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XRP could hit dazzling heights if Bitwise’s bull scenario or ‘max scenario’ by 2030 play out — here’s what the asset management firm targets.

LUNA is long dead, but Galaxy Digital is still cleaning up the mess in the aftermath. The asset manager has now agreed to pay $200 million to settle its case with Terraform Labs.

Plus, don’t miss Benzinga’s must-attend virtual forum on the rapidly evolving ETF market! Join us on June 5th at 10 am ET to explore the latest trends in crypto ETFs, thematic ETFs and innovative structures. Gain valuable insights into strategies reshaping how financial advisors guide clients and how retail investors adjust their portfolios.

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TOP STORY

XRP Could Hit Up To $29.30 In 'Max Scenario' By 2030: Bitwise

According to a Bitwise report, XRP’s blockchain, known as the XRP Ledger, is already being used to facilitate direct payments and cross-currency transactions.

Bitwise highlights that the blockchain’s future growth likely hinges on its utility in two key areas: converting real-world assets into tradable blockchain tokens and enabling global financial institutions to streamline transactions.

Depending on how that plays out, XRP could hit price targets between a ‘bear scenario’ and a ‘max scenario’ by 2030.

Read the full scoop here.

SPECIAL OFFER

Don’t miss Benzinga’s must-attend virtual forum on the rapidly evolving ETF market! Join us on June 5th at 10 am ET to explore the latest trends in crypto ETFs, thematic ETFs and innovative structures. Gain valuable insights into strategies reshaping how financial advisors guide clients and how retail investors adjust their portfolios.

Click here to reserve your spot today!

QUICK N DIRTY

Dogecoin is down 6% today, but traders are going long — what do they know?

Bitcoin has tumbled below $85,000 today, and the fall might not be done yet — is the bull run over?

Gamestop is investing in Bitcoin, but guess who thinks this is a bad idea? Bitcoin critic Peter Schiff — here’s what he said.

FINTECH FOCUS

Galaxy Digital To Pay $200 Million In Terra-LUNA Settlement With New York Attorney General

Galaxy Digital has reached a $200 million settlement with the New York Attorney General, following allegations the firm failed to disclose its financial interests while promoting the now-collapsed LUNA cryptocurrency.

Galaxy Digital CEO Mike Novogratz told Benzinga that after careful consideration, "settling this matter will help Galaxy move forward and minimize distractions" to focus on its mission of "driving innovation and growth in digital assets and artificial intelligence infrastructure."

So, where does Galaxy Digital go from here?

Read the full scoop here.

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