On September 6, Ripple shifted 1,363,614.85 RLUSD (about $1.36 million) from the XRP Ledger to Ethereum by burning the tokens on XRPL and minting the same amount on Ethereum seconds later. This cross-chain supply transfer rebalanced liquidity without increasing the total RLUSD supply. The Ethereum-minted tokens were then moved to an external wallet, showing Ripple's method to manage stablecoin liquidity across blockchains to meet market demand without creating new tokens.
XRP's open interest in derivatives has recovered sharply after a late-August drop, reaching around $244 million on Binance by September 6. However, aggressive selling continues in both perpetual futures and spot markets, indicated by a negative cumul...
The XRP Ledger is close to activating the BatchV1_1 amendment, a significant upgrade that allows developers to bundle up to eight transactions into one. This feature, pending approval by over 80% of validators for two weeks, will simplify app develop...
The XRP Ledger has surpassed 8 million funded accounts, lowering the XRP amount needed to rank in the top 10% of holders to around 3,333 XRP. This shift is due to the growing number of wallets, many holding small amounts, which dilutes the threshold ...
Ripple CEO Brad Garlinghouse highlighted the Dutch central bank's recent transfer of 86 tonnes of gold to illustrate how traditional financial systems rely heavily on physical location and custody, causing delays. He argued that cryptocurrencies offe...
Bitcoin briefly rose above $80,000 but fell back below $79,000, maintaining a market cap near $1.6 trillion. Ethereum stayed under $2,500, while XRP hovered near $1.40. Several altcoins like Chainlink, TAO, and Worldcoin posted notable gains, with TA...
