The Federal Bureau of Prison has moved Sam Bankman Fried, the former FTX CEO to a Southern-California prison which is known for brutalism and violence.
According to a BOP inmate locator, he is now being held at a medium security facility in Victorville, as of Wednesday. Before the transfer, Fried spent two weeks at an Oklahoma Transfer Center. He spent over 18 months at the Metropolitan Detention Center (MDC) in Brooklyn, N.Y.
There is a significant level of violence at FCI Victorville Medium II prison where fights are regular, and stabbings are not uncommon. The facility currently holds over 1,400 inmates which has witnessed serious incidents including a 2013 inmate murder, stabbing of warden in 2017 and multiple assaults on guards.
Notably, the medium security prisons have a low quality of life even when compared to lower security prisons. The West Coast prisons are often dominated by gang activity and intense prison politics than that at east-coast or mid Atlantic facilities, as per a federal prison consultant Christopher Zoukis.
As per a webpage from Christopher Zhouki’s consulting firm, Victorville, known as ‘Victimville’ in some communities is known for being highly political and racially divided. Inmates are required to be part of a racially-oriented car to stay. One inmate even said that a car is required for personal safety. In prison slang, a “car” refers to a group of inmates, usually from the same race or area, who stay together for safety and support.
Fried was sentenced to 25 years in November 2023 for defrauding users, which was considered to be one of the biggest financial crimes in the US in about 250 years. He was convicted on seven counts of fraud and conspiracy, although he still claims that he is not a criminal and plans to appeal. He will also have access to a digital law library, recreational activities like basketball and football, leather working, art and also includes courses in Microsoft 2010.
Payment giant PayPal has announced the addition of Chainlink (LINK) and Solana (SOL) to its cryptocurrency offerings. As the payment behemoth increases its crypto footprint, PayPal and Venmo users can buy, sell, and hold LINK and SOL in their accounts.
PayPal Expands Crypto Offering With SOL and LINK
According to an official press release, PayPal has announced the expansion of its suite of cryptocurrencies with two new tokens. The payment giant confirmed the addition of Chainlink and Solana to its offerings, signaling increased confidence in Web 3 solutions.
Per the statement, the offering will extend beyond PayPal and include its subsidiary Venmo. Users of Venmo and PayPal in the US will be able to purchase, hold, transfer, and sell both SOL and LINK with their accounts.
May Zabaneh, Paypal’s VP for Digital Currencies revealed that expanding its cryptocurrency offerings was an obvious choice for the company. Zabaneh disclosed that feedback from users confirmed the need to allow consumers to interact with SOL and LINK.
“Offering more tokens on PayPal and Venmo provides users with greater flexibility, choice, and access to digital currencies,” said Zabaneh.
With the addition of SOL and LINK, PayPal supports seven cryptocurrencies on its platform. The firm waded into cryptocurrencies back in 2020 starting with Bitcoin (BTC) and Ethereum (ETH) offerings for consumers. Early successes saw it expand to Litecoin (LTC) and Bitcoin Cash (BCH) before launching its stablecoin PayPal USD(PYUSD).
Institutional adoption for SOL is rising with Polymarket integrating Solana by enabling SOL deposits. Chainlink is riding its wave of partnerships and integrations with institutional and enterprise utility at the core.
Why Did The Payment Giant Choose SOL and LINK?
PayPal’s decision to expand to SOL and LINK flows from their inherent capabilities and massive adoption figures. According to the statement, PayPal sees Chainlink as a key player in cross-chain interoperability while describing Solana as a “leading blockchain platform.”
Both SOL and LINK are in the top 11 cryptocurrencies by market capitalization with a combined valuation of over $80 billion. Chainlink’s ADGM partnership to build tokenization frameworks in the UAE is the latest high-profile play for the Web 3 infrastructure platform.
Furthermore, the company says the decision underscores the company’s cryptocurrency-facing ambitions in recent years. PYUSD has its sights on challenging USDT and USDC dominance with PayPal neck-deep in cryptocurrencies.
“The addition of LINK and SOL reflects the company’s dedication to the evolving digital currency landscape and fostering greater accessibility and engagement in the cryptocurrency market,” read the statement.
Apart from PayPal and Polymarket, BlackRock’s BUIDL has launched on Solana in a strong case for institutional adoption. Both SOL and LINK have reacted positively to the announcement, rising 5.42% and 1.37 respectively.
Shiba Inu price saw a massive price increase in 2021 when Vitalik Buterin burned 410 trillion SHIB tokens sent to him by developers. This burn process led to SHIB erasing three zeros from its price within a short time. Since then, the SHIB community has been conducting regulator SHIB burns and increasing utility in an attempt to push Shiba Inu price to $0.01. In this article, we explore why SHIB price may never rally to $0.01.
At press time, Shiba Inu price trades at $0.0000135 after a 3.5% rise in 24 hours.
Why Shiba Inu Price Will Never Hit $0.01
Shiba Inu price faces several obstacles in its path towards $0.01. As these factors continue to weigh on the price, SHIB may continue to record an underwhelming performance.
Shiba Inu’s Massive Supply of 589T Tokens
One of the reasons why SHIB price may never reach $0.01 is the massive circulating supply of 589 billion tokens. For SHIB to reach $0.01 with this supply, its market capitalization would reach $5.89 trillion.
For context, the total supply of the crypto market is around $3 trillion. Therefore, for SHIB to reach $0.01, it would have to outperform Bitcoin, Ethereum, and the entire market. This is currently unlikely to happen in the near term due to a lack of institutional interest that shows a bearish Shiba Inu price forecast.
A Slow SHIB Burn Process
The other reason why the Shiba Inu price will never reach $0.01 is the slow SHIB burn process. The Shiba Inu community has been conducting regular token burning to reduce the supply. Recently the Shiba Inu burn rate soared by 5,000%, but the supply remained significantly high.
Data from Shibburn shows that the burn rate is dropping again. This lack of a sustained surge in the burn rate will keep Shiba Inu’s supply elevated and prevent it from reaching $0.01.
SHIB Burn Rate
Lack of retail and institutional interest
Shiba Inu price may also fail to rally to $0.01 due to a lack of institutional interest. Despite being the second-largest meme coin after Dogecoin, Shiba Inu has yet to get a spot ETF filing. This may hinder significant price gains.
Additionally, new meme coins are getting much retail interest compared to Shiba Inu. As traders flock to new meme coins for quick gains, it diminishes SHIB chances of reaching $0.01.
Shiba Inu Price Analysis
Shiba Inu price is under bearish pressure despite its recent gains. The meme coin is trading within a falling parallel channel, indicating that bearish trends are prevalent. This could trigger further losses.
The RSI has been fluctuating below 50 for the past month indicating a lack of buyer interest. The ADX is also rising, which also shows that the bearish momentum shown in the falling wedge pattern is gaining strength.
If these bearish trends continue and the SHIB price loses support at $0.0000128, it could push the prices lower, possibly to the $0.000009 level.
SHIB/USDT: 4-hour Chart
SHIB’s technical outlook shows a bearish picture that may affect its short-term price outlook. Additionally, the slow burn rate, vast supply, and lack of demand make it unlikely for SHIB to reach $0.01 in the long term.
Dogecoin (DOGE) has had its fair share of ups and downs in the market. With Dogecoin still struggling around the $0.20 mark, many are left wondering if the $2 dream is still achievable. As the original meme coin struggles to reclaim its former glory, JetBolt (JBOLT) is quietly taking over the spotlight. With its unique features gaining remarkable traction, JetBolt’s groundbreaking innovations are becoming the talk of the crypto world.
While Dogecoin attempts to regain its footing, the question remains—is Dogecoin’s $2 dream still alive? Or is it time for a new contender like JetBolt to take the market center stage? Let’s dive into Dogecoin’s latest price predictions, explore whether DOGE at $2 is realistic, and discuss the young crypto disruptor that shows no signs of stopping.
Dogecoin’s Future Path and the Hurdles: Is $2 Realistic for DOGE in 2025?
With its price lingering currently at $0.2155, far from its all-time high of $0.7376, the powerhouse meme coin Dogecoin (DOGE) has faced notable challenges in recent months. Even after a modest 9.33% increase in the last 24 hours, DOGE has struggled to maintain momentum enough to recover from an 18.93% decline over the past month.
Additionally, Dogecoin’s technical outlook is mixed, with crypto analysts noting that DOGE must hold above the $0.20 support level to avoid further losses. While some predict a slow recovery, with price targets of $0.50 to $0.82 by year-end, $2 seems increasingly unlikely—at least for now.
Furthermore, recent market conditions and macroeconomic factors, including inflation and liquidity constraints, have added to the pioneer meme coin’s challenges. Moreover, as whales continue to accumulate DOGE tokens, the overall market sentiment remains cautious, with many questioning whether the hype surrounding Dogecoin can drive it to new heights.
In recent news, Charles Hoskinson, the founder of Cardano, recently proposed a collaboration with Elon Musk to make Dogecoin the currency of X. If this ambitious partnership comes to fruition, it could dramatically impact Dogecoin’s future, possibly giving DOGE the boost it needs to reach new heights and solidify its place in the mainstream financial ecosystem.
Charles Hoskinson, Cardano founder, proposes to Elon Musk making Dogecoin the currency of X in an exciting post on X; posted by dogegod (@_dogegod_) on X
As 2025 progresses, the real question remains: Can Dogecoin break out of its slump, or is the $2 target simply out of reach? While Dogecoin’s journey to $2 seems increasingly uncertain, its future remains tied to market sentiment and the strength of its community. On the other hand, JetBolt (JBOLT) is forging new ground with its groundbreaking presale, reeling in crypto whales with its zero-gas technology.
JetBolt (JBOLT): The Zero-Gas Revolution That’s Disrupting older gen coins like DOGE
JetBolt (JBOLT) is an explosive force, racing ahead during its presale like a rocket fueled by innovation. With over 340 million JBOLT tokens already snapped up, this rising crypto superstar appears as a seismic shift in the blockchain space.
JetBolt’s zero-gas technology is eliminating the dreaded gas fees that have long plagued the crypto world while being powered by the Skale Network. On top of making transactions gas-free, this innovative technology is also creating a new frontier for developers.
But here’s where it gets even more exciting—JetBolt’s easy-to-earn staking mechanism is designed to make engagement as simple as a few clicks even for crypto beginners, thanks to its sleek Web3 wallet. What’s more, JetBolt takes a detour from the usual rewards earned just through staking tokens. Stakers also earn from actively engaging within JetBolt’s platform—transforming interactions into exciting crypto rewards.
On top of that, JetBolt’s AI-powered crypto tool aggregates blockchain news in a high-tech and entertaining feed, directly into the JetBolt platform.
As JetBolt skyrockets, its traction is increasing. The Alpha Boxes are a game-changer, granting up to 25% more JBOLT tokens on batch token purchase—perfect for supercharging token holdings right from the start. With daily price increases and an operational ecosystem already in place, JetBolt’s presale continues to fuel crypto whale and buyer excitement in the altcoins realm.
Final Take: Dogecoin’s $2 Dream Faces Hurdles as Cardano’s founder teases the idea of collaborating on making DOGE the currency of the X social media platform.
As Dogecoin (DOGE) struggles to maintain momentum above $0.20, its $2 dream seems further out of reach. Meanwhile, JetBolt’s (JBOLT) presale continues to captivate whale interest, with its zero-gas technology and growing ecosystem showcasing distinct innovation in today’s market. While Dogecoin’s future remains uncertain, JetBolt’s unmistakable momentum could signal a new era for the crypto space—one where users gravitate towards new technologies and younger names.
Discover more of JetBolt’s game-changing features at
Note that this content is not trading or financial advice. Remember, any and all cryptocurrencies are unpredictable, with market conditions changing without any notice. Don’t forget to do your own research before engaging with any crypto. Proceed with utmost caution and awareness of the risks—crypto’s volatile ride is not for everyone.
The post Dogecoin Price Prediction: Is DOGE at $2 Realistic as Cardano’s founder discusses making Dogecoin the currency of X (Twitter) appeared first on Coinpedia Fintech News
Dogecoin (DOGE) has had its fair share of ups and downs in the market. With Dogecoin still struggling around the $0.20 mark, many are left wondering if the $2 dream is still achievable. As the original meme coin struggles to reclaim its former glory, JetBolt (JBOLT) is quietly taking over the spotlight. With its unique …
