Anthony, the host of the Wall Street Bull show, placed Mastercard's reported participation in an XRP Ledger hackathon at the center of a wide-ranging crypto briefing that also covered Bitcoin's sharp rebound, a sudden price move in VeChain, and the slow progress of U.S. market-structure legislation.

According to the host, Mastercard is expected to join a 36-hour XRP Ledger hackathon in New York beginning October 24, ahead of Ripple's Swell conference the following week. Swell is Ripple's long-running annual conference, held since 2017, and has historically served as a stage for the company's product and partnership announcements. The event is said to include development tracks for protocol innovation, agentic finance, and lending and borrowing — themes that align with work already under way in the XRPL developer ecosystem, which runs grant programs for builders and has hosted prior hackathons, with native lending features among proposals on the ledger's development agenda.

Mastercard mention adds to XRP's institutional narrative

Anthony described Mastercard's involvement as "very, very bullish," arguing that it could bring more developer attention to the XRP Ledger. The video did not provide a statement from Mastercard or further details on the company's specific role in the event. Any involvement would extend an established pattern rather than mark a first step into digital assets: Mastercard acquired blockchain-analytics firm CipherTrace in 2021, supports crypto-linked card programs with platform partners, and launched its Crypto Credentials service in 2023 for verified blockchain transactions.

XRP was cited at roughly $1.42 on the presenter's watchlist, while a separate price-analysis segment referred to XRP holding near $1.45 and identified $1.65 as a potential breakout level. That discrepancy was not addressed in the video. The host said traders remain focused on whale positioning, liquidation pressure, and whether XRP can clear resistance near $1.60.

He also highlighted a reported $28 million in XRP held across ETF-related products from Bitwise, Franklin, and Canary, though no source documentation was shown during the segment. All three asset managers had spot XRP exchange-traded fund applications pending at the SEC at the time, part of a wider queue of institutional XRP products awaiting regulatory decisions.

Bitcoin rebound and Clarity Act process remain key market signals

Bitcoin was presented as trading just below $80,000, following what the host described as a roughly 26% weekly advance. He cited chart commentary suggesting Bitcoin had broken above its 200-day moving average with immediate follow-through, a technical development often watched as confirmation of a breakout.

Market conditions were described as "extreme greed," with the CoinMarketCap fear-and-greed reading at 80 and reported daily ETF inflows of $412 million. The host nevertheless cautioned viewers against leverage, noting that rapid crypto gains can reverse just as quickly.

On regulation, the video focused on a planned September 15 Senate cloture vote tied to the Clarity Act. The host stressed that the vote would begin a legislative process rather than deliver final passage, with amendments and further votes still required — an accurate description of cloture, the Senate's mechanism for limiting debate so a bill can advance to the floor. The underlying legislation cleared the House on a bipartisan 294-134 vote in July 2025; it would split oversight of digital assets between the SEC and the CFTC and set rules for when a token is treated as a security versus a commodity.

Source: DailyCoin