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Showing posts with the label digital asset

XRP to the moon? XRP adds $8 billion overnight

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XRP investors woke up to a very different market today. In just 24 hours, the token added $8 billion to its market capitalization, climbing from $170.8 billion to $178.8 billion. XRP price followed suit, advancing nearly 3% to $2.98. XRP 1-day market cap. Source: CoinMarketCap The activity beneath the headline figure is even more telling. Daily trading volume surged 21% to $6.5 billion, giving XRP one of the highest turnover rates among major-cap cryptocurrencies. With a circulating supply of 59.87 billion tokens, that level of liquidity points to decisive whale accumulation. On-chain analyst Ali Martinez noted that whales purchased 250 million XRP in just 48 hours, reinforcing the view that institutional-sized wallets are driving the move. 250 million $XRP bought by whales in 48 hours! pic.twitter.com/S0DZYQms7i — Ali (@ali_charts) October 1, 2025 XRP institutional lending Fresh catalysts are also at play. On October 1, Japan’s SBI Holdings launch...

XRP Reaching $4.80 Possible With Key Support

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XRP is hovering between the $2.90-$3 mark in August and remains trading sideways, struggling below its key support. After reaching an all-time high of $3.65, the altcoin headed south with sell-offs and profit bookings. Its price remains under pressure with traders fearing a major drop due to market uncertainties. It could either wipe out all its yearly gains or skyrocket in the charts, but its next course remains unknown. Source: X / CasiTrades Cryptocurrency analyst Casitrades took to X sharing a chart highlighting that XRP could reach the $4.80 level with key support. The analyst claims that the altcoin could fall to a low of $2.75 but remains above the wave 1 high around $2.65. The altcoin could bottom out at the $2.65 to $2.75 range and end its corrective wave phase. However, after the correction phase ends, Ripple’s native token has a strong chance of heading toward the $3.21 range. Also Read: Japan’s SBI Files XRP/Bitcoin ETF as 80% of Banks Adopt Ripple Tech Key Support Cou...

XRP Beats McDonald’s in Value — What Comes Next For Ripple?

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Ripple (XRP) is one of the leading cryptocurrency tokens right now. Ripple’s efforts to establish a global identity and brand are now starting to bear fruit, with XRP charting its own bullish path. Additionally, the token has now achieved a major feat by surpassing fast food chain McDonald’s in market capitalization. That being said, can XRP hit a new high price cap in the near future? If so, what is the maximum price XRP can reach? Let’s find out. Also Read: XRP Market Cap Surpasses Oil Giant Shell Ripple Beats McDonald’s in Market Cap and Valuation Source: Watcher.Guru Not a while ago, Ripple enthusiasts came across the news of XRP beating Shell, one of the leading global energy and petrochemical companies. Ripple has now added another feather to its cap by outpacing the value of McDonald’s, one of the major fast food chains globally. This development confirms the strategic rise of Ripple, as markets continue to accommodate new crypto developments and bac...

Ethereum Set to Reverse 13% Drop? Why ETH is Up Today

Ethereum (ETH) ‘s price has fallen in June, down 10% in the last 30 days and 13% in the past week alone. Despite the significant price fall, on-chain data suggests that usage and engagement have surprisingly increased in the Ether cryptocurrency. ETH has rallied 3% since Sunday morning, following recent whale accumulation and reclaiming the $2,200 level. The rebound is promising and has investors hoping that a rebound is approaching. ETH’s consistent performance in trading volume, especially during a period of broader altcoin retreat, reflects stronger investor confidence in its infrastructure and long-term relevance. Similarly, the number of unique addresses showing engagement with other chains in the Ethereum ecosystem has grown, showing promise on the network. ETH’s 14.6% weekly gain also outpaced Bitcoin’s 5.7%, signaling relative strength behind the coin. Furthermore, on-chain data shows significant institutional accumulation. An anonymous institution bought 47,070 ETH for $1...

Swiss CBDC Success Sparks Global Tokenization Rush-WFE Chief

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CBDC tokenization is gaining momentum right now as the World Federation of Exchanges praises Swiss success. The WFE has recently published a paper examining how Switzerland’s CBDC pilot could possibly accelerate global tokenization adoption and also spark institutional initiatives worldwide in the coming months. Also Read: Binance Coin Prediction: AI Reveals How High BNB Will Rise In May 2025? How Swiss CBDC Pilot Results Are Accelerating the Global Tokenization Race Source: world-exchanges.org Switzerland’s SIX Digital Exchange (SDX) has actually demonstrated CBDC tokenization benefits that are now, at the time of writing, influencing global markets. The Swiss model provides some valuable lessons for addressing market volatility and settlement efficiency in the digital asset space. Richard Metcalfe, Head of Regulatory Affairs at the World Federation of Exchanges, stated that: “The Swiss experience demonstrates the utility of efficient CBDCs to the success of tokenisat...

Ripple Announces UAE Partnership as XRP Looks to Rebound

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In what could be a massive month for the company, Ripple announced a major partnership in the United Arab Emirates (UAE) as XRP looks to start a rebound. Indeed, the company issued a press release unveiling a partnership with the Dubai International Financial Centre (DIFC). The release stated that the collaboration will “accelerate blockchain and digital asset innovation in the UAE.” Moreover, it could be the start of good news for the firm in August. Its years-long lawsuit with the US Securities and Exchange Commission (SEC) is rumored to end in the coming months. Source – PYMNTS Also Read: Ripple: Can $1000 Worth of XRP Become $1 Million in 10 Years? Ripple Unviels UAE Partnership, Can XRP Get a Much-Needed Boost? 2024 was always poised to be a huge year for Ripple. Yet, that hasn’t come to fruition yet. Although XRP had performed well throughout July, Monday’s crypto crash forced the token to take a step back. However, some good news has arrived, with th...

Bakkt shifts focus to custody services, adds support to DOGE, SHIB, other coins

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Bakkt is expanding its custody services shortly after its quarterly earnings report showed assets under custody declined 28%. Crypto firm Bakkt appears to be returning to digital asset custody as its primary business, adding support for six new coins, according to an announcement on Nov. 15.  Aside from Bitcoin (BTC) and Ethereum (ETH), Bakkt will expand its custodial support to include Bitcoin Cash (BCH), Dogecoin (DOGE), Ethereum Classic (ETC), Litecoin (LTC), Shiba Inu (SHIB), and USD Coin (USDC). The company expects to add more coins to its custodial services early next year. The custody of digital assets focus es on the safeguarding of cryptographic keys, which are crucial for accessing and transferring assets. Various security measures are employed by custodians, such as Bakkt, to protect assets, including cold storage of coins and multi-signature technology that demands multiple approvals for access. The announcement follows Bakkt's release of its quarterly earnings repo...

Namibia passes bill to regulate crypto and virtual assets

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The purpose of the legislation is to establish a framework for licensing and regulating virtual asset service providers. Namibia has joined other African nations in embracing cryptocurrencies and digital assets with the approval of a bill by the Namibian National Assembly. The bill which was passed on June 22, aims to regulate digital assets, cryptocurrencies and the providers of digital asset services within the country, signaling a positive outlook for the industry. The purpose of the legislation is to establish a framework for licensing and regulating virtual asset service providers. It also aims to designate a regulatory authority responsible for supervising these providers and their activities. The main objectives include ensuring consumer protection, preventing market abuse, mitigating the risks of money laundering, financing terrorism and proliferation activities associated with virtual asset markets. The law also covers incidental matters related to these objectives. Screens...