Ripple CTO Issues Important Warning to XRP Army, ‘Rich Dad Poor Dad’ Author Makes Stunning BTC Price Prediction, SHIB and ADA Explode with Whale Activity: Crypto News Digest by U.Today

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As an experienced financial analyst, I find these news stories intriguing and thought I’d share my perspective on them based on my knowledge and observations.

Here are the top three news stories over the past day presented to you by U.Today.

Ripple CTO issues crucial warning to XRP community

David Schwartz, the CTO of Ripple, issued a cautionary statement to his over X followers. In a recent post, he showcased a screenshot from a message supposedly sent by a fraudster posing as a representative of the Ripple Support Team. The deceptive message instructed an unsuspecting XRP community member to complete a form regarding an alleged copyright infringement investigation within 24 hours, or risk account suspension. Schwartz strongly advised against engaging with this scam and warned that the linked “form” was in fact a phishing site designed to steal login credentials and personal information.

“Rich Dad Poor Dad” author makes stunning Bitcoin price prediction

In a recent post on X, the well-known investor and author Robert Kiyosaki, famous for his bestselling book “Rich Dad Poor Dad,” has expressed his viewpoint on Bitcoin’s potential price development in the near term. He stated that Bitcoin could reach $350,000 by August 25, 2024; however, he added a disclaimer to this assertion. Kiyosaki explained that this prediction should be considered as speculation and an opinion since no one can truly foresee the future of Bitcoin or any digital asset. He went on to mention that he is personally increasing his investments in Bitcoin, Ethereum, and Solana not out of certainty but rather due to his belief in the incompetence of current leaders.

Shiba Inu (SHIB) and Cardano explode with whale activity

As a researcher, I’ve discovered that both Shiba Inu and Cardano have experienced a substantial increase in large-scale transactions in recent days. According to data from Santiment reports, this surge can be attributed primarily to the heightened activity of “whales,” or investors executing transactions worth over $100,000. The number of such significant transactions for SHIB and ADA has more than doubled compared to the average for 2025.

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2024-06-07 19:28