Watch CBS News
Updated on: October 1, 2025 / 11:55 AM EDT / CBS News
The ADP National Employment Report, a measure of private employment in the U.S., said on Wednesday that payrolls at private employers declined by 32,000 jobs last month, signaling the labor market continued to face headwinds in September. 
More attention may be given to the ADP data this week because the government’s monthly jobs report, scheduled for release on Friday, Oct. 3, could be delayed due to the government shutdown that began today, according to Oxford Economics. 
On Wednesday, the Bureau of Labor Statistics, which issues the federal monthly jobs report, noted in a statement that it has halted data releases “due to the suspension of Federal government services.” It added, “The last update to the site was Wednesday, Oct. 1, 2025. Updates to the site will start again when the Federal government resumes operations.”
The ADP report, which is based on payroll data from more than 26 million U.S. employees, comes as the U.S. economy expanded at a stronger-than-expected rate in the second quarter. At the same time, the government’s monthly jobs reports this summer have shown disappointing job growth as some businesses are holding off on hiring amid economic challenges such as tariffs and artificial intelligence.
“This is the latest data point signaling a fairly dramatic softening in labor momentum as companies aggressively dial back on hiring,” Adam Crisafulli, head of investment advisory firm Vital Knowledge, said in a report.
September’s ADP decline represents the largest since March 2023, according to Capital Economics. 
The government jobs report, issued by the Labor Department’s Bureau of Labor Statistics, is expected to show that employers hired 50,000 people last month, according to economists polled by financial data company FactSet. Given the government shutdown, it’s unclear whether the report will be issued Friday, or, if not, how long it might be delayed. 
The ADP report differs from the BLS monthly jobs report in that it only tracks employment at private businesses, while the government data covers both private employers and public sector hiring at local, state and federal levels. As a result, the two reports can differ significantly, and the ADP report doesn’t always foreshadow the BLS’ monthly data.
“Although there is only a passing correlation between monthly changes in the ADP measure of private payrolls and the official non-farm payrolls estimates, the plunge in the former in September is a concern, particularly since the government shutdown could delay the release of the official employment data,” Stephen Brown, deputy chief North America economist with Capital Economics, sad in a report Wednesday.
The Federal Reserve is scheduled to make its next interest-rate decision on Oct. 29, with most economists forecasting a cut of 0.25 percentage points, according to CME FedWatch. The Federal Reserve lowered its benchmark rate by that amount at its meeting last month, with Fed Chair Jerome Powell citing weaker labor market conditions as a reason for the move to ease borrowing costs.
“If the shutdown drags on, the weakness in the ADP will be all the Fed has to go on as it considers another rate cut at the FOMC meeting late this month,” Brown said. 
Most of the weakness last month was due to small and midsize businesses shedding jobs, while large employers — those with more than 500 workers — added 33,000 employees in September, ADP said. 
ADP also revised its August numbers downward to show that private businesses shed 3,000 jobs, versus its earlier estimate that companies had hired 54,000 employees that month.
Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Reports.
© 2025 CBS Interactive Inc. All Rights Reserved.
Copyright ©2025 CBS Interactive Inc. All rights reserved.

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In an industry overrun by hype, headlines, and half-baked predictions, separating signal from noise in crypto is harder than ever. Everyone wants to know the same thing: What’s the next big cryptocurrency to explode?
But with new coins launching daily, meme tokens going viral on Reddit, and projects claiming to revolutionize everything from banking to AI, even seasoned investors can feel lost.
Enter Best Wallet; the secure, non-custodial crypto app built to help users track trending tokens, filter scams, and discover early opportunities before the next big bull run begins.
By combining real-time data, curated watchlists, and in-app presales, Best Wallet gives users a more innovative way to scout the highest-potential cryptocurrencies, whether you’re chasing the next Solana, an AI gem, or a serious infrastructure play.
To find out what’s worth watching, and how to actually find it, the New York Post spoke with leading voices in the space. Here’s what they had to say, plus how you can get ahead using Best Wallet’s discovery tools.
Ask a dozen experts, and you’ll get a dozen answers, but just about every expert agrees on one thing: Utility beats hype.
“Infrastructure will bring the next actual change in crypto, not headlines,” said Juan Montenegro, founder of WalletFinder.ai.
He points to projects focused on modular execution, scalable consensus, and cross-chain interoperability as the real disruptors, not whatever meme coin you see trending this week on X or Reddit.
Montenegro isn’t alone. Across the board, analysts are watching platforms that solve complex technical problems or anchor themselves in real-world use cases — not the coins that scream the loudest on social platforms.
Best Wallet gives users an edge in this landscape by spotlighting coins tied to real fundamentals: trending GitHub activity, wallet-holder surges, smart contract audits, and more. Its scam filter, token scanner, and watchlist alerts cut through the noise and keep you from falling for the next rug pull.
1. Download Best Wallet: Start by downloading the app from the official website or your device’s app store.
2. Set Up Your Secure Wallet: Create your non-custodial wallet in minutes. No KYC required.
3. Use the Discovery Dashboard: Explore trending tokens, presales, alerts, and watchlists across multiple chains.
4. Customize Your Watchlist: Track coins tied to AI, RWAs, stablecoins, or NFT platforms — with real-time updates and social signals.
5. Enable Smart Alerts: Get notified on price action, whale activity, GitHub commits, and token unlocks.
6. Join In-App Presales and Testnets: Access exclusive early-stage opportunities from the comfort of one app.
7. Act on Verified Signals, Not Hype: With BW’s scam filter, token scanner, and curated insights, you can invest with confidence — not FOMO.
“The next big crypto will be niche-specific,” said Maksym Sakharov, co-founder of WeFi.
He sees a fragmented future where RWAs (real-world assets), staking tokens, and digital collectibles each have leaders rather than one coin to rule them all.
That’s echoed by Konstantins Vasilenko, co-founder of Paybis, who highlights stablecoins and tokenized financial assets. With the U.S. GENIUS Act providing regulatory clarity and institutions like Goldman Sachs and BNY tokenizing money market funds, mainstream adoption is accelerating rapidly.
Vasilenko notes that the stablecoin market cap sits around $252 billion, with tokenized Treasuries already between $6 billion and $ 7 billion and potentially reaching $20 billion in the near future.
“The next wave of digital assets won’t be driven by noise; it will be built by engineers solving for permanence, performance, and trust,” Montenegro added.
It’s exactly this type of token that Best Wallet helps you surface, not by guessing, but by tracking signals across GitHub, developer forums, smart contract deployments, and tokenomics data.
There’s no consensus, but a few names rise to the top, with Solana showing up in the conversation on repeat.
“Solana is making a serious play for the No. 2 spot,” said Jawad Ashraf, CEO of Vanar Chain.
He points to Solana’s low transaction fees, booming ecosystem, and growing institutional support — including a potential U.S. spot ETF, which could act as a major catalyst.
“The SEC asked issuers to refile spot SOL ETF applications by July 31, with the first final deadline reportedly Oct. 10,” said Vasilenko. This year “could be Solana’s institutional coming‑out party.”
Ashraf is also watching new chains like Sui and Aptos, which use the Move programming language, though he cautions that many so-called “Ethereum killers” have failed under pressure.
And of course, Ethereum remains the heavyweight contender.
“Ethereum is the innovation and settlement basis for the fastest-growing parts of crypto,” Vasilenko said.
Best Wallet lets users track Ethereum and Solana ecosystems side-by-side — comparing transaction fees, revenue flows, governance, and more — all from one unified dashboard.
“Focus on projects with real utility, strong teams, and transparent tech,” said Natalia Karayaneva, CEO of Propy.
She cites Chainlink as an example of real-world value, thanks to its secure, decentralized data feeds for smart contracts. Others agree — it’s not just about narratives, it’s about usage.
“Everything can crash in days, then bounce back just as quickly,” said Dominik Schiener, co-founder of the IOTA Foundation. “I look for teams that are transparent, committed, and capable of learning from mistakes.”
Sakharov recommends starting with a clear investment philosophy and watching team expertise, community strength, and regulatory positioning.
“Technology is important, but it’s often the community that drives a project’s success.”
In addition to price action, Best Wallet simplifies this with token profiles that include developer activity, presale access, governance design, and wallet-holder distribution.
“By the time a project trends on crypto Twitter, you’re too late,” warned Ashraf.
He recommends diving into institutional research, GitHub commits, and testnet participation to catch early-stage opportunities.
Karayaneva watches X (formerly Twitter), hackathons, and GitHub activity, while Sakharov uses social aggregators but focuses on signals from respected industry leaders.
Ashraf cross-references sources such as Coinbase Institutional, VanEck, and Messari, alongside blockchain explorers and foundation websites.
Best Wallet brings these sources into one place, from presale launchpads to real-time wallet alerts, so you’re not scrambling across 10 tabs to stay ahead.
You can scour Reddit threads and Discord channels, or you can filter smarter.
Ashraf digs into on-chain metrics, GitHub trends, and foundation sites to identify unusual activity. Sakharov watches social buzz, while Vasilenko tracks regulatory filings and institutional positioning.
Platforms like Token Terminal are useful for analyzing real usage, but Best Wallet connects that data to actual trading tools, portfolio tracking, and in-app alerts.
Everyone loves free crypto, but Ashraf says airdrops come with a warning: “Most airdrop hunting is just sophisticated begging.”
He recommends focusing on retroactive rewards, ecosystem incentives, and cross-chain bridge bonuses, citing Uniswap’s airdrop as a legitimate example.
“Follow project announcements directly, not airdrop aggregators,” he said.
Best Wallet alerts users to early-stage airdrops tied to in-app testnets, launchpad participation, and governance involvement not just “like and retweet” campaigns.
“RWAs and AI-blockchain projects have the most potential through 2025 and beyond,” Karayaneva said.
She sees promise in platforms like Maple (digital lending) and Robinhood’s crypto division. Others agree that AI-driven use cases — especially those tackling deepfakes and fraud — are positioned to lead.
Schiener adds that the winners will be those with clear use cases, regulatory alignment, and strong partnerships.
Sakharov sees potential in ETF-connected coins — Solana, XRP, Cardano, and Litecoin — and believes institutional liquidity could drive mid-term price growth.
Best Wallet users can track which tokens are tied to ETF filings, institutional inflows, and developer traction all before major headlines hit.
If you’re chasing short-term upside, AI infrastructure tokens lead the pack.
“AI-focused cryptocurrencies could see explosive growth,” Ashraf said, naming Bittensor, Render Network, and ASI.
But he warns that if the AI bubble bursts, 90% of these could crash. Only projects with real revenue and utility will survive.
Vasilenko calls Solana the “highest-beta bet among the majors,” citing “real revenues, rapidly growing user numbers, a booming ecosystem and a live U.S. spot ETF pipeline.”
Best Wallet’s smart alerts help users monitor volume spikes, whale movement, and market sentiment, which is ideal for identifying breakout coins before Reddit threads catch on.
Long-term, it’s not about noise; it’s about infrastructure.
“Crypto will move more and more into the background,” said Schiener. “It’ll become an invisible value layer powering open-source systems.”
Vasilenko says Ethereum remains the strongest long-term hold due to its developer feedback loop and infrastructure dominance.
Sakharov believes the long-term winners will be those solving real-world problems, navigating regulatory diversity, and showing consistent technical improvement.
With Best Wallet, users can build long-view watchlists, set alerts on infrastructure tokens, and analyze five-year token roadmaps all while maintaining self-custody.
AI is hot. But not all AI tokens are created equal.
“Blockchain is the logical answer to deepfakes,” said Karayaneva. “Its immutable ledger ensures verifiable, tamper-proof records of data authenticity.”
Sakharov names FET, Render, and Bittensor, while Ashraf highlights TAO, Inflectiv, and ASI are all building real computational infrastructure for the AI era.
“AI agent tokens will drive the next memecoin wave,” Ashraf added, “but their advantage is utility backing the speculation.”
Best Wallet lets users filter AI-tagged tokens, track computational benchmarks, and spot emerging narratives before they hit mainstream coverage.
The “next big crypto”? It’s not a single coin. It’s a moving target shaped by tech, regulation, and market momentum.
But with Best Wallet, you don’t have to guess. You can spot early trends, track real data, and act before the crowd catches on.
Whether you’re hunting the next meme coin, betting on AI infrastructure, or investing long-term in crypto with the most potential, Best Wallet helps you do it smarter and go harder.
The Best Wallet app puts security first with biometric logins, two-factor authentication, and full non-custodial control — so you hold your keys, not just your coins. With support for thousands of altcoins across 60+ blockchains, it pairs top-tier security with powerful, user-friendly tools — making it the safest, most innovative way to HODL, swap, and manage your crypto.
Coinbase is building a more inclusive financial future for over a billion people, enabling them to trade, stake, spend, and transfer crypto on a secure and trusted platform. It powers the on-chain economy with essential infrastructure, global access, and a commitment to fair, responsible innovation.
Kraken takes crypto security seriously, with FIDO2-compliant Passkey logins, encrypted communications, and customizable API permissions that keep your account firmly in your control. With no phone-based recovery, time-locked global settings, and real-time threat monitoring, it’s built to protect your assets at every layer.
Robinhood Crypto offers a user-friendly platform for trading and transferring digital assets, including the ability to securely and easily send and receive crypto to and from external wallets. With its self-custody Robinhood Wallet, it manages crypto holdings across multiple blockchains, including Ethereum, Bitcoin, and Solana.
Ledger is a leading provider of secure hardware wallets, offering devices like the Ledger Nano X and Ledger Stax that protect private keys offline using industry-leading Secure Element chips and a proprietary operating system. Paired with the Ledger Live app, manage over 5,500 digital assets, including cryptocurrencies and NFTs.
Crypto.com lets you buy, sell and trade over 400 cryptocurrencies, including Bitcoin and Ethereum, with zero-fee USD deposits, wire, and Apple/Google Pay. With a user base exceeding 140 million, the platform gives advanced trading options, a self-custodial wallet through Crypto.com Onchain, and industry-leading security certifications.
Uphold is a multi-asset trading platform that enables users to buy, sell, and swap over 360 cryptocurrencies, 27 fiat currencies, and four precious metals, all in a single step. With features like assisted self-custody via the Uphold Vault, staking rewards up to 16.8%, and real-time reserve transparency, it offers a secure and versatile experience for both beginners and seasoned investors.

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Watch CBS News
Updated on: October 1, 2025 / 12:26 PM EDT / CBS New York
An explosion rocked a New York City Housing Authority building Wednesday morning in the Bronx, causing an entire corner of the high-rise to collapse. 
Videos show a gaping hole in the side of the 20-story building and extensive damage all along Alexander Avenue in the Mott Haven section of the borough. At this point, amazingly, no injuries have been reported. 
Mayor Eric Adams visited the scene and joined officials for an update on what may have caused the blast. 
“We received reports of an incident involving the chimney to the boiler room here at NYCHA’s Mitchel Houses. This resulted in a partial building collapse,” the mayor announced. “We are extremely fortunate, at this time, we have no loss of life or no injuries.”
“This is an all-hands-on-deck moment, and we avoided a major disaster here,” Bronx Borough President Vanessa Gibson added. “Although there is a lot of cleanup, I’m so grateful that no one lost their life, no one is in the hospital, and that is important to be acknowledged.”
Gov. Kathy Hochul posted on social media that she was briefed on the situation and “relieved that no one was injured and grateful to our first responders.”
The explosion was reported around 8:10 a.m. Wednesday at 205 Alexander Ave., a residential high-rise in the Mitchel Houses. 
One witness said she saw the smoke after dropping her kids off at school and called 911. 
“The whole building just — you heard a loud boom, and the thing just exploded, and it fell down just like that,” she said. 
The blast sent bricks, air conditioning units and other debris raining down onto nearby buildings and the sidewalk below. Water also appeared to be bubbling up from the ground, possibly from a damaged pipe.  
“Somebody in the building next to me, they said that their window even fell, and it’s on the 16th floor,” said another witness who was inside with her son.
Firefighters could be seen digging through the rubble and using drones and dogs to make sure no one was trapped underneath.   
“Luckily, as the mayor said, no one was injured. We ran our dogs over this pile of bricks that is behind us, which is the structure that collapsed — it is a ventilation shaft connected to the boiler, which collapsed. We believe that’s where the explosion occurred,” FDNY Commissioner Robert Tucker said.
According to the most recent NYCHA data, the housing complex has approximately 3,500 residents in 1,730 units across 10 residential buildings. It was completed in 1966 and encompasses two city blocks from East 135th to 137th streets.   
Officials say F and G apartments inside the impacted building are being evacuated out of an abundance of caution. 
Adams said other residents are being allowed back inside, but the gas has been shut off for the entire complex and inspections are ongoing.
“Most importantly for all of us elected officials and community leaders here, we want to ensure that the structural integrity of this building here at Mitchel is maintained. There is a lot of concern, a lot of anxiety from the residents that live here at Mitchel about what happens in the long term,” said Gibson. “So over the next several hours, as inspectors are in the building, we will do everything possible to make sure that we minimize the disruption and the anxiety of the residents and the families here in this working class community.”    
Gibson pointed out the images were similar to a December 2023 collapse in the Bronx, when several tenants were displaced but incredibly no one was injured. 
The FDNY, Department of Buildings, NYCHA, Con Edison and several other agencies all responded to the scene Wednesday, and the Red Cross set up a support center for residents inside the Mitchel Community Center at 210 Alexander Ave. 
“Number one, the safety of the residents is of paramount importance. That’s the number one concern. We have building inspectors inspecting the foundation of the building and inspecting all of the apartments in the affected areas to make sure that the building is structurally sound for people that live on those wings,” Office of Emergency Management Commissioner Zach Iscol said.  
Iscol said anyone experiencing issues can call 311 or call NYCHA at 718-707-7771.
“Some demolition is going to take place today to remove the remnants of that chimney to get into the basement, and then to restore services — heat, hot water and cooking gas — to the campus,” he added. 
Meanwhile, several nearby streets remain closed, and drivers are facing heavy delays around the area.
Natalie Duddridge contributed to this report.
Renee Anderson is a digital producer at CBS New York, where she covers breaking news and other local stories. Before joining the team in 2016, Renee worked at WMUR-TV.
© 2025 CBS Broadcasting Inc. All Rights Reserved.
©2025 CBS Broadcasting Inc. All Rights Reserved.

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The Pennsylvania Lottery offers several draw games for those aiming to win big. Here’s a look at Tuesday, Sept. 30, 2025 results for each game:
04-08-27-37-63, Mega Ball: 14
Check Mega Millions payouts and previous drawings here.
Day: 6-1, Wild: 6
Evening: 2-7, Wild: 2
Check Pick 2 payouts and previous drawings here.
Day: 8-0-2, Wild: 6
Evening: 0-0-1, Wild: 2
Check Pick 3 payouts and previous drawings here.
Day: 7-1-3-4, Wild: 6
Evening: 4-1-0-6, Wild: 2
Check Pick 4 payouts and previous drawings here.
Day: 4-0-2-1-8, Wild: 6
Evening: 2-8-3-5-2, Wild: 2
Check Pick 5 payouts and previous drawings here.
29-34-37-50-56, Cash Ball: 01
Check Cash4Life payouts and previous drawings here.
04-25-29-32-42
Check Cash 5 payouts and previous drawings here.
01-09-15-16-29
Check Treasure Hunt payouts and previous drawings here.
07-11-21-24-25-40
Check Match 6 Lotto payouts and previous drawings here.
Feeling lucky? Explore the latest lottery news & results
Lottery Headquarters is currently not open to the public. Visit the PA Lottery website for other office locations near you.
This results page was generated automatically using information from TinBu and a template written and reviewed by a Pennsylvania editor. You can send feedback using this form.

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Cryptocurrencies: Bitcoin’s YTD Gains Hit 21% as Q3 Closes  ETF Database
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Watch CBS News
Updated on: October 1, 2025 / 12:05 PM EDT / CBS New York
An explosion rocked a NYCHA building Wednesday morning in the Bronx, causing an entire corner of the high-rise to collapse. 
Videos show a gaping hole in the side of the 20-story building and extensive damage all along Alexander Avenue in the Mott Haven section of the borough. At this point, amazingly, no injuries have been reported. 
Mayor Eric Adams visited the scene and joined officials for an update on what may have caused the blast. 
“We received reports of an incident involving the chimney to the boiler room here at NYCHA’s Mitchel Houses. This resulted in a partial building collapse,” the mayor announced. “We are extremely fortunate, at this time, we have no loss of life or no injuries.”
“This is an all-hands-on-deck moment, and we avoided a major disaster here,” Bronx Borough President Vanessa Gibson added. “Although there is a lot of cleanup, I’m so grateful that no one lost their life, no one is in the hospital, and that is important to be acknowledged.”
Gov. Kathy Hochul posted on social media that she was briefed on the situation and “relieved that no one was injured and grateful to our first responders.”
The explosion was reported around 8:10 a.m. Wednesday at 205 Alexander Ave., a residential high-rise in the Mitchel Houses. 
One witness said she saw the smoke after dropping her kids off at school and called 911. 
“The whole building just — you heard a loud boom, and the thing just exploded, and it fell down just like that,” she said. 
The blast sent bricks, air conditioning units and other debris raining down onto nearby buildings and the sidewalk and street below. Water also appeared to be bubbling up from the ground, possibly from a damaged pipe.  
“Somebody in the building next to me, they said that their window even fell, and it’s on the 16th floor,” said another witness who was inside with her son.
Firefighters could be seen digging through the rubble and using drones and dogs to make sure no one was trapped underneath.   
“Luckily, as the mayor said, no one was injured. We ran our dogs over this pile of bricks that is behind us, which is the structure that collapsed — it is a ventilation shaft connected to the boiler, which collapsed. We believe that’s where the explosion occurred, but that’s going to be for our fire marshals and the NYPD and all of our investigative partners to investigate and explore,” FDNY Commissioner Robert Tucker said.
According to the most recent NYCHA data, the housing complex has approximately 3,500 residents in 1,730 units across 10 residential buildings. It was completed in 1966 and encompasses two city blocks from East 135th to 137th streets.   
Officials say F and G apartments inside the impacted building are being evacuated out of an abundance of caution. 
Adams said other residents are being allowed back inside, but the gas has been shut off for the entire complex and inspections are ongoing.
“Most importantly for all of us elected officials and community leaders here, we want to ensure that the structural integrity of this building here at Mitchel is maintained. There is a lot of concern, a lot of anxiety from the residents that live here at Mitchel about what happens in the long term,” said Gibson. “So over the next several hours, as inspectors are in the building, we will do everything possible to make sure that we minimize the disruption and the anxiety of the residents and the families here in this working class community.”    
The FDNY, Department of Buildings, NYCHA, Con Edison and several other agencies all responded to the scene, and the Red Cross set up a support center for residents inside the Mitchel Community Center at 210 Alexander Ave. 
“Number one, the safety of the residents is of paramount importance. That’s the number one concern. We have building inspectors inspecting the foundation of the building and inspecting all of the apartments in the affected areas to make sure that the building is structurally sound for people that live on those wings,” Office of Emergency Management Commissioner Zach Iscol said.  
Iscol said anyone experiencing issues can call 311 or call NYCHA at 718-707-7771.
“Some demolition is going to take place today to remove the remnants of that chimney to get into the basement, and then to restore services — heat, hot water and cooking gas — to the campus,” he added. 
Meanwhile, several nearby streets remain closed, and drivers are facing heavy delays around the area.
Natalie Duddridge contributed to this report.
Renee Anderson is a digital producer at CBS New York, where she covers breaking news and other local stories. Before joining the team in 2016, Renee worked at WMUR-TV.
© 2025 CBS Broadcasting Inc. All Rights Reserved.
©2025 CBS Broadcasting Inc. All Rights Reserved.

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October 1, 2025 Rhoda Gistlover Daily Travel and Scholarships Tips 0
The U.S. Embassy has paused its routine social media activity in response to the U.S. government shutdown.
GistReel previously reported that the federal government shut down on October 1, 2025, following disagreements between political parties over budget allocations. This is the first shutdown in six years. As of now, President Donald Trump has not commented publicly, and the White House has yet to issue an official statement.
The embassy in Ghana explained on its X account that the temporary halt in regular social media posts is due to a lapse in appropriations. This affects updates on Facebook, X, and Instagram, which will remain limited until normal operations resume.
However, the embassy noted that these platforms will still be used to share urgent safety and security alerts.
The announcement also confirmed that scheduled passport and visa services in the U.S. and at embassies and consulates abroad will continue despite the shutdown, as operational conditions allow.
A statement from the embassy reads:
“Due to the lapse in appropriations, the U.S. Embassy’s Facebook, X, and Instagram accounts will not receive regular updates until full operations resume, except for urgent safety and security messages. Scheduled passport and visa services in the United States and at U.S. Embassies and Consulates overseas will continue as the situation permits.”
See post below:
Copyright © 2025 Gistlover Media. All Rights Reserved

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By Isabella Flores
Key Takeaways:
David Schwartz, one of the most recognizable names in the crypto industry, is preparing to scale back his day-to-day duties at Ripple. After more than a decade leading the company’s technology vision, he announced via X that he will step down as CTO later this year. Yet, far from retiring, Schwartz plans to continue shaping Ripple’s future, this time as CTO Emeritus and a member of its Board of Directors.

The time Schwartz has spent with Ripple can be traced to 2011, when he became one of the cryptographers. Together with co-founders Arthur Britto, Jed McCaleb and Chris Larsen, he was involved in designing and coding the XRP Ledger (XRPL), which is currently one of the most popular blockchain platforms in the world.
In 2018, he became the Chief Technology Officer where he led the strategy of Ripple around blockchain scalability, cross-border payments and ecosystem building. During his tenure, Ripple increased its footprint in dozens of countries, made high-profile banking deals, and advanced the argument in favor of regulatory clarity in crypto assets.
Schwartz has a rare dual reputation in the industry, as both a trailblazer in blockchain architecture as well as a face to clarify the ins and outs of crypto with a clear explanation. His departure from the CTO role marks the end of an era for Ripple.
Read More: Ripple’s $125M Crypto Clash With SEC Paused Again — Massive XRP Shake-Up by August 15?
In his announcement, Schwartz struck a personal tone. Looking back at a 40-year career starting with a contract with the U.S. National Security Agency (NSA), and transitioning into crypto, he declared that it was time to redraw priorities:
“I’ve spent more than 13 years at Ripple. It’s been one of the greatest honors and experiences of my life, second only to my family. The time has come for me to step back from my day-to-day duties at the end of this year. I’m looking forward to more time with my kids and grandkids and returning to hobbies I set aside.”
Nevertheless, this was not a goodbye as Schwartz clarified. He stressed that he still loved practical coding, operating XRPL nodes and helping builders within the ecosystem.

Schwartz will not walk away, but he will shift to CTO Emeritus, a high-level advisory position that will enable him to guide the new generation of Ripple engineers. Also, Ripple co-founder Chris Larsen offered him a spot on the Board of Directors, which Schwartz took.
This will help Ripple save his strategic acuity and leave the daily technical management to others, including Dennis Jarosch, Ripple SVP of Engineering, who will have an increasingly significant role in the future.
This appointment to the board will provide Schwartz with an avenue through which he can further shape the long-term mission of Ripple: to promote the use of blockchain in finance and to promote responsible regulation.
Read More: Ripple Transfers $477M in XRP, Is a Major Deal Brewing Behind the Scenes?
The XRP ecosystem is buzzing with expectations for spot ETF approvals. The REX-Osprey XRP ETF (ticker XRPR) is already trading in the U.S., and others including proposals from Bitwise, 21Shares, and WisdomTree, await SEC clearance. 
With SEC generic listing standards in place, the process is expected to accelerate.
Ripple’s stablecoin RLUSD, pegged 1:1 to the U.S. dollar, is gaining traction. Major exchanges such as Bybit have added RLUSD trading pairs (XRP/RLUSD, ETH/RLUSD, BTC/RLUSD). Recent attestation reports by Deloitte validate RLUSD’s reserves and transparency.
Isabella Flores
Blockchain Adoption Reporter
Isabella specializes in tracking how blockchain technology is transforming industries worldwide. She previously worked as a business analyst for a fintech startup before pivoting to journalism. Her pieces explore the real-world applications of blockchain, from supply chain to healthcare. Isabella is passionate about highlighting underrepresented use cases in the crypto space.
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Colorado Lottery Mega Millions, Pick 3 Midday results for Sept. 30, 2025  Yahoo
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New Mexico Lottery Mega Millions, Pick 3 Day results for Sept. 30, 2025  Yahoo
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