XRP, the cryptocurrency associated with XRP Ledger, bounced over 4% on Wednesday, July 3, to reach a trading price of $2.26. While this buying pressure was kick-started by a broader market recovery, the remittance token gained additional momentum when Ripple filed for a U.S. banking license. Will the approval boost XRP’s utility narrative and surge its price past $3? XRP Gains 4% as Ripple Files for U.S. Banking License In the last two weeks, the XRP price bounced from the $1.9 floor to its current trading value of $2.25, registering an 18% gain. The recovery gained additional momentum as the…
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Journalist Hassan Shittu Journalist Hassan Shittu About Author Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in… Share Last updated: July 2, 2025 Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas – from cryptocurrencies and blockchain projects to industry…
The first U.S. exchange-traded fund (ETF) offering exposure to Solana (SOL) with built-in staking rewards has officially launched, attracting $12 million in inflows and generating $33.6 million in trading volume on its debut day. (Source: SolanaFloor on X) REX-Osprey Solana + Staking ETF (SSK) became the first regulated investment vehicle to combine SOL price appreciation with staking yield. It is custodian by Anchorage Digital. While it outperformed SOL and XRP futures ETFs in initial demand, it still lagged behind the massive trading volumes of spot Bitcoin and Ether ETFs. The debut of the SOL staking ETF has also benefited the…
OpenAI said on July 2 that digital tokens trading under its name on Robinhood’s new blockchain platform do not represent OpenAI equity and were listed without the company’s consent.In a statement posted on X, the artificial intelligence developer wrote: “These ‘OpenAI tokens’ are not OpenAI equity. We did not partner with Robinhood, were not involved in this, and do not endorse it. Any transfer of OpenAI equity requires our approval—we did not approve any transfer.” The company asked investors to “be careful,” highlighting that any equity movement in the private firm must be approved by its board.Tokenized-stock pilot spurs confusionOpenAI’s comment follows…
Ripple Labs penetrated the financial markets by solving a key issue that was plaguing the global banking sector for decades. It provided banking clients with a product to seamlessly facilitate money transfers with the help of blockchain technology. Leading financial institutions like Bank of America and JP Morgan are using Ripple’s services to secure their transactions. Despite the partnerships with top banks and fintech firms, Ripple’s XRP has barely surged in price.Also Read: XRP’s W-Pattern Targets $40 as XRPL EVM Sidechain Goes LiveWhy XRP Does Not Surge When Ripple Partners With Major Banks?Source: BitcoinistEven after banks extend partnerships with Ripple…
Grayscale’s conversion of its Digital Large Cap Fund (GDLC) into an exchange-traded fund (ETF) has been frozen by a stay order, despite receiving approval from the Securities and Exchange Commission (SEC) on July 1.Bloomberg ETF analyst James Seyffart said in a social media post on July 2 that the stay blocks the conversion “for now” and that the SEC gave no timeline for removal.Two theoriesSeyffart shared two working theories for the temporary block that came with the approval. The first is that staff in another division may still vet GDLC’s structure, or the SEC may prefer to keep every crypto listing…
The post Is Bitcoin Price Poised for a Historical Rally in July Fueled By Institutional Investors? appeared first on Coinpedia Fintech News After closing June in the highest monthly close since inception, Bitcoin (BTC) price has signaled bullish sentiment in July. The flagship coin surged 4 percent on Wednesday, July 2, to trade at about $109,420 during the mid-North American trading session. However, BTC price has not fully invalidated the midterm bearish sentiment. As Coinpedia reported, BTC price faced midterm bearish sentiment caused by significant cumulative short leverage trades and consistent negative funding rates. Factors that Will Impact Bitcoin Price…
AVAX, the native cryptocurrency of Avalanche Network, jumped 4.5% to $18.7 during Wednesday’s U.S. trading session. This uptick aligns with the broader market recovery as Bitcoin leaps to $109,500 after facing several rejections. The buying pressure further accelerated as the AVAX network witnessed a strong rebound in network activity. Is a rally to $25 imminent? Avalanche Network Activity Defies Price Correction Over the past three weeks, the Avalanche price witnessed a sharp correction from $22.6 to $18.65, registering a 17.3% loss. The geopolitical tension in the Middle East was among the primary reasons behind this correction, along with a broader…
Bitcoin may climb to $ 170,000 as global M2 liquidity reaches $55.48 trillion, reflecting a surge in economic capital. Analysts say institutional demand via ETFs and corporate buyers could push BTC into the $150K–$200K range by year-end. A weakening US dollar and historical divergence patterns suggest a potential new Bitcoin uptrend is underway. Bitcoin (BTC) could be on a trajectory toward $170,000 as global liquidity—measured by the broad money supply (M2)—reaches a new record high of $55.48 trillion as of July 2, said a Coin Telegraph report. The M2 metric includes highly liquid assets such as bank deposits, checking accounts,…
Ripple applied for a national bank charter with the Office of the Comptroller of the Currency (OCC) on July 2, CEO Brad Garlinghouse wrote in a post on X. The filing would place Ripple USD (RLUSD) under federal supervision while maintaining its existing oversight by the New York Department of Financial Services, creating a “new benchmark for trust in the stablecoin market.” Garlinghouse added that Standard Custody & Trust Co., the Ripple subsidiary that issues RLUSD, submitted a separate request on June 30 for a Federal Reserve master account.That account would enable the trust to maintain RLUSD reserves directly at the Fed,…
