Spot XRP ETFs recorded inflows for 11 consecutive days as the RSI formed a bullish divergence on the price charts, early signs that a rally was in the cards. Spot XRP exchange-traded funds (ETFs) continued to attract investors, recording their eleventh straight day of inflows, underscoring institutional demand. But is this enough to keep the XRP (XRP) price above $2 and trigger a sustained recovery? Key takeaways: Spot XRP ETFs have attracted over $756 million in inflows since their launch. Read more
Russia’s central bank is considering scrapping its strict requirements for crypto transactions as sanctions make it hard for Russians to transact internationally. An official from the Bank of Russia suggested easing restrictions on cryptocurrencies in response to the sweeping sanctions imposed on the country. According to a Monday report by local news outlet Kommersant, Bank of Russia First Deputy Governor Vladimir Chistyukhin said the regulator is discussing easing regulations for cryptocurrencies. He explicitly linked the rationale for this effort to the sanctions imposed on Russia by Western countries following its invasion of Ukraine in February 2022. Chistyukhin said that easing the crypto rules is particularly relevant when Russia and Russians are subject to restrictions “on the use of normal currencies for making payments abroad.” Read more
Crypto gaming could thrive if the US Clarity Act passes Congress, but the sector should broaden beyond crypto-only models: Web3 Gamer Crypto will start to become adopted by multibillion-dollar gaming giants after the CLARITY Act advances through US Congress, according to Robbie Ferguson, founder of Immutable. I expect to see a ton of companies to come out of the woodwork with ultimately programmable loyalty and incentive schemes that are far more efficient than whatever their existing system is using, Ferguson said during an interview on TradeTalks on Wednesday. Were already in conversation with mult-billion dollar public gaming companies who are considering launching tokens as incentives for their end players, but what they need is complete clarity and certainty on how they can do that in a lawful way, Ferguson said. Read more
Crypto gaming could thrive if the US Clarity Act passes Congress, but the sector should broaden beyond crypto-only models: Web3 Gamer Crypto will start to become adopted by multibillion-dollar gaming giants after the CLARITY Act advances through US Congress, according to Robbie Ferguson, founder of Immutable. I expect to see a ton of companies to come out of the woodwork with ultimately programmable loyalty and incentive schemes that are far more efficient than whatever their existing system is using, Ferguson said during an interview on TradeTalks on Wednesday. Were already in conversation with mult-billion dollar public gaming companies who are considering launching tokens as incentives for their end players, but what they need is complete clarity and certainty on how they can do that in a lawful way, Ferguson said. Read more
Bitwise Onchain Solutions discusses how Ethereum’s Fusaka upgrade trades big‑bang hard forks for faster, targeted changes that make the network more strategic. Ethereum’s upcoming Fusaka upgrade on Wednesday is being framed as just another scaling step, but it marks a shift in how the network ships change. Instead of massive, multi‑year overhauls, Fusaka is the first proof that Ethereum can deliver focused, high‑impact upgrades in something closer to six months. At the center of Fusaka is Ethereum Improvement Proposal (EIP)‑7594, Peer Data Availability Sampling (PeerDAS), the technical headline that changes how Ethereum handles data from rollups without forcing node operators to buy data‑center hardware or compromise on decentralization, in line with the roadmap the Ethereum Foundation laid out for the next 12 months. “Ethereum is now trying to be more strategic in what it’s delivering and how quickly it’s delivering it,” Chris Berry, head of onchain engineering at Bitwise Onchain Solutions, one of the longes...
Bank of America’s wealthiest clients will gain access to Bitcoin ETFs, while its network of over 15,000 wealth advisers can recommend crypto exposure for the first time, Yahoo reported. More big-name financial institutions are opening the door to Bitcoin exposure, signaling a growing institutional appetite for regulated digital asset products. Bank of America, the second-largest US bank, reportedly recommended a 1%–4% cryptocurrency allocation to its wealth management clients through the Merrill, Bank of America Private Bank and Merrill Edge platforms, according to a statement shared with Yahoo Finance on Tuesday. “For investors with a strong interest in thematic innovation and comfort with elevated volatility, a modest allocation of 1% to 4% in digital assets could be appropriate,” said Chris Hyzy, chief investment officer at Bank of America Private Bank, in the statement shared with Yahoo. Read more
Trust Wallet is the latest crypto wallet to tap into prediction markets, starting with Myriad, highlighting an increasing trend of bundled trading tools. Trust Wallet, the self-custodial crypto wallet owned by Binance co-founder Changpeng “CZ” Zhao, is the latest wallet to tap into prediction markets. Trust Wallet has launched Predictions, a new wallet-native section allowing users to trade and earn on real-world events with full self-custody, the company announced Tuesday. “Eligible users can view events, take positions on outcomes such as yes or no and track how each event develops over time, all within their existing Trust Wallet,” Trust Wallet said. Read more
Bitcoin velocity RSI produced a rare bear market bottom signal as BTC price losses sparked a return to extreme "oversold" conditions. Bitcoin (BTC) is printing a key bear market bottom signal at $87,000 as analysis says that BTC price history may repeat. Key points: Bitcoin’s velocity RSI metric returns to levels seen only around bear market bottoms. Read more