There is a cord that could indirectly connect Elon Musk’s X-Money payment system to XRP, making the digital asset one of the tools for its success. Cross River Bank reportedly holds all bank accounts associated with the payment system. The Good news for the XRP community is that Cross River Bank has been a Ripple partner since 2014, providing real-time international payments. This connection was brought to the community’s attention by Amelie (@_Crypto_Barbie), a prominent crypto proponent on X, who highlighted the bank’s role in the development of X-Money. JUST IN: ELON MUSK TO LAUNCH 𝕏-MONEY WITH ALL BANK ACCOUNTS HELD BY CROSS RIVER BANK! CROSS RIVER BANK ALREADY INTEGRATED RIPPLE FOR REAL-TIME INTERNATIONAL PAYMENTS! #XRP X MONEY https://t.co/6NaoNRfdSU pic.twitter.com/IMz61LvRYT — 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) May 30, 2025 Musk has recently confirmed that a limited-access beta version of the payment system will launch soon. For many in the XRP community, this is a significant moment, as they have long advocated for XRP to be used in Musk’s financial platforms. The presence of Ripple-enabled banking infrastructure at the core of X-Money’s backend raises new questions about the possibility of XRP becoming a part of the global payments functionality Musk is building. Ripple’s Relationship With Cross River Bank Ripple’s collaboration with Cross River Bank began in September 2014, when the bank announced its adoption of the Ripple protocol to offer real-time international payments. According to a blog post published by Ripple, Cross River Bank became one of the first U.S. banks to integrate the Ripple network. The goal was to provide instant, secure, and compliant cross-border transactions, particularly between the United States and Western Europe. Many experts believe XRP can lead an instant payment revolution , and this partnership shows the asset’s potential. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Will Musk Integrate XRP? Ripple technology enables financial institutions to send funds in any currency in real time, without the need for reserve funding. It is built to provide a fast, low-cost, and secure settlement layer that complies with regulatory standards. Suppose Cross River Bank is serving as the foundational banking partner for X-Money. In that case, this creates a clear pathway for Ripple technology, particularly XRP, to become part of the broader payment architecture on X. Recent rumors suggest that Musk will integrate XRP into the new payment system. Although the billionaire has not confirmed these rumors, the infrastructure is likely in place to make it happen without requiring major changes. Grok, Musk’s AI-powered chatbot, has named XRP as the best asset for cross-border payments . Meanwhile, Ripple’s enterprise-grade systems have already proven with Cross River Bank. The conditions for potential XRP use in X-Money are aligned, and if Musk approves this integration, it could change the digital asset landscape. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post This Strong Cord Could Connect XRP to Elon Musk’s X-Money appeared first on Times Tabloid .
Hashkey Exchange welcomes XRP, making it more accessible to professional investors, bolstering its position in the digital economy. XRP Joins Hashkey Exchange: A New Era of Professional Investor Access Hashkey Exchange, a licensed crypto trading platform overseen by the Hong Kong Securities and Futures Commission (SFC), has officially added XRP to its platform for professional
REX Shares has filed a prospectus with the US Securities and Exchange Commission (SEC) to launch two groundbreaking exchange-traded funds (ETFs) focused on staking Ethereum (ETH) and Solana (SOL). Rather than opting for a 19b-4 process for traditional ETF filings, REX Shares chose the 40-Act filing under the Investment Company Act 1940. This structure circumvents the protracted job of obtaining regulatory approval from the SEC and should expedite the launch in the market. James Seyffart, a Bloomberg ETF analyst, shared this news on social media and confirmed the details about REXShares’ filing. BIG NEWS: @REXShares just filed an effective prospectus for Solana and Ethereum staking ETFs to list here in the US. Don’t know launch date but could be within the next few weeks. These are 40-act funds with a unique structure and do not go through the 19b-4 process pic.twitter.com/cqUCWlFAZW — James Seyffart (@JSeyff) May 30, 2025 The move is a major development in the growth of cryptocurrency investment products in the United States. Rex Shares uses C-Corp and Cayman subsidiaries to speed ETH & SOL staking ETFs Each fund will utilize a C-corporation structure, a rare choice in the ETF industry, to facilitate participation in staking activities while adhering to regulatory standards. The funds will gain exposure to ETH and SOL through wholly owned Cayman Islands subsidiaries that will acquire and stake the cryptocurrencies. The launch date is uncertain, but Seyffart says these ETFs could be added within the next few weeks. Today’s filing comes in the wake of the US regulator, the Securities and Exchange Commission, having recently affirmed that staking through a PoS-based network is not considered securities. Commenting further on the Rex Shares filing, James Seyffart noted that it was a smart move “As you can see in screenshot above. They will be getting their spot exposure to ETH and SOL via Cayman subsidiaries. All of this, assuming they launch in near future, is a bunch of clever legal and regulatory work-arounds to get these products to market,” he said in the X post. SEC delays on spot crypto ETFs push Rex Shares to take alternative route Rex Shares opting for this not-so-traveled path is likely an indirect result of the United States not approving any crypto spot ETFs to date. The SEC recently delayed decisions on Grayscale’s Avalanche and Cardano spot ETF applications. This halt affects Grayscale’s work to transform its Avalanche Trust into a spot ETF and a similar application for Cardano. The SEC began the 240-day statutory review period of Grayscale’s Cardano ETF proposal in February, and expectations remained high as the deadline neared. Prediction markets like Polymarket put the odds at about 71%, suggesting investors were highly optimistic. However, the anticipation would be dampened by the delay. The SEC has also reopened comments to elicit feedback from the public, therefore continuing to assess both regulatory and market impact considerations. In related news, the SEC moved WisdomTree’s XRP spot ETF proposal to the next stage in the review process. The solicitation of comments is requested through public notice regarding investor protection and potential market manipulation concerns. This proposal is made pursuant to Section 19(b)(2)(B), which shows that continued review is appropriate. It would be one of the first spot XRP ETFs approved in the US if passed. Nasdaq has also filed a Form 19b-4 to list and trade shares of the 21Shares Sui ETF on its exchange, representing the launch of the initial regulatory review period. This comes after 21Shares filed an earlier S-1, signaling its interest in providing institutional exposure to the SUI token. Meanwhile, SUI — the native asset of the Sui network — saw a mere 2% price bump following the filing news. But it currently trades around $3.32, a drop of roughly 6.9% in keeping with the broader market. Cryptopolitan Academy: Coming Soon - A New Way to Earn Passive Income with DeFi in 2025. Learn More
Spot Bitcoin ETFs encountered net outflows after ten days of inflows. BlackRock’s iShares fund stood out with notable net inflows despite the trend. Continue Reading: Spot Bitcoin ETFs Witness a Surprising Shift in Inflows and Outflows The post Spot Bitcoin ETFs Witness a Surprising Shift in Inflows and Outflows appeared first on COINTURK NEWS .
Bitcoin’s recent rally is facing challenges as retail interest recedes and previously dormant coins begin circulating again. Long-term BTC holders are increasingly dominant as new investor inflows remain subdued. The
A veteran cybersecurity researcher says he’s discovered a secret database containing the login credentials for over 184 million accounts across numerous platforms. Data-breach hunter Jeremiah Fowler says he has found an unprotected database of exactly 184,162,718 login records across more than 47 GB of data. Fowler says that judging on the size and the scope of the database, it may be some kind of compilation, either kept by researchers investigating a data breach or other criminal activity, or possibly directly owned by data thieves themselves who acquired the credentials using malware. “Knowing the login and passwords of millions of accounts is a dream come true for cyber criminals — they probably have a long list of how exposed credentials and emails could be exploited.” Fowler says a small sample of records he analyzed contained 479 Facebook accounts, 475 Google accounts, 240 Instagram accounts, 227 Roblox accounts, 209 Discord accounts, and more than 100 each of Microsoft, Netflix, and PayPal accounts. The sample also included Amazon, Apple, Nintendo, Snapchat, Spotify, X, WordPress, Yahoo, and many other types of login info, reports Wired . With the scope of information that was exposed, Fowler says the victims are now vulnerable to several kinds of attacks, including corporate espionage, phishing and social engineering, account takeovers, and more. He also mentions that government entities appeared to be included in the hack. “I saw numerous .gov accounts from countries around the world. These could be a serious potential risk if any of those compromised accounts had security clearance to sensitive areas of the state networks or data.” The exact origins of the database are unknown, but Fowler notes that the password field was labeled as “Senha,” which is “password” in Portuguese. Fowler says he believes it’s “highly possible” that a cybercriminal is to blame, calling it the only reasonable explanation for the massive collection of login data. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post 184,000,000 Usernames and Passwords Exposed in Extraordinary Data Breach – Apple, Microsoft, Facebook, Google, Netflix, Instagram, Spotify, Discord, Roblox and PayPal Users Affected: Report appeared first on The Daily Hodl .
Market's recovery might start sooner than expected
Bitcoin’s rally shows strain as retail interest fades and older coins re-enter circulation.
Data shows a large number of long liquidations have occurred in the cryptocurrency market as Bitcoin and other assets have plunged. Crypto Liquidations Have Surpassed $712 Million Over The Past Day According to data from CoinGlass, chaos has occurred on the derivatives market following the volatility Bitcoin and the company have gone through during the last 24 hours. Related Reading: Bitcoin MVRV Ratio Signals Price Hot, But Not In Danger Zone Yet Below is a table that shows how the liquidations have looked for the cryptocurrency sector within this window. As is visible, almost $712 million in cryptocurrency contracts have seen forceful closure from their platform in the past day. About $477 million of these came during the last twelve hours alone. Bitcoin and the altcoins, especially, have seen a decline in this period, so it’s not surprising to see that the liquidations have overwhelmingly affected the long investors. More specifically, the holders betting on a bullish outcome have been involved in more than 90% of the flush. A mass liquidation event like this latest one is popularly known as a squeeze, and given the sharp imbalance toward the bulls, this particular event would be called a long squeeze. During a squeeze, a large amount of liquidations get triggered at once and feed back into the move that caused them. This unleashes a cascade of further liquidations, making such events quite volatile. As for which of the individual tokens contributed the most to the long squeeze, the heatmap below shows it. Bitcoin and Ethereum, the top two cryptocurrencies in terms of market cap, have also come out on top in this list, with the former observing liquidations of $221 million and the latter that of $116 million. The third-ranked coin, however, hasn’t been XRP, but rather Solana, which is a couple of spots lower in terms of market cap. SOL’s $32 million in liquidations may be down to the fact that it has seen a larger decline than XRP. While Bitcoin has seen a push down during the past day, its downfall actually started much earlier, with the high around $112,000 from May 22nd acting as the top so far. According to a report from the on-chain analytics firm Santiment, this peak coincided with a spike in whale activity. The indicator displayed in the chart is the “Whale Transaction Count,” which tells us about how many whale-sized transfers are occurring on the BTC network every day. Related Reading: Toncoin Open Interest Spikes 33%—Will History Repeat With A Pullback? It would appear that both versions of this metric (tracking transactions valued at more than $100,000 and $1 million) surged to a high level earlier in this month, a potential sign that profit-taking from these humongous entities forced Bitcoin toward a top. Bitcoin Price BTC saw a dip under the $105,000 level earlier in the day, but it appears the coin has since observed a small rebound as it’s now back at $105,800. Featured image from Dall-E, Santiment.net, CoinGlass.com, chart from TradingView.com
President Donald Trump announced on Friday that he will raise tariffs on steel imported into the United States from 25% to 50%, aiming to further protect American steelworkers. Speaking at a U.S. Steel facility in West Mifflin, Pennsylvania, Trump told an applauding crowd of employees that he had a “major announcement.” He said the higher tariff would “secure the steel industry in the United States” and warned that no one would be able to “get around that” new tariff rate. “We are going to be imposing a 25% increase,” Trump explained. “We’re going to bring it from 25% to 50%, the tariffs on steel into the United States of America, which will even further secure the steel industry in the United States. Nobody’s going to get around that.” He added that he had considered setting the rate at 40%, but industry leaders persuaded him to go further. “At 25% they can sorta get over that fence,” Trump said. “At 50% nobody’s getting over that fence.” Trump’s move builds on the sweeping tariffs he first imposed on March 12, when he set a 25% tax on all steel imports and a 10% levy on aluminum. At the time, Canada responded with its own duties, and American auto makers warned of higher costs. The European Union also announced countermeasures, which it later dropped. On Friday, Trump praised those original measures, claiming they saved the U.S. steel sector from collapse. He said that without the first round of tariffs, “all steel would have been foreign-made and factories would have closed.” Analysts warn that steel prices may increase due to the tariffs Still, analysts warn that higher levies could push up prices for steel, a critical material in construction and manufacturing, two industries Trump has said he wants to strengthen. Since March, the price of domestically produced steel has climbed, as American mills no longer face as much competition from abroad. A 2023 report by the International Trade Commission looked back to when Trump applied steel tariffs in 2018, finding that U.S. steel output did rise, but costs climbed for cars, tools, and machines. Those higher expenses cut production in affected industries by more than $3 billion in 2021, the agency said. Trump is using a law known as Section 232, which lets the president impose tariffs on imports deemed a threat to national security. Last year, the U.S. bought $31.3 billion worth of iron and steel. Canada topped the list at $7.6 billion, according to Commerce Department figures. Later in his remarks, Trump turned to another issue: the sale of U.S. Steel to Japan’s Nippon Steel. During his 2024 campaign, he had opposed the deal, and President Joe Biden had blocked it, citing security concerns. But Trump said he came to believe Nippon could save the company and keep jobs in America. “U.S. Steel was being sold into foreign hands with no protections for our great steel workers,” he said. “And I said there’s no way we’re gonna let that happen. I was watching over you.” But he added that Nippon and U.S. Steel leaders kept improving the terms. “They kept asking me and I kept rejecting them: No way, no way, no way,” he said. “Every time they came in, the deal got better and better and better for the workers.” A key change was a so-called golden share that gives the U.S. government a say in company decisions. “I’m going to be in Washington; I’m gonna be watching over it,” Trump promised. Trump at a steel rally in West Mifflin, Pennsylvania. Source: FOX 5 Washington DC Wrapping up, Trump said that with higher tariffs and the Nippon agreement, U.S. Steel workers had much to celebrate. He invited several employees onstage, and they spoke about the challenges the industry had faced. They thanked him for his actions. “This is going to be a very big day,” Trump told the workers. “This is going to be one of the biggest days in your life.” KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage