SIX priceSIX

Ripple's XRP is down 7% on Friday following bearish pressure from macroeconomic factors, including United States (US) President Donald Trump's tariff threats and rising US inflation. The downside pressure could accelerate if XRP's on-chain activity fails to pick up amid its rising supply. 🔶 XRP on-chain metrics stay mum as supply spikes XRP — like most cryptocurrencies — has been heavily impacted by Trump’s tariff threats in the past weeks, suffering a 35% drawdown from its peak of $3.40 in January. This largely contrasts with its move in the last quarter of 2024 into early January, where it surged over 500%. The announcement of the US Securities and Exchange Commission (SEC) dropping its appeal against Ripple also failed to trigger an XRP rally, as prices remained flat. Investors had already largely priced in the outcome, considering the new SEC administration ended several legal cases against crypto companies. It's unclear whether XRP will see similar moves as it did last quarter again in the current cycle, considering there are no primary tailwinds affecting its price in the coming months and its declining on-chain activity. Whale investors have scaled down their activity, with their transaction count trending toward pre-US election levels. XRP whale transaction count. Source: Santiment Additionally, XRP exchange reserves across Binance and Upbit — which host the largest XRP supply — have been fairly flat since the beginning of March, indicating low accumulation or distribution around the token. On the derivatives side, XRP's open interest is gradually recovering, rising to 1.75 billion XRP from a monthly low of 1.35 billion XRP, per Coinglass data. However, XRP risks declining from supply-side pressure if demand fails to pick up in the coming months. Ripple unlocks 1 billion from its escrow monthly, with an average of 33% of the unlocked supply hitting the market gradually. This is visible in its circulating supply growth in the past year, increasing sharply from 54 billion to 58 billion XRP. XRP circulating supply growth 🔶 XRP could fall to $1.35 if it validates Head & Shoulders pattern🔸 XRP saw $24.89 million in futures liquidations in the past 24 hours, per Coinglass data. The total amount of long and short liquidations accounted for $23.63 million and $1.26 million, respectively. The remittance-based token declined below the support near $2.34, recording a 7% loss on the daily timeframe. XRP could be on the verge of validating a Head-and-Shoulders (H&S) pattern if it breaches the $1.96 support — just below the $2.00 psychological level. Such a move could send XRP toward the $1.35 support level. On the contrary, XRP could bounce off the $1.96 support as bulls have defended the level on six occasions since its rally above the level last December. XRP/USDT daily chart The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) have crossed below their neutral levels and moving averages, indicating rising bearish momentum. A daily candlestick close above $2.60 will invalidate the thesis and potentially send XRP to test the $2.78 resistance. $XRP

Bitmex, a Seychelles-based crypto derivatives exchange launched in 2014, faced U.S. legal scrutiny in 2020 when prosecutors accused its founders of violating the Bank Secrecy Act. Authorities alleged that the platform operated without adequate anti-money laundering (AML) protocols, enabling anonymous trading that could facilitate illicit finance. The founders pleaded guilty in 2022, post-Trump’s first term, to willfully neglecting AML requirements. Hayes and Delo received probation and six-figure fines, while Reed accepted similar terms. A fourth executive, Gregory Dwyer, was convicted but not included in Trump’s pardon. The pardons, issued during Trump’s second term, eliminate the trio’s criminal records but do not reverse fines. No official explanation was provided, though the move aligns with Trump’s recent pro-crypto stance, including meetings with industry leaders and prior pardons for figures like Silk Road’s Ross Ulbricht. The pardon wave has also sparked speculation that Roger Ver—currently battling extradition to the U.S. over alleged tax violations—might benefit from a similar pardon Hayes, Delo, and Reed have not publicly commented. The pardons’ timing—a day before Trump’s reported policy announcements—fuels debate over their implications for crypto regulation and presidential clemency norms. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。

Crypto Fear & Greed Index falls 18 points to 26, indicating pessimism The Crypto Fear & Greed Index, provided by software development platform Alternative, stands at 26 as of March 29, down 18 points from the previous day. Amid worsened sentiment, the index stayed in the "Fear" zone. The index ranges from 0 to 100 where 0 signifies extreme fear and 100 indicates extreme greed in the crypto market. The fear and greed index takes into account six different factors: volatility (25%), market momentum/volume (25%), social media (15%), surveys (15%), Bitcoin dominance (10%) and Google Trends (10%).

The Aave community has voted to allow the adoption of Chainlink’s Smart Value Recapture feature as the protocol looks to reclaim millions in maximum extractable value lost to oracles. Aave ( AAVE ) a top decentralized finance protocol, has integrated the Smart Value Recapture on the Ethereum ( ETH ) mainnet. This follows an on-chain vote by the community. Chainlink ( LINK ) introduced the MEV recapture solution in December 2024. With this integration , Aave and Chainlink aim to recover oracle extractable value that has previously leaked to blockchains. SVR is thus introducing a new standard for Aave and others in the DeFi ecosystem, a way to add to network revenue. It’s also a big move for a platform to create a sustainable economic path as they tap into oracles . The deployment is a joint effort between Chainlink and Aave-focused developer groups BGD Labs and Aave Chan Initiative, with additional input from Flashbots, a research and development platform working on solutions to the negative effects of extractable value on Ethereum. SVR will help Aave recapture oracle-related MEV via Chainlink’s oracle networks as well as Flashbots’ MEV-Share service. “Optimizing liquidation algorithms on DeFi while keeping the protocols financially and technically secure is a massive endeavor. But once again, the Aave-Chainlink partnership delivers, innovating responsibly on the edge with SVR and its OEV recapturing model,” Ernesto Boado, the co-founder of BGD Labs, said in a statement. As a start, Aave will use SVR to reclaim liquidation MEV from Threshold Bitcoin (tBTC)—the Bitcoin-backed token that allows holders to mint and use BTC on Ethereum to access DeFi opportunities. Initial support will also include LBTC, AAVE, and LINK, with more markets to follow. Revenue from the recaptured value will be split 65% for Aave and 35% for Chainlink communities during the first six months. Chainlink plans to convert its portion of SVR fees into LINK, to be distributed to network service providers.

Leading Proof-of-Stake blockchain Cardano is set for a major update with the introduction of Leios. This new protocol is developed to solve scalability, security, and decentralization concerns to help network users get more. Charles Hoskinson, the founder of Cardano, disclosed that Leios is exclusive to the Cardano network despite being open-source. In an X post, Cardano insider Tim Harrison shared that Leios is set to introduce a peculiar way of managing transactions on the network. It will work by allowing blocks to be created and processed in parallel. Contrary to the present system, which processes one block at a time, Leios will enable multiple blocks to be ranked and validated simultaneously. According to the update, this recent development is expected to increase transaction speed without compromising blockchain security and decentralization. Presently, Cardano operates on the Ouroboros Peras protocol. This model prioritizes security but limits the number of transactions that can be processed at a time. With a throughput of about 12 transactions per second, it lags behind competitors like Solana, which processes thousands. Fortunately for the project, the coming upgrade intends to close this gap by removing some of the challenges slowing down the network’s potential. Hoskinson revealed that resources have been redirected to Leios, with nearly seven full-time developers working on it. According to Charles Hoskinson, the protocol has been under development for six years. In a previous article, we discussed that Hoskinson mentioned that Leios update was developed to solve the blockchain trilemma. These include decentralization, scalability, and community-driven governance. Another key change with the Leios upgrade includes a new fee structure. This will allow users to prioritize their transactions based on urgency. The developers are certain that this feature would speed up transactions for platform users who need quick confirmations while keeping costs manageable for others. It is important to state that Leios is based on Ouroboros Peras, a previous upgrade that added a voting system to help confirm transactions faster. With Leios, Cardano is taking things further to make the network run even more smoothly. As noted in our earlier post, Cardano seeks to scale its network to accommodate billions of users worldwide by 2030. Per the update, one of the major transformations Leios will bring is better network synchronization. Currently, nodes execute every smart contract during the syncing process, which slows down performance. Still, Cardano contributors are certain that the recent upgrade will streamline this process, reducing the time needed for nodes to update and join the network. Even though Leios is open-source, it will remain exclusive to Cardano for now. Charles Hoskinson explained that while other blockchains could try to create something similar, Leios is specifically designed for Cardano’s ecosystem and will not be easily adapted elsewhere. Since he made the post on X, it has attracted positive sentiment in the Cardano community. Many experts believe that with its intention of making the network faster and more efficient, Leios could be a potential innovation that will strengthen Cardano’s position in the blockchain industry.