The investment giant told the regulator&#8217;s crypto task force it supports 
trading tokenized securities on alternative trading systems and tradfi on- 
chain integration.

Fidelity urges SEC to move further on crypto activity by broker-dealers

Iran’s grip on the Strait of Hormuz is tightening, and a new wrinkle has 
emerged: reports suggest Tehran is allowing yuan-based conditions for oil 
shipments seeking safe passage. Reports of Yuan Oil Payments to Iran Are 
Surfacing After President Donald Trump warned that Iran’s power plants could 
be “obliterated” if the Strait of Hormuz is […]

Iran’s Control of Hormuz Spurs Yuan Oil Payment Shift as Markets React

After a poor performance in the first two months of the year, the XRP price 
appears to have steadied its movement, rousing the hopes of relief among 
investors. However, the latest on-chain analysis suggests that the altcoin 
might not have hit its true local price bottom yet. Number Of Days Spent At A 
Profit Still Quite Low — Analyst In a recent post on the social media platform 
X, on-chain analyst Joao Wedson offered insights into the XRP market, saying 
the cryptocurrency is yet to enter the early phases of a price rebound, 
contrary to popular expectations. This on-chain hypothesis is based on data 
from the Number of Days Spent At A Profit metric. For context, this metric 
indicates how long current XRP holders have been in profit, relative to past 
price levels. As the name suggests, the indicator measures how many days have 
passed since XRP was last at a higher price. Related Reading: Solana Flashing 
Mixed Signals: $105 Breakout Or Double-Pair Collapse Ahead? According to 
Wedson, this metric has historically reached extreme levels at periods when 
the Number of Days At A Profit climbed to high levels. Notably, the case is 
quite different from the usual historical context, as the XRP price still 
trades significantly below these ‘hallmark’ zones. The market expert explained 
that this historical context suggests that the XRP price could see more 
downside movement in the near to mid-term. Furthermore, the analyst pointed 
out that this is the major prerequisite for the formation of historical 
patterns, which in turn precedes the formation of previous bottoms. XRP Ledger 
Records Expansion Across Multiple Wallet Sizes At the same time, blockchain 
analytics firm Santiment revealed that there has recently been a considerable 
amount of growth recorded in the XRP Ledger. Interestingly, much of this 
expansion is driven by a considerable increase in the number of small wallets 
holding XRP. The most notable growth has been from a cohort of investors 
typically referred to as ‘shrimps’ (with less than 100 XRP in their wallets). 
According to Santiment, these shrimp-wallets have added up to a total of about 
5.66 million separate addresses, hence reflecting the widespread adoption of 
XRP by retailers and everyday users. Related Reading: Crypto Adoption No 
Longer Optional, Survey Finds As 72% Of Finance Leaders Signal Commitment At 
the same time, wallets containing between 100 and 100,000 XRP have also 
expanded in number, reaching an approximated amount of 2.01 million wallets. 
Because this group represents a mid-tier level of investors who make up a 
significant part of the network, this could mean that the XRP market has seen 
an inflow of more serious accumulators. While the amount of small wallets have 
displayed impressive expansions, the number of large-holder wallets have 
comparatively only recorded miniscule growth. Santiment revealed that these 
wallets with more than 100,000 XRP are capped at around 32,054. From this, it 
appears that this investor group has been involved mostly in distributions or 
repositioning events. With little influence from the whales driving XRP 
prices, it becomes more apparent that a local bottom may still be at lower 
prices. As of this writing, the XRP price stands at approximately $1.44, 
reflecting a 0.4% loss in the past day. Featured image by DALL-E, chart from 
TradingView

On-Chain Data Shows XRP Price Bottom Might Be Further Below — Here’s Why

CoinDCX co-founders Sumit Gupta and Neeraj Khandelwal were reportedly drawn 
into a police investigation in India over the weekend tied to an alleged 
cryptocurrency-related fraud case, with conflicting reports on whether the 
pair were formally arrested or questioned. CoinDCX Calls FIR ‘False’ as 
Founders Face Scrutiny in India Crypto Fraud Case Several reports note that 
[…]

CoinDCX Denies Any Link to Fraud as Founders Cited in India Investigation

Crypto opened the doors to retail now Wall Street is feasting on it Retail 
investors were sold a story about market access that was impossible to argue 
with: trading would be cheaper, information would be easier to find, public 
blockchains would pull back the curtain, and the old hierarchy that once 
defined finance would lose […]
The post Retail was promised fair markets. So why does the house keep winning? 
appeared first on CryptoSlate.

Cryptocurrency price in USD