On Monday, XRP, also known as Ripple, dropped by 5% and hit a six-week low, with the global crypto market cap falling by over 3%. This comes ahead of the upcoming U.S. inflation report. Similarly, Solana also declined and hit a multi-week low. XRP/USD dropped to an intraday low of $0.4333, breaking out of a floor at $0.4360, while SOL/USD fell to a low of $21.01, its lowest level since April 26.
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XRP Plunges to Six-Week Low as Crypto Markets Move Further into Red
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Cointime August 4 News Express
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Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX
According to the monitoring of on-chain analyst Yu Jin, Jump Trading may be selling ETH: they are currently redeeming a wstETH (120,000 pieces) worth $410 million in batches into ETH and then transferring it to exchanges such as Binance/OKX. So far, they have unpacked and redeemed 83,000 wstETH into 97,500 ETH in the 9 days since July 25. Among them, 66,000 ETH (191.4 million US dollars) have entered the exchange.At present, there are still 37,600 wstETH in their wstETH storage address that have not been transferred out; 11,500 stETH in the redemption ETH address is being redeemed into ETH; and 20,000 ETH in the ETH transfer address to the exchange are waiting to enter the exchange in batches. -
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Donald Trump Plans to Release Fourth NFT Collection, Embraces Crypto Industry
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Crypto Industry Disappointed as Digital Assets Fail to Make an Appearance in First 2024 US Presidential Debate
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Why is XRP price up today?
Key factors driving XRP's price upward today are hopes of spot XRP exchange-traded funds in the U.S. and increased accumulation by whales.
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Cointime May 25 News Express
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