Coinbase Institutional forecasts a positive outlook for the cryptocurrency market in the second half of 2025, driven by improved economic growth, corporate adoption, and regulatory progress. Coinbase Report Highlights Three Key Crypto Themes for Second Half 2025 Coinbase Institutional projects a constructive outlook for the cryptocurrency market in the second half of 2025. The analysis
Ripple has once again sparked intense discussion across the crypto community by burning 20 million RLUSD, its U.S. dollar-backed stablecoin. The announcement, made by crypto analyst Xaif on X, revealed that the tokens were permanently removed from circulation, igniting a range of reactions from the XRP Army. While some users celebrated the move as a sign of ecosystem maturity, others were left confused about the purpose and mechanics behind stablecoin burns. RLUSD Burn Explained RLUSD is Ripple’s enterprise-grade stablecoin , launched in late 2024 to offer secure, on-chain liquidity tied 1:1 to the U.S. dollar. Like other fiat-backed stablecoins, RLUSD is minted when users deposit USD and burned when users redeem their tokens for fiat. This ensures the circulating supply always matches the funds held in reserve. The recent 20 million token burn suggests that large-scale redemptions occurred, prompting the removal of an equivalent amount of RLUSD from the market. Though Ripple has not issued an official statement, the burn appears to be part of regular supply adjustments aimed at maintaining the stablecoin’s peg and preventing oversupply. BREAKING 20 Million $RLUSD Burned! 20M RLUSD permanently removed from circulation. Ripple’s ecosystem just got tighter. #XRP #RLUSD #CryptoNews pic.twitter.com/0Rx9rqpT51 — 𝕏aif | (@Xaif_Crypto) June 13, 2025 This activity is typical in stablecoin ecosystems and shows that RLUSD is working as designed, enabling smooth entry and exit for users while maintaining full backing and transparency. Mixed Reactions From the XRP Community Despite the technical soundness of the burn, the move drew a flurry of responses from the XRP community, ranging from curiosity to criticism. In Xaif’s post, several users voiced confusion about the implications. Alpha Whisky asked, “Why would RLUSD burn? What’s going on?”—a question that captured the general sentiment among those unfamiliar with stablecoin operations. Crypto Enthusiast added, “Makes no difference with RLUSD—it can be minted right?” suggesting that the burn may have little long-term significance. Another user, michelle511, questioned whether burning was even possible for fiat-pegged tokens: “How can stablecoins get burned? They’re tied to the US$?” This reflects a widespread misconception. While RLUSD is tied to the dollar, it doesn’t mean the supply is fixed. Supply changes dynamically based on user deposits and redemptions. When users exchange RLUSD for cash, the returned tokens are destroyed to preserve the 1:1 ratio. XRP Supply Debate Rekindled The discussion quickly shifted toward XRP itself. Normandy King commented, “Wish they burn XRP, not RLUSD ,” echoing a common frustration among long-time XRP holders. Many in the community have long advocated for reducing XRP’s large circulating supply, especially given the ongoing monthly unlocks from Ripple’s escrow. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 However, RLUSD and XRP serve very different purposes. RLUSD is a stable means of exchange, ideal for enterprise settlements and DeFi transactions that require predictability. In contrast, XRP is utilized for providing on-chain liquidity and facilitating cross-border transactions by bridging fiat currencies . Burning RLUSD doesn’t directly impact XRP’s supply or price, but it signals that Ripple’s broader ecosystem is becoming more active and efficient. A Sign of a Healthy Ecosystem? The 20 million RLUSD token burn has sparked mixed reactions within the XRP community, but some see it as a positive development. It shows that the stablecoin is being used as intended, issued when needed, redeemed when not, and carefully adjusted to meet real demand. As RLUSD adoption grows, such burns will likely become more common. Rather than being a cause for concern, these events underscore Ripple’s commitment to transparency and sound monetary management within its ecosystem. In the absence of official commentary from Ripple, speculation is inevitable. But for those who understand stablecoin mechanics, the message is clear: RLUSD is alive, active, and functioning with the reliability it promised at launch. As Ripple continues expanding its financial infrastructure, both RLUSD and XRP will play complementary roles —one offering stability, the other liquidity. And while the debate continues, the XRP Army remains on high alert, watching every move Ripple makes. 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 urged to do in-depth 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 Twitter , Facebook , Telegram , and Google News The post XRP Army Reacts As Ripple Goes on Another RLUSD Burning Spree In Millions appeared first on Times Tabloid .
Seven issuers filed or amended applications for spot Solana exchange-traded funds (ETFs) with the U.S. Securities and Exchange Commission (SEC) on June 13, marking the latest wave of institutional interest in the Layer 1 blockchain. Key Takeaways: Seven Solana ETF filings hit the SEC, including new entries and amendments from major issuers. Analysts say staking language in the filings could complicate approval timelines. Market optimism remains high, with Bloomberg projecting a 90% chance of approval by 2025. Despite the flurry of filings, analysts warn that approval remains far from guaranteed. “I think there needs to be a back and forth with the SEC and issuers to iron out details, so I doubt it,” Bloomberg ETF analyst James Seyffart said . Analyst Warns Solana ETF May Face Long Road Like Bitcoin ETFs Drawing parallels to the protracted approval process for Bitcoin ETFs, he noted, “If anyone remembers the Bitcoin ETF launch, there were A LOT of filings over the preceding couple months before launch.” Among the June 13 filings was Fidelity’s first S-1 registration for its Solana ETF. 21Shares, Franklin Templeton, Grayscale, Bitwise, and Canary Capital also submitted amendments to existing applications, while VanEck — the first firm to file for a Solana ETF back in June — rounded out the list with an amended filing of its own. Seyffart emphasized a key complication: staking. “All of them include staking language, I believe,” he said, underscoring that staking provisions, unlike past Bitcoin and Ether ETFs, could trigger regulatory pushback. While Ether ETF issuers are also seeking permission to offer staking features, the SEC has yet to sign off. They haven't yet. But I would not be surprised if they were to eventually do that. But right now it doesn't seem like they will be in the first wave (whenever these launch) — James Seyffart (@JSeyff) June 13, 2025 Still, market sentiment appears to be shifting. Bloomberg Intelligence in April placed 90% odds on a Solana ETF approval by 2025. And Bloomberg’s Eric Balchunas added fuel to speculation earlier this week, posting: “Get ready for a potential altcoin ETF summer with Solana likely leading the way.” Seyffart admitted the SEC could theoretically greenlight staking features for both Solana and Ether ETFs simultaneously, but added, “I have no insight into what will actually happen.” SEC Pushback on Staking ETFs Raises Doubts About Regulatory Direction Last week, the SEC raised new objections to ETF proposals from REX Financial and Osprey Funds that include staking mechanisms for Solana and Ether. The regulator argued these funds may not qualify as traditional ETFs under current rules, casting uncertainty over the future of staking-enabled investment products. Manthan Davé of Ripple-backed Palisade said the resistance shows the SEC struggling to reconcile existing frameworks with fast-evolving crypto technologies. Davé pointed out the contradiction in the SEC’s stance—acknowledging that staking may not be a securities activity, yet resisting products built around it. This inconsistency, he warned, risks stifling innovation and sending capital offshore. He called for clearer guidance and modernized classifications that account for how staking underpins blockchain security and value creation. Without it, the U.S. may continue to lose ground in the digital finance race. The post Seven Solana ETF Filings Hit SEC — But Is Approval Still a Long Shot? appeared first on Cryptonews .
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Lawmakers in New York have passed a bill to limit disasters caused by artificial intelligence. According to the bill, the state wants to prevent AI models created by firms like OpenAI, Google, and Anthropic from contributing to disaster scenarios. According to the bill , these scenarios include the death or injury of more than 100 people or more than $1 billion in damages or losses. The bill, known as the RAISE Act, represents a win for movements pushing AI safety. The movements have lost steam in the last few years as Silicon Valley and the Trump administration have continued to prioritize speed and innovation. Advocates focused on safety, including Nobel laureate Geoffrey Hinton and AI research pioneer Yoshua Bengio are behind the RAISE Act. If it eventually gets signed into law, the bill would establish the first set of legally mandated transparency standards for leading artificial intelligence labs in the United States of America. New York considers RAISE Act to limit AI-fueled disasters The RAISE Act has some of the same provisions and goals as the controversial AI safety bill SB 1047 in California, which was eventually vetoed. However, a co-sponsor of the RAISE Act, New York State Senator Andrew Gounardes, mentioned in an interview that he designed the bill in a way that it doesn’t stifle innovation among startups or academic researchers, a common criticism the SB 1047 faced. “The window to put in place guardrails is rapidly shrinking given how fast this technology is evolving,” said Senator Gounardes. The senator also said that most of the people who are well-versed in the AI sector have also recognized these risks, a development he called “alarming.” Meanwhile, the RAISE Act is now on its way to the desk of New York Governor Kathy Hochul, where she could either sign it into law or send it back for amendment. Another option would be for her to veto the bill, which is likely. If it is eventually signed into law, the RAISE Act will require some of the biggest AI labs in the world to publish safety and security reports on their frontier AI models. The bill also mandates AI labs to report safety incidents concerning AI model behavior or bad actors stealing an AI model, if it happens. If tech companies fail to live up to these standards, the RAISE Act empowers New York’s attorney general to bring civil penalties of up to $30 million against them. RAISE Act seeks to regulate AI labs The RAISE Act was designed to regulate the largest AI firms globally, including those based in California like OpenAI and Google , and those based in China, like DeepSeek and Alibaba. The requirements of the bill include a mandatory clause that applies to companies that used more than $100 million in computing resources to train their AI models and are available to residents in New York. Although similar to SB 1047 in some ways, the RAISE Act addresses some of the previous AI safety bills. For example, no clause requires AI model developers to have a kill switch on their models nor does it hold companies that post-train their models accountable for critical harms. Nevertheless, there has been pushback on the New York bill, according to co-sponsor of the RAISE Act, New York State Assembly member Alex Bores. He called the resistance unsurprising but added that the RAISE Act will not limit the developmental prowess of tech companies in any way. “The NY RAISE Act is yet another stupid, stupid state-level AI bill that will only hurt the US at a time when our adversaries are racing ahead,” said Andreessen Horowitz general partner Anjney Midha in a Friday post on X. Andreessen Horowitz and startup incubator Y Combinator were in fierce opposition to SB 1047. In addition, Anthropic co-founder Jack Clark also shared his grievances over how broad the RAISE Act is, noting that it could present risks to smaller firms. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites
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The SEC has announced a wave of new staff appointments, including professionals with notable experience in the cryptocurrency and blockchain industry. The hires come as Congress weighs legislation to clarify digital asset regulation and as the regulator adjusts its stance on several previously proposed rules tied to crypto. In a notice issued on Friday, the SEC confirmed the appointment of Jamie Selway as director of trading and markets. Selway, a veteran of traditional finance, also served as global head of institutional markets at Blockchain.com from 2018 to 2019. His dual expertise in finance and crypto signals the agency’s growing recognition of digital asset markets. Joining him is Brian Daly, a former partner at law firm Akin Gump Strauss Hauer & Feld LLP, who will head the SEC’s investment management division. Daly has previously advised clients on digital asset compliance and contributed to public commentary during SEC rulemakings. “I’ve long respected and appreciated the SEC’s commitment to regulatory oversight,” Daly said in a statement. Congress Considers CLARITY Act The new appointments come as lawmakers in the U.S. House of Representatives prepare to vote on the CLARITY Act, a proposed bill aimed at defining the regulatory boundaries between the SEC and the CFTC regarding digital assets . The legislation could significantly shape the landscape for crypto oversight in the United States. On Thursday, the SEC also announced it would be withdrawing certain proposed rulemakings issued between March 2022 and November 2023. This includes rules that would have expanded the definition of “exchange” to cover decentralized finance (DeFi) platforms. The proposed rules also included tighter regulations for crypto custody practices. Leadership Gaps Remain at SEC and CFTC This withdrawal marks a notable retreat from the SEC’s previously aggressive approach to regulating digital assets, though analysts say the agency’s future direction could still shift depending on new leadership and legislative outcomes. Despite the recent hires, the SEC continues to operate with one vacant commissioner seat, with no nomination yet from President Donald Trump. Commissioner Caroline Crenshaw, whose term ended in June 2024 , is expected to step down by 2026. Meanwhile, the CFTC faces an even deeper leadership gap, with three commissioner seats currently vacant. Former CFTC commissioner Brian Quintenz has been nominated by Trump to serve as chair, though no additional nominations have been announced. The post SEC Brings in Crypto-Savvy Hires Amid Regulatory Shifts appeared first on TheCoinrise.com .
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Ripple CEO Brad Garlinghouse predicted that XRP could soon take a chunk of SWIFT’s trading volume. Meanwhile, Circle’s USDC recently launched on the XRP Ledger (XRPL). Both developments could provide a huge boost for the XRP price, given the altcoin’s role in the XRPL ecosystem. XRP Price Gets A Boost With Ripple CEO Garlinghouse’s Prediction At the XRPL Apex Conference, Brad Garlinghouse predicted that the XRP could capture 14% of the volume that SWIFT processes by 2030. He noted that SWIFT has two key components: messaging and liquidity. The Ripple CEO added that liquidity is where the power lies and that if XRP drives the liquidity layer, it would gain significantly. This could also spark a surge in the XRP price in the process. Related Reading: Ripple Issues Stern Warning To Investors As CEO Celebrates New XRP Milestone Ripple uses XRP for its payment services, which it runs on the XRPL. In this case, Ripple is betting on taking 14% of SWIFT’s trading volume because of how fast and easy it is to process these cross-border transactions using blockchain technology. This isn’t the case for SWIFT, as the platform focuses more on interbank messaging for these cross-border transfers. In a now-deleted X post, pro-XRP lawyer John Deaton commented on this prediction and what it could mean for the XRP price. He stated that SWIFT processes approximately $5 trillion in transactions daily. This means that 14% of SWIFT’s daily market volume equates to $700 billion daily or approximately $175 trillion annually. Deaton failed to give a particular price prediction based on these numbers. However, Fruition, another XRP community member, provided a calculation that could put the XRP price in triple digits. In an X post, they noted that SWIFT moves 150 trillion per year and that 14% of that is 21 trillion. Fruition added that 21 trillion through the XRPL means 58 billion tokens, which equates to $357 for the XRP price. Circle’s USDC Launches On XRPL In an X post, Circle announced that its USDC stablecoin is now available on the XRP Ledger, another development that is bullish for the XRP price. The stablecoin firm noted that XRPL users will now be able to use USDC for DeFi liquidity provisioning, payments, and it could also serve as a settlement option for infrastructure apps. Related Reading: Daily Timeframe Says XRP Price Is On The Verge Of Breakout Crypto analyst Moon Lambo broke down why the USDC launch on XRPL is bullish for the XRP price. He stated that this development will substantially increase the total value locked on the network, which is a major predictor of whether the XRP price will appreciate. The crypto analyst added how this provides additional utility for XRP. He noted that the altcoin will be used to pay gas fees on every USDC transaction on the network. At the time of writing, the XRP price is trading at around $2.15, up almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com