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Nietzbux, an #XRP community pundit, has shared his theory on why Ripple has decided to lead efforts to buy XRP instead of using its escrow balance. For context, Bloomberg recently reported that Ripple was looking to lead a fundraising effort in an attempt to raise up to $1 billion for the purchase of XRP tokens. While the firm has not officially confirmed this report, the excitement has already engulfed the XRP community. Interestingly, such a move could build on the existing trend surrounding XRP treasuries, as multiple firms have already shown interest in establishing these treasuries. One such company is VivoPower, which raised $19 million earlier this month to expand its XRP treasury. Firms like Everything Blockchain and Trident Digital have revealed plans to establish XRP treasuries. With Ripple looking to jump on the trend, as previously speculated by some industry leaders, the move could boost confidence in XRP. However, if Ripple is establishing an XRP treasury, wouldn’t the most logical avenue be to use some of the tokens from its escrow accounts, which currently hold about 35 billion XRP? Nietzbux confirmed that multiple XRP community members have asked this question, but suggested there could be several reasons the blockchain payments firm could be taking the fundraising route. He then presented one factor but confirmed that it was mere speculation. Specifically, the pundit called attention to a theory popularized by certain community pundits regarding pre-allocation of Ripple’s escrow holdings to certain institutions. This theory suggests that Ripple may have entered deals that effectively sold most of its escrow holdings to institutions. As such, Ripple may not be the sole owner of all the 35 billion XRP currently in escrow. According to Nietzbux, if this theory is correct, then Ripple could actually have less XRP than the public believes. He suggests this could be the reason the firm chose to lead a fundraising effort to fill up its proposed XRP treasury instead of just using its escrowed tokens. #Crypto
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Florida lawmakers have started the new legislative session with a bill that would let the state’s chief financial officer invest public money in #Bitcoin , tokenized assets, and #NFTs The House Bill 183, filed in the Florida House, aims to include digital assets in the state’s investment strategy beginning July 1, 2026. If approved, the CFO could direct a maximum of 10% of select public funds toward investments in cryptocurrencies or ETPs. Specifically, this allocation would apply to funds such as the General Revenue Fund and various trust funds. Similarly, a provision would allow the State Board of Administration to invest up to 10% of the Florida Retirement System Trust Fund in digital assets. #CryptoNews🚀🔥V
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Technical indicators highlight strong sell signals for Shiba Inu amid price downtrend, suggesting further correction in the coming days. #shiba⚡ Inu is down 8.5% in the past 24 hours, following a broader market capitulation. The meme coin has now added one more zero to its price, further expanding its decimals. Notably, most technical oscillators flash a neutral perspective for Shiba Inu, suggesting indecisiveness in the token’s price development. Of the 11 oscillators, 8 indicate neutrality, two suggest bearish trends, and just one is flashing a buy signal. Specifically, major indicators like the Relative Strength Index (RSI) stay neutral. Weekly RSI 14 trends at 45.90, which is near equilibrium between the oversold from 30 and the overbought from 70. The indicator shows the magnitude of price change, suggesting that while prices have corrected considerably, the market is neither too strong nor too weak. Moreover, the RSI has followed the price trend and has not signaled a divergence. Nonetheless, the Moving Average Convergence Divergence (MACD) has flashed a sell signal. It shows a bearish crossing between the MACD and the signal line, suggesting further bearish developments for Shiba Inu. The MACD histogram has also printed a red bar, confirming the potential downward price action. Furthermore, moving averages show a strong sell signal. Of the 15 indicators highlighted, just one is neutral, with the others all flashing bearish signs. The 10-week to 200-week simple and exponential moving averages all suggest a downward spiral for Shiba Inu, as the token has fallen below all of them. This brings the summary of the technical analysis to a strong sell trend for Shiba Inu. Meanwhile, if this is anything to go by, then Shiba Inu could correct further from here. How low can it go? Past analysis has identified possible targets if the meme coin turns out bearish as it is now. #CryptoNewsFlash
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