Over the past day, trading volume for XRP suddenly jumped by 233% within a single hour. This kind of significant increase usually means larger investors are either buying up more XRP or selling off their holdings. Whether they’re accumulating or distributing depends on the broader market situation.
Bitwise Asset Management, with the zeal of a protagonist in a Gogolian satire, rises to defend Circle’s honor. Hougan, their CIO, argues that the stablecoin issuer’s $75 billion valuation by 2030 is not mere fantasy, but a prophecy written in the stars-or at least, in the ledgers of Citigroup’s revised forecasts. “Legislative noise!” he scoffs, as if swatting away a particularly persistent fly. “The growth thesis remains as intact as a bureaucrat’s appetite for paperwork!”
If this rumor is accurate, it could further complicate the Senate’s ongoing attempts to pass major legislation regulating the cryptocurrency market.
On a Wednesday, when the winds of optimism blew through the markets, Bitcoin, that restless spirit, leapt with abandon. From its tentative perch below $70,000, it ascended, step by step, until it reached the giddy height of $72,026 by 7:30 a.m. EST. Yet, as is the way with all things mortal, it could not sustain its flight, and soon retreated to the more modest confines of $71,000. A fleeting triumph, but a triumph nonetheless.
Welcome to our institutional newsletter, Crypto Long & Short. This week:
A tome from the wise sages of Arab Chain, drawing upon the sacred scrolls of Binance’s XRP Realized Volatility (30D), reveals a truth most peculiar: volatility hath collapsed to its lowest ebb since the dawn of 2026. Yet, mark my words, this is no sign of peace, but rather the calm before the tempest. In the realm of crypto, such compression bears a name-and a history most tumultuous.
Monument Bank, a London-based financial institution, is planning to use blockchain technology to turn customer deposits into digital tokens. They intend to initially tokenize £335 million (around $250 million) on a public network, making them the first UK bank authorized to tokenize everyday customer savings. This innovative project will offer the benefits of digital tokens while still ensuring customers’ money is protected under standard banking regulations.
In a recent post on the old X (formerly known as Twitter, don’t you know), our intrepid market expert shared a Sunday report that reads like a cautionary tale from a particularly gloomy soothsayer. Since September 2025, he’s been banging on about Bitcoin’s precarious position, and by Jove, he’s been spot on. After nailing the $125,000 peak, he predicted the tumble to $100,000, and then the plunge to $60,000-both of which came to pass with alarming swiftness. Not content with that, he foresaw Bitcoin’s sideways shuffle between $57,000 and $87,000, a prediction that proved as accurate as a Swiss timepiece.
Market experts-those wizards of the obvious-have declared that XRP is more likely to take a nosedive into the lower support zones than it is to suddenly sprout wings and soar. Because, let’s face it, without a major catalyst, this crypto asset is about as motivated as a sloth on a Sunday afternoon.
So, Startale Group closed a $63 million Series A round, with SBI Group tossing in $50 million on top of Sony’s $13 million from January. Because when Sony and SBI team up, it’s like Batman and Robin, but with more blockchain.