Crypto News Digest by U.Today
U.Today’s crypto news feed won’t let you miss any of the industry’s most important events!
U.Today presents you the top four news items of the past day.
3 Reasons Why Some Ethereum Whales Are Constantly Buying Shiba Inu Tokens
With daily announcements about the biggest addresses on the market buying billions of SHIB, it’s important to explain exactly why they do that. The first reason is whales’ desire to take over the asset’s circulation, with Shiba Inu remaining the largest USD-valued position among Ethereum whales. Second, SHIB has lost more than 70% of its value since the ATH, making the risk-reward ratio attractive to investors in the event of another rally. Third, SHIB has “meme potential,” meaning the asset could start a strong rally for no fundamental reasons.
James K. Filan: Here’s a possible timeline of XRP lawsuit briefings
According to CryptoLaw founder John Deaton, San Francisco-based company Ripple and the Securities and Exchange Commission are expected to file a joint planning proposal with Judge Torres today, April 22. , with answers before the end of June. However, attorney James K. Filan stated that a timeline for briefings in June may not be feasible. In his view, a more realistic timetable for summary judgments would be to open the briefings in July or August and then all briefings completed in October or November.
Cardano announces partnership to integrate on-chain KYC in compliance with regulatory requirements
Cardano’s commercial arm EMURGO recently announced its partnership with Blockpass to bring on-chain KYC on board in its bid for regulatory compliance. This partnership will allow Blockpass to add Cardano crypto addresses to the Blockpass app and provide on-chain KYC services for Cardano ecosystem projects, optimizing their KYC requirements. According to EMURGO, a substantial transition to a Web3 world is underway, with decentralized applications running and being created on Cardano’s blockchain technology, particularly in the DeFi and NFT space.
Shiba Inu developer reports 300 Welly franchise requests and more
After Shiba Inu announced its partnership with Italian fast food restaurant Welly’s, many entrepreneurs have expressed their interest in a crypto-friendly establishment. In his recent tweet, SHIB lead developer Shytoshi Kusama shared that Shiba Inu-themed restaurant Welly’s has received more than 300 franchise applications submitted by SHIB military members to enable Welly’s restaurant’s debut in their country.
Meanwhile, one of the largest ETH whales, named “Bombur”, with over 749 billion SHIB, has added another 50 billion SHIB to its holdings.