Crypto News
XRP Price Boom in Crosshairs as Traders Expect Short Squeeze Fueled Rally
XRP’s XRP ballooning open interest reflects a surge in speculative activity and hints at a potential price breakout in the near term, market watchers say, as the token trades around $2.20 as of Tuesday morning.“XRP’s open interest has surged to nearly $5 billion (over the weekend), indicating increasing speculative activity as traders take sizable positions in the derivatives market,” Bitget chief market analyst Ryan Lee said in a message to CoinDesk.“This spike suggests strong potential momentum, with market participants bracing for a decisive move," he added.XRP’s price is currently trading in a tight consolidation range — often a technical precursor to breakouts — while consistent spot buying pressure adds to the bullish sentiment. Historically, similar setups in XRP have resulted...
Ethereum Foundation Restructures R&D Division, Plans ‘Rethink’ on Design and Development
The foundation's new "Protocol" division focuses on immediate scaling goals, while some researchers are set to leave the organization.Source link
NVIDIA Air Enhances Network Simulation with External File Uploads
NVIDIA Air now supports external file uploads for creating scalable network topologies, enhancing simulation capabilities for data centers and large networks. (Read More)Source link
Singapore Finalizes Crypto Rules—Firms Serving Overseas Must Comply by June
Singapore is mandating crypto service providers operating locally but serving overseas customers to get licensed or exit by June, with no grace period or phased rollout. Singapore Gives Crypto Firms Until June 2025 to Comply, Without Grace Period or Tiered Rollout The Monetary Authority of Singapore (MAS) finalized its position on May 30 regarding theSource link
AUSTRAC Tightens Grip on Crypto ATMs After Spike in Illicit Activity
The Australian regulator has refused one crypto ATM provider’s license and imposed transaction caps across the sector.Source link