Top Crypto News: XRP, SHIB, and Ethereum Updates

XRP Shows Strong Momentum with Rare Golden Cross

XRP has made headlines with its recent price activity, sparking speculation about potential bullish trends. The token has surged 367% against Bitcoin since November and has formed a golden cross on the weekly chart, a technical indicator often linked to strong upward momentum. Currently valued at 0.000026 BTC, XRP has seen a 33.8% rise in the last 24 hours. While this signals optimism, the volatile nature of the crypto market keeps the outlook uncertain.

SHIB Sees Unusual On-Chain Activity

Shiba Inu (SHIB) has experienced a significant on-chain anomaly, with whale wallets showing a 673% increase in outflows totaling 6.51 trillion SHIB in 24 hours. Interestingly, inflows matched outflows, resulting in a net outflow of 3.29 billion SHIB, worth approximately $50,000. This activity suggests a divided sentiment among large SHIB holders, with both buying and selling occurring at high levels. SHIB's price remains stable, hovering between $0.0000147 and $0.000017.

Ethereum's Pectra Hard Fork to Boost Layer-2 Capacity

Ethereum co-founder Vitalik Buterin has announced that the upcoming Pectra hard fork will double the capacity of layer-2 networks by increasing the blob target from 3 to 6. Blobs, introduced in the Dencun hard fork, aim to enhance scalability. Buterin emphasized the importance of scaling to retain users, warning that competitors may attract users if Ethereum fails to deliver. Scheduled for March, Pectra includes various Ethereum improvement proposals (EIPs) and was initially planned as the most ambitious upgrade before being split into two. Buterin also suggested that the blob target should be adjustable via staker voting, allowing for flexibility without waiting for future hard forks.