Market
Ripple Highlights UK’s Potential to Become Global Crypto Hub

Blockchain firm Ripple has called on UK policymakers to seize the moment and position the country as a global leader in digital assets.
Matthew Osborne, Policy director of Ripple Europe, revealed that panelists at Ripple’s recent London Policy Summit stated that the country has the right mix of financial expertise, infrastructure, and international reputation to lead this evolving sector.
UK Has ‘Second-Mover Advantage’
In a blog post, Osborne pointed out that one of the key takeaways from the summit was that the UK holds a “second-mover advantage” in the race for crypto regulation.
According to the post, the UK can adopt a more balanced and innovation-friendly regulatory framework by observing the early efforts of jurisdictions like the EU, Singapore, and Hong Kong.
They believe that this approach could ensure consumer protection while encouraging responsible growth across the sector.
“There is a huge opportunity for digital assets in the UK. With growing consensus that blockchain technology will transform financial markets, the UK already boasts a globally leading, competitive financial services center. And with particular strengths in FX, capital markets, insurance and professional services, the UK has all the building blocks to be a global leader in digital assets,” Osborne wrote.
The panelists furthered that these clear rules will improve institutional confidence, raise industry standards, and lower systemic risks. However, they also warned that the window to act is quickly closing.
“The window of opportunity is narrowing, and one clear theme that emerged from industry participants is the need to provide regulatory clarity with greater pace and urgency,” the blockchain firm noted.
The need for urgency stems from projections that digital assets could represent up to 10% of global capital markets by 2030, potentially holding a combined value of $4 to $5 trillion.
Osborne stressed that the UK must act boldly and collaboratively to remove unnecessary legal obstacles and create an innovation-friendly environment.
Meanwhile, another pressing concern the panelists highlighted was the lack of clarity around stablecoins.
Stablecoins are digital tokens pegged to fiat currencies like the US dollar and are essential to the broader crypto economy. As they are increasingly used for trading, payments, and settlements, stablecoins have become the backbone of the digital asset ecosystem.

With a current market valuation exceeding $230 billion, stablecoins are expected to grow further as adoption increases.
Considering this, there are calls for the Financial Conduct Authority (FCA) to fast-track its stablecoin framework. The panelists emphasized the need for policies that support both domestically issued and foreign stablecoins operating within the UK.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
XRP and Bitcoin Briefly Rallies After Rumors of 90-Day Tariff Pause

The brief rumor of a 90-day pause from Trump’s tariffs caused the markets to rally significantly. However, the White House squashed these rumors, fueling further crashes.
This highlights a genuine desperation in the markets as traders try to regain some bullish momentum and prevent a recession.
Trump Tariff Fakeout
The threat of Trump’s tariffs is closer than ever, and it’s causing a “Black Monday” event in the crypto markets. Bitcoin dipped below $80,000, and over $1 billion was liquidated from crypto.
However, one of the President’s advisors, Kevin Hassett, suggested this morning that he might be having second thoughts:
“Would Trump consider a 90-day pause in tariffs?’ ‘I think the president is gonna decide what the president is gonna decide … even if you think there will be some negative effect from the trade side, that’s still a small share of GDP,’” Hassett said in an interview.
This news quickly began recirculating, claiming that Trump was seriously considering a 90-day pause in tariffs. This created a huge rally in traditional markets, with the S&P 500 shooting up 6% in seconds. This rally turned on a dime to a certain extent, falling again quickly.

Following the rumor, XRP rallied nearly 10% to hit $2, while Bitcoin rebounded back to $80,000. Both assets have declined again due to the lack of credibility of the news. Overall, the volatility has been extremely chaotic in the crypto market today.

In his interview, Hassett did not make any firm commitments that Trump is considering pausing tariffs. His response focused mostly on ongoing negotiations and assertions that the tariffs would have a limited impact.
Shortly afterward, the White House officially denied any knowledge of a 90-day pause. They are still set to begin in two days.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Binance Founder CZ Joins Pakistan Crypto Council as Advisor

Changpeng ‘CZ’ Zhao, the founder of Binance, has reportedly taken on a new role as Strategic Advisor to the Pakistan Crypto Council.
Pakistan’s local media suggests that the appointment was confirmed during a meeting held in Islamabad with top government officials.
CZ Joins Pakistan Crypto Council
The Finance Minister, Senator Muhammad Aurangzeb, reportedly led the session. Other attendees included the heads of Pakistan’s key financial and regulatory bodies—the Securities and Exchange Commission and the State Bank—and senior officials from the law and IT ministries.
According to the reports, Zhao also met separately with Pakistan’s Prime Minister and Deputy Prime Minister to discuss digital asset policy and blockchain adoption.
His involvement with Pakistan follows a recent agreement with the Kyrgyz Republic. There, he is advising on Web3 infrastructure and blockchain education.
Kyrgyzstan has also launched the A7A5 stablecoin, pegged to the Russian ruble. Both Kyrgyzstan and Pakistan are looking to develop their financial ecosystem around crypto to attract industry interest in the regions.
Meanwhile, CZ continues to engage with multiple governments on crypto regulation. He has been focused on building secure frameworks and enabling digital finance ecosystems.
BeInCrypto has contacted Binance about the reports and whether the company is involved in the initiative.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Ethereum (ETH) Tanks to March 2023 Levels as ETH/BTC Ratio Plummets to 5-Year Low

The value of the leading altcoin, Ethereum, has plunged to its lowest point since March 2023, signaling a steep decline in market confidence. This has happened amid the broader market’s downturn, which was exacerbated by Donald Trump’s Liberation Day.
Compounding the bearish sentiment, the ETH/BTC ratio has now dropped to a five-year low, indicating that Bitcoin is gaining relative strength against Ethereum.
ETH/BTC Ratio Hits 5-Year Low as Traders Flee
ETH’s price decline has pushed the ETH/BTC ratio to a five-year low of 0.019. This ratio measures ETH’s relative value compared to BTC. When it rises, it indicates that ETH is outperforming BTC, either because the altcoin’s price is growing faster or the king coin’s price is falling.

Conversely, a decline like this suggests that the leading coin, BTC, is gaining strength relative to the top altcoin, ETH. It suggests that traders are moving capital into BTC, seeing it as a safer or more profitable investment at the moment despite its own price troubles.
Further, on the daily chart, ETH’s negative Chaikin Money Flow (CMF) confirms the coin’s plummeting demand. At press time, it is at -0.07.

The CMF indicator measures the volume-weighted accumulation and distribution of an asset over a set period, helping gauge buying and selling pressure. When its value falls below zero like this, it indicates that selling pressure is dominating.
ETH’s CMF readings suggest that more traders are distributing (selling) the coin than accumulating it. This reflects weakening demand and is a bearish signal for the asset’s price momentum.
ETH Flashes Oversold Signal: Is a Bounce Back on the Horizon?
ETH’s Relative Strength Index (RSI), observed on a one-day chart, shows that the altcoin is currently oversold. At press time, the momentum indicator is in a downtrend at 25.62.
The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.
At 25.62, ETH’s RSI signals that the coin is deeply oversold. This presents a buying opportunity, as such lows are usually followed by a price rebound.
If this happens, ETH’s price could regain and climb back above $1,589. If this support level strengthens, it could propel ETH’s value to $1,904.

However, this rebound is not guaranteed. If ETH bears maintain dominance and selloffs continue, the coin could extend its decline and fall toward $1,197.
The post Ethereum (ETH) Tanks to March 2023 Levels as ETH/BTC Ratio Plummets to 5-Year Low appeared first on BeInCrypto.
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