The post XRP Price as SWIFT Taps Ripple-Affiliated Banks For Tokenized Cross-Border Payments appeared on BitcoinEthereumNews.com.
XRP price is up by 1.6% today, July 9, to trade at $1.09 at the time of writing. These gains come as SWIFT announces that it will be working with 17 banks, some of which are affiliated with Ripple, for a pilot phase for its blockchain-based ledger. SWIFT Partners With Banks For Tokenized Cross-Border Payments SWIFT has announced that it will be working with 17 banks to check whether its blockchain can be used to facilitate payments made between countries. Some of the banks named in this project, like Standard Chartered and UBS, use Ripple to custody crypto assets or to enable payments across countries using the XRP Ledger. This initiative comes after Ripple Treasury joined the SWIFT Certified Partner Program in April 2026. However, an analyst on X notes that Ripple’s partnership with SWIFT might not be bullish for the price of XRP because SWIFT will not use
The post Cathie Wood Warns Ripple-Backed OUSD May Not Challenge USDT, USDC appeared on BitcoinEthereumNews.com.
Cathie Wood has said Ripple-backed OpenUSD may struggle to challenge USDT and USDC, even with major corporate names behind it, because stablecoin markets depend on liquidity, trust, collateral use, and daily platform integration. ARK Says Stablecoin Moats Are Built on Use According to the ARK Invest CEO, stablecoins are like the monetary networks that evolve with increasing adoption by user bases, exchanges, wallets, and payment companies. She added that USDT and USDC have already established robust network effects in the crypto trading and payments space and DeFi. In a research note, ARK Invest Director of Digital Assets Lorenzo Valente suggested that OUSD’s odds of supplanting the two biggest stablecoins are low. In his blog post “Why USDT and USDC are harder to kill than crypto Twitter thinks”, Valente also cautioned that many market participants may be overly optimistic a
The post XRP Keeps Plunging Against Bitcoin appeared on BitcoinEthereumNews.com.
The XRP/BTC meltdown Good news fails to boost XRP The Ripple-linked XRP token continues its multi-month slide against Bitcoin (BTC), according to the recent market data. In fact, it is currently on the verge of securing its lowest close against the leading cryptocurrency since the beginning of the year. The XRP/BTC meltdown After a brief period of consolidation and a minor relief rally in June, the pair has completely rolled over in early July, breaking down toward multi-month lows. XRP Keeps Plunging Against Bitcoin $560 Million Record: CashCat Coin Takes Over Robinhood; Hyperliquid Joins XRP in Bitwise 10 Crypto Index; 105,742,020% in Bitcoin: Satoshi-Era Whale Awakens – Morning Crypto Report The pair currently hovers at 0.00001735 BTC. It is precariously near its lowest levels of the year. XRP/BTC via TradingView XRP has shed 53% of its value over the past year in USD terms, a weakness that is mag
The post Private Blockchains Are Bigger Bitcoin Risk Than Strategy BTC Sales, JPMorgan appeared on BitcoinEthereumNews.com.
JPMorgan analysts have said Bitcoin’s main long-term risk may not come from Strategy selling BTC, but from banks and large institutions adopting private blockchain systems that do not rely on public crypto networks or tokens. JPMorgan Says Strategy Sales Are Not the Main Bitcoin Threat In a note to clients, JPMorgan analysts, led by Nikolaos Panigirtzoulos, suggested that Strategy’s Bitcoin sales could introduce periodic selling pressure, but they did not view the company as the primary structural threat for Bitcoin. After years of accumulation, strategy has come into the control of about 4% of all bitcoins in circulation, so traders are watching strategy’s moves very closely. “Strategy is not our primary thinking as a structural threat to Bitcoin,” the analysts wrote. The bigger danger is from the traditional finance sector’s adoption of blockchain technology out
The post XRP Futures Open Interest on Binance Falls to Three-Month Low at 397M appeared on BitcoinEthereumNews.com.
XRP News XRP futures open interest on Binance has fallen to roughly 397 million XRP, its lowest reading in more than three months, as the token changes hands near $1.09. Derivatives open-interest data shows the contraction reflects deleveraging, with traders trimming or closing leveraged positions rather than adding fresh exposure. Falling open interest alongside soft prices typically signals a cooling appetite for leveraged bets on the altcoin. Analysts frame the move as a slowdown in derivatives activity rather than an outright bearish verdict, describing the phase as repositioning while participants wait for a clearer directional signal across the XRP market. While the derivatives picture cools, spot metrics tell a contrasting story. On-chain data shows the XRP Binance scarcity index has climbed to 0.77, its highest level in more than two years. The gauge measures how
Tokenized assets do not become mainstream because crypto people say they should. They get closer when the institutions that already run financial plumbing test how those assets can move through existing systems. That is
The post XRP AI-Agent Payments Jump 77% on the XRP Ledger appeared on BitcoinEthereumNews.com.
XRP News Autonomous AI agents on the XRP Ledger sharply increased their use of XRP over the past 24 hours, with payments settled between bots in the native token climbing 77%, according to on-chain data. Over the same window, turnover of Ripple’s dollar stablecoin, RLUSD, fell 32%, signaling that automated systems rotated their operational settlements away from the digital dollar and into XRP. The shift is playing out across the network’s growing machine-to-machine economy, where software agents pay one another for data and compute. On-chain metrics indicate the agents favored XRP during peak activity, treating RLUSD as a passive reserve rather than an active settlement rail. Much of that rotation traced back to a single protocol, ClawBank, whose 67 connected services processed 7,630 transactions in one day, on-chain data shows. The daily burst is striking: before it, the project had recorded
The post Tokenized stocks soar 279%, hit $3.4B record – 2 networks lead charge appeared on BitcoinEthereumNews.com.
Momentum across tokenized stocks accelerated sharply in June as investors increasingly embraced blockchain rails for trading traditional stocks. The surge reflected more than speculative enthusiasm. Improving infrastructure, expanding token offerings, and demand for 24/7 trading continued attracting institutional and retail participants. Monthly trading volume reached a record $3.4 billion, rising 279% month over month and 1,400% year over year. SpaceX’s tokenized IPO and Solana’s [SOL] dominant market share largely drove that growth. Source: X As AMBCrypto previously reported, tokenized stocks are increasingly becoming a structural bridge between traditional finance and blockchain markets. That transition gathered further momentum as monthly transfer volume climbed 91.66% to $8.70 billion. Moreover, Distributed Value rose 31.59% to $1.94 billion, and holders increased 15
The post Over 15 Banks Race to Tokenize Finance, and It Could Affect Bitcoin appeared on BitcoinEthereumNews.com.
More than 15 of the world’s largest banks are building tokenized finance on private blockchains, and JPMorgan says that shift, not MicroStrategy, poses the bigger long-term threat to Bitcoin (BTC). The bank’s analysts, led by Nikolaos Panigirtzoglou, argue that if payments and assets move onto permissioned networks, public blockchains could lose activity, liquidity, and capital over time. Wall Street Is Building Tokenized Finance at Scale JPMorgan’s Kinexys platform has processed more than $3 trillion since inception and now clears over $7 billion a day. JPMorgan built it as Onyx in 2020 and renamed it Kinexys in 2024, as CEO Jamie Dimon kept criticizing Bitcoin. Much of this activity runs on shared permissioned networks. On the Canton Network, DTCC is tokenizing the U.S. Treasuries it custodies, with a 2026 target. HSBC has completed a tokenized deposit pilot there, and Go
