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PEPE Beats SHIB in Trading Volume, Cardano's Hoskinson Built 'Nothing' for Ethereum, John Deaton Reacts to Coinbase's Response to SEC: Crypto News Digest by U.Today

Mon, 05/01/2023 - 16:15
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Valeria Blokhina
Let’s see what crypto news the last few days of April have brought with U.Today’s news digest
PEPE Beats SHIB in Trading Volume, Cardano's Hoskinson Built 'Nothing' for Ethereum, John Deaton Reacts to Coinbase's Response to SEC: Crypto News Digest by U.Today
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Here are the top four news stories over the past weekend presented to you by U.Today, check them out!

Pepe (PEPE) surpasses Shiba Inu (SHIB) in trading volume

Data provided by CoinGecko shows that yesterday, Shiba Inu (SHIB) was left behind by Pepe (PEPE) token in terms of daily trading volume. In comparison, PEPE's 24-hour trading volume comprised $93.9 million, while SHIB reported a trading volume of $69 million. This happened at the same time as PEPE's spike in price by 67%. Such significant progress by PEPE implies a shift in the crypto community as it overtakes the once-popular darling of meme coin fans. At the moment, Pepe's market capitalization has surpassed $523 million.

SHIB Burn Rate Soars 384% As Shiba Inu on Brink of Adding New Zero

Cardano's Hoskinson built "nothing" for Ethereum, Vogelsteller claims

In response to a two-year-old tweet with a picture showing Ethereum Foundation members who created their own blockchain, ETH co-founder Fabian Vogelsteller decided to share his own take on the matter. While the picture shows Charles Hoskinson among ETH Foundation members, Vogelsteller claims that the Cardano creator "was never really a founder of Ethereum" and that he "built literally nothing for Ethereum" that he is aware of. In Vogelsteller's opinion, the only true founders of Ethereum are Gavin Wood, Polkadot's creator, and himself, alongside Vitalik Buterin.

Big Game Coming to Cardano

XRP holders' lawyer reacts to Coinbase's response to SEC

In a recent tweet, founder of CryptoLaw and pro-crypto advocate John Deaton expressed praise for Coinbase's response to the SEC. He stated that this is a perfect example of how to demonstrate firmness in one's beliefs, while extending the olive branch of dialogue and cooperation at the same time. In the response, Coinbase CEO Brian Armstrong and General Counsel Paul Grewal stated that the exchange will defend itself in court against any legal action taken by the SEC. They also expressed a desire for clarity in regulating the crypto industry through cooperation and dialogue.

6.4 trillion Shiba Inu (SHIB) bought in one week — but is there a catch?

Per IntoTheBlock's data, during the past week, large crypto market participants acquired more than 6.4 trillion SHIB tokens, with Wednesday being the most active day and 1.39 trillion SHIB purchased. The number of big buyers' addresses in Shiba Inu stands at 124. However, the situation around Shiba Inu is not as smooth as might seem at first, as the number of SHIB sold is 100 billion more than what was bought, comprising 6.5 trillion tokens. The number of big sellers' addresses has also surpassed those of big buyers and stands at 149.

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About the author

Valeria is the community manager at U.Today. She is a crypto enthusiast and believes that cryptocurrency is the future of finance. Currently, Valeria covers the latest news in the world of crypto and blockchain.