failed – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sun, 24 Aug 2025 20:43:22 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 failed – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Sam Altman Admits GPT-5 Rollout Failed, Pins Hopes on GPT-6 https://earlybirdsinvest.com/sam-altman-admits-gpt-5-rollout-failed-pins-hopes-on-gpt-6/ https://earlybirdsinvest.com/sam-altman-admits-gpt-5-rollout-failed-pins-hopes-on-gpt-6/#respond Sun, 24 Aug 2025 20:43:22 +0000 https://earlybirdsinvest.com/sam-altman-admits-gpt-5-rollout-failed-pins-hopes-on-gpt-6/

OpenAI CEO Sam Altman admitted that the release of GPT-5 did not go as planned, as he acknowledged mistakes in how the upgrade was introduced to users.

He explained that the company is already taking those lessons into account while preparing its next model, GPT-6.

Altman spoke at a private dinner with reporters in San Francisco, as first reported by The Verge. He said the biggest error was switching ChatGPT’s default system from the “4o” model, which was popular for its natural tone, to GPT-5 without enough consideration for how disruptive that change would be.

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He said, “I think we totally screwed up some things on the rollout”. He added that pushing a sudden update to hundreds of millions of people at once was a mistake.

Altman said GPT-6 will arrive faster than the long wait between GPT-4 and GPT-5. However, progress depends on chip supply, which remains limited. He noted:

We have better models, and we just can’t offer them because we don’t have the capacity.

He explained that massive investment in data centers, possibly “trillions of dollars”, will be required to support future systems.

Altman also commented on the wider artificial intelligence (AI) industry. He said that investor enthusiasm for AI has likely gone too far, but at the same time, he believes the technology is one of the most important developments in years.

On August 15, the AI company Anthropic added a new option to its Claude models, Opus 4 and 4.1. What does the feature do? Read the full story.


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Failed Bitcoin (BTC) Breakout: Critical, XRP Symmetrical Triangle Explosion? Ethereum (ETH) Dominance Brings $5,000 https://earlybirdsinvest.com/failed-bitcoin-btc-breakout-critical-xrp-symmetrical-triangle-explosion-ethereum-eth-dominance-brings-5000/ https://earlybirdsinvest.com/failed-bitcoin-btc-breakout-critical-xrp-symmetrical-triangle-explosion-ethereum-eth-dominance-brings-5000/#respond Wed, 13 Aug 2025 05:26:42 +0000 https://earlybirdsinvest.com/failed-bitcoin-btc-breakout-critical-xrp-symmetrical-triangle-explosion-ethereum-eth-dominance-brings-5000/
  • XRP in symmetrical triangle
  • Ethereum stays dominant

Recent price movements for Bitcoin clearly show that market tension is rising as the asset tries to break through a significant resistance level close to $120,000. Bitcoin has tested the upper resistance band twice in the last week, but both times it was unable to sustain a breakout, and sellers intervened to drive the price back down. 

From a technical standpoint, this repeated rejection indicates that $120,000 is proving to be an unbreakable barrier both technically and psychologically. Bullish momentum runs the risk of stalling if it does not close decisively above this level. The 26-day and 50-day exponential moving averages (EMAs) are now steadily rising and closing in on Bitcoin’s price, which is adding to the pressure. 

Article image
BTC/USDT Chart by TradingView

If the “digital gold” enters hibernation here, these EMAs may compress the market, forcing Bitcoin to move. The trading volume is the most alarming indicator. There was not much buyer conviction at these high levels, as evidenced by the relatively low volume of both breakout attempts. 

In the past, genuine breakouts needed a discernible spike in trading activity to withstand selling pressure and maintain upward momentum. In the absence of that, the chance of a fakeout increases significantly. Bitcoin might be in danger of reverting to important support areas if buyers are unable to regain control quickly. The immediate downside targets are $116,350 and $114,380. A clean breakout above $120,000 on high volume might lead to a sharp increase in price that could reach previously unheard-of heights. 

XRP in symmetrical triangle

On the daily chart, XRP is trading within the enclosing limits of a symmetrical triangle pattern, heading toward a potentially explosive point. The price is currently hovering near the formation’s tip. Whenever assets reach the edge of such formations, volatility implosions appear.

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A period of consolidation preceding a notable price swing is usually followed by the symmetrical triangle, which is made up of converging trendlines of higher lows and lower highs. After XRP’s strong rally toward $3.70 in late July, which was followed by a slow decline that kept the market tight in a narrowing range, the current structure has been taking shape.

One important technical finding is that as the triangle ages, trading volume decreases. Because market players wait for a breakout to give them direction, this decline in activity frequently occurs before volatility spikes. Once volume returns, it can fuel an outsized move, in either direction, depending on whether buyers or sellers seize control. 

With a confirmed breakout above the descending trendline, bullish momentum may be reignited on the upside, possibly aiming for the previous swing high around $3.70 and if momentum continues setting up for new yearly highs.

On the other hand, a break below the rising support line might allow for a retest of the $2.83 and $3.06 support zones, where the 50-day EMA is currently located as extra support. Given how quickly the triangle’s tip is approaching, the timing points to the possibility of an impending volatility spike. The form is where traders will be looking for confirmation. 

Ethereum stays dominant

With the second-largest cryptocurrency by market capitalization maintaining its market leadership and rising to new annual highs, Ethereum’s remarkable run is still going strong. Now that price action has broken through all of the resistance levels, ETH has an open path to the psychological $5,000 mark. Strong upward legs that build on each other’s momentum have been the rally’s defining feature. 

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From the break above $3,000 to the most recent push above $4,400, Ethereum’s daily chart has continuously shown bullish structure. The focus of the larger market on ETH has increased this strength as the asset is seeing a significant influx of sentiment and liquidity. Technical traders are aiming for $5,000 as the next logical target because the chart currently shows no notable resistance levels ahead. 

Nevertheless, the volume profile has a more cautious picture in spite of the aggressive price advance. In contrast to previous stages of the rally, the current surge has been bolstered by comparatively low trading volume, which may indicate that momentum may wane in the absence of greater participation. 

In addition to the warning, the relative strength index — or RSI — is displaying a bearish divergence, with the price reaching higher highs and the RSI reaching lower highs. This pattern may precede a pullback or consolidation phase and frequently indicates waning bullish pressure. 

With market dominance close to its peak levels and overwhelmingly positive sentiment, Ethereum is in control for the time being. A short-term correction could allow bulls to reload before the final push to $5,000, or it could sustain the rally without new buying volume.

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Why Bitcoin Price Failed To Break $123,000 In The Past Week — Analyst Explains https://earlybirdsinvest.com/why-bitcoin-price-failed-to-break-123000-in-the-past-week-analyst-explains/ https://earlybirdsinvest.com/why-bitcoin-price-failed-to-break-123000-in-the-past-week-analyst-explains/#respond Sat, 19 Jul 2025 17:12:51 +0000 https://earlybirdsinvest.com/why-bitcoin-price-failed-to-break-123000-in-the-past-week-analyst-explains/

The crypto market was a story of two distinct halves, one of which saw the Bitcoin price soar to multiple all-time highs. After reaching its all-time high of around $122,800, the premier cryptocurrency has succumbed to a sobering wave of bearish pressure in the past few days.

This recent wave of downward pressure was precipitated by the movement of a Satoshi-era whale on Thursday, July 17. However, the Bitcoin price never seemed likely to cross the $123,000 level, and a prominent on-chain expert on X has explained why.

Is The Move To $143,000 Still Possible?

In a recent post on the social media platform X, Alphractal CEO & founder Joao Wedson explained why the price of BTC failed to break the $123,000 level during its rally to a new all-time high in the past week. According to the crypto expert, this seeming loss of momentum could spell danger for the market leader in the short term.

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The rationale behind this prediction is that the $123,000 region (or more precisely, $123,370) is the second Alpha Price level for the Bitcoin price. For context, the Alpha Price is a powerful on-chain indicator that uses several key metrics to estimate where the BTC price is likely to find support or resistance.

In essence, the Alpha Price is a level that the price of Bitcoin needs to breach and stay above to enter the next significant phase of the bull cycle. “It begins by calculating the market’s age in days and uses that to derive the average market cap—essentially the historical valuation baseline,” Wedson added about the indicator.

Bitcoin Price
Source: @joao_wedson on X

As shown in the chart above, the Alpha Price indicator has multiple threshold levels, which behave like pressure regions. These thresholds reflect zones where investor sentiment is likely to shift; lower levels act as supports because investors often buy to defend their positions, while upper levels signal increased selling pressure due to profit taking.

Wedson noted that the Bitcoin price failing to breach the second Alpha Price level doesn’t imply that the market top is in. However, the $123,370 region is a clear resistance zone, and the BTC price might need to face some pullback before climbing to new highs.

Wedson also mentioned that the Alpha Price level will update on Saturday, July 19, as it’s dynamically adjusted based on real-time on-chain transaction flows. Nevertheless, if the Bitcoin price does break this level, a move to above $143,000 could still be on the cards.

Bitcoin Price At A Glance

As of this writing, the price of BTC stands at around $117,610, reflecting an over 2% decline in the past 24 hours.

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Bitcoin price
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView

Featured image from iStock, chart from TradingView

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Disney’s America: The bizarre true story of a failed US history theme park https://earlybirdsinvest.com/disneys-america-the-bizarre-true-story-of-a-failed-us-history-theme-park/ https://earlybirdsinvest.com/disneys-america-the-bizarre-true-story-of-a-failed-us-history-theme-park/#respond Fri, 04 Jul 2025 12:33:40 +0000 https://earlybirdsinvest.com/disneys-america-the-bizarre-true-story-of-a-failed-us-history-theme-park/

How we tell the story of the United States — and who’s included in it and how — has been an ongoing battle in the country for decades. It’s one currently being waged by the Trump administration, such as when it scrubbed references to Jackie Robinson and Harriet Tubman from government webpages in the name of clamping down on “DEI.”

And in the 1990s, Disney had a particularly zany idea of how to tell the story of America — one that set off a culture war as the company sought to create an amusement park focused on US history, warts and all.

Disney’s America, the doomed amusement park, would have contained the story of immigration told through the Muppets’ musical-comedy stylings. It would have had sections dedicated to the Industrial Revolution, Native America, and the Civil War. It would, as Disney executives put it at the time, “make you a Civil War soldier. We want to make you feel what it was like to be a slave.”

The ensuing battle over Disney’s America would be one of Disney’s biggest failures — and a precursor to battles we’re still fighting today.

To learn more about what Disney tried to do, what ended up happening, and what it all means, Today, Explained co-host Sean Rameswaram spoke with historian Jacqui Shine.

Below is an excerpt of their conversation, edited for length and clarity. There’s much more in the full podcast, so listen to Today, Explained wherever you get podcasts, including Apple Podcasts, Pandora, and Spotify.

Where does this story begin?

It begins with Michael Eisner, who came to Disney as its CEO and chairman in 1984. Eisner is ambitious, aggressive. Over the next 10 years, in what Disney buffs called the Disney Renaissance, the company has this enormous critical and commercial success with a run of animated movies. The juggernaut of this is The Little Mermaid, followed by Beauty and the Beast, The Lion King and Aladdin.

Maybe high on that supply, Eisner announces this plan for what he calls the Disney decade, which is this broad expansion of the company’s parks and resorts. The most high-profile project here was Euro Disney Resort, which is now Disneyland Paris. And there’s high expectations for the Disney decade and for the success of the Parks program.

This doesn’t go quite the way that they hope it will. Euro Disney doesn’t do well at opening. It loses nearly a billion dollars in its first year. So the failure of Euro Disney leads the company to want to pivot to more US expansion on smaller park projects.

In 1991, the head of the parks division brings Eisner and Disney’s president Frank Wells to Colonial Williamsburg. This inspires this plan for a history-themed Disney Park, Disney’s America.

They want to put it in Virginia because they imagine that it can become part of the DC-area tourist economy, and that a Disney theme park that is about American history will fit really well into this context. This is not a project that was supposed to involve Mickey Mouse or any of the Disney icons. Disney was starting work on Pocahontas.

Eisner says that he was reading a lot about John Smith and Pocahontas and that internally, the company was interested in democracy as a sort of, as a thematic subject.

So Eisner and Disney have an idea of what they don’t want to do, and perhaps more importantly, what they do want to do with this park. To build it, obviously you’re going to need some land. I imagine Disney just didn’t already have a huge parcel of property in northern Virginia-ish. Do they buy some?

They do. Between 1991 and 1993, Disney secretly begins buying up parcels of land in the area through shell companies. The guy who was in charge of buying apparently used a fake persona; this was very undercover, this is all happening secretly. It is also less than five miles from a National Park Service Civil War Battlefield: Manassas. This is a place where about 3,700 men died and where there were about 25,000 total casualties.

They’re doing this secretly. At what point does Manassas find out that Mickey Mouse is buying up their land?

Almost everybody finds out in November 1993 when Disney announces the project.

I think initially people receive this warmly, because Disney’s promising a significant amount of economic development for the region and Disney is promising a complex experience of American history there. The guy who heads the Disney’s America project, Bob Weis, says in the press release they envisioned Disney’s America as a place to debate and discuss the future of our nation and to learn more about the past by living it.

And they are quick to say that this is a project that is not going to whitewash American history. Eisner is interviewed in the Washington Post the next day. He says that the park will present painful, disturbing, agonizing history. We’re going to be sensitive, but we will not be showing the absolute propaganda of the country. We will show the Civil War with all this racial conflict.

This was a very serious, very powerful, very successful entertainment executive saying, “We’re gonna make a kiddy theme park that will take our most brutal history seriously.

Yes. And I think, like you, a lot of people had trouble with that contradiction. The day after this press release is issued, Disney holds a press conference in Haymarket. At this presser, Bob Weis, who is the senior vice president of imagineering, which is Disney’s creative division, says, “This will be entertaining in the sense that it would leave you something you could mull over. We want to make you a Civil War soldier. We want to make you feel what it was like to be a slave or what it was like to escape through the underground railroad.”

This moment, I think, comes to define this conflict in the public eye.

It’s such a nutty thing to hear a serious person say. Your kids could come to our theme park, home of Mickey Mouse, and find out what it’s like to be a slave. I imagine at this point, people are just like, “I’m sorry, I’m gonna need some more specifics.

Yes. They put out a brochure, which is where a lot of the information that we have about what this would’ve been like comes from.

“Any kind of debate about public history is always going to be about trying to stake some sort of political or ideological claim about the meaning of American history.”

You enter at Crossroads USA, and there you board an 1840s train that takes you first to President Square, which they say celebrates the birth of democracy. It’s about the Revolutionary War.

You follow that to Native America. They say, “guests may visit an Indian village representing such eastern tribes as the Powhatans, or join in a harrowing Lewis and Clark raft expedition through pounding rapids and churning whirlpools.” We’re going to be educating people about Manifest Destiny here.

We move from Native America to the Civil War fort, where they say you’re going to experience the reality of a soldier’s daily life. After the Civil War fort, you go to a section on American immigration. And they’re going to build a replica Ellis Island building. Some sources indicate they would’ve done a show called The Muppets Take America.

The next section is a factory town called Enterprise that centers on a high-speed adventure ride called the Industrial Revolution. That involves a narrow escape from its fiery vat of molten steel.

Then you go to Victory Field, where guests may parachute from a plane or operate tanks and weapons in combat.

You then hit the last two areas, State Fair and Family Farm, to learn how to make homemade ice cream or milk a cow and even participate in a nearby country wedding, barn dance, and buffet.

This sounds like one doozy of a brochure. Does it work? Does it convince everyone?

Does that slow down Michael Eisner? Is he ready to give up?

No. And that is where the fight begins. People hook in, in particular, to this idea that Disney’s going to include some element about American chattel slavery. And he is aggressive about saying, No, we weren’t going to do that. Why would you think that?

He is really persuaded that Disney’s big swing can work, that this idea has value and merit, and that the people who are standing against it are misguided.

At this point, is this fight relegated to Virginia, or is it getting bigger? This is obviously an international company with a huge cultural footprint.

It’s getting bigger. One of the things that contributes to this is that the Washington Post does a lot of coverage of this, which makes it go national. And it starts this debate in editorial pages about whether or not Disney can responsibly represent American history and whether or not the Disneyfication of American history is advisable.

And what happens when national papers, opinion columns start weighing in on this debate?

A few things happen. In early 1994, a strong coalition of opponents develops, including people who are concerned about preserving the environment there.

But then the historians get involved. The big guns come out when this group called Protect Historic America launches. This is a group of big-name, high-powered academic historians. This group of major figures stepped forward to say they’re concerned about education around the Civil War and about the park’s location near Manassas. In very short order, dozens and dozens of historians volunteer their time to write editorials, to comment to the media. They’re really fired up about this.

I read that this fight also somehow made it to the United States Congress. Why is this even Congress’s business?

This is one of the interesting things that comes out of Senate Energy and Natural Resources subcommittee hearings. The entree into this is that this involves public lands of national importance. Five hundred people come to the Senate hearing, and Eisner’s really combative. He says about the people who are opposed to this, “I sat through many history classes where I read some of their stuff and I didn’t learn anything. It was pretty boring.”

At this point you’ve got historians speaking out about this. You’ve got op-ed columns being written, it sounds like all over the country. You’ve got a hearing on Capitol Hill. Are people out in the streets protesting this somewhere?

They are. Eisner is on the Hill trying to make nice with DC politicians and invites them to a special screening of The Lion King. But when they leave the theater, there are about a hundred protestors outside. Bigger than this though, in September 1994, 3,000 people march on the National Mall to protest Disney’s America.

Nationally, public support for the park has dropped to like 25 percent. At the end of September 1994, the company announces that Disney is withdrawing from the Virginia site. It’s clear that people don’t want it to be sited where it is, and they’re giving up. It’s over for Disney’s America. It is curtains for Disney’s America.

How do you think what happened in the ’90s connects to the kinds of fights we’re having about our history right now?

Any kind of debate about public history is always going to be about trying to stake some sort of political or ideological claim about the meaning of American history. Right now we see this very direct, very aggressive effort to insist on a positivist narrative about American history.

One of the things that I think people found puzzling about the early days of the Trump administration was that the National Endowment for the Humanities cut an enormous amount of active grants. And they issued new guidelines seeking projects, they say, that instill “an understanding of the founding principles and ideals that make America an exceptional country.” I think partly this is the administration’s backlash to efforts in the last decade to bring a more nuanced and complex understanding to structural oppression in US history.

We fantasize about American history in all kinds of ways, in all kinds of places. I don’t know that Disney in seeking to do that was necessarily doing anything out of step with how we represent the American story.

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Bitcoin whipsaws back to $104k after losing six-figures as Iran’s failed attack signals end of tensions https://earlybirdsinvest.com/bitcoin-whipsaws-back-to-104k-after-losing-six-figures-as-irans-failed-attack-signals-end-of-tensions/ https://earlybirdsinvest.com/bitcoin-whipsaws-back-to-104k-after-losing-six-figures-as-irans-failed-attack-signals-end-of-tensions/#respond Mon, 23 Jun 2025 21:48:46 +0000 https://earlybirdsinvest.com/bitcoin-whipsaws-back-to-104k-after-losing-six-figures-as-irans-failed-attack-signals-end-of-tensions/

Bitcoin (BTC) whipsawed below $100,000 at about 4 p.m. UTC on June 23 and reclaimed nearly $104,000 three hours later as traders processed news of an Iranian missile strike on a US air base in Qatar that caused no casualties.

As of press time, Bitcoin was trading at $103,801.74, up 4.5% over the past 24 hours after hitting an intraday low of around $99,500.

Iran fired a limited salvo at Al Udeid Air Base after Washington bombed three Iranian nuclear sites two days earlier. US officials said Tehran alerted Washington through back channels, allowing personnel to take cover. 

President Donald Trump confirmed the warning and called the response “very weak,” adding that the measured strike signaled an opening for de-escalation.

The absence of injuries blunted initial market anxiety. Bitcoin’s one-hour candle pierced $100,000 on high volume, then reversed as liquidity providers restored bid depth. By 7 p.m. UTC, the pair traded just below $104,000 on Binance order books, according to TradingView.

Range, leverage, and what to watch

Despite the recent volatility caused by escalating tensions in the Middle East, Bitcoin has shown resilience, trading above the six-figure level for the vast majority of it.

Bitfinex Alpha’s June 23 note called exchange-traded fund (ETF) inflows “remarkably stable,” arguing that spot funds now act as a programmatic floor. 

The report pegged the zone between $94,000 and $95,000 as critical support, and the range between $105,000 and $110,000 as near-term resistance. Until weekly inflows re-accelerate past $1.5 billion or a fresh macro catalyst emerges, analysts expect prices to oscillate inside that corridor.

Derivatives data support the view of contained volatility. Futures open interest stands near $52.8 billion and options near $43.4 billion. Combined interest remains elevated at roughly $96 billion but has retreated from the $114 billion peak after a $14 billion deleveraging flush last week. 

Funding rates now sit in a “healthier zone,” suggesting capital is rotating into longer-horizon positions instead of short-term punts. The report warned that a renewed build-up of crowded leverage could trigger sharp liquidations, yet current metrics imply a firmer base.

ETF flows remain the fulcrum. Steady or rising allocations, especially during US hours when most spot-driven discovery occurs, would favor retests of the $110,000 cap. Conversely, a sustained week of net outflows would mark the first serious sign of rotational risk and could drag BTC back toward the mid-$90,000s, particularly if accompanied by fresh geopolitical stress.

Bitcoin Market Data

At the time of press 10:21 pm UTC on Jun. 23, 2025, Bitcoin is ranked #1 by market cap and the price is up 4.76% over the past 24 hours. Bitcoin has a market capitalization of $2.07 trillion with a 24-hour trading volume of $59.35 billion. Learn more about Bitcoin ›

Crypto Market Summary

At the time of press 10:21 pm UTC on Jun. 23, 2025, the total crypto market is valued at at $3.2 trillion with a 24-hour volume of $133.41 billion. Bitcoin dominance is currently at 64.72%. Learn more about the crypto market ›

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XRP Failed Because Ripple Created RLUSD, Claims BitGo CEO https://earlybirdsinvest.com/xrp-failed-because-ripple-created-rlusd-claims-bitgo-ceo/ https://earlybirdsinvest.com/xrp-failed-because-ripple-created-rlusd-claims-bitgo-ceo/#respond Mon, 23 Jun 2025 08:41:53 +0000 https://earlybirdsinvest.com/xrp-failed-because-ripple-created-rlusd-claims-bitgo-ceo/

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

BitGo chief executive Mike Belshe used his podium at American Banker’s Digital Banking 2025 conference to deliver a blunt verdict on Ripple’s decade-old settlement playbook: the plan to make XRP a universal bridge currency has failed, and Ripple’s newly issued US-dollar stablecoin RLUSD is the proof.

Ripple Made RLUSD Because XRP Isn’t Needed

Speaking in a session on banking access for digital-asset firms, Belshe opened with an appeal for direct Federal Reserve accounts before pivoting to Ripple’s history. “As a stablecoin business, you don’t need it, but do you want a master account? … We’d love a Fed master account, then we get to skip the banks.”

From there he walked the audience back to 2014: “So if you go back in time in digital assets about ten years, there’s this company Ripple… They had originally decided they were going to try to tackle cross-border payments by use of their XRP token.”

Belshe then dissected the two-step conversion model—dollars into XRP, then into pesos—arguing that the extra hop doomed the scheme. “It turns out that’s two conversions, right? And USD stablecoins are just better. So in fact, Ripple just launched a stablecoin, a US-dollar-backed stablecoin.”

Stablecoins, he contended, will become the “rails across the world,” sweeping aside tokens whose only advantage is theoretical bridge liquidity. He painted an everyday retail scenario—phones tapped at farmers’ markets, interest airdropped monthly—and concluded: “It just works. It’s super simple. Peer-to-peer plus peer-to-intermediary.”

While Belshe spoke, RLUSD is quietly growing. Ripple introduced the token last December after securing New York DFS approval; by 2 April it had been integrated into Ripple Payments and had already reached a market capitalization of $244 million. Continued issuance on Ethereum pushed supply higher: on 21 June Ripple minted another 14 million RLUSD, lifting circulation toward $450 million. CoinMarketCap’s real-time dashboard now shows roughly $429 million outstanding, with daily volumes above $84 million.

Ripple rejects the premise that adopting a dollar token concedes defeat for bridge token. In a series of posts and interviews earlier this year, Ripple CTO David Schwartz argued that RLUSD supplies price-stable working capital while the token remains the ledger’s default auto-bridging asset, handling path-finding and liquidity between non-dollar pairs. Community analysts amplified the point on X, contending that RLUSD “broadens the ecosystem” rather than replaces its native coin.

Reactions to Belshe’s talk split sharply. Popular community member Crypto Eri (@sentosumosaba) who shared the video, commented via X: “This is why XRP needs: 1. SPOT ETFs 2. XRPFi 3. XRP Treasury Strategies 4. More Innovators & Builders. USD Stablecoins = LESS Conversations and therefore eating up the payments world.”

One critic mocked the clip as “comedy gold,” saying it confirmed what skeptics have argued all along.” run the juels (@nullpackets) commented: “Thanks for giving your 275K followers a chuckle on a Sunday morning like this. We all need to laugh more. Oh man, this is xrp’er comedy gold. With no sense of self-awareness – unironically posting a video that says what we’ve been saying all along – xrp bridge currency cumbersome and not needed. Tokenization and stablecoins obsolete bridge currencies. Study LINK.”

At press time, XRP traded at $2.02.

XRP price
XRP finds support in the red zone, 1-day chart | Source: XRPUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

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Polkadot's DOT Drops as Much as 5% After Failed Breakout Triggers Selling Wave https://earlybirdsinvest.com/polkadots-dot-drops-as-much-as-5-after-failed-breakout-triggers-selling-wave/ https://earlybirdsinvest.com/polkadots-dot-drops-as-much-as-5-after-failed-breakout-triggers-selling-wave/#respond Wed, 18 Jun 2025 15:56:03 +0000 https://earlybirdsinvest.com/polkadots-dot-drops-as-much-as-5-after-failed-breakout-triggers-selling-wave/

Polkadot

encountered substantial selling pressure, dropping as much as 5% before rebounding and potentially forming a double bottom pattern that points to continued upward movement, according to CoinDesk Research’s technical analysis model.

After initially attempting to establish an uptrend with a peak at $3.787, DOT encountered strong resistance and formed a bearish reversal pattern, according to the model.

In recent trading, DOT was 2.6% lower over 24 hours, trading around $3.63 having found support at $3.59. The broader market gauge, the CoinDesk 20, was down 0.5% at publication time.

The price action shows a potential double bottom pattern forming with improving momentum, suggesting further upside if it maintains support above the $3.62 price level, the model showed.

Technical Analysis:

  • DOT experienced a volatile 24-hour period with a substantial range of 0.193 (5.1%), initially attempting to establish an uptrend with a peak at $3.787 before encountering strong resistance.
  • The price action formed a bearish reversal pattern as DOT failed to hold above the $3.75 level, followed by accelerated selling on high volume during the 10:00 and 13:00 hours when volume spiked to nearly 4 million units — well above the 24-hour average.
  • Support emerged at $3.594, though the current price structure suggests further downside risk as DOT closed near session lows with weakening momentum indicators.
  • In the last hour, DOT experienced significant volatility with a sharp decline from $3.643 to a low of $3.594, followed by a recovery attempt.
  • The price found strong support at the $3.594 level, triggering a V-shaped recovery that pushed DOT up by 1.3% to $3.642.
  • The recent price action forms a potential double bottom pattern with improving momentum, suggesting the possibility of continued upward movement if DOT can maintain support above the $3.62 level.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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Shirtum Scam? Ex-Barça Football Players Linked to Failed NFT Venture https://earlybirdsinvest.com/shirtum-scam-ex-barca-football-players-linked-to-failed-nft-venture/ https://earlybirdsinvest.com/shirtum-scam-ex-barca-football-players-linked-to-failed-nft-venture/#respond Mon, 16 Jun 2025 06:20:43 +0000 https://earlybirdsinvest.com/shirtum-scam-ex-barca-football-players-linked-to-failed-nft-venture/

A judge in Barcelona is reviewing a case involving a failed crypto project that used famous football players to attract investors, according to a June 10 report by El Periodico.

The company behind the scheme, Shirtum Europa SLU, raised around $3.4 million (€3 million) by selling non-fungible tokens (NFTs) linked to player image rights. These NFTs were bought using a token called SHI but were never made usable.

The investigation began after twelve people filed a complaint in early 2025. According to court records, Shirtum used the image and reputation of well-known football players to promote its products.

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Players named in the case include Alberto Moreno, “Papu” Gómez, Ivan Rakitić, Javier Saviola, Nico Pareja, and Lucas Ocampos.

The individuals accused of running the operation are David Rozencwaig, Manel Ángel Torras, Marc Alberto Torras, and Manuel Morillas. Prosecutors said they created a network of companies across Spain and Andorra to avoid taxes and limit legal responsibility.

As part of the evidence, the complaint includes 13 expert reports, including one by economist Prosper Lamothe, who described the company’s internal setup as designed to avoid transparency.

In 2022, Shirtum said it had suffered two major hacks and lost a large amount of crypto. However, there is no record of any official report being made to the police. Investigators believe the money was not stolen, but instead used for personal expenses.

Meanwhile, federal prosecutors in California have announced guilty pleas from five men involved in a $36.9 million cryptocurrency scheme that targeted victims in the United States. How did the case unfold? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.


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Unprune & Redownload failed. The core seeks a "-reindex" Chain state fails https://earlybirdsinvest.com/unprune-reindex-chain-state-fails/ https://earlybirdsinvest.com/unprune-reindex-chain-state-fails/#respond Tue, 03 Jun 2025 20:51:48 +0000 https://earlybirdsinvest.com/unprune-reindex-chain-state-fails/ I was about to go back to an unpruned chain state. I didn’t check the pruned box. Core warned that this would require a re-download of the entire blockchain. I understand, it’s fine. Shutting down the core to restart failed repeatedly. -I don’t know how to use Reindex, so I’ll uninstall the core and assume that all data, files, directory structures, etc. associated with the program will be deleted or deleted. no. I found the following data and structure for my initial installation:
Roaming data folder containing (pruning) blocks

From debug.log:

loadblockindexdb(): block file has been pruned previously

:-You must rebuild the database using Reindex and return to raw mode. This will re-download the entire blockchain. Restart with -Reindex or -Reindex -ChainState to recover.

Don’t overwrite chain states

Error: Open Error Block Database

Shutdown: In progress…

If you uninstall the core again and then delete the folder: Block & Chain StateDoes this force another download? Or should I remove the whole roaming?Bitcoin folder?

thank you

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France ramps up efforts to tackle rising crypto kidnappings after failed attempt goes viral https://earlybirdsinvest.com/france-ramps-up-efforts-to-tackle-rising-crypto-kidnappings-after-failed-attempt-goes-viral/ https://earlybirdsinvest.com/france-ramps-up-efforts-to-tackle-rising-crypto-kidnappings-after-failed-attempt-goes-viral/#respond Sat, 17 May 2025 23:24:46 +0000 https://earlybirdsinvest.com/france-ramps-up-efforts-to-tackle-rising-crypto-kidnappings-after-failed-attempt-goes-viral/

France is deploying new security measures to protect crypto entrepreneurs after a rash of violent kidnapping attempts raised alarm across the country’s tech sector and ignited political pressure on Interior Minister Bruno Retailleau, AP News reported on May 16.

The ministry confirmed that Retailleau met privately with crypto founders to discuss personal safety.

According to the report, the meeting was described as “strictly confidential,” and journalists were asked not to film participants “for reasons of security.”

The government is now offering affected individuals priority emergency support, elite police consultations, and assessments of home security infrastructure.

Retailleau, who is positioning himself as a tough-on-crime candidate for 2027’s presidential race, said in a statement that he is determined to stop these “unbearable” attacks.

Escalating threats

Crypto-linked ransom kidnappings and crime in France have grown more frequent over the past year, with several cases happening in recent months.

According to Eric Larchevêque, co-founder of Ledger, there were 50 known attacks globally targeting individuals in the crypto industry in the past 12 months, 14 of which occurred in France.

Larchevêque, who attended Friday’s meeting, told broadcaster RTL that he felt French authorities “have understood what’s at stake” following the discussions.

The concerns follow a high-profile case in January, when an associate of Larchevêque and his wife were kidnapped for ransom.

More recently, police intervened in a separate case where a hostage, related to a crypto entrepreneur, had a finger severed before officers raided the site. Seven suspects were arrested in that case.

Failed abduction captured on video

The latest incident, captured on video on May 14, involved masked men attempting to shove the daughter of Paymium CEO Pierre Noizat into a van in broad daylight.

The footage showed the woman and her husband struggling with the attackers on the pavement as bystanders shouted for help. A local shopkeeper eventually forced the suspects to flee by throwing a fire extinguisher at their vehicle.

Noizat told reporters that his son-in-law required stitches following the attack and accused judges and politicians of a “lack of action.” He warned that these crimes would increase if the government did not make serious efforts to stop them.

The Interior Ministry’s heightened response is aimed at stemming fears that violent crime could derail France’s digital finance ambitions, which have been a centerpiece of President Emmanuel Macron’s economic strategy.

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