In the third quarter, Jack Dorsey's Cash App sold Bitcoin (B | The Crypto Basic di Binance Square

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In the third quarter, Jack Dorsey's Cash App sold Bitcoin (BTC) worth $2.4 billion. 
#Bitcoin-BTC  #Crypto  #CryptoCurrents  #CryptoNews🔒📰🚫 

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The Ripple CTO, David Schwartz, has clarified that the #XRP escrow introduced in 2017 did not give Ripple more freedom to sell XRP. According to him, the approach actually placed firm limits on how much the company could sell. Notably, he made this disclosure during a public exchange that started as a debate about wealth, taxes, and fairness. The conversation started when a political satirical commentator reacted to remarks attributed to Elon Musk about paying over $10 billion in taxes. The commentator argued that although the figure sounded large, it represented only a small share of Musk’s overall wealth. He explained that before Ripple created the escrow, the company faced no formal limits on how much XRP it could sell in any given month. According to him, the escrow actually reduced Ripple’s freedom by locking up most of its XRP and releasing it on a fixed schedule. He added that he opposed the escrow when Ripple considered it, because he did not see enough benefit to justify giving up that flexibility. To him, the company traded away optionality, not control, when it agreed to the escrow structure. The investor admitted that this was news to them but argued that XRP’s price would likely be much higher today if Ripple had not sold XRP regularly since 2017. Notably, this reflects a common belief among critics who argue that ongoing sales by Ripple have weighed on XRP’s market value. However, Schwartz said this idea sounds reasonable on the surface, but the available evidence does not support it. He explained that markets usually account for events that everyone expects. Since investors have long known about Ripple’s scheduled XRP releases, the market should already reflect that information in the price. To support his position, Schwartz presented price data comparing XRP with Stellar’s XLM. Specifically, both assets have moved largely in tandem over time, even though Stellar burned half of its total supply in 2019. The major supply reduction had absolutely no effect on XLM’s price. #CryptoNewsCommunity

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Top CEO Says #XRP Price Weakness Is Temporary. Oliver Michel, CEO of Tokentus Investment AG, recently commented on the ongoing XRP performance. According to Michel, Ripple Labs continues to execute strongly, expanding through acquisitions, pursuing regulated banking pathways, and rolling out new products such as stablecoins. He described the Ripple ecosystem as comparable to an “Amazon-style” platform for blockchain and crypto services. To him, the company is exceptionally well-positioned in the long term. Michel explained the situation using a simple analogy: sometimes business fundamentals lead, and price follows later. At other times, price moves ahead of fundamentals. In XRP’s case, he believes the market is currently underestimating the strength of Ripple’s operations. From his perspective, this mismatch creates frustration for XRP holders, but it is not unusual in financial markets. He stressed that short-term market conditions often drive price movements, while operational progress plays out over a much longer horizon. Michel also pointed to institutional interest in the recently launched spot XRP exchange-traded products. These products have recorded steady inflows over an extended period. Specifically, five XRP ETFs have gone live since November, bringing in $1.13 billion in inflows. Their total assets now sit at $1.25 billion. However, despite this massive investment, XRP’s price has continued to dip. Michel argued that this trend deepens the mystery surrounding XRP’s price weakness as institutional demand moves in the opposite direction of the market price. He believes this is a timing issue, not a deeper problem. According to Michel, the growth in institutional and business adoption hasn’t yet shown up in XRP’s price, but that gap could close in the future. The Tokentus CEO concluded that holders should see XRP’s current price behavior as temporary. He expects that, at some point, the market will reconcile Ripple’s operational success with XRP’s valuation, potentially leading to a sharp repricing once the lag is corrected.

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