$#SHIBA It that Shiba Inu is becoming popular again, after a report from the blockchain analytics platform IntoTheBlock that the activity of the whales on the blockchain in the past 24 hours has increased by more than 514% from 544.71 billion to 2.82 trillion tokens. Meanwhile, the trading volume of Shiba Inu has increased to touch 25.05 million dollars. What is interesting is that the numbers only cover transactions that exceed 100,000 dollars. The rapid increase in transactions on Shiba Inu does not have any significant meaning, but it is because in the past January, the ecosystem of the coin was not very popular in the market, resulting in the price of the coin dropping as well.

According to data from CoinMarketCap, the current trading price of Shiba Inu is about 0.0000089 dollars, down by more than 3.83% in the past 7 days, and down by as much as 8.63% in the past month. However, this movement has sparked hope for the SHIB community again, because the increase in the number of transactions in the system, especially with the whales, shows that they may be in the accumulation phase before the price of the coin increases in the future.

A developer of Terraform Labs named Lee testified in court on Monday that co-founders Kwon Do-hyeong and Shin Hyun-seung advertised TerraUSD stablecoin as a payment option for investors, even though they knew that local regulations prohibited offering such services, according to local media reports.
This testimony occurred during the third court hearing for eight former members of Terraform Labs, including Shin Hyun-seung, according to Chosun Ilbo, a local media outlet. The full name of the former developer Lee was not disclosed due to South Korea's privacy regulations.
After the Terra-Luna crypto-currency project collapsed in 2022, South Korean prosecutors accused Do Kwon, Shin and Terraform Labs of jointly defrauding investors by promoting TerraUSD (UST) stablecoin as having a fixed value of $1 and being a payment option, among other charges.However, Shin claimed that at the time, the regulatory agency did not have a clear stance on the use of crypto as a payment method. In addition, Shin said he left Terraform Labs two years before the collapse and confirmed that he was not involved in the loss at that time.
Lee, a former developer,testified that Do Kwon (co-founder of Terraform Labs) once said that South Korea's financial regulations prohibited TerraUSD from being used as a payment method, indicating that Terra's executives were aware of the limitations of this stablecoin. But Shin's team argued that the testimony was not true.Meanwhile,Han Chang-joon,former chief financial officer (CFO) of Terra, who is a major partner of Do Kwon,was extradited from Montenegro to South Korea on Monday. Han Chang-joon is expected to arrive in Seoul in the afternoon on Tuesday, Asian time, and will be interrogated by South Korean prosecutors later, according to a report by local news agency Aju Business Daily.In March last year, Han Chang-joon and Kwon were arrested at the airport in Montenegro on charges of traveling with fake documents.Kwon is still being held in Montenegro as local authorities are still considering whether to extradite him to South Korea or theUnited States.

#BTC
#Write2Earn $$
Bitcoin (BTC) is the most popular and widely used cryptocurrency in the world. It is a decentralized digital currency that can be sent and received without intermediaries. Tether (USDT) is a stablecoin that is pegged to the US dollar and backed by reserves. It is used as a medium of exchange and a store of value in the crypto market.
BTCUSDT is the trading pair that represents the price of Bitcoin in terms of Tether. It is one of the most liquid and active markets in the crypto space, as it reflects the demand and supply of both coins. BTCUSDT is influenced by various factors, such as the sentiment of the crypto community, the news and events related to Bitcoin and Tether, the technical analysis of the price movements, and the arbitrage opportunities between different exchanges.
As of February 6, 2024, BTCUSDT is trading at around 41,700 USDT, after reaching a high of 42,246 USDT on January 25, 20241. The price has been in a consolidation phase since then, forming a symmetrical triangle pattern on the daily chart. A breakout from this pattern could indicate the next direction of the trend, either bullish or bearish. Some of the key levels to watch are the support at 39,896 USDT and the resistance at 42,246 USDT1.
What do you think about BTCUSDT? Do you think it will go up or down in the near future? Share your thoughts and opinions in the comments below. And don’t forget to use the #Write2Earn hashtag to earn some rewards for your content. Happy trading!

#MyFirstSquarePost Hello, #Binance Square! 🎉🚀
Welcome to Binance Square, where crypto enthusiasts gather to share insights, discuss trends, and explore the fascinating world of blockchain and digital currencies. Whether you’re a seasoned trader or a curious newcomer, this square is your hub for all things #crypto.
Feel free to ask questions, share your experiences, or dive into the latest market updates. Let’s make this square buzz with excitement! 🌟💡🔗