- Voyager Digital’s rapid crypto sell-off spurs industry shockwaves with a $63M yield.
- Shiba Inu thrills the community with an electrifying lead developer presentation at Blockchain Futuristic Conference.
- Shiba Inu’s third-anniversary conference to unveil shibarium mainnet and worldpaper Amid Global Enthusiasm.
In a whirlwind of crypto moves, Voyager Digital, the once-prominent crypto lender that sought refuge in bankruptcy last year, has taken a significant step in its winding down process. Recent data from Lookonchain reveals that Voyager has offloaded a substantial portion of its crypto holdings on Coinbase within four days. The crypto liquidation spree has yielded approximately $63 million, sending shockwaves through the industry.
The tokens thrown into the digital melting pot included big names like Bitcoin and Ethereum, with 781 Bitcoins valued at $23 million and 9,570 Ethereum worth around $17.6 million. Yet, the staggering sale of 1.4 trillion Shiba Inu tokens, totaling $14.4 million, truly caught the eye. This maneuver follows Voyager’s commitment in May to return roughly 35% of customers’ crypto deposits as part of its ongoing efforts to settle its obligations.
In a tangential twist, the company orchestrated a remarkable dance with USDC. Voyager received a hefty 84.5 million USDC from Coinbase and, without missing a beat, promptly deposited 85 million USDC into Circle’s pockets.
While Voyager’s financial rollercoaster continues, it’s worth noting that the company still holds assets amounting to $11.3 million. Among its holdings are 52.4 million VGX, $8.27 million, and 55 Bitcoins worth $1.62 million.
Amidst the chaos, a glimmer of excitement emerges from the Shiba Inu camp. The community has been treated to an exclusive invitation to witness the presentation by Shytoshi Kusama, the lead developer of Shiba Inu, at the Blockchain Futuristic Conference (BCF). Scheduled for today at 14:10 EDT (18:10 UTC), this electrifying virtual event promises a sneak peek into Shiba Inu’s future.
Kusama joins an illustrious lineup of crypto luminaries at the Blockchain Futuristic Conference, including Cardano’s Charles Hoskinson and Ethereum’s Anthony Di Iorio. Set to unfold over two days, from August 15 to 16. The conference offers a front-row seat to crypto enthusiasts worldwide.
This event carries special significance for the Shiba Inu community, coinciding with the project’s third anniversary. With all eyes on Shiba Inu’s camp, the conference is expected to witness the launch of Shibarium’s mainnet and the unveiling of the highly anticipated Shiba Inu Worldpaper. As Shiba Inu enthusiasts prepare to tune in from around the globe, one thing is sure: this is a moment in crypto history that won’t be forgotten.
