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Ripple's Q1 2024 report reveals a significant decline in its XRP holdings, dropping below 45 billion tokens. The company sold 841.5 million XRP ($440.6 million), marking a 16% decrease from the previous quarter. Despite concerns, CTO David Schwartz denies that XRP's poor performance is due to these sales, comparing Ripple’s lower inflation rate to successful assets like Solana. Schwartz rejects token burning as a solution, citing the ineffective example of Stellar. Ripple’s spendable balance is now 4.84 billion XRP, down 237 million from the last quarter. The company aims to adjust its holdings to optimize asset management and adapt to market dynamics. #HotTrends #HotContent #WriteRean2👏
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Bitcoin (BTC) shows potential for an uptrend, trading at $62,704 with resistance at $63,142, $65.5k, $67k, and $69k, and support at $60,438 and $60k. Meanwhile, Ethereum (ETH) faces a battle at the $2,858.2 support level, trading at $2,904.2 with resistance at $2,920.3, $3,024.8, $3,070.6, and $3,134.0. Amid market turbulence, Furrever Token (FURR) has defied the downturn, raising over $1.14 million with its cat-themed approach. Built on the BNB-20 blockchain with 9 billion tokens priced at $0.000648, FURR fosters a vibrant community spirit, nearing the completion of its presale and preparing for a PancakeSwap launch. #HotTrends #HotContent #write2earn🌐💹
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Bitcoin ETFs recorded $100.5 million in net inflows on May 14, with significant contributions from Ark Invest and 21Shares' $133 million inflow, despite Grayscale’s GBTC seeing a $51 million outflow. The total net asset value of Bitcoin ETFs stands at approximately $51 billion. Meanwhile, Bitcoin is trading above $62,000, driven by optimistic market predictions suggesting it could reach $95,000. This positive outlook coincides with Vanguard's hiring of Salim Ramji, former head of BlackRock’s ETF business, as CEO, even though Vanguard has historically opposed listing Bitcoin ETFs. The market sentiment for Bitcoin remains bullish, with expectations of substantial price increases in the near future. #HotTrends #ETFvsBTC #HotContent
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