Coinbase and Ripple have secured licenses in Luxembourg granting them EU-wide access under the new MiCA regulations, which took effect July 1. This regulatory shift forced Binance and other unlicensed platforms to reduce services, creating an opportunity for licensed exchanges to attract migrating customers. Coinbase incentivized transfers from non-compliant platforms with a 5% bonus, while Ripple's authorization allows it to expand regulated payment and stablecoin services across Europe. The changes also open space for stablecoins like USDC and RLUSD as USDT faces restrictions, potentially impacting regional revenues and crypto adoption in the EU market.
A recent chart analysis of XRP indicates it is in a phase called manipulation, following an initial expansion phase. This pattern resembles an earlier rally phase, which some traders interpret as a bullish sign. However, this is a technical reading a...
The Binance Scarcity Index for XRP has reached its highest level since 2022, indicating fewer XRP tokens are available for trading on the exchange. On November 4, Binance experienced a significant withdrawal of 418.5 million XRP tokens, marking its l...
On November 4, Binance recorded an outflow of 418.5 million XRP tokens, the largest single-day withdrawal in about nine months, valued at approximately $540 million. This outflow surpassed a previous large withdrawal of 315 million XRP on October 29....
The XRP Ledger's native lending system proposal has reached 60% validator approval, with 21 out of 35 validators supporting it. This upgrade, known as XLS-66, would enable fixed-term loans on-chain using pooled digital assets, expanding XRPL's use be...
XRP is experiencing a sharp increase in short positions, rising over 650%, as its price falls below key support levels toward $1. Despite this bearish momentum, on-chain data shows significant whale accumulation and a reduction in XRP supply on excha...
