Ripple CEO Brad Garlinghouse remains bullish on bitcoin but criticized Michael Saylor's preferred-stock funding strategy used by Strategy to buy bitcoin. He called the approach "financial engineering" that distracted the market and pointed to the Strategy's preferred stock (STRC) falling 25% below par as evidence of its failure. The STRC stock, designed to trade near $100 with an 11.5% dividend, hit a record low amid bitcoin's drop below $59,000. Garlinghouse argued that true value comes from usefulness, not financial engineering, and said Saylor's focus hurt the broader crypto market. Strategy has paused issuing preferred shares due to the stock's decline and thinning dividend coverage, though some analysts see the model as less efficient rather than broken.
XRP has experienced a tough first half of 2026, losing nearly 50%, but technical charts indicate a potential breakout. The token is currently in a descending wedge pattern, signaling late-stage accumulation, supported by bullish RSI divergence and st...
XRP is trading within a tightening wedge pattern around $1.08, indicating a potential major breakout soon. The cryptocurrency has shown improving stability with buyers defending support between $1.00 and $1.05, forming higher lows despite limited bul...
XRP is displaying early signs of a potential bullish trend after a tough month that left it down 41% year-to-date. On-chain data reveals a deleveraging phase similar to the one before its 2024 rally, when XRP surged 790%. Large investors, or whales, ...
XRP is holding steady around the $1.06 mark despite growing attention on multi-token exchange-traded funds (ETFs) moving to other assets. This suggests that while the broader crypto market is exploring diverse ETF options, XRP's price remains relativ...
Ripple Payments Europe has been added to ESMA's MiCA register, allowing it to offer regulated crypto asset and stablecoin payment services across 29 EU countries. This follows Ripple's earlier approval in Luxembourg and complements its electronic mon...
