Intesa Sanpaolo bought XRP through a trust. How banks actually hold crypto

The post XRP Is Back: Rare Reversal Appears on Market appeared on BitcoinEthereumNews.com. Bears are losing control Long way to go One of XRP’s most notable recovery patterns in recent months might be on display. In contrast to many reversals that start with traditional technical formations like inverse head-and-shoulders patterns, double bottoms, or capitulation spikes, XRP’s most recent rebound seems to be emerging naturally through a slow change in market structure.  Bears are losing control XRP has been stuck in a steady downward trend on the daily chart for the majority of 2026. The asset was frequently driven lower by lower highs and lower lows, and the 50-day and 100-day moving averages served as dynamic resistance levels. However, it appears that sellers are starting to lose control based on recent price action.  The departure from the sharply declining trajectory that dominated June trading is the most noteworthy development. Without first creating a textbook reversal pattern,

The post Grayscale CFO Exits After 7 Years Amid Bitcoin ETF Battle appeared on BitcoinEthereumNews.com. The departure of a chief financial officer after a seven-year stint rarely happens in a vacuum. At Grayscale, it lands at a particularly fragile moment. Edward McGee has stepped down, as reported by the original CoinDesk report, joining a small but growing exodus from the crypto asset manager’s senior ranks. Weeks earlier, distribution chief John Hoffman left for Ondo Finance, the tokenized real-world asset platform. The exits are not merely personnel updates. They chip away at the leadership bench that guides the world’s largest cryptocurrency trust through its most consequential regulatory hurdle: the lawsuit against the U.S. Securities and Exchange Commission over the conversion of the Grayscale Bitcoin Trust (GBTC) into a spot ETF. The Timing Is the Story A CFO departure always draws attention, but McGee’s exit lands in the middle of a high-stakes legal fight that could define Gr

The post Top XRP Price Predictions, Shiba Inu Goes in Flames, and More: Bits Recap July 10 appeared on BitcoinEthereumNews.com. A closer look at the recent performance of XRP, SHIB, and ETH, along with some price predictions. Ripple’s XRP has seen a minor resurgence over the past week, mirroring the broader crypto market’s revival. Some analysts believe the token is poised for a major pump, while others remain cautious, warning of a short-term pullback. Shiba Inu (SHIB) has also stepped into the spotlight thanks to its burning mechanism, whereas Ethereum (ETH) is pushing to break above $1,800 and might be gearing up for a move toward $2,000. Up or Down for XRP? Ripple’s cross-border token currently trades at around $1.11 (according to CoinGecko), marking only a marginal weekly gain despite several major developments surrounding the company in recent days. Many commentators on X think a much more substantial upswing could be on the way. Mikybull Crypto described the ongoing price leve

Coinbase CLO Paul Grewal and Grayscale CFO Edward McGee have both resigned, with internal successors named as new US crypto rules take shape. The post Coinbase CLO and Grayscale CFO Both Exit as Crypto Regulation Era Begins appeared first on 99Bitcoins.

A closer look at the recent performance of XRP, SHIB, and ETH, along with some price predictions.

The post ‘What an Amazing Coincidence’: Ripple CTO Emeritus Reacts to Multi-Million XRP Deal appeared on BitcoinEthereumNews.com. Former Ripple Chief Technology Officer and current CTO Emeritus David Schwartz sarcastically commented on the company’s new sponsorship deal with the University of Kansas athletics department and the Kansas Jayhawks. Ripple CEO Brad Garlinghouse previously announced that the XRP logo would appear on the teams’ uniforms, marking the first such integration in the history of US college sports.  According to sports insiders, like Ben Portnoy, the major five-year contract is valued at approximately $30 million. Schwartz’s post was an obvious inside joke as Ripple’s multimillion-dollar marketing budget predictably went exactly where the CEO’s personal loyalties pointed. Schwartz entered the comments and replied briefly: “What an amazing coincidence!” The former CTO’s reaction points to a well-known background, as Garlinghouse not only graduated from the university

The post Intesa Sanpaolo bought XRP through a trust. How banks actually hold crypto appeared on BitcoinEthereumNews.com. Italy’s largest bank disclosed an $18 million XRP position, and the interesting part is not the size but the plumbing: the exposure runs through Grayscale’s trust, not through wallets, keys, or even the shiny new ETFs. Bank crypto exposure has more than doubled in two quarters, and the wrappers banks choose reveal exactly how far the regulated world has actually come. This is the anatomy of how a bank buys a token. Summary Italy’s largest bank disclosed an $18 million XRP position through Grayscale’s trust, highlighting how regulated banks continue to prefer traditional securities over direct crypto holdings. European banks’ disclosed crypto exposure has more than doubled to $235 million, although most positions remain small, wrapped and focused on strategic exposure rather than treasury investments. The structure banks choose to hold crypto reflects regulatory, capi

The post Bitcoin tops $64K as improving risk sentiment boosts crypto market recovery appeared on BitcoinEthereumNews.com. Key takeaways Bitcoin (BTC), Ethereum (ETH), and XRP extended their recovery as geopolitical concerns eased. Market sentiment improved after US President Donald Trump said Iran had reached out to discuss a potential agreement. Bitcoin has surpassed the key $64,000 resistance level, with a breakout potentially strengthening the short-term outlook. Bitcoin (BTC) extended its recovery on Friday, climbing above the $64,000 level as improving investor sentiment supported a broader rebound across the cryptocurrency market. The recovery comes after geopolitical concerns eased following comments from US President Donald Trump, who said Iran had contacted the United States to discuss a potential agreement.  The remarks fueled hopes of reduced tensions in the Middle East, encouraging investors to return to risk assets. The positive sentiment also helped Ethereum (ETH) edge cl