XRP News Today: Regulators and AI Mining Power Test Crypto's Future as XRP and Monero Stumble

Monero (XMR) and XRP have both faced significant market shifts recently, with Monero under pressure from a reported 51% attack and XRP struggling amid broader macroeconomic concerns. Meanwhile, the emergence of a BlockDAG-based model offering a 25% referral boost has sparked interest as an alternative that provides immediate value to participants.

Kraken has temporarily suspended Monero deposits following reports of a 51% attack on the privacy-focused cryptocurrency's blockchain network. The exchange stated that a single mining pool, Qubic, had gained more than 50% of the network’s hashing power, raising security concerns. This event marks the first time a major privacy protocol has been overtaken by an AI-focused blockchain, according to Qubic representatives. The attack has led to the reorganization of six blocks and triggered a community response, highlighting the vulnerability of even well-established projects to concentrated mining power.

XRP, on the other hand, has seen recent volatility driven by macroeconomic factors, particularly inflationary pressures. The U.S. Federal Reserve’s cautious stance on interest rate cuts, influenced by rising inflation signals from key economic indicators such as the Producer Price Index, has weighed on investor sentiment. Home Depot's announcement of price hikes due to tariff pressures has further exacerbated fears of inflation in the consumer economy, contributing to a decline in XRP’s value. As of the latest data, XRP has fallen by 4.1% over the previous 24 hours and is still up about 49% year to date, despite recent pullbacks.

The U.S. Securities and Exchange Commission has also delayed decisions on several XRP ETF applications, including those from Nasdaq, Bitwise, and Canary. The most recent update pushed the decision date for Nasdaq’s Coinshares XRP ETF to October 23, 2025, citing the need for additional evaluation time. This regulatory uncertainty adds to the market’s volatility, with analysts warning of the potential for further price corrections if XRP breaks below key support levels.

Amid these developments, a growing interest in alternative models such as BlockDAG has emerged. Unlike traditional blockchain structures, BlockDAG allows for higher throughput and scalability by enabling multiple blocks to be added in parallel. A notable feature of this model is the 25% referral boost it offers, which immediately enhances value for participants. This innovation provides a compelling case for investors seeking alternatives to conventional models, especially in a market environment where liquidity and scalability remain key concerns.

The broader cryptocurrency market remains sensitive to macroeconomic conditions and regulatory developments. XRP’s recent price action around the $3.00 level underscores the tight grip that technical and fundamental factors have on the token. The inability of XRP to maintain a breakout above $3.10 has raised questions about the strength of institutional participation and the health of the broader market. Traders are closely monitoring whether the $3.00 level can hold as a key support zone or if a further decline toward $2.95 is imminent.

Source: [1] Why XRP Is Sinking Today (https://finance.yahoo.com/news/why-xrp-sinking-today-174944508.html) [2] XRP Spikes, Then Stalls, as Traders Face Decisive $3 Mark (https://www.coindesk.com/markets/2025/08/19/xrp-spikes-then-stalls-as-traders-face-decisive-usd3-mark) [3] Breaking Update on Several Spot Ripple (XRP) ETF Filings (https://cryptopotato.com/breaking-update-on-several-spot-ripple-xrp-etf-filings/) [4] Kraken pauses Monero deposits following 51% attack (https://cointelegraph.com/news/kraken-pause-monero-deposits-after-51-attack)