A cryptocurrency wallet linked to market maker Wintermute held $190.77 million in short positions on Hyperliquid as of August 24, with Ethereum as the largest short at $53.02 million, followed by Bitcoin and Solana. The wallet's short exposure increased by about $44.58 million from a previous snapshot. Notably, the wallet held a $10.19 million short on XRP, which had surged 47% over the prior week. While large, these shorts may also serve hedging purposes rather than purely bearish bets. XRP's price faces key support and resistance levels, and the wallet's positions could change rapidly, so monitoring is advised.
Altcoins are making a comeback after a long market drought, with Cardano (ADA) and Ripple's XRP leading the recovery. XRP rose 11% in 24 hours and 51% over the past week, driven by increased whale activity and a surge in large transactions on its led...
Ripple's XRP has been integrated with Volante Technologies' payment infrastructure, enabling it for instant FedNow payments used by major U.S. banks. This development has increased community interest and market optimism, with XRP's transaction count ...
XRP price surged 47.5% over seven days to nearly $1.47, marking its strongest weekly gain since November 2024. The rally was driven by the U.S. Treasury doubling long-term bond buybacks, which lowered yields and boosted risk assets including cryptocu...
XRP surged 51% this week to $1.50, marking its best weekly gain since November 2024. The rally was sparked by the US Treasury's plan to repurchase $4 billion in long-term bonds, easing fears of rising bond yields and boosting risk assets like crypto....
XRP surged about 56% from $1.00 to $1.70 in five days due to a combination of factors: the U.S. Treasury doubling bond buybacks which lowered yields and boosted risk assets, a White House crypto summit promoting the CLARITY Act to classify XRP as a c...
