Shiba Inu’s much-awaited Layer 2 solution Shibarium hit a brick wall after its launch on August 16. The lead developer of Shiba Inu added in a recent blog post his ideas on reviving Shibarium. SHIB price continues to reel from losses after the sudden sell-off on August 17. Shiba Inu enthusiasts and supporters were disappointed
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Bitcoin price slid 15% between August 16 and 17, breaking its 55-day consolidation. This sudden downswing caused billions in liquidations, but volatility continues to tread near all-time lows. Investors wonder if BTC will experience more southbound moves as it hovers around the $26,000 level. Bitcoin price has left holders dumbstruck after a 55-day consolidation streak
Shiba Inu price is in recovery mode, pushing north after a 36% slump from the August 12 peak of $0.00001136. At the current price, only 175,770 addresses are in profit, making up 13.77% of the community. Regarding volume, only 4.31% of tokens are in the profit zone, against the 88.55% who would look to sell
Bitcoin price wants back above the crucial support above $26,300, but waning momentum characteristic of the weekend won’t let it. Ethereum price can do nothing but follow BTC cues, with the $1,714 presenting as a hard nut to crack Ripple price passes time around $0.5048; a drop to $0.4181 may be imminent amid gloomy macroeconomics
Hackers have hit Exactly, the DeFi lender for the Optimism network, making away with more than 4,000 ETH. Venus Protocol has been compelled to liquidate up to $62.5 million in a wallet linked to the BNB Chain bridge hack last year. Up to $1.7 million in ETH was recently stuck on the Shibarium cross-chain bridge
China’s economic indicators signal distress, with weak retail sales, plunging imports/exports, and Evergrande’s bankruptcy filing. US Federal Reserve minutes highlight commitment to 2% inflation target but voices caution against overtightening. Traders eye upcoming S&P Global PMIs in Australia and a slew of US data, including Powell’s Jackson Hole speech, for directional cues. AUD/USD registers minuscule
EUR/JPY dropped near 158.00, still trading in cycle highs. After two consecutive weeks of gains, the cross will close a weekly decline of 0.30%. The Japanese National CPI from July came in higher than expected. On Friday, the JPY traded strongly against most of its rivals, making the EUR/JPY cross retreat to the 158.00 area.