U.Today provides a recap of recent cryptocurrency events, including Ripple’s response to centralization concerns regarding XRP and a massive Bitcoin transfer from Coinbase Institutional. These developments highlight the evolving landscape of the crypto market. 2023 has seen both significant gains and losses for various tokens. Ripple CTO David Schwartz clarified that XRP does not have an issuer and is decentralized as it was created on the XRP Ledger, which ensures no central control over the asset supply. He encourages audience to focus on how they wish for their assets to be impacted by centralized decision-making. Meanwhile, a major Bitcoin transfer of $878.9 million from Coinbase Institutional to an anonymous wallet was observed, leaving many wondering about its implications. On the Ethereum side, prices are rebounding after hitting recent lows. Despite showing positive signs with respect to short-term trends and price levels, some on-chain data suggests that there could be selling pressure around $2,800, which is a level where investors might look to cash out at breakeven. The crypto market remains dynamic, with traders closely watching these developments for their potential impact on the overall trend.