Ripple News and XRP Price Update Today: July 1

A closer look at the latest and most important developments surrounding Ripple and XRP. Ripple remains one of the most discussed subjects in the crypto space as the company continues to advance its ecosystem and participate in major initiatives. However, XRP has faced heavy pressure in the extended bear market, struggling to maintain momentum and…

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Circle CEO Challenges Ousd Consortium Model

Circle CEO Jeremy Allaire argued that USDC’s decade-long network of integrations, liquidity and regulatory infrastructure gives it a structural advantage over new stablecoin entrants, while challenging key elements of Open USD’s proposed business model. In a Wednesday X post, Allaire described stablecoin networks as platform businesses driven by network effects, saying sustained investment in integrations,…

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Bitcoin ETFs Post Record $4.5B Outflows in June

US-listed spot Bitcoin exchange-traded funds (ETFs) posted a record $4.5 billion in net outflows in June, more than three times the $1.25 billion Strategy is authorized to raise through its new Bitcoin monetization program. The record monthly withdrawals pushed US spot Bitcoin ETFs to roughly $5.5 billion in year-to-date net outflows for 2026, reducing cumulative…

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Utorg Obtains MiCA License as July 1 Deadline Forces Much of the Industry Out of Europe

[PRESS RELEASE – Dubai, UAE, July 1st, 2026] Tuesa crypto wallet and card platform built on institutional-grade infrastructure, today announced it has received full authorization under the EU’s Markets in Crypto-Assets (MiCA) regulation, effective July 1, 2026 – the date on which the industry’s transitional period ends and unauthorized providers can no longer legally serve…

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Taiwan Lawmakers Pass First Crypto, Stablecoin Laws

Taiwanese lawmakers on Tuesday passed a law to establish a regulatory framework for crypto, which includes licensing and rules for stablecoins. The country’s financial watchdog, the Financial Supervisory Commission (FSC), said that the Legislative Yuan passed the law requiring all virtual asset service providers, or VASPs, to get approval from the regulator to operate. The…

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