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Search results for July 1

Crypto

Ripple targets institutional payment networks with Mastercard, JPMorgan partnerships, two-track XRP and RLUSD strategy

Ripple is accelerating efforts to expand institutional digital asset infrastructure using the XRP Ledger and its dollar-pegged stablecoin RLUSD. It is working with firms including Mastercard, JPMorgan, Ondo Finance and OKX to connect traditional finance with blockchain payments. Ripple plans to use XRPL for inter-institution payments and value transfer, while expanding RLUSD use in trading and collateral. Ripple issued RLUSD on XRPL and Ethereum this month, with most minted on XRPL.

Crypto

Bitcoin spot ETFs have far to go despite rebound; June outflows hit record

U.S.-listed bitcoin spot exchange-traded funds posted net inflows for a second straight week, but the rebound remains limited. The past two weeks brought $273.1 million of net inflows, just 3.3 percent of the $8.2 billion that exited over the previous eight weeks. June outflows totalled about $4.5 billion, the largest monthly figure since the products launched in January 2024. Analysts remain divided over whether the move marks a trend shift.

AI & Enterprise

Anthropic integrates Claude Fable 5 into Max and Team Premium plans

Anthropic has made its top-performance AI model, Claude Fable 5, a standard feature in selected higher-tier subscription plans, ending its limited-time availability since launch. The model will be available on the personal Max plan and the business Team Premium plan, but usage will be capped at up to 50 percent of each plan’s total limit. Anthropic said the restrictions are to manage demand and expand access gradually as it secures additional computing resources.