SHIB Burn Rate Spikes 1,494%, Ripple CTO Could Have Been Part of “Satoshi,” Here’s Why Equilibrium Chose XRPL for Its Games: Crypto News Digest by U.Today – U.Today

U.Today presents the top four news stories over the past day.
As reported by the Shibburn website, over the past day, the burn rate of Shiba Inu meme coins surged by a whopping 1,494%. In comparison to the day before yesterday, with 2,833,917 SHIB burned, the SHIB Army managed to destroy a total of 45,165,582 SHIB.  Out of 45.1 million coins, nearly all of it – 37,843,644 Shiba Inu – was removed from circulation and locked in a dead wallet in a single mysterious transfer. In total, in the past seven days, 147,590,806 SHIB have been destroyed thanks to the combined efforts of SHIB enthusiasts. The most likely reason behind the burn rate spike was the meme coin’s price drop by 4% over the past few days, which resulted in SHIB adding another zero.
David Schwartz, the chief technology officer at Ripple, claims that he could have become “Satoshi” — a small group of people that created Bitcoin. In his recent tweet, Schwartz wrote that nearly everything the mysterious BTC creator did is within his capabilities. However, to Schwartz’s great disappointment, he only found out about the world’s first cryptocurrency back in 2011, one year after Satoshi Nakamoto disappeared. Back in 2020, rumors about the Ripple CTO being Satoshi started circulating, to which Schwartz replied that even though it was possible to assume that he might have been involved in the creation of Bitcoin, he was not.
Equilibrium Gaming Hub has taken to Twitter to explain why it picked XRP Ledger to make its blockchain games a year ago. According to Equilibrium, the choice has fallen on XRPL and the XRP community as they have always been about utility and making things that have actual use cases, improving the status quo way of doing things. The tweet also stated that Equilibrium strives to replace centralized gaming markets and connect them to the financial world. Meanwhile, earlier this summer, a modular ecosystem based on XRP Ledger, onXRP, announced the integration of its Maladroids play-to-earn project into the XRPL blockchain.

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Yesterday, according to data provided by Whale Alert, an eye-popping amount of over 3.3 trillion SHIB was transferred in a single transaction. The amount of Shiba Inu on the move was worth a total of $33,839,927. Etherscan does not disclose the quantity of SHIB held by the wallets of the sender or receiver. However, earlier this month, a similar amount of SHIB was sent to a completely empty wallet, which made crypto community members assume that a new SHIB whale had emerged. Meanwhile, given that SHIB has added another zero to its price, whales have become active: according to Etherscan, another anonymous whale shifted 150 billion SHIB worth $1.5 billion to Crypto.com exchange, apparently to be sold.

Valeria is the community manager at U.Today. She is a crypto enthusiast and believes that cryptocurrency is the future of finance. Currently, Valeria covers the latest news in the world of crypto and blockchain.
 
Disclaimer: Any financial and market information given on U.Today is written for informational purpose only. Conduct your own research by contacting financial experts before making any investment decisions.

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