In today's crypto news, Circle's chief strategy officer, Dante Disparte, refuted reports regarding the company seeking a US federal bank charter. Instead, he emphasized Circle's commitment to complying with upcoming US regulations for payment stablecoins. In a noteworthy prediction, ARK Invest has elevated its potential Bitcoin price to $2.4 million by 2030, bolstered by anticipated increases in institutional investment and Bitcoin's status as 'digital gold.' ARK has also adjusted its bear and base case predictions to $500,000 and $1.2 million, respectively. Analyst David Puell highlighted a possibility for Bitcoin to capture up to 60% of gold's market cap by 2030. Additionally, the Chicago Mercantile Exchange Group has announced the launch of XRP futures contracts set for May 19, indicating an increasing trend toward crypto-focused financial products gaining institutional acceptance. This move follows the SEC's review of various cryptocurrency-related applications, signifying a shift in market dynamics.

Source 🔗