Top Ripple Executive Steps Down, Shibarium Nearing Major Block Milestone, Massive 407,510 LTC Changes Hands: Crypto News Digest by U.Today

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As a seasoned crypto investor with a decade of experience under my belt, I find myself intrigued by today’s top stories in the digital currency realm. Firstly, the departure of Emi Yoshikawa from Ripple is an interesting development. Having been part of the early days of Ripple, I can appreciate her contributions to the company and the XRP community. While it’s always a bittersweet moment when key players leave, I am confident that Ripple will continue to thrive under new leadership.

Today’s selection from U.Today showcases the three most significant stories that unfolded in the last 24 hours. Let’s delve deeper into the crypto sphere!

Top Ripple executive steps down

Yesterday, Emi Yoshikawa, who serves as Vice President of Strategy & Operations at Ripple, made an announcement on a certain platform about her decision to depart from the company. A graduate of Harvard Business School, Yoshikawa joined Ripple in 2016 and climbed up the ranks through various positions, such as Director of Joint Venture Partnership, Senior Director of Joint Venture Partnership, and Senior Director of Global Operations, eventually becoming Vice President of Strategy & Operations in 2020. Throughout her eight years at Ripple, Yoshikawa played a significant role in shaping the company’s strategic vision and also contributed to thought leadership and advocacy efforts. Additionally, she served on the board of SBI Ripple Asia, a joint venture between the Japanese financial giant SBI and Rippe. In a touching post on the same platform, Yoshikawa expressed her sense of accomplishment during her time at Ripple and promised to continue supporting the XRP community.

Shibarium close to major block milestone

Based on information from Shibariumscan, Shiba Inu‘s layer-2 solution, Shibarium, is close to reaching its 8 million block milestone. As we speak, the total number of blocks stands at approximately 7,983,203, with this increase largely due to a surge in overall transactions on the network. Other Shibarium metrics have also shown significant growth; for instance, the total transaction count has surpassed 538 million, and there are now over 1.89 million registered wallets. Moreover, Shibarium consistently maintains an average block time of just five seconds, making it one of the faster layer-2 solutions on the Ethereum network. At the moment, SHIB is trading at $0.00002448, representing a 2.39% decrease over the past day. However, over the past month, SHIB has experienced a notable increase of 34.32%. Despite potential market trends affecting SHIB during this bull cycle, Shibarium could potentially help reverse ongoing sell-offs.

407,510 Litecoin (LTC) in one sweep, what’s happening?

Just now, Whale Alert’s blockchain tracker noticed a significant Litecoin transaction, where 407,510 LTC were moved from Binance to an unidentified wallet, equivalent to around $35.4 million. This substantial transfer has sparked debate among analysts, who believe it could be a whale amassing the asset or an OTC trade in action. Whatever the reason, this transaction signals renewed enthusiasm for Litecoin, as moving assets to a private wallet usually indicates a holder’s intention to keep and faith in the cryptocurrency’s future worth. Interestingly, this transfer took place while LTC’s spot price was declining by 3.7%. At the time of writing, LTC is being traded at $87.66, marking a 1.31% increase over the past day according to CoinMarketCap. Factors driving recent institutional interest in Litecoin could include the possibility of a Litecoin ETF, following Canary Capital’s filing to launch one in the U.S.

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2024-11-20 19:08