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Search results for Aug. 12

Crypto

XRP faces risk of breaking $1, but network activity rises

XRP has slipped to the $1 level, but network activity has risen sharply, widening the gap between price action and on-chain indicators. Average daily active addresses in August climbed to about 35,700 from about 26,400 in July, while average daily new addresses stayed near 2,260. Some analysts have lowered buy targets to $0.94 and $0.87, while others cite a long-term support zone between $0.70 and $0.90.

Crypto

Ripple-linked wallet moves 50 million XRP, some to Binance

A Ripple-linked address moved 50 million XRP to a new wallet, and 1 million of the tokens were later transferred to a wallet linked to Binance, according to on-chain data cited by The Crypto Basic. The transaction followed earlier smaller transfers from the same address. The new receiving address is described as unverified but shows links to Ripple through activation history. Market attention is on whether the 1 million transfer leads to selling, while XRP price action remains weak and derivatives indicators show caution signals.

Finance

KakaoBank executives buy 21,100 treasury shares worth 464.8 million won

KakaoBank executives bought treasury shares worth 464.8 million won on the open market. A total of 12 executives purchased 21,100 shares from June to Aug. 12, a regulatory filing showed. The company said the purchases reflect executives’ commitment to mid- to long-term growth and to enhancing corporate value. KakaoBank targets assets of 100 trillion won in 2027 and a return on equity of 15 percent in 2030.