XRP and Shiba Inu (SHIB) Steal Spotlight With Jaw-Dropping Mysterious Transfers

Crypto watchdog Whale Alert has detected some unusual activity in the last 24 hours involving significant movements of popular cryptocurrencies, with a particular focus on XRP and Shiba Inu (SHIB).

Timeline of Shiba-inu, Xrp

In a stunning turn of events, the Shiba Inu token (SHIB) ecosystem has been shaken to its core as an unprecedented surge in substantial on-chain transactions has taken center stage. IntoTheBlock, a renowned blockchain data provider, unveiled the astonishing news of a jaw-dropping 335% surge in large transactions valued at $100,000 or more.

Amidst ongoing speculation surrounding a potential resolution between Ripple and the United States Securities and Exchange Commission (SEC), attorney John Deaton, who is representing a substantial number of XRP token holders, has outlined the possible courses of action that the two parties might take should they decide to settle their legal dispute which is shaped

In a recent legal twist, Ripple's legal representatives retaliated against the United States Securities and Exchange Commission (SEC), calling the regulator's appeal request in their continuing lawsuit invalid.

While preparations are underway for the Ripple Proper Party, the XRP holder community is wondering if the company will make any big announcement. The party is an official celebration of the company's partial victory in the U.S. Securities and Exchange Commission (SEC) lawsuit, in which the Judge ruled the programmatic sale of the token to

Ripple Labs has filed its opposition to the U.S. Securities and Exchange Commission's request for Judge Analisa Torres to certify an interlocutory appeal of her ruling regarding XRP. The crypto firm has argued that “the exceptional circumstances required for interlocutory appeal are absent.

With new functionality supported by the Mumbai-headquartered bank, the adoption of Digital Indian Rupee (INR) will be accelerated in both private and corporate finances. Users will even be able to authorize operations with Digital INR through a QR-code.

On 31 August 2023, John Deaton, a prominent, highly-respected attorney closely monitoring the U.S. SEC's lawsuit against FinTech firm Ripple, attacked former hedge fund manager Jim Cramer's claim (during an episode of CNBC's “Mad Money”) that the public knows nothing about XRP.

The United States may be very close to finally getting a Spot Bitcoin ETF, following the latest development, which marks yet another setback for the US Securities and Exchange Commission (SEC). In June 2022, the SEC rejected Grayscale's application to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF.

Whale Alert, the renowned crypto tracking platform, has flagged a significant XRP transaction. A whopping 66,666,659 XRP, valued at about $33,065,809, moved from Binance to an unknown wallet.

The total number of wallets interacting with Shiba Inu's layer2 network, Shibarium, crossed the 1 million mark earlier today, less than a week after the mainnet bridge began functioning optimally.