Ripple's Treasury has removed $21.8 million worth of RLUSD stablecoins from circulation by sending them to Ethereum's burn address, marking the largest supply reduction in two weeks. Meanwhile, Bitcoin is trading near $88,800, driven by strong ETF inflows, as the $100,000 milestone appears increasingly attainable. Additionally, Bitwise has filed an application for a Zcash (ZEC) ETF, which has led to increased interest and pushed Zcash prices to $526.59.
Ripple Burns $21.8M in RLUSD as Bitcoin Eyes $100K
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