News
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Ripple CTO drops RLUSD bombshell, “Don’t FOMO into this stablecoin”
David Schwartz, Ripple’s CTO, issued a warning regarding potential price volatility for RLUSD, a new USD-pegged stablecoin. This comes in when the RLUSD is heading toward its market debut while Ripple Labs gains regulatory clarity in the United States. Bullish sentiments emerging from investors for Ripple can be seen in the recent XRP price action. […]Cryptopolitan
Mon, Dec 16
Justin Sun moves to withdraw $209 million in Ethereum from Lido Finance – Will ETH markets tank?
Justin Sun recently withdrew 52,905 ETH from Lido Finance, an amount valued at approximately $209 million. This withdrawal adds to his earlier transactions in Ethereum, and there’s speculation that his activity could potentially impact the ETH market. According to blockchain analytics firm Spot On Chain, Sun amassed 392,474 ETH across three wallets for an estimated […]Cryptopolitan
Mon, Dec 16
FASB adopts new standard for the accounting and disclosure of crypto assets
The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) to address the accounting for and disclosure of crypto assets. The ASU’s amendments improved the accounting for certain crypto assets by requiring entities to measure them at fair value and recognize fair value changes in net income each reporting period.Cryptopolitan
Mon, Dec 16
Trump’s crypto project World Liberty Financial buys ONDO tokens worth $250,000
World Liberty Financial, a DeFi lending and borrowing platform, has added more crypto assets to its holdings. According to Arkham Intelligence, Trump's crypto venture bought 134,216 ONDO tokens worth about 250,000 USDC through the Cow Protocol.Cryptopolitan
Mon, Dec 16
