Crypto News Today: XRP ETFs Surge, Aster Executes Major Token Burn, Chainlink Whales Accumulate
1. Why are XRP ETFs growing so quickly?
XRP ETFs have seen uninterrupted inflows since launch, driven by issuer expansion, leveraged products, and growing institutional access.
2. What impact does Aster’s token burn have on its price?
The 77.8 million burn reduces circulating supply, helping stabilize price and potentially supporting a move toward $1.1-$1.3 if demand holds.
3. Why are Chainlink whales accumulating more LINK?
Whales added 4.73 million LINK amid declining exchange supply and rising institutional interest through the new Grayscale LINK trust.
4. What caused the USPD stablecoin hack?
A sophisticated proxy-based exploit allowed attackers to mint 98 million USPD and drain liquidity undetected for months.
5. Why did Bitcoin ETFs record heavy outflows?
Bitcoin Spot ETFs saw $194.6 million in net outflows, with major withdrawals from BlackRock and Fidelity, despite strong long-term inflow totals.