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Breaking ! Crypto Market Today: 7 Major Moves You Can’t Miss – Bitcoin Nears ATH, XRP Surges, and Regulatory Shifts Shape the Future

Crypto Market Today: Key Developments on May 12, 2025

As of May 12, 2025, the crypto market today is experiencing significant movements and developments:

  1. Bitcoin Approaches All-Time High: Bitcoin (BTC) is trading at approximately $104,198, nearing its previous all-time high. This surge is attributed to favorable U.S. policies and shifts in miner behavior. FingerLakes1
  2. XRP Surges 50%: XRP has experienced a 50% increase from $1.75, with analysts predicting a potential challenge to its all-time high.
Crypto Market Today
  1. Arizona Establishes Cryptocurrency Reserve Fund: Arizona has become the second U.S. state to create a cryptocurrency reserve fund, aiming to protect the value of unclaimed digital assets. Axios
  2. BitGo Secures MiCA License in Germany: Crypto custodian BitGo has obtained a Markets in Crypto-Assets (MiCA) license in Germany, enhancing its regulatory compliance in Europe. Cointelegraph
  3. Amber International Launches $100M Crypto Ecosystem Reserve: Amber International has unveiled a $100 million reserve to expand institutional crypto adoption, signaling increased institutional interest in digital assets. Morningstar
  4. Pakistan Launches Crypto Council: Pakistan has established the Pakistan Crypto Council to oversee and promote blockchain technology and digital assets within the country. Wikipedia
  5. Hut 8 Subsidiary Announces Go-Public Transaction: American Bitcoin, a subsidiary of Hut 8, has announced plans to go public, reflecting ongoing developments in the crypto mining sector. GlobeNewswire

These developments indicate a dynamic and evolving cryptocurrency landscape, with significant price movements and regulatory advancements shaping the market’s future. This is what happened in crypto market today.

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Japan’s Banks Are Adopting Ripple Tech, But Will They Actually Use XRP?

Summary: Japan’s SBI Remit and SBI Shinsei Bank collaborate in upgrading cross-border payments, leaving some elbow room in the process that could be curbed with the help of Ripple’s technology. Even though they have used RippleNet for faster settlement, the million-dollar question is now whether they are integrating XRP or future Stablecoin RLUSD from Ripple.

SBI Remit has, for the last decade, been right at the forefront of Japan’s remittance space, especially where foreign residents seek to send money back home. They have used Ripple’s blockchain already, enabling smoother and less expensive transfers. The most recent deal with SBI Shinsei Bank could see them expand even further-a potential development that might extend Ripple’s ecosystem into more traditional banking services.

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Another key angle would be that SBI Shinsei Bank participates in Project Agorá, dedicated to the exploration of CBDCs and blockchain-based cross-border payments. This directly fits into the plans of Ripple to extend its technology to the mainstream financial world, making XRP or RLUSD one of the most prospective live use cases.

Japan is still catching up when it comes to fintech and banking collaborations, but this move sets a precedent. SBI Remit and SBI Shinsei Bank are paving the way for Ripple-powered solutions in Japan’s financial sector, and if they go all in on XRP or RLUSD, it could be a game-changer for crypto-backed remittances.

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