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Crypto
Shiba Inu optimism revives as analyst says watch for \'dog season\'
Optimism about Shiba Inu has resurfaced, with a cryptocurrency analyst saying the token could post strong gains in the next \"dog season\" alongside Dogecoin and Floki. The analyst cited Shiba Inu\'s resilience through bear markets and what was described as market manipulation, as well as its expansion beyond a meme coin. Recent performance has been subdued, and sceptics point to weaker community engagement, Shibarium adoption, token burns and team support concerns.
Crypto
Shiba Inu early investment case resurfaces after 90 percent drop from 2021 peak
Shiba Inu (SHIB) has fallen more than 90 percent from its 2021 peak, but a reported early investment remains a standout wealth-creation example in the crypto market. A $1,000 purchase at the token’s November 2020 low would now be valued at $99.1 million, according to The Crypto Basic. Shiba Inu once hit $0.00008845 in October 2021, when the same stake would have been worth $1.56 billion.
Crypto
Aptos to invest $50 million to expand AI-based financial infrastructure
Layer 1 blockchain Aptos said on May 7 it will carry out a $50 million co-investment as part of efforts to expand artificial intelligence-based financial infrastructure. The Aptos Foundation and Aptos Labs said they will continue developing an in-house financial platform and conducting technical research. They also plan to consider investments in companies in AI and institutional-grade asset management. The investment will cover trading infrastructure and AI, spanning existing and future investment plans.