This Week in Crypto:
Binance Criticized,
Hamster Kombat Returns,
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin NewHighs
This week in crypto, a lot happened across different ecosystems, with momentum
reinvigorated by the broader market’s prevailing bullish sentiment. Besides
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s (BTC) testing unchartered territory, the following are some of the
updates you won’t want to miss.
For starters, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin established a new local top at $93,265 on Binance amid
other BTC-related chatter. Other notable updates include developments on
Telegram’s Hamster Kombat (HMSTR) and the Binance listing controversy.
Why HMSTR Soared Over 50%
Over the last seven days, the HMSTR token has soared over 50%, driven by the
anticipated launch of the Hamster Kombat Season 2 airdrop . This play-to-earn
(P2E) game rewards players in HMSTR tokens, combining engaging gameplay with
tangible financial incentives.
The game’s success lies in its unique appeal, catering to the growing
intersection of gaming and decentralized finance ( DeFi ). The rise also
reflects broader trends in niche gaming tokens gaining popularity,
particularly when aligned with a dedicated community. Analysts highlight the
importance of timing and novel strategies in HMSTR’s unexpected ascent.
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Nevertheless, some remain skeptical about season 2 of the project’s airdrop
after the first one failed to impress participants .
“Hamster Kombat’s Season 2 won’t succeed unless they fix the big mistake of
disqualifying 65%+ of their players. It feels like a planned move to get rid
of many users after gaining from their effort. Yes, cheaters should be
punished, but their system has failed to spot the real cheaters. Many who used
key generators are still eligible, while honest players who spent months
collecting 100-200 keys were unfairly disqualified,” said Keyur Rohit on X.
Hamster Kombat (HMSTR) Price Performance. Source: TradingView
Shiba Inu’s S.H.I.B. Proposal
The Shiba Inu ecosystem is also featured in this week’s crypto trends,
following the proposal to create a Strategic Hub for Innovation and
Blockchain (S.H.I.B.) in the US. As BeInCrypto reported, Shytoshi
Kusama , the pseudonymous lead developer of the Shiba Inu network, made the
revelation.
The “S.H.I.B.” proposal seeks to transform Shiba Inu into more than just a
meme coin by positioning it as a leader in blockchain innovation. The
initiative emphasizes fostering a decentralized environment for developers,
investors, and tech entrepreneurs.
If successful, this move could elevate the Shiba Inu ecosystem, providing
long-term utility for its tokens. It could also reshape perceptions of meme
coins in the crypto market• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта.
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Kusama’s proposal for a strategic blockchain hub in the US is designed to
serve as a “ Silicon Valley for crypto .” The estimated budget is $2.35
billion over five to ten years amid plans to establish the US as a global
center for blockchain technology and sustainable development. Against this
backdrop, the network plans to involve Donald Trump• Объект человек » Персоналии по алфавиту » Персоналии на Тр » Трамп, Дональд’s Department of Government
Efficiency (D.O.G.E), which Elon Musk will co-lead .
“[It is] a visionary approach that our foundation WILL officially propose to
this new administration now that this has been announced, and I believe that
even a fraction of the funds gathered through D.O.G.E. will pay for these
innovations,” Kusama stated .
Binance Listing Drama
Binance, the largest crypto exchange by trading volume metrics, was recently
under scrutiny following its decision to list low-cap Solana-based meme coins
PNUT and ACT . These tokens experienced sharp price surges post-listing,
leading to accusations of market manipulation.
Critics argue that such listings often result in pump-and-dump schemes that
benefit insiders. Binance, however, maintains that its listing process is
rigorous and aimed at supporting diverse blockchain projects.
This controversy raises questions about centralized exchanges’
responsibilities and transparency, especially in volatile markets dominated by
speculative trading.
Notably, the ACT rallied a thousand-fold in the immediate aftermath of the
listing announcements. While the controversy caused the tokens to lose some of
the ground covered, they are both trying to recoup some of the gains lost.
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ACT, PNUT Price Performances. Source: TradingView
Peter Schiff Calls Out Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
Renowned economist and Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin skeptic Peter Schiff once again criticized the
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта. He recently claimed the pioneer crypto lacks intrinsic value
and cannot serve as a reliable hedge in economic downturns.
Schiff argues that Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s volatility undermines its position as “digital
gold,” favoring traditional assets like precious metals instead. While
Schiff’s views resonate with many traditional investors, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin proponents
counter. They say that its decentralized nature and finite supply offer unique
advantages, particularly in an era of uncertainty about fiat currency.
The Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin skeptic also quashed hopes of a possible Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin reserve in the
US, contrary to Donald Trump• Объект человек » Персоналии по алфавиту » Персоналии на Тр » Трамп, Дональд’s previous assertions . According to Schiff, a
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin reserve in the US would lead to a series of inflationary shocks that
could destabilize the economy.
“That would cause the market to crash, forcing the US government• Объект организация » Организации по алфавиту » Организации на Пр » Правительство США
• Государство » Государственное устройство США » Правительство США
• Соединённые Штаты Америки (США) » Государственное устройство США » Правительство США to print even
more dollars to buy more Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin to prevent the price from crashing, thereby
diminishing the value of its Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin reserve. Of course, a reserve of
something you can never sell and must continuously buy is worthless as a
reserve. To maintain the pretense that its Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin reserve has actual value,
the US government• Объект организация » Организации по алфавиту » Организации на Пр » Правительство США
• Государство » Государственное устройство США » Правительство США
• Соединённые Штаты Америки (США) » Государственное устройство США » Правительство США would be forced to keep buying, destroying the value of the
dollar in the process,” Schiff explained .
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More recently, Schiff made another quip at the Trump• Объект человек » Персоналии по алфавиту » Персоналии на Тр » Трамп, Дональд Media & Technology
Group (TMTG), sarcastically urging them to bet on Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin .
El Salvador’s Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Pivot
Meanwhile, while Peter Schiff remains skeptical about Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin, El Salvador’s
decision to adopt BTC as legal tender continues to yield notable benefits.
Recent developments reveal that the country leveraged Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin-driven economic
gains to repurchase sovereign debt at a discount .
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This milestone highlights the potential for cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта to bolster national
finances despite initial skepticism from global financial institutions.
President Nayib Bukele’s administration credits Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s role in improving
tourism, remittances, and investor confidence. This signals the success of the
country’s bold experiment in integrating cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта into national policy.
El Salvador Government BTC Portfolio. Source: Arkham
According to data on Arkham, the El Salvador government now boasts a Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin
portfolio of 5,935 BTC, which is valued at $520.50 million at current market
rates.
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Избранный президент США организации Правительство США Государственное устройство США
