In this week’s video from Cryptonic Events, host covers significant developments in the cryptocurrency market. A major allegation emerged from Linda Jones, an XRP community member and best-selling author, claiming collusion among the U.S. Federal Reserve, J.P. Morgan, and Ethereum aimed at undermining XRP. Jones contends that key figures from the crypto sector were allegedly placed in Ripple by the Federal Reserve and China, with the goal of promoting regulations that favor Ethereum while painting XRP as centralized. She also suggested that J.P. Morgan, despite Warren Buffett’s public denouncement of Bitcoin, has been secretly developing its digital asset, Onyx, to compete with XRP.
Additionally, the video highlights the volatility in the market, with Bitcoin experiencing a price surge to $31,000 that resulted in over $90 million in losses from short sellers in just 24 hours. The influx of institutional interest surrounding Bitcoin has led to numerous ETF applications. Renewed market activity indicates an increase in Bitcoin’s monthly transfer volume, signifying stronger fundamentals. The video concludes with a disclaimer about investment risks and encourages viewer engagement through comments and subscriptions.