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Institutional desks explore crypto–AI hybrid investment models.
Macro experts monitor crypto’s decoupling from equities as a potential hedge play.
Retail sentiment improves modestly following several weeks of price stability.
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Ripple, the company behind XRP, has launched a new stablecoin on the XRP Ledger. Fully backed by U.S. dollar deposits and short-term U.S. government treasuries, this stablecoin aims to compete with Tether (USDT) and USD Coin (USDC). The goal is to enhance liquidity and introduce new use cases for the XRP Ledger  . This is a significant move for Ripple. Introducing a stablecoin can boost the utility of the XRP Ledger and support Ripple’s mission of facilitating low-cost international transactions. Competing with established stablecoins will be challenging, but success could increase adoption and market stability for Ripple’s products.
Gemini Settles with New York Attorney General Cryptocurrency exchange Gemini has settled with the New York Attorney General, agreeing to pay $50 million. The settlement addresses issues related to the exchange’s security practices and regulatory compliance. Gemini’s settlement highlights the ongoing regulatory scrutiny in the cryptocurrency industry. By resolving these issues, Gemini can focus on improving its platform and services, potentially regaining trust and attracting more users .
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