Standard Chartered Bank: Predicts XRP Could Rise to $12.50 Before Trump Leaves Office

On April 17th, Richard Teng, the CEO of Binance, told the Financial Times that under the leadership of President Trump, the United States has adopted a more crypto-friendly attitude. This includes plans to set up a digital asset regulatory framework and national reserves, which is prompting other countries to take similar measures. Binance has been in communication with many countries and hopes to assist them in formulating cryptocurrency regulatory frameworks. However, he declined to disclose the list of collaborating countries. Richard Teng stated that Binance is currently helping some countries establish national strategic digital asset reserves. Nearly a quarter of Binance's 6,000 employees are engaged in compliance work and will continue to make significant investments in this area. Earlier this month, both Pakistan and Kyrgyzstan announced that Binance founder CZ has started to provide them with advice on developing crypto regulations and using blockchain technology.

On April 17th, the net outflows from the US Bitcoin spot ETF yesterday were $171 million, including:
BlackRock IBIT: +$30.6 million Fidelity FBTC: -$113.8 million Bitwise BITB: +$12.8 million ARK ARKB: -$113.2 million ProShares BTCO: +$6.7 million VanEck HODL: +$2.4 million Grayscale BTC Mini: +$3.4 million

On April 17th, according to SoSoValue data, on the previous day (April 16th, in US Eastern Time), there was a total net outflow of $12.06 million in Ethereum spot ETF. The Ethereum spot ETF that had the highest net inflow on the previous day was Grayscale ETF ETH, with a net inflow of $2.24 million in a single day, and its historical total net inflow reached $570 million. The Bitcoin spot ETF that had the highest net outflow on the previous day was Grayscale ETF ETHE, with a net outflow of $8.199 million in a single day, and its historical total net outflow reached $4.245 billion. As of the time of writing, the total net asset value of the Ethereum spot ETF is $5.245 billion, and the ETF net asset ratio (the percentage of market value to the total Ethereum market value) is 2.76%. The historical net inflow has reached $2.244 billion.

On April 17th, as per Bloomberg which cited sources having knowledge of the matter, billionaire Michael Novogratz's Galaxy Ventures Fund I LP has managed to raise $150 million with the aim of establishing around 30 portfolios. The fund makes investments in early-stage startups, with a particular emphasis on the payment and stablecoin sector. The limited partners of the new fund are mainly family offices and high-net-worth individuals. According to a source that wished to remain anonymous, the fund is anticipated to complete its fundraising by the end of June, and the total amount raised is expected to be between $175 million and $180 million.

On April 17th, according to CoinGecko data, within the past 24 hours, Upbit's trading volume reached 4.07 billion USD. The AERGO/KRW trading pair accounted for 16.67% of the volume and ranked first in the Korean won market. The remaining top 5 are: ARDR, STRAX, XRP, WCT.

On April 17th, as per The Wall Street Journal, the cryptocurrency KOL Tiffany Fong received interactions from Musk on X due to her reporting on the FTX collapse event. As Fong started to release more pro-Trump political content, Musk's interactions with her also increased. Last summer, Musk began to pay attention to her. According to the screenshots shared by Tiffany Fong, during the most active period of interacting with Musk, Fong made $21,000 on the platform within a two-week period in November. According to sources with knowledge of the matter, Musk directly sent a private message to Tiffany Fong asking if she was interested in having a child for him. The two had never met before. Tiffany Fong did not continue to get involved with Musk because she wanted to have a child in a more traditional nuclear family setting. However, she shared her thoughts on this matter with several friends, including St. Clair, who had also had a child for Musk. Fong was worried that rejecting Mu