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BBVA Launches Bitcoin and Ethereum Trading for Retail Customers in Spain

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Spanish banking giant BBVA now offers Bitcoin and Ethereum trading and custody services directly through its mobile app for retail customers in Spain.

BBVA, one of Spain’s largest banks, has officially launched Bitcoin and Ether trading and custody services for retail customers through its mobile app. This latest move expands its regulated digital asset offerings across the European Union.

The launch follows a regulatory filing with Spain’s National Securities Market Commission (CNMV) in March 2025. The new service is now available to all Spanish customers of legal age. It enables them to buy, sell, and store crypto assets directly within BBVA’s secure digital banking environment.

Unlike many other banks that rely on external exchanges or third-party custodians, BBVA has fully integrated the crypto service into its existing app infrastructure. Customers can initiate crypto transactions independently, though the bank does not provide investment advice on these assets.

BBVA Executive Reacts

Gonzalo Rodríguez, Head of Retail Banking for Spain, explained that BBVA aims to simplify access to crypto for everyday users:

“Our goal is to give our retail clients in Spain a straightforward and convenient way to invest in digital currencies directly from their phones.”

The offering aligns with the EU’s Markets in Crypto-Assets (MiCA) regulation, which establishes standardized legal requirements for crypto services across EU member states.

Building on Earlier Momentum

BBVA previously rolled out similar crypto trading and custody services for private banking clients in Switzerland in 2021 and later expanded to Turkey in 2023 through its subsidiary Garanti BBVA.

The Spanish launch marks the bank’s third market for digital assets, but it is the first time BBVA is targeting retail customers directly in its home market.

Francisco Maroto, Head of Digital Assets at BBVA, explained that with Spain now joining the bank’s digital assets lineup, BBVA is building on the success it has had in Switzerland and Turkey.

He said the bank plans to continue expanding its crypto and tokenized offerings by adding new digital assets such as stablecoins, as well as tokenized versions of traditional investments like bonds and funds, aiming to deliver innovative solutions for its clients.

For safeguarding customer assets, BBVA uses its proprietary custody infrastructure. The bank says this gives it complete control over security. It has also indicated plans to introduce additional crypto-assets and tokenized investment products in future updates to the service.

Analyst Says Shiba Inu Aiming for $0.000032, Start of a Larger Positive Reversal

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Javon Marks says Shiba Inu bullish divergence has completed, eyeing a move that could be setting SHIB for a much larger positive reversal.

Notably, Shiba Inu (SHIB) is currently trading at $0.00001178, marking a 2.1% gain over the past 24 hours and a 2.4% rise in the last week amid moderate volatility. The asset reached a short-term high of around $0.00001212 on July 3 before pulling back and subsequently recovering.

This performance aligns with a growing wave of bullish sentiment surrounding SHIB, as highlighted in a recent technical analysis shared by market analyst Javon Marks. The analysis focuses on a bullish divergence observed between SHIB’s price action and the Moving Average Convergence Divergence (MACD) indicator on the 2-day timeframe.

Bullish Divergence Confirmed

The chart displays SHIB forming a lower low in March 2025 compared to the earlier low in July 2024. These two troughs are connected by a gently descending trendline, reflecting sustained downward pressure over the past year. 

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The first low occurred at $0.00001270 on July 5, 2024, followed by a sharp rally to a peak of $0.000033 by December 8, 2024. Afterward, SHIB declined again to a second low of $0.00001083 on March 10, 2025, from which it rebounded.

However, this bearish price movement is not mirrored by the MACD indicator. Notably, the MACD reading during the second price low was higher than during the July 2024 low, signaling a classic bullish divergence.

MACD Bullish Crossover Imminent

Meanwhile, the MACD and signal lines (blue and orange, respectively) appear to be converging, potentially setting the stage for a bullish crossover. This would indicate growing upward momentum and could prompt increased buying activity. Additionally, shrinking histogram bars lend further support to the possibility of fading bearish pressure and an impending trend reversal.

Based on this analysis, Marks has projected a potential upside target of around $0.00003200. From the current price of $0.00001178, such a move would represent an approximate 171.57% increase. The analyst also suggests this could be the beginning of a much larger bullish reversal for Shiba Inu.

More Pronounced SHIB Prediction

Meanwhile, as the week starts, social media has been buzzing with renewed Shiba Inu price predictions. Specifically, crypto influencer YourPOP reignited discussion by projecting a bold target of $0.01 for SHIB.

The bullish forecast has triggered discussion, with an X user suggesting that Shiba Inu’s massive token supply remains a major hurdle. The user argued that substantial price gains are unlikely unless the circulating supply drops through aggressive burning.

Major Crypto Exchange Announces $250,000 in Shiba Inu Reward

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Centralized exchange Crypto.com has announced a Shiba Inu prize pool for users, with a $250,000 reward in SHIB for select participants.

Crypto.com has launched a new event in its Airdrop Arena, an earn section on its platform that rewards participants for staking the native CRO token. This time, it involves Shiba Inu, the second-largest meme coin by market cap.

Users to Receive Shiba Inu in Prize Pool

For context, Crypto.com announced in a recent tweet that it has started a new reward program, where eligible users will share $250,000 worth of Shiba Inu. The new event requires users to stake the CRO token in the Airdrop Arena to participate.

Notably, the exchange will distribute the SHIB token to the top-ranking participants on a point basis. As a result, the more CRO tokens a user allocates, the better his chances of sharing in the prize money.

Meanwhile, Crypto.com is offering early birds an advantage. It will increase the points of the first 10,000 users to allocate to the new event by 120%. Furthermore, participants who lock up to 1,500 CRO in the Airdrop Arena will also receive a daily 120% boost.

According to the announcement, the reward program will last for one month, specifically from July 5 to August 4, 2025. Seven days after the event ends, qualified users who choose the Loot Locker option will receive a share of the $250,000 Shiba Inu prize money in their wallets.

The ongoing program demonstrates Crypto.com’s long-standing support for the Shiba Inu ecosystem and its ever-faithful community. The Singapore-based exchange listed Shiba Inu in May 2021 and has held a significant amount of the tokens in its reserve over the years.

In March 2023, it listed the Bone ShibaSwap (BONE) token, further increasing the visibility of the Shiba Inu ecosystem token. CEO Kris Marszalek also applauded the support of the Shiba Army towards the exchange following the listing event.

The Shiba Inu Ecosystem Continues to Build

Meanwhile, the Shiba Inu team has demonstrated a commitment to building the ecosystem, despite recent price challenges. Luice, the ecosystem’s marketing lead, has assured enthusiasts that Shiba Inu is not going anywhere, as it is not built on 5,000 to 10,000 holders.

Moreover, the Shiba Inu lead, Shytoshi Kusama, has teased major updates for July, telling enthusiasts to prepare for what is in the pipeline. Specifically, he insinuated that the updates could be from the artificial intelligence (AI) front, as he noted that “July is JUL-AI.”

Notably, Kusama has been working on an AI-driven innovation for months, an aspect he believes will shape the Shiba Inu ecosystem’s future. The community expects the release of the whitepaper this month, as he suggested, with the recent partnership with AI gaming platform TokenPlayAI teased as a party starter.

Russia Targets Illegal Crypto Miners with New Equipment Register

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Russia has launched a nationwide register of mining hardware, enabling authorities to identify and tax miners to curb rampant electricity theft that fuels illegal crypto farms.

Russia’s government has introduced an official register for crypto mining equipment to help authorities clamp down on illegal mining activities nationwide. The Ministry of Energy spearheads the initiative in cooperation with the Federal Tax Service (FNS) and the Ministry of Digital Development. 

It aims to identify miners accurately and enforce proper taxation. Deputy Energy Minister Petr Konyushenko confirmed to state news agency RIA Novosti.

The data from the register has already been shared with regional authorities experiencing surges in mining operations, many of which have been illegally siphoning electricity. This is costing both utilities and the state significant losses while straining power supplies.

Russia Legalized Mining, But Illegal Crypto Farms Persist

Russia legalized crypto mining in mid-2024, allowing both companies and registered entrepreneurs to mine digital assets legally. Under current regulations, private citizens can mine without registration only if their electricity usage stays below 6,000 kWh per month. However, beyond this limit, they must register and pay taxes on mined coins. Still, only a fraction of miners have complied.

The government sees the register as a step towards legitimizing the entire industry. The Russian Ministry of Industry supported the proposal earlier this year, following initial discussions on digital mining regulation in February.

Authorities Expand Hunt for Underground Crypto Farms

Meanwhile, other government bodies have stepped up efforts to locate illegal miners. In June, the national grid operator Rosseti announced it is working with telecom companies to develop a mechanism for tracking suspicious internet traffic patterns, which could help detect unregistered mining facilities.

The Russian government has also imposed both seasonal and permanent mining bans in regions struggling with energy shortages. Currently, mining is banned for six years in over a dozen areas.

President Vladimir Putin defended these restrictions this week, highlighting regional complaints about worsening energy deficits:

“We were forced to make certain decisions in the mining sphere,” Putin told a development forum.

Major Illegal Mining Farm Busted in Siberia

Notably, the crackdown has already yielded results. Last month, authorities in Krasnoyarsk Krai, a major mining hotspot in Siberia, dismantled a massive illegal crypto farm spread across 30,000 square meters, camouflaged as a non-residential industrial facility. 

Law enforcement continues to target rogue operations siphoning electricity in energy-deficient parts of Russia. The register, combined with stricter enforcement, marks Russia’s latest effort to bring its lucrative but often underground crypto mining sector fully into the legal fold.

Analyst Boldly Predicts Shiba Inu Will Shock the Market With $0.01 Surge

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Shiba Inu price prediction goal sparks debate as bullish forecasts clash with bearish concerns.

The discussion comes at a time when Shiba Inu (SHIB) is trading at $0.00001177, posting a modest 1.7% gain over the past week. The price action has been relatively steady but volatile, with SHIB climbing to a weekly high near $0.00001212 after dipping to a low around $0.00001115 on July 1.

Despite this sideways performance, social media discussions remain energized by renewed price predictions. One notable voice is YourPOP, a well-known crypto enthusiast on X, who continues to maintain a bullish outlook on SHIB.

Shiba Inu to $0.01?

After previously calling for a return to the token’s all-time high of $0.00008616, a level SHIB currently sits more than 86% below, YourPOP returned this week with an even more aggressive forecast: SHIB to $0.01.

Such a move would represent an increase of over 848,000%. If the token’s circulating supply remains unchanged, the market cap would need to reach nearly $5.9 trillion—more than double the current total value of the entire crypto market.

The forecast has sparked widespread reaction, likely due to the potential growth margin. A user pointed out that SHIB’s massive supply remains the biggest obstacle, arguing that the only realistic path to higher prices involves large-scale token burns. The user suggested that the supply would need to shrink to around 6 to 7 trillion tokens before any meaningful upward movement becomes feasible.

SHIB to $0.01 Like Dogecoin Legal Tender on Mars

Another dismissed the prediction entirely, calling it fake. A separate X user took a humorous approach, likening SHIB hitting $0.01 to fictional scenarios like Dogecoin becoming legal tender on Mars.

Elsewhere, another community member stated that such price levels might be attainable over a longer horizon, possibly over the next decade, but not under current market conditions.

There was also criticism directed at Shibarium, SHIB’s Layer 2 network, which one commenter believes is not actively supporting aggressive burn strategies.

Previous Predictions to $0.01

Recall, Shiba Inu community figure Luis Delgado previously provoked optimism around the token’s $0.01 target, sharing a message on developments to the then expected moves by lead developer, Shytoshi Kusama. 

At the time, Delgado believed these hidden initiatives could significantly boost SHIB’s utility and demand, potentially driving the price higher, as reflected in his use of the hashtag #1CentDreamSHIB. While figures like Delgado supported the long-term vision, many remained skeptical due to the token’s massive circulating supply.

UAE Authorities Deny Claims Of a Toncoin Partnership to Issue Golden Visas

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The United Arab Emirates has debunked rumors circulating that they are issuing golden visas to crypto investors through a partnership with Toncoin.

A joint statement from the UAE’s Federal Authority for Identity, Citizenship, Custom and Port Security (ICP), the Virtual Assets Regulatory Authority (VARA), and the Securities and Commodities Authority (SCA) issued on June 6 has denied the claim.

Specifically, the ICP stated that the UAE issues golden visas to eligible candidates, which digital asset investors do not fall into. It reiterated that only real estate investors, exceptional talents, and humanitarian pioneers, among a few others, have access to such an exclusive visa.

UAE Says Toncoin’s Claims Are False

Notably, the statement followed a recent announcement on Toncoin’s official website of a new partnership with the United Arab Emirates. According to the update, crypto enthusiasts can unlock a 10-year golden visa to the UAE with a one-time processing fee and TON staking.

For context, rather than the traditional capital requirement of $540,000 in real estate or a non-refundable fixed deposit, TON holders can achieve a golden visa by staking $100,000 worth of the token for three years and paying a one-time processing fee of $35,000.

Additionally, the announcement stated that the visa would be available after seven weeks rather than the typical three to six months. This spurred a TON rally, pushing prices to a high of $3.09 before dumping.

However, the UAE authorities have now disclosed that these rumors were false. According to the Sunday statement, the country issues golden visas through a clear and officially approved criterion, which currently excludes cryptocurrency holders.

The three authorities urged investors and the general public looking to relocate to the UAE to apply caution and verify claims through the government’s official website. Furthermore, VARA disclosed that Toncoin is neither regulated nor officially licensed to operate in the UAE.

Binance’s CZ Reacts

Meanwhile, Binance’s former CEO, Changpeng Zhao, has reacted to the UAE’s disclosure, urging investors to exercise due diligence. In a tweet today, he advised the crypto community to “DYOR,” an acronym for “do your own research.”

CZ insinuated that instead of paying agents for golden visas, one can simply develop competence and exceptionality in his endeavor. That way, it is easier to get the exclusive visa officially.

Meanwhile, the Binance co-founder earlier mentioned that he would pursue a similar plan for BNB upon the Toncoin announcement before the UAE debunked the claims.

Ripple CTO reveals His XRP Entry Price: Here is How Much He makes if XRP hits $10

Ripple CTO David Schwartz recently revealed how much he purchased the XRP tokens he holds, confirming his early entry into the market.

Being one of the original architects of the XRP Ledger (XRPL), many expect Schwartz to hold a substantial amount of XRP. Naturally, these individuals expected the Ripple CTO to have received these tokens as a gift for his contribution to the XRPL’s development, but this was not the case.

In fact, Schwartz purchased his own XRP tokens like a normal market participant from the secondary market, and he recently confirmed this when he revealed his entry price.

“Real OGs Caught XRP at $0.5”

Notably, the conversation began with a commentary from Stedas, an XRP community pundit and creator of the XRP Posters. Specifically, he suggested that the real XRP community “OGs” secured their bag when XRP traded well below the current $2 value, particularly at $0.5.

For context, XRP continued to change hands at the $0.5 price level for years, giving investors ample opportunity to procure the token at this lower price. Specifically, from April 2022 to November 2025, over the course of three years, XRP persistently retested the $0.5 region. 

A breakout occurred in November 2025 during the Trump-led market-wide rally. Now, XRP has transcended both the $0.5 and the $1 price levels, holding steady at $2. Amid the recent rally, multiple investors jumped into the market. However, Stedas says only the OGs entered during the struggles at $0.5.

Ripple CTO Bought XRP at $0.006

Interestingly, Schwartz responded to this disclosure, confirming that he procured his own bag at a much lower price. According to the Ripple CTO, his entry point was $0.006, making him a bigger “OG” than even those who bought at $0.5.

For context, Schwartz revealed in a previous disclosure that he did not receive any XRP tokens from the initial distribution. According to him, he opted for Ripple shares instead, a decision he now weighs as XRP is more liquid. 

The Ripple CTO also stressed in July 2022 that he had the option of taking his salary in XRP in the early days. However, he chose to receive the payment in cash as he needed money at the time. Schwartz affirmed that he could always buy XRP on exchanges. 

Speaking on his XRP holdings last April, Schwartz revealed that he had 26 million XRP at his peak balance. While it is unlikely, supposing he procured these 26 million tokens at the $0.006 entry price, it would have cost him $156,000 to amass them.

Now, with XRP currently changing hands at $2.25, if Schwartz still held these 26 million XRP tokens, his bag would be worth $58.5 million. Interestingly, this would have represented returns of over $58 million. However, it is likely the Ripple CTO has liquidated some of his XRP. While he confirmed he never sold large amounts of his XRP, his current holdings remain a mystery.

Here is How Much Ripple’s CTO makes if XRP hits $10

However, multiple projections suggest XRP has the potential to reach a $10 price in the future. For instance, last month, EGRAG used a combination of several indicators to project a rally to $10.

Notably, if Schwartz held his 26 million XRP tokens as the price of XRP hit $10, his balance would have swelled. Specifically, at $10, the 26 million XRP would be worth a whopping $260 million.

Elon Musk Says Yes to Bitcoin, Insists Fiat Is Hopeless

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Elon Musk, American billionaire and CEO of Tesla, has elated the crypto community after revealing his new political party will embrace Bitcoin.

The long-standing tech enthusiast revealed this intention in a recent tweet as his political ambitions gained momentum. 

Musk Flirts with the Crypto Community

After a fallout with Donald Trump last month over the president’s “Big Beautiful Bill,” Musk threatened to create a new political party, “The American Party.” His escalating feud with Trump stems from the perspective that the new laws jeopardize the Department of Government Efficiency’s (DOGE) efforts to reduce wastefulness.

Musk’s tech-focused, pro-free speech, centrist party aims to right the wrongs of the current governance system, including the growing debt of the United States. Now, Musk has unveiled that the party will embrace Bitcoin, a financial instrument that many believe will help clear America’s debt.

While he did not share further details on this embrace, he noted that the party’s intended Bitcoin adoption is because “fiat is hopeless.” Notably, Bitcoin’s emergence as a hedge against inflation and economic decay has drawn institutions and nation-states to it, with Musk’s new venture becoming the latest to tease embracing the premier asset.

Remarkably, Musk has not officially registered the American Party, and he recently revealed that the party would focus on producing Senate and House members first before vying for the presidency. Nonetheless, this intended Bitcoin adoption would surely win him crypto fans—a card that helped Trump win the 2024 presidential election.

Musk’s Long-Standing Pro-Crypto Stance

It bears mentioning that Musk has been a long-standing supporter of cryptocurrencies. His belief in Bitcoin has ensured that two of his companies, Tesla and SpaceX, hold a combined 19,794 BTC ($2.1 billion). The former holds 11,509 BTC and the latter 8,285 BTC.

In 2021, the Tesla CEO confirmed personally holding Bitcoin, Ethereum, and Dogecoin. He has also relentlessly promoted Dogecoin on his X platform and in media appearances, winning over the DOGE community and attracting a lawsuit.

As a result, his recent announcement that the new political party would adopt Bitcoin comes as no surprise considering his long history with the crypto industry. Meanwhile, Bitcoin did not react to the disclosure and has stabilized at $109,127 at the time of writing.

Here Is XRP Price If Bitcoin Doubles Every Year Until 2030

XRP price could potentially reach the double-digit range if it follows Bitcoin’s trajectory, especially as Bitcoin doubles in value each year through 2030.

Currently, Bitcoin (BTC) has been stuck in a consolidation phase, and this has expectedly impacted the broader crypto market, with XRP also observing a similar range-bound phase. 

XRP Following Bitcoin Footsteps Despite Recent Decoupling 

However, while altcoins have ranged for five months, BTC has observed new all-time highs within this period. This has triggered a massive upsurge in Bitcoin dominance, but several analysts expect this trend to flip soon, anticipating a period when altcoins will recover, dubbed the “altcoin season.”

Being the second-largest altcoin, XRP will likely benefit from such a recovery push. Now, despite the current lackluster performance among these altcoins, whenever Bitcoin stages a rebound, the broader market follows albeit at a slower pace than in recent times.

Interestingly, data from CoinMarketCap confirms this pattern. Market data indicates that XRP has trailed Bitcoin’s direction over the past month, except for a slight deviation from June 25 to 28, when XRP collapsed but Bitcoin displayed greater resilience to bearish pressure. However, currently, both coins are again moving alongside each other.

Bitcoin and XRP Price Correlation
Bitcoin and XRP Price Correlation

This close price correlation could either be beneficial or detrimental to XRP. For one, when Bitcoin collapses, XRP is likely to observe a similar price crash. However, several analysts expect XRP to also recover during periods of Bitcoin rebound. This is especially favorable, considering the bullish prospects surrounding Bitcoin.

XRP Price if Bitcoin Doubles Every Year Until 2030

Amid this correlation, The Crypto Basic recently assessed how much XRP price would grow if Bitcoin’s price doubled every year until 2030. Bitcoin currently trades for $108,000. If it doubles every year, by 2027, the price of BTC will be $432,000. Also, in 2029, this value will have risen to $1,728,000. 

By 2030, the price of Bitcoin will have reached $3,456,000. Notably, from the current price of $108,000, Bitcoin would need to rally 3,100% to reach the $3.456 million mark by 2030. Interestingly, Thomas Father, co-founder of Apollo, predicted last June that BTC could reach $3.5 million by 2030.

Now, should Bitcoin grow 3,100% to the $3.45 million level by 2030, what effect would this have on XRP’s price? Notably, XRP currently changes hands at $2.21. If XRP sees a comparative 3,100% increase from the current price, its value per token would rise to a whopping $70.72. 

Here’s What XRP Could Be Worth If It Handles 25% of Global Remittances by 2029

What could XRP price be if it handled 25% of the projected value of global remittances by 2029, especially if the market fully priced in its value?

Notably, crypto proponents believe XRP remains undervalued, especially when you consider its speed, scalability, and growing role in cross-border payments. Currently changing hands at $2.22, it still trades below what some say reflects its real-world use. 

Specifically, Ripple continues to build partnerships across key regions, but the market has yet to fully recognize the long-term value behind that adoption.

XRP Set to Capture a Growing Remittance Market

Meanwhile, the remittance market keeps expanding. According to recent projections, the global remittance industry will grow from $782.54 billion in 2024 to $832.57 billion in 2025, marking a steady 6.4% annual growth rate. That same growth pace should carry the industry to about $1.067 trillion by 2029. 

Remittance Market Size and growth rate 2025 to 2029: Graph

A recent business report suggested that factors such as rising migration, economic gaps between countries, and the spread of mobile and digital financial services could trigger this growth. 

Amid the projected expansion, Ripple has set itself up to take advantage of the change. Specifically, the company has already secured partnerships in high-remittance markets such as Brazil, Mexico, the UAE, Saudi Arabia, Vietnam, and the Philippines. 

Ripple leverages XRP because it processes transactions in seconds using a consensus mechanism that doesn’t rely on energy-heavy mining. The network can handle thousands of transactions per second, making it suitable for the high-volume demands of international payments. 

Moreover, legal clarity has improved, particularly in the U.S., where XRP is no longer treated as a security in retail sales. Importantly, this will allow more financial institutions to now use XRP without fear of regulatory pushback.

XRP Price if It Handles 25% of Global Remittances by 2029

With such an expected growth, we assessed where XRP’s price could go if it plays a major role in global remittances, leveraging a market share-based model. 

Instead of just measuring how much money XRP could move, this model estimates how the market might value its network in line with how investors typically value remittance and payment companies like Visa, PayPal, or Western Union. 

Most of these companies trade at valuations equal to one to three times their annual payment volume. For this analysis, we used a middle-ground 2x multiplier on the projected 2029 remittance volume of $1.067 trillion. This gives the remittance industry an estimated market capitalization of $2.134 trillion by 2029.

If XRP captures 25% of that market cap, it would represent a network value of $533.5 billion. With a circulating supply of 60 billion XRP, the token would need to trade at $8.89 to reflect that value. This alone would mark a strong price increase from its current level.

However, this estimate only reflects XRP’s practical use. In crypto, real-world utility often drives more demand, which in turn brings extra buying pressure. If growing adoption and investor confidence add just a 4x demand premium, XRP’s price could rise to $35.56.