According to U.Today, zkSNACKs, a leading player in Bitcoin privacy solutions and the company behind Wasabi Wallet, has announced it will cease its coordination service from June 1, 2024. This decision has raised concerns among the crypto community as it will impact not only Wasabi Wallet users but also users of other wallet clients connected to the zkSNACKs coordinator, such as Trezor Suite and BTCPayServer. Despite discontinuing its coinjoin coordination service, Wasabi Wallet will continue to operate as a Bitcoin wallet, albeit with reduced privacy features. Edward Snowden, the renowned whistleblower, has expressed his concern, urging Bitcoin developers to prioritize privacy at the protocol level.
In other news, Tesla, the electric car manufacturing company, has added Dogecoin as an official payment option on its website. However, the use of Dogecoin is currently limited to the online Tesla Shop for purchasing merchandise. This development led to a 21% surge in DOGE's price on Saturday, May 4, reaching $0.159. As of the time of writing, DOGE is trading at $0.156. Tesla's first experimental adoption of DOGE took place in January 2022, and in March 2024, Elon Musk suggested the possibility of adding DOGE as a payment option in the future.
Lastly, Shiba Inu could potentially see a significant price increase, with a 110 trillion SHIB threshold being the key to a 100% price surge. Data indicates that 110.27 trillion SHIB were purchased by 327,200 Shiba Inu addresses at an average price of $0.000034, close to the current price range. This suggests that over 327,000 addresses would need SHIB to rise to $0.00005 to break even. If this threshold is breached, it could potentially help SHIB remove a zero from its price. At the time of writing, SHIB is trading at $0.0000243.