Track market-moving stories before they get noisy

A redemption that used to take days cleared in about five seconds. The names in the room matter more than the speed, and the question for XRP holders is where the token actually sits in the flow.

Summary

JPMorgan, Mastercard, Ondo, and Ripple tested tokenized Treasury redemption on the XRP Ledger. The settlement speed matters, but the institutional names matter more. XRP was not the asset being redeemed, but it can sit in fees, reserves, and routing. The long-term signal is utility; the near-term question is whether volume follows. On June 12, JPMorgan, Mastercard, Ondo Finance, and Ripple completed a test that moved a tokenized United States Treasury through a full redemption on the XRP Ledger. The settlement finished in roughly five seconds.

The same operation on traditional rails takes three to five business days. crypto.news shared the result the day it happened, and within hours the XRP community had folded it into the familiar story: another institution, another marquee logo, another reason the token should be worth more than it is.

NEW: JPMorgan, Mastercard, Ondo Finance and Ripple complete tokenized Treasury redemption test on XRP Ledger. Settlement took roughly 5 seconds compared to 3 to 5 business days on traditional rails pic.twitter.com/9Rkd3MkWF4

— crypto.news (@cryptodotnews) June 12, 2026 The speed is real and the participants are real. What deserves a closer look is the part the headlines skip, which is the exact role XRP the asset plays when a tokenized Treasury changes hands on its ledger.

That answer is more interesting than a simple win or loss. It sets the boundary on how much a holder should read into the news.

What actually happened on June 12 Strip the announcement down to its parts and the test looks like this. Ondo Finance issued a tokenized version of a short-dated United States Treasury instrument, the kind of product that wraps a real government bond into an on-chain token that pays the yield of the underlying paper.

Mastercard provided the link between the regulated money layer and the chain through its Multi-Token Network, the rails it has been building to let banks move tokenized deposits and settle against tokenized assets. JPMorgan brought its institutional settlement infrastructure to the bank side of the trade.

Ripple supplied the ledger and the surrounding tooling that let the redemption clear on the XRP Ledger instead of on a private bank network.

A redemption is the moment a holder hands the token back and receives cash value in return. In the legacy world, that round trip crawls through custodians, transfer agents, and settlement windows that only open on business days.

The test compressed that into a single near-instant on-chain event, with the cash leg and the asset leg settling together instead of days apart. Atomic settlement, where both sides of a trade move or neither does, removes the gap during which one party holds an asset and waits to be paid.

That gap is where counterparty risk lives, and closing it is the entire point of putting this kind of asset on a fast public ledger. So the result is a working proof that a tokenized Treasury can be issued, held, and redeemed across a chain that major financial firms were willing to touch.

That is not nothing. It is also not the same thing as production volume, and the difference is where careful readers should slow down.

The logos are the story, up to a point Each name on the June 12 test carries weight, and the weight is worth spelling out because the market tends to treat any JPMorgan headline as a verdict.

JPMorgan has spent years building Kinexys, formerly Onyx, its blockchain settlement arm that already moves large daily volumes in tokenized deposits. When a bank of that size agrees to run a redemption across the XRP Ledger, even as a test, it signals that the ledger met its internal bar for security and controls.

Mastercard has been pushing its Multi-Token Network as the connective tissue between banks and tokenized assets, and its presence shows the test was built to plug into existing card-network plumbing instead of standing alone as a crypto experiment. Ondo is one of the larger issuers of tokenized Treasuries, and its OUSG product has become a reference point for the whole real-world-asset category.

Ripple sat at the center as the ledger host and the firm whose institutional features made the settlement possible. Put together, the group reads as a deliberate signal that tokenized Treasuries can settle on the XRP Ledger with names that compliance departments recognize.

JPMorgan, Mastercard, Ondo Finance and Ripple just completed something quietly historic.

The first cross-border tokenized US Treasury redemption on the XRP Ledger.

Cleared in under 5 seconds.

Traditional settlement for this kind of transaction takes days.

Tokenized assets… pic.twitter.com/9uk5akaVRf

— Rose (@Rose09202) June 21, 2026 The temptation is to draw a straight line from that signal to the XRP price. Before drawing it, look at what moved through the transaction and what did not.

Why tokenized Treasuries are the wedge asset It is no accident that the test used a Treasury and not some exotic instrument. Among all the assets the industry has tried to move on-chain, short-dated government debt has become the wedge that opens the institutional door, and the reasons say a lot about why June 12 happened at all.

A Treasury bill is the simplest large asset to tokenize honestly. It has a known issuer, a known maturity, a yield that is easy to verify, and a price that barely moves day to day.

There is little argument about what it is worth, which means a token wrapped around it can be marked with confidence and redeemed without disputes. Compare that to tokenized real estate or private credit, where valuation is slow, subjective, and easy to challenge, and the appeal of starting with Treasuries becomes obvious.

The asset removes the hardest problem in tokenization, which is agreeing on value, so the experiment can focus on the plumbing. That is why tokenization as the real story keeps coming back to Treasuries: they are liquid, familiar, yield-bearing, and easy for institutions to understand.

The demand is also concrete. Crypto firms, trading desks, and treasuries sit on large idle dollar balances, often parked in stablecoins that pay them nothing.

A tokenized Treasury lets that cash earn the yield of real government paper while staying on-chain, available to move at any hour without leaving for the banking system. That single feature, on-chain dollars that earn a real yield, has turned tokenized Treasuries into one of the fastest-growing corners of the whole digital-asset market.

Ondo’s OUSG and a handful of competitors have pulled in billions because they answer a question every on-chain treasurer has, which is how to stop leaving money on the table.

So when Ripple wanted to prove the XRP Ledger could host serious institutional settlement, the Treasury was the natural choice. It is the asset most likely to move in real size, the one institutions most want on-chain, and the one with the fewest excuses for the test to fail.

Winning the Treasury-settlement business is the beachhead. Everything heavier, corporate bonds, funds, structured credit, follows the rail that first proves itself on the simple asset.

Where XRP actually sits in the transaction Here is the part that gets lost. In the June 12 flow, the asset being moved was a tokenized Treasury. The cash leg most likely settled in a stablecoin or a tokenized deposit.

XRP, the native token of the ledger, was not the thing being bought, sold, or redeemed.

That sounds like bad news for the holder thesis, and read too quickly it would be. The reality is more layered.

XRP touches a settlement like this in three indirect ways, and each one is small per transaction but structural across millions of them.

First, every transaction on the XRP Ledger burns a tiny amount of XRP as a fee. The amounts are fractions of a cent, designed to stop spam, not to enrich anyone.

As transaction count rises, the burn rises with it, which slowly removes XRP from supply. Second, accounts and certain ledger objects require a reserve denominated in XRP, so a ledger that hosts more institutional activity locks up more XRP in reserves.

Third, and most important over time, XRP can serve as the auto-bridge asset when one currency or token needs to move into another inside the ledger’s exchange. In a redemption that converts a tokenized Treasury back into a chosen settlement currency, XRP can sit in the middle as the routing asset that connects the two sides.

While the market obsesses over price action, XRPL just processed another milestone settlement blending JPMorgan, Mastercard, and Ondo Finance rails.

This cross-border tokenized Treasury redemption cleared on XRPL in under five seconds using RLUSD as the settlement asset and a… pic.twitter.com/eDw8SQm88z

— documenting XRP (@documentingXRPP) June 21, 2026 None of those roles require XRP to be the headline asset in the trade. All three grow with usage, not with hype.

That is the honest frame: the June 12 test does not put XRP at the center of the transaction, but it does feed the machinery where XRP earns its keep. Whether that machinery turns fast enough to matter for price is a separate question, and the search history of XRP suggests patience is warranted.

This is also what the tokenized Treasury settlement means for XRP: the ledger can win serious institutional use before the token captures meaningful demand. The two are connected, but not identical.

The ledger features that made it possible A redemption like this could not have run on the XRP Ledger of a few years ago. The capability is new, and it comes from a stack of institutional features Ripple and the wider XRPL developer community shipped across 2025 and into 2026.

Multi-Purpose Tokens, the MPT standard, let a token carry the metadata that a real financial instrument needs, things like maturity dates, transfer restrictions, and tranche information, without forcing developers to bolt on fragile smart contracts. Permissioned Domains and a permissioned version of the ledger’s decentralized exchange let regulated participants trade in gated environments where access depends on credentials such as know-your-customer checks.

RLUSD, Ripple’s dollar stablecoin, now settles on the ledger and gives institutions a compliant cash leg that lives on the same rail as the asset. The escrow feature was extended to support third-party tokens like RLUSD, which matters for structured settlement.

Layer the XLS-66 lending protocol on top, with its single-asset vaults that isolate credit risk one asset at a time, and the ledger starts to look less like a payments network and more like a settlement venue with a credit layer attached. The June 12 test is the visible output of that quieter build.

The features were the precondition. The redemption was the demonstration that they hold together under the eyes of firms that do not lend their names casually.

The competition for the same settlement business The XRP Ledger is not the only chain courting this work, and the contest for institutional settlement is the backdrop that gives June 12 its real stakes.

Ethereum sits at the center of the tokenized-asset world today. Most tokenized Treasuries, including the largest funds from the biggest asset managers, launched on Ethereum or its layer-2 networks, where the deepest pool of developers and the most established custody and compliance tooling already live.

An institution choosing where to settle starts from a world in which Ethereum is the default, and the burden falls on every other chain to give a reason to look elsewhere. Solana has pushed hard on speed and cost and has won its own share of tokenization projects and corporate interest.

On top of the public chains, the banks are building private ones. JPMorgan’s own settlement network already moves enormous daily volumes inside a permissioned environment the bank controls end to end.

Against that field, the XRP Ledger’s pitch is specific. It offers settlement built for payments from the start, with the institutional features, the MPT standard, permissioned trading, credentials, baked into the base layer instead of bolted on through smart contracts that have to be audited one project at a time.

The argument is that a purpose-built settlement ledger carries less risk surface than a general-purpose smart-contract chain, because there is less custom code between an institution and a completed trade. June 12 is Ripple making that argument in public with partners who could have run the same test anywhere.

This is why the names matter more than the speed. Five-second settlement is achievable on several chains.

What the XRP Ledger needed to prove was that firms like JPMorgan and Mastercard would choose it for a real institutional flow when they had every other option available. The test does not win the war.

It wins the right to be in the room for the next one, which for a chain competing against Ethereum’s incumbency is the harder thing to secure.

Following one tokenized Treasury through the flow Abstractions blur the stakes, so trace a single unit through the kind of cycle the test modeled.

Start with a short-dated United States Treasury bill sitting in a custodian’s account. Ondo, or an issuer like it, holds that bill and mints an on-chain token against it.

The token represents a claim on the bill and the yield it throws off. Call it one unit of a tokenized Treasury, and place it in the wallet of an institutional holder who wants short-term dollar yield without leaving the chain.

For weeks, the holder simply holds. The token accrues the bill’s yield.

When the holder decides to exit, the redemption begins. The holder submits the token back toward the issuer through the settlement arrangement that JPMorgan and Mastercard stand behind.

On the ledger, the asset leg and the cash leg are matched so they settle as one event. The token is retired.

A settlement currency, most likely RLUSD or a tokenized deposit, lands in the holder’s wallet in return. The fee for the ledger transactions is paid in XRP and burned.

If the chosen settlement currency differs from the currency the token was priced in, the ledger’s exchange can route through XRP as the bridge to complete the swap. Total elapsed time: around five seconds.

Compare that to the legacy path, where the same redemption would route through a transfer agent, wait for a settlement window, and clear across three to five business days while both sides carry risk. The end state is identical.

The holder is out of the Treasury and into cash. The path is what changed, and the path is the product.

Notice where XRP appeared in that walk. It paid the fee. It may have bridged the currencies. It backed the account reserves.

It was never the asset the holder set out to trade. That is the shape of XRP’s role in institutional settlement, and it explains why utility can climb for years while the token price moves sideways.

What institutions actually buy beyond the five seconds The speed grabs the headline, but settlement time is not the only thing an institution gains, and the other gains explain why firms keep running these tests even when the token economics do not concern them.

The first gain is capital efficiency. In the legacy model, the days between trade and settlement are days during which capital sits frozen, posted as margin or held in reserve against the risk that the other side fails to deliver.

Collapse settlement to seconds and that frozen capital comes free, available to be deployed elsewhere. For a large trading desk, the value of unlocking capital that used to sit idle for three days at a time runs into real money across a year of activity.

The second gain is around-the-clock operation. Traditional settlement runs on banking hours and business days, so a Friday trade waits through the weekend.

An on-chain ledger settles at any hour, which matters more every year as markets globalize and the line between trading days blurs. The third gain is collateral mobility.

A tokenized Treasury that settles instantly can be moved, pledged, or redeemed the moment it is needed, which lets the same asset work harder as collateral across more uses.

These are the reasons a JPMorgan or a Mastercard cares about the test, and none of them depend on XRP the token doing anything. The institution is buying a better settlement process.

XRP earns its small dues in the background. Keeping those two things separate is the key to reading any announcement like this one without mistaking institutional interest in the ledger for institutional demand for the token.

The first is clearly growing. The second has to be inferred from on-chain flow, and the inference is where most of the disappointment in XRP’s price history has come from.

That is why Ripple’s IPO and XRP holders is part of the same broader lesson. Ripple’s success, XRPL adoption, and XRP holder value are related, but they do not automatically collapse into the same thing.

Does settlement volume reach the price? This is the question every holder actually wants answered, and it deserves a straight treatment, not a number pulled from the air.

The bullish case runs through the indirect roles. If tokenized Treasuries and similar real-world assets move onto the XRP Ledger in size, transaction counts climb, fee burn climbs, reserves lock up more supply, and bridge routing pulls XRP into more flows.

Demand for the token then rises from use instead of from speculation, and demand that comes from use tends to be stickier. Ripple has framed exactly this flywheel in its institutional materials, and the logic holds on its own terms.

The sober case sits in the math. Fee burn on the XRP Ledger is deliberately tiny.

Even a large jump in institutional transactions removes a small fraction of supply against the tens of billions of XRP already in circulation and the monthly escrow releases that add to it. Bridge routing only pulls in XRP when a trade actually needs a currency conversion that the ledger chooses to route through XRP, and many institutional flows will settle stablecoin to stablecoin without ever touching the token.

Reserves lock supply but do not create buy pressure on their own. There is a supply side to weigh as well, and it cuts against the burn story in the near term.

Ripple releases up to one billion XRP from escrow at the start of each month, then re-locks most of it, but the net new supply that reaches the market still runs into the hundreds of millions of tokens monthly. For fee burn from institutional settlement to tighten supply in any meaningful way, the volume would have to grow large enough to offset that steady release, which is a high bar at current transaction levels.

A holder who pins hopes on burn alone is betting that on-chain activity climbs by orders of magnitude while the escrow schedule keeps running on its long-set path. That can happen over years. It does not happen because of one test.

The careful reading is that the June 12 test strengthens the long-term utility argument and does little for the short-term price argument. XRP spent most of 2026 trading near or below the one-dollar-and-change range while news exactly like this piled up, which is the market telling you that proofs of concept are priced as proofs of concept until volume follows.

A settlement test is a door opening. Walking through it at scale is a different event, and the token tends to wait for the second one.

What has to be true for this to matter For the June 12 result to move from interesting to important, a few things need to happen, and naming them gives a holder a watchlist instead of a hope.

Production volume has to follow the test. One redemption proves the plumbing.

Recurring institutional flow, measured in real daily value rather than pilot transactions, is what feeds the burn-and-bridge machinery. Regulatory clarity has to land, because the CLARITY Act and the broader United States market-structure framework decide how freely regulated institutions can settle tokenized assets on public ledgers.

Until the rules set, much of this activity stays in the test-and-pilot stage where the June 12 work lives. That is why CLARITY’s XRP classification question matters: the technology can be ready before the legal framework gives the rest of Wall Street permission to use it.

Competing venues have to be held off, since Ethereum, Solana, and a wave of bank-built private chains are chasing the same tokenized-asset settlement business, and the XRP Ledger has to keep winning the names that make compliance teams comfortable.

If those line up, the indirect demand argument gets a real chance to show up in on-chain data, and from there in price. If they stall, June 12 joins the long list of XRP headlines that read well and changed little.

The token has taught its holders that lesson more than once. That is also why institutional positioning in XRP matters as a separate signal: ETFs show who wants exposure, while settlement flows show whether utility is becoming demand.

Reading the signal without inflating it The clean takeaway is that Ripple, with JPMorgan, Mastercard, and Ondo alongside it, proved that a tokenized Treasury can be issued and redeemed on the XRP Ledger in seconds, with names that the institutional world takes seriously.

That is a meaningful step for the ledger as a settlement venue. For XRP the asset, it is a vote for the long-term utility thesis and a weak input to the near-term price, because the token sits in the fees, the reserves, and the bridge rather than at the center of the trade.

A holder who understands that distinction will not oversell the day and will not dismiss it either. The machinery that pays XRP its small, repeated dues got a high-profile workout.

Now the only thing that turns that into price is the boring part, which is volume that shows up and keeps showing up. Watch the on-chain flow, watch the rules, and let the token follow the usage instead of the logos.

This article is information, not investment advice. Figures and partnership details reflect reporting available as of June 23, 2026, and corporate plans, test results, and market conditions can change.

Cross-chain discussions involving XRP, Flare, and Cardano are gaining momentum.

In a post on X, Flare co-founder Hugo Philion revealed that the team is actively exploring a LayerZero Decentralized Verifier Network (DVN) to strengthen interoperability between major blockchain ecosystems.

FXRP on Cardano? Philion made the comment in response to XRP community member @xrpen15, who suggested that Flare launch an official LayerZero (LZ) DVN. According to the proposal, such infrastructure could help Cardano founder Charles Hoskinson safely bring FXRP into the Cardano ecosystem.

Responding on X, Philion said:

“Can’t comment on whether FXRP will go to Cardano, but funny you say that re the DVN. It’s certainly something we are actively exploring.”

While Philion did not confirm any plans involving FXRP on Cardano, his remarks suggest that Flare is evaluating LayerZero DVN infrastructure. DVNs are designed to verify and secure cross-chain messages between blockchain networks.

Why the Discussion Matters for XRP FXRP is Flare’s representation of XRP. It allows XRP holders to access decentralized finance (DeFi) applications beyond the XRP Ledger.

A LayerZero DVN could make cross-chain transfers more secure and efficient. It could also simplify the movement of assets such as FXRP between different blockchain ecosystems.

The proposal from @xrpen15 focused on creating a Flare-operated verifier network. Such a system could serve as a trusted bridge layer for transferring FXRP into Cardano-based applications.

The discussion highlights the potential benefits of shared infrastructure that connects multiple ecosystems rather than relying on separate interoperability solutions.

Philion Pushes for Greater Collaboration Philion’s latest comments follow remarks he made a day earlier about Cardano and its founder. In a post on X, he welcomed Hoskinson’s renewed activity in the crypto industry despite their past disagreements over interoperability strategies.

“It’s nice to see Charles Hoskinson back in the saddle,” Philion wrote.

Philion said he previously disagreed with Hoskinson over what he viewed as duplicated efforts in XRP and Bitcoin interoperability. Instead, he argued that networks could use existing assets such as FXRP and FBTC through LayerZero rather than creating separate bridging systems.

According to Philion, greater cooperation would benefit the industry as a whole. He added that the crypto ecosystem would be worse off without Hoskinson, Cardano, and Cardano’s privacy-focused sidechain project, Midnight.

It’s nice to see @IOHK_Charles back in the saddle.
I have disagreed with him in the past regarding duplication of work on XRP & BTC interoperability – my position is that networks can just use FXRP & FBTC via @LayerZero_Core .
More importantly this space would be worse off…

— Hugo Philion (@HugoPhilion) June 9, 2026

In sum, cross-chain connectivity remains a major focus as blockchain projects work to connect different networks. While Flare has not announced any plans to bring FXRP to Cardano, its exploration of LayerZero DVN technology shows ongoing interest in improving interoperability across blockchain ecosystems.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Rubio: US and Iran to continue technical consultations at the end of this month

Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)

5 hours ago

Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.

According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.

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Bitcoin falls below $60,000

According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.

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US Treasury Secretary: AI boom may boost productivity and help curb inflation.

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US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.

According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.

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During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.

According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.

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Solana has landed in a pretty unique position within the blockchain world, becoming the network of choice for artificial intelligence agents.

A recent report from Franklin Templeton shows that around 70% of these virtual assistants depend on Solana’s capabilities for their operations.

This is reflective of the capability of Solana to process an extremely high volume of transactions with reasonable efficiency and a much lower cost than any other blockchain network.

The Emergence Of AI Agents AI agents are altering the digital realm. These advanced agents not only accomplish tasks but also make decisions and significantly improve operation efficiency in the crypto sector.

One of them is the Truth Terminal, an artificial intelligence chatbot which initially became popular for promoting a fictional religion but later attracted enormous attention by championing the meme coin, Goatseus Maximus, based on the Solana blockchain.

Such a project indicates how AI agents can impact the market dynamics as well as influence users in such a manner.

Intersection of AI Agents & the Crypto Ecosystem pic.twitter.com/dr621skRxy

— Franklin Templeton Digital Assets (@FTDA_US) January 14, 2025

Solana Competitive Advantage What sets Solana apart? Its high throughput and low transaction fees make it a perfect platform for AI applications. As demand for computing power continues to increase, developers are now realizing the benefits of developing on Solana.

With its scalable architecture, the blockchain can accommodate the data-intensive nature of artificial intelligence technology. This is significant since AI is still developing and permeating many different industries.

Innovative Projects Thriving There are already a lot of new projects starting up in the Solana environment. ARC is working on making rule-based AI bots that help people make decisions, while Zerebro is using the blockchain to make AI-generated music and NFTs. These projects show how AI can be used in a variety of ways on Solana, showing how flexible it is and how appealing it is to creators.

SOL market cap currently at $90.6 billion. Chart: TradingView.com Another highly interesting project is Nosana, which will build a decentralized grid of GPU resources running on Solana. It seeks to lower the costs for developers who require computing power to run their AI models by tapping into the idle GPUs from consumers and businesses. This will not only maximize resource utilization but also democratize access to this essential technology.

Market Potential And Future Outlook The market for AI tokens is growing even though it is still in its infancy; at present, it is worth about $4 billion, or barely 0.12% of the total value of the cryptocurrency market. However, this market has grown significantly; in a single day, some projects supported by Solana increased the overall market capitalization of AI tokens by 15%.

Featured image from The Elm, chart from TradingView

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

17.06.2026 - 13:27

Update: 17.06.2026 - 13:27

World Liberty Financial (WLFI), the DeFi project of US President Donald Trump and his family, which recently made headlines due to tensions with Tron (TRX) founder Justin Sun, is making new moves.

Accordingly, WLFI is very close to receiving approval to establish a bank in the United States.

According to NOTUS, WLFI is expected to soon receive approval to operate as a national trust bank amid concerns about potential conflicts of interest with the U.S. president.

According to the report, the U.S. Office of the Comptroller of the Currency (OCC) will soon announce its final decision on the bank license application. Two former OCC employees, who spoke to NOTUS on condition of anonymity, see approval as almost certain.

If the license is approved, WLFI will have a significant advantage in directly issuing its own stablecoin, USD1. At this point, the federal trust bank establishment permit will allow World Liberty to issue and repurchase bonds worth $1.

The company will also be able to manage reserves, provide cryptocurrency custody services, and offer payment and clearing services, all under a single federal regulatory framework.

Although approval was considered a certainty, World Liberty Financial’s application for a bank license was met with objections from senators and banking groups. Democratic Senator Elizabeth Warren asked the OCC to delay its review of the application due to conflicts of interest and national security concerns.

In this context, experts predict that OCC approval will further escalate political backlash against US President Donald Trump regarding potential conflicts of interest.

As you may recall, World Liberty Financial applied to the OCC earlier this year for a national trust bank license. This application followed the OCC’s conditional approval of several crypto companies, including Circle, Ripple, and BitGo.

*This is not investment advice.

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The financial sector, let alone the crypto market, has buzzed with excitement as Elon Musk’s DOGE announced an audit into the US Securities and Exchange Commission (SEC). Recently, the Department of Government Efficiency (D.O.G.E.) has announced a probe into the US SEC for “waste, fraud, and abuse”, sparking market discussions. Adding to the excitement, XRP lawyer John Deaton has extended his backing for Musk and the department, gaining notable traction from the market participants.

Meanwhile, XRP lawyer John Deaton is a well-known figure in the crypto industry, especially because of his role in the Ripple Vs SEC lawsuit. In addition, he also ran for election to the US Senate (Republican Party) to represent Massachusetts against Elizabeth Warren, whom many deem as an anti-crypto regulator. However, he lost to Warren in the election.

XRP Lawyer John Deaton Joins Forces With Elon Musk’s DOGE XRP lawyer John Deaton, a well-known figure in the crypto industry, has publicly backed the latest initiative of Elon Musk’s DOGE. Deaton, who played a crucial role in the Ripple Vs SEC lawsuit, has taken to social media to extend his expertise. In a recent X post, Deaton stated:

“Elon Musk & DOGE needs to talk to me and I can show you a few things I’ve learned (and helped expose) the last few years.”

His comment has sparked widespread reactions, with crypto enthusiasts welcoming his involvement in the probe against the SEC. Notably, ex-Ripple executive Sean McBride also lauded the latest move by the XRP attorney, sparking discussions in the market.

XRP Community Lauds As Elon Musk’s DOGE Takes Aim At US SEC The newly created X account “DOGE SEC” has actively sought public assistance in gathering evidence against the regulatory agency. In an open call, the account posted:

“DOGE is seeking help from the public! Please DM this account with insights on finding and fixing waste, fraud, and abuse relating to the Securities and Exchange Commission.”

This move has received backing from prominent figures in the industry. Investigative journalist Laura Loomer urged the probe to start with former SEC official Bill Hinman, whose dealings remain under scrutiny. Reacting to that, XRP lawyer Bill Morgan echoed her sentiments, calling it the “perfect place to start.”

Source: Bill Morgan, X Crypto Community Calls Out SEC’s Actions The SEC has been under fire for its handling of key cases, including the XRP lawsuit. The agency has reportedly withheld 201 documents related to its communication with JPMorgan about Ripple and XRP. Ripple’s Chief Legal Officer, Stuart Alderoty, previously stated, “I have the receipts,” indicating evidence of possible US SEC misconduct.

This has also sparked discussions if the latest probe could lead to an end in the ongoing Ripple Vs SEC lawsuit. Notably, a top XRP lawyer has recently commented on the potential impact of the Ripple lawsuit on the XRP ETF approval process, which has gained immense attention from market watchers.

Meanwhile, Coinbase’s Chief Legal Officer, Paul Grewal, also weighed in, suggesting that those who successfully defend themselves against SEC lawsuits should be reimbursed for legal fees. Meanwhile, critics have called for a closer look at the “ETH Gate” controversy, which alleges that the SEC gave preferential treatment to Ethereum while targeting other crypto firms.

Having said that, with the DOGE initiative gaining traction and XRP lawyer John Deaton lending his legal expertise, pressure is mounting on the US SEC to address its controversial actions. Whether this probe leads to tangible changes remains to be seen, but it has undoubtedly reignited the crypto community’s call for accountability.

Ripple’s Vegas Tease Sparks Hype: Swell & Apex Unite for Biggest XRP Event Ever

Hollywood A-lister Matt Damon is slated to appear at the upcoming Ripple Swell conference. The much-anticipated event, which will take place in New York for the second year in a row, has been scheduled for Oct. 27–29. 

The acclaimed actor and philanthropist will take the stage to discuss cross-border stablecoin payments and the global need for clean water, which has become one of the most pressing issues. 

On top of being a Hollywood superstar, Damon is also the co-founder of the nonprofit Water.org alongside engineer Gary White. 

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Damon Ripple Payments and the U.S. dollar-backed stablecoin RLUSD show real-life impact across emerging markets in Asia, Africa, and Latin America.

The "Get Blue" campaign Currently, more than two billion people worldwide have no access to safe water at home. 

Water.org has launched the "Get Blue" campaign to address this issue. Apart from Ripple, the impressive list of its corporate foundational partners includes the likes of Amazon and Gap. 

According to the U.S. Environmental Protection Agency, direct water consumption by U.S. data centers is projected to hit 73 billion gallons by 2028. 

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The initiative will focus on using a portion of corporate sales and direct donations to Water.org, providing affordable financing for essential water utilities and scaling transactions (where RLUSD comes in handy).

"Fortune favors the brave"  Damon is widely celebrated for a decades-long Hollywood career. He has starred in such acclaimed movies as "Good Will Hunting", "Saving Private Ryan,", and the blockbuster "Jason Bourne" franchise.

Among crypto enthusiasts, however, Damon is also known for his infamous October 2021 appearance in a Crypto.com commercial. 

The polarizing ad featured Damon comparing crypto investors to historical pioneers with the "Fortune favors the brave" tagline, which has since become a meme. 

The commercial premiered at the worst possible time (right on the cusp of a major crypto crash). Unsurprisingly, Damon had to deal with a lot of internet lampooning after this. 

Damon’s appearance, which will certainly excite XRP fans, adds to a list of prominent global figures gracing the Ripple Swell stage. In October 2018, for instance, former U.S. President Bill Clinton delivered a high-profile keynote address at the Swell conference in San Francisco. 

In major XRP news today, Hollywood actor and philanthropist Matt Damon will speak at Ripple Swell 2026 alongside Ripple CEO Brad Garlinghouse and CTO Emeritus David Schwartz.

This is expected to be the largest Ripple Swell to date, with a focus on topics including agentic finance, tradFi adoption, tokenization, cross-border payments, DeFi, and XRP Ledger utility.

Ripple Swell Confirms Matt Damon Among Brad Garlinghouse, David Schwartz as Speakers Matt Damon, co-founder of the nonprofit Water.org, is confirmed as a speaker at Ripple Swell 2026. He will share how the organization is using Ripple Payments and the RLUSD stablecoin to speed up cross-border payments for clean water projects.

Water.org has mobilized $7.7 billion and positively impacted 88 million lives across Asia, Africa, and Latin America. Ripple joined the “Get Blue” campaign to fight the global water crisis earlier this month. Matt Damon’s participation highlights major news for the XRP community.

Ripple CTO Emeritus David Schwartz also confirmed, saying, “I wouldn’t miss it” as this will be the largest Swell event yet. Amid the XRP Ledger upgrade news, he asked the community to bring the best ideas.

“The best part of these events is always seeing the new ways people are using XRP and building on the XRP Ledger. Looking forward to diving into core use cases around payments, tokenization, interoperability, DeFi, AI, and whatever comes next,” he added.

Ripple CEO Brad Garlinghouse is expected to speak on crypto regulation news, the company’s growth and new partnerships, along with XRP and RLUSD stablecoin adoption.

“10 years of Swell converging with real scale, institutional adoption, and Swell + Apex together for the first time this fall. We’ve been building toward this moment — see you in New York!”

Additional confirmed speakers include Ripple president Monica Long, Bullish CEO Tom Farley, and TradeWeb CEO Billy Hult amid traditional finance-crypto convergence.

And we’re back for year 10 (!)…@RippleSwell 2026 will be our biggest event ever, with main stage keynotes, multiple tracks (Institutional, Ecosystem, and Innovation), and much more.

An experience that’s both audacious and illuminating, taking place in the financial capital of… pic.twitter.com/bXoca93VfM

— Monica Long (@MonicaLongSF) June 18, 2026

Will XRP Price Rebound amid Positive News? XRP fell 4% further over the past 24 hours, with the price currently trading at $1.13. XRP dropped from a 24-hour high of $1.18 to $1.12 as it continued to trade below key moving averages and crypto options expiry.

Furthermore, trading volume has increased by 12% over the last 24 hours. This indicated investors moved to liquidated holdings after the hawkish Fed tone.

In the past 24 hours, XRP derivatives traders on Binance moved into a clear risk-off mode, while spot traders accumulated aggressively. Almost $41 million positions flushed to mark the largest short-term reset since April.

XRP Futures Open Interest Falls on Binance. Source: CryptoQuant However, CoinGlass data showed buying in the derivatives market in the last 4 hours. Amid recent XRP news of Matt Damon as speaker at Ripple Swell, total XRP futures open interest jumped 0.45% to $2.59 billion. XRP futures OI on CME fell 0.19%, but increased 0.23% and 1.13% on Binance and OKX, respectively.

Ripple CEO Brad Garlinghouse has stated that "a moment is real" for the crypto industry while announcing his participation in the much-hyped Swell conference.  

"I've been in crypto long enough to know when a moment is real," Garlinghouse said in a public statement. 

"This is one of them. 10 years of Swell converging with real scale, institutional adoption, and Swell + Apex together for the first time this fall. We've been building toward this moment — see you in New York!" he added. 

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The "biggest Swell ever"Other top Ripple executives are also excited about the upcoming event, which will take place on Oct. 27-29 in New York. 

Ripple President Monica Long has noted that the Swell conference will be Ripple's biggest event ever. 

"And we’re back for year 10 (!)… Ripple Swell 2026 will be our biggest event ever, with main stage keynotes, multiple tracks (Institutional, Ecosystem, and Innovation), and much more," Long noted. 

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David Schwartz, Ripple’s Chief Technology Officer Emeritus, also took note of the significance of the event, focusing heavily on the tangible utility and developer activity flourishing around Ripple's core technology.

"I hear this will be the largest Ripple Swell yet. I wouldn't miss it," Schwartz stated. "The best part of these events is always seeing the new ways people are using XRP and building on the XRP Ledger. Looking forward to diving into core use cases around payments, tokenization, interoperability, DeFi, AI, and whatever comes next. Bring your best ideas and meet me there, XRP community," he said. 

From Hollywood to Wall StreetRipple Swell 2026 already boasts a star-studded speaker lineup. As reported by U.Today, it will include none other than Hollywood superstar and philanthropist Matt Damon, the co-founder of Water.org. 

Damon will showcase how the non-profit is using Ripple Payments and Ripple's U.S. dollar-backed RLUSD stablecoin. 

Tom Farley, the Chairman and CEO of crypto exchange Bullish and the former President of the New York Stock Exchange (NYSE), will also take part in the event. 

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June 19, 2026

The XRP community’s reaction to the Ripple Swell 2026 announcement was immediate and hostile. Retail holders flooded the @RippleSwell reply thread within hours of the announcement. The consistent theme was not excitement about 1,500 attendees or a merged XRPL Apex agenda; it was anger that Ripple’s flagship institutional event appears to be building a case for RLUSD while XRP falls.

FUUUUUCK YOU. replaced XRP with your fucking stable coin your entire funding fan base will have a target on your heads.

— Beer and Bonfires (@xmasbrent) June 19, 2026 The frustration has a specific target as Ripple’s USD-pegged stablecoin is taking up conference oxygen that long-term holders believe should belong to XRP. Community members used language that ranged from sharp to outright furious. The community is even calling Ripple’s leadership out by name, including CEO Brad Garlinghouse.

The underlying accusation is not subtle. Ripple is constructing a regulated institutional business around RLUSD while XRP’s price stagnates and holders are disappointed.

Discover: The Best Token Presales

Swell 2026 Scope: What’s Ripple Actually DoingSwell 2026 is scheduled for October 27–29 at The Shed in Hudson Yards, New York City, and represents the first time Ripple is folding its developer-focused XRPL Apex summit into the main Swell conference. The combined event is targeting 1,500-plus attendees, 75-plus speakers, and 50-plus sessions across three programmatic stages covering finance, blockchain infrastructure, and digital assets.

Ripple’s stated agenda themes include payments, tokenization, decentralized finance, AI applications, interoperability, and stablecoins. RLUSD’s role in enterprise treasury management and cross-border settlement is a prominent feature of the institutional track.

I've been in crypto long enough to know when a moment is real. This is one of them.

10 years of Swell converging with real scale, institutional adoption, and Swell + Apex together for the first time this fall. We've been building toward this moment — see you in New York!… pic.twitter.com/EQnLPMmLrA

— Brad Garlinghouse (@bgarlinghouse) June 18, 2026 The XRP Ledger’s milestone of surpassing 4 billion completed transactions is being cited by Garlinghouse as evidence that the network has matured enough for the institutional audience Ripple is targeting.

Garlinghouse framed the moment with deliberate confidence:

“I’ve been in crypto long enough to know when a moment is real”

The statement positions Swell 2026 as a threshold event for institutional crypto adoption, which is accurate as a description of Ripple’s ambition, but says nothing specific about what that adoption means for XRP price or holder value.

Discover: The Best Crypto to Diversify Your Portfolio

XRP Holders Are Not Hiding Their FrustrationThe community sentiment is not a fringe reaction. Retail XRP holders expressed a clear and recurring grievance. Ripple is allocating conference prominence to RLUSD and institutional partnerships while XRP’s price continues to underperform relative to the company’s corporate milestones.

People are saying Brad is a grifter, using XRP holders as a ponsy scheme to buy other companies. I pray he pays the ultimate price. Lawsuits from XRP holders will bankrupt Ripple and have a negative impact on the Crypto market as a whole. Time will tell..,.

— Aramis (@Aramis910961) June 19, 2026 The tone in several replies was openly hostile toward Garlinghouse and the Ripple leadership team, with holders describing themselves as investors who have been systematically sidelined.

The token burn argument has re-emerged as a focal point. A portion of the XRP community is pushing for supply reduction as a mechanism to create direct price pressure, a demand that Ripple has consistently declined to act on.

That refusal, combined with a conference agenda that leads with stablecoins and tokenization rather than XRP utility, is being read by holders as a signal about where Ripple’s actual priorities sit.

Community sentiment of this intensity is a legitimate market signal. When the XRP community, historically one of the most vocal and coordinated retail bases in crypto, publicly turns on a Ripple event, it registers in social volume metrics that can suppress short-term buying pressure and amplify sell-side momentum.

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XRP appears to be defying established market behaviors, as its price spikes alongside exchange inflows.

XRP is showing a pattern that goes against how most crypto assets behave, especially when looking at exchange flows. Notably, instead of rising when tokens leave exchanges, the XRP price seems to increase when more tokens move into exchanges. 

Key Points XRP’s price seems to increase during exchange inflows and decrease when tokens flow out of exchanges. Data shows the XRP price rose from $0.551 to $0.688 between January and March 2024, while exchange reserves increased from 2.65 billion to over 3 billion tokens. In the ongoing downturn starting in October 2025, XRP has fallen from $2.8 to about $1.4, while reserves have dropped from 3 billion to 2.79 billion XRP. Rising inflows alongside rising prices suggest the market is seeing strong activity, where demand absorbs supply despite more tokens entering exchanges. When demand weakens after high inflows, earlier deposits begin to add selling pressure, leading to price slowdowns or reversals. XRP Price Following Exchange Flows XRP community analyst Xaif called attention to this data while citing a report from CryptoQuant. Notably, in most cases, when investors move assets off exchanges, it suggests they plan to hold for a longer time. This reduces selling pressure and often supports price growth. 

However, XRP does not seem to follow this pattern. Instead, its price often rises as more tokens flow into exchanges and falls when those tokens leave. This unusual behavior suggests that the usual supply and demand signals may not accurately track XRP’s price action.

The market pundit also pointed out that before XRP sees a massive price explosion, both inflows and outflows often surge in tandem with each other. “On paper, people are NET SELLING into the pump. So who’s buying?” He asked, suggesting that something else is behind these moves.

According to Xaif, many traders misunderstand XRP by applying the same approach they use for assets like Bitcoin (BTC). According to him, XRP does not behave the same way, and traders who rely on standard on-chain indicators could get the wrong read on the market.

Historical Data Supports the Pattern Historical data helps confirm this trend. Figures from Binance show that between Jan. 18, 2024, and March 10, 2024, XRP reserves on the exchange increased from 2.65 billion tokens to over 3 billion tokens. During the same period, the price rose from $0.551 to $0.688, moving in the same direction as the rising reserves.

XRP Binance Exchange Flows | CryptoQuant A similar pattern appeared during the rally between November 2024 and January 2025. Specifically, XRP’s price jumped from $0.5 to $3.4, while Binance’s reserves increased from 3 billion tokens to 3.2 billion tokens. While the rise in reserves was smaller compared to the price jump, both still moved upward together.

The trend has continued amid the decline that started in October 2025. Notably, XRP’s price has dropped from $2.8 to about $1.4, while Binance reserves have also fallen from 3 billion XRP to 2.79 billion XRP. 

What Could Be Driving This Behavior This pattern suggests that XRP’s investors start locking profits whenever XRP spikes. Specifically, during price rallies, traders and large holders often move tokens onto exchanges to take profits as the prices rise. However, these inflows do not immediately push prices down because strong demand absorbs the supply.

As a result, both buying and selling can stay high at the same time. Essentially, prices continue to rise while more tokens enter exchanges because buyers are still active enough to match the selling. In this phase, the inflows show strong market activity, not immediate weakness.

However, once the initial demand begins to slow, the situation changes. The tokens that traders moved into exchanges earlier start to have a stronger effect. The selling pressure builds, and prices begin to stall or fall. This is when earlier inflows start to weigh on the market.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Solana’s price action this year has followed a clear but uncomfortable pattern. After pushing to a new all-time high around the $296 region in January, the rally quickly lost momentum and transitioned into a steady decline that has persisted for months. 

Many traders have attributed this weakness to a risk-off sentiment across crypto, but a deeper on-chain breakdown shared by crypto analyst Ardi on X suggests the story began well before the January peak and has more to do with who was buying and who was quietly exiting.

Distribution Was Already Underway Before The January Peak Solana has been on a clear downtrend since September, when it reached a lower high of around $247 compared to its January 19 all-time high of $293. One of the most important insights from Ardi’s analysis is that Solana’s January all-time high did not mark the start of distribution but rather the culmination of it. 

The chart attached to his post shows that selling volume was already increasing months earlier, well ahead of October, meaning that large holders were positioning for exits long before price reached its final peak. From that perspective, the January high looks less like the beginning of a new expansion phase and more like the last push of a rally. 

Source: Chart from Ardi on X After that point, price action began forming lower highs, and each rebound attempt lacked the strength needed to reclaim the all-time high. Interestingly, Solana failed to reach a new all-time high, even as other large market cap cryptos like Bitcoin, Ethereum, XRP, and BNB pushed to new all-time highs during the year.

Another interesting feature of the data is the widening gap between retail behavior and that of larger players. Cumulative delta metrics on the chart show that retail-sized wallets have been consistently active throughout the year and are increasing their activity even as Solana’s price moved lower.

On the other hand, mid-sized and institutional wallets tell a very different story. Their activity has been trending downward for months, starting from the January peak and extending up until the time of writing.

Is Solana’s Price Becoming Dependent On Memecoin Activity? Ardi’s analysis also raises a broader question about what is currently driving demand for Solana. Outside of retail activity on Solana itself, one of the few consistent sources of activity has been the memecoin sector. Successes and booms of meme coins like Cat in a Dogs World (MEW), Peanut the Squirrel (PNUT), and Fartcoin (FARTCOIN), which gained traction in the second half of 2024, contributed to Solana’s push to all-time highs during those periods.

Those meme coin successes culminated with the launch of the Official Trump ($TRUMP) token in January 2025 on Solana, which experienced eye-watering gains shortly after its launch. This, in turn, contributed to Solana’s all-time high in January. 

However, since then, the TRUMP token and other Solana-based meme coins have been trending downwards in recent months and no longer command the same level of attention or trading intensity they had this time last year. That has led to the view that Solana’s price is increasingly sensitive to the success of memecoins in its ecosystem. 

At the time of writing, Solana is trading at $121.50, down by about 58.6% from its January all-time high of $293.

SOL trading at $121 on the 1D chart | Source: SOLUSDT on Tradingview.com Featured image from iStock, chart from Tradingview.com

XRP, Cardano, or DeepSnitch AI ($DSNT): Best Altcoins To Buy During the Crypto Dip Are About Growth, but Only DeepSnitch AI Seems a 100x Blast

Tue 23 Jun 2026 ▪ 4 min read ▪ by Ariela R.

Summarize this article with:

On June 22, 2026, the US spot Bitcoin ETF market recorded net outflows of $68.18 million. This decline is explained by massive redemptions on BlackRock’s IBIT and Grayscale’s GBTC. These outflows completely overshadowed the positive performance of Ark Invest (+$64 million) and Fidelity (+$57.38 million). Above all, it reflects a strong polarization among institutional investors.

In Brief Bitcoin ETFs show a net loss of $68.18 million during the June 22, 2026 session. Ark Invest (ARKB) and Fidelity (FBTC) nonetheless attracted a combined inflow of $121.38 million, proving continued buying demand. Ethereum funds also recorded a decline of $66.38 million, while Bitwise’s XRP gained $5.31 million. The total net assets under management of Bitcoin ETFs reach $80.22 billion, confirming the structural anchoring of these products in institutional portfolios. Bitcoin ETFs Remain Under Pressure Despite Some Positive Signs At first glance, the session on June 22, 2026, in the US spot Bitcoin ETF market looks like an ordinarily bearish day. Analysts also reveal a record withdrawal of $6.35 billion over 30 days. However, SoSoValue’s data highlights a more complex reality: never before has a day in negative territory hidden so many active institutional purchases.

ARK & 21Shares lead the charge with $64 million in net inflows into their ARKB fund, closely followed by Fidelity’s Bitcoin ETF, which captured $57.38 million. Together, these two issuers have absorbed over $121 million in spot bitcoin.

Chart showing the evolution of Bitcoin ETF flows (Source: SoSoValue) Additional inflows include:

Grayscale Bitcoin Mini Trust: +$48.14 million Morgan Stanley’s MSBT: +$8.11 million Franklin Templeton’s EZBC: +$3.72 million WisdomTree’s BTCW: +$3.40 million In total, the aggregated demand from six ETF issuers exceeded $228 million. This represents one of the largest coordinated buying days in several weeks.

The Weight of BlackRock and Grayscale Tips the Bitcoin ETF Market Certainly, the buyer base remains solid. However, the Bitcoin ETF market was overwhelmed by extreme concentration of outflows on two specific investment vehicles.

The main culprit of this institutional Black Monday is BlackRock’s IBIT (iShares Bitcoin Trust). The asset management giant suffered massive outflows of $171.96 million in a single session. It had just launched the first-ever yield-bearing Bitcoin ETF.

Meanwhile, the GBTC (Grayscale Bitcoin Trust) records a disinvestment of $80.96 million. The manager tries to offset these losses through its Mini Trust. However, the historically high management fees of GBTC structurally encourage early investors to migrate to more competitive structures or take profits.

Beyond Bitcoin: Ethereum Stumbles, While XRP Surprises The spot Ethereum ETFs had an even tougher day. The data reveal a net loss of $66.38 million, almost entirely attributable to BlackRock’s ETHA fund. The only positive inflow on Ethereum that day came from 21Shares’ TETH, with $346,070 of inflows. The total net assets of Ethereum ETFs stand at $9.44 billion, with a daily volume of $433.10 million.

For crypto assets alternative to bitcoin, the XRP ETFs are the only source of color in an overall red picture. Bitwise captured $5.31 million, bringing the total net assets of the XRP category to $993.29 million. This represents a symbolic drop of $7 million from the billion-dollar mark. A threshold to watch in the coming sessions!

The Solana and HYPE ETFs remained completely inactive on this day. Solana’s assets stand at $836.09 million, and HYPE’s at $219.58 million.

In any case, this trading session highlights the end of the homogeneity of institutional flows on cryptocurrencies. Upcoming flow reports and US monetary policy decisions will be crucial to determine whether this phase of weakness marks a simple pause or the beginning of a new cycle for Bitcoin ETFs. Stay tuned…

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Ariela R.

My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

A trader on Hyperliquid is experiencing losses on an XRP trade after taking on a massive leveraged position worth nearly $31 million.

The position drew attention in the crypto community due to its size, high leverage, and the uncertainty currently affecting crypto markets.

Data from Hyperliquid Whale Tracker shows the trader opened a 27.92 million XRP long position using 20x leverage over the past four hours. The position is worth roughly $30.84 million and was entered at an average price of around $1.127.

High-Risk XRP Bet The trade signals strong confidence in XRP, even as the token’s price remains under pressure. According to the tracker, the whale’s 27.92 million XRP position has a liquidation price of about $0.9115. At the time of the snapshot, the trade was showing an unrealized loss of approximately $631,000.

XRP’s price is trading near $1.10, down 9% over the past seven days. The token has also fallen 18% in the last month and remains about 40% lower year-to-date.

Despite the downturn, some traders appear to be positioning for a rebound. The whale’s latest move suggests confidence that XRP could recover from current levels.

Source: CoinGlass Bitcoin Position Pushes Loss Over $2M Meanwhile, the trader is not only betting on XRP. The same account also holds an 809.9 BTC long position with 20x leverage. The Bitcoin trade is worth about $50.9 million and was opened at an average entry price of roughly $65,050.

At the time of the snapshot, the Bitcoin position was showing an unrealized loss of around $1.77 million.

Together, the XRP and Bitcoin trades are worth more than $81 million. Meanwhile, the trader’s combined unrealized losses exceeded $2.1 million, while losses over the past 24 hours were more than $1.3 million.

Notably, Bitcoin has also struggled in recent weeks. The leading cryptocurrency is trading around $62,200. It is down 4.3% over the past week and roughly 18% over the last month. Bitcoin remains about 30% lower year-to-date.

The Road Ahead By maintaining large long positions in XRP and Bitcoin, the whale is betting that the recent sell-off is a buying opportunity. However, many market watchers expect XRP to dip further below $0.5 before a sustainable rebound.

For instance, Ali Martinez has said $0.90 could be a good buying opportunity for long-term holders. On the other hand, an analysis by The Crypto Basic suggests even lower levels. It suggests XRP price could revisit November 2024 lows of $0.6, which could open the door to a new all-time high.

Essentially, XRP is under pressure for now, and any rebound is likely to be short-lived.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Crypto sells off amidst Trump Tariff Turmoil! $Trove falls 90% in awful TGE! Pump Fund announced!

Crypto majors are red following Trump’s tariff turmoil; BTC -2% at $91,100; ETH -4% at $3,105, SOL -3% at $129; XRP -2% to $1.93. CC (+12%), MYX (+5%) and SYRUP (+4%) led top movers. The NYSE began preparations for 24/7 tokenized stock and ETF trading. Steak ’n Shake revealed roughly $10M in Bitcoin exposure alongside the creation of a corporate BTC strategic reserve. Vitalik Buterin called for more sophisticated DAO governance models to improve accountability, coordination, and long-term sustainability. Bermuda outlined plans for a fully onchain national economy, working with Coinbase and Circle on payments, identity, and tokenized financial infrastructure. In Corporate Treasuries / ETFs. The BTC ETFs saw $394M in net outflows on Friday breaking a 4-day inflow streak; ETH ETFs stayed green with $4.7M in inflows. In Memes / Onchain Movers. Meme majors were red along with majors; Doge -1%, Shiba -1%, PEPE -2%, TRUMP -1%, Bonk -1%, Pengu -4%, SPX -12%, WIF -1% and Fartcoin -8%. USOR (+70%), GSD (+50%), and Eliza Town (+800%) led onchain movers.

Cover image via youtu.be Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

TL;DRXRP/BTC rebound: After a nerve-wracking dip toward 0.000018, XRP reclaimed the 0.00002088 level versus Bitcoin, effectively dodging a catastrophic breakdown as the month of February expires.Buterin’s philanthropy: Ethereum’s founder follows his plan to donate 7,386 ETH ($15.51M) to open-source and biotech projects with new selling on-chain.SHIB versus PYUSD: A $400 million valuation gap is all that stands between Shiba Inu and PayPal USD, and historical March volatility suggests a ranking reshuffle is back on the menu.XRP news: XRP escapes breakdown versus Bitcoin in FebruaryAs the final full week of February 2026 begins, the digital asset market is revealing that the XRP/BTC pair displayed by TradingView is providing a masterclass in "clinging to the edge." For much of the month, the chart resembled a slow-motion crash, with XRP teetering on the brink of a new multi-year low against the largest cryptocurrency.

However, the monthly close tells a different story, one of stubborn resilience. Closing near 0.00002088 on Binance, XRP managed to avoid a definitive settlement below 0.00002 BTC — a price point where the foundational middle Bollinger Band is stretched on the monthly XRP/BTC chart by TradingView — which would have signaled a "lights out" scenario for bulls.

XRP/BTC Monthly Chart by TradingViewExamining the chart reveals a substantial upper wick from earlier in the year near 0.000030 — a faint memory of a rally that failed to endure — yet the underlying structure remains curiously unbroken. While the lower Bollinger Band is creeping up toward 0.00000813, suggesting that the long-term floor is rising, the immediate concern is the mid-band rejection. However, the higher-low sequence established in late 2024 remains the dominant narrative.

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As long as the 0.000018 panic wick from earlier this month is not breached on a closing basis, the "breakdown" will remain a "shakeout."

On the daily chart, the technical tug-of-war is even tighter. XRP is currently sandwiched between its short-term moving averages at 0.00002083 and 0.00001969 per BTC. With Bitcoin maintaining a dominant posture in Q1, XRP is not looking to lead the market.

However, its refusal to collapse suggests that liquidity is rotating back into the "old guard" just as the bears were getting comfortable. If XRP can punch through 0.0000219 next week, the conversation will shift from survival to a potential recovery to 0.000024 per BTC.

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Ethereum news: Vitalik Buterin keeps selling ETH for charityWhile technical traders scrutinize XRP’s candles, Vitalik Buterin reminds the market that Ethereum is, at its core, a social utility tool. The Ethereum co-founder has been systematically selling portions of his holdings, but the on-chain data offers a much more sophisticated picture than the "dump" narrative suggests.

Since Feb. 2, Buterin has moved 7,386 ETH, netting approximately $15.51 million at an average realized price of $2,100. The donations continued this weekend.

Vitalik Buterin's Latest On-Chain Activity by ArkhamThe latest move, originating from the now-famous "0xfEB0...03B2" address, saw 428.57 ETH converted into about $850,178 worth of GHO. These funds are earmarked for high-impact sectors, such as biomedical research (like the Kanro Foundation) and open-source software development.

What’s interesting here is the "how." Buterin is not selling on the market on Coinbase and driving down the price for everyone else. Instead, he is using CoW Swap and Aave, leveraging batch auctions and decentralized liquidity protocols to ensure his transactions have the least possible impact on the order books.

Even after these million-dollar distributions, Buterin remains the heavyweight champion among individual ETH holders, with over 240,000 ETH (equal to around $467 million).

SHIB news: Shiba Inu's (SHIB) path to dethroning PayPal USDFinally, in this morning's crypto update, the market is witnessing a showdown between the largest meme coin on Ethereum and a stablecoin backed by a global payments giant as Shiba Inu (SHIB) inches closer to overtaking PayPal USD (PYUSD) in the CoinMarketCap ranking. With SHIB's market cap at around $3.67 billion and PYUSD at $4.07 billion, the difference is only $400 million. In a market as volatile as we have seen this February, that is essentially a rounding error.

SHIB is currently trading at $0.000006239, and while its monthly performance has been lackluster — down about 8.31% in February — history suggests that "SHIB Season" is approaching. Looking back at February 2024, it was a modest precursor to a massive 145% explosion in March. If history repeats itself, the current 24-hour trading volume of $96 million could be the calm before the storm.

CoinMarketCap Ranking with PayPal USD and Shiba Inu (SHIB)The "dethroning" of PayPal USD would be a substantial symbolic victory. PYUSD is designed to stay pinned to $1.00, and its market cap only grows when new institutional money enters the PayPal ecosystem. SHIB, on the other hand, grows through retail enthusiasm and ecosystem expansion. If SHIB can reclaim the $4 billion valuation threshold, it will not just surpass a stablecoin but also signal a shift in market psychology from "defensive stability" to "speculative appetite."

To achieve this in March, SHIB must clear the $0.0000069 resistance level. If it fails, the likely path is a slide back to $3.3 billion, but with the "March effect" looming, the big players are probably keeping a close eye on that $400 million gap.

XRP, ETH, SHIB: Key levels to watch last week of FebruaryAs we transition into the final days of February and look toward a fresh March monthly open, the road map for these three assets is clearly defined by structural floors rather than speculative ceilings.

XRP and Bitcoin (BTC): The line in the sand is 0.0000205. If we close a daily candle below this, the "escape" was a fake-out, and we go back to testing the 0.000018 abyss. On the flip side, a move above 0.0000219 validates the monthly recovery.Ethereum (ETH): The $1,900-$2,100 pocket is the battlefield. We need to see ETH hold this level despite the ongoing $15M+ distribution from Buterin. If it holds, the next stop is to reclaim $2,250.Shiba Inu (SHIB): Forget the price for a second and watch the $4.0 billion market cap. This is the psychological trigger point. If SHIB’s valuation crosses this line, expect a surge in "flippening" narratives that could carry it toward the $0.0000075 price target.The market is not screaming for a moonshot yet, but it looks like it is done falling. We are in the "digestion phase," where smart distributions and defenses set the stage for the next major leg.

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