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Games & Commerce

South Korea Google Play payment and fee rules to change at year-end, key is \'real costs\'

Google is expanding payment options on Google Play and overhauling its service fee structure, with the new system set to take effect in South Korea on Dec. 31. Developers will be able to use their own payment methods or external web payments, with fees varying by method and user status. Industry attention is on how much developers’ total costs change once payment processing fees and system operating costs are included.

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.