As a seasoned researcher with a keen interest in cryptocurrencies and a healthy dose of skepticism towards tabloid reports, I find it intriguing to see the ongoing saga between Jeff Bezos and MicroStrategy’s Michael Saylor. The $600 million wedding story seems more fitting for a Hollywood blockbuster than real life, but then again, who knows what the world of the ultra-rich holds?
Take a look at what happened in the world of crypto by reading U.Today’s top three news stories.
MicroStrategy’s Saylor pitches $600 million Bitcoin buy to Jeff Bezos
In a recent article, the Daily Mail claimed that Amazon’s founder, Jeff Bezos, is planning to marry his fiancée, Lauren Sanchez, in an extravagant ceremony estimated to cost around $600 million in Aspen, Colorado. The report suggested that Bezos had purchased an expensive sushi restaurant for the guests and rented several luxurious mansions for high-profile attendees. However, Bezos quickly refuted these claims on social media, stating they were false. Despite this denial, MicroStrategy cofounder Michael Saylor recommended that instead of spending such a large sum on his wedding, Bezos should invest $600 million in Bitcoin. According to Saylor’s tweet, “That amount would buy a lot of Bitcoin.
Almost no new XRP investors coming
The data from XRP Scan shows a worrying pattern for XRP, as the number of new accounts being created has dropped sharply compared to earlier this year. For instance, over 30,000 new accounts were activated daily at the peak, while only 1,756 new accounts were created on Dec. 22, 2024. This substantial decrease in account creation suggests that XRP may not be attracting new investors. Additionally, transaction activity on the XRP Ledger has decreased as well, indicating a decline in user engagement from both individual and institutional users. At present, the price of XRP remains stuck near $2.30 within a descending triangle pattern, further reflecting this lackluster performance. This downward trend is exacerbated by the reduction in user growth and network activity, leading to concerns about the asset’s future prospects in the crypto market. However, there’s still a glimmer of optimism — potential reversals could be triggered by significant partnerships or updates to the network.
SHIB burns jump 936%, price reacts unexpectedly
The Shibburn tracking platform’s data shows an escalation in the number of SHIB meme coins being destroyed from circulation, with a staggering 6,690,287 coins being burned by the Shiba Inu community yesterday, resulting in a massive 936.52% increase in daily burn rate. The two largest transactions amounted to 3,507,923 and 2,300,437 SHIB respectively. However, this increased burning activity has led to a decline of nearly 60% in the weekly burn figures, with over 62 million SHIB coins now locked in wallets where they cannot be spent. Currently, SHIB is trading at $0.00002303, representing an 8.05% increase over the past 24 hours, according to CoinMarketCap.
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2024-12-24 18:17