Ripple's RLUSD reserves have been disclosed for the first time, showing a total outstanding supply of 77,208,201 RLUSD with reserves valued at $83,214,671 as of December 31, 2024. The stablecoin maintains a 1:1 peg to the U.S. dollar with a 107.77% coverage ratio, primarily backed by: U.S. Treasury Bills: $30,095,603 Other Assets: $30,119,460 Cash Deposits: $22,978,696 Accrued Interest: $20,912 Ripple's stablecoin reserves are held in FDIC-insured bank accounts and government-backed money market funds, ensuring liquidity and transparency. Independent third-party audits will be published monthly to maintain trust and oversight. This disclosure reinforces Ripple’s claim that RLUSD is fully backed by dollar reserves, making it a secure and compliant stablecoin for institutional and retail users. Ripple CEO Brad Garlinghouse has confirmed that he held discussions with U.S. President Donald Trump about integrating XRP into the U.S. strategic digital asset reserve. Garlinghouse ...

  The debate over the formation of a U.S. national digital asset reserve has intensified, with Ripple CEO Brad Garlinghouse advocating for the inclusion of multiple cryptocurrencies instead of limiting the reserve to Bitcoin alone. His stance has sparked controversy within the crypto community, particularly among Bitcoin maximalists who argue that BTC should be the only asset in the reserve. Garlinghouse Calls for Collaboration Over Competition Brad Garlinghouse has been vocal about the need for a diversified government-backed digital asset reserve, emphasizing that the cryptocurrency industry should not be a "zero-sum game." In a recent discussion, he argued that instead of competing, different digital assets should coexist and contribute to the sector’s overall growth. “If a government digital asset reserve is created, I believe it should be diversified. It should include more than just one token, whether it’s BTC, XRP, or any other,” Garlinghouse stated. As Ripple continue...

  XRP has recently slipped below the crucial $3 mark, triggering concerns among investors and traders. This drop signals a potential shift in momentum, with analysts closely watching key support levels to assess whether the asset can rebound or face further declines. As of now, XRP is trading around $2.185, positioning itself at a critical juncture. Key Support and Resistance Levels to Watch The breakdown below $3 has transformed a significant support level into resistance. For XRP to regain its bullish stance, it must reclaim this level with substantial buying volume. Meanwhile, three major price points will likely determine its next move: $2.62 – 50-Day Moving Average This level has historically acted as support during previous corrections. A bounce here could indicate a potential reversal. However, failure to hold above this zone may result in deeper declines. $2.03 – 100-Day Moving Average This is a more substantial support level that could attract buyers looking for a stable e...

  Binance Labs Rebrands to YZi Labs Binance Labs, the venture capital arm of Binance, has officially rebranded as YZi Labs as Changpeng Zhao (CZ) shifts its focus beyond cryptocurrency. This transformation marks a new chapter for the firm as it expands its investment strategy to artificial intelligence (AI), Web3, and biotechnology while maintaining its core involvement in blockchain projects. On January 23, 2025 , YZi Labs was launched with CZ and Ella Zhang at the helm. Zhang, who previously led Binance Labs, played a pivotal role in incubating some of the biggest crypto projects, including Polygon, Injective Protocol, and Dune Analytics . Under the new structure, YZi Labs will continue to support over 250 blockchain startups while diversifying into emerging technologies. A New Vision Beyond Crypto Under its new identity , YZi Labs is no longer a direct subsidiary of Binance but rather a family office , managing an estimated $10 billion in assets for CZ and Binance co-foun...

    Massive SHIB Token Burns Ignite Excitement Shiba Inu (SHIB), the popular dog-themed cryptocurrency, has experienced an explosive surge in its burn rate, increasing by 1,014% in just 24 hours . This surge has resulted in the destruction of millions of SHIB tokens , a mechanism designed to reduce the circulating supply and potentially boost the token’s value over time. The increase in burn activity has reignited community excitement, particularly as SHIB continues its mission to transform from a meme token into a more utility-driven digital asset. According to Shibburn , a leading tracker of SHIB burns, 6,607,094 SHIB tokens were removed from circulation in the past day alone. Over the last week, a staggering 43,925,619 SHIB tokens have been permanently destroyed. These aggressive burns align with ongoing efforts to support the Shiba Inu ecosystem , which has been expanding its use cases and blockchain capabilities. SHIB Price Action: Will Burns Trigger a Rally? Despite th...

Bitcoin’s Institutional Momentum The cryptocurrency market is experiencing a significant shift as institutional investors increasingly consider Bitcoin as a hedge against economic uncertainty. BlackRock CEO Larry Fink, speaking at the World Economic Forum (WEF) in Davos , suggested that Bitcoin could reach between $500,000 and $700,000 if sovereign wealth funds and large institutional investors allocate even a small percentage of their portfolios to BTC. Fink noted that some sovereign wealth funds have begun debating whether to allocate 2% to 5% of their assets to Bitcoin. He emphasized that concerns over currency debasement, inflation, and geopolitical risks have led to greater institutional interest in Bitcoin as a global reserve asset. The Role of BlackRock in Bitcoin Adoption BlackRock has played a pivotal role in expanding Bitcoin adoption through its iShares Bitcoin Trust (IBIT) ETF . Since its launch, IBIT has attracted over $60 billion in assets , making it one of the most s...