XRP Activity Has Fallen Off a Cliff, Is Trouble Ahead?
XRP is facing a major slowdown in network activity, with transaction demand reportedly dropping by more than 90%. In simple terms, far fewer people are moving, using, or interacting with XRP compared to previous months. When activity on a blockchain falls sharply, investors often worry that interest in the asset is fading, which can put pressure on the price. Analysts are now watching a key support zone around $0.63. Support levels are areas where buyers have historically stepped in to prevent further price declines. If XRP can hold above this level, confidence may return.
Teen Stole $13 Million in Crypto, Then Spent It on Private Jets and Lamborghinis!
A teenager has admitted to being part of a massive crypto scam that stole around $13 million from victims. Instead of hiding the money, he reportedly spent huge amounts on luxury items including private jet trips, expensive parties, luxury watches, and a Lamborghini. Investigators say the scam involved tricking crypto holders into giving away access to their digital assets, allowing the group to drain wallets and transfer funds.
Ether Treasury Disaster: Firm Sells More ETH as Losses Cross $100 Million!
FG Nexus has sold another $178 million worth of Ether after suffering heavy losses on its crypto treasury strategy. The company had accumulated large amounts of ETH expecting prices to rise, but the market moved in the opposite direction. As losses piled up beyond $100 million, the firm was forced to sell additional holdings in an effort to manage risk and preserve capital. The situation is a reminder that even large institutions can get caught on the wrong side of the market. During bull runs, many companies build large crypto reserves expecting long-term gains.