News & Insights

Stay updated with the latest developments from the XRP Echo validator, token governance, and the broader XRPL ecosystem.

Jupiter’s $19M buyback program fails to help JUP’s price – What’s next? 

Jupiter's ambitious $100 million annual buyback program has been in action since its announcement in February. The effort, aimed to stimulate demand and potentially increase the price of Jupiter’s token (JUP), has already expended $19 million on the repurchase of JUP. Despite this considerable investment, the price of JUP has not experienced the uptrend that many had anticipated. A recent transaction point has the token at 15% below the average price of $0.50 at which the buyback program has been conducted.

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OP price prediction – Look out for THIS support level as ‘dominant’ sellers fuel losses

The cryptocurrency Optimism (OP) has faced a significant decline in value, losing 29% over a span of ten days and negating the gains it accumulated from April 9 to April 26. At the time under review, the market was controlled by sellers, and there were indications of potential further losses for the digital asset.

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Why FLOKI traders can expect a ‘bullish price reaction’ from this demand zone

FLOKI, a meme-inspired cryptocurrency, has recently faced a notable fluctuation in its market performance. The coin managed to reach its previous highs from early March but failed to break through that resistance level. By the end of April, FLOKI experienced a 20.9% dip in value from its peak price of $0.0000949, a potentially worrying sign for investors.

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BTC 04:00, 08 May 2025

Bitcoin jumps as U.S.-China meeting sparks market optimism – What’s next?

Bitcoin experienced a brief price surge, touching $97,000 in anticipation of the talks between the United States and China, set to take place in Switzerland. The discussions aim to address the trade disputes between the two nations which have led to increased tariffs and subsequent market instability, affecting cryptocurrencies like Bitcoin. A statement from the U.S. Treasury Department mentioned that during the visit in Switzerland, U.S. Treasury Secretary Scott Bessent would meet with the lead representative on economic affairs from China, marking the first attempt to negotiate on the tariffs that existed between the two countries.

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Bitcoin 03:00, 08 May 2025

‘One reason why I trust Bitcoin is…’ Robert Kiyosaki’s backing vs. Peter Schiff’s ‘breakout’ calls

In the ongoing discourse on the value and reliability of different investment assets, the debate between supporters of Bitcoin and gold recently gained further attention. Robert Kiyosaki, the author of "Rich Dad Poor Dad," is championing Bitcoin over traditional assets like gold and silver. Kiyosaki's endorsement of Bitcoin is rooted in its scarcity, due to the cryptocurrency's fixed supply of 21 million coins. He argues that this inherent limitation shields Bitcoin from inflationary pressures, as opposed to commodities like gold, silver, or oil, whose supplies can increase if prices rise and production ramps up.

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Solana: Decoding impact of $17.55M whale move on SOL prices

In the volatile climate of the cryptocurrency market, a significant movement was observed when a crypto whale unstaked a lofty sum of 120,197 SOL (Solana's native token) and moved the assets to the exchange Binance. This transfer, amounting to $17.55 million, might suggest a bearish outlook for Solana, as such actions often precede a sell-off, which can exert downward pressure on the token's price in the short term.

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Bitcoin network activity drops to bear market levels – Red flag or buy signal?

Bitcoin (BTC) has been showing signs of a bear market since December 2024, as network activity—including transaction activity and daily active addresses—has slowed down, a pattern not unprecedented during bearish phases or notable events like the 2021 China ban. In the midst of this downturn, Bitcoin has been trading at approximately $96,998.87, experiencing a marginal increase.

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XRP Price Analysis: Will It Reach $4 In May 2025?

XRP, the native cryptocurrency of Ripple, confronted a bleak start to the month of May following a modest recovery in April. Despite investors' anticipation for the asset to rally, XRP has been struggling to exit its bearish momentum. The emphasis now lies on the cryptocurrency's ability to maintain critical support levels to surpass upcoming resistance points.

ripplecoinnews.com
Utility 22:00, 07 May 2025

Ripple – Utility vs. sell offs: Assessing if XRP can breach $2.26

XRP, the native cryptocurrency on the Ripple network, has proven its real-world utility in various capacities, from mitigating network spam to functioning as a bridge asset for international money transfers. Despite its evident applicability in real-world scenarios, XRP hasn't been immune to the challenges the market poses, particularly sell-offs that have seen the token drop close to 8% over the course of a week.

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Whales Purchase XRP Worth $1.8B In 30 Days In Spite Of Weak Price Performance

In recent times, the cryptocurrency XRP, ranking fourth in terms of market capitalization, has experienced significant volatility. Following a recovery in its price value in the previous month, XRP encountered a downtrend during the first week of May. Despite this dip, large-scale investors, commonly referred to as "whales," have shown a marked interest in acquiring XRP. Data from Glassnode indicates that within a span of thirty days, whales have acquired XRP to the tune of $1.8 billion. This accumulation comes amid the coin's lackluster performance, indicating that these investors see potential for growth or are aiming to exert influence over the market by holding substantial amounts of XRP.

ripplecoinnews.com
RSI 20:00, 07 May 2025

Cardano gains traction: ADA bulls eye $0.80 resistance next

Cardano (ADA) has experienced a notable surge, with its price rising by nearly 3% within a 24-hour period. This uptick is not seen as a mere fluctuation but rather as an indication of a potential larger rally brewing for the cryptocurrency. At the time of the report, ADA was trading close to a pivotal support level at $0.68. A contributing factor to the positive momentum is the Relative Strength Index (RSI), which was showing signs of being oversold. This is typically interpreted as a signal for a possible price reversal, and for ADA, this is manifesting as a growing confidence among buyers that may push the price further upward.

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Ethereum 19:00, 07 May 2025

Ethereum’s price at risk – Why $1,815 support is key for ETH’s next move

A prominent Ethereum whale has recently concluded a 1.6-year period of accumulation by depositing a final 3,232 ETH (valued at approximately $5.72 million) into the Kraken exchange. Over the accumulation phase, the whale had acquired a total of 10,564 ETH at a cost of $21.78 million, and sold it for $29.49 million, realizing a profit of around $7.6 million. At the time of this event, Ethereum was experiencing a slight uptick in price, trading at $1,832.73, with a 1.44% increase over the last 24 hours.

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VIRTUAL whales now hold 93% supply – Will this trigger a major market shakeup?

In a significant market movement, the Virtual Protocol (VIRTUAL) experienced a steep loss of 13.95% within a 24-hour period, leading the market downturns. Market analysts remain cautious, indicating the possibility of further declines, while still acknowledging the potential for a short-term rally.

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How the stablecoin economy skyrocketed to $240B – With Ethereum at its core

Ethereum has established itself as a central platform within the stablecoin sector, with a remarkable growth in market capitalization from a modest $124,500 in January 2018 to a staggering $124.5 billion by May 2025. This significant increase mirrors the overall ascent of Ethereum's total stablecoin supply which has peaked at $132.4 billion, indicating a robust undercurrent of growth within its ecosystem.

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Bitcoin (BTC) 15:00, 07 May 2025

Bitcoin Reserve law passed in New Hampshire: Will other states follow?

New Hampshire has taken a pioneering step in the world of cryptocurrency by passing a law that allows the state to earmark a portion of its reserve funds for investment in Bitcoin (BTC) and other digital assets. Governor Kelly Ayotte announced the groundbreaking legislation, making New Hampshire the first state in the U.S. to make such a legislative move. The governor expressed pride in the state's innovative approach by stating, "New Hampshire is once again the first in the Nation! Just signed a new law allowing our state to invest in cryptocurrency and precious metals."

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Account Abstraction 14:00, 07 May 2025

Ethereum Pectra goes live: Impact on developers, users, and ETH’s future

Ethereum has launched its Pectra upgrade, marking its most significant development since The Merge. This upgrade brings about critical enhancements to various aspects of the Ethereum network, focusing on user experience (UX), scalability, and validator economics. The improvements are anticipated to set the stage for a faster and more user-friendly blockchain, with considerable benefits for both developers and users.

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Bitcoin: 3,400 wallets dump BTC, but whales have other plans – Why?

In recent market developments, Bitcoin has experienced a noticeable shift in holding patterns, with so-called "whale wallets" accumulating an additional 81,338 BTC during a period of intensified retail investor panic. This activity took place over the previous six weeks, marking a 0.61% increase in these large holders' Bitcoin assets, while smaller wallets demonstrated a contrasting trend by selling off around 290 BTC, which equates to a 0.60% decrease in their holdings.

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Japan’s Metaplanet goes all in on Bitcoin – Raises $25M after latest 555 BTC purchase

In recent months, the Japanese firm Metaplanet has shown a strong institutional interest in Bitcoin by consistently increasing its investments in the cryptocurrency. The company's aggressive Bitcoin purchasing strategy reflects its commitment to carve out a significant position within the digital asset market. Metaplanet has recently added 555 Bitcoin to its already substantial holdings at an average price of $96,134 per Bitcoin, an investment worth $53.4 million. This purchase brings the company's total Bitcoin holdings to 5,555 BTC, with an approximate value of $465 million, and an average purchase price of $86,672 per Bitcoin.

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NEAR ETF in the making: What can investors learn from Bitwise’s S-1 filing?

Bitwise, a major player in the cryptocurrency investment space, is advancing its efforts to expand its range of crypto-based Exchange-Traded Funds (ETFs) with a new filing for a NEAR Protocol ETF. This filing with the U.S. Securities and Exchange Commission (SEC) is an important forward step for Bitwise, indicating the company's commitment to launching the fund that will reflect the market performance of NEAR, a cryptocurrency that focuses on solving the blockchain trilemma of scalability, security, and decentralization. The approval of such an ETF would provide investors with regulated access to NEAR's price movements and could potentially lead to increased demand and greater awareness of Near Protocol in the digital asset markets.

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Bitwise CIO warns: Risky crypto summer ahead if U.S. ‘fumbles’ key legislations

Matt Hougan, the Chief Investment Officer (CIO) of Bitwise, has expressed concerns about the potential adverse impact on cryptocurrencies, especially altcoins, if the U.S. Congress does not pass significant crypto-related bills expected for consideration in the upcoming months. Hougan believes the failure to pass legislation aimed at regulating stablecoins and establishing a market structure for cryptocurrencies could lead to a challenging period for the digital asset industry, particularly throughout the summer for assets other than Bitcoin.

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FOMC decision or not, Bitcoin may rally anyway – Here’s why

As the Federal Open Market Committee (FOMC) meeting approached, Bitcoin demonstrated notable resilience, outpacing both gold and the stock market, indicating its growing appeal as a potential safe-haven asset. Bitcoin's performance—exceeding that of both traditional assets despite the market's anticipation of Federal Reserve Chair Jerome Powell's policy update—suggests that investors have been increasingly viewing it as a viable option in times of economic uncertainty.

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Raydium slides 27%, breakout delayed: THESE levels will set RAY’s next move

Raydium (RAY), a cryptocurrency asset, has experienced a significant price drop of 27% over the last nine days, leading it to retest a known local demand zone. Investors and traders are now closely watching the asset as they anticipate a bullish rebound. However, there is a cautionary note regarding potential short-term volatility in the $2-$2.1 price range.

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IBIT acquires 5,613 BTC worth $530M in one day – Details and effects!

The iShares Bitcoin Trust (IBIT), managed by asset giant BlackRock, has demonstrated a significant indication of institutional interest in Bitcoin by recording 15 consecutive days of inflows. This suggests that despite previous periods of volatility, there is a strong and renewed confidence among institutional investors in Bitcoin's potential. During one striking instance on May 5, BlackRock acquired a noteworthy amount of Bitcoin, with a valuation at that time of approximately $530 million. Such aggressive investment moves have helped BlackRock to solidify its position within the cryptocurrency Exchange-Traded Fund (ETF) market.

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Bittensor [TAO] bulls defend $336 support, eye $373 – Here’s why

In recent market activity, Bittensor has displayed resilience and a bullish market structure despite facing potential resistance and the impact of Bitcoin's fluctuations. Over ten days, Bittensor's price held strong, particularly maintaining support at $336 and testing resistance at $373.

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XRP 06:30, 07 May 2025

Ripple revamps XRP markets report as institutional demand surges, ETFs gain steam

In the first quarter of 2025, XRP showcased an exceptional performance which surpassed that of its more prominent competitors like Bitcoin (BTC) and Ethereum (ETH). This impressive trend followed a withdrawal of the SEC’s appeal against Ripple, creating a more favorable regulatory climate for the cryptocurrency.

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