Crypto News Digest from U.Today

Over the weekend, several significant developments occurred in the crypto industry. Here are the top three stories:

### Shiba Inu (SHIB) on the Brink of Exiting the Trillionaires Club

Shiba Inu appears to be on the verge of leaving the trillionaires club, as whale transactions and overall trading activity have notably decreased in recent weeks. On October 6, there were only 88 large transactions involving SHIB, down from a seven-day peak of 383 transactions on October 1. This decline suggests waning interest from major investors, with the high transaction volume dropping from 8.27 trillion SHIB to 1.6 trillion in just a week. This significant downturn indicates that larger holders may be biding their time for clearer market signals before re-entering. As of the latest update, SHIB is trading at $0.00001841, reflecting a 3.35% increase in the last 24 hours. The coin’s future hinges on whether whale interest will return and how the broader market trends, particularly in overcoming crucial resistance levels that have restricted its upward momentum.

### Max Keiser Doubts XRP Rally

In recent remarks, outspoken crypto advocate Max Keiser expressed skepticism about the potential for a rally in XRP, the token connected to Ripple. Keiser stated that XRP had no chance of experiencing a significant price increase, depicting the plight of holders with a GIF of a struggling crow. His comments followed news of the SEC’s appeal against a ruling made by Federal Judge Analisa Torres concerning the ongoing lawsuit. Following the announcement of this appeal, XRP’s price saw a notable drop. As of now, however, XRP has risen slightly, trading at $0.5428, up 1.74% in the past 24 hours. Ripple’s CEO, Brad Garlinghouse, termed the SEC’s appeal as “infuriating” and reaffirmed the company’s commitment to continue its legal battle against the regulator, having already expended over $200 million in legal costs.

### Bitcoin Core Releases Major 28.0 Update

The Bitcoin development team has announced the release of Bitcoin Core 28.0, occurring nearly six months after the previous version. This update brings a host of improvements and bug fixes designed to enhance the Bitcoin network’s functionality and security, including upgraded privacy features for users. This release addresses recent warnings about high-risk vulnerabilities affecting a significant portion of Bitcoin nodes, which were susceptible to Denial of Service (DoS) attacks. The enhancements included in Bitcoin Core 28.0 aim to bolster the resilience of nodes against such threats. Furthermore, the update introduces support for reproducible builds, fostering greater trust and transparency within the Bitcoin community by enabling users to compile the same binaries available on the official Bitcoin Core channels.

These stories illustrate the dynamic and often unpredictable nature of the cryptocurrency market.