Ripple has conducted a significant burn of 32,075,051 RLUSD stablecoin tokens on the Ethereum blockchain within 24 hours, marking the largest burn of the month. This move reduces the circulating supply of RLUSD, aiming to control its value by creating scarcity as the stablecoin gains adoption among enterprises for cross-border payments. Although the burn activity has slowed this month compared to previous months, Ripple continues to focus on fostering RLUSD adoption globally through partnerships and developments.
Ripple will release 1 billion XRP tokens from escrow on June 1 as part of its monthly unlocking schedule started in 2017. Although 1 billion XRP is unlocked, Ripple usually returns 600-800 million XRP back into escrow, so the circulating supply typic...
Ripple Prime, formerly Hidden Road, has integrated into key divisions of the Depository Trust & Clearing Corporation (DTCC), the backbone of U.S. capital markets. This move grants Ripple Prime access to critical clearing and settlement systems used b...
The cryptocurrency market experienced a decline with Bitcoin dropping 2.69% to $79,086 and major altcoins like Ethereum, XRP, and Solana also falling. Trading volumes across spot, stablecoin, and derivatives markets weakened significantly, signaling ...
Solana (SOL) is trading within a $78–$98 range, with a breakout above $98 seen as a potential trigger for higher price targets around $107 and $117. Despite a recent dip influenced by broader crypto market weakness and macroeconomic factors like risi...
XRP is trading just below the key $1.50 resistance level, facing pressure from large holders selling while institutional interest and clearer U.S. regulations support the token. Recent U.S. legislative progress and a 2025 court ruling have reduced le...
