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XRP is up 4.59% in the past two days, but the daily active addresses have surged 1,609% in just 24 hours. This spike in user engagement indicates that investors are interested in the token at the current price level of $2.28. Will this uptick in investor interest translate into an uptrend for the XRP price,
The post XRP’s Daily Active Addresses Spike 1,609% in 24 Hours, Will Price Follow? appeared first on CoinGape.
Industry experts have raised concerns about the tactics allegedly employed by US banks to stifle the growth of major crypto platforms such as Coinbase and Robinhood.
Alex Rampell, General Partner at Andreessen Horowitz (a16z), expressed his concerns in a newsletter on July 31.
Rampell pointed out that banks, including industry giants like JPMorgan, may be deliberately inflating transaction fees. According to him, these institutions are also limiting banking access to undermine the crypto sector.
He explained that a $10 fee on a $100 transfer into a crypto account could dissuade many users from proceeding.
“If it suddenly costs $10 to move $100 into a Coinbase or Robinhood account, maybe fewer people will do it. Or if it costs $10 to get a cheaper loan from a fintech, maybe you’ll be forced to take a crappier one from JPM,” he stated.
He also pointed out that banks might go as far as preventing consumers from linking their bank accounts to crypto or fintech services. This would force them to remain reliant on traditional financial products.
Rampell likened these actions to the controversial “Operation Chokepoint,” a Biden-era initiative that aimed to restrict crypto companies’ access to banking.
However, this time, he argues, the initiative appears to be driven by the banks themselves.
“JPMorganChase is an $800 billion company. Make no mistake: this isn’t about a new revenue stream. It’s about strangling competition. And if they get away with this, every bank will follow,” Rampell argued.
Notably, Tyler Winklevoss, co-founder of Gemini, previously echoed these concerns and warned that banks are actively working to undermine the crypto industry.
He further revealed that his criticisms led to JPMorgan halting its efforts to rebuild banking relations with Gemini.
Despite these efforts to curb the crypto industry’s growth, platforms like Coinbase and Robinhood continue to expand.
Coinbase plans to introduce tokenized stocks, prediction markets, and derivatives for U.S. customers, signaling its ambition to become a full-fledged financial exchange.
Meanwhile, Robinhood is extending its services to over 200 tokenized stocks and ETFs across 31 European countries. The platform is offering commission-free trading and dividend support to attract users in these regions.
The US regulatory environment also remains favorable for crypto, with the Securities and Exchange Commission (SEC) recently unveiling a range of pro-crypto regulations.
These developments suggest that the industry may still have room to grow, despite the ongoing challenges from traditional financial institutions.
The post US Banking Giants Reportedly Trying to Disrupt Coinbase and Robinhood appeared first on BeInCrypto.
Shiba Inu’s Shibarium development team has opened an internal investigation into previous rug pulls allegedly orchestrated by bad actors within its ecosystem.
The probe follows growing unease over how certain projects are exploiting the Shibarium network while undermining its credibility.
On May 31, Davinci.Shib, a core contributor to Shibarium, disclosed the initiative on the social media platform X.
According to him, certain entities within the network have been profiting off the system while simultaneously discrediting it. He added that these groups operate under a veil of criticism while extracting value from the infrastructure they undermine.
According to Davinci, the development team intends to publish any verified findings. However, if evidence remains inconclusive, they will refrain from further action. The goal, he emphasized, is to maintain transparency without fueling baseless speculation.
These developments follow growing warnings from within the Shiba Inu community about malicious actors.
Shiba Inu’s marketing lead, Lucie, recently cautioned users about the rising number of scam attempts. She stressed that attackers can hijack social media accounts to spread misinformation or promote fraudulent projects.
While developers tackle internal threats, Shiba Inu has taken a significant step toward decentralization.
On May 29, the ecosystem officially launched ShibDAO, a community-driven governance framework that empowers users to vote on critical upgrades and proposals.
ShibDAO introduces a tiered governance model that distributes responsibilities across four key DAOs.
SHIB DAO will oversee community initiatives, BONE DAO will guide protocol development, LEASH DAO will mediate internal disputes, and TREAT DAO will fund dApp innovation and ecosystem growth.
The DAO also enables the formation of smaller sub-DAOs, allowing community members to claim a Shib Name (SNS) and establish self-governing groups. These can focus on niche areas such as art, DeFi, or public goods.
Meanwhile, this launch coincided with Bury 2.0, a revamped staking system that enables users to lock SHIB, BONE, LEASH, and TREAT tokens to earn voting power. The longer and larger the stake, the more influence a holder gains within the ecosystem.
“Stake SHIB, BONE, LEASH, or TREAT to gain influence. The more & longer you stake, the more voting power you earn,” Shibarium update stated.
The combined launch of ShibDAO and Bury 2.0 signals Shiba Inu’s evolving ambition—shifting from a meme token to a structured, utility-rich Web3 platform, governed by its community and built for long-term sustainability.
The post Shiba Inu Launches DAO as Developers Investigate Past Rug Pulls appeared first on BeInCrypto.
Michael Saylor’s Strategy is exploring new vehicles to fund its Bitcoin purchase, with the latest play being an initial public offering (IPO). A press release reveals that a Strategy STRC IPO is looming in the distance, but market conditions will decide its eventual rollout. Strategy STRC IPO To Offer 5 Million Shares According to a
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