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Here are the top three news stories presented to you by U.Today.
XRP achieves historic feat against Ethereum (ETH)
According to recent on-chain data, XRP is set to achieve six consecutive months of positive returns against Ethereum (ETH). This marks the first time in the history of the Ripple-affiliated token that it has scored such overperformance against ETH. In November, XRP surged by 160% compared to ETH, and this trend continued into 2025; in March, XRP/ETH was up by nearly 20%, and in this month, by 14%. In comparison, over the period from November 2023 to May 2024, XRP scored seven consecutive months of negative performance. In February 2024, XRP dropped by 20.4% against ETH. The momentum could be driven by positive new developments in the Ripple-SEC case and increasing excitement surrounding ETFs. Analysts believe that a spot-based XRP ETF is likely to be approved in the U.S. soon.
Mysterious Bitcoin (BTC) transfer stuns world's largest crypto exchange
Yesterday, April 17, Whale Alert spotted a BTC transaction carrying 600 BTC worth $50,603,597 from an unknown wallet to Binance. According to blockchain data, the wallet is connected to BIT.com (Matrixport), a centralized exchange with over $101 million in total assets. The transaction moved a total of 699.9999949 BTC, with 600 BTC sent to Binance and the remaining 99.9999949 BTC returned to the Matrixport wallet. The fee for the transfer constituted 0.0000051 BTC, or roughly $0.43. The movement of such a massive amount of BTC to Binance ignited speculation of potential selling activity within the community. Although there have been no further transfers from the Binance address yet, the size and timing of this deposit have sparked discussions about its implications for the market.
Arman ShirinyanGensler reacts to SEC dropping Ripple appeal and other cases
On Wednesday, April 16, former SEC Chairman Gary Gensler made an appearance on CNBC's "Squawk Box" program. During his interview with host Andrew Ross Sorkin, Gensler commented on the regulatory agency's unexpected decision to drop enforcement cases against major crypto companies, including Ripple, Kraken and Coinbase. "As you probably watched, so many CEOs were doing almost victory laps in the crypto world as these enforcement cases were dropped by this current administration…what did you think?" Sorkin asked. Gensler refrained from commenting on specific cases, arguing that "almost 99%" of the crypto field is based on sentiment. The former SEC chair added that while "something like Bitcoin" may persist due to "real keen interest" in it, the overall reliance on sentiment could lead to negative outcomes for many cryptocurrencies. "If this is just about sentiment, then, generally, those don't end up well, and most then go down," he said.
Vladislav Sopov
Dan Burgin