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"XRP Surges Amid Ripple’s Stablecoin Approval and Market Anticipation" Ripple Labs' announcement of regulatory approval to offer its RLUSD stablecoin in the U.S. sparked a 7% surge in XRP’s value, drawing attention from investors. This regulatory milestone positions Ripple as a stronger contender in the evolving digital asset space. Amid the price rally, on-chain data revealed that XRP whales moved substantial amounts of the token to exchanges. Such activity often signals potential market changes, as large holders might be preparing for trades, either to capitalize on the price increase or anticipate further fluctuations. Adding to the market's dynamic, the upcoming U.S. inflation data release is expected to influence investor sentiment across financial markets, including cryptocurrencies. Inflation metrics often drive speculation on monetary policy, which can ripple through the crypto sector. The combination of Ripple's strategic progress, significant whale activity, and macroeconomic factors has set the stage for a potentially volatile period for XRP and the broader market, as traders monitor these developments closely.

Ripple’s RLUSD Stablecoin Prepares for Monumental Launch, XRP Price Expected to Skyrocket Following RLUSD Rollout #Ripple’s $RLUSD launch yet to be determined confesses Ripple, analysts expect explosive $XRP price pump upon #RLUSD launch. https://lnkd.in/gxT9AmSP

#News Alert Ripple secures final NYDFS approval for RLUSD - https://lnkd.in/gZky9Zxk secures final NYDFS approval for RLUSDRipple has secured approval to launch its stablecoin Ripple USD (RLUSD). CEO Brad Garlinghouse pointed this out via a post on X. Ripple will soon launch its stablecoin RLUSD after it received the final approval from the New York Department of Financial Services. Brad Garlinghouse, the CEO of Ripple, confirmed this via a post on […] Ripple has secured approval to launch its stablecoin Ripple USD (RLUSD). CEO Brad Garlinghouse pointed this out via a post on X. Ripple will soon launch its stablecoin RLUSD after it received the final approval from the New York Department of Financial Services. Brad Garlinghouse, the CEO of Ripple, confirmed this via a post on X on Tuesday, December 10, 2024. “This just in…we have final approval from NYDFS for $RLUSD! Exchange and partner listings will be live soon – and reminder: when RLUSD is live, you’ll hear it from Ripple first,” Garlinghouse posted. The official Ripple X account also shared the upcoming launch of the stablecoin, with the news coming as the XRP token looked to recover above $2. Losses for the altcoin came as Bitcoin pared gains to below $95k and most coins traded lower. Ripple gets regulatory nod Earlier this month, Ripple dismissed reports the US dollar-pegged stablecoin was launching. Rather, it confirmed that the official launch awaited regulatory approval from the NYDFS. Despite some speculation, $RLUSD isn’t launching today. We’re in lockstep with the NYDFS on final approval and will share updates as soon as possible. We are fully committed to launching under the supervision of NYDFS and upholding the highest regulatory standards. Stay tuned… — Ripple (@Ripple) December 4, 2024 in an earlier announcement regarding exchange and platform partners, Ripple named the likes of Bitstamp, Uphold, CoinMENA and Bullish. Meanwhile, the company said RLUSD will be pegged 1:1 to USD and be 100% backed by USD deposits, short-term US government treasuries and other cash equivalents. The stablecoin went live in private beta in August, with the launch on both the XRP Ledger and the Ethereum mainnet. While the company expects RLUSD to launch imminently, it has cautioned its users and the broader market to be wary of impersonations or scams. $RLUSD is launching soon! Stay vigilant and report any impersonations or scams. https://t.co/yqnAdBQSfW — Ripple (@Ripple) December 10, 2024 Ripple announced plans to launch its stablecoin in April. Entry into the market will see RLUSD compete with top USD-pegged stablecoins. The market leader in this segment is Tether’s USDT, which has a market cap of over $138 billion. USDC, the second largest, has a market cap of over $40 billion.  

XRP Whales Accumulating: What Is The Market Impact? Tightening Supply and Whale Accumulation Ripple’s XRP is experiencing a notable tightening in its supply, driven by significant accumulation from large holders, often referred to as “whales.” These institutional players are rapidly consolidating XRP, funneling substantial amounts through Ripple’s On-Demand Liquidity (ODL) corridors. This accumulation is not just a minor trend but a significant shift that is shrinking the available supply for retail investors. As whales continue to absorb more XRP, the urgency for retail investors to enter the market increases, potentially driving up prices due to the scarcity of available tokens. The consolidation by whales is creating a competitive […] https://lnkd.in/gpCnDcsr

XRP Ledger Community Faces Setbacks 📉: Volume Plummets & Fees Skyrocket Discover how a 65% drop in transactions and rising fees are shaping Ripple's strategy. Will new tokenized assets and a Ripple USD #stablecoin turn the tide? Dive into the future of #XRPL ⬇ https://lnkd.in/ghGhZnf8

Ethereum transaction fees hit a five-year low recently, lowering the burn of Ether, per Kaiko research report. The validator that processes transactions receives a tip of gas fees from all transactions in the block. The base fees are then burned and permanently removed from circulation to help reduce the supply of Ether. With gas fees dipping to a low, less and less Ether is being burned, leading to an increase in the altcoin’s supply since April. Despite demand drivers like institutional capital inflow to Exchange Traded Funds (ETFs), rising supply has the potential to dampen ETH’s price in the near future. Bitcoin and XRP prices broke sticky resistance levels at $60,000 and $0.60, respectively. The two cryptocurrencies rallied on Tuesday amidst a market-wide recovery supported by an increased appetite for risk. The top 30 cryptocurrencies by market capitalization yielded gains in the past 24 hours, according to CoinGecko data. Chart of the day NEAR NEAR/USDT daily chart NEAR is in a downward trend since the March 15 top of $9.010. The token trades at $4.113 at the time of writing, extending gains by nearly 3% on Tuesday. If momentum holds, NEAR could rally another 30% towards the Fair Value Gap (FVG) extending between $5.373 and $5.395. NEAR faces resistance at $4.279, which acted as a key support level for the token between February and August and the FVG between $4.450 and $4.572. The Relative Strength Index (RSI) reads 43.80, climbing towards the neutral level at 50. NEAR could sweep liquidity in the imbalance zone between $3.430 and $3.655, as seen in the NEAR/USDT chart above.

📊🚨 #Litecoin network transactions surge 768% in 60-days. ❝#Litecoin price grew 8% on March 20, surging towards from $77 to $86 within the 24-hour timeframe: a rare network transactions trend suggests LTC could advance towards $100 in the days ahead.❞ - Between Jan 22 and March 21, the Average Transaction size on the Litecoin network has increased by 768%. - Increased liquidity and market depth enables fluid trade execution among network participants, potentially attracting new entrants. 🔗 ⬇️Read more: crypto.news Data source: IntoTheBlock | #Coinglass https://lnkd.in/dA8et9uh

Uniswap’s trading volume by chain provides some interesting signal amongst the growing noise on L2s — while also shining a light on Ethereum L1s continued dominance. Case & Point: 1. Ethereum L1 still controls 64% of Uniswaps trading volume. It was 72% last year. And 90% in 2022. 2. The number 1 L2 in terms of Uniswap volume? Arbitrum. It commands an 18.6% market share today (up slightly from 18.4% in ‘23 (2.5% in ‘22). 3. The number two L2? Base. Base has a 6% market share today. 4. Which chains are losing market share of Uniswap volume? Polygon has 4.6% today (5.3% in ‘22). All other chains are growing market share except for ETH L1. Uniswap has to share economics with all of these chains (MEV, transaction fees, etc.) But that's all changing now. Today Uniswap announced "Unichain" on Optimism. A move that integrates their product suite and allows them to control more of the value chain. The market seems to like the move as it's up 12% on the news. Data: Uniswap trading volume by chain powered by Token Terminal

Ethereum: These 2 major factors will help shape ETH’s Q2 prices Bullish Ethereum whales got liquidated due to highly volatile price movements. Holders remained unprofitable despite rising prices. Ethereum [ETH] has experienced massive volatility over the past week, causing traders to lose money left right and center. Whales see red Not only retail investors, but some whales have also been subject to liquidations over the past […] https://lnkd.in/g8pe22GH

Ripple v. SEC: XRP/Ripple Price Surge and Rescheduled SEC Meeting XRP is in the spotlight once again, experiencing a significant price surge amid speculation surrounding a key legal dispute with the U.S. Securities and Exchange Commission (SEC). As of this week, XRP's trading volumes have surpassed Bitcoin on major South Korean exchanges, reflecting a heightened market interest. From Tuesday to Thursday, XRP accounted for nearly 40% of trading activity on UpBit and over 35% on 빗썸코리아(Bithumb Korea) and Korbit, marking a notable 20% price increase during the same period. This surge in trading volume highlights a temporary shift in market dynamics, with XRP briefly overtaking Bitcoin and Tether.io's USDT in South Korea. However, traders are cautiously watching for potential market corrections that could temper the current sentiment. The price momentum for XRP is further fueled by recent developments in the regulatory sphere. The SEC has rescheduled its closed meeting to July 25, which has intensified speculation about a possible settlement in the Ripple case. The meeting's new date, now confirmed on the SEC’s website, has already impacted XRP’s price, leading to a 3% increase following the announcement. The renewed focus on XRP follows a recent period of heightened volatility. Last month, the regulator demanded a $2 billion fine for unregistered sales to institutions, while Ripple has proposed a maximum of $10 million in settlement. The anticipation around this potential settlement led to a sharp sell-off when the initial meeting was unexpectedly canceled, causing XRP’s price to drop by nearly 10%. As the market reacts to these developments, XRP’s trading volume on global exchanges like Binance and OKX has also seen an increase, though it has not surpassed Bitcoin or Ether (ETH). Open interest in XRP-tracked futures has more than doubled, showing a bullish sentiment among traders. Despite the recent surge, the broader market faced a downturn on Friday, with Bitcoin regaining its position above XRP. The CoinDesk 20 Index (CD20) fell by 1.9% in 24 hours, with BTC down 1.3% and XRP experiencing a decline of up to 8%. Bradley Park, a Web3 analyst at CryptoQuant, states that the intense trading activity is due to local media coverage and influencer discussions about XRP, driven by recent SEC-related news. Ripple Labs CEO Brad Garlinghouse comments on Bloomberg TV, suggesting a resolution to the SEC dispute, have further fueled market speculation. As the situation evolves, the crypto community remains focused on the upcoming SEC meeting and its potential implications for Ripple and XRP. Stakit continues to monitor these critical developments and their impact on the cryptocurrency landscape. Stay updated with Stakit as we track and analyze the latest shifts in the world of crypto. #cryptocurrency #Ripple #SEC #finance #blockchain #bitcoin #SouthKorea