XRP’s 1,220% Spike, What’s Going On And Who’s Driving The Growth?
XRP investment products witnessed a notable spike in inflows last week. CoinShares data shows that XRP products attracted $39.6 million last week, a 1,220% jump from the modest $3 million recorded in the previous week. The move came as digital asset investment products posted their sixth straight week of inflows, bringing in $857.9 million across the market. The broader tone was helped by improving sentiment around the CLARITY Act, especially after lawmakers reached a compromise on stablecoin yield rules. Spot XRP Inflows Jump 1,220% CoinShares’ latest weekly flow data shows XRP-based....
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Could Bitmain be driving the latest spikes of hashing growth with Antminer S3s? With the imminent release of the much anticipated Antminer S3, Bitmain has pushed out 4.8 ph/s to their private AntPool. Officially they are saying that S2's and some large private customers are driving up the hash rate in the pool there are many who are speculating that it is the initial testing of the S3s as well. All told, with the amount of Antminer S1 and S2 sales Bitmain units sold in the past months, Bitmain is estimated to be powering 20% of the total network. Recently Bitmain announced the upcoming....
A former Ripple executive is speaking out about how the firm’s previous work with central bank digital currencies, also known as CBDCs, may help XRP’s growth. Welfare also pointed out that the next step is making CBDCs, stablecoins, and other forms of digital money work together. If this happens, XRP could benefit and play a […]
XRP’s price action in recent weeks has been deprived of bullish momentum, and the derivatives market is also sending clear signals that traders are scaling back their exposure to the cryptocurrency. Data from on-chain analytics platforms like CryptoQuant and Coinglass across leverage and futures activity shows that speculative participation has thinned out considerably, with XRP’s […]
According to data from CryptoQuant, Bitcoin’s (BTC) Kimchi Premium has surged to a three-year high of 12%. This spike comes amid a steep decline in the flagship cryptocurrency, triggered by concerns over the economic impact of looming US trade tariffs on Canada, Mexico, and China. Kimchi Premium Rises To 3-Year High, What’s Driving It? Starting […]