• Hayden Adams, the founder of Uniswap, criticized people who want to see the crypto world shut down.
• Opposers of technology are infringing on people’s rights, and Adams recommends that they simply let people do what they want.
• Warren Buffet and economist Nouriel Roubini have been vocal about their negative stance on crypto and blockchain technology.

Hayden Adams, the founder of Uniswap, has recently expressed his opinion on those who wish to have crypto shut down. In a tweet, Adams criticized those who want to see the crypto world shut down, stating that they were “incredibly cringe” and that no one was trying to shut down the “dumb fiat system”. Adams also noted that no one was forcing anybody to use crypto, buy coins, or to keep up with the latest events in the industry; instead he recommended that opposers of technology simply let people do what they want and “chill”.

The sentiment of those against crypto or blockchain technology is nothing new, as many prominent figures have been vocal about their negative stance on these technologies. Billionaire Warren Buffet and economist Nouriel Roubini, nicknamed Dr. Doom, have been particularly outspoken against the industry. In the aftermath of the FTX collapse, Roubini stated that Binance’s CEO, Changpeng Zhao, was a “ticking time bomb” and expressed his surprise that Binance had not yet been shut down.

Despite the harsh criticism from the nocoiners, individuals who are against crypto, hold no coin, or show no desire to participate, the industry has continued to grow exponentially. As more and more people become aware of the potential of crypto and blockchain technology, it is likely that we will continue to see more users and more investment in the industry. For now, it seems that Adams’s sentiment of simply letting people do what they want is being echoed by the majority of the crypto community.

• XRP has seen a resurgence in value over the past 7 days, rising approximately 10%
• An increase in active addresses has been noted, with over 107K added in the past week
• Whales have been engaging massively in transactions, with 193 million XRP worth almost $70 million being moved in the past 24 hours

The crypto market is still feeling the effects of the crypto winter, with many crypto assets struggling to stay afloat. However, the new year has brought a positive turn for some tokens, with XRP being one of them. Over the past seven days, the price of XRP has risen by approximately 10%, according to data from Coincodex.

This increase in value is largely due to an increase in active addresses, with Santiment reporting that there were 41K active addresses on January 8th, but that number has risen to over 148K in the past week. This represents a rise of over 200%, showing that XRP is being used more than ever.

This growth in active addresses is being mirrored in whale activity as well. WhaleAlert reported that in the past 24 hours, whales have moved 193 million XRP worth almost $70 million cumulatively. This shows that XRP is increasingly being used by large investors, which could be a sign of the token’s increasing value.

Overall, it seems that the crypto winter is finally coming to an end for XRP, as the token has seen a resurgence in value over the past week. This resurgence is being driven by both large and small investors alike, with active addresses increasing and whales engaging more and more in transactions. As the crypto market continues to rebound, it will be interesting to see if XRP can continue its upward trajectory.

• Ripple is currently in a court battle with the U.S. Securities and Exchange Commission (SEC) over whether XRP should be classified as a security or not.
• Ripple’s CEO Brad Garlinghouse is cautiously optimistic that 2023 will bring regulatory clarity for crypto in the US.
• Despite bearish developments, XRP is currently trading sideways, down 0.5% in the last seven days.

Ripple is currently facing a difficult battle with the U.S. Securities and Exchange Commission (SEC) over whether XRP should be classified as a security or not. This has caused XRP to trade sideways, a movement not altered since FTX’s collapse. Adding to the downward pressure is the significant whale activity on the market as whales have been moving hundreds of millions worth of XRP to the open market with the biggest transfer worth $92 million.

Despite this bearish developments, Ripple’s CEO, Brad Garlinghouse, remains cautiously optimistic that 2023 will bring regulatory clarity for crypto in the US. Garlinghouse recently tweeted about his optimism, saying that he is cautiously optimistic that 2023 is the year we will (finally!) see a breakthrough.

Despite this bearish pressure, XRP is currently trading sideways, down 0.5% in the last seven days. XRP is currently trading at $0.3435, data by Coingecko shows. This could be largely attributed to the SEC’s failure to satisfy the three elements of the Howey Test which determines whether the asset is a security or not.

The current court battle between Ripple and the SEC is significant for the entire crypto industry as the outcome of this case could define the future of cryptocurrencies. The SEC’s decision could have a wide-ranging impact on the crypto market as it could set a precedent for how digital assets are regulated in the future.

Despite the current uncertainties and bearish pressure, Ripple’s CEO remains optimistic that 2023 will bring regulatory clarity for crypto in the US. This could potentially be a major win not just for Ripple but for the entire crypto industry. It will be interesting to see how this court battle plays out and what the future holds for the markets.

• Grayscale announced a portfolio rebalancing for the fourth quarter of 2022, selling off a portion of its Digital Large Cap Fund, including Avalanche Network token AVAX.
• The rebalancing saw Grayscale purchase existing fund components in proportion to their respective weightings.
• Grayscale’s portfolio fund now includes 65% Bitcoin (BTC), 30% Ethereum (ETH), 1.86% Cardano (ADA), 1.39% Polygon (MATIC), and 1% Solana (SOL).

Grayscale recently released its quarterly update, announcing a portfolio rebalancing for the fourth quarter of 2022. As part of the rebalancing, Grayscale sold off a portion of its Digital Large Cap Fund, including Avalanche Network token AVAX. This has caused AVAX to slip by 2% in the past 24 hours.

The rebalancing saw Grayscale purchase existing fund components in proportion to their respective weightings. This included the CoinDesk Large Cap Select Index which tracks the market capitalization-loaded performance of “the largest and most liquid digital assets by market capitalization.” In its CoinDesk Smart Contract Platform Select Ex ETH Index and Grayscale Smart Contract Platform Ex-Ethereum Fund portfolio rebalancing, the company sold off Algorand native token ALGO.

In its CoinDesk DeFi Select Index methodology, Grayscale adjusted its DeFi Fund’s portfolio and purchased Synthetix (SNX) after selling some existing assets. As of now, Grayscale’s portfolio fund now includes 65% Bitcoin (BTC), 30% Ethereum (ETH), 1.86% Cardano (ADA), 1.39% Polygon (MATIC), and 1% Solana (SOL). Meanwhile, its DeFi Fund’s Fund Components include 65.05% Uniswap (UNI), 12.39% Aave (AAVE), 8.15% MakerDAO (MKR), 6.02% Synthetix (SNX), 4.58% Curve DAO Token (CRV), and 3.81% Compound (COMP).

Since July, Grayscale has been carefully monitoring the CoinDesk Large Cap Select Index. The index launched in April tracks the market capitalization-loaded performance of “the largest and most liquid digital assets by market capitalization.” Grayscale’s recent rebalancing is seen as a positive sign for the digital asset space, as it indicates the company’s commitment to diversifying its portfolio. The rebalancing also highlights Grayscale’s willingness to invest in high-quality digital assets, even if they are not part of the index.