Contrary to expectations, the crypto world had a turbulent week. Last Sunday, instead of a calm week, chaos began. Similar to the situation when the SEC filed a lawsuit against Coinbase and Binance at the beginning of June, a similar situation occurred when a calm week was expected.
This week, the crypto community witnessed the historic $4.3 billion fine imposed on Binance by the US. On the other hand, Sam Altman, the CEO of OpenAI (also the founder of WLD Coin), returned to his position. Due to pressure from investors and the OpenAI team for five consecutive days, the board of directors had to backtrack.
The conversations between Shytoshi Kusama, the developer of Shiba Inu, and Balaji Srinivasan, the former CTO of Coinbase, gave birth to the idea that the meme coin venture could also do something in the field of artificial intelligence. In a period where Shibarium is struggling with irrelevance, this could open the door to impressive rallies.
However, the Shiba Coin team has not been successful in achieving their goals in various popular areas. From DeFi ventures to metaverse and layer2 solutions, it would not be surprising if they now come up with an open-source chatbot. A few months ago, the news of the theft of Shibarium’s code shook the agenda.
DOGE is “going to the moon” without Elon Musk. The expression “going to the moon” used for the parabolic rise in price will now come true. It has been a long-standing topic of discussion and was expected to be done by SpaceX, but it has been postponed. However, prior to this, DHL announced that it will send a physical Dogecoin in the DHL Moonbox. A physical Bitcoin sent by BitMEX will accompany Dogecoin in the Moonbox. The package will be transported by Astrobotics’ Peregrine spacecraft.
Former Binance CEO Changpeng Zhao knew that these days would come. He went to the US for Binance to survive and make a fresh start, was prosecuted, approved the $4.36 billion fine, and bid a sad farewell. The US’s accusations against the exchange were full of KYC violations, but there were no fraud charges for unauthorized spending and mixing of customer assets. Who would have wanted to share their identity with Binance in 2017, 2018? Binance did what it believed was right for the rapid growth of global adoption and is paying the price.