U.Today presents the top four crypto news stories over the past day.
Elon Musk's intriguing tweet draws attention of Dogecoin army: details
Hardly a day has gone by in which Elon Musk has not amused his Twitter followers with various sorts of posts, whether it be a crypto-related meme or showing support for this or that asset. This time, the Tesla CEO took to his favorite social media platform to share his excitement about the times he lives in, with a tweet stating “Fun times.” Musk’s post is accompanied by a star-eyed emoji, which is likely a hint at the source of his excitement, the upcoming launch of Starship, a rocket that could potentially carry humans or cargo to Mars. However, Elon Musk’s followers, the Dogecoin army in particular, had their own suggestions regarding the meaning of this message. Many DOGE enthusiasts in the comments section assumed that Musk was talking about their beloved meme coin being adopted by Twitter. Yet, no comments followed from the centibillionaire in this regard.
XRP and Cardano (ADA) global acceptance goes next level thanks to this partnership
In a recent announcement on its official website, Binance shared that it has partnered with CoinGate, a fintech company that offers crypto payment processing services. From now on, Binance Pay users are able to make crypto payments with most CoinGate-powered merchants, while CoinGate merchants can allow for Binance Pay payments at checkout and will have the feature enabled by default. Even though Binance’s payment service supports almost 80 cryptocurrencies, Cardano (ADA) and XRP are two of the most loved among the community. The partnership will increase their global acceptance, solidifying their position as popular crypto options.
2.84 trillion SHIB bought in 24 hours as bulls overtake bears
Per data provided by IntoTheBlock, yesterday, 2.84 trillion Shiba Inu tokens were bought. It might not seem like that big of a deal, but if we compare it to the volume of SHIB tokens sold, it presents us with an interesting picture: there were 203.22 billion more SHIB bought than sold. In addition to this, since Sunday, the volume of purchases of Shiba Inu tokens has exceeded sales by 407.81 billion SHIB. At the moment, there is an equal number of bullish and bearish addresses, with 20 large wallets trading more than 1% of the total SHIB volume on each side. However, for the past week, the cumulative number of large sellers exceeds that of buyers, by 141 vs. 130. It can be concluded that there is a persistent struggle going on between buyers and sellers around SHIB right now.