Ripple partners with SBI Digital Markets to push XRP as a yield asset in Asia

The chief of Britain’s largest corporate Bitcoin holder says the company will continue aggressive accumulation despite nearly $100 million wiped from its holdings over three months. The move signals firm conviction in Bitcoin's long-term value amid a brutal downturn.

David Schwartz confirmed he sold 40,000 ETH at about $1.05 and liquidated nearly all his Bitcoin before it rose past $7,500, answering a long-running community question. He characterized the moves as personal, early-stage decisions rather than market timing plays.

Luxembourg’s CSSF upgraded Ripple from in-principle approval to a full Electronic Money Institution license, enabling the firm to operate Ripple Payments across the EU. The authorization could accelerate fiat rails and institutional adoption while leaving crypto asset rules separate.

Bitcoin fell to $74,550, a 10‑month low, as the crypto market sold off and major altcoins including Ethereum, XRP and Dogecoin posted sharp losses today. The move sees BTC retesting a key support zone that will be pivotal for near‑term direction.

Ripple released one billion XRP onto the market as XRP dropped about 17%, tracking Bitcoin’s steep decline. The timing raises questions about supply pressure during a broader crypto sell-off.