The defendants were found to have used fake companies and cryptocurrency transactions to conceal the origin of the illicit funds.
Vanguard lifted its ban on crypto ETFs, and Bank of America is giving 15,000+ advisers the green light to recommend allocations of 1%–4%.
A recent XRP price analysis from a prominent supporter has placed the cryptocurrency’s long-term value in the four-figure range. Although XRP is currently trading around $2, the analyst believes a rise to $1,000 is necessary for the altcoin. His outlook stems from the cryptocurrency’s underlying utility rather than speculation, emphasizing how global liquidity systems could drive prices upward through massive settlement volumes. Why The XRP Price Needs To Climb To $1,000 Crypto analyst @unkownDLT has shared a rather ambitious price forecast for XRP this week. The analyst claims that the cryptocurrency must reach thousands of dollars to operate as a fundamental component within global settlement and collateral markets. He highlights that this bold target is not mere speculative hype but a projection of what could unfold if XRP were to serve as the backbone of global liquidity flows. Related Reading: Analyst Predicts 10x Rally For XRP Price If THis Trend Repeats @unkownDLT argues that capturing even a small share of about 5-10% of the global value transfer market would require the cryptocurrency to be worth at least $1,000 to operate efficiently. From this viewpoint, XRP’s high potential value is a necessity. Typically, trillions of dollars move across borders through banks, clearing houses, and collateral markets each day. The analyst suggests that if XRP were to serve as a bridge asset for major institutions and cross-border payment systems, its price would need to be high enough to prevent the blockchain network from running out of usable supply. In essence, a higher valuation would allow the network to handle larger transaction volumes without requiring enormous amounts of XRP for every transfer. @unkownDLT explained that a low-value asset cannot serve as an effective settlement buffer for global finance. On the other hand, a higher-value token would provide more usable liquidity and offer greater stability and lower volatility. Since its inception, XRP has had a fixed number of units, so a rise in its price is one of the few ways to scale its capacity to handle trillions of dollars in daily global inflows. XRP’s Price Discovery And True Value In a separate post, @unkownDLT revealed that XRP has yet to experience a price discovery. Currently, the cryptocurrency is in a downtrend and has consistently failed to reclaim previous highs. The analyst has set XRP’s price discovery target above $3.4, representing a 69% increase from its current price of around $2.00. He says that technical patterns do not drive this bullish target, but the emergence of new market conditions. Related Reading: The Bull And Bear Scenario For XRP That Could Play Out In November According to @unkownDLT, XRP has never traded in an environment shaped by institutional inflows, regulatory clarity, Exchange-Traded Funds (ETFs), or a global shift toward distributed ledger infrastructure. With these elements converging, he believes the next cycle will behave differently from past market cycles. The analyst has also highlighted that XRP’s true value becomes visible only when institutions require a neutral asset to settle tokenized value across interconnected networks. He described the cryptocurrency as a universal clearing layer that bridges settlement environments and enables seamless movement across digital financial systems. Featured image from Freepik, chart from Tradingview.com
Burry's critique highlights potential risks of speculative bubbles in digital currencies, raising concerns about their long-term stability and impact.
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The token outpaced broader crypto markets as volume spiked 34% above weekly averages.
Uniswap Labs integrates Revolut for crypto onboarding, allowing users to buy digital assets directly via mobile wallet and web app.
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The company also plans to sell shares to fund the repurchase of existing debt.
A clear look at Strategy’s Bitcoin model, the conditions that could trigger sales and how to understand future updates within the proper context.
Solana’s memecoin trading registered $13.9 billion in monthly volume last month, the lowest print since February 2024, when the mania hadn’t yet caught fire. At the same time, Polymarket clocked $3.7 billion in volume, its best month since launch, while Kalshi posted $4.25 billion in volume, its second-best performance. Together, the two largest prediction platforms […]
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Sonnet gets approval to merge with Hyperliquid and launch the first digital asset treasury centered on the HYPE token.
The post Sonnet shareholders approve Hyperliquid merger to launch HYPE-focused crypto treasury appeared first on Crypto Briefing.
Kraken has acquired Backed Finance, the tokenized-asset issuer behind its xStocks products, as the exchange pushes deeper into RWAs.
ABTC shares plunged by more than 50% in early trading as the broader crypto market downturn triggered a sharp repricing of mining and treasury stocks.
Bank of America is making one of its biggest moves into crypto yet. Beginning in January, the bank will let its wealth advisers recommend putting 1% to 4% of a client’s portfolio into digital assets, mainly through spot Bitcoin ETFs. Until now, Bank of America allowed clients to buy crypto on their own but did …
Paul Atkins spoke from the NYSE on Tuesday, saying that the SEC planned to unveil an innovation exemption for crypto projects ” in a month or so.”
MetaMask debuts Transaction Shield to give users added protection on verified transactions with monthly coverage up to $10,000.
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Solana exchange-traded funds debuted on Oct. 28 and performed flawlessly with inflows 21 consecutive days until the day before Thanksgiving.
Texas’ Bitcoin reserve initiative under SB 21 signals a shift in how governments may approach digital assets and how it could influence the financial system at a macro level.
Crypto hiring centered on senior product, legal and BD roles across companies with promotions at a16z, Blockchain.com and the CFTC.
The exchange has already teamed up with the Switzerland-based firm for its tokenized equity offering, xStocks.
Helping the mood in crypto were moves by institutional giants Vanguard and Bank of America to open up digital assets to their clients.
Bitcoin's role as a risk indicator highlights investor sentiment shifts, impacting market dynamics and asset allocation strategies.
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After a massive bloodbath last week, Yesterday Bitcoin dropped over 5% in a sharp sell-off that triggered more than $250 million in liquidations, its biggest wipeout this month, before recovering slightly. Sentiment across the crypto market weakened as Japan’s rising bond yields and disappointing U.S. manufacturing data put pressure on global risk assets. Meanwhile, Goldman …
The Hyperliquid digital asset treasury told the SEC in October it wants to raise up to $1 billion to fund its HYPE accumulation strategy.
Kalshi secures a massive funding boost led by Paradigm, widening its lead over Polymarket as trading volumes surge and both platforms pursue fresh capital.
Bitcoin rebounds above $90,000 as crypto markets rise more than 5% and short liquidations exceed $138 million.
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Bitcoin is showing renewed strength as the broader crypto market stages a steady rebound, with BTC now pushing toward the critical $89,000 resistance zone. This level has become the focal point for traders as momentum gradually shifts from caution to cautious optimism. After weeks of choppy action, market structure now hints at a potential short-term …
The debut marks the first U.S. ETF tied to Chainlink, which secures tens of billions of dollars in onchain value across DeFi and gaming.
Ether risks a deeper sell-off toward $2,500–$2,200 as MVRV support weakens and a bearish pennant threatens to break lower.
Canary Capital launches HBAR ETF on Vanguard platform, enabling investors to access Hedera's cryptocurrency via brokerage accounts.
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The group of 10 banks plans to introduce its euro stablecoin next year under a new Dutch entity named Qivalis.