Ah, dear readers, gather ’round as we delve into the latest escapades of our beloved crypto world, where fortunes are made and lost faster than you can say “blockchain!”
XRP centralized? Ripple CTO ends speculation
As the week dawned, a new riddle emerged for the X crypto community: Is XRP truly decentralized, or is it just a well-dressed puppet on Ripple’s strings? Some users, in a fit of existential dread, fretted over Ripple CEO Brad Garlinghouse being the poster child for XRP, while Bitcoin frolics freely without a central figure. Enter Ripple’s very own David Schwartz, the knight in shining armor, who gallantly declared that XRP has no issuer and that the entire supply was birthed with the XRP Ledger. He pointed out that unlike most blockchains, XRP Ledger is like a buffet where anyone can claim as much XRP as they desire—no reservations needed! Schwartz, with a wink, suggested that before we dive into the decentralization debate, we should ponder why we even care. “What do you want to happen, and what do you want to avoid?” he mused. A philosophical crypto conundrum, indeed!
$878,917,974 Bitcoin stuns largest US crypto exchange, Coinbase
On a fateful Monday, May 26, the ever-watchful Whale Alert, our crypto gossip columnist, spotted a jaw-dropping Bitcoin transfer to Coinbase Institutional, the VIP lounge for crypto bigwigs. A staggering 619 BTC, worth over $68 million, made its way to the exchange. As Bitcoin dipped below $110,000, whale activity surged like a tidal wave, culminating in a colossal BTC transfer that had Coinbase buzzing. Later that day, the same source reported a withdrawal of 8,022 BTC to an anonymous wallet—worth a mind-boggling $878,917,974! This transaction was executed in a flurry of transfers, each carrying about 200 BTC, all heading to a single crypto wallet. Talk about a wallet party!
Ethereum (ETH) eyes $3,000, but one thing remains
Yesterday, Ethereum, the little engine that could, continued its recovery, rising nearly 2.9% to $2,636 after a brief dip to $2,500. It’s like watching a phoenix rise from the ashes! The recent gains brought ETH tantalizingly close to the critical 200-day Simple Moving Average at $2,699, a resistance level that has been as stubborn as a mule since May 13. Traders are on the edge of their seats, as a sustained move above this barrier could catapult ETH toward the coveted $3,000 mark. However, on-chain data from Glassnode suggests that selling pressure might lurk around $2,800, where many investors could be itching to cash out. In May, ETH soared above $1,900, making most holders feel like they hit the jackpot. Now, with the price above the true market mean of $2,400, things are looking up! But reaching $2,900 is still the golden ticket for a confidence boost in this rally.
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2025-05-28 19:36