The closure exacerbates global oil market volatility, potentially driving 
prices up and impacting economic stability and energy security worldwide.
The post Iran conflict closes Strait of Hormuz, cutting oil supply by 12.8M 
bpd appeared first on Crypto Briefing.

Iran conflict closes Strait of Hormuz, cutting oil supply by 12.8M bpd

XRP&#8217;s futures open interest has climbed 23% so far in May, a sign that traders 
are betting bigger on the token even as its price trades roughly 6% below a 
recent high of $1.50. At $1.46 at the time of writing, XRP is down just nearly 
a percent in the last 24 hours — yet the money flowing into XRP investment 
products tells a different story. Related Reading: Strategy Boosts Bitcoin 
Position With Fresh $206M STRC Injection Institutional Appetite Keeps Growing 
Spot XRP exchange-traded funds recorded close to $26 million in inflows on 
Monday alone, the largest single-day figure since January 5. That pushed 
cumulative net inflows into a new all-time high of $1.35 billion, with total 
assets under management across spot XRP ETFs now sitting at $1.18 billion. The 
streak covers five straight days of net inflows. Broader XRP exchange-traded 
products — a category that includes ETFs and similar investment vehicles — 
pulled in nearly $40 million during the week ending May 8, according to data 
from CoinShares. Year-to-date net inflows for that group now stand at $191 
million, bringing total AUM to over $2.5 billion. CoinShares head of research 
James Butterfill described the pace as a &#8220;notable acceleration,&#8221; attributing 
part of the momentum to developments around the US CLARITY Act, including a 
compromise proposal on stablecoin yields released on May 1. Charts Point 
Toward A Possible Breakout On-chain data is also shifting. XRP&#8217;s 90-day spot 
taker cumulative volume delta has flipped positive, a signal that buying 
pressure in the spot market is picking up. Social media sentiment around XRP 
recently hit a two-year high, adding another layer to the bullish picture 
forming around the token. Several analysts say the price chart supports 
further gains. One points to XRP bouncing off a multi-month ascending support 
line, setting up what could be a move toward $1.80. A golden cross on the 
weekly MACD — a widely watched technical indicator — has been cited as 
reinforcing that outlook. A more aggressive forecast puts XRP on a path toward 
$10, drawing comparisons to the token&#8217;s Q4 2024 rally after it broke out of a 
prolonged accumulation range between $1 and $1.30. Price And Open Interest 
Signal Momentum XRP is up 2.3% in the last week. Futures open interest rising 
alongside price is generally read as fresh money entering the market rather 
than short covering — a distinction traders watch closely when assessing 
whether a move has staying power. Related Reading: Shiba Inu Bullish Momentum 
Explodes As Buying Pressure Intensifies Data shows XRP ETFs logged their 
biggest daily inflow in more than four months this week. Whether institutional 
demand at this scale translates into a sustained price recovery remains to be 
seen, but the numbers behind the current move are drawing serious attention. 
Featured image from TopMicrobialStock/Shutterstock.com, chart from TradingView

XRP Bulls Gain Momentum As ETF Inflows Reach Multi-Month High

A member of the European Central Bank Governing Council has indicated that the 
upcoming June meeting will determine whether interest rates are raised or left 
unchanged, underscoring growing uncertainty over the next phase of eurozone 
monetary policy. According to Kocher,…

ECB signals June policy showdown as markets weigh rate hike vs hold scenario

Increased scrutiny on crypto transactions may lead to tighter regulations, 
impacting financial institutions&#8217; compliance and operational costs.
The post US government alerts banks to IRGC sanctions evasion tactics 
involving crypto infrastructure appeared first on Crypto Briefing.

US government alerts banks to IRGC sanctions evasion tactics involving crypto infrastructure

HIP-4&#8217;s unified collateral model enhances capital efficiency but increases 
systemic risk, challenging traditional exchanges and prediction markets.
The post Hyperliquid&#8217;s HIP-4 upgrade enables $400K notional with $50K 
collateral across markets appeared first on Crypto Briefing.

Hyperliquid’s HIP-4 upgrade enables $400K notional with $50K collateral across markets

The delay in suspending beef import tariffs highlights the tension between 
consumer prices and protecting domestic agriculture, impacting market 
dynamics.
The post Trump delays plan to suspend tariffs on imported beef as ranchers 
push back appeared first on Crypto Briefing.

Iran conflict closes Strait of Hormuz, cutting oil supply by 12.8M bpd

Comments