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2 May 2026, 16:02
Crypto Bitlord to Ex-Ripple CTO: Some of Us Believe XRP Can Hit $10,000
David Schwartz, the former Chief Technology Officer of Ripple, posed a direct challenge to the XRP bull case on May 1. He argued that if a small group of wealthy, rational investors genuinely believed XRP had even a 1% chance of reaching $10,000 in ten years, they would bid the price to at least $20 today. He asked a crucial question: “Why aren’t they? Conspiracy?” The post drew a reply from Crypto Bitlord (@crypto_bitlord7), a prominent voice in the crypto community with over a decade in the space. It’s funny David because there are some of us that believe ripple:native can hit $10,000 And we did buy and hold it. Bidding and adding to positions. The only reason it went down is because Ripple labs sold billions of it. Or it probably would be sitting above a $20 floor… https://t.co/vV2XKBL4oz — Crypto Bitlord (@crypto_bitlord7) May 1, 2026 Bitlord’s Counter His answer was direct. “It’s funny, David, because there are some of us who believe XRP can hit $10,000. And we did buy and hold it. Bidding and adding to positions.” Ripple:native refers to XRP as the native asset of the XRP Ledger (XRPL). It distinguishes the original XRP from any wrapped or bridged versions of the token on other blockchains, and he suggests that the asset that he has believed in for more than a decade will hit the $10,000 target . Bitlord did not stop at asserting belief. He pointed to a specific cause for XRP’s price suppression. “The only reason it went down is that Ripple Labs sold billions of it,” he wrote. Bitlord has repeatedly accused Ripple of dumping XRP and recently called on the company to buy back $100 million worth of XRP to appease the community. He argued in his reply that without that selling pressure, XRP would probably be sitting above a $20 floor today. Historical Price Moves In a follow-up post , Bitlord referenced XRP’s previous price behavior. He stated he remains “convinced it can teleport as it did years ago ,” arguing that a move of similar percentage growth today would value XRP higher than the entire current crypto market capitalization. The Market Cap Debate One community member challenged Bitlord’s position with hard numbers. A $10,000 XRP price would require a $560 trillion market cap. For reference, Bitcoin sits at $2 trillion, and gold at $30 trillion. His point was that the target makes it structurally unrealistic. Bitlord addressed the money supply argument, stating, “Every day the global money supply inflates.” His response did not dispute the figures. He acknowledged that more money is printed daily and more gold is mined. He concludes that the market grows daily, “so anything is possible.” Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Crypto Bitlord to Ex-Ripple CTO: Some of Us Believe XRP Can Hit $10,000 appeared first on Times Tabloid .
2 May 2026, 15:35
EURAU Stablecoin Migrates to Solana: Fast Euro
The AllUnity-backed EURAU stablecoin has been migrated to Solana. Fast euro transfers and MiCA-compliant onchain finance are targeted. The ecosystem is strengthening with META's Solana payments and...
2 May 2026, 14:52
Anchorage Digital Pushes GENIUS Act Plan as Western Union Stablecoin Nears Launch
Anchorage Digital Bank has submitted a comment letter to the Office of the Comptroller of the Currency as U.S. regulators move forward with rules for stablecoin issuance under the GENIUS Act. The letter comes as Anchorage prepares to support Western Union’s planned U.S. Dollar Payment Token, or USDPT, under a federally regulated issuance model. The OCC proposed rules for payment stablecoin issuers earlier this year, covering institutions under its supervision. The agency said the proposal addresses regulations required under the GENIUS Act, except separate rules tied to Bank Secrecy Act and sanctions compliance. Anchorage is positioning itself as a regulated stablecoin issuer for major financial and crypto brands. The company’s GENIUS Act letter points to its bank charter and its role in issuing stablecoins for partners as the market waits for final U.S. implementation rules. Western Union Plans USDPT on Solana Western Union announced in October 2025 that it planned to launch USDPT on Solana, with Anchorage Digital Bank serving as issuer. The company said USDPT would support customers, agents, partners, and treasury operations, while its Digital Asset Network would connect digital assets with fiat access. The ticker matters. Some recent references showed UDSPT, but Western Union’s official announcement names the token USDPT, short for U.S. Dollar Payment Token. That is the safer version to use unless Anchorage’s latest letter clearly states otherwise. Western Union expected USDPT to become available in the first half of 2026. More recent reporting said CEO Devin McGranahan told investors the company planned a May launch, with the first phase focused on settlement between Western Union and agents in selected corridors, rather than a broad retail rollout. GENIUS Act Rules Shape Stablecoin Issuers The GENIUS Act gives federal regulators a framework for payment stablecoins in the U.S. For Anchorage, the rulemaking process could define how federally supervised stablecoin issuers manage reserves, redemption, custody, risk controls, and reporting. The OCC’s proposal also matters because stablecoin issuance now sits closer to the banking system. The agency supervises national banks and federal savings associations, and its rules will shape how bank-regulated issuers operate in the stablecoin market. Anchorage’s letter shows how regulated crypto firms are trying to secure their place before the final rules take effect. Meanwhile, Western Union’s USDPT plan shows how traditional payments companies are testing stablecoins for cross-border settlement and digital asset access.
2 May 2026, 14:50
Trump family gains under fresh scrutiny as POTUS wealth grows almost 300%
Donald Trump is once again sitting at the center of a market story tied to family money, crypto profits, federal deals, and assets that can rip higher when government power touches them. This is not new territory. The latest case involves Donald Trump Jr., Eric Trump, a shell company, a planned Nasdaq listing, and a $1.6 billion tungsten project in Kazakhstan that was awarded under the Trump administration. It lands while Trump’s reported net worth has climbed to $6.5 billion, more than 280% higher since he took office, with crypto gains now making up almost 33% of that fortune. The new report says a company backed by Trump’s sons put money into Skyline Builders, a U.S. construction group that later joined forces with Cove Kaz Capital Group. Cove Kaz is tied to Cove Capital, the New York mining investment firm behind the Kazakhstan tungsten project. Skyline and Cove Kaz are now creating Kaz Resources, which is expected to trade on Nasdaq under KAZR. That alone gives this story the kind of market angle crypto people know too well: private positioning first, public listing later, and political heat all over the trade. Trump sons backed Skyline before it joined Cove’s $1.6 billion Kazakhstan mining deal Donald Jr. and Eric reportedly used a shell company to buy into Skyline Builders before Skyline combined with Cove Kaz. Filings dated October 31 show Skyline agreed to spend $20 million for a 20% stake in Kaz Resources, a Cove Capital subsidiary. Cove Capital also controls Cove Kaz, the group connected to the tungsten work. The new Kaz Resources business will run two deposits in Central Kazakhstan: Northern Katpar and Upper Kairakty. Both sit less than 20 miles apart in the Karaganda mining district, a region now pulled into the same conversation as U.S. critical minerals policy, family investment links, and possible public-market upside. The tungsten project was first presented at the November C5+1 Leaders’ Summit in Washington, D.C. Trump and Kazakhstan President Kassym-Jomart Tokayev announced the joint venture there. Since 2023, the Commerce Department and State Department have supported the company’s critical minerals work in Kazakhstan through commercial diplomacy. A spokesperson for Donald Jr. allegedly said, “Don is a passive investor in American Ventures and has no operational involvement in the company.” The spokesperson also said, “He does not interface with the federal government on behalf of any company he invests in or advises.” Trump family crypto profits sit beside federal mineral contracts and Middle East arms approvals The bigger picture is why this story is getting attention. The Trump family reportedly made more than $1 billion in pre-tax profit last year from several crypto projects. At the same time, family-linked money has gone into AI, drones, and critical minerals companies that later received major U.S. government contracts. Democrats have repeatedly raised conflict-of-interest concerns around those investments. Tungsten prices have climbed since early 2025, based on chart data shown in dollars per metric tonne. The metal is not some random rock from a dusty investor deck. It is used in drilling tools, armor-piercing bullets, and kinetic energy missiles. The administration also reached a $600 million deal last year with rare earths manufacturer Vulcan Elements only months after Donald Jr.’s venture capital firm, 1789 Capital, invested in that company. Another related name is Althaus, who founded USA Rare Earths, a loss-making mining company that secured more than $1.5 billion in conditional U.S. government support last year. Althaus left that company in 2023, but he still owns shares. The stated goal from the Trump administration is to build fresh U.S.-aligned supply chains for critical minerals, including rare earths, so America depends less on China. That policy goal now sits beside a family investment trail that keeps landing near companies with government-linked upside. The same administration has also skipped congressional review to approve more than $8.6 billion in military sales to Israel, Qatar, Kuwait, and the United Arab Emirates. The State Department announced the approvals on Friday, as the U.S. and Israel’s war against Iran reached its ninth week and a fragile ceasefire passed three weeks. Your bank is using your money. You’re getting the scraps. Watch our free video on becoming your own bank
2 May 2026, 14:02
Visa, Blue Owl in gainers; Mastercard, insurance stocks among losers: week's financials wrap
More on Financials The Next Rotation (The Value Call Is Wrong) Big Bank Earnings: Resilience And Concern Big Bank Earnings Roundup Ken Griffin sounds alarm on risks of private credit market for wealthy investors: FT Weekly ETF flows: Four of 11 sectors record outflows; technology sector leads inflows
2 May 2026, 13:57
Trump and Xi set to meet with unaligned priorities over handling of Iran war
China’s UN diplomat, Fu Cong, has said upcoming Trump-Xi talks will heavily focus on the Strait of Hormuz. He said it was “urgent” to get the strait open and running. Fu Cong addressed the media after China took over the presidency of the UN Security Council for the month of May. He said the Middle East is the hot spot of issues and a top priority for the council. On the Iran war , he said: “The most urgent issue is to keep the ceasefire. And the ceasefire needs to last, and there has to be a good-faith negotiation between the two sides”. He said he was sure Hormuz would still be blocked when Trump visits China. Therefore, it “will be high on the agenda of the bilateral talks”. Trump will visit China on May 14-15 if the passage stays shut. The plan was confirmed by the White House. It will be POTUS’s first visit to the People’s Republic of China in eight years. The talks would have transpired earlier, but got delayed due to the Iran war mess. It’s unlikely the meeting would solve all the problems between Washington and Beijing. What matters more is whether it can help both sides handle their competition without things spiraling out of control. Energy shocks hit global economy The Hormuz shutdown has hit the global economy hard. About 20% percent of the world’s oil and gas normally moves through that narrow waterway. When the crisis peaked, it blocked around 13 million barrels of crude oil per day. Markets had to tap into reserves, and prices shot up fast. The World Bank now thinks energy prices will jump 24% in 2026. Fertilizer costs are expected to climb 31%. That’s making inflation worse and slowing down growth in poorer countries. For this reason, buyers are going toward alternatives benefitting China. Chinese energy products sales made $26 billion in March 2026. It is more than half of how it performed last year. Trade fights between the U.S. and China have gotten worse over the past year. Tariffs on some goods reached 145%. Trade between the two countries dropped about 30%, and $130 billion worth of Chinese exports to America vanished. China dealt with the hit by sending goods elsewhere. The country redirected about $55 billion in exports to Europe and other markets in Asia, the Middle East, and Africa. The competition has spread to technology A survey by the Center for Strategic and International Studies in March 2026 found that 56% of chip and tech companies now wait more than 180 days for export licenses. A third of them wait over 300 days. More than half said they lost business because of the delays. About 62% saw relationships with customers suffer, and 58% lost clients to foreign competitors. A survey by the CSIS China Power Project in 2026, led by Bonny Lin, found 57% of U.S. experts don’t think the relationship is getting more stable. Only 26% see improvement. Just 3% believe both countries will fully stick to their agreements. Economist predicts pressure will force deal Daniel Lacalle, a Spanish economist who manages almost €1 billion at Tressis Gestion, thinks the pressure on all sides will force a deal. Speaking on the MacroVoices podcast Thursday, he called it a “three-way standoff” between the U.S., Iran, and China. Lacalle says Trump believes America can handle high gas prices because it exports oil. Iran’s Revolutionary Guard doesn’t care about hurting regular Iranians. China thinks its stockpiles of raw materials will protect it. But the costs will eventually push everyone toward “an agreement that wraps the trade war and the Iran war” together. When that happens and the strait opens, Lacalle predicts the dollar index will fall to 96. He also thinks oil prices have already hit their peak and will drop gradually, though they won’t return to pre-war levels. Gold has fallen about 20% from its high earlier this year. Lacalle says that’s because traders unwound bets against the dollar when it started recovering as fighting began in the Gulf. If you want a calmer entry point into DeFi crypto without the usual hype, start with this free video.
