Take a look at what's happening in the world of crypto by reading U.Today's top three news stories.
Shiba Inu (SHIB) coming to Canada with major partnership
Shiba Inu's official Twitter handle has recently announced that it is heading to Toronto, Canada, in collaboration with Welly, a unique fast-food chain. The duo is joining forces to take part in ETHToronto, the official hackathon of the Blockchain Futurist Conference that is scheduled for Aug. 13-17, 2023. The collaboration is expected to provide Shiba Inu with an exceptional networking platform, enabling it to reach a larger audience and possible investors. Meanwhile, SHIB continues to struggle with market fluctuations and is currently changing hands at $0.000007868, per CoinMarketCap data.
XRP tops $0.8 after major price spike
According to data provided by CoinGecko, the price of XRP token saw a significant increase to $0.80, spiking more than 7%. The spike follows the key court decision regarding Ripple, as the judge ruled not to classify all sales of XRP as securities, signifying a major legal victory for the San Francisco-based company. However, even with such an impressive price surge, XRP is still far from its all-time high of $3.40 reached in January 2018. Also, it is worth noting that the overall verdict remains unresolved.
Dormant SHIB wallet awakens to help burn 113 million Shiba Inu: Details
Yesterday, as reported by the Shibburn platform, the SHIB community managed to incinerate more than 112.9 million SHIB. These burns have pushed the burn rate up 392.27%. The largest lump of the destroyed SHIB tokens was sent to a dead-end wallet by an anonymous whale who remained dormant for around 2.2 years. The transaction carried 77,524,940 SHIB. According to another source of SHIB burn data, CryptEye, over the past month, the SHIB army has gotten rid of 1,969,636,885.18 meme coins. Within the last half a year, it has destroyed 26,457,627,807.82 SHIB.