Japan's SBI Holdings reaffirmed its $41.2 billion investment in Ripple during its Q1 earnings call, despite the recent decline in XRP's price. The company highlighted that its cryptocurrency business is currently sluggish, awaiting clarity on the U.S. CLARITY Act, which could impact the market. SBI also reported record Q1 revenue and profit growth, while continuing to expand its crypto services in Japan. This commitment signals strong confidence in Ripple amid regulatory uncertainty and market volatility.
On-chain data shows XRP selling pressure is easing with record-low inflows to Binance and rising withdrawals, suggesting seller exhaustion and stronger support above $1. However, August historically is a weak month for XRP, and institutional demand r...
Bitcoin dropped 1.3% to around $63,870 and Ethereum fell 1.4% to about $1,890 as crypto markets faced pressure at July's end. This decline contrasts with gains in traditional markets like South Korea's Kospi and U.S. stock futures. Bearish signals fr...
The XRP Ledger is approaching a milestone of 200,000 daily active users, reaching about 190,800 recently. This marks a significant recovery in user engagement after earlier struggles to maintain even 100,000 users following market corrections. Increa...
An analyst suggests banks might integrate Ripple's XRP payment technology within three weeks once regulatory clarity improves, potentially driven by the proposed CLARITY Act. The adoption could involve banks holding XRP for settlement and liquidity, ...
Several U.S. wealth advisers, including Gerber and Gallacher Capital Management, have recently disclosed new positions in XRP exchange-traded funds (ETFs), signaling growing institutional interest. These advisers hold shares in Franklin and Canary XR...
