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Ripple’s push for a U.S. banking license has reignited bullish momentum for XRP, fueling a high-volume breakout above the $2.28 resistance level and setting up a potential test of $2.38 — a level that, if breached, could trigger a larger upside move.News BackgroundRipple's application for a national trust bank charter with the U.S. Office of the Comptroller of the Currency (OCC) has provided a fundamental catalyst for XRP. The move signals deeper integration into the regulated financial system and is widely seen as a bullish step toward institutional adoption. As the regulatory narrative shifts, XRP has emerged as one of the few altcoins with both legal clarity and rising institutional interest.Price Action SummaryXRP rallied 2.36% over the 24-hour period from...

Bitcoin is holding firm near $108,700 even as traditional markets recoil from renewed trade tensions sparked by Donald Trump. The U.S. president signaled plans to hike tariffs on imports, potentially as high as 50%, citing ongoing friction with the European Union over tech regulations.The rhetoric sent Asian equities lower for a third time in four sessions, pushed copper futures down in London, and dragged U.S. equity futures into the red.Yet Bitcoin remained largely unfazed, suggesting crypto investors are either discounting the macro noise or viewing BTC as increasingly insulated from global policy risk, some opined.“Bitcoin’s slight price drop from Trump's tariff plans showcases the digital asset's resilient nature and long-term investor confidence,” said Han Xu, Director at HashKey Capital, said...

Good Morning, Asia. Here's what's making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas.As Asia begins its Wednesday trading day, bitcoin (BTC) continues to trade rangebound without any dominant market-moving headlines.The world's largest digital asset is trading above $108,900, according to CoinDesk market data, and the CoinDesk 20 index, a measure of the performance of the largest digital assets, is above 3,100, up 1.7%.Right now, what separates bitcoin's drift to $110K from a rally is market conviction, say observers.In a recent report, Glassnode highlighted that spot volumes for BTC continue to...

NEW YORK, New York — The U.S. Treasury Department’s Office of Foreign Asset Control’s (OFAC) sanctions against privacy tool Tornado Cash cannot be discussed at the upcoming trial of developer Roman Storm, a federal judge ruled Tuesday.At a status conference in Manhattan on Tuesday, District Judge Katherine Polk Failla initially waffled on whether she would allow expert witnesses to testify about the sanctions, which were initially imposed in August 2022, removed this March and subsequently found illegal by a Texas court.After hearing arguments from both the prosecution and the defense, Failla decided to grant Storm’s motion in limine moving to prohibit testimony about the sanctions entirely, arguing that it would simply be too confusing for a jury to do what...

Native token of decentralized finance (DeFi) lender Aave AAVE on Tuesday rallied to its strongest price in three weeks, topping $290 as the DeFi lending sector is heating up.AAVE saw considerable volatility throughout Monday and Tuesday, rebounding from the nadir of $277.57 to $291.11, gaining some 5%, according to CoinDesk Research's technical analysis data.Volume patterns remained robust throughout the period, with notable spikes during the 12:00-12:13 breakout phase exceeding 2,000 units, confirming authentic buying interest and validating the sustained recovery from earlier session lows, the model noted.The recovery pattern suggests substantial purchasing interest at lower levels around $277.00-$280.00, establishing potential support zones for future price action, the model suggested.The move happened as the broader DeFi lending space is enjoying...