News
U.Today Crypto News Digest
Valeria Blokhina
Discover the latest crypto events with U.Today’s daily news!
Read U.TODAY on
Google News
Here are the three most important stories that appeared on U.Today today.
BlackRock Issues Major Warning on Cryptocurrencies
BlackRock, a global investment manager, recently addressed the crypto community on the X platform with an important warning. According to the company’s post, there has been an increase in investment-related scams, which involve directing people to cryptocurrency investment-related websites and/or social media platforms such as WhatsApp or Telegram. In this regard, BlackRock urged market participants to be cautious when interacting with individuals, organizations, or social media sites that use their brand to promote investments or education. The company also emphasized that it never contacts anyone through social media platforms.
Shibarium finally reaches the long-awaited milestone
Shibarium, the Shiba Inu Level 2 Solution, has finally achieved its goal the long-awaited finish line of six million blocks, according to data from the Shibariumscan website. At the time of writing, this important metric stands at 6,038,712. Total blocks aren’t the only metric that has shown growth lately; the total transaction count currently stands at 417,994,331, while the number of connected wallets stands at 1,811,196. As for the Shiba Inu token’s price reaction to this positive result, it saw a 3.22% growth on Sunday evening, hitting $0.00001726. However, the meme token is now down 0.95% over the past 24 hours, changing hands for $0.0000166.
Cardano Skyrockets 300% in Fund Inflows as Bulls Take Charge
CoinShares’ latest weekly report on digital asset fund inflows reveals flowing into Cardano ETPs last week total of $1.2 milliona 300% increase from the previous week. Also, based on this week’s results, Cardano is ranked second among all cryptocurrency ETPs. In total, since the beginning of 2024, Cardano-focused investment products have attracted a total of $11 million from traditional investors. The reason behind Cardano’s rise is the upcoming Chang hard fork. As reported by U.TodayWith the hard fork, Cardano is expected to reach its highest level of decentralization, with ADA shareholders voting to also manage the blockchain’s treasury.
About the author
Valeria Blokhina
Valeria is the community manager of U.Today. She is a cryptocurrency enthusiast and believes that cryptocurrencies are the future of finance. Valeria currently covers the latest news in the world of cryptocurrencies and blockchain.