Debt Deflation Warnings, Shibarium Buzz Sees SHIB Rise, Former FTX US President Talks SBF, and More — Week in Review
What a week! The crypto markets were rife with news from Shibarium buzz, to ex-presidents talking SBF and debt deflation warnings. Here’re the highlights from this action-packed week.
Debt Deflation Warning
The Bank of International Settlements (BIS) warned of debt deflation which could trigger a “weak economic bounce…followed by a prolonged period of sluggish growth and financial instability”. Yikes! Could this mean our savings won’t buy us the same level of goodies anymore? Let’s keep our fingers crossed and hope it doesn’t come to that!
Shibarium Buzz Sees SHIB Rise
The crypto market was also very excited about the recently announced Shiba Inu project, SHIB. Prices soared as high as 150X in anticipation of the governance token’s launch. SHIB is now settling in at a daily average of around 80X, but the buzz around SHIB shows no signs of slowing down.
Former FTX US President Talks SBF
The former president of FTX US, Sam Bankman-Fried, took to Twitter earlier this week to talk about SBF and other topics. He mentioned the need to “to keep up the push for total financial freedom” and the importance of standing up for what you believe in. He also discussed the importance of differentiating between those who support and those who oppose the cryptocurrency liberation movement.
What’s Next?
It’s safe to say that the cryptocurrency space moves pretty fast and it’s almost impossible to predict what’s going to happen next. All we can do is be prepared for anything and everything. After all, that’s why we love crypto!
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