XRP Surges 15% as On-Chain Activity Clusters Around Banking Hours

·1 views

XRP, the cryptocurrency linked to Ripple, has recorded a 15% price increase amid an notable shift in its on-chain transaction patterns. Data reveals that approximately 23% of XRP's on-chain activity now occurs during a three-hour window overlapping London afternoon and New York morning trading hours. This concentration of activity has risen sharply from around 14% recorded during the same period a year ago. The pattern has been dubbed 'banker hours' by analysts, suggesting growing institutional or financially aligned participation in the network.

Read the full story at CoinDesk

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

Discussion (0)

Optimism Foundation redirects $49M in OP tokens from user airdrops to ecosystem fund

A decisive vote by an Optimism-funded team has approved a major reallocation of token resources. The plan shifts 546.9 million OP tokens away from user airdrops toward a Foundation-controlled Strategic Ecosystem Fund. The move effectively reduces what users would have received through airdrop distributions. Critics may view the decision as centralizing control over funds that were originally earmarked for the broader community.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Fed liquidity promises, dollar weakness could determine bitcoin's next move

Your day-ahead look for Aug. 20, 2026

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Bitcoin Rally Fuels Debate Over Whether US Crypto Clarity Act Is Priced In

Bitcoin has experienced a notable rally, prompting discussion among market participants about its underlying drivers. OKX Europe CEO Erald Ghoos suggests that upcoming U.S. cryptocurrency regulations could inject fresh momentum into the crypto market. Ghoos also points to a broader capital rotation trend, with investors appearing to shift funds from AI-related assets back into Bitcoin. The debate centers on whether the anticipated regulatory clarity from the U.S. Clarity Act has already been factored into current Bitcoin prices.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Bitcoin surpasses $71,000 as $3 billion in short positions liquidated

Bitcoin broke out of a six-week consolidation phase, surging past the $71,000 mark. The rally triggered approximately $3 billion worth of short position liquidations, marking the largest such event since at least 2021. Traders who had placed bearish bets were forced to buy back their positions as prices climbed. The combination of compressed supply and forced buybacks amplified the upward price movement.

0 comments Read more at CoinDesk