U.Today presents a recap of this weekend’s top cryptocurrency news. Ripple CTO David Schwartz questioned the large $237 million XRP transfer from Kraken, sparking debate about its motives, while the Shiba Inu team announced an important Shibarium update aimed at decentralization. Meanwhile, an Ethereum whale awoke after nearly a decade, with its sudden transaction causing speculation in the crypto community.
Ripple’s CTO David Schwartz believes the recently observed large XRP purchase is likely a withdrawal from Kraken rather than a new purchase. This has sparked discussion within the crypto community about its implications for the XRP market. Meanwhile, the Shiba Inu team announced an update to Shibarium aimed at enhancing decentralization by implementing rate limits on public RPC endpoints. The update intends to encourage developers and users to run their own nodes, thereby improving privacy and resistance to censorship.
On Saturday, an Ethereum whale’s wallet re-awakened after a decade of dormancy, transferring nearly $75,970 from its initial 2153 ETH (worth over $667 at the time) to another wallet before quickly using Tornado Cash. This prompted speculation about its connection to early Ethereum insiders or even Vitalik Buterin, given his known interest in privacy tools.
The article was compiled by U.Today.