crypto

Sage D. Young7/17/25

As XRP eyes all-time high, cofounder transfers $26 million worth of the token

The third-largest cryptocurrency is reattempting to surpass the all-time high it set more than seven years ago.

XRP is outpacing bitcoin, ethereum, and solana, jumping 8.2% in the last 24 hours and 32% in the past seven days, and is less than 5% away from its all-time high of $3.40 set in January 2018.

DLNews reported on Thursday that a wallet address identified as belonging to Ripple cofounder Chris Larsen sent $26 million worth of tokens to centralized exchange Coinbase on Tuesday, which strongly indicates an intention to sell.

XRP has seen $12.3 billion in 24-hour trading volume, a 186% increase from last week when the figure was at just under $4.3 billion, data from CoinGecko shows.

The last time XRP was at its current price point was around the time of the second inauguration of President Donald Trump. Since then, several firms have announced embracing an XRP-focused treasury strategy, two leveraged XRP ETFs have launched, and Ripple, the cross-border payments company associated with the cryptocurrency, applied for a national banking license.

Ripple co-founder cashes out $26m XRP as asset nears record highs

Ripple co-founder cashes out $26m XRP as asset nears record highs

DLNews reported on Thursday that a wallet address identified as belonging to Ripple cofounder Chris Larsen sent $26 million worth of tokens to centralized exchange Coinbase on Tuesday, which strongly indicates an intention to sell.

XRP has seen $12.3 billion in 24-hour trading volume, a 186% increase from last week when the figure was at just under $4.3 billion, data from CoinGecko shows.

The last time XRP was at its current price point was around the time of the second inauguration of President Donald Trump. Since then, several firms have announced embracing an XRP-focused treasury strategy, two leveraged XRP ETFs have launched, and Ripple, the cross-border payments company associated with the cryptocurrency, applied for a national banking license.

More Crypto

Yaël Bizouati-Kennedy10/17/25

Crypto liquidations reached $1.2 billion in the past 24 hours, according to CoinGlass data, as bitcoin continued its downward trajectory. Bitcoin suffered $458.24 million in liquidations, with the bulk of them — over $334 million — in long positions. Meanwhile, the second-biggest crypto, ethereum, saw the second-biggest figure for liquidations yesterday, with $278 million.

Bitcoin slipped as far as $103,856 early Friday morning, its lowest level since July, and is down 13% in the past seven days. The sell-off dragged the total crypto market cap down to $3.67 trillion, down 5.5%. Underscoring the market anxiety, CoinMarketCap’s fear and greed index is now at 28.

Bitcoin ETFs also suffered, registering $536 million in outflows on Thursday. The Ark 21 Shares Bitcoin ETF took the biggest hit, with $275.15 million in outflows. Since Monday, bitcoin ETFs have seen $864.5 million in outflows.

Maja Vujinovic, CEO and cofounder of digital assets at FG Nexus, told Sherwood News that bitcoin’s slump looks like a classic risk-off chain reaction.

“Credit jitters and trade tensions pushed money into gold at record highs while leveraged crypto longs were forced to unwind. Once the liquidations exhaust and policy fog clears, the same macro buyers chasing safety today are likely to hunt value in BTC again,” Vujinovic said.

SharpLink Gaming announces $76.5 million capital raise and potential to more than double that

An analyst noted that “flows and positioning, not fundamentals, are shaping the ETH story right now.”

Money in fist

Yaël Bizouati-Kennedy

Desperately Seeking Uptober

Bitcoin drops below $110,000, while treasuries slow down acquisitions

Glassnode analysts wrote that “the market is in a reset phase.”

Bitcoin sign balloon deflated

Ethereum ETFs flip black as the token rebounds above $4,000

SharpLink Gaming generated 488 ethereum tokens worth about $2 million from staking last week, while ETHZilla announced a reverse stock split at a 1-for-10 ratio.

Two Basketball Players

Yaël Bizouati-Kennedy10/15/25

The US government seized 127,271 bitcoin, worth $15 billion, in what it calls the Department of Justice’s “largest ever forfeiture action.”

The indictment against Chen Zhi, chairman of Cambodian conglomerate Prince Group, alleges that he engaged in wire fraud conspiracy using forced labor in Cambodia.

“Individuals held against their will in the compounds engaged in cryptocurrency investment fraud schemes, known as ‘pig butchering’ scams, that stole billions of dollars from victims in the United States and around the world. The defendant is at large,” according to a DOJ press release.

This is “exactly the kind of outcome the Strategic Bitcoin Reserve was designed to enable,” Zack Shapiro, managing partner at Rains Law and head of policy of the Bitcoin Policy Institute, said on X.

This significantly increases the size of the US’s strategic reserve, which held over 197,000 bitcoin before the seizure. As of today, Arkham Intelligence data shows it’s holding 324,780 bitcoin, worth over $37 billion.

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