Analyst: XRP open interest surges, how will it perform in the future?
XRP may be in the midst of a “leverage-driven” rally as the asset’s price surges to a new yearly high.

XRP may be in the midst of a “leverage-driven” rally as the asset’s price surges to a new yearly high.
The SEC announced securities charges against the lending platform’s Abra Earn service, but also said the company had settled pending civil penalties and injunctions.
Vanguard rejects Bitcoin ETFs, citing the cryptocurrency's immaturity and misalignment with its investment philosophy. Despite industry divergence, the firm stands firm on its traditional, long-term-focused investment strategy, sparking reactions and potential future shifts.
The collaboration with Manta Network is anticipated to pave the way for strategic growth opportunities, facilitating additional market outreach.
Altcoins, led by Solana, XRP, and Dogecoin, have surpassed Bitcoin in open interest, marking a significant shift in the derivative market. Altcoins now command 41% of the market's open interest, totaling $12.22 billion, while Bitcoin's dominance has decreased to 39%. Ethereum also trails behind, despite increased funds in its futures market. The altcoin market, with a 66% volume dominance, is reshaping investor portfolios, showcasing a paradigm shift in cryptocurrency dynamics.
The United States Department of Justice is investigating the hundreds of millions of dollars’ worth of crypto taken in unauthorized transactions from FTX.
The United States Congress has decided to launch an investigation into Binance citing it had a role in the downfall of FTX.
The two nations have agreed to share their investigation data on the ongoing crypto-related cases including Terra Luna.
SpaceVerse was defined as “a secure digital metaverse that converges terrestrial and space physical and digital realities" as well as provides a simulated environment for training.