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.
Coinbase Markets released a snapshot on October 15 showing the net-long exposure of XRP derivatives traders, grouped by their average entry price. This data highlights how traders are positioned in derivatives rather than overall XRP holdings, clarif...
XRP is trading sideways between $1.28 and $1.57 after breaking a multi-month trendline, with strong net-long positions clustered around $1.40. Despite a 2% price gain, daily trading volume dropped 34%, and ETF flows showed mixed activity, with some f...
XRP recently fell below the $1.40 price level, causing significant losses for leveraged traders who had long positions clustered around that price. Despite this dip, XRP managed to recover to $1.35, with derivatives data showing a shift as short-sell...
WLD leads the domestic crypto interest index in Korea with 85.6 points and accounts for 6.67% of local trading. XRP holds the largest domestic trading share among top assets at 13.98%, followed by NEAR and ONDO. STX shows the highest domestic trading...
Ether options lead in front-expiry open interest with a bullish call-option bias, totaling 30,818 contracts worth about $78.76 million. Solana shows a bearish put-dominant setup with 33,720 contracts worth $3.62 million, while XRP favors calls with 1...
