M_Maestro
Trying to understand crypto world.
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🔥🔥List of Institutions that are Using, Adopting or Exploring XRP🔥🔥
Although the list is very long, this list tells you how $XRP is slowly building itself and is being incorporated into the financial institutions of the world. You can clearly see that this list includes some major corporate giants and institutions who already have adopted $XRP or are in line of adoption or are exploring the technology. I tried to gather the data as much as possible. And there are still possibility that I have missed some. Since the list is very long and if you don't want to read it, you can directly jump to the "Final Summary" in the end.👇👇
1. Major Institutions and Banks🏦
SBI Holdings (Japan): Ripple's largest partner, heavily invested in Ripple and $XRP . SBI Holdings has invested approximately ¥1.6 trillion (around $10 billion) in Ripple Labs and XRP, surpassing its own market capitalization.Al Ansari Exchange (UAE): Uses Ripple’s technology for efficient cross-border payments.National Bank of Fujairah (UAE): Partnering with Ripple for cross-border payment solutions.Bank of Japan: Integrating Ripple’s XRP technology in their financial systems. A report indicates that by 2025, nearly 80% of Japan's banks are set to integrate XRP, aiming to enhance cross-border payments and remittances.Frankenmuth Credit Union (USA): Expanded its crypto portal to include XRP.PNC Financial Services (USA): Uses Ripple’s blockchain for international payments.American Express (USA): Partnered with Ripple for faster cross-border payments.Standard Chartered (UK): Uses Ripple's technology for improving payment efficiency.Santander (UK and Spain): Uses RippleNet for cross-border payments, XRP is being explored for liquidity.Commonwealth Bank of Australia: Experimenting with Ripple’s blockchain technology for payments.Woori Bank and Shinhan Bank (South Korea): Integrated Ripple’s technology for payments.Riyadh Bank (Saudi Arabia): Partnered with Ripple to improve remittance systems.Vietcombank (Vietnam): Exploring Ripple's solutions for lower-cost remittances.Tinkoff Bank (Russia): Interested in Ripple’s solutions for cross-border payments.Standard Bank (South Africa): Uses Ripple's technology for payments in Africa.
2. Key Financial Services and Payment Providers 💵
MoneyGram: Uses Ripple’s XRP for cross-border payments.SendFriend: Leverages Ripple’s technology for fast international payments.Remitr: Provides cross-border payments using Ripple’s technology.Cross River Bank: Partnered with Ripple to facilitate cross-border payments.
3. Regional Adoption and Approvals✅
UAE: Major financial institutions and the UAE Central Bank are adopting Ripple and XRP for payment systems.Saudi Arabia: Multiple banks, including Riyadh Bank, are using Ripple’s blockchain technology for payments.Brazil: Hashdex launched an XRP-based investment fund; Ripple's technology is adopted by Brazilian banks for remittance services.Mexico: Santander Mexico and other banks use Ripple for remittances, using XRP for liquidity.Europe (EU and UK): Adoption is growing, with multiple European banks and financial institutions like Standard Chartered, Santander, and Swedbank exploring Ripple’s solutions.India: Ripple has explored partnerships with Yes Bank to improve cross-border payments.Japan: Ripple’s technology is heavily integrated through SBI Ripple Asia, involving many Japanese financial institutions.Australia: Ripple's technology is being experimented with by banks like Commonwealth Bank for cross-border payments.South Korea: Woori Bank and Shinhan Bank are using Ripple’s blockchain technology for remittances.Africa: Ripple is making strides in Africa with partnerships in countries like South Africa, Nigeria, and other regions where remittance costs are high.
4. Additional Developments🏗️
RippleNet’s Global Expansion: Ripple has over 300 financial institutions globally using RippleNet for faster and cheaper cross-border payments, including PNC, American Express, and Santander.Regulatory Developments: As Ripple navigates regulatory hurdles, XRP’s use case is becoming clearer, particularly as more jurisdictions and financial institutions begin adopting blockchain technology for cross-border payments.
5. Countries and Regions Showing Potential for Future Adoption 🗺️
Middle East: Significant growth is expected in the UAE, Saudi Arabia, and other Gulf states due to Ripple’s partnerships with local financial institutions.Latin America: Brazil, Argentina, and Mexico are key regions where Ripple’s XRP is being adopted due to the high volume of remittance flows.Africa: Ripple is working on expanding its use for remittances in Africa, with countries like Nigeria and South Africa becoming significant players.Southeast Asia: Countries like Vietnam, Thailand, and the Philippines are adopting Ripple’s solutions for remittances and improving cross-border payments.
6. XRP-related ETFs 🏢
Bitwise XRP ETF (USA): Bitwise Asset Management has filed with the U.S. SEC to launch an XRP ETF, allowing institutional investors to gain exposure to XRP in a regulated environment.Hashdex XRP Fund (Brazil): Hashdex launched the Hashdex Nasdaq XRP Fund, providing institutional investors in Brazil with exposure to XRP. This fund was approved by the Brazilian Securities and Exchange Commission (CVM).XRP ETF in Canada: While an official XRP ETF hasn’t launched yet, there are discussions and potential for an XRP-focused ETF in Canada as the country continues to embrace cryptocurrency investment vehicles.XRP and Digital Asset ETFs: There is growing interest in creating cryptocurrency-focused ETFs that hold a basket of digital assets, including XRP. This would offer investors diversification while enabling more mainstream institutional adoption of XRP.
Final Summary📋
XRP has been adopted globally by numerous financial institutions, payment providers, and central banks across regions like the UAE, Saudi Arabia, Japan, Brazil, and the US. Key banks like SBI Holdings, PNC, Santander, and Commonwealth Bank have adopted Ripple’s technology, integrating XRP for faster, cheaper cross-border payments. Additionally, ETFs such as Bitwise XRP ETF and Hashdex XRP Fund reflect XRP’s growing appeal to institutional investors.
Ripple’s RippleNet network, with over 300 global financial institutions, showcases XRP’s increasing role in the global financial ecosystem. Meanwhile, regional adoption in Africa, Southeast Asia, and Latin America is growing rapidly, while regulatory clarity and XRP ETFs make it easier for investors to gain exposure to XRP.
This growing global acceptance positions XRP as a prominent player in the future of cross-border payments and digital asset investment.
#Xrp🔥🔥 #XRPRealityCheck #XRPGoal #xrpetf #InstitutionalAdoption
1. Major Institutions and Banks🏦
SBI Holdings (Japan): Ripple's largest partner, heavily invested in Ripple and $XRP . SBI Holdings has invested approximately ¥1.6 trillion (around $10 billion) in Ripple Labs and XRP, surpassing its own market capitalization.Al Ansari Exchange (UAE): Uses Ripple’s technology for efficient cross-border payments.National Bank of Fujairah (UAE): Partnering with Ripple for cross-border payment solutions.Bank of Japan: Integrating Ripple’s XRP technology in their financial systems. A report indicates that by 2025, nearly 80% of Japan's banks are set to integrate XRP, aiming to enhance cross-border payments and remittances.Frankenmuth Credit Union (USA): Expanded its crypto portal to include XRP.PNC Financial Services (USA): Uses Ripple’s blockchain for international payments.American Express (USA): Partnered with Ripple for faster cross-border payments.Standard Chartered (UK): Uses Ripple's technology for improving payment efficiency.Santander (UK and Spain): Uses RippleNet for cross-border payments, XRP is being explored for liquidity.Commonwealth Bank of Australia: Experimenting with Ripple’s blockchain technology for payments.Woori Bank and Shinhan Bank (South Korea): Integrated Ripple’s technology for payments.Riyadh Bank (Saudi Arabia): Partnered with Ripple to improve remittance systems.Vietcombank (Vietnam): Exploring Ripple's solutions for lower-cost remittances.Tinkoff Bank (Russia): Interested in Ripple’s solutions for cross-border payments.Standard Bank (South Africa): Uses Ripple's technology for payments in Africa.
2. Key Financial Services and Payment Providers 💵
MoneyGram: Uses Ripple’s XRP for cross-border payments.SendFriend: Leverages Ripple’s technology for fast international payments.Remitr: Provides cross-border payments using Ripple’s technology.Cross River Bank: Partnered with Ripple to facilitate cross-border payments.
3. Regional Adoption and Approvals✅
UAE: Major financial institutions and the UAE Central Bank are adopting Ripple and XRP for payment systems.Saudi Arabia: Multiple banks, including Riyadh Bank, are using Ripple’s blockchain technology for payments.Brazil: Hashdex launched an XRP-based investment fund; Ripple's technology is adopted by Brazilian banks for remittance services.Mexico: Santander Mexico and other banks use Ripple for remittances, using XRP for liquidity.Europe (EU and UK): Adoption is growing, with multiple European banks and financial institutions like Standard Chartered, Santander, and Swedbank exploring Ripple’s solutions.India: Ripple has explored partnerships with Yes Bank to improve cross-border payments.Japan: Ripple’s technology is heavily integrated through SBI Ripple Asia, involving many Japanese financial institutions.Australia: Ripple's technology is being experimented with by banks like Commonwealth Bank for cross-border payments.South Korea: Woori Bank and Shinhan Bank are using Ripple’s blockchain technology for remittances.Africa: Ripple is making strides in Africa with partnerships in countries like South Africa, Nigeria, and other regions where remittance costs are high.
4. Additional Developments🏗️
RippleNet’s Global Expansion: Ripple has over 300 financial institutions globally using RippleNet for faster and cheaper cross-border payments, including PNC, American Express, and Santander.Regulatory Developments: As Ripple navigates regulatory hurdles, XRP’s use case is becoming clearer, particularly as more jurisdictions and financial institutions begin adopting blockchain technology for cross-border payments.
5. Countries and Regions Showing Potential for Future Adoption 🗺️
Middle East: Significant growth is expected in the UAE, Saudi Arabia, and other Gulf states due to Ripple’s partnerships with local financial institutions.Latin America: Brazil, Argentina, and Mexico are key regions where Ripple’s XRP is being adopted due to the high volume of remittance flows.Africa: Ripple is working on expanding its use for remittances in Africa, with countries like Nigeria and South Africa becoming significant players.Southeast Asia: Countries like Vietnam, Thailand, and the Philippines are adopting Ripple’s solutions for remittances and improving cross-border payments.
6. XRP-related ETFs 🏢
Bitwise XRP ETF (USA): Bitwise Asset Management has filed with the U.S. SEC to launch an XRP ETF, allowing institutional investors to gain exposure to XRP in a regulated environment.Hashdex XRP Fund (Brazil): Hashdex launched the Hashdex Nasdaq XRP Fund, providing institutional investors in Brazil with exposure to XRP. This fund was approved by the Brazilian Securities and Exchange Commission (CVM).XRP ETF in Canada: While an official XRP ETF hasn’t launched yet, there are discussions and potential for an XRP-focused ETF in Canada as the country continues to embrace cryptocurrency investment vehicles.XRP and Digital Asset ETFs: There is growing interest in creating cryptocurrency-focused ETFs that hold a basket of digital assets, including XRP. This would offer investors diversification while enabling more mainstream institutional adoption of XRP.
Final Summary📋
XRP has been adopted globally by numerous financial institutions, payment providers, and central banks across regions like the UAE, Saudi Arabia, Japan, Brazil, and the US. Key banks like SBI Holdings, PNC, Santander, and Commonwealth Bank have adopted Ripple’s technology, integrating XRP for faster, cheaper cross-border payments. Additionally, ETFs such as Bitwise XRP ETF and Hashdex XRP Fund reflect XRP’s growing appeal to institutional investors.
Ripple’s RippleNet network, with over 300 global financial institutions, showcases XRP’s increasing role in the global financial ecosystem. Meanwhile, regional adoption in Africa, Southeast Asia, and Latin America is growing rapidly, while regulatory clarity and XRP ETFs make it easier for investors to gain exposure to XRP.
This growing global acceptance positions XRP as a prominent player in the future of cross-border payments and digital asset investment.
#Xrp🔥🔥 #XRPRealityCheck #XRPGoal #xrpetf #InstitutionalAdoption
🚨🚨XRP MARKET ANALYSIS🚨🚨
There are lot of things going for $XRP in the market.
1. The ongoing SEC Case, which is currently in XRP favour and even speculation of SEC dropping the case
2. Growing filing of XRP ETFs,
3. Institutional adoptions,
4. Recent announcement by the U.S. President about the inclusion of XRP in U.S. Crypto reserve but later dropping the plan.
5. XRP partnerships
6. Launch of Ripple stable coin
7. And many more.
All these things have led to uncertainty for the XRP price. But despite these uncertainty $XRP is holding at $2.35 at the time of writing this article. XRP has seen some occasional drop below $2.0 but bouncing back to $2.2-$2.3 and holding at these price in recent time. It also has recently seen the price going upto $2.99 when the U.S. President announcement about its inclusion in the U.S. crypto reserve.
Let us see some data of last 5 days:
In the last 5 days there is net sold amount of XRP which is 68.95 Million of XRP that is equivalent to $162 Million. With the circulation supply of 57 Billion XRP which is equilavent to $135 Billion, this $162 Million is only 0.12% of total supply.
Even if we remove, let just say, out of $135 Billion the amount of $85 Billion (let just say hold by large players or institutions or lie in he cold wallets which ia not taking part in the trades), still $165 Million is 0.33% of the of the remaining amount of $50 Billion.
Now let us break even more:
The last 24 hour trading volume of XRP is $7.96 Billion. Now if we compare this 5 day data of $165 Million with this 24 hour trading volume of $7.96Billion it constitutes mere 2.07%
What can we infer from this analysis?
It clearly shows that the price of XRP is currently derived by the retail investors and a very little involvement of whales. Lots of investors are currently showing support for XRP and this is what led to its price stability for now. Mere outflow of 68.95 Million of XRP clearly shows that the Whales are holding on to XRP and showing support for it.
These analysis led to reveal that small retail investors are panic selling and some large retail investors are just there for making some profit or buying the dips. Within all this the small retail investors are getting churned out. They have to understand that if the current market scenario is in the favour of XRP, they should hold the XRP and not sell it at lower price. If they have bought XRP for $2.5 they should hold for it and should not sell it at $2.3 and this is what will drive the market upward. With the recent buzz about crypto in the world and many small and large players entering the crypto market, at the end the Global Crypto Market is going to go up not only staying at $3 Trillion. This is what we have seen after the BTC launch. So don't panic and relax.
#XRP #XRPAnalysis #RealityCheck #XRPMarketShift #CryptoMarketWatch
(This is just a analysis. DYOR before taking any action regarding the buying and selling.)
1. The ongoing SEC Case, which is currently in XRP favour and even speculation of SEC dropping the case
2. Growing filing of XRP ETFs,
3. Institutional adoptions,
4. Recent announcement by the U.S. President about the inclusion of XRP in U.S. Crypto reserve but later dropping the plan.
5. XRP partnerships
6. Launch of Ripple stable coin
7. And many more.
All these things have led to uncertainty for the XRP price. But despite these uncertainty $XRP is holding at $2.35 at the time of writing this article. XRP has seen some occasional drop below $2.0 but bouncing back to $2.2-$2.3 and holding at these price in recent time. It also has recently seen the price going upto $2.99 when the U.S. President announcement about its inclusion in the U.S. crypto reserve.
Let us see some data of last 5 days:
In the last 5 days there is net sold amount of XRP which is 68.95 Million of XRP that is equivalent to $162 Million. With the circulation supply of 57 Billion XRP which is equilavent to $135 Billion, this $162 Million is only 0.12% of total supply.
Even if we remove, let just say, out of $135 Billion the amount of $85 Billion (let just say hold by large players or institutions or lie in he cold wallets which ia not taking part in the trades), still $165 Million is 0.33% of the of the remaining amount of $50 Billion.
Now let us break even more:
The last 24 hour trading volume of XRP is $7.96 Billion. Now if we compare this 5 day data of $165 Million with this 24 hour trading volume of $7.96Billion it constitutes mere 2.07%
What can we infer from this analysis?
It clearly shows that the price of XRP is currently derived by the retail investors and a very little involvement of whales. Lots of investors are currently showing support for XRP and this is what led to its price stability for now. Mere outflow of 68.95 Million of XRP clearly shows that the Whales are holding on to XRP and showing support for it.
These analysis led to reveal that small retail investors are panic selling and some large retail investors are just there for making some profit or buying the dips. Within all this the small retail investors are getting churned out. They have to understand that if the current market scenario is in the favour of XRP, they should hold the XRP and not sell it at lower price. If they have bought XRP for $2.5 they should hold for it and should not sell it at $2.3 and this is what will drive the market upward. With the recent buzz about crypto in the world and many small and large players entering the crypto market, at the end the Global Crypto Market is going to go up not only staying at $3 Trillion. This is what we have seen after the BTC launch. So don't panic and relax.
#XRP #XRPAnalysis #RealityCheck #XRPMarketShift #CryptoMarketWatch
(This is just a analysis. DYOR before taking any action regarding the buying and selling.)
🚨🚨Meme Coins Aren't Securities, More Like Collectibles: US SEC Confirms🚨🚨
The US Securities and Exchange Commission (SEC) published a on Thursday confirming that meme coins don't fall under securities.
The guidance comes as an effort to provide greater clarity on federal securities laws' application on the burgeoning meme coin sector.
"[Meme coins] do not involve the offer and sale of securities under the federal securities laws," the agency confirmed. "As such, persons who participate in the offer and sale of meme coins do not need to register their transactions with the Commission."
Further, the commission stressed that buyers and holders of these coins aren't protected by federal securities laws.
Meme Coins are crypto assets based on viral internet memes or inside jokes. The SEC's Division of Corporation Finance says that these "typically have limited or no use or functionality.
As a result, these asset classes do not meet the definition of an "investment contract" under the security-defined Howey Test. Regulator Classifies Meme Coins Under Collectibles.
The agency explained that these crypto value depends on speculative trading and the collective market sentiment, "like a collectible."
$DOGE $SHIB $PEPE
#meme_coin #MemeCoinMarket #TrumpCongressSpeech
#BinanceTradeSmarter
The US Securities and Exchange Commission (SEC) published a on Thursday confirming that meme coins don't fall under securities.
The guidance comes as an effort to provide greater clarity on federal securities laws' application on the burgeoning meme coin sector.
"[Meme coins] do not involve the offer and sale of securities under the federal securities laws," the agency confirmed. "As such, persons who participate in the offer and sale of meme coins do not need to register their transactions with the Commission."
Further, the commission stressed that buyers and holders of these coins aren't protected by federal securities laws.
Meme Coins are crypto assets based on viral internet memes or inside jokes. The SEC's Division of Corporation Finance says that these "typically have limited or no use or functionality.
As a result, these asset classes do not meet the definition of an "investment contract" under the security-defined Howey Test. Regulator Classifies Meme Coins Under Collectibles.
The agency explained that these crypto value depends on speculative trading and the collective market sentiment, "like a collectible."
$DOGE $SHIB $PEPE
#meme_coin #MemeCoinMarket #TrumpCongressSpeech
#BinanceTradeSmarter
🔥🔥$XRP Partners With BDACS And What's Next🔥🔥
XRP has announced a partnership with BDACS to expand institutional cryptocurrency custody services in South Korea.
Under this partnership, BDACS will utilize Ripple Custody to provide secure infrastructure for XRP, RLUSD, and other crypto assets, aiming to support institutional adoption and the XRPL developer community.
**Numbers Tell the Story:
XRP's strength shows up clearly in market data. According to CoinCodex, the coin did better than 92% of the top 100 crypto coins during this downturn.
While XRP avoided making new lows, other popular coins weren't so lucky. Both Solana ($SOL ) and Dogecoin ($DOGE ) fell to their lowest points of 2024 during Tuesday's crash. Is A Price Recovery Underway?
The coin's ability to avoid deeper drops might give investors hope. While the entire market faces uncertainty, XRP's performance suggests it might weather the storm better than its competitors.
What happens next depends partly on Bitcoin's movement. Many traders are keeping a close eye on the next price movement of Bitcoin, as it often sets the tone for the whole crypto market. If Bitcoin stabilizes, XRP might continue its upward path.
For now, XRP stands out in a sea of red. Its quicker recovery and stronger support levels could make it a coin to watch as the broader digital currency space tries to find their footing after Tuesday's crash.
#XRPRealityCheck #MarketMoves #Resilience
#FollowTheLeaderTrader
XRP has announced a partnership with BDACS to expand institutional cryptocurrency custody services in South Korea.
Under this partnership, BDACS will utilize Ripple Custody to provide secure infrastructure for XRP, RLUSD, and other crypto assets, aiming to support institutional adoption and the XRPL developer community.
**Numbers Tell the Story:
XRP's strength shows up clearly in market data. According to CoinCodex, the coin did better than 92% of the top 100 crypto coins during this downturn.
While XRP avoided making new lows, other popular coins weren't so lucky. Both Solana ($SOL ) and Dogecoin ($DOGE ) fell to their lowest points of 2024 during Tuesday's crash. Is A Price Recovery Underway?
The coin's ability to avoid deeper drops might give investors hope. While the entire market faces uncertainty, XRP's performance suggests it might weather the storm better than its competitors.
What happens next depends partly on Bitcoin's movement. Many traders are keeping a close eye on the next price movement of Bitcoin, as it often sets the tone for the whole crypto market. If Bitcoin stabilizes, XRP might continue its upward path.
For now, XRP stands out in a sea of red. Its quicker recovery and stronger support levels could make it a coin to watch as the broader digital currency space tries to find their footing after Tuesday's crash.
#XRPRealityCheck #MarketMoves #Resilience
#FollowTheLeaderTrader
#EOSProject EOS is a blockchain platform designed for scalable, fast, and low-cost decentralized applications (dApps). Key points to consider:
Consensus: It uses delegated proof-of-stake (DPoS), where block producers are elected to validate transactions, offering fast speeds and low fees.
dApp Development: Ideal for developers due to its scalability and performance.
Governance: EOS token holders vote for block producers and influence protocol upgrades.
Resource Model: Users stake tokens to access CPU, RAM, and bandwidth resources.
Market Sentiment: The platform faces competition and adoption challenges, so assess market risks.
Technology Evolution: Stay updated on technical improvements and network upgrades.
It's a solid choice for dApp development but be mindful of market and ecosystem factors.
#CryptoSurge2025 #USConsumerCofidence
#OnChainInsights
#FollowTheLeadTrader
Consensus: It uses delegated proof-of-stake (DPoS), where block producers are elected to validate transactions, offering fast speeds and low fees.
dApp Development: Ideal for developers due to its scalability and performance.
Governance: EOS token holders vote for block producers and influence protocol upgrades.
Resource Model: Users stake tokens to access CPU, RAM, and bandwidth resources.
Market Sentiment: The platform faces competition and adoption challenges, so assess market risks.
Technology Evolution: Stay updated on technical improvements and network upgrades.
It's a solid choice for dApp development but be mindful of market and ecosystem factors.
#CryptoSurge2025 #USConsumerCofidence
#OnChainInsights
#FollowTheLeadTrader
🚨Crypto Facing $1.2 Billion Liquidation Bloodbath as XRP, DOGE, and Cardano (ADA) Record Stunning Losses🚨
Over the past 24 hours, more than $1.2 billion worth of cryptocurrency has been liquidated, according to CoinGlass data. The vast majority of this liquidation, about $1.07 billion, was due to long positions being wiped out.
The largest individual liquidation occurred on Binance, where a trader lost almost $16 million. Binance topped the list of platforms with the highest total liquidations, amounting to $546 million.
Earlier today, Bitcoin's price dropped to a low of $96,682, as per CoinGecko, marking a nearly 7% decline within the past 24 hours.
Altcoins have been hit even harder, with $XRP token plummeting by up to 10%. Other major cryptocurrencies, including $DOGE and ADA, have also seen significant losses, with declines of 19.4% and 15.7%, respectively.
The recent downturn in the crypto market follows a shift in sentiment after the US Federal Reserve suggested it would scale back its easing measures in 2025, following a "hawkish" rate cut stance. This has led to a reduced outlook for risk assets, with only two rate cuts expected in 2025.
US stocks have also come under pressure, with the Dow Jones recently experiencing its longest losing streak in 50 years.
Matt Hougan, Chief Investment Officer at Bitwise, commented that higher interest rates negatively impact risk assets and that the Fed’s announcement contributed to a sharp market pullback. He also highlighted the role of leverage in amplifying the recent market correction, stating, "Leverage is a fact of life in crypto, and when sharp market pullbacks occur, leveraged positions are often liquidated."
#ActiceUserImpact
#VIRTUALWhale
#USCryptoReserve
$BNB
Over the past 24 hours, more than $1.2 billion worth of cryptocurrency has been liquidated, according to CoinGlass data. The vast majority of this liquidation, about $1.07 billion, was due to long positions being wiped out.
The largest individual liquidation occurred on Binance, where a trader lost almost $16 million. Binance topped the list of platforms with the highest total liquidations, amounting to $546 million.
Earlier today, Bitcoin's price dropped to a low of $96,682, as per CoinGecko, marking a nearly 7% decline within the past 24 hours.
Altcoins have been hit even harder, with $XRP token plummeting by up to 10%. Other major cryptocurrencies, including $DOGE and ADA, have also seen significant losses, with declines of 19.4% and 15.7%, respectively.
The recent downturn in the crypto market follows a shift in sentiment after the US Federal Reserve suggested it would scale back its easing measures in 2025, following a "hawkish" rate cut stance. This has led to a reduced outlook for risk assets, with only two rate cuts expected in 2025.
US stocks have also come under pressure, with the Dow Jones recently experiencing its longest losing streak in 50 years.
Matt Hougan, Chief Investment Officer at Bitwise, commented that higher interest rates negatively impact risk assets and that the Fed’s announcement contributed to a sharp market pullback. He also highlighted the role of leverage in amplifying the recent market correction, stating, "Leverage is a fact of life in crypto, and when sharp market pullbacks occur, leveraged positions are often liquidated."
#ActiceUserImpact
#VIRTUALWhale
#USCryptoReserve
$BNB
🚨El Salvador makes bitcoin payments voluntary in $1.4B IMF loan deal🚨
El Salvador is set to make $BTC acceptance by merchants voluntary, reduce its involvement with the Chivo wallet, and limit public sector engagement with $BTC as part of a $1.4 billion loan agreement with the International Monetary Fund (IMF).
The country will receive $1.4 billion over 40 months, aiming to reduce its debt-to-GDP ratio. In return, El Salvador agreed to IMF's conditions, including only accepting taxes in US dollars and gradually scaling back government involvement in $BTC .
El Salvador has been buying Bitcoin since 2021 and now holds around 5,969 Bitcoin, worth about $602 million. The agreement, which still requires IMF Executive Board approval, ends four years of negotiations and marks a shift away from President Nayib Bukele's Bitcoin push.
Despite Bukele's stance, the IMF has long criticized Bitcoin’s speculative nature. The deal could unlock additional loans from other institutions, totaling over $3.5 billion. A recent survey showed that 92% of Salvadorans don't use Bitcoin for transactions, up from 88% in 2023.
#Bitcoin❗ #bitcoinnewsupdate #MarketPullback #BinanceMegadropSolv #BitcoinBounceBack
El Salvador is set to make $BTC acceptance by merchants voluntary, reduce its involvement with the Chivo wallet, and limit public sector engagement with $BTC as part of a $1.4 billion loan agreement with the International Monetary Fund (IMF).
The country will receive $1.4 billion over 40 months, aiming to reduce its debt-to-GDP ratio. In return, El Salvador agreed to IMF's conditions, including only accepting taxes in US dollars and gradually scaling back government involvement in $BTC .
El Salvador has been buying Bitcoin since 2021 and now holds around 5,969 Bitcoin, worth about $602 million. The agreement, which still requires IMF Executive Board approval, ends four years of negotiations and marks a shift away from President Nayib Bukele's Bitcoin push.
Despite Bukele's stance, the IMF has long criticized Bitcoin’s speculative nature. The deal could unlock additional loans from other institutions, totaling over $3.5 billion. A recent survey showed that 92% of Salvadorans don't use Bitcoin for transactions, up from 88% in 2023.
#Bitcoin❗ #bitcoinnewsupdate #MarketPullback #BinanceMegadropSolv #BitcoinBounceBack
#CryptoUsersHit18M $BNB $ETH
🔥Record Surge in Daily Active Users in the Global Cryptocurrency Market🔥🎉
As reported by BlockBeats, data sourced from Token Terminal indicates that the global cryptocurrency market witnessed an unprecedented surge in daily active users in December. The number of users reached an all-time high of 18.7 million, a notable increase compared to earlier in the year. In January, the figure was considerably lower, standing at just 7.7 million. This sharp rise highlights the growing adoption and engagement within the cryptocurrency space, reflecting a broader trend of increased interest and activity among users worldwide. The spike in active users not only demonstrates the expansion of the market but also underscores the increasing influence of digital assets as a mainstream financial tool.
$BNB
#MastertheMarket
#BitcoinBounceBack
🔥Record Surge in Daily Active Users in the Global Cryptocurrency Market🔥🎉
As reported by BlockBeats, data sourced from Token Terminal indicates that the global cryptocurrency market witnessed an unprecedented surge in daily active users in December. The number of users reached an all-time high of 18.7 million, a notable increase compared to earlier in the year. In January, the figure was considerably lower, standing at just 7.7 million. This sharp rise highlights the growing adoption and engagement within the cryptocurrency space, reflecting a broader trend of increased interest and activity among users worldwide. The spike in active users not only demonstrates the expansion of the market but also underscores the increasing influence of digital assets as a mainstream financial tool.
$BNB
#MastertheMarket
#BitcoinBounceBack
🤔Is there big rally ahead for $XRP ?🔥🔥
XRP's price has been on the rise since it broke out from the $2.320 level, showing signs of further upward movement with the potential to surpass the $2.55 resistance. The price surged above the $2.40 mark, following the positive momentum in Bitcoin and Ethereum, and continued to break through key resistance levels at $2.45 and $2.50.
Additionally, $XRP broke through a bearish trendline with resistance at $2.44 on the hourly chart, briefly spiking above $2.55 before encountering selling pressure. The peak was at $2.5870, after which the price entered a consolidation phase.
Afterward, XRP saw a slight pullback below the $2.5250 mark, testing the 50% Fibonacci retracement level from the recent low of $2.3272 to the high of $2.5870.
🤔Another Drop?
If $XRP struggles to surpass the $2.525 resistance, it might face further downward pressure. Initial support is near $2.4550, with stronger support levels around $2.420 and the 61.8% Fibonacci retracement from the recent price movement. A significant break below $2.420 could push the price toward the next support at $2.320, with further downside potential toward the $2.250 zone.
#xrpsucess #Xrp🔥🔥 #XRPPredictions #ReboundRally #MastertheMarket
XRP's price has been on the rise since it broke out from the $2.320 level, showing signs of further upward movement with the potential to surpass the $2.55 resistance. The price surged above the $2.40 mark, following the positive momentum in Bitcoin and Ethereum, and continued to break through key resistance levels at $2.45 and $2.50.
Additionally, $XRP broke through a bearish trendline with resistance at $2.44 on the hourly chart, briefly spiking above $2.55 before encountering selling pressure. The peak was at $2.5870, after which the price entered a consolidation phase.
Afterward, XRP saw a slight pullback below the $2.5250 mark, testing the 50% Fibonacci retracement level from the recent low of $2.3272 to the high of $2.5870.
🤔Another Drop?
If $XRP struggles to surpass the $2.525 resistance, it might face further downward pressure. Initial support is near $2.4550, with stronger support levels around $2.420 and the 61.8% Fibonacci retracement from the recent price movement. A significant break below $2.420 could push the price toward the next support at $2.320, with further downside potential toward the $2.250 zone.
#xrpsucess #Xrp🔥🔥 #XRPPredictions #ReboundRally #MastertheMarket
💰Hedera to Be Integrated With Chainlink🎟️🎟️
In its recent announcement, Hedera has informedd that Chainlink Data Feeds and Proof-of-Reserves (PoR) are now live on its network. This integration aims to enhance the development of institutional decentralized finance (DeFi) and real-world asset (RWA) applications on Hedera. #HederaHashgraph #HederaNetwork #hedera
In its recent announcement, Hedera has informedd that Chainlink Data Feeds and Proof-of-Reserves (PoR) are now live on its network. This integration aims to enhance the development of institutional decentralized finance (DeFi) and real-world asset (RWA) applications on Hedera. #HederaHashgraph #HederaNetwork #hedera
💰2.50% of $OP Tokens Will Be Unlocked on December 31st🎟️🎟️
Optimism will unlock 31,340,000 $OP tokens on December 31st, constituting approximately 2.50% of the currently circulating supply.
Optimism is a Layer 2 (L2) solution designed to enhance the speed and scalability of the Ethereum network. The project aims to improve performance and transaction speed on Ethereum while reducing costs.
The Optimism system is compatible with standard Ethereum development tools such as Solidity and the Ethereum Virtual Machine (EVM), making it easy for developers to migrate their applications to this platform.
OP is the native governance token. The token can be used to participate in project governance within the Optimism Collective community and to vote on protocol upgrades and fund distribution.
Optimism will unlock 31,340,000 $OP tokens on December 31st, constituting approximately 2.50% of the currently circulating supply.
Optimism is a Layer 2 (L2) solution designed to enhance the speed and scalability of the Ethereum network. The project aims to improve performance and transaction speed on Ethereum while reducing costs.
The Optimism system is compatible with standard Ethereum development tools such as Solidity and the Ethereum Virtual Machine (EVM), making it easy for developers to migrate their applications to this platform.
OP is the native governance token. The token can be used to participate in project governance within the Optimism Collective community and to vote on protocol upgrades and fund distribution.
💰2.19% of $SUI Tokens Will Be Unlocked on January 1st🎟️🎟️
In its recent announcement, Sui informed that it will unlock 64,190,000 $SUI tokens on January 1st, constituting approximately 2.19% of the currently circulating supply. #SUI🔥 #suiunlock #SuiHitsNewATH #GasFeeImpact
$BTC
In its recent announcement, Sui informed that it will unlock 64,190,000 $SUI tokens on January 1st, constituting approximately 2.19% of the currently circulating supply. #SUI🔥 #suiunlock #SuiHitsNewATH #GasFeeImpact
$BTC
🚨Hacker Exploits Dogecoin Vulnerability, Crashes 69% of Network Nodes🚨
$DOGE , one of the most famous meme coins, faced a major setback on December 12 when a hacker took advantage of a weakness in the network, causing 69% of its nodes to crash.
The attack was carried out by Andreas Kohl, a co-founder of the Bitcoin sidechain Sequentia, and showed how fragile the Dogecoin network is. This raised serious concerns about the security of cryptocurrency systems in general.
Before the attack, Dogecoin had 647 active nodes, but after the exploit, that number dropped to just 205. Since then, it has recovered slightly to 315, but the network is still running at reduced capacity.
The vulnerability, called "DogeReaper," allows anyone to crash a Dogecoin node remotely. Experts warned that this could have brought down the entire network, causing major disruptions and halting transactions for days.
The attack has brought attention to Dogecoin's security flaws, with many in the community criticizing how the issue was handled. However, some also believe Kohl's actions will help improve the open-source nature of Dogecoin, and a fix is expected soon, similar to what developers did for $ADA . #dogevulnerability #SecurityFirst
#doge⚡ #WalletActivityInsights
$DOGE , one of the most famous meme coins, faced a major setback on December 12 when a hacker took advantage of a weakness in the network, causing 69% of its nodes to crash.
The attack was carried out by Andreas Kohl, a co-founder of the Bitcoin sidechain Sequentia, and showed how fragile the Dogecoin network is. This raised serious concerns about the security of cryptocurrency systems in general.
Before the attack, Dogecoin had 647 active nodes, but after the exploit, that number dropped to just 205. Since then, it has recovered slightly to 315, but the network is still running at reduced capacity.
The vulnerability, called "DogeReaper," allows anyone to crash a Dogecoin node remotely. Experts warned that this could have brought down the entire network, causing major disruptions and halting transactions for days.
The attack has brought attention to Dogecoin's security flaws, with many in the community criticizing how the issue was handled. However, some also believe Kohl's actions will help improve the open-source nature of Dogecoin, and a fix is expected soon, similar to what developers did for $ADA . #dogevulnerability #SecurityFirst
#doge⚡ #WalletActivityInsights
In recent announcement, Cardano will unlock 18,530,000 $ADA tokens on December 16th, constituting approximately 0.05% of the currently circulating supply. #AdaFundamentals #MarketSentimentWatch
$SOL Surpasses $ETH as Top Ecosystem for New Developers in 2024: Report
Electric Capital's 2024 Developer Report has revealed that for the first time since 2016, $SOL outpaced Ethereum the leading blockchain ecosystem for attracting new developers.
The breakthrough highlights Solana's rapid growth, with 7,625 new devs joining the network in the last 12 months, representing an 83% year-over-year increase in Developer Activity.
The report, released on December 12, looked at more than 902 million code commits across 1.7 million repositories, showing that Solana's developer community is the fastest-growing among large blockchain networks. #Solana_Blockchain #Solanaecosystem #TokenMovementSignals
Electric Capital's 2024 Developer Report has revealed that for the first time since 2016, $SOL outpaced Ethereum the leading blockchain ecosystem for attracting new developers.
The breakthrough highlights Solana's rapid growth, with 7,625 new devs joining the network in the last 12 months, representing an 83% year-over-year increase in Developer Activity.
The report, released on December 12, looked at more than 902 million code commits across 1.7 million repositories, showing that Solana's developer community is the fastest-growing among large blockchain networks. #Solana_Blockchain #Solanaecosystem #TokenMovementSignals
XRP Goes Live on Yet Another Exchange
As reported by U.Today, $XRP one of the leading cryptocurrencies by market capitalization, has started trading on Arkham Exchange, according to a Friday announcement.
The Ripple-affiliated token is now available for both spot and futures trading.
The token experienced a breathtaking rally in November, vastly outperforming other major altcoins such as $ETH and $SOL
This is a sharp contrast to the predicament that the XRP token faced in early 2021. Back then, it was delisted from all major exchanges in the US due to regulatory uncertainty in the wake of the SEC's lawsuit against Ripple. The cryptocurrency was also close to leaving the CoinMarketCap top 10.
However, Coinbase, Bitstamp, and other exchanges ended up relisting the token last year after a New York District Court ruling stated that secondary XRP sales were not securities.
XRP is now expected to benefit from the SEC's new leadership which is widely expected to dramatically soften the agency's stance on crypto.
The token ended up briefly surpassing the $2.8 mark before giving up some gains.
After the blistering rally, the token's price seemingly remains in limbo, currently trading at $2.43. Yet, some traders believe that it has more room to run. #XRPGoal #Xrp🔥🔥 #xrpsucess
#ActiveUserImpact
As reported by U.Today, $XRP one of the leading cryptocurrencies by market capitalization, has started trading on Arkham Exchange, according to a Friday announcement.
The Ripple-affiliated token is now available for both spot and futures trading.
The token experienced a breathtaking rally in November, vastly outperforming other major altcoins such as $ETH and $SOL
This is a sharp contrast to the predicament that the XRP token faced in early 2021. Back then, it was delisted from all major exchanges in the US due to regulatory uncertainty in the wake of the SEC's lawsuit against Ripple. The cryptocurrency was also close to leaving the CoinMarketCap top 10.
However, Coinbase, Bitstamp, and other exchanges ended up relisting the token last year after a New York District Court ruling stated that secondary XRP sales were not securities.
XRP is now expected to benefit from the SEC's new leadership which is widely expected to dramatically soften the agency's stance on crypto.
The token ended up briefly surpassing the $2.8 mark before giving up some gains.
After the blistering rally, the token's price seemingly remains in limbo, currently trading at $2.43. Yet, some traders believe that it has more room to run. #XRPGoal #Xrp🔥🔥 #xrpsucess
#ActiveUserImpact
*XRP Joins AI Hype Train with $100 Million Investment*
There is a new development in the cryptocurrency world that has people talking. $XRP , which has been flying under the radar lately, is set to benefit from a $100 million investment in artificial intelligence development. The commitment comes from KaJ Labs, the developer behind Atua Al, a platform focused on on-chain enterprise solutions. Their plan is to integrate advanced Al tools into the $XRP ecosystem, enhancing its functionality within decentralized finance (DeFi) and enterprise operations.
This is not just about money. Atua Al wants to use $XRP Ledger's scalability and efficiency to build tools that make automation better, help with decision-making and make operations for global companies easier. The goal is practical but ambitious, focusing on real-time analytics, predictive insights and automated work flows - all driven by Al within a decentralized framework.
The $100 million fund is earmarked for research, development and the deployment of specialized Al solutions tailored to XRP-based platforms. Atua Al's strategy reflects a growing shift in the tech world, where the convergence of blockchain and Al is opening doors to new possibilities. #XRPGoal #Xrp🔥🔥 #xrpsucess #PriceTrendAnalysis
There is a new development in the cryptocurrency world that has people talking. $XRP , which has been flying under the radar lately, is set to benefit from a $100 million investment in artificial intelligence development. The commitment comes from KaJ Labs, the developer behind Atua Al, a platform focused on on-chain enterprise solutions. Their plan is to integrate advanced Al tools into the $XRP ecosystem, enhancing its functionality within decentralized finance (DeFi) and enterprise operations.
This is not just about money. Atua Al wants to use $XRP Ledger's scalability and efficiency to build tools that make automation better, help with decision-making and make operations for global companies easier. The goal is practical but ambitious, focusing on real-time analytics, predictive insights and automated work flows - all driven by Al within a decentralized framework.
The $100 million fund is earmarked for research, development and the deployment of specialized Al solutions tailored to XRP-based platforms. Atua Al's strategy reflects a growing shift in the tech world, where the convergence of blockchain and Al is opening doors to new possibilities. #XRPGoal #Xrp🔥🔥 #xrpsucess #PriceTrendAnalysis
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