XRP Might Be Game-Changing Token, Per NBA Legend Pippen; Ex-Binance CZ Issues Crucial BTC Warning, Michael Saylor Responds; 144.5 Billion SHIB in Single Hour: Crypto News Digest by U.Today
2024-12-12
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Here are the top three news stories over the past day presented to you by U.Today.
XRP might be game-changing token, according to NBA legend Pippen
Scottie Pippen, legendary basketball player known for winning six NBA championships with the Chicago Bulls in the 90s, recently asked his X followers a crypto-related question. Pippen was wondering which of the top two digital assets, Ethereum or Ripple-affiliated token XRP, is going to be a game-changer in 2025. "ETH vs. XRP… Who's changing the game in 2025?" he wrote in his X post. It remains unknown what caused Pippen's increasing interest in cryptocurrencies. As a reminder, back in 2022, he joined a wider trend among celebrities involved in NFTs. Earlier this year, Pippen suddenly started posting unusual Bitcoin price predictions on social media, stating that Satoshi himself had shared those predictions in his dreams. As reported by U.Today, Pippen claimed that Satoshi informed him Bitcoin would reach $84,000 by early November, and this prediction turned out to be surprisingly accurate.
Ex-Binance CZ issues crucial Bitcoin warning, Michael Saylor responds
Former Binance CEO Changpeng Zhao (also known as CZ) has issued a significant warning regarding Bitcoin on his X page. CZ highlighted the king crypto's limited supply of 21 million coins as programmed by its creator, Satoshi Nakamoto, stating that approximately 19.8 million Bitcoins have already been mined. "Controlled by math," wrote CZ in conclusion of his post, hinting that in this regard, BTC surpasses fiat currencies, as no central bank could ever mint additional Bitcoins once the total supply reaches 21 million. This post by the former Binance CEO caught the attention of Michael Saylor, founder of MicroStrategy and vocal Bitcoin advocate. Saylor responded to CZ's statement by echoing the urgency of the limited Bitcoin supply; in his comment, he wrote “Running (out of) #Bitcoin.” Meanwhile, this Monday, Saylor’s company, MicroStrategy, made a substantial acquisition of Bitcoin, purchasing 21,550 BTC for $2.1 billion, bringing its total holdings to 423,650 Bitcoins valued at over $41 billion.
144.5 billion SHIB in single hour – What's happening?
According to a recent report by Spotonchain X account, a notable crypto whale has acquired nearly 150 billion SHIB tokens. Earlier this year, this investor already realized significant profits from Shiba Inu, and he seems to have decided to return to the asset as a strategic investment again. In addition to SHIB, the whale purchased several hundred billion PEPE tokens and half a million NEIRO tokens, spending a total of $12.8 million in DAI stablecoins on this extensive acquisition. The transaction occurred within a single hour using nine different digital wallets, and the whale currently retains just over $7 million in DAI, indicating that their buying activity is likely ongoing. On March 31 this year, the same entity had sold 533.6 billion SHIB, yielding a profit of $8.24 million in less than a month.