Ripple's stablecoin RLUSD saw a $14.4 million mint on the XRP Ledger, part of $39.4 million in mint-and-burn transactions across XRP Ledger and Ethereum. RLUSD's market cap rose to about $2.4 billion, with Ethereum holding a larger share of the supply. Ripple emphasizes RLUSD's regulatory backing and institutional use, with tokens backed 1:1 by cash and equivalents. These treasury moves reflect liquidity management rather than direct new demand, as minting and burning often balance out quickly.
On October 17, open interest in crypto derivatives fell across five major assets, with Solana experiencing the largest drop of 6.59% to $895 million. Bitcoin maintained the highest open interest at $7.62 billion despite a 1.50% decline, while Ether h...
Bitwise's XRP ETF has reached $541 million in net assets as of October 17, with total investor inflows since launch hitting $684.73 million. This reflects growing institutional interest in regulated crypto investment products, allowing investors to g...
XRP is currently trading above a key support level of $1.25, holding steady around $1.29 as of October 17. Technical analysis suggests that if XRP falls below $1.25, it could potentially decline further to $0.80. The chart also shows a possible doubl...
U.S. spot XRP ETFs experienced about $1.84 million in net outflows from October 12 to 16, breaking a 13-week streak of positive inflows. The outflows followed a strong week ending October 9, which saw $11.31 million in net inflows. Despite the recent...
XRP ETFs experienced their first weekly outflow in over three months, with investors withdrawing more than $1.84 million last week. This shift follows a 13-week streak of steady inflows and coincides with XRP's price retesting the $1.30 level, reflec...
