Bluefin PriceBLUE

$BLUE moron dev liquidating innocents, they mffkkrrss are thieves , notbuyback and burn

$BLUE i don't know , BTC is pumping all, token pumping but this shit is going down, asshole developers please be serious mffkkrrss

$BLUE mffkkrrss moron Developers please don't short assholes mffkkrrss developers please buy and hold

In a groundbreaking move that could reshape how states engage with cryptocurrency, the Texas House has officially passed the Strategic Bitcoin Reserve Bill (SB21). This legislation allows Texas to allocate part of its rainy day funds to purchase Bitcoin, positioning the state as a pioneer in embracing digital assets as part of its financial strategy. 💰💻 What Does This Mean? 🤔 The bill empowers Texas to invest up to $23.7 billion of its rainy day funds into Bitcoin, assuming the current Bitcoin price of approximately $109,219 per $BTC This translates to a potential purchase of 217,654 Bitcoins 🪙—marking one of the largest institutional endorsements of crypto by any state or governmental entity. 📊 Why Bitcoin? 🔥 Bitcoin’s fixed supply and increasing institutional adoption have made it a popular hedge against inflation and currency devaluation. By holding Bitcoin as part of its reserves, Texas could diversify away from traditional assets such as bonds and cash, potentially increasing the state's financial resilience in volatile markets. 📉➡️📈 Context Among Other States 🌎 From the map, Texas joins a growing number of states engaging with the Strategic Bitcoin Reserve Bill or considering similar measures: Passed States (Green) ✅: Only two states, including Texas (and Arizona) have passed this bill so far. Considering (Orange) ⚠️: New Mexico is considering similar legislation. Pending (Blue) ⏳: A significant 18 states currently have bills pending, indicating growing legislative interest. Rejected (Red) ❌: Five states have rejected such proposals, reflecting ongoing debates over crypto risks. Potential Impact ⚡ If Texas proceeds with purchasing Bitcoin under SB21: It could serve as a model for other states seeking innovative treasury management. 🏦 It might catalyze further institutional adoption and acceptance of Bitcoin. 📈 It could expose Texas to both the upside potential and volatility risks inherent in cryptocurrencies. ⚠️ Strategic Implications 🧠 Texas’ move symbolizes a shift in traditional financial management, with government entities starting to view crypto as a legitimate asset class. By leveraging Bitcoin’s characteristics, Texas may be aiming to future-proof its finances amid economic uncertainty and inflationary pressures. 🌪️🛡️ Summary 📝 Texas House passed SB21 — Strategic Bitcoin Reserve Bill. 🎉 Potential purchase: 217,654 BTC using rainy day funds. 💵🪙 BTC price assumed: $109,219. 💲 Texas joins Arizona as the only states with passed bills. 🤝 Growing interest in similar legislation nationwide, with 18 states pending. 🔥 5 states have rejected the bill so far. 🚫 Texas’ move marks a pioneering step toward crypto sovereignty at the state government level. 🏛️ What’s Next? 🔮 The bill will now move to further legislative approval stages before implementation. Market watchers and crypto advocates are closely monitoring Texas, as its decision could signal a new wave of public sector crypto adoption, influencing financial policies across the US. 🇺🇸💥

XRP rally to $3 at risk as network activity and whale holdings drop : XRP's drop from recent highs of $2.65 on May 12 tests the 50-day EMA support as downside risks emerge. XRP faces declining network activity amid subdued daily active addresses. Large volume holders with between 100,000 and 1 million coins cut back on their holdings as the uptrend falters. Strong crypto market sentiment could keep XRP above its 50-day EMA support, boosting the chances of returning to $3.00. Ripple’s (XRP) price faces growing downside risks, trading $2.33 on Wednesday amid suppressed price action in the last three days. The broad sideways trading reflects range consolidation in the broader cryptocurrency market, even as Bitcoin (BTC) closes in on all-time highs. A closer look at the XRP Ledger reveals that network activity has remained suppressed, significantly below the levels seen in the first quarter. XRP faces declining interest as network activity remains muted As the XRP price broadly consolidates above the short-term support at $2.28, attention is shifting to the XRP Ledger, which, according to Santiment, faces declining network activity. The Daily Active Addresses metric in the chart below shows the number of newly created addresses on the protocol at approximately 33,400, representing a 95% drop from the first quarter peak of roughly 612,000. This sharp decline coincided with the drop in the price of XRP from its first-quarter peak of $3.40 to $1.61 amid the tariff-triggered crash on April 7. While the price recovered, reaching $2.65 on May 12 before sliding to the current market rate of $2.33, engagement remains low based on the diminished number of unique addresses joining the network. A persistent drop in the addresses joining the XRP Ledger translates to reduced engagement and low demand for the XRP token, stifling potential price increase. Coincidentally, some cohorts of large volume holders, often referred to as whales, continue to offload their holdings, as illustrated by the Supply Distribution metric in the chart below. Users with between 100,000 and 1 million coins have been shaving their holdings since the fourth quarter. This whale cohort currently accounts for 10.32% of the total supply, down from 10.76% on March 1 and 11% on November 1. As the chart below shows, this group of investors started selling aggressively as XRP's price exploded in the fourth quarter and continued to do so in the first quarter, plausibly taking profits. If this aggressive profit-taking continues, it could be difficult for bulls to sustain the uptrend, targeting a return above $3.00 in the mid-term. Moreover, the XRP futures Open Interest (RSI) has fallen to $4.59 billion from its peak of $5.52 billion on May 14. OI refers to the total number of active derivatives contracts, such as futures or options, that are yet to be settled. The subsequent decrease in the trading volume to approximately $4.43 billion points to declining trader interest in XRP. Falling OI and declining volume and price signal shifting sentiment and bearish momentum as market participation fades. Looking ahead: Could XRP break the uptrend and accelerate losses? XRP's price hovers above the 50-day Exponential Moving Average (EMA) support around $2.28, while bulls struggle to sustain the higher low pattern established since the recovery from the April 7 low at $1.61. Technical indicators like the Moving Average Convergence Divergence (MACD) affirm the growing bearish grip following the rejection from May's peak of $2.65. A sell signal has been validated with the MACD line (blue) crossing below the signal line (red). If bulls fail to regain control, the expanding red histogram bars could encourage traders to sell XRP, boosting bearish momentum. The Relative Strength Index (RSI) indicator's downward trend at 52 shows that bears are getting stronger. Further movement below the 50 midline would reinforce the sellers' influence on the token's price. Meanwhile, the 50-day EMA at around $2.28 and the dotted ascending trendline offer initial support. Should declines intensify, traders could shift attention to lower support areas such as the 200-day EMA at $2.05 and the lowest point in April at $1.61. $XRP