The bitcoin price drop to $80,000 last week reflected a mix of macro pressure, fading regulatory momentum and thinning liquidity that has tested bitcoin’s maturity.
A prominent crypto commentator known as Remi Relief has expanded on theories linking Ripple, SWIFT, and the global banking system to the long-term valuation of XRP. His post on the social media platform X came in response to a discussion initiated by well-known analyst Paul Barron, who questioned whether Ripple’s strategy has always been to bridge the increasingly fragmented world of bank-issued stablecoins. The idea brings attention to XRP’s utility in facilitating liquidity between institutional networks, with Remi Relief noting that this could push the XRP price to $1,000. The Ripple/SWIFT Dual-System Theories Remi Relief proposed that the global payment structure could split into two interconnected systems where both ultimately rely on XRP for settlement and support the cryptocurrency’s price at $1,000. The first theory proposes a revamped version of SWIFT that would retain much of its existing framework but incorporate blockchain-based assets such as XRP, XDC, HBAR, and Chainlink to achieve faster transaction speeds and improved efficiency. Despite these upgrades, it would still face skepticism from some financial institutions due to it being weaponized in the past. Related Reading: Ripple CTO Stacks XRP Ledger Against Other Blockchains, What’s The Catch? The second theory is the setup of a new Ripple-based network built in collaboration with Thunes, which would function as a more trusted and independent channel for cross-border payments. This system would be much quicker, much cheaper and more trusted by countries. In Remi’s view, both models would coexist for a time, giving banks and governments the freedom to choose based on transaction scale, cost, and reliability. However, he believes that the Ripple-Thunes system will later gain dominance and overtake SWIFT as more and more banks use that system. Regardless of which of the two theories prevails, Remi Relief pointed out that both have the potential to lead to a $1,000 XRP more quickly than most people think. Paul Barron’s Perspective On Institutional Stablecoins Paul Barron’s initial post that prompted Remi Relief’s response is based on the growing race among major banks to issue their own stablecoins. He pointed out that while SWIFT continues to promote neutral rails, banks like JPMorgan, Bank of America, Citi, and Wells Fargo are developing US-based consortium stablecoins. Similarly, European institutions such as ING and Deutsche Bank plan to launch euro-denominated versions by 2026. Related Reading: High Liquidity At This Level Could Send The XRP Price Surging Soon Barron warned that this trend toward proprietary stablecoin systems would fragment the global financial network even further and create walled gardens where each bank’s stablecoin operates in isolation. In his view, such fragmentation will bring out the original purpose of XRP, and this might have been the plan of Ripple CEO Brad Garlinghouse all along. The plan has always been to use XRP as a bridge asset capable of allowing interoperability between otherwise disconnected financial ecosystems. This function aligns with Ripple’s long-standing vision for the XRP Ledger as a neutral settlement layer for easy cross-border value transfer between different digital and fiat systems. At the time of writing, XRP is trading at $2.41 and is a long way away from trading at $1,000. Featured image from Freepik, chart from Tradingview.com
The AI gold rush may be keeping the U.S. economy afloat, but according to Deutsche Bank, its current trajectory looks anything but sustainable. A new research note from the German lender warns that AI capital expenditures have reached such extraordinary heights that they are single-handedly preventing the U.S. from tipping into recession. Deutsche Bank isn’t […]
The post Is the AI boom a house of cards? Deutsche Bank warns of unsustainable spending appeared first on CryptoSlate.
Reports have disclosed that Deutsche Bank research sees room for Bitcoin to sit alongside gold on some central bank balance sheets by 2030. The bank’s paper says that both assets can act as hedges against certain risks and that the path Bitcoin would follow mirrors gold’s slow adoption into official reserves. Related Reading: Dogecoin Warning: Double Top Formation Hints At Decline – Analyst Central Banks Could Add Bitcoin According to Deutsche Bank, Bitcoin’s market traits are shifting. Short-term volatility has fallen recently, and prices even topped $123,000 in the run-up to the report, signals the bank flagged as part of Bitcoin’s maturing profile. While gold keeps drawing strong official demand, the report says central banks may begin treating Bitcoin as a complementary store of value rather than a replacement for existing reserve assets. The Bank’s View On Gold And Money Deutsche Bank points out that gold buying by official institutions remains robust. In fact, the bank has moved its own gold forecasts higher as bullion rallies, noting demand from some countries is running well above past averages. This stronger taste for bullion is one reason the bank sees space for two scarce assets — physical gold and Bitcoin — to coexist in official portfolios. Volatility And Supply Points Based on reports, one part of the argument rests on supply dynamics. Bitcoin’s fixed maximum supply — 21 million coins — and growing institutional accumulation have tightened available market supply in recent periods. At the same time, the study notes Bitcoin’s 30-day volatility recently hit historic lows, a fact that analysts say reduces one major hurdle to reserve adoption. Still, big price swings remain possible and would be closely watched by any central bank considering a holdings shift. How Adoption Might Happen Deutsche Bank compares Bitcoin’s likely adoption path to how gold entered reserves: slowly, with legal and operational processes built around custody, accounting and valuation. Reports say the US dollar would remain dominant as the world’s main reserve currency, but some diversification into non-dollar assets could push officials to explore alternatives including Bitcoin. Related Reading: Bitcoin Is ‘Digital Capital’ That Outpaces Traditional Assets—Michael Saylor Policy And Practical Hurdles Legal and technical issues are still on the table. Custody solutions must meet the security standards central banks require. Rules in many jurisdictions would need updating to allow sovereign institutions to hold crypto. Political views will matter too; recent debates about central bank independence and rate policy have added friction to major reserve decisions, including concerns raised around actions by US President Donald Trump that some analysts say could influence monetary policy. Featured image from Meta, chart from TradingView
As investors look for alternatives to traditional assets, bitcoin could evolve from a speculative bet into a legitimate pillar of the global financial system, the bank said.
Regulatory clarity, wider adoption, and long-term investment behaviors are stabilizing bitcoin's performance, the report said.
Germany’s top banks, including Deutsche Bank and Sparkassen, are entering crypto with regulated trading and custody services by 2026.
Deutsche's prior involvement in crypto custody has largely been through Swiss custodian Taurus, of which the German bank is both an investor and a client
The AllUnity joint venture was granted a BaFin license this week to launch its MiCA-compliant euro stablecoin.
The bank is also weighing a tokenized deposit system to make payments more efficient, as regulatory clarity and pending legislation accelerate stablecoin adoption.
Stablecoins are increasingly becoming strategic assets, and support dollar dominance, the report said.
A growing number of leading crypto firms, including Circle, Coinbase, BitGo, and Paxos, are reportedly preparing to apply for banking licenses in the United States. According to sources cited by The Wall Street Journal, the firms are leveraging a wave of pro-crypto sentiment in Washington to advance their long-term plans. The report noted that each […]
The post Crypto giants Circle and Coinbase reportedly eye US banking licenses amid regulatory thaw appeared first on CryptoSlate.
Ongoing presidential backing for digital assets is a key determinant for the continuation of 'crypto's golden era,' the report said.
This week’s Crypto Biz explores Coinbase's wBTC controversial delisting, Deutsche Bank’s blockchain, USDT in Europe, FTX creditors repayment and BVNK’s move to the United States.
The banking giant is building a rollup on Ethereum using Matter Labs' ZKsync technology.
Deutsche Bank is building a layer-2 blockchain on Ethereum using ZKsync to enhance compliance in regulated finance.
The companies indicated plans to expand their partnership to the United Kingdom and other European countries in the coming months.
Singapore-based Crypto.com has joined forces with Deutsche Bank to enhance its corporate banking capabilities, marking a milestone in the exchange’s global expansion efforts. The collaboration, announced on Dec. 10, will focus on streamlining financial operations across key regions, including Singapore, Australia, and Hong Kong. Through this partnership, Crypto.com will access advanced corporate banking tools designed […]
The post Crypto.com partners with Deutsche Bank for corporate banking amid Asia expansion appeared first on CryptoSlate.
Deutsche Bank joins fellow investors Peak XV Partners, JP Morgan, Jump Trading Group, Standard Chartered, Temasek and Valor Capital Group.
Deutsche Bank joined Partior's Series B funding round as a strategic investor.Partior raised a total of $80 million in the round.Other investors in the blockchain-based clearing firm include JPMorgan, Jump Trading and Standard Chartered.
Sentiment is somewhat bearish about the near-term outlook for bitcoin, the bank's consumer survey showed.
The issuance was the company's first digital bond with fully automated settlement, building on last year's issuance on the Polygon network.
The partnership with Deutsche Bank allows Bitpanda to offer real-time inbound and outbound cash payments for German crypto traders using German International Bank Account Numbers.
The Landesbank Baden-Württemberg will start offering crypto custody services to institutional clients starting from the second half of 2024.
AllUnity, a new joint venture by DWS, Galaxy and Flow Traders, plans to issue the euro stablecoin on all major public permissionless L1s and L2s, DeFi use cases.