Trump's plan to create a “Crypto Strategic Reserve” includes Bitcoin, ether, SOL, XRP, and ADA.
On the H1 chart, XRPUSD forms double top at $3, bounces at 2.57000 after bearish move.
The market appears unimpressed. Thomas Trutschel/Photothek via Getty Images
Coinbase CEO Brian Armstrong commented on US President
Donald Trump's recent plan to establish a crypto reserve. The plan, announced
on Sunday (yesterday), proposes including bitcoin, ether, SOL, XRP, and ADA in
a “Crypto Strategic Reserve.”
Trump's social media announcements about crypto reserves
triggered a rally in the crypto market on Sunday. However, XRPUSD is undergoing
a bearish correction on the H1 chart today. The cryptocurrency appears to be
forming a double bottom at a flipped support level, where buyers could enter
long positions and potentially drive the price higher.
Coinbase CEO Favors Bitcoin in Reserve
Armstrong suggested that limiting the reserve to bitcoin
would be the simplest approach, The Block reported.
He added: “If folks wanted more variety, you could do a market
cap-weighted index of crypto assets to keep it unbiased. But probably option #1
is easiest.”
Crypto Reserve Faces Uncertainty in Implementation
BitMEX co-founder Arthur Hayes expressed skepticism about
the proposal. He argued that the announcement is “just words” without
congressional approval or funding to purchase digital assets.
Trump's announcement signals ongoing discussions around
digital assets in the US. However, the plan's implementation remains uncertain.
XRPUSD, H1 Chart, Source: TradingView
XRPUSD Faces Key Support at 2.57000
The XRPUSD H1 chart shows a strong bullish move followed by
rejection around $3, forming a double top. The price then moved lower, bouncing
at 2.57000. Currently, the price seems to have found support at this level and
may form a double bottom. If this pattern develops, buyers could re-enter,
potentially driving the price higher.
However, if the price breaks below 2.57000, sellers may
continue pushing the price down. In that case, a bullish trend line will be an
important level to watch closely.
Ripple Forms Strategic Alliances, Supports Philanthropy,
and Faces Legal Challenges
Ripple has been involved in several significant
developments. South Korea's institutional crypto storage firm BDACS
will use Ripple Custody to secure XRP and RLUSD, a dollar-pegged stablecoin
issued by Ripple. This partnership targets institutional clients seeking secure
storage for digital assets.
South Korea’s BDACS to Use Ripple Custody for Institutional XRP, RLUSD Holdings https://t.co/FEV487V861
Investor activity in XRP remains strong, with whales
acquiring 520
million tokens during a recent price dip, indicating continued interest.
The SEC's reassignment of Jorge Tenreiro, who oversaw Ripple’s case, has raised
questions about the agency's future stance on crypto litigation.
Ripple has made progress in Japan, with expectations that banks
will adopt the XRP Ledger by 2025, aiming to improve cross-border payments
and currency conversions for remittances.
.@Ripple x @Chainlink: $RLUSD has adopted the Chainlink standard for verifiable data to fuel DeFi adoption with real-time, secure pricing data.
The debate over XRP's inclusion in a US crypto reserve
continues, with centralization concerns complicating the discussion. Ripple’s
Chief Technology Officer, David
Schwartz, defended the decentralization of the XRP Ledger, highlighting its
resilience against manipulation.
Coinbase CEO Brian Armstrong commented on US President
Donald Trump's recent plan to establish a crypto reserve. The plan, announced
on Sunday (yesterday), proposes including bitcoin, ether, SOL, XRP, and ADA in
a “Crypto Strategic Reserve.”
Trump's social media announcements about crypto reserves
triggered a rally in the crypto market on Sunday. However, XRPUSD is undergoing
a bearish correction on the H1 chart today. The cryptocurrency appears to be
forming a double bottom at a flipped support level, where buyers could enter
long positions and potentially drive the price higher.
Coinbase CEO Favors Bitcoin in Reserve
Armstrong suggested that limiting the reserve to bitcoin
would be the simplest approach, The Block reported.
He added: “If folks wanted more variety, you could do a market
cap-weighted index of crypto assets to keep it unbiased. But probably option #1
is easiest.”
Crypto Reserve Faces Uncertainty in Implementation
BitMEX co-founder Arthur Hayes expressed skepticism about
the proposal. He argued that the announcement is “just words” without
congressional approval or funding to purchase digital assets.
Trump's announcement signals ongoing discussions around
digital assets in the US. However, the plan's implementation remains uncertain.
XRPUSD, H1 Chart, Source: TradingView
XRPUSD Faces Key Support at 2.57000
The XRPUSD H1 chart shows a strong bullish move followed by
rejection around $3, forming a double top. The price then moved lower, bouncing
at 2.57000. Currently, the price seems to have found support at this level and
may form a double bottom. If this pattern develops, buyers could re-enter,
potentially driving the price higher.
However, if the price breaks below 2.57000, sellers may
continue pushing the price down. In that case, a bullish trend line will be an
important level to watch closely.
Ripple Forms Strategic Alliances, Supports Philanthropy,
and Faces Legal Challenges
Ripple has been involved in several significant
developments. South Korea's institutional crypto storage firm BDACS
will use Ripple Custody to secure XRP and RLUSD, a dollar-pegged stablecoin
issued by Ripple. This partnership targets institutional clients seeking secure
storage for digital assets.
South Korea’s BDACS to Use Ripple Custody for Institutional XRP, RLUSD Holdings https://t.co/FEV487V861
Investor activity in XRP remains strong, with whales
acquiring 520
million tokens during a recent price dip, indicating continued interest.
The SEC's reassignment of Jorge Tenreiro, who oversaw Ripple’s case, has raised
questions about the agency's future stance on crypto litigation.
Ripple has made progress in Japan, with expectations that banks
will adopt the XRP Ledger by 2025, aiming to improve cross-border payments
and currency conversions for remittances.
.@Ripple x @Chainlink: $RLUSD has adopted the Chainlink standard for verifiable data to fuel DeFi adoption with real-time, secure pricing data.
The debate over XRP's inclusion in a US crypto reserve
continues, with centralization concerns complicating the discussion. Ripple’s
Chief Technology Officer, David
Schwartz, defended the decentralization of the XRP Ledger, highlighting its
resilience against manipulation.
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023.
At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London.
Education:
Honours degree Information Technology, Anfell College, London
George Santos Probe Adds to Growing Insider-Trading Pressure on Prediction Markets
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Brokers and providers moved from the noise phase to treating AI tools as a core product question, with implications on anything from hiring priorities to acquisition strategy.
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Attendees will walk away with:
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Insight into how institutional adoption is raising client expectations and what brokers need to do to keep pace
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Niall Healy, COO, TradeNation
Norayr Djerrahian, CCO, Hantec
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• Industry confidence in scaling crypto offerings
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Watch now to hear expert perspectives on whether crypto is hype, opportunity, or an inevitable evolution of retail trading.
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Niall Healy, COO, TradeNation
Norayr Djerrahian, CCO, Hantec
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• Regulatory challenges and adoption hurdles
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• The future role of crypto in retail FX
• Industry confidence in scaling crypto offerings
• Crypto products with the strongest growth potential
Watch now to hear expert perspectives on whether crypto is hype, opportunity, or an inevitable evolution of retail trading.
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Norayr Djerrahian, CCO, Hantec
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Watch now to hear expert perspectives on whether crypto is hype, opportunity, or an inevitable evolution of retail trading.
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Norayr Djerrahian, CCO, Hantec
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Watch now to hear expert perspectives on whether crypto is hype, opportunity, or an inevitable evolution of retail trading.
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Tom Higgins, CEO, Gold-i
Niall Healy, COO, TradeNation
Norayr Djerrahian, CCO, Hantec
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Watch now to hear expert perspectives on whether crypto is hype, opportunity, or an inevitable evolution of retail trading.
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Tom Higgins, CEO, Gold-i
Niall Healy, COO, TradeNation
Norayr Djerrahian, CCO, Hantec
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• Regulatory challenges and adoption hurdles
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Today’s Tuesday, the 9th of June 2026, and these are our main stories: eToro’s customer assets climbed back above $20 billion, Prop trading model in prediction markets, and Leverate launched a new AI assistant for brokers and traders.
Today’s Tuesday, the 9th of June 2026, and these are our main stories: eToro’s customer assets climbed back above $20 billion, Prop trading model in prediction markets, and Leverate launched a new AI assistant for brokers and traders.
Today’s Tuesday, the 9th of June 2026, and these are our main stories: eToro’s customer assets climbed back above $20 billion, Prop trading model in prediction markets, and Leverate launched a new AI assistant for brokers and traders.
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The trades that taught me the most aren't the ones that worked. They're the ones that didn't — or the ones I almost caught and didn't have the nerve to ride. In this session, I'll tell you about the Brexit miss, the SNB shocker that nearly handed me a 5400% return, the BoJ surprise that punched me in the gut, and a few wins along the way. Each story carries a lesson, but the lessons aren't the point. Everyone who trades long enough collects a portfolio of moments like these; what separates the people who stay in the game is what they do with them.
The trades that taught me the most aren't the ones that worked. They're the ones that didn't — or the ones I almost caught and didn't have the nerve to ride. In this session, I'll tell you about the Brexit miss, the SNB shocker that nearly handed me a 5400% return, the BoJ surprise that punched me in the gut, and a few wins along the way. Each story carries a lesson, but the lessons aren't the point. Everyone who trades long enough collects a portfolio of moments like these; what separates the people who stay in the game is what they do with them.
The trades that taught me the most aren't the ones that worked. They're the ones that didn't — or the ones I almost caught and didn't have the nerve to ride. In this session, I'll tell you about the Brexit miss, the SNB shocker that nearly handed me a 5400% return, the BoJ surprise that punched me in the gut, and a few wins along the way. Each story carries a lesson, but the lessons aren't the point. Everyone who trades long enough collects a portfolio of moments like these; what separates the people who stay in the game is what they do with them.
The trades that taught me the most aren't the ones that worked. They're the ones that didn't — or the ones I almost caught and didn't have the nerve to ride. In this session, I'll tell you about the Brexit miss, the SNB shocker that nearly handed me a 5400% return, the BoJ surprise that punched me in the gut, and a few wins along the way. Each story carries a lesson, but the lessons aren't the point. Everyone who trades long enough collects a portfolio of moments like these; what separates the people who stay in the game is what they do with them.
The trades that taught me the most aren't the ones that worked. They're the ones that didn't — or the ones I almost caught and didn't have the nerve to ride. In this session, I'll tell you about the Brexit miss, the SNB shocker that nearly handed me a 5400% return, the BoJ surprise that punched me in the gut, and a few wins along the way. Each story carries a lesson, but the lessons aren't the point. Everyone who trades long enough collects a portfolio of moments like these; what separates the people who stay in the game is what they do with them.
The Engine and the Fuel: How AI & Data Drives African Future
The Engine and the Fuel: How AI & Data Drives African Future
The Engine and the Fuel: How AI & Data Drives African Future
The Engine and the Fuel: How AI & Data Drives African Future
The Engine and the Fuel: How AI & Data Drives African Future
The Engine and the Fuel: How AI & Data Drives African Future
If AI is the engine, data is the fuel. Without quality, accessible data, AI cannot work well; and without the right mindset, data remains just numbers instead of insight. In this session, leading experts will explore how AI and data are democratizing opportunities for businesses and personal growth. Discover practical ways to make AI accessible today, anticipate its transformative impact on African markets, and learn actionable steps to prepare for what's next. Let's talk about:
-How AI and data drive business efficiency and innovation in trading and fintech
-AI tools to elevate trading or business strategies
-How to access and maximise the power of data and AI
-Emerging AI and data trends in Africa and their economic ripple effects
If AI is the engine, data is the fuel. Without quality, accessible data, AI cannot work well; and without the right mindset, data remains just numbers instead of insight. In this session, leading experts will explore how AI and data are democratizing opportunities for businesses and personal growth. Discover practical ways to make AI accessible today, anticipate its transformative impact on African markets, and learn actionable steps to prepare for what's next. Let's talk about:
-How AI and data drive business efficiency and innovation in trading and fintech
-AI tools to elevate trading or business strategies
-How to access and maximise the power of data and AI
-Emerging AI and data trends in Africa and their economic ripple effects
If AI is the engine, data is the fuel. Without quality, accessible data, AI cannot work well; and without the right mindset, data remains just numbers instead of insight. In this session, leading experts will explore how AI and data are democratizing opportunities for businesses and personal growth. Discover practical ways to make AI accessible today, anticipate its transformative impact on African markets, and learn actionable steps to prepare for what's next. Let's talk about:
-How AI and data drive business efficiency and innovation in trading and fintech
-AI tools to elevate trading or business strategies
-How to access and maximise the power of data and AI
-Emerging AI and data trends in Africa and their economic ripple effects
If AI is the engine, data is the fuel. Without quality, accessible data, AI cannot work well; and without the right mindset, data remains just numbers instead of insight. In this session, leading experts will explore how AI and data are democratizing opportunities for businesses and personal growth. Discover practical ways to make AI accessible today, anticipate its transformative impact on African markets, and learn actionable steps to prepare for what's next. Let's talk about:
-How AI and data drive business efficiency and innovation in trading and fintech
-AI tools to elevate trading or business strategies
-How to access and maximise the power of data and AI
-Emerging AI and data trends in Africa and their economic ripple effects
If AI is the engine, data is the fuel. Without quality, accessible data, AI cannot work well; and without the right mindset, data remains just numbers instead of insight. In this session, leading experts will explore how AI and data are democratizing opportunities for businesses and personal growth. Discover practical ways to make AI accessible today, anticipate its transformative impact on African markets, and learn actionable steps to prepare for what's next. Let's talk about:
-How AI and data drive business efficiency and innovation in trading and fintech
-AI tools to elevate trading or business strategies
-How to access and maximise the power of data and AI
-Emerging AI and data trends in Africa and their economic ripple effects
If AI is the engine, data is the fuel. Without quality, accessible data, AI cannot work well; and without the right mindset, data remains just numbers instead of insight. In this session, leading experts will explore how AI and data are democratizing opportunities for businesses and personal growth. Discover practical ways to make AI accessible today, anticipate its transformative impact on African markets, and learn actionable steps to prepare for what's next. Let's talk about:
-How AI and data drive business efficiency and innovation in trading and fintech
-AI tools to elevate trading or business strategies
-How to access and maximise the power of data and AI
-Emerging AI and data trends in Africa and their economic ripple effects
