As a seasoned researcher with years of experience in the dynamic world of cryptocurrencies, I find myself constantly amazed by the speed at which this industry evolves. The news stories today are a perfect example of that.
Read the top three news stories brought to you by U.Today.
Michael Saylor announces $299 million “Bitcoin gift” to MSTR holders
In a recent X post, MicroStrategy founder Michael Saylor shared a significant net benefit for the company’s Bitcoin shareholders. Saylor called this benefit a Bitcoin “gift,” highlighting that the company’s treasury operations yielded approximately 3,177 BTC last week; this equates to around $299 million (at a BTC price of $94,000). Thus, the MicroStrategy’s founder emphasized the company’s commitment to enhancing shareholder value through strategic Bitcoin accumulation and yield-generation initiatives. Meanwhile, MicroStrategy made headlines by acquiring $561 million worth of BTC on Monday, Dec. 23. Currently, the company owns 444,262 BTC valued at roughly $27.7 billion bought at $62,257 per BTC on average.
Ripple USD (RLUSD) stablecoin gets listed on major exchange
As per a recent announcement by Bullish, a cryptocurrency exchange supported by investor Peter Thiel, they have officially incorporated the Ripple USD (RLUSD) stablecoin into their platform on December 24th. This move allows Bullish users to engage in trading across seven markets using the much-anticipated stablecoin. These markets include RLUSD/USDC, BTC/RLUSD, XRP/RLUSD, ETH/RLUSD, USD/RLUSD, EUR/RLUSD and SOL/RLUSD. The stablecoin became active last week, on December 17th, after receiving regulatory approval from the New York State Department of Financial Services (NYDFS). It has since garnered considerable attention. Previously, RLUSD was also listed on other exchanges such as Independent Reserve, Bitso and Uphold. According to CoinGecko data, the stablecoin’s current market cap is $73.5 million, placing it among the 672nd largest cryptocurrencies.
Shibarium celebrates Christmas with epic transaction milestone
On Christmas day worldwide, the Shiba Inu‘s layer-2 solution, Shibarium, reached an impressive landmark by processing over 708 million transactions. As per data from Shibariumscan, this figure represents a total of 708,006,911 transactions, with approximately 4.74 million transactions daily across 2,027,311 unique wallet addresses. This accomplishment is remarkable, considering the ecosystem was only launched in August 2023, demonstrating an active and dedicated community in a short span of time. Additionally, Shibarium has made other significant strides, like unveiling a new user interface to enhance its compatibility with popular self-custody wallets such as Coinbase Wallet, Trust Wallet, and MetaMask.
Read More
- REPO: All Guns & How To Get Them
- Unlock the Ultimate Armor Sets in Kingdom Come: Deliverance 2!
- Top 5 Swords in Kingdom Come Deliverance 2
- One Piece 1142 Spoilers: Loki Unleashes Chaos While Holy Knights Strike!
- LUNC PREDICTION. LUNC cryptocurrency
- REPO: How To Play Online With Friends
- 6 Best Mechs for Beginners in Mecha Break to Dominate Matches!
- Unleash Willow’s Power: The Ultimate Build for Reverse: 1999!
- How to Reach 80,000M in Dead Rails
- BTC PREDICTION. BTC cryptocurrency
2024-12-26 19:35