The co-founder of the institutional investment firm GMO projects that artificial intelligence stocks could suffer a drop of up to 70% due to excess speculation. Metrics gathered by the investor show that emerging markets recorded a 65% gain over the last 12 months, outperforming the 25% reported by the S&P 500 index.
Solana (SOL) held up better than most major cryptocurrencies during a sharp market downturn that pushed Bitcoin (BTC) below the $60,000 level, underscoring investor focus on the network's expanding institutional products and real-world asset tokenization activity. As of Wednesday UTC (June 25), SOL was changing hands around $66.26, down roughly 5% over the past week, according to a market flash report from KuCoin.
Ripple's RLUSD stablecoin now has a larger circulating supply on the XRP Ledger compared to Ethereum. The XRPL's lead comes as Ripple looks to expand in Japan with its RLUSD launch.