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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

Gen Z buys more ETFs than millennials and Gen X in surprise twist for \'coin generation\'

Gen Z investors using crypto exchanges trade equity products less frequently than millennials and Gen X, but keep more money in ETFs and individual stocks than in leveraged products, Binance Research data showed. Gen Z’s ETF share of spot stock trading rose to 25% in early August from 14.6% in June, outpacing millennials. Gen Z accounts also showed more buy-and-hold behaviour, while leveraged products were used more for short-term trading.

Finance

KB Securities launches \'Ggabio\' investment performance analysis on MTS

KB Securities has introduced a service on its mobile trading system that analyses customers\' stock trading performance and expanded investor community functions. The company launched the investment performance analysis service \'Ggabio\' on its main MTS, \'KB M-able\', and rolled out a revamped \'M-able Community\'. Ggabio presents stock-selling results using baseball-style metrics, including batting average, slugging percentage and profit-loss ratio, to help users review performance and trading patterns.