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Note:
The preferences screen would be written in English if you don't choose Japanese language on Android.
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Kagura RSS is an RSS Reader for Live Wallpaper.
It has 5 ways to display news.

List: Displays scrolling text right to left.
Ribbon: Displays scrolling text right to left, top to bottom, and any directions.
Ring: Displays text on circle likes a ring
Star Wars: Likes the opening crawl Star Wars.
Warp: Diving in the sea of information.

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Kagura RSS (Free) Limits you List and Ribbon, accepts only one RSS feed.
Kagura RSS (Paid) Gives you all display styles and RSS feeds as many as you want.

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Kagura RSS (Free)
https://market.android.com/details?id=juno.kagurarss.free

Kagura RSS (Paid)
https://market.android.com/details?id=juno.kagurarss.paid

Juno Soft
http://junosoft.net