Grayscale's research head Zach Pandl highlighted that XRP spot ETFs might absorb 5-6% of XRP's circulating supply, similar to Bitcoin and Ethereum's ETF adoption. This means a significant portion of XRP could be held in ETF custody, reducing liquid supply and potentially causing sharper price moves during demand surges. Institutional interest is rising, with Morgan Stanley disclosing XRP ETF holdings, indicating a shift towards long-term institutional investment. If this trend continues, XRP's market dynamics may shift from demand growth to supply availability concerns.
XRP recently dropped sharply, with trading volumes rising 56% and year-to-date losses at 33%. Despite geopolitical tensions and market fear, XRP ETFs have seen 21 consecutive days of net inflows, signaling continued investor interest. The critical su...
Bitcoin's price fell toward $65,000 as the cryptocurrency market experienced significant stress, including over $1 billion in liquidations and large outflows from Bitcoin and Ethereum ETFs. Data shows 202,991 traders liquidated in 24 hours, with $519...
Senator Bernie Sanders introduced a bill to impose a one-time 50% tax on stocks of the largest AI companies, aiming to create an American AI Sovereign Wealth Fund that would give the public ownership and influence over AI development. Sanders argues ...
Most major cryptocurrencies saw price declines, led by Ethereum dropping 4.67% and Bitcoin falling 2.10%. Other notable losses include Binance Coin down 5.49% and Solana down 5.06%. Some smaller tokens showed gains, but the overall market trend was n...
Bitcoin stabilized around $66,000 after falling about 18% from $81,000 amid a tough selloff. A stronger-than-expected ADP jobs report showing 122,000 new private-sector jobs in May helped pause the decline by suggesting the economy isn't collapsing, ...
