Bitcoin's $10B 51% Attack Claim Sparks Debate; Chainlink Whales Stir Market; SHIB's Mysterious 107B Purchase

Bitcoin's security has been a hot topic in the crypto community, with Ethereum Foundation researcher Justin Drake claiming that a 51% attack on the network would cost around $10 billion, a sum he considers trivial for nation-states. However, prominent crypto lawyer Gabriel Shapiro and Solana cofounder Anatoly Yakovenko have both argued that 51% attacks are not a real threat to Bitcoin at its current stage of development. Yakovenko believes that Bitcoin is moving towards a hybrid proof-of-stake (PoS) model, with custodians and centralized exchanges rejecting long-range attacks against a known set of "good" miners.

Chainlink, a decentralized oracle network, has seen a significant increase in whale activity, with 1,659 daily $100K+ $LINK transactions recorded in the last 14 months. This uptick in activity has fueled expectations of a potential significant price movement, with Santiment on-chain analytics platform urging investors to keep an eye on the asset as altcoins rebound. At the time of writing, LINK is trading at $19.17, down 3.67% over the past 24 hours.

A mysterious investor withdrew 107,071 billion SHIB from ByBit, one of the largest crypto exchanges, marking the whale's first addition to their portfolio in over a year. The purchase coincided with a notable price fluctuation for SHIB, which lost as much as 40% of its value between Saturday and Monday. However, the coin saw a rebound worth 40% in the following two days. At the time of publication, SHIB is trading at $0.00001526, down 5.59% over the past 24 hours.