Crypto News Today: Ethereum Privacy Funding, UK Crypto Ban, SHIB Burn Surge, and XRP Breakout Watch
The UK has banned cryptocurrency donations to political parties, citing concerns over foreign interference and transparency. Meanwhile, the Shiba Inu ecosystem saw a sharp increase in token burn activity, with over 23.7 million SHIB tokens removed from circulation in a single day.
A new privacy-focused Layer 2 network, Payy, has raised $6 million in funding. The UK has banned cryptocurrency donations to political parties due to concerns over foreign interference. The Shiba Inu ecosystem recorded a sharp increase in token burn activity, with over 23.7 million SHIB tokens removed. This represents a 1,086% jump in the daily burn rate. The burn activity was spread across 10 transactions, with the largest single burn transaction exceeding 14 million tokens.
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