Top Crypto News: Bitcoin's Security Debate, Chainlink Whale Activity, and Shiba Inu's Big Move

Bitcoin's Security Debate Heats Up

The crypto community on X is abuzz with discussions about Bitcoin's security. Ethereum Foundation researcher Justin Drake recently claimed that Bitcoin is "cooked," estimating a $10 billion cost for a 51% attack, a sum he believes is trivial for nation-states. However, crypto lawyer Gabriel Shapiro countered that 51% attacks are no longer a real threat for Bitcoin at its current stage. Solana cofounder Anatoly Yakovenko added that Bitcoin may adopt a "hybrid" proof-of-stake (PoS) model, suggesting custodians and exchanges would reject attacks on trusted miners if Bitcoin becomes part of national reserves.

Chainlink Sees Highest Whale Activity in 14 Months

Decentralized oracle network Chainlink has experienced a significant surge in whale activity, according to on-chain analytics platform Santiment. The platform reported 1,659 daily $100K+ LINK transactions, the highest since 2023, and 9,531 active wallets in the last four weeks. This uptick in activity has fueled speculation about a potential major price movement. Santiment urged investors to monitor Chainlink as altcoins rebound. At the time of writing, LINK is trading at $19.17, down 3.67% over the past 24 hours.

Mysterious Shiba Inu Buyer Makes Waves

A mysterious investor recently withdrew 107 billion SHIB, valued at approximately $2.16 million, from the ByBit exchange. This marks the whale's first addition to their portfolio in over a year. The address "0x8c73" now holds 131.4 billion SHIB. This large purchase coincided with significant price fluctuations, as SHIB lost 40% of its value over the weekend before rebounding 40% in the following days. Currently, SHIB is trading at $0.00001526, down 5.59% in the past 24 hours.

These developments highlight the dynamic and unpredictable nature of the crypto market, with significant movements in Bitcoin, Chainlink, and Shiba Inu making headlines.