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#Breaking: Dubai Government-Owned Bank Emirates NBD Offers Crypto Trading Through Liv X App 🟢Emirates NBD, the bank owned by the government of Dubai, is starting to offer crypto trading through a new mobile banking app Liv X. 🟢Liv is offering its crypto service using infrastructure operated by Aquanow, a digital asset platform licensed by Dubai's VARA. 🟢Dubai has been establishing itself as a crypto hub over a number of years, offering reasonably clear rules for firms to obtain licensing. Source: Coindesk

XRP exploded to nearly $3 after President Trump sounded plans for a United States crypto reserve alongside Bitcoin (BTC), Ethereum (ETH), Cardano (ADA) and Solana (SOL). The payments-focused token has since retreated 50% to $2.31 at press time, and one crypto pundit observed that XRP whales are secretly making huge moves. XRP Whales Just Cashed Out Harder Than They Ever Have According to data from CryptoQuant, large XRP holders are cashing out. Crypto pundit Kate Young-Ju cited XRP’s volume bubble map which shows increased activity between the $2 and $3 levels over the past month. Although high-volume activity can also indicate buyers, Young-Ju asserted that XRP is presently in a distribution phase. $XRP is currently in a distribution phase. pic.twitter.com/3KJPHs42KC — Kate The Alt (@kate_young_ju) March 2, 2025 For the uninformed, a distribution period is defined as a phase of profit-taking by investors, which typically happens near the peak of a rally. On-chain analyst JA Maartunn shared a similar sentiment, claiming in a recent post on X that XRP is currently undergoing a distribution phase. Using whale flow analysis, Maartun identified that negative whale flows estimated with a 30-day moving average (30-DMA) reached an all-time low zone. He explained: “This metric shows the Whale Flow. They are offloading $XRP like never seen before.” Moreover, XRP reserves on the Binance exchange have spiked to 2.90 billion tokens from 2.72 billion. This increase suggests heightened selling pressure, which aligns with the aforementioned development of XRP’s distribution stage. Is XRP Set For More Losses? Popular crypto pundit Dami DeFi suggested that XRP’s high time frame chart implies high consolidation below key resistance and ascending trendline. “With Trump backing XRP for the U.S. reserve, once it flips this level, it’s game on for price discovery,” Dami Defi added. However, Bitcoin enthusiast Matt C doesn’t think XRP is bullish. He highlighted the formation of an inverse head and shoulder for the altcoin. With the relative strength index (RSI) creating lower highs in XRP’s 1-day chart, Matt believes the token’s recent rally was “exit liquidity”. “No $XRP ideologue will do it… But one should be cashing out & buying $BTC immediately.” One factor that could be dampening enthusiasm among XRP traders is the protracted US Securities and Exchange Commission (SEC) suit against Ripple. While the SEC has already dropped enforcement cases against Coinbase, OpenSea, Robinhood, Uniswap, and Kraken, Ripple remains conspicuously absent from the bevy of dismissals. This uncertainty weakens investor conviction. Nevertheless, a surprise positive resolution in the foreseeable future could spark a meteoric surge in XRP.

Ricardo Salinas Pliego, a Mexican billionaire and founder of corporate conglomerate Grupo Salinas, has recently revealed that a massive chunk of his liquid portfolio is in Bitcoin (BTC) and BTC-related assets. With an estimated net worth of $5.8 billion, Salinas is the third-richest man in Mexico and among the top 200 richest people in the world. A Case For Bitcoin In A Portfolio Despite falling prices, Salinas is incredibly bullish about the world’s largest cryptocurrency. Ricardo Salinas told Bloomberg that 70% of his liquid investment portfolio is in Bitcoin. The remaining 40% consists primarily of gold, stakes in gold mining firms, and shares in his own businesses. “I’ve got about 70% in Bitcoin-related exposure and 30% in gold and gold miners,” Salinas quipped. “I don’t have a single bond and I don’t have any other stocks except my own.” The 70% figure is up from 2020, when the business magnate revealed 10% of his portfolio was in Bitcoin — saying at the time that the asset “protects the citizen from government expropriation.” Upping his holdings highlights his increasing confidence in Bitcoin as a reliable asset for wealth preservation. Salinas And Bitcoin: A Likely Match Salinas has long been a Bitcoin advocate. In October 2020, the cloud computing expert turned Bitcoin bull shared a list of book recommendations, including The Bitcoin Standard, by economist Saifedean Ammous. Not long after, he admitted he held Bitcoin in his portfolio. And then the billionaire fell deeper into the Bitcoin rabbit hole and changed his Twitter bio to include the world’s largest crypto by market cap. Salinas has since talked about Bitcoin frequently on social media, even encouraging his Twitter (aka X) followers in a December 2021 New Year message to avoid fiat and invest in Bitcoin. The price of Bitcoin leaped to as high as $94,770 on Sunday after Trump’s announcement for a United States crypto strategic reserve. However, the asset slipped below $82,000 earlier today as President Trump’s 25% tariffs on Mexico and Canada took effect. At the time of publication, the apex crypto had rebounded to $89,742.

‘Crypto Power Lunch’ Sets Stage for Key Regulation Ahead of White House Crypto Summit 2025 Fox Business reporter Eleanor Terrett shared in a latest X post that the U.S. Republican Representatives recently hosted a “Crypto Power Lunch” to discuss upcoming digital asset policies and potential legislation. The event was attended by key political figures, including Majority Whip Tom Emmer and Representative Bryan Steil, who leads the Digital Assets Subcommittee.  The lunch also featured prominent representatives from major crypto organizations and companies, like the Chamber of Digital Commerce, the Blockchain Association, Coinbase, Paradigm, Andreessen Horowitz (a16z), CoinFlip, Anchorage Digital, and Digital Currency Group (DCG). These industry leaders provided their insights on how to shape digital asset rules in the U.S. This event shows growing interest from both political parties in how to .

💰 $XRP /USDT 📈 Long ✳️ Entry - 2.5340 - 2.4760 🎯 Target - 2.5580, 2.5820, 2.6080, 2.6300, 2.6600, 2.7000 🀄 Leverage - 20x 🔴 Stoploss - 2.3700