XRP has seen a sharp decline in network activity, with daily transactions falling 41% to 1.1 million and Binance deposit addresses dropping 96%, indicating reduced sell pressure. Despite the price falling from around $1.45 to $1.10, holders are not rushing to sell, suggesting subdued market participation rather than panic selling. Liquidity is shifting from Binance to Upbit, pointing to a redistribution phase rather than a market exit. This pause in activity could precede significant price moves if buying interest returns.
Ripple has received preliminary approval for its Crypto Asset Service Provider (CASP) license from Luxembourg's financial regulator under the EU's MiCA framework. This milestone, combined with Ripple's existing Electronic Money Institution (EMI) lice...
On June 22, Bitcoin ETFs experienced net outflows of $68.18 million, mainly due to large redemptions from Blackrock's IBIT and Grayscale's GBTC funds. However, other Bitcoin ETFs like Ark's ARKB and Fidelity's FBTC attracted significant inflows total...
On June 12, JPMorgan, Mastercard, Ondo Finance, and Ripple successfully tested a tokenized US Treasury redemption on the XRP Ledger, completing settlement in about five seconds compared to the traditional 3-5 business days. This test demonstrated the...
XRP price fell more than 5% after failing to break above $1.16, triggering heavy selling and reduced futures activity. Technical indicators like a bearish MACD crossover and loss of key Fibonacci support suggest a potential drop toward $1.05 and poss...
Ethereum's price fell more than 3% in 24 hours to around $1,686, pressured by continued ETF outflows totaling over $66 million and declining derivatives activity. Despite the launch of Ethlabs backed by key ecosystem players, market sentiment remains...
