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Quick Take Summary is AI generated, newsroom reviewed. Ripple CEO Brad Garlinghouse highlighted XRP's ability to settle transactions in approximately 3 seconds, positioning it as a superior alternative to traditional financial networks. Garlinghouse stressed that XRP's long-term value is driven by its utility in solving a big problem, particularly streamlining cross-border payments and asset tokenization. Ripple is focusing on XRP to tokenize and transfer real-world assets like real estate, facilitating ef
Quick Take Summary is AI generated, newsroom reviewed. BitMine added 264,400 ETH, bringing total holdings to 2.42 million. Mid-August purchases spiked with 317,100 ETH, showing an aggressive accumulation strategy. Late August acquisition added 269,300 ETH, strengthening BitMine’s ETH treasury. The company now controls Ethereum worth approximately $9.72 billion in total. Chairman Tom Lee envisions Ethereum’s growth amid rising institutional adoption trends.References UPDATE: Bitmine added another 264K $ETH
Bitcoin is sliding towards a key support level as inflation rises and the Federal Reserve remains hesitant about cutting interest rates.
- 02:26A certain whale has accumulated a total profit of $80.15 million on XPL tokens in the past month.According to Jinse Finance, on-chain analyst Yu Jin has monitored that a certain whale address, which previously profited $38.77 million by manipulating XPL liquidations, has now achieved a total profit of $41.38 million on XPL tokens. Over the past month, this address has accumulated a total profit of $80.15 million on XPL tokens.
- 02:26Cozomo de' Medici deposits 1.28 million USDC into Hyperliquid to purchase XPL tokensJinse Finance reported, according to on-chain analytics platform Lookonchain, Cozomo de' Medici (@CozomoMedici) deposited 1.28 million USDC into the decentralized perpetual contract trading platform Hyperliquid and purchased 781,252 XPL tokens, with a total transaction value of approximately 1.28 million US dollars.
- 01:38This week, US Ethereum ETF net outflows hit a record high.According to ChainCatcher, this week the net outflow of funds from US spot Ethereum ETFs reached $795.6 million, setting a new historical high, with trading volume exceeding $10 billion.