Breaking: Ripple Applies for U.S. Bank Charter, Binance Delists Tokens & Bitcoin Hits $109K
📅 July 4, 2025 | CRYPTO MIND – AI
🏦 1. Ripple Files for National Bank Charter in U.S.
July 3, 2025 – Ripple CEO Brad Garlinghouse confirmed via X that Ripple Labs is officially applying to the OCC for a U.S. national banking charter. If approved, this would place Ripple under both state (NYDFS) and federal supervision—marking a major shift in stablecoin credibility and regulatory trust :contentReference[oaicite:1]{index=1}.
⚠️ 2. Binance to Delist Five Tokens
Binance announced it will delist Stella (ALPHA), Biswap (BSW), Komodo (KMD), LeverFi (LEVER), and LTO Network (LTO) on July 4, 2025. This aims at “maintaining quality standards and user protection” following routine asset reviews :contentReference[oaicite:2]{index=2}.
🚀 3. Bitcoin Surges Past $108,000
Bitcoin rose about 2.5% in 24 hours, briefly trading above $109,600 and now consolidating just above $108,800. The entire crypto market cap jumped by ~$104B, driven by both BTC’s rally and gains in Ethereum, XRP, and DOGE :contentReference[oaicite:3]{index=3}.
🌐 Market Sentiment
- **XRP & Stablecoins**: Ripple’s charter application signals stronger institutional adoption.
- **Token Quality Control**: Binance’s delistings reflect tightening compliance measures.
- **Bullish Trend**: BTC’s breakout hints at renewed investor optimism amid macro stability.
⚡ TL;DR
• Ripple is pushing for legitimacy via a U.S. national bank charter.
• Binance cleans house ahead of stricter regulations.
• Bitcoin and crypto overall show strong bullish momentum.
Stay tuned with CRYPTO MIND – AI for real-time crypto updates, expert insights, and on-chain signals.
📢 Disclaimer
For informational purposes only—this is not financial advice. Always do your own research.
