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XRPL Contributor Warns on XRP Yield Risks as Bitcoin Nears $70,000 Resistance

An XRPL validator known as "Vet" warned on March 2, 2026 that high-APR opportunities for earning yield on XRP, such as staking fXRP via the Xaman wallet, carry increased collateral and market volatility risk. Vet said double-digit percentage yields in some Flare-linked pools follow the principle that higher returns come with higher risk, urging XRP holders to conduct thorough due diligence when using DeFi products on the XRP Ledger. Separately, long-time Bitcoin critic Peter Schiff described Bitcoin as a "decentralized Ponzi" on social media the same day, arguing that Satoshi Nakamoto's innovation was removing a central operator while maintaining Ponzi-like characteristics. The broader crypto market is bracing for volatility this week as traders track major U.S. macro releases, including ISM Manufacturing PMI, ADP Private Payrolls, Initial Jobless Claims and Friday's NonFarm Payrolls and Unemployment Rate, seen as pivotal for Federal Reserve rate-cut expectations, with Bitcoin eyeing resistance near $70,000 and XRP targeting a potential breakout toward $1.50.
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