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The recent altcoin plunge has left many investors wondering what's next. While it's impossible to predict the future with certainty, several factors suggest that some altcoins may be poised for a rebound. Top Altcoins to Watch Render Token (RNDR): This rendering network allows users to rent out extra GPU power for rendering, and its unique service could see increased demand as more media companies need to convert text to images Solana (SOL): With its superior transaction speed and low fees, Solana remains an attractive option for developers building decentralized applications (dApps) StratoVM (SVM): This Bitcoin Layer-2 solution aims to bring smart contracts, DeFi applications, and meme coins directly to Bitcoin, potentially solving Bitcoin's scaling issues Superintelligence Alliance (ASI): As a merger of three popular AI cryptos, Superintelligence Alliance is well-positioned to capitalize on the growing trend of artificial intelligence ¹. Market Trends to Consider While some altcoins may be due for a rebound, it's essential to keep an eye on broader market trends. The approval of Bitcoin ETFs and Ethereum ETFs in 2024 has made investing in these top cryptocurrencies more accessible, potentially driving growth ¹. Additionally, the growing adoption of decentralized finance (DeFi) and non-fungible tokens (NFTs) may benefit altcoins like Aave and Thorchain

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Shiba Inu’s Price Decline Amid Market Liquidations: $SHIB Drops 10.45% Shiba Inu has suffered a significant price drop, falling 10.45% as broader market liquidations surpassed $556 million. This sharp decline reflects the ongoing volatility in the crypto market, where sudden liquidations can trigger cascading price drops across multiple assets. Crypto Liquidations and Their Impact on SHIB Crypto liquidations occur when traders’ leveraged positions are forcefully closed due to price movements that push them below margin requirements. When a large number of leveraged positions are liquidated, it often leads to a domino effect, causing further price declines. In the case of SHIB, its decline was closely tied to broader market trends. With Bitcoin and Ethereum also facing downward pressure, altcoins like SHIB experienced even sharper losses as investors rushed to cut their positions. Key Factors Behind SHIB’s Price Drop Several factors contributed to SHIB’s steep decline: • Market-Wide Liquidations: Over $556 million in crypto liquidations affected the entire market, leading to increased selling pressure. As leveraged positions were wiped out, SHIB followed the broader downtrend. • Risk-Off Sentiment: Investors have been adopting a more cautious approach amid macroeconomic uncertainties, leading to reduced demand for high-risk assets like meme coins. • Whale Sell-Offs: Large SHIB holders, commonly referred to as “whales,” have been observed moving significant amounts of tokens, raising concerns about further declines. What’s Next for SHIB? While the 10.45% drop is significant, meme coins like Shiba Inu have historically shown resilience, often rebounding after sharp corrections. For SHIB to recover, several factors could come into play: • Market Stabilization: If Bitcoin and other major cryptos regain stability, SHIB could see a recovery as investor sentiment improves. • Development Updates: The Shiba Inu ecosystem continues to expand, with projects like Shibarium (its layer-2 network) potentially driving renewed interest. • Retail Interest: Meme coins thrive on community hype and social media trends. A resurgence in enthusiasm for SHIB could help fuel a rebound. Shiba Inu’s recent price decline highlights the inherent volatility of the crypto market, especially for meme-based assets. While liquidations have played a major role in SHIB’s downturn, the token’s long-term outlook will depend on broader market trends, investor sentiment, and developments within the Shiba Inu ecosystem. Traders should remain cautious and monitor key support levels to gauge SHIB’s next potential moves.

Any digital asset or derivative backed and secured by a multisig wallet is not decentralized, not secure and is an existential risk to #Bitcoin and crypto. This includes: - All wrapped tokens - All Layer 2 networks and tokens - All Centralized Exchanges - All backed bridges Only permission-less monolithic network tokens and permission-less pegged tokens are safe and decentralized. You will learn the hard way unfortunately.

The US Securities and Exchange Commission (SEC) has officially closed its investigation into Uniswap Labs without taking any enforcement action. The decision to drop the investigation solidifies a shift in the SEC’s approach under its current leadership, which has been reassessing enforcement actions across the crypto industry. SEC Ends Uniswap Probe During Gary Gensler’s tenure as SEC chair, the agency took a hardline stance against crypto and asserted that most tokens qualified as securities. The Biden-appointed former Goldman Sachs executive led multiple legal actions against crypto firms, accusing them of selling unregistered securities. Since his resignation on January 20, the SEC has rapidly abandoned many of these lawsuits. Uniswap Labs welcomed the latest resolution, describing it as a “relief” not only for the company but also for the broader DeFi ecosystem, which has long faced regulatory uncertainty. It added that it is working with regulators and policymakers to establish clear and sensible frameworks for emerging financial technologies. In a statement, the entity behind Uniswap DEX said, “We have always welcomed dialogue with regulators and policymakers on developing clear, sensible laws and rules for new technology like DeFi. We look forward to productive conversations about our industry’s future in the weeks and months to come.” Following the announcement, UNI posted daily gains of over 4%, rising to over $8, while the rest of the market still struggles after the Tuesday crash. The SEC launched an investigation into Uniswap Labs last April, claiming through a Wells Notice that the company had been unlawfully acting as a broker, exchange, and clearing agency while also dealing in unregistered securities. This case was widely regarded as a key regulatory battle for DeFi. In response, Uniswap Labs called the agency’s legal arguments “weak” and urged it to respect constitutional limits. The company argued that the SEC wrongly assumes all tokens are securities and is improperly redefining terms like “exchange” and “broker” to fit its case. Unichain Launch The latest development comes two weeks after Uniswap announced the launch of Unichain, its Ethereum Layer 2 solution, as it marked its entry into the competitive L2 ecosystem. Built on the Optimism Superchain, Unichain aims to improve DeFi by offering faster transactions, lower fees, and increased decentralization. It features one-second block times, 95% cheaper gas fees than Ethereum, and native USDC integration. Users can swap, bridge, and provide liquidity directly through Uniswap’s app. Unichain prioritizes decentralization from the start. The focus will also be on a public Validation Network; however, it faces stiff competition from established Layer 2 networks such as Arbitrum and Base. The post UNI Defies Market Sentiment as SEC Closes Uniswap Labs Investigation appeared first on CryptoPotato.