TLDR
- BNB has stagnated around $300 amid rumors of Binance user data being sold on the dark web and the exchange’s non-compliance in India.
- XRP hovers around a yearly low after a $112.5 million hack of XRP co-founder’s wallets.
- Meme coin Rebel Satoshi prepares for the final round of fast-selling presale, which will end this month.
A strong US dollar and large liquidations have stagnated top crypto coins like Binance Coin (BNB) and Ripple (XRP). Naturally, investors have sought greener pastures with new yet promising projects such as Rebel Satoshi ($RBLZ).
Yet, the project offers more than short-term relief. More buyers continue to resonate with its long-term revolutionary goals and plans to be a considerable meme coin.
Stick around to find out more – let’s first cover the trending developments for BNB and XRP.
BNB Ranges Around $300 Level Amid Binance’s Privacy Concerns And Legal Issues
While BNB firmly remains in the list of top 10 altcoins, its price has ranged around the $300 level. The token hit a yearly high of $338 in December 2023, rising 66% since October 2023 from $203. This was despite Binance’s ongoing legal and regulatory problems, although the same have plagued BNB again.
The world’s largest crypto exchange has found itself in hot water with speculation that user data is being leaked and sold on the dark web. Several technically savvy users stumbled upon sensitive Binance-related material on GitHub, like compromised code and internal passwords.
While Binance immediately performed ‘damage control,’ not everyone is convinced. Finally, the exchange is one of nine crypto exchanges likely to be banned in India for non-compliance with anti-money laundering laws.
With these setbacks in mind, forecasts aren’t as bullish, suggesting a minimum yearly peak for BNB of $350.
Ripple Co-Founder Stripped Off $112.5 Million Worth Of XRP
XRP’s price is down 33% from the 2023 high of $0.75, currently worth $0.50. It reached a yearly low of $0.48 at the end of last month after the wallets of Ripple’s co-founder Chris Larsen got hacked.
Data from ZachXBT shows that the financial damage cost Larsen $112.5 million (or 213 million XRP). The business executive implied that the hack was an isolated incident and reaffirmed that Ripple’s other wallets were secure.
Larsen also suggested that the stolen XRP was quickly laundered through crypto platforms like Gate, MEXC, OKX, Kraken, and Binance. Speaking of Binance, reports suggest that the exchange froze $4.2 million of the stolen funds.
However, this event (coupled with a decline in many altcoins to watch) has seen a drop in investor confidence in XRP. Still, some forecasters believe XRP may hit at least $1 before 2025.
Lastly, let’s conclude the news by studying Rebel Satoshi!
Final Round For Rebel Satoshi’s Sought-After Presale Beckons
Rebel Satoshi is a unique meme coin, keeping the fight alive for decentralized finance through rebel culture and community-building. It’s a project advocating for like-minded individuals and entities to defy the modern financial system rigged only to benefit the elites. Rebel Satoshi aims to reach $100 million in market cap to fulfil this dream and reward community members.
The financial ecosystem for Rebel Satoshi revolves around staking and NFTs enabled by the $RBLZ token. Users are set to earn passive income by ‘freezing’ their $RBLZ. Moreover, it’s the key to unlocking the enchanting Rebel Artefacts Vault, an NFT marketplace with 9,999 collectibles and digital art of the following symbolic characters: Citizens, Warriors, Rebels, Monarchs, and Recusants.
Rebel Satoshi is diverting the spotlight from ‘monarchs’ (Monarchs Round 4) to ‘recusants,’ with the last presale stage dubbed ‘Recusants Round 5.’ This will occur by this week’s end, where $RBLZ increases 13.6% from $0.022 to $0.025. Buyers who invested in the first round (when $RBLZ was worth $0.010) can anticipate a 150% gain on their holdings.
Regardless, the excitement is only getting started! Rebel Satoshi prepares to launch shortly after the presale finishes on February 29, 2024. Anticipation is also rising for the listing of $RBLZ on exchanges, with a further surge on the cards!
For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram
