Ripple Opposes SEC’s Request for Time Extension, Robinhood Sees Potential in NFTs, Whale Buys 51 Billion SHIB: Crypto News Digest by U.Today
U.Today presents you with the top four news stories over the past day.
Ripple opposes SEC’s request for time extension
Ripple top executives, CEO Brad Garlinghouse and co-founder Chris Larsen, have addressed Magistrate Judge Sarah Netburn, arguing that the SEC’s most recent request for yet another extension of time should be denied. On March 21, the regulator asked the court to allow a “brief extension” to inform the court about its intentions to conduct any additional discovery. However, the defendants argue that the SEC has delayed the resolution of the case “long enough,” adding that “nothing” should delay Ripple from moving to summary judgment.
Tomiwabold OlajideRobinhood sees a lot of potential in NFTs
In a recent interview with The Verge, Robinhood chief product officer Aparna Chennapragada shared that she is "fascinated" by non-fungible tokens. She added that she sees "a lot of potential" when it comes to NFTs and mentioned a blockchain-based NFT game, Axie Infinity, as an example of a successful project powered by the new technology.
Chennapragada, however, did not specify what role the technology could play in the Robinhood ecosystem, saying that some of the use cases of NFTs may be far-fetched.
Alex Dovbnya51 billion SHIB shoveled by whales following massive buying spree on market
WhaleStats data demonstrates that the fourth biggest wallet on the Ethereum blockchain, known as "Tsunade," purchased 51.4 billion Shiba Inu tokens, which equals $1.19 billion in fiat. Since the end of February, the whale has almost doubled his or her holdings, with Shiba Inu remaining the wallet’s most actively traded asset.
Meanwhile, SHIB entered the descending triangle pattern, which should cause a volatility spike once the asset breaks through one of the borders of the formation. The asset is changing hands at $0.00002383, as per CoinMarketCap data.
Yuri MolchanAnonymous whale suddenly closes $120 million Bitcoin short on market
As reported by TradingView, an anonymous whale closed a massive $120 million Bitcoin short after minor movement of the flagship crypto. A few moments later, the BTC price surged to the high of $43,000. Some users speculate that the big short was removed with the help of insider information about market movements.
At the moment, Bitcoin is trading at $42,276, according to CoinMarketCap.
Related articles
Gamza Khanzadaev
Godfrey Benjamin
Dan Burgin
U.Today Editorial Team
Vladislav Sopov