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Crypto News Digest by U.Today
Valeria Blokhina
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Here are the three main news stories of the past day presented by U.Today.
Ripple’s CTO issues a crucial warning to the XRP community
Ripple CTO David Schwartz recently addressed his X followers with an important warning. In his send, Schwartz shared a screenshot from user X @3YearLetterman showing a direct message from a malefactor pretending to be a member of supposedly under investigation for copyright infringement and that he has 24 hours to complete a feedback form or his account will be suspended. Ripple’s CTO urged the XRP community and those who follow him on “.
The Author of “Rich Dad, Poor Dad” Makes an Amazing Bitcoin Price Prediction
In a recent X postRobert Kiyosaki, renowned investor and author of the bestselling book “Rich Dad, Poor Dad”, shared his last call on the price of Bitcoin in the near future. “Bitcoin will reach $350,000 by August 25, 2024,” Kiyosaki wrote; However, there is a problem with this bold prediction. The author further added: “It’s a prediction. It’s speculation, it’s an opinion, but it’s not a lie. It’s bait for idiots, but it’s not a lie because any prediction about the future is not a lie.” , potentially implying that no one can do it. know for sure what the future holds for BTC or any digital asset in general. Kiyosaki then continued his post by saying that he is currently increasing his stocks of Bitcoin, Ethereum and Solana, adding however that he does so not because he is “certain” about these cryptocurrencies but because he is certain of “the incompetence of our leaders” . .”
Shiba Inu (SHIB) and Cardano explode with whale activity
Shiba Inu and Cardano have both recently seen a significant increase in large-scale transactions. According to data from the Santiment report, the cause of this surge is mainly the growing interest from “whales”, i.e. investors who carry out transactions exceeding 100,000 dollars. This week, the number of such large transactions for SHIB and ADA more than doubled, compared to the 2024 average. As can be seen in the chart attached to X post by Santiment, the current figure for such massive transactions for the ADA token is 875, and for the SHIB token it is 321. However, even the day before, the numbers were much lower: around 455 for Cardano and 81 for Shiba Inu. At the time of writing, SHIB is trading at $0.000025, down 2.84% over the past 24 hours and ADA is trading at $0.4798, up 4.09% over the same period.
About the author
Valeria Blokhina
Valeria is the community manager of U.Today. She is a cryptocurrency enthusiast and believes that cryptocurrency is the future of finance. Valeria currently covers the latest news in the world of cryptocurrencies and blockchain.