XRP Gets Perpetual Buyer: Axelar’s mXRP Sparks ‘Money Glitch’ Hype
Axelar used the XRP Seoul 2025 stage on September 21 to tease what promoters framed as an “infinite buying power” flywheel for XRP, centered on a new yield-bearing token called mXRP that is designed to become a structural, programmatic buyer of the underlying asset. The pitch—splashed across slides with “The Infinite Money Glitch” tagline—sketched a […]
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A new product was launched at XRP Seoul 2025, designed to act as a constant buyer of XRP. At the event, Midas and Interop Labs announced the start of mXRP, a tokenized version of XRP that can earn yield while staying fully transferable. The model recycles returns back into XRP, which experts say could generate […]
Midas, in partnership with Axelar, has launched the first XRP liquid staking token, mXRP. The token will provide investors with yields from the XRP DeFi ecosystem and further expand the altcoin’s utility. XRP Liquid Staking Token Launches Midas revealed that the mXRP liquid staking token will be issued on the XRP Ledger EVM via the […]
In a week dominated by deleveraging headlines, two interoperability- and DeFi-focused initiatives are attempting something far more structural in the XRP market: programmatic lock-ups of sizable chunks of circulating supply. Axelar’s new “mXRP” yield product has launched with the stated ambition—voiced by co-founder Georgios Vlachos in a recent X Space—of absorbing “$10 billion, 5% of the XRP circulating supply.” Flare Networks, in parallel, has articulated a goal of mobilizing up to 5 billion XRP onto its rails by mid-2026. If either target is approached, the near-term tradable float....
One of the biggest features of Bitcoin is the lacking of chargebacks, which can be seen as an advantage and a disadvantage. By not having the ability to have chargebacks, sellers usually have the advantage when it comes to consumer protection. But what about the buyer? This is where an escrow service comes in. Escrow services are a third party which both the buyer and seller both agree on to exchange the money and goods. The buyer sends the money to the escrow, while the seller sends the product. Once both is confirmed, they are sent on their way. If one fails to hold their end of the....
A court in the Netherlands, has issued a ruling in a civil lawsuit that has potential implications for how bitcoin will be treated under Dutch law. Notably, the court in Overijssel found that bitcoin does not meet the definitions of "common money", "legal tender" or "electronic money", ultimately ruling that bitcoin is a medium of exchange akin to gold. The case could set a precedent in the Netherlands for similar lawsuits, as the ruling answers the question of what damages need to be assessed when an agreement to trade bitcoin is not fulfilled as promised. The court case centered on a....