Cynthia Lummis said the CLARITY Act would protect DeFi developers as debate 
over Title 3 and money transmitter rules continues.

Cynthia Lummis says CLARITY Act would strengthen DeFi developer protections

Brad Garlinghouse said stablecoins may drive business crypto adoption as 
Ripple expands payments tools and backs clearer U.S. rules as well.

Ripple CEO says stablecoins could become business entry point for crypto

Spot Bitcoin ETFs see $296 million in weekly outflows after a month-long 
inflow streak, as macro uncertainty keeps capital sidelined.

Spot Bitcoin ETFs break 4-week inflow streak as capital avoids ‘directional risk’

A new European Central Bank (ECB) working paper finds that governance over 
major decentralized finance protocols is controlled by a narrow group of token 
holders, delegates, and centralized exchanges, raising hard questions about 
who can actually be held accountable. Top 100 Holders Control 80% of DeFi 
Governance Tokens, ECB Study Finds The working paper, ECB […]

ECB DeFi Governance Study: A16z Is Uniswap’s Top Voter, One-Third of Voters Unidentifiable

After failing to push past the critical short‑term resistance at $1.60 last 
week, XRP has slid about 8%, settling back into the $1.35–$1.40 trading range. 
Market analyst Sam Daodu says three connected problems explain why recent 
rallies have fizzled and what must change for a sustainable recovery. XRP 
Faces Resistance Until Bitcoin Clears $75,000 First, Bitcoin (BTC) dominance 
remains high. Daodu notes Bitcoin’s share of the crypto market has hovered 
around 58.6% for much of 2026 and stayed above 58% most of the time. 
Historically, broad altcoin rallies tend to begin when Bitcoin dominance falls 
below 50% and capital rotates from BTC into smaller tokens. That rotation has 
not occurred: institutions are not reallocating to altcoins but either leaving 
crypto or keeping funds in Bitcoin as a perceived safe haven. Daodu argues 
that unless Bitcoin decisively breaks and holds above $75,000, even XRP’s 
strong fundamentals are unlikely to move its price materially. Related 
Reading: MARA Holdings’ Bitcoin Sell-Off: 15,000 BTC Liquidated As Prices 
Crash Below $69,000 Second, large holders have been steadily taking profits 
since XRP hit $3.65 in July 2025. Daodu estimates roughly $6 billion in XRP 
has been sold by whales since that peak, and substantial volumes continue to 
flow onto exchanges. The expert identified that many of these whales 
originally bought below $0.65, so they are willing to sell into rallies to 
lock in gains, asserting that selling pressure keeps rallies short‑ lived. 
Third, a large portion of holders sits underwater, which creates persistent 
resistance near the current price. Glassnode data cited by Daodu shows 60% of 
circulating XRP is held at a cost basis above today’s levels; the average cost 
basis across holders is approximately $1.44. Because that average is nearly 
the center of XRP’s recent trading band, holders who have been losing money 
sell when price approaches breakeven, using $1.45 as a take‑profit level. ETFs 
Fail To Absorb Supply Daodu adds that even if XRP clears $1.45, further layers 
of selling are likely: positions across the $1.40–$3.65 range contain clusters 
of holders looking to return to breakeven or better, meaning upward moves tend 
to meet fresh supply. Exchange‑traded funds (ETFs) focused on XRP add another 
structural constraint. Total assets under management (AuM) fell from ITS 
January peak of $1.65 billion to about $1 billion as the token’s price 
declined. At the current inflow pace—roughly $1.9 million per week—ETFs would 
only add about $100 million by year‑end, a level Daodu argues is insufficient 
to meaningfully soak up supply. Is Regulatory Clarity The Key? Looking ahead, 
Daodu points to one potential catalyst that could change the dynamics: the 
long-awaited US crypto market structure bill, the CLARITY Act, which has faced 
significant opposition in recent months due to key provisions that have 
prevented its passage. If the bill becomes law and formally cements XRP’s 
status as a commodity, Daodu argues, it would reduce regulatory uncertainty 
and could unlock broader institutional adoption. That in turn might encourage 
banks to settle in XRP rather than relying on alternatives such as Ripple’s 
RLUSD stablecoin, creating the kind of demand pressure that could finally push 
the price out of its current range. Related Reading: NVIDIA Faces Class Action 
After Court OKs $1 Billion Crypto-Mining Revenue Claims – Stock Dips 7% In 
short, Daodu’s view is that XRP needs multiple things to shift at once: a 
change in capital flows away from Bitcoin, less selling from large holders, 
and materially larger ETF inflows—or a regulatory development that brings 
institutions on board. Until several of those factors move together, the 
analyst says, XRP rallies are likely to remain short‑lived and the token stuck 
near its recent trading band. Featured image from OpenArt, chart from 
TradingView.com

Cryptocurrency price in NOK