XRP fell about 2.2% to trade near $1.03 amid broader market weakness and the U.S. Senate postponing the CLARITY Act vote to September, removing a near-term regulatory catalyst. Binance saw an 8% rise in XRP open interest while spot buying demand dropped over 52%, with whales responsible for 81% of XRP outflows on Binance. Grayscale's ETF rebalance included XRP alongside major tokens like Bitcoin and Ethereum, potentially signaling increased institutional interest. XRP remains near key support at $1, with analysts noting a bearish trend unless it breaks above $1.10 to $1.15 soon.
On August 6, Ripple minted 811,026 RLUSD stablecoins on the XRP Ledger using a three-signer multisignature process, costing just 0.000405 XRP. This mint increased RLUSD's supply to over half of the total stablecoin supply on the XRPL, making it the l...
The Senate is close to deciding on the CLARITY Act, a significant crypto regulation bill currently under review by President Trump. This legislation aims to clarify when digital assets fall under SEC or CFTC oversight, resolving long-standing uncerta...
Ripple's Chief Legal Officer Stuart Alderoty highlighted that 67 million Americans now own cryptocurrency, challenging the stereotype that crypto is dominated by young men. Recent survey data shows increasing diversity, with 42% of recent crypto buye...
U.S.-listed altcoin ETFs showed mixed investor flows on August 6, with XRP and Hyperliquid ETFs attracting net inflows while Solana ETFs experienced outflows. XRP ETFs gained $3.45 million, primarily in Franklin’s XRPZ and Bitwise’s spot XRP ETF, ind...
XRP traded near $1.03 on August 7, down about 2.2%, pressured by selling across major exchanges and weak buying demand. The U.S. Senate delayed the CLARITY Act, a key regulatory bill affecting XRP's legal status, pushing its consideration to Septembe...
