Binance, Kucoin battle Service disruptions due to AWS Data

Posted on April 16, 2025 by Olumide Adesina

An Amazon Web Services (AWS) data center outage caused transaction failures and forced withdrawal suspensions on Binance, KuCoin, and several other cryptocurrency exchanges.

The incident rekindled concerns about centralized crypto platforms’ reliance on cloud infrastructure and the vulnerability of even the largest market participants. Binance acknowledged the issue, stating that the inconsistent order execution was due to a “temporary network interruption in the AWS data center.”

The exchange suspended withdrawals as a precaution, although some trades were successful while others were not. While it warned that some functions might still experience delays, the company reported that services had begun to recover.

DeBank, Rabby, and KuCoin customers also encountered failed transactions and unresponsive services.

KuCoin informed customers of the network outage and stated that its technical team was working to resolve the issue.

This was not the first disruption of cryptocurrency platforms caused by a significant cloud outage. The risks of relying solely on a single cloud provider were highlighted in 2021 when a widespread AWS failure crippled trading apps, exchanges, and mainstream services alike.

AWS continues to be the foundation for a substantial portion of the internet, hosting over 30% of global traffic..

Ripple expects SEC Approval on XRP For Payment

Posted on April 16, 2025 by Olumide Adesina

Brad Garlinghouse, Ripple’s chief, highlighted that the Securities and Exchange Commission (SEC) may decide to accept XRP as payment.

Garlinghouse hailed the lowered financial penalty as a turning point for Ripple and described a shifting landscape for digital assets in the US. SEC will receive $50 million

‘Fifty million dollars will go to the US government. We even talked about releasing this in XRP. “In the end, this is a significant advancement,” the CEO stated.

Ripple will keep most of the $125 million initially placed in escrow. According to Garlinghouse, the deal, which is still pending final SEC commissioner approval, indicates that US regulators are becoming more accepting of blockchain and cryptocurrency businesses.

He attributed the development of what he called “tailwinds” rather than animosity to a shift in leadership at the White House and the SEC.

Meanwhile, David Schwartz, the chief technology officer at Ripple Labs, has sent out a public alert in response to a questionable post made by John Deaton.

He cautioned followers against using the account until well-known lawyer John Deaton could confirm if it had been compromised. “This post appears incorrect in several ways. David Schwartz wrote, “Please don’t believe this until you see proof that he hasn’t been hacked.”.

Forex Signals April 15: Tariff Talk Keeps Stock Markets and Gold Buyers on Standby

Posted on April 15, 2025April 15, 2025 by Skerdian Meta

Markets showed mixed signals to tariff talk yesterday, and will likely continue the volatility today, especially stocks and Gold traders.

Trading has become very interesting in 2025

Continue reading “Forex Signals April 15: Tariff Talk Keeps Stock Markets and Gold Buyers on Standby” →

Ripple Boosts RLUSD, XRP Leger adoption

Posted on April 15, 2025 by Olumide Adesina

Cassie Craddock, UK and Europe region managing director for Ripple, confirmed that a euro-backed stablecoin has been issued on the XRP Ledger. This was said during the MD of Ripple Europe’s comments at Paris Blockchain Week 2025.

The project was executed by SocGen Forge, Société Générale’s subsidiary. Craddock underlined Ripple’s growing influence in the European market. She noted, “The stablecoin initiative is evidence of a wider institutional adoption trend throughout Europe.” She pointed to some calmer waters after the EU’s MiCA regulation.

Initially starting with custody solutions, Ripple and SocGen Forge have now expanded their collaboration to include the issuance of stablecoins. “We partnered first on custody, and now more generally on issuing their Euro-CV stablecoin on the XRP Ledger,” she added.

This action ambitiously places the XRP Ledger with Ethereum and other corporate blockchains within the controlled stablecoin sector. Also aiding in this surge are the increased competitive conditions supplied by Ripple’s deployed RLUSD stablecoin on the network

RLUSD and XRP are not competitors in any way. RLUSD was developed to improve the liquidity and transaction speed that XRP offers,. Institutions reluctant to deal directly with more volatile digital assets are drawn to RLUSD’s price stability.

Ripple: XRP not Making Popcorn Soon

Posted on April 15, 2025 by Olumide Adesina

XRP has recently risen significantly, alleviating concerns about falling below the $2 mark. The remittance token has reclaimed the $2.1 support line and attracted attention from analysts and investors, suggesting a broader recovery in the cryptocurrency ecosystem.

Expectations have increased for former President Donald Trump to reduce tariffs, further boosting the token’s recovery. Last week, he placed some reciprocal tariffs on goods from over 70 nations on hold and stated over the weekend that there would be no tariff increases on smartphones.

Simultaneously, the market reacted to the SEC and Ripple Labs’ recent filing to halt appeals and seek a negotiated settlement, following the dismissal of the SEC’s lawsuit against the company just weeks prior.

Additionally, Ripple’s payment of $1.25 billion to acquire Hidden Road led to a slight increase in XRP’s price. An executive from Ripple indicated the business would attempt to transfer the $10 billion in daily volume from Hidden Road to the XRP Ledger. XRP has faced resistance at the 50-day Exponential Moving Average and faces a critical technical test.

Price action

XRP’s momentum is mildly bearish, and to hope for an ATH, it will be necessary to stay above the $2 level and break the bearish trendline. If Bitcoin resumes falling again, XRP may stall around $2 and experience bearish volatility towards the next support at $1.5.

A close above the most recent high at $3.4 before the end of next month would allow the momentum to continue with ascending lows and highs. The RSI has been trending downward since December.XRP could gain bullish momentum if the bearish trendline were to break, although sellers currently hold the momentum advantage,

Mantra’s Chief denies Insiders Selling Before Crash

Posted on April 14, 2025 by Olumide Adesina

Mantra CEO John Mullin refuted reports that suggested significant token transfers by prominent Mantra investors in the days preceding the abrupt collapse of the OM token.

“The Mantra association, our key investors, our advisers no one has sold, and we are going to categorically deny and also provide verifiable onchain proof that this is the case,” Mullin said

It was reported that Laser Digital, a strategic investor in Mantra, cashed out a significant amount of Mantra (OM) tokens before the cryptocurrency’s collapse on April 13.

Mantra CEO Mullin emphasized that the company had no idea who was dumping OM before it crashed despite disputing the veracity of Arkham’s data.

“Those wallets don’t belong to Shorooq, but I’m not sure who they belong to,” Mullin remarked. “I am aware that Laser does not own them. I am aware that our important institutional partners do not include them.”

Mullin thinks the wallets were “mislabeled by Arkham.” The platform also disclosed its primary wallet addresses in a transparency report released on April 8.

The blockchain analytics platform Lookonchain reported on April 13 that at least two wallets associated with Laser Digital were part of 17 wallets that transferred a total of 43.6 million OM tokens, which at the time were valued at roughly $227 million, to exchanges before the crash, citing data from Arkham Intelligence.

Data from Arkham indicates that one wallet connected to Laser Digital had moved away.

XRP Price Prediction: Ripple Weekly Chart Points to Fresh Rally as Legal Clouds Clear

Posted on April 14, 2025April 15, 2025 by Skerdian Meta

Ripple and the SEC have decided to settle the case for a $50 billion fine, confirming the setup as the XRP weekly chart displays a bullish surge into new record highs.

XRP forms a bullish chart pattern, as SEC battle heads toward resolution

Continue reading “XRP Price Prediction: Ripple Weekly Chart Points to Fresh Rally as Legal Clouds Clear” →

Forex Signals April 14: Another S&P 500, Dow (DJIA) Rally Ahead as Stock Futures Open Higher?

Posted on April 14, 2025April 13, 2025 by Skerdian Meta

Last week we saw one of the strongest rally in stock markets after the tariff pause, and this week the rally might continue after US futures opened higher last night.

Initial comments seem positive for risk assets

Continue reading “Forex Signals April 14: Another S&P 500, Dow (DJIA) Rally Ahead as Stock Futures Open Higher?” →

$300 million worth of TRUMP Tokens Set For Release

Posted on April 14, 2025 by Olumide Adesina

TRUMP tokens are set to flood the crypto space, putting the Solana-based memecoin in an awkward position

The project will give its team 40 million tokens on April 18th. TRUMP’s first significant unlock will allocate the market an extra 20% of the current supply in circulation. 493,000 TRUMP tokens will be unlocked daily until the next big unlock in July.

The expectation of more tokens becoming available has sparked worries about possible price effects. At $8.3, TRUMP is currently down more than 5% today. CoinMarketCap data indicates that the token is currently 88 percent below its peak of $73.4, which was reached on January 19.

Trump’s token trading volume increased by a fifth to $450 million on the final day because the market was more active before the unlock.

On-chain data indicates that investor interest is diminishing.

A Dune dashboard shows that the total number of wallet holders has decreased to 638,000, which reflects a 0.3 percent drop this week and a significant decline from the 800,000 holders recorded in January. Many users possess small, speculative holdings of TRUMP, as fewer than 13,000 wallets contain more than $1,000 in TRUMP.

Support is around $7.50, where TRUMP has previously attracted buyer interest. If it falls below this level, the price may decline toward $6.80. Resistance is expected on the upside near the longer-term moving averages of $9 and $10.5.

Mantra Tokens Crash, $5 Billion Wiped Off

Posted on April 13, 2025 by Olumide Adesina

The collapse of the OM token’s price is another shocking story of a dubious venture in the crypto sphere. Mantra, the cryptocurrency born from the alleged blockchain technology behind ‘tokenizing’ world assets, has dropped over 90 percent of its value within a few hours. Mantra lost almost all its value, with $5 billion wiped off for the day.

This collapse has been labeled as a blatant ransom heist. It remains impossible to tell the story behind the token’s price nosedive. Such token collapses and cybersecurity incidents, including the Libra mem-ecoin fiasco and Bybit’s $1.04 billion hack, which incurred billions worth of losses to investors in early 2025, have already garnered notoriety.

Tokenizing their data centers, real estate, and other physical asset conglomerates on the Mantra blockchain is part of a $1 billion deal between DAMAC and Mantra.

Subsequently, in February 2025, VARA (Dubai’s Virtual Assets Regulatory Authority) issued a certificate to Mantra, enabling it to operate as a virtual asset service provider.

Mantra is allowed to operate as a digital asset service provider within the UAE, which includes managing crypto exchanges, brokers, traders, consultants, and investment services in the region.