South Korean authorities arrested three suspects and sought a fugitive in a major XRP staking scam that defrauded 71 investors of 3.4 million XRP, valued at about $8.55 million. The fraudsters created a fake website mimicking the Flare Network, promising high, guaranteed returns to lure victims. Police quickly traced and froze stolen XRP wallets, recovering some assets and preventing further losses. This crackdown highlights rising crypto fraud risks amid growing XRP trading in South Korea, with authorities urging caution against guaranteed investment returns.
Ripple's XRP token fell 4.24% to $1.46 within four hours on October 3, with a 24-hour decline of 3.04%. This drop coincided with $11.07 million in long position liquidations on Binance, Bybit, and OKX, indicating traders betting on price rises were f...
On October 1, Solana (SOL) fund net assets reached $1.91 billion, surpassing XRP funds at $1.69 billion. Between September 17 and October 1, Solana funds saw net inflows of $253.98 million over eight consecutive days, outpacing XRP's $83.63 million i...
Solana exchange-traded funds (ETFs) have overtaken XRP ETFs in total net assets, reaching $1.91 billion after eight consecutive days of inflows totaling nearly $254 million. Despite Solana's smaller market capitalization compared to XRP, its ETFs now...
Ripple's stablecoin RLUSD increased its market capitalization by $765.3 million over 90 days, placing it second behind Circle's $915 million gain among stablecoin issuers. RLUSD holds 0.8% of the stablecoin supply, compared to Tether's dominant 61%. ...
SBI Holdings finalized its $290 million acquisition of Bitbank on October 1, making Bitbank a wholly owned subsidiary. This deal consolidates one of Japan's busiest XRP trading venues under SBI, which now controls about $6.97 billion in crypto assets...
