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Crypto

Storj Labs files for bankruptcy protection, seeks way for token holders to take equity

Storj Labs, a decentralised storage provider, has filed for Chapter 11 bankruptcy protection in the United States. It said it will maintain network operations and customer service during restructuring and is considering a plan to allow STORJ token holders to participate in equity of the reorganised company. The firm said most of its debt predates its current strategy and is too large to resolve through growth alone.

Crypto

Ripple escrow holdings put at about 32.45 billion XRP, community says it can be verified on public ledger

The XRP community has reaffirmed that Ripple’s publicly visible XRP escrow holdings total about 32.445 billion XRP, after confusion persisted in the market amid mixed figures from older sources. A user on X shared a snapshot based on the current ledger. The XRP Ledger Foundation’s community director said the same figure can be checked on XRPScan. Data shared also listed active accounts, burned XRP, escrow holdings, and circulating supply.

Crypto

XRP open interest tops $2.4 billion as market eyes break above $1.18

XRP open interest has climbed above $2.4 billion, up about $125 million over the past week. With XRP trading around $1.14 and up 1.5 percent over 48 hours, derivatives positioning has built again ahead of the $1.18 resistance level. Futures volume was $1.98 billion versus $274 million in spot volume, while liquidations were $2.53 million. Funding rates showed a mild long bias, and spot XRP ETFs saw $6.78 million of net inflows on July 16.