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Crypto
XRP retreats to November 2024 levels as spot and derivatives markets tilt to selling
XRP slid as low as $0.99, its lowest level since November 2024, as selling pressure dominated both spot and derivatives markets. Data showed worsening cumulative volume delta on Binance perpetual futures and a shift to negative spot CVD on centralized exchanges. Positioning also leaned bearish, with shorts outnumbering longs. The decline coincided with concern over movements from an XRP Ledger account used for the Coreum bridge, though indicators such as spot XRP ETF inflows remained positive.
Crypto
Binance to distribute $800,000 worth of XRP in rewards campaign with strict KYC, volume and residency criteria
Binance has launched an XRP rewards campaign worth a total of $800,000, but participation is limited to users who meet strict criteria including residency, customer identity verification and trading requirements. Eligible users must hold at least 0.01 RLUSD in certain accounts and post average daily trading volume of at least $500 on margin or futures, using RLUSD as collateral. Rewards are calculated using the day’s lowest balance and can be reduced for funds converted from borrowed stablecoins.
Crypto
Kraken launches cryptocurrency payment card in UK and Europe with up to 2 percent cashback
Cryptocurrency exchange Kraken has begun issuing debit cards for users in Britain and the European Economic Area. Users can spend cryptocurrencies and cash held in their Kraken accounts, with payments running on the Mastercard network and conversions available for more than 600 currencies at purchase. Kraken says it does not charge its own payment or ATM fees. Cashback of up to 2 percent depends on average balances and is paid weekly in bitcoin, euros or pounds.
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Crypto
Revolut says USDT support end only applies to EEA and Switzerland
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Crypto
Ripple steps closer to MiCA entry; variables remain over RLUSD issuance and service structure
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Crypto
Binance withdraws Greece MiCA application, seeks new EU licensing base
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Crypto
Ripple document touted as linking 500 banks is closer to technical guide, analysis says
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Crypto
BitGo expands MiCA-compliant crypto services in Europe
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AI & Enterprise
Quantoz wins Visa approval to issue stablecoin-linked cards in Europe
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Crypto
OKX launches stablecoin payment card in Europe
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Crypto
Citrea unveils U.S. Treasury-backed stablecoin targeting Bitcoin ecosystem