HomeCrypto NewsMarketEx-CFTC Chair Reacts as XRP “589” Appears in Times Square New Year Display

Ex-CFTC Chair Reacts as XRP “589” Appears in Times Square New Year Display

Date:

Follow TheCryptoBasic

The XRP community is once again buzzing after an unexpected moment tied a mainstream New Year’s Eve broadcast to one of XRP’s most famous numbers: 589.

The development has drawn reactions from high-profile figures, including a former U.S. regulator.

Times Square New Year Numbers Spark XRP Attention

Recently, a CBS Bay Area (KPIX) segment showed the preparation of New York City’s New Year’s Eve numerals at Times Square. Officials revealed that the massive “2026” sign contains exactly 589 LED bulbs.

- Advertisement -

The report explained that each numeral uses a specific number of bulbs, totaling 589 across the display. While the detail was presented as a fun behind-the-scenes fact, it caught the attention of the XRP community.

XRP Community Flags the “589” Coincidence

A widely followed XRP-focused account, NotFinancialAdvice.Crypto, highlighted the detail, noting how precisely the bulb count was emphasized.

MoonPay later shared the same video, adding that the display had 589 bulbs — not 588, not 590. Accordingly, the payment processor called it “the most XRP-coded New Year’s Eve of all time.”

The post quickly circulated within the XRP community.

Ex-CFTC Acting Chair Caroline Pham Responds

The moment gained further traction after Caroline Pham, MoonPay’s Chief Legal Officer and former Acting Chair of the U.S. Commodity Futures Trading Commission (CFTC), reacted to the video with rocket emojis.

While Pham did not add commentary, her reaction alone was enough to spark speculation and discussion across the XRP Army. Several community members interpreted the response as a lighthearted acknowledgment of the ongoing “589” narrative.

For instance, X user Ray Ray described the number as a “code” rather than a coincidence. Community voice X Finance Bull suggested that the timing, visibility, and repetition of the number added fuel to long-running XRP theories.

Why “589” Still Matters to XRP Holders

The number 589 has been part of XRP culture for nearly a decade. Originating from early XRP-related artwork and riddles, it later became associated with bold long-term price expectations and symbolism around XRP’s role in global finance.

The meme resurfaced earlier this month after Solana’s official account posted “589,” triggering millions of views and renewed excitement. Even Ripple CEO Brad Garlinghouse has historically maintained an X follower count at 589, further cementing the number’s mystique.

Ripple CEO X profile with 589 following
Ripple CEO X profile with 589 following

Some analysts have also pointed out that ISO 4217 currency code 589 remains unassigned, adding another layer of speculation around XRP and Ripple’s broader ambitions.

Whether by chance or influence, the Times Square display shows that the XRP “589” idea continues to appear in surprising ways.

As XRP and the crypto market move into another year of regulatory talks and ecosystem growth, many expect 2026 to be a promising year, as suggested by the bright LED lights of Times Square.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Abdulkarim Abdulwahab
Abdulkarim Abdulwahabhttp://thecryptobasic.com
Abdulkarim Abdulwahab is a seasoned crypto journalist who has established himself as a trusted voice in the world of blockchain and Web3. His extensive knowledge of the crypto space enables him to break down complex concepts into accessible language.

More from Author

Latest Stories

Shiba Inu Forecast for Jan 19: Can SHIB Lift Back Above 0.618 Fibonacci Level?

Shiba Inu tests key support after a sharp drop, with traders watching whether SHIB can reclaim the 0.618 Fibonacci level to stabilize price. Shiba Inu's...

Solana Prediction for Jan 19: SOL Faces Stiff Resistance but Analyst Eyes Rebound to $145

Solana faces resistance at key levels, but a potential rebound from support could trigger a rally toward previous highs. The Solana (SOL) price has experienced...

Bitcoin Price Analysis: BTC Struggles at Critical Support as $230M in Liquidations Shakes Market

Bitcoin faces pressure at key support levels as liquidations rise, with geopolitical tensions and market volatility influencing price action. The recent Bitcoin (BTC) slide, tumbling...

Binance CZ: Bitcoin Reaching $200,000 “Is the Most Obvious Thing in the World”

Bitcoin could climb to $200,000 as regulatory pressure eases and BTC becomes more embedded in global financial markets, according to Binance founder Changpeng Zhao. Zhao...

XRP vs Ethereum: Can XRP Catch Up by 2030?

As XRP continues to trail Ethereum in the global crypto rankings, discussions persist around the prospect of a “flippening.” In 2025, many industry leaders and...

Ethereum Price Analysis for Jan 15: Where Next as ETH’s 50-Day MA Flips to Support?

Ethereum shows improving momentum, holding above key support levels, with traders eyeing potential upside. Ethereum (ETH) has seen a 1.1% pump in the past 24...

If XRP Falls, Here’s the Multi-Year Support Trendline to Watch Next

While XRP has corrected alongside the rest of the crypto market, a crucial multi-year support trendline has emerged should steeper declines play out. XRP has...

Why the Next Major XRP Breakout May Come When No One Expects It

The next major XRP breakout is unlikely to arrive with warning, according to market watchers. Indeed, XRP price continues to struggle around $2, frustrating holders....

Shiba Inu Forecast for Jan 19: Can SHIB Lift Back Above 0.618 Fibonacci Level?

Shiba Inu tests key support after a sharp drop, with traders watching whether SHIB can reclaim the 0.618 Fibonacci level to stabilize price. Shiba Inu's...

Shiba Inu Analysis for Jan 15: Shiba Inu Must Hold Above This Bollinger Band Support: What’s Next?

Shiba Inu must hold above the middle Bollinger Band support to reverse the current price action. Shiba Inu (SHIB) has experienced a 2.3% decline in...

Dogecoin Prediction for Jan 16: Resistance Holds But Analyst Eyes Massive Surge to $9

Dogecoin faces resistance, but analysts predict a potential surge if key indicators align. Dogecoin (DOGE) changes hands at $0.14 during this press, a 2.6% decline...

Dogecoin Prediction for Jan 14: Can DOGE Hold on Breakout Zones as Long Positions Dominate?

Dogecoin has broken key resistance levels, but can it hold above support and sustain bullish momentum? Notably, Dogecoin (DOGE) has recorded a strong bullish session...

Guides