Pakinomist – Pakinomist has compiled an overview of the top three news stories of the weekend.
Spot XRP ETF to be approved this year, according to top analyst
In a recent X post, prominent ETF analyst Nate Geraci shared a list of his 10 crypto ETF predictions for the year 2025. Among his insights related to leading cryptos such as and , Geraci included a prediction regarding XRP, suggesting that a spot-based XRP ETF will receive approval this year. As reported by Pakinomist, president Monica Long recently stated that XRP would be next in line to get a spot ETF approved by the SEC after Bitcoin and Ethereum. Several XRP ETF applications are currently pending from firms such as WisdomTree, Bitwise, Canary Capital and 21Shares. However, BlackRock (NYSE: ) has ruled out pursuing additional altcoin ETFs for now, despite the success of its Bitcoin ETF.
US Congressman Reveals XRP, SOL and BTC Holdings
Rep. Guy Reschenthaler (R-Pa) recently disclosed his crypto purchases. According to data provided by quiverquant.com, the purchases include XRP, (SOL) and Bitcoin (BTC), each in the $1,000-$15,000 range. Other lawmakers, such as Mike Collins (R-Ga), have also disclosed their investments, with Collins purchasing Ski Mask Dog (SKI) earlier this year. Barry Moore (R-Al) and Jeffrey Jackson (D-NC) have also previously reported significant crypto transactions. Meanwhile, the US Senate plans to establish a dedicated committee on digital assets, led by Senator Cynthia Lummis (R-Wyo), known for her ambitious Bitcoin purchase bill. The US House Ethics Committee requires lawmakers to disclose cryptocurrency holdings above $1,000 in 2018. Previously, US lawmakers’ cryptocurrency transactions were unknown, as disclosure rules for stocks and bonds did not cover the fledgling asset class.
8.32 Trillion in 24 Hours, Open Interest Soars
On Friday, January 10th, Shiba Inu saw a rally, with Open Interest (OI) rising over 36% in 24 hours as the price surpassed $0.0000211. According to CoinGlass, 8.34 trillion SHIB, worth $181.45 million, were opened in outstanding derivatives contracts, reflecting increased investor interest amid recent price volatility. The Gate.io exchange dominated the OI numbers, accounting for over half of the total transactions, while Bitget and OKX followed in second and third place. This price rebound can be attributed to significant token burning activities, where 21,709,094 SHIB tokens were removed from circulation. Analysts suggest that with SHIB approaching an oversold state, the asset could be primed for further price increases, generating interest among investors and traders. However, at the time of publication, SHIB is trading at $0.00002018, down 6.97% over the last 24 hours, per CoinMarketCap.
