Key Crypto Developments of the Day: Coinbase Influences, Buterin’s New Digital ID System, and XRP’s Price Surge

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Cointelegraph brings you the latest happenings in the crypto world today. In top news, Coinbase has made it to TIME’s 100 Most Influential Companies list, while Ethereum’s Vitalik Buterin introduces a unique digital identity system called “pluralistic identity.” In the meantime, Ripple’s XRP sees a price surge following an update from CEO Brad Garlinghouse on the ongoing SEC legal dispute.

Coinbase Features in TIME’s Prestigious 100 Most Influential Companies List
Crypto exchange giant Coinbase has been honored as one of the top influential companies of 2025 by TIME, a prominent US news outlet. The company was recognized as a “disruptor” and a significant player in crypto industry policy advocacy. TIME mentioned in its write-up about Coinbase, “The company, which in May became the first crypto stock to be added to the bellwether S&P 500 index, is a key driver of the industry’s policy efforts in Washington D.C. Should industry-friendly bills pass, Coinbase is poised to become an even larger hub for US crypto activity.”

Vitalik Unveils ‘Pluralistic’ IDs for Enhanced Privacy in Digital Identity Systems
Ethereum’s co-founder Vitalik Buterin has launched a novel digital identity system, “pluralistic identity,” arguing for its potential to safeguard privacy while promoting equitable participation in the digital realm. In a recent blog post, Buterin examined the prospects and challenges of zero-knowledge (ZK) proof-wrapped IDs. He cautioned that even privacy-centric systems can pose severe risks if they strictly enforce one identity per individual.

XRP Boosts 3% After Garlinghouse Announces Ripple Dropping SEC Cross-Appeal
XRP’s price escalated over 3% on Friday shortly after Ripple Labs’ CEO Brad Garlinghouse announced the company’s decision to drop its cross-appeal against the US Securities and Exchange Commission (SEC). He also anticipates that the regulator will follow suit. “Ripple is dropping our cross-appeal, and the SEC is expected to drop their appeal, as they’ve previously said,” stated Garlinghouse. XRP, the cryptocurrency linked with Ripple Labs, soared 3.36% to $2.18 merely hours after the announcement, according to CoinMarketCap data.

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