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In the latest XRP news, Ripple Labs has joined the UK HM Treasury’s Wholesale Digital Markets taskforce, a 54-firm initiative that estimates tokenized wholesale finance could add up to £33 billion to UK annual economic output by 2035. The move places Ripple in the room alongside major institutions – a composition that signals this program is anchored in institutional finance, not crypto-native advocacy.

Ripple’s participation is that of a task force member, not an advisory lead or designated pilot operator. The distinction matters: with more than 50 organizations involved, Ripple holds a seat at the table where tokenization standards for UK wholesale markets will be shaped, but it does not control the program’s direction.

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XRP News: What the Taskforce Is Actually Building

The £33 billion annual economic estimate originates from HM Treasury’s own strategy documents, not from Ripple. The firm cited the figure in its public support statement.

In a post on X, Ripple said that onchain funds, bonds, and repurchase agreements are already being used. The company also said these products can settle faster and cost less than many traditional systems, and it pointed to the UK’s well-developed capital markets and trusted regulatory system as reasons the country could become a leading market for tokenized wholesale finance.

Regulatory Momentum and the US Angle

The taskforce alignment matters for market positioning broadly: if UK and US tokenization standards converge, and cross-border repo and collateral settlement become primary use cases, then existing institutional infrastructure for cross-border payments could become more directly applicable. That is the strategic logic of Ripple’s presence on the taskforce – early influence in a market that could scale meaningfully by mid-decade.

Industry feedback on taskforce priorities and timelines remains open through September 4.

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SEC Lawsuit Context and XRP Price Setup

Separately, Ripple disclosed new details about the pressure it faced following the SEC’s December 2020 lawsuit. CEO Brad Garlinghouse confirmed that company leadership discussed shutting Ripple down within days of the filing, including the option to close the business, distribute its XRP holdings to shareholders based on their ownership, and tell the SEC that the company named in the lawsuit no longer existed.

CTO David Schwartz later confirmed that outside lawyers told company leaders the business could not be saved, and said the advice at the time was for the executives to strike a deal to protect themselves. Garlinghouse later disclosed that Ripple spent about $150 million on legal fees during the four-year court battle.

Schwartz subsequently clarified that some reports misunderstood his comments, stressing that he never meant to suggest Ripple was close to shutting down, a distinction that matters given how the narrative circulated. The disclosures are retrospective at this point, but they frame the legal risk premium that weighed on XRP pricing from 2020 through the case’s resolution.

On the price side, XRP is holding above the $1.04–$1.11 support band. Both the recent rally leg and the subsequent pullback formed three-wave structures, which do not yet constitute a confirmed bullish pattern.

A sustained hold above support opens the path toward $1.19 and then $1.25; a break below the zone would reinforce the broader downtrend. XRP is up 3.89% year-to-date in 2026, extending a streak of positive annual returns: 47.6% in 2023, 31.2% in 2024, and 35% in 2025.

The UK taskforce announcement adds a concrete regulatory-institutional data point to Ripple’s positioning, but it does not alter near-term XRP technicals. The more durable question is whether Ripple’s early presence in a government-backed tokenization program – alongside institutions that collectively manage trillions in assets – translates into protocol-level adoption when the spring 2027 pilot goes live.

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The post Ripple Crowned: UK Treasury Just Changed Everything for XRP appeared first on Cryptonews.

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Coinbase CEO Brian Armstrong has admitted that his company “messed up” when it shifted its focus to content coins and prioritised the promotion of its crypto social media app Zora, before pivoting to AI products.

Armstrong was responding to X user “smileyXBT,” who criticized the exchange for “chasing the next meta instead of backing the people and culture already here.”

The CEO originally claimed that the firm was trying to steer users towards positive-sum crypto use cases and maintain a business “moat” with its customer base that would allow it to weather competition from rivals. 

However, smileyXBT wasn’t convinced, noting that Base, Coinbase’s blockchain network, spent the last year pushing Zora while doing very little to build a moat. 

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SmileyXBT also highlighted Base’s efforts to push creator coins tied to individuals with “shady track records,” and pointed out that users were “smoked” by creator coins launched by Base founder Jesse Pollak, and former Coinbase CTO Balaji Srinivasan. 

that’s exactly why the last year has been kinda hard to make sense of

base spent 1+ year pushing zora. did it build a real user moat? not really

base gave more shine to ex-coinbase projects than the wider ecosystem. was it worth it? not really

creator coins got pushed even… https://t.co/YOOxRm5VWx

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— XD (@smileyXBT) July 13, 2026

Read more: What’s the deal with Zora, Base, and content coins?

They also claimed that this “hurt users” before noting how Coinbase went on to pivot to AI agents. 

Armstrong agreed with smileyXBT’s content coin breakdown. He said, “They didn’t work and we pivoted early this year. We messed up, time to turn the page.”

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However, Armstrong disagreed that a pivot to AI agents replaces community.

“Base has been focused on trading, payments, and agents (in that order),” he said, adding that “all three are inextricably intertwined.”

Content coins didn’t pan out

There was a lot of confusion around the token system established between Coinbase, Base, and Zora in 2025.

Zora and Base were apps styled around Instagram that involved tokens called content coins and creator coins that were launched alongside posts and new accounts.

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Eventually, in July 2025, Zora was integrated into Base as it attempted to model itself as an “everything app.” 

Earlier in the year, Zora pivoted into content coins by dropping the NFT minting services it had originally focused on since 2021. This, in turn, upset many NFT artists who had relied on the app for work.  

Promotion of Zora involved Base posting “base is for everyone” on the Zora app. This, in turn, created a content coin alongside it and meant it had technically launched an official token via Zora.

However, Coinbase didn’t see it that way.

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It told Protos that Zora posts are “automatically tokenized,” and then, contradicting itself, said, “Base did not launch a token, this is not an official Base token, and Base did not sell this token.” 

Read more: Zora updates coin guidelines after ZachXBT calls out Sahil collab

The majority of tokens launched by Pollak on the Base app lost much of their value in the months that followed. 

More scandal followed in August 2025 after Zora promoted a fake Tyson Fury Zora account and planned to collaborate with alleged serial rug-puller Sahil Arora.

Screenshots revealed by the crypto sleuth ZachXBT showed Pollak willing to look past Arora’s history, as he told the alleged rug puller to drop the “bad guy positioning,” and that he couldn’t wait to see his “positive impact.”

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Execs believed Arora had onboarded Fury and promoted the account on X. Arora had lied, and Fury wasn’t involved. 

This incident led to new guidelines that would hide, but not delist, any tokens that broke community guidelines.

Overall, the project failed to take off in the way Coinbase had hoped. Data compiled by Dune Analytics user “@zorateam” shows that the daily volume on Zora has reached lows of under $100,000 in the past few months. 

In May 2026, the daily volume almost reached $63 million, resulting in a 99.8% decrease in daily volume. The price of the Zora token is also down almost 96% since it’s all-time-high in August 2025.

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It was a year ago this month when the cross-border token stole the show, rode the bull train, and did what many thought was impossible: it broke its all-time high after seven years of pain and suffering.

Since then, though, the correction has been quite severe. XRP lost the $3.00 and $2.00 support levels in the following months before it collapsed to $1.01 during the late June and early July crash. Despite rebounding slightly to $1.07 as of press time, its price action remains highly depressed, struggling at over 70% below last year’s all-time high.

However, here comes CasiTrades’ positive news for the Ripple bulls as the popular analyst believes XRP’s year-long correction might finally be close to an end.

Over Soon?

In her latest analysis on the token’s price performance, she noted that the lower timeframes have shown a potential final 5-wave impulse down, which might take it to the major macro support at $0.87. Several analysts have weighed in on the matter lately, indicating that XRP might indeed bottom somewhere between $0.80 and $0.90.

According to CasiTrades’ vision on how the probable leg down will materialize, she noted that the first wave will be a sharp decline toward $0.93. The subsequent bounce will take the asset to $1.00, which would now serve as major resistance, and the rejection is likely to deliver the aforementioned bottom at $0.87.

“That final move would complete the macro Wave 2 correction and finish off the correction we’ve spent the last year building! The odds still favor one final low into support before the next major trend begins!”

Interestingly, ChartNerd offered a rather identical prediction for the cross-border token, suggesting that the consecutive lower highs can spell trouble and send it to well under $1.00.

What Follows Will Be Massive?

CasiTrades, alongside a few other analysts, believes the aforementioned leg down would be necessary for XRP to cleanse its current market structure and the so-called weak hands before it enters its next phase of expansion. MikybullCrypto also joined the bullish wave, noting that the token is forming something “massive.”

Although the analyst failed to outline a specific target now, he has been quite optimistic about making big XRP forecasts in the past, including a potential run to a new all-time high of $4.00 and beyond.

$XRP

What is coming for XRP will be massive

I love the pattern formation pic.twitter.com/T7ZIHRmtzJ

— MikybullCrypto (@MikybullCrypto) July 14, 2026

The post Ripple’s XRP Is Finishing The Correction It Started a Year Ago: What’s Next? appeared first on CryptoPotato.

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Bitcoin price is trading at $62,900, as we debate whether this pause is simply a reset or something more serious, with bearish prediction. Strategy’s latest move, selling $213 million worth of BTC, caught plenty off guard. A company known for buying rarely grabs headlines for selling, so the market naturally paid attention.

The sale arrived as macro risks piled up. US-Iran tensions escalated after Washington tightened restrictions around the Strait of Hormuz, sending oil prices higher and pressuring global risk assets. Chip stocks stumbled, while Bitcoin briefly slipped before finding buyers again.

Strategy’s updated approach also changes how investors view its role in the Bitcoin market. Instead of treating BTC as an asset that should never be sold, the company is taking a more flexible stance. Management can now sell Bitcoin to strengthen its balance sheet, support capital raises, or improve shareholder returns. That marks a noticeable shift from its long-standing accumulation strategy.

For Bitcoin, the impact is more about sentiment than immediate selling pressure. Strategy remains one of the largest corporate Bitcoin holders, so its long-term commitment has not disappeared. However, traders may no longer assume the company will buy every dip. That could weaken confidence during volatile sessions, especially when macro uncertainty is already keeping buyers cautious.

Meanwhile, leveraged traders took another hit as liquidations cleared out overheated positions and pushed futures funding closer to neutral. That reset eased excessive speculation, although it did not spark a convincing rebound. The market looks calmer, but traders are still keeping one eye on the headlines.

Spot Bitcoin ETF demand continues to provide support underneath the market, helping absorb selling pressure during periods of volatility. Even so, buyers have yet to regain full control. As long as geopolitical tensions remain elevated and Strategy’s new capital strategy remains in focus, Bitcoin could struggle to build enough momentum for a sustained move higher.

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Bitcoin Price Prediction: Reclaim $65,000 or Is a Deeper Correction Due?

Bitcoin is trading around $62,500 price level, with a 24-hour volume close to $30 billion, in a bearish prediction situation. Market activity remains steady, but it still lacks the urgency that usually marks a convincing reversal. Meanwhile, Bitcoin’s market cap sits near $1.24 trillion, while dominance holds around 56%, showing it still leads the crypto market despite recent weakness.

The technical picture remains uncomfortable. TradingView analysis still points to a confirmed bearish break from a multi-month symmetrical triangle. As usual, that former support has turned into resistance. The key zone sits between $63,000 and $65,000. A decisive move back above that range would improve the short-term outlook. Until then, sellers still have the upper hand.

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Three scenarios remain on the table. In the bullish case, stronger spot ETF inflows and easing macro tensions could help Bitcoin reclaim $63,500, opening the door for another test of the $65,000 resistance area. It is not a guarantee, but that is where momentum would finally start looking interesting again.

The base case still favors consolidation between $60,000 and $62,500 as traders reset leveraged positions. It is the kind of market that slowly drains everyone’s patience instead of their wallets. On the other hand, a daily close below $60,000 could expose the $58,000 to $59,000 support zone, where buyers may finally step back in.

Meanwhile, Strategy’s latest Bitcoin approach continues to hang over sentiment. Whether investors see it as caution or simply another funding strategy, the headlines are impossible to ignore. Michael Saylor’s company reshaped how institutions approach Bitcoin accumulation. Because of that, any perceived shift in its playbook naturally grabs attention instead of fading into background noise.

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Bitcoin Hyper Targets Early Mover Upside as Bitcoin Tests Key Levels

When Bitcoin consolidates near $60,000, and macro uncertainty is compressing near-term upside, the calculus for late-cycle BTC entries gets harder to justify. Asymmetric exposure requires looking elsewhere in the stack, specifically, infrastructure plays built on top of Bitcoin that carry their own growth narrative independent of BTC’s short-term price action.

Bitcoin Hyper ($HYPER) is positioning itself as the first Bitcoin Layer 2 with Solana Virtual Machine (SVM) integration. It’s technically, if executed, would bring sub-second finality and low-cost smart contract execution to the Bitcoin ecosystem without sacrificing BTC’s underlying security.

The presale has raised close to $33 million at a current price of $0.0136831, with staking live for early participants. The combination of a canonical bridge for native BTC transfers and SVM compatibility is the headline differentiator; it targets the programmability gap that has kept institutional developers building on Ethereum and Solana rather than Bitcoin.

The Bitcoin Hyper presale is worth reviewing for traders actively looking for pre-launch Bitcoin ecosystem exposure while BTC itself consolidates. DYOR before committing capital.

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The post Bitcoin Price Prediction: Strategy Has a New BTC Approach appeared first on Cryptonews.

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Bitcoin (BTC) traders are watching the July 14 US inflation report, with analysts at crypto trading firm BIT saying it could determine the cryptocurrency’s next move as markets price in 2.6 Fed rate hikes over the coming quarters.

The inflation data is also coming at a time when BTC has steadied after recent volatility, leaving macroeconomic signals in greater control of short-term price direction.

CPI Report Takes Centre Stage for Bitcoin

According to BIT’s latest market update, since the last rate cut outlook that helped lift Bitcoin during the early stages of its fifth bull market in 2023, expectations have changed, with investors increasingly pricing in tighter monetary policy since September 2025, which creates a more difficult backdrop for risk assets, including crypto.

The firm’s report also pointed to comments made this week by Federal Reserve Governor Christopher Waller that policymakers are at a crossroads, something it interpreted as making the current environment more hawkish than before. It also suggested that the inflation reading could quickly change prospects around BTC.

“Tonight’s CPI report is critical for Bitcoin,” read the update. “An inflation reading above 4.0% would likely reinforce expectations for further tightening and add to downside pressure.”

Recall that in the last FOMC meeting, rates were held at 3.50% to 3.75%. However, as minutes from the meeting revealed, there was a divide among officials on future hikes. Some of them, as pointed out by BIT, raised concerns about AI-induced inflation. Furthermore, the latest survey by the New York Fed estimated one-year inflation expectations to be 3.7%, which was the highest since September 2023 after May’s CPI reached a 3-year high of 4.2%.

Bitcoin is coming into the above setup trading near $63,000, having seen very little change in 24 hours but down by about 1% in the last week, with July historically seen as a green month for the OG cryptocurrency.

And it showed signs of that tendency after it recovered from a low near $58,000 to briefly climb above $64,000 before giving back parts of those gains as renewed hostilities between the US and Iran wrecked havoc in the market.

Not Everyone Is Convinced By July’s Seasonal Boost

Despite the rebound, CryptoQuant’s Bull Score Index is at 30, which is still firmly in bearish territory, and analysts have said that it needs a reading above 60 before any rebound counts as more than a bear-market bounce.

In addition, as BIT noted, the US-Iran conflict is not the only negative development Bitcoin has faced, as it also absorbed Strategy’s recent disclosure that it sold 3,588 BTC to fund dividend payments with little impact. It did dip by about $1,000 after the Strategy announcement, but recouped those losses within hours, which, according to the investment firm, suggested that much of the selling had already been anticipated by the market.

The post Bitcoin Brace for US CPI Report as Fed Rate Fears Grow appeared first on CryptoPotato.

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Although most experts anticipated slightly lower US Consumer Price Index numbers for June due to the ongoing ceasefire at the time in the Middle East, the actual data is more promising, showing an even larger decline.

The month-over-month drop is 0.4%, which breaks a three-month streak of consistent increases. BTC’s price reacted with an immediate surge of almost a grand that pushed it to $63,500 briefly.

However, a closer look at the data tells a different story. A large portion of the CPI decline from May’s multi-year record was due to the drop in oil prices in June because of the ceasefire signed between the US and Iran.

The Core CPI, which strips out more volatile sectors such as energy and food, remains unchanged. Furthermore, the ceasefire between the two warring nations ended last week, and the tension has substantially escalated. Oil prices have jumped once again, meaning the July data is likely to surge.

According to a recent analysis, BTC traders are closely monitoring the situation as it could provide a glimpse into the upcoming FOMC meeting, in which the Fed could hike the rates.

Analysts predicted that a reading above 4% YoY could lead to further tightening of monetary policy, impacting BTC negatively. However, the actual 3.5% figure might have the opposite effect.

Bitcoin’s initial reaction was quite positive, as the asset jumped to a daily peak of $63,600 before it retraced slightly. More volatility is expected as the news unfolds and the market prices in the next FOMC meeting.

The post Bitcoin Price Rockets as US CPI for June Comes in Well Below Expectations appeared first on CryptoPotato.

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The American Bankers Association, the Independent Community Bankers of America, and 76 state associations sent Senate leaders a set of targeted revisions to the CLARITY Act, which is pending before the Senate.

The July 13 letter went to Majority Leader John Thune and Minority Leader Chuck Schumer. It focuses on Section 404.

The Targeted Edits Banks Want in The CLARITY Act

Section 404 of the CLARITY Act targets stablecoin yield. It bars covered parties from paying returns solely for holding payment stablecoins or for providing a yield equivalent to bank deposit interest. It preserves activity-based rewards tied to transactions or platform use. 

The signers propose narrow changes to the section, plus a printed markup of the amended text. They want lawmakers to:

• Remove the word “solely” from subsection (1)(A).
• Cut the phrases “on a payment stablecoin balance” and “on an interest-bearing bank deposit” from (1)(B).
• Replace the “economically or functionally equivalent” test with a “substantially similar” standard, wherever it appears in Section 404.
• Delete subsection (3)(B)in its entirety.

The bankers say these would stop firms from engineering incentives that dodge the ban. They also argue that the rewards subsection works against the prohibition it sits beside.

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Banks Warn of Deposit Flight Risk

The groups said that they back responsible innovation and a well-regulated digital asset marketplace but want firmer guardrails. In the letter, the bankers expressed concerns regarding the current language in Section 404.

“In particular, we remain concerned that ambiguities within the bill could encourage stablecoin arrangements to effectively function as substitutes for deposits, despite Congress’s longstanding and clearly stated intent that payment stablecoins should serve as transaction tools rather than store-of-value products,” the association said.

The banking groups say the risk of deposit flight is concrete, not hypothetical. When local deposits shrink, so does the money banks recycle into their own towns.

Those deposits fund home loans, small-business credit, and financing for farmers. The letter frames that lending is the engine behind local growth.

Five US banking lobbies made similar arguments in an earlier letter this year. This round sharpens the specific statutory fixes.

The stablecoin yield is one of three key disputes stalling the bill. Lawmakers remain split over Section 604 developer protections and ethics rules.

President Trump has pushed senators to move quickly. At the same time, two groups, NOBLE and a federal law enforcement association, have backed the bill despite the open fights.

The Senate faces a narrow window before the August recess. Whether leaders can settle the stablecoin, developer, and ethics disputes in that window remains unclear.

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The post 78 Banking Groups Push Senate to Rewrite CLARITY Act Section 404 appeared first on BeInCrypto.

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