XRP Clears Resistance Channel With Traders Eyeing $2.33-$2.40 Zone

MoneyGram has partnered with Fireblocks to enhance its global payment systems by integrating stablecoins, aiming to improve transaction speed, reliability, and cost-effectiveness. This collaboration marks a significant step in modernizing MoneyGram's payment infrastructure.

The CoinDesk 20 index has reported a decline, with Hedera's native token HBAR falling by 3.9%. This downturn reflects a broader negative trend in the cryptocurrency market, where most assets are experiencing losses. The index's performance indicates ongoing volatility and investor caution in the crypto space.

XRP exchange-traded funds (ETFs) have extended their record inflow streak to 13 consecutive days, approaching the $1 billion milestone, reflecting a significant surge in institutional interest in the cryptocurrency. This trend indicates a growing confidence among investors in XRP's market potential.

Solmate has announced its intention to acquire RockawayX in an all-stock deal, aiming to create a $2 billion powerhouse within the Solana ecosystem. This strategic move is expected to enhance Solmate's capabilities and market position within the rapidly evolving cryptocurrency landscape.

Bitcoin has successfully reclaimed the $93,000 mark, continuing its relief rally that began earlier in the week. This recovery follows a sharp selloff in the cryptocurrency market, where Bitcoin had previously dipped below $90,000. Analysts express cautious optimism, noting that this uptick may indicate a shift in market sentiment after a prolonged bearish phase.

The cryptocurrency market is currently focused on Ether, with significant trading activity noted in Ether options, particularly $6,500 strike bets dominating the open interest on Deribit. This surge in interest reflects traders positioning themselves amid ongoing market volatility.

XRP exchange-traded funds (ETFs) have seen a significant increase in holdings, reaching $915 million following new purchases, indicating a growing institutional interest in diversifying cryptocurrency investments beyond Bitcoin and Ethereum.

Malaysia has established an air and ground task force aimed at shutting down 14,000 Bitcoin (BTC) mining rigs, as reported by Bloomberg. This initiative reflects the government's ongoing efforts to regulate cryptocurrency mining activities within the country.