Spot XRP ETFs Outpace Market With 12-Day Inflow Streak Nearing $1B Mark

TON has gained 3.7% following the launch of the STON.fi DAO and the introduction of a Telegram-backed AI platform, Cocoon, which allows users to earn TON tokens by renting out their computing power. This development has sparked increased demand for TON in the cryptocurrency market.

XRP's price has seen a pullback this week, trading at $2.18, which reflects an 8.5% increase over the last 24 hours but a slight 0.8% decline on a weekly basis. Analyst Egrag Crypto's technical analysis indicates that despite the recent downturn, XRP remains above the key 21-EMA on the monthly chart, suggesting a potential long-term bullish trend towards $13.

S&P Global Ratings has downgraded Tether's USDT stablecoin to its lowest rating, citing increased vulnerability due to its exposure to falling Bitcoin prices and concerns over reserve management and governance issues. This downgrade has revived warnings about the potential risk of Tether de-pegging from the US dollar, as highlighted by HSBC.

Cardano's leading stakeholders have come together to propose a funding request of 70 million ADA from the Treasury, aimed at enhancing the platform's core infrastructure to stimulate on-chain growth. This initiative is seen as a strategic move to bolster the network's capabilities and support its decentralized finance ecosystem.

IREN has raised $3.6 billion in capital, prompting investors to reassess their outlook on the company as Jim Cramer advises selling. This significant capital influx comes amid a challenging cryptocurrency market environment, marked by volatility and declining asset values.

Sony's blockchain partner, Startale, has launched a dollar stablecoin on the Soneium platform, marking a significant step in integrating cryptocurrency with mainstream financial systems. This initiative aims to enhance the usability of digital currencies in everyday transactions.

Chainlink (LINK) has gained 8.9%, contributing positively to the CoinDesk 20 index, which reflects a general rise in cryptocurrency performance. This increase comes amid a backdrop of fluctuating market conditions, showcasing Chainlink's resilience in a competitive landscape.

Theo Anchor has announced the launch of the ULTRA fund, a tokenized treasury fund backed by Libeara, with an initial capital exceeding $100 million. This fund aims to provide a stable investment vehicle within the cryptocurrency space, leveraging the backing of a reputable entity to attract investors.