Are Dogecoin And Shiba Inu Due A Bounce? This Trader Sees ‘Bull Flag’ Forming For One Coin

Dogecoin DOGE/USD and Shiba Inu SHIB/USD have experienced a turbulent month, but traders remain optimistic about their future prospects.

What Happened: Renowned chart analyst Ali Martinez has predicted a bullish breakout for Shiba Inu, highlighting the formation of a bull flag on its daily chart. Martinez is placing buy orders around $0.000018343, anticipating a potential surge in Shiba Inu’s value to $0.000072323.

Meanwhile, crypto trader YG Crypto analyzed Dogecoin’s recent performance, which saw a dramatic 40% price drop after reaching $0.228.

Despite the sharp decline, Dogecoin is still trading above the crucial support level of $0.112-$0.123, which previously prevented a…

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Vitalik Buterin talks ways to make zk proofs more efficient

Vitalik Buterin, the co-founder of Ethereum, has released a new blog post discussing a new cryptographic proving system that can make zero-knowledge proofs more efficient.

The proving system, called Binius, is designed to operate directly over binary code on computers. Binary code is a language understood by computers, and it is used to store information and represents data using the symbols zero and one, otherwise known as bits. 

Although there are some similarities between STARKs and Binius, Buterin explains that the mathematical tricks that enable these different proving systems are very different. 

Generally speaking, STARKs is a technology that has enabled complicated statements…

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LATEST: Senator Lummis Defends Bitcoin in Response to DOJ’s Regulatory Stance

Senator Cynthia Lummis took to X (formerly Twitter) to criticize the Biden administration’s recent policy direction, which she believes undermines the core principles of Bitcoin and decentralized finance. Expressing her deep concern, Lummis highlighted the Department of Justice’s (DOJ) view that non-custodial software may constitute a money transmission service, a position that she argues contradicts established Treasury guidelines and violates basic legal principles. She emphasized that such interpretations threaten fundamental property rights, including the freedom to self-custody digital assets and independently manage network nodes. Lummis pledged to stand up for these essential rights, reaffirming her support for individuals’ ability to hold their own keys and operate their own nodes without undue government interference. In her view, protecting these rights is critical to upholding the values of freedom and decentralization that Bitcoin represents.

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Fed holds interest rates, markets hardly react 

In a highly anticipated move, the Federal Reserve chose to hold interest rates at their existing level on Wednesday following the Federal Open Market Committee two-day policy meeting. 

The rate hike pause marks the central bank’s sixth since consecutively raising interest rates from March 2022 to July 2023. Persistent inflation and a healthy labor market contributed to central bankers’ decision to hold rates, they said. 

“In considering any adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the balance of risks,” Wednesday’s statement read. “The Committee does not expect it will be…

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