Shiba Inu Leader Announces Collaboration With CDSA, Community Burns Hundreds Of Millions Of SHIB
According to U.Today, Shytoshi Kusama, the enigmatic leader of Shiba Inu, recently addressed the SHIB community, discussing a significant new collaboration and the burning of hundreds of millions of meme coins. Kusama revealed that the SHIB team has initiated a partnership with the Content Delivery Security Association (CDSA). This collaboration aims to explore the potential of blockchain technology in the media and entertainment sectors.
Kusama stated, 'We look forward to providing a unique and blockchain-first perspective to CDSA’s work in helping media and entertainment executives better utilize these innovative technologies, especially as blockchain and artificial intelligence converge.' The CDSA, an international nonprofit organization established in 1970, focuses on best practices for the delivery and storage of information technology, entertainment, and software. It emphasizes content security, protection, and authenticity.
With SHIB joining CDSA, the organization is expected to enhance its focus and benefit from the SHIB team’s insights and expertise on using blockchain technology. In other news, Kusama also extended holiday greetings to the SHIB community and invited them to the upcoming Blockchain Life Forum in Dubai, where the SHIB team will showcase their work.
In the past week, the SHIB community has reportedly burned nearly 300 million meme coins, specifically 272,441,541 SHIB, increasing the overall weekly burn rate by 13.2%. In the last 24 hours, the Shiba Inu community has burned a further 3,044,312 SHIB, sending them to unspendable blockchain wallets, resulting in a 95.54% decrease in the burn rate. On Thursday, this metric surged by 48,554%, with 87,760,994 SHIB locked in unspendable wallets.
Share Binance Square Links & Complete Tasks to Unlock Over $35,000 Worth of Rewards!
Binance Square is pleased to introduce a new “Share to Win” activity, where all verified Binance users can share Square content to unlock over $35,000 worth of rewards.
Activity Period: 2024-04-08 09:00 (UTC) to 2024-04-15 09:00 (UTC)
Activity 1: Share Binance Square Links With Your Referrals to Get Up to 5 USDT in Crypto Red Packet To participate in this Activity, verified Binance users may login to their Binance accounts and share any Binance Square link(s) with their friends during the Activity Period. Verified new referrals who sign up with Binance after opening the user’s Binance Square link(s), as well as verified existing referrals who are logged in to their Binance accounts, will unlock Crypto Red Packet(s) worth up to 0.5 USDT each for both themselves and their corresponding referrer upon clicking on the shared Binance Square link(s).
Please note that each referrer may claim a maximum of one Crypto Red Packet reward per referral via the Binance App during the Activity Period, and up to ten Crypto Red Packets (i.e., a maximum of 5 USDT in Crypto Red Packet) from this Activity.
Tip: Users may unlock Crypto Red Packets containing greater rewards by ensuring that their friends sign up with Binance after opening the Binance Square link(s) sent and complete account verification.
Activity 2: New Users Only - Sign Up With Binance & Complete Tasks to Earn Up to 5.5 USDT in Rewards In addition, new users who sign up with Binance via the activity page may click on the [Go] button on the page and complete any of the following task(s) during the Activity Period, to get up to 5.5 USDT in rewards. Rewards are limited, and will be distributed on a first-come, first-served basis.
1. Click into any ten unique Binance Square links while being logged in to your Binance accounts. 2. Complete a trade of at least $100 equivalent on Spot, Futures, Margin, Options or Convert. Terms & Conditions This activity may not be available in your region. The rewards for both Activities are distributed on a first come, first-served basis, with limited redemptions available.Users may qualify for rewards from both Activities where applicable. The rewards for both Activities are not mutually exclusive.There will be caps imposed on the amount of rewards available to eligible users per country/region.Users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order to qualify for any rewards from Activity 1 and/or Activity 2.Activity 1:Users may only receive a maximum of one Crypto Red Packet reward from each unique referral. Please note that users may redeem multiple Crypto Red Packet rewards from different unique referrals within the same day.Crypto Red Packets will be distributed to eligible users immediately upon meeting the necessary requirement(s). Users should redeem the Crypto Red Packets to their Funding Wallets via the Binance App before the Activity ends. Please note that all unclaimed Crypto Red Packets will be forfeited after the Activity ends. Activity 2:Only new users who register with Binance via this activity page will be eligible to participate in Activity 2. Rewards for Task 1 will be distributed in the form of Crypto Red Packets to eligible users immediately upon meeting the necessary requirement(s). Users should redeem the Crypto Red Packets to their Funding Wallets via the Binance App before the Activity ends. Please note that all unclaimed Crypto Red Packets will be forfeited after the Activity ends. Rewards for Task 2 will be distributed in the form of token vouchers to eligible users within 14 working days after the Activity ends. Users will be able to log in and redeem their voucher rewards via Profile > Rewards Hub. Token vouchers will expire by 2024-05-15 09:00 (UTC). Learn how to redeem a voucher.Illegally bulk-registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to cancel a user’s eligibility in this activity if the account is involved in any behavior that breaches the Binance Square Community Management Guidelines or Binance Square Community Platform Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Five Whale Addresses Transfer Over 10 Million ENA to Ethena Labs
According to PANews, The Data Nerd has reported that within the past 24 hours, five whale addresses have transferred over 10 million ENA from CEX to Ethena Labs for staking.
The specific details are as follows: The address starting with 0x536 transferred 1.5 million ENA, valued at approximately 1.78 million USD. The address starting with 0xbB2 transferred 1.49 million ENA, with an estimated value of 1.87 million USD. The address beginning with 0x7f2 transferred 800,000 ENA, worth around 1 million USD.
The address starting with 0x656 transferred 1.18 million ENA, valued at approximately 1.65 million USD. Lastly, the address beginning with 0x886 transferred 5.58 million ENA, with an estimated value of 8.14 million USD.
These transfers indicate a significant movement of ENA tokens to Ethena Labs, a notable event in the cryptocurrency market.
Solana Price Prediction: Peter Brandt Predicts SOL Price Will Likely Drop to This Level
The post Solana Price Prediction: Peter Brandt Predicts SOL Price Will Likely Drop To This Level appeared first on Coinpedia Fintech News
Solana (SOL) network, a top-tier layer-one (L1) blockchain competing with Ethereum (ETH) to democratize smart contracts, has been a hot topic in the past few months. On one side, the Solana network has been applauded for onboarding millions of investors to the Web3 industry through its meme coins and decentralized financial (DeFi) platforms
As the fifth largest digital asset, the Solana network has over $4.3 billion in Total Value Locked (TVL) and over $3 billion in stablecoins market cap.
On the other hand, the Solana ecosystem has been castigated for not setting a good example amid the ongoing crypto bullish outlook. In addition to network outages, the Solana network is faced with network congestion, thus resulting in a high rate of unprocessed transactions.
Notably, the Solana network has registered heightened on-chain activity due to its meme coins which have a total valuation of about $7.69. Billion. Some of the top Solana-based meme coins include dogwifhat (WIF), and Bonk (BONK), among many others.
Short-Term Solana Price Expectations
A descending triangle has been completed in $SOLI am only the messenger, not the messageRemember, a pattern failure (to do what it is supposed to do under classical rules) is more important than a pattern completion pic.twitter.com/ezershgA5A
— Peter Brandt (@PeterLBrandt) April 10, 2024
According to a Solana price analysis by veteran trader Peter Brandt, the altcoin has reached a local top and will likely get trapped in a multi-week correction. With Solana’s price slipping below a crucial support level of around $171 on Wednesday during the early New York session, Brandt cautioned traders to proceed carefully to avoid forced liquidation.
Despite lagging behind the ongoing Gold and Silver rally, Brandt remains extremely bullish on Bitcoin price and the altcoin industry.
However, the short-term Solana weakness could be invalidated if the altcoin closes above $183 in the coming days.
XRP Heading To $100-$500? Analyst Provides Speculated Timeframes
Following an extended period of stasis, the price of XRP has suddenly begun to rise, fueling several bullish predictions regarding the altcoin’s direction from several cryptocurrency analysts.
Bullish Timelines For XRP
The most current positive forecasts came from cryptocurrency expert and XRP enthusiast BarriC, who has established multiple timelines for the digital asset to rise to unprecedented heights in the long term. Taking to the X (formerly Twiter) platform, BarriC voiced his opinions, noting that as time goes on, crypto investors might have fewer chances to purchase cheap XRP. According to the analyst, inexpensive XRP today is defined as less than $0.80.
Furthermore, the expert underscored his prediction that XRP would trade between $1 and $3. BarriC specifically contended that by the time this bull market ends, a cheap XRP would be between the aforementioned price levels.
Moving on, BarriC has regarded the crypto asset as undervalued between the $10 and $15 threshold in the next 4 to 5 years, particularly around the subsequent Bitcoin halving event and bull cycle between 2028 and 2029.
If, toward the conclusion of the next bull run, XRP is cheap, trading between $10 and $15, then the analyst is expecting it to reach much higher prices at the peak of the bull cycle.
BarriC envisions a significant surge from the anticipated $10 to a triple-digit landmark. Following the succeeding halving and bull cycle, which is expected to occur by 2032 and 2033, the analyst expects the token to also be undervalued at $100 and $500.
Concluding his forecast, he affirms that market participants will always have access to affordable prices. However, it is up to those interested in the altcoin to decide how much funds they are willing to invest.
$1,000 Is Possible In The Long Run
It is worth noting that the analyst previously projected a $1,000 price mark for XRP. According to BarriC, XRP’s path over the coming several months and years promises to be exciting. He believes XRP’s price will rise as the cryptocurrency market expands and changes, and as a result, it will be poised for massive growth and more widespread adoption.
Given his expectations for greater mass adoption and growth of the coin in the upcoming months and years, he foresees a peak of $1,000 in the long term. Other prices set aside by the expert to watch out for include $1, $5, $10, $50, $100, and $500.
Whether in the short term or long term, BarriC is confident the token will change people’s lives.
XRP trading at $0.6009 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from iStock, chart from Tradingview.com
Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
Source: NewsBTC.com
The post XRP Heading To $100-$500? Analyst Provides Speculated Timeframes appeared first on Crypto Breaking News.