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Worst Case Scenario for XRP Played Out, Binance CEO Confirms Commitment to Three Crucial Principles, Another Billion SHIB Suddenly Get Burned: Crypto News Digest by U.Today
In a shocking turn of events, the worst-case scenario for Ripple’s XRP token has seemingly played out. Despite this, Binance CEO Richard Teng has reaffirmed his commitment to three crucial principles that will shape the future of the exchange.
The first development comes from Shiba Inu, where another massive SHIB burn took place. According to reports, a staggering one billion SHIB tokens were burned in a single transaction, pushing the total burn rate for the week to an astonishing 57,069%. But what’s more interesting is that the same address responsible for this enormous transaction has also burned 700 BONE and LEASH tokens after unstaking them from ShibaSwap DEX.
The X account associated with CENT meme coin has taken credit for the massive SHIB burn, claiming they aim to burn even more SHIB. This sudden surge in SHIB burns raises questions about the token’s future prospects.
In a separate development, Binance CEO Richard Teng has reiterated his commitment to three crucial principles that will guide the exchange’s decisions moving forward. These principles include prioritizing customer security, ensuring fair competition among all players, and promoting sustainable and long-term growth.
Despite this dire news for XRP holders, Teng’s reaffirmation of these core values is a reassuring sign for the cryptocurrency community.
Source: https://u.today/worst-case-scenario-for-xrp-played-out-binance-ceo-confirms-commitment-to-three-crucial-principles
