On June 4, no new Ripple USD (RLUSD) stablecoins were minted, while $27.5 million worth of tokens were removed from circulation. This follows a trend seen in May where minting paused briefly while significant token burning occurred. The activity shift may reflect strategic adjustments by Ripple amid growing demand for RLUSD, highlighted by Mastercard's recent support for RLUSD settlements across multiple blockchain networks. This development underscores increasing adoption of stablecoins in mainstream payments and Ripple's efforts to expand liquidity and settlement options globally.
XRP fell 7% to around $1.15, hitting its lowest level in four months after breaking key support at $1.25. This decline comes despite $20.3 million in weekly inflows into XRP investment products and a significant outflow of over 25 million XRP from ex...
SBI Holdings CEO Yoshitaka Kitao expressed optimism that the U.S. CLARITY Act, currently advancing in the Senate, could positively impact the cryptocurrency market, including Ripple (XRP). The act aims to reduce regulatory uncertainty, which would lo...
XRP's price dropped to $1.14, with Ripple's former CTO David Schwartz stating crypto prices often defy logic amid retail investor frustration. Cardano's ADA hit a 5-year low at $0.1917 as founder Charles Hoskinson announced a break following internal...
A leading developer in the XRP Ledger ecosystem, known as Cauliman, has dismissed public XRP price predictions, emphasizing his commitment to building products on the XRPL rather than speculating on price targets. Despite XRP's recent price struggles...
Bitcoin briefly dropped to $61,300 before recovering to around $62,500, triggering $3 billion in liquidations over two days. Derivatives markets show strong bearish sentiment, with increased put option activity at the $60,000 strike and rising implie...
