Bitcoin Whales Bolster Holdings with $3 Billion Surge
Over the weekend, U.Today reported a noteworthy development in the cryptocurrency space, revealing that Bitcoin whales have significantly increased their holdings by $3 billion since the beginning of 2024. Data from IntoTheBlock analytics firm indicates that three major players added approximately 76,000 BTC to their stashes. This surge in holdings not only underscores the confidence of significant players in the crypto market but also sheds light on the concentration of wealth at the higher end, with accounts holding 10K-100K BTC experiencing a 2.88% growth.
XRP Advocate Unveils Crucial Factor in Ripple’s SEC Victory
U.Today covered a social media exchange between Coinbase‘s CLO Paul Grewal and pro-XRP lawyer John Deaton, highlighting a key aspect of Ripple‘s ongoing legal battle with the SEC. The discussion focused on the significance of the 1994 Second Circuit case, Revak v. SEC Realty. Grewal emphasized the court’s stance on the Howey test, emphasizing that a mere tie between investor fortunes and promoter efforts does not easily satisfy the criteria. John Deaton concurred with Grewal’s perspective, drawing parallels between the Revak case and the legal disputes involving LBRY, Ripple, and Coinbase.
Shiba Inu’s February Potential Amidst Market Turmoil
As January comes to a close, U.Today explored the prospects for Shiba Inu in February. Despite a 13% decline in January, historical data suggests a potential for double-digit gains in the coming month. Analyzing Shiba Inu‘s price history, the report pointed to a substantial 20.3% surge in February 2022, followed by a more modest but positive growth of 1.6% in the subsequent year. The historical median return rate exceeding 10.9% provides optimism for Shiba Inu investors amidst the current market turbulence.
