News

Goldman Sachs has disclosed holding approximately $152 million in spot XRP ETF positions, including the Bitwise XRP ETF (about $39.8 million), Franklin XRP Trust (around $38.5 million), Grayscale XRP ETF (about $38 million), and 21Shares XRP ETF (approximately $35.9 million), accounting for roughly 73% of the total holdings among the top 30 institutional investors. Despite Goldman Sachs being the largest institutional investor in this sector, XRP has recently shown weak performance, with bearish flag breakdown patterns emerging on the technical side, suggesting about 50% downside potential. Analysts point out that, against the backdrop of macroeconomic pressure and weakening capital flows, XRP faces significant short-term correction risks.

Gelonghui March 26 | Canadian energy and Bitcoin miner New West Data intends to carry out an IPO in the United States to address the surge in demand for high-performance computing (HPC). The company, headquartered in Calgary, Canada, produces natural gas through oil wells and generates electricity for Bitcoin mining. CEO Sean McDonough stated that going public will help raise funds for expansion, including acquiring more oil wells and power resources, and further developing data computing infrastructure. The related mergers and acquisitions may exceed 100 million US dollars.

On March 26th, Yu Xian, the founder of SlowMist, announced that an exchange has taken down the page that allowed users to input plaintext mnemonic phrases for asset recovery. He stated that the security model for online web pages is inherently very low, significantly lower than extensions or apps. Furthermore, the practice of collecting plaintext mnemonic phrases on online web pages is easily imitated and learned by phishing websites, and has long been a common phishing tactic. Finally, as a well-known wallet provider, such actions that lower the wallet's security model should not exist from the perspective of user responsibility.