Crypto News Today: Glimpse into What Happened in Crypto Market?

Crypto Market News Today: MicroStrategy Meeting, Justin Sun, & More

MicroStrategy Plans Special Shareholder Meeting to Advance Bitcoin Strategy

Business intelligence firm MicroStrategy is intensifying its Bitcoin-focused strategy by exploring new financing options to fund further BTC acquisitions. Following the announcement of a $516 million Bitcoin purchase, the company revealed plans to hold a special shareholder meeting. The purpose of the meeting is to discuss proposals aimed at advancing its 21/21 plan, which is designed to boost the company's capital-raising abilities and align director compensation with its Bitcoin-centric approach.

Justin Sun Denies Ethereum Selloff Amid ETH Price Surge

Tron founder Justin Sun has denied rumors that he sold Ethereum after on-chain data showed significant deposits to HTX. Sun clarified that the movements were wallet transfers, not liquidations, and reaffirmed his bullish stance on Ethereum. This comes as ETH price rises by 2%, reaching over $3,400, with potential for a rally toward $4,000. Sun remains committed to the long-term growth of Ethereum, despite the market speculation surrounding his holdings. His statement has helped quell concerns over potential market impact from his alleged selloff.

Hyperliquid Labs Denies Exploit Rumors , Ensures Fund Safety

Hyperliquid Labs has dismissed claims of an exploit by North Korean hackers, reassuring users that all funds are secure. The rumors began after security expert Taylor Monahan flagged wallets linked to North Korean hackers involved in $700,000 worth of Ethereum liquidations on the platform. This sparked fears of a security breach, leading to a surge in withdrawals, with over $194 million pulled from the platform in a single day, according to Dune Analytics.

Ripple Whales Continue Buying Amid Price Dip, Boosting Optimism for XRP Rally

Despite a recent dip in XRP's price, Ripple whales have maintained their buying trend. Reports indicate that over 40 million tokens were purchased recently, suggesting that investors are seizing the opportunity to buy the dip in the midst of a volatile crypto market. Alongside this buying spree, other positive market developments have fueled speculation that XRP could rally to $3.5. Additionally, Ripple's stablecoin, RLUSD, has been listed on the Independent Reserve exchange, marking its first listing in Singapore. This development has further fueled optimism about Ripple's growing popularity in global markets, which could drive prices higher.

Ripple RLUSD Stablecoin Debuts on Singapore's Independent Reserve Exchange

Ripple's RLUSD stablecoin has officially launched in the Singapore market, garnering attention from investors. Recent reports highlight that the stablecoin has made its debut listing on Independent Reserve (IR), a leading cryptocurrency exchange in Singapore. This move follows RLUSD's global launch on December 16, which has generated significant buzz and discussions across the cryptocurrency community.