SHIB Price Takes U-Turn as Shytoshi Kusama Unveils Epic Teaser, 360 Million XRP Bought by Whales, Fidelity Refiles for Spot Bitcoin ETF: Crypto News Digest by U.Today – U.Today

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Take a look at the most important crypto events with U.Today’s top three news stories.
Yesterday, on June 29, Shiba Inu token’s price demonstrated a rebound of 1.5% after dropping by almost 5% the day before. The reason behind SHIB’s recovery lies in a teaser video posted by Shiba Inu lead Shytoshi Kusama on his official Twitter handle. Kusama captivated the attention of the SHIB community by accompanying the video release with a cryptic statement: “Wen is so last year. The real question is… Where?” Following the publication, the Shiba Inu token showcased intriguing price action. At the moment of writing, the meme token is changing hands at $0.000007388, per CoinMarketCap.

Shiba Inu’s Shibarium Hits Two Big Milestones at Go: Details

According to a recent tweet by crypto analyst Ali Martinez, XRP whales have been spotted buying the dip as they added 360 million XRP to their bags after the token’s price dropped by 12% from June 22 to June 28. The worth of XRP purchased by whales is estimated at $170 million. On June 22, XRP jumped to $0.52, but this turned out to be a trap for long positions as the XRP price reversed subsequently. The token then plunged below the $0.486 level, representing the daily MA 50. On June 28, the moment came for XRP dip buyers as the price dipped to lows of $0.464. Before continuing further upward, XRP must confirm the daily MA 50 barrier at $0.486 as support. In this situation, XRP might retest highs near $0.52.
As recently reported by Eric Balchunas, senior ETF analyst for Bloomberg, Fidelity has officially refiled for a spot Bitcoin ETF under the “Wise Origin Bitcoin Trust” name. This move is the most recent evidence of how traditional finance is embracing cryptocurrencies. Balchunas notes that the filing looks similar to those of investment titans BlackRock and Ark Invest. The Surveillance Sharing Agreement (SSA) wording resembles the SSA language in ARK’s filings and also appears to be present in BlackRock’s submission. This suggests a coalescing of strategies by these large institutional players around a set template that may be more likely to win approval from the SEC.
Valeria is the community manager at U.Today. She is a crypto enthusiast and believes that cryptocurrency is the future of finance. Currently, Valeria covers the latest news in the world of crypto and blockchain.
Disclaimer: The opinions expressed here are not investment advice; they are provided for informational purposes only. The opinions expressed by our writers are their own and do not represent the views of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. We do not recommend investing money you cannot afford to lose.


About the author

Anand Narayanaswamy

Anand Narayanaswamy

Anand is a seasoned journalist with over 15 years of experience in technology reporting. He holds a Master's degree in Computer Science and has worked with several leading tech publications. Anand oversees the editorial direction of The Hoops News, ensuring that the content meets the highest standards of journalism. In his free time, he enjoys reading about quantum computing and playing chess.