U.Today – U.Today has compiled a summary of the top 3 news stories of the past day.
Mammoth 144,045% SHIB Burn Jump Stun Community: Details
According to data provided by Shibaan Tracker, the Shiba Inu's burn rate has recently increased significantly, reaching levels not seen in a long time. On December 4th, this indicator surged by 144,045%, with a total of 2,041,299,351 SHIB tokens being moved to unusable wallets. This burn rate spike is primarily due to a large transfer of 2,020,624,700 SHIB and two smaller transactions that took place earlier this week. Moreover, the total amount of SHIB burnt within the last week amounted to a staggering 4,251,012,135 tokens, reflecting an increase of 1,990.39% in the weekly burn rate. The SHIB community responded positively to this news, with many expressing enthusiasm and optimism regarding the significant reduction in circulating supply.
Breaking the Silence on RLUSD Stablecoin Launch: Details
Ripple has officially addressed speculation regarding the launch of its long-awaited RLUSD stablecoin, specifically addressing rumors that it would debut on December 4th. As the date passed without the stablecoin being launched, fintech companies turned to the X Platform to clarify the situation. . Ripple reaffirmed in the X-Post that “RLUSD will not launch today,” highlighting the company's efforts to work closely with the New York Department of Financial Services (NYDFS) to ensure regulatory compliance. “We are aligned with NYDFS on final approval and will share updates as soon as possible. We launched under NYDFS oversight and are committed to maintaining the highest regulatory standards. “Ripple said. The company also promised to provide updates on any progress.
Advocate Samson Mo confirms BTC price target of $1 million
The cryptocurrency market recently witnessed a historic event with the price of Bitcoin exceeding $100,000. This milestone, reached 15 years after Bitcoin's creation, prompted Bitcoin advocate Samson Mo to predict a future price target of $1 million. In a post on X, Mo wrote that he will not remove the “laser eyes” (a symbol of optimism and the future value of the flagship cryptocurrency in the BTC community) from his profile picture until Bitcoin reaches the $1 million mark. The recent Bitcoin halving event, increasing scarcity by limiting supply to approximately 450 units per day, confirms this ambitious prediction. Bitcoin demand is further strengthened by continued acquisitions from companies such as MicroStrategy, which recently purchased 15,400 BTC, increasing its total holdings to 402,100 BTC. Other companies such as Metaplanet and Semler Scientific (NASDAQ:) are following suit, and if a large company like Microsoft (NASDAQ:) decides to enter the market, demand for Bitcoin will increase. This suggests that further expansion is possible.
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