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Search results for July 31

Crypto

XRP spot ETF sees outflows as bitcoin and ethereum attract inflows

XRP spot exchange-traded funds posted net outflows for the first time in about a month, with $3.58 million leaving on Aug. 5, all from Bitwise’s XRP spot ETF. Other XRP spot ETFs were flat. Cumulative net inflows for XRP spot ETFs stood at $1.51 billion and assets under management at $993.38 million. In contrast, Bitwise’s bitcoin spot ETF drew $10.56 million and its ethereum spot ETF added $1.37 million on the same day.

Finance

Travel Wallet faces capital task ahead of 2027 Kosdaq IPO

Travel Wallet, which is seeking a Kosdaq listing in 2027, must further bolster equity as its prepaid balances have risen rapidly. South Korea\'s financial authorities required the company to increase capital and improve profitability through changes to its business structure. Travel Wallet said it can meet the management improvement standards within the deadline and that there is no change to its existing IPO schedule. The company has not disclosed its current equity or the amount of capital it needs to raise.

Crypto

Circle to launch Arc mainnet on Sept. 16 with 11 founding validators including Visa and BlackRock

Circle will open the public mainnet of its own blockchain, Arc, on Sept. 16. It named 11 institutions including Visa, Mastercard and BlackRock as founding validators. Circle said more than 100 developers are involved under a private mainnet, and the testnet processed over 500 million transactions across about 3 million wallets. It also reported second-quarter revenue of $701 million and net income of $48 million.