Shytoshi Kusama, the lead of SHIB, shared exciting news with the community on X platform. He highlighted the recent transaction milestones of Shibarium and hinted at “billions of SHIB prepare for roasting.” Kusama emphasized the need for global SHIB adoption to make a significant impact on its price. He outlined his plan for achieving this goal, focusing on decentralized SHIB projects and early adopters ushering in a new era of crypto and blockchain.
Ripple emerged victorious in its legal battle with the SEC, with significant wins including the dismissal of all charges against its top executives and the acknowledgment that XRP is not a security. Ripple’s CLO Stuart Alderoty shared predictions for 2024, foreseeing the end of the SEC’s lawsuit and continued regulation by enforcement. He also highlighted the role of judges as the last line of defense against the SEC’s overreach and the potential disagreements in Congress over crypto regulation.
BitMEX cofounder Arthur Hayes has set an audacious price target for Bitcoin: $1 million. Hayes believes in the inherent value of Bitcoin and its potential to transform the financial system. However, he also emphasized the need for caution when approaching such high price targets, as it would require substantial restructuring of the current financial system and widespread acceptance of Bitcoin as a store of value.
