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Crypto

XRP holds near support despite selling as leverage cut eases plunge risk

Leverage positions in the XRP market are shrinking quickly and spot selling has risen sharply, but the price is holding near key support levels. XRP trades around $1.40 and is up about 8 percent over the past week. Binance open interest and overall derivatives open interest have declined markedly. Spot selling pressure intensified, with spot CVD worsening far more than perpetual futures CVD. Reduced open interest may limit liquidation-driven downside and leave room for a short squeeze if buying returns.

Crypto

XRP leverage drops sharply amid 20 percent pullback, raising questions over rebound prospects

Selling pressure in XRP’s derivatives market is rising rapidly, with Binance perpetual futures CVD dropping to minus $882.1 million and open interest down about 27% since Aug. 22. XRP has slid to $1.34 from a recent peak of $1.69, a decline of about 21%, as leveraged positions unwind. Open interest gains since mid-August have largely reversed, though the direction of liquidated positions is unclear. Weak order flow in both spot and derivatives markets persists.

AI & Enterprise

LG Uplus launches global bug bounty with HackerOne

LG Uplus will operate a global bug bounty programme from Aug. 24 in partnership with HackerOne, the company said. The programme will cover all of LG Uplus\' services, including mobile, internet and enterprise services, and aims to find potential vulnerabilities that are difficult to detect through domestic security verification alone. Participation will be limited to vetted, experienced white hackers in a private format, with continuous reporting used to detect threats and improve weaknesses.