
The effects of large-scale crypto holders were seen in the last 24 hours before the Bybit saga weighed on sentiments. XRP whales purchased large amounts of tokens as altcoins flipped green. Institutional investors maintain their interest in XRP, citing cross-border solutions and a possible spot ETF approval in the United States. At press time, the total crypto market capitalization stood at $3.19 trillion. Whales Back XRP Growth In the last 24 hours, a group of whales scooped over $20 million worth of XRP, leading to an uptick in hourly trading volume. This follows similar trends in altcoins as bulls aim for a rebound before the end of the month, known for positive growth in altcoins. After a string of bullish activity, the asset ticked up 2% within hour,s taking down hourly numbers. However, these gains were short-lived because of the wider market downturn and the infamous Bybit scandal that wiped over $1.4 billion from the market. This week XRP holders showed enthusiasm after the approval of the first spot XRP ETF in Brazil sending positive signals to the United States market. Amid several applications for ETF products, crypto users rally behind XRP due to its institutional interests. According to Bitwise’s CEO, the chances of approval remain high. “ I would say two things on things up front… I think there’s substantial demand for an XRP ETF. XRP has had a sustained community for extremely long period of time. It’s an asset that trades significantly on centralized exchanges. I think people would love to find a way to hold it in a simple low-cost easy-to-use ETP structure. And I would say the second piece is the SEC much more receptive to discussion under the new administration than they were in the past.” Traders Move To Altcoins Amid Cycle Swing Upward momentum in XRP led to similar trading patterns in a slew of altcoins. This was also fueled by the CryptoQuant CEO’s view on an altcoin season. For Ki Young Ju, the altcoin season has started as stablecoin holders back the asset. Although there is no capital rotation, Young Ju stressed that BTC dominance doesn’t reflect the trend anymore as it’s a “selective alt season.” Ethereum price also ticked up in hourly trading, showing signs of a strong rebound when the market flips green. Meme coins followed the same trajectory before the negative sentiment occasioned by the Bybit hack.
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Impostor Drains $87,000 From JPMorgan Chase Account – Bank Refuses To Reimburse One Penny: Report

JPMorgan Chase is reportedly refusing to cover losses for a customer who lost her life savings to a fraudster. Former policewoman Courtney White says she lost $87,000 to a thief who impersonated her and made withdrawals from her JPMorgan Chase account to the tune of thousands of dollars per day, reports NBC 5 Chicago. White says she deliberately opened an account with JPMorgan with no debit cards or checks to help her build a nest egg. But the impersonator emptied her account by going to various JPMorgan branches and making withdrawals in the flesh. She says she had no idea that someone was taking money out of her account until she received an “insufficient funds” alert, prompting her to check her account balance months after the thief began looting her funds. “Somebody should have recognized that this is an outrageous amount of transactions every day. It should have been… some sort of alert. I’ve never banked like that. And like I said, I’ve had Chase for 20 years.” White says she abruptly reported the theft to the police and filed reimbursement claims with JPMorgan. But the lender denied her claims, saying that she failed to report the fraud within 30 days of receiving her bank statement. Says JPMorgan in a statement, “We will cooperate with any investigation, as we always do. As we remind all customers, it is important to review your monthly statements and if you see any unauthorized transactions to let us know right away. We provide customers with many steps to boost account security, including setting up account alerts to receive notifications whenever there’s a purchase or withdrawal from your account that’s over a certain amount.” White also says JPMorgan won’t provide surveillance footage that could help identify the impersonator, and the bank says it only keeps video recordings for a certain amount of time. Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Impostor Drains $87,000 From JPMorgan Chase Account – Bank Refuses To Reimburse One Penny: Report appeared first on The Daily Hodl . ZyCrypto

Speculation Grows Around Strategy’s Potential $2 Billion Bitcoin Acquisition Following Michael Saylor’s Recent Tracker Post
Michael Saylor’s recent social media activity ignites speculation that Strategy, previously MicroStrategy, is preparing for a major Bitcoin acquisition. Analysts suggest that up to $2 billion could be earmarked for ZyCrypto