thecryptobasic

XRP Ledger wallet Xaman has defended its key generation system amid flaws in Coldcard’s random number generation (RNG) system that caused about $38 million in losses. Xaman founder Wietse Wind said the incident shows that labeling a wallet as “hardware” does not automatically make it secure.

A new review of blockchain data has revealed a link between the Shiba Inu deployer and the wallet that later launched the Shibinhood (WOOF) token on Robinhood Chain. The on-chain records show two separate transaction paths that both end at the same wallet, which some market commentators have used to discuss the possible relationship between the two projects.

Black Swan Capitalist co-founder Vandell Aljarrah has argued that Bitcoin maximalists could shift from BTC to XRP. He believes this shift could happen if XRP begins an explosive bull run and reaches new highs.

Crypto analyst Javon Marks believes Cardano may be following the same market structure that preceded its explosive 2020–2021 bull run. In a recent analysis, Marks argued that ADA is displaying a strikingly similar sequence of price movements, raising the possibility that the token is preparing for another major rally toward its previous all-time highs.

XRP could be in for a volatile August with promising upside, according to crypto analyst Jay Nisbett. He believes the token is more likely to move higher than lower this month.