• Jeff Booth has warned of a “great depression on steroids” if the U.S. Federal Reserve keeps hiking interest rates.
• Buzz about the anticipated layer two (L2) scaling solution known as Shibarium has been the backdrop for dynamic price movements in shiba inu.
• Former FTX US president Brett Harrison has explained why he left the company and his relationship with co-founder Sam Bankman-Fried (SBF).

This week, the cryptocurrency community has been abuzz with news and developments, ranging from warnings of debt deflation to the anticipation of the Shibarium layer two (L2) scaling solution.

First, The Price of Tomorrow author Jeff Booth has warned of a “great depression on steroids” if the U.S. Federal Reserve keeps hiking interest rates. Booth believes that eventually the Fed “will be forced to pivot”, but warned that if it doesn’t, the consequences could be dire. It is likely a sign of the growing concern about the current economic system and its ability to weather the storm of inflationary pressures.

The buzz around Shibarium has been the backdrop for dynamic price movements in shiba inu. Shibarium is an anticipated L2 scaling solution for Ethereum that promises to alleviate some of the network congestion and fees that plague the Ethereum blockchain. As the release of the beta version of Shibarium draws closer, the crypto community is eagerly awaiting its arrival.

Finally, former FTX US president Brett Harrison has explained why he left the company and his relationship with co-founder Sam Bankman-Fried (SBF) of FTX infamy. In a detailed Twitter thread, Harrison shared his experience at the company and his relationship with SBF. He revealed that his “relationship with Sam Bankman-Fried and his deputies had reached a point of total deterioration, after months of disputes over management practices at FTX”. Harrison had previously worked with SBF at Jane Street and prior to joining FTX.

All in all, it has been a busy week in the crypto world. From warnings of debt deflation to the anticipation of the Shibarium scaling solution, the community is eagerly awaiting what the future holds.