SHIB Payments Expand to Airbnb and Nike, ‘Sleeping Giant’s’ Awakening Could Push XRP Higher, Mark Cuban Says SEC Should Learn From Japan: Crypto News Digest by U.Today

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As a crypto investor with a few years of experience under my belt, I find the recent news stories quite intriguing and potentially profitable. Let me share my thoughts on each one.

U.Today has prepared a summary of the top three news stories over the weekend.

Shiba Inu (SHIB) payments expand to Airbnb, Nike thanks to this integration

Recently on its X handle, CoinGate announced the addition of Shiba Inu support for Polygon and Binance Smart Chain. This update allows SHIB holders to pay for merchandise and services from major brands like Airbnb, Nike, Zalando, Steam, and PS5 using their beloved meme coin. The integration of Shiba Inu also showcases its versatility as a medium of exchange beyond speculation, reflecting the growing acknowledgement of cryptocurrencies in the mainstream market. Currently, SHIB is priced at $0.00002394, marking a 6.13% increase over the past 24 hours, according to CoinMarketCap.

XRP price: “Sleeping giant” about to awaken, expert predicts

I, as an analyst, have recently come across Matthew Dixon’s bullish XRP price prediction on his social media account as the CEO of Evai. He believes that the token’s price could experience significant growth once the “sleeping giant” is awakened, referring to the upcoming consumer price index (CPI) report scheduled for release on May 15. The primary driving factor behind this potential surge in XRP’s value is a weaker-than-expected CPI reading. According to Dixon’s analysis, the XRP price might breach the $0.6 mark later this month. At present, the Ripple-associated token trades at $0.507 with minimal growth of 0.8% over the previous day based on CoinMarketCap data.

Billionaire Cuban says SEC should take page out of Japan’s crypto playbook

Mark Cuban, the billionaire businessman and crypto advocate, has utilized X platform to engage with SEC Chairman Gary Gensler and propose a country that could set an example for the U.S in safeguarding crypto investors. Cuban suggests that Gensler look towards Japan as a potential role model. Following the collapse of exchanges like Mt. Gox and Coincheck, Japan effectively responded by enhancing investor protection measures, according to Cuban. In his X post, he emphasized, “The Japanese counterparts of U.S. exchanges that went under, thrived in Japan!”

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2024-05-13 19:05