RLUSD Loans Are Now Live and XRP Turns 14 Years Old

Hey Lantern Community,

May closed with Bitcoin's first monthly loss in three months. We also just shipped a big feature.

A lot moved. Here's what matters. We’ll get into it all in today’s letter.

But first, a brief market update.

Lantern update: RLUSD loans are now live

RLUSD is now available as a loan payout option alongside USDC.

Receiving RLUSD is the same process. You pick your stablecoin at the payout step. RLUSD is available on both the Ethereum network and XRPL.

One thing to note: paying interest or principal in RLUSD isn't supported yet. That's coming soon.

Learn more here: https://lantern.finance/blog/rlusd-loans-are-now-live

Bitcoin closed May down 3.58%

Bitcoin had its first monthly loss in three months. Ether did worse, falling 11.2% over the same period.

Spot bitcoin ETFs recorded $2.35 billion in net outflows for May, reversing April's $2 billion in inflows. Spot ether ETFs added another $494 million in outflows.

Selling pressure came from multiple directions. MicroStrategy sold 32 BTC this week, its first sale in years, and analysts pointed to it as a contributing factor in the selloff.

BTC is now trading around $66,500, sitting well below the 200-day EMA at $80,700. The $60,000-$62,000 zone is the key support level to watch. That range attracted strong buying earlier this year. If it holds again, a relief bounce is possible. If BTC closes a daily candle below $60,000, the picture changes.

The trend is still bearish. But the risk/reward is starting to look more interesting the closer we get to that support zone.

The XRP Ledger just turned 14

Ripple CEO Brad Garlinghouse and CTO Emeritus David Schwartz both marked the anniversary on X this week.

Since launch, the network has processed over 4.41 billion transactions, including roughly 1.92 million in a single recent day.

14 years in crypto is a long time. Most networks don't make it past 3.

May was a tough month across the board. Iran talks collapsed, Bitcoin posted its first monthly loss in three months, and the macro headwinds aren't clearing overnight.

But the CLARITY Act is moving, the XRP Ledger just hit 14 years, and RLUSD is live on Lantern. The pieces are still moving in the right direction

Receive your loan payout in RLUSD here: https://lantern.finance/dashboard/loans

Until next time,

The Lantern Team

This newsletter is for educational purposes only and does not constitute financial advice. Always consult with your financial advisor before making lending decisions.