News & Insights

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

1,000 crypto projects disappear! – How it could spark the next altseason

FTX, a once-prominent crypto exchange, has successfully completed its second round of creditor repayments, infusing the market with $5 billion. This significant financial activity comes amidst ongoing efforts to resolve the exchange's bankruptcy situation. Payments to eligible claimants are being facilitated through reputable platforms BitGo and Kraken, benefitting both U.S. and international stakeholders. While various phishing attempts were observed alongside the repayment process, the event has broader market implications, particularly stirring optimism in the altcoin sector.

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dogwifhat [WIF] sees 24% weekly loss – Is $0.709 the last support before…

WIF, also known by its ticker symbol dogwifhat, has suffered a considerable drop in its market performance, with a 23% decrease over a 24-hour period and a weekly loss tallying up to 24%. The decline in value is reflective of a broader lack of confidence among investors, who have been consistently selling off their WIF holdings, indicative of weakening investor sentiment towards the asset.

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Bitcoin’s decline isn’t chaos; it’s a calculated reset – Assessing why…

Bitcoin is currently facing a period of decline, characterized by a series of consecutive negative price movements, and market signals that present a complex and uncertain picture. Despite reaching a brief high of $110,000, the cryptocurrency experienced a sharp sell-off without the anticipated positive price action that might have followed a significant $2.5 billion investment by Trump Media.

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Bitcoin leads, altcoins lag – Analyzing if the trend is here to stay

Since the introduction of spot Bitcoin (BTC) Exchange-Traded Funds (ETFs), the disparity in liquidation behaviors between Bitcoin and altcoins has become clear. With the price appreciation of Bitcoin, there has been a surge of short sellers being forced out of the market, leading to $190 million more in short liquidations than long liquidations for Bitcoin, signifying a bullish sentiment.

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Cetus secures $160M after hack – What’s next in the recovery phase?

Around $160 million in assets compromised during the Cetus hack has been successfully retrieved and securely transferred to a multi-signature (multisig) wallet, marking a vital step in the path to recovery for the blockchain entity. This security measure comes after the community delivered an overwhelming consensus, approving the necessary actions for fund restitution.

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Sharpe Ratio 04:00, 01 Jun 2025

Bitcoin in ‘make or break’ zone – Trump Media hints at what’s next

Bitcoin's stability and moderate risk level, as indicated by its Sharpe Ratio, draw attention amidst a large-scale acquisition by Trump's Media team. The Sharpe Ratio, a measure used to understand the return of an investment compared to its risk, signaled a mid-range value as Bitcoin's price stabilized above $103K. Unlike the pronounced peaks in risk observed during Bitcoin's historic market tops in 2013, 2017, and 2021, the current reading suggested a controlled degree of risk and implied that the market was not in an overheated state, marked by extreme euphoria or speculative bubbles. Hence, the market appeared to be at a critical junction, where significant rallies or corrections might ensue, recalling past trends when similar Sharpe Ratio levels were observed.

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RSI 03:00, 01 Jun 2025

Mantra at $0.32 as whale exits intensify: Is OM at a turning point?

The digital asset known as Mantra (OM) has experienced a dramatic price drop, collapsing by 95% from its high in March. Once valued above $6, OM's price sharply fell to below $0.32. The cryptocurrency's substantial decline is attributed to a combination of market capitulation and a structural breakdown, which was symbolized by a prominent capitulation candle on price charts.

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India, Indonesia lead as crypto fraud rises 200% in Q1 2025 – Report

In a significant development in the cryptocurrency industry, MEXC, a crypto exchange, has reported a 200% increase in fraudulent trading activities in the first quarter of 2025. The alarming growth in deceitful transactions involves more than 80,000 fraud attempts linked to over 3,000 criminal syndicates that employ tactics such as market manipulation, wash trading, and the utilization of predatory trading bots to exploit the market and its participants.

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Shiba Inu risks 18% drop, but whales keep buying – What do they know?

Shiba Inu (SHIB), a well-known memecoin, encountered significant market volatility, with its value plummeting over 7.5% within 24 hours, bringing it close to a critical support level near $0.00001240. Amidst the price fluctuation, data from CoinGlass indicated that short positions accounted for $942K near the $0.00001306 mark, suggesting a dominant bearish sentiment as these positions greatly exceeded the long liquidations.

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Bitcoin 00:00, 01 Jun 2025

4 sell signals flash on Bitcoin – Are BTC bulls finally running out of gas?

Over the past week, Bitcoin has experienced a notable decline in its value, dropping from a recent high of $110K down to $103K, reflecting a 3.88% loss. This downturn in the cryptocurrency's price has triggered discussions among analysts about the future movements of Bitcoin's value.

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Bitcoin ETF 23:00, 31 May 2025

No altseason yet! Inside the growing rift between Bitcoin and altcoins

Since the launch of the Bitcoin ETF, the cryptocurrency market has experienced a significant divergence in the performance between Bitcoin and altcoins. Bitcoin has been steadily consolidating demand and breaking new highs, while altcoins have been caught in a relentless long squeeze, with nearly $1 billion in long liquidations hammering their market. Bitcoin's dominance (BTC.D) in the bull market has increased as it absorbs liquidity, diverting it away from other cryptocurrencies, making it difficult for even large-cap altcoins such as Ethereum (ETH), Solana (SOL), and Ripple (XRP) to perform well. These major players have failed to reach new highs or even surpass critical resistance levels as Bitcoin continues to outpace them.

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Bitcoin Exchange Reserves hit record low, but no one’s selling: What gives?

Bitcoin's status within the cryptocurrency market has reached a potentially pivotal moment, as the Exchange Reserves of Bitcoin have plummeted to a historic low of 2.2 million BTC. This decline is attributed to investors' increasing tendency to move their holdings out of centralized exchanges (CEXes) and into private, more secure cold storage solutions, a behavior typically indicative of a long-term investment strategy.

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Open Interest 20:00, 31 May 2025

PEPE drops 17% in 24 hours: Why more pain could follow

Pepe [PEPE], a memecoin, has witnessed a significant slump in market value, losing 17% within the last 24 hours. Despite a bullish run over the last month with an overall gain of 25%, the asset is currently facing increased selling pressure, indicating a possible further decrease in value. The market's sentiment is tilting towards a bearish outlook as sellers are progressively overpowering buyers in the market.

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Ethereum 19:00, 31 May 2025

Sharplink’s $1B Ethereum bet: How it can change the game for ETH

Ethereum (ETH) has been gaining traction in the financial world, particularly among institutional investors, who have started viewing it as a valuable asset separate from Bitcoin (BTC). ETH’s utility, stemming from its capability to execute smart contracts, has always set it apart on a fundamental level. However, until recently, its technical progress had still been following Bitcoin's lead to a large extent. This appears to be changing, as Ethereum begins to chart its own path independently.

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cryptocurrency 17:00, 31 May 2025

Bitcoin: Bank of England ‘on the brink’ on buying BTC, Michael Saylor claims

Reform UK, a political party in the United Kingdom, is championing a pro-cryptocurrency platform that includes significant reforms to the nation's crypto taxation and legislation. As part of its effort to adapt to the burgeoning digital asset space and attract a younger, tech-savvy demographic, the party has proposed reducing the capital gains tax levied on cryptocurrencies from 24% to a mere 10%. Furthermore, it has expressed an intention to allow citizens the option to pay their taxes using Bitcoin, an unprecedented move in the UK.

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Ethena just tumbled 19% – THIS zone may hold the key to ENA’s bounce

Ethena (ENA), a cryptocurrency, has seen a significant drop of 19% in value within a 24-hour period, reversing its prior gains and reaching a crucial support level near $0.30. This substantial decrease positions ENA as the highest loser among crypto tokens for the day. Though the drop has been abrupt, liquidity measures for ENA showed promise, with the total value locked (TVL) amounting to $5.426 billion and $722 million added in May, indicating continuous inflow despite the price turbulence.

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PEPE whales start to exit – Will this result in a 15% crash?

Pepe (PEPE), a meme-based cryptocurrency, is currently facing a significant downturn as the market exhibits bearish behavior. With a recent price plunge of 11%, there is speculation that the value of PEPE could continue to decline by an additional 15%, potentially reaching a level of $0.0000111. The crucial points to observe for any significant liquidations are set at a lower level of $0.00001259 and an upper level of $0.00001351.

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Sui validators approve fund recovery plan as Cetus revenue hits ATH

In a striking display of community governance, the Sui network has made a bold step towards rectifying the aftermath of a previous exploit that compromised user trust and network activity. An overwhelming 90.9% of Sui stakeholders gave their support in an on-chain vote for a crucial fund recovery proposal, led by the validators. The high percentage of affirmative votes meant the decision was reached ahead of schedule.

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Ethereum 01:00, 31 May 2025

Ethereum whales offload 684k tokens: How was ETH’s price affected?

Ethereum (ETH) has seen its price stability waver, predominantly trading within a tight range between $2,400 and $2,700 over the past three weeks. This period of relative stagnation has led to heightened impatience among holders, prompting a notable increase in selling activity, including among some of the largest, long-term investors, commonly referred to as "whales."

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Bitcoin eyes $113K, but why the breakout might lack substance

In the realm of Bitcoin (BTC), recent trends suggest a shift where long-term holders are playing a significant role, as new investors seem to be retreating. The BTC rally is showing signs of internal cycling as opposed to being driven by new inflows of capital. Data indicate that coins previously held for 6–12 months are now predominantly in circulation, while holders of coins over a year old are increasingly exiting their positions. Simultaneously, the presence of fresh investors holding coins for less than a month has declined significantly.

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TRX 23:00, 30 May 2025

TRON leads stablecoin settlements again: But why is THIS group exiting?

Tron (TRX) has been experiencing significant growth in its role as a major platform for USDT transactions, with monthly transfer volumes exceeding $500 billion continuously since November 2024. This impressive volume indicates a high level of trust from both institutional and retail participants in Tron's capacity to efficiently manage stablecoin operations. The network's introduction of a "Gas Free" feature, which allows transaction fees to be paid in USDT rather than TRX, has contributed to its increasing popularity and has facilitated the onboarding of new users.

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FARTCOIN drops 13% in 24 hours, loses May gains: Can it recover?

The digital asset known as FARTCOIN experienced a significant drop of 13% over a two-hour span, eliminating its progress from earlier in the month and sending the cryptocurrency back into its prior consolidation range. The sharp decline reflects a shift in community sentiment which has continued to slide, hinting at potential retail investor fatigue in the midst of persistent market fluctuations.

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RSI 21:00, 30 May 2025

NEIRO’s tug of war: Whales hoard 58mln, but why bears remain in charge

The cryptocurrency Neiro [NEIRO] experienced a significant decline, dropping 19% from a recent high of $0.0007 down to $0.0004661 over the course of a week. The price fall was even more dramatic within a single day, with a 14.1% decline. Interestingly, despite the general slump in value, there has been substantial activity from one or more cryptocurrency whales – entities that hold large amounts of a cryptocurrency. These whales were reported to have purchased a substantial amount of Neiro tokens. Specifically, 37.42 million tokens were moved out of Bybit, with an equivalent value of $3.08 million, and in the span of five days, whales accumulated a total of 58.3 million Neiro tokens, amounting to $4.64 million from exchanges Bybit and Gate.

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Bitcoin ETF 20:00, 30 May 2025

Bitcoin ETFs see $358 mln exit – First outflow after 10-day inflow streak ends

Recent trends in cryptocurrency funds have shown a noticeable shift in investor sentiment, with significant movements in both Bitcoin and Ethereum exchange-traded funds (ETFs). Particularly, after a substantial influx of capital into Bitcoin ETFs in the United States over a 10-day period, which amounted to over $4.26 billion, the streak was followed by a significant outflow of $346.8 million. This outflow represented the largest daily withdrawal since March 11, indicating that investor enthusiasm might be waning.

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Chainlink bleeds as whale offloads $11mln: What’s next for LINK?

A significant transaction by a crypto whale has contributed to the bearish trend in the Chainlink (LINK) market. The whale, operating from the address 0x33f7, sold a staggering 722,416 LINK tokens for a total of $11.11 million on the Binance platform. This sale exacerbated the ongoing price decline of LINK, reinforcing the bearish sentiment among investors.

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