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U.Today presents you with the top three news stories over the past day.
25,696,960 SHIB in merely hours — What's happening?
Data from Shibburn on-chain tracker shows that over the previous 24 hours, the Shiba Inu team has successfully burned a large amount of SHIB tokens, with the meme coin's burn rate staging a three-digit increase. According to the data, this major metric has surged by 116.76%. In total, 25,696,960 SHIB were sent to unspendable wallets, with six transactions contributing to this burn. The largest of those transactions carried 14,879,045 SHIB and 8,000,000 SHIB, plus three transfers moved around 1,000,000 SHIB each. The burning effort, however, does not seem to affect the SHIB price in any notable way. At press time, SHIB is changing hands at $0.00001291, up almost 3% over the past 24 hours.
Arman ShirinyanXRP price no longer trading at discount
Bitcoin and most altcoins, such as XRP, appear to be gradually recovering from long-term losses. Over the past week, XRP showed limited volatility as both retail and institutional buy-ups maintained a balance. Currently, XRP is trading at $2.14, up 1.21% over the past 24 hours, with no losses experienced over the past week. Following the asset's dip to $1.60 at one point last month, many investors were motivated to buy it at a discount. The general trend for XRP is changing; the coin's trading volume has jumped by 11.46% to $2.72 billion, signaling increased market interest and health. In addition to this, the potential launch of XRP spot and futures ETFs could have a positive impact on the asset's price as the ecosystem evolves following the recent Ripple v. U.S. SEC legal battle.
Tether mints 1,000,000,000 USDT on Tron
According to an X post by Whale Alert, yesterday, on April 21, Tether issued a massive amount of stablecoins, totaling 1,000,000,000 USDT. The stablecoins were minted on the Tron blockchain. Shortly after that, per the aforementioned source, 500,000,000 USDT was transferred from the Tether Treasury to HTX, an exchange that belongs to Tron founder Justin Sun. According to Lookonchain, since Jan. 29, 2025, Tether has minted 10,000,000,000 USDT. This liquidity injection is significant for the crypto market. Historically, such injections have preceded Bitcoin price surges as stablecoins provide more "dry powder" to the market, which investors are spending on BTC and other top digital assets.
Vladislav Sopov
Dan Burgin