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• Shiba Inu (SHIB) has lost the key support level maintained since January 14th, 2023 and BONE plunged 10%.
• SHIB Token team plans to release Shibarium Public Beta this week.
• 85,682,280 SHIB tokens were set ablaze in one of the largest burn transaction this year.

Shiba Inu (SHIB) Loses Key Support

The bears of the prolonged crypto winter have returned to do a number on the popular Japanese guard dog-themed cryptocurrency Shiba Inu (SHIB). As the global crypto market cap falls short of $1 trillion once again, SHIB lost a multi-month fundamental support level and added a zero to its price.

SHIB Army Fights Bear Market with Token Burn

In order to fight the bear market, the community, popularly known as the SHIB Army, contributed towards maintaining SHIB’s price by burning a desired amount of tokens on Shibburn. Today, one particularly large SHIB burn transaction has made waves on Twitter, as a whopping 85,682,280 SHIB tokens were set ablaze, breaking the record for largest burn transaction this year.

Upcoming Upgrades Ahead of Shibarium Public Beta

Caught up in the bull trap, Shiba Inu is trying to regain momentum with a few highly-anticipated upgrades. Firstly, most of the community is waiting for Shibarium Public Beta to drop this week as confirmed by SHIB Token’s developer team. Secondly, Shiba Inu’s metaverse project SHIB: The Metaverse is to be featured in next month’s SXSW Experience in Austin Texas.

Current Market Cap Overview

At press time #14 ranked memecoin SHI trades at $0.00000973 according CoinGecko and dropped 8.5% in 24 hours and 30% since last month. Meanwhile gas fee token Bone ShibaSwap (BONE) plunged 11.3% over last 24 hours and 15.2% since last month before dropping out TOP100 coins by global market capitalization currently trading at $1.55 according CoinGecko data sources .

Conclusion

It remains to seen if upcoming upgrades will be enough for Shiba Inu regaining some momentum from current bearish trend or it will remain stuck at current lows after having lost key support level despite massive token burns caused by shib army members

• Chiliz launches Chiliz Labs, a $50 million incubator and accelerator program for early-stage blockchain projects.
• Chiliz 2.0 is launching its mainnet soon and preparing to roll out the pilot system for NFT tickets in partnership with FC Barcelona.
• CHZ native token failed to reclaim the $0.15 support line in the market before dropping back down again.

Chiliz Launches Incubator Program

Chiliz (CHZ), the leading sports blockchain, has launched an incubator and accelerator program called Chiliz Labs with a total investment of $50 million USD. The program aims to provide developers with stipends if they are building early stage products on the new blockchain. This comes as Chiliz 2.0 is getting ready for its transition to mainnet this year, which will include rolling out pilot systems for NFT tickets in partnership with FC Barcelona.

Chiliz Announces NFT Ticket Pilots

In celebration of its fifth anniversary, Chiliz released an exclusive Pepper NFT collection on Layer-1 EVM-compatible blockchain that was minted on February 8th, 2023. On top of that, Chiliz has partnered with FC Barcelona since August 2022 and invested $100 million into Barca’s Web3 ventures – including launching pilot systems for NFT tickets using their Layer-1 network in the next couple of weeks.

CHZ Native Token Slumps 8.8%

Despite all of this positive news surrounding Chiliz 2.0, their native token CHZ was unable to reclaim its key resistance line of $0.15 before dropping back down again – resulting in a slump of 8.8%. At press time, CHZ trades at $0.126757 according to CoinGecko and currently ranks #72 among other cryptocurrencies by market capitalization size.

Analysts Predict Potential Rebound For CHZ

Analysts from Wolf Alpha have expressed optimism about CHZ’s potential rebound despite it barely being mentioned these days due to its lacklustre performance in recent months.. They believe that once March rolls around and more people become aware of their upcoming WEB3 Sports Blockchain launch as well as their newly announced incubator/accelerator program that it could have significant bullish implications for CHZ’s price moving forward into 2021 and beyond!

Conclusion

While there is still much uncertainty surrounding where exactly CHZ will end up trading at over the coming weeks/months due to all kinds of different factors impacting both crypto markets generally as well as just how successful Chiliz‘ various projects & initiatives turn out being – overall it appears there may be some light at the end of the tunnel after all!

• Floki (FLOKI) surged 335% in a month to enter the TOP 100 crypto coins.
• Whales on Binance Smart Chain (BSC) are accumulating FLOKI, while Shiba Inu (SHIB) is the top ETH whale.
• KuCoin and OKX have listed FLOKI against USDT & USDC, and it has reached over 44,000 holders across both blockchains.

Floki Becomes Top Traded Cryptocurrency

The emerging memecoin Floki has surged 335% in a month to enter the TOP 100 cryptocurrency coins. Whales on Binance Smart Chain (BSC) have been actively accumulating FLOKI, making it one of the top traded cryptos on the network. Meanwhile, rival canine-themed coin Shiba Inu (SHIB) leads among the largest ETH whales.

Elon Musk’s Tweet Boosts Crypto Prices

The prices for all three dog-themed tokens were boosted by Elon Musk’s announcement that the Shiba Inu mascot dog is now the new CEO of Twitter. Despite this satirical tweet from The Dogefather being beneficial for all three tokens, Floki got the most out of it as its name was visible in the contract.

Floki Gets Listed On Major Exchanges

Floki recently got accepted by two major crypto exchanges; KuCoin where it trades against USDT (Tether) & USDC (USD Coin), and OKX which offers a wider range of trading options such as savings, perpetual, and futures contracts. This helped Floki clinch its #99 spot among global market cap rankings.

Growing Popularity Among Ethereum Whales

In contrast to BNB Chain whales who favor FLOKI over SHIB, Ethereum whales remain loyal to their favorite token with SHIB still leading among them with regards to volume traded. Despite a 10% dip after KuCoin’s listing due to market correction, FLOKI is still 8% up over last 24 hours and has surpassed 440k holders across both blockchains combined – a milestone achievement for this rapidly growing memecoin!

Conclusion

With its impressive bull run and mainstream acceptance from major exchanges like Kucoin & OKX – not to mention Elon Musk’s endorsement – Floki proves itself an emerging force to be reckoned with in the world of cryptocurrency!

• Cardano (ADA) has launched the SECP Upgrade, also known as the Valentine’s upgrade.
• The upgrade is expected to increase interoperability and secure cross-chain development.
• Following its implementation, ADA has seen an immediate positive response from the community on Crypto Twitter.

Cardano (ADA) Launches SECP Upgrade

Input Output Global (IOG) announced that their Valentine’s upgrade – support for Plutus SECP cryptographic primitives – is now live on Cardano’s mainnet. The upgrade will enable developers to create secure, reliable and cost-effective cross-chain dApps using a broader range of multi-signature or threshold signature designs native to Cardano.

Positive Response From Community

The news of the launch elicited a mild positive response from the community on Crypto Twitter with no critiques voiced in response to the upgrade so far. Furthermore, following its implementation, ADA recorded an immediate 9.78% increase in price from its one-month low of $0.33 recorded on January 18th, reaching $0.39 in value on February 14th.

Increase Interoperability & Cross-Chain Development

The new cryptographic primitives enabled by the SECP upgrade are expected to increase interoperability and secure cross-chain development for developers building dApps on Cardano’s blockchain network. This could potentially result in increased usage of the blockchain network as well as higher demand for ADA tokens over time if it proves successful in securing cross-chain transactions securely and reliably at a reasonable cost.

Developer Numbers Soaring

In addition to this, developer numbers have been soaring since before the upgrade was announced indicating an increasing interest in Cardano’s ecosystem and potential applications built upon it thanks to larger adoption rates among users and developers alike.

Cross Chain Love Story?

Overall, while not yet overwhelming, there has been some mild positivity surrounding Cardano’s anticipated SECP network upgrade which is set to enable users to transact across different blockchains safely and cost effectively – potentially creating a ‘cross chain love story’ between them all!

• CoW Swap, a decentralized exchange (DEX), has suffered an exploit resulting in the hacker stealing over $180,000 worth of crypto.
• The hacker exploited a smart contract in the “solver competition” of CoW Swap.
• Though funds were stolen, CoW Swap users were not affected and the solver’s bond will pay for all damages.

CoW Swap DEX Exploit

CoW Swap, a decentralized exchange (DEX), recently experienced an exploit resulting in the theft of over $180,000 worth of crypto. Despite this loss, neither the protocol nor its users suffered any damage as a result of the attack.

Details Of The Exploit

The exploit happened after a hacker accessed a smart contract in CoW Swap’s “solvers competition”. The hacker was able to drain the settlement contract containing protocol fees and loot roughly $180,000 worth of crypto which was consolidated into two wallets containing DAI($123,000), BNB ($50,000) and ETH ($7,400).

CoW Swaps Response

Despite confirming that the exploit had occurred, CoW Swap noted that none of its users were affected and no funds were stolen from the protocol during this incident. They explained that all damages would be paid by solver’s bond which meant that their protocol did not suffer any direct loss from this attack.

How Was The Exploit Carried Out?

The hacker entered a „solver competition“ hosted by CoW swap ten days ago where external parties compete to find the best execution route for their users. By exploiting a smart contract they tricked GPv2Settlement contract to approve swapguard for DAI spending before triggering it to transfer DAI from GPv2Settlement contract.

Conclusion

This DeFi exploit highlights how vulnerable decentralised protocols can be if proper security measures are not taken into account when designing them. Though this incident resulted in significant financial losses for some people involved with CoWSwap it is reassuring to know that no user or protocol funds were lost due to this attack

• Aave (AAVE) has deployed its third version, Aave V3, on the Ethereum mainnet.
• The upgrade offers new risk mitigation features, improved capital efficiency, and decentralized liquidity.
• Aave’s governance token AAVE remained flat after the deployment of Aave V3.

The decentralized finance (DeFi) lending and borrowing platform Aave (AAVE) has just deployed the third version of its protocol, Aave V3, on the Ethereum mainnet. This is the most significant upgrade to the Aave protocol since its launch in January 2017 and offers a range of new features and improved efficiency.

Aave V3 offers users a range of new risk mitigation features, such as High-Efficiency Mode and Isolation Mode, which allow users to increase their capital efficiency when staking or borrowing, and to list more assets as collateral while keeping the security of the protocol respectively. The upgrade also focuses on gas optimization, reducing gas costs across all functions by 20-25%.

Despite the significant upgrade, Aave’s governance token AAVE remained flat after the deployment of Aave V3. It’s currently trading at $88.12. Aave’s CEO and founder Stani Kulechov commented on the upgrade, stating “The most exciting aspect of V3 is its flexible design, which enables a variety of new risk mitigation features, and its improved capital efficiency & decentralized liquidity – all while reducing gas costs.”

The deployment of Aave V3 on the Ethereum mainnet marks an important milestone for the DeFi platform, which is continuing to make waves in the crypto industry. With the new features and improved efficiency, Aave is sure to remain a major player in the DeFi space for the foreseeable future.

• Decrypt Studios hosted the inaugural Crypties Awards gala in Miami in December 2022, with nine categories and statuettes awarded.
• Katrina Wolfe accepted the Cryptie for Crypto Unicorns from presenter Avery Akkineni of Vayner3 in the Game of the Year category.
• Live events such as panels and interviews from conferences and summits were also held, including Tezos co-founder Kathleen Breitman at Web Summit in Lisbon and a panel of venture capital firms at 0xpo Summit.

On November 30, Decrypt Studios held the inaugural Crypties Awards gala in Miami, Florida. The night was sponsored by Polygon, Filecoin Foundation, Lamina1, Async, BeetsDAO, The Gold Mask, Gem Set, Breakout, Anonymous, Infinite Objects, Ape Water, Decentralized Pictures, and Vault 721. Josh Ostrovsky („The Fat Jewish“) was the night’s emcee, with presenters from a wide variety of crypto projects. Nine categories of awards were given out, with statuettes presented to the winners.

One of the most prestigious awards of the night was the Game of the Year Cryptie, which was presented to Katrina Wolfe for her work on Crypto Unicorns. The other nominees in the category were Stepn, Zed Run, and Blankos Block Party. The award was presented by Avery Akkineni of Vayner3.

In addition to the awards ceremony, a variety of live events were held during the event. These included panels and interviews from conferences and summits. At the Web Summit in Lisbon, Tezos co-founder Kathleen Breitman spoke about how the Tezos blockchain had used a proof-of-stake mechanism since its inception, her admiration for Tendermint, Ethereum and sharding, progressive decentralization, and NFT gaming. At the 0xpo Summit, a panel of venture capital firms discussed raising capital in a bear market.

The Crypties Awards was a successful and memorable event, with the night’s festivities both celebrating the achievements of the crypto community and providing a platform for furthering the industry’s invaluable conversations.

• Lisa Rubin, a blockchain attorney with Paul Hastings, spoke with Decrypt’s Jason Nelson at 0xpo Crossroads in San Francisco regarding legal misconceptions the industry still holds.
• The Crypties 2022: Highlight Reel was held in December 2022 at Art Basel in Miami.
• Kathleen Breitman, co-founder of Tezos, spoke with Decrypt’s Stephen Graves onstage at Web Summit in Lisbon, and Clay Robbins of Slow Ventures, Soona Amhaz of Volt Capital, Sarah Guo of Conviction and formerly Greylock, and Alex Strzesniewski of AngelBlock joined Decrypt’s Jason Nelson at 0xpo Summit in San Francisco for a panel on raising venture money even during Crypto Winter.

At 0xpo Crossroads in San Francisco, Decrypt’s Jason Nelson had the chance to sit down with blockchain attorney Lisa Rubin of Paul Hastings for a discussion about legal misconceptions the industry still holds. Lisa highlighted the importance of seeking legal advice before launching a crypto project, and discussed the need for regulators to work with the industry in order to create a clear, consistent legal environment. She also discussed the importance of understanding the different types of tokens and the laws that apply to each.

The Crypties 2022: Highlight Reel was held in December 2022 at Art Basel in Miami. The inaugural Crypties awards gala was emceed by Josh Ostrovsky („The Fat Jewish“) and featured presenters from a range of crypto projects. Statuettes were awarded in nine categories, with the evening being sponsored by Polygon, Filecoin Foundation, Lamina1, Async, BeetsDAO, The Gold Mask, Gem Set, Breakout, Anonymous, Infinite Objects, Ape Water, Decentralized Pictures, and Vault 721.

At Web Summit in Lisbon, Decrypt’s Stephen Graves had the opportunity to speak with Tezos co-founder Kathleen Breitman. Kathleen discussed how the Tezos blockchain has used a proof-of-stake mechanism since its inception, her admiration for Tendermint, Ethereum and sharding, progressive decentralization, and NFT gaming.

At 0xpo Summit in San Francisco, Decrypt’s Jason Nelson moderated a panel on raising venture money even during Crypto Winter. The panel featured Clay Robbins of Slow Ventures, Soona Amhaz of Volt Capital, Sarah Guo of Conviction and formerly Greylock, and Alex Strzesniewski of AngelBlock. The panelists discussed the importance of developing relationships with investors, knowing your market, understanding the changing landscape of venture capital, and the importance of having a strong team and a great product.

Overall, Decrypt’s events highlighted the need for crypto companies to seek legal advice before launch, the importance of understanding the different types of tokens and the laws that apply to each, and the need for investors to develop relationships with companies and understand the changing landscape of venture capital. Additionally, the industry’s leading figures discussed the advancements that have been made in blockchain technology, and the potential for further progress in the years ahead.