Crypto News Digest by U.Today
U.Today presents its latest news roundup of the hottest crypto news from the weekend, check it out!
Take a look at what happened in the crypto world over the weekend with U.Today’s top four news stories.
LUNC, USTC and LUNA can gather at this Do Kwon surprise
LUNC, USTC and LUNA, cryptocurrencies of Terra ecosystem, continues to regularly demonstrate unimaginable price moves in their charts. Such a pirouette could happen very soon as Unchained Podcast host Laura Shin announced the appearance of Do Kwon in the show’s next episode. As stated in Shin’s tweet, the episode featuring Do Kwon will be released this coming Tuesday, October 18, and will allow listeners to get answers to their most pressing questions about Terra, the Founder, and their collapse. While Kwon’s appearance could significantly shake up the quotes of the ecosystem’s cryptocurrencies, one should not overlook the risk of the event being heralded.
SEC v. XRP: Ripple partner TapJets defends XRP tool in new court case
After amicus brief filed by Ripples Philippine partner I-Remit, another Ripple partner, TapJet’s private airline, decided to join the cause. The company has also filed an amicus brief to support the fintech giant in its lawsuit with the SEC. In its brief, TapJets presented the utility and value of XRP through the use of the cryptocurrency as currency in the use case. Due to the nature of its business, the company could not simply accept fiat money. In addition, the use of XRP helped speed up payments where a conventional bank would not be able to. When the SEC began investigating XRP, exchanges removed the crypto from trading, making it impossible for TapJets to convert it to fiat.
Cardano Will Outpace Ethereum, Top Crypto YouTuber Predicts
The Twitter crypto community has been fired up by a recent prediction made by controversial cryptocurrency YouTuber Ben Armstrong, also known as BitBoy. He believes that Cardano will eventually surpass Ethereum in market capitalization, and expects this to happen six or ten years from now. Some overly optimistic Cardano supporters reinforced Armstrong’s prediction, saying such a “flipping” is a real possibility in the long term. At press time, Cardano is valued at $12.8 billion. While quite impressive, this pales in comparison to Ethereum’s $156 billion market cap.
“Amazon SHIB burner” is catching up with the September burns
According to an announcement from Travis Johnson, a smartphone game developer who runs the “Shib Super Store,” aims to catch up and then surpass the amount of SHIB burned in September, even if October is only half. To burn meme coins, Travis uses Amazon affiliate program, as well as one from Fiverr and MEXC crypto exchange. As mentioned in Johnson’s tweet, so far the total amount of SHIB burned this month is 84,729,064 SHIB (or $860 in fiat equivalent). Meanwhile, the amount of burns done by the SHIB community has decreased recently: last week, only 385.1 million meme coins were sent to dead-end wallets.
