Tokenized Commodities Hit $8B as XRP Ledger Grows
The sector grew about 10% quarter over quarter, while XRP Ledger's market capitalization nearly tripled year to date, outpacing its broader market growth.
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The sector grew about 10% quarter over quarter, while XRP Ledger's market capitalization nearly tripled year to date, outpacing its broader market growth.
The rotation is broad and largely spot-driven, but historical breadth signals and a fading ETF bid put the durability of the move in focus.
The entries mark a first step in Greece’s presence on the EU’s harmonized crypto-services register, while a separate claim involving Binance and Christine Lagarde was denied.
ETF inflows across bitcoin, ether, SOL and XRP funds totaled about $65M, while ZEC funds saw outflows and the broader market remained below a key $2.90T level.
A potential listing would bring a major crypto services company to public markets after a quiet year for crypto IPOs and a recent recovery in asset prices.
The rally’s next test is whether buyers can absorb the largest concentration of long-term-holder coins and keep price above the zone.
A positive September close would break a pattern dating to 2013, but rising yields and oil prices put the next leg of the rally against a tougher macro backdrop.
The approval gives Coinbase a path to operate clearing infrastructure for US crypto derivatives, placing the exchange deeper inside regulated market plumbing.
Peirce’s departure removes a prominent voice for a clearer crypto framework as questions over US oversight remain unresolved.
The key question is whether spot demand can support a recovery as upcoming US data shifts rate expectations and Treasury yields.
Fiscal anxiety could strengthen Bitcoin's appeal as an alternative, while renewed Fed tightening would revive the pressure seen in 2022.
As of 09:00 UTC on 29 Sep, CoinGecko’s top 10 was unchanged, while sector rotation played out below it. AAVE gained…
Eight consecutive Bitcoin inflow days and seven for Ethereum put institutional ETF demand in focus across both major crypto assets.
Faster cross-chain transfers could widen Ethereum's role in settlement, but the seed does not establish a direct increase in ETH demand.
Glassnode notes similar spikes have coincided with local Bitcoin tops, making the volume shift a market signal to watch rather than a confirmed reversal.
Bitcoin's response points to liquidity as the stronger near-term driver, but the Senate setback leaves regulatory uncertainty unresolved ahead of the midterms.
Required verifier checks can leave a transfer pending after tokens are locked or burned, making operator uptime and approval rules part of the holder’s exit path.
The broader snapshot shows $2.97T in crypto market value, a 73-point Fear & Greed reading and a 56.8% Bitcoin dominance rate.
Exchange outflows and gains despite heavy selling support the squeeze thesis, but a sustained break below $1.48 would weaken it.
The withdrawal puts a sizable amount of ENA in a newly created wallet, though the transfer alone does not establish the holder’s intent.