Whale selling and a reduction in XRP ledger activity over the past two months increased the downside potential for XRP price to drop toward $2. Key takeaways: XRP’s failure to hold $3 points to a continued downside risk to $2.40-$2.00. Whales continue to sell XRP. Read more
SC Ventures plans to launch a digital asset fund in 2026, with a focus on global digital asset investment opportunities. Update Sept. 16, 11:33 am UTC: This article has been updated to clarify that SC Ventures is launching a digital asset fund, not a crypto fund. Update Sept. 16, 1:38 pm UTC: This article has been updated to include comments from an SC Ventures representative. Standard Chartered’s venture arm is preparing to launch a $250 million digital asset investment fund in 2026, signaling growing institutional appetite for digital assets. Read more
Strategy’s Michael Saylor and BitMine’s Tom Lee are among 18 industry leaders who will look at ways to pass the BITCOIN Act and enable budget-neutral ways to buy Bitcoin. US lawmakers are set to meet with 18 crypto industry executives, including Strategy chairman Michael Saylor, on Tuesday to discuss how Congress can move forward with President Donald Trump’s Strategic Bitcoin Reserve. Those in attendance will also include Fundstrat CEO Tom Lee, who is also the chairman of BitMine, as well as MARA CEO Fred Thiel, according to crypto advocacy group The Digital Chambers, which shared the full list with Cointelegraph on Monday. The industry executives are looking to build momentum behind the BITCOIN Act, a measure introduced by US Senator Cynthia Lummis in March that calls on the government to acquire one million Bitcoin (BTC) over five years. Read more
Almost three years after the SEC filed a complaint involving allegations with the Gemini Earn product, the crypto company and regulator said they had reached a potential deal. The US Securities and Exchange Commission (SEC) and Gemini Trust Company filed a status update in court, letting a federal court know they had reached a “resolution in principle” to resolve a securities case stemming from a 2023 complaint. In a Monday filing in the US District Court for the Southern District of New York (SDNY), the SEC and Gemini Trust said that, “subject to review and approval” by the commission, the two parties requested that all litigation in the civil case be indefinitely stayed. The filing stated that both parties would file another status report if the case weren’t resolved by Dec. 15. Read more