2 hours ago
TL:DR; The overall market crash that started late last night only worsened in the past few hours, and Ripple’s native token is among the poorest performers, with a massive 15% daily drop. This comes despite a highly positive endorsement from SBI’s CEO, who predicted that XRP’s price could shoot up in the next few weeks. XRPUSD. Source: TradingView It’s worth noting that XRP’s price drop is far from a corner case. The entire crypto market turned red in the past 24 hours, perhaps driven by the geopolitical uncertainty following President Trump’s tariffs against China, Canada, and Mexico. Bitcoin, for instance, plunged below $100,000 earlier today and kept nosediving to a three-week low of its own at $97,000. Many other altcoins have posted double-digit price declines. XRP stood at $3.07 yesterday, as reported , but slumped beneath the $3 mark earlier today and kept dropping to $2.53 (on Bitstamp). This intraday low became the asset’s lowest valuation since January 14. What’s particularly compelling in XRP’s case is the fact that this crash came just hours after Crypto Twitter (X) started sharing a video of SBI’s CEO, Yoshitaka Kitao, who noted that he anticipates the case between Ripple and the SEC to be resolved in a few weeks. Moreover, he said he expects XRP’s price to “soar significantly” if the court determines that the asset is not a security – which has been the main dispute between the company behind the token and the SEC for over four years now. The crypto market is typically quite susceptible to such big endorsements from prominent figures, but today’s politically driven crash seems to be an exception. This only proves a recent report that the crypto industry reacts more violently to FUD than actual positive news. The post Ripple (XRP) Plummets to 3-Week Low Despite Strong Endorsement From SBI CEO appeared first on CryptoPotato .
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Switzerland’s Largest Bank Tests Tokenized Gold Product on Ethereum Layer-2 ZKsync
Union Bank of Switzerland (UBS), the largest bank in Switzerland, is testing a tokenized gold product on Ethereum ( ETH ) layer-2 scaling solution ZKsync ( ZK ). In a new thread on the social media platform X, the developers behind ZKsync say that UBS is testing out its tokenized gold investment products on the blockchain as a means of improving functionality for global use. The product – UBS Key4 Gold, which allows users to buy and sell units of gold on-chain – is now being tested on the layer-2 network, according to its developers. “UBS, Switzerland’s largest bank, is modernizing digital gold investments on ZKsync. In a PoC (proof of concept) for UBS Gold, they tested ZKsync Validium. The goal: To address scalability, privacy, and interoperability for global expansion… UBS Key4 Gold allows for fractional gold investments for retail clients and includes real-time pricing, deep liquidity, secure physical storage, and optional delivery. UBS Key4 Gold is built on the UBS Gold Network, a permissioned blockchain connecting vaults, liquidity providers, and distributors.” ZKsync says that UBS deploying smart contracts on its testnet Validium was a success. As stated by ZKsync co-founder Alex Gluchowski, “This PoC reflects UBS’ continued efforts to explore how blockchain can enhance its financial offerings and support its broader digital asset strategy. I firmly believe that the future of finance will take place on-chain and ZK technology will be the catalyst for growth. This PoC is a testament to the fact that ZKsync is the ideal home for tokenized assets, building Web3 without compromise. We’re excited to play an integral role in the continued evolution of the space.” ZK is trading for $0.142 at time of writing, a 6.8% decrease on the day. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Switzerland’s Largest Bank Tests Tokenized Gold Product on Ethereum Layer-2 ZKsync appeared first on The Daily Hodl . Crypto Potato
Bitcoin Dips Below $100,000: Could OM, XMR, MNT, and GT Spark a Potential Recovery?
The recent turbulence in the cryptocurrency market has seen Bitcoin dip below the significant $100,000 mark, raising concerns and questions about the recovery potential of altcoins. Factors impacting today’s market Crypto Potato
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