Ripple minted $200 million worth of RLUSD on the XRP Ledger on May 20, marking the largest single mint in the network's history. On the same day, it burned $100 million worth of RLUSD on Ethereum, reducing supply there. This activity caused RLUSD supply on XRP Ledger to rise to $690 million, more than doubling in two months, while Ethereum's supply dropped to about $1.06 billion. Overall, RLUSD's total market cap across both blockchains increased to approximately $1.75 billion, driven mainly by the XRP Ledger expansion.
XRP's price fell by 8%, but large investors known as whales purchased 71 million tokens within 10 hours. This activity suggests that despite the price decline, significant players see value or potential in XRP. Such buying could influence future pric...
XRP investment products have attracted about $42 million in net inflows over one week, while Bitcoin ETFs and Ethereum products face significant outflows. This shift coincides with a sharp rise in XRP wallet creations, suggesting renewed investor int...
XRP has experienced a notable increase in new wallets and open interest, signaling renewed retail activity and leverage inflows. This momentum coincides with broader trends such as U.S. regulatory moves to integrate crypto with traditional finance an...
Kevin Warsh was narrowly confirmed as the new Federal Reserve chair amid declining confidence in the Fed's ability to control inflation, with inflation expectations rising to 4.8%. Bitcoin has struggled to break past the $77,000 resistance level, ref...
XRP ETFs attracted $42 million in net inflows over the past week, while Bitcoin ETFs experienced a significant outflow of $1.4 billion. This suggests investors are rotating their crypto exposure, favoring XRP amid pressure on Bitcoin and Ethereum pro...
