Crypto World
Why Is XRP Special and Unique? Garlinghouse Reveals Ripple’s Biggest Advantages
Ripple’s native cross-border token is among the most popular assets within the cryptocurrency community, and the CEO of the company behind it recently published a video explaining what makes it unique.
Some of those features include rapid transaction speeds and low costs.
Why Is XRP Unique?
Garlinghouse’s video began with a short history lesson going back to the early XRP Ledger days from a decade ago. Contributors at the time included key developers who worked on the core of Bitcoin, where they saw an opportunity to “build something specialized and specific and unique to really solve a payments problem.”
This is where the cross-border token shines, according to Garlinghouse. At first, he began by outlining the settling speeds where transactions are completed in 3 to 5 seconds. Second: “it’s cost. Extremely low costs, fractions of a penny per transaction.” Third: XRP’s scalability, with over 4 billion transactions completed since its inception. Last but not least, the CEO highlighted the “incredible community” around the token, which the company calls “the XRP family.”
“But you put those things together, and you can include the longevity of this blockchain, you have something special and unique that is poised for great success in the years ahead.”
XRP Price Update
While on the topic of XRP, let’s quickly explore its most recent price moves. The token tried to break out on Sunday when it outperformed the rest of the larger-cap alts, but it was almost instantly halted at $1.52 and driven back down toward $1.45. It has since slipped below that level as most of the crypto market has retreated.
What’s particularly worrying is that it lost the fourth spot in terms of market cap to BNB, and the gap between the two stands at $1.5 billion as of press time.
Popular analyst MikybullCrypto noted that XRP has been forming a “possible breakout of the 9-month trendline resistance,” which could be supported by an ongoing significant accumulation at this triangle formation. CRYPTOWZRD said XRP had closed indecisively once again as it needs to hold above the $1.445 resistance to initiate a more profound run. As of now, though, the asset remains below that important level.
The post Why Is XRP Special and Unique? Garlinghouse Reveals Ripple’s Biggest Advantages appeared first on CryptoPotato.
Stephen Miran, governor of the US Federal Reserve, during a television interview on the floor of the New York Stock Exchange (NYSE) in New York, US, on Monday, Nov. 10, 2025.
Michael Nagle | Bloomberg | Getty Images
Federal Reserve Governor Stephen Miran officially handed in his resignation letter Thursday, saying he will vacate his spot on the central bank board when or just before new Chair Kevin Warsh takes his seat.
Stepping in to fill what was left of an unexpired term last September, Miran served as a contrarian voice on the rate-setting Federal Open Market Committee. He voted “no” in each of the six meetings he has attended since taking over for Adriana Kugler, who abruptly resigned in August 2025.
In his letter, Miran said his brief stint was “the highest honor of my life” and expressed confidence in Warsh, who gained Senate confirmation to the top seat Wednesday. Miran came to the Fed after serving as chair of the Council of Economic Advisers.
“Going forward, I am excited about changes Chairman-designate Kevin Warsh and the Federal Reserve may make in areas such as communications policy, balance sheet policy, and keeping the Federal Reserve to its narrow mandate and out of hot-button political and cultural issues,” he wrote.
Miran has advocated for lower rates, voting against the three quarter-percentage-point reductions the FOMC approved in 2025. This year, he voted against the three decisions to hold rates steady in favor of quarter-point cuts.
In addition, he said he has pushed for a more forward-looking approach to monetary policy and believes the Fed “needs to do a better job accounting for nonmonetary forces and their implications for monetary policy.”
He also expressed support for a series of moves the Fed has enacted lowering regulatory barriers for banks, and led research showing how the central bank should shrink the size of its balance sheet and its $6.7 trillion in asset holdings.
Fasset, a stablecoin neobank serving 125 countries, has raised $51 million backed by Japan’s SBI Group and Investcorp.
Summary
- The Series B round also included Turkish asset manager Arz Portföy and will fund new market entry, lending products, and Own Network infrastructure.
- Fasset processes over $32 billion in annualized volume across more than 50 payment corridors in Asia, Africa, and the Middle East.
- The raise reflects growing institutional appetite for blockchain-native banking platforms targeting underserved emerging markets.
Fasset, a Los Angeles-based digital banking platform, uses stablecoin rails to move money across borders for small and medium-sized businesses, bypassing correspondent banking networks.
The company announced the Series B on May 14, disclosing SBI Group, Investcorp, and Turkish asset manager Arz Portföy as investors. The firm serves over 1,000 business customers across 125 countries, operating primarily in South Asia, Southeast Asia, Africa, and the Middle East.
“We are building Fasset for a world where money moves as easily across borders as information does,” said Mohammad Raafi Hossain, CEO and co-founder of Fasset. “This funding round strengthens our ability to build regulated banking services and expand into new markets where our services are needed most.”
How Fasset fits the stablecoin payments surge
The raise arrives as institutional interest in stablecoin payment infrastructure reaches a new high. Analysts at Coinbase noted that stablecoins are taking a larger role in delivery-versus-payment structures as regulatory frameworks mature globally in 2026. The global fiat-backed stablecoin supply exceeded $273 billion by March 2026, growing roughly 40 times from $6.8 billion in early 2020.
Observers have cautioned that neobanks built on stablecoin rails face margin compression as near-zero transfer costs make fee-based revenues difficult to sustain at scale. Fasset’s move into lending and trade finance is consistent with the broader neobank pattern of expanding into higher-margin products after establishing a payments base.
Dragonfly Capital’s Haseeb Qureshi predicted that stablecoins would specifically reshape SMB payments by making cross-border settlement faster and cheaper than traditional correspondent banking. Fasset operates a Shariah-compliant model, aligning it with the needs of key markets in the Gulf, Pakistan, and Indonesia.
Crypto World
CME dives further into $85 trillion digital assets market with Nasdaq CME Crypto Index futures
A CME group executive said the demand grew with average daily trading volume in his firms’ suite increasing by 43% year-to date.
The CLARITY Act passed a key Senate Banking Committee vote today, moving the US crypto market structure bill closer to a full Senate vote.
The bill has not become law. It must still pass the full Senate, align with the House version, and receive the president’s signature.
The committee advanced the revised Senate text of the Digital Asset Market Clarity Act of 2025. The bill aims to define how digital assets are regulated in the US, including which tokens fall under the SEC and which markets fall under the CFTC.
What Has Changed in the Latest CLARITY Act Bill?
The latest version expanded from the January draft. It added new language on stablecoin rewards, insider trading, bankruptcy protections, and implementation timing.
One of the biggest changes is the Tillis-Alsobrooks compromise on stablecoin rewards. It restricts passive, deposit-like yield on payment stablecoins while leaving room for certain transaction-based rewards under tighter oversight.
The bill also adds insider trading provisions for digital assets. It includes an insolvency safe harbor that lets counterparties close out digital commodity positions and access collateral during bankruptcy, similar to existing derivatives protections.
The updated text also sets a general 360-day effective date after enactment. Some sections would take effect later if agencies need to finish rulemaking first.
Crypto Market Reacts to CLARITY
Next, the bill goes to the full Senate. No official date has been set, but the likely window is June. The bill may need 60 votes, so Republicans will need more Democratic support than they received in committee.
Markets reacted positively after the vote. Bitcoin and Ethereum both moved higher, while several regulatory-sensitive tokens gained more sharply.
Hyperliquid rose around 11%, likely because traders see it as a high-beta bet on clearer rules for crypto trading and derivatives infrastructure.
XDC and Canton gained nearly 10%, reflecting the market’s renewed interest in institutional blockchain rails, trade finance, tokenization, and regulated on-chain finance.
The vote gives the bill momentum. The harder fight now moves to the Senate floor, where ethics rules, DeFi treatment, AML controls, and stablecoin rewards could still shape the final text.
The post CLARITY Act Clears Senate Banking: What Comes Next? appeared first on BeInCrypto.
After a bipartisan approval in the Senate Banking Committee, the crypto market structure bill now advances to a final overhaul aimed at Senate and House passage.
The AI infrastructure company began trading Thursday as investors continue pouring capital into artificial intelligence stocks.
The upbeat public debut of AI chipmaker Cerebras is also helping to lift both crypto and traditional markets.
Bitcoin (BTC) touched $80,000 around Thursday’s Wall Street open as US stocks hit fresh all-time highs and oil retested $100.
Key points:
- Bitcoin rebounded to $80,000 while US stock markets hit new records, ignoring high inflation.
- Risk appetite is “skyrocketing,” analysis says, despite worries over central-bank policy tightening.
- Bitcoin can still head to $85,000 next, traders agree.
Bitcoin recoups losses as US stocks ignore inflation
Data from TradingView showed BTC/USD recovering much of the previous day’s losses, which followed some of the highest US inflation data in four years.
BTC/USD one-hour chart. Source: Cointelegraph/TradingView
US stocks quickly shook off the numbers, despite the implications for future financial policy tightening.
The S&P 500 posted its highest daily close on record, and continued to surge on Thursday. The Dow Jones Industrial Average revisited 50,000 points for the first time since early February.
S&P 500 versus Dow Jones one-day chart. Source: Cointelegraph/TradingView
Commenting, trading resource The Kobeissi Letter reported “skyrocketing” risk appetite among investors.
“Assets under management (AUM) in US leveraged ETFs are up to a record $177 billion. Since the March bottom, total leveraged ETF AUM has surged +$45 billion,” it wrote in its latest analysis on X.
Leveraged ETF AUM data. Source: The Kobeissi Letter/X
Kobeissi used the same term to describe global money-supply growth — a crypto and risk-asset tailwind at odds with concerns that central banks were adopting a “hawkish stance.”
“Meanwhile, US M2 money supply jumped +$1 trillion YoY, or +4.6%, to a record $22.7 trillion,” it continued.
“Money supply growth is accelerating.”
Global money supply data. Source: The Kobeissi Letter/X
As the US-Iran war rumbled on, oil prices seemed unable to crack new highs, with WTI crude retesting the $100 per barrel mark from above.
CFDs on WTI crude oil one-day chart. Source: Cointelegraph/TradingView
“Most important” BTC price support still in play
Looking at BTC price action, trader Daan Crypto Trades saw the market at a “pivotal level.”
Related: Bitcoin price history suggests 77% odds of new all-time high within a year
An accompanying chart showed the 200-period simple (SMA) and exponential (EMA) moving averages trending higher toward the spot price.
BTC/USDT perpetual contract four-hour chart. Source: Daan Crypto Trades/X
On the same topic, fellow trader CrypNuevo saw the potential for BTC/USD to head to new multi-month highs at the 50-week EMA should that support hold.
“Bitcoin is at the most important level,” he agreed on Wednesday.
“If it holds the range highs here, then it’ll push towards the 1W50EMA at $84k-$85k. But a failure to hold this level could trigger a rotation back to the mid-range, potentially exposing range lows if momentum doesn’t shift.”
BTC/USDT one-day chart. Source: CrypNuevo/X
ICP is the worst-performing cryptocurrency today (at least among the top 100), posting a 10% price decline.
However, certain technical indicators suggest this might be only a short-lived pullback, while multiple analysts support the bullish scenario.
ICP Heads South
Just a few hours ago, the asset’s valuation plunged to a one-week low under $3, while its market capitalization sank to approximately $1.6 billion.
It is important to note that ICP’s negative performance aligns with an overall correction sweeping through the broader crypto market. Bitcoin (BTC) slipped beneath $80,000, while popular altcoins like Worldcoin (WLD), Cronos (CRO), Arbitrum (ARB), and Aptos (APT) tumbled by 7-8% over the past day.
In the meantime, Coinbase could have also played a role in Internet Computer’s downfall. Recently, it removed six non-USD trading pairs, including ICP/USDT and ICP/GBP.
Such actions by one of the biggest cryptocurrency exchanges reduce liquidity for the affected tokens and make it harder for traders to enter or exit positions. Fewer trading options often mean lower volume and weaker investor confidence, especially amid a crypto pullback.
At the same time, one should keep in mind that if Coinbase had removed all ICP-related services, the impact would likely have been far more severe and could have triggered a much sharper price collapse.
The asset remains available on numerous well-known exchanges, including Binance, Bybit, Bitget, OKX, and more. Two months ago, the leading South Korean trading venue Upbit also hopped on the bandwagon, fueling a 16% price increase for ICP following the news.
Resurgence Comes Next?
ICP’s Relative Strength Index (RSI) signals that the price pullback may soon be replaced by a revival. The technical analysis tool runs from 0 to 100, and readings below 30 indicate that the valuation has dropped too much, too quickly, potentially setting the stage for an upside move. Conversely, anything under 70 is considered a warning of impending correction. Currently, the RSI stands at around 28.
Analysts like Kong Trading and JAVON MARKS expressed confidence in the coin’s outlook. The former noted that almost half of ICP’s supply is locked in staking, with people committing for years.
“That’s not weak conviction. Hard to ignore when supply keeps tightening like this,” they added.
For their part, JAVON MARKS recently argued that ICP has displayed a Falling Wedge pattern and shows signs of strength. They believe a potential breakout could spark a 300% move above $10 and “may act as the start of an even larger reversal.”
The post Internet Computer (ICP) Tumbles 10% Daily: Is Coinbase Responsible for the Plunge? appeared first on CryptoPotato.
TLDR
- Strive will convert its SATA preferred stock into a daily dividend security starting June 16.
- The company will maintain a 13% annual dividend rate with an effective yield of about 13.88% through daily compounding.
- SATA will become the first U.S.-listed preferred stock to distribute cash dividends every business day.
- Strive has eliminated all outstanding debt after repurchasing its long-term notes.
- The firm expanded its bitcoin treasury to 15,009 BTC through acquisitions and market purchases.
Strive Asset Management will convert its SATA preferred stock into a daily dividend security on June 16. The structure will distribute cash every business day while keeping a 13% annual rate. The company said the compounding effect lifts the effective annual yield to about 13.88%.
Strive Introduces Daily Bitcoin-Linked Income Structure
Strive will replace the standard monthly payout model with daily cash distributions. The company will keep the stated 13% annual dividend rate. However, daily compounding across about 250 trading days increases the effective yield to roughly 13.88%. Chief executive officer Matthew Cole said the design aims to reshape income products. He stated, “We designed SATA as a structural innovation for income-focused investors.” He added that the company seeks to position SATA against money market funds and short-duration vehicles.
The company said investors will receive small payments each trading day. As a result, holders can reinvest cash more frequently and improve liquidity management. Strive structured the preferred stock to function as an equity instrument with fixed income features. The company confirmed that SATA can trade above par value in the market. Therefore, Strive can issue more shares and raise capital tied to bitcoin accumulation.
Capital Structure and Bitcoin Treasury Expansion
Strive reported that it eliminated all outstanding debt after repurchasing long-term notes. The company now operates without leverage, margin requirements, or encumbered bitcoin holdings. Executives said the clean balance sheet supports the income strategy linked to digital assets. Strive expanded its bitcoin treasury to 15,009 BTC through acquisitions and open market purchases. The company also issued equity through an at-the-market program to support purchases.
The firm reported a net loss of $265.9 million in the first quarter. It attributed most of the loss to mark-to-market declines in bitcoin holdings. The company said the accounting treatment reflected price changes rather than realized losses. Strive shares have gained about 10% this year and over 30% in the last month. The stock trailed Strategy during that period but outperformed Bitcoin.
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