Crypto News Digest by U.Today
U.Today’s news feed keeps you up to date with the latest happenings in the crypto industry
Is Justin Sun’s ETH Trade a “Bearish Signal?” How many SHIB coins does the SHIB army need to destroy to reach their goal? Read U.Today’s top four news stories to find out.
Tron founder Justin Sun sends $55 million worth of ETH to Binance
According to data shared by crypto journalist Colin Wu, a massive Ethereum transaction took place on the Binance crypto exchange on March 2. A total of 19,000 ETH worth a staggering $55 million was moved to Binance by Justin Sun, the founder of Tron. This caused some crypto community members to speculate that this transaction would send an alarming signal to Ethereum bulls, noting that Sun could be “talking bullish on Twitter while coins are unloading in the background”.
Steven Cooper Says How Much SHIB Should Be Destroyed by SHIB Burners
In his recent tweet, Bigger Entertainment boss Steven Cooper – one of the biggest “SHIB burners” – announced how many dog coins the SHIB community has to destroy to drive the price up. He wrote that the efforts of the SHIB army should be aimed at reducing the stock of meme tokens by 10%. Cooper also hopes that the SHIB developer team will join them and destroy 20% of SHIB or even more.
Bitcoin is about to break the chain of positive difficulty adjustments as the price rally stops
Yesterday, data from BTC.com showed that Bitcoin’s mining difficulty would drop 1.62%, marking the end of its impressive streak of six consecutive positive adjustments. Bitcoin’s hashrate is down about 12% from its peak of 214.6 EH/s on Feb. 12, to 27.9 trillion on Feb. 17. Meanwhile, the flagship crypto has lost 4.24% of its value in the past 24 hours and is currently trading at $40,778. , according to CoinMarketCap.
442.6 Billion SHIB Bought By Big ETH Whale “Gimli”, Now He Owns 1 Trillion SHIB
According to a recent tweet from WhaleStats, one of the largest Ethereum whales, named “Gimli” after a dwarf from “Lord of the Rings”, has bought an astonishing amount of SHIB. The purchase includes 442,637,867,858 SHIB, which is $11,561,701 in fiat equivalent. According to this wallet’s webpage, “Gimli” now has a staggering trillion SHIB worth $38,184,560. Whale’s other assets mainly include tokens related to Metaverses: TESLA, TIKTOK, McDonald’s, Windows, Walmart, as well as Twitter DAO, SWIFT, DAO, etc.