XRP briefly dropped below $1 on August 11, 2026, for the first time since January 2024, following a hack on Coreum's XRPL bridge that drained nearly 200,000 XRP in under two hours. The exploit was due to a flaw in the bridge's deposit verification software, not the XRP Ledger itself, which remained secure. This incident highlights the vulnerabilities of cross-chain bridges and has rattled market sentiment, pushing XRP prices down from recent levels around $1.02 to $1.03. Ripple Labs and the XRP Ledger were not involved or compromised in the attack, and the bridge operators have halted operations to address the issue.
Ripple has signed a multi-year partnership with the University of Louisville to place the XRP logo permanently on the basketball court at the KFC Yum! Center, home to both men’s and women’s basketball teams. The deal includes additional branding acro...
Grayscale Investments has introduced a new series of model portfolios designed for financial advisors, with a significant allocation of 26.11% to XRP within its Digital Assets Next Gen portfolio. This move signals Grayscale's strong confidence in XRP...
The U.S. Senate failed to advance the Digital Asset Market CLARITY Act, a key crypto market structure bill, dealing a setback to the industry. Despite this, Ripple CEO Brad Garlinghouse expressed confidence that cryptocurrency will continue to progre...
Ripple CEO Brad Garlinghouse criticized Democratic politics for the Senate's failure to advance the CLARITY Act, a crypto regulation bill, calling them the "anti-crypto army." The Senate voted 50-49 against proceeding with the bill, marking a setback...
The U.S. Senate narrowly failed to advance the CLARITY Act in a 49-50 procedural vote, causing Bitcoin, XRP, and Shiba Inu to plunge. The bill aimed to provide comprehensive cryptocurrency market regulations but fell short of the 60 votes needed to p...
