Day: August 1, 2024

TL;DR OpenEden is launching tokenized US Treasury Bills on the XRP Ledger. Users will be able to mint such products via stablecoins such as Ripple USD (when it sees the light of day later this year). XRP’s price is down 6% for the day, but a potential resolution in the Ripple v SEC lawsuit could positively affect its value. Tokenized US T-Bills on the XRPL OpenEden – a fintech company focused on bridging traditional finance and DeFi – will introduce tokenized US Treasury bills (T-bills) to the XRP Ledger (XRPL)…

All eyes are on Ethereum as it continues to hold firm to its $2,860 support level, a price point tested multiple times since July 5. According to a Deribit Insights report, Ether (ETH) is poised for a significant upside after the recent approval of United States ETH exchange-traded funds (ETFs). The insights suggest that the strong support witnessed through July indicates high buyer demand, potentially setting the path for highs of $4,500. Related: Ethereum ETFs could reach $10B AUM in first year: Sygnum Bank ETF approval boosts institutional interest After…

TL;DR The Shiba Inu team burned millions of tokens last month. The mechanism aims to reduce supply and potentially boost prices if demand stays strong. SHIB’s price dropped by 4% daily amid a market slump. However, improvements in the Shibarium network could lead to a future rally. The Burning Last Month The team behind the popular meme coin Shiba Inu continues to send tokens to a null address as part of its burning program. Data shows the destroyed tokens reached almost 380 million last month after 178 total transactions. The…

Bitcoin has fallen below $65,000 following a decision from the United States Federal Reserve to keep interest rates unchanged, along with reports of escalating conflicts in the Middle East. On July 31, Bitcoin (BTC) dipped to $64,549, the first time it has fallen below $65,000 since July 25, according to CoinMarketCap data. It briefly spiked to $65,075 before falling back again but hasn’t crossed the key level since. It’s currently trading at $64,470. Bitcoin is up 0.97% over the past 30 days. Source: CoinMarketCap The price movement followed the Federal…