This recap of the top five news will help you catch up with the crypto events that happened over the weekend.
Shiba Inu is rumored to be accepted by electronics retailer Newegg
A tweet from an online electronics retailer Newegg caused the SHIB army to speculate on the potential acceptance of the dog piece. The company tagged lead developer Shytoshi Kusama and SHIB’s official Twitter account, asking him to contact them. Newegg has yet to comment on whether or not he will accept the coin itself.
In April, the electronics-focused online retailer allowed Dogecoin Payments.
Whale Transfers $ 100 Million From XRP To Bithumb
Last Friday, the Whale Alert transaction tracking service detected a large transaction carried out by an anonymous wallet. The transaction brought $ 100 million worth of XRP to the centralized Bithumb exchange. The fate of the negotiated coins is not disclosed. However, the market did not react to the massive transaction, leaving the price of the coin unchanged. According to CoinMarketCap, XRP is trading at around $ 1.05.
Crypto billionaire abandons Ethereum
Su Zhu, CEO of Three Arrows Capital, poured cold water on Ethereum in his latest tweet. The crypto billionaire has decided to ditch the second largest cryptocurrency due to its unaffordability for newcomers and sky-high fees. Zhu also added that despite all the issues, none of the influential people in the community were able to resolve them.
Zhu, who started 3AC with his high school classmate Kyle Davies, is one of the largest crypto holders in the world.
Avalanche outshines Shiba Inu, hitting another ATH
Yesterday, avalanche, one of the “Ethereum killers,” hit a new price record, reaching $ 138 on Binance. It also topped Shiba Inu by market cap, taking 11th place on CoinMarketCap. Avalanche is now worth $ 29.9 billion.
Today, Avalanche went further and entered the top 10 largest coins by market cap, leaving behind Shiba Inu and Dogecoin.
Vegas Auto Gallery has started accepting payments in Shiba Inu
According to the official announcement made on Saturday, Vegas Auto Gallery, a Las Vegas-based luxury car dealership, has added Shiba Inu to its list of available cryptocurrency payment options. Now Vegas Auto Gallery customers can purchase VIP brand cars with SHIB. Crypto transactions are automatically converted to dollars through BitPay, which is why Vegas Auto Gallery faces no risk from high price volatility.
