XRP traded at $1.02 today. At that level, the token was approximately -70% below its 2025 peak near $3.50. A return to $3 in 2026 for Ripple would therefore depend on a recovery in price momentum as well as the institutional and regulatory factors that underpin the more bullish forecasts. Worryingly, the past three sessions…
Uniswap’s UNI has plummeted the most today, losing over 10% of value. Bitcoin’s price rejection at $65,400 from earlier this week brought another leg down in the past 24 hours as the asset slipped to a 9-day low of $63,200, where it finally found some support. Interestingly, most larger-cap alts are slightly in the…
SBI Digital Practice and South Korea’s Nodeinfra agreed to jointly develop a cross-border payment and settlement network between Japan and South Korea using Canton Network infrastructure. Summary SBI and Nodeinfra will test yen and won payment tokens before introducing regulated stablecoins commercially. Project Musubi will use Canton Network for atomic payment-versus-payment settlement and distributed peer…
The stolen XRP was converted to ETH, routed through THORChain and ultimately sent to Tornado Cash after the bridge was drained. On August 9, a bridge connecting the XRP Ledger and Coreum (now rebranded as tx) lost close to 200,000 XRP after an attacker tricked its deposit-checking system into treating a wallet-to-wallet transfer as…
Ripple has renewed support for New York University Abu Dhabi’s blockchain research program, extending its University Blockchain Research Initiative partnership through 2027. Summary Ripple renewed NYU Abu Dhabi blockchain research funding, extending UBRI support through 2027 for researchers. NYU Abu Dhabi says the grant supports Volta expansion, fintech education, venture development and research. Ripple said…
The Office of the Comptroller of the Currency (OCC) said on Aug. 11 that digital asset companies conducting legally permissible activities should have a route into the U.S. national banking system, as Comptroller Jonathan V. Gould renewed the agency’s push to revive new bank formation. Summary OCC received 40 de novo applications during 18 months,…
Even if the SEC approves the proposal, final rules could take 12-18 months after comments, revisions and another agency vote. The U.S. Securities and Exchange Commission (SEC) said Monday it will hold an open meeting this Friday, August 14, to consider proposing new rules that would create a tailored offering path for certain crypto…
Spritehood has sold 42,956 paid NFTs on Robinhood Chain in about 53 minutes, generating nearly $1.28 million for Pudgy Penguins co-founder Cole Villemain. Summary Paid buyers minted 42,956 Spritehood NFTs priced at either $17 or $117. The sale generated about $1.283 million, equal to roughly 684.28 ETH at the mint price. Another 1,488 NFTs were…
Milanovich’s connection to John Daghita turned hostile after she recorded him and shared the call. He retaliated by posting her name publicly. Prominent blockchain investigator ZachXBT identified Tiffany Milanovich as a US-based threat actor tied to at least $5 million in thefts through hardware wallet and centralized exchange support impersonation scams. He said Milanovich…
Chicago Fed President Austan Goolsbee has identified inflation above the Federal Reserve’s 2% target as the main U.S. economic problem while officials debate whether to raise rates from 3.50%–3.75%. Summary Goolsbee called inflation the economy’s biggest problem, while describing the labor market as stable but weak. The Fed held rates at 3.50%–3.75% in July, with…
