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Top Crypto Developments: Bitcoin Gift, Ripple USD, and Shibarium Milestone

Explore significant developments in the crypto market, including Michael Saylor's Bitcoin gift, Ripple USD's listing, and Shibarium's transaction milestone.
Published on 2024-12-26

Michael Saylor's Bitcoin Gift to Shareholders

Michael Saylor, founder of MicroStrategy, recently announced a substantial benefit for Bitcoin shareholders. The company’s treasury operations generated approximately 3,177 BTC, valued at around $299 million. This move underscores MicroStrategy’s strategy to enhance shareholder value through strategic Bitcoin accumulation and yield-generation initiatives. Additionally, the company made headlines by acquiring $561 million worth of Bitcoin, bringing its total holdings to 444,262 BTC, valued at roughly $27.7 billion.

Ripple USD Stablecoin Listed on Major Exchange

The Ripple USD (RLUSD) stablecoin has officially been listed on Bullish, an institutional crypto exchange. This addition allows users to trade across seven markets, including RLUSD/USDC and BTC/RLUSD. The stablecoin, which went live after receiving regulatory approval from the New York State Department of Financial Services, is gaining traction in the market. With a current market cap of $73.5 million, RLUSD ranks as the 672nd largest cryptocurrency. It is also available on other platforms like Independent Reserve, Bitso, and Uphold.

Shibarium Achieves Transaction Milestone

Shibarium, Shiba Inu's layer-2 solution, celebrated a significant achievement by surpassing 700 million transactions. Since its launch in August 2023, Shibarium has recorded over 708 million transactions across more than 2 million wallet addresses. This milestone highlights the strong community engagement and rapid growth of the ecosystem. Shibarium is also enhancing its user interface to improve compatibility with popular self-custody wallets such as Coinbase Wallet, Trust Wallet, and MetaMask.

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