Ripple CEO Brad Garlinghouse says the stablecoin market could surge to $1 to $2 trillion in the next few years. Speaking on CNBC, Garlinghouse highlighted the current $250 billion market cap and noted the rapid growth in demand. Ripple recently entered the stablecoin space with RLUSD, which has already reached $500 million in market capitalization.

Garlinghouse confirmed BNY Mellon will act as custodian for RLUSD, signaling Ripple’s strong institutional focus. He emphasized that regulatory compliance and enterprise support will fuel the next phase of growth. Ripple has also applied for a U.S. banking license and a Federal Reserve Master Account, aiming to bridge the gap between traditional finance and crypto.

Experts agree with Garlinghouse’s forecast. Henrik Andersson of Apollo Capital said stablecoins are being launched by fintechs, banks, and retailers. He believes the upcoming GENIUS Act will further legitimize stablecoins as legal tender. XRP also hit a seven-week high as Ripple’s integration with Transak boosts stablecoin adoption.

CNBC

Bitcoin has reached a new all time high (ATH) of $112,000, following a steady climb that began on June 22, when Bitcoin was trading near $98,000. 

Coinciding with BTC’s ATH, BlackRock’s iShares Bitcoin Trust today also closed at a new ATH of $63.58. IBIT now holds more than 700,000 BTC, roughly over 3.33% of the total bitcoin supply. According to Bloomberg, IBIT generates more annual fee revenue than BlackRock’s S&P 500 ETF (IVV). Despite being just 18 months old, the $75 billion ETF earns an estimated $187.2 million annually, surpassing the $187.1 million earned by IVV.

In 2021, El Salvador became the first nation to invest in Bitcoin, and now holds over 6,232…

Read more on BitcoinMagazine

Donald Trump Jr. has purchased 350,000 shares in Thumzup Media Corp., a struggling social media startup that recently adopted a Bitcoin treasury strategy. The investment, valued at over $4 million, strengthens Trump Jr.’s involvement in the Bitcoin space as his family increasingly aligns with digital asset ventures.

“Expanding our exploration into other leading cryptocurrencies aligns with our commitment to innovation and prudent treasury management,” said the CEO of Thumzup Robert Steele. “We believe that a diversified approach to digital assets could enhance our financial flexibility as we continue to scale our AdTech platform and grow our advertiser base.”

Thumzup,…

Read more on BitcoinMagazine

Today, the Senate Banking Committee hosted a hearing entitled “From Wall Street to Web3: Building Tomorrow’s Digital Asset Markets” in which U.S. senators from both sides of the aisle engaged with crypto industry leaders and digital asset specialists (witnesses) to discuss digital asset market structure.

Key themes from the hearing included crypto’s role in illicit finance, the Trump family’s involvement in the crypto industry and the resulting conflict of interest, and regulatory jurisdiction.

Senate Banking Chairman Senator Tim Scott (R-SC) presided over the hearing alongside Ranking Member Senator Elizabeth Warren (D-MA). They were joined by more than a half dozen…

Read more on BitcoinMagazine

Emirates has signed a memorandum of understanding with Crypto.com to integrate Bitcoin and crypto payments into its booking systems, marking a significant step toward mainstream adoption of Bitcoin in the travel industry.

The agreement, signed in the presence of Emirates Chairman Sheikh Ahmed bin Saeed Al Maktoum, will enable customers to pay for flights using Bitcoin and crypto through Crypto.com Pay, with integration expected to roll out in 2026.

Adnan Kazim, Emirates’ Deputy President and Chief Commercial Officer, said, “Partnering with Crypto.com to integrate cryptocurrency into our digital payments system reflects Emirates’ commitment to meeting evolving customer…

Read more on BitcoinMagazine

KULR Technology Group, Inc., a Bitcoin-first company focused on sustainable energy solutions, announced today the successful deployment of 3,570 Bitmain S19 XP 140T mining machines in Asuncion, Paraguay. This new infrastructure brings KULR’s total Bitcoin mining capacity to 750 petahash per second (PH/s), with a goal of reaching 1.25 exahash per second (EH/s) by late summer.

The expansion is a continuation of KULR’s dual-pronged “buy-or-mine” Bitcoin accumulation strategy, which aims to optimize treasury performance through both direct BTC purchases and self-mining.

“Bitcoin has outpaced every major asset class in 11 of the last 14 years, often by a significant…

Read more on BitcoinMagazine

H100 Group AB has purchased an additional 46.93 Bitcoin for approximately SEK 49.5 million, at an average price of SEK 1,054,701 per BTC. This brings the company’s total holdings to 294.5 BTC, reinforcing its long-term Bitcoin treasury strategy aimed at preserving capital and strengthening its financial position.

CEO Sander Andersen said the move aligns with a growing trend among tech-focused companies adopting Bitcoin as a treasury asset. He added that the Bitcoin community’s values of individual sovereignty align well with the customers and communities H100 is building its platform for.

The acquisition follows the completion of Tranche 6 and Tranche 7, raising SEK 516 million through a share issue and convertible debentures. Tranche 6 raised SEK 173.3 million via 27 million shares at SEK 6.38 each, while Tranche 7 brought in SEK 342.3 million at a conversion price of SEK 8.48. Tranche 8 is in planning, with a premium price of SEK 11.27, pending board and investor approval.