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Ripple, SHIB, and Bitcoin: Top Crypto News Today

Discover the latest crypto news: Ripple's XRP escrow update, SHIB's 12,278% burn rate surge, and a mysterious $94M Bitcoin transfer to Coinbase.
Published on 2025-04-03

Ripple Locks 700 Million XRP in Escrow

Ripple has secured 700 million XRP tokens in escrow as part of its ongoing program to manage token supply. Typically, the company releases 1 billion XRP monthly for institutional sales and operational costs, with a portion returned to escrow. This move follows March's unique transaction where 700 million XRP were escrowed without the usual release. Analysts note Ripple holds several billion XRP outside escrow, indicating strategic management of its reserves.

SHIB Burn Rate Skyrockets by 12,278%

The Shiba Inu community saw a dramatic 12,278% increase in SHIB burns over 24 hours, removing 115 million tokens from circulation. This surge coincided with Shibarium, SHIB's layer-2 solution, surpassing 1 billion transactions. Since 2021, over 410 trillion SHIB have been burned, leaving approximately 584 trillion in circulation. SHIB currently trades at $0.00001206, down 3.08%.

$94 Million Bitcoin Transfer to Coinbase

A significant Bitcoin transfer of 1,097 BTC ($94 million) was moved to Coinbase, initially believed to be from an unknown wallet. However, Arkham Intelligence linked the funds to ARK Invest's Bitcoin ETF (ARKB). This transfer highlights recent ETF outflows, with ARKB alone shedding 1,027 BTC. The movement suggests liquidation activity amid substantial outflows from Bitcoin ETFs.

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