Ethereum whale Garrett Jin moved 577,896 ETH worth $1.35 billion to Binance 
over four days, per Lookonchain. An Ethereum whale identified as Garrett Jin 
deposited all 577,896 ETH worth roughly $1.35 billion into Binance over four 
consecutive days, raising concerns…

Lookonchain flags Ethereum whale Binance selloff fears

XRP transaction volume on the XRP Ledger surged 65% over the past twelve 
months — from 43 million to 71 million transactions — setting a new record 
that a digital asset treasury firm argues reflects something far more 
significant than speculative activity: measurable, institutional-grade utility 
arriving quietly on the ledger while most of the market is watching price 
charts. Related Reading: Bitmine ETH Holdings Cross 5.2 Million—CEO Announces 
New Phase For Crypto Markets The data was shared by Evernorth (@evernorthxrp), 
a purpose-built digital asset treasury focused on XRP, in a post on X. The 
firm was pointed in its framing: speculative volume on a blockchain comes in 
bursts. What the XRPL is recording looks different — steady, programmatic, and 
tied to real businesses moving real money, according to the post. XRP Ledger 
sees massive increase in network utility driven by transactions from crypto 
exchanges and other institutional users. Source: evernorthxrp on X Who Is 
Actually Driving The XRP Volume The top drivers behind the 12-month 
transaction surge, per Evernorth&#8217;s analysis, span a notably diverse 
institutional base. Bitstamp, one of the world&#8217;s oldest regulated 
cryptocurrency exchanges, sits alongside RLUSD — Ripple&#8217;s US dollar stablecoin 
— as well as Justoken, Braza Bank, a Brazilian financial institution settling 
cross-border payments on the ledger, and VERT. Exchanges, stablecoin issuers, 
DeFi protocols, and a Latin American bank are all settling on the same 
infrastructure, the firm noted — a composition that signals demand 
distribution rather than concentration in a single use case. The Institutional 
Plumbing Most Investors Are Missing The transaction surge does not exist in 
isolation. In a separate blog post published May 8, Sagar Shah, Chief Business 
Officer at Evernorth, laid out what he described as the most under-discussed 
XRP story of 2026 — a series of protocol-level upgrades that have quietly 
built the compliance and settlement infrastructure that regulated capital 
requires before committing to a public blockchain. The upgrades, shipped 
across a six-month window, include Multi-Purpose Tokens with compliance rules 
embedded directly into the token itself, per the XLS-33 standard activated in 
October 2025. Permissioned Domains went live in February 2026, enabling banks 
to establish closed on-chain environments where every participating wallet has 
been KYC&#8217;d and credentialed. Token Escrow followed days later — delivering on- 
chain Delivery-versus-Payment settlement, the standard that backs trillions of 
dollars of traditional securities trades daily, according to the Evernorth 
post. A Permissioned DEX, functioning as the on-chain equivalent of a 
regulated dark pool, completed the settlement layer. A native zero-knowledge 
proof verifier, developed by Boundless and XRPL Commons and currently live on 
testnet, adds a programmable privacy layer that allows institutions to settle 
large trades on a public blockchain without broadcasting transaction details 
to competitors, per the post. Institutional Access Has Been Compounding The 
protocol upgrades are running in parallel with a growing institutional access 
stack, per Evernorth&#8217;s analysis. CME Group launched XRP futures in May 2025, 
with open interest crossing $1 billion within three months — the fastest any 
CME crypto contract has reached that threshold. Guggenheim issued tokenized 
commercial paper directly on XRPL in June 2025, backed by US Treasuries and 
rated Prime-1 by Moody&#8217;s, with over $280 million in volume. Société Générale, 
a European bank managing approximately $1.8 trillion in assets, chose XRPL as 
one of only three public blockchains to host its EU-regulated euro stablecoin, 
which went live in February 2026. Five US spot XRP ETFs launched between 
November and December 2025, with inflows crossing $1 billion by mid-December — 
the fastest institutional adoption of any digital asset since Ethereum&#8217;s ETF 
launch, according to the Evernorth blog. Two additional protocol primitives 
currently in development — a native lending protocol and Smart Escrows 
combining zero-knowledge proofs with conditional settlement — are expected to 
complete what Evernorth describes as a full financial system on the ledger, 
covering treasury management, prime brokerage, and programmatic credit. This 
development marks a pivotal juncture for XRP in the current market cycle. A 
65% surge in on-chain transactions driven by exchanges, stablecoin issuers, 
and institutional banks settling on the same ledger is the kind of structural 
demand signal that typically precedes sustained price appreciation in the 
nascent sector — not because of speculation, but because the infrastructure 
underpinning real utility is quietly becoming impossible to ignore. Related 
Reading: Something Shocking Just Happened To The XRP Price, Analysts Are Using 
It To Make A Bold Prediction As of this writing, XRP trades at around $1.4, 
consolidating above key support as the institutional buildout that analysts 
like Evernorth have been tracking continues to compound beneath the price 
chart. XRP&#8217;s price sees small losses on the daily chart. Source: XRPUSD on 
Tradingview Cover image from Grok, XRPUSD Chart from Tradingview

Key XRP Metric Skyrockets 65% In Record Time, Why It Could Change Everything For Buyers

The FTC&#8217;s action signals increased regulatory scrutiny on tech giants, 
potentially reshaping compliance norms and privacy safeguards industry-wide.
The post FTC sends compliance letters to Amazon, Alphabet, and Apple over Take 
It Down Act appeared first on Crypto Briefing.

FTC sends compliance letters to Amazon, Alphabet, and Apple over Take It Down Act

Trump&#8217;s aggressive Iran policy heightens geopolitical tensions, reducing 
prospects for regional peace and impacting global oil markets.
The post Trump&#8217;s Iran stance dims Israel-Iran peace deal prospects by June 
2026 appeared first on Crypto Briefing.

Trump’s Iran stance dims Israel-Iran peace deal prospects by June 2026

The collaboration between Dell and Nvidia could accelerate AI adoption in 
enterprises, reshaping data infrastructure and computing strategies.
The post Dell Technologies World to feature keynote by CEOs of Dell and Nvidia 
on May 18 appeared first on Crypto Briefing.

Dell Technologies World to feature keynote by CEOs of Dell and Nvidia on May 18

Increased scrutiny on crypto transactions may elevate compliance costs and 
operational challenges for banks, impacting global financial flows.
The post US urges banks to report suspected Iranian money laundering tied to 
crypto networks appeared first on Crypto Briefing.

Lookonchain flags Ethereum whale Binance selloff fears

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