A whale that has suffered huge losses several times shorted ASTER again, with the liquidation price at $2.68

The post Shibarium May No Longer Turbocharge Shiba Inu Price Rally, Here’s Reason appeared on BitcoinEthereumNews.com. Shibarium, the layer-2 blockchain of the Shiba Inu (SHIB) ecosystem, is battling to stay active. Shibarium has slipped from hitting transaction milestones to struggling to record any transactions on its platform, a development that could severely impact SHIB. Shibarium transactions crash from millions to near zero As per Shibariumscan data, the total daily transactions on Shibarium as of Sept. 16 stood at 11,600. This volume of transactions reflects how low the transaction count has dropped for the L2, whose daily average ranged between 3.5 million and 4 million last month. However, in the last week of August, daily transaction volume on Shibarium lost momentum, slipping from 1.3 million to 9,590 as of Aug. 28. This pattern has lingered for much of September, with the highest peak so far being on Sept. 5, when it posted 1.26 million transactions. The low user engagement has greatly affected the transaction count in recent days. In addition, the security breach over the weekend by malicious attackers on Shibarium has probably worsened issues. Although developer Kaal Dhairya reassured the community that the attack to steal millions of BONE tokens was successfully prevented, users’ confidence appears shaken. This has also impacted the price outlook for Shiba Inu, the ecosystem’s native token. Following reports of the malicious attack on Shibarium, SHIB dipped immediately into the red zone. Unlike on previous occasions where investors accumulated on the dip, market participants did not flock to Shiba Inu. Shiba Inu price struggles, can burn mechanism help? With the current near-zero crash in transaction volume for Shibarium, SHIB’s price cannot depend on it to support a rally. It might take a while to rebuild user confidence and for transactions to pick up again. In the meantime, Shiba Inu might have to rely on other means to boost prices from its low levels. This…

Kazakhstan pilots Evo, a tenge-pegged stablecoin on Solana with Mastercard, aiming to modernize finance and boost global interoperability. Kazakhstan has introduced its first stablecoin project, marking a major step in the nation’s financial digitalization. The new token is called Evo (KZTE), and it is pegged one-to-one to the national currency, the tenge. It is jointly […] The post Kazakhstan Pilots Tenge-Pegged Stablecoin with Solana and Mastercard appeared first on Live Bitcoin News.

TLDR Tether is in discussions to raise between $15 billion and $20 billion. The company aims for a valuation of approximately $500 billion. If successful, Tether will rank among the world’s most valuable private firms. Tether intends to offer new equity instead of selling existing stakes. Cantor Fitzgerald is advising on the potential deal with [...] The post Tether Seeks $500 Billion Valuation, Aims to Join Top Private Firms appeared first on Blockonomi.