Bitcoin (BTC) price had a strong start into the week, rising to multi-month highs following a spike in institutional flows led by MicroStrategy, meanwhile fears of rising inflation continued to draw in more capital. Bitcoin Market Movers: MicroStrategy and Metaplanet Accumulate BTC MicroStrategy made headlines by adding $764.9 million worth of BTC to its treasury, right after a class action lawsuit was filed accusing the firm of breaching federal securities laws. Source: PomerantzLLP Japanese investment firm Metaplanet also acquired $104.8 million in Bitcoin which brought its total holdings close to the $1 billion mark. The two transactions by MicroStrategy and Metaplanet likely had the largest impact on the asset’s surge to $107,148. Investors See Bitcoin as a Hedge Against Rising Inflation Apparently, investors are hellbent on using Bitcoin as a hedge amid a growing concern of inflation and the potential of hawkish monetary policies. In their latest earnings call, Walmart… Read More at Coingape.com
XRP News: Ripple whales have once again sent shockwaves across the broader crypto market with their massive movers. On-chain data revealed by a top crypto analyst highlighted that over $5 billion worth of XRP was transferred in the past 24 hours. As a result, traders and investors weigh considerable bullishness towards the crypto, with market sentiments further uplifted due to a U.S. crypto reserve and ETF approval odds gaining weight.
XRP News: Ripple Whales Sparks Market Buzz
The latest bullish XRP news seen by traders and investors remains heightened transfers despite the broader market volatility. According to analyst Ali Martinez’s X post on March 5, over $5.37 billion worth of XRP was moved in the past 24 hours.
Source: Ali Martinez, X
This massive mover by Ripple whales emerges in tandem with Donald Trump’s recent announcement to include XRP in the U.S. crypto reserve. Other crypto like Bitcoin (BTC), Solana (SOL), and Cardano (ADA) are also highly anticipated to be included in the reserve.
As an upshot, XRP transfers rose substantially amid market participants abuzz with the crypto reserve announcement.
XRP Active Addresses Spike Adding Optimism
Simultaneously, CoinGape reported that, as of early Asian hours on Wednesday, active addresses on XRP’s network also rose by a staggering 620%, from 74,589 to 462,650. This data further fell in line with the Ripple whale activity surge, underlining positive market sentiment surrounding the coin. Reportedly, the crypto even showcases the potential to flip Ethereum as new highs await amid strong market support.
XRP News: SEC Lawsuit Conclusion Looms Over The Horizon
Simultaneously, the odds of a wrap-up of the Ripple vs SEC lawsuit have also gained notable weight. Attorney Jeremy Hogan recently hinted that an early dismissal of the XRP lawsuit is possible.
Reportedly, the American blockchain company’s CEO, Brad Garlinghouse, might participate in the upcoming White House crypto summit. This endeavor has further sparked market discussions over its potential impact on the ongoing lawsuit. The U.S. SEC last held a closed-door meeting on February 27, 2025, adding a layer of intrigue among market watchers.
XRP Price Surges 6% Today
XRP price today witnessed 6% gains and rested at $2.49. The coin bottomed and peaked at $2.30 and $2.53 in the past 24 hours. Notably, the rising action falls in line with the broader crypto market trend as prices recovered, absorbing trade war tensions.
On the other hand, XRP futures OI rose nearly 7% to $3.40 billion today, emerging as another bullish news for investors, indicating rising market interest. Overall, market participants expect significant gains amid rising Ripple whale activity, investor interest, and lawsuit-related developments.
XRP ETF Bets Spike
Also, it’s worth taking into account the soaring bets of an XRP ETF approval in the pipeline. Polymarket data shows that the chances of approval hover around 78% in 2025, another bullish XRP news for investors.
The crypto market continues to face a sustained period of capital flight. According to the latest CoinShares report, digital asset investment products experienced a fifth week of outflows.
It comes amid continued bearish sentiment, with Bitcoin (BTC) bearing the worst as seen in its price, which remains well below the $90,000 threshold.
Crypto Outflows Surge to Nearly $1.7 Billion
The report indicates that total crypto outflows reached $1.687 billion, bringing cumulative losses over this negative streak to $6.4 billion. This also marks the 17th straight day of outflows, the longest unbroken period of capital withdrawals since 2015.
Despite the sustained downturn, year-to-date (YTD) inflows remain positive at $912 million. However, the latest market correction and consistent investor withdrawals have resulted in a $48 billion decline in total assets under management (AuM) across digital asset investment products.
Per the report, the US remains the epicenter of the ongoing crypto outflows, accounting for $1.16 billion in outflows. This represents approximately 93% of all outflows during this negative streak. In contrast, Germany experienced a modest inflow of $8 million, indicating regional variations in investor sentiment.
Bitcoin continues to withstand the worst of investor withdrawals, with an additional $978 million in outflows over the past week, bringing its five-week total to $5.4 billion. Meanwhile, short-Bitcoin positions also saw $3.6 million in outflows, indicating a general decrease in bearish bets against the pioneer crypto.
While most digital assets have declined, XRP continues to attract investment. It recorded an additional $1.8 million in inflows, standing out as one of the few assets seeing positive momentum.
One of the most striking developments during this market downturn was the Binance exchange’s near wipeout of assets under management. A key seed investor’s exit drained almost all of Binance’s AuM, leaving the exchange with just $15 million in remaining AuM.
Meanwhile, this sustained sell-off follows a weeks-long pattern of negative sentiment. The previous week, crypto outflows hit $876 million, with US investors leading the charge in market liquidations.
Before that, outflows had already neared $3 billion, driven by weak investor sentiment and rising market fears.
The persistent crypto outflows and declining AuM figures suggest that confidence in the crypto sector is yet to recover. However, pockets of resilience—such as XRP’s inflows and minor gains in Germany, indicate that investor appetite has not vanished entirely.
As Justin Sun’s Tron network has undergone a significant upgrade, the TRX price has seen a major rally despite the recent hack. Reportedly, scammers hacked the official Twitter account of Tron and used it to steal user funds. While Sun traced the stolen funds to OKX, he contacted them to freeze the assets.
Notably, the TRX price, currently trading at $0.2482, surged by a marginal $1.6% over the last 24 hours and a notable 7.2% over the past month despite a 0.6% weekly dip. Though TRX reached a daily high of $0.2498 following the upgrade, the Twitter hack pulled the price down.
Tron Upgrade Boosts TRX Price Despite Recent Security Breach
Justin Sun’s Tron blockchain received a major upgrade, only to be hit by a security breach on the platform’s official X account shortly after. However, Tron’s TRX token stood largely unaffected by the hack, surging by nearly 2%.
Immediately after the upgrade, the token saw a significant surge of 7%, with its trading volume increasing by a whopping 43%. According to TronScan’s on-chain data, transaction volume on the TRON network surged 15% to over 5.8 million transactions by 1:00 PM UTC
Despite the hack, the TRX token is now trading around $0.24, sparking optimism within the Tron ecosystem.
Twitter Hack: What Happened to Tron?
Following the upgrade, the Tron ecosystem faced a security breach, with scammers hacking the firm’s official Twitter account to promote a scam. Using the compromised account, the scammers stole funds and moved them to accounts allegedly linked to OKX, a top crypto exchange.
Taking quick action on the matter, Justin Sun urged OKX to freeze the funds connected to the scam. Addressing X, Sun wrote on X,
We urgently call on @okx to immediately freeze and investigate the fraudulent funds deposited following the illegal takeover of the @trondao Twitter account. We trust that OKX will act swiftly and responsibly, ensuring that its platform does not become a safe haven for scam proceeds.
Further, seeking support from the investigation team, Sun exposed the scammer’s deposit address: EuzLBJdKCxYEPW7SDrn8GSaFkMEPxnW9Vk6fZr8ZrqwH. He also provided two transaction hashes:
5iA3uxng1Fu………..ZvMrZEA
5a1egGEwnxquSDK…………NNdHvhyH53ad
OKX Responds
In response to Justin Sun’s request, OKX Founder Star Xu posited that the platform will collaborate with law enforcement and may freeze funds based on preliminary evidence. However, he added that continued freezing requires legal documentation from authorities.
Despite these incidents over the past few hours, the TRX price remains stable, trading in a green zone.
