Read about the latest crypto events with U.Today’s daily news digest!
Here are the top four news stories by U.Today from the past day.
Lead Shiba Inu (SHIB) developer urges community to get popcorn ready
Shytoshi Kusama, Shiba Inu’s lead developer, has once again made the SHIB community abuzz, with yet another post. As shared by @ShibSpain Twitter user, Kusama’s recent Telegram message says: “Keep popcorn on the ready.” The message has ignited speculation among the members of the SHIB community, with the majority suggesting that the post might hint at the approaching launch of Shibarium. As reported by U.Today earlier, this is not the only mysterious message by Kusama: on Sunday, Jan. 29, he updated his Twitter status, mentioning a “heart-shaped box.” This, some SHIB fans believe, could imply that Shibarium might be launched on Valentine’s Day, Feb. 14.
Shiba Inu: Pro Ripple lawyer comments on how long it might take to burn enormous SHIB supply
Yesterday, crypto YouTuber Jeff at OnTheChain.io took to Twitter to share his opinion on how long it might take to drastically reduce the SHIB supply to 100 billion tokens. According to his estimations, if the SHIB Army burned one million meme tokens per day, it would take 1,157,174 years to decrease the SHIB supply to the desired amount. A while later, the post received a comment from quite an unexpected Twitter user, Jeremy Hogan, an attorney and partner at Hogan & Hogan, known for his pro-Ripple views. Hogan wrote: “So, you’re saying it’s possible…” which seems to be a tongue-in-cheek response, implying that the YouTuber’s estimation was ridiculous.
Bitcoin (BTC) completes “extremely rare” chart pattern, Peter Brandt says
Veteran commodity trader Peter Brandt shared his latest Bitcoin price analysis. According to his tweet, the bottom in the price of BTC has formed a “double-walled fulcrum pattern,” a pattern first introduced by the trader himself. Brandt then added that such a pattern is “extremely rare” and that his 2x target for the king crypto is mid-$25,000. Traders and investors demonstrated significant interest in Brandt’s latest analysis of Bitcoin; however, there were also those who mocked the veteran trader’s chart pattern. “Awesome how he figured out the pattern now that we’re 4% away from his target,” a Twitter user wrote sarcastically.
Shiba Inu’s SHIB and BONE receive new killer feature in this app
According to a recent announcement by Atomic Wallet, holders of both SHIB and BONE tokens are now able to swap their tokens right within this noncustodial hot crypto wallet. Previously, BONE purchase transactions had to be made either on decentralized exchanges like ShibaSwap or on mid-tier centralized venues; now, it is possible directly at the token’s storage location. The innovation should benefit the adoption of BONE, considering Atomic Wallet’s user base of more than five million people. Yesterday, it was spotted that BONE’s trading volume has already increased by 15%.