News & Insights

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

Inside the Coinbase hack: 1% of users hit, $400 mln liability looms 

Coinbase, a leading cryptocurrency exchange, recently confirmed a security breach affecting roughly 1% of its customers. Despite the breach, the company assured their users that their funds were secure and that they would compensate affected customers accordingly. Coinbase cited the incident's cause as "rogue overseas support agents," who were alleged to have colluded with cybercriminals to collect user data, which was then used in social engineering attacks against the customers. The data accessed by the criminals included contact details such as customer IDs, emails, and phone numbers, as well as account balances. However, the criminals did not get access to the private keys or the hot and cold wallets of the affected users.

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Ripple Clarifies XRP Ruling Remains Intact After Court Denies Motion on Cross-Appeal

Stuart Alderoty, the Chief Legal Officer of Ripple, has maintained a confident stance on the legal status of XRP, underscoring that its classification as not a security remains untouched despite a recent court setback. This assurance followed U.S. District Judge Analisa Torres' decision to reject a joint request by Ripple Labs and the Securities and Exchange Commission (SEC) for an indicative ruling that sought to undo an injunction and lessen a substantial $125 million civil penalty linked to charges of securities law infringements by Ripple.

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Dogecoin’s 14% drop could be its biggest bear trap yet – Here’s why

Dogecoin (DOGE), a popular memecoin, has recently experienced a significant drop in value, which could potentially mark the coin as a high-volatility option for short-term traders. After climbing to a three-month peak price, it sustained nearly a 14% loss in value in under a week, leading to a flurry of interest from traders looking for opportunities during its downturn.

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Stablecoins sparks debate: Is the GENIUS Act ’embracing crypto’ or ‘imposing order’?

The U.S. Senate is taking a significant step forward in regulating stablecoins with the upcoming cloture vote on the GENIUS Act, scheduled for the 19th of May. This legislative move comes after a period of uncertainty and repeated postponements and represents a pivotal development in the U.S. approach to stablecoin oversight.

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SUI DEX activity surges 89% – But why are traders still hesitant?

Sui's decentralized exchange (DEX) volume has surged to $90.79 billion, marking an 89.88% increase since the beginning of the year. Cetus Protocol is the powerhouse behind this growth, claiming 58.83% of the total volume. Despite a recent 5.36% daily dip in SUI's price, which was at $3.72 at last check, on-chain activity and engagement within its ecosystem remain robust.

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BONK bloodbath sparks $4 mln cold storage move – What’s going on?

BONK, a cryptocurrency token, experienced a significant 10% decrease in value over the past 24 hours, with its price dropping to $0.00002208. The decline was part of a larger pullback in the crypto market, yet it was exacerbated by profit-taking among traders. The Open Interest for BONK, which is an indicator of the total number of outstanding derivative contracts that have yet to be settled, fell sharply by 20% to $27.8 million, indicating a substantial number of liquidations. Liquidation data revealed that positions amounting to $95,370 were closed in the market, with long traders suffering the largest proportion of these losses, totaling $74,230.

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Ripple Labs 08:15, 16 May 2025

Ripple-SEC lawsuit: No end in sight? Judge Torres denies key request

The legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) encountered a recent hiccup. In an unexpected move, Judge Analisa Torres rejected a joint request by both parties for an indicative ruling, pointing out procedural improprieties. Her statement implied that even if the court had jurisdiction, she would still deem the motion inappropriate.

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Monero: Will an 82% rally in 40 days help XMR reach $489?

Monero (XMR), a cryptocurrency known for its privacy features, has been exhibiting a strongly positive trend on price charts with an 82% rally since April 7th. Observations indicate that Monero has shown significant price strength over extended periods, suggesting a bullish outlook for the long term. Notably, a pattern of breakout and consolidation has been seen, underpinning the asset’s robust performance through time.

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Solana faces major battle at $180 resistance: Can SOL rewrite history?

Solana (SOL) has begun to show promising bullish signs after experiencing prolonged periods of capital outflows, according to recent on-chain data analysis. In particular, SOL's 30-day Realized Cap inflows, which measure the average price at which all tokens were last transacted, have turned positive. This indicator is now witnessing an increase in the range of 4-5%. This development is considered significant as positive Realized Cap inflows are typically indicative of a revitalization in demand and interest, which are critical factors for sustainable price increases over the long term.

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ONDO: How the $1 support will determine its next move

Ondo, a cryptocurrency represented by the symbol ONDO, has recently been undergoing a noticeable uptrend. Breaking out of a descending channel in April, it has shown a pattern of increasing highs and lows over the past month. However, there has been a presence of worrying signs for investors. Despite its rally, the Chaikin Money Flow (CMF) was stubbornly below the +0.05 level, indicating persistent capital outflows and once again plunging below the -0.05 mark. This has been combined with relatively low trading volume since the channel breakout.

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Top 7 Reasons Ripple Likely Wants XRP to Hit New Highs

Ripple currently holds a significant amount of XRP, approximately 42.5 billion tokens, making the growth of XRP's price crucial to the company's financial strategy and overall survival. The rise in XRP value is important for enhancing liquidity, gaining investor trust, and giving Ripple a competitive advantage over traditional payment networks, such as SWIFT and Stellar.

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NFTs rise 69%, hit new $4.8B high: What’s driving the 2025 surge?

In 2025, the NFT (non-fungible token) market cap has reached an impressive $4.8 billion, with a significant part of this growth being attributed to enhanced utility, the gaming sector, and the integration of NFTs into real-world applications. Notable examples fostering this surge in NFT adoption include play-to-earn games such as Axie Infinity and Gods Unchained. As the market recovers from the economic impacts of tariffs implemented during the Trump administration, the cryptocurrency sector is experiencing renewed vigor, particularly in the realm of NFTs.

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BRETT drops 10% in 24 hours: Is a dip to $0.063 next?

BRETT, a memecoin represented by its market ticker [BRETT], has exhibited a bullish trend on the daily chart recently but faced a downward shift in momentum over the past few days. It has undergone a significant 10% price decrease within the last 24-hour trading period, accompanied by a notable 37% drop in its trading volume.

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Four Powerful Upgrades Coming to XRP Ledger—Full Breakdown

The XRP Ledger is on the cusp of major technological advancements with four upgrades currently in the pipeline, seeking ratification through the platform's amendment process. To adopt an amendment, it must secure over 80% backing from the validators for two consecutive weeks, cementing changes permanently into the ledger's operations.

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ETH 05:00, 16 May 2025

Blockchain-focused BTCS Inc. to raise $57.8M for Ethereum buys – Impact on ETH?

BTCS Inc., a company immersed in blockchain technology and operations, is embarking on a significant financial endeavor to bolster its Ethereum (ETH) investments and validator operations. The company plans to secure $57.8 million in funding through a method similar to that famously utilized by Michael Saylor with his company, formerly known as MicroStrategy. This capital will be raised via debt, using a convertible note that allows the company to strategically increase its ETH holdings.

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Dogecoin active addresses spike 15x, but why isn’t DOGE responding?

Dogecoin (DOGE), a popular cryptocurrency, has experienced a significant increase in on-chain activity, with the number of active addresses rising fifteenfold. This surge in active addresses could indicate a growing interest in the cryptocurrency or could point to ongoing large-scale distribution events. Despite on-chain indications of heightened activity and interest, DOGE has struggled to sustain an upward price trajectory, facing resistance at the $0.24 mark.

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Rising wedge pattern 02:00, 16 May 2025

Helium: If THIS level holds, HNT could move past $4.45, unless…

The cryptocurrency Helium (HNT) has shown a moderate increase of 1.68% over the past 24 hours, a gain that has eclipsed the performance of other top 100 cryptocurrencies during the same timeframe. On the technical analysis front, HNT is trading within a significant rising wedge pattern as observed on the 4-hour chart, with the apex of the wedge near the $4.45 price level. At the time of the analysis, HNT was valued at approximately $3.967.

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Lido whales dump $10 mln tokens — But that’s not LDO’s only problem

Lido DAO Token (LDO) has experienced a significant bearish trend due to whale-linked deposits and a decline in user activity. A wallet associated with DeFiance Capital transferred 9.3 million LDO tokens to various major exchanges, which is commonly viewed as a precursor to a sell-off, particularly during periods when prices are dropping. At present, LDO's value has decreased by 10.37%, with it presently trading at $1.01, triggering concerns about further losses.

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Cardano: Analyzing how ADA’s rally hinges on this ONE condition

Cardano (ADA) has recently experienced a drop of 5.70%, trading at $0.7709 following a breakout from a falling wedge pattern on its 3-day chart. Although retail investors continue to display a strong long bias towards ADA, with 89.56% of Binance accounts holding long positions compared to only 10.44% holding shorts, the short-term decline in trading activity seems to be limiting the strength of the breakout.

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Ripple: THESE overvaluation signs demand XRP traders’ attention – Why?

XRP, the digital currency used by the Ripple network, has seen its price dip by 4.74% to $2.47, retreating from resistance near the $2.66 Fibonacci level. Despite an upswing of investor optimism since early May and bullish sentiment among the crowd and smart money, recent on-chain data and technical analyses indicate potential risks and challenges ahead.

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BTC Reserve Ratio 22:00, 15 May 2025

Binance holds 102% BTC reserves for 30 straight months – Snapshot reveals

In response to the growing demand for transparency following the high-profile collapses of FTX and other cryptocurrency entities, Binance, the world's largest crypto exchange by trading volume, has been consistently demonstrating its financial health through monthly proof-of-reserve updates. Data compiled by CryptoQuant indicates that Binance has maintained over 100% in Bitcoin Reserve Ratio for 30 months straight, holding 616,886 BTC against customer net balances of 604,410 BTC, resulting in a 102% reserve ratio. This is comprised of 603,374 BTC in Binance’s exchange wallets, and the remainder held by third-party custodians.

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Pi Network 21:00, 15 May 2025

Why Pi Network’s $100 mln move did not reflect on PI’s price

Pi Network, a cryptocurrency project that gained traction through its mobile mining app, offering future utility for its users, has recently launched a $100 million venture fund, Pi Network Ventures. This move is an attempt to foster real-world use of its native PI token and is seen as a significant step towards breaking away from its reputation as a closed and insular ecosystem. The Pi Foundation is dedicating 10% of the total PI coin supply to support this initiative and aims to direct investment towards startups in different stages—early to Series B—in industries like artificial intelligence (AI), financial technology (fintech), ecommerce, and consumer applications.

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Bitcoin 20:00, 15 May 2025

Peter Schiff admits ‘Bitcoin has a use case’ – But it’s not what you expect

In an unexpected twist of events, the known Bitcoin critic Peter Schiff has acknowledged what he considers to be Bitcoin’s “first real use case” in a satirical manner. Although Schiff is famously critical of Bitcoin's utility, he indicated a change in his stance on social media, where he playfully admitted he might have been wrong about the digital currency. His comments were directed at investment manager Jim Chanos, who has reportedly used Bitcoin to hedge a short position in MicroStrategy (MSTR) stock. MicroStrategy, led by Executive Chairman Michael Saylor, has accumulated close to 570,000 BTC, making its stock a highly leveraged bet on the value of Bitcoin. Schiff pointed out the irony in the situation, as MicroStrategy's aggressive Bitcoin position was not intended to become a hedge for short sellers.

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Ripple Meets UAE Leaders to Advance Blockchain Payment Solutions

Ripple, the blockchain-based payment solutions company, is set to significantly enhance cross-border payment operations within the United Arab Emirates (UAE) after receiving approval from the Dubai Financial Services Authority (DFSA) in March. This development is expected to impact a substantial financial pathway in the UAE, an economy where around $400 billion is transacted for such payments. Ripple has identified this move as a strategic expansion into the Middle East and sees it as integral to cementing its role in the region's burgeoning digital economy.

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Retail investors are back — Can Bitcoin hit a new all-time high?

Bitcoin (BTC) has seen a recent drop in price, slipping by 1.48% to $102,156, indicating a potential cooling of market momentum. Despite this drop, there is an increase in retail investor participation, as demonstrated by rising social engagement metrics. Indications from social volume and sentiment suggest that there is a renewed interest from smaller market participants looking to take risks, proposing a regaining of confidence within the retail sector.

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