Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, S… [+467 chars]

Institutional liquidations dominated trading as 470 million XRP were offloaded across major exchanges during the Aug. 21–22 window, triggering a sharp selloff.

CoinDesk

XRP Zooms 3% as Bitcoin Spikes on Powell Comments

Bitcoin held a crucial support level amid cautious market positioning ahead of Powell's Jackson Hole speech.

Markets Today: Holding Steady for Powell

A $50 million Trump-linked acquisition of a DOGE mining firm, Wyoming’s launch of a state-backed stablecoin, and comments from Federal Reserve officials signaling a softer stance on digital assets all converged to trigger fresh institutional flows.

DOGE Surges 5% Amid Trump-Affiliated Dogecoin Mining Deal and Fed Comments

SBI VC Trade, a licensed Electronic Payment Instruments Exchange Service Provider, said it expects RLUSD to go live in Japan during the first quarter of 2026.

Ripple, SBI Plan RLUSD Stablecoin Distribution in Japan by 2026

On-chain data flagged institutional-sized flows, with nearly 155 million in XRP turnover during recovery periods, far above the 63 million daily average.

XRP Whipsaws on $2.84–$2.99 Range as Bulls Eye Breakout Above $3

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.
The CoinDesk 20 is currently trading at 4005.12, down 1.4% (-55.83) … [+246 chars]

Stellar (XLM) was also among the underperformers, declining 2.5%.

CoinDesk 20 Performance Update: SUI Drops 3.9%, Leading Index Lower from Wednesday

Markets Today: Bitcoin Bears Start to Emerge, Ye's YZY Surges Then Slumps

Bitcoin Falters in Choppy Market, Ether Stays Resilient: Crypto Daybook Americas

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