Web3đMonday Buzz: Shibarium Milestone, Wallet Profiling, ZachXBT's Departure, and Minecraft's Crypto Conundrum
- Shibarium TVL for Shiba Inu surges to $1M, with scarce SHIB tokens.
- Unveiling crypto insights through Wallet Profiling.
- ZachXBT's departure ignites a surge in Memecoins.
- 'Minecraft' takes a stand against Crypto and NFTs; exception made for Worldcoin by Microsoft.
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In the dynamic realm of Web3, each day unfolds with intriguing developments and significant milestones that shape the landscape of cryptocurrencies and decentralized technologies. Let's delve deeper into these transformative moments shaping the future of decentralized technologies.
1. Shibarium TVL for Shiba Inu surpasses $1 million as scarcity of SHIB tokens increases.
Shiba Inu's Layer-2 blockchain, Shibarium, has surged with a Total Value Locked (TVL) exceeding $1 million, a milestone not reached since September. Simultaneously, the SHIB token burn rate soared by 97%, withdrawing over 17 billion tokens from circulation. Despite this reduced availability and significant withdrawals from exchanges, SHIB's price witnessed a modest 33% increase in the past month, unlike Solana-based Bonk Coin's staggering 373% surge. On-chain data indicates a bullish sentiment as investors refrain from selling, withdrawing over 8 trillion SHIB ($88 million) from known exchanges since November. Analysts suggest a potential rise to $0.0000140 if SHIB maintains support above $0.0000103.
2. Revealing deeper insights into the crypto ecosystem through wallet profiling.
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3. ZachXBT's departure from social media sparks a rise in unauthorized memecoins.
ZachXBT, a prominent crypto investigator renowned for exposing scams, temporarily deactivated his social media presence, causing a surge in memecoins falsely associating with him. Despite his explicit disavowal of launching any coin, over 180 memecoins emerged across various blockchains. Speculation surrounds his departure, with suggestions of potential harassment from projects labeled as "pump and dump." Industry figures like Adam Cochran commend ZachXBT's invaluable contributions, while others highlight his protection of retail investors. His hiatus led to concerns about exploiting his absence for scams. Although ZachXBT's account reappeared without updates, the frenzy of memecoins attempting to capitalize on his reputation continues, with significant price surges reported on Solana.
4. 'Minecraft' takes a stand against crypto and NFTs, while Microsoft confirms Worldcoin integration is permissible.
Minecraft and its parent company Microsoft prohibited crypto and NFT integrations within the game, aiming to ensure a secure, inclusive gaming environment. However, Worldcoin, known for its unique "Orb" technology tracking IrisCodes on its blockchain, surprised many by announcing a Minecraft integration. Worldcoin's World ID, a verification credential, aims to authenticate players on servers, deterring bots and enhancing safety. Despite Minecraft's strict stance against blockchain tech, the World ID integration appears unofficial. Minecraft's guidelines potentially allow Worldcoin's integration if complying with their end-user license agreement (EULA), emphasizing a distinction between the World ID and WLD token. This separation might enable Worldcoin to bypass Minecraft's blockchain restrictions while utilizing the World ID functionality.
Andrew Hayward
In the dynamic realm of Web3, today's highlights vividly depict the evolving landscape of decentralized technologies. As Shibarium achieves monumental TVL milestones and insights into the crypto ecosystem deepen through Wallet Profiling, the community experiences both innovation and volatility. ZachXBT's departure stirred unprecedented memecoin surges, showcasing the power of influential figures in shaping trends. 'Minecraft's firm stance against crypto and NFTs contrasts with Microsoft's exception for Worldcoin, signaling a complex interplay between regulation and adoption. These highlights illuminate the continuous evolution within Web3, leaving us eagerly anticipating the next chapter in this captivating journey of decentralized innovation and transformation.
