crtypto & forex news

El Salvador moved its national Bitcoin stash into multiple wallets on Friday as a hedge against a future cryptographic threat, according to official posts and blockchain records. The country transferred 6,274 BTC — roughly $678 million at current prices — out of a single address and into 14 separate addresses, with each new address holding up to 500 BTC. Split Wallets To Limit Exposure Based on reports from the Bitcoin Office, the move was meant to reduce the impact of any future quantum breakthrough. Officials said the shift was a simple, defensive step. Once funds are spent from a Bitcoin address, the address’s public key becomes visible on the blockchain. That public key, people warn, would be the target if quantum machines ever reached the ability to solve elliptic curve cryptography. El Salvador is moving the funds from a single Bitcoin address into multiple new, unused addresses as part of a strategic initiative to enhance the security and long-term custody of the Natio...

In the dynamic financial sector, Bitcoin ETFs are rapidly gaining ground against their gold counterparts, with inflows pushing total assets under management toward record highs. Bitcoin ETFs are set to overtake gold ETFs in total assets under management. Bitcoin ETFs Cement Role As Institutional Gateway To Crypto Bitcoin Exchange-Traded Funds (ETFs) are on the brink of making history globally. In an X post , the Kobeissi Letter, an industry-leading commentary on global capital markets, has revealed that BTC ETFs are on track to surpass Gold ETFs in assets under management (AUM) for the first time in history, marking a historic milestone in global markets. Over the past 12 months, AUM in the largest cryptocurrency ETFs has doubled to $150 billion, while gold ETFs have climbed 40% to a record of $180 billion. The comparison highlights how rapidly momentum has shifted. Just three years ago, gold ETFs were five times larger than Bitcoin ETFs. Presently, with accelerating inflows into ...

Based on an SEC filing, Amplify — an asset manager overseeing $12.6 billion — has submitted paperwork for an XRP Option Income ETF that it plans to list on the Cboe BZX Exchange and start trading in November. Rather than buying XRP outright, the fund seeks market exposure by holding ETFs that track XRP and by writing options to generate yield. Amplify Seeks An Options-Based XRP Play The filing outlines the fund’s composition. A minimum of 80% of the portfolio will be invested in instruments tied to XRP’s price, including shares of XRP ETFs and options written on those ETF shares. The other 20% will be allocated to US Treasuries, cash, or similar short-term instruments. The fund intends to use option contracts to build synthetic exposure — for instance, pairing bought calls with sold puts at identical strikes and expirations, or buying in-the-money calls. That arrangement is designed to produce steady option premium income from selling options on ETFs referencing XRP. Futures Ac...

Gumi Inc. , a prominent Japanese mobile game developer, has caught the attention of the broader crypto industry after revealing plans to buy $17 million worth of XRP. This move signals the gaming giant’s deeper commitment to blockchain technology , as it looks to tap into new revenue streams and strengthen its position through XRP in the growing digital economy.  Gumi Taps XRP To Expand Blockchain Business On Friday, August 29, Gumi sparked fresh interest and excitement in the crypto community after announcing its intention to purchase 2.5 billion yen (around $17 million) worth of XRP. The move, revealed on X social media, is part of the Japanese gaming company’s broader strategy to accelerate the growth of its blockchain business.  According to Gumi, the acquisition is not simply an investment but a calculated step to integrate into the XRP ecosystem , which has been gaining momentum as a cornerstone in cross-border payments and liquidity solutions. The decision also ali...

FinCEN on Thursday put banks and other financial firms on notice about a sprawling set of Chinese crypto and money laundering networks, saying they play a major role in moving illicit funds tied to Mexico-based drug cartels and other crimes. According to the Treasury agency, the warning comes with both an Advisory and a Financial Trend Analysis that outline how the networks work and where banks should look for trouble. Large Numbers And Red Flags FinCEN reviewed 137,153 Bank Secrecy Act reports filed between January 2020 and December 2024, linked to suspected activity by these networks. Those filings covered about $312 billion in suspicious transactions. Banks also flagged 17,389 reports tied to the real estate sector, representing more than $53.7 billion in suspected activity. The agency says those figures show the problem is widespread and touches many parts of the US financial system. FinCEN has issued an Advisory and Financial Trend Analysis raising the alarm on Chinese mon...

Solana’s Rust validator client Agave has matched Firedancer’s lab record, briefly peaking at 1.1 million transactions per second in a synthetic, single-node benchmark. The result was disclosed by Solana core engineer Andrew Fitzgerald, who wrote : “Hit a burst of 1.1m TPS on agave this morning. Single-node synthetic test with simple transfers. On a branch with several changes not yet merged,” before listing PoH recording and status-cache improvements alongside new “scheduler-bindings,” with block/shred limits disabled for the run. Pressed on caveats, Fitzgerald added a plain-English qualifier: “disabled block/shred limits, and it’s a burst not sustained. have several long-term perf improvements squashed on top of scheduler-bindings to make this happen.” The exchange underscored that this is a laboratory datapoint, not a network-wide throughput number. Solana’s Core Client Smashes 1.1M TPS The milestone immediately fed a broader narrative about client-level competition on Solana. Hel...

Ripple Swell 2025 is fast approaching, even as members of the XRP community look forward to the bullish announcements that could come at the conference. The crypto firm also unveiled featured speakers at the event, including its executives Brad Garlinghouse and Chris Larsen. Details About The Ripple Swell 2025 Ripple has announced that the Swell event will take place in New York from November 4 to 5. Featured speakers include Ripple CEO Brad Garlinghouse, Co-founder Chris Larsen , President Monica Long, Nasdaq’s Chair Adena Friedman, and renowned chef José Andrés. Executives from BlackRock, Fidelity, Bitwise, Citi, CME Group, and Franklin Templeton are also set to speak at the event.  The Ripple Swell event will cover several topics that touch on the firm’s customers, team members, and industry thought leaders, as well as how financial institutions and businesses are leveraging cryptocurrency and blockchain technology. These topics will include tokenization , payments, regiona...

A Solana treasury is becoming one of the fastest-growing crypto treasuries among big corporation s, which sees the network’s robust performance and potential to revolutionize the blockchain sector. Presently, the idea is getting a major push from DeFi Development Corp, which has purchased a notable amount of SOL into its crypto treasury.  Solana Treasury Companies Are Not Slowing Down In a bullish development, DeFi Development Corp is doubling down on Solana , as the company constantly acquires the leading altcoin. Recent reports reveal that the firm has made another strategic buy to bolster its SOL treasury , pushing its aim to become the largest company holding the altcoin. According to the report shared on the social media platform X, DeFi Dev Corp purchased 407,247 SOL at an average price of $188.68, resulting in a total value of approximately $ 76.8 million at the current price. Following this massive accumulation, the company’s treasury now holds 1,831,011 SOL, worth arou...

A video clip from a Detroit event has been stirring discussion across social media platforms, showing Grammy-nominated rapper Big Sean urging his audience to take a chance on cryptocurrencies. The moment occurred at the Stand With Crypto event in Michigan for its digital asset community, where Big Sean delivered an energetic show.  However, a call from Big Sean himself to invest in Bitcoin, Ethereum, and Ripple captured even more attention among attendees. A Clear Message From American Rap Star Big Sean The video, now making rounds on X , TikTok, Instagram, and YouTube, shows Big Sean addressing the crowd in direct terms. “It’s not too late. Invest in crypto right now. Tonight, if you can. Do that tonight; you’re going to get a return from it. Bitcoin is a good one, Ethereum, Ripple. Invest in that shit, I’m telling y’all right now. This is a free flip. Do it tonight; it’s about to go up,” he said.  His words drew loud reactions from the audience, many of whom cheered as ...

Ripple has just scored a significant victory in Asia as one of China’s most prominent financial technology companies makes a big move. The partnership adds to Ripple’s momentum in Asia as Linklogis, a well-known fintech powerhouse, has announced it will move its trillion-dollar supply chain finance platform to the XRP Ledger (XRPL).   Linklogis Moves Trillion-Dollar Finance Platform To XRPL WhaleWire, a popular crypto monitoring account, announced on X that Linklogis has selected the XRP Ledger to support its extensive supply chain finance ecosystem. The company operates a trillion-dollar platform and is now moving these operations onto XRPL. WhaleWire states that XRPL powering real-world assets, global payments, and trade finance is a victory for XRP . The scale of Linklogis’ operations is already massive. In 2024, the platform processed RMB 20.7 billion, equivalent to approximately $2.9 billion, in cross-border assets across 27 countries. Handling flows at this size requires ...

Ethereum has faced heightened volatility after setting new all-time highs, with the price retracing to lower levels in recent sessions. The sharp swings have tested investor sentiment, but beneath the surface, institutional demand and whale accumulation continue to tell a different story. Despite the pullbacks, big players are buying Ethereum aggressively, signaling confidence in its long-term trajectory. Data from Lookonchain confirms this trend, revealing that whales and institutions have been steadily adding ETH to their holdings at a rapid pace. This wave of accumulation stands in sharp contrast to the short-term price fluctuations, suggesting that well-capitalized investors view the current environment as an opportunity rather than a risk. Their activity provides a strong foundation for market stability and sets the stage for potential upside. Analysts argue that this institutional participation is only the beginning of a broader trend. With Ethereum cementing its role as the ba...

A crypto expert has claimed that XRP’s survival over the years was not because of Ripple Labs’ efforts but due to the loyalty of its community. The remarks highlight the role of the XRP army, a group of long-term holders and dedicated supporters who, despite frustrations, have played a decisive part in keeping the token afloat through years of legal disputes and market challenges.  Why Ripple’s XRP Survived All These Years XRP has become a topic of discussion within the crypto community due to its connection with Ripple and its dedicated army. A crypto market expert known as ‘Crypto Bitlord,’ took to X social media on Tuesday to highlight why XRP didn’t collapse years ago despite its controversial history.  According to him, the true reason behind XRP’s survival was the unwavering support of its community rather than Ripple itself. Crypto Bitlord explained that without the XRP army, Ripple would have failed years ago. He pointed out that from 2013 through 2021, the cryp...

XRP has entered a consolidation phase after setting fresh all-time highs in late July, with price action now testing the critical $3 level. Over the past several days, the token has struggled to establish firm support around $2.85, a zone that has become a key battleground for bulls and bears. Traders are closely watching whether XRP can stabilize here and build the foundation for another leg higher. Optimism remains alive among some analysts, who argue that the recent consolidation is merely a pause before the next breakout. They see XRP’s resilience near $3 as a sign that new highs could follow once momentum returns, potentially pushing the asset deeper into uncharted territory. Not all perspectives align with this bullish outlook. Analysts like Maartun point to troubling onchain signals, with data revealing that XRP whales are selling heavily during this consolidation. Such a distribution raises concerns that the market may lack the strong accumulation needed to sustain a long-te...

XRP has set a new record on the CME derivatives exchange, underscoring the demand for the altcoin. This comes as the crypto futures products on the exchange hit $30 billion in open interest (OI) for the first time ever.  XRP Becomes Fastest To Hit $1 Billion In Open Interest On CME In an X post , the CME Group revealed that its XRP futures products have crossed $1 billion in open interest , making it the fastest-ever contract to reach this milestone, having hit the mark in just over three months. The derivative exchange remarked that this is a huge sign of market maturity, with new capital entering the market.  This comes as the crypto futures on the CME exchange just surpassed $30 billion in notional open interest for the first time ever. Bitcoin and Ethereum boast open interests of over $16 billion and $10.5 billion, respectively, while XRP and SOL have crossed the $1 billion mark, indicating significant interest in these crypto assets.  Commenting on this develop...

MetaMask, the widely used self-custodial crypto wallet developed by Consensys, has introduced a new feature allowing users to create and manage wallets using their Google or Apple accounts. The announcement, made in a company blog post this week, marks a notable step in blending Web2 accessibility with Web3 infrastructure. How MetaMask’s Social Login Works Traditionally, managing a non-custodial wallet requires securing a 12-word Secret Recovery Phrase (SRP), a process that has often been a barrier for new users. MetaMask’s latest “Social login” feature aims to streamline this by letting users sign in with their social credentials, set up a secure password, and have their SRP automatically generated in the background. According to the company, the SRP can later be retrieved using the same social account and password combination. However, users are cautioned that losing the password will result in permanent loss of access, as no third party, including MetaMask, can recover it. T...

Ethereum has entered a volatile phase after breaking its 2021 all-time highs last week, sparking both excitement and caution across the market. After the surge, ETH retraced and tested critical demand levels, where buyers stepped in to defend support. Bulls are showing resilience, with analysts pointing to the possibility of Ethereum rallying past $5,000 in the near term. Still, the risks of a deeper correction weigh heavily, fueling uncertainty among traders and investors. Fear is beginning to creep into sentiment, as some wonder if Ethereum’s rally is sustainable or if another pullback is on the horizon. Yet in this environment, one undeniable trend stands out: whales are accumulating. Arkham Intelligence revealed that nine whale addresses collectively purchased around $450 million worth of Ethereum yesterday alone, signaling confidence from the largest market participants. This wave of accumulation highlights how deep-pocketed investors are taking advantage of retracements, poten...

CME Group said late Monday that its crypto futures complex topped $30 billion in notional open interest for the first time, with a duo of products—SOL and XRP futures—each crossing $1 billion in open interest. In the same post , CME underscored that XRP futures were the “fastest-ever” contract on the venue to clear the $1 billion mark, doing so in just over three months—meaning faster than the exchange’s long-standing bitcoin and ether listings. XRP Outpaces BTC And ETH The acceleration is measurable. Four days earlier, CME flagged “a new record for XRP futures,” noting an all-time high in open interest of more than 6,000 contracts on August 18 and publishing a three-month recap: 251,000-plus contracts traded, $9.02 billion in notional volume (about $143.2 million ADV), and roughly 12.0 million tokens equivalent. Those figures, dated as of August 18, suggest sustained participation rather than a single-session spike. Timing helps explain the velocity. CME announced on April 24 that ...

Crypto analyst Pumpius has declared that XRP goes beyond just payments and that those thinking of it as just that way don’t know what is coming. He then highlighted the “blueprint of a multi-trillion dollar upgrade,” which is why he believes the altcoin can reach $10,000.  Why XRP Can Hit $10,000 As Its Utility Expands Beyond Payments In an X post , Pumpius stated that the world is moving to digital ID and indicated that XRP can play a huge role in this innovation. He explained that governments, banks, and big tech all admit that everyone will need this digital ID to transact in the coming system. The crypto analyst further remarked that this identity isn’t just a passport or driver’s license, but that the ultimate ID will be one’s biology.  Pumpius claimed that biometric identity and generic data are being positioned as the next “trust layer” of finance. He said that this is because they are unique, immutable, and unforgeable, making them the perfect keys for digital com...

The Bitcoin and cryptocurrency market is facing heightened volatility as U.S. President Donald Trump escalates his battle with the Federal Reserve. Trump’s unprecedented move to ‘fire’ Fed Governor Lisa Cook, paired with growing friction with Fed Chair Jerome Powell, has rattled investor confidence and triggered a broad sell-off in risk assets, including Bitcoin and Ethereum. The Trump – Powell Fallout Markets had initially welcomed Powell’s dovish hints at the Jackson Hole symposium , where he suggested the Fed may be closer to easing its restrictive monetary policy. However, optimism quickly faded as Trump pressed for more aggressive rate cuts and attempted to remove a sitting Fed governor, an act widely seen as undermining central bank independence. The fallout was immediate. Bitcoin (BTC), which had surged past $117,000 after Powell’s remarks, dropped below the key $111,000 level and is now trading more than 12% off its mid-August all-time high. Ethereum (ETH) slid over 5% o...

Ethereum is holding steady above the $4,400 mark after a weekend surge that briefly carried it to fresh all-time highs. The rally, fueled by strong institutional demand and broader market optimism, has been tempered over the past two days as the price retraced to test lower levels. Despite the pullback, ETH remains one of the most closely watched assets in the market, with bulls and bears both eyeing the next decisive move. Analysts are divided. Some argue that ETH’s ability to maintain support above $4,400 signals resilience and a potential setup for another rally toward $5,000. Others, however, see warning signs of buying exhaustion and raise concerns of a deeper correction if market sentiment shifts. Adding to the intrigue, blockchain analytics firm Lookonchain revealed that Bitmine, Ethereum’s largest corporate holder, bought another 4,871 ETH worth $21.28M just 12 hours ago. This brings Bitmine’s total holdings to staggering levels, reaffirming the narrative of large-scale insti...