XRP Ledger Set to Adopt Tokenized Gold and Silver in Q3 2024, Cardano on Verge of ‘Most Significant’ Milestone in Its History, Former ETH Whale Wakes Up: U.Today’s Crypto News Digest

XRP Ledger Set to Adopt Tokenized Gold and Silver in Q3 2024, Cardano on Verge of

Take a closer look at the weekend’s top three stories with U.Today.

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Take a closer look at the weekend’s top three stories with U.Today.

XRP Ledger Set to Adopt Tokenized Gold and Silver in Q3 2024

As was learned from the official. advertisement xmelt gold It has been established a partnership with Ripple, a San Francisco-based financial technology company. As part of the partnership, Meld Gold will launch two new silver and gold-backed stablecoins on XRP Ledger. According to the company’s Medium post, each token will represent one gram of the precious metal held by leading custody providers MKS Pamp and Imperial Vaults. The tokens are expected to go live on the “Algorand is another step toward delivering unmatched access to assets like gold and silver with industry-leading technologies.”

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Cardano on the verge of the “most significant” milestone in its history

In a recent x publicationCardano founder Charles Hoskinson fixed that June will be the month in which Cardano Node reaches 9.0. This means that Cardano is ready for the Chang fork, and 70% of staking pool operators (SPOs) are now supposed to install the new node. Cardano can then be pushed into the Age of Voltaire with the help of the hard fork that occurs. Hoskinson believes that the Voltaire phase is “the most significant milestone in the history of Cardano and for the industry as a whole,” as in that phase Cardano is expected to drive the level of decentralization and transparency of the ecosystem. “Cardano will be a decentralized, globe-spanning civilization with millions of residents. We will have the most advanced blockchain governance system, annual budgets, a treasury, and the wisdom of our entire community to guide us,” the founder wrote.

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Former ETH whale wakes up and moves money to Kraken

According to Colin Wu report starting Saturday June 8 an unknown Ethereum whale who received 67,000 ETH from the Ethereum Foundation address in 2015 transferred 15,200 ETH to Kraken. The transaction occurred on June 7 and is valued at $56.1 million. The majority of the transfer was immediately exchanged for 4.81 million DAI, averaging $2,725 per ETH. According to Wu’s X post, this address received 200,000 ETH (probably participating in the ICO) in the Ethereum Genesis block. Currently, the account still has around 41,000 ETH worth a staggering $152.3 million. It was only the third transaction from this account since 2022. In 2020-2021, the account sent a large amount of cryptocurrency to centralized exchanges: it moved approximately 150,000 ETH, or around $553 million, in six transfers.

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