XRP Price Boom in Crosshairs as Traders Expect Short Squeeze Fueled Rally
XRP’s open interest near $4 billion indicates intense speculative positioning, but history suggests the potential for a sharp rally if key catalysts align.
According to Foresight News, 20000 AAVEs (approximately $5.45 million) were transferred from the address of Aave founder Stani Kulechov to the address of ParaFi Capital, and then entered Coinbase Prime 8 hours ago, as monitored by Ashes.
Odaily Planet Daily News: According to monitoring by Ashes, 20000 AAVEs (approximately $5.45 million) were transferred from Aave founder Stani Kulechov's address to a ParaFi Capital tagged address and entered Coinbase Prime 8 hours ago. This transfer may be due to the founder's OTC trading, institutional position transfer, or incorrect address label.
Odaily Planet Daily News: Kyrgyzstan is rising as a major cryptocurrency hub in Central Asia due to the rapid implementation of cryptocurrency regulations. As of October 2024, 126 VASP have been licensed, the highest in the region; The transaction volume related to encryption reached 4.2 billion US dollars in the first seven months of 2024. The government supports gold collateralized stablecoin USDKG and allows banks to provide cryptocurrency services. In April 2025, Jilin officially appointed Binance founder Zhao Changpeng (CZ) as a policy advisor for blockchain and Web3, demonstrating its strategic direction of embracing compliant encryption innovation.
BlockBeats reported that on June 5th, California lawmakers passed a bill in the House of Representatives on Tuesday, requiring the state government to confiscate unclaimed encrypted assets from cryptocurrency exchanges if customer accounts have been inactive for three consecutive years and have not shown interest in their assets. Although the bill has sparked controversy among cryptocurrency investors and faced widespread opposition on social media, people may not need to worry excessively. Supporters of the bill argue that the state government will not liquidate unclaimed Bitcoin or other digital assets, but will instead hold them in custody by third-party custodians for customers to claim in the future - meaning that investors' tokens will not be sold at low prices without consent.
1. Trump says Powell needs to cut interest rates immediately 2. BlackRock increases holdings of 214000 ETH worth $560 million 3. Consensus CEO expects Ethereum to become a global financial pillar 4. Semler Scientific, a US listed company, increases its holdings of 185 BTC 5. The US Treasury Department explores clarity in regulating the digital asset market 6. WazirX relocates operations to Panama due to court ruling 7. Aptos will fully migrate to the new token standard FA in June 8. MoonPay has obtained the BitLicense from New York and expanded its services across the United States The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/463742