1 days ago
Uphold, a prominent cryptocurrency exchange and strong supporter of Ripple’s ecosystem, recently highlighted the remarkable rise of Ripple’s RLUSD stablecoin. In a post on X, Uphold emphasized RLUSD’s rapid growth, with its trading volume surging by over 100% within weeks of its launch. This impressive performance has already secured RLUSD a spot as the seventh most traded stablecoin by 24-hour volume, trailing industry leaders such as USDT, USDC, and DAI. At this rate, it could be vying for the top spot sooner than expected Ripple`s $RLUSD stablecoin is making waves, with trading volume surging by over 100% in its initial weeks post-launch. How do you think #RLUSD will impact the #XRP ecosystem and the broader #crypto market? — Uphold (@UpholdInc) January 5, 2025 A Promising Start for RLUSD Launched as part of Ripple’s expanding ecosystem, RLUSD has quickly gained traction in a competitive stablecoin market. Its early success shows strong market demand for regulated stablecoins, as RLUSD boasts NYDFS approval . By offering a USD-backed stablecoin, Ripple has provided users with another reliable medium of exchange, particularly valuable in an industry where volatility can hinder mainstream adoption. Uphold’s recognition of RLUSD’s rise further validates its significance in the broader cryptocurrency landscape. The exchange’s post comes as RLUSD becomes a central component of Ripple’s strategy to connect traditional finance with decentralized finance (DeFi). A New Dimension for Ripple’s Ecosystem While RLUSD’s market growth is noteworthy, its integration into Ripple’s ecosystem is equally significant. Ripple Chief Technology Officer David Schwartz described RLUSD as a complementary asset to XRP , designed to expand use cases and improve liquidity. RLUSD’s stability provides an ideal solution for users engaging in transactions or DeFi activities while minimizing exposure to volatility. The stablecoin’s strategic role aligns with Ripple’s long-standing goal of bridging traditional and digital financial systems. RLUSD has been referred to as a potential Trojan horse for integrating Ripple’s technology into traditional banking, allowing financial institutions to adopt blockchain solutions seamlessly. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Will RLUSD Take Over the Stablecoin Market? RLUSD’s rapid ascent also signals a shift in the stablecoin market. As the seventh-ranked stablecoin by 24-hour trading volume, it has outperformed many competitors, highlighting its growing appeal among users and institutions. RLUSD has achieved this notable feat in less than a month, and the speed of its growth shows how much faith the crypto world has in Ripple’s technology and the digital assets in XRP’s ecosystem. With the stablecoin beginning to gain its footing in Asia, the XRP community is excited to see how much it can grow as adoption increases over the next few months. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post Uphold Says Ripple’s RLUSD Is Making Waves: Here’s What This Means For XRP appeared first on Times Tabloid .
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Cryptocurrency News Ripple Ripple Stablecoin RLUSD Uphold XRP
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Bitcoin ETF Inflows Hit $978M: BlackRock’s $597M Leads Despite Market Downturn
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The post Bitcoin ETF Inflows Hit $978M: BlackRock’s $597M Leads Despite Market Downturn appeared first on Coinpedia Fintech News Bitcoin continues its downward trend, trading near $96,259 after a sharp 5% drop. The flagship cryptocurrency has faced increasing pressure from strong U.S. economic data, which has dampened investor sentiment. With a 24-hour low of $96,132 and a high of $102,022, Bitcoin’s trading volume has also dipped by 23%, reflecting cautious market activity. Overall it also hit major altcoins which fell by 5% to 10% within 24 hours, even memes felt the heat, with Dogecoin (DOGE) dropping 8% and Shiba Inu (SHIB) dropping to 10%. The global crypto market dropped 16%, now at $3.38 trillion. Despite the tumbling Bitcoin performance , BlackRock’s iShares Bitcoin ETF (IBIT) has made waves in the crypto world, recording a massive $597 million inflow despite a broader market downturn. This marks the third consecutive net inflow for spot Bitcoin ETFs, signaling strong institutional confidence even as the market faces macroeconomic pressures. In the downtrend, Bitcoin ETFs are raising the temperature. Will this rally continue? let’s find out! Record Inflows Highlight Market Optimism On January 7, BlackRock’s IBIT purchased 6,078 BTC worth $208.7 million, significantly outpacing the new BTC mined that day. As per data , the ETF’s inflow of $597 million stands out as a lifeline for the crypto market , which has been grappling with investor caution due to strong U.S. economic data. In total, Bitcoin spot ETFs saw nearly $978 million in inflows, with BlackRock leading the charge. Other ETFs Struggle Amid Selloff While BlackRock continues to dominate, other Bitcoin ETFs faced notable outflows. Fidelity’s FBTC, Bitwise’s BITB, and Ark Invest’s ARKB saw combined outflows exceeding $400 million. Grayscale’s GBTC also recorded a $125.45 million outflow, further highlighting BlackRock’s contrasting strength in the market. What’s Dragging Bitcoin Down? The crypto market is feeling the heat from strong U.S. economic data. More job openings and better-than-expected service sector numbers have made the U.S. dollar stronger, which isn’t great news for Bitcoin. On top of that, higher Treasury yields are making traditional investments more attractive, pulling attention away from crypto. The U.S. dollar index (DXY) remains strong above 108.50, while the 10-year Treasury yield hit a 35-week high of 4.68%, adding to Bitcoin’s downtrend. A Silver Lining BlackRock’s aggressive Bitcoin purchases, even during a market downturn, signal unwavering confidence in the long-term potential of digital assets. As the iShares Bitcoin ETF continues to attract substantial inflows, it could set the stage for renewed optimism in the crypto space, especially as investors navigate macroeconomic challenges. As the dust settles, all eyes are on institutional players and economic trends to see where Bitcoin heads next. 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Welcome to our community! `; let selectedSubscriptionsArray = selectedSubscriptionsString.split(`,`); let subscribedCategories = selectedSubscriptionsArray.map(subscription => subscription.split(`_`)[0]); let subscribedCategoriesString = subscribedCategories.join(`, `); subscribedmodal.innerHTML = subscribedPopupModal; if (document.getElementById(`selectidname`)) { document.getElementById(`selectidname`).textContent = subscribedCategoriesString; } document.querySelector(`#subscribe-modal-design .modal`).style.display = `none`; subscribedmodal.style.display = `block`; subscribedmodal.classList.remove(`hide`); subscribedmodal.classList.add(`show`); document.getElementById(`subscribe_` + categoryid).style.display = `none`; document.getElementById(`unsubscribe_` + categoryid).style.display = `block`; var showDownloadReport = document.getElementById(`download_report`); if (showDownloadReport) { showDownloadReport.style.display = `block`; } } } catch (e) { console.error(`Error parsing response:`, e); } }, }); } function closeModal(template_id) { var modalId = template_id; var modal = document.querySelector(`#` + modalId); // Using querySelector to find the modal if (modal) { modal.classList.add(`hide`); modal.classList.remove(`show`); setTimeout(function() { modal.style.display = `none`; }, 500); } else { console.warn(`Modal not found:`, modalId); } } function closeunsubscribemodal() { var unsubscribemodal = document.querySelector(`.unsubscribed-popup-modal .modal`); if (unsubscribemodal) { unsubscribemodal.classList.add(`hide`); unsubscribemodal.classList.remove(`show`); } setTimeout(function() { unsubscribemodal.style.display = `none`; }, 500); } function closesubscribemodal() { var subscribedmodal = document.querySelector(`.subscribed-popup-modal .modal`); setTimeout(function() { subscribedmodal.style.display = `none`; }, 500); if (subscribedmodal) { subscribedmodal.classList.add(`hide`); subscribedmodal.classList.remove(`show`); } } function withoutLoginClicked(withoutlogin_id) { localStorage.setItem(`subscribe_without_Login`, `true`); localStorage.setItem(`subscribe_clicked_id`, withoutlogin_id); } document.addEventListener(`DOMContentLoaded`, function() { var templateId = `6`; getAllSubscriberCategoryList([templateId]); jQuery.ajax({ url: `https://coinpedia.org/wp-admin/admin-ajax.php`, type: `GET`, data: { action: `subscribe_api_ajax_request`, apiurl: `/app/email_newsletter/list`, }, success: function(response) { var resultonload = JSON.parse(response.message); var storeallcategory = resultonload.message; if (Array.isArray(storeallcategory)) { // Collect all `news_cp_category_row_id` values and remove duplicates var allCategoryIds = storeallcategory.map(function(item) { return String(item.news_cp_category_row_id); // Convert IDs to strings }); var uniqueCategoryIds = Array.from(new Set(allCategoryIds)); // Get unique IDs // Convert templateId to a string for comparison var templateIdStr = String(templateId); // Check if the templateId is NOT found in the unique category IDs if (!uniqueCategoryIds.includes(templateIdStr)) { var idNotMatchTounsubscribe = document.getElementById(`unsubscribe_` + templateIdStr); var idNotMatchTosubscribe = document.getElementById(`subscribe_` + templateIdStr); // Check if elements exist before applying display changes if (idNotMatchTounsubscribe) { idNotMatchTounsubscribe.style.display = "none"; } if (idNotMatchTosubscribe) { idNotMatchTosubscribe.style.display = "none"; } } } else { console.log("storeallcategory is not an array."); } }, error: function(xhr, status, error) { console.error("AJAX request failed:", status, error); } }); const subscribewithoutData = localStorage.getItem(`subscribe_without_Login`); const subscribe_clicked_cat_id = localStorage.getItem(`subscribe_clicked_id`); // Function to get cookies function getCookie(name) { let value = "; " + document.cookie; let parts = value.split("; " + name + "="); if (parts.length == 2) return parts.pop().split(";").shift(); } // Get user token from cookies const userToken = getCookie(`user_token`); if (subscribewithoutData === `true` && userToken) { // Call the modal function with the category ID subscribed_popupmodal(subscribe_clicked_cat_id); // Remove the flag and category ID from localStorage localStorage.removeItem(`subscribe_without_Login`); localStorage.removeItem(`subscribe_clicked_id`); } }); /************************** update susbcriber content **************************** */ function initializeSubscriptionButton() { var initialListItems = document.querySelectorAll(`.subscription-options input[type="checkbox"]`); initialListItems.forEach(function(item) { console.log(item.checked, `Initial Checkbox checked status`); }); var listItems = document.querySelectorAll(`.subscription-options li`); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector(`input[type="checkbox"]`); if (checkbox) { if (checkbox.checked) { item.classList.add(`active`); anyActive = true; // Set anyActive to true } else { item.classList.remove(`active`); // Remove `active` class if checkbox is unchecked } } }); } function updateButtonText(anyActive) { var subscribeButtonSpan = document.querySelector(`.subscribe-submit .changeBtnText`); if (subscribeButtonSpan) { if (anyActive) { subscribeButtonSpan.textContent = `Subscribe Now`; } else { subscribeButtonSpan.textContent = `Unsubscribe`; } } } function updateSubscriptionButton() { var listItems = document.querySelectorAll(`.subscription-options li`); if (listItems.length === 0) return; var anyActive = false; listItems.forEach(function(item) { var checkbox = item.querySelector(`input[type="checkbox"]`); if (checkbox) { if (checkbox.checked) { item.classList.add(`active`); anyActive = true; // Set anyActive to true } else { item.classList.remove(`active`); // Remove `active` class if checkbox is unchecked } } }); // Update the button text based on whether any list item has the `active` class updateButtonText(anyActive); } document.addEventListener(`click`, function(event) { var clickedItem = event.target.closest(`.subscription-options li`); if (clickedItem) { var checkbox = clickedItem.querySelector(`input[type="checkbox"]`); if (checkbox) { checkbox.checked = !checkbox.checked; updateSubscriptionButton(); } } }); TimesTabloid
XRP Sees Unusual 111% Volume Boost Amid Slipping Prices
XRP volume up as traders renew commitment amid slipping prices TimesTabloid
