$2.4 Million Bitcoin by 2030?! + CME Group to Launch XRP Futures

FBI Reports $9.3 Billion in Crypto Fraud Losses in 2024, with Elderly Americans Hit Hardest

The FBI received over 149,000 crypto fraud complaints in 2024, totaling $9.3 billion in losses. This represents a 66% increase from 2023. Cryptocurrency-related scams, including investment fraud and extortion, have become a major threat, with elderly Americans aged 60 and above suffering the largest losses—over $2.83 billion. The report also noted that California and Texas were the hardest-hit states. The FBI emphasized the growing dangers of crypto investment scams, particularly “pig butchering,” and warned that regulatory challenges remain a significant factor in combating such frauds.

👉CHECK OUT BB PREMIUM

CME Group to Launch XRP Futures Contracts in May, Expanding Derivatives Offering for Clients

CME Group announced that it will introduce XRP futures on its derivatives platform next month, offering both micro and standard-sized contracts. This move reflects growing interest in XRP and its blockchain, as institutional and retail adoption increases. Giovanni Vicioso, CME Group’s global head of cryptocurrency products, highlighted the demand for regulated derivatives to manage risks in the evolving digital asset landscape. XRP, currently the fourth-largest cryptocurrency, recently traded at $2.19 per coin.

Federal Reserve Withdraws Crypto Guidelines, Leaving Oversight to Banks and Awaiting Congressional Action

The Federal Reserve has scrapped its previous crypto-related guidance, joining the FDIC and OCC in removing policies that required banks to seek pre-approval for engaging in digital asset activities. The move shifts responsibility for managing crypto risks back to individual banks’ compliance teams and signals a broader regulatory reset. The Fed stated the change aligns with evolving risks and supports innovation, while crypto supervision will now occur through standard oversight procedures. The banking sector now awaits legislative clarity from Congress on how the digital assets industry should be regulated in the U.S.

👉CHECK OUT BB TERMINAL

ARK Invest Raises Bitcoin Bull Case Target to $2.4 Million by 2030, Citing Institutional Demand and Scarcity

ARK Invest has updated its long-term Bitcoin forecast, projecting a bull case price of $2.4 million by 2030 — up from $1.5 million — based on increased institutional adoption, emerging market demand, and Bitcoin’s limited active supply. The new target implies a ~72% CAGR from the end of 2024. ARK’s base and bear case scenarios are $1.2 million and $500,000, respectively. The report highlights Bitcoin’s role as “digital gold,” expecting it to capture 60% of gold’s market cap, and notes additional upside from corporate treasury use, nation-state interest, and on-chain financial infrastructure growth.

Resources:

ARK Invest

federalreserve.gov

ic3.gov