U.Today presents the top three new stories over the past day.
10 reasons why Stellar (XLM) is most underrated crypto, by XRP and Ripple co-creator
Jed McCaleb, cofounder of Ripple Labs and creator of Stellar, has taken to X platform to share his thoughts on why he believes Stellar is "worth your time" while being "the most underrated and least understood crypto project." McCaleb noted that Stellar is able to process more daily transactions than many other blockchains — 10 times those of Ethereum. He also emphasized Stellar's real-world usage, setting it apart with its built-in features like stablecoin and token issuance, a decentralized exchange, as well as its robust on-chain governance system and innovative smart contract platform, Soroban. Additionally, McCaleb highlighted the network's exceptionally low transaction fees, describing them as "basically free," and praised its world-class engineering and developer-friendly documentation. Finally, McCaleb emphasized that Stellar's mission is to revolutionize digital payments by providing financial services to people without bank access and making it easier to transfer assets than with traditional banking methods.
XRP skyrockets 353% in fund flows in just one week
According to the latest weekly research by CoinShares, investment products linked to XRP experienced a significant inflow of $15.2 million, increasing by 353% in comparison to the previous week and bringing the total year-to-date for XRP-focused ETFs to $46 million. In other words, the money inflows into XRP ETPs over the last week amounted to nearly 50% of the total capital influx observed over the course of the prior 11 months. The reason for this is likely a remarkable price increase of over 222% for the asset. In addition to SEC Chair Gary Gensler's resignation, speculation about Ripple's upcoming IPO may be contributing to the surge on both crypto and traditional markets. A week ago, the CEO of Japanese financial conglomerate SBI recently suggested that Ripple should prepare for an IPO due to anticipated changes in the U.S. government. If Ripple does go public, it could significantly enhance XRP's adoption and popularity, as few digital assets have similar utility and regulatory status upheld by U.S. courts.
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"Rich Dad Poor Dad" author and world-famous financial expert Robert Kiyosaki has made another bold price prediction, suggesting that artificial intelligence (AI) forecasts that Bitcoin could reach $500,000 by 2025. However, he did not share which large language model (LLM) he utilized to arrive at this prediction, which is in line with his history of erratic forecasts — which should be taken with a grain of salt. Earlier this month, Kiyosaki stated that he would stop buying Bitcoin at a price of $100,000, but he later endorsed Michael Saylor's ambitious target of $13 million per Bitcoin and previously predicted BTC would hit $350,000 by August. At writing time, Bitcoin is changing hands at $92,609, down 4.57% over the past 24 hours, per CoinMarketCap. Interestingly, Kiyosaki compared the Bitcoin craze to the Dutch tulip mania back in 2017 but later transitioned from initial skepticism to becoming one of the prominent advocates for Bitcoin.
