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XRP ETF: Hype Or Hope? Experts Weigh In After BlackRock's Cautionary Move

Bob Ras, the Co-Founder of Coreum and Sologenic, has argued that the XRP Leger is at risk of replacement amid Ripple’s alleged selective funding of projects building on XRPL.

Ras recently voiced this sentiment in a series of posts on X. Notably, he issued a compelling call to action directed at Ripple, its development team RippleX, and its CEO Brad Garlinghouse.

Ras emphasized that his message is not to propagate fear, uncertainty, or doubt (FUD) about XRPL. Instead, it stands as a clarion call to awaken XRPL believers to the platform’s current challenges.

(1/10)🧵Unleashing XRPL's Potential!
Calling all #XRPL believers! @Ripple, @RippleXDev, @bgarlinghouse – This isn't FUD, it's a wake-up call. As a founding member of an early XRPL project, I'm deeply concerned about recent events. Let's break it down.

— Bob Ras (@bobrasX) March 25, 2024

Sologenic’s Contributions to XRPL First, Ras drew from his firsthand experience as a founding member of an early XRPL project, Sologenic. He asserted that before Sologenic, the XRPL decentralized exchange lacked usage.

However, according to Ras, announcing their intention to build on XRPL illuminated the network’s potential. Ras reminisced that the development prompted more projects to recognize the feasibility of building on XRPL despite its limitations.

Thereafter, his team went on to develop Sologenic into an enterprise-grade tokenization solution on XRPL. Their efforts included an exhaustive 18-month pursuit of regulatory approval for a broker-dealer license.

However, the landscape shifted dramatically when the SEC lawsuit against Ripple emerged, “shattering regulatory confidence in the entire XRPL ecosystem.”

Coreum’s Contributions to XRPL Amid this development, Ras noted that his team pivoted towards developing Coreum, a blockchain featuring smart contracts and interoperability with other networks. 

He pointed out that Coreum’s utility addressed the deficiencies of XRPL and empowered developers to explore innovative use cases with newfound functionalities.

Last week, Ras’s team unveiled a decentralized, open-source bridge between XRPL and Coreum. The development facilitates seamless transfer of XRPL assets to Coreum while enabling connectivity to Inter-Blockchain Communication (IBC) chains.

With this bridge in place, developers gain access to smart token technology. In parallel, it unlocks many innovative use cases for all XRPL assets that extend beyond just XRP and Sologenic’s native token, SOLO. 

Moreover, retail users can earn rewards by participating in automated market maker (AMM) pools on Coreum and other IBC chains. 

XRPL At Risk with Ripple’s Selective Funding However, Ras raised concerns regarding the RippleX team’s recent endorsement of misinformation regarding another chain’s bridge being the first to implement IBC. He asserted that such actions are misleading and detrimental to the collective efforts of the entire XRPL developer community.

Based on this premise, Ras claimed Ripple shows partiality in supporting XRPL projects. He emphasized that it is in Ripple’s best interest to advocate for all innovative projects developing use cases for XRPL rather than exclusively supporting initiatives associated with ex-employees. He cited examples of a $100 million allocation to the XRPL project Coil.

Furthermore, Ras stressed that without embracing innovation and overcoming its limitations, XRPL faces the same fate as the outdated phone companies replaced by the iPhone due to their failure to innovate.

“To truly care about XRPL, Ripple needs to stop selective funding and support ALL developers building the future,” Ras Lamented.

(8/10) Remember how the iPhone replaced outdated phones? XRPL risks the same fate without embracing innovation. To truly care about XRPL, Ripple needs to stop selective funding and support ALL developers building the future!

— Bob Ras (@bobrasX) March 25, 2024

He added that the XRP community has patiently waited for Ripple’s disruption of cross-border payments and replacement of SWIFT. However, Ras urged Ripple that, if the vision remains distant, it should instead support all builders contributing value to XRPL to foster ecosystem growth like other successful Layer 1 networks. 

Ultimately, he emphasized that his message is not an attack but a call to action to unlock XRPL’s potential as an innovative ecosystem. Ras reiterated the shared desire for XRPL’s success among its community.

Notably, this argument of Ripple not supporting some projects pushing solutions around XRP has persisted for a while. It recently reemerged amid the pioneer NFT project of XRPL announcing its migration to Solana due to a “lack of support.”

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Coreum (CORE), an XRPL-based token, secures a listing on leading Latin American Exchange Bit2Me alongside a partnership with the University of California.

Coreum (CORE) has recently been integrated into Bit2Me, an exchange in Spain and Latin America. This integration is part of Coreum’s ongoing efforts to enhance interoperability within the crypto sector.

Coreum is now live on @bit2me, the leading regulated exchange in Spain and LATAM.

While bringing $COREUM to new markets, Bit2Me enables diverse use cases on the platform such as instant transfers via email or phone number, #crypto payments for e-commerce, and more.

Now Live:… pic.twitter.com/nqlxLrODfW

— Coreum (@CoreumOfficial) May 9, 2024

With its listing on Bit2Me, Coreum is now accessible to a wider audience in the burgeoning markets of Spain and Latin America. Bit2Me offers a suite of services that complement Coreum’s offerings, including the ability to conduct instant transfers via email or phone number, and the facilitation of cryptocurrency payments for e-commerce.

On the same day, Coreum also announced a partnership with the University of California, Santa Barbara through its University Ambassador Program. This collaboration will feature during the upcoming UCSB Blockchain Summit, further highlighting Coreum’s commitment to fostering education and engagement in the blockchain community.

Fast Transactions Meet Modern Finance Needs Coreum, built on top of Tendermint and Cosmos SDK, is designed to handle enterprise-scale operations with a transaction speed capability of up to 7,000 transactions per second (TPS). Its architecture is compliant with ISO20022 standards, facilitating efficient cross-border settlements.

As earlier reported by The Crypto Basic, Coreum launched a bridge to the XRP Ledger (XRPL), allowing seamless transactions between the two chains and enhancing liquidity for its users. There was a surge in volume of XRP tokens bridged to the Coreum network by market participants in April. 

Bit2Me on its hand supports multi-currency operations, allowing users to manage both Coreum and traditional money efficiently. The platform’s flexibility extends to creating multiple wallets in different currencies, tailored to various spending needs such as holiday savings or monthly budgeting.

Coreum Suffers Market Decline Despite these technological strides and market expansions, Coreum’s market price has faced downward pressure. Currently priced at $0.0951, with a 24-hour trading volume of $1,834,419.43, it has experienced a 2.66% decline in the last day and a 6.40% fall over the past week. 

These figures indicate a challenging environment for Coreum, especially when contrasted with the broader cryptocurrency market’s slight downturn of 0.10% and other similar cryptocurrencies, which have collectively risen by 5.70%. On the social engagement front, Coreum’s visibility in cryptocurrency-related discussions has shown fluctuations correlating with its market activity, per Santiment data.

At its peak in December 2023, Coreum achieved a high trending rank on social platforms, indicating a spike in public interest and discussion during that period. However, this interest has seen a decline following the peak, as evidenced by a downward trend in social volume and engagement metrics.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

An asset tokenization altcoin is surging after announcing a new partnership with a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC).

Earlier this week, asset tokenization platform Sologenic (SOLO) announced a partnership with Texture Capital, a US-based broker-dealer that specializes in blockchain technology and digital assets.

[adinserter block="1"]

News of the collaboration served as a catalyst for the platform’s native asset, SOLO, to skyrocket from a price of $0.29 on November 21st to a price of $0.83. It has since stabilized and is trading for $0.77 at time of writing, an increase of over 110% during the last 24 hours.

Together, Sologenic and Texture Capital will roll out SoloTex, a trading platform approved by FINRA (The Financial Industry Regulatory Authority) that lets blue-chip investors tokenize securities. However, no specific date was provided for its launch.

“Solotex is currently under development. Upon regulatory approval and launch, the platform aims to transform global markets by offering access to tokenized assets…

Together, both teams are leveraging a collective expertise in blockchain development, regulatory compliance, and financial markets infrastructure to build a comprehensive platform that will aim to facilitate access to tokenized financial assets.”

Sologenic launched in 2019 as a decentralized exchange (DEX) platform built on the XRP Ledger that allowed investors to tokenize and trade stocks. It went on to incorporate crypto assets and non-fungible tokens (NFTs).

Generated Image: Midjourney

The XRP Ledger (XRPL) ecosystem is surging, with its top cryptocurrencies leading the market’s gainers at last check early Sunday morning.

Over the past seven days, XRP has climbed 11.8%, while Sologenic (SOLO) and Coreum (COREUM) soared 21.6% and 21.4%, respectively.

The rally highlights growing momentum for XRPL-based assets, outpacing Polkadot (DOT) and Kusama (KSM), which are up 3.4% and 2.9%.

XRP’s seven-day trajectory: CoinGecko Built for fast, low-cost cross-border payments and asset tokenization, XRPL is a decentralized blockchain with a built-in decentralized exchange (DEX), trust lines for asset issuance, and sidechains for expanded functionality. Its ecosystem is expanding, with non-fungible token (NFT) support, smart contract integration (Hooks), and DeFi applications gaining traction.

Ripple, a key contributor to XRPL, has been driving institutional adoption, while the XRPL Foundation and developer community continue to enhance the network’s capabilities. The recent surge in XRPL-related tokens suggests growing confidence in its ecosystem as tokenization, payments, and DeFi innovation accelerate.

Why? For starters, the U.S. Securities and Exchange Commission (SEC) recently acknowledged Grayscale’s 19b-4 filing for an XRP exchange-traded fund, or ETF.

Analysts now project a surge in institutional investment if and when it’s approved.

Polymarket bettors like the odds. According to the website, where crypto holders can gamble on real-world events, there’s an 81% chance of approval this year, according to Cointelegraph.

JPMorgan analysts also reported that a spot XRP ETF could bring in up to $8 billion in institutional money. Should the XRP ETF get the green light, it’ll rank alongside Bitcoin and Ethereum — already spot ETF-approved — as a top cryptocurrency attracting institutional investors.

Grayscale plans to transform XRP Trust into a tradable ETF, once approved the conversion would increase liquidity and accessibility for investors all around the world.

The SEC’s acknowledgment is one step in the approval process. The fact that Ripple CEO Brad Garlinghouse is hobnobbing with politicos in Washington, D.C. this past week has certainly helped boost the chances as well.

Walked away from an action-packed day in DC yesterday with the feeling that there is (finally) an incredible opportunity to advance meaningful bipartisan legislation that establishes clear, constructive and pro-innovation regulatory frameworks for crypto.

Thank you to these… pic.twitter.com/LF6V536udg

— Brad Garlinghouse (@bgarlinghouse) February 13, 2025 Currently, XRP’s price is trading at $2.78, with a 24-hour trading volume of $3.5 billion. As for the other top cryptocurrencies, here’s a look at their seven-day trajectories:

CRYPTOCURRENCYPRICE7-DAY GAINS +/-Bitcoin (BTC) $97,514.17+0.3%Ethereum (ETH) $2,699.44+1%Solana (SOL) $194.54-5.6%Cardano (ADA) $0.7837+10.4%Dogecoin (DOGE) $0.2704+4.6%Shiba Inu (SHIB) $0.00001617-0.9%

Renowned trader D.I.Y. Investing says the XRP Ledger is on the brink of a major breakthrough, urging traders to get involved early while prices remain low.

In a tweet, he emphasized the urgency for traders to load up on XRP in their wallets and begin trading altcoins on the XRPL as soon as possible. He stressed that the network is on the verge of a significant breakthrough.

According to the trader, there are life-changing opportunities still trading at “pennies on the dollar” on the XRPL. Consequently, he warned traders not to overlook the potential of this ecosystem.

XRP Ledger: Home to the Next Altcoin Boom? The XRP Ledger is a decentralized, open-source blockchain known for its fast settlement times, low fees, and built-in DEX functionality. Although it has existed since 2012, its altcoin ecosystem is only now attracting growing attention due to the recent introduction of additional features.

A few months ago, Ripple CTO David Schwartz voiced support for the rising meme coin trend on the XRPL after accepting a gift of 15 DROP tokens from the team behind the DROP meme coin. Sharing his wallet address, Schwartz said he “likes this trend,” signaling a positive stance toward community-driven tokens.

The trend gained momentum following the launch of Memepad on Magnetic X DEX, a platform enabling users to create and launch meme tokens. According to The Crypto Basic, over 70 new meme coins emerged shortly after the debut.

Now, D.I.Y. Investing’s remarks suggest that the next wave of gains may not come from mainstream chains but from underexplored ecosystems like XRPL, where valuations are still modest and trading activity is just beginning to heat up.

What Will the Next Boom Look Like? The XRP coin leads the XRPL ecosystem with a market cap of over $182 billion. At press time, XRP is trading at a seven-day decline of 11.3%, priced at $3.08.

According to D.I.Y. Investing, most market participants have no idea how massive the incoming XRP breakout could be. He suggested that the recent 70% surge in XRP might pale in comparison to what’s coming next, calling this the moment long-term holders have been waiting for.

In particular, he is forecasting prices as high as $30, a massive increase of 874%. For context, this would push XRP’s market cap from $180 billion to over $1.177 trillion.

Most people have no idea how big this $XRP breakout is about to be 📈

If you’ve been stacking since $0.15 — this is the moment we’ve waited years for.

The path to $30 XRP is real… and I’ve never been more serious. #XRP #XRPL pic.twitter.com/FFDnNjbaba

— D.I.Y Investing (@vajolleratzii) July 24, 2025

Other XRPL Tokens Another leading token in the XRPL ecosystem is Sologenic (SOLO), which ranks just below XRP with $177 million cap. It is currently trading at $0.444, a 12% discount from last week’s price. 

Despite the dip, SOLO retains an impressive 30-day gain of 80%, highlighting its strong performance during the recent global crypto bull run.

Other XRPL ecosystem tokens trading at significant discounts from their weekly highs include Phoenix (PHNIX), PONGO, XRPayNet, and Lucretius (LUC). These tokens have market caps ranging from $237,000 to $33 million.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

PANews reported on October 15th that, according to CoinDesk , SoloTex, a joint venture between Texture Capital and Sologenic , has received FINRA approval and plans to provide "real on-chain" stock ownership to US retail users. Built by Texture Capital , a FINRA -registered broker-dealer, the platform aims to tokenize traditional stocks and settle them on-chain, making it accessible to retail traders. Executives stated that SoloTex will enable compliant issuance, custody, and secondary trading, supporting the tokenization and transfer of US stock assets.