Ripple Unveils Its XRP Holdings in New Report, Shiba Inu Key Dev Makes Important Shibarium Clarification, Grayscale Dogecoin Trust Goes Live...

Top Three Crypto News Stories of Early February

1. Ripple's XRP Holdings Rise to 4,485,366,320

On January 31st, Ripple released its quarterly XRP Markets Report, disclosing its XRP holdings for Q4 2024. The report revealed a slight increase from the previous quarter, with Ripple now holding 4,485,366,320 XRP. The holdings are divided into two categories: XRP available in Ripple's wallets and escrowed XRP released monthly over the next 42 months.

2. Shiba Inu Developer Clarifies Shibarium Architecture

Kaal Dhairya, a key developer of Shiba Inu, recently clarified that Shibarium is a sidechain built on Ethereum. He emphasized that sidechains maintain their own validators while leveraging Ethereum's security, offering a more secure alternative to optimistic rollups.

Dhairya also stated that Shibarium will serve as the settlement layer for future rollups and discussed exploring a hybrid settlement model to address the limitations of optimistic rollups.

3. Grayscale Launches Dogecoin Trust, Signaling Potential for DOGE ETF

Grayscale, a prominent asset management firm, announced the launch of the Grayscale Dogecoin Trust on January 31st. This new fund provides qualified investors with exposure to Dogecoin without the need for crypto wallets.

The launch of the DOGE Trust signals Grayscale's commitment to creating inclusive investment vehicles for TradFi investors, potentially paving the way towards a Dogecoin ETF.