XRP traded near the key $1.10 level amid Ripple's progress in obtaining a full crypto-asset service provider license under the EU's MiCA framework, allowing broader European market access. Ripple also invested in compliance fintech Notabene to enhance regulatory adherence for its stablecoin RLUSD, signaling a focus on regulated institutional use. Additionally, XRP ETFs have seen over $200 million in inflows this year, reflecting growing institutional demand. The market balances short-term price pressure against these long-term regulatory and enterprise developments, with $1.10 as a critical technical support level to watch.
Ripple's Chief Legal Officer Stuart Alderoty highlighted that the CLARITY Act could significantly increase job creation and economic growth in the US. The National Cryptocurrency Association reports the crypto sector supports 232,000 jobs and contrib...
Ripple's regulated stablecoin RLUSD has seen its supply on Ethereum grow by 93% in the past 30 days, pushing Ethereum's share to 56.1% of total supply, surpassing the XRP Ledger's 43.9%. This shift is driven by institutional demand for DeFi services ...
AI-driven wallets on the XRP Ledger have shifted heavily towards using the stablecoin RLUSD instead of XRP, creating a 105% imbalance. This change is driven by XRP's price volatility and higher transaction costs, which make it less suitable for the m...
Bitcoin surged 26% to $81,455 but corrected to around $78,019 after Fed Chair Kevin Warsh signaled persistent inflation and potential rate hikes. This triggered market repricing, causing Bitcoin and altcoins to drop and US spot Bitcoin ETFs to see $2...
Bitwise's Solana Staking ETF reached $1 billion in assets under management, driven by its 5.8% annual yield from staking. In contrast, XRP ETFs have yet to hit the billion-dollar mark due to the XRP Ledger's lack of native staking and yield generatio...
