The post Charles Schwab Enters Crypto War, Launching Spot Bitcoin & Ethereum Trading appeared first on Coinpedia Fintech News Charles Schwab, one of America’s largest brokerage firms with $10.7 trillion in client assets, is moving closer to offering direct (spot) trading in Bitcoin and Ethereum. Meanwhile, CEO Rick Wurster just confirmed Schwab will soon launch spot trading for Bitcoin and Ethereum, hoping to help clients keep all their money, stocks, bonds, and crypto in one trusted place. Schwab Launches Bitcoin & Ethereum Trading In a recent CNBC interview, Wurster noted that Schwab’s clients already hold significant exposure to crypto through exchange-traded products (ETPs), owning more than 20% of the entire ETP market. However, crypto still makes up a small slice of Schwab’s total assets, roughly $25 billion out of $10.8 trillion. Schwab thinks giving them simple spot BTC and ETH trading “sometime soon” will unlock new growth. JUST IN: $10 trillion Charles Schwab CEO says they will launch Bitcoin trading "sometime soon" and will be competing with Coinbase pic.twitter.com/VnpHfcFed0 — Bitcoin Magazine (@BitcoinMagazine) July 18, 2025 The timing is perfect as rules for crypto are becoming clearer. The U.S. House recently passed the GENIUS Act , setting new rules for stablecoins. Along with relaxed restrictions from banking regulators, this has made it easier for companies like Schwab to move into crypto. Competing With Coinbase Schwab’s entry into spot crypto trading is aimed at challenging existing players like Coinbase. After listing Bitcoin and Ether ETFs and allowing related funds and options, adding direct coins is the next step. Wurster stated that many Schwab clients currently store 98% of their wealth with the brokerage but keep a small portion of crypto with other exchanges. They would rather view everything, stocks, ETFs, options, and now coins, in one secure dashboard. Institutions Add More Crypto The push toward crypto isn’t limited to Schwab. A March survey by Coinbase and EY-Parthenon found that 83% of institutional investors plan to increase crypto allocations in 2025, with altcoins like XRP and Solana emerging as favorites. Another study found 90% are using or testing stablecoins. Schwab wants to be ready when these allocations shift from “experimental” to “standard.” Profits Rise as Schwab Grows Even though global crypto spot trading dipped last quarter, Schwab’s quarterly profit jumped 60%, EPS hit $1.14, client assets rose 14% to $10.76T, and trading revenue climbed 23% to $952M, partly boosted by heavy activity around new U.S. tariff news For Schwab, crypto isn’t just an add-on anymore, it’s becoming part of its main business plan for the future.
A billion-dollar streaming service has agreed to shell out $3.4 million to settle a class action lawsuit alleging the company violated US privacy laws. According to a newly updated settlement portal , the sports streaming firm FuboTV will send cash payments to people who had an account on or before May 29th of this year while residing in the US or its territories. The class action lawsuit leading to the settlement was initially filed in August of 2023. It alleged FuboTV “collected, stored, used, distributed, or retained Personally Identifiable Information and/or other personal information or data, including through targeted advertising and the use of Trap and Trace Devices, the Meta Pixel, Google Analytics, Cookies, and related technology.” According to the class action lawsuit, FuboTV’s actions were in violation of the Video Privacy Protection Act – a law originally created to prevent the wrongful disclosure of videotape rental or sale records, but now also applies to streaming and digital video platforms as well. According to the settlement portal, the amount that each class member will receive is currently unknown but will depend on the number of valid claims that will be submitted. Claims must be submitted by September 12th, while the final approval hearing will be held on October 6th. Individuals who wish to exclude themselves from the settlement must submit a ‘Request for Exclusion’ by email or in writing by August 28th. 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 Streaming Service Handing $3,400,000 To Current and Former Customers To Settle Illegal Data Harvesting Allegations appeared first on The Daily Hodl .
The post XRP News Today: XRP Rally Accelerates on Ripple’s RLUSD Launch and OCC Filing appeared first on Coinpedia Fintech News XRP has been on a strong run lately , jumping 60% in the past month and beating out big names like Bitcoin, Ethereum, Solana, and Dogecoin. But the rally stirred up some confusion. Popular media figure Dave Portnoy sold his XRP, thinking that Circle, the company behind stablecoin USDC, was competing directly with Ripple. That assumption turned out to be wrong, and costly, as XRP surged another 38% in just two weeks after his sale. However, this came just after Ripple had officially applied for a national banking license with the U.S. Office of the Comptroller of the Currency (OCC), showing it’s serious about stepping into traditional finance, just like Circle is trying to do. Pro-XRP Lawyer Clears the Air It sounds like the guy who gave advice to @stoolpresidente might be a moron. Below, Dave said this guy told him that @circle would be competing with XRP and that’s why Dave should sell his XRP. Dave’s buddy clearly can’t distinguish between @Ripple , the company, and XRP, the… https://t.co/iSZwW4Tlyr — John E Deaton (@JohnEDeaton1) July 18, 2025 Crypto lawyer John Deaton stepped in to clear the air, stating definitively that XRP, the token, is not in direct competition with Circle. He emphasized that Ripple, the company behind XRP, is entering the stablecoin market with its new asset RLUSD, not XRP itself. Deaton reiterated that while Ripple and Circle operate on the same fintech infrastructure layer, XRP is a digital asset designed for liquidity and cross-border payments, not a stablecoin rival. Analyst Take a Deep Insight XRP controversy and rumors… Ripple vs Circle? WATCH for details… * XRP price action * Dave Portnoy * John Deaton * Genius Act * Institutional Update pic.twitter.com/u64AHXK4A7 — Zach Humphries (@Z_Humphries) July 19, 2025 Ripple has introduced RLUSD , its own stablecoin, aimed at carving out a share in the booming tokenized financial assets space. Ripple has already partnered with institutions like Anondo Finance, linked to JPMorgan, BlackRock, and Chase, positioning RLUSD for rapid traction. According to Crypto analyst Zach Humphries , confusing Ripple’s business ventures with XRP’s use case is a common mistake that can lead to misinformed trading decisions. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : XRP Price Prediction 2025- Analyst Sees $5+ As XRP Dominance Breaks Out , Humphries highlighted XRP’s breakout above the $2.32 resistance, a critical level aligned with the 200-day moving average . A “momentum up” buy signal was triggered by the XTLGO trading software around $2.40, and since then, XRP has gained over 43%. The token recently touched $3.65 before pulling back to $3.45, a healthy correction after its steep run. Conviction Pays Off Humphries shared that despite years of criticism, staying convicted to top-10 assets like XRP has paid off. He recalled XRP’s prolonged stagnation below $2.25 and how he saw the $2 level as the new accumulation zone. 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RLUSD is Ripple’s new stablecoin, designed to enter the tokenized financial assets space and partner with major financial institutions. What is the outlook for XRP’s price in the short term? After hitting $3.65 and correcting to $3.45, analysts are eyeing Monday for a potential continuation of the rally as institutional volume returns, following its 60% monthly surge. Is it worth it to invest in XRP? XRP may be worth investing in for those seeking legal clarity and exposure to institutional crypto adoption.
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Tech giant Microsoft intends to sign the European Union’s AI code, supporting efforts to implement the bloc’s new rules. The company’s President, Brad Smith, commented, “I think it’s likely we will sign. We need to read the documents.” Meta Platforms, however, already dismissed the EU’s guidelines. Open AI and Mistral signed the EU AI code The European Commission released the General-Purpose AI (GPAI) Code of Practice on July 10. It claimed the code would offer legal clarity to signatories and encourage the industry to comply with the AI Act , which was first instituted in 2024. Signatories of the code are required to provide summaries of their AI training data and adopt measures to comply with EU copyright rules. Unlike its counterpart, Meta, Microsoft’s Smith stated that they want to be supportive of the process, adding that they particularly appreciate the AI Office’s direct engagement with the industry. He added that the firm would be open to signing the code of practice. Companies like OpenAI and Mistral have already signed the code. In contrast, Meta Platforms insisted it would not sign the code, calling it an excessive regulation that would hinder business growth. According to the company’s global affairs chief, Joel Kaplan, Europe is taking the wrong approach to AI, arguing that the code creates legal ambiguities for model developers and imposes requirements that extend well beyond the AI Act . On the other hand, ASML Holding and Airbus wrote to the EU asking for the code to be put on hold for two years. Microsoft is investing heavily in artificial intelligence Microsoft is planning to spend about $80 billion, about £68.6 billion, on data centers to train AI models. However, the company is set to reduce its workforce significantly. The firm will lay off 15,000 workers this year, over 4% of its workforce, most of them from its Xbox video game division. Several game projects have already stalled due to the job cuts, including the Perfect Dark reboot and Everwild. Some have linked the layoffs to Microsoft’s AI investments and the productivity gains achieved through internal AI use. However, the company told reporters that AI-related efficiency is “not a predominant factor” in the recent job cuts. Nevertheless, the company asserted that its use of AI tools internally enhanced productivity across sales, customer support, and software development. Chief Commercial Officer Judson Althoff claimed the firm realized over $500 million in call center savings and improved employee and customer satisfaction. The firm also said it will utilize AI for interactions with smaller customers. Moreover, the company is using AI to get new codes for products. About 35% of the code for new products was produced by AI, significantly accelerating product releases. Last year, the firm appointed British AI pioneer Mustafa Suleyman to lead its AI operations. It also poured in a sizable investment in OpenAI, the ChatGPT maker, though recent reports point to increasing tension between the two. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
U.S. president Donald Trump has predicted a “golden age” will make crypto and the U.S. dollar “stronger and bigger and better than ever before”...
The post Ethereum Hits 6-Month High: ETF Surge, Stablecoin Law Set the Stage appeared first on Coinpedia Fintech News The crypto market cap currently stands at $3.93 trillion, with Bitcoin holding steady above $118,000. Ethereum is trading at $3,557 and XRP at $3.43, both showing minimal movement in the day. In a major move, President Trump signed the GENIUS Act into law on July 18, creating the first clear U.S. framework for stablecoin regulation. This is expected to unlock a wave of institutional capital and accelerate crypto adoption. Ethereum Hits 6-Month High with 50% Rally Ethereum is making headlines and has jumped to a six-month high of $3,677 on July 18, marking a 50% rally since it dipped near $2,400 earlier this month. One big reason for its recent surge is the passage of the GENIUS Act, which finally brings some clear rules for stablecoins and is crucial for Ethereum’s ecosystem. Rising institutional interest and record inflows into spot ETH ETFs and staking activity are also fueling the price run. ETH ETFs Overtake Bitcoin in Daily Inflows For the first time ever, Ethereum ETFs outpaced Bitcoin ETFs in daily inflows. On Thursday, US spot Ether ETFs pulled in $602 million, beating the $522.6 million that went into Bitcoin funds. The surge follows a record-setting $726 million inflow into ETH ETFs the day before. BlackRock’s ETHA led the charge, pulling in $550 million and outperforming its own Bitcoin product. James Seyffart noted the rise in demand for Ethereum ETFs and shared that they’ve pulled in over $5.5 billion since launch, with $3.3 billion of that coming in just since mid-April. Ethereum ETF Flows are booming. As a group the US spot Ether ETFs have taken in over $5.5 billion since launch. Which includes over $3.3 billion since mid April. pic.twitter.com/VFk5CM2rGP — James Seyffart (@JSeyff) July 17, 2025 Analysts See Long-Term Upside for Ethereum Analyst Michaël van de Poppe highlights a strong shift in market sentiment that began back in April. He notes that the CNH/USD and ETH/BTC pairs bottomed, while gold peaked, signaling a move from a risk-off to risk-on environment. Since then, ETH has outperformed BTC by 70%, with more upside likely over the next 12–24 months. The $ETH ETF inflow combined with the approval of the Stablecoin Bill provides a whole new thesis surrounding the #Ethereum ecosystem. The biggest inflows in history on the ETF, outperforming $BTC inflow. This bull market is getting started. pic.twitter.com/12UkXXyAn9 — Michaël van de Poppe (@CryptoMichNL) July 18, 2025 He also notes that the massive ETH ETF inflows outpacing Bitcoin’s and the approval of the Stablecoin Bill have kicked off a new phase for Ethereum, possibly signaling the start of the bull market. Ethereum Treasuries Surge More companies are adopting Ethereum as a treasury asset, mirroring MicroStrategy’s Bitcoin strategy. BitMine has acquired 300,000+ ETH, aiming to stake 5% of the total supply. SharpLink Gaming and Bit Digital are also building large ETH reserves, raising billions to expand holdings. With both hype and real progress behind it, many analysts believe ETH’s rally may have much more room to run.
Bitcoin is currently holding above the $115,000 level after setting a new all-time high of approximately $123,000 last Monday. The price structure remains firmly bullish, with buyers still in control, but growing signs suggest the potential for a short-term correction. Momentum has slowed, and the market is entering a consolidation phase as traders reassess risk. Related Reading: Coinbase Premium Signals Aggressive Ethereum Accumulation: Institutional Demand Accelerates According to new data from CryptoQuant, Bitcoin miner selling has surged sharply. On July 15, the same day Bitcoin reached its latest peak, daily BTC inflows to exchanges jumped from 19,000 BTC to 81,000 BTC — a clear sign that major holders, including miners and whales, took advantage of high prices to offload assets. Notably, miner outflows spiked to 16,000 BTC, the highest daily level since April, and nearly all of it was sent directly to exchanges. These inflows suggest a shift in sentiment among large players, raising the probability of increased supply pressure in the short term. While the broader trend remains intact, and fundamentals like long-term holder activity are still strong, the spike in exchange deposits is a classic signal to watch. Whether this leads to a deeper pullback or simply a healthy reset will likely be decided in the coming days. Miners Take Profits As Bitcoin Hits All-Time High Fresh data from CryptoQuant reveals that Bitcoin miners have resumed aggressive selling behavior as BTC reached a new all-time high of ~$123,000. On July 15, miner outflows spiked to 16,000 BTC — the highest single-day total since April 7. This level of activity represents what analysts at CryptoQuant describe as an “extreme outflow,” indicating that miners seized the opportunity to take profits at elevated prices. The miners sent nearly all the BTC they withdrew from their wallets directly to centralized exchanges. This reinforces the interpretation that the move was not simply a strategic reallocation but an active decision to sell into market strength. Such behavior often signals growing caution among miners, who may expect either near-term price exhaustion or are simply capitalizing on favorable conditions after months of holding. Miner behavior has long been viewed as a leading indicator of potential market shifts. When outflows rise — particularly to exchanges — it tends to precede increased volatility or temporary tops. While the broader Bitcoin trend remains bullish and investor demand stays strong, this wave of miner selling injects a dose of uncertainty. Related Reading: Ethereum Enters Top 30 Global Assets With $416B Market Cap – What’s Next? BTC Consolidates Below ATH After Explosive Rally The daily chart of Bitcoin (BTC/USD) shows price consolidating in a tight range between $115,730 and $123,230 after reaching a new all-time high. This zone is now acting as a short-term channel, with buyers defending the $115K area while facing resistance around $123K. The latest daily candle shows low volatility, suggesting indecision among traders as Bitcoin pauses after its recent breakout. Volume has tapered off following a massive spike that coincided with the all-time high breakout, a potential signal of exhaustion or reduced participation from large buyers. The 50-day simple moving average (SMA) at $108,796 remains well below the current price, confirming the bullish momentum is still intact, but any breakdown below the $115K level could bring the 50-day SMA into focus as a potential support. Related Reading: All 40K Remaining Bitcoin From The 80K Whale Just Moved: $4.75B In One Wallet Now So far, the trend structure remains bullish, but with a growing number of analysts pointing to miner sales and whale activity, traders are closely monitoring price action for signs of a pullback or renewed breakout. If BTC can reclaim $123,230 with volume, the next leg up could follow. Until then, this consolidation may serve as a healthy cooldown before the next major move. Featured image from Dall-E, chart from TradingView
Crypto regulation is on the brink of transformation as U.S. and U.K. leaders push to align on digital asset sandboxes that could reignite blockchain innovation and remove compliance roadblocks. SEC’s Peirce Calls for US-UK Crypto Sandbox Alliance to Unleash Digital Asset Innovation U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce stated on July 16