Shockwaves in Crypto: Ethereum Hack Exposed, Shiba Inu Whale Roars, and SBI Unleashes XRP Lending!

The cryptocurrency market is buzzing with significant developments, from institutional players expanding their services to notable on-chain activities and a major security breach. SBI VC Trade, a subsidiary of the financial giant SBI Holdings and a massive institutional partner of Ripple, has announced a new recruitment round for its 'Rent Coin' (lending) service. This highly anticipated recruitment period is set to begin tonight, December 18, 2025, at 20:00 (JST). The exchange's 'Rent Coin' program supports lending for a diverse range of 34 assets, including prominent cryptocurrencies like XRP and Bitcoin (BTC), and even popular meme coin Dogecoin (DOGE). This service offers users a valuable opportunity to earn returns on otherwise idle crypto holdings, distinguishing itself from standard wallet storage which typically generates no yield. Applications are processed on a first-come, first-served basis, and popular coins like XRP and DOT are known to reach capacity quickly, often leading to waitlists. SBI VC Trade initially launched this cryptocurrency lending service in November 2020, at which point it exclusively supported Bitcoin (BTC) with a minimum loan of 0.1 BTC and a 1% usage fee.
In other significant on-chain news, a Coinbase-linked Shiba Inu whale has resurfaced after a year-long silence, executing a substantial transfer. The whale, identified by the wallet address "0x1b1," received precisely 53,591,805,991 SHIB from a Coinbase hot wallet approximately 20 hours ago. This transfer was valued at around $415,000 at the time. This activity is particularly noteworthy given the wallet's history; a year prior, it had sent 43.6 billion SHIB and 9.1 billion SHIB back to Coinbase deposit addresses before entering a period of complete inactivity until this latest movement. Furthermore, the same address had multiple interactions with Coinbase deposits three years ago, moving large blocks of SHIB ranging from 1.8 billion to 109.4 billion during earlier market cycles. This resurgence comes at a time when the Shiba Inu coin has been experiencing a prolonged drawdown throughout 2025, opening the year above $0.00002 and subsequently selling off aggressively to the $0.000012-$0.000015 range by spring.
A major security incident has also shaken the Ethereum ecosystem, with an Ethereum whale's multisig wallet being drained of approximately $27.3 million due to a private key compromise. According to alerts from PeckShieldAlert, the attacker has already managed to funnel about $12.6 million, equivalent to around 4,100 ETH, through the privacy-enhancing protocol Tornado Cash. An additional $2 million in liquid assets remains under the attacker's control. Etherscan traces linked to the address "0x1fCf1" reveal a pattern of repeatedly sending 100 ETH chunks to Tornado Cash, suggesting a calculated laundering schedule rather than a panicked move. The attacker appears to have gained control over the victim's multisig, which, as per the Aave interface, still holds a leveraged ETH long position. This position involves approximately $25 million in Ethereum supplied against about $12.3 million in DAI borrowed, with a health factor displayed around 1.68. This indicates the wallet is still active but in a precarious state should ETH prices decline further. The wallet overview on Etherscan shows holdings of 100.3184 ETH (approximately $284,640) and an additional $1.37 million spread across 201 different tokens. Key holdings include 303.44 WETH (around $860,973), 2,216.36 OKB (approximately $234,802), 4,928.74 LEO ($36,374), and 151,990.97 FET ($30,870).
Recommended Articles
Coinbase CEO Unleashes Bold 'Crypto Is Here to Stay' Declaration!

Coinbase CEO Brian Armstrong reaffirms his belief in crypto's permanence, citing the U.S. government's Bitcoin reserve, ...
Coinbase Unleashes Prediction Market for Crucial Dec. 17 Crypto Event!

Coinbase is set to launch a new prediction market on its platform, partnering with CFTC-regulated Kalshi, as part of its...
Mystery Unfolds: $70 Million XRP Outflow Shakes Coinbase, Market Ponders Seller's Identity

XRP has turned green after a prolonged market correction, amidst a significant transfer of over 33 million tokens to Coi...
Bitwise XRP ETF Ignites Market Frenzy, But Price Remains Stubborn

Despite high anticipation and significant institutional trading volumes for new spot XRP ETFs from Bitwise and Canary Ca...
Coinbase Stuns Market with $1.9B Q3 Revenue, Bold $300M Bitcoin Bet!

Coinbase announced robust third-quarter earnings, surpassing Wall Street expectations with $1.9 billion in revenue and $...
You may also like...
Man City Soars to Top of EPL with West Ham Thrashing, Haaland Breaks Records
)
Manchester City defeated West Ham 3-0 to claim the top spot in the Premier League, fueled by two goals from Erling Haala...
Maresca's Chelsea Faces Backlash After Newcastle Draw as Howe Demands Penalty

Chelsea staged a dramatic second-half comeback to secure a 2-2 draw against Newcastle United at St James' Park. After fa...
Finale Foreshadowing: Will Byers Set for Devastating Loss in Stranger Things 5

After Stranger Things Season 5 Vol. 1, a compelling theory suggests Will Byers may lose an eye while wielding Vecna's po...
Shocking Cena WWE Choice Launches Series to Netflix #1

The post-John Cena era of WWE has detonated, with RAW shooting to Number 1 on Netflix following Cena's career-ending los...
Rauw Alejandro Electrifies Dominican Republic with Free Concert & Latin Music's Uplifting Surge

This week in Latin music, artists made headlines with major announcements and uplifting events. Rauw Alejandro delighted...
Uber Unleashes 'Uber Cash' in Nigeria, Forging Alliance with FinTech Star Flutterwave!

Uber has partnered with Flutterwave to launch Uber Cash, its digital wallet feature, across Sub-Saharan Africa. This new...
IHS Towers' $412M MTN SA Acquisition Shakes Up Global Telecom Market!

IHS Towers has completed the $412 million acquisition of 5,701 mobile tower units from MTN Group in South Africa, becomi...
Shockwaves in Crypto: Ethereum Hack Exposed, Shiba Inu Whale Roars, and SBI Unleashes XRP Lending!

SBI VC Trade is launching a new recruitment round for its 'Rent Coin' lending service, supporting 34 assets including XR...