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EU’s MiCA regulations trigger Tether (USDT) withdrawal from major European crypto exchanges. Ripple’s MiCA-compliant RLUSD stablecoin is positioned to fill the void left by USDT in Europe. MiCA’s impact could boost XRP as RLUSD gains traction on the XRP Ledger and Ethereum.
Volatility Shares launches first 1x XRP futures ETF on May 22, boosting market interest. Over 60 million XRP sold by whales in 72 hours, signaling major portfolio moves. CME recently introduced XRP and Micro XRP futures, boosting institutional access to XRP.
Quick Take Bitcoin price and options open interest reached new all-time highs (ATH) following a 25% hike in BTC spot price in the last month. Geoffrey Kendrick, Standard Chartered’s global head of digital assets research, said all predicted catalysts aligned for the asset’s upswing. Analysts foresee more positive price momentum in the coming weeks and months, but also advise caution due to thin market liquidity.
Quick Take Jupiter, the leading decentralized exchange aggregator on Solana, unveiled a new lending protocol on stage at the Solana Accelerate conference on Thursday. The new feature will be powered through a partnership with liquidity layer Fluid.
- 06:16Analysis: Bitcoin Core Relay Policy Statement Causes Discontent in Bitcoin Community and May Even Lead to Community SplitThe Bitcoin Core Project released a statement yesterday regarding Bitcoin core development and transaction relay strategy, recommending a non-interference approach to the Bitcoin network. However, this move has sparked strong dissatisfaction within the Bitcoin community, with analysis suggesting it could lead to a split in the community: 1. JAN3 CEO Samson Mow stated that Bitcoin Core developers have been gradually changing the network, but the notion of "that's just how it is, too bad" is inappropriate; 2. Casa founder Jameson Lopp commented that Bitcoin Core developers are a group, and their statement that they cannot force anyone to run code they dislike sounds like PR, but when there is no unified message and just a group of independent developers making statements, such PR is ineffective; 3. Bitcoin developer Carl Horton remarked that Bitcoin is a "currency," not a "bucket," "store," or any general data storage, but a peer-to-peer electronic cash system; 4. Bitcoin Core developer Luke Dashjr stated that the transaction relay goals listed in the statement are mostly incorrect, predicting which information will be mined is a centralized goal, and the main aim of transaction relay is to predict Bitcoin transactions that will be mined, aiding spam propagation is harmful.
- 06:16This week, U.S. Bitcoin spot ETFs saw a net outflow of $131.6 millionAccording to Farside Investors data, this week the US Bitcoin spot ETF saw a net outflow of $131.6 million, including: BlackRock's IBIT with a net inflow of $81.1 million; Fidelity's FBTC with a net outflow of $167.7 million; and ARKB with a net outflow of $24.5 million.
- 06:14Meta is in talks for a large-scale AI investment possibly exceeding $10 billionAccording to informed sources, Meta Platforms is in talks to invest billions of dollars in the AI startup Scale AI. Some insiders suggest that the value of this financing could exceed $10 billion, making it one of the largest private company financings ever. These sources stated that the terms of the deal have not been finalized and are subject to change, requesting anonymity when discussing private information. Representatives for Scale AI did not immediately respond to requests for comment. Meta declined to comment.