
Ripple Launches Institutional Minting Platform for RLUSD as Transfer Volume Declines
RLUSD holder count rises but monthly transfer volume drops to $10.95B, down 25%.
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Original coverage across the crypto market, updated daily.

RLUSD holder count rises but monthly transfer volume drops to $10.95B, down 25%.
Spot bitcoin ETFs launched in January 2024 have opened the door for institutional investors by eliminating custody and compliance hurdles.
Social chatter around Bitcoin and Ethereum has dropped to levels last seen in 2020, even as institutional interest reaches new highs.

Spot bitcoin funds lost $95 million and ether funds $52 million on Thursday, breaking ether's five-day inflow streak.
Major asset managers like BlackRock and Fidelity drive institutional bitcoin adoption following spot ETF approval in January 2024.

Standard Chartered becomes first global systemically important bank to let institutions mint and redeem USDC directly.

Matt Fisher says the next wave of institutional DeFi users could interact via familiar apps without ever seeing on-chain operations.

Retailer rolled forward its Coinbase options deal in late May, keeping Bitcoin reserves tied up for cash.

Digital Asset, creator of the Canton Network, secures $355 million in a funding round led by Andreessen Horowitz.

Traditional asset manager Janus Henderson acquires ENA tokens and plans to distribute Ethena's USDe stablecoin to clients.

Abra CEO Bill Barhydt sees tokenized yield and on-chain lending as catalysts for institutional crypto adoption.

Return to $60,000 level coincides with significant ETF outflows, contrasting with February's buying behavior.