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Crypto News Digest by U.Today
Valeria Blokhina
U.Today’s crypto news summary will not let you miss any of the most important events in the industry!
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U.Today brings you the three main news stories of the last day.
MicroStrategy’s huge Bitcoin purchase announced by Michael Saylor: Details
YesterdayJune 20, Michael Saylor took a X platform to announce a recent massive purchase of MicroStrategy. The company acquired 11,931 BTC worth $786 million, with an average price per coin of $65,883. Currently, the company holds a total of 226,331 BTC, making it the largest Bitcoin holding company. Financing for the purchase was provided by MicroStrategy’s recent debt sale. Previously, the company announced that it had completed its $800 million convertible bond offering. However, the acquisition, despite its huge size, didn’t have much of an effect on the market, as it was mostly priced in after MicroStrategy ramped up its debt sale last week.
Shiba Inu team leader reveals an unexpected SHIB game
In a recent X postLucie, marketing manager of the Shiba Inu project, revealed what to expect from a Shibarium game that is currently in its final stages of development, quoting the words of Shiba Inu leader, Shytoshi Kusama. According to Kusama, the full game will be licensed exclusively to the decentralized Shiba Inu team for use on Shibarium. Subsequently, the mobile version could be improved by adding easily identifiable decentralized elements. The Shiba Inu leader hopes the game will provide value to the ecosystem’s key tokens, SHIB, LEASH and BONE. Additionally, Kusama confirmed that revenue from in-app game purchases incentivizes SHIB and LEASH burns.
XRP, ADA: Good Sign for Potential Bulls, “Rocket Fuel” May Be Here: Report
A recent Sanction relationship carried Good news to the XRP and ADA communities. As stated by the Santiment analytics team, these two popular altcoins are currently experiencing heavy shorting by traders following recent price rebounds. This is actually a good sign for potential bulls, as this short position can serve as “rocket fuel” for continued price increases. As of this writing, XRP and ADA occupy seventh and tenth place in CoinMarketCap’s top 10 cryptocurrencies, changing hands at $0.4838 and $0.3797 respectively, with their market capitalization of 26,886 $.410,927 and $13,552,171,536.
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.