Large XRP Whale Emerges With 104 Million XRP Shift, Shytoshi Kusama Publishes S.H.I.B. Proposal for US Government, Cardano Spotlights Growth Milestones: Crypto News Digest by U.Today

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As a seasoned researcher with a penchant for blockchain and cryptocurrencies, I find myself captivated by the latest developments in the industry. The emergence of a new XRP whale, holding 104 million XRP, is an intriguing development that hints at potential market movements. Ripple’s strategic moves, such as the release of their Q3 report and the activation of the XRPL oracle pricing amendment, seem to be setting a solid foundation for the XRP ecosystem.

In my analysis role, I’ve compiled summaries of the day’s top three headlines within the cryptocurrency sector. Keep an eye out for more updates on recent happenings in this dynamic industry!

Gigantic XRP whale birthed with 104 million XRP shift

A blockchain tracker called Whale Alert has just noticed a new large XRP investor, following a transfer of 104 million XRP, equivalent to around $56 million. This significant amount of XRP (104,035,551 tokens) was transferred from an undisclosed wallet to a newly established one. The origins and destination of both the sending and receiving accounts are currently unknown, which makes this transaction even more interesting. This new whale’s appearance coincides with key advancements in Ripple and the XRP community, such as Ripple publishing its Q3, 2024 XRP Markets Report, showing expansion in both the XRP environment and the broader cryptocurrency market. Furthermore, the latest update to the XRP Ledger has activated the XRPL oracle pricing amendment, enabling native oracles on XRPL to supply real-time data for essential DeFi features like Automated Market Makers (AMM) and lending protocols.

Shytoshi Kusama publishes groundbreaking S.H.I.B. proposal for U.S. government

Shythoshi Kusama, leader of the Shiba Inu community, has recently posted a blog outlining a proposal for the creation of a Strategic Hub for Innovation and Blockchain (S.H.I.B.). This plan involves setting up this hub in one American city, with the aim of utilizing blockchain technology to potentially revolutionize the entire country over the next decade. The estimated cost of this project, which will be presented to the incoming U.S. president, ranges from $1.3 billion to $2.35 billion over a period of 5 to 10 years. Notably, the SHIB coin is not directly referenced in this proposal. Kusama explains that the initiative’s purpose is to foster economic growth, create quality jobs, bolster national security, and reinforce America’s position as a leader in emerging technologies. In summary, Kusama emphasizes that investing in the S.H.I.B. project offers a transformative chance for the U.S., as it aligns with national objectives focusing on economic growth, technological progress, national security, and sustainable development.

Cardano spotlights stunning growth milestones as Chang 2 upgrade nears

Cardano is gearing up for the second stage of the Chang upgrade, focusing on integrating the remaining facets of Cardano’s minimal on-chain governance. In a recent update from Input Output Global (IOG), they emphasized remarkable milestones achieved in October. The count of token policies expanded by 3,287, and the quantity of minted native tokens surged by 60,000. Plutus scripts saw an increase of 3,358, reaching a total of 91,698. Additionally, the total number of transactions swelled by 0.98 million, bringing the tally to 97.92 million. Key advancements in October include finalizing enhancements and bug fixes for the Conway ledger era and the debut of Node v.10.1.1, which represents the first mainnet release node that can withstand the Chang #2 inter-era hard fork.

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2024-11-06 18:33