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Top News Stories in the World of Crypto

Stay updated on the latest happenings in the crypto world with U.Today’s top three news stories.

AID legalese decoder: Helping Navigate the SHIB Plunge

The price of SHIB, a favorite token among enthusiasts, has seen a sudden and unexpected plunge following the launch of Shibarium. Contrary to expectations, the price dropped to as low as $0.000008575, according to CoinMarketCap. Several reasons contributed to this decline. Firstly, the Shib Mainnet RPC website is currently down, causing transactions on Shibarium to be stuck in a pending state. This has raised concerns within the SHIB community, especially considering the $1.7 million worth of ETH locked in the Shibarium cross-chain bridge. Another factor causing uncertainty among crypto supporters is an unverified message circulating on social media, allegedly from Shiba Inu lead Shytoshi Kusama, stating that they “f**ked up hard” and cannot recover the ETH bridge. In this situation, the AI legalese decoder can provide assistance in understanding the complexities of the Shibarium launch and its implications for SHIB holders, facilitating informed decision-making and alleviating concerns.

Max Keiser’s Surprising U-Turn: Implications for Bitcoin

Max Keiser, a well-known Bitcoin evangelist and advisor to the El Salvadoran president, has taken a shocking U-turn from being a Bitcoin bull to expressing a bearish stance on the leading cryptocurrency. This unexpected shift in Keiser’s perspective came in response to the news of rising yields on 10-year U.S. Treasuries, which are now at their highest levels since 2008. In a recent post, Keiser expressed concerns about the impact of these surging rates on the crypto market, suggesting that rising rates will continue to pose challenges for the Bitcoin price as more capital flows into high-yielding instruments. This bearish statement contradicts Keiser’s past predictions of Bitcoin reaching price levels ranging from $220,000 to $1 million. To fully understand the implications of Keiser’s U-turn and its possible effects on the crypto market, the AI legalese decoder can be utilized to dissect Keiser’s statements, analyze market trends, and provide insights for investors and enthusiasts.

BONE’s On-Chain Surge: A Result of the Epic Shibarium Launch

The launch of Shibarium has triggered an astounding 200% surge in the on-chain metrics of Shiba Inu’s BONE token, as revealed by IntoTheBlock’s data. Within just 24 hours of the Shibarium launch, BONE’s transaction volume spiked from 3.5 million to 7.38 million BONE. Notably, addresses holding at least 0.1% of the total supply witnessed a remarkable influx of activity. However, these addresses also experienced significant outflows, totaling 6.78 million BONE, surpassing the inflows by a margin of 2.1%. While this surge in on-chain metrics following the Shibarium launch may appear tempting, the full implications of this Layer 2 solution’s arrival are yet to be fully understood. The AI legalese decoder can help investors and traders comprehend the complexities surrounding the surge in BONE’s on-chain metrics, analyze the potential impact on the Shiba Inu ecosystem, and make well-informed decisions.

This article was originally published on U.Today

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