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Crypto

Kalshi seeks approval to trade XRP, SHIB perpetual futures in U.S.

Kalshi is seeking U.S. approval to trade perpetual futures contracts based on XRP and Shiba Inu (SHIB). According to The Crypto Basic, Kalshi submitted multiple crypto perpetual futures contracts to the U.S. Commodity Futures Trading Commission under a self-certification process. The filing also includes Solana, Stellar, Ethereum and Dogecoin. The proposed contracts are designed for 24/7 trading and include funding-rate mechanics and position limits, while CFTC review remains pending.

Crypto

Bitcoin $60,000 level in focus as 2022 bear market echoes resurface

Bitcoin has slid to a two-month low, prompting warnings that price action may be starting to resemble the 2022 bear market. After falling to $65,362 on Bitstamp, volatility eased but concerns persisted that key support could give way. Analysts highlighted the 50-month exponential moving average around $66,628 and the psychological $60,000 level as crucial markers. Some see range-bound trading near $63,000 to $65,000 in the near term.

Crypto

XRPL marks 14th anniversary as Ripple CEO credits community for growth

XRPL marked its 14th anniversary, with Ripple executives crediting the XRP community and ecosystem participants for the network's growth. David Schwartz and Brad Garlinghouse highlighted the community's role and said the network's success was not built by founders alone. Early development history also resurfaced, while XRPL's use has expanded beyond payments. Dune Analytics data showed billions of transactions since launch, and XRP remained fifth by market value.