HUGE news! @Ripple just received conditional approval from the @USOCC to charter Ripple National Trust Bank. This is a massive step forward - first for $RLUSD, setting the highest standard for stablecoin compliance with both federal (OCC) & state (NYDFS) oversight.
To the banking lobbyists โ your anti-competitive tactics are transparent. Youโve complained that crypto isnโt playing by the same rules, but hereโs the crypto industry โ directly under the OCC's supervision and standards โ prioritizing compliance, trust and innovation to the benefit of consumers. What are you so afraid of?
The new Bored Ape Yacht Club store is here, open year-round for the first time.
Everyday classics, seasonal member-exclusive drops, and no more waiting for the next merch window.
Opens December 10th.
๐จ๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐๐ ๐๐๐๐๐: ๐๐ฑ๐๐ก๐๐ง๐ ๐ ๐๐๐ฅ๐๐ง๐๐๐ฌ ๐๐๐๐๐๐๐๐ ๐๐% ๐ข๐ง ๐๐ ๐๐๐ฒ๐ฌ ๐ณ๐ฅ
Fresh data shows total $XRP on ALL exchanges has fallen from ๐.๐๐๐ ๐ญ๐จ ๐ฃ๐ฎ๐ฌ๐ญ ๐.๐๐ ๐ฌ๐ข๐ง๐๐ ๐๐๐ฉ๐ญ๐๐ฆ๐๐๐ซ.
Thatโs ๐.๐๐ ๐๐๐๐๐๐๐ ๐๐๐ ๐ซ๐๐ฆ๐จ๐ฏ๐๐ from public order booksโฆ ๐ข๐ง ๐ญ๐ฐ๐จ ๐ฆ๐จ๐ง๐ญ๐ก๐ฌ. ๐คฏ
This is the sharpest drop in yearsโฆ and itโs happening exactly as ETF demand begins to build. ๐
๐ต ๐๐๐ฉ๐ญ ๐๐: 3.95B $XRP on exchanges
๐ต ๐๐จ๐ฏ ๐๐: 2.6B $XRP on exchanges
โก๏ธ A ๐๐% ๐๐จ๐ฅ๐ฅ๐๐ฉ๐ฌ๐ in available sell-side liquidity
With supply drying up, even normal buying pressure has been moving price faster. ๐๐๐ ๐๐๐ ๐ข๐ง๐๐ฅ๐จ๐ฐ๐ฌ ๐จ๐ง ๐ญ๐จ๐ฉ ๐จ๐ ๐ญ๐ก๐ข๐ฌ?
Yeahโฆ this is how real supply shocks start. ๐
๐จ UPDATE: Binanceโs XRP reserves have fallen to about 2.7B, one of the lowest ever, as steady outflows show investors pulling tokens off the exchange.
๐ INSIGHT: $XRP RESERVES PLUMMET ON BINANCE
Binance reserves are dropping fast as long-term and institutional buyers accumulate XRP.
Long consolidation periods in XRP followed by squeezes above key moving averages have historically been followed by strong moves.
The most recent reading shows reserves near 2.7B XRPโ down sharply from early October levels.
Typically, shrinking exchange balances signal that long-term holders and institutional buyers are absorbing supply faster than traders are returning it to the market. This trend aligns with increased spot #XRP ETF inflowsโ which logged more than $21M in inflows on Wednesday.
Chart: Crypto Quant
Are we seeing BTC money rotating into XRP? ๐๐ฅ
A massive transaction just hit the XRPL: 110,193,345 XRP moved in a single transfer.
Sent from BTC Markets processed for just 0.01 XRP in fees.
XRPL doing what it does best: speed, scale, efficiency. โก๏ธ
OHHHHHHHHHHHHHHHHHHHHH FUGGGGGGGGGGGGGGGGGGGG
RLUSD JUST GOT APPROVED AS COLLATERAL IN ABU DHABI
BIG BANKS CAN NOW BORROW BILLIONS USING IT AS SAFE, REGULATED BACKING
RLUSD IS NOW AN ACCEPTED FIAT-REFERENCED TOKEN FOR LENDING IN THE UNITED ARAB EMIRATES
๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ๐ฅ
BREAKING: The 21Shares $XRP Spot ETF (ticker: TOXR) has received official approval and is set to begin trading on, November 29.
This marks another major milestone in expanding institutional access to $XRP.