Santiment data shows the number of XRP whales has just hit an all-time high as the price of XRP continues to rally.
As Bitcoin (BTC) continues to post new all-time highs (ATH), reaching as much as $118,869 on Binance, market indicators show little sign of overheating. The lack of retail-driven hype amid BTC’s record-breaking run suggests there may still be room for further growth in the flagship cryptocurrency.
The first field deployment of Ripple’s US-dollar stablecoin, RLUSD, as a drought-insurance rail has wrapped up in Laikipia North, Kenya. According to an update from Ripple Impact, the four-month “anticipatory aid” experiment insured 517 pastoralists—roughly 70 percent of them women—against feed shortages that typically emerge after the long-rains season.
Bitcoin’s summer rally accelerated in the early hours of 11 July, when the benchmark cryptocurrency sliced through $118,000 and printed exchange highs that peaked above $118,800, depending on venue data. The spike wiped out an estimated $1.25 billion in short positions within a single trading day, according to CoinGlass figures.
According to a Wednesday statement by SEC commissioner Hester ‘Crypto Mom’ Peirce, any firm eyeing tokenized securities must talk to regulators before moving forward.
The Ethereum price is once again gaining momentum and looks set to reach new highs. Crypto analyst Doctor Profit commented on how the altcoin has broken through a crucial moving average (MA). Meanwhile, ETH’s dominance is again on the rise.
Bitcoin’s parabolic rally could last until Christmas with a cycle top near $300,000, according to one analyst.
The XRP ETF conversation is no longer just speculation, and many industry participants and investors are on high alert. Interestingly, there are a string of important regulatory deadlines falling in July that might influence when and how an XRP ETF will hit the market.
Pengu PENGU $0.0189 24h volatility: 22.5% Market cap: $1.19 B Vol. 24h: $1.04 B soared to $0.023 on Friday, July 11, capping a 70% rally over the last three days.
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