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Ripple spot XRP ETF narrative grows as seven products reach $1.53B AUM and 773M XRP enters custody amid market weakness. Ripple has pushed XRP ETFs back into focus during a weak market cycle. The company published a blog titled “XRP ETFs: The Institutional Era Has Begun.” At the same time, market data and public filings added to the discussion. As a result, XRP ETFs Surge as Major Institutions Accumulate Through Market Weakness became a central market theme. Ripple Blog Puts XRP ETFs in Focus Ripple’s latest blog post drew attention across the crypto market. The company used the headline, “XRP…

As readers of this newsletter may be aware, Congress has spent the past few months debating market structure legislation, but crypto policy discussions encompass so many more issues than just the one: taxes, decentralized finance regulations, the midterm election, states and so much more. CoinDesk’s Consensus Miami conference next month is going to examine each of these issues in depth.You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.This newsletter has noted in the past how significant policy changes around digital assets have become. Last year…

The total value locked in one of crypto’s most trusted decentralized lending platforms is plummeting after hackers successfully attacked a third-party cross-chain staking protocol. According to LookonChain, Aave has witnessed its TVL plunge by $6.28 billion in under 48 hours after KelpDAO’s LayerZero-powered cross-chain bridge was compromised and about $292 million of its rsETH token were minted out of thin air. “Due to the KelpDAO exploiter borrowing over 82,600 ETH ($195M) from Aave using rsETH as collateral, bad debt has appeared on Aave. Many whales have withdrawn funds from Aave, causing its TVL to drop from $26.396B to $20.114B, a decline…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The price of Bitcoin saw a rise in bullish momentum over the past week, as the initially improving situation in the Middle East served as a significant catalyst. This optimism seems to have spread across the digital asset market, as fresh capital also flowed into the US-based spot Bitcoin ETFs (exchange-traded funds). According to the latest market data, the spot BTC exchange-traded products saw the addition of nearly $1 billion in value over the past trading week. This fresh capital influx reflects an uptick in investor sentiment…

XLM retests $0.179 resistance for a fourth time as price trades in a channel, with $0.22 as the next target on a breakout. Stellar Lumens (XLM) is moving toward a key price area again, and traders are watching the daily chart closely. XLM has stayed inside a clear trading channel since February, and the $0.179 level has capped each recovery attempt. Now, with a fourth test underway, market attention is turning to whether that ceiling can finally break and open the way toward $0.22. XLM Nears Key Resistance After Months Inside a Channel Since February, XLM has traded inside a…

The $292 million exploit of Kelp DAO has set off a wave of reactions across the crypto industry, with developers and traders warning that the incident exposed deeper flaws in how decentralized finance (DeFi) is built.Data shared by market participants shows the immediate fallout spread far beyond the hacked protocol.“The rsETH hack is leading to withdrawals across all lending protocols, even on solana and unaffected protocols,” 0xngmi said in one post on Sunday, pointing to steep outflows including “Aave: -6,200m (-23%) net inflows” and smaller but notable declines across Morpho, Sky and JupLend. rsETH is liquid restaking protocol Kelp DAO’s…

How many people actually look at a massive gold mine and walk away? Many folks ignore crypto news until a coin has already gone vertical. Missing out because you did not grab the next 100x crypto to buy hurts. BlockchainFX ($BFX) is officially hitting the scene as the top BFX crypto presale 2026 choice. While Dogecoin ($DOGE) price news dominates social media feeds, this new project fixes actual trading problems. It is the next 100x crypto to buy today. BlockchainFX ($BFX) Is the All in One Trading Powerhouse Heading for $15M BlockchainFX ($BFX) acts as the bridge between old school…

Stablecoins, the $300 billion class of digital dollars, may have started as a faster way to move money across the globe, but companies are now asking a different question: what can they actually do with them?That shift is driving a new phase of adoption, according to Chunda McCain, co-founder of Paxos Labs, who says the industry is moving beyond basic infrastructure toward real business use cases.”The first step was getting a stablecoin,” McCain said in an interview with CoinDesk. “The next question is: what now?”Last week, Paxos Labs underscored that direction by raising $12 million in a strategic funding round…

According to data from a recent on-chain evaluation, the Bitcoin mining sector is once again flashing warning signals, as a key industry health metric now hovers above historically critical levels. In this scenario, the Bitcoin price stands a chance to regain past grounds, but only if a specific pattern plays out. Bitcoin Miner Financial Stress Approaches Capitulation Levels Seen In Past Cycles  On Saturday, April 18th, MorenoDV put out a Quicktake post on the CryptoQuant platform, revealing an ongoing dynamic shift among Bitcoin miners. The relevant indicator here is the Miner Financial Health Index 7D-SMA metric, which tracks the short-term…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin mining firm NYDIG already has skin in the game at the Massena, New York site — it holds a stake in Coinmint, which runs mining hardware there under a long-term lease. Now the company wants the land itself. A Deal Years In The Making Alcoa’s Massena East smelter went dark in 2014 after energy costs climbed and overseas competition cut into margins. The sprawling facility along the St. Lawrence River has sat idle ever since. Based on reports, Alcoa CEO Bill Oplinger told Bloomberg the two…