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XRP posted a 4.5% surge between July 7 and 8, peaking at $2.35 before stabilizing near $2.26. The rally was driven by higher-than-usual trading volume, with over 182 million XRP changing hands during peak hours. Despite broader market hesitation, the token is showing signs of sustained strength, forming solid support zones that suggest continuation potential if key resistance levels are broken.News BackgroundAs global trade disputes escalate and geopolitical risks rattle markets, cryptocurrency remains caught between risk-off sentiment and institutional tailwinds. Amid the turbulence, XRP is emerging as a standout, bolstered by strong on-chain activity and renewed institutional attention. Grayscale recently added XRP to its Digital Large Cap Fund for the first time since regulatory restrictions were lifted, and ten XRP...

Bitcoin BTC traders are increasingly chasing higher-level call options on Deribit, signaling that they are preparing for renewed bullish price volatility."Vols remain pinned near historical lows, but a decisive breach of the $110k resistance could spark a renewed volatility bid. Some larger players appear to be positioning for just that," Singapore-based QCP Capital said in a market update."They are continuing to add exposure to September $130k calls, while steadfastly holding September $115/$140k call spreads, underscoring a structurally bullish Q3 outlook," QCP added.A call option gives the purchaser the right, but not the obligation, to buy the underlying asset at a predetermined price on or before a specific date. A call buyer is implicitly bullish on the market. In other words,...

The Dubai Financial Services Authority (DFSA) granted regulatory approval to QCD Money Market Fund (QCDT), making it the first tokenized money-market fund with an official set-up in the Dubai International Financial Centre (DIFC), according to Qatar National Bank (QNBK), while DMZ Finance, the companies behind the fund.The fund's investment strategy and asset origination is led by Qatar National Bank while DMZ Finance provides the technology underpinning its digital architecture, the companies said in a statement shared with CoinDesk.The regulatory approval serves as evidence of Dubai and the Middle East's growing role as a hub for compliant digital asset finance, particularly in the tokenization market. According to a joint report by Ripple and BCG, the global market for tokenized RWAs...

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.Fund manager Jeff Dyment of Saphira Group wants you to zoom out and stop sweating the short-term charts.His thesis: Data points that suggest institutional bitcoin (BTC) buying is losing steam miss the bigger picture.In a note shared with CoinDesk, Dyment argues that fears of fading institutional demand for bitcoin are overblown, rooted in narrow snapshots of the market.Yes, ETF and corporate purchases have cooled recently – Michael Saylor's Strategy bought just 16,000 BTC last month, down sharply from...

Murano Global Investments, a Nasdaq-listed real estate firm that owns hotels across Mexico, said it's building a bitcoin BTC treasury strategy and mulls ways to integrate the largest cryptocurrency into its operations.The $800 million market cap company slipped a bit more than 1% in trading Monday after announcing the news.The firm has entered into a standby equity purchase agreement (SEPA) worth up to $500 million, with plans to use the proceedings "primarily" to invest in BTC, according to a press release.The company said it will continue to operate its hotels and real estate development businesses, while exploring initiatives such as allowing guests to pay in BTC or earn loyalty rewards denominated in it."We see bitcoin as a transformative asset that...