Crypto Market Today: SBI Starts XRP Lending, Shiba Inu Whale Awakens, and New Ethereum Hack Revealed
Key Takeaways
SBI Group Launches XRP Lending
The SBI Group, a Japanese financial services conglomerate, has announced the launch of XRP lending, further solidifying its partnership with Ripple. This move marks a significant milestone in the adoption of XRP and demonstrates the growing demand for the cryptocurrency. As a massive institutional partner of Ripple, SBI Group’s XRP lending service is expected to increase liquidity and drive growth in the market.
Shiba Inu Whale Awakens
A Shiba Inu whale has resurfaced after a year-long silence, transferring 53 billion SHIB. This sudden movement has sparked interest among investors and traders, who are eagerly watching the whale’s next move. The transfer is worth approximately $1.5 million at current prices and represents a significant portion of the SHIB in circulation. The whale’s awakening could potentially lead to increased market activity and volatility.
New Ethereum Hack Revealed
In a shocking turn of events, an Ethereum whale multisig wallet has been drained for $27.3 million. The hack is believed to have occurred due to a vulnerability in the wallet’s smart contract. This incident serves as a reminder of the importance of security in the crypto space and the need for investors to remain vigilant. The Ethereum community is working to identify the cause of the hack and prevent similar incidents in the future.
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