Ripple acquires Rail for $200 million, deepening its focus on corporate payments.
Ripple CEO Brad Garlinghouse has officially confirmed that the company has acquired Rail, a provider of payment infrastructure focused on stablecoins, for $200 million. The transaction is expected to be completed by the end of 2025, pending final regulatory review.
This acquisition is an important step in Ripple's stablecoin strategy, aimed at enhancing its corporate digital payment and stablecoin settlement capabilities. Rail will bring features such as virtual accounts, third-party payment support, and fund automation, which will be integrated into Ripple's existing payment network and API stack, helping Ripple become the preferred infrastructure provider for institutions settling payments through stablecoins, further solidifying its position in the corporate digital payment space.
Dogecoin has reached the 'historical buying zone', attracting attention to its upward potential.
Dogecoin (DOGE) has recently re-entered the 'historical buying zone' in analysts' eyes, a region consistent with the price ranges before the significant surges in 2017 and 2021, which triggered increases of 9237% and 13337% respectively.
The current price of DOGE is slightly above $0.20, situated at the lower boundary of a parallel ascending channel formed since 2015. This area has only been reached a few times in the past decade but has marked the starting point for significant rises each time. Earlier in this cycle, DOGE also rose 243% after reaching this support area, showing the long-term guiding significance of this channel for its price movement. Despite the ever-changing narrative in the crypto market, DOGE maintains this channel characteristic, drawing investor attention to its future performance.
Shiba Inu's destruction rate surged by 3464%, boosting community sentiment.
Recent destruction data for Shiba Inu (SHIB) has garnered attention, with 9,614,765 SHIB destroyed in the past 24 hours, marking a 3464% increase in destruction rate. Several transactions involving the destruction of hundreds of thousands of SHIB contributed to this data. Although the destruction amount is relatively small compared to the total supply, the substantial increase in destruction rate reflects the active sentiment within the community.
From weekly data, a total of 23,317,751 SHIB have been destroyed in the past 7 days. The previous week saw a spike in daily destruction rates of 16,855.93%, with 602 million tokens destroyed on that day. As of now, out of the initial trillion-level total supply of SHIB, 410,752,089,360,220 tokens have been destroyed, resulting in a current circulating supply of 584,612,601,558,519 tokens.
