Particle.news

Download on the App Store

Fed Rate Cut Lifts XRP as Cloud‑Mining Promotions Target Holders With Outsized Daily Payout Claims

One outlet labels the pitches press releases, noting the returns are vendor claims not independently verified.

Overview

  • The Federal Reserve cut rates by 25 basis points on September 17, setting the target range at 4.00% to 4.25%.
  • XRP touched an intraday high near $3.11 and closed at $3.08 on Wednesday, then traded around $3.06 the next day.
  • Vendors including SolMining, MSP Miner, and Ripplecoin Mining are advertising cloud‑mining contracts with daily payouts touted up to roughly $8,900 to $9,700 and $15 signup bonuses.
  • Articles promote vendor sites and contract examples, with claims presented as marketing materials rather than independently validated performance data.
  • Insider Monkey explicitly states its MSP Miner piece is a press release not verified by its editorial team, and some coverage cites a reported but uncorroborated $3 billion XRP inflow.