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White House Crypto and AI Czar David Sachs has shed light on why President Donald Trump included Ripple-promoted XRP, Solana (SOL), and Cardano (ADA) in his remarks about a U.S. crypto strategic reserve on March 2.
Ripple could be on the verge of a drop as risk elevates due to increased leveraged positions.
The cryptocurrency market is trading lower on Friday in anticipation of the much-awaited White House crypto summit. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $87,839.15 -0.7% Ethereum (CRYPTO: ETH) $2,177.24 -0.9% Solana (CRYPTO: SOL) $146.27 +1.8% XRP (CRYPTO: XRP) $2.48 -4% Dogecoin (CRYPTO: DOGE) $0.2052 +2.7% Shiba Inu (CRYPTO: SHIB) $0.00001351 +1.8% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 19.5% and daily active addresses growing by 10.9%.
Plans for a strategic reserve including Bitcoin (CRYPTO: BTC) and possibly other cryptocurrencies have been one of the hottest topics in the cryptocurrency sector. Benzinga polled readers to ask which cryptocurrencies the White House administration should be most focused on for the strategic reserve.
In recent XRP news, Ripple whales have transferred 150 million XRP, drawing attention from traders and analysts. This large movement, reported by Whale Alert, has raised questions about potential price fluctuations and market trends.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
The LastPass hack had been linked to at least $45 million in crypto thefts as of December 2024.
ZachXBT revealed today that Ripple Co-founder Chris Larsen lost $150 million worth of XRP in January. The theft was linked to the infamous LastPass breach from 2022.
Chris Larsen, co-founder of Ripple, lost 283 million XRP, worth $150 million after hackers broke into his wallet. The attack happened in January 2024, but new details reveal the breach was done via private keys stored in LastPass—a password manager that was hacked in 2022.
Cardano (CRYPTO: ADA), XRP (CRYPTO: XRP) and Solana (CRYPTO: SOL) declined on Friday after a top White House aide suggested President Donald Trump's mention of a broad crypto reserve might have been misunderstood. Cryptocurrency Price 24-Hour Trend Cardano (CRYPTO: ADA) $0.845 -3.7% Solana (CRYPTO: SOL) $145.11 +1.1% XRP (CRYPTO: XRP) $2.47 -4.
TL;DR A White House official clarified that the cryptocurrencies mentioned by Trump were just examples, but the data suggests otherwise. After the clarification, XRP fell by 6.5%, SOL dropped by 1.65%, and ADA lost 7.7%, while trading volume increased.
Bitcoin is trying to form a higher low at $85,000, but the recovery attempt faces stiff resistance at $90,000, signaling a tough battle between the bulls and the bears.
Sacks also said it's possible the federal government could explore lending or staking on the cryptocurrencies it does own.
Documents released by U.S. law enforcement have unveiled that Chris Larsen, co-founder of Ripple, fell victim to a cryptocurrency theft in January 2024 due to LastPass failures.
Trump's focus on top cryptos like XRP, SOL, and ADA may signal increased regulatory scrutiny and influence on digital asset markets. The post David Sacks says XRP, SOL and ADA are in Trump's spotlight due to market cap dominance appeared first on Crypto Briefing.
The official said Trump was "just giving five examples" of cryptocurrencies that could theoretically be in a crypto stockpile.
The deliberations around the formation of a strategic crypto reserve in the United States has drawn interests to assets like Solana and XRP. While these interests remain, the tokens could see huge gains once retail investors begin to show interest.
On Friday, XRP traded between $2.425 and $2.50 over the last hour, with a market capitalization of $144 billion and a global trade volume of $7.03 billion over the past 24 hours, while its intraday price ranged from $2.41 to $2.63.
A recent forfeiture complaint by U.S. law enforcement revealed that Ripple co-founder Chris Larsen lost $150 million in XRP due to compromised private keys stored in Lastpass, a password manager breached in 2022, according to onchain investigator ZachXBT and the complaint filing.
XRP seems to have lapsed as highly anticipated bullish catalysts fail to deliver—but key levels suggest its next big move is approaching. The post XRP Explosion Incoming? Key Levels Point to a Run Toward $10 appeared first on Cryptonews.
XRP has gained 15% this week, driven by strong investor support and positive market cues. After escaping major bearish cues, the altcoin is now targeting a price recovery.
In January 2024, Ripple's Chris Larsen admitted there had been "unauthorized access" to his “personal XRP accounts."
Is XRP gearing up for a massive breakout or facing another rejection? With the price hovering near key levels, technical indicators suggest a crucial move.
After 2.3 years of holding, a whale has moved 26.5 million XRP - worth $67.65 million - into Binance, locking in a profit of $56.87 million. Onchain Lens data shows that between April 2022 and November 2022, this investor accumulated 25.12 million XRP from Binance at an average price of $0.429, investing $10.77 million.
