Over the last hour, approximately $132 million in futures positions were liquidated, with $419 million liquidated in the past 24 hours, underscoring heightened volatility and shifting risk sentiment across crypto markets. Bitcoin activity remains active, but spot trading volume has fallen to its lowest level since November 2023.
Whale Alert reported a transfer of 300 million XRP from a Ripple address to an anonymous wallet. About 250 million USDC were minted from the USDC Treasury address. The Tai, a data platform, reportedly acquired staking service provider Stakin, according to The Block. Vitalik Buterin stated that Ethereum is Linux, not Google.
Notable market developments include JPMorgan noting that Bitcoin network hash rate declined for the second consecutive month as of December last year. XRP has risen as a candidate for digital euro infrastructure, while XRP exchange holdings fell sharply, impacting ETF liquidity. An XRP-based ETF product was launched, drawing attention to ETF demand. XRP breached $2 for the first time in seven years, with talk of a potential move toward $5 driven by ETF and tech-led rebounds.
As authorities watch, XRP nears $3.30 amid ongoing institutional capital inflows. In a separate note, one-hour BTC short positions were liquidated by about $110 million, underscoring ongoing volatility. StarkNet recovered from a four-hour outage following a major upgrade, marking its second outage since the upgrade.
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