Crypto News Digest by U.Today

Here’s a revised version of the article without any domain URLs:

Top Three News Stories of the Day

Bitcoin May Follow Gold’s 2004 Trend, Claims Lark Davis

In a recent post, popular crypto YouTuber Lark Davis suggested that Bitcoin might mirror the trajectory of gold in 2004. During that time, gold’s price surged following the launch of its first ETF, SPDR Gold Shares by State Street Corporation. Davis posits that once a Bitcoin spot ETF becomes available, it could attract new investors, potentially bringing in $20 to $30 billion into Bitcoin. He estimates that these investors could acquire about 50% of the available Bitcoin at current prices. Davis supports his claims with a chart illustrating that after the gold ETF’s launch, gold prices climbed from approximately $400 per ounce in late 2004 to a peak of $1,939 in 2011. He believes a similar rise is likely for Bitcoin, especially after its price recently soared, briefly surpassing $28,000 following Grayscale’s lawsuit against the SEC.

Ripple Sells Large Amounts of XRP at a Loss; Price Declines After Recent Gains

According to data from WhaleAlert, on September 3, two significant transactions involving XRP were reported. The first transaction involved Ripple Labs transferring nearly 29.7 million XRP to Bitstamp, resulting in a sale value of approximately $15 million. The second transaction involved the Bitvavo digital exchange moving around 425.3 million XRP to an undisclosed wallet. Following these events, XRP’s price dropped by 1.44% on September 4 after experiencing a 4.73% increase since the previous Friday. While it appears that Ripple might have sold tokens at a favorable time just before the price drop, it remains unclear whether the company realized a profit or a loss. At present, XRP is trading at approximately $0.502.

Shibarium Achieves Multimillion Milestone in a Record Time

Within just seven days of its launch, the Shibarium protocol has successfully attracted millions of dollars. Recent data indicates that as of yesterday, the total value locked (TVL) in Shibarium reached an impressive $1.05 million, climbing even higher to $1.47 million on August 30. Additionally, Shibarium reached a significant milestone, with the number of wallets on its network surpassing one million. As of the time of writing, the total transaction count for the Layer 2 protocol stands at 1,098,480.

This revised article summarizes the key points while omitting any specific domain URLs.