Bitcoin

Terra Classic

TerraClassicUSD

As the week wraps up, Bitcoin, Shiba Inu, and Terra have been at the center of exciting developments in the world of cryptocurrency.<h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" />As this week comes to an end, big things happened in the world of cryptocurrency. Bitcoin, <a href="https://cryptosheadlines.com/shiba-inu-faces-decline-in-burn-activity/" rel="noopener noreferrer nofollow">Shiba Inu</a>, and Terra grabbed a lot of attention from people who are into crypto all around the world.<h3 id="bitcoin-s-surge-and-market-impact">Bitcoin’s Surge and Market Impact</h3>Bitcoin, the pioneering <a href="https://cryptosheadlines.com/sec-chairman-gary-gensler-asserts-we-dont-require-additional-digital-currencies/" rel="noopener noreferrer nofollow">digital currency</a>, recently surpassed the $51,000 mark, sparking excitement throughout the broader cryptocurrency market. This surge can be attributed to various factors, <a href="https://cryptosheadlines.com/sec-postpones-numerous-applications-for-spot-bitcoin-etfs-including-blackrocks/" rel="noopener noreferrer nofollow">including the introduction of spot Bitcoin ETFs</a> and prevailing sentiment leading up to the halving event.<a href="https://cryptosheadlines.com/desantis-bitcoin-poses-threat-to-current-regime/" rel="noopener noreferrer nofollow">Bitcoin posed</a> a challenge to gold’s dominance this week, with ETF inflows soaring to $4.1 billion. Renowned financial figures like <a href="https://cryptosheadlines.com/rich-dad-robert-kiyosaki-bitcoins-next-stop-135000/" rel="noopener noreferrer nofollow">Robert Kiyosaki hinted at a potential showdown between Bitcoin</a> and gold, highlighting the shifting dynamics in the investment landscape.Tony Edward cautioned about a possible correction in Bitcoin’s price, forecasting a dip to $33,000. However, he also pointed out opportunities for alternative cryptocurrencies amidst the market’s volatility. Meanwhile, another prominent <a href="https://cryptosheadlines.com/analyst-predicts-bitcoin-to-reach-50000/" rel="noopener noreferrer nofollow">analyst’s prediction of Bitcoin reaching</a> $1 million sparked significant interest among crypto enthusiasts.In the realm of digital asset investment products, Bitcoin continued to reign supreme, accounting for nearly 98% of inflows last week. This underscores its ongoing dominance and significance within the cryptocurrency investment sphere.Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" /><h3 id="shiba-inu-s-latest-developments">Shiba Inu’s Latest Developments</h3>Introduction of FETCH Bridge: Shiba Inu, amidst a flurry of activity, introduced the FETCH bridge, a multichain bridge connecting Shibarium, Ethereum, and Arbitrum. This innovative bridge aims to drastically reduce bridging time from 7 days to a mere 15 seconds, capturing considerable attention within the crypto community.<a href="https://cryptosheadlines.com/best-5-altcoins-to-turn-100-into-1000-in-2024/" rel="noopener noreferrer nofollow">Also Read: Best 5 Altcoins to Turn $100 into $1000 in 2024</a>Launch of SHEboshi and Shiboshi Utility: Shytoshi Kusama unveiled SHEboshi, an ERC-404 token designed to enhance Shiboshi on Shibarium. Additionally, Lucie, a key member of <a href="https://cryptosheadlines.com/meme-coin-market-loses-3-2-billion-in-2023-dogecoin-and-shiba-inu-decline/" rel="noopener noreferrer nofollow">Shiba Inu’s marketing</a> team, announced the launch of the Shiboshi utility, facilitating seamless transactions and SHIB burn on Shibarium, the project’s Layer 2 solution.Optimism Propelled by Shib Magazine: The introduction of the Shib magazine this week further fueled optimism surrounding Shiba Inu’s ecosystem, providing insights and updates to the community.Partnership with K9 Finance and KNINE Launch: Further expanding its ecosystem, Shiba Inu announced a partnership with K9 Finance, resulting in the launch of KNINE, a liquid staking derivative token on Shibarium. This partnership strengthens Shiba Inu’s position and offers additional utility to its users.<h3 id="developments-in-kyc-proposals-and-terra-classic">Developments in KYC Proposals and Terra Classic</h3>This week, the follow-up proposals for KYC proposal 12033 went up for voting on the Station wallet. Proposals 12058 and 12059 were <a href="https://cryptosheadlines.com/platinum-group-f1-ticket-provider-introduces-nft-tickets-for-worldwide-racing-event/" rel="noopener noreferrer nofollow">introduced to establish additional requirements for KYC providers</a> and contributors to the chain, indicating a commitment to enhancing security and compliance measures.CetriK is on the verge of being acknowledged as the <a href="https://cryptosheadlines.com/terra-classic-approves-kyc-mandate-for-l1-developers/" rel="noopener noreferrer nofollow">KYC provider for all L1 development on Terra Classic</a>, with 75% of the votes in favor. This decision underscores the community’s trust in CetriK’s capabilities and expertise in identity verification processes.A former developer from the Joint L1 Task Force (L1TF) initiated the <a href="https://cryptosheadlines.com/luna-classic-suggests-burning-ustc-reversal-ahead/" rel="noopener noreferrer nofollow">burning of 800 million USTC</a> to reduce the circulating supply of the stablecoin. This action aims to enhance stability and value proposition. Additionally, the task force successfully forked the Osmosis test-tube to integrate it with <a href="https://cryptosheadlines.com/creator-of-terra-classic-reveals-new-chain-of-smart-apps-powered-by-ai/" rel="noopener noreferrer nofollow">Terra Classic</a>, expanding interoperability and functionality.<a href="https://cryptosheadlines.com/shiba-inu-surges-340-on-chain-as-shib-price-nears-removal-of-zero/" rel="noopener noreferrer nofollow">Also Read: Shiba Inu Surges 340% On-Chain as SHIB Price Nears Removal of Zero</a>The <a href="https://cryptosheadlines.com/terra-classic-community-nominates-binance-ceo-to-lead-lunc-revival/" rel="noopener noreferrer nofollow">Terra Classic community</a> put forward a proposal to establish deep liquidity for stablecoins and Cosmos (ATOM) tokens. This initiative aims to bolster the liquidity pool, fostering a more robust and vibrant ecosystem for Terra Classic users.Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

This Week’s Crypto Highlights: Bitcoin- Shiba Inu- Terra Spark Insights

Table of Contents

CryptosHeadlines.com

Other articles published on Feb 18, 2024

DOGE, SHIB, and PEPE holders flock to Pushd presale

Helldivers 2 Surpasses Starfield in Concurrent Players on Steam

Market Insights: Bitcoin’s Price Movements and Expert Predictions

DeeStream draws Solana and Ethereum investment after market surge

ENS Partners with GoDaddy for Free Web3 Pairing; $GFOX Sees Listings on Major Coin Indexes

BIG AIRDROP: PIXEL Tokens Airdrop To RON Stakers

Join our free newsletter for daily crypto updates!