AI Regulation: Silicon Valley’s Dominant $100 Million Bid to Shape US Policy

BitcoinWorld AI Regulation: Silicon Valley’s Dominant $100 Million Bid to Shape US Policy In the rapidly evolving digital landscape, the intersection of technology, finance, and politics has never been more pronounced. For those familiar with the cryptocurrency space, the concept of influential groups leveraging financial power to shape legislation is nothing new. Now, a similar, equally potent force is emerging from Silicon Valley, focusing its formidable resources on a new frontier: artificial intelligence. This time, the stakes are not just about digital assets, but the very future of how AI technology will be developed, governed, and integrated into our lives. A massive Silicon Valley AI investment is now targeting the political arena, aiming to influence upcoming midterm elections and ultimately, the trajectory of US AI policy . Understanding the Rise of Pro-AI PACs: ‘Leading the Future’ The tech world’s increasing political engagement is perhaps best exemplified by the emergence of powerful pro-AI PACs . At the forefront of this movement is a new super-PAC network, aptly named “Leading the Future.” This formidable entity is backed by some of the biggest names in Silicon Valley, including venture capital giant Andreessen Horowitz and OpenAI President Greg Brockman. Together, these influential figures are reportedly channeling more than $100 million into this network, signaling a serious commitment to shaping the political discourse around AI. The primary objective of “Leading the Future” is clear: to advocate for favorable AI regulation . This involves a multi-pronged approach, utilizing substantial campaign donations and targeted digital advertisements to support candidates who champion an environment conducive to AI development, while opposing those perceived as likely to stifle the industry with restrictive policies. The group’s formation highlights a growing concern within the tech sector about potential governmental overreach and the desire to proactively guide legislative outcomes. Why Silicon Valley Fears Stringent AI Regulation The substantial financial commitment from Silicon Valley leaders stems from a deeply held belief that excessive or fragmented AI regulation could severely impede progress. Earlier this year, Andreessen Horowitz and OpenAI were part of a concerted effort to implement a 10-year moratorium on states’ rights to create their own AI regulations. While this proposed ban was ultimately struck down, the underlying fear persists: a “patchwork of regulations” across different states and jurisdictions. Industry leaders argue that such a fragmented regulatory landscape would create immense compliance burdens, slow down research and development, and ultimately hinder AI innovation . The stakes, in their view, extend beyond mere business convenience. There’s a widely expressed concern that a stifled domestic AI industry could put the United States at a significant disadvantage in the global technology race, particularly against economic and technological rivals like China. The argument is that agile and permissive regulatory frameworks are essential for the U.S. to maintain its competitive edge and leadership in AI development. This perspective drives much of the lobbying efforts, aiming to secure a unified and industry-friendly US AI policy . Key Concerns Driving the Pro-AI Lobby: Slowing Innovation: A primary fear is that overly prescriptive rules could stifle the rapid pace of AI development, preventing breakthroughs. Competitive Disadvantage: Leaders worry that other nations, with less stringent regulations, could outpace the U.S. in AI capabilities. Regulatory Fragmentation: A “patchwork” of state-level rules is seen as an unmanageable burden for companies operating nationally. Uncertainty: A lack of clear, consistent guidelines can deter investment and long-term planning within the AI sector. Learning from the Crypto Playbook: The Fairshake Parallel “Leading the Future” is not operating in a vacuum; it draws inspiration from successful predecessors. Specifically, the group hopes to mirror the approach of the pro-crypto super-PAC network, Fairshake. Fairshake made headlines for its significant influence in past elections, demonstrating the potent impact that well-funded, strategically deployed political action committees can have on legislative outcomes and electoral victories. The explicit mention of Fairshake, which notably helped cement a victory for Donald Trump, underscores the ambition and strategic thinking behind this new AI lobbying effort. The crypto industry’s experience with regulation has been a tumultuous one, marked by calls for clearer guidelines and fears of stifling innovation. The success of groups like Fairshake in navigating and influencing this landscape provides a compelling blueprint for AI advocates. By adopting similar tactics — large-scale campaign funding, targeted digital campaigns, and direct advocacy — pro-AI PACs aim to establish a strong, unified voice for the AI industry in Washington, D.C., and beyond. This parallel highlights a growing trend where tech sectors, once primarily focused on product development, are now investing heavily in shaping the political environment that governs their operations. Architects of Influence: Key Players and Their Vision for US AI Policy The individuals and entities behind this substantial Silicon Valley AI investment are not just wealthy donors; they are central figures in the AI and broader tech ecosystem. Andreessen Horowitz, a prominent venture capital firm, has been a long-time proponent of “techno-optimism,” advocating for minimal regulatory hurdles to allow technological progress to flourish. Their involvement signifies a deep-seated belief in the transformative power of AI and a desire to remove any perceived barriers to its advancement. Greg Brockman, President of OpenAI, represents a company at the very cutting edge of AI development. OpenAI’s work with large language models and other advanced AI systems places it directly at the heart of the regulatory debate. Their participation in “Leading the Future” underscores the industry’s need for a supportive regulatory environment to continue its groundbreaking research and deployment. The group’s efforts will generally align with the policies advocated by White House AI and crypto czar David Sacks, as reported by The Wall Street Journal, indicating a strategic alignment with certain political factions. Driving Forces Behind the Movement: Andreessen Horowitz: A venture capital powerhouse, advocating for ‘techno-optimism’ and minimal regulatory intervention to foster innovation. OpenAI’s Greg Brockman: Represents a leading AI developer, emphasizing the need for flexible AI regulation to continue rapid advancement. David Sacks: White House AI and crypto czar, whose policies are expected to align with the PAC’s objectives, suggesting potential governmental receptiveness. Potential Impacts and Ethical Considerations of Pro-AI PACs The substantial influence wielded by pro-AI PACs raises important questions about the balance between fostering AI innovation and ensuring public safety and ethical deployment. On one hand, advocates argue that a unified US AI policy , shaped by industry insights, could prevent unnecessary bureaucratic hurdles, accelerate technological progress, and ensure the U.S. remains a global leader in AI. This could lead to breakthroughs in medicine, climate science, and various other fields, ultimately benefiting society. On the other hand, critics express concerns about the potential for undue corporate influence to shape policies that might prioritize profit and rapid deployment over crucial ethical safeguards, accountability, and public interest. AI’s profound societal implications — from job displacement to privacy concerns and the potential for misuse — necessitate careful consideration and robust regulatory frameworks. The fear is that heavily funded lobbying efforts could push for lighter regulations, potentially overlooking these critical issues. Striking the right balance between encouraging innovation and establishing responsible guardrails is a complex challenge that will define the future of AI. The Road Ahead: Midterms and the Future of US AI Policy As the midterm elections approach, the impact of these pro-AI PACs will be closely watched. Their ability to sway public opinion and influence political campaigns could significantly alter the landscape of US AI policy for years to come. The strategies employed, the candidates supported, and the messages disseminated will provide crucial insights into the future direction of AI governance. For the tech industry, the goal is clear: to establish a regulatory environment that promotes growth and innovation. For policymakers and the public, the challenge is to ensure that this growth is responsible, ethical, and serves the broader interests of society. The millions being poured into these PACs are not just campaign contributions; they are an investment in a vision for the future of AI, a vision that Silicon Valley is determined to bring to fruition. Conclusion: The Dawn of a New Political Frontier The emergence of powerful pro-AI PACs , fueled by significant Silicon Valley AI investment , marks a pivotal moment in the intersection of technology and politics. As these groups strategically work to influence AI regulation and shape US AI policy , the debate between fostering rapid AI innovation and establishing necessary safeguards will intensify. The lessons learned from the crypto lobbying landscape are being applied to AI, signaling a new era where the tech industry is not just building the future, but actively campaigning for the rules that will govern it. The outcome of these efforts in upcoming elections will undoubtedly have profound and lasting implications for the development and deployment of artificial intelligence globally. To learn more about the latest AI regulation trends, explore our article on key developments shaping AI policy features. This post AI Regulation: Silicon Valley’s Dominant $100 Million Bid to Shape US Policy first appeared on BitcoinWorld and is written by Editorial Team

Read more

Elon Musk’s xAI Faces Lawsuit From Ethereum Game Platform Xai

Ethereum-based gaming platform Xai has taken Elon Musk’s AI venture xAI to court. The lawsuit accuses Musk’s company of trademark infringement, brand confusion, and reputation damage. The complaint was filed by Ex Populus, the gaming studio behind Xai. Submitted to the U.S. District Court for the Northern District of California, the lawsuit argues Musk’s firm violated Xai’s established trademark rights. Ex Populus says it launched Xai and its native token XAI in June 2023. Musk announced xAI a month later, in July 2023. That timeline, the company claims, proves its brand existed first and deserves protection. Market Confusion Grows The lawsuit says confusion skyrocketed when Musk’s company expanded into gaming. In November 2024, xAI revealed plans to launch a gaming studio, putting both firms in the same industry. Examples of mix-ups quickly followed. Users on Binance and other crypto platforms assumed Xai and xAI were the same. Some media outlets even used Xai’s official logo in stories about Musk’s firm. The problem didn’t stop there. Grok, xAI’s chatbot, reportedly told users that Xai was part of xAI. This, Ex Populus argues, cemented the false belief that both companies were connected. Reputation Damage As Drama Unfolds Ex Populus says the unwanted link hurt its image. Grok faced criticism for generating antisemitic and violent content. Some users wrongly tied those outputs to Xai. The company argues this destroyed years of trust built with gamers and partners. It calls the harm to its brand “irreparable.” The lawsuit claims Musk’s legal team tried to pressure Xai into giving up its trademark rights. Lawyers allegedly threatened to challenge or cancel Xai’s registration. But so far, the U.S. Patent and Trademark Office (USPTO) has sided with caution. Several xAI trademark applications remain suspended due to conflicts with Xai’s earlier filing. That, Ex Populus says, proves its rights came first. What XAI Wants Ex Populus wants the court to impose strict restrictions. It seeks to: Block xAI from using the name in gaming and blockchain. Cancel pending trademarks filed by Musk’s company. Award damages for financial and reputational harm. The company argues that without court action, confusion will continue as Musk pushes deeper into gaming. The legal fight comes as Xai’s token struggles. XAI hit an all-time high of $1.60 on March 11, 2024. Today, it trades 97% below that peak, according to CoinMarketCap. At press time, XAI trades at $0.04953, down 3.85% in the past 24 hours. The lawsuit adds more pressure to a token already fighting for market confidence. #Ethereum Gaming Platform Xai Takes Elon Musk’s xAI to Court in Trademark Battle. pic.twitter.com/RIVrmTWT8r — TheCryptoBasic (@thecryptobasic) August 25, 2025 The case pits a blockchain gaming startup against one of the world’s most famous entrepreneurs. If Ex Populus wins, Musk’s company could lose the right to use xAI in gaming contexts. Until then, the dispute highlights the growing overlap between AI, gaming, and crypto, and the legal battles that follow when big names collide. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !

Read more

Ethereum Price Prediction: ETH ETFs Dominate Wall Street With Flows Outpacing Bitcoin – Can ETH Overtake Bitcoin?

The Ethereum price has dropped 4% today to $4,562 , as the broader crypto market falls by 3% – though the Ethereum price prediction remains firmly bullish in the medium to long term. Despite this loss, ETH remains up by 7% in a week and by 21% in the past month, while also boasting a 65% gain in a year. Its bullish monthly performance comes as Ethereum ETF inflows significantly outstrip inflows for BTC ETFs, with ETH funds attracting $2.8bn in net flows so far in August. This is a hugely encouraging performance, and when combined with the alt’s enviable fundamentals, it suggests that Ethereum may threaten to flip Bitcoin in the long term . Ethereum Price Prediction: ETH ETFs Dominate Wall Street With Flows Outpacing Bitcoin – Can ETH Overtake Bitcoin? Summer has certainly been Ethereum’s season, and nowhere is this more apparent than with ETF inflows. Nate Geraci, the President of NovaDius Wealth Management, made this clear in a tweet over the weekend, noting that Ethereum ETF inflows are now at $8.2 billion since the beginning of July. Spot eth ETFs w/ $340mil inflows yesterday… So far in August: Spot eth ETFs = $2.8bil inflows Spot btc ETFs = $1.2bil *outflows* Since beginning of July: Spot eth ETFs = $8.2bil inflows Spot btc ETFs = $4.8bil inflows Notable recent shift. — Nate Geraci (@NateGeraci) August 23, 2025 By contrast, Bitcoin ETF inflows stand at $4.8 billion across this same period, while BTC funds have experienced $1.2 billion in outflows in August. Clearly, institutions have been focusing on Ethereum over the past couple of months, capitalizing on the fact that the altcoin had struggled to reach its then-current ATH. That said, the influx of institutional capital has now changed things substantially, given that the Ethereum price hit a new record high of $4,954 yesterday. It has since dropped by 7%, as investors take profits, yet it’s entirely arguable that the medium- and long-term momentum is on its side. If we look at its chart today, we see that it has suffered a big drop in momentum, with its indicators declining from overbought positions. For instance, its relative strength index (yellow) has gone from over 70 a week ago to just under 60 today, and it may fall lower before we see a rebound. In other words, we could witness further dips for Ethereum in the near term, although the longer-term picture still looks very bullish. After dipping close to $4,000, we can expect the Ethereum price to pass $5,000 in September , before closing the year near $10,000 . Layer-Two Network Bitcoin Hyper Raises $11.9 Million As It Prepares for Launch If some traders are concerned that Ethereum is entering overbought territory, they may wish to diversify into newer alts. This would include not only altcoins that have recently begun taking the market by storm, but also tokens that are yet to launch. One of the most exciting new alts in the market right now is Bitcoin Hyper (HYPER), a new layer-two project . The Fastest Bitcoin Layer 2 Chain. Scalability and Speed for Bitcoin are finally here. https://t.co/yzXqAckjDw pic.twitter.com/1mUqiQGtou — Bitcoin Hyper (@BTC_Hyper2) August 24, 2025 Bitcoin Hyper has raised $11.9 million in its ongoing presale, making it one of the most successful ICOs of the year. The reason for its success is that it’s in the process of launching a L2 network for Bitcoin, one which aims to tap into Bitcoin’s enormous value for DeFi purposes. As an L2, it will use Solana’s Virtual Machine (SVM) and zero-knowledge proofs, giving it an advanced level of speed and security. It will make using Bitcoin cheaper and faster, with BTC holders able to deposit BTC with Bitcoin Hyper’s smart contract and receive a corresponding amount of HYPER to use. HYPER will have a max supply of 21 billion tokens, with holders able to stake it for a passive income, in addition to trading it on the L2’s growing ecosystem of DeFi apps. Investors can join its presale and buy some now by going to the Bitcoin Hyper website . HYPER is currently selling at $0.012795, although this price will continue to rise for the duration of the sale. Click Here to Participate in the Presale The post Ethereum Price Prediction: ETH ETFs Dominate Wall Street With Flows Outpacing Bitcoin – Can ETH Overtake Bitcoin? appeared first on Cryptonews .

Read more

Critical Bitcoin (BTC) Statement from Larry Fink, CEO of BlackRock, Who Manages $11 Trillion! "Now I'm…!"

Larry Fink, CEO of BlackRock, the world's largest asset management company, made important statements about Bitcoin. Speaking in an interview on Citi's YouTube channel, Larry Fink described Bitcoin as an important hedge against currency devaluation. The famous CEO also added that he sees Bitcoin as digital gold. The BlackRock CEO admitted that he has experienced a major change from his openly critical stance on Bitcoin and cryptocurrencies, saying: “The reason you own Bitcoin is because you're afraid of your currency losing value. In the past, I viewed Bitcoin solely as a money laundering tool. However, during the COVID-19 period, I realized the power of blockchain technology. Now I too have become a believer. Bitcoin can act as digital gold, protecting assets from inflation.” The fact that one of the biggest names in global finance is supporting the role of BTC could be a significant signal for its adoption. *This is not investment advice. Continue Reading: Critical Bitcoin (BTC) Statement from Larry Fink, CEO of BlackRock, Who Manages $11 Trillion! "Now I'm…!"

Read more

Kalshi hires influencer John Wang to lead prediction marketplace's crypto push

"Crypto will be existential to Kalshi’s success just like it is for Robinhood ( HOOD ), Stripe (STRP), and Coinbase ( COIN )," 23-year-old Wang wrote in an X article.

Read more

IP Tokens: How Heritage Distilling Revolutionizes Finance with a $320M Digital Asset Strategy

BitcoinWorld IP Tokens: How Heritage Distilling Revolutionizes Finance with a $320M Digital Asset Strategy In a groundbreaking move, Heritage Distilling (Nasdaq: CASK) is making headlines, not just for its spirits, but for a bold new financial strategy involving IP tokens . The company recently announced a massive $223.8 million private placement. This significant capital infusion has enabled them to acquire over $320 million worth of IP tokens , fundamentally reshaping their balance sheet and setting a new course for growth in the digital asset space. What Exactly Did Heritage Distilling Achieve with IP Tokens? This isn’t just about raising money; it’s about strategic financial engineering. Heritage Distilling didn’t just boost its coffers; it made a series of calculated moves that demonstrate a forward-thinking approach to corporate finance. Here’s a breakdown of their impressive achievements: Massive Capital Raise: A successful private placement secured $223.8 million, showing strong investor confidence. Strategic Digital Asset Acquisition: The company acquired 53.2 million IP tokens , valued at over $320 million. This marks a significant pivot into a digital asset treasury strategy. Debt Elimination: All $19.3 million of existing debt was fully cleared. This is a huge win for financial stability. Interest Expense Savings: By eliminating debt, Heritage Distilling will save approximately $2 million annually in interest expenses, directly boosting profitability. Reduced Lease Costs: Further financial optimization led to a $550,000 annual reduction in lease costs, freeing up even more capital. These actions, as reported by Businesswire, paint a picture of a company aggressively improving its financial health and embracing innovative asset classes. Why Are IP Tokens a Game Changer for Corporate Finance? For many, the idea of a traditional company like a distillery venturing into digital assets might seem unconventional. However, the strategic acquisition of IP tokens by Heritage Distilling highlights a growing trend. These tokens, in this context, represent a new form of digital asset that can be integrated into a company’s treasury. They offer unique benefits: Yield Generation: Heritage Distilling plans to stake these IP tokens for yield. Staking involves locking up digital assets to support the operations of a blockchain network, in return for rewards, much like earning interest on traditional savings. Diversification: Adding digital assets can diversify a company’s treasury beyond traditional cash and securities, potentially offering new avenues for growth and hedging against inflation. Innovation and Modernization: Embracing tokenization positions the company as an innovator, potentially attracting a new demographic of investors and customers familiar with the digital economy. This move isn’t merely speculative; it’s a calculated decision to leverage emerging financial technologies for tangible benefits. What Does This Mean for Heritage Distilling’s Future Growth? The financial restructuring and the adoption of IP tokens have profound implications for Heritage Distilling’s future. By eliminating debt and reducing operational costs, the company has significantly improved its financial flexibility. This newfound capital and reduced burden will fuel expansion in two key areas: Core Distilling Business: With more capital available, Heritage Distilling can invest in expanding its production, marketing, and distribution networks, strengthening its position in the competitive spirits market. IP Tokenization Sector: The company is also positioning itself to grow within the broader “IP tokenization sectors.” This suggests they might explore further ventures in digital assets, perhaps even creating their own tokens or engaging in other blockchain-related initiatives. This could involve tokenizing intellectual property or other assets related to their brand. This dual-pronged growth strategy demonstrates a clear vision for both traditional business expansion and innovative digital asset integration. Unlocking Potential: The Strategic Benefits of Digital Assets The case of Heritage Distilling offers a compelling example of how established companies can harness the power of digital assets. The immediate benefits are clear: debt relief, cost savings, and new revenue streams through staking. Moreover, by stepping into the world of IP tokens , the company gains a competitive edge. They are not just participating in the future of finance; they are actively shaping it for their own benefit. This bold step could inspire other traditional businesses to explore similar opportunities, understanding that digital assets are becoming an undeniable part of the global financial landscape. The ability to free up capital and strategically deploy it in both conventional and cutting-edge sectors positions Heritage Distilling for sustained success. In conclusion, Heritage Distilling’s strategic financial maneuver, centered around a substantial investment in IP tokens , marks a pivotal moment. By clearing debt, slashing expenses, and embracing a digital asset treasury, the company has not only fortified its financial foundation but also unlocked significant potential for future growth in both its traditional distilling operations and the burgeoning tokenization economy. This innovative approach truly sets a precedent for corporate adaptation in the modern financial era. Frequently Asked Questions (FAQs) Q1: What exactly are IP tokens in the context of Heritage Distilling’s announcement? A1: In this specific announcement, IP tokens refer to a type of digital asset acquired by Heritage Distilling. While the exact nature of these tokens isn’t fully detailed in the report, they are part of a new digital asset treasury strategy and are intended to be staked for yield. This means they likely represent a stake in a blockchain network or a related digital property. Q2: How did Heritage Distilling manage to acquire $320 million in IP tokens? A2: Heritage Distilling acquired these IP tokens using proceeds from a successful $223.8 million private placement. This capital raise provided the necessary funds for their strategic digital asset investment. Q3: What are the primary financial benefits Heritage Distilling gained from this strategy? A3: The company achieved several significant financial benefits: they fully eliminated $19.3 million in debt, saving $2 million annually in interest expenses, and also reduced annual lease costs by $550,000. These actions substantially improved their profitability and financial flexibility. Q4: What does it mean to “stake IP tokens for yield”? A4: Staking is a process in the cryptocurrency world where holders lock up their digital assets (like IP tokens ) to support the operations and security of a blockchain network. In return for their participation, they earn rewards, often in the form of additional tokens, similar to earning interest on a bank deposit. Q5: How does this digital asset strategy impact Heritage Distilling’s traditional business? A5: This strategy positively impacts the traditional business by freeing up significant capital. By eliminating debt and reducing operational costs, the company has more resources to invest in expanding its core distilling operations, marketing, and distribution, ensuring growth in both sectors. If you found Heritage Distilling’s innovative leap into digital assets and financial restructuring insightful, consider sharing this article with your network! Help us spread the word about how traditional companies are embracing the future of finance and the potential of IP tokens . To learn more about the latest crypto market trends, explore our article on key developments shaping corporate crypto adoption and its future impact . This post IP Tokens: How Heritage Distilling Revolutionizes Finance with a $320M Digital Asset Strategy first appeared on BitcoinWorld and is written by Editorial Team

Read more

Chainlink May Show Early Recovery Against Bitcoin as Technical Stabilization and Exchange Outflows Align

LINK/BTC shows early recovery signs as technical stabilization, a higher low vs Bitcoin and 2.07M LINK in exchange outflows coincide with a price rebound. Strengthening RSI and falling exchange balances

Read more

Anchorage Digital Launches “Anchorage Digital Ventures” to Fund Early-Stage On-Chain Protocols — Bitcoin Custody Unicorn Once Valued at $30B

COINOTAG News (Aug. 25) cites reporting from The Block that custody specialist Anchorage Digital was valued at over $30 billion in its 2021 Series D round. In response to a

Read more

Historical Data Suggests September May Be Bitcoin’s Weakest Month, While October Often Sees Recovery

September has historically been the weakest month for Bitcoin, averaging a decline around -5.6% and a median near -4.4%; traders should view September as a higher-risk period for BTC entries

Read more

This Shiba Inu (SHIB) Metric Drops to a Multi-Month Low: More Pain Ahead?

TL;DR One Shibarium indicator has plummeted substantially, suggesting that Shiba Inu’s price may continue dropping. On the other hand, some analysts expect a major resurgence in the near future , while the RSI nears oversold levels. Headed for a Further Decline? The second-largest meme coin has been in a downtrend for the past month, and the latest correction in the crypto market has only intensified its condition. Currently, it trades at around $0.00001239 (according to CoinGecko’s data), representing a steep decline from the local peak of $0.00003086 reached in December 2024. Moreover, several key factors suggest that Shiba Inu (SHIB) may be poised for an additional pullback. The number of transactions processed on the layer-2 scaling solution Shibarium fell to almost one million on August 24, or its lowest point since the beginning of June. This showcases reduced activity on the network, which could mean low interest in the entire ecosystem. Additionally, each transaction on Shibarium involves burning SHIB, which could potentially boost the price if demand remains stable or goes up. Over the past 24 hours, the burn rate has risen by a mere 1.2%, resulting in approximately 3.7 million tokens, whose USD valuation is insignificant. The SHIB exchange netflow in the last few days supports the bearish outlook. Recently, inflows have surpassed outflows, indicating that investors are shifting from self-custody to centralized platforms, which in turn increases immediate selling pressure. SHIB Exchange Netflow, Source: CryptoQuant The Chances of Resurgence Contrary to the bearish elements outlined above, some analysts continue to project bullish scenarios for the meme coin. One popular X user claimed SHIB is still ranging inside its accumulation zone, noting that major rallies have historically followed such consolidations. The analyst set two targets, with the first being $0.00005589 and the second $0.00003296 (which would represent a 166% pump from the current levels). SHIB’s Relative Strength Index (RSI) also suggests an incoming rebound. The technical analysis tool measures the speed and magnitude of the latest price changes to help traders spot possible reversal points. Readings around and below 30 usually indicate that the asset is in an oversold zone and could be due for a resurgence, while anything above 70 is considered bearish territory. The RSI has been gradually declining in the past few days and is heading toward the bullish mark. SHIB RSI, Source: CryptoWaves The post This Shiba Inu (SHIB) Metric Drops to a Multi-Month Low: More Pain Ahead? appeared first on CryptoPotato .

Read more