Ripple's RLUSD to Power New Institutional Credit Fund by Clearpool and Cicada

·2 views

Clearpool and Cicada Partners are developing an institutional lending product built around Ripple's RLUSD stablecoin. The initiative marks a significant step toward real-world financial utility for the stablecoin. However, the underlying XRP Ledger features required to support the product have not yet been activated. The announcement coincides with a strong performance period for XRP in the crypto markets.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Bitcoin and Ether ETFs Record $827M in Inflows for Second Consecutive Day

Spot Bitcoin ETFs attracted $606 million in inflows on August 20, while Ether ETFs added $221 million on the same day. Both figures surpassed the previous day's totals, marking a second straight session of rising inflows. The consecutive surge signals strong institutional demand driving Bitcoin's recent price momentum. Analysts view the back-to-back inflow growth as confirmation of sustained buying interest from large investors in crypto ETF products.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

MANTRA Token Hits Record Low as Blockchain Halts Following Exploit

The MANTRA token plunged 18% to an all-time low of approximately $0.004126 before its blockchain network stopped producing blocks. The halt followed a security exploit in which an attacker took advantage of a vulnerability in the chain's underlying software. MANTRA confirmed the incident, attributing the network disruption directly to the breach. The exploit raised immediate concerns about the security of the blockchain's infrastructure.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Bitcoin, Ether and Solana Rally as $3.8B in Short Positions Liquidated Over Two Days

Bitcoin, Ether, and Solana posted gains as a wave of short liquidations swept through crypto markets. Approximately $1 billion in short positions were wiped out in the latest session, bringing the two-day total to around $3.8 billion. Thursday's liquidation figure alone set a record dating back to 2021. The mass liquidations occurred as prices climbed, forcing bearish traders who had bet on a price decline to close their positions at a loss. The event highlights the scale of volatility currently gripping the cryptocurrency market.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Bitcoin Surpasses $75,000 Milestone Amid Continued Market Rally

Bitcoin has broken past the $75,000 mark as its ongoing price rally continues to gain momentum. The surge has put significant pressure on bearish traders who had bet against the cryptocurrency. Bitcoin analyst James Check noted the difficult position short-sellers now find themselves in. The milestone reflects growing bullish sentiment in the broader crypto market.

0 comments Read more at CoinDesk