U.Today – U.Today brings you the three most significant news stories from the last day.
SHI stablecoin could be launched soon, hints SHIB team as it shares key details
Yesterday, September 26, Lucie, the project’s official marketing manager, published an X post dedicated to the SHI stablecoin, providing details on its usefulness and importance in the Shibarium ecosystem. First, Lucie reminded the community that SHI is currently “in development and not yet released.” the stablecoin was first introduced by SHIB creator Ryoshi in 2021; is intended to function as a stable and decentralized currency. The initial proposal was to set the SHI at $0.01, but the mechanism for achieving this remains to be determined. Lucie emphasized that SHI will enhance liquidity, encourage users to engage with Shibarium, and be an imperative asset in DeFi applications. Overall, SHI is expected to assist stabilize transactions and attract novel users, minimizing the risks associated with cryptocurrency price fluctuations. Regarding the likely release date of the long-awaited stablecoin, Lucie stated that “the Shib ecosystem aims to integrate SHI once the infrastructure is fully prepared, ensuring stability and utility within decentralized finance.”
Co-founder’s alleged $30 million XRP Coinbase (NASDAQ:) move has the XRP community worried
Surprisingly, on September 20, the wallet of Chris Larsen, one of the co-founders of Ripple, became vigorous after 11 years of dormancy, transferring 50 million XRP worth over $29 million to an unknown wallet. Following the transfer, XRP enthusiasts began monitoring the further movements of Larsen’s funds and learned that they had been sent to Binance, sparking speculation about their employ on Ripple’s On-Demand Liquidity (ODL) service. However, it turned out that the purpose of these transfers was different; some XRP was transferred to other exchanges, including Bittrex and Coinbase, where 30 million XRP was sent yesterday. Many community members are concerned about Larsen’s intentions and doubt whether he plans to sell XRP or whether it will be used for ODL purposes, with some even speculating about a hack. Despite the concerns, Larsen has not yet commented on the situation.
Another wallet from the Satoshi era is activated
Over the past few days, the market has seen a significant enhance in antique wallet activations. Yesterday, according to data provided by Whale Alert, a wallet containing 28 BTC worth approximately $1.8 million woke up after more than 13 years of dormancy. Additionally, on September 24, another early Bitcoin address with 24 BTC re-emerged, while on September 22, sporadic transactions saw the transfer of some of the earliest Bitcoin mined for the first time in over 15 years. However, on-chain analysis indicates that these coins are unlikely to be associated with Bitcoin’s creator, Satoshi Nakamoto. The Bitcoin community has been speculating on the causes of this uptick in activity, with theories ranging from potential hacks to users rediscovering their passwords.
