Bank of New York Mellon Appointed as Custodian for XRP Reserves Amid Market Volatility
Published at：2025年07月09日 20:32
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In a significant development for the cryptocurrency market, Bank of New York Mellon has been selected as the custodian for XRP reserves. This announcement comes at a time when the price of XRP has slipped below the $2 mark, with bearish signals intensifying and the support zone under considerable pressure, as indicated by recent technical analysis. The merger between Bank of New York Mellon and Northern Trust, while attractive, is reported to face significant challenges. Amid these uncertain times, Bank of New York Mellon is being viewed as a safer investment option. In related news, Trump Media has made its third attempt to launch a cryptocurrency ETF, primarily targeting Bitcoin. Additionally, Morgan Stanley has noted that banks' dividend increases have surpassed expectations.
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Bank of New York Mellon
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