PakGazette – Take a look at what happened in the world of cryptocurrencies by reading the top three news stories from PakGazette.
MicroStrategy’s Saylor offers $600 million buyout to Jeff Bezos
In a recent article, the “Daily Mail” reported that Amazon (NASDAQ:) founder Jeff Bezos is preparing to marry his fiancée, Lauren Sanchez, in a ceremony expected to cost around $600 million in Aspen, Colorado. According to information provided to the British tabloid by several sources, Bezos has acquired an expensive sushi restaurant with capacity for 180 guests and has rented several luxury mansions for high-profile guests. However, shortly after publication, the Amazon founder took to social media to claim that the story published by the “Daily Mail” is “completely false.” Still, this didn’t stop MicroStrategy co-founder Michael Saylor from responding to Bezos’ denial of the “Daily Mail” claims; In his comment, Saylor suggested that Bezos should consider investing $600 million in Bitcoin instead of spending lavishly on his upcoming wedding. “$600 million would buy a lot of Bitcoin,” Saylor wrote.
Almost no new investors come
Recent on-chain metrics indicate a worrying trend for XRP. According to data provided by XRP Scan, the number of new accounts created has decreased drastically. In contrast to the spike in activity seen earlier in the year, when over 30,000 new accounts were activated in a single day, only 1,756 new accounts were created on December 22, 2024. This significant drop suggests that XRP is not attracting new investors. . Meanwhile, trading activity on the XRP Ledger has also declined, further reflecting declining engagement from retail and institutional users. Currently, XRP is struggling to break free from a descending triangle pattern, with its price hovering around $2.30. This negative outlook is compounded by a decline in user growth and network activity, raising concerns about the future of the asset in the crypto market. However, there is still hope for a turnaround, possibly through major partnerships or network upgrades.
SHIB burns surge 936%, price reacts unexpectedly
Data revealed by tracking platform Shibburn demonstrates that the rate at which SHIB meme coins are removed from circulation has increased significantly, with millions transferred to dead-end wallets. Yesterday, December 23, the community burned 6,690,287 SHIB, resulting in a notable 936.52% increase in the daily burning rate. The two largest transactions represented 3,507,923 and 2,300,437 SHIB, respectively. However, despite this increase in burning activity, the weekly burning figures are currently negative, showing a decrease of almost 60%, with 62,381,241 SHIB coins locked in non-spendable wallets over the last seven days. At the time of writing, SHIB is changing hands at $0.00002303, up 8.05% in the last 24 hours, according to CoinMarketCap.
