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Ripple partners with BNY Mellon to custody RLUSD reserves, aiming to enhance regulatory compliance and institutional trust. The move comes amid a surge of corporate and institutional interest in stablecoins, dubbed “stablecoin summer.” Ripple has also applied for a US banking charter and Federal Reserve master account to deepen its role in the US financial system. Ripple has appointed the Bank of New York Mellon (BNY Mellon) as the primary custodian for reserves backing its US dollar-pegged stablecoin, RLUSD. The […]

Exchange net flows remain negative, pointing to continued accumulation. Golden Crossover signal is forming between the 50 and 200-day EMAs. Elder Ray’s Index flips positive, suggesting buyer control. BONK, the meme coin built on the Solana blockchain, has jumped nearly 60% over the past seven days, driven largely by market sentiment and speculation surrounding potential ETF-related demand. With BONK breaking out of a long-term technical pattern and momentum indicators flipping bullish, traders are now watching closely to see whether the […]

The move would give digital asset firms access to tax breaks and state funding. Dunamu paid ₩24 billion in taxes after losing venture status in 2018. Policy is part of President Lee’s pro-crypto economic strategy. South Korea is moving to formally recognise crypto businesses as venture companies, a decision that could give the industry access to tax relief, government-backed loans, and startup funding for the first time. The Ministry of SMEs and Startups has introduced a proposal to reclassify virtual […]

Elon Musk’s tweet has triggered a sharp rally in Peanut the Squirrel (PNUT) memecoin. PNUT trading volume has also surged over 150% to $273 million. Analysts predict a potential 654% breakout for PNUT. Elon Musk has once again ignited a crypto market frenzy, this time by reviving interest in an unlikely memecoin, Peanut the Squirrel (PNUT). A single post on X, formerly Twitter, triggered a sharp rally in the price of the Solana-based token, causing both volume and open interest […]

Trump Jr. invests $4M in crypto-focused startup Thumzup despite minimal revenue. Thumzup allocates up to 90% of liquid assets to Bitcoin and other cryptocurrencies. Eric Trump joins crypto-heavy Metaplanet; both brothers advise Dominari Securities. Donald Trump Jr. has sparked fresh interest with a $4 million stake in Thumzup Media Corp., a little-known Los Angeles startup navigating the crowded world of social media and advertising tech. Thumzup, which pays everyday users to promote brands on Instagram, hasn’t made much noise financially […]

Bitcoin has once again smashed through its previous records, surging past the $112,000 mark for the first time in its history to set a new all-time high on July 9. The milestone represents a significant achievement for the leading cryptocurrency as it continues to recover from the market aftershocks of US President Donald Trump’s tariff policies and solidifies its position in an evolving financial landscape. As the broader crypto market continues its recovery, Bitcoin (BTC) hit a new record high […]