Centrifuge partners with S&amp;P Dow Jones Indices to launch the first tokenized S&amp;P 500 Index fund, enabling programmable onchain index-tracking products.

Centrifuge brings S&P 500 onchain in tokenized fund launch

Paxos launches the Global Dollar stablecoin in the EU, claiming MiCA 
compliance and support from Kraken, Robinhood and Mastercard under the GDN 
initiative.

Kraken, Robinhood-backed MiCA-compliant Global Dollar stablecoin lands in EU

XRP has slipped the leash that has restrained it since the mid-January peak at 
$3.40, with the latest weekly candle closing a fraction above the descending 
trend-line that has defined the upper boundary of its six month trendline. At 
press time the token is quoting $2.22 on major spot venues, having tagged an 
intraday high of $2.31 a few hours after the weekly open. XRP Flashes Triple 
Breakout The technical alignment behind today’s move is unusually tight. The 
price itself has edged through trend-line resistance traced from the 16 
January swing high, but the same behaviour is evident beneath the surface. On 
the momentum pane the weekly relative-strength index, muted since late March, 
has poked above its own falling resistance line at 54, ending a sequence of 
lower RSI highs that mirrored each failed rally in price. A similar story is 
unfolding on the WaveTrend Oscillator: the fast and slow signal lines have 
curled upward and printed a tentative positive cross just below the zero-line. 
Taken together, the trifecta—price above pennant roof, RSI above trend-line, 
WTO signals turning—constitutes what technicians refer to as confluence: three 
independent tools broadcasting the same directional bias on the same 
timeframe. The only missing ingredient is conviction in volume. Seasoned 
chart-watchers will want to see that metric expand in the coming sessions to 
validate the move. Related Reading: Analyst Reveals Rational Behind XRP Price 
Reaching $9.5 And $37.5 Independent analyst Maelius (@MaeliusCrypto), who 
posted the chart that first drew the community’s attention, summed up the 
state of play in a single line: “XRP teasing us with a breakout! Asking for 
volume to follow!” The plea is well-placed. Trendline resolutions that lack a 
parallel surge in activity are prone to fail-back tests; a decisive influx of 
bids is required to flip the freshly conquered trend-line into reliable 
support. Support for the bullish case is also visible on slower-moving gauges. 
The 50-week exponential moving average now rises through $1.84, its steepest 
positive slope in more than two years, and the current candle sits comfortably 
above that long-term trend proxy. Related Reading: Wave 3 Ignites As XRP 
Breaks Structure—Analyst Says ‘Fireworks Ahead’ Should the breakout hold and 
attract the liquidity Maelius is watching for, classical chart theory projects 
an initial objective near the midpoint of January’s supply shelf around $3.00. 
A weekly close back beneath the trend-line, by contrast, would neutralise the 
pattern and expose the high-volume node at the demand zone near $2.0 and the 
$1.84 price tag if bears regain momentum. For now the market is balanced on 
the knife-edge between promise and proof. Price, RSI and WTO have all stepped 
over their respective fault lines; only the tape itself remains to confirm 
that traders are prepared to follow through. Whether this triple breakout 
marks the beginning of XRP’s next leg higher—or merely another feint within a 
larger consolidation—will be determined in the sessions ahead. At press time, 
XRP traded at $2.21. Featured image created with DALL.E, chart from 
TradingView.com

XRP Breaks Out Across The Board—But One Thing’s Missing

The Blockchain Group (Euronext Paris: ALTBG) has announced the acquisition of 
60 bitcoin for approximately €5.5 million (about $6.5 million), bringing its 
total holdings to 1,788 BTC, valued at around €161.3 million ($189.5 million). 
The company reported a year-to-date bitcoin yield of 1,270.7%, with a BTC gain 
of 508.3 BTC and a corresponding € gain […]

The Blockchain Group Confirms Acquisition of 60 BTC, Total Holdings Reach 1,788 BTC

Connecticut&#8217;s crypto ban may limit innovation in digital finance, contrasting 
with states exploring crypto reserves, impacting future tech adoption.
The post Connecticut governor signs law blocking state from establishing 
Bitcoin, crypto reserves appeared first on Crypto Briefing.

Connecticut governor signs law blocking state from establishing Bitcoin, crypto reserves

Bitcoin price hovers near $107,000 as the benchmark digital asset signals 
further consolidation following a largely positive run from lows of $84k seen 
in April. Bitfinex analysts, sharing their outlook for Bitcoin (BTC) in the 
next quarter, say the struggle…