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🔷 Ethereum co-founder Vitalik Buterin advocated for lowering the minimum Ether required for solo staking during a community discussion.
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🟠 The market cap of $MSTR is +3,040% since the adoption of a Bitcoin standard in 2020. 128% CAGR 🔥

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🔥 Shiba Inu (#SHIB ) Burn Rate up 229% as Price Push for Breakout Shiba Inu (SHIB) has seen an intense price drawdown in the past 24 hours. While other important metrics like the price have dropped overnight, the SHIB burn rate just registered a sudden 229% uptick. This boost is evidence that some members of the SHIB ecosystem retain trust in the project. 🔸 SHIB burn rate, price effect With the latest Shiba Inu burn rate, more than 2.6 million tokens have been sent to dead wallets. Notably, this has sent the total tokens burnt thus far to 410,730,847,872,516 SHIB, with only 583,510,240,764,212 units left as circulating supply. Though the amount removed appears small, the burn rate’s consistent growth retains positive sentiment in the ecosystem. With the hyped sentiment, prospective investors can find something to hang onto while choosing to buy the token. At the time of writing, the price of Shiba Inu is $0.00001583, down by 5.86% in 24 hours. The token has traded within a fairly wide range within this period, dropping from a high of $0.00001702 to a low of $0.00001569 before settling at its current level. The burn rate might be a major anchor for Shiba Inu, preventing it from slipping further below the $0.000015 support zone. If this level holds long-term, the SHIB price may soon rebound and erase another zero. 🔸 Rebound in overall market outlook It is almost unrealistic to project a solo rally for Shiba Inu. Notably, the digital currency correlates with the broader crypto ecosystem. With the price of Bitcoin battling to stay above the $61,000 support zone and XRP facing new uncertainty in the Ripple versus SEC legal battle, the chances of SHIB recovering in the long term are low. However, should the market outlook improve in the near term, it might fuel a rapid rally for SHIB, banking on its volatility.

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👀 Will XRP Spot ETF Be Approved? Analyst Reveals the Condition Cryptocurrency fund manager Bitwise Asset Management has filed for an XRP Spot ETF in the United States, in a move that Ripple supporters see as a significant development. The filing comes amid Ripple’s ongoing legal battles with the U.S. Securities and Exchange Commission (SEC), which has accused the company of raising $1.3 billion through unregistered XRP sales. 🔸 XRP Spot ETF Application Is a Prep for Trump’s Possible Victory, According to Analyst In 2023, a court ruling found that XRP is not a security when traded on public exchanges. However, institutional sales of XRP were deemed to violate securities laws because they are considered investment contracts under U.S. law and require proper registration. The legal dispute resulted in Ripple being ordered to pay a $125 million fine. Despite the ruling on secondary sales, it remains unclear whether this will affect the SEC’s decision on Bitwise’s ETF application. Katalin Tischhauser, head of investment research at Sygnum, explained that Bitwise’s XRP Spot ETF application may not hinge on whether the SEC considers XRP a security. Instead, it focuses on the SEC’s requirements for a “regulatory market.” Currently, only Bitcoin and Ethereum have regulated futures markets on the Chicago Mercantile Exchange (CME), which has been a key factor in securing ETF approvals for these assets. Tischhauser suggested that Bitwise may have filed the XRP Spot ETF application to “start the clock” in anticipation of a possible change in SEC policy after the 2024 US presidential election if Trump wins. Ripple CEO Brad Garlinghouse has previously stated that XRP and other cryptocurrency ETFs are “inevitable” following the approval of Ethereum ETFs earlier this year. While Bitcoin ETFs have attracted significant interest, attracting $18 billion in fresh capital, it remains unclear whether demand for an XRP ETF will reach that level. #XRP #Ripple

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🚀 While in prison, CZ was earning approximately $25 million a day. According to Forbes estimates, the fortune of former Binance CEO Changpeng Zhao (#CZ ) has grown by approximately $3 billion since his release. As of September 27, Changpeng Zhao's net worth was estimated at $61 billion, according to Forbes. Previous data from July 12 showed a total of $57.8 billion, Protos writes, meaning Zhao's wealth has grown by at least $3 billion during his time in prison.

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🟠 Bitcoin was 40 years of work. Study Bitcoin. #BTC #Bitcoin

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