Open interest across crypto derivatives reached $28.18 billion as Bitcoin slipped to $79,756 and 66,287 positions worth $140.79 million were liquidated over 24 hours. Net stablecoin inflows totaled $99.6 million across the three leading networks, with XRP Ledger narrowly ahead of Hyperliquid at $34.4 million versus $34.1 million. Ripple secured final OCC approval for its national trust bank, which will manage RLUSD reserves, and expanded its partnership with BNY, while Kraken launched CFTC-regulated perpetual futures for U.S. clients on Hyperliquid. The Federal Reserve meeting will determine Bitcoin’s direction: holding above $80,000 could lead to $85,000, while falling below $79,000 could expose the market to $75,000.
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