Cryptocurrency
NFT: Paying for air or an asset?

NFT is the most discussed digital trend right now. While some users have joined the chase for the most unusual crypto-art, others do not understand the real value of tokens.
NFTs are incorrectly classified as digital currencies because they are digital certificates of ownership; that is, they are intellectual property objects, as they are the result of human intellectual activity.
Let’s deal with the concept of NFT
Often “token” refers to any cryptocurrency or crypto-asset, which, in fact, only creates more confusion. The closest to the truth defines a token as a certain unit of account, which itself is not a cryptocurrency. In fact, it is a special registry entry that certifies that a certain person owns the right to a certain asset.
The term non-interchangeable can also be replaced with the word “unique” – its specificity is that each token is specific and cannot be exchanged or replaced with another token of the same kind.
It turns out that NFT is a unique record in the registry, confirming a person’s right to a particular asset. As a rule, NFT is used to secure the right to unique objects from the virtual world, which are most often intellectual property objects.
NFT copyright. Is it real?
An NFT is only a certain record that confirms the right to a unique object – the token itself cannot be copyrighted.
This is because the non-interchangeable token itself, although it has its expression in objective form, was not created by creative labor, and this is the key criterion for recognizing a particular object as a copyright object. Also, the attribution of the NFT itself to intellectual property objects simply does not fit into the logic of its essence: the NFT – something that certifies the right to the object of intellectual property.
BAYC monkeys – a club for a select few
NFTs are now actively used to sell digital objects. For example, one of the most popular has become a collection of NFT BoredApeYacht Club (BAYC), which presents a collection of pictures of “cartoon” monkeys, which are procedurally generated by an algorithm. Why did the creators of these pictures decide to use NFT to distribute their works?
NFT contains information about the rights to the image to which it is “attached”. In the case of BAYC, this is exactly the situation: ownership of NFTs gives their owners access to a closed online club, exclusive in-person events, and also certifies their exclusive right to the said image and the character depicted in it.
In this case, non-exchangeable tokens are very much like uncertified securities, which also certify binding and other rights and also have no tangible medium.
Where are the borders?
For many people, it is not obvious that an NFT associated with a work or an object from the real world may not give the owner of a token any exclusive rights to that object. Unless the terms of purchase specifically state that an NFT certifying an exclusive right to an intellectual property object is transferred to the purchaser, it must be assumed that the NFT merely certifies ownership of a digital copy of a particular object.
By acquiring NFT, its new owner can not dispose of the rights for the work itself, to prohibit third parties from using or independently process the work without the consent of the right holder. He can only determine the fate of the copy he has inherited, without becoming the copyright holder for the work itself. The rights holder himself/herself is not restricted to create a few more digital copies of his/her work, issue new NFTs to certify ownership of them, and sell them to other purchasers.
It will work the same way in the other direction – if a person is not the owner of the exclusive right to a work, he is not entitled to issue an NFT certifying the right to such a work either.
Conclusions
It may seem that an NFT is just a risky investment which cannot perform any useful function. That’s not entirely true: in addition to selling images of monkeys and other digital art, NFTs can be used for more useful purposes
Recently the Japanese startup ABCRECORDS created a marketplace where anyone can buy NFTs entitling them to use a piece of music in their social networks and, subject to a special questionnaire and an agreement with the rights holder, the owner of the token can also obtain the right to use the music for commercial purposes.
If the NFT is resold, these rights will pass to another person, and the author of the work whose rights are certified by the NFT will receive a certain percentage of the resale amount.
Cryptocurrency
Ripple CEO Says Stablecoins on the Verge of a Trillion-Dollar Boom

The stablecoin market could potentially balloon nearly tenfold within a few years, according to Ripple CEO Brad Garlinghouse.
Appearing on CNBC’s “Squawk Box” on Wednesday, Garlinghouse highlighted the sector’s momentum and said that many expect stablecoins to reach a combined market capitalization of $1 trillion to $2 trillion, up from around $260 billion today.
The exec added that the current growth rate is “profound,” while explaining that Ripple’s late entry into the stablecoin sector was a result of using stablecoins in its institutional payment flows prior to launching its own USD-backed asset.
BNY Mellon Backs Ripple’s RLUSD
Garlinghouse’s comments came as Ripple announced that the Bank of New York Mellon will now handle the USD cash and Treasury bills that back its RLUSD stablecoin.
Meanwhile, the partnership, which was disclosed on Wednesday, secures RLUSD a reputable banking partner as it scales further. As one of the largest custody banks in the US, BNY Mellon will safeguard and manage the liquidity of the reserves backing every RLUSD issued. It has been tasked with ensuring that holders can redeem the stablecoin for USD on a 1-to-1 basis under standards similar to money-market fund controls.
BNY’s support for RLUSD aligns with its gradual expansion into crypto services since establishing a digital asset unit in 2021 and welcoming institutional crypto clients in 2022. Ripple’s RLUSD, which launched in December 2024 on Ethereum and the XRP Ledger, has grown rapidly within the $260 billion stablecoin market.
RLUSD is designed to align with upcoming bipartisan legislation in the US, the GENIUS Act, which will introduce federal standards for reserve disclosures and backing. The stablecoin industry continues to attract interest from major corporations like Amazon and Walmart, alongside top-tier banks exploring entry into this expanding ecosystem.
J.P. Morgan Throws Cold Water on Hype
Apart from Ripple’s outlook, Standard Chartered anticipates the stablecoin sector could expand to $2 trillion by 2028, while Bernstein expects supply to climb toward $4 trillion within ten years.
J.P. Morgan, however, remains skeptical. The investment banking behemoth estimated growth to just $500 billion by 2028, and argued that trillion-dollar expectations are premature amid the lack of widespread use of stablecoins.
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Cryptocurrency
Bitcoin Legend Max Keiser Predicts BTC to Hit $220K in 2025

Veteran Bitcoin (BTC) evangelist Max Keiser has reignited bullish sentiment in the crypto community with a renewed call that the OG cryptocurrency will reach $220,000 before the end of 2025.
In a series of posts on X, he stressed that his forecast, once seen as outlandish, now appears increasingly plausible, especially following BTC’s new all-time high of $112,152, reached just hours earlier.
$220K BTC Call Gains New Momentum
Keiser first floated his $220,000 prediction in December 2022 during an interview with Daniela Cambone. At the time, the digital asset market was caught in a debilitating “crypto winter,” with its overall value plummeting from $3 trillion to under $1 trillion and BTC sinking to five-digit lows.
The former broadcaster is now circling back to the projection, pointing out that the price of Bitcoin has increased 700% since his sit-down with Cambone.
“Bitcoin up 700% since this interview 2 years ago (and $220,000 in 2025 looks likely),” Keiser wrote on X.
While skeptics challenged his thesis two years ago, BTC’s current price is lending it credibility. “$220,000 in 2025,” he reiterated in another post.
The number one cryptocurrency recently chalked up a new all-time high, after initially surging past $109,000 following comments by U.S. President Donald Trump on July 9, demanding the Federal Reserve execute the “biggest interest rate cut in history.”
Analysts at the Kobeissi Letter warned that such an unprecedented cut, while potentially saving $174 billion in near-term interest and slashing mortgage rates, could supercharge inflation, possibly benefiting riskier assets like Bitcoin.
This macro bombshell shattered weeks of consolidation between $105,000 and $110,000, decisively propelling BTC past its old peak. Market intelligence firm Santiment pinpointed the breakout’s contrarian nature, noting it occurred precisely when “many retailers had been dropping out due to boredom or disbelief,” a classic signal of smart money accumulation preceding major rallies.
Keiser Holds Back on Timing to Avoid Investor ‘Fear’
At the time of this writing, Bitcoin was trading near $111,090, and showing modest momentum, with gains of 2.1% in the last 24 hours and 1.8% over the past week.
While Keiser’s $220,000 target remains highly ambitious, his conviction has been constant through the asset’s ups and downs. However, he has intriguingly hinted at withholding the precise timing of his prediction, suggesting the full picture might unsettle investors.
“I pause before giving exact timing of price targets not to scare people,” Keiser admitted in one post, adding more emphatically in another, “If I gave you both the price and date most of you would be scared.”
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Cryptocurrency
XRP Prices Hit 7-Week Peak as This Crucial Metric Suggests Further Gains

There’s an evident uptick in the cryptocurrency market, especially when it comes to altcoins, as many have marked notable gains of up to 5% on a 24-hour scale.
Ripple’s native cross-border token is among the examples, as the asset jumped to $2.4 for the first time since late May today.
One of the possible reasons behind the price pumps in the past few hours could be linked to US President Trump’s call for a massive interest rate cut by the Federal Reserve. After all, riskier assets like crypto should benefit from such a monetary move.
XRP is among the top performers on a daily scale, climbing by nearly 4% and reaching the aforementioned seven-week peak. Moreover, the fourth-largest cryptocurrency has gained over 25% since its monthly bottom at the end of June at $1.9 during the Israel-Iran war.
According to data shared by Santiment, Ripple’s price pump could also be attributed to large investors accumulating substantial portions of its supply. In fact, the number of wallets holding at least a million XRP reached a new all-time high yesterday at 2,743. Today, the number is just shy of that peak, Santiment said.
XRP’s market value has hit a 7-week high, crossing above $2.39 for the first time since May 23rd. What to watch for are the rising number & collective balances of whales holding at least 1M $XRP.
There are currently 2,742 wallets holding at least 1M XRP, one off from… pic.twitter.com/UPPlSWq7TD
— Santiment (@santimentfeed) July 9, 2025
The analytics platform believes this shows growing confidence in XRP’s future. Additionally, smaller (retail) investors could follow suit by seeing this accumulation pattern by the so-called ‘smart money,’ which might result in further gains for Ripple’s token.
The XRP Army has certainly been vocal about its bullish belief in the asset’s price trajectory, and some analysts have indicated that reclaiming the $2.38 resistance could result in a quick 12% surge to $2.60.
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