
XRP’s next rally could put this 115 million-token short under pressure
Leveraged funds doubled their net short even as CME open interest climbed almost 40% and XRP recovered from $1.
Track TradFi and crypto news, including banks, brokers, asset managers, and the convergence of legacy finance with digital assets.

Bitcoin funds lost $201.9 million Friday while rival crypto ETFs still attracted fresh capital.

The firm can authorize up to 10 billion shares, but its pitch to investors rests on growing XRP faster than its diluted share count.

The protocol is moving into equity perpetual basis trades as it tries to rebuild USDe and reach the $7.5 billion threshold for ENA buybacks.

The visible docket labels identify no major crypto exchange, asset manager, large token issuer, or established investor group.

A sharp drop in conversion minimums is bringing institutional Bitcoin custody within reach of a broader class of investors.

ETF money surged into hard assets as US debt topped $40 trillion and Wall Street revived the debasement trade.



