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The Shiba Inu project has unveiled a formal framework to compensate users affected by the Plasma Bridge hack. The new mechanism introduces a fully on-chain solution that converts verified claims into tradable NFTs, aiming to deliver a transparent, traceable, and enforceable process for settling outstanding balances.

“Shib Owes You” (SOU): From Promises to Smart Contracts
The initiative, called Shib Owes You (SOU), transforms earlier informal recovery efforts into a structured system powered by smart contracts. Lead developer Kaal Dhairya described the move as a shift toward clear rules, measurable claims, and fully on-chain settlement.
Affected users will receive NFTs on the Ethereum blockchain. Each token represents a specific amount owed to a particular wallet. These records are stored on-chain and securely backed up in internal databases for verification and audit purposes.

Transferable Claims and Flexible Management
SOU tokens will be transferable. Users who prefer not to wait for full repayment will be able to sell their claims on supported marketplaces once the system goes live. Holders with multiple affected wallets can merge claims into a single SOU token, while larger holders may split claims—selling a portion and keeping the remainder active.

Funding the Repayments: Tighter Oversight of Ecosystem Revenue
Repayments will be funded primarily through stricter oversight of ecosystem revenues. All projects using the Shiba Inu name will be required to allocate a share of their earnings to the SOU fund. This requirement will also apply to partner platforms and related publications.
At the same time, the ecosystem will implement rigorous cost controls. Projects that do not generate revenue will be paused or discontinued to preserve capital for user compensation. New rules will also govern licensing of Shiba Inu intellectual property, with licensing revenues flowing directly into the restitution program.

Audits, Security, and Warnings Against Fake Sites
The SOU infrastructure has already undergone a security audit by Hexens, covering minting, transfers, and claim merging and splitting. However, the platform has not yet launched and no official user interface exists. The team warns users to avoid third-party websites claiming to offer early access.

Plasma Bridge Restored With New Safeguards
The announcement follows recent technical stabilization. Plasma Bridge is back online with added protections, including a seven-day withdrawal delay and migration of critical smart contracts to hardware custody. According to the team, all reimbursements will be executed strictly on-chain using audited systems—without relying on off-chain promises or opaque processes.

Overall, the “Shib Owes You” plan emphasizes auditability, user flexibility, and a sustainable funding model for compensations across the Shiba Inu ecosystem.

#SHIB , #SHIBARMY , #CryptoNews , #blockchain , #defi

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Chainlink (LINK) is showing increasing signs of downside risk as weakening whale demand and deteriorating on-chain metrics align with multiple bearish technical patterns. The token has remained under pressure for several months, and current market conditions suggest that further losses may be possible if key support levels fail.

Persistent Downtrend Since August

Chainlink has been in a sustained downtrend since August, reflecting broader weakness across the altcoin market. At the time of writing, LINK is trading around $12.38, down 4.5% in the last 24 hours and approximately 16.6% below its monthly high. On a broader timeframe, the token has lost nearly 54% from its 2024 peak, highlighting the extent of bearish sentiment.

Whale Buying Activity Loses Momentum

On-chain data signals a notable slowdown in whale accumulation. According to Nansen, whale-held LINK balances increased from 1.77 million to 1.91 million tokens during the first half of December, suggesting short-term accumulation. However, holdings have since declined to 1.87 million, indicating that large investors have begun reducing exposure.

A decline in whale demand is often viewed as a cautionary signal, as these participants typically act as early movers in major market shifts. Reduced whale interest can dampen retail confidence and amplify selling pressure during periods of technical weakness.

Network Activity and DeFi Metrics Deteriorate

Fundamental indicators also point to softening demand within the Chainlink ecosystem. Data from DeFiLlama shows that total value locked (TVL) across Chainlink-based DeFi protocols has fallen sharply from $1.13 billion in late August to around $530 million.

Additionally, weekly protocol fees have declined by nearly 50% since September, signaling reduced network usage and lower economic activity. Together, these trends suggest a slowdown in ecosystem engagement, potentially limiting near-term upside for LINK.

Bearish Technical Structure Takes Shape

From a technical perspective, LINK is forming a descending triangle pattern on the daily chart—a structure commonly associated with bearish continuation. The pattern consists of a falling upper trendline and a flat support zone, with confirmation occurring if price breaks below horizontal support.

Currently, LINK is trading just 5% above this key support, leaving little margin for error. Historically, breakdowns from similar structures have resulted in accelerated selling pressure.

Momentum indicators reinforce the bearish outlook:

MACD remains below the zero line, signaling negative momentum.

RSI is trending downward near 42, suggesting sellers retain control while still leaving room for further downside before oversold conditions emerge.

Adding to the risk, LINK is also approaching a potential breakdown from a multi-year double-top formation, a pattern that often precedes deeper corrections when confirmed.

Key Levels to Watch

If Chainlink fails to hold the $10.1 support level, which has acted as a strong floor since mid-2024, the price could slide toward its August 2024 low near $8. Such a move would mark a significant extension of the current downtrend.

📜Outlook

With declining whale participation, weakening on-chain fundamentals, and a fragile technical structure, Chainlink faces elevated downside risk in the short term. Bulls will need to defend key support zones convincingly to avoid a deeper correction, while traders should closely monitor volume, whale flows, and confirmation of the descending triangle breakdown.

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The Bitcoin market has entered one of the most emotional phases of the year — with sentiment splitting sharply into two extreme camps. As BTC trades near $87,000, investors are debating whether this is a historic accumulation window or merely a calculated year-end shakeout before deeper downside.
1️⃣ The “Dip Buyers” — Calling It a Delayed Christmas Gift 🎁
The Fear & Greed Index has fallen to 23 – Extreme Fear, a zone historically associated with long-term value accumulation.
Market observers note that:
Institutional accumulation continues: Several U.S. strategic energy-producing states — including Texas and Pennsylvania — have been reported to quietly increase digital-asset-backed treasury reserves.
Rotation narrative emerges: With gold experiencing a sharp 5% daily decline, analysts see early signs of capital rotation toward digital assets.
Supporters of this view argue: If BTC is fundamentally projected for long-term growth, waiting until it reclaims six-figure territory may leave many sidelined.
However — conviction alone does not eliminate volatility risk.
2️⃣ The “Risk-Off Crowd” — Warning the Trap Isn’t Done ⚠️
Despite BTC holding above $87K, market depth appears thin, particularly across altcoin liquidity.
Altcoins under pressure: While Bitcoin dipped modestly, many top-cap altcoins — including ETH — recorded declines between 2% and 6%, showing capital concentration back into BTC dominance.
Macro pressure at play: Recent U.S. fiscal activity saw $16B in liquidity injections into the banking system, yet investors preparing for 2026 IRS tax rules are reportedly locking in profits — a behavior consistent with year-end tax strategy cycles.
This segment of the market believes BTC must reclaim $90,000 decisively to invalidate the risk of a further liquidity sweep.
📊 Current Market Crossroads
Bitcoin appears caught between:
Long-term structural confidence — supported by institutional positions and treasury-based digital asset models
Short-term fragility — driven by low holiday liquidity and rapid capital rotation
Whether this movement becomes a healthy market reset or evolves into a deeper sell-off, will largely depend on BTC’s ability to retest and hold above $90K in the coming sessions.
📣 Your Opinion Matters — Which Side Are You On?
👉 Vote 1: Already positioned — waiting for potential breakout in 2026
👉 Vote 2: Staying on the sidelines — capital safety first
👉 Vote 3: Exiting positions — anticipating a larger correction
💬 Share your thoughts below and join the discussion.
🔔 Follow this page to stay updated with real-time market insights.
#BTC #CryptoNews