Together, the standard and micro futures registered a total trading volume of $235 million on Friday, the highest on record. The tally takes the cumulative trading since inception on May 19 to $1.6 billion, according to data source CME Active Trader. That’s more money than you can shake a stick at! 💸
In a statement that sounds straight out of a sitcom, they insisted that all private keys are safe, which I assume is code for “trust us, we’ve got this.” No further losses are expected, probably because they’re fighting hard to ensure all the goldfish in the pond stay afloat.
And if you reckon that was the end of our antics, hold your horses! The excitement was amplified, much like a well-placed microphone at a stand-up show, when news of a Spot PENGU ETF came tip-toeing in from Canary Capital, and the SEC took its hat off to acknowledge it. Meanwhile, the major crypto brands—those suave operators, Coinbase, VanEck, and MoonPay—decided to don the images of Pudgy Penguins as their avatars, adding fuel to the bonfire of social momentum. Who knew a bunch of folks donning penguin masks could cause such a stir? 🐧✨
Key Support levels: $0.40 (Or as I like to call it, the “please, someone buy this” line)
Over the past few sessions, XRP has been locked in a consolidation zone, a dance of indecision that mirrors the broader crypto market. The price, a ballerina on a tightrope, oscillates within a clearly defined band, testing the upper and lower bounds with each pirouette. This narrowing price behavior, a classic “build-up” phase, is where the tension builds, the audience holds its breath, and the stage is set for a dramatic finale. Such setups often result in sharp price moves, depending on whether the bulls or bears seize control first. 🎭
Hungarian digital asset traders using “unauthorized” cryptocurrency exchanges face up to two years in prison under newly enacted legislation. Those conducting trades exceeding $140,000 (50 million forints) face an additional year, while transactions above $1.4 million could lead to sentences of up to five years. 😱😱😱
So, XRP did that thing where it creeped above $2.750, and suddenly everyone’s saying it’s the next Bitcoin. It then broke above $2.850 like it was some kind of hero.
By the time the sun rose, the wallet had parted with 40,009 BTC, worth roughly $4.68 billion. The coins, which had first seen the light of day in early 2011 when a bitcoin was worth less than a dollar, now found themselves in the hands of a modern financial behemoth. Galaxy Digital, with its reputation for premier execution and bespoke liquidity, seemed the perfect partner for such a delicate operation. Within hours, 6,000 BTC ($706 million) had been discreetly deposited into Binance and Bybit, two of the most liquid exchanges on the planet.
Republican House Speaker Mike Johnson expressed his hope to pass the bills, calling it a “priority of the White House, the Senate, and the House to do all of these crypto bills.” However, some Republicans wanted the stablecoin-regulating GENIUS Act amended or bundled with two other crypto bills up for a vote this week – the CBDC-banning Anti-CBDC Surveillance Act and the sweeping crypto market structure bill, the CLARITY Act.
CME’s XRP and Micro XRP futures have achieved a new daily record on July 11, reaching over $235 million in notional trading volume, pushing the total volume across the suite beyond $1.6 billion. CME Active Trader shared this delightful news on social media platform X on July 14, stating:
