What news did the weekend bring? Read U.Today’s Crypto News Digest to find out!
Let’s take a look at what happened in the crypto industry over the weekend with the top four news from U.Today.
SHIB takes another community step
The SHIB community keeps growing day by day. On Friday, June 24th, meme coin enthusiasts celebrated another milestone as the number of SHIB holders hit a new all-time high, approaching the two million mark. This is a growth of almost 1 million in just one week from 1,182,817, demonstrating that long-term interest in this digital asset remains stable and even increasing. Meanwhile, Shiba Inu returned as the largest token by USD value. According to WhaleStats, Ethereum whale SHIB holdings are again above the $500 million level; their hideouts are worth Shiba’s $525,200,856. This equates to 13.55% of the total whale portfolio and 48,674,778,127,896 Shiba Inu.
Cardano Reaches ‘Milestone’ on Vasil’s Upgrade Road
Input Output, the company behind gimbal, announced the release of the Cardano node 1.35.0. As the company stated, this is a “significant milestone” on the road to the Vasil hard fork. At the moment, the development team is preparing for the release of the Cardano testnet. The testnet update proposal will be submitted as soon as 75% of all stake pool operators are on board, thus ensuring the required level of channel density.
Previously, Vasil’s upgrade was postponed as the team wanted to make sure everything would be deployed correctly. Originally scheduled to launch at the end of June, Vasil is now expected at the end of July.
Celsius facing bankruptcy
The Wall Street Journal reports that the embattled cryptocurrency lender Celsius faces potential bankruptcy. As U.Today reports, the company halted all withdrawals two weeks ago, causing the market to panic greatly. The deposits of around 500,000 users have been frozen. According to the article, Celsius has now hired more bankruptcy consultants from global professional services firm Alvarez & Marsal. On June 15, Celsius CEO Alex Mashinsky tweeted that his team was working “non-stop” to resolve the issue. Securities officials in five separate states have already begun investigating struggling cryptocurrency lenders.
600 million DOGE sent anonymously to Robinhood
According to tracker @DogeWhaleAlert, Anonymous Wallets moved four big chunks of Dogecoin, the sum of which was 600 million meme pieces. One of them moved 299,000,000 DOGE, and the other three carried 100,000,000 Canine Tokens each. The first block of 299 million was moved to a top 20 wallet, and the rest of the DOGE was transferred to the Robinhood platform. As reported by the aforementioned DOGE tracker, at the moment the Robinhood app holds a total of 40,438,384,662 Coins worth $2,539,611,434. This represents 30.48% of the total circulating DOGE supply. To store these Dogecoins, the platform uses two known wallets, 3334959 and 1699275, on eight known addresses.