XRP rose 2% as XRP Ledger processed a record 2.7 million transactions in a single day. The network handled 2.7 million payments within a 24-hour period, marking a significant adoption milestone. The price movement coincided with elevated on-chain activity, the original report said.

Spot Bitcoin ETFs are priced with a 60% implied probability of posting positive net flows today, Polymarket data show. The platform's data suggest traders expect institutional participants to buy into the recent Bitcoin price dip through these products.

A federal judge blocked Justice Department subpoenas seeking to compel testimony from Federal Reserve Chair Jerome Powell, a court ruling shows. The legal challenge comes as the Fed's monetary policy decisions remain under scrutiny, with focus on the path of future interest rate cuts.

Macro investor Stanley Druckenmiller said global financial settlement systems could migrate to stablecoin technology within 15 years, citing superior transaction efficiency. His comments highlight a long-term vision in which stablecoins play a central role in cross-border and domestic payment processing.

On-chain data show 1,134 BTC valued at $80,801,793 was transferred from Coinbase Institutional to an unidentified wallet. The transaction involved a single outbound flow from the Coinbase Institutional address, with no further details on the recipient disclosed in the on-chain record.

KRAKacquisition Corp., a special purpose acquisition company sponsored by a Kraken affiliate, is evaluating potential acquisitions of crypto-native firms valued between $2 billion and $10 billion, director Ravi Tanuku told Decrypt. The SPAC, formed in January, raised $345 million in a public offering and has a two-year window to identify a target, with opportunities spanning stablecoins, DeFi and payments. Separately, Kraken confidentially filed for an IPO with the SEC last November following an $800 million fundraise that valued the exchange at $20 billion.

The CFTC is recruiting leading technology and market professionals to develop tailored regulatory frameworks for crypto, artificial intelligence and prediction markets, a CFTC official said. The agency is focused on attracting specialized talent to support rulemaking for these emerging innovations.

Bitcoin dropped to around $71,000 after earlier touching a weekly high near $73,913. The pullback marks a reversal from the recent peak for the leading cryptocurrency.

Coinbase Institutional transferred 24,470 ETH valued at $51,486,600 to an unknown wallet address. The transaction moved funds from the institutional platform to an unidentified destination.