Markets Rise as Senate Breakthrough Averts Government Shutdown

US financial markets surged as Senate Democrats broke ranks to join Republicans in advancing a funding bill to end the government shutdown, sparking gains in equity futures and Treasury yields. Treasury Secretary Scott Bessent added to the positive sentiment by suggesting President Trump’s tariff ‘dividend’ could materialize through tax cuts, while TSMC shares climbed despite slowing sales after Nvidia CEO Jensen Huang requested more chip supplies. However, DZ Bank’s Sonja Marten warned that markets face a potential reality check once economic data resumes publication.

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XRPL RWA Value Soars 2,260% as XRP Nears All-Time High

The XRP Ledger (XRPL) has experienced a staggering 2,260% increase in the value of tokenized Real World Assets (RWA), jumping from $5 million in January 2025 to over $118 million by July, according to a report by Token Relations and Ripple. This growth is driven by institutional interest, particularly in U.S. Treasuries, and a 57% surge in Total Value Locked (TVL) in DeFi to $86.66 million. Ripple’s stablecoin RLUSD has also gained traction, with 77.5 million tokens minted in July alone and a market cap exceeding $530 million. XRP’s price has risen 22% in a week, trading at $3.4, with analysts predicting a potential 530% surge if key resistance levels are broken. XRPL’s expansion continues globally, with new partnerships and regulatory approvals in the UAE, South Korea, and Singapore.

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NRW.BANK Issues €100M Digital Bond on Polygon Blockchain

NRW.BANK, Germany’s largest regional development bank, has made history by issuing a €100 million digital bond on the Polygon blockchain, a first for the institution. The two-year bond, maturing in 2027, was issued under Germany’s Electronic Securities Act (eWpG), eliminating the need for paper certificates and showcasing the potential of blockchain in traditional finance. By leveraging Polygon’s fast and cost-efficient Ethereum layer-2 solution, NRW.BANK signals a shift toward scalable blockchain adoption in institutional finance. The deal involved key players like Deutsche Bank and Cashlink Technologies, reflecting strong market confidence. Meanwhile, Polygon’s recent technical upgrades and partnerships, including Agora and AUSD stablecoin integration, have boosted its market performance, with POL token surging 29% in a week.

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Deutsche Bank’s Crypto Custody Plan Boosts Institutional Trust

Deutsche Bank (DB) is set to introduce a crypto custody service by 2026, reinforcing institutional trust in digital assets. Beyond custody, the bank is evaluating stablecoins and tokenized deposits, potentially issuing its own token or joining an industry-wide initiative. While the immediate impact on Bitcoin’s price has been minimal, long-term adoption by traditional finance players like DB could solidify Bitcoin’s role as a strategic store of value. Bitcoin currently trades at $107,686.70, showing modest gains. If successful, DB’s move may accelerate crypto custody becoming a standard banking service by 2026.

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Germany’s Sparkassen to Offer Crypto Trading by 2026

Germany’s Sparkassen-Finanzgruppe, a network of over 370 savings banks, plans to roll out crypto trading services for its 50 million+ clients by 2026. The initiative, facilitated by DekaBank, will allow users to buy and sell Bitcoin and Ethereum directly through Sparkasse’s mobile apps. The decision reflects growing retail demand and compliance with the EU’s MiCA regulations. While the German Savings Banks Association warns of crypto’s speculative nature, the move positions Sparkassen ahead of traditional banks like BNP Paribas. The rollout follows earlier resistance to crypto, including transaction blocks in 2015 due to volatility concerns. Other German banks, such as DZ Bank and Landesbank Baden-Württemberg, are also expanding into crypto services.

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California Passes Bill to Seize Inactive Crypto After 3 Years

California’s Assembly Bill 1052, passed 78-0, enables the state to take possession of cryptocurrency left inactive on exchanges for over three years, similar to existing rules for dormant bank accounts. To demonstrate ownership, users must perform actions like transactions, deposits, withdrawals, or account access. The bill also permits crypto payments for goods and services in private transactions. This follows AB 1180, which requires the Department of Financial Protection and Innovation to establish rules for crypto payments of state fees under the Digital Financial Assets Law. Once enacted, digital asset businesses must comply with licensing requirements, though self-custody users remain unaffected by the escheatment provision.

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Neue Bank appoints Branko Racić as Head EAM International to drive growth

Branko Racić has joined Neue Bank in Vaduz as Head EAM International, tasked with enhancing the bank’s growth and global expansion efforts. With a strong background in the financial sector, including a decade at Vontobel, Racić will collaborate with Mathias Bürzle to further develop the bank’s business with independent asset managers.

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Boerse Stuttgart Reports 25 Percent Revenue Growth from Cryptocurrency Services

Boerse Stuttgart, a major European stock exchange, reported that cryptocurrency services accounted for 25% of its 2024 revenue, with trading volumes tripling and client holdings reaching €4.3 billion. CEO Matthias Voelkel expressed optimism about the crypto market’s growth, citing Bitcoin’s limited supply and increasing demand. The exchange has expanded its offerings through partnerships with banks and liquidity providers, while navigating the regulatory landscape under the EU’s Markets in Crypto-Assets Regulation (MiCA).

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Ripple Dogecoin and Rollblock poised for significant growth in 2025

Ripple (XRP) and Dogecoin (DOGE) are poised for potential new highs, while Rollblock (RBLK) is expected to achieve remarkable gains as it transitions from presale to a major player in the GambleFi sector. Rollblock has seen a surge in user registrations and wagered bets, with a focus on transparency through Ethereum blockchain integration. Analysts predict significant price increases for all three cryptocurrencies, with RBLK potentially reaching $1 this year.

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