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SHIB Partners with Welly’s, PayPal Shares’ Plunge May Hurt BTC, Ripple ODL Platforms Get 40 Million XRP: Crypto News Digest by U.Today

Fri, 02/04/2022 - 15:29
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Valeria Blokhina
Only the latest crypto news and updates in U.Today’s news digest!
SHIB Partners with Welly’s, PayPal Shares’ Plunge May Hurt BTC, Ripple ODL Platforms Get 40 Million XRP: Crypto News Digest by U.Today
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U.Today has prepared the top four news stories over the past day.

Shiba Inu now has its own fast food chain

Shiba Inu has scored yet another partnership, to the delight of its vibrant community. This time, according to a recent post by SHIB dev Shytoshi Kusama, Shiba Inu teamed up with Welly’s, an Italian fast food restaurant. As part of the partnership, Welly’s conducted a full rebrand, making the Shiba Inu dog its new mascot and adjusting its menu and marketing strategy. The customers at Welly’s will also be able to use the SHIB token as a means of payment.

McDonald's Responds to Elon Musk’s Request to Accept Dogecoin

Here’s why Bitcoin may get hurt by PayPal shares dropping 25%

Peter Schiff, CEO of Euro Pacific Capital and vocal Bitcoin critic, believes that the 25% plunge of the PayPal share price may be negative for BTC. He tweeted that PayPal is deep in the crypto ecosystem and one of the top choices for people who seek to invest in established stocks that have high chances of rising along with crypto. But now, Bitcoin and other cryptocurrencies are dropping in value, with BTC currently changing hands at $37,696 on CoinMarketCap.

Ripple ODL platforms receive 40 million XRP from anon wallet

Whale Alert has detected two XRP transactions made by an anonymous wallet. Both of them carried 20 million coins to Bitso and Bitstamp crypto exchanges, which collaborate with Ripple as providers of On-Demand Liquidity services for their regions: Latin America and Europe. Later on, analytics platform Bithomp, which deals with XRP transfers, has revealed that this anon address belongs to the U.S.-based Bittrex crypto exchange.

Shiba Inu whale with five trillion tokens expands holdings

WhaleStats data shows that a crypto whale ranked 30th among the top 1,000 ETH wallets has purchased a whopping 2,810,227 POLY, which equals $1,170,285 in fiat. However, the largest token holding of the whale remains Shiba Inu. According to WhaleStats, the anonymous investor owns five trillion SHIB, or $94,180,784.

POLY sits in 144th place on CoinMarketCap, trading at $0.4261 at the time of writing.

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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.