GameStop copycat rally pumps up Dogecoin, Ripple XRP and other cryptos
Small investors drove up Dogecoin’s price by 1,000% after the GameStop saga, but money quickly left—and then Ripple’s XRP and Stellar prices went up.
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Big waves at SEC: Chief enforcer v. Ripple XRP is out. Is Gary Gensler new SEC chair? Elon Musk’s bitcoin flirtations.
Other top blockchain and cryptocurrency news: WhatsApp refugees swarm Signal. Bakkt to go public via SPAC. China tests out new DCEP digital yuan e-card.
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Bitcoin and ethereum prices roar into new year. Ripple XRP fans petition White House for mercy from SEC charges.
Other top blockchain and cryptocurrency news: China intensifies DCEP digital currency testing while Russia, Ukraine and Turkey join global CBDC race.
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Ripple (XRPUSD) Testing Key 0.50 Level
Ripple (XRPUSD) is bumping up against ascending triangle resistance (on the daily chart) and the psychologically key 0.5 whole figure level. A break above this multiple resistance zone in the next week or so will likely be quickly followed by a test of the psychologically key 0.75 level. XRPUSD is a prime candidate in the next few…
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Ripple (XRPUSD/XRPJPY) Readying to Resume Rally
Ripple (XRPJPY) is edging higher again as it appears to be readying to play catch up to Bitcoin (BTCUSD) which has outperformed XRPJPY in recent months. XRPJPY will be less bogged down this week by the somewhat overbought conditions slowing BTCUSD’s torrid advance, and has stronger momentum heading into this week. With massive gains on Bitcoin…
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Ripple’s RLUSD Is Building the Same Institutional Settlement Thesis as Circle Arc — Through Acquisitions Instead of Validators
The Plumbing of the Future If Circle’s Arc is a high-society dinner party where the guest list—BlackRock, DTCC, Visa—is the main attraction, then Ripple’s strategy for RLUSD is a masterclass in buying the entire restaurant, the supply chain, and the building inspector. While the industry obsesses over who is validating the next block, Ripple is…
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Ripple Is Turning RLUSD From a Payment Token Into Institutional Lending Collateral
A new institutional credit fund backed by Ripple, Clearpool, and Cicada Partners is deploying RLUSD as a primary lending asset on the XRP Ledger (XRPL). By facilitating the direct lending of this stablecoin to fintech and payments firms, the initiative shifts RLUSD from its initial role as a payment-focused asset into the domain of institutional…
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The x402 Foundation Has 17 Premier Members and 75 Million Transactions. Most of Them Aren’t Real.
Over the last 30 days, the x402 protocol recorded 75.41 million transactions, resulting in a total volume of $24.24 million. At first glance, these figures might suggest a burgeoning digital economy. However, the math tells a more modest story: the average transaction value is approximately $0.32. These are not retail purchases or consumer-facing commerce; they…
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JPMorgan questions SEC’s crypto ETF expansion plans: The Block
JPMorgan casts doubt on the likelihood of further SEC approvals for crypto ETFs after Ethereum ETF nod.
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Ripple contests SEC’s US$2 bln fine, suggests US$10 mln
Ripple challenges SEC’s penalty, arguing for a reduced $10 million fine in a legal dispute.