Bloomberg senior ETF analyst Eric Balchunas reported that the Bitcoin spot ETF 
iShares Bitcoin Trust (IBIT) has significantly outperformed the gold ETF SPDR 
Gold Shares (GLD) since March, outpacing it by roughly 33 percentage points in 
performance. According to Balchunas,…

Bitcoin ETF IBIT outpaces gold GLD by 33 points as $13B capital rotation accelerates

On Wednesday, bitcoin briefly plunged below $79,000 for the first time since 
May 4 as investors digested the latest producer price index data, which showed 
a sharp acceleration in wholesale inflation. Geopolitical Tensions and Macro 
Factors Bitcoin briefly plunged below $79,000 for the first time since May 4 
as investors digested the latest producer price […]

Bitcoin Slides Below $79K as $304M in Crypto Longs Vanish After PPI Shock

Crypto pundit Pumpius has highlighted how XRP is quietly taking over with 
several upgrades and features on the XRP Ledger (XRPL). In line with this, the 
pundit also declared that this year will be the altcoin’s best year yet as it 
“moves the world.” XRP Is Quietly Taking Over Institutional Finance In an X 
post, Pumpius stated that while everyone is chasing memes and hype, the real 
story is that the XRP Ledger plumbing is quietly taking over institutional 
finance. He noted that in just two quarters, five massive protocol upgrades 
have dropped, and this is only the beginning for the network. Related Reading: 
Can XRP Catch Up To SWIFT? This Latest ISO Is Changing The Game As for other 
bullish fundamentals for XRP, he noted that spot ETFs are launching while CME 
futures are hitting $1 billion in open interest. Pumpius also mentioned that 
Moody ’s-related Wall Street debt was issued on the XRPL and that Société 
Générale is integrating its digital euro on the network. Meanwhile, the pundit 
noted that the institutional stack is live on the XRP Ledger. This includes 
the native lending protocol, Permissioned DEX, token escrow, and native zero- 
knowledge (ZK) proof technology. These features enable institutional investors 
to trade in a compliant, regulated environment. Pumpius declared that the 
“quietest, strongest foundation in crypto” is now fully armed for trillions in 
real-world value. He added that 2025 was “noise” and that this year is when 
XRP actually moves the world. XRP treasury firm Evernorth also highlighted the 
growth the XRPL is seeing this year, with its institutional utility on the 
rise. The firm shared data showing that transactions on the XRP Ledger have 
grown from 43 million to 71 million over the last year, a 65% increase. The 
top drivers of these transactions are Bitstamp, Ripple, Justtoken, Braza Bank, 
and VERT. XRPL Validator Floats Idea Of Layer-2s On XRPL XRP Ledger validator 
Vet recently floated the idea of layer-2s inside the XRPL layer-1, which could 
boost the network’s efficiency. He noted that such a move will keep the XRPL 
mainnet minimal and only used for things such as self-custody, settlement, and 
hard finality for the layer-2. Related Reading: XRP At $21.5 Isn’t A Bet: Why 
This Analyst Says A Measured Move Is Coming Vet also explained that the new 
layer-2 will run at a much higher TPS with its own features, a potential 
derivatives exchange, and rollups state to layer-1. He further noted that this 
will enable smooth interoperability between the two layers by collapsing the 
idea of a sidechain into a single place and addressing liquidity fragmentation 
barriers. The XRPL validator admitted that there are still many issues to 
address. This includes memory bloat, network bandwidth usage, and timer 
contention, since both layers will run at different block speeds. At the time 
of writing, the XRP price is trading at around $1.45, down in the last 24 
hours, according to data from CoinMarketCap. Featured image from Peakpx, chart 
from Tradingview.com

XRP Is Quietly Taking Over And These Are The Things That Investors Keep Missing

In a recent podcast appearance, investor Ray Dalio argued that fiat currencies 
are unlikely to remain the dominant form of global money, framing the current 
financial system as part of a long-term “debt and monetary cycle” that is 
beginning to…

Legendary financier Ray Dalio says fiat dominance may fade as global monetary order fractures

The looming Knesset dissolution vote could trigger early elections, 
potentially reshaping Israel&#8217;s political landscape and Netanyahu&#8217;s future.
The post Knesset dissolution vote looms, threatening Netanyahu&#8217;s coalition 
stability appeared first on Crypto Briefing.

Knesset dissolution vote looms, threatening Netanyahu’s coalition stability

Warsh&#8217;s likely Fed Chair role signals potential shifts in U.S. monetary 
policy, impacting market expectations and economic strategies.
The post Kevin Warsh confirmed as Fed Governor, likely next Fed Chair appeared 
first on Crypto Briefing.

Bitcoin ETF IBIT outpaces gold GLD by 33 points as $13B capital rotation accelerates

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