Here are the top three news stories over the past day presented to you by U.Today.
2,869,483,918,550 SHIB stuns major U.S. exchange Coinbase Institutional
Yesterday, June 5, Whale Alert blockchain sleuthreported a 2.86 trillion SHIB transaction worth $36.6 million. The funds were transferred to Coinbase Institutional from a wallet not previously linked to any major exchange. Notably, the wallet in question had been holding a large SHIB portfolio before offloading most of it. Currently, the address still holds more than 30 billion SHIB, but it is now mostly emptied of its largest asset. The receiving address is tied to Coinbase Prime, the institutional wing of the U.S.-based crypto exchange. Some market watchers suggested that the sending wallet may be connected to Wintermute, a well-known trading firm in the industry, but this has not been officially confirmed. Neither Coinbase nor any party tied to the transaction have issued any public statements on the matter. The transfer stands out due to its destination, as such massive moves to Coinbase Institutional tend to signal preparation for action.
Chinese firm files $300 million XRP plan with SEC; What's going on?
According to the U.S. Securities and Exchange Commission's (SEC)official website, Webus International Limited, a company specializing in AI-driven mobility solutions, has filed Form 6-K with the regulator to disclose its planto set up an XRP treasury. The Hangzhou-based firm initially announced the plan last week. On Monday, June 2, Webus International signed an agreement with U.S.-based investment advisor Samara Alpha Management, establishing a framework for potential future digital asset treasury operations. The initiative aims to integrate XRP into the firm's business model to facilitate instant international payments for its chauffeur and booking services. The plan has been officially submitted to the SEC, however, the regulator is yet to make the final decision.
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Binance issues delisting warning for these four crypto assets
In a recentannouncement, Binance notified its users that it willadd four more tokens to its "Monitoring Tag" list starting June 5, 2025. The move serves as a warning to investors that these tokens might no longer comply with Binance’s listing criteria and could be removed from the platform. The tokens included in the list are: Beefy (BIFI), StaFi (FIS), Komodo (KMD) and Measurable Data Token (MDT). As stated in the announcement, tokens with the "Monitoring Tag" demonstrate higher volatility and risk compared to other tokens. These tokens are closely monitored, with regular reviews conducted. Binance emphasized that it will periodically reassess these tokens to decide whether to keep or remove the tag based on the latest data. As for now, other services related to the aforementioned tokens will not be affected.
