Covers news and developments related to various alternative cryptocurrencies (altcoins) excluding Bitcoin
Ripple CEO @bgarlinghouse criticized JPMorgan’s Jamie Dimon for misrepresenting the Digital Asset Market Clarity Act, asserting that clarity in crypto regulation is essential for industry growth. #Update #Crypto $XRP
Stablecoin liquidity on the XRP Ledger has surged nearly 97% to about $770 million, positioning Ripple’s RLUSD as a key player in automated payments for AI agents. #Update #Crypto $XRP
Ripple CEO Brad Garlinghouse emphasizes the industry’s need for equal protections, as Standard Chartered forecasts $4B-$8B inflows into U.S. spot XRP ETFs if legislation passes. XRP sentiment hits an 8-month low, historically a buy signal. #Update #Crypto $XRP
Monero ($XMR) prices surged to $438 as ZachXBT traced $120 million in suspected laundering, with Tether freezing 72 million USDT linked to the activity. #Update #Crypto $XMR
XRP surged 3.3% to $1.14, driven by strong institutional buying, breaking resistance at $1.12 with 120.2 million XRP traded, as Ripple announces Bitso’s MXNB stablecoin launch on XRPL. #Update #Crypto $XRP
Ripple and Bitso integrate MXNB and RLUSD stablecoins on XRP Ledger for enhanced cross-border settlement, targeting the U.S.-Mexico corridor. #Update #Crypto $XRP
Dogecoin trades 34% below realized price, signaling capitulation as on-chain metrics show substantial unrealized losses. Market remains weak with bearish indicators. #Update #Crypto $DOGE
XRP inflows to Binance have decreased, indicating reduced whale selling pressure as XRP targets $2. Current price: $1.14. Analysis suggests potential revisit to $1.8-$2 range. #Update #Crypto $XRP
@IagonOfficial’s Cardano Vault, built with Fireblocks, aims to enhance institutional DeFi operations by integrating compliance and operational controls. Current total value locked in Cardano is $141.2M. #Update #Crypto $ADA
@SBI Shinsei Bank is offering crypto deposit rewards, redeemable for $BTC, $ETH, or $XRP, as part of a campaign to enhance deposit retention amid rising interest rates in Japan. #Update #Crypto $XRP
$SOL’s price remains around $63 despite Solana spot ETF AUM exceeding $1B and May inflows of $115.3M, as network activity does not translate to direct value capture for holders. #Update #Crypto $SOL
Ripple CEO Brad Garlinghouse criticizes JPMorgan’s Jamie Dimon for opposing the Clarity Act, suggesting Dimon aims to protect JPMorgan’s interests against crypto competition. #Update #Crypto $XRP
@Bitso is integrating its MXNB stablecoin on the XRP Ledger with Ripple’s support for US-Mexico enterprise payments, enhancing cross-border transactions valued at $935.1 billion in 2024. #Update #Crypto $XRP
@SpaceX shares will trade as $SPCX on Solana the same day it lists on Nasdaq, enabling continuous trading and token redemption through Backpack Securities. #Update #Crypto $SPCX
