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XRP in Focus as RLUSD Sees $100M Minted on Ripple Payments Boost

Over $100 million in Ripple USD (RLUSD) has been issued since April 1, among the highest levels in recent months, as demand for the relatively new stablecoin heats up.
A $50 million tranche of RLUSD was issued earlier this week on Tuesday, with another $50 million late Wednesday. That came as Ripple added the stablecoin to its official payments product, with payment providers BKK Forex and iSend already said to be using the stablecoin.

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Industry leaders expect RLUSD to further shift crypto market dynamics, where upstarts tether (USDT) and USD Coin (USDC) could see competition from Ripple’s product.
XRP Ledger-based decentralized financial (DeFi) applications could be a cohort to watch for as RLUSD gains traction on various platforms, boosting XRP token demand.
RLUSD is a stablecoin pegged 1:1 to the U.S. dollar, offered on the XRP Ledger and Ethereum blockchain. It is fully backed by U.S. dollar deposits, short-term U.S. Treasuries, and cash equivalents.
To maintain its peg, RLUSD relies on a 1:1 reserve system—each token matches an equivalent fiat value.
Users can mint RLUSD by depositing dollars with authorized partners, who issue tokens, or burn RLUSD to redeem cash. Market arbitrage helps stabilize its price: if RLUSD trades below $1, traders buy it to redeem at par, raising demand; if above $1, they mint more, increasing supply.
Security features make RLUSD appealing to institutional users. An XRP Ledger amendment in January saw a “clawback” feature go live on the network, allowing the issuer to reclaim or “claw back” certain tokens, such as RLUSD, from users’ wallets under specific conditions.
This feature is typically implemented for regulatory compliance, to recover assets in cases of fraud, illegal activities, or when tokens are sent to unintended addresses.

XRP in Focus as RLUSD Sees $100M Minted on Ripple Payments Boost | Headlines | News

Over $100 million in Ripple USD (RLUSD) has been issued since April 1, among the highest levels in recent months, as demand for the relatively new …

Ripple’s RLUSD debuts on Kraken surpasses $10B in volume: Guest Post by Cryptopolitan_News

Ripple’s RLUSD is now available for trading on Kraken, joining major exchanges like Bitso, Bitstamp, and Archax. With over $10 billion in cumulative trading volume, the stablecoin is gaining momentum.

Trump Tariff Makes Crypto Bleed: Is More Pain Ahead—Check Now: Guest Post by Coin_Gabbar

Trump tariff announcement triggers a global crypto crash. Which countries were hit hardest—and is more pain coming? Find out the full impact now

Secure Your Profits Before It’s Too Late: Arctic Pablo Coin’s 9,084.48% ROI Explosion– $0.008 Listing Price on the Horizon as ANDY and ai16z…: Guest Post by CFN

What if the next big crypto opportunity was staring you in the face? Imagine an early investment that could skyrocket in value—sounds tempting, right? With meme coins taking center stage, the market is buzzing with exciting new entrants. Arctic Pablo Coin Shines as...

Global Markets and Crypto Slide as Trump Unveils Sweeping Reciprocal Tariffs: Guest Post by UNLOCK_ENG

Global financial markets and the cryptocurrency sector saw sharp declines overnight after President Donald Trump unveiled reciprocal tariffs on nearly 200 U.S. trading partners. The new policy introduces a baseline 10% tariff on all imports, exempting USMCA-compliant...

Galaxy Digital UK Arm Secures FCA License

The FCA license will allow Galaxy Digital to offer derivatives trading capabilities in the UK, allowing to expand its institutional reach.

Wobble in Bitcoin, Ether, XRP Prices Cause Crypto Bulls and Bears to See $450M Liquidations Each

Higher-than-usual market volatility affected bulls and bears alike as crypto futures racked up $450 million in liquidations in the past 24 hours as U.S. tariffs went into play.
President Donald Trump officially levied a 25% tariff on auto imports and a minimum 10% tariff on all exporters to the U.S. Additional duties were imposed on the nation’s biggest trading partners in Asia and the European Union, with China facing a 50% hike on several goods and a 26% fee on some Indian goods.

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Turmoil in markets ensued with gains from the past three days wiped out in U.S. indices and cryptocurrencies. Asian markets tumbled early Thursday and U.S. 10-year Treasury yields slumped to the lowest level in more than five months. Gold set yet another record high.

Bitcoin inched above $87,000 as investors hoped for leaner long-term effects of the economic changes, with signs of a risk-on environment emerging at the start of the week. Majors ether (ETH) and xrp (XRP) traded above $1,900 and $2.15, respectively, with technical analysis suggesting higher moves in the near term.
But the euphoria was short-lived as crypto majors dipped as much as 5% from Wednesday’s highs before gradually stabilizing.
In Asian morning hours on Thursday, bitcoin traded just above $83,500 while ether traded slightly over $1,800 — effectively reversing all gains from Tuesday after a sudden drop following the Tokyo open.
That caused over $230 million in liquidations on both bullish and bearish bets, data shows, in an unusual move. BTC-tracked futures registered over $172 million in long and short liquidations alone, followed by ETH futures at $120 million and smaller altcoins at $50 million.
Liquidation refers to when an exchange forcefully closes a trader’s leveraged position due to a partial or total loss of the trader’s initial margin. It happens when a trader is unable to meet the margin requirements for a leveraged position (fails to have sufficient funds to keep the trade open).
Single-sided large liquidations can signal the local top or bottom of a steep price move, which may allow traders to position themselves accordingly. However, Thursday’s liquidations can be considered a sign of market uncertainty.

Standard Chartered predicts Avalanche’s AVAX to 10x by 2029

Key takeaways According to Standard Chartered analysts, AVAX could surge to $250 by 2029. Bitcoin Pepe’s presale is inching closer to $6m amid growing investor demand.  AVAX could hit $250 in four years Standard Chartered’s Geoff Kendrick is bullish about Avalanche’s...

XRP Nears Topping Pattern That Could Lead to a Downtrend, Establishing $1.07 as Support: Technical Analysis

Tariffs-led risk-off has payments-focused cryptocurrency XRP trading close to the support zone near $2, a crucial level for confirming a significant topping pattern and renewed downtrend.
We are referring to the head-and-shoulders pattern, comprising three peaks, with the middle being the highest. A horizontal line drawn from the base of the three peaks, the neckline, marks the key demand zone.

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In XRP’s case, the $1.90-$2 range has been that demand zone since January. So, a price move below the same would trigger the H&S breakdown, confirming a bullish-to-bearish trend change.
A potential breakdown could see prices nearly halve to $1.07, according to veteran analyst and trader Peter Brandt. Chart analysts identify targets using the measure move method, which involves determining the distance from the top of the head to the neckline and subtracting that distance from the breakdown point, in this case, $2.

XRP’s daily price chart. (TradingView/CoinDesk)
On the higher side, $3, or the lower high created in early March, is the level to beat for the bulls.

Bitcoin Nears Death Cross, Yuan Tumbles with Asian Markets After Trump Tariffs Put Focus on China’s Response

Bitcoin Nears Death Cross, Yuan Tumbles with Asian Markets After Trump Tariffs Put Focus on China’s Response

It’s a risk-off day in Asia as traders look to Beijing’s response to U.S. President Donald Trump’s sweeping reciprocal tariffs on China and other Asian nations.
On Wednesday, Trump announced reciprocal tariffs on imports from 180 nations, including higher taxes on trading partners identified as worst offenders, such as China and the European Union.

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Trump imposed a new 34% tariff on goods from China in addition to the existing 20% tax, bringing the total levy to 54%, the highest for any nation. Meanwhile, the latest action did not affect Canada and Mexico.
Observers say the ball is now in China’s court, and the nature of its retaliation could determine the market reaction.
“Everything now depends on China. If China devalues the Yuan in response to today’s large, additional US tariffs, that sets off a global risk-off that hits EMs first and then – if it persists – spills back to the US. China has so far kept a very low profile. That may now end,” Robin Brooks, managing director and chief economist at the International Institute of Finance, said on X.

Early Thursday, Beijing urged the U.S. to lift tariffs while vowing retaliation immediately. Meanwhile, the Chinese yuan dropped to a seven-week low of 7 RMB/USD alongside losses in the Asian equities and an impending death cross on bitcoin (BTC).
Letting the yuan depreciate, which makes Chinese goods more attractive in international markets, is one way to counter Trump’s tariffs. That said, it could spell trouble for carry (currency) trades and scare financial markets, as observed in 2015 and 2018.
Besides, potential intervention by the People’s Bank of China (PBoC) to stall a rapid yuan decline can boost the dollar index, inadvertently weighing over risk assets, including stocks and cryptocurrencies.
It’s no coincidence that Asian equities traded in the red at press time, with Japan’s Nikkei hitting an eight-month low. The U.S. stock futures fell over 2%, pointing to risk-off mode.
Bitcoin (BTC), the leading cryptocurrency by market value, traded near $83,300, having dropped from $88,000 to $82,500 following Trump’s tariffs announcement, according to CoinDesk market data.
The 50-day simple moving average (SMA) of the cryptocurrency’s spot price appears on track to cross below its 200-day SMA, confirming what is known as the “death cross” bearish technical pattern.

BTC’s daily chart. (TradingView/CoinDesk)
Though it has a mixed record of predicting price trends, the latest cross happening against the backdrop of escalating trade tensions warrants attention – more so, as options pricing now shows bias for puts or downside protection out to the June end expiry, according to Deribit and Amberdata.

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