South Korean authorities arrested three suspects and sought a fugitive in a major XRP staking scam that defrauded 71 investors of 3.4 million XRP, valued at about $8.55 million. The fraudsters created a fake website mimicking the Flare Network, promising high, guaranteed returns to lure victims. Police quickly traced and froze stolen XRP wallets, recovering some assets and preventing further losses. This crackdown highlights rising crypto fraud risks amid growing XRP trading in South Korea, with authorities urging caution against guaranteed investment returns.
XRP has reached a critical resistance zone around $1.09-$1.10, failing to break above the 50-day and 100-day moving averages after a recent decline. The price is consolidating near $1.08, with sellers active and buying volume low, indicating weak mar...
Cryptocurrency markets experienced mixed price changes with Bitcoin trading slightly down at $64,488 and Ethereum also dipping to $1,915. Other notable coins like Binance Coin and Zcash saw modest gains, while several altcoins faced declines. These f...
XRP is trading at $1.08, down about 1% and 21% below its 200-day moving average. Price action is tight with mixed technical signals: MACD shows lost downtrend momentum, RSI is neutral, and stochastics hint at a short bounce. Open interest rose over 1...
Ethereum's long positions in coin-margined futures surged to 66.02%, a 5.47 percentage point increase, highlighting growing bullish leverage among top derivatives traders. This rise reflects existing traders increasing their exposure rather than new ...
Gerber, an Ohio-based investment adviser managing $592 million, recently acquired 12,958 shares of the Franklin XRP ETF, signaling growing institutional interest in XRP investment products. This move follows other firms increasing their XRP ETF holdi...
