Ripple has burned 30 million RLUSD stablecoin tokens on the Ethereum blockchain as part of its deflationary strategy to manage supply and maintain the 1:1 peg to the U.S. dollar. This burn reflects Ripple's efforts to balance circulating supply amid growing adoption and network activity, ensuring RLUSD's efficiency in enterprise use. The move also signals active usage of RLUSD across multiple firms, potentially boosting recognition for Ripple's associated cryptocurrency, XRP. Such burns may occur when users redeem stablecoins for fiat or when treasury adjustments are needed.
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...
