(Dinarian Note: It absolutely blows my mind how THEY don't explain that whatever is not sold goes back into the ESCROW account.)

Ripple is on a selling spree, offloading a total of 350 million XRP from its treasury reserves in September. XRP price has already recovered after immediate negative reactions to Ripple’s two selling activities this month, worth approximately $200 million.

In its most recent sale, the ‘Ripple (1)‘ address spent 200 million XRP, worth nearly $120 million, on September 23. Before that, the treasury account had moved 150 million XRP to the same destination address, ‘rP4X2hTa7A7udDbE6wczXvPz7XZ63sKxv3‘, on September 13.

This comes from a pattern the largest XRP holder and core developer repeats every month, inflating the token’s circulating supply. In September, the company unlocked 1 billion XRP, reserving 200 million in ‘Ripple (1)’, but adding 150 million more tokens.

Finbold monitors Ripple’s monthly onchain activity through the XRP Scan explorer, reporting its selling sprees and their economic impacts. Essentially, we consider a sale once XRP moves from one of Ripple’s treasury accounts to an unknown address without disclosure.

XRP price analysis amid Ripple’s selling spree in September

As of this writing, XRP is trading at $0.589, down 1.7% in the last 24 hours. Slightly recovering from a crash to $0.583 following the 200 million XRP sale on September 23.

Notably, the previous sale of 150 million XRP was marked by a price increase from $0.57 to $0.596. This happened as XRP whales massively increased their positions, buying over 380 million XRP from September 10 to 20.

On the other hand, the token experienced significant crashes right after Ripple prepared its September selling spree on two occasions. First, dropping from $0.565 to $0.545 while unlocking and reserving the 200 million XRP. Later, it went from $0.544 to as low as $0.509 after moving the extra 150 million, signaling the intention of a larger sell-off in September.

Despite the challenges of Ripple’s ongoing selling spree, analysts remain bullish on XRP performance for the following weeks. Finbold reported some of these analyses, forecasting XRP to $1 soon, backed by an artificial intelligence (AI) prediction.

Nevertheless, investors and traders must understand how supply and demand dynamics can impact the price action. Ripple still has over 40 billion XRP that will eventually start circulating through the company’s sales. The demand must overcome this supply pressure for the token to perform positively in the long run.

Link

The DLT exchange 21X has partnered with fund administrator Apex Group to list the tokenized securities of Apex’s clients. The exchange is awaiting its DLT Pilot Regime go ahead from the European Securities Market Authority (ESMA). Once approved, 21X will be both a DLT trading and settlement system (DLT TSS). This news means the approval process is quite advanced.

It also acts as a rallying cry for asset managers, institutions, brokers and distributors who might want to list securities on 21X’s market.

Apex administers more than $3 trillion in funds for its clients and is prolific in its blockchain activities, starting with the acquisition of FundAdminChain in early 2022. Additionally, it has invested in various solutions, including tokenization platform Tokeny and Inveniam, which provides on-chain valuation data for tokenized assets. Tokeny is also one of 21X’s partners.

21X said it will be the “European exchange of choice” for listing Apex client tokenized securities.

“In the dynamic landscape of fund management, staying ahead of the curve is crucial for success and asset tokenisation holds tremendous potential for transforming the fund administration and management landscape,” said Peter Hughes, founder and CEO of Apex Group. “Our partnership with 21X fits perfectly with our strategy of expanding our tokenized asset capabilities.”

The DLT Pilot Regime

It’s been a long wait for the first DLT Pilot Regime approval. Yesterday marked 18 months since the legislation came into force, with no institutions approved so far. Amongst the first batch of four applicants, 21X is the only that applied to be both an exchange and settlement system. Conventional regulations require a separation between exchanges and central securities depositories (CSDs), which the DLT Pilot Regime relaxes, although the approval process involves stringent requirements relating to both activities. Additionally, the DLT Pilot Regime allows exchanges to deal directly with retail clients, rather than restricting interactions to brokers and other institutions.

“This announcement is a major milestone on our path to launching the first fully regulated DLT-based exchange and settlement system,” said Max J. Heinzle, founder and CEO of 21X. “As a major digital asset service provider, Apex Group’s dedication to list tokenized securities on 21X is also a historic step for capital markets globally.”

Earlier this year Mr Heinzle shared details about 21X’s plans in a Ledger Insights interview.

Link

The first Above Phone webinar showed off the Above Phone and all the underlying technology that helps protect you from tracking and censorship.

We cover:
- the potential privacy, financial, and legal risks in using a big tech phone
- the 3 major layers of tracking
- simple strategies to secure the 3 layers
- differences between operating systems
- basic phone features and how to use them
- how to find alternative apps for every use
- how to audit your favorite applications
- how to control your phone's sensors
- how to make phone calls without a SIM card
- how to use Above Privacy Suite
- how to isolate big tech apps
- how to send end to end encrypted messages, calls, and video calls
- how to protect your phone's internet traffic with a VPN
- the most important app replacements
- and much more!

Our phone has become a tool of learning - we get a lot of our information from podcasts, reading articles, and browsing social media.

With media being important, its easy to get looped into an app that might charge you money or spy on you.

Luckily there are plenty of alternatives on the Above Phone.

In our Mindful Media webinar we share new ways to consume media that are free, and give us ownership of the media by letting us download the files.

Replace big tech with your private ecosystem.

Step Above to friendly apps, operating systems, and communications that give you privacy and control. A phone that does everything you want and more. Its easy to learn and we'll help you every step of the way.

The Above Privacy Phone