Investment-grade credit ratings now position Ripple Prime among credible 
institutional brokerage players, as surging assets, strengthening 
profitability, and rising demand underscore its expanding role across digital 
and traditional financial markets. Ripple Prime Earns Investment Grade Rating 
Amid Rapid Growth Ripple announced on April 2 that Ripple Prime has received 
investment-grade credit ratings, highlighting the platform’s […]

Ripple Prime Secures Investment-Grade Credit Rating Backed by $39B Assets

The StakeStone (STO) price has surged by over 500% in the past week, drawing 
attention to the token’s ecosystem. The altcoin’s rally comes ahead of a 
significant token unlock, which could put selling pressure on the token and 
drive its price down. Why The StakeStone (STO) Price Is Surging The StakeStone 
(STO) price has surged by over 500% in the last week amid bullish fundamentals 
in its ecosystem, as noted by market analyst Neel. One of these developments 
includes StakeStone’s launch of version 2.0 of its protocol earlier this year. 
The staking protocol version enables gasless transactions, social login, and 
AI-powered yield optimization across 20 blockchains. Related Reading: Greatest 
Wealth Transfer Is about To Happen For Altcoins, Analyst Warns Neel further 
mentioned that the StakeStone (STO) price has surged because of the protocol’s 
partnership with Trump’s World Liberty to provide cross-chain liquidity 
infrastructure for the USD1 stablecoin. This represents a huge positive for 
the token’s ecosystem as USD1 has a circulating supply of $4.3 billion. 
StakeStone will act as a liquidity rail that moves the stablecoin across 
different networks. Neel pointed out that another reason why the StakeStone 
(STO) price is surging is that the liquid staking and yield narrative is 
gaining momentum again this year. As such, smart money is rotating into this 
sector and investing in altcoins like STO. On-chain analytics platform 
Lookonchain drew attention to a fresh wallet that withdrew 25.5 million STO, 
11.32% of the circulating supply, from Binance earlier this week. Activity in 
the futures market is also driving the StakeStone (STO) price surge. CoinGlass 
data show that top traders on Binance are currently bullish on StakeStone, 
with the traders&#8217; long/short ratio above 1. The altcoin’s derivative volume 
has surged by over 500% to $3.44 billion, while open interest has climbed by 
almost 300% to $332 million. Price At Risk Of A Decline With Upcoming Unlock 
The StakeStone (STO) price is at risk of significant selling pressure due to 
an upcoming token unlock. Cryptorank data shows that 20.17 million STO tokens, 
2.02% of the total supply, will be unlocked tomorrow. At current prices, these 
tokens are worth $18.22 million and represent 8.95% of the altcoin’s market 
cap. Meanwhile, it is worth noting that almost 70% of the token’s supply is 
yet to be unlocked. Related Reading: Signal That Led To Last 2 Altcoin Seasons 
Has Returned, And Here’s How Bitcoin Fits In Most of the tokens that will be 
unlocked tomorrow will go to investors, while the Foundation and Team also 
have some allocation from tomorrow’s unlock. Crypto analyst Anti-Moon opined 
that the team and investors were likely pushing the StakeStone (STO) price up 
since they will want to sell the altcoin at higher prices. At the time of 
writing, the StakeStone price is trading at around $0.8465, up over 285% in 
the last 24 hours, according to data from CoinMarketCap. Featured image from 
Getty Images, chart from Tradingview.com

StakeStone (STO) Price Surges Over 500% In One Week, What’s Driving This Altcoin?

French stock exchange Lise is preparing to list aerospace components supplier 
ST Group in what is expected to be Europe’s first fully on-chain initial 
public offering, according to a report from CoinDesk. The listing on the 
Paris-based venue would mark…

Lise plans Europe’s first fully on-chain IPO for French aerospace supplier

Gulf states&#8217; diplomatic efforts with Iran could stabilize the region, reducing 
regime collapse risks and influencing ceasefire prospects.
The post Gulf countries push for normal relations with Iran appeared first on 
Crypto Briefing.

Gulf countries push for normal relations with Iran

Diplomatic efforts in the Strait of Hormuz may signal potential de-escalation, 
impacting market expectations for a US-Iran ceasefire.
The post Trump to pay DHS employees; Iran drafts hormuz protocol with Oman 
appeared first on Crypto Briefing.

Cryptocurrency price in GBP