Malaya Ruiz
In today’s top headlines from The Shib Daily, the spotlight is on Shiba Inu’s commitment to governance and transparency. With bullish signals indicating a positive trend for $SHIB, we also covered critical crypto updates that may influence global economic conditions. Furthermore, the latest IRS update offers crucial information for cryptocurrency investors.
Shytoshi Kusama’s Podcast & Shiba Inu Price Analysis
First things first: Shytoshi Kusama recently discussed the unique voting system of Shiba Inu, which functions more like a curated council instead of a democratic process. In their recent episode of “Meme Mania and the 36 Chambers of Tech,” they highlighted the challenges of traditional voting in crypto. This vision focuses on realistic community participation instead of expecting mass involvement. The system aims to empower committed members, which Kusama termed “shibizens,” with the Shib Paper acting as the framework for governance.
As for SHIB chart analyses, on Tuesday, crypto analyst Javon Marks posted on X about Shiba Inu’s price, forecasting a significant breakout by the end of the year. He noted that the token is maintaining its position above previous resistance levels. According to him, this indicates a strong technical base for upward movement. Marks projects a target price of $0.000081 for SHIB, and his chart outlines bullish factors and key indicators supporting this analysis.
Global Crypto News
According to Simon Gerovich, CEO of Metaplanet, Trump’s proposed Strategic Bitcoin Reserve may inspire countries like Japan to implement similar strategies. He emphasized that the Bitcoin community supported Trump and now expects him to deliver on this initiative. If the U.S. moves forward, it could prompt a global response. Additionally, Gerovich pointed out that some Middle Eastern nations have begun discreetly purchasing Bitcoin to strengthen their reserves.
Meanwhile, Syria is proposing to legalize Bitcoin and digitize its currency as part of rebuilding efforts after the Assad government’s fall. The initiative, put forth by the Syrian Center for Economic Research, aims to stabilize the economy and attract foreign investments. It plans to back the Syrian pound with Bitcoin, gold, and US dollars while promoting Bitcoin mining using local energy resources. Privacy and security will be prioritized, which will allow residents to maintain full control over their digital assets.
IRS Update
The IRS has provided temporary relief for crypto holders on centralized exchanges from a new accounting rule. Previously, investors who didn’t choose an accounting method would automatically default to FIFO (First In, First Out). The default method is delayed until December 31, 2025. This gives investors and brokers more time to consider other accounting methods.
Read more
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- Shiba Inu $1B Daily Volume Challenges Meme Coin Label, Kusama Explores Nation-State Potential
Malaya has positions in SHIB, ETH, USDT, MATIC, etc. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
