BTC's Pre-Halving Rally: $39K to $50K Predictions!
READING TIME: 4 mins 46 secs
🚀 Ethereum Whales' Unprecedented Accumulation Fuels Bullish Hopes
Shiba Inu's Shibarium introduces a groundbreaking "Donate" feature, allowing users to financially support the network's crucial validators, reinforcing security and efficiency.
Shytoshi Kusama, Shiba Inu's leader, sparks speculation with a cryptic response to decentralization and AI discussions, emphasizing the project's commitment to both. Kusama's comment, "Captain Obvious," triggers community curiosity about Shiba Inu's ambitious plans in the AI and decentralization domains. The Shibarium network, currently operating with 12 validators, implements the "Donate" feature to enhance collaboration and security, with top validators staking significant amounts of BONE tokens. The initiative represents a paradigm shift, fostering community engagement and reinforcing Shibarium's position in the cryptocurrency landscape.
Kronos Research, a major player in crypto trading, faces a substantial challenge as it ceases operations due to a $26 million security breach.
The breach, resulting from unauthorized access to the company's API keys, led to the withdrawal of $26 million in crypto assets. Despite the financial setback, Kronos is committed to an internal resolution to cover the losses and maintain resilience. The incident also impacted WOO X, a cryptocurrency exchange, prompting a temporary trading pause to safeguard user positions. This event is part of a larger trend, with November 2023 witnessing the third-largest crypto theft, totaling $173 million, including the notable $113 million hack of Poloniex.
Argentina's presidential election results in the victory of Bitcoin advocate Javier Milei, signaling a potential shift in economic policies as the country grapples with an inflation crisis.
Milei criticizes the central bank, calling it a "scam," and expresses support for Bitcoin without specifying plans to make it legal tender. On the other hand, defeated opponent Sergio Massa plans to launch a central bank digital currency to address economic troubles. Meanwhile, positive factors, including political support for Bitcoin, contribute to bullish sentiment in the cryptocurrency community, with analysts predicting BTC's price could reach $39,000 to $50,000 in a pre-halving rally. Bitcoin network fees surged nearly 1,400% in November, driven by increased ordinal transactions.
Microsoft's CEO, Satya Nadella, announces the hiring of Sam Altman and Greg Brockman, former CEO and president of OpenAI, respectively, to lead a new advanced AI research team at Microsoft.
Altman and Brockman's departure from OpenAI came after Altman was allegedly not consistently candid in communications with the board, leading to his removal. Microsoft expresses continued commitment to its partnership with OpenAI and welcomes the new OpenAI CEO, Emmett Shear. Altman, in response to the announcement, tweets, "The mission continues." Meanwhile, Mira Murati was named interim CEO at OpenAI after Altman's departure.
Meme of the week
How did you like today's newsletter?