[PRESS RELEASE – Zug, Switzerland, May 21st, 2025]

Bitcoin Suisse, the leading Swiss crypto financial service provider, is proud to announce that its subsidiary BTCS (Middle East) Ltd. has received an In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of ADGM. This milestone represents a significant step forward in Bitcoin Suisse’s strategic expansion, reinforcing its commitment to regulatory compliance, financial innovation, and global growth. With this achievement, Bitcoin Suisse is set to expand into the Middle East, introducing a refined and client-centric approach to crypto finance.

The granting of the IPA from ADGM’s FSRA paves the way for Bitcoin Suisse to secure full licensing soon, allowing it to provide regulated crypto financial services – including trading of virtual assets, crypto securities and derivatives, as well as local custody – within the ADGM’s dynamic international financial center. ADGM is recognized as one of the most advanced and well-regulated jurisdictions. Its virtual asset framework is globally acknowledged for its comprehensive regulations, making it the largest regulated hub for virtual assets in the MENA region.

“The In-Principle approval marks an important milestone in our global expansion journey,” said Ceyda Majcen, Head of Global Expansion and designated Senior Executive Officer of BTCS (Middle East) Ltd. “It reflects our strong commitment to maintaining the highest standards of transparency, security, and regulatory compliance. Abu Dhabi, one of the Middle East’s fastest-growing financial centers, presents a compelling opportunity for growth. We look forward to working closely with the FSRA to obtain our full license and to bring our decade of experience in crypto finance to the region’s rapidly evolving digital asset ecosystem.”

Arvind Ramamurthy, Chief of Market Development Officer at ADGM, said, “ADGM congratulates Bitcoin Suisse on receiving its IPA from the FSRA of ADGM. Their expansion plans to the region to provide regulated crypto financial services within the international financial centre is a testament to the immense opportunities available within Abu Dhabi. We look forward to Bitcoin Suisse receiving their Financial Services Permission (FSP) and their contribution to ADGM’s dynamic ecosystem.”

Bitcoin Suisse has built a strong reputation as a trusted crypto financial service provider in Switzerland, offering secure and compliant crypto asset solutions for private individuals and institutional clients with its deep expertise, precision, and personal engagement. The company securely holds over USD $6 billion (AED 22.2 billion) in digital assets under custody and more than USD $2.6 billion (AED 8.9 billion) in institutional staking services, making it one of the largest providers of digital asset custody and institutional staking solutions globally.

By entering the ADGM ecosystem, Bitcoin Suisse aims to leverage the region’s progressive regulatory framework to offer its clients a robust, transparent, and fully regulated platform for its crypto financial services.

The In-Principle Approval reflects Bitcoin Suisse’s robust operational standards, commitment to risk management, and ability to meet the high standards set by regulatory authorities. As BTCS (Middle East) Ltd. advances toward full licensing, it will continue to enhance its product suite and operational capabilities to best serve its international client base.

About Bitcoin Suisse

Bitcoin Suisse is Switzerland’s leading premium crypto finance service provider. Founded in 2013 by crypto-native experts, it offers a cohesive suite of trading, staking, custody and lending services geared towards private and institutional clients. The company is headquartered in Zug and has built a team of over 200 highly qualified experts in Switzerland, Europe and the Middle East.

XRP experienced a pullback in the past week. How far will sellers take it?

XRP Price Predictions to Watch This Week

Key Support levels: $2.3, $2

Key Resistance levels: $2.6, $3

1. Pullback in Progress

After buyers failed to turn $2.6 into support, sellers took over the price action and pushed XRP into a correction that drove it south by 9% since this time last week.

This has taken the price to the $2.3 support, which appears to hold at the time of this post. If selling intensifies, then the next key support level is found at $2.

2. Momentum Shifts Bearish

The recent reversal has turned the momentum indicators bearish. This can also be seen on the daily volume, which shows multiple days in the past week closing in red. Buyers appear absent, which has encouraged selling that can extend this pullback.

3. MACD Bearish Cross

Three days ago, the daily MACD made a bearish cross. This is a significant change in the momentum and will likely keep XRP bearish in the short to medium term. If so, the support at $2.3 could fall and see the price revisit, or at least approach, $2 again.

Bitcoin’s price movements took another turn for the better over the past few hours and the asset came just inches away from painting a new all-time high but it was stopped and pushed south a bit.

Most altcoins are slightly in the green on a daily scale, as ETH has maintained the $2,500 level, while ADA is up by 2.5%.

BTC New ATH Coming?

It has been a highly volatile period for bitcoin, which, surprisingly, began over the weekend. After a dull Saturday in which its price traded around $103,000, the cryptocurrency started an impressive offensive on Sunday evening that was stopped at $106,000.

After a brief pullback, the bulls stepped up on the gas once again and pushed BTC to a new multi-month peak of over $107,000. Another violent rejection followed, and the cryptocurrency plunged below $102,500 by the end of Monday.

However, the bears couldn’t keep bitcoin down for long, and it jumped toward $107,000 on Tuesday. It couldn’t move past that level at first, but managed to do so after another brief correction. During today’s early Asian trading session, it jumped to just over $108,000 (on Bitstamp), which meant that it had come less than 1% away from a new all-time high.

However, its rise was halted once again, and BTC now trades below $107,000. Its market cap has jumped to $2.120 trillion, while its dominance over the alts is close to 61%.

TRUMP Ships

Just a day before the Trump dinner with the top TRUMP holders, the meme coin has shot up by over 11% and now trades above $14. PI follows suit in terms of daily gains (9%), and its price is up to $0.8%. Uniswap is third in line and trades above $6.35 after a 6% daily jump.

Most other larger-cap alts are also slightly in the green, led by ADA’s 2.5% increase. In contrast, HYPE is down by just over 1%, while LINK, SUI, and TRX have slipped by insignificant percentages.

The total crypto market cap has added over $50 billion in a day and is up to $3.480 trillion on CG.