updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131BlackRock deposited a large amount of Bitcoin and Ethereum to a U.S. crypto exchange while exchange traded funds saw hefty outflows. On-chain records indicated that the transactions took place in late December, amid continuing selling across spot crypto funds. BlackRock Sends Bitcoin and Ethereum as ETF Outflows Continue Arkham data shows that BlackRock transferred 2,201 Bitcoin
The post BlackRock Moves $200M BTC and ETH as Crypto ETPs See $3.2B Outflows Since October 10 Crash appeared first on CoinGape.
]]>The Bitcoin ETFs have seen a huge turnaround this week, recording their largest weekly inflows of 2025 after a period of mixed flows into these funds. This comes as the BTC price eyes a new all-time high (ATH) following a monstrous rally to begin ‘Uptober.’ Bitcoin ETFs Take In Over $3 Billion This Week According
The post Bitcoin ETFs See 2025 Record Weekly Inflows of $3.2B as BTC Eyes New ATH appeared first on CoinGape.
]]>RAAC, a decentralized Real World Asset (RWA) lending protocol, has announced a key partnership with I-ON Digital Corp (OTCQB:IONI) to issue on-chain traded tokenized gold.
The news comes amid Gold price setting multiple new highs in the past week, driven by macro economic risks and RWA sector growth.
We’ve secured a partnership with I-ON Digital, bringing $200M of tokenized gold into DeFi
This places RAAC in the top 15 RWA protocols by TVL and will allow us to launch our gold-backed stablecoin to bring real-world, reliable yield into DeFi.
PR: https://t.co/4l9ZewFtSG pic.twitter.com/L5QGVZhLU6
— RAAC (@RegnumAurum) October 2, 2025
According to the official press release, RAAC will partner I-ON Digital, a recognized leader in compliant gold digitization, to deploy its gold-backed tokens with an initial issuance of $200 million. RAAC will also launch pmUSD, a stablecoin partially collateralized by the tokenized assets ranging from gold to precious metals and real estate.
“This deal marks a historic moment for the integration of physical, real world assets from traditional to decentralized finance – a long-held, but hardly achieved aim. We are thrilled to be working with a firm like I-ON that has such a strong track record in the tokenization of gold to bring steady, income-bearing investments into the mainstream of DeFi. We believe the integration of steady, reliable assets like gold is how we support open finance to achieve its full potential, which is facilitating access to sustainable wealth creation for any type of investor,” said RAAC founder, Kevin Rusher.
As part of the deal, I-ON Digital is billed to invest up to $1 million in RAAC as a founding partner of RAAC’s RWA open finance ecosystem.
RAAC’s landmark $200 million tokenized gold initiative emphasized on-chain demand for traditional finance assets and blockchain infrastructure improvements. Vlad Tenev, CEO of Robinhood trading platform also weighed on the RWA sector growth expectations. Speaking at the ongoing Token 2049 conference, Tenev hinted that RWA adoption could mirror growing usage of stablecoins in daily transactions.
“The biggest challenge in the US is that the financial system basically works. It’s why we don’t have bullet trains — medium-speed trains get you there well enough. So the incremental effort to move to fully tokenized will just take longer. Eventually, it’s going to eat the entire financial system.”
At press time on Thursday, October 2, Total Value locked in active RWA protocols has now crossed $32 billion, according to RWA.xyz.
As RAAC’s tokenized gold launch signals institutional appetite for on-chain RWAs, new presale projects like Pepe Node are also drawing investor interest.
Offering up to 864% in staking rewards Pepe Node lets users build virtual meme coin mining rigs, merge nodes for boosted returns, and earn tokenized bonuses.
Pepe Node Presale
Currently priced at $0.0010, the Pepe Node presale has already raised $1.16 million of its $1.3 million target. Participants can still join through Pepe Node’s official website before the next price tier unlocks.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Ripple’s XRP trading volume on top-tier exchanges throughout the first quarter, with average daily volume (ADV) holding nearly $3.2 billion, while XRP Ledger (XRPL) activity decreased.
According to a May 5 report by Ripple, the volume trend reflects sustained institutional and retail engagement despite sharp price swings and moderating on-chain activity.
Spot market data shows XRP posted intermittent volume spikes, particularly during late January and early February when daily volumes exceeded $16 billion. Activity tapered off into March, although Binance retained a dominant market share, accounting for approximately 40% of exchange volume.
Other leading venues included Upbit (15%) and Coinbase (12%). Bybit’s share declined substantially after a platform hack disrupted activity in February.
XRP trading remained heavily skewed toward stablecoin pairs, led by USDT. The proportion of volume traded via fiat pairs increased modestly from 25% in the last quarter of 2024 to 29% in this year’s first quarter, indicating a mild shift toward traditional currency rails.
Overall, the volume pattern highlights XRP’s liquidity resilience and ongoing preference for stablecoin-based markets. It outperformed other major altcoins relative to the broader market, with the XRP/BTC volume ratio climbing more than 10% during the quarter.
This performance placed XRP above Cardano (ADA), BNB, and Solana (SOL) in terms of rolling average dollar volume.
At quarter-end, XRP traded at $2.09, with a 30-day ADV of $2.8 billion and a 90-day ADV of $3.3 billion, trailing only Bitcoin (BTC) and Ethereum (ETH) in absolute trading activity.
XRP’s price trajectory followed a sharp arc through the quarter. Starting below $2.00, the token rallied to a multi-year high of $3.40 in early February before retracing to $2.09 by the end of March.
Realized volatility reflected these moves, beginning the year at 150%, then falling to near 100% during a period of market calm, before rebounding to stabilize around 130% through the rest of the quarter.
The price run-up was driven by anticipation around XRP-related regulatory clarity and product expansion, though profit-taking and broader market recalibrations contributed to the subsequent pullback.
Nonetheless, XRP’s closing price at the end of the first quarter represented an 89% increase in its average closing price compared to last year’s fourth quarter.
While exchange volume held firm, on-chain activity on the XRPL declined in line with broader crypto network slowdowns. Total transactions fell by over 37% quarter-over-quarter to 105.5 million, while wallet creation dropped 40% to 423,727.
XRP burned as transaction fees decreased by 31%, and average transaction costs in US dollars doubled due to the increase in XRP’s price.
Despite the contraction in core metrics, DeFi activity on XRPL proved relatively more durable. Decentralized exchanges’ volume declined 17%, outperforming on-chain metrics from Bitcoin, Ethereum, and other major blockchains.
RLUSD, Ripple’s USD stablecoin, surpassed $90 million in market cap with over $300 million in cumulative decentralized trading volume.
Despite the broad market woes in the first quarter, XRP trading volume remained steady, suggesting what could be investors’ demand or appetite for short-term trading.
MicroStrategy, a leading player in the cryptocurrency market, has disclosed an unrealized profit of $3.2 billion on its Bitcoin investment. This substantial profit underscores MicroStrategy’s significant presence and success within the digital asset space.
The announcement of MicroStrategy’s monumental profit highlights the company’s continued commitment to cryptocurrency investments and its adept navigation of the volatile market. With Bitcoin being a focal point of its investment strategy, MicroStrategy has solidified its position as a key influencer in the cryptocurrency industry.
This milestone achievement by MicroStrategy not only showcases the company’s foresight and strategic decision-making but also reflects the growing acceptance and adoption of cryptocurrencies as legitimate investment assets. The $3.2 billion unrealized profit serves as a testament to the potential returns and opportunities presented by digital assets in today’s financial landscape.
The combined Bitcoin holdings of institutional giants MicroStrategy and Ark 21Shares have soared past a significant milestone, surpassing $10 billion in total. This remarkable achievement underscores the escalating involvement of institutional investors in the cryptocurrency market.
Ark 21Shares, in particular, has celebrated a significant milestone of its own, crossing the $1 billion mark in Bitcoin holdings. This substantial investment reflects the confidence and conviction of institutional players in the long-term potential of cryptocurrencies as an asset class.
The growing presence of institutional giants like MicroStrategy and Ark 21Shares in the cryptocurrency market signals a broader trend of institutional adoption. As more institutional investors allocate capital to digital assets, it not only validates the legitimacy of cryptocurrencies but also contributes to their increasing mainstream acceptance and integration into traditional financial systems.
Read Also: Ark 21Shares & MicroStrategy’s Bitcoin Holdings Surpass $10 Bln
MicroStrategy’s recent announcement of a $3.2 billion unrealized profit on its Bitcoin investment has sparked a surge in investor confidence in digital assets.
The significant profit realized by MicroStrategy serves as a compelling testament to the potential returns offered by cryptocurrencies. Investors are increasingly drawn to digital assets due to the promise of substantial profits, driven by factors such as Bitcoin’s price volatility and its long-term growth trajectory.
Moreover, MicroStrategy’s success story underscores the growing mainstream acceptance of cryptocurrencies as legitimate investment vehicles. As more prominent institutions like MicroStrategy allocate resources to digital assets, it reinforces the credibility and viability of cryptocurrencies in the eyes of investors and the broader financial community.
Beyond MicroStrategy, broader market trends also indicate a rising confidence in digital assets. With increasing institutional involvement, regulatory clarity, and technological advancements, cryptocurrencies are steadily gaining traction as a recognized and respected asset class within global financial markets.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Spotify’s Q2 2023 figures shows a strong quarter as its revenue and monthly active users both beat the company’s guidance.
Swedish audio streaming giant Spotify has released its earnings report for Q2 2023, pointing to a strong quarter for the company.
According to the report, Spotify’s monthly active users (MAUs) jumped 27% to 551 million, recording a net addition of 36 million, which beat the company’s guidance by 21 million, pulling in an all-time high. All Spotify regions outperformed expectations and recorded higher MAU net additions compared to the same period last year.
The report also states that Spotify subscribers hit 220 million after growing 17% year-over-year (YoY). The net addition of 10 million surpassed the company’s guidance by 3 million, making the quarter Spotify’s highest-ever Q2 for subscriber growth. Furthermore, Spotify reported an 11% YoY growth to €3.2 billion, exactly on par with guidance.
Spotify also recorded an adjusted operating loss of €112 million, lower than the €129 period the company’s guidance expected. Gross profit increased 9% from Q2 2022 to 766 million but remained unchanged from Q1 2023. According to the company, “Spotify had a very strong quarter. We beat guidance and welcomed more users and subscribers than expected, with growth continuing to come from markets all over the world.”
Spotify is forecasting another 4 million Premium subscribers for Q3 this year. It also expects to add 21 million MAUs in total. Currently, Spotify’s anticipated revenue for Q3 is €3.3 billion, slightly higher than the reported figure for Q2.
On Monday, Spotify increased its Premium subscription price in the US from $9.99 to $10.99. The increase comes following intense pressure on music streaming services from players in the music industry. Unlike Apple Music, Deezer, and other competitors that have increased prices at different points in the past, this is Spotify’s first increase since it launched in the US in 2011.
In an official blog post announcing the change, Spotify explained that the increase is necessary so the company can continue to innovate as the market landscape changes. According to Spotify, the change will “help us to continue to deliver value to fans and artists on our platform.”
Last month, Spotify revealed plans to reduce its staff headcount by 2%, affecting about 200 employees. The company said affected staff will get severance packages with access to outplacement support and healthcare coverage.
In January, the company announced a layoff plan, noting that it was necessary because of the general economic downturn. Spotify had also laid off 38 staff from the Parcast and Gimlet Media podcast studios, absorbing both into its Spotify Studios. The company did this despite highlighting in an official publication that it has more than 100 million Podcast listeners and is the most-used audio podcast platform in most of the world. Spotify also announced it has grown its podcast content from 200,000 to over 5 million shows. The publication states that Spotify is the number 1 podcast publisher in the US.
Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify crypto stories to the bare basics so that anyone anywhere can understand without too much background knowledge.
When he’s not neck-deep in crypto stories, Tolu enjoys music, loves to sing and is an avid movie lover.
Vision Fund, SoftBank’s tech investment arm, posted a loss of 4.3 trillion yen for its fiscal year that ended March 31st.
SoftBank sustained a $32 billion record loss for its Vision Fund tech investment arm amid a challenging period for tech stocks. For its fiscal year ending March 31st, the Japanese investment holding company’s Vision Fund posted a 4.3 trillion yen ($32 billion) deficit. This loss surpassed the 2.55 trillion yen that SoftBank sustained in the same period last year.
SoftBank’s latest overall Vision Fund investment loss of 5.28 trillion Japanese yen came in higher than the 3.43 trillion yen loss recorded a year before. The Tokyo-based financial conglomerate’s latest loss came despite the recent 2023 rally in tech stocks. The tech space endured one of its lowest lows in the past year, with the Nasdaq 100 index declining 11% during SoftBank’s fiscal year.
SoftBank is the most prolific global investor in tech startups, and it continues to feel the ill effects of valuation corrections across its private and public tech portfolio. Over the quarter, the multinational investment holding company experienced a portfolio markdown of $2.3 billion to $138 billion. In its earnings report Thursday, SoftBank said:
“For private portfolio companies, the fair value decreased in a wide range of investments, mainly reflecting markdowns of weaker-performing companies and share price declines among market comparable companies.”
Amid a weakening economy, SoftBank posted a 970.14-billion-yen net loss for the fiscal year. This figure paled compared to the staggering 1.7 trillion deficit sustained in the preceding fiscal year. However, it still represented a considerable dent in SoftBank’s bottom line.
Despite gains from investments with high-profile companies, including Uber (NYSE: UBER), SoftBank logged losses in other business interests. These include falling share prices of Chinese AI platform SenseTime and Indonesian e-commerce mainstay GoTo. The company said it incurred an unrealized deficit of $1.6 billion each in SenseTime Group and GoTo. SoftBank also stated that it sustained another $800 million loss in the American online food delivery platform DoorDash (NYSE: DASH).
SoftBank’s chief finance officer Yoshimitsu Goto previously said the company had entered “defense mode” and braced for three different outcomes. Earlier this year, Goto explained that the investment company anticipated a linear market recovery in 2023. However, the SoftBank CFO added that the expected recovery could occur in H2 2023 or early 2024.
All eyes are on SoftBank-owned British semiconductor giant Arm as it prepares to list on the New York Stock Exchange. Arm’s decision to float its IPO in America is a big blow to the UK government, which has hoped to entice its native tech player to London. With Arm choosing a US listing as “the best way forward for the company”, tech observers have questioned the UK‘s credibility. According to these analysts, the Arm snub may cause the English capital market to lose out on prominent tech listings.
Tolu is a cryptocurrency and blockchain enthusiast based in Lagos. He likes to demystify crypto stories to the bare basics so that anyone anywhere can understand without too much background knowledge.
When he’s not neck-deep in crypto stories, Tolu enjoys music, loves to sing and is an avid movie lover.
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