Both KuCoin and Binance are experiencing disruptions due to a large-scale AWS network outage. Binance saw issues with failed orders and temporarily suspended withdrawals, though services are now recovering and withdrawals have resumed. KuCoin assured users that their assets remain secure and data is safe, despite the temporary disruptions. Both platforms are working on resolving the issues and encourage users to stay tuned to official updates. While recovery is underway, delays may continue for some services
Ripple is increasing the size of its investments in cryptocurrency custody, but legal expert John Deaton says the stablecoin issuer is playing the long game. John Deaton says the change in direction will see Ripple offer tokenization-as-a-service to global financial institutions, potentially improving the XRP price.
Ripple Turns Its Sight On Custody Services
According to an X post by crypto lawyer John Deaton, Ripple Labs is pitching its addition of custodial offerings to its range of payment services. Deaton says that a bird’s eye view of Ripple’s plays will reveal the bigger picture for the stablecoin issuer.
For Deaton, Ripple’s Hidden Road broker deal is the clearest signal for the company’s foray into custodial services. Ripple has previously acquired Metaco and Standard Custody in 2023 and 2024, splurging billions on the acquisitions.
John Deaton notes that the primary reason for the pivot to custodial service is a play to position Ripple as an all-in-one hub for financial institutions embracing distributed ledger technology.
“By offering custody alongside payments and stablecoin solutions, Ripple becomes a one-stop shop for financial institutions integrating blockchain technology,” said Deaton.
Deaton notes that the aggressive push toward custody services is an attempt to “make up for lost time” following its long-running SEC case. The crypto lawyer surmises that Ripple is keen on snatching a chunk of the market share amid projections of the custody market capitalization tipped to reach 16 trillion in market share by 2030.
Deaton Says The End Game Is A Big Push Toward Tokenization
According to John Deaton, Ripple is positioning itself to advance toward providing tokenization-as-a-service to banks. Ripple will achieve this by leveraging its growing custody infrastructure to provide a seamless window for financial institutions to tokenize traditional assets.
John Deaton says the future offerings will allow financial sector players to tokenize stocks and real estate from a single platform. The end game will see the XRP Ledger evolve to be the hub for tokenized assets, with the RLUSD stablecoin playing a significant role.
The tokenization use case will improve the stablecoin adoption, with a CoinGape article predicting XRP’s price if RLUSD captures 80% of USDT’s market share. Deaton says Ripple is increasing its activity levels to put significant distance between itself and its closest competitor.
“Looks to me that Brad Garlinghouse is making up for lost time after being slowed down by the SEC lawsuit,” said Deaton.
Ripple is facing increasing competition from Circle’s Payment Network launch, designed to offer real-time payments. At the moment, XRP price is trading at $2.30, gaining nearly 7% over the last day.
Bitcoin (BTC) is up nearly 12% over the past seven days, gaining momentum as it reclaims key technical levels and approaches major resistance zones. The recent price surge has been supported by a slight recovery in the number of Bitcoin whale addresses, hinting at renewed accumulation from large holders.
Technical indicators like the Ichimoku Cloud and EMA lines point to a strong uptrend, with bullish formations suggesting continued buyer control. As BTC flirts with the $100,000 mark again, whale activity and chart signals will determine whether this rally has more room to run.
Subtle Accumulation: What the Rise in BTC Whales Could Mean
The number of Bitcoin whales—wallets holding between 1,000 and 10,000 BTC—has been trying to recover over the past few days, showing subtle but notable movement.
There are 2,006 BTC whale addresses, slightly higher than the 2,000 recorded on April 21. The count briefly rose to 2,005 on April 22 before dipping to 2,002 the next day, and now it’s back above that level.
While these daily fluctuations may seem minor, they often reflect deeper shifts in sentiment and positioning among some of the largest players in the crypto market. The recent stabilization suggests that accumulation might be picking up again after a period of distribution or hesitation.
Tracking whale activity is important because these entities tend to have an outsized influence on market trends. Whether institutional investors, long-term holders, or high-net-worth individuals, whales often act with a level of strategic insight and patience that retail investors can’t always match.
Their behavior can signal confidence or caution in the broader market. The number of whale addresses showing a slight upward trend could indicate renewed interest in accumulating Bitcoin at current levels.
This might not immediately translate to a sharp price move. Still, it does add a layer of underlying support to the market, potentially reducing downside risk and paving the way for more sustained bullish momentum if broader conditions align.
The price trades above the blue conversion line (Tenkan-sen) and the red baseline (Kijun-sen), indicating short-term strength and trend alignment.
These lines have acted as dynamic support levels throughout the recent move, with price bouncing off them multiple times in recent candles. This suggests that buyers remain in control, and any dips have been met with demand.
The green cloud (Kumo) ahead is thick and rising, signaling a strong support zone and a positive trend outlook.
The distance between the red and green boundaries of the cloud also suggests expanding volatility, which tends to support stronger directional moves.
Because the price is well above the cloud and all key Ichimoku components are aligned in bullish formation, the current setup supports the idea of an ongoing uptrend—at least in the short to mid-term—unless price sharply reverses and closes below the blue and red lines.
Will Bitcoin Break Above $100,000 Before May?
Bitcoin recently broke above the $90,000 mark for the first time since early March.
Its EMA lines support the bullish narrative, with all short-term moving averages positioned above the long-term ones and spaced widely apart—often a hallmark of a strong uptrend.
Bitcoin price could challenge key resistance levels at $96,484 and $99,472 if this momentum continues. A break above those could open the door for a push past the psychological $100,000 mark, with the next major target near $102,694—the highest level since early February.
However, there’s still room for caution. It may lose its short-term footing if Bitcoin retests and fails to hold the support level at $92,920.
In that case, price could slide toward $88,839, and if a downtrend takes shape, further losses down to $86,533 become more likely.
Dogecoin (DOGE), the popular meme cryptocurrency, is trading at $0.218, reflecting its robust community driven network and enduring appeal among retail investors.
Despite fluctuations, Dogecoin continues to stabilize around key support levels, drawing significant interest from whales and analysts forecasting a potential breakout to $0.29.
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The post Dogecoin (DOGE) Reaches $0.218, But Experts Say Ruvi AI (RUVI) Could Deliver Stunning 20,000% Returns appeared first on Coinpedia Fintech News
Dogecoin (DOGE), the popular meme cryptocurrency, is trading at $0.218, reflecting its robust community driven network and enduring appeal among retail investors. Despite fluctuations, Dogecoin continues to stabilize around key support levels, drawing significant interest from whales and analysts forecasting a potential breakout to $0.29. While Dogecoin strong market position make headlines, a new contender …
