#BNY Expands Custody to $XRP and $RLUSD as Institutional Adoption Accelerates🎗️
A major traditional banking institution BNY has expanded its digital asset custody capabilities to include XRP and Ripple's RLUSD stablecoin for eligible institutional clients. The expansion connects BNY's institutional banking infrastructure with the XRP Ledger ecosystem, allowing institutional investors to safeguard and manage natively tokenized assets alongside traditional reserves.
In derivatives markets, top traders on decentralized perpetual exchange Hyperliquid have shifted to a net short position on Bitcoin for the first time since March, signaling heightened caution among market makers. Concurrently, energy markets recorded a 2.03 million-barrel draw in U.S. crude inventory based on latest API data. For market participants, monitoring institutional custody expansion alongside derivatives positioning offers valuable signals for navigating macro liquidity shifts.
$BTC #CoinVahini #XRP #CryptoCustody #InstitutionalCrypto
A major traditional banking institution BNY has expanded its digital asset custody capabilities to include XRP and Ripple's RLUSD stablecoin for eligible institutional clients. The expansion connects BNY's institutional banking infrastructure with the XRP Ledger ecosystem, allowing institutional investors to safeguard and manage natively tokenized assets alongside traditional reserves.
In derivatives markets, top traders on decentralized perpetual exchange Hyperliquid have shifted to a net short position on Bitcoin for the first time since March, signaling heightened caution among market makers. Concurrently, energy markets recorded a 2.03 million-barrel draw in U.S. crude inventory based on latest API data. For market participants, monitoring institutional custody expansion alongside derivatives positioning offers valuable signals for navigating macro liquidity shifts.
$BTC #CoinVahini #XRP #CryptoCustody #InstitutionalCrypto