The chief investment strategist at Charles Schwab believes that a restrained Fed is one of the key reasons why markets are bullish. In an interview on the Excess Returns YouTube channel, Liz Ann Sonders says investors prefer a calm and steady Fed, even amid pressure from President Trump to cut rates, as inflation remains elevated. Sonders also notes that the Fed’s current pause is perfectly in line with its mandate of low inflation and maximum employment. “I think part of the reason why the market is doing well is because the Fed is not cutting. A combination of because they’re not bowing to political pressure, and oh and by the way, neither side of their dual mandate suggests that they should be cutting. Financial conditions are easy. The unemployment rate is steady, actually has been coming down. Inflation is still above their target. So the conditions just don’t suggest that they should be easing.” The investor points out that a Fed rate cut at this stage could backfire by tightening financial conditions and triggering a market drop. She explains that borrowing costs are tied to the 10-year Treasury yield, a rate determined by market forces and not directly set by the Fed. The Charles Schwab executive warns that a cut could push yields higher, making it more expensive for consumers and businesses to borrow. “And there’s a distinct possibility that if the market feels the Fed is prematurely lowering rates, doesn’t have the incentive to do that based on their mandate, that you could have a repeat of what happened as recently as last fall – when the Fed cut by a 100 basis points and the Fed funds rate and the 10-year yield over the same exact span of time went up by a 100 basis points. So this idea that if we just get the Fed to cut rates, that that eases borrowing costs for companies and brings mortgage rates down, suggests a misunderstanding of what rate it is that is tied to borrowing rates for corporations, for individuals. I think part of the reason why the market has done well is because the Fed doesn’t have the conditions that suggest easing.” 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 Markets Are Rallying Because the Fed Is Not Cutting, Says Charles Schwab Exec – Here’s Why appeared first on The Daily Hodl .
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X-user WrathofKahneman, who closely follows Ripple’s activities and is well-known in the cryptocurrency community, shared the first public part of an important application made by the company to the US Office of the Comptroller of the Currency (OCC). According to the disclosures, Ripple has applied for a license to establish a limited-purpose national trust bank. According to the application, this new structure aims to hold Ripple's RLUSD (Ripple USD) reserves and establish a regulated infrastructure for tokenized financial products. It also raises the possibility of direct access to the Fed in the future. According to WrathofKahneman, this initiative isn't targeting individual users. According to the Banking Comprehensive Revision Act (CRA), the regulation doesn't apply to banks that don't provide loans or take deposits and only offer trust-based services. This suggests Ripple's new structure will focus solely on business (B2B) services. Related News: Market Prophet Tom Lee Shares His Bullish Prediction on Ethereum (ETH) Price Ripple's Application Doesn't Provide Any XRP Details Another notable detail is that the application doesn't directly mention XRP. Analysts note that Ripple is attempting to clearly separate XRP from its banking license, aiming to avoid regulatory confusion. However, there's no indication that future XRP integrations are completely ruled out. The application details that Ripple Labs would own the bank, issue special shares to its executives, and that much of the application was kept confidential. This secrecy was interpreted as a sign of a potential initial public offering (IPO) plan. As a result, Ripple is aiming for a national bank license to create a regulated subsidiary to manage its tokenization infrastructure. *This is not investment advice. Continue Reading: Details Revealed About Ripple’s Application to Establish the “Ripple National Trust Bank”
LuBian’s hack dethrones ByBit as crypto’s biggest-ever heist.
Ripple Chief Technology Officer David Schwartz recently explored the idea of modernizing the XRP Ledger’s core components, including the possibility of a modular architecture and a Rust-based implementation. The comments came during an Ask Me Anything (AMA) session hosted by XRPL Commons and were shared on X by crypto commentator Crypto Eri (@sentosumosaba), who posted a clip highlighting the exchange. Despite XRPL’s longstanding performance and reliability , Schwartz did not shy away from identifying architectural inefficiencies. “It’s kind of annoying that you have a monolith that has the consensus engine, the transaction engine, and client queries all monolithically,” he said. Schwartz, who is one of the architects of the XRPL , explained that the tightly coupled components have made it difficult to implement enhancements or enable interoperability with alternative implementations. Decisions are being made today. If restarting the #XRP ledger from scratch, Ripple CTO David Schwartz discusses using "Rust" is definitely talked about. Proposals from an outside company are currently being considered for a possible modular revamp of pieces. (Rust is a… pic.twitter.com/DzEpY3gQNv — Crypto Eri ~ Carpe Diem (@sentosumosaba) August 2, 2025 Moving Toward a More Modular Architecture One solution under consideration is modularization of the transaction engine, possibly enabling it to run within a virtual machine. That shift could separate the core logic from the client-facing overlay and database components, free to evolve independently. Rust has emerged as a candidate for such a reimplementation. When asked why the ledger wasn’t already being rebuilt in Rust, Schwartz noted that discussions about doing exactly that are happening. He emphasized that the difficulty lies in untangling the existing architecture, especially the payment engine. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Schwartz explained that parts of the payment engine are difficult to define clearly, which makes rebuilding or re-implementing them challenging. Some behaviors depend on the order of operations in ways that aren’t consistently documented. To address this, he suggested rewriting those components with clearer, more predictable logic and possibly introducing formal definitions to guide future implementations. A cleaner, more consistent version would make the system easier to maintain and could help future improvements, enhancing XRP’s appeal in the global financial ecosystem . Proposals Under Review Ripple is currently reviewing external proposals to undertake parts of this effort, and Schwartz mentioned that decisions are being made about the feasibility and prioritization of such initiatives. He pointed to Aanchal Malhotra, board member and head of research at RippleX, as someone leading aspects of that process. XRP is already highly appealing to institutions , and upgrading its functionality through a modern programming language like Rust could increase institutional confidence in the asset and potentially raise adoption rates. 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 Ripple CTO: What to be Used If XRP Ledger Is Restarted from Scratch appeared first on Times Tabloid .
A crypto user has fallen victim to a sophisticated wallet-draining scam, losing $908,551 in USD Coin (USDC) nearly 16 months after unknowingly authorizing a malicious smart contract. Onchain data reveals the approval transaction was signed on April 30, 2024 — but the theft occurred much later, on August 2, 2025. This incident marks yet another alarming breach in the crypto space. The attack began with an ERC-20 approval transaction, likely embedded in a fake airdrop or a spoofed legitimate-looking website. The victim unknowingly signed the transaction, granting the scammer access to their funds. Scammer strikes 458 days later as dormant wallet springs to life The scammer’s wallet had a disreputable pink-drainer.eth address, “0x67E5Ae”, where the stolen $908,551 worth of USDC stablecoin was received. The attack was carried out on August 2 at 4:57 AM UTC, according to Scam Sniffer’s X post . This was 458 days, just after the victim accidentally approved a transaction that appeared to be legit on April 30, 2024. The unexpected attack has raised security concerns among crypto users. To address this, Scam Sniffer, a firm that keenly monitors malicious activities in the crypto space, called for the urgency of digital asset users taking caution before approving the transactions. According to the firm, users should check their approvals often. For the old ones, they should cancel them to avoid exposing their funds to scammers, emphasizing the importance of their wallet security. In the highlighted case, the compromised wallet had only seen minimal, low-value transactions up until a month before the theft, making it unlikely to attract immediate attention from scammers. The user decided to move $762,397 into a wallet with the address 0x6c0eB6 from a MetaMask wallet on July 2 at 8:41 PM UTC. Ten minutes later, the user transferred another $146,154 in USDC to the same wallet from a Kraken account. At this time, the scammer was monitoring the movement of the funds, waiting for the right time to attack while giving the user more time to see if she or he could add more funds to the wallet. The attack took place on August 2. Crypto fraud attack raises tension among investors Investigators noted that the scammer used tactics typical of a phishing approval attack , closely monitoring the victim’s transactions before executing the theft. Following such attacks, crypto authorities included stricter measures users should take while approving transactions. For example, they have introduced Etherscan’s Token Approval checker for Ethereum users, enabling them to review and cancel any token approval that is not needed. However, each cancellation process is charged a gas fee. Meanwhile, research from sources reveals that in July alone, the total stolen funds amounted to more than $142 million in the crypto ecosystem. This involves at least 17 attacks, with crypto exchange CoinDCX suffering the highest losses. Still, crypto users are worried about the security of their funds. Some have highlighted that this scammer has not been identified and arrested, which makes them even more worried. Others have called for more security measures to be effected. Get seen where it counts. Advertise in Cryptopolitan Research and reach crypto’s sharpest investors and builders.
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The Cardano community has approved funding to support several upgrades on the network. According to reports, the community approved Input Output Engineering’s (IOE) protocol roadmap for treasury funding with about 74% of voters supporting the initiative. In the press release , the platform notes that the initiative is expected to be the first community-authorized core development funding for the blockchain network. The press statement notes that the approval is expected to birth not just a set of technical upgrades, but also a shared vision for the future of Cardano, which is grounded in transparency, accountability, and momentum. The approved roadmap was designed in alignment with community priorities and approved earlier this year, revealing one of the most ambitious development phases in the Chain’s history. Cardano founder Charles Hoskinson mentioned at the time that the new approach is expected to introduce agile engineering teams to achieve a faster execution of the platform’s goals. Cardano community greenlights funding to support network upgrades The approved funding is expected to go to major upgrades, focusing on scalability, developer experience, and interoperability. The key developments will include Ouroboros Leios for increased throughput, Hydra for fast and cheap transactions, Mithril improvements for reduced bootstrap times, and Project Acropolis for modular node architecture, which will enable greater flexibility and easier onboarding of new core developers. In addition, there are also plans for performance optimization, which is expected to improve sync times and reduce RAM usage, and nested transactions, which will provide a technical foundation for more advanced smart contracts and seamless interoperability. According to Tim Harrison, the EVP Community & Ecosystem at Input Output, this development is a milestone for the platform. Harrison noted that for the first time, major protocol developments will be funded directly by the community. He noted that the move empowers the firm with the needed confidence to move forward, adding that they need to show “full transparency, shared responsibility, and a renewed commitment to building an open, resilient ecosystem.” New updates will lay the groundwork for better performance These upgrades are expected to lay the groundwork for a more scalable, accessible Cardano with better performance, unlocking new capabilities for builders and users. Aside from delivering on its promises, Cardano is also expected to support wider participation by onboarding external vendors, with most of them expected to join from the Cardano Developer Ecosystem Coalition (CDEC). According to its press statement, Cardano expects to build capacity, transfer knowledge, and help contributors stand as independent proposers in future funding rounds, strengthening decentralization over time. The funding structure is expected to integrate milestone-based payments administered by Intersect, with releases based on verified delivery. IOE will provide monthly updates, engineering timesheets, and quarterly budget reports that will be checked by the community. “Securing this funding is just the start,” said Ricky Rand, General Manager, Input | Output Engineering. “This is a vote of confidence in Cardano’s future—and a model for how decentralized funding and delivery can work at scale. The real work begins now—delivering with integrity, reporting with transparency, and building with and for the community.” Reacting to the update, Charles Hoskinson, the founder of Cardano, took to blogging platform X to show his support for the development. He thanks the crypto community for their unwavering support, urging them to let them get it done. Meanwhile, crypto community members have also supported the move, with a user noting that the future of the chain is now in the hands of ADA holders, which is a good thing for the project and a vote of confidence for Hoskinson. Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.