Here are the top three news stories from the past day as reported by U.Today.

Shiba Inu Commemorates Vitalik Buterin's Significant Action

In a recent statement, the team associated with the official Shiba Inu X handle addressed its followers to mark a pivotal moment in the project's history. Three years ago, in May 2021, Ethereum's co-founder, Vitalik Buterin, transferred 410 trillion SHIB tokens (approximately $6.7 billion worth at that time) to an inactive wallet, effectively removing them from circulation. This substantial quantity of meme tokens was gifted to Buterin by the Shiba Inu founder, Ryoshi, who allocated 50% of the total SHIB supply to him. The 410 trillion SHIB tokens constituted 90% of the amount sent to Buterin, with the remaining 10% being earmarked for charitable causes. The commemorative post on Shiba Inu's official X handle garnered significant attention from SHIB enthusiasts, amassing 270,000 views and 2,100 likes, indicating the lasting impact of this event on the project's narrative.

Ripple's Stance on XRP Price Manipulation

James K. Filan, a legal practitioner closely monitoring the developments in the Ripple-SEC legal battle, shared insights on the ongoing lawsuit. According to a recent update from Filan, Ripple has submitted a response favoring the sealing of documents related to the SEC's requests for judgment and remedies. Notably, Ripple clarified that it has ceased selling XRP tokens via over-the-counter transactions. Bill Morgan, a legal analyst and digital asset enthusiast, responded to Filan's update, emphasizing that Ripple's affirmation deals a significant blow to the narrative suggesting that Ripple intentionally suppresses XRP prices by releasing tokens into the market. Morgan highlighted the absence of favorable terms for XRP sales to ODL customers, debunking claims of price manipulation and asserting Ripple's adherence to transparency.

Ethereum's Price Momentum Towards $4,100

A prominent crypto analyst, Jelle, shared insights on Ethereum's price trajectory through a falling wedge pattern. Jelle projects a potential breakthrough towards the $4,100 mark as Ethereum, the second-largest cryptocurrency by market capitalization, adheres to the expected pattern. The analyst anticipates some volatility in the near term before a possible upward surge, speculating that forthcoming ETF announcements next week could propel Ethereum's value beyond $4,100 and potentially to new all-time highs. Currently trading at $3,760, Ethereum has shown resilience, with a 25.58% increase over the past 30 days. The positive market outlook is amplified by recent regulatory advancements in the U.S. regarding Ethereum spot ETFs.