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Robinhood Adds XLM To Crypto Transfers, XRP Next

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6 months ago

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Robinhood Crypto EU on Wednesday said it has decided to add Stellar (XLM) to crypto transfers, increasing the number of cryptocurrencies supported in the service. XLM price continued to drop as traders considered a broader market sentiment, with price down 1% in the last 24 hours. Will this likely lead to adding XRP next?

Robinhood Crypto Now Supports Stellar (XLM)

Commission-free investing app Robinhood Europe’s crypto arm in an official announcement on October 23 revealed that it has added XLM to cryptocurrencies supported in crypto transfers.

Moreover, users can withdraw and deposit their XLM on the platform for a 1% deposit bonus. It will be available for a limited time.

Crypto transfers allow European customers to deposit and withdraw over 25 cryptocurrencies, including Bitcoin, Ethereum, Solana, and USDC. It offers users control, security, and crime insurance, along with educational program benefits.

This week, the crypto platform also added Solana to crypto transfers as the Solana ETF launch odds buzz in the crypto community. Similarly, a potential launch of XRP ETF has also witnessed rising speculation. Robinhood listed XRP on the platform for trading, but for EU users only.

As CoinGape reported, the company excluded tokens from the crypto transfer feature launched earlier this month. These are Ripple’s XRP, zkSync (ZK), Wormhole (W), Arbitrum (ARB), Cosmos (ATOM), Polkadot (DOT), EOS, Fantom (FTM), Jupiter (JUP), Near Protocol (NEAR), Optimism (OP), Celestia (TIA), Toncoin (TON).

“With the launch of crypto transfers in Europe, we’re making self-custody and entering DeFi simpler and more accessible for our customers,” said Johann Kerbrat, VP and GM of Robinhood Crypto.

XLM Price Fails to Rebound

Traders didn’t respond to the announcement by Robinhood. XLM price continues to trade 1% lower in the last 24 hours. XLM price currently trades at $0.09429. The 24-hour low and high are $0.09434 and $0.09663, respectively. However, the trading volume has increased by 17% in the last 24 hours, indicating interest among traders.

On the contrary, the derivatives market has seen positive buying in the last 24 hours. Total XLM futures OI jumped over 3% to 320.31 million valued at $30.18 million, as per Coinglass data.

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Varinder Singh

Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Developer Advocates For Pi Network Community To Launch Liquidity Pool To Stablilize Pi Coin Price

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53 minutes ago

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April 8, 2025

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Amid frantic calls for a masterstroke for Pi Network price stability, one developer is picking up the gauntlet to launch a decentralized solution. The plan, a community-driven liquidity pool (CDLP), has received widespread support from the Pi Network community, stoking belief for an imminent launch.

Developer Urges Pi Network Community To Proceed With Community-Driven Liquidity Pool (CDLP)

The pseudonymous Satoshi Nakamoto has confirmed plans to proceed with the launch of a CDLP for Pi Network. According to an X post, the developer disclosed that the launch plans come on the heels of overwhelming community support for the initiative after a poll.

The CDLP, a decentralized price stabilization mechanism, involves Pi Network community members purchasing a fixed amount of Pi coins each month. Using the dollar-cost averaging (DCA) strategy, the steady purchases will create a decentralized liquidity pool with Pi coins controlled solely by investors.

Nakamoto shared a poll to gauge community opinion on the initiative on X, with 69% of votes supporting the idea. Going forward, the developer plans for the CDLP are underway, a valiant attempt to prevent steep price drops.

“Based on the results of the previous vote, we are officially establishing the CDLP community framework,” said Nakamoto.

He adds that the next phase will be the appointment of moderators for the CDLP from the Pi network community. While details for the framework are sparse, Nakamoto notes that the CDLP’s operation will follow the core principles of stabilizing the Pi price.

What Is The End Goal For The CDLP?

While the primary purpose of the CDLP is to stabilize the Pi coin price from sharp drops, Nakamoto says the initiative will have a far-reaching impact. He adds that a stable Pi price will provide a conducive atmosphere for developers to thrive.

Furthermore, businesses will be incentivized to accept Pi as a payment method, broadening its reach beyond Southeast Asia. In his submission, long-term Pi holders will receive rewards from Pi ecosystem projects and decentralized applications (DApps).

“As the community grows, Pi will become an increasingly adopted medium of payments and transactions,” added Nakamoto.

Community members like Dr Altcoin have called on the PiCoreTeam (PCT) to take decisive action to stabilize Pi Coin. Furthermore, Dr Altcoin suggests burning Pi tokens locked up in foundation wallets.

After a steep decline that saw the price lose 19% over the last week, the Pi price is recovering with optimists eyeing a rally beyond $3. Pi Network price currently hovers around $0.5 but the broader crypto market selloff threatens its recovery.

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Aliyu Pokima

Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Ripple To Acquire Hidden Road For $1.25 Billion

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4 hours ago

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April 8, 2025

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In a major XRP news, crypto firm Ripple has announced plans to acquire prime broker Hidden Road for $1.25 billion. The XRP price surged on the back of this announcement, with the deal one of the largest in the crypto industry.

XRP News: Ripple To Acquire Hidden Road For $1.25 Billion

In a press release, Ripple announced that it will acquire Hidden Road for $1.25 billion, one of the largest deals in crypto history. The firm noted that with this acquisition, it will become the first crypto company to own and operate a global, multi-asset prime broker.

Hidden Road is a fast-growing prime broker offering institutions a one-stop shop of services, including clearing, prime brokerage, and financing across foreign exchange (FX), digital assets, derivatives, swaps, and fixed income. Meanwhile, this news comes just as the first XRP ETF went live in the US.

Furthermore, the crypto firm noted it is important that there are core infrastructure in place for institutional adoption for the industry to achieve the next phase of growth. This is where prime brokers come in as they bring the necessary credibility and professional trading services in legacy finance to the digital assets space.

As such, Ripple, alongside Hidden Road, plans to bring the promise of digital assets to institutional customers at scale, bridging traditional finance and decentralized finance (DeFi). Although not mentioned in the release, Fortune reported that the crypto firm will settle this acquisition primarily in cash, XRP tokens, and company stocks.

Commenting on the proposed acquisition, Ripple CEO Brad Garlinghouse said,

We are at an inflection point for the next phase of digital asset adoption – the US market is effectively open for the first time due to the regulatory overhang of the former SEC coming to an end, and the market is maturing to address the needs of traditional finance. With these tailwinds, we are continuing to pursue opportunities to massively transform the space, leveraging our unique position and strengths of XRP to accelerate our business and enhance our current solutions and technology.”

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Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Why Curve Finance (CRV) Price Is Up 10% Despite Founder Dumping Heavily?

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6 hours ago

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April 8, 2025

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Despite the broader crypto market correction, Curve Finance’s Curve DAO Token (CRV) is up 10% with a strong 27% pump in daily trading volumes. This happens despite the fact that Michael Egorov has offloaded nearly $2 million in CRV tokens over the past two weeks. This is because the leading decentralized finance (DeFi) protocol witnessed a record Q1, with $35 billion in trading activity, despite a sluggish market.

Curve Finance Price Is Up 10%, $3 Rally Coming?

After the crypto market crash on Black Monday, the Curve DAO (CRV) price bounced back over 10%, currently trading at $0.45 with its daily trading volume surging 27% to $240 million. As per the Coinglass data, the CRV futures open interest is up 6% to more than $107 million, showing strong bullish sentiment among traders.

Prominent market analyst The Mental Trader has reiterated his bullish outlook on Curve (CRV), forecasting a rise to $3+ based on Elliott Wave (EW) theory. Despite recent price fluctuations, the analyst maintains that CRV remains in the “third of the third” mega wave upwards while hinting at a potential long-term upside.

The trader shows that the recent Curve Finance price action is a second minor wave within the sub-third wave, and a breakout above $0.60 would confirm a bullish trajectory ahead.

Source: The Mental Trader

The swing low at $0.34 is highlighted as a critical level; a breach would necessitate a full revision of the EW count. Thus, traders should keep a close eye on CRV’s price action as it approaches pivotal resistance levels.

Founder Michael Egorov on CRV Selling Spree

Curve Finance founder Michael Egorov has resumed offloading CRV tokens amid a market rebound. On his latest sale, Egorov offloaded 236,457 CRV tokens valued at approximately $108,000.

Egorov has sold a cumulative 3.083 million CRV tokens since March 24, amounting to $1.62 million. The tokens were sold at an average price of $0.527, strategically executed near local price peaks as reported by Spot On Chain.

Source: Spot On Chain

Surge In User Activity for Q1

The leading decentralized finance (DeFi) platform Curve Finance has witnessed a major surge in user activity during the first quarter of the year. During this period, the Curve platform clocked a massive $35 billion in trading volumes, up by 13% in comparison to the previous year.

As per the data from DeFiLama, the platform’s total transactions surged from around 1.8 million to 5.5 million in the first three months. This has been one of the major reasons behind the DEX’s surge in trading volumes.

Why Curve Finance (CRV) Price Is Up 10% Despite Founder Dumping Heavily?Why Curve Finance (CRV) Price Is Up 10% Despite Founder Dumping Heavily?
Source: Trading View

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Bhushan Akolkar

Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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