According toCryptoPotato, Bitcoin experienced significant price swings in January,stabilizing around $42,000. Ripple is engaged in an escalating legal battlewith the SEC, which has demanded certain financial documents. Shiba Inu hasseen a significant increase in its token burn rate, with over 9 billion assetsdestroyed since January 1, 2024.

Bitcoin's pricespiked to as high as $49,000 on January 11 and dropped to a low of $38,600 onJanuary 23. The rapid swings could be attributed to the historic approval ofthe first spot Bitcoin ETFs in the US and the confusion surrounding theprocess. BTC bulls pushed the asset’s value to approximately $42,000, a markthat has been evident in the past three days. Many experts predict a brightfuture for Bitcoin, with some suggesting that those investors waiting for aprice crash toward the $30K level will be disappointed.

The legal battlebetween Ripple and the SEC escalated in recent weeks after the SEC insistedthat Ripple hand over its financial statements for 2022 and 2023 and itspost-complaint XRP sales contracts. Ripple labeled those records untimely andunrelated to the case, causing the regulator to re-file its motion. Ripple’sattorneys asked to present a sur-reply letter seeking to correct a significantfactual mischaracterization made by the SEC. The US magistrates greenlightedtheir wish at the end of last week. The two organizations are scheduled to meetat a grand trial on April 23.

Shiba Inu, thesecond-largest meme coin by market capitalization, has witnessed a severe spikein its burn rate since the beginning of 2024, with over 9 billion tokensalready destroyed. Most recently, the metric exploded by 4,200% on a dailyscale. The mechanism aims to reduce the tremendous circulating supply of SHIB,making it scarcer and potentially more valuable in time. Last week, the teambehind Shibarium, Shiba Inu’s layer-2 blockchain solution, introduced anessential update designed to minimize the burden of manual token burning andautomate the entire system.