Ripple CEO Brad Garlinghouse criticized Strategy's method of funding bitcoin purchases through issuing preferred shares, calling it unsustainable financial engineering that harms long-term value. Strategy's preferred shares dropped 25% below their $100 par value, and common shares hit multi-year lows amid declining bitcoin prices. Analysts recommend Strategy pause bitcoin buys and focus on cash reserves. Garlinghouse emphasized that true crypto value comes from practical utility, not complex financial tactics, highlighting risks in Strategy's approach.
Hyperliquid (HYPE) has overtaken XRP in the crypto futures market, now holding the fourth largest open interest at $1.45 billion, compared to XRP's $1.12 billion. This shift indicates growing trader interest in Hyperliquid's derivatives despite a sli...
XRP traded steadily near $1.09, supported by modest institutional inflows via ETFs despite declining retail interest and mixed derivatives data. The key resistance level at $1.12 could trigger momentum if broken, but failure to surpass it may lead to...
Ripple has renewed its campaign for the CLARITY Act in Washington, D.C., aiming to establish clear cryptocurrency regulations. However, key Senate Democrats oppose the bill due to concerns over insufficient ethics rules, potential conflicts of intere...
Bitcoin and Ethereum posted modest gains of around 1.5% on July 18, reaching $64,083 and $1,844 respectively, while overall crypto trading volumes dropped significantly. This decline in spot and derivatives volumes suggests cautious investor sentimen...
The US and UK have announced a joint taskforce to regulate stablecoins and tokenized assets, emphasizing fully backed stablecoins with high-quality liquid assets to reduce systemic risks. The UK is implementing detailed rules for stablecoin issuers, ...
