Backpack launches spot trading for Ripple’s XRP
Today Backpack opened spot trading for Ripple's XRP.The crypto exchange announced the launch of XRP trading pairs on its platform, expanding its offerings to include the digital asset.
Tether in talks to invest in gold miners as its gold reserves hit $8.7 billion
Tether is exploring investments across the gold industry, from mining and refining to trading and royalty companies, the Financial Times reported Thursday.The leading stablecoin issuer, which runs a gold-backed stablecoin called XAUt, is said to have engaged with mining and investment groups over in…
Justin Sun backs proposal to cut Tron fees by 60%, says users will benefit most
Justin Sun, the founder of the Tron blockchain, has voiced support for a community proposal to slash Tron's network by 60% as he believes it will benefit users and drive long-term growth."For users, this fee reduction is a real benefit," Sun said in a Friday statement . "Cutting fees by 60% is bold …
SBI-backed game maker Gumi announces $17 million XRP purchase
Tokyo-listed game developer and publisher Gumi announced Friday its plan to purchase 2.5 billion Japanese yen (approximately $17 million) worth of XRP, expanding its digital asset holdings beyond Bitcoin.After acquiring 1 billion yen ($6.6 million) worth of Bitcoin in early 2025, Gumi’s board of dir…
Philippines considers establishing a national Bitcoin reserve
Miguel Luis “Migz” Villafuerte, a Filipino congressman known for becoming the country’s youngest elected governor, has filed a proposal that would require the central bank to steadily accumulate Bitcoin as part of the Philippines’ sovereign reserves.The measure, filed as House Bill 421 , would direc…
South Korea’s KakaoBank explores stablecoin issuance and custody services
KakaoBank, South Korea's leading digital bank known for innovative mobile banking services and rapid user growth, is exploring stablecoin issuance and custody services, with plans to actively participate in the fast-growing market valued at approximately $275 billion.The stablecoin move was confirme…
Eric Trump bull-posts Bitcoin, Ethereum amid tariff jitters
As crypto markets wobbled amid renewed tariff fears, Eric Trump reaffirmed his support for Bitcoin and Ethereum, encouraging investors to buy during the current market dip.This wasn’t the first time President Trump’s son voiced confidence in the top two digital assets.In February, amid tariff-fueled…
Court rejects Ripple and SEC bid to slash $125M penalty and lift injunction on XRP sales to institutions
A federal judge on Thursday denied a joint request from the SEC and Ripple Labs to slash a $125 million penalty and lift legal constraints on Ripple’s institutional XRP sales, keeping in place the injunction imposed in 2024, as announced by defense lawyer James Filan.The motion, filed in the US Dist…
Michael Saylor’s Strategy makes smallest Bitcoin purchase since mid-March
Strategy announced Monday it had purchased 245 Bitcoin at an average price of $105,856 per coin, marking its tenth consecutive week of acquisitions. The company's total Bitcoin holdings now stand at 592,345 BTC, valued at approximately $60 billion.This marks Strategy’s smallest Bitcoin acquisition s…
Polyhedra Network’s ZKJ token crashes over 80% after Binance Alpha LPs reportedly pull liquidity
The price of ZKJ, Polyhedra Network’s native token, collapsed by more than 80% this morning after suspected coordinated liquidity removals by large holders. ZKJ saw heavy volatility on June 15, tumbling from $1.9 to $0.76 before rebounding above $1.4, CoinGecko data shows. However, the token resumed…
Amazon, Walmart, and Expedia consider issuing stablecoins to sidestep costly card fees: WSJ
Top American retailers and travel companies, including Amazon, Walmart, and Expedia, are weighing the launch of their own stablecoins to reduce payment processing costs, The Wall Street Journal reported Friday, citing people with knowledge of the effort.The potential shift could help merchants save …
World Liberty advisor faces six-figure loss after shorting $TRUMP on Trump-Musk fallout
A wallet believed to belong to Ogle, the pseudonymous crypto influencer and advisor to World Liberty Financial, has posted unrealized losses exceeding $100,000 after betting against the $TRUMP meme token, according to data tracked by Lookonchain.Ogle reportedly opened a 10x leveraged short on $TRUMP…