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Galaxy Digital prices $3.5 billion notes at 9.875% for data centers
Edgen Crypto·Jul 24 2026, 05:35Share to
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[1] Galaxy Digital Inc. Announces Pricing of $3.507 Billion of Senior Secured Notes (https://www.prnewswire.com/news-releases/gala ...)[2] MOREH Showcases High-Performance LLM Inference on AMD GPUs at AMD Advancing AI 2026 (https://www.lelezard.com/en/news-22309001.htm ...)[3] The Finish Line that Changed China: Retracing the Long March to Yan'an (https://www.lelezard.com/en/news-22309007.htm ...)[4] Hamilton's 2026 JUNO Awards generate $23.1 million in economic activity across Ontario, including record $17.2 million local impact in Hamilton (https://www.lelezard.com/en/news-22308338.htm ...)
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Jul 24 2026, 07:26
Ripple launches Ripple Mint and Notabene deal to push RLUSD to 2,300 firms
Ripple launched Ripple Mint, a platform letting institutions mint, redeem, bridge and track its dollar-backed RLUSD stablecoin through a web dashboard or direct API integration, the company said July 23. The platform replaces a manual process where customers arranged issuance directly with Ripple and waited for settlement. "Bringing together RLUSD, Ripple Payments and Notabene's trusted institutional network to help scale compliant stablecoin payments," Jack McDonald, senior vice president of stablecoins at Ripple, said. RLUSD now trades on six networks beyond the XRP Ledger and Ethereum — the XRPL EVM Sidechain, Base, Optimism, Ink and Unichain — widening the number of chains where the token can circulate. The stablecoin carries a market value of about $1.5 billion, split between $877 million on the XRP Ledger and $643 million on Ethereum, according to RWA.xyz data. The moves target a gap between supply and usage. RLUSD's holder count rose 6% and active addresses climbed 70% over the past month, but its market cap slipped almost 5% and monthly transfer volume fell 25% to $10.95 billion from roughly $14.6 billion, according to CoinDesk data. More wallets are holding RLUSD while less money moves across it — a pattern that suggests the token is being treated as something to own rather than something to use. **Ripple Mint solves the access problem** Ripple Mint adds programmatic access alongside the web interface, so RLUSD operations can run inside an institution's own treasury software. Teams can mint, redeem and bridge through code, pull balances and transaction status the same way, and receive automatic alerts at every stage from fiat receipt through minting to final payout. Each step carries the same reference ID, simplifying reconciliation for exchanges and market makers. Circle has offered institutions similar access to USDC through Circle Mint for years. Standard Chartered on July 2 became the first major global bank to let clients mint and redeem USDC without holding a Circle account. USDC's supply stands at about $73 billion against RLUSD's roughly $1.5 billion, and it turned over its entire supply about 16 times in June, carrying roughly two-thirds of all stablecoin transaction volume that month, according to The Block data. Ripple Mint is available to existing RLUSD customers only, meaning it streamlines operations for current users rather than pulling in new ones. **Notabene deal solves the trust problem** Ripple also made a strategic investment in Notabene, a compliance network that connects more than 2,300 institutions across over 100 jurisdictions and carries more than $2 trillion in annualized transaction volume. RLUSD is being integrated into Notabene Flow, the company's business payments platform handling pull payments, recurring payments and invoicing. Notabene's network screens counterparties and authorizes transfers before they settle, addressing a persistent regulatory concern: an institution sending a stablecoin payment has no built-in way to know who controls the receiving wallet, even though regulators require it to identify the recipient first. When Notabene raised its Series B in November 2024, about 165 companies used the platform and it had handled close to $500 billion in transaction volume over the prior year. It now serves more than 280 customers, including tier-1 banks and custodians. Ripple did not disclose the size of its investment. The two companies will also explore whether Notabene's authorization layer can work with Ripple Payments, which recently secured Markets in Crypto-Assets registration in Europe. **What this means for XRP** The XRP Ledger holds more RLUSD than any other network after passing Ethereum in late June, so more of this activity runs on XRP's own ledger than anywhere else. Every transaction on the XRP Ledger destroys a small amount of XRP as a network fee, though that burn has removed about 14 million XRP since 2012 — 0.014% of the original supply in 14 years, far too small to move the price. XRP traded near $1.11 on Monday, up more than 1% over the past week, and ranks sixth by market capitalization among all cryptocurrencies, according to CoinGecko data. Ripple Mint makes RLUSD easier to create, but creating more of it does nothing for XRP if that supply never moves. The Notabene deal is the one that could change that, putting RLUSD in front of thousands of institutions that can send and receive it. If those institutions start moving RLUSD, most of that traffic would run on the XRP Ledger, and each transfer would burn a fraction of a cent in XRP — a mechanism that has barely registered in 14 years. This article is for informational purposes only and does not constitute investment advice.
Jul 24 2026, 07:24
XRP slides as oil tops $100 and 10-year yield hits 4.57%
XRP fell as Brent crude topped $100 a barrel and the US 10-year Treasury yield climbed to 4.567%, tightening financial conditions and triggering a broad sell-off in risk assets. "Rising oil prices and higher bond yields are compressing liquidity for risk assets, and crypto is the most exposed part of the risk spectrum," said Jonathan Raymond, investment manager at Quilter Cheviot. "More expensive fuel and energy can ripple through the wider economy, increasing costs for businesses and ultimately feeding through into the price of food and other goods." Brent crude surged more than 6% to cross $100 a barrel on Thursday, its first breach of that level since May, as Houthi militia attacks on oil tankers in the Red Sea threatened a key export route used by Saudi Arabia. The US 10-year yield hit 4.567%, its highest level since January 2025, according to Tradeweb data. US gasoline prices have surpassed $4 a gallon, up from $3.92 a month ago, according to AAA. The CME FedWatch tool now prices an 83% chance of a rate hike at the Federal Reserve's September meeting, up from 53% one week ago, as the oil-driven inflation shock shifts monetary policy expectations. XRP and other risk-on crypto assets may face continued selling pressure if oil prices stay elevated and bond yields remain high, as tighter financial conditions reduce appetite for speculative positions. Bitcoin, which often trades in correlation with altcoins during macro-driven selloffs, also declined, dragging the broader crypto market lower. The next key support for XRP sits near $0.38, a level tested during the May selloff, with a break below that opening the door to $0.35. The macro-driven rout comes as the broader crypto market faces headwinds from rising real yields and a stronger US dollar, which historically have weighed on digital asset prices. With the Fed now expected to tighten rather than ease, the second half of 2026 is shaping up as a challenging environment for altcoins that lack the institutional flow support that Bitcoin receives through spot ETFs. Total crypto market capitalization has fallen as investors rotate out of speculative assets into commodities and short-dated Treasuries offering attractive real yields. This article is for informational purposes only and does not constitute investment advice.
Jul 24 2026, 07:22
Businesses add 115,000 Bitcoin in Q2 as individuals sell 78,000
**Institutional entities accumulated 115,000 Bitcoin in Q2 while individual holders distributed 78,000, River data shows.** Businesses added 115,000 Bitcoin in the second quarter while individual investors sold 78,000, marking a net institutional inflow of 37,000 BTC, according to data from River. "Corporate and ETF-related entities now hold more than 6 percent of Bitcoin's total supply, a share that has grown steadily through the quarter's price decline," the River report said. The accumulation occurred as Bitcoin fell 14.1 percent from about $83,000 to roughly $58,000 during the quarter, with total crypto market capitalization declining 12.6 percent. Public companies alone acquired approximately 110,000 BTC, according to River. The buying was concentrated among corporate treasuries, ETF products and other institutional vehicles, while retail wallets showed net distribution of 78,000 BTC. The shift from retail to institutional hands reduces liquid supply available on exchanges, a dynamic that historically precedes upward price moves. Prediction markets now price a 50.5 percent probability of Bitcoin reaching $67,500 by early August, up from 24 percent a week earlier. ## Tesla Holds Through the Drawdown Tesla held its 11,509 BTC position unchanged through the second quarter, recording a $112 million after-tax fair-value adjustment on its quarterly earnings report. The automaker has not transacted in Bitcoin since 2022, when it sold about 75 percent of its holdings for roughly $936 million. Revenue of $28.2 billion beat the $26.4 billion consensus, while adjusted earnings per share of $0.33 missed the $0.55 estimate. The company delivered 480,126 vehicles during the quarter, up about 25 percent year over year. ## What to Watch The institutional accumulation trend will face its next test when Q3 data becomes available. Key actors including MicroStrategy and spot Bitcoin ETF issuers may influence market direction with further purchases. Traders are watching the $58,000 level as support and $67,500 as near-term resistance, with the July 31 Federal Open Market Committee meeting serving as the next macro catalyst for risk assets. This article is for informational purposes only and does not constitute investment advice.