BlackRock has chosen not to launch XRP or other altcoin ETFs, concentrating instead on Bitcoin and Ethereum, which it views as more liquid and profitable. Industry experts consider this a risky move, but BlackRock prefers to wait until the XRP ETF market grows to a stable $3 billion in assets before entering. The company is allowing competitors to test the altcoin ETF waters first, aiming to capitalize later with its strong brand once the market matures. For now, BlackRock continues large-scale investments in BTC and ETH, prioritizing conservative investor demand and predictable returns.
Ripple issued 110.57 million RLUSD stablecoins on November 2 following a 28.7% drop in RLUSD supply on the XRP Ledger. This issuance is part of treasury management and not directly linked to Binance's recovery efforts. Binance resumed RLUSD withdrawa...
David Schwartz, Ripple's former tech chief, shared an XRP price update of about $1.308 after a 2.4% daily increase, sparking criticism from holders who highlighted XRP's roughly 40% loss over the past year. The discussion revealed frustration over li...
Bitcoin fell more than 4% below $77,000 following a sharp selloff in AI and semiconductor stocks, which spread across risk assets and led to over $574 million in crypto liquidations within an hour. Ethereum, Solana, and XRP also declined significantl...
Ripple Prime has introduced a weekend trading service offering institutions exposure to over 100 markets including stocks, indices, ETFs, metals, energy, and currencies. The service uses RLUSD, Ripple's dollar stablecoin, as collateral but does not i...
Ripple (XRP) saw its price fall by 2.08% to $1.28 on Binance's XRP/USDT spot market as of 9:55 a.m. ET on Nov. 5. The token also declined 2.14% compared to its price 24 hours earlier, reflecting a broader short-term downtrend. During the same hour, $...
