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The burned tokens are now permanently destroyed, which makes circulating tokens more valuable if demand increases.
Open interest on XRP-based futures contracts crossed the $1.1 billion mark in the past 24 hours.
The balance held in wallets tied to centralized exchange has surged by 50% in three days, per Glassnode data.
Ether posted nominal gains in the past 24 hours alongside the broader market.
ProShares’ Bitcoin Strategy ETF (BITO) has hit an all-time high bitcoin equivalent exposure of 4,425 BTC.
Stride's native token STRD trades 0.7% higher as the transition is expected to beef up the liquid staking protocol's security by several thousand percent.
PLUS: Last week's partial court victory for Ripple last week buoyed Coinbase's share price by clarifying a nettlesome regulatory issue. The company still needs to recapture trading volume but seems headed for better times, an analyst says.
Crypto index funds potentially adding XRP to their holdings could mean additional buying pressure for the token, one analyst said.
Today’s downside breach below the current low point of Bollinger Band bears watching for even weaker prices in the near future.
Thursday's rally to a new 13-month high of $31,800 has now more than been fully nullified.
- 20:30Michael Saylor: Bitcoin Expected to Become a $200 Trillion Asset Class and Global Settlement LayerMichael Saylor, founder of Strategy, expects BTC to become a $200 trillion asset class by 2024 and a global clearinghouse in the age of the AI-driven internet, with the U.S.'s adoption of the Strategic Reserve of Bitcoin cementing its dominance and forcing it to be adopted globally, CoinDesk reports. Strategy has used $33 billion to accumulate over 500,000 bitcoins using innovative financial instruments such as convertible bonds and preferred stock to fund its corporate bitcoin capital while financially engineering a self-sustaining cycle of price increases. Michael Saylor has stated that he will destroy the BTC before he dies rather than donate the assets, as this is a more ethical and reasonable form of charity and will give Bitcoin ‘economic immortality’ that will make everyone in the Bitcoin network richer and more powerful.
- 20:26eToro files with US SEC to list on Nasdaq, plans to raise $400mStock and cryptocurrency trading platform eToro has filed for a public stock offering on the Nasdaq, where it plans to raise $400 million at a valuation of about $4.5 billion. eToro's IPO prospectus says its revenue more than tripled since last year to $12.6 billion. Most of the revenue came from cryptocurrency-related revenue, which increased from $3.4 billion in 2023 to $12.1 billion last year.
- 20:22The dollar index fell 0.07 per cent on 25The dollar index, which measures the greenback against major currencies, fell 0.07 per cent on the day to close at 104.185 at the end of the currency market, Gold Finance reported.