Well, folks, the crypto market decided to throw a Friday morning party that would’ve made even the dustiest saloons jealous. Prices whipped around like tumbleweeds in a desert storm, and trading activity surged faster than a jackrabbit on espresso. 🐇☕
And then there was XRP, the plucky underdog of the crypto world, which saw its volume skyrocket by 44%, hitting a jaw-dropping $6.57 billion. Yes, you read that right-billions. Someone call the Guinness Book of World Records because this is starting to feel like the financial equivalent of eating 80 hot dogs in ten minutes. 🌭
What caused this frenzy? A weaker-than-expected jobs report waltzed in like an uninvited guest at a wedding, whispering sweet nothings about potential interest rate cuts from the Fed. Cryptocurrencies collectively perked up, thinking they’d struck gold. But alas, it was short-lived, and prices tumbled faster than a drunk cowboy trying to mount a horse. 🐴🍻
At press time, XRP was nursing a hangover, down 0.85% over 24 hours to $2.80 after flirting with an intraday high of $2.88. Poor thing-it’s like watching your favorite character get rejected on a reality TV show.
XRP News (Because Apparently It Has Its Own Soap Opera) 📺
Meanwhile, CME futures dropped some August stats that made everyone sit up straighter. Crypto futures and options hit a record $36 billion in open interest (OI), and guess who stole the spotlight? That’s right, XRP-the Brad Pitt of digital assets. It reached an all-time high in OI as institutional players realized Bitcoin isn’t the only game in town.
Ripple CEO Brad Garlinghouse couldn’t resist popping onto X (formerly Twitter) to flex these stats. He proudly declared that XRP Futures contracts hit $1 billion in open interest faster than any other asset-just over three months. If that doesn’t scream “crypto rockstar,” I don’t know what does. 🎸🔥
Oh, but wait! There’s more! This week, the XRP Ledger mainnet got a shiny new upgrade called Credentials (XLS-70). Imagine it as the blockchain version of a bouncer at an exclusive club-issuing, managing, and verifying user credentials directly on the ledger. It introduces a fancy new “Credential” ledger object and transaction types for creating, accepting, and deleting said credentials. So now, if someone tells you they’re important on the XRP Ledger, you can actually check. How modern! 🎩✨
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2025-09-05 20:02