U.Today – Let’s take a look at what happened in the cryptocurrency industry over the weekend with the top three U.Today news stories.
(SHIB) is one step away from leaving the billionaires’ club
The Shiba Inu may be on the verge of leaving the billionaires’ club as its whale dealings and trading activities have seen a significant decline in recent weeks. According to the network’s data, on October 6, the number of enormous SHIB transactions was just 88, and on October 1, it recorded a seven-day high of 383 transactions. This decline in activity indicates less interest from larger holders; high trading volume fell from a seven-day high of SHIB 8.27 trillion on Monday, October 1, to SHIB 1.6 trillion on Sunday, October 6. This significant drop shows that the whales are retreating, possibly waiting for clearer signals or a potential bottom to re-enter. At the time of writing, SHIB is changing hands at $0.00001841, up 3.35% in the last 24 hours, according to CoinMarketCap. The future of the coin now depends on whether whales’ interest returns and how the overall market behaves, especially as it struggles to break through critical resistance levels that limit its upward movement.
XRP Rally Will Never Happen: Max Keizer
In a recent post on X, vocal maximalist Max Keizer poured chilly water on the Ripple-linked XRP token. According to Keiser, the token has zero chance of seeing a rally. “XRP holders are waiting for a rally that will NEVER HAPPEN,” wrote a former financial journalist, illustrating the plight of XRP holders with a GIF of a fledgling crow trying to eat a worm, only opening its mouth but making no attempt to catch it. Keizer’s comments came after news of the SEC’s recent appeal of federal judge Analisa Torres’ ruling in a lawsuit against; after the cancellation was announced, the price of XRP saw a significant drop. However, XRP is currently trading in green, up 1.74% in the last 24 hours, at $0.5428. Ripple CEO Brad Garlinghouse called the SEC’s appeal “infuriating” and vowed to continue fighting the regulator even though the company has already spent more than $200 million on legal battles against the SEC.
Bitcoin Delivers Major Core Update 28.0, What’s New?
The Bitcoin development team has released an update to the protocol, introducing Bitcoin Core 28.0 almost six months after the debut of the previous version, Bitcoin Core 27.0. This novel update includes various improvements and bug fixes aimed at improving the functionality and security of the Bitcoin mainnet, as well as improved privacy features for users. This release follows recent alerts regarding high-risk vulnerabilities affecting one in six Bitcoin nodes, making them vulnerable to denial-of-service (DoS) attacks. Thanks to security improvements in Bitcoin Core 28.0, these issues have now been addressed, improving the node’s resistance to attacks. Additionally, the update supports repeatable compilations, increasing trust and transparency in the Bitcoin community by allowing users to compile identical binaries in addition to those distributed on the official BTC Core website.
