A consortium including Hana Financial TI, XRPL Korea, and Axelar successfully tested a Korean won (KRW) stablecoin on the XRP Ledger, using native protocols rather than third-party smart contracts. This proof-of-concept demonstrated compliance features like wallet whitelisting, asset recovery, and cross-chain integration, aiming to meet South Korea's regulatory standards. The initiative could enable direct on-chain foreign exchange operations and position XRP Ledger as core infrastructure for Korea's digital won if regulators approve. This marks a significant step toward integrating blockchain technology into Korea's banking sector.
Ripple CEO Brad Garlinghouse criticized Strategy's preferred shares sliding below par as a failure of financial engineering, sparking debate about both companies' reliance on selling their own assets to fund operations. Strategy funds Bitcoin purchas...
XRP's Binance Scarcity Index reached its highest level since 2024 as whales moved coins to non-custodial wallets, tightening supply and supporting price near $1.14. A BitGo whale transferred 114.9 billion Shiba Inu (SHIB) tokens to a new cold wallet,...
Cardano (ADA) fell 4% to around $0.18 on July 6, becoming the weakest among top 10 cryptos due to long liquidations and falling open interest. Founder Charles Hoskinson remains optimistic, highlighting the upcoming Leios upgrade that could increase t...
XRP has gained 8.3% in the past week, trading near $1.14 after rebounding from a low of $1.01. Traders on Kalshi predict a 33% chance XRP will reach $1.30 by the end of July, supported by renewed buying interest and positive historical July performan...
Bitcoin surged to around $62,800 after dropping below $58,000 earlier in July, signaling renewed confidence in the crypto market and easing concerns of a deeper fall to $50,000. Ether also recovered to about $1,760 following a recent dip. While major...
