U.Today – Here are the three most essential news stories according to U.Today from the past day.
Nearly $500 Million Payout Surprises Major US Stock Exchange
According to data provided by Whale Alert, yesterday, leading US cryptocurrency exchange Coinbase (NASDAQ:) reported a Bitcoin withdrawal worth almost half a billion dollars. A total of 7,999 BTC, or about $472.8 million, left the exchange’s cool wallet in several transactions to an address with the code “13F8P8.” Later, this huge amount of the flagship cryptocurrency was sent to 50 other unidentified addresses in exact portions of 157 BTC, or $9.27 million at current prices. It is still unknown what is behind this unusual activity. Some have speculated that it could be one of the Bitcoin ETF issuers (such as BlackRock (NYSE:)) that is accumulating the crypto despite all the recent setbacks and volatile price swings.
burns stablecoin tokens
As reported by @RLUSD_TRACKER, the X handle that tracks the minting and redemption of Ripple’s RLUSD stablecoin, yesterday 185 Ripple USD (RLUSD) tokens were burned in the RLUSD vault. The tokens were destroyed by being sent back to the issuer’s account. Earlier this month, U.Today reported that Ripple had begun testing its stablecoin in private beta. According to XRP Scan data, the minting process began about a week ago with the aforementioned 185 RLUSD. Currently, access to the novel product is circumscribed to some of the company’s corporate partners. After the beta testing stage, the stablecoin will become available to the general public.
Shytoshi Kusama Highlights SHIB’s Epic Gaming Move
In a recent post on X, leader Shytoshi Kusama praised Shiba Eternity’s latest move; the project has undergone a rebranding and is now called PlayWithShib, and his X account has also been renamed from @ShibaEternity to @playwithshib. “Such an epic move!” Kusama wrote in his post. The name change isn’t the only change the project has in store for the community; from now on, it will be expanding its presence in the gaming sphere far beyond its first NFT card game for smartphones. In slow July, the Shiba Eternity team announced its intentions to release multiple additional games on Shibarium, a layer 2 solution. Additionally, in early August, Shiba Inu Lucie’s marketing lead announced a major update for the game – a move from Web2 to Web3.
