Shibarium, the layer-2 blockchain of the Shiba Inu ecosystem, has seen a staggering increase in transaction fees over the past 24 hours as, according to data from Shibariumscan, the total number of BONE spent on gas fees has jumped from 15.67 to 317 tokens, a staggering 2,024% increase.
Shiba Inu (SHIB) made waves in the crypto market, earning the title of Millionaire-Maker in 2021. However, its recent struggles have left investors looking for alternatives. In 2024, experts suggest that three cryptocurrencies—Rexas Finance (RXS), Ripple (XRP), and Chainlink (LINK)—could offer more promising millionaire-making potential.
In recent months, investor confidence and market traction for Shiba Inu have significantly declined. Even though the asset has transacted over 604 billion SHIB in the past day, its trading volume is still below $1 trillion, underscoring its difficulty in staying on the market.
Shiba Inu has caught the market's attention once again with a nearly 6% price rebound, signaling renewed bullish momentum for the popular meme coin. After a period of consolidation, this jump has raised speculation that the bulls might be returning to drive the price higher.
WazirX's $235 million hack recovery efforts face hurdles as internal findings yield little to no significant breakthroughs.
Hackers who stole $235 million from Indian crypto exchange WazirX have moved around $33 million to coin mixer Tornado Cash this week.
Meme coin leaders Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) have rallied 4.5% and 8% after the announcement of a 50-basis points rate cut in interest rates. What Happened: Interest rate cuts have prompted crypto traders to predict bullish momentum for the cryptocurrency markets.
The attacker has transferred more than 42,500 ETH ($100 million) to Tornado Cash so far, according to the on-chain analytics platform Arkham.
PEPE price reclaimed the $0.00008 level on Sept 19, up 7% in 24-hours, amid rising market liquidity triggered by the US Fed Rate Cut announced on Wednesday.
After a brief period of broader market volatility, the bulls are back in action, with Shiba Inu (SHIB) in the spotlight after the U.S. Federal Reserve interest rate cut. The Fed shocked the global market on Wednesday when it unveiled a 50 basis point interest rate cut, the first time in four years.
In a new twist of events concerning the WazirX hack, the hackers have switched $32M worth of stolen Ether (ETH) through the Tornado Cash. Since Monday, $15,000 ETH has been shifted with three tranches of 5,000 ETH transferred over the past 4 days as per the Peckshield alerts.
Binance's rebuttal comes amid growing frustration over the stolen funds.
Following a prolonged period of correction and consolidation, Shiba Inu (SHIB) may be set for a bullish breakout. This development comes after the Federal Reserve interest rate cut, which has driven crypto prices up.
A serious warning has been issued to the Shiba Inu and Bitcoin communities as clipper malware, known for altering crypto wallet addresses, has resurfaced. This dangerous software threatens to redirect funds to attackers wallets, putting users at significant financial risk.
Shiba Inu (SHIB) experienced a 129% surge in large transactions, with $33 million in SHIB moved by whale holders. This comes amid growing anticipation for Shibariums upcoming liquid staking platform, which is expected to drive further engagement and SHIB burns.
WazirX founder Nischal Shetty claimed earlier this month that the ultimate owner of the crypto exchange was Binance - a statement the latter has denied.
The Shiba Inu coin could see a breakout very soon. Recent developments in the Shib ecosystem are growing the bullish sentiments. Just last week, the Shibarium received a major Bor upgrade and Cancun hard fork to boost performance, security and scalability. Adding to these developments, Shiba inu launched the K9 mainnet just 12 hours ago.
As it approaches the apex of a symmetrical triangle pattern, XRP is getting closer to a pivotal moment in its price movement. This pattern frequently signals substantial volatility, and XRP might be preparing for a significant move higher.
The 7.8 million SHIB burn strategy could boost the memecoin if a key condition is met.
Whale activity hints at major growth for SHIB, supported by rising volume and accumulation trends.
Shiba Inu (SHIB) had surged slightly by around 0.5% at the time of writing to trade at $0.0000133. The price upsurge comes amid uncertainty across the broader cryptocurrency market.
Shiba Inu's Lucie exposes the inconvenient truth on why Bone ShibaSwap's (BONE) major listings are delayed.
It's not all rainbows and sunshine for an early SHIB holder, who has lately caved into a multi-million deficit.
Bitcoin is at a critical juncture, and analysts are divided about the potential impact of interest rate cuts on the market's direction.
The Shiba Inu community and the broader cryptocurrency ecosystem have been put on high alert following a critical malware warning. The alert centers around Clipper malware, a malicious software that targets cryptocurrency transactions, posing a significant threat to users' funds.
The hacker behind the WazirX breach recently funnelled $11 million through Tornado Cash, as the total laundered Ethereum reaches 20,000 ETH.
Dog-themed cryptocurrency Shiba Inu (SHIB) is seeing a surge in large transactions, increasing by 129% as whale activity resurfaces.
Analysts have taken notice of Shiba Inu (SHIB) recently, which sees an unusual strength even when the greater crypto market gets into chaos. Optimism for the massive upswing in price came after a recent breakout from a falling wedge pattern.
Check out which dog-themed meme coin made the headlines lately by registering an impressive price increase.
Ethereum-based latest meme coin NEIRO has gained significant attention recently after receiving support from some of the top crypto exchanges like Binance, KuCoin, and others.
One of the first people to invest in Shiba Inu (SHIB) and made $145 million during the 2021-2022 bull run is now looking to make a profit from a potential new meme coin.
Pseudonymous Shiba Inu social media marketing lead Lucie has addressed the SHIB community with a post that highlights the importance of the TREAT token, claiming that it will be a key element to the approaching “mysterious evolution” of the Shiba Inu ecosystem.
The WazirX exploiter continues to move thousands of the stolen assets across new wallets, with part of the latest batch laundered through crypto mixer Tornado Cash.
As the Shiba Inu ecosystem is preparing to enter a new era, the project's core member and head of marketing Lucie has offered insights into SHIB's mysterious evolution, emphasizing the crucial factor that will majorly drive the growth.
Leading meme coin Shiba Inu (SHIB) has recently attracted the attention of its largest holders, or “whales.” A key on-chain metric has indicated a potential buying opportunity, prompting these large investors to accumulate more SHIB tokens.
A ridiculous price increase or a short-term correction: what could be next for SHIB's price?
The official Shiba Inu (CRYPTO: SHIB) account on X has announced that tomorrow at noon EDT, the highly anticipated liquid staking platform, K9 Finance, will launch on the Shibarium network. What Happened: This new platform will allow users to engage in liquid staking for Bone ShibaSwap (CRYPTO: BONE), a key token in the Shiba Inu ecosystem.
Shiba Inu Coin price could be gearing up for an exciting breakout, with price action signaling the completion of a bullish reversal trend. As the market awaits this potential surge, the Shiba Inu ecosystem is making waves with the launch of a new liquid staking feature.
Shiba Inu has experienced a sustained decline over the past months. However, the latest price action indicates SHIB is breaking from the trend.
Discover how the activity of crypto whales could trigger an explosive growth of 7000% for Shiba Inu (SHIB).
Global exchange Binance has addressed the “misleading” claims made by hacked trading platform WazirX, denying any involvement with the Indian exchange and demanding “accountability” from its team after the $235 million crypto heist.
Shytoshi Kusama, the leader behind Shiba Inu, has sparked speculation with his new X location, Whale. This cryptic move may suggest a major update, signaling involvement from a significant investor or upcoming expansion in the Shiba Inu ecosystem.
In a remarkable development, Shiba Inus burn rate exploded by 3,348%, erasing 7.8 million SHIB tokens within 24 hours. While the coins price dipped slightly, shrinking sell-offs and encouraging trends hint at a possible resurgence for the popular meme cryptocurrency.
Crypto exchange Binance has responded to accusations from Wazirx and Zettai about how its dispute with Wazirx affects user funds lost in the July cyberattack. The company insists that responsibility for the incident lies with Wazirx's management under Zanmai and Zettai, not Binance.
The 50-day EMA crossing below the 200-day EMA is signaling a possible death cross, according to Bitcoin's technical indicators. The current chart indicates that the difference between the two moving averages has been closing, and this crucial cross may occur in the coming days.
The world's leading cryptocurrency exchange by trading volume is distancing itself from a cyberattack that recently compromised the WazirX trading platform. In a statement released today, Binance said that it has never owned, controlled, or operated WazirX and that it was not involved in the compromised wallet, contrary to speculation.
The incident underscores the critical need for robust security measures and accountability in cryptocurrency exchanges to protect user funds. The post Binance urges WazirX to compensate users after $235M hack appeared first on Crypto Briefing.
"Their attempts to shift responsibility is a disappointing deflection tactic," Binance wrote in its blog post.