Crypto News Digest by U.Today By U.Today
Shytoshi Kusama Announces Plan for Global SHIB Adoption, Ripple Shares Epic 2024 Forecast After SEC Lawsuit, Arthur Hayes Sets BTC’s Next Target at $1 Million: Crypto News Digest by U.Today
U.Today – U.Today has summarized the top three news stories over the past weekend, take a look!
Shytoshi Kusama announces plan for global SHIB adoption, hold tight
On Saturday, Dec. 16, lead Shytoshi Kusama took to X platform to share with the immense community of SHIB enthusiasts. He praised the transaction milestones recently reached by Shibarium and touched upon the topic of “billions of SHIB prepare for roasting,” teasing the announcement that will take place this week. However, Kusama underscored, in order for these massive burns to make an impact on the SHIB price, Shiba Inu should reach global adoption. The lead then elaborated on his plan on how to make it possible. First, leaders of decentralized SHIB projects, Shiba Inu early adopters and those who are tired of the status quo “must usher in a new era of crypto, blockchain, and “Web3.” Second, the next “partnershib” and the purpose for which it is made will allow the SHIB team and community to get to the finish line of “this ground-breaking experiment known as Shiba Inu.”
: Epic 2024 forecast after SEC lawsuit
In the outgoing year of 2023, Ripple emerged victorious in its long-lasting legal battle with the SEC. Among the fintech giant’s wins are admitting that the XRP token is not a security in its entirety and dismissing all remaining charges on its top executives, Brad Garlinghouse and Chris Larsen. In Light of this, the company’s CLO Stuart Alderoty shared on policy and crypto regulation for the upcoming year. Alderoty predicts that in 2024, the last bit of the SEC’s lawsuit against Ripple will finally come to an end, but the SEC’s campaign of regulation by enforcement will continue against other industry leaders. His second prediction says that judges will continue to be the last line of defense against the SEC’s overreach, and the SEC will continue to lose major issues in the courts. The last prediction by Alderoty was that Congress will agree in principle on crypto regulation but will disagree on the best course of action, leaving U.S. crypto firms stuck.
(BTC) price to $1 million is Arthur Hayes’ next target
BitMEX cofounder and analyst Arthur Hayes a new, audacious price target for Bitcoin: $1 million. Hayes is well known for his optimistic predictions, which he frequently sticks to even in the face of market declines or general skepticism. His conviction is based on his perception of the inherent value that Bitcoin offers and its potential to completely transform the financial system. This $1 million goal is about more than just making money; it is also about Bitcoin’s potential to form the foundation of a new financial order. However, it is crucial to use caution when approaching such price targets. In order for Bitcoin to reach $1 million, it would need to undergo a substantial restructuring of the present financial system, in addition to becoming widely accepted and acknowledged as a store of value.