Crypto News Digest By U.Today By U.Today
U.Today – Here are the top three news stories from U.Today over the past day.
The community has received an important warning about the new threat: details
XRPScan, the popular XRP Ledger Explorer, recently issued an important warning to the XRP community on the X platform. The warning concerns speculation about the XRP token being linked to the US Treasury. The platform urged users to exercise caution and “conduct their own due diligence before trusting, buying or selling tokens on a public ledger.” XRPScan emphasizes that, like any public blockchain, anyone can create an account on the XRP Ledger and configure the fields to their liking, and browsers act as independent platforms that do not censor data unless absolutely necessary. Given these concerns, XRPScan flagged the suspect account as a temporary measure of spam.
The CEO of BlackRock (NYSE: ) suggests that the price could be as high as $700,000
In an interview with Bloomberg’s Francine Laqua at Bloomberg House in Davos, BlackRock CEO Larry Fink revealed that bitcoin’s price could rise to $700,000 with broader institutional adoption. Fink shared insights from a recent conversation with a sovereign wealth fund. The fund asked BlackRock’s boss whether it should have a 2% allocation or a 5% allocation. “If everybody accepts this speech, it will be $500,000, $600,000, $700,000 in Bitcoin…I’m not promoting it by the way. That’s not my promotion,” he said. As previously reported by U.Today, Fink argued that bitcoin could serve as an alternative to gold, as well as a hedge against currency crashes and political instability. According to SoSoValue, BlackRock’s iShares Bitcoin Trust ETF now exceeds $60 billion in net assets.
SHIB 5,785% burned the sky
According to Shiburn’s latest data, the SHIB community has disposed of more than 3.2 million SHIB tokens in the last 24 hours. Thanks to their actions, the dog-face meme crypto burning rate increased by 5,785%. However, despite this sharp increase in burn activity, SHIB’s price has remained relatively stagnant. Last week, the total SHIB destruction rate reached 63.3 million tokens, although compared to the previous week, the burning rate decreased by 6.81%. On January 21, SHIB experienced a temporary price increase of 7.71%, reaching $0.00002126, but then declined by 3.85% to $0.00002043. This price fluctuation seems to be linked to the movements of Bitcoin, which reached recent highs before showing a decline. Earlier today, SHIB lost the critical level of $0.00002, but the token finally managed to regain it, currently at $0.00002035, according to CoinMarketCap.