XRP Surges to New All-Time High in Millionaire Addresses, SEC Delays Decision on Another Spot Ethereum ETF: Crypto News Digest by U.Today

by

Explore U.Today’s top three crypto news articles to stay informed about the latest developments in the digital currency world.

XRP skyrockets to new all-time high in millionaire addresses

According to Santiment’s X post from April 23, the number of addresses holding at least one million XRP has reached a new all-time high, while the token’s price soared to a high of $0.5687. Interestingly, the figure, which currently constitutes 2,013, is only one wallet away from surpassing the previous record set in June 2023. The last time XRP saw a similar spike of millionaire addresses coincided with a significant price boom, with the token almost doubling in value to about $1 per token in just one month. As a reminder, in June 2023, market participants witnessed a historic ruling in the SEC v. Ripple case, in which the judge proclaimed XRP a nonsecurity; the XRP price skyrocketed on the news. The correlation between the increase in millionaire addresses and subsequent price rallies raises intriguing questions about the dynamics at play within the XRP ecosystem.

SEC delays decision on another spot Ethereum ETF

According to recent news, the SEC has postponed its decision on Franklin Templeton’s proposal to launch a spot Ethereum ETF. The investment firm based in New York submitted its application back in February and joined other industry heavyweights like BlackRock in seeking approval for such an exchange-traded fund. The SEC’s latest filing indicates that they need more time to review Franklin Templeton’s application, despite having approved several spot Bitcoin ETFs earlier this year. However, analyst Nate Geraci of ETF.com pointed out that the lack of interaction with issuers could be the primary reason why an Ethereum ETF may not be approved in May.

Satoshi Nakamoto delivered final words on Bitcoin 13 years ago today

On April 23, 2011, which marks a significant milestone in Bitcoin’s past, the enigmatic founder of the pioneering crypto, Satoshi Nakamoto, bid farewell to the Bitcoin community. This occurred approximately fourteen years ago, and it came roughly four months after his last public declaration in December of 2010. In emails made public by former Bitcoin Core engineer Mike Hearn, Nakamoto expressed his intention to move on to other projects and handed over the reins to Gavin and the team. The reasons behind Nakamoto’s departure from the project remain a topic of much debate among experts. Some theories suggest alternate viewpoints, considering Bitcoin’s connection with initiatives like WikiLeaks donations. Others argue that external pressures may have played a role, such as reported investigations into Gavin Andresen by organizations like the CIA.

Read More

2024-04-24 19:22