Jed McCaleb’s XRP bag is almost gone, Ethereum’s difficulty bomb delayed and other news

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A week in review: June 26–May 2

We've selected the hottest materials of the past week for you to stay up to date with the latest crypto news:

#1. After 8 years dumping billions of XRP, Jed McCaleb's stack runs out in weeks

Ripple Labs co-founder and former chief technology officer Jed McCaleb is nearing the end of his eight-year-long XRP dumpathon. The former Ripple exec has been gradually shedding his stash of 9 billion XRP since his departure in 2014. As of June 30, McCaleb only had 81.53 million XRP worth $26.55 million remaining, much to the delight of die-hard Ripple supporters.
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#2. Ethereum fork a success as Sepolia testnet gears up to trial the Merge

On Thursday morning, the Gray Glacier hard fork designed to delay the difficulty bomb successfully went live on Ethereum. The hard fork will delay the difficulty bomb by roughly 100 days as developers work to get the final stages of the Merge completed. Over the next few days, the Sepolia testnet is also set to run through its Merge trial, making it the second of three public testnets to do so.
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#3. BlockFi announces deal with FTX US, including 'option to acquire' for $240M

Amid rumors that FTX US was planning to acquire beleaguered crypto lender BlockFi for as little as $25 million, BlockFi CEO Zac Prince revealed Friday that the actual deal was more costly. According to Prince, BlockFi signed agreements with the derivatives exchange for a $400-million revolving credit facility. As part of the deal, FTX US will have the ability to purchase BlockFi outright for up to $240 million. Still, that's a drop in the bucket compared with BlockFi's valuation this time last year, which was roughly $5 billion.
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#4. Prediction of the week. Dogecoin price could rally 20% in July with this bullish reversal pattern

The price of OG memecoin DOGE appears to have been running through a bump-and-run-reversal (BARR) bottom since May 11, a technical pattern that points to extended trend reversals in a bear market. The pattern consists of three phases: lead-in, bump, and run. As it stands, DOGE appears to be in the bump phase and could be set for a 20% pump to $0.00941 in the near future.
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#5. FUD of the week. Infamous North Korean hacker group identified as suspect for $100M Harmony attack

Prominent North Korea-based hacking syndicate the Lazarus Group has been identified as a key suspect behind the recent $100 million Harmony protocol hack. According to a report published on Thursday by blockchain analysis firm Elliptic, the way in which Harmony's Horizon bridge was hacked and the stolen assets laundered bears a striking resemblance to previous Lazarus hacks, such as the $600 million Axie Infinity hack in April.
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#6. FUD of the week. OpenSea data breach causes massive leak of users' email addresses

NFT marketplace giant OpenSea issued a warning to users on Thursday that a list of customers' emails had been leaked to an outside party. The leak happened via an employee of, a platform for managing email newsletters and campaigns. The firm warned users to be on the lookout for potential phishing attacks.
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