A sharp reversal saw bitcoin funds snap a six-week inflow streak, recording $1 billion in net outflows. Ether products also remained under pressure, while XRP and solana ETFs emerged as relative bright spots, continuing to attract fresh institutional capital.
US-based global investment bank Goldman Sachs is betting big on XRP, with reports revealing a massive stake in XRP Exchange Traded Funds (ETFs). The move comes as the regulatory conditions around XRP become clearer, prompting many institutions to begin accumulating the cryptocurrency globally.
Ripple's early push into banking partnerships may be finding new relevance in an unexpected place. One of its long-time collaborators has resurfaced at the center of X Money, the payments initiative tied to X's broader ambition to become a global financial super app.
CoinShares data showed nearly $1 billion leaving Bitcoin investment products as investors shifted toward selective altcoin exposure.
Banking giant Goldman Sachs has fully exited its positions in several cryptocurrency-focused exchange-traded funds (ETFs) amid subdued performance by the products.
CoinShares data shows $1.07b exited crypto funds, led by US vehicles, even as XRP, Solana and a handful of altcoins quietly attracted fresh institutional inflows. Digital asset investment products recorded net outflows of around $1.
A member of the Ripple community has called out Cardano founder Charles Hoskinson for helping derail XRP's growth through the ETHgate saga. In response, Hoskinson has defended himself, arguing that it is impossible he was involved in the XRP lawsuit.
A large-scale yet technically primitive attack targeting XRP Ledger asset holders has erupted on social media platform X. XRPL full-stack developer, Andrew Spencer, exposed massive reporting notifications in which fake accounts tag users under posts about the launch of "Season 1" of a supposed 10 million Ripple USD (RLUSD) stablecoin distribution.
Institutional Signal: RBC disclosed a stake in the Bitwise XRP ETF, marking its first reported indirect exposure to XRP through a regulated vehicle. Compliance Threshold: The XRP ETF's inclusion in a G-SIB's 13F filing indicates it passed legal, risk, and regulatory review, suggesting reduced uncertainty around XRP.
Crypto pundit BarriC has said that an XRP price rally to $10,000 isn't possible at the moment. He also revealed what needs to happen for the altcoin to potentially reach this level and even rally to $50,000.
David Schwartz rejected XRP meme coins as investments after FUZZY rumors spread, warning users not to confuse wallet activity with endorsement.
XRPL validators face a May 27 upgrade deadline as version 3.1.3 brings fixes for NFTs, domains, vaults and lending protocol tools.