Nasdaq and S&amp;P 500 are approaching record levels, ahead of a week of tech earnings reports.

Wall Street rallies as AI hype meets earnings reality

XRP is making headlines once again as its network records a dramatic surge, 
surpassing $1 billion in daily transfer volume for the first time in over a 
month. The spike comes on the heels of a powerful price rally, with possible 
signs that large holders, also called whales, may be playing a key role in 
driving the cryptocurrency’s next leg. XRP Transactions Hit Major Highs The 
XRP network is showing renewed strength and growth as transaction volumes have 
skyrocketed to over $1.07 billion. This spike follows a massive 67% rally in 
the digital asset’s price, which climbed above $3.5 earlier this month after a 
long period of consolidation. This impressive price surge marks one of the 
most aggressive upward moves in recent months. Related Reading: Pundit Warns 
XRP Investors To Not Make This Grave Mistake This Cycle The resurgence in both 
network activity and price signals is growing market momentum and possibly a 
shift in sentiment among investors and traders. Notably, XRPScan, a platform 
that records data from the XRP Ledger, revealed that the large-scale transfer 
volume was recorded on July 18, representing the cryptocurrency’s largest 
single-day figure in over a month. What’s particularly notable about this 
recent volume surge is that it does not appear driven by speculative churn 
alone. The elevated flow of funds between accounts and the increase in user 
addresses suggest a deeper level of network usage. Data from XRPScan shows 
that XRP payment volume from one account to another rose to 1.72 billion on 
July 18. Additionally, the number of successful transactions executed around 
the same time totalled over 2.08 million. New active accounts have also 
climbed significantly, with July 18 recording the highest daily count over the 
last month at 10,279. With blockchain metrics flashing green and XRP’s price 
reclaiming bullish momentum, the surge in daily transfer volume signals a 
fresh wave of bullish confidence among holders. Typically, such synchronised 
growth may point to deliberate accumulation or distribution by whales, who 
often move large sums during pivotal market shifts. Whales Go Long On XRP 
Ahead Of Potential Surge New reports from analysts indicate that XRP whale 
activity is back in full swing, with specific holders going long just days 
after the cryptocurrency network surged past $1 billion in transfer volume. 
Multiple long positions totalling over $3.8 million have been opened at a 
price point near $3.44, raising speculation that deep-pocketed investors may 
be acting on insider-level confidence. KingXRP, an analyst on X social media, 
revealed that a whale recently entered a $1.52 million long on XRP, just as 
buzz grows around the impending RealFi integration that could enable the XRP 
Ledger to unlock a massive $650 trillion market. Related Reading: XRP Open 
Interest Just Hit A Fresh ATH Above $10 Billion, Will Price Follow Next? 
Adding fuel to the hype, Radar, another market expert, reported that two 
additional whale-sized positions, worth $1.02 million and $1.31 million, were 
opened within the same price range. This move signals a clear shift in whale 
sentiment, suggesting increased confidence in XRP’s breakout potential. 
Featured image from Getty Images, chart from Tradingview.com

XRP Transactions Barrels Over $1 Billion To Monthly Highs, Are Whales Driving The Next Leg?

The White House is poised to release its long-awaited comprehensive report on 
digital assets, marking the Trump administration’s first major crypto policy 
blueprint, according to a report by Crypto In America’s Eleanor Terrett. White 
House Digital Assets Report Due Before Month’s End, Reporter’s Source States 
The report, officially due on Tuesday, July 22, will be […]

Report: Presidential Working Group’s Crypto Report Release Imminent

Crypto ATM arrests in London come as US states like Wisconsin move to limit 
daily transactions and mandate fraud warnings.

Crypto ATMs seized in the UK amid growing scrutiny of kiosk-based exchanges

On Monday, Strategy revealed plans for an initial public offering (IPO) of a 
new series of preferred stock to fund further bitcoin acquisitions. The news 
follows the company adding 6,220 BTC to its stash. Strategy Plans STRC Stock 
IPO at 9% Initial Dividend to Raise Funds for Bitcoin The company filed for an 
IPO of […]

Strategy Files for IPO of New ‘Stretch’ Preferred Stock to Fund More Bitcoin Buys

On Monday, DeFi Development Corp. announced its treasury now holds 999,999 
Solana ( SOL) tokens and equivalents. DeFi Dev Corp. Grows Solana Holdings to 
999,999 Tokens The Boca Raton-based company, DeFi Development Corp. (Nasdaq: 
DFDV), added 141,383 SOL between July 14 and July 20, according to a July 21 
statement. The purchases, including spot buys […]