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Top Crypto News: Ripple CEO Supports CFTC Nominee, Shibarium Nears 1 Billion Transactions, and Bitcoin's Path to $1M

Discover the latest developments in the crypto space, including Ripple's endorsement of a new CFTC chair, Shibarium's milestone, and Bitcoin's potential surge to $1 million.
Published on 2025-02-14

Ripple CEO Backs CFTC Nominee

Ripple CEO Brad Garlinghouse has expressed support for Brian Quintenz's nomination as chair of the Commodity Futures Trading Commission (CFTC). Garlinghouse emphasized the CFTC's critical role in maintaining robust U.S. markets. Quintenz, currently heading policy at Andreessen Horowitz’s crypto division, is seen as a favorable choice for the crypto industry. His nomination has garnered praise from industry leaders, who believe he will advance DeFi and promote coordinated regulation in the blockchain space.

Shibarium Approaches 1 Billion Transactions

Shibarium, a layer-2 solution, is nearing a significant milestone of 1 billion transactions. Currently at 947 million, it is expected to reach this landmark in approximately two weeks. Since its launch in August 2023, Shibarium has demonstrated rapid growth, crossing 500 million transactions in November. With a total block count of 9.5 million and over 2 million hosted wallets, experts suggest that increased adoption could positively impact the price of SHIB, which is currently trading at $0.0000167, up 3.20% in the last 24 hours.

Samson Mow Outlines Six Paths to $1M Bitcoin

Samson Mow, a prominent Bitcoin advocate, has outlined six potential catalysts that could propel Bitcoin to $1 million. These include supply shock from institutional buying, governments adopting Bitcoin as a reserve asset, a potential rebasing of the U.S. dollar to satoshi, nation-state FOMO, and a shift from gold to Bitcoin as a safe-haven asset. Mow believes these factors could collectively drive significant liquidity into Bitcoin, leading to unprecedented price growth.

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