TL;DR The Solana-based ridesharing app shuts down due to the market's lack of readiness for a decentralized model. Despite lower fees and an innovative structure, the app failed to attract the necessary number of users and drivers.

Purpose Investments filed a preliminary prospectus with Canadian regulators for the proposed launch of the Purpose Ripple (XRP) ETF.

The cryptocurrency market today has been showing strength as blue chip coins, namely Bitcoin, Ethereum, and XRP navigate through bullish zones. Talking about a quick January recap, while Bitcoin and XRP witnessed decent gains, Ethereum remained relatively stable, hinting at potential trend shifts in the coming weeks.

Ripple's RLUSD joins AMM pools, expanding liquidity and trading opportunities, marking a significant step for the crypto ecosystem.

Ripple versus the US Securities and Exchange Commission is one of the longest-running battles in the crypto space. The situation has brought a lot of uncertainty for XRP holders and investors.

Ripple's RLUSD stablecoin has surpassed a $100 million market cap in just over a month, with the company emphasizing its over-reserved status and plans for broader adoption.

Austin King, co-founder of Omni Network (OMNI), recently shared insights into XRP's strategic positioning and its ability to process over $434 billion in transactions daily, highlighting its early commitment to the ISO 20022 messaging standard. King believes this commitment was instrumental in Ripple's ability to align XRP with traditional financial systems, offering a competitive edge in the evolving financial landscape.

Veteran trader Peter Brandt has spotted a bullish pattern in XRP's price chart, and it could mean big gains ahead. With recent gains in the XRP price, the XRP community has been fueled with excitement. If the pattern plays out as predicted, XRP could skyrocket to as high as $4.8.

Ethereum (ETH) is making its bid to break the shackles of the last six weeks of downtrend. Ripple (XRP) is in prime position to follow.

The potential launch of a spot XRP ETF could significantly enhance institutional access to digital assets, fostering broader market adoption. The post Purpose Investments seeks approval to launch world's first spot XRP ETF appeared first on Crypto Briefing.

Clawback refers to tokens that have a feature allowing the issuer to reclaim coins from user wallets under certain conditions.

In a poignant acknowledgement of market challenges, Teleport, the ridesharing app built on the Solana blockchain, has announced its closure. The company shared the announcement via its official website and X account, marking the end of an ambitious venture to integrate decentralized technologies into the everyday transport sector.

Errol Musk wants to use the coin to raise $200 million for a think tank—without his son's involvement.

Two cryptos could 10x your portfolio by May. XRP ETF speculation fuels Ripple's rise, while an AI blockchain platform disrupts the $347B trading market.

XRP Ledger AMMClawback upgrade allows AMMs to participate in liquidity pools, while maintaining regulatory compliance.

The AMMClawback amendment recently went live on the XRP Ledger, allowing the use of Ripple stablecoin RLUSD on the DEX.

Recently the news of ETFs is getting common with Dogecoin ETF, Solana ETF, and newly launched memecoin ETFs the market is getting pumped up with these latest ETF mania. Despite the Ripple vs SEC legal scoop, XRP's path to ETFs is gaining momentum as Polymarket bettors assign an 83% chance of approval by 2025.

TL;DR Apollo and Securitize have launched a tokenized private credit fund, ACRED, providing institutional and accredited investors with access to Apollo's diversified global credit strategy. The fund operates on multiple blockchain networks, including Solana, Ethereum, and Avalanche, leveraging Wormhole's interoperability.

Pro-XRP advocate John Deaton is calling for the indictment of Sam Bankman-Fried's parents following reports that they are lobbying for a pardon for their son from former President Donald Trump. Deaton insists that Joseph Bankman and Barbara Fried, the parents of the disgraced FTX co-founder, took customer funds swindled from the crypto exchange.

Dive into a comprehensive technical analysis of Solana , examining critical price levels, market momentum, and ecosystem growth metrics as the asset consolidates near $237.

TL;DR Grayscale Investments has submitted a proposal to the U.S. SEC to convert its existing XRP Trust into an ETF, aiming to provide regulated exposure to XRP. The proposed Grayscale XRP ETF would simplify access to the cryptocurrency market, offering liquidity, transparency, and regulation.

Grayscale files to convert its XRP Trust into a spot ETF with NYSE. The Trust manages $16.1 million in XRP assets, tracking XRP's market price.

The XRP Ledger has activated the AMMClawback amendment. What this amendment does is that it allows issuers to recover tokens even after they are sent. Importantly, this update enables the stablecoin of Ripple, RLUSD, to be used in AMM pools. Here is how this change impacts the XRP ecosystem.

Grayscale's recent XRP ETF filing with the NYSE has triggered a wave of speculation in the crypto community. With multiple asset managers entering the ETF race for Ripple's native crypto, many are now eyeing BlackRock as the next potential player to follow suit.

Polymarket users predict an 82% chance that an XRP ETF will be approved in 2025. The chance had peaked at 89% when US President Trump entered the White House on January 20.

XRP has remained in a consolidation phase for the past two weeks, preventing it from establishing a new all-time high (ATH).

Coinbase, one of the leading cryptocurrency exchanges, has taken a significant step towards expanding its derivatives offerings by filing for self-certification to list Solana (SOL) futures contracts. This filing with the US Commodity Futures Trading Commission (CFTC) aims to introduce Solana futures contracts on Coinbase Derivatives, the company's subsidiary focused on futures trading.

The cryptocurrency market continues to show volatility, with meme coins experiencing significant price fluctuations. Dogecoin (DOGE) has seen a minor recovery after reaching a 2025 low earlier in the week, while several Solana-based meme coins have experienced substantial gains. This contrast highlights the shifting dynamics within the meme coin sector.

XRP maintains position above $3.050 while forming a bullish flag pattern, with technical indicators suggesting potential for upward movement pending breakthrough of $3.150 resistance.

In a recently published tweet, David Schwartz, the chief technology officer (CTO) at Ripple has highlighted the release of the AMMClawback Amendment on the XRPL mainnet. Retweeting a post by XRPscan about this launch, Schwartz commented: “Woohoo!

Grayscale Investments has filed to convert its $16 million XRP Trust into an NYSE-listed ETF, joining five other firms awaiting approval amid rising trading volumes and potential government interest in the digital asset.

The crypto market slipped back into the red, with most cryptocurrencies trading lower. Bitcoin (BTC) is down nearly 1% over the past 24 hours, trading around $104,360.

When comparing the outcome of investing in the primary token of a major blockchain like Solana (SOL -2.39%) or investing in a silly meme coin like Shiba Inu (SHIB -0.32%), the results are often surprising. And for some investors, they might even be frustrating.

Anthony Georgiades, founder and general partner at Innovating Capital, discussed concerns surrounding Ripple and its native token, XRP, particularly regarding the centralized aspects of the XRP Ledger. In an interview with Yahoo Finance, he explained that XRP operates on a decentralized ledger, but in practice, Ripple Labs holds major control over it.

Solana's stablecoin supply has surged by 73% in just 15 days, driven by the launch of TRUMP and MELANIA meme coins.

XRP price remains volatile, holding above $3 as the crypto market trades sideways. As Ripple (XRP) consolidates, analysts note similarities between the current price action and the 2017 rally.

XRPL activates AMMClawback, allowing token issuers to reclaim assets in cases of fraud, misuse, or legal enforcement.

Coinbase Derivatives has filed with the US Commodity Futures Trading Commission (CFTC) to list futures contracts for Solana (SOL) and Hedera (HBAR).

Grayscale Investments has submitted a proposal to the SEC to convert its XRP Trust into an ETF.

XRP has been on a strong run, breaking past key price levels and catching the attention of investors. But can it push even higher and hit $5.

Coinbase has filed for self-certification to list Solana futures contracts on its subsidiary platform, Coinbase Derivatives. The Solana futures market is set to introduce contracts where the standard size is 100 SOL, equating to a value today of $23,700.

XRP is exhibiting signs of weakness, and it appears more likely that it will fall below $3.00. After weeks of consolidation, the asset is finding it difficult to maintain its position, and the current price action indicates that sellers may soon seize control.

This week, we examine Ethereum, Ripple, Cardano, Binance Coin, and Solana in greater detail. Ethereum (ETH) Ethereum could not hold above $3,300, and its price fell by 4% this week.

XRP saw a 50% surge in January, outpacing Bitcoin's 13% gain and Ethereum's 4% drop.

XRP's price has remained unfazed by the developments.

The AMMClawback amendment has officially gone live on the XRP Ledger, according to XRPScan.

The ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has fueled widespread speculation about a potential settlement. Recent developments suggest that the resolution of this case could be closer than expected, with some pointing to key signs indicating a possible outcome.