XRP extended its decline on Tuesday, falling 6% to $2.25, as whale selling and a sharp trendline break accelerated bearish momentum. The move, coupled with a 15% drop in open interest, keeps pressure on bulls ahead of a looming death cross setup and a retest of key support at $2.20. What you need to know […]
Death Cross Risk Rises as Ripple Token Plunges 6% Read More »
Native token of the Oracle Chainlink network LINK$14.78 On Tuesday, the price broke through key technical support levels, falling 6% to below $14.50, according to CoinDesk data. The decline accelerated with massive volume surging 57.81% above the seven-day average, signaling aggressive distribution rather than short-market selling, CoinDesk Research’s technical analysis model noted. Price weakness has
6% fall as technical outage trumps UBS-FTSE partnership Read More »
Ethereum Ether ETH$3,268.65 just fell more than 20% on Tuesday in a two-day rout that almost resembles the October 10 crash. Trading just below $4,000 early Monday, the second-largest cryptocurrency by market capitalization fell to nearly $3,000 Tuesday afternoon in the United States, touching its weakest level since mid-July. This is the second severe correction
Freefall 20% in two days amid billion-dollar liquidation cascade Read More »
A US banking lobbying group has asked the agency that issues federal banking charters, the Office of the Comptroller of the Currency, to reject Coinbase’s trust charter application, arguing that the crypto exchange fails to meet requirements in several categories. The Independent Community Bankers of America, an influential group focused on the policy needs of
NEW YORK — Former FTX CEO Sam Bankman-Fried’s chances of getting a new trial appear to be dwindling, judging by the pointed questions asked by an appeals court during a hearing in Manhattan on Tuesday. Bankman-Fried’s lawyer, Alexandra Shapiro, told the trio of Second Circuit judges that the high-profile trial was “fundamentally unfair” because her
Court of Appeal appears unmoved by Sam Bankman-Fried’s unfair trial allegations Read More »
Ripple’s stablecoin, RLUSD, has surpassed $1 billion in market capitalization less than a year after its December 2024 launch. The milestone makes RLUSD the 10th largest U.S. dollar-backed stablecoin by market capitalization, according to CoinGecko data. Issued by XRP creator Ripple, RLUSD is backed by dollar reserves and short-term US Treasuries, and is designed to
XRP Creator’s RLUSD Crosses $1 Billion Milestone Read More »
NEW YORK — The XRP Ledger’s ability to support both value transfer and real-world payments from a single platform could give it a structural advantage in the growing crypto ETF market, according to derivatives exchange Bitnomial founder and CEO Luke Hoersten. “What I think is unique about XRP and RLUSD is that you have a
XRP Ledger’s dual utility could make it a game-changing ETF play, experts say Read More »
Bitcoin BTC$101,622.02 fell below the $100,000 level on Tuesday on at least some major exchanges – Coinbase, Gemini and Kraken, to name three – its lowest price since late June as part of a broader crypto market correction. The move below that price sparked at least some buying, however, with BTC rebounding to $101,300 within
Falls below $100,000 for the first time since June Read More »
