The United States Securities and Exchange Commission has finalized a settlement with the founder of MyConstant, ordering him to pay over $10 million in penalties and restitution for misusing investor funds and making false claims about his platform’s crypto lending…

$10m SEC settlement hits MyConstant founder over TerraUSD investment and misuse of funds

The Payments Association’s Riccardo Tordera told Cointelegraph that the ban’s 
reversal allows individual investors to make their own choices at their own 
risk.

UK u-turn on retail access to crypto ETNs signals push to become crypto hub

The Chinese Ministry of National Security has issued a warning regarding the 
potential risks associated with biometric recognition technology, highlighting 
concerns over data security and privacy. The ministry emphasized that while 
biometric systems, such as facial recognition, iris scanning, and fingerprint 
scanning, offer convenience in daily life, improper data management could lead 
to significant leaks […]

Chinese Ministry of National Security Warns of Risks Associated With Biometric Recognition Technology

South Korea’s BDACS has rolled out institutional custody support for XRP, 
following its partnership with Ripple and integration with top South Korean 
exchanges.

XRP custody goes live for Korean institutions via BDACS amid ‘strong interest’

China’s national security agency is calling out the growing trend of projects 
collecting sensitive biometric data like iris scans in exchange for digital 
assets. In a public advisory issued through its official WeChat account on 
August 6, China&#8217;s Ministry of…

Worldcoin under fresh scrutiny? China warns against crypto-for-iris trend

A bold forecast has stirred debate in crypto circles. Based on reports, a 
long-time investor known as Pumpius argues that XRP could one day trade at a 
whopping $1 million per coin! Related Reading: Crash Incoming? Kiyosaki Warns 
Of ‘August Curse’ And Reveals His Bitcoin Buy Zone That’s a huge jump from its 
current price near $2. The prediction rests on the idea that XRP will become 
the main bridge asset in a tokenized global economy worth up to $1 
quadrillion. Tokenization Efforts Gain Ground According to Pumpius, Ripple is 
quietly moving real-world assets onto its blockchain. A government-backed real 
estate token pilot in Colombia is already under way. Reports have disclosed 
that Ripple has rolled out massive network upgrades. Then, there’s also a $100 
million commitment to tokenizing carbon markets, and partnerships with 
regulated companies. XRP’s Role As Bridge Asset Based on data from Boston 
Consulting Group and Citi, $16 trillion in real-world assets could be 
tokenized by 2030. But Pumpius believes that figure could swell when you add 
$300 trillion in global real estate, $100 trillion in stocks, and over $100 
trillion in bonds, plus currencies and commodities. Tokenize the World: Why 1 
XRP Could Be Worth $1,000,000 Sounds insane, right? Now read that again. What 
if every asset you’ve ever known — stocks, homes, currencies, oil, bonds, even 
carbon — was tokenized onto one blockchain? And what if XRP became the bridge 
for it all? This… pic.twitter.com/h6BbIcKKhw — Pumpius (@pumpius) May 16, 2025 
In his view, that push could create a token economy worth $1 quadrillion. He 
sees XRP, with its three to five second settlement times and built-in 
decentralized exchange, as the obvious choice to move value between those 
tokens. A Network Built For Speed And Scale Reports have disclosed that XRP 
Ledger already supports an automated market maker and native multi-asset 
transfers. Pumpius said these features are more suited for high-volume 
transfers than Bitcoin’s design. He notes that with a total supply of 100 
billion XRP—and much of it locked or burned—scarcity could boost prices if 
demand surges. Big Hurdles Ahead Despite the promise, challenges remain. 
Regulatory clarity is still a work in progress in many countries. Competing 
blockchains are chasing tokenization too. Legacy financial firms may hesitate 
before shifting trillions of dollars on-chain. And even if XRP becomes a 
dominant bridge, it would only need to handle settlement flows—likely a small 
slice of total tokenized value. Related Reading: Against The Grain: Analyst 
Targets $300K Bitcoin Price—When Will It Happen? Market Skepticism Persists 
Yet Pumpius insists the math holds. If XRP captures a fraction of daily flows 
in a $1 quadrillion token economy, a million-dollar price per coin follows. 
History shows radical price targets aren’t always impossible. Reports have 
pointed to early Internet skeptics who missed the web’s true potential. 
Whether XRP will hit seven figures or breach $3 is anyone’s guess. Featured 
image from Meta, chart from TradingView