Ripple has received preliminary approval for its Crypto Asset Service Provider (CASP) license from Luxembourg's financial regulator under the EU's MiCA framework. This milestone, combined with Ripple's existing Electronic Money Institution (EMI) license from the UK, allows European banks, fintechs, and businesses to access Ripple's full crypto and stablecoin payment infrastructure through a single regulated integration. The approval enables Ripple to expand its crypto services across the 30 countries of the European Economic Area, marking a significant step toward broader institutional adoption of digital assets in Europe. Ripple's UK CEO highlighted this as the start of the next wave of institutional digital asset adoption in the region.
XRP has seen a sharp decline in network activity, with daily transactions falling 41% to 1.1 million and Binance deposit addresses dropping 96%, indicating reduced sell pressure. Despite the price falling from around $1.45 to $1.10, holders are not r...
On June 22, Bitcoin ETFs experienced net outflows of $68.18 million, mainly due to large redemptions from Blackrock's IBIT and Grayscale's GBTC funds. However, other Bitcoin ETFs like Ark's ARKB and Fidelity's FBTC attracted significant inflows total...
On June 12, JPMorgan, Mastercard, Ondo Finance, and Ripple successfully tested a tokenized US Treasury redemption on the XRP Ledger, completing settlement in about five seconds compared to the traditional 3-5 business days. This test demonstrated the...
XRP price fell more than 5% after failing to break above $1.16, triggering heavy selling and reduced futures activity. Technical indicators like a bearish MACD crossover and loss of key Fibonacci support suggest a potential drop toward $1.05 and poss...
Ethereum's price fell more than 3% in 24 hours to around $1,686, pressured by continued ETF outflows totaling over $66 million and declining derivatives activity. Despite the launch of Ethlabs backed by key ecosystem players, market sentiment remains...
