Coindesk

XRP XRP traded in a narrow range over the past 24 hours, consolidating between $2.27 and $2.32 as global trade tensions and diverging central bank policies weighed on investor sentiment.The digital asset demonstrated resilience amid broader market volatility, with strong buying interest emerging at key support levels.News BackgroundRipple’s regulatory wins in Dubai and progress on stablecoin initiatives, such as RLUSD, provide a fundamental tailwind, though traders remain wary amid volatile global conditions.Ondo Finance’s Ondo Short-Term U.S. Government Treasuries (OUSG) is now live on the XRP Ledger (XRPL), expanding institutional access to the institutional-grade RWA product onchain.Digital Commercial Paper (DCP), secured by U.S. Treasuries, is now live on the XRP Ledger, enhancing efficiency and accessibility.Administered by Guggenheim Treasury Services, DCP is...

Bitcoin BTC stayed steady above $109,500 in Asian morning hours Wednesday, a rebound that started after last week’s profit-taking.However, all eyes are on ether ETH with traders commenting on upside volatility in the weeks to come and reporting record volumes for certain ETH-based products on some exchanges. ETH zoomed 5% in the past 24 hours, leading gains among majors.“Investors are finally recognizing the compelling investment opportunity that Ethereum presents. It’s still trading well below its all-time highs, while bitcoin is already near its ATH levels,” said Jeff Mei, COO at BTSE, in a message to CoinDesk. He pointed to Ethereum's growing role in tokenizing real-world assets like stocks, money-market funds, and U.S. Treasuries, adding that it was “very likely that...

OpenTrade has raised $7 million in a strategic round led by Notion Capital and Mercury Fund, with backing from a16z crypto, AlbionVC, and CMCC Global. The latest funding brings the London-based company’s total haul to $11 million in just six months, a signal of investor confidence in the startup’s push to bring yield-bearing stablecoins to users in unstable economies.The company runs a “yield-as-a-service” platform designed for fintech apps, exchanges, and neobanks. Clients like Criptan in Spain and Littio in Colombia use OpenTrade’s backend to let users earn interest — up to 9% — on USD and EUR holdings.In countries like Argentina or Colombia, where dollar bank accounts are rare and offer negligible interest, apps powered by OpenTrade let users earn...

Decentralized Layer 1 blockchain XRP Ledger's (XRPL) sidechain that's compatible with the Ethereum Virtual Machine (EVM) is set to go live in the second quarter, Jaazi Cooper, director of product management at Ripple, and David Schwartz, Ripple's chief technology officer said at the ongoing APEX 2025 conference in Singapore.EVM compatibility refers to the ability of the blockchain to run Ethereum-based decentralized applications and smart contracts seamlessly.The XRPL EVM sidechain testnet went live early this year and is experiencing rapid growth, according to Peersyst Technologies."87 new entities – with no prior XRP involvement – are now contributing to the ecosystem: infrastructure, apps, and demand generation," Peersyst said on X. "When mainnet goes live, all of it becomes part of the XRP...

SINGAPORE – Brad Garlinghouse, CEO of crypto company Ripple Labs, stated at the XRP Ledger Apex, the Ripple (XRP) community conference in Singapore, that he remains bullish on stablecoins – a sentiment he said is reinforced by the recent blockbuster Circle CRCL initial public offering (IPO)."Circle IPO's clearly went very well. That's a reflection of investor interest in crypto, both institutions and retail. The financial future will be blockchain-based," Garlinghouse said at Apex.Garlinghouse said that one factor in the success of Circle's IPO is the market's fundamental belief that the GENIUS Act – the U.S. stablecoin legislation – will pass.As CoinDesk previously reported, the GENIUS Act, a stablecoin regulatory bill, is poised for imminent Senate passage with bipartisan support, potentially...