Web3🌑Market Updates: Binance vs. SEC, XRP ETF Approval, GameStop's Bitcoin Move & Coinbase’s Crypto Prediction

Web3 is buzzing with major developments that could shape the future of crypto! From a legal pause in the Binance vs. SEC battle to the SEC accepting an XRP ETF filing, the industry is seeing big shifts. GameStop’s stock surged after reports of Bitcoin investment plans, while Coinbase’s CEO predicts that 10% of global GDP will run on crypto by 2030. These updates highlight the growing influence of blockchain in finance and beyond. Stay ahead of the latest trends as we break down today’s biggest Web3 headlines!

1. Binance vs. SEC: Court grants 60-day pause

A U.S. district judge has granted a 60-day pause in the legal battle between Binance and the SEC, allowing both parties to reassess regulatory shifts. The stay, effective until April 14, 2025, follows a joint request citing the formation of a new SEC crypto task force led by Commissioner Hester Peirce. This pause offers Binance temporary relief from legal proceedings, including its request to dismiss the SEC’s amended complaint. With Peirce aiming to establish clearer crypto regulations, the move could signal a shift from the aggressive enforcement approach under former SEC Chair Gary Gensler, impacting Coinbase, Ripple, and others.

Court Grants 60-Day Pause in Binance, SEC Dispute - Decrypt

The 60-day pause may prompt other crypto giants like Ripple and Coinbase to reassess their legal disputes under a new SEC.

DecryptVismaya V

2. XRP ETF Approved—Next big crypto wave?

The SEC’s acceptance of Grayscale’s XRP ETF filing marks a significant milestone in cryptocurrency regulation and investment strategies. As the regulatory landscape evolves, institutional investors are exploring new opportunities for digital asset exposure, with the XRP Trust undergoing SEC evaluation. The news has already influenced XRP prices, with analysts predicting potential values between $3.00 and $5.00. This move could simplify XRP investments for retail traders while strengthening market confidence. With broader institutional adoption and a clearer regulatory framework taking shape, the approval signals a transformative shift in the crypto market, setting new benchmarks for digital asset integration into mainstream finance.

XRP ETF Filing Accepted by SEC —Is Crypto’s Next Big ETF Wave Coming?

The SEC’s acceptance of Grayscale’s XRP ETF filing signals major changes for XRP’s price, crypto investment, & crypto regulations.

Watcher GuruVladimir Popescu

3. GameStop Stock Jumps on Bitcoin rumors

GameStop’s stock surged after hours following reports that the video game retailer is exploring Bitcoin investments. The price jumped from around $26 to nearly $31 after CNBC cited unnamed sources claiming the company is considering adding Bitcoin and other cryptocurrencies to its portfolio. GameStop previously ventured into Web3 with an NFT marketplace, which it later shut down due to regulatory concerns. The speculation gains traction as CEO Ryan Cohen was recently seen with MicroStrategy’s Michael Saylor, fueling rumors of a potential Bitcoin strategy. If true, this move aligns with growing corporate interest in Bitcoin as a digital asset investment.

GameStop Stock Price Pumps After Report of Bitcoin Buying Plans - Decrypt

Video game retailer GameStop saw a sizable after-hours stock jump following a report that it’s looking to invest in Bitcoin and other coins.

DecryptAndrew Hayward

4. Coinbase CEO: 10% of GDP on crypto by 2030

Coinbase CEO Brian Armstrong has declared the dawn of a new era for crypto, predicting that up to 10% of global GDP could be powered by blockchain by 2030. Speaking during Coinbase’s Q4 2024 earnings call, he compared today’s crypto adoption to the early 2000s internet boom, emphasizing that "onchain is the new online." Armstrong highlighted that the U.S. now has the "most pro-crypto Congress ever," driving regulatory clarity and stablecoin legislation. With Coinbase reporting $2.3 billion in Q4 revenue, he believes the U.S. will lead the global crypto shift, influencing markets worldwide as blockchain adoption accelerates.

Coinbase CEO predicts 10% of global GDP to be on crypto rails by 2030

Coinbase CEO Brian Armstrong has made a bold prediction that 10% of global GDP will be running on crypto rails by the end of the decade.

CointelegraphMartin Young

The Web3 landscape is evolving rapidly, with major legal, financial, and adoption milestones shaping the future of crypto. From Binance’s legal developments to the growing ETF wave and bold predictions about blockchain’s role in the global economy, these shifts signal a transformative era ahead. Whether you’re an investor, developer, or enthusiast, staying informed is key to navigating this dynamic space. Keep following our updates for in-depth insights on the latest Web3 trends.

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