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On-chain data points to underlying demand for XRP as ETFs pull in over $90 million.
Robinhood is once again blaming the GameStop crisis on infrastructure, but experts point to undercapitalization.
The fund introduces a tokenized class of units, which are initially set to be issued on Ethereum, according to its prospectus.
The validator entry queue for the Ethereum network is heavily congested, with 3.6 million ETH lined up to be staked with a forecasted 63-day wait.
The USDU stablecoin is issued by Universal Digital, a crypto firm regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM).
The stablecoin is backed by USD reserves held in financial institutions such as Emirates NBD, Mbank, and Mashreq.
Cere Network is facing a second lawsuit this month that accuses its co-founder and board of fraud in relation to a public token launch for the platform in 2021.
The rise in XRP wallets holding more than 1 million tokens comes despite a weakening of broader crypto market sentiment, with a popular crypto indicator sitting in “fear” territory.
The ruling marks one of the largest court-imposed penalties yet tied to crypto marketing practices in Australia.
Crypto prices stabilized after an early-week dip, but bitcoin continued to trail gold and silver as macro trades dominated after the Fed’s policy hold.
Gold is now also outperforming Bitcoin over the last five years, having risen 173%, while Bitcoin is up only 164% over the same period.
Higher oil prices could add to inflation, making it harder for the Fed to cut rates rapidly.
