XRP futures activity rose to its highest level since October after a cooler-than-expected U.S. Consumer Price Index report, signaling that crypto traders were positioning for increased volatility as broader risk appetite improved. In early European trading, Nasdaq 100 futures rose more than 1%, S&P 500 futures gained about 0.8% and Dow Jones futures climbed roughly 200 points as Treasury yields fell and investors shifted their attention to U.S. producer price index data due later Thursday for further guidance on whether the Federal Reserve can leave rates unchanged. Oil prices fell even as the U.S. and Iran appeared stuck over reopening the Strait of Hormuz or moving toward peace talks; President Trump said the waterway is open and that the U.S. controls it, but traffic remained subdued.