Ripple (XRP Coin) Partners with OpenEden to Expand XRP Ledger with Tokenized US Treasury Bills

• Recently, Aevo commenced the buy-back process of its AEVO tokens starting August 1st.
• Additionally, a notable whale has transferred $15.67 million worth of PEPE and MOG tokens to a new address.
• Ripple (XRP Coin) has announced a significant partnership with OpenEden, a leading provider of tokenized real-world assets (RWA).

Stay updated on the recent movements in the cryptocurrency world with news about PEPE, SHIB, XRP Coin, and more.

Aevo Initiates AEVO Tokens Buy-back

Aevo embarked on its token buy-back initiative on August 1st. In an earlier transaction in July, the project repurchased 1 million AEVO tokens at an average price of $0.446 each. The goal is to buy back at least 1 million AEVO tokens monthly from July to December. This consistent buy-back strategy indicates a robust commitment to stabilizing and potentially enhancing the token’s market value.

Significant Whale Movement: PEPE and MOG

On-chain surveillance has revealed that a significant crypto whale, identified by the address 0x7ea…41416, has just transferred $15.67 million worth of PEPE and MOG tokens to a new address. This ‘smart money’ address initially acquired 51.54 million PEPE tokens at a nominal price of $0.000001671 each, amassing a substantial profit as the value surged more than fivefold. In a similar vein, the whale also invested in MOG, gaining an impressive 478-fold return over the past year.

Ethereum’s Transfer Shifts Market Focus

Grayscale’s wallet has recently transferred 40,838 ETH, equivalent to approximately $130 million, to Coinbase Prime. As Ethereum’s value dipped by around 6% to $3,110 at the time of writing, such substantial movements are pivotal in understanding market behavior and forecasting potential price shifts.

Circle EURC Now Available on Base Network

The stablecoin issuer Circle has announced the launch of its Euro stablecoin, EURC, on the Base network. Key partners supporting EURC at launch include Aerodrome, Coinbase, Coinbase Wallet, and Uniswap. This development aims to enhance the liquidity and utility of the European digital currency within the decentralized ecosystem.

Whale Accumulates CRV Tokens Amid Market Volatility

Recent data highlights a whale increasing their CRV holdings by 5.5 million tokens, which equates to approximately $1.51 million. Over the last 30 hours, this investor has accumulated a total of 18 million CRV tokens from Binance and OKX at an average price of $0.26 each. This accumulation has correlated with a 12% rise in CRV’s price to $0.284.

Ripple Expands with OpenEden Collaboration

Ripple has made significant strides by partnering with OpenEden to introduce tokenized U.S. Treasury bills (T-bills) on the XRP Ledger (XRPL). This initiative not only broadens the use of XRPL but also demonstrates the growing institutional adoption of decentralized finance (DeFi) solutions. The collaboration involves Ripple allocating USD$10 million to OpenEden’s TBILL tokens, marking a substantial investment in tokenized T-bills supported by the U.S. Treasury.

Shiba Inu Burns 379 Million Tokens in July

The Shiba Inu (SHIB) community continues its deflationary efforts by burning a total of 379 million tokens in July. While this figure is lower compared to previous months, it underscores the community’s ongoing commitment to decreasing SHIB’s supply and potentially boosting its market value. Notably, over 8.5 million tokens were burnt within just the last 24 hours of July, highlighting a significant spike in burn activity.

Conclusion

The cryptocurrency market is dynamic and ever-evolving, with significant events occurring almost daily. Aevo’s AEVO token buy-back, the hefty whale movements in PEPE and MOG, and Ripple’s strategic partnership with OpenEden illustrate the diverse and transformative changes within the ecosystem. Investors and enthusiasts must stay informed, as these developments could shape future trends and opportunities within the crypto landscape.