The XRP Ledger has recorded the first cross-border, cross-bank redemption of tokenized U.S. treasuries in collaboration with Ripple, JPMorgan, Ondo Finance, and Mastercard.
XRP (CRYPTO: XRP) is up 5% in a week, and traders point to strengthening momentum and a possible larger move ahead. Momentum Signals Strength Trader Cryptoinsightuk said XRP is forming a strong base around $1.40 on the weekly chart, a level viewed as highly bullish.
The transaction represents an example of crypto firms and Wall Street institutions jointly exploring 24/7 settlement systems.
Ripple CEO hints at what could be the biggest crypto deal yet.
A new CoinShares survey covering asset managers overseeing $1.3 trillion in assets identified an important shift in the psychology of major fund managers. Against the backdrop of a broader decline in risk appetite, professional investors have started "cleaning up" their portfolios, leaving only assets with clearly defined value propositions.
XRP liquidity slumps to a 5-year low, raising pressure cooker moves.
XRP is trading at $1.45 as the new week opens. It is quietly staging one of the more interesting recoveries it has managed since the cycle peak.
"We're getting the Clarity Act", says Ripple CEO Brad Garlinghouse despite the long stretch uncertainty in the Congress.
XRP treasury firm Evernorth's CEO, Asheesh Birla, has explained how his company differs from other digital asset treasuries (DATs). He stated that they intend to actively generate yields for investors as soon as they list on the Nasdaq under the ticker ‘XRPN.
XRP ETFs led the spotlight in April with $81.59M in net inflows, signaling rising institutional demand.
The positive net position change and slightly higher deposit transactions present a threat.
Zcash (CRYPTO: ZEC) is up 30% in the last 24 hours as Multicoin Capital disclosed a significant position and the privacy coin's quantum resistance narrative gains traction. Multicoin Reverses 2019 Stance On Privacy Coins Multicoin Capital built a significant Zcash position, Co-Founder and Managing Partner Tushar Jain revealed at Consensus Miami.