Ripple and Ethereum are increasingly aligning through a key stablecoin development that is beginning to reshape how liquidity moves across blockchain ecosystems. With new RLUSD supply entering Ethereum, this shift points to a more connected trading environment where assets are no longer confined to a single network, but can move efficiently across multiple markets.
Ripple Issues 9.9 Million RLUSD On Ethereum
Ripple has issued 9,900,000 RLUSD on the Ethereum network, marking a fresh expansion of its stablecoin footprint across multiple blockchains. The minting activity was spotted by the Ripple Stablecoin Tracker, which monitors treasury-level movements and changes in supply.
The issuance is demand-driven, meaning RLUSD is created in response to activity from exchanges, institutional participants, and retail users. Tokens are generated through Ripple’s Treasury smart contract system, allowing supply to expand in a controlled and traceable manner.
Each RLUSD token is backed 1:1 by US dollar reserves or cash equivalents held in regulated custody accounts. This ensures price stability while supporting usage across Ethereum-based platforms, including decentralized finance applications and trading venues.
This mint follows a period of aggressive supply contraction, where more than $230 million RLUSD was burned in roughly a week. This included a single large burn of 180 million RLUSD within hours, along with additional reductions across both Ethereum and the XRP Ledger.
At the same time, RLUSD continues to expand its trading footprint. A new listing on the Bitrue exchange introduced trading pairs linking RLUSD with PAXG and XAUT, both tokenized gold assets. A Deloitte report also placed RLUSD reserves at $1.56 billion, above its circulating supply of $1.49 billion tokens, reinforcing its fully backed structure.
How RLUSD’s Expansion Signals A Shift In Global Trading
The real significance of RLUSD’s movement onto Ethereum lies in how it changes the mechanics of trading itself. By existing across both Ethereum and the XRP Ledger, RLUSD becomes a bridge asset that can move liquidity between ecosystems that previously operated in parallel.
This means traders and platforms can access stable dollar liquidity more directly within DeFi environments, without needing to exit into traditional banking rails or rely on slower settlement layers. It also allows liquidity to adjust more fluidly, as issuance increases when demand rises and supply contracts when activity cools.
The result is a more responsive market structure. Stable assets like RLUSD can now support trading strategies that depend on speed, cross-chain access, and deep liquidity across multiple venues. The integration with tokenized gold pairs on Bitrue further extends its use case into real-world asset exposure, connecting digital dollar liquidity with commodity-backed instruments.
In practical terms, this type of system reduces friction in global trading. It improves capital efficiency, shortens settlement pathways, and allows liquidity to flow more naturally between centralized exchanges and decentralized markets.
Ultimately, RLUSD’s expansion on Ethereum, its controlled supply mechanics, and its growing market integration point toward a trading environment that is more connected, more adaptive, and more efficient.
Featured image created with OpenPRa, chart from Tradingview.com
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Charles Hoskinson Shares Master Plan to Usher in Massive Liquidation for Cardano ZyCrypto
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Cardano’s Constitution Could Usher In A New Era In Crypto: Institutions Rally Behind INTL TronWeekly
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Crypto Market Today (March 7): Despite U.S. President Donald Trump’s recent announcement about a Bitcoin reserve, BTC price backtracked to a $84K low intraday. Simultaneously, Ethereum (ETH), Solana (SOL), and XRP prices followed by dropping 1-6% in the interim. Meme coins also traded mainly in the red zone on Friday, with the broader sector’s action collectively sparking severe investor concerns despite the latest pro-crypto advancements.
Crypto Market Today: BTC, ETH, SOL, XRP Wane Despite U.S. Crypto Reserve Establishment
The global crypto market lost nearly 4% value today as the market cap shrank to $2.88 trillion despite pro-cryptocurrency advancements in the U.S.
President Donald Trump recently signed an executive order to establish a Bitcoin strategic reserve nationwide. Further, the order also focused on creating a ‘Digital Asset Stockpile’ in the U.S. that consists of crypto other than BTC. However, despite these much-awaited pro-crypto developments, prices today encounter considerable volatility.
BTC Price Hits $84K Low Again
After showcasing a recovery-like trend, BTC price again leaves hope sinking as it fell over 4% to $87,071 at the time of reporting. Besides, CoinMarketCap’s data showed that the coin bottomed at $84,717.68 over the past day. This waning action raised severe concerns, contrary to the strategic U.S. reserve announcement that was expected to bolster the price.
Besides, with $259.24 million in liquidations in the past 24 hours, per Coinglass data, Bitcoin continues to face turbulence. Even BTC futures OI slipped 4.6% today and closed in at $48.48 billion, signaling declining market interest despite favorable developments.
ETH Price Dips 6% Amid Crypto Market Volatility
ETH price cracked by 6% intraday and exchanged hands at $2,146. The coin bottomed and peaked at $2,103.47 and $2,319.40 in the past 24 hours. The second-largest coin by market cap wanes alongside $72.04 million worth of liquidations recorded over the past day. Ethereum’s futures OI also declined by 4.24% to $19.24 billion, rationalizing a downtrend. The coin’s market dominance rested at 9.1% today.
XRP Price Slips 1%
XRP price witnessed a drop of slightly over 1% and is currently sitting at $2.47. The coin hit an intraday low and high of $2.39 and $2.64, respectively. Ripple’s cryptocurrency follows the broader market trend, facing turbulence amid $24.34 million in liquidations recorded over the day. Conversely, the coin’s future prospects remain optimistic amid rising XRP whale accumulations.
SOL Price Loses 5%
SOL price witnessed a 5% downfall in the past 24 hours and closed in at $141. The coin swooped to a $135.72 low and a high of $152.78 intraday. Even Solana registered $21.67 million worth of liquidations, aligning with the tumbling action.
Meme Crypto Market In The Red
Simultaneously, Dogecoin (DOGE) price pulled back nearly 5% and exchanged hands at $0.1967. Shiba Inu (SHIB) price lost over 2% and stood at $0.00001318. Even Pepe Coin (PEPE) price lost 6% and exchanged hands at $0.000006717. Altogether, the meme coin market mirrors broader trends.
Top Gainers In The Crypto Market Today
Some tokens appear to have defied the fading market trend today, entering the green zone.
Movement (MOVE)
Price: $0.4945
24-Hour Gains: +5%
MOVE price soars alongside Donald Trump’s World Liberty Financial’s rising accumulations for the token, per recent Spotonchain X post.
Sui (SUI)
Price: $2.68
24-Hour Gains: +1%
Sui gains alongside its new collaboration with Trump’s World Liberty Finance. WLFI will include SUI in their strategic token reserve, as revealed by the crypto’s community posted on X.
Jito (JTO)
Price: $2.66
24-Hour Gains: +0.5%
Top Losers In The Crypto Market Today
Other tokens that bore the brunt of a broader market dip are:
Ondo (ONDO)
Price: $1.02
24-Hour Loss: -14%
Sonic (S)
Price: $0.5206
24-Hour Loss: -13%
Cardano (ADA)
Price: $0.8549
24-Hour Loss: -10%
In conclusion, the market sentiment remains uncertain despite the optimistic announcement of a Bitcoin strategic reserve establishment. Traders and investors eagerly await the looming White House crypto summit for further clarity on the market’s future.
Coingape Staff
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Disclaimer: 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.
Bitcoin, Ethereum, and XRP led the crypto funds’ inflows last week as spot Bitcoin ETFs made their Wall Street debut on January 11, a day after the U.S. Securities and Exchange Commission (SEC) approved all 11 spot Bitcoin ETFs at the same time. CoinShares head of research James Butterfill says it failed to break all-time high records.
Massive Bitcoin Inflows In Crypto Funds
Crypto asset investment products saw $1.18 billion inflows (subject to T+2 settlement), according to CoinShares weekly report on January 15. Despite the huge spot Bitcoin ETF hype, it fails to break the $1.5 billion record of futures-based Bitcoin ETFs in October 2021.
However, crypto funds trading volumes soared record high of $17.5 billion last week. The average trading volume is $2 billion per week.
Bitcoin recorded a $1.16 billion inflows, representing 3% of total assets under management. Short-bitcoin also saw inflows of $4.1 million, with month-to-date inflows of $3.2 million. Experts anticipated a long-term profit of spot Bitcoin ETFs as some remain skeptical about spot Bitcoin ETFs despite bringing money back into the market.
Ethereum also saw inflows of $26 million indicating better investment fundamentals and high demand for its staking yield. XRP saw $2.2. million inflows in a week and $3.1 million in inflows month-to-date, the largest among altcoins.
However, Cardano and Solana inflows declined to just $1.4 million and $0.5 million. Altcoins such as Avalanche and Polkadot also recorded mere inflows as investors looked to other crypto assets.
The U.S. saw $1.24 billion of inflows last week, while Switzerland saw $21 million inflows. Germany, Canada, and Sweden recorded significant crypto asset funds’ outflows.
Also Read: Binance Files Joint Response To US SEC’s Terra Lawsuit Supplemental Authority
Crypto Performance Today
BTC price fell 1% in the past 24 hours, with the price currently trading at $42,592. Furthermore, the trading volume has increased by 40% in the last 24 hours, indicating a rise in interest among traders.
In contrast to Bitcoin, Ethereum saw prices rising above $2500. ETH price currently trades at $2537, with a 24-hour low and high of $2,470 and $2,545, respectively.
XRP price jumped 1% in the past 24 hours, with the price currently trading at $0.57. The 24-hour low and high are $0.574 and $0.592, respectively. Furthermore, the trading volume has increased by 90% in the last 24 hours.
Also Read: Cosmos Ecosystem Chains Affected By CosmWasm Vulnerability
The post Breaking: Bitcoin, Ethereum, & XRP Usher $1.18 Billion In Crypto Funds Inflow appeared first on CoinGape.
]]>BlackRock’s filing of the spot Bitcoin ETF last month has sparked huge interest in the Bitcoin investment product, which is yet to hit the market subject to SEC approval. In its latest research report, NYDIG explained how the arrival of a spot Bitcoin ETF could be a game changer for Bitcoin investors.
While the spot Bitcoin ETF exists in other parts of the world, the investment product has yet to hit the US market. As per NYDIG estimates, a total of $28.8 billion of combined AUM already exists in Bitcoin investment products across the world. Of these, $27.6 billion have been invested in spot products.
NYDIG explains that the positive reasons for a spot ETF are that it would solve some issues with current investment options in Bitcoin. An ETF would have better protections for investors and function as a reliable choice because of the BlackRock and iShares brand.
It would also be easier to buy and sell through brokers and report positions, measure risks, and do taxes. Compared to other options like private funds or trusts, a spot ETF would likely have better liquidity, less tracking error, and possibly lower costs. However, there’s no decision over the fees charged for trading spot Bitcoin ETFs.
Bitcoin and Gold Analogy, $30 Billion Inflows Likely After Spot Bitcoin ETF
NYDIG also shares an interesting analogy between Bitcoin and Gold, the two asset classes often compared with each other. Gold ETFs across the world account for over $210 billion in AUM. Of these, nearly half of that AUM, i.e. $107.3 billion is in North America.
Bitcoin is not held by central banks (except in El Salvador) or used in products like gold. However, a larger portion of Bitcoin’s supply (4.9%) is held in various funds compared to gold (1.6%). When looking at private holdings, the ratio is more favorable for Bitcoin compared to gold, which includes ETFs and bars and coins. Explaining further, NYDIG states that another $30 billion in inflows into Bitcoin can’t be ruled out with the arrival of spot Bitcoin ETF. It added:
The numbers are striking on an absolute dollar basis – over $210B invested in gold funds, while only $28.8B is invested in Bitcoin funds. Bitcoin is about 3.6x more volatile than gold, meaning that on a volatility equivalent basis, investors would require 3.6x less bitcoin than gold on a dollar basis to get as much risk exposure. Still, that would result in nearly $30B of incremental demand for a Bitcoin ETF.
Although NYDIG is bullish over the arrival of spot Bitcoin ETF, other market players don’t have the same view. Earlier this month, banking giant JPMorgan said that spot Bitcoin ETF would likely not have much impact on the market. The banking giant added that spot Bitcoin ETFs haven’t seen much success in overseas markets. Thus, there’s no reason for them to succeed in the US.
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.
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Chancer raises $421.4k in two weeks
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The token’s P2P model in betting is attracting investors
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Chancer’s value to increase in the subsequent presale phases and upon listing
Blockchain is revolutionising traditional sectors in good ways, with the latest being betting. Chancer has been the key project in this shift, focusing on new ways investors can participate in betting and earn. The primary innovative feature of Chancer is its peer-to-peer betting that allows investors to predict in markets created by themselves. Investors have shown enthusiasm for the project, buying more than $421.4k worth of Chancer tokens in the first phase of a presale that opened two weeks ago. The successful presale underlines the growing uptake of crypto, with Mastercard considering a multi-token network (MTN).
Mastercard to make digital transactions secure and interoperable with MTN.
Payments giant Mastercard wants to enhance digital transactions’ security, interoperability, and scalability with a Multi-Token Network (MTN) product. The company says MTN will enable efficient and cost-effective payments by using digital assets.
MTN is also expected to enhance identity management and permissions through blockchain networks, thus building trusted business interactions. Using digital identities will also help counter fraud common in card-related transactions.
The new product by Mastercard underlines that big players are getting into the sector, building needed trust. For a global payment network like Mastercard, it means the project will increase digital asset visibility and allow new ones to succeed.
Peer-to-peer betting by Chancer. What is it?
As the name suggests, peer-to-peer (P2P) is a betting model permitting user relations with each other. Chancer is pioneering a P2P betting where users can build their betting markets via a secure decentralised system. Users can determine what instruments, events, or situations they want to bet on and invite others (peers) into that betting market.
Chancer has the edge over the traditional betting markets in that investors are not restricted to the odds and rules common in betting platforms. They play by their rules and odds betting through Chancer.
With the ability to create a betting market from almost anything, Chancer brings fun to betting and allows flexibility to investors. It also expands the earning opportunities for investors as they can create limitless betting markets via the P2P model.
What is the value proposition of Chancer?
Chancer carries value in letting investors create betting markets and earn rewards on successful outcomes against peers. Investors can bet on events from football to politics and elections. But of course, Chancer is built with an investment focus rather than betting.
One of the ways to unlock value through Chancer is by creating predictive markets. Investors get rewarded for market-making activities. It means investors are rewarded for their interests and expertise by participating in the Chancer project.
The second way is through staking $CHANCER. Investors can stake the tokens for yields, thus unlocking liquidity and facilitating the platform’s growth. Other ways to earn include token rewards for promoting Chancer to others.
Is Chancer an ideal investment?
Chancer could be an ideal investment if you are looking for a project with huge growth potential. Betting markets are fast-growing, and the entry of Chancer offers a leeway for investors to do it differently.
Alongside the ability to earn through P2P betting, investors who feel locked out of the traditional markets can find Chancer ideal.
The growth of the Chancer platform could fuel an increase in the value of the token and generate enormous returns for investors. For a token of a novel project like betting, price increases for $CHANCER can be up to 1,000%.
Does buying $CHANCER on presale make sense?
Any token that is newly listed is best bought at the presale. The price level is low, and there is a potential to earn big when it is listed on exchanges.
Chancer’s presale will occur in 12 stages, each with a higher price than the previous one. As such, the price is the lowest in the first phase and the most attractive.
Binance Coin (BNB/USD) traded at $337 on Monday, its highest level since June. In our previous CoinJournal analysis, we indicated that BNB was heading to $300, a crucial resistance level. In this bulletin, we find that BNB broke past the resistance on a strong bullish surge. Buyers could now look at attractive buy zones after the breakout.
The latest BNB gains reflect positive optimism around crypto and Elon Musk’s acquisition of Twitter. On the former, cryptocurrency gains were widespread last week as investors speculated a soft stance by the US Fed. On Twitter’s acquisition, there are growing expectations that BNB will get more utility. Binance was one of the key financiers of Elon Musk. Analysts now expect the crypto exchange to play a role on Twitter.
The elephant in the room now lies around the rate decision by the Fed. The expectation has slowed down BNB, which was trading at $319 at press time. The price is still quite high compared to the October lows of $266. It is also above the breakout zone, suggesting investors are still active on the token.
BNB faces resistance at $330
Source – TradingView
Turning to the technical side, BNB is contained by the $330 resistance. The token broke past it briefly, but the price on the daily candlestick closed lower. The resistance also coincided with very overbought conditions, with an RSI reading of 78. The indicator still shows that BNB is overbought.
Which way, BNB?
A breakout above $300 makes a bullish case strong for BNB price. However, the cryptocurrency needs to clear $330 to see a new yearly high. Buyers will remain active if the price is above the breakout zone. The Fed’s decision is another factor that will determine the activity of buyers.
For now, BNB could remain in a correction phase until the technical and fundamental bits align.
Where to buy BNB
eToro
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Binance
Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.
Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.
El Salvador was the first nation which accepts Bitcoin(BTC) as a legal tender, and the country is now focusing on relaunching the Chivo wallet. The El Salvador Nayib Bukele led government focuses on Chivo wallet’s stability and uptime, scalability, and social impact.
The nation is also planning to deploy 1500 Bitcoin ATMs. Several teething issues have plagued the nation’s economy since it adopted BTC as a legal tender. The IMF has already warned El Salvador of becoming a pariah in the world economic order.
However, El Salvador continues its process to make BTC a legal tender. In addition, it has relaunched its in-house Chivo wallet to address the existing challenges of BTC transfers locally. It has also partnered With AlphaPoint integration; the updated Chivo wallet is expected to carry out instantaneous low-fee Bitcoin transactions while fixing concerns related to stability and scalability.
President Nayib Bukele announced that Chivo wallet onboarded 2.1 million Salvadorans, which by the end of the year amasses 75% of the population. However, this mass adoption is not without hiccups, and there are numerous roadblocks, including system issues and missing funds. As a result, El Salvador partnered with a white label infrastructure provider, AlphaPoint, focusing heavily on Chivo wallet’s stability and uptime, scalability, and social impact.
As per an official statement, Chivo intends to expand its current consumer-faced use cases. It envisages simplifying payments of home utilities, taxes, and many other daily transactions in Bitcoin. The process will also see the launch of more than 1500 BTC ATMs across the nation to serve El Salvadorans.
If the AlphaPoint integration succeeds in its intentions of providing support for point-of-sale systems, websites, and the Salvadoran government’s administrative console, it will be a significant milestone. In addition, the process will enable Lightning integration for nearly instantaneous low-fee Bitcoin transactions via QR and Lightning addresses.
AlphaPoint CEO and co-founder Igor Telyatnikov said: “El Salvador and President Bukele are truly leading globally with this first major experiment in Bitcoin adoption at a country-wide level. We are honored to be involved in the process and provide the scalable and reliable solutions needed for this massive undertaking.”
Disclaimer
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.
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