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Analyst Issues Warning on XRP Price Trap, Ripple CEO Lacks 'A Single Polite Word' After Hinman Emails Unveiling, BONE Listed on New Exchange: Crypto News Digest by U.Today

Wed, 06/14/2023 - 16:05
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Valeria Blokhina
Afraid of missing out on the crypto world's latest events? Read U.Today's news digest to stay informed!
Analyst Issues Warning on XRP Price Trap, Ripple CEO Lacks 'A Single Polite Word' After Hinman Emails Unveiling, BONE Listed on New Exchange: Crypto News Digest by U.Today
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Check out U.Today's top three news stories over the past day.

XRP price trap alert: Analyst issues warning

Even though it seems like the price of XRP is about to surge to new highs after surpassing the $0.55 level, crypto analyst Ali Martinez urges investors to be cautious and not to make any hasty moves. In a recent tweet, Martinez wrote that this is not the first time XRP has moved past this price mark, luring traders to go long "to then get them rekt with a full reversal." This is why, the analyst continues, one must wait for confirmation. To prove his argument, Martinez attached a chart indicating the critical price level for XRP consolidation, which stood above $0.54 per token. Shortly after breaking through a crucial resistance level, XRP encountered selling pressure, and the price dipped below $0.54.

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Ripple CEO on Hinman emails: "I don't have a single polite word"

Following the unveiling of the emails tied to the speech by former SEC director of corporation finance Bill Hinman, Ripple CEO Brad Garlinghouse took to Twitter to express his frustration with the regulator's conduct. Garlinghouse criticized the SEC's lawsuit against him and Ripple co-founder Chris Larsen, saying, "I don’t have a single polite word to describe this deplorable, politically-motivated overreach." The CEO also pointed out how the regulator has "weaponized the lack of regulatory clarity" to the point of creating industry chaos, despite significant pushback.

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This mega popular Shibarium token gets listed by new exchange

Yesterday, Shibarium gas token BONE scored yet another listing. As shared by well-known SHIB enthusiast and Shiba ecosystem official Lucie, BONE was added by popular Australian crypto exchange Coinspot. In its tweet, Coinspot wrote that it had just listed BONE token and invited its followers to try to win $100 worth of BONE by retweeting the announcement. This is not the first listing by the Australian exchange the token has seen this week. As reported by U.Today on Monday, another popular Australian exchange, Swyftx, added support for BONE. At the moment of writing, Shibarium gas token is trading at $0.7155, per CoinMarketCap.

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About the author

Valeria is the community manager at U.Today. She is a crypto enthusiast and believes that cryptocurrency is the future of finance. Currently, Valeria covers the latest news in the world of crypto and blockchain.