Evernorth, a major XRP treasury, analyzed on-chain data to show Ripple's new stablecoin RLUSD is not displacing XRP but enhancing its use. RLUSD trading volume on the XRP Ledger has grown significantly, driving more transactions that require XRP for network fees, which are burned, reducing XRP supply. This synergy means RLUSD provides stable dollar settlements while XRP acts as a bridge asset for conversions, increasing liquidity and demand for XRP rather than diminishing it. This dynamic supports XRP's value and network activity amid Ripple's stablecoin expansion.
Bitcoin ETFs experienced their eighth consecutive day of outflows, led by a $300 million withdrawal from Blackrock's IBIT fund, signaling continued investor caution toward Bitcoin. Ether ETFs also saw net outflows, with Blackrock's ETHB losing $37.55...
XRP has experienced a nearly 7% drop over the past week, approaching the key $1 support level. Despite bearish pressure, a spike in new wallet creations suggests increased investor interest and dip-buying at this price. However, inflows to exchanges ...
Cryptocurrency markets experienced mixed price changes, with Bitcoin falling 1.62% to $58,154 and Ethereum slightly down by 0.33% to $1,558. Several altcoins showed gains, such as ZEC up 2.89%, XLM up 3.54%, and DEXE rising 6.14%. These fluctuations ...
Cardano faces criticism as a 'ghost chain' due to its low on-chain activity and the recent shutdown of its main blockchain explorer, TapTools. Despite fewer decentralized apps and transactions compared to Ethereum and Solana, Cardano's unique Extende...
Since settling its SEC case, Ripple has invested over $2.7 billion in acquisitions, transforming from a payments company into a multi-asset financial conglomerate with prime brokerage, treasury management, custody, and stablecoin payments. Key deals ...
