Edgen AI operates independently of, and is not controlled by Aspen Digital Financial Limited.
Ripple launches RLUSD minting platform as revenue run rate nears $1B
Edgen Crypto·Jul 23 2026, 17:07Share to
Share to
Copy link
[1] Ripple launches institutional RLUSD minting platform with API access (https://cryptobriefing.com/ripple-launches-in ...)[2] Bankruptcy Court Clears $130M Ripple Share Sale Led by Galaxy Digital's $60M Block (https://www.coinspeaker.com/linqto-ripple-equ ...)[3] Bybit launches RLUSD Hold & Earn rewards campaign (https://invezz.com/news/2026/07/20/bybit-laun ...)[4] Visa Launches Stablecoin Platform With OUSD Access for Clients (https://www.livebitcoinnews.com/visa-launches ...)[5] Ripple Prime Sees More Recognition with Key Nominations (https://u.today/ripple-prime-sees-more-recogn ...)
Related News
Jul 23 2026, 17:54
STABLE surges 16% to $0.041 as memecoin frenzy drives 167K transactions
STABLE rose 16% to $0.0417, reaching a two-month high, after the StableSwap DEX launch on the Stable network triggered a memecoin frenzy. The network processed over 167,000 transactions in 24 hours, driven by the launch of the Fefer memecoin, which reached an $11 million market cap, according to on-chain analyst 0xNox. Derivatives activity accelerated alongside the spot rally. Open interest jumped 28% to $27.3 million, while futures net inflows climbed 526% to $1.05 million, Coinglass data shows. The RSI climbed to 66, signaling strong buyer control, with the Stochastic Momentum Index also confirming upside momentum. If network usage sustains, STABLE could challenge $0.043 and target $0.05. A fade in speculative demand risks a pullback toward $0.035. The token's market cap reclaimed the $1 billion mark, rising 16% alongside the price. Trading volume increased 3%, reflecting steady capital flows after a week-long decline. The StableSwap DEX, which went live July 22, was designed to offer deep liquidity and efficient routing for stable asset trading on the Stable chain. Following the transaction spike, the Stable protocol initiated infrastructure upgrades to maintain high-velocity execution, according to the project's X account. Beyond Fefer, additional projects bridged to the network, including Feferz as the first NFT and the FINNY memecoin, further boosting network usage and demand for STABLE. Speculative demand has historically preceded short-term price pumps in crypto markets, though memecoin-driven rallies carry elevated correction risk. The sustainability of STABLE's move depends on whether network activity remains elevated after the initial launch frenzy subsides. This article is for informational purposes only and does not constitute investment advice.
Jul 23 2026, 17:49
62,000 dormant Solana wallets return as memecoins drive $2B in volume
**Sixty-two thousand Solana wallets woke from dormancy last week, drawn by a memecoin frenzy that generated $2 billion in spot trading volume.** Sixty-two thousand previously dormant Solana wallets reactivated last week, pushing the network's memecoin trading volume to $2 billion, on-chain data shows. "Solana is the most used network in the world because of memecoins," Kristen Smith, President of the Solana Policy Institute, said at Breakpoint 2025. The 62,000 reactivated wallets — accounts that had been idle for more than 12 months — represent a 400% increase from the prior week and the highest dormant wallet return rate in over a year, according to on-chain data. Memecoin spot volume of $2 billion accounted for roughly 19% of Solana's total DEX activity, which reached approximately $10.6 billion for the week. Pump.fun, the memecoin launchpad on Solana, generated $1.21 million in revenue over a single 24-hour period, outpacing Hyperliquid's $1.03 million over the same timeframe. The surge in dormant wallet activity signals renewed retail interest in Solana, but the sustainability of the memecoin cycle remains uncertain. A $2 billion week can quickly contract if viral momentum fades, leaving latecomers exposed to sharp reversals. The next test for Solana's on-chain activity will be whether these reactivated wallets remain active beyond the current memecoin wave. **$JIMOTHY, $ANSEM lead the memecoin charge** Among the tokens driving the wave, $JIMOTHY reached an all-time high market cap of $46.4 million on July 22, while $ANSEM hit a valuation of approximately $169 million and $KET sat at around $15 million, CoinGecko data shows. The three tokens, all launched on Pump.fun, exemplify the viral animal-themed token launches that have become a hallmark of Solana's memecoin ecosystem. **What the wallet data tells investors** The 400% spike in dormant wallet reactivation suggests experienced market participants are returning to Solana, not just new entrants. However, the concentration of activity in memecoins — rather than DeFi protocols or NFT marketplaces — raises questions about the durability of the demand. If the memecoin cycle follows historical patterns, a sharp contraction in volume could follow the current peak, similar to previous boom-and-bust cycles on Solana. This article is for informational purposes only and does not constitute investment advice.
Jul 23 2026, 17:47
CLARITY Act faces 21-day Senate deadline as Ripple CEO urges passage
Ripple Chief Executive Brad Garlinghouse called on the U.S. Senate to pass the Digital Asset Market Clarity Act before the August recess, warning that delaying the bill past the 21-day window could push the process into 2027. "My thoughts exactly. Perfect can't be the enemy of good. Let's get this done," Garlinghouse wrote on X, responding to Ripple Chief Legal Officer Stuart Alderoty, who described the legislation as a consumer protection bill with strong anti-money-laundering and know-your-customer requirements. The Senate Banking Committee advanced the bill by a bipartisan 15-9 vote in May. But the legislation faces two unresolved disputes: an ethics clause governing crypto holdings by federal officials, and whether stablecoin platforms may offer returns to customers. Galaxy Digital Chief Executive Mike Novogratz said negotiations were down to "word smithing" around the ethics provision. Senate Majority Leader John Thune aims for a floor vote in the coming week, according to Punchbowl News. Missing the Aug. 10 recess deadline would not kill the bill, but the approaching midterm elections and competition from other legislative priorities would leave limited time for a floor vote. If Congress fails to complete the process before its current term ends in January, the unfinished legislation would expire, requiring reintroduction in the new Congress — a process that could extend into 2027. The bill's path remains uncertain. Republican senators John Curtis of Utah and John Cornyn of Texas told Punchbowl News they share the banking lobby's concern that stablecoin yield provisions could pull deposits out of insured accounts. Six of the largest banking trade groups, including the American Bankers Association, published a statement Wednesday calling the language a risk to local lending. Goldman Sachs Chief Executive David Solomon broke with rival bankers, telling Politico he supports moving the bill forward. "I'm very supportive of moving the Clarity Act forward, so we can get some market structure in place and start to move the innovation process along," Solomon said. Goldman has disclosed a $1.1 billion position in a spot bitcoin ETF. Coinbase Chief Executive Brian Armstrong also backed the legislation, saying the bill is ready for a full Senate floor vote. "The status quo in the U.S. isn't working," Armstrong said. "There's no federal framework, so bad actors like FTX can harm U.S. customers." Passing the CLARITY Act would write the commodity classification of tokens like XRP permanently into federal statute, moving jurisdiction from the Securities and Exchange Commission to the Commodity Futures Trading Commission. Sam Daodu, an analyst at 24/7 Wall St., estimated that between $4 billion and $8 billion in additional institutional money could enter the market if the legislation provides permanent legal certainty, with analysts projecting XRP could push toward the $5 range. Prominent XRP bull Charusan has argued the token is significantly undervalued, claiming it should already trade at $15 and reiterating a forecast of $324.22 based on assumptions about institutional liquidity velocity. The calculation assumes $1.2 trillion in daily volume from clearing and cross-border banking routed through XRP-based settlement, a scenario critics say overstates mandatory token adoption. Sen. Cynthia Lummis, a Wyoming Republican and one of the legislation's most prominent supporters, issued another call for its passage. "If something is genuinely decentralized, it should not be regulated like a bank," Lummis said. "Getting that distinction right took years of work, and we finally have the opportunity to make it law. Let's pass the Clarity Act." This article is for informational purposes only and does not constitute investment advice.