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# U.Today Crypto News Summary: SEC Ends Lawsuit Against Consensys, Unexplained Billions of SHIB Removed from Coinbase, XRP Transactions Soar to 2 Million
Disclaimer: The opinions of our writers are entirely their own and do not represent the opinions of U.Today. Market and financial data presented on U.Today is for informational purposes only. U.Today is not liable for any financial losses incurred as a result of cryptocurrency trading. Always seek advice from a financial professional and do your own research before making any investment decisions. We believe all content is accurate as of the publication date, but certain offers mentioned in this article may no longer be available.
Here are the top three stories from U.Today from the last day.
XRP Transactions Soar to 2 Million: What’s the Cause?
XRP network activity saw a considerable rise on Tuesday, February 25th. On-chain data showed a total of 2,054,526 transactions completed that day. The cause for this surge is unknown, but it might be connected to fund transfers. Another potential reason for the increased network use could be substantial settlements or transactions on the XRP ledger, with the increased volume possibly due to technological progress or new collaborations. As of the time of writing, XRP was trading at $2.09, according to CoinMarketCap, down 5.31% in the last 24 hours, but still above the crucial $2.00 threshold. If the asset cannot maintain this level, it might test the $1.79 support below. However, if XRP surpasses $2.50 and sustains its current momentum, it could initiate a rally towards the $2.75-$3.00 range. Toncoin (TON) Value Forecast for March 26th
Unexplained Billions of Shiba Inu Removed from Coinbase
Coinbase, one of the largest cryptocurrency exchanges in the U.S., recently saw a significant outflow of Shiba Inu. About 169.63 billion SHIB, valued at around $2 million, were withdrawn over the past four days.
# U.Today Crypto News Summary: SEC Ends Lawsuit Against Consensys, Unexplained Billions of SHIB Removed from Coinbase, XRP Transactions Soar to 2 Million
Disclaimer: The opinions of our authors are entirely their own and do not represent the opinions of U.Today. Financial and market data presented on U.Today is for informational purposes only. U.Today is not liable for any financial losses incurred as a result of cryptocurrency trading. Always seek advice from a financial professional and do your own research before making any investment decisions. We believe all content is accurate as of the publication date, but certain offers mentioned in this article may no longer be available. Kiyosaki: Global Economy Declining, Predicts Bitcoin at $200,000
Here are the three major headlines from U.Today over the past 24 hours.
XRP Transactions Soar to 2 Million: What’s the Cause?
XRP network activity saw a considerable rise on Tuesday, February 25th. On-chain data showed a total of 2,054,526 transactions completed that day. The cause for this surge is unknown, but it might be connected to fund transfers. Another potential reason for the increased network use could be substantial settlements or transactions on the XRP ledger, with the increased volume possibly due to new collaborations or technological progress. As of the time of writing, XRP was trading at $2.09, according to CoinMarketCap, down 5.31% in the last 24 hours, but still above the crucial $2.00 threshold. If the asset cannot maintain this level, it might test the $1.79 support below. However, if XRP surpasses $2.50 and sustains its current momentum, it could initiate a rally towards the $2.75-$3.00 range.
Unexplained Billions of Shiba Inu Removed from Coinbase
Coinbase, one of the largest cryptocurrency exchanges in the U.S., recently saw a significant outflow of Shiba Inu. About 169.63 billion SHIB, valued at around $2 million, were withdrawn over the past four days.
An individual has recently relocated a substantial quantity of Shiba Inu tokens – specifically, we are referencing 5 million SHIB altogether – from Coinbase’s primary storage location (their “hot wallet”). However, this did not occur simultaneously. It transpired in four distinct portions, spearheaded by an IMMENSE transaction consisting of nearly 63 billion SHIB.
