XRP News Today: Ripple CEO Hails XRP Futures Launch as Institutional Milestone Bitcoin Bull Samson Mow Predicts New All-Time Highs SHIB Team Unveils L3 Alpha for Scalable Infrastructure

Ripple CEO Brad Garlinghouse has reacted to a significant milestone for XRP, following the launch of XRP and Micro XRP futures by CME Group. Garlinghouse described the development as "a key institutional milestone for XRP," highlighting that institutional players can now gain exposure to XRP without owning the actual coin. This move allows traders to engage in futures trading outright or agree to buy or sell them on a fixed basis to the day’s index close, with large trades facilitated through block trades. Ripple’s acquired prime brokerage firm, Hidden Road, executed the first block trade at market open. Despite the futures launch, XRP has seen a slight decrease of 0.33% over the past 24 hours, which is not surprising given that the futures were initially announced in April.

Samson Mow, CEO of JAN3 and a vocal Bitcoin supporter, has expressed his belief that Bitcoin is entering a season where it could potentially reach new historic highs. Mow's recent post on X, stating "Feels like ATH season," suggests optimism for Bitcoin's future performance. Bitcoin's previous all-time high was reached at the $109,114 level on Jan. 20. Over the weekend, BTC managed to spike to $107,140; however, after a pullback, it is now trading at $104,668. Mow is not the only one predicting an all-time high for Bitcoin this year; other notable figures, such as Robert Kiyosaki and Mike Novogratz, have also made bullish predictions for Bitcoin's price.

The SHIB team has released a key update on the upcoming SHIB L3 Alpha, which is currently being tested on Puppynet. The update highlights that this layer-3 solution will have seamless compatibility with ZK and Optimistic rollups. The SHIB Alpha Layer is designed to power scalable, low-cost infrastructure across a global network state, enabling real-world applications and next-gen dApps. The team emphasized that the layer-3 solution is currently in development and has not been publicly released yet, reminding followers to protect the SHIB community from any fraud and malefactors. Despite not being publicly released, the SHIB Alpha Layer has already attracted interest from institutional partners, such as the UAE Ministry of Energy.

In summary, the recent developments in the cryptocurrency world include Ripple CEO Brad Garlinghouse's positive reaction to the launch of XRP futures, Samson Mow's optimism about Bitcoin reaching new all-time highs, and the SHIB team's update on the upcoming SHIB L3 Alpha. These events highlight the ongoing evolution and institutional interest in the cryptocurrency market, with key players and projects making significant strides in their respective domains.

Analyzing these developments, it is clear that the cryptocurrency market is experiencing a period of growth and innovation. The launch of XRP futures by CME Group and the positive reaction from Ripple CEO Brad Garlinghouse indicate that institutional players are increasingly interested in gaining exposure to cryptocurrencies. Samson Mow's optimism about Bitcoin reaching new all-time highs, along with the bullish predictions from other notable figures, suggests that there is significant confidence in Bitcoin's future performance. The SHIB team's update on the upcoming SHIB L3 Alpha highlights the ongoing development and innovation in the cryptocurrency space, with projects like SHIB working to create scalable, low-cost infrastructure for real-world applications and next-gen dApps. Overall, these developments indicate that the cryptocurrency market is continuing to evolve and attract institutional interest, with key players and projects making significant strides in their respective domains.