Ripple is quietly becoming a bank. What that means for XRP holders

A conditional national trust bank charter, a pending Federal Reserve master account, and a string of acquisitions in brokerage, payments, and treasury. Ripple is assembling a full regulated-finance stack. The benefits flow first to its stablecoin and the company itself. What is left for $XRP is the question.  Ripple is turning itself into a bank, or something very close to one, and it is doing it methodically.  Over the past year the company won conditional federal approval to operate a national trust bank, applied for a Federal Reserve master account that would give it direct access to the central banks payment systems, and bought its way into prime brokerage, payments, and corporate treasury services through a series of acquisitions.  Add the dollar stablecoin it already issues, the 70-plus regulatory licenses it holds around the world, and a fresh European license that lets it passport services across 30 countries, and the picture is unmistakable.  A company once known mainly for a cross-border payments network and a controversial token is assembling the full apparatus of a regulated financial institution.  For $XRP holders, who have watched the token grind sideways near a dollar through a year of Ripple triumphs, the natural question is what all of this means

06-27

Bitcoin Price Analysis: Is Another Leg Lower Coming After the $58K Drop?

Bitcoin remains under pressure despite another strong reaction from the $58K to $60K demand zone. Although buyers once again stepped in after sweeping the recent lows, the recovery has so far been limited, with the price continuing to trade below key resistance levels.  Bitcoin Price Analysis: The Daily Chart  On the daily timeframe, Bitcoin continues to trade below both the 100-day moving average around $72K and the 200-day moving average near $76K, keeping the broader market structure bearish.  The most recent development is another successful defense of the $59K to $60K support zone. The asset briefly swept below the previous swing low before rebounding back into the range, suggesting that liquidity beneath support has been collected for now.  However, despite the bounce, Bitcoin remains trapped beneath the first supply zone between $65K and $68K. As long as this area caps the recovery, buyers remain on the defensive and the broader downtrend stays intact.  The recent liquidity sweep has improved the short-term picture, but Bitcoin still needs to reclaim the $65K to $68K resistance region to confirm that a more meaningful recovery is underway.  BTC/USDT 4-Hour Chart  The 4-hour chart shows that Bitcoin initially broke below the major support around $59K before quickly reversing higher, forming what appears

06-27

India Crypto Regulation: July 2 Parliamentary Meeting Could Bring New Crypto Rules

Indias Parliamentary Standing Committee on Finance is set to hold a crucial meeting on July 2 to discuss the future of Crypto Regulation in the country. The committee is chaired by BJP MP Bhartruhari Mahtab. It has summoned representatives from the Reserve Bank of India (RBI) and the Institute of Chartered Accountants of India (ICAI) for discussions on “A Study on Virtual Digital Assets (VDAs) and Way Forward.”  According to the official schedule, the RBI will appear before the panel from 11:00 AM to 12:30 PM. Then, ICAI will appear from 12:30 PM to 1:30 PM at Parliament House Annexe in New Delhi.  Why the July 2 Meeting Matters for Crypto India  This marks a major milestone in Parliament‘s ongoing review of India’s crypto ecosystem. Over the past seven sittings, lawmakers have already heard from major exchanges and government agencies. These include Binance, Coinbase, CoinDCX, CoinSwitch, WazirX, the Financial Intelligence Unit (FIU-IND), CBDT, IFSCA and the Ministry of Corporate Affairs.  However, this will be the first time the RBI directly presents its views before the committee.  The central bank has consistently maintained a cautious stance on cryptocurrencies, warning about risks to financial stability and opposing formal crypto legalization. Committee chairman Mahtab previously revealed that the

06-27

Old Ether wallets move 37,806 ETH as whale conviction faces key test at $1.5K

Eight-year-old Ether ($ETH) wallets have started moving coins for the first time since 2017, adding fresh supply to the market as Ether trades just above $1,500. Onchain data shows 37,806 $ETH from long-dormant addresses became active, while separate whale transactions point to continued accumulation by other large investors.  The mixed positioning comes as total long-term $ETH whale profitability has fallen below zero for the first time since 2019, leaving every major whale cohort sitting on unrealized losses.  $ETH whale traders are split between accumulation and distribution  According to Lookonchain, four Ethereum wallets that received 37,602 $ETH nearly eight years ago at an average price of around $830 became active after years of dormancy. The wallets held through the 2021 and 2025 bull markets, when their unrealized gains exceeded $150 million, sold 33,623 $ETH for about $52.5 million at around $1,560 on Thursday. The realized profit now stands near $27.4 million.  OG $ETH wallets holding period. Source: Lookonchain/X  Fresh $ETH selling has appeared alongside continued buying from other large holders. Blockchain tracker Lookonchain reported that one whale swapped 464 $BTC worth $27.6 million for 17,750 $ETH, signaling capital rotation into Ether.  Meanwhile, investor Chun Wang also acquired another 9,937 $ETH and 147 wrapped Bitcoin. Over the past

06-27

‘Halt is not okay’ – All about Base and its consensus problem

Base, a Coinbase-incubated Ethereum Layer 2 (L2) chain, has been unable to accept deposits or withdrawals for nearly 48 hours.  On the 25th of June, the L2 said that it ran into a consensus issue that caused an invalid block to be sequenced. The statement was given on 25th June, 17:21 UTC. The problem was isolated and debugged, and the team soon announced that broader recovery was underway.  However, as of 26th June, 10:36 UTC, the issue had not been fully resolved. In fact, the chains status indicated that the mainnet block product was “unhealthy.”  Apart from the block production, deposits and withdrawals were also affected for the second day. Notably, withdrawals were only partially degraded, but deposits were facing a “major outage.”  Source: Base Status  For his part, Jesse Pollak, co-founder of Base, assured users that funds were safe and that they were working on a full post-mortem.  He added that halting the chain to remedy the issue was undesirable and would act as a challenge to do better in the future.  All funds are/were safe. But a halt is not okay, and well use this to continue to level up Base as a platform for global, 24/7 finance. Thank you for your patience.  Bases bet on

06-27

Binance is locked out of Europe on July 1. Here is what actually happened

The world‘s largest crypto exchange will suspend services for European Union users from July 1 after failing to secure a license under Europe’s new crypto rules. The headlines say Binance is leaving Europe. The reality is more precise, and more revealing: it was locked out, and the reason was not its paperwork but its past.  On June 24, an email from Binance landed in the inboxes of millions of European users, and within hours, it had set off a wave of alarm across the continent‘s crypto community. The message was blunt: starting July 1, the world’s largest cryptocurrency exchange would suspend much of its service for anyone residing in the European Union. The headlines that followed were predictably dramatic, declaring that Binance was shutting down in Europe, abandoning the region, or being expelled from the bloc.  The reality is both narrower and more revealing than any of those framings. Binance is not collapsing, it is not seizing anyone‘s money, and it is not, in its own telling, permanently leaving Europe. What actually happened is that Binance failed to obtain the license it needed under the European Union’s new crypto regulation before a hard deadline, and as a result, it is being locked

06-27

Binance may face EU service limits after missing the MiCA license deadline

Binance is facing a challenge in Europe as the European Unions new crypto regulations take full effect. The exchange is set to implement possible service restrictions after failing to obtain a MICA license by the July 1 deadline.  The cutoff will end the blocs transition period for crypto asset service providers. If not approved by an EU member state, companies are not allowed to serve users in the EU and should wind down their operations in an orderly manner.  The Binance license issue has already impacted users in several countries. The FT reported that customers in Poland, Italy, Spain, and France received emails with withdrawal instructions.  However, the exchange noted that it is not setting a full withdrawal deadline of July 1, but some users may still be affected. In addition, some services may be halted before the deadline, leaving users awaiting further instructions in a state of unease.  Binance provided assurances to users that their assets remain safe and accessible at all times. The company also added that Europe continues to be an important part of its long-term plans.  Binance MiCA license path stalls before deadline  Binance had applied in Greece for a license that could allow it to serve clients across the EU. However,

06-27

Bitcoin demand has stayed negative for months—Heres what it means for BTC

On June 24, $700 millionworth of long positions were liquidated across the crypto market. A Bitcoin [$BTC] sell-off led to fearful market conditions and hunted down speculative long positions trying to buy the dip.  The leading crypto was trading below $60konce more, and more losses appeared likely.  Bitcoin demand has been drying up for months  Source: Ali Charts on X  In a post on X, analyst Ali Martinez showed that $BTCs apparent demand has been negative for 208 days. The metric measures if spot demand is strong enough to absorb the supply from new miner production and old supply moving onto exchanges.  Negative values indicate that selling pressure outweighs demand, creating significant resistance to price bounces.  AMBCrypto reported that though the Bitcoin OI was down from its 2025 peaks, the volatility remained high.  The Coinbase Premium Index has been negative for over a month, signaling a lack of demand from investors in the U.S. Sustained spot ETF outflows showed a lack of confidence as the price action continued to weaken.  Source: Axel Adler Jr.  Crypto analyst Axel Adler Jr. noted that the net realized P/L has been in negative territory for five months. This metric uses the difference between realized profit and loss, and the 90-day moving average to

06-27

Securitize expects to raise $400M ahead of public debut

Tokenization platform Securitize says it expects to raise $400 million in its upcoming public debut through a merger with a company backed by Cantor Fitzgerald.  Securitize said on Friday that its final redemption results showed less than 30% of shareholders in Cantor Equity Partners II (CEPT), the special purpose acquisition company that will take Securitize public, had elected to redeem.  The company said it expects to receive approximately $400 million in gross proceeds from the merger, including related private investment in public equity, or PIPE, financings and excluding transaction-related expenses.  Securitize is set to be the latest buzzy crypto-related public debut as Wall Street seeks exposure to tokenization, an area that is seeing heightened investor interest and attention from US regulators.  Shares in Cantors acquisition vehicle rose on Friday, closing the trading day up 7% to $10.86 and continuing to rise after-hours to $11.  CEPT shares climbed on Friday as Securitize announced fewer shareholder redemptions than expected. Source: Google Finance  The merger between Securitize and CEPT is expected to close on Wednesday, July 1, subject to shareholder approval on Monday and other closing conditions, and the company will then trade under the ticker SECZ on the New York Stock Exchange on Thursday, July 2.  “Reaching the public

06-27

Binance Co-CEO Yi He Says Europe Remains Key, Crypto Exchanges Will Become Financial Gatekeepers

Binance‘s regulatory headaches in Europe haven’t changed its appetite for the continent. Co-CEO Yi He told the audience at an event in Brussels that Europe is an important market for the exchange and that Binance intends to keep working with national and EU-level authorities, according to the original report. Building trust takes time, she added, and Binance is in a direct dialogue with regulators to advance its compliance profile. The comments come as the company navigates a patchwork of registration requirements, with the EUs Markets in Crypto-Assets (MiCA) framework nearing full application.  Yis statement arrives after a period of retreat. Binance has pulled back from multiple European jurisdictions, including the Netherlands and Germany, over licensing roadblocks. It also exited Austria and halted derivatives in several markets. Despite that, Yi made clear the firm considers Europe a long-term terrain. “Europe remains an important market for Binance,” she said, pointing to ongoing cooperation with regulators. For a platform that once operated with a jurisdictional-by-jurisdictional whac-a-mole strategy, the language signals a deeper structural shift.  Europe Remains Central to Binances Strategy  MiCA, which introduces a single licensing regime across the 27-nation bloc, offers exchanges a clear path if they can meet the standards. Full implementation is expected

06-27
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