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How Do You Drop a Red Packet During a Live Broadcast?

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XRP Zooms 3% as Bitcoin Spikes on Powell Comments Institutional liquidations dominated trading as 470 million XRP were offloaded across major exchanges during the Aug. 21–22 window, triggering a sharp selloff. A massive selloff of 470 million XRP tokens led to a significant price drop and resistance at $2.92. The SEC's delay in ruling on XRP ETF applications adds to the regulatory uncertainty impacting the market. XRP's security ranking is among the lowest, further contributing to the bearish market sentiment. XRP Spiked 3% as Federal Reserve Chair Jerome Powell firmly put a September rate cut on the table on Friday, causing bitcoin and major tokens to move higher. 470 million token selloff drove volume spikes and heavy resistance at $2.92, while ETF delays and weak security rankings compound bearish pressure. News Background • Institutional liquidations dominated trading as 470 million XRP were offloaded across major exchanges during the Aug. 21–22 window, triggering a sharp selloff. • On-chain settlement volumes surged 500% to 844 million tokens on Aug. 18, one of the largest spikes this year, signaling adoption growth despite market weakness. • The SEC postponed rulings on XRP ETF applications, including Nasdaq’s CoinShares filing, now expected in October. The delay adds to regulatory uncertainty. • A security assessment placed XRPL at the lowest ranking among 15 blockchains, raising concerns about network robustness and adding to bearish sentiment.

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Stablecoins have gotten a lot of attention over the past few weeks, sparking conversations in the crypto world, traditional finance and regulators both on Capitol Hill and around the world. With new legislation passed and adoption happening across the global financial system, one big question remains: Has “Stablecoin Summer” already peaked? Jeremy Ng doesn’t think so. Ng spent two decades in investment banking before breaking into crypto at Gemini, where he led the exchange to become the number one fiat on-ramp in Singapore, securing more than one-third of the market share. Two years after his work at Gemini, Ng went on to become a founder of the real world asset (RWA) tokenization platform OpenEden. OpenEden is pushing Stablecoin Summer into Fall, Winter and Spring with its flagship product OpenDollar (USDO), issued by OpenEden Digital, a Bermuda-regulated and licensed entity. USDO is a regulated yield‑bearing stablecoin backed 1‑for‑1 by tokenized U.S. Treasury bills, held in a bankruptcy‑remote structure, that enables the yield of underlying Treasury bills to automatically flow to holders. As stablecoins enter a new phase of scrutiny and innovation, Ng sees the path forward not in hype but in building a trusted infrastructure that connects traditional finance and crypto. This means stablecoin projects have to unlock productive capital, push for regulated and transparent stablecoins and promote real-world use cases to keep stablecoins top of mind for the seasons to come.

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