After the latest CPI data revealed that inflation picked up in January, following a trend of higher rates over the past three months, the overall market mood has soured. However, the price of BNB (Binance coin) is still rising, maintaining its upward trend despite increasing bearish pressure. Additionally, it has recently flipped Solana's market cap.
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TL;DR Franklin Templeton has integrated its FOBXX fund into Solana to leverage its speed and security, expanding its availability beyond networks like Ethereum, Base, and Polygon. The fund maintains a stable $1 per share price and is backed 99.5% by U.S. government securities, cash, and repurchase agreements.
Franklin Templeton, a leading trillion-dollar asset management firm, has expanded its offerings by launching a tokenized version of its US government money fund on the Solana blockchain.
XRP price could drop to $1.60 if the bearish indicators seen on the altcoin's daily chart are confirmed.
Franklin Templeton has officially expanded its tokenized money market fund to Solana. The asset manager, whose crypto traction includes the launch of spot Bitcoin and Ethereum exchange-traded funds, now offers its Franklin OnChain U.S. Government fund on Solana (SOL).
Solana (SOL), the fifth largest digital asset by market cap, has once again slipped below the crucial $200 mark as the broader cryptocurrency market remains in the red. The pullback comes amid a general market drop, with major cryptocurrencies struggling to maintain recent gains.
The move comes after Securitize linked to Solana to bring tokenized real-world assets to the network.
Not much has been happening on the cryptocurrency market lately. So "not much" that speculation is becoming abnormal and creating patterns that rarely appear on the price charts of our beloved digital assets.
The Trump memecoin hit a high of approximately $79 one day after launching — causing widespread congestion issues across crypto platforms.
The Franklin OnChain U.S. Government Money Fund has integrated with the Solana blockchain, adding to its existing presence on multiple networks.
The cryptocurrency market is bracing for a potential breakthrough as speculation builds over the US Securities and Exchange Commission's approval of XRP ETFs. Though the SEC's next move is unclear, experts believe that a major announcement is imminent.
Ripple's chief technology officer and co-creator of XRPL David Schwartz has taken part in Ripple's series of educational videos called “Crypto in a minute.”
In this ongoing market uncertainty, XRP, the native token of Ripple Labs, appears to be consolidating within a tight range between $2.31 and $2.53 over the past few days. This consolidation serves as a crucial support level, reinforced by XRP's ascending trendline since late November 2024.
The SEC's decision on Grayscale's XRP ETF could significantly impact the regulatory landscape and future of crypto asset classifications. The post SEC may acknowledge Grayscale XRP ETF filing as early as tomorrow appeared first on Crypto Briefing.
In an X post, Franklin Templeton announced that its Franklin OnChain US Government Money Fund (FOBXX) is now live on the Solana network. The asset manager highlighted Solana's speed, security, and censorship-resistance, promoting global adoption through its open infrastructure.
FOBXX, which invests in U.S. government debt, launched on Stellar and trades on Coinbase's Base, Aptos and Avalanche as well as Sui.
Solana (SOL) is navigating significant volatility, mirroring broader corrections, currently trading at $191 at the press time.
Metaplex (MPLX), a decentralized platform on Solana, is attracting attention after surging 2,100% in two months. The altcoin, trading near $0.29 support, shows bullish momentum with rising volume and positive market sentiment.
Trillion-dollar asset manager Franklin Templeton has launched its tokenized money fund on the Solana network, just a day after filing for a Solana Trust. This development provides a bullish outlook for the Solana price, which is currently struggling to stay above $200.
The market bounce back has not lasted long, and most of the coins are back to the red zone, according to CoinStats.
With Bitcoin‘s (CRYPTO: BTC) price struggling and U.S. inflation data exceeding expectations, market analysts recommend that crypto investors holding long positions prioritize downside protection and closely monitor institutional flows. After hotter-than-expected inflation data was released, Bitcoin experienced a 2% decline to levels below $95,000, highlighting the ongoing volatility and uncertainty within the cryptocurrency market.
The crypto market was down in the early Wednesday session, apparently in response to recent remarks by Federal Reserve Chair Jerome Powell. The majority of crypto assets, including Bitcoin, XRP and Shiba Inu, are posting losses on the day as Fed Chair Jerome Powell sparked caution across the markets with his recent statement.
Despite its very impressive launch, the TRUMP token has since struggled in the crypto market. Prices have fallen over 79% from their January 19 peak.
Due to its unique characteristics, Rexas Finance (RXS) is emerging as a leading altcoin. Many experts and analysts believe it has the potential to challenge Cardano (ADA) and Ripple (XRP) in market traction. A disruptive force in asset tokenization, Rexas Finance has introduced innovative utility features and secured institutional interest.
After years of turmoil driven primarily by the pressure from the legal battle between Ripple Labs and the Securities and Exchange Commission (SEC), things started looking up once XRP gained legal clarity that it was not a security.
XRP Ledger hits 2,000+ transactions per ledger, driving adoption. Can XRP hit $5? Explore the latest price forecast and discover the best wallet for crypto staking. The post Will XRP Explode to $5? XRPL Sees Record Transaction Growth in Bullish Sign appeared first on Cryptonews.
Bitcoin and other altcoin prices traded lower on Wednesday after the U.S. released hotter-than-expected consumer inflation data. Bitcoin (BTC) fell by 3%, while other popular altcoins saw steeper declines.
Cardano price has emerged as the talk of the crypto town lately, sparking investor optimism despite the recent broader market downturn. Primarily against the backdrop of an ADA ETF buzz and strong on-chain technicals, the coin garners noteworthy bullishness across the crypto landscape.
The U.S. Securities and Exchange Commission is expected to acknowledge Grayscale Investments' application to convert its XRP Trust into a spot exchange-traded fund as early as Thursday, Feb. 13.
The lawsuit between Ripple Labs and the Securities and Exchange Commission (SEC) may be poised for a significant turning point under the agency's new leadership. With Donald Trump once again occupying the White House, Paul Atkins has been nominated as the new SEC Chairman, succeeding Gary Gensler.
Cardano's bullish momentum hinges on overcoming resistance and maintaining investor sentiment.
XRP price has been accumulating in a tight range between $2.25 and $2.54 for the past five days, and a break outside it could be due.
The XRP Army didn't take recent comments from Eric Yakes, the author of The 7th Property: Bitcoin and the Monetary Revolution, very kindly.
XRP's short-term moving average just crossed the 50-day EMA, which could be an important signal of short-term downward volatility. Such crossover has implications for the asset's trajectory in the near term, even though it is not on a par with the 50-day EMA cross.
MoonPay, the exclusive onramp to Moonshot, said it onboarded 750,000 new customers following the memecoin launch.
XRP currently hovers at $2.42, boasting a $139 billion market valuation and $3.9 billion in daily trading activity, with its price oscillating between $2.38 and $2.50. This narrow band mirrors a phase of equilibrium as bearish undertones temper upward ambitions. XRP On the hourly chart, a tentative rebound emerges: XRP climbed from $2.31 to $2.
Ripple's XRP started February 2025 with a bearish outlook, following a significant crash fuelled by Donald Trump's imposed tariffs. Finbold then looked into XRP historical returns and price patterns to forecast a potential target for February 28, moving forward.
Solana has struggled to breach the critical $201 resistance level, falling below it a week ago. Despite favorable market conditions that could support a recovery, the lack of investor confidence remains a significant concern.
Bitcoin and Ripple are showing signs of a potential breakout. Discover how state-level crypto adoption, ETF developments, and new partnerships are shaping the future of these two giants.
The ETF on XRP by Grayscale could receive approval as early as Thursday this week.
The XRP price has suffered a harsh reversal this month, moving into a bear market after falling by almost 30% from its highest level in January. Ripple (XRP) token crashed to a low of $2.
The SEC's delay in decisions, combined with leadership shifts, has led to speculation about the agency's strategy and its impact on Ripple's case and XRP price.
XRP's expansion into Brazil and Portugal is fueling speculation about its price movement, as institutional backing and global adoption continue to grow. Ripple's partnership with Unicâmbio is set to enhance cross-border payments, reducing transaction costs and increasing speed.
XRP price has continued to retrace again, falling to $2.4 from its one-day high of $2.51. Notably, the recent recovery has fueled hopes among investors towards a potential surge to $3 but the recent retreat amid a broader crypto market downturn has dampened the market sentiment.
Financial markets have been soaring since November's elections. The S&P 500 stock market index is up by 5% from election day to February 10.
Cardano (ADA) has experienced both highs and lows. Following an extended break, Cardano price hit $1 once more in November 2024, representing a notable rebound from its prior high in February 2021.
With the recent upsurge in the crypto market, a top analyst called Eilert says the ADA price could rise to $4. Meanwhile, smart investors are turning to a new AI coin called IntelMarkets. Soaring on the massive interest in AI technology, the price of IntelMarkets (INTL) has risen by 810% in the past few months.