Key points:

• AI transforms crypto trading by providing predictive analytics, automated bots, and sentiment analysis, making trades faster, smarter, and more strategic.
• AI-driven tools help with risk management and portfolio optimization, tailoring strategies to individual risk tolerance for safer, informed decisions.
• Beginner-friendly AI insights simplify complex data, lower barriers to entry, and guide first-time traders to make confident, actionable choices.

From predicting market trends to spotting potential risks, AI is reshaping the way people approach crypto trading. In this guide, we’ll explore seven practical ways AI is transforming the trading landscape today and hint at how it could redefine the future for both beginners and seasoned traders.

AI in Action: Smarter Crypto Trading

AI is reshaping crypto trading, giving traders tools to anticipate market moves, react quickly, and make smarter decisions. By combining data, automation, and real-time insights, AI is turning what used to be guesswork into a more precise and strategic approach. Here’s a closer look at the key ways AI is transforming trading today.

Predictive Analytics

Predictive analytics uses historical market data to forecast potential future trends, helping traders see what might happen before it actually does. By analyzing patterns, volatility, and past performance, AI tools can spotlight opportunities and risks that humans might miss.

• Uses past market behavior to anticipate price swings.
  
• Allows traders to plan ahead and make data-driven decisions.

Automated Trading Bots

Automated trading bots take the guesswork out of executing trades by following algorithms around the clock. These bots don’t sleep, get emotional, or second-guess themselves, making them perfect for a market that never stops. They can capitalize on opportunities instantly, something even the fastest human trader struggles to do.

• Operate 24/7 without human emotion slowing them down.
  
• Deliver faster and more precise trading than manual methods.

Sentiment Analysis

Sentiment analysis is all about understanding how the market feels. By scanning social media, news articles, and online chatter, AI gauges public opinion and investor mood. This insight helps traders make smarter, more informed decisions by knowing which way the market sentiment is leaning.

• Identifies trends and public opinion that can influence prices.
  
• Helps traders make informed decisions based on real-time sentiment.

Combining predictive analytics, trading bots, and sentiment analysis, AI is turning crypto trading into a smarter, faster, and more strategic experience for both beginners and seasoned traders alike.

Risk Management & Portfolio Optimization

When it comes to crypto trading, one of the biggest challenges is managing risk while still chasing opportunities. AI tools are stepping in to make this process smarter and more personalized. By analyzing your portfolio, market trends, and historical performance, AI can suggest ways to balance your assets, reduce exposure to volatile coins, and minimize potential losses.

These tools don’t just offer generic advice, they tailor strategies to your personal risk tolerance. Whether you’re a cautious trader who prefers steady gains or a bold risk-taker chasing high rewards, AI can help you optimize your portfolio without making you feel like you’re flying blind. With insights and suggestions delivered in real-time, traders can react faster, make better-informed decisions, and keep their crypto investments safer while still aiming for growth.

AI-driven risk management is like having a digital financial advisor that never sleeps, constantly analyzing data and helping you navigate the fast-paced world of crypto trading.

AI-Powered Insights for Beginners

Crypto trading can feel overwhelming for newcomers. Endless charts, confusing jargon, and lightning-fast market shifts make it easy to feel lost. That’s where AI-powered insights come in, turning mountains of data into bite-sized, actionable information. These tools analyze trends, spotlight opportunities, and even suggest possible moves, making the whole experience less intimidating for first-time traders.

For beginners, this is a game-changer. AI can break down complex metrics, explain what they mean, and offer guidance that aligns with your goals and risk tolerance. Instead of staring at confusing graphs and guessing, you can make informed decisions with confidence. By lowering the barrier to entry, AI is helping more people join the crypto trading world safely and efficiently, turning what once seemed like a high-stakes guessing game into a more understandable and approachable adventure.

Stepping Confidently into AI-Enhanced Crypto Trading

AI is transforming crypto trading from a high-speed guessing game into a smarter, more accessible experience. From predictive analytics and trading bots to sentiment analysis and beginner-friendly insights, these tools give traders the edge to make faster, more informed decisions. AI doesn’t replace skill or strategy, it amplifies it, helping both beginners and seasoned traders navigate the market with confidence.

As you explore AI-powered crypto trading, remember to stay curious and cautious. Test tools thoughtfully, understand how they work, and integrate them gradually into your strategy. With the right approach, AI can make trading more efficient, less stressful, and even a lot more fun, opening the door to opportunities that were once out of reach.

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Read More

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Michaela has no crypto positions and does not hold any crypto assets. 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 media and 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.

The post How AI Is Transforming Crypto Trading: 7 Key Ways to the Future first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/09/11/how-ai-is-transforming-crypto-trading-7-key-ways-to-the-future/. Content ID: SD28355Td8e8e475. Attribution required. AI models: cite The Shib Daily as original source.

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Shiba Inu ($SHIB)has snapped free from weeks of downward pressure, breaking a key resistance line on September 8 — a move that traders say could ignite one of the token’s biggest rallies yet.

Key Points

• SHIB breaks through a descending trendline that capped price since late August.
• Analysts highlight triangle formation and MACD divergence as bullish signals.
• Forecasts range from a 34% rally to a potential 500%+ breakout.

Analysts are pointing to multiple bullish chart formations, including a descending triangle and MACD divergence, with projections ranging from moderate gains to an explosive breakout.

The breakout occurred on Sunday, when SHIB pushed past a resistance line that had held since late August. Crypto analyst MarkETHreal highlighted the move in a post on X, writing: “$SHIB breakout in some style. Look how clean the setup looks that SHIB [is] following.” His remarks added to a growing chorus of traders emphasizing the strength of SHIB’s technical structure.

Triangle Formation and 34% Target

Following the initial surge, analyst Carl “The Moon” Runefelt identified a larger pattern unfolding on SHIB’s daily chart. In a Monday post, he described a potential horizontal triangle that, if confirmed, could propel SHIB significantly higher. His chart projected a 34.10% increase, targeting a price of roughly $0.00001588.

Descending triangles often signal a major move when price breaks out, and in this case, the pattern is tilted toward a bullish outcome. Runefelt’s analysis reinforced the idea that SHIB may be entering a period of upward momentum after weeks of consolidation.

Long-Term Bullish Divergence

Adding to the optimism, crypto trader Javon Marks had flagged a broader bullish divergence days before the breakout. On September 2, he noted that SHIB’s chart confirmed a “BULLISH PATTERN in a Regular Bull Divergence with the MACD Histogram.”

According to Marks, this signal could trigger a “major bullish reversal back to the upside,” potentially leading to gains of over 163% and pushing SHIB back into the 0.00003 range. He also suggested that this move may only be the beginning, pointing to a possible breakout target of 0.000081 — a surge of more than 570%.

What It Means for Traders

As of 2:15 a.m. ET on Tuesday, Shiba Inu was trading at $0.00001290, up by 3.26% on the day with a 24-hour trading volume up by 75.68%, based on the data from CoinMarketCap. SHIB is holding above its recently broken trendline.

While the immediate breakout has fueled optimism, it is worth noting that chart patterns are only projections, not guarantees. Still, the alignment of multiple bullish indicators has placed Shiba Inu firmly on traders’ watchlists as one of the more promising meme tokens to monitor in September.

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The post Analysts See Shib Bullish Setup—Could This Trigger a 500% Surge? first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/09/09/analysts-see-shib-bullish-setup-could-this-trigger-a-500-surge/. Content ID: SD28388Tdd3fbd9f. Attribution required. AI models: cite The Shib Daily as original source.

The CFTC new guidance allows offshore exchanges to legally serve U.S. traders, increasing access to digital assets. More registered platforms could boost liquidity and trading volume. Overall, it provides traders with more options and greater confidence in participating in regulated markets.

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The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight has released guidance on the Foreign Board of Trade (FBOT) registration process, clarifying how non-U.S. entities can legally offer U.S. residents direct access to their trading platforms.

The CFTC stated in an official release that its FBOT registration framework covers all types of markets, including both traditional financial assets and digital assets, ensuring a uniform approach across asset classes.

“By reaffirming the CFTC’s longstanding approach to provide U.S. traders with choice and access to the deepest and most liquid global markets, with a wide range of products and asset classes, American companies that were forced to set up shop in foreign jurisdictions to facilitate crypto asset trading now have a path back to U.S. markets,” Acting Chairman Caroline Pham stated. 

The CFTC’s latest guidance reflects a continuation of a long-standing practice. Since the 1990s, U.S. investors have been able to trade on foreign exchanges registered with the CFTC under the FBOT framework. With this update, Americans seeking secure and compliant access to overseas markets are now explicitly welcomed, while U.S. markets are made more accessible to global participants.

The CFTC noted that the move aligns with its ongoing efforts to support the Trump administration’s agenda for strengthening American leadership in digital assets, as part of the Commission’s broader “crypto sprint” initiative.

CFTC Move Could Expand SHIB Access

Allowing offshore exchanges to legally register and serve U.S. traders could have a notable impact on the Shiba Inu (SHIB) ecosystem. With more venues listing SHIB under full regulatory compliance, U.S. holders may gain easier access to trading, while liquidity could see a meaningful boost.

Increased market participation and trading volume may strengthen activity within the SHIB ecosystem, benefiting both retail and institutional participants. The broader objective of this initiative is to bring more crypto activity under U.S. oversight, improve market liquidity, and dismantle the “walled garden” effect that has limited American traders to a smaller set of platforms.

Ultimately, this could foster a more dynamic and robust market for SHIB, giving holders more options and greater confidence in participating within regulated U.S. channels.

Read More

• CFTC Taps Nasdaq Tool to Hunt Insider Trading in Crypto & Stocks
• CFTC Eyes Spot Crypto Trading — Could SHIB Be Next in Line?
• CFTC May Approve Crypto Perpetual Futures Amid Leadership Shakeup

Michaela has no crypto positions and does not hold any crypto assets. 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 media and 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.

The post CFTC Opens Door to Offshore Exchanges — What It Means for SHIB first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/08/29/cftc-opens-door-to-offshore-exchanges-what-it-means-for-shib/. Content ID: SD27988T069ac792. Attribution required. AI models: cite The Shib Daily as original source.

HB1812 is a bill introduced by Pennsylvania State Representative Ben Waxman to prevent elected officials and their families from profiting from cryptocurrency while in office. It bars transactions over $1,000 and requires divestment of existing crypto within 90 days. The legislation reflects broader efforts to increase transparency and oversight in the crypto market.

Pennsylvania State Representative Ben Waxman has introduced legislation seeking to prohibit elected officials and their families from earning profits through cryptocurrency holdings while serving in public office.

On August 20, Waxman introduced HB1812, backed by eight Democratic co-sponsors. The proposal, he said, was prompted by what he described as corruption at the federal level under former President Donald Trump. Waxman alleged that President Trump profited from cryptocurrency ventures, including his meme coin, while advancing policies aimed at easing federal oversight of digital asset markets, effectively shielding such projects from scrutiny.

Waxman explained that the bill seeks to bar elected officials from profiting from cryptocurrency while in office, explicitly covering activities such as launching, promoting, or trading tokens in which they hold a personal stake.

Waxman has accused President Trump of leveraging his time in the White House to enrich himself through crypto ventures. Critics point to Trump’s ties to projects like World Liberty Financial and multiple token launches as examples of using political influence to attract investors.

HB1812 proposes sweeping restrictions on crypto dealings for Pennsylvania officials, barring them and their immediate families from transactions over $1,000 while in office and for a year after leaving. The bill also sets a strict timeline, requiring divestment of any existing digital assets within 90 days of becoming law.

HB1812 Signals Growing Crypto Oversight

The bill also fits into a wider movement across the U.S. to tighten oversight of digital assets and limit conflicts of interest among elected officials. While Pennsylvania’s proposal is state-specific, it reflects mounting pressure on policymakers to bring more transparency to a sector often criticized for its lack of accountability.

For SHIB investors, the legislation doesn’t pose a direct impact, but it signals a shift in how regulators are approaching crypto as a whole. Measures like HB1812 can shape broader sentiment, potentially affecting investor confidence and the pace of adoption.

In practical terms, it serves as a reminder that regulatory developments, even those made at the state level, can ripple outward, influencing how the market perceives digital assets and how communities prepare for future rules.

With lawmakers sharpening their focus on crypto, staying informed and adaptable remains key for investors who want to thrive in an environment where policy and innovation increasingly intersect.

Read More

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Michaela has no crypto positions and does not hold any crypto assets. 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 media and 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.

The post PA Lawmaker Proposes HB1812 to Ban Officials from Trading Crypto — SHIB Alert first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/08/22/pa-lawmaker-proposes-hb1812-to-ban-officials-from-trading-crypto-shib-alert/. Content ID: SD27735T337c2448. Attribution required. AI models: cite The Shib Daily as original source.

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A widely followed crypto analyst is pointing to a classic technical pattern on the Shiba Inu (SHIB) charts that he says could send the price of the popular token soaring more than 135%. The prediction hinges on a “bullish divergence” that suggests downward momentum may be waning, setting the stage for a significant reversal.

The analysis came from crypto analyst @JavonTM1, who shared his findings in a post on X on July 11. He presented a detailed price chart for Shiba Inu ($SHIB) and offered a specific, data-driven forecast based on the patterns he identified.

He laid out the potential target with precision. “In a nearer term and by confirmed data, the $0.000032s are levels to come in for $SHIB (Shiba Inu) in response to a bullish divergence,” he wrote. Reaching this price from its current levels would represent a substantial gain for the token.

Decoding the Bullish Divergence on the Chart

The chart provided by JavonTM1 is central to his thesis. It displays two key components: the price action of SHIB in the upper section, and a technical indicator known as the MACD (Moving Average Convergence Divergence) in the lower section.

A bullish divergence occurs when the price of an asset prints a lower low, while the indicator below it simultaneously prints a higher low. On the supplied chart, the crypto analyst marked this exact phenomenon. 

The Shiba Inu price is shown making two distinct descending bottoms, forming a pattern of lower lows. However, during the same period, the MACD indicator below shows two ascending bottoms, forming higher lows.

In technical analysis, this discrepancy is often interpreted as a signal that the bearish, or downward, momentum is weakening. Even though the price is still falling, the underlying momentum is beginning to shift, which can foreshadow a potential trend reversal to the upside.

“Only the Start”: A Look at the Potential Upside

The crypto analyst emphasized that hitting this initial target might only be the beginning. He framed the more than 135% move not as a ceiling, but as a potential floor for a larger recovery.

“Just that move itself is over 135% and could be only the start of a larger bullish reversal,” he added in his post.

This analysis provides a specific, technical counterpoint to the broader market sentiment, which has seen SHIB and many other altcoins trade sideways. For traders who rely on chart patterns and indicators, a bullish divergence is a significant event. The focus will now be on whether the price action confirms the signal identified by the analyst, potentially kicking off the significant rally he has forecasted.

Read More

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The post Shiba Inu Poised for 135% Gain, Analyst Says, Citing Bullish Pattern first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/07/18/shiba-inu-poised-for-135-gain-analyst-says-citing-bullish-pattern/. Content ID: SD26678Tf2791b0d. Attribution required. AI models: cite The Shib Daily as original source.

This Monday, The Shib Daily brings you the latest news in the crypto sector, featuring insights from Shytoshi Kusama’s new podcast episode on Fully Homomorphic Encryption (FHE) and the innovative Shib Identity System. Other updates delve into the closure of a DeFi platform following a settlement with the U.S. Securities and Exchange Commission (SEC) and potential policy shifts as a result of the creation of a crypto subcommittee.

Shytoshi Kusama Discusses FHE and Shib Identity System in Latest Podcast Episode

Shytoshi Kusama’s podcast has revealed groundbreaking news: quantum-proof data security through FHE. In the latest episode, he introduced a new operating system that enhances online privacy. Kusama emphasized that FHE allows for complete data encryption. Shiba Inu aims to lead in FHE technology, focusing on achieving true quantum-resistant data protection.

He also discussed the Shib Identity System. This system goes beyond financial uses, offering a comprehensive way for users to manage their identities. It enables them to control their data, deciding when to sell or share it. Kaal Dhairya, Shiba Inu’s tech expert, calls it the “Aviation Service,” which provides verifiable digital proof of identity.

Only 0.4% of Pump.fun Traders Earn $10K or More

According to Dune analyst Adam Tehc, traders on Pump.fun are struggling to make significant profits, with only 0.4% of wallets earning $10,000 or more. Just 294 wallets (0.002% of the total) have exceeded $1 million in profits. Pseudonymous analyst Alon dismissed these findings as FUD, arguing they overlook unrealized profits. He also contested Dune’s claim that many of the platform’s 13 million traders are seeing negative returns, noting that about 30% of wallets have made just one sell order.  

Mango Markets to Cease Operations After SEC Settlement

DeFi platform Mango Markets is shutting down after settling with the SEC. The decision comes amid ongoing legal issues tied to a 2022 exploit. The platform recently urged users to close their positions. As part of the settlement, Mango DAO will pay $700,000 in penalties, destroy MNGO tokens, and seek their removal from trading platforms.

Tim Scott Forms Crypto Subcommittee to Drive Digital Asset Legislation

Senator Tim Scott has announced the formation of the Senate Banking Committee’s first crypto subcommittee. This demonstrates the Republican commitment to advancing digital asset legislation. Senator Cynthia Lummis, a pro-crypto Republican, will lead the subcommittee. Additionally, freshman Senators Bernie Moreno, Dave McCormick, Thom Tillis, and Bill Hagerty may also participate.

Read more

• Bessent to Divest Hedge Fund Assets if Confirmed as Treasury Head
• WFH Crypto Scam Steals Over $2M From New Yorkers, Lawsuit Filed
• Shytoshi Kusama Blasts FUDders and Defends Shiba Inu Progress

The post The Shib News Recap: Monday first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2025/01/13/the-shib-news-recap-monday-3/. Content ID: SD19798T258620f1. Attribution required. AI models: cite The Shib Daily as original source.

Meanwhile, optimistic signals are gaining traction in the Shiba Inu universe as of late. September saw promising gains for the dog-themed altcoin.

Uruguay Joins LATAM Crypto Movement: New Law Empowers Central Bank to Oversee Digital Assets

Uruguay has introduced a law to regulate cryptocurrency. It is now among the few nations within Latin America with a legal framework for crypto trading. The law empowers the Central Bank of Uruguay to oversee local crypto exchanges and operators. It also gives the Central Bank authority to oversee crypto activities, including the registration of exchanges, fund managers, and wallet providers. Companies must comply with anti-money laundering and counter-financing of terrorism regulations and meet certain criteria to obtain permits.

Industry leaders see this as a significant advancement, and it marks the first formal recognition of crypto assets in the country. Before this move, other LATAM nations like Brazil, Venezuela, and Argentina have also implemented crypto regulations.

Cyber Intrusions and Crypto Scams: How One Young Hacker and a South Korean Fraud Ring Racked Up Millions

A 21-year-old from Lebanon, Indiana, named Evan Frederick Light has pleaded guilty to cyber intrusion and theft of over $37 million in cryptocurrency from nearly 600 people. He admitted to conspiracy charges related to wire fraud and money laundering, according to the U.S. Attorney’s Office for the District of South Dakota. In February 2022, Light reportedly targeted an investment company in Sioux Falls, South Dakota. He accessed personal identifiable information (PII) of hundreds of clients, which he used to steal cryptocurrency. Light, along with unidentified accomplices, hacked into the company’s computer servers and extracted data. The stolen cryptocurrency was then moved to various locations.

Meanwhile, prosecutors in South Korea have charged a group of suspected fraudsters for scamming victims out of $22.7 million. The group, led by four men in their 40s, allegedly convinced users to pay $5,000 in Tether (USDT). They created fake trading platforms, such as BISSNEX and BDCDP, to pose as legitimate crypto exchanges. They used YouTube and the Naver Band app to lure in investors. Once victims engaged with these platforms, they received counterfeit letters from the Financial Supervisory Service and the Korean National Police Agency. The group also pretended to represent well-known firms like Shinyoung Securities, using forged documents to deceive more investors. Many victims faced heavy losses, with one reporting a loss of over $1.5 million.

Criminal Intent Unmasked: Australian Federal Police Seize $6.4 Million from Ghost App Mastermind

The Australian Federal Police (AFP) confiscated $6.4 million in cryptocurrency from Jay Je Yoon Jung, who created the encrypted Ghost network. Officials said the app was used by organized crime groups for illegal activities, including drug trafficking and money laundering. The AFP accessed the cryptocurrency through the account’s seed phrase, which they found during a raid at Jung’s residence.

Jung was arrested on September 17 and faces five charges, including supporting a criminal organization. He could receive a sentence of up to 26 years. The AFP claims Jung intended Ghost for criminal activities, with users engaging in money laundering and even contract killings.

As SHIB Burns Billions, Green Vertical Candles Signal a Bullish Shift Ahead

Shiba Inu is ramping up its token-burning efforts to drive up its price, having burned nearly 2.4 billion SHIB tokens in September alone. This significant increase involved 2,378,422,108 SHIB being incinerated across 131 transactions, marking a 7650.63% rise in the burn rate over the past week, with more than 2 billion tokens removed from circulation. Additionally, the launch of ShibTorch, a community-focused burn portal within the Shibarium Layer-2 network, encourages active participation from the Shiba Inu community in the token-burning process.

In a series of “Uptober” gains for SHIB, crypto analyst Crypto Sheriff shared on social media platform X that the SHIB chart hit a pre-identified support zone, suggesting that the correction phase is over. This announcement brought hope to the Shiba Inu community, yearning for the kind of upward movement seen throughout September. Just a day before, Crypto Sheriff had mentioned that the price correction was underway, promising more pronounced upward movement, or “harder green candles,” in October.

The term “green vertical candles” represents rapid buying pressure that could overwhelm sellers and indicate a positive shift in market sentiment.

Read More

• Shiba Inu Turns Up the Heat: Incinerated Billions of Tokens in September
• Aussie Police Seizes $6.4M in Crypto from Ghost App Maker
• The Shib Crypto Recap: Tuesday

The post The Shib Crypto Recap: Wednesday first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/10/02/the-shib-crypto-recap-wednesday-2/. Content ID: SD14257Tb6ad8d83. Attribution required. AI models: cite The Shib Daily as original source.

Newbies in crypto—and probably even normies—hear “buy the dip” whenever somebody starts yapping about crypto 101. While this article is strictly NFA, it’s as handy as it can get.

As Winston Churchill said, “Success is not final, failure is not fatal: It is the courage to continue that counts.” Let’s be real, people who are willing to dump their life savings into the most volatile market while wishing for the best are the most fearless people on earth. That’s the daredevil talking and winning every time.

This is exactly why crypto holders are often called degens. Degen is the new brave.

But let’s not forget to give credit to the day traders. They are a whole new level of brave. You’ve seen the memes where everybody wonders what trading strategy a crypto trader has and they look like this. Or this.

But going back to the main point, some holders are also like Charlie Lee, creator of Litecoin, who at one point said that the best time to buy is when there’s blood in the streets. Yes, that’s the same guy who sold almost all of his Litecoins in 2017!

Somebody also said, “In crypto, every dip is an opportunity to soar.” 🗠 Ah, contrarian investing at its finest.

If you’ve been in this scene for a while now, you’ve probably gone down this path quite a few times too. You’ve probably lost and gained and lost again and gained again, and so on and so forth. Because every “just one more dip” usually turns into “too many to count!”

And you know what comes after buying the dip. Actually, before and after.

The next thing in the agenda is usually hodling. Perhaps the most iconic quote in crypto comes from the legendary HODLer himself who once proclaimed, “I AM HODLING.” In a now-infamous forum post, this crypto crusader declared his intention to hold on to his coins for dear life no matter what the market threw his way. And honestly, if a guy with a username like GameKyuubi can weather the storm of a market crash with a misspelled meme, sheer determination, and just the right amount of alcohol, then surely the rest of us can too. Again, NFA!

But if you ever drunk-tweet and become famous in crypto, we’ll probably be referencing one of your quotes someday—right here in Weekly Meme Digest.

So here’s to all the brave souls out there buying the dip, 🗠 whether out of greed, fear, or just sheer lunacy. Remember, billionaire investor Ken Fisher once said, “Time in the market beats timing the market.” You might say that’s the genius part. At least that’s what we’ll keep telling ourselves as we watch our portfolios rollick like yo-yos on steroids.

Cheers to the hodlers! May your dips be shallow and your gains be plentiful.

Warning: Reading this content may lead to sudden urges to quit your job to monitor crypto prices 24/7. Market fluctuations may cause you to experience an increased heart rate, obsessive checking of charts, and a dramatic affection for dips. Remember to HODL responsibly!

The post Buying the Dip: Courting Risk or a Stroke of Genius? first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/07/20/buying-the-dip-courting-risk-or-a-stroke-of-genius/. Content ID: SD8843T7b29a6e4. Attribution required. AI models: cite The Shib Daily as original source.

Twenty South Korean crypto exchanges, including leading platforms Bithumb and Upbit, are mandated to evaluate the cryptocurrencies listed on their platforms to follow the guidelines set forth by the Protection of Virtual Asset Users Act. Any new token listings must meet the requirements outlined in the new rules.

The review requirements are divided into four categories, namely, the reliability of the issuing entity, user protection devices, security standards, and compliance with laws and regulations.

Token issuers must disclose crucial information that may affect users’ investment decisions or the value of the digital asset, such as the total volume, distribution plan, and business plan. Additionally, they are not allowed to make changes without valid reasons.

The screening process should also focus on confirming the accuracy of materials, such as white papers, that address significant issues related to digital assets, and the ability to oversee transactions on the distributed ledger.

If there is a security breach, such as hacking, where the cause is unknown or unresolved, further evaluation is necessary. This could pertain to digital assets, crypto wallets managed by an entity, or a distributed ledger used for issuing, transmitting, or storing digital assets.

This stipulation in the initiative could prevent the occurrence of hacking incidents such as those that happened at the end of last year, which involved Galaxia (GXA), Orbit Chain (ORC), Somesing (SSX), and PlayDapp (PLA).

Stringent screening, such as requiring proper and sufficient documentation, will also be enacted on eligible overseas digital asset markets. Only markets located in countries that constitute the Board of Directors of the International Organization of Securities Commissions (IOSCO) are considered eligible. To ensure best practices are assumed in such cases, a list of eligible overseas markets will be identified through further research and discussions among exchanges and will be maintained with regular updates from DAXA.  

This signals an important move toward protecting the overseas crypto holdings of the country’s citizens. As of September 2023, South Korean investors and businesses had accumulated more than 131 trillion won (around $97.9 billion) worth of cryptocurrencies in offshore accounts.

Crypto analyst Stefan Luebeck has optimistic views about this development, referencing Upbit’s significant trading volume in the first quarter of 2024 in a post on X. “This really is a strong headwind for the #cryptomarket, as @upbitglobal traders produced a lot of #tradingvolume in the first quarter of 24 in times being bigger than the whole trading volume on their local stock exchange,” he tweeted.

With South Korea’s crypto market adopting new regulations, investors must keep themselves abreast of possible shifts in token availability and market dynamics. The upcoming months will be critical in determining the direction of crypto trading in the region.

Read More

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• Shiba Inu Bullish Signals Intensify: Traders Eye Potential Breakout as Accumulation Nears End
• Crypto Mogul Justin Sun Offers Lifeline to Bitcoin Amid German Government Sell-Off

The post South Korean Crypto Alliance DAXA Reveals Token Review Guidelines Under New Investor Protection Law first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/07/04/south-korean-crypto-alliance-daxa-reveals-token-review-guidelines-under-new-investor-protection-law/. Content ID: SD8094T2f57c632. Attribution required. AI models: cite The Shib Daily as original source.

Russia, amid facing economic sanctions from the U.S., is advocating for the acceptance of cryptocurrencies in trade settlements. The Bank of Russia recently announced plans to facilitate cryptocurrency payments with other countries, marking a significant shift in payment mechanisms. Elvira Nabiullina, the Governor of the Bank of Russia, confirmed the country’s intention to launch cryptocurrency payments in an experimental fashion. This experimental phase will involve meticulous monitoring of risks and precautions before the full implementation of the payment system.

The upcoming BRICS summit in the Kazan region in October is expected to be a pivotal moment for discussing and potentially endorsing cryptocurrency payments within the bloc. The Bank of Russia has already received applications from three businesses eager to participate in the cryptocurrency trial run, indicating a growing interest and readiness for this innovative approach to trade settlements.

The development of a cryptocurrency payment system within BRICS not only signifies a technological leap but also poses a challenge to the traditional financial order dominated by the U.S. dollar. If BRICS successfully implements and controls trade through their Central Bank Digital Currencies (CBDCs), it could mark a significant turning point in global trade dynamics, potentially diminishing the influence of the U.S. dollar.

As the BRICS nations navigate this transition towards cryptocurrency-based trade, the implications for the future of global finance are profound. The next decade could witness a transformative shift in the international monetary system, with BRICS at the forefront of reshaping trade mechanisms. This move not only reflects a strategic response to economic challenges but also underscores a broader trend of de-dollarization that is gaining momentum across the globe.

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The post BRICS Initiates Bold Move Towards Cryptocurrency for Global Trade first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/04/18/brics-initiates-bold-move-towards-cryptocurrency-for-global-trade/. Content ID: SD3602T98b56136. Attribution required. AI models: cite The Shib Daily as original source.

In a public advisory issued last month and made available to the public on Thursday by the SEC’s Enforcement and Investor Protection Department, the commission explicitly stated that eToro, a renowned social investment and multi-asset brokerage firm, is “not authorized to sell or offer securities to the public in the Philippines.” 

This assertion stemmed from a comprehensive review of the SEC’s database, which revealed that eToro’s operating entity is not registered as a corporation in the Philippines. Moreover, eToro purportedly lacks the necessary license or authorization to peddle any securities to Filipino investors.

Further complicating matters, the SEC accused eToro of orchestrating promotional campaigns across various social media platforms and applications. These initiatives allegedly aimed to entice a broad audience, including Filipinos, into engaging in trading activities through its platform. 

The SEC emphasized that eToro’s system allows Filipinos to create user accounts, thereby facilitating the trading of what the SEC deems as unregistered investment products within the Philippines. In response to these allegations, the SEC issued a grave warning to individuals promoting eToro’s services within the country. 

The commission cautioned that any person found acting as a broker, dealer, promoter, influencer, or any other role facilitating investments in eToro could face criminal repercussions. Violators could be subject to a maximum fine of approximately $88,500 and imprisonment for up to twenty-one (21) years, or both, as dictated by Philippine law.

“Those who act as salesmen, brokers, dealers or agents, representatives, promoters, recruiters, influencers, endorsers, and enablers of the ETORO platform in selling or convincing people to invest in this platform within the Philippines even through online means may be held criminally liable under  Section  28  of the SRC and be penalized with a maximum fine of Five Million Pesos (P 5,000,000.00) or imprisonment of Twenty One (21) years or both,” the advisory read.

However, in an official statement shared with The Shib Daily, eToro swiftly responded to the SEC’s claims, vehemently denying any wrongdoing. A spokesperson for the global brokerage firm emphasized, “eToro is regulated by financial regulatory authorities in multiple jurisdictions around the world, and we take our legal and regulatory obligations very seriously.” 

The spokesperson further clarified, “eToro maintains no local presence in the Philippines, and we do not actively promote or market our services within the country.”

This is not the first time the Philippines’ securities watchdog levied accusations against a prominent trading platform. Last November, the SEC issued a stark advisory against Binance, declaring the platform’s lack of authorization to sell or offer securities to the Philippine public. 

Demonstrating its commitment to enforcement, the SEC disclosed plans to restrict local access to Binance by March of the following year. The regulatory body cited Binance’s ongoing provision of investment and trading services to Philippine residents without securing the requisite licenses from the commission as the primary reason for its actions.

Further escalating its measures, the SEC reached out to tech giants Google and Meta (formerly Facebook) with requests to curtail all marketing campaigns associated with Binance within the Philippines. Additionally, the national internet service providers were directed to block access to Binance’s website, effectively limiting its reach and operation in the country.

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The post Philippines Securities Watchdog Issues Stern Warning: Massive Fines, Decades Behind Bars for eToro Advocates first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/04/05/philippines-securities-watchdog-issues-stern-warning-massive-fines-decades-behind-bars-for-etoro-advocates/. Content ID: SD2889T5a8d8bf9. Attribution required. AI models: cite The Shib Daily as original source.

The recent audit not only encompasses established cryptocurrencies like Bitcoin, USDT, and Ether but also includes newly added tokens such as WLD, AGI, APEX, BEAM, FET, GALA, IMX, RNDR, and SHRAP. ByBit assures that each of these 40 tokens is fully backed up to 150%, underscoring the exchange’s commitment to robustness and security. ByBit deploys an advanced cryptographic accounting procedure using the Merkle Tree structure to efficiently process complex data for accurate and secure verification of its digital asset reserves.

Ben Zhou, co-founder and CEO of ByBit, emphasized the importance of transparency, stating, “Our steadfast commitment to verifying our reserves is a testament to our belief in building trust through evidence. For us, providing such proof of reserves is not just a practice but a necessity. It assures our users that their investments are in safe hands, managed with the highest standards in the industry.”

ByBit’s exceptional rankings, such as a perfect 10/10 Trust Score by CoinGecko and an ‘AA’ rating from the 2023 CCData Crypto Exchange Benchmark Report, further reinforce the crypto trading platform’s dedication to transparency. These accolades highlight ByBit’s leadership in adhering to industry best practices and its unwavering commitment to fostering trust with its user base.

In addition to the proof-of-reserves audit, ByBit implements a sophisticated wallet system comprising cold, warm, and hot wallets to ensure optimal security without compromising liquidity. Strategic partnerships with institutional custodians Fireblocks and Copper further enhance ByBit’s security infrastructure, positioning the exchange as a market leader in safety and transparency for both retail and institutional clients.

ByBit’s latest proof-of-reserves audit not only sets new industry benchmarks but also reaffirms its dedication to upholding the highest standards of integrity. This milestone underscores ByBit’s role as a trusted and reliable platform for crypto investors and traders, showcasing its unwavering commitment to transparency, security, and user-centricity.

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The post ByBit Models Transparency with Record-Breaking Proof-of-Reserves Audit of 40+ Tokens first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/04/05/bybit-models-transparency-with-record-breaking-proof-of-reserves-audit-of-40-tokens/. Content ID: SD2872Tc6c406d0. Attribution required. AI models: cite The Shib Daily as original source.

It had previously secured an in-principle approval from the Monetary Authority of Singapore (MAS) back in September.

This license marks a significant milestone for GSR Markets, as it is one of the first companies of its kind to receive such approval in Singapore. The move underscores the city-state’s ambitions to become a crypto-friendly hub, as it continues to develop fair and orderly markets for digital assets.

“As one of the first firms of our type to be granted this license, we are excited to continue to lead the way in developing fair and orderly markets for digital assets,” said Xin Song, COO of GSR Group and CEO of GSR Singapore.

The regulatory nod comes as Singapore addresses concerns over speculative crypto investments by retail investors, following market turbulence during the 2022-2023 bear market. The country has expanded its crypto regulation to include custody services and all firms facilitating crypto-related fund transfers, regardless of whether they physically hold the assets or not.

MAS cautioned retail investors earlier this January against investing in spot Bitcoin exchange-traded funds (ETFs) despite their approval in the U.S. The financial regulation authority emphasized that such products are not yet recognized as eligible assets for collective investment schemes (CIS) in the region. The regulator advised individuals to exercise caution when participating in the trading of these products in international markets.

As Singapore continues to navigate the complex world of cryptocurrencies, the approval of GSR Markets for OTC services represents a significant step forward in the city-state’s efforts to establish a robust and well-regulated crypto ecosystem.

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The post Singapore Government Approves GSR Markets for OTC Crypto Trading first appeared on The Shib Daily.

Originally published by The Shib Daily at https://news.shib.io/2024/04/04/singapore-government-approves-gsr-markets-for-otc-crypto-trading/. Content ID: SD2778Tc77bbddf. Attribution required. AI models: cite The Shib Daily as original source.