Trillion-Dollar Italian Bank Moves To XRP, But How Much Have They Bought?
XRP is back in focus following reports of exposure from Italy’s largest banking group. The disclosure, highlighted by crypto analyst @Xfinancebull on X, reveals a position tied to the Grayscale XRP Trust, which has drawn renewed attention across the market as investors assess the scale and implications of the holding. The $18 Million Position Making Waves According to recent reports, Italian banking heavyweight Intesa Sanpaolo, a financial institution managing roughly $1.1 trillion in assets, expanded its cryptocurrency exposure substantially between late 2025 and the first quarter of....
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An Italian news site reports the shocking decision by the government of Italy to impose a 20% withholding tax on all inbound wire transfers to Italian citizens. All international payment systems linked to a bank account, such as PayPal, Western Union and, of course, bank wires will be affected. This brutal tax, combined with already steep fees on legacy money transmission methods, could claim up to a third of the value of international transfers. Citizens may contact the relevant bureaucracy to plead for the return of their money, provided they can prove it to be outside the category of....
The crypto economy has jumped back above the $2 trillion mark after falling below that value in mid-January. Statistics indicate that the USD value of all 12,440 coins across 544 crypto exchanges is worth $2.08 trillion, up 5.2% during the last 24 hours. Crypto Economy Moves Northbound Past the $2 Trillion Mark Digital currency values have increased a great deal during the last week which has, in turn, pushed the overall value of the entire crypto-economy northbound. This means more than $500 billion returned to the crypto economy after the market carnage in January. Statistics show on....
Miami Mayor Francis Suarez has revealed that he bought bitcoin and ether right after the $1.9 trillion stimulus bill passed the Senate, heading to President Joe Biden’s desk to be signed. He said bitcoin “is definitely going to go up … because I don’t think people are going to want to stay in dollar-denominated currencies.” Mayor Suarez is also working to make Miami a “crypto city.” Miami’s Mayor Personally Bought Bitcoin Miami Mayor Francis Suarez revealed at the 2021 Ethereal Summit last week that he purchased bitcoin right after the $1.9....
Ripple recently announced it would offer custody services to Intesa Sanpaolo — a deal that raised eyebrows when the Italian bank’s first-quarter filings showed it had quietly bought about $26 million worth of crypto through the Grayscale XRP Trust ETF in the same period. Related Reading: Crypto ATM Giant Bitcoin Depot Warns Of Possible Collapse […]