• The U.S. Senate Banking Committee has scheduled a hearing on cryptocurrency market structure.
• Ripple CEO Brad Garlinghouse is expected to testify alongside other digital asset industry leaders.
• The hearing will focus on new legislation aimed at clarifying crypto classifications between the SEC and the CFTC.
• XRP holders are anticipating that the hearing will help resolve the long-standing regulatory confusion around XRP.
• Ripple has been involved with multiple U.S. federal agencies since 2013 regarding XRP’s status.

The U.S. Senate Banking Committee has scheduled a key hearing to examine the future of cryptocurrency regulation. Ripple CEO Brad Garlinghouse will testify alongside other digital asset leaders during the session on Wednesday, July 9, at 10:00 a.m. ET. XRP holders now anticipate that this event may clarify long-standing regulatory conflicts that have affected their token.

XRP Holders Hope for Clearer Guidelines

The hearing will focus on proposed legislation introduced by Republican Senators Tim Scott, Cynthia Lummis, Bill Hagerty, and Thom Tillis. These lawmakers seek to draw clearer lines between digital assets regulated by the SEC and those under CFTC oversight. Their proposal introduces specific definitions intended to reduce jurisdictional uncertainty and increase transparency.

XRP holders see this as a potential turning point in resolving ambiguity surrounding XRP’s classification. Ripple’s legal history shows repeated contact with regulators, yet the token remains in regulatory limbo. For years, XRP holders have endured mixed signals from federal agencies, impacting the asset’s adoption and price stability.

🗞️Congress Plans Crypto Refocus Next Week; Roman Storm Speaks Out

Crypto returns to the spotlight after OBBB marathon, our exclusive interview with indicted Tornado Cash founder @rstormsf and a roundup of the week’s top stories so far. ⬇️https://t.co/bzJ8oGYPf9

— Eleanor Terrett (@EleanorTerrett) July 2, 2025

The SEC regulates securities, while the CFTC governs commodities, creating overlap when digital assets display features of both. XRP, in particular, has experienced inconsistent categorization despite early recognition by federal agencies. The legislation seeks to prevent future cases like XRP by standardizing how digital tokens are evaluated.

Ripple’s Long Regulatory Road Fuels Hearing’s Relevance

Ripple’s CEO will testify on behalf of XRP holders and the broader blockchain community, emphasizing the need for a unified framework. Since 2013, Ripple has met with multiple U.S. agencies, including the Federal Reserve, the SEC, and the Treasury Department. These meetings aimed to explain how XRP functions and address regulatory concerns.

In 2014, the Government Accountability Office listed XRP as a virtual currency, adding complexity to its classification. Later in 2015, Ripple agreed to comply with banking laws under FinCEN and paid a settlement fine. XRP holders viewed this as evidence of regulatory approval, but conflicts persisted.

In 2018, SEC lawyers applied the Howey Test to XRP but chose not to pursue enforcement actions at that time. Ripple executives then discussed guidance directly with SEC officials, though no violations were raised. These interactions strengthened XRP holders’ belief in Ripple’s commitment to compliance.

Public and Private Sector Actions Complicate XRP’s Status

XRP holders also point to third-party actions as further justification for legal clarity. Coinbase listed XRP after evaluating its compliance status, and the SEC did not object to the listing. MoneyGram disclosed its use of XRP in 2019 filings and conducted cross-border transactions using the token.

Despite this, the SEC filed a lawsuit against Ripple in December 2020, claiming unregistered securities offerings dating back to 2013. This shocked XRP holders, who expected the years of dialogue and cooperation would protect against such legal action. They argue the inconsistency between agency positions has harmed investor trust.

The Financial Stability Oversight Council co-signed a report in 2019 labeling XRP as a virtual currency. Both the SEC and CFTC heads participated in that publication, adding to regulatory confusion. XRP holders continue to cite these conflicting definitions as justification for immediate reform.

Industry Leaders Seek Clarity to Drive Innovation

Garlinghouse will join industry voices including Blockchain Association member Summer Mersinger and Chainalysis CEO Jonathan Levin. Together, they will address the Senate on how fragmented regulation limits innovation and undermines U.S. leadership in digital assets. XRP holders expect their testimony to emphasize urgency and promote a consistent approach.

Paradigm researcher Dan Robinson will also testify, bringing technical insights into how regulation affects blockchain development. Legislators intend to gather input from all sides before finalizing any framework. XRP holders hope the hearing results in more balanced and enforceable laws across agencies.

The post XRP Holders Eye Senate Hearing as Ripple CEO to Testify on Crypto Law appeared first on CoinCentral.

• The TON Foundation announced a staking program promising 10-year UAE visas for $100,000 in Toncoin.
• UAE authorities officially denied any connection to the Toncoin visa offer and confirmed it is not government-approved.
• The announcement gained traction after Binance founder CZ expressed interest in a similar idea for BNB Chain.
• CZ later dismissed the Toncoin campaign after verifying its lack of official backing and regulatory approval.
• The Toncoin website continues to promote the program despite backlash from the community and UAE officials.

A recent Toncoin announcement has drawn global attention, only to be swiftly dismissed by UAE officials as false. The TON Foundation promoted a program offering 10-year UAE visas in exchange for staking $100,000 in Toncoin. Authorities have denied any association, confirming there is no official partnership or approval for such a scheme.

Toncoin’s Bold Claim Faces Immediate Rejection

Toncoin’s announcement circulated on July 5, drawing strong reactions across the crypto industry and social platforms. The TON Foundation promoted guaranteed returns, low risk, and UAE residency through a staking program. However, UAE regulators have stated there is no such visa path linked to staking Toncoin.

Following the claim, the Emirates News Agency issued a public statement denying any government-backed involvement with Toncoin. Officials clarified the token lacks regulatory approval and cannot serve as a basis for visa grants. As a result, the announcement has now come under heavy scrutiny.

Toncoin continues to promote the initiative online, while the foundation has made no retraction. Despite public disapproval, the related webpage remains active. UAE authorities have also reiterated that such offerings violate local policy and regulations.

CZ Reacts as Toncoin Undermines Trust

Binance founder Changpeng Zhao, also known as CZ, initially welcomed the Toncoin initiative as an exciting idea. Operating from the UAE, CZ considered a similar program for BNB Chain. He acknowledged the concept’s potential but questioned its credibility due to the lack of official verification.

If it is real, we will definitely try to get it on BNB too.

— CZ 🔶 BNB (@cz_binance) July 6, 2025

After confirming the UAE’s stance, CZ labeled Toncoin’s campaign as misleading and excessive. He noted several inconsistencies, including the absence of legal or government documents. In response to the clarification, CZ shared a public reaction dismissing the program entirely.

The post Toncoin Visa Promise Denied by UAE, Binance’s CZ Drops Interest appeared first on CoinCentral.

• A crypto analyst believes a $10,000 XRP price could make the XRP Ledger financially inaccessible to regular users.
• The concern centers on the XRP Ledger’s reserve requirements which increase in real cost as XRP’s value rises.
• At $10,000 per XRP, opening a wallet could cost $10,000 while holding a single token could cost $2,000.
• XRP supporters argue that fees remain low because the ledger operates in drops and not in dollar amounts.
• The network’s reserve requirements can be changed through governance to maintain affordability as market conditions shift.

Growing predictions of a $10,000 XRP price have sparked fresh concerns about the long-term accessibility of the XRP Ledger. While the token’s surge could boost market cap and liquidity, critics argue it may conflict with the network’s original mission. As the price climbs, debate intensifies over whether the ledger can remain user-friendly or become financially out of reach.

Pundit Highlights Risk to Everyday Users as XRP Rises

A known blockchain analyst raised concerns that a $10,000 XRP price would create barriers for typical users on the XRP Ledger. He emphasized that even simple actions like creating a wallet or holding tokens would become extremely costly. This shift could undermine the ledger’s aim of offering low-cost and fast financial access.

If 1 XRP = $10,000…
Wouldn’t that defeat the very purpose of the XRP Ledger?

It was built for liquidity, speed, and low-cost access.

Not to become a gated elite chain where it costs $100K just to open a wallet.

Just a thought. #XRP

— Stellar Expert (@StellarExpert) June 29, 2025

The concern stems from the base reserve requirement, which users must hold to interact with the ledger. This reserve is set in XRP units, not dollars, so price increases raise actual costs significantly. For example, a 1 XRP wallet activation becomes $10,000 if XRP reaches that valuation.

The trustline reserve, currently set at 0.2 XRP, would jump to $2,000 per token held if the price climbs. Critics argue this would create a network usable only by institutions and whales. In that scenario, small developers and ordinary users might get priced out entirely.

Network Fundamentals Could Offset Rising Costs

On the other hand, XRP advocates argue that such fears miss key details about how the network functions. They point out that the ledger operates in “drops,” allowing very small denominations for fees and internal calculations. These supporters maintain that rising token prices would not significantly affect transaction costs.

Supporters also highlight that network reserves are adjustable via governance mechanisms built into the XRP Ledger itself. This flexibility allows the community to lower reserve requirements if the price increases substantially. As a result, fees and reserves can be rebalanced to maintain accessibility.

Because of the system’s structure, the ledger’s core transaction fees remain near-zero, regardless of market value. Transactions cost only a few drops, meaning actual fees stay under one cent. Thus, they say XRP can remain efficient and cheap, even at a five-figure price point.

XRPL Utility Depends on Governance Flexibility

Governance updates already reduced the account reserve from 10 XRP to 1 XRP by late 2024. These changes reflect ongoing community efforts to ensure the ledger stays affordable for all users. Supporters suggest that similar adjustments continue if price growth demands further tweaks.

This ability to adapt is central to the argument that rising prices do not necessarily break the system. As the community votes on proposals, technical constraints can evolve to fit new market realities. Therefore, proponents believe that accessibility is not permanently tied to XRP’s dollar value.

The discussion continues as predictions grow more aggressive and market enthusiasm spreads. However, both sides agree that maintaining utility is crucial for the ledger’s long-term success. Whether through price moderation or governance updates, the outcome could shape the XRPL’s future direction.

The post XRPL May Become Elitist If XRP Hits $10,000, Pundit Cautions appeared first on CoinCentral.

• SBI Holdings transferred 320 million XRP valued at over 703 million dollars ahead of Ripple’s scheduled unlock.
• Whale Alert flagged the transaction, which occurred just days before Ripple’s planned release of 1 billion XRP.
• Ripple’s routine monthly token unlock increases the circulating supply and often influences short-term price dynamics.
• XRP has remained range-bound between 2.10 and 2.20 dollars despite the significant token movement.
• Analysts identified a bullish pattern within an ascending channel, suggesting XRP could be preparing for an upward breakout.

SBI Holdings has moved 320 million XRP worth over $703 million, just days before Ripple’s scheduled token unlock. Whale Alert flagged the transfer, highlighting the timing and scale of the movement. Ripple is set to release 1 billion XRP from escrow, increasing the total circulating supply.

The large-scale XRP shift from SBI Holdings has drawn attention due to its proximity to Ripple’s upcoming token release. Typically, Ripple unlocks 1 billion XRP at the start of each month. These scheduled releases often impact market dynamics by expanding the available supply.

As a result, analysts now examine whether the SBI move was made to preempt any supply-driven market response. The XRP market has remained largely stable despite the transfer. However, traders and institutions alike are closely studying the broader implications.

XRP Faces Key Resistance Despite Stability

XRP continues to trade within a narrow price range, showing little reaction to the significant transaction. Over the past several weeks, it has hovered between $2.10 and $2.20. The price now sits at approximately $2.22, with limited volatility.

Despite this, chart analysts remain focused on XRP’s technical positioning within a long-standing ascending channel. XRP has repeatedly bounced from its lower support, suggesting steady accumulation. The pattern may indicate that buying pressure is building near a critical resistance zone.

Lingrid, a technical analyst, has pointed to the ongoing “stair-step” formation supporting a potential upside move. She has observed that XRP has respected the $2.00 support. This level appears to be acting as a psychological and technical floor for further moves.

If buyers maintain control above that support, a test of the $2.45 resistance is possible. Traders are now waiting for confirmation through volume expansion. Momentum indicators also suggest that pressure is building toward a breakout scenario.

Strategic XRP Movements Signal Institutional Positioning

The XRP movement from SBI Holdings appears to be timed ahead of Ripple’s scheduled unlock of 1 billion XRP. Such synchronization raises questions about major institutional players’ market strategies. While SBI has not provided a comment, the transfer implies calculated positioning.

Institutional investors often adjust portfolios before high-volume events to manage exposure and liquidity. The release of escrowed XRP has historically influenced short-term price movement. Thus, proactive actions from large holders are not uncommon.

DonAlt, a well-known market strategist, has noted XRP’s consolidation as a potential base for renewed upward movement. His past forecasts have closely aligned with XRP’s actual price trends. Traders now watch for confirmation of a similar surge.

The post SBI Transfers 320M XRP Ahead of Ripple’s Scheduled Token Unlock appeared first on CoinCentral.

• Jason Williams, a Bitcoin advocate, sarcastically predicted XRP would reach 20,000, sparking widespread debate.
• His follow-up clarified the prediction referenced 20,000 Lebanese pounds, worth just $0.22, indicating a bearish view.
• The post indirectly criticized the bullish XRP forecast promoted by game developer Chad Steingraber.
• Steingraber believes XRP could reach $20,000 through institutional adoption and tokenized financial systems.
• Critics argue the theory is unrealistic and would require a market cap in the quadrillions, far exceeding global assets.

Bitcoin advocate Jason Williams entered the ongoing XRP price debate with a sharp tone that quickly sparked controversy. He predicted XRP would hit 20,000, but his post was not a show of support. Instead, it carried sarcasm, which he later confirmed by comparing the number to the Lebanese pound.

XRP Sarcasm Sparks Community Debate

Williams initially shocked followers by posting that XRP would reach 20,000, a claim many took at face value. While the figure implied a $20,000 valuation, Williams clarified his intent using an image of the Lebanese pound. The value of 20,000 Lebanese pounds equals just $0.22, suggesting a negative outlook for XRP.

XRP is going to 20k a coin.

— Jason Ai. Williams (@GoingParabolic) July 3, 2025

The post quickly spread on social platforms and triggered a wave of reactions from the XRP community. Supporters questioned Williams’ intent, while critics aligned with his skepticism. The exchange made it clear that Williams believes XRP could significantly lose value, not rise.

Although the number seemed bullish, Williams’ responses painted a different picture altogether. His comments consistently mocked the idea of XRP reaching massive valuations. By using a devalued currency for comparison, he emphasized a bearish forecast.

Steingraber’s Theory of $20,000 XRP

Williams’ sarcastic remarks appeared to counter Chad Steingraber’s revived prediction of XRP reaching $20,000. Steingraber, a game developer, supports a thesis involving institutional adoption and global financial system integration. His model assumes XRP becomes central to tokenized banking and private ledger settlements.

According to Steingraber, institutions may absorb most XRP supply, leaving less than 100 million tokens for public access. He claims this would cause panic buying and lead to a massive price spike. Supporters believe that wealth funds could drive demand if XRP gains a key financial role.

While the theory has gained traction within the XRP community, it remains outside mainstream financial discussion. Critics argue that the theory relies on highly optimistic and unproven scenarios. Williams’ post directly challenges this logic, reducing it to wishful thinking.

The core of the disagreement lies in opposing views of future adoption. Steingraber envisions a financial revolution; Williams predicts devaluation. Each voice has amplified a growing divide in expectations.

Market Cap at $20,000 Raises Questions

At $20,000 per XRP, the token’s market cap would exceed all global assets combined. With a circulating supply over 50 billion, such a price suggests a quadrillion-dollar valuation. This level is far beyond the current international financial system’s capacity.

XRP advocates often argue that market cap does not reflect real-world potential. However, alternative valuation models have not gained widespread acceptance, making the $20,000 prediction even more difficult to justify economically.

The post XRP to 20,000? Bitcoin Author Jason Williams Sparks Controversy appeared first on CoinCentral.

• Mercado Bitcoin has partnered with Ripple to tokenize $200 million in real-world assets on the XRP Ledger.
• The tokenized assets will include fixed-income and equity-income financial instruments.
• This initiative represents one of the largest tokenization efforts by a Latin American institution on the XRP Ledger.
• Ripple is supporting Mercado Bitcoin by providing the blockchain infrastructure needed for secure and compliant asset onboarding.
• The project is part of Mercado Bitcoin’s international strategy to expand access to regulated digital products across South America and Europe.

Brazil-based crypto exchange Mercado Bitcoin has announced a strategic expansion move with Ripple to tokenize $200 million in assets. The tokenization will occur on the XRP Ledger and includes regulated real-world assets, such as fixed-income and equity-income instruments. This initiative strengthens Mercado Bitcoin’s ongoing efforts to extend its footprint in both South America and European markets.

The new partnership aims to boost institutional access to blockchain-based financial instruments across borders. Mercado Bitcoin is leveraging Ripple’s blockchain infrastructure to ensure faster settlements and greater efficiency. The two companies aim to create compliant digital investment vehicles that appeal to global financial institutions.

Mercado Bitcoin continues to advance its tokenization roadmap by turning traditional assets into digital tokens on public blockchain rails. Ripple plays a crucial role by offering technical support for onboarding regulated instruments onto the XRP Ledger. This collaboration is designed to unlock new liquidity channels and foster interoperability across markets.

XRP Ledger Chosen for Asset Tokenization

Mercado Bitcoin selected the XRP Ledger due to its speed, cost-efficiency, and regulatory alignment. Ripple’s blockchain platform has demonstrated the capacity to handle institutional-grade assets securely. This partnership marks one of the largest tokenization plans led by a Latin American firm.

The tokenized assets will be premissioned and structured to meet regional compliance standards. Mercado Bitcoin plans to make these assets accessible to investors in key international jurisdictions. Ripple supports the infrastructure needed to ensure secure and seamless onboarding of these financial instruments.

This development follows other major tokenization moves on the XRP Ledger, including Ondo Finance and Guggenheim initiatives. By choosing this public blockchain, Mercado Bitcoin aims to reduce transaction costs while increasing access to capital markets. The project also aligns with Ripple’s focus on real-world utility and institutional adoption.

Mercado Bitcoin Expands Global Operations

Mercado Bitcoin has also listed Ripple’s RLUSD stablecoin to support its digital product offerings. The firm was Ripple’s first payment partner in Brazil, enabling treasury flows to Europe. That early collaboration laid the groundwork for deeper integration with the XRP Ledger.

The latest tokenization initiative will position Mercado Bitcoin as a regional leader in blockchain-based financial services. Ripple will continue to provide cross-border and settlement infrastructure to support growth. Together, they aim to redefine how traditional assets are managed and distributed on-chain.

The post Mercado Bitcoin Teams Up With Ripple to Tokenize $200M on XRPL appeared first on CoinCentral.

• Ondo Finance acquires Oasis Pro to expand regulated tokenized securities in the U.S.
• The acquisition gives Ondo Finance broker-dealer, ATS, and transfer agent licenses.
• Ondo to offer tokenized securities with legal fiat and stablecoin settlement.
• USDY and OUSG remain unregistered and unavailable to U.S. investors post-deal.
• Ondo targets $18T tokenized market with secure, compliant blockchain solutions.

Ondo Finance has acquired Oasis Pro to launch a regulated tokenized securities ecosystem in the U.S. This move strengthens its presence in the blockchain financial sector and marks a major step toward regulated tokenization. The acquisition enables Ondo Finance to expand digital asset access under strong U.S. regulatory oversight.

Ondo Finance Gains Broker-Dealer, ATS, and TA Licenses

Ondo Finance owns Oasis Pro, including its SEC-registered broker-dealer, Alternative Trading System (ATS), and Transfer Agent (TA). This acquisition allows Ondo Finance to operate under comprehensive U.S. financial regulations and expand its regulated tokenized securities offerings. The company will support blockchain-based securities with full legal compliance.

1/ On the 250th birthday of America, we are proud to announce we're taking the next step in our mission to bring financial markets onchain.

Ondo is acquiring Oasis Pro, including its SEC-registered broker-dealer, Alternative Trading System, and Transfer Agent—laying the… pic.twitter.com/CFfW5sXjuf

— Ondo Finance (@OndoFinance) July 4, 2025

Ondo Finance establishes a critical regulatory foundation to deliver tokenized securities through a secure and licensed platform. The licenses now held by Ondo Finance enable legal settlement using fiat and stablecoins like USDC and DAI. This positions Ondo Finance to build a compliant infrastructure for tokenized assets in the United States.

Oasis Pro built an SEC-compliant structure that aligns with FINRA regulations. It became one of the first firms approved for digital asset settlement in stablecoins. Ondo Finance aims to use this infrastructure to develop secure onchain financial products and services.

USDY, OUSG, and Global Markets Products Remain Unregistered in the U.S.

Ondo Finance offers products like USDY and OUSG on its platform, but these are not available to U.S. persons. These tokenized assets remain unregistered under the Securities Act of 1933 and cannot be sold within the United States. Ondo Finance continues to maintain a separation between its U.S.-registered broker-dealer and these global offerings.

Ondo Finance will continue to operate in global markets separately from regulated U.S. activities. The company aims to keep these two business streams compliant and distinct.

Ondo Finance stated that balances and holdings on ondo.finance are not SIPC insured. The platform operates independently from Oasis Pro’s brokerage services. These distinctions help ensure regulatory clarity and customer transparency across jurisdictions.

Strategic Growth into Tokenized U.S. Securities Market

The acquisition allows Ondo Finance to target the growing tokenized securities market, expected to reach $18 trillion by 2033. It plans to offer tokenized stocks backed 1:1 by real-world shares using blockchain rails. These services will follow strict regulatory frameworks that are now accessible through Oasis Pro licenses.

Ondo Finance manages over $1.4 billion in tokenized products and seeks to grow that base through compliant U.S. operations. The new acquisition brings experience, infrastructure, and regulatory clarity to support further expansion. It also enhances its ecosystem of custodians, protocols, and trading platforms.

By acquiring Oasis Pro, Ondo Finance reinforces its mission to modernize financial markets. The deal aligns with a broader strategy to integrate regulation with blockchain innovation. Ondo Finance will continue building an open, secure financial system through compliant tokenized securities.

The post Ondo Finance Acquires Oasis Pro to Launch Regulated Tokenized Securities in the U.S. appeared first on CoinCentral.

• Ripple completed its July escrow unlock by releasing 1 billion XRP in two separate 500 million tranches.
• The first 500 million XRP was unlocked on July 1, followed by another 500 million XRP on July 4.
• This split unlock deviated from Ripple’s usual single-day, full-month release pattern.
• Ripple relocked a total of 700 million XRP in July, differing from the typical 800 million relock.
• The XRP token price declined by 2.78% in the last 24 hours despite a 6% monthly gain.

Ripple completed its July XRP escrow target after unlocking 1 billion tokens in two unexpected 500 million tranches. The first unlock occurred on July 1, while the second followed on July 4, catching analysts by surprise. This split approach signals a shift in the company’s monthly token release strategy.

The two transactions totaled $2.24 billion in value and reflect Ripple’s broader strategic shift in managing its XRP reserves. While the token saw a monthly gain of 6%, its price dropped by 2.78% in the last 24 hours. Trading volume also fell by 28%, settling at $3.12 billion amid the platform’s realignment efforts.

Despite the volatility, Ripple’s escrow behavior continues evolving, with July marking a significant deviation from its standard issuance and relock pattern. The new allocation model now reflects market responsiveness rather than calendar-based automation. This change may influence how stakeholders assess future token supply movements and liquidity trends.

XRP Escrow Split Unlock Strategy Raises Market Interest

Ripple unlocked 500 million XRP on July 1 and another 500 million on July 4, completing its standard 1 billion monthly target. The split release occurred outside of the expected single-day unlock method, leading to community speculation. Whale Alert confirmed the second transfer to an unknown wallet, valued at over $1.1 billion.

🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 🔓 500,000,000 #XRP (1,118,938,031 USD) unlocked from escrow at unknown wallethttps://t.co/5jBpd4IqV1

— Whale Alert (@whale_alert) July 4, 2025

Earlier in the month, Ripple also relocked 400 million XRP from the initial release, temporarily reducing the circulating supply. However, this figure later increased as the firm added another 300 million XRP to the escrow. The total relocked amount for July reached 700 million XRP, indicating a break from past trends.

Ripple typically unlocks 1 billion XRP each month and relocks 800 million, but July’s moves reflect changing internal priorities. Since March, Ripple has adjusted its release approach, using smart contracts more flexibly to meet operational needs. The new strategy could be shaping a more demand-driven XRP supply mechanism.

Strategic Shifts and External Rumors Surround Ripple’s XRP Allocation

Ripple currently holds 36.4 billion XRP in escrow, with around 5 billion XRP accessible in liquid reserves. The shift away from predictable relocks aligns with an agile supply management structure. Ripple now responds dynamically to market conditions, reducing the reliance on a fixed unlock model.

Amid these changes, external speculation has grown, particularly regarding potential government involvement in Ripple’s XRP holdings. A report from Coincentral referenced unconfirmed claims about a U.S. Treasury seizure of escrowed tokens. Although legal experts have denied these claims, online discussion continues around Ripple’s intentions.

Contributing to these rumors, Ripple recently pursued a U.S. national bank charter and applied for a Federal Reserve master account. This move supports its RLUSD stablecoin initiative and could allow direct reserve custody at the Fed.

The post XRP Unlock Hits 1B as Ripple Splits July Release in Two Tranches appeared first on CoinCentral.

• Ripple and Tenity have jointly launched the XRPL Accelerator program in Singapore.
• The program offers up to $200,000 in grants to support early-stage startups using the XRP Ledger.
• It targets new blockchain ventures across the Asia-Pacific region aiming to build on XRPL technology.
• Singapore was selected due to its strong fintech ecosystem and regional leadership in blockchain adoption.
• The program combines financial aid with expert mentorship and industry networking opportunities.

Ripple and Tenity have launched the XRPL Accelerator program in Singapore to support early-stage startups using XRP Ledger. The initiative offers up to $200,000 in financial grants to qualifying businesses building on XRPL. It aims to promote blockchain innovation across Asia-Pacific by combining financial support and expert mentorship.

Singapore Chosen as Strategic Hub for Blockchain Growth

Ripple and Tenity selected Singapore due to its strong fintech ecosystem and growing adoption of blockchain across the region. The city-state offers a favorable environment for emerging fintech companies seeking regulatory clarity and investor access. This makes Singapore an ideal location to host and scale XRPL-based startup projects.

1/ Singapore continues to lead in blockchain innovation. 🇸🇬@Ripple and @tenity_global are set to launch an XRPL Accelerator program to support builders and startups across APAC: https://t.co/twyRbB2zU0

This is a 12-week program with a focus on RWA tokenization, institutional…

— RippleX (@RippleXDev) July 4, 2025

The program seeks to attract technical talent and entrepreneurs by offering capital, guidance, and networking opportunities with industry experts. As the blockchain sector matures, Ripple’s move strengthens its regional presence while reinforcing support for decentralized applications. Tenity’s role enhances credibility due to its experience incubating fintech ventures.

Startups in the Asia-Pacific region will benefit from localized support and access to Ripple’s global network and XRPL’s capabilities. The XRPL Accelerator also provides tailored mentoring, which focuses on refining product design and market entry strategies. Through this setup, Ripple and Tenity aim to drive practical innovation in blockchain-based financial solutions.

Focus on Startups Leveraging the XRPL

Eligible participants must use the XRP Ledger to build their solutions, which include payments, tokenization, or decentralized finance tools. The program encourages creative approaches that can expand blockchain utility beyond cryptocurrency transactions. Ripple intends to nurture scalable solutions with long-term industry impact.

Tenity will guide startups through structured mentorship programs to ensure successful product development and business execution. The grant also helps reduce early funding barriers, enabling quicker market testing and validation. Ripple plans to share more program details in upcoming weeks as applications open.

The post Ripple Partners with Tenity to Boost XRPL Startups in Singapore appeared first on CoinCentral.

• Elon Musk stated that OpenAI equity is fake following a warning from the company about misleading token use.
• OpenAI clarified that tokens tied to its name on Robinhood do not represent real equity in the company.
• Musk did not comment on Robinhood’s inclusion of a token offering indirect exposure to SpaceX.
• Robinhood explained that the tokens offer access to private assets but are not formal equity instruments.
• The OpenAI brand remains central to the ongoing discussion about tokenized assets and investor perception.

Elon Musk dismissed the legitimacy of OpenAI equity after the company issued a warning about misleading token representations. He commented on the matter following confusion tied to Robinhood’s stock token campaign involving OpenAI tokens. While Musk challenged OpenAI’s structure, he remained silent about the inclusion of SpaceX tokens on the same platform.

Elon Musk Challenges OpenAI’s Corporate Direction

Elon Musk labeled OpenAI equity as fake, underscoring his continued opposition to the company’s shift toward a for-profit model. He has criticized OpenAI’s structure since it transitioned to a nonprofit, arguing it broke its founding mission. According to Musk, the organization now favors profit-driven decisions over the public interest.

OpenAI recently issued a statement clarifying that its tokens linked to Robinhood do not reflect absolute equity ownership. This clarification follows growing confusion around token giveaways that used the OpenAI name without formal backing. The company emphasized that OpenAI remains privately held and does not issue public tokens.

Despite the criticism, OpenAI continues to develop commercial tools and form partnerships with major firms. Musk’s remarks reflect longstanding concerns over OpenAI’s governance and investor influence. His silence on Robinhood’s exposure to SpaceX assets contrasts with his vocal stance on OpenAI’s operations.

Your “equity” is fake

— Elon Musk (@elonmusk) July 2, 2025

Robinhood Advances Tokenized Equity Access

Robinhood’s CEO explained that the token giveaways aim to create exposure, though they are not direct equity instruments. The platform issued tokens for several private companies, including one linked to OpenAI and another referencing SpaceX. These tokens are currently available only to European investors outside U.S. jurisdiction.

At our recent crypto event, we announced a limited Stock Token giveaway on OpenAI and SpaceX to eligible European customers. While it is true that they aren’t technically “equity” (you can see the precise dynamics in our Terms for those interested), the tokens effectively give…

— Vlad Tenev (@vladtenev) July 2, 2025

Robinhood collaborates with other trading platforms to support the global tokenization trend in equity markets. It launched these offerings with support from Bybit and Kraken to broaden access to private company exposure. Despite criticism, OpenAI remains a key part of this narrative due to its brand value.

The inclusion of OpenAI tokens sparked interest, although the company publicly disavowed any association. Robinhood continues promoting tokenization, seeing it as a pathway for retail engagement. OpenAI’s name in this campaign intensified scrutiny, especially following Musk’s recent statements.

The post Elon Musk Calls OpenAI Equity Fake, Stays Silent on SpaceX Token appeared first on CoinCentral.