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Key takeaways:XRP’s (XRP) drop toward $2.80 was preceded by a significant amount of transfers from large holders, which some analysts said may fuel a deeper price correction. Whales are offloading their XRPXRP whales, or entities holding large amounts of tokens, have intensified their sell-side activity as the price dropped below $3. Related: Ripple to bring RLUSD stablecoin to Bahrain via new partnershipAnalyzing XRP Whale Flow data, using a 30-day moving average, CryptoQuant analyst Maartunn said that $50 million worth of XRP is leaving whale wallets daily.He added:“Selling pressure persists.”XRP: Whale Flow 30DMA change. Source: CryptoQuantThis aligns with a surge in XRP supply…

HashKey Group, the owner of Hong Kong’s top licensed crypto exchange, has reportedly filed for an initial public offering (IPO) in the city.According to a Friday Bloomberg report citing anonymous sources with knowledge of the matter, HashKey Group may be aiming for a listing in Hong Kong this year. The IPO could raise as much as $500 million, according to the sources cited in the report.HashKey is Hong Kong’s top crypto exchange with a 24-hour volume of nearly $117 million at the time of writing, according to CoinGecko data. The exchange’s popularity has also made it a target for scammers.According…

Key takeaways:ETH ETFs have opened access, but flows remain cyclical.SOL’s plumbing is set: CME futures are live, with options slated for Oct. 13 (pending approval).The SEC’s generic standards now allow faster spot-commodity ETP listings beyond BTC and ETH.For SOL to outperform ETH, it will need sustained creations, tight hedging, real onchain usage and continued developer momentum.It’s true that Ether (ETH) already has the head start in the exchange-traded fund (ETF) race: Spot Ether ETFs began trading on July 23, 2024, attracting approximately $107 million in first-day net inflows and opening a mainstream path for investors through brokers and retirement accounts.However,…