Shib Burn Rate Soars, XRP Gains Momentum, Tether Mints Massive USDT Supply

U.Today presents the top three crypto news stories of the past 24 hours. The Shiba Inu community has seen a significant surge in SHIB burn rate, with over 25.6 million tokens being sent to unspendable wallets in just a single day. This activity, although not impacting the SHIB price directly, showcases growing efforts towards sustainable tokenomics. Meanwhile, XRP is witnessing its price climb back up from a recent dip, reaching $2.14 after regaining investor confidence and increased trading activity. Tether’s massive 1 billion USDT mint on Tron has injected significant liquidity into the market, potentially fueling future Bitcoin price surges. 500 million of this minted USDT was then transferred to HTX, exchange founded by Tron founder Justin Sun, for further utilization within the blockchain ecosystem.