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Crypto

Binance XRP holdings hit five-month low, demand recovery key to rebound

Binance’s XRP holdings fell to about 2.61 billion tokens in early July, the lowest in five months, and have remained near that level with no major inflows seen. A smaller exchange balance suggests less XRP is immediately available for sale, but prices did not rebound in step. Analyst Arab Chain said reduced supply alone is unlikely to lift prices without demand. Order-flow indicators still point to selling pressure, though XRP has risen 4.62 percent in 24 hours to about $1.11.

Crypto

XRPL takes over 70 percent of tokenised representative commodities market

XRP Ledger (XRPL) accounts for more than 70 percent of the global on-chain representative tokenised commodities market, ranking first in that segment. In the broader tokenised commodities market combining representative and decentralised products, Ethereum maintains the largest share. XRPL holds about $2.5 billion of the $3.55 billion representative market. The total tokenised commodities market is $8.08 billion, up $3.84 billion since the start of the year.

Crypto

Bitmine earned from staking but lost on derivatives, highlighting ETH strategy's dual nature

Bitmine earned $45.7 million last quarter from Ethereum staking and validation, but booked a $92.1 million loss on Ethereum-linked option trading, resulting in an $83.6 million quarterly net loss. Revenue rose to $46.5 million for the quarter ended May 31. Over nine months, derivative losses totaled $133.3 million. The company issued about 340.7 million shares to fund Ethereum purchases and reported large unrealised digital-asset losses, while saying it has liquidity for at least 12 months.