The Ripple-linked XRP cryptocurrency has re-entered the 100 assets by market capitalization. 

The popular token is currently in 98th place (above American computer networking company Arista Networks and Indian banking and financial services company HDFC Bank). 

XRP’s market capitalization currently stands at $180.5 billion following the cryptocurrency’s latest price spike. Earlier today, XRP peaked at an intraday high of $3.07. 

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The token’s price recovery comes amid growing chatter about looming ETF approval, which is widely expected to happen in the fourth quarter of the year. 

XRP surpassing McDonald’s 

Earlier this year, the Ripple-linked token managed to break into the top 80 by market capitalization. 

The token briefly even briefly topped McDonald’s, which was seen as a rather symbolic milestone. 

Back then, XRP also surged above PetroChina, China’s biggest oil and gas producer, AT&T, a major U.S. telecom and media company, Siemens, a German tech giant, Shell, one of the biggest oil and gas companies, Uber, the leading ride-hailing company, Verizon, one of the top telecom providers in the US, as well as Xiomi, one of the leading consumer electronics manufacturers in China. 

On July 18, the token reached a new record peak of $3.66, but it has since declined by a whopping 16%. 

BlackRock’s iShares Ethereum (ETH) Trust ETF (ETHA) recorded $1.244 billion in weekly inflows from Aug. 18-22, ranking second among all 4,400-plus ETFs tracked during the period.

NovaDius Wealth president Nate Geraci noted in an Aug. 29 post via X that only Vanguard’s S&P 500 ETF outperformed ETHA’s with $1.711 billion in weekly flows.

He also highlighted the significance of ETHA appearing among “heavy hitters” in weekly inflow rankings, demonstrating institutional appetite for Ethereum exposure.

Further, Bloomberg ETF analyst James Seyffart reported on Aug. 29 that Ethereum ETFs have accumulated nearly $10 billion in inflows since July, marking substantial momentum for the asset class.

Before this surge, Ethereum ETFs had recorded negative $400 million year-to-date flows, amounting to approximately $2.5 billion, according to Farside Investors’ data.

Capital rotation

Market conditions indicate that capital is rotating from Bitcoin to Ethereum throughout August. While Bitcoin ETFs registered $800 million in outflows through Aug. 28, Ethereum ETFs accumulated $4 billion in inflows during the same period, per Farside Investors tracking.

The inflow disparity reflects evolving institutional preferences as investors diversify cryptocurrency allocations beyond Bitcoin.

Additionally, retail participation accelerated in tandem with institutional interest. DeFiLlama data shows that Ethereum achieved a monthly spot trading volume record of $135 billion as of Aug. 29, surpassing the previous high of $117.6 billion from May 2021.

The institutional adoption is not limited to exposure through ETFs, as corporate Ethereum adoption accelerated significantly during the summer months.

Strategic ETH Reserve data reveals corporate Ethereum treasuries increased from $2.3 billion to $19.1 billion between June 1 and Aug. 29.

In token terms, corporate reserves expanded from 916,268 ETH to 4,438,352 ETH over the same period, representing approximately 3.7% of total ETH supply.

The treasury accumulation pattern, combined with the increasing number of institutions adding ETH, suggests institutional recognition of Ethereum as a treasury asset.

ETHA’s performance demonstrates the integration of Ethereum into mainstream investment flows, with crypto products competing directly against established equity and bond ETFs for investor capital.

Mentioned in this article

Ethereum is trading at a pivotal level after a strong bullish rally pushed up prices by over $3,650. The surge positions ETH as one of the most powerful performers in the current crypto market cycle, igniting optimism among investors and analysts. With the Bulls in control, many have pointed to an increase in momentum across the altcoin as a sign that the long-standing alto season may be on the way.

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In addition to this story, Ethereum has now entered the list of the top 30 global assets by market capitalization, reaching a market capitalization of $41.617 billion. This achievement reflects not only rising prices, but also rising global awareness and adoption waves. Institutional demand has risen, spot ETF inflows are rising rapidly, and technical indicators remain firmly in bullish territory.

As Bitcoin merges after reaching its all-time high, Ethereum’s relative strength is gaining attention. The upcoming days will be key to checking whether ETH can maintain this momentum. And when facing resistance towards new highs or at this psychological level. For now, market sentiment remains optimistic, and Ethereum’s position among the world’s top assets suggests a mature digital economy with ETH at its heart.

Increased global adoption of Ethereum

Data shared by top analyst Ted Pillows shows that Ethereum is the 26th most valuable asset worldwide by its market capitalization. With a market capitalization of over $416 billion, it is currently situated among the world’s financial giants. This is an impressive milestone that highlights the growth legitimacy of the assets and investor interest. Pillow added that this positioning could mark the beginning of Ethereum FOMO as both retail investors respond to momentum and rising market structure.

This surge in valuations comes just after a major legislative breakthrough. The US House of Representatives yesterday passed three important cryptography bills, including the Genius Act and the Clear Act. The purpose of these laws is to bring necessary regulatory transparency to the crypto sector and further strengthen investors’ trust. The passage of these bills is seen as a turning point for US crypto policy and sets the stage for wider institutional adoption and innovation.

Meanwhile, institutions are strengthening their ETH accumulation. On-chain data reveals a steady influx into Ethereum Spot ETFs, while Coinbase’s prominent premium suggests strong demand from US whales. Combined with bullish price structure and improved macro conditions, Ethereum appears to be in a vast phase not only in price, but also in network use and adoption.

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After breaking major resistance, ETH surges to new highs

Ethereum continues to move forward bullishly, and is currently trading at $3,619 following a clean breakout that surpasses key resistance levels at $2,852. The chart shows a clear change in momentum, with ETH rising more than 25% over the past week, backed by strong volume and bullish construction. This is the highest price ever since early 2024, and Ethereum will decisively clear all major moving averages (50, 100, and 200 SMA) on the three-day chart.

The $2,815 200-day SMA served as a long-standing ceiling between consolidation and revisions over the past year. Now that prices have regained it with strength, previous resistance could reverse to strong support in the short term. Recent price action also resembles the breakout pattern seen before ETH’s final major rally heads to an all-time high.

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It has increased volume significantly and further examined breakouts, suggesting that the system’s participation could increase again, particularly as Spot Ethereum ETF continues to see record inflows. If ETH is beyond the $3,400-$3,500 region in the coming days, a continuation to a $4,000 psychological level could come next.

Dall-E special images, TradingView chart

July 15th, 2025 – Los Angeles, USA

Allnodes, a leading platform for blockchain infrastructure, is among the first in the world to offer pre-orders for hosting on new AMD Ryzen Threadripper PRO 9000 Series processors as part of its bare-metal server lineup.

The newest hardware upgrade enables Allnodes to deliver even more powerful and efficient infrastructure to its users, meeting the highest performance demands of any blockchain.

“At Allnodes, we work hard to bring our users the latest and most powerful infrastructure available,” said Konstantin Boyko-Romanovsky, Founder and CEO at Allnodes. “The launch of the 9000 Series provides a natural next step, offering significantly improved architecture efficiency, critical for handling the increasing computational standards across today’s blockchain networks.”

The new AMD Ryzen Threadripper PRO 9000 Series processors, available through Allnodes’ bare-metal hosting solutions, include the 9965WX and 9975WX models, featuring up to 32 cores, 64 threads, 5.4 GHz Max Boost, and up to 1024GB of memory.

With up to 22% higher multi-core performance compared to the previous generation of Threadripper series, it is an ideal upgrade for customers who prioritize maximum single-core performance with more than 256GB of memory.

About Allnodes

Allnodes delivers high-performance bare metal servers tailored for Web3 infrastructure, along with secure, non-custodial solutions for node hosting and staking. With over $3.1 billion in hosted node value, support for 119 blockchains, and more than 30,000 active nodes, Allnodes is trusted by individuals and institutions worldwide. The platform also provides reliable RPC endpoints for developers and teams building in the decentralized ecosystem.

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On June 11, PayPal announced plans to launch its U.S. dollar-backed stablecoin, PayPal USD (PYUSD), on the Stellar blockchain network, pending regulatory approval from the New York State Department of Financial Services. If approved, the move would mark the expansion of PYUSD beyond its current availability on Ethereum and Solana.

PayPal described Stellar as a blockchain tailored for low-cost, high-speed payments with strong real-world utility. By adding support for Stellar, the company aims to improve the accessibility and usability of PYUSD for payments, cross-border transfers, and financial services. The integration is expected to enhance daily payment options and provide users with expanded access to financing tools such as working capital and small business loans—areas where Stellar is already active.

The press release emphasized Stellar’s existing global infrastructure, including a broad network of on- and off-ramps, local payment systems, and digital wallets, which could help bring PYUSD to users in over 170 countries. PayPal also highlighted potential benefits for liquidity and settlement through PayFi, an emerging digital financing mechanism that would allow businesses to access real-time capital disbursed in PYUSD on Stellar.

May Zabaneh, PayPal’s vice president for digital currencies, said the partnership would help advance the use of blockchain in cross-border payments. Denelle Dixon, CEO of the Stellar Development Foundation, said the collaboration could help bring practical stablecoin use to emerging markets and small businesses globally.

PYUSD is issued by Paxos Trust Company and is fully backed by cash and cash-equivalent reserves, with a fixed redemption value of $1.00 per token.

Earlier this in a short video released by Stellar Foundation, Ian Burrill, a Senior Director at PayPal who manages the crypto engineering team, explained why his firm was excited about the launch of PYUSD on Stellar. Burrill said that Stellar is a fast, low-cost network and it extends PYUSD’s reach to 180 plus countries. He went on to say that enabling merchants to use PYUSD on Stellar lets them send money in real-time, which makes for more efficient capital management.

Technical Analysis

• Stellar’s XLM token recorded significant price appreciation during a 24-hour trading period from July 11 at 17:00 UTC to July 12 at 16:00 UTC, with shares moving within a $0.071 range representing approximately 20.59% volatility between a session low of $0.345 and high of $0.416, according to CoinDesk Research’s technical analysis model.
• The most notable trading activity occurred during early morning hours on July 12 at 01:00, UTC when XLM shares advanced from $0.354 to $0.393 on substantial volume of 551.38 million units, significantly exceeding the 24-hour average of 234.19 million and establishing technical support near the $0.354 price level.
• The upward momentum persisted through July 12 at 11:00 UTC, reaching a session high of $0.416, before encountering resistance in the $0.400-$0.403 range where institutional profit-taking appeared to limit further advances.
• In the final hour of trading from July 12 at 15:47 UTC to 16:46 UTC, XLM demonstrated renewed strength with a 3.89% advance from $0.37 to $0.39, extending the session’s positive momentum.
• The most significant price movement occurred between 16:03-16:08 UTC when shares climbed from $0.374 to $0.385 on elevated volume of 13.16 million and 17.14 million respectively, well above the hourly average of 3.2 million units.
• This activity established technical support around $0.385-$0.387 where shares consolidated through the session’s final 30 minutes, with market participants eyeing potential continuation toward the $0.39-$0.40 resistance levels identified in broader technical analysis.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

Four US-dollar stablecoin issuers hold roughly $182 billion in US Treasury bills, an amount that would slot them 17th on the Treasury Department’s country-by-country league table.

The amount in overnight Treasury-collateralized repos and Treasury-heavy money market funds would put the group between Norway’s $195.9 billion and Saudi Arabia’s $133.8 billion.

Tether’s USDT tops the cohort. Its first-quarter attestation showed $120 billion in Treasuries, while CEO Paolo Ardoino told CNBC in late May that the firm held “more than $125 billion” and continues to expand.

Circle’s May accountant’s report listed $28.7 billion in T-bills and $26.5 billion in overnight repos, for a combined $55.2 billion backing USDC.

First Digital’s May 31 dashboard showed $1.665 billion in FDUSD reserves, 78% of which is held in Treasury bills, amounting to roughly $1.3 billion.

Paxos’ PayPal USD (PYUSD) uses overnight reverse-repo agreements collateralized 97% by Treasuries. It has $878 million outstanding, which implies roughly $880 million in government debt.

According to US Treasury data from April, those positions reach $182.4 billion, enough to leapfrog South Korea and the United Arab Emirates and fall just shy of Norway.

Treasury paper dominates reserves

Issuers buy short-dated government debt because it settles T-plus-zero at clearing banks, offers daily liquidity, and earns yields now above 5%. 

Tether’s latest assurance showed that Treasuries, repos, and Treasury-only money-market funds represented more than 80% of its collateral, helping drive $1 billion in first-quarter profit.

Circle uses BlackRock’s SEC-registered Circle Reserve Fund to hold its bills and repos, enabling same-day liquidation if redemptions spike.

Ardoino said that issuing stablecoins “creates incremental demand for US debt without relying on the banking system,” citing Tether’s ranking above that of Germany, the UAE, and Spain.

Circle and Paxos have made similar arguments in policy filings, noting that narrowly distributed, highly liquid collateral protects holders during market stress.

Regulatory backdrop

Lawmakers in Washington and Brussels are considering bills that would restrict reserve assets to cash and short-term Treasury securities, maintaining the current composition but limiting diversification into gold or corporate bonds. 

The GENIUS Act, which cleared the Senate in June, would formalize those limits. At the same time, Europe’s Markets in Crypto-Assets (MiCA) regime already bars commodities for euro-pegged coins. 

Stablecoin treasurers say the proposed rules align with their investment profile, though they warn that concentration in one asset class links stablecoin liquidity to Federal Reserve funding conditions.

Mentioned in this article

Features writer

Connor Sephton

Features writer

Connor Sephton

About Author

Connor Sephton is a journalist based in London, who also works for Sky News and the BBC as a radio newsreader and online reporter. He has covered crypto since 2018 — reporting from major conferences…

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Elena Bozhkova

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Elena is the Features Lead at Cryptonews.com. With a Master’s degree in science journalism from City University, London, she is passionate about exploring complex topics in the world of technology.

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June 25, 2025

XRP is “a winner among altcoins” according to a new report — with institutional and retail investors “turning bullish” towards the world’s fourth-largest cryptocurrency.

Bybit says the number of users holding this altcoin on its exchange doubled between November and May as prices surged.

Over this period, prices accelerated from $0.50 to $2.19 — a staggering 338% increase — as tensions between the SEC and XRP’s issuer Ripple died down.

Another key moment came when Donald Trump declared this token would form part of a U.S. crypto reserve, but those plans didn’t end up materializing.

And if that isn’t enough, Polymarket suggests there’s an 85% chance of an XRP ETF being approved some time this year, which would likely lead to billions of dollars of buying pressure as funds flow into Wall Street products.

Bloomberg analyst James Seyffart recently argued the likelihood is even greater than this — putting the odds at 95%.

In the report — Bybit noted that the holding percentage of XRP jumped from 1.29% to 2.42% in just six months, adding:

“The crypto investing industry view is that Ripple spot ETF approval is likely ahead of such approval for a Solana spot ETF. As such, weʼve observed partial capital allocation on the part of institutions from SOL to XRP.”

However, Bybit noted that BTC remains the most popular digital asset for crypto investors by a country mile — and among the exchange’s users, 30.95% of assets are allocated into the world’s biggest cryptocurrency.

Other key trends include a substantial surge in demand for Ether. A low holding percentage of 3.89% was recorded in April 2025, but that had more than doubled to 8.43% just one month later. However, the report’s authors noted that this remains well below a peak of 11.12% seen last November.

And here’s another key headline: enthusiasm for Solana has fallen dramatically, with SOL’s percentage plummeting by 35% in just six months. This is undoubtedly linked to a huge bubble bursting in the meme coin market.

The Bybit report — which covers the period when the trading platform fell victim to an audacious $1.5 billion attack at the hands of North Korean hackers — said:

“BTC and ETH concentration started at 55.2% in October 2024, fell to a low of 48.2% in February 2025 and has newly recovered to 58.8% as of May 2025. Despite the weak demand for ETH in Q1 2025, BTC and ETH concentration continued to grow in the same period, pointing to a resilient demand for Bitcoin from investors, despite market volatility.”

One statistic puts Bitcoin’s popularity into sharp context: for every $1 in ETH that an investor holds on Bybit, they’re likely to have $4 of BTC in their wallet. This marries up nicely with CoinMarketCap data that shows Bitcoin’s dominance has grown from 53.2% to 64% over the past 12 months, with Ether’s market share halving from 18% to 9% in the same timeframe.

There are also signs of a clear divide between the strategies deployed by everyday consumers and professional investors.

“As of May 2025, retail traders continue to hold significantly less Bitcoin and Ether than institutions, with BTC and ETH holding percentage standing at 11.64% and 6.8%, respectively. Retail tradersʼ holdings in Bitcoin and Ether are around half that of institutions throughout this period.”

This perhaps isn’t surprising. Retail investors are likelier to be more adventurous with their exposure to altcoins, but strict regulations mean institutions are limited when it comes to what they can invest in. Another potential narrative is this: smart money is embracing Bitcoin, but the public is yet to notice.

What’s more, there are statistics to support the notion that the traditional “altseason” has been cancelled — or at least delayed. The holding percentage of smaller cryptocurrencies crumbled from 35.2% in November to 23.5% in May, “but meme coins, Layer 1s and DeFi tokens have held up better than other categories.” The same couldn’t be said for AI tokens and Bitcoin Layer 2s, as well as the GameFi and NFT sectors.

“When the broader market reaches a new high (as it did in November 2024, it usually points to the arrival of altcoin season. However, when Bitcoin reached another ATH in May 2025, altcoins didnʼt follow suit, suggesting that the May bull run hasnʼt led to broader bullish sentiment.”

Bybit’s report neatly encapsulates the main themes of 2025 so far — and could give us an indication as to what lies ahead in the rest of the year.

According to Bloomberg analysts James Seyfert and Eric Balknath, their respective deadlines add up the possibility that the Securities and Exchange Commission has approved most of the funds traded on filed crypto exchanges, including various XRP ETFs.

“We’ve raised the majority of the majority of SPOT Crypto ETF filings to over 90%,” said James Sefert of Bloomberg Intelligence in a post in X.

According to analysts, ETFs for assets such as Litecoin, Solana, XRP, Dogecoin and Cardano all sit above the 90% mark.

These estimates reflect an increasing optimism from ETF experts following the 19B-4 acknowledgements and a wave of S-1 amendment requests from the Securities and Exchange Commission.

Analysts view this before and after process as a signal that the SEC is willing to work with the issuer now.

The only assets behind are SUIs submitted by Canary only. Bloomberg has assigned a 60% chance of approval, citing regulated futures and lack of regulatory uncertainty.

Polymarket bettors are also optimistic.

They give the XRP ETF a 98% chance that it will be approved this year, giving the Sol ETF a 91% chance to win green light. It is also possible that Doge ETF has got Go-Amead and bettors are giving a 71% chance.

Crypto firms are now waiting to hear back on 72 active applications for new crypto-related exchange-traded funds (ETFs).

James Seyffart, an ETF analyst at Bloomberg Intelligence, compiled the list of submissions to the U.S. Securities and Exchange Commission (SEC).

ETFs awaiting approval include funds tied to Solana (SOL), XRP (XRP), Sui (SUI), Litecoin (LTC), Axelar (AXL) Hedera (HBAR), BNB, Cardano (ADA), Avalanche (AVAX), Dogecoin (DOGE), Polkadot (DOT), Aptos (APT), Chainlink (LINK), Pudgy Penguins (PENGU), Official Trump (TRUMP), Melania (MELANIA) and Bonk (BONK).

Other potential new ETFs are tied to a basket of currencies, and a few are based on Bitcoin (BTC) and/or Ethereum (ETH), assets that have already been approved for inclusion in other spot ETFs.

Eric Balchunas, a senior ETF analyst at Bloomberg Intelligence, predicts that BTC ETFs will remain dominant regardless of the number of altcoin funds that are approved.

“No Second Best? Bitcoin ETFs command 90% of all the crypto fund assets globally. While a TON of alt/meme coin ETFs are likely going to hit market this year, they will only make a minor dent, Bitcoin likely to retain at least 80-85% share long-term.”

The SEC greenlit the first spot market Bitcoin ETFs in January 2024, bringing in billions of dollars worth of inflows to the top digital asset by market cap, and the regulator subsequently approved Ethereum ETFs for trading last July.

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Featured Image: Shutterstock/Don White – Art Dreamer/Vladimir Sazonov

Instead, only gold bar photos and a declaration of victory make money safe. Let me really think about it.

For decades, conspiracy theory has swirled around money deposits. This is the most plausible.

Where is the money? Is there money at Fort Knox?

(sauce))

Recently, Germany has been considering calling homes for large gold holders parked in New York and Fort Knox, driven by fears over Trump’s tariff strategy.

With 3,350 tons of gold secured worldwide, Germany is gold-grade, second only to the US, and is located above the unparalleled 8,100 tons. If economic uncertainty continues to rise around the world, we know if gold is really there.

Some Germans are worried about the money stored in the US
– After the EU legalized theft of sovereign funds, it set a dangerous precedent for such confiscation https://t.co/redctq2ivb pic.twitter.com/hsc3l9t7cf

-Glenn this (@glenn_diesen) April 5, 2025

The only gold bug that this burns is someone who accepts a certificate of gold over real gold, despite the consistent pattern in which certificate sellers become greedy and sell more promissory notes than they respect.

If this is true, then gold is generally thrown away.

Next, physical scrambling sends demand and prices from the roof.

Fort Knox Gold Reserve: Can we audit our money?

Built as an American gold fortress in the 1930s, Fort Knox holds 147.3 million ounces, 59% of the Treasury supply. Answer to pre-World War II jitter, it is a concrete and steel mystery. Roosevelt in 1943, Congress in 1974, and Stephen Munuchin in 2017 only opened three times.

The rest is shadows and speculation, reinforced by its closed doors.

(sauce))

The problem with using gold as currency is that it is heavy and complicates the logistics of what drives money. Therefore, the Silk Road was not digital and had so many bandits. If you want to make trading easier, create a Type 2 or Link Currency. That’s Gold Standard.

However, the biggest problem is that when you pass on a banknote, more sounds will flow than the bank’s money. If everyone tried to redeem at the same time, there would be literally a lot of people carrying bags.

This was in the US state of the 70s.

The Fed hopes Trump will not audit Fort Knox for that particular reason.

If it becomes clear that the entire gold market is smoke and mirror, this opens the door to alternatives like Bitcoin and other cryptocurrencies.

In case of transparency

Audits and assurances are tossed like confetti, but public confidence in Fort Knox remains weak.

The Treasury swears that all the money is explained, but critics haven’t dropped the issue. Officially, Knox’s Gold Cash is $6 billion thanks to its almost mystical rating of $42.22 per ounce. But it’s a real factor, and it should be close to $436 billion. That ditch is a rift poured out by rumors of a plot.

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What happened to the post Fort Knox Gold Reserve? Inside the biggest economic conspiracy that first appeared in 99 Bitcoin.