XRP prices have multiplied at least 10x in previous bull cycles, fueling hopes for a similar big breakout toward $30 by mid-2026. Key takeaways: One market analyst projects XRP could climb toward $34 this bull cycle. XRPL’s $190 billion market cap versus $85 million TVL keeps overvaluation risks in play. Read more
USDC issuer Circle introduced its layer-1 blockchain, Arc, and said its Q2 revenue and reserve income increased 53% year-over-year. Circle, a publicly traded US company and the issuer of USDC stablecoin, said it will launch a layer-1 (L1) blockchain compatible with the Ethereum Virtual Machine (EVM) later this year. The company released its second-quarter results on Tuesday and announced the introduction of Arc, a new network designed to offer an “enterprise-grade foundation” for stablecoin payments, foreign exchange and capital markets applications. Expected to launch in public testnet, Circle’s Arc will feature USDC (USDC) as its native gas token, enabling users to pay transaction fees with the stablecoin. Read more
Metaplanet and the UK’s The Smarter Web Company added nearly $100 million in Bitcoin on Tuesday, boosting their positions among the largest public corporate BTC holders. Two publicly listed companies, Japan’s Metaplanet and the United Kingdom’s The Smarter Web Company, added almost $100 million worth of Bitcoin to their corporate treasuries. On Tuesday, Metaplanet disclosed that it had purchased 518 Bitcoin (BTC) for about $61.4 million at an average price of $118,519 per coin. The buy lifted the Tokyo-listed company’s total holdings to 18,113 BTC, worth about $2.15 billion at current prices, and acquired at an average of $101,911 per Bitcoin. Led by CEO Simon Gerovich, Metaplanet now ranks sixth globally in public company Bitcoin holdings, behind Michael Saylor’s Strategy, MARA, XXI, Bitcoin Standard Treasury Company, and Riot, according to data from BitcoinTreasuries.NET. Read more
The end of the almost five-year legal dispute will enable the agency to dedicate more time to developing clear regulatory frameworks, according to SEC Chair Paul Atkins. The United States Securities and Exchange Commission (SEC) is signaling an increasing focus on developing a clear cryptocurrency regulatory framework after ending one of the industry’s longest-running legal battles. The SEC and Ripple Labs ended their almost five-year dispute after both parties filed to drop their legal appeals and bear their costs and fees, according to a filing last Thursday with the Second Circuit Appeals Court. The case’s conclusion is a “welcome development” that ensures “minds once occupied with litigation now can concentrate on creating a clear regulatory framework for crypto,” said SEC Commissioner Hester Peirce in a Monday X post. Read more