Ethereum
Crypto News Digest by U.Today
Valeria Blokhina
Curious about the crypto news of the weekend? Read U.Today’s news summary and stay informed!
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Take a closer look at the weekend’s top three stories with U.Today.
XRP Ledger ready to adopt tokenized gold and silver in Q3 2024
As the manager learned AnnouncementMelt the gold has established a partnership with Ripple, a financial technology company based in San Francisco. As part of the partnership, Meld Gold will launch two new silver- and gold-backed stablecoins on XRP Ledger. According to the company’s Medium post, each token will represent one gram of precious metal held by leading custody providers MKS Pamp and Imperial Vaults. The tokens are expected to go live on XRP Ledger in Q3 2024. Michael Cotton, CEO of Meld Gold, highlighted the importance of this release, saying: “The integration of XRPL as a second blockchain alongside Algorand is another step towards providing unparalleled access to assets such as gold and silver with cutting-edge technologies.
Cardano on the verge of reaching the “most important” milestone in its history
In a recent MessageCharles Hoskinson, founder of Cardano declared this June will be the month when Cardano Node reaches 9.0. This means that Cardano is ready for the Chang fork and 70% of stake pool operators (SPOs) are now expected to install the new node. Then, Cardano can be pushed into the Voltaire era with the help of the hard fork that is occurring. Hoskinson believes that the Voltaire phase is “the most important milestone in the history of Cardano and the industry as a whole,” because in this phase, Cardano is expected to increase the level of decentralization and transparency of the ecosystem. “Cardano will be a decentralized, globe-spanning civilization with millions of people. We will have the most advanced blockchain governance system, annual budgets, treasury, and the wisdom of our entire community to guide us,” he said. writes the founder.
Ancient ETH whale wakes up and moves money to Kraken
According to Colin Wu report from Saturday June 8 an unknown Ethereum whale who received 67,000 ETH from the Ethereum Foundation address in 2015, transferred 15,200 ETH to Kraken. The transaction took place on June 7 and is valued at $56.1 million. The majority of the transfer was immediately exchanged for 4.81 million DAI, averaging $2,725 per ETH. According to Wu’s X post, this address received 200,000 ETH (probably ICO participant) in the Ethereum Genesis block. Currently, the account still contains around 41,000 ETH, worth an astonishing $152.3 million. This was only the third transaction from this account since 2022. In 2020-2021, the account sent a large amount of crypto to centralized exchanges: it moved around 150,000 ETH, or around $553 million, in six transfers.
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.