Strategy holds 3.012% of Bitcoin’s net supply after raising its treasury to 632,457 BTC, worth roughly $70.4 billion at current prices. The corporate accumulation makes Strategy the largest public corporate
BitcoinWorld Xapo Bank Executive Hire: Strategic Move as Tommy Doyle Joins Leadership Exciting news from the digital banking world! Xapo Bank, a pioneering licensed virtual asset currency provider and custodian, recently announced a significant Xapo Bank executive hire that is set to bolster its leadership team. This strategic move sees Tommy Doyle, a seasoned veteran from FalconX and Coinbase, stepping into a pivotal role. This development signals Xapo Bank’s continued commitment to strengthening its institutional offerings and client relationships. Who is Tommy Doyle, and What Does This Xapo Bank Executive Hire Mean? Tommy Doyle brings a wealth of experience to Xapo Bank, particularly in the fast-paced world of digital assets and institutional finance. Before this crucial Xapo Bank executive hire , Doyle led FalconX’s European business, a prominent digital asset prime brokerage that caters to institutional clients. His background also includes a significant tenure in hedge fund sales at Coinbase, one of the world’s largest cryptocurrency exchanges. These roles have equipped him with deep insights into the needs and complexities of institutional investors navigating the crypto landscape. At Xapo Bank, Doyle will assume the vital position of Head of Relationship Management. This role is instrumental in fostering strong connections with clients, ensuring their needs are met, and expanding the bank’s reach within the institutional market. His expertise will undoubtedly be a major asset. Why is This Xapo Bank Executive Hire a Game-Changer for Digital Banking? Xapo Bank operates as a unique entity in the financial world. It is not just a bank; it is also a licensed virtual asset currency provider and custodian. This means it offers traditional banking services alongside secure storage and management of cryptocurrencies, bridging the gap between fiat and digital assets for high-net-worth individuals and institutions. The appointment of Tommy Doyle as Head of Relationship Management underscores Xapo Bank’s focus on enhancing its service for sophisticated clients. His experience with institutional-grade crypto services at FalconX and Coinbase directly aligns with Xapo Bank’s mission to provide secure, regulated, and seamless financial solutions. Here’s why this Xapo Bank executive hire is so impactful: Strengthened Institutional Ties: Doyle’s network and understanding of institutional requirements will help Xapo Bank attract and retain more high-value clients. Enhanced Client Experience: His expertise ensures a refined approach to client relationship management, leading to better service and tailored solutions. Strategic Market Positioning: This move solidifies Xapo Bank’s position as a serious contender in the institutional crypto banking space, signaling its ambition for growth. Navigating the Future: What Challenges and Opportunities Lie Ahead for Xapo Bank? The digital asset industry is constantly evolving, presenting both immense opportunities and complex challenges. With this strategic Xapo Bank executive hire , the institution is clearly positioning itself to capitalize on the growing demand for regulated crypto banking services. Opportunities for Xapo Bank include expanding its global footprint, innovating new financial products that blend traditional and digital assets, and becoming the go-to platform for institutions seeking secure crypto solutions. However, challenges persist, such as navigating diverse regulatory environments, managing market volatility, and fending off increasing competition. Doyle’s leadership in relationship management will be crucial in addressing these. By building trust and understanding client needs, Xapo Bank can better adapt its offerings and maintain its competitive edge. This hire reflects a proactive strategy to thrive in a dynamic financial landscape. In conclusion, the Xapo Bank executive hire of Tommy Doyle is far more than just a personnel change; it represents a strategic advancement for the institution. By bringing in a leader with extensive experience in institutional crypto and client relations, Xapo Bank is reinforcing its commitment to growth, exceptional service, and navigating the future of digital banking with confidence. This move is a clear indicator of the bank’s ambition to solidify its standing as a premier provider in the virtual asset space. Frequently Asked Questions (FAQs) 1. What is Xapo Bank? Xapo Bank is a licensed virtual asset currency provider and custodian that offers a unique blend of traditional banking services and secure cryptocurrency management for high-net-worth individuals and institutions. 2. Who is Tommy Doyle? Tommy Doyle is a former FalconX executive who previously led their European business and also worked in hedge fund sales at Coinbase. He has now joined Xapo Bank as the Head of Relationship Management. 3. What is the significance of this Xapo Bank executive hire? This hire is significant because Tommy Doyle brings extensive experience in institutional crypto and client relations from prominent firms like FalconX and Coinbase, which will help Xapo Bank strengthen its offerings and expand its reach in the institutional digital asset market. 4. What does a Head of Relationship Management do at a crypto bank? A Head of Relationship Management is responsible for building and maintaining strong relationships with clients, understanding their financial needs, and ensuring they receive excellent service, particularly in the complex and evolving digital asset space. 5. What is FalconX? FalconX is a prominent digital asset prime brokerage that provides comprehensive trading, credit, and clearing services for institutional clients in the cryptocurrency market. Did you find this insight into Xapo Bank’s strategic move valuable? Share this article with your network on social media to keep others informed about the latest leadership changes in the exciting world of crypto banking! To learn more about the latest crypto banking trends, explore our article on key developments shaping institutional adoption in the digital asset space. This post Xapo Bank Executive Hire: Strategic Move as Tommy Doyle Joins Leadership first appeared on BitcoinWorld and is written by Editorial Team
Katsunobu Katō, a Minister of Finance of Japan, has recommended that the country create a supportive environment for the crypto ecosystem. According to Katō, Japan’s strategies in diversified investment should include cryptocurrencies. During a digital assets forum WebX2025 in Tokyo held on Monday, August 25, the financial minister highlighted digital assets’ capability to fit into broad portfolios. He also mentioned a list of risks encompassing the digital assets. To curb this, Katō stated that establishing a conducive investment atmosphere is essential in reducing these risks. In a statement, he acknowledged that “these crypto assets could be part of diversified investments.” Concerning the regulations for the innovation sector, the financial minister noted that they are burdensome and suffocating the sector. Hence, introducing crypto in the trading system will act as a new trade channel to enhance innovation without the availability of unnecessary obstacles. Japan intends to include crypto assets in its economic investment portfolio Minister Katō’s pro-crypto stance has raised controversy among individuals. For instance, in a recent X post, André Dragosch, a Director and Head of Research – Europe at Bitwise, asked whether Japan’s economic transition towards cryptocurrency oversight would enable the country to establish a strategic Bitcoin reserve. Considering Japan’s seriousness in venturing into crypto, US President Donald Trump’s son Eric Trump has reportedly eyed the country to expand his family’s Web3 business. Moreover, he will attend Metaplanet’s shareholder meeting, the second-largest corporate Bitcoin holder in Asian content. To mark the process of crypto adoption in Japan, research from reliable sources highlighted that last week, Japan’s Financial Services Agency (FSA) had approved the launch of a yen-denominated stablecoin, the country’s first stablecoin that is pegged to its yen. JPYC, a startup in Tokyo, will lead this project. Jamie Elkaleh, the Chief Marketing Officer at Bitget Wallet, also weighed in on the topic of discussion. According to Elkaleh, yen stablecoins are an important aspect of the economy. They could simplify cross-border transactions, attract institutional investors striving for efficiency, and offer liquidity for government bonds that serve as collateral. In the meantime, several significant improvement plans have been set for the crypto ecosystem. For example, profits achieved from the crypto sector in Japan are currently subjected to tax rates as high as 55%. However, relevant authorities intend to shift this sector to a different tax group, which would reduce this rating to 20%. The Japanese ruling party, the Liberal Democratic Party (LDP), has also pledged reforms such as implementing insider trading regulations similar to those applicable to stocks. This plan primarily prevents malicious actors from illegally accessing and benefiting from inside details. The WebX2025 event was scheduled for August 25 to 26 in Tokyo. Among the prominent figures present were Japan’s Prime Minister Shigeru Ishiba, Minister of Finance Katsunobu Kato, and the Governor of Tokyo Yuriko Koike. Industry executives such as Justin Sun, Changpeng CZ Zhao, Mike Novogratz from Galaxy, and Arthur Hayes from Maelstrom also attended the event. Japan implements new crypto initiatives to create a conducive environment for crypto Japan’s new crypto initiative aims to enhance retail investors’ confidence in the country’s domestic market, boosting their participation, and reigniting their trust in its financial system. This comes after Japan doubtfully disapproved of digital assets for several years. Another significant change in Japan’s trade framework is the categories put in place for digital assets. Suppose the digital assets are viewed as financial products under the Financial Instruments and Exchange Act. In that case, the relevant regulators will implement transparency and disclosure rules like those in the stock market. This action is anticipated to open the door for Japan’s first spot Bitcoin ETF, enabling it to align with the United States and Canadian markets closely. KEY Difference Wire helps crypto brands break through and dominate headlines fast
The leading Ethereum treasury bolstered its coffers significantly again last week.
Strategy (formerly MicroStrategy) now controls 3 out of 100 Bitcoins (BTC) in existence, more purchases to come?
After a strong weekend rally, many altcoins are pulling back – but XRP appears to be an exception, backed by a wave of whale accumulation that supports a bullish XRP price prediction . Over the past 8 days, large XRP wallets have added more than $758 million worth of tokens. According to Santiment , wallets holding between 10 and 100 million XRP increased their combined holdings from 7.51 billion to 7.76 billion tokens – a notable 3.3% rise in a short timeframe. At the same time, XRP trading volumes have doubled in the past 24 hours , now reaching $7.5 billion , which is nearly 5% of the circulating supply . On Friday, volumes hit $10 billion as XRP briefly surged to $3.10 . While it pulled back from that level, the price reclaimed it on Sunday, showing resilience near this key resistance. The 1-hour chart shows strong selling pressure at the $3.10 zone, but with whales consistently buying below the $3 psychological threshold , momentum appears to be building for another breakout. With deep-pocketed investors positioning early, XRP may be gearing up for its next leg higher . XRP Price Prediction: Confirmed Breakout Above $3.4 Would Kick Off Rally to $10 The daily chart shows that XRP has been consolidating for months as the price has been bouncing up and down in a range between $2 and $3.4. Consolidation patterns occur after big moves like the rally we saw in November-January, triggered by President Donald Trump’s victory in the U.S. Presidential election and a favorable ruling that marked the beginning of the end of a long-standing legal case against Ripple. Market conditions are favorable at the time, as the current administration has pushed forward multiple supportive initiatives for the crypto industry, like the passing of the Genius Act. In this environment, Ripple’s vision of becoming the preferred decentralized solution for cross-border payments will keep making progress. The chart shows that a break above $3.4 could set in motion a massive rally toward $10 as it would confirm the continuation of the uptrend we saw during November-January. As altcoin season gathers steam, one presale is standing out from the crowd – Best Wallet Token. Best Wallet ($BEST) Raises More Than $15M and Could Explode After Listings Best Wallet Token ($BEST) has now raised over $15 million , and many believe it could be the next 10x gainer once listings go live. This isn’t just another crypto wallet project. Best Wallet is the first to integrate Fireblocks’ MPC-CMP security tech , making it one of the most secure non-custodial wallets on the market. It supports assets across more than 60 blockchains , offers low swap fees , and is packed with investor-focused features – including Upcoming Tokens , a powerful tool that gives users exclusive access to top presales before they hit the market. The sleek mobile app has earned strong ratings across both the Apple App Store and Google Play , thanks to its intuitive design and multi-wallet support. Why $BEST Has Real 10x Potential The $BEST token fuels the entire ecosystem, offering users: Governance rights , allowing holders to vote on key platform decisions Reduced transaction fees inside the wallet Stage 0 access to presales through the Upcoming Tokens page Higher staking rewards via Best Wallet’s staking aggregator To buy $BEST and reap the highest returns, simply head to the Best Wallet website and connect your wallet. If you don’t have one, you can download the Best Wallet app here . You can invest using ETH , USDT , or a bank card . Click Here to Participate in the Presale The post XRP Price Prediction: Whales Buy $758M in 8 Days – $10 XRP Run Now Officially Underway appeared first on Cryptonews .
XRP price is showing early-week weakness, trading near the hourly support at $2.92; a decisive close below $2.92 could trigger a drop toward $2.50–$2.70, while a hold above $3.00 would
Bitmine, chaired by market oracle Tom Lee, announced that it purchased more than $800 million worth of Etheruem (ETH) over the past week. In an official statement, the company reported that it had $8.82 billion in crypto and cash assets as of August 24. The company stated that it holds 1,713,899 Ethereum, 192 Bitcoin, and $562 million in cash, worth $4,808 per token. The company's holdings added more than 190,500 Ethereum, up $2.2 billion from the $6.6 billion reported the previous week. BitMine's cryptocurrency holdings rank it the number one Ethereum treasury firm and the second global crypto treasury firm after Strategy (MSTR), which holds 629,376 BTC worth $71 billion. BitMine President Tom Lee said: “Last week, BitMine increased its crypto and cash holdings by $2.2 billion to $8.8 billion. Last week, the company added more than 190,500 tokens, from 1.52 million tokens to 1.71 million tokens. This is the second straight week that BitMine has been able to raise capital from institutional investors at this pace, as it continues to support its goal of purchasing 5% of the ETH supply. At BitMine, we lead our crypto treasury competitors with the high trading liquidity of our shares.” As BitMine continues to purchase ETH to reach its Ethereum target, the company continues to receive support from a group of leading institutional investors, including Cathie Wood of ARK, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, and Galaxy Digital. *This is not investment advice. Continue Reading: Ethereum's MicroStrategy Giant Purchased Large ETH Again Today! "Ethereum Maintains Its Leadership!"