XRP Tops BTC and ETH in South Korean Trading with $1.2B Volume

Roughly 50 million XRP was sold within a single day after a rebound stalled near $1.66, sparking a sharp weekend sell-off. The on-chain outflow and volume spike have increased short-term downside pressure on the token.

Standard Chartered sharply cut its price forecasts, warning bitcoin could slide toward $50,000 and ether to about $1,400 in the coming months before recovering. The bank said the revisions reflect mounting stress across digital assets even as it retains a constructive long-term view.

Brazil has introduced legislation to accumulate 1 million BTC over five years under a new RESBit framework, backed by national reserves. If passed, it would create the largest sovereign Bitcoin reserve and reshape reserve strategy.

MicroStrategy CEO Michael Saylor hinted the firm will buy more bitcoin during a broad market sell-off, extending its accumulation to a 12th consecutive week despite a steep drop in MSTR shares.

Morgan Stanley is recruiting blockchain engineers to lead multi-chain initiatives across Ethereum, Polygon, Canton and Hyperledger with a focus on regulatory compliance, security and interoperability. The hiring push highlights growing institutional effort to bridge public and permissioned ledgers.