Crypto News Roundup: XRP Legal Drama, Bitcoin's Market Moves, and Major Upgrades Ahead

XRP is in the spotlight as legal tensions with the SEC linger, keeping investors on edge.

Despite Ripple’s CEO expressing confidence in a resolution, the SEC hasn’t formally dropped its appeal, and all eyes

are on the May 8 meeting for a possible breakthrough.

Meanwhile, ETF approval odds for XRP have jumped to 79%, fueling speculation.

Ripple’s CTO also reassured the community after a wallet glitch caused panic, confirming no funds were lost.

As one analyst put it, “XRP isn’t dead, it’s just loading.” Bitcoin is holding above $94,000 as traders

watch for progress in US–China trade talks.

The market is cautious, with resistance in the $93,000–$95,000 range.

Some are betting big, with over $484 million in open interest on a $300,000 Bitcoin call option for

June.

Meanwhile, the proposed Bitcoin Act could see the US acquire one million BTC, but political hurdles remain.

As one trader said, “There are always folks that want the hyperinflation hedge.” Ethereum is gearing up for

its biggest upgrade this month—the Pectra Upgrade—which will raise staking caps and improve wallet usability.

This could boost ETH demand, but exchanges may pause transactions, causing short-term volatility.

Elsewhere, Fantom’s Sonic Summit, Polkadot’s new app, and Hyperliquid’s fee changes are all making waves.

Plus, the Federal Reserve’s upcoming meeting could shake up the entire crypto market.

In a bold move, the Maldives has signed a $9 billion deal to build a massive crypto hub,

aiming to diversify its economy beyond tourism.

The project will create a huge facility for blockchain and Web3 firms, with funding that exceeds the country’s

annual GDP.

This could put the Maldives on the global crypto map.

Tether is launching an AI platform that supports Bitcoin and USDT payments, promising a fully open-source, peer-to-peer experience.

The platform aims to run on any device without centralized control, marking a new step in crypto and

AI integration.