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Leading cryptocurrency trading platform Nexo has finally added support for Shiba Inu (SHIB).
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Leading blockchain payments company #Ripple has written to the SEC emphasizing its stance on providing regulatory clarity for crypto. Last month, Hester Peirce, the head of the SEC’s Crypto Task Force, requested public input on establishing clearer crypto taxonomy rules. Her request, titled “There must be some way out of here” suggests a desire to end the regulatory confusion created by the past SEC leadership. Ripple Responds In its response, Ripple criticized the past SEC leadership, particularly the one headed by Gary Gensler. The company emphasized that the SEC’s previous crypto guidance was overly confusing, long, and not backed by the law. Notably, it echoed that the past SEC thrived on creating confusion for market participants to cover its failure to faithfully follow the law. Ripple Proposes 3 Solutions Interestingly, Ripple made three proposals to help the U.S. SEC resolve the confusion created by the previous administration. Return to the First Principle To resolve this confusion, Ripple recommended that the SEC should return to its first principle by regulating only what constitutes securities as defined by federal securities laws. The company suggested that many digital assets, particularly those that do not generate yield or confer rights to profits, should not be classified as securities. Stay Within Statutory Bounds In addition, Ripple urged the SEC to follow the current law instead of establishing new ones that might create further confusion. The company pointed out that only the United States Congress has the ultimate power to create laws. Hence, the SEC should leave the creation of new rules to the U.S. Congress. Need for Clarity Furthermore, Ripple emphasized that the SEC should bring relief by providing regulatory clarity for the crypto market. In this view, the company praised the SEC Corporation Finance Division for clarifying that meme coins are not securities. This clearly suggests that meme-based cryptocurrencies are not subject to U.S. federal securities laws. #CryptoNew
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The Ripple CTO recently responded to a researcher’s claim that #XRP is the “biggest financial scam” the world has ever seen over low DEX volume. A discussion has emerged within crypto circles after analyst Aylo criticized XRP, calling it the largest financial scam in history. His criticism centered on the claim that XRP had produced little value despite reaching a massive $140 billion market capitalization. Ripple CTO Responds to Low DEX Volume Claims Aylo, who conducts research for blockchain resource Alpha Please, pointed to data suggesting that the XRP Ledger (XRPL) had only $44,000 in decentralized exchange (DEX) volume over a 24-hour period. Particularly, he shared a snapshot from DeFiLlama to support his argument, emphasizing that such a low volume was uncharacteristic for an asset with XRP’s market size. He further noted that the XRPL’s total value locked (TVL) stood at just $80.63 million, significantly lower than that of leading blockchain networks with established decentralized finance (DeFi) ecosystems. His comments triggered discussions about the actual utility of XRP and its network. Amid the discussion, Ripple’s Chief Technology Officer, David Schwartz, responded to Aylo’s assertion. He clarified that the specific data referenced likely only accounted for Automated Market Makers (AMMs) on the XRPL. I can't find the exact page you're looking at, but I bet that's just looking at AMMs on XRPL, a miniscule fraction of what people use XRP for. — David "JoelKatz" Schwartz (@JoelKatz) March 21, 2025 Since AMMs represent just a fraction of the network’s usage, he suggested that the quoted volume did not reflect the full scope of XRP’s utility. For context, XRP integrated AMM functionality recently, specifically last March. Despite being a decade-old network, XRPL had only recently pivoted toward DeFi, incorporating NFTs, AMMs, and stablecoins. This relatively new adoption has resulted in a DeFi ecosystem that remains underdeveloped compared to competitors. #CryptoNewss
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"The Truth About XRP: Why the Price Hasn't Pumped—Yet!"
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#shiba⚡ Inu has observed a massive spike in large transaction volume, reaching a peak last witnessed over a month ago. This surge came on the back of a rebound from the meme coin, which saw it recover Tuesday’s losses. For context, SHIB recorded an impressive 3.03% increase on March 19 amid the SEC’s decision to drop its appeal in the Ripple case, essentially offsetting the 3.09% intraday loss on Tuesday, March 18. The rebound push spilled into the next day, with Shiba Inu retesting the resistance at $0.000013 before retracing. Interestingly, this upward push coincided with a rise in whale transaction volume in the Shiba Inu market. Large Shiba Inu Transactions Spike 197% to 7.49T SHIB According to data from IntoTheBlock (ITB), large Shiba Inu transactions worth at least $100,000 saw a considerable spike yesterday, March 20, as SHIB retested $0.000013 for the first time after dropping below the psychological price mark earlier this week. These transactions increased to 7.49 trillion SHIB worth more than $97 million at the $0.000013 price. Notably, this figure represents a 197% increase from the 2.52 trillion SHIB volume recorded the previous day. Interestingly, this metric has continued to increase in the past few days after dipping to a 5-month low of 571 billion SHIB over the weekend. The gradual increase points to a growing interest among large players. Notably, the recent 7.49 trillion SHIB volume marks the highest figure recorded in nearly two months. For context, the market last saw a comparatively large volume on Feb. 2, reaching 15.1 trillion SHIB. However, this volume largely consisted of sell-offs, leading to the price crash in early February to $0.000014. #CryptoNewss
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Metaplanet establishes a Strategic Board of Advisors to drive its #Bitcoin adoption efforts, with Eric Trump appointed as the first member. The company, commonly called the Japanese Microstrategy due to its Bitcoin adoption efforts, made the announcement today. According to the announcement, Eric will serve on Metaplanet’s inaugural board effective immediately. Metaplanet revealed that it established the strategic board to drive its BTC adoption efforts and solidify its position as a global leader in the Bitcoin economy. It emphasized that the members of the board will comprise pro-Bitcoin influential figures and speakers worldwide. Eric Expertise Notably, Metaplanet portrayed Eric as a major business leader equipped with vast experience in finance, strategic growth, and real estate. In addition, the company acknowledged Eric as an influential voice and advocate in driving Bitcoin adoption. Simon Gerovich, Representative Director at Metaplanet, expressed enthusiasm in welcoming Eric as the first member of the company’s board. He suggested that Eric’s business expertise and passion for Bitcoin would be of immense value to Metaplanet, especially as it focuses on becoming one of the world’s Bitcoin treasury companies. Per the announcement, Eric’s appointment signals the company’s commitment to bringing together top-tier advisory talent to enhance its objectives. This includes expanding its Bitcoin treasury and developing innovative financial products to deliver long-term value to its stakeholders. Metaplanet Bitcoin Adoption Efforts Metaplanet has gained popularity in the crypto industry amid its remarkable Bitcoin adoption efforts. The company leveraged MicroStrategy’s (now Strategy) approach to acquire BTC as a treasury reserve asset. Like Strategy, Metaplanet raises funds through bond sales to purchase Bitcoin. Since its strategy mirrors that of Strategy, Metaplanet has been referred to as the Japanese MicroStrategy. #cryptonewstoday
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