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XRP Adoption Soars With Ripple’s New Partnership in Portugal and Brazil, 151,000,000,000 SHIB From Coinbase Withdrawn into Unknown: Crypto News Digest
The price of Shiba Inu has been relatively stagnant, trading within a narrow range of $0.000017 to $0.00001475. Despite this lack of price action, the activity was spotted in the on-chain space; according to data from Arkham Intelligence, an unknown wallet associated with the address “0xB7e09” withdrew nearly 151.61 billion SHIB from Coinbase in a five-day period. The total value of the withdrawn tokens stands at an impressive $2.41 million.
The wallet lacks prior activity with the Shiba Inu token, and all withdrawals originate from the Coinbase address in question, suggesting it may belong to the exchange. If this is the case, the activity could simply reflect internal operations. However, if not, it may indicate significant SHIB accumulation by a large investor.
Meanwhile, Ripple’s XRP adoption has seen an incredible surge with its new partnership in Portugal and Brazil. As per recent reports, Ripple has partnered with local financial institutions to promote cross-border payments and facilitate the growth of digital assets.
This collaboration is expected to bring about substantial advancements for the XRP ecosystem, potentially propelling the asset’s value in the near future.
In other news, Whale Alert reported a massive Bitcoin transfer worth $641.8 million on February 10th. The transaction involved three transactions: one withdrawal of approximately $193.5 million (2,000 BTC) from U.S.-based exchange Kraken to an anonymous wallet, and two deposits back to Kraken totaling $448.4 million.
On a separate note, financial expert Robert Kiyosaki has recently announced his purchase of Bitcoin during the current dip, citing that “owning gold and Bitcoin is smarter and safer than saving dollars.” However, he did not reveal the exact amount of BTC he had purchased.
It’s worth noting that Glassnode data suggests retail investors have accelerated their Bitcoin purchases, acquiring BTC at a rate 72% faster than before. As of December, they have been stacking 10,627 BTC per day compared to 6,177 BTC prior to that.
Stay tuned for more updates in the crypto space!
Source: u.today
