XRP Utility Rises As XRPL RWA Market Cap Hits $2.25B Amid Ripple RLUSD Boom

Stablecoins aren’t just a fringe aspect of the crypto economy anywhere. While making up a fairly small percentage of the total crypto market cap – $305B of $4T – stablecoins are rapidly becoming of the most appealing use cases for institutional and retail investors alike. A new report from EY-Parthenon highlights just how rapidly stablecoins…

Key Highlights XRP maintains trading levels around $1.35, showing consecutive daily gains despite ongoing market pressures. Exchange-traded funds tracking XRP recorded $2.3 million in withdrawals on Monday, with total assets under management declining to $944 million from January’s $1.65 billion peak. Open Interest in XRP futures contracts has plummeted to $2.45 billion, representing a dramatic…

Enjoyed this article? Share it with your friends! The prediction market company Kalshi secured a $1 billion investment round on December 2, which raised its valuation to $11 billion. This latest funding round saw participation from existing backers, including Paradigm, Sequoia Capital, Andreessen Horowitz, and CapitalG. Monthly trading momentum on Kalshi reached new heights in November,…

Grayscale is aiming to launch the first spot Dogecoin ETF and has filed a proposal with the SEC. The action sent DOGE price up nearly 2% in 24 hours. Grayscale Seeks SEC Approval For Its Dogecoin ETF Amid Market Anticipation Grayscale has filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC)…

Veteran trader Peter Brandt has given his opinion on when the Bitcoin bull cycle may peak, as the flagship crypto continues to range sideways. Meanwhile, there is also the possibility that the cycle may extend, especially with the Fed set to lower interest rates, which could lead to an influx of new liquidity. Peter Brandt…