Ripple CEO Brad Garlinghouse criticized Strategy's method of funding bitcoin purchases through issuing preferred shares, calling it unsustainable financial engineering that harms long-term value. Strategy's preferred shares dropped 25% below their $100 par value, and common shares hit multi-year lows amid declining bitcoin prices. Analysts recommend Strategy pause bitcoin buys and focus on cash reserves. Garlinghouse emphasized that true crypto value comes from practical utility, not complex financial tactics, highlighting risks in Strategy's approach.
XRP exchange-wallet balances decreased by 133 million XRP in the week leading up to October 31. Later that day, Ripple released 1 billion XRP from two escrow accounts, each releasing 500 million XRP as scheduled. Despite these movements, the exact am...
XRP is trading at $1.25 with little movement recently, down 18% in October and 66% from its all-time high. On November 1, up to 1 billion XRP tokens unlocked from escrow, but Ripple re-locked about 70% of released tokens last month, limiting market s...
Bitcoin held the largest open interest in crypto perpetual futures at $7.63 billion, with 70.5% of positions long and a positive funding rate of 0.0100% every eight hours. Ether's open interest rose to $5.41 billion but was the only asset with a nega...
After the FBI confirmed a $6.3 billion hack on Binance by North Korean hackers, the crypto market surprisingly held steady instead of crashing. Trader DonAlt, who predicted a major XRP rally in 2024, sees this reaction as a bullish sign similar to th...
XRP price remained steady near $1.24 after buyers defended the $1.23 support level, even as major exchanges Binance, Bybit, and Bithumb reduced their combined XRP reserves by 250 million tokens between October 28 and 30. Binance's reserves dropped 8....
