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Record user activity and a collapse in whale selling should send XRP soaring, so why is it still pinned at $1?

XRP is back near $1 even as network activity rebounds, whale deposits to Binance collapse, and derivatives exposure builds near recent lows. The token fell to about $0.98 this week before recovering toward $1, according to CryptoSlate data, extending a retreat that has erased much of its May rally. Crowd commentary around XRP simultaneously reached […]

CryptoSlateCryptoSlateOluwapelumi Adejumo16 Aug

Trump-linked World Liberty Financial wins OCC bank approval as $112 million DeFi position sits near liquidation

The Office of the Comptroller of the Currency (OCC) gave World Liberty Financial, a DeFi venture associated with President Donald Trump, preliminary conditional approval to charter a national trust bank built around its roughly $4 billion USD1 stablecoin. World Liberty Trust Company would eventually handle USD1 issuance and reserve custody directly, moving both under federal […]

CryptoSlateCryptoSlateGino Matos16 Aug

Bitcoin erased $118 million from Abu Dhabi’s ETF holdings, but its sovereign funds kept every share

Two Abu Dhabi sovereign investors kept their BlackRock Bitcoin ETF holdings unchanged through the second quarter, retaining $764 million of exposure even as the cryptocurrency remained mired in one of its steepest annual declines. Mubadala Investment Company and the Abu Dhabi Investment Council held a combined 22.94 million shares of BlackRock’s iShares Bitcoin Trust ETF […]

CryptoSlateCryptoSlateOluwapelumi Adejumo15 Aug