PK Press Club – Here are the three main news stories of the past day brought to you by PK Press Club.
community receives important warning about new threat: details
XRPScan, a popular XRP Ledger Explorer, recently issued an important warning to the XRP community on the X platform. The warning concerns speculation about an XRP account allegedly linked to the US Treasury. The platform urged users to exercise caution and “perform due diligence before trusting, buying, or selling tokens on the public ledger.” XRPScan emphasized that, like any public blockchain, anyone can create an account on the XRP Ledger and set fields as they see fit, and that explorers serve as neutral platforms that do not censor information unless necessary. of absolute necessity. In light of these concerns, XRPScan has temporarily flagged the suspicious account as spam.
BlackRock (NYSE:) CEO suggests price could reach $700,000
In a discussion with Bloomberg’s Francine Lacqua at Bloomberg House in Davos, BlackRock CEO Larry Fink said the price of Bitcoin could reach $700,000 with broader institutional adoption. Fink shared learnings from a recent conversation with a sovereign wealth fund; the fund asked the head of BlackRock whether it should have an allocation of 2% or 5%. “If everyone adopted this conversation, it would cost $500,000, $600,000, $700,000 per Bitcoin… I’m not promoting it, by the way. It’s not my promotion,” he said. -he declared. As previously reported by PK Press Club, Fink has always maintained that Bitcoin can serve as an alternative to gold, as well as a hedge against currency depreciation and political instability. According to SoSoValue, BlackRock’s iShares Bitcoin Trust ETF has now surpassed $60 billion in net assets.
SHIB burns skyrocketing 5,785%
According to recent data from Shibburn, the SHIB community dumped over 3.2 million SHIB tokens in the previous 24 hours. Thanks to their actions, the burn rate of the dog-themed crypto meme increased by 5,785%. However, despite this sharp increase in burning activity, the price of SHIB has remained relatively stagnant. Over the past week, the total amount of SHIB destroyed reached approximately 63.3 million tokens, although compared to the previous week the burn rate saw a decrease of 6.81%. On January 21, SHIB saw a temporary price increase of 7.71%, reaching $0.00002126, but it later plunged 3.85% to $0.00002043. This price fluctuation appears to be correlated with the movements of Bitcoin, which also hit a recent high before experiencing a decline. Earlier today, SHIB lost its crucial $0.00002 level, but the token eventually managed to regain it, currently trading at $0.00002035, per CoinMarketCap.
