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Ripple CTO Weighs In on Co-Founder’s Mysterious Return
Crypto Trends

Ripple CTO Weighs In on Co-Founder’s Mysterious Return

by admin June 23, 2025


David Schwartz, chief technology officer at Ripple, has confirmed that Arthur Britto, the enigmatic co-creator of the XRP Ledger, has actually posted on social media for the first time in almost 14 years. 

As reported by U.Today, Britto sent shockwaves across the cryptocurrency community by posting a mysterious emoji on X (formerly Twitter). 

The fact that the account, which was originally created in August 2011, suddenly posted for the first time prompted some social media users to speculate that Britto could have been hacked. 

However, Schwartz has clarified that there was no security breach, meaning that the Ripple co-founder himself posted the aforementioned emoji. “Unless, of course, I was hacked too. How deep does this conspiracy go?” the Ripple CTO quipped in a social media post on X. 

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Earlier this month, Schwartz confirmed that he was staying in touch with Britto after all these years.

The emoji is believed to be Britto’s first public expression ever. The Ripple co-founder is particularly known for having an extremely private lifestyle (to the point where there is not a single picture of him on social media). There is virtually no available information about him apart from the fact that Britto was a video game designer.  

Following his reemergence on social media, Britto’s account is now steadily approaching 30,000 followers. His emoji, which the XRP community is persistently trying to decipher, has now attracted nearly 800,000 views on X. It remains to be seen whether there will be a follow-up post. 



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June 23, 2025 0 comments
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Ethereum, Solana, Doge traders caught off guard as Musk-Trump split weighs on markets
Crypto Trends

Ethereum, Solana, Doge traders caught off guard as Musk-Trump split weighs on markets

by admin June 6, 2025



Total crypto liquidations hit $972.22 million in 24 hours, with Ethereum, XRP, Dogecoin, and Solana among the most impacted

Long traders were caught off guard in the largest liquidation event since February, following a public split between U.S. President Donald Trump and a former close ally and supporter Elon Musk. On June 6, a wave of liquidations totaling $972.22 million swept the market, according to data from CoinGlass. Over the last 48 hours, nearly $3 billion in long and short positions were liquidated.

24-hour liquidations heat map on June 6 | Source: CoinGlass

Bitcoin and Ethereum led in total liquidation volume over the past 24 hours, accounting for 64% of the total. However, Solana (SOL) and Dogecoin (DOGE) saw the most liquidations relative to their market caps, highlighting a high level of leverage in these assets.

Trump-Musk spat caught long Doge, Solana traders off guard

The liquidation bias over the last 24 hours was overwhelmingly tilted against long positions. Of the total liquidations, $875 million, or 89%, came from longs. These highly leveraged positions were not able to withstand the spike in volatility driven by political developments in the U.S.

The trigger for the sharp liquidation wave was a slump in crypto prices following a public fallout between U.S. President Donald Trump and his former political ally, Elon Musk. Over the last 24 hours, Bitcoin (BTC) touched a low of $100,437, Ethereum (ETH) fell 7% to $2,387, and Solana dropped to $142. Meanwhile, Musk’s favorite crypto, Dogecoin, plunged over 20%, hitting a daily low of $0.1692.

Overall, the liquidation event appears to have stemmed from excessive long positioning amid a highly volatile market. Specifically, aggressive leveraged bets on Solana and Dogecoin, combined with stop-loss triggers during the slump, were enough to fuel the cascade of liquidations.

Despite the outsized liquidations, Solana has shown relative resilience—even outperforming Ethereum on some metrics. Dogecoin, however, remains heavily tied to Musk’s influence. With Musk now falling out of favor politically, DOGE is likely to face increased volatility in the near term.



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June 6, 2025 0 comments
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