Ripple has decreased the circulating supply of its RLUSD stablecoin on the Ethereum network to about $692 million, down from a peak of $1.24 billion in February. This reduction is due to ongoing token burns, with $115.4 million burned and $49.3 million minted in the past week. Meanwhile, RLUSD supply on the XRP Ledger has grown significantly, surpassing Ethereum's supply for the first time, reaching about $800 million. Ripple also recently received a Crypto Asset Service Provider license in Luxembourg, confirming its compliance with European regulations and enabling broader institutional use of XRP and RLUSD across the European Economic Area.
XRP's price jumped 44% over seven days, briefly surpassing $1.50 before settling near $1.44, outperforming Bitcoin and other major cryptocurrencies amid a broader market rally. This surge coincided with increased leverage on Binance, hitting the high...
U.S. spot XRP ETFs recorded $23.87 million in net inflows on August 25, marking the ninth consecutive day of inflows and bringing total inflows to $1.59 billion despite a broader crypto market sell-off. Bitwise led the inflows with $11.02 million, fo...
XRP traded near $1.44 on August 26, down 5.36% in 24 hours after a strong weekly rally of 43.7%, recovering from early August lows. The token's leverage ratio on Binance hit its highest since January, indicating increased risk from leveraged futures ...
XRP futures trading volume across major exchanges surged to $11.37 billion on August 22, marking the highest level since February. This spike coincided with a 4.3-fold increase in large XRP withdrawals from exchanges, suggesting significant moves by ...
XRP's leverage ratio on Binance has reached its highest level since January, driven by a recent 44% rally that outperformed many cryptocurrencies. This surge in leveraged trading, especially in derivatives, increases the risk of heightened volatility...
