XRP Ledger has taken action to increase the fee structure for developers. XRP Coin thus aims to increase transparency. Shytoshi Kusama, leader of the popular meme coin Shiba Inu, addressed the community. Meanwhile, while Galaxy Digital withdraws ETH from Deribit, Wintermute accumulates ARB to Binance. And more….
Hot developments for XRP Coin, SHIB, ETH and these 4 altcoins!
Ripple (XRP Coin) deepens transparency with this feature
XRP Ledger (XRPL) has taken action to increase the fee structure for developers. Accordingly, it has added a base rate display feature via its main explorer XRPScan. Thus, this new feature is on its way to increasing transparency. According to a post by XRPScan, explorer users will now be able to view the base transaction fee on-chain. XRPLF Advisor Dr. Following J. Scott Branson’s comment, XRPScan added this feature.
Branson emphasized that XRP Ledger’s base transaction fee is very low based on the amount of overhead required to process transactions. Branson’s point about the low fee cost on the XRP Ledger also extends to the cost requirements for storing XRP Coin transactions on-chain. He claimed that the trading volume on the XRP Ledger is evidence that many people are benefiting from the lower transaction cost on the network compared to their peers. By its design, XRPL aims to facilitate large-scale transactions bordering on payments and cross-border settlements.
Shiba Inu leader shares 2024 goodwill message for SHIB holders
Shytoshi Kusama, leader of the popular dog-themed cryptocurrency Shiba Inu, addressed the community. Thus, Kusama started 2024 with a positive and uplifting message. In her New Year goodwill message written in Japanese, Kusama conveyed her wishes to the Shiba Inu community. He also offered his goodwill to the Japanese community considering recent events in the country. The Shiba Inu leader shared the following:
Happy new year. I sincerely hope everyone has a healthy new year. At the same time, I offer my deepest condolences to everyone affected by this devastating earthquake in Japan and sincerely pray for their speedy recovery. May this new year be filled with hope and peace, overcoming difficulties.
A whale sold Maker (MKR) at a profit on Coinbase
According to tracking by blockchain analyst ai_9684xtpa, a whale recently transferred 1607 MKR (about $2.76 million) to Coinbase. By selling the tokens, the whale made a profit of $358,000.
Orbit Chain requests freezing of stolen assets
cryptokoin.comAs you follow from , Orbit Chain recently fell victim to hackers. In a recent development, Orbit Chain has released an update regarding the theft. In this update, he stated that the team has requested major global cryptocurrency exchanges to freeze stolen assets. They are working with global security experts, including Theori, to respond to the issue in real time and track the funds. They are also discussing closer cooperation with 26 global security companies. In addition, they maintain close contact with law enforcement to track down and freeze stolen assets.
The associated address of digital bank Revolut holds 25,800 TRB
Over the last 40 minutes, digital bank Revolut transferred 3,884 TRB (worth approximately $820,000) from an address associated with Coinbase at a price of $212, observed on-chain analyst ai_9684xtpa. This address has been trading TRB since March 2023. Additionally, he previously transferred 106,000 tokens from a trading platform at an average price of $22. From August to December 2023, it sold 80,000 tokens at an average price of $53. It currently holds 25,800 TRB with a variable profit of $4.94 million.
Galaxy Digital withdrew 3236 ETH from Deribit
On-chain analytics platform The Data Nerd shared that an address tagged “Galaxy Digital: OTC” attracted 3,236 ETH (approximately $7.44 million) from Deribit. It also reported that the same address deposited 40 million USDC to OKX.
Wintermute transferred 3.27 million ARB to Binance
Wintermute recently transferred a total of 3.27 million ARB to Binance, on-chain analytics platform The Data Nerd reported. This pile amounts to approximately $5.14 million at current prices.
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