Market Update: Bitcoin Buy Proposal, XRP Adoption Slows, and Unprecedented Shiba Inu Burns
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MicroStrategy’s Saylor Pitches $600 Million Bitcoin Buy to Jeff Bezos, Almost No New XRP Investors Coming, SHIB Burns Jump 936%: Crypto News Digest by U.Today
In a recent development that has sent shockwaves across the cryptocurrency market, Michael Saylor, the CEO of MicroStrategy, has reportedly pitched a proposal to Jeff Bezos, the founder of Amazon, to purchase $600 million worth of Bitcoin. This move could potentially have significant implications for the global financial landscape.
Meanwhile, Ripple’s stablecoin, RLUSD, has hit a new peak in terms of adoption and traction. According to the latest data, almost no new XRP investors are coming into the market, indicating that this trend is unlikely to reverse anytime soon.
In more surprising news, Shiba Inu (SHIB) has seen a staggering 936% surge in daily burns. Yesterday, December 23, an astonishing 6,690,287 SHIB coins were incinerated by the community, which marks a remarkable increase of over 900%. The two largest transactions accounted for 3,507,923 and 2,300,437 SHIB, respectively.
Despite this surge in burning activity, the weekly burn figures are currently negative, showing a nearly 60% decline. Unfortunately, this means that more than 62 million SHIB coins have been locked away in unspendable wallets over the past seven days.
As a result of these developments, the price of SHIB has seen an 8.05% increase to $0.00002303.
Source: u.today
