Author: Ibrahim Abdulaziz Adan

XRP open interest climbed 2.98% to $4.61 billion while trading volume surged 8.26% to $7.73 billion. The SEC froze Grayscale’s Digital Large Cap ETF after initial approval, but XRP ETF approval odds still rose to 87%. Institutional firms have committed nearly $1 billion to XRP reserves, and analysts target $2.69 if bullish momentum continues. XRP has experienced significant market activity as open interest climbs and ETF approval speculation intensifies. The cryptocurrency faces a complex landscape of regulatory challenges while maintaining strong institutional interest. Trading Activity Reaches New Heights Market data from Coinglass reveals substantial growth in XRP trading metrics. Open…

Nano Labs invested $50 million in BNB tokens and aims to build a $1 billion cryptocurrency reserve. The Chinese company plans to acquire up to 10% of all BNB tokens. Corporate investment in alternative cryptocurrencies expands beyond Bitcoin, but Bitcoin treasury operations still lead the market. China-based technology company Nano Labs has made headlines with a substantial investment in Binance Coin, acquiring 74,315 BNB tokens in a single transaction. The Nasdaq-traded firm spent $50 million on the purchase, paying an average of $672.45 per token through an over-the-counter deal. This strategic move elevates Nano Labs’ cryptocurrency portfolio to $160 million.…

Bitcoin retreated after strong jobs data dimmed Fed rate cut prospects. Key support at $108,000 could enable rallies toward $112,000 targets. Strong US labor market data triggered a sharp pullback in Bitcoin prices Thursday, as the leading cryptocurrency retreated from session highs near $110,300. The market reaction underscored growing concerns about the Federal Reserve’s policy direction amid persistent economic strength. Labor Market Strength Challenges Rate Cut Narrative June employment figures substantially exceeded analyst projections, with nonfarm payrolls demonstrating continued hiring momentum. The unemployment rate also surprised to the upside, reinforcing signals of labor market resilience. Additionally, May’s employment count received…

XRP jumped 3.75% to $2.27 after Ripple applied for a banking license, and trading volumes increased by 35% in 24 hours. Technical analysis shows a falling wedge pattern that could push XRP up 78% to $3.96, while futures traders open long positions betting on price gains. XRP experienced a notable price increase of 3.75% on July 3, reaching $2.27 during trading hours. The cryptocurrency gained momentum following reports that Ripple Labs is pursuing a national banking license. This regulatory development has sparked renewed interest among investors and traders. The price movement occurred within a 24-hour window, with XRP climbing from…

The Rex Shares Solana Staking ETF launched with $33 million in trading volume and $12 million in inflows on day one.  SOL price jumped 4.3% and CME futures volume hit an all-time high after the ETF debut.  A Bloomberg analyst expects the fund’s assets to grow from $1 million to $10 million soon. The REX-Osprey Solana Staking ETF (SSK) achieved remarkable success on its debut trading day, recording $33 million in trading volume. The fund attracted $12 million in inflows and reached $1 million in assets under management within 24 hours of launch. Bloomberg ETF strategist Eric Balchunas highlighted the…

Ripple is applying for a U.S. banking license and a Federal Reserve master account. The move follows Circle’s similar efforts to comply with stablecoin regulations. XRP gained over 3 percent after the announcement and briefly hit $2.27. Crypto firm Ripple Labs is pursuing a national bank charter in the U.S. This follows Circle’s move, signaling growing crypto integration with traditional finance. Ripple CEO Brad Garlinghouse confirmed the application on X, noting the firm’s ongoing focus on compliance and oversight. National Bank Charter Pursued Ripple has filed for a national bank license with the Office of the Comptroller of the Currency…

For six months, Bitcoin has traded between $78,000 and $110,000, and analysts expect a breakout soon. Technical indicators point to $117,000 as Bitcoin’s next major resistance level to break. Multiple chart patterns suggest that Bitcoin could reach $123,000 to $130,000 if it closes above resistance zones. Bitcoin continues to trade within established parameters as market analysts identify key resistance levels that could determine the cryptocurrency’s next major price movement. The digital asset trades at $109,060, positioning itself near critical technical thresholds. Market data reveals Bitcoin has maintained trading activity between $78,000 and $110,000 since January 2024. This range represents a…

After rejecting Tether’s dismissal attempts, a federal court allowed Celsius Network to continue its $4 billion lawsuit against Tether.  Celsius claims Tether improperly sold over 39,000 Bitcoin in 2022 and kept an additional 15,600 as collateral without returning them.  The case will proceed under U.S. bankruptcy law and could set important precedents for cryptocurrency lending disputes. A federal judge has permitted Celsius Network to proceed with its massive $4 billion legal action against stablecoin giant Tether. The ruling represents a significant victory for the bankrupt cryptocurrency lender in one of the industry’s most closely watched legal disputes. The court rejected…

Ripple partnered with OpenPayd to help businesses use its RLUSD stablecoin to make faster payments.  Companies can now mint and burn RLUSD tokens directly through OpenPayd’s platform, reducing settlement times.  The RLUSD stablecoin operates under New York financial regulations and works on the Ethereum and XRP networks. Ripple has announced a strategic partnership with global payments firm OpenPayd to boost adoption of its enterprise-grade stablecoin, RLUSD. The collaboration combines OpenPayd’s banking-as-a-service platform with Ripple’s blockchain infrastructure to create an advanced solution for global business payments. The partnership allows OpenPayd’s corporate clients to mint and burn RLUSD tokens directly through the…

Brazil now charges a flat 17.5% tax on all cryptocurrency gains, and the previous monthly exemption of 35,000 reais is eliminated. Small investors face higher taxes while wealthy traders save money compared to the old progressive system. The new law covers all digital assets, including offshore holdings, DeFi activities, NFTs, and staking rewards. Brazil has enacted comprehensive cryptocurrency taxation reforms through Provisional Measure 1303, effective June 12, 2025. The legislation replaces the previous progressive tax structure with a uniform 17.5% flat rate on all digital asset capital gains. The new policy eliminates the monthly exemption that allowed individuals to trade…