XRP Documentary Could See Release This November, Shiba Inu to Launch DAO Governance as ‘Next Step,’ 247 Billion PEPE in 24 Hours: Crypto News Digest by U.Today

As a seasoned crypto investor with a knack for spotting potential, I find myself intrigued by these latest developments. The upcoming XRP Unleashed documentary promises to shed light on the inner workings of one of the most talked-about cryptos out there. Despite Ripple’s CEO staying out of the picture, I’m eager to hear from their CTO David Schwartz and learn more about the community’s story.


Here are the top three news stories over the past day presented to you by U.Today.

XRP getting its own documentary

Based on a recent announcement by Fruition Productions, a film and gaming studio specializing in XRP, the “XRP Unleashed” documentary is expected to be released this November. Instead of relying on external platforms for distribution, Fruition Productions has chosen to self-distribute, making the documentary available on platforms like Amazon and Apple TV without their direct support. In response to queries about the documentary, Fruition Productions clarified that Ripple‘s CEO Brad Garlinghouse and his team will not feature in the project as they declined participation. However, interviews were conducted with Ripple’s CTO David Schwartz, suggesting that the film will include at least one prominent figure from the XRP community. In a statement about their decision, Fruition Productions explained, “Upon seeing the breadth of our coverage, I can understand why they didn’t want to participate. The resistance we faced, in terms of compromising our story and insisting on celebrity, was significant.”

Shiba Inu (SHIB) to launch DAO Governance as “next step”

On her social media platform, Lucie, who oversees marketing for Shiba Inu, posted an article named “Shib: Token Pioneering Community Interaction and Blockchain Progress” recently. The piece discusses the upcoming launch of DAO Governance as a significant milestone in the Shiba Inu project, empowering every SHIB owner to participate in shaping its future decisions. As per the article, Shiba Inu’s governance model will be guided by two primary committees: the Charity Committee and the Culture & Heritage Committee. The former will manage humanitarian initiatives within the community, while the latter will safeguard the unique culture of Shiba Inu. This DAO Governance initiative is expected to significantly boost the worth of SHIB, strengthening its reputation as a project driven by the community. Yet, the exact debut date for the official rollout of SHIB DAO Governance remains undisclosed at this time.

247 billion PEPE in 24 hours, When rebound?

Data from CoinGlass reveals that yesterday, the liquidation of PEPE surpassed the liquidation of its fellow meme coins, such as dogwifhat (WIF), Shiba Inu (SHIB) and Dogecoin (DOGE). Over the previous 24 hours, PEPE has recorded a $2.33 million liquidation. This figure shows that long traders have recorded $1.32 million in liquidation, with short traders suffering $1.01 million. In PEPE token equivalent, this liquidation represents more than 247 billion. While the coin’s history has witnessed such occasions before, the fact that PEPE saw more liquidations than SHIB and DOGE indicates that more traders are keeping an eye on the coin overall. Currently, PEPE is trading at $0.000008347, down 5.36% over the past 24 hours, per CoinMarketCap.

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2024-08-27 19:42