Stuart Alderoty, Ripple's legal chief, highlighted that 67 million Americans now own cryptocurrency, making crypto holders a significant political group rather than a fringe minority. This challenges outdated views of crypto users and underscores the need for clear federal regulations as the Senate debates the CLARITY Act, which aims to set crypto market rules. Despite mixed public support and concerns about crypto risks, the growing and diverse crypto ownership base, including working and middle-class households, pressures lawmakers to consider this large constituency. The bill faces a Senate vote deadline and ongoing negotiations over ethics, anti-money laundering, and oversight provisions.
U.S. spot altcoin ETFs saw limited overall inflows, with fresh investments focused mainly on Solana, Hyperliquid, and Hedera products, signaling selective institutional interest. Solana and Hyperliquid ETFs each recorded over $8 million in net inflow...
XRP surged nearly 8% over the past week, recovering from a low of $1.03 to trade above $1.15, supported by a 62% spike in trading volume to $1.8 billion. Despite a 55% drop in spot ETF inflows in June, blockchain data shows increased activity with th...
XRP is holding above key support near $1.11 but repeatedly fails to break through the $1.14-$1.15 resistance zone, indicating weak momentum in its rebound. Despite regulatory uncertainty and delays in the CLARITY Act, XRP spot ETFs have seen nine con...
Bitcoin briefly rose above $64,000 before settling in the low $63,000s, maintaining a 6% weekly gain despite Strategy selling 3,588 BTC worth about $216 million. This recovery follows a drop to near $58,000 in late June and shows resilience amid thin...
About $410 million in leveraged crypto positions were liquidated within 24 hours, driven mainly by Bitcoin and Ethereum losses. Long positions accounted for nearly 63% of liquidations, indicating traders betting on price rises were hit hardest. Howev...
