In the fast-moving world of cryptocurrencies, big shifts can happen in a flash. From Shiba Inu (SHIB) possibly losing its grip on the trillionaires’ club to Max Keiser throwing shade at XRP, the landscape is as volatile as ever. Add to that Bitcoin’s latest core update, and the crypto space has plenty to talk about. Here’s a deep dive into the latest crypto developments.
Shiba Inu on the Brink: Exit from the Trillionaires Club?
Shiba Inu, once a darling of the crypto whales, is now witnessing a dramatic fall in its large transactions. On October 6, only 88 large SHIB transactions were recorded, a stark contrast to the 383 transactions just five days earlier. This dip in whale activity marks a significant reduction in the coin’s momentum, with a trading volume drop from 8.27 trillion SHIB to just 1.6 trillion SHIB.
As SHIB currently trades at $0.00001841—up 3.35% in the past 24 hours—the big question remains: will the whales return, or is this a sign of a long-term retreat? Investors are watching the market closely, waiting for clearer signals before making their next move.
Read more on the whale activity surrounding Shiba Inu here.
Max Keiser’s Harsh Words for XRP
Max Keiser, a well-known Bitcoin advocate, has taken another shot at XRP, claiming its much-anticipated rally is “NEVER GOING TO HAPPEN.” In a recent post on X, Keiser mocked XRP holders, saying they’re waiting for a miracle that won’t come. His comments followed the U.S. Securities and Exchange Commission (SEC) appealing a recent court decision in its ongoing lawsuit against Ripple, which has been a significant headwind for XRP.
Despite the legal drama, XRP’s price is up 1.74%, trading at $0.5428. Ripple CEO Brad Garlinghouse called the SEC’s appeal “infuriating” and reaffirmed the company’s commitment to fighting the regulator, having already spent over $200 million on legal fees.
Find out more about Max Keiser’s views and the ongoing Ripple-SEC battle here.
Bitcoin’s Major Core Update: What You Need to Know
Bitcoin’s development team just rolled out the much-anticipated Bitcoin Core 28.0 update, marking a crucial step forward in strengthening the network’s security and functionality. This update addresses critical vulnerabilities that left one in six Bitcoin nodes susceptible to Denial of Service (DoS) attacks, vastly improving node resilience. The upgrade also enhances privacy for users, ensuring a more secure experience.
Perhaps most importantly, the update promotes reproducible builds, which allow users to compile identical binaries, fostering transparency and trust within the Bitcoin community.
Disclaimer: The content provided in this blog post is for informational purposes only and should not be considered financial advice. Cryptocurrencies are highly volatile, and investing in them carries significant risk. Always do your own research before making any investment decisions.
