Here are the top three stories brought to you by U.Today.
Here are the top three stories brought to you by U.Today.
‘Rich Dad Poor Dad’ Author Reveals How Much Bitcoin He Bought After ETF Approval
Robert Kiyosakifinancial guru and author of the world’s best-selling book “Rich Dad, Poor Dad,” has recently taken to Platform X to make another pessimistic market forecast. in his publication, Kiyosaki invited his followers to reflect on the possible implications of the US Treasury and the Federal Reserve, and the PhDs in these government institutions, failing to save the economy. According to the author, if the US dollar collapses, the United States is likely to fall into hyperinflation. “That’s why I bought 5 more Bitcoin today,” Kiyosaki wrote, promoting the world’s largest cryptocurrency as a safe haven asset in its usual form. At the time of writing, five BTC is worth $230,355 (with Bitcoin trading at $46,071). Kiyosaki’s purchase likely took place after the SEC gave the green light to Bitcoin spot ETFs. As a reminderThe fundamental market development took place on January 10, when the regulator approved 11 Bitcoin ETF applications, including those from BlackRock, VanEck, Fidelity, Ark Invest and Grayscale.
Shiba Inu (SHIB) erases another zero
Yesterday, the Shiba Inu meme coin (SHIB) got rid of another zero in its price, to the great joy of the SHIB community. At the time of writing, the meme coin is trading at $0.00001021, according to CoinMarketCap. This achievement represents breaking barriers, reaching new peaks in market capitalization, and gaining broader recognition in the crypto space. The SHIB token was one of many cryptocurrencies that saw their value rise following a significant move for the cryptocurrency industry anticipated for years: the approval of Bitcoin spot ETFs by the SEC. The regulator’s positive decision has injected a new wave of optimism into the market, boosting the prices of several cryptocurrencies, including Shiba Inu. Meanwhile, SHIB leader Shytoshi Kusama sleepless its ambitious plan for the future of the SHIB token, namely the introduction of tokens with the SHIB name, which aims to bridge the gap between the traditional Internet and Web 3.0.
Ripple CEO welcomes SEC approval
In a recent x publication, Brad Garlinghouse, CEO of Ripple, praised the most important milestone that has been on the lips of the entire crypto industry since Wednesday: the SEC’s approval of Bitcoin spot ETFs. “The importance of this moment cannot be underestimated,” Garlinghouse wrote., congratulating all those who worked to make this expected result a reality. The CEO then stressed that the timely approval of the Bitcoin ETF is a monumental step towards legitimizing cryptocurrencies as an asset class, and expressed hope that the move will spur greater adoption and institutional investment. Expect a shift in focus from speculative trading to broader, real-world use of cryptocurrencies, further establishing its position as a legitimate asset class. Garlinghouse’s post attracted a lot of attention from the X crypto community, reaching 9,500 likes and almost 500 comments.
