US-based healthcare company Welgistics Health has announced plans to use XRP not only as an investment vehicle but also as a payment instrument and profit-generating mechanism. Documents filed with the US Securities and Exchange Commission (SEC) by the company indicate that XRP has been integrated into its business model. Ripple advocate and attorney Bill Morgan commented on the SEC document, saying, “This S-1 filing lays out a strategy to integrate XRP not just as an asset but into the company's financial and operational structure.” According to Morgan, Welgistics Health aims to utilize the XRP Ledger infrastructure to process transactions with pharmacy customers and manufacturing and distribution partners in a cost-effective and real-time manner. This initiative is cited as an example of the real-world use of XRP in business-to-business payments. Related News: Critical Levels in Bitcoin Have Been Set - What Levels Must Be Exceeded for an Explosive Uptrend? What Level Is Important to Prevent a Decline? The same document also outlines the company's plans to raise funds through the issuance of stock or bonds in the future and use these funds to purchase additional XRP. The company intends to use the acquired XRP as collateral to raise funds and profit from XRP-based transactions. Bill Morgan commented on this as “an example of how XRP can go beyond being a mere investment vehicle and function as a means of payment and collateral.” However, these statements have sparked mixed reactions within the cryptocurrency community. While XRP supporters see the initiative as a positive use case, some experts have expressed skepticism about the company's financial structure. Former securities attorney Mark Fagel pointed out that Welgistics Health's actual assets are limited and that its recent financial reports include a “continue operating” warning. There has also been criticism that XRP could be used as a marketing tool. *This is not investment advice. Continue Reading: Nasdaq-Listed Company Announces XRP Reserve – But Doubts Remain
Ether ETFs finished the week on a high note with $453 million in inflows, continuing their record-breaking streak. Bitcoin ETFs also stayed in the green, adding $131 million despite a major GBTC outflow. Crypto ETF Flows Favor Ether ETFs as Bitcoin ETFs Stay Positive The week ended with a bang for ether exchange-traded funds (ETFs),
Bitcoin’s gradual ascent after its Friday plunge to a two-week low continues as the asset has risen to just over $118,000 over the past 12 hours or so. Although most altcoins are somewhat sluggish on a slow Sunday, a few have tapped multi-month peaks, such as Cronos (CRO). BTC Taps $118K Bitcoin’s latest all-time high, which took place on July 14, was followed by an expected correction and consolidation period. Within days, the asset slumped to under $120,000 and spent most of the next week trading sideways between that upper boundary and $117,000. After a few rejections at $120,000, the bears took control and initiated a considerable leg down that pushed the cryptocurrency to a low of $114,500. This came as Galaxy Digital offloaded 80,000 BTC (valued at over $9 billion) for a third party. Once the sell-off was completed , bitcoin’s price started to recover and jumped past $117,000 yesterday and up to $118,400 today. This meant that the asset has recovered four grand since the Friday low. Its market capitalization has climbed to $2.350 trillion, while its dominance over the altcoins has stalled at 59.2%. BTCUSD. Source: TradingView These Alts Are Pumping Most altcoins are with minor gains today as well. Ethereum jumped to $3,800 earlier today after a 1-2% increase. Ripple’s native token is at $3.2 after a similar daily jump. BNB, SOL, DOGE, TRX, and ADA have charted similar gains as well. SUI continues with its impressive run, having surged by another 6% and is well above $4.2. BCH and CRO have added over 5-6% in a day, which has helped the latter surge to a new six-month high of over $0.14. The top performer among the largest 100 altcoins is HBAR. It has risen by more than 10% and now trades over $0.29. The total crypto market cap has recovered another $30 billion and is up to $3.970 trillion on CG. The metric reached a multi-week low on Friday at under $3.870 trillion. Cryptocurrency Market Overview. Source: QuantifyCrypto The post CRO Explodes to 6-Month High, BTC Price Reclaims $118K: Weekend Watch appeared first on CryptoPotato .
Gemini co-founder and CEO Tyler Winklevoss has accused JPMorgan Chase & Co. of pausing the onboarding process of the crypto exchange as a customer following his recent criticism of the bank’s operations. This development marks the latest update to a rapidly developing case between one of the crypto industry’s key players and the largest bank in the US. JPMorgan Aims To Silence Us: Winklevoss In an X post on July 19, Tyler Winklevoss strongly criticized JPMorgan and its CEO, James Dimon, after Bloomberg reported that the American bank was about to start charging companies for access to customer data. The Gemini boss claimed that these new fees were harmful, as they could bankrupt fintechs that play a crucial role in linking customers’ bank accounts to crypto exchanges, enabling deposits and withdrawals. Winklevoss explains that the “Open Banking Rule” under Section 1033 of the Consumer Financial Protection Act still granted all users the right to freely access their banking information through a third party, hinting that JPMorgan’s new policy violates the law. One week later, in a new post on July 25, Tyler Winklevoss states that JP Morgan has now halted the process of enrolling Gemini as a customer in response to these comments. This development comes after the American banking giant reportedly offboarded the crypto exchange during Operation Chokepoint 2.0. The Gemini co-founder said: My tweet from last week struck a nerve. This week, JPMorgan told us that because of it they were pausing their re-onboarding of @Gemini as a customer after they off-boarded us during Operation ChokePoint 2.0. They want us to stay silent while they quietly try to take away your right to access YOUR banking data for free through third-party fintechs like @Plaid. However, according to Bloomberg, JPMorgan claims the new fee policy is targeted at ensuring data requests are strictly customer-related. The American bank explains: We receive nearly two billion monthly requests for customer data from middlemen, and more than 90 percent of those are unrelated to a consumer using fintech services. Having a charging structure will ensure that data is provided only when customers request it, and that data middlemen are fostering a safe, secure data ecosystem that system we built and maintain—and that their entire industry was built upon.” Following this development, crypto enthusiasts now continue to await further updates on the case, especially considering US President Donald Trump’s focus on building a pro-crypto business environment. Crypto Market Overview At the time of writing, the total crypto market cap remains valued at $3.84 trillion following a 1.78% gain in the past 24 hours.
In a turbulent second quarter (Q2) for the cryptocurrency market, Avalanche (AVAX), a layer-1 blockchain platform frequently considered a competitor to Ethereum (ETH), reported a mixed bag of financial metrics. Avalanche Price Declines But User Engagement Soars A recent analysis from data firm Messari revealed that AVAX’s price fell 4.2% quarter-over-quarter, dropping from $18.77 to $17.99. This decline came alongside a 2.6% decrease in its circulating market cap, which fell from $7.8 billion to $7.6 billion. The impact of this price drop was also reflected in AVAX’s market ranking, which fell from 15th to 16th among all cryptocurrencies. However, not all metrics were negative. Transaction fees for AVAX surged by nearly 29% during the quarter, increasing from 58,300 to 75,170. In terms of revenue, transaction fees in USD also rose slightly, going from $1.50 million to $1.54 million, indicating a growing user base and increased activity on the platform. Related Reading: Is $1 Dogecoin ‚Inevitable‘? Analyst Cites Perfect Storm Of Factors A particularly bright spot for Avalanche in Q2 2025 was the significant growth in daily transactions across its C-Chain and other layer-1s. Average daily transactions skyrocketed by 169.91%, reaching 10.1 million compared to 3.7 million in the previous quarter. This was complemented by a dramatic increase in daily active addresses, which surged by 210.45% to 519,954, suggesting a robust uptick in user engagement. In line with this growth, Avalanche also reduced its average transaction fees by 42.7%, from $0.05 to $0.03. This reduction is largely attributed to the Octane upgrade, which introduced a dynamic fee mechanism on Avalanche’s C-Chain, allowing for real-time fee adjustments to enhance user experience and reduce costs. C-Chain Transactions And DeFi TVL Soar The C-Chain in particular saw impressive usage growth, with average daily transactions jumping 493.4% from 244,995 at the end of Q1 to 1.4 million by the end of Q2. Daily active addresses also experienced a healthy increase of 57% quarter-over-quarter, rising from 29,554 to 46,397. Notably, there was a spike to 419,619 daily active addresses on May 11. As seen in the chart above, Avalanche’s total value locked (TVL) in decentralized finance (DeFi) rose 37.1%, climbing from $1.1 billion to $1.5 billion. However, the stablecoin market cap on Avalanche saw a significant decline of 23.8%, dropping from $1.9 billion to $1.5 billion. Related Reading: Crypto Founder Reveals What Will Drive Ethereum Price To $10,000 The rise in daily active addresses across Avalanche’s layer-1 platforms was particularly noteworthy. The average daily active addresses surged by 444.8% quarter-over-quarter, from 68,723 to 374,402. As of this writing, AVAX’s price has recovered from Q2 lows toward the $23 zone, rising 35% in the past thirty days due to the recent bullish sentiment that led Bitcoin (BTC), the market’s leading crypto, to reach a new all-time high above $123,000. Featured image from DALL-E, chart from TradingView.com
Last night marked a significant moment for Mutuum Finance (MUTM) as Phase 6 of its presale launched at $0.035, immediately sparking a 20% price surge. This price movement isn’t just a fleeting spike; it signals a deeper momentum driven by expanding adoption and the platform’s innovative yield mechanics. Experts and early backers alike are eyeing…
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