Shiba Inu (SHIB) may soon exit the trillion-dollar market cap club, as recent data reveals a notable decrease in whale transactions and trading activity. On October 6, large SHIB transactions fell to just 88, down from a seven-day high of 383 on October 1. This decline reflects diminishing interest from major holders, with the total transaction volume dropping dramatically from 8.27 trillion SHIB on October 1 to 1.6 trillion on October 6. This retreat suggests that whales are biding their time, possibly waiting for clearer market signals or a potential bottom for reentry. At the time of writing, SHIB is priced at $0.00001841, marking a 3.35% increase over the past 24 hours, according to CoinMarketCap. The future of SHIB hinges on whether whale interest will rebound and how the broader market reacts, especially as the coin struggles to breach key resistance levels.
Max Keiser Skeptical on XRP’s Future
In a recent post on X, prominent Bitcoin maximalist Max Keiser dismissed any hopes for a rally in XRP, asserting that the token has “zero chance” of seeing significant price increases. Keiser illustrated his point by comparing XRP holders’ plight to a fledgling crow struggling to catch a worm, emphasizing the futility of their expectations. His comments follow the SEC‘s announcement of an appeal against Federal Judge Analisa Torres’ recent ruling in the lawsuit against Ripple, which led to a notable drop in XRP’s price. Currently, XRP is trading at $0.5428, reflecting a 1.74% increase over the last 24 hours. Ripple’s CEO, Brad Garlinghouse, expressed frustration over the SEC’s appeal, pledging to continue fighting the regulator after the company has already invested over $200 million in legal battles.
Bitcoin Core 28.0 Update Released
The Bitcoin development team has launched Bitcoin Core 28.0, the latest update to the protocol, nearly six months after the release of version 27.0. This update includes several enhancements and bug fixes designed to improve the functionality and security of the Bitcoin mainnet, as well as upgraded privacy features for users. The release comes in response to warnings about high-risk vulnerabilities affecting one in every six Bitcoin nodes, which were susceptible to Denial of Service (DoS) attacks. The security improvements in Bitcoin Core 28.0 address these vulnerabilities, bolstering node resilience. Additionally, the update supports reproducible builds, which enhances trust and transparency within the Bitcoin community by allowing users to compile identical binaries to those distributed on the official BTC Core website.
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