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Here are the top three news stories from the past day brought to you by U.Today.
Ripple's CTO reveals painful truth about XRP's $3.84 'ATH' price
Ripple's CTO David Schwartz recently moved to the X platform To participate in the discussion Regarding the $3.84 price point that XRP reached in January 2018, and whether it is indeed an all-time high for the asset. User @Onlyhoodvibes88 Tagged Schwartz, noting that the aforementioned price level was not the ATH for XRP; He said the $3.84 figure was misleading and attributed it to inflated prices from Korean exchange rates. In his country to replyThe CTO confirmed that ATH was misrepresented in media reports and that XRP could not be bought or sold for $3.84 at the time. Schwartz explained that this higher price contains "inflated amounts due to the use of 'official' currency exchange rates for Korean exchange rates." Meanwhile, XRP continues to trade above $3; At the time of writing, it is worth $3.26 per CoinMarketCap.
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Top Experts: Litecoin ETF is next in line
As ETF analyst Eric Balchunas mentioned, Litecoin is likely to be the next cryptocurrency For immediate ETF approval In the US, Canary Capital Group's recent amendment to its S-1 filing suggests the SEC may be moving towards approving such a product. However, despite the optimism surrounding this development, the outcome remains uncertain. “We have heard chatter that Litecoin S-1 has received comments from the SEC. This seems to confirm what bodes well for our expectations that Litecoin will likely be the next coin to be approved,” He said. Currently, according to Polymarkets bettors, there is a 54% chance the Litecoin ETF will be approved by 2025, with a 39% chance of approval before July 31. There are pending orders for altcoin ETFs such as Solana and XRP. However, Balchunas previously stated that these products are less likely to be approved before Litecoin due to regulatory issues.
Shiba Inu (SHIB) is waiting for the 64 trillion level: a massive accumulation
Shiba Inu is currently appearing Mixed signals In the market. While its price is relatively unchanged, on-chain data reveals a significant accumulation at a key support level between $0.000021 and $0.000022, where more than 64 trillion tokens are held in about 30,800 addresses. This support level is crucial to determining the future direction of SHIB. Currently, 35% and 62% of SHIB addresses are profitable, after purchasing the asset at lower prices. However, 63% of addresses are still unprofitable, reflecting traders' hesitation. If SHIB can maintain the accumulation at this level, a recovery scenario towards $0.000024 or higher becomes possible. On the other hand, a drop below $0.000021 could trigger a downtrend, highlighting the importance of this support level for SHIB’s price path.
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