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CURRENT UPDATE ON CRYPTOCURRENCY
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CURRENT UPDATE ON CRYPTOCURRENCY
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🚨🚨 #Ripple 🚨#whalealert 🚨$XRP Here’s the breakdown with some fresh info as of May 2, 2025:🔒 Ripple just locked up 170,000,000 XRP, which is worth a hefty $376,274,990! They’re sticking to their escrow game plan to keep the XRP supply in check.📊 Right now, XRP is sitting at $2.22 per token (as of May 1, 2025). It’s up 3.19% in the last 24 hours, even with a tiny 0.47% dip in the past hour—still looking solid!💰 This 170M XRP is only about 0.29% of the 58.44 billion XRP out there (out of 100 billion total). So, it’s not shaking things up too much, but it’s still a big number to see locked away.🔄 Ripple’s been doing this escrow thing since 2017, starting with 55 billion XRP. Now they’re down to about 38 billion in escrow. They usually release 1 billion XRP each month and re-lock some—like this 170M—to keep prices from going wild.📈 XRP’s been on a nice little run, up 2.16% this past week! A lot of folks are hyped about the ProShares ETF approval for three XRP products—it’s got investors feeling good.🚀 Looking ahead, XRP just broke out of a 2025 downtrend, and people are watching the $2.38 resistance level. Plus, with RippleNet’s On-Demand Liquidity (ODL) getting more use for cross-border payments, XRP could see even more action.⚖️ Oh, and Ripple’s escrow moves are also about playing fair—they’re trying to avoid any market manipulation drama, especially since they’ve been cutting down their XRP holdings over the years. $XRP
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⚡️ BULLISH: Charles Schwab CEO Rick Wurster says, “We’re working on a plan to launch spot crypto in the next 12 months.” @Cointelegraph News | Markets | YouTube
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🚨🚨 #BitCoin 🚨 $BTC 🚨🚨 Bitcoin's wild ride this month! 🚀Started at $79,000, had us holding our breath...Then a blackout moment—total suspense! 😅Boom! Climbed to $97,000—eyes wide open! 📈What a rollercoaster—how are you all feeling about this? 🎢
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🚨🚨 #Tether 🚨 #usdt 🚨🚨 ⚡️ Big Win for Tether: $4.52 Billion Profit in Q1 2024 Here’s what you need to know from their latest attestation report: 💸 Massive Profit Tether pulled in a jaw-dropping $4.52 billion in net profit in just the first quarter of 2024 — smashing their own previous records. 📈 Growing Stronger Their net equity has now climbed to $11.37 billion, up from $7.01B at the end of 2023. That’s serious growth in just three months. 💵 USDT Demand Soaring They issued over $12.5 billion worth of USDT in Q1 alone — showing how much the stablecoin is still in demand globally. 🪙 Smart Asset Moves They’re holding around $90 billion in U.S. Treasuries, proving their reserves are strong and conservative. They also boosted their Bitcoin stash to $5.4B and their gold holdings to $3.7B — diversifying but still staying solid. 🏦 Playing It Safe Tether slashed its bank deposit exposure by over 90%, cutting it down to just $481 million to avoid risks from bank failures. 🔍 More Transparency For the first time ever, they gave detailed insights into their gold and Bitcoin holdings and even revealed their total net equity — a major step toward transparency. 🌐 Investing in the Future They’ve already poured $5B+ into things like AI, renewable energy, Bitcoin mining, and peer-to-peer tech. Tether’s not just sitting on cash — they’re building. --- Bottom line? Tether is stacking profits, tightening security, and expanding into future tech — all while issuing more USDT than ever. This is a power move in the stablecoin space.
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🚨🚨 #CryptoETF 🚨$BTC 🚨$ETH 🚨 Bitcoin ETFs 💰: Folks cashed out $56.3M, selling ~597 BTC. BlackRock’s IBIT likely got hit hardest, with BTC chilling at $94K. After a $1.4B inflow bender last week, this is a vibe check. 😎Ethereum ETFs 🧠: Investors ditched $2.3M and 1,280 ETH. Grayscale’s ETHE probably took the L, while Fidelity’s FETH held tight. ETH’s at $3,200, but X is saying BTC’s “digital gold” is stealing its thunder. 😕Big Picture 🌎: Market’s feeling edgy—maybe that $1.5B Bybit hack or trade war rumors. Still, BTC ETFs are up $2.1B this year, and some are hyping $180K if countries stack BTC. ETH could shine if ETF staking pops off. 🤑What to Watch 👀: Keep tabs on IBIT for BTC comebacks and FETH for ETH moves. Whales are snagging BTC, and X is buzzing about a Solana ETF vibe. 🎉
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