This past weekend saw significant developments in the crypto world. Key highlights include Jed McCaleb speaking on XRP sales, Binance's plans to delist five cryptocurrencies, and a dramatic surge in SHIB burning.
Jed McCaleb Speaks on XRP Sales
Jed McCaleb, cofounder of Ripple, recently addressed accusations regarding his XRP sales in a post on X. McCaleb explained that he left the company as he no longer believed in the project and informed the Ripple community about his departure. He emphasized that he announced his intentions to allow people to make informed decisions. In 2012, McCaleb received 9 billion XRP and by 2022, sold all his tokens, earning $3.2 billion.
Binance to Delist 5 Cryptocurrencies
On March 21, the X account of Wu Blockchain revealed that Binance, the world's largest crypto exchange, plans to delist five digital assets: Aergo (AERGO), AirSwap (AST), BurgerCities (BURGER), COMBO (COMBO), and Linear Finance (LINA). The exchange cited its regular assessment of assets' industry standards compliance. These cryptocurrencies will be removed from all spot trading pairs on March 28, 2025, with withdrawals ceasing after March 27, 2025. Binance also announced a new 'Vote to Delist' feature, enabling users to vote on which projects should be removed.
SHIB Burns Record Surge: What's Happening?
The Shiba Inu community was taken aback by a 771,019% increase in the SHIB burn rate over 24 hours on March 22. During this period, 18,684,231 SHIB were destroyed. The figure does not entirely explain the massive spike, suggesting the possibility of a larger undocumented burn transaction. Over the past week, a total of 74,896,709 SHIB was burned.
The weekend brought significant news to the crypto industry. Jed McCaleb clarified his position on XRP, Binance prepared to remove several cryptocurrencies, and the perplexing SHIB burn surge surprised the community. These events underline the volatility and unpredictability of the cryptocurrency landscape.
