Cryptocurrency
Terra Classic contemplates deposit hike to curb spam proposals

The Terra Classic community is voting on multiple proposals, with concerns raised about an uptick in spam following a decline in Luna Classic (LUNC) prices. A new proposal seeks to raise the minimum deposit requirement from 1 million LUNC to 5 million LUNC, with expectations of a potential price increase ahead of the upgrade.
Proposal 11780, called the “Initiative to Address Spam Proposals by Raising Minimum Deposit to 5M LUNC,” is under consideration. Its objective is to elevate the minimum deposit requirement from 1 million LUNC to 5 million LUNC, creating a higher barrier for scam proposals to advance beyond the deposit phase. This measure is intended to counteract the influx of spam and irrelevant proposals submitted for voting within the Terra Classic community.
Validators agree that the existing 1 million LUNC threshold is insufficient in deterring these proposals. Hexxagon, the developer team responsible for the community-owned Station wallet, has observed an uptick in spam proposals.
Initiative to combat spam proposals by increasing minimum deposit amount to 5M LUNC
We currently have seen an increase in “SPAM” proposals going up, since the price of LUNC has dropped, 1M LUNC is no longer effective in combatting these types of proposals, this proposal will…
— Hexxagon (@hexxagon_io) September 8, 2023
At the time of writing, the proposal has 34% of votes in favor, 64% of votes against and 2% of votes “No with veto.” Nine validators, including Hexxagon, Lunanauts and Coinpayu, favor the proposal.
Meanwhile, Terra Classic developers are gearing up for the v2.2.1 core upgrade, scheduled for Sept. 12 at 9:57 am UTC. Additionally, the TerraUSD Classic (USTC) quant team has initiated contact with centralized exchanges in an effort to reestablish the peg of USTC.
Related: Prime Trust parent company lost $8M investing in TerraUSD
LUNC and Terra (LUNA) have experienced a significant surge in trading volumes recently, propelled by important community-approved proposals. LUNA, led by Terraform Labs, has seen a growth of over 5% in the past week, while LUNC is also displaying upward momentum in anticipation of the core upgrade by its developer team.
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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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