XRP, HYPE funds are the bright spots as investors flee bitcoin, ether ETFs

Your day-ahead look for July 1, 2026
This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Your day-ahead look for July 1, 2026
This is an AI-generated summary. ShortSingh links to the original source for the complete article.
A new amendment proposal for the XRP Ledger (XRPL) is targeting approximately $530 million in tokenized Wall Street assets. The proposal would allow institutions to encrypt token balances and transaction amounts on the blockchain. Despite the encryption, issuers, auditors, and regulators would retain selective access to the underlying data. The amendment is designed to meet institutional privacy requirements while maintaining regulatory compliance. The move signals a push to make XRPL more attractive to traditional financial institutions exploring tokenization.

A developer has warned Bitcoin holders about a significant financial risk tied to a potential minority chain fork expected this weekend. If such a chain emerges, transactions involving the sale of forked coins could be replayed on the main Bitcoin network. This replay vulnerability means sellers could inadvertently lose their actual Bitcoin holdings in the process. Until the two chains can be clearly separated and distinguished, experts advise holders to take no action. Doing nothing is currently considered the safest approach to protect real Bitcoin assets.

Trump Media, the parent company of Truth Social, has cancelled its planned cryptocurrency treasury deal with Crypto.com involving the CRO token. The company stated it is shifting its focus back to its core media operations rather than pursuing digital asset holdings. Trump Media also cited its upcoming merger with a fusion energy firm as a strategic priority. The decision comes as broader enthusiasm for corporate crypto treasury strategies appears to be fading across the industry.

Justin Mateen, a director at Trump-backed American Bitcoin, has purchased approximately $2 million worth of ABTC stock. The acquisition spanned two days and involved more than 306,000 shares. The purchases came shortly after the company released its quarterly earnings report. Following the transactions, Mateen's total holding in the company rose to over 492,000 shares.

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