Ripple seeks US bank charter and Fed access amid push for stablecoin regulation
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Daily top performer — Grass Network (GRASS)
The S&P 500 fell 0.79% as Trump imposed new tariffs on 14 nations and threatened more on BRICS-aligned countries. Gold dipped to $3,330 on easing trade tensions and a stronger USD, but central bank demand may support prices. The Coindesk Indices, which tracks the broader crypto market, fell 1.69%, with Bitcoin and Ether down 0.47% and 0.57%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.
Today’s top performer is GRASS, up 3.0% after launching its Android app with triple rewards for users sharing unused internet.
Grass Network (GRASS), founded in 2023, is a decentralized Solana-based protocol that turns unused internet bandwidth into a resource for gathering and organizing public web data to support AI development. Grass has launched its Android app, allowing users to earn rewards by sharing unused internet. For a limited time, Android users get 3x Grass Points. The app ensures privacy with encrypted traffic and no access to personal data. It runs in the background and auto-pauses under low battery or poor connectivity.
Check out the latest prices, charts, and data of GRASSUSDT perp and GRASS/USDT spot contracts!
Talk of the town
Ripple has applied for a US national bank charter and a Federal Reserve Master Account, positioning itself more firmly within traditional finance as stablecoin regulation heats up. If approved, Ripple would gain the ability to directly custody RLUSD reserves with the Fed, enhancing trust and efficiency. This move, following Circle’s similar application, signals a broader trend of crypto firms seeking regulatory clarity and integration. It could set a major precedent as Congress advances the GENIUS and STABLE Acts, potentially reshaping how stablecoin issuers operate within the US banking system.
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Bitcoin spot ETF flows
Category | Flow (millions) |
GBTC | (10.2) |
Non-GBTC | 62.1 |
Total | 51.9 |
Yesterday, Bitcoin spot ETFs saw a net inflow of $51.9 million, with $62.1 million into non-GBTC funds offset by a $10.2 million outflow from GBTC.
Check out the latest prices, charts, and data of BTCUSDT perp and BTC/USDT spot contracts!
Airdrop to watch
Chainbase has launched the Chainbase Foundation to support a decentralized, AI-driven data economy, signaling that the $C token TGE and airdrop may be approaching. The foundation will oversee ecosystem growth, token distribution, and governance.