Shiba

Pepe Coin

Shiba Inu

This week, the cryptocurrency universe encountered a whirlwind of breakthroughs as the top trending cryptos Bitcoin and Shiba Inu, among many others, orchestrated a sense of frenzy within markets. Besides, in the realm of AI, a prominent powerhouse forged ahead with securing a groundbreaking accord for governing the use of AI.
Here’s a wrap-up of some of the top advancements this week that fueled speculations among crypto market enthusiasts;
<h2 id="bitcoin-moves-ahead">Bitcoin Moves Ahead</h2>
The world’s first cryptocurrency appears to have marked a dynamic week as <a href="https://coingape.com/bitcoin-ordinals-brc-20-will-cease-exist-says-bitcoin-core-dev-luke-dashjr" target="_blank" rel="noopener noreferrer nofollow">Luke Dashjr</a>, a core developer, recently hinted toward protocol changes with the potential cessation of BRC-20 Ordinals. Simultaneously, Binance, a leading cryptocurrency exchange, announced a strategic <a href="https://coingape.com/binance-to-airdrop-btc-eth-shib-to-users" target="_blank" rel="noopener noreferrer nofollow">airdrop</a>&nbsp;of BTC, ETH, and Shiba Inu coins to users. Airdropping the aforestated tokens to users comes forth as an effort to enrich Binance’s user engagement. However, it also sheds light on Bitcoin’s pivotal role in shaping the broader crypto market dynamics.
In addition, what comes as a surprise is the <a href="https://coingape.com/us-space-force-urges-bitcoin-adoption-us-dod-cathie-wood-deaton" target="_blank" rel="noopener noreferrer nofollow">U.S. Space Force’s</a> governmental touch on Bitcoin. The US Space Force recently ushered in the promotion of Bitcoin adoption. This move was further advocated by the U.S. Department of Defense, investor Cathie Wood, and Deaton.
Furthermore, in a gust of developments, the financial giant <a href="https://coingape.com/jpmorgan-launch-bitcoin-etf-says-etf-expert-nate-geraci" target="_blank" rel="noopener noreferrer nofollow">JP Morgan</a> appears to be setting its sights on the potential launch of a Bitcoin ETF. This marks a pivotal milestone within Bitcoin’s horizon as it also adds a layer of credibility to the token.
Lastly, <a href="https://coingape.com/bitcoin-spot-etf-approval-in-sight-as-sec-advances-talks-with-asset-managers" target="_blank" rel="noopener noreferrer nofollow">the SEC</a> forges ahead with discussions revolving around approving a Bitcoin Spot ETF. The advancements concerning the matter suggest a potential breakthrough in regulatory processes, aiding in Bitcoin Spot ETF approval.
Also read: <a href="https://coingape.com/cardano-ada-price-hits-18-month-high-potential-price-targets-ahead/" target="_blank" rel="noopener noreferrer nofollow">Cardano (ADA) Price Hits 18-Month High, Potential Price Targets Ahead</a>
<h2 id="shiba-inu-resurrects">Shiba Inu Resurrects</h2>
Concerning the Shiba Inu ecosystem, recent advancements shed light on significant whale movements and investor activity.
Market data showcased the <a href="https://coingape.com/whale-bags-600-billion-shiba-inu-from-binance-shib-bone-prices-pump-10" target="_blank" rel="noopener noreferrer nofollow">accumulation</a> of a staggering 600 billion SHIB from Binance, triggering a significant 10% upswing in SHIB and BONE prices as reported. Furthermore, the Shiba Inu burn rate recorded a remarkable surge, coinciding with a peculiar phenomenon wherein the Shiba Inu price also <a href="https://coingape.com/shiba-inu-burn-rate-soars-110-as-one-zero-vanishes-from-shib-price" target="_blank" rel="noopener noreferrer nofollow">ditched a zero</a>. The aforestated anomaly, accompanied by the <a href="https://coingape.com/shiba-inu-burn-rate-soars-83000-as-whale-shifts-4-tln-shib" target="_blank" rel="noopener noreferrer nofollow">constant burning of SHIB</a> amid an increase in whale activity, further augments SHIB’s bullish momentum.
Moreover, in terms of market rankings, SHIB <a href="https://coingape.com/shiba-inu-price-soars-as-shib-surpasses-ltc-and-dai" target="_blank" rel="noopener noreferrer nofollow">overtook LTC and DAI</a>, marking a noteworthy milestone for the token. Last but not least, the SHIB token emerged among popular tokens, such as LINK and 1INCH, at the forefront of the <a href="https://coingape.com/link-shib-1inch-tops-smart-money-token-inflow-list" target="_blank" rel="noopener noreferrer nofollow">smart money token inflow list.</a> This chronicle showcases Shiba Inu’s potential revival within the broader crypto market.
<h2 id="eu-propels-with-revolutionary-ai-rules">EU Propels With Revolutionary AI Rules</h2>
In a tempest of strides, the European Union (EU) appears to be marking a significant milestone in casting <a href="https://coingape.com/eu-pursues-comprehensive-ai-rules-to-regulate-platforms-like-chatgpt" target="_blank" rel="noopener noreferrer nofollow">comprehensive AI rules</a>. With the recent crackdown on AI-related rules within Europe, the EU primarily aims to regulate platforms like <a href="https://coingape.com/eu-breaks-new-ground-in-ai-rules-will-it-impact-openais-chatgpt" target="_blank" rel="noopener noreferrer nofollow">ChatGPT</a>.
Furthermore, as the EU advances further, its impact on AI systems like OpenAI, among others, appears to have stirred up quite the speculation within the AI realm.
The latest AI agreement underscores the EU’s dedication to navigating discussions that balance promoting AI-related technologies. Besides, it also preserves privacy, reflecting global efforts for responsible and ethical <a href="https://coingape.com/glossary/artificial-intelligence/" target="_blank" rel="noopener noreferrer nofollow">artificial intelligence</a>&nbsp;use.
Also read: <a href="https://coingape.com/crypto-prices-today-btc-pepe-coin-plummet-as-flr-notes-strong-gains/" target="_blank" rel="noopener noreferrer nofollow">Crypto Prices Today: BTC, Pepe Coin Plummet As FLR Notes Strong Gains</a>
The post <a rel="noopener noreferrer nofollow" href="https://coingape.com/crypto-headlines-of-the-week-bitcoin-shiba-inu-ai-fans-speculations/">Crypto Headlines of The Week: Bitcoin, Shiba Inu, &amp; AI Fans Speculations</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coingape.com">CoinGape</a>.

Crypto Headlines of The Week: Bitcoin, Shiba Inu, & AI Fans Speculations

Table of Contents

Coingape News Media

Other articles published on Dec 10, 2023

Nagoya University Reveals Ancient Toolmakers’ Rock Selection Wisdom

Ethereum Layer-2 Network Blast Surpasses $800M TVL Milestone

Pioneering Advances of AI in Hematology – Key Takeaways from the 65th ASH Annual Meeting

Popular Analyst il Capo Shares His Views on BNB and Polygon (MATIC) After Recent Rally

Websites on Bitcoin Are Possible Now With Ordinals

Palau Celebrates Success of Phase 1 for National Stablecoin, Eyes Wider Adoption

Join our free newsletter for daily crypto updates!