🚨 Web3 Unfiltered: What’s Really Happening in Crypto?

News

Binance is listing World Liberty Financial USD (USD1), a USD backed stablecoin. It is worth noting that World Liberty financial is backed by Trump family and is holding other crypto like ETH, WBTC etc. The exchange will open spot trading for the USD1/USDT pair with no listing fee required for the new digital asset.

Ripple cryptocurrency is once again buzzing with activity at the moment amid key market developments of a successful XRP futures ETF launch and a stablecoin bill. XRP price is up 3% today with daily trading volumes surging 45% to $4.33 billion, suggesting strong trader sentiment. Additionally, talks of Ripple acquiring USDC stablecoin issuer Circle, and the passing of the GENIUS Act next week, could have a positive impact on the RLUSD stablecoin.

Markets

Despite Bitcoin clocking a fresh all-time high above $111,000, XRP, like many altcoins, continues to struggle to reclaim previous highs. In 24 hours, XRP price has registered a modest 3.6% gain despite a 250M whale move. So, why is the price stalling, and what should traders expect next from XRP?

Bitcoin (BTC) extended intraday gains to set up a new ATH of $111,000 on many US-based crypto exchanges such as Coinbase, Bitstamp and so on. Despite this optimistic outlook surrounding crypto markets, the chances of a crash for BTC price are multiplying due to the extended nature of this bull run. Here are four reasons why a correction to $100,000 is likely in the next few days.