The recent sharp drop in XRP looks like it was a derivatives-driven leverage flush, not a structural breakdown. While Bybit experienced a complete open interest reset, elevated risk remains on Binance, signaling a localized divergence in market exposure.

Vietnam's State Securities Commission (SSC) vice chairman has described crypto assets as "a new pillar" of the country's digital economy, as the SSC and Ministry of Finance roll out a five-year pilot framework targeting an official domestic trading platform launch as early as Q3 2026.

VanEck's Matthew Sigel anchors to Bitcoin's four-year cycle while Strategy's Michael Saylor sees a bottom already forming at $60,000, but both arrive at the same conclusion: the current drawdown is a rotation event, not a verdict on Bitcoin's long-term role in portfolios.

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