Here are the top three news stories
XRP Community Receives Important Warning About New Threat: Details
XRPScan, a popular XRP Ledger explorer, has recently issued an important warning to the XRP community on the X platform. The warning concerns speculation regarding an XRP account allegedly linked to the US Treasury. The platform urged users to exercise caution and “conduct their own due diligence before trusting, purchasing, or selling tokens on the public ledger.” XRPScan emphasized that like any public blockchain, anyone can create an account on the XRP Ledger and set fields as they wish, and that explorers serve as neutral platforms that do not censor information unless absolutely necessary. In light of these concerns, XRPScan flagged the suspicious account as spam as a temporary measure.
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The CEO of BlackRock suggests that the price of Bitcoin could reach $700,000
During a discussion with Francine Lacqua from Bloomberg at Bloomberg House in Davos, BlackRock CEO Larry Fink stated that the price of Bitcoin could rise to $700,000 with broader institutional adoption. Fink shared ideas from a recent conversation with a sovereign fund; the fund was asking BlackRock's head whether it should have a 2% or 5% allocation. "If everyone adopted this conversation, it would be $500,000, $600,000, $700,000 per Bitcoin... I'm not promoting it, by the way. That's not my promotion," he said. As previously reported by U.Today, Fink has consistently argued that Bitcoin can serve as an alternative to gold, as well as a hedge against currency devaluation and political instability. According to SoSoValue, BlackRock's iShares Bitcoin Trust ETF has now surpassed $60 billion in net assets.
SHIB burn rates soar by 5,785%
According to recent data from Shibburn, the SHIB community discarded over 3.2 million SHIB tokens in the last 24 hours. Thanks to their actions, the burn rate of the dog-themed meme cryptocurrency increased by 5,785%. However, despite this substantial increase in burn activity, the price of SHIB has remained relatively stagnant. In the past week, the total SHIB destroyed reached approximately 63.3 million tokens, although, compared to the previous week, the burn rate has seen a decline of 6.81%. On January 21, SHIB experienced a temporary price increase of 7.71%, reaching $0.00002126, but then fell by 3.85% to $0.00002043. This price fluctuation appears to be correlated with Bitcoin's movements, which also reached a recent peak before experiencing a decline. Earlier today, SHIB lost its crucial level of $0.00002, but the token eventually managed to recover it, currently trading at $0.00002035, marketcap
