Price Updates Shiba Inu's current price is $0.00001211, with a 0.04% increase in the last 24 hours. The cryptocurrency has a market capitalization of $7.13 billion and a 24-hour trading volume of $99.17 million .
Recent Developments - *DAO Launch*: Shiba Inu has rolled out ShibDAO and a new staking system to advance decentralization and empower user governance. - *Token Burns*: The SHIB burn rate surged to over 112,000%, with more than 116 million coins transferred to wallets that cannot spend money. - *Network Activity*: Shibarium's network transactions jumped by 54%, making the blockchain buzz with activities .
Market Predictions - *Price Forecast*: Analysts predict Shiba Inu could hit $0.01 in the future, with some speculating it could reach Dogecoin's market cap by 2027. - *Death Cross*: Shiba Inu is nearing a critical technical juncture as bearish momentum builds, RSI weakens, and a death cross looms on the charts .
Market Performance - *Market Cap Rank*: Shiba Inu is ranked #19 on CoinGecko, with a live market cap of $7.13 billion. - *Circulating Supply*: The circulating supply of SHIB tokens is approximately 589 trillion .
Wells Fargo's current involvement with XRP isn't explicitly stated in the search results. However, here's what we do know . - *Ripple's Partnerships*: Ripple, the company behind XRP, has been expanding its presence in various markets, including Japan, and partnering with institutions like SBI Holdings to facilitate fast and low-fee cross-border transactions. - *XRP Adoption*: XRP has been gaining traction, with potential use cases in cross-border payments and decentralized finance (DeFi). Standard Chartered predicts XRP could reach $5.50 by December 2025, driven by ETF approvals and increased adoption. - *Wells Fargo's Focus*: Wells Fargo is a major financial institution with a market cap of $238.78 billion. While there's no direct mention of XRP or Ripple in the context of Wells Fargo's current activities, the bank has shown interest in digital assets and blockchain technology.
Some key developments that might interest Wells Fargo include . - *Ripple's Vision*: Ripple aims to "rewire the entire banking system" by integrating blockchain technology into traditional finance, potentially making XRP a favorite for banks. - *XRP's Potential*: XRP could account for 14% of SWIFT's cross-border payment volume within five years, according to Ripple CEO Brad Garlinghouse. - *Regulatory Clarity*: The outcome of Ripple's SEC lawsuit and potential ETF approvals could significantly impact XRP's adoption and price.
TRON (TRX) is a blockchain-based platform that aims to decentralize the entertainment industry. Some reasons why TRON might be perceived as going against the broader crypto community include:
Controversies and Criticisms 1. *Centralization concerns*: TRON's network is often criticized for being overly centralized, with a small number of nodes controlling a large portion of the network's power. 2. *Lack of decentralization*: Some argue that TRON's governance model and decision-making processes are not sufficiently decentralized, which could lead to a concentration of power. 3. *Competitive nature*: TRON's focus on competing with other blockchain platforms, such as Ethereum, might lead to a perception that it's working against the broader crypto community's interests.
Technical Differences 1. *Different consensus algorithm*: TRON uses a Delegated Proof of Stake (DPoS) consensus algorithm, which differs from the Proof of Work (PoW) or Proof of Stake (PoS) algorithms used by other blockchains. 2. *Focus on entertainment industry*: TRON's primary focus on the entertainment industry might lead to differences in design and implementation compared to other blockchains with broader use cases.
Community Perception 1. *Perceived arrogance*: Some community members might perceive TRON's founder, Justin Sun, as overly promotional or arrogant, which could contribute to a negative perception of the project. 2. *Lack of transparency*: Concerns about TRON's transparency, particularly regarding its finances and decision-making processes, might lead to mistrust within the crypto community.
It's essential to note that these points are not exhaustive, and opinions about TRON vary widely within the crypto community. Some people appreciate TRON's focus on the entertainment industry and its potential to disrupt traditional models, while others are critical of its centralization and competitive nature.
Recent Price Movement XRP's price has been steady, with a 0.04% increase, currently trading at $2.29. The cryptocurrency saw a recent surge, rising 2.36% on June 9, following a 4.11% rally on the previous day.
Ripple's Expansion in Japan Ripple is expanding its presence in Japan, partnering with SBI Holdings to enable fast and low-fee cross-border transactions. This move could potentially mirror its success in the US after the SEC vs. Ripple case.
SEC vs. Ripple Case The SEC vs. Ripple case is ongoing, with a potential settlement filing expected. A favorable ruling could expedite the withdrawal of appeals and pave the way for an XRP-spot ETF market.
XRP Price Outlook XRP's near-term price outlook depends on court filings and ETF-related news. Key levels to watch are: - *Resistance*: $2.35, $2.5, and $2.6553 - *Support*: $2.25, $1.9299, and the 200-day EMA
Market Trends The cryptocurrency market is influenced by various factors, including . - *US-China trade talks*: Progress in trade negotiations could boost the market. - *ETF flows*: Inflows into Bitcoin and Ethereum spot ETFs could impact sentiment. - *Regulatory developments*: Clarity on crypto regulations could support growth.
Overall, XRP's price is expected to be influenced by the outcome of the SEC vs. Ripple case, ETF-related news, and broader market trends .
JPMorgan Chase has made significant moves regarding XRP, showcasing its growing acceptance of digital currencies. Here are some key developments : - *Acceptance for Payments*: JPMorgan Chase has announced that it will accept XRP for mortgage payments and credit card transactions, highlighting the bank's efforts to integrate blockchain technology into its services. - *Partnership with FCF Pay*: The bank has partnered with FCF Pay, a blockchain payment processor, to facilitate XRP transactions, enabling customers to use XRP, Bitcoin, Ethereum, and other cryptocurrencies for payments. - *Potential ETF Investments*: JPMorgan projects that XRP ETFs could attract $4-8 billion in investments, based on historical trends from Bitcoin and Ethereum ETFs. This prediction is echoed by Bloomberg ETF analyst Eric Balchunas, who considers it a reasonable estimate. - *Unlocking Cross-Border Value*: JPMorgan has also highlighted the potential of XRP and Ripple in unlocking $120 billion in cross-border payments, emphasizing the efficiency and cost-effectiveness of using digital currencies for international transactions. - *Reward Program*: Customers using XRP for purchases at participating merchants will receive CTF tokens as rewards, which can be redeemed for fiat currency or used to buy goods and services.
These developments demonstrate JPMorgan's growing involvement with XRP and its commitment to exploring the potential of digital currencies in mainstream financial services.
Here's the latest crypto news from the past 24 hours:
- *Market Decline*: Bitcoin and top altcoins, including Ethereum, Solana, and XRP, have seen significant declines following President Donald Trump's reciprocal tariff announcements. Bitcoin fell 2%, while Ethereum, XRP, and Solana declined 4%, 3%, and 4%, respectively . - *Tariff Impact*: The US will impose reciprocal tariffs on international trading partners, with a 10% baseline tariff on imports and 25% on foreign-made cars. This move has sparked market volatility, with the entire crypto market capitalization dropping by 5% . - *Crypto Futures Liquidations*: Crypto futures liquidations have accelerated, reaching $511.77 million in the past 24 hours, with Bitcoin traders accounting for $179.71 million of that amount . - *Other Notable News: - Fidelity has launched a no-fee crypto IRA for US investors . - CME is set to launch BTC and ETH spot-quoted futures for retail investors . - A major survey has found that 1 in 5 US adults now use cryptocurrency . - Ripple has merged RLUSD into its payments platform to expand utility .
Blockchain is a decentralized, digital ledger technology that records transactions across a network of computers in a secure and transparent manner. It's the underlying technology behind cryptocurrencies like Bitcoin, Ethereum, and many others.
Here's how it works:
1. *Decentralized network*: A network of computers is established, each with a copy of the blockchain. 2. *Transactions occur*: When a new transaction is made, it's broadcast to the network. 3. *Verification*: The transaction is verified by special nodes on the network called "miners" using complex algorithms. 4. *Block creation*: A group of verified transactions is combined into a "block" and added to the blockchain. 5. *Chain update*: Each node on the network updates its copy of the blockchain to reflect the new block.
Key characteristics:
- *Immutable*: Transactions on the blockchain are permanent and can't be altered. - *Transparent*: All transactions are recorded publicly and can be viewed by anyone. - *Secure*: The use of advanced cryptography and decentralized verification makes the blockchain highly secure.
In summary, blockchain technology provides a secure, transparent, and decentralized way to record transactions and data, with far-reaching potential applications across various industries.
- *Bitcoin Price Update*: Bitcoin's price is currently at $84,307.96, with a 0.13% increase in the last 24 hours. Its market capitalization stands at $1.67 trillion . - *XRP Surges*: XRP's price has increased by 4% as March options attract heavy call interest. Traders expect XRP's price to go higher, leading to this surge . - *Crypto Regulation*: The US SEC has dropped its appeal against Ripple, potentially leading to a settlement. This development could have significant implications for XRP's future . - *Crypto Adoption*: Pakistan is considering using surplus power for crypto mining, while Japanese real estate firm Open House has started accepting XRP, SOL, and DOGE as payment . - *Market Trends*: Cardano's price is flashing a bullish signal, while Monero has spiked due to a US court ruling. Sonic's price is forming risky patterns as the DeFi ecosystem booms .
There is no official statement from the Saudi government or any reputable sources indicating that Saudi Arabia officially supports or endorses "Pepe Coin" or any other specific cryptocurrency.
However, Saudi Arabia has shown interest in blockchain technology and cryptocurrency:
- In 2020, the Saudi Arabian Monetary Authority (SAMA) launched a blockchain-based pilot project for cross-border payments . - In 2022, Saudi Arabia's Ministry of Communications and Information Technology announced plans to establish a national blockchain strategy .
It's essential to note that investing in cryptocurrencies, including Pepe Coin, carries significant risks and volatility. It's crucial to do thorough research, consult with financial experts, and understand the regulatory environment before making investment decisions.
The SEC lawsuit against Ripple is nearing its conclusion, with negotiations ongoing between the two parties. Ripple's legal team is seeking to modify the terms of the August district court ruling, which included a $125 million fine and a permanent injunction preventing Ripple from selling XRP to institutional investors .
The delay in reaching a settlement stems from Ripple's attorneys arguing that if the SEC's new leadership is clearing enforcement actions against previously-targeted crypto firms, Ripple should not face penalties. They believe that accepting the current ruling would amount to acknowledging wrongdoing at a time when the SEC itself appears uncertain about whether violations occurred .
Lawyer Fred Rispoli predicts that the lawsuit may see significant developments before April 16, 2025, as Ripple files its appellate brief. While some speculate that the SEC might withdraw its appeal, others believe that the case will conclude by September 2025 .
The outcome of the lawsuit is eagerly awaited by the XRP community, with many hoping for a positive resolution that could impact the cryptocurrency's price.
The CPI report for February 2025 is scheduled to be released today, March 12, 2025, at 08:30 AM ET . According to the Bureau of Labor Statistics, the Consumer Price Index (CPI) measures the average change in prices of a basket of goods and services .
As of the last report, the annual inflation rate in the US edged up to 3% in January 2025, compared to 2.9% in December 2024 . Here's a breakdown of the latest numbers:
- *CPI-U, US City Average, All Items*: +0.5% in January 2025, +3.0% since January 2024 - *CPI-U, US City Average, All Items Less Food and Energy*: +0.4% in January 2025, +3.3% since January 2024 - *CPI-U, US City Average, Medical Care*: +0.2% in January 2025, +2.6% since January 2024
Keep in mind that these numbers are subject to change and may not reflect the latest report. For the most up-to-date information, I recommend checking the Bureau of Labor Statistics website or reputable news sources.
Here's the latest crypto news from the past 24 hours:
- *Bitcoin Price Drop*: Bitcoin's price has dropped to $82,022, a 4.53% decrease, amid macroeconomic concerns . - *BBVA's Crypto Trading Service*: BBVA has launched a Bitcoin and Ethereum trading service for its Spanish customers, expanding crypto adoption in the region . - *US DOJ Liquidates Silk Road BTC*: The US Department of Justice may be liquidating Bitcoin seized from the Silk Road marketplace, according to Bitcoin Magazine CEO . - *Utah Drops Bitcoin Reserve Clause*: Utah has removed a clause from its Blockchain and Digital Innovation Amendments bill that would have allowed the state to hold Bitcoin in reserve . - *Crypto Whales' Altcoin Purchases*: Crypto whales have been buying up altcoins like AAVE, Ondo, and XRP, potentially fueling price surges . - *White House Crypto Summit*: The White House Crypto Summit has concluded, with industry leaders discussing regulatory frameworks and potential collaborations with the US government . - *Netherlands Tops Crypto Search Interest*: The Netherlands has been ranked as the most crypto-obsessed country in the world, with high cryptocurrency search interest .
Despite the positive developments in the crypto space, the market has experienced a downturn. There are several reasons that could be contributing to this:
1. *Profit-taking*: Investors may be selling their assets to lock in profits after the recent price surge, leading to a market correction. 2. *Regulatory uncertainty*: The ongoing regulatory discussions and potential changes to tax laws may be causing uncertainty and driving investors to sell. 3. *Technical analysis*: The market may be experiencing a technical correction, with prices reaching overbought levels and needing to retrace. 4. *Liquidity crisis*: Some exchanges may be experiencing liquidity issues, leading to price volatility and a market downturn. 5. *Whale manipulation*: Large investors, known as whales, may be manipulating the market by selling their assets, causing prices to drop. 6. *Market sentiment*: The overall market sentiment may have shifted, with investors becoming more risk-averse and selling their assets. 7. *Global economic factors*: Global economic concerns, such as inflation, interest rates, and geopolitical tensions, may be impacting the crypto market.
It's essential to remember that the crypto market is highly volatile and can be influenced by various factors. Keep in mind that this is not investment advice, and it's crucial to do your own research and consider multiple perspectives before making any investment decisions.
Cardano (ADA) has been making some exciting moves lately. Its price has surged 47% in the last week, driven by significant whale activity and longer investor holding durations, reflecting strong market confidence .
Currently, ADA is valued at $0.83, with a 24-hour trading volume of $2.70 billion . Its market capitalization stands at $29.19 billion, with a circulating supply of 35.22 billion ADA .
In terms of recent developments, the Cardano Foundation has partnered with SERPRO to integrate blockchain into Brazil's public sector, focusing on education and enhancing government operations . Additionally, Grayscale Investments has applied for a Cardano ETF, which could potentially boost ADA's adoption and price .
Some experts predict that ADA's price could rally toward $0.99 if it holds the $0.85 support level, reinforcing bullish momentum . However, it's essential to keep in mind that cryptocurrency markets can be highly volatile, and prices may fluctuate rapidly.