Binance Stunned by $2 Billion DOGE Withdrawal
A staggering 4,999,999,999 DOGE withdrawal has left Binance, the world’s largest cryptocurrency exchange by trading volume, reeling. According to a Dec. 16 post by blockchain tracker Whale Alert, the withdrawal, valued at over $2 billion, was sent to an undisclosed wallet. The recipient wallet, ending in AguBr5, now holds 5,565,060,612 DOGE—equivalent to $2.22 billion at the time of the transaction.
The Dogecoin community has been abuzz with speculation regarding the transfer, with some theorizing it could be an internal Binance transaction. However, blockchain data offers no confirmation. The unprecedented size of the transaction has raised questions about its purpose, sparking intrigue and concern across the crypto sector.
Shiba Inu Battles Key Support Level at 13 Trillion SHIB
Shiba Inu is approaching a crucial support level at 13 trillion SHIB, a juncture that could determine the token’s price trajectory. If bulls fail to defend this support, SHIB risks slipping below $0.00002249 or even $0.00002031. This follows its inability to maintain levels above $0.00002800, signaling waning bullish momentum.
Adding to the challenge, Shiba Inu has seen a sharp decline in trading volume, suggesting reduced interest from both buyers and sellers. Analysts caution that the 13 trillion SHIB level represents a pivotal battleground. A breach could trigger further price declines, while a rebound could propel SHIB toward the $0.00003000 resistance mark. For now, the market watches closely as bulls and bears vie for control.
Ripple’s RLUSD Stablecoin Lauded by Cardano Founder
Ripple’s RLUSD stablecoin is making waves in the cryptocurrency space, earning high praise from Charles Hoskinson, the founder of Cardano. In a recent social media post, Hoskinson hailed RLUSD as “awesome” and hinted at plans to integrate it into the Cardano blockchain.
RLUSD launched last week after receiving approval from the New York State Department of Financial Services, and it is now live on both the XRP Ledger and Ethereum. Within two weeks, $66 million worth of RLUSD tokens have been minted, underscoring its growing popularity.
Ripple’s leadership, including President Monica Long, has highlighted RLUSD’s potential applications in areas such as decentralized finance (DeFi), instant settlements, and collateralization. Long described the launch as a “milestone” for Ripple and the broader XRP Ledger ecosystem.
As RLUSD gains traction, it marks another significant step in Ripple’s efforts to redefine the utility and adoption of stablecoins in the digital economy.
This trio of developments underscores the dynamic nature of the cryptocurrency market, where massive transactions, pivotal price levels, and innovation in stablecoins continue to shape the industry’s narrative.
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