Shiba Inu Holding a $GOLDEN Token

Shibarium is the project expected to transition Shiba Inu from a meme coin to a technologically focused ecosystem. It is set to operate as a blockchain layer that runs on top of Ethereum. Shibarium would take over a large portion of SHIB transactions to prevent the asset from solely relying on Ethereum. Recently, the beta testnet was launched. Shiba Inu could compete with Ethereum on the grounds of decentralization as development firm Unification, which is known as the main developer of the Shibarium project, considers this as an important objective.

Ringoshi Toitsu, a popular validator of the Unification (FUND) network tweeted a screenshot on April 5 featuring an interaction between the Unification Foundation and a community user. As captured in the screenshot, Unification was attempting to address the centralization of Ethereum Virtual Machine (EVM) node operations issue. The Unifications upcoming tool UNODE for decentralized applications (dapps) in the Shibarium ecosystem would, therefore, be used by SHIBs layer 2.

It is worth noting that the native token of Unification is FUND. This is said to play a critical role as the only crypto that would be used by UNODE. According to Toitsu, UNODE would be very useful in the SHIB ecosystem.

Unification is now tackling the next major point of centralization for Shibarium operations EVM node operations. UNODEs launch in 2023 offers a more secure and decentralized infrastructure for developers & Dapps using FUND as the gas!

The decentralization aspect of the project is very important considering how Ethereum has been a topic of discussion after its recent ETH.20 upgrade. According to Messaris study conducted in the fall of 2022, 70 percent of leading Ethereum applications run on four centralized node providers. In a blog post, Unification mentioned that Alchemy, Infura, Moralis, and Quicknode are the four centralized industry incumbents that provide the most ETH nodes. This is said to create a vulnerability in the technology stack of decentralized applications. Many also require card payments through DApps, hence, are permissioned and identifiable. In this case, tracking could be triggered.

Unifications UNODE addresses this Achilles Heel, by democratizing, decentralizing, and incentivizing EVM node operations. In accordance with our ethos, this will be pure Web3.

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Oracle of Oracles (OoO), is also part of the Unification technology. OoO provides real-time asset prices by combining data from decentralized and centralized exchanges. This would be integrated into the SHIB ecosystem and includes ShibaSwap, Shiboshi NFTs, and Shibarium. This means important infrastructure from Unification would be received by Shiba Inu.

Unification is doing an excellent job with their technology for Shibarium, and no one else can match it. Were still in an early beta stage with a focus on delegating/staking. People know that BONE is gas, there will be REAL governance, and TRUE SHIB users will be able to earn rewards from using the blockchain.

The current sentiment of Shiba Inu is bullish and is trading at $0.000011 as of press time. In the last seven days, the asset has surged by 2 percent.

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Shiba Inu to become more decentralized than Ethereum with ... - Crypto News Flash

The US has been cold to the cryptocurrency industry since the collapse of the Signature, Silvergate, and Silicon Valley Banks. Colorado Senator Michael Bennet attributes this failure to the instability of crypto.

Signature Bank failed, and almost a fifth of its deposits came from crypto, he said, adding, Theyre not allowed to do anything with marijuana, but they can lay 20% of this on crypto a notoriously unstable thing that nobody here even understands and where the value of the assets can soar and collapse.

Ambre Soubiran, CEO of Paris-based crypto market data provider Kaiko, says the United States crackdown on crypto could ultimately see the industrys shift towards Hong Kong. The US being more stringent these days than ever on crypto and Hong Kong regulating more favourably is going to shift the centre of gravity of crypto assets trading and investments towards Hong Kong, she said.

Despite US frostiness towards cryptocurrencies, Hong Kong remains committed to its goal of becoming a crypto hub. More than 80 virtual-asset firms have set up shop on the Fragrant Harbour, and 23 crypto firms plan to establish their presence soon.

In 2021, China effectively banned financial institutions from providing cryptocurrency services. Under this ban, banks and online payment channels cannot provide trading, settlement, clearing, and registration of cryptocurrencies.

In contrast, Hong Kong has been committed to re-affirming itself as a global crypto hub. That same year, Hong Kongs Securities and Futures Commission announced that Hong Kong is willing to distinguish its crypto regulation approach from the blanket crypto ban in mainland China.

Xiaoba, a Chinese cryptocurrency entrepreneur moving startup to Hong Kong, said, It is a grey area in the mainland. There is clarity and a sense of safety in Hong Kong that would allow me to flourish.

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Big Eyes Coins fierce army of Kitty Cuddlers is united in its commitment to charity and NFT collecting. BIG has been pretty generous as well they give out loot boxes! Enter the code BULLRUN250 when buying $BIG or loot boxes and get a 250% bonus on BIG tokens.

Cryptocurrencies are largely unregulated, which means they can be used for scams, money laundering, and tax evasion. The instability of cryptos also has broader implications for the overall financial market.

In conclusion, while there are many negatives associated with the crypto market, it is still a very new form of currency, and its potential has yet to be realised.

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Cardano and Solana Can Take the Fight to Ethereum, Big Eyes ... - Analytics Insight

Ethereum is one of the most popular and widely-used blockchain protocols. While its native coin ether (ETH) can be used to make payments like cryptocurrencies such as litecoin (LTC) or bitcoin cash (BCH), Ethereum was designed to be a far more flexible and feature-rich blockchain protocol. Ethereum allows for the execution of smart contracts and decentralized applications (dApps). It also allows for tokens to be built on top of its core protocol.

One of the most innovative ERC standards to date is the ERC-4337 standard. Like earlier token standard releases, it was designed to enable additional features and options that werent possible using the previously available token options. Ethereums tokens are one reason it has garnered such a sizeable share of the crypto market. These Ethereum Request for Comment (ERC) tokens create concrete rules and frameworks that allow ERC tokens to be sent and received on the Ethereum blockchain. One of the most popular token standards is ERC-20, which allows you to issue new fungible tokens on the Ethereum protocol. Another popular option is the ERC-721 token standard, which allows for the issuance of non-fungible tokens (NFTs). This is one reason why many of the most popular NFT collections and fungible tokens are found on Ethereum.

There are a number of ERC token standards (ERC-777, ERC-2222, and more) on Ethereum, with new suggestions called Ethereum Improvement Proposals (EIPs) continually being proposed and discussed. Some EIPs are ultimately rejected, while others end up being released on Ethereum. Once an EIP is improved and implemented, it becomes an ERC (ERC-4337 was previously EIP-4337).

Funded through Ethereum Foundation grants, the launch of ERC-4337 was announced at WalletCon 2023. Lets discover what ERC-4337 enables on the Ethereum protocol and why the community decided it needed to be approved.

ERC-4337 makes enhanced crypto transaction options possible. To differentiate it from standard crypto transactions, these ERC-4337 transactions are referred to as UserOperations. This sort of blockchain enhancement would typically be done through a blockchain update and not through a new ERC standard release (more on that later).A core new feature is that it allows for account abstraction on Ethereum in a decentralized manner (more on that below). Additionally, it allows for dApp developers to partially or fully subsidize transaction fees for users; on many dApps the user must pay these fees. ERC-4337 also allows users to pay fees with ERC-20 tokens (as opposed to ETH). This should create a decentralized fee market for smart contract operations. On top of that, it enables some privacy-preserving features and supports the use of aggregated signatures. ERC-4337 is also available on networks compatible with the Ethereum Virtual Machine (EVM) such as Polygon, Avalanche, Arbitrum, and several others.

For sending transactions, ERC-4337 enables you to bundle (combine) multiple transactions to save time and lower transaction fee costs. You will also be able to pre-approve transactions in an automated way. Most current wallets require you to manually approve every transaction. Now, you can create review processes that require additional manual approval only for certain transactions such as transactions that send over a specified amount of crypto (more than $1,000 USD equivalent, for example).

Through a process known as account abstraction, ERC-4337 allows for the use of smart accounts that are expected to be more user friendly for beginners. This update is expected to catalyze crypto adoption as technical barriers to entry are continually being lowered or removed. While somewhat technical, in essence, account abstraction turns a users crypto wallet into a smart contract-enabled account. For this reason, many dont call ERC-4337 a token standard and simply call it an ERC standard; it doesn't really fit categorically with the previous ERC token standards.

One core benefit is how account abstraction simplifies both the use and creation of wallets. Prior to ERC-4337, users generally had to memorize a seed phrase (or store this phrase offline) to create a backup of their crypto wallet. Through abstraction, a crypto wallets private keys can be stored on a smartphones standard security module. This would create what some would consider a hardware wallet within their phone although some express concerns about a smartphones vulnerabilities through the touchscreen or some other avenue.

ERC-4337 allows for the use of smart accounts that are expected to be more user friendly for beginners.

ERC-4337 allows you to sign transactions biometrically through a fingerprint or face scan as an additional safety measure. Should you lose your phone, you could regain access to your account through the use of time-locked social recovery. This requires multiple users to sign a recovery transaction through a multi-signature (multi-sig) wallet. You could give a group of trusted friends or family the ability to regenerate your account. If that doesnt suit you, you could pay a commercial third-party service to recover your account should the need arise.

Losing their wallet and the associated crypto and being unable to recover it is one fear people have when it comes to using non-custodial crypto wallets. There are horror stories of people losing large sums of crypto in this way. This safeguard is designed to give you some of the features and peace of mind you may have when using a bank without having to trust a bank thus preserving the core crypto ethos of trustlessness and permissionlessness.In general, the implementation of account abstraction is intended to provide two benefits for wallets:

For many blockchain protocols, changes require a code update to the blockchain that is called a fork. Oftentimes, there is heated debate about whether to implement changes to a blockchain. These updates sometimes lead to a blockchain splitting into two separate networks. Called a hard fork, this has led to the 2017 Bitcoin fork that created Bitcoin Cash and even a previous splitting of Ethereum (which created Ethereum Classic). The other fork option is a soft fork. Soft forks are backwards compatible giving users and validators the option to implement an update or not.

With the time and work that has gone into transitioning Ethereum from a Proof-of-Work (PoW) to a Proof-of-Stake (PoS) network (known as The Merge), the proposal for ERC-4337 noted that it may be some time before Ethereum goes through another significant update. For that reason, ERC-4337 was implemented as a way to enable updates that dont change the core Ethereum protocol. Taking this innovative approach has ostensibly saved a lot of time and effort. In addition, ERC-4337 will not create compatibility issues in the way some blockchain forks have.

By taking these changes to a higher-abstraction layer (the ERC-4337 standard itself), it negates the need to implement changes to the core Ethereum protocol (the Ethereum blockchain). While this has sped up the implementation of account abstraction on Ethereum, the goal is to eventually implement this feature into the primary Ethereum protocol.

What ERC-4337 Means for Ethereum Adoption

With its notable medley of ERC-20 tokens, the popularity of ERC-721 NFTs, and the outsized presence of Ethereum within decentralized finance (DeFi), ERC-4337 will likely help Ethereum remain one of the premier blockchains as the enhanced functionality will benefit all of these disparate but connected niches within the wider Ethereum ecosystem.

With crypto wallet security and user friendliness at the forefront of the ERC-4337 update, we may end up seeing newcomers to the crypto space choose to start with Ethereum (and EVM-compatible blockchains) as opposed to other blockchain ecosystems. Enticed by the core benefits and ease of use enabled by ERC-4337, this may allow Ethereum to keep or grow the already sizable market share that it occupies within the wider crypto market. For other blockchains to remain competitive and gain market share, they may need to incorporate their own versions of higher-level account abstraction. This will let them appeal to new crypto users that want to experience Web3 with the ease of use and simplicity more commonly found in the Web2 experience.

Read more:

Ethereums ERC-4337 Standard: A Game-Changing, User-Friendly Innovation - Decrypt

The crypto markets, like the traditional finance world, are due to the behavior of thousands, if not millions, of investors making individual decisions. These seemingly unrelated and unconnected decisions, when looked at from a bigger-picture perspective, start to form a pattern. This is the reason why fractals occur in nature, this is the reason why history rhymes and sometimes repeats itself.

Hence, paying close attention to social cues could be a powerful tool in the hands of the right investor. As the second quarter of 2023 kickstarts, certain repetitive behaviors are beginning to resurface that could indicate that a local top for the 2023 bull rally might be around the corner.

While the crypto market and stock market happen to be starkly different from each other, in some ways, they share a lot of similarities. The changes in prices due to market events are both cyclical in nature, i.e., they follow a pattern of highs and lows and form tops and bottoms over time.

In the case of the crypto market, year to date, digital assets have noted significant increases. Bitcoin price since the beginning of 2023 has risen by over 70%, and Ethereum price similarly over the last three months has increased by 58%. Other altcoins have also noted massive gains, which indicate an active bullish narrative.

However, certain recent events suggest that a top could be forming.

Over the last few months, the crypto market has noted instances suggesting a local top, such as:-

But this is not the first time this has been observed, as in the past, similar events have occurred that led to the formation of a local top.

IMX social sentiment

Although it is premature to predict a local top, investors need to be cautious regardless, as the aforementioned signs are usually signals of a top and can trigger a drop in price at any time.

As for now, Bitcoin investors need to watch out for a rise to $35,000 and $38,500, as these would mark key levels for taking a profit. At the same time, should corrections arrive and Bitcoin price fall below the key support level of $24,736 to $17,600, selling pressure could rise.

For more information on potential corrections or retracements in the future where investors can accumulate, refer to the article attached below.

Bitcoin Weekly Forecast: Breaking down key BTC levels to accumulate for Q2, 2023

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Why these social cues could be forecasting a local top for Ethereum and the broader crypto markets - FXStreet

The blockchain interoperability concept made rounds during the 2021 crypto bull run, and was championed by the likes of the Cosmos network. Unfortunately, they had to pump the brakes when crypto winter came. However, Cosmos is now attempting to revive the hype once again.

Is your portfolio green? Check out the Cosmos Profit Calculator

Cosmoss latest announcement revealed its intentions to start pushing towards building and expanding an interconnected internet of blockchains again. The network disclosed that it plans to work on the implementation of IBC with solidity, a move that will make it possible for Ethereum [ETH] to be connected to Cosmos.

Cosmos further noted that IBC-solidity will enable the transfer of data, tokens, and messages to multiple blockchains through IBC. This includes enterprise Ethereum and all the EVM-compatible blockchain networks.

The Ethereum network can be considered as the most popular blockchain and also the most adopted blockchain network at the moment. Additionally, many networks hope to tap into its robust liquidity. This will become much easier to conduct via the IBC as soon as it gets connected to Ethereum. The overall goal is to facilitate a smoother flow of value across different blockchain networks.

Unsurprisingly, the announcement about Ethereum came just a few days after Cosmos revealed its global expansion plans. From a strategic point of view, onboarding Ethereum before executing a global expansion plan might make Cosmos and the IBC more attractive to other potential prospects.

The demand for ATOM should go up as more blockchains get connected to the Cosmos hub. This is because the coin is necessary for projects looking to join the Cosmos ecosystem. As far as ATOMs performance is concerned, at press time, the token was still trading at a slight premium as compared to its December 2022 lows. However, it delivered sideways action for the last 12 days or so.

ATOMs relative strength improved over the last few days and was attempting to push above the 50% Relative Strength Index (RSI) level. This was of course backed by accumulation as indicated by the Money Flow Index (MFI). Furthermore, ATOM could also witness a bullish breakthrough if it manages to break past the RSI mid level. Failure to do so may lend favor to the bears.

How many are 1,10,100 ATOMs worth today

ATOMs volatility was at its highest four-week peak at mid-March. Volatility has since then been declining since then. This reflected the lack of momentum as seen in the last two weeks. Similarly, weighted sentiment remained low suggesting a lack of confidence in the market.

However, there were some positive sentiments such as the growing development activity metric. This combined with the Binance funding rates recovery confirmed that demand was recovering in the derivatives segment.

Things may turn out favorably if Cosmos proceeds and succeeds with its plans this year. Such an outcome would certainly boost ATOMs potential value.

Read more:

All about Cosmos, its latest plans for IBC, and how Ethereum fits the bill - AMBCrypto News