CoinWorld News reports that, according to U.Today, in the past 24 hours, the RLUSD treasury burn on the XRP Ledger exceeded 59,364,323 RLUSD tokens, and an increase in RLUSD activity is typically seen at the end of the month. Data from the Ripple stablecoin tracker shows that, in the past 24 hours, the total RLUSD burning and minting activity exceeded 118 million RLUSD tokens. XRP validator Vet said that the RLUSD minting/burning pattern remains steady, with issuance activity on the XRP Ledger increasing as the month ends. Vet believes that the end-of-April activity spike has not yet shown up, and that this pattern will coincide with the XRP event scheduled to take place in Las Vegas from April 30 to May 1, 2026.

Last weekend, the cryptocurrency market was hit by geopolitical news. The US-Iran negotiations in Islamabad dragged on for 21 hours without any results, and investors, seeing this situation, started to sell off. Major cryptocurrencies like Bitcoin, Ethereum, and Ripple all declined together. I checked the market at that time, and Bitcoin dropped to around $70,600, with Ethereum also falling quite a bit. However, the past couple of days, the market has rebounded somewhat. Bitcoin is now a little over $76k, Ethereum has returned to $2.28k, and Ripple and Solana have also recovered. It seems the market’s panic has gradually been digested. The key point is, I noticed an interesting signal — institutional fund flows are actually still quite good. Last week, the spot Bitcoin ETF saw nearly $800 million in net inflows in a single week, the strongest since February. The newly launched ETFs, although small in scale, have also attracted quite a bit of capital. What does this indicate? Although short-term cryptocurrency volatility looks pretty scary, from an institutional perspective, the fundamentals are still stable. As long as ETF funds continue to flow in and Bitcoin can hold steady in the $70,500–$71,000 range, there’s still a chance to push higher to $72,000–$73,000. Geopolitical risks will eventually pass, but the long-term optimistic attitude of institutions seems unchanged.