Newton Gitonga
The crypto market experienced notable volatility today as Bitcoin rallied past $110,200 before retracing to press time levels of $109,850.
The latest economic stats, which confirmed that the US job market is stronger than anticipated sparked the movements.
According to the data, NFP employment stood at 147,000 in June, beyond the predicted 110,000.
Further, the unemployment rate plunged to 4.1%, below the expected 4.3%.
These stats have hurt hopes of a Fed rate cut in July.
With large-cap cryptocurrencies setting the market tone, this article evaluates Ethereum, XRP, and Cardano’s developments and what to expect in the coming sessions.
Switzerland’s AMINA Bank integrates Ripple’s stablecoin
The financial institution becomes the first to support Ripple’s RLUSD, marking a key step in the dollar-tied stablecoin’s mainstream adoption.
The move comes as institutional-grade digital tokens see increased traction.
While traditional USD-backed stablecoins operate primarily on DeFi rails, RLUSD prioritizes regulation and compliance.
That makes it more appealing to banks and financial institutions venturing into tokenizing fiat while adhering to global monetary rules.
AMINA Bank highlighted RLUSD’s uniqueness, stating:
It is built on Ripple’s established global infrastructure, combining US regulatory clarity, institutional-grade custody and trading, and a global payout network. Whether you’re a business optimizing your treasury or an individual exploring tokenized finance – this is stable value, reimagined.
RLUSD is now available at AMINA Bank 🚀
In collaboration with @Ripple, AMINA enables a regulated, secure, and seamless way to custody and trade RLUSD – ideal for both institutions and individuals who demand clarity, compliance, and control.
🔹 Your digital dollars are protected
The integration is vital in alleviating RLUSD’s credibility goals, especially after Ripple’s unending legal tussles in the United States.
As the blockchain company diversifies beyond payment corridors and native XRP, RLUSD cements TradiFi and DeFi unification.
AMINA Bank’s integration could attract similar moves in Europe and beyond.
The native token grabbed analysts’ attention, with predictions signaling robust growth for XRP in the upcoming sessions.
The remittance token hovers at $2.28 after rallying 5% the previous day.
Development activity keeps Ethereum and Cardano afloat
Ethereum and Cardano are among the top digital assets recognized for blockchain innovation.
While price movements often steal the limelight, Santiment’s latest data presents a deeper and more telling case.
Ethereum and Cardano dominate on-chain developer activity, confirming ecosystems’ progress and long-term health.
The metrics show Cardano ranks fourth among all blockchains in GitHub events, whereas the largest altcoin by market cap took the 13th spot.
These rankings confirm actual developer contributions, pull requests, and code changes, reflecting active evolving chains that no longer rely on hype.
Meanwhile, continued development reinforces trust among builders and long-term investors.
Cardano’s lead confirms the steady dedication to innovation.
Recently, Charles Hoskinson tapped Bitcoin to enrich its decentralized finance (DeFi) sector.
Also, Ethereum displays a commitment to scalable solutions.
It released the Pectra upgrade early in May to enhance speed, user experience, and scalability.
Ethereum and Cardano gained over 6% in the past 24 hours to trade at $2,610 and $0.6025.
Meanwhile, these observations highlight how top alt projects are repositioning themselves for the future as Q2 2025 begins.
The post Large-cap alts: Swiss Bank adopts Ripple’s RLUSD; Ethereum, Cardano top dev activity appeared first on Invezz
