Japanese financial conglomerate SBI Group is acquiring Bitbank, Japan's third-largest cryptocurrency exchange, for approximately $289 million in a multi-stage deal. The acquisition involves buying shares from individual and corporate shareholders, followed by a merger with SBI VC Trade, which will create Japan's largest crypto business with over 2.9 million accounts and assets exceeding 1.1 trillion yen. This move strengthens SBI's position in the digital asset market and supports the XRP ecosystem, as SBI is a major XRP holder and partner of Ripple, recently launching the RLUSD stablecoin in Japan.
Bitcoin fell below $60,000, causing $1.48 billion in crypto liquidations, mainly hitting long traders. This drop follows stronger U.S. inflation data, raising expectations that interest rates will stay higher for longer. Bitcoin options worth $9.33 b...
The XRP Ledger has crossed a milestone with over 500 million daily payment activities, indicating robust network usage even as XRP's price remains in a downtrend around $1.07. While technical analysis shows bearish control with XRP below key moving a...
Ripple CEO Brad Garlinghouse suggested a "special arrangement" might allow XRP holders to benefit if Ripple goes public, but he gave no details, timeline, or commitment. Ripple and XRP are legally separate, so a public offering typically rewards equi...
On June 23, U.S.-listed XRP spot ETFs saw a $2.05 million net inflow, led by Grayscale’s GXRP, while most other major altcoin spot ETFs recorded flat flows, indicating cautious investor demand. XRP ETFs remain a significant altcoin segment with $1.46...
XRP has dropped below the key $1.07 support level, signaling a potential deeper correction as bearish momentum intensifies. Technical indicators show XRP trading inside a descending channel with resistance near $1.115 and support levels possibly fall...
