XRP Adoption Soars With Ripple's New Partnership in Portugal and Brazil, 151,000,000,000 SHIB From Coinbase Withdrawn into Unknown: Crypto News Digest by U.Today
2025-02-11
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U.Today has prepared the top three news stories over the past day.
XRP rockets in adoption with Ripple's new partnership in Portugal and Brazil
As stated in Ripple's recent press release, the company expanded its presence in Europe through a new partnership with Unicâmbio, a Portuguese currency exchange provider. The collaboration aims to support crypto-enabled cross-border payments between Portugal and Brazil using Ripple Payments, which will allow Unicâmbio’s corporate customers to make faster transactions without excessive fees or long wait times. Given the strong economic and cultural ties between the two countries, the partnership promises to streamline and improve the efficiency of money transfers. The collaboration plays a big role for XRP, as every new partnership is another step toward the asset's mainstream adoption. As a reminder, XRP provides liquidity and settlement in Ripple’s payments infrastructure, ensuring seamless movement of funds.
151,000,000,000 Shiba Inu SHIBUSD from Coinbase withdrawn into unknown
The price of Shiba Inu has been relatively stagnant, trading within a narrow range of $0.000017 to $0.00001475. Despite this lack of price action, the activity was spotted in the on-chain space; according to data from Arkham Intelligence, an unknown wallet associated with the address "0xB7e09" withdrew nearly 151.61 billion SHIB from Coinbase in a five-day period. The total value of the withdrawn tokens stands at an impressive $2.41 million. The wallet lacks prior activity with the Shiba Inu token, and all withdrawals originate from the Coinbase address in question, suggesting it may belong to the exchange. If this is the case, the activity could simply reflect internal operations. However, if not, it may indicate significant SHIB accumulation by a large investor.
$642 million worth of Bitcoin stun major US exchange Kraken
According to data provided by Whale Alert, yesterday, Feb. 10, over $641.8 million worth of Bitcoin were transferred in three transactions. These transactions involved a withdrawal of approximately $193.5 million (2,000 BTC) from U.S.-based exchange Kraken to an anonymous wallet, alongside two deposits back to Kraken (2,164 BTC and 2,500 BTC) totaling $448.4 million. Meanwhile, financial expert and author of "Rich Dad Poor Dad" Robert Kiyosaki recently announced his purchase of Bitcoin during its current dip, explaining his motives by stating that "owning gold and Bitcoin is smarter and safer than saving dollars." However, Kiyosaki did not reveal the exact amount of BTC he had purchased. Besides, per Glassnode data, retail investors have accelerated their Bitcoin purchases, acquiring BTC at a rate 72% faster than before. As of December, they have been stacking 10,627 BTC per day compared to 6,177 BTC prior to that.