Ripple Leads $1B Fundraise for XRP Hoard But Risk of $2 Test Remains

Key takeaways: XRP price dropped 8.75% on Friday despite Ripple’s $1 billion acquisition plans. A drop toward the $2 support level is possible in the coming days, as bulls pin their hopes on a rebound. Ripple is reportedly planning to raise $1 billion to purchase XRP (XRP) for its own digital asset treasury. This move…

Will Interest Payments Make Stablecoins More Interesting?

Around the world, stablecoins are coming under a fairly consistent and convergent regulatory regime. They must be backed by real, high-quality assets, are subject to regular audits, and issuers are prohibited from paying interest upon stablecoin balances. The prohibition on interest payments appears in the GENIUS Act in the U.S., Markets in Crypto-Assets regulation (MiCA)…

Ripple Leads $1B Fundraise for XRP Hoard But Risk of $2 Test Remains

Key takeaways: XRP price dropped 8.75% on Friday despite Ripple’s $1 billion acquisition plans. A drop toward the $2 support level is possible in the coming days, as bulls pin their hopes on a rebound. Ripple is reportedly planning to raise $1 billion to purchase XRP (XRP) for its own digital asset treasury. This move…

UK Tax Authority Ups Crypto Warning Letters in Crackdown on Unpaid Gains

The UK tax authority has ramped up its scrutiny of crypto investors, doubling the number of warning letters sent to those suspected of underreporting or evading taxes on digital asset gains. HM Revenue & Customs (HMRC) issued nearly 65,000 letters in the 2024–25 tax year, up from 27,700 the year before, the Financial Times reported…

Babylon Enables Native Bitcoin Collateral in DeFi: Finance Redefined

Bitcoin infrastructure company Babylon Labs claimed to have developed a system that enables native Bitcoin to be used as collateral for borrowing assets on Ethereum. Babylon Labs co-founder and Stanford University professor David Tse said on Wednesday that the company built a proof-of-concept that allows native Bitcoin to be used “trustlessly” as collateral for loans…

Longtime Ethereum Researcher and Developer Dankrad Feist Joins Tempo

Dankrad Feist, a longtime Ethereum developer and researcher at the Ethereum Foundation, announced Friday that he’s joining Tempo, a layer-1 blockchain for payments and stablecoins built by Stripe and Paradigm. Feist said he will remain as a “research adviser” at the Ethereum Foundation to provide input on scaling the layer-1 network, improving user experience (UX),…

UK Tax Authority Ups Crypto Warning Letters in Crackdown on Unpaid Gains

The UK tax authority has ramped up its scrutiny of crypto investors, doubling the number of warning letters sent to those suspected of underreporting or evading taxes on digital asset gains. HM Revenue & Customs (HMRC) issued nearly 65,000 letters in the 2024–25 tax year, up from 27,700 the year before, the Financial Times reported…

BTC RSI Hits April Lows as Coinbase Premium Turns Red

Key takeaways: The Bitcoin Coinbase Premium flipped red as BTC price dropped below $104,000. Bitcoin’s RSI hit its lowest point since April, hinting at a potential bottom zone. The 200-day EMA support remained crucial as BTC risks short-term capitulation. Bitcoin (BTC) extended its recent decline on Friday, slipping to $103,500 and triggering a notable shift…

BTC RSI Hits April Lows as Coinbase Premium Turns Red

Key takeaways: The Bitcoin Coinbase Premium flipped red as BTC price dropped below $104,000. Bitcoin’s RSI hit its lowest point since April, hinting at a potential bottom zone. The 200-day EMA support remained crucial as BTC risks short-term capitulation. Bitcoin (BTC) extended its recent decline on Friday, slipping to $103,500 and triggering a notable shift…

Schwab Reports High Crypto Engagement Despite ETF Outflows

Spot Bitcoin exchange-traded funds in the United States have seen more than $1.2 billion in outflows this week, but Charles Schwab is seeing more interest in the products.  The eleven spot Bitcoin ETFs in the US saw an aggregate outflow of $366.6 million on Friday, which rounded off a red week for the asset and…