Mastercard Makes Surprise XRP Ledger Move

Payments Mastercard has joined an upcoming XRPL hackathon in New York as a sponsor.  The New York-headquartered firm will participate in the 36-hour XRP Ledger Hackathon that is scheduled for Oct. 24–25.  The event will bring developers to New York to build and launch projects on the XRP Ledger ahead of Swell. The much-awaited Ripple conference will take place the following week.  The hackathon includes four tracks focused on protocol innovation, agentic finance, lending and borrowing.  Teams with existing projects have also been encouraged to add XRPL functionality.  Mastercards relations with Ripple  Mastercards relationship with Ripple has gradually expanded over the past year.  In November 2025, Ripple announced a collaboration with Mastercard, WebBank and Gemini that revolves around Ripples RLUSD stablecoin. The partnership came after Gemini launched an XRP edition of its Mastercard credit card last August.  The card allows customers to earn rewards in XRP, including up to 4% back on some purchases.  Mastercard subsequently took another major step toward blockchain-based settlement. In June 2026, the company said its network would support settlement with regulated stablecoins including Ripples RLUSD. The company also listed the XRP Ledger among the blockchain networks.  Mastercard‘s relationship with Ripple predates the RLUSD settlement plans. In 2023, Ripple was selected as one of the initial

08-27Industry

Bitcoin to $300,000 Is Possible Only If Quantum Problem Is Solved: Charles Edwards

Investment bank Bernstein today released a major report forecasting Bitcoins rise to $150,000 by mid-2027 and $300,000 by 2029, driven by the sovereign debt crisis and institutional demand.  However, Capriole Investments founder Charles Edwards argues that this historic scenario is realistic only if Bitcoin Core developers implement quantum-resistant cryptography in time.  According to his estimates, fear of this threat is already artificially depressing the assets current price by 30%, creating a hidden “risk discount.”  Institutional funds, which provide the capital inflows in Bernsteins model, are extremely sensitive to protocol security. Analysts have previously warned that between 20% and 30% of all existing BTC is directly exposed to Shors quantum algorithm. This includes early-era wallets, including Satoshi Nakamotos coins, whose public keys are exposed on the blockchain.  This month, the Ethereum Foundation already revised its Layer 1 protection plan, abandoning the vulnerable Poseidon2 function in favor of SHA-256 and BLAKE, with an upgrade targeted for 2029.  Bitcoin Core developers are currently discussing BIP-360, which proposes post-quantum addresses based on the ML-DSA algorithm, and the more radical BIP-361, which would forcibly freeze vulnerable legacy coins five years after the upgrade. To accelerate this work, Galaxy Digital allocated $5 million through its Bitcoin Quantum Readiness initiative.  Whats Bitcoins fair

08-27Industry

Stablecoin compliance could decide institutional winners: Aquanow CEO

Stablecoin compliance could determine which issuers win institutional adoption as new US accounting and regulatory rules raise standards for redemption, reserves and risk controls, according to Aquanow CEO Phil Sham.  The Financial Accounting Standards Board issued a proposal on Aug. 18 that would clarify how the existing definition of cash equivalents applies to certain digital assets, including some stablecoins.  The proposal does not classify every stablecoin as cash. Instead, it focuses on qualifying assets with characteristics such as price stability, liquid reserves, and contractual rights allowing holders to redeem directly with the issuer for cash on demand.  FASBs proposal arrived one day after the US Treasury requested public comments on rules for implementing Section 3 of the GENIUS Act. Together, the two measures could reduce accounting uncertainty while raising the compliance threshold for issuers seeking institutional adoption in the US.  Phil Sham, CEO and co-founder of digital asset infrastructure provider Aquanow, told crypto.news that accounting recognition could remove a meaningful barrier for financial institutions. However, he said it would not automatically make stablecoins equivalent to bank deposits or other traditional cash holdings across every part of an institution.  Stablecoin accounting could remove treasury friction  Classifying qualifying stablecoins as cash equivalents could make them easier for companies

08-26Industry

Why this XRP ETF could drift from XRP price as fees, trading costs and fund structure stack up

REX-Ospreys XRP ETF held 40.25% of its assets in the CoinShares Physical XRP ETP on Aug. 24, routing $22.87 million of a $56.68 million portfolio through another listed product. That structure means XRP ETF fees and trading costs can stack up across two listed products. The same holdings snapshot reported 59.74% as XRP, with 4.7 million XRPR shares outstanding, a $12.09 net asset value and a $12.06 closing price.  Related Asset XRP #5 XRP · $1.39 24-hour change: down 5.06% 24H Down 5.06% 7D Up 32.13% 30D Up 27.44%  That split is not evidence that the CoinShares position lacks XRP backing. CoinShares says its product is 100% physically backed. Nor should XRPRs XRP line be read as proof that the parent fund directly owns every token: its February shareholder report consolidates a Cayman subsidiary used for XRP exposure.  Related Company CoinShares Digital asset investing platform  The allocation is consistent with XRPRs disclosed mandate. Its June 30 prospectus says the fund seeks to keep at least 80% of assets in XRP and instruments providing XRP exposure, while investing at least 40% in securities such as ETFs and non-U.S. exchange-traded products. At 40.25%, the CoinShares sleeve sits just above that floor.  How XRP ETF fees stack up

08-26Industry

Ripple's RLUSD Surpasses $2 Billion Milestone Amid XRP Buzz

RLUSD has continued to draw attention across the crypto ecosystem after its issuer, Ripple, confirmed that the stablecoin has surpassed a major milestone.  Per data provided by CoinMarketCap, RLUSD has crossed $2 billion in market capitalization, sitting at $2,091,648,295.05 as of August 26, following a modest increase of 0.66% over the last 24 hours.  RLUSD supply on XRP Ledger nears 1 billion  While the stablecoin was only launched in December 2024, RLUSD has continued to gain traction, hitting major milestones within just months of its emergence.  Following this milestone, Ripple further revealed that nearly 1 billion of the total RLUSD supply has been issued on the XRP Ledger. This suggests that its strong network growth has also contributed to the rising activity around the stablecoin.  In a recent post discussing RLUSDs rapid growth, Ripple mentioned that the stablecoin was designed with real-world utility and enterprise use cases in mind, drawing interest from both retail and institutional users.  Nonetheless, the steady expansion in the RLUSD market capitalization is attributable to Ripples relentless efforts to boost the stablecoins presence across payments, liquidity, and institutional applications.  RLUSD and XRP gaining market buzz  While the massive RLUSD milestone was reached last week, it has arrived at a time when the broader Ripple

08-26Industry

Big XRP Imbalance: Why 72% ETF Inflow Spike Fails to Lift Price

The current decline in XRP has clearly exposed the most common misconception lately — exchange-traded funds (ETFs) do not control the tokens price; they merely confirm its status. The real price moves are still generated in the spot market.  While inflow data continues to set records — in just 24 hours, from Aug. 24 to Aug. 25, daily net inflows into spot XRP ETFs jumped 72%, rising from $13.88 million to $23.87 million, while the funds total assets under management reached an all-time high of $1.46 billion — the actual price on exchanges is moving in the opposite direction.  US spot XRP ETF inflows and net assets vs spot price. Source: SoSoValue  On Wednesday, XRP corrected to $1.3783, losing about 4% over the past 24 hours.  This paradox proves a simple truth: ETFs do not move the price of XRP. They can stabilize it, smooth out volatility, or reflect institutional interest, but they do not act as a growth driver.  If not ETFs, who is actually moving the price of XRP?  The real trend is now being dictated by on-chain activity, which is attempting to digest the end of a massive 20-month depression. Unlike passive, methodical ETF inflows, the real fuel behind XRPs recent rally of

08-26Industry

XRP Leads Crypto Pullback as Leverage Unwind Tests Rally

In briefXRP fell 6.23% over 24 hours, the steepest drop among the top 10 cryptocurrencies by market capXRP still leads the pack with a 35.55% rally over the past week.The daily chart shows XRP retesting the $1.40 zone that flipped from resistance to support during last weeks breakout, with the daily chart flashing short setups.  Crypto markets are digesting a big week. Bitcoin cleared $80,000 for the first time in months on Tuesday before cooling toward the $78,000 zone on Wednesday, and traders are bracing for tonights core PCE inflation data and Nvidias earnings report, the two catalysts likely to set the tone heading into Jackson Hole.  Risk appetite has broadly improved this month, but not every token is riding the wave evenly. XRP, in particular, is giving back a chunk of its own rally faster than the rest of the market.  Myriad: XRP next price move? Click to make your prediction.  XRP is down 6.23% over the past 24 hours to around $1.38, the worst showing among the ten largest cryptocurrencies by market cap, according to CoinMarketCap data.  Thats a sharp reversal for a token that was, until this week, the markets standout: XRP is still up 35.55% over the past seven days, trailing

08-26Industry

XRP Price Rally Cools Off: Where Will It Go Next?

Ripple XRP trades at $1.43 today (August 26), down -3.3% over the last 24 hours, according to CoinGecko data. Thats a modest pullback compared to the near-43% weekly surge that pushed the token into overbought territory.  The move capped off one of XRP‘s strongest weekly performances among large-cap tokens, with CoinStats putting the token near $1.4419 before the latest dip. CoinMarketCap’s technical desk flagged XRPs Relative Strength Index near 87, firmly overbought, while noting the token is holding its 23.6% Fibonacci retracement at $1.52 as initial support after the run-up.  Derivatives desks are watching a large Wintermute short position that only pays off if XRP collapses toward $10, a bet that says more about long-dated skepticism than near-term direction.  Zoom out and the setup looks less like a fresh breakout and more like an attempted escape from a months-long range. XRP spent much of the summer defending $1.00 as a psychological floor, yet repeatedly failed to clear resistance near $1.18–$1.20. Whether this rally has legs likely comes down to the weekly close.  Can XRP Price Hold $1.42 Support This Week?  $XRP IS APPROACHING THE BUY WALL‼️  At $1.43, XRP is trading within a tight band that has been compressed since the weekly high. Volume has thinned

08-26Industry

State of Solana Dashboard: Real-Time Solana Analytics Tool

DeFi Development Corp. has pulled back the curtain on a new tool meant to make the Solana blockchains inner workings visible to anyone with a browser. The Nasdaq-listed company, known by its ticker DFDV, just launched the State of Solana dashboard, a real-time analytics platform hosted at stateofsol.com that pulls together network health data, staking figures, and market activity into one continuously updating view. It arrives at a moment when the company is also navigating a mixed quarterly earnings report and pushing forward with two new Solana-linked financial products.  Key takeawaysDeFi Development Corp. launched the State of Solana dashboard, a real-time analytics tool tracking Solanas network health, staking, and ecosystem activity.The company holds roughly 2.29 million SOL tokens, worth about $222 million, as part of its treasury strategy.Q2 2026 revenue reached $3.314 million, up 66.9% year-over-year, but the company posted a net loss of $27.3 millionfor the quarter.DFDV introduced a new metric, SOL Per Share (SPS), targeting 1.0 SPS by December 2028.Two new products, DFDVxand dfdvSOL, are in development to bridge tokenized equity and liquid staking.  DeFi Development Corp Launches State of Solana Dashboard  The State of Solana dashboard gives investors and developers a single reference point for tracking how the Solana network

08-26Industry

MSTR holders just funded a $1.59 billion cash pile that may never become Bitcoin

Strategy, the Bitcoin treasury company formerly known as MicroStrategy, raised $2.0065 billion by selling common shares from Aug. 17 through Aug. 23 and bought no Bitcoin. The transaction left its $1.59 billion USD Cash balance at the center of a wider capital-allocation contest.  Related Asset Bitcoin #1 BTC · $78,498.92 24-hour change: down 0.67% 24H Down 0.67% 7D Up 15.49% 30D Up 20.78%  The company sold 18,261,118 shares of MSTR, its common stock, then used $136.4 million to repurchase 1,431,212 shares of STRC, a variable-rate preferred stock. It transferred another $300 million to its separately designated USD Reserve. The remainder, $1.5701 billion, went into USD Cash, according to Strategys Aug. 24 filing.  Related Company Strategy Business intelligence software  Strategy reported ending balances of $5.10 billion in the reserve and $1.59 billion in USD Cash. Those balances included expected proceeds from ATM shares that had not yet settled. The company held 840,447 BTC after making no Bitcoin purchase or sale during the week, with an aggregate cost of $63.36 billion and an average cost of $75,385 per coin.  The two dollar accounts serve different purposes. The USD Reserve remains designated for preferred dividends and interest on outstanding debt. USD Cash is flexible: Strategy may use it

08-26Industry
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