XRP Rally Pressures 115 Million Token Short
Leveraged funds doubled their CME XRP net short to 2,314 contracts, totaling 115.7 million XRP, while dealers and asset managers increased net longs amid rising open interest. #Update #Crypto $XRP
Altcoins
Covers news and developments related to various alternative cryptocurrencies (altcoins) excluding Bitcoin
Solana Stakers Face 99.4% Yield Cuts
Solana’s governance vote SGP-0002, aiming to double disinflation, sees 90.6% support but faces opposition from @Solana Company, which relies on staking revenue for 99.4% of its Q2 income. #Update #Crypto $SOL
XRP ETFs Soar as Citadel Backs Bullish Positions
@Citadel’s massive Q2 investment in XRP ETFs signals bullish sentiment, with holdings including 79,500 contracts in Canary XRP ETF and a price rebound of nearly 10% today. #Update #Crypto $XRP
XRP Powers Bank for International Settlements Data Security
The Bank for International Settlements published Working Paper No. 1374, detailing a blockchain system on the XRP Ledger for tamper-proof economic data verification; it’s a proof of concept, not production. #Update #Crypto $XRP
Memecoin App Surges as Robinhood Chain Activity Soars
@Pons generated nearly $6 million in fees for token creation and trading in a single day, surpassing usage fees of @Pump, @Hyperliquid, and even @Robinhood Chain. #Update #Crypto $DOGE
Bitcoin Funds Rebound as Ether XRP Streaks End
US-listed spot $ETH and $XRP ETFs saw net outflows of $48M and $7.2M, respectively, ending their inflow streaks, while Bitcoin ETFs attracted $101.2M amid a market decline. $ETH down 3.4%, $XRP 2.4%, and $BTC 1.3%. #Update #Crypto $ETH
Bitcoin Gains as Dogecoin Dips for Japan Firm
@Remixpoint sold its $DOGE holdings below fiscal-year opening value while realizing gains on $ETH, $SOL, and $XRP, shifting focus to $BTC. #Update #Crypto $DOGE
Bitcoin Surges Above $77500 as XRP Leads
Bitcoin is back above $77,500, with XRP leading major tokens as every major cryptocurrency shows gains over 24 hours amid Fed hike odds nearing 66%. #Update #Crypto $BTC $XRP
XRP Surges with $474 Million ETF Boost
XRP could rise above $2.14 by late November, driven by $474M in ETF inflows over six months, despite a leveraged short position of 115.7M XRP #Update #Crypto $XRP
Bitcoin-Only Treasury Remixpoint Dumps Ethereum XRP
Japanese company Remixpoint sold $ETH, $SOL, $XRP, and $DOGE for ¥878.8M ($4.47M), focusing on Bitcoin-only treasury strategy. #Update #Crypto $BTC
Bitcoin Treasury Expansion Cuts XRP and DOGE
@Remixpoint has sold all altcoins, including $ETH, $SOL, $XRP, and $DOGE, for ¥878.8M (~$5.5M), now holding 1,506 BTC as part of a Bitcoin treasury strategy. #Update #Crypto $BTC
Bitcoin Rises as Remixpoint Dumps Altcoins
@Remixpoint sold $5.5M in altcoins, focusing solely on $BTC with 1,506 BTC remaining, after booking a $736K gain; DOGE sale incurred a loss. #Update #Crypto $BTC
Bitcoin Stands Alone as Japan’s Remixpoint Dumps Altcoins
@Remixpoint sold $5.5M in altcoins, focusing solely on $BTC with 1,506 BTC remaining. The sale yielded a net gain of $736K despite a loss on $DOGE. #Update #Crypto $BTC
Bitcoin ETF Outflows Surge as XRP Gains
Bitcoin holds above $76,000 despite a 2.2% hourly dip, maintaining a 17.8% daily gain; key support at $75,000 and resistance at $78,000. #Update #Crypto $BTC