BBVA customers can now securely store crypto assets within the app. Ripple Custody infrastructure was created following Ripple’s acquisition of Metaco. This infrastructure previously integrated with BBVA systems in Switzerland and Turkey. However, it is now active in Spain for the first time. 

European Union’s MiCA regulations are accelerating sector developments. Banks can provide safer and more transparent solutions under these rules. Additionally, BBVA continues to develop crypto services fully compliant with regulations. This ensures customers can invest and store assets securely. 

MiCA Regulations and Crypto Integration in Banking 

MiCA offers a roadmap for financial institutions across Europe. BBVA’s new integration is a practical example of this framework. The bank allows customers to maintain full control over digital assets using Ripple technology. At the same time, security, transparency, and regulatory compliance are guaranteed. 

Ripple’s strategy in the European market is attracting attention. The company produces banking-focused solutions while XRP ecosystem use cases continue to grow. Meanwhile, BBVA provides customers with full-service management through a single app. In other words, crypto investment and custody are managed from a single platform. 

Finally, Ripple and BBVA’s partnership has become a model example in Europe. Moreover, this model serves as a guide for other banks. Ripple contributes to the digital transformation of European financial institutions through regulated, secure solutions. 

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The US Treasury has opened a consultation period for the Guidance and Establishment of National Innovation for US Stablecoins (GENIUS) Act, signed into law by President Donald Trump in July. Citizens and organizations can submit comments until October 17, focusing on innovative methods to detect and prevent unlawful financial activities involving digital assets. 

According to the Treasury, feedback may include proposals on artificial intelligence, API integrations, digital identity verification, and blockchain monitoring. This input will help strengthen the law’s implementation while increasing security and transparency in the stablecoin market. Collected feedback will later be submitted to the Senate Banking Committee and the House Financial Services Committee. 

Implementation timeline of the GENIUS Stablecoin Act 

The law will take effect either 18 months after its approval on July 18 or within 120 days once regulations are finalized by the Treasury and the Federal Reserve. This timeline reduces the likelihood of the law becoming a key political topic in the 2026 midterm elections. At the same time, the implementation will raise compliance standards in the stablecoin ecosystem. 

Treasury Secretary Scott Bessent highlighted the importance of the initiative on X, calling it “necessary to secure American leadership in digital assets.” This statement underscores Washington’s intention to tighten oversight in the crypto industry. Moreover, the emphasis on innovative solutions reflects the government’s proactive stance on combating illicit use of cryptocurrencies. 

Other crypto-related bills in Congress 

During the Republicans’ “crypto week” in July, three major bills came under discussion: the GENIUS Act, the Digital Asset Market Clarity (CLARITY) Act, and the Anti-CBDC Surveillance State Act. Among them, only the GENIUS Act advanced to the implementation stage. 

The CLARITY and Anti-CBDC bills were sent to the Senate and will be reviewed after the September recess. The Senate Banking Committee has already indicated plans to advance its own version of the CLARITY Act by October. This momentum shows Congress is moving quickly on crypto regulation. 

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Ripple follows an unusual pattern in managing its XRP holdings. The platform regularly unlocks 1 billion XRP every month. However, this month, only 500 million XRP were unlocked. Of this, 300 million and then 200 million XRP were transferred in two separate transactions to Ripple accounts. 

Despite these developments, XRP’s price showed a downward trend. Its lowest level during the day was $2.1538. It later recovered to $2.19. However, there was still a 0.6% decline on a 24-hour basis. 

https://twitter.com/whale_alert/status/1940181423396155545

What Does Ripple’s XRP Locking Strategy Mean? 

The unlocking of 500 million XRP followed by the re-locking of 400 million may seem routine on the surface, but it actually signals a significant structural shift. These operations are interpreted as steps toward optimizing funds reserved for on-demand liquidity (ODL) operations, ETP products, and strategic partnerships. 

Meanwhile, a third unlocking attempt involving 300 million XRP was recorded, but the transaction did not complete. This indicates that the process is being restructured due to technical or strategic reasons. Notable transfers between Ripple wallets were observed before the re-locking, where 200 million XRP were moved from two different wallets to the related address. First, 200 million XRP were transferred from the ‘rGKHDy’ address, followed by another 200 million XRP from the ‘rHGfmg’ address. 

Is Ripple Moving Away from the Traditional Escrow Model? 

Since the beginning of this year, Ripple’s deviation from the traditional escrow release model has been closely followed by the crypto community. Changes observed since March suggest that Ripple is creating new escrow structures from its own reserves. This approach helps ensure asset security while controlling supply pressure on the market. 

In addition, one of Ripple’s partners, SBI Holdings, recently moved $703 million worth of XRP to its internal wallet. This development is believed to be directly linked to Ripple’s new escrow and asset structures. 

These complex operations by Ripple reveal that the company is entering a new phase in its digital asset management strategy. Moreover, this situation directly impacts the market dynamics of XRP. 

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The post Ripple’s XRP Strategy Shifts: What’s Behind the Move?  appeared first on Coin Engineer.

Increasing Security Concerns for Bitcoin Holders 

With the growing adoption of BTC, long-term investors have started to attract attention. Early Bitcoin holders, known as “OG,” are becoming potential targets. Jesse Posner, co-founder of Vora, stated that long-term investors could face serious security threats. 

“Extreme bitcoinization will make those holding crypto for a long time the most attractive targets in the world,” Posner explained. 

Malmi proposed an organization named “Bitcoin Mossad” to ensure the security of OG investors and take precautions against potential threats. He suggested that such an organization might be appropriate in countries like El Salvador, where BTC is recognized as legal tender. 

Maybe we need a "never forget, never forgive" type organization as a deterrent. Bitcoin Mossad hosted by El Salvador?

— Martti Malmi (@marttimalmi) June 2, 2025

However, OG investors face high risks due to their assets, making them targets of cyber attacks, fraud attempts, and even physical threats. As Bitcoin’s popularity and value increase, so does the likelihood of these individuals becoming targets. Therefore, protecting OG investors is critical for the healthy growth of the crypto ecosystem. 

Responsibility of Security Companies and Marketing Strategies 

Alex Stanczyk, CEO of Swan BTC, emphasized that security companies should be cautious with their marketing strategies. Stanczyk noted that offering unrealistic security promises can be misleading and lead to greater risks. Transparency and realism in marketing security solutions are crucial. 

With BTC‘s global adoption increasing, investor security has become more important than ever. The “Bitcoin Mossad” proposal highlights the need for new strategies to address security vulnerabilities and protect OG investors. In the crypto world, OG refers to early entrants and respected pioneer investors. Increasing security measures and raising awareness among investors will be critical for the sector’s sustainability in the future. 

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The attackers demanded 40 BTC (approximately $4.3 million) from Gokal. Their posts included statements such as: “You should have paid 40 BTC” and “It was only 40 BTC… you should have paid.” Following these threats, the hackers posted a photo of Gokal holding his passport, his personal contact details, and images of an unidentified woman.  

Security Alarm in the Solana Ecosystem  

Additionally, they changed Migos’ Instagram bio. They promoted a new meme coin and shared links directing users to various Telegram groups. Security experts believe these groups aim to scam users with fake investment promises. Instagram removed the posts after about 90 minutes, but the content had already reached millions.  

Blockchain researcher ZachXBT revealed details of the attack on social media:  

“They targeted Gokal’s personal accounts. Using the information they gathered, they tried to extort money from him. It seems when he didn’t pay, they started exposing him. Today, they took over Migos’ account to spread this content.”  

Meanwhile, The Rollup co-founder Andy claimed that a Solana wallet balance belonging to a person named “Arvind” was also leaked in the posts. However, this person’s identity remains unclear.  

JUST IN: Hackers compromised rapper Migos’ Instagram account to leak Solana co-founder @rajgokal's passport, ID, and family pictures.

The materials appear to be KYC images, raising questions about whether the source may be linked to recent @coinbase data breach.

The caption… pic.twitter.com/wKEVKP1dFi

— SolanaFloor (@SolanaFloor) May 27, 2025

Gokal had warned his followers on X (formerly Twitter) days before the attack:  

“They tried to take over my email, social media, Google, and Apple accounts. If you see any suspicious posts about token launches or fundraising, know that it’s not me. Please be cautious.”  

The Solana (SOL) Foundation also issued an official statement regarding the incident:  

“This attack targeted Raj Gokal’s personal security. The Solana network and its projects were not affected. However, this event reminds everyone operating in the digital asset space to review their security.”  

The foundation also issued warnings to the community, emphasizing that users should trust only announcements from official channels. Additionally, they recommended basic security measures such as two-factor authentication, strong passwords, and regular account checks.  

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