XRP-linked exchange-traded funds (ETFs) have surprisingly outperformed those of Bitcoin and Ethereum in daily net inflows. Data shows XRP products attracted approximately $3.3 million in net inflows over a 24-hour period. In stark contrast, Bitcoin ETFs experienced significant outflows of $159 million, while Ethereum products saw outflows of $64 million. Analysts note this reflects a capital rotation under market pressure, with XRP benefiting from its position as a liquid asset not tied to the same narratives currently affecting BTC and ETH.
Meanwhile, Cardano founder Charles Hoskinson reignited his feud with the XRP community following a personal attack on social media. The dispute centered on decentralization and institutional adoption, with Hoskinson using the criticism to highlight perceived architectural differences between Cardano and XRP.
In other news, Shiba Inu's burn rate surged by 237% in 24 hours, with 15,509,996 SHIB tokens permanently removed from circulation across 10 transactions. This significant deflationary activity occurred alongside strong network metrics, although the token's price saw only a marginal 0.24% increase to approximately $0.000005917.
Concurrently, on-chain data reveals Shiba Inu whales removed approximately 229 billion SHIB from exchanges in a single day, continuing a pattern of large-scale withdrawals in recent weeks. This suggests accumulation and reduced immediate sell pressure, though the price remains range-bound between $0.0000057 and $0.0000060, struggling below key moving averages. Analysts view this as stabilization following selling fatigue rather than a confirmed bullish reversal.
Separately, cryptographic pioneer Adam Back once again denied rumors he is Satoshi Nakamoto, providing a detailed account of his early work on Hashcash and involvement in cypherpunk discussions. Additionally, Ripple CTO Emeritus David Schwartz argued that Satoshi Nakamoto's private keys are likely lost or destroyed, suggesting the dormant one million Bitcoin holdings pose no future market risk as they are effectively 'dead weight'.
