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1.74 Billion Shiba Inu Burnt in September, 268 Million In 24 Hours, 257 Million In One Transaction

Zabi
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1.74 Billion Shiba Inu Burnt in September, 268 Million In 24 Hours, 257 Million In One Transaction

Massive Burns for Shiba Inu (SHIB).


The Shiba Inu Community destroyed 1.74 Billion Shiba Inu (SHIB) in September, 268.16 Million in the Past 24 Hours, and 257.49 Million in one transaction.

1Cent Token, SHIB Super Store, and Shibburn.com are recognized as the “Biggest SHIB Burner of the Month.”

Shibburn recently released a SHIB Burn figure for September. As per the report, the Community-led Burn initiatives executed 382 separate transactions to send a whopping total of 1,743,878,414 (1.74B) SHIB to the “inferno” addresses in the past 30 days.

Top SHIB Burn Projects of the Month:

1Cent Token:

1Cent Token, a dedicated SHIB Burn Project to take Shiba Inu to the $0.01 price, makes it to the top of the list of “Biggest SHIB Burner of the Month” by destroying a mammoth 319,930,759 (319.93M) SHIB in 4 separate transactions.

The Community-led Burn Project organized four Weekly Burn Events in September. During the first Weekly on September 5th, 1Cent turned 41,459,612 (41.45M) SHIB into ashes. Following this event, the Community-led Burn Project removed 134,686,773 (134.68M) SHIB from circulation forever on September 12th, 126,735,223 (126.73M) on September 22nd, and 17,049,151 (17.04M) on September 26th, 2022.

Travis Johnson’s SHIB Super Store:

Travis Johnson’s SHIB Super Store, an individual SHIB Burn Project, managed to burn the second-highest number of Shiba Inu tokens in September. Travis Johnson’s SHIB Super Store also organized four Weekly Burn Events in the past 30 days and set fire to a staggering 187,836,333 (187.83M) SHIB in 4 separate transactions using SHIB Burn Portal.

During the first Weekly Burn Event on September 5th, SHIB Super Store incinerated 38,494,404 (38.49M) SHIB in one significant transaction. Following this event, the Community-led Burn initiative sent 50,704,773 (134.68M) SHIB to dead wallets on September 11th, 50,085,558 (50.08M) on September 19th, and 48,551,598 (48.55M) on September 25th, 2022.

Past 24 Hours Burn:

268,160,328 (268.16M) SHIB were burned in the past 24 hours, with the burn rate rising 1867%.

Shibburn itself burned 257,495,644 (257.49M) SHIB in one significant transaction and became the top burner of the day.

Kaj Labs to Burn Above 2 Trillion Terra Luna Classic (LUNC) Tokens

Mark Brennan
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Kaj Labs to Burn Above 2 Trillion Terra Luna Classic (LUNC) Tokens

Another crypto project declares support for Terra Luna Classic (LUNC) burns.



Lithosphere’s gaming series ‘Finesse,’ a two-chapter Play-to-Earn (P2E) game, has announced its intention to support the ongoing burn program for Terra Classic.

Kaj’s Plans for LUNC Burns

Kaj Labs, the team behind the development of the Lithosphere blockchain, said it plans to integrate LUNC into the Finesse game to increase the number of LUNC burns when players use Terra classic during gameplay.

KAJ Labs added that it would burn all LUNC tokens used in Finesse during gameplay. In a bid to accommodate and support the LUNC burn program, Kaj Labs noted that it would allocate between $50 million to $100 million to burn up to 2.5 trillion LUNC tokens.

“If Terra Classic is implemented in the game, all LUNC used in the game would be burned during gameplay. To accommodate the burn, KaJ Labs will allocate $50 million to $100 million to burn up to 2.5T Terra Classic in Finesse games,” Finesse developers said in a statement.

Remember, this doesn’t mean 2.5 trillion LUNC would be burned instantly; rather, it’s just a projection of terra classic burns over a certain period of time as the game progresses.

Finesse is a two-chapter gaming series that comprises two P2E games, The Kingdom and Shadow Warriors. Both games feature ninja samurai, warrior fighting, knights, and vampires in multiple adventures that players can easily customize to suit their preferences.

The team launched its unique non-fungible token today, featuring 100,000 unique characters in five categories.

Massive Boost for Terra Classic Investors

Kaj’s intention to burn up to 2.5 trillion LUNC tokens would be a huge step to help revive the LUNC value. Recall that LUNC investors suffered huge losses after the Terra ecosystem collapsed in May. The Terra team left LUNC holders to revive the token themselves, as the team had different plans to launch Terra 2.0.

To revive LUNC, the community agreed to burn part of the token’s total supply by implementing a 1.2% tax burn and other voluntary individual efforts.

With investors left to revive LUNC from the dust, several crypto-related companies have pledged support for LUNC burns. Last month, Binance said it had implemented a burn mechanism that will burn the fees on LUNC spot and margin trading pairs. Other top exchanges like Kraken, Crypto.com, Kucoin, and Mexc Global have also deployed various ways to support the Terra Classic community and LUNC Burns.

Recently as reported by The Crypto Basic MetaRivals Play-to-Earn game announced its launch on the Terra Classic blockchain. Yesterday Curacao-Licensed top casino started accepting Terra Classic as a payment method and supported LUNC Burns.

Terra Classic core developer Edward Kim in a medium blog post released on Thursday, said Terra Classic (LUNC) is to see an extreme boost in the number of projects as terra rebels would cut off dependency on Terraform LAbsm (TFL).

XRP Wallets Surpass 4 Million As Investors’ Interest Grows

Mark Brennan
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XRP Wallets Surpass 4 Million As Investors’ Interest Grows

 

XRP adoption rises as investor sentiment remains positive.



Data from XRP validator Rich-List.Info shows that the number of XRP wallets has surpassed the 4 million mark, now sitting at 4,311,415 (4.31M).

number of XRP wallets above 4M
number of XRP wallets above 4M

The growth comes as users believe that the end to the drawn-out legal battle between Ripple and the US Securities and Exchange Commission (SEC) is coming close. Notably, both parties in September have already filed their motions for summary judgment, with XRP holders expecting a victory for the blockchain company.

Moreover, in the last couple of days, more and more enterprises are pledging support for Ripple. For example, as reported by The Crypto Basic on Friday, Philippines-based remittance company I-Remit has requested to file an amicus brief in support of Ripple. Additionally, on the same day, Ripple advocate and former federal prosecutor James K. Filan disclosed on Twitter that TapJets, a private jet charter firm, had also done the same.

As reported on Thursday, Ripple scored another victory in the ongoing lawsuit as Judge Analisa Torres overruled the SEC’s objection to Judge Sarah Netburn’s ruling ordering the SEC to submit documents related to the draft of the controversial William Hinman speech in 2018.

It bears mentioning that court proceedings are not the only positives XRP. After a year of delay, Flare Network has finally confirmed a timeline for its token distribution to XRP holders. Notably, the token distribution is slated between October and November.

On Friday, Lunar Crush ranked the token as the number one altcoin over nearly 4000 others based on social engagement and price action. Last Tuesday, The Crypto Basic reported that XRP looked to be in a similar price position to 2017 and may be set for a 790% price surge.

At press time, XRP is trading at the $0.4741 price point, 2.99% lower in the last 24 hours.

98th Biggest ETH Whale Adds 300 Billion Shiba Inu, Shib Trading Volume Spikes 52%

Zabi
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98th Biggest ETH Whale Adds 300 Billion Shiba Inu, Shib Trading Volume Spikes 52%

 

The Top Ethereum (ETH) Whale accumulated $3.40 Million worth of SHIB in the past 24 hours as the trading volume of SHIB skyrockets 52.71% over the last day.



Etherscan.io data reports that the 98th biggest SHIB holder has recently invested $3,417,000 ($3.41M) to accumulate a staggering total of 300,000,000,000 (300B) SHIB in two significant transactions in the past 24 hours.

As per the report, the deep-pocketed SHIB investor became active about 15 hours ago and performed the first record transaction to add 200,000,000,000 (200B), worth $2,278,000 ($2.27M). The amplest SHIB holder didn’t stop there and further accumulated 100,000,000,000 (100B) SHIB for $1,139,000 ($1.13M) in his second transaction executed about 12 hours ago.

Shiba Inu Whale Accumulates 3.41 Million USD Worth of SHIB
Shiba Inu Whale Accumulates 3.41 Million USD Worth of SHIB

Following the gargantuan accretion, the biggest SHIB Whale relocated a trifling total of 19,928,406 (19.92M) SHIB, worth $227 via two separate transactions, to two anonymous wallets. Despite the transfer the 98th biggest SHIB Whale currently holds 321,919,673,229 (321.91B), worth $3,657,007 ($3.65M).

SHIB Balance of 98th Biggest Shiba Inu Whale
SHIB Balance of 98th Biggest Shiba Inu Whale

As a result of a such massive accumulation from the biggest SHIB holder, the trading volume of the most popular canine-themed cryptocurrency spikes more than 52% over the last day to $275,451,501 ($275.45M).

At the time of writing, the Shiba Inu is trading at the price of $0.00001139, up 2.54% over the last day, with a market capitalization of $6,248,722,686 ($6.24B). Moreover, Shiba Inu retains its 14th spot as the world’s biggest cryptocurrency in terms of market capitalization.

Charles Hoskinson Reveals This Week Top Cardano Project With Highest Engagements

Lele Jima
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Charles Hoskinson Reveals This Week Top Cardano Project With Highest Engagements

The new stats highlight the top 10 Cardano projects with the highest engagement in the past seven days.


Cardano-related projects have continued to gain traction and attract massive engagement from the cryptocurrency community across various social media platforms.

Yesterday, Charles Hoskinson, the CEO and founder of Cardano, revealed the most engaged Cardano project.

The stats from cryptocurrency analytics platform Lunar Crush highlighted the top 10 Cardano projects with the most engagement in the last seven days, from which Charles highlighted one.

Hosky Token

According to the rankings, Hosky Token topped the list of the top 10 Cardano projects with the most engagement within the timeframe. Over the past seven days, Hosky Token got a total of 8,400 engagements in the cryptocurrency community. The team behind Hosky Token describes the project as a premiere low-quality s#it coin doggo memecoin.

Commenting on Hosky’s remarkable feat, Hoskinson said: “Hosky Token seems to be the most engaged project this week.”

Unbothered Wolves

The next Cardano project that came second in the Lunar Crush rankings is Unbothered Wolves. The project received 2,700 engagements in the past seven days. Unbothered Wolves is an upcoming non-fungible token (NFT) currently being built on Cardano. The project noted on its Twitter handle that it intends to bring “chill vibes to the Cardano NFT space.” 

Djed Stablecoin

Cardano’s official stablecoin, Djed, is the third project on the list with the most engagement. Djed recorded a total of 2,600 engagements in the past week. It is not surprising to see Djed among the top three Cardano projects with the highest engagements.

COTI, the official issuer of Djed, recently made an important announcement for the Cardano algorithmic stablecoin, informing the community about the next development step for the project. Part of the announcement also revealed that Djed is currently being audited to ensure the stablecoin has no technical glitch before being deployed on the Cardano mainnet.

Other top Cardano projects that made a list and the number of engagements they got are eTukTuk (2,600), Clumsy Ghosts (2,600), decentralized exchange Musliswap (2,100), NMKR (1,900), Virtua $TVK (1,600), Jpg.Store (1,400), and Mocosi Planet (1,400).

VeChain Holds $535 Million Reserves In Bitcoin, Ethereum, VET, And Stablecoins

Mark Brennan
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VeChain Holds $535 Million Reserves In Bitcoin, Ethereum, VET, And Stablecoins

 

VeChain asserts that it has a strong balance sheet.


Leading enterprise blockchain VeChain shared its Q2 financial report on Friday as part of its commitment to transparency.

“As always, we remain dedicated to providing transparency relating to expenses and assets under management at the VeChain Foundation,” the foundation wrote while sharing a link to its balance sheet on Twitter.

 

The shared balance sheet shows that at the end of Q2, the firm had assets (Bitcoin, Ethereum, VET, Stablecoins) with a total dollar-denominated value of over $535 million. However, it is 44% lower than the value of its reserves at the end of Q1, which sat at about $1.2 billion. Notably, the company attributes this decline mainly to the loss in crypto asset value within this period.

Despite the decline, the firm asserts that it has a solid enough reserve to weather the volatility in the crypto market.

“With a reserve of over half a billion dollars, however, the VeChain Foundation is more than adequately positioned to weather the storm.”

As highlighted by a user, VeChain does not show how much exposure it has to each token. Instead, it just gives the dollar-denominated value at the time, which is bound to fluctuate depending on the market condition and is considerably less transparent.

Notably, the company also shared its P/L sheet or total expenses. The data shows that the company spent most on PR and marketing, followed by SDG projects and legal fees.

Under PR and marketing, the company highlights its $100 million deal with the UFC in June. Additionally, it bears mentioning that the report released on Friday shows that the UFC agreed to receive payment in VET in a show of belief in the token and VeChain.

Meanwhile, the foundation says the reason for its increased legal fees is increased legal consultation as it finalizes establishing its new European headquarters. The company has also seen increased activity and adoption in the region. For example, VeChain was tapped as the Layer 1 blockchain of choice for the UCO network to help trace cooking oil in Europe and aid its conversion to biofuel.

In August, VeChain CEO Sunny Lu asserted that the enterprise blockchain would change the world.

The Truth About Crypto Superstar Crypto Trading Bot In 3 Minutes

Andrew MacGill
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The Truth About Crypto Superstar Crypto Trading Bot In 3 Minutes

In the eyes of many beginners and people outside the industry, crypto trading may seem like a way to make an easy passive income. Further supporting this erroneous view, many trading bots are now available for users to automatize a portion of their crypto workload. Unfortunately, the sad reality is that most of such bots are actually scams – after placing the $250 deposit, you’ll never hear from the filthy con artists again.

The truth about the Crypto Superstar bot is not pleasant – this is yet another in the long line of crypto trading bot scams aimed at newbies, who haven’t taken the time to learn how to make money with Bitcoin. Our investigation has unearthed plenty of red flags that leave no room for doubt. Here’s what we learned.

1)   Multiple Fraudulent Websites

To begin with, a quick Google search reveals this crypto trading bot to have at least three dedicated official websites. This raises suspicion right off the bat, as we know that having more than one website is counterproductive for legitimate products.

As the Crypto Superstar review over on Scammerwatch (a specialized website) reveals, this is common with fake bots. The explanation is that the scammers are working with myriad ready-made websites, which they can easily modify once it’s time to move on to the next fraud.

We find evidence that this is true when we compare the design of Crypto Superstar’s websites to those of another known trading bot scam – Ethereum Code. Namely, they’re nearly identical! Evidently, the same scammers are simultaneously running multiple trading bot frauds. Shame on them.

2)   Ludicrous Promises

Examining the actual content of Crypto Superstar websites, we discover a number of ridiculous claims.

Ludicrous Promises
Ludicrous Promises

For instance, scammers claim that their product predicts price fluctuations with a 99.7% accuracy. Unless they’ve invented a time travel machine and returned to the present with future tech and info, this is obviously impossible. Otherwise, we’d all be using Crypto Superstar and spending our millions drinking pina coladas in Bora Bora.

To further support our time travel theory, Crypto Superstar allegedly works with a time leap of 0.01 seconds, apart from simply analyzing historical data. To quote the website, the bot “knows in which direction the price of a crypto asset will move even before it makes its move”. Yeah, right.

There’s also talk of state-of-the-art security measures, but no details at all on which these security protocols are. The same goes for, supposedly reliable, brokers, as they don’t mention whether they’re regulated. Needless to say, working with regulated brokers is very important when investing (in crypto or otherwise).

3)   Fake Testimonials and User Reviews

Of course, the lies don’t stop there. We next took a look at user testimonials – all fake. By using the Google Lens feature with the pictures of the supposed happy customers, we discovered the same images elsewhere online, only the names of the people associated were all different. No doubt, the same images are used in a number of scams.

Next, we visited Trustpilot to check out user reviews. Plenty of positive reviews, all completely lacking in nuance and detail. They all boil down to: “this is the best product ever, it will completely transform your life, stop everything you’re doing and sign-up NOW”.

But upon further inspection, we find that, in most cases, this was their only review posted on Trustpilot. If they had another, it was similar praise for other fake bots. Busted.

Final Words

Given the vast number of cryptocurrency trading bot scams out there, we feel it’s necessary to warn the readers to be very careful when choosing an automated trading solution. There’s plenty more at Scammer Watch; consulting with that site and our own will keep you protected. Legitimate crypto trading bots, such as Cryptohopper and Trailty, do exist, but it’s getting increasingly hard to find them.

It’s also worth noting that most of these telltale signs of fraud wouldn’t necessarily constitute proof on their own. However, with so many of them, you’d have to be mad to place your trust and funds in the hands of Crypto Superstar. This is a blatant scam – avoid it like the plague.

XRP Tops 3,907 Assets in Social and Market Activity, Regains 6th Place on CMC

Albert Brown
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XRP Tops 3,907 Assets in Social and Market Activity, Regains 6th Place on CMC

 

XRP has secured the top position amongst 3,907 mainstream crypto assets in social and market activity.


The hype remains sustained as XRP rides on recent auspicious developments to secure bullish sentiments amongst crypto proponents. The community has shifted its focus to the once-neglected asset, influencing a surge in its social and market activity. A recent ranking of digital assets based on this metric highlights how much XRP dominates the scene.

Crypto social intelligence provider Lunar Crush recently revealed that XRP is sitting on the No. 1 position on its Alternative Rank based on combined social and market activity. With this position, XRP towers over 3,907 mainstream assets in the crypto market.

Lunar Crush disclosed the data on Twitter Friday, quoting a previous tweet highlighting the massive increase in XRP’s social activity. “With leading combined social + market activity, XRP has hit AlternativeRank™ 1 out of the top 3,907 coins across the market,” Lunar Crush noted.

 

In a previous tweet, Lunar Crush pointed out XRP’s impressive surge in social activity. In the past three months, social engagements for XRP have increased by a whopping 38% to 1.95B. Social contributors have also seen an 8% increase, sitting at 9.42K contributors.

 

Besides its social activity, XRP’s price action looks rather promising. The asset has seen an increase of over 50% in its value since July. XRP’s auspicious price movements and increasing social activity can be attributed to several bullish developments the asset is seeing of late.

Reasons:

Most recently, as revealed by The Crypto Basic, Ripple witnessed a major victory in the legal tussle with the SEC. Judge Analisa Torres overruled the SEC’s objections and ordered to release of documents about Hinman’s speech to Ripple. The watchdog will have no choice but to comply following months of a refusal. News of Torres’ order has been received well by the broad crypto community, as a win for Ripple is a win for the crypto community.

Furthermore, as a form of support, the Philippines’ largest non-bank remittance firm I-Remit has requested to file an Amicus Brief in the legal battle between Ripple and the SEC. The Crypto Basic uncovered the development Friday.

I-Remit’s move is influenced by its usage of Ripple’s RippleNet platform for transnational settlements. As the litigation leans in Ripple’s favor, XRP has been the central discussion within the crypto community.

Additionally, Flare Network recently confirmed rumors of the distribution timeline for FLR tokens to XRP holders. The XRP community has been anticipating the distribution since the snapshot two years ago. This disclosure has contributed to the increase in XRP’s social activity and bullish outlook.

Meanwhile, as of press time, XRP has come out victorious in its battle against BUSD for the 6th position of top crypto assets by valuation, according to Coinmarketcap (CMC) data. The asset’s market cap has surged by over 45% in the past month to a current value of $23.89B at the reporting time. Additionally, XRP has gained by 10.15% in the past 24 hours, as it currently trades at $0.47.

Philippines-Based Remittance Company To Support Ripple Against SEC In Ongoing Lawsuit

Lele Jima
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Philippines-Based Remittance Company To Support Ripple Against SEC In Ongoing Lawsuit

 

Philippines-Based Remittance Company I-Remit Requests to File Amicus Brief in Support of Ripple Against SEC.


Another company has declared support for Ripple in the ongoing legal battle against the Securities and Exchange Commission.

I-Remit, a global payment remittance company and a user of Ripple’s On-Demand Liquidity (ODL) service, has requested permission to file an amicus brief supporting the leading blockchain company’s motions for summary judgment.

“I-Remit respectfully requests that the Court grant it leave to file an amicus curiae brief in this case. The Court’s adjudication of Ripple’s pending Motion for Summary Judgment will have broad implications for the large and rapidly growing cryptocurrency industry,” the company stated in its motion.

I-Remit’s Interest in the Lawsuit

According to I-Remit, its interest in the lawsuit is because it uses the RippleNet software to facilitate cross-border settlements in the Philippines. The company also noted its heavy reliance on XRP is among the reasons it is interested in the lawsuit.

“I-Remit has deep knowledge of these technologies that will aid the Court’s evaluation of the arguments advanced by the U.S. Securities and Exchange Commission,” the remittance company added.

More Support for Ripple

The development comes a few weeks after the Chamber of Digital Commerce requested permission to file an amicus brief supporting the defendants.

Since Ripple and the SEC did not object to the request, the court granted the Chamber of Digital Commerce’s request to file an amicus brief.

Recall that the SEC noted that if another third-party requests to file an amicus brief in the lawsuit, it will seek more time and extra pages to respond.

With I-Remit’s interest in the lawsuit, the parties are expected to state their opinions on the request before the court gives its decision.

Leading dApp Tracking Platform Launches Support for Cardano Decentralized Applications

Albert Brown
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Leading dApp Tracking Platform Launches Support for Cardano Decentralized Applications

The leading dApp tracking platform has launched support for decentralized applications built on the Cardano network.


DappRadar, a platform that tracks decentralized application data, has announced that it has integrated Cardano dApps into its platform. The initiative was launched to keep users updated on the performance of their favorite Cardano-based decentralized applications.

“DappRadar is excited to announce the integration of Cardano dApps, bringing the latest dapp landscape of the Cardano network to users. With DappRadar Ranking, users can track the performance of the most popular games, DeFi dapps, NFT marketplaces, and more!” DappRadar noted in a recent announcement. 

The development was shared by Tim Harrison, VP of Community and Ecosystem at Cardano’s Input Output Global (IOG).

DappRadar Expands Its Tracking Service

With Cardano listed on the DaapRadar platform, the dApp tracking service has increased the number of decentralized applications it keeps tabs on. 

Currently, DappRadars track the performance of decentralized applications on 47 blockchain networks, including Ethereum (ETH), Binance Smart Chain (BSC), EOS, Solana, Optimism, Tezos, Wave, etc.

DappRadar is not slowing down its efforts to add more blockchain to its list of supported networks.

More dApps to Launch on Cardano After Vasil Upgrade

The development comes at a time when more decentralized applications are expected to be deployed on the Cardano network following the launch of the Vasil upgrade. As reported by TheCryptoBasic, Vasil officially shipped last week on the Cardano mainnet after a series of delays.

One of Vasil’s key features is enhancing Cardano’s smart contract functionality and decentralized application development.

There are currently 20 Cardano decentralized applications that DappRadar is tracking; the numbers are expected to skyrocket soon, as the recently-launched Vasil upgrade has made the Cardano network more dApp friendly.

According to data from DappRadar, the top performing Cardano-based decentralized apps with the highest number of users over the last seven days include JPG Store, Minswap, SundaeSwap, WingRiders, and MuesliSwap, etc.

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