- Shiba Inu’s marketing lead reveals the initial plan behind the creation of the BONE token by founder Ryoshi.
- Ripple’s CLO hints at an imminent resolution in the ongoing Ripple v. SEC case.
- Bitcoin advocate Max Keiser predicts a ‘God candle’ for Bitcoin, reiterating his $220,000 price prediction.
Top crypto news: Shiba Inu’s BONE token’s initial plan revealed, Ripple CLO teases resolution in SEC case, and Bitcoin advocate predicts ‘God candle’.
Shiba Inu’s BONE Token: The Original Plan
Shiba Inu’s marketing lead, Lucie, recently shared the original plan behind the creation of the BONE token on the X platform. Initially, SHIB founder Ryoshi envisioned BONE as a reward token for SHIB holders. However, the token’s purpose was later altered to facilitate SHIB burns using Shibarium, Shiba Inu’s layer-2 solution. The timing of this decision in relation to Ryoshi’s departure from the project in May 2022 remains unclear. Currently, BONE tokens are used for transactions on Shibarium, serving as a means for paying gas fees. Lucie emphasized the importance of each token playing its unique role in the Shibarium ecosystem.
Ripple CLO Teases XRP Case Resolution
In a recent development in the Ripple v. SEC case, the regulatory agency has filed its redacted remedies reply brief and supporting exhibits, as reported by James K. Filan. Ripple CLO Stuart Alderoty criticized the SEC for its failure to “faithfully apply the law” and accused it of attempting to mislead the judge overseeing the case. Alderoty also accused the agency of disrespecting financial regulators outside the U.S. Despite this, Alderoty hinted at an imminent resolution of the Ripple case, stating that the company is “closer than ever” to concluding the lawsuit.
Bitcoin ‘God Candle’ Prediction by Max Keiser
Max Keiser, a prominent Bitcoin supporter, recently predicted a ‘God candle’ for Bitcoin, reiterating his $220,000 price prediction. Keiser’s prediction is based on the observation that the Bitcoin supply held on exchanges has hit all-time lows, indicating a potential supply shortage. According to Keiser, Bitcoin’s “demand shock meets supply shock” could drive the price to his predicted level. At the time of writing, Bitcoin is trading at $62,032, down by less than 1% over the past 24 hours, according to CoinMarketCap.
Conclusion
In summary, the crypto world continues to evolve with Shiba Inu’s BONE token’s original plan revealed, Ripple’s CLO hinting at an imminent resolution in the SEC case, and Bitcoin advocate Max Keiser predicting a ‘God candle’ for Bitcoin. As the crypto market continues to develop, these events highlight the dynamic and unpredictable nature of the industry.
