Crypto News

XRP’s slow push into institutional finance just picked up another backer.Data-focused blockchain firm Flare announced on Friday that Everything Blockchain Inc. (OTC: EBZT), a U.S.-listed company, has signed a memorandum of understanding to adopt its XRP finance (XRPFi) framework for corporate treasury yield.The move comes months after Nasdaq-listed VivoPower International PLC (NASDAQ: VVPR) committed $100 million in XRP to Flare’s ecosystem, making EBZT only the second public company to do so.The agreements mark early steps in Flare’s effort to turn XRP — historically a non-yielding asset — into a productive instrument for institutions.At the center of the framework is Flare’s “FAssets” system, a trustless bridge that gives smart contract functionality to tokens like XRP and bitcoin. Combined with Firelight, Flare’s...

The class action suit had alleged that Strategy misled investors about how a new accounting practice would impact the profitability of the company’s massive Bitcoin holdings.Source link

Ethereum’s derivatives markets are flashing heightened activity as open interest climbs across futures and options, while liquidations reveal heavy pressure in recent trading sessions. Ethereum Open Interest and Options Activity Hit New Highs as August Comes to a Close Ethereum futures open interest has expanded sharply in recent weeks, climbing to more than $60 billionSource link

At Bitcoin Asia, Trump touted the cryptocurrency as a financial leveller, even as his examples centered on elites and institutions.Source link

XTZ price drops to $0.73 amid bearish momentum, with technical indicators suggesting further downside risk as Tezos approaches critical support levels. (Read More)Source link