U.Today: Here are the top three news stories from the past day brought to you by U.Today.
(SHIB) Joins the Ranks of Major Solana-Focused Exchanges
Backpack, a popular crypto exchange, has recently made an X announcement about SHIB trading going live on its platform. The ad has been reposted by official Shiba Inu user X; The team behind the SHIB account called out their followers to check out the new listing and thanked the exchange for supporting the SHIB community. Backpack was launched in 2024 with a focus on the ecosystem, which has proven fruitful, fostering the growth of the platform and attracting significant investments. SHIB's listing has not only become another milestone in the adoption of the dog-themed meme token, but also opened it up to Solana enthusiasts. At the time of writing, SHIB is changing hands at $0.00002436, down 3.40% in the last 24 hours, according to CoinMarketCap.
forms coalition with crypto heavyweights, CEO is excited
In a recent X post, fintech giant Ripple announced that it is partnering with major industry heavyweights as part of forming a new “Tech Against Scams” coalition. Together with the World Anti-Scam Organization and leading tech companies such as Coinbase (NASDAQ:), Match Group (NASDAQ:) (the parent company of Tinder and Hinge), Meta (NASDAQ:), Kraken and Gemini, Ripple will fight online fraud and schemes financial services aimed at consumers in all industries. Ripple CEO Brad Garlinghouse took to social media to support the company's decision to join the anti-fraud alliance. “There's one thing all of us in tech can agree on: it's about time we dismantle scammers once and for all. We're proud to have Ripple join this coalition alongside other tech heavyweights. industry,” Garlinghouse wrote.
Explosive 17,400% increase observed by Gabor Gurbacs, here is the question he asks
Gabor Gurbacs, and strategic advisor at VanEck, has drawn attention to the remarkable increase in value of Bitcoin in the last 10 years. In his X post, Gurbacs wrote that during that period, the price of BTC increased by 17,400%, from $400 to the current level of $70,000. While many market participants would reasonably ask what happened to the flagship cryptocurrency that helped it reach such highs, the advisor maintains that this is not the right question; rather, we should ask ourselves what has happened to the US dollar. It is common knowledge that Satoshi Nakamoto created Bitcoin after the 2009 mortgage market crisis as a hedge against similar shocks that could occur in the future. Back then, the Federal Reserve began printing money to bail out big banks and corporations. The same situation was repeated during the banking crisis in Cyprus and then in 2020, when the pandemic began. That year alone, the Federal Reserve printed $3 trillion, contributing to the ongoing devaluation of the US dollar.
This article was originally published on U.Today.
