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XRP ETF inflows surged 63% in a day amid signs of sentiment overheating, according to SoSoValue. The move comes as capital outflows from BTC and ETH funds contrast with anomalous strength in the XRP ETF sector.
Net daily inflows into XRP ETFs increased 63% to $3.59 million, SoSoValue data shows. The largest contribution came from Bitwise (XRP) and Franklin Templeton (XRPZ). Total assets under management remained above $1.04 billion.
Analysts describe a split between institutional buying and retail euphoria: institutions are effectively buying at about $1.35–$1.40, while retail participants appear to be chasing at the peak of emotion.
Santiment points to XRP’s integration with Rakuten Pay as a key fundamental driver. As of April 30, XRP is no longer only a digital asset for users in Japan; it is used as a means of payment across 5 million retail locations.
Despite the ETF inflow momentum, social sentiment data suggests caution. Santiment reports that on April 29, the social sentiment index broke above the upper boundary of the critical range, a pattern that historically precedes local tops.
A similar setup occurred on March 19, when a peak in optimism was followed by sharp cooling. The indicator is now in a zone where professional players typically prefer to take profits against emotional buyers.
Even with millions in ETF inflows, XRP remains capped under resistance at $1.45, a level associated with supply from earlier spring entrants seeking to exit near breakeven or a small profit amid Rakuten-driven news.
Support at $1.28 is described as a key threshold for whether the current FOMO-driven move can act as a launchpad toward $1.50 or instead trigger a deeper correction.
Separately, DeFi security incidents continued. Wasabi Protocol reported losses of more than $5.5 million after a compromise of the deployer wallet.
Blockaid and CertiK said the attack vector was not a code flaw but the use of standard protocol functions against themselves. The attacker gained control of the deployer’s EOA address and granted admin rights to a helper contract. Using the standard UUPS upgrade mechanism, the attacker updated vault logic to a malicious version, and the system treated the theft as a legitimate upgrade from the owner.
The incident affected Wasabi across four networks: Ethereum, Base, Blast, and Berachain. Total losses reached $5.5 million. CertiK identified a chain of addresses, including “0x6244...f906,” where around $2.2 million had been accumulated, with remaining funds continuing to be split.
Wasabi said it was aware of an issue and investigating, urging users not to interact with Wasabi contracts until further notice. The team confirmed the issue and stated that more information would follow.
The article also highlighted a divergence in Bitcoin between fund flows and technical structure. While headlines focus on outflows, TradingView’s BTC chart suggests consolidation ahead of a potential trend change.
SoSoValue data showed net outflows of $137.77 million for BTC ETFs and $87.73 million for ETH ETFs over the past trading day. The piece attributes the pressure to profit-taking by short-term holders amid hawkish Federal Reserve rhetoric and interest rates held at 3.50–3.75%.
It characterizes the selling as a structured reduction of positions by major players such as BlackRock and Fidelity, creating localized pressure rather than broad panic.
Bollinger Bands on the weekly chart indicate BTC is positioned near the middle band, represented by the 20-week moving average, and is holding it as support. The scenario described is that if the week closes above $76,500, trading could favor the upper Bollinger range with a ceiling at $95,500.
The article cautions that BTC currently sits at the midpoint and dips below it during the day, so strong stability at $76,500 would be premature without a weekly close.
Looking ahead, the coming week is framed around seasonal May dynamics and the reaction to US unemployment data, with the possibility that signs of labor-market cooling could offset the Fed’s tone and support an impulsive breakout from an accumulation range.
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