Business

Onchain demand remained soft throughout the slide, according to Glassnode data. The number of active addresses, a rough measure of how many users are actually trading, was around 618,000, in the middle of its recent range rather than breaking higher. The value of coins moving across the network held close to $4.2 billion, just above

• The token traded in a $0.0435 range and continued to hold above the $1.00 psychological support level. • The greatest activity came on 29 June at 5:00 p.m., when volume reached 86.5 million XRP, about 67% above the 24-hour average. • Price later consolidated between $1.03 and $1.06, leaving the market range bounded rather

Rupees were deposited into corporate accounts, converted to stablecoins, sent across borders and sold on Indian exchanges, the agency said, bypassing the paperwork and approvals that formal money transfers require under FEMA and India’s anti-money laundering laws. The model had been operating for about two years, attracting users because stablecoin transfers were faster and cheaper