Market
XRP Active Addresses Hits 6-Month Peak—Could A Market Shift Be Coming?
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others.
Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.
Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics.
When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…)
Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life.
In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.
Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think’s probably unfeasible, I’ve done already a hundredfold.”
PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.
Market
John Deaton Loses Senator Bid to Elizabeth Warren
US Senator Elizabeth Warren secured her third term in Massachusetts. She defeated Republican challenger John Deaton, a high-profile attorney and advocate for cryptocurrency.
The Associated Press announced the victory on Tuesday night at around 8 p.m. as Warren claimed 73% of the vote compared to Deaton’s 26%.
Deaton faced an uphill battle in his first political campaign despite his popularity within the crypto community as an outspoken XRP advocate and broader calls for friendly regulation. He emerged as a Republican Senate nominee by defeating rivals Robert Antonellis and Ian Cain in a three-way primary.
His campaign received significant support from prominent figures in the crypto industry, including billionaire Mark Cuban. Ripple CEO Brad Garlinghouse also endorsed Deaton, commending his commitment to advocating for the digital asset sector. This backing raised Deaton’s profile and highlighted the contrast between him and Warren, particularly in their differing views on cryptocurrency regulation.
Read more: Crypto Regulation: What Are the Benefits and Drawbacks?
Throughout his campaign, Deaton focused on his vision for a balanced regulatory approach to crypto. In an interview with BeInCrypto, he previously expressed his belief that “overregulation” would stifle innovation and harm American competitiveness.
This stance resonated with crypto advocates. Nevertheless, it struggled to capture a broad base of support among traditional voters in Massachusetts. Warren’s record as a seasoned legislator held strong appeal.
Meanwhile, Senator Warren, a powerful figure known for her prior stance against the crypto industry, softened her tone in recent weeks.
“I’m all for having a cryptosystem if people want to buy and sell crypto. All I want is for them to follow the same rules as everyone else,” Warren said.
Previously, she had called for strict measures to rein in crypto, often framing it as a risk to consumers and a tool for financial crime. Tyler Winklevoss, co-founder of the Gemini cryptocurrency exchange, has been a vocal critic of Warren’s approach to digital assets, often labeling her perspective as “outdated” and “overly restrictive.”
Warren’s victory likely ensures that regulatory scrutiny of digital assets will remain on the agenda in Washington. However, her recent shift from harsh critique to a more balanced tone could signal a new phase in the crypto-regulation debate.
Although Deaton lost by a large margin, his campaign showcased the increasing prominence of cryptocurrency issues in US politics. His platform resonated with crypto-friendly voters and industry advocates who view the sector as the future of finance.
Despite his defeat, Deaton struck a conciliatory tone in his concession speech. He extended an offer to collaborate on areas of mutual interest, suggesting potential bipartisan efforts even on contentious topics.
“I just called Senator Warren and congratulated her on her victory. If there was something that you think I could be helpful with, for example, women’s reproductive rights or issues we agree upon… I wouldn’t hesitate to offer my assistance,” Deaton said.
Read more: Everything You Need To Know About Ripple vs. SEC.
Moving forward, Deaton said he would continue advocating for clear and reasonable crypto policies. Specifically, he would remain involved in the Ripple versus SEC (Securities and Exchange Commission) case regarding XRP’s status.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
XRP Price Momentum Reignites As Bitcoin Hits New ATH: Is a Major Rally in Sight?
XRP price is gaining pace above the $0.5050 support zone. The price is rising and might even aim for a move above the $0.5500 resistance.
- XRP price is eyeing a decent increase above the $0.5250 zone.
- The price is now trading above $0.5220 and the 100-hourly Simple Moving Average.
- There was a break above a connecting bearish trend line with resistance at $0.5100 on the hourly chart of the XRP/USD pair (data source from Kraken).
- The pair could gain bullish momentum if it settles above the $0.5350 resistance zone.
XRP Price Climbs 4%
XRP price remained supported above the $0.4880 level. It formed a base and started a fresh increase above $0.5050 like Bitcoin and Ethereum.
There was a move above the $0.5120 and $0.5200 resistance levels. There was a break above a connecting bearish trend line with resistance at $0.5100 on the hourly chart of the XRP/USD pair. Finally, it tested the $0.5365 zone. A high is formed at $0.5368 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $0.4948 swing low to the $0.5368 high.
The price is now trading above $0.5200 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5350 level. The first major resistance is near the $0.5365 level.
The next key resistance could be $0.5450. A clear move above the $0.5450 resistance might send the price toward the $0.5500 resistance. Any more gains might send the price toward the $0.5665 resistance or even $0.5720 in the near term. The next major hurdle might be $0.5840.
Another Decline?
If XRP fails to clear the $0.5350 resistance zone, it could start another decline. Initial support on the downside is near the $0.5250 level. The next major support is near the $0.5155 level or the 50% Fib retracement level of the upward move from the $0.4948 swing low to the $0.5368 high.
If there is a downside break and a close below the $0.5155 level, the price might continue to decline toward the $0.5050 support in the near term. The next major support sits near the $0.500 zone.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.
Major Support Levels – $0.5250 and $0.5155.
Major Resistance Levels – $0.5350 and $0.5500.
Market
Bitget’s New Token Listing Portal Demands Quality, Not Fees
Bitget, a leading crypto exchange, opened a transparent new listing application portal for project teams. This comes shortly after several other crypto exchanges face allegations of charging huge fees for token listing.
Bitget will not charge project teams to receive a listing, but the exchange demands high standards for all listed tokens.
Bitget’s Token Listing
Crypto exchange Bitget opened a new application portal for token listings, according to a press release shared with BeInCrypto. Bitget promised that the portal would include enhanced due diligence and a rigid review process for token listings and generally aim to provide project teams with transparency. This comes one day after a major token listing controversy from Binance and Coinbase.
Read More: Bitget Review: What You Need To Know in 2024
Specifically, several token developers and community leaders described incidents where these exchanges asked for exorbitant listing fees. These include an alleged demand for 15% of one team’s total token reserve or similar expenses to receive a listing. Major exchange listings can significantly increase token valuation and trade volume, leading some to pay high premiums.
In this controversy, several parties from both sides have advocated for the growing decentralized exchange sector. However, Bitget is a centralized exchange, and it’s using this new listing portal to claim it’s a transparent one.
“[We] at Bitget strive to create a platform where crypto gems can truly shine. Bitget prioritizes projects with strong innovation, network effects, and ecosystem value. Our listing and security team work closely to make sure we bring trustworthy projects on the platform. We aim to… [drive] continuous innovation and prosperity in the crypto industry,” Bitget CEO Gracy Chen stated.
Read More: What Are Decentralized Exchanges and Why Should You Try Them?
Bitget emphasized that it does not charge any fees during the listing application process, whether to begin or as payment for assessment services. The firm also claims to collaborate with project teams in several steps and monitor tokens after the official listing. Underperforming tokens may even face delisting if they fail to meet quality standards continually.
However, the process isn’t easy. Above all, Bitget asks potential clients to report any improper conduct or conflicts of interest from company representatives.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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