Bitcoin and Ether exchange-traded funds (ETFs) experienced significant outflows on May 28, with Bitcoin ETFs losing $228.9 million over nine consecutive days and Ether ETFs shedding $121.4 million across 13 days, signaling weak institutional demand. Blackrock's IBIT led Bitcoin ETF outflows with $177.94 million withdrawn. In contrast, smaller altcoin ETFs such as XRP, HYPE, and Solana attracted modest inflows, showing selective investor interest beyond the major cryptocurrencies. The overall market remains cautious, with combined outflows from Bitcoin and Ether ETFs totaling $350.23 million, while altcoin ETFs provide some balance with steady, though smaller, inflows.
Ripple has teamed up with Stripe-owned Privy to integrate XRP and RLUSD wallet tools directly into apps on the XRP Ledger. This partnership allows developers to create and manage wallets programmatically, supporting stablecoin payments without users ...
XRP is showing strong bullish signals with a long-term technical pattern suggesting a breakout above $3.60 could lead to a price surge toward $8. Simultaneously, Evernorth, a major treasury fund, plans to actively support XRP's value through lending ...
Privy, owned by Stripe, now allows developers to integrate XRP Ledger (XRPL) wallets directly into their apps, simplifying user access by eliminating seed phrases and browser extensions. This integration supports XRP, Ripple's RLUSD stablecoin, AI ag...
Bitcoin traded around $83,200, showing relative strength as major altcoins like Ethereum, XRP, and Solana fell between 1.3% and 11.9% over the week. This resilience is attributed to Bitcoin's regulated fund investor base, unlike altcoins which face f...
Asian semiconductor stocks, especially in South Korea, dropped sharply, causing about $803 million in leveraged crypto liquidations, mainly from bullish positions. This selloff showed how crypto platforms are increasingly used for leveraged bets on t...
