SEC Veteran Pours Cold Water on XRP Community, Shibarium Breaks All-Time High With 1,557% Spike in Activity, Stellar (XLM) Transfers Now Supported on Robinhood: Crypto News Digest by U.Today

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As a seasoned crypto investor with a knack for navigating through market volatilities and regulatory complexities, I find myself intrigued by these recent developments.

Here are today’s top three headlines about cryptocurrency from U.Today – let’s check them out together.

SEC veteran pours cold water on XRP community

In a recent update regarding the ongoing Ripple-SEC case, the Second Circuit Court of Appeals issued a warning called a notice of default. Some members of the XRP community have interpreted this as another setback for the SEC. Previously, it was suggested that the SEC might miss its deadline to file Form C during the appeals process. However, according to former SEC director in San Francisco Marc Fagel, this notice is not directed at the SEC but rather at Ripple’s legal team, specifically defendant Brad Larsen. Fagel clarified that if Ripple does not respond to this notice within 14 days, it may be prevented from making oral arguments unless given permission by the court.

Shiba Inu‘s Shibarium suddenly breaks all-time high with 1,557% spike in activity

Based on information from Shibariumscan, it appears that there was a significant surge of 1,557% in Shiba Inu’s layer-2 solution, Shibarium, yesterday. This increase was primarily driven by a substantial rise in activity among older accounts, with only around 3,814 new addresses created. Remarkably, this seems to be a record high for active Shibarium accounts. As a result of the increased account activity, there was nearly a 1,380% jump in daily transactions, reaching over 1.76 million, which represents the highest transaction volume since March. However, during the same period, the value locked within the Shibarium blockchain actually decreased.

Stellar (XLM) transfers now supported on Robinhood: Details

According to the latest announcement from Robinhood Crypto EU X account, it’s now possible for users to transfer Stellar’s native token, XLM, in and out of their accounts. This means they can both withdraw and deposit this digital asset. To mark this new feature, Robinhood is providing a temporary 1% bonus on deposits made with XLM. Robinhood Crypto was introduced in the EU towards the end of last year, enabling users to buy and sell cryptocurrencies. Previously, users were unable to transfer assets to external wallets or other platforms. However, this restriction was lifted at the beginning of October when Robinhood announced that it would enable European customers to move cryptocurrency into and out of its app. In addition to Stellar, Robinhood has also started supporting Solana (SOL) transfers, offering the same 1% deposit incentive until November 30th.

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2024-10-24 18:19