U.Today presents the top three news stories over the past day.
XRP skyrockets 8,466% in abnormal liquidation imbalance
Yesterday, June 19, XRP saw an unusual spike in liquidation imbalance; in the course of 12 hours, the long-short ratio increased by 8,466%. CoinGlass data shows that during this time, XRP’s total liquidations constituted $514,000, with $508,040 coming from long positions, and the remaining $6,565 from shorts. Notably, all of this occurred while XRP’s price remained relatively stable; the asset was trading within a narrow range, opening near $2.14998 and closing around $2.15417. Overall, the XRP price posted a small net gain of just 0.2%. The large loss on long positions suggests traders were caught off guard by a small price drop, triggering stop-outs on highly leveraged long contracts. The few short liquidations indicate a bullish bias, which proved unsustainable as XRP mostly held its ground.
“Rich Dad Poor Dad” author: Bitcoin will be $1 million per coin
Robert Kiyosaki, prominent businessman and author of bestselling book “Rich Dad Poor Dad,” has recently taken to X platform to discuss the importance of price versus quantity. He predicted that by the year 2030, Bitcoin could reach $1 million per coin. Kiyosaki emphasized that investors should focus more on the amount of the flagship cryptocurrency they are holding rather than its price. “While price is important….the rich will still be those with the most Bitcoin…The quantity you own is more important for your future than the prices,” he wrote in his X post. Previously, Kiyosaki predicted that even 0.01 BTC could potentially make investors rich in the future. According to another forecast from the author issued last month, Bitcoin will “climb to $250k this year.”
Canada’s XRP ETF goes zero-fee
In a recent press release, Purpose Investments, one of Canada’s largest investment management firms, has announced a management fee holiday for its newly launched spot-based XRP ETF. The management fees will be waived for nearly eight months, and after February 2026, a fee of 0.69% will be charged annually. Additionally, the fund’s management expense ratio (MER) will be capped at 0.89%, meaning that the fund will never charge more in total costs. The aforementioned 0.69% fee is part of the total MER, which also covers non-management expenses. Apart from Purpose Investments, 3iQ and Evolve also launched their spot XRP ETFs on Wednesday after receiving OSC approval. As noted by Paul Grewal, Coinbase’s CLO, Canada has outpaced the U.S. in XRP ETF launches, stressing that regulatory clarity tends to drive innovation.