The Crypto Basic

#XRP Price Could Reach $24.37 If it Grows 2% Per Month Until 2035.

At the current price of $2.22, a 2% monthly gain would raise XRP’s value to approximately $2.2644 by the end of July. By the following month, the price would increase to $2.3097.

At this pace, XRP could reach $2.55 by the end of 2025. One year from now, XRP would be trading at around $2.872 with a consistent 2% monthly gain.

In the short term, a steady 2% monthly growth may seem modest. However, the compounding effect of consistent growth becomes more significant over time.

Specifically, five years from now, in 2030, XRP’s price would reach approximately $7.43 under this growth scenario. This would mark a new all-time high and give XRP a market cap of nearly $500 billion. Meanwhile, its fully diluted valuation is approaching $1 trillion.

By 2035, the price could rise to $24.37 based on the 2% monthly growth. This would equate to a market capitalization of nearly $1.5 trillion, potentially placing XRP ahead of companies such as Broadcom, TSMC, and Berkshire Hathaway.

While a 2% monthly growth implies a significant long-term increase, many in the XRP community believe the coin could hit $24 much sooner. Some even predict prices above $30 as early as 2025.

This suggests that many expect a far more rapid valuation increase than a 2% monthly growth would suggest.

For instance, Telegaon’s price forecast for XRP predicts the coin could reach as high as $87 by 2035. Similarly, crypto exchange Changelly projects XRP could hit $92.88 by December 2034. This indicates expectations of an even higher price by 2035.

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#Cardano founder Charles Hoskinson has made another proposal for a Cardano-focused ecosystem treasury reserve, steering community reaction.
He has been persistently seeking ways to put the ecosystem’s dormant ADA treasury to work, with a suggestion in a July 8 X post becoming the latest proposition. Recall that he had earlier proposed using a portion of the stash to buy Bitcoin or a native stablecoin, teasing that it would boost Cardano DeFi and TVL.
New Proposal for Treasury Utility
In the Tuesday tweet, Hoskinson sought the thoughts of the Cardano community on an ecosystem digital asset treasury containing ADA, Midnight, and the top 50 Cardano native tokens.
Notably, this proposal bears a resemblance to his initial suggestions, but this time, he has looked inward. Recall that his call to buy and hold Bitcoin as a treasury asset sparked widespread criticism, with skeptics alleging that a top 10 project has found solace in another major rival. 
The proposal would see Cardano set up a treasury that includes the Midnight token and other high-ranking native tokens. Data from CoinGecko shows that some of the top Cardano ecosystems include SNEK meme coin, World Mobile Token (WMTYX), Liquid Finance (LQ), Minswap (MIN), and Indigo Protocol (INDY).
Top 50 Too Broad?
Interestingly, the proposal started a community discussion as proponents shared their thoughts. Notably, a few users emphasized that the top 50 Cardano native tokens would encompass a lot of random tokens without intrinsic use cases.
A user stated that he is not a fan of using Cardano’s treasury to buy meme coins, while a few other reactions suggested that the proposal would be more productive if it focused on the top 20 or 25 Cardano-native tokens.
However, while a handful of the reactions supported the proposal or something similar, a few others disagreed. For instance, a user favored Hoskinson’s initial idea of a stablecoin investment, insisting that Cardano should fix its stablecoin liquidity issues.

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TRUMP Meme Coin Expanding to #TRON Blockchain.

TRUMP, the meme coin inspired by U.S. President Donald Trump, plans to launch on the Tron blockchain.

This announcement came via a statement from the project’s official account on X, fueling hopes for wider adoption. Notably, this would mark its first expansion beyond the Solana network, where it launched earlier this year.

The planned cross-chain move aims to tap into TRON’s active user base and faster transaction speeds, which could drive broader adoption of the meme coin.
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Elon Musk says his new 'America Party' will embrace Bitcoin as FIAT is hopeless.

#Bitcoin

Metaplanet Acquires Additional 2,205 $BTC, Bringing Total Holdings to 15,555 BTC.
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Rich Dad Poor Dad Author Now Hopes #Bitcoin Crashes.

Financial author Robert Kiyosaki has warned of attention-seeking “losers” who are increasingly speculating that Bitcoin will crash but hope it happens.

Kiyosaki warned that these growing assertions are misleading and aim to sway speculators from reaping the rewards of buying Bitcoin. He shared these claims in a July 5 tweet as Bitcoin retraces slightly from its intra-week high of $110,600.

While Bitcoin has shown resilience, speculations that a crash is on the horizon are making the rounds. Specifically, some believe that Bitcoin has reached its peak for the cycle and could undergo a significant correction in the near term.

Nonetheless, Kiyosaki insists these are exaggerated claims. He emphasized that those making these assertions are individuals and media outlets seeking attention through clickbait headlines.

Furthermore, he noted that these speculations only frighten speculators or short-term investors. Notably, projections of a crash like this manipulate market sentiments, preventing retail from entering the market.

Meanwhile, if Bitcoin eventually crashes, Kiyosaki shared that he would buy more. His unperturbed disposition comes from a long-term bullish view of the pioneering cryptocurrency.

In fact, he stated that he hopes Bitcoin drops. According to him, the event would give him the opportunity to buy more BTC at a reduced price in anticipation of its rebound to unprecedented levels in the future.

Remarkably, this highlights that Kiyosaki views Bitcoin as an asset with a bullish long-term trajectory, influencing his perspective beyond its short-term price action. This aligns with Michael Saylor’s call that those who hold Bitcoin for at least five years have a significant chance of success.

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US Senate to Feature #Ripple CEO in Hearing on Crypto Market Structure.

While Terrett highlighted several leading industry figures as witnesses, many view Garlinghouse’s inclusion as fully justified.

Attorney John Deaton has highlighted that Ripple and XRP exemplify the regulatory uncertainty that plagues the crypto industry. He cited a series of events illustrating how Ripple and XRP have been treated inconsistently by U.S. regulators.

According to Deaton, Ripple Chairman Chris Larsen met with the Federal Reserve, the SEC, and the U.S. Treasury as early as 2013, explaining XRP and its underlying technology, XRP Ledger (XRPL). The following year, the U.S. Government Accountability Office (GAO) referred to XRP as a virtual currency.

In 2015, Ripple reached an agreement with the U.S. Financial Crimes Enforcement Network (FinCEN) to comply with banking laws after being fined $700 million over a sale involving Roger Ver.

According to Deaton, the SEC and FinCEN were in an information-sharing arrangement, which gave the securities regulators exclusive access to Ripple’s information.

Three years later, on June 14, 2018, the SEC’s enforcement lawyers conducted an internal Howey assessment of XRP to determine whether it constitutes a security. However, the lawyers did not recommend an enforcement action, as mentioned by Judge Analisa Torres in the Ripple case.

In August 2018, Ripple executives, including Garlinghouse, met with the SEC to resolve the lack of clarity regarding XRP. Deaton suggested that the Ripple execs visited the SEC shortly after the agency gave Bitcoin and Ethereum a free pass via the infamous Hinman speech.

Deaton stated that during the meeting, the SEC did not inform Ripple about any securities law violations, despite having substantial knowledge of every XRP transaction.

Furthermore, the Financial Stability Oversight Council (FSOC) published a report in 2019 co-signed by the SEC and CFTC chairs, which referred to XRP as a virtual currency.

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The US House Designates July 14-18 as “Crypto Week”.

The US House members have declared the week of July 14 as “Crypto Week,” another pro-crypto act focused on driving digital asset innovation in America

French Hill, the chairman of the Committee on Financial Services, and GT Thompson, the chairman of the Committee on Agriculture, along with other key House leadership, endorsed this pro-innovation move on Thursday, July 3.

Consequently, the US House dedicated the week spanning from July 14 to 18 to comprehensively tackling crypto-related legislation. Among the primary agenda for the week are the CLARITY Act, the Anti-CBDC bill, and the US Senate’s GENIUS Act.

After the US House of Representatives passed Donald Trump’s “Big Beautiful Bill” on Thursday, their attention has now turned to crypto bills. Through a coordinated effort by the US House GOP, the lawmakers have dedicated a whole week to deliberating on and passing legislation specific to the digital assets industry.

Notably, in hindsight, not many would have foreseen this week coming. Barely a year ago, the United States repelled cryptocurrencies under the Joe Biden administration, with former US SEC Chair Gary Gensler in power.

Meanwhile, Trump is keeping to his promises of making America the crypto capital of the world. He recently called Bitcoin “amazing” and claimed he had built the crypto industry. Now, the latest US House announcement reflects that the crypto innovation push is now a national interest.

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#shiba⚡ Inu Lead Confirms Revenue Trumps Utility in Crypto Success, Teases Strategic Plan Reveal.

In addition, Kusama hinted at the upcoming release of a strategic plan. This plan might outline how Shiba Inu can generate more revenue and boost its standing in the crypto market.

However, he questioned whether the Shiba Inu community will support the foundation the team has built and the subsequent plan it intends to unveil.

This commentary acknowledges the potential impact of the community on the success of the upcoming plan Kusama intends to unveil. In his view, the success of this plan hinges on whether the community will fully support it.

Responding, Delgado affirmed that Shiba Inu community members will educate themselves about the upcoming strategic plan and technology. Afterward, he said SHIB enthusiasts will “run with it,” supporting the initiative to guarantee success.

Meanwhile, Kusama has been hinting at the release of an AI-focused paper, which will detail the integration of Shiba Inu with artificial intelligence.

While there is no official date for the release of the AI paper, Kusama suggested that the team might unveil its artificial intelligence initiatives this July, which he has rebranded as “JUL-AI.”

He informed the community to brace up for multiple announcements, releases, and discussions this month. According to him, these announcements and discussions will revolve around Shiba Inu’s past developments as well as its future roadmap.

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Brad Garlinghouse Confirms Ripple Has No Business Relationship with Linqto Amid Federal Investigation.

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#Shibalnu Lead Says Prepare for July, Teases Multiple Announcements Ahead.

Meanwhile, Kusama shared a short video clip, indicating that the team has been steadily working behind the scenes all year.

“It all started in January, and February came and went. March, April, and May,” the voiceover remarked. Notably, it mentioned how the world stood still for 12 days in June, highlighting the period of war between Israel and Iran.

With June ending, the voiceover emphasized that “It’s time for July… JUL-AI,” signaling the potential roll-out of AI-driven initiatives.

In May, Kusama disclosed that he was writing a final paper, which would explore the interplay between AI, Shiba Inu, and the SHY token. He also indicated that the upcoming paper will highlight Shiba Inu’s role in the next phase of technical evolution, which will be driven by artificial intelligence.

The lead developer made the disclosure after pointing out the lack of AI-related discussions on X. According to him, many people are still unaware of AI’s potential. He plans to integrate Shiba Inu with AI early to ensure the project benefits from the next wave of technological evolution.

Kusama’s recent update indicates that he might release the AI paper this month, detailing Shiba Inu’s role in the AI-driven technological evolution. Additionally, the Shiba Inu lead developer might also announce and release other AI-driven initiatives. However, the precise nature of these projects remains under wraps.

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500M #XRP Unlocked as Ripple Sends 400M XRP to Escrow.
Shortly after the unlocks, Ripple resumed its monthly rebalancing. In particular, the firm locked 400 million XRP ($869 million) with its Ripple (15) address.

However, before locking the 400 million XRP, the address received the tokens from two different wallets. Specifically, wallet “rGKHDy” sent 200 million XRP by 23:55 UTC yesterday before “rHGfmg” sent another 200 million three minutes later to the Ripple (15) address.

Meanwhile, the transactions follow XRP’s price inconsistency, following a broader market trend. After breaking to a high of $2.32 on June 30, XRP slumped to $2.15 yesterday following Bitcoin’s retest of the $105,000.

At the time of writing, XRP has recovered slightly from yesterday’s lows, trading at $2.18 at the time of writing. Interestingly, a recent analysis has identified that XRP would reach a minimum price target of $6.5 this month and could potentially extend to $8.

#Crypto

#FTX creditor representative Sunil Kavuri has provided a new update on the next distribution of claim payments to creditors of the defunct crypto exchange. 
Recall that FTX commenced the distribution of funds to eligible users on February 18, 2025, starting with small creditors with claims under $50,000. 
According to Kavuri, FTX paid creditors in this category (those entitled to claims under $50,000) 120% of their initial claim value. This indicates that creditors received a 20% premium on their original claim value. 
Afterward, FTX commenced the second round of repayments on May 30, 2025, distributing $5 billion to creditors with claims over $50,000. The exchange distributed the funds within three business days of May 30. However, creditors with claims exceeding $50,000 received only 72.5% of their initial claim value. 
Next Payment Schedule 
Notably, Kavuri has disclosed the next repayment date for the remaining 27.5% of claims to large creditors. According to him, the upcoming distribution is expected to take place in Q4 2025, specifically from October to December. Additionally, he suggested that the repayment schedule could be extended to 2026 or 2027. 
This repayment will ensure that creditors with claims exceeding $50,000 receive 100% of their claim. Besides the claim value, these large creditors are also entitled to post-petition interest, which totals 40% to 80%. 
FTX’s Epic Collapse and Repayment Efforts
This ongoing repayment schedule comes more than two years after FTX’s collapse in November 2022. The exchange declared bankruptcy, with key executives sentenced to several years in prison. 
Specifically, a federal court in New York sentenced FTX founder Sam Bankman-Fried (SBF) to 25 years in prison due to his role in mismanaging users’ funds, leading to the exchange’s downfall. 
The court subsequently sentenced other executives, including Alameda Research CEO Caroline Ellison and FTX Digital Markets CEO Ryan Salame, to two and seven-and-a-half-year jail terms, respectively. 
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#Cardano founder Charles Hoskinson has reacted to a recent development that would enhance the multi-chain functionality of the Midnight Network.
Midnight, a privacy-focused Cardano sidechain, is imminent, and the crypto community remains expectant. Paima Studios, one of the partners of the Midnight Network, recently announced an ongoing project to build a hybrid DApp feature for Midnight, drawing accolades from Charles Hoskinson, the founder of Cardano.
Hybrid dApps Coming to Midnight
Sebastien Guillemot, the co-founder of Paima Studios, disclosed that his team is working on bringing hybrid decentralized applications (dApps) to Midnight. According to the June 29 tweet, this feature will enable applications with multi-chain functionalities.
Meanwhile, Guillemot shared a prototype of the Paima Explorer, featuring the different chains a developer’s dapp connects to, the primitive data dashboard, and the state machine table. The Paima Studio co-founder emphasized that the state machine column enables developers to visualize how smart contracts update based on data across multiple chains.
Recall that it was on this basis that Midnight forged a collaboration with Paima Studio. The Web3 gaming studio partnered with Midnight to bring Ethereum Virtual Machine (EVM) compatibility to the Cardano sidechain. 
For context, this feature will enable Ethereum developers to deploy dapps on Midnight with just a few lines of code. Furthermore, Paima Studios would also explore the application of zero-knowledge technology (ZK) in Web3 gaming.
Hoskinson Applauds New Explorer
As usual, Hoskinson cheered the development, calling it a “bedrock of cooperative economics.” He argued that the multi-chain explorer is one of the most essential workstreams in the crypto industry, alongside Midnight’s dual token model and the capacity exchange.
The founder’s comment echoes his new belief that crypto projects should collaborate more for the greater good of the industry, shifting from the current zero-sum game.
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Ripple’s senior executive officer, Reece Merrick, makes a daring claim about #Ripple USD (RLUSD) stablecoin, emphasizing that it clears $10 billion in transaction volume daily. 
Merrick, the Managing Director for the Middle East & Africa at Ripple, made the bold claim during an exclusive interview with Finance World Magazine at the Dubai Fintech Summit. In the interview, Merrick discussed how blockchain, particularly stablecoin, could revolutionize cross‑border payments. 
According to Merrick, roughly 50% of the world’s cross-border settlements are settled in U.S. dollars (USD) despite most of these transactions occurring outside the United States. 
Notably, he stated that stablecoins are becoming an integral part of the evolving cross-border payment sector. He indicated that stablecoins, particularly those pegged to USD, were created to eliminate some inefficiencies associated with the traditional payment system, paving the way for instant and low-cost settlements. 
RLUSD Sees $10B in Daily Volume 
Notably, Ripple launched its dollar-pegged stablecoin last year, enabling users to transfer value instantly without relying on intermediaries. According to Merrick, RLUSD has recorded widespread adoption within seven months of its launch, with its market cap soaring to roughly $300 million. 
Interestingly, he claims RLUSD boasts a daily transaction volume of $10 billion. This implies that RLUSD clears approximately $10 billion in transaction volume daily. 

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SEC acknowledges Grayscale’s amendment filing to convert its Digital Large Cap Fund into an ETF covering BTC, ETH, XRP, SOL, and ADA.

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President Donald Trump has again shown his support for Bitcoin and the cryptocurrency industry, insisting it has created jobs for Americans.
Trump views Bitcoin not just as a digital currency but as an industry. He admitted in a White House conference on Friday that he is a fan of cryptocurrency and lauded its impact on the United States’ economy.
Bitcoin Is Amazing: Trump
When questioned about his exposure to cryptocurrency and how it has influenced the approval of certain legislation related to the sector, Trump insisted that he had been involved long before he decided to run for president again and has had little involvement investment-wise since he assumed power.
He noted that he has grown to believe in Bitcoin over time, calling it “amazing.” Remarkably, Bitcoin has been on an uptrend for most of Trump’s time in office, rallying from around $70,000 in November to an all-time high of $112,000 in May.
Trump also highlighted Bitcoin’s remarkable resilience during market turbulence, as it outperformed risk assets following the backlash to his tariff hike. Bitcoin demonstrated its potential as a store of value during those times, serving as a safe haven for investors.
Bitcoin Takes Pressure Off the Dollar
Meanwhile, the President suggested that Bitcoin has played a crucial role in sustaining the US dollar. He noted that Bitcoin “takes a lot of pressure” off the dollar, arguing it is a win for the United States.
The emerging role of Bitcoin and cryptocurrencies in the payment system has contended with the traditional means of transacting. Many view stablecoins and innovations like those powered by Ripple as a new payment rail with better capacity than their conventional counterpart.
Furthermore, Trump noted that the crypto industry has created jobs for Americans, another benefit that his support for the sector has provided. He claimed he turned a “very powerful industry” in crypto and aims to maintain the United States’ dominance in the sector to prevent China from doing so.
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