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Billion-dollar asset manager ARK Invest has raised its “bull case” Bitcoin price target from $1.5 million to $2.4 million by the end of 2030, driven largely by institutional investors and Bitcoin’s increasing acceptance as “digital gold.”
ARK’s “bear” and “base” case scenarios for the price of Bitcoin (BTC) were also bumped up to $500,000 and $1.2 million, ARK research analyst David Puell saidin an April 24 report.
The new bear and base targets were bumped up from ARK’s $300,000 and $710,000 Bitcoin price predictions on Feb. 11.
ARK’s price projections were modeled on Bitcoin’s total addressable market (TAM), penetration rate — the percentage of Bitcoin’s TAM that it could capture in certain cases — and Bitcoin’s supply schedule.

Ripple files Form C, appeals SEC ruling on XRP institutional salesFTX settles lawsuit against the Bybit exchange for $228 millionDenmark Tax Council recommends bill to tax unrealized crypto gainsOn Oct. 23, the Nigerian government dropped all charges against Binance executive Tigran Gambaryan, who has been detained in a Nigerian prison for more than seven months. The withdrawal of charges was announced by a lawyer representing the country’s government prosecutor, the Economic and Financial Crimes Commission (EFCC).The lawyer representing the EFCC said that Gambaryan, a United States citizen, was not serving a key role at the cryptocurrency exchange Binance — whose activities were the target of the prosecution.Although the main reason cited was that Gambaryan’s role was non-senior, other reports suggested charges were dropped because of his deteriorating health and need to seek medical treatment.Ripple files Form C, appeals SEC ruling on XRP institutional salesOn Oct. 25, Ripple Labs filed a Form C in the US Court of Appeals for the Second Circuit, with the firm’s chief legal officer, Stuart Alderoty, confirming the filing in an X post.The Form C was filed to challenge a recent ruling from the US Securities and Exchange Commission, specifically contesting the court’s application of the Howey test.Ripple’s appeal laid out the legal grounds for its appeal, requesting a de novo review of the case, which allows the appeals court to reexamine legal interpretations.The filing follows an August decision by the US District Court for the Southern District of New York, which imposed a $125 million fine on Ripple for institutional XRP (XRP) sales.Continue readingFTX settles lawsuit against the Bybit exchange for $228 millionAccording to an Oct. 24 legal filing, the FTX bankruptcy estate agreed to a $228 million settlement with the Bybit exchange in a lawsuit to recover funds to repay former customers and creditors.The lawsuit was first filed in 2023 by the FTX estate, and the new settlement agreement will allow FTX to withdraw $175 million in digital assets held on Bybit.Of the digital assets, about $53 million in BIT tokens will be sold to Mirana Corp, an investment division of the Bybit exchange.The settlement still requires court approval and is scheduled to be decided on Nov. 20.Continue readingDenmark Tax Council recommends bill to tax unrealized crypto gainsOn Oct. 24, Denmark’s Tax Law Council recommended introducing a new bill that would result in unrealized gains and losses on crypto assets held by Danish crypto investors being taxed from as early as 2026.The council released a 93-page report on crypto asset taxes in which Danish Tax Minister Rasmus Stoklund said that Danish crypto investors had been unfairly taxed under the “capital gains tax” approach.Stoklund suggested that new rules on taxation should find a “simpler” approach when taxing crypto assets.The report leans toward “inventory taxation,” which treats investors’ portfolios as a single “inventory” to be taxed each year, regardless of whether assets had been sold.

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Ripple (XRP) Extends Custody Functionality To Fintech InstitutionsSui (SUI) Welcomes USDC On Its BlockchainCutoshi (CUTO): Trending New DeFi Coin
Smart investors continuously seek and track new and emerging opportunities to outperform the markets. They invest in the right asset at the right time to maximize potential gains and generate tremendous wealth.
Investors look for new projects in uncertain market conditions that hint at explosive growth potential. Today, we will discuss the recent developments surrounding Ripple (XRP) and Sui (SUI) and also examine a new utility token, Cutoshi (CUTO), that is catching the smart money’s attention.
Ripple (XRP) Extends Custody Functionality To Fintech Institutions
Ripple (XRP) is a private organization that connects banks and payment providers with digital asset exchanges. Ripple is expanding its finance services via a new digital asset storage service called Ripple Custody.
Ripple will allow banks and other financial institutions to securely store, manage, and transfer digital assets like crypto, fiat-based stablecoins, or real-world assets. Ripple (XRP) uses decentralized exchange to simplify and streamline low-cost asset trading with increased liquidity.
The Ripple Custody platform will utilize anti-money laundering protocols to ensure institutions comply with financial regulations. It enables asset tokenization and uses the XRP ledger to allow the secure management and transfer of digital assets.
However, unclear legal regulations in different regions poses a significant challenge to custody platforms, and creates hurdles for Ripple to develop successful relationships with banks.
Sui (SUI) Welcomes USDC On Its Blockchain
Circle has recently announced plans to integrate USDC on the Sui blockchain, which will spark significant developments for the stablecoin and Sui (SUI). Circle intends to implement the Cross-Chain Transfer Protocol (CCTP) to enhance the Sui ecosystem by enabling seamless USDC transfers across various blockchains.
The merger opens new opportunities for expanding SUI functionality. Developers can build innovative decentralized apps (Dapps) and provide financial solutions like lending platforms and payment systems within the SUI ecosystem. This collaboration will boost USDC liquidity and expand Sui's (SUI) utility.
Adding USDC may also attract institutional investors to Sui (SUI) as a stable and reliable transaction provider. This would increase credibility and trust in the Sui blockchain, encouraging more partnerships.
Cutoshi (CUTO): Trending New DeFi Coin
Cutoshi is a new utility meme coin inspired by Satoshi Nakamoto’s teachings. Cutoshi (CUTO) promotes security, privacy, and freedom in blockchain and aims to increase DeFi participation.
Cutoshi is utilizing the power of meme culture to spread awareness about the benefits of decentralization. Its platform provides various DeFi features, including the Cutoshi DEX, Cutoshi Academy, NFTs, etc. The Cutoshi DEX is a multi-chain decentralized exchange platform that allows cross-chain asset swapping among users. It reduces transaction costs and saves time by allowing multi-chain trading.
The Cutoshi Academy explains complex blockchain and DeFi concepts to newcomers in a fun and engaging way. It simplifies the educational content to a level that reduces the entry barrier for starting out in crypto.
The presale for Cutoshi’s native token, CUTO, is live and has progressed to the second stage. The current price of the token is $0.022, and it is expected to increase in the coming stages. Experts predict the listing price to be $0.4, providing a staggering 1,718.18% return on investment for early investors at this stage.