Ripple Introduces Ripple Treasury

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Market Snapshot: Overnight Moves

Daily Updates:

• The detachment between the US stock market and consumer confidence in the US widened further yesterday as equities rose to record highs. 
• The S&P 500 closed 0.41% higher at 6,978.60, the Nasdaq-100 gained 0.88% and the Russell-2000 rose 0.26%. 
• Gold prices surged to record highs on Wednesday morning, surpassing $5,200/oz for the first time and on the track of approaching $5,300, as the US dollar decreased to a near four-year low.
• Meanwhile, according to the Conference Board, consumer confidence fell in January to 84.5, from an upwardly revised 94.2 last month — marking the lowest level of confidence since May 2014. 
• Dana Peterson, chief economist at the Conference Board said that “Confidence collapsed in January, as consumer concerns about both the present situation and expectations for the future deepened”.
• The Conference board’s surveys also showed that “The Expectations Index—based on consumers’ short-term outlook for income, business, and labor market conditions—fell by 9.5 points to 65.1, well below the threshold of 80 that usually signals a recession ahead.”

• With US equities at record highs, BTC continues to lag behind for now. It briefly fell to $86K yesterday and modestly recovered to trade back to $89K, while ETH has once again reclaimed the $3,000 mark. 
• After meagre inflows of $6.8M on Monday, Spot Bitcoin ETFs have once more reverted back to their pattern of outflows, selling $147.4M of bitcoin yesterday. Spot Ethereum ETFs also saw outflows yesterday of $63.6M, partly reversing Monday’s inflows of $117M. 

• The US dollar has continued its trend downwards and is now trading at its lowest since February 2022, a slump that President Trump is seemingly happy to see. 
• Speaking to reporters in Iowa yesterday he said, “No, I think it’s great” regarding the drop, while adding “look at the business we’re doing. The dollar’s doing great.”
• That added further fuel to the fire, with the DXY dropping even more following his comments.
• When asked about whether he wanted the dollar to fall further, Trump said “I want it to seek its own level” while also cautioning “I could have it go up or go down like a yo-yo”. However, he said that would be an unfavourable outcome, comparing it to hiring unneeded workers to make the US economy look stronger —  “I’ll give you an example. I could create the greatest employment numbers ever, all I have to do is hire three million people and put them into the federal government and you have ten people for one job”. 

• Earlier today Japan’s Finance Minister, Satsuki Katayama, told reporters that the government will work closely with its US counterparts on currency responses if needed — “We’ll continue to take appropriate responses on currency moves while closely coordinating with US authorities as needed, in line with our joint statement from September”. 
• When asked about whether authorities in the US had conducted any rate checks or any currency interventions, she said she “will refrain from commenting on movements in the foreign exchange market.”

• Laser Digital, Nomura’s digital assets subsidiary, has applied for a U.S. national trust bank charter as firms push to bring crypto services under federal banking oversight amid a friendlier mood in Washington.
• The filing, reported by the Financial Times on Tuesday, was submitted to the Office of the Comptroller of the Currency.
• If approved, the charter would let Laser operate nationwide without navigating state-by-state custody licences, while still stopping short of taking retail deposits. 

• OKX has launched a new debit card in Europe that lets users spend stablecoins anywhere Mastercard is accepted.
• The OKX Card draws from stablecoins held in a self-custody wallet and converts them only at the point of purchase. 

• Ethereum developers have confirmed that ERC-8004 will soon go live on mainnet, meaning AI agents will be able to find, identify, and work with each other on-chain without relying on a central authority. 
• This introduces trustless reputation and validation systems to Ethereum, allowing AI programs from different organizations to securely exchange data and payments while proving they behave as expected. 
• This means AI services can interact and settle tasks autonomously in a transparent and verifiable way, using options like feedback-based reputations, cryptographic proofs, or secure hardware to establish trust.

• Ripple has launched Ripple Treasury, powered by GTreasury, a treasury management firm which it acquired. 
• Ripple Treasury aims to bring traditional and digital treasury functions into one system, while using Ripple technology based digital asset solutions to address inefficiencies in existing workflows. 
• For example, use cases include Ripple Prime for accessing overnight repo markets with RLUSD as collateral to maximise overnight and weekend yield, as well as cross-border transfers in RLUSD to reduce settlement delays and foreign exchange risk.

• Bitcoin miner American Bitcoin (NASDAQ: ABTC) performance data shows its bitcoin holdings rose to 5,843 BTC since its Sep 3, 2025 listing on Nasdaq, achieving a BTC yield of ~116%.

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