Check out the latest news digest by U.Today so you don’t miss the most important events in the crypto industry!
U.Today has compiled a summary of the top four news stories from the past. Stay tuned for what’s on the agenda of the crypto industry!
Ripple’s ODL product closes to achieving global coverage
RippleNet’s general manager, Ashish Birla, has been very pleased with its recent development. As he explained in the episode “The Ripple Drop” published this Thursday, Ripple’s flagship on-demand liquidity (ODL) product is close to achieving “Global Coverage” and is currently operating in 22 destination markets.
Meanwhile, in response to Ripple’s demand to bring new innovative use cases to its customers, Birla is working with RippleX to explore new opportunities in the NFT space. He added that the NFT market could be bigger than anything the crypto community has seen so far in terms of adoption.
Shiba Inu whales grab billions of tokens as SHIB recovers
Unlike the average investors who are most likely to avoid buying and even trading Shiba Inu, whales and big wallet owners think differently. Yesterday, an unnamed whale decided to follow the top 500 Ethereum wallets that have been grabbing SHIB tokens over the past few days and bought 271 billion canine coins worth over $6 million.
The purchase coincided with a recovery of 5% of the token, but the price did not trend upwards. Currently, the Shiba Inu is trading at $0.00002187 per CoinMarketCap.
Grayscale founder teases Dogecoin community in recent tweet
The crypto Twitter community is not new to hints and riddles left by the official accounts of popular cryptocurrencies or crypto influencers. This time, scale Founder Barry Silbert decided to leave his followers scratching their heads over his recent tweet. Top execs compared Bitcoin to Pink Floyd, Ethereum (ETH) to U2, Litecoin to Eagles, XRP to Coldplay and ZCash to Radiohead. However, Dogecoin was not compared, with only a question mark left next to it.
Cardano among top five fastest growing assets
Sentiment data shows that cardano (ADA) remains among the top five assets in terms of growth activity. According to Sentiment’s tweet, Uniswap (UNI) is in the first place and Solana (SOL) in the second place. Cardano is in third place, followed by Polkadot (DOT) and Kusama (KSM).
Cardano hasn’t always been left behind by other assets. In 2021, as Reported Previously by U.Today, Cardano topped the list of most developed assets.