Massive movements of a large number of XRP tokens have been taking place throughout the past 24 hours, and many are wondering what’s their purpose.
In total, over 70 million worth of XRP has been on the move, part of it going out of known Binance addresses.
The first one saw 28,218,783 XRP worth around $13.5 million (at the time of the transaction) transferred from Binance.
The second one saw 26,234,427 XRP worth around $12.4M transferred from the exchange.
The last one saw 30,820,000 XRP worth around $14.9 million moved from an unknown wallet.

All three of these transactions were flagged by the popular bot – Whale Alert on X.
Where Did All That XRP Go?
That’s the question that everyone is asking. Well, the first two transactions, totaling around 54 million tokens, both

While everyone seems to be focused on the developments surrounding the case between Ripple Labs and the United States Securities and Exchange Commission, the XRP Ledger has managed to achieve a considerable milestone.
XRPL Hits an Important Milestone
The XRP Ledger (XRPL) is a public blockchain designed to allow for quick, low-cost, real-time transfer of fiat currencies, XRP, and a range of other digital assets.
The network recently achieved a considerable milestone: over 10 million XRP tokens are locked in its AMM pools.
Source: XRP ScanNow, it’s worth noting that this number has declined somewhat in the past hours, currently sitting at around 8.9 million XRP locked across almost 600 AMM pools.
What is an AMM, and Why is This Important?
AMM stands for an automated market

The theory of crypto market cycles is one that’s been around for many years now. In essence, many traders and analysts are of the opinion that there’s a considerable bull market once every four years, usually predicated by the Bitcoin halving.
So far, that has been the case.
Within these major cycles, there are usually countless other mini-cycles where, during some instances, certain altcoins perform better than BTC and can deliver larger gains. But the risk of that is that if the user fails to exit their altcoin position in time, they might be left holding a bag that might never recover.
Is that the case for Cardano (ADA) holders?
The Opportunity Cost of Holding Cardano
The popular analyst Caleb Franzen recently took it to X to outline a painful truth about ADA.

Over the

It’s safe to say that Bitcoin’s price has seen better days. Just a couple of days ago, it dropped to a low of around $63,400 – a point that was last observed about a month ago.
Since June 7th, the BTC price has lost about 11%, with altcoins tumbling even harder.
This hasn’t deterred some analysts from remaining bullish, and CrediBULL Crypto is one of them.
$100K Bitcoin Price Still Possible
The well-known crypto analyst with 400,000 followers on X took to the social media platform yesterday to share his thoughts on Bitcoin’s price.
CrediBULL said:

Our last impulse took us from $38K to $73K in 1.5 months. That’s a $35K move in about 50 days.
The impulses that follow should be even more aggressive and we are trading at $64K.
Our next impulse could send us to $100K within 30

In the following, we take a look at ChatGPT’s breakdown and analysis on the question of how high XRP can go if Bitcoin’s price reaches $1 million.
The $1 million BTC price prediction was made by the popular analytics firm Bernstein Research.
As CyrptoPotato reported earlier in June, Bernstein analysts predicted that BTC could reach $200K by the end of 2025. The experts further expect the cryptocurrency to reach $1 million by 2023, outlining:
“We believe bitcoin is in a new bull cycle. The ‘halving’ presents a unique circumstance, where natural bitcoin sell-pressure from miners declines by half (or even more, as they inventory more in anticipation), while new catalysts for bitcoin demand arise, leading to exponential price moves.”
But how may this affect other altcoins,

Ripple’s ongoing case is undoubtedly at the forefront of the cryptocurrency industry, and its outcome is likely to have an impact on the price of XRP.
However, analysts are taking the opportunity to forecast potential price points based on certain technical patterns, irrespective of the SEC lawsuit’s outcome.
One such analyst is EGRAG CRYPTO, who recently pointed out a bullish candle formation known as the quarterly hammer.
Ripple Price Prediction for 2024
The analyst points out that based on this pattern, XRP needs to close the next three-month candle above $0.55 – $0.58 in the next ten days. This would pave the way for a “mega pump,” but given the current PA, it might be a bit challenging.
Source: EGRAG CRYPTO, XThat would potentially complete the first Hammer formation

This week was very exciting in terms of developments within the cryptocurrency industry.
In the following, we take a look at some of the most important crypto news from the last seven days.
Let’s dive in.

Most Important Crypto News This Week
The list is chronological, starting from June 15th.
Crypto Investments Hit $1 Billion in May With Ethereum Dominating. According to a report published by KuCoin Research, the crypto industry saw a public disclosure of around 156 investments in the month of May. The total amount of these investments summed up to around $1.02.
Nigeria Drops Tax Evasion Charges Against Binance Executives. While the executives remain defendants in a money laundering case brought by the country’s EFCC, the authorities dropped the tax evasion charges

Artificial Intelligence has entered the scene with a bang, and that’s particularly true for OpenAI’s ChatGPT.
Although not accurate on multiple occasions, it’s always good fun to poke its AI-powered brains on different hypothetical scenarios. That’s what we’ve decided to do – combining existing predictions and potential developments.
Can Bitcoin Reach $1 Million?
As CryptoPotato reported earlier, analysts from the well-known firm Bernstein Research gave multiple particularly bullish Bitcoin price predictions.
First, they positioned a forecast for BTC to reach $200,000 by the end of 2025. It’s worth noting that they had improved this target, which previously was $150K.
Once the price hits this cycle high in 2025, Bernstein believes that it is likely to tap a whopping $1

It’s been a tough week, and there are no two ways around it. The total cryptocurrency market capitalization declined by more than $70 billion as Bitcoin’s price dipped below $64K.
It’s been somewhat of a rollercoaster ride throughout the past seven days as the BTC price attempted to recover on a few occasions but failed to regain its position. Last Friday, the cryptocurrency tumbled toward $65K but the bulls were quick to recover during the weekend. As soon as the new week started, though, BTC bears took control once again and negated all attempts of a swift recovery.
Now, Bitcoin is found trading at $64K, although it’s looking rather shaky. The liquidations are also spiraling up, meaning that a lot of futures traders are seeing their positions wiped off.
But the downturn

The cryptocurrency market experienced a sharp decline during the evening of last Friday. Bitcoin’s price crashed below $70K, prompting a considerable market sell-off. The total capitalization is down by about $100 billion in the process, currently sitting at around $2.57 trillion.
Everything was going well when the bears decided to have a late Friday night party. The move was sudden, pushing Bitcoin’s price below $70K and initiating a considerable downturn across the entire cryptocurrency market. It caused hundreds of millions of liquidations and also sparked fears of a prolonged correction.
The following seven days were incredibly choppy. The price plateaued during the weekend, but the bulls initiated a recovery attempt later during the week. Unfortunately, it was

Back in 2021, it seemed like every celebrity was getting involved with the cryptocurrency industry through non-fungible tokens.
The Bored Ape Yacht Club (BAYC) and CryptoPunks were the hottest collections, and mega stars like Eminem and Justin Bieber (just to name a few) were rocking NFTs as their profile pictures on Twitter (now X).
Three years later, it seems that multiple celebrities are now getting back to crypto, this time through meme coins.
Iggy Azalea’s MOTHER Meme Coin
Late in May, the Australian model and rapper – Iggy Azalea – announced her very own cryptocurrency.
Ticked MOTHER, the token rallied, reaching an all-time high of around $0.27, which put it at a market capitalization of close to $300 million. Currently, it is trading at a market cap of around $150

It’s meme coin season, alright!
There are no two ways around it: meme coins are undoubtedly the main narrative on Solana, and it seems it’s just a matter of time before another celebrity jumps on board.
After Iggy Azalea, it’s now Andrew Tate who has put the Solana community on its toes. Tate-inspired meme coins are now the top trending cryptocurrencies on DEXScreener, amassing hundreds of millions of dollars worth of capital in less than a couple of hours.
It’s challenging to follow the precise timeline, but Tate has confirmed that he is, indeed, “creating chaos” in the crypto market and is attempting to “crash Solana.”
“There’s a lot of people asking me about all of this chaos I’ve created in the crypto markets as I’m trying to crash Solana. Millions of tweets have been

GameStop and its stock price have been the talking point of many crypto-centric and traditional finance communities throughout the past few days – not without reason.
GME’s price went on a massive rollercoaster this week, soaring by 130% and plummeting by 55% shortly after.
Many financial experts have chipped in with opinions, one of whom is the prominent BTC permabull – Anthony Scaramucci.
GameStop Should Buy Bitcoin: Scaramucci
GameStop was all the rage this week as virtually everyone who is even remotely interested in the so-called meme trading was anticipating today’s stream of Keith Gill.
Gill, who is perhaps better known by his nickname Roaring Kitty – went live on YouTube hours ago for the first time in almost four years, but we will get to that in a second.

The cryptocurrency market has taken a u-turn in the past hour, with the majority of coins dropping considerably. Bitcoin’s price now trades below $70K, while the market sees close to $200 million worth of liquidated positions.
BTC took a sudden hit as its price plummeted below $70K following what many considered a renewal of the bull run.
Source: Binance via TradingView
As seen in the chart above, the move was relatively sudden, completing a decline of around 2.5% in the past few hours.
The drop is not specific to Bitcoin, as virtually all of the leading altcoins are also crashing.
Binance Coin is down 3% over the past hour alone, while DOGE dropped by more than 6%.
Ethereum lost 3% as well, XRP – around 4$, Solana – about 3.6%, and so forth.
This also resulted in

In 2024, the United States Securities and Exchange (SEC) made the historic decision to approve the trading of spot Bitcoin exchange-traded funds (ETFs).
This opened a new chapter in the cryptocurrency industry, further legitimizing BTC as an investment option that regulators deem worthy of regular investors’ access.
However, there are multiple intricacies associated with buying and selling spot BTC ETFs, so we’ve prepared the ultimate guide to which ones are the best, their associated fees, custodians, and everything you need to know about this new product.
Let’s take a closer look.

Table of Contents
What Are Bitcoin Exchange-Traded Funds (ETFs)?
Explained simply, a spot Bitcoin ETF provides investors with direct exposure to Bitcoin, unlike futures-based Bitcoin ETFs,

The cryptocurrency market has calmed down considerably in the past 24 hours, halting the bearish assault and finding some consolidation in the process.
Bitcoin’s price is trading at around $61K on Sunday morning, while Ethereum is now firmly below the pivotal $3K level.
Are the Bitcoin Bulls Regrouping?
As CryptoPotato reported yesterday, Bitcoin’s price experienced a sudden correction, dropping below $61K and losing around 3.5% in a single day.
This seemingly had to do with a statement from a representative of the US Federal Reserve, who said that it may be too early to think about rate cuts.
The market has calmed down since then, and it seems that the worst is behind us.

Source: CoinGeckoThe bulls even attempted a recovery, but it was quickly halted at around $61.4K

The concept of liquid restaking, a topic that has gained significant popularity in recent quarters, offers users the exciting possibility to extract additional value from their staked tokens.
Predominantly, however, this has been applied throughout a variety of Ethereum-based applications.
BounceBit, on the other hand, is delivering a BTC restaking infrastructure designed to provide a foundational layer for various restaking products.
In the following guide, we take a closer look at how BounceBit works, the tokenomics behind its native cryptocurrency, and more. Let’s dive in.
Quick Navigation
What is Liquid Restaking?
Before we explain what BounceBit does, it’s important to understand the concept of liquid restaking that we mentioned above.
You might be familiar with

Bitcoin’s price went on quite the wild ride throughout the past seven days. The cryptocurrency is down 4.2% during that period but this summary doesn’t do the action any justice, so let’s dive in.
The market was fairly calm in the beginning of the week, trading at around $64K with little signs of significant volatility. Things started going downhill after April 30th, however. It was then BTC took a massive hit, dropping toward $60K, sending many investors in panic.
The next day, on May 1st, BTC tumbled below $57K. This coincided with the first-ever day of IBIT ETF outflows. This is the spot Bitcoin ETF launched by BlackRock, which was up only in terms of flows until that date. The market has since been recovering, with BTC skyrocketing toward $62K today, recording gains

The market continues to chop, clearly unable to pick a definitive direction throughout the past seven days. The total capitalization currently stands at around $2.5 trillion, more or less where it was during the same time last week. However, there’s been substantial volatility, sending many leveraged traders into liquidations. Let’s have a look.
Starting with Bitcoin, it has failed to make any progress during the past seven days, but this wasn’t due to a lack of effort. On Monday, April 22nd, BTC bulls took its price toward the higher end of the current range—above $66K. Critical technical resistance lies at around $68K, and the bulls attempted to break above it on two separate occasions—one on Tuesday and one on Wednesday.
Both of these were unsuccessful. It appears that

Following a couple of weeks of consolidation and correction, the cryptocurrency market is starting to heat up again. Most of the coins are trading well in the green, pushing the total capitalization to just shy of $2.8 trillion.
Bitcoin’s price recorded an impressive performance, increasing by around 10% in the past seven days. It is currently trading at around $70,000, where it seems to have solidified throughout the past few days.
The increase started at the beginning of the week when BTC started pushing toward $66K on Monday. It wasn’t long after that when it was able to increase above that level and reach $70K shortly after. The bulls attempted to push the price above $72K but fell short. Nonetheless, the primary cryptocurrency saw notable gains.
This also helped the

What a week! Better yet, what a month! Did you know that Bitcoin has never had a month as good as February 2024? That’s right, the cryptocurrency closed its best-yet candle, and we haven’t even gone through the halving yet.
The pre-halving anticipation of higher prices is palpable as spot Bitcoin ETFs continue to see outrageous inflows. The total cryptocurrency market capitalization exploded to $2.4 trillion (per CoinGecko) as BTC charted a 21.3% increase in the past seven days alone.
The rest of the market followed suit, and even Ripple’s XRP, which was lagging throughout most of the year, increased by 10%. The rest of the altcoins in the top 10 also performed really well, with Solana taking the main stage and surging by 30%.
Meme coins also took center stage, with

COTI Foundation has just announced the target use cases and focus areas for its $100 million development fund, all of which will be allocated in COTI tokens.
According to a press release shared with CryptoPotato, there will be a selection process for projects who want to apply for funding, and it will be open to all developers, encouraging them to explore and build data-secure apps.
The COTI V2 ecosystem will open up to use cases across a range of different areas, including decentralized finance (DeFi). The press release reads:
COTI V2 has the ability to bring the next billion in TVL to Defi with confidential transactions which allows decentralized apps to offer new products and services, but also greatly increases both the privacy and security of services they currently

This week saw quite a bit of action, which ultimately failed to result in any substantial gains or losses in the total cryptocurrency market capitalization. The figure stands at $2.057 trillion, according to CoinGecko – up ever so slightly compared to this day last week.
Bitcoin’s price charted a decline of 2.8% in the past seven days, as the bulls were unable to remain above the important technical level at $52K. And it wasn’t for the lack of trying. In fact, BTC was trading above or very close to $52K for quite a while during the past week, but the bears eventually took over and managed to push the asset downwards.
Now, the cryptocurrency is found trading below $51K, charting a decline of about 0.7% on the day and 2.8% on the week.
It’s perhaps safe to say that it was

Solana’s ecosystem has been booming in the past few months, giving birth to a number of meme coins that came to prominence only to decline and subsequently fade into oblivion. That hasn’t been the case with WIF, however, as – by all measures – it appears that the dog, indeed, still has a hat.
Dogwifhat (WIF) has seen its price exceed $0.40 in the past 24 hours, surging by more than 16%, as seen in the chart below:
Source: DexscreenerIt’s worth noting that WIF’s move comes amid a broader market recovery, as Bitcoin’s price is also pushing toward $52K at the time of this writing.
Last evening, BTC tumbled below $51K, but the dip was quickly scooped, and the price recovered.
Today, however, the market is green. Solana is also trying to push forward, currently trading at

The weekend isn’t treating Bitcoin’s price right as it has tumbled below $51K, erasing some of the gains achieved during the rally in the past few days.
As seen in the chart below, the price took a turn for the worse in the past few hours.
Source: TradingViewData from CoinGlass reveals that this has also sent ripples through the derivatives market, liquidating a total of $122 million in the past 24 hours.
As it’s expected, the volume of these moves is significantly lower compared to that of the rally during the week. The cumulative trading volume across all exchanges in the past day is just shy of $70 billion, while it topped $100B during the previous days.
85% of the liquidated positions were long, and Binnace accounts for almost half of all the liquidations.

You

The past seven days in the cryptocurrency market have been absolutely blasting. The total capitalization soared above $2 trillion for the first time in a long while, as the entirety of the market charts considerable gains.
Bitcoin seems to be ahead of the pack for the most part, charting an increase of more than 10% in the last week. At the time of this writing, the price hovers right around $52K, but it went above it on numerous occasions in the past 24 hours.
The massive rally seems to be driven by consistently high inflows in spot Bitcoin exchange-traded funds. It appears that the investment product is attracting massive interest, with over $4 billion already being poured across a number of these products. BlackRock’s BTC ETF, somewhat expected, is leading the race.

Whether you’re new or a seasoned DeFi user, chances are you have heard the term airdrops every now and then.
That’s because airdrops are a popular marketing strategy for DeFi protocols and crypto companies for several reasons:
It allows protocols to reward their community members for their activity and engagement in their respective platforms, thus further incentivizing users to stay in the protocol.
It helps projects drive awareness and new traffic to the brand and a product/service —especially if they’re releasing their native token.
As DeFi evolved through the years, so did the way protocols planned their airdrop campaigns. Crypto projects are constantly developing sophisticated airdrop strategies and better ways of delivering rewards, like gifting non-fungible tokens

Bitcoin’s price has finally created a new higher high, following weeks of consolidation and correction. This has caused many investors to believe that a new all-time high will be created in the upcoming months.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the price has broken above the key $48K resistance level after a previous rejection. Bitcoin is currently targeting the $52K resistance level in the short term.
Meanwhile, the Relative Strength Index is demonstrating a clear overbought signal that hints at a possible correction in the near term. Yet, with the $48K area turning into a support level, it seems unlikely that the market will decline deeply.
Source: TradingViewThe 4-Hour Chart
Looking at the 4-hour timeframe, the price has been rising

Ethereum’s price has been rallying aggressively over the past few days. Yet, the market is approaching a strong resistance level that could determine the mid-term fate of ETH.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the price has been rallying since a rebound from the $2,200 zone. The $2,400 resistance level has also been broken with ease.
Currently, ETH is climbing toward the $2,700 resistance level and the higher boundary of the large ascending channel. However, the Relative Strength Index has also been rising, entering the overbought region. This might trigger a possible pullback or reversal as the price reaches the $2,700 resistance level.
Source: TradingViewThe 4-Hour Chart
Looking at the 4-hour chart, the recent rally becomes much more

Ripple – the company behind the popular cryptocurrency XRP – has announced that it acquired an enterprise-grade regulated platform for digital assets called Standard Custody & Trust Company.
According to the official announcement, the move is aimed at underscoring Ripple’s commitment to regulatory compliance.
Speaking on the matter was Monica Long, Ripple President, who said:
“Ripple and Standard Custody are dedicated to enabling enterprises to reap the benefits of blockchain across a host of financial use cases, building institutional-grade solutions to tokenize, store, move, and exchange value. By expanding our license portfolio and making smart acquisitions, Ripple is well-positioned to take advantage of the current market opportunities and further strengthen our crypto