Ripple Targets $5T Banking Market with DXC Partnership

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.

Latam-focused neobank Nu has received conditional approval to establish a U.S. national bank, Nubank N.A., after building a customer base of more than 127 million. The milestone opens a pathway into the U.S. market while Nu completes regulatory requirements.