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Crypto

XRP pulls back after 70 percent surge; focus turns to $1.35 support

XRP has held above its 200-day moving average during a pullback after breaking above the long-term indicator, signalling its clearest bullish reversal in 2025. The initial surge eased, but analysts cited falling volume during the correction as a sign sellers lacked strength. Key support is seen at $1.35. Holding that level could allow a move back to $1.45 to $1.50, while a sustained drop below the 200-day average could open a retreat toward $1.20 to $1.26.

Crypto

Stablecoins cannot fill U.S. long-term Treasury demand gap despite $73.3 billion

Rising demand for stablecoins can help the U.S. government finance short-term Treasury bills but cannot address weak demand for long-term debt, with maturity the key constraint. U.S. stablecoin reserve rules tie funds to assets with maturities of 93 days or less, excluding newly issued 10-year and 30-year Treasuries. The Treasury has separately expanded long-term debt buybacks to support market liquidity, while evidence of a direct link to stablecoin reserves or bitcoin prices has not been confirmed.

Crypto

Ripple CLO says Clarity Act tied to U.S. jobs and economic growth, September vote in focus

Ripple Chief Legal Officer Stuart Alderoty (스튜어트 알데로티) urged swift passage of the Clarity Act pending in the U.S. Congress, linking the bill to jobs and economic growth. A report by the National Cryptocurrency Association and the Pragmatic Policy Group estimated the crypto industry could create 232,000 U.S. jobs by 2026 and contribute more than $55 billion to the economy. The bill, passed by the House in July 2025, is now awaiting Senate action.