Tag:

Ripple

Ripple Sees Abnormal 101% Spike in USD Stablecoin Volume, What’s Going On?

by admin May 22, 2025

Bitcoin hit an all-time high of $111,880, and the stablecoin market saw a significant jump in activity — with Ripple USD (RLUSD) being a standout. In the last 24 hours, RLUSD saw its trading volume more than double, jumping by 103.47% to reach $150.49 million, according to CoinMarketCap.

Even though it is ranked 15th among USD-pegged stablecoins by market cap, the token’s volume puts it far ahead of many more well-known names in the field.

You Might Also Like

Holding its peg, Ripple USD’s market cap sits at $310.45 million, with no major price movement. The market cap dropped a bit, but trading activity went through the roof. RLUSD’s 24-hour volume is now almost half of its total valuation, with a volume-to-market cap ratio of 48.27%, reflecting strong interest for its size.

Only USDT and USDC

There are a lot of stablecoins on the market, but not many of them moved the same amount during the same period. Out of over a dozen USD-pegged stablecoins with big market caps, RLUSD was ranked 15th by size, but only Tether and USDC had higher volumes. There are currently 310.54 million tokens in circulation, and around 2,700 people have wallets for them. There is no set maximum supply either.

You Might Also Like

The spike in volume happened right when Bitcoin’s price surge brought increased attention and liquidity to crypto markets in general. As traders reposition and manage exposure after Bitcoin’s new high, the demand for stablecoin pairs — including RLUSD — seems to be part of that shift.

Whether this trend keeps going depends on the overall market, but the sudden jump suggests Ripple USD is becoming important as crypto activity increases again.

Source link

May 22, 2025 0 comments

GameFi Guides

Ripple Issues Stern Warning To Investors As CEO Celebrates New XRP Milestone

by admin May 21, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

XRP is about to start drawing a fresh wave of attention from institutional investors, following a major update that reflects the token’s growing relevance in the crypto market.

The latest milestone involves the listing of XRP and Micro XRP futures on the CME Group, which marks a notable milestone for the cryptocurrency. Ripple’s CEO, Brad Garlinghouse, recently took to social media to share this exciting announcement, while Ripple issued a critical alert for crypto investors.

Ripple CEO Hails Institutional Breakthrough For XRP

Brad Garlinghouse took to the social media platform X to mark what he described as a key institutional milestone for XRP: the official launch of both XRP and Micro XRP futures contracts on CME Group, the largest derivatives marketplace in the world. Interestingly, the contracts were quick to become active, as Garlinghouse also confirmed that the first block trade on CME had already been executed by Hidden Road, a prominent institutional trading firm.

This move introduces XRP to a regulated derivatives framework, which traditionally appeals to asset managers, hedge funds, and other large-scale investors. It places XRP in the same category as Bitcoin and Ethereum, both of which saw improved investor confidence and deeper market activity after their own CME futures listings.

As such, the launch of XRP and Micro XRP futures plays well into the current market dynamics for XRP, especially in terms of growing institutional interest. Furthermore, the presence of XRP futures on the CME marketplace shows that the cryptocurrency is maturing into a more structured financial asset, which could influence future decisions of the SEC around Spot XRP ETFs.

CME Group XRP futures are available in both a micro-sized (2,500 XRP) and a larger-sized contract (50,000 XRP). According to Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group, more than $19 million in notional volume was traded on the first day of launch.

Ripple Issues Major Alert To Investors

Shortly after the announcement of the futures launch, Ripple’s official account posted a public service warning highlighting a rise in scams targeting the XRP community. The company urged users to stay alert, noting that no official Ripple representative would ever ask individuals to send XRP. The warning included a reminder to avoid suspicious links and noted the importance of verifying accounts before engaging.

This alert is based on a pattern in the crypto space, as scam activity tends to rise when markets are bullish. One such example is the recent arrest of a Wellington-based man by the New Zealand Police in connection with a crime syndicate accused of stealing $450 million New Zealand dollars ($265 million). Crypto exchange Coinbase was also recently subjected to a phishing attack that resulted in the leak of a small fraction of user data.

At the time of writing, XRP is trading at $2.35, down by 8.7% in a seven-day timeframe.

XRP trading at $2.3 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from iStock, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Source link

May 21, 2025 0 comments

Crypto Trends

Ripple Buying Circle Could Cause ‘Crypto Apocalypse,’ Prominent Lawyer Claims

by admin May 21, 2025

MetaLeX Labs founder Gabriel Shapiro has opined that Ripple acquiring Circle could result in a “crypto apocalypse.”

However, if Ripple ends up securing the deal, it will likely fail to pass the antitrust muster.

Regulators review deals for antitrust concerns, meaning that they will determine whether the deal could allow Ripple to gain too much control over the ecosystem.

“Making Ripple the largest asset issuer on every blockchain would obviously be disastrous and anticompetitive,” Shapiro said.

Shapiro has noted that the company previously used its influence in order to harm its competitors by spreading fear, uncertainty, and doubt (FUD). Back in 2022, for instance, Ripple’s Chris Larsen teamed up with Greenpeace in order to launch a campaign against Bitcoin mining.

You Might Also Like

The analyst has added that Circle should take into account the Revlon doctrine, which posits that a company should secure the best deal for shareholders. This means that the USDC issuer should consider antitrust-related risks when making a potential deal.

“If a definitive agreement is signed, we will be at the DoJ’s and FTC’s doorstep, citing Ripple’s history of campaigns against Bitcoin and Ethereum…,” Shapiro added.

Ripple is reportedly competing with exchange giant Coinbase for Circle.

As reported by U.Today, Ripple’s $5 billion bid was previously rejected due to being too low.

According to Fortune, Coinbase appears to have the upper hand, but Ripple also boasts a huge number of XRP tokens that allow it to be in a strong acquisitive position.

Source link

May 21, 2025 0 comments

Crypto Trends

Ripple CEO Clashes With Senate Crypto Chair Lummis

by admin May 20, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

A simmering dispute between Ripple Labs chief executive Brad Garlinghouse and Senator Cynthia Lummis (R-Wyo.) burst into the open on Monday, May 19, after the senator’s staff cancelled a meeting with the fintech executive and declined to offer a new date.

Ripple CEO Starts Public Dispute

Garlinghouse, already in Washington to lobby for the pending GENIUS Act on stablecoins and for broader market-structure reform, took the unusual step of airing the dispute on X. “Heading to DC to champion sensible pro-crypto legislation … That said, @SenLummis, as Chair of the Digital Assets Subcommittee, cancelled a meeting with me (and won’t reschedule),” he wrote, before challenging the senator to debate him “anytime” in an X Space or on stage at upcoming industry conferences.

“As a leader in Congress and Senator from one of the most crypto-friendly states (WY), I hope you will reconsider and be a leader for ALL of crypto. I invite you to join me on an X Space anytime (or a live convo onstage at one of the many events we cross paths at) to talk about how to make the US the crypto capital of the world, as is the goal of the Trump Administration. I will continue to do everything possible to support that goal,” Garlinghouse wrote via X.

Senator Lummis has not commented publicly on the cancellation, but her office confirmed she is concentrating this week on floor action related to the stable-coin bill, which cleared a 65-32 procedural vote in the Senate on Tuesday morning and will now face a lengthy amendment process.

The Wyoming Republican—long celebrated by Bitcoin advocates—was tapped in January to chair the Banking Committee’s new Subcommittee on Digital Assets, a post that gives her first crack at shaping federal crypto legislation. At the time of her appointment she declared that “digital assets are the future” and pressed colleagues to establish a Strategic Bitcoin Reserve.

Garlinghouse’s public rebuke exposed a deepening philosophical divide: the Ripple chief argues that US policy must be “multichain,” whereas Lummis has positioned herself as the Senate’s fiercest pro-Bitcoin voice.

Bitcoin Maximalists Cheer, Ripple Allies Bristle

The senator’s supporters inside the Bitcoin community applauded the snub. Troy Cross of the Bitcoin Policy Institute thanked Lummis: “Just when you thought Lummis couldn’t be a better Bitcoiner. Sen Lummis for keeping the scammers at bay.”

Pierre Rochard, vice-president of research at Riot Platforms, derided Garlinghouse on X, claiming he had “ruined [his] reputation and lost all credibility by pushing for CBDCs and against Bitcoin,” while market commentator Joe Consorti said the Ripple chief’s “lifetime of bashing Bitcoin” had left him with “zero credibility.”

XRP partisans fired back. Influential content creator Crypto Eri told her followers that the senator’s “Bitcoin-maxi moves hurt the entire ecosystem.” Australian attorney Bill Morgan reposted Garlinghouse’s thread with the warning that Lummis “is a champion of Bitcoin exceptionalism, not a level playing field.” Fellow lawyer Fred Rispoli dismissed the cancellation as staff-level gamesmanship, writing, “A staffer cancelled it for her … a lobbyist told the staffer to cancel it.”

At press time, XRP traded at $2.39.

XRP holds above the 0.382 Fib, 1-day chart | Source: XRPUSDT on TradingView.com

Featured image from YouTube, chart from TradingView.com

Source link

May 20, 2025 0 comments

GameFi Guides

Ripple CEO Calls Out Senator Lummis for Canceled Meeting

by admin May 20, 2025

Brad Garlinghouse criticizes Senator Lummis
Canceled meeting raises questions

The leader of Ripple Labs, Brad Garlinghouse, is going to Washington, aiming to help improve crypto regulations, especially as they concern stablecoins.

In a post on X, Garlinghouse expressed hope that those in power will see crypto as a diverse and rapidly growing industry, while raising some concerns over the cancelation of previously scheduled meeting with the U.S. Senator.

Brad Garlinghouse criticizes Senator Lummis

Mr. Garlinghouse has criticized Senator Cynthia Lummis for canceling a previously scheduled meeting and showing no signs of wanting to reschedule. According to Garlinghouse, Senator Lummis comes from a state that is very open to cryptocurrencies.

Because of this, he urged her to take the lead, since she is in charge of the digital asset committee. He even suggested discussing the matter publicly, through a live event if their paths cross, or over X Spaces.

Heading to DC to champion sensible pro-crypto legislation around stablecoins and market structure, and I’m very encouraged to see our elected officials look at crypto as it should be – a multichain industry.

That said, @SenLummis, as Chair of the Digital Assets Subcommittee,…

— Brad Garlinghouse (@bgarlinghouse) May 19, 2025

According to Garlinghouse, it is vital to strengthen the U.S. lead in cryptocurrency, as it aligns with the administration’s main intentions. He stated he will continue to support laws that promote innovation.

Canceled meeting raises questions

While lawmakers consider crucial crypto legislation, some advocate for more regulations, while others argue for a lighter touch to foster innovation. Many analysts say the canceled meeting with Sen. Lummis highlights how members of Congress may be reluctant to engage with industry leaders to improve the space.

Although Brad Garlinghouse expressed frustration in his remarks, his comments reveal that he remains committed to pushing for clearer rules as crypto grows in popularity.

You Might Also Like

A number of industry experts are concerned that Sen. Lummis canceled her meeting, especially as she has been a strong supporter of digital assets. Some see the cancellation as a sign of deeper challenges, while others think it could be due to simple scheduling conflicts.

Earlier on Twitter, Garlinghouse suggested that the launch of XRP futures by CME Group represents a big step forward for XRP in the institutional market.

John Deaton and other industry supporters believe that delaying the approval of the GENIUS Act could stall progress on crypto legislation until after the midterm elections.

Source link

May 20, 2025 0 comments

NFT Gaming

Ripple Competing with Coinbase for Circle: Report

by admin May 20, 2025

According to a Friday report by Fortune, Ripple is now competing with Coinbase for the acquisition of fintech company Circle.

The report, which cites unnamed private equity and banking executives, says that there have been information talks regarding a potential deal.

Last month, Bloomberg reported that Circle had rejected an acquisition offer of up to $5 billion from Ripple since the sum was deemed to be too small. Some social media accounts started spreading fake rumors about Ripple potentially upping the bid to $20 billion.

Circle would prefer to sell itself to Coinbase, according to one source cited by Fortune.

You Might Also Like

The two companies already have a long track record of close collaboration. It is worth noting that Circle and Coinbase teamed up in 2018 in order to launch the extremely successful USD Coin (USDC) stablecoin via the jointly formed Center Consortium.

Fortune claims that Circle would actually be happy to be acquired by Coinbase. However, as of now, the company is moving forward with its plans to go public that were revealed earlier this year.

Ripple is also in a strong financial position to acquire Circle due to its enormous XRP holdings that are estimated to surpass $90 billion at current prices. As reported by U.Today, Bitwise President Teddy Fusaro stated that Ripple could acquire a lot of companies with its current XRP holdings.

Both Ripple and Circle recently announced massive acquisition deals. As reported by U.Today, the enterprise blockchain company bought prime brokerage Hidden Road for $1.25 billion. Meanwhile, Coinbase secured the largest M&A deal in crypto history by agreeing to buy Deribit for close to $3 billion.

Source link

May 20, 2025 0 comments

GameFi Guides

Ripple CEO Reacts to Major XRP Milestone

by admin May 19, 2025

Brad Garinghouse, chief executive officer at Ripple, has already commented on the much-awaited launch of CME Group’s XRP futures, claiming that the rollout of the product has marked a major institutional milestone for the token.

Earlier today, CME confirmed that XRP futures (both standard and micro versions) went live after months of anticipation.

Institutional players will now be able to gain exposure to one of the leading altcoins without directly holding it.

XRP futures can be traded outright, meaning that traders simply buy or sell a contract.

Traders can also agree to buy or sell XRP futures on a fixed basis to the day’s index close instead of buying them at the current price.

You Might Also Like

It is also possible to trade XRP via block trades that allow large traders to execute large numbers of contracts.

According to Garlinghouse, Hidden Road, the prime brokerage firm that was acquired by Ripple earlier this year for $1.25 billion, executed the very first block trade at the open.

Despite the launch of the futures, XRP is currently down by nearly 4% over the past 24 hours. The lack of volatility is not surprising given that the launch of the futures, which were first announced in April.

It remains to be seen how much volume XRP futures will be able to generate during the first day of trading, since it will be an important indicator of institutional momentum.

As reported by U.Today, Solana-based CME futures debuted with a rather underwhelming volume in March. The launch of the product also had a rather negligible impact on the price action of the leading altcoin.

Source link

May 19, 2025 0 comments

GameFi Guides

Circle considering sale to Coinbase or Ripple amid IPO: report

by admin May 19, 2025

Circle is exploring potential acquisitions, primarily by Coinbase, according to Fortune.

Circle Internet Financial, the issuer of USDC (USDC), is moving forward with its planned initial public offering. But behind the scenes, the stablecoin firm has engaged in informal sale talks with Coinbase and Ripple (XRP).

Circle is reportedly seeking a $5 billion valuation — either through public markets or acquisition, according to Fortune.

Coinbase is the likely buyer

“If Coinbase wanted to buy them, Circle would sell in a heartbeat,” one banker said. While IPO plans remain intact, no terms or roadshow have been announced.

Coinbase may be the likeliest buyer. The two companies co-founded Centre Consortium in 2018 to issue USDC and still share revenue from reserve interest.

Coinbase has favorable terms, including a 100% share of revenue from USDC held on its platform. It also holds influence over Circle’s partnership decisions and intellectual property rights.

Ripple has also shown interest, reportedly making an offer between $4 billion and $5 billion, though that bid was rejected.

Ripple could leverage its large XRP reserves—worth more than $100 billion when including tokens in escrow—to fund a deal.

But Coinbase, with $8 billion in cash and the ability to raise capital through public markets, remains a stronger financial contender. Coinbase CEO Brian Armstrong said on May 14 that Circle’s IPO doesn’t affect their commercial ties but hinted at openness to future deals, according to Fortune.

Coinbase has ramped up M&A activity this year with acquisitions like Deribit and Spindle. Circle’s IPO hopes may be buoyed by eToro’s recent strong debut, but the possibility of a strategic sale remains in play.

Source link

May 19, 2025 0 comments