Fresh spot bitcoin exchange-traded fund (ETF) numbers show Blackrock’s IBIT has hit a major milestone—after pulling in $164.64 million in inflows on Monday, the fund now holds a massive 700,000 BTC. Blackrock’s Ishares Bitcoin Trust (IBIT) just crossed a significant threshold, holding more than 700,000 BTC, worth roughly $76 billion. That puts IBIT at the […]

IBIT Hits 700,000 BTC—Blackrock’s Grip on Bitcoin Tightens

Stocks were mixed, with Dow Jones seeing losses amid ongoing concerns over the 
trade war.

Dow Jones loses 100 points as markets eye Trump’s tariff moves

CoreWeave agreed to purchase Core Scientific in an all-stock deal valued at $9 
billion.

CoreWeave’s Core Scientific acquisition sparks analyst doubts as stock dips

Sonic crypto has remained suppressed near its yearly lows after failing to 
reclaim key levels, with bearish momentum continuing to dominate. However, the 
chart structure suggests that if support holds and volume returns, a reversal 
could be in play. Over…

Sonic crypto battles yearly lows: can price trigger a market reversal?

Ripple’s dollar-pegged stablecoin, Ripple USD (RLUSD), has spent the past six 
months quietly becoming one of the fastest-growing assets in the $160 billion 
stable-value sector, even though almost all of its issuance still sits on a 
rival network, not the XRP Ledger. That dichotomy—95 percent of the $455 
million supply now lives on Ethereum—was the starting point for a lively 
weekend exchange on X between XRP pundit “Crypto Eri” and sceptics who 
questioned whether Ripple’s plans would ever benefit the XRP Ledger (XRPL) 
itself. XRP’s Hidden Advantage? “Ripple is a long-game player,” Eri wrote. 
“Its public statements to integrate smart contracts on the mainnet will 
eventually position RLUSD on XRPL as a more competitive stablecoin, with 
faster and cheaper settlements than Ethereum.” The remark landed just days 
after Ripple switched on its EVM-compatible sidechain, bringing full Ethereum- 
style smart-contract functionality to XRPL on 30 June 2025. More than 1,400 
contracts were deployed in the first week, according to developer telemetry, 
and the bridge is already live to 80 other chains through Axelar. Related 
Reading: XRP Set To Shock The Crypto Market With 30% Share, Analyst Predicts 
On-chain data underscore the stakes. RLUSD’s circulating supply rose by 47 
percent in June alone to $455 million, the fastest pace among major 
stablecoins, with roughly $390 million now native to Ethereum after a four- 
fold expansion since January. Only about $65 million remains on XRPL. That 
imbalance prompted one user to tell Eri that RLUSD’s utility “impacts ETH more 
than XRP.” She conceded the point—“correct, for now”—but argued demand would 
migrate once XRPL’s programmability and liquidity deepen. Ripple’s strategy 
hinges on more than code. On 2 June the company applied to the US Office of 
the Comptroller of the Currency for a national trust-bank charter. A parallel 
filing by its subsidiary, Standard Custody &amp; Trust, seeks a Federal Reserve 
master account so that RLUSD reserves can eventually sit at the central bank 
rather than a correspondent institution. The timing aligns with the pending 
GENIUS Act, bipartisan legislation that for the first time would impose a 
single federal regime on payment-stablecoin issuers. While the bill’s $10 
billion-asset threshold means RLUSD could remain under New York oversight for 
now, the application positions Ripple to graduate into federal supervision 
voluntarily—a move CEO Brad Garlinghouse has called a “new (and unique!) 
benchmark for trust in the stablecoin market.” Eri underscored the charter 
angle in her post: “The national banking license application, aligned with the 
GENIUS Act, secures a Federal Reserve master account … enhancing trust, 
expanding crypto financial and payment services, and removing the patchwork of 
state licenses, enabling continued scalability at lower cost.” Related 
Reading: XRP Price Risks Breakdown To Next Support Level, Why $2.28 Is 
Important If the charter is granted and RLUSD begins to migrate on-demand to 
XRPL, two flywheels favor the native token, analysts say. First, RLUSD 
remittances on XRPL would pay transaction fees in XRP, turning every dollar of 
stablecoin volume into incremental demand for the asset Ripple still holds in 
large quantities. Second, the EVM sidechain lets decentralized-finance 
builders tap RLUSD liquidity without leaving XRP’s low-cost consensus layer, 
potentially reversing the flow of users and liquidity that has so far moved 
toward Ethereum. “These calculated steps in the $$$$$-dollar stablecoin market 
give the digital asset XRP enormous potential, but require more time to 
unfold,” Eri argues. For now, RLUSD’s growth is still driven by Ethereum’s 
DeFi economy, and sceptics like user “sammie” insist “it’s always going to be 
like this.” Eri’s final reply was succinct: “Let’s see. I know we’ll be 
touching base often!” That brevity captures both the promise and the 
uncertainty ahead. Technical rails are in place; regulatory applications are 
filed. Whether capital, compliance, and market demand will converge quickly 
enough to shift billions of RLUSD onto XRPL—and in turn lift XRP’s 
utility—remains the multi-billion-dollar question. At press time, XRP traded 
at $2.27. Featured image created with DALL.E, chart from TradingView.com

Pundit Explains Why XRP Stands To Gain Big From Ripple’s RLUSD

Yorkville America Digital, LLC, in partnership with Trump Media &amp; Technology 
Group (TMTG) – the company behind President Donald Trump’s “free speech” 
social media platform Truth Social – has filed an S-1 registration statement 
with the U.S. Securities and Exchange Commission (SEC) to launch the Truth 
Social Crypto Blue Chip exchange-traded fund (ETF). Yorkville and […]