Ethereum
Crypto News Digest by U.Today
Valeria Blokhina
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Read the top three news stories from U.Today and find out what happened in the crypto world over the past day.
XRP hits new all-time high for millionaire addresses
According to Santiment Message as of April 23, the number of addresses holding at least one million XRP reached a new absolute record, while the token’s price surged to a high of $0.5687. Interestingly, this figure, which currently stands at 2,013, is just one wallet away from surpassing the previous record set in June 2023. The last time XRP saw a similar spike in address addresses millionaires coincided with a significant price surge, with the token nearly doubling in value. to around $1 per token in just one month. As a reminder, in June 2023, market participants witnessed a landmark ruling in the SEC v. Ripple case, in which the judge proclaimed XRP as non-security; XRP price skyrocketed on the news. The correlation between the increase in the number of millionaire addresses and subsequent price increases raises intriguing questions about the dynamics at play within the XRP ecosystem.
SEC Delays Decision on Another Ethereum ETF
As recent reports have revealed, the SEC delayed its decision regarding an Ethereum spot ETF proposal submitted by New York-based investment firm Franklin Templeton. Franklin Templeton filed for an Ethereum ETF in February, joining others like BlackRock. As evident from the most recent filing, the regulator said it was acceptable to defer its decision in order to have sufficient time to review Franklin Templeton’s application. Even though the SEC approved numerous Bitcoin spot ETF applications in January, the chances of the regulator accepting Ethereum spot ETF applications remain minuscule. As reported by U.TodaySenior ETF analyst Nate Geraci recently called a lack of engagement with issuers the main reason why the SEC would not approve an Ethereum ETF in May.
Satoshi Nakamoto spoke his last words on Bitcoin 13 years ago today
April 23, 2011 is known as a landmark date in the history of Bitcoin, because on this day, 13 years ago, the mysterious creator of the flagship crypto, Satoshi Nakamoto, sent his last message on the Bitcoin ecosystem. This historic moment occurred just four months after Nakamoto’s last public statement in December 2010. “I have moved on. He is in good hands with Gavin and everyone,” Nakamoto wrote in returned emails. public by the former Bitcoin Core engineer. Mike Hearn, conveying the feeling of passing the torch. There is still a lot of speculation about why Nakamoto left the project. Some argue for a different perspective, especially in light of attempts to align Bitcoin with projects such as WikiLeaks donations. Others believe it was due to outside pressure, such as the CIA’s alleged investigation into Gavin Andresen, a prominent member of the crypto community.
About the Author
Valeria Blokhina
Valeria is the Community Manager at U.Today. She is passionate about crypto and believes that cryptocurrency is the future of finance. Currently, Valeria covers the latest news from the world of crypto and blockchain.