CME XRP futures debut hits $15M in daily volume, fueling hope for ETF approval

XRP futures contracts began trading on CME Group’s derivatives platform on May 19, surpassing $15,6 million in trading volume as of 9:20 P.M. UTC across standard and micro contract offerings.  According to CME data, 120 standard XRP contracts traded at an average price of $2.3965, representing approximately $14.3 million in notional volume. Each contract equates…

South Korean Experts Warn Seoul of Mounting ‘Stablecoin Danger’

Leading legal and financial experts have cautioned political leaders that stablecoin adoption plans pose a danger to the South Korean economy. Per the newspaper Chungnyun Ilbo, experts say that US dollar-based stablecoins could have an impact on exchange rates and fiat currencies. Stablecoin Danger for South Korean Economy? The comments came at a digital assets-themed…

The FKI Tower Conference Center in Yeouido, Seoul, South Korea.

Coinbase Confirms DOJ Investigation Following Major Security Incident

The US Department of Justice (DOJ) has initiated an investigation into a significant security breach at Coinbase, the largest US-based cryptocurrency exchange.  According to sources familiar with the matter cited by Bloomberg, the DOJ’s criminal division in Washington is examining the circumstances surrounding the breach, which has raised serious concerns about cybersecurity within the crypto…

Coinbase