Crypto Headlines of The Week: Bitcoin, Shiba Inu, & AI Fans Speculations – CoinGape
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.
Heres a wrap-up of some of the top advancements this week that fueled speculations among crypto market enthusiasts;
The worlds first cryptocurrency appears to have marked a dynamic week as Luke Dashjr, 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 airdropof BTC, ETH, and Shiba Inu coins to users. Airdropping the aforestated tokens to users comes forth as an effort to enrich Binances user engagement. However, it also sheds light on Bitcoins pivotal role in shaping the broader crypto market dynamics.
In addition, what comes as a surprise is the U.S. Space Forces 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 JP Morgan appears to be setting its sights on the potential launch of a Bitcoin ETF. This marks a pivotal milestone within Bitcoins horizon as it also adds a layer of credibility to the token.
Lastly, the SEC 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: Cardano (ADA) Price Hits 18-Month High, Potential Price Targets Ahead
Concerning the Shiba Inu ecosystem, recent advancements shed light on significant whale movements and investor activity.
Market data showcased the accumulation 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 ditched a zero. The aforestated anomaly, accompanied by the constant burning of SHIB amid an increase in whale activity, further augments SHIBs bullish momentum.
Moreover, in terms of market rankings, SHIB overtook LTC and DAI, 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 smart money token inflow list. This chronicle showcases Shiba Inus potential revival within the broader crypto market.
In a tempest of strides, the European Union (EU) appears to be marking a significant milestone in casting comprehensive AI rules. With the recent crackdown on AI-related rules within Europe, the EU primarily aims to regulate platforms like ChatGPT.
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 EUs dedication to navigating discussions that balance promoting AI-related technologies. Besides, it also preserves privacy, reflecting global efforts for responsible and ethical artificial intelligenceuse.
Also read: Crypto Prices Today: BTC, Pepe Coin Plummet As FLR Notes Strong Gains
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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Crypto Headlines of The Week: Bitcoin, Shiba Inu, & AI Fans Speculations - CoinGape
- These Five Wall Street Titans Thought Bitcoin Was a Fad. Heres What They Say Now. - The Wall Street Journal - December 16th, 2024 [December 16th, 2024]
- Where Will Bitcoin Be in 1 Year? - The Motley Fool - December 16th, 2024 [December 16th, 2024]
- Bitcoin-to-Gold Ratio Hits Historic Peak as Year-End Rally Soars - Decrypt - December 16th, 2024 [December 16th, 2024]
- The Ultimate Guide to Investing in Bitcoin for Maximum Returns - Yahoo Finance - December 16th, 2024 [December 16th, 2024]
- Watch These MicroStrategy Levels as Bitcoin Hits Record, Stock Added to Nasdaq 100 - Investopedia - December 16th, 2024 [December 16th, 2024]
- From Qubits To Cryptos: What Quantum Means For AI And Bitcoin - Forbes - December 16th, 2024 [December 16th, 2024]
- Bitfinex projects Bitcoin peaking at $290k in early 2026 if historical patterns repeat - CryptoSlate - December 16th, 2024 [December 16th, 2024]
- Bitcoin Rises to Record After Longest Weekly Winning Run Since 2021 - Bloomberg - December 16th, 2024 [December 16th, 2024]
- Bitcoin hits a record above $107,000 as fresh bullishness propels the crypto higher - Markets Insider - December 16th, 2024 [December 16th, 2024]
- Bitcoin price today: steadies after hitting $106.5k record high - Investing.com - December 16th, 2024 [December 16th, 2024]
- Microsoft Just Made a Momentous Decision About Bitcoin That Could Dramatically Affect Your Ability to Become a Crypto Millionaire - The Motley Fool - December 16th, 2024 [December 16th, 2024]
- BlackRock recommends bitcoin portfolio weighting of up to 2% for interested investors - Reuters - December 16th, 2024 [December 16th, 2024]
- A Shocking Bitcoin Forecast for 2025 From the Wall Street Analyst Who Predicted Its Rise to $100,000 in 2024 - The Motley Fool - December 16th, 2024 [December 16th, 2024]
- Here's Why This Bitcoin Rally Is Different - The Motley Fool - December 16th, 2024 [December 16th, 2024]
- From $45,000 to $500,000, here's the bull and bear case for bitcoin in 2025 - Markets Insider - December 16th, 2024 [December 16th, 2024]
- Investors Withdraw Nearly $4,000,000,000 Worth of Bitcoin From Crypto Exchanges Over Past Week, Says Analyst - The Daily Hodl - December 16th, 2024 [December 16th, 2024]
- A Shocking Bitcoin Forecast for 2025 From the Wall Street Analyst Who Predicted Its Rise to $100,000 in 2024 - Yahoo Finance - December 16th, 2024 [December 16th, 2024]
- Bitcoin Reaches New All-Time High As Crypto Traders Prepare for a Second Trump Term - Cheddar - December 16th, 2024 [December 16th, 2024]
- Financial Health: What is Bitcoin? - WENY-TV - December 16th, 2024 [December 16th, 2024]
- Investors are bullish on a national bitcoin reserve under Trump, but there's a crypto bonanza brewing at the state level, too - Markets Insider - December 16th, 2024 [December 16th, 2024]
- Bitcoin is up by 138% this year. It is a nonsense-free rally - The Economist - December 16th, 2024 [December 16th, 2024]
- Bitcoin Mining Economics Continued to Improve in December, JPMorgan Says - CoinDesk - December 16th, 2024 [December 16th, 2024]
- NFL star Odell Beckham Jr., who took his $750,000 salary in bitcoin back in 2021, pokes fun at naysayers - Yahoo Finance - December 16th, 2024 [December 16th, 2024]
- $11.5 Trillion BlackRock Recommends As Much As 2% In Bitcoin Comparing It To The Mag 7 - Forbes - December 16th, 2024 [December 16th, 2024]
- Bitcoin price all-time highs driven by spot volumes Analyst says $115K is next - Cointelegraph - December 16th, 2024 [December 16th, 2024]
- Colorado Securities Commissioner Warns of Massive Increase in Scams Leveraging Bitcoin ATMs - Yellow Scene Magazine - December 16th, 2024 [December 16th, 2024]
- Bitcoin Jumps to Record Price as Ethereum Hits 3-Year High - Decrypt - December 16th, 2024 [December 16th, 2024]
- Bitcoin price hits new all-time high after Trump confirms BTC federal reserve plan - The Independent - December 16th, 2024 [December 16th, 2024]
- Perianne Boring Predicts Trumps 2025 Economic Policies Will Drive Bitcoin Price to $800K - Bitcoin Magazine - December 16th, 2024 [December 16th, 2024]
- Riot Platforms Stock Rises After It Buys $500 Million in Bitcoin - Barron's - December 16th, 2024 [December 16th, 2024]
- Can Realized Cap HODL Waves Identify The Next Bitcoin Price Peak? - Bitcoin Magazine - December 14th, 2024 [December 14th, 2024]
- Amazon and Bitcoin, crypto tips, and beyond the Magnificent 7: Markets news roundup - Quartz - December 14th, 2024 [December 14th, 2024]
- Bitcoin Price Hits Record High: What It Means for Your Portfolio Strategy - Investopedia - December 14th, 2024 [December 14th, 2024]
- Teaching Kids About Bitcoin Can Ensure Its Legacy Goes On - hackernoon.com - December 14th, 2024 [December 14th, 2024]
- TANSTAAFSBR, or, There Aint No Such Thing as a Free Strategic Bitcoin Reserve - Cato Institute - December 14th, 2024 [December 14th, 2024]
- What Happened in Crypto Today: Guess Who Wants Bitcoin Now - Yahoo Finance - December 14th, 2024 [December 14th, 2024]
- Bitcoin Hits $102K: Texas Makes History, BlackRock Bets Big, and Riot Faces a Shocking Ultimatum - Yahoo Finance - December 14th, 2024 [December 14th, 2024]
- Shrimp Bitcoin wallet numbers may spike 9% in the 'near future' Analyst - Cointelegraph - December 14th, 2024 [December 14th, 2024]
- Early Bitcoin Investor Sentenced to Prison for Tax Evasion on $3.7 Million BTC Sale - Bitcoin Magazine - December 14th, 2024 [December 14th, 2024]
- Bother with bitcoin? If you haven't bought crypto, it may be too late - USA TODAY - December 14th, 2024 [December 14th, 2024]
- Gold or bitcoin? Heres the case for adding both to your portfolio in 2025. - MarketWatch - December 14th, 2024 [December 14th, 2024]
- Trump's $1 billion promise, RFK Jr. on Ozempic, and Microsoft rejects Bitcoin: Business news roundup - Yahoo Finance - December 14th, 2024 [December 14th, 2024]
- Bitcoin price today: flat above $100k as rate jitters mount before the Fed - Investing.com - December 14th, 2024 [December 14th, 2024]
- A Beginner's Guide to Bitcoin Address Evolution Learning - Insights Bitcoin News - Bitcoin.com News - December 14th, 2024 [December 14th, 2024]
- Here's How Much $100 In Bitcoin Could Be Worth In 2030 If Cathie Wood's Price Target Is Reached - Yahoo Finance - December 14th, 2024 [December 14th, 2024]
- Bitcoin Mining Giant Riot Platforms Adds More Than $510,000,000 Worth of BTC to Corporate Treasury - The Daily Hodl - December 14th, 2024 [December 14th, 2024]
- What a small group of America's centimillionaires believe about bitcoin and its political future - Business Insider - December 14th, 2024 [December 14th, 2024]
- Why Its Not Too Late to Invest in Bitcoin - Bitcoin Magazine - December 14th, 2024 [December 14th, 2024]
- Why bitcoin surged to $100K US after Trump's election and where it goes now - CBC News - December 14th, 2024 [December 14th, 2024]
- The smartest Bitcoin ETF to buy with $2,000 right now - USA TODAY - December 14th, 2024 [December 14th, 2024]
- Early-Era US Bitcoin Investor Sentenced to Two Years in Prison for Underreporting Gains From BTC Sales - The Daily Hodl - December 14th, 2024 [December 14th, 2024]
- Bitcoin Price Rises. MicroStrategy Buys $2.1 Billion of the Crypto. - Barron's - December 14th, 2024 [December 14th, 2024]
- Texas bill would allow Bitcoin to be used for taxes, donations - NewsNation Now - December 14th, 2024 [December 14th, 2024]
- Dont use crypto to cheat on taxes: Bitcoin bro gets 2 years - Ars Technica - December 14th, 2024 [December 14th, 2024]
- The Bitcoin Hype Train Has Arrived On Cue (Cryptocurrency:BTC-USD) - Seeking Alpha - December 14th, 2024 [December 14th, 2024]
- Cryptocurrency Market Soars: Bitcoin Hits $100,000 While Ethereum, Solana and XRP Record Gains - Yahoo Finance - December 14th, 2024 [December 14th, 2024]
- BlackRock Recommends Bitcoin Allocation: Heres How Much Should Be in Your Portfolio - Brave New Coin Insights - December 14th, 2024 [December 14th, 2024]
- Bitcoin To $180,000, Ethereum Over $6,000, Solana To $500: VanEck's 2025 Crypto Predictions - Benzinga - December 14th, 2024 [December 14th, 2024]
- More stocks that are adopting MicroStrategys bitcoin yield strategy - CNBC - December 14th, 2024 [December 14th, 2024]
- Bitcoin May Hit $850,000, Former Thai Prime Minister Says By U.Today - Investing.com - December 14th, 2024 [December 14th, 2024]
- The Golden Ratio Multiplier Mathematically Reveals Next Bitcoin Price Target - Bitcoin Magazine - December 10th, 2024 [December 10th, 2024]
- Bitcoin is crashing, but options markets are calling for $111K BTC price by February - Cointelegraph - December 10th, 2024 [December 10th, 2024]
- Microsoft shareholders reject proposal to add Bitcoin to balance sheet - Crypto Briefing - December 10th, 2024 [December 10th, 2024]
- What to Expect from Bitcoin in 2025 - Morningstar - December 10th, 2024 [December 10th, 2024]
- Microsoft shareholders to vote on Bitcoin investment proposal in an hour, what we should expect? - Crypto Briefing - December 10th, 2024 [December 10th, 2024]
- Eric Trump Confident Bitcoin Price Will Hit $1 Million - Bitcoin Magazine - December 10th, 2024 [December 10th, 2024]
- Googles Willow quantum chip brings Bitcoin security debate 10 years closer - CryptoSlate - December 10th, 2024 [December 10th, 2024]
- What to know about investing in bitcoin after its price hit $100,000 - NBC News - December 10th, 2024 [December 10th, 2024]
- Bitcoin continues pullback from all-time highs, trading near $96,000: CNBC Crypto World - CNBC - December 10th, 2024 [December 10th, 2024]
- MicroStrategy Buys Another $2.1 Billion Worth of Bitcoin - Investopedia - December 10th, 2024 [December 10th, 2024]
- Bitcoin poised for golden age in 2025 with $200k milestone projection Bitwise - CryptoSlate - December 10th, 2024 [December 10th, 2024]
- Charts show bitcoin, ether could stall for another couple of weeks before resuming their uptrend - CNBC - December 10th, 2024 [December 10th, 2024]
- The Wall Street Analyst Who Suggested Bitcoin Could Reach $100,000 a Decade Ago Now Says There Is a Small Chance It Replaces the U.S. Dollar Entirely... - December 10th, 2024 [December 10th, 2024]
- Bitcoin clears another record: Is now the time to invest? - Yahoo Finance - December 10th, 2024 [December 10th, 2024]
- Trump family and allies to bask in crypto industry's euphoria at Gulf bitcoin gathering - Reuters - December 10th, 2024 [December 10th, 2024]
- Marathon Digital boosts Bitcoin reserves by over 50% this quarter, nears $4 billion in holdings - CryptoSlate - December 10th, 2024 [December 10th, 2024]
- Bitcoin tumbles will be less abrupt after realized profit drops 76% - Cointelegraph - December 10th, 2024 [December 10th, 2024]
- Microsoft will make the decision on Tuesday to add Bitcoin to its reserve - Bit2Me Crypto News - December 10th, 2024 [December 10th, 2024]
- Crypto crash wipes out $1.7 billion in leveraged positions, Bitcoin plunges toward $94,000 - Crypto Briefing - December 10th, 2024 [December 10th, 2024]
- Bitcoin holds steady near $100,000 as selling pressure is absorbed - CryptoSlate - December 10th, 2024 [December 10th, 2024]