The launch of the XRP ETF could accelerate mainstream adoption of digital assets, positioning Canada as a leader in crypto investment innovation. The post Purpose Investments to launch XRP ETF on June 18 appeared first on Crypto Briefing.

Purpose Investments to launch XRP ETF on June 18

The Polyhedra Network price bounced back on Monday as investors attempted to 
buy the dip after it plunged by over 87% on Sunday. Polyhedra Network (ZKJ) 
token was trading at $0.374, up 47% from its lowest point this week. This…

ZKJ crypto price pumps 20%: is this a dead cat bounce?

This content is provided by a sponsor. With the rise of cryptocurrencies, 
securing digital assets has become paramount. A crucial component in this 
process is selecting the right crypto wallet. But what exactly is a software 
crypto wallet, and how does it differ from other types? What is a crypto 
wallet? At its core, a […]

Understanding What Is a Software Crypto Wallet and Why Choose Ledger?

The suspension of these accounts could disrupt upcoming projects and impact 
investor confidence in decentralized platforms.
The post X accounts tied to Pump.fun, ElizaOS, and GMGN suspended appeared 
first on Crypto Briefing.

X accounts tied to Pump.fun, ElizaOS, and GMGN suspended

A recent analysis by a crypto market expert has reignited interest in XRP’s 
potential utility, especially in the context of Ripple capturing a portion of 
SWIFT’s global transaction volume. According to the expert, if Ripple secures 
just 14% of SWIFT’s market share, the implications for XRP’s supply and 
potential could be significant. XRP’s Potential If Ripple Takes On 14% Of 
SWIFT Market expert Crypto Eri has emphasized, through detailed mathematical 
calculations, the impact Ripple, capturing 14% of SWIFT’s total annual cross- 
border volume, could have on XRP’s supply and daily transactions. Notably, the 
market expert emphasized that if Ripple were to process such a percentage, 
which is roughly $4.2 trillion, it would require a surprisingly small portion 
of XRP’s total supply to support the transaction. Related Reading: XRP Price 
Still On Track For $1.5T Market Cap And 27% Crypto Market Dominance According 
to Crypto Eri’s calculations, the $4.2 trillion annual volume translates to 
approximately $11.5 billion in daily transaction value. To assess how much the 
altcoin would be needed to facilitate this, the analyst assumed a deliberately 
conservative scenario, with each token being used once every three minutes. 
This is significantly slower than XRP’s actual settlement capability of 3 to 5 
seconds but was chosen to reflect the potential liquidity management 
constraints in real-world applications. With 86,400 seconds in a day and each 
transaction occupying about 80 seconds, each XRP could be used for up to 480 
transactions daily. Moreover, at the current market price of $2.15, Crypto Eri 
calculated that one XRP could facilitate $1,032 worth of transactions per day. 
To process the estimated $11.5 billion in daily volume, this would need 
approximately 11.15 million XRP tokens. This figure is striking when compared 
to XRP’s circulating supply, which currently stands at around 58.82 billion 
tokens. Crypto Eri stated that just 0.0190% of this supply would be necessary 
to handle the calculated transaction volume, reinforcing the idea that XRP’s 
high velocity and reusability make it a possible efficient bridge asset. 
Overall, Crypto Eri’s Ripple-SWIFT analysis model presents a compelling case 
for XRP’s utility in the global payments space. Her calculations and 
projections have also sparked widespread engagement across the crypto 
community, with several independent researchers and members concurring with 
her assessment and contributing their data-driven models to validate the 
projections further. The Token Burn Rate Estimates For Trillion-Dollar Use 
Case As XRP’s potential utility in global finance is brought into focus by 
Crypto Eri, the market expert also offers new insight into XRP’s burn rate in 
terms of fees needed to facilitate a $5 trillion annual transaction volume. A 
crypto community member followed up on the analyst’s earlier Ripple and SWIFT 
calculations by asking how many of the token would be conservatively burned 
through transaction fees. Related Reading: Liquidity Levels Show XRP Price Is 
Headed Up, But Must Cross $2.40 First The analyst estimated that only 5,000 
XRP would be permanently burned in the process—an astonishingly small figure 
considering the massive scale of value being transferred. The estimate assumes 
an average transaction size of $10,000, which would result in roughly 500 
million transactions per year to reach the $5 trillion mark. Featured image 
from Getty Images, chart from Tradingview.com

What Are The Implications For XRP If Ripple Captures 14% Of SWIFT’s Volume?

The proposal outlines a seven-step framework that includes real-time 
regulatory oversight and updates to investor accreditation standards.