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Flare bridges XRP in record numbers right now, and the network has officially moved 40 million XRP tokens onto its blockchain, valued at $96 million at the time of writing. Through several key technological implementations, the platform has established itself as the largest XRP DeFi project, and CEO Hugo Philion made it clear that this milestone represents only the beginning. The achievement involves Flare bridging XRP through its FAssets system, which has catalyzed various major opportunities for XRP staking and DeFi activities. These developments were enabled through the FXRP token on the Flare network, and therefore the integration has accelerated adoption across multiple essential segments. Also Read: XRP Price Prediction: Everything Just Changed, Is a Rally Near? How Flare Network Became The Largest XRP DeFi Platform Source: U.Today Record-Breaking Activity Shows Demand Hugo Philion shared the achievement through an X post, and the numbers are quite impressive. As Flare bridges XR...

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A viral post on X earned hundreds of thousands of impressions with the allegation that BullX, a multi-blockchain cryptocurrency exchange, “called it quits.” A critic claimed its CEO deleted his Telegram account, underpaid influencers for referrals, and delayed withdrawal requests. BullX is a trading system that allows users to execute trades across several so-called decentralized exchanges (DEXs). BullX emphasizes Solana DEXs but supports several other blockchains and layer 2s. Certain facts are true. BullX has not posted anything on its X account since February 9. There is also contention by several influencers within the X thread about referral payouts. However, the CEO responded to the viral tweet, indicating that he is continuing to respond on social media. Moreover, and although claims about underpayment for referrals continue, the exchange seems to be fully operational. A dashboard of BullX volume shows tens of millions of dollars in continued trading activity ov...

The CEO of crypto exchange Gate.io claims people are trying to “ruin his Friday” after rejecting unverified rumors that the crypto exchange had been breached and that user funds were at risk.  Reports of Gate.io’s hack were shared by X account Aggrnews, which claimed, “GATE RUMOURED TO HAVE BEEN HACKED, RECOMMENDED TO WITHDRAW: SOURCES.” However, Gate.io’s CEO, Kevin Lee, denounced the claim, replying, “Deposits, withdrawals, and trading are all currently operating normally.” He added, “ Someone is trying to ruin my Friday. Stop the FUDs .” Minutes later, the official Gate.io X account posted, “The security team has not detected any abnormalities, nor have any security agencies reported issues.” The https://t.co/8kWqgEeplL security team has not detected any abnormalities, nor have any security agencies reported issues. Deposits, withdrawals, and trading are functioning normally. Please do not believe rumors!https://t.co/8kWqgEeplL maintains ...

CryptoQuant chief executive Ki Young Ju still thinks altcoins could shine despite the difficult macro headwinds. Last week, Young Ju predicted that altseason would begin in late 2024 or early 2025. In the wake of plunging crypto and stock prices over the weekend and on Monday, the analytics firm CEO reiterated this week that his prediction for altcoins wasn’t based on the macro environment. “It’s still uncertain whether Bitcoin is in a long-term bear market. If BTC stays above the $45,000 level, I believe the market could recover at any time. Everyone is aware of the unfavorable macro environment, and I am no exception. However, my altseason prediction wasn’t based on global macro liquidity but rather on observing strong buy walls from whales in secondary markets. Whether they’re defending against price drops or anticipating an altseason, whale accumulation remains valid.” Young Ju also notes that “only a few altcoins might stand out...