Ripple’s Schwartz shuts down XRP gag order rumors
David Schwartz, the former Chief Technology Officer of Ripple, has stated that claims of a post-employment agreement preventing him from speaking honestly about the company and the XRP cryptocurrency are false.
David Schwartz, former Chief Technology Officer of Ripple, has responded to claims that he’s being forced to mislead people about the company and the XRP token due to a confidentiality agreement he signed after leaving his position.
The criticism arose after someone in the community claimed the Ripple executive was intentionally taking a contrarian position on XRP.
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Schwartz recently dismissed the overly optimistic predictions made by some social media personalities who believe XRP will reach $10,000.
Schwartz has argued that the current market data simply does not support that level of conviction.
Why this weekly close is the bullish green light to $95,600 BTC
Bitcoin is on track to end the week with strong gains, potentially closing above $76,589. This positive movement, fueled by over $629 million flowing into Bitcoin ETFs, is reversing recent price drops and technical indicators suggest it could climb towards $95,600.
The Bitcoin market has definitively moved past debate about its direction. Although sellers attempted to lower the price earlier in the week due to money leaving investment funds, the period from May 1-3, 2026 ultimately proved unfavorable for those betting against it, creating a ‘trap’ from both a technical and fundamental perspective.
The chart currently shows a weekly candle with a long lower shadow, and it’s closing just above the middle band of the Bollinger indicator at $76,589, according to TradingView.
The price didn’t just move above this level; it briefly fell back, checked for buying interest below the midpoint, and then rebounded. This price movement, with a long lower shadow, suggests a strong buyer stepped in – while many traders waited, larger investors took advantage of the temporary drop to buy more.
Shiba Inu burn rate surges 812%
Shiba Inu’s network is showing renewed activity, with a significant jump in the number of tokens being burned – an increase of 812% after several days of little change.
Shiba Inu saw a large jump in the number of tokens being burned yesterday, coinciding with more activity on the Shiba Inu network.
Network activity is increasing as more people show interest in this popular meme token, likely due to its significant price increase over the past month.
According to data from Shibburn, a blockchain tracking platform, over 12 million SHIB tokens (specifically 12,066,401) were permanently removed from circulation in the last 24 hours, ending on May 2nd.
This action permanently reduced the number of Shiba Inu tokens in use. As a result, the rate at which these tokens are being destroyed (burned) has dramatically increased – it’s up by 812% in just the last 24 hours.
Based on SHIB’s price at the time, around $72 worth of SHIB tokens were destroyed during this period.
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2026-05-05 01:03