Crypto News Roundup: Bitcoin Nears $100K, State Crypto Reserves, and XRP Futures Surge

Bitcoin is flirting with the $100,000 mark, gaining momentum from the Federal Reserve’s steady interest rates and hints

of future cuts.

Traders are also watching for a major US-UK trade deal teased by President Trump, which could boost risk

appetite across markets.

As one analyst put it, “Bitcoin is inching back up to $100k with the steady Fed rate decision

and the topic of future rate cuts having more consideration by traders.” Meanwhile, Dogecoin and Cardano are leading

altcoin gains, and institutional inflows into Bitcoin ETFs are hitting record highs.

New Hampshire just became the first US state to approve a crypto reserve, allowing up to 5 percent

of public funds to be invested in digital assets like Bitcoin.

Arizona and Texas are moving forward with similar plans, while New Jersey’s political candidates are making crypto a

campaign issue.

This state-level action comes as federal crypto legislation stalls, partly due to controversy over Trump’s personal crypto ventures

and a massive $2 billion stablecoin deal linked to his family.

Lawmakers are now debating whether politicians should be banned from owning crypto assets.

XRP is making headlines as CME Group prepares to launch XRP futures on May 19, opening the door

for more institutional investment.

Daily XRP transactions have soared, and active wallet addresses jumped over 600 percent in a week.

Legal clarity is improving for Ripple, and analysts are now eyeing a possible $5 to $10 price target

for XRP this summer if institutional inflows mirror Bitcoin’s ETF boom.

There’s also growing buzz about BlackRock’s wealthy clients seeking more crypto exposure, with rumors of big XRP news

on the horizon.

Ethereum’s Pectra upgrade just went live, aiming to make the network more user-friendly and scalable.

Meanwhile, Bitcoin is seeing a DeFi revolution with projects like StratoVM, which has surged nearly 3,000 percent in

three months by bringing smart contracts and AI to the Bitcoin network.

These upgrades and innovations are keeping both blockchains in the spotlight as competition heats up.

Stablecoin issuers like Tether and Circle are now major holders of US Treasuries, using interest income to buy

Bitcoin and potentially reshaping the financial system.

Coinbase is making a $2.9 billion move to acquire Deribit, expanding into crypto derivatives, while Robinhood is building

a blockchain for tokenized US securities in Europe.

As one expert warns, “This is called a speculative attack on the US dollar… buying treasury bills, and

then investing the interest into Bitcoin.” The crypto landscape is evolving fast, with institutions and states driving the

next wave.