PakGazette: Here are the top three news stories brought to you by PakGazette.
USD (RLUSD) launch date finally revealed
After a long wait, the XRP community finally received the launch date for Ripple’s stablecoin, Ripple USD (RLUSD). According to the official announcement from the San Francisco-based blockchain company, the stablecoin will launch today, December 17. RLUSD will soon be available on major cryptocurrency exchanges including Uphold, Bitso, and MoonPay. As PakGazette reported, the long-awaited stablecoin was approved by the New York State Department of Financial Services (NYDFS) last week. Ripple President Monica Long wrote in her recent X post that the launch of RLUSD marks “a new chapter” for both the XRP Ledger and Ripple. Another top Ripple executive, David Schwartz, warned against speculation on the stablecoin’s price and emphasized that its supply will stabilize quickly.
Updated: Ripple’s official X account just shared that RLUSD is active on global exchanges.
Satoshi about to surpass Bill Gates
In light of the latest price surge, Satoshi Nakamoto, the mysterious creator of the iconic cryptocurrency, has become the 16th richest individual globally, with an estimated net worth of $106 billion, surpassing Michael Bloomberg, co-founder of Bloomberg LP. on track to potentially surpass Bill Gates in wealth. As PakGazette reported yesterday, Bitcoin hit a new all-time high of $106,533, and its price rose even further at the time of writing: $107,616. However, the determination of Satoshi’s wealth ranking remains uncertain, as it is unclear whether Satoshi is a person or a group of people. Furthermore, recent data from Chainalysis indicates that Satoshi’s holdings amount to approximately 1.124 million BTC, although this figure may not include all relevant wallets.
20,035,968 SHIB burned in 24 hours: What is happening?
Data from tracking platform Shibburn shows that over the previous 24 hours, the SHIB community has withdrawn a significant volume of SHIB tokens from circulation. During this period, the burning rate increased by almost 2,000%, with a total of 20,035,968 SHIB burned. The largest transaction here burned more than half of that amount: 11,196,225 SHIB. The second largest transfer after burning 8,804,670 SHIB. Weekly burning statistics show an alarming decrease of 92.69%, with 175,061,914 SHIB burned in total over the past week compared to daily figures. Despite Bitcoin’s recent rise to an all-time high, the Shiba Inu price was almost unaffected. At the time of writing, the SHIB token is changing hands at $0.00002723, up 1.51% in the last 24 hours, according to CoinMarketCap.
