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Here are the top three news stories from the past day brought to you by U.Today.
The first massive transfer of 500,000,000 XRP occurs in 2025 - what is happening?
According to prominent blockchain tracker Whale Alert, The first significant transfer of XRP In 2025 it took place on January 1st included Half a billion XRP coins worth over $1 billion were completed between two unspecified blockchain addresses. According to Bithomp data, the transaction was initiated by blockchain giant Ripple. Typically, Ripple unlocks a large amount of XRP at the beginning of each month, although it is still uncertain whether this transfer is related to this routine. It is worth noting that Whale Alert recorded only this single mega-transaction as opposed to the usual two or three transfers of similar size observed in previous months. At the time of writing, XRP is trading at $2.42, up 1.26% over the past 24 hours, according to CoinMarketCap.
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Ripple CEO says he's "excited" about 2025
yesterdayOn January 2, Brad Garlinghouse, CEO of Ripple, Take to platform X Expressing his excitement for 2025, he wrote in his post Even amid Ripple's legal battle with the Securities and Exchange Commission, 2024 has been a pivotal year for the company, with significant milestones such as the acquisition of Standard Custody and entering the stablecoin market. The company's fortunes improved further when SEC Chairman Gary Gensler announced his resignation in November. By December, Ripple launched the RLUSD stablecoin, and XRP's market capitalization had surpassed that of USDT, reaching $137 billion after a significant rally. Looking ahead, XRP is expected to benefit from potential immediate ETF approvals and a more favorable regulatory landscape.
Shibarium may reach first major milestone of 2025 within days: details
Second layer Shiba Inu solution Shibarium It is seeing a resurgence in adoption, with the number of daily transactions rising to peak levels of 4.78 million. The protocol has achieved significant achievements, exceeding 670 million transactions within 18 months of its launch. according to ShibariumscanIt is currently on track to reach 750 million transactions soon. Shibarium's growth is further demonstrated by its production of 8,741,336 pieces, with expectations to exceed 9 million soon. In addition, the network hosts 2,070,381 wallet addresses, indicating a growing user base. The recent surge in Shibarium activity has positively impacted the price of the SHIB token, which rose by 4.31% to $0.00002364.
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