XRP recently experienced a slight decline after surpassing the $0.50 mark, but it managed to recover its weekly losses and emerge as the only top cryptocurrency in the green. The surge in open interest among traders suggests that there is growing anticipation for a price increase in XRP. This heightened trading activity could indicate bullish
Ripple
Recently, David Hirsh, who served as the Chief of the Crypto Asset and Cyber Unit at the Securities and Exchange Commission (SEC), announced his resignation. After spending nine years with the agency, Hirsh took to LinkedIn to express his gratitude to his colleagues, mentors, and friends for their support. He mentioned that securities enforcement is
The recent outflows from crypto funds have raised concerns among investors and analysts alike. After five weeks of consecutive inflows totaling $4.35 billion, the sudden reversal to $600 million in outflows has caught many by surprise. The outflows were primarily concentrated in Bitcoin and Solana funds, signaling a shift in investor sentiment towards these assets.
Ripple’s XRP has shown resilience in the face of negative market conditions, with a 1% increase in price in the past 24 hours and a 3% increase over the week. This upward trend stands in contrast to the performance of other major cryptocurrencies such as Bitcoin, Ethereum, and Binance Coin, which have seen a dip
Ripple is set to introduce a new stablecoin called Ripple USD (RLUSD) in 2024 on both the XRP Ledger and Ethereum platforms. This stablecoin is designed to act as a link between traditional finance and the cryptocurrency industry. Despite the promising prospect of RLUSD, the United States Securities and Exchange Commission (SEC) has already criticized
Ethereum experienced a 4.4% loss in price this week, signaling a shift in bullish momentum. The price action was dominated by sellers, pushing the cryptocurrency down to the key support level at $3,500. Despite this pullback, there is optimism that it could be a normal retest following a significant breakout after the ETF confirmation. As
Recently, Coinbase CEO Brian Armstrong announced that one million people have joined the ‘Stand With Crypto’ movement as advocates for the industry. This surge in support is seen as a significant milestone, with Armstrong noting that “That’s a lot of voters!” The movement gained momentum particularly after a Whitehouse veto threat, which resulted in 600,000
Ripple, a prominent player in the cryptocurrency industry, has recently made headlines by contributing $25 million to the Fairshake super PAC. This move is part of a broader industry-wide effort to advocate for pro-crypto policies and politicians. The decision to boost Fairshake’s efforts comes at a critical time for Ripple, as the company is currently
In the midst of the broader market recovery, the XRP Ledger (XRPL) experienced a surge in network activity across various metrics. According to a recent report by Messari, active addresses and transactions on XRPL saw a significant increase. Active addresses rose by 37% quarter-over-quarter (QoQ), while transactions increased by a whopping 113% QoQ. This surge
Coinbase recently filed a closing brief with the US Court of Appeals for the Third Circuit, challenging the SEC’s denial of its rulemaking petition. The crux of the case revolves around a single sentence in the SEC’s order that “disagreed” with Coinbase’s assertion that current SEC rules are unworkable for digital asset firms. This lack