Ripple's CEO Issues Urgent Warning for $XRP Holders
In light of recent developments, Ripple CEO Brad Garlinghouse has issued an important warning to the XRP community. Here is an in-depth analysis of what everyone holding XRP needs to know.
📉 Current XRP Price Update
XRP's current market price is $2.38, down $0.14 (-5.56%) from its previous close. This price volatility highlights the volatile nature of the cryptocurrency market, so it's important for investors to stay up to date with the latest news and developments.
⚖️Legal Developments: Ripple's Milestone and Media Scrutiny
Garlinghouse expressed displeasure with the media's lack of recognition for Ripple's landmark legal victory. Recently, a federal judge ruled that XRP is not classified as a security when traded on a public exchange. The decision was seen as a major victory for Ripple and could have broad implications for the cryptocurrency industry.
However, Garlinghouse criticized a recent "60 Minutes" interview for not highlighting this important ruling. He called for more transparency and accuracy in the media's coverage of legal disputes involving cryptocurrencies.
ple CEO, Brad Garlinghouse, has issued an important warning to the XRP community in light of recent developments. Here’s an in-depth analysis of what everyone holding XRP needs to know.
📉 Current XRP Price Update
The current market price of XRP is $2.38, down $0.14 (-5.56%) from the previous close. This price volatility highlights the volatile nature of the cryptocurrency market, making it important for investors to stay abreast of the latest news and developments.
⚖️ Legal Developments: Ripple Milestones and Media Scrutiny
Garlinghouse has expressed his dissatisfaction with the media’s failure to recognize Ripple’s historic legal victory. Recently, a federal judge ruled that XRP is not classified as a security when traded on a public exchange. The decision, seen as a major win for Ripple, could have broad implications for the cryptocurrency industry.
However, Garlinghouse criticized the recent ‘60 Minutes’ interview for not highlighting this important decision. He called for greater transparency and accuracy in how the media reports on cryptocurrency-related legal battles.
Ripple's CEO Issues Urgent Warning for $XRP Holders
Ripple's CEO, Brad Garlinghouse, has issued an important warning to the XRP community in light of recent developments. Here is an in-depth analysis of what everyone holding XRP needs to know.
📉 Current XRP price update
The current market price of XRP is $2.38, reflecting a decrease of $0.14 (-5.56%) from the previous close. This price volatility underscores the unstable nature of the cryptocurrency market, making it essential for investors to stay updated on the latest news and developments.
The price of XRP has experienced a remarkable surge this year following a positive court decision and the tailwind provided by Donald Trump’s victory in the November U.S. presidential election.
Thus far in 2024, XRP has seen its price increase by 311% while it jumped to 3rd place in the list of most valuable cryptocurrencies according to data from CoinMarketCap.
Although this performance has already been quite satisfactory to investors, the best may be ahead for this digital asset as rumors about the upcoming approval of a spot XRP-linked exchange-traded fund (ETF) have started to circulate.
Eric Balchunas, a well-known ETF analyst from Bloomberg News, said that he was expecting a “wave of cryptocurrency ETFs next year” possibly as changes within the U.S. Securities and Exchange Commission (SEC) are poised to take place shortly after Donald Trump takes office.
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The price of XRP is $ 2.284241 per (XRP / USD) with a current market cap of $ 130.78B USD. 24-hour trading volume is $ 22.84B USD. XRP to USD price is updated in real-time. XRP is -1.5% in the last 24 hours with a circulating supply of 57.25B. #BinanceAlphaAlert #MarketCorrectionBuyOrHODL? #MarketPullback #PENGUOpening
There are many cryptocurrencies available, but here are eight cryptocurrencies to watch .
Algo
Algo is a cryptocurrency for the Algorand blockchain platform with almost $14 billion in market capitalization. The platform supports smart contract functionality and uses a consensus algorithm based on a pure proof-of-stake system. Algo is one of the fastest-growing coins in the world of cryptocurrency, with experts projecting that it will double or triple in value by 2025. Silvio Micali, an MIT pr
Usual is a new stablecoin protocol that passed $1 billion in market capitalization yesterday less than four months post launch. Today it reached $1.15 billion, becoming the seventh largest stablecoin. Until this week, Usual’s stablecoin was entirely backed by Hashnote, a tokenized money market fund (MMF) from the founders of DRW. Yesterday Usual said it would start diversifying the reserves to include Ethena’s new USDtb stablecoin, which in turn is backed by BlackRock’s BUIDL money market fund. Today Usual announced a third element of its reserves, UsualM, an extension of the $M stablecoin.
The M^0 protocol underpins the semi-decentralized stablecoin $M. Rather than relying on a single issuer, there can be many issuers that invest the assets in Treasuries only. M^0 shares revenues from the reserves with issuers and earners, with Usual counting as an earner in this case. Usual gets a special version of $M, the UsualM, with additional functionality such as permissioned unwrapping, blacklisting and pausing capabilities.
$M deliberately doesn’t have this functionality at its core because of its decentralized roots. It doesn’t want to provide an external kill switch. But those that want to build on top of the M^0 protocol, such as Usual, can add these features.
They are also free to customize it in other respects, including branding, convertibility features and yield distribution.
“Extending $M into UsualM to support $USD0 marks a pivotal step in advancing our vision for stablecoins,” said Pierre Person, CEO of Usual. “M^0’s cutting-edge infrastructure enables us to create a stablecoin that prioritizes transparency, security, and adaptability while aligning with the needs of our community. With UsualM, we’re not just introducing another stablecoin—we’re redefining how digital dollars can generate meaningful value and impact.”