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SHI Stablecoin May Be Launched Soon, SHIB Team Hints

On September 26, Lucie, the official marketing lead of the Shiba Inu project, shared crucial details regarding the SHI stablecoin in an X post. Lucie clarified that SHI is currently in development and not yet released. Introduced by SHIB creator Ryoshi in 2021, SHI is designed as a stable, decentralized currency. The initial pegging proposal was at $0.01, though the mechanism remains undetermined. Lucie stated that SHI aims to enhance liquidity, encourage user engagement within the Shibarium ecosystem, and serve as a foundational asset for DeFi applications. It is expected to stabilize transactions and attract new users by minimizing risks associated with crypto price fluctuations. The official launch will occur once the ecosystem's infrastructure ensures stability and utility within decentralized finance.

Ripple Cofounder's Alleged 30 Million XRP Coinbase Move Worries XRP Community

In an unexpected development on September 20, Chris Larsen, a cofounder of Ripple, activated his wallet for the first time in 11 years, transferring 50 million XRP worth over $29 million to an unknown wallet. This sparked concern among XRP enthusiasts, particularly after 30 million XRP were sent to Coinbase following a series of transfers. The community is divided over whether Larsen intends to sell the XRP or utilize it for Ripple's On-Demand Liquidity (ODL) service. Speculation around a potential hack also arose, yet Larsen has not commented on these concerns.

Another Satoshi-Era Wallet Gets Activated

Recently, there has been a notable increase in the activation of ancient Bitcoin wallets. On September 26, a wallet containing 28 BTC, valued at approximately $1.8 million, awakened after 13 years of dormancy. Two other early Bitcoin addresses were also activated on September 24 and 22, involving 24 BTC and other transactions. However, on-chain analysis suggests these coins are likely not connected to Bitcoin's creator, Satoshi Nakamoto. The Bitcoin community is speculating on the reasons for this uptick in activity, with theories ranging from hacks to users rediscovering their passwords.

This article was originally published on U.Today.