U.Today – Here are the top three news stories from the last day, presented by U.Today.
(SHIB) joins the ranks of major exchanges focusing on Solana
Popular cryptocurrency exchange Backpack recently made the 10th announcement to launch SHIB trading on its platform. The announcement was reposted by the official handle X Shiba Inu; the team behind the SHIB account called out to their followers to check out the recent post, thanking the exchange for supporting the SHIB community. The backpack was launched in 2024 with a focus on the ecosystem, which has proven fruitful in supporting the development of the platform and attracting significant investment. The SHIB listing not only marked another milestone in the adoption of the dog-themed meme token, but also opened it up to Solana enthusiasts. At the time of writing, SHIB is changing hands at $0.00002436, down 3.40% in the last 24 hours, according to CoinMarketCap.
forms coalition with cryptocurrencies, CEO excited
In a recent post on X, fintech giant Ripple announced that it is collaborating with leading industry players to create a recent “Tech Against Scams” coalition. Together with the Global Anti-Scam Organization and such leading technology companies as Coinbase (NASDAQ:), Match Group (NASDAQ:) (parent company of Tinder and Hinge), Meta (NASDAQ:), Kraken and Gemini, Ripple will fight fraud internet and financial programs aimed at consumers from various industries. Brad Garlinghouse, Ripple’s CEO, took to social media to support the company’s decision to join the Anti-Fraud Alliance. “There’s one thing all of us in tech can agree on – it’s high time we crack down on fraudsters once and for all. We are proud that Ripple is joining this coalition along with other leading industry figures,” Garlinghouse wrote.
Explosive 17,400% Growth Recorded by Gabor Gurbanacs, That’s the Question He’s Asking
Gabor Gurbacs and strategic advisor VanEck noted the exceptional growth in Bitcoin’s value over the past 10 years. In his post, X Gurbacs wrote that during this period, the price of BTC increased by 17,400%, from $400 to its current level of $70,000. While many market participants would be wise to ask what happened to the flagship cryptocurrency that helped it climb to such heights, the advisor says this is not the right question; rather, the question must be asked what happened to the US dollar. It is well known that Satoshi Nakamoto created Bitcoin after the 2009 mortgage crisis as a hedge against similar shocks that may occur in the future. By then, the Federal Reserve had already started printing money to save large banks and corporations. The same situation repeated itself during the banking crisis in Cyprus and then in 2020 when the pandemic broke out. This year alone, the Fed has printed $3 trillion, which has contributed to the continued devaluation of the US dollar.
