Today’s Headlines:

Ripple CEO warns of rising scams as XRP surges

PayPal launches global platform rivaling stablecoins

Goldman and BNY tokenize money market funds

Fosun debuts multi-currency tokenized fund in Hong Kong

Takashi Murakami returns with NFT trading cards on Base

Tether expands blockchain tools to combat child exploitation

FTX announces next payout for creditors

Morocco trials CBDC for cross-border and retail payments

Daddy Tate memecoin rebounds after hitting all-time low

UAE adds yachts to growing list of crypto-enabled services

 

The Crypto Radio LIVE has just launched across platforms, bringing you the hottest topics of the day wherever you are. Tune in weekdays at 1pm GST – Dubai time – for daily news in a brand new format.

Below is a breakdown of everything we covered today – Thursday July 24, 2025 – from US to Morocco and pop art to yachts. Make sure you tune in again tomorrow on YouTube and X to catch the news as it happens.

Ripple CEO warns of rising scams as XRP surges

Ripple CEO Brad Garlinghouse has issued a fresh warning to crypto users after a spike in scam activity targeting XRP holders. In a post on X, he said fraudsters are impersonating Ripple’s official YouTube channel to promote fake giveaways. These scams often hijack high-follower YouTube accounts and rebrand them with Ripple’s logos and misleading videos.

Like clockwork, with success and market rallies, scammers ramp up their attacks on the crypto community -- PLEASE BEWARE of the latest scam targeting the XRP family on @YouTube and impersonating @Ripple’s official account! We will keep reporting these - please do the same.

As… https://t.co/WodO4ZUyW9

— Brad Garlinghouse (@bgarlinghouse) July 23, 2025

The warning comes as crypto scam losses hit $2.1 billion in just the first half of 2025 – already surpassing all of last year. Garlinghouse stressed that Ripple never runs giveaways or asks users to send funds. Meanwhile, XRP itself surged to $3.66 this week – just shy of its 2018 record – before retreating slightly.

Analysts warn that price rallies often bring a wave of opportunistic scams, and users should be especially cautious. Security firm Scam Sniffer also noted a rise in Punycode attacks and fake Google ads mimicking real crypto sites.

PayPal launches global platform rivaling stablecoins

PayPal has rolled out a major new product: PayPal World, a cross-border platform connecting over 2 billion users through systems like UPI (India), WeChat Pay (China), Mercado Pago (Latin America), and Venmo (US). The tool lets users send and receive payments across these services without needing crypto – or even a new account.

Although it doesn’t use blockchain, PayPal World offers similar benefits to stablecoins: fast settlement, low fees, and multi-currency support. Some analysts are calling it a “stablecoin killer” built entirely on fiat rails. It’s a big move toward financial inclusion, but also a challenge to crypto projects trying to solve the same problems. The message from PayPal? Users want convenience first.

Goldman and BNY tokenize money market funds

Wall Street is going on-chain. Goldman Sachs and BNY Mellon have announced tokenized money market funds for institutional clients. These funds will run on Goldman’s private blockchain and allow real-time, 24/7 access to low-risk investments – something not possible with traditional settlement rails.

BNY Mellon clients will be able to view and manage these assets through the bank’s digital platform. The effort involves major partners including BlackRock, Fidelity, and Federated Hermes. For now, it’s aimed at large institutions – but it’s another signal that blockchain infrastructure is quietly reshaping traditional finance.

Fosun debuts multi-currency tokenized fund in Hong Kong

Hong Kong’s tokenization push continues as Chinese conglomerate Fosun launches a multi-currency digital fund platform, including the world’s first renminbi-denominated tokenized fund. The platform also supports USD, EUR, and HKD.

This move reinforces Hong Kong’s role as a hub for digital finance innovation, and it marks a rare global expansion of the renminbi into blockchain-based markets. By offering a way to invest directly in local currencies, the platform adds flexibility for investors – and deepens China’s influence in digital capital flows.

Takashi Murakami returns with NFT trading cards on Base

Takashi Murakami’s latest NFT drop, 108 Flowers Revised, brings his iconic art style to Coinbase’s Base app. Photo: Wikimedia Commons / Citlalivargasss

Legendary Japanese artist Takashi Murakami is back on the blockchain. His new NFT series, 108 Flowers Revised, is a digital trading card drop inspired by his earlier physical work. The mint begins July 31 via Base, Coinbase’s new “superapp” for crypto, trading, and social features.

Murakami first entered NFTs during the 2021 boom and later collaborated with Nike’s now-shelved RTFKT project. This latest drop follows a rebound in NFT market activity, with total value recently stabilizing above $6 billion. With Base gaining momentum, Murakami’s name could help bring new collectors into digital art.

Tether expands blockchain tools to combat child exploitation

Tether is deepening its partnership with global hotline network INHOPE to combat online child sexual abuse. The initiative includes upgraded compliance tools to detect suspicious USDT transactions and freeze funds in real time.

Tether says it has already blocked over $2.7 billion in total – $225 million of which was directly linked to child exploitation or romance scams. It now collaborates with 57 hotlines across 52 countries, as well as crypto exchanges and law enforcement agencies.

This move showcases how blockchain transparency can be a powerful tool for public good – going far beyond speculation or payments.

FTX announces next payout for creditors

FTX’s bankruptcy estate has announced its third major payout round for 2025. Creditors eligible for Class 5, Class 6, and Convenience Claims must register by August 15 to receive funds in the September 30 distribution.

This follows a court-approved decision to release $1.9 billion in previously disputed assets. Payments will be facilitated via BitGo, Kraken, and Payoneer. Approximately $470 million in other claims remain frozen due to legal complications.

If you’re still owed money by FTX, this could be your chance to recoup some of it – provided your claim is verified and you’ve completed KYC.

Morocco trials CBDC for cross-border and retail use

Morocco is piloting a digital currency, the e-dirham, to improve payment systems and reduce remittance costs. Photo: Unsplash / Sergey Pesterev

Morocco’s central bank is stepping into digital currency with a pilot project for the e-dirham, a central bank digital currency (CBDC). The trial explores both wholesale and retail use cases, aiming to improve interbank efficiency and lower costs for consumers – especially for remittances.

The move comes as African and MENA countries explore CBDCs to retain monetary sovereignty amid growing crypto and stablecoin use. For Moroccan families receiving money from abroad, this could eventually mean faster and cheaper transfers.

Daddy Tate coin rebounds after record low

Solana-based memecoin Daddy Tate ($DADDY) has bounced more than 10% in the past 24 hours after falling to a new all-time low earlier this month. The rebound appears to be driven by a short squeeze and renewed buzz around Andrew Tate’s legal saga – he has reportedly left Romania following court restrictions.

Top wallets still hold a significant share of the token’s supply, and low liquidity is amplifying price swings. The $DADDY rally is a reminder that memecoins can move wildly based on personality-driven hype – not fundamentals.

UAE adds yachts to growing list of crypto-enabled services

Luxury yacht maker Gulf Craft is now accepting crypto payments in the UAE and Bahrain, working with licensed fintech provider ARP Pay. The move expands crypto’s role in mainstream commerce, especially for high-value items.

The UAE already accepts stablecoins for some government services, court fees, and travel. Now, with yachts in the mix, the region is solidifying its position as a crypto-forward jurisdiction with practical use cases – not just hype.