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Heres a summary of the leading crypto news from U.Today over the previous weekend: Jed McCaleb defends his XRP disposals, Binance removes five virtual currencies, and SHIB’s burn rate sees a huge surge.
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Here’s a quick summary of the top three stories U.Today brought you over the weekend.
**Jed McCaleb on XRP Disposals**
Toncoin (TON) Value Forecast for March 26th
Ripple co-founder Jed McCaleb recently addressed allegations that his XRP disposals were intended to injure backers. In a post on X, McCaleb explained that he informed the Ripple society of his departure because he no longer believed in the project. He contends that announcing his exit before selling allowed people to trade ahead of his disposals. He posed the question of whether it would have been better to sell without informing anyone. As a reminder, McCaleb received 9 billion XRP when Ripple was founded in 2012. He left Ripple a year later and co-founded Stellar. In 2014, McCaleb reached a contract with Ripple to gradually sell his tokens, initially limited to $10,000 per week. By 2022, McCaleb had sold all of his XRP, accumulating $3.2 billion in the process.
**Binance to Remove Five Virtual Currencies**
On Friday, March 21, Wu Blockchain reported on X that Binance, the world’s largest virtual currency exchange.
Greetings! Here’s the scoop on the most recent crypto developments:
Binance is removing five digital currencies: Aergo (AERGO), AirSwap (AST), BurgerCities (BURGER), COMBO (COMBO), and Linear Finance (LINA). They are doing this to ensure that everything listed complies with industry standards. These digital currencies will be removed from all spot trading pairs on March 28, 2025. Withdrawals for these tokens will be stopped on March 27, 2025, at 3:00 AM (UTC). Therefore, if you possess any of these, Binance advises you to resolve them before the deadline. Furthermore, Binance is considering introducing a “vote to delist” functionality, allowing the community to determine which projects should be eliminated.
In other developments, the Shiba Inu (SHIB) community was amazed by a significant increase in the burn rate on Saturday, March 22. According to the Shibburn X account, the burn rate increased by 771,019% in just 24 hours, resulting in a total of 18,684,231 SHIB being burned. The largest burn transaction involved sending 16,035,545 SHIB to a dead wallet, followed by another 1,070,154 SHIB being removed from circulation. However, the quantity of SHIB burned does not exactly match the enormous increase in the burn rate. There may have been an even greater burn transaction that was not recorded on the Shibburn website or X account. Meanwhile, weekly statistics indicate that the community burned a total of 74,896,709 SHIB over the previous week, with the burn rate falling by 86.04%.
Thus, what is the cause of this mysterious 771,019% increase in SHIB burn rate? That is the main question!
