Shiba Inu Lead Dev Returns After Long Hiatus, Here’s What He Did

The Shiba Inu team is taking decisive action against the Shibarium hacker by issuing a final ultimatum and offering a 20 ETH bounty for the return of stolen funds. This move not only highlights the community's commitment to security but also aims to recover lost assets, which is crucial for maintaining trust among users. By directly communicating with the attacker through Ethereum messages, the team is showing a proactive approach to resolving the situation, which could have positive implications for the project's future.

The price of Shiba Inu is facing a significant downturn as its burn rate has dropped sharply, leading to increased selling by large investors, known as whales. Additionally, activity on the Shibarium platform has decreased, raising concerns about the future of this cryptocurrency. This matters because it highlights the volatility and risks associated with investing in cryptocurrencies, particularly for those who may not be fully aware of market dynamics.

The crypto market has started November on a troubling note, with Bitcoin prices dipping towards $105,000, raising concerns among investors. Market expert CryptoBirb has highlighted that we are already ten days into a bearish cycle, suggesting that the situation may deteriorate further. This warning is significant as it reflects the ongoing volatility in the cryptocurrency space, which can impact investor confidence and market stability.

A recent discussion on X has raised an intriguing question about veteran Bitcoin whales: are they strategically selling off their holdings as part of a calculated rotation, or is this a sign that the fundamental support for Bitcoin is weakening? Jeff Park, a former executive at Bitwise, emphasized the significance of OG wallets in this context, suggesting that their actions could indicate broader market trends. This debate is crucial as it could influence investor sentiment and market dynamics in the cryptocurrency space.

Financial writer and investor Robert Kiyosaki has issued a stark warning about a significant market crash that he believes is already underway, suggesting that millions could be affected. He emphasizes the importance of turning to real assets like Bitcoin as a safe haven to protect wealth during these turbulent times. This matters because it highlights the growing concerns about market stability and the potential risks investors face.

Shiba Inu has experienced a 5% decline, highlighting its struggles in the current crypto market, especially as Bitcoin drops below its 200-day average. Despite efforts like token burns, which typically aim to reduce supply and boost value, they haven't been enough to counteract the selling pressure. This situation is significant as it reflects broader trends in the cryptocurrency market, where volatility continues to challenge even popular tokens.

Elizabeth Warren has dismissed a defamation threat from Changpeng Zhao's lawyer, calling it 'without merit.' This situation arises after Zhao received a pardon from Trump, highlighting the ongoing tensions between politicians and cryptocurrency leaders. Warren's stance is significant as it underscores the challenges faced by public figures in navigating legal threats while addressing controversial issues in the crypto space.

Shiba Inu is showing signs of a familiar market pattern, as highlighted by crypto trader IncomeSharks on X. The recent technical analysis suggests that SHIB's price history over the last two years indicates a cycle of brief rallies followed by extended downturns. This insight is crucial for investors as it helps them understand potential future movements in the market, allowing for more informed trading decisions.

The cryptocurrency Aster faced significant selling pressure after a brief price surge sparked by Binance founder Changpeng Zhao's endorsement. While his comment initially boosted the token's value, the excitement quickly faded as the overall market weakened, leading to a sharp decline in Aster's price, erasing most of its gains.

Fulcrum has just launched a fully insured crypto lending platform regulated in Switzerland, allowing users to access loans backed by popular cryptocurrencies and stablecoins.

The Berachain Foundation has successfully recovered $12.8 million following a recent exploit involving Balancer V2. This recovery was made possible through a hard fork and a coordinated chain restart, showcasing the resilience of the blockchain community.

CleanSpark is making strides by expanding its power capacity and securing a new site in Texas for its AI campus. This move highlights a significant trend among Bitcoin miners who are increasingly focusing on high-performance computing.

Bitcoin has dropped below $100,000, reaching its lowest point in four months. Analysts suggest that the market is currently dominated by sellers, and they believe that the effects of the recent sell-off on October 10 are still being felt.

Bitcoin faced its second worst day in 2025, experiencing significant losses and increased volatility due to macroeconomic pressures and technical selling trends.