OneLiners
Glassnode Detects Signs of Capitulation Among XRP Holders
According to Glassnode, XRP holders are increasingly selling the asset at a loss. The 90-day average realized profit-to-loss ratio has dropped to 0.38, meaning for every $1 of losses, there is only $0.38 of profit, reports CoinDesk. At its peak in 2025, the ratio reached 50. Glassnode estimates that a drop below 1 indicates a dominance of loss-making sales and signs of market participant capitulation. At the time of publication, XRP was trading around $1.11, down nearly 40% since the beginning of the year and significantly below the July high of over $3.60.Sandstone Secures $30 Million for AI Platform
Startup Sandstone has raised $30 million in a Series A round led by Lightspeed Venture Partners. The funds will be used to support corporate clients, hire staff, and develop a community of in-house lawyers. Sandstone is developing an AI platform for in-house legal departments: it assists in gathering requests from Slack, email, and Jira, distributing tasks, and initiating processes for document preparation, review, and legal analysis.CoinDesk 20 Index Continues to Decline
The CoinDesk 20 Index fell to approximately 1659.67 points, losing 3.83%, according to platform data. Earlier, CoinDesk Indices reported a decrease of 1.4% to 1708.48 points. Major market assets, including Bitcoin, Ethereum, XRP, and Solana, also remain in the red. The CoinDesk 20 tracks the performance of the largest and most liquid digital assets, trading on multiple platforms across various regions worldwide.Morpho Secures $175 Million in Funding Round Led by Paradigm and a16z Crypto
On June 9, the lending protocol Morpho announced it had raised $175 million in a funding round led by Paradigm, a16z crypto, and Ribbit Capital. According to CoinDesk, the platform hosts over $11 billion in deposits, with institutional clients including Galaxy, Anchorage Digital, and Bitwise. The funds will be used to develop infrastructure for institutional lending and programmable credit products.We use cookies to improve the quality of our service.
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