A spokesperson for the Democratic National Committee decried the move as “an opportunity to use the power of the presidency to make [Trump] and his family even richer.”
Markets love to celebrate the first sign of stability. The data, however, isn’t always as enthusiastic. While Bitcoin continues trading in the low $60,000 range this June, Binance’s USDT liquidity suggests the market may be stabilizing rather than preparing for a full-fledged recovery, per an analyst. The world’s largest crypto exchange currently holds approximately $41.2 …
Three major Japanese banks—MUFG Bank, Mizuho Bank, and Sumitomo Mitsui Banking Corporation—plan to begin live commercial transactions using a jointly issued stablecoin during fiscal year 2026. The banks have signed a memorandum of understanding to establish a council that will oversee governance, operations, and infrastructure planning. The initiative matters because it represents a significant step …
The CLARITY Act, the crypto industry’s biggest bill in Congress, is losing momentum just weeks after clearing a key Senate committee, raising the risk that Washington’s first major digital asset rulebook slips deeper into an election year. Galaxy Digital lowered its estimate that the CLARITY Act will become law in 2026 to 60% from 75%, […]
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Ripple’s possible public listing has returned to the conversation after SBI Holdings CEO Yoshitaka Kitao gave one of the clearest long-range timelines yet from a major Ripple shareholder. Yoshitaka Kitao, the CEO and President of SBI, one of Japan’s largest financial conglomerates, made remarks that have since resonated with members of the XRP community. Speaking about his long-term investment intentions, Kitao stated he is willing to pour in $626 million at the lower end and $1.25 billion at the upper end into Ripple when the payments technology company goes public. SBI CEO Says Ripple Needs To Go Public The question of whether Ripple Labs will ever trade on a public exchange has followed the company for years, although Ripple’s executives have been consistent in cooling expectations regarding an IPO. Related Reading: Ripple’s Move To Privacy: How A Re-organization Of The XRP Ledger Will Affect The Network While speaking at a recent conference in Tokyo, Japan, Kitao said that when Ripple Labs goes public, he plans to invest heavily in the company. According to his remarks, the company would be willing to put in ¥100 billion or even ¥200 billion at once to fully complete everything. Interestingly, the SBI Holdings CEO added that he believes Ripple will probably go public in about 12 years, while also saying that Ripple needs to go public. That timeline places the possible listing outside the current cycle, as it points to somewhere around 2038. The comment matters because Kitao is not a distant observer and not an XRP commentator trying to predict the next catalyst for an XRP price surge. SBI has been one of Ripple’s most consistent backers, and its relationship with the company stretches back to 2016. SBI invested in Ripple Labs and later co-founded SBI Ripple Asia, a joint venture focused on using Ripple’s technology for cross-border payment services in Asia. SBI has also publicly disclosed that it holds approximately 9% of Ripple Labs, making it one of the company’s largest external shareholders. The Firm Has Always Resisted The IPO Talk Comments regarding a Ripple IPO have followed the company for years, especially after its legal battle with the US Securities and Exchange Commission officially ended in 2025. Ripple has also grown as a company into custody, stablecoin infrastructure, real-world asset tokenization, and acquisitions. Related Reading: Here’s How XRP Is Making Its Next Major Push Into The Trillion-Dollar Wall Street However, Ripple executives have also noted that the company is not rushing into an IPO. For instance, Ripple CEO Brad Garlinghouse dismissed talks of an IPO last year, saying the company does not need outside funding. Ripple President Monica Long also said in January 2026 that Ripple still planned to stay private, explaining that the company’s balance sheet gives it enough room to keep growing without raising capital from public markets. This position also fits with Ripple’s recent private-market strength, as Ripple had raised $500 million at a valuation of about $40 billion in late 2025. Featured image from Pxfuel, chart from Tradingview.com
Bitcoin dropped to around $61,500 in recent days, its weakest level in roughly four months, and Peter Schiff wasted no time connecting that slide to a broader argument he has been making about stablecoins. Related Reading: Bitcoin Faces Pressure As Investors Rotate Capital Into AI Buildout: Saylor A Stablecoin On The Move Tether’s USDT has already climbed to a market capitalization of nearly $188 billion, according to data from DeFiLlama, closing the gap with Ethereum to just under $26 billion. Schiff, the economist and longtime Bitcoin critic, says the numbers point to an inevitable outcome. “The market cap of Tether will soon surpass the market cap of Ethereum,” Schiff wrote on X. “It will eventually surpass the market cap of Bitcoin, too. The only question is how long it will take.” USDT has become a dominant tool for moving money across crypto markets, and its reach now extends into payments, remittances, and digital dollar transfers — a trend he says supports his case. USDT holds a one-dollar peg, setting it apart from Bitcoin and Ethereum, and that stability makes it the go-to choice for users who want to move money without taking on price risk. The market cap of Tether will soon surpass the market cap of Ethereum. It will eventually surpass the market cap of Bitcoin too. The only question is how long it will take. — Peter Schiff (@PeterSchiff) June 4, 2026 Not His First Warning Schiff has been sounding alarms about Bitcoin for years. His latest comments include a prediction that BTC could eventually fall below $20,000, which would represent a drop of roughly 80% from its October 2025 peak near $126,200. He has also pointed to weakness in tech stocks as a pressure point for Bitcoin, noting that the crypto asset has relied on the broader tech rally for support. “It looks like the correction in tech stocks has finally begun,” Schiff said. “As tech stocks sell off, Bitcoin should crash. Gold will likely head in the opposite direction.” Bitcoin recently suffered a sharp hourly decline of more than $2,000, briefly touching $61,460, as selling pressure spread across the market and triggered over $1 billion in leveraged liquidations. USDT’s Growing Reach Reports indicate Ethereum’s position as the second-largest crypto asset is now under pressure from a stablecoin rather than another blockchain competitor. At current figures, USDT would need to grow by roughly 15% to pull ahead of Ethereum, while matching Bitcoin’s $1.28 trillion market cap would require a far larger expansion of nearly seven times its present size. Related Reading: Bitmine Seeks $300M Raise To Accelerate Ethereum Accumulation Strategy Schiff’s prediction has drawn attention not just for its boldness but for its timing, arriving as stablecoin adoption continues rising and crypto markets face renewed turbulence. Whether the prediction holds up remains an open question, though the narrowing gap between USDT and Ethereum suggests the first part of his forecast may not be far off. Featured image from Unsplash, chart from TradingView
Ethereum has added $102.4 billion in stablecoin supply over the past three years, bringing its total to roughly $158–177 billion, according to Token Terminal data. The network now hosts about half of the global stablecoin market tracked by DeFiLlama. Tron ranks second, adding $43.1 billion in stablecoin supply and reaching approximately $90 billion, largely driven …
Ripple’s global payments narrative may be gaining fresh momentum as one of its key partners, Thunes, unveils a new development that could further strengthen cross-border settlement infrastructure. As the demand for faster, cheaper, and more efficient international payments continues to rise, strategic partnerships like Thunes play a crucial role in expanding real-world utility across the XRP ecosystem. Thunes Expands Its Role In The Global Payments Ecosystem A recent announcement from Thunes could significantly strengthen XRP’s position in the global payments landscape. Analyst XFinanceBull on X has revealed that the company has officially launched real-time payment capabilities in the United States through a direct connection with a Tier 1 financial institution, enabling access to ACH, Same-Day ACH, and all real-time payment rails. Related Reading: Key Volume Signals Are Driving XRP Momentum Amid Market Uncertainty The development comes as Thunes continues to strengthen its international footprint. Thunes holds 50 Money Transmitter Licenses, allowing it to operate across every US state and territory, mirroring Ripple’s regulatory reach. Both companies now independently have institutional-grade access to US clearing systems. Thunes network already spans 140 countries, supports 90 currencies, and connects to more than 12 billion mobile wallets, stablecoin wallets, and bank account endpoints. Following its expanded partnership with Ripple in September 2025, Thunes integrated blockchain and digital asset technology into its direct global network, leveraging Ripple payments to enhance its SmartX Treasury System. Meanwhile, Thunes has plugged real-time US settlement into the same network that uses the Ripple blockchain payments infrastructure and XRP as a bridge asset. Over 140 countries can now send money to the US through rails connected to Ripple technology. Ripple payments have near-global coverage with over 90 payout markets processing more than $70 billion in volume. This integration gives XRP a direct pathway into Tier 1 US banking through a partner that holds licenses in every state. Institutional Interest Fuels XRP Ledger’s Next Phase Of Growth The XRP Ledger real-world asset (RWA) ecosystem officially surpassed $3 billion in tokenized value in April. According to an analyst known as BankXRP on X, the incredible insights shared by Luke Judges, Partner Director at RippleX, at Istanbul Blockchain Week, break down exactly where the momentum is heading for real-world asset tokenization. Furthermore, the $3 billion milestone is driven by a highly diversified mix of assets, underscoring Ledger’s expanding institutional utility across multiple segments of finance. Related Reading: Ripple’s Early Banking Ally Now Connected To X Money Expansion Looking ahead, the next big wave of growth is expected to center around cash and cash-equivalent assets. Money market funds and US Treasury bills, alongside tokenized equities, are being viewed as prime targets for infrastructure disruption. The broader vision is moving toward a globally distributed financial system where regulated assets can trade seamlessly across asset classes through a unified order book. Featured image from Peakpx, chart from Tradingview.com
MoneyGram has launched MGUSD, a U.S. dollar-backed stablecoin on the Stellar blockchain, for users in the United States. Integrated directly into the MoneyGram app, MGUSD allows customers to hold digital dollar balances and make cross-border transfers. Issued by Bridge with support from M0 and Fireblocks, the stablecoin expands MoneyGram’s long-standing partnership with Stellar. The launch …
Tether’s market capitalization fell by more than $1.1 billion in a single day, marking its largest recorded decline. The drop has sparked renewed debate about the role of stablecoins in providing liquidity to cryptocurrency markets. Some market observers argue that shrinking stablecoin supply could reduce trading activity and put pressure on digital asset prices, including …
Cardano’s total stablecoin market cap has climbed to roughly $54.88 million, a 15% jump from where it stood in early March 2026. That figure captures just how quickly liquidity has been building on the network over the past several weeks. Related Reading: Bitcoin Faces Prolonged Downtrend Through 2027, Analyst Warns USDCx Drives the Surge Circle’s USDCx now commands the largest share of Cardano’s stablecoin market at 45.20%, with USDM at 26.90%, USDA at 15.45%, and DJED at around 5.90%. Data from Cexplorer shows that nearly 8 million USDCx were minted within just the last two days of the reporting period. According to Messari data, Cardano recorded a 61% rise in stablecoin market cap over the past seven days — the highest among major blockchain networks tracked during that period. Polygon came in second at 36%, followed by World Chain at 10.3%, HyperEVM at 7.4%, and XDC Network at 3.5%. Source: Messari Net stablecoin flow for the current epoch on Cardano has reached approximately $8.55 million. Reports indicate that around $9.57 million worth of stablecoins were minted during this stretch, while roughly $1 million were burned. A Gap That Still Remains The minting surge has been concentrated in USDCx, which is Circle’s on-chain representation of USDC on the Cardano blockchain. That product has seen consistent minting activity throughout the week, with activity accelerating in the final two days. Despite the momentum, Cardano has not yet secured a direct integration of a Tier-1 stablecoin such as Circle’s native USDC or Tether’s USDT. Cardano founder Charles Hoskinson has raised this point repeatedly, saying that such an addition would significantly strengthen the network’s DeFi activity and liquidity depth. Related Reading: Unknown Wallet Destroys $8.5 Million In Bitcoin In Shocking Burn What The Numbers Reflect The figures point to rising on-chain activity across the Cardano ecosystem, even as the network continues working toward deeper stablecoin infrastructure. Analysts generally treat stablecoin inflows as a signal of expanding financial activity and wider DeFi adoption on a given chain. Cardano’s one-week performance puts it well ahead of the other networks in Messari’s rankings for stablecoin market cap growth. Whether that pace holds will likely depend on how quickly new stablecoin integrations and minting activity continue across the ecosystem. Featured image from Unsplash, chart from TradingView
SoFi Technologies has launched its U.S. dollar-backed stablecoin, SoFiUSD, inside the SoFi app for its 14.7 million members. Users can now buy, sell, hold, and convert the stablecoin directly through the retail banking interface. SoFi said the launch marks the first stablecoin issued by a U.S. nationally chartered bank to be integrated into a consumer …
Tether announced plans to launch GEL₮, a stablecoin tied to Georgia’s national currency, in partnership with the Georgian government. The project aims to bring faster payments, cheaper transfers, and programmable financial services to the region using blockchain infrastructure. Georgia has also introduced a regulatory framework designed to align with emerging U.S. stablecoin rules, including the …
Kraken sent 56 million tax forms to the Internal Revenue Service last year. Nearly a third covered transactions worth less than a dollar. More than 75% were for trades under $50. Those numbers, cited by the crypto exchange last month, have added weight to a growing call in Congress to rethink how small digital asset transactions are taxed in the United States. Related Reading: Crypto Access To Banks In Focus After Trump’s New Executive Order A Study, Not An Exemption A bipartisan group of House lawmakers introduced a bill Tuesday that takes a first formal step toward addressing that burden. Called the Digital Asset Protection, Accountability, Regulation, Innovation, Taxation and Yields Act — or PARITY Act — the legislation does not create a tax break for small crypto transactions. What it does is direct the Treasury Department to examine whether one should exist, and to report back within 180 days on what relief it can offer under its current authority. Innovation should create opportunity for everyone, not just those already ahead. The Digital Asset PARITY Act modernizes the tax code for the digital age, creates clearer rules, and ensures emerging financial tools help expand financial inclusion and pathways to wealth. It is… pic.twitter.com/44B8mpEQLl — Rep. Steven Horsford (@RepHorsford) May 19, 2026 The bill also calls for a study on how much paperwork small crypto transactions generate for taxpayers, and on the total number of transactions under $200 that get reported to the IRS each year. The Treasury would also be asked to outline what resources the IRS would need if a de minimis exemption were eventually passed into law — and what kinds of fraud or abuse such an exemption might invite. Republican Representative Max Miller, one of the bill’s sponsors, said the US tax code has not kept pace with how fast digital assets have grown. “As America continues to lead the world in innovation, our tax code has failed to keep pace with the rapid growth of digital assets and modern financial technology,” Miller said in a statement. What Else The Bill Covers The PARITY Act carries over a section from an earlier draft that would treat regulated payment stablecoins like cash for tax purposes. Under that provision, no gains or losses would be recognized on stablecoin transactions unless the cost basis of those tokens falls below 99% of their redemption value. The bill also seeks to apply wash sale rules to crypto — a change that would close a loophole that stock investors are not allowed to use but crypto traders currently are. Related Reading: Zcash Soars 88% In 30 Days: Is ZEC The Stealth Winner Of This Crypto Cycle? Democratic Representatives Steven Horsford and Suzan DelBene joined Miller and Republican Rep. Mike Carey in introducing the bill. Horsford had previously released a discussion draft of the legislation back in March. A Race Against The Clock Miller told Bloomberg Tax he believes the bill can pass before this Congress wraps up. That deadline falls in January, after the November midterm elections in which every House seat will be contested. Featured image from Getty Images, chart from TradingView
The idea of XRP trading at $589 may sound unrealistic at first, but the rationale behind it is not based on a normal crypto rally. Instead, it is based on a scenario where the XRP Ledger becomes part of high-value delivery-versus-payment settlement at the DTCC/CLS layer, with the altcoin acting as the liquidity asset behind large institutional transactions. Meanwhile, under that model, $589 is the level XRP would need to reach to support about $73 trillion in annual settlement flow with limited slippage. The Transactions That Cannot Be Made Smaller To understand the $589 figure, one must first understand the category of transaction it is designed to accommodate. Also, the $589 XRP calculation starts with the assumption that the XRP Ledger achieves delivery-versus-payment adoption at a layer comparable to the Depository Trust & Clearing Corporation (DTCC) and Continuous Linked Settlement (CLS). Related Reading: Analyst Says XRP Path To $100 Is Not Straightforward, These Things Will Happen First Under this scenario, the token would be used for large obligations that cannot be easily netted, broken into smaller parts, or settled through multiple layers. These transactions can range from about $500 million to $10 billion per ticket. There are many corridors that fall under these transactions, and this model breaks it into six corridors. DTCC net settlement is assigned about $15 trillion at 20% capture; SWIFT cross-border settlement is assigned about $21 trillion at 14% capture and FX derivatives net settlement is assigned about $12 trillion at 12% capture. Furthermore, repo and FICC atomic settlement is assigned about $5 trillion at 10% capture, nostro displacement is assigned about $9 trillion at 33% capture, and stablecoin settlement is assigned about $11 trillion at 33% capture. This comes to a total of $73 trillion in annual volume passing through the XRP Ledger. The Square Root Market Impact Model Produces $589 XRP In order for XRP to serve as the bridge asset absorbing these flows, it must be deep enough that something like a $2 billion ticket can settle without moving its price beyond the 5 basis points of slippage that institutional FX desks treat as standard. Related Reading: ‘XRP Was Never Designed To Be Cheap,’ So What Is Its Real Value? The $589 figure comes from an inverted version of the square root market impact law. The model uses a $2 billion ticket size, $73 trillion in annual volume, 0.5% volatility, 5 basis points of slippage tolerance, 1.36% turnover, and a 25 billion XRP liquid float. Furthermore, the liquid float assumption excludes escrowed XRP, ETF-held XRP, treasury-held XRP, and inactive wallets. Under that setup, the required market cap comes out near $14.7 trillion. Dividing that required market cap by 25 billion liquid XRP gives a required price of about $589. Hence, the calculation is very different from a simple market cap comparison using the full circulating supply. The current circulating supply of XRP is about 61.82 billion XRP, which is much larger than the assumed 25 billion liquid float in the model. This means the $589 outcome depends on only a smaller portion of XRP being truly available for active settlement liquidity. At the time of writing, XRP is trading at $1.37. Featured image from Getty Images, chart from Tradingview.com
With the US Digital Asset CLARITY Act inching closer to becoming law, many investors and supporters are eager to know how it could shake things up for XRP. A crypto analyst has broken down the specific sections of the bill that could directly impact XRP, Ripple, and its stablecoin RLUSD. These key parts touch on XRP’s status as a commodity, its role in banking infrastructure, and potential yield opportunities for investors. What The CLARITY Act Means For XRP In a recent X post, pseudonymous crypto analyst @Whiplash437 outlined the exact sections of the CLARITY Act that could have the biggest impact on XRP. He started with Section 105, which defines digital assets and supports classifying blockchain-based cryptocurrencies as commodities. Related Reading: The CLARITY Act Is Not The Only Win For XRP, Here Are Other Wins For Ripple According to the analyst, this section matters because it could pull cryptocurrencies out from under the tight, strict grip of the Securities and Exchange Commission (SEC) and place them firmly under the jurisdiction of the Commodity Futures Trading Commission (CFTC). @Whiplash437 noted that Section 105 could build a legal shield around XRP by turning Judge Analisa Torres’ earlier ruling, that XRP’s secondary market sales are not securities, into permanent federal law. He then moved on to Section 110, which requires digital commodity exchanges, dealers, and brokers to register for Anti-Money Laundering (AML) purposes and comply with the Bank Secrecy Act (BSA). The section also introduces the concept of “mature blockchains,” a classification that would fall under CFTC oversight. @Whiplash437 described this part of the bill as a test, noting that the XRP Ledger (XRPL) has already passed the mature blockchain criteria. He touted the blockchain’s growth, noting that XRPL has had 13 years of zero downtime, executed over 90 million transitions, and boasts globally placed decentralized validators. The analyst also said that this section would officially qualify XRP as a digital commodity under the CFTC. How The Bill Could Affect Ripple And RLUSD Beyond XRP, @Whiplash437 also highlighted sections of the CLARITY Act that could be a big win for Ripple and RLUSD once the bill is passed. He pointed to Section 401, which focuses on how financial institutions handle digital assets. Related Reading: Bitcoin And XRP Climb On CLARITY Act News—But Clear Path To Law Isn’t Done Yet Under this section, the analyst said US banks, credit unions, and financial holding companies would be allowed to use digital assets for payments, custody, clearing, and settlement. He also noted that this part of the bill will effectively unlock the entire American banking sector to Ripple’s infrastructure and the XRP Ledger. Finally, @Whiplash437 also flagged Section 404, which bans yield payments on just holding stablecoins. The analyst stated that despite the restriction, the bill still allows crypto users to earn activity-based rewards through staking, governance, and loyalty programs. He believes this policy will play a key role in shaping how RLUSD is offered across the US markets. Featured image from Freepik, chart from Tradingview.com
Recent on-chain data indicate the Binance exchange has registered a high volatility in stablecoin inflows in recent days. This observation can be linked to the general market’s choppiness during this period, driven by Bitcoin’s price movements. Pseudonymous reknown analyst Darkfost has shared some insights on this erratic flow in stablecoin flows and its potential implications. Related Reading: Bitcoin Struggles Below Resistance While Fibonacci Support Comes Into Focus Positive Stablecoin Flows Lack Structural Support – Here’s Why In a QuickTake post on May 16, Darkfost highlights recent developments in market liquidity amid the uncertainty shaping broader asset prices. Notably, stablecoin netflow on Binance surpassed $1.5 billion on May 14, signaling a surge in capital ready to enter the market. Tether’s USDT accounted for the majority of these flows, with the ERC20 USDT variant emerging as the most prevalent. In the days prior to May 14, Darkfost notes that Binance has been dominated by stablecoin outflows, registering a $1.3 billion net outflow on May 12 alone. Therefore, the upside swing represents an attractive shift in dynamics. Due to their fixed value, stablecoins widely serve as a primary medium of exchange for crypto traders. As a result, rising stablecoin reserves typically signal an increase in readily deployable capital for investment, while declining reserves indicate a reduction in available liquidity. According to Darkfost, the recent surge in stablecoin netflow might be encouraging; however, it’s worth noting that there is no structural basis for this setting. This is because the stablecoin liquidity movement is erratic, moving in response to market price fluctuations rather than long-term conviction. The analyst noted that investors were largely bullish as Bitcoin approached $82,000 on May 14, which led to a rise in stablecoin deposits. However, chart data from above shows a substantial drop in netflows after prices retested $80,000 on May 15. To confirm a long-term bullish intent, it is imperative that the stablecoin demand becomes more stable, translating into consistent positive netflows. Related Reading: XRP Leverage Expansion Raises Risks Near $1.50 Resistance – A Big Move May Follow Bitcoin Price Prediction At the time of writing, Bitcoin trades at $78,200, down 4.57% on the weekly chart after failing to reclaim the $82,000 price zone. Meanwhile, the asset’s daily trading volume stands at $26.82 billion, down 29.95%. According to CoinCodex data, market sentiment has turned bearish as Bitcoin’s Q2 rally faces stiff resistance. However, the analysts at CoinCodex are predicting a resilient market, with price targets of $85,155 in five days and $80,062 in a month. Featured image from ETF Stream, chart from Tradingview
A $75 million loan backed by nearly half a billion dollars worth of a company’s own tokens is now at the center of a Senate push to get regulators involved in the Trump family’s crypto operations. The Loan That Raised Questions World Liberty Financial, the crypto project tied to US President Donald Trump and his family, reportedly used around $440 million worth of its WLFI governance tokens as collateral to borrow money through Dolomite, a decentralized lending platform. Related Reading: XRP Records Biggest Spike In Network Usage In 2 Months The transaction produced roughly $65 million in the company’s own USD1 stablecoin and another $10 million in USDC. What made the deal stand out was the timing. Regular investors who held WLFI tokens were still locked in — blocked from selling — while the transaction went through. Shortly after, the token’s price dropped nearly 10% to a record low. Senator Elizabeth Warren sent a letter to SEC Chair Paul Atkins on May 14 asking the agency to look into whether World Liberty Financial misled investors or broke securities laws tied to the WLFI token. Warren set a response deadline of May 26. WARREN ASKS SEC TO INVESTIGATE WORLD LIBERTY FINANCIAL Senator Elizabeth Warren (@SenWarren) sent a letter to SEC Chair Paul Atkins (@SECPaulSAtkins) on Thursday, urging the agency to investigate whether World Liberty Financial (@worldlibertyfi), the Trump family’s crypto… pic.twitter.com/q9usPJxD6n — BSCN (@BSCNews) May 14, 2026 The Crypto Issue: A Lopsided Structure The senator’s concerns go beyond the loan. According to reports, Trump-affiliated entities stand to collect 75% of all WLFI token sale proceeds after expenses. The investors who bought those tokens, by contrast, faced strict restrictions on when they could sell. Warren’s letter cited reports that the company raised close to $715 million through token sales, while the Trump family’s total crypto-linked wealth connected to the project reportedly crossed $1 billion. The Trump family currently holds roughly 22.5 billion WLFI tokens through an entity called DT Marks DEFI LLC. Warren has been pushing for tighter investor protections as Congress reviews broader digital asset rules under the proposed CLARITY Act, one of the largest crypto-focused bills in US history. Warren’s Political Moves Fall Short During a recent CLARITY Act markup session, Warren introduced amendments specifically targeting the Trump family’s involvement in crypto markets. Related Reading: Is Zcash The Next Bitcoin? Investors Rush Into The Privacy Coin Narrative Those amendments were voted down along party lines. The broader debate over crypto regulation continues, with the Warren letter adding pressure on the SEC at a moment when the agency is navigating both political crosswinds and calls from the industry for clearer rules. Whether Atkins, who is widely viewed as friendly to the crypto sector, will take formal action remains to be seen. Featured image from Unsplash, chart from TradingView
CharuSan XRP, a market analyst, believes the XRP price could rise immediately to $300 once banks begin using it as a global settlement asset. The analyst framed this high price as a basic requirement for XRP to function as a global payment rail, not a speculative move. Furthermore, CharuSan noted that people who believe Ripple’s stablecoin RLUSD could serve as a settlement layer instead of XRP are completely missing the point, citing supply dynamics to support his claims. XRP Price Forecasted To Jump To $300 After CLARITY Act In an X post this week, CharuSan predicted that XRP could rise to $300 shortly after the Digital Asset CLARITY Act is passed. If this happens, he believes that banks will begin adopting XRP globally, increasing demand for the token and likely fueling a price surge as more capital flows through it. Related Reading: XRP’s 1,220% Spike, What’s Going On And Who’s Driving The Growth? CharuSan argued that anyone who believes that XRP will only reach $5 or $10 does not understand how banking infrastructure works, comparing that mindset to viewing banks as separate grocery stores. He pointed out that Ripple, the largest holder of XRP, has already partnered with major infrastructure providers such as Volante, ACI, Worldwide, and FINASTRA. These institutions do not operate independently but serve thousands of institutions at the same time, acting as a single large network with a vast number of banks linked to it. Because of this, CharuSan said Ripple does not need to sign individual contracts with every bank. He noted that the moment the crypto company links to the central cloud, every bank tied to that system would instantly gain access to XRP’s liquidity. CharuSab also pushed back on the idea that it would take years for XRP to reach a significant market value, arguing that those who believe this fail to understand how fast the software world is. As a payment system, the analyst said that XRP, priced at just $10 to $20, would be like trying to move an ocean of water through a small straw. He said a much larger pipe is needed to handle that volume. He noted that as XRP’s price increases, so does its ability to handle large-scale global transfers at much greater speed. Analyst Argues XRP, Not RLUSD, Will Be Used By Banks Responding to crypto members who pushed back against his claims, CharuSan noted in a separate post that many XRP holders and critics “have no clue” what volatility, liquidity, slippage, bottlenecks, or On-Demand Liquidity (ODL) really mean. He argued that they are unaware of the roles of major banks and payment providers such as JPMorgan Chase, Mastercard, the DTCC, ACI, Volante, and others. Related Reading: XRP At $21.5 Isn’t A Bet: Why This Analyst Says A Measured Move Is Coming The analyst stated that many people keep claiming that, rather than XRP, Ripple’s stablecoin RLUSD will be used for global bank transfers. He fired back against these claims, highlighting that RLUSD cannot handle trillion-dollar DTCC transfers or 0.10% of the 13,000 global banks with a supply of just 1.5 billion. He said that XRP, which has a circulating supply of over 61.7 billion tokens, is more positioned for this role. In terms of market value, CharuSan said that a high XRP price is mathematically necessary to prevent volatility and bottlenecks in the global financial system. Featured image from Freepik, chart from Tradingview.com
XRP investment products witnessed a notable spike in inflows last week. CoinShares data shows that XRP products attracted $39.6 million last week, a 1,220% jump from the modest $3 million recorded in the previous week. The move came as digital asset investment products posted their sixth straight week of inflows, bringing in $857.9 million across the market. The broader tone was helped by improving sentiment around the CLARITY Act, especially after lawmakers reached a compromise on stablecoin yield rules. Spot XRP Inflows Jump 1,220% CoinShares’ latest weekly flow data shows XRP-based exchange-traded products received $39.6 million in inflows last week, compared to only about $3 million in the prior week. That is a 1,220% increase in seven days and brings XRP’s year-to-date flow to $191 million. XRP’s assets under management also climbed to about $2.56 billion, placing it among the strongest non-Bitcoin crypto investment products in the latest report. Related Reading: Pundit Says XRP At $1,000 Is Nothing Big, The Real Value Is Much Higher Bitcoin still dominated the market with $706.1 million in weekly inflows, while Ethereum recorded $77.1 million and Solana brought in $47.6 million. However, those numbers mostly reflect the larger size of their markets. XRP’s move is much more notable because it shows a sudden change in allocation behavior. Investors who had only been adding small amounts to XRP products in previous weeks stepped in with much larger sizes, pushing XRP ahead of most altcoin products outside of Ethereum and Solana. Interestingly, the regional flow data shows that the United States was the main pipeline of last week’s rebound. US-based products recorded $776.6 million in inflows, a 1,530% recovery from the previous week’s $47.5 million inflows. Germany followed with $50.6 million, Switzerland added $21.1 million, and the Netherlands recorded $5 million. XRP’s Growing Institutional Infrastructure The inflows into XRP-based products came during a period of wider inflow into crypto products. However, there were a few significant developments last week that helped contribute to a positive institutional narrative around XRP and Ripple’s entire ecosystem. Related Reading: XRP History Is About To Repeat Itself And Price Could Rally 1,008% To Cross $10 Most notably, Ripple announced the successful completion of a pilot tokenized US Treasury settlement on the XRP Ledger with JPMorgan, Mastercard, and Ondo Finance, processing the redemption in under five seconds. This event, which is part of the rapid growth in tokenized real-world assets, was enough to increase bullish sentiment surrounding the Ripple and XRP ecosystems. The pattern of institutional demand is also becoming more durable. April had already been the strongest monthly inflow period of 2026 for US-listed XRP ETF products, and last week’s surge suggests that momentum has carried into the new month. The CLARITY Act is also one of the biggest reasons behind the sudden improvement in fund flows across the entire market. The United States Senate Banking Committee has unveiled the draft text of the CLARITY Act, and a vote is scheduled to be held on May 14. Featured image from Adobe Stock, chart from Tradingview.com
The Senate Banking Committee’s crypto market structure bill is heading into CLARITY Act markup with more than 100 proposed amendments. This is turning a long-delayed vote on the CLARITY Act into a test of whether a fragile stablecoin compromise can survive pressure from banks, Democrats, and crypto industry groups. The final number of amendments has […]
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A senior White House official has accused major banking trade leaders of refusing to join earlier talks on stablecoin rewards, escalating a dispute that has become one of the final pressure points ahead of the Senate Banking Committee taking up the CLARITY Act this week. In a May 11 post on the social media platform […]
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Tether has frozen roughly $515 million worth of USDT across TRON and Ethereum over the past 30 days, according to BlockSec’s USDT Freeze Tracker. The blacklist action affected 371 wallet addresses, including 329 on Tron and 42 on Ethereum. Most frozen funds were located on Tron, totaling about $506 million, while Ethereum accounted for approximately …
US banks are mounting an aggressive lobbying effort to stall the CLARITY Act, even as key US lawmakers signal a fast-tracked timeline to put the bill on the president’s desk before July 4. The legislative clash centers on the Digital Asset Market Clarity Act, a sweeping regulatory framework that cleared the House with bipartisan support […]
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The BNB price is sitting below the spotlight that has surrounded Bitcoin, Ethereum, and Solana in recent months, but a new technical outlook suggests that this quiet phase may be exactly where the larger setup is forming. Crypto analyst Crypto Patel has predicted that BNB could be one of the biggest trades of the cycle, with a long-term chart target reaching as high as $12,000. BNB Is Repeating A Multi-Year Breakout Structure Most of the industry’s attention has been locked in the constant competition between Ethereum and Solana, but BNB has been quietly assembling a multi-layered technical and fundamental case that crypto analyst Crypto Patel believes points to a price target of $12,000. Related Reading: BNB Price To Break $3,000? Crypto Trader Shares Game Plan For 500% Rally The $12,000 projection is bold, especially with BNB trading around $626. However, the Fibonacci structure on Crypto Patel’s BNB chart tells a longer story that supports this projection, alongside a few fundamental factors that are live on the BNB chain. The 3-week candlestick chart maps BNB’s full price history from its 2018 lows around $1.41, through the 2021 blow-off top above $662, and into the current price action. According to this setup, BNB is currently moving just above a broad support zone between roughly $300 and $600, with the analyst labeling the area as the best accumulation zone. The setup also includes Fibonacci retracement levels around $657 and $417 within the support zone. The outlook here is a bounce from any Fibonacci level that sends the BNB price to new all-time highs. The chart projects three upside targets from this base: Target 1 at $2,112, Target 2 at $5,000, and Target 3 at $12,000. At the time of writing, BNB is trading at $626.5. Therefore, a move to $12,000 from the current price would require an increase of 1,895%. BNB Chain Is Quietly Pulling In Tokenized Finance Giants A major reason behind Crypto Patel’s $12,000 price prediction is based on what is currently going on within the BNB Chain. Notably, recent updates have placed the BNB Chain in a position that is no longer termed only as a retail chain. Related Reading: XRP Vs. Dogecoin ETFs: Which Of These Has Performed Better In April? Crypto Patel pointed to the presence of major tokenized finance products on BNB Chain, including BlackRock’s BUIDL, Franklin Templeton’s BENJI, and VanEck’s VBILL as examples. BNB Chain’s institutional finance page confirms that BlackRock’s BUIDL has been live on BNB Chain since 2025 through Securitize, providing qualified investors on-chain access to tokenized US dollar yields. The same institutional page also lists Franklin Templeton’s OnChain US Government Money Fund, BENJI, as part of the network’s tokenized finance stack Other fundamentals supporting ultra-bullish BNB price targets include the launch of the first 2x leveraged BNB ETF approved in the US, over 30 public companies building BNB treasury plays, over 31 million daily transactions, 40% of global stablecoin volume, and pending Spot BNB ETF applications from firms including VanEck and Grayscale, among a few others. Featured image from Adobe Stock, chart from Tradingview.com
The CLARITY Act is moving toward its next procedural test after Senate negotiators released compromise language on stablecoin rewards last week, raising expectations that the Senate Banking Committee could take up the measure as soon as the week of May 11. Alex Thorn, head of research at Galaxy Digital, said the release of text from […]
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Tether minted $1 billion worth of Tether USDt on the Tron network, increasing total supply to nearly $189.6 billion. The mint reflects fresh liquidity entering the market, typically tied to incoming fiat deposits. While some traders view it as bullish, the real impact depends on how the funds are deployed. Recent issuance trends show Tether …
Two Democratic senators, Elizabeth Warren and Ron Wyden, have launched an inquiry into Commerce Secretary Howard Lutnick over alleged financial ties between Tether and a trust linked to his children. Lawmakers are seeking loan documents to examine possible conflicts of interest and whether policy decisions could be influenced. The probe matters because it could affect …
Western Union’s decision to build on Solana isn’t just another stablecoin integration, but a signal that the foundations of global payments may be starting to shift. For decades, Western Union has been synonymous with cross-border money movement, built on a network of intermediaries, settlement layers, and regional constraints. Behind the surface, this move suggests a potential shift in how global payment infrastructure is being built, upgraded, and ultimately replaced. How Solana Could Fit Into The Future Of Global Money Movement Western Union’s decision to build USDPT on Solana is more than just another stablecoin headline; it’s a signal that the role of stablecoins is moving from crypto narrative to real payment infrastructure. The CEO of MEXC and Honorary Chairman of MVenturesLabs, Vugar Usi, has pointed out on X that for years, stablecoins have mainly been seen as trading tools, and were a way for traders to move capital faster, manage liquidity, and reduce friction in crypto. Related Reading: Solana Prepares For The Quantum Era: Foundation Details Step-By-Step Transition However, when a global remittance giant begins building a dollar-based payment token on SOL, the narrative shifts from trading utility to real-world infrastructure. This is no longer about traders optimizing capital flow, but about real-world settlement, treasury management, and cross-border payments operating on new rails. Furthermore, it’s about replacing slow, fragmented financial rails with infrastructure that operates seamlessly in the background. In Vugar Usi’s view, SOL is validated as a payment rail, and stablecoins as a real financial infrastructure. Thus, exchanges should be ready with liquidity, access, education, and simple user journeys. For platforms like MEXC, this shift carries clear implications, because adoption does not always arrive loudly. Sometimes, it arrives through better rails, faster settlement, and fewer reasons for users to care about the backend. If these rails disappear, that’s when crypto will win. Is Solana Entering The Kind Of Zone Where Reversals Begin? Solana is going through one of those moments that tend to define the market cycle. Crypto analyst Robert revealed that SOL price has taken a severe hit, down 71% from its 2025 all-time high (ATH). At the same time, Solana’s Net Unrealized Profit/Loss (NUPL) is sitting deep at 0.67 in full capitulation territory, a level that typically reflects that holders are sitting on heavy unrealized losses. Related Reading: Solana Foundation President Explains Why SOL Is Built For Unified Liquidity Data from Fidelity Investments suggests that historically, similar conditions have preceded strong rebounds, with a median of over 516% the following year. Meanwhile, they’re quick to emphasize the limitations of a small sample size, weak correction, and that past performance may not repeat itself. On the bright side, network usage is rising, with monthly active addresses up 50%, new addresses growing over 35%, and stablecoin flows are holding steady. However, this shift shows that real utility is building even as the price is down, but on-chain activity tells a more resilient story. Featured image from Freepik, chart from Tradingview.com
Crypto pundit SMQKE has shared an important thing that XRP holders have to remember when it comes to the altcoin’s price. He alluded to the token’s historical price appreciation and noted that XRP is better positioned to record more significant gains following Ripple’s recent acquisitions. What To Remember About XRP’s Price In an X post, SMQKE reminded XRP holders that the token delivered nearly 350x returns between 2017 and 2018, while Bitcoin and Ethereum gained 14x and 100x, respectively, during that period. He noted that this means XRP’s price increase was roughly 24x steeper than Bitcoin’s. Related Reading: XRP Ledger Hits New RWA Milestone, But Will This Have Any Impact On The Price? The pundit remarked that this occurred before Ripple completed any of its major institutional acquisitions, with XRP recording those gains simply due to early network momentum. Now, the fundamentals are believed to be more bullish as Ripple has completed strategic acquisitions of over $3 billion since 2017 to build institutional-grade infrastructure. SMQKE stated that these key moves include Ripple’s 2023 acquisition of Metaco for $250 million, which now provides bank-grade custody used by G-SIBs. In 2024, the crypto firm acquired Standard Custody, which is a New York-regulated trust services provider. Most of its acquisitions came last year, which have been bullish for XRP. Ripple acquired Hidden Road, which is now Ripple Prime, for $1.25 billion. SMQKE noted that this is a prime brokerage that clears trillions annually. Ripple also acquired the stablecoin payments platform Rail, the corporate treasury management platform GTreasury, and the wallet and custody provider Palisade last year. The pundit stated that these acquisitions create a much stronger foundation for durable price appreciation in XRP. He also alluded to the potential integration of XRP into SWIFT, FedNow, and DTCC. Based on this, SMQKE remarked that the altcoin’s past returns may have only been a preview of what its future network value could become. Why Price Is Still Low SMQKE alluded to a statement from former Ripple executive Marcus Treacher, who noted that XRP isn’t a speculative currency but rather a long-term play for the future. He highlighted how the altcoin could grow massively in value over the long term as a result of what Ripple is building with XRP. Related Reading: XRP OI Z-Score Just Dropped To Levels Seen Before Its 600% Rally In 2024 Treacher noted that transforming how payments work worldwide is a big deal and that once they achieve this with the XRP Ledger, everything else will start to fall into place. Meanwhile, SMQKE mentioned that news doesn’t move prices and that utility does. As such, he suggested that the focus should be on expanding XRP’s use cases and that the price will rise significantly as the altcoin continues to gain adoption. At the time of writing, the XRP price is trading at around $1.39, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com