XRP ETF surpasses the $1.5 billion mark, SHIB burns face cold reception, where is the market heading?

【Crypto World】Recently, there are several noteworthy signals in the crypto market. The ETF product size for XRP has surpassed $1.52 billion, which means 1.20% of the total XRP supply is locked. Interestingly, XRP’s price has been oscillating around $2.05 without bringing much surprise to investors.

The same story is playing out with SHIB. The burn rate of this veteran token has recently experienced a dramatic drop — plummeting 86.14% in the past 24 hours, with only 749,126 tokens burned. It’s important to note that SHIB has been hoping to boost its price through a burning mechanism, and this sudden slowdown in burn rate is likely to put pressure on its recent upward momentum.

Another interesting piece of gossip is that TRON founder Justin Sun recently made a bold proposal — he expressed willingness to spend $30 million for a one-hour conversation with Elon Musk. Although such a high-priced dialogue invitation seems a bit outrageous, it reflects, from a certain perspective, the industry’s desire for cross-sector dialogue.