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Derivatives activity surrounding XRP has surged sharply this week, with futures open interest climbing to $4.77 billion, its highest level since May 24, according to the latest CoinGlass data.  At the time of writing, XRP is trading at $2.31, reflecting a 1.22% decline over the past 24 hours and a 1.63% dip on the week, marking a notable uptick in trader positioning despite a minor decline in the underlying token’s spot price.  However, the growing open interest signals that market participants remain highly engaged, even as price consolidates. XRP futures open interest. Source: CoinGlass What futures open interest means for XRP Open interest in futures markets represents the total value of outstanding derivative contracts that have not yet been settled or closed. In other words, it tracks the number of active long and short positions in the market at any given time. A rising open interest, particularly when accompanied by growing volume, typically reflects...

Musk Dogecoin investment connections have wreaked havoc on DOGE holders since his Department of Government Efficiency (D.O.G.E.) announcement. Anyone who invested $1,000 in Dogecoin when Musk created this government initiative would now be sitting on significant losses due to the Dogecoin price crash that followed , highlighting serious crypto investment risk for enthusiasts who misinterpreted the billionaire’s government efficiency program as cryptocurrency endorsement. Also Read: China Chooses US Trade, Weakens Russia’s De-Dollarization Push How D.O.G.E. (Department of Government Efficiency) and Musk’s Influence Led to the $1K Disaster Source: CryptoSlate When Elon Musk had created D.O.G.E, investors erroneously took this to mean that they should purchase Dogecoin. This Musk Dogecoin investment connection triggered temporary price gains before reality set in. Source: Finbold The Investment Fallout The Dogecoin price crash has been severe. DOGE returns in 2025 look bleak af...

Summary ⚈ XRP options will launch on CME Group’s marketplace starting May 19, pending approval. ⚈ Robinhood will offer XRP options to retail investors to boost market accessibility. ⚈ CME partnership could drive XRP adoption, liquidity, and institutional trading interest. XRP options are set to launch through CME Group’s marketplaces starting May 19, 2025.  Brad Garlinghouse, the Chief Executive Officer (CEO) of Ripple Labs, dubbed the development a major, though overdue milestone in an April 24 X post. “While overdue in a bunch of ways, this is an incredibly important and exciting step in the continued growth of the XRP market!” While overdue in a bunch of ways, this is an incredibly important and exciting step in the continued growth of the XRP market! https://t.co/mnwJXKH5hi — Brad Garlinghouse (@bgarlinghouse) April 24, 2025 Pending regulatory approval, derivatives traders will be able to trade micro-sized (2,500 XRP) and standard-sized (50,0...

Users of the world’s largest crypto exchange by volume have voted to add three new altcoins to the trading platform. In a new announcement, Binance says traders that use its services have voted to add decentralized investment banking protocol Ondo (ONDO), blockchain-based multiplayer role-playing game Big Time (BIGTIME), and artificial intelligence (AI)-based gaming protocol Virtuals Protocol (VIRTUALS) to its suite of crypto products. Binance says the trio of assets will be added with a seed tag, which warns investors that they may display higher levels of volatility compared to other digital assets. “ONDO, BIGTIME, and VIRTUAL are relatively new tokens that pose a higher than normal risk, and will likely be subject to high price volatility. Users must exercise sufficient risk management and DYOR (do your own research) to fully understand the projects before opting to trade the tokens. Seed tags represent innovative projects that may exhibit higher ...

The first-ever leveraged XRP ETF in the United States, Teucrium’s 2x Long Daily XRP ETF (NYSE Arca: XXRP), made a strong market debut on April 8, 2025. The fund recorded $5 million in trading volume on day one, placing it in the top 5% of all new ETF launches, according to Bloomberg Senior ETF Analyst Eric Balchunas. $XXRP (2x XRP ETF) saw $5mil in volume on Day One, very respectable, esp considering the mkt conditions. That puts it in approx top 5% of new ETF launches, and about 4x what the 2x Solana ETF $SOLT did (altho both 200x less than King IBIT). pic.twitter.com/u3QQq5yuHv — Eric Balchunas (@EricBalchunas) April 8, 2025 XRP institutional appetite grows amid volatility The debut comes during a period of intense volatility in crypto markets, a sign of growing institutional interest in products tied to digital assets like XRP.  The fund aims to deliver twice the daily return of XRP and uses swap agreements referencing European exchange-traded...

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While a major portion of leading investment banks are eyeing cryptocurrency investments, will Switzerland’s Central Bank follow suit? The Vice President of Swiss Bank, Martin Schlegel was asked if the institution plans to keep Bitcoin in its reserves. The question comes after US President Donald Trump showed interest this year in diversifying the reserves with leading cryptocurrencies. The mounting international attention towards BTC is making larger financial institutions take note of the broader cryptocurrency market. Also Read: How Much Bitcoin (BTC) Does North Korea Hold? Bitcoin: Will the Swiss Bank Start Buying BTC? Source: Reuters During an interview with Bloomberg Television, Schlegel confirmed that Swiss Bank has no plans of acquiring Bitcoin. “We do not have plans to buy crypto assets,” he said emphasizing that the institution is focused only on fiat. Schlegel stressed that digital assets have no monetary policies and only run on software that can be subject...

Meme coins have become one of the fastest-growing sectors in the crypto market, attracting attention from seasoned investors and newcomers. With the rise of community-driven tokens like Dogecoin and Shiba Inu, the market capitalization of meme coins has surged, reaching billions in valuation. As of recent data, meme coins represent a significant portion of the crypto market. Dog (Bitcoin), Comedian, and Shiba Inu Empire show impressive growth metrics. For instance, Comedian has seen a 123.47% increase over the past week alone, with an additional 24.25% rise in the past week. This demonstrates the potential of meme coin s to offer substantial returns, making them a popular choice for those seeking high-risk, high-reward investments. Top Meme Coins to Buy Now With so many projects emerging, choosing the right meme coin to invest in requires careful Analysis . The sector is volatile, as seen in the fluctuating price movements of tokens like Dog (Bitcoin), which experienced a 25% drop ...

It looks like the meme coin industry has continued onboarding new members. The OG meme cryptocurrency Dogecoin (DOGE) has been an inspiration for several coins. But a few others decided to choose their own path. Assets like PEPE, TRUMP, MELANIA, and others moved away from the canine-themed crowd. Amidst these assets, TRUMP managed to record a notable rise and has become quite popular among cryptocurrency investors. The real question is if the asset can continue to bank on this momentum and record a new high soon. Also Read: De-Dollarization: Another Country Ditches The US Dollar The Very Volatile TRUMP Coin Source: Bitcoinist Owing to its fairly new entry into the cryptocurrency market, Donald Trump’s new meme coin has been extremely volatile. The asset recorded a massive drop of nearly 20% throughout the past seven days. However, over the last 24 hours, the meme coin jumped by 15.32%. At press time, TRUMP was trading at $30.17. Source: CoinMarketCap It should be noted that the TR...

Anthony Scaramucci, the founder of SkyBridge Capital and former White House Communications Director, continues to be a prominent advocate for cryptocurrencies.  With over 50% of his net worth allocated to Bitcoin (BTC), Scaramucci remains steadfast in his bullish outlook on the leading cryptocurrency. Early last year, he predicted that Bitcoin was on track to surpass $100,000 in 2024, fueled by strong demand for Bitcoin exchange-traded funds (ETFs). Picks for you Dogecoin whales buy 1 billion DOGE in 24 hours 2 hours ago U.S. politician takes suspicious crypto trading to the next level 3 hours ago Trading expert predicts Bitcoin and Et...

Once a relatively obscure sphere of the market, cryptocurrencies have been propelled to mainstream appeal and accessibility by institutional support. While this has gone a long way in stabilizing prices, digital assets still see a huge degree of volatility when compared to their traditional counterparts. While most investors might have switched to a long-term, buy-and-hodl approach, for those who aren’t risk averse, short-term trades have the potential to net immense profits — provided that they know what they are doing. This is particularly true in the case of meme coins. However, it’s hard to overstate just how risky big, short-term bets can be — particularly in the era of automated trading systems, sniping, and rug pulls. Picks for you Robert Kiyosaki updates his 2025 Bitcoin price prediction 25 mins ago ...