XRP News Today: Siton Mining Launches XRP-Based Mining Contracts Amid 36% Surge Driven by U.S. Legislation

Siton Mining, a global cloud mining platform, has launched XRP-based cloud mining contracts, enabling users to leverage XRP to activate Bitcoin miners and generate daily passive income. The platform’s "double income" model combines fixed USD earnings from mining operations with potential gains from XRP price appreciation, creating a dual-revenue stream for investors. Users deposit XRP or other cryptocurrencies to unlock mining contracts, receive daily USD payouts tied to real-time exchange rates, and retain their XRP for possible value growth during the contract period. For example, a $5,000 XRP investment in a three-day contract could yield $660 in USD income, with an additional profit if XRP appreciates by 10% over the same period [1].

The launch coincides with a surge in XRP’s value, which hit $3.68, a 36% increase over one week, and a market capitalization exceeding $219 billion. This rise is attributed to U.S. legislative developments, including the GENIUS Act and the Digital Financial Transparency Act, which provide regulatory clarity and compliance frameworks for blockchain and digital asset markets. Siton Mining’s contracts align with growing institutional interest in XRP, reflected in futures open interest surpassing $10.7 billion and expanding participation from institutional investors. The platform’s offerings cater to users seeking to capitalize on XRP’s recent momentum while diversifying income streams through mining [2].

To participate, users register via the platform’s website or mobile app, select a contract, and recharge with XRP or other supported cryptocurrencies. The process emphasizes accessibility, requiring no specialized equipment or technical expertise. Users can also earn additional incentives, such as $0.6 in daily sign-in rewards, and access real-time earnings distribution. The platform highlights its global reach, operating green-energy-powered mining farms across 150+ countries, and supports multi-language interfaces to cater to diverse user bases [3].

Siton Mining’s "double income" model’s profitability depends on variables such as XRP’s price trajectory, mining difficulty, and broader market conditions. The platform does not provide projections for XRP’s future price movements or mining returns, emphasizing that users should conduct independent due diligence. The service operates as a sponsored initiative, with no legal or financial advice provided by third parties. Siton Mining, which claims over 9 million users, positions itself as a leader in decentralized cloud mining by integrating AI-driven computational power scheduling and flexible multi-currency settlement options. The platform’s expansion into XRP-based mining reflects broader trends in the cryptocurrency sector, where interoperability and passive income generation are increasingly prioritized [4].

Sources:

[1] [title1] [url1] (Times, 2025/07/18)

[2] [title2] [url2] (Times, 2025/07/18)

[3] [title3] [url3] (Times, 2025/07/18)

[4] [title4] [url4] (Times, 2025/07/18)