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Ripple’s escrow program is designed to release up to 1 billion XRP on the first day of each month, a cadence Ripple established in 2017 by locking 55 billion XRP into 55 on-ledger escrows. Any unused portion is typically re-escrowed to future months, which is why the effective net supply added tends to be far less than 1 billion.  August was the anomaly that sparked speculation: the usual August 1 release didn’t appear on-chain immediately, and community trackers briefly wondered if Ripple had paused unlocks. That chatter ended on August 9 when Whale Alert flagged three escrow releases (500M, 100M, 400M XRP) in quick succession.  Several outlets summarized the delayed trigger and noted that most of the unlocked XRP was promptly re-escrowed, consistent with past practice.  Escrow balances after the August activity sat in the mid-30B range; reports that cited XRPScan put the figure at roughly 35.6 billion XRP remaining in escrow following the delayed unlock. Tha...

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The cryptocurrency market has taken a sharp hit, shedding over $150 billion in value, with major assets like Bitcoin (BTC) leading the downturn. As of press time, the total market capitalization stood at $3.23 trillion, down from $3.39 trillion just 24 hours earlier, reflecting a $160 billion loss.  Total cryptocurrency market cap 30-day chart. Source: CoinMarketCap The drop appears to be driven by escalating geopolitical tensions in the Middle East, which have rattled global markets. At the center of the sell-off, Bitcoin fell below the crucial $104,000 level. At the time of reporting, it was trading at $103,895, down nearly 4% on the day and 2% over the past week. Bitcoin seven-day price chart. Source: Finbold Just days earlier, Bitcoin had been pushing to reclaim the $105,000 resistance zone, a key level that could have paved the way toward a new all-time high above $110,000.  However, a wave of profit-taking appears to have added downward p...

Tesla Bitcoin holdings have reached a significant milestone as the company’s SEC filing reveals the ownership of a whopping 11,509 BTC, valued at over $1 billion right now. The electric vehicle manufacturer’s crypto investments show a remarkable profit growth while Bitcoin is feeling the effects of market volatility, with a reported $589 million unrealized gain under new accounting standards. These Tesla Bitcoin holdings represent one of the largest corporate cryptocurrency positions in the market. Source: SEC.gov Also Read: Top 3 Cryptocurrencies Predicted To Hit New All-Time Highs Soon Understanding Tesla’s Bitcoin Holdings and the Impact on Market Volatility Source: Bitcoin.com Q4 2024 Profit Surge Source: Watcher Guru Several reports show that Tesla’s Bitcoin security risks were managed well through the period of Q4 in the year 2024. The company made some impressive gains of about $600 million without buying any more cryptocurrency. Multiple market watchers n...

What appears to be happening is that the XRP SEC appeal is entering a phase that could be described as critical, with what seems to be a January 15 deadline. Looking at cryptocurrency market volatility, one can observe XRP trading somewhere around $2.50, which came after what traders are calling a 10.09% rally. Ripple’s lawsuit updates keep showing how regulatory uncertainty in crypto affects trading patterns. Source: Binance Also Read: Bitcoin Bull Pennant: Analyst Predicts $140,000 Target After Breakout Regulatory Uncertainty and XRP: What the SEC Case Means for Crypto Investors Source: Watcher Guru SEC’s Deadline and Leadership Transition What’s happening now is that the SEC has to submit what could be called its appeal brief by Wednesday. They appear to be challenging what was Judge Torres’ July 2023 ruling about XRP’s programmatic sales. It seems that this particular ruling was what allowed exchanges to list XRP again. Many people who watch markets say...

Bitcoin recession prediction has become a hot topic as Mark Cuban backs Bitcoin over gold in tough economic times. The billionaire’s Bitcoin vs gold investment view has created waves in both traditional and crypto markets. Source: JustCapital “People look at Bitcoin as a better version of gold, and I agree with that,” Cuban stated firmly in his latest Wired interview. Also Read: Trump’s NFTs Make History: First-Ever Launch on Bitcoin Network! How Bitcoin Could Outperform Gold in a Recession and Market Volatility Digital Advantages Over Physical Gold “People aren’t going to walk around with gold bars,” Cuban emphasized. “Oh, look, he owns gold. Bam! Now I own gold.” His Bitcoin recession prediction focuses on basic benefits: “It’s easier to buy and sell. You can fractionalize it, you can buy things, you can transfer it internationally. And so I think it has more value than gold,” he stressed. Economic Outlook and Bitco...

Meme Index ($MEMEX) has surged past $400,000 on Christmas Day as investors pile into a new presale token that enables them to invest in diversified baskets of meme coins for the first time. The project assembles four baskets of meme coins with varying degrees of risk, aiming to avoid concentrating exposure on any single volatile asset. There is also room for flexibility, as the assets within each index can be adjusted based on the consensus of the Meme Index community. This allows for the inclusion of emerging meme coins or additional allocations of more established ones. All of these indexes and the ability to modify them are made possible by Meme Index’s governance token, $MEMEX, which is currently only available through its token presale. The token’s current price is $0.0146285, but it will increase to $0.014687 in the next 48 hours to kick off its next funding stage. Meme Index Reduces Risk By Giving Investors Diversified Baskets O...