Spain blocks Polymarket and Kalshi while probing whether the prediction 
markets operated without required gambling licenses.
The post Spain blocks Polymarket and Kalshi over unlicensed prediction markets 
appeared first on Crypto Briefing.

Spain blocks Polymarket and Kalshi while probing whether the prediction markets operated without required gambling licenses. The post Spain blocks Polymarket and Kalshi over unlicensed prediction markets appeared first on Crypto Briefing.

Spain blocks Polymarket and Kalshi over unlicensed prediction markets

XRP is gradually redefining how value is assessed in the crypto market, as its 
utility-focused narrative continues to expand beyond simple market cap 
comparisons. While some assets are judged primarily on speculative valuation, 
XRP’s role within the global payments infrastructure introduces a different 
framework centered on efficiency, liquidity, and real-world usage. How 
Institutional Payment Flows Could Shape XRP Demand XRP should be viewed less 
as a traditional cryptocurrency and more as a digital commodity designed to 
facilitate liquidity across global financial networks. According to CharuSan, 
market capitalization is a stock metric that fails to capture the true role of 
XRP as an institutional bridge asset powering global value transfer and 
liquidity pool. Related Reading: XRP Whales Accused Of Manipulating Liquidity 
In Major Market Move As adoption expands across banks, foreign exchange (FX) 
markets, and clearing institutions such as the Depository Trust and Clearing 
Corporation (DTCC), Nostro and Vostro accounts, and others, are beginning to 
use XRP at scale. Thus, the price will be calculated based on the supply 
within Ripple payments (ODL). Currently, it is being calculated through the 
available effective liquidity, not just the circulating supply alone. CharuSan 
explains that transaction velocity alone cannot replace liquidity depth, 
particularly when multiple institutions are processing larger simultaneous 
volumes of global transactions. Furthermore, velocity has limits. Even in an 
optimized system, 1 XRP can realistically circulate a maximum of 10 times per 
day. XRP is designed for deep liquidity pools and enables high-value unit 
capacity, which is required to eliminate slippage and neutralize volatility 
risk for banks during high-value transfers. Trump’s Fintech Order Sparks New 
Optimism For XRP Adoption A recent fintech-focused executive order from 
President Donald Trump could represent a significant development for the 
broader digital asset industry and potentially for XRP’s long-term utility. A 
crypto analyst known as BankXRP on X stated that by instructing the Federal 
Reserve (Fed) to evaluate granting crypto firms direct access to US payment 
infrastructure, the policy introduces a pathway for blockchain companies like 
Ripple to integrate directly with the traditional financial system. Related 
Reading: XRP’s Recent Strategic Setup Could Mark The End For Bears – Crypto 
Analyst Says Thus, this administration could be transformational for Ripple, 
allowing it to access Fed payment rails to bypass legacy banking 
intermediaries entirely. For the XRP ecosystem, the result would likely be 
faster settlement speeds, lower institutional transaction costs, and direct 
access to Fed master accounts. BankXRP argues that if this review is 
successful, such a shift could elevate XRP’s role from a largely speculative 
asset to a regulated financial instrument embedded within global payment 
networks and a foundational pillar of international commerce. Analyst Skipper 
has updated that Ripple has reportedly reached a significant milestone by 
securing a banking license. The report suggests that the move has helped 
elevate Ripple&#8217;s valuation above $120 billion, reaffirming its position as a 
major financial infrastructure company tied to the XRP ecosystem. Featured 
image from Adobe Stock, chart from Tradingview.com

XRP is gradually redefining how value is assessed in the crypto market, as its utility-focused narrative continues to expand beyond simple market cap comparisons. While some assets are judged primarily on speculative valuation, XRP’s role within the global payments infrastructure introduces a different framework centered on efficiency, liquidity, and real-world usage. How Institutional Payment Flows &#8230;

XRP’s Utility Narrative Extends Beyond Conventional Market Cap Metrics

Optimism’s OP mainnet has begun a four-week experiment that lets users boost 
transaction priority by staking at least 100,000 OP, marking the first time 
its sequencer has deviated from pure gas-fee ordering. According to an 
official announcement from Optimism, OP…

Optimism’s OP mainnet has begun a four-week experiment that lets users boost transaction priority by staking at least 100,000 OP, marking the first time its sequencer has deviated from pure gas-fee ordering. According to an official announcement from Optimism, OP…

Optimism tests stake-based gas priority on OP mainnet

The odds of the CLARITY Act becoming law this year are fading, according to TD 
Cowen, even after the bill cleared key legislative hurdles in the Senate. 
While the measure successfully passed through the Senate Agriculture Committee 
and the Senate Banking Committee, a full Senate vote—and the final approval 
needed to send the bill to the finish line—now looks increasingly unlikely 
before year’s end. CLARITY Act Momentum Hits New Wall TD Cowen managing 
director Jaret Seiberg, writing in a Tuesday note from the firm’s Washington 
Research Group, said his team remains pessimistic that the CLARITY Act will be 
enacted this year. In his view, the main challenge is political: whether 
Democrats can support the bill if it includes provisions aimed at addressing 
presidential conflicts of interest. Related Reading: Ethereum Price Roadmap 
For The Rest Of 2026: Bull, Base, And Bear Scenarios Unpacked At the same 
time, Seiberg warned that Republicans could become more reluctant to advance 
the legislation if doing so requires them to vote against amendments intended 
to target or respond to Trump-related concerns. Seiberg said the progress in 
the Senate Banking Committee earlier this month does not necessarily signal a 
broad agreement across parties. Although the committee advanced the bill 
despite objections from Democrats and banks, he described that outcome as 
shifting the fight to the full Senate rather than resolving the underlying 
disputes. Seiberg also pointed to several Trump-related developments he says 
are making the political environment tougher for the CLARITY Act. One driver, 
he noted, is a legal case involving the Internal Revenue Service (IRS) that 
has already been resolved. Washington Tensions Rise The dispute resulted in 
the creation of a $1.776 billion anti-weaponization fund and permanently bars 
the IRS from auditing past tax returns for Trump, his family, and related 
companies. Seiberg’s takeaway is that the fallout from that dispute is likely 
to further raise the temperature in Washington, making it harder to find 
consensus on legislation like the already delayed CLARITY Act. Seiberg also 
cited a recent New York Times investigative report alleging that prediction 
markets and crypto-related interests may have influenced efforts aimed at the 
Commodity Futures Trading Commission (CFTC). He stressed that, as of his note, 
the claims have not been confirmed. Still, he pointed to a response from CFTC 
Chair Michael Selig, who told the New York Times that the agency is focused on 
major wrongdoing and is not “playing favorites.” Related Reading: XRP, ETH, 
SOL, LINK Look Cheap—The Catalysts That Could Drive The Next Leg Up Another 
factor cited in the TD Cowen note involves government financial disclosures 
released earlier this month. Those reports indicated that roughly 3,600 stock 
trades were executed on Trump’s behalf during the first three months of 2026. 
Seiberg argued that the surrounding controversy makes it more likely that 
lawmakers choose delay over action—especially as the midterm election 
approaches and the political calendar narrows the window for additional 
postponements. Featured image created with OpenArt; chart from TradingView.com

The odds of the CLARITY Act becoming law this year are fading, according to TD Cowen, even after the bill cleared key legislative hurdles in the Senate. While the measure successfully passed through the Senate Agriculture Committee and the Senate Banking Committee, a full Senate vote—and the final approval needed to send the bill to &#8230;

CLARITY Act Clock Ticks Down: TD Cowen Says 2026 Passage Looks Less Likely–Here’s Why

The UK&#8217;s unprecedented sanctions on HTX highlight a growing regulatory 
willingness to target major crypto exchanges, impacting global market 
dynamics.
The post U.K. sanctions HTX over suspected ties to Russian crypto operations 
appeared first on Crypto Briefing.

The UK&#8217;s unprecedented sanctions on HTX highlight a growing regulatory willingness to target major crypto exchanges, impacting global market dynamics. The post U.K. sanctions HTX over suspected ties to Russian crypto operations appeared first on Crypto Briefing.

U.K. sanctions HTX over suspected ties to Russian crypto operations

The Smarter Web Company has increased its Bitcoin holdings after buying 
another 10 BTC, adding to its growing treasury strategy. The Smarter Web 
Company said in a May 26 disclosure that it purchased 10 Bitcoin at an average 
price of…

The Smarter Web Company has increased its Bitcoin holdings after buying another 10 BTC, adding to its growing treasury strategy. The Smarter Web Company said in a May 26 disclosure that it purchased 10 Bitcoin at an average price of…

Spain blocks Polymarket and Kalshi over unlicensed prediction markets

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