Flare enables XRP holders to borrow RLUSD on Ethereum using FXRP as collateral, unlocking institutional DeFi liquidity without selling XRP.
Ripple President Monica Long commented on the company's new investments in the ZILO and Licuido platforms, calling the deal a response to the banking sector's fundamental shift toward blockchain.
The psychological $1 level continues to be the market's most crucial line in the sand as XRP has once again fallen into a technically precarious position. The asset has lost bullish momentum after multiple unsuccessful attempts at recovery over the past month, and it is currently trading around $1.07, with little space before another test of significant support.
XRP holders can now borrow RLUSD against their coins on Ethereum without selling, through a $280 million vault that had never accepted an XRP-linked asset before.
U.S.-listed spot altcoin ETFs were largely stuck in a holding pattern in the latest session, with meaningful activity concentrated in just two corners of the market: continued inflows into XRP (XRP) products and a second straight day of outflows from Hyperliquid (HYPE) exposure. XRP spot ETFs collectively drew $1.15 million in net inflows, extending their streak to four consecutive trading days of positive flows.
Leading cryptocurrencies lacked momentum on Monday as traders balanced geopolitical risk from Iran against selling pressure from large corporate Bitcoin treasuries. Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:20 p.m.
XRP is approaching a critical technical level that could determine whether its recent recovery continues or stalls. After rebounding from recent lows, the cryptocurrency has climbed toward a cluster of major moving averages that have repeatedly capped bullish momentum during the broader downtrend.
Ripple invested in Zilo and Licuido to expand the XRP Ledger's institutional capital markets infrastructure. The deals add regulated fund administration, issuance, trading, settlement, and collateral tools for tokenized assets. Ripple Expands Institutional Tokenization Infrastructure Ripple announced strategic investments in Zilo and Licuido on Aug.
The integration enables converting XRP tokens into FXRP via the Flare network to deposit them as collateral on the Ethereum mainnet. The Sentora RLUSD vault manages nearly $280 million deposited across Morpho Blue's DeFi infrastructure. The process provides access to dollar-linked liquidity without requiring the direct sale of underlying XRP holdings.
XRP users are facing a new phishing campaign involving fake websites impersonating major platforms connected to the XRP ecosystem. Xora Finance and Xaman warned holders about fraudulent links, fake support accounts, and wallet-draining attempts. A fake Flare Network staking website reportedly stole 3.4 million XRP from 71 investors, according to South Korean authorities.
XRP Ledger developers and users can now connect to globally distributed public nodes operated by Ankr, expanding network access ahead of the expected xrpld v3.3.0 release.
Increased US borrowing may elevate bond yields, impacting financial markets and potentially boosting stablecoin demand, affecting crypto liquidity. US Treasury raises July-September borrowing estimate to $739B, signaling fiscal pressure that could ripple into crypto.