Shiba Inu-themed Floki Sees Trading Volumes Skyrocket

• Trading volumes for Shiba Inu-themed Floki token surged to over $60 million.
• Ripple Labs acquired Metaco, a Swiss-based asset custody company.
• Russia scraps plans for a national cryptocurrency exchange and BTC/USD, ETH/USD, XRP/USD and LTC all fell in the last session.

Shiba Inu-themed Floki Sees Trading Volume Surge

Floki spiked over 10% and saw its highest trading volumes in over three weeks as traders bet on the tokens amid a China-focused push for its Valhalla metaverse game. Trading volumes for the tokens, which are fashioned after the Shiba Inu dog breed, jumped to over $60 million, up from last week’s $25 million average.

Ripple Labs Acquires Metaco

In the most publicized acquisition within the crypto world in 2023, blockchain payments company Ripple Labs acquired Metaco. Metaco is Swiss-based asset custody that focuses on trading and decentralized finance. The acquisition was crucial as it could help Ripple Labs cement its footprints in the EU, after paying $250 million to seal the deal.

Russia Scraps Plans For A National Cryptocurrency Exchange

The Russian government is no longer planning to launch a regulated national cryptocurrency exchange but rather wants to regulate multiple crypto trading platforms. After introducing a plan to create a national crypto exchange in November 2022, Russian lawmakers have abandoned the idea.

BTC/USD Plummets 1.3%

BTC/USD plummeted 1.3% in the last session. The Bitcoin-Dollar pair dove 1.3% in the last session. The Stochastic indicator is giving a positive signal with support at 262621 and resistance at 291801.

Daily Economic Calendar: US Consumer Confidence

Consumer Confidence is a leading index that measures the level of consumer confidence in economic activity. The US Consumer Confidence will be released at 14:00 GMT, the US S&P/Case-Shiller Home Price Index will be released at 16:00 GMT and US New Home Sales will be released at 19:00 GMT today

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