Jim Rickards, a key figure in the creation of the PetroDollar system, discussed Iran's reported use of cryptocurrency to collect tolls on oil tankers passing through the Strait of Hormuz. He suggested Iran could be using Bitcoin, Tether, or Ripple for these payments but emphasized that the tolls are still priced in US dollars, meaning the dollar system remains central. Rickards also highlighted the irony of Iran possibly using Tether, a stablecoin with ties to US investors, to circumvent US sanctions. Ripple was noted for its fast, low-cost settlement capabilities, making it a plausible option for such transactions, though its actual use by Iran is unconfirmed.
The XRP Ledger has surpassed 8 million activated accounts, marking steady growth since March 2026. However, daily active addresses have declined to a 2026 low of 25,350, indicating less frequent user engagement despite overall adoption. XRP's price f...
XRP surged about 4% to $1.11 following a broader crypto market rebound triggered by softer U.S. inflation data. Technical signals suggest a bullish inverse head and shoulders pattern, with potential for a 20% price increase if XRP breaks the $1.12–$1...
XRP whale activity has increased alongside a notable drop in Binance's XRP reserves, falling from 2.80 billion to 2.61 billion tokens. Withdrawal transactions on major exchanges like Coinbase, Binance, and Bybit have surpassed deposits, indicating la...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
