Coinbase's XRP Holdings Shrink 40%, Shiba Inu (SHIB) Rockets 8,866% in Whale Activity, SEC Approves In-Kind Redemptions for Bitcoin and Ethereum ETFs: Crypto Ne...
Main Idea
The SEC approved in-kind redemptions for Bitcoin and Ethereum ETFs, Coinbase significantly reduced its XRP holdings, and Shiba Inu (SHIB) experienced a massive spike in whale outflows.
Key Points
1. SEC approved in-kind redemptions for Bitcoin and Ethereum ETFs, allowing ETF shares to be created/redeemed using actual crypto, improving efficiency and lowering costs.
2. Coinbase reduced its XRP holdings by 40%, with its cold wallet count dropping from 52 to 35, as observed by on-chain analysts.
3. Shiba Inu (SHIB) saw an 8,866% increase in whale outflows, with large holder wallets moving 798.22 billion SHIB in a single day, though the price remained unaffected.
Description
Crypto market today: key points
$BTC
$117791.8
+0.02%
$ETH
$3778.10
-0.65%
$SHIB
$0.000012818
-1.02%
$XRP
$3.0909
-1.47%
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