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XRP momentum stalls as SEC delays 21Shares XRP ETF decision
NFT Gaming

rally to $5 likely as RLUSD nears $700m milestone

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XRP price remained in a local bear market this week after plunging by 20% from its highest point this year. 

Summary

  • XRP price has crashed by 20% from its highest level this year. 
  • The Ripple USD stablecoin is nearing $700 million market cap.
  • Technical analysis points to more gains, potentially to $5. 

Ripple (XRP) token was trading at $2.90 on August 21, but the ongoing stablecoin growth and bullish technicals indicate an eventual rebound to $5 and beyond. 

Ripple USD is nearing a $700 million milestone 

One potential catalyst for the XRP price is that its stablecoin growth is accelerating. CoinMarketCap data shows that Ripple USD (RLUSD) has attained a market capitalization of over $666 million, much higher than the $527 million it had in the same period last month.

This growth has made it the third-largest stablecoin regulated in the United States, after USD Coin (USDC) and PayPal USD. The momentum will likely surge now that the US has passed the GENIUS Act.

More data shows that individuals and institutions are using RLUSD. According to Artemis, the number of transactions in the last 30 days jumped to 413,000, while the transaction volume rose by 53% to $2.7 billion.

One of these transactions was on the recent Bullish IPO. Unlike other companies going public, Bullish opted to receive its funds using a combination of stablecoins, including RLUSD. Stablecoins are faster and more cost-effective than other options.

There is a likelihood that the RLUSD stablecoin will be used in the upcoming Gemini IPO. Ripple Labs recently extended a $75 million credit line to the company, in a deal that likely involved RLUSD.

XRP price will likely benefit from the ongoing RLUSD stablecoin growth because it will lead to more activity in the XRP Ledger, attracting fees. 

The other potential catalyst for the XRP price is that the SEC will likely approve the ten ETFs that have been filed by companies like Franklin Templeton and Bitwise.

XRP price technical analysis

XRP price chart | Source: crypto.news

The daily timeframe chart shows that the XRP price has moved downward in the past few weeks. It has crashed from a high of $3.6553 on July 18 to the current $2.88.

The ongoing pullback is part of the handle section of the cup-and-handle pattern whose depth is about 52%. Therefore, measuring the same distance from the cup’s upper side points to an eventual surge to above $5. 

The bullish view is supported by the fact that it has remained above the 50-day and 100-day moving averages. 



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Nvidia, Tesla Stocks on Tron: xStocks Expand After Hitting Trading Milestone

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In brief

  • xStocks, a feature which allows users to traded tokenized versions of companies like Nvidia, Apple, and Meta, is expanding to Tron.
  • The tokenized stocks are backed 1:1 with real shares in the underlying companies.
  • xStocks so far have generated more than $500 million in on-chain trading volume.

Tokenized versions of Tesla, Nvidia, Apple, and other major stocks are now available for trading on the Tron network thanks to a collaboration between the Tron DAO, Kraken, and Backed—the firm behind xStocks, which offers global investors access to tokenized equities. 

The feature’s expansion comes shortly after xStocks eclipsed more than $500 million in on-chain trading volume to date, according to data from its official Dune dashboard. 

“Expanding xStocks to Tron, a network that settles over $20 billion daily, will significantly boost brand visibility and adoption,” Kraken Global Head of Consumer Mark Greenberg told Decrypt. “More importantly, it brings us closer to a fully permissionless, borderless, and interoperable market where anyone can trade tokenized equities around the clock.”



Backed’s xStocks feature allows users to gain exposure to American equities via on-chain tokens that are 1:1 backed with actual shares in each respective company. Previously available to users on Solana and BNB Chain, and offered via centralized exchanges like Kraken, these tokens will now be available via TRC-20 tokens on Tron. 

“This collaboration highlights how Tron’s decentralized network can bring tokenized equities into a more open, transparent, and accessible environment,” said Tron founder Justin Sun, in a statement. 

“Tokenized equities represent a natural evolution for crypto, bridging traditional markets with blockchain,” he added. “As demand for popular equities meets a global base of previously excluded users, we’ll see a more efficient, flexible, and accessible market.”

To date, the network is arguably best known for its substantial stablecoin usage, which has grown by about $23 billion in the last year according to data from DefiLlama. The network holds $82.8 billion in stablecoins—primarily Tether’s USDT—trailing only Ethereum, which maintains $143 billion in stablecoins at the time of writing.

xStocks have generated more than $2.9 billion in volume between centralized exchanges and their decentralized counterparts, though the split falls heavily in favor of centralized exchanges which have accounted for more than 95% of the volume according to the official xStocks Dune dashboard. Over $500 million of that trading has taken place on-chain, per the dashboard.

The tokenized equities currently account for around $46.4 million in assets under management, more than 20% of which can be attributed to tokenized shares in Elon Musk’s Tesla (TSLA). 

As for bigger goals, Backed is focused on continuing to expand its xStocks product offering.

“Our priority is expanding the xStocks Alliance—bringing more partners, blockchains, and applications onboard as we deliver the gold standard in tokenized equities offerings,” Greenberg said. “That’s where the real growth happens.”

More features, chain integrations, and new offerings are expected in the coming weeks, he added. 

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New XRP Burn Milestone Achieved, Can Price Keep Up?
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New XRP Burn Milestone Achieved, Can Price Keep Up?

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XRP Ledger just hit a significant deflationary milestone, with the total XRP burned surpassing 14 million. The newly reached 14 million XRP burn milestone is the highest on record, indicating ongoing on-chain activity and steady growth in network usage.

Unlike other cryptocurrencies that rely on halving mechanisms or caps, XRP employs a built-in burn system where a small amount of XRP is destroyed with every transaction. This design aims to reduce spam on the network and, over time, slowly decrease the total supply.

According to the most recent count from XRPScan, a total of 14,003,265 has been burned, highlighting continued usage within the XRPL ecosystem.

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While the price hasn’t yet responded in a major way, such milestones contribute to the narrative of XRP as a maturing asset with active on-chain activity.

According to Santiment, XRP Ledger has recently demonstrated significant growth, both in terms of usage and important stakeholders, with the number of interacting XRP addresses averaging over 295,000 per day, compared to a usual daily average of 35,000 to 40,000 over the previous three months. For the first time in the asset’s nearly 12-year history, there are now over 2,700 whale and shark wallets holding at least 1 million XRP.

Can XRP price keep up?

According to CoinMarketCap data, XRP was trading at $2.13 as of this writing. With XRP trading above $2, it is more than three times higher than its base price before the rapid increase in November 2024, and investors who accumulated earlier are sitting on over 300% returns.

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However, a twist occurred: According to Glassnode, early holders began realizing profits at a rate of $68.8 million per day, indicating a wave of distribution.

If this trend continues, XRP might go to $2, an important support level to watch. If the $2 level cracks, XRP might fall below $1.61.

On the contrary, if buying pressure returns to the market and the price turns up from the current level, breaching the 50-day SMA at $2.27, it indicates that XRP may remain within the range for some time. A break above $2.65 might kickstart a fresh uptrend for the XRP price.



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Esports

Lies of P dev team gets Switch 2 consoles to celebrate huge sales milestone

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Lies of P, the well-received Soulslike from South Korean developer Round8, has surpassed a new sales milestone, prompting publisher Neowiz to commence studio-wide celebrations for staff.

Released in 2023, Lies of P is a loose adaptation of Carlo Collodi’s The Adventures of Pinocchio, casting players as the latter’s titular puppet in a dystopian world where humans have largely been wiped out.

On June 20, 2025, South Korean publication The Elec reported that Lies of P, along with its Overture DLC – shadow dropped during Summer Game Fest 2025 – had cumulatively sold over 3 million copies.

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In 2024, Neowiz announced that Lies of P had recorded over 7 million players worldwide. The obvious discrepancy between this figure and actual sales is likely due, in large part, to the RPG being available through Microsoft’s Game Pass service. Any games played through the latter aren’t recorded as sales.

Lies of P was removed from Game Pass on March 15, 2025.

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Hard work rewarded

To recognize the game’s success, Elec reports that all members of the Lies of P team received a 10 million won individual bonus ($7,500 USD), two weeks of paid vacation, and a Nintendo Switch 2.

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‘Lies of P’ has officially sold 3 million copies

As a gift, all staff members received $7,500 in bonus pay, a Switch 2, and two weeks of paid vacation pic.twitter.com/kini3uQLi6

— Dexerto (@Dexerto) June 20, 2025

During a period where layoffs in the games industry have become a recurring event, catching wind of a developer being rewarded for their hard work is welcome news.

Picking up Lies of P for the first time? Check out our builds guide for all playstyles as well as our review, if you’re still on the fence.





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XRP Burn on Verge of 14 Million Milestone: Details
NFT Gaming

XRP Burn on Verge of 14 Million Milestone: Details

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XRP Ledger is on the verge of reaching a significant deflationary milestone, with the total number of XRP burned already approaching 14 million tokens. According to the most recent count on XRP Ledger explorer, XRPscan, XRP burned has reached an all-time high of 13,985,106.

This figure, while minor in comparison to XRP’s massive supply, represents a significant marker in XRP Ledger’s ongoing commitment to utility and network health.

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Unlike traditional token burn mechanisms such as buybacks or community-led campaigns, XRP burns occur naturally via transaction fees on XRP Ledger. Each transaction contains a small amount of XRP that is permanently destroyed, which aids in spam prevention and network efficiency.

Over time, this has led to the steady burning of XRP, with the current total approaching 14 million XRP.

XRP Ledger developments

The past week which concluded the XRP major community event, XRPLApex saw fresh announcements for the XRP ledger. In one of such, it was announced that USDC is now live on XRP Ledger.

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With the launch of native USDC on the XRPL, developers, institutions and users get access to the world’s largest regulated stablecoin for enterprise B2B payments and financial infrastructure apps.

Ondo Finance’s flagship short-term U.S. Treasuries fund, OUSG, is now live on the XRPL, marking a significant milestone for tokenized real-world assets on XRP Ledger. Minting and redemptions would be through Ripple’s stablecoin, RLUSD.

XRP was trading at $2.19 as of this writing, following a week-long sell-off.



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HYPE price eyes $50 as Hyperliquid crosses $2b milestone
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HYPE price eyes $50 as Hyperliquid crosses $2b milestone

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Hyperliquid jumped by 330% from its lowest level in April and could be on the verge of more gains after crossing a key $2 billion milestone.

Hyperliquid’s (HYPE) price was trading at $40.4 on Sunday, June 15, a few points below the all-time high of $43.96. Its market capitalization has moved to $13 billion, while its fully diluted valuation rose to $40.75 billion.

DeFi Llama data shows that the total value locked of Hyperliquid’s layer-1 chain has jumped to $2.01 billion after soaring by 70% in the last 30 days. This growth makes it the 11th biggest chain in the crypto industry, passing popular networks like Cardano, Hedera Hashgraph, and Near Protocol. 

The biggest players in Hyperliquid’s layer-1 network are Hyperliquid itself, Hyperlend, Felix, Morpho, and Hyperbeat. 

Further data shows that Hyperliquid has become one of the biggest players in the stablecoin industry. It has $3.7 billion of stablecoins in its layer-1 network, a big increase from $2 billion in January this year. 

An increase in stablecoin volume is a sign that the network is highly active. Most importantly, Hyperliquid is the sixth biggest player in the stablecoin industry after Ethereum, Tron, Solana, BNB Chain, and Base. 

Meanwhile, Hyperliquid’s perpetual exchange has continued to gain share in its industry. It handled over $4.43 billion worth of transactions in the last 24 hours, much higher than the other top-ten platforms combined. Its monthly volume jumped to $242 billion. 

More data shows that investors are staking their HYPE tokens, as the staking market cap has jumped by 16% in the last seven days to $17.1 billion.

HYPE price technical analysis

Hyperliquid price chart | Source: crypto.news

The eight-hour chart shows the HYPE price has been in a strong uptrend in the past few months, moving from a low of $9.29 in April to $40 today. It has moved above the ascending trendline that connects the lowest points since May 12. 

Hyperliquid token is above the 50-period and 100-period moving averages and the key support at $39.94, the highest point in May. Therefore, the token will likely continue rising as bulls target an all-time high of $43.95. A move above that level will point to more gains, potentially to the psychological point of $50.



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AAVE price prediction: 28% surge likely after hitting a $745m staking milestone
Crypto Trends

28% surge likely after hitting a $745m staking milestone

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AAVE token continued its strong rally, reaching its highest point since Feb. 1 and rising 180% from its lowest level on April 7.

AAVE (AAVE) soared to $312 as network growth accelerated. Data shows that the total value locked on the network jumped to a high of $27.5 billion, up from the April low of $16 billion.

The total borrowed amount rose to $17.5 billion, up from $10 billion on April 13, a sign that the protocol is gaining traction.

AAVE’s fees have also jumped in the past few months. It generated $40 million in May, up from $33 million in April. Most notably, cumulative revenue crossed the key resistance level at $210 million and reached $211.7 million.

AAVE price has jumped as the amount of staked tokens climbed to the highest level since February. There are now $912 million worth of staked AAVE coins, up from this month’s low of $350 million.

The rally also coincided with a surge in futures open interest, which soared to a record high of $745 million, up from the year-to-date low of $180 million. Soaring open interest signals growing demand from investors.

Meanwhile, AAVE’s supply on exchanges has dropped from 3.8 million in December last year to 3.06 million today. The total supply in profit has jumped to 1.25 million, its highest level since January.

AAVE price technical analysis

AAVE price chart | Source: crypto.news

The daily chart shows that the AAVE token bottomed at $114.80, its lowest point on April 7. It recently broke above the resistance level at $282.10, its highest swing on May 27.

AAVE has formed a golden cross pattern, as the 50-day and 200-day Exponential Moving Averages continue to slope upward. Similarly, the Relative Strength Index and the Average Directional Index have both continued to rise.

The token will likely continue climbing as bulls target last year’s high of $398.85, its peak in December and 28% above the current level. A drop below the support at $282 would invalidate the bullish outlook.



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PayPal CEO Breaks Silence on Stellar (XLM) Milestone: Details
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PayPal CEO Breaks Silence on Stellar (XLM) Milestone: Details

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In a significant move for blockchain adoption and stablecoin utility, PayPal’s CEO has officially acknowledged a key milestone in the company’s dollar-pegged stablecoin expansion: PayPal USD (PYUSD) is set to launch on the Stellar network, pending regulatory approval.

PYUSD is coming to @StellarOrg, reaching a broader group of developers and unlocking new opportunities for the stablecoin. More blockchains, greater access – and we’re not stopping now. pic.twitter.com/DDfpb9JBzM

— Alex Chriss (@acce) June 11, 2025

PayPal confirmed in an official release that the PayPal USD (PYUSD) stablecoin will soon be available on the Stellar network, pending regulatory approval by the New York State Department of Financial Services (NYDFS).

PayPal USD (PYUSD) would employ Stellar for new use cases, including extending everyday payments, remittances and “PayFi” solutions to millions of customers and merchants.

This marks a significant expansion for PYUSD, PayPal’s dollar-pegged stablecoin, beyond its existing presence on Ethereum and Solana.

Acknowledging the milestone, PayPal CEO Alex Chriss wrote, “PYUSD is coming to Stellar, reaching a broader group of developers and unlocking new opportunities for the stablecoin. More blockchains, greater access—and we’re not stopping now.”

Expansion significant

An expansion to Stellar would provide PYUSD users with access to its wide network of on- and off-ramps, as well as expanded access via digital wallets and connections to local payment systems and cash networks.

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Access to the Stellar infrastructure will improve how users utilize PYUSD in their everyday financial activities, including payments, remittances and merchant services.

In April, PayPal expanded its partnership with Coinbase to accelerate the adoption, distribution and use of the PayPal USD (PYUSD) stablecoin.

The Stellar Development Foundation (SDF), a nonprofit entity, recently celebrated the third anniversary of its partnership with MoneyGram, which has facilitated nearly $30 million in total transactions.





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Bitcoin (BTC) Just Achieved This Tremendous Milestone
NFT Gaming

Bitcoin (BTC) Just Achieved This Tremendous Milestone

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Bitcoin, the leading cryptocurrency by market cap, has now spent more than 30 consecutive days above the make-or-break $100,000 level for the first time, CNBC reports.  

The top cryptocurrency reached the much-coveted level for the first time on Dec. 5. During the same month, Bitcoin experienced a substantial correction, retracing to a local low of $92,188 on Dec. 20.

In January, Bitcoin reached a new record high of $109,356, which remained untouched for several months. 

During the following months, the top coin experienced a substantial correction, plunging to a 2025 low of $76,600 on March 11.  

As reported by U.Today, the leading cryptocurrency recently approached a new all-time high. Earlier today, BTC dipped below the $109,000 level, but it remains seemingly on track to reach a new lifetime peak later this month, according to Polymarket bettors. 

After experiencing more volatility following the so-called “Liberation Day,” Bitcoin then ended up recovering in April and May, eventually reaching its current all-time high of $112,000 on May 22. 

In the meantime, Bitwise analysts have opined that Bitcoin’s fair value stands at $230,000 due to the fact that the cryptocurrency is emerging as a hedge against growing default risks.

Meanwhile, former Strategy CEO Michael Saylor recently opined that “crypto winter” was not coming back. 

Meanwhile, Bitcoin’s key price floor has now hit $48,000, meaning that it is unlikely to plunge below this level anytime soon. 



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Ethereum price eyes breakout, ETHA ETF nears $5b milestone
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Ethereum price eyes breakout, ETHA ETF nears $5b milestone

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Ethereum price may be on the verge of a bullish breakout to $4,000 after forming a bullish flag and a golden cross pattern, and as the iShares Ethereum ETF nears a crucial milestone.

Ethereum (ETH) was trading at around $2,500 at last check on Saturday — higher than this week’s low of $2,380.

A potential catalyst for ETH is the ongoing exchange-traded fund inflows, which have surged in the past few weeks. SoSoValue data shows that these funds have added substantial inflows in the past three weeks.

They added $25 million on Friday, the 15th consecutive day of gains, bringing the cumulative inflows to over $3.3 billion. All these funds now hold over $9.4 billion in assets, equivalent to 3.1% of Ethereum’s market cap.

The iShares Ethereum ETF, whose ticker symbol is ETHA, has had a cumulative inflow of $4.85 billion and is slowly nearing the $5 billion milestone. This growth is likely because BlackRock is the biggest name in the ETF industry, and it trades at a 0.35% discount to net asset value.

Rising Ethereum ETF inflows are notable because it is an indirect signal that American institutional investors are buying. 

More data shows that Ethereum’s network is doing well. For example, the total value locked in its decentralized finance ecosystem has jumped by 26% in the last 30 days to $130 billion. Its bridged TVL has moved to about $400 billion, while the stablecoins in its network have jumped to $125 billion.

Ethereum price technical analysis

ETH price chart | Source: crypto.news

The daily chart shows that ETH price surged in May and reached a high of $2,743, which coincided with the 50% Fibonacci Retracement level. 

It has now formed a bullish flag pattern, a common bullish continuation sign. This flag pole is about 50% long, and measuring the distance from its breakout zone gives the target price of $4,097. This target coincided with its highest point in 2024.

The other bullish case is that Ethereum price has formed a golden crossover as the 50-day and 200-day Weighted Moving Averages have crossed each other. This crossover often leads to more gains. For example, it happened in November last year, triggering a 35% jump. 



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