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....
Hyperliquid (HYPE), a Layer-1 platform that has made notable strides in the cryptocurrency sector this year, has announced its latest upgrade, HIP-3. This upgrade marks a significant step toward decentralizing the perpetual futures listing process, allowing users and developers to deploy their own perpetual futures exchanges on the platform. What To Expect From Hyperliquid’s Latest […]
Hyperliquid has picked up one of its clearest endorsements yet from traditional finance. S&P Dow Jones Indices has licensed the first official S&P 500 perpetual contract to Trade[XYZ] on Hyperliquid, giving the exchange a flagship US equity benchmark just as HYPE extends a rally tied to the platform’s fast-growing role in round-the-clock macro trading. The […]