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BankSocial CEO Encourages Ripple (XRP) to Visualize 1,000,000,000x Bigger John Wingate, BankSocial CEO, made an optimistic statement regarding HBAR and XRP, encouraging thinking '1,000,000,000x bigger'. However, he clarified that this doesn't specifically apply to XRP's price. He described his meeting with the Ripple team as the most significant in international settlement history, also revealing that HBAR will be used for backend operations while XRP will manage international money movement into certain jurisdictions. BankSocial will be responsible for loans, lending, staking, and social governance around the DAO. Wingate's statement led to speculations about potential price targets for XRP, but he denied any price predictions, explaining that he referred to on-chain transaction volume relative to current usage.

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CryptoQuant Reports Minimal Selling Activity on Crypto Exchanges Despite Price Increase Cryptocurrency assets have seen a surge in prices over recent weeks, but this has not triggered a rush to sell among investors, according to CryptoQuant. The report reveals a sharp decrease in inflow and deposits for leading cryptocurrencies such as bitcoin (BTC), ether (ETH), and Ripple's XRP, even as they reach and record all-time highs. The decline in inflow suggests that investors are more inclined to hold than sell. The trend is also reflected in the number of individual deposits to trading platforms, which has significantly decreased. Conversely, the inflow of Tether (USDT) into exchanges continues to grow, with total USDT reserves on exchanges reaching an all-time high of $46.9 billion. This increase in stablecoin balances indicates rising market liquidity, which is generally supportive of digital asset prices.

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Assessment of Bitcoin Value: BTC Shows Fragility After Achieving Record Peak Bitcoin marked a new record this week, hitting $112K, surpassing its previous all-time high of $109K. While the currency exhibits a slight bullish trend, it also shows signs of consolidation in the short term. Despite the recent pullback towards the $109K level, Bitcoin's bullish sentiment remains strong, indicating the possibility of an upward trajectory towards $115K. However, if the selling pressure intensifies, a deeper correction could occur, potentially retesting the $100K support level. Analysis of on-chain metrics reveals that long-term holders show no signs of significant profit realization, indicating an ongoing accumulation behavior and confidence in higher future valuations. This suggests that the current consolidation phase is likely driven by short-term holders and retail participants, rather than broader market distribution. If long-term holders continue to display conviction, Bitcoin's upward trend may resume after this short-term pause.

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Evaluation of Ethereum's Value: Is a 'Beneficial' Adjustment on the Horizon for ETH? Ethereum is wrestling to reclaim its vital 200-day moving average of $2.7K, forming a potentially bearish double-top pattern. This suggests a possible short-term correction towards the $2.2K support zone. This correction could attract new demand, providing momentum for a breakout above the $2.7K resistance. On a lower timeframe, Ethereum's weakening bullish momentum is shown in an ascending wedge, signaling diminishing buyer strength and increased seller influence. Onchain analysis indicates that Ethereum stays below a crucial resistance range. However, recent data from the futures market indicates a trend of aggressive selling, suggesting that bears are gaining control. If this selling continues, a deeper correction towards the $2.2K support could occur. If, however, this selling is driven by short-term traders, it could signify a healthy consolidation phase preceding a larger bullish breakout.

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American Visitor in London Sedated and Robbed of $123K in Cryptocurrency Jacob Irwin-Cline, a 30-year-old US software developer, was allegedly drugged and robbed during a short stay in London, losing $123K in cryptocurrency. He claims he was targeted by a man posing as an Uber driver, who offered him a spiked cigarette, causing him to lose consciousness intermittently. During these periods, he is said to have handed over his passcodes, allowing the attacker to access and drain his digital wallets. Despite efforts to recover his accounts, his assets were gone within hours. This incident reflects a growing trend of physical attacks, known as "wrench attacks," aimed at extracting cryptocurrency access. The theft is currently under investigation by the Metropolitan Police and the FBI cybercrime team. However, Irwin-Cline fears the chances of recovering his digital assets are low.

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