XRP Exchange Net Wallet Flows Flip Negative for First Time in a Year

$XRP activity on Binance recorded an important directional change in June, as wallet behavior moved more toward withdrawals.  Specifically, the Binance exchanges 7-day net depositing and withdrawing wallet count fell from +26,200 on June 7 to -6,210 on June 30, according to on-chain data sourced by market resource CryptoQuant.  For context, this represents a 32,410-wallet swing over 23 days, which pushes Binance from a period where deposits dominated into one where more wallets are taking $XRP off the exchange than sending it in.  $XRP Exchange Net Wallets | CryptoQuant  Notably, June 30 marks the first negative reading since July 9, 2025, when the figure only dropped to -1,350. The current level of -6,210 is about 4.6x deeper, indicating a much stronger move toward withdrawals than previously seen.  Across other exchanges, withdrawals now appear to outweigh deposits as well, suggesting that fewer participants are moving $XRP onto trading platforms. However, Binance still stands out, as the platform remains the only major exchange with a deeply negative net-wallet reading.  What the Data Can and Cannot Confirm  Despite the shift in net wallet flow on Binance toward negative readings, the metric has its limits. It tracks the number of wallets moving $XRP, not the amount being transferred. As a result,

07-04

Tim Draper denies moving Bitcoin, reiterates $250,000 BTC prediction

Billionaire investor and longtime Bitcoin bull Tim Draper has denied moving his Bitcoin after blockchain analysts linked him to a large $BTC transfer to Coinbase Prime.  “Havent touched my $BTC,” Draper told Cointelegraph on Friday, adding that he still expects Bitcoin to reach $250,000 within one year.  The statement came after blockchain analytics platform Lookonchain reported Thursday that a wallet “possibly linked” to Draper had transferred 1,000 Bitcoin worth about $62 million to Coinbase Prime, citing data from Arkham.  The case highlights both the growing role of blockchain analytics in tracking large crypto transfers and the challenges of independently confirming wallet ownership.  Draper bought nearly 30,000 $BTC in 2014  Draper is best known in the crypto community as one of Bitcoins earliest high-profile investors, having won a US Marshals Service auction for nearly 30,000 Bitcoin seized by US authorities from Silk Road-related holdings in 2014.  According to Forbes, Draper paid about $18.7 million, or roughly $632 per Bitcoin, for the holdings, now worth about $1.9 billion.  Arkham labels the wallet involved in the transfer as “Tim Draper?”, indicating a tentative attribution, but does not publicly explain the basis for the classification.  Source: Arkham  The wallets transaction history shows several interactions with Coinbase Prime over the past year, including a

07-04

Why Brazil's Central Bank Wants to Classify Stablecoins as Electronic Monetary Instruments

Central Bank of Brazil pushes for electronic money regulation for stablecoins  The debate around stablecoins is taking shape in Brazil, and the central banks opinion offers an insight into what might happen and how these tools might be considered in upcoming regulation.  In a recent hearing on Tuesday within the Congress Economic Development Committee, the central bank revealed its position, stressing that stablecoins should be considered electronic monetary instruments, a posture rejected by most of the crypto industry.  Fábio Araújo, consultant for the Department of Regulation of the Financial System (Denor), which assesses the central bank on regulatory issues, argued that stablecoins are different from other assets, such as Bitcoin, and that their regulation should also differ.  Araújo claimed that digital assets, including bitcoin and ether, constitute unique assets and offer mechanisms that guarantee scarcity, transferability, and verifiability by themselves.  “With stablecoins, its different… a stablecoin should be considered a real-world asset and, more precisely, when it presents characteristics compatible with means of payment, it should be understood as a form of monetary instrument,”he stressed.  While this opinion is not definitive or conclusive, it defines the central banks stance on the subject as Congress prepares to consider Bill 4308/2024, introduced in 2024 by Deputy Aureo Ribeiro

07-04

Coinbase CEO Says AI Has Turned Engineers Into “Super Builders” Shipping 10x More Code

Coinbase CEO Brian Armstrong says his company has become one of the most AI-enabled businesses in the world, and the results are showing up in how much product its engineers are shipping.  “Were in the age of the super builder,” Armstrong said, describing how AI has transformed what individual engineers at Coinbase can accomplish. He added that the company is now shipping twice as much code overall, with some engineers becoming what he called ten-times contributors who teach best practices across teams.  Reacting to the same, a user said that former Coinbase employees now working at other crypto companies have described Coinbase as being far ahead of everyone else when it comes to integrating AI into its engineering culture.  Cutting AI Spend While Usage Grows  Armstrong also shared how Coinbase has managed to nearly halve its AI spending even as token usage has grown exponentially. The approach comes down to three techniques rather than friction-based controls or budget alerts.  The first is smarter model routing, which automatically directs each task to the cheapest model capable of completing it well. The second is aggressive caching, which eliminates redundant outputs when the same query appears repeatedly. The third is a deliberate shift toward cheaper open-weight models for

07-04

Australian Lawmaker, White House Official Report XRP Holdings in Financial Filings

$XRP has appeared in two separate political financial disclosures from Australia and the United States.  Specifically, Australian federal lawmaker MP Sally Sitou and White House official Ian Kelley both reported holdings of the digital asset in their official filings. The disclosures have attracted attention in the crypto community. Interestingly, one filing lists $XRP as the only cryptocurrency owned by the official.  Australian MP Lists $XRP as Only Crypto Holding  Australian Labor MP Sally Sitou disclosed ownership of $XRP in the Australian Parliament‘s Register of Members’ Interests. The filing describes the asset as “Crypto currency (Ripple)” held through Australian exchange CoinSpot.  The disclosure shows $XRP as Sitous only cryptocurrency investment. The filing does not list Bitcoin, Ethereum, or any other digital assets.  Australian Labor MP Sally Sitous $XRP disclosure  Sitou also reported investments in physical gold through ABC Bullion and a large portfolio of traditional stocks and exchange-traded funds. Her Australian holdings include companies such as:TelstraCochlearCommonwealth BankBHPFortescueAGL  She also disclosed several Vanguard ETFs covering Australian, international, Asian, and high-growth markets. The filing further lists U.S. stocks, including AMD, Meta Platforms, Qualcomm, Costco Wholesale, General Electric, GE Vernova, and Aecom.  White House Official Reports $XRP in Coinbase Wallet  Separately, Ian Kelley, White House War Room Director and Special Assistant to the

07-04

Bollinger Bands creator eyes Bitcoin bear-market end, 'W'-shaped reversal

Bitcoin (BTC) is completing a “perfectly fractal” reversal pattern that a well-known analyst hopes could end the bear market.  Key points:Bitcoin is on the final leg of what could become a major “W”-shaped reversal pattern.John Bollinger suggests that its success could “break” the downtrend in place since October 2025.Institutional interest slowly returns as newly reclaimed $60,000 holds.  John Bollinger hints BTC price “W” reversal could break bears  In X posts on Friday, John Bollinger, creator of the Bollinger Bands volatility indicator, eyed a “W”-shaped double bottom on BTC/USD.  “$BTC has seen a series of bullish patterns broken, evidence of the power of the downtrend,” he commented.  “Will this W be the one that breaks the trend?”  “W”-shaped reversals involve two swing lows with a rejected rebound in between, with price ultimately breaking through that rejection level to form a new uptrend.  Bollinger uploaded a chart showing how neatly the current setup aligns with the lower band of the Bollinger Bands indicator on daily time frames.  “Note that it is perfectly fractal. The are small ws at the nadirs and a small m at the apex,” he added, also pointing to a “W” on the weekly chart.BTC/USD one-day chart with Bollinger Bands. Source: John Bollinger/X  Bollinger has been bullish on

07-04انڈسٹری

UK's bold new crypto rules promise to unlock global trading, but huge compliance hurdles still threaten the rollout

The U.K.s Financial Conduct Authority (FCA) unveiled its cryptocurrency regulatory framework this week, winning early praise for taking an internationally connected approach, but industry participants said significant questions remain before Britain can establish itself as a global crypto hub.  The FCAs package of rules creates a framework that preserves access to global liquidity through overseas trading venues and allows non-U.K.-issued stablecoins to circulate, various industry participants have highlighted.  “The publication of the FCAs final crypto rules is a major milestone for regulatory clarity and a strong outcome for the U.K.s competitiveness in digital asset innovation,” Katie Harries, Coinbases head of policy for Europe, said in a Telegram message.  Also, FCAs new measures around global liquidity and non-domestic stablecoins contrast with what many industry participants view as the more protectionist approach set out by the European Unions (EU) Markets in Crypto-Assets (MiCA) regulation, which effectively encouraged firms to ring-fence European operations and liquidity.  Particularly, FCAs new Qualifying Cryptoasset Trading Platform (QCATP) model should allow overseas exchanges to serve U.K. customers through locally authorized branches connected to existing global trading infrastructure, according to Christopher Collins, a financial markets and regulation partner at Katten Muchin Rosenman.  “The benefit of such an approach is allowing access for U.K. customers

07-04

Binance and Coinbase Ready for Huge Cardano Upgrade

According to recent ecosystem data, the layer-1 blockchain is approaching full readiness for the V11 hard fork, which has been officially dubbed “van Rossem.”  Major cryptocurrency exchanges, including industry giants Binance and Coinbase, have already signaled their operational readiness.  The much-anticipated upgrade is essentially ready to go, but it still needs to receive the final sign-off from the Constitutional Committee (CC).  The “van Rossem” hard fork?  The upgrade has been named after the late Max van Rossem, and it is meant to honor his substantial contributions to building the Cardano community and developing its governance structure.  Technically, V11 is categorized as an “intra-era” hard fork. This means developers can introduce new features and optimize the protocol without moving to a new blockchain era (this makes it possible to minimize protocol disruptions).  According to Cardano ecosystem contributors, the hard fork will introduce cheaper smart contracts, ZK-ready cryptography, as well as some new built-in functions.  The van Rossem hard fork is supposed to act as a bridge to Cardanos next Dijkstra era.  Full readiness  The van Rossem hard fork requires the decentralized approval of multiple independent actors.  The network has already successfully executed the hard fork on its Preview and Preprod testnets to make sure that it is stable enough for a

07-04

Crypto.com Hires Former Barclays and LSEG Executive to Lead Institutional Expansion

Cryptocurrency exchange Crypto.com has appointed Iskandar Vanblarcum, a former executive at the London Stock Exchange Group (LSEG) and Barclays, as its new managing director. The move signals the exchanges intensified push to attract institutional investors and expand into emerging sectors such as prediction markets and tokenized real-world assets (RWA).  A Strategic Hire for Institutional Growth  Vanblarcum‘s background spans traditional finance and capital markets infrastructure. At LSEG, he held roles focused on market structure and institutional client relationships, while at Barclays, he worked within the investment bank’s electronic trading and markets divisions. His experience is expected to help Crypto.com bridge the gap between traditional finance and the digital asset ecosystem.  The exchange has been actively building out its institutional offerings, including custody solutions, over-the-counter (OTC) trading, and prime brokerage services. This hire aligns with a broader industry trend of crypto platforms recruiting seasoned professionals from legacy financial institutions to enhance credibility and operational sophistication.  Focus on Prediction Markets and Tokenized Assets  According to a report from The Block, Vanblarcum will be specifically tasked with driving Crypto.coms future businesses in prediction markets and tokenized real-world assets. Prediction markets allow users to trade on the outcome of future events, such as elections or economic indicators, and have gained

07-04

What is Robinhood's New L2 Blockchain?

Robinhood Chain is Robinhoods (@RobinhoodApp) own Ethereum Layer 2 blockchain, and its public mainnet went live on July 1, 2026. It is built to move tokenized stocks, DeFi products and AI-driven trading onto a network that connects straight into Robinhoods app and self-custody wallet. The company switched it on at a London keynote called “The World is Flat,” and HOOD stock climbed more than 8% after the event.  The more interesting part is what is not new here. Under the branding, Robinhood Chain is a fairly standard Layer 2. The story is less about the technology and more about who is pushing millions of users toward it.  What is Robinhood Chain built on?  Robinhood Chainruns on Arbitrums Orbit technology, the same stack behind many custom Layer 2 networks. It settles transactions on Ethereum as an optimistic rollup and uses ETH to pay for gas. There is no separate Robinhood chain token for governance or fees, at least none that the company has announced.  That design gives it Ethereums security while keeping costs lower than the base layer. Robinhood claims block times of roughly 100 milliseconds, which is fast for a Layer 2 and aimed at trading. The network is fully compatible with Ethereum tooling,

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