Ripple’s Schwartz shuts down XRP gag order rumors
Ripple CTO Emeritus David Schwartz has denied the existence of a post-departure "gag order" that is forcing him to lie about the company and the XRP token.
Ripple's CTO Emeritus David Schwartz has defended his integrity against accusations that a post-departure Non-Disclosure Agreement (NDA) or "gag order" is forcing him to lie about the company and the XRP token.
The pushback comes after a community member accused the Ripple veteran of playing "devil’s advocate" regarding XRP.
Schwartz recently poured cold water on hyper-bullish influencers who have been hyping up a $10,000 price target for XRP.
Schwartz has argued that the current market data simply does not support that level of conviction.
Why this weekly close is the bullish green light to $95,600 BTC
Bitcoin nears a bullish weekly close above $76,589, making Bollinger Bands signal a move toward $95,600 after a massive $629.73 million ETF inflow reversed previous losses.
The Bitcoin market has resolved the trend debate - while at the beginning of the week bears tried to push the price down amid outflows from funds, the finale of the week of May 1-3, 2026 turned into both a technical and fundamental trap for short sellers.
The main feature on the chart is a weekly candle with a long lower wick, which at the time of writing is precisely closing above the middle Bollinger Band at $76,589 as displayed by TradingView.
The price did not just break above this level, but retraced, tested the zone below mid-band for demand, and bounced. Such a wick is the footprint of an aggressive buyer - while retail participants hesitated, "smart money" used the local dip to add to positions.
Shiba Inu burn rate surges 812%
Shiba Inu has regained strength in its network activity after multiple days of staying flat, showing a notable 812% increase in its burn activity.
Shiba Inu has reported a significant increase in its burn rate over the last day as the Shiba Inu ecosystem begins to note increased network usage.
The surge in the network activity comes amid growing optimism and renewed interest in the leading meme token after it delivered a strong price gain in the last month.
On Saturday, May 2, blockchain tracking platform Shibburn provided data that shows that a total of 12,066,401 SHIB has been sent to irretrievable addresses over the last 24 hours.
While this activity permanently removed the specified amount of tokens from circulation, it has sparked a sharp increase in the Shiba Inu burn rate, which reflects a massive 812% surge in the metric over the last day.
Per SHIB's trading price at the time of the move, the total amount of SHIB tokens burnt during the period were worth about $72.
Dan Burgin
U.Today Editorial Team
