XRP Ledger Ready to Adopt Tokenized Gold, Silver in Q3, 2024, Cardano on Verge of “Most Significant” Milestone in Its History, Ancient ETH Whale Wakes Up: Crypto News Digest by U.Today

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As an experienced financial analyst, I find these three news stories from U.Today quite intriguing and noteworthy. Let me share my thoughts on each one.

Take a closer look at the weekend’s top three news stories with U.Today.

XRP Ledger ready to adopt tokenized gold, silver in Q3, 2024

According to the official announcement from X, Meld Gold has formed a collaboration with Ripple, a fintech firm based in San Francisco. Through this partnership, Meld Gold intends to introduce two new stablecoins, backed by silver and gold respectively, on the XRP Ledger. As stated in their Medium post, each token represents the ownership of one gram of the respective precious metal stored securely by leading custody providers MKS Pamp and Imperial Vaults. These tokens are scheduled to debut on the XRP Ledger in Q3, 2024. Meld Gold’s CEO, Michael Cotton, emphasized the significance of this launch, commenting “By integrating XRPL as the second blockchain alongside Algorand, we are moving closer to providing unrivaled access to assets such as gold and silver through leading technologies.”

Cardano on verge of “most significant” milestone in its history

As a researcher studying the developments in the Cardano blockchain, I’m excited to share that according to Charles Hoskinson, the founder of Cardano, we can expect the Cardano Node to reach version 9.0 in June this year. This milestone signifies that the network is prepared for the upcoming Chang fork. Approximately 70% of stake pool operators (SPOs) are expected to install the new node in preparation for this event.

Ancient ETH whale wakes up, moves money to Kraken

As a researcher, I’ve come across an intriguing finding from Colin Wu’s report dated June 8, 2023. An unidentified Ethereum whale, who had received 67,000 ETH from the Ethereum Foundation address around 2015, moved 15,200 ETH to Kraken last June 7. With an evaluation of $56.1 million, this transaction represents a significant transfer in the Ethereum ecosystem.

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2024-06-10 19:09