Shiba

Terra Classic

Bitcoin

Terra

Shiba Inu

<p>As another week draws to a close, the cryptocurrency realm witnessed monumental developments in the past seven days. Among these developments, Bitcoin, Shiba Inu, and Terra appear to have gained the most traction among crypto market enthusiasts across the globe.</p>
<p>Some of the top headlines that curated a buzz this week are:</p>
<h2 id="bitcoin-surges-past-51k">Bitcoin Surges Past 51K</h2>
<p>Bitcoin, the world’s first digital currency, <a href="https://coingape.com/breaking-bitcoin-tops-51k-with-ethereum-surpassing-2-7k-heres-why/" target="_blank" rel="noopener noreferrer nofollow">surged past the $51K mark</a>, curating a wave of frenzy across the broader crypto market. This appears to come as a result of <a href="https://coingape.com/bitcoin-price-key-reason-btc-soars-past-50k/" target="_blank" rel="noopener noreferrer nofollow">numerous factors</a>, including the recent inception of spot Bitcoin ETFs and pre-halving sentiment, among many others.</p>
<p>Furthermore, Bitcoin threatened gold’s dominance this week, as ETF inflows surged to $4.1 billion, per CoinGape Media’s report. Renowned financial figures like Robert Kiyosaki hinted toward a looming tussle between <a href="https://coingape.com/bitcoin-etf-4-1-bln-inflow-sparks-concern-gold-price-dip-1-2k/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin and Gold</a>.</p>
<p>Meanwhile, <a href="https://coingape.com/expert-anticipates-bitcoin-correction-33k-but-there-positive-side/" target="_blank" rel="noopener noreferrer nofollow">Tony Edward</a> warned of a potential correction for Bitcoin, hitting $33,000, but signaled opportunities for altcoins amid this week’s market volatility. Intriguingly, another leading analyst anticipated <a href="https://coingape.com/bitcoin-price-to-hit-301k-before-halving-analyst-predicts/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin to $1 million</a>, piquing the interest of crypto market enthusiasts.</p>
<p>On the other hand, Bitcoin amounted to nearly <a href="https://coingape.com/breaking-bitcoin-leads-inflows-amid-bullish-outlook-on-eth-ada/" target="_blank" rel="noopener noreferrer nofollow">98% of digital asset investment product inflows</a> last week.</p>
<h2 id="shiba-inu-propels-optimism">Shiba Inu Propels Optimism</h2>
<p>Another buzzword this week, Shiba Inu, marked a tempest of strides, announcing a plethora of new features. <a href="https://coingape.com/sharbi-launches-fetch-bridge-between-shibarium-ethereum-and-arbitrum/" target="_blank" rel="noopener noreferrer nofollow">Sharbi</a>, the top overall coin launched by Shiba Inu, announced the FETCH bridge between Shibarium, Ethereum, and Arbitrum. The newly introduced multichain bridge aims to reduce the bridging time from 7 days to a mere 15 seconds, nabbing significant attention. At the same time, <a href="https://coingape.com/shiba-inu-coin-shytoshi-kusama-unveils-shiboshi-debut-whats-next/" target="_blank" rel="noopener noreferrer nofollow">Shytoshi Kusama</a> spotlighted the launch of SHEboshi, an ERC-404 token to jack up Shiboshi on Shibarium.</p>
<p>Lucie, Shiba Inu’s leading marketing member, announced the launch of the <a href="https://coingape.com/shiba-inu-community-unveils-key-upgrade-to-boost-shibarium-transactions-shib-burn/" target="_blank" rel="noopener noreferrer nofollow">Shiboshi utility</a>, facilitating seamless transactions along with SHIB burn on <a rel="noopener noreferrer nofollow" href="https://www.shibariumscan.io/" target="_blank">Shibarium</a>, Shiba Inu’s L2. The <a href="https://coingape.com/shiba-inu-unveils-the-shib-magazines-latest-edition-heres-everything/" target="_blank" rel="noopener noreferrer nofollow">Shib magazine</a> further propelled optimism this week. Additionally, the previously announced partnership with K9 Finance introduced the <a href="https://coingape.com/shiba-inu-community-unveils-knine-launch-shib-price-to-0-00001/" target="_blank" rel="noopener noreferrer nofollow">KNINE launch</a>, a liquid staking derivative token on Shibarium.</p>
<h2 id="terra-ignites-speculations">Terra Ignites Speculations</h2>
<p>The follow-up proposals for KYC proposal 12033 went up for voting this week on the station wallet. <a href="https://coingape.com/terra-classic-community-votes-on-two-major-kyc-proposals-lunc-to-0-0002/" target="_blank" rel="noopener noreferrer nofollow">Proposals 12058 and 12059</a> were staged to set additional requirements for KYC providers and contributors to the chain.</p>
<p>Following this, <a href="https://coingape.com/terra-luna-classic-lunc-community-selects-certik-for-secure-l1-developments/" target="_blank" rel="noopener noreferrer nofollow">CetriK</a> is poised to be recognized as the KYC provider for all L1 development on Terra Classic, receiving 75% in favor.</p>
<p>In the interim, a former Joint L1 Task Force (L1TF) developer commenced working on <a href="https://coingape.com/lunc-news-terra-classic-dev-starts-testnet-rehearsal-for-800-million-ustc-burn/" target="_blank" rel="noopener noreferrer nofollow">800 million USTC burn</a> to reduce the circulating supply of stablecoin by burning the balance in a contract. In addition, the task force successfully forked the <a href="https://coingape.com/terra-luna-classic-l1tf-forks-osmosis-test-tube-for-astroport-fixes-upcoming-upgrades/" target="_blank" rel="noopener noreferrer nofollow">Osmosis test-tube</a> to work with Terra Classic.</p>
<p>The Terra Classic community also proposed establishing deep <a href="https://coingape.com/terra-luna-classic-lunc-community-selects-certik-for-secure-l1-developments/" target="_blank" rel="noopener noreferrer nofollow">stablecoin and Cosmos (ATOM) token liquidity</a>.</p>
<p>The post <a href="https://coingape.com/crypto-headlines-of-the-week-bitcoin-shiba-inu-terra-fuels-inferences/" rel="noopener noreferrer nofollow">Crypto Headlines Of The Week: Bitcoin, Shiba Inu, &amp; Terra Fuels Inferences</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.</p>

Crypto Headlines Of The Week: Bitcoin, Shiba Inu, & Terra Fuels Inferences

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