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Crypto

XRP reserves diverge, down at Binance and up at South Korean exchanges

XRP reserves moved in opposite directions at Binance and South Korean exchanges, according to data cited by The Crypto Basic. Binance’s XRP holdings fell from 2.705 billion on Sept. 27 to 2.604 billion on Oct. 13. Upbit and Bithumb increased their holdings over similar periods. Withdrawal transactions accounted for a larger share of activity, while deposit shares fell. The figures do not show actual token flows or investor intent, the report said.

Crypto

Shiba Inu top 1 percent requires 380 million SHIB, analysis of 1.68 million wallets shows

At least 380 million SHIB is needed to rank in the top 1 percent of Shiba Inu holders, an analysis found. Of about 1.68 million wallets holding the token, 16,785 exceed that threshold. At a price of $0.0000053, buying 380 million SHIB would cost about $2,014. If the token returns to its previous record high of $0.00008845, that holding would be worth about $33,611.

Crypto

Hashdex \'DEFI\' heads for liquidation as smaller bitcoin ETFs struggle to gain ground

Asset manager Hashdex has started liquidation procedures for its bitcoin spot exchange-traded fund, DEFI. The fund ended trading on NYSE Arca on Aug. 17 and stopped accepting new trade orders the same day. Hashdex plans to sell remaining bitcoin, wind down operations and return residual assets to investors in cash based on net asset value. The move comes as overall bitcoin spot ETF inflows continue, led by BlackRock’s IBIT.