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Cardano Founder Recognizes XRP Strengths, Says Its Community is Real

Lele Jima
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Cardano Founder Recognizes XRP Strengths, Says Its Community is Real

Cardano founder Charles Hoskinson praises XRP, focusing on its community, leadership, and purpose. 

In an X post yesterday, the Cardano founder highlighted XRP’s strengths, emphasizing that the token has a real community, clear leadership, and defined purpose. 

Furthermore, he asserted that XRP’s founders are not implicated in controversies such as being on Interpol’s watchlist for fraud allegations, setting them apart from certain figures in the cryptocurrency space. 

Hoskinson Shades Hex Founder 

This commentary is a subtle jab at Richard Schuele, popularly known as Richard Heart, the creator of Hex and PulseChain. 

Last month, Interpol put Schuele on red notice for misappropriating users’ funds to the tune of $12 million on luxury goods. The development comes after the U.S. SEC accused Schuele of fraud and violating federal securities law in 2023. 

The Cardano founder recently triggered discussions about Schuele’s red notice when he reflected on his strong stance against X users associated with Hex or PulseChain. 

According to an X post yesterday, Hoskinson stated that his new policy requires him to block any X profile that mentions PulseChain or Hex. He suggested that interacting with such users is dangerous due to what he referred to as their ‘divorce from reality.’ 

In this context, he praised XRP, emphasizing that its community, leadership, and purpose are genuine, adding that its founders are not on Interpol’s red notice. 

Hoskinson Reconciles with XRP Community 

Meanwhile, Hoskinson, who had been at loggerheads with the XRP community and the Ripple team, has taken significant steps to settle the multi-year dispute. 

This dispute revolves around allegations that the team behind Ethereum influenced the SEC to sue Ripple in December 2020. However, the Cardano founder reconciled with XRP community members via an apology issued in a livestream in November. 

At the time, he proposed a partnership with Ripple that could see the company’s RLUSD stablecoin launch on Cardano, with XRP potentially integrated into the privacy-focused sidechain, Midnight. 

So far, the Cardano founder has discussed the potential partnership with Ripple execs, including Brad Garlinghouse and David Schwartz. 

Ripple CTO Schwartz Warns Community of New Coinbase Scam

Elendu Benedict
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Ripple CTO Schwartz Warns Community of New Coinbase Scam

The Ripple CTO David Schwartz has updated the XRP community on a new widespread scam involving crypto exchange Coinbase.

Often vocal in his social handle, Schwartz has a reputation for interacting with the XRP community. Most recently, he has proven his sense of leadership by updating the XRP Army on a new phishing trick scammers employ to defraud users.

In a tweet today, the Ripple CTO called the community’s attention to a new email defrauders use. The ploy entails posing as the largest American crypto exchange, Coinbase, to access users’ accounts.

New Scam Alert

Schwartz shared an image of the scam email, in which the senders claim to be representatives of Coinbase. The defrauders try to grab users’ attention by informing them that the details of their accounts need a review to ensure smoother dealings with the exchange.

Fake Coinbase Email

The email also contains an “Update My Account” link, which is possibly a phishing link providing the bad actors access to the victim’s account. Schwartz warned users that the email is a scam, suggesting they ignore it.

Community Confirms Receipt, Praises Schwartz

Meanwhile, a few investors have confirmed the receipt of the email. One user claimed his own email came with an accompanying call from a Canadian line posing as Coinbase support. However, he confirmed he did not fall for the trick.

Other community members appreciated Schwartz’s effort to give the community a heads-up. A user lauded the Ripple CTO as a “true community caretaker,” while others agreed with the narrative.

Notably, Schwartz, who has spent 12 years with Ripple, had previously advised the XRP community against making the wrong decisions. For instance, he warned enthusiasts against seeing the RLUSD launch as an opportunity to get rich.

This came after the RLUSD supply shortage and heightened demand sparked price fluctuations, with the stablecoin touching $1,200 per coin at some point. Schwartz explained the instability, insisting the variation would subside over time.

Market Psychologist Says Last Chance to Buy XRP Under $3

Abdulkarim Abdulwahab
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Market Psychologist Says Last Chance to Buy XRP Under $3

Michael XBT, a widely followed market psychologist and chart expert, has warned that the crypto community may be facing its last opportunity to buy XRP at a low price.

In a tweet on Friday, Michael reminded crypto enthusiasts how he had previously called for buying XRP at favorable entry points over the years, which turned out to be successful recommendations.

Historical Calls to Buy XRP at a Discount That Proved Fruitful

Specifically, he highlighted that he had urged investors to buy XRP when trading at $0.30. Notably, XRP was last seen in the $0.30 range in the third quarter of 2022, and its value has since expanded nearly nine-fold.

Similarly, Michael noted that he had also advised investors to load up on XRP when selling at $0.50. He made this call in July 2024, predicting that XRP was on the brink of a historic breakout that would reverse seven years of losses.

However, the breakout did not happen until four months later, in November 2024. XRP’s price remained in the $0.50 range until the first week of November 2024, when the trend changed.

By the second week of November, XRP had reclaimed $1 and has not traded below that level since. It later reached its 2021 high of $1.96 before surpassing the $2 mark in the first week of December 2024.

Michael added that during this historic price movement, he had made another public call to buy XRP at $1.30. At the time, some investors believed XRP above $1 was already too expensive. However, Michael saw it as a good entry point, predicting further upside potential. XRP then went on to reach a seven-year high.

Last Chance to Buy XRP Under $3?

Since XRP hit $2.90 in early December, it has experienced strong bearish momentum, causing its price to dip back to $1.90 on three occasions. Currently, XRP has been in a consolidation phase for over four weeks, mostly trading between $2.00 and $2.40.

Now, Michael believes market participants might be facing their last opportunity to buy XRP under $3. “This might be your last chance to buy before the next leg up,” Michael tweeted.

He specifically projects that XRP could rally to $5 before another accumulation phase occurs.

At the time of writing, XRP is trading at $2.34. If XRP reaches $5, as suggested, those buying at current levels would see a substantial 114% upside.

Several other market analysts share similar sentiments about XRP’s potential. Many expect XRP’s next target to be in the $4 to $5 range when the bull run resumes.

However, some analysts have also pointed out that XRP may need to revisit lows near $2 before this run begins. According to them, this could serve as the launching pad for a move to higher levels.

Shiba Inu Team Announces Airdrop for TREAT, Outlines Steps to Claim the Token

Lele Jima
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Shiba Inu Team Announces Airdrop for TREAT, Outlines Steps to Claim the Token

The Shiba Inu ecosystem team announces an airdrop for TREAT and outlines steps for users to claim the highly anticipated token.  

Lucie, the marketing specialist of the Shiba Inu ecosystem, made this known in an X post yesterday. The announcement comes a few hours after leading cryptocurrency exchanges such as KuCoin, Bitget, and Gate.io announced the token’s listing. 

These platforms have already enabled deposits for TREAT, allowing users to deposit the token for trading, which is slated for January 14, 2025, at 11:00 AM (UTC). 

TREAT Airdrop 

In anticipation of TREAT’s launch, the Shiba Inu ecosystem team has launched an airdrop to distribute the token to the broader crypto community. Notably, Shiba Inu’s marketing lead outlined the steps for claiming TREAT tokens at zero cost. 

Steps to Claim TREAT Airdrop 

The first step requires users to have a KYC-verified account in any of the exchanges where TREAT will be listed, particularly KuCoin, Gate.io, or Bitget. Participants can either use their existing account or create a new one before the January 14 launch date. 

Afterward, users must visit the official Shiba Inu airdrop platform to submit their exchange user ID and TREAT deposit address. 

Lastly, upon submitting the details, Lucie claimed the account would be whitelisted, enabling users to receive their TREAT tokens. 

Furthermore, she cautioned participants against clicking links from unauthorized sources during the airdrop event to avoid falling prey to scammers. 

It is worth mentioning that the airdrop, which commenced yesterday, January 10, 2025, will be concluded on January 14, at 00:00 (UTC). In the meantime, due to regulatory concerns, U.S. residents are restricted from participating in the airdrop. 

Shiba Inu Lead Announces Additional TREAT Reward for Bitget Users 

Meanwhile, Shytoshi Kusama, the leader of the Shiba Inu ecosystem, announced a special promotional event for participants who choose to claim their TREAT airdrop on Bitget. According to him, participants who deposit TREAT on Bitget during the airdrop period will receive additional rewards of $5-100 worth of TREAT. 

Notably, the Bitget total reward pool is capped at $200,000 worth of TREAT and will be distributed on a first-come, first-served basis. 

This additional reward excludes a previous initiative Bitget introduced yesterday, which offers to distribute 87.45 million TREAT to users who lock their BGB and USDT tokens from January 14 – 17, 2025. 

Wealth Mentor Says It’s Funny People Don’t Think XRP Has Been Part of the Plan for Years

Sam Wisdom Raphael
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Wealth Mentor Says It’s Funny People Don’t Think XRP Has Been Part of the Plan for Years

Linda Jones, a wealth mentor and financial author, believes XRP has always been a part of the broader plan for years.

She disclosed this upon revisiting a video from 2019 featuring Steven Mnuchin, the Treasury Secretary under Donald Trump. Notably, Mnuchin’s remarks came up on July 15, 2019, during a surprise press conference.

Jones’ latest remarks, shared five years after Mnuchin’s comments, spotlight her belief that XRP has been part of a larger plan for years, and many have overlooked this.

“A Level Playing Field”

In the video, Mnuchin discussed the use of crypto for illegal activity amid the growing prominence of Facebook’s Libra project at the time. He highlighted crypto regulations and talked about fostering innovation while maintaining the stability of the financial system. 

Mnuchin noted that they encourage technological advancements in payment systems, provided these adhere to existing regulations. Importantly, he stressed the importance of creating a “level playing field,” treating all financial providers—whether traditional banks, fintech firms, or payment processors—equally. 

In her recent remarks, Jones connected Mnuchin’s statements with the long-standing advocacy by Ripple CEO Brad Garlinghouse, who has often championed a “level playing field” in financial innovation.

According to Jones, the phrase wasn’t coincidental. She suggested that the XRP Ledger, with its distributed ledger technology, has been central to achieving this goal for years. 

Trump’s Return and Renewed Interest in XRP

Jones’ comments come up following Donald Trump’s victory in the 2024 U.S. presidential election and Ripple executives’ recent meeting with him at Mar-a-Lago. These developments have fueled speculation about crypto-friendly regulations that could favor XRP. 

Recall that CNBC spotlighted XRP as the biggest winner from the November 2024 Trump-led rally. Jones found it amusing that many still believe Trump is unaware of crypto, especially with the spotlight on Ripple’s leadership and their advocacy for regulatory clarity.

For context, Ripple has long worked to align its operations with global financial regulations. Jones highlighted how Garlinghouse’s consistent messaging about equal treatment for all financial institutions aligns with the regulatory discussions from years ago. 

Steven Mnuchin’s 2019 Remarks  

Notably, in 2019, Mnuchin explained how regulations would support responsible innovation without favoring traditional financial institutions over newer players like MoneyGram, PayPal, and others. 

He assured reporters that regulations aimed to create fairness across the financial ecosystem. While acknowledging concerns about overregulation, Mnuchin denied painting all crypto projects with the same brush. 

Instead, he pointed out that work was already underway regarding crypto oversight long before Facebook’s Libra project brought it into the limelight.

Jones interpreted these remarks as further evidence that XRP and crypto had been part of the financial discussion for years. As Trump’s administration returns to power, speculation grows about how upcoming regulatory decisions could benefit crypto assets, including XRP.

Leading Exchange Forecasts Shiba Inu Could Surge by 4,166,567% to Reach $1

Abdulkarim Abdulwahab
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Leading Exchange Forecasts Shiba Inu Could Surge by 4,166,567% to Reach $1

Crypto exchange CoinW stirred excitement within the Shiba Inu community by proposing a bold prediction that SHIB could rally by 4,166,567% to reach $1.

This suggestion came in a post on X (formerly Twitter), where CoinW conducted a poll comparing various ambitious milestones in the crypto market.

Specifically, participants were asked to vote on which target could be achieved first: Ethereum hitting $10,000, Shiba Inu surging to $1, BNB reaching $1,000, or Dogecoin attaining $1.

Other options in the poll included price milestones for popular cryptocurrencies like Solana (SOL), Cardano (ADA), XRP, and Avalanche (AVAX). Among these predictions, Shiba Inu’s potential rise to $1 stands out as the most daring, considering the magnitude of the increase required to attain the target.

Currently, Shiba Inu trades at $0.00002400. Accordingly, achieving $1 would require the token to erase all its decimal places and increase in value by 4,166,567%. For perspective, a $100 investment in SHIB at its current price could theoretically yield $4.2 million if this prediction were to come true.

Interestingly, the poll by CoinW also asked if this monumental achievement could occur before Bitcoin hits $100,000 or Ethereum reaches $10,000. However, Bitcoin has already surpassed this milestone. Meanwhile, Ethereum would need to climb by only 173% from $3,650 to hit its $10,000 target.

Is a 4,166,567% Surge Possible for Shiba Inu?

Skepticism about Shiba Inu reaching $1 is understandable, but history provides an intriguing precedent. Shiba Inu has already demonstrated remarkable growth, rising by 150,000,000% from its all-time low to its peak. This meteoric surge created life-changing wealth for early adopters, with one investor famously turning an $8,000 investment into over $5.7 billion.

Despite such historic gains, replicating this performance in the near future seems improbable due to market cap implications. If SHIB were to hit $1, its market capitalization would exceed $589 trillion, far surpassing the entire global economy.

Meanwhile, platforms like Telegaon suggest that Shiba Inu could reach $1, but only after several decades of gradual growth and adoption. Specifically, Telegaon argued that $1 is attainable for SHIB by 2050.

Overall, CoinW’s bold prediction reignited conversations about the limitless possibilities in cryptocurrency, even if the odds remain stacked against such extraordinary outcomes. Whether or not SHIB reaches $1, its community continues to dream big.

Shiba Inu Lead Rejects Selling SHIB, Asserts SHIB Is Not Dying

Abdulkarim Abdulwahab
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0
Shiba Inu Lead Rejects Selling SHIB, Asserts SHIB Is Not Dying

As the market volatility intensifies, Shiba Inu lead developer Shytoshi Kusama has voiced his opposition to the popular call to “sell everything.”

X user “The Don Landoni” sparked the conversation when he proclaimed that the crypto market is doomed. “We are all going to die,” he tweeted, urging stakeholders to “sell everything” while they still can.

This sentiment came at a time when Bitcoin’s price had slumped to $91,220 on Thursday evening. Notably, the drop followed three consecutive days of declines, during which Bitcoin lost 11.18% of its value.

Bitcoin’s dip significantly impacted the broader crypto market, particularly the meme coin segment, where Shiba Inu dominates. Specifically, SHIB plummeted by 16.72%, dropping from $0.00002458 to almost losing the $0.00002 region.

In light of the market uncertainty, Landoni urged participants to sell their holdings while they still could instead of following the usual advice to “buy the dip.”

Shiba Inu Lead Disagrees

However, Shiba Inu’s lead developer disagreed with the sentiment. Kusama replied “No” to the call using a humorous GIF. Essentially, Kusama rejected the idea of selling one’s crypto assets out of fear of the market “dying” or crashing.

Notably, the Shiba Inu ecosystem is currently in the midst of launching its final ecosystem token, TREAT. Kusama has emphasized the importance of taking a long-term perspective and overlooking short-term price fluctuations.

Building Shiba Inu to Its Full Potential: Patience and Precision

In line with his rejection of short-term thinking, Kusama also stressed that building innovative decentralized systems like Shiba Inu requires time, precision, and careful planning. 

He acknowledged delays in developing key components, including the metaverse and AI integrations. However, he reiterated that such complexity necessitates patience.

Kusama highlighted Shiba Inu’s modular design, known as the “36 Chambers,” which allows users to use different components tailored to their needs selectively. This system addresses challenges often faced by decentralized systems that lack a coherent structure.

By presenting a flexible framework, Shiba Inu could bridge the gap between Web 2.0 a d Web 3.0. Kusama is confident that the platform’s thorough design will ensure long-term success.

Shiba Inu: KuCoin, Bitget, Gate.io List TREAT Ahead of Its Launch

Lele Jima
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Shiba Inu: KuCoin, Bitget, Gate.io List TREAT Ahead of Its Launch

Shiba Inu lead developer Shytoshi Kusama has reacted to the listing of TREAT on prominent crypto exchanges KuCoin, Bitget, and Gate.io. 

These exchanges have announced the listing of Shiba Inu’s fourth ecosystem token, TREAT, on their respective trading platforms. 

TREAT Support on KuCoin and Bitget 

According to the announcements, TREAT will be paired against Tether (USDT) on both platforms. Notably, its spot trading will commence on January 14, 2025, at precisely 11:00 (UTC). 

It bears mentioning that the trading schedule coincides with the official launch date of the TREAT token. The exchanges have opened deposits for TREAT, allowing users to deposit the token to their accounts in preparation for trading. 

Users can deposit TREAT into their KuCoin, Gate.io., and Bitget accounts through the Ethereum network. The exchanges will open TREAT withdrawals on January 15, 2025.

While users can withdraw their TREAT tokens from KuCoin at 10:00 (UTC) on January 15, 2025, withdrawals on Bitget will commence two hours later at 12:00 (UTC). 

Bitget to Airdrop 87.45M TREAT to Users 

To celebrate TREAT’s listing, the team behind Bitget announced plans to distribute 87.45 million of the token to its users. The eligibility criteria require Bitget users to lock BGB or USDT in any designated campaign pool.

The locking period runs from January 14, 2025, at 11:00 (UTC) to January 17, 2025, at 12:00 (UTC). Notably, users who lock up BGB during the campaign period will earn a share of 79.5 million TREAT, while USDT stakers will participate in the sharing of 7.95 million TREAT. 

Notably, a similar program to farm TREAT token is also live on KuCoin

Shiba Inu Lead Reacts 

Following the development, Kusama emphasized the unique nature of TREAT. He asserted that TREAT’s initial listing on Bitget, Gate.io., and KuCoin showcases that its launch is different from the debut of other ecosystem tokens. 

While acknowledging Bitget as the first exchange to list TREAT, he suggested that more trading platforms will follow suit. 

In a follow-up post, the Shiba Inu leader encouraged the community to brace up for imminent developments, saying, “[…] Things are about to move VERY quickly. Hold onto your tails!” 

This indicates that Shiba Inu community members could see more ecosystem updates, like partnerships or more exchange support for TREAT. 

As reported earlier, Kusama disclosed plans to announce new partnerships this month. It remains to be seen what updates the team will likely share with the community. 

Grayscale Considers 39 Assets Including Dogecoin in Expansion Push

Okoya David
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Grayscale Considers 39 Assets Including Dogecoin in Expansion Push

Grayscale considers a staggering 39 assets, including Dogecoin, for inclusion in future investment products across several sectors.

Increasing institutional demand for crypto has meant big business for crypto asset managers. Moreover, many expect this institutional interest to grow under anticipated favorable regulations with the incoming Donald Trump administration.

Amid the anticipated business boom, leading crypto asset manager Grayscale has rapidly expanded its offerings and appears to have no plans to slow down.

In the latest instance, the firm has unveiled a batch of assets it is considering for future investment products.

Grayscale Unveils 39-Asset Long Consideration List

Grayscale is considering a staggering 39 assets for inclusion in future investment products across several sectors. The firm disclosed this in a blog post on Thursday, January 9.

The list of assets under consideration include recognized names like Worldcoin (WLD), Helium (HNT), Hedera Hashgraph (HBAR), Toncoin (TON), Dogecoin (DOGE), Pendle (PENDLE), Ondo Finance (ONDO), Tron (TRX), Binance Coin (BNB), Celestia (TIA), and Sei (SEI), among others.

The recent list is largely composed of assets the fund manager outlined in its top 20 picks for Q1 2025. Still, the sheer size of the list may reflect Grayscale’s optimism around institutional crypto adoption this year.

While Grayscale is unlikely to add support for all these assets at once, if it did, it would more than double the number of assets currently supported by its funds. For context, the asset manager already boasts support for thirty crypto assets.

Meanwhile, the firm noted that it intended to update the list 15 days after the end of every quarter.

According to Arkham Intelligence data, Grayscale’s assets under management total $29.3 billion at the time of this writing.

VanEck’s Sigel Suggests Bitcoin Could Rival Gold as the Global Standard, with US Leading

Sam Wisdom Raphael
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VanEck’s Sigel Suggests Bitcoin Could Rival Gold as the Global Standard, with US Leading

Matthew Sigel from VanEck suggests Bitcoin could rival gold as the global money standard, with the U.S. first leading the path.

Sigel, who serves as VanEck’s Head of Digital Assets Research, believes Bitcoin could become the foundation of a new monetary system, rivaling gold’s historic significance. 

His comments, made amidst growing interest in the proposed U.S. Strategic Bitcoin Reserve, call attention to the pioneering crypto asset’s potential to influence a shift to digital assets among nations.

Bitcoin as the Next Reserve Asset

Sigel pointed out that Senator Cynthia Lummis’ recent proposal to establish a Strategic Bitcoin Reserve mirrors the U.S. government’s gold holdings. For context, the plan suggests the acquisition of one million Bitcoin, equivalent to 4.76% of its total supply. 

This figure is similar to the U.S. government’s current share of global gold reserves, which is about 4%. Sigel sees this as a signal that Bitcoin could assume a role similar to gold in the past, which involves serving as a universal reserve asset.

He further noted how gold reserves have played a role in defining economic power throughout history. Countries like the U.S., Germany, and China continue to hold substantial amounts of gold as a cornerstone of their financial systems. 

Notably, Sigel’s commentary suggests that the U.S. could lead a new era where digital assets form the backbone of global finance if President-elect Donald Trump’s plan of embracing a Bitcoin reserve follows through. Lummis recently highlighted such a scenario.

Echoes of the Gold Standard Era

Sigel also drew parallels between the adoption of gold standards in the 19th century and the potential rise of a Bitcoin standard. 

He shared a chart highlighting how countries like Great Britain (1821), Germany (1871), and the U.S. (1873) adopted gold as a basis for their monetary systems. In a similar way, he sees Bitcoin presenting the opportunity to establish a “digital standard” for money in the 21st century.

The move toward a Bitcoin reserve could make the U.S. a leader in this shift. It may also trigger a competitive race among nations to adopt digital assets. Just as countries sought to accumulate gold during the industrial age, nations may now compete to secure Bitcoin.

Growing Global Interest in Bitcoin Reserves

Meanwhile, the idea of holding Bitcoin as a reserve asset is not unique to the U.S. El Salvador has already adopted Bitcoin as legal tender and integrated it into its financial system. The country purchases 1 BTC a day to bolster its reserve but pushed this up to 11 BTC on Jan. 8.

Lawmakers in other countries such as Russia, Switzerland and Brazil are already exploring similar initiatives following Donald Trump’s election victory. 

In the U.S., several states are also looking into establishing Bitcoin reserves. Lawmakers in Pennsylvania and Texas have also taken steps to explore cryptocurrency investments. 

Despite the interest, reactions remain mixed. Advocates like Sigel see it as a way to modernize monetary systems. However, critics warn of Bitcoin’s volatility. Notably, BlackRock failed to support the proposal.

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