XRP News Today: Scalable Infrastructure and Institutional Trust Fuel BlockDAG's Crypto Surge

The crypto market is undergoing a seismic shift as BlockDAG (BDAG) prepares for its listings on Coinbase and Kraken, with traders rapidly shifting capital away from XRP and TAO toward the emerging Layer‑1 project. With BlockDAG's presale nearing $430 million and a projected $600 million target ahead of its November 26 Genesis Day, the project is capturing investor attention with its hybrid Proof‑of‑Work/DAG architecture and EVM compatibility, according to a Cryptonewsland report. This momentum has triggered a sell‑off in XRP and TAO, as traders seek higher‑growth opportunities in BlockDAG's presale and impending exchange debut, TradingView reports.

The BlockDAG surge is part of a broader late‑2025 market realignment. Cardano (ADA) is eyeing a $1.30 price target amid DeFi expansion and Bitcoin cross‑chain integration, while Ethereum (ETH) has attracted $675 million in institutional inflows, led by Bit Digital's expanded ETH treasury, the Cryptonewsland report noted. Meanwhile, Kraken's recent $500 million funding round—backed by Apollo Global Management, Oppenheimer, and Jane Street—valued the exchange at $15 billion with plans for a 2026 IPO, Investing reported. The exchange has also rewarded employees with bonuses and a Caribbean retreat, signaling confidence amid a 114% Q3 revenue surge, CoinDesk reported.

Traders are increasingly favoring projects with scalable infrastructure and institutional credibility. BlockDAG's 2,000–15,000 TPS throughput, combined with CertiK and Halborn audits, has positioned it as a viable alternative to XRP, which faces regulatory uncertainty and a recent price reversal toward $1, as TradingView reported. Ripple's CTO clarified that the company's $1 billion XRP treasury is not earmarked for speculative use, further dampening bullish sentiment, according to TradingView. Similarly, TAO, a meme token that briefly reached $1.5 billion market cap, has lost traction as investors pivot to projects with clearer utility and technical foundations, Yahoo Finance reported.

Kraken's aggressive expansion, including the acquisition of NinjaTrader and Small Exchange, underscores the exchange's push into U.S.‑based derivatives, aligning with its IPO roadmap, as Investing noted. Coinbase, meanwhile, is also positioning itself for regulatory clarity, with CEO Brian Armstrong emphasizing urgency in advancing a market‑structure bill ahead of a Senate roundtable, CryptoNews reported. These developments highlight a maturing crypto ecosystem where institutional adoption and regulatory alignment are reshaping investor priorities.

As BlockDAG's Genesis Day approaches, the project's $0.0015 presale price—projected to jump to $0.05 on exchanges—has drawn 312,000+ holders and 3.5 million X1 app miners, the Cryptonewsland report states. Analysts note that the project's rank‑based unlock system and hybrid consensus model could drive early adopters to lock in gains, further accelerating the exodus from XRP and TAO. With Kraken and Coinbase listings imminent, BlockDAG is set to challenge Ethereum and Cardano as a top‑tier Layer‑1 platform in 2026, the report adds.

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