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Crypto Chronicle: Musk Embraces Bitcoin, Ripple’s RLUSD Surges, Metaplanet Eyes Banking Move, and Senate Puts Crypto in Spotlight

This week’s top crypto stories highlight Elon Musk’s pro-Bitcoin political agenda, Ripple’s RLUSD stablecoin hitting a $500M market cap, Metaplanet’s plan to acquire a digital bank, and Ripple CEO Brad Garlinghouse’s appearance at a U.S. Senate crypto hearing.

1. Elon Musk Launches ‘America Party’ with Bitcoin Focus

Elon Musk has made waves again—this time by launching the “America Party,” rejecting the U.S. dollar and endorsing Bitcoin as a cornerstone of economic freedom. Musk’s bold political vision aims to align digital currency with national policy and reduce reliance on fiat systems. His move could shift mainstream perceptions of Bitcoin from an investment asset to a political tool for economic reform.

2. Ripple’s RLUSD Stablecoin Hits $500M Market Cap

Ripple’s U.S.-backed stablecoin RLUSD has surpassed a $500 million market cap, bolstered by integrations with Transak and BNY Mellon’s digital custody services. This milestone strengthens Ripple’s positioning in the booming stablecoin sector, especially as regulatory clarity improves and institutions seek trusted, scalable crypto payment solutions.

3. Metaplanet Acquires Digital Bank to Expand Bitcoin Reserves

Japan-based Metaplanet is planning to acquire a digital bank, a strategic move to deepen its integration into the financial ecosystem while growing its Bitcoin reserves. The firm’s aggressive BTC accumulation strategy positions it as a major institutional force in crypto, rivaling corporate treasuries like MicroStrategy in long-term crypto holdings.

4. Ripple CEO Testifies at Senate Crypto Hearing

Ripple CEO Brad Garlinghouse appeared before the U.S. Senate this week to advocate for responsible crypto regulation and emphasize blockchain’s role in modernizing finance. His testimony focused on the need for regulatory clarity, protection for innovation, and the United States’ global competitiveness in fintech.

author avatar
Satpal S
Satpal is an Editor and Author at 4C Media Co, specializing in all stories and news related to crypto and finance.
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