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Epstein files spark crypto connection, Ripple dismisses link

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Epstein files spark crypto connection, Ripple dismisses link

The Justice Department on Friday released additional documents from the Jeffrey Epstein files, and Ripple executives stress there is no evidence linking the sex offender to XRP, Stellar, or their development.

Summary

  • Epstein files show indirect proximity to early crypto circles, not control or development
  • Ripple leadership denies any Epstein links to XRP or Stellar
  • Speculation highlights how context gaps can fuel misinformation in crypto markets

The release of new court documents tied to the sex offender once again sparked intense discussion across the cryptocurrency industry. As analysts, commentators, and journalists sift through the so-called “Epstein files,” attention has turned to whether any meaningful links exist between Epstein and major companies, including blockchain projects.

In recent days, speculation has centered on Bitcoin’s early institutional environment and tangential mentions of other networks such as Ripple (XRP) and Stellar (XLM). While Epstein’s name appears in historical correspondence tied to academic and financial circles that overlapped with early crypto research, industry figures have moved quickly to separate documented facts from online conjecture.

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Nowhere has this been clearer than in Ripple’s response, which categorically denies any connection between Epstein and its ecosystem.

Key discussion points

  • Does Epstein’s proximity equal involvement? Documents show social and academic overlap with early Bitcoin circles, not protocol control.
  • What are Ripple’s executives saying? The company insists there is no evidence of Epstein influencing Ripple, XRP, or Stellar, and that references in emails are being misinterpreted as proof of operational ties.

What the Epstein files reveal about crypto

The Justice Department (DOJ), alongside the FBI, released a memo last year indicating that Epstein, while in prison awaiting sex trafficking charges, died by suicide in 2019.

In the years since his death, the debate over unsealed legal records and whether they would provide greater transparency into Epstein’s relationships with influential figures across finance, academia, and technology remains ongoing. These records include references to institutions and individuals who also played roles in the early research and funding landscape surrounding Bitcoin.

Epstein’s name has been associated with academic initiatives focused on digital currencies, particularly those linked to research environments exploring blockchain technology in its formative years. This proximity has fueled theories suggesting deeper involvement in crypto’s origins.

So far, the documents themselves largely show Epstein as a peripheral figure, present in funding discussions or copied into correspondence, rather than as a decision-maker or technical contributor.

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Importantly, none of the released material identifies Epstein as controlling Bitcoin’s code, governance, or foundational design. The pseudonymous nature of Bitcoin’s creator, Satoshi Nakamoto, has historically invited speculation, but the Epstein files do not offer evidence supporting claims that Epstein played a role in the creation or management of the network.

Ripple pushes back on XRP speculation

As speculation broadened, Ripple became an unexpected focal point. Online narratives sought to link Epstein to Ripple and its associated assets by citing indirect references in historical communications. These claims prompted a public response from David Schwartz, Ripple’s Chief Technology Officer.

Schwartz stated unequivocally that there is no relationship between Epstein and Ripple, XRP, or Stellar. He emphasized that there is no evidence that Epstein met with Ripple leadership, funded the project, or influenced its technological development.

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According to Schwartz, the appearance of Epstein’s name alongside references to competing blockchain networks reflects nothing more than broad conversations occurring in elite financial and academic circles at the time.

How speculation gains momentum in crypto

The cryptocurrency industry has long been fertile ground for conspiracy theories and alternative origin stories. Anonymous founders, opaque early funding, and rapid innovation cycles create an environment where uncertainty can thrive.

When high-profile names like Epstein surface in historical documents, they naturally attract attention, even when evidence of involvement is thin or nonexistent. Saylor’s Epstein files mention sparked noise, but MSTR still trades as a high-beta Bitcoin proxy rather than a reputational risk play, underscoring how speculation often outweighs substance in crypto narratives.

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Market and industry implications

While the Epstein files have not produced evidence of wrongdoing within crypto projects, they have influenced sentiment. For investors, uncertainty and rumor can affect short-term market psychology, even if fundamentals remain unchanged. XRP and Stellar communities, in particular, have been quick to seek clarity amid claims that could impact perception.

From an industry standpoint, the episode highlights the growing importance of transparency and clear communication. As crypto matures and intersects more deeply with traditional finance, historical scrutiny is likely to increase. Executives and developers may face more frequent demands to address legacy questions, even when those questions stem from tenuous associations rather than documented actions.

What to expect in the coming discussion

Looking ahead, discussion of the Epstein files is likely to continue, especially as commentators seek broader narratives linking influential figures to the early days of cryptocurrency. However, based on available information, there is no substantiated evidence tying Epstein to the creation, funding, or control of major blockchain networks such as Ripple or XRP.

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Is Hyperliquid Losing Ground? On-Chain Data Highlights Rising HFDX Adoption

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Some parts of the crypto world think Hyperliquid might be slowing down. That talk comes as new numbers show traders and capital flow shifting toward new DeFi projects like HFDX. On-chain data shows trading patterns and volume trends that hint at real changes in where users spend their time and capital.

Meanwhile crypto prices, news, and expert views shape how people see these projects today. In this piece, we look at Hyperliquid’s recent situation and then contrast it with what HFDX is doing. The goal is to give you a clear snapshot of the current state of play.

Hyperliquid: On-Chain Data, Price Moves and What Experts Say

Hyperliquid’s native token HYPE has had a mixed run lately. Some reports show that HYPE had strong periods of trading and network activity in 2025. At times, its prices climbed after large on-chain liquidity and network upgrades that lowered fees and drew traders to its perpetual markets. On-chain figures show huge trading volumes and growing open interest, which helped push HYPE toward past price highs.

But recent market chatter suggests pressure on the token. Some news points to price slides or sideways trading around current levels, even though earlier in late 2025 it rallied thanks to on-chain liquidity innovations.

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Analysts and price prediction models still talk about potential upside for HYPE into future years. Some long-term price outlooks suggest that if adoption and volume remain strong, HYPE could trade significantly higher in the medium term.

Still, not all views are upbeat. Some experts say the market overall remains weak, and the hype around early growth may fade as users look for fresh opportunities. The idea that Hyperliquid is losing ground is tied to how traders react to alternatives and look for new ways to manage capital and risk.

HFDX: On-Chain Futures and Structured Yield Momentum

HFDX is a newer protocol that offers non-custodial perpetual futures trading along with structured yield frameworks based on real protocol revenue. It targets active traders and investors who want precise tools without giving up control of their assets. HFDX runs entirely on-chain, and all actions, whether trades or liquidity participation, happen in smart contracts.

On-chain data shows some traders migrating from legacy decentralized exchanges to HFDX because of its risk-managed liquidity strategies and transparent fee structure. Reports that Bitcoin perpetual traders have been splitting volume between Hyperliquid and HFDX point to a real shift in user priorities. HFDX’s structured approach draws those who want returns tied to actual trading revenue and borrowing fees rather than just speculation.

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HFDX’s technical design mixes deep liquidity with risk controls that appeal to DeFi-native users. The liquidity loan note (LLN) strategies let participants put capital into protocol liquidity and receive fixed rates that reflect real activity. This model may attract users seeking a different balance of risk and return.

What HFDX offers:

  • On-chain perpetual futures with full user custody
  • Trades that clear against shared liquidity pools
  • Pricing based on decentralized oracle feeds
  • Liquidity Loan Note strategies with fixed terms
  • Yield tied to trading fees and borrow costs
  • Smart contracts that manage risk rules on-chain

Experts Note A Shifting Landscape

In the short term, Hyperliquid still holds significant on-chain volume and active user counts. Its upgrades and network features helped it achieve strong adoption in earlier phases, and experts continue to discuss its price prospects. Still, recent market signals and trader behavior hints that some of its user base is looking elsewhere.

HFDX’s rise does not mean Hyperliquid is done. It just shows the market is evolving. Traders now split capital, test new products, and choose platforms based on what fits their goals. HFDX’s structured yield options and transparent execution are part of that shift. The next few months will be critical for both protocols as price trends, on-chain metrics, and user choices play out in real time.

Make Your Money Work Smarter And Unlock A Wealth Of Opportunities With HFDX Today!

Website: https://hfdx.xyz/ 

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X: https://x.com/HfdxProtocol 


Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

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Pudgy Penguins, Known For NFT Toys, Dives Deeper Into Soccer

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Pudgy Penguins, a globally recognized non-fungible token brand known for creating NFT-inspired toys, has expanded into soccer through significant NFT partnerships with two leading football clubs. Pudgy Penguins NFT team, which partnered with Spain’s soccer club CD Castellón last year, has now partnered with England’s Premier League soccer club Manchester City. In this article, we shall explore this expansion journey further.

Pudgy Penguins’ Journey From Toys To Soccer

Over the weekend, the Pudgy Penguins team, via its official X account, confirmed that it has dived deeper into the world of soccer. Launched in July 2021, the Pudgy Penguins is a digital asset incubation studio known for creating Pudgy Penguins, a globally recognized non-fungible token collection featuring a fixed set of 8,888 unique digital penguin characters on the Ethereum blockchain network.

Pudgy Penguins is also the brainchild behind Lil Pudgy, a non-fungible token series that features a fixed supply of 22,222 smaller NFTs hosted on the Ethereum blockchain network, Pudgy Rod, a companion collection of fishing rod NFTs that were airdropped to original holders in 2021 and are now used as multipliers in the ecosystem and soulbound tokens, a non-transferable tokens such as ‘Opensea x Penguins SBTs’ launched to recognize community engagement, loyalty, and licensing participation.

Pudgy Penguins entered the physical retail space in May 2023 with the release of its first line of toys. Initially launched online through Amazon, the collection sold over 20,000 units in its first 48 hours and generated more than $500,000 USD in sales. This was clear evidence of a strong demand beyond the NFT community. Later that year, the toys were stocked in more than 2,000 Walmart stores across the U.S., and within 12 months of launching, over 1 million plushies had been sold worldwide. These plushies are now available in the United States, Europe, Asia, and Hong Kong.

Pudgy Penguins Dives Deeper Into Soccer

Pudgy Penguins NFT team partnered with the Spanish soccer club CD Castellón in January 2025 to feature their characters on the team’s official jerseys and shorts. As part of the collaboration, an open edition NFT was released, and some holders of that NFT were eligible to be featured in some way related to the partnership. Pudgy Penguins and Lil Pudgys characters appeared directly on CD Castellón’s jerseys.

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In the latest news, the Pudgy Penguins NFT team has announced a “landmark partnership” with English Premier League champions Manchester City to launch a premium co-branded NFT line targeted at an adult audience. This move is considered one of the highest-profile crossovers between a web3-native brand and a global sports giant, aimed at bringing the Pudgy Penguins intellectual property to a massive, mainstream audience. The merchandise drop was scheduled for January 17, 2026.

These ventures are part of the Pudgy Penguins’ broader strategy to evolve beyond their digital origins and toy lines into a mainstream, global intellectual property (IP) through real-world utility and high-profile brand building, bridging the gap between digital assets and traditional markets. This integration will provide tangible ways for NFT holders to feel part of the brand’s journey, reinforcing holder identity and community.

Related NFT News:

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XRP Risks Another 23% Drop as Price Slides Below $1.60

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XRP Risks Another 23% Drop as Price Slides Below $1.60

XRP (XRP) price dropped below $1.50 over the weekend, its lowest level in over 14 months. Now, a bearish technical setup on the charts suggests that the downtrend may extend throughout February.

Key takeaways:

  • XRP’s bear pennant on the four-hour chart targets $1.22.

  • XRP futures open interest dropped to $2.61 billion, which gives some hope for the bulls.

XRP/USD daily chart. Source: Cointelegraph/TradingView

XRP price chart shows a textbook bear pennant

On Saturday, XRP price fell about 14% from a high of $1.75 to a low of $1.50, losing the $1.60 support level for the first time since November 2024. 

The latest drop has put it into the breakdown phase of its bear pennant setup, as shown on the four-hour chart below.

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Related: Price predictions 1/30: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, BCH, HYPE, XMR

XRP dropped below the pennant’s lower trendline on Tuesday, then rebounded to retest it as support. The price is likely to drop lower if the retest fails and a four-hour candlestick closes below this level at $1.58.

The measured target of the bear pennant, calculated by adding the height of the initial drop to the breakout point, is $1.22, representing a 23% drop from the current price.

XRP/USD four-hour chart. Source: Cointelegraph/TradingView

XRP’s recovery to $2.40 in January turned out to be a “fakeout” as the price continued to form “price formed a fresh lower lows,” pseudonymous analyst AltCryptoGems said in a recent post on X, adding:

“The downtrend remains intact and we are on the verge of a disastrous collapse in a huge no-support zone.”

XRP/USD daily chart. Source: AltCryptoGems

Trader and investor Alex Clay said that after breaching the support line of a double bottom pattern at $1.60, the path is now cleared for a drop toward $1 or lower.

Cryptocurrencies, XRP, Markets, Price Analysis, Market Analysis, Altcoin Watch
Source: X/Alex Clay

As Cointelegraph reported, XRP’s next major support level is near its aggregated realized price at $1.48. If this level is lost, it would put the average holder underwater, a setup that closely matches the 2022 bear phase that ultimately ended in a 50% drawdown toward $0.30.

XRP buyers step back

The 90-day Spot Taker Cumulative Volume Delta (CVD), a metric that tracks whether market orders are driven by buyers or sellers, reveals that buy-orders (taker buy) have been declining sharply since early January.

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While demand-side pressure has dominated the order book since November 2025, buy orders have dropped sharply over the last 30 days, according to CryptoQuant.

This indicates waning enthusiasm or exhaustion among XRP investors, signaling reduced bullish momentum and increasing downside risk for the price. 

Previous sharp drops in spot CVD have been accompanied by 28%-50% price drawdowns within weeks.

XRP spot taker CVD. Source: CryptoQuant

However, in the current downtrend, one hope for the bulls is the declining XRP futures open interest (OI). It has dropped sharply to $2.61 billion on Wednesday, from $4.55 billion on Jan. 6. 

When OI declines in combination with falling prices, it indicates a weakening bearish trend or a potential trend reversal.

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This could provide some fuel for the bulls to test the important overhead resistance at around $1.85, a level that served as support throughout most of 2025.

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XRP Open Interest. Source: CoinGlass