The world of cryptocurrency is often abuzz with rapid developments, and recent whispers about a significant ETH sale sparked considerable discussion within the Ethereum community. Was the Ethereum Foundation offloading assets? The question hung in the air, prompting speculation and curiosity. Thankfully, clarity has emerged, shedding light on the true nature of this transaction and introducing a new, pivotal player in the Ethereum ecosystem. What’s the Buzz About the Recent ETH Sale and Who is Behind It? For a brief period, a wave of concern rippled through the crypto space as reports surfaced about a substantial sale of 1,210 ETH, valued at approximately 3.5 million USDC. Naturally, when an entity as influential as the Ethereum Foundation is associated with such a large transaction, the community takes notice. Initial speculation quickly pointed fingers, leading to questions about the EF’s financial strategy or potential shifts in its long-term vision. However, these concerns were swiftly addressed and put to rest by Hsiao-Wei Wang, co-Executive Director of the Ethereum Foundation , who took to X (formerly Twitter) to provide a crucial ETH sale clarification . Wang unequivocally stated that the sale was not executed by the Ethereum Foundation itself. Instead, the transaction was carried out by a newly formed, independent non-profit organization known as Argot Collective. This clarification is vital for maintaining transparency and trust within the decentralized ecosystem. It underscores the importance of accurate information dissemination, especially when dealing with high-value transactions involving key players. The distinction between the Ethereum Foundation and Argot Collective, though both deeply rooted in the Ethereum ecosystem, is a key takeaway from this incident, showcasing a maturing approach to governance and operations. Unveiling Argot Collective: A New Era for Ethereum Infrastructure? So, who exactly is Argot Collective , and why are they involved in such significant transactions and responsibilities? Argot Collective is not just any new player; it’s a non-profit organization formed by a group of 25 highly experienced individuals, all of whom are former employees of the Ethereum Foundation . This makes their emergence particularly noteworthy, as they bring with them a deep understanding of Ethereum’s intricate workings and its foundational principles, having been integral to its development for years. The primary responsibility now entrusted to Argot Collective is the maintenance of Ethereum’s core infrastructure. This is a monumental task, encompassing everything from protocol upgrades and security audits to ensuring the network’s stability and continued evolution. This transition marks a strategic move towards further decentralizing the development and maintenance aspects of Ethereum, distributing responsibility among capable, independent entities rather than concentrating it solely within the Ethereum Foundation. The benefits of this transition are multi-faceted: Specialized Focus: Argot Collective can dedicate its entire focus to core infrastructure, potentially leading to more efficient and streamlined development cycles for critical network components. Reduced Centralization Risk: By distributing responsibilities, the Ethereum ecosystem becomes more resilient to potential single points of failure, enhancing its robustness and censorship resistance. Leveraging Expertise: The collective comprises individuals with invaluable, direct experience from their time at the EF, ensuring continuity, high-quality work, and a seamless transfer of institutional knowledge. Enhanced Agility: As a smaller, dedicated non-profit, Argot may be able to respond to urgent infrastructure needs with greater agility than a larger foundation. This development signifies a maturing ecosystem, where foundational responsibilities are progressively handed over to specialized, independent groups, fostering a more robust and truly decentralized future for Ethereum. How Does This Move Bolster Ethereum Foundation’s Ethereum Decentralization Efforts? The Ethereum Foundation has long championed the ethos of decentralization. From its inception, the goal has been to create a global, permissionless, and censorship-resistant network that operates without reliance on a central authority. While the EF has played a crucial role in bootstrapping the network, funding research, and coordinating development, its long-term vision has always included a gradual reduction of its direct operational footprint as the ecosystem matures. The delegation of core infrastructure maintenance to Argot Collective is a significant step in this ongoing journey towards Ethereum decentralization . It demonstrates the EF’s commitment to fostering a truly distributed network where various independent teams and organizations contribute to its health and growth. This move lessens the perceived central control of the Ethereum Foundation over critical operational aspects, distributing it among a broader set of stakeholders and reinforcing the network’s decentralized nature. Consider the implications: Aspect Before Argot Collective After Argot Collective Core Maintenance Responsibility Primarily within EF’s direct purview, alongside other mandates. Transferred to independent Argot Collective, dedicated solely to this function. Decentralization Impact EF maintains significant operational control, potentially seen as a central point. Reduced central point of control, increased distribution of critical tasks. Community Perception Some perceived centralization around EF’s extensive roles. Clearer separation of roles, more distributed power and responsibility. Resource Allocation EF’s resources spread across multiple initiatives. Argot Collective’s resources hyper-focused on infrastructure maintenance. While this transition is largely positive, it’s not without its challenges. Ensuring seamless coordination between Argot Collective and other independent development teams, as well as maintaining transparent communication with the broader community, will be paramount. However, the overarching benefit is a stronger, more resilient network that truly embodies the core principles of blockchain technology and moves closer to a fully decentralized future. What Does This Mean for the Future of Ethereum’s Core Infrastructure? The handover of Ethereum infrastructure maintenance to Argot Collective signals a dynamic shift in how the network’s foundational layers will be managed and evolved. This isn’t merely a change in personnel; it’s a strategic realignment designed to optimize the network’s long-term health and adaptability. With a dedicated team focused solely on the core, we can anticipate several key developments that will shape Ethereum’s trajectory: Enhanced Efficiency: A specialized team, free from the broader mandates of the Ethereum Foundation, can potentially streamline processes and accelerate critical updates, leading to faster implementation of improvements. Increased Resilience: Diversifying the entities responsible for core maintenance adds another layer of security and robustness to the network, making it less susceptible to concentrated risks or single points of failure. This distributed responsibility model enhances the network’s overall anti-fragility. Focused Innovation: Argot Collective’s singular focus on infrastructure can foster innovative solutions for scalability, security, and protocol improvements. Their dedicated expertise could lead to breakthroughs in areas like client diversity, network upgrades, and overall system optimization. Community Engagement: While independent, Argot Collective will undoubtedly need to maintain strong ties with the wider Ethereum developer community and research groups. This collaborative approach ensures that their work aligns with collective goals and emerging needs, fostering a vibrant ecosystem. For developers, this might mean clearer communication channels regarding core protocol changes and a more predictable roadmap for infrastructure upgrades, enabling them to build more confidently on the network. For users, it translates to a more stable, secure, and progressively optimized network experience, reinforcing trust in the platform. This strategic move by the Ethereum Foundation to empower Argot Collective is a testament to the maturing ecosystem, where specialized expertise drives the evolution of one of the world’s most important blockchain networks, paving the way for a more robust and decentralized future. Conclusion: A Bold Step Towards Ethereum’s Decentralized Future The recent ETH sale clarification by the Ethereum Foundation , revealing Argot Collective as the true transactor and the new custodian of Ethereum’s core infrastructure, is more than just a news item; it’s a profound statement about the ongoing evolution of the network. It highlights a deliberate and strategic pivot towards greater Ethereum decentralization , empowering independent, expert-led organizations like Argot Collective to take the reins of vital operational responsibilities. This move strengthens the network’s resilience, fosters specialized innovation, and reinforces the core principles upon which Ethereum was built. As Ethereum continues its journey, such strategic realignments ensure its adaptability and long-term viability in an ever-changing digital landscape, solidifying its position as a truly decentralized global computer. This crucial step promises a more robust and distributed future for the entire Ethereum ecosystem. To learn more about the latest Ethereum trends, explore our article on key developments shaping Ethereum’s institutional adoption.
The cryptocurrency world is buzzing with excitement as U.S. spot Ethereum ETFs continue their impressive run, recording a staggering total net inflow of $383.1 million on July 10. This significant milestone marks the fifth consecutive day of positive flows, signaling robust and growing interest from institutional investors in the second-largest cryptocurrency by market capitalization. What does this sustained influx of capital mean for the future of digital assets and how are these Ethereum ETF inflows reshaping the investment landscape? Unpacking the Surge: Why Ethereum ETF Inflows Matter The consistent positive flows into U.S. spot Ethereum ETFs are more than just numbers; they represent a pivotal shift in how traditional finance views and engages with cryptocurrencies. A spot ETF allows investors to gain exposure to the underlying asset – in this case, Ethereum – without directly owning it. This simplifies access, enhances liquidity, and provides a regulated investment vehicle, making it highly attractive to institutional players who might otherwise be hesitant to navigate the complexities of direct crypto ownership. For Ethereum, these inflows signify several critical points: Mainstream Validation: The approval and subsequent success of spot Ethereum ETFs lend significant credibility to Ethereum as an asset class, moving it further into the mainstream financial ecosystem. Increased Liquidity: With more capital flowing in, the market depth for Ethereum increases, potentially leading to more stable price discovery and reduced volatility over time. Broader Investor Base: ETFs open the doors to a wider range of investors, including those in traditional retirement accounts and brokerage platforms, who previously had limited direct access to crypto. Who’s Leading the Charge? A Deep Dive into BlackRock’s Dominance While multiple players are vying for market share, one name stands out prominently in the recent wave of inflows: BlackRock . The world’s largest asset manager, through its ETHA ETF, led the pack with an astounding $300.9 million in inflows on July 10 alone. This figure underscores BlackRock’s significant influence and its strategic positioning within the nascent crypto ETF market. Here’s a breakdown of the top performers on July 10, according to data from Farside Investors: ETF Name Ticker Net Inflows (July 10) BlackRock iShares Ethereum Trust ETHA $300.9 million Fidelity Wise Origin Ethereum Fund FETH $37.3 million Grayscale Ethereum Mini Trust Mini ETH $20.7 million Grayscale Ethereum Trust ETHE $18.9 million Bitwise Ethereum ETF ETHW $3.2 million VanEck Ethereum Trust ETHV $2.1 million The substantial lead by BlackRock’s ETHA highlights the immense trust and capital that institutional investors are willing to place in established financial giants when entering the crypto space. Their entry not only brings significant capital but also sophisticated risk management and compliance frameworks, which are crucial for the long-term maturation of the crypto market. The Bigger Picture: What Do These Institutional Investments Signal? The consistent positive flows into Ethereum ETFs are a strong indicator of growing institutional confidence in digital assets beyond Bitcoin. For years, Bitcoin has been the primary gateway for traditional finance into crypto, largely due to its first-mover advantage and perceived store-of-value properties. However, Ethereum’s robust ecosystem, its role in decentralized finance (DeFi), NFTs, and its upcoming scaling solutions, make it an increasingly attractive asset. These institutional investments signal a few key trends: Diversification Beyond Bitcoin: Institutions are looking to diversify their crypto exposure, recognizing Ethereum’s unique value proposition and its potential for significant growth. Long-Term Bullish Sentiment: Sustained inflows suggest that these are not short-term speculative plays but rather long-term strategic allocations, indicating a bullish outlook on Ethereum’s future. Maturation of the Crypto Market: The ability to launch and successfully operate such financial products signifies the increasing maturity and regulatory acceptance of the crypto market as a whole. This trend mirrors the success seen with spot Bitcoin ETFs earlier this year, which brought billions into the crypto market and contributed to Bitcoin’s rally. The expectation is that Ethereum ETFs could follow a similar trajectory, attracting a new wave of capital and further integrating crypto into global finance. Navigating the Market: The Impact on Ethereum Price Action While direct correlation is complex, sustained Ethereum ETF inflows are generally viewed as a positive catalyst for Ethereum price action . Increased demand from institutional buyers, coupled with the removal of ETH from the open market to back the ETFs, can exert upward pressure on the asset’s price. As more capital flows into these regulated products, the supply available on exchanges for retail trading might decrease, potentially leading to price appreciation. However, it’s important to remember that the crypto market is influenced by a multitude of factors, including macroeconomic conditions, regulatory developments, technological advancements, and broader market sentiment. While the ETF inflows provide a strong fundamental tailwind, investors should remain aware of market volatility and conduct their own due diligence. Looking Ahead: The Future of Crypto ETFs and Beyond The success of spot Bitcoin and now Ethereum ETFs sets a powerful precedent for the future of crypto ETFs . It opens up the possibility for other major altcoins to eventually have their own spot ETF products, further legitimizing the broader digital asset space. This institutional embrace could lead to: Enhanced Market Stability: As more institutional capital enters, the market could become less susceptible to extreme retail-driven volatility. Increased Innovation: Greater mainstream adoption and investment can spur further innovation within the blockchain and cryptocurrency sectors. Broader Adoption: ETFs simplify access, making crypto investments more appealing and accessible to a wider demographic of investors globally. The journey of crypto ETFs is still in its early stages, but the recent inflows demonstrate a clear appetite from sophisticated investors. This sustained interest could pave the way for a new era of growth and integration for digital assets within the global financial system. In conclusion, the impressive $383.1 million in net inflows into U.S. spot Ethereum ETFs on July 10, marking the fifth consecutive day of positive flows, is a testament to the growing institutional confidence in Ethereum. Led by BlackRock’s significant contributions, these inflows are not just about capital; they signify mainstream validation, increased liquidity, and a broadening investor base. As institutional investments continue to pour in, they are poised to significantly impact Ethereum price action and reshape the landscape of crypto ETFs , propelling the entire digital asset market towards a more integrated and mature future. This ongoing trend underscores the exciting potential of Ethereum and its pivotal role in the evolving financial ecosystem. To learn more about the latest Ethereum ETF trends, explore our article on key developments shaping Ethereum institutional adoption.
The recent GMX hack exploited a critical vulnerability in the GLP token, resulting in a substantial $42 million loss converted into Ethereum. This sophisticated re-entrancy attack exposed significant security gaps
According to Mars Finance News on July 11, blockchain analytics platform Onchain Lens identified two wallets, potentially controlled by a single entity, acquiring 4,552 ETH from Binance at an average
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Bitcoin surges past $111,000 and XRP climbs to $2.64, investors are shifting from holding to earning, flocking to APT Miner for daily passive income through cloud mining. Table of Contents What is APT Miner cloud mining? How to use APT Miner Summary On July 11, 2025, Bitcoin broke through the $117,000 mark, setting a new high for the year, and XRP also rose strongly to $2.64, maintaining an upward trend for several consecutive days. Market sentiment quickly recovered, and a large number of investors began to re-evaluate the use of their crypto assets, not just waiting for appreciation, but also seeking daily cash flow. In this trend, more and more BTC and XRP holders are choosing to flock to the APT Miner platform to obtain passive income through cloud mining. There is no need for high-frequency trading or equipment maintenance costs. The income can be automatically settled daily through computing power contracts. According to statistics, many users have a stable daily income of more than US$3,000 through APT Miner, successfully finding a new “safe haven” in the volatile market. What is APT Miner cloud mining? APT Miner is a cloud mining platform regulated by the UK. Users do not need to purchase mining machines or have professional knowledge. They only need to choose the appropriate computing power contract to start earning cryptocurrency income. All mining processes are automatically completed by the platform in the data center. The system settles profits every 24 hours, and the income is directly returned to the user’s account. It is simple, safe, and an efficient way to obtain passive income. How to use APT Miner Users can register using an email address (register for $15 and earn $0.6 by buying a signing contract). They must then choose the contract that suits them. Next, they can make payments. And now, they can get a regular income. The following is a list of potential income contracts for APT Mienr [BTC (Canaan-Avalon-A1466)]: Investment amount: 100 USD, total net profit: 100 USD + 8 USD. 【DOGE (Goldshell-Mini-DOGE-Pro)】: Investment amount: US$500, total net profit: US$500 + US$38. [BTC (Antminer-S19-XP)]: Investment amount: USD 2,500, total net profit: USD 2,500 + USD 437. 【DOGE（Goldshell-LT6）】：Investment amount: USD 7,800, total net profit: USD 7,800 + USD 2,970. 【BTC（AntminerT21）】：Investment amount: 17,000 USD, total net profit: 17,000 USD + 9,044 USD. [BTC/BCH (ANTSPACE HK3)]: Investment amount: USD 50,000, total net profit: USD 50,000 + USD 34,000. For more contract information , please visit the APT Miner platform official website. Once the mining contract is selected and activated, the APT Miner system will automatically complete all mining tasks for without any hardware or technical operations. The platform uses high-performance equipment from top manufacturers such as Bitmain, Shenma Miner, and Canaan Creative, combined with a self-developed intelligent scheduling system. During the mining process, users can view the income progress in real time on the control panel. The system automatically settles profits every 24 hours, and the principal will be fully returned after the contract ends. Since its establishment in the UK in 2018, APT Miner has been developing steadily under the government regulatory framework. It has attracted more than 9 million users worldwide and formed a huge and real user ecosystem. Summary As market volatility and uncertainty increase, more and more investors are beginning to realize the importance of stable returns. APT Miner provides an intelligent cloud mining method that does not require transactions, has no technical threshold, and settles daily, making crypto assets truly “active” and continuously creating passive income for users. From technical strength to platform transparency, from compliance qualifications to user experience, APT Miner is becoming a new choice for holders of mainstream currencies such as XRP and BTC. To learn more, visit the official APT Miner website and download the app. Email: info@aptminer.com Read more: Bitcoin mining can power the US, if regulators prioritize it | Opinion Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
The crypto market is up today, for the third day in a row. 99 of the top 100 coins per market cap have appreciated over the past 24 hours. At the same time, the cryptocurrency market capitalization has increased by 1.3% to $3.73 trillion, which is a significant increase from yesterday’s $3.45 trillion. The total crypto trading volume is at $231 billion, up from $128 billion a day before. TLDR: The crypto market rising, with the market cap hitting $3.73 trillion; 99 of the top 100 coins are green; BTC recorded a new ATH, now trading at $117,586, and ETH hit the $3,000 mark; BTC has seen 62 days of price stability in six-figure territory; Market sentiment entered greed territory; Both US BTC and ETH spot ETFs saw the second-highest inflows since launch; ”The medium- and long-term outlook for Bitcoin remains overwhelmingly positive.” Crypto Winners & Losers The crypto market has continued the green streak for the third day, as all top 10 coins per market cap rise as well. Bitcoin (BTC) has done it – it broke its previous all-time high. The coin jumped 5.6% in a day, currently trading at $117,586. Moreover, Ethereum (ETH) is the category’s second-best performer. It appreciated by 6.5%, currently changing hands at $2,986. Dogecoin (DOGE)’s 8.9% is the highest increase among the top 10. Its price is now $0.1965. Moreover, only one of the top 100 coins is red today. Monero (XMR) fell 0.7% to $325. On the other side, a dozen coins recorded double-digit rises. Two of these have increases of over 20%. Ethena (ENA) rose by 20.7% to the price of $0.347, while Sei (SEI) is up 20.6% to $0.3183. Meanwhile, $1.25 billion in leveraged positions have been liquidated in 24 hours, according to CoinGlass . Short traders account for $1.1 billion. Moreover, of the total amount, Bitcoin accounted for $658.43 million and Ethereum for $250.89 million. Source: CoinGlass Notably, the dollar is seeing its worst performance since 1973. This is actively fueling risk assets, including crypto. ‘Outlook for Bitcoin Remains Overwhelmingly Positive’ Gadi Chait, Head of Investment at Xapo Bank , commented that since 8 May, Bitcoin has ended every day above $100,000. “That’s 62 days of price stability in six-figure territory,” Chait says. “For an asset once defined by volatility, this price consolidation over a significant period of time shows that Bitcoin is maturing.” And this week, BTC surged to an ATH, reflecting robust institutional demand and macroeconomic tailwinds, he adds. “Under the surface, institutional accumulation is at fever pitch.” Also, the stability and institutional inflow held firm through major macroeconomic uncertainty and global geopolitical tensions. This is “a test that many other so-called ‘volatile assets’ would struggle to pass,” Chait argues. Moreover, James Toledano, Chief Operating Officer at Unity Wallet , adds that the price surge seems to be driven by a confluence of macroeconomic optimism and significant institutional activity. The latter comes in the form of ETF inflows and sovereign and corporate balance sheet allocations. Additionally, there’s the talk of an incoming US Federal Reserve rate cuts. Furthermore, Toledano argues that the situation could turn bad for the traditional economy, benefiting digital assets. “The US has a major debt crisis, and the interest payments on this debt is the largest budget line-item,” he says. Also, the dollar is weakening, and bond markets are experiencing sell-offs. “A reckoning is surely coming, but this may be good for the strongest crypto assets as capital takes flight seeking a new home,” Toledano writes. Meanwhile, Ruslan Lienkha, chief of markets at YouHodler , argues that a decisive breakout and sustained move above $112,000 for BTC “could trigger a sharp upward rally, potentially targeting the $130,000 range before entering a new consolidation phase at historically unprecedented levels.” He adds that “the potential for such a move is underpinned by a broadly supportive macro backdrop,” as well as tightening BTC supply dynamics. However, there are some near-term risks. This includes an evolving political and economic backdrop, particularly trade tensions. “That said, the medium- and long-term outlook for Bitcoin remains overwhelmingly positive,” Lienkha continues. “Institutional adoption continues to deepen, the integration of crypto into traditional financial systems is accelerating, and the macro narrative of Bitcoin as a hedge against monetary debasement remains intact. Additionally, regulatory clarity is gradually improving in key markets, further legitimizing digital assets as a core component of diversified portfolios.” Levels & Events to Watch Next At the time of writing, BTC trades at $117,586. The coin hit a new all-time high of $118,254 just an hour prior to this writing. This was also a surge from the intraday low of $98,974. The price is up 8.1% in a week, 7.6% in a month, and 103% in a year. Now, analysts and investors alike are waiting to see if BTC will surpass the $119,000 and $120,000 levels. Bitcoin Price Chart. Source: TradingView Moreover, Ethereum is currently trading at $2,986. It managed to finally surpass the $3,000 mark again, reaching $3,019 earlier this morning (UTC). It pulled back slightly, but analysts argue that it may rise further. Overall, it’s up 17.1% in a week and 7.4% in a month. It fell 3.5% in a year. We’re now looking at $2,950-$3,050 as key support levels. Moreover, the crypto market sentiment also surged and entered greed territory. The Fear and Greed Index jumped from 58 yesterday to 67 today . This is the highest it’s been in a month. It also signals caution to investors. While this is not extreme green, the level suggests potential overconfidence. It may result in FOMO (fear of missing out) and, subsequently, inflated prices. Furthermore, on 10 July, the US BTC spot exchange-traded funds (ETFs) recorded a massive jump. They saw inflows of $1.18 billion , compared to $218.04 million on 9 July. This is the second-highest amount ever, the highest being $1.38 billion in November 2024. BlackRock’s share is $448.49 million. It’s followed by Grayscale’s $324.34 million, as well as Ark & 21Shares’ $268.7 million. On the same day, US ETH ETFs saw significant inflows of $383.1 million . This is the highest amount in six months. It is second only to the all-time high of $428.44 million seen in December 2024. Of this amount, BlackRock took in $300.93 million, while Fidelity saw $37.28 million. Meanwhile, institutions and corporations are still entering the crypto space, and increasingly so. One of the latest is NRW.BANK , a German state-owned development bank. It has recently issued a €100 million ($116.7 million) blockchain-based bond on the Polygon network. The bank used the infrastructure of Cashlink Technologies , a BaFin-licensed crypto securities registrar, to register the bond, while institutional investors such as Deutsche Bank , DZ BANK , and DekaBank took part in the offering as joint lead managers. NRWBANK, Germany’s largest regional development bank, has tokenized its first fully digital bond, with support from leading financial institutions like @DeutscheBank , @dzbank , and @DekaBank . Polygon will serve as the rails for the EUR 100 million bond, registered via Cashlink as… pic.twitter.com/37jqqQpz8F — Polygon (@0xPolygon) July 10, 2025 Quick FAQ Why did crypto move with stocks today? The crypto market surged over the past 24 hours, while the US stock market saw a mixed picture on Thursday. despite enduring uncertainty about US trade policy. For example, the S&P 500 rose by 0.27%, the Nasdaq-100 is down by 0.16%, and the Dow Jones Industrial Average is up by 0.43%. Concerns coming from the US about tariffs, and subsequently inflation and global trade wars, were reignited again. Investors managed to largely brush them off. Is this rally sustainable? Analysts generally agree that the rally is sustainable. The market has more room to grow this year. However, typical pullbacks and larger corrections are possible and even likely. You may also like: (LIVE) Crypto News Today: Latest Updates for July 11, 2025 The crypto market is showing extremely bullish signals today, with the total crypto market cap rising 1.2%. Bitcoin is up over 5% over the past 24 hours, currently trading just above $116,500 at an all-time high. Ethereum has continiued its positive momentum today as it trades around $3,000, up 7%.But what else is happening in crypto news today? Follow our up-to-date live coverage... The post Why Is Crypto Up Today? – July 11, 2025 appeared first on Cryptonews .
Dogecoin (DOGE) continues to demonstrate strong bullish momentum, reaching new local highs amid a broader crypto market upswing. Market analysts note that DOGE’s recent price action suggests potential for further
The post Ripple CEO Brad Garlinghouse’s Net Worth Climbs to $10B After SEC Settlement appeared first on Coinpedia Fintech News As the cryptocurrency industry reshapes global finance, few leaders have made as profound an impact as Brad Garlinghouse, the CEO of Ripple Labs. With an estimated net worth between $9 to $10 billion, largely driven by his 6.3% equity stake and significant XRP holdings, Garlinghouse has helped Ripple evolve from a blockchain startup into a powerhouse of fintech innovation. He became a defining figure in crypto regulation, especially through Ripple’s high-stakes legal battle with the U.S. SEC, while also promoting Ripple’s vision for an “internet of value.” From Kansas to Silicon Valley: A Vision Takes Root Born in Topeka, Kansas in 1971, Garlinghouse’s early love for computing led him to pursue economics in college, followed by an MBA from Harvard Business School in 1997. In a 2016 interview, he recalled how his desire to “change the world” took him to Silicon Valley during the early internet boom. He held executive roles at Dialpad, AOL, and Yahoo!, where his 2006 memo—dubbed the “Peanut Butter Manifesto”—criticized Yahoo!’s scattered priorities. The bold critique cemented his reputation as a strategic leader unafraid to challenge the status quo. Leading Ripple’s Blockchain Breakthrough Garlinghouse joined Ripple Labs in 2015 and became CEO a year later. Under his leadership, Ripple pushed for global adoption of XRP as a bridge asset for fast, low-cost cross-border payments. He helped strike major partnerships with financial giants like Santander and SBI Holdings, positioning Ripple as a core player in next-gen financial infrastructure. In a recent CNBC interview , Garlinghouse emphasized the goal: “We harness the advantages of crypto, such as quicker and more affordable transactions, and integrate it into traditional finance.” Ripple’s growing influence in the global remittance and banking sector has also boosted his personal net worth, which, according to Charles Gasparino (Fox Business), crossed $10 billion as of March 2025. The Ripple vs. SEC Saga: A Defining Battle Garlinghouse’s legacy is closely tied to Ripple’s fight with the U.S. Securities and Exchange Commission (SEC). In 2020 , the SEC alleged that Ripple, Garlinghouse, and co-founder Chris Larsen raised $1.3 billion through unregistered XRP sales. Garlinghouse pushed back hard, calling the lawsuit a case of regulatory overreach. He maintained that XRP is a currency, not a security. The case reached a turning point on May 8, 2025, when Ripple and the executives agreed to a $50 million settlement —a fraction of the original demand. They also jointly requested the court to dissolve the injunction and release funds previously held in escrow. Although formal approval from the court is pending, the move marked a landmark moment for crypto regulation and corporate accountability. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Ripple News Today- Will BlackRock File XRP ETF? , Advocating for Crypto Clarity During a U.S. Senate hearing on July 9, 2025, Garlinghouse made a strong case for crypto-friendly legislation. He warned that the lack of clear rules was pushing innovation and jobs overseas and urged lawmakers to emulate regulatory frameworks like those in the U.K. and EU. He called for practical, consumer-protective laws that foster growth and trust in the crypto ecosystem. Conclusion: A $10B Legacy Still in the Making Brad Garlinghouse’s journey—from Kansas to the heart of Silicon Valley to leading Ripple through legal and regulatory minefields—reflects vision, courage, and persistence. With Ripple’s global influence still expanding and regulations slowly evolving, his mission to build an internet of value is far from over. Whether it’s battling regulators, building fintech rails, or shaping policy, Garlinghouse has become a central figure in blockchain’s journey into the mainstream. .article_register_shortcode { padding: 18px 24px; border-radius: 8px; display: flex; align-items: center; margin: 6px 0 22px; border: 1px solid #0052CC4D; background: linear-gradient(90deg, rgba(255, 255, 255, 0.1) 0%, rgba(0, 82, 204, 0.1) 100%); } .article_register_shortcode .media-body h5 { color: #000000; font-weight: 600; font-size: 20px; line-height: 22px; text-align:left; } .article_register_shortcode .media-body h5 span { color: #0052CC; } .article_register_shortcode .media-body p { font-weight: 400; font-size: 14px; line-height: 22px; color: #171717B2; margin-top: 4px; text-align:left; } .article_register_shortcode .media-body{ padding-right: 14px; } .article_register_shortcode .media-button a { float: right; } .article_register_shortcode .primary-button img{ vertical-align: middle; width: 20px; margin: 0; display: inline-block; } @media (min-width: 581px) and (max-width: 991px) { .article_register_shortcode .media-body p { margin-bottom: 0; } } @media (max-width: 580px) { .article_register_shortcode { display: block; padding: 20px; } .article_register_shortcode img { max-width: 50px; } .article_register_shortcode .media-body h5 { font-size: 16px; } .article_register_shortcode .media-body { margin-left: 0px; } .article_register_shortcode .media-body p { font-size: 13px; line-height: 20px; margin-top: 6px; margin-bottom: 14px; } .article_register_shortcode .media-button a { float: unset; } .article_register_shortcode .secondary-button { margin-bottom: 0; } } Never Miss a Beat in the Crypto World! 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Yes, Brad Garlinghouse has stated that he owned Bitcoin before joining Ripple. While he is deeply associated with XRP as Ripple’s CEO, he has acknowledged having Bitcoin in his personal holdings. What is Brad Garlinghouse’s background? Brad Garlinghouse was born in Topeka, Kansas, in 1971. He holds a Bachelor of Arts in Economics from the University of Kansas and an MBA from Harvard Business School. Before Ripple, he held executive roles at prominent tech companies like Dialpad, AOL, Yahoo!, and Hightail (formerly YouSendIt). Who is Brad Garlinghouse’s crypto advisor? Brad Garlinghouse is the CEO of Ripple Labs, a leading crypto firm, and a prominent voice in the industry. He frequently advises lawmakers on crypto regulation and market structure, often alongside other industry leaders and former regulators. He isn’t known to have a specific individual “crypto advisor” outside of his role as CEO.
Dogecoin hovered near $0.20 on Friday, nursing a weekly gain of about 17 percent and a 24-hour trading volume above $2 billion as traders digested a late-June livestream by technical analyst Kevin, who argued that the meme-coin’s structure “has to be one of the best-looking altcoin charts out there.” Dogecoin Double Bottom Could Trigger $1 During the one-hour session Kevin highlighted a textbook double-bottom that printed on Dogecoin’s weekly chart exactly at the confluence of the 200-week simple and exponential moving averages, the 0.382 Fibonacci retracement of the 2023–2025 advance, and a long-term up-trend line dating back to the 2022 bear-market trough. Entering at that zone, he said, “the risk-reward here is phenomenal,” noting that a tight stop just below the cluster implied limited downside while upside targets stretched toward the previous cycle’s highs. Kevin told viewers the weekly momentum profile supports a larger breakout. Money-flow on Market Cipher is curling higher for the first time in more than a year; the MACD is preparing to cross bullish from a higher low; and the stochastic RSI has turned up from mid-range. On the monthly chart, relative strength continues to print higher highs and higher lows, and the stock-RSI “is hanging on, ready to push back up,” he said, adding that the entire structure “looks freakin’ great” for a sustained move once Bitcoin clears its own resistance band near $116,000. Related Reading: Dogecoin To $3.94 This Cycle? This Chart Says It’s No Meme His price map for the coming months begins with a purple resistance box between $0.94 and $1.31—the 2021 peak plus the 1.618 extension of the 2022–24 base. “I’d be pretty shocked if Dogecoin can’t at least tag 94 cents,” Kevin said, stressing that a decisive break of a dollar would likely attract a new wave of retail traders and algorithmic trend-followers. He stopped short of offering an end-of-cycle target, but insisted “$1 remains likely,” conditional on Bitcoin extending toward the $150,000 region and—crucially—on macro tail-winds such as an end to quantitative tightening by the Federal Reserve. Even so, Kevin warned against complacency. Dogecoin’s intraday spike coincided with Bitcoin’s test of a major Fib cluster at $116,000, while USDT dominance hit golden-pocket support—levels that could spark a near-term cooldown. “Don’t be fooled by green candles,” he said, reminding viewers that meme-coins “can get crushed even in bull markets” and advising strict risk management: take partial profits after big thrusts, move stops to break-even, and “rinse and repeat.” Related Reading: Dogecoin Resistance Walls Ahead: Analyst Flags 3 Key Levels Beyond pure chart work, Kevin framed Dogecoin as a perpetual beneficiary of retail psychology. “You can walk into any gas station and someone owns Doge,” he quipped. “It’s the retail darling—it always will be—especially when new money shows up with deeper pockets than last time.” For now, price action is validating that thesis. If the double-bottom holds and macro conditions align, the analyst argues, Dogecoin could once again headline the next alt-season—this time with a dollar tag that traders in the last cycle could only meme about. At press time, DOGE traded at $0.1978. Featured image created with DALL.E, chart from TradingView.com
The global financial landscape is on the cusp of a significant shift, and China is at the forefront of this evolution. Recent reports indicate that Shanghai officials are deeply engaged in exploring strategies for a yuan-backed stablecoin , a move that could redefine digital finance and international trade. This isn’t just about a new digital asset; it’s a strategic maneuver by one of the world’s largest economies to assert its influence in the burgeoning digital currency space, directly challenging the dominance of U.S. dollar-linked stablecoins. Why is Shanghai’s Stablecoin Strategy So Crucial? The Shanghai State-owned Assets Supervision and Administration Commission (SASAC) recently convened a pivotal meeting with local officials. The agenda? To delve into policy strategies surrounding stablecoins and other digital currencies. This isn’t a casual discussion; it signifies a serious, coordinated effort at the highest levels of Chinese economic planning. SASAC Director He Qing’s emphasis on staying attuned to technological advances and strengthening research into digital currencies underscores the urgency and importance of this initiative. For years, the U.S. dollar has been the undisputed king of global reserve currencies, a position solidified further by the widespread adoption of dollar-pegged stablecoins like USDT and USDC in the crypto ecosystem. China’s pursuit of a Shanghai stablecoin is a direct response, aiming to create an alternative that leverages the yuan’s growing economic might. This strategic exploration in Shanghai holds immense significance for several reasons: Economic Sovereignty: A yuan-backed stablecoin would provide China with greater control over its digital financial infrastructure, reducing reliance on foreign-controlled systems. Global Trade Facilitation: It could streamline cross-border transactions, making trade with China more efficient and potentially reducing transaction costs for businesses worldwide. Countering Dollar Dominance: By offering a viable alternative, China seeks to chip away at the U.S. dollar’s hegemony in digital finance, fostering a more multipolar global economic order. Innovation Hub: Shanghai, already a financial powerhouse, aims to position itself as a leading hub for digital currency innovation and adoption. China’s Digital Currency Ambitions: Beyond the DCEP? When we talk about China digital currency , many immediately think of the Digital Currency Electronic Payment (DCEP), commonly known as the digital yuan or e-CNY. This central bank digital currency (CBDC) has been in pilot programs for years, making China a global leader in CBDC development. However, a yuan-backed stablecoin serves a distinct, yet complementary, purpose. While the digital yuan is primarily designed for domestic retail payments, enhancing financial inclusion and combating money laundering, a stablecoin is often envisioned for broader, potentially international, applications in the crypto market and decentralized finance (DeFi). The distinction is subtle but important: Digital Yuan (e-CNY): Central bank-issued, sovereign currency, primarily for domestic use, focuses on retail payments and monetary policy control. Yuan-backed Stablecoin: Private entity-issued (though likely heavily regulated/approved by the central bank), pegged to the yuan, designed for broader crypto ecosystem integration, cross-border settlements, and potentially DeFi applications. This dual approach indicates China’s comprehensive strategy to digitize its currency, addressing both domestic needs and international aspirations in the rapidly evolving digital asset space. The Rise of the Digital Yuan: A Precursor to Stablecoin Dominance? The extensive trials of the digital yuan have laid significant groundwork. Millions of transactions have been processed, and countless users have participated in pilot programs across various cities. This experience provides invaluable data and infrastructure for China’s broader digital currency ambitions. While the digital yuan has focused on consumer payments and smart contracts within a controlled environment, a stablecoin would extend the yuan’s reach into the global crypto market, offering a stable, low-volatility asset for traders and investors who currently rely heavily on USD stablecoins. Consider the potential impact: Feature USD-backed Stablecoins (e.g., USDT, USDC) Potential Yuan-backed Stablecoin Pegged Currency U.S. Dollar Chinese Yuan (CNY) Primary Use Crypto trading, DeFi, cross-border payments Crypto trading, DeFi, cross-border payments, potentially Belt and Road Initiative settlements Issuance Model Typically private companies, regulated by Western authorities Likely private companies with central bank oversight/approval, regulated by Chinese authorities Geopolitical Impact Reinforces U.S. dollar’s global standing Boosts yuan’s internationalization and China’s financial influence Ant Group and Tech Giants: Driving the Stablecoin Push The push for a yuan-backed stablecoin isn’t solely government-driven. Leading Chinese tech behemoths like JD.com and Ant Group are actively encouraging the central bank to approve such initiatives. Their motivation is clear: they operate at the intersection of traditional finance and digital innovation, and they recognize the immense potential and the competitive disadvantage of not having a native stablecoin. The rising influence of U.S. dollar-linked stablecoins in global digital transactions poses a challenge to China’s vision of financial autonomy and digital economic leadership. Why are these tech giants so keen? Market Share: They want to capture a piece of the rapidly expanding stablecoin market, which is currently dominated by non-Chinese entities. Innovation: A yuan stablecoin could unlock new use cases for their platforms, from advanced payment solutions to integration with blockchain-based services. Strategic Advantage: It would give them a significant edge in competing with global tech firms in the digital asset space, aligning with national strategic goals. Response to Demand: There’s likely growing demand from their vast user bases and partners for a stable digital asset pegged to the yuan. The involvement of these powerful private sector players indicates a broad consensus within China regarding the necessity and potential benefits of a yuan-backed stablecoin. What are the Potential Benefits of a Yuan-backed Stablecoin? The strategic implications of China launching a yuan-backed stablecoin are far-reaching. Here are some key benefits: Enhanced Financial Stability: By providing a stable digital asset, it could reduce volatility in crypto markets for yuan-denominated transactions, attracting more participants. Lower Transaction Costs: Blockchain-based stablecoins can offer faster and cheaper cross-border payments compared to traditional banking rails. Increased Yuan Internationalization: A widely adopted yuan stablecoin would naturally increase the yuan’s global footprint, making it more accessible and usable in international trade and finance. Innovation in DeFi and Web3: It could foster a new wave of decentralized applications and Web3 projects built around the yuan, creating a parallel ecosystem to the current dollar-centric one. Geopolitical Influence: A successful yuan stablecoin would bolster China’s standing as a leader in digital finance, offering an alternative to the Western-dominated financial system. Navigating the Challenges: What Lies Ahead? Despite the immense potential, the path to a widely adopted yuan-backed stablecoin is fraught with challenges: Regulatory Framework: Developing a robust and transparent regulatory framework that balances innovation with financial stability and anti-money laundering concerns will be critical. Trust and Transparency: Gaining international trust will require clear auditing of reserves and transparent governance, a hurdle given China’s historically opaque financial systems. Privacy Concerns: As with the digital yuan, concerns about state surveillance and data privacy could deter some international users. Global Acceptance: Overcoming the entrenched dominance of the U.S. dollar and its stablecoin counterparts will require significant effort and compelling advantages. Technological Scalability: Ensuring the underlying blockchain infrastructure can handle the massive volume of transactions required for global adoption is a major technical challenge. Actionable Insights for Businesses and Investors What does this mean for you, whether you’re a business looking at international trade or an investor eyeing the crypto market? For Businesses: Keep a close eye on developments. A yuan-backed stablecoin could offer new, more efficient channels for trade with China and other Belt and Road Initiative countries. It might reduce foreign exchange risks and transaction fees. For Investors: Diversification might become even more crucial. While USD stablecoins remain dominant, a credible yuan-backed alternative could offer new arbitrage opportunities and a hedge against dollar fluctuations in the digital asset space. Understand the regulatory environment and the risks associated with any new stablecoin. For Innovators: The emergence of a yuan stablecoin could open up new avenues for DApp development, cross-chain solutions, and integration with existing financial platforms in the East. Conclusion: The Dawn of a New Digital Financial Era? Shanghai’s exploration into a yuan-backed stablecoin is more than just a policy discussion; it’s a clear signal of China’s ambition to reshape the global digital financial landscape. Supported by powerful tech giants like JD.com and Ant Group, this initiative aims to create a formidable alternative to the prevailing U.S. dollar-centric stablecoin ecosystem. While significant challenges remain, the potential benefits—from enhanced financial stability and lower transaction costs to increased yuan internationalization—are too compelling for China to ignore. As the world moves further into the digital age, the race for digital currency dominance is heating up, and China is positioning itself to be a frontrunner, potentially ushering in a new era of multi-polar digital finance. To learn more about the latest crypto market trends, explore our article on key developments shaping digital currency institutional adoption.