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Shytoshi Kusama, the lead developer of Shiba Inu, has vowed to address critics of the cryptocurrency, promising upcoming wins for the community. This follows the successful integration of Chainlink's Cross-Chain Interoperability Protocol into Shibarium, enhancing token interoperability. The Shiba Inu team is optimistic about future developments, including a new feature for treasure burns, as they aim to reshape SHIB's future amidst recent market volatility.
Shiba Inu's partnership with Chainlink has integrated the Cross Chain Interoperability Protocol (CCIP) into its Shibarium layer 2 blockchain, enhancing cross-chain functionality and scalability for decentralized applications. This collaboration improves interoperability among SHIB, BONE, and LEASH tokens, positioning Shiba Inu for greater adoption in the interconnected blockchain landscape.Despite rising trading volumes, SHIB's futures open interest has declined significantly, indicating a cautious market sentiment. Traders are advised to monitor volume-driven price actions and open interest reversals as key indicators for SHIB's next major move.
The US Securities and Exchange Commission (SEC) has approved the first hybrid Bitcoin and Ethereum index exchange-traded funds (ETFs) from Franklin Templeton and Hashdex, set to launch in January 2025. These ETFs will hold spot BTC and ETH in an 80:20 ratio, with potential for future inclusion of other cryptocurrencies pending regulatory approval. The approval reflects the SEC's alignment with the Exchange Act's criteria, emphasizing investor safeguards against fraud and manipulation.
In 2024, Chainlink has made significant advancements through its Build and Scale programs, attracting over 4,000 developers and achieving 300 million Total Verified Messages. The Scale program now includes 16 blockchain networks, while the Build program welcomed 41 new teams, fostering collaboration and innovation.Market activity is buzzing as a notable whale accumulated 210,000 $LINK tokens, recently transferring $4.99 million worth to an exchange, potentially yielding a 65.3% profit. Analysts predict a price rebound for $LINK if the $26.80 support holds, with targets reaching up to $30.20.
Shiba Inu (SHIB) has partnered with Chainlink to enhance Shibarium's operations through the adoption of the CCT standard, aiming to improve efficiency and security in DeFi. Despite this development, SHIB has faced significant selling pressure, resulting in a 35% price drop, with large holder outflows outpacing inflows. While the market shows signs of potential re-accumulation, bearish momentum persists, indicating further downside could be possible.
Shiba Inu (SHIB) has partnered with Chainlink (LINK) to integrate its Cross-Chain Interoperability Protocol (CCIP) into the Shibarium network, enabling seamless operations across 12 blockchains. This collaboration aims to enhance DeFi applications and cross-chain functionality, while providing robust security for transactions. Despite recent price declines, the partnership has sparked optimism among the SHIB community, with analysts noting a critical support zone that could lead to a rebound.
Shiba Inu (SHIB) has partnered with Chainlink (LINK) to enhance its cross-chain functionality and data integration. This collaboration aims to introduce advanced interoperability features to the Shiba Inu network, which is expected to drive increased adoption of the platform.
Shiba Inu has partnered with Chainlink to enhance its DeFi strategy by integrating Chainlink’s Cross-Chain Token (CCT) standard, allowing SHIB, LEASH, and BONE tokens to operate across 12 blockchains. This collaboration introduces advanced interoperability features and supports the development of secure, scalable cross-chain applications on Shibarium. Additionally, the integration of Chainlink Data Streams provides high-frequency market data, paving the way for innovative projects within the Shiba Inu ecosystem.
Bitcoin extended its pullback, trading at $96,954, as bulls defended the 50-day SMA amid mixed sentiment following U.S. inflation data. Ethereum faced resistance at $4,094, while XRP struggled at $2.24, with critical support levels identified for several altcoins, including Solana and Cardano. The market remains volatile, with traders weighing potential buying opportunities against the risk of deeper corrections.
World Liberty Financial (WLFI), a new venture by Donald Trump, has made waves in the cryptocurrency sector by acquiring 722 ETH for approximately $2.5 million, boosting its total Ethereum holdings to about 15,598 tokens valued at $53 million. The project aims to democratize crypto loans, challenging traditional financial institutions, while also diversifying into other cryptocurrencies like Aave and Chainlink. With significant backing from TRON founder Justin Sun, WLFI is under scrutiny as it navigates a competitive DeFi landscape amid concerns over potential conflicts of interest.
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