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 expiry. XRP has historically traded between $1.30 and $1.50 for about 60% of 2026, making this a bet on price stability. However, if XRP moves significantly above or below $1.40, the trader risks losses exceeding the premium collected. The trade reflects confidence that no major events will impact XRP before late June, despite potential risks like the Clarity Act vote and Bitcoin price pressure.
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
Bitcoin held steady around $65,500 while Ethereum surpassed $1,900 for the first time since February, amid softer-than-expected inflation data that boosted stock markets. Despite geopolitical tensions with Iran, investors showed cautious optimism, wi...
Ripple executives urged the U.S. Senate to pass the CLARITY Act, warning that rejecting the bill would maintain regulatory gaps exposing crypto users to risks similar to the FTX collapse. The Act aims to clarify oversight by sharing authority between...
Bitcoin is recovering after a long downtrend, stabilizing around $65,000 and aiming to break key resistance levels at $68,500 and $74,500. Ethereum is performing better, approaching its 100-day EMA resistance near $1,944 with strong buying momentum. ...
The XRP Ledger's fixCleanup3_2_0 amendment has entered its final two-week activation countdown after securing 85.71% validator support, surpassing the required 80% threshold. This upgrade bundles multiple protocol fixes for lending, permissioned doma...
