[ad_1] Well-known XRPL dUNL validator Vet recently took to X to clarify the recent RLUSD burning events. Notably, Vet first cited the $39,000,000 worth of RLUSD that has been burned on the XRP Ledger and subsequently minted on Ethereum. This large-scale transfer has sparked speculation about the motives behind these actions, especially concerning the UK, SBI, and institutional liquidity support. Before delving into these questions, Vet provided an educational overview of stablecoin inventory transfers. He noted that stablecoin issuers, such as Circle and Tether, frequently perform inventory transfers to manage the supply of their tokens across various blockchains. These transfers…
Author: NBTC
[ad_1] Crypto majors were little changed over the past 24 hours as markets settled from a rally, and then profit-taking from earlier in the week. Bitcoin (BTC) traded above $93,000 in Asian morning hours Friday, with traders pointing to increased optimism of short-term gains. “With BTC holding firmly above $90K, sentiment is becoming increasingly optimistic,” QCP Capital said in a Telegram broadcast. “Call options at $95K strikes for end-April and end-May expiries have dominated flow, pointing to a tactical appetite for further upside.” Call options are contracts giving the buyer the right to purchase an asset at a set price…
[ad_1] The price of Bitcoin jumped as high as $91,684 on Tuesday as investors weighed whether Washington’s tit-for-tat with Beijing on tariffs could come to a sooner-than-expected end. Bitcoin was recently up 4.5% over the past 24 hours, losing some ground from earlier in the afternoon but still on track to register its largest day gain since April 9, when the asset surged 8.3%, according to Bitcoin CounterFlow. That was the day that U.S. President Donald Trump lowered “reciprocal” tariffs on nearly all nations to 10% while focussing his trade war on China with steeper levies. Beyond Bitcoin, altcoins and…
[ad_1] Crypto users will soon be able to store, send, and receive XRP through the Cardano Web3 non-custodial blockchain wallet, Lace. This comes after Cardano Founder Charles Hoskinson announced plans to add XRP support to the ecosystem’s native wallet. The Cardano founder recently announced the initiative in a ‘Surprise AMA’ session on YouTube. During the session, which lasted over three hours, a user asked Hoskinson whether he was still discussing potential partnerships with the Ripple team. In response, Hoskinson confirmed that things are moving well between the IOG and Ripple teams, suggesting their initial rivalries are behind them. Lace Wallet…
[ad_1] The crypto gaming space is ever expanding, and with prominent games releasing, token airdrops piling up, and the constant shifting of the markets around them all, it’s a lot to take in. Luckily, we’re all over it here at Decrypt’s GG. And if you’re looking to keep tabs on the latest happenings around crypto video games, this weekly roundup gives you a quick overview of the biggest stories we covered over the past week, along with a smattering of other interesting tidbits from around the space. Top stories Ubisoft’s new crypto game: Ubisoft—the gaming giant behind Assassin’s Creed and…
[ad_1] Today, approximately $8.05 billion worth of Bitcoin (BTC) and Ethereum (ETH) options expire, prompting crypto market participants to brace for volatility. Traders and investors should be particularly attentive to today’s options expiry due to its volume and notional value, increasing the odds of potential influence on short-term trends. However, the put-to-call ratios and maximum pain points provide insight into what can be expected and the possible market directions. Insights on Today’s Expiring Bitcoin and Ethereum Options The notional value of today’s expiring Bitcoin options is $7.24 billion. According to Deribit’s data, these 77,642 expiring Bitcoin options have a put-to-call…
[ad_1] As many as twelve XRP-based ETF proposals are now officially lined up with the U.S. Securities and Exchange Commission, setting the stage for a shift in crypto investing should these products finally get clearance. XRP ETF Race Heats Up, But Giants Sit Out While established firms like Grayscale, VanEck, Franklin Templeton, and ProShares top the list, what’s creating buzz is who isn’t on it, namely, BlackRock and Vanguard, the two leading asset managers globally. These twelve distinct proposals span final SEC deadlines between April and October 2025. The surge in ETF filings follows a wave of renewed confidence after…
[ad_1] A March 31 Finbold report found that Elon Musk’s tenure with the Department of Government Efficiency (D.O.G.E.) coincided with a 40% decline in the number of Dogecoin (DOGE) millionaire addresses, with the billionaire’s historical influence on the meme coin hinting at causation rather than mere correlation. However, on April 8, a process was initiated that culminated in the businessman announcing the winding down of D.O.G.E. involvement, due to a tariff spat with Pete Navarro, President Donald Trump’s trade advisor. By April 25, Finbold Research had found that Musk’s anticipated exit led to the emergence of 183 new DOGE millionaires…
[ad_1] The world’s largest cryptocurrency exchange Binance started the day with altcoin delisting news. At this point, Binance announced that it had delisted altcoins named ALPACA, PDA, VIB and WING. “At Binance, we periodically review every digital asset we list to ensure it continues to meet high-level standards and industry requirements. When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it. Our priority is to provide the best services and protections for our users while continuing to adapt to evolving market dynamics. Based on our…
[ad_1] A widely followed crypto analyst says Bitcoin (BTC) may make an explosive move to the upside before a bearish reversal. In a new post on the instant messaging app Telegram, pseudonymous crypto strategist Crypto Capo tells his 122,084 subscribers that Bitcoin may hit $98,000 before plummeting in value. However, the analyst says as long as Bitcoin holds $88,000 as support, the flagship crypto asset will likely remain in an uptrend. Looking at other digital assets, the analyst predicts that Ethereum (ETH) may increase 30% of its current value before correcting and that Solana (SOL) may increase 33% of its…