According to the DOJ, Banks didn’t just swipe a Treasury check-he treated it like a Monopoly game where the only rule is “no rules.” He opened a bank account in the name of a New York business (which, for the record, may or may not have existed beyond his imagination) and deposited the check like it was a coupon for free Netflix.
Evernorth, that institutional sentinel of the XRP treasury, proclaims with a mixture of pride and bewilderment that daily payments have surged from a mere one million in mid-2025 to the brink of three million in 2026. Normal transfers, liquidity operations, tokenized assets-all dance in harmony on the blockchain, a symphony of utility. Yet, the market, that fickle mistress, cares not for such prosaic virtues. XRP’s price, like a tragic hero, staggers under the weight of $26.39 billion in losses, a sum that constitutes 4.78% of the crypto market’s collective agony.
Tuesday, with its $250.92 million, shone as the belle of the ball, while Friday closed the festivities with a respectable $180.33 million. The total net assets now stand at a formidable $91.83 billion, with cumulative inflows reaching $56.14 billion. One cannot help but wonder if the gentlemen of Wall Street have finally discovered their dancing shoes.
Former British Prime Minister Boris Johnson has dismissed Bitcoin as a “giant Ponzi scheme” destined for collapse, because apparently, the internet is just a big scam and everyone should just trust the government to print money.
Despite the drop, the daily chart shows signs that the price could attempt a short-term recovery if key resistance levels are reclaimed. Because nothing says “hope” like a 50% chance of a 10-cent bounce.
The U.S. Department of Justice, ever vigilant, has laid bare the truth: Cohen, a mere 52 years of age, orchestrated a heist that would make even the most seasoned thief blush. From the coffers of NBA luminaries Jrue Holiday, Chandler Parsons, and Courtney Lee, he siphoned a cool $5 million. And for what? Home renovations, credit card bills, and gifts-the trifecta of triviality. A gym, no less, built on the backs of those who trusted him. Oh, the irony!
On a rather unremarkable Friday, XRP joined the market’s merry dance, leaping a modest 3.5% to a one-week high of $1.45. For the past month, it’s been waltzing between $1.20 and $1.50, a range as predictable as a Coward play’s witty repartee. But oh, the drama! Analyst Ali Martinez, with a flourish worthy of a West End premiere, has declared XRP could soar to $48 in the next bull run. Darling, one can only imagine the champagne corks popping at such a prospect!
The altcoins, too, waltz in disarray: ETH trips over its own shoelaces below 2,100 livres, ADA pirouettes down 4% in a spiral of despair, while CC struts about like a peacock, defying the storm. A true très chic exception, if you ask me.
A company still nursing the wounds of a $4.3 billion settlement, the last thing it needed was fresh attention from Capitol Hill, where senators are as eager as hounds on the scent of a scandal.
Amid this skirmish of numbers and charts, a new report from the cryptic minds at XWIN Research Japan whispers of a change in the wind. The Market Value to Realized Value (MVRV) ratio, that old financial compass, now points to a landscape eerily familiar to the dark days of late 2022, when FTX’s collapse left many investors stranded in a financial storm.