A roundup of the latest crypto news, including Bitcoin's potential shift to a hybrid PoS model, the spike in Chainlink whale activity, and a massive SHIB purchase by a mysterious whale.
Bitcoin is on the cusp of transitioning to a hybrid proof-of-stake (PoS) model, according to Anatoly Yakovenko, co-founder of Solana . He believes that if Bitcoin becomes part of national reserves, custodians and centralized exchanges will actively resist long-range attacks against a known set of 'good' miners. This shift in consensus mechanism comes as Bitcoin faces criticisms regarding its energy consumption and scalability.
Yakovenko's prediction suggests that Bitcoin may adopt a more sustainable and efficient model, similar to Solana's own PoS system.Meanwhile, the decentralized oracle network Chainlink has seen a surge in whale activity, with the highest recorded activity in 14 months. This surge, fueled by on-chain activity spiking below the $20 mark, has sparked speculation about a potential price movement for LINK. Data from Santiment reveals a significant increase in daily transactions exceeding $100,000 and active wallets, indicating a growing interest from large investors.In another notable development, a mysterious whale emptied ByBit, one of the largest crypto exchanges, for 131 billion SHIB, valued at approximately $2.16 million. This purchase marks the whale's first acquisition in over a year. The whale, holding the address '0x8c73,' now owns exclusively SHIB, totalling 131.4 billion tokens. This massive purchase coincided with a volatile period for SHIB, which experienced a 40% drop in value followed by a 40% rebound in the subsequent two days.
BITCOIN POS SOLANA CHAINLINK WHALE ACTIVITY SHIB BYBIT
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