Track market-moving stories before they get noisy

In June 2025, a week before the XRP Ledger’s EVM sidechain went live, the team building it published the arithmetic of what was coming. Polygon had contributed somewhere between $2 billion and $6 billion in total value locked to Ethereum, up to a tenth of the whole.

Summary

The XRPL EVM sidechain promised a $600 million to $12 billion TVL uplift but holds only $25,741 after one year. The chain is technically live, audited, and maintained, but almost no users or capital have arrived. Moai Finance has recorded just $95,008 in cumulative spot volume across the sidechain’s entire existence. XRPL’s institutional mainnet activity grew while permissionless EVM DeFi failed to gain traction. The result suggests EVM compatibility alone does not create demand without users already waiting for cheaper or better execution. If the XRPL EVM sidechain matched that trajectory, the post argued, the uplift to the XRP Ledger would run from $600 million to $12 billion, and it would fundamentally change the demand curve for XRP. Ninety entities were already building. Sixty days of testnet had pulled in developers who had never touched the XRP ecosystem. The technology was ready. The builders were here.The sidechain launched on June 30, 2025. The anniversary passed two weeks ago.

As of July 14, 2026, total value locked on the XRPL EVM sidechain is $25,741, according to DefiLlama. Chain fees over the past 24 hours: zero. Chain revenue: zero. Decentralized exchange volume over 24 hours: zero. Over seven days: also zero. The largest protocol on the chain, a decentralized exchange called XRiSE33 Network, holds $11,909. The second largest, a launchpad named Riddle, holds $8,831. Moai Finance, the only protocol on the chain that has ever recorded meaningful trading, has done $95,008 in cumulative spot volume across its entire existence and currently holds $1,117.

The low end of the projection was $600 million. The delivery is $25,741. That is not a shortfall. It is a rounding error against a rounding error, and it is the most instructive number in the XRP ecosystem right now, because of what else the same ledger accomplished during the same twelve months.

What was actually built The technical work was not the problem, and it is worth stating that clearly before the autopsy.The XRPL EVM sidechain is a Cosmos SDK chain running Ethereum Virtual Machine compatibility, connected to the XRP Ledger mainnet through the Axelar bridge, which links more than eighty networks. XRP is the native gas token. Bridged XRP locks on mainnet and mints a synthetic version on the sidechain, so the design preserves mainnet supply integrity while freeing the asset for smart contract use. Consensus is proof of authority, targeting up to 1,000 transactions per second at fees far below Ethereum’s. Squid handles cross-chain transfers as the official interface. Band Protocol supplies oracles, Grove supplies public RPC endpoints. Wormhole integration was slated to follow, extending reach to more than 200 applications across 35 ecosystems.

Ripple built it with Peersyst and contributors from the Cosmos community. crypto.news covered the mainnet launch on June 30, 2025, where Ripple’s David Schwartz framed the sidechain as extending the ecosystem without altering what makes the XRP Ledger reliable. The launch roster included Strobe, a money market for lending and overcollateralized borrowing; Securd, a lending protocol for financing collateralized leverage; Vertex, a derivatives venue; plus Moai, Elys, XRise, and Hammy. The infrastructure was audited end to end. Subsequent releases hardened it further, with a v11 upgrade focused on economic security, IBC transfer hardening, and proof of authority validator management, and an upgrade to Cosmos EVM v0.4.1 adding ERC-20 mint and burn plus current Ethereum improvement proposals.

None of that is vaporware. Every component works. Someone can bridge XRP to the sidechain right now, deploy a Solidity contract, and trade on a decentralized exchange. The chain is live, secure, and functionally complete.It is also empty.That is the part worth sitting with, because it inverts the usual crypto post-mortem. The standard failure story is a project that promised more than it could build: the whitepaper outran the engineers, the deadlines slipped, the product never shipped or shipped broken. XRPL EVM shipped, on schedule, working, audited, and maintained through multiple upgrades over the following year. Every promise about the technology was kept. The only promise that failed was the one about people.

The decline, measured The most damning fact is not the small number. It is the direction.In August 2025, roughly six weeks after launch, DefiLlama showed the sidechain hosting three decentralized exchanges and a single launchpad, with combined total value locked of $100,818. Twenty four hour volume across the entire chain was $3,238, every dollar of it from Moai Finance. Riddle, XRiSE33 Network, and SurgeDefi recorded no trading activity whatsoever. Developer data at the time counted 168 developers on XRPL EVM against 8,448 on Ethereum, a gap of roughly 98%.

That was the bad news at six weeks. Today, eleven months later, total value locked is $25,741. The chain lost roughly three quarters of the little it had. The protocol count is nominally higher, with Midas RWA, Hyperithm, Portal, Axelar, and an NFT marketplace called Mintiq now listed, but every one of those additions reports zero total value locked on this chain. They are multi-chain protocols that support XRPL EVM the way a restaurant supports a dietary restriction: the option exists on the menu and nobody orders it.

The volume figures are what turn an underperformance into something stranger. Zero over 24 hours. Zero over seven days. Moai Finance, the chain’s only functioning exchange by any historical measure, shows $95,008 in cumulative volume since inception. Not per day. Total, across a year of operation, on the flagship DeFi venue of a chain built for a token with a market capitalization near $68 billion.

A chain with $25,741 of capital and no trading is not a slow start. It is a chain nobody is using, and the trend line says that fewer people are using it every month.For scale, the entire TVL of the sidechain is currently less than the value of roughly 24,000 XRP. Ripple releases a billion tokens from escrow on the first of every month. The whole DeFi economy built on top of the XRP Ledger, through the official sidechain, could be funded out of forty thousandths of a single monthly escrow tranche.

Who was supposed to show up Reading the launch roster a year later is the clearest way to see what went wrong, because the roster was not thin. It was specific.Strobe was announced as a money market for lending and overcollateralized borrowing on XRPL. Securd was to provide passive income by financing collateralized leverage across DeFi positions. Vertex was a derivatives platform optimizing capital efficiency. Between them, those three cover the load-bearing categories of any DeFi economy: lending, leverage, and derivatives. Add a decentralized exchange for spot, an oracle from Band, RPC infrastructure from Grove, and a cross-chain interface from Squid, and the stack on paper was complete. Nothing essential was missing.

Today none of those three names appears among the protocols holding capital on the chain. The entire TVL sits in two decentralized exchanges and a launchpad. The lending market that would have made bridged XRP productive, the derivatives venue that would have given traders a reason to keep collateral there, the leverage layer that generates the recursive deposits which inflate every chain’s TVL figure: none of it materialized in a form anyone funded.

That absence explains the volume better than any macro argument. A chain with only spot DEXs and no credit has no reason to hold capital between trades. Money arrives, swaps, and leaves. On chains where TVL compounds, it compounds because deposits are collateral, collateral is borrowed against, and the borrowings are redeposited. Without a lending market, TVL is just the float sitting in a few pools, and $25,741 is what that float looks like when almost nobody is swapping.

The irony is precise. The lending layer the sidechain needed and never got is now being built on the mainnet instead, in a permissioned, institutionally underwritten form that has nothing to do with the EVM. The sidechain was the place DeFi was supposed to happen. Credit went somewhere else, and the sidechain was left holding the part of DeFi that cannot sustain itself alone.

Why the projection was never plausible The Polygon comparison that produced the $600 million to $12 billion range deserves scrutiny, because in retrospect it was comparing two things that share almost no structural features.

Polygon captured Ethereum overflow. It existed because Ethereum’s fees became unbearable during periods of intense demand, and there was a vast population of users and developers already transacting on Ethereum who wanted the same applications for less money. The demand preceded the chain. Polygon did not create appetite for DeFi; it captured appetite that already existed and had nowhere cheaper to go. Add hundreds of millions of dollars in liquidity incentives and a mature Ethereum tooling ecosystem that ported over with a config change, and the TVL followed the demand.

XRPL EVM inverted every one of those conditions. There was no congestion to relieve, because the XRP Ledger has never been congested. There was no population of XRPL DeFi users seeking cheaper execution, because XRPL DeFi barely existed: the ledger’s total value locked has run under 0.05% of its market capitalization, against roughly 20% for Ethereum and 10% for Solana. That statistic was cited in the launch material as the size of the opportunity. It is more accurately read as the size of the demand problem.

Six million XRPL wallet holders were presented as a distribution advantage, but they were six million holders of a payments asset who had spent a decade not asking for smart contracts. The sidechain did not remove a barrier between XRP holders and DeFi. It tested whether the barrier was the reason, and the answer came back no.The Peersyst material was explicit that testnet momentum arrived organically, without incentives or paid marketing, and treated that as evidence of underlying pull. Ninety logos on a testnet is a real signal of developer curiosity. It is not a signal of user demand, and the distinction is the whole story: developers show up to explore new chains constantly, at near zero cost, and the tourism ends when nobody trades.

The comparison that hurts Here is why this matters beyond a dead sidechain: the XRP Ledger had an extraordinary year, on the mainnet, at exactly the same time.

Tokenized real-world assets on the XRP Ledger grew from under a billion dollars at the start of 2026 to roughly $3.5 billion, and the ledger has led the market on 90-day RWA inflows, adding $1.9 billion. In May 2026, Ondo Finance executed the first cross-border, cross-bank redemption of tokenized United States Treasuries on the XRPL, clearing in seconds, with JPMorgan and Mastercard involved in the surrounding work. RLUSD grew past a $1.5 billion market capitalization. The native automated market maker and multi-purpose token amendments both passed validator votes. The XLS-65 and XLS-66 lending amendments are in validator voting now, an effort crypto.news examined in its analysis of what on-chain credit would mean for XRP.

The mainnet, in other words, went and built exactly the thing the sidechain was supposed to enable, using its own native primitives, aimed at institutions instead of Solidity developers, and it worked. Institutional tokenization found the XRP Ledger without an EVM. Permissionless DeFi did not find it with one.

That contrast reframes the sidechain from a failed product into a resolved question. The bet was that XRPL’s problem was programmability, and that giving Ethereum developers a familiar environment on top of XRP liquidity would unlock a DeFi economy. Twelve months of data says the problem was never programmability. It was that the XRP ecosystem’s actual demand is institutional settlement, and institutional settlement does not want an EVM sidechain with proof of authority consensus and a bridge. It wants permissioned pools, credentialed counterparties, and off-chain underwriting, which is precisely what the mainnet amendments deliver.

Notice also where XRP-adjacent DeFi capital actually went. VivoPower allocated $100 million through Flare, a separate network built specifically to give XRP holders DeFi access, rather than through Ripple’s own sidechain. When money did move toward XRP DeFi, it routed around the official product.

The case that this is unfair The bearish read above deserves an honest counterweight, and there is a real one.Timing first. The sidechain launched on June 30, 2025, roughly three weeks before XRP’s cycle high near $3.65, and spent its entire first year inside the worst crypto drawdown since 2022. Bitcoin fell more than 40% from its October peak. Digital asset funds ran multi-billion dollar outflow streaks. Three consecutive losing quarters, the longest streak since the last bear market, with institutional capital rotating into artificial intelligence equities. TVL across the market compressed. Judging a new chain’s ecosystem formation against a projection written in a bull market, and measured entirely inside a bear market, stacks the comparison. Polygon’s $2 billion to $6 billion was built during a mania.

Second, no incentives. Polygon’s TVL was purchased. Hundreds of millions in liquidity mining subsidies pulled capital that largely left when the subsidies stopped. XRPL EVM launched with none, which is defensible as a matter of discipline and fatal as a matter of cold-start economics. Liquidity begets liquidity, and a chain with $25,741 cannot attract a trader who needs to move $50,000 without moving the price against themselves. Every DeFi ecosystem that reached scale bought its first users. Refusing to do so is a choice with predictable consequences, not evidence that the underlying idea is wrong.

Third, sequencing. The credit layer was always the point. RippleX’s own framing describes a deliberate progression: represent value, move value, trade value, finance value. The lending amendments now in voting are the fourth step, and they are being built on the mainnet with institutional design constraints, not on the sidechain. If the strategy is institutional DeFi rather than retail DeFi, then the sidechain was never the main line. It was an option that Ripple bought cheaply, and options that expire worthless are still rational to have purchased.

Fourth, the infrastructure persists. A chain is not a startup that folds. It runs, it gets upgraded, and it costs almost nothing to leave running. If the market turns, if incentives arrive, if a single application finds product-market fit, the environment is there, audited and connected to eighty networks. Twelve months is a short window for infrastructure that took years to build.

Fifth, and least comfortable for the bears: the metric itself is contested. Total value locked measures deposited capital, not usefulness, and it is trivially gamed by recursive lending and mercenary liquidity on chains that do buy their numbers. A chain with honest, unincentivized TVL of $25,741 and a chain with subsidized TVL of $500 million are not obviously ranked the way the figures suggest. That argument does not rescue XRPL EVM, because zero volume is not a metrics artifact, but it is a fair caution against treating one number as a verdict on an entire architecture.

The case that it is worse than it looks Now the harder reading, which the numbers support more directly.The bear market explains compression. It does not explain zero. Solana’s memecoin economy generated tens of billions of dollars of volume through the same drawdown. Robinhood Chain launched on July 1, 2026 into the identical macro and did more than $3 billion in decentralized exchange volume in two weeks, with 19,586 tokens created on a single day. Hyperliquid, Base, and BNB Chain all sustained real activity. Capital did not stop moving in 2026. It moved somewhere else. The absence of incentives explains a smaller number; it does not explain a chain where the flagship exchange has done $95,000 in trading across its entire existence while a two-week-old competitor chain did $3 billion.The declining trend is the tell. $100,818 in August 2025 to $25,741 in July 2026 is not a chain waiting for conditions to improve. It is a chain being abandoned by the little capital that tried it. Bear markets thin the field; they do not usually take three quarters of the liquidity from a chain that started with almost none.

And the developer number from August was the leading indicator everyone skipped: 168 developers against Ethereum’s 8,448. Chains are not built by logos on a testnet. They are built by people shipping applications that someone wants to use, and the ratio said, six weeks in, that the ninety entities had not converted into an ecosystem. The launch roster is the proof. Strobe, Securd, Vertex: named as launch partners, and today the chain’s entire TVL sits in two DEXs and a launchpad nobody trades on. The applications that were supposed to give the chain a reason to exist either never shipped at scale or shipped and found nobody.

The strategic cost is subtler than the wasted engineering. For a year, “XRPfi” and the EVM sidechain functioned as an answer to the hardest question about XRP, which is how any of Ripple’s progress reaches the token. The sidechain made XRP the gas asset of a DeFi economy, which would have generated real, recurring token demand. That answer is now empirically closed, and it closes at the same moment as the structural finding that most of Ripple’s bank partners never touch XRP at all. Two of the three main value-accrual arguments for the token have now been tested against data in the same quarter. Both came back thin.

What the $25,741 is actually evidence of Step back from XRP entirely, because the finding generalizes.The industry has spent five years treating EVM compatibility as a growth strategy. The reasoning is seductive: Ethereum has the developers, the tooling, the mental models, and the applications, so any chain that speaks Solidity inherits access to all of it at the cost of an engineering project. Dozens of chains have run this play. A few worked. Most produced exactly what XRPL EVM produced, which is a technically excellent environment with nobody in it.

The reason is that EVM compatibility removes a supply-side constraint and does nothing to the demand side. It makes building easier. It does not make anyone want the thing built. When a chain has organic demand and a technical barrier, removing the barrier unlocks enormous value, which is the Polygon story and the Arbitrum story. When a chain has a technical option and no demand, removing the barrier produces an empty room with excellent acoustics.

The diagnostic question is therefore simple and almost never asked before a chain commits to the work: is there a queue? Not a waiting list of developers, who are cheap to attract and cost nothing to lose, but users currently doing the thing somewhere worse and paying for the privilege. Polygon had a queue. Arbitrum had a queue. XRPL EVM had a hypothesis that six million payment-asset holders would become DeFi users once the tooling arrived, and hypotheses are not queues.

XRPL had the cleanest possible version of the test. Six million wallets. A top-ten asset. Twelve years of uptime. Deep liquidity. Real regulatory standing. A functioning native DEX. Every input the thesis requires, and a year later the DeFi economy built on top of it holds less capital than a used car. If EVM compatibility were the unlock, it would have worked here. The mechanics of liquidity pools and automated market makers are identical on XRPL EVM to what they are on Ethereum. The pools are simply empty, because pools are filled by people who want something, and nobody wanted this.

The lesson costs Ripple very little and should cost the next chain a great deal. The company retained an option, learned that its DeFi demand is institutional rather than permissionless, and redirected to native amendments aimed at exactly that. That is a reasonable outcome from a cheap experiment. The problem belongs to everyone still pitching an EVM layer as a demand strategy, because the most rigorous public test of that thesis just returned $25,741 and no volume, and the DeFi industry has not noticed.

The number to remember The projection was $600 million to $12 billion. The delivery is $25,741 and zero trading volume, twelve months later, on a chain that works perfectly.That gap is not a failure of engineering, marketing, timing, or macro, though each contributed at the margin. It is a measurement. Somebody asked, with real money and real code and a well-built product, whether the XRP ecosystem wanted permissionless DeFi. The ecosystem answered. The answer was no, and it took a year and a nine-figure projection to hear a number that fits on a single line of a spreadsheet.

XRPL’s institutional story is doing better than it has ever done. Its DeFi story is a chain with $25,741 on it and nobody trading. Both of those things are true at once, and anyone building a thesis on XRP needs to hold both, because the second one used to be an argument and is now just a data point.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Total value locked, volume, and protocol figures are drawn from DefiLlama as of July 14, 2026, and change continuously; TVL is a contested metric and methodologies differ between trackers. Historical figures are attributed to the sources that reported them at the time. Projections cited were published by the sidechain’s development team and are not forecasts by crypto.news. Details reflect information current as of July 14, 2026. Always do your own research.

XRP price rose 3.45% to $1.10 during the reported session, following renewed strength across the cryptocurrency market.

The XRP token surged past $1.10 as buyers responded to the increasing stablecoin operations on the XRP Ledger. The supply of RLUSD has gradually migrated to XRPL, which has contributed to higher network usage and transaction demand expectations.

Meanwhile, legislators in the United States are working on another significant effort to promote digital asset market structure law. Senator Cynthia Lummis said revised CLARITY Act text could be introduced within days after nearly ten months of negotiations.

CLARITY Act Faces Crucial Senate Test Lummis said lawmakers are ready to move the proposal forward during four consecutive Senate working weeks. She would like the bill enacted prior to the start of the August 7 recess of the chamber.

Nevertheless, the ultimate floor schedule is determined by Senate Majority Leader John Thune. It is reported that the lawmakers might start discussing the bill next week, July 20. 

Lummis says CLARITY text lands in days

Senator Lummis (@SenLummis) says the Senate will introduce CLARITY Act text within days and wants it passed before the August 7 recess. “It’s time to land this plane,” she said on Fox Business, capping nearly 10 months of work. Floor action… pic.twitter.com/57k9UxU1Jc

— BSCN (@BSCNews) July 14, 2026

The measure faces growing resistance from Democratic Senators Chris Murphy, Jeff Merkley, and Chris Van Hollen. According to them, the current proposal is deficient in the form of powerful rules of ethics to deal with the senior government officials and cryptocurrency interests. 

Their protests are partly related to the reported crypto income and business ties of President Donald Trump. The senators warned that they might be able to vote against the bill unless significant conflict protections are included.

Democratic support is critical to the eventual passage of the bill as it may require 60 votes in the Senate. Additional contention may paralyze the floor procedure or force additional deliberations prior to a vote of decisiveness.

XRP Price Prediction: Will Bulls Extend To $1.20 Soon? The MACD line has crossed its signal line, and the green histogram bars are still growing. The Chaikin Money Flow is 0.14, which validates positive capital inflows.

A confirmed four-hour close above $1.12 could push the XRP price outlook toward the $1.15 resistance level.

Tradingview A Breaking $1.15 can allow a greater climb into the larger target of $1.20. Nevertheless, the next rejection at around $1.12 might postpone the bullish continuation and prolong the consolidation.

The $1.07 level remains the main support during any pullback. The loss of this area might reveal $1.05 and weaken the existing recovery structure.

XRP ETF Market Stalls Daily While Total Inflows Hit $1.48B According to SoSoValue data, XRP ETF products showed no net inflows in terms of daily net inflows on July 14. But cumulative net inflows were still high at 1.48 billion in the listed funds. The total trading value was the amount of 13.47 million, and combined net assets were 1.01 billion.

Bitwise led cumulative inflows with $493.86 million, followed by Canary Capital at $466.97 million. Franklin Templeton was the second with $413.23 million and Grayscale had 131.46 million.

According to SoSoValue data, spot Bitcoin ETFs recorded $181 million in net inflows yesterday (July 14, ET). Spot Ethereum ETFs saw $58.3385 million in net inflows, with none of the 10 ETFs recording net outflows. pic.twitter.com/AUMWhkHPD6

— Wu Blockchain (@WuBlockchain) July 15, 2026

Meanwhile, 21Shares showed cumulative net outflows of $20.06 million. The same session saw higher demands of crypto ETFs. Spot Bitcoin ETFs received inflows of $181 million and Ethereum funds received inflows of $58.34 million. None of the ten Ethereum ETFs reported daily net outflows.

Cover image via depositphotos.com 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.

Below the surface, the XRP Ledger is displaying another concerning indication. The network's daily payment volume has decreased to just 312.8 million XRP, and only about 438,000 transactions have been processed overall. The sharp contraction indicates a persistent decline in one of the most significant indicators of actual network usage, even though neither figure represents an all-time low. 

Activity on the LedgerSince payment activity reflects real account transfers rather than speculative trading, it has historically been a crucial indicator of the health of the XRP Ledger. Payment volume exceeded 1 billion XRP earlier this month, indicating increased network activity. Now that this momentum has vanished, activity has dropped by over 70% from recent highs. 

XRP/USDT Chart by TradingViewThe market structure of XRP makes the decline even more worrisome. XRP is still stuck below all of the major moving averages on the price chart. The 26-day EMA, near $1.11, serves as immediate resistance for the asset, which is currently trading at about $1.10. The 50-day EMA is located at about $1.14 above that, and the 100-day and 200-day moving averages are still much higher at about $1.25 and $1.46, respectively. 

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This positioning suggests that XRP is still in the midst of a well-established downward trend. The market hasn't yet produced a convincing bullish reversal pattern, and every attempt at recovery over the past few months has failed before reaching higher resistance zones. Volume dynamics also don't help. In contrast to the periods that previously drove significant XRP rallies, trading activity is still comparatively muted. 

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Although buyers have found it difficult to sustain momentum as the price gets closer to the short-term moving average cluster, the most recent recovery from the June lows created some optimism. The RSI is now close to 49, indicating that selling pressure has lessened after recovering from oversold territory. Nonetheless, the indicator does not yet signal a significant trend reversal and is still below bullish territory. 

XRP bulls aren't readyReclaiming the 50-day EMA and moving toward the $1.25 resistance zone is the obvious immediate task for XRP bulls. The XRP Ledger risks appearing more and more detached from the kind of adoption narrative that investors have been depending on for years in the absence of increased network activity and a significant recovery in payment flows. 

For the time being, XRP has little fundamental support as it tries to stabilize above the psychologically significant $1 level, because declining payment volume and weakening transactional activity indicate that the ledger's core usage is still under pressure.

The divergence between on-chain supply trends and market sentiment highlights how multiple factors are influencing XRP's price.

Binance’s XRP reserves have fallen to about 2.61 billion tokens, their lowest level since February, and the balance has held there since the start of July.

And even though the Ripple token had been sliding toward $1.06 while those reserves were draining out, it reversed course in the last 24 hours, gaining over 3% in that period.

Exchange Reserves Shrink as Selling Pressure Lingers According to CryptoQuant contributor Arab Chain, there have been no meaningful inflows to replenish Binance’s XRP stockpile in recent months, which is why the reserve figure has held near its February 2026 low instead of climbing back.

A falling exchange balance can be considered a bullish signal since it is often taken to mean that investors are moving their stash into private wallets instead of preparing to sell. That signal took a while to show up in price, with Arab Chain noting that XRP had been falling to around $1.06 while reserves were emptying out, suggesting that liquidity, trading activity and investor sentiment were outweighing the effect of declining exchange supply.

In another market update, the same analysts pointed to the Binance CVD Confirmation Score, which blends price with Cumulative Volume Delta to track whether buy or sell orders are winning out in the spot market. That CVD reading is at -6.93 million, meaning that sell orders have outweighed buys as XRP fell from above $2.00 earlier this year toward the $1.07 area.

Meanwhile, the 30-day Price-CVD Confirmation Score is holding near 0.84, a figure Arab Chain says, while reasonably healthy, still falls short of confirming a genuine shift in buying demand. According to them, only a sustained move into positive CVD territory alongside a stronger confirmation score would point to a real reversal in buying interest.

As noted earlier, XRP’s price action has nevertheless improved modestly, with data from CoinGecko at the time of writing showing the asset trading around $1.11 after gaining about 3.7% in 24 hours, having oscillated between $1.07 and $1.12 during that period. However, the world’s sixth-largest cryptocurrency by market cap is still down 7% over the past month and more than 61% across one year, despite daily trading volume jumping 31% higher than the previous day to hit $1.26 billion.

You may also like: Binance Marks Ninth Anniversary With 323 Million Users and Expansion Beyond Crypto XRP and ETH Traders Turn Bullish as FOMO Surges to 5-Week High: Santiment 3 Years After The Key Ripple-SEC Ruling: How XRP Went From SEC Target to Institutional Asset Analysts Divided On Where XRP Heads Next Such is the state of XRP that market watchers are split on what comes next. For example, popular trader Diana has pointed to $1.08 as the level to watch and warned that losing it could send XRP toward the $0.90-$0.93 zone before one last flush to the $0.87 macro support. Fellow analyst CasiTrades holds a similar technical view but frames it as the tail end of a yearlong correction, telling followers on X that a drop toward $0.87 would “finish off the correction we’ve spent the last year building.”

But others are looking past the near-term chop, with one of them, Crypto Patel, arguing that XRP is tracing a pattern that has historically come right before rallies of more than 1,000%. On his part, crypto investor Celal Kucuker pointed to a 500% monthly gain two years ago as a reason not to dismiss $7 by the end of the year.

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The XRP Ledger is now home to more than 70% of the entire represented tokenized commodity market, emerging as the dominant player in the sector.

Tokenization remains one of the biggest narratives in the crypto scene in recent years, and the XRP Ledger (XRPL), originally built to support the nascent market, seems to be taking up a reasonable share of the sector.

Market data indicates that over 70% of the global represented commodity market on-chain resides within the XRP ecosystem, with Polygon and Arbitrum accounting for the remaining 30%.

Global Tokenized Commodity Growth This is according to data provided by RWA.xyz, a leading analytics platform for the tokenization market. 

Notably, the worth of the global tokenized commodity market stands at $8.08 billion as of press time. This represents a year-to-date increase of $3.84 billion from the $4.24 billion figure recorded at the start of the year.

The Tokenized Commodity Market Interestingly, while only halfway through, this year’s $3.84 billion increase so far has already surpassed the $3.2 billion figure witnessed by the market in 2025. The milestone confirms the increased attention the tokenized commodity market has enjoyed in recent times.

Of the current $8.08 billion market value, distributed commodities, which refer to assets that market participants can move outside the issuing platform, account for $4.53 billion. Meanwhile, represented commodities, which include assets that investors cannot transfer off the issuing platform, total $3.55 billion.

XRP Dominates Represented Commodity Market Further data shows that while Ethereum hosts most of the distributed market value, XRP dominates in the represented commodity market.

Specifically, the XRP Ledger accounts for $2.5 billion of the total $3.55 billion worth of represented commodity sector. This gives the ecosystem a large dominance rate of 70.4%. For context, these commodities make up about 57% of the total tokenized real-world assets on the XRP Ledger, which sits at $4.4 billion.

XRP Leads Represented Commodity Market Most of the commodity value residing on the XRPL comes from the JMWH product provided by Justoken. Notably, this product boasts a value of $2.229 billion at press time, representing more than 89% of the total commodities within the XRP ecosystem.

Besides the XRP Ledger, only two mainstream networks host represented tokenized commodities on-chain, specifically Arbitrum and Polygon. While XRP accounts for $2.5 billion of the global market, Polygon has a $661.2 million share, while Arbitrum is home to just $482,700 worth of represented commodities.

How XRP Fares in the Overall Commodity Market XRP may lead the represented commodity sector, but its share reduces drastically when considering the overall commodity market, including represented and distributed assets.

In this case, Ethereum holds the largest share, with $4.2 billion across all commodities. This represents nearly 52% of the total $8.08 billion in total tokenized commodity value. Meanwhile, XRP’s $2.5 billion figure gives it a 31% market share, second only to Ethereum.

Total Commodity Market Value 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.

Nonprofit Hire Heroes USA named the 25 recipients of a Ripple-funded grant program for veteran- and military spouse-owned businesses, distributing $250,000 as tensions with Iran escalate.

The announcement arrives while a renewed US naval blockade on Iranian ports pushes military affairs back into the spotlight.

Inside the Ripple-Funded Grant Program for VeteransThe “Ripple Effect: Certified Veteran Employer Grants Program” is a Hire Heroes USA initiative that pairs one-time funding with employer training for veteran- and military spouse-owned businesses. Ripple covered the cost through a donation in RLUSD, the stablecoin it issues.

Hire Heroes USA disclosed the 25 awardees on July 13, after a selection process that ran through the spring. Each business receives $10,000, a combined total of $250,000. The figure is small by corporate standards, though relevant for firms with limited access to credit.

Follow us on X to get the latest news as it happens.

Proud to announce 25 recipients of the Ripple Effect: Certified Veteran Employer Grants — $250K invested in veteran- and military spouse-owned businesses through our partnership with @HireHeroesUSA.

Each recipient receives $10K + employer training + access to 20,000+… https://t.co/vo9t5ZkYSk

— Ripple (@Ripple) July 14, 2026 To qualify, companies had to be at least 51% owned by a US military veteran or military spouse and operate domestically. They must also plan to hire from the military community within 12 to 18 months, a condition the nonprofit says it will track over time. Recipients also gain access to employer resources and the organization’s pool of military-connected candidates.

The grants belong to Ripple’s philanthropic arm rather than its payments business. The company previously committed $25 million, mostly in RLUSD, to education nonprofits. Independent data on the employment impact of these donations is not yet available.

The launch coincides with a sharp escalation in the Middle East. The United States reimposed its blockade of Iranian ports in response to Iran’s attacks on commercial ships in the Strait of Hormuz on July 14.

The measure revives a policy first enforced between April and June. American forces also launched a fourth consecutive night of strikes, while President Donald Trump threatened to hit bridges and power plants unless Iran returns to negotiations.

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🚨🇺🇸 🇮🇷 Trump held a Situation Room meeting on a MASSIVE new offensive, warning: "Next week comes the power plants. Next week comes the bridges."

-Per Axios, Trump convened his full war cabinet, Vance, Rubio, Hegseth, Caine, Ratcliffe, Witkoff, to plan devastating strikes on… pic.twitter.com/19f3eFvx05

— Mario Nawfal (@MarioNawfal) July 15, 2026 The conflict keeps veterans and military families at the center of public attention. More than 20 US Navy warships and hundreds of aircraft currently operate across the region, according to Central Command. The blockade had been lifted in mid-June under an interim peace deal that has now effectively unraveled.

Both stories will now develop on separate tracks. Hire Heroes USA plans to track the hiring commitments of the awarded businesses over the coming months, while Washington and Tehran face an increasingly uncertain path back to negotiations. Any future overlap between the two remains, for now, a matter of timing.

Speculation over whether XRP will fall below $1 has resurfaced in the cryptocurrency community, with investors debating if current prices present a rare buying opportunity or signal further downside ahead.

Analyst highlights key historical lowsZach Rector, a crypto commentator known for his XRP coverage, stated that an upcoming dip below $1 may be the final chance for investors to purchase the asset at these levels. Rector has built a following on X, where he referenced previous periods when XRP traded at significantly lower prices.

He pointed to March 13, 2020, noting that XRP touched 10 cents at that time and has not revisited the same low since. Rector also referenced June 18, 2022, as the most recent occasion XRP dropped under 30 cents. Both dates, according to him, marked turning points for the cryptocurrency.

Rector suggested that July or August 2026 could see XRP slip below $1 again, describing this period as a potential last opportunity for investors to purchase the token before a significant price recovery.

Many missed the chance to buy XRP at 10 cents in 2020 and below 30 cents in 2022. If XRP dips below $1 again in 2026, it might be the final time to get in at that level.

He acknowledged growing skepticism toward repeated claims about “last chance” buy zones but asserted that his earlier calls proved accurate, since XRP did not return to prior lows after those specific dates.

Rector’s comments fueled debate among X users. Some questioned the likelihood of XRP dropping under $1, especially if policy developments like the CLARITY Act receive approval and clarify regulatory issues around digital assets.

Mini dictionary: CLARITY Act, a legislative proposal in the United States aimed at providing clearer legal guidelines and classification for digital assets such as cryptocurrencies, which could significantly impact prices by reducing regulatory uncertainty.

One user asked whether a price slip below $1 would still be possible if the CLARITY Act advances as expected, arguing that regulatory clarity could instead drive the price upward.

Others responded with skepticism about the recurring narrative of “last chances.” Tan Arslan replied with a sarcastic note, thanking Rector for repeatedly proclaiming last-chance buy opportunities regardless of the direction of XRP’s price. This viewpoint highlighted skepticism about the reliability of predictions tied to specific buying windows.

However, other investors shared their strategies, with user Zac Odom expressing the view that XRP remains attractive whenever it trades below $10. Odom said he continues to add to his position consistently by investing a portion of his weekly paycheck, showing support for a long-term investment approach over short-term price predictions.

In my view, $XRP is a bargain at any price under $10, as long as you believe in its long-term value. I keep investing a set amount each week, regardless of the current price.

Rector emphasized that despite market uncertainty and varied opinions, he considers a future drop below $1 as a significant opportunity for investors. The diverse reactions underscore the split sentiment over XRP’s outlook and the continued debate over its future price direction.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

According to data from Farside Investors, on July 14, U.S. spot Bitcoin ETFs recorded a total net inflow of $181.1 million the previous day. Among them, BlackRock’s IBIT saw a net inflow of $138.9 million, Fidelity’s FBTC $21.1 million, Bitwise’s BITB $3.5 million, ARK’s ARKB $3.6 million, Morgan Stanley’s MSBT $7.4 million, and BTC ETFs $6.6 million; flows for the remaining products were largely flat. U.S. spot Ethereum ETFs posted a total net inflow of $58.3 million, all from BlackRock’s ETHA, with all other ETFs registering zero net inflows that day.

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When the guy who spent 20 years at BlackRock, including a stint running digital assets strategy, tells you he left to bet his career on Ethereum, it’s probably worth hearing him out.

Joe Chalom, now CEO of Sharplink (Nasdaq: SBET), has been making a pointed argument that Ethereum deserves a spot in corporate treasuries, not just as a speculative hold but as a yield-generating, programmable asset that outpaces Bitcoin on several practical dimensions. And he’s putting real capital behind it.

From BlackRock to Ethereum treasury company Chalom joined Sharplink in July 2025, leaving behind two decades at the world’s largest asset manager. In late June 2026, Sharplink raised $75 million through a registered direct offering specifically aimed at expanding its ETH holdings. The company stakes nearly all of its Ethereum, with roughly $200 million allocated toward liquid restaking strategies in early 2026.

The strategy is built around a deceptively simple metric: increasing ETH per share. Rather than chasing flashy DeFi plays or speculative token launches, Chalom has described a disciplined capital allocation approach. Buy ETH, stake it, earn yield, repeat.

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Sharplink’s institutional ownership surged from 6% to 47% between mid-2024 and March 31, 2026. That’s not retail hype. That’s Fidelity-level capital walking through the door. The company also counts Ethereum co-founder Joseph Lubin as its board chairman.

The bull case against Bitcoin Chalom’s core argument centers on utility. Bitcoin’s value proposition has crystallized around being digital gold, a store of value, a hedge against monetary debasement. Chalom contends that Ethereum does everything Bitcoin does while also powering a massive ecosystem of actual economic activity.

The numbers he cites are striking. Ethereum constitutes over 50% of all stablecoins in circulation. It accounts for more than half of real-world asset tokenization activity. And it dominates DeFi, the sector of crypto where protocols actually generate revenue by facilitating lending, trading, and other financial services.

Staking, restaking, and the yield advantage Bitcoin holders earn nothing for holding Bitcoin. Ethereum stakers earn rewards for helping validate transactions on the network. Sharplink has taken this a step further with liquid restaking, a more sophisticated strategy where staked ETH is simultaneously used to secure additional protocols. This creates layered yield without selling the underlying asset.

That said, Ethereum’s yield is not risk-free. Smart contract vulnerabilities, slashing penalties for misbehaving validators, and protocol-level changes can all impact returns. Liquid restaking adds another layer of complexity and smart contract risk on top of that.

What this means for investors Ethereum’s quantum resistance roadmap adds another layer to the long-term bull case. The network has a dedicated post-quantum security team working on migration processes projected around 2029, part of what’s been called the “Lean Ethereum” strategy.

Investors watching this space should track Sharplink’s ETH per share metric closely. If Chalom can consistently grow that number while the underlying asset appreciates, the Ethereum treasury model will speak for itself.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Table of contents

Yesterday this column said the $60,000 to $64,000 box was the whole map and the CPI print had a timestamp. The data landed cool, and the box broke upward. Bitcoin trades at $64,740, every major is green, and XRP just walked back to the exact level it lost a week ago.

The Box Broke, and the Data Says Why Bitcoin trades at $64,740 as of July 15, 2026, per CoinGecko, up 3.3% in 24 hours and 4.4% on the week. Market cap: $1.299 trillion. Volume: $32.7 billion, expanding roughly 20% from yesterday’s $27.3 billion. Breakouts on rising volume are the kind you take seriously.

The catalyst was exactly the one this column timestamped. June consumer prices fell 0.4% on the month, the largest single-month decline since April 2020, bringing annual inflation down to 3.5% against expectations near 3.8%, with core flat on the month, per the Bureau of Labor Statistics. A market braced for a hot print got the opposite, rate-pressure fears eased, and risk assets exhaled all at once.

The caveat travels with the celebration: the June relief came mostly from falling energy prices, and renewed US-Iran tensions have already started pushing oil back up. One cool print is a reprieve, not a regime change. Yesterday’s box top at $64,000 is now the line that matters: hold above it and the breakout stands, slip back inside and this was a one-day headline pop.

Every Hook From Yesterday, Resolved Ethereum kept the crown. Up 5.2% on the day and 8.2% on the week at $1,879.49, ETH remains the strongest major, exactly the relative-strength signal this column flagged before the print.

XRP reclaimed $1.11. Up 3.8% to precisely the level our coverage mapped on July 7, lost on July 8, and watched compress toward $1.00 all week. The round trip is complete; the full story runs in today’s XRP report.

Solana bounced 3.3% to $77.59, though its week is still barely positive at 0.4%, the laggard among recovering majors.

And Hyperliquid retired the red flag. Yesterday’s spotlight said a move back above $67 would end the concern; HYPE gained 5.4% to $67.51 and did exactly that, though its week remains slightly red at minus 1.0%.

The Numbers That Matter Today BTC: $64,000, the old box top, is the new support; the breakout is valid above it. ETH: strongest major at $1,879, up 8.2% weekly. XRP: back at $1.11, the retest verdict pending. HYPE: concern retired above $67. The risk to all of it: oil and the ceasefire headlines, which can reprice the inflation story faster than any chart.

FAQ What is the Bitcoin price today? Bitcoin trades at $64,740 as of July 15, 2026, up 3.3% in 24 hours after June inflation data came in well below expectations.

Why is crypto up today? June CPI fell 0.4% on the month, the biggest decline since April 2020, easing rate-pressure fears. Bitcoin broke above its week-long $60,000 to $64,000 range on volume that expanded about 20% day over day.

Is the Bitcoin breakout confirmed? The move came on rising volume, which supports it, but confirmation needs price to hold above the old range top at $64,000. Renewed energy-price pressure from Middle East tensions is the main risk to the move.

This article is for information only and is not investment advice. Crypto assets are extremely volatile and you can lose your entire stake. Always do your own research.

AUTHOR

Simeon is a detail-driven editor who sharpens every piece with clarity and precision, ensuring clean, consistent, and professional content throughout.

Ethereum price has reclaimed the $1,850 resistance after softer-than-expected U.S. inflation data triggered a sharp short squeeze, putting the $2,000 level back into focus for traders.

Summary

Ethereum price broke above $1,850 after softer U.S. CPI data sparked a broad crypto rally. Technical charts and liquidation clusters suggest $2,000 is the next major price target. Analysts say holding $1,850 as support is key to sustaining the current bullish trend. The second-largest cryptocurrency climbed nearly 5% on July 15 after June’s Consumer Price Index came in below expectations, easing concerns that Federal Reserve Chair Kevin Warsh would resume aggressive rate hikes. Risk assets rallied across global markets, with tech stocks advancing alongside cryptocurrencies as investors priced in a more accommodative policy outlook.

Derivatives markets amplified the move. CoinGlass liquidation data shows a dense cluster of leveraged short positions between $1,800 and $1,850 was wiped out as Ethereum broke through resistance. Forced buybacks accelerated the rally toward $1,900, while the latest liquidation heatmap now shows fresh liquidity pockets concentrated around $1,900-$1,950.

Ethereum liquidation heatmap | Source: CoinGlass A successful push through that zone could expose another wave of liquidations and open a path toward the psychological $2,000 level.

Technical breakout puts $2,000 back in play Ethereum’s daily chart shows the recovery has developed from a series of rounded-bottom formations that formed after June’s selloff to nearly $1,500. Price has now completed a breakout above the neckline near $1,850, a level that capped several recovery attempts over recent weeks. The measured move from the pattern projects a target close to $2,190, matching a major resistance zone from earlier this year.

Ethereum daily price chart — July 15 | Source: crypto.news Momentum indicators continue to favor buyers. The Aroon Up indicator stands above 92 while Aroon Down has dropped to zero, suggesting bulls retain control of the prevailing trend. Relative Strength Index has climbed to around 63, leaving room for additional gains before reaching overbought territory.

The 4-hour chart reinforces the bullish structure. Ethereum has reclaimed the 100% Fibonacci retracement level near $1,897 after holding above the 78.6% retracement around $1,815. MACD remains in positive territory with widening bullish momentum, while the Chaikin Money Flow reading above zero suggests capital continues to enter the market rather than leave it.

Ethereum 4-hour price chart — July 15 | Source: crypto.news Commenting on the breakout, crypto analyst Daan Crypto Trades wrote on X:

“ETH Breaking above the $1.8K level and saw some good continuation so far. The market structure has flipped back to bullish on this timeframe.”

He added that the next major high-timeframe resistance sits near the $2,100 region, while maintaining $1,800 as support remains critical for bullish momentum.

Another closely followed trader, Ted Pillows, believes the next milestone could arrive quickly if buyers defend current levels. “$ETH has fully reclaimed its key resistance level. If Ethereum manages to hold above the $1,850 level, the pump towards $2,000 will be next,” he wrote.

Outside the charts, Ethereum continues to benefit from tightening on-chain supply. A large share of circulating ETH remains locked in staking, limiting readily available exchange balances even as demand improves.

At the same time, regulatory progress surrounding U.S. crypto legislation and spot ETF adoption has kept institutional interest intact after several weeks of macro-driven volatility tied to Middle East tensions and government-linked crypto transfers.

Loss of $1,850 support would weaken the bullish case Despite the improving setup, Ethereum still faces several hurdles before reclaiming $2,000. The liquidation heatmap shows heavy leveraged positioning between $1,900 and $1,950, where sellers may attempt to defend resistance. Failure to absorb that supply could trigger another round of profit-taking after the recent rally.

Macro risks also remain. Any resurgence in inflation, renewed geopolitical tensions that drive oil prices sharply higher, or unexpectedly hawkish comments from Federal Reserve officials could reverse sentiment across risk assets.

From a technical perspective, losing the newly reclaimed $1,850 support would invalidate the breakout and shift attention back toward $1,815, followed by the stronger demand zone around $1,750. As long as Ethereum continues to post higher highs while defending $1,850, however, the probability of a move toward $2,000 and potentially the $2,100-$2,190 resistance region remains favorable.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

In brief EthSystems launched Tuesday to build "confidential systems for institutional Ethereum," founded by the team that ran the Ethereum Foundation's Institutional Privacy Task Force. It is the third organization to spin out of the Foundation this summer, and the first for-profit one, backed by Ethereum treasury firms Bitmine and Sharplink and co-founder Joe Lubin. The firm argues that institutions won't move stablecoins, tokenized assets, and settlement onto a public ledger until they can hide trade details, positions, and client identities. The group that spent the past year running the Ethereum Foundation's institutional privacy work has spun out to start its own company. EthSystems launched Tuesday as an independent, for-profit firm building privacy and compliance technology designed to let banks and asset managers transact on Ethereum without exposing sensitive information like trade details or client identities.

The founders, Mo Jalil, Oskar Thorén, and Aaryamann Challani, built and led the Foundation's Institutional Privacy Task Force, a year-long effort that held hundreds of conversations with central banks, regulators, tier-one banks, and asset managers. Jalil, the CEO, previously worked at Goldman Sachs; Thorén spent "close to a decade" on crypto privacy infrastructure, building peer-to-peer messaging and the Waku protocols now part of Logos.

Today we're launching EthSystems.

We build confidential systems for institutional Ethereum.

Institutions want to use Ethereum, but one of the biggest problems is the lack of built-in, modular privacy tools.

We were the Ethereum Foundation's Institutional Privacy Task Force… pic.twitter.com/Gp75lgoP0z

— EthSystems (@eth_systems) July 14, 2026

Ethereum's privacy gapThe company's thesis is that Wall Street has embraced crypto "as an asset class, but not yet as commercial infrastructure." Banks and asset managers are already exploring stablecoins, tokenized assets, and on-chain settlement, but none will run real flows in full public view. On a shared, public ledger, the founders argue, confidentiality is the hard part: each party to a transaction should see only what it has a right to see, and nothing more.

EthSystems launches with a year of open-source work already published, including proofs of concept for private bonds, confidential stablecoin transfers, private cross-chain settlement, hardened shielded pools, and an Ethereum Privacy Map cataloging institutional requirements across the ecosystem. Its business model is bespoke consulting: workshops, architecture reviews, protocol specifications, and production systems, or as the company put it, continuing the work it was already doing, only now charging for it. It says it will keep publishing open-source work alongside the paid engagements.

The latest spin-outEthSystems is the latest team to break away from the Ethereum Foundation, which has spent 2026 shrinking and restructuring. The Foundation cut 20% of its staff in June, trimmed its budget, wound down its in-house privacy and scaling research unit, and reorganized around a leaner mandate after at least nine senior figures departed over the year.

In the space of weeks, three groups have spun out to take on work the Foundation is stepping back from. Ethlabs, a non-profit, handles core protocol research; Ethereum Institutional, also a non-profit, coordinates outreach to banks and asset managers; and EthSystems, the for-profit, builds the applied privacy technology. EthSystems said it left the Foundation on good terms and sees itself as complementary, focused on "depth over breadth."

EthSystems is funded by many of the same names behind the other spin-outs: Bitmine Immersion Technologies and Sharplink, the two largest publicly traded Ethereum treasury companies, along with Ethereum co-founder Joe Lubin and Asia-focused investment firm SNZ. (Disclaimer: Lubin, through his company Consensys, and Bitmine Chairman Tom Lee are investors in Dastan, Decrypt's parent company.)

Those backers have a direct stake in EthSystems’ thesis. Bitmine holds some 5.7 million ETH and Sharplink around 888,000, and both have pitched public-market investors on Ethereum's role as settlement infrastructure for stablecoins and tokenized assets. Lee framed EthSystems as filling a gap, saying in a launch announcement that "the next $100 trillion of assets won't migrate on-chain without it." Lubin, meanwhile, contrasted the team with others that he said had offered institutions privacy technology that amounted to "permissioned systems with extra steps."

With Ethereum already hosting $16 billion in tokenized real-world assets and $159 billion in stablecoins, according to RWA.xyz, Jalil argued that privacy is "the difference between Ethereum holding billions today and running trillions tomorrow."

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Japan’s House of Councillors passed an amendment to the Financial Instruments and Exchange Act, which officially recognizes cryptocurrencies as financial products rather than payment tools.

With this, the country is now planning to cut crypto taxes from 55% to 20% and open the door to Bitcoin ETFs.

Japan Moves Crypto Under Financial Product RulesJapan’s parliament has officially passed a landmark law amendment reclassifying cryptocurrencies as “financial assets.” Until now, cryptocurrencies have been mainly regulated under the Payment Services Act as a payment method. 

Under the new law, Bitcoin, Ethereum, XRP, and other cryptocurrencies will be classified as financial products under the Financial Instruments and Exchange Act (FIEA), bringing them closer to stocks and other investment assets.

The new law also clears the way for spot crypto ETFs in Japan. 

Regulators are aiming to launch them on the Tokyo Stock Exchange by 2027 or 2028, while major firms like Nomura Holdings and SBI Holdings are already preparing crypto ETF products.

List of Changes Under the New LawThe new framework introduces several rules that already apply to traditional financial markets. These include,

Insider trading ban: Trading using non-public information will be strictly prohibited.Annual disclosures: Token issuers must publish annual operational and financial disclosures.Strict penalties: Violators face up to 10 years in prison or 10 million Japanese yen fines.Retail investment cap: High-risk tokens will have a 2 million Japanese yen retail investment limitBigger Fines and Lower Crypto TaxesThe new law also brings stricter rules for the crypto industry. However, the maximum jail term for running an illegal crypto business will increase from three years to 10 years.

And the maximum fine will also increase from 3 million yen to 10 million yen, approximately $18,500 to $61,600. The government says these changes will help make the crypto market safer and protect investors.

Along with the bill, lawmakers are planning to cut the tax on crypto profits from the current maximum of 55% to a flat 20%, the same tax rate used for stock investments.

Another planned change is a three-year loss carryforward. This means investors will be able to use their past trading losses to reduce taxes on future crypto profits. If approved, these tax changes are expected to start in 2028.

Story Ends Here

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SummaryNebius Group remains a strong buy, with a $333 price target for 2028 and 72% upside potential despite recent share price volatility.NBIS faces macro headwinds, elevated interest rates, and competitive risks from Meta's excess compute capacity, but robust AI infrastructure growth continues.Consensus expects Q2 revenues of $585.8 million (457% growth) and a $0.49 loss per share, as capacity expansion drives top-line acceleration.EBITDA margins are set to improve as NBIS scales, but high CapEx and reliance on capital raises and debt remain key watch items.Looking for more investing ideas like this one? Get them exclusively at The Aerospace Forum. Learn More » alexsl/iStock Unreleased via Getty Images

Nebius Group N.V. (NBIS) has significant growth prospects with its AI infrastructure build-out, and that is one of the reasons why I marked Nebius shares as a strong buy. Since then, the stock

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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CleanSpark (CLSK) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Leading cryptocurrencies rallied alongside stocks on Tuesday following cooler-than-expected inflation numbers, despite elevated geopolitical tensions remaining in place.

Crypto Market RalliesBitcoin hit $65,000 for the first time in over three weeks, while Ethereum came close to reclaiming $1,900, amid a broader market rally.

Over $350 million was liquidated from the cryptocurrency market in the last 24 hours, with bearish short traders bearing the brunt of the losses, according to Coinglass data

Bitcoin’s open interest rose 2.09% over the last 24 hours. Interestingly, Binance derivatives traders, both retail and whale, drastically lowered their long exposure to the leading cryptocurrency.

Top Gainers (24 Hours) 

The global cryptocurrency market capitalization stood at $2.15 trillion, contracting 2.06% over the last 24 hours.

Stocks Rally On Soft Inflation PrintStocks bounced back on Monday. The Dow Jones Industrial Average gained 9.63 points, or 0.02%, to end at 52,508.27. The S&P 500 advanced 0.38% to settle at 7,543.59, while the tech-heavy Nasdaq Composite closed up 0.9% at 26,107.01.

The June Consumer Price Index came in cooler than expected, sharply lowering odds that the Federal Reserve would increase rates at its policy meeting later this month, according to the CME FedWatch tool.

In other news, the U.S. military carried out an “additional round of strikes” against Iran in response to alleged attacks on commercial ships in the Strait of Hormuz. The U.S. also reimposed the naval blockade against Iranian ports.

Bitcoin To Break Out?Michaël van de Poppe, a widely followed cryptocurrency analyst and trader, identified a “strong bullish divergence on Bitcoin’s daily chart.

Van De Poppe stated that Bitcoin needs a decisive break above $65,000 to enter a key range, with the next upside target shifting toward the range high between $88,000 and $92,000.

On-chain analytics firm Santiment noted cryptocurrency chatter on social media nearing its lowest levels since the summer of 2024.

“The bullish case is simple: quiet crowd, low enthusiasm, and plenty of sidelined disbelief,” Santiment added. “When attention is this washed out, even a modest shift in demand can feel much bigger than the headline mood suggests.”

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Cardano (ADA) is showing renewed strength after testing a key support level, with traders closely monitoring whether bullish momentum will be sustained. ADA’s recent performance has reignited investor interest and brought whale accumulation trends to the forefront.

Cardano price action strengthens bullish outlookADA is currently trading at $0.1629 with a 24-hour trading volume of $302.62 million and a market capitalization of $5.94 billion. The cryptocurrency has recorded a 3.52% increase in the last 24 hours, stabilizing its market structure and sparking anticipation of a further push upwards.

Crypto analyst Sjuul noted that Cardano recently confirmed a bullish break on its higher-timeframe chart, establishing a new higher high and drawing renewed attention from market participants. This price movement suggested growing buyer confidence and hinted at the possibility of a sustained rally if key supports are defended.

Cardano’s confirmation of a higher high on higher timeframes has brought renewed hope of a bullish reversal, signaling that buyers are regaining control and may set the stage for another upward move in the sessions ahead.

The altcoin is now entering a corrective phase, testing a critical support area that is likely to determine its near-term trajectory. Analysts stated that maintaining this support zone would allow the bullish structure to persist, providing conditions for a push back towards resistance at $0.19. Conversely, a breakdown could put further gains at risk and potentially trigger a market correction.

Whale accumulation indicates growing long-term confidenceOn-chain data from Everstake revealed that large Cardano investors have continued to increase their holdings. Wallets containing between 100,000 and 100 million ADA have grown by 1.8% over the last four months, reaching their highest ownership share since February 2023.

In parallel, the proportion of ADA held by smaller wallets with less than 100 tokens has seen a slight decline in recent weeks. The trend suggests a consolidation of ADA supply among larger stakeholders despite ongoing market volatility.

Mini dictionary: Everstake, a prominent staking service provider, monitors blockchain network data and investor behavior, offering analytics on wallet distributions and staking trends.

This fresh accumulation is taking place as Cardano continues to make progress in network development and ecosystem growth, factors that historically have supported long-term investor enthusiasm.

Wallet TypeADA HoldingsRecent ChangeWhale Wallets100k – 100m ADA+1.8% (last 4 months)Small Wallets<100 ADADecrease in stakeMarket sentiment and outlookDespite ongoing volatility, both price analysis and whale accumulation point to an overall positive sentiment in Cardano. As Bitcoin’s price trend also turns upward, market optimism is further bolstered. However, analysts warn that ADA’s next move will hinge on the ability of bulls to defend critical support levels established after the recent breakout.

If bulls succeed in holding the current support area, ADA may rally towards $0.19, its immediate resistance. Should this effort falter, Cardano might face increased selling pressure, leading to a short-term correction. The next sessions will be crucial in defining Cardano’s direction as the market weighs ongoing network progress against immediate price action.

Market projections suggest that continued whale accumulation and network development could underpin further growth for Cardano, but near-term performance will depend heavily on how well the current support is defended following the breakout.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

The ADA community has reacted strongly after Intersect confirmed that responsibility for delivering Cardano’s presence at TOKEN2049 Singapore will shift from EMURGO to the Cardano Foundation.

The decision has sparked a governance debate across the Cardano ecosystem, with several community members arguing that the transfer bypasses the treasury governance process approved by Delegated Representatives (DReps). 

Intersect Explains Why the Cardano Foundation Will Lead TOKEN2049 In a recent announcement, Intersect revealed that EMURGO has been focusing its resources on managing the aftermath of the SecondFi incident. Consequently, the company informed Intersect that it could no longer allocate the personnel required to organize and execute Cardano’s participation at TOKEN2049.

Following discussions among EMURGO, the Cardano Foundation, and Intersect, the three parties agreed to transfer delivery responsibility for the event to the Cardano Foundation.

As the administrator of the treasury process, Intersect emphasized that its priority is to ensure approved governance actions are successfully delivered. Therefore, it described the change in the executing entity as the most practical solution, citing the limited time before the October conference and the need to avoid uncertainty surrounding Cardano’s participation.

The controversy traces back to an earlier governance decision. Cardano’s DReps previously approved EMURGO’s standalone treasury proposal requesting 3.3 million ADA to fund an official Cardano presence at TOKEN2049 Singapore. 

Now, Intersect confirmed that the Cardano Foundation would receive the approved funds and execute the project instead.

Community Questions Governance Process Meanwhile, Intersect’s announcement immediately drew criticism from several community members, who argued that the approved proposal specifically authorized EMURGO, not the Cardano Foundation, to execute the project.

Popular DRep Chris O described the decision as a breach of Cardano’s governance framework. According to him, DReps approved a proposal that explicitly assigned execution to EMURGO. Therefore, if EMURGO could no longer fulfill its obligations, the treasury funds should have been returned rather than reassigned to another entity.

Chris also argued that the Cardano Foundation should submit its own treasury proposal if it intends to organize the event. He also criticized what he viewed as Intersect and the Foundation unilaterally changing the terms of an approved governance action without seeking another DRep vote.

Additionally, community member Dramz called for the funds to be returned entirely, expressing frustration with EMURGO’s role in the situation. 

Similarly, another community member questioned why Intersect decided on behalf of the broader Cardano ecosystem. He urged the organization to return the funds to the treasury and allow a fresh governance proposal rather than modify the existing one. 

Just one quick problem with this. The DReps didn’t vote to fund CF to do Token2049. They voted Emurgo. I think it’d’ve been proper to at least seek DReps’ opinions on the swap before it happened rather than telling us about it after the event.

— Kit Willow 𖤍 (@willow_kit) July 14, 2026

Despite the criticism, not everyone opposed the decision. Some Cardano supporters argued that maintaining an official presence at TOKEN2049 outweighs the need to restart the treasury process.

They contend that requiring a new proposal could delay preparations and potentially jeopardize Cardano’s participation in one of the cryptocurrency industry’s largest conferences. From their perspective, transferring execution to the Cardano Foundation ensures the original objective of the approved proposal is achieved despite EMURGO’s operational constraints. 

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.

Djed Spence just became the first Muslim player to wear an England jersey at a FIFA World Cup. The 25-year-old Tottenham Hotspur full-back took the pitch during the 2026 tournament, a milestone that sent waves of pride across Britain and sparked a predictable amount of confusion in crypto circles.

Because yes, there is a Djed stablecoin on Cardano. And no, the two have absolutely nothing to do with each other. But the intersection of naming coincidence, massive global attention, and a crypto-literate internet means this story landed squarely in our territory. Here’s what actually matters.

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The football story that broke through Born on August 9, 2000, Spence plays full-back for Tottenham Hotspur, wearing kit number 24. England’s World Cup campaign has included a match against Croatia in Dallas. Spence’s Instagram posts surrounding his selection have featured faith-inspired messages, including the phrase “GOD IS THE GREATEST,” blending personal belief with national team pride.

The Djed stablecoin: same name, different universe For those unfamiliar, Djed is an algorithmic stablecoin protocol built on the Cardano blockchain. It was designed by IOG (Input Output Global) and launched with the goal of providing a decentralized, over-collateralized stablecoin pegged to the US dollar. The protocol uses a reserve coin mechanism, where holders of the reserve token absorb volatility to keep the stablecoin’s peg stable.

There is zero connection between Djed Spence the footballer and Djed the stablecoin protocol. No sponsorship deals. No token endorsements. No NFT collections. No blockchain partnerships.

The name “Djed” itself has ancient Egyptian origins, referring to a pillar-like symbol representing stability and endurance.

What this means for crypto investors Djed the stablecoin protocol will rise or fall based on Cardano ecosystem adoption, collateralization ratios, and DeFi usage patterns. For investors watching the Cardano ecosystem specifically, the relevant metrics remain on-chain: total value locked in Djed’s smart contracts, the ratio of stablecoin supply to reserve coin backing, and broader Cardano DeFi activity.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Tether is shifting stablecoin adoption from crypto markets toward everyday financial infrastructure. By leading Pact Labs’ $7 million Series A, the company is targeting payroll, earned wage access, and real-time payments through USA₮.

That strategy addresses a U.S. payroll system processing more than $11 trillion annually, where legacy settlement still delays access to earned wages.

Supporting this, Tether CEO Paolo Ardoino noted,

This confirms what our transaction data has shown for years: the demand for dollar-denominated settlement is a wages story.

Source: Tether on X Rather than competing for trading volume, Tether is pursuing recurring payment flows that generate consistent stablecoin demand. This marks a structural expansion of stablecoin utility beyond speculative markets.

Still, enterprise integrations, payroll adoption, and transaction growth will determine whether USA₮ becomes embedded in mainstream finance or remains a niche payment alternative.

Compliance reinforces Tether’s expansion On one hand, building payment rails addresses just one-half of the problem. That makes Chainalysis’ support for Stable, a USDT-native Layer 1, more significant than another blockchain integration.

As Tether continues to push stablecoins into payroll and daily transactions, institutions will require continuous monitoring prior to committing larger transactional volume on-chain.

Chainalysis provides this critical layer. This is via real-time transaction screening, entity monitoring, and fund flow analysis.

Source: Chainalysis Chainalysis’s automatic support for additional ERC-20 and ERC-721 tokens enables Stable to continue to grow. It does so while providing ongoing compliance coverage. Thus, the opportunities for Stable extend far beyond fast settlement.

If payment activity and institutional adoption grow together, compliance could become the catalyst that transforms stablecoins into trusted financial infrastructure.

Payment infrastructure now faces its most important challenge. It must show resilience in generating sustained real-world activity. Faster settlement and strong compliance have removed many of the regulatory hurdles for enterprises to adopt blockchain technology.

Rising enterprise wallets, larger transaction sizes, and expanding payment flows would signal businesses are moving beyond pilot programs.

That momentum gradually shifts blockchain’s role from facilitating digital asset transfers to supporting everyday financial services.

The competitive advantage is also changing. Networks that attract recurring payment activity, rather than simply launching new infrastructure, are increasingly positioning themselves at the center of mainstream finance.

Final Summary Tether is expanding beyond trading by positioning stablecoins as infrastructure for payroll and everyday payments. Stablecoin adoption now depends on recurring payment activity supported by scalable infrastructure and institutional-grade compliance.

July 15, 2026 07:00 ET  | Source: IREN

NEW YORK, July 15, 2026 (GLOBE NEWSWIRE) -- IREN Limited (NASDAQ: IREN) (“IREN”) today announced the appointment of Eric Hammersley as Chief Information Security Officer.

The appointment follows the recent additions of Kambiz Aghili as Chief Product Officer and Michael Nudelman as Chief Development Officer, as IREN continues to strengthen its senior leadership team and expand its AI Cloud platform across new markets and services.

As Chief Information Security Officer, Mr. Hammersley will lead IREN’s security program across all three layers of its platform: data centers, compute and software.

Mr. Hammersley brings more than two decades of experience securing cloud platforms and critical infrastructure. He joins from Nutanix, where he served as Vice President, Engineering and Chief Product Security Officer, responsible for security governance, compliance and operational assurance across the company’s software and SaaS products.

His earlier roles include leading software product security architecture for NVIDIA’s high-performance computing environments, and senior engineering positions across the U.S. federal government and defense sector, including as Chief Engineer supporting the Joint Chiefs of Staff (J6). He is a U.S. Navy veteran.

Daniel Roberts, Co-Founder and Co-CEO of IREN, said:

“Security is core to how we design, build and operate our platform. As we deliver AI Cloud services to some of the most demanding customers in the world, Eric’s experience securing cloud platforms at scale will be invaluable.”

About IREN

IREN is a vertically integrated AI Cloud provider, delivering large-scale data centers and compute for AI training and inference. IREN’s platform is underpinned by its expansive portfolio of grid-connected land and power in renewable-rich regions across North America, Europe and APAC.

Contacts

Investors
[email protected]

Media
[email protected]

Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or IREN’s future financial or operating performance. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies, revenue targets, expectations relating to capital expenditures, anticipated hardware deliveries, and trends we expect to affect our business. These statements often include words such as “anticipate,” “believe,” “may,” “can,” “should,” “could,” “might,” “plan,” “possible,” “project,” “strive,” “budget,” “forecast,” “expect,” “intend,” “target”, “will,” “estimate,” “predict,” “potential,” “continue,” “scheduled”. Forward-looking statements may also be made, verbally or in writing, by members of our Board or management team in connection with this news release.

These forward-looking statements are based on management’s current expectations and beliefs. These statements are neither promises nor guarantees, but involve and are subject to known and unknown risks, uncertainties and other important factors that may cause IREN’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements, including IREN’s ability to successfully execute on its growth strategies and operating plans, achieve its targeted annualized run-rate revenue and operating capacity, continue to develop its existing data center sites, design and deploy direct-to-chip liquid cooling systems, and diversify and expand into the market for high performance computing solutions (including the market for cloud services and potential colocation services), along with other important factors discussed under the caption “Risk Factors” in IREN’s Annual Report on Form 10-K, filed with Securities and Exchange Commission (the “SEC”) on August 28, 2025 and our other filings with the SEC. These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any forward-looking statement included in this press release speaks only as of the date of such statement. Except as required by law, IREN disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.

Integration of LexisNexis Health Intelligence platform with Agenium's no-code SaaS platform can help life insurers adopt EHRs at scale and enable straight-through processing

, /PRNewswire/ -- LexisNexis® Risk Solutions has announced at the Association of Home Office Underwriters (AHOU) 2026 annual conference the integration of its digital health data platform, LexisNexis® Health Intelligence, with Agenium's modern, no code configurable platform, building on the companies' existing alliance. This latest integration makes it easier for life insurers to access medical records and related insights, such as electronic health records (EHRs) and sets the stage for carriers to receive decision-grade curated medical insights from LexisNexis Risk Solutions, reflecting the company's commitment to advancing intelligence for risk decisions and more efficient digital workflows.

LexisNexis Health Intelligence streamlines how insurers access medical EHR data, enabling more informed decisions, improved efficiency and a better life insurance application experience for consumers. The new integration of Health Intelligence directly into Agenium's configurable platform provides life insurers another avenue to request, manage and receive medical records. Agenium's decision engine can further accelerate the ingestion of LexisNexis Risk Solutions medical data and insights for life insurance companies, enabling faster underwriting decisions.

"Our innovations are designed to provide the life insurance industry the ability to fast-track their electronic health record adoption, utilizing our hybrid network orchestration approach with data sourced from national EHR organizations, Health Information Exchanges and directly from applicants' healthcare portals via a consumer-driven process," said Debra Gangelhoff, vice president and general manager, life insurance, LexisNexis Risk Solutions. "And now, we can offer another way for carriers to integrate and configure their desired workflows in the most efficient way via Agenium's no-code technology while increasing life insurers' usability of the data from our decision-ready medical and behavioral data insights solutions."

"As Carriers embrace end-to-end digital experiences, including real-time risk scoring and underwriting decisions at the point-of-sale, they will need seamless access to medical data and health insights," said Michael Risley, CEO of Agenium.

"Agenium provides a modern integration layer that allows carriers to seamlessly connect their various point-of-sale application platforms and their home office new business and underwriting platforms with a single interface to these innovative Lexis Nexis solutions."

Tom Scales, principal analyst, Celent, says, "We are beyond the need for a simple digital experience. Consumers expect more. Agents will sell in the easiest and most favorable way for their customer and themselves. The investment is not optional anymore."1

The LexisNexis Health Intelligence integration with Agenium is now live and in production for select life insurance carriers, joining LexisNexis® Instant ID® and LexisNexis® Life Data Prefill to offer a powerful solution set from application to underwriting.

LexisNexis Risk Solutions expects to continue building on this collaboration, expanding integrations and capabilities, such as access to consolidated, critical risk data from EHRs as well as advanced models with easy to ingest scores, to support evolving insurer needs and industry demands.

For more information, connect with the life insurance experts from LexisNexis Risk Solutions at AHOU, April 19-20, booth 514.

About LexisNexis Risk Solutions
LexisNexis® Risk Solutions leverages the power of data, advanced analytics platforms and integrated AI solutions to provide insights that help businesses across multiple industries and governmental entities reduce risk and improve decisions to benefit people around the globe. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information-based analytics and decision tools for professional and business customers. For more information, please visit LexisNexis Risk Solutions and RELX.

About Agenium
Agenium, a leader in disruptive platform technology, accelerates digital innovation of the complete underwriting and new business process for Life, Health, and Annuity carriers and distributors. The Agenium Platform is a modern, no-code SaaS platform that provides a secure, scalable, and flexible architecture with complete integration to a carrier's legacy environment and all 3rd party data sources. Using the latest rules, predictive AI, and data analytics, our 30+ carriers are rapidly increasing auto decisioning, reducing manual intervention, and improving time to issue and profitability. Speed to market is paramount, and the Agenium Platform enables clients to enter production in weeks or months, positioning them to capitalize on new revenue growth opportunities - a more complete solution at a fraction of the cost of other vendors. See more at: agenium.ai

Media Contacts:
Emma Valenti
Sr. Communications Specialist, Insurance
[email protected]
+1 470.550.7793

1 Top Tech Trends Previsory: Life Insurance, 2026 Edition | Celent

SOURCE LexisNexis Risk Solutions

Shares in FTSE 100 giant RELX PLC (LSE:REL) fell 2.7% to 2,664p despite the information and analytics group reporting a strong start to 2026 and reaffirming its full-year outlook.

In a statement ahead of its annual meeting, the group pointed to positive momentum across all four divisions and said it continues to invest in artificial intelligence, combining large proprietary data sets with new technologies to launch products and drive usage.

Growth was said to be increasingly driven by a shift towards higher-value products, particularly AI-enabled analytics tools that help customers make decisions and manage risk.

In the data and analytics-focused Risk arm, revenues were supported by demand for financial crime compliance and fraud solutions.

Legal also delivered strong growth, helped by the uptake of its AI-powered research platform, including Lexis+ with Protégé.

Scientific, Technical & Medical saw improving growth as more customers adopted advanced data tools.

Exhibitions benefited from a stronger events portfolio and digital initiatives.

Looking ahead, RELX said it expects underlying revenue growth to remain strong across the group,, with adjusted operating profit growing faster than revenue, reflecting operational leverage.

The company also guided to continued growth in adjusted earnings per share on a constant currency basis, maintaining its trajectory of steady expansion.

RELX (RELX) is rated a buy, with strong growth, high profitability, and a more reasonable valuation post-‘SaaSpocalypse' AI fears. RELX's legal and risk segments are well-protected by proprietary data, limiting AI disruption risk and supporting robust earnings growth guidance. Trading at a 20x forward P/E, RELX is fairly valued, with expected high single-digit EPS growth and a 2.5% progressive dividend yield.

Paris, France / New York, NY, April 28, 2026 (GLOBE NEWSWIRE) -- RELX Group, which owns LexisNexis® Legal & Professional, a global leader in information, analytics, and AI-powered legal workflow solutions, today announced it has offered to acquire Doctrine, France-based Legal AI platform recognized for its advanced AI tools in legal search, analysis, drafting and practitioner workflows, including Flow Litigate and Flow Counsel.

This proposed acquisition would accelerate the delivery of enhanced, trusted, intuitive and authoritative legal AI workflow solutions in France and across key European jurisdictions, including Germany, Spain and Italy and should assist customers to improve productivity and achieve better outcomes. 

Sean Fitzpatrick, Chief Executive Officer, Global Legal, LexisNexis Legal & Professional, said:

“We are excited about the prospect of welcoming Doctrine, so that we can serve customers in France, across Europe, and beyond in even greater ways. Doctrine’s customer-centric innovation approach, powerful platform, and expert talent, complement LexisNexis’s global capabilities in authoritative legal AI workflow solutions, and we look forward to delivering even more value to customers.”

Guillaume Carrère, Chief Executive Officer of Doctrine, said:

“From the start, we have been obsessed with one thing: building cutting-edge AI solutions for legal professionals across Europe. Joining RELX is the natural next chapter for that mission. LexisNexis brings unparalleled depth of content, global reach and a shared conviction that AI, applied responsibly, will transform how legal work gets done. For our customers, this means faster access to a richer set of capabilities; for our team, it means joining a company that recognises and will invest behind the technical and product excellence we have built.”

Founded in 2016 and headquartered in Paris, Doctrine combines a comprehensive corpus of case law, legislation and regulatory content for civil law jurisdictions with a suite of AI-powered research, drafting and analytics tools. The platform is used daily by 27,000 legal professionals across France, Italy, Germany and Spain, including law firms ranging from solo practitioners to top-tier Anglo-American firms, multinational corporations and public entities including French ministries, local authorities, and universities.

The proposed acquisition is subject to the completion of applicable information and consultation procedures with the relevant employee representative bodies and customary regulatory consents. The terms of the transaction have not been disclosed. The two companies will continue to operate separately in the interim. 

About Doctrine 

Doctrine is a leading legal AI and intelligence platform for civil law jurisdictions in Europe. Founded in 2016 and headquartered in Paris, Doctrine combines a comprehensive corpus of case law, legislation and regulatory content with AI-powered research, drafting and analytics tools. The platform is used daily by legal professionals at law firms, corporates and public institutions across France, Italy, Germany and Spain. For more information, visit www.doctrine.fr.

About LexisNexis® Legal & Professional

As part of RELX, LexisNexis® Legal & Professional provides AI-powered legal, regulatory, business information, analytics, and workflows that help customers increase their productivity, improve decision-making, achieve better outcomes, and advance the rule of law around the world. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. LexisNexis Legal & Professional serves customers in more than 150 countries with 11,900 employees worldwide. It has a long tradition in the French market, grounded in the ownership of JurisClasseur since 1993.

About RELX

RELX is a global provider of information-based analytics and decision tools for professional and business customers. RELX serves customers in more than 180 countries and territories and has offices in about 40 countries. It employs more than 37,000 people, around 40% of whom are in North America. The shares of RELX PLC, the parent company, are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX. The total market capitalization is approximately £47.7bn, €55.1bn, $64.4bn.