Cryptocurrency updates: High-ranking Cardano exec points out an unexpected issue, Coinbase announces five digital assets headed for deletion, and Ripple unveils 1 billion XRP with new guidelines - recap of crypto news by U.Today.
Hey there! lets dive into the weekend's top crypto news with U.Today.
Cardano's "Marketing" Issue: A Communication Puzzle Solved?
In a recent tweet, Tim Harrison, Input Output EVP Community & Ecosystem, spoke candidly about Cardano's so-called "marketing issue." According to Harrison, the challenge lies in the project's inability to communicate its value effectively. In his opinion, Cardano doesn't need flashy promotions or promises of rapid price gains, but it does need to be seen and heard.
Harrison favors a "Growth First, Marketing Second" approach, highlighting the need for a smarter strategy, message simplification, community empowerment, and strategic partnerships to boost visibility. Interestingly, Harrison didn't mention anything about a rebrand for the crypto project.
Coinbase Shakes Things Up: Five Cryptos on the Chopping Block
On May 2nd, Coinbase shared the news that it will be delisting five different cryptocurrencies. The tokens in question are Galxe (GAL), Litentry (LIT), Mines of Dalarnia (DAR), Orion Protocol (ORN), and PARSIQ (PRQ). These tokens will be removed from the platform starting from May 16th, 2025, due to the release of their new versions. As a result, trading for these tokens will be suspended on Coinbase (Simple and Advanced Trade), Coinbase exchange, and Coinbase Prime.
A Billion XRP on the Move: Ripple Updates Escrow Rules
As reported by Whale Alert blockchain tracker, three massive XRP transactions took place on May 3rd, carrying a combined total of one billion XRP. Ripple was responsible for one of these transactions, while the others were released from escrow by an unidentified entity. Notably, Ripple is now locking 700 million XRP in escrow before releasing one billion XRP each month, rather than after. This change is intended to maintain market liquidity while using the proceeds to support Ripple Payments network.
Want to keep up with the latest crypto news? Read U.TODAY on Google News!
- Despite Cardano's "marketing issue," Tim Harrison, Input Output EVP Community & Ecosystem, advocates for a "Growth First, Marketing Second" approach to address the project's value communication challenges, emphasizing smarter strategies, message simplification, and strategic partnerships to boost visibility.
- Coinbase has announced its intention to delist five cryptocurrencies - Galxe (GAL), Litentry (LIT), Mines of Dalarnia (DAR), Orion Protocol (ORN), and PARSIQ (PRQ) - due to the release of new versions, affecting trading activities from May 16th, 2025.
- Intriguingly, a billion XRP tokens were moved in three separate transactions on May 3rd, with Ripple responsible for one of them, while the rest originated from an unidentified source.
- In a recent development, Ripple has updated its escrow rules, locking 700 million XRP in escrow before releasing one billion XRP each month to maintain market liquidity and support the Ripple Payments network.
- Crypto traders and enthusiasts following cryptocurrencies like Bitcoin, Cardano, and various others can stay informed about the latest developments in the crypto news landscape by reading U.Today on Google News.
- The sensitivity of blockchain technology in finance has been highlighted by a recent bug in Solana’s decentralized finance protocol, resulting in millions of dollars in liquidity being locked away for a user who discovered the problem.
- A token-based cryptocurrency project, XRPScan, aims to provide informational resources and tools for analyzing XRP transactions, blockchain activity, and overall performance of the technology to help traders make more informed decisions in their XRP trading.
- Despite a whale's recent move of a billion XRP tokens, the overall crypto market remains diverse, with Bitcoin, Cardano, and numerous other cryptocurrencies continuing to drive the evolution of technology and finance worldwide.
