Author: NBTC

The Ripple executives with the largest $XRP holdings could see their combined wealth cross $4.2 trillion if $XRP ever hypothetically claimed a $1,000 price. While $XRP currently changes hands at $1.41, up 1% in the last week, the most optimistic community figures have maintained long-term targets like $1,000. A recent assessment of how much this would impact the largest individual holders shows the scale of the projection. Key Points $XRP continues to trade below $2 amid the market-wide downturn, changing hands for $1.41. EasyA co-founders Phil and Dom Kwok argue that $XRP could reach $1,000 in the next five years.…

Coinbase has intensified its push for U.S. crypto market rules as Senate lawmakers prepare for a decisive vote on the CLARITY Act this month. Shirzad said on Fox Business’ Mornings with Maria that the Digital Asset Market Clarity Act could become the most important financial regulation bill since Dodd-Frank. The Coinbase chief policy officer argued that the bill would finally give digital asset firms clear rules in the United States. The legislation cleared the Senate Banking Committee on May 14 in a 15-9 vote. Democratic Senators Ruben Gallego of Arizona and Angela Alsobrooks of Maryland joined Republicans in supporting the…

Blockchain analytics platform Chainalysis has reported that wallets interacting with Coinbase’s x402 protocol have generated more than 100 million transactions on Base since the payment standard launched, offering one of the clearest signs yet that machine-to-machine payments are beginning to gain traction on public blockchains. Built to let software agents pay for online resources automatically, x402 allows a stablecoin payment to be completed as part of a web request. Under the model, an AI agent seeking access to an API, data feed, or digital service can settle the payment directly without requiring a user to manually approve each transaction. A…

Gulf International Bank has increased its investment in Strategy as institutional interest in Bitcoin-linked stocks continues to grow. A recent filing from the bank’s UK unit showed it raised its Strategy holdings by 53% to 20,207 shares worth about $3.76 million. The disclosure, highlighted by BitcoinTreasuries.NET on May 13, comes as more financial institutions seek exposure to Bitcoin through publicly traded companies. Strategy, led by Michael Saylor, has become closely tied to Bitcoin after building one of the largest corporate Bitcoin reserves. As a result, many investors now treat the company’s stock as an indirect way to gain exposure to…

$XRP is seeing a notable resurgence in institutional demand as its ETF market has begun to record significant daily inflows compared to the previous week. On Wednesday, May 6, ETF tracking platform SosoValue provided data revealing that the $XRP ETFs achieved a total net inflow of $11.28 million in their last 24-hour trading session. While this marks a major resurgence from the little to no fresh capital intake seen in the previous days, it represents the strongest single-day inflow recorded in over two weeks. As such, it appears that the ongoing market rally has triggered renewed confidence among institutional investors.…

Pleasing Market is replacing LayerZero with Chainlink infrastructure after conducting an extensive security assessment following the recent $292 million exploit targeting Kelp DAO and LayerZero, according to a Wednesday statement. With this move, Pleasing Market has become the latest project to move away from LayerZero in favor of Chainlink. The project joins KelpDAO, Solv Protocol, Re, Lombard, and Kraken, all of which have adopted Chainlink’s interoperability solutions. The tokenized real-world asset platform will retire all LayerZero bridges and standardize on Chainlink CCIP for cross-chain transfers of PGOLD and USDpm. It has also adopted Chainlink Data Streams to provide secure pricing…

Bitcoin price sits at $77,808 inside a falling channel that has held since May 6, with a short squeeze quietly building above current price and long-term holders accumulating underneath. Donald Trump’s May 20 pledge to end the Iran war quickly has already started a small short liquidation cascade in crypto. The mechanics favor Bitcoin moving first, with the broader world catching up later through oil prices, inflation, and the Federal Reserve. Bitcoin Falling Channel Held the Floor as Trump’s Iran Pledge Sparked First Liquidations Bitcoin ($BTC) has been trading inside a falling channel since May 6. The sellers have been…

Major US banks and financial market intermediaries expect the transition to a digitized financial system to start slowly, then hit a tipping point at which it accelerates, according to credit rating agency Moody’s Ratings. In a report Tuesday, the agency said that, during conversations with US banks and other financial market intermediaries, most viewed the shift as inevitable and agreed it would start “slow, then fast,” with tokenization volume increasing and extending to more market participants, assets and use cases. “Across our conversations, industry leaders generally believed that broad asset tokenization will happen; the main uncertainties center around how quickly…

Toncoin has continued to garner hype and optimism across the social space since the big Telegram news, pushing its price to substantially outperform all top 10 cryptocurrencies by market capitalization. While the ongoing market resurgence has fueled a broad rally in the price of most crypto assets, Toncoin’s price is growing at a remarkable pace, all thanks to a major development proposed by Telegram’s founder, Pavel Durov. Telegram to become $TON’s largest validator Just recently, the founder and CEO of Telegram, Pavel Durov, sparked a market buzz after announcing plans to make Telegram replace the $TON foundation. The founder disclosed…

Weeks after a jury dismissed Elon Musk’s lawsuit against OpenAI’s corporate restructuring, Florida’s attorney general filed the first state-led lawsuit against the company and its CEO. ChatGPT has been accused of facilitating mass shootings, encouraging suicide, and getting children addicted. Florida sues OpenAI and founder Altman Florida Attorney General James Uthmeier announced the first U.S. state-led lawsuit against OpenAI and Sam Altman, claiming the company knowingly released and aggressively marketed ChatGPT to the public while concealing serious risks. Uthmeier referred to the popular LLM as a “dangerous product” at a Monday press conference. In the 83-page complaint, filed in Florida’s…