Adam Forsyth

ZachXBT flags JuCoin reserves as users report withdrawal delays

JuCoin is facing fresh scrutiny after on-chain investigator ZachXBT flagged user complaints about withdrawal delays and questioned the exchange’s reserve claims. Summary ZachXBT said JuCoin users reported withdrawal delays over the past week, raising exchange risk concerns. JuCoin’s reported reserves face questions over USDC and USDT issued on its own JuChain. JuCoin blamed delays on…

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XRP Ledger Eyes Tokenized Finance as Schwartz Maps Next Use Cases

David Schwartz, Ripple’s CTO emeritus, says XRP Ledger utility is moving beyond its early role in payments as enterprises test wider blockchain-based finance. Summary David Schwartz says XRP Ledger use is expanding from payments into tokenized real-world financial assets. RLUSD’s multichain rollout gives XRPL developers more liquidity for tokenization, payments, and DeFi products. XRPL activity…

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BlackRock’s IBIT leads Bitcoin ETFs back into outflows as BTC price slides

U.S. spot Bitcoin ETFs returned to net outflows on Friday after briefly snapping a record withdrawal streak, with BlackRock’s IBIT leading the declines as Bitcoin fell below the key $60,000 support level and investor sentiment deteriorated. Summary Bitcoin ETFs posted $325.7 million in outflows, led by BlackRock’s IBIT with $213.7 million withdrawn.. Bitcoin price fell…

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Will ETH Dump Toward $1K Next?

Ethereum has entered a decisive bearish phase after losing multiple high-timeframe support levels in a matter of days. The latest sell-off pushed ETH through a major confluence zone that had previously acted as support throughout the first half of the year, placing the market at a critical juncture where buyers must defend lower demand levels…

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