Ripple CTO Emeritus David Schwartz rejected claims that the XRP Ledger (XRPL) is a "ghost chain" dominated by bots and automated transactions. He emphasized that XRPL's low transaction fees encourage both high-value and low-value activities, which is a feature rather than a flaw. The ledger supports a wide range of uses including tokenized real-world assets worth about $458 million and represented assets valued at $4.06 billion. Additionally, AI agents have conducted over 4.8 million transactions on XRPL, using XRP and RLUSD for digital service payments, showing the network's expanding role beyond traditional human payments. Schwartz also noted minor network disruptions unrelated to XRPL itself, underscoring the platform's overall stability.
XRP's price fell 6.45% over the past week, underperforming top cryptocurrencies due to expectations of a Federal Reserve rate hike and uncertainty around the Senate's CLARITY Act vote. The token faces technical resistance near $1.34 and $1.40, with k...
Ripple has upgraded its $1 billion-acquired Ripple Treasury platform by integrating GSmart AI agents to assist with liquidity management, cash flow forecasting, reconciliation, and risk assessment. These AI agents provide recommendations but require ...
Bitcoin dropped nearly 2% below $77,000 after U.S. Producer Price Index data showed a 5.4% year-over-year increase, slightly above expectations. This fueled market bets on a 74% chance of a Federal Reserve rate hike in mid-September. Other cryptocurr...
XRP has risen about 30% over the past month, trading between $1.35 and $1.38 with a market cap near $85 billion. This surge is driven by 11 consecutive days of positive inflows into U.S. spot XRP ETFs, totaling $1.68 billion, and the conclusion of Ri...
Bitcoin's recent price bottom may have been accumulated gradually by a single whale or a small group of large buyers, according to analyst Willy Woo. This is based on an unprecedented anomaly in Bitcoin's HODL Wave data, which tracks how long coins r...
