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SHIB Partners with Marvel Collaborator, Elon Musk Comments on Tesla’s BTC Sales, XRP Suspicious Activity on Exchanges Continues: Crypto News Digest by U.Today

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Cryptooshala brings you four top stories from the past day.

Shiba Inu Collaborates With Longtime Marvel Employees

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According to the official announcement, shiba inu the team chose the Third Floor (TTF) to design and build their Metaverse project. TTF is known as the busiest visualization company that has collaborated on projects in Hollywood and around the world, including Avengers: Infinity War, Wonder Woman, Thor: Ragnarok and other high-profile films. Through a newly established partnership, TTF will help Shiba Inu developers define and develop virtual environments, buildings, and landmarks for a real Shiba-inspired universe. The artistic vision shared by the Shiba Inu community was “inspiring,” says Dane Smith, Chief Creative Officer at TTF. He believes that the Metaverse has the potential to offer an infinite number of mixed reality possibilities and experiences.

Elon Musk Clarifies His Bitcoin Position After Tesla’s Reversal

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After Tesla, a leading e-car manufacturer, shocked the entire market by dumping most of its bitcoin holdings (worth $936 million in BTC), its CEO Elon Musk was quick to comment on the company’s decision. The cent-billionaire explained that the move should not be taken as a doom for the flagship cryptocurrency, saying that Tesla was forced to liquidate its assets due to the company’s concerns about its overall liquidity due to the shutdowns in China. Musk also added that Tesla is open to increasing its bitcoin holdings going forward.

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Meanwhile, Bitcoin dropped to $22,650 on the news. However, at press time, the royal cryptocurrency has managed to recover, climbing to $23,680.

Millions of dollars worth of XRP continues to flow to exchanges and wallets, now directly from a Ripple address.

The market continues to watch suspicious activity with XRP tokens first discovered on Friday. Yesterday, according to WhaleAlerts, 60 million XRP worth $21.86 million was transferred from a Ripple address to an unknown wallet. Then, three hours later, the same amount of XRP was sent from an unknown wallet to Mexican crypto exchange Bitso. In addition to this, within an hour, 59.9 million XRP were withdrawn from one Bitso address to another or the same address from which they were originally received. However, none of the aforementioned transactions impacted the price of XRP – the Ripple-linked token continues to trade at the top of the price range, where it hits a strong resistance level at $0.375. A possible explanation for this activity could be that XRPL or Ripple are preparing big announcements or upgrades, or perhaps it’s just the movement of tokens from one pocket to another.

Game Veteran William Volk Sees Something Big at SHIB

In a recent tweet, a game veteran William Wolf, who is also known as the lead consultant for the Shiba Inu Games version of Shiboshi, responded to the cloud shower teaser video posted on the official SHIB account by writing that “something” seems to be coming for the meme token. Volk became a consultant for Shiba Inu Games back in November 2021. Meanwhile, on July 20, Shiba Inu broke a record milestone with over 1,210,000 holders. According to WhaleStats, there are 1,211,989 Shiba Inu owners at the time of publication. In addition, the dog coin is back as the largest token position for the top 100 ETH whales. The top 1000 ETH wallets currently hold 57,414,619,561,170 SHIB worth $658,535,219.



Credit : u.today

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