Bitcoin & XRP Ledger

Bitcoin: Bitcoin experienced significant outflows from its ETFs and a price drop, indicating a bearish sentiment among institutional investors. Its price fell below $60,000, reaching a 21-month low.

XRP Ledger: XRP Ledger has traded relatively flat or experienced declines amidst the market downturn, with its recovery potential being limited compared to the projected returns of presale projects. Regulatory progress and new integrations are noted but do not significantly offset the current market sentiment.

Bitcoin: Bitcoin is one of the major cryptocurrencies supported by Kraken's new perpetual futures offering, allowing traders to speculate on its price movements within a regulated environment.

XRP Ledger: XRP Ledger is included in the initial suite of cryptocurrencies for Kraken's perpetual futures, offering regulated trading opportunities.

Bitcoin: Bitcoin's price briefly spiked following the Clarity Act's committee vote, indicating the market's positive reaction to potential regulatory clarity, though it later pulled back due to ETF outflows.

XRP Ledger: XRP Ledger is expected to benefit from the Clarity Act's passage, with projections of billions in ETF inflows. Its price has been volatile but could see recovery with regulatory clarity.

Bitcoin: Bitcoin is one of the cryptocurrencies for which Phemex reported its reserve ratio, showing 112.24% in July and 134.98% in June, indicating full backing.

XRP Ledger: XRP Ledger's reserve ratio was reported by Phemex as 147.34% in June, confirming full backing for this cryptocurrency.