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XRP Transactions Skyrocket to 2 Million, Coinbase Sees Mysterious Withdrawal of Billions of SHIB, SEC Drops Case Against Consensys: Crypto News Digest by U.Today
In a whirlwind of exciting and unexpected developments in the crypto space, CEO Joseph Lubin has announced that the SEC has agreed in principle to drop the lawsuit against ConsenSys, the software developer behind the Metamask wallet. This decision comes as a surprise, considering the regulatory agency’s previous stance on cryptocurrencies.
According to reports, the SEC claimed that ConsenSys’ Metamask wallet was functioning as an unregistered broker, but it appears that the two parties have reached a mutually beneficial agreement. Lubin has stated that the SEC is set to file a stipulation with the court that will effectively close the case, marking a significant victory for ConsenSys.
Meanwhile, Coinbase has reported a mysterious withdrawal of billions of Shiba Inu (SHIB) coins from its platform. The sudden and unexplained outflow has left many in the crypto community scratching their heads, as SHIB’s value has been relatively stable over the past few days.
In other news, XRP transactions have skyrocketed to 2 million, a staggering increase that has raised eyebrows among market analysts. While no concrete explanation has been provided for this surge, many are speculating about potential uses cases or applications of the token.
As always, we’ll keep you updated with any further developments in these stories and bring you fresh insights from the crypto world.
