crtypto & forex news

Ripple CEO Brad Garlinghouse has reaffirmed that XRP remains a top priority for the crypto firm even as it continues to expand its operations. This comes ahead of the XRP Community Day, when the firm is expected to make major announcements that could boost the token’s utility.  Ripple CEO Assures XRP Remains A Priority  In an X post , Garlinghouse stated that the XRP family has and always will be at the top of mind for Ripple. This came in response to a statement by community member Mr. Man, who criticized those who said that Ripple wasn’t true to their word with XRP as the bridge asset . He added that the vision has not changed and that the direction remains aligned.  The CEO stated in response that he is glad to see the message is finally clearer, as they consider XRP a priority. This aligns with Garlinghouse’s statement at the start of the year, in which he declared that XRP has been and will continue to be the heartbeat of their vision to enable the Internet of V...

Ethereum’s (ETH) latest price crash is triggering aggressive capital rotation from institutional investors positioning around perceived value zones. Fresh on-chain tracking shows large ETH purchases emerging immediately after the decline, reinforcing the view that deep-pocket players are treating the pullback as a discounted entry opportunity rather than a sign of structural weakness. Institutional Capital Steps In As Ethereum (ETH) Slides Blockchain monitoring data linked to Fundstrat analyst Tom Lee indicates that Bitmine executed another major Ethereum purchase directly following the market drop. The transaction involved 20K ETH valued at $41.08M, sourced from FalconX’s hot wallet tagged 0x115 and transferred into a Bitmine-associated wallet ending 0x3BF. The timing strengthens the signal behind the move. The transfer occurred roughly 41 minutes before it was flagged by the on-chain tracker, placing the acquisition right in the middle of the post-crash repricing window . ...

Changpeng “CZ” Zhao says his path to crypto wealth started far from trading floors or VC circuits in a Shanghai poker game where a friend told him to take Bitcoin seriously, and a second friend urged him to bet a meaningful slice of his net worth on it. Binance Founder On His Bitcoin Origin Story By Zhao’s account in an interview with the All-In podcast, he first encountered Bitcoin in mid-2013, while he was still a junior partner at a Shanghai-based software and services firm. “One of my friends tells me, ‘Look, you got to look at this thing called Bitcoin,’” Zhao said. “It took me about roughly six months to fully understand it… back then there was the Bitcoin talk forum and then that’s pretty much it.” That friend, the Binance founder said, was Ron Tao, then a venture capitalist in China, who brought the topic up during a recurring, small-stakes poker game between entrepreneurs and investors. The pitch gained weight quickly when Zhao met Bobby Lee, who was preparing to leave Wal...

Ethereum’s price has managed to hold above the $2,000 even as heightened volatility persists in the market. During the recent pullback, investors’ sentiment appears to be slowly leaning toward a bullish outlook, which is primarily indicated by the notable ETH withdrawals from crypto exchanges, matching key past levels. Exchanges Are Seeing Massive Ethereum Withdrawals  Following the sharp pullback in price, Ethereum’s on-chain supply dynamics have now reached a striking milestone. This milestone is taking place on the ETH exchange reserves, which have experienced one of their steepest drop in years. In a post on the social media platform X, CryptoRus revealed that the ETH supply on crypto exchanges has fallen back to levels last seen in mid-2016. “That’s wild when you think about how much bigger the ecosystem is today,” CryptoRus added. The significant decline in ETH on centralized platforms indicates that, instead of having their coins easily accessible for sale, more invest...

XRP’s price action took a bearish turn last week, but not everyone is viewing the decline as a negative development. A technical outlook shared by crypto analyst Diana asserts that the current move may represent a decisive moment in XRP’s broader market structure. According to the technical outlook, the ongoing selloff is now in a final shakeout zone , which is creating a deep undervaluation before expansion. XRP Is In A Shakeout Phase Technical analysis of XRP’s price action shows that the cryptocurrency is currently behaving exactly as it tends to during periods when market sentiment turns excessively pessimistic. Price is moving lower even as fundamentals continue to strengthen in the background, a divergence that historically preceded deep undervaluation phases.  In terms of a structural perspective, XRP is trading inside a bearish corrective channel. These moves usually end with a liquidity sweep that is designed to force weak holders out of their positions. According t...

Sam Bankman‑Fried, the co-founder and former chief executive of collapsed cryptocurrency exchange FTX, has filed a request for a new trial in New York on Tuesday, arguing that fresh witness testimony could undermine the government’s case against him.  Bid To Revive FTX Trial As reported by Bloomberg, the motion, dated February 5 and entered into the docket on Tuesday in Manhattan federal court, was submitted pro se, meaning Bankman‑Fried is acting on his own behalf rather than through legal counsel.  In the filing, Bankman‑Fried contends that testimony from new witnesses could challenge key aspects of the prosecution’s narrative and potentially cast doubt on the verdict. He argues that this evidence was not previously presented and could materially affect the outcome of the case.  The motion does not replace his ongoing appeal but represents an additional attempt to reopen the proceedings. The request follows comments Bankman‑Fried made earlier on Tuesday on social ...

Since the broader cryptocurrency market correction began, the price of Cardano (ADA) has steadily declined, reaching as low as $0.22. While prices are experiencing a steady downward trend, Cardano is starting to see a drop in multiple critical areas, such as its derivatives market, as Open Interest declines. Derivatives Cool Off As Cardano Open Interest Plunges Cardano ’s ongoing decline has intensified and is beginning to reflect on its derivatives market as its Open Interest (OI) undergoes a sharp decrease. Its open interest has collapsed following a sudden unwind of leveraged positions, as shown in a report from Joao Wedson, a market expert and founder of Alphractal. The sharp drop implies that traders have been driven out or have closed positions due to increased volatility, flushing out speculative exposure. By removing extra leverage from the system, these resets frequently signal a move away from overheated situations. According to the expert, ADA open interest fell from a...