Major Korean Crypto Exchanges Suddenly Rename XRP, 3,368,549,976,020 Shiba Inu in One Minute, Dogecoin Open Interest Jumps 9.2 Billion in 24...

Top Crypto News of the Weekend

Korean Exchanges Rename XRP to Clarify Token Identity

On February 7th, major South Korean exchanges Coinone, Upbit, and Bithumb rebranded XRP to distinguish it from Ripple, the company that created it. This aligns with Ripple's official recommendation to use "XRP" exclusively for the digital asset to avoid confusion with the company name.

Massive Shiba Inu Transaction Raises Eyebrows

Whale Alert detected a colossal transaction of 3,368,549,976,020 SHIB on February 7th, moving the tokens between unknown wallets within a single minute. The transfer's value exceeded $51 million, sparking speculation about its purpose, potentially related to portfolio balancing or exchange activities.

Dogecoin Open Interest Soars, Signaling Positive Momentum

As the crypto market rebounds, Dogecoin has seen a surge in open interest, indicating renewed interest from futures traders. On February 8th, committed assets to Dogecoin futures reached 9.16 billion DOGE, amounting to over $2.2 billion. Gate.io, Binance, and other major exchanges reflect this heightened activity, hinting at a potential breakout for DOGE.