🚀 Coinbase is stepping up to protect customer assets amidst Prime Trust's bankruptcy woes! On Feb 5, they filed an amicus brief, emphasizing that customer assets should stay safe and separate from bankruptcy proceedings, citing Article 8 of the UCC. 💼
Prime Trust, a digital asset custodian, faced a financial crisis with an $82 million deficit, leading to its Chapter 11 filing. Coinbase's move highlights the need for robust asset protection in the crypto world, aiming to set industry-wide standards and safeguard investor interests. Let's keep our eyes on the horizon for a more secure crypto future!
🚀 XRP's spotlight moment! After a record-breaking month for its DEX, net inflows to spot XRP turned positive on Thursday, with over $15 million flowing into exchanges like Bybit and Kraken. While this might hint at potential selling, the long-term trend still shows promise with the 100-day and 200-day SMAs below current prices. 📈
Short-term, XRP faces a bearish outlook, trading below key EMAs, and with negative funding rates indicating a bias for shorts. But keep an eye on resistance at $2.49 and $2.60—breaking these could set the stage for a bullish run to $3! What are your thoughts on XRP's next move? Share below!
🚀 Breaking News: Coinbase to the Rescue! 🚀
In a plot twist worthy of a Hollywood blockbuster, Coinbase swoops in to save the day for Prime Trust customers! 🦸♂️ Amidst the chaos of Prime Trust's Chapter 11 bankruptcy, Coinbase has filed an amicus brief to ensure customer assets remain untouched by the financial storm.
1️⃣ Prime Trust's financial woes began with an $82 million deficit, leading to a bankruptcy filing. Many assets were tied up in illiquid tokens, adding fuel to the fire.
2️⃣ Coinbase's chief legal officer, Paul Grewal, stands firm on Article 8 of the UCC, advocating that customer assets should remain separate from custodian liabilities.
3️⃣ This move isn't just about crypto; it's a call for industry-wide asset protection, ensuring both digital and traditional investors sleep soundly at night.
Let's hear your thoughts! Will this set a new standard for asset protection? Comment below!
🚀 $XRP ’s Next Big Move: $3.50 or Crash to $1.50?
Ripple is making a major comeback in the U.S. as crypto regulations evolve! 📈 Stuart Alderoty, Ripple’s CLO, announced a shift in hiring focus back to the U.S., signaling confidence in the country's crypto-friendly policies.
🔹 Current $XRP Price: $2.43
🔹 Resistance: $2.57, $2.79, $3.00
🔹 Support: $2.20, $1.97, $1.76
If Ripple wins its SEC battle, $XRP could soar past $3.50! But if legal hurdles persist, a drop to $1.50 is possible. Where do you see XRP heading? 👀💰
#BERAAirdropAlert #MarketRebound