Lele Jima

1 week ago | thecryptobasic.com | Lele Jima

An unknown crypto whale has transferred over 29 million XRP coins to a blockchain address affiliated with U.S.-based exchange, Coinbase. According to data from Whale Alert, the user initiated the transaction today at 12:12 p.m. (UTC), transferring 29,532,534 (29.53 million) XRP from an unlabeled address to a Coinbase deposit address, ‘rUj…8Ln.’ The dollar equivalent of the transaction is $63.81 million, indicating that XRP was priced at around $2.16 at the time of the transfer.

1 week ago | thecryptobasic.com | Lele Jima

Shiba Inu investors holding 100 million, 500 million, and 1 billion tokens could achieve massive returns if the price of SHIB rises to $0.0001.  Shiba Inu is still recovering from last week’s downturn, which pushed it below the $0.000011 price mark. At press time, SHIB traded at $0.00001198, marking an increase of 6.39% over the past week. However, it is currently down 86.45% from its all-time high of $0.00008845.

1 week ago | thecryptobasic.com | Lele Jima

Canada is set to welcome multiple spot exchange-traded funds (ETFs) that would track the performance of Solana (SOL). Bloomberg ETF analyst Eric Balchunas shared the development on Monday, noting that the SOL ETFs will hit the Canadian market on April 16, 2025. The anticipated launch comes after the Ontario Securities Commission (OSC) approved multiple issuers to launch spot SOL ETFs in Canada yesterday.

1 week ago | thecryptobasic.com | Lele Jima

The ecosystem team behind Shiba Inu has shed light on the recently launched Karma System, an initiative aiming to capture true user engagement. Recall that the team recently launched the beta version of the highly anticipated Karma System on Shibarium’s testnet, Puppynet. Shiba Inu has explained how the initiative works through one of its developers, Kaal Dhairya. According to Dhairya, Karma functions like a gamified system in which players earn experience points (XP) for completing specific tasks.

1 week ago | thecryptobasic.com | Lele Jima

Renowned crypto critic Peter Schiff has criticized Strategy’s Bitcoin accumulation spree and predicted that the company will soon experience losses on its BTC holdings. Schiff made the assertion today after Strategy’s chairman, Michael Saylor, announced the company’s latest Bitcoin acquisition. Strategy Acquires 3,459 BTC In an X post today, Strategy announced that it acquired 3,459 BTC for $285.8 million. This implies that Strategy spent an average of $82,618 per BTC for this acquisition.