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XRP Jumps 5% as SBI Lending Program and ETF Countdown Fuel Rally

XRP experienced a significant increase of 5.2%, rising from $2.84 to $2.97, following the launch of SBI's institutional lending program aimed at enhancing XRP's adoption in Japan. The trading volume surpassed 160 million tokens, indicating strong market interest. Traders are keenly monitoring XRP's momentum, especially as it approaches a critical resistance level of $3.00, with an important SEC decision regarding seven ETF applications due on October 18. The price maintained support around $2.93 during multiple retests and established resistance between $2.96 and $2.98. Analysts noted that if XRP can consistently close above this resistance range, it could signal a bullish breakout toward the psychological $3.00 level. The positive price action is underscored by significant institutional demand, highlighted by a 4.8 million token spike during trading. As the market anticipates the impact of the lending program on liquidity and trading dynamics heading into the U.S. trading hours, the broader cryptocurrency market showed similar upward trends with several tokens rallying by 4-5%.

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Crypto treasuries may soon start gobbling each other up

Digital asset treasury companies are predicted to consolidate under larger players as the market matures, according to Coinbase’s head of investment research, David Duong. With strategies to attract investors, firms may increasingly pursue mergers and acquisitions, similar to the recent Strive and Semler Scientific deal. Duong noted that companies

Crypto treasury ‘bubble’ fears overblown: TON Strategy CEO

According to TON Strategy CEO Veronika Kapustina, while there are early signs of a bubble in corporate digital asset treasuries (DATs), the long-term outlook remains positive as the market matures. Speaking at the Token2049 conference in Singapore, she acknowledged that indicators suggest a bubble but noted that this sector is

XRP, DOGE Zoom Higher as U.S. Shutdowns, Japan Bond Slowdown Charge Bitcoin Appetite

As the U.S. government faces a shutdown and Japan’s bond market experiences stress, digital assets have shown resilience, with traders anticipating looser global liquidity conditions. Bitcoin traded close to $118,700, gaining over 3% recently, while ether rose by 5.6%. Notably, dogecoin surged nearly 9%, extending its

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