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Bitcoin Bull Vows to Seize Shiba Inu Dip Opportunity with Strategic Buy

Abdulkarim Abdulwahab
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Bitcoin Bull Vows to Seize Shiba Inu Dip Opportunity with Strategic Buy

Bitcoin investor Oscar Ramos has declared his willingness to capitalize on the recent dip in Shiba Inu value to bag more tokens at the new discount prices.

Over the weekend, Shiba Inu’s price sank into the $0.000018 range after maintaining higher levels in the past 30 days. Specifically, on Saturday, SHIB witnessed a low of $0.00001853, tanking by over 25% from the intraday high of $0.00002492.

The dramatic crash was influenced by Bitcoin retesting the $60,000 range, which dragged the broader crypto market into the mud amid global escalating conflicts. While Shiba Inu took a significant hit, causing the asset to re-enter the $0.000018 range, SHIB continues to trade at highs last seen about two years ago.

Buying Shiba Inu Dip

Meanwhile, notable crypto community figures like Oscar Ramos see the recent market dip as a compelling buying opportunity. Taking to X, Ramos revealed his intention not to pass up on the current low prices.

He outlined seven cryptocurrencies he plans to capitalize on during this dip, with Shiba Inu leading the pack.

Other assets Ramos has disclosed buying include Bitcoin, XRP, Solana, CRO, BRETT, and JASMY.

Shiba Inu On Track for Comeback

Notably, the investor’s declaration underscores his robust confidence in SHIB’s ability to pull a notable comeback. Remarkably, Shiba Inu has staged a notable recovery from the drop to $0.00001853. 

At press time, SHIB changes hands at $0.00002312. This price point marks a significant 24.77% gain from the bottom price two days ago.

Besides, market analysts such as Maximilian on TradingView have put forward the argument that Shiba Inu could soon reclaim the $0.000031 price threshold following the recent bearish trend. 

One of the factors bolstering this optimistic prediction is the observed stability in Shiba Inu whale and shark holdings. While Maximilian cited the stability of SHIB price around $0.00002783, the factor has failed to hold as Shiba Inu bears later took over. 

Nonetheless, the analyst’s anticipation of a potential rally to $0.000031 was also supported by a consistent rise in volume. However, this factor has also faltered as SHIB has experienced a significant 35% decline in its 24-hour trading volume.

Yet, with Shiba Inu’s recent recovery, enthusiasts maintain the conviction that SHIB can surprise the crypto market with a 300% rally in one day, potentially sending the asset beyond the $0.00003 channel.

Could New Crypto Raboo Be The Best Long-Term Crypto Investment Compared To Dogwifhat And Myro?

Esra Zuhal
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Could New Crypto Raboo Be The Best Long-Term Crypto Investment Compared To Dogwifhat And Myro?

As the market draws closer to the Bitcoin halving event, serious investors are on the lookout for the best long-term crypto investments. On the other hand, gem hunters and degens are scouring the meme coin market, searching for the next big cryptocurrency to bet on.

Amidst the chaos, a new contender who promises to satisfy both groups enters the market. Meet Raboo, a new AI meme coin poised to grow by more than 233% during its ongoing presale and 100x after its official launch.

Read on to find out how Raboo fares against Dogwifhat and Myro.

Dogwifthat: Will Dogwifhat become the next big cryptocurrency in the meme coin sector?

Built on top of the Solana blockchain, Dogwifhat is one of the newest and most popular meme coins among degens. On the project’s website, Dogwifhat is described as “Literally just a dog wif a hat”. Despite its lack of utility, Dogwifhat built a strong community of meme enthusiasts grace to its entertaining nature and straightforward positioning.

That being said, Dogwifhat’s financial performance in this bull run is nothing to scoff at. The project proved to be a good long-term crypto investment, as the price of $WIF grew by more than 1756% over the last 2 months. Further, analysts predict that Dogwifhat could be the next big cryptocurrency space, potentially dethroning $SHIB as the second most valuable crypto by market cap in the meme coin space.

Myro: Is Myro a good long-term crypto investment?

Launched towards the end of 2013, Myro is a Solana-based meme coin created as a tribute to Raj Gokal, the founder of Solana. Unlike Dogwifhat, Myro aims to be more than “just a meme coin” by introducing different features that contribute to the Solana ecosystem.

Since its launch, Myro has seen an impressive growth streak, with a 6611% surge since its ICO. Moreover, Myro’s recent performance in this bull run is also impressive, as the project boasts a 314% growth over the last 2 months and a new ATH of $0,4285. In the future, most people expect Myro to continue its growth trajectory and become one of the best long-term crypto investments in the meme coin space.

Raboo (RABT): The rising star of the meme coin space

Raboo is an AI meme coin that aims to become the next big cryptocurrency, competing with the likes of Shiba Inu and Doge. To accomplish this feat, the project puts forward an impressive meme-centric ecosystem that blends SocialFi mechanics with cutting-edge AI technology, alongside a community of die-hard fans.

Further, Raboo’s presale registered an impressive early performance alongside some of the most optimistic predictions in the industry. Experts point toward Raboo as the next big cryptocurrency in the meme coin space, which could likely bring 100x returns for early investors.

Conclusion

With Dogwifhat and Myro showcasing the power of community-driven projects and paving the path, Raboo is ready to take over the meme coin space. From its comprehensive meme-centered ecosystem to its irresistible stage two price of only $0.0036, it should come as no surprise that gem hunters across the industry flock to secure a spot in what could be the best long-term crypto investment.

You can participate in the Raboo presale here.

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Here’s How High XRP Might Surge After Bitcoin Halving 

Lele Jima
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Here’s How High XRP Might Surge After Bitcoin Halving 

With the Bitcoin halving slated to occur next week, speculation surrounding the price of XRP after the event has gained momentum as top experts share intriguing insights.

Bitcoin’s (BTC) price movements typically influence the performance of other crypto assets, including XRP. In particular, crypto prices usually soar whenever there is a spike in BTC value, and vice versa. 

With the highly anticipated Bitcoin Halving expected to occur by April 19 or 20, market watchers expect the event to pave the way for the next bull run.  

Historically, prices of altcoins spike alongside BTC after the Bitcoin Halving. Consequently, analysts are expecting this upcoming Bitcoin Halving to usher in the same trend observed in previous market cycles. 

It bears mentioning that the SEC v. Ripple lawsuit prevented XRP from recording significant gains during the last bull market. While other assets registered new all-time highs in 2021, XRP surged to around $1.98, down 48.43% from the ATH of $3.84 recorded in January 2018. 

Interestingly, top market watchers and crypto prediction platforms believe XRP’s performance in this market cycle will be considerably different from the previous one.  

This optimism stems from XRP receiving legal clarity in the Ripple lawsuit, where the judge declared the coin as a non-security on July 13. 

Projected XRP Price After Bitcoin Halving 

We have compiled a list of predictions for XRP after the Bitcoin halving. 

Prominent market analyst Leb projected that XRP will hit its previous ATH of $3.84 before or right after the Bitcoin Halving. At the current exchange rate of $0.545, XRP is down 85.85% from its previous peak price. 

Last month, another famous expert, CrediBULL, forecasted that XRP could spike over 100% against the BTC pair after Bitcoin Halving. 

Furthermore, Jake Gagain asserted that XRP’s price could hit $5.85 by 2025, several months after the upcoming Bitcoin Halving. Gagain’s prediction aligns with a similar forecast issued by Dark Defender last month. As reported earlier, the analyst speculated that XRP would reach the $5.85 target in the coming weeks. 

Meanwhile, popular AI chatbot Google Bard projected that XRP could reach $38.5 if Bitcoin hits $100,000 post-halving. It also expects the coin to spike to $46.5 should Bitcoin surge to $250,000. 

In the meantime, XRP trades for $0.545, down 10.45% over the past 24 hours. The leading crypto asset is currently ranked as the seventh-largest cryptocurrency with a market cap of $29.94 billion. 

As Shiba Inu Stays Above $0.000024, Here’s How Much You Need to Make $1M if SHIB Rises 1000%

Sam Wisdom Raphael
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As Shiba Inu Stays Above $0.000024, Here’s How Much You Need to Make $1M if SHIB Rises 1000%

The Shiba Inu price slump has presented an opportunity for market participants to procure it at a discount amid the $1 million portfolio goal.

Cryptocurrency prices recently slumped to monthly lows, as Bitcoin (BTC) collapsed below the $65,000 price territory. One of the primary triggers of this market-wide turmoil is a hotter-than-expected U.S. inflation data, which caused a drop in the prices of risk assets, as investors exit markets.

Shiba Inu Trades at a Discount

With the crypto market heavily impacted, Shiba Inu has also faced a massive decline. However, market watchers see this downturn as an opportunity to procure assets at discounted prices in a buy-the-dip campaign. 

Yesterday, Shiba Inu collapsed to a one-month low of $0.00002140 yesterday before staging a recovery from this level. Despite holding firm above the $0.000024 level, SHIB is still down 11% over the last 24 hours. Shiba Inu recorded a concerning 10% decline yesterday, marking its largest intraday decline this month.

Currently trading for $0.00002450, investors looking to procure Shiba Inu cheap have entered the market, amassing more tokens in anticipation of a price recovery toward the $0.00003 region. 

The Prospect of a 1,000% Surge

Interestingly, some market participants have more substantial targets for SHIB, with a 1,000% increase envisioned by a handful of these investors. At its current position, Shiba Inu will clinch a high of $0.0002695 if it rallies by the projected 1,000% rate.

While this price represents an ambitious target, analysts from crypto analytics platforms like Changelly believe Shiba Inu could eventually hit the target. However, Changelly analysts do not expect SHIB to reach this level during this market cycle.

According to these analysts, the projected timeline for Shiba Inu to hit $0.0002695 is March 2030, six years from now. However, Telegaon holds a more bullish outlook, predicting Shiba Inu to reach an average price of $0.000289 in 2028, four years from now. 

How Much Needed to Make $1M with Shiba Inu at $0.00025

With SHIB having a history of transforming modest investments to millions, the community remains confident that it could replicate this success. Some investors expect to join the millionaire club should Shiba Inu record the expected 1,000% upsurge.

Notably, at the $0.0002695 price, an investor would need to hold 3,710,575,139 (3.7 billion) SHIB tokens to sit on a $1 million investment. Interestingly, with Shiba Inu now down to $0.00002450, these 3.7 billion tokens are currently worth $90,909. 

While the prospect of a $909K gain can be enticing, the possibility of SHIB hitting $0.0002695 remains contested despite the projected timeline from Changelly. As a result, investors should not consider these projections as investment advice. 

Here Are Projected Timelines for Shiba Inu to Hit $0.00520, $0.025, and $0.50

Abdulkarim Abdulwahab
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Here Are Projected Timelines for Shiba Inu to Hit $0.00520, $0.025, and $0.50

This article examines the projected timelines for Shiba Inu to potentially attain ambitious price targets like $0.00520, $0.025, and $0.50.

Shiba Inu has collapsed considerably in the last 24 hours, crashing by over 17% to as low as $0.00002287 as Bitcoin (BTC) continues its correction. This recent dip has sunk Shiba Inu by over 32% from a high of $0.00003365 within the last 30 days. Despite the bearish market, Shiba Inu continues to trade at price highs that were last seen in 2022.

Accordingly, prominent entities have remained optimistic about Shiba Inu’s capability for a significant comeback. These entities have suggested potential timelines for Shiba Inu enthusiasts to expect SHIB at ambitious price points like $0.00520, $0.025, and $0.50.

Projected Timelines for Shiba Inu to Hit $0.00520

As of the latest update, Shiba Inu is exchanging hands at $0.00002428, with four leading zeros. The projected value of $0.00520 anticipates a scenario where SHIB would eliminate two zeros.

Analysts at the trading platform Changelly have put forward the viewpoint that Shiba Inu could potentially need close to two decades to reach the $0.00520 mark, pinpointing the target year as 2040.

Remarkably, OpenAI’s ChatGPT gave an 80% vote of confidence to Changelly’s analysts’ timeline for Shiba Inu reaching $0.00520 by 2040. Meanwhile, according to Google’s AI Gemini, the ascent of Shiba Inu to $0.00520 is unrealistic.

Projected Timelines for Shiba Inu to Hit $0.025

For a loftier price point like $0.025, where SHIB trades with just one leading zero, Changelly’s researchers expanded their timeline by another decade. Specifically, they argue Shiba Inu may trade at a maximum price of $0.025 by June 2050.

Shiba Inu
Shiba Inu Price Prediction | Changelly

Meanwhile, prediction platform Telegaon believes that the $0.025 value is possible for Shiba Inu before 2040.

Notably, with Shiba Inu at $0.00002428, the asset must expand by a staggering 102,865% within the next three decades to attain $0.025 at the projected year. Interestingly, SHIB already soared by over 12,000,000% between 2020 and 2021.

Projected Timelines for Shiba Inu to Hit $0.50

Remarkably, the outlook for Shiba Inu reaching $0.50 presupposes a hypothetical scenario where the asset only has one decimal point, devoid of any leading zero. Emphatically, this target anticipates Shiba Inu appreciating by a staggering 2,059,208%. 

Interestingly, a $100 investment in SHIB would balloon to over $2 million in this hypothetical situation. This raises a compelling question about its feasibility.

While Changelly’s analysts have provided no timeline for this outlook, Telegaon suggests that in 26 years’ time, Shiba Inu could potentially attain a minimum price of $0.62.

XRP Users to Earn Directly on XRPL as Ripple Looks to Launch Native Lending Protocol

Abdulkarim Abdulwahab
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XRP Users to Earn Directly on XRPL as Ripple Looks to Launch Native Lending Protocol

More avenues for XRP holders to earn on the XRP Ledger (XRPL) are emerging as Ripple recently proposed a native Lending Protocol.

On Friday, Aanchal Malhotra, the Head of Research at RippleX, and Ripple’s software engineer Vytautas Vito Tumas jointly proposed an XRPL-native lending protocol under the “XLS – 66d” specification.

This announcement comes four weeks after The Crypto Basic first disclosed that efforts are underway to introduce an XRPL native lending protocol.

Notably, the unveiled proposal seeks to expand the XRPL’s DeFi capabilities, offering users more earning opportunities. It will enable peer-to-peer borrowing and lending of crypto assets without intermediaries. 

Moreover, this protocol will offer fixed-term loans with pooled funds and pre-set interest rates. While bypassing the need for collateral, it relies on off-chain underwriting and risk management. 

Notably, liquidity providers deposit XRP or other tokens into a lending pool to earn interest, while borrowers negotiate loan terms with a pool delegate who manages the lending pool. The protocol supports multiple-lender-single-borrower lending pools for fixed-term loans.

Specifications of the XRPL Lending Protocol

RippleX developers emphasize flexibility and reusability in the design of this proposed XRPL native Lending Protocol. First, they pointed out that flexibility is ensured by designing the protocol to be upgradeable. Also, reusability is attainable by introducing usable objects across multiple future protocols.

The RippleX developers introduced three specifications for the proposed lending protocol to cater to these features: XLS-64d, XLS-65d, and XLS-66d

Firstly, the XLS-64d specification enables the association of a single pseudo-account with multiple ledger entries, allowing for tracking balances and issuing tokens.

The XLS-65d specification, or “Single Asset Tokenized Pool,” introduces a new Pool ledger entry representing a single tokenized asset pool. This facilitates interaction with minimal, extendable ledger entries and flexible transactions.

Meanwhile, the XLS-66d introduces the actual lending protocol. It leverages XLS-65d for managing liquidity provider assets. 

Ripple CTO Reacts

David Schwartz, Ripple’s CTO, has voiced enthusiasm for the proposed XRP Ledger Native Lending Protocol. He highlighted its capacity to bring fresh utility to the XRPL, suggesting that its adoption could notably elevate the ecosystem. 

Notably, this proposal comes hot on the heels of XRPL implementing an automated market maker (AMM) functionality that allows XRP holders to provide liquidity and earn passively.

Following an amendment two days ago, enthusiasts committed over 820K XRP tokens to liquidity pools. However, the latest figures indicate that over 1.8 million XRP are now locked in liquidity pools.

Top 5 Altcoins Under $1 to Buy With Huge Prospects for Growth 

Lele Jima
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Top 5 Altcoins Under $1 to Buy With Huge Prospects for Growth 

While the market is saturated with thousands of crypto assets, we’ve highlighted a list of tokens under $1 with strong potential for growth.  

Investors who missed out on the last bull run hope to participate in this ongoing bull market. Recall that the last bull run in 2021 brought a lot of crypto assets, including Solana (SOL) and Shiba Inu (SHIB), into the limelight, with their prices skyrocketing to unprecedented levels. 

As the peak of the bull market edges close, investors are looking for affordable crypto assets with the potential to register significant price growth. 

Top 5 Altcoins Under $1 

That said, we’ve compiled a list of 5 promising under $1 altcoins that could record massive growth as the bull market progresses. This list is compiled for informational purposes and should not be taken as investment advice. 

ClinTex (CTI) 

The ClinTex (CTI) project is unique in the crypto space. Its blockchain was established specifically for clinical trials and transforming the medicine development industry. 

CTI is currently trading at $0.046, with a 24-hour trading volume of $406,198. Data from CoinMarketCap shows that it is the 1,275th biggest crypto asset, with a valuation of $3.78 million.

Like most altcoins, CTI attracted the attention of many investors in 2021 when its price surged to an all-time high (ATH) of $0.39. The token is currently trading on multiple exchanges, such as KuCoin, Gate.io, and Latoken. 

Decentraland (MANA) 

Another altcoin under $1 with strong growth potential is Decentraland (MANA). MANA rallied to an all-time high of $5.39 in 2021 and is currently trading at a discount of $0.50. 

The token demonstrated its prowess for significant growth last month when its price surged to around $0.8. However, MANA’s price has plummeted amid the widespread volatility in the broader market. Despite the plunge, top analysts expect MANA to perform exceedingly well in the peak of the bull run. 

At press time, the token’s 24-hour trading volume stood at $155.34 million, while its market cap is currently around $938.55 million, ranking it as the 94th-biggest crypto. You can trade MANA on Binance, Kraken, Bybit, OKX, and Crypto.com. 

Jasmy (JASMY) 

Ranked as the 92nd largest crypto by market cap, Jasmy (JASMY) is among the altcoins expected to record significant growth in the peak of the bull run. JASMY is down 20.4% over the past 24 hours to $0.019, being one of the most impacted in the current downturn.

Despite its massive plunge, JASMY has soared 198% year-to-date (YTD). At press time, JASMY is down 99.61% from its peak price of $4.99, registered on February 16, 2021. 

The token has a market cap of $953.61 million, with a daily volume worth $220.01 million. JASMY trades across top exchanges like Binance, Coinbase, KuCoin, and HTX. 

Mina Protocol (MINA) 

Mina Protocol is the fourth coin on our list of top 5 sub-$1 crypto assets with strong growth potential. At the time of writing this line, MINA is trading at $0.81, down 20.5% over the past 24 hours. 

The decline in price stems from the bloodbath witnessed across the broader market over the past day. Nonetheless, MINA is still expected to record tremendous growth during the bull market’s peak.

The token has already demonstrated its growth potential when it surged to an all-time high of $9.09 in June 2021. You can trade MINA on Binance, MEXC, DigiFinex, OKX, and BingX. 

Beam (BEAM) 

The last token on the list of top 5 sub-$1 assets with good potential for enormous growth is Beam (BEAM). At the time of writing, BEAM is changing hands at $0.026, with a 24-hour trade volume of $59.34 million. The token currently has a market cap of $1.4 billion and is ranked as the 68th largest cryptocurrency. 

BEAM has soared over 54% since the beginning of this year. However, it is down 39.6% from its ATH of $0.044, registered last month. At the moment, BEAM is trading on Binance, Bitget, Bybit, and Gate.io.

Shiba Inu: Market Expert Identifies Factors to Push SHIB to $0.000031 Despite Recent Dip

Sam Wisdom Raphael
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Shiba Inu: Market Expert Identifies Factors to Push SHIB to $0.000031 Despite Recent Dip

Maximilian, a crypto market analyst, has identified multiple factors capable of pushing Shiba Inu to the $0.000031 region despite the recent price crash.

The broader crypto market witnessed one of this year’s most substantial slumps yesterday, with most cryptocurrencies seeing double-digit losses over a 24-hour timeframe. Amid this downtrend, Shiba Inu has recorded a massive price drop, down 11.6% in the last 24 hours. 

Factors that Could Push Shiba Inu Higher

However, market analysts see this drop as a mere retest of Shiba Inu’s lows, which could lead to a major price upsurge. In his latest TradingView analysis, Maximilian revealed that SHIB bulls have continued to hold onto their tokens despite the persistent downturn. This is a factor that points to a looming recovery.

The Crypto Basic called attention to this trend in a previous report, with most Shiba Inu shark and whale addresses retaining their holdings. Citing data from an accompanying chart, Maximilian indicated that SHIB had maintained stability within a rising channel on the 4-hour chart.

Shiba Inu 4H Rising Channel Maximilian
Shiba Inu 4H Rising Channel Maximilian

At the time of the report, Shiba Inu had dropped to $0.00002783. However, since then, the bears have triggered steeper declines amid the broader market collapse. As a result, SHIB has now relinquished the $0.000027, $0.000026 and $0.000025 price supports, currently changing hands at $0.00002417.

With this drop, Shiba Inu has slipped below the lower trendline of the rising channel, having breached below the pivotal support at $0.000027. Nonetheless, SHIB looks to leverage the imminent market recovery to record a push back into the channel.

Shiba Inu Sees Increased Volume

Another factor contributing to Maximilian’s optimism is the sustained increase in volume, which confirms that market participants have continued to show interest in Shiba Inu. Remarkably, SHIB’s trade volume has spiked 164% over the last 24 hours to the current figure of $1.2 billion, marking 8.41% of its market cap.

In addition, Coinglass data indicates that Shiba Inu’s derivatives volume has surged by a whopping 201% to $369.97 million in 24 hours. This increased volume comes despite a 21.79% drop in Open Interest to $66 million, as traders exit their positions amid the market crash and surge in liquidations.

Besides the rise in volume, Maximilian confirmed that Shiba Inu’s overall uptrend has continued to accumulate when it comes to market adjustment. He noted the significance of SHIB defending the recently breached channel support at $0.000027.

SHIB Eyes the $0.00003 Level

Now that the bears have conquered this territory, SHIB looks to reclaim it. Maximilian expects the price to stabilize once it enters this channel, with a bounce off the support potentially serving as a push toward the upper trendline of the channel. This could take Shiba Inu to $0.00003195.

Meanwhile, SHIB is now down 21% this month. Another analyst MBM Crypto noted yesterday that Shiba Inu had formed a bullish pennant amid its current price movements. The recent collapse has taken SHIB to the support range of $0.000024 to $0.000028. MBM Crypto sets a target of $0.0000348 once SHIB breaks above the pennant.

Ripple Latest XRP Unlock Stirs Debate of Potential Settlement in SEC Lawsuit 

Lele Jima
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0
Ripple Latest XRP Unlock Stirs Debate of Potential Settlement in SEC Lawsuit 

With Ripple recently unlocking 500M XRP from escrow, crypto community members speculate that the company could be close to settling its legal dispute with the SEC.  

For context, Ripple recently unlocked a staggering amount of XRP from its escrow accounts. Data from crypto tracking service Whale Alert shows that the company unlocked 500 million XRP from escrow in two different transactions yesterday. 

While the first transaction released 200M XRP valued at $123.63 million, the second transaction contained 200M XRP worth $183.89 million. 

The recent transaction surprised the broader community, given that the crypto payments company usually unlocks XRP from its escrow accounts on the first day of every month. 

Is Ripple v. SEC Settlement on the Horizon?  

Consequently, the transactions have elicited reactions across the crypto community as enthusiasts try to understand the rationale behind the play. 

Most speculation revolves around the ongoing legal tussle between the United States Securities and Exchange Commission (SEC) and Ripple. 

Some XRP enthusiasts speculate that Ripple might have unlocked the coins to pay for its legal fees in the ongoing SEC lawsuit. However, others believe the surprise unlock indicates a settlement in the SEC v. Ripple lawsuit is on the horizon. XRP enthusiasts with this notion assert that Ripple intends to sell the coins to settle with the regulatory agency.

Interestingly, an X user with the username @TheJNelsonWay shared a document indicating that the SEC and Ripple are close to ending the multi-year legal battle via a settlement. 

Ripple’s Latest XRP Unlock Looks Suspicious  

According to the document, the SEC and Ripple legal counsels plan to hold settlement discussions ahead of a pre-trial conference scheduled for April 16, 2024. 

Another X user pointed out that the transaction looked suspicious as it came a day after the SEC conducted its closed-door meeting. 

As reported earlier, there was a closed-door meeting at the SEC on April 11. Top SEC officials, including commissioners and their secretaries, attended the meeting. Although the agenda of the meeting was unknown at the time, XRP enthusiasts speculated the SEC might deliberate on settling with Ripple.  

Ripple Completes April Quota 

Meanwhile, the 500M XRP unlocked is part of the 1 billion coins programmed to be released this month. Recall that Ripple had released only 500 million XRP from escrow on April 1. 

Although the system scheduled to release 1 billion XRP on April 1, only 500 million was triggered that day. As a result, the remaining 500M XRP coins were finally released yesterday, bringing the cumulative amount of XRP unlocked in April to 1 billion. 

Ripple CEO and Chairman Donate as Pro-XRP Lawyer Raises $1.2M to Unseat US Senator Warren

Abdulkarim Abdulwahab
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0
Ripple CEO and Chairman Donate as Pro-XRP Lawyer Raises $1.2M to Unseat US Senator Warren

The political campaign of pro-XRP attorney John Deaton has raised $1.2 million in public donations in the move to unseat U.S. Senator Elizabeth Warren, with contributions from the Ripple CEO and Chairman.

Deaton’s campaign team disclosed this milestone in a recent update on their dedicated campaign portal. Per the report, the pro-XRP lawyer’s movement for the next Massachusetts senator ended the first quarter of the year with about $1.2 million raised from public donations. 

This milestone is particularly remarkable considering that the team garnered the funds in 42 days since announcing the fundraiser on February 19. Notably, the total includes a substantial $1 million loan from the candidate himself and over $360,000 from individual supporters.

Breakdown of the Donations

In particular, the Deaton for Senate campaign currently holds a total cash reserve of $1,196,892.39, as reported to the U.S. Federal Election Commission (FEC).

Individual contributions reached $360,690.38, sourced from 3,129 supporters. Of these contributions, 2,903 were small-dollar donations of less than $200. Notably, the average contribution amounted to $117.51.

Reacting to the impressive numbers, campaign manager Michael Gorecki expressed excitement and gratitude. 

“We’re thrilled that thousands of donors have stepped up to support the candidacy of United States Marine and political outsider John Deaton in such a short period of time,” remarked Gorecki. 

In parallel, he emphasized the significance of the campaign’s strong financial position as it enters its first full quarter of fundraising, expressing readiness to challenge Senator Warren head-on.

Deaton Reacts

John Deaton himself responded to the milestone by highlighting the sentiment he had encountered from people across Massachusetts. He shared that individuals at grocery stores, coffee shops, and gas stations are expressing fatigue with Washington’s political elite indifference to the people’s interests.

Furthermore, Deaton conveyed that these constituents have grown tired of the inability of the U.S. Congress to combat the challenges of inflation and the sluggish economy. He emphasized that they are eager for change.

Crypto Executives Donate to Deaton’s Campaign

According to a recent report, over six executives in the crypto sphere have made financial contributions to support Deaton’s campaign to challenge Senator Warren, a prominent critic of the industry.

The report mentions notable contributors such as Ripple’s CEO, Brad Garlinghouse, and Chairman Chris Larsen. Both reportedly committed to a maximum fundable amount of $6,600.

Other contributors include Charles Hoskinson of Cardano, Anthony Scaramucci of Skybridge Capital, and the Winklevoss twins, founders of the U.S.-based exchange Gemini.

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