Ripple Labs has pledged an additional $5 million to advance blockchain research and education across the Asia-Pacific region. The funding will be distributed through its long-running University Blockchain Research Initiative ( UBRI ), which supports academic institutions working on blockchain technology. The additional funds will support universities in six countries, with new grants earmarked for Taiwan and Australia. Ripple also renewed its partnerships in South Korea, Japan, and Singapore. Ripple Deepens APAC Roots with New Blockchain Grants for Taiwan, Australia, and More According to a blog post on Tuesday, the company described this expansion as part of a long-term strategy to nurture blockchain talent and academic research in one of the world’s most active fintech regions. “Asia-Pacific has long been a hub of fintech and blockchain innovation, and Ripple has been proud to invest in the region’s academic talent from the very beginning,” said Eric van Miltenburg, Ripple’s SVP of Strategic Initiatives. Academic research is the engine behind blockchain breakthroughs: https://t.co/RnzZiqUB6f Ripple has been investing in the next generation of blockchain talent for over seven years, and we're deepening that commitment in Asia-Pacific with new UBRI partnerships, including our… — Ripple (@Ripple) June 10, 2025 In South Korea, Ripple has renewed a six-year, $1.1 million partnership with Korea University and continues to support research at Yonsei University and Hanyang University. Professors, there are working on zero-knowledge proof technology, Layer 2 solutions, and privacy-focused tools. Ripple has also extended its support in Japan, where total UBRI funding for the University of Tokyo and Kyoto University now exceeds $1.5 million. Singapore also remains a key partner. Ripple has provided a new grant to Nanyang Technological University (NTU) and renewed funding for the National University of Singapore (NUS), raising its total funding in the country to more than $3 million. At NTU, research teams are building an AI agent network on the XRP Ledger. “This grant significantly enhances our research and empowers us to pursue high-impact projects,” said Professor Yang Liu of NTU. “It also enables more students and researchers to engage with the blockchain ecosystem.” In Taiwan, Ripple is launching its first UBRI partnership with the National Kaohsiung University of Science and Technology (NKUST). The university will explore real-world asset tokenization using XRPL and launch a student builder club and XRPL validator. Australia is also seeing renewed investment. The Australian National University (ANU) received funding to support legal research on blockchain and XRPL development. Victoria University joined UBRI to work on blockchain curriculum and applied research. The funding supports blockchain law courses, research on Layer 2 platforms like Evernode, and student publications. Since its launch, UBRI has invested over $11 million in Asia and partnered with 13 institutions in the region. Ripple plans to bring together global blockchain researchers this year for its seventh annual UBRI Connect, hosted during the XRP Ledger Apex event in Singapore. “Seven years into UBRI and with 60 university partners globally, we’ve seen firsthand the value of long-term collaboration, Asia-Pacific has long been a hub of blockchain innovation, and we’re proud to deepen our investment here,” Eric added. Ripple Broadens Global Impact with Education and Startup Grants in 2025 Push As Ripple ramps up its support for blockchain research in Asia-Pacific, the company is also deepening its global philanthropic efforts. In May, Ripple announced a $25 million commitment to U.S. education nonprofits DonorsChoose and Teach For America. In a first, the two organizations will receive the majority of the grant in Ripple’s USD-backed stablecoin, RLUSD. The funding will support a wide range of education programs throughout the year, covering thousands of classroom projects, Teach For America’s Ignite tutoring program, and the STEM Innovation Challenge. This comes shortly after Ripple’s $50 million grant in March to support the launch of the National Cryptocurrency Association (NCA), a nonprofit working to raise crypto awareness across the U.S. @NatCryptoAssoc has launched to improve crypto literacy in the U.S., backed by a $50 million grant from @Ripple . #ripple #nca #xrp https://t.co/p5BVP9Ofun — Cryptonews.com (@cryptonews) March 5, 2025 The NCA plans to offer educational resources and public engagement to help users better understand crypto’s real-world use. A survey backed by Ripple revealed that over 80% of Americans want more guidance on digital assets. Meanwhile, in Asia, Ripple has extended its support to early-stage Web3 projects in Japan through a new partnership with the Asia Web3 Alliance’s Web3 Salon. Startups building on the XRP Ledger (XRPL) can apply for grants of up to $200,000 per project, funded through Ripple’s XRPL Japan and Korea Fund, a slice of its broader 1 billion XRP developer support initiative. Since 2018, Ripple says it has donated over $200 million globally, with nearly 80% of its workforce participating in community impact programs. The post Ripple Labs Commits Additional $5M to Boost Blockchain Research in Asia-Pacific appeared first on Cryptonews .
The HYPE is real. Hyperliquid’s native HYPE token went past $41 on June 10, riding a wave of aggressive whale accumulation and bullish market sentiment, coming well past its previous all-time high registered in May. At the heart of the action is a $9.976 million investment in the crypto asset by a prominent whale, flagged by blockchain analytics platform Spot on Chain. Whale Frenzy The purchase, made up of 259,367 HYPE at an average price of $38.46, is viewed by some as a show of renewed confidence in the decentralized derivatives exchange and its in-house token. According to Spot on Chain, this particular deep-pocketed investor has now realized over $10 million in profits from trading HYPE, highlighting its lucrative recent performance. Other whales are also piling in. In the last 24 hours, wallets tagged as “0xd83” and “0x9E8” have collectively scooped up over 99,000 HYPE, with one pending order for 57,000 tokens at $24.95 by address “0xab6” suggesting that even lower bids remain active. This frenzy comes amid expanding ecosystem support, after blockchain-based wealth management firm SwissBorg announced earlier in the month the integration of HYPE and PURR tokens into its Meta-Exchange. The platform’s user-friendly approach could significantly boost HYPE’s accessibility and liquidity with offers for seamless swaps from 16 fiat currencies and on-chain staking enabled. Interestingly, this bullish behavior has persisted despite a May 24 security scare where HyperFND, a Hyperliquid-affiliated X account, was compromised . However, as the team clarified, the core blockchain remained untouched, and instead of panic, investors doubled down. The token rebounded quickly, charting new highs just days after the incident. Strong Fundamentals From a price action standpoint, HYPE has gained just over 15% in the last 24 hours, moving from slightly under $35 to its current level of well over $40, according to CoinGecko data. Across seven days, the token has climbed 11%, easily outpacing the broader crypto market, which is up only 3% in the same period. Additionally, it has gained 65% in the past month to command a market cap of over $13.6 billion, placing it as the 13th largest cryptocurrency in the market. The momentum can be traced back to a series of bullish catalysts. In late May, Hyperliquid surpassed $9.37 billion in open interest , signaling intense derivatives activity. Furthermore, the platform made regulatory inroads, with the team submitting comments to the U.S. Commodity Futures Trading Commission (CFTC) advocating for clear DeFi frameworks. The post Hyperliquid’s HYPE Surges to New ATH as Whales Continue to Accumulate appeared first on CryptoPotato .
Societe Generale plans to launch a USD-pegged stablecoin, USD CoinVertible. This move aligns with increasing institutional interest in stablecoin integration. Continue Reading: Societe Generale Dominates the Stablecoin Arena with USD CoinVertible Introduction The post Societe Generale Dominates the Stablecoin Arena with USD CoinVertible Introduction appeared first on COINTURK NEWS .
Chinese and U.S. trade representatives convened in London to address critical issues surrounding rare earth exports and technology export controls. The discussions, scheduled to resume Tuesday at 5:00 PM Hong
A false announcement claiming Paraguay had adopted Bitcoin as legal tender was posted from President Santiago Peña’s hacked X account, prompting swift clarification from the government and raising concerns over digital platform vulnerabilities. Bitcoin Community Misled by Presidential Account Hack A fraudulent post from Paraguayan President Santiago Peña’s personal X account caused a brief stir across the cryptocurrency world on Monday. The post, written in English, falsely declared that Paraguay had made Bitcoin legal tender and had established a $5 million BTC reserve, even including a wallet address for alleged “investment” purposes. The post read, "Investors: your investment today will determine the scale of this rollout. Secure your stake in Bitcoin." This messaging marked a stark departure from Peña’s typical posts, which are almost exclusively in Spanish. Government Responds Swiftly The excitement surrounding the announcement was short-lived. Paraguay’s presidential office quickly issued a statement from its official X account, confirming that the president’s personal account had been accessed by an unauthorized party. Citizens were urged to disregard any unverified posts from Peña’s profile until the matter was resolved. The presidential office noted it was working with X to “clarify the situation” and reminded the public that only information disseminated through verified government channels should be trusted. Peña Acknowledges Breach Hours after the fraudulent post was taken down, President Peña addressed the breach in a new message from his restored account. He thanked both Paraguay’s Cyber Incident Response Team (CERTpy) and X’s internal security team for their role in handling the incident: “I express my appreciation to the CERTpy and X teams for their quick and professional response to the security incident on my official X account. Cybersecurity is key, and these events show us that we must all contribute to building a safe, reliable, and resilient digital ecosystem.” As of publication, the misleading post had been deleted while the government’s statement remains live on the platform. Broader Concerns Over Crypto Scams The incident highlights ongoing concerns about the use of social media platforms like X.com as vectors for crypto scams. High-profile figures have frequently been targeted by hackers to promote false crypto announcements. In 2021, Indian Prime Minister Narendra Modi’s account was similarly compromised to claim that India had adopted Bitcoin as legal tender. In another case, the U.S. SEC’s X account was breached earlier this year through a SIM-swap attack that led to the false announcement of BTC ETF approvals. Paraguay’s Crypto Status Although Paraguay has attracted notable Bitcoin mining activity, particularly from firms like HIVE, the country has not taken formal steps toward adopting Bitcoin as legal tender. Unlike El Salvador, which did so in 2021 under President Nayib Bukele, Paraguay has yet to establish a comprehensive crypto regulatory framework. The false post coincided with renewed regional discussions on digital assets, spurred in part by El Salvador’s ongoing Bitcoin experiment and its complex negotiations with the International Monetary Fund. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Coinbase CEO Brian Armstrong predicts impending approval of high-stakes stablecoin act
TRON has kicked off a critical vote to halve block and voting rewards, which would significantly raise TRX’s annual deflation rate from 0.85% to 1.29% The TRON ( TRX ) network has officially commenced voting on Proposal No. 102 , which seeks to cut the block reward from 16 TRX to 8 TRX and reduce the voting reward from 160 TRX to 128 TRX. Launched by TRON’s community super representatives today, June 10 at 11:07 AM Singapore time, the voting window will remain open until June 13 at 2:00 PM. If passed, the proposal would raise TRX’s annual deflation rate from 0.85% to 1.29%. This means that the new supply of TRX will continue declining, significantly increasing its scarcity and potentially boosting the token’s proce — which is good news for TRX H ODLers . You might also like: Jupiter DAO kicks off vote to officially integrate Jup and Juice Media Studio The vote comes as TRX price tracks towards the upper boundary — around $0.30— of a well-defined ascending channel that has guided the market since mid-March. The RSI sits in the bullish territory at 64 without showing signs of divergence, and the MACD has recently triggered a bullish crossover with rising histogram bars. Source: TradingView Should TRX price break the upper trendline resistance around $0.30, it could trigger a strong bullish continuation, with the next price target extending toward $0.33 based on the measured move from the ascending channel. However, the price will likely first pullback and retest the lower trendline at ~$0.27 because RSI is nearing overbought territory, which often precedes pullbacks. You might also like: Fartcoin breaks out as golden cross and shark pattern point to $2 rally ahead
The Bitcoin price is still holding above $100,000 despite suffering a crash right before the weekend. It has since bounced back from the $104,000 level, suggesting that bulls are making their stand at this major psychological level. Now, with the crypto market sitting at what looks to be a critical point, questions are arising about what the next step could be from here. Can Bitcoin still rally, or is this the end of a rather short and underwhelming bull market? Bitcoin Price Still Has A Long Way To Go Crypto analyst Doctor Profit has been a vocal voice when it comes to the bullishness of the Bitcoin price. He has continued to call for higher prices even at a time when the wider community is expecting the cryptocurrency to keep falling from here. In fact, the crypto analyst believes that the leading crypto could see its price double from here, despite already hitting multiple new all-time highs. Related Reading: Ethereum Head & Shoulders Pattern Breakdown: Can Bulls Reclaim Control? In a post on X, Doctor Profit explained the reasoning behind this and why he believes that the Bitcoin price still has room to run. The first thing he pointed to was the fact that a rare Golden Cross had appeared on the Bitcoin price chart. This happened three weeks ago, and back then, the analyst called out the chart formation, explaining that this meant that the bull run was not over. This is because every time Bitcoin had flashed a Golden Cross in the past, it had been the start of another massive run. Just like now, it is first followed by a 10% decline in price, which was achieved when Bitcoin fell from $111,900 to $100,000. Now that the first part of the trend seems to have been fulfilled, expectations are that the other parts will play out similarly. In addition to this, he explains that Bitcoin has also formed its diagonal resistance, which it is now looking to break out from. A successful break would put it back above $108,000 as it gears up for the next leg-up. Macro Factors That Support The Thesis Not only does the chart technicals show this possible recovery, but the upcoming Consumer Price Index (CPI) data, expected to be released on Wednesday, plays into this as well. Doctor Profit explains that Wall Street is already expecting the CPI to come in at 2.5%, a rather high number. Related Reading: Dogecoin’s Growth Pattern Hints At Massive June–July Rally After 5-Month Pullback Instead, he believes that the CPI will come in lower, putting it between 2.1% and 2.3%. A lower figure would mean that there is a slowdown in inflation, allowing room for more risk-taking and pushing markets such as stocks and crypto higher. Also, there is the matter of the negative funding rate, which suggests that there are more shorters in the market right now, expecting the price to tank. Data from Coinglass shows the Bitcoin funding rate has dropped to one of the lowest levels this year, and the analyst says this is a sign of a healthy market. “Overall, I see a strong trend and markets will continue to rise with first targets between 108-110k, and this is by far not the end,” Doctor Profit said. “The golden cross is promising us between 70-170% in gains in the coming months!” Featured image from Dall.E, chart from TradingView.com
BitcoinWorld Sky Token: Founder Rune Christensen Makes Significant Additional Purchase In the fast-paced world of cryptocurrency, market movements by key figures often capture significant attention. Recently, a notable transaction involving the Sky token has piqued the interest of investors and analysts alike. It appears that Rune Christensen, the visionary behind Sky (formerly known as MakerDAO), is doubling down on his commitment to the project through substantial token acquisitions. What Did Sky Founder Rune Christensen Just Do? Reports have surfaced indicating that a wallet address widely understood to belong to Rune Christensen executed a significant token purchase just recently. According to pseudonymous analyst EmberCN, who shared the information via X, this address was used to acquire an additional 3.96 million SKY tokens. This particular transaction involved the use of 300,000 USDS, highlighting a direct investment by the project’s leader into its native asset. This move, occurring roughly 30 minutes before the initial report, adds another layer to Christensen’s recent activity in the SKY market. Why Is This Sky Token Purchase Significant? Looking at the broader picture, this latest acquisition is part of a larger pattern. EmberCN’s analysis reveals that since June 4, Rune Christensen has accumulated a total of 8.29 million SKY tokens. These purchases were made using an aggregate of 630,000 USDS. Why does a token purchase by a crypto founder matter? Here are a few key reasons: Demonstrating Confidence: A founder buying their project’s tokens signals strong belief in its future success and potential value. It shows they have skin in the game beyond just building the technology. Aligning Interests: By holding a significant amount of the token, the founder’s financial interests become more closely aligned with those of the community and other token holders. Potential Market Signal: Such actions can be interpreted by the market as a bullish indicator, potentially influencing investor sentiment and trading activity for the Sky token . Long-Term Vision: Large personal purchases often suggest a long-term perspective rather than short-term speculation, implying the founder sees significant future growth. The fact that the founder of a prominent project like Sky (with its roots in the established MakerDAO ecosystem) is making these moves is certainly a noteworthy piece of cryptocurrency news . What Does Rune Christensen’s Token Purchase Mean for Sky? While a founder’s buying activity is not a guarantee of future price performance or project success, it is undoubtedly a data point that many in the crypto community consider important. For Sky, this could: Boost morale within the community and among developers. Attract renewed attention from potential investors who look for signs of insider confidence. Potentially increase demand for the Sky token in the short term as others react to the news. It’s crucial to remember that the crypto market is influenced by numerous factors, and a single individual’s buying activity is just one piece of the puzzle. However, when that individual is the founder with a proven track record (from MakerDAO), the signal carries extra weight. Actionable Insights from This Cryptocurrency News For those following the market or interested in the Sky project, Rune Christensen’s recent activity serves as a strong signal of conviction. While not financial advice, this could be a prompt to: Research the Sky project’s recent developments and roadmap. Analyze the market performance of the Sky token in light of this news. Consider the broader context of founder holdings and insider activity within the crypto space. Understanding why a crypto founder makes a significant token purchase provides valuable context for evaluating a project’s potential. Conclusion: A Founder’s Vote of Confidence Rune Christensen’s consistent and significant buying of Sky token since early June, culminating in the recent 3.96 million SKY acquisition, sends a clear message. It suggests a deep-seated belief in the future of the Sky ecosystem he is building. For observers of the cryptocurrency news cycle, this isn’t just a transaction; it’s potentially a powerful vote of confidence from the very top. As the Sky project continues to evolve, the actions of its founder will undoubtedly remain a key indicator many will watch closely. To learn more about the latest cryptocurrency trends, explore our articles on key developments shaping the market’s future. This post Sky Token: Founder Rune Christensen Makes Significant Additional Purchase first appeared on BitcoinWorld and is written by Editorial Team
The rise of the Russian ruble has less to do with a rise in confidence in the currency and more with the Central Bank of Russia’s economic maneuvers and the establishment of capital controls amid the ongoing conflict. The Russian Ruble Is 2025’s Best-Performing Currency. But Why? According to Bank of America, the Russian ruble