📌 TOPINDIATOURS Update crypto: Bank of New York Taps Ripple and Circle for Faster

The Bank of New York (BNY) Mellon has launched a tokenized deposit service that allows institutional clients to convert cash into digital tokens.

The initiative brings major crypto players, including Ripple and Circle, onto a private blockchain designed to speed up cash transfers.

BNY Targets ‘Always-On’ Markets With New Digital Deposit Offering

The new offering allows the bank’s institutional clients to convert traditional cash deposits into digital tokens on a private ledger.

“Tokenized deposits provide us with the opportunity to extend our trusted bank deposits onto digital rails — enabling clients to operate with greater speed across collateral, margin, and payments, within a framework built for scale, resilience, and regulatory alignment,” Carolyn Weinberg, BNY’s Chief Product and Innovation Officer, stated.

The move aims to modernize financial infrastructure by enabling 24/7 settlement for complex transactions. These include margin management and collateral movement, which often face delays in the traditional banking system.

BNY noted that the service aligns with a global shift toward an “always-on” operating model in financial markets.

According to the firm, institutional investors increasingly need to move assets instantly to capitalize on market opportunities. This urgency applies equally to meeting margin calls outside standard banking hours.

Tokenized deposits address these needs by reducing settlement friction. They also enable programmable payments, in which transactions execute automatically when specific conditions are met.

Despite the digital interface, BNY emphasized that client balances are still recorded in its traditional systems to ensure regulatory reporting integrity.

This hybrid approach allows the bank to offer blockchain utility while maintaining the safety and compliance standards expected of a global systemically important bank.

“Interoperability between these systems not only builds durable bridges between the real economy and the broader internet financial system but also demonstrates that speed and new use cases do not come at the expense of safety and soundness expectations of the world’s leading financial institutions,” Dante Disparte, Circle’s Strategy Officer and Head of Global Policy and Operations, explained.

Ripple Prime, a subsidiary of blockchain payments firm Ripple, is among the first to utilize the service.

The collaboration deepens the existing relationship between the two firms, as BNY already serves as the primary custodian for the reserves backing Ripple’s RLUSD stablecoin.

By integrating with BNY’s digital ledger, Ripple Prime can manage its cash liquidity with greater flexibility, representing balances on-chain for near-real-time settlement.

“As more traditional financial institutions move into digital-native services in 2026, BNY is staying ahead of the curve, bringing digital assets directly into the banking system,” Noel Kimmel, Ripple Prime President, said.

In addition to Ripple Prime and Circle, the bank announced a roster of other early participants testing the platform. These include digital asset firms Securitize, Talos, and Paxos, as well as traditional asset managers WisdomTree and Invesco.

The post Bank of New York Taps Ripple and Circle for Faster Institutional Settlement appeared first on BeInCrypto.

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📌 TOPINDIATOURS Hot crypto: Ethereum Price Flirts With 9% Risk and 12% Hope, What

Ethereum price has slipped into a tense zone after a weak start to January. ETH is down just under 1% over the past 24 hours and is now extending its 30-day decline to around 3.6%. At the same time, price remains well above major long-term supports, leaving traders split on direction.

What makes this setup tricky is the balance of risks. Ethereum is trading inside a bearish chart pattern, but positioning data suggests the downside may not be as straightforward as it looks.

Ethereum Trades Inside a Bearish Pattern?

On the daily chart, Ethereum is forming a head-and-shoulders pattern. This is a bearish structure where price forms a left shoulder, a higher peak called the head, and a lower right shoulder. A break below the neckline confirms downside.

For Ethereum, a daily close below the neckline would require roughly a 9% downside move. On the flip side, a move of about 12% higher would invalidate the pattern entirely.

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Momentum is not yet helping bulls. The Relative Strength Index, or RSI, measures price momentum. When RSI makes a higher high while price makes a lower high, the hidden bearish divergence signals weakening trend strength. That is exactly what has happened between early December and early January.

Since then, the price has pulled back, and no bullish divergence has formed. This keeps the breakdown risk active rather than resolved.

So structurally, Ethereum remains vulnerable. But structure alone does not explain everything. The next question is where the selling pressure is coming from.

Short-Term Selling Grows as Holder Behavior Weakens Support

On-chain data helps identify who is selling and who is not.

First, HODL Waves. This metric breaks Ethereum supply into groups based on how long coins have been held. Short holding periods usually represent speculative money, while longer periods reflect conviction.

Between January 6 and January 9, the 1-week to 1-month cohort saw a sharp drop in supply share, falling from 7.44% to 3.92%. That is a 47% reduction, which helps explain much of the recent ETH price weakness.

At the same time, the 1-day to 1-week cohort increased its share from 1.34% to 2.21%, a 65% jump. This matters because this group often sells quickly if the price even moves a bit.

Longer-term support is also weakening. The Hodler Net Position Change metric tracks whether long-term holders are adding or reducing exposure. While this metric remains positive, buying pressure has clearly slowed. Net inflows fell from roughly 179,000 ETH on January 4 to about 135,500 ETH by January 9, a 24% decline in accumulation strength.

In simple terms, long-term holders are still buying, but they are buying less aggressively. That reduces downside protection.

With spot support fading, attention turns to derivatives, where positioning can often decide short-term direction.

Derivatives Skew Builds Rebound Risk as Ethereum Price Levels Tighten

Derivatives data show a strong imbalance.

On major perpetual markets, cumulative short liquidation exposure stands near $3.38 billion, while long exposure is closer to $1.57 billion. That means short positioning outweighs longs by roughly 115%. In percentage terms, the market is heavily tilted toward expecting lower prices.

This matters because crowded shorts can fuel upside moves if the price starts rising. Forced short covering creates automatic buying pressure via the “short squeeze” phenomenon.

That risk clusters around key levels. Ethereum is currently trading near $3,080. The first support level to watch is $3,050, one of the most critical levels in the near term, supported by multiple touchpoints.

It is then followed by $2,890. If that breaks a daily close below $2,809, the projected 9% decline would confirm the bearish pattern and complete the neckline break.

On the upside, $3,300 is the first level that weakens the bearish structure. A daily close above that zone would begin invalidating the right shoulder. A further move toward $3,440 would fully cancel the pattern and likely liquidate all the 7-day short positions, aligning with the 12% rebound scenario.

Right now, Ethereum sits between fading spot support and an increasingly crowded short trade.

Ethereum price is not breaking down yet, but it is not safe either. Selling pressure has arrived, long-term buying has slowed by nearly a quarter, and short-term holders remain active. At the same time, derivatives positioning leaves the door open for a sharp counter-move.

The nex…

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🔗 Sumber: www.beincrypto.com