According to Cointelegraph, XRP has experienced a remarkable surge, increasing over 600% since November and reaching a market capitalization of approximately $190 billion. This growth comes as the market evaluates the Ripple lawsuit settlement, regulatory clarity in the United States, and the momentum of exchange-traded funds (ETFs). Despite this rapid appreciation, questions arise regarding whether XRP's fundamentals have kept pace with its price. XRP's valuation is significantly higher than its total value locked (TVL), with the XRP Ledger (XRPL) reporting a TVL of $87.74 million as of Monday, according to DefiLlama. The decentralized exchange (DEX) volumes on XRPL were $49,621 in the last 24 hours, while app fees totaled just $1,467. This indicates that XRP's market cap is over 2,200 times its DeFi TVL and approximately 363,000 times its annualized fee revenue. For XRP enthusiasts, the current valuation reflects optimism about XRPL's future growth, driven by factors such as settlement volumes, stablecoin growth, corporate treasury allocations, and ETF inflows. XRPL hosts $175.9 million in tokenized assets, marking a 52.25% increase in a month, led by US Treasury debt, public equities, real estate, and stablecoins, according to RWA.xyz data. This rapid growth positions XRPL among the fastest in the Real World Asset (RWA) tokenization sector, suggesting expanding use cases that could enhance future XRP demand. However, XRP remains behind Ethereum, the leading layer-1 blockchain, which boasts a market cap exceeding $516 billion, a $92.06 billion TVL, and generates $10.48 million in daily app fees. Ethereum's market cap-to-TVL ratio stands at 5.6, and its market cap-to-annualized-fee ratio is 135, significantly lower than XRPL's. From a technical perspective, XRP's recent rally shows signs of slowing momentum. A growing bearish divergence between its price and the relative strength index (RSI) suggests weakening buying pressure, a setup historically preceding corrections. XRP could face an initial pullback toward its 20-2W exponential moving average near $2.32 by September, representing a decline of over 25% from current prices. This level is notable as it approximates XRP's realized price over the past six months, essentially the average cost basis at which existing holders acquired their tokens during that period. Despite these signals, some technical analysts remain optimistic about XRP's price potentially rising to as high as $10 in the coming months. Readers are advised to conduct their own research before making investment decisions, as every investment and trading move involves risk.

Potential Ethereum sell-off scare in view as 39,699 ETH land on Coinbase Institutional source: https://u.today/132500000-in-ethereum-stun-coinbase-institutional

Heritage Distilling is set to launch an IP token treasury strategy worth about $340 million, backed by a16z crypto and other investors. source: https://www.theblock.co/post/366374/a16z-crypto-others-story-ip-token-treasury-strategy-heritage-distilling?utm_source=rss&utm_medium=rss

null source: https://x.com/BTC_Archive/status/1954929974437183936

XRP just flashed crucial reversal signal, with market watching to see what comes next source: https://u.today/xrp-hits-1-billion-open-interest-on-binance-whats-next-for-price

Democratic staff say Republican counterparts'crypto draft bill creates a "superhighway" for assets looking to skirt regulators' authority. source: https://www.theblock.co/post/366380/senate-banking-committtee-democratic-staff-slam-gop-crypto-draft-bill-as-superhighway-for-dodging-regulation?utm_source=rss&utm_medium=rss

The firm confirmed it has filed an amended registration statement with the U. S. source: https://coindoo.com/trump-media-advances-plans-for-truth-social-bitcoin-etf/

French Capital B adds 126 BTC to treasury for €12. 4M bringing total holdings to 2,201 Bitcoin worth $233M achieving remarkable 1,519. 5% BTC yield as Europe's leading Bitcoin treasury company. source: https://cryptonews.com/news/french-capital-b-adds-126-btc-to-treasury-holdings-reach-2201-bitcoin-worth-233m/

Galaxy Digital transfers $41M of Solana to exchanges as London-based Abraxas Capital faces $190M shorts. source: https://www.thestreet.com/crypto/markets/shorting-crypto-goes-horribly-wrong-firm-loses-millions

Bitcoin nears ATH, ETH hits highs since 2021. ETH leads majors, 71% odds it hits $5k in 2025. BlackRock has no plans for XRP or SOL ETF. Harvard bought $117m BTC ETF source: https://decrypt.co/videos/interviews/GDw7fLk1/eth-breaks-through-4k-btc-nears-ath-punks-now-240k

英国金融行为监管局推出金融科技监管沙盒十年后，该模式虽全球普及，但其核心——监管放宽与指导结合——的实际效果仍缺乏有力实证。

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在 2022 年，Appchain 可能是相对边缘的技术选项。步入 2025 年，随着越来越多 Appchain，特别是 Unichain 和 HyperEVM 的推出，市场的竞争格局正在悄然变化。

美国,加密市场,9万亿养老金“杀入”加密市场 牛市还会远吗？ 金色财经,特朗普对加密产业的托举，堪称尽心尽力。

今日晚间推荐阅读：1.ETH 4 个月逆袭背后推手及值得关注的DeFi代币；2.私人货币崛起：Tether、比特币和《天才法案》；3.DAT的兴起：从持有比特币到收益管理；

加密市场,比特币迎“八月危机”还是“黄金布局”？ 金色财经,本周加密市场呈现出“多空博弈的极致演绎”。

在美国华盛顿的一个平凡夏日，特朗普总统签署了一项看似低调的行政命令，然而这份文件却有潜力改写美国数十年来的退休投资格局。

加密众神殿席位有限，新天选者只能奋力前进，结交现有神祇，打造最强协议网，才能为自己挣得容身之处。

An Argentine blockchain developer known as “Fede’s Intern” has found himself locked up by the Turkish authorities for allegedly misusing Ethereum.

BNC, a company listed on Nasdaq, purchased 200,000 Binance Coins for $160 million and aims to raise up to $1.25 billion to increase its BNB holdings. This reflects a rising trend of firms investing in BNB as part of their corporate crypto portfolios.