Ripple Enhances RLUSD Utility in DeFi with Chainlink Price Feeds Integration
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Daily Top Performer — DeepBook (DEEP)
The S&P 500 fell 1.11% as rising Treasury yields and inflation concerns hit markets, with tech and AI stocks leading the decline. Coindesk Indices, an index measuring broader cryptocurrency market performance was down by 6.05%, with Bitcoin and Ether dropping by 5.67% and 8.17%, respectively in the past 24 hours.
Today's top performer is DEEP, which surged 4.2% following the announcement of the collaboration between DeepBook and NAVI Protocol, enhancing the utility of DEEP tokens in the Sui DeFi ecosystem.
DeepBook (DEEP), launched in 2023, is a native liquidity layer for the Sui ecosystem, utilizing a central limit order book system to execute trades. It focuses on providing high throughput, minimal slippage, and low fees. DeepBook Protocol has partnered with NAVI Protocol, allowing users to use DEEP tokens as collateral to borrow from 19 other assets, enhancing their utility within the Sui DeFi ecosystem.
Check Out the Latest Prices, Charts, and Data of DEEPUSDT Perp and DEEP/USDT Spot Contracts!
Talk of the Town
Ripple is adopting the Chainlink standard to enhance the utility and access of its Ripple USD (RLUSD) stablecoin in DeFi. By using Chainlink’s Price Feeds, Ripple can now provide secure and reliable pricing data for RLUSD on the Ethereum blockchain, enabling its integration into DeFi applications like trading and lending. This collaboration allows Ripple to offer high-quality offchain data to accelerate RLUSD’s adoption. Chainlink’s decentralized infrastructure ensures secure, tamper-proof, and accurate pricing, supporting RLUSD’s expansion within both institutional and decentralized markets.
Check Out the Latest Prices, Charts, and Data of XRPUSDT Perp and XRP/USDT Spot Contracts!
Bitcoin Spot ETF Flows
Category | Flow (millions) |
GBTC | (125.4) |
Non-GBTC | (418.3) |
Total | (543.7) |
Yesterday, BTC Spot ETFs experienced total outflows of $543.7M, including $125.4M from GBTC and $418.3M from non-GBTC sources.
Check Out the Latest Prices, Charts, and Data of BTCUSDT Perp and BTC/USDT Spot Contracts!
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