Binance Cuts Base XRP Reward Rate on RLUSD Campaign as Santiment Reports Fearful Sentiment
Binance's base APR on its $800,000 RLUSD-to-XRP rewards fell to 5.98% on Oct. 16 while Santiment logged fearful social sentiment on bitcoin and XRP.
Why it matters
The two Binance reports describe the same campaign with different emphasis, and only Bitcoin.com News breaks out the rate mechanics: the 7.77% banner requires both a 1.2x balance multiplier and a 1.1x Simple Earn Flexible multiplier on the incremental amount, not the whole holding. Whether the yen stablecoin pilot touches XRP is an open question, since the consortium documents do not name Ripple. Separately, Nansen's supply figures put a supply-expansion explanation on the record for XRP's long-run underperformance, though that analysis reaches back to 2017-2018 rather than this week.
Where the sources disagree
XRP price level during the campaign
$1.4939 (Oct. 2), $1.3805 (Oct. 9), $1.3350 (Oct. 16)
Bitcoin.com News
$1.40 area proving difficult to reclaim
Bitcoin.com News
Bitcoin.com News tracks XRP falling from $1.4939 to $1.3350 between Oct. 2 and Oct. 16, while Santiment's Oct. 13 reading described $1.40 as difficult to reclaim, and U.Today did not publish a price.
Key facts
Santiment said XRP fell more than 9% over the past week with $1.40 proving difficult to reclaim.
9 %Disputed figureReported by Bitcoin.com News
Binance's base APR on the RLUSD-to-XRP campaign fell from 7.15% on Oct. 2 to 6.72% on Oct. 9 and 5.98% on Oct. 16.
5.98 %Reported by Bitcoin.com News
The headline 7.77% APR applies only to the 1.3x boosted tier of the campaign and requires both a 1.2x balance multiplier and a 1.1x Simple Earn Flexible multiplier on the incremental amount.
7.77 %Reported by Bitcoin.com News
Binance's XRP rewards campaign has a pool of $800,000 and runs from Sept. 25, 2026 00:00 UTC to Oct. 23, 2026 00:00 UTC, with weekly distributions each Friday by 18:00 UTC and a 0.01 RLUSD minimum holding.
800,000 USDReported by Bitcoin.com News
RLUSD supply sits near $2.43B and the campaign posts its final APR when it ends on Oct. 23.
2,430,000,000 USDReported by Bitcoin.com News
MUFG, Mizuho, SMBC, Mitsubishi UFJ Trust and TISI Inc. completed the first joint yen stablecoin trials under FSA supervision, settling cross-border trades for Mitsubishi Corporation with commercial launch planned before the end of the fiscal year.
Reported by U.Today
What happened
Santiment posted social sentiment readings on X on Oct. 13 showing bitcoin at 0.82 bullish comments per bearish one and XRP at 0.92 across X, Reddit and Telegram, with the firm noting that XRP had fallen more than 9% over the past week and that the $1.40 area was proving difficult to reclaim. Ether reached a ratio of 2.05, which Santiment put in FOMO territory. Separately, Bitcoin.com News reported that Binance's $800,000 XRP rewards campaign for holders of Ripple's RLUSD stablecoin has seen its base APR fall from 7.15% on Oct. 2 to 6.72% on Oct. 9 and 5.98% on Oct. 16, alongside XRP moving from $1.4939 to $1.3350, while U.Today and Bitcoin Insider both reported the $800,000 pool and a campaign running from Sept. 25 to Oct. 23, 2026. Bitcoin Insider noted that the headline rate of nearly 8% is a promotional figure and that individual returns depend on how funds are allocated. A third thread concerns Japan's MUFG, Mizuho and SMBC megabanks, which U.Today reported completed the first joint trials of a yen stablecoin under Financial Services Agency supervision, settling cross-border trades for Mitsubishi Corporation with commercial launch planned before the end of the fiscal year. U.Today wrote that Ripple is not named in the consortium documents, and that the connection to the XRP Ledger ecosystem is an interpretation drawn in the Japanese market rather than a stated fact. U.Today also relayed Nansen analyst Nicolai Sondergaard's figures that XRP circulating supply rose from 38.7 billion in 2017 to 63.1 billion while total market cap fell about 3%, though that record concerns XRP's longer-term lag against bitcoin and ether and dates to a January 2018 peak of $3.55.
How the story developed
- Update
Binance RLUSD campaign records second weekly base rate cut
Base APR moves from 7.15% to 6.72% as XRP is priced at $1.3805.
- Update
Santiment posts bearish sentiment readings for bitcoin and XRP
Ratios of 0.82 and 0.92 bullish comments per bearish one across X, Reddit and Telegram, with ether at 2.05.
- First report
First report by Bitcoin.com News
Bitcoin and XRP Sentiment Turn Fearful as Ethereum Draws Bullish Buzz
- Update
Binance base APR falls to 5.98%
Third consecutive weekly decline, with XRP at $1.3350.
- Official statement
Japan megabanks complete joint yen stablecoin trial
MUFG, Mizuho, SMBC, Mitsubishi UFJ Trust and TISI Inc. finish the FSA-supervised pilot settling cross-border trades for Mitsubishi Corporation.
- Resolution
Campaign ends with final APR to be announced
Binance posts the final week's rate when the campaign closes on Oct. 23, 2026 at 00:00 UTC.
- Update
Bitcoin Insider reports the promotional rate as declining over time
Describes the near-8% figure as a promotional rate and the $800,000 as an overall incentive pool rather than a per-user payout.
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 14 Oct 2026, 03:30 UTC: Bitcoin.com News, official — 1 independent source, 1 reports
- 16 Oct 2026, 14:19 UTC: Crypto News (CryptoNews.net) — 2 independent sources, 2 reports
- 16 Oct 2026, 14:22 UTC: U.Today — 3 independent sources, 3 reports
Affected entities
Also mentioned: Base, Japan, United States, Tether USDt, USD Coin, BNB, Avalanche
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Bitcoin.com News Company, official | Bitcoin and XRP Sentiment Turn Fearful as Ethereum Draws Bullish Buzz | Original | |
| Bitcoin.com News Company, official | Binance Offers Nearly 8% in XRP for RLUSD But the Base Rate Keeps Falling | Independent | |
| U.Today Crypto media | Japan Megabanks Test First Joint Yen Stablecoin: Where Does XRP Fit? | Syndicated | |
| U.Today Crypto media | Binance Announces $800,000 XRP Giveaway for RLUSD Users | Syndicated | |
| Crypto News (CryptoNews.net) Aggregator | Why is XRP Lagging Behind While Bitcoin and Ethereum Are Rising? Analysts List the Key Reasons! | Syndicated | |
| Bitcoin Insider Aggregator | Binance Offers Nearly 8% XRP Yield on RLUSD Deposits as Promotional Rate Declines | Syndicated |
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