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Ripple’s USD-pegged stablecoin, RLUSD, closed Q1 2025 with a combined market capitalization of $244.2 million across the XRP Ledger (XRPL) and Ethereum. On XRPL alone, RLUSD reached a market cap of $44.2 million, making it the largest stablecoin on the network, according to the latest report by Messari. Due this growth, the total market cap of fungible tokens, known as Issued Currencies, surged by 6.5% QoQ to $281.5 million. Despite this milestone, stablecoin adoption on XRPL remains limited compared to dominant stablecoins like Tether (USDT) and USD Coin (USDC), which ended Q1 with total market caps of $144.0 billion and $60.1 billion, respectively, across all supported networks. Historically, the introduction of a trusted stablecoin in a new execution environment has triggered major liquidity events, as seen with Cardano’s iUSD in 2023, often serving as a key pairing asset in automated market makers (AMMs). Until recently, regulatorily compliant tokens like RLUSD, which feature Clawback – a mechanism on XRPL that lets issuers retrieve distributed tokens – were not compatible with the network’s automated market maker (AMM) due to the lack of Clawback support. This changed in January when the AMM Clawback amendment was implemented, allowing such tokens to be traded on the AMM. The update is expected to boost AMM activity as more compliant assets launch on XRPL. Potential applications include enabling on-chain trading of previously illiquid real-world assets (RWAs), earning yields through AMM participation, and cross-chain price arbitrage. RLUSD launched publicly on December 17, 2024, on both XRPL and Ethereum. It is fully backed by US dollar deposits, short-term US Treasuries, and other cash equivalents, with monthly attestations provided by third-party firms. In January, Ripple announced the integration of Chainlink Price Feeds on Ethereum to provide RLUSD pricing data. In April, RLUSD was added to Ripple’s cross-border payment platform, Ripple Payments, while Kraken launched trading support. Additional Q1 listings came from LMAX Group, Zero Hash, and Bitstamp, joining Uphold, Bitso, MoonPay, Archax, CoinMENA, Independent Reserve, and Bullish. Further boosting infrastructure around RLUSD, Korean custody provider BDACS signed a strategic partnership with Ripple in February to offer custody services for XRP, RLUSD, and other digital assets.

The crypto market took a sharp downturn after President Donald Trump announced his plan to impose a “straight 50% tariff on the European Union” starting next month. This bold trade threat sent shockwaves across global markets—especially risk-on assets like Bitcoin and altcoins. Total market cap in USD - TradingView The total crypto market cap dropped 3% in the past 24 hours, with Bitcoin and major altcoins posting red candles. But why did crypto crash so suddenly, and is this the start of a deeper correction? In an unexpected turn, President Trump’s announcement on stalled trade negotiations with the EU came with a bold proposal—50% tariffs starting next month. The crypto community reacted instantly, interpreting the move as a potential catalyst for macroeconomic uncertainty and market volatility. Bitcoin ( BTC ), often dubbed digital gold during uncertain times, failed to act as a safe haven this time. The asset slipped 2.27% over the last 24 hours, now trading at $108,247.81, despite still being up 4.71% over the past week. Altcoins mirrored Bitcoin’s decline, with Ethereum ( ETH ), XRP, Solana ( SOL ), and Cardano ( ADA ) all dipping on the day: Even Dogecoin ( DOGE ), which has recently been riding a memecoin rally, fell sharply after gaining traction earlier this week. Adding fuel to the fire, President Trump also hosted a private dinner for top holders of his own memecoin, $TRUMP , raising eyebrows and ethics questions from some Democrats. The event, while symbolic, stirred confusion in already jittery markets, as investors questioned the merging of political influence and crypto promotion. Despite the crash, the crypto market remains in a broader bullish structure. Bitcoin is still trading above key support levels, and institutional interest remains strong. However, short-term uncertainty due to geopolitical risks—especially trade wars and regulatory speculation—could continue to weigh on prices. The coming days will be critical. If Bitcoin can hold above the $105K support zone and Ethereum defends the $2.5K level, traders may regain confidence. Otherwise, we could see further downside before the market stabilizes. The crypto market took a sharp downturn after President Donald Trump announced his plan to impose a “straight 50% tariff on the European Union” starting next month. This bold trade threat sent shockwaves across global markets—especially risk-on assets like Bitcoin and altcoins. Total market cap in USD - TradingView The total crypto market cap dropped 3% in the past 24 hours, with Bitcoin and major altcoins posting red candles. But why did crypto crash so suddenly, and is this the start of a deeper correction? In an unexpected turn, President Trump’s announcement on stalled trade negotiations with the EU came with a bold proposal—50% tariffs starting next month. The crypto community reacted instantly, interpreting the move as a potential catalyst for macroeconomic uncertainty and market volatility. Bitcoin ( BTC ), often dubbed digital gold during uncertain times, failed to act as a safe haven this time. The asset slipped 2.27% over the last 24 hours, now trading at $108,247.81, despite still being up 4.71% over the past week. Altcoins mirrored Bitcoin’s decline, with Ethereum ( ETH ), XRP, Solana ( SOL ), and Cardano ( ADA ) all dipping on the day: Even Dogecoin ( DOGE ), which has recently been riding a memecoin rally, fell sharply after gaining traction earlier this week. Adding fuel to the fire, President Trump also hosted a private dinner for top holders of his own memecoin, $TRUMP , raising eyebrows and ethics questions from some Democrats. The event, while symbolic, stirred confusion in already jittery markets, as investors questioned the merging of political influence and crypto promotion. Despite the crash, the crypto market remains in a broader bullish structure. Bitcoin is still trading above key support levels, and institutional interest remains strong. However, short-term uncertainty due to geopolitical risks—especially trade wars and regulatory speculation—could continue to weigh on prices. The coming days will be critical. If Bitcoin can hold above the $105K support zone and Ethereum defends the $2.5K level, traders may regain confidence. Otherwise, we could see further downside before the market stabilizes.

Good morning CT, let's have a great weekend! Looks like it's pretty slow today

In a remarkable display of investor appetite, BlackRock’s iShares Bitcoin Trust (IBIT) surged to the top of ETF inflows across the entire U.S. market on a single-day basis. This rare feat, as highlighted by Bloomberg Senior ETF Analyst Eric Balchunas, marks the first time IBIT has outpaced every other ETF in daily net flows including the ever-dominant VOO, which took an unusual backseat. IBIT’s one-day inflow of $877.18 million underscores the intensified investor frenzy following Bitcoin’s recent push to all-time highs, propelling the total net flows into U.S. spot Bitcoin ETFs to an impressive $44.5 billion since inception. Beyond the day’s standout performance, IBIT has also built impressive momentum over the longer term. The fund attracted $2.13 billion over the past week and $7.56 billion over the past month. These gains point to sustained institutional interest in crypto-backed securities, a trend growing stronger as regulatory clarity improves and mainstream adoption expands. Related: Beat Holdings Quadruples Bitcoin ETF Bet to $34M, Buys More IBIT Meanwhile, TLT, the long-duration Treasury bond ETF, followed closely with $851.83 million in daily flows and over $2.21 billion weekly. Although it slightly edged out IBIT on the weekly chart, its monthly figure of $4.06 billion still trails IBIT’s gains. The fund’s appeal stems from interest rate speculation and hedging strategies as the Federal Reserve signals a potential shift in policy. FTLS, a lesser-known long/short equity ETF, posted a surprising $808.38 million in single-day inflows. Interestingly, its weekly and monthly flows remain nearly identical, suggesting a recent spike in investor attention rather than steady accumulation. While many ETFs gained traction, others showed mixed investor sentiment. IVV saw $761.47 million enter in one day but suffered significant outflows of $7.19 billion weekly and $16.1 billion monthly. This discrepancy could reflect short-term trading strategies or portfolio rotations. Related: BlackRock CEO “Surprised” by Bitcoin ETF’s Record-Breaking Demand On the flip side, EFV, a developed markets value ETF, recorded strong flows across all periods, especially a $2.93 billion weekly inflow. VOO also posted notable long-term strength with $14.66 billion added in one month despite a quiet day. However, gold-backed GLD continued its recent struggle. While gaining $423.76 million in one day, it faced monthly outflows nearing $2.43 billion. This signals a shifting preference toward risk assets like equities and Bitcoin. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Economist and well-known Bitcoin critic Peter Schiff raised an interesting question on social media this week. He asked a simple, yet loaded question, if Bitcoin truly is the heir apparent to global finance, why are foreign central banks actively stocking up on gold instead of Bitcoin as they prepare for a world where the US dollar may no longer be the main global currency? When a user claimed that banks are buying Bitcoin, Peter replied and said, “No they are not. Some of their customers are. They are just making money off them.” Peter again took a jab at the crypto market. This time, the critic called crypto and tech investors “ignorant” for ignoring the risks of rising interest rates. Even though Bitcoin recently jumped to a new high of $111,000, Schiff remains firmly against it, warning that it’s a dangerous trap for investors. He added that with long-term interest rates likely to keep climbing, it won’t be long before the breaking point for crypto is revealed. Related: BlackRock’s IBIT Bitcoin ETF Crushes All Competitors In Daily U.S. Fund Inflows Schiff shared his concerns about the US financial markets. The US dollar index fell by around 2% this week, closing just above 99. Yields on US government bonds also jumped, with 10-year bonds ending above 4.5% and 30-year bonds above 5%. Schiff predicted that bond prices might fall even further next week. It wasn’t a good week for US stocks either. The S&P 500 index dropped around 2.5%, marking a week where the dollar, stocks, and bonds all declined, while gold and silver prices rose. Schiff blamed two major events for the market troubles. First, the US House of Representatives passed a large spending bill — one Schiff sarcastically called the “big beautiful bill.” He criticized it for increasing government debt instead of reducing it, despite earlier promises of budget cuts. Related: James Lavish Drops Truth Bomb: Bitcoin’s Future Path Will Shock Those Stuck In Old Cycle Thinking Second, credit rating agency Moody’s downgraded US government debt by one notch. This move followed similar downgrades by Standard & Poor’s and Fitch in the past. Schiff argued that the US government’s financial problems have been obvious for a while and that this downgrade was long overdue. On a positive note, Schiff said that precious metals like gold, silver, and platinum could perform well next week. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.