XRP price charts are showing a hidden bullish divergence that has a history of preceding 50%-70% rallies in recent years. Key points: Hidden bullish divergence on the XRP charts can provide some respite for the bulls. Over $695 million in XRP shorts may face a squeeze if the price rebounds. Read more
Ripple’s US dollar-pegged RLUSD has entered the top 10 stablecoins by market cap, reaching $1 billion less than a year after launch. Ripple USD, a stablecoin created by XRP issuer Ripple, has surpassed $1 billion market capitalization, marking a significant milestone less than a year after its launch. Officially launched in December 2024, the Ripple USD (RLUSD) stablecoin has achieved a remarkable 1,278% year-to-date growth in market capitalization. The stablecoin first broke through the $1 billion mark on Monday, just a few days after reaching $900 million on Oct. 24, according to CoinGecko data. Read more
ELI Parks, one of the most dynamic developers on Romania's logistics and industrial market, has signed a lease contract with Quehenberger Logistics Rou, one of the largest players in the transport and logistics market, for 1,703 square meters of warehouse space and 56 sqm of office space in ELI Park Bacau.
Extending ESMA jurisdiction to include financial markets threatens to slow innovation for crypto and fintech companies, but some policy experts see a silver lining. The European Commission’s plan to expand the authority of the European Securities and Markets Authority (ESMA) over cryptocurrency and capital markets has sparked debate across Europe, with critics warning it could stifle innovation and slow decision-making. The European Union is reportedly exploring giving the ESMA direct supervisory powers over stock exchanges and crypto service providers, potentially creating a centralized regulatory framework similar to the US Securities and Exchange Commission (SEC). The European Commission is expected to publish a draft of the plan in December. Under the existing Markets in Crypto-Assets Regulation (MiCA), which took effect for crypto asset service providers in December 2024, companies authorized in one EU member state can “passport” their licenses to operate across the 27-nation bloc. Read more