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Ripple moved 60 million XRP ($30 million) on October 9, from the 200 million kept from this month’s 1 billion XRP token unlock. These tokens were then distributed and passed through five different accounts before being deposited in small batches to four exchanges indicating they were sold. Notably, during this possible sell-off from part of the freshly released XRP tokens , the price of the XRP/USD pair on Bitstamp — one of the exchanges that received 33.15 million out of the 60 million spent — suffered a massive dump from $0.50 to $0.458 (-8.5%), around the same time when everything happened. XRP/USD 4-hour price chart on Bitstamp. Source: TradingView Following the track of the 60 million XRP After the 1 billion XRP escrow on October 1, Ripple re-locked 800 million in new escrows, keeping 200 million tokens in the “Ripple (1)” account, ready to be circulating through XRP’s supply inflation mechanism. Finbold retrieved this data from XRP Scan on October 10. In this context, 60 ...

Ethereum core developers have included EIP-7514 in the upcoming Dencun upgrade . This proposal slows the growing ETH staking while allowing developers to explore long-term solutions for unchecked staking. EIP-7514 is an Ethereum Improvement Proposal co-authored by Tim Beiko and Dapplion that is meant to slow down the rate of Ether (ETH) staking.  The proposal is part of Ethereum’s Dencun upgrade slated for activation in October 2023, and it is essentially an attempt to buy the community time to come up with a more practical reward scheme for stakers on the network. Next up, we continued a conversation from last week's ACDC call, about whether to add a constant cap to the validator activation queue. The proposal had since then been formalized as EIP-7514: https://t.co/sd4D4GlMRY — timbeiko.eth ️ (@TimBeiko) September 14, 2023 According to some Ethereum developers, if the pace of staking remains unchecked, it will be possible to witness half of all ETH staked by May 2024,...