Malaya Ruiz
Today’s top headlines cover analyses of Shiba Inu (SHIB) price trends, a botched crypto deal in Jeju City leading to the murder of a Chinese investor, the arrest of three scammers in Assam, and intense debates surrounding the U.S. Crypto Reserve.
Shiba Inu Price Analysis: Key Support Levels and Potential Trends
Recent technical analysis pinpoints important price levels for Shiba Inu (SHIB). Analyst BlueCrypto reports that SHIB has sustained local support at $0.00001345 but warns that a higher level is necessary for upward momentum. He cautions that failure to hold the new local support at $0.00001465 could lead to a bearish reversal. Conversely, Crypto Sheriff, another analyst, believes SHIB could enter a new uptrend following a potential breakout.
Crypto Deal Gone Wrong: Chinese Investor Killed in Jeju City
An in-person crypto exchange at a Jeju City hotel resulted in a murder, leaving one Chinese investor dead. The February 24 incident underscores the risks of unregulated cryptocurrency dealings. The victim, a man in his 30s, was discovered with stab wounds and had 85 million won (around $63,000) stolen from him. Four suspects, including two men and two women, have been arrested by the police.
Trio Arrested in Assam for Crypto Scam Involving RSN Token
Assam Police arrested three individuals involved in a cryptocurrency scam related to the RSN token. The scam, which took place on March 1, promised a 2% return on deposits to investors. The scammers allegedly used digital platforms like PhonePe and PayTM to collect funds, converting them into USDT. Hekmot Ali Sarkar, believed to be the mastermind, is still at large.
Diverse Perspectives Erupt Over Trump’s Plan for a US Crypto Reserve
President Donald Trump’s initiative for a U.S. Crypto Reserve is stirring debate among cryptocurrency enthusiasts. Led by David Sacks, the plan seeks to make the U.S. the “Crypto Capital of the World.” Bitcoin maximalists argue against including other cryptocurrencies, while others like Ripple CEO Brad Garlinghouse see value in diverse cryptocurrencies. This disagreement reflects contrasting beliefs about the role of various digital assets.
Read more
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- Binance to Delist USDT Trading Pairs in EEA, Keeps Deposits/Withdrawals Open
- U.S. Crypto Reserve Plan to Be Unveiled at Friday’s Summit
Malaya has positions in SHIB, ETH, USDT, MATIC, etc. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
