What Happened in Crypto Today: Check Updates on BTC, XRP and More

What Happened in Crypto Today: ETF Inflows, Ripple News, and Security

Bitcoin and Ethereum Spot ETFs Witness Major Inflows

On December 10, Bitcoin spot ETFs experienced remarkable net inflows, totaling $440 million, marking the ninth consecutive day of positive activity. BlackRock's ETF IBIT led the charge with a daily net inflow of $296 million, while Fidelity's ETF FBTC saw $210 million per day. The cumulative total net inflow for Bitcoin spot ETFs reached a staggering $34.35 billion, with the total value traded hitting $3.78 billion. Bitcoin's market cap stood at $1.93 trillion, and the trading price was $97,837.87.

Ethereum spot ETFs also showed strong performance, maintaining a 12-day streak of net inflows amounting to $305.74 million on the same day. Fidelity’s ETF FETH was the frontrunner with a daily net inflow of $202 million. The cumulative total net inflow for Ethereum ETFs reached $1.87 billion, with total net assets of $12.46 billion. Ethereum was priced at $3,687.78, reflecting a 1.61% drop.

Ripple Stablecoin Approval: What It Means for XRP Prices

Ripple’s USD-pegged stablecoin, RLUSD, has secured approval from the NYDFS, a significant milestone for the blockchain company. Ripple CEO Brad Garlinghouse announced this news, which caused XRP prices to surge by nearly 4.32% within 24 hours. This approval is expected to enhance liquidity and bolster the XRP Ledger’s (XRPL) DeFi capabilities.

XRP’s recent performance has been extraordinary, with a 300% surge in the past 30 days. At the time of writing, XRP is trading at $2.31, up 4.54% in the last 24 hours. The market cap stands at $132.28 billion, with a trading volume of $23.89 billion. The continued bullish trend is attributed to the RLUSD approval and increased social engagement.

Telegram’s Rising Security Threats: Protect Your Crypto Wallets

Scammers are increasingly using sophisticated tactics on Telegram to infiltrate systems and steal crypto. Scam Sniffer reported how scammers employ fake X accounts, Telegram channels, and malicious bots to deceive users and access their crypto wallets. 

By impersonating popular crypto influencers and using fake verification bots, they create urgency and inject malware to steal private keys. Users are advised to remain vigilant and avoid suspicious links to protect their wallets.

RLUSD Approval and XRP’s Bullish Trend

Ripple’s RLUSD approval has significantly impacted XRP’s market performance, with prices surging due to increased investor confidence. XRP’s social dominance has risen, contributing to its bullish trend. Analysts suggest that if XRP maintains its current momentum and social engagement, it could target the $2.58 resistance level and potentially reach the $3 mark.

At the time of writing, XRP was trading at $2.40, after an intraday surge of 7.45% with $136.83 billion in market cap and $24.27 billion in 24-hour trading volume.  

Conclusion

Bitcoin and Ethereum spot ETFs are experiencing significant inflows, indicating strong investor interest, while Ripple's RLUSD approval has boosted XRP prices. However, rising Telegram security threats necessitate vigilance to protect crypto wallets. If XRP sustains its momentum, it could reach new highs, reflecting heightened market confidence.