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⚠️ 𝗖𝗿𝘂𝗰𝗶𝗮𝗹 𝗥𝗶𝗽𝗽𝗹𝗲 (𝗫𝗥𝗣) 𝗠𝗼𝘃𝗲 𝗳𝗿𝗼𝗺 𝗢𝗻𝗲 𝗼𝗳 𝗝𝗮𝗽𝗮𝗻’𝘀 𝗟𝗮𝗿𝗴𝗲𝘀𝘁 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝘀 SBI Holdings, one of Japan's leading financial institutions, announced its decision to join XRP Ledger (XRPL) as a validator. The company's cryptocurrency subsidiary, SBI VC Trade, will begin operating as a node operator for the protocol starting May 10, 2024, to support the growth of the XRPL ecosystem. SBI Holdings has a long-standing history of using XRP Ledger through Ripple Payments, a blockchain payment infrastructure provider that leverages XRP to facilitate global payments. Building on this relationship, SBI Holdings has expanded its relationship with XRPL through SBI VC Trade, becoming the latest node operator to join the network. A representative from SBI VC Trade said: 💬 “𝙊𝙪𝙧 𝙘𝙤𝙢𝙥𝙖𝙣𝙮 𝙨𝙩𝙖𝙧𝙩𝙚𝙙 𝙪𝙨𝙞𝙣𝙜 𝙓𝙍𝙋 𝙇𝙚𝙙𝙜𝙚𝙧 𝙖𝙨 𝙖 𝙫𝙖𝙡𝙞𝙙𝙖𝙩𝙤𝙧. 𝘽𝙮 𝙘𝙤𝙣𝙨𝙞𝙙𝙚𝙧𝙞𝙣𝙜 𝙖𝙣 𝙤𝙥𝙚𝙧𝙖𝙩𝙞𝙤𝙣𝙖𝙡 𝙨𝙮𝙨𝙩𝙚𝙢 𝙩𝙝𝙖𝙩 𝙧𝙚𝙛𝙡𝙚𝙘𝙩𝙨 𝙩𝙝𝙚 𝙫𝙤𝙞𝙘𝙚 𝙤𝙛 𝙓𝙍𝙋-𝙝𝙤𝙡𝙙𝙞𝙣𝙜 𝙘𝙪𝙨𝙩𝙤𝙢𝙚𝙧𝙨, 𝙬𝙚 𝙬𝙞𝙡𝙡 𝙗𝙚 𝙖𝙗𝙡𝙚 𝙩𝙤 𝙪𝙨𝙚 𝙩𝙝𝙚 𝙓𝙍𝙋 𝙇𝙚𝙙𝙜𝙚𝙧 𝙖𝙣𝙙 𝙥𝙧𝙤𝙘𝙚𝙨𝙨 𝙓𝙍𝙋 𝙩𝙧𝙖𝙣𝙨𝙖𝙘𝙩𝙞𝙤𝙣𝙨 𝙢𝙤𝙧𝙚 𝙙𝙞𝙧𝙚𝙘𝙩𝙡𝙮.” Apart from joining the protocol as a validator, SBI VC Trade also aims to enter the Unique Node List (UNL), a list of trusted node operators that play an important role in ensuring the integrity of the network. However, the company's contributions and achievements as a protocol node operator will determine its eligibility for the list. $XRP #XRP #Japan

🔥 𝗘𝘁𝗵𝗲𝗻𝗮’𝘀 𝗡𝗲𝘄 𝗥𝗼𝗮𝗱𝗺𝗮𝗽 𝗨𝗻𝗶𝘁𝗲𝘀 𝗗𝗲𝗙𝗶, 𝗖𝗲𝗙𝗶, 𝗧𝗿𝗮𝗱𝗙𝗶 Ethena Labs presented its new roadmap, promising a convergence between DeFi, CeFi, and TradFi. Its synthetic stablecoin, USDe, aims to replicate what Tether’s USDT did in 2014 and MarkerDAO did in 2017. 🔸 𝗘𝘁𝗵𝗲𝗻𝗮’𝘀 𝗩𝗶𝘀𝗶𝗼𝗻: 𝗗𝗲𝗙𝗶, 𝗖𝗲𝗙𝗶, 𝗧𝗿𝗮𝗱𝗙𝗶 𝗖𝗼𝗻𝘃𝗲𝗿𝗴𝗲𝗻𝗰𝗲 According to the DeFi protocol, USDe succeeds because its reserves represent more than double the open interest in each combined perpetual DEX. Ethena explained in its roadmap that it can provide valuable ‘non-toxic’ flows to exchanges DEX and CEX by using USDe as collateral and triggering open interest. It emphasized that they act as a neutral infrastructure, which has resulted in up to $1.25 billion in protocol allocation towards USDe. 💬 “As other stable coin issuers grow and proliferate through DeFi, Ethena will expand along with them. The foundation in the futures markets is higher real yields. USDe will be the core element on which these interest rate markets will be built,” Ethena said. After launching its roadmap, Ethena’s native token, ENA, soared more than 8%, rising from $0.85 to $0.93. ENA is in a bullish rally, having risen 18.22% last week and 47.24% since its launch, with a market capitalization of $1.41 billion. $ENA #ENA #Ethena

📉 Bitcoin Down 20% From March But Glassnode Analysts Are Very Bullish: Here’s Why Bitcoin might have posted the deepest correction since the FTX crash in November 2022, dipping over 20% from its all-time high of around $74,000. However, Glassnode analysts, while sharing their preview on X, remain cautiously optimistic. 🔸 Bitcoin Drops 20% From March High, But Glassnode Is Bullish Glassnode notes that the Bitcoin “macro uptrend still appears to be one of the more resilient in history” and that though corrections have been made, they are relatively shallow. With this position, the blockchain analytics platform confirms that the coin has improved with liquidity rising, reducing volatility.However, for bulls to find support and prices to rally, triggers would be from fundamental factors. Though price action structure might offer support, price catalysts are, as history shows, related to market events. As Glassnode observes, the robust macro trend, bullish for Bitcoin, has tapered volatility, helping maintain the uptrend. The increasingly shallow corrections, as the blockchain analytics platform notes, point to a more mature market backed by more institutions. 🔸 Whales Accumulating As Institutions Eye BTC Confidence remains high. On-chain data reveals that one whale has taken advantage of the relatively low prices and the correction to stack coins. In the last week, the whale bought over 100 BTC, pushing the amount of coins bought this month to over 7,257 BTC. This aggressive accumulation suggests that the whale, even at the current multi-year high, Bitcoin could be undervalued. There could be more Bitcoin tailwinds incoming. For instance, this week, former United States president Donald Trump started accepting crypto donations in the ongoing campaign. This shift of stance has been bullish since Trump dismissed Bitcoin earlier. While this happens, European regulators appear open to approving Bitcoin as an investable asset within Undertakings for Collective Investment in Transferable Securities (UCITS) funds. #BTC $BTC

🧐 Tesla Now Accepts Dogecoin, Could X Follow Suit? Elon Musk, a longtime supporter of Dogecoin (DOGE), has integrated the meme-based cryptocurrency into Tesla’s payment system. Customers can now purchase select merchandise using DOGE on the Tesla website. This move follows Musk’s acquisition of payment licenses for his social media platform, X, sparking speculation about DOGE integration there as well. Musk’s interest in DOGE dates back to 2019, and he has consistently advocated for its adoption. Tesla’s recent integration, while limited to merchandise, reflects this ongoing support. The company quietly enabled DOGE payments in early May, shortly after Musk expressed openness to the idea during a visit to a Tesla factory. This development coincides with X’s efforts to obtain payment licenses across the United States. With 25 licenses already secured and more on the way, X is building the infrastructure necessary for peer-to-peer (P2P) transactions, similar to Venmo or Cash App. Notably, Musk reportedly envisioned offering DOGE payments on a social media platform before acquiring X, suggesting a potential future integration. Further fueling speculation is a recent retweet by Musk. The post, featuring a comparison of the old X.com logo (a financial services platform founded by Musk) and the current X logo with the caption “The Everything App,” was retweeted by Musk with the cryptic comment, “The circle will be complete.” This suggests Musk’s desire to incorporate payments back into X, potentially fulfilling his vision of an all-encompassing platform. While regulatory hurdles could delay the arrival of DOGE payments on X, Musk’s determination to transform X into a comprehensive “everything app” suggests a future that includes digital currency transactions. The ongoing acquisition of payment licenses and his past comments regarding DOGE point towards a potential integration, though the timeline remains uncertain. $DOGE #DOGE #Tesla #Twitter

⚠️ Crypto Expert Reveals How To Find 'High-Risk High Reward' Meme Coins 🔺 Crypto trader highlights how traders should study market conditions before investing in meme coins. 🔺 He noted three waves to be identified before investing, in which wave the meme coin is in currently. What Happened: The researcher highlights the potential of meme coins with stories of individuals turning $1,000 into a million dollars within a month. However, the reality is often different with many traders buying a meme coin thinking they are early but they land up at zero. He cited the real example of someone who bought $600 worth of Pepe on the first day it was tradable, sold the same day for a $60 profit, but could have made $9 million if they had held on. He recommends having a combination of two approaches for playing the game well: 🔺 Meme coins tend to perform best during specific periods, such as Q1 2024 and Q2 2023. 🔺 Studying parabolic moves and adoption waves, as meme coins often experience explosive growth followed by steep corrections. He breaks down the adoption waves of meme coins into three distinct phases: 🔸 𝗪𝗮𝘃𝗲 𝗼𝗻𝗲: Riskiest but offers the highest potential rewards, early buyers positioned to make substantial gains. (Examples: Popcat, Grok, BOME) 🔸 𝗪𝗮𝘃𝗲 𝘁𝘄𝗼: More challenging, as traders must determine whether a meme coin will continue its upward trajectory or fade away. (Examples: Dogwifhat, Pepe, Bonk) 🔸 𝗪𝗮𝘃𝗲 𝘁𝗵𝗿𝗲𝗲: Least risky, as the meme coin is already established. Potential returns are lower compared to earlier waves. (Examples: Dogecoin, Shiba Inu) He cautions investors/traders of influencers and "shillers" who may have their agendas, but not to ignore them entirely, as they can provide valuable information. #meme #memecoins #memecoin

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