Ripple CTO Debunks Crypto Price Myths That Could Mislead Investors

Ripple CTO Highlights Misinformation in Crypto Comparisons

David Schwartz, the Chief Technology Officer of Ripple, has recently taken to social media to address a critical issue in the cryptocurrency space: misleading comparisons of price and supply among digital assets. According to an article by The Currency Analytics, Schwartz emphasized that such comparisons often lead to false perceptions and poor investment decisions. He pointed out that comparing the price of one cryptocurrency to another, such as Bitcoin (BTC) and XRP, without considering factors like market capitalization and tokenomics, can distort the true value of these assets. Schwartz also criticized the tendency to compare the total supply of coins, noting that Bitcoin's capped supply of 21 million and XRP's maximum supply of 100 billion are often misunderstood in terms of scarcity and value. He urged the crypto community to adopt a more holistic approach when evaluating digital assets.

Source: The Currency Analytics, full article available at https://thecurrencyanalytics.com/altcoins/ripple-cto-exposes-misinformation-in-crypto-price-and-supply-comparisons-162096

US Trade War Sparks Volatility in Crypto Markets

The ongoing US trade war has caused significant turbulence in the cryptocurrency market, as reported by TronWeekly. Bitcoin's price initially dropped to $91,200 following the announcement of new tariffs but quickly rebounded to $97,000. The tariffs, which include a 25% levy on goods from Canada and Mexico and a 10% tariff on Chinese products, have raised inflation concerns, pushing investors toward cryptocurrencies as a hedge. Analysts predict that the macroeconomic environment created by these tariffs could lead to increased long-term adoption of digital assets. Despite the short-term volatility, the resilience of Bitcoin and other cryptocurrencies highlights their potential as safe-haven investments during periods of economic uncertainty.

Source: TronWeekly, full article available at https://www.tronweekly.com/us-trade-war-rattles-bitcoin-and-crypto-market/

Revised Crypto Price Predictions for 2025

Coinspeaker has published updated price predictions for major cryptocurrencies in 2025, including Bitcoin, Ethereum, Solana, and XRP. Bitcoin is projected to potentially reach $250,000, driven by institutional adoption and the introduction of Bitcoin ETFs. Ethereum's future value could be influenced by its scaling solutions and the expansion of DeFi and NFT markets, with some analysts speculating it might hit $10,000. Solana and XRP also show mixed outlooks, with Solana trading at $159.8 and XRP at $2.49. The report highlights the importance of considering market trends and technological advancements when making investment decisions.

Source: Coinspeaker, full article available at https://www.coinspeaker.com/revised-crypto-price-predictions-2025-btc-eth-sol-xrp-more/

Bybit Purchases $742M in Ethereum After $1.4B Hack

Following a $1.4 billion hack, Bybit has reportedly purchased 266,700 ETH worth $742 million, according to Binance. The transactions were conducted through over-the-counter deals and exchanges, involving wallets linked to Bybit. The hack, which targeted Bybit's multisig cold wallet, resulted in the loss of over 401,000 ETH. In response, Bybit has launched a recovery bounty program offering up to $140 million to ethical hackers and security researchers. Despite the breach, Bybit has maintained financial stability, with significant whale deposits and loans helping to stabilize its reserves.

Source: Binance, full article available at https://www.binance.com/en/square/post/20726262513906

Senator Lummis to Chair First Digital Asset Hearing

Forbes reports that Senator Cynthia Lummis will chair the first hearing of the newly established Digital Asset Subcommittee under the Senate Banking Committee. This marks a significant step toward comprehensive legislation on stablecoins and market structure. Witnesses for the hearing include Jai Massari, Co-Founder of Lightspark, and Jonathan Jachym of Kraken Digital Asset Exchange. The hearing aims to address regulatory challenges and foster bipartisan cooperation to advance crypto legislation. The event is scheduled for February 26, 2025, and will be livestreamed.

Source: Forbes, full article available at https://www.forbes.com/sites/jasonbrett/2025/02/23/the-bitcoin-senator-to-chair-first-digital-asset-hearing-wednesday/

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