U.Today has prepared a summary of the top three news stories over the weekend.
Ripple CTO questions $237 million XRP purchase
A large XRP transaction reported by Whale Alert on Wednesday, May 21, has led to speculation among the crypto community. According to transfer data, almost 237 million XRP worth $567 million were moved to an unknown wallet from the Kraken crypto exchange. The transfer became the talk of the crypto town due to having almost no effect on XRP’s price despite its size, with some X users suspecting some “fundamental issues” with the XRP market. Other community members have opined that the “manipulation” of XRP is “ridiculous.” Ripple CTO David Schwartz commented on the matter, claiming that the transaction is “almost certainly” a withdrawal from the exchange rather than a new purchase. At press time, XRP is changing hands at $2.31, up 1.12% over the past 24 hours, per CoinMarketCap.
Shiba Inu team issues major Shibarium update
In a recent X post, @Shibizens, a Shiba Inu-themed X account devoted to Shibarium-related news, has shared that the SHIB team is announcing an important Shibarium update aimed at enhancing its decentralization. According to the post, rate limits will be implemented on public Remote Procedure Call (RPC) endpoints soon; the change, however, is not meant to restrict access but to encourage developers and users to run their own nodes, enhancing privacy and resistance to censorship. Additionally, self-hosting a node provides increased resilience, making the network harder to control or shut down. As stated in the announcement, while casual users may experience minimal impact, dApps and high-volume users are highly recommended to set up their own dedicated nodes for optimal performance.
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814,661% profit triggers epic Ethereum whale awakening
As reported by Whale Alert, on Saturday, May 24, an old Ethereum wallet created during the pre-mine phase awakened for the first time since 2015. Almost a decade ago, the wallet received 2,153 ETH that was worth around $667 at the time. Nowadays, this amount is worth over $5.43 million. The address “0x10df68” made its first transaction in nearly 10 years, transferring 30 ETH, valued at approximately $75,970, to another wallet, “0x967e37,” which then quickly began routing funds through Tornado Cash. The original wallet remains largely untouched, still holding over 2,100 ETH, while the second wallet now contains only about 2.78 ETH. The immediate use of Tornado Cash has led to speculation that the move may be linked to early Ethereum insiders or possibly even Vitalik Buterin, given his known support for privacy tools. However, there is no definitive proof that it was the Ethereum founder.