Ripple's stablecoin RLUSD reached an all-time high onchain market cap of $1.7 billion, with its circulating supply doubling to about $660 million in just one quarter. Launched in December 2024 and approved by the New York Department of Financial Services, RLUSD hit $1 billion market cap in under a year. Most of its supply (80-82%) circulates on Ethereum, with plans to expand to multiple Ethereum Layer-2 networks to reduce concentration risk. This growth highlights strong institutional demand for regulated stablecoins and supports Ripple's cross-border payment ecosystem.
Top crypto futures traders increased bullish exposure to Solana, with a notable 4.72 percentage point rise in USD-margined long positions, signaling strong risk appetite. Dogecoin and XRP also maintained heavy long positions across margin types, whil...
Evernorth's chief business officer, Sagar Shah, explained that XRP and RLUSD serve different but complementary roles on the XRP Ledger. XRP acts as a neutral intermediary asset that routes trades and connects liquidity pools without issuer restrictio...
CME Group's XRP futures suite reached $62.87 billion in notional volume in its first year, reflecting growing institutional interest in regulated crypto derivatives. The product lineup includes futures, options, and spot-quoted futures, allowing prof...
A large trader executed a short strangle options trade on XRP, selling 1.5 million contracts each of $1.40 call and put options on May 21. This trade collected $224,500 in premiums, which the trader keeps if XRP remains near $1.40 through the June 26...
Binance experienced a net outflow of $46.15 million in USDT within one hour, indicating more stablecoins were withdrawn than deposited. This movement may reflect traders reallocating capital to other platforms or DeFi protocols rather than exiting cr...
