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Ripple Labs, the issuer and biggest holder of XRP, has been maintaining a system of gradual releases for additional tokens into circulation for years.  This approach, further developed with an escrow system in 2017, has ensured the digital asset has remained slightly inflationary through its existence. Specifically, on the first day of each month, the company unlocks 1 billion XRP, making 20-30% (200-300 million tokens) available for trading to raise additional funds for its operations while re-locking the rest. Picks for you COTI’s Africa Tokenization Council to promote AI and blockchain in Africa and Middle East 1 hour ago Sell alert: Solana (SOL) is facing a massive crash to $60, says analyst 2 hours ago...

Ripple, the company behind XRPL (XRP) core development and its largest token holder, is preparing its treasury for February sales. Onchain data reveals Ripple has reserved 300 million XRP from the 1 billion unlocked on February 1. At these prices, the amount is worth $795 million. Finbold retrieved the transaction history from XRP Scan , which shows the labeled ‘Ripple (1)’ account receiving the tokens. This is a known pattern that repeats monthly, when Ripple unlocks 1 billion XRP from the genesis distribution, reserves a fraction for its budget’s sales, and re-locks the rest for future unlocks. ‘Ripple (1)’ account | rBg2FuZT91C52Nny68houguJ4vt5x1o91m. Source: XRPScan / Finbold Precisely, the company unlocked 1 billion XRP from ‘Ripple (26)’ and ‘Ripple (27)’, but has not moved these tokens yet. Instead, this time, it used previously unlocked XRP from ‘Ripple (24)’ and ‘Ripple (25)’. Picks for you...

Shiba Inu burn rate has jumped by 459.57% in the past 24 hours.  146,261,497 SHIB tokens were sent for incineration in that period.  Robinhood adds 15 billion SHIB tokens to its portfolio. In a notable development, the Shiba Inu burn rate has ticked up in the past 24 hours as the meme coin’s community sends millions of SHIB tokens for incineration.  Data from the Shiba Inu burn tracker Shibburn reveals that 146,261,497 SHIB tokens were sent to the burn addresses and taken out of circulation. Furthermore, the data showed five wallet addresses partook in the incineration.  Notably, a particular wallet burned 100 million SHIB tokens in a single transaction. Another wallet also burned over 30 million tokens in the same 24 hours. As a result, the burn rate jumped 459.57% in the aforementioned period.  The incineration, a collective effort from the meme coin’s team and community, is aimed at reducing Shiba Inu’s circulating supply. Expe...

Ripple has already sold half of the 200 million XRP reserved for its treasury, following the unlock of 1 billion tokens in January. On January 16, the company spent 80 million from the second half of the reserved tokens, which could create selling pressure on exchanges. Notably, Ripple sent the 80 million XRP, worth $45.6 million , to the same account that previously received Ripple’s sell-offs. ‘Ripple (1)’, the company’s treasury account, sent the tokens to ‘rP4X2…sKxv3’, currently idle on this account’s balance. Interestingly, the former still has a remaining balance worth more than $26.4 million USD in 46.34 million XRP. In this context, the payment could be routed through two other intermediate addresses before reaching centralized exchange accounts if this sell-off behaves like the most recent one reported on January 9. XRP price analysis and the Ripple effect Cryptocurrency Injective set to unlock $150 million in tokens; What’s next for INJ token? ...

Key takeaways BTC’s price has dropped below the $37k level as the bears gain control of the market. The Memeinator presale has officially crossed the $1.5 million milestone. The cryptocurrency market has been bearish since the start of the week, with Bitcoin and other major cryptocurrencies trading in the red zone. However, the  Memeinator presale has just hit a new milestone and is set to go higher.  Bitcoin and altcoins underperform Bitcoin and altcoins have been underperforming over the last few days. BTC has lost more than 1% of its value over the last 24 hours. At press time, the  price of Bitcoin stands at $36,912 per coin.  Leading altcoins including Ether, BNB, Solana, ADA, DOGE, and TRX, have all lost more than 2% of their value over the last 24 hours. What is Memeinator? Memeinator is a Web3 project designed to help content creators generate better content. It intends to change how people view memes. The project ...

Several cryptos related to artificial intelligence surged in value after AI research company OpenAI announced new products. However, on Nov. 7, they went red as the market slumped. Top AI tokens by market cap | Source: CoinMarketCap Graph (GRT) price Earlier today, market data showed that The Graph (GRT), an Ethereum (ETH) token that powers a decentralized protocol for querying blockchain data, rallied 17.67% over the last 24 hours and 35.66% in the previous seven days. When a market downturn hit earlier today, GRT ended up being up 1.67% over 24 hours and 29% for the last seven days. The Graph aims to be the Google of blockchains, indexing and organizing data from networks like Ethereum and Filecoin (FIL) into open APIs. It is often qualified as an AI coin due to its heavy focus on AI applications and features. Graph (GRT) price | Source: CoinMarketCap SingularityNet (AGIX) price SingularityNet (AGIX), a token enabling decentralized AI services, rose 2.6% over 24 hou...

Level-2 blockchain Optimism is set to sell 116 million of its OP tokens to seven private buyers. According to a recent post, the project team will sell tokens to unknown buyers to manage the treasury. Starting Sept. 21, the Optimism team will conduct several transactions with 116 million tokens . Starting today, there will be several transactions totaling approximately 116M OP tokens . We’re sharing as a heads up to our community that these are planned transactions. — Optimism (_) (@optimismFND) September 20, 2023 At the time of writing, the OP token is trading at $1.35. Thus, the token sale amount will be $156.6 million. “The tokens come from the Unallocated portion of the OP Token treasury, and are part of the Foundation’s original working budget of 30% of the initial OP token supply.” Optimism team The token sale is not expected to impact the price of OP significantly. It has a two-year lock-in period, which means buyers will not be able to sell during ...

This article examines three decentralized finance (defi) tokens recommended by ChatGPT for August 2023. They are Aave (AAVE), Avalanche (AVAX), and Everlodge (ELDG), adding value and potential to the sphere. Aave has potential Aave is redefining lending and borrowing in crypto. Leveraging Ethereum, the platform allows lenders to lock assets and earn interest. Presently, Aave is trading at $64.48 with a market capitalization of over $935 million, and prices are relatively stable. Its 24-hour trading volume is up 28.05%, reaching over $98 million. Technical indicators, including moving averages, point to bulls. You might also like: $287,000 reportedly stolen in hack targeting Aave’s Earning Farm ChatGPT suggests that Aave will likely maintain its appeal as a preferred avenue for passive income generation with consistent enhancements.  Consequently, experts maintain an optimistic outlook for AAVE, expecting the token to reach $84.15 by the end of 2023. Exploring Aval...

Join Our Telegram channel to stay up to date on breaking news coverage The crypto regulatory framework globally has shifted significantly, affecting the operations of firms that offer services related to digital assets. The shifting regulatory guidance and the developments in the industry have led to Bakkt, the crypto business for Intercontinental Exchange, mass delisting several digital assets. Bakkt mass delists many cryptocurrencies The tokens that the Bakkt ex change will delist include some of the top tokens operating in decentralized finance (DeFi). The entire list of tokens that the platform will delist includes Aave, Avalanche, Bancor Network Token, Basic Attention Token, Chainlink, Compound, Cosmos, Filecoin, Gala, Curve DAO, GALA, Internet Computer, Enjin Coin, Fantom, Stellar, SushiSwap, Uniswap, Tezos, The Graph, Maker Dao, among others. The ex change has said that it was reviewing the tokens listed on the platform following the acquisition of Apex Crypto....

Liquid staking tokens are poised to drive the next wave of DeFi adoption, offering users increased rewards and opportunities in the wake of Ethereum’s Shanghai upgrade. The decentralized finance (DeFi) space has been in correction mode, its current TVL of $50 billion representing less than a third of its peak in late 2021. The good news is that the market is preparing for another wave of DeFi adoption, primarily thanks to liquid staking tokens (LSTs), which have become the second-largest DeFi sector after decentralized exchanges (DEXs). LSTs revolve around the Ethereum ecosystem, enabling Ether (ETH) stakers to benefit from yield farming opportunities while their ETH tokens are locked to maintain the network that recently upgraded to a proof-of-stake (PoS) consensus mechanism. Liquid staking protocols provide users with LSTs in exchange for their locked ETH based on a 1:1 ratio to let them explore DeFi use cases during the staking process. Some protocols call these substitute tokens “...

Crypto’s value increases with more users, creating a positive feedback loop due to the network effect. The network effect is a phenomenon where the value of a product or service increases as more people use it. As the user base grows, there are more opportunities for interactions, which can lead to increased benefits and positive outcomes for each user. The network effect is a powerful driver of growth and adoption for many technologies and platforms, including social media, messaging apps and marketplaces. The network effect and cryptocurrencies The network effect is also a central concept in the world of cryptocurrency. In general, it means that a cryptocurrency’s value rises as more people use it. This is because a larger user base results in higher liquidity and trading volume, which increases acceptance and utilization. For instance, the enormous and expanding user base of the Bitcoin network creates a powerful network effect that has increased its market acceptability, liquidit...

Some crypto tokens will perform better than stocks in 2023 as they become less sensitive to macroeconomic factors, according to CIO at Arca Jeff Dorman. Digital assets will largely decouple from traditional equity Markets in 2023, says Chief Investment Officer at Arca, Jeff Dorman. Discussing his outlook for 2023 in a recent interview with Cointelegraph, Dorman argues that as the global economy enters a recession this year, equities will be negatively affected while some crypto tokens will perform well: the value of the latter, he explained, is determined not only by macroeconomic factors but also by their utility within the respective ecosystems, which would remain unaltered in a recession. “You're going to see a lot of stocks get punished under the weight of restructurings and under the weight of lower revenues and lower cash flows. And you're actually going to see a lot of tokens do really well”, Dorman explained.  Crypto's decoupling process from equities may not ...