Cryptonews

Soon after the presidential pen danced across the page, Tether CEO Paolo Ardoino, with the zeal of a poet penning a sonnet, unveiled his company’s strategy to align with the new crypto regulatory landscape. 📜⚡

On the seventeenth day of July, a quintet of banking associations, including the American Bankers Association (ABA), Consumer Bankers Association (CBA), National Bankers Association (NBA), America’s Credit Unions, and Independent Community Bankers of America (ICBA), submitted a joint missive to the US Office of The Comptroller of The Currency (OCC). Their plea? A thorough examination of the recent applications for the National Bank Trust Charter by crypto custody companies, lest the floodgates of change open too hastily.

On July 19, 2025, the XRP saga reached a crescendo worthy of a tragic opera. The one-hour chart, a stage for drama, revealed a downtrend after a feeble $3.664 rejection—like a jilted lover’s tantrum. Support at $3.34 clung to life, a lifeline for the desperate. The RSI, a glutton for punishment, hit 82.93, whispering of overbought madness and foreshadowing a plunge into chaos. 🎭📉

In the shadow of the digital colossus, Bitcoin has turned its back on its lesser kin, leaving altcoins to flounder in a sea of uncertainty. The sacred texts of on-chain analysis whisper of doom, while the prophets of the blockchain scribble their dire prophecies on the walls of X.

Now, XRP, that rather spirited digital asset, has taken a bit of a tumble, falling 1.17% since yesterday. Honestly, one wouldn’t have thought such a thing possible, but there it is. The world is full of disappointments, isn’t it?

In a recent CNBC interview, CEO Rick Wurster casually mentioned that Schwab’s clients already own more than 20% of the entire ETP market. Because nothing says “trust” like letting your clients bet on digital tokens they can’t even hold in their hands. 🤷‍♂️

In the past 30 days, it’s strutted its stuff with a 13% gain. And what’s the stock market doing? Sitting on its hands with a measly 4.73% increase. It’s like watching a tortoise race a hare—except in this case, the tortoise is heavily caffeinated! ☕🐢

This Genius Act, a name so fitting it could only be dreamed up by someone with the audacity of Trump himself, grants stablecoins the legal status they’ve been clamoring for. Armstrong, in an interview from the White House yard—because apparently, the Oval Office wasn’t available—declared this a monumental moment for crypto. Stablecoins, he claims, will whisk us into a new era of payments, faster and cheaper than a dodgy cab ride in New York 🚕.

Everyone’s watching XTZ’s price action now. Which is great, because watching numbers go up and down is *exactly* how I envisioned spending my Tuesday. Will this enthusiasm last, or are we all going to be crying into our crypto bags soon? Let’s dive in and attempt to decipher this… thing.

“We’re absolutely going to compete with Coinbase,” Wurster declares. “If you’re buying crypto there, you should be buying it here. We’re the trusted name in finance, after all.”