In the past seven days, $55.9 million worth of Ripple USD (RLUSD) stablecoins were burned, outpacing the $8.8 million minted, signaling reduced activity in June compared to May. Early June saw high RLUSD activity with $127.4 million minted on the first day, but the momentum slowed down as the month progressed. Despite quieter minting and burning, RLUSD expanded its ecosystem presence with new partnerships in Turkey, integration with Mastercard's settlement network, and support for cross-chain transfers via Wormhole. These developments suggest ongoing institutional interest and infrastructure growth for RLUSD despite the temporary dip in token activity.
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
Bitcoin held steady around $65,500 while Ethereum surpassed $1,900 for the first time since February, amid softer-than-expected inflation data that boosted stock markets. Despite geopolitical tensions with Iran, investors showed cautious optimism, wi...
Ripple executives urged the U.S. Senate to pass the CLARITY Act, warning that rejecting the bill would maintain regulatory gaps exposing crypto users to risks similar to the FTX collapse. The Act aims to clarify oversight by sharing authority between...
Bitcoin is recovering after a long downtrend, stabilizing around $65,000 and aiming to break key resistance levels at $68,500 and $74,500. Ethereum is performing better, approaching its 100-day EMA resistance near $1,944 with strong buying momentum. ...
The XRP Ledger's fixCleanup3_2_0 amendment has entered its final two-week activation countdown after securing 85.71% validator support, surpassing the required 80% threshold. This upgrade bundles multiple protocol fixes for lending, permissioned doma...
