Crypto World
XRP Price Prediction Shifts After Ripple Partners With Korea’s $92 Billion Kyobo Life for Bond Tokenization
The xrp price prediction picked up a new catalyst this week after Ripple announced a partnership with Kyobo Life Insurance to pilot Korea’s first tokenized government bond settlement using Ripple Custody, cutting a two-day cycle to near real-time, according to 24/7 Wall St.
The xrp price prediction depends on whether deals like Kyobo translate into real volume, and that process takes quarters even with a $92 billion partner. Capital that refuses to wait keeps moving into Pepeto, where the Pepe creator leads a presale with working exchange tools and a confirmed Binance debut that pays from one event instead of years of deal flow.
XRP Price Prediction Gets a Boost as Ripple and Kyobo Life Insurance Pilot Korea’s First Blockchain Bond Settlement
Ripple and Kyobo Life Insurance announced a partnership on April 15 to test tokenized government bond settlement on Ripple Custody, per 24/7 Wall St. Kyobo manages $92 billion in assets as one of Korea’s Big Three life insurers, and the pilot aims to cut the standard two-day settlement window to near real-time. SBI Holdings connects the Japan-Korea strategy across both markets.
When a $92 billion insurer picks Ripple for government bonds, the use case is no longer theoretical. But pilot programs need months to reach production, and XRP’s price needs volume, not just headlines. Seven spot ETFs already hold $1 billion in combined assets, yet Ripple (XRP) still trades at $1.42 because institutional adoption and token price move on different clocks.
The XRP Outlook and the Presale That Does Not Wait for Adoption Timelines
Pepeto Combines Meme Momentum With Live Exchange Tools No Other Presale Has Shipped
The xrp price prediction waits on deal flow that takes quarters to mature. Pepeto does not. The Pepe creator who built a $11 billion token on zero products now runs a presale where the exchange already works and the Binance listing is locked in.
The bridge moves assets between Ethereum, BNB Chain, and Solana at zero cost, so holders across every chain hold their entire position through each transfer. Over $9.13 million raised while the Fear Index read extreme levels shows serious buyers stepping in while the rest of the market sits idle.
A token scanner checks every contract before you touch it, catching the traps that wiped portfolios in past downturns so your entry stays protected from day one. PepetoSwap handles every trade without taking a cut.
Pepeto sits at $0.0000001865 with the Binance debut closing in, and 182% APY staking adds daily yield as the listing draws nearer. SolidProof passed the full audit before the presale opened. The wallets that spotted setups like this early and moved fast built wealth that waiting alone never created, and Pepeto at $0.0000001865 is that opening with remaining tokens thinning as buyers keep arriving.
Ripple (XRP) Price at $1.44 as Kyobo Life Partnership Signals Real-World Adoption
Ripple (XRP) trades at $1.44 after gaining 3.8% to a 3-week high according to CoinMarketCap. Seven spot ETFs hold $1 billion in combined assets, but XRP needs more institutional volume at scale to break resistance at $1.50.
The xrp price prediction crowd keeps asking about $50, so here is the honest math. At $50, XRP’s market cap reaches about $3 trillion, larger than any crypto ever and near Apple’s total value. That outcome needs dozens of Kyobo-sized partnerships running live production volume across Ripple’s custody network for years. It is possible over a decade, not quarters.
Near term, the xrp price prediction targets $2.00 resistance and the $3.40 ATH from January 2018, a 139% gain. But even the Kyobo deal shows that each step from pilot to production adds months. The wallets that need speed over patience are already looking at presale entries instead.
Conclusion
The xrp price prediction at $50 needs years of institutional adoption at scale. Kyobo proves the technology works, but pilot-to-production timelines do not reprice tokens overnight. Pepeto stands as the entry for returns that large-cap tokens need years to deliver and you can lock in today.
The path splits right here. One group entered Pepeto before the Binance debut and rode live tools plus viral momentum from presale pricing into gains that reshaped their year. The other group waited on the xrp price prediction for proof and paid full exchange price for what early buyers locked in at pennies.
Presale tokens are thinning as demand keeps building. The people who grabbed XRP at $0.003 before anyone noticed already knew which move they would make again.
Click To Visit Pepeto Website To Enter The Presale
FAQs
Can XRP hit $50 based on current xrp price prediction models?
Not in the near term. A $50 price means a $3 trillion market cap, larger than any crypto in history. Realistic targets range from $2.00 resistance to the $3.40 ATH depending on how fast institutional deals like Kyobo scale into production.
How does Ripple (XRP) benefit from the Kyobo Life Insurance partnership announced on April 15?
Ripple (XRP) gains a real-world bond settlement use case with Korea’s $92 billion Kyobo Life Insurance through Ripple Custody. Pepeto at presale pricing delivers larger multiples from one Binance listing without waiting for institutional adoption timelines.
Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.
Bitcoin (BTC) rallied above $78,000 to hit another 10-week high on Friday as crypto and equity markets reacted to cooling tensions in the US and Israel war in Iran. The rally above range highs also resulted in a large liquidation of leveraged Bitcoin positions.
More than $660 million in short positions were liquidated, with Bitcoin accounting for $353 million of that total. Ether (ETH) followed with $160 million in short liquidations.
Related: Three things Bitcoin must do to hold highs above $76K: Analysts
Across the board, $826 million was wiped from the futures market over the last 24 hours.
The single biggest liquidation occurred on Hyperliquid, where a $15.75 million BTC-USDT short position was closed.
Large clusters of short liquidations typically amplify the reach of asset rallies and data from CoinGlass showed a 13% rise in Bitcoin’s aggregate futures open interest (OI) over the last 24 hours.
Even though futures longs (buyers) and shorts (sellers) are always matched, rising OI suggests greater leverage and market participation, which, in this case, appears to be on the side of bulls.
Hyblock data showed ask liquidity sitting between $77,500 and $78,000 being absorbed as BTC rallied to its intra-day highs on Friday.
Bitcoin MACD forecasts a “big move“
Bitcoin’s moving average convergence divergence (MACD) indicator has signaled a buy on its weekly chart, a pattern that has historically preceded sharp price rallies.
The MACD is a popular momentum indicator used in technical analysis that helps traders identify the strength, direction and duration of a trend of an asset’s price.
The indicator reached its lowest level in history and has formed a bullish cross on the weekly chart, as shown in the figure below.
“Not only do we have a 1W MACD bullish cross and break of trend, we have it from the lowest point the MACD has ever dropped to,” analyst Sykodelic said in a recent post on X, adding:
“We are at a very important level here, and the weekly close will be very important.“
Previous instances show that Bitcoin tends to rise sharply when the MACD line (blue) crosses above the signal line (orange). The last time this happened was at the bottom of the 2022 bear market, which preceded a 376% increase in BTC price.
“A big move usually follows whenever this weekly MACD bullish cross happens,” analyst Mikybull Crypto said in a recent post on X.
Fellow analyst The Chart Report told their followers that previous crossovers have “historically produced a 93% win rate with a median 12-month return of +195%.”
Other Bitcoin analysts suggest that the altcoin could continue its recovery to retest higher resistance levels, with BTC price targets set at $90,000 and above.
This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research before making any decisions. Cointelegraph makes no guarantees regarding the accuracy or completeness of the information presented, including forward-looking statements, and will not be liable for any loss or damage arising from reliance on this content.
Pi Mainnet is moving toward Protocol 22, with April 27 set as the deadline tied to node readiness. The update puts fresh attention on Pi Node, which supports network security and transaction flow on desktop devices.
The move also renews focus on Pi’s long-running node plan. Pi’s own notice says parts of its early node document may not be up to date, yet the role of nodes remains clear.
Pi Node Remains Central to the Network Design
Pi Node is the fourth role in the Pi ecosystem.
It runs on laptops and desktops, while mobile users keep using the Pi app.
The system does not use proof of work like Bitcoin. Instead, Pi says it uses a model based on the Stellar Consensus Protocol.
Under that design, nodes form trusted groups called quorum slices. They agree on transactions only when trusted nodes reach agreement.
Pi says this trust model connects with security circles from mobile miners. Those circles help form a wider trust graph for validation.
Protocol 22 Deadline Brings Node Readiness Into Focus
With the April 27 deadline now in focus, node reliability becomes a key part of the discussion. Pi has said nodes help validate transactions and submit them to the blockchain.
SuperNodes carry a larger role in the network. They reach consensus, write transactions to the ledger, and keep other nodes updated.
Pi also says selected node operators must meet technical and account checks. These include uptime, internet stability, hardware capacity, and KYC after invitation.
The project has also said one account should run only one node. That rule links node participation to the same account used on the mobile app.
Pi Keeps a Phased Path for Node Development
Pi’s node plan has followed a staged testnet path. It began with a selection stage, then moved into revision work, and then live testnet activity.
In the selection stage, Pi assessed devices, connection quality, and software setup. The aim was to learn what was needed for a stable and secure network.
During the revision stage, Pi used a centralized layer for faster testing. The company said this helped it simulate many network conditions and stress the consensus model.
Pi has also said that this layer would be removed for mainnet after testing. That point matters as the network now moves around the Protocol 22 deadline.
Pi’s notice also says mainnet nodes are under a firewall during the Enclosed Network period. It adds that broader community access is planned for the Open Network period.
Michael Saylor’s bitcoin (BTC) treasury at Strategy is back in the green this morning — but only barely, and only because BTC gave him a lucky break after the US and Iran announced the reopening of the Strait of Hormuz.
Strategy (formerly MicroStrategy) now holds 780,897 BTC at a blended average cost basis of $75,577 per coin, according to its own disclosure page.
The company’s total expenditures to amass that hoard cost cost $59 billion. BTC traded above $77,870 this morning, making the stack worth roughly $60.8 billion. The unrealized gain works out to $1.8 billion, or a 3% gain.
After nearly six years of leveraged buying, debt issuances, perpetual preferred sales, and common stock dilution, the company has staged a multi-billion dollar comeback this morning.
Strategy’s $11B unrealized loss to green again
Protos previously reported that Strategy owned 640,031 BTC on October 6, 2025 at an average cost of $73,983. BTC traded near $125,000 per coin that day.
The company’s paper profit at that time was an impressive $32 billion.
Saylor, who pledges never to liquidate BTC, proceeded to hold every coin through a gut-wrenching downturn.
Four months later, on February 6, BTC dropped to an intraday low of $59,930. Strategy by then held 713,502 BTC acquired for $54.26 billion at an average of $76,052 per coin. Worse, Saylor had kept buying through the decline, at prices far above the low.
At the February 6 low, the position was worth just $42.7 billion.
The unrealized loss had reached negative $11.50 billion, or a negative 21.2% unrealized loss.
Besides seeing more red on his screen, nothing much else about the corporation changed over that time period.
The company’s board of directors kept declaring preferred share dividends on-time. Common stockholders kept suffering dilution, as usual.
Saylor kept posting orange dots, a visual representation of the company’s BTC purchases.
The primary thing that changed was the whipsawing price of the one asset that he had repeatedly promised never to sell.
Read more: Buying the dip? Strategy prefers the top of the range
Saved by a Strait of Hormuz rally
Fortunately, BTC has since rallied roughly 30% off that February low. Strategy’s holdings, now up to 780,897 BTC, sit in positive territory as of a few hours ago.
The chart tells the story of Strategy’s intraday success. The asset, not the company’s management, rescued their leveraged position.
Saylor’s buying through the drawdown arguably made the recovery thinner. Q1 2026 buys carried a volume-weighted cost near $80,929 per coin, and his weekly purchases overwhelmingly landed in the upper half of each week’s available trading range.
Those overpriced buys are what pushed the company’s blended cost basis up. The same company that once sat on a $32.6 billion gain in October now has a $1.8 billion gain, and was more than $11 billion underwater in the interim.
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Bitcoin bulls charge back into the spotlight as the largest cryptocurrency retook a key barrier near $76,000, a move traders say could open the door to a more sustained rally. The backdrop includes a rare on-chain signal: whales have been accumulating at scale, with CryptoQuant data indicating roughly 270,000 BTC added to wallets holding more than 1,000 BTC in the past 30 days—the strongest spree since 2013. That buildup, together with a geopolitical backdrop that included Iran’s comment on keeping the Strait of Hormuz open during a U.S.-Israel-Iran ceasefire, has contributed to a cautious, albeit constructive, mood among market participants.
Analysts warn that while the trajectory looks positive, a clean breakout needs to be confirmed by sustained price action above critical levels and a continued on-chain bid. In particular, observers look to whether the market can sustain momentum beyond a nearby pivot and avoid a quick pullback that would trap late buyers. Still, a handful of onboard signals suggest the current move could have more legs, even if the path remains bumpy.
Key takeaways
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Bitcoin clear of the $76,000 hurdle has traders eyeing an ascent toward $84,000 and ultimately the $92,000 zone if the price closes above resistance and sustains the breakout.
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Whales have piled into BTC at the fastest pace seen in a decade, with about 270,000 coins added to large holders in the last 30 days, according to CryptoQuant data.
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Analysts flag potential near-term hurdles: a close above the pivotal level could form an ascending triangle pattern, but a break below the moving averages may nod to renewed bear pressure.
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Altcoins are broadly performing, with Ethereum and several other top assets testing key short- and mid-term resistance levels that could reshape the near-term trend if broken.
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Market watchers urge caution: a bull-market confirmation would require price action to clear several hurdles including a sustained close above important moving averages and a weekly RSI signal above critical thresholds.
Bitcoin price outlook: a rising odds scenario
Bitcoin rose decisively past a recent resistance around $76,000, signaling renewed demand from bulls after a period of consolidation. The chart setup points to an ascending-triangle formation that could unlock a path to higher targets if bid interest remains firm. A close above $76,000 would complete that pattern, opening the door toward $84,000 and, on a continued impulse, toward the $92,000 region.
On the technical side, the 20-day exponential moving average sits at about $72,100, providing a rising support buffer for the short term. The RSI hugging the upper end of its range indicates momentum is skewed toward buyers, though traders watch for any signs of exhaustion that could precede a pullback. If prices dip back below the moving averages, the bulls would lose traction and a trip toward the triangle’s lower boundary could unfold, potentially reintroducing a more defensive tone to the market.
Ether and the broader altcoin sleeve
Ethereum’s bid to extend its recovery remained intact as buyers defended the $2,415 level against a test from sellers. A daily close above that resistance could push ETH toward $2,800, and then $3,050, spotlighting a potential bottoming process that began near the $1,748 area earlier in the cycle.
Beyond ETH, traders are watching XRP’s pattern: after closing above the 50-day simple moving average, the chart shows the 20-day EMA turning upward and the RSI in a constructive zone. A breakout past the nearby downtrend line could catalyze a move toward the next resistance cluster, but a break below moving averages would reopen risk of a deeper retracement toward the $1.27 floor.
BNB, meanwhile, confirmed a shift in near-term momentum by closing above the 50-day SMA. If this uptrend sustains, the next upside milestones sit near $687, with potential extensions to $730 and $790 should buyers maintain control.
Solana, Dogecoin and other micro-movers
Solana’s price action has also shifted in bullish fashion, with the close above moving averages suggesting a test of the $98 resistance. A breakout above that level would remove some near-term overhead supply and could pave the way toward the $117 mark, while a rejection at $98 may elongate the consolidation phase.
Dogecoin is echoing a similar sentiment, bouncing off the moving averages and approaching the $0.10 area. If buyers sustain the headline momentum, a climb to $0.11 and possibly $0.12 could unfold, though the bears remain keen to defend key supports that could snap the rally if breached decisively.
Hyperliquid (HYPE) traders remain focused on breakout levels, with the price needing to hold above the $43.76 breakout point to keep the run intact. A push through $46 could clear the way toward the $50–$51.43 zone, whereas a reversion below the 20-day EMA and the 50-day SMA could re-open risk of a deeper pullback toward the lower bound.
Smaller caps and the Chainlink view
Cardano is quietly reasserting strength, moving toward the upper boundary of its current channel and eyeing a potential break past the downtrend line. A decisive move higher could target the $0.32–$0.37 range, signaling a possible early trend change for ADA.
Bitcoin Cash is perched around the 20-day EMA and wrestling with immediate resistance at the 50-day SMA. If bulls manage to clear that barrier, BCH could accelerate toward $486 followed by a test of $520; failure to hold the near-term supports could invite a retest of lower levels near $419.
Chainlink faces a battle around the $8–$10 zone, where sellers have historically stepped in. A lasting close above $10 would likely reawaken the bullish case and could propel LINK toward $11.61, contingent on continued demand and a break past residual overhead supply.
What this means for risk and opportunity now
The current setup paints a blend of cautious optimism and on-chain caution. The rapid accumulation among large BTC holders signals that the market’s biggest players are bracing for higher prices, a factor that can provide a more durable bid if sustained. Yet the bear case remains open if prices fail to cling to the moving averages or if macro or geopolitical headlines inject volatility into the mix. In that sense, traders should watch the interplay between spot price action and on-chain signals—especially the resilience of key moving averages and the ability to close decisively above them on a weekly timeframe.
For investors, the story hinges on whether the market can defend the breakout in Bitcoin and maintain leadership across leading altcoins. If BTC can sustain a move above mid-range targets, other assets with favorable chart structures may follow suit, lending credence to a broader risk-on cycle. Conversely, if risk controls tighten or selling pressure reasserts near the moving averages, the rally could stall and reintroduce a longer consolidation phase.
Looking ahead, market watchers will be paying close attention to hold levels around $78,100—identified by analysts as a critical line for validating a structural shift toward a bull market—and to the evolving on-chain backdrop that has shown strong large-holder demand in recent weeks. The next few sessions could reveal whether this rally is a sustained unwind or a relief move within a larger, uncertain regime.
Readers should keep an eye on how price action evolves around the moving averages and the key resistance zones outlined for each asset. As always, developments in macro risk, regulatory hints, and geopolitical headlines will influence the tempo and magnitude of any upcoming moves.
TLDR:
- Singapore Gulf Bank enables 1:1 USD to USDC conversion with round-the-clock settlement on the Solana network
- The service removes fees for a limited time, allowing institutions to test seamless crypto-fiat transactions
- Wu Blockchain reported that the platform supports instant minting and redemption without time restrictions
- The bank plans to extend access to retail users by the end of Q2 after the initial institutional rollout phase
Singapore Gulf Bank has introduced a new stablecoin service that enables direct conversion between USD and USDC on Solana.
The offering provides continuous settlement and removes fees for a limited period, targeting institutional participants at launch.
Institutional Access to 24/7 Stablecoin Conversion
Singapore Gulf Bank has rolled out a mint and redeem service for USDC, allowing direct conversion between USD and USDC. The service supports a one-to-one exchange ratio and operates without fees during the initial phase.
A post shared by Wu Blockchain on X reported the launch and confirmed key features of the service. The tweet noted that the platform enables 24/7 settlement on Solana while maintaining a fixed USD–USDC conversion rate.
The service operates on the Solana network, which is known for fast transaction speeds and low fees. As a result, clients can complete transactions at any time, including weekends and holidays. This continuous availability supports institutions that require round-the-clock liquidity.
In addition, the fee waiver lowers entry barriers for early users. Institutions can test the service without incurring extra costs. This approach may support early adoption while giving the bank time to scale operations.
The focus on institutional users reflects current demand patterns in digital asset markets. Large entities often require efficient fiat-to-crypto rails for treasury and trading operations. Therefore, the service is positioned to meet those operational needs.
Expansion Plans Toward Retail Users
Singapore Gulf Bank has stated that the service will extend to individual users by the end of the second quarter. This planned rollout suggests a phased approach to onboarding. The bank appears to be testing the infrastructure with institutional flows before opening wider access.
The tweet referenced the official announcement, which confirms that retail availability remains part of the near-term roadmap. As a result, individual users may soon gain direct access to minting and redeeming USDC through the platform.
Moreover, the use of Solana may appeal to users seeking faster settlement compared to other networks. The blockchain’s design supports high throughput, which aligns with payment and conversion use cases. This setup could support broader participation once retail access begins.
At the same time, the bank’s move reflects growing interest in stablecoin services tied to traditional finance. Institutions and individuals continue to look for reliable on-ramps and off-ramps. Therefore, offerings that combine fiat access with blockchain settlement are gaining attention.
The current rollout remains limited to selected clients. However, the upcoming expansion indicates a wider strategy. By gradually opening access, the bank can monitor performance and user activity while refining the service.
Crypto World
Kraken’s parent company Payward to acquire derivatives exchange Bitnomial for $550 million in cash and stock.
Crypto exchange Kraken’s parent company has agreed to acquire digital asset derivatives platform Bitnomial for up to $550 million, in a cash-and-stock transaction that values the firm at $20 billion, Payward said in a press release exclusively shared with CoinDesk.
Bitnomial, founded over a decade ago, is the first crypto-native platform to secure all three licenses required to operate a full-stack derivatives business in the U.S. It has approvals to operate a designated contract market, a derivatives clearing organization and a futures commission merchant. The acquisition effectively shortcuts years of regulatory buildout for Payward as it expands its U.S. footprint.
While Kraken trails platforms like OKX, Bybit and Coinbase (COIN) in spot trading volumes, it remains a major player in the crypto derivatives market.
Kraken is a U.S.-based cryptocurrency exchange where users can buy, sell, and trade digital assets like bitcoin and ether (ETH) using fiat or crypto. It has expanded into services such as derivatives, staking, and custody, positioning itself as a more full-service trading platform beyond a basic retail app.
“The shape of a market is determined by its clearing infrastructure, not its front end,” said Payward Co-CEO Arjun Sethi, pointing to Bitnomial’s crypto-native settlement, collateral and 24/7 trading capabilities as core to the strategy.
Deal activity in the crypto sector has begun to pick up after a prolonged downturn, as firms look to consolidate capabilities and shore up infrastructure following years of market volatility and regulatory scrutiny.
Larger, better-capitalized players are increasingly targeting acquisitions that fill strategic gaps such as custody, derivatives or compliance, rather than pursuing growth at any cost. At the same time, depressed valuations have created opportunities for buyers, while smaller startups facing funding constraints are more open to being acquired, setting the stage for a more pragmatic phase of industry consolidation.
Scaling up
Kraken has been scaling up ahead of its planned initial public offering (IPO). Payward said it confidentially submitted a draft S-1 to the U.S. Securities and Exchange Commission on November 19 last year.
However, CoinDesk reported last month that the firm had put its IPO plans on hold due to difficult market conditions. According to sources, the company is still considering an initial public offering, but probably not until market conditions improve.
In recent years, Kraken has pursued a relatively targeted but increasingly strategic M&A strategy focused on expanding beyond pure crypto trading into multi-asset and derivatives infrastructure.
The most significant transaction was its $1.5 billion acquisition of NinjaTrader in 2025, a U.S.-based retail futures platform and CFTC-registered FCM, marking the largest-ever deal between traditional finance and crypto and giving Kraken a direct foothold in U.S. derivatives markets and a large base of futures traders.
Prior to that, Kraken executed smaller tuck-in acquisitions such as BCM in 2023 and other platform or exchange purchases, including the later acquisition of Small Exchange, aimed at building out its derivatives and institutional capabilities.
Overall, Kraken’s deal activity signals a clear strategy. Using M&A to acquire regulatory licenses, trading infrastructure, and user bases that help it evolve into a broader, institutional-grade, multi-asset trading platform spanning crypto and traditional markets.
Derivatives business
The combined platform will integrate Bitnomial’s regulated infrastructure with Payward’s global distribution and liquidity across brands including Kraken and NinjaTrader. Initial offerings are expected to include spot margin, perpetual futures and options for U.S. clients under Commodity Futures Trading Commission oversight.
Payward has been building out its derivatives business globally, acquiring a U.K. crypto futures platform in 2019 and launching an EU offering in 2025. With Bitnomial, it now adds a fully regulated U.S. stack.
The deal also expands Payward Services, the firm’s B2B infrastructure arm, allowing banks, fintechs and brokerages to access regulated U.S. derivatives through a single API integration.
The transaction, which covers 100% of Bitnomial’s equity, is expected to close in the first half of 2026, pending customary conditions and regulatory filings.
“We are not acquiring a company. We are adding the infrastructure layer that makes the next generation of US derivatives possible,” Sethi said in emailed comments.
UPDATE (April 17, 12.40 pm UTC): Updates story with CEO quote in the final paragraph.
XRP (XRP) holders now have direct access to Solana’s (SOL) DeFi ecosystem through wrapped XRP (wXRP), a 1:1 backed token that lets them earn yield, swap, and lend without selling their native position.
The wrapped token, live through Hex Trust custody and LayerZero’s cross-chain bridge, is already supported in Phantom wallet, Jupiter Exchange, Meteora, Titan Exchange, and byreal_io.
New DeFi Options Without Leaving XRP
For holders who kept XRP primarily for payments and cross-border settlement, wXRP opens a new layer of utility. By depositing native XRP through Hex Trust’s authorized channels, users receive wXRP on Solana and can deploy it across liquidity pools, lending protocols, and decentralized exchanges.
Each wXRP corresponds to one native XRP locked in a segregated custody account.
The token is minted on deposit and burned on redemption, keeping supply fully matched. Holders can redeem back to the XRP Ledger at any time.
This also means wXRP can trade against Ripple’s RLUSD stablecoin on supported chains, giving holders more pairing options for managing their positions.
Risks XRP Holders Should Weigh
Despite regulated custody, wXRP introduces counterparty exposure to Hex Trust as the third-party custodian.
Cross-chain bridges, including LayerZero’s OFT standard, have historically faced exploits, though LayerZero’s architecture avoids unregulated intermediaries.
Minting, bridging, and DeFi participation also carry fees and potential slippage. Larger deposits may require KYC and AML verification through Hex Trust’s compliance process.
wXRP does not replace holding native XRP on the XRP Ledger for settlement use cases.
However, it gives holders a compliant path into one of the most active DeFi ecosystems without abandoning their core XRP exposure.
Despite the news, both XRP and Solana prices only recorded modest surges, rising 2% and 0.9%, respectively. As of this writing, XRP traded for $1.49 while SOL exchanged hands for $89.72.
The post XRP Holders Now Have Direct Access to Solana DeFi Ecosystem appeared first on BeInCrypto.
Crypto World
Truist Financial (TFC) Stock Climbs on Strong Q1 Performance with EPS Jump and Loan Portfolio Expansion
Key Highlights
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TFC shares rally 3.7% following robust Q1 performance with earnings growth and expanding loan book
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First quarter delivers elevated EPS, consistent revenue generation, and enhanced capital position
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Truist achieves positive momentum with rising profitability and continued balance sheet expansion
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Financial institution demonstrates enhanced operational efficiency alongside stable deposit base
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Quarterly performance showcases EPS advancement while maintaining consistent credit metrics
Truist Financial (TFC) advanced to $51.26, posting a 3.70% increase following the release of first-quarter financial results that demonstrated profitability improvements and ongoing lending growth. The banking institution generated $5.15 billion in total revenue, marking a 5.2% year-over-year increase, while earnings per share climbed to $1.09 compared with $0.87 in the prior-year period. The quarterly report underscored operational consistency, expense management discipline, and maintained financial strength.
Truist Financial Corporation, TFC
Profitability Advancement and Revenue Performance
Truist delivered net income attributable to common shareholders totaling $1.38 billion, demonstrating ongoing profitability momentum. Diluted earnings per share advanced to $1.09, driven by enhanced operational productivity and diversified income generation. The institution achieved a 13.8% return on tangible common equity, showcasing productive capital deployment.
Total revenue experienced a marginal sequential decline while maintaining year-over-year growth momentum. Net interest income totaled $3.60 billion, reflecting moderate sequential headwinds associated with shifts in deposit composition. Noninterest income remained stable at $1.55 billion, benefiting from heightened trading volumes and investment banking contributions.
The efficiency ratio declined to 57.9%, demonstrating enhanced cost management throughout the period. Expense reductions across staffing and professional service categories drove the overall cost decrease. Consequently, pre-provision net revenue exhibited strength, validating the bank’s operational execution.
Lending Portfolio Growth and Financial Position Enhancement
Truist grew its lending operations, with average loans and leases climbing to $327 billion throughout the quarter. Commercial lending segments drove the majority of growth, while consumer portfolios experienced modest contraction. Period-end loans totaled $329.2 billion, demonstrating sustained yet measured expansion.
The deposit base exhibited consistent growth, with average deposits ascending to $399 billion. Period-end deposits reached $404.1 billion, illustrating stable funding dynamics. Declining deposit costs also enhanced margins, with the average deposit cost decreasing to 1.55%.
Average earning assets expanded to $486.35 billion, reflecting incremental balance sheet progression. The loan yield compressed to 5.71%, influenced by repricing trends within the prevailing interest rate landscape. Reduced borrowing expenses and an optimized funding composition helped mitigate margin compression.
Credit Metrics and Financial Strength Remain Resilient
Truist preserved consistent credit quality, with net charge-offs registering 0.61% during the period. Nonperforming assets decreased to $1.79 billion, signaling managed credit exposure. Nonaccrual loans similarly declined to $1.72 billion, reinforcing overall portfolio consistency.
The allowance for loan losses maintained stability, with the ALLL ratio holding steady at 1.53%. Loans delinquent beyond 90 days remained flat, confirming consistent credit performance. These indicators reflected prudent risk oversight across lending operations.
Capital metrics remained robust, with the CET1 ratio maintaining a 10.8% level. The Tier 1 capital ratio achieved 11.9%, while the Tier 1 leverage ratio registered 9.9%. The company executed $1.1 billion in share repurchases, reinforcing shareholder returns and financial position strength.
Truist produced a well-rounded quarterly performance, merging profitability growth, expense discipline, and consistent lending expansion. Despite modest margin headwinds, the stable deposit base and solid capital foundation underpinned continued operational durability.
Europe needs more euro-issued stablecoins and banks across the European Union (EU) countries must explore tokenized deposits, French Finance Minister Roland Lescure said Friday, according to Reuters.
The statements signal a potential shift in stance within the French government and its central bank.
Lescure expressed support for Qivalis, a group of 12 European banks, including BBVA, ING, UniCredit and BNP Paribas, that are set to launch a euro-pegged stablecoin in the second half of 2026, in a move they hope will counter U.S. dominance in digital payments.
“That is what we need and that is what we want.” Lescure said. “I also strongly encourage banks to further explore the launch of tokenised deposits.”
He also said that the relatively small volume of euro-pegged stablecoins compared to dollar-pegged ones was “not satisfactory”.
Former Finance Minister Bruno Le Maire spearheaded a strict regulatory stance against privately-issued fiat-pegged cryptocurrencies, saying they “had no place on European soil” and were a threat to “the sovereignty of nations.” And in 2023, La Maire was linked to a EU document revealing the European Commission’s plan to halt stablecoins from becoming widely used in place of fiat currency.
More recently, during a live confrontation with Coinbase CEO Brian Armstrong over stablecoins and yields, Bank of France Governor Francois Villeroy de Galhau warned that stablecoins and tokenized private money could accelerate what he framed as a political threat. “The first threat is privatization of money, and loss of monetary sovereignty,” he added.
World, the Sam Altman-backed digital identity project, has unveiled on Friday what it calls its most significant upgrade yet to World ID, positioning the system as “full-stack proof of human” infrastructure aimed at consumers, enterprises and AI agents.
The overhaul, announced at an event in San Francisco, comes as concerns mount across the tech industry over bots, deepfakes and AI agents impersonating humans online, a trend World is explicitly targeting with a broader push into authentication, payments and internet services. Altman’s other major project is OpenAI, the firm behind ChatGPT and tools using the large language model AI platform.
World’s system relies on its custom-built “Orb” devices to establish what it calls proof-of-humanity. To obtain a World ID, users must visit an Orb in person, where the device scans their face and iris to generate a unique cryptographic code representing that individual.
The images are deleted after processing, according to the company, and only anonymized fragments of the code are sent across a distributed network to confirm the person has not previously registered. The result is a credential that can prove someone is a unique human online without revealing their identity or personal data. Some critics, however, have flagged the use of biometric scanning via the Orb as a controversial aspect of the system.
At the core of the update is a redesigned architecture intended to improve privacy, security and usability. New features include account-based identity, multi-key support, recovery mechanisms, which give capabilities typically expected in large-scale security systems.
“World 4.0 is powerful, scalable and open,” senior executive Daniel Shorr said at the event. “In the age of AI, being human will be incredibly valuable and the internet will want to know you’re human,” he added.
The company is also introducing a dedicated World ID app, currently in beta, which will allow users to manage credentials and authenticate across platforms. The app reflects a broader ambition to make proof-of-human identity as seamless as logging into a social media account.
From dating apps to Zoom calls
Alongside the protocol update, World detailed a slate of integrations aimed at embedding its identity layer across consumer platforms.
On the consumer side, the company is expanding partnerships with platforms like Tinder, where users can display a “verified human” badge, and rolling out “Concert Kit,” a tool designed to help artists reserve tickets for verified individuals to combat scalper bots.
Gaming and online communities are another focus, with partnerships involving Razer and Mythical Games, while Reddit has signaled it is exploring similar identity tools for bot detection.
Enterprise use cases are also central to the rollout. World said it is working with Zoom on a feature called “Deep Face,” which verifies that a meeting participant is a real human rather than a deepfake, and with Docusign to incorporate proof-of-human checks into digital agreements.
In addition, World is rolling out new tooling, including “AgentKit,” to allow developers to attach credentials that prove there are humans to agents, which will be needed for sensitive actions and enable agent-based commerce tied to verified individuals.
The company is working with firms including Okta, Vercel and Browserbase on these capabilities, which aim to establish a trust layer for automated workflows without requiring personal data.
‘World ID is on the way to being a real human network for the internet,” said Sam Altman, the co-founder of World, at an event marking the announcement in San Francisco.
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