XRP Open Interest Surges Amid Stablecoin Buzz and Bitcoin Mining Challenges

Host Christine Lee breaks down the news in the crypto industry from the surging open interest in XRP tokens to a JPMorgan's report on the falling bitcoin mining profitability.

"CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today, as open interest in XRP tokens have surged in the past few days amid the hype around Ripple Labs' forthcoming stablecoin RLUSD. Plus, a reorganization plan for bankrupt crypto exchange FTX has gained support from 94% of so-called FTX Dotcom customers and a JPMorgan report shows that bitcoin mining profitability fell for the third straight month.

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This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee, Jennifer Sanasie, Melissa Montañez and edited by Victor Chen.

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