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Ripple targets $13T treasury market with RLUSD

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Ripple wins EU-wide access as ESMA adds it to MiCA register

Ripple has identified corporate treasury clients handling roughly $13 trillion annually as a potential distribution channel for its $2.4 billion RLUSD stablecoin.

Summary

  • $13 trillion represents annual transactions handled by Ripple Treasury customers, not projected RLUSD transaction volume.
  • RLUSD circulating supply reached $2.4 billion after growing more than 50% during one month.
  • Around $1.4 billion of RLUSD circulates on Ethereum, while $1 billion remains on XRPL currently.
  • Ripple plans a MiCA-compliant dual-issuance structure before offering its dollar stablecoin across European markets widely.
  • Payments, settlement and collateral currently provide Ripple’s main institutional use cases for its RLUSD stablecoin.

CoinDesk reported on Sept. 12 that Ripple stablecoin chief Jack McDonald expects the company’s treasury-management business to connect RLUSD with corporate payments, settlement and liquidity operations.

The $13 trillion figure describes annual transactions touching Ripple Treasury’s customer base. It is not an RLUSD volume forecast, revenue projection or commitment from those customers to use the stablecoin.

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Ripple Treasury gives RLUSD access to 1,200 companies

Ripple entered corporate treasury management through its $1 billion acquisition of GTreasury in October 2025. The business now operates as Ripple Treasury and serves approximately 1,200 corporate treasurers and chief financial officers.

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According to McDonald, companies using the platform move money domestically, across borders and between their subsidiaries. “That customer base hadn’t been onchain,” he said. “They touch roughly 13 trillion dollars worth of transactions on an annual basis.”

Ripple has not disclosed how much of that activity could move into RLUSD. The figure defines the existing transaction base served by the treasury platform, leaving any stablecoin conversion as a company target instead of confirmed future volume.

“So that opportunity set is just massive,” McDonald said. His assessment represents Ripple’s commercial view and does not show that Ripple Treasury clients have agreed to replace bank deposits, wire transfers or other payment methods.

The Ripple Treasury platform currently combines cash visibility, forecasting, payments, risk management and digital-asset functions. Its website says corporate users can view conventional cash and digital assets together and create Ripple-linked wallets inside the platform.

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Ripple says the system keeps traditional banking rails available while giving clients access to digital payment networks. Corporate users can therefore select a settlement method for each transaction instead of moving every treasury operation onchain.

RLUSD supply reaches $2.4 billion

Token Terminal data cited by CoinDesk placed RLUSD’s circulating supply at $2.4 billion, following growth of more than 50% over the preceding month. Approximately $1.4 billion circulated on Ethereum, with another $1 billion issued on the XRP Ledger.

Daily RLUSD activity climbed from roughly $200 million at the start of 2026 to approximately $750 million during August, according to figures McDonald provided. The reported increase covers transfers and other activity, which may include repeated movement of the same tokens.

“What’s more exciting to us is the utility and the daily activity,” McDonald said. Ripple has therefore placed more emphasis on transaction use than the stablecoin’s total circulating value.

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RLUSD remains smaller than Tether’s USDT and Circle’s USDC. CoinDesk reported that total stablecoin circulation had exceeded $300 billion, leaving Ripple’s token with a limited portion of the market despite its recent supply growth.

The stablecoin is issued under the supervision of the New York Department of Financial Services. Ripple describes RLUSD as fully backed by cash and cash-equivalent reserves, although the latest supply figures came from Token Terminal and were not presented as a figure audited by Ripple.

No verified price reaction in XRP could be directly attributed to McDonald’s comments. RLUSD is designed to track the U.S. dollar, so ordinary price movement around $1 does not measure adoption or investor demand in the same manner as an unpegged crypto asset.

RLUSD usage centers on payments and capital markets

Ripple has made RLUSD its primary stablecoin for payments, according to McDonald. The company expects financial institutions to use it when settling transfers that cross currencies, jurisdictions or internal corporate entities.

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Within capital markets, Ripple presents RLUSD as a cash asset for trade settlement and collateral. The token can support the cash side of tokenized-security transactions where participants need a dollar-denominated instrument on a blockchain.

Ripple has worked with DBS and Franklin Templeton on a structure involving tokenized money-market funds and lending. A September 2025 announcement described functionality allowing investors in tokenized funds to exchange their shares for RLUSD through smart contracts.

The company’s prime-brokerage business supplies another potential distribution route. Ripple purchased Hidden Road in a $1.25 billion transaction and later rebranded the operation as Ripple Prime. The original deal brought clearing, financing and multi-asset brokerage functions into Ripple’s product group.

RLUSD can serve as collateral within the prime-brokerage operation. Reuters reported when Ripple announced the acquisition that Hidden Road cleared approximately $3 trillion annually for more than 300 institutional clients.

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Clearpool proposed bringing institutional lending products to the XRP Ledger, including credit infrastructure connected to Ripple and RLUSD. The proposal remained subject to Clearpool governance approval and execution.

Stablecoin lending introduces separate risks from holding a stablecoin directly. As crypto.news reported, DeFi yield can expose stablecoin holders to borrower and protocol risk even when the underlying token maintains its dollar peg.

Ripple seeks a MiCA route into Europe

Ripple wants to introduce RLUSD in Europe through a dual-issuance structure designed to comply with the European Union’s Markets in Crypto-Assets framework. McDonald said the company must complete an approval process before making the product available under that model.

“We would first and foremost like to offer RLUSD into Europe,” he said. “That’s a bit of a process to have dual issuance approved.”

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In February, Luxembourg’s Commission de Surveillance du Secteur Financier granted Ripple a full Electronic Money Institution license. Thecompany announcement said the authorization could support regulated payment services across European Union member states.

An EMI license does not by itself confirm approval for the proposed dual-issued RLUSD structure. Ripple must complete the relevant stablecoin authorization work before representing the product as compliant and available throughout the bloc.

McDonald said demand continues to favor dollar-backed stablecoins over tokens denominated in euros or emerging-market currencies. He distinguished stablecoins from bank deposit tokens, which generally circulate inside a bank or consortium-controlled network.

“When you want to go outside of that walled garden, that’s where stablecoins come into play,” McDonald said. The comparison represents his assessment of the two product structures.

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Network launches still require final approvals

RLUSD began on Ethereum and the XRP Ledger, but Ripple is preparing deployments on Base, Ink, Optimism and Unichain. The company began testing those integrations through Wormhole’s Native Token Transfers standard in December 2025.

Ripple’s multichain announcement said the structure would let the issuer retain control over native issuance while supporting movement across participating networks. Each public deployment remained subject to testing and final NYDFS approval.

McDonald said Ripple does not intend to deploy RLUSD on every available blockchain. “We want to be where demand is,” he said. “We’re not chasing retail meme coin chains.”

Ripple has not published a completion date for its European dual-issuance process. The company’s next confirmed steps cover final regulatory clearance for the planned layer-2 launches and separate approval work required before RLUSD can enter Europe under MiCA.

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Ethereum users get another way to pay privately as zk.money returns after three years

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Aztec's zk.money hides payments once money is inside. (Shaurya Malwa/CoinDesk)

“Onchain transactions between two individuals shouldn’t mean publishing your financial history to the world,” Joe Andrews, CEO of Aztec Labs, said in a statement.

Andrews added that Aztec Labs chose DAI because it considers it “the most decentralized of the mass-market stablecoins used today on Ethereum.” He said the wallet could support other assets later.

Aztec's zk.money hides payments once money is inside. (Shaurya Malwa/CoinDesk)

Ethereum already has apps that hide payments, though transfers from an ordinary wallet remain public. Its developers are weighing changes for the planned 2027 Hegotá upgrade that could let privacy apps handle transaction approvals and fees with less help from outside services. Those proposals are still under consideration, while Aztec Labs is bringing back a wallet people can use on its own network.

Read More: Ethereum’s next big upgrade has 66 proposals, including a major privacy fix

What zk.money can and cannot hide

Moving money into the system still leaves a public trace, however. Aztec’s documentation says a deposit from Ethereum reveals the sender and amount, even though the recipient on Aztec can remain private.

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The relaunch comes with limits, however. Each deposit, payment and withdrawal must be below $2,500. All users share a $50,000 daily deposit allowance, which replenishes over time. The documentation describes those caps as a safeguard while the system is new and says raising them would require a new contract.



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Wall Street Embraces Crypto Infrastructure as Britain Wrestles With Regulatory Caution

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Author: Cryptoman

Cryptocurrency is edging further into the financial mainstream this year, even as the industry’s relationship with traditional banking and regulators remains fraught in key markets like the United Kingdom. From Morgan Stanley’s new laboratory for testing tokenized finance to a British parliamentary group’s pointed letter to bank chief executives, the story of crypto in late 2026 is one of institutions moving cautiously toward digital assets while grappling with unresolved questions about risk, access and regulatory readiness.

On Wall Street, the direction of travel is unmistakable. Morgan Stanley has launched a Digital Asset Lab dedicated to testing stablecoins, tokenized deposits, central bank digital currencies, money-market funds and decentralized finance vaults, according to reporting by Bloomberg. The lab, part of the bank’s existing network of innovation hubs, allows employees to experiment with blockchain-based applications without touching Morgan Stanley’s core systems — a sandbox approach that mirrors, in miniature, the kind of controlled testing environments regulators elsewhere are trying to build.

Megan Brewer, who leads market innovation and labs at the bank, told Bloomberg the team is exploring how software might execute investment strategies around the clock, a question that goes to the heart of what tokenization promises: markets and money that never sleep. The lab’s remit spans the technical distinction between a tokenized deposit, which represents a claim on money held at a bank, and a stablecoin, which is backed by a separate pool of assets — a distinction that has become increasingly important as regulators worldwide try to draw clear lines around different forms of digital money.

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This research effort builds on products Morgan Stanley has already brought to market. In April, the firm launched a Stablecoin Reserves Portfolio designed to help stablecoin issuers meet reserve requirements under the U.S. GENIUS Act, holding cash, short-dated Treasurys and repurchase agreements. Its E*TRADE platform completed a rollout letting eligible clients trade Bitcoin, Ether and Solana directly, while three separate exchange-traded products tracking those same assets have drawn tens of millions of dollars in inflows since launching earlier this year. Together, these moves suggest a major Wall Street institution treating crypto not as a speculative sideline but as infrastructure worth building out across trading, custody and reserve management.

The contrast with the United Kingdom is instructive. There, momentum is real but noticeably more contested. Lord Kulveer Ranger, co-chair of Parliament’s All-Party Parliamentary Group on Digital Markets and Digital Money, recently offered a candid assessment of where the Bank of England stands on stablecoins and the prospect of a digital pound. His verdict, after 18 months of engagement: the Bank is listening, but it is cautious — and caution alone, he argues, will not be enough to keep Britain competitive.

Ranger’s core complaint is about tempo. While the Bank of England takes its time absorbing feedback on systemic stablecoin rules, other jurisdictions are moving ahead with their own frameworks, some more permissive and some more experimental. Capital and confidence, he warns, do not wait for perfect policy alignment. He points to the Bank’s Digital Securities Sandbox — a testing ground for distributed ledger technology in capital markets — as a case in point: enthusiasm within the Bank has not translated into enthusiasm among firms, many of whom see sandbox participation as costly in time and resources with an unclear payoff. Without a credible bridge from experimentation to real-world deployment, he argues, elegant regulatory frameworks risk attracting interest without retaining commitment.

That tension between innovation and caution is playing out concretely in the banking sector itself. In August, the UK’s Crypto and Digital Assets APPG wrote directly to the chief executives of every major British bank, demanding explanations for why crypto and digital asset firms continue to struggle to open basic bank accounts. The letter, signed by co-chairs Gurinder Singh Josan and Lord Vaizey of Didcot, cited persistent reports of firms being shut out of banking services or having crypto-related payments restricted outright — even as the UK moves toward a comprehensive regulatory regime for the sector.

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The APPG’s language was blunt: banking access, the letter said, “could be one of the single biggest barriers to growth” for UK crypto businesses, with the potential to undermine the very regulatory regime the government is trying to build and to influence whether firms choose to invest in Britain at all. Notably, the group acknowledged that banks have legitimate obligations to guard against financial crime, but argued that decisions should be based on individual firms’ risk profiles rather than blanket sector-wide exclusion. That view echoes an assurance given in Parliament back in March by Economic Secretary to the Treasury Lucy Rigby, who told MPs that firms authorized by the Financial Conduct Authority should not face banking restrictions simply for operating in crypto.

The letter is now feeding into a formal Parliamentary Inquiry into banking access for the sector, which gathered written evidence from banks, crypto businesses and regulators through the end of August before a report and recommendations to government.

Taken together, these developments capture an industry at an awkward but consequential midpoint. In the United States, a heavyweight institution like Morgan Stanley is quietly normalizing crypto exposure across trading platforms, exchange-traded products and now dedicated research infrastructure, treating stablecoins and tokenization as inevitable features of modern finance rather than fringe experiments. In Britain, meanwhile, the debate remains more elemental: not just how sophisticated the regulatory framework should be, but whether crypto businesses can even get a bank account in the first place.

Both stories point to the same underlying reality. Cryptocurrency’s next phase of growth will be determined less by technological breakthroughs than by the willingness of banks, regulators and central banks to treat digital assets as a normal, if carefully managed, part of the financial system. Wall Street appears to be answering that question with capital and infrastructure. Westminster and Threadneedle Street, for now, are still working out the terms.

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Iran War Polymarket Odds: $33.5M Placed on a 2027 Blockade End

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Iran War Polymarket odds for an end to the Hormuz blockade put a 74.5% chance on a qualifying U.S. announcement by March 31, 2027

Iran War Polymarket odds price a US announcement ending the naval blockade of Iran no earlier than March 31, 2027, with the contract trading at 74.5% Yes to 25.5% No as of mid-morning on Tuesday, 29 September, according to live pricing on the platform.

The event has logged over $33M in cumulative volume since launch, and the highest-priced outcome sitting nine months out raises an obvious question: if US-Iran talks are genuinely progressing, why is the smart money betting on delay rather than a near-term resolution?

Iran War Polymarket odds for an end to the Hormuz blockade put a 74.5% chance on a qualifying U.S. announcement by March 31, 2027
SOURCE: Polymarket

Got a Gut Feeling? It Could Pay Out Big on Polymarket

Iran War Polymarket Odds: What is the Diplomatic Backdrop Traders Are Watching?

Pricing is influenced by ongoing negotiations, as Reuters reported on September 24. U.S. and Iranian negotiators are considering a phased deal where Tehran would reopen the Strait of Hormuz in exchange for lifting the U.S. economic blockade. Both sides are hesitant to yield leverage; the U.S. maintains economic pressure, while Iran controls a key shipping artery for global oil.

However, current conditions do not trigger resolution under market rules. Polymarket specifies that only official announcements from the U.S. government can count for contract resolution, excluding speculation or conditional statements.

This discrepancy between market sentiment and strict legal requirements is causing outcome expectations to shift later in the timeline. Observers can also see how the Iran-U.S. ceasefire proposal is affecting Bitcoin price expectations, reflecting broader risk sentiment.

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What the Full Ladder of Contracts Actually Shows

Polymarket’s blockade market features multiple deadline contracts that gauge the odds of a qualifying announcement on specific dates. These contracts can’t be combined into a single event probability, as each one represents a distinct bet.

Together, they suggest traders expect the diplomatic process to extend beyond the current news cycle. Once a qualifying announcement is made, it resolves as “Yes,” even if the blockade later continues or if a partial concession is made; such concessions do not qualify.

This distinction is important, as past U.S.-Iran ceasefire agreements have quickly unraveled, reflecting a tendency for narrower resolutions, similar to market bets on the Bab-el-Mandeb Strait, which require specific triggers for resolution.

Got a Gut Feeling? It Could Pay Out Big on Polymarket

Total volume across the event stands at $33,486,973, with liquidity of $519,322 as of the last update at 09:07:57 UTC Tuesday. The March 31, 2027 contract – the current price leader – carries relatively thin volume of just $24,290, meaning its 74.5% Yes print reflects a smaller pool of capital than the headline number suggests.

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The heaviest trading has run through nearer-dated contracts already priced for near-certain No outcomes: the September 30 deadline alone has drawn $5,238,179 in volume against a mere 3.3% Yes price, and October 31 has seen $2,604,557 change hands at 24.5% Yes.

December 31 sits between the two extremes at $2,596,836 in volume and 57.9%. Yes. That distribution suggests most capital has already been deployed betting against a quick resolution, leaving the March contract as a comparatively low-conviction, low-liquidity outlier at the top of the ladder, a dynamic worth weighing against how Polymarket’s NATO-related contracts have similarly shown thin markets producing headline-grabbing but fragile probability prints.

The post Iran War Polymarket Odds: $33.5M Placed on a 2027 Blockade End appeared first on Cryptonews.

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Ari Paul says Coinbase lost his $25M, covered up $1B in hacks

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Ari Paul says Coinbase lost his $25M, covered up $1B in hacks

BlockTower Capital founder Ari Paul has accused Coinbase of losing $25 million of his company’s funds while covering up over $1 billion worth of “massive and repeated hacks.”

Paul claims that at least a dozen firms are affected by the alleged cover-up, and that Coinbase “still wouldn’t return our money.”

He also claims that these major allegations are all he can say at the moment as there are “multiple legal processes still ongoing.”

Read more: Coinbase and Brian Armstrong are threatening to leave California… again

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BlockTower Capital is a crypto and traditional asset investment firm founded in 2017 by Paul and Goldman Sachs executive, Matthew Goetz.

Two executives left the company in 2022 and 2023 for mysterious reasons, while the company also shuttered its $100 million Market-Neutral Fund in 2023.

Coinbase claims it isn’t covering up hacks

When asked for comment, Coinbase directed Protos to a support post that claimed the exchange “is not hiding a series of hacks and we certainly didn’t lose $1 bilion.”

It said that it advises customers on security practices like maintaining their API keys, and that like most other firms that offer access via API keys, “we do not retain the information necessary to transact on customer accounts.”

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Coinbase refused to comment on specific clients.

Coinbase allegations made against Cobie

Paul was responding to a series of posts shared by Cobie, a prominent crypto investor who became a glorified customer support representative for Coinbase.

Cobie was pointing out to X user “Kuno” that they’d been ignoring the crypto exchange’s attempts to reach out to them. 

Kuno, on the other hand, claimed they repeatedly approached Coinbase over $1.2 million it had allegedly stolen. 

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Cobie noted that Kuno was promoting a “shitcoin” and that the whole affair looks like “an entirely fake/scam report/engagement farm.”

Cobie hasn’t responded to Paul’s allegations at the time of writing.

Coinbase sued over $55M draining hack

Coinbase was sued back in May for allegedly withholding a portion of $55 million in crypto that was stolen in a draining hack in August 2024. 

The victim claims he lost his crypto after clicking on a malicious link that spoofed Ethereum DeFi management tool “DefiSaver.”

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Read more: Coinbase CEO admits content coins were a mistake

From here, he unknowingly authorized a smart contract permission that supposedly gave the thieves control of his crypto wallets.

Got a tip? Send us an email securely via Protos Leaks. For more informed news and investigations, follow us on X, Bluesky, and Google News, or subscribe to our YouTube channel.




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Chainlink surges 6% after CCIP 2.0 launch, but $15 resistance tests LINK rally – CoinJournal

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Chainlink surges 6% after CCIP 2.0 launch, but $15 resistance tests LINK rally - CoinJournal

Key takeaways

  • LINK rose about 6% while much of the crypto market retreated, extending its reported 30-day gain to 30.3%.
  • Chainlink’s CCIP 2.0 launch gives institutions the option to add their own cross-chain transaction verifiers.
  • LINK met resistance near $15, while the supplied chart analysis identifies $12-$13 as a potential support zone.

Chainlink’s LINK token outperformed a weaker crypto market following the launch of Cross-Chain Interoperability Protocol (CCIP) 2.0. 

The token gained about 6% in the session described in the supplied analysis, taking its 30-day advance to 30.3% and its year-to-date return into positive territory.

The upgrade gives financial institutions more control over transactions that move data or assets between blockchains. 

Traders appeared to welcome the announcement, though LINK’s approach to $15 brought a technical test after its recent rally.

CCIP 2.0 adds institution-operated verifiers

Cross-chain transfers require a way to confirm that an action occurred on one blockchain before a corresponding action is completed on another. CCIP provides that communication layer. 

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With version 2.0, institutions and asset issuers can add Cross-Chain Verifiers to apply their own checks alongside Chainlink’s default verification network. Chainlink says starter kits will let users run those verifiers on infrastructure including Amazon Web Services and Google Cloud.

The added checks could matter to firms with internal security or compliance requirements. An issuer, for example, may want a transfer to proceed only after its own verifier has approved it. 

CCIP 2.0 also offers configurable compliance controls, fees, and execution options, allowing users to choose how a transaction is checked and completed. These features are optional; Chainlink says its existing verification network remains the default.

Speed is another part of the upgrade. CCIP 2.0 supports faster-than-finality transfers where a user’s chosen risk settings permit them. 

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Chainlink also says it is working to support Ethereum’s Fast Confirmation Rule when that feature launches. Its future integration should not be treated as a speed improvement already available for every Ethereum transfer.

The supplied market analysis reported an 89% jump in LINK trading volume following the CCIP 2.0 announcement. 

Higher volume shows that more tokens changed hands during the move, but it does not, by itself, show whether buyers will remain in control.

The same analysis cited a recovery in Chainlink’s total value secured from about $43 billion in June to $57 billion in August. That metric describes value associated with assets using Chainlink services; it is distinct from revenue earned by Chainlink or the market value of the LINK token.

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The product announcement gives traders a reason to reassess Chainlink’s role in institutional blockchain infrastructure. Even so, a network upgrade does not automatically create immediate demand for LINK. Adoption, usage, and the broader market’s direction will matter to whether the price move lasts.

Can LINK break above $15?

LINK’s advance encountered selling pressure near $15, a level the supplied daily-chart analysis identifies as immediate resistance. 

It also noted a bearish divergence in the relative strength index: price strengthened while the momentum reading weakened. Such a signal can precede a pause or pullback, although it does not establish that one must occur.

If LINK retreats, the analysis places a possible support zone at 12–13. Holding that area could leave the broader recovery intact, while a decisive break below it would weaken the bullish setup.

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LINK/USD Daily Chart

A sustained move above $15 would shift attention toward higher levels, including the article’s $20 upside scenario. From $12, a rise to $20 would be roughly 67%, but that percentage describes a hypothetical entry and exit, not an expected return. 

For now, the clearest test is whether LINK can absorb selling around $15 while maintaining support if the wider crypto market remains under pressure.



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Bitcoin beats gold, surge to $100,000 in play: Crypto Daily

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Bitcoin beats gold, surge to $100,000 in play: Crypto Daily

BTC’s move above $80,000 has triggered a “double-bottom breakout,” a technical analysis pattern confirming a bullish trend and opening the door for a rally to $100,000, according to Jurrien Timmer, director of global macro at Fidelity Investments.

“Bitcoin is looking particularly interesting here as it challenges key resistance at $80k. If it breaks it will confirm a double bottom targeting $100K,” Timmer wrote on X on Friday.

A double bottom looks like the letter W on a price chart. The price drops to a low, bounces, falls back to roughly the same level, then rises again. The two dips show buyers stepping in at the same price twice. The peak in the middle of the W acts as resistance. A break above it suggests sellers have run out of steam and a new uptrend may be starting.

Timmer’s chart shows bitcoin’s two lows this year at $60,033 and $57,742, with the middle peak near $82,800.

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Chart patterns are not guarantees. Breakouts often fail, reversing quickly and trapping buyers who chased the move.

Still, the bullish setup is consistent with options traders positioning for more gains. The $90,000 call is the most popular bitcoin options bet on crypto exchange Deribit, with $2.45 billion in open interest. The $95,000 call follows with $2.33 billion, and the $100,000 call holds $1.79 billion. A call gives the buyer the right to buy at a set price and profits when the market rises above it.



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XRP Price in Danger: Positive Funding Masks a Fragile Setup

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XRP price trades near $1.49 as positive funding meets futures selling, with $1.37 support and $1.57 resistance shaping the next move.

XRP price hovers under $1.49 after three consecutive daily declines left the token losing the $1.50 support, even as a modest bounce pulled it off session lows. CoinGlass data showed the long-to-short ratio at 0.975, meaning short positions marginally outnumbered longs, while the funding rate sat at a positive 0.008%, the reading that determines whether long or short traders pay a periodic fee to hold perpetual futures.

XRP price trades near $1.49 as positive funding meets futures selling, with $1.37 support and $1.57 resistance shaping the next move.

XRP Long Short Ratio, Coinglass

That combination is the crux of the problem. Traders are still paying to stay long, yet the spot price has not moved in a way that rewards the bet, and the disconnect between heavy spot selling and futures demand is the setup that tends to unwind fast once a key level gives way.

A 0.975 long-to-short ratio is not a bearish signal in any decisive sense. It sits close enough to 1.0 that it reads as near-balanced positioning rather than a market leaning hard in either direction.

XRP price trades near $1.49 as positive funding meets futures selling, with $1.37 support and $1.57 resistance shaping the next move.

XRP Funding Rate, Coinglass

Funding tells a more interesting story on its own. A positive rate means demand for long exposure in crypto derivatives is real enough that longs are compensating shorts to hold the position, which typically signals conviction that price moves higher.

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However, it cuts both ways: if price falls further, those same leveraged longs become forced sellers, and a positive funding regime built on thin spot demand can flip into a liquidation cascade faster than one built on genuine accumulation.

CryptoQuant’s summary data flagged overheating conditions across both XRP’s spot and futures markets, alongside sell-side dominance in futures, meaning sellers have retained the upper hand in derivatives even as funding stays positive. That is the missing piece: positive funding shows traders are willing to hold bullish exposure, but it has not yet translated into enough buying pressure to absorb the futures selling and push through resistance. Earn $50 and Enter $300K Prize Draw on EdgeX

XRP Price and the $1.37 Support

The daily chart still leans bullish on a longer timeframe. XRP held above its 50-day price exponential moving average near $1.365 and its 200-day EMA near $1.369 through the three-day slide, with the 100-day EMA sitting lower at $1.307 as a secondary reference.

Momentum has cooled rather than reversed. The RSI sat near 55, close to neutral, and the MACD flattened around zero, a pattern consistent with consolidation after an earlier advance rather than an active breakdown.

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The level that matters most sits at $1.37, where the 50-day and 200-day EMAs converge into a single support band. A clean break below that zone opens the $1.30 area, and a deeper slide would eventually put the $1.00 psychological level in play, though XRP would need to fall substantially before that becomes the immediate focus. On the upside, reclaiming the $1.574 resistance level is the trigger that would strengthen the case for a move toward $1.90.Trade XRP on Bybit and Get a Chance to Win Our $1,000 USDT Airdrop

What Happens Next for XRP?

Two scenarios frame the near-term path. If XRP holds the $1.37 zone, the market stays in a consolidation phase where positive funding continues to reflect trader appetite for long exposure, but that alone won’t confirm a breakout without a corresponding rise in open interest and spot volume.

Xrp (XRP)
24h7d30d1yAll time

If XRP price instead reclaims $1.574, the technical case for a run toward $1.90 gets meaningfully stronger, and that move would likely force shorts to cover into strength. The alternative is a sustained break below $1.37, which shifts focus to $1.30 as the next line of defense, with $1.00 as the deeper level only if that support also fails.

Either way, the current setup leaves no room for complacency on either side of the trade. Near-balanced positioning combined with positive funding and futures sell-side dominance is a fragile mix, and the next move in spot price will do more to settle the argument than another shift in the long-short ratio.

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The post XRP Price in Danger: Positive Funding Masks a Fragile Setup appeared first on Cryptonews.


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Bitcoin recovers to $84,000 while stocks fall on bond market pressure

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Bitcoin recovers to $84,000 while stocks fall on bond market pressure

Bitcoin recovered Monday’s losses to trade at $84,170 on Tuesday, up 0.82% since midnight UTC and 1.4% over 24 hours, with 72 of the 100 CoinDesk 100 constituents higher and the index adding 0.89% to 1,904.49.

The bid is arriving despite conditions that have been suppressing risk assets for a week, the 10-year Treasury yield sitting at 5.234% after ending Monday above 5.2%, near levels last seen in 2007, and the 30-year at 5.549% having topped 5.56% on Monday, around a 2004 high.

U.S. stocks fell for a second session on Monday, the Dow dropping more than 300 points and the S&P 500 and Nasdaq Composite shedding 0.8% and 0.9%, with futures mixed on Tuesday morning.

Decentralized finance (DeFi) is driving the move for the second time in a week, with the DeFi Select Index (DFX) gaining 5.0% since midnight, led by lending protocol token aave at 11% and curve dao token at 5.2%. The CoinDesk 80 rose 2.0% against the CoinDesk 5’s 1.3%, though the ranking inverts over 24 hours, where the CD5’s 1.7% beats the CD80’s 0.44%.

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The year’s second-largest XRP hack is spilling over to Bitcoin and Ethereum

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The year's second-largest XRP hack is spilling over to Bitcoin and Ethereum

The D’CENT wallet hack, the year’s second-largest drain of XRP behind the Bitget crypto exchange hack, has spilled beyond the XRP Ledger onto additional blockchains like Bitcoin, Ethereum, and Stellar. 

Hackers have drained more than 12.4 million XRP from more than 7,000 D’CENT wallets, still some way behind Bitget’s loss of 102.9 million XRP.

Although the wallet was popular among the XRP community, D’CENT users who owned assets of other blockchains have also lost their funds.

D’CENT’s own disclosure named Bitcoin, Tron, and Ethereum, for example. Even a Stellar user has lost XLM in the incident.

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Hackers are able to sweep funds across blockchains with one compromised recovery phrase for the multi-blockchain wallet.

IoTrust, the maker of D’CENT, confirmed at least 110 abnormal transfer reports, including non-XRP assets, per ZDNet Korea.

XRP holders lose $18 million in D’CENT hack

Drains of XRP are the most well-documented, due to the prominence of D’CENT among XRP holders.

At least six waves of theft occurred between September 15 and 20, emptying 6,678 wallets of 11.7 million XRP.

The thief stole from large wallets first, by hand, and soon wrote scripts to take funds from progressively smaller wallets.

Warnings from D’CENT and other members of the XRP community couldn’t stop the drainage. Thieves took 640,370 additional XRP after September 21, bringing the tally to above 12.4 million.

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By Friday, 6.3 million of those stolen XRP had crossed to Ethereum’s blockchain through the swap service THORChain.

As the theft spilled over to other blockchains, researchers admitted the scope of the losses, saying, “Most of it is no longer XRP.”

Read more: David Schwartz warns of hard fork because XRP nodes won’t upgrade

In August, D’CENT was still touting its hardware wallets’ secure element, boasting that it was impervious to vulnerabilities linked to the Coldcard hack.

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D’CENT now warns users that wallets they created using its app are vulnerable, urging them to create a fresh recovery phrase and immediately migrate everything, including tokens, NFTs, and any staked assets.

Got a tip? Send us an email securely via Protos Leaks. For more informed news and investigations, follow us on X, Bluesky, and Google News, or subscribe to our YouTube channel.




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Analysts see 10-year Treasury yield hitting 6%. Bitcoin bulls shouldn’t panic

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Analysts see 10-year Treasury yield hitting 6%. Bitcoin bulls shouldn't panic

Market action since 2022 backs Thielen’s take. The 10-year yield more than doubled to 3.88% that year as the Fed raised interest rates rapidly, including several 50- and 75-basis-point hikes to fight inflation.

Bitcoin fell 64% that year. Fed tightening and rising yields added to the pain from crypto scams and blowups.

The picture has been different since. From the end of 2023, the 10-year yield has risen 135 basis points to 5.23%, the highest since 2007. Over the same stretch, bitcoin has roughly doubled to $86,000, even after pulling back from its October record above $126,000.

Thielen and others attribute much of the recent rise in yields to fiscal fears and a higher term premium. In plain English, investors want to be paid more to lock up their money in long-term bonds, given the uncertainty over inflation and government borrowing.

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Chicago-based Strategic Analytics made a similar point about gold, noting that it has tracked fiscal risk more closely than the Fed’s policy path since 2022.

“Since 2022, gold has increasingly tracked fiscal-risk perceptions – term premium, deficits, debt sustainability – rather than the Fed’s policy path. Gold is not defying real yields. It is pricing fiscal sustainability and currency debasement, which has become the marginal driver,” it said recently in a LinkedIn post.



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