Another week ends with notable events witnessed across the crypto world. Among these events, the Shiba Inu, World Coin, and Terra Chronicles seem to have piqued the interest of crypto market enthusiasts around the world.
Here are some of the major headlines that resonated within the broader crypto market this week:
Shiba Inu promotes optimism
Shiba Inu, a prominent meme coin, has made important developments within its ecosystem this week, marking a number of breakthroughs. His SHEboshi, a DN404 test token, made its debut this week and its stock price depleted shortly after its launch.
Interestingly, the Shiba cryptocurrency community readjusted the supply of Sheboshis just before the launch, increasing it from 12,000 to 20,000. However, the DN404 test token was so popular that it quickly ran out of stock.
Meanwhile, the meme coin has given itself some bullish vibes this week as the community continued to burn huge amounts of SHIB.
world coin rockets
Worldcoin, Sam Altman’s AI/crypto fusion project, recorded a near 200% price jump this week. A number of factors appear to be supporting WLD price growth, including a surge in whale accumulation and increased project adoption.
Meanwhile, Alameda's WLD holdings created additional inferences about potential price movement. Speculation about Alameda's WLD sale has arisen as WLD prices have risen tremendously this week.
Also read: JP Morgan predicts Bitcoin halving is already priced in, will there be a major correction in the future?
Terra's progress
This week, the Terra Classic community proposed an important step to increase the minimum initial deposit for new proposals during the deposit stage. This is done as a measure to prevent the proliferation of spam suggestions in the deposit voting section.
At the same time, the bill mentioned above, Proposition 12071, “Set the minimum initial deposit amount to 1 million LUNC,” was officially passed this week with an 89% yes vote.
Meanwhile, amid news of Terraform Labs co-founder Do Kwon's extradition, courts have set pre-trial deadlines and other procedures that have resulted in Terraform Labs co-founder Do Kwon and U.S. The battle with the Exchange Commission (SEC) has entered a new phase.
The Terra Classic community also saw the possibility of rejection of the Tax2Gas proposal, with 48% rejecting the proposal and 23% supporting it. This further stimulated the interest of cryptocurrency market enthusiasts around the world.
Also read: Former Ripple director denies XRP ETF speculation, corrects important facts
