Ripple CEO Brad Garlinghouse highlighted the Dutch central bank's recent transfer of 86 tonnes of gold to illustrate how traditional financial systems rely heavily on physical location and custody, causing delays. He argued that cryptocurrencies offer a faster, cheaper, and more secure way to transfer value globally without physical movement. Garlinghouse compared this to Germany's four-year gold transfer process and emphasized that digital assets can improve financial infrastructure by eliminating location-based constraints. This discussion aligns with ongoing debates about crypto's potential to replace gold as a strategic reserve asset, with Binance's CZ noting that such a shift would take time due to established gold systems.
XRP is trading near $1.30, down over 7% in the past week, with $1.30-$1.32 identified as key support. Analysts suggest a breakout above this range could push XRP toward $1.87, but a failure to hold support might see prices drop to $1.16 or lower. Ris...
Bitcoin's price increased by 0.31% to $81,801, standing out as the only major cryptocurrency to gain amid a 2.75% drop in the total crypto market value to $2.76 trillion. Ether, XRP, BNB, Solana, and Dogecoin all saw declines, with Dogecoin experienc...
On October 17, open interest in crypto derivatives fell across five major assets, with Solana experiencing the largest drop of 6.59% to $895 million. Bitcoin maintained the highest open interest at $7.62 billion despite a 1.50% decline, while Ether h...
Bitwise's XRP ETF has reached $541 million in net assets as of October 17, with total investor inflows since launch hitting $684.73 million. This reflects growing institutional interest in regulated crypto investment products, allowing investors to g...
XRP is currently trading above a key support level of $1.25, holding steady around $1.29 as of October 17. Technical analysis suggests that if XRP falls below $1.25, it could potentially decline further to $0.80. The chart also shows a possible doubl...
