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.
Bitcoin remains around $77,000 amid rising tensions in the Middle East, which have dampened market sentiment. Bitcoin ETFs experienced $105.2 million in net outflows, while Ethereum ETFs saw $6.7 million in outflows, reflecting cautious investor beha...
Crypto investment products experienced $1.47 billion in outflows last week, marking the second consecutive week of withdrawals. US spot Bitcoin ETFs accounted for $1.26 billion of these outflows, coinciding with Bitcoin's price falling briefly toward...
Bitcoin, Ether, and XRP led a broad crypto market decline after fresh US military strikes in Iran diminished hopes for a near-term peace deal. Over $200 million in crypto positions were liquidated within 24 hours, including $115 million in long bets,...
XRP investors are growing bearish as social sentiment dips, with the positive-to-negative commentary ratio falling to 1.1, signaling heightened fear. The cryptocurrency struggles to hold the $1.30 support level, and if negative sentiment continues, i...
The XRP Ledger is rolling out the fixCleanup3_1_3 amendment on May 27, which automatically deletes expired NFT offers and patches bugs related to vaults, lending, and permissioned domains. This upgrade, part of rippled version 3.1.3, improves network...
