Somnia’s new USDso stablecoin, issued by Frax Finance and backed by tokenized 
Treasuries, routes reserve yield back into Somnia’s high-throughput DeFi 
ecosystem. How USDso is structured on Somnia Somnia, a high-throughput L1 
developed with Improbable and the Somnia Foundation, has…

Somnia taps Frax to launch USDso stablecoin for high-frequency DeFi

US sanctions on Iranian exchanges could heighten geopolitical tensions, 
potentially disrupting oil markets and impacting global trade dynamics.
The post US sanctions Iranian currency exchanges, impacting oil trade with 
China appeared first on Crypto Briefing.

US sanctions Iranian currency exchanges, impacting oil trade with China

Elastics, which describes itself as an “AI predictive market operating 
system,” announced it has raised $2 million in an oversubscribed pre-seed 
round led by early-stage investor Frst. Frst leads oversubscribed round into 
Elastics According to details shared by Menlo Times…

Elastics raises $2M pre-seed to build AI OS for prediction markets

Pi Network price is hovering near the $0.18 mark, holding steady despite 
recent volatility as a mix of event-driven catalysts and improving technical 
structure builds a case for a push toward the $0.20 resistance. According to 
data from crypto.news, Pi…

Three reasons why Pi Network price eyes break above $0.20 soon

XRP has never lacked lofty price targets, but the latest comments around a 
possible move to $10,000 have led to a direct response from one of the most 
familiar voices in the Ripple ecosystem. David Schwartz, Ripple’s former chief 
technology officer and one of the original architects of the XRP Ledger, has 
pushed back against the idea by pointing to a simple market question. 
According to him, if serious capital truly believed in even a small chance of 
that outcome, why is XRP still trading at its current level? David Schwartz 
Challenges The $10,000 XRP Predictions The XRP community has long been home to 
some of the most ambitious price forecasts in crypto. Numbers like $10,000, 
$20,000, and above circulate regularly on social media, often backed by the 
outlook of financial institutions adopting the XRP Ledger for facilitating 
payments. Related Reading: Does The Ethereum 300% Boost In Capacity Mean Price 
Can Rise 3x To $6,000? David Schwartz, who departed as Ripple CTO in December 
2025, addressed the $10,000 XRP prediction head-on during a discussion on X 
earlier this week. The motivation for Schwartz&#8217;s comments was a question from 
an X user who asked him to respond to valuation theories built around a crypto 
adaptation of analyst Chris Burniske&#8217;s equation of Price = PQ / (V × S). Some 
market commentators have used the model to support very high projections for 
digital assets, including XRP. According to Schwartz, if there were a few very 
rich and very rational people who really believed that there was a 1% chance 
that XRP could hit $10,000 in 10 years, then they would&#8217;ve bid XRP up to at 
least $20 today. A move to $20 would still be huge from XRP’s current level, 
but it is nowhere near $10,000. The Gag Order Claim At the time of writing, 
XRP is trading $1.41, with a market cap of $86.7 billion and a circulating 
supply of about 61.8 billion tokens. At $10,000 per XRP, that same circulating 
supply would imply a valuation around $618 trillion. Therefore, the point made 
by Schwartz is that even a remote chance of such a massive future price and 
market should already be attracting aggressive buying from large investors if 
it were credible. Related Reading: Bitcoin Price Expansion To $97,000 Is Only 
Being Blocked By One Pesky Retest The conversation did not stop at XRP price 
predictions. Schwartz also addressed suggestions that he may be restricted 
from speaking fully about XRP or Ripple. He noted that he has never signed any 
agreement that required him to lie, adding that he would choose silence or 
avoidance over giving an answer he did not believe was truthful and accurate. 
Schwartz also took aim at claims that Ripple holds an undisclosed mechanism 
that will one day be revealed and send the XRP price above $100. &#8220;For one 
thing, circumstances have changed so much that it&#8217;s hard to imagine we&#8217;ve held 
onto this magic switch for so long and it&#8217;s still just waiting to go,&#8221; he 
said. Interestingly, this is not the first time Schwartz has spoken against 
ultra-bullish XRP price predictions. Back in January, he pointed out that even 
a modest chance of XRP reaching $100 within a few years would already be 
reflected in its current price. Featured image from Dall.E, chart from 
TradingView.com

Ex-Ripple Exec Breaks Down The XRP To $10,000 Predictions, Is It Possible?

The escalation may lead to prolonged geopolitical instability, impacting 
global markets and increasing the likelihood of military conflict.
The post Iran attacks US Navy, UAE oil sites as Hormuz tensions escalate 
appeared first on Crypto Briefing.

Somnia taps Frax to launch USDso stablecoin for high-frequency DeFi

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