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John Deaton Highlights Ripple’s Journey from Legal Struggle To ETF Launches

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The XRP lawsuit has taken a significant turn with the US Securities and Exchange Commission’s (SEC) decision to drop its appeal against Ripple. The platform is poised for major achievements as the Ripple case nears its long-awaited conclusion after the XRP community’s four-year struggle. With about 20 XRP ETFs ready to launch, advocate John Deaton reflects on Ripple’s journey over the past four years.

Notably, John Deaton sheds light on the phenomenal evolution of Ripple since 2020, despite the ongoing legal struggles. Let’s dive into Deaton’s critical role in the Ripple vs SEC case and the company’s potential developments.

XRP Lawsuit to ETF Launches: John Deaton Weighs In

Reflecting on the pivotal moments that shaped the Ripple landscape, XRP attorney John Deaton shared an X post earlier today. While Ripple has achieved a major milestone in the XRP lawsuit, Deaton looks back on his pivotal decision to file a Motion to Intervene in the case.

The Ripple lawsuit has since yielded significant milestones, most notably Judge Torres’ landmark decision that XRP is not classified as a security, paving the way for further growth and adoption. Building on this success, Ripple now stands triumphant with the recent launch of multiple XRP ETFs.

John Deaton’s Critical Role in the Ripple vs SEC Case

Interestingly, John Deaton filed a Motion to Intervene before four years, marking a significant turn in the XRP lawsuit. The lawyer asked Judge Torres to let XRP holders join the fray as defendants. Though many lawyers and individuals criticized him, he didn’t hesitate to move forward.

Further, citing his intention of gaining participatory rights as amici counsel, the XRP lawyer wrote,

I knew Judge Torres would never force the SEC to sue, at the time, 12,600 XRP holders (which grew to 75K) but man, did it send the right message. Other than sending that message, my real goal was to be appointed amici counsel, with participatory rights, which, in effect, she did.

Moreover, Deaton expressed his delight over Judge Torres’ summary judgment, which ruled XRP as a non-security. The lawyer explained that the judge cited the significance of XRP holder affidavits in her judgment. Notably, she referenced these affidavits on two separate occasions in her written XRP lawsuit ruling.

Recently, John Deaton underscored the significance of the potential tokenization of real-world assets (RWAs). In addition, he revealed how cryptocurrencies could help achieve the American Dream.

XRP ETFs: A Major Benchmark

John Deaton’s X post on the XRP lawsuit comes in response to the latest XRP ETF development. Recently, the NYSE Arca approved the Teucrium’s 2X Long Daily XRP ETF under the Securities Exchange Act of 1934.

“This is like the 20th XRP related ETF. Never say you can’t make a difference!,” stated John Deaton. With multiple platforms already applied to launch an XRP ETF, the community remains optimistic of the token’s future trajectory.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Bitcoin Analyst Says Shiba Inu Price Is Not Hitting $1, Here’s Why

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

A recent analysis by a Bitcoin analyst has thrown cold water on the possibility of the Shiba Inu price hitting the $1 mark. The analyst firmly dismissed the idea, suggesting that it is highly unlikely, if not downright impossible.

Why Shiba Inu Price Will Never Hit $1

Davinci Jeremie, a prominent Bitcoin analyst with over 825,700 followers on X (formerly Twitter) has declared the Shiba Inu price will never reach $1. To understand why the analyst has made such a grim prediction, he points to Shiba Inu’s market capitalization and supply dynamics.

With Shiba Inu’s vast circulating supply, Jeremie argues that reaching $1 would require an astronomical market cap far beyond what the crypto market could sustain. As of April 2025, the total circulating supply of SHIB is around 589.5 trillion. However, this number fluctuates with daily token burns

For Shiba Inu to hit $1, Jeremie has stated that its market capitalization would need to surge to a staggering $600 trillion. To put the sheer scale of this figure into perspective, a comparison between Bitcoin, gold, and the global crypto market cap helps illustrate just how unrealistic this milestone is.

Currently, Bitcoin, the world’s largest cryptocurrency by market cap, is worth around $1.66 trillion. For Shiba Inu to achieve a $1 price point, it would need to surpass almost 600 times the total market cap of Bitcoin

SHIB market cap currently at $7.32 billion. Chart: TradingView

Gold, which is widely regarded as a reliable store of value and has a market cap of approximately $21.857 trillion, would still be significantly dwarfed by the required market cap for SHIB at $1. To put it simply, Shiba Inu reaching this figure would need a valuation nearly 300 times greater than the entire global crypto market cap, which currently sits around $2.65 trillion. 

As mentioned earlier, Shiba Inu’s massive supply also significantly contributes to why a $1 price is unrealistic. While cryptocurrencies like Bitcoin have a capped supply, SHIB’s is exponentially larger, created to appeal to its community. 

The sheer number of tokens in circulation is part of what keeps SHIB’s current price so low at $0.000012. It also makes it virtually impossible to reach $1 unless drastic changes are made to supply or token burns skyrocket astronomically. 

Community Acknowledges SHIB’s $1 Pipe Dream

Following Jeremie’s declaration that Shiba Inu is unlikely ever to hit $1, many in the crypto community echoed his sentiment, emphasizing just how unrealistic and ambitious this target is. While many concluded that Shiba Inu cannot reach $1, others offered potential solutions they believe could one day turn this far-fetched goal into a reality.

One member highlighted the need to reduce Shiba Inu’s supply. Primarily, this would involve token burns, which permanently remove tokens from circulation. Since its inception, over 410.7 trillion SHIB tokens have been burnt. However, despite this progress, the circulating supply remains overwhelmingly large. 

Featured image from Pixabay, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Expert Outlines Reasons Why Avalanche Will Revolutionize Traditional Finance

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Avalanche (AVAX) is carving a niche as a blockchain network with boundless scalability but one expert is highlighting its real-world use case in finance. Crypto expert Olivia Vande Woude says Avalanche will change the landscape for traditional finance as we know it.

Avalanche Will Modernize Legacy RTGS Systems

According to an X post, business development expert Olivia Vande Woude remarks that Avalanche will improve current offerings for mainstream finance. Right out the bat, Woude notes that the lowest hanging fruit for AVAX will be changing outdated rails in legacy finance.

Woude argues that rather than a wholesale replacement, an Avalanche integration will improve legacy RTGS systems like SWIFT and Fedwire. Perhaps, the biggest area of improvement will be in conventional post-trade infrastructure bogged down by fragmented reconciliation. Woude notes that the network can introduce real-time finality and liquidity efficiency for post-trade infrastructure.

Large exchange infrastructure is tipped to record seismic changes following an Avalanche integration, says Woude. While CBOE and ICE grapple with execution latency, Woud was Avalanche’s decentralization can reduce slippage for legacy exchanges.

“Avalanche does for finance what fiber optics did for telecom,” said Woude. “It’s replacing outdated rails with real-time, high-throughput, low-latency execution.”

Woude points out in her statement that Avalanche’s tamper-proof infrastructure will improve the batch processing systems employed by traditional custodians. The derivatives markets will receive their fair share of changes, leaning on Avalanche’s collateral optimization and margin logic based on advanced smart contracts.

Amid soaring regulatory changes in the US, traditional financial institutions can unlock new revenue streams in tokenization via blockchain-based integrations.

Benefits Extend To Funding Markets Amid Soaring AVAX Price

Woude highlights the benefits of an integration in short-term funding markets by leaning on its dynamic discounting. Furthermore, the blockchain offers programmable yield analytics designed to revolutionize the operations of repo settlements and liquidity management in funding markets.

An EVM compatibility will allow institutions to still deploy Ethereum-based smart contracts, smoothening the curve for tokenized funds. As the US SEC approves options trading for Ethereum spot ETFs, Avalanche can offer financial institutions permission chains for compliance while offering on-chain derivatives mirroring ETF performance.

“Avalanche isn’t just modernizing financial infrastructure, it’s reprogramming it,” said Woude. “Institutions adopting Avalanche in turn gain a meaningful edge in speed, efficiency, and transparency.”

AVAX price has gained nearly 8% over the last day driven by a broader crypto market rebound and rising institutional adoption for Avalanche. AVAX is trading at $20 while daily trading volumes have spiked by 7% buoyed by bullish chatter around the network.

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Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Shiba Inu Price on The Verge of Breaking $0.00002

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The memecoin ecosystem has joined the latest revival in the broader market, with the Shiba Inu price now in the spotlight. The memecoin has reset its bearish outlook and will break crucial price milestones in the coming days.

For Shiba Inu, the death cross formation was confirmed on April 6 when the price dropped from $0.00001232 to a low of $0.00001030.

Shiba Inu Price Golden Cross Confirmed

Market data shows that the SHIB price is gradually disappearing from its earlier consolidation trend. At the time of writing, the coin’s price was changing hands for $0.00001249, up by 2.14% in 24 hours. 

SHIB recovered after trading at a low price of $0.00001205 to a daily high of $0.00001265 before settling at the current level. This price boost comes as the SHIB burn rate jumped 1000% in early trading, setting the memecoin on a possible revival path.

Shiba Inu PriceShiba Inu Price
SHIB/USDT 4H Chart. Source: TradingView

The SHIB/USDT 4h chart confirms a golden cross pattern for the memecoin. This pattern is formed when the short-term Moving Average switches above the longer-term moving average.

Although this pattern is fully formed on the 4-hour chart, it is yet to form on the daily chart. However, with the current momentum, a confirmed breakout is possible. Already, the token has displaced Hedera and now ranks as the 17th largest cryptocurrency.

Shibarium Catalyst for Price Rebound

Different ecosystem factors can boost the price of Shiba Inu in the long term. One of these factors is closely tied to the outlook of Shibarium and its associated Layer-2 scaling solution.

As reported earlier by CoinGape, the Shibarium 200 million addresses milestone is near. If the network attains this landmark, it will show a clear sign of growing adoption, a move that might boost its token valuation.

Already, Shibarium has broken the 1 billion total transaction milestone. Should the Shiba Inu network continue to record organic growth, its chances of outranking Dogecoin is higher.

Amid the ongoing boost, the question remains how high the memecoin could soar. Drawing on this, a potential SHIB retest of its ATH of $0.00008844 is possible moving forward. While it will require as much as a 710% growth from current levels, SHIB can print this uptick, drawing on its historical trend.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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