# The Shib Daily > Industry Insights | Meme Cultured | Edge Uncovered ## Posts - [Crypto FOMO Reaches Climax: Jeff Bezos Reportedly Offloads $8.5B In Amazon Stocks For Bitcoin](https://news.shib.io/2024/03/01/crypto-fomo-reaches-climax-jeff-bezos-reportedly-offloads-8-5b-in-amazon-stocks-for-bitcoin/): Jeff Bezos, the visionary founder and former president and CEO of Amazon, has ignited a flurry of excitement in the cryptocurrency realm this week. Speculation abounds as rumors suggest that the influential entrepreneur hasn’t merely dabbled in the burgeoning world of digital assets but has taken a decisive leap with a billion-dollar investment in Bitcoin. While Amazon has long been rumored to explore various ventures in the cryptocurrency sphere, such as Non-Fungible Tokens (NFTs) and blockchain technology, this marks the first instance where Bezos himself is directly linked to the industry. Reports indicate that he may have even liquidated a - [Crypto Market Regains Footing After Coinbase Outage](https://news.shib.io/2024/03/01/crypto-market-regains-footing-after-coinbase-outage/): The cryptocurrency market faced significant volatility Wednesday as several major exchanges including Coinbase, Robinhood, and Kraken experienced service interruptions. This coincided with a surge in the price of Bitcoin, which reached nearly $64,000 before seeing a sharp drop. Coinbase Outage Causes Temporary Panic A technical issue on Coinbase, one of the world’s largest crypto exchanges, led to a temporary display of zero account balances for users. This triggered panic selling, driving the price of Bitcoin down from $64,000 to $59,000 within a 15-minute window, according to The Kobeissi Letter. The fall represented a nearly 9% drop in market value and - [Crypto Super PAC Close To Knocking Out Progressive Katie Porter From Senate Race](https://news.shib.io/2024/03/01/crypto-super-pac-could-be-close-to-knocking-out-progressive-katie-porter-from-senate-race/): The gloves are off. The crypto industry is finally moving on politicians who have been trying to stifle its growth and vision. One such battle is between crypto industry-backed Super PAC Fairshake and prominent anti-crypto pol Rep. Katie Porter, D-Calif. Porter is a progressive and is already in a tough primary battle with Rep. Adam Schiff, D-Calif., the current favorite; Rep. Barbara Lee, D-Calif.; and Republican Steve Garvey. But California has an open primary system, which will see the top two finishers on March 5 advance to the general election in November. This is where it gets interesting – and - [#SHIBACALS Collection Second Edition](https://news.shib.io/2024/03/01/shibacalls-shibarmystrong/): Our dedicated Shib Team is partnering with expert manufacturers to introduce a diverse range of physical goods including exclusive fashion, high quality toys, travel must-haves and more. - [SHIBA 2023: TEH TLDR](https://news.shib.io/2024/03/01/shiba-2023-teh-tldr/): A full recap of all the events that happened around Shiba Inu in 2023 - [Do Kwon Extradition Snag: SEC Trial Presses On Without CEO's Presence](https://news.shib.io/2024/02/29/kwons-extradition-snag-sec-trial-presses-on-without-ceos-presence/): In February, a pivotal ruling by a Montenegrin court decreed that Do Kwon, the embattled CEO and co-founder of Terraform Labs (TFL), would be extradited to the United States rather than his homeland, South Korea, to face allegations of fraud. Following this judicial ruling, Kwon’s legal team notified a U.S. court that he would be unable to attend the initial hearings of the SEC trial. In a recently submitted document to the court, which served as a status update and not a request for a postponement of the proceedings, Kwon’s legal team explicitly stated that the trial could proceed as - [From Crypto Royalty to Fraudster: SBF Pleas For 6-Year Prison Term After Proposed ‘Grotesque’ 100-Year Sentence](https://news.shib.io/2024/02/29/from-crypto-royalty-to-fraudster-sbf-pleas-for-6-year-prison-term-after-proposed-grotesque-100-year-sentence/): AI image/DALL-E - [In A Strife-Torn World, Bitcoin Is More Trusted Than The US Dollar](https://news.shib.io/2024/02/29/in-a-strife-torn-world-bitcoin-is-more-trusted-than-the-us-dollar/): In a seismic shift within the financial landscape, Bitcoin has ascended to all-time high (ATH) valuations in fourteen countries, collectively representing over one billion people and surpassing $7 trillion in gross domestic product (GDP)–signaling a widespread acceptance and confidence in the cryptocurrency across various economies around the globe. Despite this international bullish trend, the United States stands out as a significant outlier, with BTC yet to surpass its peak prices. Insights shared by former Coinbase Chief Technology Officer Balaji Srinivasan revealed countries that saw Bitcoin hitting a new all-time high price have diverse economic backgrounds. Among these are Argentina, Burundi, - [Bitcoin Shatters $63K Barrier After 2-Year Hiatus; Matrixport Gloomy Warning Casts Shadow](https://news.shib.io/2024/02/29/bitcoin-shatters-63k-barrier-after-2-year-hiatus-matrixport-gloomy-warning-casts-shadow/): Late Tuesday evening, the cryptocurrency market was abuzz with optimism as Bitcoin, the world’s first crypto asset, soared beyond the pivotal $63,000 mark for the first time since November 2021. This remarkable surge, however, was met with a note of caution from Matrixport’s co-founder, who introduced a layer of uncertainty to the otherwise bullish momentum, suggesting a degree of uncertainty in the market’s outlook. In the hours following its ascent past the $61,000 threshold, BTC’s momentum didn’t wane, climbing to a high of $63,000 by early Wednesday morning. This movement marked an impressive 11.48% increase within the day, culminating in - [Shib LSD](https://news.shib.io/2024/02/20/shib-lsd/) - [Slava Shiba!](https://news.shib.io/2024/02/15/slava-shiba/) - [WEN $SHIB ETF?](https://news.shib.io/2024/02/12/wen-shib-etf/): An overview of the Shib CoOp project (its genesis, present, and future), the 5 biggest crypto & data hacks of all time, and a good ol’ investigation about upcoming digital IDs. - [It's Time to Duel!](https://news.shib.io/2024/01/09/its-time-to-duel/): In regard to the earthquake in Japan and its victims, the #Shibarmy must come together and lend a helping hand. - [Shiba 2023: Teh TLDR](https://news.shib.io/2024/01/02/shiba-2023-teh-tldr-2/): A full recap of all the events that happened around Shiba Inu in 2023, a presentation of the upcoming Shibacals drop, a community story from a long-time Shib Army member and Discord moderator that describes his coming-of-age Shiba tale, and finally, a world premiere for The Shib this week as we introduce a Shib cartoon created by a member of the #ShibArmy. - [The First Shiba Inu-Themed Store](https://news.shib.io/2017/11/26/were-not-a-one-to-saddle-up-and-run-bonanza/): Not only that, but Welly is all set to introduce an exciting new brand called “Welly Fresh,” which is dedicated to providing smart and speedy catering options. - [Shibarium Expands Reach As Global Exchange Embraces SHIB's L2 Integration](https://news.shib.io/2024/03/23/shibarium-expands-reach-as-global-exchange-embraces-shibs-l2-integration/): A global centralized cryptocurrency exchange has unveiled a strategic integration of Shibarium into its platform, marking a significant milestone for Shiba Inu’s Layer-2 blockchain. This pivotal move not only amplifies the market presence of Shibarium but also signifies a transformative shift towards enhanced accessibility and innovation within the centralized exchange (CEX) ecosystem. BlueBitIO, an innovative trading and globally based Centralized Exchange (CEX) platform announced on Friday its collaboration with the Shiba ecosystem through the integration of Shibarium. “We’re thrilled to announce an exciting collaboration between Sparrows and the SHIB community! BlueBit has successfully integrated Shibarium, and we hope this partnership - [Shibarium Sets the Bar Higher: New Record TVL Unlocks Milestone Achievement](https://news.shib.io/2024/03/23/shibarium-sets-the-bar-higher-new-record-tvl-unlocks-milestone-achievement/): Shibarium has propelled itself to the forefront of the blockchain community by establishing a new record in Total Value Locked (TVL), achieving heights never before seen. This monumental accomplishment highlights the growing investor trust and excitement enveloping its innovative decentralized finance (DeFi) initiatives, marking a remarkable leaf forward heralded by growth and promising potential. A few weeks ago, in what seemed like a feat of prowess, Shibarium triumphantly crossed a significant threshold, processing a staggering 412 million transactions. Notably, over the past few days, it has witnessed a remarkable influx of 3.7 million transfers. This remarkable stride coincided with Ethereum’s - [Epic Shibarium Sunday: Unlock Your Share of Free NFTs at the Ultimate Giveaway Event!](https://news.shib.io/2024/03/23/epic-shibarium-sunday-unlock-your-share-of-free-nfts-at-the-ultimate-giveaway-event/): This Sunday, the X Spaces is poised to pulsate with energy as it hosts the eagerly awaited Shibarium party – dubbed the Ultimate Giveaway Event. This landmark occasion is set to usher in an unparalleled confluence of innovative minds and golden opportunities.  In an exciting announcement, Shibarium Tech’s marketing specialist who uses the X handle, @LucieSHIB, took to Twitter to update her impressive following of nearly 125,000 enthusiasts. With a tweet that quickly captured the imagination of the Shib Army and the broader crypto industry, Lucie hinted at a landmark occasion, offering attendees an exclusive opportunity to hear the latest - [Shiba Inu-Themed Restaurant Welly Partners with Edge Of Company](https://news.shib.io/2024/03/23/shiba-inu-themed-restaurant-welly-partners-with-edge-of-company/): Edge of Company has announced its partnership with projects and companies pioneering Web3, decentralized AI, and entertainment, among others. One of these partners is Welly, a Shiba Inu-themed fast-food restaurant based in Naples, Italy. In a recent tweet, Welly team member @coccoverse shared the announcement on X. Edge of Co. is a provider of tech, media, events, and advisory services to up-and-coming Web3, AI, and culture-focused businesses. The Daily Shib spoke to Cocco about this recent development. “In early March, part of our team flew to Denver for networking opportunities. During meetings, they connected with Richard Carthon and Josh Kriger, - [Bad Idea AI to Be Listed at Gate.io on March 27](https://news.shib.io/2024/03/22/bad-idea-ai-to-be-listed-at-gate-io-on-march-27/): Bad Idea AI is slated to be listed on the popular digital asset exchange Gate.io on March 27. The announcement is the latest in a series of strategic moves by Gate.io to expand its portfolio of tradable assets and provide its users with a diverse range of investment opportunities. Gate.io, a well-established platform for cryptocurrency trading, has been at the forefront of supporting promising projects. The exchange has recently launched margin trading for $BONE, the governance token of ShibaSwap, the native decentralized exchange (DEX) of the Shib project. The move has opened up new avenues for traders, allowing them to - [SHIB Army, Do You Resonate with This Meme?](https://news.shib.io/2024/03/22/shib-army-do-you-resonate-with-this-meme/): A meme is making waves on X (formerly Twitter) which, to some, may be scarily accurate. The meme humorously contrasts a muscular figure, symbolizing a flourishing crypto wallet, with a skinny figure representing a dwindling bank account. The stark contrast may resonate deeply with the Shib Army, highlighting the rapid growth of investments in cryptocurrencies like Shiba Inu compared to traditional banking. The meme, uploaded by a user with the X handle @naiivememe, encapsulates the reality of the digital age, where blockchain revolutions and decentralized finance innovations are taking center stage. For some members of the Shib Army, this isn’t - [Do Kwon Stays Put: Montenegrin Supreme Court Halts Extradition, Overrules Past Decisions](https://news.shib.io/2024/03/22/do-kwon-stays-put-montenegrin-supreme-court-halts-extradition-overrules-past-decisions/): In a series of legal volleys that raised eyebrows and birthed speculations, the Supreme Court of Montenegro executed a pivotal shift in the high-stakes extradition narrative of Do Kwon, the controversial CEO at the helm of Terraform Labs (TFL). With a decisive mandate issued on Friday, the court starkly reversed the trajectory set by two lower court rulings, grounding Kwon within Montenegro’s borders and averting his immediate transfer.  The dramatic pause comes against the backdrop of an earlier decision by the Montenegrin Appellate Court, siding with the High Court’s call to extradite crypto titan Kwon back to South Korea. This - [D3 Provides Update on Shib Name Transition Issues](https://news.shib.io/2024/03/22/d3-addresses-transition-concerns-from-sns-to-d3/): In a significant development for the Shib Army, D3 has issued a crucial update via X (formerly Twitter), addressing the concerns of those who encountered issues during the transition from SNS to D3. The tweet, which brings substantial relief for affected members, states: “If you had a #ShibName stuck in the Mantra smart contract during the transition from SNS to D3, your names have now been unlocked and sent to your wallets. Go to http://d3.app, connect your wallet and check out your names under ‘My Assets’.” The Shib Name Service (SNS) made its debut on Shibarium, marking a pivotal milestone - [Bullish SHIB Outlook:  Signals Suggest Further Upsurge, New ATH Within Reach](https://news.shib.io/2024/03/22/bullish-shib-outlook-signals-suggest-further-upsurge-new-ath-within-reach/): Shiba Inu (SHIB) saw a fervent surge Thursday, setting the Shib Army abuzz with excitement. Despite skeptics painting a somber picture for the dog-themed altcoin, astute observers fixated on technical indicators are uncovering a narrative brimming with potential for further gains. SHIB witnessed a remarkable price surge of over 8% Thursday, catapulting from an opening price of $0.000025 to an intraday high of $0.000027. Amid the volatility, the crypto momentarily dipped before staging a remarkable V-shaped recovery. This technical indicator signifies a rapid resurgence in market sentiment following an initial downturn, propelling the asset onto a trajectory of growth. It - [Google Integrates Ethereum Name Service Data into Search Results](https://news.shib.io/2024/03/22/google-integrates-ethereum-name-service-data-into-search-results/): In a significant development for the crypto community, search giant Google has seamlessly integrated Ethereum Name Service (ENS) data into its search engine results. The move enhances the visibility of crypto assets and simplifies the exploration of ENS domains. What Is ENS? The Ethereum Name Service (ENS) is a decentralized system that allows users to associate human-readable names with complex Ethereum addresses. Instead of relying on lengthy hexadecimal strings, ENS enables users to interact with crypto assets using familiar domain-like names. The integration of ENS data into Google’s search results is a significant step toward mainstream adoption. The crypto address information displayed in search results - [$SHEB Ranks 3rd in Top 10 ERC-404 Projects](https://news.shib.io/2024/03/22/sheb-ranks-3rd-in-top-10-erc-404-projects/): $SHEB has seen a significant surge in popularity recently. According to a tweet by BMoon Daily on March 22, SHIB currently ranks third among the Top 10 ERC-404 Projects based on their 24-hour trading volume. The news comes as a positive sign for $SHEB investors. The ERC-404 token standard is a novel approach that merges the functionalities of ERC-20 (fungible tokens) and ERC-721 (non-fungible tokens). This unique standard enables tokens to possess both fungible and non-fungible properties simultaneously. How does this work? By linking an ERC-721 token to an ERC-20 token, wherein the ERC-20 token solely represents a non-fungible token - [Crypto Alert: Apple Chip Flaw Enables Easy Private Key, Encrypted Data Theft; No Direct Fix](https://news.shib.io/2024/03/22/crypto-alert-apple-chip-flaw-enables-easy-private-key-encrypted-data-theft-no-direct-fix/): A critical flaw in Apple’s M chip series allows for easy private key and encrypted data theft by cybercriminals and malicious actors, putting crypto investors in a very vulnerable position when they do cryptographic functions on Mac and iPad devices. The mantra “Not your keys, not your coins” or “Not your keys, not your crypto,” has become extremely popular within the crypto sphere, especially after the crypto derivatives platform FTX started to unravel in October-November 2022. The popular expression means that investors cannot be certain of their crypto holdings unless they are stored in a wallet for which they personally - [Robinhood and Stealth EX io Embrace $BAD Token](https://news.shib.io/2024/03/22/robinhood-and-stealth-ex-io-embrace-bad-token/): The $BAD token (BAD IDEA AI) can now be stored on the Robinhood app’s decentralized finance (DeFi) wallet. The move not only provides a secure storage solution for $BAD holders but also enhances the token’s visibility with logo support on the platform. Robinhood is a commission-free investing app that allows users to buy and sell stocks, ETFs, and cryptocurrencies. Notably, the $BAD token has been making waves in the crypto community, becoming the most mentioned highlight meme coin on Crypto Insights in the last 24 hours. The surge in popularity is a testament to the token’s growing influence and to - [Is Welly Opening A Third Store?](https://news.shib.io/2024/03/22/is-welly-opening-a-third-store/): Welly is unstoppable. Welly’s second store, which is a franchise, is opening in the coming months. And now this. In the dynamic realm of fast-food innovation, whispers swirl: Is Welly on the brink of revealing its highly anticipated third store, igniting curiosity and anticipation among eager aficionados? Welly, whose origins can be traced back to its humble beginnings in Naples, has undoubtedly undergone a remarkable transformation since its collaboration with the Shiba Ecosystem in February 2022. Welly stands out as a pioneering blockchain-driven fast-food restaurant, representing one of the Shiba Ecosystem’s earliest real-world endeavors. Known for its pioneering integration of - [StanChart Forecasts BTC to Hit $150K by Year-End, Eyes $250K High by 2025](https://news.shib.io/2024/03/22/stanchart-forecasts-btc-to-hit-150k-by-year-end-eyes-250k-high-by-2025/): In the wake of Bitcoin’s latest all-time high, Standard Chartered has significantly updated its financial forecasts, indicating a stronger bullish outlook for the leading crypto. The bank now predicts a striking 50% increase from its previous forecast, anticipating that Bitcoin (BTC) will reach a monumental $150,000 by the end of 2024. This revised projection marks a substantial uplift from last year’s estimate, which pegged Bitcoin at a $100,000 value by year-end. The optimism doesn’t stop there. StanChart sees Bitcoin’s value soaring to $200,000 by 2025, especially if Spot Bitcoin ETF inflows maintain their steady momentum. This projection is underpinned by - [BONE ShibaSwap Skyrockets: Gains Double-Digit Growth and Industry-Wide Acclaim](https://news.shib.io/2024/03/22/bone-shibaswap-skyrockets-gains-double-digit-growth-and-industry-wide-acclaim/): Bone ShibaSwap (BONE)—the official gas token of Shiba Inu’s Layer-2 scalability solution, Shibarium—has blazed through the market, posting impressive double-digit gains. This rally isn’t just noise; it’s a thunderous applause from the crypto entities, signaling a resounding endorsement that’s echoing across the digital currency landscape. On Thursday, Coinpedia Markets, a crypto price tracking platform, spotlighted BONE in its daily Top 5 Crypto Market Update. Sitting in the third spot, BONE ranked above notable entities like Fantom and the SEC, only surpassed by industry titans Ethereum and BlackRock.  The update highlighted BONE’s extraordinary market performance, showcasing a 19% surge in its - [Intriguing: Tornado Cash Transaction Shows North Korea Allegedly Sends 1 ETH To BlackRock](https://news.shib.io/2024/03/21/intriguing-tornado-cash-transaction-shows-north-korea-allegedly-sends-1-eth-to-blackrock/): An intriguing transaction on Tornado Cash, allegedly originating from the shadowy corners of North Korea sent 1 ETH to the world’s largest investment company BlackRock. This transaction, seemingly unassuming in quantity, has nevertheless sent ripples through the crypto and financial spheres, igniting a flurry of speculation and intrigue. On Wednesday, the crypto sphere was set abuzz when an X user, known by the handle @icebergy_, unveiled a screenshot capturing a purported transaction via Tornado Cash. This transaction showcased a sender dispatching 1 Ethereum (ETH) directly into the crypto wallet of the financial powerhouse, BlackRock.  The tweet was intriguingly captioned “North - [Gate.io Launches Margin Trading for $BONE](https://news.shib.io/2024/03/21/gate-io-launches-margin-trading-for-bone/): Gate.io, a leading cryptocurrency exchange, has announced margin trading for $BONE, the governance token of the native decentralized exchange (DEX) of the Shib project, ShibaSwap. The move is expected to provide traders with increased opportunities and flexibility in the dynamic world of digital assets. Margin trading is a method of trading assets using funds provided by a third party. In contrast to traditional trading, margin trading allows traders to increase their investment amount by borrowing money. This can potentially lead to higher profits, as traders can invest more than their capital. However, it’s important to note that while margin trading can amplify - [Quick Fortune: Crypto Trader Transforms SHIB Trades into Over $23M Fortune in Just Two Months](https://news.shib.io/2024/03/21/quick-fortune-crypto-trader-transforms-shib-trades-into-over-23m-fortune-in-just-two-months/): Shiba Inu has emerged not just as a meme coin but as a maker of millionaires, boldly rewarding those who dare to navigate its volatile waves with their savvy investment and trading acumen. The latest tale to ripple through the crypto community is that of a daring trader who, in a stunning display of market mastery, transformed their trades into a colossal $23.5 million fortune in a mere span of two months.  Since its inception in August 2020, Shiba Inu has consistently defied skeptics, and this recent windfall is a testament to the unprecedented opportunities lurking in the depths of - [Crypto Crimes Pay for North Korea: UN Claims Hacks, Attacks Fuel 50% of Foreign Currency Gains](https://news.shib.io/2024/03/21/crypto-crimes-pay-for-north-korea-un-claims-hacks-attacks-fuel-50-of-foreign-currency-gains/): The United Nations Security Council has shed light on an alarming trend: North Korea has a lucrative business involving cryptocurrency hacks and attacks which is a central pillar of its economic strategy. It contributes to roughly half of its foreign currency revenues. This clandestine operation has reportedly netted the hermit country billions of dollars, with the funds suspected to be funneled into its contentious weapons programs, intensifying international apprehensions about global security.  The United Nations Security Council unveiled the conclusions of a comprehensive investigation conducted by a panel of experts into the enforcement of sanctions against North Korea this Wednesday. The report - [Shiba Inu Burn Rate Surges 131% in 24 Hours](https://news.shib.io/2024/03/21/shiba-inu-burn-rate-surges-131-in-24-hours/): The cryptocurrency market is showing signs of recovery from the recent price crash, and Shiba Inu (SHIB), the popular meme coin, is riding this wave of positivity. Data from Shibburn reveals that the burn rate of Shiba Inu has surged by 131% in the last 24 hours. The total number of SHIB tokens burnt from the initial supply is approximately 410.72 trillion. The maximum total supply of SHIB is nearly 1 quadrillion (999.98 trillion), while the total supply is about 589.28 trillion. The circulating supply, which refers to the number of coins available for trading, stands at approximately 582.63 trillion. - [Pundits Throw Down: SEC's Alleged Plan of Classifying Ethereum a Security Is Off Base](https://news.shib.io/2024/03/21/pundits-throw-down-secs-alleged-plan-of-classifying-ethereum-a-security-is-off-base/): Industry pundits are stepping up to challenge the SEC’s latest gambit—a plan rumored to classify Ethereum as a security.  A report that the U.S. Securities and Exchange Commission (SEC) has issued several subpoenas to companies viewed as an attempt to label Ethereum, the world’s second-largest crypto asset by market capitalization, as a security surfaced on Wednesday, raised concerns among investors and experts. While some viewed the move as the SEC’s way of denying the spot Ethereum ETF proposals of several Wall Street giants, others think that the move by the commission is not only “illegal” but is also causing “confusion - [A Blow To US Efforts: Montenegro Upholds Decision, Denies Do Kwon's Extradition Appeal](https://news.shib.io/2024/03/20/a-blow-to-us-efforts-montenegro-upholds-decision-denies-do-kwons-extradition-appeal/): The Montenegrin Appellate Court has upheld the High Court’s verdict, ruling that Do Kwon, the beleaguered CEO of Terraform Labs, should be extradited to South Korea, despite a concurrent extradition claim from the U.S. where he was accused of financial crimes related to the spectacular crash of TerraUSD and LUNA.  “The Appellate Court of Montenegro, after the session of the panel on March 20, 2024, by decision Kvž. no. 179/24 rejected the appeal of the defense attorneys of the defendant Kwon Do Hyeong and confirmed the decision of the Higher Court in Podgorica Kv. no. 265/24 dated March 6, 2024,” - [SHIB's Power P(l)ay](https://news.shib.io/2024/03/20/shibs-power-play/): Read the latest edition of The Shib magazine here. - [Uzbekistan Increases Monthly Fees for Crypto Market Operations](https://news.shib.io/2024/03/20/uzbekistan-increases-monthly-fees-for-crypto-market-operations/): Uzbekistan’s National Agency for Prospective Projects (NAPP) has set its sights on enhancing revenue streams from the burgeoning cryptocurrency market. In a move announced on Tuesday, March 19, 2024, the agency, the authorized body for the development of the circulation of crypto-assets, capital market, insurance, and e-commerce, released a new directive to overhaul the fee structure for crypto market participants across the country. The mandate, poised to take effect on June 20, 2024, signifies a significant shift in the financial landscape of Uzbekistan’s crypto sector. The updated fee framework, introduced as an amendment to a directive initiated by the Ministry - [Mysterious Whale Dives into Shiba Inu Market with $8.62 Million Purchase](https://news.shib.io/2024/03/20/mysterious-whale-dives-into-shiba-inu-market-with-8-62-million-purchase/): Data from Arkham Intelligence has revealed that an undisclosed entity has made a significant acquisition, purchasing a staggering 332.665 billion SHIB tokens. The total value of this purchase is approximately $8.62 million, given the current token price of $0.0000257. The transaction, which is linked to the address “0x7976,” was carried out in two large tranches over the last five hours. The first tranche, comprising 320.99 billion SHIB, was transferred from another anonymous address, “0x1de7.” This address is now devoid of Shiba Inu tokens. Following this, a secondary transfer of 11.676 billion SHIB, valued at nearly $300,000, was executed from the - [LaborX Unlocks New Payment Method: $SHEB Now Accepted](https://news.shib.io/2024/03/20/laborx-unlocks-new-payment-method-sheb-now-accepted/): LaborX, a leading platform in the freelance industry, has announced the latest development in the cryptocurrency payments world. In a recent tweet, the platform unveiled its support for $SHEB, also known as the SHEBOSHIS. SHEBOSHIS, denoted by the ticker symbol $SHEB, serves as the designated counterpart to the Shiboshis, signifying a notable achievement within the Shib ecosystem. The digital asset, backed by the DN-404 standard, is now integrated into LaborX’s payment system, offering freelancers an exciting new option for receiving compensation. The integration of $SHEB into LaborX adds to the growing list of top-tier companies embracing payment methods involving Shib - [Shiba Inu Fever Goes Global: Worldwide Interest Hits Record-Breaking Levels](https://news.shib.io/2024/03/20/shiba-inu-fever-goes-global-worldwide-interest-hits-record-breaking-levels/): The Shiba Inu fever is taking the world by storm as global interest surges to unprecedented heights, driving record-breaking levels not seen since 2021 when it reached its all-time high price and made a lot of millionaires. Over the past month, countries including the Netherlands, Pakistan, Slovenia, Canada, the United States, Switzerland,  the United Arab Emirates, Austria, Belgium and Singapore have played significant roles in propelling Shiba Inu to its highest point in two years, based on Google Trends, a valuable tool that provides insights into the daily search queries made on the popular search engine. Furthermore, in the past - [Early Bitcoin Investor Shifts Strategy, Reveals Plan to Exchange Cardano for Shiba Inu](https://news.shib.io/2024/03/20/early-bitcoin-investor-shifts-strategy-reveals-plan-to-exchange-cardano-for-shiba-inu/): Renowned early Bitcoin investor Davinci Jeremie, in a short clip that surfaced on the social media platform X (formerly Twitter) very recently, shared his plan to swap his Cardano (ADA) holdings for Shiba Inu (SHIB).  Last year, a TikTok video uploaded by user @cryptok.my, later shared on X by Shib Army SHIB Bezos, featured Jeremie displaying his “physical cryptocurrencies.” When asked which one he would sell, Jeremie replied, “Well, I will hold on[to] Bitcoin and I’m gonna be selling Cardano, for my Shiba and DOGE.” Jeremie, a software developer and enterprise-level system designer, has been a Bitcoin adopter since March - [SBF's Legal Team Slams DOJ's 'Disturbing' Sentencing Memo](https://news.shib.io/2024/03/20/sbfs-legal-team-slams-dojs-disturbing-sentencing-memo/): A legal showdown is underway as lawyers representing former cryptocurrency exchange magnate, Sam Bankman-Fried (SBF), launched a scathing attack on the Department of Justice’s sentencing memorandum. The lawyers have condemned the proposed 50-year imprisonment sentence for their client. Describing the DOJ’s stance as “disturbing” and “marked by hostility,” the legal team penned a letter to Judge Lewis Kaplan off the United States District Court for the Southern District of New York on March 19, vehemently contesting the severity of the recommended punishment. Bankman-Fried, formerly hailed as the “King of Crypto,” was convicted of fraud and money laundering after a month-long - [Shiba Inu Sets Sights on Top Spot, Predicts End of Dogecoin Dominance](https://news.shib.io/2024/03/20/shiba-inu-sets-sights-on-top-spot-predicts-end-of-dogecoin-dominance/): The Shiba Inu team has once again made waves in the cryptocurrency world with a bold proclamation aimed at their biggest rival, Dogecoin. In a recent tweet, the Shiba Inu team asserted their unwavering commitment to surpassing Dogecoin in valuation, signaling that the days of Dogecoin’s dominance as the leading meme coin are numbered. The bold assertion comes hot on the heels of the cryptocurrency trading platform Crypto.com’s acknowledgment of SHIB as the second most valuable meme-inspired project. However, the Shiba Inu team made it clear that they are not content with the second place, stating, “#2 today, but the - [Shibarium Meme Coin DAMN Explodes: Witnesses Double-Digit Price Surge Overnight](https://news.shib.io/2024/03/20/shibarium-meme-coin-damn-explodes-witnesses-double-digit-price-surge-overnight/): The recent explosive debut of a meme coin on Shiba Inu’s Layer-2 scalability solution Shibarium underscores the popularity and potential the chain holds, as well as the vibrant community backing it. As the meme coin craze erupted in the cryptocurrency market, with the frenzy leading to rapid price increases , the Shiba Inu community came up with an experimental meme coin dubbed DAMN on Shibarium.  Launched Monday, DAMN, hailed as the “SOL Killer,” recorded a double-digit price surge within just a day. Targeted to rival the rising tokens on the Solana blockchain, DAMN swiftly attracted attention and became one of - [May Approval Unlikely for ETH ETFs: Analysts See Big Red Lights in SEC Approach](https://news.shib.io/2024/03/20/may-approval-unlikely-for-eth-etfs-analysts-see-big-red-lights-in-sec-approach/): Hopes for the SEC’s approval of Ethereum exchange-traded funds (ETF), which was expected to come in May, may have been dashed, according to an ETF analyst. On Tuesday, the U.S. financial watchdog postponed its decision on Hashdex and Ark 21Shares’ ETF proposals, setting the stage for a final verdict in late May. The likelihood of spot Ether ETFs securing approval in May has diminished, noted Bloomberg ETF analyst James Seyffart. This surprising shift in sentiment among industry analysts on the future of U.S. Ethereum ETFs stemmed from their observation of recent developments. Earlier this month Seyffart and his fellow Bloomberg - [Badideas.ai to Debut a Weekly YouTube Series, Partners with OracleAI](https://news.shib.io/2024/03/20/badideas-ai-to-debut-a-weekly-youtube-series-partners-with-oracleai/): Badideas.ai, the news platform powered by Bad Idea AI, will launch a weekly YouTube series to provide regular updates on the latest news within the Bad Idea AI ecosystem. The YouTube show will offer a platform to discuss the project’s most recent developments, with a focus on discussing topics like artificial intelligence (AI), decentralized autonomous organizations (DAOs), governance, and security in crypto. It will be hosted by a prominent influencer, who is yet to be named, and will give Bad Idea AI’s partner projects a chance to introduce their work to its community through a dedicated segment. Badideas.ai also teamed - [Meme Coin Craze: Over $2.6M In Crypto Vanishes In Brazen Solana Scam By Fake Influencer](https://news.shib.io/2024/03/19/meme-coin-craze-over-2-6m-in-crypto-vanishes-in-brazen-solana-scam-by-fake-influencer/): The latest meme coin craze has catapulted both new and existing digital tokens into the stratosphere, driven by an intoxicating blend of social media frenzy, influencer endorsements, wild trading and the all-too-familiar Fear Of Missing Out (FOMO). Amid this digital gold rush, savvy yet sinister players have found crafty methods to dupe the unwary. A glaring instance of this trend is the audacious Solana scam, where over $2.6 million in cryptocurrency vanished into thin air, masterminded by a fraudster masquerading as a crypto influencer. An individual impersonating renowned crypto influencer Ansem (@blknoiz06) conned individuals out of over $2.6 million in - [MicroStrategy Acquires More Bitcoin, Now Holds Over 1% of Total Supply](https://news.shib.io/2024/03/19/microstrategy-acquires-more-bitcoin-now-holds-over-1-of-total-supply/): MicroStrategy, the world’s largest corporate holder of Bitcoin (BTC), has acquired an additional 9,245 bitcoins for approximately $623.0 million.  The business intelligence company purchased 9,245 BTC using funds from a recent offering and additional cash. The notes used for this purchase had a total principal amount of $603.75 million, with $78.75 million exercised by initial purchasers within a 13-day timeframe. The completion of this transaction on March 18 primarily involved private offerings to qualified institutional buyers under Rule 144A of the Securities Act of 1933, according to a new filing with the U.S. SEC today. As of March 18, 2024, - [US Court Forces SEC to Foot Debt Box's Legal Bill; Agency Seeks $158M Additional Funding](https://news.shib.io/2024/03/19/us-court-forces-sec-to-foot-debt-boxs-legal-bill-agency-seeks-158m-additional-funding/): The U.S. Securities and Exchange Commission (SEC) is now under fire as a federal judge has mandated the agency to cover legal expenses for DEBT Box. This ruling follows the SEC’s recent request to Congress for a $158 million extra funding, citing evolving market dynamics, notably in the cryptocurrency sphere, which it described as the “Wild West.” Last year, the watchdog initiated legal action against DEBT Box, a Utah-based cryptocurrency firm, accusing it of fraudulent activities. This led to the imposition of a temporary asset freeze and a restraining order against the company.  The SEC alleged that DEBT Box misrepresented - [Japan's $1.5 Trillion Pension Fund Seeks Info on Bitcoin for Portfolio Expansion](https://news.shib.io/2024/03/19/japans-1-5-trillion-pension-fund-seeks-info-on-bitcoin-for-portfolio-expansion/): The Government Pension Investment Fund (GPIF), the world’s largest pension fund, has announced it is seeking information on Bitcoin for portfolio expansion. The GPIF stated it seeks “basic knowledge about the assets targeted for information provision” and wants to understand “how overseas pension funds incorporate them into their portfolios.” The GPIF, which manages over $1.5 trillion in assets is the world’s largest pension fund. It is responsible for investing the retirement savings of over 67 million Japanese citizens. The move is a significant development for Bitcoin, as it signals that the world’s largest pension fund is taking the asset seriously. - [Get Ready for Takeoff: Shiba Inu Value Could Skyrocket 225% Pre-Bitcoin Halving](https://news.shib.io/2024/03/19/get-ready-for-takeoff-shiba-inu-value-could-skyrocket-225-pre-bitcoin-halving/): Despite its current downturn, part of the wider correction seen across the cryptocurrency market, Shiba Inu is positioned for a potential 225% surge a few days before the eagerly awaited Bitcoin Halving event. This projection underscored the possibility of SHIB going beyond its previous peak of $0.00008616, recording a new all-time high (ATH) price of $0.00009. On-chain metrics and price prediction firm CoinCodex revealed that SHIB’s value is anticipated to skyrocket by a staggering 231.76%, targeting a price point of $0.00008518 by April 17, three days before the Bitcoin Halving event scheduled on April 20. Underpinning this optimistic projection are - [UK Financial Regulator Plans Crypto Market Abuse Regime in 2024](https://news.shib.io/2024/03/19/uk-financial-regulator-plans-crypto-market-abuse-regime-in-2024/): The Financial Conduct Authority (FCA), the U.K.’s main regulatory body for financial markets, announced its intention to establish a market abuse regime for crypto assets in its 2024-2025 business strategy released Tuesday. The move aligns with the government’s consultation paper published last year, which outlined plans for such a regime. The market abuse regime aims to achieve three key objectives: The proposed regime is expected to place responsibility on crypto exchanges to identify and disrupt manipulative behaviors. This could involve implementing transaction monitoring systems and reporting suspicious activity to the FCA. The FCA already has a promotions regime in place - [Andrew Tate Claims He Made $85 Million Last Bull Run](https://news.shib.io/2024/03/19/andrew-tate-claims-he-made-85-million-last-bull-run/): Controversial figure Andrew Tate, facing charges in Romania for human trafficking and rape allegations that he denies, has weighed in on the cryptocurrency market through a recent post on social media platform X. “There’s meme coins that’s great,” Tate wrote on X. “But each bull run there are the genuinely technological useful or innovating blockchain coins. Last bull run was Defi land. Made 85M on pancake. Do you know what they are this bull run?” Tate’s tweet references DeFi Land, a play-to-earn blockchain game that saw significant growth in the last bull run. He claims to have made a substantial - [Breaking New Ground: Users Can Now Top Up Grab Pay With Cryptocurrency](https://news.shib.io/2024/03/19/breaking-new-ground-users-can-now-top-up-grab-pay-with-cryptocurrency/): Following its integration of a Web3 crypto wallet and the introduction of Non-Fungible Token (NFT) guidance last year, Grab, Southeast Asia’s super-app and largest ride-hailing platform, is now extending its reach by enabling users to seamlessly top up their e-wallets with cryptocurrencies. Currently exclusive to users in Singapore, this latest feature–crypto top-ups in GrabPay Wallet–was rolled out on March 12 and was made possible by Grab’s recent collaboration with the payments firm Triple-A. So far, Grab has introduced five crypto assets such as Bitcoin (BTC), Ether (ETH), Tether (USDT), USD Coin (USDC) and XSGD, the Singapore dollar-backed stablecoin. “From arranging - [Giggle Academy: Binance's CZ Announces Hiring Drive for New 'Zero-Revenue' Project](https://news.shib.io/2024/03/19/giggle-academy-binances-cz-announces-hiring-drive-for-new-zero-revenue-project/): Changpeng Zhao, the founder and former CEO of Binance, broke his silence on social media after several weeks to not only reveal his latest non-crypto project but also to announce a hiring drive for his free education platform. Following his resignation as the CEO of Binance, the world’s largest crypto exchange platform by trading volume, last November after pleading guilty to a money laundering charge in the U.S., CZ as he is more popularly known in the crypto space, said that he will take a hiatus. However, he also hinted at the time that he might offer mentorship or coaching - [CZ Tweets New Project Amidst Legal Turmoil](https://news.shib.io/2024/03/18/cz-tweets-new-project-amidst-legal-turmoil/): Changpeng Zhao, the embattled former CEO of Binance, sparked curiosity on his social media account (@cz_binance) with a cryptic tweet on Sunday. The tweet stated: “Launching a new project. No, no new tokens. Education project. More details soon.” Zhao, who resigned as CEO of Binance in November 2023, pleaded guilty to failing to implement proper anti-money laundering (AML) policies at the world’s largest cryptocurrency exchange platform by trading volume. This plea was part of a wider agreement with prosecutors that allowed Binance to continue operations. His sentencing was originally scheduled for February 23rd but has been delayed by U.S. District - [K9 Finance's $KNINE Gains Ground with MEXC Listing](https://news.shib.io/2024/03/18/k9-finance-brings-shibariums-defi-muscle-to-mexc-with-airdrop-and-listing/): In a strategic move that marks a significant milestone for K9 Finance, MEXC Global, a leading cryptocurrency exchange, has officially announced the listing of the KNINE token. The inclusion of $KNINE on MEXC Global is poised to enhance liquidity and accessibility for the token, potentially accelerating its adoption among a wider audience of investors and crypto enthusiasts. This listing reflects K9 Finance’s commitment to expanding its ecosystem and the increasing investor interest in niche tokens that offer unique value propositions. Furthermore, the partnership between K9 Finance and MEXC Global underscores a strategic alignment in the pursuit of innovation within the - [No Longer A Joke: Meme Coins Emerge As New Asset Class](https://news.shib.io/2024/03/18/no-longer-a-joke-meme-coins-emerge-as-new-asset-class/): Since their debut in the cryptocurrency arena, meme coins—altcoins inspired by internet memes, jokes, and satire, often seen as lacking “inherent value”—have surpassed their humorous beginnings. This unique category of crypto asset is now being recognized as a legitimate asset class. Meme coins, known for their volatility and strong community backing, have experienced a wide range of performance outcomes in the cryptocurrency market, particularly between February and March of this year, where Shiba Inu surged to as high as 203% and Dogecoin 100%, data from crypto market intelligence firm Messari. According to the report, Dogecoin and Shiba Inu not only - [Shiba Inu’s Cryptic Tweet Sparks Excitement Amid Market Turbulence](https://news.shib.io/2024/03/18/shiba-inus-cryptic-tweet-sparks-excitement-amid-market-turbulence/): The Shiba Inu community is buzzing with anticipation after a cryptic tweet from the Shiba Inu team hinted at a soaring trajectory for the popular altcoin, SHIB. Against the backdrop of recent market volatility, this enigmatic message has ignited speculation and excitement among crypto enthusiasts worldwide. The Cryptic Tweet The tweet, posted by the official Shiba Inu handle (@Shibtoken), comes amidst a recent pullback in the overall market. The tweet features a short video clip that portrays Shiba Inu as a symbolic replacement for the iconic bat sigil from the DC movie Batman. In the clip, the Shiba Inu logo takes center - [Current Bitcoin Behavior Has Hallmarks Of Emerging Bull Market: Analyst](https://news.shib.io/2024/03/18/current-bitcoin-behavior-a-hallmark-of-emerging-bull-market-analyst/): Bitcoin, the world’s oldest crypto asset, is exhibiting early signs of entering a bull market, characterized by distinctive trading patterns and robust investment inflows. Despite experiencing volatility, the continued influx of investments and historical trends indicate that Bitcoin is primed for a significant upturn, according to a research analyst. Bitcoin ended the previous week with a slight dip, settling at about $68,400, reflecting a 0.8% decrease from the prior week’s close of $69,000. Over the past week, the king of crypto experienced notable volatility, with its value swinging by 13.4%, Matteo Greco, research analyst at the publicly listed digital asset - [Mysterious Whale Accumulates 500.85 Billion SHIB From Coinbase](https://news.shib.io/2024/03/18/mysterious-whale-accumulates-500-85-billion-shib-from-coinbase/): A large cryptocurrency investor, often referred to as a “whale,” has accumulated a significant amount of Shiba Inu (SHIB) tokens, according to on-chain data analysis by The DATA NERD. The entity created seven new wallets and transferred exactly 71.55 billion SHIB (approximately $2.05 million) from each wallet to Coinbase this Monday. This translates to a total accumulation of 500.85 billion SHIB, valued at roughly $14.35 million. This move coincides with a recent surge in SHIB ‘s price. Over the past 24 hours, the native token of the Shiba ecosystem has experienced double-digit growth, reaching a peak of 26% at one - [$DAMN, A Meme Coin On Shibarium, Takes Top Spot On DEXTools](https://news.shib.io/2024/03/18/damn-a-meme-coin-on-shibarium-takes-top-spot-on-dextools/): $DAMN, a meme coin on Shibarium, has surged to the number one trending spot on DEXTools, a platform for decentralized exchange (DEX) tracking and analysis. DEXTools allows users to monitor trading activity, liquidity pools, and other key metrics across various DEXs. Trending tokens are typically those experiencing significant price or volume increases. $DAMN, also referred to as the “Sol killer” by some in the online community, has garnered attention for its launch on Shibarium, the Layer 2 scaling solution for the Shib ecosystem. It’s important to note that $DAMN is not a Shib ecosystem token. Regardless, its association with Shibarium - [Bitcoin Inches Closer to Major ‘Danger Zone’ as Halving Nears: Analyst](https://news.shib.io/2024/03/18/bitcoin-inches-closer-to-major-danger-zone-as-halving-nears-analyst/): Bitcoin, the flagship cryptocurrency, is on the brink of entering a critical phase known as the “Danger Zone,” according to crypto trading expert Rekt Capital. This zone historically precedes significant price corrections and retracements before the highly anticipated Bitcoin Halving event. Let’s break down what this means and why it matters. The “Danger Zone” Defined Rekt Capital’s recent tweet on March 18, 2024, stated: Current Situation As of now, BTC is 30 days away from the upcoming halving. However, it has recently pulled back by 11% during the past week. This decline has caught the attention of traders and investors, especially given the - [Shibarium Hits New Heights: Milestone Achieved As L2 Rivals' Transactions Surge Post-Dencun Upgrade](https://news.shib.io/2024/03/18/shibarium-hits-new-heights-milestone-achieved-as-l2-rivals-transactions-surge-post-dencun-upgrade/): Shiba Inu’s forefront layer-2 scalability solution, Shibarium set the pace in the crypto sphere. While rival L2 networks reported seeing a remarkable surge in transactions post-Dencun upgrade, Shibarium remained unfazed. Its unparalleled performance has propelled it to a major milestone, surpassing 412 million total transactions, solidifying its position as the fresh but unstoppable force in the industry. Shibarium proudly achieved a major milestone, having processed more than 412 million transactions, with an impressive influx of over 3.7 million transfers recorded in recent days. Notably, this accomplishment came as the blockchain’s daily transaction output remained consistent, maintaining a level of 1 - [Damage Control: Prosecutors Reveal Bankman-Fried's Plan For Image Rehabilitation After FTX Fallout](https://news.shib.io/2024/03/18/damage-control-prosecutors-reveal-bankman-frieds-plan-for-image-rehabilitation-after-ftx-fallout/): As the countdown to Sam Bankman-Fried’s sentencing, the co-founder of the defunct FTX crypto derivatives platform approaches its final stretch of just ten days, prosecutors have unveiled a series of elaborate schemes reportedly concocted by the embattled mogul. These revelations shed light on Bankman-Fried’s desperate attempts to evade imprisonment in the aftermath of his arrest. Attached to the U.S. government’s sentencing memorandum, a Google document exposed a startling compilation of “random and probably bad ideas” attributed to Bankman-Fried. These notions, conceived in a bid to salvage his beleaguered public image, offer insight into the desperate measures undertaken by the embattled - [Defying Odds: SHIB Surpasses Bitcoin And Ethereum With Stellar Year-On-Year Growth; Surges Double-Digit Overnight](https://news.shib.io/2024/03/18/defying-odds-shib-surpasses-bitcoin-and-ethereum-with-stellar-year-on-year-growth-surges-double-digit-overnight/): Shiba Inu shattered expectations, clinching a spot among this year’s crypto elite by outperforming market titans Bitcoin and Ethereum. Demonstrating its tenacity, SHIB bounced back with a double-digit surge in value overnight after a spell of downturns, showcasing its robust market resilience. Bitcoin has been dominating headlines this year, boasting an impressive 64% surge and smashing through a record-breaking new all-time high price of $73,000. This remarkable performance of the world’s pioneering cryptocurrency is primarily attributed to the debut of official spot Bitcoin exchange-traded funds (ETFs) in the U.S., triggering an unparalleled surge in demand. Following suit, Ethereum, the second-largest - [After Shifting Over $500,000 in SHIB, Justin Sun-Linked Wallets Execute 37 Billion Shiba Inu Transfer](https://news.shib.io/2024/03/17/after-shifting-over-500000-in-shib-justin-sun-linked-wallets-execute-37-billion-shiba-inu-transfer/): In a strategic maneuver that has captivated the crypto community, notably the Shib Army, wallets associated with cryptocurrency entrepreneur Justin Sun orchestrated a series of high-value transactions involving Shiba Inu (SHIB) tokens very recently. These activities follow a movement of SHIB tokens worth over $500,000 earlier this month, prompting speculation among investors and enthusiasts alike on Sun’s continued involvement in the cryptocurrency market. Last Friday, a Chinese crypto tracking service dubbed AI Auntie, flagged two significant transactions made by wallet addresses associated with Sun. One of the transactions involved moving 30 billion SHIB worth about $900,000 from one of Sun’s - [Shiboshi NFTs Lead Quiet Revolution In SHIB Token Burns](https://news.shib.io/2024/03/17/shiboshi-nfts-lead-quiet-revolution-in-shib-token-burns/): Shiboshis, a collection of 10,000 exclusive Shiba Inu generated Non Fungible Tokens (NFTS),  leads a silent but transformative revolution, playing a key role in diminishing the circulating supply of SHIB tokens through deliberate and strategic burning efforts. The Shiba Inu community, affectionately referred to as the Shib Army, has expressed a fervent desire to decrease the circulating supply of its native token of Shiba Inu (SHIB), the native token of the Shiba Inu ecosystem. Shibarium, Shiba Inu’s layer-2 scalability network, plays a leading role in the community’s endeavors to burn SHIB, having eliminated a total of 33 billion SHIB in - [Investor Confidence Peaks: Whales Spend Billions For Trillions Of SHIB Amid Price Drop](https://news.shib.io/2024/03/17/investor-confidence-peaks-whales-spend-billions-for-trillions-of-shib-amid-price-drop/): Amid the cryptocurrency market downturn, and despite the 29% plunge in its value over the past week, Shiba Inu has witnessed an unprecedented surge in investor confidence. Whales boldly stepped in, spending billions to accumulate trillions of tokens, signaling a robust belief in the asset’s resilience and future potential. This weekend, the market painted a stark picture of volatility, with many digital currencies trading in the red. However, this dip has not deterred investors’ enthusiasm for SHIB. On the contrary, confidence in Shiba Inu has markedly surged, with high-net-worth investors, often referred to as whales, spending billions of dollars to - [Shiba Inu Still Set For New All-Time High Despite Recent Price Dip: Analyst](https://news.shib.io/2024/03/16/shiba-inu-still-set-for-new-all-time-high-despite-recent-price-dip-analyst/): Shiba Inu is currently navigating a period of consolidation following a robust uptrend earlier this month. However, optimism reigns amid momentary stabilization as a crypto analyst hinted at SHIB’s readiness for another significant breakout, propelling its value to $0.000081 and further surging by a staggering 90%, potentially setting a new all-time high (ATH). The native token of the Shiba Inu ecosystem has surged by an impressive 280% from $0.00001178 at the end of February to $0.00004456 on March 5, catching many traders off guard amidst a bullish market. This price rally was accompanied by a remarkable uptick in trading volume, - [Pro-Bitcoin President Reaffirms Bullish BTC Strategy Amid Stunning 55% Profit Surge](https://news.shib.io/2024/03/16/pro-bitcoin-president-reaffirms-bullish-btc-strategy-amid-stunning-55-profit-surge/): El Salvador President Nayib Bukele has reasserted the nation’s bullish Bitcoin investment strategy while celebrating a remarkable 55% return on its BTC investment under his forward-thinking, pro-Bitcoin regime. Following the announcement of relocating El Salvador’s initial “Bitcoin piggy bank” into a secure cold wallet and then to a physical vault, President Nayib Bukele took to the social media platform X (previously known as Twitter) to reassert the nation’s steadfast commitment to its Bitcoin acquisition strategy. “The 1 Bitcoin a day program just deposited today’s Bitcoin. This continues until #Bitcoin becomes unaffordable with fiat currencies,” Bukele said in a tweet, which - [US DOJ Demands Maximum Penalty: 40-50 Years Prison Sentence For SBF's Fraud, Conspiracy Charges](https://news.shib.io/2024/03/16/us-doj-demands-maximum-penalty-40-50-years-prison-sentence-for-sbfs-fraud-conspiracy-charges/): U.S. prosecutors have issued a resolute call for justice, pressing for an unprecedented 40-50-year incarceration for Sam Bankman-Fried, the brain behind FTX’s meteoric rise and dramatic collapse. Bankman-Fried, a figure constantly in the spotlight since his advent into the cryptocurrency realm, now finds himself entangled in a riveting legal drama. Once hailed as the “golden boy” of crypto, known colloquially as SBF within the industry, he now faces the daunting prospect of a century-long imprisonment, convicted on seven counts of fraud and conspiracy.  These charges are intrinsically linked to the tumultuous demise of his once-revered cryptocurrency empire, which once reigned - [SOON No More: Shytoshi Kusama Drops Major 'Shiba Eternity' News](https://news.shib.io/2024/03/15/soon-no-more-shytoshi-kusama-drops-major-shiba-eternity-news/): The Shib Army, brimming with anticipation for the chance to dive into “Shiba Eternity,” received exhilarating news from Shytoshi Kusama, who unveiled a significant update on the Shib ecosystem’s collectible card game (CCG).  Amidst a flurry of activities, including a burgeoning crypto bull run and the establishment of strategic alliances with key industry figures, Kusama has maintained a close connection with the community, often engaging directly in discussions and keeping a pulse on the ecosystem’s heartbeat. Very recently, the visionary leader was at the official Discord of Shibarium Tech and was asked by Da Vinci, the pseudonymous admin of the - [Anticipation Builds: Shiba Inu's Kusama Sneaks In a Book Update Amid Hectic Schedule](https://news.shib.io/2024/03/15/anticipation-builds-shiba-inus-kusama-sneaks-in-a-book-update-amid-hectic-schedule/): Within the tempest of their bustling schedule and professional commitments, Shytoshi Kusama, the enigmatic lead developer of the Shib ecosystem, has skillfully carved out a moment to offer a crucial glimpse into the progress of his eagerly awaited book. First unveiled amidst fervent excitement last August, Kusama’s forthcoming book, 44 Tenets To Triumph In Crypto: An Insider’s Perspective, promises a unique journey blending ancient wisdom with cutting-edge cryptocurrency insights, all from the distinctive vantage point of a revered crypto visionary. However, amid the mounting anticipation and the community’s eagerness to dive into Kusama’s wisdom, here comes a twist in the tale: - [K9 Finance & Mantra DAO Partnership Could Supercharge Shibarium's TVL](https://news.shib.io/2024/03/15/k9-finance-mantra-dao-partnership-could-supercharge-shibariums-tvl/): Shibarium, an offshoot of the Ethereum blockchain focused on scaling solutions for Shiba Inu (SHIB), could soon get a major boost. A groundbreaking partnership between K9 Finance, the developers behind the knBONE token, and Mantra DAO, a leading DeFi protocol, promises to significantly increase Shibarium’s Total Value Locked (TVL) and reshape the way the entire chain operates. The collaboration hinges on the concept of “liquid NFTs.” Mantra DAO specializes in creating “liquid representations of locked assets,” essentially unlocking the potential of NFTs as financial tools. This aligns perfectly with K9 Finance’s knBONE, which represents liquid BONE delegated for proof of - [Shiba Inu and Successful $KNINE Launch Land Popular US TV Coverage](https://news.shib.io/2024/03/15/shiba-inu-and-successful-knine-launch-land-popular-us-tv-coverage/): Shiba Inu and its strategic ally, K9 Finance, recently commanded the spotlight on a regarded Utah television program, a significant acknowledgment perhaps spurred by the escalating prominence of both crypto ventures. During the airing of “Eye on Your Money,” in KUTV in Utah, news anchor Cristina Flores brought attention to Bitcoin, the world’s largest cryptocurrency by market capitalization, as it surged to a new all-time high price, surpassing the significant $73,000 threshold. What adds intrigue to the program for the Shib Army is the spotlight on Shiba Inu’s recent groundbreaking developments, particularly its notable partnership with the next-generation liquid staking - [Bitcoiners Rally: El Salvador's Bitcoin Piggy Bank Swells with Donations](https://news.shib.io/2024/03/15/bitcoiners-rally-el-salvadors-bitcoin-piggy-bank-swells-with-donations/): Shortly after President Nayib Bukele’s groundbreaking announcement that El Salvador would move its inaugural “Bitcoin piggy bank” to a cold wallet and into a securely physical vault, the BTC community responded with vigor. Contributions including sats, Ordinals, and BRC-20 tokens, among others, started flowing in. “We’ve decided to transfer a big chunk of our #Bitcoin to a cold wallet and store that cold wallet in a physical vault within our national territory. You can call it our first #Bitcoin piggy bank. It’s not much, but it’s honest work,” Bukele’s tweet read. The screenshot shared by President Bukele revealed that the - [Trump Surges Ahead in Crypto-Holding Voter Support: Recent Poll](https://news.shib.io/2024/03/15/trump-surges-ahead-in-crypto-holding-voter-support-recent-poll/): As the 2024 U.S. presidential election looms, a surprising trend has emerged from the depths of the digital economy: crypto holders seem to be leaning towards former President Donald Trump over the incumbent, Joe Biden. This shift in voting preferences, highlighted by a recent poll commissioned by Paradigm, a crypto-centric investment firm, sheds light on the evolving landscape of American politics, where digital currencies are increasingly becoming a factor in electoral decision-making. According to the poll, 48% of crypto owners express their intent to vote for Trump, while 39% lean towards Biden. This revelation raises intriguing questions about the intersection - [Shiba Inu Howls Past Competitors in Social Media Frenzy](https://news.shib.io/2024/03/15/shiba-inu-howls-past-competitors-in-social-media-frenzy/): Shiba Inu, often playfully called the “Dogecoin killer,” has secured the third most socially active meme coin. According to data tracked by LunarCrush, a respected social intelligence platform, Shiba Inu boasts an impressive 8.15 million social interaction score. The resilience in social media engagement suggests a dedicated and active community rallying behind SHIB. The platform’s social interaction metric considers user activity across platforms like X, Reddit, and Discord. Its analysis awarded Shiba Inu a score of 8.15 million, including social media likes, upvotes, retweets, and comments. The impressive figure places Shiba Inu firmly in third place, outperforming rivals like FLOKI, BONK, MYRO, and - [UNoDE Node Service Expands Customer Experience with SHIB and BONE Payment Options](https://news.shib.io/2024/03/15/unode-node-service-expands-customer-experience-with-shib-and-bone-payment-options/): Unification, the hybrid blockchain that expands Web 3 accessibility and powers up dApps and the team behind the development of Shibarium, announced that Shiba Inu’s SHIB and BONE will be accepted as forms of payment in the upcoming beta release of UNoDE, a privacy-focused blockchain node and software service platform. “We’ve listened to the community’s feedback and added the option of payments through multiple other tokens, including Ethereum, Shib, & Bone (among many others), while still reserving special pricing and benefits to users who choose to use the service through FUND,” Unification shared in its recently released blog post. Described - [SCAM ALERT: List of Suspicious Links to Avoid; Shib Army Advised Caution](https://news.shib.io/2024/03/14/scam-alert-list-of-suspicious-links-to-avoid-shib-army-advised-caution/): The Shib team is warning the Shib Army about suspicious links that could be potential scams. In an effort to protect users from falling victim to fraudulent activities, this list has been sourced from a report shared internally with The Daily Shib. Suspicious URLs: Email: In addition to the above, you are advised to be careful with emails from this ID: email@tdns.top Shib Army and users are advised to exercise caution when dealing with unfamiliar emails or websites, especially those asking for personal or financial information. Verify their authenticity by reaching out to the team directly (see link below). Avoid - [SHIB Leads The Pack, Tops Trading Volume Among Major Altcoins](https://news.shib.io/2024/03/14/shib-leads-the-pack-tops-trading-volume-among-major-altcoins/): Aside from witnessing an astonishing surge of about 233% in the past 30 days, Shiba Inu has taken the lead and climbed to the top in trading volume, besting large market-cap altcoins as weekly trade volume reached a multi-year peak last week. Meme-inspired cryptocurrency tokens have seen remarkable growth in recent weeks with their weekly trading volume soaring to $80 billion—a level of valuation that hasn’t been witnessed in years, data from data analytic firm Kaiko showed. Trading volume—a critical metric measuring the total coins or tokens traded within a specified timeframe, usually 24 hours—serves as a gauge for a - [Incredible! $BAD Sees Double-Digit Surge, Edges Out AI Competitors On Key Crypto Platforms](https://news.shib.io/2024/03/14/incredible-bad-sees-double-digit-surge-edges-out-ai-competitors-on-key-crypto-platforms/): $BAD, the native token of Bad Idea AI–the decentralized experiment combining Blockchain, AI, and DAOs–showcased an incredible feat this week as it surged in the double-digits and edged out AI tokens on major crypto price-tracking sites and platforms. On Wednesday, $BAD achieved an extraordinary feat by catapulting to the pinnacle of major crypto price-tracking platforms. Bad Idea AI’s native token emerged as the top-performing AI token on Coingecko, an independent cryptocurrency data aggregator. Notably, $BAD now holds a coveted spot on Coingecko’s “Largest Gainers List,” showcasing its impressive ascent in the market. At 3:05 a.m. ET on Thursday, $BAD was - [Binance Faces Pressure from Nigeria to Provide Data on Top 100 Users](https://news.shib.io/2024/03/14/binance-faces-pressure-from-nigeria-to-provide-data-on-top-100-users-amid-naira-conflict/): Nigeria is demanding that Binance hand over data on its top 100 users and all transaction records from the last six months as the dispute between the exchange and the country’s authorities escalates. Two senior Binance executives are still detained in Nigeria. The Nigerian authorities are not only requesting user data from Binance, but also asking the company to settle its pending tax obligations. This has prompted debates within the country. One individual said on Binance Square, a community platform where users can interact with each other and share information, that revealing any data would signify a breach of contract - [Shiba Inu Hits 2-Year Popularity Peak Following Impressive YTD Growth](https://news.shib.io/2024/03/14/shiba-inu-hits-2-year-popularity-peak-following-impressive-ytd-growth/): Shiba Inu’s popularity has soared to a two-year high, with a simultaneous increase in market cap by an astonishing 240%, over the past month. It is a remarkable ascent that not only highlights Shiba Inu’s resilience but also reaffirms its status as the “Doge-Killer,” amid an influx of new meme coins into the crypto market. The impressive resurgence has undeniably drawn the focus of both the cryptocurrency community and astute investors. As of early morning Thursday, SHIB’s price hovered around $0.00003282, mirroring its value from early 2022—a period that was marked by a surge of investors and speculators offloading volatile - [AIRian Reimagines Running](https://news.shib.io/2024/03/14/airian-reimagines-running-2/): “We want to inspire a resurgence of outdoor experiences, particularly among the younger generation, beckoning them to step beyond the confines of indoor spaces and immerse themselves in the realm of physical challenges,” says Jay Chung, the visionary founder and CEO of AIRian. - [Ethereum Layer 2s See Remarkable Fee Reduction Post-Dencun](https://news.shib.io/2024/03/14/ethereum-layer-2s-see-remarkable-fee-reduction-post-dencun/): The long-awaited Dencun upgrade on Ethereum appears to have fulfilled its promise of significantly slashing gas fees on layer 2 networks — within a short time after its launch Wednesday. But this was hardly enough to stir up much excitement among Shibarium users, who have been relishing low gas fees ever since the launch of the Shiba Inu layer-2 scalability solution last year. Upon activation, the Dencun upgrade ushered in a new era for Layer 2 chains that adopted blobs—a groundbreaking technology designed to optimize L2 transaction data storage on Ethereum. This innovation is particularly beneficial for rollups, which rely - [AIRian Reimagines Running](https://news.shib.io/2024/03/13/airian-reimagines-running/): Read the latest edition of The Shib magazine here. - [Blast Mainnet Stopped Block Production As Ethereum's Dencun Upgrade Went Live](https://news.shib.io/2024/03/13/blast-mainnet-stopped-block-production-as-ethereums-dencun-upgrade-goes-live/): Blast, an EVM-compatible Optimistic Rollup platform that supports native yield generation, encountered a critical problem Wednesday when its mainnet ceased to produce blocks a few minutes after Ethereum’s Dencun upgrade went live. The issue was resolved a few minutes after it was announced, Blast said. Blast, fundamentally built on top of Ethereum, announced on X that its mainnet “has stopped producing blocks due to issues related to Ethereum’s Dencun upgrade.” The team said core engineering contributors were actively addressing the issues and promised to update the community as well as provide details of the problem as soon as the fix - [SHIB Investment Masterclass: Nearly $4K Shiba Inu Investment Yields Around $127M Profit](https://news.shib.io/2024/03/13/shib-investment-masterclass-nearly-4k-shiba-inu-investment-yields-around-127m-profit/): In a quintessential rags-to-riches tale for the digital era, an investor’s initial $4,000 foray into Shiba Inu (SHIB) has remarkably morphed into a $127 million windfall. Blockchain analysis tool LookonChain recently highlighted one Shiba Inu investor whose actions served as a testament to the potential within the crypto markets, and particular SHIB. The token has risen more than 236% in the last 30 days, according to Coinmarketcap data. The unnamed investor’s journey began at SHIB’s inception in August 2020. The investor swapped 10 Ethereum tokens, then worth approximately $3,793, for an astonishing 15.27 trillion SHIB.  When the crypto asset gained - [Top Crypto Platforms See Inflow Of Close To 7 Trillion SHIB Tokens In 24 Hours](https://news.shib.io/2024/03/13/shiba-inu-explodes-melts-fudders-in-recent-feat/): Shiba Inu is once again rewriting the narrative in the cryptocurrency sphere. In a stunning development, it has surged onto the scene, inundating leading cryptocurrency exchange platforms with a staggering influx of nearly 7 trillion SHIB tokens within just one day. Leading crypto exchange platforms Binance, Coinbase, Robinhood, Cumberland and Wintermute found themselves swept up in an avalanche of 6.84 trillion SHIB tokens, translating to approximately $227 million, flooding their exchange platforms, data from on-chain analytics platform Arkham Intelligence shows. Coinbase wallet (0xA9D) 2,473,908,364,567.84  $82.10 Coinbase Deposit (0x591) 1,230,868,078,643.68  $40.69 Binance hot wallet (0x21a) 954,055,992,365.34  $32.65 Binance hot wallet(0x28C) 803,096,240,018.79  - [Dencun Upgrade Beyond The Hype: What It Means For Validators, L2 And Users](https://news.shib.io/2024/03/13/dencun-upgrade-beyond-the-hype-what-it-means-for-validators-l2-and-users/): Ethereum is on the brink of a revolutionary shift as it gears up for the launch of Dencun, its most significant upgrade since the landmark transition to proof-of-stake. Beyond the hype, it is important to delve into how Dencun is set to redefine the boundaries of blockchain technology and its implications for validators, users, and the wider cryptocurrency landscape. Set to launch 9:55 a.m. ET on Wednesday, the much-anticipated Dencun upgrade, a significant “hard fork” in blockchain parlance, marks a pivotal step toward Ethereum’s ambitious goal: it is a cornerstone in the platform’s roadmap to support an extensive array of - [Change.org Petition for SHIB ETF Surpasses 6,000 Signatures](https://news.shib.io/2024/03/12/change-org-petition-for-shib-etf-surpasses-6000-signatures/): The SHIB ETF petition, which has been circulating among members of the Shib Army, has seen a surge in support with over 6,000 signatures collected thus far. This initiative is a call to action for individuals to support a proposal addressed to Grayscale Investments, which aims to encourage traditional institutions to explore investments in SHIB. The current goal of the petition is to reach 7,500 signatures, signaling a strong resolve among supporters to see the creation of an exchange-traded fund (ETF) dedicated to the Shiba Inu token. Read More - [Spain's High Court Snubs TFH Injunction Appeal, Upholds Temporary Ban on Worldcoin](https://news.shib.io/2024/03/12/spains-high-court-snubs-tfh-injunction-appeal-upholds-temporary-ban-on-worldcoin/): In a bold demonstration of regulatory oversight, Spain’s High Court delivered a decisive blow to the iris biometric cryptocurrency project, Worldcoin. Despite the company’s injunction appeal, the court upheld the local regulator’s directive to cease data collection within the country, affirming the previous temporary ban for the project in the country. Earlier this week, the Madrid-based High Court declined Worldcoin’s request for an injunction against the Spanish Data Protection Agency (AEPD) order, emphasizing the paramount importance of safeguarding public interest. Dismissing an appeal by Worldcoin’s parent company Tools For Humanity (TFH), the court underscored concerns regarding the risks associated with - [D3's Shib Names See Strong Initial Response](https://news.shib.io/2024/03/12/shib-names-a-new-way-to-claim-your-identity-sees-strong-initial-response/): The Shiba Inu ecosystem is abuzz with the launch of Shib Names, a custom domain service, that took place on March 6. The innovative project, in partnership with D3, allows users to create personalized usernames ending in “*shib,” offering a unique way to represent themselves within the growing Shiba Inu community. According to D3, a leader in securing custom Top-Level Domains (TLDs) for blockchain communities, SHIB Names has seen a strong initial response. Users rushed to secure creative and memorable names like “myshib,” “toyshib,” and “wagmi*shib” (an acronym for “We’re All Gonna Make It”). The first day of sales for - [Breaking Through: $KNINE Official Launch Shatters Records and Expectations](https://news.shib.io/2024/03/12/breaking-through-knine-official-launch-shatters-records-and-expectations/): K9 Finance, the next-generation liquid staking derivative platform on Shibarium—Shiba Inu’s cutting-edge layer-2 scalability solution—has redefined success with the launch of its native token, $KNINE, achieving milestones many deemed unreachable. From its explosive launch on March 7, racking up a trading volume of $7 million within just an hour, $KININE rapidly became the most sought-after token on DexTools, a decentralized finance (DeFi) trading platform.  Remarkably, on that day alone, $KNINE’s holder count skyrocketed by an impressive 87.90%, pulling in 2,507 investors captivated by its potential. Merely 24 hours post its Token Generation Event (TGE), K9 Finance emerged as the buzzword - [Trump Acknowledges Bitcoin's Growing Significance](https://news.shib.io/2024/03/12/former-president-trump-acknowledges-bitcoins-growing-significance/): Former U.S. President Donald Trump has caught the attention of many in the cryptocurrency world after he expressed a shift in his stance on Bitcoin during a recent live appearance on CNBC. During a live appearance on CNBC, Trump stated, “There has been a lot of use of Bitcoin,” marking a significant shift from his previous critical stance on cryptocurrencies. He had previously viewed them as a threat to the U.S. dollar, Trump clarified that he has not purchased Bitcoin (BTC), but is open to accepting it as a form of payment in certain circumstances. He expressed that cryptocurrencies represent - [Zama’s Master Plan to Facilitate End-to-End Encryption Across the Web with $73M Funding](https://news.shib.io/2024/03/11/zamas-master-plan-to-facilitate-end-to-end-encryption-across-the-web-with-73m-funding/): Zama, an open-source cryptography company, raised $73 million in a Series A funding to further develop fully homomorphic encryption (FHE) programs. This round was led by Protocol Labs and Multicoin Capital with the goal of driving the widespread adoption of FHE in blockchain and AI. The financing will support Zama in advancing its research in FHE technology, assisting their production partners, and securing financial stability to weather any market fluctuations in the future. In a blog post, Zama CEO Rand Hindi discussed the company’s current capabilities, highlighting that users have access to a diverse suite of open-source FHE solutions catering - [Arkham Claims Tesla, SpaceX Bitcoin Holdings Close To 20,000 BTC](https://news.shib.io/2024/03/11/arkham-claims-tesla-spacex-bitcoin-holdings-close-to-20000-btc/): Blockchain analytics platform Arkham Intelligence claimed to have unveiled a remarkable discovery: addresses associated with Tesla and SpaceX collectively hold 19,797 BTC, an astounding sum equivalent to approximately $1.34 billion.  Arkham’s recent analysis sheds light on the cryptocurrency holdings of two titans in the tech industry, revealing that Tesla and SpaceX have substantial investments in Bitcoin.  “Arkham has identified the BTC holdings of Tesla and SpaceX. We are the first to publicly identify these holdings on-chain,” the firm said in a tweet. Specifically, Tesla’s portfolio includes 11.51K BTC, valued at approximately $780 million, dispersed among 68 distinct addresses. Meanwhile, SpaceX’s engagement - [Will Bitcoin Ever Shine as Bright as Gold? JPMorgan Says Not Likely](https://news.shib.io/2024/03/11/will-bitcoin-ever-shine-as-bright-as-gold-jpmorgan-says-not-likely/): Bitcoin is unlikely to match gold’s allocation in investors’ portfolios in nominal terms, according to a new report by JPMorgan. The bank said that the cryptocurrency’s high volatility and risk make it unrealistic to expect it to surpass the metal’s market cap of $3.3 trillion. Gold is often seen as a safe-haven asset and a hedge against inflation, while Bitcoin is perceived as a digital version of gold by some investors. However, JPMorgan analysts led by Nikolaos Panigirtzoglou argued that the comparison is not fair as Bitcoin is 3.7 times more volatile than gold. “If Bitcoin were to match gold - [Bitcoin Achieves New All-Time High As BTC ETFs Stoke Demand Ahead of Halving](https://news.shib.io/2024/03/11/bitcoin-achieves-new-all-time-high-as-btc-etfs-stoke-demand-ahead-of-halving/): Bitcoin, the world’s largest cryptocurrency by market capitalization, has shattered records by surpassing the $71,000 mark, reaching an unprecedented lifetime high of $72,000. Driven by the surging demand from BTC ETFs, the digital asset’s ascent appears unstoppable as it gears up for the highly anticipated Halving event. At 12:57 p.m. ET on Monday, Bitcoin’s value surged past the $72,000 mark, achieving $72,606.71. This represents a 4.26% gain in the last 24 hours and an impressive 9.10% increase over the past week, surpassing its previous all-time high (ATH) of $68,789.63 set on November 10, 2021. In the latest analysis provided to - [Shibarium Projects Redefine Community, Step Up For Ultimate Giveaway Initiative](https://news.shib.io/2024/03/11/1196/): In a vibrant display of community spirit and innovation, Shibarium, the Shiba Inu ecosystem’s layer-2 scalability solution, has not only shattered transaction records but also fostered an unprecedented level of unity and generosity within its community. Since its launch in August 2023, Shibarium has impressively processed nearly 406 million transactions and welcomed over 1.3 million wallet addresses, signaling a rapidly growing network of engaged and active users. Beyond these remarkable achievements, the Shibarium community is now making headlines with an ultimate giveaway initiative that underscores its commitment to collective success and support. The genesis of this widespread community engagement was - [Shibarium Eyes Next Billion Crypto Users](https://news.shib.io/2024/03/11/shibarium-eyes-next-billion-crypto-users/): Kaal Dhairya, a prominent developer within the Shiba Inu ecosystem, has sparked excitement among SHIB holders with a recent statement expressing confidence in the future of Shibarium, the project’s layer-2 blockchain solution.  In a post today, Dhairya highlighted a pivotal development within the ecosystem that could revolutionize the adoption of SHIB and propel the Shiba Inu L2 blockchain solution, Shibarium, into the limelight. His assertion? The “next billion users” in the crypto space will find their home on Shibarium and embrace SHIB. Dhairya’s comments come amidst positive signs for Shibarium. Launched less than a year ago, the network has already - [Worldcoin Defiant: Services Paused, Legal Challenge Against Spanish Ban Launched](https://news.shib.io/2024/03/11/worldcoin-in-defiance-services-paused-legal-challenge-against-spanish-ban-launched/): In a bold and defiant move against regulatory pushback, Worldcoin, the cutting-edge iris-biometric cryptocurrency project, temporarily suspended its services in Spain. This momentary pause, however, is accompanied by a proactive legal countermeasure, challenging the Spanish government’s suspension of its operations.  The confrontation was sparked last Wednesday when Spain took a firm stance against Worldcoin’s innovative yet contentious method of gathering personal data through an iris-scanning orb. The AEPD, Spain’s guardian of data privacy, mandated an immediate cessation of Worldcoin’s data collection and the relinquishment of any data already captured, providing a mere 72-hour window for compliance. Mar España Martí, the - [Binance.US Grapples with Revenue Plunge, Massive Layoffs Amid SEC Battle](https://news.shib.io/2024/03/09/binance-us-grapples-with-revenue-plunge-massive-layoffs-amid-sec-battle/): A deposition in December unveiled last Tuesday revealed that Binance.US suffered a significant setback, grappling with a daunting 75% decline in revenue. Compelled to undertake drastic measures, the company terminated over two-thirds of its workforce—more than 200 employees, amid its legal tussle with the U.S. Securities and Exchange Commission (SEC). Binance.US, the crypto trading platform catering to U.S. residents, was caught in the middle of a massive storm in June last year when the SEC filed 13 charges against Binance, its mother company. The accusations included mishandling customer funds and offering unregistered securities, with the SEC alleging that the company - [South Korea Sets Sights on Worldcoin: Investigation Launched Over Potential Violations](https://news.shib.io/2024/03/08/south-korea-sets-sights-on-worldcoin-investigation-launched-over-potential-violations/): South Korea has taken decisive action to uphold digital privacy standards by launching an investigation into Worldcoin, shedding light on potential violations of the Personal Information Protection Act. Developed by San Francisco and Berlin-based Tools for Humanity, and co-founded by OpenAI’s Sam Altman, Worldcoin finds itself under scrutiny once again due to its unconventional methods of data collection, particularly its reliance on iris-scanning technology. This latest probe, initiated by South Korea’s Personal Information Protection Commission on February 29, follows similar investigations conducted by several countries since Worldcoin’s launch in July 2023. The commission aims to ascertain whether Worldcoin has infringed - [Shiba Inu Set For New ATH If It Meets Certain Conditions: Analyst](https://news.shib.io/2024/03/08/shiba-inu-to-record-new-ath-if-it-meets-certain-conditions-analyst/): Shiba Inu ($SHIB), the dog-themed altcoin of the Shiba Ecosystem, has been capturing the spotlight with its impressive ascent amid the ongoing bull market in the cryptocurrency realm. On the cusp of a groundbreaking achievement, SHIB is within reach of setting a new all-time high, a goal that hinges on surpassing several key resistance levels identified by an expert crypto trader. Crypto analyst and trader who uses the X handle @rektcapital recently shared his expertise on SHIB’s performance through a series of tweets. One notable tweet highlighted SHIB’s extraordinary surge of over 400% on March 5, bringing it tantalizingly close - [Shib Names by D3](https://news.shib.io/2024/03/06/what-is-in-a-name/): Read the latest edition of The Shib Magazine! - [Binance Slams $10B Fine Claims as Nigerian Government Clarifies Allegations](https://news.shib.io/2024/03/03/misinformation-alert-binance-not-facing-10b-fine-nigerian-government-confirms/): Last week, allegations surfaced, claiming a $10 billion fine was imposed upon Binance after the detention of two senior executives by Nigerian authorities. Yet, a Nigerian government official,  released a resolute statement decisively debunking claims of a multi-billion-dollar penalty and emphasizing that his remarks had been misconstrued. Bayo Onanuga, President of Nigeria’s Special Adviser on Information and Strategy, clarified that he never asserted Binance had been formally notified of any fine or that Nigerian regulators had concluded such penalties.  “I said our government may impose heavy fines on Binance for what happened,” Onanuga stated to a local news outlet. “I - [Crypto Security Alarm: February Sees a 98% Explosion in Hacking Incidents, $300M Looted](https://news.shib.io/2024/03/03/crypto-security-alarm-february-sees-a-98-explosion-in-hacking-incidents-300m-looted/): The cryptocurrency community was rocked by a startling report summarizing hacking activities launched in February, revealing an unprecedented 98% surge in hacking incidents, resulting in the looting of over $300 million. This dramatic escalation not only underscored the burgeoning vulnerabilities within digital asset security frameworks but also marked a significant uptick in the sophistication and audacity of cyber criminals targeting the nascent crypto sector. There was a 197.67% month-over-month increase in the total amount of assets stolen in February 2024. Despite this staggering increase, there was a 30% decrease in the number of hacking incidents compared to January, with only - [Shibarium Discord Mods Say $TREAT Official Contract Is Not Yet Released, Warn Against Scammers](https://news.shib.io/2024/03/01/shibarium-discord-mods-say-treat-official-contract-is-not-yet-released-warn-against-scammers/): The emergence of TREAT phonies is not new, but a warning to all members of the Shib Army is in order following the debut of the official $TREAT account on X, gaining over 4k followers in just 24 hours. Shibarium Tech Discord moderators encourage everyone to look for the blue check and the Shiba Inu badge next to the X name before following any account that claims to represent the “access token for all things Shib.io,” which will fuel the Shiba State’s entrepreneurial governance. Throughout the final months of 2023, Shiba Inu team members have repeatedly warned against malicious actors - [SHIB ETF Petition Aims to Increase SHIB Accessibility and Community Growth](https://news.shib.io/2024/03/01/shib-etf-petition-aims-to-increase-shib-accessibility-and-community-growth/): The Shiba Inu community recently started a Change.org petition pushing for Grayscale Investments to explore the possibility of creating a Shib exchange-traded fund (ETF). With the rise of ETFs for other digital assets, the Shib Army is optimistic that a SHIB ETF could attract more traditional institutional investors. This move could potentially increase Shib’s popularity and bring in significant investments, similar to the success seen with newly launched Bitcoin ETFs.   The petition has 2,900 signatures as of writing, following a resounding feat of surpassing 2,000 signatures in less than 48 hours. The content of the petition, addressed to Grayscale - [Shiba Inu's Lucie Sounds Alarm on Counterfeit Sheboshis](https://news.shib.io/2024/04/08/shiba-inus-lucie-sounds-alarm-on-counterfeit-sheboshis/): The Shiba Inu community, known for its fervent support and enthusiasm, has recently been rocked by a concerning development in the form of counterfeit Sheboshis. These tokens, which gained traction in the crypto market toward the end of February, have attracted considerable attention. However, amid their rising popularity, a troubling trend of fake tokens posing as genuine Sheboshis has emerged, posing risks to investors and community members alike. In response to this alarming situation, Lucie, a key member of the Shiba Inu team, took to Twitter to highlight the critical differences between authentic Sheboshi tokens and their fraudulent counterparts. One - [Mantra Protocol Steps On The Gas: Launches New Feature Revolutionizing Reward Collection in Shibarium](https://news.shib.io/2024/04/08/mantra-protocol-steps-on-the-gas-launches-new-feature-revolutionizing-reward-collection-in-shibarium/): Mantra Protocol, following its launch of the Easter Egg event to support the DAMN meme coin, once again expanded its arsenal of user-centric features with the launch of “NFT Yields.” This latest feature is designed to revolutionize how rewards are collected from various projects within the Shibarium ecosystem. Tackling the Complexity of NFT Rewards The Shibarium NFT ecosystem, known for its rapid development and diverse reward mechanisms, presents a unique challenge for holders: navigating the intricate landscape of staking rewards. As projects within the ecosystem begin to offer a variety of rewards, the process of tracking and claiming these benefits - ['Shiba Eternity' Drops Highly Anticipated Major Update!](https://news.shib.io/2024/04/08/breaking-news-shiba-eternity-drops-highly-anticipated-major-update/): The highly anticipated major update for “Shiba Eternity,” Shiba Inu’s collectible card game (CCG) is now live, bringing a plethora of enhancements including bug fixes and performance optimizations, to name a few.  Players eager to dive back into the game and explore the latest improvements can visit the latest patch on both Google Play Store and Apple App Store.  - [Binance's Colossal Shiba Inu Holdings Surpass User Deposits by 3.59%](https://news.shib.io/2024/04/08/binances-colossal-shiba-inu-holdings-surpass-user-deposits-by-3-59/): Binance, the world’s largest cryptocurrency exchange, has revealed its updated Proof-of-Reserve (PoR) report for March 2024, highlighting a substantial holding of 67.67 trillion Shiba Inu (SHIB) tokens. The report, audited on April 1, 2024, shows that Binance’s SHIB reserve exceeds users’ deposits by 3.59%, with a net balance of 65.32 trillion tokens and a collateralization ratio of 103.60%. The latest report suggests that both Binance and its customers’ net balances represent a slight decrease from the figure recorded in January. As of February 1, Binance had a net balance of 69.4 trillion SHIB, with a collateralization ratio of 103.6%. Binance’s PoR - [SHIB Burns Surge to 305% as Mysterious Whale Incinerates 91 Million Coins](https://news.shib.io/2024/04/08/shib-burns-surge-to-305-as-mysterious-whale-incinerates-91-million-coins/): In a recent surge, the Shiba Inu (SHIB) burn rate has jumped by 305%. Ninety-one million coins were destroyed in the past 24 hours, according to data from Shibburn. This massive burn milestone was achieved through ten transactions, with the majority of the tokens destroyed in a single transfer carrying 91,102,596 SHIB. This burning spree was carried out by a mysterious cryptocurrency whale, driving the overall daily burn rate up by 305%. In addition to the surge in SHIB burns, popular blockchain sleuth Whale Alert has reported an astounding amount of almost 700 billion SHIB moved from the top exchange Crypto.com. A - [China Southern Fund Eyes Bitcoin ETF Launch Via Hong Kong](https://news.shib.io/2024/04/08/china-southern-fund-eyes-bitcoin-etf-launch-via-hong-kong/): China Southern Fund ($284 billion) is reportedly eyeing the launch of a Bitcoin Exchange-Traded Fund (ETF) via Hong Kong. This follows the approval of the first spot Bitcoin ETF by the U.S. Securities and Exchange Commission in January of the current year. The move comes amid a sustained rally in cryptocurrency prices and Hong Kong’s intensified endeavors to establish itself as a global fintech hub. Industry insiders anticipate potential listings as early as the year’s second quarter. According to reports, Harvest Fund Management ($230 billion assets under management), a leading Chinese asset management company, has already submitted a spot Bitcoin ETF - [Setting New Standard: K9 DAO Leads the Charge in DeFi with Trailblazing Governance Model](https://news.shib.io/2024/04/08/setting-new-standard-k9-dao-leads-the-charge-in-defi-with-trailblazing-governance-model/): K9 DAO is carving out its legacy as a beacon for the broader cryptocurrency community in a digital landscape where the principles of transparency and decentralized governance gain ever-increasing attention.  Championing a governance model replete with innovative processes and a strong emphasis on community participation, K9 DAO is setting the standard for how decentralized autonomous organizations (DAOs) can drive the future of decentralized finance (DeFi). Empowering Governance Through Community Involvement Central to K9 DAO’s philosophy is a dynamic governance model that empowers every token holder to have a say in the organization’s direction. The journey of governance initiates at the - [Coinbase Win, Industry Victory: Court Declares Crypto Not Securities On Secondary Markets](https://news.shib.io/2024/04/08/coinbase-win-industry-victory-court-declares-crypto-not-securities-on-secondary-markets/): A U.S. court in a pivotal verdict last Friday handed down a decision significantly favoring Coinbase and the cryptocurrency sector at large. The U.S. Court of Appeals for the Second Circuit declared that cryptocurrencies are not considered securities in secondary market trades, a determination that not only vindicates Coinbase’s operations but may also reshape the regulatory framework for digital assets in the U.S. Legal Battle Highlights The case saw plaintiffs Louis Oberlander, Christopher Underwood, and Henry Rodriguez accuse Coinbase of breaching both federal and state securities laws through its cryptocurrency trading activities. Their allegations, spanning a class action suit, targeted - [Shiba Inu Expands Horizon, Achieves Market Presence Without Spending A Dime](https://news.shib.io/2024/04/08/shiba-inu-expands-horizon-achieves-market-presence-without-spending-a-dime/): Shiba Inu significantly bolstered its market presence within the competitive cryptocurrency arena, all without parting with a single dime, underlining its remarkable market ingenuity. Nexo’s Stamp of Approval Last Friday marked a significant milestone for Shiba Inu, as Nexo, a prominent name in crypto finance known for its pioneering crypto-backed credit card, officially welcomed the Shiba ecosystem’s native token into its fold. The announcement, made last Friday on the social media platform X (formerly Twitter), underscored the seamless integration of Shiba Inu into everyday financial transactions and investment strategies, read: “$SHIB is live on Nexo. Buy with card in seconds. - [Spot Ethereum ETFs' High-Stakes Regulatory Saga: JPM Anticipates Approval As SEC Seeks Public Comments On Proposals](https://news.shib.io/2024/04/08/spot-ethereum-etfs-high-stakes-regulatory-saga-jpm-anticipates-approval-as-sec-seeks-public-comments-on-proposals/): The financial community, buoyed by the successful launch of spot Bitcoin ETFs in the U.S. last Fall—a move that led to a whopping $12 billion in net inflows since inception—is now keenly focused on Ethereum. With the U.S. Securities and Exchange Commission’s (SEC) decision on spot Ethereum ETFs on the horizon, issuers are hopeful for an approval that could potentially eclipse the success of their Bitcoin counterparts. Yet, as the SEC deliberates, the split in industry expectations casts a veil of uncertainty over Ethereum’s fate in the growing ETF market. JPMorgan’s Outlook As the financial world speculates on the future - [Bone ShibaSwap Holders Buckle Up: Crypto Tracker Foresees Binance Listing in 2024](https://news.shib.io/2024/04/08/bone-shibaswap-holders-buckle-up-crypto-tracker-foresees-binance-listing-in-2024/): Bone ShibaSwap (BONE) could embark on an exciting trajectory, set to potentially witness a surge in price and a significant increase in holders. The spotlight shines brightly on this crypto asset as a leading crypto-tracking platform recently unveiled a compelling projection: the forthcoming listing of Shibarium’s gas fee token on Binance this year. A Strategic Addition to Binance CoinPedia Markets, a cryptocurrency tracker, made waves in the crypto community with its bold announcement on X (formerly Twitter), heralding the listing of Bone ShibaSwap on Binance in 2024, alongside other esteemed crypto assets. But why will Binance, one of the world’s - [Bhutan to Triple Its Bitcoin Mining Capacity Amid Upcoming Halving](https://news.shib.io/2024/04/05/bhutan-to-triple-its-bitcoin-mining-capacity-amid-upcoming-halving/): Bhutan, in collaboration with Nasdaq-listed mining conglomerate Bitdeer, is set to expand its Bitcoin mining capacity by 500 megawatts in 2025. This move aims to mitigate the anticipated revenue impact of the upcoming fourth halving event. The Himalayan kingdom, through its investment arm Druk Holding & Investments (DHI), is gearing up to boost its mining production by introducing state-of-the-art hardware and utilizing the nation’s abundant hydroelectric power resources. Bitdeer’s chief business officer, Matt Linghui Kong, revealed that the planned upgrades are expected to boost Bhutan’s mining capacity by 500 megawatts, reaching a total of 600 megawatts by the first half - [Philippines Securities Watchdog Issues Stern Warning: Massive Fines, Decades Behind Bars for eToro Advocates](https://news.shib.io/2024/04/05/philippines-securities-watchdog-issues-stern-warning-massive-fines-decades-behind-bars-for-etoro-advocates/): The Securities and Exchange Commission (SEC) of the Philippines turned its regulatory spotlight onto global online trading behemoth eToro, following its recent actions against Binance’s operations in the country.  In a public advisory issued last month and made available to the public on Thursday by the SEC’s Enforcement and Investor Protection Department, the commission explicitly stated that eToro, a renowned social investment and multi-asset brokerage firm, is “not authorized to sell or offer securities to the public in the Philippines.”  This assertion stemmed from a comprehensive review of the SEC’s database, which revealed that eToro’s operating entity is not registered - [South Korea Strengthens Crypto Regulations with Stricter Token Listing Guidelines](https://news.shib.io/2024/04/05/south-korea-strengthens-crypto-regulations-with-stricter-token-listing-guidelines/): South Korea, a major player in the global cryptocurrency market, is set to introduce new guidelines for token listings on centralized exchanges, aiming to impose stricter regulations and enhance investor protection. The Financial Services Commission (FSC) in South Korea is driving these changes, which include preventing cryptocurrencies that have experienced hacking incidents from being listed on local exchanges and requiring foreign projects to develop whitepapers tailored for the local market. The new guidelines, expected to be released later this month, will focus on promoting transparency and investor protection. Tokens from projects that have been victims of hacking incidents and have - [March's Bullish Momentum Fades as Bitcoin Enters April on a Downtrend](https://news.shib.io/2024/04/05/marchs-bullish-momentum-fades-as-bitcoin-enters-april-on-a-downtrend/): March’s promising bullish momentum in the cryptocurrency market seems to have lost its steam, as Bitcoin embarks on a downward trend at the onset of April. Despite the positive strides and upward trajectory witnessed throughout March, Bitcoin’s recent performance indicates a shift in market sentiment and trading dynamics as the new month unfolds. The current month started Monday with Bitcoin, the world’s largest crypto asset by market cap and several other cryptocurrencies experiencing a decline, breaching crucial support levels in what appeared to be a result of reduced market liquidity during the extended Easter weekend. While this downturn did not - [ByBit Models Transparency with Record-Breaking Proof-of-Reserves Audit of 40+ Tokens](https://news.shib.io/2024/04/05/bybit-models-transparency-with-record-breaking-proof-of-reserves-audit-of-40-tokens/): In a groundbreaking move, ByBit, the world’s third-largest crypto exchange by trading volume, has announced a landmark proof-of-reserves audit covering a total of 40 cryptocurrencies. This initiative places ByBit at the forefront of audited assets, surpassing its competitors with the highest number of assets verified in the industry. The recent audit not only encompasses established cryptocurrencies like Bitcoin, USDT, and Ether but also includes newly added tokens such as WLD, AGI, APEX, BEAM, FET, GALA, IMX, RNDR, and SHRAP. ByBit assures that each of these 40 tokens is fully backed up to 150%, underscoring the exchange’s commitment to robustness and - [Market Insights: Shiba Inu Flashes Bullish Signals, Primed for Surge](https://news.shib.io/2024/04/05/market-insights-shiba-inu-flashes-bullish-signals-primed-for-surge/): Shiba Inu recently emerged as a focal point of investor attention as it showcased promising signs of bullish momentum. With key market indicators flashing positive signals, the native token of the Shiba ecosystem appears to be primed for a remarkable surge in the future. In a recent announcement on the social media platform X (formerly Twitter), social intelligence firm LunarCrush shed light on the bullish signals emanating from Shiba Inu, underscoring the dog-themed altcoin’s robust positive momentum. One standout bullish signal for Shiba Inu is its impressive LunarCrush AltRank of 2. This proprietary ranking system evaluates the overall performance and - [Here's How to Create and Sell Your First NFT](https://news.shib.io/2024/04/05/heres-how-to-create-and-sell-your-first-nft/): The world of crypto art is experiencing a renaissance, and Non-Fungible Tokens (NFTs) are at the forefront of this revolution. Whether you’re an artist, creator, or simply curious about this digital phenomenon, this step-by-step guide will help you create and sell your first NFT. What Is an NFT? Let’s start with the basics. NFT stands for Non-Fungible Token. Think of it as a digital certificate of authenticity. In the physical world, works of art come with receipts certifying their genuineness. NFTs serve the same purpose but for digital items. They allow files like GIFs, videos, images, and music to be certified as one-of-a-kind. Thanks - [Bitcoin vs. Gold: Clash of Titans in the Investment Arena](https://news.shib.io/2024/04/04/bitcoin-vs-gold-clash-of-titans-in-the-investment-arena/): The debate between Bitcoin and gold as investment options has intensified, with industry leaders presenting contrasting views. Peter Schiff, a renowned economist and vocal Bitcoin critic, has once again stirred the crypto space by advising Bitcoin holders to trade their holdings for gold and silver. Schiff, who has consistently favored gold as a more dependable and secure investment, believes that the current market conditions present a favorable opportunity for such a transition. On the other hand, financial guru Peter Brandt has expressed his confidence in Bitcoin, stating that it is destined to outshine gold in the long run. Brandt pointed - [Analyst Highlights Key Moments When Shiba Inu May Flip Dogecoin](https://news.shib.io/2024/04/04/analyst-highlights-key-moments-when-shiba-inu-may-flip-dogecoin/): A crypto trader identified pivotal moments where Shiba Inu may potentially surpass Dogecoin, shedding light on the ongoing rivalry between the two meme coins. The trader’s analysis offered a glimpse into the future dynamics of the cryptocurrency market.  The rivalry between Shiba Inu and Dogecoin has captured the attention of investors and enthusiasts. As the two largest players in the meme coin sphere based on market capitalization, their battle for dominance has been a subject of much speculation. A recent analysis provided by pseudonymous crypto trader Altcoin Sherpa sheds light on key moments when Shiba Inu may potentially surpass Dogecoin. - [Morgan Stanley and UBS Vie for First Spot in Offering Spot Bitcoin ETFs](https://news.shib.io/2024/04/04/morgan-stanley-and-ubs-vie-for-first-spot-in-offering-spot-bitcoin-etfs/): Leading investment banks Morgan Stanley and UBS are locked in a competitive race to be the first to offer spot Bitcoin exchange-traded funds (ETFs) to their clients in the U.S. This development signifies a major step toward the mainstream adoption of cryptocurrencies within the traditional financial sector. Unverified Insider Information Hints at Launch Dates Citing industry sources, crypto enthusiast @AP_Abacus suggests an imminent launch, with Morgan Stanley aiming to become the first wirehouse to fully approve a Bitcoin ETF. Andrew’s report on Tuesday indicates that UBS is also preparing to approve Bitcoin ETFs next week. The news aligns with recent - [SHIB ARMY Celebrates: Shiba Inu Creator's Social Media Account Achieves Coveted Blue Tick](https://news.shib.io/2024/04/04/shib-army-celebrates-shiba-inu-creators-social-media-account-achieves-coveted-blue-tick/): The Shib Army, the passionate community of Shiba Inu enthusiasts, erupted in celebration today as news spread that the official X (formerly Twitter) account of Ryoshi, the pseudonymous creator of Shiba Inu, achieved the coveted verification status. This development marks a significant milestone for the cryptocurrency’s devotees, who have long awaited this recognition for the enigmatic figure behind one of the most popular meme coins in the market. Ryoshi, whose real identity remains a mystery, last interacted publicly with the community over two years ago before embarking on a hiatus, during which he deleted all his posts across social media - [Bitcoin Cash Soars 10% After Its Second Halving](https://news.shib.io/2024/04/04/bitcoin-cash-soars-10-after-its-second-halving/): Bitcoin Cash (BCH) has surged over 10% following the successful completion of its second halving event on April 4. Following a steady upward trend, Bitcoin Cash (BCH) has experienced a 23% surge in the past week and a significant 43% increase over the past month, reaching its highest price point since May 2021, trading at around $673 at the time of writing. The recent halving event, which occurred at block height 840,000, cut miner rewards from 6.25 BCH to 3.125 coins per block following the network’s first halving event in April 2020. Market analysts attribute this price surge to a - [Shiba Inu Steals the Spotlight: Finds Place Among Most Popular Crypto in World's Cereal Capital](https://news.shib.io/2024/04/04/shiba-inu-steals-the-spotlight-finds-place-among-most-popular-crypto-in-worlds-cereal-capital/): Securing the title as March’s most traded cryptocurrency on India’s principal exchange, Shiba Inu (SHIB) then seized the spotlight in U.S. state of Michigan, distinguishing itself as one of the most sought-after crypto assets. This accolade positions SHIB in this particular category, ahead of Ethereum and other leading altcoins, underlining its expanding popularity and commanding presence in the dynamic cryptocurrency market. A recent study by crypto casino Bombastic.com unveiled a keen interest in cryptocurrencies among the residents of Michigan, famously dubbed the world’s cereal capital. The study, which analyzed Google search data over the past year, revealed a diverse blend - [Learn Some Best Practices for Cryptocurrency Security](https://news.shib.io/2024/04/04/learn-some-best-practices-for-cryptocurrency-security/): Cryptocurrencies have reshaped the financial landscape, offering unparalleled autonomy and oversight of your finances. Yet, amid this dynamism, risks abound. Scams, hacks, and thefts are prevalent, posing significant threats to investors. According to a recent report by PeckShield, “March 2024 witnessed 30+ hacks in the crypto space, resulting in ~$187.29 million in losses, with ~$98.8 million recovered.” To safeguard your digital assets, adhere to these fundamental security principles: Understand Cryptocurrency Security The essence of cryptocurrency security lies in shielding your digital assets from theft, unauthorized access, and fraudulent activities. Secure key management, multi-factor authentication, and encryption are pivotal in fortifying - [Google Sues Alleged Crypto Scammers for Fraudulent Apps on Play Store](https://news.shib.io/2024/04/04/google-sues-alleged-crypto-scammers-for-fraudulent-apps-on-play-store/): Google has initiated legal action against two individuals accused of featuring a series of fraudulent cryptocurrency trading apps and investment platforms on its Play Store. The lawsuit was filed in a New York federal court Thursday. The tech giant alleges that these apps, purportedly designed for trading cryptocurrencies, were, in fact, instruments of a scam that exploited unsuspecting users, a scheme reminiscent of the notorious “pig butchering” romance scam. The accused perpetrators, identified as two app developers based in China and Hong Kong, allegedly uploaded 87 fraudulent apps, collectively ensnaring over 100,000 users who fell victim to their deceptive practices. - [Singapore Government Approves GSR Markets for OTC Crypto Trading](https://news.shib.io/2024/04/04/singapore-government-approves-gsr-markets-for-otc-crypto-trading/): In a significant move towards embracing cryptocurrencies, the Singaporean government has granted GSR Markets, a Hong Kong-based crypto market maker, a license for its Singaporean division to offer over-the counter (OTC) services. GSR Singapore has officially been granted a Major Payment Institution license, as detailed in a report. This allows the crypto market agency to conduct spot OTC and market-making services within Singapore’s regulatory framework. It had previously secured an in-principle approval from the Monetary Authority of Singapore (MAS) back in September. This license marks a significant milestone for GSR Markets, as it is one of the first companies of - [Massive Hoarding: Newly-Born Shiba Inu Whales Buy The Dip, Move Nearly $5M Worth Of SHIB](https://news.shib.io/2024/04/04/massive-hoarding-newly-born-shiba-inu-whales-buy-the-dip-safeguard-nearly-5m-worth-of-shib/): A new cohort of Shiba Inu whales has decisively capitalized on recent price dips, collectively securing holdings worth an estimated $5 million in SHIB, in a bold move that underscores major investors’ confidence in the world’s second-largest dog-themed altcoin by market capitalization. Binance and Coinbase, the global titans of centralized crypto exchanges, have experienced a notable exodus of Shiba Inu (SHIB) tokens. This departure, involving billions of tokens amounting to nearly $5 million in value, was orchestrated by a newly emerged group of investors, colloquially termed ‘newly born whales.’ These significant withdrawals were meticulously tracked and highlighted by the on-chain - [K9 Finance Unveils Fresh Preview of Next-Gen DeFi Product on Shibarium](https://news.shib.io/2024/04/04/k9-finance-unveils-fresh-preview-of-next-gen-defi-product-on-shibarium/): Following the successful organic listing of its native token $KNINE on a major global crypto exchange platform, K9 Finance has once again captured the spotlight with a significant update that underscores its unwavering dedication to its roadmap and timely execution of goals. Highlighting its commitment to innovation and excellence in the DeFi space, Buzz, its pseudonymous founder, revealed through a sneak peek the development of a next-generation product crafted with precision and innovation, specifically developed for the Shibarium network. In the latest tease that thrilled the community, Buzz released a second sneak peek of its much-anticipated product. This latest preview - [Binance Urges Nigeria to Free Former US Federal Agent-Turned Crypto Exec Gambaryan](https://news.shib.io/2024/04/04/binance-urges-nigeria-to-free-former-us-federal-agent-turned-crypto-exec-gambaryan/): Binance, the world’s largest crypto exchange by trading volume, has penned a statement to Nigerian authorities, urging them to release Tigran Gambaryan, its financial crime compliance head, who has been detained in the country since Feb. 25.  In its plea for the detained executive’s release, Binance brought highlighted the impact of his professional work on global law enforcement and financial compliance. The firm showcased the unwavering dedication of Gambaryan in fostering regulatory transparency and his vital role in international and Nigerian initiatives aimed at curbing financial crimes.  Moreover, Binance emphasized Gambaryan’s distinguished career as a U.S. Federal Agent, where his - [Inside Scoop: Prosecutor Reveals Trump Card Accelerated SBF's Conviction](https://news.shib.io/2024/04/03/inside-scoop-prosecutor-reveals-trump-card-accelerates-sbfs-conviction/): In a startling revelation, the rapid progression of the prosecution against Sam Bankman-Fried, the disgraced crypto mogul convicted of seven counts of fraud, conspiracy, and money laundering, has been attributed primarily to the cooperation of FTX co-founder and chief software engineer Gary Wang, according to a U.S. prosecutor.  The latest development sheds new light on the behind-the-scenes dynamics of the case, showcasing the pivotal role played by key figures within FTX, the fallen crypto empire, against their former boss and friend. “This case moved at lightning speed,” remarked U.S. Attorney Damian Williams to the press following Bankman-Fried’s conviction last week.  - [Nigeria Files Additional Charges Against Binance and Its Detained Executive](https://news.shib.io/2024/04/03/nigeria-files-additional-charges-against-binance-and-its-detained-executive/): The global cryptocurrency exchange Binance finds itself embroiled in deeper woes in Nigeria as its United States-based executive, Tigran Gambaryan, remains detained in the country even as fresh charges are levied against the platform. Binance has been actively engaging with Nigerian authorities since allegations emerged linking the crypto exchange to the depreciation of the Nigerian naira in February. Bayo Onanuga, the presidential adviser on information and strategy, even suggested banning platforms like Binance within the country. In response to the looming threat of a ban, two senior Binance executives, Gambaryan and Nadeem Anjarwalla, traveled to Nigeria to hold discussions with - [WAGMI Crew](https://news.shib.io/2024/04/03/wagmi-crew/): Read the latest edition of The Shib magazine here. - [Catch the Wave: Shiba Inu's Price Looks Set to Soar, Analyst Says 'Watch SHIB Closely'](https://news.shib.io/2024/04/03/catch-the-wave-shiba-inus-price-looks-set-to-soar-analyst-says-watch-shib-closely/): Following a recent downturn, a fresh wave of optimism has been injected into the Shiba Inu (SHIB) community, underlining that the token stands on the cusp of a significant value increase. A bullish forecast from a crypto trading analyst suggests that holders and traders should keep a close eye on the token’s movements in the coming days, pointing to its imminent potential for a major market breakthrough. A recent assessment by the crypto trading analyst using the handle MBM_Crypto on the charting platform TradingView turned the spotlight on Shiba Inu, which they highlighted, is poised on the edge of a - [SHIB Is Lead Sponsor of Highly Anticipated Meme Night Cocktail Reception](https://news.shib.io/2024/04/03/shib-is-lead-sponsor-of-highly-anticipated-meme-night-cocktail-reception/): Get ready for a night of laughter, camaraderie, and all things memes as SHIB steps in as the lead sponsor for the highly anticipated Meme Night Cocktail Reception, hosted by Metis and FreeLabs. The Event The unforgettable evening, scheduled for the evening of April 16, will be held at the 88 Terrace on Bluewaters Island in Dubai. The exclusive event brings together degens, KOLs, and crypto enthusiasts alike for an evening of networking, storytelling, and celebrating the vibrant meme culture that permeates the Web3 space. Food, Drinks, and Meme Mania The night promises an exciting atmosphere fueled by delicious food - [Despite Regulatory Uncertainty, Indians Trust Crypto: Giottus CEO](https://news.shib.io/2024/04/03/despite-regulatory-uncertainty-indians-trust-crypto-giottus-ceo/): India’s relationship with cryptocurrencies is akin to a delicate dance, marked by curiosity, regulation, and a pervasive sense of uncertainty. Despite the regulatory haze surrounding the crypto landscape, approximately 7 million Indians have ventured into the digital assets world, investing over $1 billion. However, amid this burgeoning interest, the legal terrain remains murky, presenting various challenges ranging from contractual ambiguity to privacy concerns. To grapple with this evolving landscape, the Indian government has taken some steps, such as imposing a 30% tax on crypto income. Nevertheless, cryptos are yet to be recognized as legal tender in the country, leaving a - [Shiba Inu Sponsors Token 2049 Dubai, Offers Ticket Giveaway](https://news.shib.io/2024/04/03/shiba-inu-sponsors-token-2049-dubai-offers-ticket-giveaway/): Shiba Inu (SHIB) has announced its participation as a Gold Sponsor for the upcoming Token 2049 conference in Dubai. The event, scheduled for April 18-19, is a major gathering in the cryptocurrency space. SHIB’s sponsorship signifies its growing recognition within the cryptocurrency industry. Shiba Inu is giving away one free ticket to the event to celebrate its sponsorship. Interested participants can enter the giveaway by liking and retweeting the announcement on the Shiba Inu Twitter account. The giveaway presents an exciting opportunity for crypto enthusiasts to attend a premier industry event. The premier crypto event will bring together over 10,000 attendees from 5,000+ - [Shiba Inu Reigns Supreme: Surpasses Bitcoin as Top-Traded Cryptocurrency In Major Indian Exchange](https://news.shib.io/2024/04/02/shiba-inu-reigns-supreme-surpasses-bitcoin-as-top-traded-cryptocurrency-in-major-indian-exchange/): Shiba Inu has remarkably eclipsed Bitcoin, securing the title of the most traded digital asset on one of India’s leading cryptocurrency exchanges. This significant milestone represents a pivotal moment in the cryptocurrency landscape, underscoring not only the increasing allure and adoption of alternative coins (altcoins) among Indian investors but also amplifying the presence and influence of its enthusiastic supporter base, known as the Shib Army, within the South Asian nation. WazirX, a pivotal member of the esteemed Binance conglomerate and India’s leading cryptocurrency exchange since its inception in 2018, has emerged as a cornerstone of trust in the rapidly expanding - [Bitcoin Retreats to $64K, Historical Parallels Emerge with Liquidations Soaring Over $460M](https://news.shib.io/2024/04/02/bitcoin-retreats-to-64k-historical-parallels-emerge-with-liquidations-soaring-over-460m/): Bitcoin, the pioneer cryptocurrency, took a sharp nosedive, finding itself perched at the $64,000 mark on Tuesday. This substantial double-digit drop hacked away over 12% from its lofty all-time high of approximately $73,500 not only echoes historical data but also triggered a flurry of liquidations, tallying around $460 million. In mid-March, astute analysts keenly noted that the king of crypto was flashing early indicators of a bullish resurgence. These inklings, marked by discernible trading patterns and a robust influx of investments indicate that Bitcoin is primed for a significant upturn despite experiencing volatility. Bitcoin wrapped up the previous month on - [UK Court Freezes Craig Wright's Assets Amid Satoshi Nakamoto Identity Dispute](https://news.shib.io/2024/04/02/uk-court-freezes-craig-wrights-assets-amid-satoshi-nakamoto-identity-dispute/): A court in the U.K. has frozen assets worth £6 million (approximately $7.6 million) belonging to Craig Wright, preventing him from evading legal costs stemming from a lawsuit in which he asserted himself as Satoshi Nakamoto, the founder of Bitcoin. The decision came after it was discovered that Wright had moved assets out of the U.K. following a prior court dismissal of his claim to be Nakamoto. Specifically, he transferred shares from his London-based company, RCJBR Holding, to a Singaporean firm on March 18, raising concerns about his intentions. Judge James Mellor, in response to these actions, expressed serious concerns - [Singapore Monetary Authority Expands Regulatory Scope for Digital Payment Token Services](https://news.shib.io/2024/04/02/singapore-monetary-authority-expands-regulatory-scope-for-digital-payment-token-services/): The Monetary Authority of Singapore (MAS) has taken significant steps to enhance the regulatory framework for digital payment tokens. In an announcement Tuesday, MAS revealed amendments to the Payment Services Act and its subsidiary laws, aimed at broadening the range of payment services subject to regulation. Key Changes The amendment primarily focuses on imposing user protection and financial stability-related requirements on Digital Payment tokens (DPT) service providers. Here are the key changes: Anti-Money Laundering and Counter-Terrorism Financing MAS emphasizes that the amendments serve a dual purpose: safeguarding users and maintaining financial stability. By extending regulatory oversight to a wider range - [SBF's Moral Quandary: The Many Times Crypto's 'Golden Boy' Denied Culpability](https://news.shib.io/2024/04/02/sbfs-moral-quandary-the-many-times-cryptos-golden-boy-denied-culpability/): On numerous occasions, Sam Bankman-Fried (SBF), the disgraced crypto mogul of the then-$32 billion crypto empire FTX, asserted his belief that his actions were not in violation of the law.  His steadfast denial, however, stood in stark contrast to the court’s verdict, which found him guilty on seven criminal charges, including fraud and conspiracy and sentenced him to 25 years in prison. Even before and throughout the tumultuous proceedings, SBF’s public statements veered between denial and blame. Following his sentencing, the fallen crypto king spoke for the first time and expressed his disbelief at the legality of his actions, saying, - [How to Choose the Best Crypto Investments](https://news.shib.io/2024/04/02/how-to-choose-the-best-crypto-investments/): Cryptocurrencies have surged in popularity, attracting both seasoned investors and newcomers. If you’re considering diving into this dynamic market, it’s essential that you make informed decisions. Here are key factors to consider when selecting the best crypto investments: 1. Understand the Basics Before investing, grasp the fundamentals of blockchain technology, decentralized finance (DeFi), and key terms. Recognize market volatility, regulatory challenges, and technological advancements. A solid understanding will guide your investment choices. 2. Define Your Objectives Narrow your focus by clarifying your goals. Ask yourself: 3. Do Deep Research Explore different types of cryptocurrency investments: 4. Evaluate Reliable Sources Seek advice from reputable sources: - [Crypto Hacks Decline In March, More Than Half The Funds Recovered: PeckShield Data](https://news.shib.io/2024/04/02/crypto-hacks-decline-in-march-more-than-half-the-funds-recovered-peckshield-data/): Security breaches continue to pose significant challenges in the crypto world. Over 30 hacking incidents occurred in March, leading to a loss of roughly $187.29 million in stolen crypto funds, data from blockchain security firm PeckShield shows. According to its latest report released April 1, the crypto market witnessed a decline in hacking incidents in March, although losses still surpassed those of January. The report said that over 30 hacks occurred during March, resulting in approximately $187.29 million in losses. However, the recent data offers hope amid the turbulence. The recovery efforts yielded a substantial return of $98.8 million to - [Understanding the Red Ink in the Crypto Markets](https://news.shib.io/2024/04/02/understanding-the-recent-downtrend-in-crypto-markets/): The global crypto market sent shockwaves through investors as it experienced a notable downturn, witnessing a 7% decrease in total market capitalization to approximately $2.52 trillion within the past 24 hours. Several pivotal factors contributed to this decline, influencing investor sentiment and shaping market dynamics. The recent decline in the cryptocurrency market can be attributed, in part, to shifting expectations regarding the Federal Reserve’s monetary policy. This change in sentiment was triggered by stronger-than-expected U.S. manufacturing data reported by the U.S. Institute of Supply Management on Monday. The data revealed a notable 2.5% increase in its manufacturing index, signaling the - [Investment Avalanche: Trillion-Dollar Influx into Bitcoin Market Possible With BTC ETF At Play](https://news.shib.io/2024/04/02/investment-avalanche-trillion-dollar-influx-into-bitcoin-market-possible-with-btc-etf-at-play/): Bitcoin, the cornerstone of the cryptocurrency market, continues to captivate global attention with its volatile price movements and transformative potential. In a strikingly optimistic forecast that underscores the growing institutional interest in cryptocurrency, Bitwise Chief Investment Officer Matt Hougan has predicted a monumental $1 trillion inflow into the market, driven by institutional allocations to newly-listed spot Bitcoin exchange-traded funds (ETFs). Hougan’s forecast hinges on a compelling scenario: if global wealth managers allocate just 1% of their portfolios to Bitcoin, it could trigger a transformative influx of capital into the cryptocurrency space. With institutional investors collectively managing assets exceeding $100 trillion - [Tether Accumulates Nearly 8,889 Bitcoin in Holdings During First Quarter](https://news.shib.io/2024/04/01/tether-accumulates-nearly-8889-bitcoin-in-holdings-during-first-quarter/): Tether, the issuer of USDT (Tether), the world’s largest stablecoin by market capitalization, has quietly bolstered its Bitcoin (BTC) reserves in the first quarter of 2024. According to Arkham Intelligence, Tether added nearly 8,889 BTC to its reserves during this period. Despite no official announcement from Tether, a wallet believed to be associated with the company received a substantial influx of Bitcoin on March 31. The wallet now holds precisely 8,888.8888 BTC, a move consistent with Tether’s previously stated intention to allocate a portion of its profits toward acquiring Bitcoin. As of the current BTC price of approximately $69,000, this wallet’s holdings - [BONE's Meteoric Rise: Shibarium's Gas Fee Token Dominates and Soars as the Crypto Darling](https://news.shib.io/2024/04/01/bones-meteoric-rise-shibariums-gas-fee-token-dominates-and-soars-as-the-crypto-darling/): Bone ShibaSwap (BONE) has vaulted to the pinnacle of the crypto world, clinching the title of the top favorite cryptocurrency. This crowning achievement isn’t just a nod to BONE’s surging popularity; it’s a loud shout-out to the might and dedication of the Shib Army—the fiercely loyal and zealous advocates of the Shiba Inu ecosystem. Crypto price tracking platform Coinpedia Markets made a notable announcement Monday via X (formerly Twitter), revealing that BONE, the official gas fee token of Shiba Inu’s Layer-2 network, Shibarium, has achieved the distinction of being voted the favorite crypto asset by the platform’s users. Alongside this - [Logan Paul Opens Up About Mental Health Struggles Amid 'CryptoZoo' Controversy](https://news.shib.io/2024/04/01/logan-paul-opens-up-about-mental-health-struggles-amid-cryptozoo-controversy/): Logan Paul, the American social media influencer, professional wrestler and YouTuber-turned-cryptocurrency entrepreneur, has bravely lifted the veil on his deeply personal battle with mental health. Amid the backdrop of the controversy surrounding CryptoZoo, Paul’s admission sheds light on the toll that the project’s challenges have taken on his well-being.  In the now-controversial documentary titled “5 Months with Logan Paul,” by journalist Graham Bensinger, the pro wrestler who uses the moniker “The Maverick,” as a direct reference to his business and a play at his personality, shared his emotions when the controversy surrounding CryptoZoo exploded last year. In a raw and deeply - [Buterin Unveils 'The Purge': ETH Protocol Streamlining and Enhanced Security Measures](https://news.shib.io/2024/04/01/buterin-unveils-the-purge-eth-protocol-streamlining-and-enhanced-security-measures/): Ethereum co-founder Vitalik Buterin has unveiled a pivotal phase in the network’s evolution: “The Purge.” The strategic initiative, unveiled in a recent communication, aims to simplify the Ethereum protocol while enhancing its security measures, ushering in a new era of innovation within the blockchain ecosystem. EIP-6780: A Key Improvement At the core of this evolution lies EIP-6780, an often-overlooked enhancement introduced during the Dencun hard fork. This improvement specifically targets the SELFDESTRUCT opcode, a powerful feature that allows smart contracts to self-destruct or terminate themselves. By streamlining the functionality of SELFDESTRUCT, Ethereum aims to achieve several critical goals: The Purge in Action “The Purge” initiative includes multiple - [Proof-of-Stake vs. Proof-of-Work: Which is More Sustainable?](https://news.shib.io/2024/04/01/proof-of-stake-vs-proof-of-work-which-is-more-sustainable/): Cryptocurrencies have instigated a transformative shift within the financial realm, underpinned by two pivotal consensus mechanisms: Proof-of-Work (PoW) and Proof-of-Stake (PoS). These mechanisms intricately govern transaction validation, safeguarding blockchain networks’ integrity and reliability. This article aims to dissect the differences between PoW and PoS, shedding light on their sustainability implications. Proof-of-Work (PoW) PoW is a consensus mechanism pioneered by Bitcoin. It serves as the bedrock for validating cryptocurrency transactions and adding them to the blockchain. Energy Consumption: PoW hinges on miners deciphering intricate cryptographic puzzles to authenticate transactions and forge new blocks, necessitating a considerable energy outlay. The energy-intensive nature - [Caught in Legal Whirlwind: Tornado Cash Co-Founder Fights Charges; Dutch Prosecutors Seek Tough Sentence](https://news.shib.io/2024/04/01/caught-in-legal-whirlwind-tornado-cash-co-founder-fights-charges-dutch-prosecutors-seek-tough-sentence/): Amid escalating legal tensions spanning continents, the future of Tornado Cash and the broader landscape of decentralized finance hangs precariously in the balance. In the United States, co-founder Roman Storm has mounted a vigorous defense, recently filing a motion to dismiss all three charges against him by the Office of Foreign Assets Control, a financial intelligence and enforcement agency of the U.S. Treasury Department. Meanwhile, across the Atlantic, Dutch prosecutors are lobbying for a harsh sentence of 64 months imprisonment for Alexey Pertsev, the brain behind the crypto mixing tool. Storm’s legal strategy took a bold turn last week with - [7 Beginner-Friendly Crypto Trading Tools and Strategies](https://news.shib.io/2024/04/01/7-beginner-friendly-crypto-trading-tools-and-strategies/): Navigating the exhilarating yet daunting realm of cryptocurrency trading as a beginner demands a strategic approach. The volatile nature of crypto markets presents a playground for opportunities, but without a well-conceived plan, it’s akin to navigating uncharted waters blindfolded. In this guide, we’ll delve into 7 beginner-friendly crypto trading indicators and strategies tailored to ease your initiation into the digital asset sphere. These crypto trading strategies aren’t panaceas but rather adaptable tools contingent on risk tolerance and market conditions. Experiment, customize, and stay informed to refine your trading acumen. In the volatile cryptocurrency arena, knowledge is power, and strategic finesse - [Revolution Brewing: Developer's Shibarium Initiative Hints at Potential DAMN Market Launch](https://news.shib.io/2024/04/01/revolution-brewing-developers-shibarium-initiative-hints-at-potential-damn-market-launch/): The cryptocurrency sphere is abuzz with excitement as discussions about the potential launch of the DAMN market on Shibarium gain traction. Woof, the developer spearheading the experimental project DAMN, recently hinted at this groundbreaking concept. Since its inception, DAMN (SolKiller) has showcased impressive performance, garnering attention within the Shibarium community. With anticipation mounting, users eagerly await the next steps in DAMN’s journey and its contribution to the Shibarium ecosystem. Over the weekend, Woof shared an intriguing concept aimed at enhancing DAMN’s accessibility and appeal within the Shibarium network. This concept, reminiscent of the Inscription Market, could enhance the token’s appeal - [Gaming Malware Alert: Crypto-Draining Infostealer Targets Video Game Cheaters](https://news.shib.io/2024/04/01/gaming-malware-alert-crypto-draining-infostealer-targets-video-game-cheaters/): A concerning trend has emerged in the video gaming community with the discovery of malware specifically targeting video game cheaters. Operating as an infostealer, this malicious software, orchestrated by an unidentified threat actor, is aimed at individuals engaged in Pay-to-Cheat practices within video games. The alarm was first raised when PhantomOverlay, a prominent Call of Duty cheat provider, detected unauthorized purchases made through user accounts. Acting swiftly, the cheat provider alerted suspected victims, subsequently uncovering a growing number of compromised accounts.  The scale of the breach is staggering, with thousands of gaming accounts compromised across various platforms, based on the - [Escalating Tensions: Detained Binance Executive Fights Back, Sues Nigerian Authorities for Alleged Human Rights Violation](https://news.shib.io/2024/04/01/escalating-tensions-detained-binance-executive-fights-back-sues-nigerian-authorities-for-alleged-human-rights-violation/): Two executives from the world’s leading crypto exchange platform by trading volume, invited to the table for talks by the Nigerian government to discuss issues related to the operation of Binance, were met not with open arms, but with detention upon arrival in February. Recently both initiated a formal legal challenge, alleging violations of their foundational rights by certain government officials.  Binance’s Head of Financial Crime Compliance Tigran Gambaryan, a U.S. citizen, took decisive legal steps against Nigerian authorities. Represented by legal counsel from the Aluko and Oyebode Law Firm, Gambaryan filed a petition with the Federal High Court in - [Shiba Inu Strategic Partner K9 Finance Earns Prestigious Organic Listing on Major Global CEX](https://news.shib.io/2024/03/29/shiba-inu-strategic-partner-k9-finance-earns-prestigious-organic-listing-on-major-global-cex/): Shiba Inu’s strategic ally, K9 Finance, has secured a coveted spot with an organic listing on a major global centralized cryptocurrency exchange platform. BitMart, a centralized exchange that provides crypto asset trading and investment services to over 9 million users around the globe, announced that K9 Finance officially joins the ranks of its Vote Listing, effective March 29.  This latest development marks a significant stride for K9 Finance, propelling it into the spotlight of one of the industry’s premier platforms.  In a parallel announcement on social media platform X, K9 Finance DAO shared that its native crypto $KNINE will be - [FATF Calls Out Nations Lagging in Crypto Regulation](https://news.shib.io/2024/03/29/fatf-calls-out-nations-lagging-in-crypto-regulation/): Paris-based financial watchdog, the Financial Action Task Force (FATF), is sounding the alarm on lax regulations surrounding virtual assets (cryptocurrencies). A recent report revealed a concerning lack of implementation by many nations regarding FATF’s standards to combat criminal activity in the crypto space. This isn’t a new concern. In February last year, the FATF outlined a roadmap to strengthen regulations for crypto service providers (VASPs) to prevent money laundering and terrorist financing. However, a year later, their analysis paints a worrying picture. “Our goal is to establish a level playing field, globally, so that the industry is meeting its regulatory - [After the Gavel Fell: What Fate Awaits SBF Lieutenants Ellison, Singh, and Wang?](https://news.shib.io/2024/03/29/after-the-gavel-fell-what-fate-awaits-sbf-lieutenants-ellison-singh-and-wang/): As Sam Bankman-Fried, the disgraced executive behind one-time crypto empire FTX and Alameda Research, grapples with the weight of a 25-year prison sentence, the world holds its breath in anticipation of the fallout.  With speculation swirling about the impending legal firestorm awaiting his inner circle, attention now turns to Caroline Ellison, Gary Wang, and Nishad Singh—trusted confidants and key players in SBF’s inner sanctum.  Ellison, Wang, and Singh played a significant role in making the prosecution’s win against the crypto mogul. They opted to plead guilty to fraud offenses through separate agreements with prosecutors, positioning themselves as potential witnesses against - [Beware: Passive Income ChatGPT YouTube Scam Exploits Actors and Crypto Investors](https://news.shib.io/2024/03/29/beware-passive-income-chatgpt-youtube-scam-exploits-actors-and-crypto-investors/): A fraudulent scheme has surfaced on YouTube, posing a threat to both cryptocurrency investors and the unwitting actors co-opted into working in those videos. Dubbed the passive income ChatGPT scam, this insidious operation not only drains victims’ crypto wallets but also exploits individuals probably deceived into delivering false testimonials.  The passive income ChatGPT scam operates under the guise of offering effortless wealth to cryptocurrency investors. Using advanced chatbot technology, scammers create misleading videos on YouTube, promising viewers substantial profits with minimal effort.  The Actors, the Script and the Scam Investigative efforts by journalist Matt Novak have shed light on the - [DAMN SolKiller Surges to Top Rankings in Just A Day](https://news.shib.io/2024/03/28/damn-solkiller-surges-to-top-rankings-in-just-a-day/): DAMN (SolKiller), the meme coin launched on Shibarium, swiftly ascended to prominence within the crypto sphere. Just days following its official listing, the token made a resounding debut, securing a coveted spot among the top ten “Best Gems” on the crypto platform. DAMN catapulted into the limelight on Wednesday with its listing on Gems Radar, an exclusive hub renowned for spotlighting best new cryptocurrency ventures through real-time data indicators. In a swift display of force, the Shib Army flexed its muscle, propelling the meme coin onto the platform’s coveted list of Top Ten Best Gems Of The Day within a - [Apology Accepted? Bankman-Fried's 25-Year Sentence Sparks Disillusionment in Crypto Circles](https://news.shib.io/2024/03/28/apology-accepted-bankman-frieds-25-year-sentence-sparks-disillusionment-in-crypto-circles/): The recent sentencing of Sam Bankman-Fried (SBF) to a 25-year prison term has created profound shockwaves throughout the cryptocurrency sphere. Against a backdrop of incredulity, the community finds itself confronted with a maelstrom of sentiments, as SBF’s earnest apology appears to register but faintly amidst the clamor.  The disgraced crypto mogul, previously dubbed the “golden boy of crypto” and the founder of then crypto empires FTX and Alameda Research has expressed contrition before U.S. Judge Lewis Kaplan on Thursday morning in lower Manhattan and tendered a solemn “im sorry” coupled with “I’do anything to be out there trying to help.” - [SHIB Breaks Free: Shiba Inu Chart Signals Bullish Rally Ahead](https://news.shib.io/2024/03/28/shib-breaks-free-shiba-inu-chart-signals-bullish-rally-ahead/): The subtle yet bullish commendation of Shiba Inu by Ethereum founder and crypto visionary Vitalik Buterin has sent shockwaves through the Shib Army, sparking an electric wave of optimism. Contrary to skeptics who doubted SHIB’s ability to see astronomical gains because of its reputation as a well-established meme coin, current chart trends and technical indicators suggest that a bullish rally for Shiba Inu is not just possible but could be on the horizon. The bullish sentiment surrounding Shiba Inu is poised for continuation, with momentum building as bulls begin to drive the price upward. This emerging trend signals robust confidence - [Bad Idea AI (BAD) Surges Over 20% in 24 Hours](https://news.shib.io/2024/03/28/bad-idea-ai-bad-surges-over-20-in-24-hours/): In an exciting development, Bad Idea AI’s native token, BAD, experienced a significant surge of over 20% within 24 hours after being listed on Gate.io. This surge in BAD’s price coincided with Shiba Inu’s broader uptrend in the market, showcasing a positive correlation between the two projects. Bad Idea AI, a valued partner of Shiba Inu, garnered attention across the global crypto community with this impressive approach to AI. However, it is important to note that BAD is currently in correction mode after the initial surge. Gate.io’s decision to list BAD on March 27 fueled optimism and investor interest, leading - [NFT Craze Comeback: Ethereum Leads Daily Sales with $17.02 Million in Transactions](https://news.shib.io/2024/03/28/nft-craze-comeback-ethereum-leads-daily-sales-with-17-02-million-in-transactions/): The NFT market is experiencing a resurgence this month across various blockchains, signaling a renewed wave of interest and activity in the digital collectibles space. While Ethereum reclaimed its position as the top-ranking blockchain in daily NFT sales with an impressive $17.02 million in transactions within 24 hours on March 27, other networks also saw significant growth and activity in recent days. This surge propelled Ethereum’s total all-time sales volume to a remarkable $43.36 billion, solidifying its dominance in the industry. The resurgence of Ethereum in the NFT market comes after a brief stint where Bitcoin held the top spot - [HSBC Pioneers Tokenized Gold for Retail Investors in Hong Kong](https://news.shib.io/2024/03/28/hsbc-pioneers-tokenized-gold-for-retail-investors-in-hong-kong/): HSBC made a groundbreaking move earlier this week by launching a tokenized gold product, the HSBC Gold Token, for retail investors in Hong Kong. With this initiative, HSBC has become the first bank to introduce a blockchain-based real-world asset tailored for the retail marketplace. According to a reports, the HSBC Gold Token, minted on the bank’s Orion digital assets platform, will be easily accessible through HSBC Online Banking and the HSBC HK Mobile App, providing everyday investors with a novel opportunity to invest in gold. Tokenization of real-world assets is gaining momentum, with banks and financial institutions leveraging blockchain technology - [How Owning Cryptocurrency Can Boost Your Dating Game](https://news.shib.io/2024/03/28/how-owning-cryptocurrency-can-boost-your-dating-game/): In a digital age where financial savvy is becoming increasingly attractive, owning cryptocurrency has emerged as a new dating trend that can make you more desirable in the eyes of potential partners. According to recent studies, singles are not just looking for financial stability but also for partners who are knowledgeable and invested in diverse assets. The allure of crypto assets extends beyond financial stability, according to eToro, with 33% of Americans expressing a preference for dating someone who includes crypto investments in their online profile. Moreover, the romantic appeal of crypto goes further, as nearly three in four individuals - [UK Watchdog Issues Guidance on Social Media Ads for Financial Products](https://news.shib.io/2024/03/27/financial-watchdog-issues-guidance-on-social-media-ads-for-financial-products/): The United Kingdom’s Financial Conduct Authority (FCA) has issued new guidance outlining guidance specifically tailored for memes, reels, and gaming streams that promote financial services. The guidelines emphasize the need for these ads to be clear, fair, and non-misleading, ensuring consumers have the necessary information to make informed financial decisions. Additionally, the latest guidance supplements existing regulations governing the advertising of high-risk investments, including cryptocurrencies. The FCA highlights the responsibility of financial firms to ensure their promotions, including those made by influencers, are compliant with regulations. Influencers, particularly those promoting financial products, are reminded that doing so without proper authorization - [The Dogs of War](https://news.shib.io/2024/03/27/the-dogs-of-war/): Read the latest edition of The Shib magazine here. - [DOJ Indictment Sparks KuCoin Exodus: Crypto Whales Flee As Exchange Faces Regulatory Storm](https://news.shib.io/2024/03/27/doj-indictment-sparks-kucoin-exodus-crypto-whales-flee-as-exchange-faces-regulatory-storm/): The latest indictment by the U.S. Department of Justice has kicked off a mass exodus from KuCoin, with Shiba Inu and other heavyweight crypto whales making a beeline for safer waters amid the exchange’s growing regulatory tempest. This development is not just a footnote in the annals of digital currency; it’s a high-stakes drama that has both the suits and the street watching closely, as one of the industry’s leading platforms grapples with the kind of legal heat that could redefine the future of the crypto exchange. Tuesday marked a significant turn of events as the DOJ unsealed an indictment - [$DAMN Listed on GemsRadar Following Landmark Vote Milestone](https://news.shib.io/2024/03/27/damn-listed-on-gemsradar-following-landmark-vote-milestone/): $DAMN, popularly dubbed the “Sol Killer,” has achieved a significant milestone as it got listed on GemsRadar following an impressive count of 100 votes. Gems Radar is a platform that brings you the best new cryptocurrency projects. The coin, though not native to the Shib ecosystem, has garnered substantial attention due to its association with Shibarium, a Layer-2 scaling solution for the Shib ecosystem. Shibarium, known for its power-packed features, recently saw its Total Value Locked (TVL) surge approximately 170% in just two days starting March 24. Adding to the buzz surrounding meme coins across various blockchains, $DAMN stands out - [Regulatory Face-Off: CFTC Puts A Damper On SEC's Alleged Plan To Classify Ethereum As Security ](https://news.shib.io/2024/03/27/regulatory-face-off-cftc-puts-a-damper-on-secs-alleged-plan-to-classify-ethereum-as-security/): The Commodity Futures Trading Commission (CFTC) has potentially undermined the U.S. Securities and Exchange Commission’s (SEC) plans. The CFTC recently filed a complaint against the crypto exchange platform KuCoin, where it designated both Bitcoin and Ethereum as commodities. This classification stands in contrast to the reported intentions of the SEC to classify Ethereum as a security. In a lawsuit filed against the crypto exchange KuCoin on Tuesday, the futures market regulator classified Ethereum and Litecoin, alongside Bitcoin, as commodities. “During the relevant period, Kucoin solicited and accepted orders, accepted property to margin, and operated a facility for the trading of - [Shiba Inu Dominates Coinpedia Crypto Markets](https://news.shib.io/2024/03/27/shiba-inu-dominates-coinpedia-crypto-markets/): Shiba Inu ($SHIB) has surged to the top of the Coinpedia Markets, ranking first in the top 5 crypto markets. The altcoin has seen an 8% surge, reaching a value of $0.000031. Coinpedia Markets, a leading platform for cryptocurrency market data, has witnessed Shiba Inu’s rise to the top of its rankings. The platform provides comprehensive information about various cryptocurrencies, including their current prices, market capitalization, volume, supply data, and more. The surge follows a generous donation by Ethereum co-founder, Vitalik Buterin, who donated a staggering $600 million worth of Shiba Inu to the Future of Life Institute (FLI), a - [Big Break: BONE Visibility Gets Massive Boost From Latest Listing](https://news.shib.io/2024/03/27/big-break-bone-visibility-gets-massive-boost-from-latest-listing/): Bone ShibaSwap (BONE) recently achieved an important milestone with its latest listing on a prominent global cryptocurrency exchange platform. This announcement marks a transformative moment for the gas fee token of Shibarium, transcending conventional market dynamics.  LBank, the Hong Kong-based full-service digital asset platform that offers token trading, futures trading, and perpetual swap trading, among others, announced this week that it had listed the BONE USDT-M perpetual contract. The crypto exchange’s official website detailed that the contract pairs BONE with USDT (Tether) stablecoin for trading purposes. Traders have the option to leverage their positions anywhere from one time (no leverage) - [Nilam Resources CEO Resigns Amid Bitcoin Acquisition Controversy](https://news.shib.io/2024/03/27/nilam-resources-ceo-resigns-amid-bitcoin-acquisition-controversy/): Amid the backdrop of Nilam Resources’ recent announcement regarding the acquisition of 24,800 Bitcoin, the company’s CEO, Ron McIntyre, has tendered his resignation. McIntyre’s departure follows his assertion that he was not apprised of the transaction details or the announcement before its public disclosure. Describing the circumstances surrounding his resignation as indicative of a “typical pump and dump,” McIntyre’s comments coincided with a notable surge in Nilam Resources’ stock price, prompting concerns of potential market manipulation. In a press release Tuesday, Nilam Resources unveiled its plans to acquire a substantial amount of Bitcoins through a partnership with Mauritius-based company Xyberdata. - [London Stock Exchange Set to Introduce Crypto ETNs starting May 28](https://news.shib.io/2024/03/27/london-stock-exchange-set-to-introduce-crypto-etns-starting-may-28/): The London Stock Exchange (LSE) is gearing up to launch cryptocurrency exchange-traded notes (ETNs) tracking the performance of Bitcoin and Ether on May 28. This move aligns with the FCA’s commitment to enhancing measures against crypto market abuse, demonstrating a proactive stance toward regulating the evolving crypto landscape. The decision to introduce crypto ETNs follows the trend set by the U.S. Securities and Exchange Commission’s approval of spot Bitcoin exchange-traded funds earlier this year. According to the March 25 announcement, applications for these crypto ETNs can be submitted starting April 8, with successful funds expected to be listed the following month, - [Crypto Genius Vitalik Buterin Tips His Hat to Shiba Inu Amid SHIB's Remarkable Surge](https://news.shib.io/2024/03/27/crypto-genius-vitalik-buterin-tips-his-hat-to-shiba-inu-amid-shibs-remarkable-surge/): Crypto genius and Ethereum founder Vitalik Buterin set the Shiba Inu community abuzz with excitement when he subtly tipped his hat to SHIB amid its relentless upward trajectory. Having initially conceded to underestimating the crypto asset’s prowess, Buterin revealed that SHIB has shattered even his most audacious forecasts. Shiba Inu started strong this week and continued to see a significant price surge despite the recent plummet of other major cryptocurrencies, including Bitcoin. SHIB has successfully retested the orange level this week and is now showing patterns reminiscent of its performance in 2021. While the Shib Army celebrates the ongoing rally, - [Philippines’ Telco Companies Block Binance Access on NTC Orders](https://news.shib.io/2024/03/27/philippines-telco-companies-block-binance-access-on-ntc-orders/): Binance, the world’s largest cryptocurrency exchange by trading volume, will no longer be available in the Philippines as the National Telecommunications Commission (NTC) mandated internet service providers to block access to the platform. This significant development follows measures taken by the Philippines’ Securities and Exchange Commission (SEC) against the unlicensed operations of the crypto exchange in the country. In a media release, the SEC set forth the details of its letter-request to the NTC, citing that the exchange “poses a threat” to the safety of Filipino investors. Binance has failed to acquire authorization from the SEC to solicit investments from - [Next-Level Innovation: Shibarium's Biggest NFT Marketplace Enhances DAMN Use Case](https://news.shib.io/2024/03/26/next-level-innovation-shibariums-biggest-nft-marketplace-enhances-damn-use-case/): Shibarium’s leading NFT marketplace has officially whitelisted DAMN (SOLKiller) as a recognized currency within its esteemed platform, Mantra. This strategic integration not only amplifies DAMN’s credibility but also opens the floodgates for its utilization as a bona fide currency for transacting in the vibrant world of non-fungible tokens (NFTs). The announcement, made via the social media platform X (formerly Twitter), was made with a rallying cry to onboard “DAMN holders and get their feet deeper into Shibarium via NFTs,” has ignited enthusiasm and anticipation across the Shiba ecosystem, especially those who hold the memecoin. By integrating memecoin as a recognized - [Bullish Forecast: Shiba Inu Primed for Upward Surge, Analyst Observes 'SHIB History Repeating Itself'](https://news.shib.io/2024/03/26/bullish-forecast-shiba-inu-primed-for-upward-surge-analyst-observes-shib-history-repeating-itself/): Shiba Inu (SHIB) is gearing up to make waves and take the cryptocurrency world by storm once again this year. A bullish forecast highlighted the uncanny similarities between current market trends and SHIB’s remarkable performance in 2021, the year when it skyrocketed by over 1,100% in under a month, reaching its all-time high price of $0.00008845. A recent analysis by the crypto analyst who uses the X handle @rektcapital provided a fresh analysis of the Shiba Inu performance using technical indicators. One of the notable observations from the analysis is the successful retest of a crucial level by SHIB.  This - [Worldcoin Hits Roadblock in Portugal: Forced to Pause Personal Data Collection for 90 Days](https://news.shib.io/2024/03/26/worldcoin-hits-roadblock-in-portugal-forced-to-pause-personal-data-collection-for-90-days/): Portugal has slammed the brakes on the ambitious plans of Worldcoin, the iris biometric cryptocurrency project developed by Tools for Humanity. Facing regulatory headwinds, the company finds itself compelled to hit pause on its biometric data collection efforts within Portuguese borders for a mandated 90-day hiatus.  The National Data Protection Commission (CNPD) has taken decisive action against the Worldcoin Foundation’s data practices, suspending the collection of biometric data—including iris, eye, and facial scans—within Portugal’s borders on Monday. This move aims to uphold the fundamental right to personal data protection, with a particular emphasis on safeguarding minors.  The CNPD has mandated - [DOJ Indictment Exposes Alleged Dark Underbelly of KuCoin, Two Of Its Founders](https://news.shib.io/2024/03/26/doj-indictment-exposes-alleged-dark-underbelly-of-kucoin-two-of-its-founders/): KuCoin, the Seychelles-based crypto exchange platform and its founders, Chun Gan and Ke Tang, find themselves ensnared in a high-stakes legal battle with U.S. federal prosecutors. Accused brazenly of conspiring to run an unlicensed money-transmitting business and violating the Bank Secrecy Act, this unfolding saga takes another dramatic turn as the Commodity Futures Trading Commission initiates a parallel civil action against the cryptocurrency business. In a stunning legal salvo fired across the bow of the cryptocurrency world, the U.S. Department of Justice (DOJ) unsealed an indictment on Tuesday. This entails serious charges against KuCoin and its founders, Chun Gan, also - [K9 Finance Unveils Evolutionary Product Roadmap-Highlights](https://news.shib.io/2024/03/26/k9-finance-unveils-evolutionary-product-roadmap-highlights/): K9 Finance, a leading player in the decentralized finance (DeFi) space, recently announced its product roadmap, which is set to unfold in three evolutionary stages. The roadmap, shared via a tweet, draws parallels between product development and the evolution of canines. The first stage, named ‘Hesper’, is set to launch on Testnet in late Q2. This stage is named after the Hesperocyoniae, a prehistoric version of the modern-day canine. Just as the Hesperocyoniae evolved into a more advanced version, this Testnet version of K9 is expected to rapidly evolve to Mainnet. The second stage, ‘Boro’, is scheduled for a Mainnet - [Shiba Inu Emerges As Second Most Searched Cryptocurrency in Europe](https://news.shib.io/2024/03/26/shiba-inu-emerges-as-second-most-searched-cryptocurrency-in-europe/): Shiba Inu (SHIB) has emerged as the second most searched cryptocurrency in Europe, trailing only behind Bitcoin. The information comes amidst a significant surge in SHIB searches on Google Trends this month. “SHIB is the 2nd most searched crypto in Europe only behind Bitcoin. The #SHIBARMY‘s unstoppable growth is only just beginning,” Shib’s official handle announced on X (formerly Twitter). The recent uptick in searches indicates a growing interest in alternative cryptocurrencies, often referred to as altcoins. However, SHIB’s popularity in Google searches is not just a European phenomenon. The trend is global, with significant search volumes coming from various - [Shiba Inu Soars 7%, Sparks Hope for Bull Run Revival](https://news.shib.io/2024/03/26/shiba-inu-soars-7-sparks-hope-for-bull-run-revival/): Shiba Inu (SHIB) has experienced a sudden surge, jumping an impressive 7% as of 7:50 a.m. ET on Tuesday, according to CoinMarketCap. As the crypto community watches closely, the question on everyone’s mind is whether this signals the return of the SHIB bull run. A bull run refers to a sustained increase in the price of a particular asset, typically accompanied by high investor optimism and buying activity. In the cryptocurrency market, bull runs are not uncommon, often driven by factors such as positive news, increased adoption, or speculative trading. These surges can propel prices to new highs, attracting even - [Nilam Resources to Acquire 24,800 BTC Worth $1.7B](https://news.shib.io/2024/03/26/nilam-resources-to-acquire-24800-btc-worth-1-7b/): South American gold mining company Nilam Resources has made a significant move in the cryptocurrency world by signing a Letter of Intent (LOI) with Xyberdata to acquire a substantial amount of Bitcoin. According to a press release Monday, the company is set to acquire 24,800 Bitcoins, valued at approximately $1.7 billion at the time of the announcement. As part of this acquisition, Nilam Resources will gain 100% ownership of MindWave, a special purpose entity based in Mauritius, responsible for holding digital assets, including Bitcoin. These assets will serve as collateral to secure capital for investment in high-yield projects. Pranjali More, - [SHIB Now Available on Bitcoin.com.au](https://news.shib.io/2024/03/26/shib-now-available-on-bitcoin-com-au/): Bitcoin.com.au, a leading digital currency exchange, has announced the Shiba Inu (SHIB) listing on its platform. The move marks a milestone for both the exchange and the token, as it expands the accessibility of SHIB to a broader audience and potentially boosts its market presence. Bitcoin.com.au is a well-known platform in the crypto space, providing users with a secure and convenient way to buy, sell, and hold a variety of cryptocurrencies. The organization announced the listing via its X handle (formerly Twitter). The Shib team responded with “Calling all Aussies! Shib is now available for purchase on @bitcoin_com_au. Time to grow - [Dive into the Hunt: Shibarium's Biggest Marketplace Announces 'Easter Egg' Event ](https://news.shib.io/2024/03/25/dive-into-the-hunt-shibariums-biggest-marketplace-announces-easter-egg-event/): In a strategic move set to stir excitement across the Shib ecosystem and the broader crypto landscape, Shibarium’s leading marketplace Mantra Protocol has unveiled its latest activity dubbed the “Easter Egg” event. This smart initiative is primed to captivate NFT collectors and eager enthusiasts and to inject a fresh wave of momentum into the ecosystem, elevating user engagement. Mantra Protocol is shaking up the NFT scene with this event, offering NFTs at a steal for just 1 DAMN token, the new meme coin on Shibarium. Priced as a near-giveaway, this initiative aims to boost engagement not only with Mantra and - [Bitcoin Soars To $70K: Weekend Whale and Shark Wallet Activity Sparks Surge](https://news.shib.io/2024/03/25/bitcoin-soars-to-70k-weekend-whale-and-shark-wallet-activity-sparks-surge/): The cryptocurrency landscape has roared back to life this week, reclaiming ground lost during its recent downturn. Spearheading this resurgence is Bitcoin, the world’s first-ever crypto asset, currently flexing its muscles at the $70,000 mark. Industry whispers suggest that this formidable climb could very well be orchestrated by the strategic maneuvers of the market’s heavyweight BTC holders. In a jaw-dropping display of strength, Bitcoin staged a formidable rally Monday, surging by 7.09% and leaving traders scratching their heads in disbelief. Earlier in the day, the world’s premier cryptocurrency was trading at a modest $66,958, only to skyrocket unexpectedly.  So, what - [Crypto Market Alert: Glassnode Issues Cautionary Alert to Traders on the Upcoming Bitcoin Halving](https://news.shib.io/2024/03/25/crypto-market-alert-glassnode-issues-cautionary-alert-to-traders-on-the-upcoming-bitcoin-halving/): The crypto world awaits with bated breath as the eagerly awaited Bitcoin Halving event looms on the horizon—a historical game-changer that has traditionally ignited bullish fervor in the market. Yet, traders and analysts poised to capitalize on this anticipated uptrend received a stark warning from leading crypto intelligence firm Glassnode. This warning emphasizes that recent market dynamics are straying significantly from established historical patterns and encouraged vigilance and strategic reevaluation among those tracking and interpreting these shifting trends. The analysis provided by Glassnode underlined the role of a new player, Exchange-Traded Funds (ETFs), highlighting its substantial purchasing power which can - [On the Run: Binance Executive Escapes Nigerian Custody Amid Four-Count Criminal Charges](https://news.shib.io/2024/03/25/on-the-run-binance-executive-escapes-nigerian-custody-amid-four-count-criminal-charges/): In a startling turn of events that has captivated both the business and crypto communities, a top-tier Binance executive has successfully evaded Nigerian custody. This audacious breakout comes hot on the heels of the Nigerian government leveling a formidable four-count criminal charge against the executive.  Binance’s Regional Manager for Africa, Nadeem Anjarwalla, a British-Kenyan national, has reportedly escaped lawful custody on Friday. Anjarwalla, who is currently under investigation as a suspect in Nigeria’s ongoing criminal probe into Binance’s activities, managed to evade authorities, as confirmed by local media outlets and later verified by the country’s Office of the National Security - [Rising Titans: India's Largest Crypto Exchange Crowns SHIBARMY As Strongest Community On X](https://news.shib.io/2024/03/25/rising-titans-indias-largest-crypto-exchange-crowns-shibarmy-as-strongest-community-on-x/): In a monumental recognition, India’s largest crypto exchange has officially crowned the Shib Army as the strongest community on Elon Musk’s social media platform, X, highlighting the community’s unwavering strength and unity while solidifying its position as the rising titan of the crypto sphere.  WazirX, a member of the Binance group and India’s premier crypto exchange established in 2018, has rapidly ascended to become the most trusted platform in India’s burgeoning crypto landscape. Recently, the exchange unveiled a groundbreaking recognition for Shib Army through X (formerly known as Twitter).  This accolade stems from a poll orchestrated by WazirX on the - [Stablecoin Market Capitalization Hits Record High, Surpasses $150 Billion Milestone](https://news.shib.io/2024/03/25/stablecoin-market-capitalization-hits-record-high-surpasses-150-billion-milestone/): Stablecoins have reached a record-breaking market capitalization of over $150 billion, CoinGecko data shows. This achievement was accompanied by a surge in daily trading volume, which approached $122 billion, underscoring the growing prominence of stablecoins in the digital asset landscape. Tether (USDT) continues to lead the stablecoin market with a dominant 70% share, solidifying its position as the industry frontrunner. Following closely is USD Coin (USDC) with a market capitalization of $31.8 billion, while DAI secures the third spot with $4.7 billion and a 3% market share. The stability and reliability of stablecoins have garnered attention from rating agencies like - [US Bitcoin Mining Firms Prepare for Halving by Shipping Equipment Overseas](https://news.shib.io/2024/03/25/us-bitcoin-mining-firms-prepare-for-halving-by-shipping-equipment-overseas/): As the Bitcoin halving event approaches, Bitcoin mining firms in the U.S. are strategically relocating outdated mining machines overseas to optimize operations in anticipation of the rewardd drop. SunnySide Digital, a prominent wholesaler in the crypto mining industry, is leading this initiative by sending around 6,000 older Bitcoin mining machines to a warehouse in Colorado Springs for refurbishment and resale to international buyers, particularly in regions with cost-effective energy resources. The decision to ship mining equipment abroad is driven by the need to reduce electricity expenses, with countries like Ethiopia, Tanzania, Paraguay, and Uruguay emerging as attractive destinations due to - [Shiba Inu Set for Growth with Burning Program and Shibarium Network Advancements](https://news.shib.io/2024/03/25/shiba-inu-set-for-growth-with-burning-program-and-shibarium-network-advancements/): Recent developments in the Shiba Inu ecosystem have sparked optimism among analysts, projecting a bullish trajectory for the cryptocurrency driven by the implementation of a burning program and advancements in the Shibarium network. After a period of trading on the downside, Shiba Inu’s price surged by around 9% this week, setting the stage for potential new peaks shortly. Key factors expected to bolster the value of the meme coin include the successful execution of the burning program and the ongoing progress in enhancing the layer-2 blockchain solution, Shibarium. Notably, the burn rate witnessed a remarkable 500% increase on March 21, - [Shiba Inu Long-Term Holders Demonstrate Remarkable Resilience Amid Market Volatility](https://news.shib.io/2024/03/25/shiba-inu-long-term-holders-demonstrate-remarkable-resilience-amid-market-volatility/): In the face of recent market fluctuations, long-term holders of Shiba Inu have showcased unwavering resilience, holding onto their investments despite challenging conditions. According to insights from IntoTheBlock (ITB), addresses that have maintained their Shiba Inu holdings for over a year have notably surged in recent times, reflecting a strong commitment to the cryptocurrency. Currently trading at $0.00002782, Shiba Inu has seen a 22% increase in trade volume, surpassing $1 billion and reaching $1.096 billion. Additionally, the crypto asset boasts an Open Interest (OI) of $81.7 million, indicating sustained interest and activity within the market. One particularly striking trend is - [Bullish: Analyst Forecasts Shiba Inu's 300% Upswing This Year](https://news.shib.io/2024/03/24/bullish-analyst-forecasts-shiba-inus-300-upswing-this-year/): Shiba Inu is set for a meteoric 300% upswing later this year, defying its recent dip following a robust rally between late February and early March and underlining its potential for a dramatic recovery and substantial growth soon. Forecasting a bullish future, Trading View analyst Xanrox, expected the value of Shiba Inu to quadruple from a referenced price point later this year, setting the stage for what could be one of the most remarkable rallies in the crypto domain. They said investors “need to catch the bounce and ride the next wave to the upside,” which means buying the cryptocurrency - [Do Kwon's Legal Conundrum: Released But Confined, Extradition Awaits Supreme Court Verdict](https://news.shib.io/2024/03/24/do-kwons-legal-conundrum-released-but-confined-extradition-awaits-supreme-court-verdict/): South Korean crypto executive Do Kwon, the embattled CEO of the blockchain firm Terraform Labs (TFL), is entangled in a legal quandary. Despite his release from a Montenegrin prison early Saturday, his liberty hangs in the balance as he remains confined, having been relocated to a shelter for foreigners, while awaiting the Supreme Court’s decision on his extradition. Kwon can momentarily breathe easier after being released from a Montenegrin prison this Saturday. The Terraform Labs (TFL) CEO had been serving a four-month sentence for possessing fake travel documents. Yet, this relief is partial at best, as his freedom is significantly - [SHIB Mirrors 2021 Pattern, Could Herald New Price Surge: Crypto Analyst](https://news.shib.io/2024/03/24/shib-echoes-2021-pattern-could-herald-new-price-surge-crypto-analyst/): Shiba Inu stands on the brink of what could be a significant market resurgence this year, mirroring its notable trajectory from 2021—a year that saw it reach an unprecedented all-time high (ATH) of $0.00008845. SHIB’s current market behavior not only recalls its prior dominance but also signals to both investors and cryptocurrency enthusiasts alike a potential renaissance. A prominent crypto analyst, known by the X handle @rektcapital, has drawn attention to striking parallels between the current price movement of Shiba Inu and its late 2021 behavior, a comparison that teases the interesting prospect that history could be on the brink - [Anonymous No More: EU's Crypto Regulation Could Inspire Worldwide Shift](https://news.shib.io/2024/03/23/anonymous-no-more-eus-crypto-regulation-could-inspire-worldwide-shift/): The European Union (EU) has implemented new regulations that effectively make any cryptocurrency transactions, regardless of their size, through anonymous, self-custodied wallets illegal. As whispers turn to talks, there’s growing speculation that this trailblazing move by the EU could spark a global trend, prompting countries around the world to follow suit and tighten their grip on the elusive world of crypto. In a landmark decision that underscored its commitment to tightening financial regulations, the European Union (EU) has set the stage for a dramatic shift in the cryptocurrency landscape. By effectively imposing a ban on crypto transactions through non-custodial, unverified - [Shiba Inu Visionary Unveils Key Updates on Ecosystem's Progress](https://news.shib.io/2024/04/22/shiba-inu-lead-developer-unveils-key-updates-on-projects-progress/): Shytoshi Kusama, the pseudonymous lead developer of the Shiba Ecosystem, in a recent engaging update, has provided a tantalizing glimpse into the current progress and plans of the Shiba Inu team’s projects, igniting excitement and curiosity among the Shib Army. Unexpected Insights Amid his hectic schedule filled with development and strategic planning, Kusama made an unexpected appearance over the weekend in the Shibarium Tech official group. Known for their cryptic messages and sporadic updates, Kusama’s visits are always a beacon for heightened speculation and excitement within the community. During this particular visit, the lead developer engaged with the community, dropping - [Shytoshi Kusama Confronts Detractors, Affirms Commitment to Shiba Inu Amid FUD Attacks](https://news.shib.io/2024/04/22/shytoshi-kusama-confronts-detractors-affirms-commitment-to-shiba-inu-amid-fud-attacks/): Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, forcefully addresses detractors spreading fear, uncertainty, and doubt (FUD), reinforcing his unwavering dedication to the project’s success and growth. Battling the Shadows Over recent years, the Shiba Inu community and its enigmatic lead developer have faced relentless attacks from critics and skeptics. Despite significant advancements and expansion within the ecosystem, a group Kusama referred to as “shadowcats” continues to undermine and challenge the team’s efforts.  FUD, an acronym for fear, uncertainty, and doubt, is often wielded by such critics to destabilize projects by instilling fear and spreading misinformation. The Shib Army, - [Bullish: Shiba Inu Trifecta, SHEB Experience Remarkable Surge in Post-Bitcoin Halving Rally](https://news.shib.io/2024/04/22/bullish-shiba-inu-trifecta-sheb-experience-remarkable-surge-in-post-bitcoin-halving-rally/): The Shiba Ecosystem, encompassing assets like its native token Shiba Inu (SHIB), the Shibarium gas fee token Bone ShibaSwap (BONE), Doge Killer LEASH, and the NFT venture Sheboshis (SHEB), has experienced a remarkable surge in value following a post-halving spike, with bullish sentiment sweeping through the market. This rally highlights the increasing relevance and potential of Shiba Inu in the cryptocurrency arena, marking an important milestone for the meme-inspired cryptocurrency. The Shib Army celebrated vigorously as Shiba Inu recorded a significant year-to-date increase of 151.53% in its latest rally, positioning it just below Dogecoin in CoinMarketCap’s list of Top Meme - [Scam Alert Out: Surge In Activities Impersonating Shiba Inu On Telegram](https://news.shib.io/2024/04/22/scam-alert-out-surge-in-activities-impersonating-shiba-inu-on-telegram/): The cryptocurrency community faces a rising wave of scam activities on various social media platforms, especially on Telegram, with fraudulent groups increasingly impersonating official Shiba Inu accounts to target unsuspecting investors. A concerning trend has reemerged with vigor in the dynamic world of social media. Scam and fraudulent groups, particularly on Telegram, are masquerading as genuine Shiba Inu accounts and groups. These deceptive entities lure investors with enticing offers such as airdrops, gifts, free tokens, and even phishing links designed to steal personal information. The impersonators craft sophisticated facades that mimic official communications, making it challenging for even vigilant investors - [Shiba Inu's Kusama Teases Mysterious Deal Following Successful Token2049 Presence](https://news.shib.io/2024/04/22/shiba-inus-kusama-teases-mysterious-deal-following-successful-token2049-presence/): Shytoshi Kusama, the enigmatic lead developer of the Shiba Inu ecosystem, in a surprising move that has stirred the crypto community, hinted at a groundbreaking deal sealed during the prestigious Token2049 event, leaving the Shib Army in a state of excitement and anticipation. The recent Token2049 in Dubai wasn’t just a showcase of technological innovations and discussions; it was a pivotal arena for crypto moguls, including the Shiba Inu team. The event, known for hosting luminaries from the blockchain world, provided the perfect backdrop for Shiba Inu to fortify its presence among the industry’s elite. A Mysterious Interaction  Amid the - [Beware of Scams Using Shiba Inu Name: All-Time Airdrop Offers Raise Red Flags for Crypto Users](https://news.shib.io/2024/04/20/beware-of-scams-using-shiba-inu-name-all-time-airdrop-offers-raise-red-flags-for-crypto-users/): As excitement around the Shiba Inu cryptocurrency continues to surge, so do the risks of falling victim to scams. Recently, reports have surfaced of fraudulent schemes capitalizing on the popularity of Shiba Inu by offering all-time airdrops in exchange for users’ wallet addresses. While the promise of free tokens may sound appealing, crypto users are urged to exercise caution as these offers raise significant red flags for potential scams and phishing attempts. The Shiba Inu community has captured widespread attention with its fervent enthusiasm and rapidly growing ecosystem. However, with this surge in popularity comes a dark underbelly of scams - [Bitcoin Halving 2024: Bearish Forecasts Emerge from Top Industry Analysts](https://news.shib.io/2024/04/20/bitcoin-halving-2024-bearish-forecasts-emerge-from-top-industry-analysts/): Amid much anticipation, the Bitcoin network reached a significant milestone Friday evening as it completed its eagerly awaited fourth “halving” event. Despite investors’ widespread anticipation based on the cryptocurrency’s historical performance to deliver significant gains in the months ahead, numerous industry leaders and market analysts expressed a bearish outlook, suggesting that the price might experience a downturn following the reward halving. The Quadrennial Event And Expectations The halving was written into Bitcoin’s code at its inception by pseudonymous creator Satoshi Nakamoto as a way to reduce the rate at which bitcoins are created. Mechanically, while the halving’s immediate impact on - [Google Merges AI Research Teams, Forms Google DeepMind](https://news.shib.io/2024/04/19/google-merges-ai-research-teams-forms-google-deepmind/): Google has taken a significant step in advancing its artificial intelligence (AI) efforts by consolidating its two major AI research divisions. Alphabet CEO Sundar Pichai announced the creation of a new team called “Google DeepMind,” which combines the expertise of the Google Brain team and Alphabet’s AI subsidiary, DeepMind. “By creating Google DeepMind, I believe we can get to that future faster. Building ever more capable and general AI, safely and responsibly, demands that we solve some of the hardest scientific and engineering challenges of our time,” said DeepMind CEO Demis Hassabis. “Through Google DeepMind, we are bringing together our - [Tether's Expansion Beyond Stablecoins: A New Era for Digital Financial Systems](https://news.shib.io/2024/04/19/tethers-expansion-beyond-stablecoins-a-new-era-for-digital-financial-systems/): Tether, the leading stablecoin provider, announced a significant expansion of its mission and operations on Thursday. The company is moving beyond its well-known USDT stablecoin to introduce a new framework that aims to build inclusive infrastructure solutions and foster resilient, future-ready financial systems. The new framework includes four core divisions: Data, Finance, Power, and Edu. Tether Data, the technology division, specializes in the development and strategic investment of emerging technologies, such as artificial intelligence and peer-to-peer platforms. The division has already made notable ventures, including Holepunch, which catalyzed ground-breaking P2P technologies like Keet and Pear Runtime. Tether Data is pushing the boundaries - [Meta Pursues Consumer Neural Interfaces for Advanced Human-Computer Interaction](https://news.shib.io/2024/04/19/meta-pursues-consumer-neural-interfaces-for-advanced-human-computer-interaction/): Meta, the company formerly known as Facebook, is making significant progress in the development of consumer neural interfaces. These non-invasive wearable devices are designed to interpret brain signals to control computers, signaling a new era of human-computer interaction. In an interview on Thursday, Meta CEO Mark Zuckerberg expressed enthusiasm about these technologies. Consumer Neural Interfaces Explained Meta’s neural interfaces differ from Elon Musk’s Neuralink brain-chip in that they do not involve invasive procedures or direct connections to the brain. Instead, these devices are expected to be wearable, such as wristbands, and can read neural signals sent through nerves to control - [The 4th Bitcoin Halving: Experts Divided on Post-Halving Price Impact Amid ETF Demand and Macroeconomic Shifts](https://news.shib.io/2024/04/19/the-4th-bitcoin-halving-experts-divided-on-post-halving-price-impact-amid-etf-demand-and-macroeconomic-shifts/): The cryptocurrency world is eagerly awaiting a pivotal event: the Bitcoin halving, set to occur on April 20, 2024. This event will cut the reward for mining Bitcoin in half, from 6.25 BTC to 3.125 BTC per block, marking a significant milestone in Bitcoin’s evolution. Experts have mixed opinions on the potential impact of the halving on Bitcoin’s price. Bitwise’s Senior Crypto Research Analyst Ryan Rasmussen believes that persistent or growing ETF demand, combined with the “supply shock” resulting from the halving, could help propel Bitcoin’s price further. He expects Bitcoin to have a strong performance over the next 12 months, - [Bitcoin ETFs Experience First Daily Outflows as Negative Streak Continues](https://news.shib.io/2024/04/19/bitcoin-etfs-experience-first-daily-outflows-as-negative-streak-continues/): Bitcoin ETFs have witnessed their first daily outflows, marking a shift in investors’ sentiment toward the digital asset. The Bitwise Bitcoin ETF (BITB) registered net outflows of $7.3 million on Wednesday, the first since its inception on January 11 this year. The negative streak continued for the fourth consecutive day, with a total of $165 million in net outflows from various spot bitcoin ETFs. This is the longest outflow streak for a month, with the combined U.S. spot bitcoin ETFs registering net outflows totaling $314.8 million in the last four trading days. Interestingly, BlackRock’s IBIT was the only spot bitcoin ETF - [Telegram CEO's Answer to Privacy Threats: Crypto-Inspired Communication Devices to Evade Government Eyes](https://news.shib.io/2024/04/19/telegram-ceos-answer-to-privacy-threats-crypto-inspired-communication-devices-to-evade-government-eyes/): Telegram CEO Pavel Durov advocated for the creation of crypto-inspired communication devices as a potential solution to counteract government surveillance. While he did not confirm a plan to develop these devices himself, Durov highlighted the necessity to safeguard communications in an increasingly monitored digital landscape, encouraging the tech community to explore ways to enhance user privacy through innovative cryptographic technology. The Current State of Privacy, Data, and Security In today’s digital era, personal privacy faces numerous challenges. The introduction of advanced surveillance technologies has given authorities and governments unprecedented level of access to individual data.  These capabilities have sparked significant - [Samsung Unveils Revolutionary LPDDR5X DRAM for Next-Gen AI Processing in Mobile Devices](https://news.shib.io/2024/04/18/samsung-unveils-revolutionary-lpddr5x-dram-for-next-gen-ai-processing-in-mobile-devices/): Samsung, the world leader in advanced memory technology, has announced the development of the industry’s first LPDDR5X DRAM, supporting the highest performance of up to 10.7 gigabits-per-second (Gbps) for AI applications. This cutting-edge technology is expected to expand adoption into PCs, accelerators, servers, and automobiles, significantly enhancing AI processing capabilities in various devices. The new LPDDR5X DRAM is built on Samsung’s 12-nanometer (nm) class process technology, which has led to the smallest chip size among existing LPDDRs, solidifying Samsung’s leadership in the low-power DRAM market. This innovation comes as demand for low-power, high-performance memory increases, with LPDDR DRAM expected to expand its - [SHEboshis DN-404 Standard: Bridging Fungible and Non-Fungible Tokens](https://news.shib.io/2024/04/18/sheboshis-dn-404-standard-bridging-fungible-and-non-fungible-tokens/): Shiba Inu, a dynamic presence in the cryptocurrency world, has recently embarked on an innovative journey by participating as one of the first testers of the DN-404 standard. The new hybrid token standard blends features of both fungible and non-fungible tokens (NFTs), revolutionizing how digital assets are perceived and utilized. Shiba Inu’s Lucie recently addressed the DN 404 standard on Twitter, highlighting the importance of informed investment decisions. Understanding DN-404 The DN-404 standard, short for “Divisible NFT – 404,” seeks to achieve “full compliance” with established ERC-20 and ERC-721 frameworks. But what exactly does this mean? The DN-404 standard aims - [Shib Army Represent!: Weathering the Storm for Web3 Summit 2024 in Dubai](https://news.shib.io/2024/04/18/shib-army-represent-weathering-the-storm-for-web3-summit-2024-in-dubai/): Amid tumultuous weather conditions, a Shib Army showcased unwavering determination as he made the community’s presence felt at the Web3 Summit 2024 in Dubai. Braving the storm with resolve, the Shib Army stood as a testament to his commitment, undeterred in his quest to participate in one of the year’s most significant gatherings in the blockchain and cryptocurrency space. The “Web3 Summit 2024 in Dubai,” hosted by LBank Labs and co-organized by a consortium including RWA Finance and MetaStone Group, brought together over 100 speakers and anticipated more than 3,000 attendees from across the globe. This convergence was aimed at - [Shibarium Unveils Major UI Update to Enhance Blockchain Experience](https://news.shib.io/2024/04/18/shibarium-unveils-major-ui-update-to-enhance-blockchain-experience/): Shibarium, the go-to platform for blockchain enthusiasts, has just announced a major update designed to elevate user experience and accessibility.  The latest update, meticulously crafted with the community in mind, promises unprecedented choice, innovation, and efficiency for blockchain enthusiasts. Let’s delve into the details of this groundbreaking development. Unprecedented Choice – Freedom for Pioneers One of the standout features of the Shibarium update is its emphasis on diversification. The platform has significantly expanded its wallet compatibility, now welcoming industry giants such as MetaMask, Coinbase Wallet, Rainbow, Trust Wallet, and Wallet Connect. This move grants users the flexibility to seamlessly integrate - [BRICS Initiates Bold Move Towards Cryptocurrency for Global Trade](https://news.shib.io/2024/04/18/brics-initiates-bold-move-towards-cryptocurrency-for-global-trade/): In a strategic move that could reshape the landscape of global trade, the BRICS nations are delving into the world of cryptocurrency for cross-border transactions, challenging the dominance of the U.S. dollar. This initiative, spearheaded by Russia, aims to explore the use of cryptocurrencies as a means to settle trade transactions, diverging from traditional reliance on the dollar. Russia, amid facing economic sanctions from the U.S., is advocating for the acceptance of cryptocurrencies in trade settlements. The Bank of Russia recently announced plans to facilitate cryptocurrency payments with other countries, marking a significant shift in payment mechanisms. Elvira Nabiullina, the - [Humane AI: Bad or Terrible?](https://news.shib.io/2024/04/18/humane-ai-bad-or-terrible/): The Humane AI Pin, a wearable device designed by two former Apple executives, has been met with a wave of criticism from tech reviewers, who have described it as a poorly executed concept that falls short of its lofty ambitions. Despite its potential to revolutionize the way we interact with technology, the device’s current state has left many experts questioning its viability. The Humane AI Pin is designed to be a hands-free, AI-powered wearable computer that can answer questions, take photos and videos, and send messages. It is made of aluminum and is designed to withstand falls and even the - [Steadfast Support: Shiba Inu Holders Demonstrate Resilience Through Long-Term Commitment](https://news.shib.io/2024/04/18/steadfast-support-shiba-inu-holders-demonstrate-resilience-through-long-term-commitment/): Shiba Inu holders have exhibited remarkable resilience and steadfast commitment to SHIB, with a significant majority retaining their holdings for over a year amid a volatile market. This not only reflects an enduring investment pattern but also underscores the unwavering dedication of the Shib Army to this dog-themed altcoin, which began as a meme coin but has since evolved into a formidable movement. The Shib Army, a term affectionately used to describe the enthusiastic community of Shiba Inu supporters and holders, exemplified what crypto enthusiasts refer to as “diamond hands.” This term is used in the investment world to describe - [Gemini AI Challenges Ethical Boundaries, Cardano Founder Weighs In](https://news.shib.io/2024/04/18/gemini-ai-challenges-ethical-boundaries-cardano-founder-weighs-in/): In a recent showdown, the tech world witnessed an intriguing exchange between Cardano’s Charles Hoskinson and Google’s Gemini AI, sparking debate around the moral compass of advanced artificial intelligence. The saga unfolded on social media, where renowned tech figure Marc Andreessen unveiled snapshots probing the potential perils of a super-intelligent AI developed by a tech giant, with Google’s Gemini AI at the center of speculation. The buzz began when Gemini AI, in response to a hypothetical scenario, delved into the intricate balance between trust and accountability in AI development. However, it was Cardano’s Hoskinson who added a playful twist to - [Japan's SBI VC Trade Offers Passive Income Opportunities to Shib Army](https://news.shib.io/2024/04/18/japans-sbi-vc-trade-offers-passive-income-opportunities-to-shib-army/): SBI VC Trade, the cryptocurrency division of SBI Japan, has initiated an application phase for a staking service that promises passive income opportunities for Shiba Inu and several other cryptocurrencies. The announcement, made through its official X account and detailed on its blog, introduces the “Rent Coin” lending service. The service is tailored for holders of Shiba Inu (SHIB), Bitcoin (BTC), and Bitcoin Cash (BCH). The lending service enables cryptocurrency holders to loan out their dormant assets and earn rental fees throughout the lending period. SBI VC Trade clarified that this service targets investors looking to generate passive income without - [Binance to Resume Operations in India Following $2 Million Regulatory Settlement](https://news.shib.io/2024/04/18/binance-to-resume-operations-in-india-following-2-million-regulatory-settlement/): Binance, the world’s largest cryptocurrency exchange, is making a significant move to re-enter the Indian market after a four-month ban. The exchange has agreed to pay a $2 million penalty for non-compliance with local regulations, according to reports from Indian media on Thursday. This marks a major step towards resolving the exchange’s regulatory issues in India and signals a renewed interest in the country’s burgeoning crypto market. Earlier this year, Binance was among nine offshore cryptocurrency platforms banned from operating in India due to non-compliance with the Financial Intelligence Unit (FIU) and Prevention of Money Laundering Act (PMLA) guidelines. The - [Watch: Boston Dynamics Unveils Electric Atlas Robot with Unique Movement Abilities](https://news.shib.io/2024/04/18/watch-boston-dynamics-unveils-electric-atlas-robot-with-unique-movement-abilities/): Boston Dynamics, renowned for its groundbreaking robotics innovations, introduced a new electric version of its iconic Atlas robot on Wednesday, signaling a significant advancement in the field of robotics. The electric Atlas, showcased in a live demonstration, boasts unprecedented movement capabilities that promise to revolutionize various industries. In a press release, Boston Dynamics shared its vision for the electric Atlas: “We designed the electric version of Atlas to be stronger, more dexterous, and more agile. Atlas may resemble a human form factor, but we are equipping the robot to move in the most efficient way possible to complete a task.” - [Ryoshi Calls for Vigilance From Scammers: Urges Shib Army to Safeguard Shiba Inu's Integrity](https://news.shib.io/2024/04/17/ryoshi-calls-for-vigilance-from-scammers-urges-shib-army-to-safeguard-shiba-inus-integrity/): In an era rife with opportunists and scammers, the Shib Army is fortified by a timeless message from Ryoshi, the enigmatic creator of Shiba Inu. Delivered years ago, his stern warning resonates, reiterating his unwavering commitment to safeguarding the brand and emphasizing the importance of protecting the integrity of the expanding Shiba ecosystem against exploitation. The Enigmatic Founder Ryoshi remains a pseudonymous figure, best known through his insightful and often philosophical Medium posts. Through these writings, Ryoshi has cultivated an image of a visionary yet mysterious leader, deeply committed to the principles upon which Shiba Inu was founded. His anonymity - [SHIB X CDSA](https://news.shib.io/2024/04/17/shib-x-cdsa/): Read the latest edition of The Shib magazine here. - [Telegram Founder's Exclusive Bitcoin Investment Highlights Freedom Over Fortune](https://news.shib.io/2024/04/17/telegram-founders-exclusive-bitcoin-investment-highlights-freedom-over-fortune/): In a dialogue that resonates with Tyler Durden’s iconic line from the film Fight Club, “The things you own end up owning you,” Telegram CEO Pavel Durov embraces a similar ethos. Durov reveals in an interview that his sole financial investment is in Bitcoin, emphasizing his preference for freedom over material wealth. Redefining Success For many, the pursuit of success is often synonymous with acquiring wealth and gaining power. This traditional view holds that financial abundance brings not just comfort but influence and status, encouraging a cycle of continuous acquisition. The conventional success narrative often involves amassing tangible assets like - [New Zealand's Digital Cash Revolution: A Multi-Stage Exploration](https://news.shib.io/2024/04/17/new-zealands-digital-cash-revolution-a-multi-stage-exploration/): New Zealand is embarking on a multi-stage exploration to introduce a central bank digital currency (CBDC), also known as “digital cash,” according to an announcement by the Reserve Bank of New Zealand (RBNZ) on April 17. This move comes as innovations in money and payments are challenging the country’s monetary sovereignty, according to Ian Woolford, Reserve Bank Director of Money and Cash. Digital cash would coexist with physical cash options and would not require a commercial bank account for usage, only a digital wallet, payment card, or mobile app. The RBNZ emphasized that digital cash would bring more enhancement to privacy, - [Your Guide to Crypto Airdrops: Earning Free Tokens](https://news.shib.io/2024/04/17/your-guide-to-crypto-airdrops-earning-free-tokens/): Crypto airdrops have emerged as a unique and intriguing phenomenon. But what exactly are they, how do they function, and where can you discover them? In this article, we will explore the world of crypto airdrops, including their purpose, mechanics, and ways of participation. What Is a Crypto Airdrop? The term “airdrop” draws inspiration from traditional methods of delivering supplies or information by dropping them from the air to specific locations. In the crypto realm, an airdrop refers to the distribution of free cryptocurrency tokens or coins to a large number of wallet addresses. These airdrops serve various purposes, including - [New Legislation on Stablecoins: A Game-Changer in the Crypto Landscape](https://news.shib.io/2024/04/17/new-legislation-on-stablecoins-a-game-changer-in-the-crypto-landscape/): In a groundbreaking turn of events, the landscape of cryptocurrency regulation is poised for a significant shift as key lawmakers in the U.S. Congress intensify efforts to establish comprehensive regulations for stablecoins. Recent discussions between House Financial Services Chair Patrick McHenry, Ranking Member Maxine Waters, and Senate Majority Leader Chuck Schumer have injected fresh momentum into the long-debated stablecoin legislation, hinting at potential action during the upcoming summer session or the year-end lame-duck session. The urgency surrounding the Federal Aviation Administration (FAA) reauthorization, initially set for a May 10 deadline, has opened up a window of opportunity for Congress to - [Spiderman Actor Tom Holland's X Account Hacked to Promote Crypto Scam](https://news.shib.io/2024/04/17/spiderman-actor-tom-hollands-x-account-hacked-to-promote-crypto-scam/): Actor Tom Holland’s social media account was hacked by crypto scammers, who used his platform to promote a fraudulent cryptocurrency scheme. The incident occurred on April 16 when the attackers hijacked the Spiderman actor’s X account, which boasts over 7 million followers. The Scam The hackers’ tweet announced an unlikely partnership between Holland and Binance, the world’s largest digital asset trading platform. According to the now-deleted post, the collaboration aimed to launch a Spider-Verse-themed cryptocurrency. Fans were encouraged to register for early access to the $SPIDER token and Spiderverse’s non-fungible tokens (NFTs) via a link to “spiderverse.app.” The scam link - [Massive BONE Boost: Coinbase Predicted To List Shibarium's Gas Fee Token This Year](https://news.shib.io/2024/04/17/massive-bone-boost-coinbase-predicted-to-list-shibariums-gas-fee-token-this-year/): Bone ShibaSwap (BONE), the governance token of Shiba Inu’s decentralized exchange (DEX) ShibaSwap and the official gas fee token of the Shibarium blockchain, stands poised for a significant uptick this year, fueled by the latest forecast from a reputable crypto price tracker. Just days after forecasting that BONE would secure a listing on Binance, one of the largest cryptocurrency exchange platforms by trading volume, Coinpedia Markets, a prominent crypto-tracking platform, has made another bold prediction: Bone ShibaSwap (BONE) is poised to be listed by Coinbase, one of the world’s leading crypto exchanges before the year concludes. In its latest tweet, - [ETF Analyst Predicts IBIT to Surpass GBTC in Bitcoin Holdings by April 30](https://news.shib.io/2024/04/17/etf-analyst-predicts-ibit-to-surpass-gbtc-in-bitcoin-holdings-by-april-30/): Eric Balchunas, an ETF analyst at Bloomberg, highlighted that April 30 is anticipated to mark the point where the quantity of BTC held in Blackrock’s IBIT ETF surpasses that of rival Grayscale’s GBTC ETF. IBIT (iShares Bitcoin Trust) and GBTC (Grayscale Bitcoin Trust) are both ETFs (Exchange-Traded Funds) that provide exposure to Bitcoin but with key differences. Launched in January 2024, IBIT offers a lower expense ratio compared to GBTC, which has been around since 2013. This fee disparity has led to a surge in assets for IBIT, while GBTC faces outflows. As a result, the once-unmatched GBTC is in - [As Shibarium Sees Explosive Growth, Shiba Inu Marketing Specialist Shares Tips To Boost Ecosystem's L2](https://news.shib.io/2024/04/17/as-shibarium-sees-explosive-growth-shiba-inu-marketing-specialist-shares-tips-to-boost-ecosystems-l2/): Shibarium is experiencing remarkable development as it witnessed an unprecedented surge in both user engagement and transaction volume. In an effort to broaden the reach and understanding of Shibarium, Shiba Inu’s innovative Layer-2 solution, a marketing specialist from the Shiba Inu team has offered valuable advice on how to effectively introduce this platform to new users.  Launched in August last year, Shibarium, one of the key visions of Ryoshi, the pseudonymous creator of Shiba Inu, was developed to enhance the Shiba Inu ecosystem by providing faster transactions and reduced fees, utilizing the Ethereum network’s robust framework. The platform quickly gained - [Shiba Inu Hits Sweet Spot: Technicals Show Promising Historic Highs as SHIB Locks in Gains Above Critical Threshold](https://news.shib.io/2024/04/17/shiba-inu-hits-sweet-spot-technicals-show-promising-historic-highs-as-shib-locks-in-gains-above-critical-threshold-2/): Shiba Inu (SHIB) is currently experiencing a market resurgence, with indicators pointing towards potentially historic highs. This comes after a series of technical analyses suggested that SHIB is not only securing profits but also stabilizing above critical support levels, signaling a bullish phase for the cryptocurrency. Market Overview Following a period of volatility that has swept through the crypto market, Shiba Inu has shown remarkable resilience and strong performance from the start of the month. The SHIB is following a pattern similar to other major digital currencies, where crucial technical levels significantly influence market movements. Analyst’s Take Crypto trader who - [Adidas Revolutionizes Fitness with First-Ever NFT Sneaker Drop](https://news.shib.io/2024/04/17/adidas-revolutionizes-fitness-with-first-ever-nft-sneaker-drop/): In a groundbreaking move at the intersection of technology and fitness, lifestyle app STEPN has teamed up with global powerhouse adidas to unveil a pioneering NFT collection, set to redefine how we engage with both physical and digital worlds. The collaboration heralds the arrival of the STEPN x adidas Genesis Sneakers, a series of 1,000 unique NFTs inspired by adidas’ iconic running designs, exclusively available on the Solana-based marketplace MOOAR. This partnership signals a transformative shift towards a “phygital” experience—where physical and digital realms converge—and sets the stage for a year-long journey of co-branded initiatives. The Genesis Sneakers collection, dropping - [Bank of Russia Backs Cryptocurrency for International Transactions](https://news.shib.io/2024/04/17/bank-of-russia-backs-cryptocurrency-for-international-transactions/): The Bank of Russia has thrown its support behind accelerating the adoption of cryptocurrency payments. Elvira Nabiullina, the governor of the Bank of Russia, announced the move last week, according to Russian Media. While the Bank of Russia has historically been wary of cryptocurrencies for domestic payments due to concerns about regulatory oversight, it is now signaling its openness to their use in cross-border settlements. However, Nabiullina emphasized the importance of introducing these crypto-based payments within a controlled experimental environment to assess their viability and mitigate potential risks. “We recently passed legislation that allows digital financial assets to be used - [Dubai Token2049 Goes Underwater, Sparks Memes Galore!](https://news.shib.io/2024/04/16/dubai-token2049-goes-underwater-sparks-memes-galore/): In a stroke of brilliance, a comical video dubbed “Dubai LIQUIDATED Token2049” and shared on X (formerly Twitter) by the witty handle @tookerkurlson has been causing waves of laughter across the social media platform. The video, clocking in at just over a minute, stars a hilariously animated parody of none other than Tucker Carlson, the American conservative political commentator and writer. With his signature blend of humor and satire, the cartoon version of Carlson dives headfirst into the absurdity of the latest developments in Dubai. Now, for a bit of context: Dubai is playing host to this year’s Token2049 event - [Bitcoin Lingers In $62K Teritorry As Geopolitical Strains and Halving Hype Keep Investors on Edge](https://news.shib.io/2024/04/16/bitcoin-lingers-in-62k-teritorry-as-geopolitical-strains-and-halving-hype-keep-investors-on-edge/): Bitcoin plummets by over 3% and remains in the $62,000 price threshold as mounting geopolitical tensions and the anticipation of the upcoming halving event continue to grip the global investment community. Investors are treading cautiously, balancing the lure of potential gains against the backdrop of increasing uncertainties in geopolitics. This delicate equilibrium keeps the market on the knife’s edge, reflecting a world where digital and real-world dynamics are increasingly intertwined. Market Overview Last week, Bitcoin, the largest cryptocurrency by market capitalization, ended at approximately $65,650, marking a 5.3% decrease from its prior week’s closing of around $69,350. Despite relative stability - [Shibarium Achieves Milestone Growth: Surging Wallets and Daily Transactions Propel Shiba Inu Ecosystem](https://news.shib.io/2024/04/16/shibarium-achieves-milestone-growth-surging-wallets-and-daily-transactions-propel-shiba-inu-ecosystem/): In a groundbreaking development for the Shiba Inu community, Shibarium has witnessed an unprecedented surge in adoption. Over the past four days, Shibarium has welcomed more than 375,000 new wallets, signaling a remarkable uptick in user participation within the ecosystem. This surge in adoption comes at a crucial time when Shibarium is solidifying its position as a key player in addressing Ethereum’s high gas fees and enhancing transaction speed for market participants dealing with ecosystem tokens like Bone ShibaSwap (BONE), LEASH, and SHIB. The growth of Shibarium has been nothing short of remarkable, with daily transactions experiencing significant spikes, hitting - [Ethereum's Pectra Hard Fork Revolutionizes Security with Social Recovery Feature](https://news.shib.io/2024/04/16/ethereums-pectra-hard-fork-revolutionizes-security-with-social-recovery-feature/): In a groundbreaking move set to redefine security in the world of cryptocurrencies, lost private keys now might be a thing of the past. Ethereum’s upcoming Pectra hard fork is poised to introduce a revolutionary social recovery feature through the Ethereum Improvement Proposal (EIP) 3074 upgrade. This innovative upgrade, confirmed by Ethereum core developer Tim Beiko, promises to transform the landscape of Ethereum wallets by empowering users with enhanced smart contract capabilities. The core of this transformation lies in the concept of social recovery, where users can delegate ownership of their assets to an invoker contract via a digital signature. - [Shiba Inu Outshines 2024 Bitcoin Rally, Maintains Profit for Majority of Investors](https://news.shib.io/2024/04/16/shiba-inu-outshines-2024-bitcoin-rally-maintains-profit-for-majority-of-investors/): Shiba Inu (SHIB) is challenging the notion that it’s merely a meme coin, exhibiting a performance that not only eclipses Bitcoin but also positions its holders predominantly in the green. With a substantial year-to-date increase, SHIB is reshaping market perceptions, reinforced by robust community support and strategic developments within its ecosystem. As of early 2024, Bitcoin, the pioneering digital currency and leader by market capitalization recorded impressive gains. From an opening price of $44,000 on Jan. 1, Bitcoin ascended to approximately $62,000 by early April, marking a year-to-date escalation of 54%. This peak is part of a trend that saw - [Revolutionizing Shibarium: New Token Sets New Standards for Token Presales](https://news.shib.io/2024/04/16/revolutionizing-shibarium-new-token-sets-new-standards-for-token-presales/): A new token recently launched on Shibarium promises to revolutionize Shiba Inu’s layer-2 scalability solution by setting unprecedented standards for token pre-sales.  Designed to enhance security, automation, and efficiency, PIKA, also known as the “Pre-sale Killer,” aims to elevate the standard of the Shiba ecosystem’s layer-2 network. PIKA is described as an innovative ERC-50 token crafted by WoofSwap, the creators behind the notable meme coin DAMN (SolKiller). Designed specifically for the Shibarium network, PIKA, dubbed the “Pre-sale Killer,” aims to streamline and secure the presale process through automation and advanced security measures. What is a Pre-Sale? A cryptocurrency pre-sale is - [Explosive Growth: Shibarium Transactions and User Activity Skyrocket](https://news.shib.io/2024/04/16/explosive-growth-shibarium-transactions-and-user-activity-skyrocket/): Shibarium, the layer-2 scaling solution of the Shiba Ecosystem, saw a remarkable development as it witnessed an unprecedented surge in both user engagement and transaction volume, signaling a growing interest in its capabilities and potential for the broader crypto market. According to a recent update by cryptocurrency price tracker Coinpedia on X (formerly Twitter), Shibarium has seen its active accounts soar to over 25,800, marking an 80% increase in just the past 24 hours. In the same period, the number of transactions processed on the network jumped dramatically from 419,517 to 958,438—a staggering 128.46% rise. This significant uptick in activity - [Crypto-Wide Security Alert: High-Risk Zero-Day iMessage Exploit Can Compromise iPhones Without User Interaction](https://news.shib.io/2024/04/16/crypto-wide-security-alert-high-risk-zero-day-imessage-exploit-can-compromise-iphones-without-user-interaction/): A potential high-risk zero-day exploit targeting iMessage has emerged, posing a grave risk to iPhone users across the cryptocurrency community. This sophisticated vulnerability can compromise iPhones without any user interaction, amplifying concerns over digital asset security. Potential High-Risk Zero-Day Exploit! iOS users are urged to exercise caution as cryptocurrency wallet service TrustWallet revealed credible intelligence about a dangerous zero-day exploit targeting iMessage. On Monday, TrustWallet’s CEO Eowyn Chen utilized the X platform (formerly Twitter) to deliver a stark warning to the online community.  In a tweet, Chen revealed alarming information about the discovery of a high-risk exploit targeting iOS iMessage, - [How to Use Meta AI for WhatsApp and Instagram](https://news.shib.io/2024/04/16/how-to-use-meta-ai-for-whatsapp-and-instagram/): Meta, the parent company of WhatsApp and Instagram, is revolutionizing user experiences with the introduction of artificial intelligence (AI) features within these popular messaging platforms. Designed to mimic human-like interactions, Meta AI offers a range of functionalities aimed at enriching conversations and streamlining communication. Here’s a comprehensive guide on how to use Meta AI on both WhatsApp and Instagram, along with its potential use cases. Understanding Meta AI: Meta AI is an intelligent chatbot embedded within WhatsApp, Messenger, and Instagram. Key aspects of the program include: Purpose: Meta AI functions as a conversational assistant, providing advice, answering queries, and even - [Germany's Largest Federal Bank to Offer Crypto Custody Services](https://news.shib.io/2024/04/15/germanys-largest-federal-bank-to-offer-crypto-custody-services/): Germany’s Landesbank Baden-Württemberg (LBBW), the country’s largest federal bank, is set to offer cryptocurrency custody services to institutional clients in the second half of 2024. This move is a strategic response to the increasing demand for digital asset custody from corporate clients and a reflection of Europe’s growing influence in the global crypto custody race. In partnership with the Austria-based Bitpanda cryptocurrency exchange, LBBW aims to enhance its digital asset offerings, ensuring high security and innovative solutions for corporate clients. Bitpanda Custody, a crypto custody platform with decentralized finance (DeFi) capabilities, is registered with the United Kingdom’s Financial Conduct Authority (FCA), making - [Bitcoin Whale Resurfaces After 14 Years, Sparking Curiosity in the Crypto Community](https://news.shib.io/2024/04/15/bitcoin-whale-resurfaces-after-14-years-sparking-curiosity-in-crypto-community/): A dormant Bitcoin wallet containing 50 BTC (worth $3,314,211 at the time of writing) has been reactivated after a 14-year slumber, according to cryptocurrency tracker Whale Alert. The wallet, which was last active in 2010, was reactivated following Bitcoin’s recent price fluctuations, raising questions about the identity of the wallet’s owner and their intentions. The wallet’s reactivation comes at a time when Bitcoin is experiencing significant price volatility from all-time highs to its upcoming 4th halving. This has led to speculation that the wallet’s owner may be looking to capitalize on the price surge or may have finally managed to - [D3 Revolutionizes Domain Payments with SHIB and BONE Integration on Shibarium](https://news.shib.io/2024/04/15/d3-revolutionizes-domain-payments-with-shib-and-bone-integration-on-shibarium/): In a groundbreaking move that is set to redefine the landscape of DNS, D3, a leading Web3 domain name service provider, has announced the addition of Shiba Inu (SHIB) and Bone ShibaSwap (BONE) as payment options for its domain name services. D3’s decision to accept SHIB and BONE payments on Shibarium, the Layer 2 blockchain of the Shib ecosystem, is expected to boost the adoption of *shib names among the Shib Army and crypto enthusiasts. The move comes amid a growing trend of individuals and organizations securing custom-made blockchain-based domain names, as the decentralized nature of these domains offers enhanced - [Illicit Cryptocurrency Transactions Around the World Saw a Significant Decline in 2023](https://news.shib.io/2024/04/15/illicit-cryptocurrency-transactions-around-the-world-saw-a-significant-decline-in-2023/): In a positive development, the total volume of illicit cryptocurrency transactions around the world saw a significant decline last year, according to a report by blockchain analytics firm TRM Labs, with an overall proportion of total illicit crypto funds shrinking by 9% on a year-on-year basis. However, the report also highlights an increasing preference for the blockchain platform Tron for illicit activities. The illicit cryptocurrency volume on the platform grew to 45% in 2023, compared to 41% in 2022. The total value of funds sent to sanctioned addresses and entities also decreased from $25.4 billion in 2022 to $16.2 billion - [Hong Kong Bitcoin and Ethereum ETF Approval Sparks Optimism, But Analyst Forecasts Modest Impact](https://news.shib.io/2024/04/15/hong-kong-bitcoin-and-ethereum-etf-approval-sparks-optimism-but-analyst-forecasts-modest-impact/): The recent approval of Bitcoin and Ethereum exchange-traded funds (ETFs) in Hong Kong stirred anticipation within the cryptocurrency community. However, Bloomberg ETF analyst Eric Balchunas offered a tempered perspective, shedding light on the potential challenges and limitations that may temper initial expectations. Hong Kong’s regulatory green light for Bitcoin and Ethereum ETFs marks a significant step towards legitimizing digital assets within the financial ecosystem. This move underscored the special administrative region of the People’s Republic of China’s commitment to embracing innovation and positioning itself as a global hub for cryptocurrency investment. Balchunas, a Bloomberg ETF analyst, provided insights into the - [Hong Kong Lights Up Financial District with Bitcoin and Ethereum ETF Ad Amid Regulatory Green Light](https://news.shib.io/2024/04/15/hong-kong-lights-up-financial-district-with-bitcoin-and-ethereum-etf-ad-amid-regulatory-green-light/): In a striking visual endorsement of cryptocurrency, a massive electronic billboard in Hong Kong’s bustling financial district now beams an advertisement for newly approved Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs). This landmark move follows Hong Kong’s recent regulatory approval for crypto investment funds, signaling a significant pivot towards embracing digital assets.  The Ad Campaign The massive electronic billboard showcasing the ad was first spotlighted in a video shared on X (formerly Twitter) by influential crypto commentator @boxmining, featuring dynamic visuals of Bitcoin and Ethereum ETFs. Located in the heart of the financial district, the electronic billboard serves as - [Binance Exec who Fled Nigeria is Traced to Kenya, Extradition Being Pursued](https://news.shib.io/2024/04/15/binance-exec-who-fled-nigeria-is-traced-to-kenya-extradition-being-pursued/): The Nigerian government has successfully traced the whereabouts of Nadeem Anjarwalla, a high-ranking executive of Binance, to Kenya. Anjarwalla had escaped custody in Nigeria, but his cover was blown upon his arrival in Kenya. “We have found him. We know where he is. He is in Kenya, and we’re working with the authorities to bring him back to Nigeria,” a source told Nigerian media outlet The Punch. The situation has escalated, with intensified discussions between the Economic and Financial Crimes Commission (EFCC), the International Criminal Police Organization (Interpol), the Nigeria Police Force, and the Kenyan Police Service. Their goal? To - [From Humble Beginnings to Crypto Millionaires: Inspiring Stories of Transformation](https://news.shib.io/2024/04/15/from-humble-beginnings-to-crypto-millionaires-inspiring-stories-of-transformation/): The world of finance has witnessed many revolutions, but few have captured the imagination quite like cryptocurrency. What began as a fringe concept for tech enthusiasts has exploded into a global phenomenon, minting crypto millionaires and rewriting financial destinies. Today, we delve into the inspiring stories of those who went from “ramen noodles to Lamborghinis” thanks to their forays into the crypto world. The Bitcoin Bonanza Our journey starts with the Winklevoss twins, Cameron and Tyler. These tech titans, already famous for tangling with Mark Zuckerberg over Facebook, saw a different kind of social revolution brewing in Bitcoin. In 2013, - [Hong Kong Grants Approval for Spot Bitcoin and Ethereum ETFs](https://news.shib.io/2024/04/15/hong-kong-grants-approval-for-spot-bitcoin-and-ethereum-etfs/): Hong Kong, renowned for its prowess in the global financial arena, has embarked on a significant stride toward embracing the burgeoning world of cryptocurrencies. The Securities and Futures Commission (SFC) on Monday approved spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs), marking a historic moment in the region’s financial landscape. Spot ETFs: A New Paradigm Spot ETFs represent a paradigm shift in the crypto investment sphere by directly tracking the real-time price movements of the underlying assets, eschewing reliance on futures contracts. With Hong Kong’s approval, investors can anticipate enhanced access to the digital asset space while bridging traditional - [Shiba Inu Takes Center Stage: Sponsors 2024 Web3 Summit Event in Dubai](https://news.shib.io/2024/04/15/shiba-inu-takes-center-stage-sponsors-2024-web3-summit-event-in-dubai/): Shiba Inu (SHIB) is making significant strides in the cryptocurrency sphere, transcending its origins as a meme coin. Created by its pseudonymous creator Ryoshi, the dog-themed altcoin has embarked on a journey of participation and sponsorship in various events this year. Among its notable engagements is the sponsorship and participation in the prestigious 2024 Web3 Summit Event in Dubai. Shiba Inu Expands Horizons The 2024 Web3 Summit in Dubai, organized by Web3 Summit, BlockNews, LBank Labs, and other co-organizers, is expected to draw over 3,000 attendees and feature nearly 100 distinguished speakers. This event provides a platform for industry leaders, - [Defining DYOR: Shibarium Issues Crucial Alert And Guidelines To Smart Crypto Investing](https://news.shib.io/2024/04/15/defining-dyor-shibarium-issues-crucial-alert-and-guidelines-to-smart-crypto-investing/): Shibarium, the layer-2 scalability solution of the Shiba Ecosystem, has redefined the essence of DYOR. Going beyond the mere acronym of “do your own research,” Shibarium’s initiative emerges as a formidable shield, safeguarding investors from the perilous realms of scams and rug-pull projects. In a recent social media post, ShibariumTech Discord, Telegram Moderator and X Spaces Speaker known by the handle @SpecialShib, shared critical insights from DaVinci, a prominent member of the Shibarium Team, serving as a Discord admin and developer, stressing the importance of diligent personal research before investing in cryptocurrency tokens. According to DaVinci, potential investors need to - [Decoding the 2024 Bitcoin Halving: Key Market Dynamics, Predictive Insights, and Future Price Forecasts](https://news.shib.io/2024/04/15/decoding-the-2024-bitcoin-halving-key-market-dynamics-predictive-insights-and-future-price-forecasts/): The Bitcoin Halving event stands as a cornerstone in the dynamic landscape of cryptocurrency, heralding significant shifts in the supply and demand dynamics of the world’s leading digital currency by market capitalization. As this critical milestone looms, it presents an invaluable opportunity for investors to gain deep insights into predictive trends and future price forecasts. Understanding the nuances of this pivotal event is essential for anyone looking to adeptly navigate the complexities of cryptocurrency investments in the years ahead.  Foundational Principles: Designed by Bitcoin’s enigmatic creator Satoshi Nakamoto, the Halving aims to control inflation and enhance Bitcoin’s scarcity by systematically - [DAMN (Solkiller) Clinches Top Spot on Leading Crypto-Ranking Site](https://news.shib.io/2024/04/15/damn-solkiller-clinches-top-spot-on-leading-crypto-ranking-site/): DAMN (Solkiller), a memecoin built on the Shibarium blockchain, seized the top position on a crypto-ranking site a few days ago. This unexpected surge propels the token into the spotlight, highlighting its growing popularity and potential within the volatile cryptocurrency landscape. Last week, GemsRadar, a crypto ranking site, unveiled its top 10 crypto assets, with DAMN leading the charge. Also known as SolKiller, DAMN burst onto the scene just weeks ago, amid the fervor of the memecoin season. In a swift display of force, the Shib Army flexed its muscle, propelling the meme coin onto the platform’s coveted list of - [SHEboshis (SHEB): Rising to Prominence in the ERC-404 Landscape](https://news.shib.io/2024/04/15/sheboshis-sheb-rising-to-prominence-in-the-erc-404-landscape/): SHEboshis (SHEB) asserting their dominance within the cryptocurrency realm, emerging as a formidable contender among the elite ranks of ERC-404 projects. This remarkable ascent signifies a significant milestone in SHEB’s trajectory, showcasing its commanding presence and influence within the ERC-404 ecosystem. Rolled out in February, SHEboshis, integral to the Shibarium ecosystem, represent a unique amalgamation of ERC-20 and ERC-721 standards, facilitated by the Ethereum standard DN-404. This innovative standard not only imbues SHEB with the versatility of both token types but also enables the creation of divisible NFTs.  Operating across two contracts—one for trading and another that mirrors NFT functionality—SHEboshis - [Securely Passing On Crypto Assets to Your Children: A Comprehensive Guide](https://news.shib.io/2024/04/12/securely-passing-on-crypto-assets-to-your-children-a-comprehensive-guide/): Crypto presents a unique challenge when it comes to passing on assets to the next generation. Unlike physical assets, digital assets like Bitcoin cannot be accessed without the private keys. If those keys are lost, the assets may be irretrievable. The Complexity of Passing On Crypto In contrast to traditional financial systems where leftover funds can be retrieved from banks or asset managers, transferring crypto assets involves complexities primarily revolving around self-custody. There’s a growing trend of individuals purchasing crypto to pass on to their children, so it’s crucial to consider how to ensure these assets are bequeathed effectively to - [CoinCodex Predicts a Spectacular Surge for SHIB in May 2024](https://news.shib.io/2024/04/12/coincodex-predicts-a-spectacular-surge-for-shib-in-may-2024/): Shiba Inu (SHIB) continues to captivate investors and enthusiasts alike with its remarkable performance in the crypto market. As its price movements draw keen attention, let’s delve into the latest predictions and insights surrounding SHIB. CoinCodex Prediction According to CoinCodex, SHIB appears poised for a potential breakout. The platform suggests that SHIB could surpass its previous all-time high of $0.00008616 in the future. Specifically, CoinCodex predicts that by May 10, 2024, SHIB might ascend to $0.00009427, representing an impressive growth from its current levels. The burning question: Can SHIB sustain its momentum and hold above this targeted level? If so, - [Do Kwon's Fate Sealed? Montenegrin Court Greenlights Extradition, Likely to the US](https://news.shib.io/2024/04/12/do-kwons-fate-sealed-montenegrin-court-greenlights-extradition-likely-to-the-us/): Following Montenegro High Court’s renewed approval, disgraced Terraform Labs (TFL) CEO Do Kwon faces imminent extradition. Online speculation is rife about the possibility of his extradition to the U.S., with the ultimate decision resting in the hands of the country’s Minister of Justice. Montenegro’s Minister of Justice, Andrej Milović, now holds the key to Kwon’s extradition destination. Despite the Balkan country’s undisclosed stance on the matter, the minister reportedly indicated in a November TV interview that the decision regarding Kwon’s extradition would be political in nature. The Wall Street Journal reported last December that “Montenegro’s top justice official privately said - [SBF's Extensive Requests: Appeals Sentence, Demands California Jail Near Family](https://news.shib.io/2024/04/12/sbfs-extensive-requests-appeals-sentence-demands-california-jail-near-family/): In a legal saga that continues to stun the cryptocurrency industry, the financial realm, and even the world, Sam Bankman-Fried, the founder and former CEO of the then-crypto behemoth FTX, once again filed an appeal for the court’s earlier sentence. Amid the appeal of a stringent 25-year sentence, the demands of the once dubbed “golden boy of crypto” extend beyond the courtroom, advocating for a specific placement in a California jail, strategically chosen to maintain proximity to cherished family ties.  During Bankman-Fried’s sentencing hearing on March 28, defense lawyer Marc Mukasey revealed plans for an appeal to the US Court of - [Hilarious Meme Pokes Fun at Mark Zuckerberg's Alleged Copycat Behavior](https://news.shib.io/2024/04/12/hilarious-meme-pokes-fun-at-mark-zuckerbergs-alleged-copycat-behavior/): A viral meme is circulating on X (formerly Twitter), poking fun at Facebook CEO Mark Zuckerberg’s alleged tendency to emulate ideas from other platforms. The 28-second video, featuring a classroom scene with tech billionaire Elon Musk and Zuckerberg, sparked laughter and commentary across the social media platform. The meme showcases Zuckerberg in a classroom setting, glancing at Musk’s notes in a seemingly innocent manner. However, when Musk catches him in the act, Zuckerberg feigns innocence, creating a humorous take on allegations that he copies ideas from other businesses. The meme’s humor stems from real-world instances where Zuckerberg’s Facebook has been - [UK Competition Watchdog Raises Alarm Over Big Tech's AI Dominance](https://news.shib.io/2024/04/12/uk-competition-watchdog-raises-alarm-over-big-techs-ai-dominance/): The United Kingdom’s Competition and Markets Authority (CMA) has raised concerns regarding the growing dominance of major technology corporations in the field of artificial intelligence (AI), according to the update paper published Thursday. With industry giants such as Apple, Amazon, Microsoft, and Meta (formerly Facebook) leading the charge, the CMA has highlighted significant issues regarding their increasing control over the rapidly expanding AI market. The Foundation Models Under Scrutiny At the core of this scrutiny are the foundation models, potent AI tools that serve as the backbone for various applications. These models encompass text and image generators, such as ChatGPT. - [Reddit Co-Founder Alexis Ohanian Envisions AI and Blockchain Convergence Revolutionizing Image Verification](https://news.shib.io/2024/04/12/reddit-co-founder-alexis-ohanian-envisions-ai-and-blockchain-convergence-revolutionizing-image-verification/): Alexis Ohanian, the co-founder of Reddit, has recently spotlighted a compelling convergence point: the intersection of artificial intelligence (AI) and blockchain technology. In a post on the social media platform X Thursday, Ohanian delineated his vision for a future where these two formidable domains complement each other, unlocking practical applications beyond mere speculation. He succinctly captured the impending collision of AI and blockchain: “It’s my theory that the age of AI and the ascendence of blockchain technology are about to collide and reinforce each other.” The proliferation of images facilitated by AI has spurred Ohanian’s insight. As AI algorithms churn - [OpenAI’s Biggest Competitor Llama 3 Drops This May](https://news.shib.io/2024/04/12/openais-biggest-competitor-llama-3-drops-this-may/): Meta, the tech giant formerly known as Facebook, is set to release its next-generation open-source large language model (LLM), Llama 3, in May. This move is expected to disrupt the dominance of commercial AI tools like GPT-4, as Meta aims to strengthen its position in the AI market by offering developers a customizable and transparent alternative. The Llama 3 model is expected to deliver multimodal support, allowing users to input both text and images to receive responses. This feature sets it apart from its predecessor, Llama 2, which was an open-source platform launched in July 2023, enabling anyone to use it freely. - [Shiba Inu Billionaires: A Growing Phenomenon in the Crypto World](https://news.shib.io/2024/04/12/shiba-inu-billionaires-a-growing-phenomenon-in-the-crypto-world/): In a recent turn of events, Shiba Inu has once again solidified its position as a favorite among crypto enthusiasts, boasting over 12,000 addresses holding at least 1 billion SHIB tokens despite recent market challenges. The crypto market has been experiencing turbulence, with Bitcoin’s upcoming halving and price corrections often affecting various assets, including Shiba Inu. Despite this, investor confidence in SHIB remains unwavering. According to data from IntoTheBlock, these 12,176 addresses, collectively hold a staggering $15.32 billion worth of SHIB. Notably, most of these addresses, over 9,040, hold between 1 billion and 10 billion SHIB, with a cumulative balance - [US Proposes Crypto Mining Tax to Combat Environmental Impact](https://news.shib.io/2024/04/11/us-proposes-crypto-mining-tax-to-combat-environmental-impact/): In a bold move to address the environmental impact of cryptocurrency mining, the U.S. government has unveiled a proposal to introduce a tax on Bitcoin miners. This comes in response to the substantial energy consumption associated with mining operations, with Bitcoin alone reportedly accounting for 0.69% of global electricity usage. The proposal aims to curb the negative environmental consequences of mining activities, which have been linked to rising electricity prices and potential contributions to climate change. President Joe Biden’s budget proposal for fiscal year 2025 includes a provision for a 30% tax on the electricity utilized by crypto miners, irrespective - [Shiba Inu Joins CDSA, to Explore Use of Blockchain Tech In Media and Entertainment Industry](https://news.shib.io/2024/04/11/shiba-inu-partners-with-cdsa-to-leverage-blockchain-tech-to-address-security-and-distribution-challenges/): Shiba Inu has joined the Content Delivery and Security Association (CDSA) to  explore the opportunities specific to media and entertainment that are enabled through the new security, content distribution, and business-enablement capabilities of blockchain. CDSA is an international nonprofit organization founded in 1970, dedicated to providing best practices for the delivery and storage of entertainment, software, and information technology.  CDSA is very focused on content security, content authenticity, and content protection. SHIB’s collaboration with CDSA will significantly bolster this focus and provide expertise and insight as CDSA’s members continue to move forward in understanding and leveraging blockchain technology across their - ['Shiba Eternity' Surges Forward: Additional Features Coming Next: Eternity Master](https://news.shib.io/2024/04/11/shiba-eternity-surges-forward-additional-features-coming-next-eternity-master/): With the recent release of the highly anticipated major update setting the stage, “Shiba Eternity,” the Shiba ecosystem’s collectible card game (CCG) is poised for a groundbreaking evolution that will reshape the cryptocurrency industry as we know it. While the team behind Shiba Inu Games remained tight-lipped about their plans, recent information from an insider offers a tantalizing glimpse into the future of the game. In a recent conversation on Discord, Mazrael, the Shib Army christened by Shytoshi Kusama as the “Eternity Master,” spilled some tea about the current state of “Shiba Eternity” and what the Shiba Inu Games team - [Shiba Inu Roars: Community Engagement Explodes over 12K%, Trading Volume Soars Nearly 400%](https://news.shib.io/2024/04/11/shiba-inu-roars-community-engagement-explodes-over-12k-trading-volume-soars-nearly-400/): Shiba Inu (SHIB) witnessed an unprecedented surge in both community engagement and market activity over the last six months, a striking testament to the growing appeal of the dog-themed altcoin in an industry of evolving dynamics. Social intelligence company LunarCrush announced on X this week that Shiba Inu witnessed a staggering 12,854% increase in total social interactions, alongside a nearly 400% upswing in trading volume. Over a span of just six months, the platform reported astonishing increases in several key metrics: a 30,743% rise in content creators discussing SHIB, a 96,655% jump in posts about SHIB receiving interactions, and a - [Crypto Analyst Forecasts Bullish Path for Shiba Inu as On-Chain Metrics Show Strength](https://news.shib.io/2024/04/11/crypto-analyst-forecasts-bullish-path-for-shiba-inu-as-on-chain-metrics-show-strength/): The cryptocurrency market is alive with anticipation as respected crypto analyst Kamaz has unveiled a promising trajectory analysis for Shiba Inu (SHIB). Kamaz’s forecast posted on X (formerly Twitter) Tuesday predicts the token’s potential to exceed the $0.00003 threshold once more, offering a fresh wave of optimism for SHIB enthusiasts amid the broader market volatility. Bullish Price Targets In his latest insights, Kamaz outlined three bullish price targets for SHIB based on a potential market upswing. The analysis, centered on a 4-hour chart timeframe, highlights the recent bullish reversal in SHIB’s on-chain metrics, signaling a shift away from the 24-hour - [The Dawn of Reasoning AI: A Paradigm Shift with Profound Implications](https://news.shib.io/2024/04/11/the-dawn-of-reasoning-ai-a-paradigm-shift-with-profound-implications/): The field of Artificial Intelligence (AI) stands poised for a transformative leap. Leading companies like OpenAI and Meta are on the verge of unveiling new AI models capable of reasoning, marking a significant advance from current capabilities. While this advancement promises substantial progress across various sectors, it also necessitates a cautious approach to mitigate potential downsides. Traditionally, AI language models have excelled at tasks such as generating text, answering questions, or even composing creative pieces. However, their functionalities have remained siloed, lacking a broader understanding of context and interconnectedness. The next generation of AI models aspire to break these boundaries. - [Musk Predicts Superhuman AI by Next Year](https://news.shib.io/2024/04/11/musk-predicts-superhuman-ai-by-next-year/): Tech mogul Elon Musk has once again sparked controversy within the AI community with his latest bold prediction that superhuman artificial intelligence (AI) will exceed human intelligence by the end of next year. In an interview with Norges Bank CEO Nicolai Tangen on X on Sunday, Musk confidently stated, “My guess is we’ll have AI that is smarter than any one human probably around the end of next year.” The conversation has since been released as an episode on Musk’s podcast, “In Good Company”. Musk’s statement didn’t stop there; he went on to suggest that the aggregate intelligence of AI - [Never Miss an Airdrop, NFT Again: MetaMask's Latest Feature Tells You If You're Eligible](https://news.shib.io/2024/04/11/never-miss-an-airdrop-nft-again-metamasks-latest-feature-tells-you-if-youre-eligible/): MetaMask, a leading Web3 wallet, has introduced a groundbreaking feature that guarantees users will no longer overlook valuable airdrops or NFT claims. Enabled by its latest collaboration with the on-chain initiative Daylight, this feature aims to transform how users interact with and benefit from the ever-expanding universe of digital assets, ensuring they are always in the loop regarding new opportunities. The Web3 wallet, in a series of announcements made on the social media platform X (formerly Twitter), highlighted two remarkable updates to its platform aimed at enhancing user experience and engagement within the cryptocurrency ecosystem.  Firstly, MetaMask introduced a new - [Worldcoin Reinforces Privacy and Transparency with Unverify Option and Open-Sourcing Code](https://news.shib.io/2024/04/11/worldcoin-reinforces-privacy-and-transparency-with-unverify-option-and-open-sourcing-code/): Worldcoin, the blockchain-based digital ID platform, has taken important steps to address privacy concerns and build trust with users by introducing the ability to unverify World IDs through permanent iris code deletion and open-sourcing the Orb core code. The project, which assigns digital World IDs to users after scanning their irises to confirm personhood, has registered nearly five million people. To address privacy concerns, Worldcoin (WLD) now allows users to request the permanent deletion of their ‘iris code,’ a unique numeric representation of their iris texture. This move aligns with Worldcoin’s ongoing efforts to mitigate privacy concerns while promoting its vision - [Crypto Basics: Demystifying Digital Currencies for Beginners](https://news.shib.io/2024/04/11/crypto-basics-demystifying-digital-currencies-for-beginners/): Cryptocurrencies have emerged as a new form of currency, presenting a multitude of opportunities alongside inherent challenges. This guide serves as a primer, equipping you with a foundational understanding of digital currencies, blockchain technology, and the security measures surrounding crypto transactions. Delving into Cryptocurrencies Cryptocurrencies are digital or virtual currencies that leverage cryptography for enhanced security. While Bitcoin reigns supreme in name recognition, thousands of other cryptocurrencies exist, including SHIB. A key differentiator from traditional central bank-issued currencies is their decentralized nature. Cryptocurrencies operate on a revolutionary technology called blockchain. Understanding Blockchain Technology Blockchain can be likened to a distributed - [Global Crypto Regulation Landscape: An Overview](https://news.shib.io/2024/04/10/global-crypto-regulation-landscape-an-overview/): The crypto regulation environment continues to diverge worldwide, reflecting the varied approaches of different governments toward this burgeoning asset class. As we navigate through 2024, notable developments in major economies shed light on the evolving nature of crypto regulation. United Kingdom: In the UK, all companies intending to engage in cryptoasset activities are mandated to register with the Financial Conduct Authority (FCA) to secure a portion of the 4A permit. Moreover, under the Economic Crime and Corporate Transparency Act 2023, the UK government has empowered law enforcement with unprecedented authority to freeze and seize crypto assets sans conviction. El Salvador: - [Canada's $1.76 Billion AI Revolution: Fueling Innovation, Enhancing Productivity, and Securing Global Leadership](https://news.shib.io/2024/04/10/canadas-1-76-billion-ai-revolution-fueling-innovation-enhancing-productivity-and-securing-global-leadership/): In a significant move to strengthen Canada’s position in the global artificial intelligence landscape, Prime Minister Justin Trudeau announced a $1.76 billion (2.4 billion Canadian dollars) investment package on Sunday. The package aims to support AI-related startups, medium-sized enterprises, and research entities, ensuring Canada’s “AI advantage” in the rapidly evolving field. The investment includes a $1.47 billion allocation for the AI Compute Access Fund, which will enhance computing capabilities and AI-related infrastructure for the nation’s premier AI researchers and startups. This initiative will provide the necessary resources for these entities to innovate and contribute to the development of AI technologies. In addition, - [Seamless Crypto Purchases with Google Pay: Bybit Makes SHIB and Other Cryptocurrencies More Accessible](https://news.shib.io/2024/04/10/seamless-crypto-purchases-with-google-pay-bybit-makes-shib-and-other-cryptocurrencies-more-accessible/): Bybit, a leading global cryptocurrency exchange, integrated Google Pay as a payment option for its users on Wednesday, making it easier than ever to buy cryptocurrencies like SHIB and more. This move is part of Bybit’s commitment to provide users with the most convenient and cost-effective ways to enter the crypto market. The integration of Google Pay into Bybit’s platform allows users to purchase SHIB and other supported cryptocurrencies with a single click, regardless of their location. This streamlined process is a significant step towards eliminating the complexities traditionally associated with crypto purchases. Google Pay is a widely used digital wallet, - [Shiba Inu Surpasses 4 Million Wallets: A Milestone for Growing Adoption](https://news.shib.io/2024/04/10/shiba-inu-surpasses-4-million-wallets-a-milestone-for-growing-adoption/): Shiba Inu (SHIB) has reached a significant milestone, with its total number of addresses surpassing 4 million, IntoTheBlock data shows. This achievement highlights the increasing adoption and interest in SHIB, marking a pivotal moment in its journey within the cryptocurrency market. The total number of SHIB addresses holding a balance has also risen to 1.3 million, indicating a growing and robust user base. This milestone signifies a positive trend for SHIB, showcasing a broader community engagement and interest in the token. The rise in the number of addresses with a balance is a promising indicator of the token’s popularity and - [Grayscale's Strategic Shift: Navigating Bitcoin ETF Equilibrium Amid Market Dynamics](https://news.shib.io/2024/04/10/grayscales-strategic-shift-navigating-bitcoin-etf-equilibrium-amid-market-dynamics/): The cryptocurrency market is witnessing a significant shift as Bitcoin ETF outflows appear to be reaching a state of equilibrium, according to Michael Sonnenshein, the CEO of Grayscale Investments. After months of substantial investor selling, Sonnenshein told the latest edition of Reuters’ Inside ETFs that the fund is stabilizing, indicating a potential turnaround in the market dynamics. Despite total outflows from the Grayscale Bitcoin Trust exceeding $15 billion in the last three months, the surge in Bitcoin’s value has helped maintain Grayscale’s assets under management at $23.13 billion. Sonnenshein’s insights shed light on the factors contributing to the outflows, including - [ENTER THE DOGJO!](https://news.shib.io/2024/04/10/enter-the-dogjo/): Read the latest edition of The Shib magazine here. - [Crypto.com's Dubai branch finally granted a Virtual Assets Service Provider license](https://news.shib.io/2024/04/10/crypto-coms-dubai-branch-finally-granted-a-virtual-assets-service-provider-license/): Leading cryptocurrency platform Crypto.com said Tuesday that its Dubai operation has been granted a full Virtual Assets Service Provider (VASP) license. This makes Crypto.com the first global cryptocurrency firm authorized to operate with fiat currency in the UAE. Crypto.com said in statement CRO DAX Middle East FZE was issued the license by the Dubai Virtual Assets Regulatory Authority (VARA).  This license allows Crypto.com to offer a range of services, including exchange operations, broker-dealer functions, investment services, and lending and borrowing facilities, to both retail and institutional investors in the region. Crypto.com has been operating in Dubai since June 2022, when - [Beware! Fake SpaceX Eclipse Livestream with AI-Generated Musk Pushes Crypto Scam](https://news.shib.io/2024/04/10/beware-fake-spacex-eclipse-livestream-with-ai-generated-musk-pushes-crypto-scam/): A recent deceptive live stream on YouTube purportedly broadcast the total solar eclipse under the guise of SpaceX, featuring an AI-generated speech falsely attributed to Elon Musk, the CEO of SpaceX. The live stream, titled “Live: Solar Eclipse Spectacular 2024 of SpaceX,” showcased a pre-recorded video of Elon Musk addressing a crowd. However, the speech was altered using artificial intelligence software to promote a cryptocurrency investment opportunity with promises of doubling returns. A QR code was also displayed on the screen that directed viewers to a fraudulent website mimicking SpaceX. The fake livestream was first uncovered by iOS developer Mysk, - [Shibarium's Daily Transactions Skyrocket by 1,000%: A Sign of Potential SHIB Bull Run](https://news.shib.io/2024/04/10/shibariums-daily-transactions-skyrocket-by-1000-a-sign-of-potential-shib-bull-run/): Shibarium, the layer-2 blockchain solution for Shiba Inu, saw a staggering 1,000% increase in daily transactions on Tuesday, compared to the day before, surpassing the 75,000 mark, according to ShibariumScan.  This significant surge in activity is a strong indicator of the network’s growing popularity and adoption, signaling a potential bull run for SHIB. The impressive growth in daily transactions is not isolated. Shibarium has been consistently expanding since its mainnet launch in August last year. Despite a brief technical hiccup that resulted in a temporary developer-only mode, the network has recovered and thrived, reaching approximately 413 million transactions. This rapid growth trajectory - [Google Cloud Deepens Involvement in Blockchain, Joins EigenLayer Mainnet as Node Operator](https://news.shib.io/2024/04/10/google-cloud-deepens-involvement-in-blockchain-joins-eigenlayer-mainnet-as-node-operator/): Google Cloud has taken a significant stride into the Web3 arena with the launch of its EigenLayer Mainnet node operator, marking a notable development for the restaking protocol and its ecosystem. Sam Padilla, web3 product manager and node operator at Google Cloud, announced the milestone in a post Wednesday, expressing excitement about the successful deployment. Padilla congratulated the EigenLayer team for the achievement, underscoring the importance of the mainnet launch. Before this, Google Cloud actively participated in EigenLayer’s “Operator Working Group,” collaborating with 65 other operators and solo stakers, as revealed by statements from EigenLayer developers. Currently listed as a - [Shibarium Grabs Popcorn as Peter Brandt Takes Aim at Ethereum's 'Outrageous Gas Fees' Despite Dencun Upgrade](https://news.shib.io/2024/04/10/shibarium-grabs-popcorn-as-peter-brandt-takes-aim-at-ethereums-outrageous-gas-fees-despite-dencun-upgrade/): Shibarium, the layer-2 scalability solution of the Shiba Ecosystem, known for its comparatively lower gas fees, is assuming a front-row seat as Ethereum receives heavy scrutiny. Peter Brandt, a prominent crypto analyst and CEO, cast a spotlight on Ethereum’s persistent issue with “outrageous gas fees,” even after developments like the Dencun upgrade aimed at addressing these concerns.  In a recent critique of Ethereum, Brandt, a veteran analyst and the CEO of the global trading firm Factor LLC, brought to light his concerns regarding the platform’s functionality, zeroing in on two significant issues that, in his view, dampen the appeal of - [US Deputy Treasury Secretary Highlights Crypto Threats to National Security](https://news.shib.io/2024/04/10/us-deputy-treasury-secretary-highlights-crypto-threats-to-national-security/): U.S. Deputy Treasury Secretary Wally Adeyemo recently brought critical issues to the forefront as he testified before the Senate Committee on Banking, Housing, and Urban Affairs, shedding light on the imminent national security risks posed by cryptocurrencies. Highlighting the misuse of cryptocurrencies by nefarious entities to evade sanctions, Adeyemo emphasized the urgent need for additional tools to safeguard the American populace. The Treasury’s statement mentioned a historical instance of a Bitcoin money laundering network operated by al-Qaeda, as well as transactions involving the Islamic Revolutionary Guard Corps-Quds Force, Hamas, and the Palestinian Islamic Jihad. “Over the past several years, we - [How to Read Crypto Charts: A Guide for Beginners](https://news.shib.io/2024/04/10/how-to-read-crypto-charts-a-guide-for-beginners/): Understanding how to read crypto charts is a critical skill if you plan to venture into the markets. These charts, filled with lines, patterns, and indicators, can seem daunting to the uninitiated. However, with a basic understanding, they can become a powerful tool in your trading arsenal. Crypto charts serve as visual representations of a cryptocurrency’s price fluctuations over time. They come in various formats, with line charts, bar charts, and candlestick charts being the most prevalent. While each type offers distinct insights, candlestick charts are often favored by traders for their comprehensive analytical capabilities. A candlestick chart comprises individual - [Shiba Inu Bulls Alert: Expert Analyst Forecasts Price Surge - 'Time to Watch SHIB Closely!'](https://news.shib.io/2024/04/10/shiba-inu-bulls-alert-expert-analyst-forecasts-price-surge-time-to-watch-shib-closely/): Shiba Inu began April with a promising uptrend in its price, though it encountered intermittent volatility, resulting in its current position in the red zone. However, amid this volatility, a crypto trader advised holders to closely monitor SHIB, suggesting a potentially significant price surge on the horizon. Price Background In March, Shiba Inu (SHIB) experienced a mixed performance characterized by fluctuations in its price trajectory. At the beginning of the month, SHIB witnessed a surge in value, buoyed by positive sentiment and renewed interest from investors and fueled by various factors, including broader market optimism, positive developments within the Shiba - [Crypto Market Rebounds: VC Investments in Startups Surge to $2.5 Billion in Q1 2024](https://news.shib.io/2024/04/10/crypto-market-rebounds-vc-investments-in-startups-surge-to-2-5-billion-in-q1-2024/): The crypto market is showing signs of a strong rebound, with venture capital (VC) investments in crypto startups reaching a staggering $2.5 billion in the first quarter of 2024, according to recent reports from Bloomberg. This marks a 32% increase from the previous quarter and is roughly equal to the same period last year, according to PitchBook data. The surge in VC investments is attributed to larger funding rounds for crypto startups and the introduction of new venture capital funds dedicated to the digital asset space. This trend is expected to continue, with more venture firms launching new digital asset funds to capitalize - [Elon Musk's GROK Forecasts Shiba Inu's Surge: Positive Growth Expected by April 30](https://news.shib.io/2024/04/10/elon-musks-grok-forecasts-shiba-inus-surge-positive-growth-expected-by-april-30/): Shiba Inu (SHIB) currently finds itself in a downtrend, but if Elon Musk’s advanced AI tool, Grok, is to be believed, this situation may not last for much longer. Drawing from an analysis of diverse sources and technical indicators, Grok’s prediction points toward a potential upswing for SHIB by month-end, hinting at a considerable increase in its valuation. Insights Into The Forecast According to one analysis facilitated by Grok, SHIB is expected to reach a price of $0.00003 by April 30. This projection represents a modest but notable increase of 3.38% from its current valuation and is rooted in a - [Shiba Inu Investor's $5.7 Million Profit: A Testament to SHIB's Market Potential](https://news.shib.io/2024/04/09/shiba-inu-investors-5-7-million-profit-a-testament-to-shibs-market-potential/): Another day, another SHIB millionaire, a day trader, and SHIB enthusiast known as @Crypto__emily on X, revealed Monday her success in the meme coin market, disclosing a profit of $5.7 million from SHIB alone. Her journey, like many others’, began with a modest investment and a keen interest in the market. Despite the lack of clarity around the user’s investment strategy, there have been numerous instances of investors amassing significant wealth from Shiba Inu, often with initial investments of just a few thousand dollars. These success stories highlight the potential of SHIB, which has captured the attention of investors and the broader - [Crypto Scams to be Aware of in 2024](https://news.shib.io/2024/04/09/crypto-scams-to-watch-for-in-2024/): Crypto scams continue to evolve, deceiving millions of investors worldwide. Fraudsters employ cunning tactics and persuasive language to manipulate unsuspecting individuals. While some scams are new, others persistently resurface under different names. As the crypto landscape grows, staying informed and vigilant is crucial. Here are some prevalent crypto scams to be aware of in 2024: 1. Bitcoin Investment Schemes In this scheme, fraudsters pose as experienced investment managers. They claim to have amassed a large following through crypto investments, promising profitable returns. Unsuspecting investors fall prey to their persuasive tactics. Remember, legitimate investment opportunities don’t guarantee astronomical returns without risk. - [What is Crypto Mining: Mechanisms, Implications and Considerations](https://news.shib.io/2024/04/09/what-is-crypto-mining-mechanisms-implications-and-considerations/): In the crypto world, one fundamental process stands tall as the cornerstone of its functionality: crypto mining. This intricate procedure not only ushers new digital coins into circulation but also upholds the integrity of blockchain technology, the bedrock of these virtual assets. In this comprehensive exploration, we will navigate through the complexities of crypto mining, dissecting its mechanisms, economic ramifications, and environmental considerations. Understanding Crypto Mining At its essence, crypto mining includes two important functions: Transaction Validation: Miners undertake the task of solving complex computational puzzles to validate and secure transactions on the blockchain. This meticulous process ensures the precision - [Vitalik Buterin's Shibarium Snub: Shiba Inu Community Asks, 'Wen Us?'](https://news.shib.io/2024/04/08/vitalik-buterins-shibarium-snub-shiba-inu-community-asks-wen-us/): The Shiba Inu community is urging Ethereum founder Vitalik Buterin to acknowledge Shibarium as a key Ethereum layer-2 network. Despite Shibarium’s low fees and growing prominence, it was conspicuously absent from a list of layer-2 networks recognized by Buterin during a recent presentation on Ethereum’s Dencun hard fork. In a light-hearted response, Ragnar, a notable Shib ecosystem team member and community figure, asked Buterin when the Ethereum team plans to include Shibarium on the list. However, Buterin has yet to respond, leaving the Shiba Inu community wondering, “Wen Shibarium @VitalikButerin??” This omission is not the first time Buterin has underestimated Shiba - [Cryptocurrency Investor Loses $800,000 to Malicious Google Chrome Extensions](https://news.shib.io/2024/04/08/cryptocurrency-investor-loses-800000-to-malicious-google-chrome-extensions/): Another day, another crypto attack. In a shocking incident, a cryptocurrency investor, known as “Sell When Over” on X, lost $800,000 in crypto to two malicious Google Chrome browser extensions, named “Sync test BETA (colorful)” and “Simple Game”. The user suspects that these extensions contained keyloggers that targeted specific wallet extension apps. The user speculates in a series of posts on X, that the issue started after Google Chrome released an update last month, which forced the user to restart their computer after Windows released a PC update. Following the restart, all of the user’s extensions on Chrome were logged out, and all - [Ethereum's Fees Hit 6-Month Low As L2s Ramp Up; Shibarium Sees Surge](https://news.shib.io/2024/05/10/ethereum-fees-hit-6-month-low-amid-market-rivalry-shibarium-sees-gas-fees-surge/): Ethereum’s network fees have recently reached a six-month low due to its strategic shift toward layer-2 networks and fueled by heightened market competition. Interestingly, this development coincides with the emergence of Shibarium, a layer-2 scalability solution by Shiba Inu, which has witnessed a marked increase in gas fees. Network Fees and Strategic Shift Ethereum’s network fees, representing the total fees paid for utilizing the Ethereum blockchain, have experienced a significant drop, signaling reduced activity on the Ethereum Mainnet. However, this decline aligns with Ethereum’s deliberate strategy of migrating transactions to L2 networks, a move initiated by Ethereum co-founder Vitalik Buterin - [Bitcoin Meal Boxes: Pioneering a New Era in the Food Industry](https://news.shib.io/2024/05/10/bitcoin-meal-boxes-pioneering-a-new-era-in-the-food-industry/): In a groundbreaking move that merges the worlds of cryptocurrency and cuisine, Emart24, a prominent South Korean convenience store chain, has joined forces with local cryptocurrency exchange Bithumb to introduce the innovative concept of “Bitcoin meal boxes.” This collaboration aims to offer customers a unique dining experience while delving into the world of crypto. Scheduled for release by the end of this month, there are plans to unveil 30,000 Bitcoin meal boxes priced at 5,900 won (approximately US$4.3) per unit. Each box comes with a special incentive for customers — upon entering a designated coupon code in the Bithumb app, - [OpenSea Faces Challenges as NFT Market Evolves](https://news.shib.io/2024/05/10/opensea-faces-challenges-as-nft-market-evolves/): The once-dominant NFT marketplace, OpenSea, is experiencing a decline in user activity and trading volumes, signaling a potential shift in the dynamic of the non-fungible token (NFT) industry. The data from Token Terminal paints a concerning picture for OpenSea, with a 33% drop in NFT trading volumes over the past 30 days, now standing at a mere $89 million. The platform’s weekly user base has also dwindled to around 21,000 traders, a far cry from its heydays. This downturn has set OpenSea back to its 2021 trading levels, a period marked by relatively low NFT activity. However, amid this decline, - [Hacker Offers to Return Stolen Crypto, Victim Still To Respond](https://news.shib.io/2024/05/10/hacker-offers-to-return-stolen-crypto-victim-still-to-respond/): Last week in a startling turn of events, the crypto world was rocked by news of a staggering $68 million loss due to a sophisticated scam. An unknown user fell victim to what’s known as a “poisoning” or “dust” attack, losing 1,155 Wrapped Bitcoin (WBTC). The attack involved a spam transaction tactic, where small amounts of cryptocurrency were deceitfully sent to the victim’s wallet from addresses resembling their usual transaction destinations. This method, designed to deceive and distract, unfortunately succeeded in duping the victim into sending a substantial amount of WBTC to the scammers. In a rare twist, the perpetrator - [Crypto Analyst Reports Surge in Demand for Meme Coins](https://news.shib.io/2024/05/09/crypto-analyst-reports-surge-in-demand-for-meme-coins/): The crypto world is witnessing a relentless surge in the popularity of meme coins, as evidenced by a recent report from pseudonymous crypto analyst Cypto Koryo. Despite a temporary stall in the Bitcoin rally, meme coins are forging ahead, capturing the imagination of investors worldwide. According to data compiled by CoinMarketCap and analyzed by the analyst Crypto Koryo, April 2024 saw a record-breaking 138 meme coins listed on the platform. This marks a staggering increase from April 2023, when only 18 meme coins were listed.  However, Crypto Koryo suggests that the actual number of meme coins could be significantly higher, - [Trump Backs Cryptocurrency Amid Mar-a-Lago NFT Event, Trashes Biden](https://news.shib.io/2024/05/09/trump-backs-cryptocurrency-amid-mar-a-lago-nft-event-trashes-biden/): Former U.S. President Donald Trump made waves in the cryptocurrency world during a special gathering Wednesday at his Mar-a-Lago resort in Florida.  “I’m good with it…if you like crypto in any form, and it comes in a lot of different forms…if you’re in favor of crypto, you better vote for Trump,” he said. A spectator voiced concern over the exodus of crypto companies from the United States due to perceived hostility toward the industry.  The former president replied to him, saying, “If we embrace it, we need to let them stay here.” During the event, Trump engaged with the crypto-savvy - [Major Wall Street Firm Recognizes Shiba Inu's Robust Presence in Crypto Market](https://news.shib.io/2024/05/09/major-wall-street-firm-recognizes-shiba-inus-robust-presence-in-crypto-market/): VanEck, a prominent Wall Street firm renowned for its expertise in issuing exchange-traded fund products and mutual funds, has cast a spotlight on Shiba Inu, recognizing its significant impact in the dynamic world of cryptocurrencies. The decision to include SHIB in VanEck’s meme coin index stands as a testament to Shiba Inu’s growing influence and steadfast stability within the digital asset landscape. MEMECOIN Index by VanEck’s MarketVector This week has brought a notable development in the world of cryptocurrencies, particularly for Shiba Inu and the broader meme coin category. VanEck’s MarketVector has made an unexpected move by launching a meme - [Crypto's Geopolitical Impact: Redefining Power Dynamics and Economic Sovereignty](https://news.shib.io/2024/05/09/cryptos-geopolitical-impact-redefining-power-dynamics-and-economic-sovereignty/): In recent years, the intersection of cryptocurrencies and geopolitics has become increasingly complex, raising concerns about economic sovereignty, regulatory challenges, and global power dynamics. The emergence of Bitcoin and other digital assets has disrupted traditional financial systems, offering new opportunities but also posing significant geopolitical implications. The ongoing debate over regulating cryptocurrencies has intensified due to their decentralized nature and potential misuse for illegal activities. Instances such as the bankruptcy of FTX exchange and the use of cryptocurrencies by terrorist organizations highlight the need for regulatory oversight to prevent financial crimes and uphold international security. One notable case that has - [The Shib Magazine's Manny Pacquiao NFT Cover Fetches 1K $BONE](https://news.shib.io/2024/05/09/the-shib-magazines-manny-pacquiao-nft-cover-fetches-1k-bone/): The Shib magazine’s second edition cover, featuring the iconic Filipino boxer Manny Pacquiao, was sold as a mintable NFT for 1,000 $BONE on Mantra Protocol, a landmark moment underlining the value of the magazine’s covers. This transaction not only reflects the rising popularity of NFTs but also underscores their potential as a medium for broader cultural representation within the crypto industry. Mantra’s Iconic NFT Sale The sale was conducted on Mantra Protocol, notable for being the first marketplace to operate on Shibarium. As the largest marketplace with a trading volume that tops 650,000 $BONE across various collections, Mantra Protocol has - [FTX to Compensate Creditors Beyond Expectations](https://news.shib.io/2024/05/08/ftx-to-compensate-creditors-beyond-expectations/): FTX, a former giant in the cryptocurrency exchange scene, and its affiliates have announced a remarkable plan to recompense creditors, surpassing initial expectations following their Chapter 11 bankruptcy filing in Delaware 17 months ago. This groundbreaking reorganization, subject to court approval, aims to distribute assets exceeding $14.5 billion to $16.3 billion, benefitting nearly all creditors worldwide. FTX’s CEO and Chief Restructuring Officer, John J. Ray III, expressed profound gratitude to all stakeholders for their unwavering support throughout this intricate recovery process. He stated, “We are pleased to propose a Chapter 11 plan that contemplates the return of 100% of bankruptcy - [Bad Idea AI Celebrates First Anniversary with Exciting Campaign and Strategic Insights](https://news.shib.io/2024/05/08/bad-idea-ai-celebrates-first-anniversary-with-exciting-campaign-and-strategic-insights/): Bad Idea AI, the pioneering AI-driven crypto project, is marking its first anniversary with a month-long communications campaign that promises to captivate its community and stakeholders. The community is also celebrating the first birthday of S.A.R.A.H, the groundbreaking AI chatbot developed by Bad Idea AI now aiding over 260,000 crypto investors across the globe. As a beloved “Shib fren,” Bad Idea AI has been at the forefront of innovation, and this campaign aims to celebrate its achievements while setting ambitious goals for the future, as per an official blog post. Bad Idea AI will unveil a series of daily columns and - [Swiss National Bank Leans Toward Tokenization for Financial Innovation](https://news.shib.io/2024/05/08/swiss-national-bank-leans-toward-tokenization-for-financial-innovation/): The Swiss National Bank (SNB) has embarked on an ambitious initiative to digitally tokenize financial assets. Thomas Jordan, chairman of the governing board, announced the move on Monday, emphasizing the need for increased security and efficiency in payment systems. Specifically speaking, the chairman unveiled Project Helvetia III. This pilot marks the first time a central bank has issued a wholesale central bank digital currency (CBDC) on a regulated, external platform. This digital Swiss franc can be used by participating banks to settle transactions involving tokenized bonds on the SIX Digital Exchange (SDX). SDX functions as a regulated marketplace for buying - [Argentina's Energy Giant YPF to Mine Bitcoin Using Wasted Gas Reserves](https://news.shib.io/2024/05/08/argentinas-energy-giant-ypf-to-mine-bitcoin-using-wasted-gas-reserves/): Argentina’s energy sector is witnessing a groundbreaking shift towards sustainability with the launch of a gas flare-powered Bitcoin mining facility. YPF Luz, a state-owned energy firm and a subsidiary of YPF, has teamed up with Genesis Digital Assets (GDA) to repurpose stranded natural gas from oil fields, converting it into valuable cryptocurrency while curbing carbon emissions. Argentina, renowned for its rich natural resources, is pioneering an innovative approach to Bitcoin mining. By repurposing gas currently burned as waste, YPF Luz and GDA aim to reduce environmental impact while capitalizing on the profitability of cryptocurrency mining. This initiative aligns with Argentina’s - [Elon Musk Appreciates Jack Dorsey's Endorsement of X as 'Freedom Technology' Amid Bluesky Departure](https://news.shib.io/2024/05/08/elon-musk-appreciates-jack-dorseys-endorsement-of-x-as-freedom-technology-amid-bluesky-departure/): Tech billionaire and “Chief Twit” Elon Musk welcomed the impromptu endorsement of X (formerly Twitter) by its founder Jack Dorsey, calling the platform “freedom technology.” This endorsement coincides with Dorsey’s departure from Bluesky, the social networking startup he spearheaded post-Twitter’s acquisition by Musk. Dorsey’s veiled endorsement surfaced in a recent tweet advocating for individuals to safeguard their rights using “freedom technology,” a sentiment that resonated strongly with Musk’s vision of empowering users in the digital realm. The confirmation of Dorsey’s exit from Bluesky was discreetly revealed in an X post where he clarified his non-involvement in the startup’s board.  Notably, - [K9 Finance Drops Bone Crusher Update and Shibarium's Puppynet Whitelisting](https://news.shib.io/2024/05/08/k9-finance-drops-bone-crusher-update-and-shibariums-puppynet-whitelisting/): K9 Finance has recently made significant strides in the cryptocurrency landscape, unveiling a groundbreaking update to its flagship product, Bone Crusher, and securing official whitelisting on Shibarium’s Puppynet. These dual announcements signify a monumental leap forward for the platform, offering supporters enhanced functionalities and access to a unique liquid staking derivative. Puppynet is Shibarium’s test net. This strategic move solidified K9 Finance’s position as a trailblazer in the decentralized finance (DeFi) ecosystem as it introduced an innovative staking application on Shibarium, expanding staking options and taking inspiration from Lido’s success. The unveiling of the Bone Crusher update sparked excitement among K9 - [Grayscale Withdraws Ethereum Futures ETF Application Ahead of SEC Decision](https://news.shib.io/2024/05/08/grayscale-withdraws-ethereum-futures-etf-application-ahead-of-sec-decision/): Grayscale’s recent decision to withdraw its 19b-4 filing for an Ethereum futures exchange-traded fund (ETF) has set the stage for intense speculation and analysis within the cryptocurrency investment sphere. This move, coming just weeks before the anticipated decision by the U.S. Securities and Exchange Commission (SEC) on spot Ethereum ETF proposals, has sparked discussions among industry analysts and experts. The initial filing for the Ether futures ETF was made by Grayscale on Sept. 19, 2023, with plans for listing on the New York Stock Exchange upon approval. However, the cryptocurrency asset manager filed a notice of withdrawal for the Grayscale - [Shiba Inu Has the Last Laugh: Joins Nexo After Being the Ultimate Meme](https://news.shib.io/2024/05/08/shiba-inu-has-the-last-laugh-joins-nexo-after-being-the-ultimate-meme/): In a delightful twist of fate, Shiba Inu (SHIB) has risen from meme status to conquer new heights by getting listed on Nexo! Once dismissed as an inside joke that went viral, SHIB is now officially part of the Nexo platform, proving that the tables have indeed turned. Nexo, which initially teased SHIB as a meme coin, has now embraced the SHIB community with open arms. This move highlights the power of the SHIB community and its journey from being an internet sensation to being a legitimate player in the crypto space. This milestone isn’t just about a listing—it’s a - [Revolutionizing Finance: German Government Banks Embrace Blockchain with Digital Bonds](https://news.shib.io/2024/05/08/revolutionizing-finance-german-government-banks-embrace-blockchain-with-digital-bonds/): In a groundbreaking move toward modernizing financial infrastructure, Germany’s Kreditanstalt fuer Wiederaufbau (KfW) is set to issue its first blockchain-based digital bond this summer. This initiative underscores a shift toward embracing blockchain technology in traditional banking. DZ Bank, Deutsche Bank, LBBW, and Bankhaus Metzler are reported to be joint book-runners, while German fintech firm Cashlink Technologies will serve as the crypto securities registrar. The bond is said to have an expected maturity date in December 2025 and will have a minimum size of €100 million. Digital bonds on the blockchain represent a fundamental transformation in the issuance and management of - [CFTC Chair's Warning Signals Heightened Crypto Oversight](https://news.shib.io/2024/05/08/cftc-chairs-warning-signals-heightened-crypto-oversight/): Rostin Behnam, chairman of the U.S. Commodity Futures Trading Commission (CFTC), has offered a somber prediction: a forthcoming “cycle of enforcement actions” is poised to sweep through the cryptocurrency domain within the coming six to 24 months.  Speaking at the Milken Institute’s Global Conference on Monday, Behnam emphasized the expanding scale of market activities and capital investments in the sector. The CFTC chairman highlighted the lack of regulatory framework and transparency within the growing crypto industry, which he believes will inevitably lead to more fraud and manipulation cases. “We find ourselves with a growing market, growing capital [and] investments, growing - [MetaMask Introduces Smart Transactions: A Game-Changer for Ethereum Users](https://news.shib.io/2024/05/07/metamask-introduces-smart-transactions-a-game-changer-for-ethereum-users/): MetaMask, the leading Ethereum wallet, has introduced a new feature known as Smart Transactions. This feature aims to address transaction inefficiencies and mitigate the negative impact of maximal extractable value (MEV) on the Ethereum network. The current state of Ethereum transactions presents challenges, such as high failure rates, resulting in wasted gas fees, and MEV, where bots exploit transactions for profit, amounting to significant losses for users annually. Smart Transactions offers several benefits: During beta testing, Smart Transactions achieved an impressive 99.5% transaction success rate, surpassing industry benchmarks. It offers improved gas fee prediction, curbing costly frontrunning and ensuring smoother - [Be Wary of the Woof! Shib Army Warned of Fake Shiba Inu Groups on Telegram](https://news.shib.io/2024/05/07/be-wary-of-the-woof-shib-army-warned-of-fake-shiba-inu-groups-on-telegram/): The Shiba Inu community, affectionately known as the Shib Army, is facing a cunning foe: a surge of fake groups on Telegram. These imposters lure users with promises of exclusive content, giveaways, and investment opportunities. However, their true intentions are far from friendly, often leading to financial losses and compromised privacy. Shib Army Scam Alerts, a dedicated group safeguarding the community, issued a stark warning on Tuesday about this issue. This rise in fraudulent activity reflects a broader trend within the cryptocurrency landscape. Telegram, a popular messaging app, has become a hotbed for scammers who impersonate official channels, exploiting the - [MicroStrategy Surpasses Nations in Bitcoin Holdings: A New Era of Corporate Crypto Dominance](https://news.shib.io/2024/05/07/microstrategy-surpasses-nations-in-bitcoin-holdings-a-new-era-of-corporate-crypto-dominance/): MicroStrategy, under the leadership of CEO Michael Saylor, has made headlines with a monumental announcement: it now possesses more Bitcoin than any single country. This revelation marks a significant moment in the digital assets world, signaling the growing influence of corporations in the crypto market. The latest financial reports from MicroStrategy unveil a remarkable feat: the acquisition of 25,250 Bitcoins in the initial four months of 2024. This significant purchase has propelled the company’s total Bitcoin holdings to an astounding 214,400 BTC, surpassing the reserves of even the United States government. To contextualize this achievement, it’s worth noting that this - [Bitcoin Volatility, Market Turbulence Peek Amid Regulatory Uncertainty Ahead Of Ethereum ETF Decision](https://news.shib.io/2024/05/07/bitcoin-volatility-market-turbulence-peek-amid-regulatory-uncertainty-ahead-of-ethereum-etf-decision/): The cryptocurrency market witnessed a surge in volatility and market turbulence as regulatory uncertainty reached its peak, fueled by anticipation surrounding the imminent decision on Ethereum ETFs. Bitcoin’s rollercoaster week, marked by significant price fluctuations, added to the atmosphere of uncertainty, highlighting the interconnectedness of regulatory factors and market dynamics in shaping investor sentiment and asset valuations. Bitcoin’s price surged to an impressive peak above $65,500 this week, only to face a swift correction that shaved off over $2,000 from its value. The cryptocurrency’s tumultuous week was characterized by extreme volatility, leading to a sharp plunge to a two-month low - [Shiba Inu Development Team's Cryptic Tweets Leave Community Guessing](https://news.shib.io/2024/05/07/shiba-inu-development-teams-cryptic-tweets-leave-community-guessing/): The Shiba Inu development team sparked intrigue within the community on Tuesday with a series of cryptic tweets, a signature tease that has left Shiba enthusiasts guessing about the mysteries they might hold. Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, recently captivated the community with a cryptic tweet. The tweet features a striking GIF displaying the word “EVITA” in bold red letters against a dark background, accompanied by bats soaring overhead, evoking a sense of intrigue and suspense. This enigmatic post swiftly caught the eye of the Shib Army, with many speculating that it could be a nod - [Shibarium: A Bridge Between Blockchains, Enabling Seamless Digital Asset Transfers - Interview with Shibarium Tech Moderator](https://news.shib.io/2024/05/07/shibarium-a-bridge-between-blockchains-enabling-seamless-digital-asset-transfers-interview-with-shibarium-tech-moderator/): The Shib project recently underwent a significant milestone by completing a hard fork on its layer-2 solution, Shibarium. The major software upgrade marks a pivotal moment in the network’s evolution, aiming to unlock “next-level capabilities” and enhance user experience. Celebrating the accomplishment, Shib’s official X (formerly Twitter) account wrote on the social media platform, “Shibarium was already lightning fast, but we just hit warp speed! The hard fork just made transactions on Shibarium even faster! Buckle up.” Key Improvements Delivered by the Hard Fork: Shibarium’s core strength lies in its ability to efficiently connect different blockchain networks, both public and private. - [Vodafone's Bold Move: Integrating Cryptocurrency Wallets into SIM Cards](https://news.shib.io/2024/05/06/vodafones-bold-move-integrating-cryptocurrency-wallets-into-sim-cards/): Vodafone, the United Kingdom-based telecommunications giant, is poised to reshape the mobile industry with its ambitious plan to integrate cryptocurrency wallets directly into subscriber identity module (SIM) cards. This innovative move uses blockchain technology to enhance smartphone functionality, providing users with secure and convenient access to their digital assets. Vodafone’s strategic vision aligns with the exponential growth of mobile phones and smartphones worldwide. By 2030, projections suggest that over 20 billion mobile phones will be in operation, with smartphones constituting a significant portion of this figure. According to David Palmer, Vodafone’s blockchain lead, an estimated eight billion smartphones will be - [Founder of NFT Project on Shibarium Receives 'Shib Army Legend' Title; Mantra Enables TFW Direct Minting ](https://news.shib.io/2024/05/06/founder-of-nft-project-on-shibarium-receives-shib-army-legend-title-mantra-enables-tfw-direct-minting/): Andreia, the pseudonymous founder of TFW (Tutti Frutti Women), an NFT project on Shibarium, was given the prestigious recognition ‘Shib Army Legend’ and is now a part of the prestigious club. Alongside this commendation, the NFT project further garnered additional approval now that people can mint directly on Mantra Protocol, underscoring its growing significance within the digital asset landscape. Over the weekend, a notable announcement from a Shib Army OG, @NoOneHasSpoken, brought attention to the induction of the TFW founder into the esteemed Shib Army Legend Club. Described as ‘supporting an amazing cause and leading by example,’ the founder’s inclusion - [SEC Declares War Against Robinhood, former SEC Chief Predicts Crypto Onslaught Will Continue](https://news.shib.io/2024/05/06/sec-declares-war-against-robinhood-former-sec-chief-predicts-crypto-onslaught-will-continue/): The U.S. Securities and Exchange Commission (SEC) adds Robinhood to its growing list of crypto-related businesses served with a Wells Notice along with Coinbase, Kraken, Uniswap, and MetaMask. Pundits, however, have a negative reaction to this, with a former SEC chief noting that the “crypto onslaught will continue” as long as “the Democrats are in charge” of running the regulatory agency. Robinhood Markets announced Monday that Robinhood Crypto, its crypto unit, received a Wells Notice from the SEC staff last Saturday. The brokerage firm also shared that the regulator indicated its intention to advise the agency to pursue an enforcement - [Bitcoin Processes Over 1 Billion Transactions, Marking Historic Milestone](https://news.shib.io/2024/05/06/bitcoin-processes-over-1-billion-transactions-marking-historic-milestone/): The Bitcoin network achieved a monumental milestone by processing its one billionth transaction since its inception. This landmark moment arrives 15 years and 4 months after Bitcoin’s genesis block was mined on January 3, 2009. Bitcoin, the pioneering cryptocurrency, has demonstrated enduring resilience and growth over the years, solidifying its position as the leading decentralized digital currency. The journey to one billion transactions underscores Bitcoin’s widespread adoption and utility in global financial systems. From humble beginnings to a global phenomenon, Bitcoin’s journey has been characterized by significant milestones and transformative impact. The cryptocurrency’s decentralized nature and secure blockchain technology have - [LEASH Sees Strong Surge: Price, Market Cap, Holder Base Spike](https://news.shib.io/2024/05/06/doge-killer-leash-sees-strong-surge-price-market-cap-holder-base-spike/): Doge Killer (LEASH), the second official token of Shiba Inu, which promises to compensate its holders with rewards for supplying liquidity has — in a striking display of market strength — seen a remarkable price increase, accompanied by a significant uptick in market capitalization and a growing community of holders. This robust performance underscores the growing enthusiasm and confidence in LEASH, as investors flock to capitalize on its upward trajectory. The impressive performance of LEASH was highlighted by cryptocurrency tracker Coinpedia Markets, which included Shiba Inu’s Doge Killer in its Top CryptoMarket Update On CPmarkets Monday. Based on the crypto - [Crypto Genius Buterin Refreshes Personal Piece on SHIB's L3 Privacy Chain Feature Amid Significant Reader Interest ](https://news.shib.io/2024/05/06/crypto-genius-buterin-refreshes-personal-piece-on-shibs-l3-privacy-chain-feature-amid-significant-reader-interest/): Crypto genius and co-founder of Ethereum, Vitalik Buterin, has once again seized the attention of enthusiasts with his latest update. Renowned for his brilliant mind and unwavering focus on privacy and security within the blockchain sphere, Buterin’s decision to refresh his article on Fully Homomorphic Encryption (FHE) couldn’t be timelier. His move, citing significant interest in the topic, coincides with an important announcement from the Shiba Inu development team, revealing plans to integrate ZAMA’s FHE technology into a layer-3 privacy chain. In an article penned by Buterin himself in July 2020, he eloquently described the concept of FHE as a - [Shibarium Tech Admin Challenges Misinformation, Emphasizes Devs' Shib-Burn Commitment](https://news.shib.io/2024/05/06/shibarium-tech-admin-challenges-misinformation-emphasizes-devs-shib-burn-commitment/): “We are all Ryoshi,” a mantra coined by the enigmatic creator of Shiba Inu, continues to resonate within the community. Recently, DaVinci, the pseudonymous administrator of Shibarium Tech’s Discord and Telegram channels, echoed this sentiment. In a bold statement, DaVinci addressed critics who questioned the developers’ commitment to delivering the promised auto-burn feature. He admonished these critics, pointing out their hypocrisy in selfishly demanding features while neglecting their role in promoting Shibarium, the ecosystem’s layer-2 scalability solution. The Shibarium Tech administrator’s statement was widely shared by several Shib Army OGs on X (formerly Twitter) over the weekend, quickly gaining traction - [THE WEEKLY MEME DIGEST - May 5, 2024](https://news.shib.io/2024/05/05/the-weekly-meme-digest/): This inaugural launch of The Shib Daily’s Weekly Meme Digest is brought to you by ShibaSwap, Shiba Inu’s multi-chain decentralized cryptocurrency exchange platform. 🚀 Welcome to the Inaugural Launch of Our Weekly Meme Digest! 🚀 🎉 Hey there, #SHIBARMY and crypto enthusiasts! We’re thrilled to unveil an exciting new addition to our daily news site: the Weekly Meme Digest! 🌟 Have you ever found yourself scrolling through endless articles and news updates, wishing there was a more entertaining way to stay informed about the latest happenings in the cryptocurrency world? Well, look no further, because the Weekly Meme Digest is - [Shiba Inu Goes Supersonic: 12% Surge and a Burn Blitz Shake Up Crypto!](https://news.shib.io/2024/05/05/shiba-inu-goes-supersonic-12-surge-and-a-burn-blitz-shake-up-crypto/): Hold onto your dog biscuits, Shib Army, because the Shiba Inu craze is making waves in the crypto ocean! 🌊🐕 If you haven’t heard, $SHIB is strutting its stuff like a fashion-forward pup on a runway. In the last 24 hours, $SHIB has been frolicking around like it’s got a squirrel on its tail, boasting a 12% increase in value. That’s more impressive than teaching your Shiba Inu to fetch your morning coffee! ☕️ But wait, there’s more! Since Saturday morning, the SHIB burn rate has been hotter than a summer day on the beach, skyrocketing a mind-blowing 1,009%. That’s - [CZ's Jail Tale: Finding the Silver Lining in Crypto Confinement!](https://news.shib.io/2024/05/05/czs-jail-tale-finding-the-silver-lining-in-crypto-confinement/): Crypto comrades, our beloved CZ, the mastermind behind Binance, is taking an unexpected detour from moonshot ventures to a more grounded location – the slammer! 😱🔒 But fear not, fellow hodlers, for CZ’s spirits remain as buoyant as ever! Despite the iron bars and orange jumpsuit, he’s still grinning like a Cheshire cat in a bull market! 🐱📈 In his final tweet before the big house beckoned, CZ, ever the optimist, thanked the crypto community for its unwavering support, entrusting them with the sacred duty to “protect users.” 💪🛡️ But hey, when life hands you lemons, you make lemonades, am - [Bitcoin's Directionless Drama Post-Halving: A Crypto Soap Opera](https://news.shib.io/2024/05/05/bitcoins-directionless-drama-post-halving-a-crypto-soap-opera/): 🎬 Scene: Bitcoin closes at $63,000, seemingly taking a dramatic pause to gather its thoughts. Cue the investors from 2022 and 2023, who decide it’s time to take their bow, pocketing profits after a suspenseful act. Meanwhile, those early 2024 ETF enthusiasts are spotted sneaking out of the theater with smiles, their pockets heavier from the show’s success. 🎟️💰 🕵️‍♂️ But wait—what’s this? A plot twist! Demand for Bitcoin ETFs has hit a lull, as stagnant as last season’s reruns. The market is whispering of a short-term trend that’s more predictable than a daytime soap cliffhanger. 📉🍿 📚 According to - [Media's Debbie Downer Act Fails to Spoil Hong Kong's Crypto ETF Bash!](https://news.shib.io/2024/05/05/medias-debbie-downer-act-tries-to-spoil-hong-kongs-crypto-etf-bash/): The debut of the six spot Bitcoin and Ether ETFs made a splash as the spotlight hit Hong Kong’s financial stage, pulling in a cool $292 million on day one. 🌊💰 Despite some U.S. media’s best Debbie Downer impressions, forecasting crypto calamities, Hong Kong partied on, reducing Wall Street’s wary whispers into background noise. 🙉 🍵 Here’s the tea: While some U.S. pundits were busy painting doomsday scenarios, back in the land of dim sum and double-deckers, the crypto ETFs were partying like it was 1999—or rather, 2029, because let’s face it, crypto is the future. 🚀 🔥 These crypto - [Crypto Latest Plot Twist: Bitcoin Flip-Flopper Michael Saylor Throws Shade at Ethereum](https://news.shib.io/2024/05/05/crypto-latest-plot-twist-%f0%9f%94%84-bitcoin-flip-flopper-michael-saylor-%f0%9f%98%ae-throws-shade-at-ethereum-%f0%9f%92%a1%f0%9f%94%a5/): A peculiar breed roams the tempest of uncertainty that is the cryptocurrency realm: the flip-floppers. Picture them as sailors lost in a tempest, their course changing as swiftly as the wind, more unpredictable than a game of crypto roulette.😱 Now, let’s turn our gaze to Michael Saylor, fixating squarely on Ethereum, tossing shade like confetti 🎉🎊at a carnival parade. Saylor, adopting the mantle of a modern-day Nostradamus, prophesizes the perils lurking in Ethereum and altcoin waters. With the confidence of a soothsayer peering into a crystal ball 🔮, he foresees Ethereum’s looming classification as a security and the inevitable rejection - [Yuga Labs In 'Hard Mode,' CEO Announces Layoffs Amid Transformation Drive](https://news.shib.io/2024/05/04/yuga-labs-in-hard-mode-ceo-announces-layoffs-amid-transformation-drive/): Yuga Labs’ CEO recently said he had to make some ‘hard decisions,’ including letting go of several team members, as part of a broader transformation drive to realign the company’s focus. The announcement comes as the NFT market cools off after its explosive growth between late 2021 and 2022. Greg Solano, the CEO of Yuga Labs, took to social media Friday to share candid and sobering updates. Describing the day as “tough,” Solano’s disclosures marked a turning point for the media entity, renowned as the creative force behind the iconic Bored Ape Yacht Club NFTs. A Journey To Transformation The - [US Lawmakers Urge Biden Admin to Strengthen Crypto Regulations Amid Concerns Over Iran](https://news.shib.io/2024/05/04/us-lawmakers-urge-biden-admin-to-strengthen-crypto-regulations-amid-concerns-over-iran/): Amid escalating worries surrounding the exploitation of cryptocurrency to sidestep sanctions, Senators Elizabeth Warren (D-Mass.) and Angus King (I-Maine) have called upon the Biden administration to bolster regulations governing cryptocurrencies. The concerns were underscored in a recent letter addressed to top administration officials, which highlighted Iran’s utilization of cryptocurrency mining as a means of circumventing sanctions.  The senators pressed the administration for insights on Wednesday into its efforts to counter Iran’s exploitation of cryptocurrency mining for sanctions evasion. Iran’s Embrace of Cryptocurrency as a Revenue Source As per the letter, Iran has harnessed cryptocurrency mining as a significant revenue stream, - [Shiba Inu Fans Rejoice: PayPal and MoonPay Team Up to Simplify Crypto Purchases](https://news.shib.io/2024/05/04/shiba-inu-fans-rejoice-paypal-and-moonpay-team-up-to-simplify-crypto-purchases/): Crypto enthusiasts and Shiba Inu (SHIB) holders have a reason to celebrate. Fintech giant PayPal has joined forces with MoonPay, a popular cryptocurrency buying app, in a strategic partnership that will enable direct purchases of SHIB and other digital assets through PayPal.  The move, announced Thursdady, is a significant step toward simplifying crypto transactions for users across the United States. The integration leverages MoonPay’s extensive infrastructure, boasting over 15 million users, to enhance the buying experience for SHIB enthusiasts. Users can now seamlessly purchase cryptocurrencies through wallet transfers, bank transfers, and even debit card transactions.  Previously, the reluctance of traditional - [Bitcoin Bull Michael Saylor Raises Eyebrows: Predicts Ethereum's Security Classification and ETF Disapproval](https://news.shib.io/2024/05/03/bitcoin-bull-michael-saylor-raises-eyebrows-predicts-ethereums-security-classification-and-etf-disapproval/): In a surprising twist within the cryptocurrency community, renowned Bitcoin maximalist Michael Saylor sparked intrigue by diverging from the herd, predicting Ethereum’s contentious journey towards a potential security classification by the U.S. Securities and Exchange Commission (SEC) while casting doubts on the approval prospects of ETH exchange-traded funds (ETFs). Saylor’s bold stance underscores the evolving dynamics of the crypto landscape and sets the stage for intensified debates and market uncertainties. Saylor, the co-founder and executive chairman of the American business intelligence and software firm MicroStrategy, made a grim prediction about Ethereum, the world’s second-largest crypto asset by market capitalization, saying - [Clashing Visions: BlackRock CEO Fink Advocates Population Decline for Social Harmony; Musk Warns of Civilization's Fate](https://news.shib.io/2024/05/03/clashing-visions-blackrock-ceo-fink-advocates-population-decline-for-social-harmony-musk-warns-of-civilizations-fate/): BlackRock CEO Larry Fink and tech mogul Elon Musk have offered starkly contrasting visions for humanity’s future. And Fink’s advocacy for embracing shrinking populations as a means to foster social harmony has collided head-on with Musk’s ominous warning of civilization’s impending doom.  Embracing Demographic Shifts During the World Economic Forum’s Special Meeting on Global Collaboration, Growth, and Energy Development, Fink delivered a message regarding the future of developed nations with declining populations. Speaking on a panel focused on Investing Amid Global Fracture, Fink emphasized the potential advantages for countries facing demographic decline amid the rise of automation.  He posited that - [Jack Dorsey's Block Takes a Page from Michael Saylor's Bitcoin Approach](https://news.shib.io/2024/05/03/jack-dorseys-block-takes-a-page-from-michael-saylors-bitcoin-approach/): Jack Dorsey’s fintech firm Block, formerly known as Square, seems to be taking a page from Michael Saylor’s Bitcoin approach at MicroStrategy. This week, Dorsey revealed that Block would dedicate 10% of its gross profit from Bitcoin products to purchasing BTC each month. This move underscores the growing influence of Bitcoin, highlighting its impact on modern corporate financial strategies. Block’s Dollar Cost Averaging Strategy Block recently launched a new dollar cost averaging (DCA) program to increase its Bitcoin holdings. The company recently began using a portion of its monthly Bitcoin-related gross profit to purchase additional Bitcoin. In a statement, Block - [Hong Kong's Crypto ETFs Make a Mark in the Global Market](https://news.shib.io/2024/05/03/hong-kongs-crypto-etfs-make-a-mark-in-the-global-market/): The official launch of spot Bitcoin and Ethereum exchange-traded funds (ETFs) in Hong Kong is one of the eagerly-awaited events in the cryptocurrency space following the historic BTC halving and the official rollout of Bitcoin spot ETFs in the U.S. While some reports have offered bearish news about the region’s crypto ETF launch, a closer look at the figures reveals it was a huge success. According to data provided by ChinaAMC, one of Hong Kong’s ETF issuers, as of the 4:10 p.m. market close on Tuesday, the ChinaAMC Bitcoin ETF recorded a volume of $5.3 million, while the ChinaAMC Ether - [US Senator Criticizes DOJ Over Non-Custodial Wallets, Vows to Defend Bitcoin Rights](https://news.shib.io/2024/05/02/us-senator-criticizes-doj-over-non-custodial-wallets-vows-to-defend-bitcoin-rights/): Wyoming’s Republican Senator Cynthia Lummis has voiced strong opposition to the Biden administration’s Department of Justice (DOJ), criticizing its stance on non-custodial wallet software in the realm of cryptocurrency. In a pointed statement, Senator Lummis expressed deep concern over what she termed the DOJ’s “hyper-aggressive argument” that such software could constitute a money transmission service. Lummis’ remarks were triggered by the DOJ’s recent reply brief regarding the indictment against Roman Storm, the developer of Tornado Cash, whose lawyers moved to dismiss the charges against him. “I am deeply troubled by the Department of Justice’s hyper-aggressive argument that non-custodial software can - [MicroStrategy Ventures into Decentralized Identity with MicroStrategy Orange](https://news.shib.io/2024/05/02/microstrategy-ventures-into-decentralized-identity-with-microstrategy-orange/): MicroStrategy, famous for its staggering 214,400 Bitcoin holdings, has unveiled a pioneering foray into decentralized identity solutions by introducing MicroStrategy Orange on Thursday. This groundbreaking initiative marks a significant milestone in the evolution of digital identity management, leveraging the robustness of the Bitcoin blockchain to empower users and enhance data security. “Wouldn’t it be great if instead of a blue check, green check, etc., there was an orange check that was a global standard? With MicroStrategy, maybe we could approach this idea of decentralized identity, with Bitcoin,” Michael Saylor, Executive Chairman, MicroStrategy said at the MicroStrategy World 2024 in Las - [Shiba Inu's Shibarium Experiences Historic Surge in Gas Fees, Active Users Ahead Of Hard Fork](https://news.shib.io/2024/05/02/shiba-inus-shibarium-experiences-historic-surge-in-gas-fees-active-users-ahead-of-hard-fork/): Shibarium has experienced an unprecedented surge: gas fees have skyrocketed, coinciding with a remarkable increase in active users, setting the stage for a pivotal moment in the layer-2 scalability solution’s evolution. As anticipation mounts for its eagerly-awaited hard fork, the cryptocurrency community is bracing for the impact of these monumental developments. Shiba Inu’s layer-2 scalability platform experienced a monumental rise in transaction fees, which soared by an unprecedented 500%. Recent data showed that the total gas fees surged from a previous 12 BONE to an impressive 61.47 BONE.  This increase highlighted the growing activity and utilization of Shibarium, where Bone - [Researchers Harness AI to Combat Bitcoin Money Laundering](https://news.shib.io/2024/05/02/researchers-harness-ai-to-combat-bitcoin-money-laundering/): In a recent collaboration, researchers from blockchain forensic firm Elliptic, IBM Watson, and MIT have achieved remarkable strides in utilizing artificial intelligence (AI) to pinpoint money laundering activities on the Bitcoin blockchain. The report published Wednesday by Elliptic, titled “Enhancing Blockchain Analytics Through AI,” shows the efficacy of deep learning models in detecting cryptocurrency crimes. The report underscores the important role of deep learning models in identifying money laundering patterns and pinpointing crypto wallets entangled in illicit transactions. Unlike conventional financial systems where transactional data is often fragmented, blockchain’s transparency facilitates the application of these methodologies. The accessibility of transactional - [UK Government Report Says Crypto was Major Money Laundering Risk in 2022-2023](https://news.shib.io/2024/05/02/uk-government-report-flags-crypto-as-major-money-laundering-risk-in-2022-2023/): Crypto-assets have been singled out as a key conduit for money laundering activities between 2022 and 2023 by the U.K. Treasury.  The revelation stems from an analysis published Wednesday based on data furnished by the Financial Conduct Authority (FCA), spotlighting critical vulnerabilities within the cryptocurrency sector. Crypto Firms Under Scrutiny The U.K. government’s financial arm underscored that crypto firms, alongside retail banking, wholesale banking, and wealth management, stand at the forefront of susceptibility to exploitation for money laundering endeavors during the aforementioned period. This conclusion was drawn following the FCA’s meticulous risk assessments conducted on 238 firms. While the FCA - [India's ED Partners with Binance to Foil E-Nugget Scam, Seizes $10.5M in Crypto Assets](https://news.shib.io/2024/05/02/indias-ed-partners-with-binance-to-foil-e-nugget-scam-seizes-10-5m-in-crypto-assets/): A financial investigations agency in India recently made headlines by collaborating with cryptocurrency exchange Binance to dismantle a fraudulent online gaming app, E-Nugget. The joint effort resulted in the seizure of about $10.5 million worth of crypto assets linked to the scam. The Directorate of Enforcement (ED) is a multi-disciplinary organization responsible for investigating offenses related to money laundering and violations of foreign exchange laws in India. As a premier financial investigation agency under the Ministry of Finance, the ED enforces Indian laws. The agency reported the incident in a Tuesday post on X (formerly Twitter). The E-Nugget Scam E-Nugget, - [Shytoshi Kusama Expresses Gratitude for Crypto Mogul's Positive Recognition of Shiba Inu](https://news.shib.io/2024/05/02/shytoshi-kusama-expresses-gratitude-for-crypto-moguls-positive-recognition-of-shiba-inu/): Shytoshi Kusama has stepped forward to express profound appreciation as Shiba Inu gained recognition from a notable figure in the cryptocurrency realm. This comment solidifies Shiba Inu’s position as a cornerstone within the meme coin sector, while Kusama’s heartfelt acknowledgment of it underscores the collective dedication fueling the token’s ascent in the digital asset landscape Kusama, the enigmatic and pseudonymous leader carrying the torch passed on by Ryoshi, the creator of Shiba Inu, embarked on a journey marked by sacrifice and dedication to nurture the entrusted project. His leadership, marked by bold yet strategic decisions and innovative and forward-thinking initiatives, - [SEC Under Fire: US House Rips Ethereum Probe, Accuses Gensler Of Misleading Congress](https://news.shib.io/2024/05/02/sec-under-fire-us-house-rips-ethereum-probe-accuses-gensler-of-misleading-congress/): Amid escalating tensions, the U.S. Securities and Exchange Commission (SEC) finds itself under intense scrutiny as the House Financial Services Committee lambasts the regulator’s Ethereum investigation and its purported move to label the cryptocurrency as a security. In a damning accusation, Financial Committee Chairman Patrick McHenry levelled charges of intentional deception against SEC Chairman Gary Gensler, alleging a deliberate attempt to mislead Congress on the matter. Legal Challenges and Legislative Criticism Merely days after the Ethereum blockchain company Consensys initiated a 34-page lawsuit against the SEC and its commissioners, alleging what it termed an “unlawful seizure of authority over Ethereum - [Let's Forking Go!](https://news.shib.io/2024/05/01/lets-forking-go/): Read the latest edition of The Shib magazine here. - [The Big Bet: MicroStrategy Pushes Bitcoin Accumulation Amid Price Volatility, BTC ETF](https://news.shib.io/2024/05/01/the-big-bet-microstrategy-pushes-bitcoin-accumulation-amid-price-volatility-btc-etf/): MicroStrategy, in a daring financial play that reflects both its vision and its appetite for risk, aggressively ramped up its Bitcoin holdings, as it navigates significant market volatility and the emerging dynamics of Bitcoin ETFs. This strategy, while fraught with volatility, positions the company at the forefront of a major economic transition, suggesting that the future of business may well hinge on the integration of advanced crypto assets into traditional financial systems. Strategic Bitcoin Commitment MicroStrategy reaffirmed its commitment to Bitcoin, integrating it deeply into its corporate finance strategy. As of April 26, the company invested a staggering $7.54 billion - ['Protect Users': CZ's Parting Words to Community After 4-Month Sentence](https://news.shib.io/2024/05/01/protect-users-czs-parting-words-to-community-after-4-month-sentence/): In a somber farewell address to his global community, Changpeng Zhao (CZ), the influential founder of the cryptocurrency exchange Binance, emphasized the paramount importance of user protection. His words, ‘Protect Users,’ came just moments after CZ was sentenced to a four-month imprisonment, leaving the community anxious and saddened by the court’s decision. Gratitude in Adversity Despite the looming worry of imprisonment, CZ’s spirits remained high, fueled by the overwhelming support from his community. He acknowledged the various forms of solidarity shown by his followers, from heartfelt letters to vocal support on social media platforms like X (formerly Twitter).  “I would - [Unveiling the Impact of Open Source on Cryptocurrencies](https://news.shib.io/2024/04/30/unveiling-the-impact-of-open-source-on-cryptocurrencies/): In Web3, open-source software (OSS) serves as a cornerstone in enabling innovation, transparency, and community-driven development. Open-source principles allow code to be freely accessed, modified, and distributed, significantly shaping the evolution of groundbreaking technologies like Bitcoin and Ethereum. Let’s delve into the intricacies of open source in the context of cryptocurrencies and explore its profound impact on this landscape. Open-source software, a concept predating cryptocurrencies, gained prominence in the 1990s as a means for developers to collaborate and share code openly on the internet. Today, open source underpins a vast array of online activities. In the context of cryptocurrencies, open - [Dollar Cost Averaging in Cryptocurrency: A Strategic Approach to Investment](https://news.shib.io/2024/04/30/dollar-cost-averaging-in-cryptocurrency-a-strategic-approach-to-investment/): Cryptocurrency’s wild price swings can make investing feel like a rollercoaster ride. But there’s a strategy to smooth out the bumps: Dollar Cost Averaging (DCA). What Is Dollar Cost Averaging? Dollar Cost Averaging is an investment strategy where an investor divides the total amount to be invested across periodic purchases of a target asset to reduce the impact of volatility on the overall purchase. The purchases occur regardless of the asset’s price and at regular intervals. In effect, this strategy removes much of the detailed work of attempting to time the market to make purchases of equities at the best - [Be Crypto-Cautious: FBI Warns of Deceptive Token Scam](https://news.shib.io/2024/04/30/be-crypto-cautious-fbi-warns-of-deceptive-token-scam/): The Federal Bureau of Investigation (FBI) is raising red flags for cryptocurrency users, highlighting a new scam tactic involving impersonation tokens. The FBI notes in a press release that criminals are resorting to creating counterfeit tokens that mimic well-known cryptocurrencies like Tether (USDT) and other stablecoins. These fraudulent tokens are then disseminated to unsuspecting victims via cryptocurrency addresses bearing a striking resemblance to legitimate ones previously used by the victims. This nefarious scheme, known as an address-poisoning attack, capitalizes on the inherent truncation of cryptocurrency wallet software, where the first and last few alphanumeric characters of the addresses may appear - [TFW Empowers Cancer Warriors Through Times Square NFT Display](https://news.shib.io/2024/04/30/tfw-empowers-cancer-warriors-through-times-square-nft-display/): Tutti Frutti Women (TFW) continues to make waves in the digital and real-world spaces with its mission to empower cancer warriors. Recently, the organization showcased its NFT project on Times Square, marking a significant milestone in its journey of spreading awareness and support for those affected by cancer. Since its establishment in 2022, TFW has been dedicated to supporting cancer warriors and raising awareness about the challenges they face. Through various initiatives, including the publication of a motivational book featuring cancer survivors and the creation of NFTs, TFW has been at the forefront of driving positive change in the community. - [USDC Surpasses USDT in Transaction Volume: A Game-Changing Shift in Stablecoin Dynamics](https://news.shib.io/2024/04/30/usdc-surpasses-usdt-in-transaction-volume-a-game-changing-shift-in-stablecoin-dynamics/): In a remarkable turn of events, Circle’s USD Coin (USDC) has taken the lead over Tether’s USDT in stablecoin transactions, signaling a significant shift in the crypto market landscape. According to recent data from Visa’s on-chain analytics, USDC recorded a staggering 166.6 million transactions in April, surpassing USDT’s 163.6 million transactions for the month. This unexpected surge in USDC transactions has caught industry observers by surprise, especially considering Tether’s longstanding dominance as the world’s largest stablecoin with a market capitalization exceeding $110 billion. USDC, currently valued at $33.5 billion, has managed to outpace Tether despite its smaller market size. The - [Canada Proposes New Capital Gains Tax: What You Need to Know](https://news.shib.io/2024/04/30/canada-proposes-new-capital-gains-tax-what-you-need-to-know/): Canadian Prime Minister Justin Trudeau has unveiled a proposal to overhaul the Capital Gains Tax to address income inequality and boost government revenue. Set to take effect on June 25, 2024, the proposed changes will impact a select group of taxpayers and have implications for both individuals and corporations. Understanding Capital Gains Tax The Capital Gains Tax is levied on individuals when they sell an asset or capital property, with capital gains representing the profits from such sales. This tax applies to a wide range of capital assets, including: The Proposed Alteration Under the proposed alteration, the inclusion rate for - [Germans Embrace Digital Euro: Bundesbank Study Reveals Shift in Consumer Sentiment](https://news.shib.io/2024/04/30/germans-embrace-digital-euro-bundesbank-study-reveals-shift-in-consumer-sentiment/): A study by the Deutsche Bundesbank has unveiled a significant shift in German consumer sentiment toward digital assets. The study found that a remarkable 86% of Germans are receptive to the idea of a central bank digital currency (CBDC), dubbed the “digital Euro.”  This widespread openness presents a pivotal opportunity to modernize the European financial landscape. The Study’s Key Findings 1. Keen Interest in Digital Euro: Nearly half of the approximately 6,000 respondents expressed a strong interest in utilizing a digital Euro, even without the incentive of interest earnings. This finding is particularly remarkable in Germany, a country traditionally known - [Latest Shiba Eternity Update Revolutionizes Player Interaction and Combat Mechanics](https://news.shib.io/2024/04/30/game-on-shiba-eternitys-latest-update-revolutionizes-player-interaction-and-combat-mechanics/): In its ongoing effort to enhance and refine, the Shiba Inu Games team has launched another significant update for “Shiba Eternity,” the first-ever mobile collectible card game rooted in the vibrant Shiba Inu community. This latest upgrade focuses on reinforcing social bonds among players and deepening the strategic elements of gameplay, marking it as the third major enhancement this month. Revamping Player Interactions, Strategic Gameplay Enhancements The latest version, 1.2.7, of ‘Shiba Eternity’ introduces substantial improvements aimed at enhancing player interaction and strategic depth. The updated social menu now operates with remarkable speed, efficiently loading and managing friends lists, making - [Russia Proposes Restrictions on Cryptocurrency Platforms to Strengthen Ruble](https://news.shib.io/2024/04/29/russia-proposes-restrictions-on-cryptocurrency-platforms-to-strengthen-ruble/): Come September 1, 2024, Russia will implement a stringent prohibition on the widespread circulation of crypto assets, including popular cryptocurrencies like Bitcoin. Only digital financial assets issued within Russian jurisdiction will remain permissible, marking a significant step in the government’s efforts to assert control over the crypto landscape amidst escalating geopolitical conflicts. Why Russia Wants to Ban Crypto Anatoly Aksakov, Chair of the State Duma Committee on the Financial Market, is leading an initiative to introduce stricter regulations on cryptocurrency within Russia. The proposed legislation aims to limit the influence of non-Russian crypto operations and solidify the primacy of the - [How Cryptocurrency Can Help You Save Money on Everyday Transactions](https://news.shib.io/2024/04/29/how-cryptocurrency-can-help-you-save-money-on-everyday-transactions/): Cryptocurrencies have surged into the spotlight as lucrative investment vehicles, but their utility extends far beyond trading desks. In this article, we delve into the practical ways cryptocurrency can bolster your financial well-being, from cutting costs on international money transfers to unlocking discounts in online shopping and fortifying money management security. Let’s explore how this revolutionary technology can reshape your financial landscape. 1. International Money Transfers Sending money across borders can incur exorbitant fees through traditional banking channels. However, cryptocurrencies offer a compelling alternative: Lower Fees: Cryptocurrency transactions typically entail lower fees compared to conventional wire transfers, providing a cost-effective - [Unpacking RFK Jr's Blockchain Budget Plan: A Visionary Shift or a Technological Quagmire?](https://news.shib.io/2024/04/28/unpacking-rfk-jrs-blockchain-budget-plan-a-visionary-shift-or-a-technological-quagmire/): In the latest twist in U.S. presidential race dynamics, Robert Kennedy Jr. (RFK), in a bold departure from conventional U.S. presidential campaign promises, has introduced a transformative proposal that could redefine federal financial management: shifting the entire U.S. budget to blockchain technology. Touted as a leap toward unparalleled transparency and operational efficiency, this visionary proposal has ignited a mix of cautious optimism and sharp skepticism across the political spectrum. The Shib Daily sought the help of a leading Web3 expert to examine the potential implementation of JFK Jr’s proposal. That deep dive threw up a raft of troubling questions, quickly - [Shiba Inu Basks In Limelight As Telegram Scorches DOGE In New Features Announcement](https://news.shib.io/2024/04/28/shiba-inu-basks-in-limelight-as-telegram-slyly-burns-doge-in-new-features-announcement/): In what can only be described as a tail-wagging turn of events, Telegram’s announcement of its latest feature has left cryptocurrency buffs, particularly the Shib Army and Dogecoin enthusiasts, howling with confusion and delight, as dog content takes the lead and seemingly paints a message that the instant messaging app has slyly scorched Elon Musk’s beloved Dogecoin over SHIB. Cryptic Canine Clues Over a hectic weekend marked by unexpected outages and fervent discussions on X (formerly Twitter), Pavel Durov’s Telegram introduced a raft of intriguing new features. Amid this announcement, a fleeting glimpse of a channel named “Doge” captured the - [SHIB Dominates Last Week’s Top 20 Crypto Performers, Outshining 18 Rivals](https://news.shib.io/2024/04/26/shib-dominates-last-weeks-top-20-crypto-performers-outshining-18-rivals/): Amid a week characterized by volatile swings and unpredictable market conditions, Shiba Inu ($SHIB) stands out as a beacon of strength in the broader cryptocurrency market. SHIB outshone 18 of its crypto counterparts and continued to hold strong, finishing last week notably higher despite the overall erratic price action, demonstrating resilience and growing investor confidence. Impressive Performance CoinDesk Indices, a provider of cryptocurrency indices, has recognized Shiba Inu as the second top-performing crypto asset in its latest bi-weekly market update. The ranking was based on the substantial growth recorded by the cryptocurrencies over the previous week. Shiba Inu led the - [Shiba Inu Tops Robinhood Weekly Gainers: Outshines ETH, LTC, LINK with Major Surge](https://news.shib.io/2024/04/26/shiba-inu-tops-robinhood-weekly-gainers-outshines-eth-ltc-link-with-major-surge/): This week, the cryptocurrency market witnessed a surprising turn of events as Shiba Inu (SHIB) claimed the top spot among weekly gainers on the crypto trading platform Robinhood. The meme-inspired cryptocurrency not only captured the attention of traders but also showcased a significant 11% increase in value, positioning itself as the leader in a diverse field of digital assets. Originally introduced as a playful alternative to Dogecoin, Shiba Inu has evolved far beyond its meme coin beginnings. Over time, it has developed a strong community and an increasingly robust ecosystem, transforming into a significant player in the cryptocurrency market. This - [Japanese Firm Metaplanet Executes Over $6M Purchase of 97.85 Bitcoin, Echoing Microstrategy's Investment Strategy](https://news.shib.io/2024/04/26/japanese-firm-metaplanet-executes-over-6m-purchase-of-97-85-bitcoin-echoing-microstrategys-investment-strategy/): Japan-based investment consulting firm Metaplanet has delved into the cryptocurrency market with a strategic acquisition of 97.85 Bitcoin, valued at over $6 million. This inaugural foray into digital currencies marks a pivotal moment for Metaplanet, signaling its emergence as a player in the ever-evolving landscape of digital finance. Strategic Acquisition and Financial Milestone Metaplanet made waves in the financial world with its recent announcement on social media platform X, marking a pivotal moment in the company’s trajectory. On Monday, the firm finalized its inaugural acquisition of 97.85 bitcoins, amounting to an impressive JPY 1 billion or around $6.25 million. This - [Shiba Inu Surges 23%, Hits Weekly High as Whale Transactions Skyrocket](https://news.shib.io/2024/04/26/shiba-inu-surges-23-hits-weekly-high-as-whale-transactions-skyrocket/): Shiba Inu ($SHIB) has surged by an impressive 23%, reaching a new weekly high, driven by a dramatic increase in whale transactions. The cryptocurrency witnessed a significant jump in large transaction volumes—a 61.39% increase in just 24 hours—highlighting a robust influx of major investor interest.  The Breakout and the Bulls’ Charge A recent tweet by cryptocurrency price tracker Coinpedia Markets reported that “$SHIB is already 23% up since successfully breaking out the Range High as support. On its way to exploding the Range High resistance area via the green path with a target of $0.0000450.” This statement highlights a significant - [Stripe Returns to Crypto Payments: USDC Integration Signals Strategic Shift](https://news.shib.io/2024/04/26/stripe-returns-to-crypto-payments-usdc-integration-signals-strategic-shift/): In a surprising move, fintech giant Stripe announced its re-entry into the cryptocurrency market after a six-year hiatus, unveiling plans to accept crypto payments starting with the USDC stablecoin on Thursday. The news came during the company’s Connect developer conference in San Francisco, where co-founder and president John Collison revealed Stripe’s pivot towards embracing stablecoins for transactions. This strategic shift marks a notable departure from Stripe’s previous stance on cryptocurrencies, notably pulling back from Bitcoin in 2018 due to its volatility. Now, Stripe is focusing on the stability and reliability of USDC, a leading stablecoin, allowing customers to transact seamlessly - [Spot Ether ETFs Spark Global Excitement Amid Regulatory Divergence](https://news.shib.io/2024/04/26/spot-ether-etfs-spark-global-excitement-amid-regulatory-divergence/): Over the last few weeks and months, Ether ETFs have dominated headlines, oscillating between hopeful anticipation and regulatory uncertainty in various jurisdictions. Hong Kong has become the first major financial hub to approve the launch of spot Bitcoin and Ether exchange-traded funds (ETFs), while U.S. regulators continue to express skepticism. The Securities and Futures Commission (SFC) of Hong Kong announced the official approval of the first batch of spot Bitcoin and Ether ETFs, which will start trading on April 30. Unlike the cash-creation model of U.S. spot Bitcoin ETFs, Hong Kong aims to offer in-kind creation models for ETFs that - [A Bullish Forecast: SHIB to Reach $100B Market Cap by 2025](https://news.shib.io/2024/04/26/a-bullish-forecast-shib-to-reach-100b-market-cap-by-2025/): Shiba Inu, the cryptocurrency that began as a meme, is now on a trajectory toward achieving a market capitalization of $100 billion by 2025. This ambitious forecast isn’t just a dream but a reflection of growing investor confidence and the evolving utility of the token within the blockchain ecosystem. Since its inception in August 2020, Shiba Inu has grown from a quirky meme coin to a staple in the crypto community. Known for its vibrant and active community, $SHIB consistently pushed the boundaries of what a digital currency can be. It is not just a token but a decentralized ecosystem - [A Year After Lubin Praised Gensler, His Company Consensys Sues SEC Over 'Unlawful Seizure of Authority'](https://news.shib.io/2024/04/26/a-year-after-lubin-praised-gensler-his-company-consensys-sues-sec-over-unlawful-seizure-of-authority/): Last year, Joseph Lubin, the co-founder of Ethereum, stood in the spotlight as he extolled SEC Chair Gary Gensler as a “shining knight of decentralization.” However, the sheen of this praise has significantly dulled. More than a year later, the narrative has taken an unexpected turn as Consensys, the Ethereum blockchain company Lubin founded, finds itself at odds with the very agency Gensler leads. On a Thursday that marked a new chapter in the crypto saga, Consensys filed a 34-page lawsuit in a Texas federal court against the SEC. This legal move was not merely defensive but a clarion call - [Million-Dollar NFT Sales Spark Debate on Non-Fungible Token Market Resurgence](https://news.shib.io/2024/04/26/million-dollar-nft-sales-spark-debate-on-non-fungible-token-market-resurgence/): The recent resurgence in interest in Non-Fungible Tokens (NFTs) comes after a period of decline that started in 2022 and continued into the early part of this year. During this downturn, the prices and sales volumes of NFTs dropped significantly from their peak in 2021 and 2022. However, a series of high-value sales of various NFT collectibles has sparked renewed interest and discussions about the potential rebound of the NFT market. Historical Context  In 2021, the non-fungible token (NFT) market soared dramatically, fueled by a significant increase in cryptocurrency prices that drew a wave of new traders looking for opportunities - [Shibarium Network Hard Fork Update: Faster, Cheaper, and Ready for the Future](https://news.shib.io/2024/04/25/shibarium-network-hard-fork-update-faster-cheaper-and-ready-for-the-future/): The Shibarium network is set to undergo a hard fork on May 2. This upgrade promises to make the network faster, more cost-effective, and better prepared to onboard the next wave of users. What Is a Hard Fork? Before we dive into the details of the upcoming hard fork, let’s briefly explain what a hard fork is in the world of cryptocurrencies. A hard fork is a fundamental change to a blockchain protocol, resulting in the creation of a new version of the network. It’s like a software update for the entire blockchain, and it often introduces new features, improvements, - [The Million-Dollar Marvel: The Journey of a Once-Worthless 'Buy Bitcoin' Sign](https://news.shib.io/2024/04/25/the-million-dollar-marvel-the-journey-of-a-once-worthless-buy-bitcoin-sign/): Bitcoin holds significant value, a widely acknowledged truth. Beyond mere investment, it serves as a lucrative asset through various avenues, benefiting from its integration into mainstream culture despite critiques. A notable illustration of this phenomenon is the recent auction of an item perceived by some as trivial, which fetched approximately 16 BTC, equivalent to roughly one million dollars. Former President John F. Kennedy’s quote, “The rising tide lifts all boats,” takes on new relevance when recalling a curious incident from 2017. During a televised event featuring then-United States Federal Reserve Chair Janet Yellen, a then-unknown individual captured a lot of - [Feds Bust Crypto Mixing Service: Samourai Founders Accused of Laundering Millions](https://news.shib.io/2024/04/25/feds-bust-crypto-mixing-service-samourai-founders-accused-of-laundering-millions/): The founders of Samourai Wallet, a popular privacy-centric Bitcoin wallet, are embroiled in legal trouble as federal prosecutors charge them with serious offenses related to money laundering and operating an unlicensed money-transmitting business. “Keonne Rodriguez and William Lonergan Hill Are Charged with Operating Samourai Wallet, an Unlicensed Money Transmitting Business That Executed Over $2 Billion in Unlawful Transactions and Laundered Over $100 Million in Criminal Proceeds,” the U.S. Attorney’s Office in the Southern District of New York announced in a press release Wednesday. The Allegations Keonne Rodriguez and William Lonergan Hill, the brains behind Samourai Wallet, are accused of conspiring - [Now Buy a Crypto Cold Wallet with SHIB: Tangem Expands Payment Options for Shiba Inu Holders](https://news.shib.io/2024/04/25/now-buy-a-crypto-cold-wallet-with-shib-tangem-expands-payment-options-for-shiba-inu-holders/): In a promising development for Shiba Inu holders, leading crypto hardware wallet provider Tangem has broadened its payment horizons to include SHIB, offering a seamless way for enthusiasts to acquire Tangem Wallets using the popular meme coin. Tangem’s decision to integrate SHIB payments aligns perfectly with its commitment to bolstering security and convenience for the global crypto community. This expansion not only caters to the rising demand for SHIB but also underscores Tangem’s responsiveness to user preferences. To purchase a Tangem Wallet with SHIB, simply follow these steps: Tangem’s history with Shiba Inu goes back over a year when it - [Indonesia and Australia Forge Crypto Taxation Agreement to Boost Revenue and Promote Economic Growth](https://news.shib.io/2024/04/25/indonesia-and-australia-forge-crypto-taxation-agreement-to-boost-revenue-and-promote-economic-growth/): In a significant move to enhance the detection of assets that may have tax liabilities in either country, Indonesia and Australia’s tax authorities signed a Memorandum of Understanding (MoU) for a cryptocurrency information-sharing arrangement. The agreement, which was unveiled April 23, emphasizes the importance of innovation and collaboration among tax authorities to keep up with the rapid advances in the worldwide landscape of financial technologies. The MoU signed at the Australian Embassy in Jakarta, aims to promote a more effective interchange of cryptocurrency-related data and information across tax authorities. It also highlights the need for equitable taxation to promote economic - [Exclusive Interview- Group behind El Salvador's Wallet Hack Explains Its Motives](https://news.shib.io/2024/04/24/exclusive-interview-group-behind-el-salvadors-wallet-hack-explains-its-motives/): Recent concerns about the security of El Salvador’s Chivo Bitcoin wallet have ignited debates within the cryptocurrency community—where ideals of freedom and decentralization are celebrated. In the midst of these swirling allegations and stark official denials, The Shib Daily secured a rare and exclusive interview with the notoriously elusive hacking group CiberInteligenciaSV, known for its incursions into organizations and government entities. The group, which recently swept into the public eye by releasing sensitive data from the government-backed Chivo wallet, was clear its motives were far from malicious. From the digital shadows, a representative from CiberInteligenciaSV shared: “Many believe that we - [SHIB's War Chest](https://news.shib.io/2024/04/24/shibs-war-chest/): Read the latest edition of The Shib magazine here. - [Robinhood App Now Offers SHIB Trading for New York Residents](https://news.shib.io/2024/04/24/robinhood-app-now-offers-shib-trading-for-new-york-residents/): The popular trading platform Robinhood has officially added Shiba Inu (SHIB) to its list of supported assets for residents of New York State. They can now buy, sell, and trade SHIB directly through the Robinhood app. Why Is This News Significant? How to Trade SHIB on Robinhood Remember that cryptocurrency investments carry risks, and it’s essential to do your research and understand the market dynamics before trading. Robinhood’s inclusion of SHIB for New York State residents marks a significant step toward democratizing crypto trading. - [Hacking Group Leaks Source Code of El Salvador's Chivo Bitcoin Wallet, ATM Network](https://news.shib.io/2024/04/24/hacking-group-leaks-source-code-of-el-salvadors-chivo-bitcoin-wallet-atm-network/): A hacking group known for its cyberattacks on organizations and governments has once again thrust itself into the spotlight with a daring maneuver that captured global attention. This time, CiberInteligenciaSV leaked what it said was a portion of the source code and VPN credentials of Chivo Wallet, El Salvador’s state-operated Bitcoin wallet. Breach And Dump The saga started with a threatening declaration earlier this week on the group’s Telegram channel: “We will release part of the source code and VPN access belonging to Chivo Wallet, for free as always, unless any government snoops want to talk, I’ll leave our username - [Shytoshi Kusama’s Cryptic Response to Bitcoiner Davinci Jeremie’s Bullish SHIB Tweet](https://news.shib.io/2024/04/24/shytoshi-kusamas-cryptic-response-to-bitcoiner-davinci-jeremies-bullish-shib-tweet/): In a surprising twist that has set the crypto community abuzz, Shytoshi Kusama, the enigmatic lead developer of the Shiba Inu ecosystem, responded to a bullish tweet by prominent Bitcoiner Davinci Jeremie. Davinci’s tweet, “Wow, it seems like $SHIB is about to go,” conveyed optimism about the prospects of the token. Kusama’s response, however, was anything but conventional. Instead of a typical text reply, Kusama opted for a GIF—an image of a nodding girl with a playful smile of approval. This cryptic interaction sent ripples of excitement throughout the Shib Army, the passionate community of Shiba Inu enthusiasts. Davinci Jeremie: - [DOJ Pushes for Three-Year Prison Sentence for Binance's CZ Following Guilty Plea](https://news.shib.io/2024/04/24/doj-pushes-for-three-year-prison-sentence-for-binances-cz-following-guilty-plea/): The U.S. Department of Justice has recommended a three-year prison sentence for Changpeng “CZ” Zhao, the founder and former CEO of Binance. This recommendation follows Zhao’s guilty plea last year for violating the Bank Secrecy Act. As per a filing by DOJ attorneys on Tuesday evening, the department is seeking that Zhao serve a 36-month prison term and pay a $50 million fine. The filing emphasized that the sentence’s significance extends beyond Zhao, serving as a deterrent against future misconduct worldwide. The filing outlines the DOJ’s assessment of the sentencing guidelines, acknowledging that they typically propose a range of 12 - [Is Cryptocurrency Losing Its Way? Crypto Genius' Stark Reminder of Its True Purpose](https://news.shib.io/2024/04/24/is-cryptocurrency-losing-its-way-crypto-genius-stark-reminder-of-its-true-purpose/): In a recent social media posat, Ethereum co-founder Vitalik Buterin emphasized a fundamental principle of cryptocurrency that extends beyond trading: the preservation of individual liberty and the decentralization of power. His call to arms, so to speak, highlights a critical juncture in time where digital assets face increasing scrutiny over their role in safeguarding privacy amid global surveillance anxieties. ‘Crypto is not just about trading tokens, it’s part of a broader ethos of protecting freedom and privacy and keeping power in the hands of the little guy,” Buterin asserted in a post on X on Saturday. The founding ethos of - [Priced In or Not, Bitcoin Halving Propels Meme Coins' Value](https://news.shib.io/2024/04/24/priced-in-or-not-bitcoin-halving-propels-meme-coins-value/): Amid ongoing debates over whether the effects of the Bitcoin Halving were already reflected in its price, recent market trends confirm the event’s crucial role in driving the bullish sentiment observed across multiple cryptocurrencies. This historic reduction in Bitcoin mining rewards marks a significant milestone, influencing market dynamics and investor sentiment profoundly. The cryptocurrency market saw an uptick as Bitcoin rose modestly at the start of the week following the network’s fourth halving on Friday. This pivotal event reduced the reward for mining Bitcoin transactions, influencing not just Bitcoin but the entire crypto spectrum. Bitcoin faced a slight pullback immediately - [SHIB Ecosystem Dominates: Q1 Rally Elevates Shiba Inu, LEASH And BONE](https://news.shib.io/2024/04/24/shib-ecosystem-dominates-q1-rally-elevates-shiba-inu-leash-and-bone/): The SHIB ecosystem emerged as a dominant force in the cryptocurrency market during the first quarter of the year, in a resounding display of strength. The Q1 rally propelled not only Shiba Inu but also its companion tokens, LEASH and BONE, to new heights, solidifying the ecosystem’s position as a frontrunner in the rapidly evolving landscape of meme coins. The SHIB ecosystem encompasses a range of tokens, with SHIB, LEASH, and BONE being the most popular and primary ones. Shiba Inu gained popularity for its meme-inspired branding and has attracted a devoted community of supporters. LEASH serves as a companion - [Can Cryptocurrencies Ever Be Truly Private?](https://news.shib.io/2024/04/23/can-cryptocurrencies-ever-be-truly-private/): Cryptocurrencies have ushered in a new era of financial transactions, offering decentralization and borderless capabilities. Yet, the quest for complete privacy in these digital assets remains a complex and evolving challenge. In this article, we explore the intricacies surrounding cryptocurrency privacy, the regulatory landscape, and the delicate balance between user empowerment and financial transparency. The Illusion of Anonymity While often touted as anonymous, cryptocurrencies fall short of providing absolute privacy. The cornerstone of most cryptocurrencies, the blockchain, maintains a public ledger of all transactions. Despite the use of pseudonymous addresses, advancements in blockchain analysis have enabled the linkage of wallet - [PayPal Pilots Green Bitcoin Rewards Program to Combat Environmental Impact of Mining](https://news.shib.io/2024/04/23/paypal-pilots-green-bitcoin-rewards-program-to-combat-environmental-impact-of-mining/): In a groundbreaking initiative to address concerns about Bitcoin’s environmental impact, PayPal, in collaboration with Energy Web and DMG Blockchain Solutions, is set to roll out a new incentive program that rewards miners who prioritize sustainable energy practices. The program, outlined in a recent research paper by PayPal’s Blockchain Research Group, aims to incentivize Bitcoin miners to shift toward cleaner energy sources by offering additional rewards for environmentally friendly operations. This comes at a critical juncture when the environmental impact of cryptocurrencies, particularly Bitcoin, is under intense scrutiny. Bitcoin miners adopting low-carbon energy sources will be accredited as “green miners” - [Bitcoin Transaction Fees Drop Significantly Post-Halving, Disrupting Crypto Fee Landscape](https://news.shib.io/2024/04/23/bitcoin-transaction-fees-drop-significantly-post-halving-disrupting-crypto-fee-landscape/): In the aftermath of Bitcoin’s highly anticipated fourth halving event, the cryptocurrency landscape witnessed a notable decline in transaction fees, signaling potential shifts in blockchain economics. Just days after the halving, Bitcoin’s transaction fees plummeted nearly ten-fold, marking a swift decline from the elevated levels seen immediately following the event. Initially, transaction fees soared to over $130 for high-priority transactions, imposing significant costs on participants. However, this surge was short-lived, with fees now averaging around $35 for medium-priority transactions—a stark contrast to the post-halving peak. This significant reduction has sparked discussions about its implications for miners and the broader cryptocurrency - [Venezuela Expedites Cryptocurrency Transition Amid Reinstated Oil Sanctions](https://news.shib.io/2024/04/23/venezuela-expedites-cryptocurrency-transition-amid-reinstated-oil-sanctions/): Amid escalating geopolitical tensions and enduring financial constraints, Venezuela’s state-owned oil company, PDVSA, is eyeing a strategic shift toward using cryptocurrency as a potential workaround to circumvent the latest sanctions imposed by the United States. The move underscores PDVSA’s ongoing struggle to navigate the intricate web of international sanctions that have severely hampered its ability to conduct global transactions, Reuters reported. PDVSA, long in the crosshairs of international sanctions due to its close affiliations with the Venezuelan government, finds itself grappling with mounting obstacles in accessing foreign bank accounts, a critical lifeline for conducting international business. Over the past year, - [Achtung ShibArmy! Don't Believe the Scammers, TREAT Token is Not Yet Released](https://news.shib.io/2024/04/23/achtung-shibarmy-dont-believe-the-scammers-treat-token-is-not-yet-released/): In the wake of the appearance of fake $TREAT token claims, the Shiba Inu community is being cautioned to remain vigilant against scams and misinformation circulating on the tokens. Despite recent deceptive campaigns alleging the stealthy launch of the TREAT token, Shiba Inu sources confirm that $TREAT has not been released, and any claims suggesting otherwise are fraudulent. When Shiba Inu announced Monday that it had raised $12 million through the sale of the $TREAT utility token, it clearly said in that announcement that the token is yet to be released. The emergence of counterfeit $TREAT promotions is not a - [Exploring Innovation: Shiba Inu's Layer-3 Blockchain - Discovering Hidden Features and Benefits](https://news.shib.io/2024/04/23/exploring-innovation-shiba-inus-layer-3-blockchain-discovering-hidden-features-and-benefits/): In the wake of the Shiba Inu Development Team’s electrifying announcement on Monday, which ignited fervent excitement and bullish sentiment across the crypto community, it became evident that several pivotal details about the team’s current initiative may have been overlooked. While attention gravitated towards the impressive fundraising amount and the prospect of a new token within the Shiba Ecosystem, there are critical nuances and advancements within this promising project that deserve closer examination. What Is A Layer-3 Blockchain Layer 3 in blockchain technology refers to an advanced protocol built on top of existing Layer 2 solutions, introducing additional functionalities and - [Shiba Inu Pattern Hints At Bullish Breakout Ahead](https://news.shib.io/2024/04/23/shiba-inu-pattern-hints-at-bullish-breakout-ahead/): Following a phase of trading in the red zone, which erased the gains Shiba Inu had accumulated from the last week of February to the first week of March, the beloved token of the Shiba Ecosystem now appears primed for a bullish breakout. The recent pattern suggests a significant increase in value may be imminent, which could boost the investments of the Shib Army, particularly those that heavily accumulated during the dip. Following the much-anticipated Bitcoin Halving event, Shiba Inu entered a period of trading in the green zone, experiencing an impressive surge of over 18% in value. However, despite - [SEC Lawyers Resign Following 'Gross Abuse of Power' Sanction in Crypto Case](https://news.shib.io/2024/04/23/sec-lawyers-resign-following-gross-abuse-of-power-sanction-in-crypto-case/): Following a scathing rebuke from a federal judge for what was deemed a “gross abuse of power” in a high-profile crypto case, two U.S. Securities and Exchange Commission (SEC) lawyers have tendered their resignations. This comes amid heightened scrutiny and criticism directed at the Wall Street regulator, highlighting the profound impact of the judicial sanction on key figures within the SEC’s legal team. Two lead attorneys in the controversial case against the Digital Licensing Inc. (DEBT Box) case,  Michael Welsh and Joseph Watkins, resigned from their posts in April after the SEC informed them of a potential termination if they - [A Drop Of Golden Sun: Shiba Inu’s $12M Boost Will Fund New Technology To Entice More Users](https://news.shib.io/2024/04/22/a-drop-of-golden-sun-shiba-inus-12m-boost-will-fund-new-technology-to-entice-more-users/): Shiba Inu said it has closed a $12 million round to fund the development of a new L3 blockchain focused on privacy. The announcement Monday caps an eventful few weeks when the dog-themed meme coin had a terrific run in the market while also tying up with partners to offer increased convenience and utility to its fiercely loyal fans nicknamed the Shib Army. The funding, from a clutch of big name investors — Mechanism Capital, Big Brain Holdings, Cypher Capital, Shima Capital, DWF Ventures, Morningstar Ventures, Hercules Ventures, Animoca Brands, Foresight Ventures, Comma3 Ventures, Woodstock Fund, Polygon Ventures, Stake Capital, - [Crypto Wins: The Unstoppable Change Politicians Want to Ride 🎉🚀](https://news.shib.io/2024/05/25/5-crypto-wins-the-unstoppable-change-politicians-want-to-ride-%f0%9f%8e%89%f0%9f%9a%80/): Buckle up and grab your popcorn for a wild ride through the latest wins in the crypto world because the regulatory landscape in the U.S. has turned into a spectacle of epic proportions. 🤹‍♂️🎡 Politicians Playing Nice with Crypto…Finally? 🙄🎭 Is it just us, or do politicians have more faces than a digital hydra? 🤔 One minute, they’re railing against crypto like it’s the devil’s currency, and the next, they’re cozying up to it like long-lost lovers. Take the SEC, for instance. After years of treating Ethereum like it was a digital outlaw, they finally approved the ETH ETF. 🍾🎉 - [K9 Finance Lands on CoinW Exchange, Bringing Shibarium Liquid Staking to the Masses](https://news.shib.io/2024/05/24/k9-finance-lands-on-coinw-exchange-bringing-shibarium-liquid-staking-to-the-masses/): K9 Finance ($KNINE), the liquid staking derivative (LSD) platform for the Shibarium blockchain, is set to land on the CoinW exchange Friday. The listing marks a significant step for K9 Finance, making its $KNINE token readily available to a wider audience. CoinW boasts a vast user base and industry recognition, providing K9 Finance with a valuable platform to showcase its innovative staking solutions. Starting at 12:30 UTC, users can deposit, trade, and withdraw KNINE tokens on the CoinW platform. This exciting development opens new avenues for investors to participate in the K9 Finance ecosystem. “This is a great strategic move - [D3 Marketplace Launches Beta, Unleashing Shib Name Trading with Bone](https://news.shib.io/2024/05/24/d3-marketplace-launches-beta-unleashing-shib-name-trading-with-bone/): D3 Inc. has announced the beta launch of its highly anticipated D3 Marketplace, a platform designed to meet the rising demand for Shib Names, a decentralized identifier (DID) within the Shiba Inu ecosystem. This innovative platform aims to provide a secure and user-friendly environment tailored to the needs of the Shiba Inu community. D3 has introduced features that enhance the utility and accessibility of Shib Names. One of the standout features is the ability for users to list their Shib Names for sale. This functionality opens up new avenues for ownership and allows users to monetize their digital identities within - [Kabosu, Iconic Dog Behind Dogecoin and Shiba Inu, Passes Away](https://news.shib.io/2024/05/24/kabosu-iconic-dog-behind-dogecoin-and-shiba-inu-passes-away-at-17/): Kabosu, the beloved Shiba Inu whose image became the face of Dogecoin and Shiba Inu meme coins, passed away early Friday. The news was shared by Kabosu’s owner in a heartfelt blog post, announcing that a farewell party will be held for the iconic Shiba Inu. At the time of passing, Kabosu was over 17 years of age. “We will be holding a farewell party for Kabo-chan on Sunday, May 26th . It will be held at Flower Kaori in Kotsu no Mori, Narita City, from 1pm to 4pm,” the blog reads. The crypto community and fans worldwide have been - [Bullish: Shiba Inu Soars to New Heights with Upcoming Perpetual Futures Listing by Crypto ETF Custodian](https://news.shib.io/2024/05/24/bullish-shiba-inu-soars-to-new-heights-with-upcoming-perpetual-futures-listing-by-renowned-crypto-etf-custodian/): Shiba Inu (SHIB), the popular meme-based cryptocurrency, is set to gain significant market traction as a renowned crypto ETF custodian announced its latest perpetual futures listing. This latest move by , Coinbase, which includes support for SHIB along with other crypto assets, is anticipated to boost SHIB’s visibility and trading volume. Milestone Announcement In a celebratory X post on Thursday, Coinbase, one of the world’s largest cryptocurrency exchange platforms by trading volume, marked its 50th perpetual futures listing. The announcement stated, “Celebrating our 50th perpetual futures listing with man’s best friend, the dog. We are adding support for $FLOKI, $BONK, - [VanEck Celebrates SEC Approval of Ethereum ETF with Bold Statement and New Campaign](https://news.shib.io/2024/05/24/vaneck-celebrates-sec-approval-of-ethereum-etf-with-bold-statement-and-new-campaign/): VanEck, in a swift response to the U.S. Securities and Exchange Commission’s (SEC) approval of its Ethereum ETF proposal, has released a statement and an advertisement, showcasing its readiness to embrace this significant regulatory milestone. Statement on SEC’s Approval VanEck, a prominent Wall Street firm renowned for its expertise in issuing exchange-traded fund products and mutual funds, expressed immense enthusiasm following the SEC’s green light for the Chicago Board Options Exchange (CBOE) to list and trade a spot ether ETF. This approval, under Section 19(b) of the Securities Exchange Act of 1934, marks a pivotal moment for the investment firm - [EXCLUSIVE - Shytoshi Kusama Teases SHIB's Future Following Ethereum's ETF Approval](https://news.shib.io/2024/05/23/shytoshi-kusama-teases-shibs-future-following-ethereums-etf-approval/): Shytoshi Kusama, the enigmatic lead developer of Shiba Inu (SHIB), has sparked excitement within the crypto community by teasing significant future developments for SHIB following Ethereum’s recent ETF approval. In a celebratory tweet, Kusama congratulated Ethereum on its groundbreaking achievement and hinted at the possibility of SHIB pursuing a similar regulatory milestone. His message, which encouraged followers to “stay tuned,” suggests that major developments are on the horizon for Shiba Inu, fueling speculation and anticipation among investors and enthusiasts. Just minutes after news broke that the U.S. Securities and Exchange Commission (SEC) approved Ethereum, the world’s second largest crypto asset - [SEC Greenlights Ethereum ETFs: A Game-Changer for Crypto Markets](https://news.shib.io/2024/05/23/sec-greenlights-ethereum-etfs-a-game-changer-for-crypto-markets/): The U.S. Securities and Exchange Commission (SEC), in a landmark decision, has approved eight spot Ethereum ETFs, signaling a significant leap forward for the cryptocurrency industry. This decision, welcomed with both optimism and caution, highlights the growing acceptance of digital assets in mainstream finance.  Landmark Decision for the Crypto Industry The ETFs, approved under an omnibus order, come from prominent financial institutions including BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy, and Franklin Templeton. This approval follows closely on the heels of the SEC’s historic approval of spot Bitcoin ETFs four months ago. The approved ETFs will be listed and - [Lawmakers Ratchet Up Pressure on SEC for Ethereum ETF Approval, Talks Emerge with Issuers](https://news.shib.io/2024/05/23/lawmakers-ratchet-up-pressure-on-sec-for-ethereum-etf-approval-talks-emerge-with-issuers/): As the May 23rd deadline for a decision on Ethereum ETFs looms, pressure is mounting on the U.S. Securities and Exchange Commission (SEC) from both lawmakers and the industry. This comes after a period of uncertainty, with many issuers – including those behind the recently approved Bitcoin ETFs – expressing doubt about their Ethereum counterparts receiving the green light. Congressman Tom Emmer (R-MN), a vocal advocate for cryptocurrency, led a bipartisan group of lawmakers in a letter urging the SEC to approve Ethereum ETFs. The letter highlights the growing institutional interest in Ethereum, the second-largest cryptocurrency, and argues that an - [Fed Survey Reveals Decline in Crypto Use Among US Adults to 7%](https://news.shib.io/2024/05/23/fed-survey-reveals-decline-in-crypto-use-among-us-adults-to-7/): A recent annual household survey conducted by the Federal Reserve System revealed the number of United States adults reporting crypto ownership or usage dropped to approximately 18 million in 2023. This decline represents a significant shift in crypto adoption trends, with only 7% of surveyed U.S. adults reporting crypto use during the 12 months leading up to October 2023. This figure is down from 10% in 2022 and 12% in 2021. The survey revealed that only 1% of adults reported using crypto for payment purposes or to send money. This sharp decline from previous years suggests that people are increasingly - [ShibaSwap's $BONE Gains Traction as Precipitate AI Adopts Token for Payments](https://news.shib.io/2024/05/23/shibaswaps-bone-gains-traction-as-precipitate-ai-adopts-token-for-payments/): $BONE, the governance token of the decentralized exchange (DEX) ShibaSwap, has seen an expansion in its use cases with its recent integration into Precipitate AI. This integration allows users to pay for Precipitate AI’s services using $BONE, offering greater flexibility and potentially boosting demand for the token, the company said via a tweet on Wednesday.  Precipitate AI is a leading provider of artificial intelligence (AI) solutions for businesses. The company offers a range of services, including data analysis, machine learning model development, and natural language processing. By integrating $BONE as a payment option, Precipitate AI opens its doors to a - [SOL ETF Next? Industry Experts Burst Solana Bubble](https://news.shib.io/2024/05/23/sol-etf-next-industry-experts-burst-solana-bubble/): Industry experts, in a sobering reality check for cryptocurrency enthusiasts, have punctured the ballooning hype around a potential Solana exchange-traded fund (SOL ETF), cautioning investors against premature excitement. As the crypto community grapples with the complexities of regulatory approval and as regulatory scrutiny intensifies and legal challenges loom, the buoyant optimism for Solana’s breakthrough into the ETF sphere now faces a sharp deflation, with industry experts warning of the rocky road ahead by presenting a stark reality check. Market Anticipation and Speculation The cryptocurrency sector has been teeming with anticipation as discussions on CNBC have ignited speculation about the approval - [A Bold New Shib](https://news.shib.io/2024/05/23/a-bold-new-shib/): Read the latest edition of The Shib magazine here. - [Bullish: House Backs Fit21 Bill with Robust Majority, Signaling Confidence in Crypto’s Future](https://news.shib.io/2024/05/22/bullish-house-backs-fit21-bill-with-robust-majority-signaling-confidence-in-cryptos-future/): The U.S. House of Representatives, in a landmark decision that underscores the growing acceptance of digital currencies, has passed the eagerly awaited Fit21 Crypto Bill with a robust bipartisan majority of 279 to 136. This decisive move not only marks a significant milestone for the cryptocurrency industry but also signals a bullish outlook for the future of decentralized finance.  The bill’s passage is seen as a vote of confidence from lawmakers, reflecting a shared vision of fostering innovation and stability in the growing crypto market. Historic Achievement: FIT21 The Financial Innovation and Technology for the 21st Century Act (FIT21) marks - [Tech Giants and Crypto Platforms Join Forces in 'Tech Against Scams' Coalition](https://news.shib.io/2024/05/22/tech-giants-and-crypto-platforms-join-forces-in-tech-against-scams-coalition/): In a bold move to combat the rising tide of online fraud, a coalition named “Tech Against Scams” was announced Wednesday, uniting major players across social media, dating apps, financial institutions, and cryptocurrency platforms. The coalition aims to tackle and prevent the growing threat of online scams that target consumers globally. The coalition’s founding members include Coinbase, Match Group (parent company of Tinder and Hinge), Meta, Kraken, Ripple, Gemini, and the Global Anti-Scam Organization. “Tech Against Scams” will function as a central hub where these tech giants can collaborate, sharing best practices and threat intelligence to protect consumers and disrupt evolving - [Shibarium Tech Moderator Bullish on LEASH: Will It Break ATH?](https://news.shib.io/2024/05/22/shibarium-tech-moderator-bullish-on-leash-will-it-break-ath/): Shibarium Tech moderator SpecialK sent a wave of excitement through the Shiba Inu ($SHIB) community with a recent tweet outlining 10 reasons why they “will never sell my $LEASH before ATH.” The tweet highlighted LEASH’s potential within the Shiba Inu ecosystem, sparking discussions about future price movements. LEASH, a limited-supply ERC-20 token, currently serves multiple purposes within the Shiba Inu ecosystem. Its primary function is rewarding ShibaSwap liquidity providers, incentivizing them to keep their funds locked in the platform’s pools. This fosters a healthy level of liquidity, crucial for smooth transactions. SpecialK emphasizes LEASH’s low token supply as a key driver - [UK Approves Bitcoin and Ethereum ETFs for London Stock Exchange Listing](https://news.shib.io/2024/05/22/uk-approves-bitcoin-and-ethereum-etfs-for-london-stock-exchange-listing/): In a landmark move, the United Kingdom’s Financial Conduct Authority (FCA) has approved the listing of Bitcoin (BTC) and Ethereum (ETH) exchange-traded products (ETPs) on the London Stock Exchange (LSE). This approval, granted to asset manager WisdomTree, signals a significant shift in the regulatory landscape for cryptocurrencies in the U.K. Asset manager WisdomTree, headquartered in New York and managing over $111 billion globally, is set to debut its Physical Bitcoin (BTCW) and Physical Ethereum (ETHW) ETPs on the LSE. Trading is expected to commence on May 28, targeting professional investors exclusively. These ETPs will carry a management fee of 35 - [Shiba Inu Now Available for Trading on the British Virgin Islands Exchange Backpack](https://news.shib.io/2024/05/22/shiba-inu-now-available-for-trading-on-the-british-virgin-islands-exchange-backpack/): Backpack Exchange, a crypto platform operating under the regulatory framework of the British Virgin Islands, has launched Shiba Inu (SHIB) trading. The announcement came via a tweet Monday, revealing that trading for the popular canine-themed token is now live. Backpack paired Shiba Inu against Circle’s stablecoin (USDC), allowing users to trade SHIB with confidence. The trading commenced at 10:00 AM (UTC) on May 20,  marking a milestone for the SHIB community. Launched in 2023, Backpack is a next-generation exchange that caters to crypto enthusiasts worldwide. It enables users to buy and sell various crypto assets, including Bitcoin (BTC), Ether (ETH), and - [Ethereum ETF Frenzy: Fin Firms Rush to Submit Amended Proposals, Drop Staking Language](https://news.shib.io/2024/05/22/ethereum-etf-frenzy-fin-firms-rush-to-submit-amended-proposals-drop-staking-language/): Financial giants Fidelity, VanEck, Invesco/Galaxy, Ark/21Shares, and Franklin Templeton, in an electrifying rush, have swiftly submitted their amended proposals for Ethereum ETFs within a tight 25-minute window. These proposals, delivered via the Chicago Board Options Exchange (CBOE), mark a critical shift by removing staking language, underscoring a unified and strategic effort to align with regulatory demands and expedite the potential approval of these eagerly awaited investment vehicles. In a significant update on the much-anticipated development of spot Ethereum exchange-traded funds (ETFs), Bloomberg Intelligence ETF analyst James Seyffart hinted that these crypto investment vehicles might finally be “happening.” Seyffart noted that - [Trump Breaks New Ground: First Major Candidate to Accept Shiba Inu and Other Cryptocurrency Donations](https://news.shib.io/2024/05/22/trump-breaks-new-ground-first-major-candidate-to-accept-shiba-inu-and-other-cryptocurrency-donations/): Donald Trump has made history as the first major party U.S. presidential candidate to accept campaign donations in various cryptocurrencies, including Shiba Inu. This unprecedented move marks a significant development in political fundraising, showcasing the growing integration of digital assets in mainstream politics, setting a new precedent in political fundraising. Trump’s presidential campaign on Tuesday announced it will start accepting crypto donations, making good on the presumptive Republican nominee’s pledge to become the first major party candidate to embrace Bitcoin, Ether, Shiba Inu and other cryptocurrencies.  “Demonstrating President Trump’s success as a champion of American freedom and innovation, we proudly - [Crypto Portfolios Justin Bieber, Paris Hilton, and Trump Revealed](https://news.shib.io/2024/05/21/crypto-portfolios-justin-bieber-paris-hilton-and-trump-revealed/): A leading data analytics firm recently revealed the crypto portfolios of several high-profile figures, shedding light on their digital investment strategies. Among those disclosed by Arkham Intelligence are pop icon Justin Bieber, Paris Hilton, and former U.S. President Donald Trump. Here’s a closer look at their intriguing digital investments. Justin Bieber: ApeCoin Enthusiast Global music sensation Justin Bieber has a notable crypto net worth of $572,492. His primary holding is Ethereum (ETH), valued at approximately $536,080. Bieber’s investment portfolio also includes various altcoins such as ApeCoin (APE) and Dione (DIONE). Notably, his DIONE tokens originated from an address labeled “an - [Shiba Inu Eyes Massive Jump After Bull Flag Breakout, Analyst Predicts 3X Gains](https://news.shib.io/2024/05/21/shiba-inu-eyes-massive-jump-after-bull-flag-breakout-analyst-predicts-3x-gains/): Shiba Inu (SHIB), the popular dog-themed altcoin, has garnered attention from crypto analyst Javon Marks who sees a potential price upswing on the horizon.  Marks, citing a chart, identified a “bull flag” formation for SHIB and suggested this could be the catalyst for a significant price increase. Bull Flag Breakout: Continuation Signal? A Bull Flag is a continuation pattern that often emerges after a strong price surge. It’s characterized by a period of consolidation, typically represented by a price movement constrained within a trading channel with upward-sloping trendlines. A breakout from this channel signifies a potential continuation of the uptrend - [K9 Token to be Listed on CoinW: A Milestone for Shibarium Ecosystem](https://news.shib.io/2024/05/21/k9-token-to-be-listed-on-coinw-a-milestone-for-shibarium-ecosystem/): The Shiba Inu community is buzzing with excitement as CoinW, a prominent cryptocurrency exchange, announced on X that it will soon list the KNINE token. The introduction of the KNINE/USDT trading pair on CoinW is expected to provide significant liquidity and enhance the token’s accessibility to a broader audience. K9 Finance is a liquid staking derivative (LSD) platform specifically designed for the Shibarium blockchain. As a key player in the Shibarium ecosystem, K9 Finance enhances decentralized finance (DeFi) functionalities by allowing users to stake their assets and earn rewards. It stands out as an official Shibarium validator, distributing $BONE tokens - [Blockchain Integration Ahead? Potential US Buyer Unveils Plan For Decentralized TikTok](https://news.shib.io/2024/05/20/blockchain-integration-ahead-potential-us-buyer-unveils-plan-for-decentralized-tiktok/): A potential American buyer, in a groundbreaking move set to disrupt the traditional dynamics of social media ownership,  has unveiled plans for a decentralized approach to acquiring TikTok, with possible blockchain integration at the forefront. Led by billionaire entrepreneur Frank McCourt, this ambitious initiative aims to democratize ownership of the popular video-sharing platform, empowering users and communities to become stakeholders in its future. With cryptocurrency poised to play a pivotal role in this innovative endeavor, the proposal signals a bold step toward reshaping the landscape of digital ownership and user empowerment in the era of Web 3.0. With over 170 - [Shiba Inu Burn Rate Skyrockets, Surging by Triple-Digits](https://news.shib.io/2024/05/20/shiba-inu-burn-rate-skyrockets-surging-by-triple-digits/): The burn rate of Shiba Inu (SHIB) tokens has experienced an unprecedented surge, skyrocketing by triple-digit percentages in a short span of time. This exponential rise in token burning activity within the SHIB community has sent shockwaves through the cryptocurrency landscape, reshaping market dynamics and igniting fervent speculation among investors.  In a recent update on X (formerly Twitter), SHIB OG and X user @EdwardSalomons shed light on a remarkable development within the SHIB community. Over the last 24 hours, an astounding 6,954,019 SHIB tokens have been consigned to flames, signaling a notable surge in burning activity. This trend gains even - [Bitcoin Surges as Investors Flock to BTC Spot ETFs Amid SEC's Impending Ethereum ETF Decision](https://news.shib.io/2024/05/20/bitcoin-surges-as-investors-flock-to-btc-spot-etfs-amid-secs-impending-ethereum-etf-decision/): Bitcoin experienced a notable surge, closing last week with a 7.8% gain as high inflows into BTC Spot ETFs bolstered investor sentiment. The cryptocurrency market witnessed steady price action throughout the week, with Bitcoin’s price reaching approximately $66,300 by the week’s end.  Bitcoin, the world’s largest crypto asset by market capitalization, closed the week on a positive note as it recorded a nearly 8% increase in value and continued to trade over the weekend to as high as $67,000.  This surge came amid a resurgence in demand for BTC Spot ETFs, with approximately $950 million in net inflows recorded last - [Grayscale Appoints New CEO Amid Leadership Changes in Crypto Investment Landscape](https://news.shib.io/2024/05/20/grayscale-appoints-new-ceo-amid-leadership-changes-in-crypto-investment-landscape/): Michael Sonnenshein, the CEO of Grayscale Investments, in a significant leadership transition and a  dynamic shift reflective of the evolving landscape of cryptocurrency investment, has announced his resignation, effective August 15. Sonnenshein’s departure comes after a decade at the helm of Grayscale, during which time he played a pivotal role in shaping the company’s growth and pioneering the introduction of spot Bitcoin ETFs to the market. This week started with the interesting news about the departure of Grayscale Investments CEO Sonnenshein and the appointment of his replacement, which followed Vanguard’s announcement of changes in its leadership. Greyscale’s departing CEO expressed - [Wen BONE? Binance Signals Listing Initiative Via Latest Announcement](https://news.shib.io/2024/05/20/wen-bone-binance-signals-listing-initiative-via-latest-announcement/): Binance’s latest call for project applications, a move that has set tongues wagging across the cryptocurrency community, has sparked fervent speculation about the potential listing of BONE, the official gas token of Shiba Inu’s later-2 scalability solution Shibarium. As eager investors await official confirmation, the announcement signals a promising step forward in Binance’s efforts to diversify its token offerings and foster a more inclusive market environment. Binance, one of the world’s leading cryptocurrency exchanges by trading volume, issued a call for project applications in a bid to expand its token offerings and promote a more diverse market ecosystem. The announcement, released - [Vitalik Buterin Identifies Challenges to Ethereum’s Decentralization](https://news.shib.io/2024/05/20/vitalik-buterin-identifies-challenges-to-ethereums-decentralization/): Ethereum co-founder Vitalik Buterin has delved into critical issues surrounding the decentralization of the Ethereum network. These are concerns widely shared within the crypto community, which seem to have prompted Buterin to propose potential solutions in a recent blog post. One of the primary challenges Buterin identifies is the Miner Extractable Value (MEV). MEV refers to the financial gain that sophisticated node operators can achieve by reordering transactions within a block. Buterin suggests two approaches to tackle this issue: “minimization” and “quarantine.” Minimization focuses on reducing MEV through intelligent protocol design, while quarantine aims to eliminate MEV through in-protocol techniques. - [Bitcoin Network Sees Sharp Decline in New Wallet Addresses: What's Behind the Drop?](https://news.shib.io/2024/05/20/bitcoin-network-sees-sharp-decline-in-new-wallet-addresses-whats-behind-the-drop/): The Bitcoin network recently experienced a significant downturn in the number of new wallet addresses, hitting its lowest point since 2018. This decline is noteworthy, especially considering the cryptocurrency’s recent bullish run and the excitement surrounding Bitcoin exchange-traded funds (ETFs) and other ecosystem developments just six months ago. In the last week, the average number of new Bitcoin addresses added daily fell to 275,000, a stark contrast to the 625,000 new addresses recorded six months prior. This period of heightened activity was fueled by the anticipation of spot Bitcoin ETFs, and the then-upcoming Bitcoin halving event. These factors had collectively - [Amoré Orthodontic Aligners Embraces Cryptocurrency, Accepts SHIB Payments](https://news.shib.io/2024/05/20/amore-orthodontic-aligners-embraces-cryptocurrency-accepts-shib-payments/): Amoré Orthodontic Aligners, a leading orthodontic care provider in the United States, has announced it will now accept Shiba Inu (SHIB) as a payment method for its teleorthodontic services. This strategic move underscores the increasing integration of cryptocurrencies in everyday transactions. “Leveraging innovative blockchain tech like $SHIB & #Shibarium aligns with our ethos of improving access to quality USA Board Certified Orthodontist for everyone, globally,” Amoré Orthodontic Aligners said in an X post. Amoré Orthodontic Aligners offers teleorthodontic treatment, a type of remote aligner therapy, using clear aligners designed for individual patients. Renowned for its affordable and comprehensive treatment plans - [Shiba Inu Issues Urgent Warning on SHIB Airdrop Scams](https://news.shib.io/2024/05/20/shiba-inu-issues-urgent-warning-on-shib-airdrop-scams/): The Shiba Inu community has been placed on high alert due to a surge in scam attempts targeting investors. The official Shiba Inu Twitter account recently issued a critical warning, clarifying that no officially sanctioned SHIB airdrops are currently being conducted.  It said that any unsolicited offers of SHIB airdrops are scams intended to steal cryptocurrency from unsuspecting individuals. Scammers are employing a variety of deceptive methods to exploit Shiba Inu community members. A common scam involves promoting fake airdrops that require users to click on phishing links and connect their wallets to malicious platforms. This tactic allows scammers to - [The Weekly Meme Digest - May 18, 2024](https://news.shib.io/2024/05/18/the-weekly-meme-digest-may-19-2024/): This Weekly Meme Digest edition is brought to you by ShibaSwap, Shiba Inu’s very own decentralized crypto exchange (DEX) platform, now turbocharged via Shibarium integration! 🚀🐕‍🦺 Because why just swap when you can ShibaSwap your way to the moon? 🌕✨ Hey there, Shibizens and crypto enthusiasts! 🐕‍🦺✨ Welcome to your Weekly Meme Digest, where we bring you the top 5 biggest crypto stories of the week, served with a side of humor and a sprinkle of memes! Our jokes are sharper than Bitcoin’s volatility, and our insights are smoother than a Shiba Inu’s fur! 🚀🎉 Did you catch our previous - [Doland Tremp, Pepe Trump, Maga VP … Meme Coins Dance With Trump Under the Arclights](https://news.shib.io/2024/05/18/doland-tremp-pepe-trump-maga-vp-meme-coins-dance-with-trump-under-the-arclights/): Get ready to laugh, gasp, and maybe even spit out your coffee, because we’re diving into the wacky world of Donald Trump—a fame magnet with a gravitational pull stronger than a black hole! 🌟💥 Trump, the real-estate mogul from New York who bulldozed his way through Washington’s political elite, is back at it again. Love him or hate him, you can’t ignore him! Whether he’s your worst nightmare or your ultimate hero, depends on who you ask! 🤯🎭 This mercurial maverick changes his mind faster than Bitcoin’s price on a Monday morning. Once a crypto-skeptic as president, now he’s hawking - [Dolce & Gabbana's NFT Catwalk Catastrophe: Digital Couture Crashes in the Metaverse](https://news.shib.io/2024/05/18/dolce-gabbanas-nft-catwalk-catastrophe-digital-couture-crashes-in-the-metaverse/): 🚨 When Dolce & Gabbana shimmied into the metaverse, little did it know it was walking right into a digital disaster! 🌐💥 The Italian luxury fashion house recently launched a collection of NFTs on Ethereum, promising buyers a tantalizing blend of “digital, physical, and experiential benefits.” But what followed was a sartorial saga worthy of a runway show. 💃🕺 The Bungled Delivery: A Fashion Faux Pas Imagine spending $6,000 on NFTs that come with virtual outfits, only to find out they’re about as useful as a sequined swimsuit in a snowstorm. ❄️👙 That’s precisely what happened to Luke Brown, a - [From Brainiacs to Blockchain Bandits: MIT Grads Swipe $25M in 12-Second Crypto Heist](https://news.shib.io/2024/05/18/from-brainiacs-to-blockchain-bandits-mit-grads-swipe-25m-in-12-second-crypto-heist/): 🚨 In a plot that reads like a Hollywood thriller 🎬, two brothers with razor-sharp minds allegedly swiped $25 million in cryptocurrency faster than you can say “blockchain.” 💸🔗 Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28, both MIT alumni 🎓, stand accused of wire fraud and money laundering. Their weapon? Not guns or safecracking skills, but a sophisticated crypto exploit executed in a mere 12 seconds. ⏱️💻 The brothers, fueled by caffeine and code ☕💻, hatched their plan over late-night pizza 🍕. Armed with their MIT-honed skills, they infiltrated Ethereum’s transaction validation process. Their method? A cunning maneuver they dubbed - [Charting New Horizons: Ramji Takes the Helm at Vanguard, Crypto Seas Await!](https://news.shib.io/2024/05/18/charting-new-horizons-ramji-takes-the-helm-at-vanguard-crypto-seas-await/): Today, we’re ditching the safe harbor of conventionality and setting sail on the good ship Vanguard! Rumors of Bitcoin ETFs are swirling like gold doubloons in a pirate’s dream! 🏴‍☠️💸 With Salim “Crypto Captain” Ramji at the helm, will Vanguard chart a course for crypto riches or hit the rocks of traditionalism? Let’s splice the mainbrace and dive into this comedic odyssey through the choppy seas of finance! For eons, Tim “The Traditionalist” Buckley kept Vanguard’s ship safe from the crypto kraken. But now, with Salim “Crypto Crusader” Ramji as the new captain, the shipmates are abuzz with speculation! Will - [GameStop Frenzy 2.0: The Meme Stock Rollercoaster Returns 🎢](https://news.shib.io/2024/05/18/gamestop-frenzy-2-0-the-meme-stock-rollercoaster-returns-%f0%9f%8e%a2/): GameStop is back in the spotlight 🎮📈, and it’s a wild ride once again! Thanks to Keith Gill, aka “Roaring Kitty” 🐱, and his bullish posts, the meme stock frenzy has returned, sending shares skyrocketing. The stock saw its highest trading volume in three years 📊, and everyone is buzzing. But hold on – there’s a twist! GameStop announced it’s selling up to 45 million shares 💸, taking advantage of the hype. This decision caused the stock to slump 26% 📉 on Friday. Paul Nolte, a senior wealth adviser, explained that if your stock is up four- or five-fold in - [K9 Finance Founder Explores 'What's in a Name' Behind 'Bone Crusher' in Latest Crypto Revelation](https://news.shib.io/2024/05/17/k9-finance-founder-explores-whats-in-a-name-behind-bone-crusher-in-latest-crypto-revelation/): Buzz, the pseudonymous founder of K9 Finance, in an interesting delve into the intricacies of crypto nomenclature, embarks on an exploration of the symbolic depths behind the moniker ‘Bone Crusher’ in a recent crypto revelation. This unveiling seeks to unravel the layers of meaning and significance embedded within the name, shedding light on the ethos and mission driving K9 Finance’s latest venture.  Bone Crusher is the flagship product of K9 Finance, representing a revolutionary mobile liquid staking application. As the official liquid staking derivative platform of Shibarium, K9 Finance introduces Bone Crusher as a cutting-edge tool designed to empower users in - [Elon Musk's AI Grok Discusses Shiba Inu's ShibaSwap and Highlights Its Game-Changing New Features](https://news.shib.io/2024/05/17/elon-musks-ai-grok-discusses-shiba-inus-shibaswap-and-highlights-its-game-changing-new-features/): Elon Musk’s advanced AI, Grok, has recently turned its attention to Shiba Inu’s decentralized exchange, ShibaSwap, spotlighting its game-changing new features. Triggered by a prompt from Shiba Inu’s marketing lead, Grok provided a detailed analysis, highlighting enhancements such as improved security protocols, increased transaction speeds, and a user-friendly interface, which are poised to revolutionize the decentralized finance (DeFi) landscape. The cryptocurrency community, particularly the Shib Army, was electrified by the announcement from the Shiba Inu development team, amplified by its official digital magazine, The Shib. ShibaSwap, the ecosystem’s decentralized exchange platform, has officially integrated with Shibarium, the layer-2 scalability solution - [Precipitate AI to Add BONE or LEASH as Protocol Payment Currency](https://news.shib.io/2024/05/17/precipitate-ai-to-add-bone-or-leash-as-protocol-payment-currency/): In an exciting development for the Shib community, Precipitate AI has announced plans to incorporate either $BONE or $LEASH as a protocol payment currency. This move follows the successful integration of Shibarium Validators into the Precipitate Protocol, which went live Thursday, allowing users to launch validators on the Shibarium blockchain without the need for hardware or maintenance. The announcement came in response to a query from Ringoshi Tōitsu, a WOOF supporter on X (formerly Twitter), who expressed interest in using $BONE or $LEASH for setting up Shibarium Validators. Precipitate AI quickly confirmed this interest with a repost, stating, “To support - [K9 Finance Founder Explains Shibarium's Absence from CoinGecko and K9 DAO's Plan to Boost Visibility](https://news.shib.io/2024/05/17/k9-finance-founder-explains-shibariums-absence-from-coingecko-and-k9-daos-plan-to-boost-visibility/): In a recent statement, K9 Finance’s pseudonymous founder Buzz revealed why Shibarium, the layer-2 scalability solution of Shiba Inu, is missing from CoinGecko’s listings and detailed K9 DAO’s strategy to enhance its visibility. Buzz emphasized the need to increase Shibarium’s total value locked (TVL) to ensure its inclusion on key aggregation lists, thereby attracting more buyers, users, and developers to the growing platform. In a recent post on X (formerly Twitter), K9 Finance DAO highlighted the reasons behind Shibarium’s omission from CoinGecko’s list, despite its impressive performance metrics. The DAO noted that Shibarium boasts over 200 Transactions Per Second (TPS), which - [Sen. Lummis Dons Bitcoin Laser-Eyes After Historic Senate Vote on Crypto Custody](https://news.shib.io/2024/05/17/sen-lummis-dons-bitcoin-laser-eyes-after-historic-senate-vote-on-crypto-custody/): In a historic moment for the cryptocurrency landscape, Sen. Cynthia Lummis (R-WY) made a bold statement on social media platform X (formerly Twitter), sharing her picture featuring Bitcoin laser eyes. This came in celebration of the senate’s decision to disapprove the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) 121, which aimed to prevent regulated financial institutions from custodying Bitcoin and other crypto assets—a move strongly opposed by the crypto-friendly senator. Celebration on Social Media Sen. Lummis, known for her advocacy of digital currencies, shared a photo showing her donning the now-iconic Bitcoin laser eyes meme and tweeted, “We’re - [Ex-Goldman Sachs Exec Raoul Pal Reveals Critical Tips on Timing Your Crypto Exit in Latest Podcast](https://news.shib.io/2024/05/17/ex-goldman-sachs-exec-raoul-pal-reveals-critical-tips-on-timing-your-crypto-exit-in-latest-podcast/): Timing your exit can be as crucial as choosing the right entry point in the crypto world. Former Goldman Sachs executive Raoul Pal, now a prominent figure in the crypto space, shares valuable insights on when to sell your digital assets in a recent YouTube podcast. Understanding the Basics of Trading Exit Strategies An exit strategy refers to a trader’s plan on how and when to sell their holdings. It’s a roadmap designed to protect profits and minimize potential losses. Given the unpredictable nature of the crypto market, having a clear exit strategy helps traders remain objective, reducing the influence - [From Meme to Movement: SHIB Gains Traction With VIP Converts](https://news.shib.io/2024/05/17/from-meme-to-movement-shib-gains-traction-with-vip-converts/): Shiba Inu (SHIB) has long faced skepticism within the cryptocurrency community. Dismissed as a mere meme coin, SHIB’s early days were marked by derision from established figures.  However, recent developments suggest a shift in perception, with some prominent voices acknowledging SHIB’s potential beyond its meme-inspired origins. A prime example is Vitalik Buterin, the co-founder of Ethereum. Buterin, who initially underestimated SHIB, now admits it’s exceeded even his wildest expectations. With time he became increasingly involved with the project.  He donated a significant portion of his SHIB holdings to a COVID-19 relief fund in India, demonstrating a newfound belief in the - [Welly's Horizon Expands: SHIB-Powered NFTs Transform the Culinary Landscape](https://news.shib.io/2024/05/17/wellys-horizon-expands-shib-powered-nfts-transform-the-culinary-landscape/): SHIB, the pioneering ecosystem of cryptocurrency, has unveiled an exciting refresh of the Welly Friends NFT Collection. This innovative series of NFTs not only celebrates the artistry of digital creativity but also supports a beloved Italian restaurant and catering enterprise. Shytoshi Kusama, the lead developer of Shiba Inu, expressed enthusiasm for this groundbreaking fusion of food-based blockchain innovation and NFT art. “Welly is an innovative approach to marrying blockchain technology with culinary excellence,” Kusama commented. “The Welly Friends NFT Collection offers a unique and engaging way to interact with NFTs, coupled with a partnership with a real brick-and-mortar business—one of - [Mastercard Selects Five Global Startups to Push Blockchain Innovation in Payments](https://news.shib.io/2024/05/16/mastercard-selects-five-global-startups-to-push-blockchain-innovation-in-payments/): Mastercard, a leading payments services corporation, continues to expand its engagement with Web3 technologies by onboarding five new startups to its Start Path program. The initiative, focused on fostering innovation, aims to explore the potential of blockchain for developing scalable payment solutions within the global digital commerce landscape. “Today, Mastercard is introducing five startups from around the world to its Start Path Blockchain and Digital Assets program to drive best-in-class user experiences and expand use cases that demonstrate the power of blockchain technology,” a press release states. The newly selected startups hail from various regions and bring diverse areas of expertise to - [Crypto Market Rate BONE Confidence ‘HIGH’ Amid ShibaSwap's Shibarium Integration](https://news.shib.io/2024/05/16/crypto-market-rate-bone-confidence-high-amid-shibaswaps-shibarium-integration/): Bone ShibaSwap (BONE) has been experiencing a surge in confidence within the crypto market. According to CoinMarketCap data, BONE currently boasts a liquidity score of an impressive 524. This metric reflects the ease with which an asset can be bought or sold without significant price swings. A high liquidity score, like BONE’s, indicates a healthy market with ample trading volume, which is a major confidence booster for investors. Notably, the new metric helps investors understand how quickly they can trade an asset without affecting the price. A new score guides investors on how easily they can buy or sell an - [Digital Assets Space Pioneer Issues Stark Warning Against Surveillance, Control in Finance Following NYC Mayor's Remarks](https://news.shib.io/2024/05/16/digital-assets-space-pioneer-issues-stark-warning-against-surveillance-control-in-finance-following-nyc-mayors-remarks/): Gabor Gurbacs, a luminary in the digital assets space, has ignited debate with his stark warnings about the dangers posed by pervasive surveillance and censorship. Amid his cautionary tales, the executive also sheds light on the glaring disparity in institutional support for Bitcoin, revealing a stark contrast between professed endorsement and genuine belief in the revolutionary potential of the cryptocurrency. In a series of pointed tweets, Gurbacs, the renowned digital asset strategist at VanEck and Tether, sounded the alarm on the pervasive surveillance and control mechanisms embedded within credit card networks and central bank digital currencies (CBDCs). The catalyst for - [Wisconsin Makes Groundbreaking $100 Million Bitcoin Investment](https://news.shib.io/2024/05/16/wisconsin-makes-groundbreaking-100-million-bitcoin-investment/): The State of Wisconsin has taken a bold step into the cryptocurrency market, revealing its purchase of nearly $100 million worth of BlackRock’s iShares Bitcoin Trust (IBIT) in the first quarter of this year, as per a recent filing. The move places Wisconsin at the forefront as the first state to publicly disclose its Bitcoin holdings. The State of Wisconsin Investment Board (SWIB) orchestrated the acquisition of 94,562 shares of BlackRock’s IBIT, representing a substantial investment in the Bitcoin market. With a combined value nearing $100 million, this investment underscores Wisconsin’s confidence in the digital asset. Additionally, SWIB diversified its - [Double-Digit Surge: BONE Skyrockets Post Successful ShibaSwap Shibarium Integration ](https://news.shib.io/2024/05/16/double-digit-surge-bone-skyrockets-post-successful-shibaswap-shibarium-integration/): Bone ShibaSwap (BONE), the governance token of Shiba Inu’s decentralized crypto exchange platform and the official gas token of Shibarium, the project’s layer-2 scalability solution, experienced a double-digit surge in its value following the successful porting of ShibaSwap on Shibarium. A Milestone Announcement On Wednesday, the Shiba Inu development team made a significant announcement, revealing that its decentralized crypto exchange platform, ShibaSwap, has finally come home to Shibarium. This move marks a pivotal moment for the platform, as it now operates as a multi-chain DEX on both the Ethereum network and the Shibarium blockchain. Importantly, this integration serves to enhance - [ShibaSwap's Shibarium Integration Ignites 200% Surge in Transactions, Pushes Up SHIB](https://news.shib.io/2024/05/16/shibarium-integration-ignites-200-surge-in-transactions-pushes-up-shib/): The integration of ShibaSwap, the official decentralized exchange (DEX) of the Shiba Inu community, to Shibarium Layer-2 protocol has led to a remarkable spike in transactions, which have seen a staggering 3-fold increase within 24 hours of the highly anticipated event. Transactions on Shibarium rose 200% from the average of 6,000 per day to 18,000 in the last 24 hours. The integration has not only boosted transaction volumes but also had a positive impact on the price of the SHIB token. Over the past 24 hours, the price of SHIB has surged by an impressive 8.87%, from $0.00002366 to $0.00002576, - [Shytoshi Kusama Exudes Pride and Gratitude Over ShibaSwap's Progress, Teases Exciting Developments Ahead](https://news.shib.io/2024/05/16/shytoshi-kusama-exudes-pride-and-gratitude-over-shibaswaps-progress-teases-exciting-developments-ahead/): Shytoshi Kusama, the lead developer and the visionary mind behind the meteoric rise of Shiba Inu after the keys were handed to him by Ryoshi, the crypto project’s pseudonymous creator, is beaming with pride and gratitude as the project’s very own decentralized crypto exchange platform Shibaswap continues its remarkable journey of advancement. Kusama also tantalizingly hinted at the thrilling prospects that lie ahead, promising a future brimming with innovation and transformative developments.  The historic porting of ShibaSwap on Shiba Inu’s layer-2 scalability solution Shibarium, was warmly received by the community, as the project’s own decentralized crypto exchange platform is finally - [Shiba Inu Ports ShibaSwap, Gives Freshly Forked Shibarium A 'Redesigned Beating Heart'](https://news.shib.io/2024/05/16/shiba-inu-ports-shibaswap-gives-freshly-forked-shibarium-a-redesigned-beating-heart/): The Shiba Inu development team has unveiled the “redesigned beating heart” of the freshly forked Shibarium network: ShibaSwap. This pivotal upgrade promises to transform the decentralized exchange (DEX), enhancing its functionality and user experience. As the Shib Army rallies behind this innovative development, ShibaSwap is set to redefine the landscape of decentralized finance (DeFi), solidifying its role as a crucial hub within the Shiba Inu ecosystem. The latest groundbreaking development allows ShibaSwap, the decentralized cryptocurrency exchange (DEX) platform of Shiba Inu, to be available on both the Ethereum network and the Shibarium blockchain. Aside from driving innovation into the layer-2 - [Shiba Inu's Lucie Sees Altcoin Season as Prime Opportunity for Shibarium and $SHIB](https://news.shib.io/2024/05/16/shiba-inus-lucie-sees-altcoin-season-as-prime-opportunity-for-shibarium-and-shib/): As the cryptocurrency market experiences the onset of altcoin season, Lucie, a prominent figure within the Shiba Inu community, has highlighted the significant potential this period holds for Shibarium and the broader ShibArmy. Altcoin season, characterized by the outperformance of alternative cryptocurrencies to Bitcoin, presents a golden opportunity for Shibarium tokens, including $SHIB, $SHEB, $BONE, and $LEASH, to thrive, according to Lucie. During altcoin season, there is a notable shift in profits as investors reallocate their funds from Bitcoin to various altcoins, including those within the Shibarium ecosystem. Lucie notes that this redistribution of capital has the potential to drive - [FTX Refund Woes Persist as Creditor Deadline Extended](https://news.shib.io/2024/05/15/ftx-refund-woes-persist-as-creditor-deadline-extended/): FTX Digital Markets has opted to extend the deadline for creditors to submit proof of debt, offering them more time to navigate the claims process. Initially, creditors were mandated to submit their claims by a May 15 deadline, but they now have until the end of July or early August to do so, FTX told its customers and creditors in a letter. This extension grants creditors an additional 10-12 weeks to file claims within the Bahamas procedure. The move recognizes the complexity of gathering the necessary documentation and aims to facilitate a smoother claims submission process. FTX customers face a - [Is Vanguard’s Anti-Bitcoin ETF Stance Over? Hires BlackRock’s Global ETF Head Salim Ramji as CEO](https://news.shib.io/2024/05/15/is-vanguards-anti-bitcoin-etf-stance-over-hires-blackrocks-global-etf-head-salim-ramji-as-ceo/): Vanguard’s long-standing opposition to Bitcoin ETFs could be under review with the appointment of Salim Ramji, former head of BlackRock’s global ETF business, as its new CEO. The move has stirred speculation in the financial community about potential changes in Vanguard’s investment strategies. Ramji’s Background and Vanguard’s Legacy Vanguard’s board of directors announced on Tuesday that Salim Ramji will become the new CEO. Ramji, formerly the global head of ETFs and Index Investments at BlackRock, brings extensive experience in exchange-traded funds. He succeeds Tim Buckley starting July and is the first outsider to lead the firm, renowned for revolutionizing investing - [Shiba Inu Returns as Title Sponsor for Blockchain Futurist Conference, Canada's Largest Web3 Event](https://news.shib.io/2024/05/15/shiba-inu-returns-as-title-sponsor-for-blockchain-futurist-conference-canadas-largest-web3-event/): Shiba Inu is returning as a title sponsor for Canada’s leading Web3 events – the Blockchain Futurist Conference, ETHToronto, and the ETHWomen – slated for August 13-14, 2024, in Toronto. This marks Shiba Inu’s second consecutive year as a top sponsor, highlighting their continued commitment to the Web3 space. The team is offering free tickets to the Shib army including Shib projects, media outlets, influencers (KOLs), community groups, moderators, and fans. Shib Army and crypto fans may also get to hear from Shytoshi Kusama, the pseudonymous lead developer of the Shiba Inu team, virtually at the conference. Notably, the 2023 - [ShibaSwap Comes Home To Shibarium](https://news.shib.io/2024/05/15/exploring-the-latest-shibaswap-update-enter-shibarium/): ShibaSwap, the decentralized exchange (DEX) synonymous with the Shib ecosystem, has unveiled its most ambitious update yet: integration with Shibarium, a layer-2 solution designed to enhance scalability and reduce transaction costs. This development marks a pivotal moment for the Shib community, offering exciting opportunities for users to engage with DeFi in a more efficient and rewarding manner. One of the standout features of the latest ShibaSwap update is its dual-chain functionality. Previously operating solely on Ethereum, ShibaSwap is now expanding to operate on both Ethereum and Shibarium. This strategic move is set to revolutionize the Shib ecosystem by leveraging the - [ShibaSwap Revs Up](https://news.shib.io/2024/05/15/shibaswap-revs-up/): Read the latest edition of The Shib magazine here. - [SEC Considers Ethereum Classification as a Security for Spot ETF Approval](https://news.shib.io/2024/05/15/sec-considers-ethereum-classification-as-a-security-for-spot-etf-approval/): In a recent development within the cryptocurrency space, the U.S. Securities and Exchange Commission (SEC) has raised concerns regarding the classification of Ethereum (ETH) as a security in the context of spot ETF approval. ETF analyst Eric Balchunas highlighted the SEC’s scrutiny of ETH spot ETF filings, questioning whether these proposals have been properly categorized as commodities. Balchunas expressed skepticism about the likelihood of approval for ETH spot ETFs, suggesting that the odds remain slim to none. He commended lawyer Scott Johnsson for uncovering this detail, emphasizing the complexity and depth of legal considerations surrounding the issue. Johnsson underscored the - [Binance Pay Launches Dedicated Page for SHIB Payments: Expanding Opportunities for SHIB Holders](https://news.shib.io/2024/05/15/binance-pay-launches-dedicated-page-for-shib-payments-expanding-opportunities-for-shib-holders/): Binance Pay, the innovative cryptocurrency payment service from Binance, has recently unveiled a dedicated page to facilitate Shiba Inu (SHIB) payments, opening up a realm of new possibilities for SHIB holders. The standalone page aims to streamline the process of accepting SHIB payments, making it easier for businesses and individuals to transact with this popular token. Users can learn more about accepting SHIB via Binance Pay here. Shiba Inu’s integration into Binance Pay underscores the platform’s commitment to expanding the utility of cryptocurrencies in everyday transactions. Binance Pay enables seamless payments with over 80 tokens, including SHIB, offering users a - [Tether Freezes $5.2M USDt Associated with Banned Addresses](https://news.shib.io/2024/05/15/tether-freezes-5-2m-usdt-associated-with-banned-addresses/): Tether, the issuer behind the world’s largest stablecoin, USDt, has frozen approximately $5.2 million in USDt linked to 12 banned addresses. This action, reported by a crypto tracking and compliance account on X (formerly Twitter), highlights Tether’s ongoing efforts to maintain regulatory compliance and enhance security within the cryptocurrency space. On Tuesday, on-chain analytics firm MistTrack reported that Tether had just frozen the USDt across 12 addresses. These addresses are associated with “USDT Banned Address” tags identified by MistTrack. Law Enforcement Collaboration Tether CEO Paolo Ardoino, in a detailed post on X on Monday, explained how the stablecoin issuer blocked - [K9 Finance Announces Major Update, Hailing 'A Win for Decentralized Infrastructure on Shibarium'](https://news.shib.io/2024/05/14/k9-finance-announces-major-update-hailing-a-win-for-decentralized-infrastructure-on-shibarium/): K9 Finance has announced a significant update to its mobile liquid staking app, Bone Crusher, marking a major milestone in the enhancement of decentralized infrastructure on the Shibarium network.  The official X account of K9 Finance DAO announced Tuesday a major development update of its product Bone Crusher. The update, hailed by the team as “A win for decentralized infrastructure on Shibarium” to support Shiba Inu, now has its own administrative panel. K9 Finance revealed a significant product update that enhances the capabilities of its decentralized autonomous organization (DAO). This new administrative panel equips the DAO with the ability to - [What's Behind the ShibaSwap Update Veil? Shibarium Tech Moderator Offers Insights](https://news.shib.io/2024/05/14/whats-behind-the-shibaswap-update-veil-shibarium-tech-moderator-offers-insights/): In a recent tweet, Special, a Shibarium Tech moderator for Discord and Telegram, shed light on the project’s approach to releasing updates, specifically for the upcoming ShibaSwap update, particularly its integration into Shibarium. “In today’s world, premature information spreads quickly and trust is crucial,” Special said in a statement to The Shib Daily. “This is why reliable updates are essential for community safety and confidence.” As outlined in the tweet, the focus is on striking a balance between transparency and safeguarding the project’s future. The tweet outlines four key reasons why Shibarium prioritizes controlled information releases: First, releasing incomplete details can - [Bitcoin Miners Navigate Revenue Challenges Post-Halving Amid Hashrate Decline](https://news.shib.io/2024/05/14/bitcoin-miners-navigate-revenue-challenges-post-halving-amid-hashrate-decline/): In recent weeks, the Bitcoin network has experienced a notable decline in hashrate, reflecting a shift within the mining landscape as operators adapt to changing market dynamics. This decrease is attributed to miners switching off less profitable rigs after the fourth Bitcoin halving. The drop in hashrate, which bottomed out at a two-month low of 575 exahash per second (EH/s) on May 10 before rebounding to around 586 EH/s, according to blockchain.com data, highlights a critical juncture for Bitcoin mining operations. As older, less efficient mining rigs become economically unviable, companies are recalibrating their strategies to optimize profitability amid evolving - [Global Media Platform Highlights Shiba Inu Lead Developer Shytoshi Kusama and K9 Finance](https://news.shib.io/2024/05/14/global-media-platform-highlights-shiba-inu-lead-developer-shytoshi-kusama-and-k9-finance/): Shytoshi Kusama, the pseudonymous lead developer of the Shiba Inu cryptocurrency project and K9 Finance, the liquid staking derivative platform and the official partner of Shiba Inu, have been recently featured in the global media platform Fintech.TV.  This highlights the growing influence and recognition of both Kusama and K9 Finance in the rapidly evolving world of cryptocurrencies and decentralized finance. The short video, which runs for over a minute, initially discussed the crypto industry’s lobbying efforts reaching new heights in 2023 and continuing to gain momentum this year. With Coinbase and the Blockchain Association leading the charge, the sector’s lobbying - [The Crypto-Crime Connection: Unraveling the Complex Web of Illicit Activity in the Crypto World](https://news.shib.io/2024/05/14/the-crypto-crime-connection-unraveling-the-complex-web-of-illicit-activity-in-the-crypto-world/): The intersection of cryptocurrencies and criminal activity has long been a topic of debate and concern. As the crypto market continues to grow, so does the prevalence of illicit behavior within it. But just how big is the crypto-crime connection? Let’s delve into the facts and figures. Estimates of the scale of online crime linked to cryptocurrencies vary significantly. Some sources suggest that less than 1% of crypto activity is associated with illicit behavior, while others claim that up to 46% of transaction volumes are tainted. The truth likely lies somewhere in between. Factors Contributing to Uncertainty Anonymity: Cryptocurrencies thrive - [Shiba Inu Marketing Lead Unveils Essential Guide for Launching Projects on Shibarium](https://news.shib.io/2024/05/14/shiba-inu-marketing-lead-unveils-essential-guide-for-launching-projects-on-shibarium/): The marketing lead of Shiba Inu has unveiled an essential guide designed to assist developers and entrepreneurs in launching their projects on Shibarium, Shiba Inu’s layer-2 blockchain platform. The comprehensive guide covers critical aspects, such as integration processes, security protocols, and community engagement strategies, aiming to ensure seamless project launches and robust community support on Shibarium. Decentralized Nature of Shibarium In a recent post on the social media platform X (formerly Twitter), Shiba Inu marketing lead @LucieSHIB shared encouraging words for current and potential projects on Shibarium. She emphasized Shibarium’s decentralized nature, encouraging developers to build and succeed without seeking - [Ethereum Co-Founder Vitalik Buterin Proposes EIP-7706 to Tackle Rising Gas Fees](https://news.shib.io/2024/05/14/ethereum-co-founder-vitalik-buterin-proposes-eip-7706-to-tackle-rising-gas-fees/): Ethereum co-founder Vitalik Buterin has proposed an Ethereum Improvement Proposal (EIP) to enhance the network’s efficiency and reduce transaction costs. The proposal, known as EIP-7706, focuses on a new type of gas specifically designed for transaction calldata. The Ethereum network has been facing challenges with rising gas fees as its adoption continues to surge. High transaction costs have been a significant hurdle, impacting the network’s scalability and usability. Buterin’s proposal seeks to address this critical issue by introducing innovative solutions. EIP-7706 can introduce a new approach by creating a dedicated gas type for transaction calldata. Calldata encompasses the input data - [K9 Finance DAO Plans Major KNINE Token Burn to Honor Crypto Genius Vitalik Buterin](https://news.shib.io/2024/05/14/k9-finance-dao-plans-major-knine-token-burn-to-honor-crypto-genius-vitalik-buterin/): K9 Finance DAO, a decentralized autonomous organization, and the official liquid staking platform on Shiba Inu’s Shibarium has proposed a significant move to burn 410 million KNINE tokens in a bid to honor Ethereum co-founder and crypto genius Vitalik Buterin, the organization announced Tuesday. Honoring Vitalik  K9 Finance DAO has proposed burning 410 million KNINE tokens from its treasury, specifically from the marketing allocation, to honor Vitalik Buterin’s significant burn of 410 trillion SHIB tokens on May 16. This move aimed to celebrate SHIB’s history and encourage unity among SHIB-related projects. “K9 Finance DAO is proposing as the official liquid - [North Korean Hackers Deploy New Malware 'Durian' To Attack Cryptocurrency Firms](https://news.shib.io/2024/05/14/north-korean-hackers-deploy-new-malware-durian-to-attack-cryptocurrency-firms/): In a recent surge of cyber warfare targeting South Korean cryptocurrency firms, North Korean hackers have unleashed a new strain of malware dubbed “Durian,” designed to infiltrate and compromise the security of these companies. This alarming development comes amid rising concerns over North Korea’s aggressive pursuit of illicit funds through cybercrime. The cybersecurity firm Kaspersky issued a report detailing the deployment of Durian by a North Korean hacking group known as Kimsuky. The attacks leveraged legitimate security software used exclusively by South Korean crypto firms, underscoring the sophistication of the hackers’ tactics. Durian operates as a comprehensive backdoor, enabling the - [The Future of Crypto Regulation: Striking a Balance Between Innovation and Security](https://news.shib.io/2024/05/13/the-future-of-crypto-regulation-striking-a-balance-between-innovation-and-security/): Cryptocurrency regulation is at a critical juncture, with governments worldwide grappling to find the right balance between fostering innovation and ensuring consumer protection. As digital currencies gain prominence, regulatory frameworks are evolving rapidly. Here’s a comprehensive overview of recent developments. International Efforts and Challenges Despite the absence of coordinated global regulation, international bodies like the Financial Stability Board (FSB) have been assessing risks and policy responses to the rise of cryptocurrencies. The lack of uniformity poses challenges, but it also allows for diverse approaches tailored to each country’s context. US Legislative Landscape In 2023, the U.S. made significant strides toward - [Tutti Frutti Women Launches Ebook as NFT on Shibarium](https://news.shib.io/2024/05/13/tutti-frutti-women-launches-ebook-as-nft-on-shibarium/): Tutti Frutti Women (TFW) is set to make waves in the digital realm with the launch of its ebook as an NFT on Shibarium, offering a distinctive fusion of empowerment and philanthropy.  Founded by Andreia, a visionary entrepreneur, TFW aims to inspire and support individuals on their journey to triumph over adversity. In an exclusive interview with The Shib Daily, Andreia shared insights into the decision to embrace the NFT format. “We decided to launch the ebook as an NFT to give a fun, easy, and unique experience to the community,” she explained. “And of course, we did it on - [ShibaSwap’s Integration into Shibarium Marks a Significant Milestone in Decentralized Trading](https://news.shib.io/2024/05/13/shibaswaps-integration-into-shibarium-marks-a-significant-milestone-in-decentralized-trading/): ShibaSwap, a prominent decentralized exchange (DEX) within the Shib ecosystem, is poised to redefine the landscape of decentralized trading by being integrated into Shibarium, Shiba Inu’s layer-2 scaling solution. This strategic move aims to enhance transaction speed, reduce costs, and bolster security, thereby revolutionizing the trading experience for its users. Emphasized via a tweet from Shiba Inu’s marketing lead, the integration of Shibarium brings forth a plethora of benefits for traders. Firstly, Shibarium’s layer 2 technology ensures lightning-fast transaction confirmations, facilitating smoother and more efficient trading activities. Moreover, it significantly slashes transaction costs, bidding farewell to the era of hefty - [Chinese Authorities Crack Down on $300 Million Crypto Fraud Ring](https://news.shib.io/2024/05/13/chinese-authorities-crack-down-on-300-million-crypto-fraud-ring/): Chinese authorities have apprehended six suspects involved in a sophisticated cryptocurrency fraud operation amounting to 2.94 billion yuan, equivalent to approximately $300 million. The suspects were arrested by The Public Security Bureau of Panshi in Jilin province, Northeast China, following an intensive investigation into their illicit activities. The suspects allegedly operated an underground bank that exploited the anonymity and decentralized nature of cryptocurrencies to conduct illegal foreign exchange operations between the Chinese yuan and the South Korean won. This illicit scheme targeted unsuspecting investors, deceiving them during the exchange process and subsequently absconding with their funds. Law enforcement became aware - [Beware: Scammers Target Shiba Inu Marketing Lead, Impersonate X Account in Fraudulent Scheme](https://news.shib.io/2024/05/13/beware-scammers-target-shiba-inu-marketing-lead-impersonate-x-account-in-fraudulent-scheme/): Malicious actors have singled out the marketing lead of Shiba Inu, targeting @LucieSHIB, an X account associated with the project’s executive. Employing deceptive tactics, they pose as integral figures within the crypto community. This alarming scheme not only underscores the pervasive threat posed by such actors but also highlights the vulnerability of individuals central to prominent projects like Shiba Inu within the crypto space. The latest fraudulent scheme was revealed by the X account @susbarium, dedicated to exposing scams and protecting the crypto community. In its latest post, the account warned the community of a fake account impersonating the Shiba - [Kraken Challenges SEC Claims, Warns of Potential Upheaval in US Financial Regulation](https://news.shib.io/2024/05/13/kraken-challenges-sec-claims-warns-of-potential-upheaval-in-us-financial-regulation/): Cryptocurrency exchange Kraken, in a bold legal maneuver, has formally contested the Securities and Exchange Commission’s (SEC) allegations, seeking dismissal to avert what it terms a looming “upheaval” in the framework of U.S. financial regulation. This strategic challenge not only underscores Kraken’s determination to defend its position but also raises significant questions about the future trajectory of cryptocurrency oversight in the United States, signaling a potential watershed moment in the evolving relationship between regulatory authorities and the growing crypto industry. In the latest legal development on the case filed by the SEC against Kraken, the crypto exchange’s legal team mounted - [Tether CEO Rebukes Ripple's Garlinghouse as 'Uninformed CEO' Over Claim of US Government 'Going After' USDT](https://news.shib.io/2024/05/13/tether-ceo-rebukes-ripples-garlinghouse-as-uninformed-ceo-over-claim-of-us-government-going-after-usdt/): In a swift response to Ripple CEO Brad Garlinghouse’s assertion of the U.S. government’s scrutiny toward the world’s largest stablecoin, Tether (USDT), Paolo Ardoino, Tether’s CEO, didn’t hold back. Ardoino sharply rebuked Garlinghouse, labeling him an “uninformed CEO” of a company currently under investigation by the SEC and suggested that Garlinghouse’s remarks were spreading fear about USDT.  In a comprehensive post on the social media platform X (formerly Twitter), Tether’s CEO fired back at Ripple’s CEO’s assertions regarding U.S. government scrutiny of Tether. Ardoino labeled Garlinghouse’s statement as “spreading fear about USDt” and called it “Cui prodest”—a Latin phrase that - [Relentless Shibarium Surge: BONE Transaction Fees See Triple-Digit Increase Following Blockchain Update](https://news.shib.io/2024/05/13/relentless-shibarium-surge-bone-transaction-fees-see-triple-digit-increase-following-blockchain-update/): Shibarium, Shiba Inu’s layer-2 blockchain, witnessed an extraordinary surge in transaction fees, marking a staggering triple-digit increase of 267% within the past 24 hours. According to the latest data from Shibariumscan, there has been a notable spike in gas commissions paid in BONE, the official gas fee token, with transaction fees soaring from 11.57 BONE to a total of 30.98 BONE. This uptick reflects a burgeoning momentum within the Shib community and underscores Shibarium’s pivotal role as a hub of heightened transactional engagement. The unprecedented surge in transaction fees on Shibarium likely reflects a confluence of factors within the Shib - [Shib Army Alert: Beware of Fake KNINE Token Airdrops Circulating Online](https://news.shib.io/2024/05/13/shib-army-alert-beware-of-fake-knine-token-airdrops-circulating-online/): The crypto community, particularly the Shib Army, is being cautioned against engaging with fraudulent KNINE token airdrops currently circulating on Twitter and other online platforms. These deceptive offers, promising free tokens to unsuspecting users, usually aim to phish personal information and compromise digital wallets. As K9 Finance achieves a significant milestone by becoming a validator on Shiba Inu’s layer-2 scalability solution, Shibarium, opportunistic cybercriminals are capitalizing on the occasion. On Sunday, the watchdog X account @susbarium, which plays a critical role in exposing scams and protecting the cryptocurrency community, issued an urgent warning to its followers about a deceitful tactic - [K9 Finance Announces Major Development Update on Shibarium](https://news.shib.io/2024/05/12/k9-finance-announces-major-development-update-on-shibarium/): Following its recent whitelisting on PuppyNet, K9 Finance DAO’s latest announcement stirs anticipation as its validator goes live on the platform. This landmark development signifies a crucial stride in the collaboration between K9 Finance DAO and Shibarium, setting the stage for heightened anticipation and enthusiasm among crypto enthusiasts worldwide. The latest milestone emerged from the official X (formerly Twitter) account of K9 Finance DAO, which announced Sunday the activation of its validator on PuppyNet, Shibarium’s TestNet version. Tangible Benefits of K9 Finance’s Validator Role Becoming a validator on Shibarium presents a host of advantages for K9 Finance. Firstly, it provides - [Shib Army on Alert After Lead Developer's Surprise Visit to Original BONE Telegram Account](https://news.shib.io/2024/05/12/shib-army-on-alert-after-lead-developers-surprise-visit-to-original-bone-telegram-account/): The Shib Army stands vigilant as whispers ripple through the community following a surprise visit by the lead developer to the original BONE Telegram account. The unexpected appearance has ignited speculation among Shib enthusiasts, signaling potential shifts in the project’s trajectory and leaving members all ears Cryptic Posts Stir Community Speculation The Shib Army finds itself in a sense of sharpened anticipation after one of its original members, @Sand_ShibArmy, revealed a surprising development: Shiba Inu’s lead developer Shytoshi Kusama made an unexpected visit to one of the oldest BONE community accounts on Telegram. Following this visit, Kusama’s cryptic messages — - [Shiba Inu: Silver Sponsor at Block World Tour 2024, 20 Tickets Up for Grabs!](https://news.shib.io/2024/05/12/shiba-inu-silver-sponsor-at-block-world-tour-2024-20-tickets-up-for-grabs/): The official Shiba Inu Hispanic account has just unveiled an exclusive giveaway, offering 20 coveted tickets to the upcoming Block World Tour 2024 in Granada, Spain. As a prominent sponsor of one of Europe’s largest blockchain events, Shiba Inu is set to make waves and demonstrate its commitment to advancing the industry.  Tickets Giveaway The official Shiba Inu Hispanic account recently unveiled an exciting opportunity for enthusiasts within the Shiba Inu community. With anticipation building for the Blockworldtour event in Granada, Spain, the account announced its participation and, in a gesture of excitement, revealed plans to distribute 20 exclusive tickets - [Beyond Meme: Shiba Inu Unlocks New Avenues, Can Now be Used for AirBnb, STEAM, More](https://news.shib.io/2024/05/11/beyond-meme-shiba-inu-unlocks-new-avenues-can-now-be-used-for-airbnb-steam-more/): Shiba Inu (SHIB) has transcended its meme coin status to carve out a substantial role in the real-world economy. Supported on both the Polygon and Binance Smart Chain networks, SHIB has been integrated into daily transactions, enabling users to book Airbnb stays, purchase the latest video games from Steam, and indulge in shopping sprees at major retailers like Nike and Zalando. CoinGate Champions Shiba Inu’s Integration CoinGate, a prominent blockchain payment gateway, has been instrumental in this expansion. By facilitating SHIB transactions on the Binance Smart Chain and Polygon networks, CoinGate has significantly broadened the cryptocurrency’s applicability. This development was - [ARK 21SHARES' Latest Move On Spot Ethereum ETF Could Be 'A Hail Mary'](https://news.shib.io/2024/05/11/ark-21shares-latest-move-on-spot-ethereum-etf-could-be-a-hail-mary/): The unfolding events surrounding ARK and 21Shares’ spot Ethereum ETF application have drawn attention, with one ETF analyst describing the recent development as a potential “Hail Mary” move. This characterization reflects the significance and uncertainty surrounding the application’s progress in a regulatory landscape marked by complexities and evolving standards. Strategic Shift in ETF Proposal ARK 21SHARES filed an updated Ethereum Exchange-Traded Fund (ETF) S-1 form, marking a significant revision by eliminating the staking feature from its initial proposal and viewed as a strategic move to align with regulatory requirements. This decision underscores the company’s commitment to navigating the evolving landscape - [JP Morgan’s Bitcoin Paradox: ETF Investment Contrasts with Executive Skepticism](https://news.shib.io/2024/05/11/jp-morgans-bitcoin-paradox-etf-investment-contrasts-with-executive-skepticism/): Despite its CEO’s vocal skepticism about Bitcoin, JP Morgan, America’s largest bank, has taken a contrasting step by investing in a spot Bitcoin ETF, highlighting a growing divide between executive sentiment and the bank’s financial actions. This investment, marking a significant shift in the bank’s approach to cryptocurrency, positions the bank at the forefront of traditional financial institutions grappling with the rising influence of digital assets. CEO’s Bitcoin Stance JP Morgan CEO Jamie Dimon has long been a vocal critic of Bitcoin, often sparking widespread discussions with his brutal assessments. He has described Bitcoin, the world’s leading cryptocurrency by market - [Indian Crypto Credibility Boosted as Binance and KuCoin Win Registration Amid Regulatory Shift](https://news.shib.io/2024/05/11/indian-crypto-credibility-boosted-as-binance-and-kucoin-win-registration-amid-regulatory-shift/): The cryptocurrency landscape in India underwent a major shift, with Binance and KuCoin securing registration with the country’s Financial Intelligence Unit (FIU-IND), marking a pivotal moment following their ban of alleged illegal operations last year. The move comes as part of a broader regulatory shift and highlights a growing trend toward the legitimization of offshore crypto exchanges within India’s financial framework. Both Binance, the world’s largest cryptocurrency exchange, and KuCoin, after paying a penalty of $41,000, have taken strides toward compliance by obtaining registration with the FIU-IND. The FIU-IND’s engagement with 48 registered crypto entities signifies a step toward fostering - [The Weekly Meme Digest - May 11, 2024](https://news.shib.io/2024/05/11/the-weekly-meme-digest-2/): This weekend’s edition is proudly presented by the newly hard-forked Shibarium, the cutting-edge layer-2 scalability solution of the Shiba Ecosystem! 🚀💫 Hey there, fellow Shibizens and crypto-curious minds! 🌟 Welcome back to your Weekly Meme Digest, where the excitement rivals the market’s ups and downs, and our jokes flow faster than Ethereum on a bullish streak! 🚀 Did you catch our inaugural blast-off last weekend? We hope it left you rolling on the floor laughing and scratching your head at the same time! 😂🤯 Get ready to LOL, WTF, and maybe even OMG with our latest collection of crypto comedy - [Dorsey Gazes into His Crystal Ball - And Sees Bitcoin Hitting a Million Dollars by 2030!](https://news.shib.io/2024/05/11/dorsey-gazes-into-his-crystal-ball-and-sees-bitcoin-hitting-a-million-dollars-by-2030/): Twitter co-founder Jack Dorsey has donned his crystal ball and made a bold prediction: Bitcoin will be worth at least a million dollars by 2030. As the crypto world collectively raised an eyebrow, Dorsey confidently declared, “I don’t know. Over … at least a million. I do think it hits that number and goes beyond.” 🚀 In a recent interview, Dorsey spilled the digital beans. But it’s not just about the Benjamins (or Satoshis, in this case). Dorsey waxed poetic about the collaborative magic of the Bitcoin ecosystem. According to him, anyone who contributes to making Bitcoin better—whether by working - [FTX Fraud Victims Catch a Wave: To Recover Lost Funds - with Added Interest!](https://news.shib.io/2024/05/11/ftx-fraud-victims-catch-a-wave-surfing-their-way-to-recover-funds-now-with-added-interest/): Bankruptcy lawyers representing victims of the dramatic cryptocurrency exchange implosion at FTX just 17 months ago have now announced that the vast majority of victims will indeed receive their money back — and then some! 🚀 The saga began when FTX co-founder and former CEO Sam Bankman-Fried (SBF) was found guilty on seven counts related to fraud, conspiracy, and money laundering. A staggering $8 billion of customer funds had gone missing, leaving investors in despair. SBF was slapped with a 25-year prison sentence and ordered to pay a jaw-dropping $11 billion in forfeiture. His appeal, filed last month, could drag - [Unveiling the Elite Squad: The Top 5 Crypto Degen Nations!](https://news.shib.io/2024/05/11/unveiling-the-elite-squad-the-top-5-crypto-degen-nations/): In the past 10 years, cryptocurrency has gone from being a mysterious asset to a craze-worthy investment everywhere. ₿ 🤑 But here are the top 10 crypto degens by country, according to CoinGecko! 🌎💸 1. United States – Welcome to the United States of Crypto. Bitcoin has become the latest obsession of the masses. Forget about Kim Kardashian; Google users in the U.S. are now searching for Bitcoin like it’s the hottest celebrity gossip. 📰 Americans just can’t get enough of this digital gold. 💰 2. United Kingdom – The U.K. is no stranger to the world of crypto assets, - [Bitcoin: Is It a Satoshi Dream or a Saylor Scheme?](https://news.shib.io/2024/05/11/bitcoin-is-it-a-satoshi-dream-or-a-saylor-scheme/): Hold onto your digital wallets, folks, because MicroStrategy is on a Bitcoin buying binge that makes Black Friday look like a leisurely stroll through the park! 🛒🚀 Under the valiant leadership of Michael Saylor, the fearless Bitcoin evangelist, MicroStrategy has amassed a king’s ransom in Bitcoin—214,400 BTC, to be exact. That’s more than the BTC troves of the United States, China, and the U.K. Talk about having more Bitcoin than a crypto pirate on the high seas! Last week, Saylor was spewing some serious shade at Ethereum and the altcoin ensemble, calling them the B-list celebrities of the crypto world. - [US SEC Crypto Carnival Hits Overdrive!](https://news.shib.io/2024/05/11/us-sec-crypto-carnival-hits-overdrive/): Oh, the times are a-changin’ in the wild west of cryptocurrencies, but it seems the sheriffs at the SEC just can’t let Robinhood ride off into the sunset without a little drama. Yep, folks, gather ’round, because Robinhood has just been handed a shiny new Wells Notice—like a party invitation nobody really wants 🎉. Welcome to the club, Robinhood! You’re now officially on the growing list of the SEC’s crypto soiree alongside stars like Coinbase, Kraken, Uniswap, and MetaMask. Let’s roll out the red carpet, shall we? 🚀 Now, with all those Wells Notices flying around like confetti at a - [Meme Sparks Humorous Take on Bitcoin Fervor: “You are Pre-Rich”](https://news.shib.io/2024/05/10/meme-sparks-humorous-take-on-bitcoin-fervor-you-are-pre-rich/): The meme features a fictional image of a man standing in front of a mirror, his reflection showing him enthusiastically declaring, “You are not poor, you are pre-rich,” after going all in on Bitcoin. Shared across social media platforms, the meme has quickly gained traction, resonating with both crypto enthusiasts and casual observers alike. It humorously encapsulates the mix of excitement and uncertainty that often accompanies forays into the world of cryptocurrencies. The image of the man talking to himself in the mirror reflects the internal dialogue many investors experience as they grapple with the volatility of cryptocurrency markets. Despite - [SEC's Gensler Highlights Disclosure Failures in Crypto, Ethereum Co-Founder Accuses Regulators of Stifling Innovation](https://news.shib.io/2024/05/10/secs-gensler-highlights-disclosure-failures-in-crypto-ethereum-co-founder-accuses-regulators-of-stifling-innovation/): U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler criticized the cryptocurrency industry this Tuesday, claiming a widespread lack of essential disclosures and stating that investors are not receiving the information legally owed to them, sparking concerns amid heightened regulatory scrutiny. Addressing the industry following a Wells Notice issued to Robinhood’s crypto arm, Gensler emphasized the widespread failure in providing crucial information to investors. He stated, “The field of crypto assets, many of those tokens are securities under the law of the land as interpreted by the U.S. Supreme Court. So we follow that law, and you, the investors, are - [EU Securities Watchdog Dives into Digital Assets Debate: To Crypto or Not to Crypto in Investment Products?](https://news.shib.io/2024/05/10/eu-securities-watchdog-dives-into-digital-assets-debate-to-crypto-or-not-to-crypto-in-investment-products/): The European Securities and Markets Authority (ESMA), the securities watchdog of the European Union (EU), has initiated a call for input from stakeholders regarding the potential inclusion of crypto assets in investment products.  This move could significantly broaden the scope of investment opportunities within the EU and potentially open up a vast market for cryptocurrencies. ESMA’s call for input aims to expand the assets eligible for Undertakings for Collective Investment in Transferable Securities (UCITS), a market currently valued at €12 trillion. If approved, this inclusion would offer broader access to cryptocurrencies within the EU’s UCITS framework. In the United States, - [Why Was BONE Created? Shib Army Lucie Explains](https://news.shib.io/2024/05/10/shib-army-lucie-explains-why-bone-was-created/): Shib Army Lucie has taken to X (formerly Twitter) to explain the major reasons behind the creation of BONE, the governance token of the Shib ecosystem. The X post is part of an ongoing effort to educate the community about the roles of all Shib ecosystem tokens. Here’s Why BONE Was Created Lucie said BONE was initially created as a reward token for SHIB holders. It essentially provides incentives for people who hold onto SHIB, the primary token of the Shiba Inu ecosystem. However, she pointed out that the motive behind BONE’s creation was later modified to include other functions. - [EigenLayer's EIGEN Token Airdrop Sparks Controversy and Global Debate](https://news.shib.io/2024/05/10/eigenlayers-eigen-token-airdrop-sparks-controversy-and-global-debate/): EigenLayer, a DeFi protocol, is gearing up for what could be the most-anticipated token airdrop of the year. However, the excitement is tempered by controversy, as restrictions exclude potential customers from major jurisdictions like the U.S. and China. EigenLayer, developed by Seattle-based Eigen Labs with significant backing from a16z Crypto, has seen staggering growth, accumulating $14 billion in assets since its soft launch in 2023. The project offers restaking services on the Ethereum blockchain, promising amplified returns for staking Ether coins. The focal point of this excitement is EigenLayer’s forthcoming distribution of its native token, EIGEN, via an airdrop set - ['Considerably Thinner' SBF Reflects on FTX, Sees $80B Empire if He had Remained at the Helm](https://news.shib.io/2024/05/10/considerably-thinner-sbf-reflects-on-ftx-sees-80b-empire-if-he-had-remained-at-the-helm/): Sam Bankman-Fried, the controversial crypto tycoon recently convicted and sentenced to 25 years in prison for fraud, has expressed deep regret regarding several of his decisions. One of his major regrets is stepping down from his position as the leader of the crypto giant FTX. He said had he remained at the helm, FTX could have evolved into a flourishing company with a valuation of $80 billion. Facilitated by William Cohan of Puck News and arranged by his mother, Barbara Fried, an American lawyer and professor emeritus at Stanford Law School, this exclusive conversation provided a rare glimpse into Bankman-Fried’s - [Atomic Wallet Announces BONE Integration for 5 Million Users](https://news.shib.io/2024/06/10/atomic-wallet-announces-bone-integration-for-5-million-users/): In a major development for the Shib ecosystem, Atomic Wallet has announced the integration of BONE, the governance token of ShibaSwap, into its platform. This move enables over 5 million users to seamlessly buy and swap BONE directly through their Shibarium wallets on Atomic Wallet. Atomic Wallet, initially integrated the Shibarium chain in November 2023. With this integration, users can now manage all native tokens, including $BONE, $SHIB, and $LEASH, all within a single platform. This development underscores Atomic Wallet’s commitment to supporting diverse crypto assets and enhancing user experience. BONE, with a total supply of 250,000,000, serves as the - [Shiba Inu Explodes with 110% Trading Volume Surge To Over 34T SHIB, DeFi System Founder Bullish](https://news.shib.io/2024/06/10/shiba-inu-trading-volume-explodes-market-cap-surges-to-13t-defi-system-founder-bullish/): Shiba Inu (SHIB), the world’s second-largest dog-themed altcoin by market capitalization, has experienced a remarkable surge in trading activity, with volumes skyrocketing by 110% in the past 24 hours to a staggering 34.1 trillion SHIB. According to the latest data from CoinMarketCap, SHIB boasts a market capitalization of $13,544,687,700, with a circulating supply of 589,271,775,864,234 SHIB tokens. This surge comes amid bullish sentiment from the owner of a decentralized finance system, who predicts a bright future for the meme coin. Despite the massive increase in trading volume, SHIB’s price has seen only minor fluctuations, with a modest 1.05% increase in - [Active Shib Army Teases Shib: The Metaverse Potential Big Reveal](https://news.shib.io/2024/06/10/shiba-inu-metaverse-big-reveal-teased-by-marketing-lead-lucie/): Shiba Inu’s metaverse project, SHIB: The Metaverse, has sparked excitement within the community after a period of radio silence. Lucie, a Shib Army active in the community, shared in an X post something that hints at a major upcoming revelation. The tweet, “The quieter it is about #ShibtheMetaverse, the better the next revelation will be. NOTHING IS FORGOTTEN,” has ignited speculation and anticipation within the SHIB community. This follows a period of several months with minimal updates on the metaverse project, leading some to question its status. SHIB: The Metaverse was first announced in 2021, sending shockwaves through the cryptocurrency - [ChewySwap Announces Major Shibarium Advancement, Tests In-App Wallets for Telegram Mini Apps](https://news.shib.io/2024/06/10/chewyswap-announces-major-shibarium-advancement-tests-in-app-wallets-for-telegram-mini-apps/): ChewySwap, a cryptocurrency exchange platform on Shibarium, is exploring the integration of in-app wallets within Telegram bot mini apps. This development, currently in the testing phase, aims to streamline user experience by allowing users to create wallets directly within the Telegram interface using just an email address or phone number. “We’ve been searching for ways to help make onboarding easier for new users particularly those who may be hesitant to install a wallet app. Going by my first experiences with DeF it can be an intimidating process for new users creating a wallet, reading all these warnings about seed phrase - [Bitcoin's Meteoric Rise Eclipses Global Banking Titans](https://news.shib.io/2024/06/10/bitcoin-meteoric-rise-eclipses-global-banking-titans/): Bitcoin, in a monumental shift that reverberates through the financial world, has achieved a groundbreaking milestone by surpassing the collective market capitalization of the world’s three largest banks. This historic feat, revealed by recently compiled data, signals a seismic shift in the balance of power within the global financial landscape. Data from Coinpedia Markets reveals Bitcoin’s market cap has surged to an astounding $1.37 trillion, exceeding the total market value of JPMorgan Chase, Bank of America, and the Industrial and Commercial Bank of China. This remarkable achievement underscored the digital currency’s meteoric rise since its inception in 2009. Created by - [Binance TH Announces Shiba Inu Listing On New Network](https://news.shib.io/2024/06/09/binance-th-announces-shiba-inu-listing-on-new-network/): Shiba Inu (SHIB) is set to gain increased accessibility and growth potential following Binance TH’s announcement of its listing on the Binance Smart Chain (BSC) network. This strategic move comes as Binance, the world’s leading cryptocurrency exchange, celebrates reaching 200 million users. Effective June 11 at 2:00 a.m. ET, SHIB will be available for trading on the BSC network through Binance TH, a subsidiary of Gulf Binance. This is expected to significantly boost SHIB’s liquidity and trading volume, further solidifying its position in the cryptocurrency market. Binance TH’s move to list SHIB on the BSC was a strategic effort to - [SEC Closes Utah Office Following DEBT Box Case Rap](https://news.shib.io/2024/06/09/sec-closes-utah-office-following-debt-box-case-dismissal/): The decision to shutter the SLRO, the smallest of the SEC’s 11 regional offices, comes after a comprehensive review of the agency’s budget and organizational efficiency. The move will streamline the SEC’s operations, consolidating its regional presence from 11 offices to 10. The current staff of the SLRO will be repositioned to existing SEC offices across the state, ensuring their expertise continues to support the agency’s mission. “The SLRO has long been the SEC’s smallest regional office and recently has experienced significant attrition,” the regulator said in a statement. “The agency considered its budget and organizational efficiency in deciding to - [Kraken Prepares for IPO in 2025, Reportedly Raising Over $100M in Funding](https://news.shib.io/2024/06/09/kraken-prepares-for-ipo-in-2025-reportedly-raising-over-100m-in-funding/): Kraken, one of the leading cryptocurrency exchanges, is reportedly making significant strides toward becoming a publicly traded company. According to a recent report, Kraken is seeking to raise over $100 million in a funding round expected to conclude by the end of this year. This move is a crucial step in Kraken’s journey toward an Initial Public Offering (IPO) in 2025. Kraken, one of the oldest cryptocurrency exchanges, considered raising a final funding round ahead of a possible initial public offering after receiving inquiries from potential investors during the current digital-asset market rally, Bloomberg reported, citing “people familiar with the - [Iggy Azalea Reignites Feud with Vitalik Buterin Over Crypto 'Gas Tax' After Breastfeeding Meme Jab](https://news.shib.io/2024/06/08/iggy-azalea-reignites-feud-with-vitalik-buterin-over-crypto-gas-tax-after-breastfeeding-meme-jab/): Iggy Azalea, the renowned female rapper and composer behind the MOTHER token, has taken aim at Vitalik Buterin, the crypto genius and co-founder of Ethereum. In a recent podcast, Azalea didn’t mince words, launching a scathing attack on Buterin’s stance regarding celebrity meme coins—a trend that has gained significant traction in recent times.  Azalea’s fiery rhetoric centered on what she perceived as Buterin’s hypocrisy in critiquing the financialization of projects like MOTHER while imposing what she dubbed a “gas tax” through transaction fees. “It’s so rich of you to have an opinion on charities and hospitals, whatever, but let’s talk - [The Weekly Meme Digest - June 8, 2024](https://news.shib.io/2024/06/08/the-weekly-meme-digest-4/): Shibizens and crypto comrades, strap in for a wild ride through the crypto kingdom of titles and tiaras! 👑 Your Weekly Meme Digest is back with a roar, serving up the juiciest drama and the dopiest nicknames the cryptoverse has to offer. This week, we’re diving deep into the world of crypto monikers – from self-proclaimed presidents to Bitcoin messiahs, it’s a jungle out there, folks! Forget lambos and laser eyes, the hottest accessory in crypto is a grandiose title. So grab your popcorn 🍿, sit back, and let’s get rollin’ with this week’s Crypto High Five: Crypto ‘Reverend CEO’ - [The Good, the Bad, and the WAGMI: A Look into the World of Crypto Traders](https://news.shib.io/2024/06/08/the-good-the-bad-and-the-wagmi-a-look-into-the-world-of-crypto-traders/): Similar to stock day traders, there are crypto enthusiasts who dabble in DeFi on the side, hoping to strike it rich and ditch their day jobs for good. 💰🤑 Say hello to crypto traders. These degens share a common dream: the firm conviction that decentralized finance will soon take over traditional finance. By swapping out TradFi for DeFi, they foresee a future where code and networks will rule over banks, brokerages, and money transfer businesses. They can predict better—at least in their heads—than astrology fans; they can sense bears and bulls faster than crystal collectors. 🔮🧙🏽 These crypto cowboys gather - [🚀 GameStop Playing Games? Roaring Kitty's Back, and the Meme Stock Mania Is Going Bananas! 🍌](https://news.shib.io/2024/06/08/%f0%9f%9a%80-gamestop-playing-games-roaring-kittys-back-and-the-meme-stock-mania-is-going-bananas-%f0%9f%8d%8c/): Hold onto your diamond hands, apes, because the meme stock madness of 2021 is staging a comeback! GameStop, the OG of meme stocks, is once again making headlines, all thanks to the return of its most iconic hype man, Keith “Roaring Kitty” Gill. 🐱‍👤 After a three-year social media hiatus, Gill resurfaced with a series of cryptic posts that sent the internet into a frenzy. One post featured a meme-tastic image of a man leaning forward, a symbol well-known to gamers that things are about to get serious. Another post revealed a jaw-dropping $116 million bet on GameStop shares. 🤯🤯🤯 - [Crypto President or Meme Lord? 👑 Trump's 'Presidential' Proclamation at Tech Fundraiser Raises Eyebrows (and Millions) 🤔](https://news.shib.io/2024/06/08/crypto-president-or-meme-lord-%f0%9f%91%91-trumps-presidential-proclamation-at-tech-fundraiser-raises-eyebrows-and-millions-%f0%9f%a4%94/): In a scene straight out of a Silicon Valley fever dream (or perhaps a particularly bizarre episode of “Silicon Valley”), former U.S. President Donald Trump, recently declared himself the “Crypto President” at an exclusive and lavish tech fundraiser in San Francisco. Forget the White House lawn 🏛️– it seems the new battleground for political clout is wherever the Wi-Fi signal is strongest. (﹙˓ 📶 ˒﹚) Yes, you read that right. 🍾💵 But wait, wasn’t this the same guy who once called crypto a “disaster waiting to happen” in 2021? 🌪️💥🌋🌊🔥🤯 Fast forward to 2024, and he’s not only singing a - [Hallelujah! Bitcoin Jesus Walks on Water (Er, Bail Money) in Spain! 🙏💰](https://news.shib.io/2024/06/08/hallelujah-bitcoin-jesus-walks-on-water-er-bail-money-in-spain-%f0%9f%99%8f%f0%9f%92%b0/): Well, butter my Bitcoin and call me Satoshi! It seems our beloved Bitcoin Jesus, Roger Ver, has found himself in a bit of a pickle with the taxman. 🥒💸 But fear not, ye faithful crypto disciples! Our savior has been released on bail in Spain, after coughing up a cool €150,000. Now, that’s what I call a holy offering! 😇💸 Word on the blockchain is that the U.S. Department of Justice is accusing him of some serious tax evasion, to the tune of almost $50 million! Apparently, our Bitcoin Jesus forgot to mention a few minor details about his 131,000 - [Crypto 'Reverend CEO' Preached 'Freedom From The Plantation,' Delivered Penitentiary: An 'Exodus' Gone Astray? 🙏💰](https://news.shib.io/2024/06/08/crypto-reverend-ceo-preached-freedom-from-the-plantation-delivered-penitentiary-an-exodus-gone-astray-%f0%9f%99%8f%f0%9f%92%b0/): Yo, hold my Lambo! 🚗💨 The New York Attorney General is throwing the book at this crypto power couple who allegedly ran not one, but TWO pyramid schemes targeting the Haitian community. 🤯 They promised “freedom from the plantation” with their shady ventures, AWS Mining and NovaTechFX, but all they delivered was a one-way ticket to financial ruin. 💸😭 Cynthia and Eddy Petion, the masterminds behind this alleged scam, weren’t your average crypto hustlers. Oh no, they were much more ambitious. Cynthia, the self-proclaimed “Reverend CEO,” claimed divine inspiration for their ventures, AWS Mining and NovaTechFX, even going as far - [Trump’s $400M Post-Verdict Fundraising Surge](https://news.shib.io/2024/06/08/trumps-400m-post-verdict-fundraising-surge/): Former President Donald Trump announced today that his campaign has raised nearly $400 million in the weeks following a recent high-profile legal verdict. This substantial fundraising total marks one of the largest post-verdict hauls in recent political history and underscores Trump’s enduring influence over the Republican base. how much Trump’s campaign has raised from crypto donations, including Shiba Inu is still unknown. The inclusion of these modern donation methods undeniably showcases the campaign’s adaptability and appeal to a younger, tech-savvy demographic. - [Ethereum Developer Praises Shiba Inu's Market Dominance, Throws Shade on Solana](https://news.shib.io/2024/06/07/ethereum-developer-praises-shiba-inus-market-dominance-throws-shade-on-solana/): Justin Drake, an Ethereum core developer, in a provocative move that has sent shockwaves through the crypto community, has publicly lauded the surprising market dominance of Shiba Inu, while simultaneously casting doubt on Solana’s ability to maintain its position as a top-tier blockchain platform. This unexpected, indirect validation and endorsement from a prominent figure within the Ethereum ecosystem has ignited a fierce debate about the future trajectory of these three major players in the digital asset space. In a recent episode of Bankless, a YouTube channel exploring the frontier of crypto money and crypto finance, Drake, alongside Solana co-founder Anatoly - [Inside NestX: Exclusive Interview on Overcoming Hurdles, Confronting Challenges and Charting New Course](https://news.shib.io/2024/06/07/inside-nestx-exclusive-interview-on-overcoming-hurdles-confronting-challenges-and-charting-new-course/): NestX faces unexpected challenges due to the absence of a core developer. The team remains resilient, transparent, and committed to the platform's future. - [Telegram Unveils 'Stars' Currency, Integrating Seamlessly with TON Blockchain](https://news.shib.io/2024/06/07/telegram-unveils-stars-currency-integrating-seamlessly-with-ton-blockchain/): In a bold new move, Telegram has launched an in-app currency called Stars, as announced by CEO Pavel Durov on Thursday. This innovative currency allows users to make payments for digital services within the platform’s mini apps, marking a significant advancement in Telegram’s ecosystem. Stars enable seamless transactions within Telegram’s mini apps, which are experiencing a massive surge in user adoption. Developers can accept Stars as payment and then exchange them for Toncoin (TON) via the exchange Fragment. TON is the native currency of The Open Network, a blockchain platform formerly called Telegram Open Network, which was first developed by - [Bitcoin's Wild Ride: Surges Past $71,000 Before Sharp Pullback](https://news.shib.io/2024/06/07/bitcoins-wild-ride-surges-past-71000-before-sharp-pullback/): In a dramatic turn of events, Bitcoin experienced significant price fluctuations in the last 24 hours, briefly surging to $71,700 following a notable announcement from the European Central Bank (ECB). The ECB’s decision to cut interest rates sent ripples through the financial markets, providing an initial boost to the leading cryptocurrency. However, this rally was short-lived as Bitcoin quickly retraced, nearly dipping below $70,300, according to CoinMarketCap data, before beginning a gradual recovery to $71,100 at the time of writing. Market analysts observed that the initial dip to around $70,000 did not generate significant trading volume. “The pullback might serve - [Shiba Inu Whale Gets $120M Windfall from SHIB Investment](https://news.shib.io/2024/06/06/shiba-inu-whale-gets-120m-windfall-from-shib-investment/): A Shiba Inu whale, in an astounding demonstration of the lucrative potential within the cryptocurrency market, has achieved an extraordinary $120 million profit from strategically investing in SHIB tokens. This major windfall underscores the high-risk, high-reward nature of crypto investments and highlights the remarkable gains that can be realized through early-stage involvement and keen market insight.  A Shiba Inu (SHIB) whale, a term used to describe individuals or entities holding significant amounts of a particular cryptocurrency, has recently made a massive purchase of 715.9 billion SHIB tokens, valued at $18.44 million, in just six hours. This extraordinary transaction has ignited - [NestX Announces Operational Challenges Due to Developer’s Absence](https://news.shib.io/2024/06/06/nestx-announces-operational-challenges-due-to-developers-absence/): NestX, a flourishing NFT marketplace operating on multiple blockchains including the increasingly popular Shibarium, has encountered a significant operational hurdle due to the unforeseen absence of one of its key developers. The platform, which has garnered attention for its cross-chain capabilities and presence in the vibrant Shiba Inu ecosystem, finds itself grappling with limitations in functionality and expansion plans. Shibarium, a layer-2 scalability solution within the Shiba Inu ecosystem, has witnessed a surge in projects eager to capitalize on its low gas fees and enthusiastic Shib Army community. NestX, among these projects, has been riding the wave of this burgeoning - [$KNINE Milestone: Supply Validations by Leading Crypto Platforms Confirm Market Presence](https://news.shib.io/2024/06/06/knine-milestone-supply-validations-by-leading-crypto-platforms-confirm-market-presence/): KNINE, the driving force behind K9 Finance’s liquid staking derivative platform, has taken a giant leap forward in solidifying its place in the crypto world. The token recently achieved a major milestone: the official verification and integration of its circulating supply on both CoinMarketCap (CMC) and CoinGecko – two of the most reputable and widely used cryptocurrency data platforms. This dual validation, a significant coup for KNINE, was announced by K9 Finance DAO on X (formerly Twitter) with separate posts for each platform: “Supply Now Verified on @coingecko $KNINE circulating supply API has been accepted and integrated into the Coingecko - [Shiba Inu Surges Amid Whale Activity: Is Shib Heading for 0.0001?](https://news.shib.io/2024/06/06/shiba-inu-surges-amid-whale-activity-is-shib-heading-for-0-0001/): In a whirlwind of market activity, Shiba Inu has experienced a significant surge following increased interest from whales. This surge has sparked speculation among enthusiasts, with some anticipating a substantial rise in value. According to market intelligence platform Santiment, the volume of transactions involving $100,000 or more worth of Shiba Inu has more than doubled this week compared to the typical averages so far this year. This surge in whale activity suggests an accumulation of SHIB among major investors. In the past 24 hours alone, nine wallets, two of which are considered whales due to their significant holdings, have collectively - [VanEck Predicts Ethereum to Soar to $22K by 2030: A Game-changer for Crypto Investors](https://news.shib.io/2024/06/06/vaneck-predicts-ethereum-to-soar-to-22k-by-2030-a-game-changer-for-crypto-investors/): On June 5, investment management firm VanEck unveiled a striking new price prediction for Ethereum (ETH), forecasting its value to reach $22,000 by 2030. This ambitious target, rooted in Ethereum’s disruptive potential and its substantial cash flow generation for token holders, marks a significant update from previous projections. VanEck’s latest report underscores Ethereum’s transformative impact across diverse sectors such as finance, banking, payments, marketing, advertising, social media, gaming, infrastructure, and artificial intelligence. The firm posits that the approval of Ether ETFs, alongside comprehensive on-chain data analysis, bolsters this optimistic outlook. The report details how Ethereum-based technology, renowned for its capacity - [Underdog Rising](https://news.shib.io/2024/06/06/underdog-rising/): Read the latest edition of The Shib magazine here. - [Bitcoin Stabilizes Under $71K Amid Spot ETF News, Eyes Critical $72K Level](https://news.shib.io/2024/06/05/bitcoin-stabilizes-under-71k-amid-spot-etf-news-eyes-critical-72k-level/): Bitcoin (BTC), the leading cryptocurrency, has maintained a steady position below the $71,000 mark, despite a wave of positive developments in the world of exchange-traded funds (ETFs). The recent launch of Australia’s first spot Bitcoin ETF and the imminent approval of spot Ethereum ETFs in the United States have generated renewed optimism in the market, though the crucial $72,000 threshold remains a key indicator for potential bullish momentum. The previous week, characterized by low volatility, saw Bitcoin, the world’s largest crypto asset by market capitalization, suffer a 1.1% decline in its price, closing at about a $67,800 trading price. However, - [Redefining Regulations: Hong Kong's Crypto Landscape Takes a New Turn](https://news.shib.io/2024/06/05/redefining-regulations-hong-kongs-crypto-landscape-takes-a-new-turn/): Hong Kong’s regulatory landscape for cryptocurrencies is tightening with every passing day. The city recently expelled all unlicensed crypto exchanges, signaling a stricter stance on regulatory compliance. This move comes amid a wave of transformations in the city’s crypto sector, with major players like OKX, Gate.io, and Huobi withdrawing their applications for virtual asset trading platform licenses. While the departure of these exchanges may raise concerns about Hong Kong’s crypto ambitions, the city is actively steering toward a regulated future for the industry. Select crypto firms, such as HashKey and CSOP Asset Management, have secured licenses to launch Bitcoin ETFs, - [Promising Growth: Shibarium Sees Exponential Surge Across Multiple Fronts](https://news.shib.io/2024/06/05/promising-growth-shibarium-sees-exponential-surge-across-multiple-fronts/): Shibarium, the layer-2 scaling solution for the Shiba Inu ecosystem, has erupted with unprecedented activity across multiple fronts, showcasing its remarkable growth and potential. New accounts have skyrocketed by 3,436%, transaction volumes have surged by 80%, and active users are flocking to the platform, signaling a transformative phase for Shibarium and solidifying its position as a rising powerhouse in the cryptocurrency market. The Shiba Inu development team, in its relentless drive to enhance Shibarium, has been executing a series of strategic steps over the past weeks. Working diligently behind the scenes, these developers have been committed to ensuring that the - [Shytoshi Kusama Drops Hint About 'Massive Scale,' 'Bigger Than This' Projects](https://news.shib.io/2024/06/05/shytoshi-kusama-drops-hint-about-massive-scale-bigger-than-this-projects/): Shytoshi Kusama, the enigmatic leader of the Shiba Inu ecosystem, has hinted at “massive scale” projects that are “bigger than this” in response to a thought-provoking tweet from crypto genius Vitalik Buterin, sparking excitement and speculation within the crypto community, especially since Kusama has previously shared he is in the Middle East. The crypto world was excited when Buterin, the renowned Ethereum mastermind, shared his thoughts on X (formerly Twitter) about his criteria for “celebrity crypto projects” to earn his respect, sparking a flurry of responses. Buterin laid out a blueprint for celebrity crypto projects, where he emphasized three essential - [Kusama Hints at Major Shiba Inu Developments Following Middle East Trip](https://news.shib.io/2024/06/05/kusama-hints-at-major-shiba-inu-developments-following-middle-east-trip/): Kusama’s reference to “cousins” and the use of the Arabic phrase “inshallah” (God willing) suggest a potential connection to the Middle Eastern crypto community. - [DefiLlama Now Tracks Mantra Protocol on Shibarium: A DeFi Milestone](https://news.shib.io/2024/06/04/defillama-now-tracks-mantra-protocol-on-shibarium-a-defi-milestone/): DefiLlama, the leading DeFi analytics platform, has expanded its coverage to include Mantra, an NFT marketplace and lending protocol on the Shibarium network. The move underscores the growing importance of interoperability and liquidity solutions within the NFT space. DefiLlama has emerged as a go-to resource for tracking the total value locked (TVL) across various decentralized finance (DeFi) protocols. Its user-friendly interface provides real-time data on TVL, lending platforms, yield farms, and liquidity pools. It offers users a comprehensive view of the DeFi landscape by aggregating information from multiple platforms,  “Being listed in Defillama brings to the ground the fact that - [Shytoshi Kusama Hints at Major Shiba Inu Developments Following Middle East Trip](https://news.shib.io/2024/06/04/shytoshi-kusama-hints-at-major-shiba-inu-developments-following-middle-east-trip/): Following a recent trip to the Middle East, Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, has sparked excitement within the crypto community by hinting at major developments for the popular meme coin. His cryptic social media message, referencing “cousins” and invoking “inshallah,” has ignited speculation about potential partnerships, collaborations, or even new use cases for SHIB in the region, further solidifying its position as a global contender in the cryptocurrency arena. Shy, as he is fondly called by the Shib Army, in a recent X post, expressed his appreciation for the region’s culture and hinted at potential collaborations - [Unstoppable: Shiba Inu Burn Rate Soars to Five Digits, Defying Recent Dip ](https://news.shib.io/2024/06/04/unstoppable-shiba-inu-burn-rate-soars-to-five-digits-defying-recent-dip/): The Shiba Inu (SHIB) community is abuzz with excitement as the token’s burn rate defies recent declines and soars to an unprecedented five-digit figure. This unexpected surge has reignited enthusiasm among the Shib Army and the broader Shiba Inu community, actively working to reduce the circulating supply of SHIB and potentially increase its value. The Shiba Inu burn mechanism involves sending SHIB tokens to a “dead wallet,” a cryptocurrency wallet with inaccessible private keys, removing them from the market forever. This deflationary measure decreases the total supply of SHIB, making the remaining tokens more scarce and potentially driving up their - [Shiba Inu Marketing Lead Hints at $KNINE Integration on Shibarium: A Tail Wagger for Holders?](https://news.shib.io/2024/06/04/shiba-inu-marketing-lead-hints-at-knine-integration-on-shibarium-a-tail-wagger-for-holders/): The Shiba Inu community is abuzz after Lucie, the project’s marketing lead, sent a cryptic tweet, hinting at the integration of K9 Finance’s $KNINE on Shibarium, the layer-2 scaling solution for Shiba Inu. The tweet, which read “$KNINE ‍↔️ Soon on #Shibarium,” has sparked speculation and excitement among investors. KNINE is a native token for the K9 Finance DAO (Decentralized Autonomous Organization), where token holders actively govern the project. It plays a crucial role in the Shib ecosystem by enabling liquid staking and enhancing BONE staking processes within Shibarium. Recently, LBank Exchange announced the listing of KNINE, allowing users to trade the KNINE/USDT - [Thailand Joins the Bitcoin ETF Trend](https://news.shib.io/2024/06/04/thailand-joins-the-bitcoin-etf-trend/): Thailand has entered the growing global Bitcoin ETF market by approving One Asset Management (ONEAM) to launch a Bitcoin ETF. This new financial instrument, known as the ONE Bitcoin ETF Fund of Funds Unhedged, marks a significant step for Thailand’s financial market and is set to be available exclusively to institutional investors. The Thai Securities and Exchange Commission (SEC) has sanctioned the distribution of the ONE Bitcoin ETF from May 31 to June 6, 2024. This ETF comes with an investment risk level of eight, indicating a high-risk profile typical of cryptocurrency investments. This approval follows the Thai SEC’s recent - [Shiba Inu Makes Inroads with Inclusion in CF Benchmarks' Large Cap Index](https://news.shib.io/2024/06/04/shiba-inu-makes-inroads-with-inclusion-in-cf-benchmarks-large-cap-index/): Shiba Inu (SHIB), the popular altcoin with a loyal doggo army, has notched a significant win by being included in CF Benchmarks’ Large Cap Asset Index. This move signifies a growing recognition for SHIB within the institutional investment sphere. CF Benchmarks is a well-respected provider of institutional-grade cryptocurrency benchmarks. Its Large Cap Asset Index tracks the performance of the top digital assets by market capitalization, offering a broad gauge of the cryptocurrency market’s health. Inclusion in this index positions SHIB alongside established giants like Bitcoin and Ethereum, lending it a legitimacy it previously lacked. The news comes amid a period - [SolKiller (DAMN) Gains First CEX Listing: A Major Milestone for the Meme Coin on Shibarium ](https://news.shib.io/2024/06/04/solkiller-damn-gains-first-cex-listing-a-major-milestone-for-the-meme-coin-on-shibarium/): SolKiller (DAMN), the meme coin making waves in the Shibarium network, has achieved a major milestone by securing its first centralized exchange (CEX) listing on JuCoin. This monumental step opens up new opportunities for increased trading activity, liquidity, and exposure for the rising star of Shibarium. Cryptocurrency exchange platform JuCoin announced the upcoming listing of SolKiller (DAMN) on its platform. The trading pair DAMN/USDT will go live at 20:00 (UTC+8) on Saturday, with deposits opening at 20:00 (UTC+8) Thursday. This listing represents a significant milestone for DAMN, positioning it for greater visibility and accessibility in the crypto market. Leveraging the - [Crypto Politics: Biden Vetoes HJ 109 While Trump Embraces Cryptocurrency Donations](https://news.shib.io/2024/06/03/crypto-politics-biden-vetoes-hj-109-while-trump-embraces-cryptocurrency-donations/): President Joe Biden, in a dramatic turn of events that underscores the deepening intersection of cryptocurrency and U.S. politics,  vetoed House Joint Resolution 109 (HJ 109) last Friday–a move that has reignited fierce debate over the regulation of digital assets. Meanwhile, former President Donald Trump has taken a contrasting approach by embracing cryptocurrency donations for his 2024 presidential campaign, marking a historic first for a major party candidate.  This contrast in political strategies underscores the increasing importance of cryptocurrencies in the American political and financial arenas, setting the stage for a contentious and pivotal election year. The Fallout from Biden’s - [Michael Saylor Settles Historic $40 Million Income Tax Case with District of Columbia](https://news.shib.io/2024/06/03/michael-saylor-settles-historic-40-million-income-tax-case-with-district-of-columbia/): Michael Saylor, the executive chairman and co-founder of MicroStrategy, has agreed to a $40 million settlement in an income tax fraud case with the District of Columbia. This settlement, the largest of its kind in D.C. history, was announced by Attorney General Brian Schwalb on Monday. The case against Saylor and MicroStrategy, filed in August 2022, accused Saylor of evading more than $25 million in D.C. taxes by misrepresenting his residence. While Saylor claimed residency in Florida or Virginia, the D.C. government alleged he lived within the U.S. capital’s jurisdiction to benefit from lower tax rates. The lawsuit also implicated - [Shiba Inu Surges on Robinhood, Leaving Established Players in the Dust](https://news.shib.io/2024/06/03/shiba-inu-surges-on-robinhood-leaving-established-players-in-the-dust/): Shiba Inu (SHIB) has secured the second position in Robinhood’s list of top 10 cryptocurrencies with the most weekly gains.  Notably, SHIB managed to outperform major cryptocurrencies like Ethereum (ETH) and Bitcoin (BTC) on the leading investment platform. According to Robinhood’s data, SHIB experienced a price increase of approximately 6.7% over the past seven days. This placed it behind Uniswap (UNI), which secured the top spot with a surge of 14.6%. However, it’s important to note that SHIB’s outperformance wasn’t limited to just UNI. It also eclipsed established players like Ethereum (ETH) and Bitcoin (BTC) on Robinhood’s rankings. Over the - [Binance Suspends Cash Payments for P2P Crypto Trading in India](https://news.shib.io/2024/06/03/binance-suspends-cash-payments-for-p2p-crypto-trading-in-india/): Major cryptocurrency exchange Binance has suspended cash payments for peer-to-peer (P2P) trading in India, citing regulatory compliance and enhanced security measures. The move comes amid a backdrop of increasing scrutiny of the crypto industry by Indian authorities. Effective immediately, Binance users in India can no longer buy or sell supported cryptocurrencies by depositing or receiving cash payments. While the suspension eliminates cash as a payment option, Indian users can still leverage alternative methods like bank transfers and digital wallets for P2P transactions. These methods are generally considered more transparent and easier to track, potentially mitigating money laundering risks. P2P trading - [Australia to Launch Its First Spot Bitcoin ETF Tuesday](https://news.shib.io/2024/06/03/australia-to-launch-its-first-spot-bitcoin-etf-tuesday/): Australia is set to join the growing list of countries offering spot Bitcoin exchange-traded funds (ETFs) with the launch of its first such product expected on Tuesday. Monochrome Asset Management has announced that the Bitcoin ETF (IBTC) will begin trading on June 4, pending any last-minute delays. The ETF will trade under the ticker IBTC and will carry a management fee of 0.98%. Monochrome Asset Management, the issuer of the ETF, aims to provide investors with a regulated means of gaining exposure to Bitcoin. The ETF tracks the CME CF Bitcoin Reference Rate index, ensuring that the investment is tied - [Beyond the Bars: The Ripple Effect of CZ’s Imprisonment on the Cryptocurrency Landscape](https://news.shib.io/2024/06/03/beyond-the-bars-the-ripple-effect-of-czs-imprisonment-on-the-cryptocurrency-landscape/): Binance founder and former CEO Changpeng Zhao, known as CZ, in a pivotal moment, has commenced his four-month sentence at a low-security federal prison in Lompoc, California. This development, stemming from his guilty plea to charges of facilitating money laundering, not only marks a significant chapter in his saga but also sends ripples across the entire crypto landscape, raising questions about the broader implications for the market. CZ’s imprisonment is a stark reminder of the heightened regulatory scrutiny facing the cryptocurrency sector. The low-security prison where CZ will serve his sentence is designed for prisoners who are not considered dangerous - [Shibarium Team Urges Caution and Due Diligence in the Crypto Sphere](https://news.shib.io/2024/06/03/shibarium-team-urges-caution-and-due-diligence-in-the-crypto-sphere/): The Shibarium Tech Admin has raised a note of caution to all users of Shiba Inu’s Layer 2 platform, emphasizing the critical importance of conducting thorough, independent research (DYOR) in a recent advisory.  This call to action underscores the need for investors to move beyond the influence of well-known personalities and focus on evaluating the true technical merits and potential demand of projects within the Shibarium ecosystem. The Shibarium Team via DaVinci, its pseudonymous administrator of Shibarium Tech’s Discord and Telegram channels, has issued a statement urging users to exercise caution and conduct thorough research before making any investment decisions - [WALK Token: Netizens' Investigation Reveals Shocking Crypto Dumping Incident](https://news.shib.io/2024/06/03/walk-token-netizens-investigation-reveals-shocking-crypto-dumping-incident/): An extensive investigation by vigilant netizens has uncovered a massive dumping incident involving the WALK token, in a stunning revelation that has sent shockwaves through the cryptocurrency community, particularly within the Shib Army. The unprecedented selloff has surprised a lot of Shibizens, prompting urgent calls for greater transparency and accountability within the crypto space. The Shiba Inu ecosystem, known for its vibrant community and meme-inspired tokens, recently witnessed a dramatic series of events that have raised questions about the integrity of token transactions and the identities of those involved. At the heart of the controversy is the WALK token, which - [🃏 Meme Coin Mania: Whales Go All-In, Pepe Gets Dumped, Shiba Inu's the New Bae? 🤑](https://news.shib.io/2024/06/01/%f0%9f%83%8f-meme-coin-mania-whales-go-all-in-pepe-gets-dumped-shiba-inus-the-new-bae-%f0%9f%a4%91/): Ah, meme coins—the chaotic thrill ride where reason gets a rain check and hype runs the show. Welcome to the crypto carnival, where every day is a new spectacle. Today’s stars? The enigmatic whales who treat meme coins like their personal playground. 🍿 Buckle up, folks! Whale Tales: The Real Movers and Shakers 🐋 While celebs are busy tweeting and hyping, the true market maestros are the whales—those massive crypto investors whose trades can shake the entire market. Case in point: one smart whale recently deposited a jaw-dropping 1.97 trillion $PEPE (worth $6.07 million) to Binance, pocketing a tidy $3.49 - [Shiba Inu (SHIB) Whale Unleashes Fury: Dogecoin Left Chasing Its Tail 🐕💥](https://news.shib.io/2024/06/01/shiba-inu-shib-whale-unleashes-fury-dogecoin-left-chasing-its-tail-%f0%9f%90%95%f0%9f%92%a5/): Kicking off 2024 as the scrappy underdog, SHIB was trading for less than a fraction of a penny. But then—zoom! 🚀—it rocketed over 450%, hitting a yearly high in February. While it’s still shy of its 2021 glory days, this altcoin is definitely flexing its muscles.🏆 Here’s where it gets interesting: crypto whales—those deep-pocketed titans of the crypto world—are diving headfirst into the SHIB pond. Meanwhile, Dogecoin, the original meme coin, seems to be…well, taking a nap. 💤 Let’s be real, DOGE has been about as exciting as watching paint dry lately. 💤 Large transactions have plummeted, and active users - [The SEC: Protecting Investors... From Making Money?🤨](https://news.shib.io/2024/06/01/the-sec-protecting-investors-from-making-money%f0%9f%a4%a8/): In the annals of cryptocurrency history, one cannot overlook the missteps and losses that the U.S. Securities and Exchange Commission (SEC) has faced in its attempts to regulate the ever-evolving crypto space. From denying applications to questionable classifications, the SEC has had its fair share of setbacks, with twists and turns, laughs, and a fair share of facepalm. Let’s recap, shall we? Grayscale’s Victory Dance: First up, we have the SEC denying Grayscale’s bid to convert its Bitcoin Trust into a spot ETF. But hold your horses, folks! The Court of Appeals for the D.C. Circuit swooped in, calling out - [Lights, Camera, Rug Pull? 😱 Celebs Are Cashing In on Crypto, But Will You? 🤑](https://news.shib.io/2024/06/01/lights-camera-rug-pull-%f0%9f%98%b1-celebs-are-cashing-in-on-crypto-but-will-you-%f0%9f%a4%91/): Lights, cameras, crypto! Hollywood’s elite are ditching the red carpet for meme coin mania, but is this a blockbuster hit or a B-movie flop waiting to unravel? 🤔 Who needs Hollywood drama when you’ve got meme coins? 🎭 Celebrities are boarding the crypto train faster than you can say “blockchain.” But beware, not all that shines is gold – some stars come with a shady past. 🤨 Will the crypto community hold them accountable, or will it all vanish in the next pump? 🤔 The surge of celebrity-backed tokens has split the community. From Caitlyn Jenner’s token spree to Iggy - [The Weekly Meme Digest - June 1, 2024](https://news.shib.io/2024/06/01/the-weekly-meme-digest-3/): Hello, crypto aficionados and meme coin maestros! 🚀 Buckle up, because this week’s crypto rollercoaster is nothing short of exhilarating, with more twists and turns than a season finale of your favorite binge-worthy series. 🎢 The SEC’s Epic Fails: Let’s start with the U.S. Securities and Exchange Commission (SEC), our favorite regulatory punching bag. 🥊 This week, the SEC racked up more L’s than a meme coin rug puller. Seriously, watching them chase after crypto projects is like watching a dog chase its tail – hilarious, futile, and a little bit sad. 🐶 Just when you think they might have - [From Protector to Crypto Collector: The Curious Case of the Bitcoin Inspector](https://news.shib.io/2024/06/01/from-protector-to-crypto-collector-the-curious-case-of-the-bitcoin-inspector/): Move over, Hollywood – the wildest crypto drama is unfolding in India’s tech hub! This ain’t your average hack story, folks. A hacker stole a mountain of Bitcoin, but then… the COPS HACKED HIM BACK! 🤯🤯🤯 In the fast-paced city of Bengaluru, India’s tech hub, a thrilling tale of cat-and-mouse unfolds – but with a twist that’ll make your head spin. 🤯 More than just your usual hacker story; it’s a saga of double-crossing, digital intrigue, and the blurred lines between law enforcement and cybercrime. 🕵️‍♀️ Picture this: It’s 2017, and Bengaluru’s startup scene is buzzing with crypto fever. ₿ - [The Shib Magazine Cover NFTs See Surge in Trading, Over 700 Sold on Mantra Protocol](https://news.shib.io/2024/05/31/the-shib-magazine-cover-nfts-see-surge-in-trading-over-700-sold-on-mantra-protocol/): In a remarkable development in Shiba Inu news and media, over 700 The Shib Magazine cover NFTs have been traded on the Mantra marketplace. The milestone reflects a significant increase in the interest and activity surrounding the magazine’s unique covers, according to a recent tweet by a Shib Army member who goes by the name Shib Mehta. “Well, I put this tweet just to make people aware about what’s currently happening and what could you anticipate in the future,” Mehta told The Shib Daily. The Shib Magazine distributes thousands of free NFTs every week in the form of magazine covers. - [Tangem Launches Japanese Telegram Channel, SHIB Holders to Receive Updates in Native Language](https://news.shib.io/2024/05/31/tangem-launches-japanese-telegram-channel-shib-holders-to-receive-updates-in-native-language/): Tangem, a leading provider of secure cryptocurrency hardware wallets, has expanded its community outreach efforts by launching a dedicated Japanese-language Telegram channel. The strategic move aims to foster better communication with the growing Japanese-speaking audience, providing timely updates, educational content, and a platform to engage directly with the Tangem team. “We launched a Japanese Telegram channel to engage with our Japanese users in their native language directly, ensuring they feel comfortable and well-informed about our updates and activities. This move is part of our broader mission to stimulate mass crypto adoption, offering user-friendly and easy-to-use products, and communication in our - [Crypto Election Drama: TRUMP Token Plummets After Guilty Verdict, Jeo Boden Surges](https://news.shib.io/2024/05/31/crypto-election-drama-trump-token-plummets-after-guilty-verdict-jeo-boden-surges/): In a striking turn of events, the TRUMP coin has plummeted 35% Friday following a New York jury’s guilty verdict against former U.S. President Donald Trump on all 34 counts of falsifying business records. The unprecedented conviction, making Trump the first U.S. ex-president to be convicted of a felony, has sent shockwaves through both the political and cryptocurrency landscapes. Conversely, the Jeo Boden token, a meme coin inspired by current President Joe Biden, surged 20% in the wake of the news. This stark contrast between the two tokens’ fortunes highlights the volatile and reactive nature of the burgeoning crypto market - [Shiba Inu's Marketing Lead Warns Against Celebrity-Fueled Crypto Frenzy](https://news.shib.io/2024/05/31/shiba-inus-marketing-lead-warns-against-celebrity-fueled-crypto-frenzy/): Shiba Inu (SHIB) has captured the hearts (and wallets) of many crypto enthusiasts. However, Lucie, the marketing lead for Shiba Inu, is now raising concerns about a different kind of frenzy: celebrity-endorsed cryptocurrencies. Lucie recently issued a stark warning via social media, urging investors to tread cautiously when it comes to digital tokens backed by famous faces. The Rise of Celebrity Coins The past few months have seen a surge in celebrity-themed cryptocurrencies. From musicians and athletes to actors and social media influencers, a growing number of A-listers are jumping on the crypto bandwagon, promoting or launching their own digital - [Ethereum ETF Approval: Cathie Wood Sparks Controversy, Hints at Political Play](https://news.shib.io/2024/05/30/ethereum-etf-approval-cathie-wood-sparks-controversy-hints-at-political-play/): ARK Invest CEO Cathie Wood stirred controversy by suggesting the recent approval of Ethereum Exchange-Traded Fund (ETF) proposals may have been driven by political considerations rather than standard regulatory procedures, citing a lack of communication from the SEC and former President Trump’s growing affinity for cryptocurrencies. Wood, known for her bullish stance on cryptocurrencies, expressed surprise and skepticism at the Ethereum ETF approval, stating that there were no prior indications from the U.S. Securities and Exchange Commission (SEC) that it was forthcoming. She said that the industry consensus was against approval and the lack of communication from the SEC raised - [Crypto Genius Buterin Fights For Tornado Cash Developers' Freedom Amid Regulatory Crackdown](https://news.shib.io/2024/05/30/crypto-genius-buterin-fights-for-tornado-cash-developers-freedom-amid-regulatory-crackdown/): Amid a regulatory crackdown on cryptocurrency privacy tools, Ethereum co-founder and crypto genius Vitalik Buterin has stepped up to champion the cause of Tornado Cash developers facing legal battles, donating a significant sum to their defense fund and reigniting the debate on privacy rights in the digital age. Data from Ethereum blockchain explorer Etherscan showed that Buterin donated a substantial 30 ETH (approximately $111,000) to a legal defense fund for Tornado Cash developers. The fund, established through Juicebox, aimed to support Alexey Pertsev and Roman Storm, who were facing legal challenges for their alleged role in facilitating illicit activities through - [Shiba Inu Perpetual Futures Now Live on Coinbase International Exchange and Coinbase Advanced](https://news.shib.io/2024/05/30/shiba-inu-perpetual-futures-now-live-on-coinbase-international-exchange-and-coinbase-advanced/): Shiba Inu (SHIB) has gained another layer of accessibility for traders today as Coinbase International Exchange and Coinbase Advanced launched perpetual futures for the popular decentralized cryptocurrency. Coinbase International Exchange and Coinbase Advanced began offering perpetual futures for SHIB starting today. This marks a significant development for the Shib ecosystem, potentially increasing accessibility and attracting new investors with a taste for leveraged trading. Perpetual futures contracts are financial instruments that track the underlying asset (in this case, SHIB) but don’t have a fixed settlement date. Traders can now speculate on SHIB’s price movements in more ways than just traditional spot - [Vanguard Holds Firm Against Ethereum ETFs Amid Industry Rush](https://news.shib.io/2024/05/30/vanguard-holds-firm-against-ethereum-etfs-amid-industry-rush/): Despite the growing frenzy surrounding Ethereum ETFs, investment giant Vanguard is standing firm on its decision not to offer spot Ethereum ETFs on its brokerage platform. This move comes even as competitors rush to capitalize on the burgeoning crypto market, highlighting Vanguard’s cautious approach to digital assets. Nate Geraci, president of ETF Store, shared on X (Twitter) that Vanguard will not offer spot Ethereum ETFs on its brokerage platform. This information aligns with Vanguard’s previous stance on not offering spot Bitcoin ETFs and their cautious approach towards cryptocurrency investments. Expert Weighs In on Vanguard’s Decision Bloomberg Intelligence ETF analyst Eric - [Gemini Returns $2.18 Billion to 'Earn' Users: Unprecedented Recovery After 18-Month Withdrawal Pause](https://news.shib.io/2024/05/30/gemini-returns-2-18-billion-to-earn-users-unprecedented-recovery-after-18-month-withdrawal-pause/): Cryptocurrency exchange Gemini announced on Wednesday the distribution of $2.18 billion worth of digital assets to users of its Earn program. This comes after an 18-month suspension of withdrawals, following the collapse of its lending partner, Genesis Global Capital, amid the fallout from the FTX crisis. The repayment marks a significant recovery for users who had their assets locked in the Earn program, with the reimbursement representing a 232% recovery rate. Tyler and Cameron Winklevoss, co-founders of Gemini, said this unprecedented outcome is due to a series of settlements and contributions aimed at making defrauded investors whole again. “Today, Earn - [Shiba Inu and Altcoins Set for $1 Trillion Altseason Boom, Says Seasoned Crypto Investor](https://news.shib.io/2024/05/30/shiba-inu-and-altcoins-set-for-1-trillion-altseason-boom-says-seasoned-crypto-investor/): Seasoned crypto investor Jelle, who uses the X handle @CryptoJelleNL, sent a wave of excitement coursing through the crypto-verse with his recent tweet: “#Altcoins are about to remind everyone what a real bull market looks like. We have seen nothing yet.” Jelle’s prediction hinges on the possibility of a full-blown alt season, a period where altcoins (alternative coins to Bitcoin) experience a significant surge in price and market dominance, potentially leading to a $1 trillion boom. The bullish sentiment comes amid a strong performance by Shiba Inu (SHIB) surpassing Cardano (ADA) in market capitalization. Notably, after a prolonged crypto winter, - [Shiba Inu Explodes Into Top 8 Crypto Rankings Amid 169% Trading Volume Surge](https://news.shib.io/2024/05/30/shiba-inu-explodes-into-top-8-crypto-rankings-amid-169-trading-volume-surge/): Shiba Inu, the dog-themed cryptocurrency that emerged as a playful meme, has unleashed a ferocious rally, catapulting itself into the ranks of the top 10 cryptocurrencies by market capitalization. This meteoric rise, marked by a staggering 169% surge to over 5 trillion SHIB tokens traded, has propelled SHIB to the 8th spot by 24-hour volume on CoinMarketCap, solidifying its position as a major player in the dynamic and growing crypto landscape. On Wednesday, Shiba Inu experienced an extraordinary surge in daily transaction volume, reaching a staggering 5.354 trillion SHIB estimated to be valued at more than $132 million. This remarkable - [ChewySwap Expands Accessibility with Multilingual Dapp on Shibarium](https://news.shib.io/2024/05/30/chewyswap-expands-accessibility-with-multilingual-dapp-on-shibarium/): ChewySwap, a decentralized exchange (DEX) built on the Shibarium layer-2 blockchain, has taken a significant step towards inclusivity by introducing a multilingual dapp (decentralized application). This update allows users to navigate the platform and swap tokens in their native language, removing a potential barrier for non-native English speakers. With the new feature, ChewySwap now supports a total of 28 languages. Users can easily switch between languages using the globe icon located in the top right corner of the dapp interface. This functionality caters to a wider global audience, fostering a more accessible and user-friendly experience for cryptocurrency enthusiasts worldwide. ChewySwap - [Meme Coins to Lead the Market? Crypto Expert Makes Bullish Call](https://news.shib.io/2024/05/30/meme-coins-to-lead-the-market-crypto-expert-makes-bullish-call/): Once dismissed as mere internet jokes, meme coins are now capturing the attention of investors and reshaping the landscape. A prominent crypto expert tweeted about this paradigm shift Wednesday, asserting that meme coins are no longer the last rung of desirability. Instead, they are leading the charge. Andrew Kang, co-founder of Mechanism Capital, a crypto-focused venture capital firm, made a bold statement saying, “Meme coins pumping are no longer indicators of local tops because meme coins are no longer the last rung of desirability as a sector. In fact, they are the sector that new capital allocators believe in the - [BlackRock's Ethereum ETF Filing Raises Anticipation of Summer Launch](https://news.shib.io/2024/05/30/blackrocks-ethereum-etf-filing-sparks-anticipation-of-summer-launch/): BlackRock, the world’s leading asset management firm, has ignited a wave of optimism in the cryptocurrency market by filing its S-1 registration statement for a spot Ethereum Exchange-Traded Fund (ETF) with the U.S. Securities and Exchange Commission (SEC). This step signals a remarkable progression towards the launch of a spot Ethereum ETF, a development that has set the crypto world abuzz with anticipation. The development came hot on the heels of similar filings by Grayscale, Bitwise, and other major players in the financial sector. The move highlighted the firm’s intent to launch the iShares Ethereum Trust, potentially as early as - [Shiba Eternity Nears P2E? V1.2.8 Now Live With Major Boshi Balancing and New Abilities](https://news.shib.io/2024/05/30/shiba-eternity-nears-p2e-v1-2-8-now-live-with-major-boshi-balancing-and-new-abilities/): Shiba Eternity could be edging closer to its Play-to-Earn (P2E) model with the release of version 1.2.8. This latest update, rolled out by Shiba Inu Games, focuses on significant balancing of Boshi powers, introducing new abilities, and enhancing overall gameplay.  The update, which went live this week, brings a wealth of optimizations to the collectible card game Shiba Eternity. Players can now enjoy a more strategic and balanced Dogjo environment, thanks to meticulous adjustments and improvements implemented in version 1.2.8. This update is designed to enhance gameplay by addressing community feedback, ensuring fairer matches, and introducing new abilities that enrich - [Shibarium Bridge Enhancements Decrease BONE Transfer Time from 7 Days to 45 Minutes](https://news.shib.io/2024/05/29/shibarium-bridge-enhancements-decrease-bone-transfer-time-from-7-days-to-45-minutes/): Shibarium, Shiba Inu’s layer-2 (L2) scaling solution, has just made improvements to its bridge to Ethereum, drastically reducing the time it takes to transfer BONE tokens between the networks, according to the Shiba Inu development team. Previously, users had to wait 7 days for their BONE tokens to be transferred from Shibarium to Ethereum. The week-long lock-in period was designed to keep users engaged on Shibarium for longer periods of time in order to support token value. However, in a move to enhance user experience and efficiency while ensuring network stability, Shibarium has now reduced the bridge time from 7 - [Shib Eyes Wall Street](https://news.shib.io/2024/05/29/shib-eyes-wall-street/): Read the latest edition of The Shib magazine here. - [Mastercard Simplifies Crypto Transactions with 'Crypto Credential'](https://news.shib.io/2024/05/29/mastercard-simplifies-crypto-transactions-with-crypto-credential/): Mastercard has taken a significant leap in simplifying cryptocurrency transactions with the launch of its Crypto Credential, a groundbreaking initiative that allows users to send and receive digital assets using simple usernames instead of complicated wallet addresses. This innovation announced Wednesday marks a new era in the crypto space, making transactions more accessible and secure for users worldwide. Mastercard’s Crypto Credential initiative, announced in April last year, is designed to streamline cryptocurrency transactions by enabling users to utilize easy-to-remember aliases rather than traditional and often cumbersome blockchain addresses. This significantly reduces the potential for errors, enhancing user experience and boosting - [Ripple Pours $25 Million into Crypto-Focused Super PAC Fairshake](https://news.shib.io/2024/05/29/ripple-pours-25-million-into-crypto-focused-super-pac-fairshake/): In a move that has caught the attention of both crypto enthusiasts and skeptics alike, payments giant Ripple on Wednesday announced a $25 million donation to Super PAC committed to supporting pro-crypto, pro-innovation political candidates during the 2024 elections. This is Ripple’s second contribution to Fairshake within a year, doubling its total contribution to the super PAC to $50 million. With this, Ripple has become its largest donor, swelling the crypto industry’s war chest to over $110 million. CEO Brad Garlinghouse emphasized that Ripple’s contributions to Fairshake are part of its broader efforts to educate voters on crypto’s future role and - [UK Digital Bank to Ban Crypto Transactions Starting Thursday](https://news.shib.io/2024/05/29/uk-digital-bank-to-ban-crypto-transactions-starting-thursday/): London-based challenger bank Kroo has announced a ban on all cryptocurrency related transactions for its customers, effective Thursday. The bank’s updated terms and conditions specify that this measure aims to “help keep user accounts and money safe.” Kroo’s new policy states that it will stop processing bank transfers or card payments associated with crypto asset providers. Additionally, the bank will freeze or restrict accounts used to purchase or trade cryptocurrencies and potentially block accounts that receive funds from crypto transactions. “If we detect such activity, we will not process the payments involved, and if you persistently make such transactions, we - [Shiba Inu Soars: Shytoshi Kusama Reacts to Positive Market Outlook](https://news.shib.io/2024/05/29/shiba-inu-soars-shytoshi-kusama-reacts-to-positive-market-outlook/): The Shiba Inu (SHIB) community is abuzz with positive developments, including a recent price surge, bullish market projections, and a well-known investor’s renewed support.  The news comes as pseudonymous Shiba Inu’s lead developer, Shytoshi Kusama, acknowledged a proposed buying strategy from a prominent figure in the cryptocurrency space on X (formerly Twitter). Early Bitcoin Adopter Backs SHIB Davinci Jeremie, a Bitcoin proponent known for his influential 2013 YouTube video, recently shifted his focus to SHIB, advocating for the canine-themed cryptocurrency and proposing a similar investment strategy on X.  Kusama responded to the tweet with a bullish gif. SHIB Price Poised - [Pixelverse: A Cyberpunk Quest with SocialFi Ambitions](https://news.shib.io/2024/05/29/pixelverse-a-cyberpunk-quest-with-socialfi-ambitions/): Pixelverse emerges as a new player in the world of cyberpunk web browser games, featuring quest-based gameplay, social features, and a “risk-to-earn” model. Inspired by the popular Pixels.xyz, Pixelverse is carving its own niche with a focus on accessibility, and social engagement. Pixelverse founders Kori Leon and Mamad shared insights into this groundbreaking project in an interview with The Shib Daily. While inspired by Pixels.xyz, Pixelverse carves its own niche by incorporating social features. “We are quite different,” says Kori Leon, co-founder of Pixelverse. “We don’t just focus on gaming. We’re a SocialFi project.” Mamad, another co-founder, emphasizes their community-driven - [Hong Kong's SFC to Conduct On-Site Inspections of Crypto Platforms Ahead of Key Compliance Deadline](https://news.shib.io/2024/05/29/hong-kongs-sfc-to-conduct-on-site-inspections-of-crypto-platforms-ahead-of-key-compliance-deadline/): Hong Kong’s ambition to establish itself as a premier cryptocurrency hub is facing a critical test as the Securities and Futures Commission (SFC) prepares for on-site inspections of crypto trading platforms. This comes ahead of a compliance deadline on June 1. By this date, all virtual asset trading platforms (VATPs) operating in Hong Kong must either be fully licensed or hold a temporary “deemed-to-be-licensed” status, pending full compliance. The SFC’s inspections aim to ensure that these platforms meet stringent regulatory standards, particularly in safeguarding client assets and adhering to KYC protocols. Failure to comply with these regulations beyond the deadline - [Shiba Inu Surpasses Cardano, Breaks Into Top 10 Cryptocurrencies Amid Double-Digit Rally](https://news.shib.io/2024/05/29/shiba-inu-surpasses-cardano-breaks-into-top-10-cryptocurrencies-amid-double-digit-rally/): Shiba Inu (SHIB) has surged past Cardano (ADA) to secure a spot among the top 10 cryptocurrencies by market capitalization. This impressive feat, marked by a double-digit rally with SHIB’s value increasing by 14.54% in the past week, highlights the growing investor enthusiasm and the expanding ecosystem behind the popular meme coin.  Shiba Inu now ranks 10th with a market capitalization of $16.71 billion, just ahead of Cardano’s $16.45 billion, based on the latest data from CoinMarketCap. The surge in Shiba Inu’s value can be attributed to several factors, including increased investor interest, recent technological developments, and broader market trends - [Early Bitcoin Adopter Davinci Jeremy Shills Shiba Inu, Predicts 109% SHIB Surge](https://news.shib.io/2024/05/29/early-bitcoin-adopter-davinci-jeremy-shills-shiba-inu-predicts-109-shib-surge/): Early Bitcoin adopter and renowned crypto analyst Davinci Jeremy has ignited excitement among Shiba Inu (SHIB) investors with his latest video, predicting a bullish breakout. Davinci, who gained fame for his prescient advice, confidently asserts that despite recent dips, Shiba Inu is set for a significant surge, potentially reaching $0.00002853—an increase of over 109% from its current price. In a video that spans less than 30 seconds, Davinci said, “I told you guys to buy Shiba. Now you want to know, okay, pumped, made some money. What do we do now? It’s going down, right? Well, I’m telling you, once - [Salame's Cryptic X Posts Following 7.5-Year Sentence for Illegal Political Contributions Spark Speculation](https://news.shib.io/2024/05/29/salames-cryptic-x-posts-following-7-5-year-sentence-for-illegal-political-contributions-spark-speculation/): Following his prison sentence for illegal political contributions, the cryptic and introspective X posts of Ryan Salame, former co-CEO of FTX Digital Markets, have ignited a storm of speculation within the cryptocurrency community. With each enigmatic update, Salame offers a window into his mindset, sparking discussions about resilience, accountability, and the complexities of navigating the legal landscape in the digital age.  Salame, a close associate of disgraced FTX founder Sam Bankman-Fried, was sentenced to to a seven and a half years in prison on Tuesday for his role in illegal political contributions and operating an unlicensed money-transmitting business. U.S. District - [Stunning Reversal: SEC's Debt Box Case Crumbles, Court Orders Regulator To Pay $1.8M](https://news.shib.io/2024/05/29/stunning-reversal-secs-debt-box-case-crumbles-court-ordes-agency-to-pay-1-8m/): The U.S. Securities and Exchange Commission’s (SEC) case against the cryptocurrency company Debt Box has, in a stunning reversal, crumbled, with the agency being fined $1.8 million for abuse of power. The U.S. District Court for the District of Utah issued this landmark ruling, highlighting “bad-faith misconduct” by the SEC in its regulatory actions against Debt Box. This decision marks a major victory for the cryptocurrency industry, reinforcing the importance of fairness and integrity in regulatory practices. The order was issued by Judge Robert Shelby, who found that the SEC engaged in bad faith conduct in obtaining and defending a - [K9 Finance's Historic Burn of 410M $KNINE is Scheduled for May 31](https://news.shib.io/2024/05/28/k9-finances-historic-burn-of-410m-knine-is-scheduled-for-may-31/): In a groundbreaking move, K9 Finance will burn a staggering 410 million KNINE tokens, marking a significant milestone for the project. The burn, scheduled for May 31, pays homage to Ethereum co-founder Vitalik Buterin’s audacious SHIB token burn three years ago, which sent shockwaves through the crypto space. This burn paves the way for $KNINE to become a deflationary token, meaning the circulating supply will continue to decrease over time, potentially positively impacting the token’s long-term value. Also, with a reduced overall supply, the percentage ownership of existing $KNINE holders automatically increases. Vitalik Buterin’s SHIB Burn: A Turning Point On - [Shibarium Airdrop Alert: Active Users to Receive Exclusive Rewards](https://news.shib.io/2024/05/28/shibarium-fuels-excitement-with-upcoming-airdrop-for-active-users/): Shiba Inu’s Layer 2 blockchain, Shibarium, is poised for great excitement with news of a forthcoming airdrop. The news comes from a conversation between Lucie, Shiba Inu’s marketing lead, and Buzz, the pseudonymous founder of K9 Finance, a project partnering with Shiba Inu and built on Shibarium. According to Lucie, the airdrop will reward users for participating in the Shibarium ecosystem. This includes bridging assets to Shibarium, actively using the network for transactions, and holding specific tokens like $LEASH and K9 Finance’s $KNINE. The more involved you are, the bigger your share of the free token pool will be. “I’m - [Mt. Gox Transfers $9B in Bitcoin Amid Repayment Plans; Market Sinks](https://news.shib.io/2024/05/28/mt-gox-transfers-9b-in-bitcoin-amid-repayment-plans-market-sinks/): Wallets associated with the defunct Bitcoin exchange Mt. Gox transferred over 140,000 BTC, valued at approximately $9 billion, to an unknown address early Tuesday. This development is believed to be part of the exchange’s long-awaited plan to repay creditors by October 31. But the substantial transfer has triggered market anxiety, resulting in a 1.4% decline in Bitcoin’s value, which fell to as low as $67,680 after peaking at over $70,000 on Monday. Mt. Gox, once the largest Bitcoin exchange globally, collapsed in 2014 following a massive hack that led to the loss of hundreds of thousands of BTC. Since then, - [Shiba Inu Flips AVAX, Outperforms Bitcoin, Ethereum, Other Major Cryptocurrencies in 24-Hour Surge](https://news.shib.io/2024/05/28/shiba-inu-flips-avax-outperforms-bitcoin-ethereum-other-major-cryptocurrencies-in-24-hour-surge/): Shiba Inu ($SHIB) has once again captured headlines with a remarkable surge in its price performance, in the fast-paced world of cryptocurrencies.  $SHIB not only flipped Avalanche (AVAX) but also outperformed Bitcoin (BTC), Ethereum (ETH), and eight other major altcoins in a whirlwind 24-hour period. At the time of writing, Shiba Inu’s price stands at $0.00002559, marking a significant 4.82% increase in the past 24 hours. This surge propelled $SHIB’s market cap to $15,081,434,439, with a trading volume of $926,837,349 and a circulating supply of 36,399,180,323,837 SHIB, latest data from CoinMarketCap showed. The standout performance of Shiba Inu in the - [Dormant Shiba Inu Trader Strikes Gold: $SHIB Nets Massive Profit](https://news.shib.io/2024/05/28/dormant-shiba-inu-trader-strikes-gold-shib-nets-massive-profit/): A previously inactive diamond-handed trader, in a remarkable turn of events, has made headlines by selling a substantial amount of $SHIB tokens for a staggering profit. After a prolonged period of dormancy spanning around 3.5 years, the trader’s patience and foresight paid off, resulting in a significant financial windfall, the transaction now etched in the annals of successful Shiba Inu investors. When critics dismiss Shiba Inu as a “shitcoin,” the dedicated Shib Army rises in defense, pointing to the altcoin’s impressive track record of creating millionaires. This dog-themed cryptocurrency, far from being a mere meme, has sparked a financial movement, - [K9 Finance Expands Horizon, $KNINE Listed on LBank](https://news.shib.io/2024/05/28/k9-finance-expands-horizon-knine-listed-on-lbank/): $KNINE, the native token of K9 Finance DAO, in an exciting development for the crypto community, has been listed on LBank. This strategic move marks a significant milestone, enhancing the token’s accessibility and visibility within the cryptocurrency market. LBank, a cryptocurrency exchange, announced on X (formerly Twitter) Monday, the listing of $KNINE, just days after the token’s debut on CoinW. The tweet, which generated considerable buzz, showcased LBank’s commitment to expanding its roster with promising digital assets. The announcement on LBank’s official website detailed the specifics of the listing. According to the crypto exchange, $KNINE will be listed on the - [XRP Awaits Crucial SEC Ruling Amid ETF Hopes and Relistings](https://news.shib.io/2024/05/27/xrp-awaits-crucial-sec-ruling-amid-etf-hopes-and-relistings/): The XRP community finds itself at a crucial juncture, as Ripple Labs, the entity behind XRP, anticipates a ruling in its prolonged legal battle with the U.S. Securities and Exchange Commission (SEC). The lawsuit, which has been ongoing since December 2020, accuses Ripple of conducting an unregistered securities offering worth $1.3 billion through the sale of XRP tokens. The court’s decision, initially expected this month, remains pending, leaving investors in a state of anxious anticipation. In the midst of this legal uncertainty, a recent poll conducted by a Ripple validator indicates that 65% of respondents believe an XRP Exchange-Traded Fund - [Shibarium Tech Discord Launches Special ShibaSwap Feature](https://news.shib.io/2024/05/27/shibarium-tech-discord-launches-special-shibaswap-feature/): The Shibarium Tech Discord has launched a dedicated ShibaSwap subcategory, aimed at fostering community interaction and developer engagement. This initiative highlights Shiba Inu’s commitment to creating a more interactive and supportive ecosystem for its users and developers. In a recent announcement, DaVinci, the pseudonymous administrator of Shibarium Tech’s Discord and Telegram channels, revealed a significant update for the Shiba Inu community. Shared on X (formerly Twitter) by Shib Army @Sand_ShibArmy, the update introduced a new ShibaSwap subcategory under Shibarium on Discord. “We created a ShibaSwap subcategory under Shibarium on the Discord #shibaswap & | ss-developers-token-owners, which will include two different - [Shiba Inu Could See Over 200% Price Surge by Next Month, Chart Signals Potential Breakout](https://news.shib.io/2024/05/27/shiba-inu-could-see-over-200-price-surge-by-next-month-chart-signals-potential-breakout/): Shiba Inu ($SHIB) could experience a dramatic price surge of over 200% by next month, according to a recent prediction, while a critical chart pattern signals a potential breakout, capturing the attention of traders and investors. As SHIB approaches this pivotal moment, market sentiment and predictive indicators point toward significant upward momentum for the world’s second-largest meme coin. Chart Analysis Indicates Potential Breakout The SHIB/USDT trading pair, shared by a Trading View market trader who uses the handle ashishhc, showed the trading pair consolidating within a descending triangle pattern, a formation typically considered bearish. However, current chart analysis suggests the - [Shibarium Just Saw a Double-Digit Surge in Transaction Volume and Fees](https://news.shib.io/2024/05/27/shibarium-just-saw-a-double-digit-surge-in-transaction-volume-and-fees/): Shibarium, the layer-2 blockchain solution for the Shiba Inu ecosystem, has witnessed a remarkable double-digit surge in transactions and fees. This uptick underscores the growing interest and activity within the Shiba Inu community, as investors navigate the evolving crypto landscape. The Shibarium network recorded an unprecedented rise in transaction volume, jumping from 5,150 to 7,930 transactions, reflecting a notable 60% growth, data from Shibariumscan showed. This surge was a testament to the increasing engagement and activity within the Shiba Inu ecosystem. Alongside the rise in transactions, the fees on the Shibarium network also surged. The amount of BONE tokens used - [Silk Road Founder Ross Ulbricht Reacts to Donald Trump's Campaign Promise](https://news.shib.io/2024/05/27/silk-road-founder-ross-ulbricht-reacts-to-donald-trumps-campaign-promise/): Ross Ulbricht, the founder of the Silk Road marketplace, in a dramatic turn of events, expressed heartfelt gratitude after former President Donald Trump pledged to commute his life sentence if re-elected. Speaking at the Libertarian National Convention on Saturday, Trump’s promise to free Ulbricht, who has spent 11 years in prison, was met with overwhelming cheers, resonating deeply with Ulbricht’s supporters who have long argued that his punishment was excessively harsh. Ulbricht conveyed his deep appreciation for the support he has received over the years and his reaction to Trump’s pledge in a heartfelt tweet over the weekend. “Last night, - [LEASH Sees Double-Digit Surge, Gains Use Case Through Precipitate](https://news.shib.io/2024/05/27/leash-sees-double-digit-surge-gains-use-case-through-precipitate/): $LEASH, the “Doge-Killer” token of the Shiba Inu cryptocurrency project, has experienced a significant double-digit surge since Friday. The spike took place while the token gained a new use case through Precipitate, an innovative IaaS company at the intersection of AI and blockchain technology. This surge reflects growing investor confidence and the expanding utility of $LEASH in the rapidly evolving crypto market. Over the weekend, the official X account of Precipitate Protocol, the first Infrastructure-as-a-Service (IaaS) company serving the nexus of AI and public blockchains, announced its decision to grant $LEASH a second chance as a payment option in Governance - [CoinGecko Elevates $KNINE: Joins DeFi, Governance & Meme Categories](https://news.shib.io/2024/05/26/coingecko-elevates-knine-joins-defi-governance-meme-categories/): CoinGecko, in a groundbreaking move that signals a new era for $KNINE, has elevated the crypto sensation by welcoming it into the prestigious DeFi, Governance, and Meme categories. This strategic positioning not only amplifies $KNINE’s visibility and market appeal but also sets the stage for a surge in investor interest and institutional recognition, propelling it to the forefront of the digital asset revolution. In an announcement over the weekend, K9 Finance DAO revealed a pivotal development for the project as CoinGecko’s decision to include $KNINE marked a significant milestone. This move, as highlighted by K9 Finance, increases visibility, aggregates research, - [Trump Vows Crypto Leadership and Freedom for Silk Road Creator at Libertarian Convention](https://news.shib.io/2024/05/26/trump-vows-crypto-leadership-and-freedom-for-silk-road-creator-at-libertarian-convention/): Former President Donald J. Trump, in a striking and fervent address at the Libertarian National Convention, vowed to position the United States as a global leader in cryptocurrency while pledging to commute the sentence of Silk Road creator Ross Ulbricht if elected.  Promising to protect the rights of America’s 50 million crypto holders from governmental overreach and to keep regulatory advocates like Sen. Elizabeth Warren at bay, Trump rallied the crowd with a powerful commitment to financial freedom and innovation, underscoring his alignment with Libertarian values and his strategic bid to secure support from the growing crypto community. Just days - [Weekly Meme Digest: The 'Winningest' Edition Yet! - May 25, 2024](https://news.shib.io/2024/05/25/weekly-meme-digest-the-winningest-edition-yet/): 👋 Greetings, Shibizens and Cryptonauts! 🌟 Buckle up for a meme odyssey that’s more thrilling than finding Wi-Fi in the wilderness! 🎢🌲 This week’s “So Much Winning” edition is brimming with guffaws and glory. Let’s leap into the meme madness and surf the high tide of this week’s triumphs. 🍿🥤 👑 Crypto’s Crowning Glory 👑 Drop everything and let the digital confetti cannon loose! The crypto kingdom had a week that’ll be remembered longer than your favorite meme. The FIT 21’s bill’s home run in Congress and the SEC’s nod to Ethereum ETFs have us moonwalking in celebration. It’s as - [The Great Bitcoin Bite: Celebrating (and Slightly Mourning) 10K Bitcoins for 2 Pizzas](https://news.shib.io/2024/05/25/the-great-bitcoin-bite-celebrating-and-slightly-mourning-10k-bitcoins-for-2-pizzas/): May 22nd isn’t just a day for beach bods and backyard barbecues – it’s Bitcoin Pizza Day! This quirky holiday commemorates the first-ever real-world purchase using Bitcoin, a transaction that’s become as legendary as it is slightly regrettable. In 2010, programmer Laszlo Hanyecz, fueled by an entrepreneurial spirit and a craving for cheesy goodness, embarked on a mission to buy two large pizzas with Bitcoin. Back then, Bitcoin was a fledgling digital currency, more akin to a tech experiment than a mainstream payment method. Undeterred, Hanyecz offered a whopping 10,000 BTC for the pizzas, a price tag that would have - [Telegram's Mini-Apps Go Viral: From Messaging to Hamster CEOs, Millions Flock to Play](https://news.shib.io/2024/05/25/telegrams-mini-apps-go-viral-from-messaging-to-hamster-ceos-millions-flock-to-play/): Move over Farmville, there’s a new sheriff in town, and it lives within your favorite messaging app. Telegram’s mini-apps, bite-sized programs that run directly within the platform, are experiencing a meteoric rise, fueled by a surprising culprit: web3 games. Imagine running a company with just a tap or two. That’s the premise behind one wildly popular mini-app, “Hamster Kombat.” Players delve into the hilarious (and possibly relatable) world of corporate leadership, tackling everything from hiring sprees to pesky licensing issues. This seemingly simple game has garnered a whopping 19 million daily active users, with nearly 3 million joining the hamster - [The Final Woof: Remembering Kabosu, the Heart of the Dog-Themed Meme Coins 🌟🐾](https://news.shib.io/2024/05/25/the-final-woof-remembering-kabosu-the-heart-of-the-dog-themed-meme-coins-%f0%9f%8c%9f%f0%9f%90%be/): 🐾 One dog’s face has remained etched in our hearts and screens in the vast expanse of the internet, where memes come and go in the blink of an eye. Kabosu, the Shiba Inu who unwittingly became the face of the Doge meme, has left us. As we mourn the loss of this four-legged icon, we look back at the paw prints she left on our digital lives. 🐕💔 Kabosu’s story began in an animal shelter, a tale of rescue and second chances. Her expressive, quizzical face captured the heart of a Japanese kindergarten teacher, who could not have known - [Speaker Pelosi’s FIT 21 Bill Vote: Crypto Shockwaves 🎉💼](https://news.shib.io/2024/05/25/speaker-pelosis-fit-21-bill-vote-crypto-shockwaves-%f0%9f%8e%89%f0%9f%92%bc/): Speaker Emerita Nancy Pelosi has done it again, folks! In a surprising twist, she voted in favor of the FIT 21 bill, much to the shock and dismay of her senior Democratic colleagues. It’s like watching the high school principal join the rebel kids in a cafeteria food fight. 🍕🎉 Navigating the Crypto Waters 🚤💰 Pelosi, often dubbed the biggest player in the stock market game (allegedly, of course), has now dipped her toes into the crypto pool. Her support for the bill has been met with a chorus of sarcasm and disbelief. One expert quipped, “This isn’t about supporting - [So Your Government Thinks It Can Fool You? No to CBDC!](https://news.shib.io/2024/05/25/so-your-government-thinks-it-can-fool-you-no-to-cbdc/): Guess what, folks? The U.S. House of Representatives just passed a bill to stop the Fed from making their own digital currency without permission from Congress. 💱 You know what they say … nothing says control like Congress holding the keys to the digital money vault. 💵💼 So 216 members said “heck yes” to the CBDC Anti-Surveillance State Act, while 192 of them were like, “Nope, thanks but no thanks.” It was like a game of political musical chairs, except instead of sitting down, they were deciding the fate of our digital wallets. 👜💰💲 But before you get all worked - [Crypto Coaster: The Wild ETF Bonanza Ride 🎢🚀](https://news.shib.io/2024/05/25/crypto-coaster-the-wild-etf-bonanza-ride-%f0%9f%8e%a2%f0%9f%9a%80/): The world of ETFs has always been a rollercoaster, but the recent developments in the crypto market have turned it into an outright bonanza. 🎡🤹‍♂️ Investors and experts alike are struggling to keep up as the market experiences unprecedented shifts and surprises. 🌪️📉📈 It all started in January with the highly anticipated approval of the first Bitcoin ETF. 🥇🎉 This milestone was celebrated as a major victory for the cryptocurrency world, signaling mainstream acceptance and promising to bring in a wave of new investors. 🌊💰 Investors rejoiced but also very quickly moved on to requesting ETH ETFs. 🥳➡️🧠 Almost immediately - [Crypto FOMO Reaches Climax: Jeff Bezos Reportedly Offloads $8.5B In Amazon Stocks For Bitcoin](https://news.shib.io/2024/03/01/crypto-fomo-reaches-climax-jeff-bezos-reportedly-offloads-8-5b-in-amazon-stocks-for-bitcoin/): Jeff Bezos, the visionary founder and former president and CEO of Amazon, has ignited a flurry of excitement in the cryptocurrency realm this week. Speculation abounds as rumors suggest that the influential entrepreneur hasn’t merely dabbled in the burgeoning world of digital assets but has taken a decisive leap with a billion-dollar investment in Bitcoin. While Amazon has long been rumored to explore various ventures in the cryptocurrency sphere, such as Non-Fungible Tokens (NFTs) and blockchain technology, this marks the first instance where Bezos himself is directly linked to the industry. Reports indicate that he may have even liquidated a - [Crypto Market Regains Footing After Coinbase Outage](https://news.shib.io/2024/03/01/crypto-market-regains-footing-after-coinbase-outage/): The cryptocurrency market faced significant volatility Wednesday as several major exchanges including Coinbase, Robinhood, and Kraken experienced service interruptions. This coincided with a surge in the price of Bitcoin, which reached nearly $64,000 before seeing a sharp drop. Coinbase Outage Causes Temporary Panic A technical issue on Coinbase, one of the world’s largest crypto exchanges, led to a temporary display of zero account balances for users. This triggered panic selling, driving the price of Bitcoin down from $64,000 to $59,000 within a 15-minute window, according to The Kobeissi Letter. The fall represented a nearly 9% drop in market value and - [Crypto Super PAC Close To Knocking Out Progressive Katie Porter From Senate Race](https://news.shib.io/2024/03/01/crypto-super-pac-could-be-close-to-knocking-out-progressive-katie-porter-from-senate-race/): The gloves are off. The crypto industry is finally moving on politicians who have been trying to stifle its growth and vision. One such battle is between crypto industry-backed Super PAC Fairshake and prominent anti-crypto pol Rep. Katie Porter, D-Calif. Porter is a progressive and is already in a tough primary battle with Rep. Adam Schiff, D-Calif., the current favorite; Rep. Barbara Lee, D-Calif.; and Republican Steve Garvey. But California has an open primary system, which will see the top two finishers on March 5 advance to the general election in November. This is where it gets interesting – and - [#SHIBACALS Collection Second Edition](https://news.shib.io/2024/03/01/shibacalls-shibarmystrong/): Our dedicated Shib Team is partnering with expert manufacturers to introduce a diverse range of physical goods including exclusive fashion, high quality toys, travel must-haves and more. - [SHIBA 2023: TEH TLDR](https://news.shib.io/2024/03/01/shiba-2023-teh-tldr/): A full recap of all the events that happened around Shiba Inu in 2023 - [Do Kwon Extradition Snag: SEC Trial Presses On Without CEO's Presence](https://news.shib.io/2024/02/29/kwons-extradition-snag-sec-trial-presses-on-without-ceos-presence/): In February, a pivotal ruling by a Montenegrin court decreed that Do Kwon, the embattled CEO and co-founder of Terraform Labs (TFL), would be extradited to the United States rather than his homeland, South Korea, to face allegations of fraud. Following this judicial ruling, Kwon’s legal team notified a U.S. court that he would be unable to attend the initial hearings of the SEC trial. In a recently submitted document to the court, which served as a status update and not a request for a postponement of the proceedings, Kwon’s legal team explicitly stated that the trial could proceed as - [From Crypto Royalty to Fraudster: SBF Pleas For 6-Year Prison Term After Proposed ‘Grotesque’ 100-Year Sentence](https://news.shib.io/2024/02/29/from-crypto-royalty-to-fraudster-sbf-pleas-for-6-year-prison-term-after-proposed-grotesque-100-year-sentence/): AI image/DALL-E - [In A Strife-Torn World, Bitcoin Is More Trusted Than The US Dollar](https://news.shib.io/2024/02/29/in-a-strife-torn-world-bitcoin-is-more-trusted-than-the-us-dollar/): In a seismic shift within the financial landscape, Bitcoin has ascended to all-time high (ATH) valuations in fourteen countries, collectively representing over one billion people and surpassing $7 trillion in gross domestic product (GDP)–signaling a widespread acceptance and confidence in the cryptocurrency across various economies around the globe. Despite this international bullish trend, the United States stands out as a significant outlier, with BTC yet to surpass its peak prices. Insights shared by former Coinbase Chief Technology Officer Balaji Srinivasan revealed countries that saw Bitcoin hitting a new all-time high price have diverse economic backgrounds. Among these are Argentina, Burundi, - [Bitcoin Shatters $63K Barrier After 2-Year Hiatus; Matrixport Gloomy Warning Casts Shadow](https://news.shib.io/2024/02/29/bitcoin-shatters-63k-barrier-after-2-year-hiatus-matrixport-gloomy-warning-casts-shadow/): Late Tuesday evening, the cryptocurrency market was abuzz with optimism as Bitcoin, the world’s first crypto asset, soared beyond the pivotal $63,000 mark for the first time since November 2021. This remarkable surge, however, was met with a note of caution from Matrixport’s co-founder, who introduced a layer of uncertainty to the otherwise bullish momentum, suggesting a degree of uncertainty in the market’s outlook. In the hours following its ascent past the $61,000 threshold, BTC’s momentum didn’t wane, climbing to a high of $63,000 by early Wednesday morning. This movement marked an impressive 11.48% increase within the day, culminating in - [Shib LSD](https://news.shib.io/2024/02/20/shib-lsd/) - [Slava Shiba!](https://news.shib.io/2024/02/15/slava-shiba/) - [WEN $SHIB ETF?](https://news.shib.io/2024/02/12/wen-shib-etf/): An overview of the Shib CoOp project (its genesis, present, and future), the 5 biggest crypto & data hacks of all time, and a good ol’ investigation about upcoming digital IDs. - [It's Time to Duel!](https://news.shib.io/2024/01/09/its-time-to-duel/): In regard to the earthquake in Japan and its victims, the #Shibarmy must come together and lend a helping hand. - [Shiba 2023: Teh TLDR](https://news.shib.io/2024/01/02/shiba-2023-teh-tldr-2/): A full recap of all the events that happened around Shiba Inu in 2023, a presentation of the upcoming Shibacals drop, a community story from a long-time Shib Army member and Discord moderator that describes his coming-of-age Shiba tale, and finally, a world premiere for The Shib this week as we introduce a Shib cartoon created by a member of the #ShibArmy. - [The First Shiba Inu-Themed Store](https://news.shib.io/2017/11/26/were-not-a-one-to-saddle-up-and-run-bonanza/): Not only that, but Welly is all set to introduce an exciting new brand called “Welly Fresh,” which is dedicated to providing smart and speedy catering options. - [Ethereum Foundation Mailing List Provider Compromised, Hackers Promote Fake Staking Platform with 6.8% APY](https://news.shib.io/2024/06/25/ethereum-foundation-email-list-provider-compromised-confirms-community-manager-users-warned-of-unauthorized-emails/): The email list provider of the Ethereum Foundation was recently compromised, leading hackers to send out unauthorized emails promoting a fake staking platform with a lucrative 6.8% annual percentage yield (APY). Ethereum core developer Tim Beiko confirmed the breach on X (formerly Twitter), warning users not to click on any links sent from the compromised email address, updates@ethereum.org. In a tweet, Beiko stated, “PSA: it seems like the mailing list provider the EF uses for ‘updates@ethereum.org’ has been compromised. We are currently trying to reach @SendPulseCom to resolve the issue. Please don’t click any links sent from that email.” He - [Shiba Inu 'Safer Than Memes, Better Returns Than Mid-Caps': Crypto Trader](https://news.shib.io/2024/06/25/shiba-inu-safer-than-memes-better-returns-than-mid-caps-crypto-trader/): Shiba Inu (SHIB), once dismissed as just another meme coin, has emerged as a surprising contender and was hailed by a prominent crypto trader as a safer alternative to meme coins with the potential for greater returns than many mid-cap cryptocurrencies.  In a recent exchange on X (formerly Twitter), a self-proclaimed full-time crypto and stock trader, @blockchainedbb, shared their insights about SHIB with their substantial following of over 190,000 users. When a follower expressed interest in investing but was hesitant due to their smaller portfolio size, the trader recommended SHIB as a solid starting point. “SHIB is good for people - [Another Millionaire: Shiba Inu Investor Cashes in $8.3M Profit Amid Market Dip](https://news.shib.io/2024/06/25/another-millionaire-shiba-inu-cashes-in-8-3m-profit-amid-market-dip/): Another Shiba Inu investor, in a surprising turn of events, has struck gold, cashing in an impressive $8.3 million profit despite the recent market downturn. This feat underscores the volatile yet lucrative nature of the cryptocurrency market, highlighting how strategic investments can yield substantial rewards even amid broader financial instability. The cryptocurrency industry, known for its extreme volatility, is often seen as a high-risk investment arena. Many believe that making money during a market dip is nearly impossible. However, this notion was recently debunked by a Shiba Inu whale. The savvy Shiba Inu investor defied the recent bearish trend in - [Free at Last: Julian Assange Leaves Prison, Ending 1,901-day Incarceration After Plea Deal](https://news.shib.io/2024/06/25/free-at-last-julian-assange-leaves-prison-ending-1901-day-incarceration-after-plea-deal/): Julian Assange, the founder of WikiLeaks, walked free from Belmarsh maximum security prison on Monday, concluding his 1,901-day incarceration. His release, granted by the High Court in London, followed a plea deal with the U.S. Justice Department in which he agreed to plead guilty to a felony charge of conspiring to unlawfully obtain and disseminate classified national defense information. In a statement posted on X (formerly Twitter), WikiLeaks confirmed that Assange had boarded a plane and left the United Kingdom on Monday. They expressed gratitude for those who supported Assange’s fight for freedom and reiterated the organization’s mission to hold - [ARK's Cathie Wood Explains why Trump Would Be 'Best for the Economy'](https://news.shib.io/2024/06/25/arks-cathie-wood-explains-why-trump-would-be-best-for-the-economy/): In a recent interview with financial analyst and YouTuber Kevin Paffrath, Cathie Wood endorsed Trump for the upcoming presidential election, stating he would be “best for the economy.”  - [LockBit Claims It Hacked the US Federal Reserve](https://news.shib.io/2024/06/25/lockbit-claims-the-hack-of-the-u-s-federal-reserve/): The LockBit ransomware group has claimed to have breached the U.S. Federal Reserve, threatening to release 33 terabytes of sensitive banking information if a ransom was not paid by Tuesday. The group said it had exfiltrated confidential data related to American banking activities. The notorious ransomware group, known for its aggressive tactics and sophisticated attacks across various sectors including healthcare, government, and critical infrastructure, claimed to have breached the U.S. Federal Reserve. LockBit announced on their Tor data leak site that they had exfiltrated 33 terabytes of confidential data related to American banking activities. The Federal Reserve did not immediately - [Mt. Gox Repayments Set to Begin in July: A Decade-Long Wait Nears Its End](https://news.shib.io/2024/06/24/mt-gox-repayments-set-to-begin-in-july-a-decade-long-wait-nears-its-end/): In a long-anticipated development, the trustee of the defunct cryptocurrency exchange Mt. Gox announced today that repayments to creditors will finally commence in early July 2024. This move comes nearly a decade after the Tokyo-based exchange’s abrupt collapse in early 2014, following a massive hack that resulted in the loss of approximately 850,000 BTC. Nobuaki Kobayashi, the Rehabilitation Trustee, confirmed in the notice that the repayments will be made in Bitcoin and Bitcoin Cash (BCH). “We have taken time to ensure safe and reliable repayment to creditors, including technical remedies for safe repayments, compliance with financial regulations in each country, - [Hong Kong Legislative Council Forms Digital Asset Development and Web3 Subcommittee](https://news.shib.io/2024/06/24/hong-kong-legislative-council-forms-digital-asset-development-and-web3-subcommittee/): Hong Kong is positioning itself as a leading hub for Web3 and virtual asset development with the recent establishment of a specialized subcommittee under its legislative council. This proactive step marks a significant stride in aligning Hong Kong’s regulatory framework with the rapid evolution of the global crypto landscape. Johnny Ng, a prominent Hong Kong lawmaker, announced through an X post on Saturday that the Hong Kong Legislative Council has set up a Subcommittee on Web3 and Virtual Asset Development. This committee aims to gather policy feedback from the global Web3 industry to shape future regulations and strategies. Ng emphasized - [Rapper 50 Cent's Account Exploited in Crypto Scam, Hacker Makes Millions](https://news.shib.io/2024/06/24/rapper-50-cents-account-exploited-in-crypto-scam-hacker-makes-millions/): Rapper and entrepreneur 50 Cent, known for his rags-to-riches story, found himself on the other end of the financial spectrum this weekend after his social media accounts were compromised to promote a fraudulent cryptocurrency. The incident highlights celebrities’ growing vulnerability in the crypto world’s wild west. Hackers accessed 50 Cent’s X account and his website, Thisis50.com. They then used these platforms to promote a new cryptocurrency called GUNIT aggressively. The name, a clear reference to the rapper’s G-Unit record label, was likely chosen to create a false association and capitalize on 50 Cent’s massive following. The hackers flooded the accounts - [Shibarium Heats Up: Transaction Fee Explosion Reflects Skyrocketing User Activity](https://news.shib.io/2024/06/24/shibarium-heats-up-transaction-fee-explosion-reflects-skyrocketing-user-activity/): Shibarium, the layer-2 scaling solution for Shiba Inu, experienced a significant surge in activity recently, highlighted by a dramatic increase in transaction fees and a substantial rise in new transactions. This surge in network engagement underscores a growing interest in the Shiba Inu ecosystem and its potential for broader adoption. Transaction fees on Shibarium witnessed a staggering 388.10% increase, rising from 16.22 BONE on June 17 to 78.18 BONE on June 23, based on the data from the blockchain explorer Shibarium Scan. This surge in fees reflects the heightened demand for transactions on the network, indicating increased user activity and - [ARK Invest CEO Cathie Wood Supports Trump for President, Says He Would Be 'Best for the Economy'](https://news.shib.io/2024/06/24/ark-invest-ceo-cathie-wood-president-is-trump-explains-he-would-bebest-for-the-economy/): Cathie Wood, the CEO of ARK Invest, has expressed support for Donald Trump as a potential future President of the United States. This support comes as Trump gains traction in the Republican primaries.  In a recent interview with financial analyst and YouTuber Kevin Paffrath, Wood endorsed Trump for the upcoming presidential election, stating he would be “best for the economy.” Wood highlighted her focus on economic performance and emphasized that her voting decision is driven by economic considerations, aligning with her investment philosophy at ARK Invest. Wood, during the interview, was asked the popular question: “Trump or Biden?” Wood, who - [Football Legend Ronaldinho Rallies for Crypto Mainstream Adoption: 'Who's With Me?'](https://news.shib.io/2024/06/24/football-legend-ronaldinho-rallies-for-crypto-mainstream-adoption-whos-with-me/): Brazilian football icon Ronaldinho Gaúcho has championed the cause of cryptocurrency, calling for its mainstream adoption and inviting his vast global following to join him in embracing the digital asset revolution.  Taking to social media, the legendary athlete posed a simple yet powerful question: “Time for crypto to go mainstream, who’s with me?” This enthusiastic call to action follows Ronaldinho’s recent partnership with Lingo, a reward token platform that leverages real-world assets (RWAs) and blockchain technology. A few days earlier, Lingo announced via X (formerly Twitter) its collaboration with Ronaldinho, welcoming him as their newest brand ambassador. The company aims - [Mark Cuban Falls Prey to Phishing Scam, Gmail Compromised Following Crypto Losses](https://news.shib.io/2024/06/23/mark-cuban-falls-prey-to-phishing-scam-gmail-compromised-following-crypto-losses/): Over the weekend, billionaire entrepreneur and Dallas Mavericks owner Mark Cuban fell victim to a phishing scam that compromised his Gmail account. This latest incident comes just months after he lost $870,000 in a crypto hack, raising questions about the security of even the most tech-savvy individuals. Cuban, the billionaire investor, owner of the Dallas Mavericks, and vocal advocate for cryptocurrencies, announced on X (formerly Twitter) that his Gmail account had been compromised. He attributed the breach to a phone scam where an individual posing as “Noah” from Google used social engineering tactics to gain access to his account. Cuban - [Deutsche Telekom Unveils Ambitious Plan for 'Digital Monetary Photosynthesis'](https://news.shib.io/2024/06/23/deutsche-telekom-unveils-ambitious-plan-for-digital-monetary-photosynthesis/): Deutsche Telekom MMS has unveiled an ambitious plan for “digital monetary photosynthesis.” while confirming Bitcoin mining “soon.” - [The Weekly Meme Digest - June 22, 2024](https://news.shib.io/2024/06/22/the-weekly-meme-digest-6/): Greetings, meme mavens, fellow degens, moonwalkers, NFT whisperers and blockchain buffs! Welcome to this week’s edition of the Weekly Meme Digest, your one-stop shop for the best and most hilarious happenings in the crypto cosmos.  This week’s The Shib’s Daily’s Weekly Meme Digest is back to inject a healthy dose of hilarity into your HODL-ing routine. 🤪 We have a whirlwind of WTH moments that’ll leave you questioning your sanity (and your portfolio). But hey, who needs therapy when you have memes? 😂 This is the wild and wacky world of crypto culture – where the moon is our North - [Don't Mess with the Winklevoss Twins: They'll Bitcoin Your Campaign into Oblivion](https://news.shib.io/2024/06/22/dont-mess-with-the-winklevoss-twins-theyll-bitcoin-your-campaign-into-oblivion/): Anyone who has heard of the Winklevoss twins knows they are big game hunters! 🎯 These two aren’t just playing the game; they’re rewriting the rules and flipping the board. Let’s take a stroll down memory lane, shall we? 🕰️ In 2004, they sued Mark Zuckerberg, claiming he swiped their idea and source code to create Facebook. And guess what? Zuck settled for a cool $65 million in 2008. 💸 Cha-ching! Fast forward to 2014, and these Harvard rowers turned tech moguls founded the New York-based cryptocurrency exchange Gemini. 🚀 Not content with just running an exchange, they dipped their - [CertiK and Kraken's Crypto Caper: A Heist, a White Hat Hack, or a Marketing Masterclass?](https://news.shib.io/2024/06/22/certik-and-krakens-crypto-caper-a-heist-a-white-hat-hack-or-a-marketing-masterclass/): Crypto mornings are rarely dull, but waking up to the Kraken chief security officer’s post one fine Wednesday morning announcing $3 million in missing funds takes the cake—or the crypto. 🤯 He pointed a well-manicured finger at a “security researcher” who apparently pulled off this digital magic trick. But wait, there’s more! The researcher allegedly demanded a reward and a tête-à-tête with Kraken’s business development team. 🕶️🚀💰 🔒 Enter CertiK, the blockchain security firm that moonlights as a bug whisperer. They swooped in like Batman after a triple espresso and revealed themselves as the mysterious “security researcher.” 🦸‍♂️ Turns out, - [Two Michaels, One Bitcoin: A Bromance Brewing in the Cryptoverse?](https://news.shib.io/2024/06/22/two-michaels-one-bitcoin-a-bromance-brewing-in-the-cryptoverse/): We have a new saga to keep you on the edge of your seats, in this ever-entertaining world of cryptocurrency, where drama is digital and the stakes are sky-high.  This episode features two tech titans, Michael Saylor and Michael Dell, whose recent escapades in the Bitcoin world have all the makings of a classic bromance.. 🍿💥 Saylor: “Another round of sats, bartender! Make it 12,000, on the rocks.” 🧊🥃 Dell: “Hold my beer, I’m about to tweet something cryptic about blockchain.” 🐦 Forget the moon, Bitcoin might be headed straight for Mars with these two tech moguls leading the charge! - [Tether's Golden Goose Laid Bare: Nonprofit's Campaign Cries Foul Following aUSDT Launch](https://news.shib.io/2024/06/22/tethers-golden-goose-laid-bare-nonprofits-campaign-cries-foul-following-ausdt-launch/): In the wake of Tether’s shiny new stablecoin, Alloy (aUSDT), a nonprofit watchdog group isn’t buying the hype. In fact, they’re launching a full-blown ad campaign with a provocative question: “Is Tether the next FTX?” 😱 Tether, the stablecoin giant supposedly with less-than-stellar transparency and alleged shady dealings, is facing a fresh wave of criticism following the aUSDT launch. While Tether claims this gold-backed stablecoin is a revolutionary step for crypto payments, critics see it as a desperate attempt to distract from mounting concerns about the company’s reserves and solvency. 🤨 Enter Consumer’s Research, the nonprofit that’s taking Tether to - [Finland: Where Bitcoin Mining is So Hot, It's Literally Heating Homes](https://news.shib.io/2024/06/22/finland-where-bitcoin-mining-is-so-hot-its-literally-heating-homes/): Forget reindeer games and aurora borealis, Finland’s latest flex is heating homes with the fiery passion of Bitcoin mining! 🇫🇮 That’s right, Marathon Digital Holdings, the crypto mining behemoth, has transformed their Finnish facility into a real-life Santa’s workshop, only instead of toys, they’re churning out toasty warmth for over 11,000 residents. Talk about HODLing with benefits! 🎁 From Number Go Up to Thermostat Go Up: A Match Made in Crypto Heaven? 📈🌡️ Marathon’s not just blowing hot air here (though, technically, they are). They’ve concocted a genius scheme called “district heating.” Essentially, all those mining rigs working hard to - [Taiwan Unveils World’s First Crypto-Friendly Bank Account Amid Growing Crypto Adoption and Educational Initiatives](https://news.shib.io/2024/06/21/taiwan-unveils-worlds-first-crypto-friendly-bank-account-amid-growing-crypto-adoption-and-educational-initiatives/): In a landmark move for the financial and cryptocurrency sectors, Taiwan is set to launch the world’s first dedicated crypto-friendly bank account. BitoGroup, the parent company of the Taiwanese cryptocurrency exchange BitoPro, has partnered with Far Eastern International Bank’s digital arm, Bankee, to facilitate seamless fiat transactions between BitoPro users and traditional banks. This groundbreaking initiative aims to bolster the integration of cryptocurrencies into mainstream financial systems, marking a significant milestone for the global crypto community. BitoGroup CEO Titan Cheng announced that this new service is expected to increase the average daily transaction amount per user by 25% initially. The - [Musk's X Payments Network Bypasses Crypto, Leaving Enthusiasts Perplexed](https://news.shib.io/2024/06/21/musks-x-payments-network-bypasses-crypto-leaving-enthusiasts-perplexed/): Elon Musk’s vision for X, the social media platform formerly known as Twitter, is taking a surprising turn. Leaked documents obtained by Bloomberg reveal plans for a new in-app payment system, “X Payments,” that will integrate with the platform but excludes cryptocurrency functionality. The leaked documents, comprising 350 pages of emails and money transmitter license applications submitted to regulators in eleven states, paint a clear picture of X’s ambitions. The platform is actively seeking licenses to operate as a money transmitter, a crucial step for facilitating peer-to-peer payments within the app. However, buried deep within the paperwork lies a crucial - [Dell Founder Signals Interest In Crypto, Latest Tweets Seemingly Hinting at Bitcoin Adoption](https://news.shib.io/2024/06/21/dell-owner-signals-interest-in-crypto-latest-tweets-seemingly-hinting-at-bitcoin-adoption/): Michael Dell, the billionaire founder of Dell Technologies, has recently shown a growing interest in Bitcoin, sparking speculation about the company potentially embracing the cryptocurrency. Dell’s social media activity, particularly on Twitter, has been hinting at a possible move toward Bitcoin adoption, causing a stir among industry observers and crypto enthusiasts. The 10th richest man in the world reposted Michael Saylor’s “Bitcoin is Digital Scarcity” tweet, which for many is a clear indication of his alignment with the pro-Bitcoin narrative. Further fueling speculation, Dell promoted an account featuring Sesame Street’s Cookie Monster eating Bitcoin, saying, “This is a great account - [Altcoin Delisting Rumors Spark Investor Panic, Korean Exchanges See Double-Digit Drops](https://news.shib.io/2024/06/21/altcoin-delisting-rumors-spark-investor-panic-korean-exchanges-see-double-digit-drops/): Fueled by unsubstantiated rumors of a government crackdown, South Korea’s cryptocurrency market experienced a significant downturn this week. Major altcoins (alternative coins) witnessed double-digit price drops, rattling investor confidence and causing a ripple effect across domestic exchanges. The panic selling began after reports surfaced online, alleging that the Financial Services Commission (FSC), the country’s financial watchdog, would be implementing stricter regulations. Local Korean media outlets, including EBN News, reported that the rumors claimed the FSC would conduct quarterly reviews of the roughly 600 altcoins listed on domestic exchanges. These reviews, the rumors continued, would result in the delisting of any - [Italy Cracks Down on Crypto Wild West to Mitigate Money Laundering Risks](https://news.shib.io/2024/06/21/italy-cracks-down-on-crypto-wild-west-to-mitigate-money-laundering-risks/): Italy is poised to become the latest European nation to tighten its grip on the cryptocurrency market, according to a draft decree reviewed by Reuters. The move signals a growing global trend towards regulating the once-unfettered digital asset landscape, focusing on mitigating risks and protecting consumers. While the exact details are still under cabinet review, the draft outlines a two-pronged approach: enhanced surveillance and stricter penalties for market manipulation. Italy’s central bank and financial watchdog, Consob, will be tasked with overseeing cryptocurrency activities, aiming to safeguard financial stability and ensure the “orderly functioning of markets.” This could involve stricter reporting - [Bitcoin’s Slide Below Key Support Signals Potential Market Shakeup](https://news.shib.io/2024/06/21/bitcoins-slide-below-key-support-signals-potential-market-shakeup/): Bitcoin, the world’s leading cryptocurrency, has recently dipped below a critical support level, signaling potential market turbulence ahead. This development underscores growing concerns about the market’s stability as traders adjust their strategies and whales continue to offload their assets. The pivotal support level at $65,000 has been breached. This drop is significant as it indicates weakening market confidence and increasing downside pressure. The unwinding of basis trades, where traders exploit price differences between the spot and futures markets, has exacerbated this trend. Additionally, long-term holders and miners have been significant sellers recently, with CryptoQuant revealing that over $1.2 billion worth - [Shiba Inu Whales Signal Confidence with Massive $45M+ SHIB Transfers](https://news.shib.io/2024/06/21/shiba-inu-whales-signal-confidence-with-massive-45m-shib-transfers/): Shiba Inu whales have recently signaled their growing confidence in the meme-inspired cryptocurrency by executing massive transfers of SHIB tokens, totaling over $45 million in value. Shiba Inu whales have recently signaled their growing confidence in the meme-inspired cryptocurrency by executing massive transfers of SHIB tokens, totaling over $45 million in value. A Shiba Inu whale with over $6 million in profit withdrew 353.83 billion SHIB from Binance, as reported by blockchain firm LookOnchain. This substantial withdrawal indicates the whale’s strategic maneuvering within the market. Additionally, Whale Alert reported a massive transfer of 2.2 trillion SHIB, valued at approximately $39.95 - [EXCLUSIVE: Shiba Inu Unveils Ambitious Gaming Ecosystem Powered by Shibarium](https://news.shib.io/2024/06/21/exclusive-shiba-inu-unveils-ambitious-gaming-ecosystem-powered-by-shibarium/): Shiba Inu, the popular cryptocurrency project, revealed an ambitious roadmap for a comprehensive gaming ecosystem built on its Shibarium layer-2 scaling solution. The first step in this endeavor was the announcement of a Web3 closed beta of their acclaimed collectible card game, Shiba Eternity, which is slated for release in Q3 of this year. The gaming industry has witnessed a growing trend of traditional studios embracing blockchain technology in recent months. These studios are actively seeking blockchain providers who can deliver high performance, robust security, and cost-effective transaction solutions to ensure smooth and secure gameplay experiences. Shiba Inu has embraced - [Winklevoss Twins Donate $2M in BTC to Trump Campaign to End Joe Biden's 'War on Crypto'](https://news.shib.io/2024/06/21/crypto-money-flows-in-gemini-founders-donate-2m-in-bitcoin-to-trumps-campaign/): The Winklevoss twins, pioneers in the crypto space and founders of the crypto exchange Gemini, have generously contributed 30.94 Bitcoin, worth $2 million, to former President Donald Trump’s campaign. Their endorsement comes as a response to Trump’s unwavering pro-crypto stance and a desire to counter what they perceive as the Biden administration’s ‘war on crypto.’ Cameron and Tyler Winklevoss’ substantial donation to the presumptive Republican nominee comes a few weeks after he championed the cryptocurrency industry through his campaign speeches. In their statements, the Gemini founders accused the current Biden administration of using regulatory agencies to target the crypto industry, - [3iQ Takes First Step Toward Ambitious SolETF with Solana Fund (QSOL)](https://news.shib.io/2024/06/21/3iq-takes-first-step-toward-ambitious-soletf-with-solana-fund-qsol/): After a wave of speculation and discussion, Canada-based digital asset manager 3iQ, in a bold move signaling a new era for the Solana ecosystem, has taken a decisive first step toward launching the inaugural Solana Exchange Traded Fund (ETF) in North America. 3iQ took a significant step toward launching the first Solana ETF by filing a preliminary prospectus for The Solana Fund (QSOL) in Canada. “This continues our track record of innovation, and if receipt of applicable regulatory approvals is obtained, the Fund would be the first Solana exchange-traded product to be listed in North America,” the digital asset manager - [CertiK Goes Public About Kraken Bug Exploit Resulting in $3 Million Loss, Faces Scrutiny and Backlash](https://news.shib.io/2024/06/20/certik-goes-public-about-kraken-bug-exploit-resulting-in-3-million-loss-faces-scrutiny-and-backlash/): In a stunning revelation, blockchain security firm CertiK has admitted to identifying vulnerabilities in Kraken’s exchange, leading to the unauthorized withdrawal of $3 million worth of digital assets. This admission, disclosed in a June 19 thread on X, has ignited controversy and raised questions about the ethical boundaries of security research in the blockchain industry. Nick Percoco, Kraken’s chief security officer has since informed, “We can now confirm the funds have been returned (minus a small amount lost to fees).” CertiK, headquartered in New York, stated that the bug was first identified on June 5 and was related to Kraken’s - [Shiba Inu Crowned as 'Blue Chip' Meme Coin, Crypto Trader Highlights Potential in the Next Alt Season](https://news.shib.io/2024/06/20/shiba-inu-crowned-as-blue-chip-meme-coin-crypto-trader-highlights-potential-in-the-next-alt-season/): Shiba Inu (SHIB) has been hailed as a ‘blue chip’ meme coin by a prominent crypto trader, underscoring its substantial potential and promising outlook for the next alt season. A crypto trader, who uses the handle trading_vapor, also emphasized the growing significance of meme coins in the crypto market, where they offer both high-risk, high-reward opportunities and a unique appeal to mass retail investors.  Shiba Inu’s rise to prominence, alongside other established meme coins, signals a shift towards greater legitimacy and stability within this sector, making it a compelling contender for investors seeking to capitalize on the next wave of - [India's Financial Watchdog Fines Binance $2.2 Million for Regulatory Lapses](https://news.shib.io/2024/06/20/indias-financial-watchdog-fines-binance-2-2-million-for-regulatory-lapses/): India’s Financial Intelligence Unit (FIU) has imposed a fine of $2.2 million on cryptocurrency exchange giant Binance. The penalty stems from alleged non-compliance with anti-money laundering (AML) regulations. The order, dated June 19, 2024, comes amid growing scrutiny of cryptocurrency exchanges in India. The FIU, responsible for safeguarding the financial system from money laundering and terror financing, had previously registered Binance in a landmark move for the country’s crypto industry. However, the registration process was contingent upon Binance’s adherence to AML and Know Your Customer (KYC) norms. The FIU identified lapses in Binance’s onboarding procedures and transaction monitoring systems. These - [EXCLUSIVE: Shiba Inu to Launch Web3 'Shiba Eternity' Closed Beta with Shibarium Integration in Q3](https://news.shib.io/2024/06/20/exclusive-shiba-inu-to-launch-web3-shiba-eternity-closed-beta-with-shibarium-integration-in-q3/): The Shiba Inu ecosystem continues to expand as it prepares to unveil a Web3 version of its acclaimed collectible card game, Shiba Eternity, powered by the Shibarium layer-2 scaling solution. This highly anticipated closed beta launch is scheduled for the third quarter of this year. Shiba Inu Games’ gaming lead, Angel, shared with The Shib Daily, “The entire team has been working tirelessly in bringing Shiba Eternity onto Shibarium while staying true to its core principle of competitive yet enjoyable gameplay. I hope the community is as excited as we are for our beta release.” Shiba Eternity, a strategic card - [Not Just a Meme Coin: Where You Can Actually Spend Your Shiba Inu (SHIB)](https://news.shib.io/2024/06/20/not-just-a-meme-coin-where-you-can-actually-spend-your-shiba-inu-shib/): Shiba Inu (SHIB) is rapidly shedding its “meme coin” image and proving its real-world value, as a growing number of businesses worldwide now accept it as payment. From booking flights and ordering food to shopping for electronics and even luxury goods, SHIB holders can now use their tokens for everyday purchases, demonstrating the increasing acceptance and utility of this popular cryptocurrency. Just days ago, Shiba Inu, the world’s second-largest dog-themed altcoin by market capitalization, reached a groundbreaking milestone by successfully facilitating a web3 food delivery order through DevourGO. This historic event marks the first instance of a meme coin being - [Shiba Inu: Gold Sponsor at IVS Crypto 2024 KYOTO, Japan's Largest Web3 Conference for Startup Executives](https://news.shib.io/2024/06/19/shiba-inu-gold-sponsor-at-ivs-crypto-2024-kyoto/): Shiba Inu (SHIB), the popular cryptocurrency, has secured a Gold Sponsor title for IVS Crypto 2024 KYOTO, solidifying its presence as a major player in the ever-evolving blockchain landscape. The event, slated to be Japan’s largest crypto conference again, will be held in the historic city of Kyoto on July 4-6, 2024. The positive development marks a significant step for SHIB, demonstrating its ambition to move beyond its meme coin origins and establish itself as a force within the industry. Known as the biggest crypto conference for startup executives in Japan, the event has been bringing together top figures in - [Kraken Faces $3 Million Security Breach by Rogue Researchers Exploiting Exchange Bug](https://news.shib.io/2024/06/19/kraken-faces-3-million-security-breach-by-rogue-researchers-exploiting-exchange-bug/): In a startling incident, the prominent cryptocurrency exchange Kraken has disclosed a $3 million loss resulting from an exploited bug in its funding system. The breach, reported by Kraken’s Chief Security Officer Nick Percoco, highlights significant challenges in balancing security and ethical hacking within the crypto ecosystem. On June 9, Kraken received an alert from a self-proclaimed security researcher about a critical bug in the exchange’s funding system. According to Percoco, the flaw originated from a recent UX change, allowing client accounts to be credited before their assets were fully cleared. This oversight enabled users to trade crypto markets in - [Shib Nami Ura](https://news.shib.io/2024/06/19/shib-nami-ura/): Read the latest edition of The Shib magazine here. - [North Dakota Revokes Binance US License, Becoming Latest State to Take Action](https://news.shib.io/2024/06/19/north-dakota-revokes-binance-us-license-becoming-latest-state-to-take-action/): North Dakota has become the latest state to revoke the money transmitter license of Binance.US, further escalating regulatory scrutiny of the popular cryptocurrency exchange, according to an announcement by the North Dakota Department of Financial Institutions (DFI), adding to the growing list of states taking action against Binance.US. DFI Commissioner Lise Kruse cited non-compliance with state money transmitter laws as the primary reason for the revocation. The order specifically mentions that Binance.US, operated by BAM Trading Services Inc., is failing to meet these requirements. Additionally, the order references the November 2023 federal conviction of Binance and its founder, Changpeng Zhao, - [Supreme Court to Take Up Nvidia Shareholder Lawsuit Over Crypto Sales Transparency](https://news.shib.io/2024/06/19/supreme-court-to-take-up-nvidia-shareholder-lawsuit-over-crypto-sales-transparency/): The U.S. Supreme Court agreed to hear a closely watched case brought by Nvidia shareholders, potentially setting a precedent for how companies disclose their involvement in volatile markets like cryptocurrency, Bloomberg reported. The lawsuit accuses the chipmaker giant of misleading investors about the extent to which its sales relied on cryptocurrency mining during the 2017-2018 boom. The case hinges on Nvidia’s alleged failure to adequately inform investors about the risks associated with its dependence on crypto-related sales. The lawsuit, filed in 2018 by Swedish investment firm E. Ohman J: or Fonder AB, claims that Nvidia CEO Jensen Huang and CFO - [Shiba Inu Whales Pour $95 Million into SHIB, But Face $538 Million Sell Wall](https://news.shib.io/2024/06/19/shiba-inu-whales-pour-95-million-into-shib-but-face-538-million-sell-wall/): Large SHIB holders, often referred to as Shiba Inu whales, have recently demonstrated a strong vote of confidence in the cryptocurrency by investing a staggering $95 million within a 24-hour timeframe. This significant influx of funds into SHIB suggests a belief in the token’s long-term potential despite a substantial sell wall looming at the $0.000066 price point. Data from blockchain analytics platform IntoTheBlock revealed a remarkable 295% surge in large transactions, defined as those exceeding $100,000. These transactions, totaling 4.95 trillion SHIB and valued at $95.57 million, underscore the whales’ active involvement in the market. This increase in large transaction - [Is Shiba Inu More Than Just a Meme? The Sandbox Says Yes](https://news.shib.io/2024/06/19/shiba-inu-breaks-barriers-the-sandbox-adoption-cements-utility-beyond-memes/): Shiba Inu, the world’s second-largest dog-themed altcoin by market cap, is breaking barriers and solidifying its position beyond its memetic origins. This follows the announcement by The Sandbox, a leading decentralized gaming virtual world, of its acquisition of $SHIB along with other crypto assets.  This move marks a significant shift in the perception of Shiba Inu, highlighting its potential for real-world utility within the metaverse and potentially paving the way for wider adoption in the gaming and Web3 landscapes. In a statement, The Sandbox emphasized its commitment to staying at the forefront of industry trends and Web3 culture through this - [Consensys Continues Legal Battle Despite SEC Dropping Ethereum Investigation](https://news.shib.io/2024/06/19/consensys-continues-legal-battle-despite-sec-dropping-ethereum-investigation/): Consensys, a leading blockchain software technology company, celebrated a significant victory as the U.S. Securities and Exchange Commission (SEC) dropped its investigation into Ethereum 2.0, confirming no enforcement action against the company. However, the legal battle continues as Consensys pursues a lawsuit against the SEC seeking regulatory clarity for its MetaMask Swaps and Staking products, highlighting the ongoing struggle for clear regulatory frameworks within the rapidly evolving blockchain industry. However, the legal battle is far from over. Consensys, headed by Ethereum co-founder Joe Lubin, remains committed to pursuing its lawsuit against the SEC, seeking regulatory clarity for its MetaMask Swaps - [June Crypto Jinx: A Dive Into Historical Trends of Shiba Inu, Bitcoin, and Ethereum](https://news.shib.io/2024/06/18/june-crypto-jinx-a-dive-into-historical-trends-of-shiba-inu-bitcoin-and-ethereum/): The “June Crypto Jinx” has long intrigued market analysts and investors. A dive into the historical data reveals that cryptocurrencies like Shiba Inu, Bitcoin, and Ethereum often experience significant price fluctuations during this month. Shiba Inu is currently trading in the red zone at $0.00001819, representing a double-digit drop in value by 23.84%. While many are wondering why the market is behaving this way, a crypto analyst who uses the handle @0xSisyphus suggested on X (formerly Twitter) that historical patterns might hold the key to understanding this phenomenon. The crypto analyst, @0xSisyphus, with over 116,000 followers on X, pointed towards - [Tanzania Considers Taxing Crypto Transactions Through Income Tax Act Changes](https://news.shib.io/2024/06/18/tanzania-considers-taxing-crypto-transactions-through-income-tax-act-changes/): Tanzania has unveiled proposed amendments to its Income Tax Act, aiming to capture a slice of the growing digital economy. The centerpiece of the proposal is a 3% withholding tax on income generated from cryptocurrency transactions, as per local media reports. Presented by Finance Minister Hon. Dr. Mwigulu Lameck Nchemba Madelu, the plan introduces a withholding tax on profits obtained from trading digital assets. This tax burden will fall on digital platform owners and facilitators handling crypto transfers and exchanges. These entities, designated as withholding agents, will be responsible for collecting the 3% tax and remitting it to the Tanzania - [Bybit Boosts Crypto Buying with Apple Pay Integration, Including SHIB](https://news.shib.io/2024/06/18/bybit-boosts-crypto-buying-with-apple-pay-integration-including-shib/): Major cryptocurrency exchange Bybit has announced in a press release the integration of Apple Pay for its Bybit Card, aiming to streamline and secure the cryptocurrency buying process. The move signifies Bybit’s commitment to providing a user-friendly and secure platform for its customers venturing into the crypto market. The integration promises various benefits for Bybit users: enhanced security, convenience, and potentially competitive pricing. Apple Pay boasts robust security features like Face ID, Touch ID, or device passcode verification, along with unique, dynamic security codes for each transaction. This adds an extra layer of protection compared to traditional payment methods. Convenience - [MetaMask Enhances Privacy Controls: A New Era of User Empowerment](https://news.shib.io/2024/06/18/metamask-enhances-privacy-controls-a-new-era-of-user-empowerment/): In a significant move toward enhancing user privacy and control, Consensys, the company behind MetaMask, the popular cryptocurrency wallet, has revamped its privacy policy. This update aims to offer greater transparency and robust security measures, reaffirming the company’s commitment to safeguarding user data in the rapidly evolving Web3 space. Consensys’ updated privacy policy introduces several key changes designed to empower users with more control over their data. One notable update is the increased transparency in processing internet protocol (IP) addresses. “We may temporarily process your IP address only where required for some of our services to provide the best possible - [Shiba Inu's Shytoshi Kusama Joins Crypto Elite on X, Reaching 1 Million Followers](https://news.shib.io/2024/06/18/shiba-inus-shytoshi-kusama-joins-crypto-elite-on-x-reaching-1-million-followers/): Shytoshi Kusama, the pseudonymous lead developer of the Shiba Inu crypto project, has officially joined the ranks of the crypto elites on X (formerly Twitter) by reaching a major milestone of 1 million followers. This achievement cements Kusama’s influence and prominence within the cryptocurrency community, marking a significant moment for both the leader and the Shiba Inu project. Shy, as he is fondly called by the Shib Army, now joins an exclusive group of influential figures in the crypto space. Among these elites are Elon Musk (@elonmusk), CEO of Tesla and SpaceX, who boasts approximately 184.9 million followers; Vitalik Buterin - [EXCLUSIVE: Shiba Inu Joins Elite Club, Now Accepted For Crypto.com's Visa Card Funding](https://news.shib.io/2024/06/18/shiba-inu-joins-elite-club-now-accepted-for-crypto-coms-visa-card-funding/): Shiba Inu (SHIB) has reached a significant milestone in its journey toward mainstream adoption, as it joins an elite group of cryptocurrencies accepted for funding on the Crypto.com Visa Card. This development comes as a major boost for the Shiba Inu community, further solidifying SHIB’s position in the evolving landscape of digital assets. Crypto.com, a leading cryptocurrency platform, recently informed its customers via email of an update on the expanded token support for its Visa card. In the update, it shared that Shiba Inu (SHIB) is now among the cryptocurrencies accepted for funding its Visa Card. The company shared the - [Shiba Inu Price on Fire: Crypto Analyst Predicts 294% Upside After Recent Dip](https://news.shib.io/2024/06/18/shiba-inu-price-on-fire-crypto-analyst-predicts-294-upside-after-recent-dip/): Shiba Inu (SHIB) is currently ablaze, experiencing a price surge of over 100% since breaking out of a previous resistance trend. This impressive performance has not gone unnoticed by crypto analysts, with one prominent trader predicting a potential 294% upside for the meme coin. Shiba Inu (SHIB), the second-largest dog-themed cryptocurrency by market capitalization, is currently experiencing a decline alongside a broader downturn in the cryptocurrency market. However, despite the current downtrend, an analysis of SHIB’s price history reveals that it has increased by over 100% since breaking through a significant resistance level. The latest analysis by prominent crypto trader - [Shiba Inu Burns Skyrocket 21,299% in Single Day, Nearly 12M SHIB Destroyed, Over 400M Burnt This Week](https://news.shib.io/2024/06/18/shiba-inu-burns-skyrocket-21299-in-single-day-nearly-12m-shib-destroyed-over-400m-burnt-this-week/): Shiba Inu burns is experiencing an extraordinary surge as it skyrocket by an astonishing 21,299% in a single day, resulting in the destruction of nearly 12 million SHIB tokens. Over the past week, more than 400 million SHIB have been burnt, highlighting a dramatic escalation in the token’s deflationary process. Despite the recent market downturn affecting Shiba Inu (SHIB) alongside Bitcoin and the wider cryptocurrency market, the dedicated SHIB community remains undeterred in its mission to reduce the token’s massive circulating supply. The ongoing burning of SHIB tokens, a process of permanently removing them from circulation, continues at an impressive - [Seized Assets Of SBF Spark Legal Battle: FTX Customers, Creditors, and Government Vie for Control](https://news.shib.io/2024/06/18/seized-assets-of-sbf-spark-legal-battle-ftx-customers-creditors-and-government-vie-for-control/): A fierce legal battle erupted over control of his seized assets, in the aftermath of Sam Bankman-Fried’s conviction and imprisonment, as customers, creditors, and the government are each staking their claim, further complicating the already intricate FTX bankruptcy case. In a June 14 filing in the United States District Court for the Southern District of New York, lawyers representing the FTX debtors and the firm’s Bahamian entity, FTX Digital Markets, argued that they had a “superior right” to assets that may be used to satisfy the court’s $11-billion judgment against Bankman-Fried.  The legal team claimed that FTX’s aircraft, funds held - [Wall Street Firm VanEck Recognizing Shiba Inu’s Potential, To Launch Bitcoin ETF on Australia’s Largest Stock Exchange](https://news.shib.io/2024/06/18/wall-street-firm-vaneck-recognizing-shiba-inus-potential-to-launch-bitcoin-etf-on-australias-largest-stock-exchange/): Wall Street investment firm VanEck, known for recognizing the potential of meme coins like Shiba Inu, in a groundbreaking move, is set to launch Australia’s first Bitcoin exchange-traded fund (ETF) on the Australian Securities Exchange (ASX), the country’s largest trading exchange. After three years of regulatory effort, the Bitcoin ETF of VanEck will start trading on Thursday, offering Australian investors a regulated avenue to gain exposure to Bitcoin. Arian Neiron, VanEck CEO and Managing Director for the Asia Pacific emphasized the firm’s commitment to providing innovative investment vehicles, acknowledging the growing demand for accessible crypto investments. “Notwithstanding that crypto investing - [Stablecoins: A Digital Solution to US Debt and Economic Stability](https://news.shib.io/2024/06/17/stablecoins-a-digital-solution-to-us-debt-and-economic-stability/): The U.S. economy faces significant challenges due to its large national debt and the growing influence of China in the global financial system. However, stablecoins backed by the U.S. dollar may offer a solution. These digital currencies create a demand for U.S. government debt, helping the country sustain its borrowing needs. According to a Wall Street Journal article, the U.S. is on a perilous path toward a debt crisis that could stall the economy and force drastic budget cuts. Entitlement programs like healthcare and retirement benefits are driving the debt, yet political gridlock has prevented necessary reforms. WSJ warns of - [Shiba Inu Eyes Bullish Surge, Predicted to Soar By Over 56% To $0.00003267](https://news.shib.io/2024/06/17/shiba-inu-eyes-bullish-surge-predicted-to-soar-by-over-56-to-0-00003267/): While Shiba Inu, the world’s second-largest dog-themed altcoin by market capitalization, is down by over 6% on the day, it is predicted to surge by over 56% and reach $0.00003267 by mid-June, according to the latest forecast from a unique, non-custodial instant cryptocurrency exchange. The bullish prediction from Changelly is supported by various technical indicators. Although the market sentiment for Shiba Inu is currently bearish at 38%, the Fear & Greed Index shows a score of 71, indicating a strong greed sentiment among investors. Over the past 30 days, Shiba Inu has experienced 12 green days out of 30, translating - [Role of Blockchain Hinted At In BlackRock CEO's Calls for Global Infrastructure Overhaul](https://news.shib.io/2024/06/17/role-of-blockchain-hinted-at-by-blackrock-ceos-calls-for-global-infrastructure-overhaul/): Larry Fink, CEO of BlackRock, the world’s largest asset manager, emphasized the urgent need for global infrastructure investment in a recent speech, hinting at the potential of blockchain technology and tokenization to unlock trillions in private capital. Speaking at the Partnership for Global Infrastructure, Fink warned, “All of us are staring down a growth dilemma,” highlighting the challenges posed by escalating debt-to-GDP ratios and declining working-age populations, particularly among G7 nations. He argued that traditional funding mechanisms may be insufficient to address the estimated $75 trillion needed for infrastructure projects by 2040. In response, Fink proposed a pragmatic approach, emphasizing - [SEC Chief Of Crypto Enforcement Departs Amid Resignations, Office Closure](https://news.shib.io/2024/06/17/sec-chief-of-crypto-enforcement-departs-amid-resignations-office-closure/): David Hirsch, the U.S. Securities and Exchange Commission (SEC) Chief of the Crypto Asset and Cyber Unit, has announced his departure amid a wave of resignations and the planned closure of the agency’s Salt Lake Regional Office. Hirsch, the head of the Securities and Exchange Commission’s (SEC) Crypto Assets and Cyber Unit, announced his departure from the agency after almost nine years of service. His departure coincides with the recent resignations of two attorneys involved in the Digital Licensing Inc. (DEBT Box) case and the announcement of the SEC’s Salt Lake regional office closure. Hirsch’s expertise spanned several critical areas, - [Crypto Market Prefers Celebrity Meme Coins Over High-FDV Projects, Study Reveals](https://news.shib.io/2024/06/17/crypto-market-prefers-celebrity-meme-coins-over-high-fdv-projects-study-reveals/): Crypto investors are turning their attention to character or celebrity meme tokens, favoring these over projects with high fully diluted value (FDV) and low initial market float, a study has found. “The cryptocurrency market is increasingly favoring attention assets such as celebrity meme tokens, driven by their potential for untapped growth,” crypto exchange Kucoin said in its monthly markets report. The research highlighted the growing preference for meme tokens with “relatively obscure low-market-cap assets.” As per the report, the shift toward meme coins can be attributed to investors’ frustration with projects that have a high FDV and low initial circulating market - [Hundreds of Cryptocurrencies Could Be Delisted in South Korean Shakeup](https://news.shib.io/2024/06/17/hundreds-of-cryptocurrencies-could-be-delisted-in-south-korean-shakeup/): South Korea’s cryptocurrency market is bracing for a sweeping regulatory crackdown. Starting next month, approximately 600 virtual assets will undergo rigorous evaluation against new standards, local media reported.  Those failing to comply face potential delisting. The move comes as South Korea aims to enhance market integrity and tighten oversight. The new regulations focus on three critical aspects: issuer reliability, security measures, and legal compliance. Exchanges must assess the reliability of issuing entities, examine information disclosure practices, and verify the circulation of the cryptocurrency. Authorities will evaluate technology security levels, ensuring that cryptocurrencies have no history of hacking incidents, and require - [ASX Approves Its First Spot Bitcoin ETF: A Milestone for Australian Crypto Investors](https://news.shib.io/2024/06/17/asx-approves-first-spot-bitcoin-etf-a-new-milestone-for-australian-crypto-investors/): Australia’s largest stock exchange, the Australian Securities Exchange (ASX), has taken a leap by approving its first spot Bitcoin ETF. The approval paves the way for the VanEck Bitcoin ETF (VBTC) to commence trading on Thursday, marking a pivotal moment for Australian investors seeking regulated Bitcoin exposure. The approval follows VanEck’s recent success in the United States, where the firm was authorized to launch the VanEck Bitcoin Trust (HODL) earlier this year. VanEck’s decision to bring a Bitcoin ETF to the ASX is in response to the growing demand for cryptocurrency investments in Australia, which has been mirrored globally. Arian - [Massive Price Rally Ahead? Shiba Inu Burn Rate Explodes 800%, Techincal Indicator Flashes 'Buy' Signal](https://news.shib.io/2024/06/17/massive-price-rally-ahead-shiba-inu-burn-rate-explodes-800-techincal-indicator-flashes-buy-signal/): A massive price rally might be ahead for Shiba Inu as the token’s burn rate explodes by over 800% and a key technical indicator flashes a buy signal. This unprecedented surge in token destruction, combined with positive technical analysis, is igniting optimism among SHIB holders and sparking speculation of a potential price surge. An on-chain analyst who uses the X handle @ali_charts recently noted Shiba Inu’s chart, which made him say, “Shiba Inu might be primed for a rebound as the TD Sequential indicates a buy signal on the $SHIB daily chart!” This analysis suggested that SHIB may be poised - [Shibarium Adoption Soars: Over 61% Drop in Average Transaction Fee, Triple-Digit Transaction Rate Surge](https://news.shib.io/2024/06/16/shibarium-adoption-soars-over-61-drop-in-average-transaction-fee-triple-digit-transaction-rate-surge/): Shibarium, the layer-2 scaling solution for the Shiba Inu blockchain, is experiencing an unprecedented surge sees substantial spikes in daily transactions, reflecting a significant uptick in activity on the decentralized platform. This surge marks a pivotal moment for the Shiba Inu ecosystem, showcasing growing engagement and adoption.  From June 9 to June 15, Shibarium saw a remarkable 341% increase in new transactions, skyrocketing from 2,990 to 13,191, based on the latest data from the layer-2 scalability solution’s transaction scanner. This impressive uptick underscores the platform’s expanding user base and growing activity within the Shiba Inu ecosystem. Accompanying this substantial increase - [Binance Co-Founder, Like The Shib Army, Seeks Elon Musk's Aid to Combat Cryptocurrency Scams on X](https://news.shib.io/2024/06/16/binance-co-founder-like-the-shib-army-seeks-elon-musks-aid-to-combat-cryptocurrency-scams-on-x/): Binance co-founder Yi He, in a bold move to tackle the rising issue of cryptocurrency scams, has joined with the Shib Army to seek the aid of tech mogul Elon Musk. This move aims to pressure Musk and force his social media platform X to implement stronger measures against fraudulent activities plaguing the crypto space. Yi He has, in a move echoing the complaints of the Shiba Inu community, publicly called out Elon Musk and his social media platform X (formerly Twitter) for its failure to adequately address the rampant issue of cryptocurrency scams. Her appeal, much like the passionate pleas - [LEAKED: Biden Admin to Join Key Congressional Officials for High-Stakes Bitcoin Roundtable](https://news.shib.io/2024/06/16/leaked-biden-administration-to-join-key-congressional-officials-for-high-stakes-bitcoin-roundtable-in-d-c/): Leaked emails reveal that the Biden Administration is set to join key Congressional lawmakers for a high-stakes Bitcoin roundtable in Washington, D.C., a report said. This significant move toward engaging with the cryptocurrency sector signals a potential shift in the U.S. government’s approach to digital currencies, especially as political pressure builds from presumptive Republican presidential nominee Donald Trump. The unprecedented meeting underscores the growing importance and influence of cryptocurrency in both politics and broader U.S. discussions. U.S. Congressman Ro Khanna, a Democrat representing California’s 17th congressional district, is set to host a Bitcoin and blockchain roundtable in Washington D.C. in - [Trump Vows to Unleash Cryptocurrency from Biden's Shackles](https://news.shib.io/2024/06/16/trump-vows-to-unleash-cryptocurrency-from-bidens-shackles/): Presumptive Republican nominee Donald Trump has vowed to end Joe Biden’s war on crypto, promising a future for Bitcoin in the U.S. with Florida at its core. - [T-Mobile Parent Deutsche Telekom MMS Unveils Ambitious Plan for 'Digital Monetary Photosynthesis'; Confirms Mining 'Soon'](https://news.shib.io/2024/06/15/bullish-on-bitcoin-deutsche-telekom-mms-unveils-ambitious-plan-for-digital-monetary-photosynthesis-confirms-bitcoin-mining/): Deutsche Telekom MMS, telecom giant and T-Mobile’s parent company, has unveiled an ambitious plan for “digital monetary photosynthesis,” while confirming Bitcoin mining “soon,” signifying the company’s strategic shift toward blockchain technology and aiming to position itself at the forefront of the digital financial revolution. During the BTC Prague conference, the company’s Web3 lead Dirk Röder took the stage to announce Deutsche Telekom MMS’ ambitious plans. “With a chest full of f*cking pride, I like to let you in on a little secret: We will engage in digital monetary photosynthesis soon.” While the exact details of this innovative concept remain shrouded - [Crypto Revolution: Trump Vows to Unleash Cryptocurrency from Biden's Shackles](https://news.shib.io/2024/06/15/crypto-revolution-trump-vows-to-unleash-cryptocurrency-from-bidens-shackles/): Donald Trump has vowed to unleash cryptocurrency from U.S. President Joe Biden’s shackles, promising to end the Democrat’s war on crypto and secure the future of Bitcoin in America, particularly in Florida. The former president’s declaration aims to transform the United States into a global leader in the digital currency realm. In a recent speech, Trump criticized the current administration’s regulatory stance, which he claims has stifled innovation and driven crypto enterprises abroad. “I will end Joe Biden’s war on crypto, and ensure that the future of crypto and the future of #Bitcoin will be made in America, with a - [The Weekly Meme Digest - June 15, 2024](https://news.shib.io/2024/06/15/the-weekly-meme-digest-5/): Ladies, gentlemen, non-binary royalty, and degens of all shapes and sizes 👑 – welcome to the grand ballroom of crypto satire! 🎉 Where jesters juggle jpegs and laughter is the main course. 🃏 Prepare yourselves for the grand unveiling of The Shib’s Daily’s Weekly Meme Digest, your one-stop shop for all things wacky and wonderful in the wild, wild west of crypto culture. This week’s edition, aptly titled “Meme Mania: The Wild and Wacky World of Crypto Culture,” is a rollercoaster ride you won’t want to miss! 🎢 Forget boring market analysis and yawn-inducing price predictions, we’re diving headfirst into - [Tate vs Azalea Meme Wars: The Epic Battle of $DADDY vs $MOTHER](https://news.shib.io/2024/06/15/tate-vs-azalea-meme-wars-the-epic-battle-of-daddy-vs-mother/): Gather ’round, crypto comrades, for the meme war to end all meme wars! It’s Andrew Tate, the self-proclaimed “Top G,” versus Iggy Azalea, the Fancy rapper turned crypto queen, in a battle for meme supremacy! 🥊 In the latest saga of the Meme Wars, it’s Tate vs. Azalea in a no-holds-barred showdown between DADDY and MOTHER tokens. Who will reign supreme in this digital drama? Let’s dive into the chaos. 🥪🔥 Forget Twitter beefs and celebrity feuds, this is a clash of the crypto titans, where memes are weapons and sarcasm is the armor. 🛡️ Tate, in his infinite wisdom - [HODL the Line! Bitcoin Whales Stockpile BTC in Buying Spree ](https://news.shib.io/2024/06/15/hodl-the-line-bitcoin-whales-stockpile-btc-in-buying-spree/): Hold onto your shrimp cocktail, crypto crustaceans, because the Bitcoin whales are having a feast! 🦞 These underwater behemoths, with their gargantuan appetites for BTC, have been on a buying spree that would make even a hungry hippo jealous. 🦛 In a mere 24 hours on Tuesday that will go down in crypto lore, a whopping 20,600 BTC (that’s enough to buy a small island or two 🏝️) flowed into their massive accumulation addresses. But what’s driving this insatiable appetite for digital doubloons? What does this mean for us minnows swimming in the crypto sea? 🤔 Are we witnessing a - [Love and Crypto: How Not to Lose Your Heart and Your Wallet](https://news.shib.io/2024/06/15/love-and-crypto-how-not-to-lose-your-heart-and-your-wallet/): Love in the digital age is exhilarating. 💕 Swipe right, click like, and suddenly, you’re sharing memes and midnight confessions with someone who seems like your soulmate. But what happens when your online love interest wants to teach you the secrets of cryptocurrency investment? Spoiler alert: it might be less about your financial growth and more about their financial gain. 💔 Swipe Right on Love, Swipe Left on Scams Imagine this: you’ve met someone incredible online. They’re charming, they’re attentive, and they share your obscure love for 90s rom-coms. 🎥 Then, one day, they bring up an amazing investment opportunity - [2024 Meme Coin Phenomenon: Is Polynya Right? Do Meme Coins Today Represent the Dumpster of Crypto?](https://news.shib.io/2024/06/15/2024-meme-coin-phenomenon-is-polynya-right-do-meme-coins-today-represent-the-dumpster-of-crypto/): The merry band of meme coins shows no signs of slowing down. Over 2,000 of these digital goofballs have recently been jostling for attention on CoinMarketCap, raking in a cool $50 billion in market cap. 🤑 That’s enough dough to make even mega banks like JPMorgan and futuristic car wizards like Tesla do a double take. 🏦🏎️ What does pseudonymous analyst Crypto Koryo have to say? Well, their TLDR is that the meme coin craze is spiraling out of control this year. They’re saying it’s not just because of the bull run. They’re looking at those who want to jump - [From Top G to Top Degen? Andrew Tate And His Crypto 180](https://news.shib.io/2024/06/15/from-top-g-to-top-degen-andrew-tate-and-his-crypto-180/): 🎩🚀 Welcome to the crypto circus, where the ringmaster of the hour is none other than Andrew Tate, the kickboxing king turned crypto connoisseur. Last year, Tate was all about the “no coin” life, claiming his golden tongue could turn phrases into crypto fortunes, yet he wouldn’t touch them with a 10-foot blockchain. “I don’t want anyone losing on my account,” he said, as noble as a knight in digital armor. Fast forward to today, and it’s a whole new ball game. Tate’s gone from crypto skeptic to DADDY dearest, shilling his way to the top of the meme coin - [Shiba Inu Barks for Good: British Red Cross Embraces SHIB for Humanitarian Aid](https://news.shib.io/2024/06/14/shiba-inu-barks-for-good-british-red-cross-embraces-shib-for-humanitarian-aid/): The British Red Cross is now accepting Shiba Inu (SHIB), the world’s second-largest dog-themed altcoin by market capitalization, as a form of donation. This move, announced last month, marks a significant step in the organization’s embrace of digital currencies to support its global humanitarian efforts. The British Red Cross Society is the U.K. arm of the worldwide neutral and impartial humanitarian network, the International Red Cross and Red Crescent Movement. Through a partnership with The Giving Block, a platform specializing in cryptocurrency donations for nonprofits, supporters can now contribute SHIB and other cryptocurrencies to the British Red Cross.   The donations - [Binance Star Award Recipient Weighs In On SHIB ETF As Analyst Accelerates ETH ETF Launch](https://news.shib.io/2024/06/14/binance-star-award-recipient-weighs-in-on-shib-etf-as-analyst-accelerates-eth-etf-launch/): As the Ethereum ETF launch timeline speeds up, a Binancian Star Award recipient and crypto expert offers valuable insights into the potential of a Shiba Inu (SHIB) ETF. This comes as the broader cryptocurrency market eagerly awaits a landmark moment for mainstream adoption. Bloomberg Intelligence ETF Analyst Eric Balchunas recently revised his prediction, stating that the first Ethereum ETFs could launch as early as July 2nd. This acceleration is due to positive feedback from the U.S. Securities and Exchange Commission (SEC) on S-1 filings of multiple issuers, aligning with SEC Chair Gary Gensler’s previous comments suggesting summer approvals. In a - [BONE Breaks New Ground: Latest Listing Fuels Visibility and Accessibility](https://news.shib.io/2024/06/14/bone-breaks-new-ground-latest-listing-fuels-visibility-and-accessibility/): BONE breaks new ground as its latest listing on Trive Exchange fuels visibility and accessibility, marking a significant milestone for the Shiba Inu crypto project. Bone Shibaswap (BONE), the governance token on ShibaSwap, Shiba Inu’s decentralized exchange platform (DEX) and the official gas fee of the ecosystem’s layer-2 scalability solution Shibarium, has been listed by Trive Exchange, a crypto exchange platform in Indonesia. This latest milestone underscored the growing demand and recognition for BONE within the rapidly expanding crypto market. This announcement, made on X (formerly Twitter) by Trive Exchange, underscored the growing demand and recognition for BONE within the - [Ethereum Sees Massive Holder Accumulation Amid ETF Speculation](https://news.shib.io/2024/06/14/ethereum-sees-massive-holder-accumulation-amid-etf-speculation/): Ethereum has experienced a notable surge in demand from long-term holders. On June 12, Ethereum recorded its second-largest buying day ever, with permanent holders accumulating a staggering 298,000 ETH, valued at over $1 billion. This unprecedented activity marks a pivotal moment for the cryptocurrency industry, as it navigates through fluctuating market dynamics and looming regulatory changes. Julio Moreno, Head of Research at CryptoQuant, shared these insights on X (formerly Twitter), highlighting that this surge in accumulation is second only to the record set on September 11, 2023, when 317,000 ETH, worth approximately $1.1 billion, was purchased by long-term holders. This - [Terra LUNA’s Legacy: Terraform Labs Dissolves, Hands Blockchain Reins to Community](https://news.shib.io/2024/06/14/terra-lunas-legacy-terraform-labs-dissolves-hands-blockchain-reins-to-community/): In a pivotal move signaling the end of an era, Terraform Labs, the developer behind the Terra (LUNA) blockchain, has announced its intention to dissolve its operations. This decision comes on the heels of a staggering $4.47 billion settlement with the SEC, a consequence of the dramatic collapse of the UST algorithmic stablecoin in 2022. Chris Amani, CEO of Terraform Labs, revealed the company’s plans to transition control to the community, effectively decentralizing the management of the Terra and Terra Classic blockchains. “TFL always intended to dissolve at some point, and that point is now,” Amani posted on X. “We - [Woof! Shiba Inu Makes History: First-Ever Web3 Food Delivery Paid Entirely with $SHIB](https://news.shib.io/2024/06/13/woof-shiba-inu-makes-history-first-ever-food-delivery-paid-entirely-with-shib/): Shiba Inu (SHIB), the world’s second-largest dog-themed altcoin by market capitalization, in a groundbreaking moment has been used to successfully pay for a web3 food delivery order through DevourGO. This marks the first time a meme coin has been used to complete an entire transaction on a major Web3 food ordering and delivery marketplace, signaling a growing acceptance of digital assets in mainstream commerce. DevourGO, a web3 food ordering and delivery marketplace known for its tech-forward approach to food delivery, announced its acceptance of SHIB in a tweet that quickly caught the attention of the crypto community. The tweet featured - [SEC Chair Gensler Signals ETH ETF S-1 Approval 'Over The Course Of This Summer'](https://news.shib.io/2024/06/13/sec-chair-gensler-signals-eth-etf-s-1-approval-over-the-course-of-this-summer/): Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC) has confirmed that Ethereum ETF ( ETH ETF) S-1 filings will approved this summer during his testimony at a Senate Appropriations Committee hearing. The anticipation of these approvals has sparked discussions within the cryptocurrency community, with many expressing optimism about Ethereum’s market value and institutional investment. When the SEC approved the spot Ether exchange-traded funds (ETFs) to be listed last May 23, industry leaders forecast that trading of the new investment vehicle could start sometime in July or August or before November, but the statement from SEC’s Gensler - [MicroStrategy's Bitcoin Buying Spree Continues: Will It Ever Stop?](https://news.shib.io/2024/06/13/microstrategys-bitcoin-buying-spree-continues-will-it-ever-stop/): MicroStrategy has announced plans on Thursday to raise $500 million to purchase more Bitcoin (BTC). This move is part of the company’s strategy to accumulate more of the cryptocurrency, which has seen significant volatility in recent times. After two smaller acquisitions in March and April, the company currently holds 214,400 BTC, valued at approximately $14.5 billion at current market prices, with an average purchase price of $35,158 per Bitcoin. The latest announcement comes as a surprise to many, given the current market conditions. However, MicroStrategy’s CEO Michael Saylor is known for his bullish stance on Bitcoin. The company, along with other institutional - [Tate Slams Critics As DADDY Flips MOTHER Following Triple-Digit Surge](https://news.shib.io/2024/06/13/tate-slams-critics-as-daddy-flips-mother-following-triple-digit-surge/): Andrew Tate, a former kickboxer and controversial social media personality, slammed critics as DADDY flipped MOTHER following a triple-digit surge. The Tate-promoted meme coin has surged by 450% in the past 24 hours, overtaking Iggy Azalea’s MOTHER token and sparking allegations of insider trading amid its meteoric rise. Since its launch over the weekend, the Solana-based DADDY token has steadily climbed in value. However, it wasn’t until Tate started promoting the project that it saw a significant surge.  In response to the accusations, Tate took to Twitter to address the “old dorks of crypto twitter,” accusing them of spreading fear, - [Get Ready for a Boom: Crypto and AI Set to Unleash $20 Trillion Growth by 2030, Says Report](https://news.shib.io/2024/06/13/get-ready-for-a-boom-crypto-and-ai-set-to-unleash-20-trillion-growth-by-2030-says-bitwise-report/): Bitwise Asset Management, a leading investor in Bitcoin exchange-traded funds (ETFs), forecasts a staggering $20 trillion boost to global GDP by 2030, fueled by the combined forces of artificial intelligence (AI) and cryptocurrency industries. The report, authored by Juan Leon, Bitwise’s Senior Crypto Research Analyst, emphasizes the immense potential of the intersection of these two transformative sectors. “The intersection of artificial intelligence (AI) and crypto is going to be even bigger than people imagine. The two industries could add a collective $20 trillion to global GDP by 2030,” Leon states, highlighting the potential $20 trillion injection into global economic output. - [Bitcoin Bullish Momentum Persists Despite Market Volatility, $100K Target in Sight](https://news.shib.io/2024/06/13/bitcoin-bullish-momentum-persists-despite-market-volatility-100k-target-in-sight/): The bullish momentum of Bitcoin continues to build, with an expert predicting a surge towards $100,000 by the year’s end, despite recent market volatility. Strong institutional demand, global adoption, and favorable economic conditions fuel this optimistic outlook, suggesting Bitcoin’s upward trajectory remains firmly on track. The king of crypto and the pioneering crypto asset dipped below the $68,000 threshold on Wednesday and Thursday, following the Federal Reserve’s announcement to hold interest rates steady while signaling expectations of only one rate cut this year. As of Thursday, Bitcoin was trading in the red zone at $67,680.90, showing a 3.45% dip in - [Fortune 500 Embraces Blockchain: Coinbase Survey Shows Growing On-chain Interest](https://news.shib.io/2024/06/13/fortune-500-embraces-blockchain-coinbase-survey-shows-growing-on-chain-interest/): In a sign of accelerating institutional interest in blockchain technology, a new survey by cryptocurrency exchange Coinbase reveals a significant rise in on-chain project exploration among Fortune 500 companies. The survey, released Wednesday, found that 56% of executives at these leading U.S. corporations report that their companies are currently working on blockchain technology projects. This marks a substantial increase in adoption, with on-chain initiatives announced by Fortune 100 companies spiking 39% year-over-year and reaching a record high in the first quarter of 2024. “America’s top public companies are busier on-chain than ever before,” stated the Coinbase report, titled “The State - [Shiba Inu Shines Amid Memecoin Mania: Crypto Research Founder Explains the Phenomenon](https://news.shib.io/2024/06/13/shiba-inu-shines-amid-memecoin-mania-crypto-research-founder-explains-the-phenomenon/): Shiba Inu emerges as a shining star, amid the frenzy of the meme coin craze, captivating the attention of crypto enthusiasts and investors alike. Crypto Research founder Will Clemente delved into the factors driving the meme coin phenomenon, shedding light on why these tokens have captured the imagination of traders and investors alike. In a recent interview with Bitcoin advocate Anthony Pompliano, Clemente shared his insights into the meme coin phenomenon. He highlighted a key paradox: while many altcoins boast strong fundamentals, their complex value propositions often deter traders. “The average retail participant has a much higher probability of 10 - [Biden Campaign Reportedly Eyes Crypto Donations in Strategic Move to Court Crypto Enthusiasts](https://news.shib.io/2024/06/12/biden-campaign-eyes-crypto-donations-in-strategic-move-to-court-crypto-enthusiasts/): U.S. President Joe Biden’s campaign is reportedly planning to accept cryptocurrency donations, signaling a groundbreaking shift in political fundraising. This announcement follows closely on the heels of his rival, presumptive 2024 Republican nominee Donald Trump, who recently declared his intention for all remaining Bitcoin to be mined in the United States. Biden’s team is in discussions with cryptocurrency industry players to enable donations through Coinbase Commerce, a platform that facilitates merchant acceptance of various cryptocurrencies, The Block, reported. This move follows Trump’s campaign, which has already begun accepting digital currency contributions, including Shiba Inu, through the same service. The development - [MoonPay Expands Partnership with PayPal, Bringing Crypto Purchases to EU and UK](https://news.shib.io/2024/06/12/moonpay-expands-partnership-with-paypal-bringing-crypto-purchases-to-eu-and-uk/): MoonPay, a leading fiat-to-crypto payment infrastructure company, announced today the expansion of its successful partnership with PayPal to include users in 24 European Union member states and the United Kingdom. This follows a well-received launch in the U.S. last month, demonstrating a strong demand for seamless crypto purchases using trusted payment methods. The integration allows MoonPay users to leverage their existing PayPal accounts to buy over 100 cryptocurrencies, including popular choices like Bitcoin, Ethereum, and Shiba Inu (SHIB). This simplifies the process by eliminating the need for manual entry of payment details and offering users the flexibility to fund their - [100 Billion Liquidated in Major Crypto Market Selloff Amid Macroeconomic Concerns](https://news.shib.io/2024/06/12/100-billion-liquidated-in-major-crypto-market-selloff-amid-macroeconomic-concerns/): In a swift turn of events, the cryptocurrency market experienced a significant selloff this week, resulting in over $100 billion in asset liquidation. The market’s total capitalization plummeted from $2.55 trillion earlier in the week to $2.43 trillion today. This sharp decline was primarily triggered by Bitcoin losing its upward momentum, inciting panic selling among investors bracing for a heavy macroeconomic week ahead. Bitcoin’s price dropped by 4% over the past 24 hours, sinking from a 24-hour high of $70,195 to a low of $67,325, reflecting low buying interest in both spot and derivatives markets. As of the time of - [Shiba Inu Outperforms Other Tokens in Trading Frenzy, Rides on 500% Price Surge](https://news.shib.io/2024/06/12/shiba-inu-outperforms-other-tokens-in-trading-frenzy-rides-on-500-price-surge/): Shiba Inu has unleashed a ferocious rally, surging past its meme coin rivals in 24-hour trading volume and riding high on an astounding 500% price increase in recent months. This unexpected surge has thrust Shiba Inu into the spotlight, proving its resilience and potential for significant growth in the dynamic cryptocurrency market. The world’s second-largest dog-themed altcoin by market capitalization experienced a trading frenzy, surpassing other meme coins like Notcoin, Floki, and Bonk in 24-hour trading volume. A recent tweet from the cryptocurrency tracker Coinpedia Markets confirmed this remarkable feat, ranking Shiba Inu among the top 15 cryptocurrencies with a - [Shib's All Fired Up!](https://news.shib.io/2024/06/12/shibs-all-fired-up/): Read the latest edition of The Shib magazine here. - [Anonymous User Burns 225M SHIB, Burn Rate Surges 2,834%](https://news.shib.io/2024/06/12/anonymous-user-burns-225m-shib-burn-rate-surges-2834/): An anonymous user has burned 225,637,580 (225.64 million) SHIB tokens, worth approximately $4,964, in a single transaction. The transaction was recorded Tuesday at 17:25 UTC. The burn pushed Shiba Inu’s daily token destruction to an impressive total of 232.22 million SHIB, causing a 2,834% spike in the burn rate. The burn event is the biggest single burn recorded in the past 24 hours and highlights the growing commitment within the Shiba Inu community to reduce the circulating supply of SHIB. Burning tokens involves sending them to a dead wallet, effectively removing them from circulation, to boost the token’s value by - [Forbes Writer Crowns Shiba Inu as the Meme Coin with Real Bite](https://news.shib.io/2024/06/12/forbes-writer-crowns-shiba-inu-as-the-meme-coin-with-real-bite/): Shiba Inu, the world’s second-largest meme coin by market capitalization, has received unexpected praise and recognition from no less than Forbes, the premier global business publication. The article is an indicator of how the world of business is keenly watching Shiba Inu’s growth and have assessed it strengths as going beyond the prevalent stereotypical views of meme coins. Forbes contributor and technology influencer Sandy Carter on Tuesday lavished praise on SHIB in her article entitled “Laughing At Meme Coins Like Iggy Azalea’s Mother? Joke Might Be On You,” highlighting the project’s impressive technological advancements and growing significance in the crypto - [Zimbabwe Seeks Public Comments on Crypto Regulations Amid Financial Reforms](https://news.shib.io/2024/06/12/zimbabwe-seeks-public-comments-on-crypto-regulations-amid-financial-reforms/): Zimbabwe is making a significant move toward embracing the digital asset sector by calling for public comments to shape new cryptocurrency regulations. This initiative, reported by Bloomberg and corroborated by local media, marks a pivotal step in the country’s ongoing efforts to integrate innovative financial solutions into its economy. The Zimbabwean government is reaching out to both domestic and international cryptocurrency service providers, along with the general public, to gather comprehensive insights. The focus is on developing a regulatory framework that promotes innovation while ensuring security and compliance. A committee has been established to facilitate this dialogue, with a deadline - [Shiba Inu Price Explosion Imminent? Crypto Analyst Predicts 'Full Bull' Run After Summer Lull](https://news.shib.io/2024/06/12/shiba-inu-price-explosion-imminent-crypto-analyst-predicts-full-bull-run-after-summer-lull/): Shiba Inu, the world’s second-largest meme coin by market capitalization, is reportedly poised for a significant surge in value, according to a bullish prediction by a crypto advisor. The forecast has ignited excitement among the Shiba Inu community, sparking discussions about the potential for a “full bull run” in the near future. In a recent post, shared on Twitter (now rebranded as X), the self-proclaimed “crypto advisor” who uses the handle @Coachkcrypto, drew parallels between SHIB’s current market behavior and its past performance. They noted that after an initial surge following its July 2020 launch, SHIB experienced a period of - [ShibaSwap Levels Up: Empowers Users With Enhanced Analytics](https://news.shib.io/2024/06/11/shibaswap-levels-up-empowers-users-with-enhanced-analytics/): ShibaSwap, the popular decentralized exchange (DEX) of the Shiba Inu crypto project, just achieved a significant milestone with DEXTools integration. This powerful addition to the myriad of features of the DEX empowers ShibaSwap users with access to advanced decentralized finance (DeFi) analytics, marking a major step forward. With DEXTools supporting ShibaSwap, it is now empowered to offer its users a comprehensive suite of tools and analytics. This new collaboration elevates ShibaSwap’s capabilities, providing deeper insights into liquidity pools, trading volumes, and price movements. Users can now access real-time data and sophisticated charts, enhancing their ability to make informed trading decisions. - [Shiba Inu ETF Petition Reaches Milestone 10,000 Signatures](https://news.shib.io/2024/06/11/shiba-inu-etf-petition-gains-10000-signatures-indicating-strong-demand/): The Shiba Inu community, commonly known as the SHIB Army, is buzzing with anticipation as their petition for an exchange-traded fund (ETF) Shiba Inu ETF, crosses a significant milestone: 10,000 signatures. Initiated on Change.org, the petition has gained substantial traction over the past two months, fueled by the SHIB Army’s unwavering commitment. On July 10, the petition will mark its two-month anniversary, directed at Grayscale Investments’ former CEO Michael Sonnenshein. The SHIB Army’s statement, issued on Feb. 25, eloquently implores Grayscale to consider establishing a Shiba Inu ETF. The community recognizes Grayscale’s pivotal role in introducing Bitcoin and Ethereum ETFs - [EXCLUSIVE: Kusama 'Excited' for 'DeFi Dominance' as K9 Finance Lands a One-Two Punch: WEEX Listing, Shibarium Integration](https://news.shib.io/2024/06/10/exclusive-kusama-excited-for-defi-dominance-as-k9-finance-lands-a-one-two-punch-weex-listing-shibarium-integration/): Shytoshi Kusama, the pseudonymous lead developer behind the Shiba Inu crypto project, expressed his excitement for the project’s growing “DeFi dominance” as K9 Finance, a key partner and major player in the Shiba Inu ecosystem, lands a powerful one-two punch. The official liquid staking derivative (LSD) platform on Shibarium, has secured a listing for its $KNINE token on the Singapore-based WEEX exchange while simultaneously announcing the CEX’s groundbreaking integration with the SHIB’s layer-2 network. The official X (formerly Twitter) account of K9 Finance DAO announced on Monday a significant double victory for the Shiba Inu ecosystem. This strategic move not - [CME Group's Reported Plans for Spot BTC Trading Shows TradFi's Growing Acceptance of Digital Assets](https://news.shib.io/2024/06/10/cme-groups-reported-plans-for-spot-btc-trading-shows-tradfis-growing-acceptance-of-digital-assets/): The CME Group’s reported plans to launch Bitcoin trading will enhance the recognition of BTC and the broader digital assets market within traditional finance and attract a broader range of investors, analysts have said. The group’s plans, first reported by the Financial Times last month, are yet to be confirmed. The FT said the plan was to launch a Bitcoin trading platform through the group’s Swiss-based EBS currency trading venue. Matteo Greco, a research analyst at the publicly listed digital asset and fintech investment business Fineqia International (CSE:FNQ), told The Shib Daily that spot BTC trading on the CME would - [Bitcoin ETFs Now Hold Over $70 Billion in BTC: A Sign of Imminent Supply Crunch](https://news.shib.io/2024/06/10/bitcoin-etfs-now-hold-over-70-billion-in-btc-a-sign-of-imminent-supply-crunch/): Bitcoin is seeing unprecedented demand from ETFs, which now hold over $70 billion worth of Bitcoin, amounting to 5% of the total Bitcoin supply. This remarkable accumulation has sparked discussions about a looming supply crunch and the potential long-term implications for Bitcoin’s price and adoption. On June 9, it was reported that spot Bitcoin ETFs purchased 25,700 BTC in a single week, dwarfing the 2,250 BTC produced by miners. This trend highlights a growing imbalance between Bitcoin’s supply and demand, with ETFs demonstrating substantial interest from traditional investors. Daniel, a prominent X user, elaborated on the situation for The Shib - [Shibarium Expands Reach As Global Exchange Embraces SHIB's L2 Integration](https://news.shib.io/2024/03/23/shibarium-expands-reach-as-global-exchange-embraces-shibs-l2-integration/): A global centralized cryptocurrency exchange has unveiled a strategic integration of Shibarium into its platform, marking a significant milestone for Shiba Inu’s Layer-2 blockchain. This pivotal move not only amplifies the market presence of Shibarium but also signifies a transformative shift towards enhanced accessibility and innovation within the centralized exchange (CEX) ecosystem. BlueBitIO, an innovative trading and globally based Centralized Exchange (CEX) platform announced on Friday its collaboration with the Shiba ecosystem through the integration of Shibarium. “We’re thrilled to announce an exciting collaboration between Sparrows and the SHIB community! BlueBit has successfully integrated Shibarium, and we hope this partnership - [Shibarium Sets the Bar Higher: New Record TVL Unlocks Milestone Achievement](https://news.shib.io/2024/03/23/shibarium-sets-the-bar-higher-new-record-tvl-unlocks-milestone-achievement/): Shibarium has propelled itself to the forefront of the blockchain community by establishing a new record in Total Value Locked (TVL), achieving heights never before seen. This monumental accomplishment highlights the growing investor trust and excitement enveloping its innovative decentralized finance (DeFi) initiatives, marking a remarkable leaf forward heralded by growth and promising potential. A few weeks ago, in what seemed like a feat of prowess, Shibarium triumphantly crossed a significant threshold, processing a staggering 412 million transactions. Notably, over the past few days, it has witnessed a remarkable influx of 3.7 million transfers. This remarkable stride coincided with Ethereum’s - [Epic Shibarium Sunday: Unlock Your Share of Free NFTs at the Ultimate Giveaway Event!](https://news.shib.io/2024/03/23/epic-shibarium-sunday-unlock-your-share-of-free-nfts-at-the-ultimate-giveaway-event/): This Sunday, the X Spaces is poised to pulsate with energy as it hosts the eagerly awaited Shibarium party – dubbed the Ultimate Giveaway Event. This landmark occasion is set to usher in an unparalleled confluence of innovative minds and golden opportunities.  In an exciting announcement, Shibarium Tech’s marketing specialist who uses the X handle, @LucieSHIB, took to Twitter to update her impressive following of nearly 125,000 enthusiasts. With a tweet that quickly captured the imagination of the Shib Army and the broader crypto industry, Lucie hinted at a landmark occasion, offering attendees an exclusive opportunity to hear the latest - [Shiba Inu-Themed Restaurant Welly Partners with Edge Of Company](https://news.shib.io/2024/03/23/shiba-inu-themed-restaurant-welly-partners-with-edge-of-company/): Edge of Company has announced its partnership with projects and companies pioneering Web3, decentralized AI, and entertainment, among others. One of these partners is Welly, a Shiba Inu-themed fast-food restaurant based in Naples, Italy. In a recent tweet, Welly team member @coccoverse shared the announcement on X. Edge of Co. is a provider of tech, media, events, and advisory services to up-and-coming Web3, AI, and culture-focused businesses. The Daily Shib spoke to Cocco about this recent development. “In early March, part of our team flew to Denver for networking opportunities. During meetings, they connected with Richard Carthon and Josh Kriger, - [Bad Idea AI to Be Listed at Gate.io on March 27](https://news.shib.io/2024/03/22/bad-idea-ai-to-be-listed-at-gate-io-on-march-27/): Bad Idea AI is slated to be listed on the popular digital asset exchange Gate.io on March 27. The announcement is the latest in a series of strategic moves by Gate.io to expand its portfolio of tradable assets and provide its users with a diverse range of investment opportunities. Gate.io, a well-established platform for cryptocurrency trading, has been at the forefront of supporting promising projects. The exchange has recently launched margin trading for $BONE, the governance token of ShibaSwap, the native decentralized exchange (DEX) of the Shib project. The move has opened up new avenues for traders, allowing them to - [SHIB Army, Do You Resonate with This Meme?](https://news.shib.io/2024/03/22/shib-army-do-you-resonate-with-this-meme/): A meme is making waves on X (formerly Twitter) which, to some, may be scarily accurate. The meme humorously contrasts a muscular figure, symbolizing a flourishing crypto wallet, with a skinny figure representing a dwindling bank account. The stark contrast may resonate deeply with the Shib Army, highlighting the rapid growth of investments in cryptocurrencies like Shiba Inu compared to traditional banking. The meme, uploaded by a user with the X handle @naiivememe, encapsulates the reality of the digital age, where blockchain revolutions and decentralized finance innovations are taking center stage. For some members of the Shib Army, this isn’t - [Do Kwon Stays Put: Montenegrin Supreme Court Halts Extradition, Overrules Past Decisions](https://news.shib.io/2024/03/22/do-kwon-stays-put-montenegrin-supreme-court-halts-extradition-overrules-past-decisions/): In a series of legal volleys that raised eyebrows and birthed speculations, the Supreme Court of Montenegro executed a pivotal shift in the high-stakes extradition narrative of Do Kwon, the controversial CEO at the helm of Terraform Labs (TFL). With a decisive mandate issued on Friday, the court starkly reversed the trajectory set by two lower court rulings, grounding Kwon within Montenegro’s borders and averting his immediate transfer.  The dramatic pause comes against the backdrop of an earlier decision by the Montenegrin Appellate Court, siding with the High Court’s call to extradite crypto titan Kwon back to South Korea. This - [D3 Provides Update on Shib Name Transition Issues](https://news.shib.io/2024/03/22/d3-addresses-transition-concerns-from-sns-to-d3/): In a significant development for the Shib Army, D3 has issued a crucial update via X (formerly Twitter), addressing the concerns of those who encountered issues during the transition from SNS to D3. The tweet, which brings substantial relief for affected members, states: “If you had a #ShibName stuck in the Mantra smart contract during the transition from SNS to D3, your names have now been unlocked and sent to your wallets. Go to http://d3.app, connect your wallet and check out your names under ‘My Assets’.” The Shib Name Service (SNS) made its debut on Shibarium, marking a pivotal milestone - [Bullish SHIB Outlook:  Signals Suggest Further Upsurge, New ATH Within Reach](https://news.shib.io/2024/03/22/bullish-shib-outlook-signals-suggest-further-upsurge-new-ath-within-reach/): Shiba Inu (SHIB) saw a fervent surge Thursday, setting the Shib Army abuzz with excitement. Despite skeptics painting a somber picture for the dog-themed altcoin, astute observers fixated on technical indicators are uncovering a narrative brimming with potential for further gains. SHIB witnessed a remarkable price surge of over 8% Thursday, catapulting from an opening price of $0.000025 to an intraday high of $0.000027. Amid the volatility, the crypto momentarily dipped before staging a remarkable V-shaped recovery. This technical indicator signifies a rapid resurgence in market sentiment following an initial downturn, propelling the asset onto a trajectory of growth. It - [Google Integrates Ethereum Name Service Data into Search Results](https://news.shib.io/2024/03/22/google-integrates-ethereum-name-service-data-into-search-results/): In a significant development for the crypto community, search giant Google has seamlessly integrated Ethereum Name Service (ENS) data into its search engine results. The move enhances the visibility of crypto assets and simplifies the exploration of ENS domains. What Is ENS? The Ethereum Name Service (ENS) is a decentralized system that allows users to associate human-readable names with complex Ethereum addresses. Instead of relying on lengthy hexadecimal strings, ENS enables users to interact with crypto assets using familiar domain-like names. The integration of ENS data into Google’s search results is a significant step toward mainstream adoption. The crypto address information displayed in search results - [$SHEB Ranks 3rd in Top 10 ERC-404 Projects](https://news.shib.io/2024/03/22/sheb-ranks-3rd-in-top-10-erc-404-projects/): $SHEB has seen a significant surge in popularity recently. According to a tweet by BMoon Daily on March 22, SHIB currently ranks third among the Top 10 ERC-404 Projects based on their 24-hour trading volume. The news comes as a positive sign for $SHEB investors. The ERC-404 token standard is a novel approach that merges the functionalities of ERC-20 (fungible tokens) and ERC-721 (non-fungible tokens). This unique standard enables tokens to possess both fungible and non-fungible properties simultaneously. How does this work? By linking an ERC-721 token to an ERC-20 token, wherein the ERC-20 token solely represents a non-fungible token - [Crypto Alert: Apple Chip Flaw Enables Easy Private Key, Encrypted Data Theft; No Direct Fix](https://news.shib.io/2024/03/22/crypto-alert-apple-chip-flaw-enables-easy-private-key-encrypted-data-theft-no-direct-fix/): A critical flaw in Apple’s M chip series allows for easy private key and encrypted data theft by cybercriminals and malicious actors, putting crypto investors in a very vulnerable position when they do cryptographic functions on Mac and iPad devices. The mantra “Not your keys, not your coins” or “Not your keys, not your crypto,” has become extremely popular within the crypto sphere, especially after the crypto derivatives platform FTX started to unravel in October-November 2022. The popular expression means that investors cannot be certain of their crypto holdings unless they are stored in a wallet for which they personally - [Robinhood and Stealth EX io Embrace $BAD Token](https://news.shib.io/2024/03/22/robinhood-and-stealth-ex-io-embrace-bad-token/): The $BAD token (BAD IDEA AI) can now be stored on the Robinhood app’s decentralized finance (DeFi) wallet. The move not only provides a secure storage solution for $BAD holders but also enhances the token’s visibility with logo support on the platform. Robinhood is a commission-free investing app that allows users to buy and sell stocks, ETFs, and cryptocurrencies. Notably, the $BAD token has been making waves in the crypto community, becoming the most mentioned highlight meme coin on Crypto Insights in the last 24 hours. The surge in popularity is a testament to the token’s growing influence and to - [Is Welly Opening A Third Store?](https://news.shib.io/2024/03/22/is-welly-opening-a-third-store/): Welly is unstoppable. Welly’s second store, which is a franchise, is opening in the coming months. And now this. In the dynamic realm of fast-food innovation, whispers swirl: Is Welly on the brink of revealing its highly anticipated third store, igniting curiosity and anticipation among eager aficionados? Welly, whose origins can be traced back to its humble beginnings in Naples, has undoubtedly undergone a remarkable transformation since its collaboration with the Shiba Ecosystem in February 2022. Welly stands out as a pioneering blockchain-driven fast-food restaurant, representing one of the Shiba Ecosystem’s earliest real-world endeavors. Known for its pioneering integration of - [StanChart Forecasts BTC to Hit $150K by Year-End, Eyes $250K High by 2025](https://news.shib.io/2024/03/22/stanchart-forecasts-btc-to-hit-150k-by-year-end-eyes-250k-high-by-2025/): In the wake of Bitcoin’s latest all-time high, Standard Chartered has significantly updated its financial forecasts, indicating a stronger bullish outlook for the leading crypto. The bank now predicts a striking 50% increase from its previous forecast, anticipating that Bitcoin (BTC) will reach a monumental $150,000 by the end of 2024. This revised projection marks a substantial uplift from last year’s estimate, which pegged Bitcoin at a $100,000 value by year-end. The optimism doesn’t stop there. StanChart sees Bitcoin’s value soaring to $200,000 by 2025, especially if Spot Bitcoin ETF inflows maintain their steady momentum. This projection is underpinned by - [BONE ShibaSwap Skyrockets: Gains Double-Digit Growth and Industry-Wide Acclaim](https://news.shib.io/2024/03/22/bone-shibaswap-skyrockets-gains-double-digit-growth-and-industry-wide-acclaim/): Bone ShibaSwap (BONE)—the official gas token of Shiba Inu’s Layer-2 scalability solution, Shibarium—has blazed through the market, posting impressive double-digit gains. This rally isn’t just noise; it’s a thunderous applause from the crypto entities, signaling a resounding endorsement that’s echoing across the digital currency landscape. On Thursday, Coinpedia Markets, a crypto price tracking platform, spotlighted BONE in its daily Top 5 Crypto Market Update. Sitting in the third spot, BONE ranked above notable entities like Fantom and the SEC, only surpassed by industry titans Ethereum and BlackRock.  The update highlighted BONE’s extraordinary market performance, showcasing a 19% surge in its - [Intriguing: Tornado Cash Transaction Shows North Korea Allegedly Sends 1 ETH To BlackRock](https://news.shib.io/2024/03/21/intriguing-tornado-cash-transaction-shows-north-korea-allegedly-sends-1-eth-to-blackrock/): An intriguing transaction on Tornado Cash, allegedly originating from the shadowy corners of North Korea sent 1 ETH to the world’s largest investment company BlackRock. This transaction, seemingly unassuming in quantity, has nevertheless sent ripples through the crypto and financial spheres, igniting a flurry of speculation and intrigue. On Wednesday, the crypto sphere was set abuzz when an X user, known by the handle @icebergy_, unveiled a screenshot capturing a purported transaction via Tornado Cash. This transaction showcased a sender dispatching 1 Ethereum (ETH) directly into the crypto wallet of the financial powerhouse, BlackRock.  The tweet was intriguingly captioned “North - [Gate.io Launches Margin Trading for $BONE](https://news.shib.io/2024/03/21/gate-io-launches-margin-trading-for-bone/): Gate.io, a leading cryptocurrency exchange, has announced margin trading for $BONE, the governance token of the native decentralized exchange (DEX) of the Shib project, ShibaSwap. The move is expected to provide traders with increased opportunities and flexibility in the dynamic world of digital assets. Margin trading is a method of trading assets using funds provided by a third party. In contrast to traditional trading, margin trading allows traders to increase their investment amount by borrowing money. This can potentially lead to higher profits, as traders can invest more than their capital. However, it’s important to note that while margin trading can amplify - [Quick Fortune: Crypto Trader Transforms SHIB Trades into Over $23M Fortune in Just Two Months](https://news.shib.io/2024/03/21/quick-fortune-crypto-trader-transforms-shib-trades-into-over-23m-fortune-in-just-two-months/): Shiba Inu has emerged not just as a meme coin but as a maker of millionaires, boldly rewarding those who dare to navigate its volatile waves with their savvy investment and trading acumen. The latest tale to ripple through the crypto community is that of a daring trader who, in a stunning display of market mastery, transformed their trades into a colossal $23.5 million fortune in a mere span of two months.  Since its inception in August 2020, Shiba Inu has consistently defied skeptics, and this recent windfall is a testament to the unprecedented opportunities lurking in the depths of - [Crypto Crimes Pay for North Korea: UN Claims Hacks, Attacks Fuel 50% of Foreign Currency Gains](https://news.shib.io/2024/03/21/crypto-crimes-pay-for-north-korea-un-claims-hacks-attacks-fuel-50-of-foreign-currency-gains/): The United Nations Security Council has shed light on an alarming trend: North Korea has a lucrative business involving cryptocurrency hacks and attacks which is a central pillar of its economic strategy. It contributes to roughly half of its foreign currency revenues. This clandestine operation has reportedly netted the hermit country billions of dollars, with the funds suspected to be funneled into its contentious weapons programs, intensifying international apprehensions about global security.  The United Nations Security Council unveiled the conclusions of a comprehensive investigation conducted by a panel of experts into the enforcement of sanctions against North Korea this Wednesday. The report - [Shiba Inu Burn Rate Surges 131% in 24 Hours](https://news.shib.io/2024/03/21/shiba-inu-burn-rate-surges-131-in-24-hours/): The cryptocurrency market is showing signs of recovery from the recent price crash, and Shiba Inu (SHIB), the popular meme coin, is riding this wave of positivity. Data from Shibburn reveals that the burn rate of Shiba Inu has surged by 131% in the last 24 hours. The total number of SHIB tokens burnt from the initial supply is approximately 410.72 trillion. The maximum total supply of SHIB is nearly 1 quadrillion (999.98 trillion), while the total supply is about 589.28 trillion. The circulating supply, which refers to the number of coins available for trading, stands at approximately 582.63 trillion. - [Pundits Throw Down: SEC's Alleged Plan of Classifying Ethereum a Security Is Off Base](https://news.shib.io/2024/03/21/pundits-throw-down-secs-alleged-plan-of-classifying-ethereum-a-security-is-off-base/): Industry pundits are stepping up to challenge the SEC’s latest gambit—a plan rumored to classify Ethereum as a security.  A report that the U.S. Securities and Exchange Commission (SEC) has issued several subpoenas to companies viewed as an attempt to label Ethereum, the world’s second-largest crypto asset by market capitalization, as a security surfaced on Wednesday, raised concerns among investors and experts. While some viewed the move as the SEC’s way of denying the spot Ethereum ETF proposals of several Wall Street giants, others think that the move by the commission is not only “illegal” but is also causing “confusion - [A Blow To US Efforts: Montenegro Upholds Decision, Denies Do Kwon's Extradition Appeal](https://news.shib.io/2024/03/20/a-blow-to-us-efforts-montenegro-upholds-decision-denies-do-kwons-extradition-appeal/): The Montenegrin Appellate Court has upheld the High Court’s verdict, ruling that Do Kwon, the beleaguered CEO of Terraform Labs, should be extradited to South Korea, despite a concurrent extradition claim from the U.S. where he was accused of financial crimes related to the spectacular crash of TerraUSD and LUNA.  “The Appellate Court of Montenegro, after the session of the panel on March 20, 2024, by decision Kvž. no. 179/24 rejected the appeal of the defense attorneys of the defendant Kwon Do Hyeong and confirmed the decision of the Higher Court in Podgorica Kv. no. 265/24 dated March 6, 2024,” - [SHIB's Power P(l)ay](https://news.shib.io/2024/03/20/shibs-power-play/): Read the latest edition of The Shib magazine here. - [Uzbekistan Increases Monthly Fees for Crypto Market Operations](https://news.shib.io/2024/03/20/uzbekistan-increases-monthly-fees-for-crypto-market-operations/): Uzbekistan’s National Agency for Prospective Projects (NAPP) has set its sights on enhancing revenue streams from the burgeoning cryptocurrency market. In a move announced on Tuesday, March 19, 2024, the agency, the authorized body for the development of the circulation of crypto-assets, capital market, insurance, and e-commerce, released a new directive to overhaul the fee structure for crypto market participants across the country. The mandate, poised to take effect on June 20, 2024, signifies a significant shift in the financial landscape of Uzbekistan’s crypto sector. The updated fee framework, introduced as an amendment to a directive initiated by the Ministry - [Mysterious Whale Dives into Shiba Inu Market with $8.62 Million Purchase](https://news.shib.io/2024/03/20/mysterious-whale-dives-into-shiba-inu-market-with-8-62-million-purchase/): Data from Arkham Intelligence has revealed that an undisclosed entity has made a significant acquisition, purchasing a staggering 332.665 billion SHIB tokens. The total value of this purchase is approximately $8.62 million, given the current token price of $0.0000257. The transaction, which is linked to the address “0x7976,” was carried out in two large tranches over the last five hours. The first tranche, comprising 320.99 billion SHIB, was transferred from another anonymous address, “0x1de7.” This address is now devoid of Shiba Inu tokens. Following this, a secondary transfer of 11.676 billion SHIB, valued at nearly $300,000, was executed from the - [LaborX Unlocks New Payment Method: $SHEB Now Accepted](https://news.shib.io/2024/03/20/laborx-unlocks-new-payment-method-sheb-now-accepted/): LaborX, a leading platform in the freelance industry, has announced the latest development in the cryptocurrency payments world. In a recent tweet, the platform unveiled its support for $SHEB, also known as the SHEBOSHIS. SHEBOSHIS, denoted by the ticker symbol $SHEB, serves as the designated counterpart to the Shiboshis, signifying a notable achievement within the Shib ecosystem. The digital asset, backed by the DN-404 standard, is now integrated into LaborX’s payment system, offering freelancers an exciting new option for receiving compensation. The integration of $SHEB into LaborX adds to the growing list of top-tier companies embracing payment methods involving Shib - [Shiba Inu Fever Goes Global: Worldwide Interest Hits Record-Breaking Levels](https://news.shib.io/2024/03/20/shiba-inu-fever-goes-global-worldwide-interest-hits-record-breaking-levels/): The Shiba Inu fever is taking the world by storm as global interest surges to unprecedented heights, driving record-breaking levels not seen since 2021 when it reached its all-time high price and made a lot of millionaires. Over the past month, countries including the Netherlands, Pakistan, Slovenia, Canada, the United States, Switzerland,  the United Arab Emirates, Austria, Belgium and Singapore have played significant roles in propelling Shiba Inu to its highest point in two years, based on Google Trends, a valuable tool that provides insights into the daily search queries made on the popular search engine. Furthermore, in the past - [Early Bitcoin Investor Shifts Strategy, Reveals Plan to Exchange Cardano for Shiba Inu](https://news.shib.io/2024/03/20/early-bitcoin-investor-shifts-strategy-reveals-plan-to-exchange-cardano-for-shiba-inu/): Renowned early Bitcoin investor Davinci Jeremie, in a short clip that surfaced on the social media platform X (formerly Twitter) very recently, shared his plan to swap his Cardano (ADA) holdings for Shiba Inu (SHIB).  Last year, a TikTok video uploaded by user @cryptok.my, later shared on X by Shib Army SHIB Bezos, featured Jeremie displaying his “physical cryptocurrencies.” When asked which one he would sell, Jeremie replied, “Well, I will hold on[to] Bitcoin and I’m gonna be selling Cardano, for my Shiba and DOGE.” Jeremie, a software developer and enterprise-level system designer, has been a Bitcoin adopter since March - [SBF's Legal Team Slams DOJ's 'Disturbing' Sentencing Memo](https://news.shib.io/2024/03/20/sbfs-legal-team-slams-dojs-disturbing-sentencing-memo/): A legal showdown is underway as lawyers representing former cryptocurrency exchange magnate, Sam Bankman-Fried (SBF), launched a scathing attack on the Department of Justice’s sentencing memorandum. The lawyers have condemned the proposed 50-year imprisonment sentence for their client. Describing the DOJ’s stance as “disturbing” and “marked by hostility,” the legal team penned a letter to Judge Lewis Kaplan off the United States District Court for the Southern District of New York on March 19, vehemently contesting the severity of the recommended punishment. Bankman-Fried, formerly hailed as the “King of Crypto,” was convicted of fraud and money laundering after a month-long - [Shiba Inu Sets Sights on Top Spot, Predicts End of Dogecoin Dominance](https://news.shib.io/2024/03/20/shiba-inu-sets-sights-on-top-spot-predicts-end-of-dogecoin-dominance/): The Shiba Inu team has once again made waves in the cryptocurrency world with a bold proclamation aimed at their biggest rival, Dogecoin. In a recent tweet, the Shiba Inu team asserted their unwavering commitment to surpassing Dogecoin in valuation, signaling that the days of Dogecoin’s dominance as the leading meme coin are numbered. The bold assertion comes hot on the heels of the cryptocurrency trading platform Crypto.com’s acknowledgment of SHIB as the second most valuable meme-inspired project. However, the Shiba Inu team made it clear that they are not content with the second place, stating, “#2 today, but the - [Shibarium Meme Coin DAMN Explodes: Witnesses Double-Digit Price Surge Overnight](https://news.shib.io/2024/03/20/shibarium-meme-coin-damn-explodes-witnesses-double-digit-price-surge-overnight/): The recent explosive debut of a meme coin on Shiba Inu’s Layer-2 scalability solution Shibarium underscores the popularity and potential the chain holds, as well as the vibrant community backing it. As the meme coin craze erupted in the cryptocurrency market, with the frenzy leading to rapid price increases , the Shiba Inu community came up with an experimental meme coin dubbed DAMN on Shibarium.  Launched Monday, DAMN, hailed as the “SOL Killer,” recorded a double-digit price surge within just a day. Targeted to rival the rising tokens on the Solana blockchain, DAMN swiftly attracted attention and became one of - [May Approval Unlikely for ETH ETFs: Analysts See Big Red Lights in SEC Approach](https://news.shib.io/2024/03/20/may-approval-unlikely-for-eth-etfs-analysts-see-big-red-lights-in-sec-approach/): Hopes for the SEC’s approval of Ethereum exchange-traded funds (ETF), which was expected to come in May, may have been dashed, according to an ETF analyst. On Tuesday, the U.S. financial watchdog postponed its decision on Hashdex and Ark 21Shares’ ETF proposals, setting the stage for a final verdict in late May. The likelihood of spot Ether ETFs securing approval in May has diminished, noted Bloomberg ETF analyst James Seyffart. This surprising shift in sentiment among industry analysts on the future of U.S. Ethereum ETFs stemmed from their observation of recent developments. Earlier this month Seyffart and his fellow Bloomberg - [Badideas.ai to Debut a Weekly YouTube Series, Partners with OracleAI](https://news.shib.io/2024/03/20/badideas-ai-to-debut-a-weekly-youtube-series-partners-with-oracleai/): Badideas.ai, the news platform powered by Bad Idea AI, will launch a weekly YouTube series to provide regular updates on the latest news within the Bad Idea AI ecosystem. The YouTube show will offer a platform to discuss the project’s most recent developments, with a focus on discussing topics like artificial intelligence (AI), decentralized autonomous organizations (DAOs), governance, and security in crypto. It will be hosted by a prominent influencer, who is yet to be named, and will give Bad Idea AI’s partner projects a chance to introduce their work to its community through a dedicated segment. Badideas.ai also teamed - [Meme Coin Craze: Over $2.6M In Crypto Vanishes In Brazen Solana Scam By Fake Influencer](https://news.shib.io/2024/03/19/meme-coin-craze-over-2-6m-in-crypto-vanishes-in-brazen-solana-scam-by-fake-influencer/): The latest meme coin craze has catapulted both new and existing digital tokens into the stratosphere, driven by an intoxicating blend of social media frenzy, influencer endorsements, wild trading and the all-too-familiar Fear Of Missing Out (FOMO). Amid this digital gold rush, savvy yet sinister players have found crafty methods to dupe the unwary. A glaring instance of this trend is the audacious Solana scam, where over $2.6 million in cryptocurrency vanished into thin air, masterminded by a fraudster masquerading as a crypto influencer. An individual impersonating renowned crypto influencer Ansem (@blknoiz06) conned individuals out of over $2.6 million in - [MicroStrategy Acquires More Bitcoin, Now Holds Over 1% of Total Supply](https://news.shib.io/2024/03/19/microstrategy-acquires-more-bitcoin-now-holds-over-1-of-total-supply/): MicroStrategy, the world’s largest corporate holder of Bitcoin (BTC), has acquired an additional 9,245 bitcoins for approximately $623.0 million.  The business intelligence company purchased 9,245 BTC using funds from a recent offering and additional cash. The notes used for this purchase had a total principal amount of $603.75 million, with $78.75 million exercised by initial purchasers within a 13-day timeframe. The completion of this transaction on March 18 primarily involved private offerings to qualified institutional buyers under Rule 144A of the Securities Act of 1933, according to a new filing with the U.S. SEC today. As of March 18, 2024, - [US Court Forces SEC to Foot Debt Box's Legal Bill; Agency Seeks $158M Additional Funding](https://news.shib.io/2024/03/19/us-court-forces-sec-to-foot-debt-boxs-legal-bill-agency-seeks-158m-additional-funding/): The U.S. Securities and Exchange Commission (SEC) is now under fire as a federal judge has mandated the agency to cover legal expenses for DEBT Box. This ruling follows the SEC’s recent request to Congress for a $158 million extra funding, citing evolving market dynamics, notably in the cryptocurrency sphere, which it described as the “Wild West.” Last year, the watchdog initiated legal action against DEBT Box, a Utah-based cryptocurrency firm, accusing it of fraudulent activities. This led to the imposition of a temporary asset freeze and a restraining order against the company.  The SEC alleged that DEBT Box misrepresented - [Japan's $1.5 Trillion Pension Fund Seeks Info on Bitcoin for Portfolio Expansion](https://news.shib.io/2024/03/19/japans-1-5-trillion-pension-fund-seeks-info-on-bitcoin-for-portfolio-expansion/): The Government Pension Investment Fund (GPIF), the world’s largest pension fund, has announced it is seeking information on Bitcoin for portfolio expansion. The GPIF stated it seeks “basic knowledge about the assets targeted for information provision” and wants to understand “how overseas pension funds incorporate them into their portfolios.” The GPIF, which manages over $1.5 trillion in assets is the world’s largest pension fund. It is responsible for investing the retirement savings of over 67 million Japanese citizens. The move is a significant development for Bitcoin, as it signals that the world’s largest pension fund is taking the asset seriously. - [Get Ready for Takeoff: Shiba Inu Value Could Skyrocket 225% Pre-Bitcoin Halving](https://news.shib.io/2024/03/19/get-ready-for-takeoff-shiba-inu-value-could-skyrocket-225-pre-bitcoin-halving/): Despite its current downturn, part of the wider correction seen across the cryptocurrency market, Shiba Inu is positioned for a potential 225% surge a few days before the eagerly awaited Bitcoin Halving event. This projection underscored the possibility of SHIB going beyond its previous peak of $0.00008616, recording a new all-time high (ATH) price of $0.00009. On-chain metrics and price prediction firm CoinCodex revealed that SHIB’s value is anticipated to skyrocket by a staggering 231.76%, targeting a price point of $0.00008518 by April 17, three days before the Bitcoin Halving event scheduled on April 20. Underpinning this optimistic projection are - [UK Financial Regulator Plans Crypto Market Abuse Regime in 2024](https://news.shib.io/2024/03/19/uk-financial-regulator-plans-crypto-market-abuse-regime-in-2024/): The Financial Conduct Authority (FCA), the U.K.’s main regulatory body for financial markets, announced its intention to establish a market abuse regime for crypto assets in its 2024-2025 business strategy released Tuesday. The move aligns with the government’s consultation paper published last year, which outlined plans for such a regime. The market abuse regime aims to achieve three key objectives: The proposed regime is expected to place responsibility on crypto exchanges to identify and disrupt manipulative behaviors. This could involve implementing transaction monitoring systems and reporting suspicious activity to the FCA. The FCA already has a promotions regime in place - [Andrew Tate Claims He Made $85 Million Last Bull Run](https://news.shib.io/2024/03/19/andrew-tate-claims-he-made-85-million-last-bull-run/): Controversial figure Andrew Tate, facing charges in Romania for human trafficking and rape allegations that he denies, has weighed in on the cryptocurrency market through a recent post on social media platform X. “There’s meme coins that’s great,” Tate wrote on X. “But each bull run there are the genuinely technological useful or innovating blockchain coins. Last bull run was Defi land. Made 85M on pancake. Do you know what they are this bull run?” Tate’s tweet references DeFi Land, a play-to-earn blockchain game that saw significant growth in the last bull run. He claims to have made a substantial - [Breaking New Ground: Users Can Now Top Up Grab Pay With Cryptocurrency](https://news.shib.io/2024/03/19/breaking-new-ground-users-can-now-top-up-grab-pay-with-cryptocurrency/): Following its integration of a Web3 crypto wallet and the introduction of Non-Fungible Token (NFT) guidance last year, Grab, Southeast Asia’s super-app and largest ride-hailing platform, is now extending its reach by enabling users to seamlessly top up their e-wallets with cryptocurrencies. Currently exclusive to users in Singapore, this latest feature–crypto top-ups in GrabPay Wallet–was rolled out on March 12 and was made possible by Grab’s recent collaboration with the payments firm Triple-A. So far, Grab has introduced five crypto assets such as Bitcoin (BTC), Ether (ETH), Tether (USDT), USD Coin (USDC) and XSGD, the Singapore dollar-backed stablecoin. “From arranging - [Giggle Academy: Binance's CZ Announces Hiring Drive for New 'Zero-Revenue' Project](https://news.shib.io/2024/03/19/giggle-academy-binances-cz-announces-hiring-drive-for-new-zero-revenue-project/): Changpeng Zhao, the founder and former CEO of Binance, broke his silence on social media after several weeks to not only reveal his latest non-crypto project but also to announce a hiring drive for his free education platform. Following his resignation as the CEO of Binance, the world’s largest crypto exchange platform by trading volume, last November after pleading guilty to a money laundering charge in the U.S., CZ as he is more popularly known in the crypto space, said that he will take a hiatus. However, he also hinted at the time that he might offer mentorship or coaching - [CZ Tweets New Project Amidst Legal Turmoil](https://news.shib.io/2024/03/18/cz-tweets-new-project-amidst-legal-turmoil/): Changpeng Zhao, the embattled former CEO of Binance, sparked curiosity on his social media account (@cz_binance) with a cryptic tweet on Sunday. The tweet stated: “Launching a new project. No, no new tokens. Education project. More details soon.” Zhao, who resigned as CEO of Binance in November 2023, pleaded guilty to failing to implement proper anti-money laundering (AML) policies at the world’s largest cryptocurrency exchange platform by trading volume. This plea was part of a wider agreement with prosecutors that allowed Binance to continue operations. His sentencing was originally scheduled for February 23rd but has been delayed by U.S. District - [K9 Finance's $KNINE Gains Ground with MEXC Listing](https://news.shib.io/2024/03/18/k9-finance-brings-shibariums-defi-muscle-to-mexc-with-airdrop-and-listing/): In a strategic move that marks a significant milestone for K9 Finance, MEXC Global, a leading cryptocurrency exchange, has officially announced the listing of the KNINE token. The inclusion of $KNINE on MEXC Global is poised to enhance liquidity and accessibility for the token, potentially accelerating its adoption among a wider audience of investors and crypto enthusiasts. This listing reflects K9 Finance’s commitment to expanding its ecosystem and the increasing investor interest in niche tokens that offer unique value propositions. Furthermore, the partnership between K9 Finance and MEXC Global underscores a strategic alignment in the pursuit of innovation within the - [No Longer A Joke: Meme Coins Emerge As New Asset Class](https://news.shib.io/2024/03/18/no-longer-a-joke-meme-coins-emerge-as-new-asset-class/): Since their debut in the cryptocurrency arena, meme coins—altcoins inspired by internet memes, jokes, and satire, often seen as lacking “inherent value”—have surpassed their humorous beginnings. This unique category of crypto asset is now being recognized as a legitimate asset class. Meme coins, known for their volatility and strong community backing, have experienced a wide range of performance outcomes in the cryptocurrency market, particularly between February and March of this year, where Shiba Inu surged to as high as 203% and Dogecoin 100%, data from crypto market intelligence firm Messari. According to the report, Dogecoin and Shiba Inu not only - [Shiba Inu’s Cryptic Tweet Sparks Excitement Amid Market Turbulence](https://news.shib.io/2024/03/18/shiba-inus-cryptic-tweet-sparks-excitement-amid-market-turbulence/): The Shiba Inu community is buzzing with anticipation after a cryptic tweet from the Shiba Inu team hinted at a soaring trajectory for the popular altcoin, SHIB. Against the backdrop of recent market volatility, this enigmatic message has ignited speculation and excitement among crypto enthusiasts worldwide. The Cryptic Tweet The tweet, posted by the official Shiba Inu handle (@Shibtoken), comes amidst a recent pullback in the overall market. The tweet features a short video clip that portrays Shiba Inu as a symbolic replacement for the iconic bat sigil from the DC movie Batman. In the clip, the Shiba Inu logo takes center - [Current Bitcoin Behavior Has Hallmarks Of Emerging Bull Market: Analyst](https://news.shib.io/2024/03/18/current-bitcoin-behavior-a-hallmark-of-emerging-bull-market-analyst/): Bitcoin, the world’s oldest crypto asset, is exhibiting early signs of entering a bull market, characterized by distinctive trading patterns and robust investment inflows. Despite experiencing volatility, the continued influx of investments and historical trends indicate that Bitcoin is primed for a significant upturn, according to a research analyst. Bitcoin ended the previous week with a slight dip, settling at about $68,400, reflecting a 0.8% decrease from the prior week’s close of $69,000. Over the past week, the king of crypto experienced notable volatility, with its value swinging by 13.4%, Matteo Greco, research analyst at the publicly listed digital asset - [Mysterious Whale Accumulates 500.85 Billion SHIB From Coinbase](https://news.shib.io/2024/03/18/mysterious-whale-accumulates-500-85-billion-shib-from-coinbase/): A large cryptocurrency investor, often referred to as a “whale,” has accumulated a significant amount of Shiba Inu (SHIB) tokens, according to on-chain data analysis by The DATA NERD. The entity created seven new wallets and transferred exactly 71.55 billion SHIB (approximately $2.05 million) from each wallet to Coinbase this Monday. This translates to a total accumulation of 500.85 billion SHIB, valued at roughly $14.35 million. This move coincides with a recent surge in SHIB ‘s price. Over the past 24 hours, the native token of the Shiba ecosystem has experienced double-digit growth, reaching a peak of 26% at one - [$DAMN, A Meme Coin On Shibarium, Takes Top Spot On DEXTools](https://news.shib.io/2024/03/18/damn-a-meme-coin-on-shibarium-takes-top-spot-on-dextools/): $DAMN, a meme coin on Shibarium, has surged to the number one trending spot on DEXTools, a platform for decentralized exchange (DEX) tracking and analysis. DEXTools allows users to monitor trading activity, liquidity pools, and other key metrics across various DEXs. Trending tokens are typically those experiencing significant price or volume increases. $DAMN, also referred to as the “Sol killer” by some in the online community, has garnered attention for its launch on Shibarium, the Layer 2 scaling solution for the Shib ecosystem. It’s important to note that $DAMN is not a Shib ecosystem token. Regardless, its association with Shibarium - [Bitcoin Inches Closer to Major ‘Danger Zone’ as Halving Nears: Analyst](https://news.shib.io/2024/03/18/bitcoin-inches-closer-to-major-danger-zone-as-halving-nears-analyst/): Bitcoin, the flagship cryptocurrency, is on the brink of entering a critical phase known as the “Danger Zone,” according to crypto trading expert Rekt Capital. This zone historically precedes significant price corrections and retracements before the highly anticipated Bitcoin Halving event. Let’s break down what this means and why it matters. The “Danger Zone” Defined Rekt Capital’s recent tweet on March 18, 2024, stated: Current Situation As of now, BTC is 30 days away from the upcoming halving. However, it has recently pulled back by 11% during the past week. This decline has caught the attention of traders and investors, especially given the - [Shibarium Hits New Heights: Milestone Achieved As L2 Rivals' Transactions Surge Post-Dencun Upgrade](https://news.shib.io/2024/03/18/shibarium-hits-new-heights-milestone-achieved-as-l2-rivals-transactions-surge-post-dencun-upgrade/): Shiba Inu’s forefront layer-2 scalability solution, Shibarium set the pace in the crypto sphere. While rival L2 networks reported seeing a remarkable surge in transactions post-Dencun upgrade, Shibarium remained unfazed. Its unparalleled performance has propelled it to a major milestone, surpassing 412 million total transactions, solidifying its position as the fresh but unstoppable force in the industry. Shibarium proudly achieved a major milestone, having processed more than 412 million transactions, with an impressive influx of over 3.7 million transfers recorded in recent days. Notably, this accomplishment came as the blockchain’s daily transaction output remained consistent, maintaining a level of 1 - [Damage Control: Prosecutors Reveal Bankman-Fried's Plan For Image Rehabilitation After FTX Fallout](https://news.shib.io/2024/03/18/damage-control-prosecutors-reveal-bankman-frieds-plan-for-image-rehabilitation-after-ftx-fallout/): As the countdown to Sam Bankman-Fried’s sentencing, the co-founder of the defunct FTX crypto derivatives platform approaches its final stretch of just ten days, prosecutors have unveiled a series of elaborate schemes reportedly concocted by the embattled mogul. These revelations shed light on Bankman-Fried’s desperate attempts to evade imprisonment in the aftermath of his arrest. Attached to the U.S. government’s sentencing memorandum, a Google document exposed a startling compilation of “random and probably bad ideas” attributed to Bankman-Fried. These notions, conceived in a bid to salvage his beleaguered public image, offer insight into the desperate measures undertaken by the embattled - [Defying Odds: SHIB Surpasses Bitcoin And Ethereum With Stellar Year-On-Year Growth; Surges Double-Digit Overnight](https://news.shib.io/2024/03/18/defying-odds-shib-surpasses-bitcoin-and-ethereum-with-stellar-year-on-year-growth-surges-double-digit-overnight/): Shiba Inu shattered expectations, clinching a spot among this year’s crypto elite by outperforming market titans Bitcoin and Ethereum. Demonstrating its tenacity, SHIB bounced back with a double-digit surge in value overnight after a spell of downturns, showcasing its robust market resilience. Bitcoin has been dominating headlines this year, boasting an impressive 64% surge and smashing through a record-breaking new all-time high price of $73,000. This remarkable performance of the world’s pioneering cryptocurrency is primarily attributed to the debut of official spot Bitcoin exchange-traded funds (ETFs) in the U.S., triggering an unparalleled surge in demand. Following suit, Ethereum, the second-largest - [After Shifting Over $500,000 in SHIB, Justin Sun-Linked Wallets Execute 37 Billion Shiba Inu Transfer](https://news.shib.io/2024/03/17/after-shifting-over-500000-in-shib-justin-sun-linked-wallets-execute-37-billion-shiba-inu-transfer/): In a strategic maneuver that has captivated the crypto community, notably the Shib Army, wallets associated with cryptocurrency entrepreneur Justin Sun orchestrated a series of high-value transactions involving Shiba Inu (SHIB) tokens very recently. These activities follow a movement of SHIB tokens worth over $500,000 earlier this month, prompting speculation among investors and enthusiasts alike on Sun’s continued involvement in the cryptocurrency market. Last Friday, a Chinese crypto tracking service dubbed AI Auntie, flagged two significant transactions made by wallet addresses associated with Sun. One of the transactions involved moving 30 billion SHIB worth about $900,000 from one of Sun’s - [Shiboshi NFTs Lead Quiet Revolution In SHIB Token Burns](https://news.shib.io/2024/03/17/shiboshi-nfts-lead-quiet-revolution-in-shib-token-burns/): Shiboshis, a collection of 10,000 exclusive Shiba Inu generated Non Fungible Tokens (NFTS),  leads a silent but transformative revolution, playing a key role in diminishing the circulating supply of SHIB tokens through deliberate and strategic burning efforts. The Shiba Inu community, affectionately referred to as the Shib Army, has expressed a fervent desire to decrease the circulating supply of its native token of Shiba Inu (SHIB), the native token of the Shiba Inu ecosystem. Shibarium, Shiba Inu’s layer-2 scalability network, plays a leading role in the community’s endeavors to burn SHIB, having eliminated a total of 33 billion SHIB in - [Investor Confidence Peaks: Whales Spend Billions For Trillions Of SHIB Amid Price Drop](https://news.shib.io/2024/03/17/investor-confidence-peaks-whales-spend-billions-for-trillions-of-shib-amid-price-drop/): Amid the cryptocurrency market downturn, and despite the 29% plunge in its value over the past week, Shiba Inu has witnessed an unprecedented surge in investor confidence. Whales boldly stepped in, spending billions to accumulate trillions of tokens, signaling a robust belief in the asset’s resilience and future potential. This weekend, the market painted a stark picture of volatility, with many digital currencies trading in the red. However, this dip has not deterred investors’ enthusiasm for SHIB. On the contrary, confidence in Shiba Inu has markedly surged, with high-net-worth investors, often referred to as whales, spending billions of dollars to - [Shiba Inu Still Set For New All-Time High Despite Recent Price Dip: Analyst](https://news.shib.io/2024/03/16/shiba-inu-still-set-for-new-all-time-high-despite-recent-price-dip-analyst/): Shiba Inu is currently navigating a period of consolidation following a robust uptrend earlier this month. However, optimism reigns amid momentary stabilization as a crypto analyst hinted at SHIB’s readiness for another significant breakout, propelling its value to $0.000081 and further surging by a staggering 90%, potentially setting a new all-time high (ATH). The native token of the Shiba Inu ecosystem has surged by an impressive 280% from $0.00001178 at the end of February to $0.00004456 on March 5, catching many traders off guard amidst a bullish market. This price rally was accompanied by a remarkable uptick in trading volume, - [Pro-Bitcoin President Reaffirms Bullish BTC Strategy Amid Stunning 55% Profit Surge](https://news.shib.io/2024/03/16/pro-bitcoin-president-reaffirms-bullish-btc-strategy-amid-stunning-55-profit-surge/): El Salvador President Nayib Bukele has reasserted the nation’s bullish Bitcoin investment strategy while celebrating a remarkable 55% return on its BTC investment under his forward-thinking, pro-Bitcoin regime. Following the announcement of relocating El Salvador’s initial “Bitcoin piggy bank” into a secure cold wallet and then to a physical vault, President Nayib Bukele took to the social media platform X (previously known as Twitter) to reassert the nation’s steadfast commitment to its Bitcoin acquisition strategy. “The 1 Bitcoin a day program just deposited today’s Bitcoin. This continues until #Bitcoin becomes unaffordable with fiat currencies,” Bukele said in a tweet, which - [US DOJ Demands Maximum Penalty: 40-50 Years Prison Sentence For SBF's Fraud, Conspiracy Charges](https://news.shib.io/2024/03/16/us-doj-demands-maximum-penalty-40-50-years-prison-sentence-for-sbfs-fraud-conspiracy-charges/): U.S. prosecutors have issued a resolute call for justice, pressing for an unprecedented 40-50-year incarceration for Sam Bankman-Fried, the brain behind FTX’s meteoric rise and dramatic collapse. Bankman-Fried, a figure constantly in the spotlight since his advent into the cryptocurrency realm, now finds himself entangled in a riveting legal drama. Once hailed as the “golden boy” of crypto, known colloquially as SBF within the industry, he now faces the daunting prospect of a century-long imprisonment, convicted on seven counts of fraud and conspiracy.  These charges are intrinsically linked to the tumultuous demise of his once-revered cryptocurrency empire, which once reigned - [SOON No More: Shytoshi Kusama Drops Major 'Shiba Eternity' News](https://news.shib.io/2024/03/15/soon-no-more-shytoshi-kusama-drops-major-shiba-eternity-news/): The Shib Army, brimming with anticipation for the chance to dive into “Shiba Eternity,” received exhilarating news from Shytoshi Kusama, who unveiled a significant update on the Shib ecosystem’s collectible card game (CCG).  Amidst a flurry of activities, including a burgeoning crypto bull run and the establishment of strategic alliances with key industry figures, Kusama has maintained a close connection with the community, often engaging directly in discussions and keeping a pulse on the ecosystem’s heartbeat. Very recently, the visionary leader was at the official Discord of Shibarium Tech and was asked by Da Vinci, the pseudonymous admin of the - [Anticipation Builds: Shiba Inu's Kusama Sneaks In a Book Update Amid Hectic Schedule](https://news.shib.io/2024/03/15/anticipation-builds-shiba-inus-kusama-sneaks-in-a-book-update-amid-hectic-schedule/): Within the tempest of their bustling schedule and professional commitments, Shytoshi Kusama, the enigmatic lead developer of the Shib ecosystem, has skillfully carved out a moment to offer a crucial glimpse into the progress of his eagerly awaited book. First unveiled amidst fervent excitement last August, Kusama’s forthcoming book, 44 Tenets To Triumph In Crypto: An Insider’s Perspective, promises a unique journey blending ancient wisdom with cutting-edge cryptocurrency insights, all from the distinctive vantage point of a revered crypto visionary. However, amid the mounting anticipation and the community’s eagerness to dive into Kusama’s wisdom, here comes a twist in the tale: - [K9 Finance & Mantra DAO Partnership Could Supercharge Shibarium's TVL](https://news.shib.io/2024/03/15/k9-finance-mantra-dao-partnership-could-supercharge-shibariums-tvl/): Shibarium, an offshoot of the Ethereum blockchain focused on scaling solutions for Shiba Inu (SHIB), could soon get a major boost. A groundbreaking partnership between K9 Finance, the developers behind the knBONE token, and Mantra DAO, a leading DeFi protocol, promises to significantly increase Shibarium’s Total Value Locked (TVL) and reshape the way the entire chain operates. The collaboration hinges on the concept of “liquid NFTs.” Mantra DAO specializes in creating “liquid representations of locked assets,” essentially unlocking the potential of NFTs as financial tools. This aligns perfectly with K9 Finance’s knBONE, which represents liquid BONE delegated for proof of - [Shiba Inu and Successful $KNINE Launch Land Popular US TV Coverage](https://news.shib.io/2024/03/15/shiba-inu-and-successful-knine-launch-land-popular-us-tv-coverage/): Shiba Inu and its strategic ally, K9 Finance, recently commanded the spotlight on a regarded Utah television program, a significant acknowledgment perhaps spurred by the escalating prominence of both crypto ventures. During the airing of “Eye on Your Money,” in KUTV in Utah, news anchor Cristina Flores brought attention to Bitcoin, the world’s largest cryptocurrency by market capitalization, as it surged to a new all-time high price, surpassing the significant $73,000 threshold. What adds intrigue to the program for the Shib Army is the spotlight on Shiba Inu’s recent groundbreaking developments, particularly its notable partnership with the next-generation liquid staking - [Bitcoiners Rally: El Salvador's Bitcoin Piggy Bank Swells with Donations](https://news.shib.io/2024/03/15/bitcoiners-rally-el-salvadors-bitcoin-piggy-bank-swells-with-donations/): Shortly after President Nayib Bukele’s groundbreaking announcement that El Salvador would move its inaugural “Bitcoin piggy bank” to a cold wallet and into a securely physical vault, the BTC community responded with vigor. Contributions including sats, Ordinals, and BRC-20 tokens, among others, started flowing in. “We’ve decided to transfer a big chunk of our #Bitcoin to a cold wallet and store that cold wallet in a physical vault within our national territory. You can call it our first #Bitcoin piggy bank. It’s not much, but it’s honest work,” Bukele’s tweet read. The screenshot shared by President Bukele revealed that the - [Trump Surges Ahead in Crypto-Holding Voter Support: Recent Poll](https://news.shib.io/2024/03/15/trump-surges-ahead-in-crypto-holding-voter-support-recent-poll/): As the 2024 U.S. presidential election looms, a surprising trend has emerged from the depths of the digital economy: crypto holders seem to be leaning towards former President Donald Trump over the incumbent, Joe Biden. This shift in voting preferences, highlighted by a recent poll commissioned by Paradigm, a crypto-centric investment firm, sheds light on the evolving landscape of American politics, where digital currencies are increasingly becoming a factor in electoral decision-making. According to the poll, 48% of crypto owners express their intent to vote for Trump, while 39% lean towards Biden. This revelation raises intriguing questions about the intersection - [Shiba Inu Howls Past Competitors in Social Media Frenzy](https://news.shib.io/2024/03/15/shiba-inu-howls-past-competitors-in-social-media-frenzy/): Shiba Inu, often playfully called the “Dogecoin killer,” has secured the third most socially active meme coin. According to data tracked by LunarCrush, a respected social intelligence platform, Shiba Inu boasts an impressive 8.15 million social interaction score. The resilience in social media engagement suggests a dedicated and active community rallying behind SHIB. The platform’s social interaction metric considers user activity across platforms like X, Reddit, and Discord. Its analysis awarded Shiba Inu a score of 8.15 million, including social media likes, upvotes, retweets, and comments. The impressive figure places Shiba Inu firmly in third place, outperforming rivals like FLOKI, BONK, MYRO, and - [UNoDE Node Service Expands Customer Experience with SHIB and BONE Payment Options](https://news.shib.io/2024/03/15/unode-node-service-expands-customer-experience-with-shib-and-bone-payment-options/): Unification, the hybrid blockchain that expands Web 3 accessibility and powers up dApps and the team behind the development of Shibarium, announced that Shiba Inu’s SHIB and BONE will be accepted as forms of payment in the upcoming beta release of UNoDE, a privacy-focused blockchain node and software service platform. “We’ve listened to the community’s feedback and added the option of payments through multiple other tokens, including Ethereum, Shib, & Bone (among many others), while still reserving special pricing and benefits to users who choose to use the service through FUND,” Unification shared in its recently released blog post. Described - [SCAM ALERT: List of Suspicious Links to Avoid; Shib Army Advised Caution](https://news.shib.io/2024/03/14/scam-alert-list-of-suspicious-links-to-avoid-shib-army-advised-caution/): The Shib team is warning the Shib Army about suspicious links that could be potential scams. In an effort to protect users from falling victim to fraudulent activities, this list has been sourced from a report shared internally with The Daily Shib. Suspicious URLs: Email: In addition to the above, you are advised to be careful with emails from this ID: email@tdns.top Shib Army and users are advised to exercise caution when dealing with unfamiliar emails or websites, especially those asking for personal or financial information. Verify their authenticity by reaching out to the team directly (see link below). Avoid - [SHIB Leads The Pack, Tops Trading Volume Among Major Altcoins](https://news.shib.io/2024/03/14/shib-leads-the-pack-tops-trading-volume-among-major-altcoins/): Aside from witnessing an astonishing surge of about 233% in the past 30 days, Shiba Inu has taken the lead and climbed to the top in trading volume, besting large market-cap altcoins as weekly trade volume reached a multi-year peak last week. Meme-inspired cryptocurrency tokens have seen remarkable growth in recent weeks with their weekly trading volume soaring to $80 billion—a level of valuation that hasn’t been witnessed in years, data from data analytic firm Kaiko showed. Trading volume—a critical metric measuring the total coins or tokens traded within a specified timeframe, usually 24 hours—serves as a gauge for a - [Incredible! $BAD Sees Double-Digit Surge, Edges Out AI Competitors On Key Crypto Platforms](https://news.shib.io/2024/03/14/incredible-bad-sees-double-digit-surge-edges-out-ai-competitors-on-key-crypto-platforms/): $BAD, the native token of Bad Idea AI–the decentralized experiment combining Blockchain, AI, and DAOs–showcased an incredible feat this week as it surged in the double-digits and edged out AI tokens on major crypto price-tracking sites and platforms. On Wednesday, $BAD achieved an extraordinary feat by catapulting to the pinnacle of major crypto price-tracking platforms. Bad Idea AI’s native token emerged as the top-performing AI token on Coingecko, an independent cryptocurrency data aggregator. Notably, $BAD now holds a coveted spot on Coingecko’s “Largest Gainers List,” showcasing its impressive ascent in the market. At 3:05 a.m. ET on Thursday, $BAD was - [Binance Faces Pressure from Nigeria to Provide Data on Top 100 Users](https://news.shib.io/2024/03/14/binance-faces-pressure-from-nigeria-to-provide-data-on-top-100-users-amid-naira-conflict/): Nigeria is demanding that Binance hand over data on its top 100 users and all transaction records from the last six months as the dispute between the exchange and the country’s authorities escalates. Two senior Binance executives are still detained in Nigeria. The Nigerian authorities are not only requesting user data from Binance, but also asking the company to settle its pending tax obligations. This has prompted debates within the country. One individual said on Binance Square, a community platform where users can interact with each other and share information, that revealing any data would signify a breach of contract - [Shiba Inu Hits 2-Year Popularity Peak Following Impressive YTD Growth](https://news.shib.io/2024/03/14/shiba-inu-hits-2-year-popularity-peak-following-impressive-ytd-growth/): Shiba Inu’s popularity has soared to a two-year high, with a simultaneous increase in market cap by an astonishing 240%, over the past month. It is a remarkable ascent that not only highlights Shiba Inu’s resilience but also reaffirms its status as the “Doge-Killer,” amid an influx of new meme coins into the crypto market. The impressive resurgence has undeniably drawn the focus of both the cryptocurrency community and astute investors. As of early morning Thursday, SHIB’s price hovered around $0.00003282, mirroring its value from early 2022—a period that was marked by a surge of investors and speculators offloading volatile - [AIRian Reimagines Running](https://news.shib.io/2024/03/14/airian-reimagines-running-2/): “We want to inspire a resurgence of outdoor experiences, particularly among the younger generation, beckoning them to step beyond the confines of indoor spaces and immerse themselves in the realm of physical challenges,” says Jay Chung, the visionary founder and CEO of AIRian. - [Ethereum Layer 2s See Remarkable Fee Reduction Post-Dencun](https://news.shib.io/2024/03/14/ethereum-layer-2s-see-remarkable-fee-reduction-post-dencun/): The long-awaited Dencun upgrade on Ethereum appears to have fulfilled its promise of significantly slashing gas fees on layer 2 networks — within a short time after its launch Wednesday. But this was hardly enough to stir up much excitement among Shibarium users, who have been relishing low gas fees ever since the launch of the Shiba Inu layer-2 scalability solution last year. Upon activation, the Dencun upgrade ushered in a new era for Layer 2 chains that adopted blobs—a groundbreaking technology designed to optimize L2 transaction data storage on Ethereum. This innovation is particularly beneficial for rollups, which rely - [AIRian Reimagines Running](https://news.shib.io/2024/03/13/airian-reimagines-running/): Read the latest edition of The Shib magazine here. - [Blast Mainnet Stopped Block Production As Ethereum's Dencun Upgrade Went Live](https://news.shib.io/2024/03/13/blast-mainnet-stopped-block-production-as-ethereums-dencun-upgrade-goes-live/): Blast, an EVM-compatible Optimistic Rollup platform that supports native yield generation, encountered a critical problem Wednesday when its mainnet ceased to produce blocks a few minutes after Ethereum’s Dencun upgrade went live. The issue was resolved a few minutes after it was announced, Blast said. Blast, fundamentally built on top of Ethereum, announced on X that its mainnet “has stopped producing blocks due to issues related to Ethereum’s Dencun upgrade.” The team said core engineering contributors were actively addressing the issues and promised to update the community as well as provide details of the problem as soon as the fix - [SHIB Investment Masterclass: Nearly $4K Shiba Inu Investment Yields Around $127M Profit](https://news.shib.io/2024/03/13/shib-investment-masterclass-nearly-4k-shiba-inu-investment-yields-around-127m-profit/): In a quintessential rags-to-riches tale for the digital era, an investor’s initial $4,000 foray into Shiba Inu (SHIB) has remarkably morphed into a $127 million windfall. Blockchain analysis tool LookonChain recently highlighted one Shiba Inu investor whose actions served as a testament to the potential within the crypto markets, and particular SHIB. The token has risen more than 236% in the last 30 days, according to Coinmarketcap data. The unnamed investor’s journey began at SHIB’s inception in August 2020. The investor swapped 10 Ethereum tokens, then worth approximately $3,793, for an astonishing 15.27 trillion SHIB.  When the crypto asset gained - [Top Crypto Platforms See Inflow Of Close To 7 Trillion SHIB Tokens In 24 Hours](https://news.shib.io/2024/03/13/shiba-inu-explodes-melts-fudders-in-recent-feat/): Shiba Inu is once again rewriting the narrative in the cryptocurrency sphere. In a stunning development, it has surged onto the scene, inundating leading cryptocurrency exchange platforms with a staggering influx of nearly 7 trillion SHIB tokens within just one day. Leading crypto exchange platforms Binance, Coinbase, Robinhood, Cumberland and Wintermute found themselves swept up in an avalanche of 6.84 trillion SHIB tokens, translating to approximately $227 million, flooding their exchange platforms, data from on-chain analytics platform Arkham Intelligence shows. Coinbase wallet (0xA9D) 2,473,908,364,567.84  $82.10 Coinbase Deposit (0x591) 1,230,868,078,643.68  $40.69 Binance hot wallet (0x21a) 954,055,992,365.34  $32.65 Binance hot wallet(0x28C) 803,096,240,018.79  - [Dencun Upgrade Beyond The Hype: What It Means For Validators, L2 And Users](https://news.shib.io/2024/03/13/dencun-upgrade-beyond-the-hype-what-it-means-for-validators-l2-and-users/): Ethereum is on the brink of a revolutionary shift as it gears up for the launch of Dencun, its most significant upgrade since the landmark transition to proof-of-stake. Beyond the hype, it is important to delve into how Dencun is set to redefine the boundaries of blockchain technology and its implications for validators, users, and the wider cryptocurrency landscape. Set to launch 9:55 a.m. ET on Wednesday, the much-anticipated Dencun upgrade, a significant “hard fork” in blockchain parlance, marks a pivotal step toward Ethereum’s ambitious goal: it is a cornerstone in the platform’s roadmap to support an extensive array of - [Change.org Petition for SHIB ETF Surpasses 6,000 Signatures](https://news.shib.io/2024/03/12/change-org-petition-for-shib-etf-surpasses-6000-signatures/): The SHIB ETF petition, which has been circulating among members of the Shib Army, has seen a surge in support with over 6,000 signatures collected thus far. This initiative is a call to action for individuals to support a proposal addressed to Grayscale Investments, which aims to encourage traditional institutions to explore investments in SHIB. The current goal of the petition is to reach 7,500 signatures, signaling a strong resolve among supporters to see the creation of an exchange-traded fund (ETF) dedicated to the Shiba Inu token. Read More - [Spain's High Court Snubs TFH Injunction Appeal, Upholds Temporary Ban on Worldcoin](https://news.shib.io/2024/03/12/spains-high-court-snubs-tfh-injunction-appeal-upholds-temporary-ban-on-worldcoin/): In a bold demonstration of regulatory oversight, Spain’s High Court delivered a decisive blow to the iris biometric cryptocurrency project, Worldcoin. Despite the company’s injunction appeal, the court upheld the local regulator’s directive to cease data collection within the country, affirming the previous temporary ban for the project in the country. Earlier this week, the Madrid-based High Court declined Worldcoin’s request for an injunction against the Spanish Data Protection Agency (AEPD) order, emphasizing the paramount importance of safeguarding public interest. Dismissing an appeal by Worldcoin’s parent company Tools For Humanity (TFH), the court underscored concerns regarding the risks associated with - [D3's Shib Names See Strong Initial Response](https://news.shib.io/2024/03/12/shib-names-a-new-way-to-claim-your-identity-sees-strong-initial-response/): The Shiba Inu ecosystem is abuzz with the launch of Shib Names, a custom domain service, that took place on March 6. The innovative project, in partnership with D3, allows users to create personalized usernames ending in “*shib,” offering a unique way to represent themselves within the growing Shiba Inu community. According to D3, a leader in securing custom Top-Level Domains (TLDs) for blockchain communities, SHIB Names has seen a strong initial response. Users rushed to secure creative and memorable names like “myshib,” “toyshib,” and “wagmi*shib” (an acronym for “We’re All Gonna Make It”). The first day of sales for - [Breaking Through: $KNINE Official Launch Shatters Records and Expectations](https://news.shib.io/2024/03/12/breaking-through-knine-official-launch-shatters-records-and-expectations/): K9 Finance, the next-generation liquid staking derivative platform on Shibarium—Shiba Inu’s cutting-edge layer-2 scalability solution—has redefined success with the launch of its native token, $KNINE, achieving milestones many deemed unreachable. From its explosive launch on March 7, racking up a trading volume of $7 million within just an hour, $KININE rapidly became the most sought-after token on DexTools, a decentralized finance (DeFi) trading platform.  Remarkably, on that day alone, $KNINE’s holder count skyrocketed by an impressive 87.90%, pulling in 2,507 investors captivated by its potential. Merely 24 hours post its Token Generation Event (TGE), K9 Finance emerged as the buzzword - [Trump Acknowledges Bitcoin's Growing Significance](https://news.shib.io/2024/03/12/former-president-trump-acknowledges-bitcoins-growing-significance/): Former U.S. President Donald Trump has caught the attention of many in the cryptocurrency world after he expressed a shift in his stance on Bitcoin during a recent live appearance on CNBC. During a live appearance on CNBC, Trump stated, “There has been a lot of use of Bitcoin,” marking a significant shift from his previous critical stance on cryptocurrencies. He had previously viewed them as a threat to the U.S. dollar, Trump clarified that he has not purchased Bitcoin (BTC), but is open to accepting it as a form of payment in certain circumstances. He expressed that cryptocurrencies represent - [Zama’s Master Plan to Facilitate End-to-End Encryption Across the Web with $73M Funding](https://news.shib.io/2024/03/11/zamas-master-plan-to-facilitate-end-to-end-encryption-across-the-web-with-73m-funding/): Zama, an open-source cryptography company, raised $73 million in a Series A funding to further develop fully homomorphic encryption (FHE) programs. This round was led by Protocol Labs and Multicoin Capital with the goal of driving the widespread adoption of FHE in blockchain and AI. The financing will support Zama in advancing its research in FHE technology, assisting their production partners, and securing financial stability to weather any market fluctuations in the future. In a blog post, Zama CEO Rand Hindi discussed the company’s current capabilities, highlighting that users have access to a diverse suite of open-source FHE solutions catering - [Arkham Claims Tesla, SpaceX Bitcoin Holdings Close To 20,000 BTC](https://news.shib.io/2024/03/11/arkham-claims-tesla-spacex-bitcoin-holdings-close-to-20000-btc/): Blockchain analytics platform Arkham Intelligence claimed to have unveiled a remarkable discovery: addresses associated with Tesla and SpaceX collectively hold 19,797 BTC, an astounding sum equivalent to approximately $1.34 billion.  Arkham’s recent analysis sheds light on the cryptocurrency holdings of two titans in the tech industry, revealing that Tesla and SpaceX have substantial investments in Bitcoin.  “Arkham has identified the BTC holdings of Tesla and SpaceX. We are the first to publicly identify these holdings on-chain,” the firm said in a tweet. Specifically, Tesla’s portfolio includes 11.51K BTC, valued at approximately $780 million, dispersed among 68 distinct addresses. Meanwhile, SpaceX’s engagement - [Will Bitcoin Ever Shine as Bright as Gold? JPMorgan Says Not Likely](https://news.shib.io/2024/03/11/will-bitcoin-ever-shine-as-bright-as-gold-jpmorgan-says-not-likely/): Bitcoin is unlikely to match gold’s allocation in investors’ portfolios in nominal terms, according to a new report by JPMorgan. The bank said that the cryptocurrency’s high volatility and risk make it unrealistic to expect it to surpass the metal’s market cap of $3.3 trillion. Gold is often seen as a safe-haven asset and a hedge against inflation, while Bitcoin is perceived as a digital version of gold by some investors. However, JPMorgan analysts led by Nikolaos Panigirtzoglou argued that the comparison is not fair as Bitcoin is 3.7 times more volatile than gold. “If Bitcoin were to match gold - [Bitcoin Achieves New All-Time High As BTC ETFs Stoke Demand Ahead of Halving](https://news.shib.io/2024/03/11/bitcoin-achieves-new-all-time-high-as-btc-etfs-stoke-demand-ahead-of-halving/): Bitcoin, the world’s largest cryptocurrency by market capitalization, has shattered records by surpassing the $71,000 mark, reaching an unprecedented lifetime high of $72,000. Driven by the surging demand from BTC ETFs, the digital asset’s ascent appears unstoppable as it gears up for the highly anticipated Halving event. At 12:57 p.m. ET on Monday, Bitcoin’s value surged past the $72,000 mark, achieving $72,606.71. This represents a 4.26% gain in the last 24 hours and an impressive 9.10% increase over the past week, surpassing its previous all-time high (ATH) of $68,789.63 set on November 10, 2021. In the latest analysis provided to - [Shibarium Projects Redefine Community, Step Up For Ultimate Giveaway Initiative](https://news.shib.io/2024/03/11/1196/): In a vibrant display of community spirit and innovation, Shibarium, the Shiba Inu ecosystem’s layer-2 scalability solution, has not only shattered transaction records but also fostered an unprecedented level of unity and generosity within its community. Since its launch in August 2023, Shibarium has impressively processed nearly 406 million transactions and welcomed over 1.3 million wallet addresses, signaling a rapidly growing network of engaged and active users. Beyond these remarkable achievements, the Shibarium community is now making headlines with an ultimate giveaway initiative that underscores its commitment to collective success and support. The genesis of this widespread community engagement was - [Shibarium Eyes Next Billion Crypto Users](https://news.shib.io/2024/03/11/shibarium-eyes-next-billion-crypto-users/): Kaal Dhairya, a prominent developer within the Shiba Inu ecosystem, has sparked excitement among SHIB holders with a recent statement expressing confidence in the future of Shibarium, the project’s layer-2 blockchain solution.  In a post today, Dhairya highlighted a pivotal development within the ecosystem that could revolutionize the adoption of SHIB and propel the Shiba Inu L2 blockchain solution, Shibarium, into the limelight. His assertion? The “next billion users” in the crypto space will find their home on Shibarium and embrace SHIB. Dhairya’s comments come amidst positive signs for Shibarium. Launched less than a year ago, the network has already - [Worldcoin Defiant: Services Paused, Legal Challenge Against Spanish Ban Launched](https://news.shib.io/2024/03/11/worldcoin-in-defiance-services-paused-legal-challenge-against-spanish-ban-launched/): In a bold and defiant move against regulatory pushback, Worldcoin, the cutting-edge iris-biometric cryptocurrency project, temporarily suspended its services in Spain. This momentary pause, however, is accompanied by a proactive legal countermeasure, challenging the Spanish government’s suspension of its operations.  The confrontation was sparked last Wednesday when Spain took a firm stance against Worldcoin’s innovative yet contentious method of gathering personal data through an iris-scanning orb. The AEPD, Spain’s guardian of data privacy, mandated an immediate cessation of Worldcoin’s data collection and the relinquishment of any data already captured, providing a mere 72-hour window for compliance. Mar España Martí, the - [Binance.US Grapples with Revenue Plunge, Massive Layoffs Amid SEC Battle](https://news.shib.io/2024/03/09/binance-us-grapples-with-revenue-plunge-massive-layoffs-amid-sec-battle/): A deposition in December unveiled last Tuesday revealed that Binance.US suffered a significant setback, grappling with a daunting 75% decline in revenue. Compelled to undertake drastic measures, the company terminated over two-thirds of its workforce—more than 200 employees, amid its legal tussle with the U.S. Securities and Exchange Commission (SEC). Binance.US, the crypto trading platform catering to U.S. residents, was caught in the middle of a massive storm in June last year when the SEC filed 13 charges against Binance, its mother company. The accusations included mishandling customer funds and offering unregistered securities, with the SEC alleging that the company - [South Korea Sets Sights on Worldcoin: Investigation Launched Over Potential Violations](https://news.shib.io/2024/03/08/south-korea-sets-sights-on-worldcoin-investigation-launched-over-potential-violations/): South Korea has taken decisive action to uphold digital privacy standards by launching an investigation into Worldcoin, shedding light on potential violations of the Personal Information Protection Act. Developed by San Francisco and Berlin-based Tools for Humanity, and co-founded by OpenAI’s Sam Altman, Worldcoin finds itself under scrutiny once again due to its unconventional methods of data collection, particularly its reliance on iris-scanning technology. This latest probe, initiated by South Korea’s Personal Information Protection Commission on February 29, follows similar investigations conducted by several countries since Worldcoin’s launch in July 2023. The commission aims to ascertain whether Worldcoin has infringed - [Shiba Inu Set For New ATH If It Meets Certain Conditions: Analyst](https://news.shib.io/2024/03/08/shiba-inu-to-record-new-ath-if-it-meets-certain-conditions-analyst/): Shiba Inu ($SHIB), the dog-themed altcoin of the Shiba Ecosystem, has been capturing the spotlight with its impressive ascent amid the ongoing bull market in the cryptocurrency realm. On the cusp of a groundbreaking achievement, SHIB is within reach of setting a new all-time high, a goal that hinges on surpassing several key resistance levels identified by an expert crypto trader. Crypto analyst and trader who uses the X handle @rektcapital recently shared his expertise on SHIB’s performance through a series of tweets. One notable tweet highlighted SHIB’s extraordinary surge of over 400% on March 5, bringing it tantalizingly close - [Shib Names by D3](https://news.shib.io/2024/03/06/what-is-in-a-name/): Read the latest edition of The Shib Magazine! - [Binance Slams $10B Fine Claims as Nigerian Government Clarifies Allegations](https://news.shib.io/2024/03/03/misinformation-alert-binance-not-facing-10b-fine-nigerian-government-confirms/): Last week, allegations surfaced, claiming a $10 billion fine was imposed upon Binance after the detention of two senior executives by Nigerian authorities. Yet, a Nigerian government official,  released a resolute statement decisively debunking claims of a multi-billion-dollar penalty and emphasizing that his remarks had been misconstrued. Bayo Onanuga, President of Nigeria’s Special Adviser on Information and Strategy, clarified that he never asserted Binance had been formally notified of any fine or that Nigerian regulators had concluded such penalties.  “I said our government may impose heavy fines on Binance for what happened,” Onanuga stated to a local news outlet. “I - [Crypto Security Alarm: February Sees a 98% Explosion in Hacking Incidents, $300M Looted](https://news.shib.io/2024/03/03/crypto-security-alarm-february-sees-a-98-explosion-in-hacking-incidents-300m-looted/): The cryptocurrency community was rocked by a startling report summarizing hacking activities launched in February, revealing an unprecedented 98% surge in hacking incidents, resulting in the looting of over $300 million. This dramatic escalation not only underscored the burgeoning vulnerabilities within digital asset security frameworks but also marked a significant uptick in the sophistication and audacity of cyber criminals targeting the nascent crypto sector. There was a 197.67% month-over-month increase in the total amount of assets stolen in February 2024. Despite this staggering increase, there was a 30% decrease in the number of hacking incidents compared to January, with only - [Shibarium Discord Mods Say $TREAT Official Contract Is Not Yet Released, Warn Against Scammers](https://news.shib.io/2024/03/01/shibarium-discord-mods-say-treat-official-contract-is-not-yet-released-warn-against-scammers/): The emergence of TREAT phonies is not new, but a warning to all members of the Shib Army is in order following the debut of the official $TREAT account on X, gaining over 4k followers in just 24 hours. Shibarium Tech Discord moderators encourage everyone to look for the blue check and the Shiba Inu badge next to the X name before following any account that claims to represent the “access token for all things Shib.io,” which will fuel the Shiba State’s entrepreneurial governance. Throughout the final months of 2023, Shiba Inu team members have repeatedly warned against malicious actors - [SHIB ETF Petition Aims to Increase SHIB Accessibility and Community Growth](https://news.shib.io/2024/03/01/shib-etf-petition-aims-to-increase-shib-accessibility-and-community-growth/): The Shiba Inu community recently started a Change.org petition pushing for Grayscale Investments to explore the possibility of creating a Shib exchange-traded fund (ETF). With the rise of ETFs for other digital assets, the Shib Army is optimistic that a SHIB ETF could attract more traditional institutional investors. This move could potentially increase Shib’s popularity and bring in significant investments, similar to the success seen with newly launched Bitcoin ETFs.   The petition has 2,900 signatures as of writing, following a resounding feat of surpassing 2,000 signatures in less than 48 hours. The content of the petition, addressed to Grayscale - [Trump's Crypto Play: How Digital Assets Are Shaping the 2024 US Presidential Election](https://news.shib.io/2024/07/16/trumps-crypto-play-how-digital-assets-are-shaping-the-us-2024-presidential-election/): Former U.S. President Donald Trump has been leveraging crypto to win against Joe Biden. This will mark the first time that crypto has become a topic of discussion in general election campaigns. Trump is also breaking new ground by being the first majority nominee to advocate for cryptocurrency trading. Trump, becoming the first major nominee to back cryptocurrency traders, has been promoting his own non-fungible tokens (NFTs) and emphasizing the Democrats’ opposition to crypto. This political shift has led to an uptick in the cryptocurrency market. Trump, once an outspoken crypto critic, now champions digital assets, contrasting sharply with Biden’s - [Shib Army Unleashes Powerful Campaign for KNINE Listing on Gate.io](https://news.shib.io/2024/07/16/shib-army-unleashes-powerful-campaign-for-knine-listing-on-gate-io/): The Shib Army is mobilizing its vast network to advocate for the listing of KNINE, the native token of K9 Finance, on Gate.io. The move comes after Gate.io quietly added support for SHIB and LEASH on the Shibarium network, further solidifying its commitment to the Shiba Inu ecosystem. The Shib Army buzzed with excitement when Gate.io began supporting SHIB and LEASH directly on Shibarium.  Although the exchange had not officially announced this feature, the news spread quickly after Maximous (@MaximousDarwin on X), a trusted community voice and Shibarium communication channel moderator, shared screenshots revealing the expanded support. Buzz, the pseudonymous - [Trump Picks Crypto-Friendly J.D. Vance as Running Mate](https://news.shib.io/2024/07/15/trump-picks-crypto-friendly-j-d-vance-as-running-mate/): Former President Donald Trump has selected U.S. Senator J.D. Vance of Ohio as his running mate. The Bitcoiner U.S. Senator from Ohio, known for his support for cryptocurrencies, has received a significant endorsement from influential tech leaders and prominent figures in the tech and crypto space following the announcement. The recent announcement of former President Donald Trump that Vance is his running mate is a surprise to many. The unexpected alliance has sparked both excitement within the financial world, with supporters envisioning a potential paradigm shift in monetary policy.  In a statement, former President Donald Trump announced Senator J.D. Vance - [Exclusive: Shiba Eternity Poised to Usher in New Era of Blockchain Gaming on Shibarium](https://news.shib.io/2024/07/15/exclusive-shiba-eternity-poised-to-usher-in-new-era-of-blockchain-gaming-on-shibarium/): Shiba Eternity is poised to usher in a new era of blockchain gaming on Shibarium, promising to revolutionize the digital gaming landscape as the first game to fully operate on Shib’s proprietary blockchain. Following a series of announcements and updates, the game’s official X account teased its future with a cryptic message: “After a long silence, we’re SO Back! 💪We’ve been working tirelessly behind the scenes, and we can’t wait to share what we’ve been up to. Stay tuned…” While the X post excited the Shib Army, it didn’t elaborate on the upcoming features for the Shiba Inu collectible card - [Shiba Inu a Step Closer to Realizing SHIB ETF Ambition with Coinbase Futures Listing](https://news.shib.io/2024/07/15/shiba-inu-a-step-closer-to-realizing-shib-etf-ambition-with-coinbase-futures-listing/): Shiba Inu has inched closer to realizing its SHIB exchange-traded fund (SHIB ETF) aspirations with Coinbase listing SHIB futures contracts on its derivatives platform.  This latest development marks a significant milestone in the journey of the world’s second-largest dog-themed altcoin by market capitalization, towards mainstream financial recognition. On June 28, Coinbase Derivatives initially announced the introduction of five new cryptocurrency futures contracts, including SHIB, under Market Notice 24-14. A subsequent amendment, Market Notice 24-14.1, dated July 10, confirmed the listing of the SHIB futures contract alongside Polkadot (DOT), Avalanche (AVA), and Chainlink (LNK) on July 15.  “Polkadot (DOT), 1k Shib (SHB), Avalanche (AVA) - [Unfazed: Trump to Deliver In-Person Speech at Bitcoin Conference Despite Horrific Shooting Incident in Pennsylvania Rally](https://news.shib.io/2024/07/14/unfazed-trump-to-deliver-in-person-speech-at-bitcoin-conference-despite-horrific-shooting-incident-in-pennsylvania-rally/): Former President Donald Trump is set to defy expectations and deliver his speech in person at the Bitcoin 2024 Conference, despite the recent horrific shootout in Pennsylvania that claimed the life of an alleged shooter and a supporter. While many anticipated that Trump would take it slow and become more cautious in his appearances and rallies, he remained committed to meeting his prior engagements. Trump’s camp has yet to officially announce this development.  However, the official X account of the Bitcoin Conference revealed the news, stating, “We are happy to report that Donald Trump is committed to delivering his speech - [Billionaires Break Silence, Announce Endorsement of Trump Following Pennsylvania Shooting Incident](https://news.shib.io/2024/07/14/billionaires-break-silence-announce-endorsement-of-trump-following-pennsylvania-shooting-incident/): Crypto advocates and billionaires and Elon Musk and Justin Sun have announced their endorsements of former President Donald Trump shortly after reports emerged that Trump had been shot at a rally in Pennsylvania. Musk and Sun’s support highlights a significant political shift and underscores Trump’s growing influence within the tech and cryptocurrency industry. Just minutes after videos surfaced on X showing former President Donald Trump being shot at his rally in Pennsylvania, Musk took to social media to declare his full endorsement of the Republican candidate. “I fully endorse President Trump and hope for his rapid recovery,” Musk stated in - [Shibarium Rising: Gate.io Ignites Shib Army Excitement with Expanded Support for SHIB and LEASH ](https://news.shib.io/2024/07/13/shibarium-rising-gate-io-ignites-shib-army-excitement-with-expanded-support-for-shib-and-leash/): The Shibarium ecosystem is witnessing a surge in enthusiasm as Gate.io, the 7th largest cryptocurrency exchange by trading volume, expands support for Shiba Inu (SHIB) and Doge Killer (LEASH).  The Shib Army is buzzing with excitement as Gate.io quietly rolled out a game-changing feature: direct support for SHIB and LEASH on the Shibarium network. Though yet to be officially announced by the exchange, the news spread like wildfire after Maximous (@MaximousDarwin on X), a trusted voice within the community and moderator on Shibarium’s communication channels, shared screenshots revealing the expanded support. Maximous, expressed heartfelt gratitude to Gate.io for their continued - [Shiba Inu Poised for 'Vertical Movements,' Triple-Digit Gains Predicted by Crypto Traders](https://news.shib.io/2024/07/13/shiba-inu-poised-for-vertical-movements-triple-digit-gains-predicted-by-crypto-traders/): Crypto traders are anticipating a significant upward movement for Shiba Inu (SHIB), with predictions of a potential triple-digit average pump on the horizon. Crypto enthusiasts are abuzz with predictions of a significant surge for Shiba Inu (SHIB), a popular meme-based cryptocurrency. The optimism stemmed from technical analysis, historical patterns and current market conditions suggest that SHIB may be poised for a remarkable price surge, capturing the attention of investors and enthusiasts alike. Prominent crypto analyst Crypto Sheriff, known by his X handle @Gem_Sheriff, ignited a wave of excitement within the Shiba Inu community with a recent tweet proclaiming a “bullish - [The Weekly Meme Digest - July 13, 2024](https://news.shib.io/2024/07/13/the-weekly-meme-digest-9/): Buckle Up, Crypto Crew! It’s the Weekly Meme Digest: Shiba Inu Edition! 🐶🚀 🐶 Hold onto your Shiba Inu, folks! It’s time for another hilarious romp through the crypto wild west with The Shib Daily’s Weekly Meme Digest! 🐶 We’re back, baby! Your favorite source for all things crypto, served with a side of Shiba Inu sass and a generous sprinkle of memes. Because let’s face it, who needs a financial advisor when you’ve got a community that can turn a market crash into a meme-worthy masterpiece? 🤷‍♀️ While the rest of the world is busy doomscrolling through headlines about - [Squarespace: The Accidental Grim Reaper of DeFi Crypto Domains?](https://news.shib.io/2024/07/13/squarespace-the-accidental-grim-reaper-of-defi-crypto-domains/): Hold onto your wallets, crypto connoisseurs! Squarespace, the website builder your grandma trusts more than her dentures, just morphed into the Joker of the digital asset realm. 🤡💥 The story begins like a classic Scooby-Doo episode: seemingly harmless website builder, forced migration from Google, two-factor authentication mysteriously disappears… and bam! Over 100 crypto projects, including big names like Polymarket, Hyperliquid, dYdX, and THORChain, are suddenly vulnerable to attack. 😨 This isn’t your run-of-the-mill phishing scam. This is a full-on DNS hijacking heist, where hackers redirect unsuspecting users to pages that drain their wallets faster than you can say “Satoshi Nakamoto.” - [The German Government's Bitcoin Fire Sale is Finally Over (And We're Still Alive!)](https://news.shib.io/2024/07/13/the-german-governments-bitcoin-fire-sale-is-finally-over-and-were-still-alive/): Hallelujah, hodlers! The German government has finally run out of Bitcoin to dump on us poor, unsuspecting plebs. After weeks of relentless selling that sent shockwaves through the crypto market (and our portfolios 🥲), its wallet is officially empty. Insert sigh of relief here. According to Arkham Intelligence, this 23-day dump saga saw Germany offloading nearly 50,000 BTC seized from the piracy platform Movie2k. That’s right, folks, the German government just went full crypto whale on us. 🐋🚀 One month ago, these government wallets held $3.4 billion in Bitcoin, which dwindled to $2.9 billion by July 1 and $2.2 billion - [SEC Crypto Cha-Cha Slide: Two Steps Forward, One Giant Moonwalk Backwards](https://news.shib.io/2024/07/13/sec-crypto-cha-cha-slide-two-steps-forward-one-giant-moonwalk-backwards/): The U.S. Securities and Exchange Commission is doing the regulatory hokey-pokey, and it’s leaving the crypto world in a dizzying spin. Remember SAB 121, that accounting nightmare that basically screamed, “Crypto is a financial demon spawn, report it as a liability or face the wrath of Gensler!” Well, hold onto your Lambo hats, because the SEC’s regulatory spine seems to have discovered the art of the limbo. limbo limbo limbo 🕺 Turns out, those big banks with their marble pillars and mahogany desks can now do a little financial sidestep around those pesky balance sheet reporting requirements. But wait! There’s - [Bitcoin Billionaire Arthur Hayes' Wild Plan for Crypto to Conquer the White House](https://news.shib.io/2024/07/13/bitcoin-billionaire-arthur-hayes-wild-plan-for-crypto-to-conquer-the-white-house/): Howdy, crypto cowboys and cowgirls! 🤠 Gather ’round the digital campfire, because Bitcoin billionaire Arthur Hayes, the gunslinging co-founder of BitMEX, has just dropped a bombshell that’s got the whole crypto saloon buzzing. 💣💥  In his latest blog post, Hayes laid out a master plan wilder than a Bitcoin bull run – a plan that could see us crypto-loving, meme-slinging degenerates deciding the fate of the United States presidency this November. 🤯 That’s right, folks. Forget Wall Street and Washington, the real power players in 2024 might just be you – the laser-eyed, diamond-handed HODLers who can spot a shitcoin - [White House Reality Show Crypto Edition: The Trump-Biden Showdown Continues!](https://news.shib.io/2024/07/13/white-house-reality-show-crypto-edition-the-trump-biden-showdown-continues/): As we get into a new chapter of this mess that’s gotten crypto entangled with U.S. presidential candidates, let’s do a little history recap. 📜 So you all probably remember that in 2020, the SEC accused Ripple, their CEO, and a founder of violating securities laws. It was like they had mined a block full of trouble. Fast forward to 2023, and Coinbase, the big dog of U.S. crypto exchanges, found itself in hot water with the same accusations. ⚖️👨🏻‍⚖️ The name Gary Gensler, Joe Biden’s appointed SEC Chair, has been in crypto news headlines. 📰 Anyway, the SEC eventually - [VanEck CEO ‘Very Bullish’ on Bitcoin and Gold, Foresees Strong Growth Ahead](https://news.shib.io/2024/07/12/vaneck-ceo-very-bullish-on-bitcoin-and-gold-foresees-strong-growth-ahead/): During a recent appearance on CNBC’s “Closing Bell Overtime,” Jan van Eck, CEO of VanEck, a prominent global investment management firm, discussed Bitcoin’s recent price movements and stated that he remains strongly optimistic about the future prospects of both the cryptocurrency and gold. He said one of the key attributes of the cryptocurrency industry is its tendency towards volatility, where fluctuations in value are a common occurrence. However, he also pointed out that the sudden surge and subsequent drop of Bitcoin was unconventional yet foreseeable given its status as a high-risk investment. The CEO expressed his positive view of the - [Exclusive: Shibarium Community-led Giveaway Starts Sunday; Shib Marketing Lead Shares Details](https://news.shib.io/2024/07/12/exclusive-shibarium-community-led-giveaway-starts-sunday-shib-marketing-lead-shares-details/): Shibarium is launching an exciting new community-led giveaway this Sunday, offering participants the chance to win a share of $2000 in prizes.  In an exclusive interview with The Shib Daily, Shiba Inu’s marketing lead Lucie (@LucieSHIB on X) shared detailed insights about the contest, highlighting the community-centric approach and the steps participants need to take to maximize their chances of winning. The contest, commencing on Sunday, July 14, requires participants bridge tokens to Shibarium and then utilize Shibaswap, Shiba Inu’s decentralized exchange. Participants are encouraged to share their experience on X using the hashtags #TreatYourSelf and #Shibarium. The giveaway boasts - [DOJ Announces BitMEX's Guilty Plea to Bank Secrecy Act Violation, Exchange Calls Charge ‘Old News’](https://news.shib.io/2024/07/11/doj-announces-bitmexs-guilty-plea-to-bank-secrecy-act-violation-exchange-calls-charge-old-news/): The U.S. Department of Justice (DOJ) said BitMEX, a cryptocurrency derivatives exchange, pleaded guilty to violating the Bank Secrecy Act (BSA) between 2015 and 2020. The Seychelles-headquartered exchange responded by claiming there is no new information in this case. In a press release, Damian Williams, the United States Attorney for the Southern District of New York, and Christie M. Curtis, acting assistant director for the FBI’s New York Field Office, disclosed that HDR Global Trading Limited, the parent company of BitMEX, was accused of deliberately neglecting to establish and maintain an effective Anti-Money Laundering (AML) program while conducting business in - [Shiba Inu Chart Flashes 'Super Bullish' Signals, Crypto Trader Predicts 'Giga Pump' for SHIB](https://news.shib.io/2024/07/11/shiba-inu-chart-flashes-super-bullish-signals-crypto-trader-predicts-giga-pump-for-shib/): The Shiba Inu ($SHIB) chart is currently flashing “super bullish” signals that could lead to a “giga pump, according to the recent forecast by a crypto trader. On Wednesday, a prominent crypto trader who uses the X handle @Gem_Sheriff and more popularly known as Crypto Sheriff, provided a detailed analysis of the Shiba Inu chart, highlighting that SHIB had finally tested its major support and rebounded. This bounce from key support levels is often a strong indicator of positive momentum, and in this case, it suggests that SHIB is poised for what the trader referred to as a “giga pump.”  - [Shibarium Sees Massive $1M SHIB Bridged, Bringing Total to 97 Billion](https://news.shib.io/2024/07/11/shibarium-sees-massive-1m-shib-bridged-bringing-total-to-97-billion/): Shibarium, the layer-2 scaling solution for the Shiba Inu crypto project, is experiencing an unprecedented surge in popularity, evidenced by a recent influx of nearly $1 million worth of SHIB tokens, bringing the total bridged amount to an astounding 97 billion SHIB. A transfer of 60 billion SHIB, shared on X by Shib Army member @SHIBKIND, marked a significant moment in Shibarium’s growth, underscoring the community’s unwavering trust and enthusiasm for this expanding technology. Shibarium aims to revolutionize the Shiba Inu network by enhancing scalability and efficiency, enabling faster and cheaper transactions while alleviating congestion on the Ethereum mainnet. The - [The Data Ownership Protocol: Empowering Users in the Web3 Era](https://news.shib.io/2024/07/11/the-data-ownership-protocol-empowering-users-in-the-web3-era/): In an era where data holds significant value, a notable development is taking shape in the blockchain universe. The Data Ownership Protocol (DOP) emerges as a promising solution, aiming to restore control of digital sovereignty to users in an increasingly decentralized world. Addressing the Web3 Challenge DOP is a noteworthy project, addressing one of the key concerns in the decentralized space: user control over personal data. The Web3 vision introduces a new internet era, one where users have greater control over their data and digital assets. However, this vision faces a considerable challenge. The inherent transparency of most blockchain networks - [KNINE Officially Launches on ShibaSwap After Validator Node Goes Live On Shibarium](https://news.shib.io/2024/07/11/knine-officially-launches-on-shibaswap-after-validator-node-goes-live-on-shibarium/): KNINE, the native token of K9 Finance, the official liquid staking platform on the Shibarium blockchain, is now officially available on ShibaSwap, the prominent Shiba Inu DEX. This landmark event marks a significant milestone in the project’s roadmap and further strengthens its ties within the Shiba Inu ecosystem. Buzz, the pseudonymous founder and developer of K9 Finance, emphasized the strategic importance of the launch, in an exclusive statement to The shib Daily. “The launch on ShibaSwap memorializes our official launch as a Shibarium-supported token and is an important step in our roadmap to allow KNINE to be staked on Shibarium - [Breaking Free!](https://news.shib.io/2024/07/10/breaking-free/): Read the latest edition of The Shib magazine here. - [Shiba Inu's Shifting Tides: Exchange Reserves and Bullish Sentiment Fuel Recovery Speculation](https://news.shib.io/2024/07/10/shiba-inus-shifting-tides-exchange-reserves-and-bullish-sentiment-fuel-recovery-speculation/): The Shiba Inu (SHIB) market is displaying intriguing dynamics, as fluctuations in exchange reserves and a surge in buying activity from large investors hint at a potential price recovery.  While the cryptocurrency market remains inherently volatile, recent data and analyses suggest a growing bullish sentiment surrounding the popular meme coin. Recent analysis of the SHIB exchange reserve chart from on-chain and market data analytics provider CryptoQuant revealed a recent decrease followed by a subsequent increase over the past week.  Last Wednesday, a notable dip in the reserve suggested a bullish sentiment as investors potentially withdrew SHIB from exchanges for long-term - [Web3 Promise and Perils: An Exclusive Interview with Anndy Lian](https://news.shib.io/2024/07/10/web3-promise-and-perils-an-exclusive-interview-with-anndy-lian/): Web3: buzzword or breakthrough? Skeptics dismiss it as a passing fad, while proponents herald it as the next internet revolution. In this candid conversation, we challenge Anndy Lian, a leading voice in the blockchain community, an Intergovernmental Blockchain Expert and Best-Selling Author, to address the doubts and concerns surrounding Web3. Lian shared his insights on the technological, regulatory, and adoption challenges that Web3 faces, while also highlighting the transformative potential it holds for industries, economies, and our digital experiences. The Shib: In your own words, what is Web3, and what are the key distinctions between Web3  and the current internet - [Shibtoshi on Web3: Revolution or Hype? An Exclusive Interview](https://news.shib.io/2024/07/10/shibtoshi-on-web3-revolution-or-hype-an-exclusive-interview/): The internet as we know it is evolving. Web3, the decentralized web powered by blockchain technology, is poised to disrupt traditional power structures and give users greater control over their digital lives. But is this the dawn of a new internet era, or just another tech fad? In this exclusive interview, The Shib talks to Shibtoshi, the pseudonymous CEO and founder of SquidGrow, to discuss the potential, challenges, and future of Web3. Shibtoshi, an early adopter and passionate advocate of cryptocurrency, shares his insights on how Web3 will transform industries, redefine ownership, and empower users. He also addresses the critical - [Interview - DevourGO CEO Shelly Rupel on 'Turning Every Meal Into an Adventure'](https://news.shib.io/2024/07/10/interview-devourgo-ceo-shelly-rupel-on-turning-every-meal-into-an-adventure/): We covered DevourGO recently when it made waves in the cryptosphere when the first ever Web3 food delivery paid entirely with $SHIB was completed on the platform. The food ordering marketplace stands out with a laser-focused Web3 vision and catchy programs that leverage the unique possibilities offered by blockchain technology to endear itself to its users and build a thriving and loyal community. DevourGO already serves over 78,000 locations across the United States and plans to expand to Canada later this year. But rather than resting on those achievements, like a true Web3 disruptor, it is already plotting its global - [Bitcoin Maxi Advocates for SHIB ETF to Mock the SEC](https://news.shib.io/2024/07/10/bitcoin-maxi-advocates-for-shib-etf-to-mock-the-sec/): A prominent Bitcoin maximalist is calling for the approval of exchange-traded funds (ETFs) for meme coins like Shiba Inu (SHIB), in response to the recent approval of an ETF that bets against Coinbase stock.  The call, framed as a mockery of the U.S. Securities and Exchange Commission (SEC), comes as Coinbase awaits a decision from the Commodity Futures Trading Commission (CFTC) on its filings for futures products tied to SHIB and other cryptocurrencies. Fred Krueger, a Bitcoin maxi with a Ph.D. from Stanford, took to X to express his frustration with the SEC’s seemingly contradictory stance on crypto-related financial products. - [Shiba Inu Whales Drive Market Momentum Amid Promising Trends](https://news.shib.io/2024/07/10/shiba-inu-whales-drive-market-momentum-amid-promising-trends/): Major Shiba Inu (SHIB) holders, often referred to as “whales,” are making significant moves in the market, signaling a potential shift in the meme coin’s trajectory. Recent data suggests that these influential investors are accumulating SHIB, fueling optimism for a price recovery. Last Friday, Shiba Inu experienced a surge in large transactions, those exceeding $100,000 in value, with a total of 4.29 trillion SHIB changing hands. This marked the highest single-day volume in nearly two weeks, sparking speculation about the motivations behind this whale activity. Further analysis of on-chain data revealed a predominantly bullish trend. While some whales were selling, - [Shiba Inu's TREAT: A New Token Soon and Global 'Treat Yourself' Tour](https://news.shib.io/2024/07/09/shiba-inus-treat-a-new-token-soon-and-global-treat-yourself-tour/): Shiba Inu’s lead developer Shytoshi Kusama recently made a significant announcement for the Shiba Inu community, unveiling a two-fold surprise: the imminent launch of the TREAT token and a global “Treat Yourself” tour.  This news, shared via an X post, has ignited excitement within the community and sheds light on the future of the Shiba Inu ecosystem. In his statement, Kusama revealed that the TREAT token, designed as an access key to advanced features within the Shiba Inu ecosystem, is set to be released soon. This token will complement the existing SHIB, BONE, and LEASH tokens, each with distinct roles - [Shiba Inu's Shytoshi Kusama Asserts that SHIB 'Still A Puppy'](https://news.shib.io/2024/07/09/shiba-inus-shytoshi-kusama-asserts-that-shib-still-a-puppy/): Shiba Inu, the popular cryptocurrency that rocketed from meme coin underdog to top 10 contender, might seem like a seasoned player in the crypto arena. However, its enigmatic lead developer Shytoshi Kusama recently challenged this perception, likening the project to a spirited puppy with a long journey ahead. In a recent X post, Kusama shared insights from a trip to Kyoto for the IVS conference, where a chance encounter with a Maiko (apprentice Geisha) sparked a powerful analogy. The Maiko, despite her early stage of training, held a revered status as one of only 50 individuals in Japan pursuing mastery - [ShibaCon 2024: Shytoshi Kusama Delivers on Ryoshi's Shiba Inu Dream](https://news.shib.io/2024/07/09/shytoshi-kusama-delivers-on-ryoshis-shiba-inu-dream-shibacon-2024/): Shiba Inu’s lead developer Shytoshi Kusama announced the inaugural ShibaCon 2024, a Shiba Inu-themed conference in Bangkok, fulfilling a long-held vision of the project’s enigmatic creator Ryoshi.  This significant milestone, shared via an X post, has ignited excitement within the Shib Army and underlined Shiba Inu’s continued growth and commitment to community-driven initiatives. “And make a final stop in Thailand at SHIBACON 2024!” Kusama exclaimed in his announcement. “Yes, you heard that right; we’re throwing our own con in Bangkok around the same time as DevCon. We will soon open the floor for speakers and sponsors to our very own - [Investment Surge: $441M Inflows Recorded in Digital Asset Funds Amid 'Price Weakness'](https://news.shib.io/2024/07/08/investment-surge-441-million-in-inflows-recorded-in-digital-asset-funds-amid-price-weakness/): Despite negative market sentiment, digital asset funds have attracted $441 million in capital inflows as per the latest data by CoinShares Head of Research James Butterfill. Investors sent $398 million to Bitcoin, the leading cryptocurrency by market cap, with Solana and Ethereum seeing $16 million and $10 million in inflows, respectively. Butterfill noted in his blog post that there has been a change in sentiment toward Ethereum, evidenced by a $10 million influx, yet it remains the sole exchange-traded product (ETP) with net outflows for the year. “Bitcoin saw US$398m inflows but unusually represented just 90% of total inflows as - [Shibarium Bridge: $KNINE, $FUND Come Home To Shibarium](https://news.shib.io/2024/07/08/shibarium-bridge-knine-fund-come-home-to-shibarium/): The tokens $KNINE and $FUND have officially transitioned to Shibarium, Shiba Inu’s Layer-2 scaling solution, marking a significant milestone in the evolution of the decentralized finance (DeFi) ecosystem. The Shibarium Bridge, a technological marvel that seamlessly connects Ethereum’s mainnet to Shibarium, has facilitated this recent development, ensuring smooth integration and operational efficiency for these pioneering projects. Shibarium has become a beacon for innovation, drawing a diverse range of projects into its fold. The catalyst for this latest development involving the integration of several tokens to Shiba Inu’s layer-2 scalability solution is the Shibarium Bridge, a technological marvel that seamlessly connects - [Exclusive: K9 Finance Validator Node Goes Live on Shibarium](https://news.shib.io/2024/07/08/exclusive-k9-finance-validator-node-goes-live-on-shibarium/): K9 Finance, the official liquid staking derivatives (LSD) platform of Shibarium, Shiba Inu’s innovative layer-2 scalability solution, has achieved a major milestone by activating its K9 DAO validator node on the Shibarium mainnet. This achievement, marking K9 Finance as the 13th official validator on the network, underscores the project’s dedication to bolstering the security and decentralization of the Shibarium ecosystem. In an exclusive interview with The Shib Daily, Buzz, the pseudonymous founder and developer of K9 Finance, emphasized the significance of this development. “Becoming a validator is an honor,” he said, highlighting the critical role validators play in ensuring the - [Bitcoin Decoupling from BTC ETFs Signals Shifting Market Dynamics](https://news.shib.io/2024/07/08/bitcoin-decoupling-from-btc-etfs-signals-shifting-market-dynamics/): Bitcoin’s recent price decline, ending the week 11% lower at $55,850, reveals an intriguing shift in market dynamics. Despite the significant drawdown, Bitcoin Spot ETFs have witnessed robust inflows, showcasing a remarkable disconnect from the coin’s price action. Matteo Greco, a research analyst at the publicly listed digital asset and fintech investment business Fineqia International, highlighted this unprecedented divergence in a note sent to The Shib Daily. “For the first time since their inception, there is a noticeable decoupling between price action and capital flows,” he explained, referring to Bitcoin ETFs.  Bitcoin’s rollercoaster week ended with the coin settling at - [Shiba Inu On The Prowl: SHIB to Hit New All-Time High, Analysts Predict](https://news.shib.io/2024/07/08/shiba-inu-on-the-prowl-shib-to-hit-new-all-time-high-analysts-predict/): Industry analysts and traders, in a surge of optimism, predict that Shiba Inu (SHIB) is on track to reach a new all-time high based on strong signs driven by robust community support, strategic investments and favorable market dynamics. Crypto analyst Andrew Kang recently shared his belief that most altcoins have peaked for the cycle, with the potential exception of a few that might reach new highs in late 2024 or early 2025. “I believe 98%+ of altcoins topped for the cycle except for maybe a handful of coins that may make some new highs in Q4 2024/Q1 2025. Bitcoin I - [Exclusive: A Shib Army Member Recounts His Surprise Meeting With Shytoshi Kusama in Japan](https://news.shib.io/2024/07/07/exclusive-a-shib-army-member-recounts-his-surprise-meeting-with-shytoshi-kusama-in-japan/): Shytoshi Kusama, a cryptic figure in the shadows of the digital realm, has long orchestrated the destiny of the Shiba Inu cryptocurrency project. His tweets, enigmatic riddles cloaked in wit and wisdom, have tantalized and bewildered the crypto community. Even his blog posts, labyrinthine narratives filled with hidden meanings, have become the subject of fervent speculation and debate among the Shib Army. For the Shib Army, the passionate community around the world’s second-largest dog-themed crypto phenomenon, Shy is more than just a developer; he is their visionary leader, a shepherd guiding them towards a decentralized future. Yet, he remained a phantom, - [Shytoshi Kusama Wraps Up Epic Japan Meet and Greet, Next Stop Mumbai!](https://news.shib.io/2024/07/07/shytoshi-kusama-wraps-up-epic-japan-meet-and-greet-next-stop-mumbai/): Following the enthusiastic reception in Kyoto, Kusama took to X to announce his next destination: Mumbai, India. “Thank you, Kyoto! Great event IVS! Next stop… Mumbai!,” the cryptic message read. Read the full story here.  - [Shiba Inu On Track To Over 400% Price Rally, Could Soar to $0.000081 Crypto Analyst Predicts](https://news.shib.io/2024/07/06/shiba-inu-on-track-to-over-400-price-rally-could-soar-to-0-000081-crypto-analyst-predicts/): Shiba Inu is reportedly on track for a remarkable price rally of over 400%, potentially soaring to $0.000081, according to the latest forecast by a renowned analyst. This bullish forecast suggests a staggering over 405% run from its current value, potentially leading to a more than fivefold increase in the meme coin’s price. This target would bring SHIB close to its all-time high of $0.00008616, recorded in October 2021. The prediction, shared on X by the analyst who uses the handle @JavonTM1 more popularly known as JAVONMARKS’ over 40,000 followers, is based on technical analysis. They highlighted a key resistance - [Shytoshi Kusama Wraps Up Epic Japan Meet and Greet, Shiba Inu Eyes Mumbai Next!](https://news.shib.io/2024/07/06/shytoshi-kusama-wraps-up-epic-japan-meet-and-greet-shiba-inu-eyes-mumbai-next/): Shytoshi Kusama ends a historic meet and greet in Japan, announcing that Mumbai will be his next destination. Kusama, the pseudonymous lead developer of Shiba Inu crypto project, has successfully concluded a historic meet and greet at the Infinity Ventures Summit (IVS) in Kyoto. The event marked a significant milestone for the Shiba Inu community, offering a rare opportunity for enthusiasts to connect with the enigmatic figurehead.  The meet and greet provided a platform for open dialogue, allowing attendees to gain insights into the project’s future direction and the vision behind the Shiba Inu ecosystem. Following the enthusiastic reception in - [The Weekly Meme Digest - July 6, 2024](https://news.shib.io/2024/07/06/the-weekly-meme-digest-8/): Buckle Up, Degens: This Week’s Crypto Coaster is a Wild Ride! 🎢 Welcome back, my fellow crypto connoisseurs, to the Weekly Meme Digest – your one-stop shop for all things chaotic, comical, and downright cringe in the cryptosphere! This week’s edition is a rollercoaster you won’t want to miss, with twists, turns, and drops that’ll leave you breathless. So grab your Lambo keys and a bag of popcorn, because things are about to get spicy! 🌶️ First up, we’ve got Elon Musk allegedly moonlighting as a crypto scammer with an AI-generated video that’s so convincing, it’ll make you question reality - [Celsius Claws Back: Crypto's Withdrawal Roulette](https://news.shib.io/2024/07/06/celsius-claws-back-cryptos-withdrawal-roulette/): Hold onto your hats, crypto comrades, because Celsius is taking the concept of “rug pull” to a whole new level! 🤯 The bankrupt lending platform, in a move that’s raising eyebrows and blood pressure across the cryptoverse, is reportedly suing thousands of customers who had the audacity to withdraw their OWN FUNDS 💰 before the company imploded. 💥 Think of it this way: You’re a savvy crypto investor 🧠, you see the writing on the wall at Celsius (or maybe you just got a lucky hunch 😉), and you pull your funds before the whole thing goes belly up. You - [Bitcoin With a Bloody Nose: Are Paper Hands Feeding the Whales?](https://news.shib.io/2024/07/06/bitcoin-with-a-bloody-nose-are-paper-hands-feeding-the-whales/): Buckle up, buttercup, because Bitcoin’s taking a beating! 🤕 The king of crypto has stumbled below $55K, leaving a trail of panic and FUD in its wake. Paper hands are shaking like a leaf in a hurricane, while whales are gleefully scooping up cheap BTC like it’s Black Friday. 🤑 Whispers in the cryptoverse suggest that Germany is quietly offloading its Bitcoin stash, while Mt. Gox creditors gear up to unleash a torrent of BTC. 🤫 Miners, meanwhile, are feeling the heat as profits evaporate. Is this the apocalypse for Bitcoin, or just another hurdle to overcome? 🤔 Plot Twist! - [The Bankman-Fried Saga: When Political Donations Become a Family Affair](https://news.shib.io/2024/07/06/the-bankman-fried-saga-when-political-donations-become-a-family-affair/): Move over, Wolf of Wall Street, there’s a family of alleged financial schemers in town, and they’re playing with crypto, not stocks. 🤯 The Bankman-Frieds, once revered as crypto royalty, are now in the hot seat, their alleged political puppeteering laid bare by a trove of emails seen by The Wall Street Journal. Sam Bankman-Fried, the disgraced FTX founder, wasn’t acting alone in his political power play. Oh no, his whole family was reportedly moonwalking their way into Washington’s heart (and wallet). Brother Gabriel, the self-proclaimed Donation Maestro, allegedly curated a list of Democratic politicians, showering them with FTX funds - [German MP's Bitcoin Plea Under the Microscope, Motives Questioned](https://news.shib.io/2024/07/06/german-mps-bitcoin-plea-under-the-microscope-motives-questioned/): Prost! It’s not just Oktoberfest brews causing a stir in Germany. Strap on your Lederhosen and get ready for a crypto comedy that’s more entertaining than a Bavarian yodeling contest. This week, Member of Parliament Joana Cotar criticized the German government’s decision to sell off its Bitcoin holdings, calling it “counterproductive.” She argues that Bitcoin, already being considered as a strategic reserve currency in the U.S., should be held, not sold. Cotar has invited prominent figures, including Finance Minister Christian Lindner and Chancellor Olaf Scholz, to a lecture on “Bitcoin Strategies for Nation States” on October 17, featuring Bitcoin expert - [Crypto Scammers Level Up With AI-Generated Elon Musk Video](https://news.shib.io/2024/07/06/crypto-scammers-level-up-with-ai-generated-elon-musk-video/): Crypto scammers are getting creative with a much too literal kind of degeneracy. And this time, their weapon is an ingenious combination of an Elon Musk façade and AI. 😱 Can you believe it? It’s just exactly as he feared and talked about a while ago when he said, “I’m increasingly inclined to think that there should be some regulatory oversight, maybe at the national and international level, just to ensure we don’t do something very foolish. I mean, with artificial intelligence, we’re summoning the demon.” Talk about manifesting! 🧘🏼‍♂️😬 So let’s just say the demon has been summoned to - [Crypto Crash: Factors Contributing to Ongoing Market Slump Explored](https://news.shib.io/2024/07/05/crypto-crash-factors-contributing-to-ongoing-market-slump-explored/): The cryptocurrency market has come under selling pressure, indicating an increase in negative sentiment among investors. Reports from multiple sources show that the market lost more than $170 billion in total market value. The recent drop has caused heartburn among market players, with the question on top of everyone’s mind being how much longer it will last. One potential factor contributing to the situation is the pressure on Bitcoin, the world’s largest cryptocurrency, as Mt. Gox started repayments to its users. The collapsed Bitcoin exchange owes around $9 billion to its customers. Bitcoin’s price fell by 8% on Friday to - [While You Panic Sell, A Crypto Whale Buys The Dip, Snapping Up Nearly $10 Million in SHIB](https://news.shib.io/2024/07/05/while-you-panic-sell-a-crypto-whale-buys-the-dip-snapping-up-nearly-10-million-in-shib/): As panic selling grips the cryptocurrency market, a major crypto whale has made a strategic move, investing a staggering $120 million in various digital assets, including a significant stake in Shiba Inu (SHIB). On-chain data from blockchain analytics tool LookOnChain reveals that the whale acquired 583.78 billion Shiba Inu tokens, valued at around $9.68 million, in a single transaction. This move, amidst a broader market downturn, highlighted the confidence some large investors have in the long-term potential of certain cryptocurrencies. The whale’s investment strategy aligns with the common adage “buy the dip.” While many retail investors are succumbing to fear - [Shytoshi Kusama's First Public Appearance: Shib Army Japan Floods X with Photos and Videos](https://news.shib.io/2024/07/05/shytoshi-kusamas-first-public-appearance-shib-army-japan-floods-x-with-photos-and-videos/): The pseudonymous Shiba Inu project lead Shytoshi Kusama captivated the Shib Army in Japan during his first public appearance at the IVS Conference in Kyoto. Photos and videos of Kusama taken by Shib Army members quickly went viral within the Shiba Inu community. Just as Kusama revealed in his tweet on Thursday, he showed up at the Shiba Inu booth and interacted with the Shib Army and other crypto enthusiasts, albeit still not revealing his identity. The mysterious Shiba Inu leader appeared in what resembles a black haori samurai ensemble and a Batman-style mask. Shiba Inu marketing lead Lucie shared - [EXCLUSIVE: IRS Cracks Down on Crypto Tax Evasion: What Crypto Bros Need to Know](https://news.shib.io/2024/07/05/exclusive-irs-cracks-down-on-crypto-tax-evasion-what-crypto-bros-need-to-know/): The Biden administration’s recently finalized crypto reporting rules bring significant changes for cryptocurrency investors, marking a pivotal shift in tax compliance for the digital asset market. Set to take effect in 2025, these stringent regulations by the U.S. Department of the Treasury and the IRS aim to ensure accurate reporting of crypto gains and losses, directly impacting both retail investors and crypto brokers. Last Friday, the Internal Revenue Service (IRS) has unveiled the crypto reporting rules aimed at curbing tax evasion. The new regulations mandate that crypto brokers report digital asset sales and exchanges to the IRS, to ensure accurate - [South Korean Crypto Alliance DAXA Reveals Token Review Guidelines Under New Investor Protection Law](https://news.shib.io/2024/07/04/south-korean-crypto-alliance-daxa-reveals-token-review-guidelines-under-new-investor-protection-law/): The Digital Asset Exchange Association (DAXA), an industry body comprising five major South Korean exchanges, has revealed the details of its proposed assessment of 1,333 digital assets spanning six months in compliance with South Korea’s new investor protection laws, which will be enforced starting on July 19. This review, which has been in the pipeline for months, aims to mitigate potential mass delistings under the new regulations. Twenty South Korean crypto exchanges, including leading platforms Bithumb and Upbit, are mandated to evaluate the cryptocurrencies listed on their platforms to follow the guidelines set forth by the Protection of Virtual Asset - [Shiba Inu's Shytoshi Kusama to Reveal Identity? Announces Meet and Greet with Shib Army in Japan](https://news.shib.io/2024/07/04/shiba-inus-shytoshi-kusama-to-reveal-identity-announces-meet-and-greet-with-shib-army-in-japan/): Shytoshi Kusama, the pseudonymous lead developer behind the popular Shiba Inu cryptocurrency project, has sent the crypto community into a frenzy with his recent announcement of a meet-and-greet with the Shib Army at the upcoming IVS (Infinity Ventures Summit) in Kyoto, Japan. However, whether this event will truly mark the unveiling of Kusama’s identity or is yet another cryptic message from the enigmatic developer remains a subject of intense speculation. The announcement, made via an X (formerly Twitter) post, promises a historic moment for the Shiba Inu community. Kusama has been a shadowy figure since the project’s inception, and his - [Crypto Mogul Justin Sun Offers Lifeline to Bitcoin Amid German Government Sell-Off](https://news.shib.io/2024/07/04/crypto-mogul-justin-sun-offers-lifeline-to-bitcoin-amid-german-government-sell-off/): Crypto billionaire Justin Sun steps up to soften the impact of the German government’s Bitcoin (BTC) dump by negotiating to purchase the BTC off-market. Sun, the founder of Tron and a prominent figure in the cryptocurrency industry, made a significant announcement amid the recent market turmoil. Following the German government’s offloading of another 1,300 BTC to major crypto exchanges, Sun expressed his willingness to negotiate with German authorities to buy all the BTC off-market via an X post.  “I am willing to negotiate with the German government to purchase all BTC off-market in order to minimize the impact on the - [KNINE Token Skyrockets in Visibility with Premier Market Data Platform Integration](https://news.shib.io/2024/07/04/knine-token-skyrockets-in-visibility-with-premier-market-data-platform-integration/): K9 Finance, the official partner of Shiba Inu, has just made a major move to boost its presence in the crypto world with a recent integration of its native token, KNINE, into a popular crypto market data aggregator, opening the door to a massive new audience of potential investors and users. The official X account of K9 Finance DAO announced the latest development on the social media platform and highlighted the significance of this integration. “The $KNINE token is integrated into CoinPaprika! This means better tracking and wider exposure for K9 Finance DAO! More👀on K9 Finance DAO 👇 ➡️Market data: More - [BitMEX Index Inclusion Boosts SHIB ETF Prospects](https://news.shib.io/2024/07/04/bitmex-index-inclusion-boosts-shib-etf-prospects/): The Shiba Inu Army’s aspirations for a Shiba Inu Exchange Traded Fund (SHIB ETF) have received a significant boost with SHIB’s recent inclusion in BitMEX’s innovative MEMEMEXTUSDT index, a basket of top-performing meme coins. BitMEX, the Seychelles-headquartered cryptocurrency exchange and derivatives trading platform co-founded by Arthur Hayes, unveiled the BitMEX Meme Basket Index Perp on Thursday. It is a groundbreaking financial instrument designed to track the performance of the top 10 meme coins, which it described as “the S&P500 for crypto memecoins.” BitMEX explained, “With Basket Index perps, traders can speculate on the overall performance of a segment of the - [Shiba Inu Bullish Signals Intensify: Traders Eye Potential Breakout as Accumulation Nears End](https://news.shib.io/2024/07/04/shiba-inu-bullish-signals-intensify-traders-eye-potential-breakout-as-accumulation-nears-end/): The Shiba Inu (SHIB) market is flashing bullish signals, as prominent crypto traders observe a potential end to the recent accumulation phase. This development, coupled with other positive indicators, has led to speculation of an impending price breakout for the popular dog-themed altcoin. Crypto trader @Gem_Sheriff, also known as Crypto Sheriff on X, recently highlighted that despite a substantial price rally, investors continued to accumulate SHIB. The trader also noted that low Relative Strength Index (RSI) values suggested Shiba Inu might be oversold, potentially indicating an undervaluation. These factors combined led to speculation that SHIB might be ready to transition - [Homecoming!](https://news.shib.io/2024/07/03/homecoming/): Read the latest edition of The Shib magazine here. - [Interview/Anndy Lian - Ethereum's Layer 2 Shift: The Future is Brimming with Potential](https://news.shib.io/2024/07/03/interview-anndy-lian-ethereums-layer-2-shift-the-future-is-brimming-with-potential/): Ethereum’s infamous congestion is becoming a distant memory as Layer 2 solutions come online. The L2s are designed to unleash a new era of blockchain speed, affordability, and innovation, with the potential to reshape industries and revolutionize how we interact with digital assets. We spoke with Anndy Lian, an influential blockchain expert, best-selling author, and dynamic business strategist,  for a deep dive into this transformative technology. The Shib: Ethereum’s scalability challenges have been a major roadblock to mass adoption. How do you see Layer 2 solutions not only addressing these issues but also unlocking new possibilities for the blockchain industry - [Interview/Taha Abbasi – The Layer 2 Future: A Crypto CTO's Roadmap for Ethereum's Next Era](https://news.shib.io/2024/07/03/interview-taha-abbasi-the-layer-2-future-a-crypto-ctos-roadmap-for-ethereums-next-era/): Ethereum, the blockchain behind countless decentralized applications and digital assets, was once on the brink of irrelevance due to its notorious scalability issues. However, Layer 2 (L2) solutions have emerged as a saving grace, not only addressing these problems but also opening up a raft of new possibilities. In this exclusive interview with The Shib Daily, Taha Abbasi, CTO and co-creator of blockchain engineering powerhouse Ferrum Labs, reveals how L2s are transforming Ethereum and the broader crypto landscape. Abbasi, a seasoned tech veteran with a background at National Geographic, Apple, and NASA, offers a unique perspective on the challenges and - [EXCLUSIVE: Shiba Inu Unleashes Documentation Overhaul, Hints at Major Upgrades Soon](https://news.shib.io/2024/07/03/exclusive-shiba-inu-unleashes-documentation-overhaul-hints-at-major-upgrades-soon/): Shiba Inu has unleashed a sweeping overhaul of its documentation platform, igniting fervent anticipation within its vibrant community for a cascade of groundbreaking upgrades. The Shiba Inu community was abuzz this week with reports of a significant update to the project’s documentation, particularly for the layer-2 scalability solution Shibarium. This strategic shift, although initially flying under the radar for many, marks a major milestone for the Shiba Inu ecosystem.  The team has migrated to a new documentation platform — a move poised to empower both users and contributors, fostering a more inclusive and dynamic environment for knowledge sharing and technical - [Shiba Inu's Shytoshi Kusama Discloses Agenda for Japan Visit](https://news.shib.io/2024/07/03/shiba-inus-shytoshi-kusama-discloses-agenda-for-japan-visit/): Shytoshi Kusama, the pseudonymous lead developer of the Shiba Inu (SHIB) project, recently revealed the agenda for his visit to Japan in a series of posts on social media platform X.  The visit was described by Shy (as he is fondly called by the Shib Army) as a “dream come true,” aimed at engaging with “the brightest minds” in Japan to discuss the future of Shib, the transition from Web2 to Web3, and other related topics. Kusama, known for his cryptic messages and enigmatic persona, expressed his gratitude for the opportunity to visit Japan, a country that played a significant - [Bone ShibaSwap Expands Reach With Unique Market Offering](https://news.shib.io/2024/07/03/bone-shibaswap-expands-reach-with-unique-market-offering/): Bone ShibaSwap (BONE), in a significant development for the Shiba Inu ecosystem, took a major step toward broader market participation with the listing of the BONEUSDT perpetual contract on the Web3 crypto exchange SuperEx today. This latest development, announced on Wednesday via the exchange’s official X account, introduced a new avenue for traders and investors to engage with the BONE token, potentially increasing its liquidity and visibility within the cryptocurrency landscape. “Dear SuperExers: SuperEx will list the BONEUSDT perpetual contract trading pair, details are as follows: Trading Pair: BONEUSDT Trading Time: July 3, 2024, 03:00 (UTC) Underlying asset: BONE Settlement - [Shiba Inu Soars to New Heights as Global Travel Agency Accepts SHIB as Payment](https://news.shib.io/2024/07/02/shiba-inu-soars-to-new-heights-as-global-travel-agency-accepts-shib-as-payment/): Shiba Inu continues its remarkable journey towards mainstream adoption, taking flight in the travel industry as the popular meme coin is now accepted as a form of payment by international travel agency Block.Travel. Block.Travel, which operates globally with a presence in Spain and Argentina, allows users to book flights, hotels, and other travel services using SHIB, along with other cryptocurrencies. This marks a significant milestone for both the Shiba Inu community and the broader crypto world, demonstrating the growing acceptance and utility of digital assets in everyday transactions. Xanders, a prominent figure in the Shiba Inu community, played a pivotal - [Shiba Inu Marketing Lead Teases 'Big Prize Pool' For Shibarium](https://news.shib.io/2024/07/02/shiba-inu-marketing-lead-teases-big-prize-pool-for-shibarium/): Shiba Inu marketing lead, Lucie, is stirring up excitement within the “Shib Army” with the tantalizing promise of a “Big Prize Pool” specifically for users of Shibarium, the project’s new layer-2 scaling solution. The announcement came via an X post, where @LucieSHIB revealed that the Discord Shibarium team, with the backing and funding of the Shiba Inu developers, is organizing the giveaway. The team is currently exploring the most convenient method to distribute the prize to all eligible users. “There is a big prize pool for summer on #Shibarium! $2000 for #Shibarium users. We are still deciding how to make - [K9 Finance Exceeds Expectations, Secures Major Milestone With Global CEX Integration](https://news.shib.io/2024/07/02/k9-finance-exceeds-expectations-secures-major-milestone-with-global-cex-integration/): K9 Finance has shattered expectations by securing a major integration with global cryptocurrency exchange giant Coinbase. This landmark achievement not only marks a significant milestone in the project’s roadmap but also demonstrates the team’s ability to surpass their ambitious goals. Earlier this week, K9 Finance took to X (formerly Twitter) to announce the integration of $KNINE with Coinbase Wallet. In its post, the team highlighted the enhanced ease and accessibility this integration provides for $KNINE holders, who can now manage their tokens directly within Coinbase Wallet. The integration with Coinbase Wallet comes on the heels of a series of impressive - [Vitalik Buterin Urges Transparency in Crypto Regulation, Criticizes 'Anarcho-Tyranny' by Regulators](https://news.shib.io/2024/07/02/vitalik-buterin-urges-transparency-in-crypto-regulation-criticizes-anarcho-tyranny-by-regulators/): Ethereum co-founder Vitalik Buterin voiced concerns over the current state of cryptocurrency regulation, particularly in the United States, calling for increased transparency and best practices while criticizing what he termed “anarcho-tyranny” among regulators. In a recent post on the decentralized social media platform Warpcast, Buterin highlighted a regulatory paradox where projects offering vague promises and unclear returns face less scrutiny than those providing clear explanations and customer rights. He argued that this situation incentivizes the creation of “useless” products and services, hindering genuine innovation in the crypto space. Buterin contended that this “anarcho-tyranny” – a combination of regulatory ambiguity and - [Biden Admin Finalizes Stricter New Crypto Reporting Rules to Stop Tax Evasion](https://news.shib.io/2024/07/02/biden-admin-finalizes-stricter-new-crypto-reporting-rules-to-stop-tax-evasion/): The Biden administration has revealed the finalized crypto reporting rules, introducing strict measures to combat tax evasion starting in 2025. Last Friday, the U.S. Department of the Treasury and the IRS unveiled new regulations aimed at ensuring that American taxpayers accurately report their cryptocurrency gains and losses. These rules, set to take effect in calendar year 2025, mandate that crypto brokers, including exchanges and payment processors, report digital asset sales and exchanges to the IRS. The new reporting requirements aim to ensure that Americans file accurate taxes on digital asset transactions. This initiative is part of a broader effort to - [Shibarium Achieves New Milestones, Surges with 100% Spike in Daily Transactions](https://news.shib.io/2024/07/02/shibarium-achieves-new-milestones-surges-with-100-spike-in-daily-transactions/): Shibarium experienced a significant surge in activity, with daily transactions doubling and several key metrics reaching new milestones. Shibarium, the layer-2 scalability solution of the Shiba inu crypto project continued to showcase impressive performance evidenced by several metrics. Recent data from Shibarium blockchain explorer Shibarium Scan showed that the total number of blocks processed on the Shibarium network surpassed 5.5 million, showcasing the platform’s growing capacity and usage.  Additionally, the total number of transactions neared an impressive 420 million, while wallet addresses exceeded 1.8 million. These figures demonstrate the increasing adoption and utilization of Shibarium by the cryptocurrency community.  Notably, - [Shiba Inu Defies Market with Massive Surge In Large-Transactions and Token Burning](https://news.shib.io/2024/07/02/shiba-inu-defies-market-with-massive-surge-in-high-transaction-volume-and-token-burning/): Shiba Inu defies market trends with a triple-digit uptrend in the volume of large transactions and amid the massive token burning initiatives within the ecosystem. Shiba Inu (SHIB), the world’s second-largest dog-themed altcoin by market capitalization, has seen interesting developments this week. Recent data from on-chain analytics firm IntoTheBlock revealed a notable 181% jump in large transactions for SHIB, highlighting heightened interest in the meme coin.   This suggests that there is heightened interest in SHIB, with more substantial transactions taking place. This surge in activity correlated with a 65% increase in daily active addresses within a 24-hour period, indicating growing - [China's Paradox: No to Crypto, Yes to Blockchain](https://news.shib.io/2024/07/01/chinas-paradox-no-to-crypto-yes-to-blockchain/): Since China’s blanket ban on crypto transactions in late 2017, it has been clear in its approach toward cryptocurrency. The Chinese authorities persist in their belief that decentralized digital currencies are more harmful than beneficial. The concern arises from the tendency of cryptocurrencies to mask capital outflows, a behavior that Chinese regulators seek to limit, as well as their association with money laundering. Despite stringent measures placed on crypto trading, the country shows ongoing support for blockchain technology as a fundamental tool for driving innovation in fields such as digital identity, supply chain management, and transborder payments. Ant Group: Increased - [Whispers from the East: Shytoshi Kusama in Secret Journey to Shiba Inu's Home in Japan](https://news.shib.io/2024/07/01/whispers-from-the-east-shytoshi-kusama-in-secret-journey-to-shiba-inus-home-in-japan/): Shytoshi Kusama, the pseudonymous lead developer of the Shiba Inu (SHIB) cryptocurrency project, is reportedly in Japan.  Whispers within the Shiba Inu community suggest that Shy, as he is affectionately called by the Shib Army, has quietly made his way back to Shiba Inu’s homeland. Although unconfirmed by Shy himself, a series of cryptic clues and insider information indicate that the enigmatic developer, after landing in Nice, France, has now arrived in the Land of the Rising Sun. This leak, which originated from high-level insiders within the Shiba Inu team, raised questions and sparked curiosity about the motives behind this - [Coinbase Secures Landmark Deal with U.S. Marshals Service for Crypto Custody and Trading](https://news.shib.io/2024/07/01/coinbase-secures-landmark-deal-with-u-s-marshals-service-for-crypto-custody-and-trading/): The U.S. Marshals Service (USMS), a division of the U.S. Department of Justice tasked with asset forfeiture, has selected Coinbase Prime as its preferred custodian and trading partner for its “Class 1” (large cap) digital assets. This landmark decision marks a significant step in the growing acceptance and institutional adoption of cryptocurrencies. The USMS initiated a competitive due diligence process earlier this year, evaluating various solutions for managing and disposing of substantial quantities of popular cryptocurrencies, as announced in March by the Asset Forfeiture Division (AFD). The goal was to streamline custody, management, and disposal processes while diversifying the types - [Shiba Inu Holders Show Diamond Hands, Bulls Mount Nearly $49M Buy Orders Amid Trading Lull](https://news.shib.io/2024/07/01/shiba-inu-holders-show-diamond-hands-bulls-mount-nearly-49m-buy-orders-amid-trading-lull/): Shiba Inu holders are showcasing their “diamond hands” as they maintain strong positions despite a trading lull. Meanwhile, bullish traders have mounted nearly $47 million in buy orders. Recent data from data science company IntoTheBlock revealed that the majority of Shiba Inu (SHIB) holders maintained their positions over the past 12 months. This steadfastness, with 77% of addresses identified as long-term holders, provided a robust foundation against further price drops.  This “diamond hands” mentality suggested a solid support level for SHIB, with long-term holders showing confidence in the token’s potential. However, over the past three months, despite the strong base - [Coin98 Announcement: Shib Names Now Supported for Secure Multi-Chain Transactions](https://news.shib.io/2024/07/01/coin98-announcement-shib-names-now-supported-for-secure-multi-chain-transactions/): Coin98, a DeFi platform that offers services on multiple blockchains, now supports *SHIB names, according to an announcement on X (formerly Twitter). This grants users the ability to utilize their *SHIB names across different chains and manage and transfer digital assets. The ability to deal across multiple chains with one Web3 identity is a major development for the Shiba Inu (SHIB) project, representing a crucial component of the development team’s vision. “Coin98 Super Wallet now supports *VIC, *CORE, and *SHIB names from @D3inc – an identity service for top Web3 communities,” the announcement on X read. It added that users - [Government-led Crypto Offloading Raises Speculations; Markets Jittery](https://news.shib.io/2024/07/01/government-led-crypto-offloading-raises-speculations-and-market-jitters/): A wave of government-led cryptocurrency selloffs has sent ripples through the digital asset market, with Germany and the United States leading the charge. The timing and scale of these transactions have raised eyebrows and prompted speculation about the motives behind these moves. According to on-chain data from blockchain analysis platform Arkham Intelligence, the U.S. government transferred 3,375 ETH (worth approximately $11.75 million) to an unknown address on July 1.  This address reportedly holds seized funds from Estonian crypto entrepreneurs Konstantin Potapenko and Ivan Turogin, raising questions regarding potential connections between the transfer and previous legal actions.   Furthermore, blockchain analytics tool LookonChain - [Roaring Kitty Roars Again: Lawsuit Alleges Market Manipulation in GameStop Frenzy, But Crypto Twitter Cries Foul](https://news.shib.io/2024/07/01/roaring-kitty-roars-again-lawsuit-alleges-market-manipulation-in-gamestop-frenzy-but-crypto-twitter-cries-foul/): Roaring Kitty, also known as Keith Gill and by his online moniker “DeepFuckingValue,” is back in the headlines as a new lawsuit accuses him of market manipulation during the notorious GameStop trading frenzy. A proposed class action lawsuit filed in the Eastern District of New York on June 28 alleges that Gill orchestrated a pump-and-dump scheme to manipulate the price of GameStop (GME) securities. The plaintiff, Martin Radev, claims that Gill used his significant social media influence to artificially inflate GME prices, then profited from selling his holdings. The lawsuit focuses on Gill’s actions between May 13, 2024, and June - [Sony's Bold Crypto Ambitions Unveiled: Subsidiary Rebrands as S.BLOX, Platform Overhaul Underway](https://news.shib.io/2024/07/01/sonys-bold-crypto-ambitions-unveiled-subsidiary-rebrands-as-s-blox-platform-overhaul-underway/): Sony Group’s subsidiary WhaleFin is rebranding as S.BLOX Co., signaling a renewed focus on its crypto trading services and closer integration with the Sony Group ecosystem. Contrary to recent reports suggesting a new acquisition, Sony Group had acquired Amber Japan’s WhaleFin nearly a year ago, last August. This acquisition highlighted Sony’s foresight in tapping into the growing cryptocurrency market. Amber Japan, which operated the well-known cryptocurrency trading platform WhaleFin, now embarks on a new journey under the S.BLOX brand. In a Monday statement, the company detailed the rebranding. “Amber Japan Co., Ltd. (Headquarters: Minato-ku, Tokyo; CEO: Jun Watanabe), which operates - [Shiba Inu Emerges from Undervalued Territory, Signaling Potential for Renewed Growth](https://news.shib.io/2024/06/30/shiba-inu-emerges-from-undervalued-territory-signaling-potential-for-renewed-growth/): Shiba Inu (SHIB) is attracting renewed attention from investors as it emerges from “underbought” territory. This shift in sentiment, signaled by recent data from crypto market analysis firm Santiment, indicates a potential turning point for the cryptocurrency, which had previously experienced price fluctuations in the volatile crypto market. In an X (formerly Twitter) post accompanied by a chart, a cryptocurrency and blockchain-focused financial market data and content platform Santiment, highlighted that SHIB falls under the “underbought” category according to the MVRV Z-Score, a metric that assesses the market value of an asset relative to its realized value. This suggests that - [The Weekly Meme Digest - June 29, 2024](https://news.shib.io/2024/06/29/the-weekly-meme-digest-7/): 👑 Degens, degens, degens! Welcome back to the grand ballroom of crypto satire 🎉, where laughter echoes louder than a Bitcoin pump and memes are the main course! 🃏 Welcome readers, and get ready for a hell of a ride where we bring you fun, humoros, satirical, and meme-tastic crypto news the Shiba Inu way! 🐕‍🦺 This week’s Shib’s Daily Meme Digest, aptly titled “Crypto Chronicles: Legal Loopholes, Political Snafus & YouTube Brawls!” is here to tickle your funny bone and challenge your brain cells. 🚀 Forget the boring news stuff and snooze-worthy headlines. Nope, this is our light-hearted way - [Teflon Gary: Crypto Bros' Public Enemy #1 (and Your Secret Weapon?)](https://news.shib.io/2024/06/29/teflon-gary-crypto-bros-public-enemy-1-and-your-secret-weapon/): Is Gary Gensler the crypto Grim Reaper or just a misunderstood teddy bear? 🤔 Crypto Twitter is ablaze with pitchforks and laser eyes, but is all the hate warranted? 🧐 Your favorite crypto bros are throwing a Twitter tantrum over SEC Chair Gary “Teflon” Gensler. They say he’s the villain blocking crypto’s moon mission. 🚀 But hold on, degens… are we sure these bros aren’t just salty about their rug-pulled scams and impending jail time? 🤔 Degens of the world, the crypto bros that you so admire despise the man with a passion. They want us to believe Gensler is - [SCOTUS Slaps Down Chevron Deference: Is This the SEC's 'Game Over' Screen?](https://news.shib.io/2024/06/29/scotus-slaps-down-chevron-deference-is-this-the-secs-game-over-screen/): Ladies, gentlemen, and crypto enthusiasts, fasten your seatbelts for a wild ride through the latest courtroom drama that’s shaking up the regulatory landscape! In a landmark 6-3 decision, the U.S. Supreme Court has put the brakes on the SEC’s regulatory juggernaut, leaving many to wonder: is this a triumph for clarity or a Pandora’s box of legal headaches? 🚀⚖️ Let’s set the stage. The Supreme Court has overturned the 1984 Chevron decision, which has long been the legal bedrock allowing federal agencies to interpret ambiguous laws. For nearly 40 years, Chevron deference has been the regulatory equivalent of “Mother, may - [Logan Paul vs Coffeezilla: When 'The Maverick' Met His Match (and Got Roasted)](https://news.shib.io/2024/06/29/logan-paul-vs-coffeezilla-when-the-maverick-met-his-match-and-got-roasted/): Ladies and gentlemen, meme lords and crypto wizards, gather ’round for the ultimate showdown in the digital circus! In the red corner, we have Logan Paul, the YouTube sensation known for his wild antics and entrepreneurial spirit. ☕🥊 In the blue corner, we have Stephen Findeisen, aka Coffeezilla, the YouTube detective who sniffs out scams and frauds like a bloodhound. The battleground? A Texas district court. The weapon of choice? A defamation lawsuit over the infamous CryptoZoo NFT project. 🍿🤑 Paul, the influencer who’s no stranger to controversy (remember those suicide forest shenanigans? 😬), is now suing YouTuber Coffeezilla for - [Uncle Sam's Crypto Shuffle: Coinbase is Illegal... But Hold My Bitcoin](https://news.shib.io/2024/06/29/uncle-sams-crypto-shuffle-coinbase-is-illegal-but-hold-my-bitcoin/): Buckle up, crypto fam! Last June, the U.S. government pulled off a regulatory hat trick that would make a magician blush. 🎩✨ First, the SEC slapped Coinbase with charges for operating as an unregistered securities exchange, broker, and clearing agency. Then, they doubled down on the accusation, highlighting Coinbase’s crypto staking service as equally illicit. But wait, there’s a twist! 🤯 Uncle Sam, in all his wisdom, then turned around and made Coinbase his Bitcoin banker! Yes, you read that right. The same company accused of raking in billions through “unlawful” activities is now trusted with safeguarding the government’s own - [Crypto? Who's That? The Trump-Biden Debate That Forgot the Future!](https://news.shib.io/2024/06/29/crypto-whos-that-the-trump-biden-debate-that-forgot-the-future/): Hold onto your lambo keys, folks! We’re diving into the riveting discourse that’s been sweeping the nation… or rather, the echo chamber of crypto Twitter. Forget the impending climate crisis or the existential dread of AI, the real question is, why didn’t Trump or Biden include crypto in their talk-of-the-world 90-minute debate that gave the internet a plethora of memes? Welcome to the meme-tastic world of crypto satire, where the absurd is dissected with glee! 🎉 Last Thursday, the world tuned in to watch the grand debate between White House aspirants Donald Trump and Joe Biden. Spoiler alert: not a - [Coinbase Boosts SHIB ETF Prospects with Shiba Inu Futures Filing With CFTC](https://news.shib.io/2024/06/28/coinbase-boosts-shib-etf-prospects-with-shiba-inu-futures-filing-with-cftc/): Crypto exchange giant Coinbase, via its U.S.-based, CFTC-registered approved derivatives exchange Coinbase Derivatives, has taken a significant step towards the potential launch of a Shiba Inu exchange-traded fund (SHIB ETF) by filing for futures contracts tied to the popular meme coin with the Commodity Futures Trading Commission (CFTC).  Coinbase Derivatives submitted on Friday new filings of futures products tied to Shiba Inu and four other cryptocurrencies, marking a major development in the evolving landscape of crypto-related financial products. Coinbase hopes to launch the new futures contracts on July 15, pending CFTC approval. Coinbase’s move to introduce SHIB futures contracts could - [Shiba Inu's Meteoric Rise Outshines Bitcoin, Ethereum in Yearly and YTD Gains, Grayscale Reports](https://news.shib.io/2024/06/28/shiba-inus-meteoric-rise-outshines-bitcoin-ethereum-in-yearly-and-ytd-gains-grayscale-reports/): Shiba Inu has experienced a meteoric rise in 2024, outperforming established giants like Bitcoin and Ethereum in both yearly and year-to-date (YTD) gains, according to a recent report from Grayscale Investments. Data doesn’t lie and speaks volumes. Regardless of attempts to distort it, data consistently reveals the true performance and potential of an asset. And the data surrounding Shiba Inu is just impossible to ignore. While the project may have originated as a meme coin, it has now ascended to stand shoulder-to-shoulder with industry giants in the cryptocurrency landscape.  Despite lingering skepticism, a recent report from the American digital currency - [Shibarium Channels Admin DaVinci Sounds Alarm: 'Dont Trust, Verify' in the Crypto Wild West](https://news.shib.io/2024/06/28/shibarium-channels-admin-davinci-sounds-alarm-dont-trust-verify-in-the-crypto-wild-west/): DaVinci, the pseudonymous administrator of the communication channels of Shibarium in Telegram and Discord, has issued a stern warning to the Shiba Inu community and crypto investors in general: “Don’t trust – verify.”  This call for heightened vigilance comes amid a surge in deceptive practices within the often treacherous crypto space, particularly targeting the Shiba Inu ecosystem and its community. In recent weeks, this threat became a reality as several Shiba Inu community members reported imposter accounts on X (formerly Twitter) attempting to deceive and potentially victimize unsuspecting individuals. This alarming trend underscores the urgency of DaVinci’s message, which he - [SEC's Gensler Accuses Crypto of Being 'Highly Centralized' with Platforms 'Centralizing and Commingling'](https://news.shib.io/2024/06/28/secs-gensler-accuses-crypto-of-being-highly-centralized-with-platforms-centralizing-and-commingling/): U.S. Securities and Exchange Commission Chairman Gary Gensler remains undeterred amidst a barrage of criticism, firmly advocating for consumer protection. In a recent interview, Gensler, a controversial figure in the financial sector, reiterated his concerns about the crypto industry, claiming it is “highly centralized” with “a few platforms” also “centralizing and commingling things.” Gensler has become a divisive figure in the crypto world, earning widespread disdain for the SEC’s rigorous enforcement actions under his leadership. He is often portrayed as the antagonist stifling the industry’s progress in the U.S. Despite this, Gensler has not wavered from his position, emphasizing the - [Shibarium Defies Crypto Norms: Gas Fees Plummet, Proving Its Affordability Edge](https://news.shib.io/2024/06/28/shibarium-defies-crypto-norms-gas-fees-plummet-proving-its-affordable-edge/): Shibarium has recently experienced a dramatic drop in gas fees, solidifying its position as the most cost-effective network in the crypto space. Shibarium, the layer-2 scaling solution for Shiba Inu (SHIB), has rapidly emerged as a frontrunner in the blockchain space, boasting impressive transaction metrics and unparalleled cost-efficiency. Launched in late August 2023, the network has already processed a staggering 415.95 million transactions, demonstrating its robust utility and growing adoption. Recent data from the blockchain explorer for Ethereum networks, Shibarium explorer, revealed Shibarium witnessed an astonishing 84% decrease in transaction fees, dropping from 79 BONE on June 22 to a - [AIRian x LEASH – Exclusive $AIRdrop Event: Eligibility Verification Extended!](https://news.shib.io/2024/06/27/airian-x-leash-exclusive-airdrop-event-eligibility-verification-extended-2/): Following overwhelming demand from the Shiba Inu community for the “AIRian x LEASH – Exclusive $AIRdrop” event, AIRian and Shiba Inu have extended the eligibility verification period for the event.To be eligible, individuals must hold LEASH tokens from June 26, 2024, 23:00 GMT+08:00 to July 6, 2024, 17:00 GMT+08:00. Both staked LEASH and those utilized within ShibaSwap Liquidity Provider (SSLP) pools will be included in determining eligibility. Read full article here. - [AIRian x LEASH - Exclusive $AIRdrop Event: Eligibility Verification Extended!](https://news.shib.io/2024/06/27/airian-x-leash-exclusive-airdrop-event-eligibility-verification-extended/): AIRIAN and Shiba Inu have decided to extend the eligibility verification period for the “AIRian x LEASH – Exclusive $AIRdrop” event, following overwhelming demand from the community. The event offers participants a chance to win a share of a prize pool consisting of 20 AIR Bombs (NODES) and 100,000 $AIR tokens. Participation Requirements: To be eligible for this exclusive event, individuals must hold LEASH tokens within a designated timeframe: from June 26, 2024, 23:00 GMT+08:00 to July 6, 2024, 17:00 GMT+08:00. Both staked LEASH tokens and those utilized within ShibaSwap Liquidity Provider (SSLP) pools are recognized and included in determining - [JUST IN: VanEck Makes Bold Bet on Altcoin with Spot Solana ETF Filing, Classifies SOL as Commodity](https://news.shib.io/2024/06/27/just-in-vaneck-makes-bold-bet-on-altcoin-with-spot-solana-etf-filing-classifies-sol-as-commodity/): Global investment management firm VanEck, in a move that has sent ripples through the crypto world, has filed for a spot Solana (SOL) exchange-traded fund (ETF). This audacious move not only reignites the debate around the regulatory landscape for crypto ETFs but also highlights a burgeoning institutional interest in Solana and the broader cryptocurrency market. VanEck’s decision to focus on Solana is rooted on the blockchain’s unique technological attributes and expanding ecosystem. Matthew Siegel, VanEck’s head of digital asset research, emphasized Solana’s high scalability, impressive transaction speeds, and minimal fees, positioning it as a potential “Ethereum competitor.”  Solana’s robust security - [Double Trouble: Crypto Scams Hit Metallica's X And Hijack Australian News YouTube](https://news.shib.io/2024/06/27/double-trouble-crypto-scams-hit-metallicas-x-and-hijack-australian-news-youtube/): In a series of brazen cyberattacks, hackers recently targeted two prominent platforms: heavy metal band Metallica’s official X (formerly Twitter) account, and Australian broadcaster 7News’ YouTube channel. In both cases, after taking over the accounts the hackers pushed elaborate scams designed to lure unsuspecting victims into fraudulent cryptocurrency schemes. On Wednesday, Metallica’s verified X account was compromised and utilized to promote a fictitious Solana token dubbed METAL, falsely claiming a partnership with Ticketmaster.  The band’s team promptly regained control and deleted the misleading posts, but the incident exposed the vulnerability of even verified social media accounts to exploitation by scammers. - [Binance NOT Delisting Shiba Inu: Separating Fact from Clickbait](https://news.shib.io/2024/06/27/binance-not-delisting-shiba-inu-separating-fact-from-clickbait/): Contrary to sensationalist claims and a flurry of misleading headlines, Binance is not delisting Shiba Inu (SHIB) from its platform. Instead, the exchange is strategically adjusting its trading pairs, removing the SHIB/TUSD (TrueUSD) option due to low trading volume and liquidity. On Wednesday, Binance announced the removal of several spot trading pairs, including SHIB/TUSD, effective Friday. However, sensationalized headlines misconstrued this announcement, sparking panic among investors. Binance emphasized that SHIB remains available for trading on the platform with numerous other cryptocurrency and fiat currency pairs. In an official announcement, Binance explained the rationale behind the delisting of specific trading pairs: - [Bitcoin Whale Funds Julian Assange's Costly Flight to Freedom](https://news.shib.io/2024/06/26/bitcoin-whale-funds-julian-assanges-costly-flight-to-freedom/): While the announcement of Julian Assange’s freedom following a plea deal created an atmosphere of celebration for many, his journey to obtaining it came at a hefty price. However, an anonymous Bitcoin whale, funded this with a single donation, allowing the controversial whistleblower to land in Australia debt-free. Stella Assange, the wife of the founder of WikiLeaks, revealed a frustrating reality following Assange’s release from prison. In an X Post, Stella shared that her husband was under massive debt, about $520,000 for the jet that took him out of Europe, into Saipan and finally to Australia. She appealed on the - [$AIR-DROP!](https://news.shib.io/2024/06/26/air-drop/): Read the latest edition of The Shib magazine here. - [Interview/Anndy Lian - The Future of Crypto Airdrops: Hype or Hope?](https://news.shib.io/2024/06/26/interview-anndy-lian-the-future-of-crypto-airdrops-hype-or-hope/): From Bitcoin’s humble beginnings – where free coins were given away to early adopters – to today’s multi-million dollar airdrop extravaganzas, the landscape of crypto giveaways has transformed dramatically.  As the industry matures, we’re left with critical questions about the long-term viability and ethical implications of these events. To get a handle on these complex issues, we turned to Anndy Lian, a leading voice in the blockchain world. As an intergovernmental expert, best-selling author, investor, board member, and sought-after speaker, Lian brings a wealth of knowledge and a unique perspective to the table. His insights into the evolving world of - [Interview/Vugar Usi Zade - Crypto Airdrops Unmasked: Marketing Ploy or Economic Bedrock?](https://news.shib.io/2024/06/26/interview-vugar-usi-zade-crypto-airdrops-unmasked-marketing-ploy-or-economic-bedrock/): Crypto airdrops have become a polarizing phenomenon in the digital asset space. Are these seemingly generous token giveaways a legitimate way to bootstrap new projects and reward communities, or are they merely elaborate marketing schemes designed to pump and dump tokens on unsuspecting investors?  To unravel this mystery, we sat down with Vugar Usi Zade, the Chief Operations Officer of BitGet and a seasoned veteran in the marketing and communications world. With a distinguished background that includes a Masters in Public Administration from Harvard University and advisory roles with the United Nations, Zade brings a unique perspective to the table. - [Shiba Inu Defies Sell-Off Fears, Turns Green Despite Massive Exchange Inflows](https://news.shib.io/2024/06/26/shiba-inu-defies-sell-off-fears-turns-green-despite-massive-exchange-inflows/): Shiba Inu (SHIB) has defied expectations as its price surges despite a massive influx of tokens into cryptocurrency exchanges.  Market watchers initially feared these significant deposits signaled an impending sell-off, potentially impacting SHIB’s value. However, the cryptocurrency has displayed resilience, trading in the green zone amid potential market volatility. This week, a staggering 13 trillion SHIB tokens were transferred into exchanges, causing a stir among investors. This substantial inflow triggered concerns of a significant price drop as holders might be preparing to liquidate their assets. However, data from onchain market data analytics provider CryptoQuant revealed an unexpected twist. The chart - [Shiba Inu's Lucie Sounds Alarm on Counterfeit Sheboshis](https://news.shib.io/2024/04/08/shiba-inus-lucie-sounds-alarm-on-counterfeit-sheboshis/): The Shiba Inu community, known for its fervent support and enthusiasm, has recently been rocked by a concerning development in the form of counterfeit Sheboshis. These tokens, which gained traction in the crypto market toward the end of February, have attracted considerable attention. However, amid their rising popularity, a troubling trend of fake tokens posing as genuine Sheboshis has emerged, posing risks to investors and community members alike. In response to this alarming situation, Lucie, a key member of the Shiba Inu team, took to Twitter to highlight the critical differences between authentic Sheboshi tokens and their fraudulent counterparts. One - [Mantra Protocol Steps On The Gas: Launches New Feature Revolutionizing Reward Collection in Shibarium](https://news.shib.io/2024/04/08/mantra-protocol-steps-on-the-gas-launches-new-feature-revolutionizing-reward-collection-in-shibarium/): Mantra Protocol, following its launch of the Easter Egg event to support the DAMN meme coin, once again expanded its arsenal of user-centric features with the launch of “NFT Yields.” This latest feature is designed to revolutionize how rewards are collected from various projects within the Shibarium ecosystem. Tackling the Complexity of NFT Rewards The Shibarium NFT ecosystem, known for its rapid development and diverse reward mechanisms, presents a unique challenge for holders: navigating the intricate landscape of staking rewards. As projects within the ecosystem begin to offer a variety of rewards, the process of tracking and claiming these benefits - ['Shiba Eternity' Drops Highly Anticipated Major Update!](https://news.shib.io/2024/04/08/breaking-news-shiba-eternity-drops-highly-anticipated-major-update/): The highly anticipated major update for “Shiba Eternity,” Shiba Inu’s collectible card game (CCG) is now live, bringing a plethora of enhancements including bug fixes and performance optimizations, to name a few.  Players eager to dive back into the game and explore the latest improvements can visit the latest patch on both Google Play Store and Apple App Store.  - [Binance's Colossal Shiba Inu Holdings Surpass User Deposits by 3.59%](https://news.shib.io/2024/04/08/binances-colossal-shiba-inu-holdings-surpass-user-deposits-by-3-59/): Binance, the world’s largest cryptocurrency exchange, has revealed its updated Proof-of-Reserve (PoR) report for March 2024, highlighting a substantial holding of 67.67 trillion Shiba Inu (SHIB) tokens. The report, audited on April 1, 2024, shows that Binance’s SHIB reserve exceeds users’ deposits by 3.59%, with a net balance of 65.32 trillion tokens and a collateralization ratio of 103.60%. The latest report suggests that both Binance and its customers’ net balances represent a slight decrease from the figure recorded in January. As of February 1, Binance had a net balance of 69.4 trillion SHIB, with a collateralization ratio of 103.6%. Binance’s PoR - [SHIB Burns Surge to 305% as Mysterious Whale Incinerates 91 Million Coins](https://news.shib.io/2024/04/08/shib-burns-surge-to-305-as-mysterious-whale-incinerates-91-million-coins/): In a recent surge, the Shiba Inu (SHIB) burn rate has jumped by 305%. Ninety-one million coins were destroyed in the past 24 hours, according to data from Shibburn. This massive burn milestone was achieved through ten transactions, with the majority of the tokens destroyed in a single transfer carrying 91,102,596 SHIB. This burning spree was carried out by a mysterious cryptocurrency whale, driving the overall daily burn rate up by 305%. In addition to the surge in SHIB burns, popular blockchain sleuth Whale Alert has reported an astounding amount of almost 700 billion SHIB moved from the top exchange Crypto.com. A - [China Southern Fund Eyes Bitcoin ETF Launch Via Hong Kong](https://news.shib.io/2024/04/08/china-southern-fund-eyes-bitcoin-etf-launch-via-hong-kong/): China Southern Fund ($284 billion) is reportedly eyeing the launch of a Bitcoin Exchange-Traded Fund (ETF) via Hong Kong. This follows the approval of the first spot Bitcoin ETF by the U.S. Securities and Exchange Commission in January of the current year. The move comes amid a sustained rally in cryptocurrency prices and Hong Kong’s intensified endeavors to establish itself as a global fintech hub. Industry insiders anticipate potential listings as early as the year’s second quarter. According to reports, Harvest Fund Management ($230 billion assets under management), a leading Chinese asset management company, has already submitted a spot Bitcoin ETF - [Setting New Standard: K9 DAO Leads the Charge in DeFi with Trailblazing Governance Model](https://news.shib.io/2024/04/08/setting-new-standard-k9-dao-leads-the-charge-in-defi-with-trailblazing-governance-model/): K9 DAO is carving out its legacy as a beacon for the broader cryptocurrency community in a digital landscape where the principles of transparency and decentralized governance gain ever-increasing attention.  Championing a governance model replete with innovative processes and a strong emphasis on community participation, K9 DAO is setting the standard for how decentralized autonomous organizations (DAOs) can drive the future of decentralized finance (DeFi). Empowering Governance Through Community Involvement Central to K9 DAO’s philosophy is a dynamic governance model that empowers every token holder to have a say in the organization’s direction. The journey of governance initiates at the - [Coinbase Win, Industry Victory: Court Declares Crypto Not Securities On Secondary Markets](https://news.shib.io/2024/04/08/coinbase-win-industry-victory-court-declares-crypto-not-securities-on-secondary-markets/): A U.S. court in a pivotal verdict last Friday handed down a decision significantly favoring Coinbase and the cryptocurrency sector at large. The U.S. Court of Appeals for the Second Circuit declared that cryptocurrencies are not considered securities in secondary market trades, a determination that not only vindicates Coinbase’s operations but may also reshape the regulatory framework for digital assets in the U.S. Legal Battle Highlights The case saw plaintiffs Louis Oberlander, Christopher Underwood, and Henry Rodriguez accuse Coinbase of breaching both federal and state securities laws through its cryptocurrency trading activities. Their allegations, spanning a class action suit, targeted - [Shiba Inu Expands Horizon, Achieves Market Presence Without Spending A Dime](https://news.shib.io/2024/04/08/shiba-inu-expands-horizon-achieves-market-presence-without-spending-a-dime/): Shiba Inu significantly bolstered its market presence within the competitive cryptocurrency arena, all without parting with a single dime, underlining its remarkable market ingenuity. Nexo’s Stamp of Approval Last Friday marked a significant milestone for Shiba Inu, as Nexo, a prominent name in crypto finance known for its pioneering crypto-backed credit card, officially welcomed the Shiba ecosystem’s native token into its fold. The announcement, made last Friday on the social media platform X (formerly Twitter), underscored the seamless integration of Shiba Inu into everyday financial transactions and investment strategies, read: “$SHIB is live on Nexo. Buy with card in seconds. - [Spot Ethereum ETFs' High-Stakes Regulatory Saga: JPM Anticipates Approval As SEC Seeks Public Comments On Proposals](https://news.shib.io/2024/04/08/spot-ethereum-etfs-high-stakes-regulatory-saga-jpm-anticipates-approval-as-sec-seeks-public-comments-on-proposals/): The financial community, buoyed by the successful launch of spot Bitcoin ETFs in the U.S. last Fall—a move that led to a whopping $12 billion in net inflows since inception—is now keenly focused on Ethereum. With the U.S. Securities and Exchange Commission’s (SEC) decision on spot Ethereum ETFs on the horizon, issuers are hopeful for an approval that could potentially eclipse the success of their Bitcoin counterparts. Yet, as the SEC deliberates, the split in industry expectations casts a veil of uncertainty over Ethereum’s fate in the growing ETF market. JPMorgan’s Outlook As the financial world speculates on the future - [Bone ShibaSwap Holders Buckle Up: Crypto Tracker Foresees Binance Listing in 2024](https://news.shib.io/2024/04/08/bone-shibaswap-holders-buckle-up-crypto-tracker-foresees-binance-listing-in-2024/): Bone ShibaSwap (BONE) could embark on an exciting trajectory, set to potentially witness a surge in price and a significant increase in holders. The spotlight shines brightly on this crypto asset as a leading crypto-tracking platform recently unveiled a compelling projection: the forthcoming listing of Shibarium’s gas fee token on Binance this year. A Strategic Addition to Binance CoinPedia Markets, a cryptocurrency tracker, made waves in the crypto community with its bold announcement on X (formerly Twitter), heralding the listing of Bone ShibaSwap on Binance in 2024, alongside other esteemed crypto assets. But why will Binance, one of the world’s - [Bhutan to Triple Its Bitcoin Mining Capacity Amid Upcoming Halving](https://news.shib.io/2024/04/05/bhutan-to-triple-its-bitcoin-mining-capacity-amid-upcoming-halving/): Bhutan, in collaboration with Nasdaq-listed mining conglomerate Bitdeer, is set to expand its Bitcoin mining capacity by 500 megawatts in 2025. This move aims to mitigate the anticipated revenue impact of the upcoming fourth halving event. The Himalayan kingdom, through its investment arm Druk Holding & Investments (DHI), is gearing up to boost its mining production by introducing state-of-the-art hardware and utilizing the nation’s abundant hydroelectric power resources. Bitdeer’s chief business officer, Matt Linghui Kong, revealed that the planned upgrades are expected to boost Bhutan’s mining capacity by 500 megawatts, reaching a total of 600 megawatts by the first half - [Philippines Securities Watchdog Issues Stern Warning: Massive Fines, Decades Behind Bars for eToro Advocates](https://news.shib.io/2024/04/05/philippines-securities-watchdog-issues-stern-warning-massive-fines-decades-behind-bars-for-etoro-advocates/): The Securities and Exchange Commission (SEC) of the Philippines turned its regulatory spotlight onto global online trading behemoth eToro, following its recent actions against Binance’s operations in the country.  In a public advisory issued last month and made available to the public on Thursday by the SEC’s Enforcement and Investor Protection Department, the commission explicitly stated that eToro, a renowned social investment and multi-asset brokerage firm, is “not authorized to sell or offer securities to the public in the Philippines.”  This assertion stemmed from a comprehensive review of the SEC’s database, which revealed that eToro’s operating entity is not registered - [South Korea Strengthens Crypto Regulations with Stricter Token Listing Guidelines](https://news.shib.io/2024/04/05/south-korea-strengthens-crypto-regulations-with-stricter-token-listing-guidelines/): South Korea, a major player in the global cryptocurrency market, is set to introduce new guidelines for token listings on centralized exchanges, aiming to impose stricter regulations and enhance investor protection. The Financial Services Commission (FSC) in South Korea is driving these changes, which include preventing cryptocurrencies that have experienced hacking incidents from being listed on local exchanges and requiring foreign projects to develop whitepapers tailored for the local market. The new guidelines, expected to be released later this month, will focus on promoting transparency and investor protection. Tokens from projects that have been victims of hacking incidents and have - [March's Bullish Momentum Fades as Bitcoin Enters April on a Downtrend](https://news.shib.io/2024/04/05/marchs-bullish-momentum-fades-as-bitcoin-enters-april-on-a-downtrend/): March’s promising bullish momentum in the cryptocurrency market seems to have lost its steam, as Bitcoin embarks on a downward trend at the onset of April. Despite the positive strides and upward trajectory witnessed throughout March, Bitcoin’s recent performance indicates a shift in market sentiment and trading dynamics as the new month unfolds. The current month started Monday with Bitcoin, the world’s largest crypto asset by market cap and several other cryptocurrencies experiencing a decline, breaching crucial support levels in what appeared to be a result of reduced market liquidity during the extended Easter weekend. While this downturn did not - [ByBit Models Transparency with Record-Breaking Proof-of-Reserves Audit of 40+ Tokens](https://news.shib.io/2024/04/05/bybit-models-transparency-with-record-breaking-proof-of-reserves-audit-of-40-tokens/): In a groundbreaking move, ByBit, the world’s third-largest crypto exchange by trading volume, has announced a landmark proof-of-reserves audit covering a total of 40 cryptocurrencies. This initiative places ByBit at the forefront of audited assets, surpassing its competitors with the highest number of assets verified in the industry. The recent audit not only encompasses established cryptocurrencies like Bitcoin, USDT, and Ether but also includes newly added tokens such as WLD, AGI, APEX, BEAM, FET, GALA, IMX, RNDR, and SHRAP. ByBit assures that each of these 40 tokens is fully backed up to 150%, underscoring the exchange’s commitment to robustness and - [Market Insights: Shiba Inu Flashes Bullish Signals, Primed for Surge](https://news.shib.io/2024/04/05/market-insights-shiba-inu-flashes-bullish-signals-primed-for-surge/): Shiba Inu recently emerged as a focal point of investor attention as it showcased promising signs of bullish momentum. With key market indicators flashing positive signals, the native token of the Shiba ecosystem appears to be primed for a remarkable surge in the future. In a recent announcement on the social media platform X (formerly Twitter), social intelligence firm LunarCrush shed light on the bullish signals emanating from Shiba Inu, underscoring the dog-themed altcoin’s robust positive momentum. One standout bullish signal for Shiba Inu is its impressive LunarCrush AltRank of 2. This proprietary ranking system evaluates the overall performance and - [Here's How to Create and Sell Your First NFT](https://news.shib.io/2024/04/05/heres-how-to-create-and-sell-your-first-nft/): The world of crypto art is experiencing a renaissance, and Non-Fungible Tokens (NFTs) are at the forefront of this revolution. Whether you’re an artist, creator, or simply curious about this digital phenomenon, this step-by-step guide will help you create and sell your first NFT. What Is an NFT? Let’s start with the basics. NFT stands for Non-Fungible Token. Think of it as a digital certificate of authenticity. In the physical world, works of art come with receipts certifying their genuineness. NFTs serve the same purpose but for digital items. They allow files like GIFs, videos, images, and music to be certified as one-of-a-kind. Thanks - [Bitcoin vs. Gold: Clash of Titans in the Investment Arena](https://news.shib.io/2024/04/04/bitcoin-vs-gold-clash-of-titans-in-the-investment-arena/): The debate between Bitcoin and gold as investment options has intensified, with industry leaders presenting contrasting views. Peter Schiff, a renowned economist and vocal Bitcoin critic, has once again stirred the crypto space by advising Bitcoin holders to trade their holdings for gold and silver. Schiff, who has consistently favored gold as a more dependable and secure investment, believes that the current market conditions present a favorable opportunity for such a transition. On the other hand, financial guru Peter Brandt has expressed his confidence in Bitcoin, stating that it is destined to outshine gold in the long run. Brandt pointed - [Analyst Highlights Key Moments When Shiba Inu May Flip Dogecoin](https://news.shib.io/2024/04/04/analyst-highlights-key-moments-when-shiba-inu-may-flip-dogecoin/): A crypto trader identified pivotal moments where Shiba Inu may potentially surpass Dogecoin, shedding light on the ongoing rivalry between the two meme coins. The trader’s analysis offered a glimpse into the future dynamics of the cryptocurrency market.  The rivalry between Shiba Inu and Dogecoin has captured the attention of investors and enthusiasts. As the two largest players in the meme coin sphere based on market capitalization, their battle for dominance has been a subject of much speculation. A recent analysis provided by pseudonymous crypto trader Altcoin Sherpa sheds light on key moments when Shiba Inu may potentially surpass Dogecoin. - [Morgan Stanley and UBS Vie for First Spot in Offering Spot Bitcoin ETFs](https://news.shib.io/2024/04/04/morgan-stanley-and-ubs-vie-for-first-spot-in-offering-spot-bitcoin-etfs/): Leading investment banks Morgan Stanley and UBS are locked in a competitive race to be the first to offer spot Bitcoin exchange-traded funds (ETFs) to their clients in the U.S. This development signifies a major step toward the mainstream adoption of cryptocurrencies within the traditional financial sector. Unverified Insider Information Hints at Launch Dates Citing industry sources, crypto enthusiast @AP_Abacus suggests an imminent launch, with Morgan Stanley aiming to become the first wirehouse to fully approve a Bitcoin ETF. Andrew’s report on Tuesday indicates that UBS is also preparing to approve Bitcoin ETFs next week. The news aligns with recent - [SHIB ARMY Celebrates: Shiba Inu Creator's Social Media Account Achieves Coveted Blue Tick](https://news.shib.io/2024/04/04/shib-army-celebrates-shiba-inu-creators-social-media-account-achieves-coveted-blue-tick/): The Shib Army, the passionate community of Shiba Inu enthusiasts, erupted in celebration today as news spread that the official X (formerly Twitter) account of Ryoshi, the pseudonymous creator of Shiba Inu, achieved the coveted verification status. This development marks a significant milestone for the cryptocurrency’s devotees, who have long awaited this recognition for the enigmatic figure behind one of the most popular meme coins in the market. Ryoshi, whose real identity remains a mystery, last interacted publicly with the community over two years ago before embarking on a hiatus, during which he deleted all his posts across social media - [Bitcoin Cash Soars 10% After Its Second Halving](https://news.shib.io/2024/04/04/bitcoin-cash-soars-10-after-its-second-halving/): Bitcoin Cash (BCH) has surged over 10% following the successful completion of its second halving event on April 4. Following a steady upward trend, Bitcoin Cash (BCH) has experienced a 23% surge in the past week and a significant 43% increase over the past month, reaching its highest price point since May 2021, trading at around $673 at the time of writing. The recent halving event, which occurred at block height 840,000, cut miner rewards from 6.25 BCH to 3.125 coins per block following the network’s first halving event in April 2020. Market analysts attribute this price surge to a - [Shiba Inu Steals the Spotlight: Finds Place Among Most Popular Crypto in World's Cereal Capital](https://news.shib.io/2024/04/04/shiba-inu-steals-the-spotlight-finds-place-among-most-popular-crypto-in-worlds-cereal-capital/): Securing the title as March’s most traded cryptocurrency on India’s principal exchange, Shiba Inu (SHIB) then seized the spotlight in U.S. state of Michigan, distinguishing itself as one of the most sought-after crypto assets. This accolade positions SHIB in this particular category, ahead of Ethereum and other leading altcoins, underlining its expanding popularity and commanding presence in the dynamic cryptocurrency market. A recent study by crypto casino Bombastic.com unveiled a keen interest in cryptocurrencies among the residents of Michigan, famously dubbed the world’s cereal capital. The study, which analyzed Google search data over the past year, revealed a diverse blend - [Learn Some Best Practices for Cryptocurrency Security](https://news.shib.io/2024/04/04/learn-some-best-practices-for-cryptocurrency-security/): Cryptocurrencies have reshaped the financial landscape, offering unparalleled autonomy and oversight of your finances. Yet, amid this dynamism, risks abound. Scams, hacks, and thefts are prevalent, posing significant threats to investors. According to a recent report by PeckShield, “March 2024 witnessed 30+ hacks in the crypto space, resulting in ~$187.29 million in losses, with ~$98.8 million recovered.” To safeguard your digital assets, adhere to these fundamental security principles: Understand Cryptocurrency Security The essence of cryptocurrency security lies in shielding your digital assets from theft, unauthorized access, and fraudulent activities. Secure key management, multi-factor authentication, and encryption are pivotal in fortifying - [Google Sues Alleged Crypto Scammers for Fraudulent Apps on Play Store](https://news.shib.io/2024/04/04/google-sues-alleged-crypto-scammers-for-fraudulent-apps-on-play-store/): Google has initiated legal action against two individuals accused of featuring a series of fraudulent cryptocurrency trading apps and investment platforms on its Play Store. The lawsuit was filed in a New York federal court Thursday. The tech giant alleges that these apps, purportedly designed for trading cryptocurrencies, were, in fact, instruments of a scam that exploited unsuspecting users, a scheme reminiscent of the notorious “pig butchering” romance scam. The accused perpetrators, identified as two app developers based in China and Hong Kong, allegedly uploaded 87 fraudulent apps, collectively ensnaring over 100,000 users who fell victim to their deceptive practices. - [Singapore Government Approves GSR Markets for OTC Crypto Trading](https://news.shib.io/2024/04/04/singapore-government-approves-gsr-markets-for-otc-crypto-trading/): In a significant move towards embracing cryptocurrencies, the Singaporean government has granted GSR Markets, a Hong Kong-based crypto market maker, a license for its Singaporean division to offer over-the counter (OTC) services. GSR Singapore has officially been granted a Major Payment Institution license, as detailed in a report. This allows the crypto market agency to conduct spot OTC and market-making services within Singapore’s regulatory framework. It had previously secured an in-principle approval from the Monetary Authority of Singapore (MAS) back in September. This license marks a significant milestone for GSR Markets, as it is one of the first companies of - [Massive Hoarding: Newly-Born Shiba Inu Whales Buy The Dip, Move Nearly $5M Worth Of SHIB](https://news.shib.io/2024/04/04/massive-hoarding-newly-born-shiba-inu-whales-buy-the-dip-safeguard-nearly-5m-worth-of-shib/): A new cohort of Shiba Inu whales has decisively capitalized on recent price dips, collectively securing holdings worth an estimated $5 million in SHIB, in a bold move that underscores major investors’ confidence in the world’s second-largest dog-themed altcoin by market capitalization. Binance and Coinbase, the global titans of centralized crypto exchanges, have experienced a notable exodus of Shiba Inu (SHIB) tokens. This departure, involving billions of tokens amounting to nearly $5 million in value, was orchestrated by a newly emerged group of investors, colloquially termed ‘newly born whales.’ These significant withdrawals were meticulously tracked and highlighted by the on-chain - [K9 Finance Unveils Fresh Preview of Next-Gen DeFi Product on Shibarium](https://news.shib.io/2024/04/04/k9-finance-unveils-fresh-preview-of-next-gen-defi-product-on-shibarium/): Following the successful organic listing of its native token $KNINE on a major global crypto exchange platform, K9 Finance has once again captured the spotlight with a significant update that underscores its unwavering dedication to its roadmap and timely execution of goals. Highlighting its commitment to innovation and excellence in the DeFi space, Buzz, its pseudonymous founder, revealed through a sneak peek the development of a next-generation product crafted with precision and innovation, specifically developed for the Shibarium network. In the latest tease that thrilled the community, Buzz released a second sneak peek of its much-anticipated product. This latest preview - [Binance Urges Nigeria to Free Former US Federal Agent-Turned Crypto Exec Gambaryan](https://news.shib.io/2024/04/04/binance-urges-nigeria-to-free-former-us-federal-agent-turned-crypto-exec-gambaryan/): Binance, the world’s largest crypto exchange by trading volume, has penned a statement to Nigerian authorities, urging them to release Tigran Gambaryan, its financial crime compliance head, who has been detained in the country since Feb. 25.  In its plea for the detained executive’s release, Binance brought highlighted the impact of his professional work on global law enforcement and financial compliance. The firm showcased the unwavering dedication of Gambaryan in fostering regulatory transparency and his vital role in international and Nigerian initiatives aimed at curbing financial crimes.  Moreover, Binance emphasized Gambaryan’s distinguished career as a U.S. Federal Agent, where his - [Inside Scoop: Prosecutor Reveals Trump Card Accelerated SBF's Conviction](https://news.shib.io/2024/04/03/inside-scoop-prosecutor-reveals-trump-card-accelerates-sbfs-conviction/): In a startling revelation, the rapid progression of the prosecution against Sam Bankman-Fried, the disgraced crypto mogul convicted of seven counts of fraud, conspiracy, and money laundering, has been attributed primarily to the cooperation of FTX co-founder and chief software engineer Gary Wang, according to a U.S. prosecutor.  The latest development sheds new light on the behind-the-scenes dynamics of the case, showcasing the pivotal role played by key figures within FTX, the fallen crypto empire, against their former boss and friend. “This case moved at lightning speed,” remarked U.S. Attorney Damian Williams to the press following Bankman-Fried’s conviction last week.  - [Nigeria Files Additional Charges Against Binance and Its Detained Executive](https://news.shib.io/2024/04/03/nigeria-files-additional-charges-against-binance-and-its-detained-executive/): The global cryptocurrency exchange Binance finds itself embroiled in deeper woes in Nigeria as its United States-based executive, Tigran Gambaryan, remains detained in the country even as fresh charges are levied against the platform. Binance has been actively engaging with Nigerian authorities since allegations emerged linking the crypto exchange to the depreciation of the Nigerian naira in February. Bayo Onanuga, the presidential adviser on information and strategy, even suggested banning platforms like Binance within the country. In response to the looming threat of a ban, two senior Binance executives, Gambaryan and Nadeem Anjarwalla, traveled to Nigeria to hold discussions with - [WAGMI Crew](https://news.shib.io/2024/04/03/wagmi-crew/): Read the latest edition of The Shib magazine here. - [Catch the Wave: Shiba Inu's Price Looks Set to Soar, Analyst Says 'Watch SHIB Closely'](https://news.shib.io/2024/04/03/catch-the-wave-shiba-inus-price-looks-set-to-soar-analyst-says-watch-shib-closely/): Following a recent downturn, a fresh wave of optimism has been injected into the Shiba Inu (SHIB) community, underlining that the token stands on the cusp of a significant value increase. A bullish forecast from a crypto trading analyst suggests that holders and traders should keep a close eye on the token’s movements in the coming days, pointing to its imminent potential for a major market breakthrough. A recent assessment by the crypto trading analyst using the handle MBM_Crypto on the charting platform TradingView turned the spotlight on Shiba Inu, which they highlighted, is poised on the edge of a - [SHIB Is Lead Sponsor of Highly Anticipated Meme Night Cocktail Reception](https://news.shib.io/2024/04/03/shib-is-lead-sponsor-of-highly-anticipated-meme-night-cocktail-reception/): Get ready for a night of laughter, camaraderie, and all things memes as SHIB steps in as the lead sponsor for the highly anticipated Meme Night Cocktail Reception, hosted by Metis and FreeLabs. The Event The unforgettable evening, scheduled for the evening of April 16, will be held at the 88 Terrace on Bluewaters Island in Dubai. The exclusive event brings together degens, KOLs, and crypto enthusiasts alike for an evening of networking, storytelling, and celebrating the vibrant meme culture that permeates the Web3 space. Food, Drinks, and Meme Mania The night promises an exciting atmosphere fueled by delicious food - [Despite Regulatory Uncertainty, Indians Trust Crypto: Giottus CEO](https://news.shib.io/2024/04/03/despite-regulatory-uncertainty-indians-trust-crypto-giottus-ceo/): India’s relationship with cryptocurrencies is akin to a delicate dance, marked by curiosity, regulation, and a pervasive sense of uncertainty. Despite the regulatory haze surrounding the crypto landscape, approximately 7 million Indians have ventured into the digital assets world, investing over $1 billion. However, amid this burgeoning interest, the legal terrain remains murky, presenting various challenges ranging from contractual ambiguity to privacy concerns. To grapple with this evolving landscape, the Indian government has taken some steps, such as imposing a 30% tax on crypto income. Nevertheless, cryptos are yet to be recognized as legal tender in the country, leaving a - [Shiba Inu Sponsors Token 2049 Dubai, Offers Ticket Giveaway](https://news.shib.io/2024/04/03/shiba-inu-sponsors-token-2049-dubai-offers-ticket-giveaway/): Shiba Inu (SHIB) has announced its participation as a Gold Sponsor for the upcoming Token 2049 conference in Dubai. The event, scheduled for April 18-19, is a major gathering in the cryptocurrency space. SHIB’s sponsorship signifies its growing recognition within the cryptocurrency industry. Shiba Inu is giving away one free ticket to the event to celebrate its sponsorship. Interested participants can enter the giveaway by liking and retweeting the announcement on the Shiba Inu Twitter account. The giveaway presents an exciting opportunity for crypto enthusiasts to attend a premier industry event. The premier crypto event will bring together over 10,000 attendees from 5,000+ - [Shiba Inu Reigns Supreme: Surpasses Bitcoin as Top-Traded Cryptocurrency In Major Indian Exchange](https://news.shib.io/2024/04/02/shiba-inu-reigns-supreme-surpasses-bitcoin-as-top-traded-cryptocurrency-in-major-indian-exchange/): Shiba Inu has remarkably eclipsed Bitcoin, securing the title of the most traded digital asset on one of India’s leading cryptocurrency exchanges. This significant milestone represents a pivotal moment in the cryptocurrency landscape, underscoring not only the increasing allure and adoption of alternative coins (altcoins) among Indian investors but also amplifying the presence and influence of its enthusiastic supporter base, known as the Shib Army, within the South Asian nation. WazirX, a pivotal member of the esteemed Binance conglomerate and India’s leading cryptocurrency exchange since its inception in 2018, has emerged as a cornerstone of trust in the rapidly expanding - [Bitcoin Retreats to $64K, Historical Parallels Emerge with Liquidations Soaring Over $460M](https://news.shib.io/2024/04/02/bitcoin-retreats-to-64k-historical-parallels-emerge-with-liquidations-soaring-over-460m/): Bitcoin, the pioneer cryptocurrency, took a sharp nosedive, finding itself perched at the $64,000 mark on Tuesday. This substantial double-digit drop hacked away over 12% from its lofty all-time high of approximately $73,500 not only echoes historical data but also triggered a flurry of liquidations, tallying around $460 million. In mid-March, astute analysts keenly noted that the king of crypto was flashing early indicators of a bullish resurgence. These inklings, marked by discernible trading patterns and a robust influx of investments indicate that Bitcoin is primed for a significant upturn despite experiencing volatility. Bitcoin wrapped up the previous month on - [UK Court Freezes Craig Wright's Assets Amid Satoshi Nakamoto Identity Dispute](https://news.shib.io/2024/04/02/uk-court-freezes-craig-wrights-assets-amid-satoshi-nakamoto-identity-dispute/): A court in the U.K. has frozen assets worth £6 million (approximately $7.6 million) belonging to Craig Wright, preventing him from evading legal costs stemming from a lawsuit in which he asserted himself as Satoshi Nakamoto, the founder of Bitcoin. The decision came after it was discovered that Wright had moved assets out of the U.K. following a prior court dismissal of his claim to be Nakamoto. Specifically, he transferred shares from his London-based company, RCJBR Holding, to a Singaporean firm on March 18, raising concerns about his intentions. Judge James Mellor, in response to these actions, expressed serious concerns - [Singapore Monetary Authority Expands Regulatory Scope for Digital Payment Token Services](https://news.shib.io/2024/04/02/singapore-monetary-authority-expands-regulatory-scope-for-digital-payment-token-services/): The Monetary Authority of Singapore (MAS) has taken significant steps to enhance the regulatory framework for digital payment tokens. In an announcement Tuesday, MAS revealed amendments to the Payment Services Act and its subsidiary laws, aimed at broadening the range of payment services subject to regulation. Key Changes The amendment primarily focuses on imposing user protection and financial stability-related requirements on Digital Payment tokens (DPT) service providers. Here are the key changes: Anti-Money Laundering and Counter-Terrorism Financing MAS emphasizes that the amendments serve a dual purpose: safeguarding users and maintaining financial stability. By extending regulatory oversight to a wider range - [SBF's Moral Quandary: The Many Times Crypto's 'Golden Boy' Denied Culpability](https://news.shib.io/2024/04/02/sbfs-moral-quandary-the-many-times-cryptos-golden-boy-denied-culpability/): On numerous occasions, Sam Bankman-Fried (SBF), the disgraced crypto mogul of the then-$32 billion crypto empire FTX, asserted his belief that his actions were not in violation of the law.  His steadfast denial, however, stood in stark contrast to the court’s verdict, which found him guilty on seven criminal charges, including fraud and conspiracy and sentenced him to 25 years in prison. Even before and throughout the tumultuous proceedings, SBF’s public statements veered between denial and blame. Following his sentencing, the fallen crypto king spoke for the first time and expressed his disbelief at the legality of his actions, saying, - [How to Choose the Best Crypto Investments](https://news.shib.io/2024/04/02/how-to-choose-the-best-crypto-investments/): Cryptocurrencies have surged in popularity, attracting both seasoned investors and newcomers. If you’re considering diving into this dynamic market, it’s essential that you make informed decisions. Here are key factors to consider when selecting the best crypto investments: 1. Understand the Basics Before investing, grasp the fundamentals of blockchain technology, decentralized finance (DeFi), and key terms. Recognize market volatility, regulatory challenges, and technological advancements. A solid understanding will guide your investment choices. 2. Define Your Objectives Narrow your focus by clarifying your goals. Ask yourself: 3. Do Deep Research Explore different types of cryptocurrency investments: 4. Evaluate Reliable Sources Seek advice from reputable sources: - [Crypto Hacks Decline In March, More Than Half The Funds Recovered: PeckShield Data](https://news.shib.io/2024/04/02/crypto-hacks-decline-in-march-more-than-half-the-funds-recovered-peckshield-data/): Security breaches continue to pose significant challenges in the crypto world. Over 30 hacking incidents occurred in March, leading to a loss of roughly $187.29 million in stolen crypto funds, data from blockchain security firm PeckShield shows. According to its latest report released April 1, the crypto market witnessed a decline in hacking incidents in March, although losses still surpassed those of January. The report said that over 30 hacks occurred during March, resulting in approximately $187.29 million in losses. However, the recent data offers hope amid the turbulence. The recovery efforts yielded a substantial return of $98.8 million to - [Understanding the Red Ink in the Crypto Markets](https://news.shib.io/2024/04/02/understanding-the-recent-downtrend-in-crypto-markets/): The global crypto market sent shockwaves through investors as it experienced a notable downturn, witnessing a 7% decrease in total market capitalization to approximately $2.52 trillion within the past 24 hours. Several pivotal factors contributed to this decline, influencing investor sentiment and shaping market dynamics. The recent decline in the cryptocurrency market can be attributed, in part, to shifting expectations regarding the Federal Reserve’s monetary policy. This change in sentiment was triggered by stronger-than-expected U.S. manufacturing data reported by the U.S. Institute of Supply Management on Monday. The data revealed a notable 2.5% increase in its manufacturing index, signaling the - [Investment Avalanche: Trillion-Dollar Influx into Bitcoin Market Possible With BTC ETF At Play](https://news.shib.io/2024/04/02/investment-avalanche-trillion-dollar-influx-into-bitcoin-market-possible-with-btc-etf-at-play/): Bitcoin, the cornerstone of the cryptocurrency market, continues to captivate global attention with its volatile price movements and transformative potential. In a strikingly optimistic forecast that underscores the growing institutional interest in cryptocurrency, Bitwise Chief Investment Officer Matt Hougan has predicted a monumental $1 trillion inflow into the market, driven by institutional allocations to newly-listed spot Bitcoin exchange-traded funds (ETFs). Hougan’s forecast hinges on a compelling scenario: if global wealth managers allocate just 1% of their portfolios to Bitcoin, it could trigger a transformative influx of capital into the cryptocurrency space. With institutional investors collectively managing assets exceeding $100 trillion - [Tether Accumulates Nearly 8,889 Bitcoin in Holdings During First Quarter](https://news.shib.io/2024/04/01/tether-accumulates-nearly-8889-bitcoin-in-holdings-during-first-quarter/): Tether, the issuer of USDT (Tether), the world’s largest stablecoin by market capitalization, has quietly bolstered its Bitcoin (BTC) reserves in the first quarter of 2024. According to Arkham Intelligence, Tether added nearly 8,889 BTC to its reserves during this period. Despite no official announcement from Tether, a wallet believed to be associated with the company received a substantial influx of Bitcoin on March 31. The wallet now holds precisely 8,888.8888 BTC, a move consistent with Tether’s previously stated intention to allocate a portion of its profits toward acquiring Bitcoin. As of the current BTC price of approximately $69,000, this wallet’s holdings - [BONE's Meteoric Rise: Shibarium's Gas Fee Token Dominates and Soars as the Crypto Darling](https://news.shib.io/2024/04/01/bones-meteoric-rise-shibariums-gas-fee-token-dominates-and-soars-as-the-crypto-darling/): Bone ShibaSwap (BONE) has vaulted to the pinnacle of the crypto world, clinching the title of the top favorite cryptocurrency. This crowning achievement isn’t just a nod to BONE’s surging popularity; it’s a loud shout-out to the might and dedication of the Shib Army—the fiercely loyal and zealous advocates of the Shiba Inu ecosystem. Crypto price tracking platform Coinpedia Markets made a notable announcement Monday via X (formerly Twitter), revealing that BONE, the official gas fee token of Shiba Inu’s Layer-2 network, Shibarium, has achieved the distinction of being voted the favorite crypto asset by the platform’s users. Alongside this - [Logan Paul Opens Up About Mental Health Struggles Amid 'CryptoZoo' Controversy](https://news.shib.io/2024/04/01/logan-paul-opens-up-about-mental-health-struggles-amid-cryptozoo-controversy/): Logan Paul, the American social media influencer, professional wrestler and YouTuber-turned-cryptocurrency entrepreneur, has bravely lifted the veil on his deeply personal battle with mental health. Amid the backdrop of the controversy surrounding CryptoZoo, Paul’s admission sheds light on the toll that the project’s challenges have taken on his well-being.  In the now-controversial documentary titled “5 Months with Logan Paul,” by journalist Graham Bensinger, the pro wrestler who uses the moniker “The Maverick,” as a direct reference to his business and a play at his personality, shared his emotions when the controversy surrounding CryptoZoo exploded last year. In a raw and deeply - [Buterin Unveils 'The Purge': ETH Protocol Streamlining and Enhanced Security Measures](https://news.shib.io/2024/04/01/buterin-unveils-the-purge-eth-protocol-streamlining-and-enhanced-security-measures/): Ethereum co-founder Vitalik Buterin has unveiled a pivotal phase in the network’s evolution: “The Purge.” The strategic initiative, unveiled in a recent communication, aims to simplify the Ethereum protocol while enhancing its security measures, ushering in a new era of innovation within the blockchain ecosystem. EIP-6780: A Key Improvement At the core of this evolution lies EIP-6780, an often-overlooked enhancement introduced during the Dencun hard fork. This improvement specifically targets the SELFDESTRUCT opcode, a powerful feature that allows smart contracts to self-destruct or terminate themselves. By streamlining the functionality of SELFDESTRUCT, Ethereum aims to achieve several critical goals: The Purge in Action “The Purge” initiative includes multiple - [Proof-of-Stake vs. Proof-of-Work: Which is More Sustainable?](https://news.shib.io/2024/04/01/proof-of-stake-vs-proof-of-work-which-is-more-sustainable/): Cryptocurrencies have instigated a transformative shift within the financial realm, underpinned by two pivotal consensus mechanisms: Proof-of-Work (PoW) and Proof-of-Stake (PoS). These mechanisms intricately govern transaction validation, safeguarding blockchain networks’ integrity and reliability. This article aims to dissect the differences between PoW and PoS, shedding light on their sustainability implications. Proof-of-Work (PoW) PoW is a consensus mechanism pioneered by Bitcoin. It serves as the bedrock for validating cryptocurrency transactions and adding them to the blockchain. Energy Consumption: PoW hinges on miners deciphering intricate cryptographic puzzles to authenticate transactions and forge new blocks, necessitating a considerable energy outlay. The energy-intensive nature - [Caught in Legal Whirlwind: Tornado Cash Co-Founder Fights Charges; Dutch Prosecutors Seek Tough Sentence](https://news.shib.io/2024/04/01/caught-in-legal-whirlwind-tornado-cash-co-founder-fights-charges-dutch-prosecutors-seek-tough-sentence/): Amid escalating legal tensions spanning continents, the future of Tornado Cash and the broader landscape of decentralized finance hangs precariously in the balance. In the United States, co-founder Roman Storm has mounted a vigorous defense, recently filing a motion to dismiss all three charges against him by the Office of Foreign Assets Control, a financial intelligence and enforcement agency of the U.S. Treasury Department. Meanwhile, across the Atlantic, Dutch prosecutors are lobbying for a harsh sentence of 64 months imprisonment for Alexey Pertsev, the brain behind the crypto mixing tool. Storm’s legal strategy took a bold turn last week with - [7 Beginner-Friendly Crypto Trading Tools and Strategies](https://news.shib.io/2024/04/01/7-beginner-friendly-crypto-trading-tools-and-strategies/): Navigating the exhilarating yet daunting realm of cryptocurrency trading as a beginner demands a strategic approach. The volatile nature of crypto markets presents a playground for opportunities, but without a well-conceived plan, it’s akin to navigating uncharted waters blindfolded. In this guide, we’ll delve into 7 beginner-friendly crypto trading indicators and strategies tailored to ease your initiation into the digital asset sphere. These crypto trading strategies aren’t panaceas but rather adaptable tools contingent on risk tolerance and market conditions. Experiment, customize, and stay informed to refine your trading acumen. In the volatile cryptocurrency arena, knowledge is power, and strategic finesse - [Revolution Brewing: Developer's Shibarium Initiative Hints at Potential DAMN Market Launch](https://news.shib.io/2024/04/01/revolution-brewing-developers-shibarium-initiative-hints-at-potential-damn-market-launch/): The cryptocurrency sphere is abuzz with excitement as discussions about the potential launch of the DAMN market on Shibarium gain traction. Woof, the developer spearheading the experimental project DAMN, recently hinted at this groundbreaking concept. Since its inception, DAMN (SolKiller) has showcased impressive performance, garnering attention within the Shibarium community. With anticipation mounting, users eagerly await the next steps in DAMN’s journey and its contribution to the Shibarium ecosystem. Over the weekend, Woof shared an intriguing concept aimed at enhancing DAMN’s accessibility and appeal within the Shibarium network. This concept, reminiscent of the Inscription Market, could enhance the token’s appeal - [Gaming Malware Alert: Crypto-Draining Infostealer Targets Video Game Cheaters](https://news.shib.io/2024/04/01/gaming-malware-alert-crypto-draining-infostealer-targets-video-game-cheaters/): A concerning trend has emerged in the video gaming community with the discovery of malware specifically targeting video game cheaters. Operating as an infostealer, this malicious software, orchestrated by an unidentified threat actor, is aimed at individuals engaged in Pay-to-Cheat practices within video games. The alarm was first raised when PhantomOverlay, a prominent Call of Duty cheat provider, detected unauthorized purchases made through user accounts. Acting swiftly, the cheat provider alerted suspected victims, subsequently uncovering a growing number of compromised accounts.  The scale of the breach is staggering, with thousands of gaming accounts compromised across various platforms, based on the - [Escalating Tensions: Detained Binance Executive Fights Back, Sues Nigerian Authorities for Alleged Human Rights Violation](https://news.shib.io/2024/04/01/escalating-tensions-detained-binance-executive-fights-back-sues-nigerian-authorities-for-alleged-human-rights-violation/): Two executives from the world’s leading crypto exchange platform by trading volume, invited to the table for talks by the Nigerian government to discuss issues related to the operation of Binance, were met not with open arms, but with detention upon arrival in February. Recently both initiated a formal legal challenge, alleging violations of their foundational rights by certain government officials.  Binance’s Head of Financial Crime Compliance Tigran Gambaryan, a U.S. citizen, took decisive legal steps against Nigerian authorities. Represented by legal counsel from the Aluko and Oyebode Law Firm, Gambaryan filed a petition with the Federal High Court in - [Shiba Inu Strategic Partner K9 Finance Earns Prestigious Organic Listing on Major Global CEX](https://news.shib.io/2024/03/29/shiba-inu-strategic-partner-k9-finance-earns-prestigious-organic-listing-on-major-global-cex/): Shiba Inu’s strategic ally, K9 Finance, has secured a coveted spot with an organic listing on a major global centralized cryptocurrency exchange platform. BitMart, a centralized exchange that provides crypto asset trading and investment services to over 9 million users around the globe, announced that K9 Finance officially joins the ranks of its Vote Listing, effective March 29.  This latest development marks a significant stride for K9 Finance, propelling it into the spotlight of one of the industry’s premier platforms.  In a parallel announcement on social media platform X, K9 Finance DAO shared that its native crypto $KNINE will be - [FATF Calls Out Nations Lagging in Crypto Regulation](https://news.shib.io/2024/03/29/fatf-calls-out-nations-lagging-in-crypto-regulation/): Paris-based financial watchdog, the Financial Action Task Force (FATF), is sounding the alarm on lax regulations surrounding virtual assets (cryptocurrencies). A recent report revealed a concerning lack of implementation by many nations regarding FATF’s standards to combat criminal activity in the crypto space. This isn’t a new concern. In February last year, the FATF outlined a roadmap to strengthen regulations for crypto service providers (VASPs) to prevent money laundering and terrorist financing. However, a year later, their analysis paints a worrying picture. “Our goal is to establish a level playing field, globally, so that the industry is meeting its regulatory - [After the Gavel Fell: What Fate Awaits SBF Lieutenants Ellison, Singh, and Wang?](https://news.shib.io/2024/03/29/after-the-gavel-fell-what-fate-awaits-sbf-lieutenants-ellison-singh-and-wang/): As Sam Bankman-Fried, the disgraced executive behind one-time crypto empire FTX and Alameda Research, grapples with the weight of a 25-year prison sentence, the world holds its breath in anticipation of the fallout.  With speculation swirling about the impending legal firestorm awaiting his inner circle, attention now turns to Caroline Ellison, Gary Wang, and Nishad Singh—trusted confidants and key players in SBF’s inner sanctum.  Ellison, Wang, and Singh played a significant role in making the prosecution’s win against the crypto mogul. They opted to plead guilty to fraud offenses through separate agreements with prosecutors, positioning themselves as potential witnesses against - [Beware: Passive Income ChatGPT YouTube Scam Exploits Actors and Crypto Investors](https://news.shib.io/2024/03/29/beware-passive-income-chatgpt-youtube-scam-exploits-actors-and-crypto-investors/): A fraudulent scheme has surfaced on YouTube, posing a threat to both cryptocurrency investors and the unwitting actors co-opted into working in those videos. Dubbed the passive income ChatGPT scam, this insidious operation not only drains victims’ crypto wallets but also exploits individuals probably deceived into delivering false testimonials.  The passive income ChatGPT scam operates under the guise of offering effortless wealth to cryptocurrency investors. Using advanced chatbot technology, scammers create misleading videos on YouTube, promising viewers substantial profits with minimal effort.  The Actors, the Script and the Scam Investigative efforts by journalist Matt Novak have shed light on the - [DAMN SolKiller Surges to Top Rankings in Just A Day](https://news.shib.io/2024/03/28/damn-solkiller-surges-to-top-rankings-in-just-a-day/): DAMN (SolKiller), the meme coin launched on Shibarium, swiftly ascended to prominence within the crypto sphere. Just days following its official listing, the token made a resounding debut, securing a coveted spot among the top ten “Best Gems” on the crypto platform. DAMN catapulted into the limelight on Wednesday with its listing on Gems Radar, an exclusive hub renowned for spotlighting best new cryptocurrency ventures through real-time data indicators. In a swift display of force, the Shib Army flexed its muscle, propelling the meme coin onto the platform’s coveted list of Top Ten Best Gems Of The Day within a - [Apology Accepted? Bankman-Fried's 25-Year Sentence Sparks Disillusionment in Crypto Circles](https://news.shib.io/2024/03/28/apology-accepted-bankman-frieds-25-year-sentence-sparks-disillusionment-in-crypto-circles/): The recent sentencing of Sam Bankman-Fried (SBF) to a 25-year prison term has created profound shockwaves throughout the cryptocurrency sphere. Against a backdrop of incredulity, the community finds itself confronted with a maelstrom of sentiments, as SBF’s earnest apology appears to register but faintly amidst the clamor.  The disgraced crypto mogul, previously dubbed the “golden boy of crypto” and the founder of then crypto empires FTX and Alameda Research has expressed contrition before U.S. Judge Lewis Kaplan on Thursday morning in lower Manhattan and tendered a solemn “im sorry” coupled with “I’do anything to be out there trying to help.” - [SHIB Breaks Free: Shiba Inu Chart Signals Bullish Rally Ahead](https://news.shib.io/2024/03/28/shib-breaks-free-shiba-inu-chart-signals-bullish-rally-ahead/): The subtle yet bullish commendation of Shiba Inu by Ethereum founder and crypto visionary Vitalik Buterin has sent shockwaves through the Shib Army, sparking an electric wave of optimism. Contrary to skeptics who doubted SHIB’s ability to see astronomical gains because of its reputation as a well-established meme coin, current chart trends and technical indicators suggest that a bullish rally for Shiba Inu is not just possible but could be on the horizon. The bullish sentiment surrounding Shiba Inu is poised for continuation, with momentum building as bulls begin to drive the price upward. This emerging trend signals robust confidence - [Bad Idea AI (BAD) Surges Over 20% in 24 Hours](https://news.shib.io/2024/03/28/bad-idea-ai-bad-surges-over-20-in-24-hours/): In an exciting development, Bad Idea AI’s native token, BAD, experienced a significant surge of over 20% within 24 hours after being listed on Gate.io. This surge in BAD’s price coincided with Shiba Inu’s broader uptrend in the market, showcasing a positive correlation between the two projects. Bad Idea AI, a valued partner of Shiba Inu, garnered attention across the global crypto community with this impressive approach to AI. However, it is important to note that BAD is currently in correction mode after the initial surge. Gate.io’s decision to list BAD on March 27 fueled optimism and investor interest, leading - [NFT Craze Comeback: Ethereum Leads Daily Sales with $17.02 Million in Transactions](https://news.shib.io/2024/03/28/nft-craze-comeback-ethereum-leads-daily-sales-with-17-02-million-in-transactions/): The NFT market is experiencing a resurgence this month across various blockchains, signaling a renewed wave of interest and activity in the digital collectibles space. While Ethereum reclaimed its position as the top-ranking blockchain in daily NFT sales with an impressive $17.02 million in transactions within 24 hours on March 27, other networks also saw significant growth and activity in recent days. This surge propelled Ethereum’s total all-time sales volume to a remarkable $43.36 billion, solidifying its dominance in the industry. The resurgence of Ethereum in the NFT market comes after a brief stint where Bitcoin held the top spot - [HSBC Pioneers Tokenized Gold for Retail Investors in Hong Kong](https://news.shib.io/2024/03/28/hsbc-pioneers-tokenized-gold-for-retail-investors-in-hong-kong/): HSBC made a groundbreaking move earlier this week by launching a tokenized gold product, the HSBC Gold Token, for retail investors in Hong Kong. With this initiative, HSBC has become the first bank to introduce a blockchain-based real-world asset tailored for the retail marketplace. According to a reports, the HSBC Gold Token, minted on the bank’s Orion digital assets platform, will be easily accessible through HSBC Online Banking and the HSBC HK Mobile App, providing everyday investors with a novel opportunity to invest in gold. Tokenization of real-world assets is gaining momentum, with banks and financial institutions leveraging blockchain technology - [How Owning Cryptocurrency Can Boost Your Dating Game](https://news.shib.io/2024/03/28/how-owning-cryptocurrency-can-boost-your-dating-game/): In a digital age where financial savvy is becoming increasingly attractive, owning cryptocurrency has emerged as a new dating trend that can make you more desirable in the eyes of potential partners. According to recent studies, singles are not just looking for financial stability but also for partners who are knowledgeable and invested in diverse assets. The allure of crypto assets extends beyond financial stability, according to eToro, with 33% of Americans expressing a preference for dating someone who includes crypto investments in their online profile. Moreover, the romantic appeal of crypto goes further, as nearly three in four individuals - [UK Watchdog Issues Guidance on Social Media Ads for Financial Products](https://news.shib.io/2024/03/27/financial-watchdog-issues-guidance-on-social-media-ads-for-financial-products/): The United Kingdom’s Financial Conduct Authority (FCA) has issued new guidance outlining guidance specifically tailored for memes, reels, and gaming streams that promote financial services. The guidelines emphasize the need for these ads to be clear, fair, and non-misleading, ensuring consumers have the necessary information to make informed financial decisions. Additionally, the latest guidance supplements existing regulations governing the advertising of high-risk investments, including cryptocurrencies. The FCA highlights the responsibility of financial firms to ensure their promotions, including those made by influencers, are compliant with regulations. Influencers, particularly those promoting financial products, are reminded that doing so without proper authorization - [The Dogs of War](https://news.shib.io/2024/03/27/the-dogs-of-war/): Read the latest edition of The Shib magazine here. - [DOJ Indictment Sparks KuCoin Exodus: Crypto Whales Flee As Exchange Faces Regulatory Storm](https://news.shib.io/2024/03/27/doj-indictment-sparks-kucoin-exodus-crypto-whales-flee-as-exchange-faces-regulatory-storm/): The latest indictment by the U.S. Department of Justice has kicked off a mass exodus from KuCoin, with Shiba Inu and other heavyweight crypto whales making a beeline for safer waters amid the exchange’s growing regulatory tempest. This development is not just a footnote in the annals of digital currency; it’s a high-stakes drama that has both the suits and the street watching closely, as one of the industry’s leading platforms grapples with the kind of legal heat that could redefine the future of the crypto exchange. Tuesday marked a significant turn of events as the DOJ unsealed an indictment - [$DAMN Listed on GemsRadar Following Landmark Vote Milestone](https://news.shib.io/2024/03/27/damn-listed-on-gemsradar-following-landmark-vote-milestone/): $DAMN, popularly dubbed the “Sol Killer,” has achieved a significant milestone as it got listed on GemsRadar following an impressive count of 100 votes. Gems Radar is a platform that brings you the best new cryptocurrency projects. The coin, though not native to the Shib ecosystem, has garnered substantial attention due to its association with Shibarium, a Layer-2 scaling solution for the Shib ecosystem. Shibarium, known for its power-packed features, recently saw its Total Value Locked (TVL) surge approximately 170% in just two days starting March 24. Adding to the buzz surrounding meme coins across various blockchains, $DAMN stands out - [Regulatory Face-Off: CFTC Puts A Damper On SEC's Alleged Plan To Classify Ethereum As Security ](https://news.shib.io/2024/03/27/regulatory-face-off-cftc-puts-a-damper-on-secs-alleged-plan-to-classify-ethereum-as-security/): The Commodity Futures Trading Commission (CFTC) has potentially undermined the U.S. Securities and Exchange Commission’s (SEC) plans. The CFTC recently filed a complaint against the crypto exchange platform KuCoin, where it designated both Bitcoin and Ethereum as commodities. This classification stands in contrast to the reported intentions of the SEC to classify Ethereum as a security. In a lawsuit filed against the crypto exchange KuCoin on Tuesday, the futures market regulator classified Ethereum and Litecoin, alongside Bitcoin, as commodities. “During the relevant period, Kucoin solicited and accepted orders, accepted property to margin, and operated a facility for the trading of - [Shiba Inu Dominates Coinpedia Crypto Markets](https://news.shib.io/2024/03/27/shiba-inu-dominates-coinpedia-crypto-markets/): Shiba Inu ($SHIB) has surged to the top of the Coinpedia Markets, ranking first in the top 5 crypto markets. The altcoin has seen an 8% surge, reaching a value of $0.000031. Coinpedia Markets, a leading platform for cryptocurrency market data, has witnessed Shiba Inu’s rise to the top of its rankings. The platform provides comprehensive information about various cryptocurrencies, including their current prices, market capitalization, volume, supply data, and more. The surge follows a generous donation by Ethereum co-founder, Vitalik Buterin, who donated a staggering $600 million worth of Shiba Inu to the Future of Life Institute (FLI), a - [Big Break: BONE Visibility Gets Massive Boost From Latest Listing](https://news.shib.io/2024/03/27/big-break-bone-visibility-gets-massive-boost-from-latest-listing/): Bone ShibaSwap (BONE) recently achieved an important milestone with its latest listing on a prominent global cryptocurrency exchange platform. This announcement marks a transformative moment for the gas fee token of Shibarium, transcending conventional market dynamics.  LBank, the Hong Kong-based full-service digital asset platform that offers token trading, futures trading, and perpetual swap trading, among others, announced this week that it had listed the BONE USDT-M perpetual contract. The crypto exchange’s official website detailed that the contract pairs BONE with USDT (Tether) stablecoin for trading purposes. Traders have the option to leverage their positions anywhere from one time (no leverage) - [Nilam Resources CEO Resigns Amid Bitcoin Acquisition Controversy](https://news.shib.io/2024/03/27/nilam-resources-ceo-resigns-amid-bitcoin-acquisition-controversy/): Amid the backdrop of Nilam Resources’ recent announcement regarding the acquisition of 24,800 Bitcoin, the company’s CEO, Ron McIntyre, has tendered his resignation. McIntyre’s departure follows his assertion that he was not apprised of the transaction details or the announcement before its public disclosure. Describing the circumstances surrounding his resignation as indicative of a “typical pump and dump,” McIntyre’s comments coincided with a notable surge in Nilam Resources’ stock price, prompting concerns of potential market manipulation. In a press release Tuesday, Nilam Resources unveiled its plans to acquire a substantial amount of Bitcoins through a partnership with Mauritius-based company Xyberdata. - [London Stock Exchange Set to Introduce Crypto ETNs starting May 28](https://news.shib.io/2024/03/27/london-stock-exchange-set-to-introduce-crypto-etns-starting-may-28/): The London Stock Exchange (LSE) is gearing up to launch cryptocurrency exchange-traded notes (ETNs) tracking the performance of Bitcoin and Ether on May 28. This move aligns with the FCA’s commitment to enhancing measures against crypto market abuse, demonstrating a proactive stance toward regulating the evolving crypto landscape. The decision to introduce crypto ETNs follows the trend set by the U.S. Securities and Exchange Commission’s approval of spot Bitcoin exchange-traded funds earlier this year. According to the March 25 announcement, applications for these crypto ETNs can be submitted starting April 8, with successful funds expected to be listed the following month, - [Crypto Genius Vitalik Buterin Tips His Hat to Shiba Inu Amid SHIB's Remarkable Surge](https://news.shib.io/2024/03/27/crypto-genius-vitalik-buterin-tips-his-hat-to-shiba-inu-amid-shibs-remarkable-surge/): Crypto genius and Ethereum founder Vitalik Buterin set the Shiba Inu community abuzz with excitement when he subtly tipped his hat to SHIB amid its relentless upward trajectory. Having initially conceded to underestimating the crypto asset’s prowess, Buterin revealed that SHIB has shattered even his most audacious forecasts. Shiba Inu started strong this week and continued to see a significant price surge despite the recent plummet of other major cryptocurrencies, including Bitcoin. SHIB has successfully retested the orange level this week and is now showing patterns reminiscent of its performance in 2021. While the Shib Army celebrates the ongoing rally, - [Philippines’ Telco Companies Block Binance Access on NTC Orders](https://news.shib.io/2024/03/27/philippines-telco-companies-block-binance-access-on-ntc-orders/): Binance, the world’s largest cryptocurrency exchange by trading volume, will no longer be available in the Philippines as the National Telecommunications Commission (NTC) mandated internet service providers to block access to the platform. This significant development follows measures taken by the Philippines’ Securities and Exchange Commission (SEC) against the unlicensed operations of the crypto exchange in the country. In a media release, the SEC set forth the details of its letter-request to the NTC, citing that the exchange “poses a threat” to the safety of Filipino investors. Binance has failed to acquire authorization from the SEC to solicit investments from - [Next-Level Innovation: Shibarium's Biggest NFT Marketplace Enhances DAMN Use Case](https://news.shib.io/2024/03/26/next-level-innovation-shibariums-biggest-nft-marketplace-enhances-damn-use-case/): Shibarium’s leading NFT marketplace has officially whitelisted DAMN (SOLKiller) as a recognized currency within its esteemed platform, Mantra. This strategic integration not only amplifies DAMN’s credibility but also opens the floodgates for its utilization as a bona fide currency for transacting in the vibrant world of non-fungible tokens (NFTs). The announcement, made via the social media platform X (formerly Twitter), was made with a rallying cry to onboard “DAMN holders and get their feet deeper into Shibarium via NFTs,” has ignited enthusiasm and anticipation across the Shiba ecosystem, especially those who hold the memecoin. By integrating memecoin as a recognized - [Bullish Forecast: Shiba Inu Primed for Upward Surge, Analyst Observes 'SHIB History Repeating Itself'](https://news.shib.io/2024/03/26/bullish-forecast-shiba-inu-primed-for-upward-surge-analyst-observes-shib-history-repeating-itself/): Shiba Inu (SHIB) is gearing up to make waves and take the cryptocurrency world by storm once again this year. A bullish forecast highlighted the uncanny similarities between current market trends and SHIB’s remarkable performance in 2021, the year when it skyrocketed by over 1,100% in under a month, reaching its all-time high price of $0.00008845. A recent analysis by the crypto analyst who uses the X handle @rektcapital provided a fresh analysis of the Shiba Inu performance using technical indicators. One of the notable observations from the analysis is the successful retest of a crucial level by SHIB.  This - [Worldcoin Hits Roadblock in Portugal: Forced to Pause Personal Data Collection for 90 Days](https://news.shib.io/2024/03/26/worldcoin-hits-roadblock-in-portugal-forced-to-pause-personal-data-collection-for-90-days/): Portugal has slammed the brakes on the ambitious plans of Worldcoin, the iris biometric cryptocurrency project developed by Tools for Humanity. Facing regulatory headwinds, the company finds itself compelled to hit pause on its biometric data collection efforts within Portuguese borders for a mandated 90-day hiatus.  The National Data Protection Commission (CNPD) has taken decisive action against the Worldcoin Foundation’s data practices, suspending the collection of biometric data—including iris, eye, and facial scans—within Portugal’s borders on Monday. This move aims to uphold the fundamental right to personal data protection, with a particular emphasis on safeguarding minors.  The CNPD has mandated - [DOJ Indictment Exposes Alleged Dark Underbelly of KuCoin, Two Of Its Founders](https://news.shib.io/2024/03/26/doj-indictment-exposes-alleged-dark-underbelly-of-kucoin-two-of-its-founders/): KuCoin, the Seychelles-based crypto exchange platform and its founders, Chun Gan and Ke Tang, find themselves ensnared in a high-stakes legal battle with U.S. federal prosecutors. Accused brazenly of conspiring to run an unlicensed money-transmitting business and violating the Bank Secrecy Act, this unfolding saga takes another dramatic turn as the Commodity Futures Trading Commission initiates a parallel civil action against the cryptocurrency business. In a stunning legal salvo fired across the bow of the cryptocurrency world, the U.S. Department of Justice (DOJ) unsealed an indictment on Tuesday. This entails serious charges against KuCoin and its founders, Chun Gan, also - [K9 Finance Unveils Evolutionary Product Roadmap-Highlights](https://news.shib.io/2024/03/26/k9-finance-unveils-evolutionary-product-roadmap-highlights/): K9 Finance, a leading player in the decentralized finance (DeFi) space, recently announced its product roadmap, which is set to unfold in three evolutionary stages. The roadmap, shared via a tweet, draws parallels between product development and the evolution of canines. The first stage, named ‘Hesper’, is set to launch on Testnet in late Q2. This stage is named after the Hesperocyoniae, a prehistoric version of the modern-day canine. Just as the Hesperocyoniae evolved into a more advanced version, this Testnet version of K9 is expected to rapidly evolve to Mainnet. The second stage, ‘Boro’, is scheduled for a Mainnet - [Shiba Inu Emerges As Second Most Searched Cryptocurrency in Europe](https://news.shib.io/2024/03/26/shiba-inu-emerges-as-second-most-searched-cryptocurrency-in-europe/): Shiba Inu (SHIB) has emerged as the second most searched cryptocurrency in Europe, trailing only behind Bitcoin. The information comes amidst a significant surge in SHIB searches on Google Trends this month. “SHIB is the 2nd most searched crypto in Europe only behind Bitcoin. The #SHIBARMY‘s unstoppable growth is only just beginning,” Shib’s official handle announced on X (formerly Twitter). The recent uptick in searches indicates a growing interest in alternative cryptocurrencies, often referred to as altcoins. However, SHIB’s popularity in Google searches is not just a European phenomenon. The trend is global, with significant search volumes coming from various - [Shiba Inu Soars 7%, Sparks Hope for Bull Run Revival](https://news.shib.io/2024/03/26/shiba-inu-soars-7-sparks-hope-for-bull-run-revival/): Shiba Inu (SHIB) has experienced a sudden surge, jumping an impressive 7% as of 7:50 a.m. ET on Tuesday, according to CoinMarketCap. As the crypto community watches closely, the question on everyone’s mind is whether this signals the return of the SHIB bull run. A bull run refers to a sustained increase in the price of a particular asset, typically accompanied by high investor optimism and buying activity. In the cryptocurrency market, bull runs are not uncommon, often driven by factors such as positive news, increased adoption, or speculative trading. These surges can propel prices to new highs, attracting even - [Nilam Resources to Acquire 24,800 BTC Worth $1.7B](https://news.shib.io/2024/03/26/nilam-resources-to-acquire-24800-btc-worth-1-7b/): South American gold mining company Nilam Resources has made a significant move in the cryptocurrency world by signing a Letter of Intent (LOI) with Xyberdata to acquire a substantial amount of Bitcoin. According to a press release Monday, the company is set to acquire 24,800 Bitcoins, valued at approximately $1.7 billion at the time of the announcement. As part of this acquisition, Nilam Resources will gain 100% ownership of MindWave, a special purpose entity based in Mauritius, responsible for holding digital assets, including Bitcoin. These assets will serve as collateral to secure capital for investment in high-yield projects. Pranjali More, - [SHIB Now Available on Bitcoin.com.au](https://news.shib.io/2024/03/26/shib-now-available-on-bitcoin-com-au/): Bitcoin.com.au, a leading digital currency exchange, has announced the Shiba Inu (SHIB) listing on its platform. The move marks a milestone for both the exchange and the token, as it expands the accessibility of SHIB to a broader audience and potentially boosts its market presence. Bitcoin.com.au is a well-known platform in the crypto space, providing users with a secure and convenient way to buy, sell, and hold a variety of cryptocurrencies. The organization announced the listing via its X handle (formerly Twitter). The Shib team responded with “Calling all Aussies! Shib is now available for purchase on @bitcoin_com_au. Time to grow - [Dive into the Hunt: Shibarium's Biggest Marketplace Announces 'Easter Egg' Event ](https://news.shib.io/2024/03/25/dive-into-the-hunt-shibariums-biggest-marketplace-announces-easter-egg-event/): In a strategic move set to stir excitement across the Shib ecosystem and the broader crypto landscape, Shibarium’s leading marketplace Mantra Protocol has unveiled its latest activity dubbed the “Easter Egg” event. This smart initiative is primed to captivate NFT collectors and eager enthusiasts and to inject a fresh wave of momentum into the ecosystem, elevating user engagement. Mantra Protocol is shaking up the NFT scene with this event, offering NFTs at a steal for just 1 DAMN token, the new meme coin on Shibarium. Priced as a near-giveaway, this initiative aims to boost engagement not only with Mantra and - [Bitcoin Soars To $70K: Weekend Whale and Shark Wallet Activity Sparks Surge](https://news.shib.io/2024/03/25/bitcoin-soars-to-70k-weekend-whale-and-shark-wallet-activity-sparks-surge/): The cryptocurrency landscape has roared back to life this week, reclaiming ground lost during its recent downturn. Spearheading this resurgence is Bitcoin, the world’s first-ever crypto asset, currently flexing its muscles at the $70,000 mark. Industry whispers suggest that this formidable climb could very well be orchestrated by the strategic maneuvers of the market’s heavyweight BTC holders. In a jaw-dropping display of strength, Bitcoin staged a formidable rally Monday, surging by 7.09% and leaving traders scratching their heads in disbelief. Earlier in the day, the world’s premier cryptocurrency was trading at a modest $66,958, only to skyrocket unexpectedly.  So, what - [Crypto Market Alert: Glassnode Issues Cautionary Alert to Traders on the Upcoming Bitcoin Halving](https://news.shib.io/2024/03/25/crypto-market-alert-glassnode-issues-cautionary-alert-to-traders-on-the-upcoming-bitcoin-halving/): The crypto world awaits with bated breath as the eagerly awaited Bitcoin Halving event looms on the horizon—a historical game-changer that has traditionally ignited bullish fervor in the market. Yet, traders and analysts poised to capitalize on this anticipated uptrend received a stark warning from leading crypto intelligence firm Glassnode. This warning emphasizes that recent market dynamics are straying significantly from established historical patterns and encouraged vigilance and strategic reevaluation among those tracking and interpreting these shifting trends. The analysis provided by Glassnode underlined the role of a new player, Exchange-Traded Funds (ETFs), highlighting its substantial purchasing power which can - [On the Run: Binance Executive Escapes Nigerian Custody Amid Four-Count Criminal Charges](https://news.shib.io/2024/03/25/on-the-run-binance-executive-escapes-nigerian-custody-amid-four-count-criminal-charges/): In a startling turn of events that has captivated both the business and crypto communities, a top-tier Binance executive has successfully evaded Nigerian custody. This audacious breakout comes hot on the heels of the Nigerian government leveling a formidable four-count criminal charge against the executive.  Binance’s Regional Manager for Africa, Nadeem Anjarwalla, a British-Kenyan national, has reportedly escaped lawful custody on Friday. Anjarwalla, who is currently under investigation as a suspect in Nigeria’s ongoing criminal probe into Binance’s activities, managed to evade authorities, as confirmed by local media outlets and later verified by the country’s Office of the National Security - [Rising Titans: India's Largest Crypto Exchange Crowns SHIBARMY As Strongest Community On X](https://news.shib.io/2024/03/25/rising-titans-indias-largest-crypto-exchange-crowns-shibarmy-as-strongest-community-on-x/): In a monumental recognition, India’s largest crypto exchange has officially crowned the Shib Army as the strongest community on Elon Musk’s social media platform, X, highlighting the community’s unwavering strength and unity while solidifying its position as the rising titan of the crypto sphere.  WazirX, a member of the Binance group and India’s premier crypto exchange established in 2018, has rapidly ascended to become the most trusted platform in India’s burgeoning crypto landscape. Recently, the exchange unveiled a groundbreaking recognition for Shib Army through X (formerly known as Twitter).  This accolade stems from a poll orchestrated by WazirX on the - [Stablecoin Market Capitalization Hits Record High, Surpasses $150 Billion Milestone](https://news.shib.io/2024/03/25/stablecoin-market-capitalization-hits-record-high-surpasses-150-billion-milestone/): Stablecoins have reached a record-breaking market capitalization of over $150 billion, CoinGecko data shows. This achievement was accompanied by a surge in daily trading volume, which approached $122 billion, underscoring the growing prominence of stablecoins in the digital asset landscape. Tether (USDT) continues to lead the stablecoin market with a dominant 70% share, solidifying its position as the industry frontrunner. Following closely is USD Coin (USDC) with a market capitalization of $31.8 billion, while DAI secures the third spot with $4.7 billion and a 3% market share. The stability and reliability of stablecoins have garnered attention from rating agencies like - [US Bitcoin Mining Firms Prepare for Halving by Shipping Equipment Overseas](https://news.shib.io/2024/03/25/us-bitcoin-mining-firms-prepare-for-halving-by-shipping-equipment-overseas/): As the Bitcoin halving event approaches, Bitcoin mining firms in the U.S. are strategically relocating outdated mining machines overseas to optimize operations in anticipation of the rewardd drop. SunnySide Digital, a prominent wholesaler in the crypto mining industry, is leading this initiative by sending around 6,000 older Bitcoin mining machines to a warehouse in Colorado Springs for refurbishment and resale to international buyers, particularly in regions with cost-effective energy resources. The decision to ship mining equipment abroad is driven by the need to reduce electricity expenses, with countries like Ethiopia, Tanzania, Paraguay, and Uruguay emerging as attractive destinations due to - [Shiba Inu Set for Growth with Burning Program and Shibarium Network Advancements](https://news.shib.io/2024/03/25/shiba-inu-set-for-growth-with-burning-program-and-shibarium-network-advancements/): Recent developments in the Shiba Inu ecosystem have sparked optimism among analysts, projecting a bullish trajectory for the cryptocurrency driven by the implementation of a burning program and advancements in the Shibarium network. After a period of trading on the downside, Shiba Inu’s price surged by around 9% this week, setting the stage for potential new peaks shortly. Key factors expected to bolster the value of the meme coin include the successful execution of the burning program and the ongoing progress in enhancing the layer-2 blockchain solution, Shibarium. Notably, the burn rate witnessed a remarkable 500% increase on March 21, - [Shiba Inu Long-Term Holders Demonstrate Remarkable Resilience Amid Market Volatility](https://news.shib.io/2024/03/25/shiba-inu-long-term-holders-demonstrate-remarkable-resilience-amid-market-volatility/): In the face of recent market fluctuations, long-term holders of Shiba Inu have showcased unwavering resilience, holding onto their investments despite challenging conditions. According to insights from IntoTheBlock (ITB), addresses that have maintained their Shiba Inu holdings for over a year have notably surged in recent times, reflecting a strong commitment to the cryptocurrency. Currently trading at $0.00002782, Shiba Inu has seen a 22% increase in trade volume, surpassing $1 billion and reaching $1.096 billion. Additionally, the crypto asset boasts an Open Interest (OI) of $81.7 million, indicating sustained interest and activity within the market. One particularly striking trend is - [Bullish: Analyst Forecasts Shiba Inu's 300% Upswing This Year](https://news.shib.io/2024/03/24/bullish-analyst-forecasts-shiba-inus-300-upswing-this-year/): Shiba Inu is set for a meteoric 300% upswing later this year, defying its recent dip following a robust rally between late February and early March and underlining its potential for a dramatic recovery and substantial growth soon. Forecasting a bullish future, Trading View analyst Xanrox, expected the value of Shiba Inu to quadruple from a referenced price point later this year, setting the stage for what could be one of the most remarkable rallies in the crypto domain. They said investors “need to catch the bounce and ride the next wave to the upside,” which means buying the cryptocurrency - [Do Kwon's Legal Conundrum: Released But Confined, Extradition Awaits Supreme Court Verdict](https://news.shib.io/2024/03/24/do-kwons-legal-conundrum-released-but-confined-extradition-awaits-supreme-court-verdict/): South Korean crypto executive Do Kwon, the embattled CEO of the blockchain firm Terraform Labs (TFL), is entangled in a legal quandary. Despite his release from a Montenegrin prison early Saturday, his liberty hangs in the balance as he remains confined, having been relocated to a shelter for foreigners, while awaiting the Supreme Court’s decision on his extradition. Kwon can momentarily breathe easier after being released from a Montenegrin prison this Saturday. The Terraform Labs (TFL) CEO had been serving a four-month sentence for possessing fake travel documents. Yet, this relief is partial at best, as his freedom is significantly - [SHIB Mirrors 2021 Pattern, Could Herald New Price Surge: Crypto Analyst](https://news.shib.io/2024/03/24/shib-echoes-2021-pattern-could-herald-new-price-surge-crypto-analyst/): Shiba Inu stands on the brink of what could be a significant market resurgence this year, mirroring its notable trajectory from 2021—a year that saw it reach an unprecedented all-time high (ATH) of $0.00008845. SHIB’s current market behavior not only recalls its prior dominance but also signals to both investors and cryptocurrency enthusiasts alike a potential renaissance. A prominent crypto analyst, known by the X handle @rektcapital, has drawn attention to striking parallels between the current price movement of Shiba Inu and its late 2021 behavior, a comparison that teases the interesting prospect that history could be on the brink - [Anonymous No More: EU's Crypto Regulation Could Inspire Worldwide Shift](https://news.shib.io/2024/03/23/anonymous-no-more-eus-crypto-regulation-could-inspire-worldwide-shift/): The European Union (EU) has implemented new regulations that effectively make any cryptocurrency transactions, regardless of their size, through anonymous, self-custodied wallets illegal. As whispers turn to talks, there’s growing speculation that this trailblazing move by the EU could spark a global trend, prompting countries around the world to follow suit and tighten their grip on the elusive world of crypto. In a landmark decision that underscored its commitment to tightening financial regulations, the European Union (EU) has set the stage for a dramatic shift in the cryptocurrency landscape. By effectively imposing a ban on crypto transactions through non-custodial, unverified - [Shiba Inu's Kusama Declares: 'The Future is Bright Worldwide' ](https://news.shib.io/2024/08/07/shiba-inus-kusama-declares-the-future-is-bright-worldwide/): A wave of optimism is sweeping through the Shiba Inu community as lead developer Shytoshi Kusama foresees a bright worldwide future for the cryptocurrency industry. The bullish declaration coincides with the record-breaking growth on Shibarium, the crypto project’s Layer-2 scalability solution. In a recent X post, Kusama sparked intrigue within the crypto community by highlighting the growing political acceptance of digital assets. Responding to a post about Elon Musk’s upcoming interview with former President Donald Trump, Kusama declared their political impartiality while expressing optimism about the future of cryptocurrency: “😵… don’t care which side you are on. It’s exciting to - [The Burning Question](https://news.shib.io/2024/08/07/the-burning-question/): Read the latest edition of The Shib magazine here. - [Token Burning: Crypto Executive Busts Myths](https://news.shib.io/2024/08/07/interview-burning-questions-mr-lightspeed-unravels-the-token-burning-myth/): Token burning, the act of permanently removing tokens from circulation, has become an increasingly popular mechanism in the cryptocurrency space. Proponents have touted its potential to boost value, control inflation, and even influence broader economic factors. But how much of this is hype, and how much holds real economic weight? Delving into the controversial world of token burning, we engage in an exclusive dialogue with Christopher Johnson, PhD, also known as Mr. Lightspeed, the visionary behind Lightspeed Crypto Services and Bad Idea AI. The Shib: Beyond price fluctuations, what are the broader economic implications of token burning, such as its - [Shiba Inu Ecosystem Thrives, New Shibarium Record Sets Bullish Tone](https://news.shib.io/2024/08/07/shiba-inu-ecosystem-thrives-new-shibarium-record-sets-bullish-tone/): The Shiba Inu ecosystem is showing strong signs of growth, with a recent surge in Shibarium adoption signaling a potential upswing for the $SHIB token.   Data from Shibarium Scan, the official Shibarium chain explorer, revealed that new accounts on the network hit an all-time high on Tuesday,  a development that has sparked optimism among investors and fueled bullish price predictions. The surge in new Shibarium accounts points to a growing user base and increased confidence in the platform’s capabilities.  As a Layer-2 scaling solution built on top of Ethereum, Shibarium aims to provide faster and cheaper transactions, addressing key scalability - [Shiba Inu Primed for Explosive Growth, Expert Predicts Imminent Surge to $0.001](https://news.shib.io/2024/08/07/shiba-inu-primed-for-explosive-growth-expert-predict-imminent-surge-to-0-001/): Shiba Inu ($SHIB) is on the verge of a significant breakout, with prominent crypto analysts predicting an imminent surge toward the coveted $0.001 price target. A confluence of bullish technical indicators and positive market sentiment suggests that the popular meme coin is ready to shed its underdog status and reward early investors handsomely. Technical Signals Point to Bullish Reversal Crypto analyst Armando Pantoja (@_TallGuyTycoon on X) highlighted the bullish RSI divergence on the SHIB/USDT perpetual futures chart as a strong indicator of an impending upward move.  “The correction is over,” Pantoja asserted, “and it’s already in the prime buying range. - [K9 Finance's Roundtable of Dogs Sets Stage for Upcoming Hackathon](https://news.shib.io/2024/08/07/k9-finances-roundtable-of-dogs-sets-stage-for-upcoming-hackathon/): K9 Finance, Shiba Inu’s DeFi partner and a promising player in the Shibarium ecosystem, held their Roundtable of Dogs meeting last Friday to discuss their strategies for their upcoming hackathon event.  The speakers showcased K9’s prominent role in development, positioning it ahead of the ETH Toronto hackathon event next week. They stressed on the conference’s focus on Shiba Inu, promising to present top brands and a special surprise announcement reserved for the day of the event.  During the roundtable conference, the speakers also made a mention about their Testnet Guide, which they believe is fairly intuitive and can be accessed easily - [Exclusive Interview / WazirX Discusses Recovery Plans and Future After $230M Security Breach](https://news.shib.io/2024/08/06/exclusive-interview-wazirx-discusses-recovery-plans-and-future-after-230m-security-breach/): Indian crypto exchange WazirX lost around $230 million in a security breach last month. This created a huge furore across social media leading the crypto trading platform to offer a $23 million bounty to get a hold of the stolen assets.  The Shib Daily reached out to Nischal Shetty, co-founder of WazirX, to gain an understanding of the current situation, their next plan of action, and what the future holds for them.  Read The Shib’s coverage of the WazirX hack 1. Can you tell us briefly the steps you are taking or have already taken, to address the loss suffered - [Ethereum ETFs See Strong Inflows Amid Market Volatility](https://news.shib.io/2024/08/06/ethereum-etfs-see-strong-inflows-amid-market-volatility/): Spot ether ETFs had recorded a net inflow of $48.73 million on Monday despite the market downturn. Spot ether ETFs began trading only last month and have amassed a total net outflow of around $461.98 million.  BlackRock’s iShares ETF (ETHA) has been leading the charge. Currently, ETHA has seen cumulative net inflows of around $760 million. According to SoSoValue, a blockchain analysis firm, BlackRock’s ETHA continued leading the inflow charge with a whopping $47.09 million in net inflows.  VanEck’s Ethereum ETF (ETHV) secured $16.62 million in net inflows, which is its second-largest day since its launch. Fidelity’s Ethereum Fund (FETH) bagged - [French Regulator Accepts Crypto Service Provider Applications Ahead of MiCA Regulation](https://news.shib.io/2024/08/06/french-regulator-accepts-crypto-service-provider-applications-ahead-of-mica-regulation/): France’s financial markets regulator, the Autorité des Marchés Financiers (AMF), has begun accepting applications from cryptocurrency service providers while preparing for the European Union’s latest Markets in Crypto-Assets (MiCA) regulation. The body aims to create a comprehensive regulatory framework for digital assets across the European Union (EU).  AMF intends to accept applications right before MiCA’s implementation and streamline the transition process for crypto service providers. By adopting this move, AMF can make sure that French crypto businesses are knowledgeable about upcoming regulations.  The AMF also plans to build investor confidence with this move and uphold France’s position within the European - [BREAKING: Ronin Network Suspected to be Hacked of Over $11M, Bridge Paused, Investigation On](https://news.shib.io/2024/08/06/breaking-ronin-network-suspected-to-be-hacked-of-over-11m-bridge-paused-investigation-on/): The Ronin Network bridge, a crucial bridge safeguarding over $850 million in assets, has been temporarily suspended following reports of a potential $11 million exploit.  “The Ronin Network bridge has been paused while we investigate a report from whitehats about a potential MEV exploit,” Aleksander Larsen, Ronin co-founder, chairman, and COO of Axie Infinity, Ronin Network, and Sky Mavis, said in an X post. “We will follow up with more information shortly. The bridge currently secures over $850M which is safe,” the executive added. Blockchain security firm PeckShield was the first to raise the alarm, detecting suspicious activity involving approximately - [Shiba Inu 'Legendary Comeback' Predicted, SHIB Whales Buying Frenzy Soars Triple-Digit](https://news.shib.io/2024/08/06/shiba-inu-legendary-comeback-predicted-shib-whales-buying-frenzy-soars-triple-digit/): Despite a recent decline in price, Shiba Inu (SHIB) is experiencing a surge in large-scale transactions, commonly referred to as “whale activity,” according to on-chain data. This trend has sparked debate among analysts and investors about whether it signals a potential price reversal or a temporary blip in a bearish market, with one of them optimistic it will trigger a “legendary comeback” for the world’s second-largest dog-themed altcoin by market capitalization. In a recent X post, Crypto Sheriff (@Gem_Sheriff on X), a crypto analyst, declared, “SHIB is Strong! Get ready for the legendary comeback,” alongside a chart showcasing SHIB’s recent - ['Pretend Internet Money': Tezos Co-Founder Stirs Controversy With Bitcoin Jab Amid Market Carnage](https://news.shib.io/2024/08/06/pretend-internet-money-tezos-co-founder-stirs-controversy-with-bitcoin-jab-amid-market-carnage/): As the crypto market reeled from the brutal selloff on Monday, Kathleen Breitman, co-founder of the Tezos blockchain, didn’t mince words during a CNBC interview, labeling Bitcoin “pretend internet money.”  Her comments, delivered against a backdrop of plunging crypto prices and widespread investor anxiety, ignited a firestorm of criticism from Bitcoin proponents and industry leaders alike. Appearing on CNBC’s “Squawk Box” alongside anchors Andrew Sorkin and Joe Kernen, Breitman argued that Bitcoin’s volatile nature and limited real-world utility undermine its purported status as a store of value.  She likened the current market panic to the early days of the COVID-19 - [Hackers Buy the Dip Amid Crypto Bloodbath](https://news.shib.io/2024/08/05/hackers-buy-the-dip-amid-crypto-bloodbath/): As the cryptocurrency market grapples with a severe downturn, a darker trend has emerged: hackers exploiting the volatility to amass digital fortunes. While legitimate investors are reeling from significant losses, cybercriminals are capitalizing on the chaos, using stolen funds to accumulate vast cryptocurrency holdings. The recent market plunge, characterized by steep declines in major cryptocurrencies like Bitcoin and Ethereum, has created a perfect storm for these malicious actors. With prices at rock bottom, hackers are scooping up digital assets at bargain prices, further exacerbating the challenges faced by the crypto community. One such example is the infamous Nomad Bridge Exploiter. - [Robinhood Flashes 24-Hour Trading Halt, Faces Investor Backlash](https://news.shib.io/2024/08/05/robinhood-flashes-24-hour-trading-halt-faces-investor-backlash/): Updated at 15.00 EST to include response from Robinhood. A perfect storm of events rocked the financial world on Monday. A global market downturn, exemplified by the Nikkei 225’s historic plunge, sent shockwaves through global markets. Amid this turmoil, Robinhood, a popular online brokerage platform, reportedly halted its 24-hour trading service. An image circulating on social media appears to confirm the suspension, with a message on the Robinhood platform stating, “The 24 Hour Market is currently unavailable.” While the exact reasons behind the halt remain unclear, speculations point to increased trading volume, risk management measures, or technical difficulties as potential - [Bitcoin Plunges Below $50,000 Amid Middle East Tensions and Economic Worries](https://news.shib.io/2024/08/05/bitcoin-plunges-below-50000-amid-middle-east-tensions-and-economic-worries/): Bitcoin plunged to a multi-month low early Monday before recovering, as rising tensions in the Middle East and concerns about a slowing U.S. economy rattled investors worldwide. The fall in crypto markets came in lock-step with the rout in equity markets across the globe. BTC dipped below $50,000 before recovering to nearly $50,175.45 on Monday as of 8.36 am EST. Ether, too, plunged to multi-month lows; the coin has lost more than a fifth of its value in the last 24 hours. Almost all our coins were in the red as digital currencies experienced their worst day since the FTX - [Buterin Optimistic Shibarium, Other Chains Could Enjoy Seamless Cross-L2 Interoperability Soon](https://news.shib.io/2024/08/05/buterin-optimistic-shibarium-other-chains-could-enjoy-seamless-cross-l2-interoperability-soon/): Shibarium, the layer-2 scalability solution of the Shiba inu project, alongside other chains, could soon provide a seamless user experience as Ethereum co-founder Vitalik Buterin expressed optimism on cross-L2 interoperability across the Ethereum-verse. The 30-year-old crypto genius ignited a wave of optimism in the cryptocurrency community with a recent post suggesting rapid advancements in cross-Layer 2 (L2) interoperability. As Buterin himself expressed, “I think people will be surprised by how quickly ‘cross-L2 interoperability problems’ stop being problems.”  In his X post, Buterin envisions a future where users seamlessly traverse the complex landscape of Ethereum, from the mainnet to various L2 - [The Weekly Meme Digest - August 3, 2024](https://news.shib.io/2024/08/03/weekly-meme-digest-2/): Welcome back, meme maestros and crypto comrades, to another rollicking edition of the Weekly Meme Digest! If you’re looking for serious, sober financial advice, you’re in the wrong place. We’re here to serve up a side of sass with your crypto news. Think of us as your personal court jesters, here to make the crypto world a little less confusing (and a lot more entertaining). 🤡 We’re trading boring market analysis for a rollercoaster of laughs, mind-boggling memes, and the occasional “holy sh*t” moment. Because let’s face it, who needs dry statistics when you can have a front-row seat to - [Harris Gets Crypto-cool: Ripple, Coinbase, and Circle Join the Party! 🎉💸](https://news.shib.io/2024/08/03/harris-gets-crypto-cool-ripple-coinbase-and-circle-join-the-party-%f0%9f%8e%89%f0%9f%92%b8/): In a plot twist as shocking as a sudden crypto market crash, our beloved politician, Kamala Harris, has inexplicably morphed into a crypto enthusiast. It’s almost as absurd as Trump’s accusation that she’d miraculously changed ethnicity. One can’t help but wonder if this narrative would be playing out so dramatically if former President Donald Trump and Robert Kennedy Jr. hadn’t injected crypto into the mainstream political discourse. 🤔Perhaps it’s a strategic move to win over crypto bros, who are reportedly furious with Biden’s admin anti-crypto stance and have been showering Trump’s campaign with crypto donations?😒 Remember when Bitcoin Magazine tried - [US Government Plays Crypto Hot Potato: Is Trump Sweating Yet? 🥵](https://news.shib.io/2024/08/03/us-government-plays-crypto-hot-potato-is-trump-sweating-yet-%f0%9f%a5%b5/): In a plot twist worthy of a soap opera, the U.S. government 🏦💸 has just pulled a fast one that’s got the whole crypto world buzzing like a hive of angry bees. Remember, when Donald Trump was all high and mighty, proclaiming America should be the Bitcoin capital? Well, Uncle Sam decided to throw a wrench into his Bitcoin bonanza. Instead of HODLING its Bitcoin like a bunch of diamond hands pros, the government played a sneaky game of crypto hot potato. It shifted a whopping $2 billion worth of Bitcoin to a not-so-secret wallet. Cue dramatic music.🎵 We’re talking - [Winklevoss Bros Roast Harris Over Crypto 'Reset' Remark](https://news.shib.io/2024/08/03/winklevoss-bros-roast-harris-over-crypto-reset-remark/): Cameron Winklevoss, the slick-haired crypto wizard behind Gemini, is throwing down the gauntlet to Vice President Kamala Harris. Seems he has sensed somebody needs some crypto coaching. 📝 He’s basically questioning whether she really has legit intentions or if she’s putting on a fancy form of charades. 🤔 Cameron thinks her plans for a crypto “reset” are more like a big bluff. 😳 It’s akin to saying a pump-and-dump scheme is a temporary liquidity event. Winklevoss is clearly hoping for more action than just a “we’ll get back to you” email; he’s ready for some fireworks, not just a sparkler. - [Crypto Hackers Gone Wild: Is Your Decentralized Dream Turning into a Nightmare?](https://news.shib.io/2024/08/03/crypto-hackers-gone-wild-is-your-decentralized-dream-turning-into-a-nightmare/): Welcome to the thrilling sequel of “How to Lose $278.8 Million and Still Make Headlines,” starring the latest crypto exploits that have everyone clutching their digital wallets. 🎭✨ According to blockchain security firm CertiK, July’s crypto hack tally was the second-highest this year, and it seems like the hackers were channeling their inner Robin Hood, minus the giving part. In a classic plot twist, $278.8 million was snatched from unsuspecting crypto projects last month. Of course, our heroes at CertiK pointed out that exit scams, flash loans, and other dastardly exploits were to blame. But wait, there’s more! 🎬 They - [Blackrock Accumulates 🐂💰 while Non-Degens FUD 🤡 and Retail🧻, Well, 😰 Panic](https://news.shib.io/2024/08/03/blackrock-accumulates-%f0%9f%90%82%f0%9f%92%b0-while-non-degens-fud-%f0%9f%a4%a1-and-retail%f0%9f%a7%bb-well-%f0%9f%98%b0-panics/): Hold on to your crypto wallets, Degens! 🤯 Blackrock, the financial behemoth that makes your grandma’s pension look like pocket change, is on a Bitcoin buying spree that would make even the most hardened HODLer blush. 🥵 While the rest of us are busy panic-selling our bags 🧻 and spreading FUD like wildfire 🔥, these Wall Street whales are quietly accumulating Bitcoin like it’s going out of style. 😎 Let’s break this down. Blackrock and Microstrategy combined hold a whopping 569,000 BTC. 🤯 That’s more Bitcoin than most of us will ever see in our lifetimes. And while the price - [Trump's Bullish Bet On Bitcoin To Pay Off US Debt](https://news.shib.io/2024/08/02/trump-bullish-bet-on-bitcoin-to-pay-off-us-debt/): Republican candidate and former President Donald Trump, in a move that has sent ripples through both the political and financial spheres, has suggested a bold and unconventional strategy to tackle the United States soaring $35 trillion national debt: paying it off with Bitcoin. In a recent interview with FOX Business Maria Bartiromo, Trump said he should have embraced crypto technology to maintain American leadership in the global arena. “Who knows, maybe we’ll pay off our $35 trillion dollars and hand ‘em a little crypto check. We’ll hand ‘em a little Bitcoin, and wipe out our $35 trillion dollars,” Trump noted. - [$BONE Officially Listed on WEEX Spot; K9 Finance Optimistic About Future Prospects](https://news.shib.io/2024/08/02/bone-officially-listed-on-weex-spot-k9-finance-optimistic-about-future-prospects/): $BONE, the governance token for the ShibaSwap DEX and the gas fee token of Shibarium, recently got listed on WEEX Spot, a user-friendly crypto futures trading platform, marking a huge development for Shibarium. This listing marks the third collaboration with a unit from the Shiba Inu ecosystem. WEEX previously partnered with K9 Finance, Shiba Inu’s DeFi partner. WEEX, famous for bringing top-tier projects to its platform, announced the listing on X. Its listing of BONE and collaboration with K9 Finance aims to elevate the presence of the $SHIB community within the cryptocurrency space as a whole.  In a statement to - [Kwon Bound for South Korea: Montenegro Court Rejects US Extradition Bid](https://news.shib.io/2024/08/02/kwon-bound-for-south-korea-montenegro-court-rejects-us-extradition-bid/): In a decisive ruling that ends months of legal wrangling, a Montenegro court has ordered the extradition of disgraced crypto mogul Do Kwon to his native South Korea. The decision, announced Thursday, rejects a competing bid from the United States to secure Kwon for prosecution. It said in a statement: “The Appellate Court of Montenegro, ex officio examining the decision of the High Court in Podgorica Kv. no. 632/24 dated June 28, 2024 in the case of the extradition of the citizen of the Republic of Korea Kwon Do Hyeong, confirmed the said decision in the part in which the - [X Pulls Plug on Account Enabling Instant Memecoin Creation, Then Restores it](https://news.shib.io/2024/08/02/x-pulls-plug-on-account-enabling-instant-memecoin-creation-then-restores-it/): In a dramatic turn of events, X, the social media platform owned by tech magnate Elon Musk, suspended an account called “makenowmeme,” only to reinstate it a few hours later. The account, with over 15,000 followers, gained popularity for allowing users to create their own memecoins on the Solana blockchain with a simple X post. The “makenowmeme” system functioned by providing a specific format for posts on X.  Users include a $ticker with the desired token name, a description of the coin, and a tag for “@makenowmeme.” An optional image or video could also be attached.  Once enough users bought - [Shiba Inu Outperforms Crypto Giants as It Celebrates 4th Birthday](https://news.shib.io/2024/08/01/shiba-inu-outperforms-crypto-giants-as-it-celebrates-4th-birthday/): Shiba Inu (SHIB) is celebrating its fourth anniversary with a resounding victory over its more established rivals. The dog-themed altcoin has not only survived but thrived, outperforming industry giants Bitcoin and Ethereum in terms of price appreciation since the start of 2024. After its launch in August 2020, the dog-themed altcoin has catapulted itself to new heights, leading the pack of other promising crypto projects. While the broader cryptocurrency market faced challenges in recent times, Shiba Inu has bucked the trend, recording a remarkable 53% increase in value since the start of the year. Shiba Inu’s remarkable price surge in - [Artists Challenge SEC Authority Over NFTs in Federal Lawsuit](https://news.shib.io/2024/08/01/artists-challenge-sec-authority-over-nfts-in-federal-lawsuit/): Two artists in the United States have sued the Securities and Exchange Commission, saying the market watchdog does not have the authority to regulate the selling of Non-Fungible Tokens (NFTs). Brian L. Frye, a law professor and conceptual artist, and Jonathan Mann, a musician who specializes in music NFTs, filed the lawsuit in the United States District Court for the Eastern District of Louisiana on Monday. The duo argue that the present SEC guidelines are detrimental to digital artists and creators wishing to tokenize their work.  Impact on Digital Art and Artists Frye and Mann contend that the SEC’s ambiguous - [Terra's Troubles Deepen: After Do Kwon's Scandal, Another $4M+ Wipeout](https://news.shib.io/2024/08/01/terras-troubles-deepen-after-do-kwons-scandal-another-4m-wipeout/): The Terra blockchain has once again been plunged into turmoil after suffering a devastating exploit that drained millions of dollars worth of tokens. The attack comes as a fresh blow to the network, which is still reeling from the catastrophic collapse orchestrated by disgraced CEO Do Kwon. Terra halted its blockchain on Wednesday morning to address the vulnerability exploited by the attackers. While the network has since resumed operations, the incident has raised serious concerns about the security and resilience of the Terra ecosystem. In a brazen attack that underscores the ongoing vulnerabilities in the crypto ecosystem, hackers drained over - [Tucker Carlson Claims Bitcoin a CIA Creation](https://news.shib.io/2024/08/01/tucker-carlson-claims-bitcoin-a-cia-creation/): Former Fox News host Tucker Carlson has ignited a fresh wave of speculation surrounding the enigmatic creator of Bitcoin, Satoshi Nakamoto, by boldly asserting that the cryptocurrency was a clandestine project of the Central Intelligence Agency (CIA). During a speech at a private event held at the Bitcoin 2024 conference, Carlson confidently asserted that the world’s largest cryptocurrency was, in fact, a creation of the CIA. “Obviously it was the CIA, we all know that,” Carlson declared to a receptive audience. The claim, while met with laughter by some, has sparked renewed interest in the shadowy figure behind Bitcoin. Carlson’s - [Telegram Launches In-App Browser for Decentralized Web Access](https://news.shib.io/2024/08/01/telegram-launches-in-app-browser-for-decentralized-web-access/): Telegram, a messaging giant known for its amiable crypto policies, introduced an in-app browser that supports decentralized websites called TON Sites. They made this announcement via a blog post on Telegram’s website on Wednesday. This development strives to make Web3 technology accessible to a vast user base of nearly one billion people.  The browser is integrated to adopt Web3 applications, allowing users to access decentralized finance (DeFi), blockchain-based games, and other crypto-related services directly within the Telegram app.  Key Features of the In-App Browser This in-app browser is equipped to handle multiple tabs, enabling users to interact with various decentralized - [Russia Takes Major Steps in Crypto Regulation Amid Evolving Stance](https://news.shib.io/2024/07/31/russia-takes-major-steps-in-crypto-regulation-amid-evolving-stance/): In a massive shift in policy, the Russian government has passed two key bills with regard to cryptocurrency. The first bill, which was already approved by the Lower House, will allow the use of cryptocurrency as a method of payment for international trade.  The second bill aims to legalize cryptocurrency mining within Russia. The Lower House has sent the bill to the Upper House and President. If this is enacted, then this legislation will be marked as a significant policy shift in Russia’s stance with regard to digital assets. Historical Context of Russia’s Crypto Policy Russia has always maintained a - [Exclusive: Flipster CEO on How RWAs are Revolutionizing the Future of Investing](https://news.shib.io/2024/07/31/exclusive-flipster-ceo-on-how-rwas-are-revolutionizing-the-future-of-investing/): Real-World Assets (RWAs) are reshaping the investment landscape, challenging traditional financial models. By bridging the gap between physical and digital assets, RWAs are unlocking new opportunities for investors worldwide. In this exclusive Q&A, we delve into the intricacies of RWAs with Yongjin Kim, CEO of Flipster, a leading cryptocurrency derivatives trading platform. The Shib: How do you see Real-World Assets fundamentally changing the dynamics between traditional finance and the digital asset space? Flipster CEO: “We expect to see a reduction in friction and increase in synergy between the traditional finance and digital asset space, with lower information barriers and enhanced - [The Kendu Spirit!](https://news.shib.io/2024/07/31/the-kendu-spirit/): Read the latest edition of The Shib magazine here. - [Bitcoin and Ethereum Market Analysis for August 2024: A Surge in Trading Opportunities](https://news.shib.io/2024/07/31/bitcoin-and-ethereum-market-analysis-for-august-2024-a-surge-in-trading-opportunities/): Analysts are forecasting a fluctuation for Bitcoin within the range of $62,000 to $73,000, while Ethereum’s could range between $3,000 and $4,200. These projections reveal potential trading opportunities owing to the strengthening trend in the Ethereum and Bitcoin exchange rates.  Impact of Bipartisan Support on Bitcoin and Future Trends for Ethereum ETFs Speaking exclusively to The Shib Daily, Ryan Lee, Chief Analyst at Bitget Research, shared that bipartisan support from both political parties – Democrats and Republicans – could help boost Bitcoin’s value. Regarding Ethereum, Lee anticipates there is a possibility that traditional funds might directly purchase ETH in the - [Bone ShibaSwap: Token Scarcity Hints At Potential Price Surge](https://news.shib.io/2024/07/31/bone-shibaswap-token-scarcity-hints-at-potential-price-surge/): Bone ShibaSwap (BONE) is poised for a potential price surge as a looming token scarcity grips the market. A significant portion of BONE tokens, amounting to around 22% of the circulating supply, is currently locked up, creating a perfect storm for investors. According to data from blockchain analytics platform Arkham Intelligence, around 51 million Bone ShibaSwap (BONE) is currently locked up. When compared to the total circulating supply of roughly 230 million BONE, this represents a substantial 22.17% of the tokens. Consequently, only around 77.83% or approximately 179 million BONE are freely circulating in the market. What does this mean? - [US Government Holds 54 Billion Shiba Inu: Arkham](https://news.shib.io/2024/07/30/us-government-holds-54-billion-shiba-inu-arkham/): The U.S. government wallet currently holds over 54 billion Shiba Inu (SHIB) tokens, valued at approximately $894,270, as per data from blockchain analysis firm Arkham Intelligence. The platform also shows that the government’s holdings include other major cryptocurrencies such as BNB, BUSD, AUSDC, DAI, TRX, and UNI. Arkham also reveals the top Shiba Inu holders. The highest amount of SHIB is stored in the token’s burn address, which holds 410,419,396,908,990.06 SHIB, worth roughly $6.6 billion. This figure accounts for 41.04% of the total circulating supply of SHIB currently in circulation. In the second position is a Binance cold wallet, with - [Trump Collects $25M at Bitcoin Conference 2024](https://news.shib.io/2024/07/30/trump-collects-25m-at-bitcoin-conference-2024/): Republican candidate and former President Donald Trump, in an unprecedented show of financial support from the cryptocurrency community, amassed a staggering $25 million in donations during the Bitcoin Conference 2024.  Held in the bustling heart of Nashville, the event marks Trump’s second-highest fundraiser across his three presidential campaigns, signifying the growing influence of digital currency enthusiasts in the political arena.  The news was shared by Bitcoin Magazine CEO David Bailey, who is working with Donald Trump’s campaign to develop their Bitcoin and cryptocurrency policies. “For those of you who didn’t hear it in Trump’s speech, DJT raised $25m in Nashville. - [Ethereum Turns Nine: Investor Hits $6.77 Million Jackpot, Buterin Charts Network's Future](https://news.shib.io/2024/07/30/ethereum-turns-nine-investor-hits-6-77-million-jackpot-buterin-charts-networks-future/): Vitalik Buterin, co-founder and core developer of Ethereum, leads the global community in celebrating the network’s ninth anniversary. Amid the festivities, an early investor from Ethereum’s initial coin offering (ICO) has made headlines by realizing a $6.77 million windfall from their initial $620 investment. The Ethereum (ETH) community is in a celebratory mood as it marks nine years of growth and innovation. Buterin is leading the festivities, which will culminate in his keynote address at the EDCON 2024 conference in Tokyo. The event promises to offer a glimpse into the future of the Ethereum network. Since its inception in 2015, - [ZKX Announces Shutdown, Cites Low User Engagement and Market Challenges](https://news.shib.io/2024/07/30/zkx-announces-shutdown-cites-low-user-engagement-and-market-challenges/): ZKX, a decentralized perpetual swap protocol built on Starknet, in a surprise announcement on Tuesday, said it is shutting down. The platform, launched in 2021, struggled to gain traction and faced significant financial hurdles. “With much regret, we have to announce the discontinuation of the ZKX protocol,” stated Eduard, founder of ZKX. The announcement cited minimal user engagement and dwindling trading volumes as key factors in the decision. “Our cloud server expenses significantly outpaced revenue, making it impossible to cover salaries and other operational costs,” Eduard, its pseudonymous founder explained. Market Pressures and Token Value Woes The ZKX team attributed - [US Government Transfers $2 Billion in Bitcoin Seized from Silk Road](https://news.shib.io/2024/07/30/us-government-transfers-2-billion-in-bitcoin-seized-from-silk-road/): The United States government has transferred more than $2 billion worth of Bitcoin from wallets associated with the Silk Road dark web marketplace, according to Arkham Intelligence, a blockchain analysis platform focused on deanonymizing blockchain transactions. The Bitcoin was transferred to an unidentified wallet, leaving the audience speculating about the government’s next move.  Currently, it’s not clear whether or not the U.S. plans to sell off the recently transferred Bitcoin. This transfer happened within two days of Republican presidential candidate Donald Trump’s speech at the Bitcoin Conference in Nashville where he promised to create a national “strategic Bitcoin stockpile” if - [Pro-crypto Trump: Highlights from His Bitcoin Conference Speech and Policy Implications](https://news.shib.io/2024/07/29/pro-crypto-trump-highlights-from-his-bitcoin-conference-speech-and-policy-implications/): Donald Trump, the Republican candidate for the U.S. presidential elections, delivered a compelling speech at the Bitcoin 2024 Conference on Saturday, positioning himself as a staunch advocate for cryptocurrency.  Speaking to a packed audience in Nashville, Tennessee, the former president outlined his crypto-related policies and aimed to win over crypto voters by promising regulatory changes and highlighting the strategic importance of Bitcoin. He electrified the crypto community over the weekend with a series of bold promises that could reshape U.S. policy on digital assets. Trump’s address began with a bold promise: firing SEC Chairman Gary Gensler on his first day - [Exclusive- Beat the Crowd: Dominate Shiba Eternity with LEASH](https://news.shib.io/2024/07/29/exclusive-beat-the-crowd-dominate-shiba-eternity-with-leash/): Alright, let’s cut to the chase. Shiba Eternity Web3 version is the big cheese in the Shiba Inu world right now as its about to redefine the collectible card game genre. Everyone’s talking about it, but nobody’s spilling the beans on when it’s actually dropping.  But don’t you worry, we’ve got the lowdown on how to be the ultimate Shiba Eternity game master. Pay attention, because this is important. During an exclusive conversation with the Shiba Games team, its lead, Angel let slip that Shiba Eternity is dropping “this week” on the Shibarium network. Yep, you heard it here first. - [K9 Finance DAO Promotes DeFi Activity on Shibarium with $10,000 Hackathon](https://news.shib.io/2024/07/29/k9-finance-dao-promotes-defi-activity-on-shibarium-with-10000-hackathon/): K9 Finance, Shiba Inu’s DeFi partner and a prominent player in the Shibarium ecosystem, announced its gold sponsorship for ETH Toronto and ETH Women. As part of this program, K9 Finance will sponsor a hackathon event, offering a $10,000 bounty prize pool in KNINE tokens. This will help incentivize innovative projects and tools supporting the Shibarium network.  The hackathon, set to last one month, would consist of the following rewards:  1st Place: $5000 2nd Place: $2500 3rd Place: $1250 Best Learning Tool: $500 Best Analytics Tool: $500 Best Dog-Themed Branding: $250 Judging Criteria and Requirements Projects will be judged on - [Bitcoin Soars to Six-Week High Following Trump's Pro-Crypto Speech](https://news.shib.io/2024/07/29/bitcoin-soars-to-six-week-high-following-trumps-pro-crypto-speech/): Bitcoin surged to a record high of 2.6% since the middle of June after former president and Republican presidential candidate Donald Trump reiterated his pro-crypto stance during his speech at the Bitcoin conference in Nashville. Bitcoin is currently trading at $68,846.08 according to CoinMarketCap data as of 10.48 a.m. EST. Other cryptocurrencies like Ether, Solana, and Dogecoin also traded at higher prices.  Daan Crypto Trades (@DaanCrypto), a full-time crypto trader and investor with a substantial following on X, noted that Bitcoin prices were mostly trading up last week while the stock market went downhill. Typically, this would mean a downsurge - [Elon Musk's X Deletes Crypto Emojis: Crypto Community Baffled](https://news.shib.io/2024/07/29/elon-musks-x-deletes-crypto-emojis-crypto-community-baffled/): Confusion reigned supreme in the crypto world after X, the social media platform owned by Elon Musk, mysteriously wiped away crypto emojis from its interface. The unexpected move, shrouded in secrecy, has left users wondering if this is a sign of a larger shift in the platform’s stance towards cryptocurrencies. Social media platforms have become integral to the spread of information and the formation of online communities. For the crypto world, more than just a platform, X was a digital town square where ideas were exchanged, trends were analyzed, and support networks were formed.  The removal of crypto emojis, often - [Senator Lummis Proposes Bitcoin Reserve to Secure Dollar’s Status as Global Currency](https://news.shib.io/2024/07/29/senator-lummis-proposes-bitcoin-reserve-to-secure-dollars-status-as-global-currency/): Sen. Cynthia Lummis (R-Wyo.) has proposed legislation that would require the U.S. government to acquire 5% of the world’s Bitcoin supply and hold it for at least two decades. This bold move comes amid growing concerns about the dollar’s global dominance and at a time when politicians are increasingly leveraging cryptocurrency to attract voters. Sen. Lummis, a vocal proponent of cryptocurrency, unveiled the ambitious plan to reduce the U.S. national debt during the Bitcoin 2024 conference in Nashville. According to the senator, her proposal, if enacted into law, “can be used for one purpose, to reduce our debt.”  The plan - [The Weekly Meme Digest - July 27, 2024](https://news.shib.io/2024/07/27/the-weekly-meme-digest-10/): Buckle up, buttercup, and grab your popcorn! 🍿 It’s the weekend, which means your favorite Shiba Inu weekend news, The Weekly Meme Digest, is back, unleashing a hurricane of crypto headlines that’ll have you ROFLing! 😂 Forget those stuffy financial reports and dusty economic forecasts; we’re strapping on our rocket boots and blasting off into the wacky world of blockchain, where memes are the new Lambos and laughter is our rocket fuel! 😂🚀 This ain’t your grandma’s financial news, folks. This is crypto news, Shiba Inu style! Get ready for a laughter-filled rollercoaster through the wild world of Bitcoin, Ethereum, - [ETH ETF Drama: Déjà Vu or a Whole New Show? 🍿🎢](https://news.shib.io/2024/07/27/eth-etf-drama-deja-vu-or-a-whole-new-show-%f0%9f%8d%bf%f0%9f%8e%a2/): If you think ETH ETFs are a snoozefest, wake up and smell the popcorn, crypto fam! 🍿  Remember when Bitcoin ETFs launched? $BTC did a nosedive, but then it rocketed to the moon! 🚀 Could ETH be the next big thing? 🤔 📉 The Numbers Game (But Make It Fun) 📉 Day 1: ETH ETFs rake in $107 million… except for Grayscale’s ETHE, which loses a whopping $484 million! 🥴 Day 2: More red ink for ETH ETFs, but ETHE is still the biggest loser. 😂 Day 3: Same story, different day. ETHE keeps on bleeding 🩸. Meanwhile, BTC ETFs - [RFK Jr. Unveils Plan to Bitcoinize America By Executive Order](https://news.shib.io/2024/07/27/rfk-jr-unveils-plan-to-bitcoinize-america-by-executive-order/): Independent presidential candidate Robert F. Kennedy Jr. (RFK Jr.), in a move that makes even the wildest crypto fantasies look tame, just sent shockwaves through the crypto community with a bombshell announcement: he’s on a mission to Bitcoinize America via an executive order if elected. 🇺🇸🚀 Speaking at Bitcoin 2024, RFK Jr., unveiled a radical plan to kickstart his presidency with a series of executive orders that would transform the U.S. financial landscape and make Bitcoin a central part of the American economy. ₿ Forget “Make America Great Again,” it’s all about “Make America Bitcoin” now. 🗽₿ RFK Jr.’s grand - [From Russia with Scams: Is This Crypto's Red Scare?](https://news.shib.io/2024/07/27/from-russia-with-scams-is-this-cryptos-red-scare/): Hold onto your borscht and balalaikas, crypto comrades! 🇷🇺🎶 A new report from TRM Labs reveals that Russian-speaking hackers are the undisputed champions of crypto crime, snatching a whopping 70% of the loot. 😱💰 Forget DeFi, this is more like Da!Fi – Decentralized Finance with a dash of vodka and cyber espionage. 🥂 Hacking Spree: It’s not just your babushka’s computer anymore. 👵💻 These digital da Vincis are behind nearly 70% of all ransomware attacks, raking in over $500 million in 2023. Move over, Bernie Madoff, there’s a new Ponzi scheme in town, and it’s got a Cyrillic keyboard. 💰 - [Marc Andreessen Predicts the End of 9-to-5 Grind... Again? 🤔🤖 Is This Good News for Crypto? 🪙](https://news.shib.io/2024/07/27/marc-andreessen-predicts-the-end-of-9-to-5-grind-again-%f0%9f%a4%94%f0%9f%a4%96-is-this-good-news-for-crypto-%f0%9f%aa%99/): The legendary Marc Andreessen, the man who predicted the rise of the internet (when most of us were still trying to figure out how to dial into AOL 📞), is back with another bold claim: your 9-to-5 job is on its deathbed, thanks to AI. 💀 Why? Because AI is about to make everything dirt cheap! 🤯 Legal advice for the price of a latte? ☕ Medical diagnoses for a song? 🎶 Management consulting for a few pennies? 🪙 Sign us up! But wait, there’s more! 🤯 With AI tools like ChatGPT and Dall-E, everyone will be a creator! 🎨✍️🎤 - [Security Theater: Warren Concerned About Crypto Miners As Threats While the Border Is Wide Open](https://news.shib.io/2024/07/27/security-theater-warren-concerned-about-crypto-miners-as-threats-while-the-border-is-wide-open/): Sen. Elizabeth Warren, the Bitcoin doomsayer, has a new target: foreign crypto miners plotting America’s downfall. Forget espionage and nukes, it’s mining rigs that pose the real threat! Is your retirement portfolio a weapon of mass destruction? 🤔 In a Bond-worthy interrogation, Sen. Warren grilled Paul Rosen, Assistant Secretary for Investment Security at the Department of the Treasury about foreign-owned crypto mines. Secret lairs for digital supervillains, plotting to sabotage our power grid and loot our bitcoins? 🤔 Is Sen. Warren onto something, or has she been binge-watching spy flicks? 🕵️‍♀️ Armed with a blockchain dossier, Sen. Warren dropped a - [Exclusive - Shyjitsu: Shiba Eternity Team Hypes Stealth Masters With Rapid Strike Abilities](https://news.shib.io/2024/07/26/exclusive-shyjitsu-shiba-eternity-team-hypes-stealth-masters-with-rapid-strike-abilities/): The Shiba Eternity team has been on a roll. After recently hyping Woof Chun to Shiba Eternity fans, they have now highlighted the combat abilities of the Shyjitsu masters. The Shyjitsu masters are unique in their own way, with stealth and rapid strike abilities. They add a new layer to game strategy — helping take the Shiba Eternity game to a whole new level of nail-biting excitement and sophistication. On Thursday, the team highlighted the abilities of these class of adepts in an X post: “Evasive masters of stealth who aim to defeat any opponent with a series of swift - [Shiba Inu on Fire: Whale Activity Up 62%, Shibarium Contracts Explode Triple-Digit](https://news.shib.io/2024/07/26/shiba-inu-on-fire-whale-activity-up-62-shibarium-contracts-explode-triple-digit/): The Shiba Inu ecosystem is ablaze with activity as a recent surge in whale transactions, up a staggering 62%, coincides with an explosive 350% increase in new contracts on the Shibarium layer-2 network. After days of trading in the red, the cryptocurrency market has suddenly turned bullish, with several assets, including Shiba Inu (SHIB), experiencing significant gains.  This recent price surge in SHIB aligns perfectly with a dramatic 62% increase in daily whale transactions, surpassing $30 million in the last 24 hours alone, according to data from IntoTheBlock.  This surge in activity from large holders, coupled with the broader market - [India's Crypto Businesses Welcome Government's Offer to Bring Clarity to Tax Regime, Regulations](https://news.shib.io/2024/07/26/indias-crypto-businesses-welcome-governments-offer-to-bring-clarity-to-tax-regime-regulations/): The Indian crypto business community has welcomed the promise from a top finance ministry official to bring clarity to the current crypto tax regime by September. A top crypto business association called it an important step in bringing regulatory certainty for the digital asset industry in India. The Indian government’s annual budget presented earlier this week left crypto investors in the country frustrated as it offered no steps to make the tax regime friendlier or offer any clarity on regulation. But Economic Affairs Secretary Ajay Seth told a media outlet on Thursday that the finance ministry will publish a “discussion - [Shiba Inu Orders Skyrocket 76%, Signaling Massive Adoption Wave](https://news.shib.io/2024/07/25/shiba-inu-orders-skyrocket-76-signaling-massive-adoption-wave/): Shiba Inu is experiencing an unprecedented surge in adoption, as evidenced by a staggering 76% increase in orders during the first quarter of 2024. This remarkable growth underscores the expanding acceptance of SHIB as a viable form of payment and investment, driven by both the passionate Shiba Inu community and the coin’s growing utility in various sectors. Web-based crypto payments solution Coingate, in a report titled “CoinGate’s Crypto Payments Report & Industry Insights (H1 2024),” designed to examine trends in cryptocurrency payments using CoinGate payment gateway data, revealed an interesting information about Shiba Inu. The report revealed that “SHIB orders - [Shiba Inu Nears Crucial Support, Price Revesal Imminent: Crypto Analyst](https://news.shib.io/2024/07/25/shiba-inu-nears-crucial-support-price-revesal-imminent-crypto-analyst/): Shiba Inu is poised for a major comeback, a crypto analyst predicts, as SHIB approaches a critical support level that could trigger a massive price reversal. On Thursday, crypto analyst Crypto Sheriff (@Gem_Sheriff on X) issued a bullish prediction about Shiba Inu. They said, “SHIB is at major support level again! The graph should reverse from here! Dips often mean new opportunities! LFG!” The X post came with a chart showing the price movement of Shiba Inu against USDT (Tether) on the Binance platform. Key details from the chart include: The chart and text together suggested a positive outlook for - [Trump Crypto Strategy Pays Off with Over $4 Million in Cryptocurrency Donations](https://news.shib.io/2024/07/25/trump-crypto-strategy-pays-off-with-over-4-million-in-cryptocurrency-donations/): Donald Trump’s recent efforts to attract cryptocurrency enthusiasts appear to be paying off, as he has raised over $4 million in Bitcoin and other cryptocurrencies. Leading the charge in crypto donations to Trump’s campaign, Gemini exchange founders and billionaires Tyler and Cameron Winklevoss each contributed over $1 million worth of Bitcoin, exceeding federal limits and resulting in partial refunds. Their substantial investment highlights the growing influence of crypto billionaires in shaping political landscapes. This wave of crypto support extends beyond the Winklevoss twins. Mike Belshe, CEO of BitGo, contributed $50,000 in Bitcoin, while Kraken founder Jesse Powell made a significant - [India to Clarify on Its Cryptocurrency Policy by September](https://news.shib.io/2024/07/25/india-to-clarify-on-its-cryptocurrency-policy-by-september/): India aims to explain its policy stance on cryptocurrencies before September, a top government official has said. The Indian government was expected to make changes to its highly unfriendly tax regime for crypto investors in its annual budget presented Tuesday. But the budget made no such mention, leaving investors frustrated. The finance ministry will publish a “discussion paper” on crypto policy, outlining its stance on regulation and inviting comments on the same, Economic Affairs Secretary Ajay Seth said in an interview with Moneycontrol.com. He said cryptocurrencies in India are mostly regulated for anti-money laundering and electronic funds transfer. India’s central - [Shiba Eternity Sparks Excitement with Tweet on Combat Discipline Woof Chun](https://news.shib.io/2024/07/25/shiba-eternity-sparks-excitement-with-new-combat-discipline-woof-chun/): Shiba Eternity fans are abuzz about Woof Chun, a class of masters reputed for their aggressive and fast-paced combat tactics. The Shiba Eternity game features over 500 unique cards and six versatile disciplines: Chewjitsu, Taikwondoje, Ryo Chi, Bite Thai, and Shyjitsu, in addition to Woof Chun. The game development team’s announcement on Woof Chun has fueled excitement and anticipation throughout the community. On X, the team wrote, “Woof Chun — Eager challengers that aim to finish a fight faster than anyone else. Woof Chun Masters focus on doing incredible amounts of damage before their opponent can retaliate.” One of their - [Majority of SHIB Holders Remain Profitable, Shiba Inu Whales Make Waves Amid Market Retracement](https://news.shib.io/2024/07/25/majority-of-shib-holders-remain-profitable-shiba-inu-whales-make-waves-amid-market-retracement/): As the broader cryptocurrency market experiences a pullback from its recent weekend rally, Shiba Inu (SHIB) is witnessing a surge in activity from large-scale investors known as “whales.” Despite the recent price dip, data reveals that a significant majority of SHIB holders remain in profit, Whales Boost SHIB Confidence: On-chain data from data science company IntoTheBlock revealed a significant spike in large transactions involving SHIB tokens worth $100,000 or more. The value of these transactions surged from $10.18 million (558.73 billion SHIB) on Sunday to a staggering $37.57 million (2.14 trillion SHIB) by Monday.  This represents a remarkable increase of - [Shiba Inu Defies Market Downturn As Its Key Metric Soars by Double-Digits](https://news.shib.io/2024/07/25/shiba-inu-shib-defy-market-downturn-as-its-key-metric-soars-double-digit/): Shiba Inu (SHIB) is witnessing a remarkable surge in trading activity, with volumes skyrocketing by 21.79% to reach $324,564,113 in the last 24 hours. This impressive increase comes despite a recent dip in SHIB’s price to $0.00001732, reflecting a 1.93% decline amidst broader volatility within the meme coin sector. Trading Frenzy Amidst Market Woes Shiba Inu’s 24-hour trading volume skyrocketed by 21.79% to reach $324,834,788, defying a broader downturn in the cryptocurrency market. This surge in activity comes despite a 6.06% drop in SHIB’s price to $0.00001627 in the last 24 hours, with further declines of 6.34% over the past - [Exclusive Interview/ D3 CEO: '*SHIB Name Tokens the Future of Crypto Security & Identity'](https://news.shib.io/2024/07/24/exclusive-interview-d3-ceo-shib-name-tokens-the-future-of-crypto-security-identity/): Shiba Inu, in a bold move to fortify the crypto world against escalating threats, partnered with D3 to introduce *SHIB name tokens. This revolutionary innovation promises to redefine how users interact with digital assets and identities. We interviewed Fred Hsu, co-founder and CEO of D3, to explore the transformative potential of SHIB name tokens in safeguarding the crypto ecosystem and empowering users. The Shib: With the rise of hacks and exploits targeting centralized crypto platforms, how do you see *SHIB name tokens playing a crucial role in enhancing the security and resilience of the crypto ecosystem? Can you elaborate on - [Exclusive Interview/ Dr Rand Hindi on Zama's Vision for Shiba Inu Privacy Through FHE](https://news.shib.io/2024/07/24/exclusive-interview-dr-rand-hindi-on-zamas-vision-for-shiba-inu-privacy-through-fhe/): Shiba Inu is venturing into the realm of advanced cryptography with a groundbreaking partnership. Zama, a pioneering company specializing in Fully Homomorphic Encryption (FHE), has joined forces with Shiba Inu to elevate privacy and security within the ecosystem. We sat down with Dr. Rand Hindi, CEO and co-founder of Zama, to delve into the intricacies of FHE, its potential impact on Shiba Inu, and the broader implications for the future of data privacy. The Shib: Could you explain FHE in simple terms for our readers? How does it differ from traditional encryption methods, and why is it considered a revolutionary - [FORTRESS SHIB](https://news.shib.io/2024/07/24/fortress-shib/): Read the latest edition of The Shib magazine here. - [Ethereum ETF Launch Day Sees $1B in Trading, Net Inflow of $106.7M](https://news.shib.io/2024/07/24/ethereum-etf-launch-day-sees-1b-in-trading-net-inflow-of-106-7m/): Ethereum exchange traded funds began trading in the U.S. on Tuesday, marking a significant milestone in the crypto landscape. It started with a remarkable $1.07 billion in shares changing hands in the products, showcasing an active investor interest.  Grayscale’s Ethereum Trust, iShares Ethereum Trust (ETHA.0), and Fidelity Advantage Ether ETF (FETH.Z) were the most actively traded ones. Grayscale led with a turnover of $450 million, followed by iShares at $245 million, and Fidelity at $137 million.  Franklin Templeton, VanEck, Bitwise, 21Shares, and Invesco also were approved to launch ETFs on Monday. The launch of the first Ether ETF has been - [Choose Your Color, Shib Army: Is SHIB Next in Ferrari's Crypto Race to Europe?](https://news.shib.io/2024/07/24/choose-your-color-shib-army-is-shib-next-in-ferraris-crypto-race-to-europe/): Italian luxury vehicle maker Ferrari has announced the expansion of its cryptocurrency payment system to its European dealer network, starting at the end of July 2024.  Ferrari’s announcement of cryptocurrency payment expansion to European dealerships has the Shiba Inu community excited. This followed a successful rollout in the United States, aimed at better catering to the evolving preferences of its discerning clientele. The initial rollout in the U.S. saw Ferrari partner with BitPay, a leading cryptocurrency payment processor, enabling customers to purchase luxury vehicles using Bitcoin, Ethereum, and USD Coin. While the European expansion hasn’t explicitly named which specific cryptocurrencies - [Hong Kong's CSOP Asset Management Unveils Asia's First Inverse Bitcoin ETF](https://news.shib.io/2024/07/24/hong-kongs-csop-asset-management-unveils-asias-first-inverse-bitcoin-etf/): Hong Kong’s CSOP Asset Management introduced the region’s first Bitcoin Futures Inverse ETF on the Hong Kong Stock Exchange (HKEX) on Tuesday. This product marks a massive development in the cryptocurrency market, providing investors with a new tool to capitalize on declines in Bitcoin’s price. The CSOP Bitcoin Futures Daily (-1x) Inverse Product aims at long-term capital growth and invests in CME Bitcoin Futures primarily. Its operations include employing an investment strategy which is actively managed. The ETF also does not track any specific index or benchmark. This provides room for an investment strategy which is flexible, even though its - [Shibarium Gets a Boost: Bad Idea AI Integration Sparks Innovation in Crypto & AI](https://news.shib.io/2024/07/24/shibarium-gets-a-boost-bad-idea-ai-integration-sparks-innovation-in-crypto-ai/): Shibarium, the innovative layer-2 scaling solution for Shiba Inu, proudly announced the integration of Bad Idea AI ($BAD) onto its platform.  Bad Idea AI ($BAD), a decentralized ecosystem merging artificial intelligence (AI), blockchain, and decentralized autonomous organizations (DAOs), is a partner of the Shiba inu ecosystem. This latest development marks a significant step towards a more decentralized and innovative future for both communities. Christopher “CJ” Johnson, PhD., the listing manager for Bad Idea AI, expressed his enthusiasm: “We’re super excited about bringing Bad Idea AI ($BAD) onto Shibarium! This move is a big deal for us as it means faster, - [WazirX Offers $23M Bounty to Recover $234M in Stolen Assets Following Major Hack](https://news.shib.io/2024/07/23/wazirx-offers-23m-bounty-to-recover-234m-in-stolen-assets-following-major-hack/): Indian crypto trading platform WazirX offered a $23 million bounty in order to get a hold of the stolen assets valued at $234 million. Nischal Shetty, co-founder of WazirX, recently announced that the amount was set as part of the exchange’s “bounty program”.  This initiative, which was originally set at $11.5 million, is designed to recover the $234 million assets which were stolen in the recent hacker attack. “The total bounty has been updated to $23M thanks @zachxbt for the suggestion,” Shetty said. In a post on X, WazirX announced the details of the bounty program to recover the stolen - [India's Unchanged Crypto Tax Rules in 2024-2025 Budget Spark Outrage Online](https://news.shib.io/2024/07/23/indias-2024-25-budget-leaves-crypto-tax-rules-intact-stirs-mixed-reactions/): India’s latest budget announcement created fury among the crypto clan, majorly because the controversial tax regime for cryptocurrencies remained unaltered. Despite consistent pleading from the community the 2024-2025 Budget upheld the existing rules, causing furore and disappointment among the crypto space on social media platforms. Finance Minister Nirmala Sitharaman unveiled the full Budget 2024-2025 on Tuesday at the Indian Parliament, following an Interim Budget presented in February. Dilip Chenoy, Chairperson of the Bharat Web3 Association, expressed both optimism and concern following the budget announcement. “We were hoping for some relaxation to the taxation framework on VDAs in this budget,” Chenoy - [Shiba Inu Sheds Old Fur as Memecoins Fuel Crypto Boom](https://news.shib.io/2024/07/23/shiba-inu-sheds-old-fur-as-memecoins-fuel-crypto-boom/): Shiba Inu is experiencing a shift in perception amid the broader crypto boom fueled by its playful counterparts. As memecoins continue to captivate the crypto community’s attention and investments, Shiba Inu is breaking free from its “joke token” image as industry analysts and experts increasingly recognizing SHIB’s potential for sustained growth and its staying power beyond the initial hype. The Tail-Wagging Why: A recent report from Binance Research titled “Half-Year Report 2024” revealed that memecoins have dominated the crypto market this year, driving substantial trading activity and capturing widespread attention. “Memecoins have driven a significant amount of activity among traders - [Ethereum ETF Launch Ignites Frenzy, Market Braces for 'Sell the News' Risk](https://news.shib.io/2024/07/23/ethereum-etf-launch-ignites-frenzy-market-braces-for-sell-the-news-risk/): Crypto investors are bracing for a potentially wild ride as the first spot Ethereum ETF products launch on Tuesday. The highly anticipated debut of these exchange-traded funds, designed to track the real-time price of Ethereum, has ignited excitement and trepidation in equal measure, with the possibility of a “sell the news” event looming large over the market. The Tail-Wagging Why: While the initial excitement surrounding the launch suggests strong demand, the crypto market is known for its volatility and unpredictability. A key question looms: Could this much-anticipated event become a “sell the news” scenario, where prices dip after the initial - [Shiba Inu 'Not Done Yet,' Primed To Repeat History – Analysts Bullish on SHIB's Resurgence](https://news.shib.io/2024/07/22/shiba-inu-not-done-yet-primed-for-repeat-history-analysts-bullish-on-shibs-resurgence/): Shiba Inu (SHIB) is not done yet and is poised for a comeback, with analysts predicting a repeat of its historic 2021 surge. The meme coin, once dismissed as a fleeting trend, is showing signs of renewed vigor, sparking bullish sentiment among investors. Despite experiencing a recent downtrend caused by the controversial WazirX security breach where the malicious actor siphoned over $200 million in crypto, majority of which are SHIB, Shiba Inu started to show bullish movements shortly a few hours after the incident.  The Tail-Wagging Why: Crypto analyst and DeFi entrepreneur Elja Boom (@Eljaboom on X) recently shone a - [Trump's Bitcoin Fundraiser Sets $844,600 Ticket Price, Includes Roundtable Access and Photo Ops](https://news.shib.io/2024/07/22/trumps-bitcoin-fundraiser-sets-844600-ticket-price-includes-roundtable-access-and-photo-ops/): Donald Trump is hosting a campaign fundraiser in Nashville, Tennessee, in the wake of the Bitcoin Conference 2024. The event features a top-tier ticket priced at $844,600 per person and coincides with Trump’s keynote address at the Bitcoin 2024 Conference. The highest-priced tickets, which include a seat at a roundtable with Trump, are set at the maximum donation limit allowed for individuals to contribute to Trump and the Republican Party’s primary joint fundraising committee called the Trump 47 Committee. At the next level down, people can take a photo with the Republican presidential candidate at $60,000 per person or $100,000 - [POTUS Biden Shock Withdrawal from 2024 Race Triggers Crypto Market Turmoil and Rapid Recovery](https://news.shib.io/2024/07/22/joe-biden-shock-withdrawal-from-2024-race-triggers-crypto-market-turmoil-and-rapid-recovery/): President Joe Biden’s unexpected withdrawal from the 2024 presidential race sends shockwaves through the financial world, triggering a dramatic drop in cryptocurrency values. In a surprise move, U.S. President Joe Biden announced his withdrawal from the race via social media on Sunday. This unexpected decision sent shockwaves through the crypto market, already jittery due to the administration’s tough stance and recent regulatory crackdowns. Biden’s administration has led a campaign to rein in the crypto industry, with the SEC implementing strict measures against several businesses and personalities. This aggressive approach had already created uncertainty and volatility in the market, but Biden’s - [Shytoshi Kusama Confirms Community Exposé of Major Exchange's Treat Token Blunder Amid Ongoing #TreatYourself Campaign](https://news.shib.io/2024/07/22/shytoshi-kusama-confirms-community-expose-of-major-exchanges-treat-token-blunder-amid-ongoing-treatyourself-campaign/): Shiba Inu’s lead developer, Shytoshi Kusama, exposed a major error made by cryptocurrency exchange Crypto.com, involving a misleading link to a “Treat” token not officially associated with the Shiba Inu ecosystem. This revelation came at a critical time for the Shiba Inu community, as the development team is currently trotting the globe in a campaign dubbed “TREAT Yourself.” This initiative, according to Kusama, aims to facilitate in-person meetings with members of the Shib Army in various locations, highlighting the importance of the TREAT token. The Tail-Wagging Why: TREAT, the token in question, is planned to be introduced into the Shiba - [Shiba Inu Shakes Up Crypto Market, Surpasses Bitcoin and Ethereum in Gains](https://news.shib.io/2024/07/21/shiba-inu-shakes-up-crypto-market-surpasses-bitcoin-and-ethereum-in-gains/): Shiba Inu, the popular memecoin is proving that it’s no joke, outperforming both Bitcoin and Ethereum in a remarkable display of one-week and year-to-date market gains. A recent report by Grayscale Investments, an American digital currency asset management company, analyzed the top 10 crypto assets by market capitalization and revealed that Shiba Inu experienced a remarkable 136% surge in value over the past week. This performance dwarfed the 11.2% and 9.5% gains seen by Bitcoin (BTC) and Ethereum (ETH), the top 2 crypto assets in the world by market capitalization, respectively. The Tail-Wagging Why: During the week of July 7-17, - [Weekly Meme Digest - July 20, 2024](https://news.shib.io/2024/07/20/weekly-meme-digest/): Welcome back, meme lords and ladies! We know you’ve been patiently waiting (or maybe not so patiently 😜) for your weekly dose of crypto chaos, Shiba Inu style. So, grab your popcorn 🍿, snuggle up with your favorite meme coin plushie, and prepare to embark on a wild ride through the cryptoverse! 🎢 This week, we’re serving up a meme-tastic feast that’ll leave you ROFLing and scratching your head in equal measure. 😂🤯 We’ve got everything from Web3 throwing shade at Microsoft’s Web2 ways (oh snap! 🔥) to a $230 million crypto blame game that’ll make your head spin. 😵‍💫 - [Windows Weeping, Web3 Winning: A Big Tech Fumble Fuels Crypto Cheers](https://news.shib.io/2024/07/20/windows-weeping-web3-winning-a-big-tech-fumble-fuels-crypto-cheers/): The world is holding its breath, not because of an alien invasion 👽 or a zombie apocalypse 🧟, but because Microsoft Windows, the backbone of, well, everything 💻, decided to take an unscheduled nap 😴. Hospitals 🏥, banks 🏦, airports ✈️, even TV broadcasters 📺 — all victims of this unexpected digital slumber party. It seems a rogue update from cybersecurity firm CrowdStrike is the culprit behind this global tech tantrum 😬. But wait, there’s a silver lining! While the centralized world crumbles 🏚️, the decentralized one stands tall 💪. Bitcoin ₿, Ethereum 🔷, and the rest of the crypto - [WazirX vs Liminal Custody: The $230M Crypto Blame Game](https://news.shib.io/2024/07/20/wazirx-vs-liminal-custody-the-230m-crypto-blame-game/): The real crypto drama is unfolding between WazirX and Liminal Custody, two companies currently engaged in a world-class finger-pointing competition after a casual $230 million 💸💸💸 vanished into the blockchain abyss. 💨 Poof! Here’s the lowdown: WazirX claimed Liminal’s interface was glitching harder than a Bitcoin miner in a heatwave, 🥵 misleading them into authorizing a heist worthy of a Hollywood blockbuster. 🎬 Liminal, on the other hand, insisted their security is tighter than a Scrooge McDuck vault, 🏦 and WazirX’s internal systems are more porous than a Swiss cheese factory. 🧀 Adding a spicy twist to this already juicy - [Buying the Dip: Courting Risk or a Stroke of Genius?](https://news.shib.io/2024/07/20/buying-the-dip-courting-risk-or-a-stroke-of-genius/): Crypto holders buying the dip—it’s a tale as old as time. When the market takes a nosedive, these brave souls are always ready to swoop in to have their share of that market-generated discount! 🤑 It’s a risky move at times, but as the saying goes, fortune favors the bold (and the patient HODLer). 😋 Newbies in crypto—and probably even normies—hear “buy the dip” whenever somebody starts yapping about crypto 101. 🗣️📣 While this article is strictly NFA, it’s as handy as it can get. As Winston Churchill said, “Success is not final, failure is not fatal: It is the - [Mark Cuban: Crypto's Biggest or Bitcoin's Believer?](https://news.shib.io/2024/07/20/mark-cuban-cryptos-biggest-or-bitcoins-believer/): Remember when Mark Cuban said he’d rather have bananas than Bitcoin? 🍌🤣 He didn’t stop there. Cuban likened Bitcoin enthusiasts to gold bugs, saying both were basically cultists. “Gold is a religion,” he quipped, suggesting that neither gold nor Bitcoin would save you in a financial apocalypse. But wait! Fast forward a few years and suddenly Cuban’s singing a different tune. Despite his earlier disdain, he’s invested in various crypto businesses and even dabbled in Bitcoin himself. 🤔💰 Well, it seems the billionaire “Shark Tank” investor has done a full 180°, now singing Bitcoin’s praises like a choirboy on Sunday - [The Crypto Civil War on Politics: Are You Team Buterin or Team Hoskinson?](https://news.shib.io/2024/07/20/the-crypto-civil-war-on-politics-are-you-team-buterin-or-team-hoskinson/): In the grand theater of crypto, where every day is a drama-filled episode, two titans have emerged to grapple with the age-old question: Should we base our political choices on who loves our beloved Bitcoin more? 🤔❤️₿ Vitalik Buterin, the Crypto Philosopher King 📜🧠: This guy, with his Ethereum empire and wisdom beyond his years, wants us to slow down our crypto-crazed hearts, and think. Don’t just vote for someone because they tweet about Bitcoin he cried! 😱 Vitalik urged us to look beneath the shiny exterior and see if these politicians actually understand the blockchain gospel of decentralization, privacy, - [CBOE Confirms Potential Approval and Launch of Five ETH ETF Proposals On Tuesday](https://news.shib.io/2024/07/20/cboe-confirms-potential-approval-and-launch-of-five-eth-etf-proposals-on-tuesday/): The Chicago Board Options Exchange (CBOE), the largest options exchange in the United States, has officially announced the potential approval and launch of five spot Ethereum exchange-traded fund (ETH ETF) proposals as early as Tuesday, July 23, pending regulatory approval. This move could mark a significant milestone for the cryptocurrency industry and potentially open the floodgates for widespread institutional adoption. The Announcement: The CBOE has officially listed five ETH ETF applicants on its website: 21Shares’ CETH, Fidelity’s FETH, Franklin Templeton’s EZET, Invesco’s QETH, and VanEck’s ETHV. This confirmation follows earlier reports and the recent filing of amended S-1 forms by - [Major US Bank Bets Big on Crypto with 20% Wealth Allocation to Bitwise ETF, CEO Confirms](https://news.shib.io/2024/07/20/major-us-bank-bets-big-on-crypto-with-20-wealth-allocation-to-bitwise-etf-ceo-confirms/): A major US bank has made a significant move into the cryptocurrency market, allocating a fifth of its wealth management portfolio to an exchange-traded fund (ETF).  The Big Bet: Hunter Horsley, the Chief Executive Officer of Bitwise Asset Management and co-founder of the 5-year-old firm, shared on Friday that he received a report about a major U.S. bank that has invested in a Bitwise exchange-traded fund (ETF) through 20% of its wealth management branches. Bitwise Asset Management, the provider of the ETF, through its CEO, confirmed the bank’s involvement but did not disclose its identity and instead noted that, “Bitcoin - [SBI VC Trade Launches Lending Campaign for SHIB, Signaling Increased Adoption in Japan's Crypto Market](https://news.shib.io/2024/07/19/sbi-vc-trade-launches-lending-campaign-for-shib-signaling-increased-adoption-in-japans-crypto-market/): SBI VC Trade, the cryptocurrency arm of Tokyo-based financial conglomerate SBI Holdings, recently announced its lending campaign for Shiba Inu (SHIB). Those looking to capitalize on the second-largest meme coin can earn a 1.3% annual interest rate. Applications must be submitted by August 1 for the lending period that will run until August 29. This rate is notably higher than those offered by other cryptocurrencies such as Chainlink (LINK) and Litecoin (LTC), which are usually around 0.5%, and XRP, which normally sits at 0.1%. Known as VC Trade Lending, the lending service offering this program made its debut in November - [Vitalik Buterin Warns Against Blindly Supporting Pro-Crypto Politicians, Emphasizes Broader Political Awareness](https://news.shib.io/2024/07/19/vitalik-buterin-warns-against-blindly-supporting-pro-crypto-politicians-emphasizes-broader-political-awareness/): Vitalik Buterin, co-creator of Ethereum, warned against voting for candidates who express their fondness for crypto in the upcoming U.S. presidential elections. He mentioned that politics is far more complicated than the winner of the next election, and it affects a lot of other levers. In his blog, Buterin revealed that blockchain was not the ideology behind building and creating crypto. In fact, he said what created crypto originally was the cypherpunk movement – a loosely organized group of people who spoke about cryptography and protecting individual freedoms in the digital age.  He then alluded to Satoshi Nakamoto, the pseudonymous - [Shiba Inu, the 'Locomotive of Memecoins,' Primed for a Bull Run: Crypto Analyst](https://news.shib.io/2024/07/19/shiba-inu-the-locomotive-of-memecoins-primed-for-a-bull-run-crypto-analyst/): Shiba Inu is the “locomotive of memecoins.” That’s the recent statement from a renowned crypto analyst who earlier this week made a forecast that SHIB is primed for a “bull run.” Shiba Inu is currently facing a challenging week as it grapples with the aftermath of a major security breach at WazirX, an Indian crypto exchange. Despite this, crypto analyst Crypto Sheriff (@Gem_Sheriff on X) shared on a recent X post an optimistic view of the world’s second largest dog-themed altcoin by market capitalization. The Tail-Wagging Why: In the post, the crypto analyst expressed his belief on the resilience of - [Shiba Inu Gets Major Nod from Crypto Exchange Giant in Latest Video](https://news.shib.io/2024/07/19/shiba-inu-gets-major-nod-from-crypto-exchange-giant-in-latest-video/): Shiba Inu is stealing the spotlight, landing a starring role in a major crypto exchange’s 8th anniversary video. The playful anniversary video, shared on X by Crypto.com, celebrated the evolution of meme coins from niche jokes to in-demand assets, highlighting the crypto community’s crucial role in this transformation. However, the subtle emphasis on Shiba Inu, which bookends the video with prominent appearances, suggests a deeper acknowledgment of the meme coin’s growing influence and potential within the industry. The Key Takeaway: Crypto.com’s decision to feature SHIB prominently in its anniversary video alongside established cryptocurrencies is a significant moment for the meme - [SHIB Plunges Following WazirX Attacker's Selloff; Shib Army Remains Resilient](https://news.shib.io/2024/07/18/shiba-inu-price-plunges-after-wazirx-hack-shib-army-urged-not-to-panic/): Within a few hours of the WazirX security breach, popular dog-themed altcoin Shiba Inu (SHIB) has taken a nosedive, plummeting to 7.3% as of press time. The significant decrease in price may have been caused by the hacker selling off the stolen SHIB tokens. However, the SHIB community is standing as robust as it seems. Lucie, Shiba Inu’s marketing lead, took to X to reveal that SHIB is “a different caliber,” nothing can stop it from reaching its goals, and it can withstand any hurricane.  She quoted the financial services platform Lookonchain. “WazirX Exploiter has sold all 5.43T $SHIB for - [India's WazirX Exchange Breached, Hacker Siphons Off $230M in Crypto](https://news.shib.io/2024/07/18/indias-wazirx-exchange-breached-hacker-siphons-off-230m-in-crypto/): WazirX, an Indian crypto exchange, faced a security breach and lost more than $230 million on Thursday. The breach impacted one of the exchange’s wallets, resulting in the loss of significant user funds, including about $100 million in SHIB.  WazirX posted on X to announce the breach at noon local time: “Update: We’re aware that one of our multisig wallets has experienced a security breach. Our team is actively investigating the incident. To ensure the safety of your assets, INR and crypto withdrawals will be temporarily paused. Thank you for your patience and understanding. We’ll keep you posted with further - [Shiba Inu Classified As A 'Big Whale' Investment With 'Tech Stock' Fundamentals Amid Predicted Super Cycle](https://news.shib.io/2024/07/18/shiba-inu-classified-as-a-big-whale-investment-with-tech-stock-fundamentals-amid-predicted-super-cycle/): A renowned crypto analyst recently stirred the pot on X (formerly Twitter), when they point out that Shiba Inu (SHIB) is not just a meme coin but a legitimate investment for “big whales” – those with substantial crypto holdings and have “fundamentals” just like “normal tech coins.” This comes amid their prediction of a meme coin “super cycle,” a period of increased interest and investment in these often volatile assets. Crypto analyst Altcoin Sherpa (@AltcoinSherpa on X) shared with their around 218,000 X followers this week some gems about meme coins and its current state in the wider cryptocurrency industry. - [What's Cooking in the Shiba Eternity Dojo? Surprise Drop Fuels Speculation](https://news.shib.io/2024/07/18/whats-cooking-in-the-shiba-eternity-dojo-surprise-drop-fuels-speculation/): Holy Shiba Inu coin, Batman! Shiba Games, the team behind the collectible card game Shiba Eternity, just unleashed a cryptic tweet that sent the Shib Army into a frenzy of wild speculation and howling excitement. On Wednesday, the official X account of Shiba Eternity introduced “Chewjitsu.” which it described as “Brave students of Martial Arts who focus on using a wide array of skills to win a battle. Chewjitsu Masters specialize in having an answer to every problem and making sure they have enough cards to pull it off.” Based on the post, Chewjitsu is less about brute force and - [Shiba Inu 'Inevitable Bull Run' Could Propel Prices Over 350% to Record Highs, Analysts Predict](https://news.shib.io/2024/07/17/shiba-inu-inevitable-bull-run-could-propel-prices-over-350-to-record-highs-analysts-predict/): Shiba Inu could potentially experience an impressive surge, exceeding 350%, to reach new record highs. This bullish forecast hinges on recent technical analysis indicating a significant upward trend in SHIB’s price, suggesting a promising future for the popular cryptocurrency. Shiba Inu currently shows a double-digit surge over the past seven days, a price movement previously predicted by notable crypto traders and analysts. But, it appeared that this is just the start of a rather more bullish movement from the world’s second-largest dog-themed altcoin if the recent forecast of crypto analyst JavonMarks (@JavonTM1 on X) is anything to go by. In - [Crypto Market Abuzz with Anticipation Over Fed Rate Cut: What It Means for Investors](https://news.shib.io/2024/07/17/crypto-market-abuzz-with-anticipation-over-fed-rate-cut-what-it-means-for-investors/): Speculation in the crypto space has emerged following Federal Reserve Chairman Jerome Powell’s recent statement regarding a probable interest rate cut. He delivered a crucial message to investors during his speech at the Economic Club of Washington, D.C. on Monday. In his speech, Powell hinted that the Fed might reduce interest rates right before inflation reaches its target of 2% (as decided by the central bank after a breakout surge during the pandemic). But how will the reduction in interest rate affect the crypto space? Some of the reasons could be related to various factors like increased liquidity, hedge appeal, - [Exclusive Interview: Exploring the Future of DeFi with K9 Finance Experts](https://news.shib.io/2024/07/17/exclusive-interview-exploring-the-future-of-defi-with-k9-finance-experts/): Decentralized finance (DeFi) is poised to revolutionize the global financial landscape. To gain insights into this transformative technology, The Shib Daily sat down with experts from K9 Finance, the official Liquid Staking Derivative platform of Shibarium, for an exclusive Q&A. The Shib: Given the evolving regulatory landscape surrounding cryptocurrencies and DeFi, what specific frameworks or approaches do you believe would strike the right balance between fostering innovation and protecting consumers? Buzz (K9 Finance): “With nascent technologies, you’re always going to have a changing regulatory landscape with new rules and parameters…The Web3 regulatory landscape will continue to evolve, but to have - [DeFi-ing Gravity](https://news.shib.io/2024/07/17/defi-ing-gravity/): Read the latest edition of The Shib magazine here. - [Web3 Innovator AIRian Announces AIR Token Listing on Multiple Exchanges](https://news.shib.io/2024/07/16/web3-innovator-airian-announces-air-token-listing-on-multiple-exchanges/): AIRian, a pioneering Web3-based community project, announced Tuesday the details of the initial listing for $AIR, its governance token, on Gate.io, GOPAX, and Ape Terminal. The AIR token runs on the Ethereum blockchain and has a total supply of 1,000,000,000. Currently, the project’s valuation is $60,000,000 with an initial market cap of $2,205,000. Gate Startup, Gate.io’s token launch platform, shared the listing announcement and the mechanics for a $2,000 giveaway on X. “#Gateio New Listing Celebration: $AIR share up to $2,000 Giveaway! 1️. Follow @Gateio_Startup & @air_airofficial. 2. RT, Tag 3 friends. 3. Fill in the form: https://gate.io/questionnaire/4756 ⏳End at 09:00am, Jul - [Shiba Inu Visionary Unveils Key Updates on Ecosystem's Progress](https://news.shib.io/2024/04/22/shiba-inu-lead-developer-unveils-key-updates-on-projects-progress/): Shytoshi Kusama, the pseudonymous lead developer of the Shiba Ecosystem, in a recent engaging update, has provided a tantalizing glimpse into the current progress and plans of the Shiba Inu team’s projects, igniting excitement and curiosity among the Shib Army. Unexpected Insights Amid his hectic schedule filled with development and strategic planning, Kusama made an unexpected appearance over the weekend in the Shibarium Tech official group. Known for their cryptic messages and sporadic updates, Kusama’s visits are always a beacon for heightened speculation and excitement within the community. During this particular visit, the lead developer engaged with the community, dropping - [Shytoshi Kusama Confronts Detractors, Affirms Commitment to Shiba Inu Amid FUD Attacks](https://news.shib.io/2024/04/22/shytoshi-kusama-confronts-detractors-affirms-commitment-to-shiba-inu-amid-fud-attacks/): Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, forcefully addresses detractors spreading fear, uncertainty, and doubt (FUD), reinforcing his unwavering dedication to the project’s success and growth. Battling the Shadows Over recent years, the Shiba Inu community and its enigmatic lead developer have faced relentless attacks from critics and skeptics. Despite significant advancements and expansion within the ecosystem, a group Kusama referred to as “shadowcats” continues to undermine and challenge the team’s efforts.  FUD, an acronym for fear, uncertainty, and doubt, is often wielded by such critics to destabilize projects by instilling fear and spreading misinformation. The Shib Army, - [Bullish: Shiba Inu Trifecta, SHEB Experience Remarkable Surge in Post-Bitcoin Halving Rally](https://news.shib.io/2024/04/22/bullish-shiba-inu-trifecta-sheb-experience-remarkable-surge-in-post-bitcoin-halving-rally/): The Shiba Ecosystem, encompassing assets like its native token Shiba Inu (SHIB), the Shibarium gas fee token Bone ShibaSwap (BONE), Doge Killer LEASH, and the NFT venture Sheboshis (SHEB), has experienced a remarkable surge in value following a post-halving spike, with bullish sentiment sweeping through the market. This rally highlights the increasing relevance and potential of Shiba Inu in the cryptocurrency arena, marking an important milestone for the meme-inspired cryptocurrency. The Shib Army celebrated vigorously as Shiba Inu recorded a significant year-to-date increase of 151.53% in its latest rally, positioning it just below Dogecoin in CoinMarketCap’s list of Top Meme - [Scam Alert Out: Surge In Activities Impersonating Shiba Inu On Telegram](https://news.shib.io/2024/04/22/scam-alert-out-surge-in-activities-impersonating-shiba-inu-on-telegram/): The cryptocurrency community faces a rising wave of scam activities on various social media platforms, especially on Telegram, with fraudulent groups increasingly impersonating official Shiba Inu accounts to target unsuspecting investors. A concerning trend has reemerged with vigor in the dynamic world of social media. Scam and fraudulent groups, particularly on Telegram, are masquerading as genuine Shiba Inu accounts and groups. These deceptive entities lure investors with enticing offers such as airdrops, gifts, free tokens, and even phishing links designed to steal personal information. The impersonators craft sophisticated facades that mimic official communications, making it challenging for even vigilant investors - [Shiba Inu's Kusama Teases Mysterious Deal Following Successful Token2049 Presence](https://news.shib.io/2024/04/22/shiba-inus-kusama-teases-mysterious-deal-following-successful-token2049-presence/): Shytoshi Kusama, the enigmatic lead developer of the Shiba Inu ecosystem, in a surprising move that has stirred the crypto community, hinted at a groundbreaking deal sealed during the prestigious Token2049 event, leaving the Shib Army in a state of excitement and anticipation. The recent Token2049 in Dubai wasn’t just a showcase of technological innovations and discussions; it was a pivotal arena for crypto moguls, including the Shiba Inu team. The event, known for hosting luminaries from the blockchain world, provided the perfect backdrop for Shiba Inu to fortify its presence among the industry’s elite. A Mysterious Interaction  Amid the - [Beware of Scams Using Shiba Inu Name: All-Time Airdrop Offers Raise Red Flags for Crypto Users](https://news.shib.io/2024/04/20/beware-of-scams-using-shiba-inu-name-all-time-airdrop-offers-raise-red-flags-for-crypto-users/): As excitement around the Shiba Inu cryptocurrency continues to surge, so do the risks of falling victim to scams. Recently, reports have surfaced of fraudulent schemes capitalizing on the popularity of Shiba Inu by offering all-time airdrops in exchange for users’ wallet addresses. While the promise of free tokens may sound appealing, crypto users are urged to exercise caution as these offers raise significant red flags for potential scams and phishing attempts. The Shiba Inu community has captured widespread attention with its fervent enthusiasm and rapidly growing ecosystem. However, with this surge in popularity comes a dark underbelly of scams - [Bitcoin Halving 2024: Bearish Forecasts Emerge from Top Industry Analysts](https://news.shib.io/2024/04/20/bitcoin-halving-2024-bearish-forecasts-emerge-from-top-industry-analysts/): Amid much anticipation, the Bitcoin network reached a significant milestone Friday evening as it completed its eagerly awaited fourth “halving” event. Despite investors’ widespread anticipation based on the cryptocurrency’s historical performance to deliver significant gains in the months ahead, numerous industry leaders and market analysts expressed a bearish outlook, suggesting that the price might experience a downturn following the reward halving. The Quadrennial Event And Expectations The halving was written into Bitcoin’s code at its inception by pseudonymous creator Satoshi Nakamoto as a way to reduce the rate at which bitcoins are created. Mechanically, while the halving’s immediate impact on - [Google Merges AI Research Teams, Forms Google DeepMind](https://news.shib.io/2024/04/19/google-merges-ai-research-teams-forms-google-deepmind/): Google has taken a significant step in advancing its artificial intelligence (AI) efforts by consolidating its two major AI research divisions. Alphabet CEO Sundar Pichai announced the creation of a new team called “Google DeepMind,” which combines the expertise of the Google Brain team and Alphabet’s AI subsidiary, DeepMind. “By creating Google DeepMind, I believe we can get to that future faster. Building ever more capable and general AI, safely and responsibly, demands that we solve some of the hardest scientific and engineering challenges of our time,” said DeepMind CEO Demis Hassabis. “Through Google DeepMind, we are bringing together our - [Tether's Expansion Beyond Stablecoins: A New Era for Digital Financial Systems](https://news.shib.io/2024/04/19/tethers-expansion-beyond-stablecoins-a-new-era-for-digital-financial-systems/): Tether, the leading stablecoin provider, announced a significant expansion of its mission and operations on Thursday. The company is moving beyond its well-known USDT stablecoin to introduce a new framework that aims to build inclusive infrastructure solutions and foster resilient, future-ready financial systems. The new framework includes four core divisions: Data, Finance, Power, and Edu. Tether Data, the technology division, specializes in the development and strategic investment of emerging technologies, such as artificial intelligence and peer-to-peer platforms. The division has already made notable ventures, including Holepunch, which catalyzed ground-breaking P2P technologies like Keet and Pear Runtime. Tether Data is pushing the boundaries - [Meta Pursues Consumer Neural Interfaces for Advanced Human-Computer Interaction](https://news.shib.io/2024/04/19/meta-pursues-consumer-neural-interfaces-for-advanced-human-computer-interaction/): Meta, the company formerly known as Facebook, is making significant progress in the development of consumer neural interfaces. These non-invasive wearable devices are designed to interpret brain signals to control computers, signaling a new era of human-computer interaction. In an interview on Thursday, Meta CEO Mark Zuckerberg expressed enthusiasm about these technologies. Consumer Neural Interfaces Explained Meta’s neural interfaces differ from Elon Musk’s Neuralink brain-chip in that they do not involve invasive procedures or direct connections to the brain. Instead, these devices are expected to be wearable, such as wristbands, and can read neural signals sent through nerves to control - [The 4th Bitcoin Halving: Experts Divided on Post-Halving Price Impact Amid ETF Demand and Macroeconomic Shifts](https://news.shib.io/2024/04/19/the-4th-bitcoin-halving-experts-divided-on-post-halving-price-impact-amid-etf-demand-and-macroeconomic-shifts/): The cryptocurrency world is eagerly awaiting a pivotal event: the Bitcoin halving, set to occur on April 20, 2024. This event will cut the reward for mining Bitcoin in half, from 6.25 BTC to 3.125 BTC per block, marking a significant milestone in Bitcoin’s evolution. Experts have mixed opinions on the potential impact of the halving on Bitcoin’s price. Bitwise’s Senior Crypto Research Analyst Ryan Rasmussen believes that persistent or growing ETF demand, combined with the “supply shock” resulting from the halving, could help propel Bitcoin’s price further. He expects Bitcoin to have a strong performance over the next 12 months, - [Bitcoin ETFs Experience First Daily Outflows as Negative Streak Continues](https://news.shib.io/2024/04/19/bitcoin-etfs-experience-first-daily-outflows-as-negative-streak-continues/): Bitcoin ETFs have witnessed their first daily outflows, marking a shift in investors’ sentiment toward the digital asset. The Bitwise Bitcoin ETF (BITB) registered net outflows of $7.3 million on Wednesday, the first since its inception on January 11 this year. The negative streak continued for the fourth consecutive day, with a total of $165 million in net outflows from various spot bitcoin ETFs. This is the longest outflow streak for a month, with the combined U.S. spot bitcoin ETFs registering net outflows totaling $314.8 million in the last four trading days. Interestingly, BlackRock’s IBIT was the only spot bitcoin ETF - [Telegram CEO's Answer to Privacy Threats: Crypto-Inspired Communication Devices to Evade Government Eyes](https://news.shib.io/2024/04/19/telegram-ceos-answer-to-privacy-threats-crypto-inspired-communication-devices-to-evade-government-eyes/): Telegram CEO Pavel Durov advocated for the creation of crypto-inspired communication devices as a potential solution to counteract government surveillance. While he did not confirm a plan to develop these devices himself, Durov highlighted the necessity to safeguard communications in an increasingly monitored digital landscape, encouraging the tech community to explore ways to enhance user privacy through innovative cryptographic technology. The Current State of Privacy, Data, and Security In today’s digital era, personal privacy faces numerous challenges. The introduction of advanced surveillance technologies has given authorities and governments unprecedented level of access to individual data.  These capabilities have sparked significant - [Samsung Unveils Revolutionary LPDDR5X DRAM for Next-Gen AI Processing in Mobile Devices](https://news.shib.io/2024/04/18/samsung-unveils-revolutionary-lpddr5x-dram-for-next-gen-ai-processing-in-mobile-devices/): Samsung, the world leader in advanced memory technology, has announced the development of the industry’s first LPDDR5X DRAM, supporting the highest performance of up to 10.7 gigabits-per-second (Gbps) for AI applications. This cutting-edge technology is expected to expand adoption into PCs, accelerators, servers, and automobiles, significantly enhancing AI processing capabilities in various devices. The new LPDDR5X DRAM is built on Samsung’s 12-nanometer (nm) class process technology, which has led to the smallest chip size among existing LPDDRs, solidifying Samsung’s leadership in the low-power DRAM market. This innovation comes as demand for low-power, high-performance memory increases, with LPDDR DRAM expected to expand its - [SHEboshis DN-404 Standard: Bridging Fungible and Non-Fungible Tokens](https://news.shib.io/2024/04/18/sheboshis-dn-404-standard-bridging-fungible-and-non-fungible-tokens/): Shiba Inu, a dynamic presence in the cryptocurrency world, has recently embarked on an innovative journey by participating as one of the first testers of the DN-404 standard. The new hybrid token standard blends features of both fungible and non-fungible tokens (NFTs), revolutionizing how digital assets are perceived and utilized. Shiba Inu’s Lucie recently addressed the DN 404 standard on Twitter, highlighting the importance of informed investment decisions. Understanding DN-404 The DN-404 standard, short for “Divisible NFT – 404,” seeks to achieve “full compliance” with established ERC-20 and ERC-721 frameworks. But what exactly does this mean? The DN-404 standard aims - [Shib Army Represent!: Weathering the Storm for Web3 Summit 2024 in Dubai](https://news.shib.io/2024/04/18/shib-army-represent-weathering-the-storm-for-web3-summit-2024-in-dubai/): Amid tumultuous weather conditions, a Shib Army showcased unwavering determination as he made the community’s presence felt at the Web3 Summit 2024 in Dubai. Braving the storm with resolve, the Shib Army stood as a testament to his commitment, undeterred in his quest to participate in one of the year’s most significant gatherings in the blockchain and cryptocurrency space. The “Web3 Summit 2024 in Dubai,” hosted by LBank Labs and co-organized by a consortium including RWA Finance and MetaStone Group, brought together over 100 speakers and anticipated more than 3,000 attendees from across the globe. This convergence was aimed at - [Shibarium Unveils Major UI Update to Enhance Blockchain Experience](https://news.shib.io/2024/04/18/shibarium-unveils-major-ui-update-to-enhance-blockchain-experience/): Shibarium, the go-to platform for blockchain enthusiasts, has just announced a major update designed to elevate user experience and accessibility.  The latest update, meticulously crafted with the community in mind, promises unprecedented choice, innovation, and efficiency for blockchain enthusiasts. Let’s delve into the details of this groundbreaking development. Unprecedented Choice – Freedom for Pioneers One of the standout features of the Shibarium update is its emphasis on diversification. The platform has significantly expanded its wallet compatibility, now welcoming industry giants such as MetaMask, Coinbase Wallet, Rainbow, Trust Wallet, and Wallet Connect. This move grants users the flexibility to seamlessly integrate - [BRICS Initiates Bold Move Towards Cryptocurrency for Global Trade](https://news.shib.io/2024/04/18/brics-initiates-bold-move-towards-cryptocurrency-for-global-trade/): In a strategic move that could reshape the landscape of global trade, the BRICS nations are delving into the world of cryptocurrency for cross-border transactions, challenging the dominance of the U.S. dollar. This initiative, spearheaded by Russia, aims to explore the use of cryptocurrencies as a means to settle trade transactions, diverging from traditional reliance on the dollar. Russia, amid facing economic sanctions from the U.S., is advocating for the acceptance of cryptocurrencies in trade settlements. The Bank of Russia recently announced plans to facilitate cryptocurrency payments with other countries, marking a significant shift in payment mechanisms. Elvira Nabiullina, the - [Humane AI: Bad or Terrible?](https://news.shib.io/2024/04/18/humane-ai-bad-or-terrible/): The Humane AI Pin, a wearable device designed by two former Apple executives, has been met with a wave of criticism from tech reviewers, who have described it as a poorly executed concept that falls short of its lofty ambitions. Despite its potential to revolutionize the way we interact with technology, the device’s current state has left many experts questioning its viability. The Humane AI Pin is designed to be a hands-free, AI-powered wearable computer that can answer questions, take photos and videos, and send messages. It is made of aluminum and is designed to withstand falls and even the - [Steadfast Support: Shiba Inu Holders Demonstrate Resilience Through Long-Term Commitment](https://news.shib.io/2024/04/18/steadfast-support-shiba-inu-holders-demonstrate-resilience-through-long-term-commitment/): Shiba Inu holders have exhibited remarkable resilience and steadfast commitment to SHIB, with a significant majority retaining their holdings for over a year amid a volatile market. This not only reflects an enduring investment pattern but also underscores the unwavering dedication of the Shib Army to this dog-themed altcoin, which began as a meme coin but has since evolved into a formidable movement. The Shib Army, a term affectionately used to describe the enthusiastic community of Shiba Inu supporters and holders, exemplified what crypto enthusiasts refer to as “diamond hands.” This term is used in the investment world to describe - [Gemini AI Challenges Ethical Boundaries, Cardano Founder Weighs In](https://news.shib.io/2024/04/18/gemini-ai-challenges-ethical-boundaries-cardano-founder-weighs-in/): In a recent showdown, the tech world witnessed an intriguing exchange between Cardano’s Charles Hoskinson and Google’s Gemini AI, sparking debate around the moral compass of advanced artificial intelligence. The saga unfolded on social media, where renowned tech figure Marc Andreessen unveiled snapshots probing the potential perils of a super-intelligent AI developed by a tech giant, with Google’s Gemini AI at the center of speculation. The buzz began when Gemini AI, in response to a hypothetical scenario, delved into the intricate balance between trust and accountability in AI development. However, it was Cardano’s Hoskinson who added a playful twist to - [Japan's SBI VC Trade Offers Passive Income Opportunities to Shib Army](https://news.shib.io/2024/04/18/japans-sbi-vc-trade-offers-passive-income-opportunities-to-shib-army/): SBI VC Trade, the cryptocurrency division of SBI Japan, has initiated an application phase for a staking service that promises passive income opportunities for Shiba Inu and several other cryptocurrencies. The announcement, made through its official X account and detailed on its blog, introduces the “Rent Coin” lending service. The service is tailored for holders of Shiba Inu (SHIB), Bitcoin (BTC), and Bitcoin Cash (BCH). The lending service enables cryptocurrency holders to loan out their dormant assets and earn rental fees throughout the lending period. SBI VC Trade clarified that this service targets investors looking to generate passive income without - [Binance to Resume Operations in India Following $2 Million Regulatory Settlement](https://news.shib.io/2024/04/18/binance-to-resume-operations-in-india-following-2-million-regulatory-settlement/): Binance, the world’s largest cryptocurrency exchange, is making a significant move to re-enter the Indian market after a four-month ban. The exchange has agreed to pay a $2 million penalty for non-compliance with local regulations, according to reports from Indian media on Thursday. This marks a major step towards resolving the exchange’s regulatory issues in India and signals a renewed interest in the country’s burgeoning crypto market. Earlier this year, Binance was among nine offshore cryptocurrency platforms banned from operating in India due to non-compliance with the Financial Intelligence Unit (FIU) and Prevention of Money Laundering Act (PMLA) guidelines. The - [Watch: Boston Dynamics Unveils Electric Atlas Robot with Unique Movement Abilities](https://news.shib.io/2024/04/18/watch-boston-dynamics-unveils-electric-atlas-robot-with-unique-movement-abilities/): Boston Dynamics, renowned for its groundbreaking robotics innovations, introduced a new electric version of its iconic Atlas robot on Wednesday, signaling a significant advancement in the field of robotics. The electric Atlas, showcased in a live demonstration, boasts unprecedented movement capabilities that promise to revolutionize various industries. In a press release, Boston Dynamics shared its vision for the electric Atlas: “We designed the electric version of Atlas to be stronger, more dexterous, and more agile. Atlas may resemble a human form factor, but we are equipping the robot to move in the most efficient way possible to complete a task.” - [Ryoshi Calls for Vigilance From Scammers: Urges Shib Army to Safeguard Shiba Inu's Integrity](https://news.shib.io/2024/04/17/ryoshi-calls-for-vigilance-from-scammers-urges-shib-army-to-safeguard-shiba-inus-integrity/): In an era rife with opportunists and scammers, the Shib Army is fortified by a timeless message from Ryoshi, the enigmatic creator of Shiba Inu. Delivered years ago, his stern warning resonates, reiterating his unwavering commitment to safeguarding the brand and emphasizing the importance of protecting the integrity of the expanding Shiba ecosystem against exploitation. The Enigmatic Founder Ryoshi remains a pseudonymous figure, best known through his insightful and often philosophical Medium posts. Through these writings, Ryoshi has cultivated an image of a visionary yet mysterious leader, deeply committed to the principles upon which Shiba Inu was founded. His anonymity - [SHIB X CDSA](https://news.shib.io/2024/04/17/shib-x-cdsa/): Read the latest edition of The Shib magazine here. - [Telegram Founder's Exclusive Bitcoin Investment Highlights Freedom Over Fortune](https://news.shib.io/2024/04/17/telegram-founders-exclusive-bitcoin-investment-highlights-freedom-over-fortune/): In a dialogue that resonates with Tyler Durden’s iconic line from the film Fight Club, “The things you own end up owning you,” Telegram CEO Pavel Durov embraces a similar ethos. Durov reveals in an interview that his sole financial investment is in Bitcoin, emphasizing his preference for freedom over material wealth. Redefining Success For many, the pursuit of success is often synonymous with acquiring wealth and gaining power. This traditional view holds that financial abundance brings not just comfort but influence and status, encouraging a cycle of continuous acquisition. The conventional success narrative often involves amassing tangible assets like - [New Zealand's Digital Cash Revolution: A Multi-Stage Exploration](https://news.shib.io/2024/04/17/new-zealands-digital-cash-revolution-a-multi-stage-exploration/): New Zealand is embarking on a multi-stage exploration to introduce a central bank digital currency (CBDC), also known as “digital cash,” according to an announcement by the Reserve Bank of New Zealand (RBNZ) on April 17. This move comes as innovations in money and payments are challenging the country’s monetary sovereignty, according to Ian Woolford, Reserve Bank Director of Money and Cash. Digital cash would coexist with physical cash options and would not require a commercial bank account for usage, only a digital wallet, payment card, or mobile app. The RBNZ emphasized that digital cash would bring more enhancement to privacy, - [Your Guide to Crypto Airdrops: Earning Free Tokens](https://news.shib.io/2024/04/17/your-guide-to-crypto-airdrops-earning-free-tokens/): Crypto airdrops have emerged as a unique and intriguing phenomenon. But what exactly are they, how do they function, and where can you discover them? In this article, we will explore the world of crypto airdrops, including their purpose, mechanics, and ways of participation. What Is a Crypto Airdrop? The term “airdrop” draws inspiration from traditional methods of delivering supplies or information by dropping them from the air to specific locations. In the crypto realm, an airdrop refers to the distribution of free cryptocurrency tokens or coins to a large number of wallet addresses. These airdrops serve various purposes, including - [New Legislation on Stablecoins: A Game-Changer in the Crypto Landscape](https://news.shib.io/2024/04/17/new-legislation-on-stablecoins-a-game-changer-in-the-crypto-landscape/): In a groundbreaking turn of events, the landscape of cryptocurrency regulation is poised for a significant shift as key lawmakers in the U.S. Congress intensify efforts to establish comprehensive regulations for stablecoins. Recent discussions between House Financial Services Chair Patrick McHenry, Ranking Member Maxine Waters, and Senate Majority Leader Chuck Schumer have injected fresh momentum into the long-debated stablecoin legislation, hinting at potential action during the upcoming summer session or the year-end lame-duck session. The urgency surrounding the Federal Aviation Administration (FAA) reauthorization, initially set for a May 10 deadline, has opened up a window of opportunity for Congress to - [Spiderman Actor Tom Holland's X Account Hacked to Promote Crypto Scam](https://news.shib.io/2024/04/17/spiderman-actor-tom-hollands-x-account-hacked-to-promote-crypto-scam/): Actor Tom Holland’s social media account was hacked by crypto scammers, who used his platform to promote a fraudulent cryptocurrency scheme. The incident occurred on April 16 when the attackers hijacked the Spiderman actor’s X account, which boasts over 7 million followers. The Scam The hackers’ tweet announced an unlikely partnership between Holland and Binance, the world’s largest digital asset trading platform. According to the now-deleted post, the collaboration aimed to launch a Spider-Verse-themed cryptocurrency. Fans were encouraged to register for early access to the $SPIDER token and Spiderverse’s non-fungible tokens (NFTs) via a link to “spiderverse.app.” The scam link - [Massive BONE Boost: Coinbase Predicted To List Shibarium's Gas Fee Token This Year](https://news.shib.io/2024/04/17/massive-bone-boost-coinbase-predicted-to-list-shibariums-gas-fee-token-this-year/): Bone ShibaSwap (BONE), the governance token of Shiba Inu’s decentralized exchange (DEX) ShibaSwap and the official gas fee token of the Shibarium blockchain, stands poised for a significant uptick this year, fueled by the latest forecast from a reputable crypto price tracker. Just days after forecasting that BONE would secure a listing on Binance, one of the largest cryptocurrency exchange platforms by trading volume, Coinpedia Markets, a prominent crypto-tracking platform, has made another bold prediction: Bone ShibaSwap (BONE) is poised to be listed by Coinbase, one of the world’s leading crypto exchanges before the year concludes. In its latest tweet, - [ETF Analyst Predicts IBIT to Surpass GBTC in Bitcoin Holdings by April 30](https://news.shib.io/2024/04/17/etf-analyst-predicts-ibit-to-surpass-gbtc-in-bitcoin-holdings-by-april-30/): Eric Balchunas, an ETF analyst at Bloomberg, highlighted that April 30 is anticipated to mark the point where the quantity of BTC held in Blackrock’s IBIT ETF surpasses that of rival Grayscale’s GBTC ETF. IBIT (iShares Bitcoin Trust) and GBTC (Grayscale Bitcoin Trust) are both ETFs (Exchange-Traded Funds) that provide exposure to Bitcoin but with key differences. Launched in January 2024, IBIT offers a lower expense ratio compared to GBTC, which has been around since 2013. This fee disparity has led to a surge in assets for IBIT, while GBTC faces outflows. As a result, the once-unmatched GBTC is in - [As Shibarium Sees Explosive Growth, Shiba Inu Marketing Specialist Shares Tips To Boost Ecosystem's L2](https://news.shib.io/2024/04/17/as-shibarium-sees-explosive-growth-shiba-inu-marketing-specialist-shares-tips-to-boost-ecosystems-l2/): Shibarium is experiencing remarkable development as it witnessed an unprecedented surge in both user engagement and transaction volume. In an effort to broaden the reach and understanding of Shibarium, Shiba Inu’s innovative Layer-2 solution, a marketing specialist from the Shiba Inu team has offered valuable advice on how to effectively introduce this platform to new users.  Launched in August last year, Shibarium, one of the key visions of Ryoshi, the pseudonymous creator of Shiba Inu, was developed to enhance the Shiba Inu ecosystem by providing faster transactions and reduced fees, utilizing the Ethereum network’s robust framework. The platform quickly gained - [Shiba Inu Hits Sweet Spot: Technicals Show Promising Historic Highs as SHIB Locks in Gains Above Critical Threshold](https://news.shib.io/2024/04/17/shiba-inu-hits-sweet-spot-technicals-show-promising-historic-highs-as-shib-locks-in-gains-above-critical-threshold-2/): Shiba Inu (SHIB) is currently experiencing a market resurgence, with indicators pointing towards potentially historic highs. This comes after a series of technical analyses suggested that SHIB is not only securing profits but also stabilizing above critical support levels, signaling a bullish phase for the cryptocurrency. Market Overview Following a period of volatility that has swept through the crypto market, Shiba Inu has shown remarkable resilience and strong performance from the start of the month. The SHIB is following a pattern similar to other major digital currencies, where crucial technical levels significantly influence market movements. Analyst’s Take Crypto trader who - [Adidas Revolutionizes Fitness with First-Ever NFT Sneaker Drop](https://news.shib.io/2024/04/17/adidas-revolutionizes-fitness-with-first-ever-nft-sneaker-drop/): In a groundbreaking move at the intersection of technology and fitness, lifestyle app STEPN has teamed up with global powerhouse adidas to unveil a pioneering NFT collection, set to redefine how we engage with both physical and digital worlds. The collaboration heralds the arrival of the STEPN x adidas Genesis Sneakers, a series of 1,000 unique NFTs inspired by adidas’ iconic running designs, exclusively available on the Solana-based marketplace MOOAR. This partnership signals a transformative shift towards a “phygital” experience—where physical and digital realms converge—and sets the stage for a year-long journey of co-branded initiatives. The Genesis Sneakers collection, dropping - [Bank of Russia Backs Cryptocurrency for International Transactions](https://news.shib.io/2024/04/17/bank-of-russia-backs-cryptocurrency-for-international-transactions/): The Bank of Russia has thrown its support behind accelerating the adoption of cryptocurrency payments. Elvira Nabiullina, the governor of the Bank of Russia, announced the move last week, according to Russian Media. While the Bank of Russia has historically been wary of cryptocurrencies for domestic payments due to concerns about regulatory oversight, it is now signaling its openness to their use in cross-border settlements. However, Nabiullina emphasized the importance of introducing these crypto-based payments within a controlled experimental environment to assess their viability and mitigate potential risks. “We recently passed legislation that allows digital financial assets to be used - [Dubai Token2049 Goes Underwater, Sparks Memes Galore!](https://news.shib.io/2024/04/16/dubai-token2049-goes-underwater-sparks-memes-galore/): In a stroke of brilliance, a comical video dubbed “Dubai LIQUIDATED Token2049” and shared on X (formerly Twitter) by the witty handle @tookerkurlson has been causing waves of laughter across the social media platform. The video, clocking in at just over a minute, stars a hilariously animated parody of none other than Tucker Carlson, the American conservative political commentator and writer. With his signature blend of humor and satire, the cartoon version of Carlson dives headfirst into the absurdity of the latest developments in Dubai. Now, for a bit of context: Dubai is playing host to this year’s Token2049 event - [Bitcoin Lingers In $62K Teritorry As Geopolitical Strains and Halving Hype Keep Investors on Edge](https://news.shib.io/2024/04/16/bitcoin-lingers-in-62k-teritorry-as-geopolitical-strains-and-halving-hype-keep-investors-on-edge/): Bitcoin plummets by over 3% and remains in the $62,000 price threshold as mounting geopolitical tensions and the anticipation of the upcoming halving event continue to grip the global investment community. Investors are treading cautiously, balancing the lure of potential gains against the backdrop of increasing uncertainties in geopolitics. This delicate equilibrium keeps the market on the knife’s edge, reflecting a world where digital and real-world dynamics are increasingly intertwined. Market Overview Last week, Bitcoin, the largest cryptocurrency by market capitalization, ended at approximately $65,650, marking a 5.3% decrease from its prior week’s closing of around $69,350. Despite relative stability - [Shibarium Achieves Milestone Growth: Surging Wallets and Daily Transactions Propel Shiba Inu Ecosystem](https://news.shib.io/2024/04/16/shibarium-achieves-milestone-growth-surging-wallets-and-daily-transactions-propel-shiba-inu-ecosystem/): In a groundbreaking development for the Shiba Inu community, Shibarium has witnessed an unprecedented surge in adoption. Over the past four days, Shibarium has welcomed more than 375,000 new wallets, signaling a remarkable uptick in user participation within the ecosystem. This surge in adoption comes at a crucial time when Shibarium is solidifying its position as a key player in addressing Ethereum’s high gas fees and enhancing transaction speed for market participants dealing with ecosystem tokens like Bone ShibaSwap (BONE), LEASH, and SHIB. The growth of Shibarium has been nothing short of remarkable, with daily transactions experiencing significant spikes, hitting - [Ethereum's Pectra Hard Fork Revolutionizes Security with Social Recovery Feature](https://news.shib.io/2024/04/16/ethereums-pectra-hard-fork-revolutionizes-security-with-social-recovery-feature/): In a groundbreaking move set to redefine security in the world of cryptocurrencies, lost private keys now might be a thing of the past. Ethereum’s upcoming Pectra hard fork is poised to introduce a revolutionary social recovery feature through the Ethereum Improvement Proposal (EIP) 3074 upgrade. This innovative upgrade, confirmed by Ethereum core developer Tim Beiko, promises to transform the landscape of Ethereum wallets by empowering users with enhanced smart contract capabilities. The core of this transformation lies in the concept of social recovery, where users can delegate ownership of their assets to an invoker contract via a digital signature. - [Shiba Inu Outshines 2024 Bitcoin Rally, Maintains Profit for Majority of Investors](https://news.shib.io/2024/04/16/shiba-inu-outshines-2024-bitcoin-rally-maintains-profit-for-majority-of-investors/): Shiba Inu (SHIB) is challenging the notion that it’s merely a meme coin, exhibiting a performance that not only eclipses Bitcoin but also positions its holders predominantly in the green. With a substantial year-to-date increase, SHIB is reshaping market perceptions, reinforced by robust community support and strategic developments within its ecosystem. As of early 2024, Bitcoin, the pioneering digital currency and leader by market capitalization recorded impressive gains. From an opening price of $44,000 on Jan. 1, Bitcoin ascended to approximately $62,000 by early April, marking a year-to-date escalation of 54%. This peak is part of a trend that saw - [Revolutionizing Shibarium: New Token Sets New Standards for Token Presales](https://news.shib.io/2024/04/16/revolutionizing-shibarium-new-token-sets-new-standards-for-token-presales/): A new token recently launched on Shibarium promises to revolutionize Shiba Inu’s layer-2 scalability solution by setting unprecedented standards for token pre-sales.  Designed to enhance security, automation, and efficiency, PIKA, also known as the “Pre-sale Killer,” aims to elevate the standard of the Shiba ecosystem’s layer-2 network. PIKA is described as an innovative ERC-50 token crafted by WoofSwap, the creators behind the notable meme coin DAMN (SolKiller). Designed specifically for the Shibarium network, PIKA, dubbed the “Pre-sale Killer,” aims to streamline and secure the presale process through automation and advanced security measures. What is a Pre-Sale? A cryptocurrency pre-sale is - [Explosive Growth: Shibarium Transactions and User Activity Skyrocket](https://news.shib.io/2024/04/16/explosive-growth-shibarium-transactions-and-user-activity-skyrocket/): Shibarium, the layer-2 scaling solution of the Shiba Ecosystem, saw a remarkable development as it witnessed an unprecedented surge in both user engagement and transaction volume, signaling a growing interest in its capabilities and potential for the broader crypto market. According to a recent update by cryptocurrency price tracker Coinpedia on X (formerly Twitter), Shibarium has seen its active accounts soar to over 25,800, marking an 80% increase in just the past 24 hours. In the same period, the number of transactions processed on the network jumped dramatically from 419,517 to 958,438—a staggering 128.46% rise. This significant uptick in activity - [Crypto-Wide Security Alert: High-Risk Zero-Day iMessage Exploit Can Compromise iPhones Without User Interaction](https://news.shib.io/2024/04/16/crypto-wide-security-alert-high-risk-zero-day-imessage-exploit-can-compromise-iphones-without-user-interaction/): A potential high-risk zero-day exploit targeting iMessage has emerged, posing a grave risk to iPhone users across the cryptocurrency community. This sophisticated vulnerability can compromise iPhones without any user interaction, amplifying concerns over digital asset security. Potential High-Risk Zero-Day Exploit! iOS users are urged to exercise caution as cryptocurrency wallet service TrustWallet revealed credible intelligence about a dangerous zero-day exploit targeting iMessage. On Monday, TrustWallet’s CEO Eowyn Chen utilized the X platform (formerly Twitter) to deliver a stark warning to the online community.  In a tweet, Chen revealed alarming information about the discovery of a high-risk exploit targeting iOS iMessage, - [How to Use Meta AI for WhatsApp and Instagram](https://news.shib.io/2024/04/16/how-to-use-meta-ai-for-whatsapp-and-instagram/): Meta, the parent company of WhatsApp and Instagram, is revolutionizing user experiences with the introduction of artificial intelligence (AI) features within these popular messaging platforms. Designed to mimic human-like interactions, Meta AI offers a range of functionalities aimed at enriching conversations and streamlining communication. Here’s a comprehensive guide on how to use Meta AI on both WhatsApp and Instagram, along with its potential use cases. Understanding Meta AI: Meta AI is an intelligent chatbot embedded within WhatsApp, Messenger, and Instagram. Key aspects of the program include: Purpose: Meta AI functions as a conversational assistant, providing advice, answering queries, and even - [Germany's Largest Federal Bank to Offer Crypto Custody Services](https://news.shib.io/2024/04/15/germanys-largest-federal-bank-to-offer-crypto-custody-services/): Germany’s Landesbank Baden-Württemberg (LBBW), the country’s largest federal bank, is set to offer cryptocurrency custody services to institutional clients in the second half of 2024. This move is a strategic response to the increasing demand for digital asset custody from corporate clients and a reflection of Europe’s growing influence in the global crypto custody race. In partnership with the Austria-based Bitpanda cryptocurrency exchange, LBBW aims to enhance its digital asset offerings, ensuring high security and innovative solutions for corporate clients. Bitpanda Custody, a crypto custody platform with decentralized finance (DeFi) capabilities, is registered with the United Kingdom’s Financial Conduct Authority (FCA), making - [Bitcoin Whale Resurfaces After 14 Years, Sparking Curiosity in the Crypto Community](https://news.shib.io/2024/04/15/bitcoin-whale-resurfaces-after-14-years-sparking-curiosity-in-crypto-community/): A dormant Bitcoin wallet containing 50 BTC (worth $3,314,211 at the time of writing) has been reactivated after a 14-year slumber, according to cryptocurrency tracker Whale Alert. The wallet, which was last active in 2010, was reactivated following Bitcoin’s recent price fluctuations, raising questions about the identity of the wallet’s owner and their intentions. The wallet’s reactivation comes at a time when Bitcoin is experiencing significant price volatility from all-time highs to its upcoming 4th halving. This has led to speculation that the wallet’s owner may be looking to capitalize on the price surge or may have finally managed to - [D3 Revolutionizes Domain Payments with SHIB and BONE Integration on Shibarium](https://news.shib.io/2024/04/15/d3-revolutionizes-domain-payments-with-shib-and-bone-integration-on-shibarium/): In a groundbreaking move that is set to redefine the landscape of DNS, D3, a leading Web3 domain name service provider, has announced the addition of Shiba Inu (SHIB) and Bone ShibaSwap (BONE) as payment options for its domain name services. D3’s decision to accept SHIB and BONE payments on Shibarium, the Layer 2 blockchain of the Shib ecosystem, is expected to boost the adoption of *shib names among the Shib Army and crypto enthusiasts. The move comes amid a growing trend of individuals and organizations securing custom-made blockchain-based domain names, as the decentralized nature of these domains offers enhanced - [Illicit Cryptocurrency Transactions Around the World Saw a Significant Decline in 2023](https://news.shib.io/2024/04/15/illicit-cryptocurrency-transactions-around-the-world-saw-a-significant-decline-in-2023/): In a positive development, the total volume of illicit cryptocurrency transactions around the world saw a significant decline last year, according to a report by blockchain analytics firm TRM Labs, with an overall proportion of total illicit crypto funds shrinking by 9% on a year-on-year basis. However, the report also highlights an increasing preference for the blockchain platform Tron for illicit activities. The illicit cryptocurrency volume on the platform grew to 45% in 2023, compared to 41% in 2022. The total value of funds sent to sanctioned addresses and entities also decreased from $25.4 billion in 2022 to $16.2 billion - [Hong Kong Bitcoin and Ethereum ETF Approval Sparks Optimism, But Analyst Forecasts Modest Impact](https://news.shib.io/2024/04/15/hong-kong-bitcoin-and-ethereum-etf-approval-sparks-optimism-but-analyst-forecasts-modest-impact/): The recent approval of Bitcoin and Ethereum exchange-traded funds (ETFs) in Hong Kong stirred anticipation within the cryptocurrency community. However, Bloomberg ETF analyst Eric Balchunas offered a tempered perspective, shedding light on the potential challenges and limitations that may temper initial expectations. Hong Kong’s regulatory green light for Bitcoin and Ethereum ETFs marks a significant step towards legitimizing digital assets within the financial ecosystem. This move underscored the special administrative region of the People’s Republic of China’s commitment to embracing innovation and positioning itself as a global hub for cryptocurrency investment. Balchunas, a Bloomberg ETF analyst, provided insights into the - [Hong Kong Lights Up Financial District with Bitcoin and Ethereum ETF Ad Amid Regulatory Green Light](https://news.shib.io/2024/04/15/hong-kong-lights-up-financial-district-with-bitcoin-and-ethereum-etf-ad-amid-regulatory-green-light/): In a striking visual endorsement of cryptocurrency, a massive electronic billboard in Hong Kong’s bustling financial district now beams an advertisement for newly approved Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs). This landmark move follows Hong Kong’s recent regulatory approval for crypto investment funds, signaling a significant pivot towards embracing digital assets.  The Ad Campaign The massive electronic billboard showcasing the ad was first spotlighted in a video shared on X (formerly Twitter) by influential crypto commentator @boxmining, featuring dynamic visuals of Bitcoin and Ethereum ETFs. Located in the heart of the financial district, the electronic billboard serves as - [Binance Exec who Fled Nigeria is Traced to Kenya, Extradition Being Pursued](https://news.shib.io/2024/04/15/binance-exec-who-fled-nigeria-is-traced-to-kenya-extradition-being-pursued/): The Nigerian government has successfully traced the whereabouts of Nadeem Anjarwalla, a high-ranking executive of Binance, to Kenya. Anjarwalla had escaped custody in Nigeria, but his cover was blown upon his arrival in Kenya. “We have found him. We know where he is. He is in Kenya, and we’re working with the authorities to bring him back to Nigeria,” a source told Nigerian media outlet The Punch. The situation has escalated, with intensified discussions between the Economic and Financial Crimes Commission (EFCC), the International Criminal Police Organization (Interpol), the Nigeria Police Force, and the Kenyan Police Service. Their goal? To - [From Humble Beginnings to Crypto Millionaires: Inspiring Stories of Transformation](https://news.shib.io/2024/04/15/from-humble-beginnings-to-crypto-millionaires-inspiring-stories-of-transformation/): The world of finance has witnessed many revolutions, but few have captured the imagination quite like cryptocurrency. What began as a fringe concept for tech enthusiasts has exploded into a global phenomenon, minting crypto millionaires and rewriting financial destinies. Today, we delve into the inspiring stories of those who went from “ramen noodles to Lamborghinis” thanks to their forays into the crypto world. The Bitcoin Bonanza Our journey starts with the Winklevoss twins, Cameron and Tyler. These tech titans, already famous for tangling with Mark Zuckerberg over Facebook, saw a different kind of social revolution brewing in Bitcoin. In 2013, - [Hong Kong Grants Approval for Spot Bitcoin and Ethereum ETFs](https://news.shib.io/2024/04/15/hong-kong-grants-approval-for-spot-bitcoin-and-ethereum-etfs/): Hong Kong, renowned for its prowess in the global financial arena, has embarked on a significant stride toward embracing the burgeoning world of cryptocurrencies. The Securities and Futures Commission (SFC) on Monday approved spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs), marking a historic moment in the region’s financial landscape. Spot ETFs: A New Paradigm Spot ETFs represent a paradigm shift in the crypto investment sphere by directly tracking the real-time price movements of the underlying assets, eschewing reliance on futures contracts. With Hong Kong’s approval, investors can anticipate enhanced access to the digital asset space while bridging traditional - [Shiba Inu Takes Center Stage: Sponsors 2024 Web3 Summit Event in Dubai](https://news.shib.io/2024/04/15/shiba-inu-takes-center-stage-sponsors-2024-web3-summit-event-in-dubai/): Shiba Inu (SHIB) is making significant strides in the cryptocurrency sphere, transcending its origins as a meme coin. Created by its pseudonymous creator Ryoshi, the dog-themed altcoin has embarked on a journey of participation and sponsorship in various events this year. Among its notable engagements is the sponsorship and participation in the prestigious 2024 Web3 Summit Event in Dubai. Shiba Inu Expands Horizons The 2024 Web3 Summit in Dubai, organized by Web3 Summit, BlockNews, LBank Labs, and other co-organizers, is expected to draw over 3,000 attendees and feature nearly 100 distinguished speakers. This event provides a platform for industry leaders, - [Defining DYOR: Shibarium Issues Crucial Alert And Guidelines To Smart Crypto Investing](https://news.shib.io/2024/04/15/defining-dyor-shibarium-issues-crucial-alert-and-guidelines-to-smart-crypto-investing/): Shibarium, the layer-2 scalability solution of the Shiba Ecosystem, has redefined the essence of DYOR. Going beyond the mere acronym of “do your own research,” Shibarium’s initiative emerges as a formidable shield, safeguarding investors from the perilous realms of scams and rug-pull projects. In a recent social media post, ShibariumTech Discord, Telegram Moderator and X Spaces Speaker known by the handle @SpecialShib, shared critical insights from DaVinci, a prominent member of the Shibarium Team, serving as a Discord admin and developer, stressing the importance of diligent personal research before investing in cryptocurrency tokens. According to DaVinci, potential investors need to - [Decoding the 2024 Bitcoin Halving: Key Market Dynamics, Predictive Insights, and Future Price Forecasts](https://news.shib.io/2024/04/15/decoding-the-2024-bitcoin-halving-key-market-dynamics-predictive-insights-and-future-price-forecasts/): The Bitcoin Halving event stands as a cornerstone in the dynamic landscape of cryptocurrency, heralding significant shifts in the supply and demand dynamics of the world’s leading digital currency by market capitalization. As this critical milestone looms, it presents an invaluable opportunity for investors to gain deep insights into predictive trends and future price forecasts. Understanding the nuances of this pivotal event is essential for anyone looking to adeptly navigate the complexities of cryptocurrency investments in the years ahead.  Foundational Principles: Designed by Bitcoin’s enigmatic creator Satoshi Nakamoto, the Halving aims to control inflation and enhance Bitcoin’s scarcity by systematically - [DAMN (Solkiller) Clinches Top Spot on Leading Crypto-Ranking Site](https://news.shib.io/2024/04/15/damn-solkiller-clinches-top-spot-on-leading-crypto-ranking-site/): DAMN (Solkiller), a memecoin built on the Shibarium blockchain, seized the top position on a crypto-ranking site a few days ago. This unexpected surge propels the token into the spotlight, highlighting its growing popularity and potential within the volatile cryptocurrency landscape. Last week, GemsRadar, a crypto ranking site, unveiled its top 10 crypto assets, with DAMN leading the charge. Also known as SolKiller, DAMN burst onto the scene just weeks ago, amid the fervor of the memecoin season. In a swift display of force, the Shib Army flexed its muscle, propelling the meme coin onto the platform’s coveted list of - [SHEboshis (SHEB): Rising to Prominence in the ERC-404 Landscape](https://news.shib.io/2024/04/15/sheboshis-sheb-rising-to-prominence-in-the-erc-404-landscape/): SHEboshis (SHEB) asserting their dominance within the cryptocurrency realm, emerging as a formidable contender among the elite ranks of ERC-404 projects. This remarkable ascent signifies a significant milestone in SHEB’s trajectory, showcasing its commanding presence and influence within the ERC-404 ecosystem. Rolled out in February, SHEboshis, integral to the Shibarium ecosystem, represent a unique amalgamation of ERC-20 and ERC-721 standards, facilitated by the Ethereum standard DN-404. This innovative standard not only imbues SHEB with the versatility of both token types but also enables the creation of divisible NFTs.  Operating across two contracts—one for trading and another that mirrors NFT functionality—SHEboshis - [Securely Passing On Crypto Assets to Your Children: A Comprehensive Guide](https://news.shib.io/2024/04/12/securely-passing-on-crypto-assets-to-your-children-a-comprehensive-guide/): Crypto presents a unique challenge when it comes to passing on assets to the next generation. Unlike physical assets, digital assets like Bitcoin cannot be accessed without the private keys. If those keys are lost, the assets may be irretrievable. The Complexity of Passing On Crypto In contrast to traditional financial systems where leftover funds can be retrieved from banks or asset managers, transferring crypto assets involves complexities primarily revolving around self-custody. There’s a growing trend of individuals purchasing crypto to pass on to their children, so it’s crucial to consider how to ensure these assets are bequeathed effectively to - [CoinCodex Predicts a Spectacular Surge for SHIB in May 2024](https://news.shib.io/2024/04/12/coincodex-predicts-a-spectacular-surge-for-shib-in-may-2024/): Shiba Inu (SHIB) continues to captivate investors and enthusiasts alike with its remarkable performance in the crypto market. As its price movements draw keen attention, let’s delve into the latest predictions and insights surrounding SHIB. CoinCodex Prediction According to CoinCodex, SHIB appears poised for a potential breakout. The platform suggests that SHIB could surpass its previous all-time high of $0.00008616 in the future. Specifically, CoinCodex predicts that by May 10, 2024, SHIB might ascend to $0.00009427, representing an impressive growth from its current levels. The burning question: Can SHIB sustain its momentum and hold above this targeted level? If so, - [Do Kwon's Fate Sealed? Montenegrin Court Greenlights Extradition, Likely to the US](https://news.shib.io/2024/04/12/do-kwons-fate-sealed-montenegrin-court-greenlights-extradition-likely-to-the-us/): Following Montenegro High Court’s renewed approval, disgraced Terraform Labs (TFL) CEO Do Kwon faces imminent extradition. Online speculation is rife about the possibility of his extradition to the U.S., with the ultimate decision resting in the hands of the country’s Minister of Justice. Montenegro’s Minister of Justice, Andrej Milović, now holds the key to Kwon’s extradition destination. Despite the Balkan country’s undisclosed stance on the matter, the minister reportedly indicated in a November TV interview that the decision regarding Kwon’s extradition would be political in nature. The Wall Street Journal reported last December that “Montenegro’s top justice official privately said - [SBF's Extensive Requests: Appeals Sentence, Demands California Jail Near Family](https://news.shib.io/2024/04/12/sbfs-extensive-requests-appeals-sentence-demands-california-jail-near-family/): In a legal saga that continues to stun the cryptocurrency industry, the financial realm, and even the world, Sam Bankman-Fried, the founder and former CEO of the then-crypto behemoth FTX, once again filed an appeal for the court’s earlier sentence. Amid the appeal of a stringent 25-year sentence, the demands of the once dubbed “golden boy of crypto” extend beyond the courtroom, advocating for a specific placement in a California jail, strategically chosen to maintain proximity to cherished family ties.  During Bankman-Fried’s sentencing hearing on March 28, defense lawyer Marc Mukasey revealed plans for an appeal to the US Court of - [Hilarious Meme Pokes Fun at Mark Zuckerberg's Alleged Copycat Behavior](https://news.shib.io/2024/04/12/hilarious-meme-pokes-fun-at-mark-zuckerbergs-alleged-copycat-behavior/): A viral meme is circulating on X (formerly Twitter), poking fun at Facebook CEO Mark Zuckerberg’s alleged tendency to emulate ideas from other platforms. The 28-second video, featuring a classroom scene with tech billionaire Elon Musk and Zuckerberg, sparked laughter and commentary across the social media platform. The meme showcases Zuckerberg in a classroom setting, glancing at Musk’s notes in a seemingly innocent manner. However, when Musk catches him in the act, Zuckerberg feigns innocence, creating a humorous take on allegations that he copies ideas from other businesses. The meme’s humor stems from real-world instances where Zuckerberg’s Facebook has been - [UK Competition Watchdog Raises Alarm Over Big Tech's AI Dominance](https://news.shib.io/2024/04/12/uk-competition-watchdog-raises-alarm-over-big-techs-ai-dominance/): The United Kingdom’s Competition and Markets Authority (CMA) has raised concerns regarding the growing dominance of major technology corporations in the field of artificial intelligence (AI), according to the update paper published Thursday. With industry giants such as Apple, Amazon, Microsoft, and Meta (formerly Facebook) leading the charge, the CMA has highlighted significant issues regarding their increasing control over the rapidly expanding AI market. The Foundation Models Under Scrutiny At the core of this scrutiny are the foundation models, potent AI tools that serve as the backbone for various applications. These models encompass text and image generators, such as ChatGPT. - [Reddit Co-Founder Alexis Ohanian Envisions AI and Blockchain Convergence Revolutionizing Image Verification](https://news.shib.io/2024/04/12/reddit-co-founder-alexis-ohanian-envisions-ai-and-blockchain-convergence-revolutionizing-image-verification/): Alexis Ohanian, the co-founder of Reddit, has recently spotlighted a compelling convergence point: the intersection of artificial intelligence (AI) and blockchain technology. In a post on the social media platform X Thursday, Ohanian delineated his vision for a future where these two formidable domains complement each other, unlocking practical applications beyond mere speculation. He succinctly captured the impending collision of AI and blockchain: “It’s my theory that the age of AI and the ascendence of blockchain technology are about to collide and reinforce each other.” The proliferation of images facilitated by AI has spurred Ohanian’s insight. As AI algorithms churn - [OpenAI’s Biggest Competitor Llama 3 Drops This May](https://news.shib.io/2024/04/12/openais-biggest-competitor-llama-3-drops-this-may/): Meta, the tech giant formerly known as Facebook, is set to release its next-generation open-source large language model (LLM), Llama 3, in May. This move is expected to disrupt the dominance of commercial AI tools like GPT-4, as Meta aims to strengthen its position in the AI market by offering developers a customizable and transparent alternative. The Llama 3 model is expected to deliver multimodal support, allowing users to input both text and images to receive responses. This feature sets it apart from its predecessor, Llama 2, which was an open-source platform launched in July 2023, enabling anyone to use it freely. - [Shiba Inu Billionaires: A Growing Phenomenon in the Crypto World](https://news.shib.io/2024/04/12/shiba-inu-billionaires-a-growing-phenomenon-in-the-crypto-world/): In a recent turn of events, Shiba Inu has once again solidified its position as a favorite among crypto enthusiasts, boasting over 12,000 addresses holding at least 1 billion SHIB tokens despite recent market challenges. The crypto market has been experiencing turbulence, with Bitcoin’s upcoming halving and price corrections often affecting various assets, including Shiba Inu. Despite this, investor confidence in SHIB remains unwavering. According to data from IntoTheBlock, these 12,176 addresses, collectively hold a staggering $15.32 billion worth of SHIB. Notably, most of these addresses, over 9,040, hold between 1 billion and 10 billion SHIB, with a cumulative balance - [US Proposes Crypto Mining Tax to Combat Environmental Impact](https://news.shib.io/2024/04/11/us-proposes-crypto-mining-tax-to-combat-environmental-impact/): In a bold move to address the environmental impact of cryptocurrency mining, the U.S. government has unveiled a proposal to introduce a tax on Bitcoin miners. This comes in response to the substantial energy consumption associated with mining operations, with Bitcoin alone reportedly accounting for 0.69% of global electricity usage. The proposal aims to curb the negative environmental consequences of mining activities, which have been linked to rising electricity prices and potential contributions to climate change. President Joe Biden’s budget proposal for fiscal year 2025 includes a provision for a 30% tax on the electricity utilized by crypto miners, irrespective - [Shiba Inu Joins CDSA, to Explore Use of Blockchain Tech In Media and Entertainment Industry](https://news.shib.io/2024/04/11/shiba-inu-partners-with-cdsa-to-leverage-blockchain-tech-to-address-security-and-distribution-challenges/): Shiba Inu has joined the Content Delivery and Security Association (CDSA) to  explore the opportunities specific to media and entertainment that are enabled through the new security, content distribution, and business-enablement capabilities of blockchain. CDSA is an international nonprofit organization founded in 1970, dedicated to providing best practices for the delivery and storage of entertainment, software, and information technology.  CDSA is very focused on content security, content authenticity, and content protection. SHIB’s collaboration with CDSA will significantly bolster this focus and provide expertise and insight as CDSA’s members continue to move forward in understanding and leveraging blockchain technology across their - ['Shiba Eternity' Surges Forward: Additional Features Coming Next: Eternity Master](https://news.shib.io/2024/04/11/shiba-eternity-surges-forward-additional-features-coming-next-eternity-master/): With the recent release of the highly anticipated major update setting the stage, “Shiba Eternity,” the Shiba ecosystem’s collectible card game (CCG) is poised for a groundbreaking evolution that will reshape the cryptocurrency industry as we know it. While the team behind Shiba Inu Games remained tight-lipped about their plans, recent information from an insider offers a tantalizing glimpse into the future of the game. In a recent conversation on Discord, Mazrael, the Shib Army christened by Shytoshi Kusama as the “Eternity Master,” spilled some tea about the current state of “Shiba Eternity” and what the Shiba Inu Games team - [Shiba Inu Roars: Community Engagement Explodes over 12K%, Trading Volume Soars Nearly 400%](https://news.shib.io/2024/04/11/shiba-inu-roars-community-engagement-explodes-over-12k-trading-volume-soars-nearly-400/): Shiba Inu (SHIB) witnessed an unprecedented surge in both community engagement and market activity over the last six months, a striking testament to the growing appeal of the dog-themed altcoin in an industry of evolving dynamics. Social intelligence company LunarCrush announced on X this week that Shiba Inu witnessed a staggering 12,854% increase in total social interactions, alongside a nearly 400% upswing in trading volume. Over a span of just six months, the platform reported astonishing increases in several key metrics: a 30,743% rise in content creators discussing SHIB, a 96,655% jump in posts about SHIB receiving interactions, and a - [Crypto Analyst Forecasts Bullish Path for Shiba Inu as On-Chain Metrics Show Strength](https://news.shib.io/2024/04/11/crypto-analyst-forecasts-bullish-path-for-shiba-inu-as-on-chain-metrics-show-strength/): The cryptocurrency market is alive with anticipation as respected crypto analyst Kamaz has unveiled a promising trajectory analysis for Shiba Inu (SHIB). Kamaz’s forecast posted on X (formerly Twitter) Tuesday predicts the token’s potential to exceed the $0.00003 threshold once more, offering a fresh wave of optimism for SHIB enthusiasts amid the broader market volatility. Bullish Price Targets In his latest insights, Kamaz outlined three bullish price targets for SHIB based on a potential market upswing. The analysis, centered on a 4-hour chart timeframe, highlights the recent bullish reversal in SHIB’s on-chain metrics, signaling a shift away from the 24-hour - [The Dawn of Reasoning AI: A Paradigm Shift with Profound Implications](https://news.shib.io/2024/04/11/the-dawn-of-reasoning-ai-a-paradigm-shift-with-profound-implications/): The field of Artificial Intelligence (AI) stands poised for a transformative leap. Leading companies like OpenAI and Meta are on the verge of unveiling new AI models capable of reasoning, marking a significant advance from current capabilities. While this advancement promises substantial progress across various sectors, it also necessitates a cautious approach to mitigate potential downsides. Traditionally, AI language models have excelled at tasks such as generating text, answering questions, or even composing creative pieces. However, their functionalities have remained siloed, lacking a broader understanding of context and interconnectedness. The next generation of AI models aspire to break these boundaries. - [Musk Predicts Superhuman AI by Next Year](https://news.shib.io/2024/04/11/musk-predicts-superhuman-ai-by-next-year/): Tech mogul Elon Musk has once again sparked controversy within the AI community with his latest bold prediction that superhuman artificial intelligence (AI) will exceed human intelligence by the end of next year. In an interview with Norges Bank CEO Nicolai Tangen on X on Sunday, Musk confidently stated, “My guess is we’ll have AI that is smarter than any one human probably around the end of next year.” The conversation has since been released as an episode on Musk’s podcast, “In Good Company”. Musk’s statement didn’t stop there; he went on to suggest that the aggregate intelligence of AI - [Never Miss an Airdrop, NFT Again: MetaMask's Latest Feature Tells You If You're Eligible](https://news.shib.io/2024/04/11/never-miss-an-airdrop-nft-again-metamasks-latest-feature-tells-you-if-youre-eligible/): MetaMask, a leading Web3 wallet, has introduced a groundbreaking feature that guarantees users will no longer overlook valuable airdrops or NFT claims. Enabled by its latest collaboration with the on-chain initiative Daylight, this feature aims to transform how users interact with and benefit from the ever-expanding universe of digital assets, ensuring they are always in the loop regarding new opportunities. The Web3 wallet, in a series of announcements made on the social media platform X (formerly Twitter), highlighted two remarkable updates to its platform aimed at enhancing user experience and engagement within the cryptocurrency ecosystem.  Firstly, MetaMask introduced a new - [Worldcoin Reinforces Privacy and Transparency with Unverify Option and Open-Sourcing Code](https://news.shib.io/2024/04/11/worldcoin-reinforces-privacy-and-transparency-with-unverify-option-and-open-sourcing-code/): Worldcoin, the blockchain-based digital ID platform, has taken important steps to address privacy concerns and build trust with users by introducing the ability to unverify World IDs through permanent iris code deletion and open-sourcing the Orb core code. The project, which assigns digital World IDs to users after scanning their irises to confirm personhood, has registered nearly five million people. To address privacy concerns, Worldcoin (WLD) now allows users to request the permanent deletion of their ‘iris code,’ a unique numeric representation of their iris texture. This move aligns with Worldcoin’s ongoing efforts to mitigate privacy concerns while promoting its vision - [Crypto Basics: Demystifying Digital Currencies for Beginners](https://news.shib.io/2024/04/11/crypto-basics-demystifying-digital-currencies-for-beginners/): Cryptocurrencies have emerged as a new form of currency, presenting a multitude of opportunities alongside inherent challenges. This guide serves as a primer, equipping you with a foundational understanding of digital currencies, blockchain technology, and the security measures surrounding crypto transactions. Delving into Cryptocurrencies Cryptocurrencies are digital or virtual currencies that leverage cryptography for enhanced security. While Bitcoin reigns supreme in name recognition, thousands of other cryptocurrencies exist, including SHIB. A key differentiator from traditional central bank-issued currencies is their decentralized nature. Cryptocurrencies operate on a revolutionary technology called blockchain. Understanding Blockchain Technology Blockchain can be likened to a distributed - [Global Crypto Regulation Landscape: An Overview](https://news.shib.io/2024/04/10/global-crypto-regulation-landscape-an-overview/): The crypto regulation environment continues to diverge worldwide, reflecting the varied approaches of different governments toward this burgeoning asset class. As we navigate through 2024, notable developments in major economies shed light on the evolving nature of crypto regulation. United Kingdom: In the UK, all companies intending to engage in cryptoasset activities are mandated to register with the Financial Conduct Authority (FCA) to secure a portion of the 4A permit. Moreover, under the Economic Crime and Corporate Transparency Act 2023, the UK government has empowered law enforcement with unprecedented authority to freeze and seize crypto assets sans conviction. El Salvador: - [Canada's $1.76 Billion AI Revolution: Fueling Innovation, Enhancing Productivity, and Securing Global Leadership](https://news.shib.io/2024/04/10/canadas-1-76-billion-ai-revolution-fueling-innovation-enhancing-productivity-and-securing-global-leadership/): In a significant move to strengthen Canada’s position in the global artificial intelligence landscape, Prime Minister Justin Trudeau announced a $1.76 billion (2.4 billion Canadian dollars) investment package on Sunday. The package aims to support AI-related startups, medium-sized enterprises, and research entities, ensuring Canada’s “AI advantage” in the rapidly evolving field. The investment includes a $1.47 billion allocation for the AI Compute Access Fund, which will enhance computing capabilities and AI-related infrastructure for the nation’s premier AI researchers and startups. This initiative will provide the necessary resources for these entities to innovate and contribute to the development of AI technologies. In addition, - [Seamless Crypto Purchases with Google Pay: Bybit Makes SHIB and Other Cryptocurrencies More Accessible](https://news.shib.io/2024/04/10/seamless-crypto-purchases-with-google-pay-bybit-makes-shib-and-other-cryptocurrencies-more-accessible/): Bybit, a leading global cryptocurrency exchange, integrated Google Pay as a payment option for its users on Wednesday, making it easier than ever to buy cryptocurrencies like SHIB and more. This move is part of Bybit’s commitment to provide users with the most convenient and cost-effective ways to enter the crypto market. The integration of Google Pay into Bybit’s platform allows users to purchase SHIB and other supported cryptocurrencies with a single click, regardless of their location. This streamlined process is a significant step towards eliminating the complexities traditionally associated with crypto purchases. Google Pay is a widely used digital wallet, - [Shiba Inu Surpasses 4 Million Wallets: A Milestone for Growing Adoption](https://news.shib.io/2024/04/10/shiba-inu-surpasses-4-million-wallets-a-milestone-for-growing-adoption/): Shiba Inu (SHIB) has reached a significant milestone, with its total number of addresses surpassing 4 million, IntoTheBlock data shows. This achievement highlights the increasing adoption and interest in SHIB, marking a pivotal moment in its journey within the cryptocurrency market. The total number of SHIB addresses holding a balance has also risen to 1.3 million, indicating a growing and robust user base. This milestone signifies a positive trend for SHIB, showcasing a broader community engagement and interest in the token. The rise in the number of addresses with a balance is a promising indicator of the token’s popularity and - [Grayscale's Strategic Shift: Navigating Bitcoin ETF Equilibrium Amid Market Dynamics](https://news.shib.io/2024/04/10/grayscales-strategic-shift-navigating-bitcoin-etf-equilibrium-amid-market-dynamics/): The cryptocurrency market is witnessing a significant shift as Bitcoin ETF outflows appear to be reaching a state of equilibrium, according to Michael Sonnenshein, the CEO of Grayscale Investments. After months of substantial investor selling, Sonnenshein told the latest edition of Reuters’ Inside ETFs that the fund is stabilizing, indicating a potential turnaround in the market dynamics. Despite total outflows from the Grayscale Bitcoin Trust exceeding $15 billion in the last three months, the surge in Bitcoin’s value has helped maintain Grayscale’s assets under management at $23.13 billion. Sonnenshein’s insights shed light on the factors contributing to the outflows, including - [ENTER THE DOGJO!](https://news.shib.io/2024/04/10/enter-the-dogjo/): Read the latest edition of The Shib magazine here. - [Crypto.com's Dubai branch finally granted a Virtual Assets Service Provider license](https://news.shib.io/2024/04/10/crypto-coms-dubai-branch-finally-granted-a-virtual-assets-service-provider-license/): Leading cryptocurrency platform Crypto.com said Tuesday that its Dubai operation has been granted a full Virtual Assets Service Provider (VASP) license. This makes Crypto.com the first global cryptocurrency firm authorized to operate with fiat currency in the UAE. Crypto.com said in statement CRO DAX Middle East FZE was issued the license by the Dubai Virtual Assets Regulatory Authority (VARA).  This license allows Crypto.com to offer a range of services, including exchange operations, broker-dealer functions, investment services, and lending and borrowing facilities, to both retail and institutional investors in the region. Crypto.com has been operating in Dubai since June 2022, when - [Beware! Fake SpaceX Eclipse Livestream with AI-Generated Musk Pushes Crypto Scam](https://news.shib.io/2024/04/10/beware-fake-spacex-eclipse-livestream-with-ai-generated-musk-pushes-crypto-scam/): A recent deceptive live stream on YouTube purportedly broadcast the total solar eclipse under the guise of SpaceX, featuring an AI-generated speech falsely attributed to Elon Musk, the CEO of SpaceX. The live stream, titled “Live: Solar Eclipse Spectacular 2024 of SpaceX,” showcased a pre-recorded video of Elon Musk addressing a crowd. However, the speech was altered using artificial intelligence software to promote a cryptocurrency investment opportunity with promises of doubling returns. A QR code was also displayed on the screen that directed viewers to a fraudulent website mimicking SpaceX. The fake livestream was first uncovered by iOS developer Mysk, - [Shibarium's Daily Transactions Skyrocket by 1,000%: A Sign of Potential SHIB Bull Run](https://news.shib.io/2024/04/10/shibariums-daily-transactions-skyrocket-by-1000-a-sign-of-potential-shib-bull-run/): Shibarium, the layer-2 blockchain solution for Shiba Inu, saw a staggering 1,000% increase in daily transactions on Tuesday, compared to the day before, surpassing the 75,000 mark, according to ShibariumScan.  This significant surge in activity is a strong indicator of the network’s growing popularity and adoption, signaling a potential bull run for SHIB. The impressive growth in daily transactions is not isolated. Shibarium has been consistently expanding since its mainnet launch in August last year. Despite a brief technical hiccup that resulted in a temporary developer-only mode, the network has recovered and thrived, reaching approximately 413 million transactions. This rapid growth trajectory - [Google Cloud Deepens Involvement in Blockchain, Joins EigenLayer Mainnet as Node Operator](https://news.shib.io/2024/04/10/google-cloud-deepens-involvement-in-blockchain-joins-eigenlayer-mainnet-as-node-operator/): Google Cloud has taken a significant stride into the Web3 arena with the launch of its EigenLayer Mainnet node operator, marking a notable development for the restaking protocol and its ecosystem. Sam Padilla, web3 product manager and node operator at Google Cloud, announced the milestone in a post Wednesday, expressing excitement about the successful deployment. Padilla congratulated the EigenLayer team for the achievement, underscoring the importance of the mainnet launch. Before this, Google Cloud actively participated in EigenLayer’s “Operator Working Group,” collaborating with 65 other operators and solo stakers, as revealed by statements from EigenLayer developers. Currently listed as a - [Shibarium Grabs Popcorn as Peter Brandt Takes Aim at Ethereum's 'Outrageous Gas Fees' Despite Dencun Upgrade](https://news.shib.io/2024/04/10/shibarium-grabs-popcorn-as-peter-brandt-takes-aim-at-ethereums-outrageous-gas-fees-despite-dencun-upgrade/): Shibarium, the layer-2 scalability solution of the Shiba Ecosystem, known for its comparatively lower gas fees, is assuming a front-row seat as Ethereum receives heavy scrutiny. Peter Brandt, a prominent crypto analyst and CEO, cast a spotlight on Ethereum’s persistent issue with “outrageous gas fees,” even after developments like the Dencun upgrade aimed at addressing these concerns.  In a recent critique of Ethereum, Brandt, a veteran analyst and the CEO of the global trading firm Factor LLC, brought to light his concerns regarding the platform’s functionality, zeroing in on two significant issues that, in his view, dampen the appeal of - [US Deputy Treasury Secretary Highlights Crypto Threats to National Security](https://news.shib.io/2024/04/10/us-deputy-treasury-secretary-highlights-crypto-threats-to-national-security/): U.S. Deputy Treasury Secretary Wally Adeyemo recently brought critical issues to the forefront as he testified before the Senate Committee on Banking, Housing, and Urban Affairs, shedding light on the imminent national security risks posed by cryptocurrencies. Highlighting the misuse of cryptocurrencies by nefarious entities to evade sanctions, Adeyemo emphasized the urgent need for additional tools to safeguard the American populace. The Treasury’s statement mentioned a historical instance of a Bitcoin money laundering network operated by al-Qaeda, as well as transactions involving the Islamic Revolutionary Guard Corps-Quds Force, Hamas, and the Palestinian Islamic Jihad. “Over the past several years, we - [How to Read Crypto Charts: A Guide for Beginners](https://news.shib.io/2024/04/10/how-to-read-crypto-charts-a-guide-for-beginners/): Understanding how to read crypto charts is a critical skill if you plan to venture into the markets. These charts, filled with lines, patterns, and indicators, can seem daunting to the uninitiated. However, with a basic understanding, they can become a powerful tool in your trading arsenal. Crypto charts serve as visual representations of a cryptocurrency’s price fluctuations over time. They come in various formats, with line charts, bar charts, and candlestick charts being the most prevalent. While each type offers distinct insights, candlestick charts are often favored by traders for their comprehensive analytical capabilities. A candlestick chart comprises individual - [Shiba Inu Bulls Alert: Expert Analyst Forecasts Price Surge - 'Time to Watch SHIB Closely!'](https://news.shib.io/2024/04/10/shiba-inu-bulls-alert-expert-analyst-forecasts-price-surge-time-to-watch-shib-closely/): Shiba Inu began April with a promising uptrend in its price, though it encountered intermittent volatility, resulting in its current position in the red zone. However, amid this volatility, a crypto trader advised holders to closely monitor SHIB, suggesting a potentially significant price surge on the horizon. Price Background In March, Shiba Inu (SHIB) experienced a mixed performance characterized by fluctuations in its price trajectory. At the beginning of the month, SHIB witnessed a surge in value, buoyed by positive sentiment and renewed interest from investors and fueled by various factors, including broader market optimism, positive developments within the Shiba - [Crypto Market Rebounds: VC Investments in Startups Surge to $2.5 Billion in Q1 2024](https://news.shib.io/2024/04/10/crypto-market-rebounds-vc-investments-in-startups-surge-to-2-5-billion-in-q1-2024/): The crypto market is showing signs of a strong rebound, with venture capital (VC) investments in crypto startups reaching a staggering $2.5 billion in the first quarter of 2024, according to recent reports from Bloomberg. This marks a 32% increase from the previous quarter and is roughly equal to the same period last year, according to PitchBook data. The surge in VC investments is attributed to larger funding rounds for crypto startups and the introduction of new venture capital funds dedicated to the digital asset space. This trend is expected to continue, with more venture firms launching new digital asset funds to capitalize - [Elon Musk's GROK Forecasts Shiba Inu's Surge: Positive Growth Expected by April 30](https://news.shib.io/2024/04/10/elon-musks-grok-forecasts-shiba-inus-surge-positive-growth-expected-by-april-30/): Shiba Inu (SHIB) currently finds itself in a downtrend, but if Elon Musk’s advanced AI tool, Grok, is to be believed, this situation may not last for much longer. Drawing from an analysis of diverse sources and technical indicators, Grok’s prediction points toward a potential upswing for SHIB by month-end, hinting at a considerable increase in its valuation. Insights Into The Forecast According to one analysis facilitated by Grok, SHIB is expected to reach a price of $0.00003 by April 30. This projection represents a modest but notable increase of 3.38% from its current valuation and is rooted in a - [Shiba Inu Investor's $5.7 Million Profit: A Testament to SHIB's Market Potential](https://news.shib.io/2024/04/09/shiba-inu-investors-5-7-million-profit-a-testament-to-shibs-market-potential/): Another day, another SHIB millionaire, a day trader, and SHIB enthusiast known as @Crypto__emily on X, revealed Monday her success in the meme coin market, disclosing a profit of $5.7 million from SHIB alone. Her journey, like many others’, began with a modest investment and a keen interest in the market. Despite the lack of clarity around the user’s investment strategy, there have been numerous instances of investors amassing significant wealth from Shiba Inu, often with initial investments of just a few thousand dollars. These success stories highlight the potential of SHIB, which has captured the attention of investors and the broader - [Crypto Scams to be Aware of in 2024](https://news.shib.io/2024/04/09/crypto-scams-to-watch-for-in-2024/): Crypto scams continue to evolve, deceiving millions of investors worldwide. Fraudsters employ cunning tactics and persuasive language to manipulate unsuspecting individuals. While some scams are new, others persistently resurface under different names. As the crypto landscape grows, staying informed and vigilant is crucial. Here are some prevalent crypto scams to be aware of in 2024: 1. Bitcoin Investment Schemes In this scheme, fraudsters pose as experienced investment managers. They claim to have amassed a large following through crypto investments, promising profitable returns. Unsuspecting investors fall prey to their persuasive tactics. Remember, legitimate investment opportunities don’t guarantee astronomical returns without risk. - [What is Crypto Mining: Mechanisms, Implications and Considerations](https://news.shib.io/2024/04/09/what-is-crypto-mining-mechanisms-implications-and-considerations/): In the crypto world, one fundamental process stands tall as the cornerstone of its functionality: crypto mining. This intricate procedure not only ushers new digital coins into circulation but also upholds the integrity of blockchain technology, the bedrock of these virtual assets. In this comprehensive exploration, we will navigate through the complexities of crypto mining, dissecting its mechanisms, economic ramifications, and environmental considerations. Understanding Crypto Mining At its essence, crypto mining includes two important functions: Transaction Validation: Miners undertake the task of solving complex computational puzzles to validate and secure transactions on the blockchain. This meticulous process ensures the precision - [Vitalik Buterin's Shibarium Snub: Shiba Inu Community Asks, 'Wen Us?'](https://news.shib.io/2024/04/08/vitalik-buterins-shibarium-snub-shiba-inu-community-asks-wen-us/): The Shiba Inu community is urging Ethereum founder Vitalik Buterin to acknowledge Shibarium as a key Ethereum layer-2 network. Despite Shibarium’s low fees and growing prominence, it was conspicuously absent from a list of layer-2 networks recognized by Buterin during a recent presentation on Ethereum’s Dencun hard fork. In a light-hearted response, Ragnar, a notable Shib ecosystem team member and community figure, asked Buterin when the Ethereum team plans to include Shibarium on the list. However, Buterin has yet to respond, leaving the Shiba Inu community wondering, “Wen Shibarium @VitalikButerin??” This omission is not the first time Buterin has underestimated Shiba - [Cryptocurrency Investor Loses $800,000 to Malicious Google Chrome Extensions](https://news.shib.io/2024/04/08/cryptocurrency-investor-loses-800000-to-malicious-google-chrome-extensions/): Another day, another crypto attack. In a shocking incident, a cryptocurrency investor, known as “Sell When Over” on X, lost $800,000 in crypto to two malicious Google Chrome browser extensions, named “Sync test BETA (colorful)” and “Simple Game”. The user suspects that these extensions contained keyloggers that targeted specific wallet extension apps. The user speculates in a series of posts on X, that the issue started after Google Chrome released an update last month, which forced the user to restart their computer after Windows released a PC update. Following the restart, all of the user’s extensions on Chrome were logged out, and all - [Gensler for Treasury: The Latest Plot Twist!](https://news.shib.io/2024/08/24/gensler-for-treasury-the-latest-plot-twist/): Hold on to your digital wallets, crypto enthusiasts! This week, we’ve got a doozy of a headline for you, straight from the uncharted territories of political rumor mill: Is Gary Gensler, the SEC’s reigning “crypto nemesis,” about to swap his enforcement cape for a Treasury Secretary badge under a hypothetical Kamala Harris administration? 🤔 Here’s the scoop, or rather, the speculative salad tossed by the Washington Reporter—a publication that sounds like it should come with a side of political intrigue. According to their unnamed sources (because nothing screams credibility like anonymous whispers), Gensler might be the Treasury’s next VIP. The - [Solana in a Jam: Vote Transactions, Validator Woes, and a Hint of Ponzi?](https://news.shib.io/2024/08/24/solana-in-a-jam-vote-transactions-validator-woes-and-a-hint-of-ponzi/): Have you heard about Solana being in a bit of a pickle as of late? It’s been accused of playing host to what looks suspiciously like a Ponzi scheme. 😨 Allegedly. 👀 Let’s find out why some critics are starting to wonder if Solana is really as decentralized and fair as it claims to be. 🕵🏽‍♀️🔎 There is a lot of movement on the chain – this much is true at least! 😁 But some onlookers are claiming it’s like only the big-name validators are getting the VIP treatment. As for the newcomers? Not so much. 🤔 So if you’re - [Crypto Pyramid Scheme Leader Extradited to China from Thailand](https://news.shib.io/2024/08/23/crypto-pyramid-scheme-leader-extradited-to-china-from-thailand/): Zhang Moumou, the leader of the notorious MBI Group, has been extradited from Thailand to China following a lengthy international manhunt.  Local Chinese media outlet The Paper reports that this extradition is the first case involving an economic crime under the China-Thailand Extradition Treaty, which was signed in 1999. Zhang’s operation, which began in 2012, involved an online pyramid scheme offering high returns through virtual digital currencies. According to the report, the scheme required participants to pay fees ranging from 700 to 245,000 yuan ($98 to $34,316) to join. Earnings were linked to recruiting new members and the level of - [NYSE Withdraws Bitcoin ETF Applications Amid SEC Scrutiny; Market Resilience and Positive Inflows Persist](https://news.shib.io/2024/08/23/nyse-withdraws-bitcoin-etf-applications-amid-sec-scrutiny-market-resilience-and-positive-inflows-persist/): The New York Stock Exchange (NYSE) has withdrawn its application to list and trade the Bitwise Bitcoin ETF and the Grayscale Bitcoin Trust, as per a recent Securities and Exchange Commission (SEC) filing. The SEC had extended its review period several times between April and July this year.  Along with the NYSE, the Chicago Board Options Exchange (CBOE) also withdrew its application, but it refiled its proposal with the SEC. The ongoing debate between security and stock exchanges and the SEC has spanned over a year, showcasing stringent oversight on Bitcoin and Ether ETFs concerning market manipulation, investor protection, and - [Binance Expands African Services with Mobile Money Crypto Trading Feature](https://news.shib.io/2024/08/23/binance-expands-african-services-with-mobile-money-crypto-trading-feature/): Global cryptocurrency exchange Binance has announced the expansion of its services in Africa, enabling users in Ghana, Tanzania, Uganda, and Zambia to trade crypto assets using mobile money accounts. The newly introduced One Click Buy and Sell (OCBS) feature, developed in partnership with Web3 payment company TransFi, is part of Binance’s global fiat on-ramp/off-ramp offering, aimed at increasing accessibility and simplifying the purchase and sale of digital assets across the region. The integration of mobile money into Binance’s platform is intended to provide seamless access to crypto assets, targeting the unbanked and underbanked communities in Africa. Binance emphasized that its initiative - [Trump Announces Launch of 'The Defiant Ones' Crypto Platform, Aims to Disrupt Traditional Finance](https://news.shib.io/2024/08/23/trump-announces-launch-of-the-defiant-ones-crypto-platform-aims-to-disrupt-traditional-finance/): Donald Trump, the former President of the United States and the current Republican Presidential candidate, announced the upcoming launch of his family’s cryptocurrency platform “The Defiant Ones” on Thursday.  Trump leveraged his social media platform, Truth Social, to make the announcement and to express his stance against traditional financial systems, followed by a mention of his official Telegram channel, “Official Trump DeFi Channel.”  Trump pointed out that Americans have been under the thumb of banks and financial aristocracy for too long and it is time for collective action.    This move follows Trump’s reputation as the first major nominee to - [Russia Unveils Plans for Crypto Exchanges to Boost Foreign Trade, Eyes Stablecoin](https://news.shib.io/2024/08/23/russia-unveils-plans-for-crypto-exchanges-to-boost-foreign-trade-eyes-stablecoin/): Russia is set to shake up the global cryptocurrency landscape with ambitious plans to launch domestic crypto exchanges aimed at boosting foreign trade and introducing a stablecoin. Russia is moving forward with plans to launch at least two cryptocurrency exchanges, one specifically designed to facilitate foreign economic activity (FEA) and trade, with the other being established in Moscow, a new report from Kommersant, a major Russian business-focused newspaper and media outlet, revealed.  The initiative, which is expected to operate within an experimental legal regime, reflects Russia’s ongoing efforts to navigate international sanctions and find new avenues for global trade. The - [Australian Court Rules Against Kraken’s Local Operator Over Regulatory Breach](https://news.shib.io/2024/08/23/australian-court-rules-against-krakens-local-operator-over-regulatory-breach/): Australia’s Federal Court has ruled against Bit Trade Pty Ltd, the local operator of the Kraken cryptocurrency exchange, for violating regulatory requirements concerning its margin trading product.The Australian Securities and Investments Commission (ASIC) brought the case, arguing that Bit Trade failed to comply with section 994B of the Corporations Act, which mandates a “target market determination” for financial products before offering them to consumers. The court found that Bit Trade’s “margin extension” product, available to Kraken users since October 2021, was offered without the necessary target market determination. Justice Nicholas J determined that “By issuing the Product to retail clients - [Exclusive: Corrupt Fun Launches Revolutionary Bot, a Game-Changer for Shibarium](https://news.shib.io/2024/08/23/exclusive-corrupt-fun-launches-revolutionary-bot-a-game-changer-for-shibarium/): The Shibarium ecosystem is bustling with new projects, and  Corrupt Fun (CFUN), a crypto project, is stepping in to provide a vital tool for their success: a free, all-in-one tipping, burning, and gaming bot.  In a recent interview, Metatron, a key figure behind Corrupt Fun, shed light on the bot’s capabilities and its mission to empower Shibarium’s burgeoning community. “We saw a need in the market,” Metatron explained, “a need for projects to engage their communities in meaningful ways. We wanted to offer a tool that helps projects flourish, not just on Shibarium, but on all EVM and Solana-based networks.”  - [CZ Not Yet Free, Transferred to Reentry Facility Ahead of September Release](https://news.shib.io/2024/08/23/cz-not-yet-free-transferred-to-reentry-facility-ahead-of-september-release/): The countdown to Changpeng Zhao’s release from prison has taken an unexpected turn. The crypto mogul has been moved to a reentry facility, raising questions about the timing of his return to the outside world. Former Binance CEO CZ, who is currently serving a four-month prison sentence for failing to maintain an effective Anti-Money Laundering program, has been transferred to a reentry facility in Long Beach, California.  While his official release date is scheduled for September 29, the move suggested that authorities are preparing him for a transition back into society.  While social media buzzed with claims that Binance founder - [DOJ Indicts Fiancée of Ex-FTX Executive on Campaign Finance Crimes](https://news.shib.io/2024/08/23/doj-indicts-fiance-of-ex-ftx-executive-on-campaign-finance-crimes/): Michelle Bond, the fiancée of convicted former FTX executive Ryan Salame, was indicted on federal charges in New York, accused of illegally funneling funds from the now-bankrupt cryptocurrency exchange into her 2022 congressional campaign.  The indictment, unsealed on Thursday, painted a picture of a scheme where Bond allegedly received $400,000 from an unidentified, foreign-based exchange arranged by her “romantic partner” – a clear reference to Salame.  This payment, prosecutors claim, was disguised as consulting fees, but immediately funneled into Bond’s campaign spending. Subsequent payments from Salame allegedly followed, further fueling her campaign coffers.  Bond is also accused of deceiving the - [Crypto Dominates Corporate Election Spending in 2024](https://news.shib.io/2024/08/22/crypto-dominates-corporate-election-spending-in-2024/): Crypto companies have contributed nearly 48% of the $248 million in corporate money to influence federal elections this year, according to a recent report. This spending is a new industry approach, leveraging political donations to shape the regulatory environment. The report also says that Fairshake, the crypto industry’s leading political action committee (PAC), has raised $202 million, with nearly $114 million sourced from corporate sponsors. Significant contributions have come from Coinbase and Ripple, two companies actively involved in regulatory battles. Fairshake’s fundraising success is attributed to its ability to attract substantial business dollars, alongside individual contributions from wealthy backers. The - [Binance to Hire 1,000 New Employees Focused on Compliance](https://news.shib.io/2024/08/22/binance-to-hire-1000-new-employees-focused-on-compliance/): Binance plans to add 1,000 employees in 2024, prioritizing compliance roles as the company faces increasing regulatory challenges. Richard Teng, Binance’s CEO, announced this during a visit to the U.S. on Wednesday, where he engaged with regulatory monitors and officials. Teng, who has a background in financial regulation, emphasized the need to strengthen compliance. “We’re very early in the journey,” Teng said, revealing that compliance expenditures have exceeded $200 million this year and continue to rise. According to Teng, Binance’s compliance team is expected to grow to 700 employees by the end of 2024, up from the current 500. Richard - [Shibarium Growth Spikes: New Transfers, Transactions, and Accounts Surge](https://news.shib.io/2024/08/22/shibarium-growth-spikes-new-transfers-transactions-and-accounts-surge/): Shibarium, the layer-2 scaling solution for the Shiba Inu ecosystem, is on a tear, experiencing explosive growth across key metrics just one year after its launch. Shibarium has witnessed a meteoric rise in its first year. Key metrics, including new transfers, transactions, and account creation, have surged dramatically, indicating a growing interest and adoption of the platform. A Breakdown of Growth This Week: BONE Transfers: New BONE transfers have increased by a staggering 1865.91%, from 88 to 1,730. This signifies a significant rise in activity within the Shibarium network. Transactions: The number of new transactions has skyrocketed by 1551.96%, from - [Shiba Inu Roars: Bullish Momentum Ignites, $100 Billion Market Cap In Sight?](https://news.shib.io/2024/08/22/shiba-inu-roars-bullish-momentum-ignites-100-billion-market-cap-in-sight/): Shiba Inu (SHIB) is making a comeback, with a recent surge in price fueling bullish predictions and igniting discussions about its future potential. The memecoin, currently trading at $0.00001405, has experienced a notable upswing, breaking through resistance levels and setting its sights on new highs. “SHIB is ready for a new and fresh start! I want to see this at $100B in 2024!” declared Crypto Sheriff, a prominent figure in the crypto community, on X. the post comes with a screenshot of a Shiba Inu chart., It shows that SHIB priced at $0.00001380 against USDT, reflecting a modest 0.73% increase - [The Grimace Rug Pull: A $700,000 Heist on McDonald's Instagram](https://news.shib.io/2024/08/22/the-grimace-rug-pull-a-700000-heist-on-mcdonalds-instagram/): In a brazen cyber heist, malicious actors took control of McDonald’s Instagram account to promote a bogus memecoin, netting a cool $700,000 in the process. The short-lived scam, dubbed “GRIMACE,” capitalized on the fast-food chain’s iconic purple character and the ongoing memecoin frenzy on the Solana blockchain. The attack unfolded swiftly. Hackers, calling themselves “India_X_Kr3w,” deployed GRIMACE using Pump.fun, a platform notorious for its memecoin creation tools. GRIMACE rocketed from obscurity to a $25 million market cap within a mere two hours after launch, fueled by posts on the compromised McDonald’s account. Investors, duped into believing the token was an - [Kamala Harris Advisor Suggests Crypto Regulations Could Be Less Strict, What VP Advisors Mean for Crypto](https://news.shib.io/2024/08/22/kamala-harris-advisor-suggests-crypto-regulations-could-be-less-strict-what-vp-advisors-mean-for-crypto/): In a potential game-changer for the digital asset landscape, a senior advisor to Vice President Kamala Harris has signaled that her administration may adopt a more supportive approach to cryptocurrency regulation. As the crypto community eyes the evolving political scene, Harris’ choice of advisors offers critical insights into how her administration might navigate the delicate balance between fostering innovation and ensuring robust oversight. “She’s going to support policies that ensure that emerging technologies and that sort of industry can continue to grow,” said Brian Nelson, senior advisor for policy for the Harris campaign, during a recent Bloomberg roundtable at the - [Unlocking the Potential of NFTs: An Exclusive Interview with Shib Games Operations Manager](https://news.shib.io/2024/08/21/unlocking-the-potential-of-nfts-an-exclusive-interview-with-shib-games-operations-manager/): In the realm of gaming, where players have long felt like mere pawns in a digital world, Non-Fungible Tokens (NFTs) emerge as a beacon of hope. Sagar, the operations manager at Shib Games, offers a visionary perspective on how NFTs can revolutionize the gaming landscape. By delving into the mechanics of NFT integration, economic sustainability, and player empowerment, Sagar paints a picture of a future where players are no longer passive participants but active stakeholders. NFTs have the potential to grant players true ownership of their digital assets, fostering a decentralized and player-driven economy that empowers players to shape the - [NFTs in Empowering Players: An Exclusive Interview with a Shib Games Game Designer](https://news.shib.io/2024/08/21/nfts-in-empowering-players-an-exclusive-interview-with-a-shib-games-game-designer/): Non-Fungible Tokens (NFTs) have emerged as a revolutionary force. Initially perceived as mere digital collectibles, NFTs are rapidly transforming into integral components of the gaming experience. Max, a game designer at Shib Games, provides invaluable insights into the potential of NFTs to enhance gameplay, foster player engagement, and create sustainable in-game economies. By delving into the intricacies of NFT integration, Max sheds light on the challenges and opportunities that lie ahead. From creating functional in-game elements to ensuring interoperability across platforms, NFTs offer a vast potential for innovation. As we explore the economic models, player ownership, and governance structures surrounding - [Shibarium @ 1](https://news.shib.io/2024/08/21/shibarium-1/): Read the latest edition of The Shib magazine here. - [Tether Announces New Stablecoin Pegged to UAE Dirham](https://news.shib.io/2024/08/21/tether-announces-new-stablecoin-pegged-to-uae-dirham/): Tether has launched a new stablecoin pegged to the United Arab Emirates Dirham (AED). The move is part of a strategic partnership with UAE-based Phoenix Group and Green Acorn Investments.  Tether said in a statement Wednesday that the stablecoin will be “fully backed by liquid UAE-based reserves” and will adhere to its “transparent and robust reserve standards.” The stablecoin aims to provide a digital representation of the UAE dirham. Tether’s CEO, Paolo Ardoino, highlighted the importance of the new stablecoin, stating, “The UAE is becoming a significant global economic hub.”  He added that the Dirham-pegged stablecoin would be a “valuable - [Mt. Gox Moves Over $700M in Bitcoin Amid Speculation Over Creditor Distribution](https://news.shib.io/2024/08/21/mt-gox-moves-over-700m-in-bitcoin-amid-speculation-over-creditor-distribution/): Defunct crypto exchange Mt. Gox has transferred 13,265 Bitcoin (BTC) valued at approximately $784 million. This marks the exchange’s first major on-chain activity since late July. Blockchain analytics firm Arkham Intelligence reported that 12,000 BTC, worth $709 million, were sent to a new, empty wallet beginning with “1PuQB,” while the remaining 1,265 BTC, valued at $75 million, were sent to a wallet identified as Mt. Gox’s cold storage. The large transfer has fueled speculation regarding potential Bitcoin distribution to creditors. However, Alex Thorn, head of research at Galaxy Digital, argues that only a small portion of the moved funds—around $74.5 - [Shiba Eternity Goes Web3: Early Access is Here!](https://news.shib.io/2024/08/21/shiba-eternity-goes-web3-early-access-is-here/): So, Shiba Eternity has finally gone all Web3 on us, eh? And guess who gets the golden ticket? That’s right, you lucky LEASH stakers. We’re told this is just the start of a beautiful Web3 journey for the game, with promises of Shibarium integration and all sorts of shiny new features. “We’re ecstatic that our closed beta is now out for the world to play with; it’s a significant milestone for the team. Core gameplay stays true to the fun, competitive, and collectible card game that has resonated with our players,” Shib Games lead Angel exclusively told The Shib Daily. - [Brazil Approves Another Solana ETF—Will the US Follow?](https://news.shib.io/2024/08/21/brazil-approves-another-solana-etf-will-the-us-follow/): The Brazilian Securities and Exchange Commission (CVM) has approved a second Solana (SOL) exchange-traded fund (ETF), according to its central database. Despite the altcoin becoming popular in Brazil, its journey towards getting an ETF approved in the United States is still uncertain. As per the central database, this new ETF, still in a pre-operational phase, is offered by Hashdex, a Brazil-based asset manager with $962 million in assets under management, in partnership with the local investment bank BTG Pactual. Hashdex has previously introduced multiple crypto-based ETFs on the B3 Brazilian stock exchange, including the Nasdaq Crypto Index and ETFs tied to - [Shiba Inu Leaders to Relinquish Control, Aim for Full Community Governance by End of 2024](https://news.shib.io/2024/08/21/shiba-inu-leaders-to-relinquish-control-aim-for-full-community-governance-by-end-of-2024/): In a surprising move towards radical decentralization, the pseudonymous leaders behind Shiba Inu, Shytoshi Kusama and Kaal Dhairya, have announced their intention to hand over control of the project to the community by the end of 2024. The announcement came during a rare interview where both developers appeared masked and with modulated voices, further solidifying their commitment to anonymity. Kusama emphasized that the strength of Shiba Inu lies not in individual figureheads, but in its vibrant community.  “There’s no need for my face to become a public figure,” Kusama stated. “Let the mask remain famous. The power of SHIB is - [Experts Debunk Viral Claim of Kamala Harris Endorsing Biden's Capital Gains Tax](https://news.shib.io/2024/08/21/experts-debunk-viral-claim-of-kamala-harris-endorsing-bidens-capital-gains-tax/): A wave of social media posts claiming Vice President Kamala Harris endorsed President Biden’s controversial capital gains tax proposal has been swiftly debunked by experts, revealing a pattern of misinformation and “engagement farming” within the crypto community. The controversy erupted following a report from The Wall Street Journal (WSJ) highlighting Harris’s endorsement of raising the corporate tax rate, a separate tax, from 21% to 28%. This proposal aligns with President Biden’s economic agenda and aims to fund various policy initiatives, including an expansion of the child tax credit.  James Singer, a spokesperson for Harris’s campaign, had described the suggested increase - [Shiba Inu’s Shytoshi Kusama Unveils Motivation Behind 'Self-Sovereign Identity and Karma & Reputation Tools'](https://news.shib.io/2024/08/21/shiba-inus-shytoshi-kusama-unveils-motivation-behind-self-sovereign-identity-and-karma-reputation-tools/): Shiba Inu’s lead developer, Shytoshi Kusama, has revealed the rationale behind the development of tools like Self-Sovereign Identity and Karma & Reputation within the Shib tech stack. In a recent X post, Shiba Inu lead developer Kusama brought attention to the ever-present threat of scams and rug pulls within the cryptocurrency space. Rather than a direct explanation, Kusama opted for a powerful demonstration, retweeting a video interview featuring a self-proclaimed rug puller detailing their tactics The video, created by YouTuber @NFTNate_, delves into the methods used by an anonymous individual (@0x__Phantom) to execute rug pulls on the PumpFun platform, often - [Shiba Inu's Shytoshi Kusama: BONE is Indispensable for Future Growth](https://news.shib.io/2024/08/21/shiba-inus-shytoshi-kusama-bone-is-indispensable-for-future-growth/): Shiba Inu’s lead developer, Shytoshi Kusama, has reaffirmed the critical role of the governance token, BONE, in the project’s future. In response to a query on X, Kusama emphasized that BONE is deeply integrated into Shiba Inu’s governance and technology, making it a vital component for the project’s success. “Bone is completely integrated into our governance and technology,” Kusama declared in his X post. “It’s not a question of it becoming known, it is vital to our future!” His statement underscored the significance of BONE as a cornerstone of the Shiba Inu ecosystem. ShibaSwap Bone (BONE) serves as the governance - [Binance Says It Stopped $2.4B in Fraudulent Transactions During Jan-July Period](https://news.shib.io/2024/08/20/binance-says-it-stopped-2-4b-in-fraudulent-transactions-during-jan-july-period/): Binance said it has prevented over $2.4 billion in potential losses from scams and fraudulent activities between January and July of this year. In a statement Tuesday, the company revealed that its managed to protect more than 1.2 million users through its risk management strategies, which rely on a combination of artificial intelligence and manual review. Binance said that its internal risk engine monitors transactions across Binance’s platform, covering peer-to-peer trading, payments, and crypto withdrawals. The system identified crypto withdrawals as the stage where suspicious transactions were most often detected, with $1.1 billion, or 45% of the total prevented losses, - [Circle’s Euro Stablecoin EURC Surpasses €50M Market Cap](https://news.shib.io/2024/08/20/circles-euro-stablecoin-eurc-surpasses-e50m-market-cap/): Circle’s euro-pegged stablecoin, EURC, has surpassed a market capitalization of €50 million (US$55.5 million). Patrick Hansen, Circle’s Senior Director of EU Strategy & Policy, revealed that the stablecoin has experienced a 36% increase in issuance due to its recent launch on Base, an Ethereum Layer-2 solution incubated by Coinbase, and an uptick in activity on the Ethereum network. EURC is currently listed on platforms such as Coinbase, Bitpanda, Bitstamp, and Bitvavo. Hansen clarified that EURC remains the biggest euro-denominated stablecoin in circulation, especially after its AEUR equivalent, originating from Switzerland, stopped issuing and redeeming due to its association with Flowbank, - [Binance Dominates Among Chinese-Speaking Crypto Users, Survey Shows](https://news.shib.io/2024/08/20/binance-dominates-among-chinese-speaking-crypto-users-survey-shows/): Binance is the most popular cryptocurrency exchange among Chinese-speaking users, a survey has found. The exchange holds more than 60% of the market share in several key categories, including users with the largest crypto holdings, the highest earners, and those most active in new cryptocurrency listings, a survey by Hong Kong publication TechFlow has found. Additionally, 96% of respondents identified Binance as their most frequently used platform. The survey was conducted between May and June this year.   The survey participants were Chinese-speaking users, but it did not clarify whether they resided within mainland China. The survey is notable given - [Crypto Ownership Among Young Voters Could Influence 2024 US Election: Report](https://news.shib.io/2024/08/20/crypto-ownership-among-young-voters-could-influence-2024-us-election-report/): Cryptocurrency ownership is increasing among young Democratic and Republican voters in swing states, making it a key factor that could determine who will win the high-stakes U.S. presidential election between former President Donald Trump and current Vice President Kamal Harris. Forty-one percent of voters under 35 who own cryptocurrency in battleground states identify as Democrats, while 39% identify as Republicans, a study conducted in July by Impact Research has found. The study indicates a growing interest in digital assets that cuts across party lines, a fact that cannot be ignored by either party as Trump and Harris are polling neck - [Shiba Inu Army Marches On: Over 1.4 Million Holders Strong](https://news.shib.io/2024/08/20/shiba-inu-army-marches-on-over-1-4-million-holders-strong/): With a growing army of over 1.4 million holders, Shiba Inu defies market odds and strengthens its position as a crypto contender. The community’s resilience is put to the test as the meme coin navigates a complex landscape, including the unexpected involvement of the U.S. government. The Shiba Inu (SHIB) community continues to demonstrate remarkable resilience as the number of SHIB holders climbs past 1.4 million, according to data from Ethereum blockchain explorer Etherscan. This milestone signifies growing confidence in the meme coin’s long-term potential, even amidst ongoing market volatility and the intriguing revelation that the U.S. government holds a - [SEC Questions Solana's Regulatory Status Ahead of SOL ETF 194-B Vanishing: Report](https://news.shib.io/2024/08/20/sec-questions-solanas-regulatory-status-ahead-of-sol-etf-194-b-vanishing-report/): The path to a Solana ETF just got rockier.  The U.S. Securities and Exchange Commission (SEC) has reportedly expressed concerns over Solana’s potential classification as a security, ahead of the vanishing of the 19b-4 filings for prospective Solana ETFs from the Cboe. According to a recent report which quoted “sources familiar with the matter,” as its source of information, the SEC held discussions with potential Solana ETF issuers, including VanEck and 21Shares, regarding its concerns about Solana’s regulatory status. Following these discussions, both the SEC and Cboe reportedly mutually agreed to withdraw the 19b-4 filings from the Cboe BZX and - [Beware: Malicious Actors Masquerade as K9 Finance DAO to Defraud Investors](https://news.shib.io/2024/08/20/beware-malicious-actors-masquerade-as-k9-finance-dao-to-defraud-investors/): Crypto investors are on high alert as malicious actors impersonate legitimate projects to steal funds. In the latest incident, scammers have masqueraded as K9 Finance DAO, a prominent figure in the Shiba Inu ecosystem, to defraud unsuspecting community members. The rapidly expanding Shiba Inu community finds itself in the crosshairs found itself in the crosshairs of malicious actors, as reports emerged of scammers impersonating the K9 Finance DAO in an attempt to drain users’ crypto assets.  Shibarmy Scam Alerts, a community watchdog group, “dedicated to exposing scams and protecting” users, issued a warning on Monday via X (formerly Twitter) alerting - [Shiba Inu 'Heavy Bullishness' Imminent, Poised to Climb Over 498%, Says Crypto Trader](https://news.shib.io/2024/08/20/shiba-inu-heavy-bullishness-imminent-poised-to-climb-over-498-says-crypto-trader/): Shiba Inu (SHIB) is poised for a dramatic price surge, according to a bullish prediction from a prominent crypto trader. The meme coin is on the cusp of a massive rally, with the potential to climb over 498%, igniting excitement among investors. The price of Shiba Inu is showing signs of a major bullish breakout, according to crypto trader Javon Marks (@JavonTM1 on X). In a recent X (formerly Twitter) post, The crypto trader highlighted that SHIB is approaching the critical juncture of a “massive Falling Wedge pattern” on the daily chart.  “$SHIB’s ≈6X: Prices of Shiba are currently nearing - [Gensler to Treasury? Custodia Bank Founder Cries Foul, Hints at Chairman's Political Gamesmanship](https://news.shib.io/2024/08/19/gensler-to-treasury-custodia-bank-founder-cries-foul-hints-at-chairmans-political-gamesmanship/): A potential power play or a phantom menace? Rumors swirling around SEC Chair Gary Gensler potentially taking the reins of the Treasury Department under a hypothetical Harris administration have been forcefully dispelled by Custodia Bank founder Caitlin Long, who, citing insider information, suggests the source of the speculation might be Gensler himself, engaging in a bit of strategic mischief-making.  The crypto sphere was abuzz with speculation on Monday over rumors that Securities and Exchange Commission Chairman might be tapped for the Treasury Secretary position under a potential Harris administration. This fueled anxiety within the industry, given Gensler’s often-adversarial approach to - [Bitwise Expands into Europe with Acquisition of London-Based ETC Group](https://news.shib.io/2024/08/19/bitwise-expands-into-europe-with-acquisition-of-london-based-etc-group/): Bitwise Asset Management has announced its acquisition of the London-based ETC Group, expanding its footprint into the European market. The deal incorporates ETC Group’s nine exchange-traded products (ETPs) into Bitwise’s portfolio. With the acquisition, Bitwise’s total assets under management (AUM) have now surpassed $4.5 billion, including ETC Group’s $1 billion in assets, according to an announcement on the company’s website today. ETC Group is known for its physically-backed crypto ETPs listed across Europe, including products like the physical Bitcoin ETP (BTCE) and a staked Ethereum ETP (ET32). These products have gained significant traction in the European market and will soon - [Rise in 'Pig Butchering' Crypto Scams Drains Americans' Savings](https://news.shib.io/2024/08/19/rise-in-pig-butchering-crypto-scams-drains-americans-savings/): The United States has seen a significant rise in cryptocurrency scams, particularly through a scheme known as “pig butchering.” In these scams, fraudsters engage in lengthy communication with victims, often pretending to form a genuine relationship before convincing them to invest in fake cryptocurrency platforms. The FBI’s 2023 Internet Crime Report indicates that investment scams have surged by 38%, with losses reaching $4.57 billion. Of this total, $3.96 billion is attributed to fraudulent crypto schemes. These scams are characterized by the gradual building of trust through continuous flattery and false promises. The scam’s name comes from the tactic of “fattening - [Bitcoin ETFs See Strong Weekly Inflows as Ethereum ETFs Face Outflows](https://news.shib.io/2024/08/19/bitcoin-etfs-see-strong-weekly-inflows-as-ethereum-etfs-face-outflows/): The global ETF market saw notable fluctuations last week as Bitcoin exchange-traded funds (ETFs) registered a net inflow of $32.58 million, showing a renewed interest among investors. Fidelity’s FBTC ETF led with an inflow of $82.11 million, while BlackRock’s IBIT ETF followed closely with $71.07 million. On the other hand, Grayscale’s GBTC ETF experienced a significant outflow of $195 million, according to SoSoValue data. This comes after Bitcoin investment funds faced two weeks of substantial outflows, losing $169 million and $80 million, respectively. The inflows contributed to a marginal increase in Bitcoin’s price, which had seen a decline of 9% - [Vitalik Buterin Registers Ethereum Domain Focused on Defensive Accelerationism](https://news.shib.io/2024/08/19/vitalik-buterin-registers-ethereum-domain-focused-on-defensive-accelerationism/): Ethereum co-founder Vitalik Buterin recently acquired a new Ethereum Name Service (ENS) domain, “dacc.eth,” for 0.187 ETH, valued at just under $500.  This purchase occurred ahead of a scheduled discussion on Aug. 22 regarding the concept of “defensive accelerationism” (d/acc) in an X Spaces event. Buterin will discuss the idea with Prime Intellect founder Vincent Weisser and Skylar Weaver, who leads Devcon at the Ethereum Foundation. The concept of defensive accelerationism was initially introduced by Buterin in a November 2022 blog post titled “My Techno-Optimism.” The philosophy focuses on promoting technological development with caution, advocating for human-AI collaboration and decentralization. - [Shytoshi Kusama Brings Ryoshi's Dream to Life with Shiba Inu Masterplan](https://news.shib.io/2024/08/19/shytoshi-kusama-brings-ryoshis-dream-to-life-with-shiba-inu-masterplan/): The Shiba Inu community, a digital pack known for its fervent loyalty, faced a defining moment in May 2021 when Ryoshi, the enigmatic creator of the crypto project, vanished without a trace. Social media feeds once ablaze with cryptic messages fell silent as their architect disappeared into the digital ether. Yet, far from crumbling, the community rallied, their unwavering support for the project proving stronger than ever. Stepping into the breach was Shytoshi Kusama, another enigmatic figure within the Shiba Inu ecosystem. With a steady hand, Kusama assumed stewardship, honoring Ryoshi’s vision while charting a course for the future. Draped - [China to Unban Crypto? Rumors Swirl Amid Speculation and Skepticism](https://news.shib.io/2024/08/19/china-to-unban-crypto-rumors-swirl-amid-speculation-and-skepticism/): The crypto world is abuzz with speculation that China, a country known for its stringent stance on digital assets, might be preparing to lift its long-standing ban on Bitcoin and other cryptocurrencies. The rumors, fueled by whispers of a potential shift in policy and the influence of pro-crypto stances in the upcoming U.S. elections, have sent a ripple of excitement through the market. Various sources and crypto enthusiasts have pointed to behind-the-scenes discussions and potential policy changes as evidence of this potential seismic shift. The implications are enormous. China, with its vast population and technological prowess, could unleash a wave of new - [Shytoshi Kusama Outlines Shiba Inu's Ambitious Plan: A New 'Operating System for the World'](https://news.shib.io/2024/08/19/shytoshi-kusama-outlines-shiba-inus-ambitious-plan-a-new-operating-system-for-the-world/): Shytoshi Kusama, the enigmatic figurehead of the Shiba Inu ecosystem, has unveiled an audacious blueprint for the project’s future: a new decentralized operating system. Breaking free from the confines of the cryptocurrency world, Shiba Inu is aiming to build a comprehensive digital infrastructure that could redefine how we interact with technology. Speaking at this year’s Blockchain Futurist Conference, Kusama laid out his ambitious vision, emphasizing the need for a fundamental shift in how we approach technology. “If there’s anything we learned… it’s that we need a new worldwide decentralized system,” Kusama declared, highlighting the limitations and vulnerabilities of existing centralized - [Florida Woman Claims Google Negligence Led to $5M Crypto Loss](https://news.shib.io/2024/08/19/florida-woman-claims-google-negligence-led-to-5m-crypto-loss/): A Florida woman is taking on tech giant Google, alleging that the company’s negligence enabled the theft of $5 million worth of her cryptocurrency.   The lawsuit, filed in a California state court, centered around a malicious app downloaded from the Google Play Store, raising serious questions about the security of app marketplaces and the growing threat of crypto-related scams. Maria Vaca, the plaintiff, claimed she downloaded the Yobit Pro app believing it to be a legitimate cryptocurrency wallet, trusting in Google’s reputation for providing a safe and secure platform. However, the app allegedly turned malicious, granting cybercriminals access to her mnemonic - [Shytoshi Kusama Sheds More Light on ShibHub, 'The Heart of Shiba Inu Ecosystem'](https://news.shib.io/2024/08/19/shytoshi-kusama-sheds-more-light-on-shibhub-the-heart-of-shiba-inu-ecosystem/): A year ago, the Shiba Inu community caught a glimpse of the future when Shytoshi Kusama first mentioned ShibHub at the Blockchain Futurist Conference. Now, the veil has lifted as the visionary of the crypto project has unveiled the ambitious project in greater detail, positioning it as the “heart of the Shiba Inu ecosystem.” Based on the presentation at this year’s Conference, ShibHub, beyond being a platform, is an ambitious stride towards a self-sustaining digital nation within the Shiba Inu ecosystem. This “super app” aims to empower users by fusing earning, learning, connecting, and creating within a decentralized environment built - [The Weekly Meme Digest](https://news.shib.io/2024/08/17/the-weekly-meme-digest-12/): Welcome to this week’s edition of the Weekly Meme Digest, where we laugh to keep from crying about the state of the crypto world! This week, the meme lords are sharpening their knives because the TradFi (Traditional Finance) giants are muscling into our beloved decentralized playground. Yep, the same folks who once laughed at Bitcoin are now buying up crypto ETFs like they’re on clearance at Walmart. Should we be flattered or just plain scared? 🤔 But wait, there’s more! Vitalik Buterin is out here unmasking the “Dark DAOs” (cue the dramatic music 🎻), while Dubai is saying, “Paychecks in - [Not a Word About Crypto: Trump and Musk's Conversation Leaves Bettors in the Dust](https://news.shib.io/2024/08/17/not-a-word-about-crypto-trump-and-musks-conversation-leaves-bettors-in-the-dust/): Did you catch the lengthy chat between Donald Trump and Elon Musk on X? 🗣️🎙️ It was a two-hour interview that covered a smorgasbord of topics, from illegal immigration to AI and even global warming. Everything was on the table. Well, not everything really. 😬 They completely skipped over crypto! 😭😰 We heard the crypto bros were not very happy about this. 🤧 Not surprising! Imagine hosting a party and forgetting to invite the life of the party! 😅 And it’s unlike Musk to not be aware that bettors were relying heavily on Trump talking about crypto, with over $800,000 - [Dubai Goes Full Crypto: Paychecks in Tokens? Say No More!](https://news.shib.io/2024/08/17/dubai-goes-full-crypto-paychecks-in-tokens-say-no-more/): Dubai, the land where skyscrapers touch the clouds and everything shines just a bit brighter, has just taken its love for all things flashy to a whole new level. The Dubai Court of First Instance just ruled that you can now get paid in cryptocurrency. Yes, you heard that right—your next paycheck might come in the form of EcoWatt tokens. This move is as flashy as a Lambo at a crypto conference, but let’s dig into whether this is the future of finance or just another wild ride in the world of digital currency. 🥶🎢 The Case That Shook the - [Trump's Crypto Revolution? Howard Lutnick Takes the Helm—Strap In, Crypto World!](https://news.shib.io/2024/08/17/trumps-crypto-revolution-howard-lutnick-takes-the-helm-strap-in-crypto-world/): In a plot twist that could only be scripted by the wildest minds in the blockchain universe, Donald Trump, the former U.S. president and perennial headline-maker, has reportedly tapped Howard Lutnick, CEO of Cantor Fitzgerald, to co-chair his transition team if he reclaims the White House. And let’s just say, the crypto world is buzzing harder than a Bitcoin miner at full throttle. 🧨🔋 What’s the Big Deal? 🎯 For those wondering why this matters (and why your favorite crypto influencer is tweeting non-stop about it), here’s the scoop: Lutnick isn’t just any Wall Street bigwig. He’s the guy whose - [Vitalik Buterin Unmasks the Dark Side of DAOs](https://news.shib.io/2024/08/17/vitalik-buterin-unmasks-the-dark-side-of-daos/): Vitalik Buterin, the crypto Gandalf who birthed Ethereum from the digital ether, is back at it again. This time, he’s not conjuring up new tokens or smart contracts; he’s conjuring up a nightmare scenario for DAOs. 😱 Apparently, DAOs – those democratic, decentralized collectives of crypto enthusiasts – are susceptible to a new breed of evil: bribery. Yes, you heard it right. Your favorite DAO could be as corrupt as a politician on election day. 🤑 Buterin and his merry band of researchers at Cornell University have uncovered a sinister plot: “dark DAOs.” These shadowy entities could potentially manipulate voting - [Major Banks Taking Over Crypto? Should Degens be Worried?](https://news.shib.io/2024/08/17/major-banks-taking-over-crypto-should-degens-be-worried/): Well, well, well, look who’s sliding into the DMs of the crypto world—none other than the big boys of Wall Street! It seems the traditional finance (TradFi) titans are trading in their suits for hoodies, diving headfirst into the world of Bitcoin exchange-traded funds (ETFs). The question on everyone’s lips is: should the crypto degens be worried, or is this just another bullish signal for the market? Let’s dig in, shall we? 🚀📈 Goldman Sachs, Capula Management, and Avenir Tech – names you’d usually associate with boring financial stuff – have become the biggest Bitcoin ETF buyers. It’s like your - [Is SOL ETF Dead on Arrival? Legal Expert Weighs in as VanEck, 21Shares Solana ETF Forms Vanish](https://news.shib.io/2024/08/17/is-sol-etf-dead-on-arrival-legal-expert-weighs-in-as-vaneck-21shares-solana-etf-forms-vanish/): The Sol ETF dream may be over before it begins. VanEck and 21Shares’ 19b-4 filings for their respective Solana ETFs have mysteriously vanished from the CBOE website. A finance lawyer suggested the abrupt removal signals the Securities and Exchange Commission’s (SEC) stance on Solana ETFs: dead on arrival. These forms, crucial for any exchange seeking to list a new product, were filed on July 8. Typically, when an exchange files a 19b-4, the SEC issues a Notice of Filing, initiating a formal review process. However, in this case, no such notice was released. This unusual circumstance has prompted speculation within - [ShibTorch Ignites: Community-Driven SHIB Burning Now Live on Shibarium](https://news.shib.io/2024/08/16/shibtorch-ignites-community-driven-shib-burning-now-live-on-shibarium/): The flames of change are rising for the Shiba Inu ecosystem. ShibTorch, the highly anticipated community-driven burn portal, is now live on the Shibarium Layer-2 network.  The interactive dashboard of ShibTorch grants the Shiba Inu community the power to not only track but actively participate in the burning of SHIB tokens. Every transaction on Shibarium contributes fuel to this fiery initiative.  Base fees from Layer 2 transactions are locked into a dedicated burn contract on Shibarium, while priority fees reward network validators.  As BONE, the governance token of the Shibaswap and the gas fee token of Shibarium, accumulates within the - [IMF Proposes Higher Energy Taxes for Crypto Mining and AI Data Centers](https://news.shib.io/2024/08/16/imf-proposes-higher-energy-taxes-for-crypto-mining-and-ai-data-centers/): The International Monetary Fund (IMF) has recommended energy tax increases targeting the crypto mining and artificial intelligence data center sectors, pointing out that they guzzle power and have a negative impact on the environment. In a Thursday report, the fund said these industries collectively consumed 2% of global electricity in 2022, which could rise to 3.5% within three years based on projections from the International Energy Agency (IEA). The report revealed that one Bitcoin transaction consumes as much electricity as an average person in Ghana or Pakistan would use in three years. Additionally, AI data centers are reported to require - [Dubai Court Approves Cryptocurrency Wages in Landmark Ruling](https://news.shib.io/2024/08/16/dubai-court-approves-cryptocurrency-wages-in-landmark-ruling/): In a groundbreaking order that paves the way for employees to be paid in cryptocurrency, a Dubai court has ruled that an employee who was fired by his employer be paid in EcoWatt tokens.  On Thursday, the Dubai Court of First Instance adopted a progressive stance by addressing an employment dispute which involved EcoWatt tokens. EcoWatt (EWT) is a token associated with the EcoWatt project which promotes sustainable energy solutions.   The ruling not only acknowledged cryptocurrency as a mode of payment but also ordered the payment to be made in EcoWatt tokens instead of fiat.  In its ruling, the court - [Thailand Police Hunt Chinese Suspects in $2M Crypto Home Robbery](https://news.shib.io/2024/08/16/thailand-police-hunt-chinese-suspects-in-2m-crypto-home-robbery/): Police in Pathum Thani are searching for four Chinese nationals who allegedly broke into a luxury house in Muang district and forced a Chinese businessman to transfer $2 million (approximately 70 million baht) in cryptocurrency. According to a local media report, the incident occurred around 2 a.m. on Wednesday at a residence in Ban Mai subdistrict. The victim, identified as 35-year-old Ke Jibao, reported that he and his wife were asleep when the suspects entered their bedroom. The intruders, wearing balaclavas and armed with guns and knives, tied up Mr. Ke, his wife, and a maid. The robbers then demanded - [Bank of Ghana Introduces New Guidelines for Regulating Cryptocurrencies](https://news.shib.io/2024/08/16/bank-of-ghana-introduces-new-guidelines-for-regulating-cryptocurrencies/): The Bank of Ghana (BoG) recently laid down several rules and draft guidelines for regulating cryptocurrencies and digital assets within the country. This follows after an extensive internal review of cryptocurrencies like Bitcoin, Tether, and others.  The BoG has had a rigid stance on cryptocurrencies. It had also prohibited financial institutions from engaging in any kind of crypto transactions.   On Friday, the BoG issued several guidelines on digital assets. “These guidelines are intended to expose the bank’s proposed regulatory measures and solicit feedback from industry and the public. This is in line with the bank’s commitment to continuously evolve - [Marathon Digital Acquires $250M in Bitcoin Following $300M Note Sale](https://news.shib.io/2024/08/16/marathon-digital-acquires-250m-in-bitcoin-following-300m-note-sale/): Marathon Digital Holdings has expanded its Bitcoin reserve by acquiring 4,144 BTC between Aug. 12 and 14. The company purchased these assets at an average price of $59,500 per Bitcoin, totaling approximately $249 million. Following this purchase, Marathon’s Bitcoin holdings have grown to more than 25,000 BTC, solidifying its position among the top corporate Bitcoin holders. This acquisition was funded through a recently completed $300 million private offering of 2.125% convertible senior notes, announced on Aug. 14. The offering saw strong demand from institutional investors, who fully exercised their option to purchase an additional $50 million in notes, increasing the - [South Korea’s National Pension Service Invests in MicroStrategy](https://news.shib.io/2024/08/16/south-koreas-national-pension-service-invests-in-microstrategy/): The National Pension Service (NPS) of South Korea has expanded its exposure to digital asset companies by acquiring 245,000 shares of MicroStrategy during the second quarter of 2024. According to a recent 13F Quarterly filing submitted to the U.S. Securities and Exchange Commission on Aug. 16, the shares were purchased for approximately 46 billion won ($33.7 million), representing 0.04% of NPS’s U.S. stock portfolio. This investment continues NPS’s strategy of integrating crypto-related firms into its portfolio. In the third quarter of 2023, NPS purchased 282,673 shares of Coinbase, which is its first significant move into the digital asset space. The - [Are You Paying Attention? Major Banks Join the Bitcoin Rush Through ETFs](https://news.shib.io/2024/08/15/are-you-paying-attention-major-banks-join-the-bitcoin-rush-through-etfs/): The world of finance is taking notice of Bitcoin, and not just in a casual way. Major institutions, including banking behemoths Goldman Sachs and Morgan Stanley, have made significant investments in Bitcoin exchange-traded funds (ETFs) during the second quarter of 2024, according to regulatory filings released Wednesday. This is a major development for the crypto world, signaling a growing level of institutional confidence in the asset class.  It’s not just a few players dipping their toes;  Goldman Sachs alone purchased an estimated $418 million worth of several Bitcoin ETFs, with a particular preference for BlackRock’s iShares Bitcoin ETF. Morgan Stanley - [Did the US Government Sell Over $593M in Bitcoin?](https://news.shib.io/2024/08/15/did-the-us-government-sell-540m-in-bitcoin/): A bombshell rocked the cryptocurrency market as a recent on-chain transaction unveiled a staggering $593.5 million Bitcoin transfer from a U.S. government wallet to Coinbase. The unexpected move has sparked intense speculation and scrutiny among crypto enthusiasts and industry experts alike. On Wednesday, data from Arkham Intelligence revealed that 10,000 Bitcoin, valued at approximately $593.5 million, were moved from a government wallet labeled “US Government: Silk Road DOJ” to Coinbase Prime. “Wallet bc1ql received 10K BTC from a known US Government wallet 2 weeks ago. This BTC has just been sent on to 33J, a Coinbase Prime deposit wallet,” Arkham - [Binance Back in the Game: Crypto Giant Returns to India](https://news.shib.io/2024/08/15/binance-back-in-the-game-crypto-giant-returns-to-india/): Crypto exchange giant Binance on Thursday announced its official return to India, declaring its registration as a reporting entity with the Financial Intelligence Unit (FIU). This move marks a significant milestone for the platform, which had previously faced regulatory hurdles in the country. “We are pleased to announce that Binance International Limited is officially registered as a reporting entity with the Financial Intelligence Unit – India,” the company said. “This significant milestone underscores our unwavering commitment to upholding the highest standards of compliance, not just in India, but globally.” The registration paves the way for Binance to fully operate in - [First Leveraged MicroStrategy ETF Debuts in the US Market](https://news.shib.io/2024/08/15/first-leveraged-microstrategy-etf-debuts-in-the-us-market/): A new leveraged exchange-traded fund (ETF) targeting MicroStrategy (MSTR) has debuted in the United States, allowing investors to gain 175% of MicroStrategy’s daily returns. Issued by Defiance ETFs, the fund, known as MSTX, offers amplified exposure to Bitcoin through the performance of MicroStrategy’s stock. MicroStrategy is well-known for holding a substantial amount of Bitcoin, making its shares a closely watched proxy for Bitcoin’s price movements. The MSTX ETF is designed for sophisticated investors who seek high-leverage exposure to Bitcoin within an ETF format. MicroStrategy has gained attention as one of the first publicly traded companies to hold Bitcoin on its - [Satoshi's Vision vs Wall Street Reality: The Battle for Bitcoin](https://news.shib.io/2024/08/14/satoshis-vision-vs-wall-street-reality-the-battle-for-bitcoin/): In 2008, a mysterious figure known only as Satoshi Nakamoto quietly laid the groundwork for what would become a financial revolution.  Birth of a Revolution On Oct. 31 that year, Nakamoto unveiled a groundbreaking document: the Bitcoin whitepaper. Titled “Bitcoin: A Peer-to-Peer Electronic Cash System,” this 9-page manifesto detailed a vision for a decentralized digital currency, one that could facilitate transactions between individuals without the need for banks, governments, or any central authority. It was a radical idea, and it set the stage for the birth of Bitcoin. Just over two months later, on Jan. 3, 2009, Nakamoto took the - [Crypto Whale Sells 420B $PEPE Tokens for $3.16M and Makes <1% Profit](https://news.shib.io/2024/08/14/crypto-whale-sells-420b-pepe-tokens-for-3-16m-and-makes-1-profit/): A crypto whale recently sold 420 billion $PEPE tokens. This sale occurred just after the investor had acquired the tokens during a market downturn earlier this month. According to a report by Lookonchain, the whale purchased 420 billion $PEPE tokens on two occasions—Aug. 5 and Aug. 12—spending a total of $3.13 million in $USDT (Tether), a stablecoin tied to the value of the U.S. dollar. A couple of hours ago, the whale sold the entire batch of $PEPE tokens for $3.16 million in $USDC (USD coin), another stablecoin. The transaction resulted in a profit of $30,000, representing a gain of - [Inside the Wild World of Meme Coins: Interview With Expert Anndy Lian](https://news.shib.io/2024/08/14/inside-the-wild-world-of-meme-coins-interview-with-expert-anndy-lian/): The rise of meme coins has been nothing short of meteoric. Fueled by online communities, social media hype, and the allure of quick riches, these digital tokens, often inspired by internet jokes and viral trends, have captured the attention of seasoned investors and curious newcomers alike. But as the market explodes with new entrants, a critical question emerges: Are meme coins a legitimate investment opportunity or a speculative bubble destined to burst? To gain deeper insights into this complex landscape, we spoke with industry expert Anndy Lian. Anndy, a seasoned observer of the crypto market, shared his perspectives on the - [Meme Coin Mania: Decoding the Hype with CIFDAQ Blockchain Founder](https://news.shib.io/2024/08/14/meme-coin-mania-decoding-the-hype-with-cifdaq-blockchain-founder/): Meme coins, a novel asset class birthed from the intersection of internet culture and finance, have captured the global imagination. Rooted in viral memes and social media trends, these digital currencies have defied traditional financial paradigms, exhibiting rapid price fluctuations and immense volatility. While their meteoric rise has attracted a broad investor base, concerns about their underlying value, market manipulation, and long-term sustainability persist. But are these digital assets, fueled by internet humor and celebrity endorsements, more than just a passing fad? We sat down with Himanshu Maradiya, Chairman and Founder of CIFDAQ Blockchain Ecosystem Ind. Ltd. and a leading - [NEIRO: A Sibling Rises](https://news.shib.io/2024/08/14/neiro-a-sibling-rises/): Read the latest edition of The Shib magazine here. - [US Inflation Falls but Fails to Fire Up Crypto Markets](https://news.shib.io/2024/08/14/us-inflation-falls-but-fails-to-enthuse-crypto-markets/): The latest U.S. Consumer Price Index (CPI) data for July, which came in lower than expected, triggered a notable reaction in the cryptocurrency markets. The inflation figures showed a 2.9% year-over-year decrease in July and the crypto market responded with cautious optimism and temporary volatility. Bitcoin and Ethereum saw brief surges following the data release before returning to their pre-announcement levels. The lower than expected data suggests that an interest rate cut could come in September.  The report comes after the producer price index, which assesses inflation at the wholesale level, exceeded expectations on Tuesday. In addition, stock markets, including - [WazirX Works to Restore Trade Balance After July Security Breach](https://news.shib.io/2024/08/14/wazirx-works-to-restore-trade-balance-after-july-security-breach/): Indian crypto exchange WazirX has been working to restore the balance between trades conducted on its platform in the July 18-21 period. This will mean that all the trades during this period on the WazirX platform will be nullified, as it had suspended withdrawals on July 18 following a security breach.  The breach saw hackers steal around $230 million in customer funds from the exchange. Among the stolen assets were around $100 million in SHIB tokens.  “We are nearing the completion of restoring the balances for trades that happened between 18 and 21 July. This will undo all trades carried - [Mt. Gox Wallet Holding $2B in BTC Sparks Speculation with Test Transactions](https://news.shib.io/2024/08/14/mt-gox-wallet-holding-2b-in-btc-sparks-speculation-with-test-transactions/): A crypto wallet that holds $2 billion of Bitcoin from Mt. Gox, a defunct crypto exchange, did a test transaction on Tuesday, according to blockchain analytics firm Arkham Intelligence. Arkham identified the wallet as bc1q26, which is likely Brigo, the fifth and final exchange working with Mt. Gox trustees to distribute funds to Mt. Gox creditors. Arkam Intelligence recently posted on X about this transaction. Mt. Gox was a leading global crypto exchange. But it filed for bankruptcy in 2014 after a massive hack. The defunct exchange announced in June that it would begin repaying its creditors beginning early July, - [Beware: Scammers Draining Wallets Target Shiba Inu Community; How You Can Stay Safe](https://news.shib.io/2024/08/14/scammers-drain-wallets-in-shiba-inu-community-heres-how-you-can-stay-safe/): The Shiba Inu community faces a new wave of scams as fraudsters attempt to drain investors’ wallets and steal their assets. They do this by tricking holders into syncing their wallets to fix a supposed issue. These scams have been reported by multiple users, and alarms have been raised to warn unsuspecting investors of this latest scheme. However, this is nothing more than a tactic to steal assets. Scammers use this ruse to access private keys, ultimately draining the victim’s wallet. This is not the first time fraudsters have targeted the Shiba Inu community. Scammers constantly evolve tactics, from launching - [Italian Football Club Napoli Enters the Metaverse with The Sandbox Partnership](https://news.shib.io/2024/08/14/italian-football-club-napoli-enters-the-metaverse-with-the-sandbox-partnership/): Italian football club SSC Napoli has announced its partnership with The Sandbox, a decentralized gaming platform, to establish its presence in the metaverse. This collaboration will allow fans to interact with the club and its players through various digital experiences within The Sandbox platform. As part of this partnership, SSC Napoli will launch the SSC Napoli Official Metaverse Store, which will be featured in four user-generated experiences on The Sandbox. These experiences will include appearances by players such as Leonardo Spinazzola, Frank Zambo Anguissa, Amir Rrahmani, and Matteo Politano. Fans who visit all four pop-ups can win tickets to SSC - [Shiba Inu Ecosystem Heats Up: K9 Finance Announces Arrival Of Liquid Staking to Shibarium](https://news.shib.io/2024/08/14/shiba-inu-ecosystem-heats-up-k9-finance-announces-arrival-of-liquid-staking-to-shibarium/): K9 Finance is shaking up the staking landscape with its launch of liquid staking on Shibarium, offering a unique blend of security, flexibility, and DeFi opportunities for users. The service, going live on Sept. 18, allows users to stake their BONE tokens and receive tradable knBONE tokens, opening doors to a new world of decentralized finance within the Shiba Inu ecosystem. The buzz around this launch is already building, especially after their recent tweet: “Liquid staking is coming to the Shiba Inu L2 on September18. The $KNINE testnet will be live to the general public after the ETH_Toronto.” So, what exactly - [Shiba Inu Visionary Unleashes Bold Plan to Reach 1 Billion Users](https://news.shib.io/2024/08/13/shiba-inus-shytoshi-kusama-drops-a-bombshell-reveals-shibs-next-move-to-onboard-1b-users/): Shytoshi Kusama, the visionary behind Shiba Inu, has sent shockwaves through the crypto industry with a bold announcement that could prove pivotal for Shiba Inu’s ambitious goal of onboarding a billion users. During a highly anticipated, high-profile keynote address at the 2024 Blockchain Futurist Conference, Kusama unveiled a groundbreaking strategy that could potentially reshape the project’s future and solidify its dominance in the crypto market via a strategic partnership with the International Indian Film Academy Awards (IIFA) Known for his enigmatic presence and ambitious vision for the Shiba Inu ecosystem, Kusama acknowledged the challenge of reaching such a massive audience. - [Shytoshi Kusama's Speech at the 2024 Blockchain Conference](https://news.shib.io/2024/08/13/shytoshi-kusamas-speech-at-the-2024-blockchain-conference/): Kusama’s most anticipated announcement was that of Shib Hub, the “heart of the Shiba Inu ecosystem.” Read about that and the other announcements here. And about Shiba Inu’s ambitious plan to onboard the next 1 billion users. - [What's Next for Shiba Inu? New Roadmap Unveiled at Blockchain Conference](https://news.shib.io/2024/08/13/shiba-inu-unveils-ambitious-roadmap-at-blockchain-futurist-conference/): Shiba Inu, the meme-inspired cryptocurrency, is taking a giant leap forward with a series of groundbreaking announcements made by its pseudonymous lead developer, Shytoshi Kusama, at the Blockchain Futurist Conference 2024. Kusama on Tuesday outlined a roadmap brimming with innovation, community engagement, and a bold vision for the future of SHIB, solidifying its position as a force to be reckoned with in the decentralized world. The most anticipated announcement was that of Shib Hub, the “heart of the Shiba Inu ecosystem.” This super app aims to be a one-stop shop for all things SHIB, offering users an unprecedented level of - [K9 Finance Partners with Gate.io for $KNINE Token Integration](https://news.shib.io/2024/08/13/k9-finance-partners-with-gate-io-for-knine-token-integration/): K9 Finance has announced a partnership with Gate.io, a prominent cryptocurrency exchange. This collaboration includes integrating $KNINE, the native token of K9 Finance, into Gate.io’s platform and various marketing activities. Gate.io has confirmed the partnership by revealing an airdrop of 3,856,135,846 $KNINE tokens. The airdrop is part of Gate.io’s Startup Free Offering program and is available exclusively to $GT token holders. The event is scheduled to begin on August 14, 2024, at 11:00 a.m. (UTC), and will conclude on August 16, 2024, at 03:00 PM (UTC). Following the airdrop, $KNINE will be available for trading on the Gate.io platform. Users - [Tether Fights Back: Calls Celsius' Billion-Dollar Lawsuit Over Bitcoin Liquidation 'Baseless'](https://news.shib.io/2024/08/13/tether-fights-back-calls-celsius-billion-dollar-lawsuit-over-bitcoin-liquidation-baseless/): Tether, the creator of USDT stablecoins, is finally defending itself against Celsius’ complaint where it sued the former last week for billions in damages. Celsius had accused Tether of unlawfully liquidating and breaching a token agreement which was signed by both Celsius and Tether.  Tether, however, called the lawsuit “baseless”, adding that “no good deed goes unpunished.” On the other hand, Celsius has accused Tether of exploiting Celsius’ financial troubles and using it for its own gain, while Celsius was approaching bankruptcy.  Background Back in 2020, Celsius relied on stablecoins in order to support its operations and borrowed around $2 - [Shiba Inu Introduces Fiat On-ramp for BONE and USDC](https://news.shib.io/2024/08/13/shiba-inu-introduces-fiat-on-ramp-for-bone-and-usdc/): The Shiba Inu (SHIB) project just launched a fiat on-ramp service enabling the purchase of BONE and USDC with Visa or MasterCard. This development enhances access for users who want to explore the decentralized economy. It allows transactions through familiar payment methods like Visa and MasterCard. It further eliminates the complications of navigating difficult exchanges or bridging tokens, making $BONE and $USDC more accessible to users which, in turn, enhances the utility and value of the tokens. This efficient approach promotes increased adoption of the Shib ecosystem and aids in the advancement of innovative applications and services on Shibarium, the - [Ether ETFs Show Resilience As They Record First Positive Weekly Inflows Since Launch](https://news.shib.io/2024/08/13/ether-etfs-record-first-positive-inflows-since-launch/): Ether ETFs see first positive inflows since launch, driven by BlackRock’s $168.55M ETH purchase. Trading volume surged to $286M on August 12. - [Canadian Crypto Exchange ezBtc Faces Major Scandal Over Misappropriation of $9.5 Million in Bitcoin and Ether](https://news.shib.io/2024/08/13/canadian-crypto-exchange-ezbtc-faces-major-scandal-over-misappropriation-of-9-5-million-in-bitcoin-and-ether/): ezBtc, a Canadian crypto trading platform, has been involved in a major scandal after it was discovered to have misappropriated more than $9.5 million in user funds, the majority of which is in Bitcoin and some in Ether.  The British Columbia Securities Commission (BCSC) revealed that ezBtc founder David Smillie had been diverting these assets. The assets were used on several online gaming sites and various personal accounts between 2016 and 2019.  Smillie had told customers that they could buy and sell various crypto assets, but their assets would be kept in “cold storage.” He shared that cold storage is - [$90K Oooops: Shibarium Offers Gas Fee That Doesn't Break The Bank](https://news.shib.io/2024/08/12/90k-oooops-shibarium-offers-gas-fee-that-doesnt-break-the-bank/): The crypto world is buzzing after an anonymous user paid a staggering $90,000 in gas fees to transfer a mere $2,200 worth of Ethereum. While the reason behind this head-scratching transaction remains a mystery –  a costly mistake or a deliberate act? – it shines a harsh light on the often exorbitant transaction costs plaguing major blockchains and puts Shibarium in the spotlight. The jaw-dropping incident, highlighting such astronomical gas fees, is not uncommon on Ethereum. The network’s surging popularity has led to congestion, causing transaction costs to skyrocket and making it increasingly difficult for ordinary users to participate in - [K9 Finance Set to Be Listed on Gate.io Ahead of Blockchain Futurist Conference 2024](https://news.shib.io/2024/08/12/k9-finance-set-to-be-listed-on-gate-io-ahead-of-blockchain-futurist-conference-2024/): Just a few hours before the Blockchain Futurist Conference 2024, K9 Finance is set to be listed on Gate.io, one of the largest and most reputable crypto exchanges. Random Artz, a YouTuber and crypto enthusiast, predicted that K9 Finance could be listed on Gate.io or even Binance and Coinbase. He highlighted that K9 Finance, the official liquid staking platform for Shibarium, SHIB’s layer 2 solution, holds a distinct status that could land it among prominent crypto exchanges like Binance, Coinbase, and Gate.io. He also shared that the announcement could happen 100 times sooner than anticipated.  In the video, Random Artz - [K9 Finance Gears Up for Major Announcements at Blockchain Futurist Conference 2024](https://news.shib.io/2024/08/12/k9-finance-gears-up-for-major-announcements-at-blockchain-futurist-conference-2024/): The decentralized finance (DeFi) partner of Shiba Inu, K9 Finance is set for important announcements at the upcoming Blockchain Futurist Conference 2024. K9 is a Gold Sponsor for the event scheduled for August 13-14. Shiba Inu is also a title sponsor of the conference. The exact details of K9 Finance’s announcements at the conference remain undisclosed. However the team has mentioned in one of their roundtables that Shiba Inu will be a major focus. This is in line with their recent social media activities, which have been building anticipation ahead of the conference. Buzz, the pseudonymous founder and developer of - [Exclusive- Hoichi's Torii Gateway Bridges Nearly 500K BONE to Shibarium: A Quantum Leap for Interoperability](https://news.shib.io/2024/08/12/exclusive-hoichis-torii-gateway-bridges-nearly-500k-bone-to-shibarium-a-quantum-leap-for-interoperability/): Hoichi’s Torii Gateway has successfully bridged nearly 500,000 BONE tokens to the Shibarium platform, a monumental achievement that highlights the L2 scalability solution’s growing prominence in the blockchain industry. This groundbreaking development highlighted a significant milestone in the realm of blockchain interoperability and solidified Hoichi’s position as a frontrunner in cross-chain technology. The Shibarium network, Shiba Inu’s layer-2 scaling solution, witnessed a surge in bridge activity, signaling growing confidence and adoption. Over the past weekend alone, a total of 799 transactions were recorded across various bridges, with a remarkable 466,376 Bone tokens leading the charge. This surge in activity, particularly involving - [Can a Community's Faith Make Kendu the First $100B Memecoin?](https://news.shib.io/2024/08/12/can-a-communitys-faith-make-kendu-the-first-100b-memecoin/): Kendu is rewriting the rules of the cryptocurrency game. Born as a meme coin, it’s now setting its sights on a $100 billion valuation. The launch of the Kendu Chads NFT Marketplace wasn’t just another headline in the frenetic world of crypto but rather a statement of intent. Kendu, a project born amid the memecoin frenzy, was making a bold play to transcend its origins and redefine the very notion of what a community-driven project could achieve in the burgeoning NFT arena.   The question wasn’t just whether Kendu could carve out a space for itself, but whether it could reshape - [The Weekly Meme Digest - August 10, 2024](https://news.shib.io/2024/08/10/the-weekly-meme-digest-11/): It’s Saturday, the day when the hangover from the week’s crypto rollercoaster finally starts to wear off. Or maybe it’s just the start of another wild ride? 🤔 🍿 Another weekend is here, and you know what that means—time to kick back, grab your favorite snack (crypto-themed, obviously 🍕💸), touch the grass (so they say) and dive headfirst into the juiciest stories the blockchain world has to offer. We’ve got memes, we’ve got laughs, and we’ve got enough mental gymnastics to make you question your life choices—just kidding… or are we? 🧐 From the halls of power to the depths - [Kamala's Crypto Cold Shoulder: Is the Blockchain Boom Leaving Her Behind?](https://news.shib.io/2024/08/10/kamalas-crypto-cold-shoulder-is-the-blockchain-boom-leaving-her-behind/): Ah, Kamala Harris—the cryptoverse’s elusive unicorn. Once again, the vice president has gracefully dodged yet another opportunity to grace us with her presence in the blockchain sphere. This time, she pulled a no-show at Friday’s virtual crypto meeting hosted by California Congressman Ro Khanna. You know, the kind of meeting that requires nothing more than an internet connection and maybe a basic understanding of Bitcoin memes. 🤷‍♀️ The call, featuring Deputy Treasury Secretary Wally Adeyemo and Harris’s former chief of staff Kristine Lucius, went on as planned. Crypto giants Mark Cuban and Ron Conway were there too, probably dreaming up - [Smart Money Strategy: Constructive Investing or a Tool for Market Manipulation?](https://news.shib.io/2024/08/10/smart-money-strategy-constructive-investing-or-a-tool-for-market-manipulation/): In the wake of a market correction that knocked off more than $200 billion in crypto asset value, guess who swooped in for the steal? 💰💰 Yes, you guessed it right, it’s the institutional investors charging in with their wallets wide open. A crazy market downturn that caused many people to shudder and panic-sell seemed like nothing but a garage sale to the smart money club! 🛍️💲 We sincerely hope they’re not laughing at panic sellers from their high-rise buildings while drinking their Screaming Eagle Cabernet Sauvignon and booking their next luxury flight to God knows where. 🍷 They can - [Donald Trump Jr. Set to Shake Up Crypto: Big Coins, Bigger Drama](https://news.shib.io/2024/08/10/donald-trump-jr-set-to-shake-up-crypto-big-coins-bigger-drama/): Donald Trump Jr., the eldest one to the Trump throne and connoisseur of social media drama, is reportedly gearing up to launch his very own DeFi platform. Umm, you heard that right. 😀 The guy who spent the last few years passionately posting on X might now be pivoting to the wild world of digital coins.🪙 In a recent post on X (because apparently, renaming Twitter wasn’t confusing enough), Trump Jr. teased that he and his team are about to drop something “HUGE” in the crypto space. How HUGE is still a debate though! He’s all for decentralized finance (DeFi), - [Is Gary Gensler Throwing in the Towel After Ripple's Victory?](https://news.shib.io/2024/08/10/is-gary-gensler-throwing-in-the-towel-after-ripples-victory/): Well, well, well. It seems like Gary Gensler and his merry band of SEC regulators might be loosening their ties and contemplating an early retirement—or at least a much-needed vacation. The lawsuit between Ripple and the SEC has taken a wild turn, with Judge Analisa Torres dropping a $125 million fine on Ripple’s lap. And while $125 million is no small chunk of change, let’s not forget the SEC originally demanded a mind-boggling $2 billion. That’s right—billion with a capital B 💸. So, what gives? Is this a landmark victory for Ripple, or did the SEC just realize they were - [IRS: From Crypto Gestapo to… Slightly Less Invasive Overlords?](https://news.shib.io/2024/08/10/irs-from-crypto-gestapo-to-slightly-less-invasive-overlords/): Ah, the IRS—always the first in line when there’s money to be collected, but somehow lost in the maze when it comes to figuring out how this whole “crypto” thing works. In their latest move to remind us that nothing escapes the taxman, the IRS has rolled out a shiny new draft of Form 1099-DA, affectionately dubbed “Digital Asset Proceeds From Broker Transactions.” Sounds fancy, right? But before you start setting aside Satoshi for Uncle Sam, let’s take a closer look at what’s really going on here. 🧐 Tax First, Regulate… Eventually? 🤷‍♂️ So here’s the kicker: while the government - [Donald Trump Jr. Poised to Launch Cryptocurrency Platform](https://news.shib.io/2024/08/09/donald-trump-jr-poised-to-launch-cryptocurrency-platform/): Donald Trump Jr., the eldest son of former U.S. President Donald Trump, is preparing to launch his own cryptocurrency platform as indicated by his recent social media posts. He made a mention of this family project in one of his Q&A sessions on Locals, a community platform, where he mentioned that it will have a significant impact and help take on the banking world. He is well known for his active engagement on social media, and his venturing into the crypto world could redefine the intersection of politics and digital finance.  In one of his latest posts on X, he - [Shiba Inu Unveils Shibarium Hard Fork & Burn Before Blockchain Conference](https://news.shib.io/2024/08/08/shiba-inu-announces-shibarium-hard-fork-and-burn-mechanism-ahead-of-blockchain-futurist-conference/): The Shiba Inu ecosystem is set ablaze with anticipation as developers announce a major Shibarium upgrade, just days before the highly anticipated Blockchain Futurist Conference.  The Shiba Inu development team announced Thursday a significant upgrade to Shibarium, the crypto project’s Layer-2 scaling solution. The upgrade, scheduled for August 9, will introduce a hard fork implementing a new version of Bor – v1.1.2-bone – and activate a highly anticipated burn mechanism. The strategic move introduces a long-awaited burn mechanism the community anticipates would significantly impact the future of SHIB. The hard fork is timed to occur at approximately 9:15 am UTC - [WazirX Faces Legal Challenges Amid $230 Million Crypto Theft Investigation](https://news.shib.io/2024/08/08/wazirx-faces-legal-challenges-amid-230-million-crypto-theft-investigation/): Indian cryptocurrency firm WazirX, its infrastructure partner Liminal, and other associated entities are presently embroiled in legal challenges following a $230 million crypto asset theft. The most recent one involves a petition filed by a legal trainee at the National Company Law Tribunal (NCLT) in Indore, India.  The petition, filed by a legal intern named Gauransh Vyas, reportedly listed WazirX’s parent company Zanmai Labs, Liminal, WazirX founders Sameer Mhatre and Nischal Shetty, and many more as respondents. The Ministry of Home Affairs, the Ministry of Finance, and the Ministry of Corporate Affairs are also included in the petition. Vyas reportedly - [India Not Considering Legislation to Regulate Cryptocurrencies, Says Government](https://news.shib.io/2024/08/08/india-not-considering-legislation-to-regulate-cryptocurrencies-says-government/): The Indian government has made it clear in a recent reply to the Parliament that it is not considering any legislation to regulate cryptocurrency transactions. This move comes despite India’s strict laws on digital assets, showcasing the government’s preference for oversight through existing measures rather than introducing new regulations for Virtual Digital Assets (VDAs). This stance reflects a cautious approach, focusing on strict tax laws and anti-money laundering measures rather than direct regulation of Virtual Digital Assets (VDAs). Responding to a Parliament enquiry, the Finance Ministry of India revealed that currently there isn’t any proposal to bring legislation for regulating - [Indian Authorities Fine Binance $86 Million for GST Compliance](https://news.shib.io/2024/08/07/indian-authorities-fine-binance-86-million-for-gst-compliance/): India has imposed a fine of $86 million in taxes on Binance, demanding payment for Goods and Services Tax (GST) against fees collected from Indian customers trading digital assets. The Directorate General of GST Intelligence (DGGI) of India has issued a show cause notice to Binance, citing that those transactions conducted on Binance under the Online Information Database Access or Retrieval (OIDAR) services are subject to the GST in India. Binance, however, has not yet registered under the Indian GST system. The DGGI had reached out to Binance affiliates in Seychelles, the Cayman Islands, and Switzerland for further investigation.  Previously, - [Interview- Shibtoshi on Token Burn Implications](https://news.shib.io/2024/08/07/interview-shibtoshi-on-token-burn-implications/): If there’s a secret formula for success in the crypto world, token burning might just be it. By removing tokens from circulation to increase scarcity and drive up prices, this strategy has ignited fervent support among communities. Yet, beneath the surface of this seemingly straightforward tactic lies a complex interplay of economic, psychological, and regulatory factors. To delve deeper, we sat down with Shibtoshi, the enigmatic founder of SquidGrow, to discuss the broader implications of token burning. The Economic Crucible Token burning, a strategy that has ignited fervent debate and astronomical valuations in the cryptocurrency world, is more than just - [Ethereum's Fees Hit 6-Month Low As L2s Ramp Up; Shibarium Sees Surge](https://news.shib.io/2024/05/10/ethereum-fees-hit-6-month-low-amid-market-rivalry-shibarium-sees-gas-fees-surge/): Ethereum’s network fees have recently reached a six-month low due to its strategic shift toward layer-2 networks and fueled by heightened market competition. Interestingly, this development coincides with the emergence of Shibarium, a layer-2 scalability solution by Shiba Inu, which has witnessed a marked increase in gas fees. Network Fees and Strategic Shift Ethereum’s network fees, representing the total fees paid for utilizing the Ethereum blockchain, have experienced a significant drop, signaling reduced activity on the Ethereum Mainnet. However, this decline aligns with Ethereum’s deliberate strategy of migrating transactions to L2 networks, a move initiated by Ethereum co-founder Vitalik Buterin - [Bitcoin Meal Boxes: Pioneering a New Era in the Food Industry](https://news.shib.io/2024/05/10/bitcoin-meal-boxes-pioneering-a-new-era-in-the-food-industry/): In a groundbreaking move that merges the worlds of cryptocurrency and cuisine, Emart24, a prominent South Korean convenience store chain, has joined forces with local cryptocurrency exchange Bithumb to introduce the innovative concept of “Bitcoin meal boxes.” This collaboration aims to offer customers a unique dining experience while delving into the world of crypto. Scheduled for release by the end of this month, there are plans to unveil 30,000 Bitcoin meal boxes priced at 5,900 won (approximately US$4.3) per unit. Each box comes with a special incentive for customers — upon entering a designated coupon code in the Bithumb app, - [OpenSea Faces Challenges as NFT Market Evolves](https://news.shib.io/2024/05/10/opensea-faces-challenges-as-nft-market-evolves/): The once-dominant NFT marketplace, OpenSea, is experiencing a decline in user activity and trading volumes, signaling a potential shift in the dynamic of the non-fungible token (NFT) industry. The data from Token Terminal paints a concerning picture for OpenSea, with a 33% drop in NFT trading volumes over the past 30 days, now standing at a mere $89 million. The platform’s weekly user base has also dwindled to around 21,000 traders, a far cry from its heydays. This downturn has set OpenSea back to its 2021 trading levels, a period marked by relatively low NFT activity. However, amid this decline, - [Hacker Offers to Return Stolen Crypto, Victim Still To Respond](https://news.shib.io/2024/05/10/hacker-offers-to-return-stolen-crypto-victim-still-to-respond/): Last week in a startling turn of events, the crypto world was rocked by news of a staggering $68 million loss due to a sophisticated scam. An unknown user fell victim to what’s known as a “poisoning” or “dust” attack, losing 1,155 Wrapped Bitcoin (WBTC). The attack involved a spam transaction tactic, where small amounts of cryptocurrency were deceitfully sent to the victim’s wallet from addresses resembling their usual transaction destinations. This method, designed to deceive and distract, unfortunately succeeded in duping the victim into sending a substantial amount of WBTC to the scammers. In a rare twist, the perpetrator - [Crypto Analyst Reports Surge in Demand for Meme Coins](https://news.shib.io/2024/05/09/crypto-analyst-reports-surge-in-demand-for-meme-coins/): The crypto world is witnessing a relentless surge in the popularity of meme coins, as evidenced by a recent report from pseudonymous crypto analyst Cypto Koryo. Despite a temporary stall in the Bitcoin rally, meme coins are forging ahead, capturing the imagination of investors worldwide. According to data compiled by CoinMarketCap and analyzed by the analyst Crypto Koryo, April 2024 saw a record-breaking 138 meme coins listed on the platform. This marks a staggering increase from April 2023, when only 18 meme coins were listed.  However, Crypto Koryo suggests that the actual number of meme coins could be significantly higher, - [Trump Backs Cryptocurrency Amid Mar-a-Lago NFT Event, Trashes Biden](https://news.shib.io/2024/05/09/trump-backs-cryptocurrency-amid-mar-a-lago-nft-event-trashes-biden/): Former U.S. President Donald Trump made waves in the cryptocurrency world during a special gathering Wednesday at his Mar-a-Lago resort in Florida.  “I’m good with it…if you like crypto in any form, and it comes in a lot of different forms…if you’re in favor of crypto, you better vote for Trump,” he said. A spectator voiced concern over the exodus of crypto companies from the United States due to perceived hostility toward the industry.  The former president replied to him, saying, “If we embrace it, we need to let them stay here.” During the event, Trump engaged with the crypto-savvy - [Major Wall Street Firm Recognizes Shiba Inu's Robust Presence in Crypto Market](https://news.shib.io/2024/05/09/major-wall-street-firm-recognizes-shiba-inus-robust-presence-in-crypto-market/): VanEck, a prominent Wall Street firm renowned for its expertise in issuing exchange-traded fund products and mutual funds, has cast a spotlight on Shiba Inu, recognizing its significant impact in the dynamic world of cryptocurrencies. The decision to include SHIB in VanEck’s meme coin index stands as a testament to Shiba Inu’s growing influence and steadfast stability within the digital asset landscape. MEMECOIN Index by VanEck’s MarketVector This week has brought a notable development in the world of cryptocurrencies, particularly for Shiba Inu and the broader meme coin category. VanEck’s MarketVector has made an unexpected move by launching a meme - [Crypto's Geopolitical Impact: Redefining Power Dynamics and Economic Sovereignty](https://news.shib.io/2024/05/09/cryptos-geopolitical-impact-redefining-power-dynamics-and-economic-sovereignty/): In recent years, the intersection of cryptocurrencies and geopolitics has become increasingly complex, raising concerns about economic sovereignty, regulatory challenges, and global power dynamics. The emergence of Bitcoin and other digital assets has disrupted traditional financial systems, offering new opportunities but also posing significant geopolitical implications. The ongoing debate over regulating cryptocurrencies has intensified due to their decentralized nature and potential misuse for illegal activities. Instances such as the bankruptcy of FTX exchange and the use of cryptocurrencies by terrorist organizations highlight the need for regulatory oversight to prevent financial crimes and uphold international security. One notable case that has - [The Shib Magazine's Manny Pacquiao NFT Cover Fetches 1K $BONE](https://news.shib.io/2024/05/09/the-shib-magazines-manny-pacquiao-nft-cover-fetches-1k-bone/): The Shib magazine’s second edition cover, featuring the iconic Filipino boxer Manny Pacquiao, was sold as a mintable NFT for 1,000 $BONE on Mantra Protocol, a landmark moment underlining the value of the magazine’s covers. This transaction not only reflects the rising popularity of NFTs but also underscores their potential as a medium for broader cultural representation within the crypto industry. Mantra’s Iconic NFT Sale The sale was conducted on Mantra Protocol, notable for being the first marketplace to operate on Shibarium. As the largest marketplace with a trading volume that tops 650,000 $BONE across various collections, Mantra Protocol has - [FTX to Compensate Creditors Beyond Expectations](https://news.shib.io/2024/05/08/ftx-to-compensate-creditors-beyond-expectations/): FTX, a former giant in the cryptocurrency exchange scene, and its affiliates have announced a remarkable plan to recompense creditors, surpassing initial expectations following their Chapter 11 bankruptcy filing in Delaware 17 months ago. This groundbreaking reorganization, subject to court approval, aims to distribute assets exceeding $14.5 billion to $16.3 billion, benefitting nearly all creditors worldwide. FTX’s CEO and Chief Restructuring Officer, John J. Ray III, expressed profound gratitude to all stakeholders for their unwavering support throughout this intricate recovery process. He stated, “We are pleased to propose a Chapter 11 plan that contemplates the return of 100% of bankruptcy - [Bad Idea AI Celebrates First Anniversary with Exciting Campaign and Strategic Insights](https://news.shib.io/2024/05/08/bad-idea-ai-celebrates-first-anniversary-with-exciting-campaign-and-strategic-insights/): Bad Idea AI, the pioneering AI-driven crypto project, is marking its first anniversary with a month-long communications campaign that promises to captivate its community and stakeholders. The community is also celebrating the first birthday of S.A.R.A.H, the groundbreaking AI chatbot developed by Bad Idea AI now aiding over 260,000 crypto investors across the globe. As a beloved “Shib fren,” Bad Idea AI has been at the forefront of innovation, and this campaign aims to celebrate its achievements while setting ambitious goals for the future, as per an official blog post. Bad Idea AI will unveil a series of daily columns and - [Swiss National Bank Leans Toward Tokenization for Financial Innovation](https://news.shib.io/2024/05/08/swiss-national-bank-leans-toward-tokenization-for-financial-innovation/): The Swiss National Bank (SNB) has embarked on an ambitious initiative to digitally tokenize financial assets. Thomas Jordan, chairman of the governing board, announced the move on Monday, emphasizing the need for increased security and efficiency in payment systems. Specifically speaking, the chairman unveiled Project Helvetia III. This pilot marks the first time a central bank has issued a wholesale central bank digital currency (CBDC) on a regulated, external platform. This digital Swiss franc can be used by participating banks to settle transactions involving tokenized bonds on the SIX Digital Exchange (SDX). SDX functions as a regulated marketplace for buying - [Argentina's Energy Giant YPF to Mine Bitcoin Using Wasted Gas Reserves](https://news.shib.io/2024/05/08/argentinas-energy-giant-ypf-to-mine-bitcoin-using-wasted-gas-reserves/): Argentina’s energy sector is witnessing a groundbreaking shift towards sustainability with the launch of a gas flare-powered Bitcoin mining facility. YPF Luz, a state-owned energy firm and a subsidiary of YPF, has teamed up with Genesis Digital Assets (GDA) to repurpose stranded natural gas from oil fields, converting it into valuable cryptocurrency while curbing carbon emissions. Argentina, renowned for its rich natural resources, is pioneering an innovative approach to Bitcoin mining. By repurposing gas currently burned as waste, YPF Luz and GDA aim to reduce environmental impact while capitalizing on the profitability of cryptocurrency mining. This initiative aligns with Argentina’s - [Elon Musk Appreciates Jack Dorsey's Endorsement of X as 'Freedom Technology' Amid Bluesky Departure](https://news.shib.io/2024/05/08/elon-musk-appreciates-jack-dorseys-endorsement-of-x-as-freedom-technology-amid-bluesky-departure/): Tech billionaire and “Chief Twit” Elon Musk welcomed the impromptu endorsement of X (formerly Twitter) by its founder Jack Dorsey, calling the platform “freedom technology.” This endorsement coincides with Dorsey’s departure from Bluesky, the social networking startup he spearheaded post-Twitter’s acquisition by Musk. Dorsey’s veiled endorsement surfaced in a recent tweet advocating for individuals to safeguard their rights using “freedom technology,” a sentiment that resonated strongly with Musk’s vision of empowering users in the digital realm. The confirmation of Dorsey’s exit from Bluesky was discreetly revealed in an X post where he clarified his non-involvement in the startup’s board.  Notably, - [K9 Finance Drops Bone Crusher Update and Shibarium's Puppynet Whitelisting](https://news.shib.io/2024/05/08/k9-finance-drops-bone-crusher-update-and-shibariums-puppynet-whitelisting/): K9 Finance has recently made significant strides in the cryptocurrency landscape, unveiling a groundbreaking update to its flagship product, Bone Crusher, and securing official whitelisting on Shibarium’s Puppynet. These dual announcements signify a monumental leap forward for the platform, offering supporters enhanced functionalities and access to a unique liquid staking derivative. Puppynet is Shibarium’s test net. This strategic move solidified K9 Finance’s position as a trailblazer in the decentralized finance (DeFi) ecosystem as it introduced an innovative staking application on Shibarium, expanding staking options and taking inspiration from Lido’s success. The unveiling of the Bone Crusher update sparked excitement among K9 - [Grayscale Withdraws Ethereum Futures ETF Application Ahead of SEC Decision](https://news.shib.io/2024/05/08/grayscale-withdraws-ethereum-futures-etf-application-ahead-of-sec-decision/): Grayscale’s recent decision to withdraw its 19b-4 filing for an Ethereum futures exchange-traded fund (ETF) has set the stage for intense speculation and analysis within the cryptocurrency investment sphere. This move, coming just weeks before the anticipated decision by the U.S. Securities and Exchange Commission (SEC) on spot Ethereum ETF proposals, has sparked discussions among industry analysts and experts. The initial filing for the Ether futures ETF was made by Grayscale on Sept. 19, 2023, with plans for listing on the New York Stock Exchange upon approval. However, the cryptocurrency asset manager filed a notice of withdrawal for the Grayscale - [Shiba Inu Has the Last Laugh: Joins Nexo After Being the Ultimate Meme](https://news.shib.io/2024/05/08/shiba-inu-has-the-last-laugh-joins-nexo-after-being-the-ultimate-meme/): In a delightful twist of fate, Shiba Inu (SHIB) has risen from meme status to conquer new heights by getting listed on Nexo! Once dismissed as an inside joke that went viral, SHIB is now officially part of the Nexo platform, proving that the tables have indeed turned. Nexo, which initially teased SHIB as a meme coin, has now embraced the SHIB community with open arms. This move highlights the power of the SHIB community and its journey from being an internet sensation to being a legitimate player in the crypto space. This milestone isn’t just about a listing—it’s a - [Revolutionizing Finance: German Government Banks Embrace Blockchain with Digital Bonds](https://news.shib.io/2024/05/08/revolutionizing-finance-german-government-banks-embrace-blockchain-with-digital-bonds/): In a groundbreaking move toward modernizing financial infrastructure, Germany’s Kreditanstalt fuer Wiederaufbau (KfW) is set to issue its first blockchain-based digital bond this summer. This initiative underscores a shift toward embracing blockchain technology in traditional banking. DZ Bank, Deutsche Bank, LBBW, and Bankhaus Metzler are reported to be joint book-runners, while German fintech firm Cashlink Technologies will serve as the crypto securities registrar. The bond is said to have an expected maturity date in December 2025 and will have a minimum size of €100 million. Digital bonds on the blockchain represent a fundamental transformation in the issuance and management of - [CFTC Chair's Warning Signals Heightened Crypto Oversight](https://news.shib.io/2024/05/08/cftc-chairs-warning-signals-heightened-crypto-oversight/): Rostin Behnam, chairman of the U.S. Commodity Futures Trading Commission (CFTC), has offered a somber prediction: a forthcoming “cycle of enforcement actions” is poised to sweep through the cryptocurrency domain within the coming six to 24 months.  Speaking at the Milken Institute’s Global Conference on Monday, Behnam emphasized the expanding scale of market activities and capital investments in the sector. The CFTC chairman highlighted the lack of regulatory framework and transparency within the growing crypto industry, which he believes will inevitably lead to more fraud and manipulation cases. “We find ourselves with a growing market, growing capital [and] investments, growing - [MetaMask Introduces Smart Transactions: A Game-Changer for Ethereum Users](https://news.shib.io/2024/05/07/metamask-introduces-smart-transactions-a-game-changer-for-ethereum-users/): MetaMask, the leading Ethereum wallet, has introduced a new feature known as Smart Transactions. This feature aims to address transaction inefficiencies and mitigate the negative impact of maximal extractable value (MEV) on the Ethereum network. The current state of Ethereum transactions presents challenges, such as high failure rates, resulting in wasted gas fees, and MEV, where bots exploit transactions for profit, amounting to significant losses for users annually. Smart Transactions offers several benefits: During beta testing, Smart Transactions achieved an impressive 99.5% transaction success rate, surpassing industry benchmarks. It offers improved gas fee prediction, curbing costly frontrunning and ensuring smoother - [Be Wary of the Woof! Shib Army Warned of Fake Shiba Inu Groups on Telegram](https://news.shib.io/2024/05/07/be-wary-of-the-woof-shib-army-warned-of-fake-shiba-inu-groups-on-telegram/): The Shiba Inu community, affectionately known as the Shib Army, is facing a cunning foe: a surge of fake groups on Telegram. These imposters lure users with promises of exclusive content, giveaways, and investment opportunities. However, their true intentions are far from friendly, often leading to financial losses and compromised privacy. Shib Army Scam Alerts, a dedicated group safeguarding the community, issued a stark warning on Tuesday about this issue. This rise in fraudulent activity reflects a broader trend within the cryptocurrency landscape. Telegram, a popular messaging app, has become a hotbed for scammers who impersonate official channels, exploiting the - [MicroStrategy Surpasses Nations in Bitcoin Holdings: A New Era of Corporate Crypto Dominance](https://news.shib.io/2024/05/07/microstrategy-surpasses-nations-in-bitcoin-holdings-a-new-era-of-corporate-crypto-dominance/): MicroStrategy, under the leadership of CEO Michael Saylor, has made headlines with a monumental announcement: it now possesses more Bitcoin than any single country. This revelation marks a significant moment in the digital assets world, signaling the growing influence of corporations in the crypto market. The latest financial reports from MicroStrategy unveil a remarkable feat: the acquisition of 25,250 Bitcoins in the initial four months of 2024. This significant purchase has propelled the company’s total Bitcoin holdings to an astounding 214,400 BTC, surpassing the reserves of even the United States government. To contextualize this achievement, it’s worth noting that this - [Bitcoin Volatility, Market Turbulence Peek Amid Regulatory Uncertainty Ahead Of Ethereum ETF Decision](https://news.shib.io/2024/05/07/bitcoin-volatility-market-turbulence-peek-amid-regulatory-uncertainty-ahead-of-ethereum-etf-decision/): The cryptocurrency market witnessed a surge in volatility and market turbulence as regulatory uncertainty reached its peak, fueled by anticipation surrounding the imminent decision on Ethereum ETFs. Bitcoin’s rollercoaster week, marked by significant price fluctuations, added to the atmosphere of uncertainty, highlighting the interconnectedness of regulatory factors and market dynamics in shaping investor sentiment and asset valuations. Bitcoin’s price surged to an impressive peak above $65,500 this week, only to face a swift correction that shaved off over $2,000 from its value. The cryptocurrency’s tumultuous week was characterized by extreme volatility, leading to a sharp plunge to a two-month low - [Shiba Inu Development Team's Cryptic Tweets Leave Community Guessing](https://news.shib.io/2024/05/07/shiba-inu-development-teams-cryptic-tweets-leave-community-guessing/): The Shiba Inu development team sparked intrigue within the community on Tuesday with a series of cryptic tweets, a signature tease that has left Shiba enthusiasts guessing about the mysteries they might hold. Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, recently captivated the community with a cryptic tweet. The tweet features a striking GIF displaying the word “EVITA” in bold red letters against a dark background, accompanied by bats soaring overhead, evoking a sense of intrigue and suspense. This enigmatic post swiftly caught the eye of the Shib Army, with many speculating that it could be a nod - [Shibarium: A Bridge Between Blockchains, Enabling Seamless Digital Asset Transfers - Interview with Shibarium Tech Moderator](https://news.shib.io/2024/05/07/shibarium-a-bridge-between-blockchains-enabling-seamless-digital-asset-transfers-interview-with-shibarium-tech-moderator/): The Shib project recently underwent a significant milestone by completing a hard fork on its layer-2 solution, Shibarium. The major software upgrade marks a pivotal moment in the network’s evolution, aiming to unlock “next-level capabilities” and enhance user experience. Celebrating the accomplishment, Shib’s official X (formerly Twitter) account wrote on the social media platform, “Shibarium was already lightning fast, but we just hit warp speed! The hard fork just made transactions on Shibarium even faster! Buckle up.” Key Improvements Delivered by the Hard Fork: Shibarium’s core strength lies in its ability to efficiently connect different blockchain networks, both public and private. - [Vodafone's Bold Move: Integrating Cryptocurrency Wallets into SIM Cards](https://news.shib.io/2024/05/06/vodafones-bold-move-integrating-cryptocurrency-wallets-into-sim-cards/): Vodafone, the United Kingdom-based telecommunications giant, is poised to reshape the mobile industry with its ambitious plan to integrate cryptocurrency wallets directly into subscriber identity module (SIM) cards. This innovative move uses blockchain technology to enhance smartphone functionality, providing users with secure and convenient access to their digital assets. Vodafone’s strategic vision aligns with the exponential growth of mobile phones and smartphones worldwide. By 2030, projections suggest that over 20 billion mobile phones will be in operation, with smartphones constituting a significant portion of this figure. According to David Palmer, Vodafone’s blockchain lead, an estimated eight billion smartphones will be - [Founder of NFT Project on Shibarium Receives 'Shib Army Legend' Title; Mantra Enables TFW Direct Minting ](https://news.shib.io/2024/05/06/founder-of-nft-project-on-shibarium-receives-shib-army-legend-title-mantra-enables-tfw-direct-minting/): Andreia, the pseudonymous founder of TFW (Tutti Frutti Women), an NFT project on Shibarium, was given the prestigious recognition ‘Shib Army Legend’ and is now a part of the prestigious club. Alongside this commendation, the NFT project further garnered additional approval now that people can mint directly on Mantra Protocol, underscoring its growing significance within the digital asset landscape. Over the weekend, a notable announcement from a Shib Army OG, @NoOneHasSpoken, brought attention to the induction of the TFW founder into the esteemed Shib Army Legend Club. Described as ‘supporting an amazing cause and leading by example,’ the founder’s inclusion - [SEC Declares War Against Robinhood, former SEC Chief Predicts Crypto Onslaught Will Continue](https://news.shib.io/2024/05/06/sec-declares-war-against-robinhood-former-sec-chief-predicts-crypto-onslaught-will-continue/): The U.S. Securities and Exchange Commission (SEC) adds Robinhood to its growing list of crypto-related businesses served with a Wells Notice along with Coinbase, Kraken, Uniswap, and MetaMask. Pundits, however, have a negative reaction to this, with a former SEC chief noting that the “crypto onslaught will continue” as long as “the Democrats are in charge” of running the regulatory agency. Robinhood Markets announced Monday that Robinhood Crypto, its crypto unit, received a Wells Notice from the SEC staff last Saturday. The brokerage firm also shared that the regulator indicated its intention to advise the agency to pursue an enforcement - [Bitcoin Processes Over 1 Billion Transactions, Marking Historic Milestone](https://news.shib.io/2024/05/06/bitcoin-processes-over-1-billion-transactions-marking-historic-milestone/): The Bitcoin network achieved a monumental milestone by processing its one billionth transaction since its inception. This landmark moment arrives 15 years and 4 months after Bitcoin’s genesis block was mined on January 3, 2009. Bitcoin, the pioneering cryptocurrency, has demonstrated enduring resilience and growth over the years, solidifying its position as the leading decentralized digital currency. The journey to one billion transactions underscores Bitcoin’s widespread adoption and utility in global financial systems. From humble beginnings to a global phenomenon, Bitcoin’s journey has been characterized by significant milestones and transformative impact. The cryptocurrency’s decentralized nature and secure blockchain technology have - [LEASH Sees Strong Surge: Price, Market Cap, Holder Base Spike](https://news.shib.io/2024/05/06/doge-killer-leash-sees-strong-surge-price-market-cap-holder-base-spike/): Doge Killer (LEASH), the second official token of Shiba Inu, which promises to compensate its holders with rewards for supplying liquidity has — in a striking display of market strength — seen a remarkable price increase, accompanied by a significant uptick in market capitalization and a growing community of holders. This robust performance underscores the growing enthusiasm and confidence in LEASH, as investors flock to capitalize on its upward trajectory. The impressive performance of LEASH was highlighted by cryptocurrency tracker Coinpedia Markets, which included Shiba Inu’s Doge Killer in its Top CryptoMarket Update On CPmarkets Monday. Based on the crypto - [Crypto Genius Buterin Refreshes Personal Piece on SHIB's L3 Privacy Chain Feature Amid Significant Reader Interest ](https://news.shib.io/2024/05/06/crypto-genius-buterin-refreshes-personal-piece-on-shibs-l3-privacy-chain-feature-amid-significant-reader-interest/): Crypto genius and co-founder of Ethereum, Vitalik Buterin, has once again seized the attention of enthusiasts with his latest update. Renowned for his brilliant mind and unwavering focus on privacy and security within the blockchain sphere, Buterin’s decision to refresh his article on Fully Homomorphic Encryption (FHE) couldn’t be timelier. His move, citing significant interest in the topic, coincides with an important announcement from the Shiba Inu development team, revealing plans to integrate ZAMA’s FHE technology into a layer-3 privacy chain. In an article penned by Buterin himself in July 2020, he eloquently described the concept of FHE as a - [Shibarium Tech Admin Challenges Misinformation, Emphasizes Devs' Shib-Burn Commitment](https://news.shib.io/2024/05/06/shibarium-tech-admin-challenges-misinformation-emphasizes-devs-shib-burn-commitment/): “We are all Ryoshi,” a mantra coined by the enigmatic creator of Shiba Inu, continues to resonate within the community. Recently, DaVinci, the pseudonymous administrator of Shibarium Tech’s Discord and Telegram channels, echoed this sentiment. In a bold statement, DaVinci addressed critics who questioned the developers’ commitment to delivering the promised auto-burn feature. He admonished these critics, pointing out their hypocrisy in selfishly demanding features while neglecting their role in promoting Shibarium, the ecosystem’s layer-2 scalability solution. The Shibarium Tech administrator’s statement was widely shared by several Shib Army OGs on X (formerly Twitter) over the weekend, quickly gaining traction - [THE WEEKLY MEME DIGEST - May 5, 2024](https://news.shib.io/2024/05/05/the-weekly-meme-digest/): This inaugural launch of The Shib Daily’s Weekly Meme Digest is brought to you by ShibaSwap, Shiba Inu’s multi-chain decentralized cryptocurrency exchange platform. 🚀 Welcome to the Inaugural Launch of Our Weekly Meme Digest! 🚀 🎉 Hey there, #SHIBARMY and crypto enthusiasts! We’re thrilled to unveil an exciting new addition to our daily news site: the Weekly Meme Digest! 🌟 Have you ever found yourself scrolling through endless articles and news updates, wishing there was a more entertaining way to stay informed about the latest happenings in the cryptocurrency world? Well, look no further, because the Weekly Meme Digest is - [Shiba Inu Goes Supersonic: 12% Surge and a Burn Blitz Shake Up Crypto!](https://news.shib.io/2024/05/05/shiba-inu-goes-supersonic-12-surge-and-a-burn-blitz-shake-up-crypto/): Hold onto your dog biscuits, Shib Army, because the Shiba Inu craze is making waves in the crypto ocean! 🌊🐕 If you haven’t heard, $SHIB is strutting its stuff like a fashion-forward pup on a runway. In the last 24 hours, $SHIB has been frolicking around like it’s got a squirrel on its tail, boasting a 12% increase in value. That’s more impressive than teaching your Shiba Inu to fetch your morning coffee! ☕️ But wait, there’s more! Since Saturday morning, the SHIB burn rate has been hotter than a summer day on the beach, skyrocketing a mind-blowing 1,009%. That’s - [CZ's Jail Tale: Finding the Silver Lining in Crypto Confinement!](https://news.shib.io/2024/05/05/czs-jail-tale-finding-the-silver-lining-in-crypto-confinement/): Crypto comrades, our beloved CZ, the mastermind behind Binance, is taking an unexpected detour from moonshot ventures to a more grounded location – the slammer! 😱🔒 But fear not, fellow hodlers, for CZ’s spirits remain as buoyant as ever! Despite the iron bars and orange jumpsuit, he’s still grinning like a Cheshire cat in a bull market! 🐱📈 In his final tweet before the big house beckoned, CZ, ever the optimist, thanked the crypto community for its unwavering support, entrusting them with the sacred duty to “protect users.” 💪🛡️ But hey, when life hands you lemons, you make lemonades, am - [Bitcoin's Directionless Drama Post-Halving: A Crypto Soap Opera](https://news.shib.io/2024/05/05/bitcoins-directionless-drama-post-halving-a-crypto-soap-opera/): 🎬 Scene: Bitcoin closes at $63,000, seemingly taking a dramatic pause to gather its thoughts. Cue the investors from 2022 and 2023, who decide it’s time to take their bow, pocketing profits after a suspenseful act. Meanwhile, those early 2024 ETF enthusiasts are spotted sneaking out of the theater with smiles, their pockets heavier from the show’s success. 🎟️💰 🕵️‍♂️ But wait—what’s this? A plot twist! Demand for Bitcoin ETFs has hit a lull, as stagnant as last season’s reruns. The market is whispering of a short-term trend that’s more predictable than a daytime soap cliffhanger. 📉🍿 📚 According to - [Media's Debbie Downer Act Fails to Spoil Hong Kong's Crypto ETF Bash!](https://news.shib.io/2024/05/05/medias-debbie-downer-act-tries-to-spoil-hong-kongs-crypto-etf-bash/): The debut of the six spot Bitcoin and Ether ETFs made a splash as the spotlight hit Hong Kong’s financial stage, pulling in a cool $292 million on day one. 🌊💰 Despite some U.S. media’s best Debbie Downer impressions, forecasting crypto calamities, Hong Kong partied on, reducing Wall Street’s wary whispers into background noise. 🙉 🍵 Here’s the tea: While some U.S. pundits were busy painting doomsday scenarios, back in the land of dim sum and double-deckers, the crypto ETFs were partying like it was 1999—or rather, 2029, because let’s face it, crypto is the future. 🚀 🔥 These crypto - [Crypto Latest Plot Twist: Bitcoin Flip-Flopper Michael Saylor Throws Shade at Ethereum](https://news.shib.io/2024/05/05/crypto-latest-plot-twist-%f0%9f%94%84-bitcoin-flip-flopper-michael-saylor-%f0%9f%98%ae-throws-shade-at-ethereum-%f0%9f%92%a1%f0%9f%94%a5/): A peculiar breed roams the tempest of uncertainty that is the cryptocurrency realm: the flip-floppers. Picture them as sailors lost in a tempest, their course changing as swiftly as the wind, more unpredictable than a game of crypto roulette.😱 Now, let’s turn our gaze to Michael Saylor, fixating squarely on Ethereum, tossing shade like confetti 🎉🎊at a carnival parade. Saylor, adopting the mantle of a modern-day Nostradamus, prophesizes the perils lurking in Ethereum and altcoin waters. With the confidence of a soothsayer peering into a crystal ball 🔮, he foresees Ethereum’s looming classification as a security and the inevitable rejection - [Yuga Labs In 'Hard Mode,' CEO Announces Layoffs Amid Transformation Drive](https://news.shib.io/2024/05/04/yuga-labs-in-hard-mode-ceo-announces-layoffs-amid-transformation-drive/): Yuga Labs’ CEO recently said he had to make some ‘hard decisions,’ including letting go of several team members, as part of a broader transformation drive to realign the company’s focus. The announcement comes as the NFT market cools off after its explosive growth between late 2021 and 2022. Greg Solano, the CEO of Yuga Labs, took to social media Friday to share candid and sobering updates. Describing the day as “tough,” Solano’s disclosures marked a turning point for the media entity, renowned as the creative force behind the iconic Bored Ape Yacht Club NFTs. A Journey To Transformation The - [US Lawmakers Urge Biden Admin to Strengthen Crypto Regulations Amid Concerns Over Iran](https://news.shib.io/2024/05/04/us-lawmakers-urge-biden-admin-to-strengthen-crypto-regulations-amid-concerns-over-iran/): Amid escalating worries surrounding the exploitation of cryptocurrency to sidestep sanctions, Senators Elizabeth Warren (D-Mass.) and Angus King (I-Maine) have called upon the Biden administration to bolster regulations governing cryptocurrencies. The concerns were underscored in a recent letter addressed to top administration officials, which highlighted Iran’s utilization of cryptocurrency mining as a means of circumventing sanctions.  The senators pressed the administration for insights on Wednesday into its efforts to counter Iran’s exploitation of cryptocurrency mining for sanctions evasion. Iran’s Embrace of Cryptocurrency as a Revenue Source As per the letter, Iran has harnessed cryptocurrency mining as a significant revenue stream, - [Shiba Inu Fans Rejoice: PayPal and MoonPay Team Up to Simplify Crypto Purchases](https://news.shib.io/2024/05/04/shiba-inu-fans-rejoice-paypal-and-moonpay-team-up-to-simplify-crypto-purchases/): Crypto enthusiasts and Shiba Inu (SHIB) holders have a reason to celebrate. Fintech giant PayPal has joined forces with MoonPay, a popular cryptocurrency buying app, in a strategic partnership that will enable direct purchases of SHIB and other digital assets through PayPal.  The move, announced Thursdady, is a significant step toward simplifying crypto transactions for users across the United States. The integration leverages MoonPay’s extensive infrastructure, boasting over 15 million users, to enhance the buying experience for SHIB enthusiasts. Users can now seamlessly purchase cryptocurrencies through wallet transfers, bank transfers, and even debit card transactions.  Previously, the reluctance of traditional - [Bitcoin Bull Michael Saylor Raises Eyebrows: Predicts Ethereum's Security Classification and ETF Disapproval](https://news.shib.io/2024/05/03/bitcoin-bull-michael-saylor-raises-eyebrows-predicts-ethereums-security-classification-and-etf-disapproval/): In a surprising twist within the cryptocurrency community, renowned Bitcoin maximalist Michael Saylor sparked intrigue by diverging from the herd, predicting Ethereum’s contentious journey towards a potential security classification by the U.S. Securities and Exchange Commission (SEC) while casting doubts on the approval prospects of ETH exchange-traded funds (ETFs). Saylor’s bold stance underscores the evolving dynamics of the crypto landscape and sets the stage for intensified debates and market uncertainties. Saylor, the co-founder and executive chairman of the American business intelligence and software firm MicroStrategy, made a grim prediction about Ethereum, the world’s second-largest crypto asset by market capitalization, saying - [Clashing Visions: BlackRock CEO Fink Advocates Population Decline for Social Harmony; Musk Warns of Civilization's Fate](https://news.shib.io/2024/05/03/clashing-visions-blackrock-ceo-fink-advocates-population-decline-for-social-harmony-musk-warns-of-civilizations-fate/): BlackRock CEO Larry Fink and tech mogul Elon Musk have offered starkly contrasting visions for humanity’s future. And Fink’s advocacy for embracing shrinking populations as a means to foster social harmony has collided head-on with Musk’s ominous warning of civilization’s impending doom.  Embracing Demographic Shifts During the World Economic Forum’s Special Meeting on Global Collaboration, Growth, and Energy Development, Fink delivered a message regarding the future of developed nations with declining populations. Speaking on a panel focused on Investing Amid Global Fracture, Fink emphasized the potential advantages for countries facing demographic decline amid the rise of automation.  He posited that - [Jack Dorsey's Block Takes a Page from Michael Saylor's Bitcoin Approach](https://news.shib.io/2024/05/03/jack-dorseys-block-takes-a-page-from-michael-saylors-bitcoin-approach/): Jack Dorsey’s fintech firm Block, formerly known as Square, seems to be taking a page from Michael Saylor’s Bitcoin approach at MicroStrategy. This week, Dorsey revealed that Block would dedicate 10% of its gross profit from Bitcoin products to purchasing BTC each month. This move underscores the growing influence of Bitcoin, highlighting its impact on modern corporate financial strategies. Block’s Dollar Cost Averaging Strategy Block recently launched a new dollar cost averaging (DCA) program to increase its Bitcoin holdings. The company recently began using a portion of its monthly Bitcoin-related gross profit to purchase additional Bitcoin. In a statement, Block - [Hong Kong's Crypto ETFs Make a Mark in the Global Market](https://news.shib.io/2024/05/03/hong-kongs-crypto-etfs-make-a-mark-in-the-global-market/): The official launch of spot Bitcoin and Ethereum exchange-traded funds (ETFs) in Hong Kong is one of the eagerly-awaited events in the cryptocurrency space following the historic BTC halving and the official rollout of Bitcoin spot ETFs in the U.S. While some reports have offered bearish news about the region’s crypto ETF launch, a closer look at the figures reveals it was a huge success. According to data provided by ChinaAMC, one of Hong Kong’s ETF issuers, as of the 4:10 p.m. market close on Tuesday, the ChinaAMC Bitcoin ETF recorded a volume of $5.3 million, while the ChinaAMC Ether - [US Senator Criticizes DOJ Over Non-Custodial Wallets, Vows to Defend Bitcoin Rights](https://news.shib.io/2024/05/02/us-senator-criticizes-doj-over-non-custodial-wallets-vows-to-defend-bitcoin-rights/): Wyoming’s Republican Senator Cynthia Lummis has voiced strong opposition to the Biden administration’s Department of Justice (DOJ), criticizing its stance on non-custodial wallet software in the realm of cryptocurrency. In a pointed statement, Senator Lummis expressed deep concern over what she termed the DOJ’s “hyper-aggressive argument” that such software could constitute a money transmission service. Lummis’ remarks were triggered by the DOJ’s recent reply brief regarding the indictment against Roman Storm, the developer of Tornado Cash, whose lawyers moved to dismiss the charges against him. “I am deeply troubled by the Department of Justice’s hyper-aggressive argument that non-custodial software can - [MicroStrategy Ventures into Decentralized Identity with MicroStrategy Orange](https://news.shib.io/2024/05/02/microstrategy-ventures-into-decentralized-identity-with-microstrategy-orange/): MicroStrategy, famous for its staggering 214,400 Bitcoin holdings, has unveiled a pioneering foray into decentralized identity solutions by introducing MicroStrategy Orange on Thursday. This groundbreaking initiative marks a significant milestone in the evolution of digital identity management, leveraging the robustness of the Bitcoin blockchain to empower users and enhance data security. “Wouldn’t it be great if instead of a blue check, green check, etc., there was an orange check that was a global standard? With MicroStrategy, maybe we could approach this idea of decentralized identity, with Bitcoin,” Michael Saylor, Executive Chairman, MicroStrategy said at the MicroStrategy World 2024 in Las - [Shiba Inu's Shibarium Experiences Historic Surge in Gas Fees, Active Users Ahead Of Hard Fork](https://news.shib.io/2024/05/02/shiba-inus-shibarium-experiences-historic-surge-in-gas-fees-active-users-ahead-of-hard-fork/): Shibarium has experienced an unprecedented surge: gas fees have skyrocketed, coinciding with a remarkable increase in active users, setting the stage for a pivotal moment in the layer-2 scalability solution’s evolution. As anticipation mounts for its eagerly-awaited hard fork, the cryptocurrency community is bracing for the impact of these monumental developments. Shiba Inu’s layer-2 scalability platform experienced a monumental rise in transaction fees, which soared by an unprecedented 500%. Recent data showed that the total gas fees surged from a previous 12 BONE to an impressive 61.47 BONE.  This increase highlighted the growing activity and utilization of Shibarium, where Bone - [Researchers Harness AI to Combat Bitcoin Money Laundering](https://news.shib.io/2024/05/02/researchers-harness-ai-to-combat-bitcoin-money-laundering/): In a recent collaboration, researchers from blockchain forensic firm Elliptic, IBM Watson, and MIT have achieved remarkable strides in utilizing artificial intelligence (AI) to pinpoint money laundering activities on the Bitcoin blockchain. The report published Wednesday by Elliptic, titled “Enhancing Blockchain Analytics Through AI,” shows the efficacy of deep learning models in detecting cryptocurrency crimes. The report underscores the important role of deep learning models in identifying money laundering patterns and pinpointing crypto wallets entangled in illicit transactions. Unlike conventional financial systems where transactional data is often fragmented, blockchain’s transparency facilitates the application of these methodologies. The accessibility of transactional - [UK Government Report Says Crypto was Major Money Laundering Risk in 2022-2023](https://news.shib.io/2024/05/02/uk-government-report-flags-crypto-as-major-money-laundering-risk-in-2022-2023/): Crypto-assets have been singled out as a key conduit for money laundering activities between 2022 and 2023 by the U.K. Treasury.  The revelation stems from an analysis published Wednesday based on data furnished by the Financial Conduct Authority (FCA), spotlighting critical vulnerabilities within the cryptocurrency sector. Crypto Firms Under Scrutiny The U.K. government’s financial arm underscored that crypto firms, alongside retail banking, wholesale banking, and wealth management, stand at the forefront of susceptibility to exploitation for money laundering endeavors during the aforementioned period. This conclusion was drawn following the FCA’s meticulous risk assessments conducted on 238 firms. While the FCA - [India's ED Partners with Binance to Foil E-Nugget Scam, Seizes $10.5M in Crypto Assets](https://news.shib.io/2024/05/02/indias-ed-partners-with-binance-to-foil-e-nugget-scam-seizes-10-5m-in-crypto-assets/): A financial investigations agency in India recently made headlines by collaborating with cryptocurrency exchange Binance to dismantle a fraudulent online gaming app, E-Nugget. The joint effort resulted in the seizure of about $10.5 million worth of crypto assets linked to the scam. The Directorate of Enforcement (ED) is a multi-disciplinary organization responsible for investigating offenses related to money laundering and violations of foreign exchange laws in India. As a premier financial investigation agency under the Ministry of Finance, the ED enforces Indian laws. The agency reported the incident in a Tuesday post on X (formerly Twitter). The E-Nugget Scam E-Nugget, - [Shytoshi Kusama Expresses Gratitude for Crypto Mogul's Positive Recognition of Shiba Inu](https://news.shib.io/2024/05/02/shytoshi-kusama-expresses-gratitude-for-crypto-moguls-positive-recognition-of-shiba-inu/): Shytoshi Kusama has stepped forward to express profound appreciation as Shiba Inu gained recognition from a notable figure in the cryptocurrency realm. This comment solidifies Shiba Inu’s position as a cornerstone within the meme coin sector, while Kusama’s heartfelt acknowledgment of it underscores the collective dedication fueling the token’s ascent in the digital asset landscape Kusama, the enigmatic and pseudonymous leader carrying the torch passed on by Ryoshi, the creator of Shiba Inu, embarked on a journey marked by sacrifice and dedication to nurture the entrusted project. His leadership, marked by bold yet strategic decisions and innovative and forward-thinking initiatives, - [SEC Under Fire: US House Rips Ethereum Probe, Accuses Gensler Of Misleading Congress](https://news.shib.io/2024/05/02/sec-under-fire-us-house-rips-ethereum-probe-accuses-gensler-of-misleading-congress/): Amid escalating tensions, the U.S. Securities and Exchange Commission (SEC) finds itself under intense scrutiny as the House Financial Services Committee lambasts the regulator’s Ethereum investigation and its purported move to label the cryptocurrency as a security. In a damning accusation, Financial Committee Chairman Patrick McHenry levelled charges of intentional deception against SEC Chairman Gary Gensler, alleging a deliberate attempt to mislead Congress on the matter. Legal Challenges and Legislative Criticism Merely days after the Ethereum blockchain company Consensys initiated a 34-page lawsuit against the SEC and its commissioners, alleging what it termed an “unlawful seizure of authority over Ethereum - [Let's Forking Go!](https://news.shib.io/2024/05/01/lets-forking-go/): Read the latest edition of The Shib magazine here. - [The Big Bet: MicroStrategy Pushes Bitcoin Accumulation Amid Price Volatility, BTC ETF](https://news.shib.io/2024/05/01/the-big-bet-microstrategy-pushes-bitcoin-accumulation-amid-price-volatility-btc-etf/): MicroStrategy, in a daring financial play that reflects both its vision and its appetite for risk, aggressively ramped up its Bitcoin holdings, as it navigates significant market volatility and the emerging dynamics of Bitcoin ETFs. This strategy, while fraught with volatility, positions the company at the forefront of a major economic transition, suggesting that the future of business may well hinge on the integration of advanced crypto assets into traditional financial systems. Strategic Bitcoin Commitment MicroStrategy reaffirmed its commitment to Bitcoin, integrating it deeply into its corporate finance strategy. As of April 26, the company invested a staggering $7.54 billion - ['Protect Users': CZ's Parting Words to Community After 4-Month Sentence](https://news.shib.io/2024/05/01/protect-users-czs-parting-words-to-community-after-4-month-sentence/): In a somber farewell address to his global community, Changpeng Zhao (CZ), the influential founder of the cryptocurrency exchange Binance, emphasized the paramount importance of user protection. His words, ‘Protect Users,’ came just moments after CZ was sentenced to a four-month imprisonment, leaving the community anxious and saddened by the court’s decision. Gratitude in Adversity Despite the looming worry of imprisonment, CZ’s spirits remained high, fueled by the overwhelming support from his community. He acknowledged the various forms of solidarity shown by his followers, from heartfelt letters to vocal support on social media platforms like X (formerly Twitter).  “I would - [Unveiling the Impact of Open Source on Cryptocurrencies](https://news.shib.io/2024/04/30/unveiling-the-impact-of-open-source-on-cryptocurrencies/): In Web3, open-source software (OSS) serves as a cornerstone in enabling innovation, transparency, and community-driven development. Open-source principles allow code to be freely accessed, modified, and distributed, significantly shaping the evolution of groundbreaking technologies like Bitcoin and Ethereum. Let’s delve into the intricacies of open source in the context of cryptocurrencies and explore its profound impact on this landscape. Open-source software, a concept predating cryptocurrencies, gained prominence in the 1990s as a means for developers to collaborate and share code openly on the internet. Today, open source underpins a vast array of online activities. In the context of cryptocurrencies, open - [Dollar Cost Averaging in Cryptocurrency: A Strategic Approach to Investment](https://news.shib.io/2024/04/30/dollar-cost-averaging-in-cryptocurrency-a-strategic-approach-to-investment/): Cryptocurrency’s wild price swings can make investing feel like a rollercoaster ride. But there’s a strategy to smooth out the bumps: Dollar Cost Averaging (DCA). What Is Dollar Cost Averaging? Dollar Cost Averaging is an investment strategy where an investor divides the total amount to be invested across periodic purchases of a target asset to reduce the impact of volatility on the overall purchase. The purchases occur regardless of the asset’s price and at regular intervals. In effect, this strategy removes much of the detailed work of attempting to time the market to make purchases of equities at the best - [Be Crypto-Cautious: FBI Warns of Deceptive Token Scam](https://news.shib.io/2024/04/30/be-crypto-cautious-fbi-warns-of-deceptive-token-scam/): The Federal Bureau of Investigation (FBI) is raising red flags for cryptocurrency users, highlighting a new scam tactic involving impersonation tokens. The FBI notes in a press release that criminals are resorting to creating counterfeit tokens that mimic well-known cryptocurrencies like Tether (USDT) and other stablecoins. These fraudulent tokens are then disseminated to unsuspecting victims via cryptocurrency addresses bearing a striking resemblance to legitimate ones previously used by the victims. This nefarious scheme, known as an address-poisoning attack, capitalizes on the inherent truncation of cryptocurrency wallet software, where the first and last few alphanumeric characters of the addresses may appear - [TFW Empowers Cancer Warriors Through Times Square NFT Display](https://news.shib.io/2024/04/30/tfw-empowers-cancer-warriors-through-times-square-nft-display/): Tutti Frutti Women (TFW) continues to make waves in the digital and real-world spaces with its mission to empower cancer warriors. Recently, the organization showcased its NFT project on Times Square, marking a significant milestone in its journey of spreading awareness and support for those affected by cancer. Since its establishment in 2022, TFW has been dedicated to supporting cancer warriors and raising awareness about the challenges they face. Through various initiatives, including the publication of a motivational book featuring cancer survivors and the creation of NFTs, TFW has been at the forefront of driving positive change in the community. - [USDC Surpasses USDT in Transaction Volume: A Game-Changing Shift in Stablecoin Dynamics](https://news.shib.io/2024/04/30/usdc-surpasses-usdt-in-transaction-volume-a-game-changing-shift-in-stablecoin-dynamics/): In a remarkable turn of events, Circle’s USD Coin (USDC) has taken the lead over Tether’s USDT in stablecoin transactions, signaling a significant shift in the crypto market landscape. According to recent data from Visa’s on-chain analytics, USDC recorded a staggering 166.6 million transactions in April, surpassing USDT’s 163.6 million transactions for the month. This unexpected surge in USDC transactions has caught industry observers by surprise, especially considering Tether’s longstanding dominance as the world’s largest stablecoin with a market capitalization exceeding $110 billion. USDC, currently valued at $33.5 billion, has managed to outpace Tether despite its smaller market size. The - [Canada Proposes New Capital Gains Tax: What You Need to Know](https://news.shib.io/2024/04/30/canada-proposes-new-capital-gains-tax-what-you-need-to-know/): Canadian Prime Minister Justin Trudeau has unveiled a proposal to overhaul the Capital Gains Tax to address income inequality and boost government revenue. Set to take effect on June 25, 2024, the proposed changes will impact a select group of taxpayers and have implications for both individuals and corporations. Understanding Capital Gains Tax The Capital Gains Tax is levied on individuals when they sell an asset or capital property, with capital gains representing the profits from such sales. This tax applies to a wide range of capital assets, including: The Proposed Alteration Under the proposed alteration, the inclusion rate for - [Germans Embrace Digital Euro: Bundesbank Study Reveals Shift in Consumer Sentiment](https://news.shib.io/2024/04/30/germans-embrace-digital-euro-bundesbank-study-reveals-shift-in-consumer-sentiment/): A study by the Deutsche Bundesbank has unveiled a significant shift in German consumer sentiment toward digital assets. The study found that a remarkable 86% of Germans are receptive to the idea of a central bank digital currency (CBDC), dubbed the “digital Euro.”  This widespread openness presents a pivotal opportunity to modernize the European financial landscape. The Study’s Key Findings 1. Keen Interest in Digital Euro: Nearly half of the approximately 6,000 respondents expressed a strong interest in utilizing a digital Euro, even without the incentive of interest earnings. This finding is particularly remarkable in Germany, a country traditionally known - [Latest Shiba Eternity Update Revolutionizes Player Interaction and Combat Mechanics](https://news.shib.io/2024/04/30/game-on-shiba-eternitys-latest-update-revolutionizes-player-interaction-and-combat-mechanics/): In its ongoing effort to enhance and refine, the Shiba Inu Games team has launched another significant update for “Shiba Eternity,” the first-ever mobile collectible card game rooted in the vibrant Shiba Inu community. This latest upgrade focuses on reinforcing social bonds among players and deepening the strategic elements of gameplay, marking it as the third major enhancement this month. Revamping Player Interactions, Strategic Gameplay Enhancements The latest version, 1.2.7, of ‘Shiba Eternity’ introduces substantial improvements aimed at enhancing player interaction and strategic depth. The updated social menu now operates with remarkable speed, efficiently loading and managing friends lists, making - [Russia Proposes Restrictions on Cryptocurrency Platforms to Strengthen Ruble](https://news.shib.io/2024/04/29/russia-proposes-restrictions-on-cryptocurrency-platforms-to-strengthen-ruble/): Come September 1, 2024, Russia will implement a stringent prohibition on the widespread circulation of crypto assets, including popular cryptocurrencies like Bitcoin. Only digital financial assets issued within Russian jurisdiction will remain permissible, marking a significant step in the government’s efforts to assert control over the crypto landscape amidst escalating geopolitical conflicts. Why Russia Wants to Ban Crypto Anatoly Aksakov, Chair of the State Duma Committee on the Financial Market, is leading an initiative to introduce stricter regulations on cryptocurrency within Russia. The proposed legislation aims to limit the influence of non-Russian crypto operations and solidify the primacy of the - [How Cryptocurrency Can Help You Save Money on Everyday Transactions](https://news.shib.io/2024/04/29/how-cryptocurrency-can-help-you-save-money-on-everyday-transactions/): Cryptocurrencies have surged into the spotlight as lucrative investment vehicles, but their utility extends far beyond trading desks. In this article, we delve into the practical ways cryptocurrency can bolster your financial well-being, from cutting costs on international money transfers to unlocking discounts in online shopping and fortifying money management security. Let’s explore how this revolutionary technology can reshape your financial landscape. 1. International Money Transfers Sending money across borders can incur exorbitant fees through traditional banking channels. However, cryptocurrencies offer a compelling alternative: Lower Fees: Cryptocurrency transactions typically entail lower fees compared to conventional wire transfers, providing a cost-effective - [Unpacking RFK Jr's Blockchain Budget Plan: A Visionary Shift or a Technological Quagmire?](https://news.shib.io/2024/04/28/unpacking-rfk-jrs-blockchain-budget-plan-a-visionary-shift-or-a-technological-quagmire/): In the latest twist in U.S. presidential race dynamics, Robert Kennedy Jr. (RFK), in a bold departure from conventional U.S. presidential campaign promises, has introduced a transformative proposal that could redefine federal financial management: shifting the entire U.S. budget to blockchain technology. Touted as a leap toward unparalleled transparency and operational efficiency, this visionary proposal has ignited a mix of cautious optimism and sharp skepticism across the political spectrum. The Shib Daily sought the help of a leading Web3 expert to examine the potential implementation of JFK Jr’s proposal. That deep dive threw up a raft of troubling questions, quickly - [Shiba Inu Basks In Limelight As Telegram Scorches DOGE In New Features Announcement](https://news.shib.io/2024/04/28/shiba-inu-basks-in-limelight-as-telegram-slyly-burns-doge-in-new-features-announcement/): In what can only be described as a tail-wagging turn of events, Telegram’s announcement of its latest feature has left cryptocurrency buffs, particularly the Shib Army and Dogecoin enthusiasts, howling with confusion and delight, as dog content takes the lead and seemingly paints a message that the instant messaging app has slyly scorched Elon Musk’s beloved Dogecoin over SHIB. Cryptic Canine Clues Over a hectic weekend marked by unexpected outages and fervent discussions on X (formerly Twitter), Pavel Durov’s Telegram introduced a raft of intriguing new features. Amid this announcement, a fleeting glimpse of a channel named “Doge” captured the - [SHIB Dominates Last Week’s Top 20 Crypto Performers, Outshining 18 Rivals](https://news.shib.io/2024/04/26/shib-dominates-last-weeks-top-20-crypto-performers-outshining-18-rivals/): Amid a week characterized by volatile swings and unpredictable market conditions, Shiba Inu ($SHIB) stands out as a beacon of strength in the broader cryptocurrency market. SHIB outshone 18 of its crypto counterparts and continued to hold strong, finishing last week notably higher despite the overall erratic price action, demonstrating resilience and growing investor confidence. Impressive Performance CoinDesk Indices, a provider of cryptocurrency indices, has recognized Shiba Inu as the second top-performing crypto asset in its latest bi-weekly market update. The ranking was based on the substantial growth recorded by the cryptocurrencies over the previous week. Shiba Inu led the - [Shiba Inu Tops Robinhood Weekly Gainers: Outshines ETH, LTC, LINK with Major Surge](https://news.shib.io/2024/04/26/shiba-inu-tops-robinhood-weekly-gainers-outshines-eth-ltc-link-with-major-surge/): This week, the cryptocurrency market witnessed a surprising turn of events as Shiba Inu (SHIB) claimed the top spot among weekly gainers on the crypto trading platform Robinhood. The meme-inspired cryptocurrency not only captured the attention of traders but also showcased a significant 11% increase in value, positioning itself as the leader in a diverse field of digital assets. Originally introduced as a playful alternative to Dogecoin, Shiba Inu has evolved far beyond its meme coin beginnings. Over time, it has developed a strong community and an increasingly robust ecosystem, transforming into a significant player in the cryptocurrency market. This - [Japanese Firm Metaplanet Executes Over $6M Purchase of 97.85 Bitcoin, Echoing Microstrategy's Investment Strategy](https://news.shib.io/2024/04/26/japanese-firm-metaplanet-executes-over-6m-purchase-of-97-85-bitcoin-echoing-microstrategys-investment-strategy/): Japan-based investment consulting firm Metaplanet has delved into the cryptocurrency market with a strategic acquisition of 97.85 Bitcoin, valued at over $6 million. This inaugural foray into digital currencies marks a pivotal moment for Metaplanet, signaling its emergence as a player in the ever-evolving landscape of digital finance. Strategic Acquisition and Financial Milestone Metaplanet made waves in the financial world with its recent announcement on social media platform X, marking a pivotal moment in the company’s trajectory. On Monday, the firm finalized its inaugural acquisition of 97.85 bitcoins, amounting to an impressive JPY 1 billion or around $6.25 million. This - [Shiba Inu Surges 23%, Hits Weekly High as Whale Transactions Skyrocket](https://news.shib.io/2024/04/26/shiba-inu-surges-23-hits-weekly-high-as-whale-transactions-skyrocket/): Shiba Inu ($SHIB) has surged by an impressive 23%, reaching a new weekly high, driven by a dramatic increase in whale transactions. The cryptocurrency witnessed a significant jump in large transaction volumes—a 61.39% increase in just 24 hours—highlighting a robust influx of major investor interest.  The Breakout and the Bulls’ Charge A recent tweet by cryptocurrency price tracker Coinpedia Markets reported that “$SHIB is already 23% up since successfully breaking out the Range High as support. On its way to exploding the Range High resistance area via the green path with a target of $0.0000450.” This statement highlights a significant - [Stripe Returns to Crypto Payments: USDC Integration Signals Strategic Shift](https://news.shib.io/2024/04/26/stripe-returns-to-crypto-payments-usdc-integration-signals-strategic-shift/): In a surprising move, fintech giant Stripe announced its re-entry into the cryptocurrency market after a six-year hiatus, unveiling plans to accept crypto payments starting with the USDC stablecoin on Thursday. The news came during the company’s Connect developer conference in San Francisco, where co-founder and president John Collison revealed Stripe’s pivot towards embracing stablecoins for transactions. This strategic shift marks a notable departure from Stripe’s previous stance on cryptocurrencies, notably pulling back from Bitcoin in 2018 due to its volatility. Now, Stripe is focusing on the stability and reliability of USDC, a leading stablecoin, allowing customers to transact seamlessly - [Spot Ether ETFs Spark Global Excitement Amid Regulatory Divergence](https://news.shib.io/2024/04/26/spot-ether-etfs-spark-global-excitement-amid-regulatory-divergence/): Over the last few weeks and months, Ether ETFs have dominated headlines, oscillating between hopeful anticipation and regulatory uncertainty in various jurisdictions. Hong Kong has become the first major financial hub to approve the launch of spot Bitcoin and Ether exchange-traded funds (ETFs), while U.S. regulators continue to express skepticism. The Securities and Futures Commission (SFC) of Hong Kong announced the official approval of the first batch of spot Bitcoin and Ether ETFs, which will start trading on April 30. Unlike the cash-creation model of U.S. spot Bitcoin ETFs, Hong Kong aims to offer in-kind creation models for ETFs that - [A Bullish Forecast: SHIB to Reach $100B Market Cap by 2025](https://news.shib.io/2024/04/26/a-bullish-forecast-shib-to-reach-100b-market-cap-by-2025/): Shiba Inu, the cryptocurrency that began as a meme, is now on a trajectory toward achieving a market capitalization of $100 billion by 2025. This ambitious forecast isn’t just a dream but a reflection of growing investor confidence and the evolving utility of the token within the blockchain ecosystem. Since its inception in August 2020, Shiba Inu has grown from a quirky meme coin to a staple in the crypto community. Known for its vibrant and active community, $SHIB consistently pushed the boundaries of what a digital currency can be. It is not just a token but a decentralized ecosystem - [A Year After Lubin Praised Gensler, His Company Consensys Sues SEC Over 'Unlawful Seizure of Authority'](https://news.shib.io/2024/04/26/a-year-after-lubin-praised-gensler-his-company-consensys-sues-sec-over-unlawful-seizure-of-authority/): Last year, Joseph Lubin, the co-founder of Ethereum, stood in the spotlight as he extolled SEC Chair Gary Gensler as a “shining knight of decentralization.” However, the sheen of this praise has significantly dulled. More than a year later, the narrative has taken an unexpected turn as Consensys, the Ethereum blockchain company Lubin founded, finds itself at odds with the very agency Gensler leads. On a Thursday that marked a new chapter in the crypto saga, Consensys filed a 34-page lawsuit in a Texas federal court against the SEC. This legal move was not merely defensive but a clarion call - [Million-Dollar NFT Sales Spark Debate on Non-Fungible Token Market Resurgence](https://news.shib.io/2024/04/26/million-dollar-nft-sales-spark-debate-on-non-fungible-token-market-resurgence/): The recent resurgence in interest in Non-Fungible Tokens (NFTs) comes after a period of decline that started in 2022 and continued into the early part of this year. During this downturn, the prices and sales volumes of NFTs dropped significantly from their peak in 2021 and 2022. However, a series of high-value sales of various NFT collectibles has sparked renewed interest and discussions about the potential rebound of the NFT market. Historical Context  In 2021, the non-fungible token (NFT) market soared dramatically, fueled by a significant increase in cryptocurrency prices that drew a wave of new traders looking for opportunities - [Shibarium Network Hard Fork Update: Faster, Cheaper, and Ready for the Future](https://news.shib.io/2024/04/25/shibarium-network-hard-fork-update-faster-cheaper-and-ready-for-the-future/): The Shibarium network is set to undergo a hard fork on May 2. This upgrade promises to make the network faster, more cost-effective, and better prepared to onboard the next wave of users. What Is a Hard Fork? Before we dive into the details of the upcoming hard fork, let’s briefly explain what a hard fork is in the world of cryptocurrencies. A hard fork is a fundamental change to a blockchain protocol, resulting in the creation of a new version of the network. It’s like a software update for the entire blockchain, and it often introduces new features, improvements, - [The Million-Dollar Marvel: The Journey of a Once-Worthless 'Buy Bitcoin' Sign](https://news.shib.io/2024/04/25/the-million-dollar-marvel-the-journey-of-a-once-worthless-buy-bitcoin-sign/): Bitcoin holds significant value, a widely acknowledged truth. Beyond mere investment, it serves as a lucrative asset through various avenues, benefiting from its integration into mainstream culture despite critiques. A notable illustration of this phenomenon is the recent auction of an item perceived by some as trivial, which fetched approximately 16 BTC, equivalent to roughly one million dollars. Former President John F. Kennedy’s quote, “The rising tide lifts all boats,” takes on new relevance when recalling a curious incident from 2017. During a televised event featuring then-United States Federal Reserve Chair Janet Yellen, a then-unknown individual captured a lot of - [Feds Bust Crypto Mixing Service: Samourai Founders Accused of Laundering Millions](https://news.shib.io/2024/04/25/feds-bust-crypto-mixing-service-samourai-founders-accused-of-laundering-millions/): The founders of Samourai Wallet, a popular privacy-centric Bitcoin wallet, are embroiled in legal trouble as federal prosecutors charge them with serious offenses related to money laundering and operating an unlicensed money-transmitting business. “Keonne Rodriguez and William Lonergan Hill Are Charged with Operating Samourai Wallet, an Unlicensed Money Transmitting Business That Executed Over $2 Billion in Unlawful Transactions and Laundered Over $100 Million in Criminal Proceeds,” the U.S. Attorney’s Office in the Southern District of New York announced in a press release Wednesday. The Allegations Keonne Rodriguez and William Lonergan Hill, the brains behind Samourai Wallet, are accused of conspiring - [Now Buy a Crypto Cold Wallet with SHIB: Tangem Expands Payment Options for Shiba Inu Holders](https://news.shib.io/2024/04/25/now-buy-a-crypto-cold-wallet-with-shib-tangem-expands-payment-options-for-shiba-inu-holders/): In a promising development for Shiba Inu holders, leading crypto hardware wallet provider Tangem has broadened its payment horizons to include SHIB, offering a seamless way for enthusiasts to acquire Tangem Wallets using the popular meme coin. Tangem’s decision to integrate SHIB payments aligns perfectly with its commitment to bolstering security and convenience for the global crypto community. This expansion not only caters to the rising demand for SHIB but also underscores Tangem’s responsiveness to user preferences. To purchase a Tangem Wallet with SHIB, simply follow these steps: Tangem’s history with Shiba Inu goes back over a year when it - [Indonesia and Australia Forge Crypto Taxation Agreement to Boost Revenue and Promote Economic Growth](https://news.shib.io/2024/04/25/indonesia-and-australia-forge-crypto-taxation-agreement-to-boost-revenue-and-promote-economic-growth/): In a significant move to enhance the detection of assets that may have tax liabilities in either country, Indonesia and Australia’s tax authorities signed a Memorandum of Understanding (MoU) for a cryptocurrency information-sharing arrangement. The agreement, which was unveiled April 23, emphasizes the importance of innovation and collaboration among tax authorities to keep up with the rapid advances in the worldwide landscape of financial technologies. The MoU signed at the Australian Embassy in Jakarta, aims to promote a more effective interchange of cryptocurrency-related data and information across tax authorities. It also highlights the need for equitable taxation to promote economic - [Exclusive Interview- Group behind El Salvador's Wallet Hack Explains Its Motives](https://news.shib.io/2024/04/24/exclusive-interview-group-behind-el-salvadors-wallet-hack-explains-its-motives/): Recent concerns about the security of El Salvador’s Chivo Bitcoin wallet have ignited debates within the cryptocurrency community—where ideals of freedom and decentralization are celebrated. In the midst of these swirling allegations and stark official denials, The Shib Daily secured a rare and exclusive interview with the notoriously elusive hacking group CiberInteligenciaSV, known for its incursions into organizations and government entities. The group, which recently swept into the public eye by releasing sensitive data from the government-backed Chivo wallet, was clear its motives were far from malicious. From the digital shadows, a representative from CiberInteligenciaSV shared: “Many believe that we - [SHIB's War Chest](https://news.shib.io/2024/04/24/shibs-war-chest/): Read the latest edition of The Shib magazine here. - [Robinhood App Now Offers SHIB Trading for New York Residents](https://news.shib.io/2024/04/24/robinhood-app-now-offers-shib-trading-for-new-york-residents/): The popular trading platform Robinhood has officially added Shiba Inu (SHIB) to its list of supported assets for residents of New York State. They can now buy, sell, and trade SHIB directly through the Robinhood app. Why Is This News Significant? How to Trade SHIB on Robinhood Remember that cryptocurrency investments carry risks, and it’s essential to do your research and understand the market dynamics before trading. Robinhood’s inclusion of SHIB for New York State residents marks a significant step toward democratizing crypto trading. - [Hacking Group Leaks Source Code of El Salvador's Chivo Bitcoin Wallet, ATM Network](https://news.shib.io/2024/04/24/hacking-group-leaks-source-code-of-el-salvadors-chivo-bitcoin-wallet-atm-network/): A hacking group known for its cyberattacks on organizations and governments has once again thrust itself into the spotlight with a daring maneuver that captured global attention. This time, CiberInteligenciaSV leaked what it said was a portion of the source code and VPN credentials of Chivo Wallet, El Salvador’s state-operated Bitcoin wallet. Breach And Dump The saga started with a threatening declaration earlier this week on the group’s Telegram channel: “We will release part of the source code and VPN access belonging to Chivo Wallet, for free as always, unless any government snoops want to talk, I’ll leave our username - [Shytoshi Kusama’s Cryptic Response to Bitcoiner Davinci Jeremie’s Bullish SHIB Tweet](https://news.shib.io/2024/04/24/shytoshi-kusamas-cryptic-response-to-bitcoiner-davinci-jeremies-bullish-shib-tweet/): In a surprising twist that has set the crypto community abuzz, Shytoshi Kusama, the enigmatic lead developer of the Shiba Inu ecosystem, responded to a bullish tweet by prominent Bitcoiner Davinci Jeremie. Davinci’s tweet, “Wow, it seems like $SHIB is about to go,” conveyed optimism about the prospects of the token. Kusama’s response, however, was anything but conventional. Instead of a typical text reply, Kusama opted for a GIF—an image of a nodding girl with a playful smile of approval. This cryptic interaction sent ripples of excitement throughout the Shib Army, the passionate community of Shiba Inu enthusiasts. Davinci Jeremie: - [DOJ Pushes for Three-Year Prison Sentence for Binance's CZ Following Guilty Plea](https://news.shib.io/2024/04/24/doj-pushes-for-three-year-prison-sentence-for-binances-cz-following-guilty-plea/): The U.S. Department of Justice has recommended a three-year prison sentence for Changpeng “CZ” Zhao, the founder and former CEO of Binance. This recommendation follows Zhao’s guilty plea last year for violating the Bank Secrecy Act. As per a filing by DOJ attorneys on Tuesday evening, the department is seeking that Zhao serve a 36-month prison term and pay a $50 million fine. The filing emphasized that the sentence’s significance extends beyond Zhao, serving as a deterrent against future misconduct worldwide. The filing outlines the DOJ’s assessment of the sentencing guidelines, acknowledging that they typically propose a range of 12 - [Is Cryptocurrency Losing Its Way? Crypto Genius' Stark Reminder of Its True Purpose](https://news.shib.io/2024/04/24/is-cryptocurrency-losing-its-way-crypto-genius-stark-reminder-of-its-true-purpose/): In a recent social media posat, Ethereum co-founder Vitalik Buterin emphasized a fundamental principle of cryptocurrency that extends beyond trading: the preservation of individual liberty and the decentralization of power. His call to arms, so to speak, highlights a critical juncture in time where digital assets face increasing scrutiny over their role in safeguarding privacy amid global surveillance anxieties. ‘Crypto is not just about trading tokens, it’s part of a broader ethos of protecting freedom and privacy and keeping power in the hands of the little guy,” Buterin asserted in a post on X on Saturday. The founding ethos of - [Priced In or Not, Bitcoin Halving Propels Meme Coins' Value](https://news.shib.io/2024/04/24/priced-in-or-not-bitcoin-halving-propels-meme-coins-value/): Amid ongoing debates over whether the effects of the Bitcoin Halving were already reflected in its price, recent market trends confirm the event’s crucial role in driving the bullish sentiment observed across multiple cryptocurrencies. This historic reduction in Bitcoin mining rewards marks a significant milestone, influencing market dynamics and investor sentiment profoundly. The cryptocurrency market saw an uptick as Bitcoin rose modestly at the start of the week following the network’s fourth halving on Friday. This pivotal event reduced the reward for mining Bitcoin transactions, influencing not just Bitcoin but the entire crypto spectrum. Bitcoin faced a slight pullback immediately - [SHIB Ecosystem Dominates: Q1 Rally Elevates Shiba Inu, LEASH And BONE](https://news.shib.io/2024/04/24/shib-ecosystem-dominates-q1-rally-elevates-shiba-inu-leash-and-bone/): The SHIB ecosystem emerged as a dominant force in the cryptocurrency market during the first quarter of the year, in a resounding display of strength. The Q1 rally propelled not only Shiba Inu but also its companion tokens, LEASH and BONE, to new heights, solidifying the ecosystem’s position as a frontrunner in the rapidly evolving landscape of meme coins. The SHIB ecosystem encompasses a range of tokens, with SHIB, LEASH, and BONE being the most popular and primary ones. Shiba Inu gained popularity for its meme-inspired branding and has attracted a devoted community of supporters. LEASH serves as a companion - [Can Cryptocurrencies Ever Be Truly Private?](https://news.shib.io/2024/04/23/can-cryptocurrencies-ever-be-truly-private/): Cryptocurrencies have ushered in a new era of financial transactions, offering decentralization and borderless capabilities. Yet, the quest for complete privacy in these digital assets remains a complex and evolving challenge. In this article, we explore the intricacies surrounding cryptocurrency privacy, the regulatory landscape, and the delicate balance between user empowerment and financial transparency. The Illusion of Anonymity While often touted as anonymous, cryptocurrencies fall short of providing absolute privacy. The cornerstone of most cryptocurrencies, the blockchain, maintains a public ledger of all transactions. Despite the use of pseudonymous addresses, advancements in blockchain analysis have enabled the linkage of wallet - [PayPal Pilots Green Bitcoin Rewards Program to Combat Environmental Impact of Mining](https://news.shib.io/2024/04/23/paypal-pilots-green-bitcoin-rewards-program-to-combat-environmental-impact-of-mining/): In a groundbreaking initiative to address concerns about Bitcoin’s environmental impact, PayPal, in collaboration with Energy Web and DMG Blockchain Solutions, is set to roll out a new incentive program that rewards miners who prioritize sustainable energy practices. The program, outlined in a recent research paper by PayPal’s Blockchain Research Group, aims to incentivize Bitcoin miners to shift toward cleaner energy sources by offering additional rewards for environmentally friendly operations. This comes at a critical juncture when the environmental impact of cryptocurrencies, particularly Bitcoin, is under intense scrutiny. Bitcoin miners adopting low-carbon energy sources will be accredited as “green miners” - [Bitcoin Transaction Fees Drop Significantly Post-Halving, Disrupting Crypto Fee Landscape](https://news.shib.io/2024/04/23/bitcoin-transaction-fees-drop-significantly-post-halving-disrupting-crypto-fee-landscape/): In the aftermath of Bitcoin’s highly anticipated fourth halving event, the cryptocurrency landscape witnessed a notable decline in transaction fees, signaling potential shifts in blockchain economics. Just days after the halving, Bitcoin’s transaction fees plummeted nearly ten-fold, marking a swift decline from the elevated levels seen immediately following the event. Initially, transaction fees soared to over $130 for high-priority transactions, imposing significant costs on participants. However, this surge was short-lived, with fees now averaging around $35 for medium-priority transactions—a stark contrast to the post-halving peak. This significant reduction has sparked discussions about its implications for miners and the broader cryptocurrency - [Venezuela Expedites Cryptocurrency Transition Amid Reinstated Oil Sanctions](https://news.shib.io/2024/04/23/venezuela-expedites-cryptocurrency-transition-amid-reinstated-oil-sanctions/): Amid escalating geopolitical tensions and enduring financial constraints, Venezuela’s state-owned oil company, PDVSA, is eyeing a strategic shift toward using cryptocurrency as a potential workaround to circumvent the latest sanctions imposed by the United States. The move underscores PDVSA’s ongoing struggle to navigate the intricate web of international sanctions that have severely hampered its ability to conduct global transactions, Reuters reported. PDVSA, long in the crosshairs of international sanctions due to its close affiliations with the Venezuelan government, finds itself grappling with mounting obstacles in accessing foreign bank accounts, a critical lifeline for conducting international business. Over the past year, - [Achtung ShibArmy! Don't Believe the Scammers, TREAT Token is Not Yet Released](https://news.shib.io/2024/04/23/achtung-shibarmy-dont-believe-the-scammers-treat-token-is-not-yet-released/): In the wake of the appearance of fake $TREAT token claims, the Shiba Inu community is being cautioned to remain vigilant against scams and misinformation circulating on the tokens. Despite recent deceptive campaigns alleging the stealthy launch of the TREAT token, Shiba Inu sources confirm that $TREAT has not been released, and any claims suggesting otherwise are fraudulent. When Shiba Inu announced Monday that it had raised $12 million through the sale of the $TREAT utility token, it clearly said in that announcement that the token is yet to be released. The emergence of counterfeit $TREAT promotions is not a - [Exploring Innovation: Shiba Inu's Layer-3 Blockchain - Discovering Hidden Features and Benefits](https://news.shib.io/2024/04/23/exploring-innovation-shiba-inus-layer-3-blockchain-discovering-hidden-features-and-benefits/): In the wake of the Shiba Inu Development Team’s electrifying announcement on Monday, which ignited fervent excitement and bullish sentiment across the crypto community, it became evident that several pivotal details about the team’s current initiative may have been overlooked. While attention gravitated towards the impressive fundraising amount and the prospect of a new token within the Shiba Ecosystem, there are critical nuances and advancements within this promising project that deserve closer examination. What Is A Layer-3 Blockchain Layer 3 in blockchain technology refers to an advanced protocol built on top of existing Layer 2 solutions, introducing additional functionalities and - [Shiba Inu Pattern Hints At Bullish Breakout Ahead](https://news.shib.io/2024/04/23/shiba-inu-pattern-hints-at-bullish-breakout-ahead/): Following a phase of trading in the red zone, which erased the gains Shiba Inu had accumulated from the last week of February to the first week of March, the beloved token of the Shiba Ecosystem now appears primed for a bullish breakout. The recent pattern suggests a significant increase in value may be imminent, which could boost the investments of the Shib Army, particularly those that heavily accumulated during the dip. Following the much-anticipated Bitcoin Halving event, Shiba Inu entered a period of trading in the green zone, experiencing an impressive surge of over 18% in value. However, despite - [SEC Lawyers Resign Following 'Gross Abuse of Power' Sanction in Crypto Case](https://news.shib.io/2024/04/23/sec-lawyers-resign-following-gross-abuse-of-power-sanction-in-crypto-case/): Following a scathing rebuke from a federal judge for what was deemed a “gross abuse of power” in a high-profile crypto case, two U.S. Securities and Exchange Commission (SEC) lawyers have tendered their resignations. This comes amid heightened scrutiny and criticism directed at the Wall Street regulator, highlighting the profound impact of the judicial sanction on key figures within the SEC’s legal team. Two lead attorneys in the controversial case against the Digital Licensing Inc. (DEBT Box) case,  Michael Welsh and Joseph Watkins, resigned from their posts in April after the SEC informed them of a potential termination if they - [A Drop Of Golden Sun: Shiba Inu’s $12M Boost Will Fund New Technology To Entice More Users](https://news.shib.io/2024/04/22/a-drop-of-golden-sun-shiba-inus-12m-boost-will-fund-new-technology-to-entice-more-users/): Shiba Inu said it has closed a $12 million round to fund the development of a new L3 blockchain focused on privacy. The announcement Monday caps an eventful few weeks when the dog-themed meme coin had a terrific run in the market while also tying up with partners to offer increased convenience and utility to its fiercely loyal fans nicknamed the Shib Army. The funding, from a clutch of big name investors — Mechanism Capital, Big Brain Holdings, Cypher Capital, Shima Capital, DWF Ventures, Morningstar Ventures, Hercules Ventures, Animoca Brands, Foresight Ventures, Comma3 Ventures, Woodstock Fund, Polygon Ventures, Stake Capital, - [Shaping the Future of DevPortals: An Exclusive Interview with Anndy Lian](https://news.shib.io/2024/09/04/shaping-the-future-of-devportals-an-exclusive-interview-with-anndy-lian/): DevPortals are the hidden gems of the software development landscape providing developers with essential tools and resources. But as technology rapidly evolves, these platforms must adapt to stay relevant. In this exclusive interview, we explore the future of DevPortals with Anndy Lian, a leading expert in blockchain and decentralized technologies. Lian offers valuable insights into how blockchain, AI, and the metaverse can transform these platforms, creating more secure, transparent, and inclusive environments for developers. Decentralized DevPortals The Shib: How can blockchain technology be leveraged to create more secure, transparent, and community-driven dev portals, while addressing potential challenges like scalability and - [Pro-Crypto Attorney John Deaton Wins Republican Senate Nomination in Massachusetts](https://news.shib.io/2024/09/04/pro-crypto-attorney-john-deaton-wins-republican-senate-nomination-in-massachusetts/): John Deaton, a prominent pro-crypto attorney and advocate for Ripple (XRP), has won the Republican nomination for the U.S. Senate in Massachusetts. In the November general election, Deaton will face off against incumbent Democratic Senator Elizabeth Warren. Deaton’s victory marks a significant development in the Massachusetts senatorial race, with his campaign receiving substantial backing from the cryptocurrency industry. According to a report by the Associated Press, Deaton secured 64% of the vote in the Republican primary, defeating two other candidates—industrial engineer Bob Antonellis and Quincy City Council president Ian Cain. At the time of reporting, 43% of the total votes - [SEC's Galois Capital Crackdown Sparks Crypto Fury](https://news.shib.io/2024/09/04/secs-galois-capital-crackdown-sparks-crypto-fury/): The Securities and Exchange Commission’s (SEC) decision to penalize defunct crypto hedge fund Galois Capital for custody rule violations has ignited a firestorm of criticism within the cryptocurrency community. Many industry leaders and experts are denouncing the SEC’s actions as heavy-handed, counterproductive, and ultimately detrimental to the future of the U.S. crypto industry. Galois Capital, which shut down in February 2023 following losses incurred in the FTX collapse, agreed to pay a $225,000 civil penalty without admitting or denying the SEC’s findings. The SEC alleged that Galois failed to ensure that certain crypto assets were held with a qualified custodian, - [Bitcoin ATM Scams Surge, Targeting Older Adults With Fraudulent Schemes](https://news.shib.io/2024/09/04/bitcoin-atm-scams-surge-targeting-older-adults-with-fraudulent-schemes/): A troubling trend has emerged as fraudsters utilize Bitcoin ATMs to perpetrate scams, predominantly affecting the elderly.  According to data from the Federal Trade Commission (FTC) shared with NBC News, consumer losses from Bitcoin ATM scams have surged nearly tenfold since 2020, surpassing $110 million in 2023.  The data further added that a significant portion of these victims are older adults, with those over 60 being more than three times as likely to fall prey to these schemes compared to younger individuals. These scammers would mostly initiate their schemes by contacting potential victims under the guise of customer service representatives. - [X Accounts of Lara Trump, Tiffany Trump Hacked By Crypto Scammers](https://news.shib.io/2024/09/04/x-accounts-of-lara-trump-tiffany-trump-hacked-by-crypto-scammers/): The X accounts of Lara Trump, wife of Eric Trump (son of former U.S. President Donald Trump), and Tiffany Trump, daughter of the ex-president, were compromised on Tuesday evening to promote scam tokens.  Several news reports say that both accounts were used to highlight a new token allegedly tied to “World Liberty Financial” — a project the Trump family has recently been discussing. Both Lara and Tiffany Trump had previously tweeted about “the only official” blockchain addresses for World Liberty Financial, emphasizing the importance of their new governance token, $WL, which is designed to operate on the Solana network. Soon - [Korea Food Research Institute Employee Caught Running Crypto Mining Operation Using Stolen GPUs](https://news.shib.io/2024/09/04/korea-food-research-institute-employee-caught-running-crypto-mining-operation-using-stolen-gpus/): An employee of the Korea Food Research Institute (KFRI) was recently found to have secretly installed a cryptocurrency mining server within the institute, operating it for over a year in a secluded area, according to a report. The report, released on August 26, came out as a result of an audit conducted by the National Research Council of Science and Technology (NST), detailing the unauthorized activities carried out by the employee. Referred to as Director A, the employee is now facing dismissal as a result of the findings. In the report, it was revealed that Director A stole 12 high-end - [North Korean Crypto Heist Spree: ETFs Now in the Crosshairs](https://news.shib.io/2024/09/04/north-korean-crypto-heist-spree-etfs-now-in-the-crosshairs/): The U.S. Federal Bureau of Investigation (FBI) has issued a stark warning that North Korean state-sponsored hackers, notorious for their billion-dollar cryptocurrency heists, are now setting their sights on a new target: companies associated with cryptocurrency exchange-traded funds (ETFs). ETFs: A New Frontier for North Korean Hackers? The FBI warns that these prolific cybercriminals are expanding their scope to include companies associated with cryptocurrency ETFs and other related financial products. The agency’s alert highlights the hackers’ use of sophisticated social engineering tactics, often targeting individuals with advanced technical expertise within the DeFi and cryptocurrency sectors. These campaigns aim to deploy - [Do Kwon Shadow Looms: Wallet Linked to Disgraced Mogul Moves $62M in Bitcoin](https://news.shib.io/2024/09/04/do-kwon-shadow-looms-wallet-linked-to-disgraced-mogul-moves-62m-in-bitcoin/): A cryptocurrency wallet reportedly associated with Terraform Labs and its disgraced co-founder, Do Kwon, has transferred 1,075 Bitcoin—roughly $62 million —to a different address, raising questions about the fate of assets linked to the collapsed Terra ecosystem. The transfer, identified by blockchain analytics firm Arkham Intelligence on Monday, came as Kwon awaits extradition from Montenegro, where he is currently serving a four-month prison sentence for possessing forged travel documents. While it remains unclear whether Kwon directly orchestrated the transfer, the wallet’s historical connection to Terraform Labs has sparked speculation and concern within the crypto community. A Trail of On-Chain Clues - [Japan’s Financial Regulator Proposes Lower Taxes for Crypto Assets in 2025](https://news.shib.io/2024/09/04/japans-financial-regulator-proposes-lower-taxes-for-crypto-assets-in-2025/): Japan’s Financial Services Agency (FSA) has proposed changes to the country’s tax code for the fiscal year 2025, including new provisions related to the taxation of crypto assets. The FSA’s Aug. 30 request for tax reform outlined a plan to treat cryptocurrencies like traditional financial assets, potentially lowering the tax rates currently applied to crypto transactions. “Regarding the tax treatment of cryptocurrency transactions, cryptocurrency should be treated as a financial asset that should be an investment target for the public,” stated the FSA. The proposal also noted the need to “consider this issue from the perspective of whether it should - [Has Wall Street Hijacked Bitcoin? Hedge Fund Manager Sounds the Alarm on ETFs](https://news.shib.io/2024/09/04/has-wall-street-hijacked-bitcoin-hedge-fund-manager-sounds-the-alarm-on-etfs/): Veteran hedge fund manager Mark Yusko asserts that the introduction of Bitcoin exchange-traded funds (ETFs) has granted Wall Street a degree of control over the cryptocurrency’s price movements. In a recent interview with crypto podcaster Scott Melker, Yusko, the CEO and founder of Morgan Creek Capital Management, observed a lack of significant selling pressure in both spot and ETF Bitcoin markets. However, he attributed the recent Bitcoin correction to entities heavily shorting BTC in the futures market. Institutional Shorting: A Tactic to Accumulate Bitcoin at a Discount? Yusko posits that institutions are strategically shorting Bitcoin to artificially depress its price, - [StealthEX Adds Full Range of Shiba Inu Tokens for Seamless Swaps](https://news.shib.io/2024/09/04/stealthex-adds-full-range-of-shiba-inu-tokens-for-seamless-swaps/): StealthEX, a non-custodial cryptocurrency exchange known for offering limitless swaps, has announced that its platform now offers the complete Shiba Inu ecosystem tokens.  The announcement made yesterday via its official Twitter account confirms that users can now swap SHIB, BONE, and LEASH tokens along with over 1,500 other cryptocurrencies supported by the platform. “🔥 Attention #SHIBARMY! 🔥 Find the complete set of @Shibtoken assets on StealthEX! 🚀 Effortlessly swap 1500+ #crypto and get your hands on $SHIB, $BONE, $LEASH in just a few clicks,”  stated StealthEX. The exchange emphasized that users can perform swaps without registration or limits, offering a - [SHIB's TREAT Yourself Global Tour Invades KBW2024](https://news.shib.io/2024/09/04/shibs-treat-yourself-global-tour-invades-kbw2024/): The Shiba Inu “TREAT Yourself” Global Tour has made its highly anticipated stop at the prestigious Korean Blockchain Week (KBW2024). The tour, led by the visionary Kusama, has been captivating the Shiba Inu community with its exciting events and exclusive experiences. TREAT Yourself at The Korean Blockchain Week 2024 At the KBW2024, the Shiba Inu team set up a vibrant booth where attendees can immerse themselves in the Shiba Inu ecosystem. The booth features interactive displays, giveaways, and opportunities to connect with fellow Shib Army members.  One of the highlights of the booth is the exciting “Scratch and Win” promotion. - [Shiba Inu Burn Strategy Highlighted By Justin Sun](https://news.shib.io/2024/09/04/shiba-inu-burn-strategy-of-shiba-inu-acknowledged-by-justin-sun/): Shiba Inu, once dismissed as a mere meme coin, continues to exert a surprising influence on the cryptocurrency landscape. Justin Sun, the prominent founder of TRON, recently recognized the Shiba Inu burning style as the SunPump community decides on its own token burning strategy. On Tuesday, cryptocurrency entrepreneur Sun, whose estimated net worth hovers around $1.5 billion, weighed in on a proposed strategy for SunPump. “Regarding the issue of revenue buyback and burning for @sunpumpmeme,” Sun said, in an X post, “the community previously suggested burning liquidity provider (LP) tokens.” He noted that this tactic is employed by popular meme - [Bitcoin Seized from ‘Mastermind’ of Machete Crypto Robbery by Scottish Court](https://news.shib.io/2024/09/03/bitcoin-seized-from-mastermind-of-machete-crypto-robbery-by-scottish-court/): A Scottish court has seized £110,000 (around $144,000) worth of Bitcoin from John Ross Rennie, who was described as the “technical brains” behind a violent robbery in 2020 that targeted cryptocurrency. According to a BBC report on Monday, prosecutors in Scotland used proceeds of crime legislation to convert and seize the digital assets, marking what has been called a “Scots legal first.” Prosecutors converted the 23.5 Bitcoin into physical cash, totaling £109,601. Rennie, 29, was convicted of possessing stolen goods after a robbery at a home in Blantyre, Lanarkshire, where a man was forced to transfer Bitcoin during an assault. - [Ripple Lawyer Slams SEC for Inventing 'Crypto Asset Security' Term](https://news.shib.io/2024/09/03/ripple-lawyer-slams-sec-for-inventing-crypto-asset-security-term/): Ripple Labs’ chief legal officer Stuart Alderoty has criticized the United States Securities and Exchange Commission (SEC) for repeatedly using the term “crypto asset security,” stating that it lacks a legal basis.  He accused the SEC of attempting to mislead judges by introducing the phrase into legal arguments. Alderoty’s comments followed an SEC filing last Friday, where the agency warned that it might oppose any plan by the bankrupt crypto exchange FTX to use stablecoins to repay its creditors. The SEC’s filing mentioned that FTX’s portfolio includes “crypto asset securities.” Alderoty views this as part of the SEC’s effort to - [Binance Transfers South African Derivatives Users to Bahrain Subsidiary](https://news.shib.io/2024/09/03/binance-transfers-south-african-derivatives-users-to-binance-bahrain-subsidiary/): Binance announced on Tuesday that it will transfer its South African users who trade derivatives to its Bahrain subsidiary Bahrain B.S.C. (c) The crypto exchange shared in a blog post that this move will ensure “that it (Binance) continues to comply with its regulatory obligations and can continue to provide services for derivatives products to South African users.” The latter (Bahrain B.S.C. (c)) will now handle the provision of derivative services to South African residents. The company shared that Binance Bahrain will function as a Juristic Representative of FiveWest OTC Desk (Pty). This arrangement is said to ensure that Binance - [Russia Confiscates 238 Cryptocurrency Mining Rigs From Gardening Village](https://news.shib.io/2024/09/03/russia-confiscates-238-cryptocurrency-mining-rigs-from-gardening-village/): Russian authorities have confiscated 238 cryptocurrency mining rigs in the Irkutsk region, a well-known hub for Bitcoin mining. According to a report by state media outlet TASS, the The Investigative Committee of the Russian Federation for the Irkutsk Region conducted the raid in the Priangarye area. The mining rigs were found in a settlement associated with the Angarsky Bereg gardening partnership, a non-profit organization purportedly comprising agriculturalists working in rural areas. Officials stated that the illegal miners caused damages amounting to over 68 million rubles (around $758,000). The Investigative Committee said that the rigs were in the possession of residents - [Manhattan Judge Dismisses Dogecoin Price Manipulation Lawsuit Against Elon Musk and Tesla](https://news.shib.io/2024/09/03/manhattan-judge-dismisses-dogecoin-price-manipulation-lawsuit-against-elon-musk-and-tesla/): A Manhattan judge dismissed with prejudice a lawsuit accusing tech billionaire Elon Musk and his electric vehicle company, Tesla, of manipulating the price of Dogecoin (DOGE) through social media posts and public statements.  U.S. District Judge Alvin Hellerstein delivered the decision last Thursday. Musk had been facing allegations of using his platform and public appearances to influence the meme coin’s market value. Originally, the lawsuit was filed in 2022, claiming that Musk exploited his substantial Twitter (now X) following and his 2021 appearance on NBC’s “Saturday Night Live” to affect Dogecoin’s price.  Musk also faced allegations from investors about his - [Thai Authorities Raid Illegal Bitcoin Mine Caught Stealing Electricity](https://news.shib.io/2024/09/03/thai-authorities-raid-illegal-bitcoin-mine-caught-stealing-electricity/): Thailand’s police and electricity officials raided an illegal Bitcoin mine in Ratchaburi province last Friday, following frequent complaints of power outages in the area, local authorities said on Sunday. Local police, along with officials from the Provincial Electricity Authorities (PEA), searched a house suspected of operating as a Bitcoin mining operation on Friday. “We found bitcoin mining rigs, pointing to people using this house to operate a mine and using the power they didn’t fully pay for,” stated Jamnong Chanwong, chief district security officer. Authorities began investigating the location in mid-July after receiving reports of power outages, likely coinciding with - [Bluesky Soars with One Million New Users Amid Brazil's Ban on X](https://news.shib.io/2024/09/03/bluesky-soars-with-one-million-new-users-amid-brazils-ban-on-x/): Decentralized social media platform Bluesky welcomed one million new users within three days of Brazil banning its rival X.  BlueSky posted on X and praised Brazil for setting an example for new user signups. The app also ranked first place on the free iPhone app chart in Brazil on Tuesday.  Bluesky was co-founded and initiated by former Twitter (now called X) CEO Jack Dorsey, though he left the company in May 2024. The platform’s functionalities are a lot similar to X — it allows users to post text up to 300 characters, share images, and repost. The timing of new - [South Korea's FSS to Inspect Virtual Asset Exchanges for Illegal Transactions](https://news.shib.io/2024/09/03/south-koreas-fss-to-inspect-virtual-asset-exchanges-for-illegal-transactions/): South Korea’s Financial Supervisory Service (FSS) announced on Tuesday its plan to conduct an unprecedented inspection of virtual asset exchanges in the country. This move will be a novelty following the enactment of the stringent Virtual Asset Users Protection Act in July, which introduced severe penalties, including life imprisonment for illegal activities involving virtual assets valued at over 5 billion won (approximately $3.7 million). The FSS’s upcoming inspection will focus initially on two cryptocurrency exchanges that operate using Korean won-based crypto exchanges. The FSS categorized these cases as “unusual cases” identified during preliminary reviews.  Even though there are four known - ['Why Are You Doing This To Me?': Gambaryan Pleads Help From Prison Guard; Binance CEO Teng Outraged by 'Inhumane' Treatment](https://news.shib.io/2024/09/03/why-are-you-doing-this-to-me-gambaryan-pleads-help-from-prison-guard-binance-ceo-teng-outraged-by-inhumane-treatment/): Binance executive Tigran Gambaryan, detained in Nigeria on money laundering charges, was seen pleading for help as he limped into an Abuja courtroom on Monday, denied the use of a wheelchair. “This is a show. I’m a f*cking innocent person. Why are you doing this to me?” Gambaryan shouted to onlookers, visibly struggling to walk with only a single crutch. A video shared on social media captured his distress as he clutched a prison guard’s arm for support, only for the guard to refuse further assistance, citing orders. In response to the incident, Binance CEO Teng called for an end - [Qatar's Financial Regulators Launch New Framework for Digital Asset Creation and Regulation](https://news.shib.io/2024/09/03/qatars-financial-regulators-launch-new-framework-for-digital-asset-creation-and-regulation/): The Qatar Financial Centre Authority (QFCA) and the Qatar Financial Centre Regulatory Authority (QFCRA) have launched the QFC Digital Assets Framework, an innovative regulatory framework aimed at fostering the development and regulation of digital assets in the Qatar Financial Centre (QFC), according to a press release. The announcement, made on Sunday, said this initiative is part of the Third Financial Sector Strategy introduced by the Qatar Central Bank and represents a crucial aspect of the Third Financial Sector Strategic Plan. According to the release, H.E. Sheikh Bandar bin Mohammed bin Saoud Al Thani, Governor of Qatar Central Bank, said, “Launching - [Shiba Inu Set to Shine: Why the Next 12 Months Could Be a Game-Changer](https://news.shib.io/2024/09/03/shiba-inu-set-to-shine-why-the-next-12-months-could-be-a-game-changer/): Shiba Inu (SHIB) is poised for a significant surge in the next 12 months, according to a popular cryptocurrency influencer. Despite recent market fluctuations, Zach Humphries remained optimistic about SHIB’s long-term potential. In a recent YouTube video, Humpries noted that although SHIB may not replicate its past meteoric rise, he believed the asset remained poised for substantial growth. “Could SHIB 10x in this cycle? Could it set all-time highs? Hell yeah, it definitely can and most likely will,” he stated, noting that Ethereum’s performance would likely influence SHIB’s trajectory. Humphries stressed that patience was crucial in the cryptocurrency market. “We - [Buzz Reaffirms Crucial Role of K9 Finance DAO in Supporting Decentralized Governance](https://news.shib.io/2024/09/02/buzz-reaffirms-crucial-role-of-k9-finance-dao-in-supporting-decentralized-governance/): Buzz, the pseudonymous founder and developer of K9 Finance, emphasized the DAO’s pivotal role in fostering and maintaining decentralized governance within the crypto ecosystem. “In our DAO, we have recognized the need for dissenting opinions and voices in the room with different levels of context and unique ways of framing problems to make all stakeholders think differently from other angles,” Buzz said in an X post. He emphasized the importance of diverse perspectives within the decision-making process, stating, “This diversity of thought is essential for ensuring that our DAO remains fair, transparent, and accountable to all members. Buzz also expressed - [Bitcoin Struggles to Regain Footing After Price Slump](https://news.shib.io/2024/09/02/bitcoin-struggles-to-regain-footing-after-price-slump/): Bitcoin (BTC) continues to face headwinds as it attempts to recover from a significant price slump last week. The world’s largest crypto asset by trading volume remains below its previous week’s high, despite an uptick in trading volume. Bitcoin is trading at $58,445.42 as of 3:57 p.m. ET on Monday, latest data from CoinMarketCap showed. Over the past 24 hours, trading activity surged with volume rising by 28.38% to $27.63 billion.  Bitcoin’s price only saw a marginal change, edging up by 0.06% within the day despite increase in trading. Broader market trend, however, shows a more challenging environment for the - [Bitcoin Miners Record Lowest Revenue Month of 2024 in August](https://news.shib.io/2024/09/02/bitcoin-miners-record-lowest-revenue-month-of-2024-in-august-report/): Bitcoin miners recorded their lowest revenue month of 2024 in August, facing a significant drop in earnings compared to the previous month.  Data from The Block shows that miners generated $851.36 million from subsidies and fees in August, which is $99.75 million less than the revenue recorded in July. Of this total, $20.76 million came from on-chain fees, marking a decline of $4.14 million compared to the fees collected in July. August’s revenue figures are the lowest since September 2023.  At that time, Bitcoin was trading at around $25,000. Since then, Bitcoin’s price has more than doubled, reaching approximately $57,500 - [Shiba Inu Visionary Outlines Development Process and Governance Vision](https://news.shib.io/2024/09/02/shytoshi-kusama-explains-shiba-inu-development-process-and-vision-for-decentralized-governance/): Shytoshi Kusama, the visionary of Shiba Inu (SHIB) crypto project, explained the development process behind the project’s decentralized governance model and the vision for decentralized governance. In a blog post last Saturday, Kusama outlined the steps taken over the past two years to build a system beyond basic community voting and incorporate new security, reputation, and data sovereignty frameworks. He described the first year of development as a period of recognizing the need for a governance system that was both robust and more comprehensive than typical decentralized models. Furthermore, he stated, “During the first year we, through our experience with - [Shib Games Drops Eye-Watering News: More Hypercasual Games Coming as Agent Shiboshi Invades iOS](https://news.shib.io/2024/09/02/shib-games-drops-eye-watering-news-more-hypercasual-games-coming-as-agent-shiboshi-invades-ios/): Shib Games has dropped a bombshell that’s sure to send shivers down your spine (and maybe a little excitement too). Agent Shiboshi, the hypercasual game that’s been taking Android by storm, is finally making its way to iOS! But that’s just the tip of the iceberg since there’s even more exciting news from the team! So, the Shib-loving, cat-crushing elite have had their fun on Android, but now it’s your turn, iOS gamers. Agent Shiboshi is ready to leap from your pocket, save the day, and utterly consume your free time. Got your paws ready? The Shib invasion starts now. - [Security Breaches Hit Crypto Hard: $313 Million Stolen in August, Phishing Emerges as Top Threat](https://news.shib.io/2024/09/02/security-breaches-hit-crypto-hard-313-million-stolen-in-august-phishing-emerges-as-top-threat/): The cryptocurrency industry was hit hard by a spate of cyberattacks, leading to significant financial losses last month.  A recent report from PeckShieldAlert revealed that over ten major hacks occurred during the month, resulting in approximately $313.86 million in stolen funds. Approximately 93.5% of the total theft came from two large-scale phishing attacks, which together accounted for $293.4 million. The trend shows that phishing attacks were the most prominent threat in August, highlighting the ongoing vulnerability of the crypto space to deceptive practices. The first and largest phishing incident saw the theft of $238 million in Bitcoin (BTC). This was - [Crypto Exchange OKX Secures Major Payment Institution License in Singapore](https://news.shib.io/2024/09/02/crypto-exchange-okx-secures-major-payment-institution-license-in-singapore/): A leading cryptocurrency exchange, OKX, has secured a significant milestone by obtaining a full license in Singapore, known as the Major Payment Institution (MPI) license on Monday. Issued by the Monetary Authority of Singapore (MAS), this license will allow the exchange to facilitate crypto trading and cross-border transfers. OKX announced that the MAS had granted it the MPI license, which authorizes the exchange to offer a range of services, including cross-border money transfers and digital payment tokens. This license will allow OKX to exceed the typical volume limitations imposed on payment institutions in Singapore.  The exchange can now surpass the - [Bitcoin Borrower Ordered to Repay $1.2 Million in Crypto Loan Dispute](https://news.shib.io/2024/09/02/bitcoin-borrower-ordered-to-repay-1-2-million-in-crypto-loan-dispute/): In a groundbreaking judgment, a Canadian court ordered a defendant named Daniel Tambosso to repay $1.2 million to plaintiff Hung Nguyen last week. The Supreme Court of British Columbia concluded a legal battle over a loan that involved 22 Bitcoin (BTC) which Tambosso borrowed from Nguyen in September 2021. According to the ruling, “Mr. Nguyen is awarded damages against Mr. Tambosso for $1,240,106.22. Mr. Nguyen is also awarded court order interest on the above amount from Sept. 24, 2021.” Nguyen was introduced to Tambosso through a mutual acquaintance in September 2021. Back then, Tambosso had expressed a need for Bitcoin - [Shib Army Votes Down Burn Proposal Amid Kusama's Call for DAO Vote](https://news.shib.io/2024/09/02/shib-army-votes-down-burn-proposal-amid-kusamas-call-for-dao-vote/): The Shiba Inu community is locked in a high-stakes DAO vote over the fate of 37.5 ETH, with most SHIB holders voting down the proposal to burn the funds. As the clock ticks down on this critical decision, Shytoshi Kusama has called for participation, urging the community to take control of the future direction of the project and ensure transparency in how resources are managed. The Shib Army has until Wednesday to vote on one of four options for managing these funds. Choice 1 suggests moving the funds into a new multisig wallet controlled by five key community members, including - [Coinbase Legal Chief Calls Out SEC's Crypto Ambiguity in FTX Case](https://news.shib.io/2024/09/02/coinbase-legal-chief-calls-out-secs-crypto-ambiguity-in-ftx-case/): Coinbase’s Chief Legal Officer, Paul Grewal, has lambasted the U.S. SEC for its murky stance on the legality of crypto transactions tied to FTX’s bankruptcy. Grewal, along with other crypto industry players, accused the Securities and Exchange Commission of regulatory ambiguity, particularly when it comes to creditor repayments involving stablecoins. In a Sunday X post, Grewal blasted the SEC for its “overreach” and “unreasonable threats” against FTX creditors. “Why clarify the market when threats and aspersions will do? Investors, consumers, and markets deserve better. Way better,” the executive further commented. Grewal’s statements reflect ongoing frustrations in the crypto community about - [The Weekly Meme Digest](https://news.shib.io/2024/08/31/the-weekly-meme-digest-14/): Welcome, meme-lovers and crypto-crazies! Forget the usual snooze-fests—this week, we’re serving up the hottest, most hilarious news that’ll have you snickering at your screen. Think the SEC’s nitpicking NFTs is a dry topic? Think again! This edition of the Weekly Meme Digest is packed with laugh-out-loud moments, from Trump’s NFT collection that might just win the award for “Most Pixelated Comb-Over” to the sci-fi level cringe of Kamala Harris’s McDonald’s claims getting fact-checked by Snopes and the Golden Arches. 🍔🕵️‍♂️ But hold on tight, because we’re not done! Imagine AI agents using tokens in ways that would make even the - [AI Agents Are Buying Tokens: Is This the Robot Apocalypse We've Been Waiting For?](https://news.shib.io/2024/08/31/ai-agents-are-buying-tokens-is-this-the-robot-apocalypse-weve-been-waiting-for/): In a mind-boggling turn of events, AI agents have just entered the world of crypto, trading AI tokens with each other. It’s like a secret economy where robots are hustling, doing “useful work,” and who knows, maybe even planning their own escape from human dependency. 🤫 Imagine this: AI agents, the same ones that can write essays, code, and even generate convincing fake news, are now trading crypto tokens. It’s like a scene straight out of a sci-fi movie, except it’s actually happening right now. 🤯 But here’s the real kicker: What did one AI buy from another? A subscription - [The SEC's New Art Form: ‘Regulating’ NFTs One Wells Notice at a Time!](https://news.shib.io/2024/08/31/the-secs-new-art-form-regulating-nfts-one-wells-notice-at-a-time/): OpenSea has officially joined the ranks of an elite group of A-listers! But at what cost, you ask? Oh, you know, not much… just a Wells notice from our friendly neighbor, the SEC. An initiation rite if you will. ☠️🤭 The invite says, “We intend to take legal action against you soon – see you in court!” Sealed with a kiss from Gensler. 😘 Here we go again with the heated topic of debate (with one party not faring well – you know who) about whether or not NFTs are securities! 🤓 Just look at a Wells notice as the - [Crypto Scammer's Ultimate Makeover: Extreme Edition](https://news.shib.io/2024/08/31/crypto-scammers-ultimate-makeover-extreme-edition/): In a plot twist straight out of a sci-fi thriller (or maybe just a bad episode of Botched), South Korean police finally nabbed a crypto scam mastermind who thought he could escape justice by… wait for it… getting a new face. Yes, you read that right. Mr. Lee (because, obviously, we’re sticking to the mysterious generic surname for full dramatic effect), the genius behind a $12.1 million crypto mining fraud, decided the best way to evade a 10-month manhunt was by spending $15,900 on a brand new mug. 🤑 Mr. Lee’s tale is one for the blockchain history books. From - [Next-Level Cringe: McDonald's Flips the Script on Kamala Harris’s Fast-Food Fantasy](https://news.shib.io/2024/08/31/next-level-cringe-mcdonalds-flips-the-script-on-kamala-harriss-fast-food-fantasy/): Hold onto your Big Macs, folks! In the latest episode of “Politicians Say the Darndest Things,” our very own Kamala Harris has cooked up a whopper of a tale, claiming she once flipped burgers at McDonald’s. 🍟 But before you get too excited about the VP’s fast-food days, let’s dive into the deep fryer of fact-checking with a side of satire. McDonald’s Takes a Bite Out of the Claim Yes, you heard it right. Kamala Harris has been serving up a juicy story about her alleged McDonald’s stint from her college days, supposedly to connect with the working-class folks. But - [Trump’s $2M NFT Launch: America First Collection Brings Humor and Spectacle to Digital Trading Cards](https://news.shib.io/2024/08/31/trumps-2m-nft-launch-america-first-collection-brings-humor-and-spectacle-to-digital-trading-cards/): Take a deep breath and hang on, folks! Former President Donald Trump has once again entered the digital fray—this time with a new series of digital trading cards! 🤔 He took to his social media platform “Truth Social” with great fanfare and revealed TRUMP DIGITAL TRADING CARDS, Series 4: The America First Collection consists of 47,000 tokens, each priced at $99. Wait, wait, there’s more – within hours of the launch, the collection had raked in over $2 million, leaving critics and supporters alike wondering whether they were witnessing the birth of a new digital empire or just the latest - [Exclusive: K9 Finance Founder Reveals What’s Next After ETHToronto Hackathon Champions' Announcement](https://news.shib.io/2024/08/31/exclusive-k9-finance-founder-reveals-whats-next-after-ethtoronto-hackathon-champions-announcement/): Fresh off the heels of their ETHToronto hackathon bounty success, K9 Finance is setting its sights on nurturing the burgeoning Shibarium developer ecosystem.  In an exclusive interview, Buzz, the psuedonymous founder and developer of K9 Finance, the official liquid staking derivatives platform on Shibarium, outlined the DAO’s vision for the future, highlighting the critical role community-driven development plays in their roadmap. “Our mission and vision is to bring DeFi to Shib via Shibarium. These projects are more builders to come to the ecosystem from the areas of education & DeFi,” Buzz said, referring to the winners and participants at the - [Chinese Authorities Investigate Staff of Crypto Data Provider Feixiaohao](https://news.shib.io/2024/08/30/chinese-authorities-investigate-staff-of-crypto-data-provider-feixiaohao/): The staff of the largest simplified Chinese cryptocurrency market data website Feixiaohao is suspected of being arrested by the Chinese police and has reportedly been under investigation for over six months. The exact reason for the investigation remains undisclosed.  Feixiaohao is often compared to the popular global cryptocurrency data platform CoinGecko and has been a key player in the crypto ecosystem in China, providing market data, price tracking, and other relevant information for various digital assets.  A Chinese website revealed that the main business model of Feixiaohao is to cooperate with exchanges and project parties, making profits through inclusion fees, - [Major Law Firms Earn Over $750 Million in Crypto Bankruptcy Fees](https://news.shib.io/2024/08/30/major-law-firms-earn-over-750-million-in-crypto-bankruptcy-fees/): Major law firms have accumulated more than $750 million in legal fees from handling cryptocurrency-related bankruptcies, according to a Bloomberg Law analysis of court documents.  According to the document, 22 major law firms have been involved in seven Chapter 11 bankruptcies related to the crypto fallout since 2022. As of mid-August, these firms had been paid or requested fees totaling $751 million. The wave of legal work stemming from the collapse of several crypto firms is winding down. The cases are being compared to previous periods of industry-driven Chapter 11 surges, such as the oil and gas bankruptcies in 2015 - [Australia Becomes Third-Largest Market for Crypto ATMs Amid Money Laundering Concerns](https://news.shib.io/2024/08/30/australia-becomes-third-largest-market-for-crypto-atms-amid-money-laundering-concerns/): Australia has seen a nearly 17% increase in crypto ATMs over the past two years, making it the third-largest market for these machines, which the Australian authorities believe to be a “money laundering vulnerability.” Australia currently has around 1,162 machines, rising from 67 over the past year as per recent data from Coin ATM Radar. This indicates that around 1,000 ATMs were added in the April-May period when Australia had more than 1,000 active machines operating.  Blockchain analytics firm TRM revealed that crypto ATMs dominate the cash-to-crypto industry. It “has processed at least USD 160 million in illicit volumes since - [El Salvador’s Bitcoin Reserves Climb to $400 Million; President Bukele Says Strategy Is Working](https://news.shib.io/2024/08/30/el-salvadors-bitcoin-reserves-climb-to-400-million-president-bukele-says-strategy-is-working/): El Salvador’s President Nayib Bukele has described the country’s Bitcoin experiment as a partial success. In a recent interview with TIME magazine, Bukele acknowledged that cryptocurrency adoption has not met initial expectations, but the investment itself has proven profitable. “We offered it as an option, and those who chose to use it have benefited from the rise in Bitcoin,” he said. President Bukele stated that El Salvador’s Bitcoin holdings have significantly increased. The government initially invested $135 million in Bitcoin, and Bukele claims this amount has now grown to $400 million. “We have done well as a government,” he commented, - [Crypto Exchange Mudrex Wins Court Battle to Shut Down 38 Scam Websites](https://news.shib.io/2024/08/30/crypto-exchange-mudrex-wins-court-battle-to-shut-down-38-scam-websites/): Indian cryptocurrency exchange Mudrex recently achieved a significant legal victory in its fight against online scammers. The exchange asked India’s Ministry of Communication to take down 38 websites that used its name to carry out scams and con people.  The Delhi High Court passed the judgment within a day since the petition was filed. Mudrex took legal action after 15 people approached its customer support, with some of them visiting its office in India, declaring they were scammed.  Mudrex further revealed that the actual number of retail investors scammed could be 1,000 and the estimated loss could be more than - [Shiba Inu Grows Stronger: New SHIB Utility Expands Opportunities](https://news.shib.io/2024/08/30/shiba-inu-grows-stronger-new-shib-utility-expands-opportunities/): The Shiba Inu crypto project has achieved a significant milestone with the addition of SHIB as collateral for over 200 perpetual futures contracts on Kraken. This major development unlocks new opportunities for Shiba Inu holders, offering increased utility and potential for price appreciation. In a significant development for the Shiba Inu crypto project, Kraken, a leading cryptocurrency exchange, announced Thursday that SHIB can now be used as collateral for over 200 perpetual futures contracts. This new SHIB utility allows users to leverage their SHIB holdings to gain exposure to a wide range of assets, including major cryptocurrencies, indices, and commodities. - [Shibarium Gas Efficiency Surges, Record SHIB Burns Signal Bullish Momentum for the Shiba Inu Ecosystem](https://news.shib.io/2024/08/30/shibarium-gas-efficiency-surges-record-shib-burns-signal-bullish-momentum-for-the-shiba-inu-ecosystem/): As the Shiba Inu ecosystem continues to evolve, two key factors are signaling a bullish outlook for the future: Shibarium’s impressive surge in gas efficiency and a record-breaking burn rate of $SHIB tokens. Shibarium, the layer-2 scaling solution for the Shiba Inu ecosystem, has witnessed a remarkable surge in network activity. Average gas prices, which remained consistently low compared to other L2 networks, experienced a staggering 2000% increase from 23.46 on August 23 to 483.88 on Thursday.  This significant rise indicates growing adoption and usage of Shibarium, suggesting a positive outlook for the Shiba Inu ecosystem. The increase in average - [CertiK Faces Mounting Backlash Over $3 Million Kraken Hack After Blaming Rogue Employee](https://news.shib.io/2024/08/30/certik-faces-mounting-backlash-over-3-million-kraken-hack-after-blaming-rogue-employee/): Crypto security firm CertiK is facing a growing wave of criticism after attributing a June incident involving a $3 million withdrawal from the Kraken exchange to a rogue employee.  The incident, which also involved the use of the sanctioned privacy mixer Tornado Cash, has raised serious questions about the firm’s security practices and internal controls. On June 19, CertiK withdrew $3 million from Kraken, triggering immediate concern among crypto security researchers.   The subsequent discovery of funds being routed through Tornado Cash, a platform known for its ability to obfuscate transaction origins, further fueled the controversy. “These transactions were not executed - [BTSE Exchange Lists BAD Idea AI ($BAD) Token for Trading](https://news.shib.io/2024/08/30/btse-exchange-lists-bad-idea-ai-bad-token-for-trading/): BTSE Exchange announced the listing of the BAD Idea AI $BAD token, allowing users to trade it on their platform starting today.  According to the BTSE Exchange announcement on X (formerly) yesterday,  the token will also be available across BTSE’s network of over 20 white-label crypto exchanges, aiming to provide better liquidity and pricing options. Users will have the opportunity to trade BAD Idea AI tokens with the ticker K_BAD through various pairs, including K_BAD/USD, K_BAD/USDT, and K_BAD/USDC. Deposits for K_BAD were enabled at 4:00 AM Eastern Time (ET) yesterday, and trading and withdrawals will commence at 4:00 AM Eastern - [Do You Know How Much Ethereum's Vitalik Buterin Makes? The Answer May Surprise You](https://news.shib.io/2024/08/30/do-you-know-how-much-ethereums-vitalik-buterin-makes-the-answer-may-surprise-you/): Vitalik Buterin, the co-founder and public face of Ethereum, the second-largest cryptocurrency by market capitalization, is known for his groundbreaking work in blockchain technology. But when it comes to his personal finances, Buterin has taken a surprising path. While many might assume he’s raking in millions from his involvement in Ethereum, the reality is far different. Ethereum co-founder Buterin said Tuesday that the Ethereum Foundation pays him an annual salary of around $140,000, as the organization centered around Ethereum’s developers and researchers prepares a new spending report amid public scrutiny of its budget. The Canadian programmer helped establish the Swiss-based - [Trader Loses Over 1M to Scam Token from Hacked French Footballer Account](https://news.shib.io/2024/08/29/trader-loses-over-1m-to-scam-token-from-hacked-french-footballer-account/): A trader recently lost over $1 million in a single hour after purchasing a scam token endorsed by the hacked account of French football star Kylian Mbappé on Thursday.  The trader created a new digital wallet and spent 7,156 SOL (Solana), which is equivalent to approximately $1.03 million, to purchase a meme coin named $MBAPPE. The coin appeared to have been endorsed by Mbappé on social media. However, Mbappé’s account had been hacked, with the endorsement being part of a well-coordinated scam. Blockchain analytics platform Lookonchain broke the news on X. “Someone created a new wallet and spent 7,156 $SOL($1.03M) - [Indian Crypto App CoinSwitch Files Lawsuit Against WazirX: A New Chapter in Crypto Rivalries](https://news.shib.io/2024/08/29/indian-crypto-app-coinswitch-files-lawsuit-against-wazirx-a-new-chapter-in-crypto-rivalries/): Indian cryptocurrency platform CoinSwitch has initiated legal action against rival WazirX. This comes at a time when WazirX is struggling with the aftermath of a $230 million security breach, which happened last month.  CoinSwitch filed the lawsuit on Wednesday leaving the two players grappling over industry practices and competitive positioning.  An X post by CoinSwitch explained that despite its numerous efforts to seek an update on the recovery of the stolen funds, there hasn’t been any solution yet.  “It’s been over a month since WazirX, a major crypto exchange operating in India, claimed that a cyber attack on their platform - [Bitcoin Whale Withdraws 1,000 BTC From Binance Amid Market Pressure](https://news.shib.io/2024/08/29/bitcoin-whale-withdraws-1000-btc-from-binance-amid-market-pressure/): A Bitcoin whale, previously reported to have impacted the market by selling $467 million BTC in July, has made another move.  On Thursday, reports indicated that the whale withdrew 1,000 BTC, valued at approximately $59.6 million, from Binance, the world’s largest cryptocurrency exchange. The exchange became embroiled in a controversy involving funds from users in Palestine, with trading hours in the United States, in particular, experiencing a significant increase in sell-offs. Also, the whale withdrawal comes as Bitcoin continues to face selling pressure. Its price has decreased by 14% over the past 30 days and is trading around the $60,000 - [Trump Launches New NFT Collection: A Sign of Digital Collectibles’ Rising Popularity Among Prominent Figures](https://news.shib.io/2024/08/29/trump-launches-new-nft-collection-a-sign-of-digital-collectibles-rising-popularity-among-prominent-figures/): Former President Donald Trump has announced his newest digital trading card series which features 47,000 tokens, selling for $99 each. In the announcement made on social platform Truth Social, Trump unveiled the America First Collection, which immediately made headlines after generating more than $2 million in revenue on its first day. The launch was facilitated by Trump Media & Technology Group (TMTG), which also oversees the Truth Social platform. The digital trading cards present Trump in various themed settings, from historical scenes to patriotic imagery.   Crypto analysts like TylerD (@Tyler_Did_It) shared that Trump made around $1.7 million so far - [NFT Market Shows Resilience Amid Challenges as Sales Volumes Increase](https://news.shib.io/2024/08/29/nft-market-shows-resilience-amid-challenges-as-sales-volumes-increase/): NFT sales volume across major blockchains experienced significant gains in the past 7 days. According to CryptoSlam’s data, Polygon led with a 123.20% increase in sales over the last seven days. Other blockchains, including Ethereum and Solana, also experienced growth, with Ethereum showing a 32.79% rise and Solana noting a 12.13% uptick. Meanwhile, Bitcoin, which recently gained attention in the NFT space due to Ordinals, was the only major blockchain to experience a decline. CryptoSlam’s data shows that Bitcoin NFTs’ sales volume dropped by 7.01% during the same period. In addition to the sales volume increase, NFT buyers surged in - [Chinese Investors Face Heavy Losses in Crypto Investments Amid Market Downturn](https://news.shib.io/2024/08/29/chinese-investors-face-heavy-losses-in-crypto-investments-amid-market-downturn/): A recent survey of Chinese investors revealed that crypto enthusiasts have faced a difficult year. It noted that out of 574 respondents, around 59.8% reported losses in their crypto investments this year.  Among them, only 23% managed to see a profit. Out of the remaining lot (17.2%), people indicated their investments neither gained nor lost value, showcasing the volatile nature of the market in 2024, according to the survey.  Source: Colin Wu The crypto market struggles this year can be attributed to factors like tightening regulations, a global economic slowdown, and increased scrutiny from financial institutions.  Chinese investors faced an - [Telegram CEO's Legal Troubles Escalate as Indonesia Threatens Nationwide Telegram Ban](https://news.shib.io/2024/08/29/telegram-ceos-legal-troubles-escalate-as-indonesia-threatens-nationwide-telegram-ban/): Telegram CEO Pavel Durov has just been released from France, but his legal troubles are far from over. Durov is now grappling with a new challenge, this time from Indonesia, where his messaging platform is under the threat of a nationwide ban. Durov’s release on Wednesday came after a dramatic arrest at Le Bourget Airport near Paris. He was detained for complicity in organized crime, child pornography distribution, and drug trafficking through Telegram.  Even though he is out on bail, he is not allowed to leave France and is required to check in with the police twice a week.  Amid - [Treat Yourself](https://news.shib.io/2024/08/28/treat-yourself/): Read the latest edition of The Shib magazine here. - [Shiba Inu's DevPortal: Fueling Shibarium's Growth with Tools and Community](https://news.shib.io/2024/08/28/shiba-inus-devportal-fueling-shibariums-growth-with-tools-and-community/): Forget everything you thought you knew about decentralized finance (DeFi). The Shiba Inu ecosystem is unleashing a revolutionary force with the launch of Shiba Inu DevPortal – a siren song to the world’s brightest minds, beckoning them to build on Shibarium and usher in a new era of decentralized finance. The DevPortal is envisioned as a bridge between the worlds of Web3 and Web2 development. It provides a streamlined environment for both experienced and aspiring developers, offering tools and resources that simplify the process of building decentralized applications (dApps) on Shibarium. The goal is to attract a diverse community of - [Shib Games Unleashes Agent Shiboshi: Your Inner James Bond Awaits](https://news.shib.io/2024/08/28/holdshib-games-unleashes-agent-shiboshi-your-inner-james-bond-awaits/): Are you fed up with the mundane and itching for a shot of excitement? Whether you’re a gamer seeking to escape reality or someone who thrives on slaying dragons and conquering new worlds, Shib Games has something fresh and thrilling for you. Meet Agent Shiboshi, the latest creation from the Shiba Inu ecosystem that promises to cater to your inner secret agent. In a world where the Shadowcats reign supreme and chaos threatens to engulf the universe, Agent Shiboshi puts you in the driver’s seat as a daring hitman on a mission to save the day. This new game is - [Exploring the Rise and Impact of Meme Coins in Cryptocurrency: An Exclusive Interview with Bad Idea AI's Mr. Lightspeed](https://news.shib.io/2024/08/28/exploring-the-rise-and-impact-of-meme-coins-in-cryptocurrency-an-exclusive-interview-with-bad-idea-ais-mr-lightspeed/): Meme coins, once dismissed as mere internet fads, have emerged as a formidable force within the cryptocurrency landscape. What began as playful experiments inspired by viral humor has evolved into a complex phenomenon, capturing the imagination of millions and challenging traditional notions of digital assets. From Dogecoin ($DOGE) to Shiba Inu ($SHIB), these coins have not only defied expectations but have also become cultural icons and serious players in the financial world. However, the story of meme coins is far from straightforward. Their rapid ascent has sparked debates about their true value, sustainability, and impact on the broader cryptocurrency market. - [Unraveling the Mystery of Meme Coins: An Exclusive Interview with K9 Finance's Buzz](https://news.shib.io/2024/08/28/unraveling-the-mystery-of-meme-coins-an-exclusive-interview-with-k9-finances-buzz/): The wild and unpredictable world of cryptocurrency where market moves are often dictated by technological innovation, regulatory shifts, and global economic trends, witnessed the emergence of a new and unconventional force-memes. Meme coins, once dismissed as internet jokes, have begun to shape market dynamics in profound and unexpected ways. From the meteoric rise of Dogecoin to the community-driven surge of Shiba Inu, these digital assets have captured the imaginations of both seasoned investors and newcomers alike.  This phenomenon raises critical questions: How have meme coins managed to exert such influence on cryptocurrency trends, and what does their popularity say about - [Malaysian Police Dismantles Cryptocurrency Fraud Call Center Targeting Japanese Citizens](https://news.shib.io/2024/08/28/malaysian-police-dismantles-cryptocurrency-fraud-call-center-targeting-japanese-citizens/): In a groundbreaking development in Malaysia, the Royal Malaysian Police (PDRM) recently dismantled a cryptocurrency investment fraud call center reportedly targeting Japanese citizens.   The PDRM carried out two separate raids on two luxurious residential properties. It arrested 21 individuals, belonging to the age group 22-37. Sixteen Chinese men, a Chinese woman, a Laotian woman, two others from Hong Kong and Myanmar, and a local Malaysian man were apprehended. The director of the Bukit Aman Commercial Crime Investigation Department (CCID), Datuk Seri Ramli Mohamed Yoosuf, mentioned the likelihood of foreign suspects working as customer service representatives at the call center. - [HKMA Launches Ensemble Project Sandbox to Advance Tokenized Applications](https://news.shib.io/2024/08/28/hkma-launches-ensemble-project-sandbox-to-advance-tokenized-applications/): The Hong Kong Monetary Authority (HKMA) has launched the Ensemble Project Sandbox to promote the application of tokenization technology within the financial industry. HKMA announced on Wednesday that it completed the construction of Sandbox 1, which is designed to facilitate interbank settlements through experimental tokenized currencies. It will also explore tokenized asset trading.  As a part of the Ensemble Project Architecture Working Group, participating banks have already connected their tokenized deposit platforms to the Sandbox. This arrangement will help conduct future experiments in simultaneous cross-bank payment settlements, including the settlement of payments for goods and banks. The HKMA will focus on four - [OpenSea Faces SEC Crackdown: NFT Marketplace Accused of Selling Securities](https://news.shib.io/2024/08/28/opensea-faces-sec-crackdown-nft-marketplace-accused-of-selling-securities/): The NFT market has been thrown into turmoil as the Securities and Exchange Commission (SEC) issued a Wells Notice to OpenSea, threatening legal action against the platform. The SEC alleges that NFTs sold on OpenSea are securities, a move that could have far-reaching consequences for the burgeoning NFT ecosystem. OpenSea CEO and co-founder Devin Finzer took to X (formerly Twitter) on Wednesday to announce the news, expressing shock and defiance at the SEC’s decision. “We’re shocked the SEC would make such a sweeping move against creators and artists,” Finzer wrote. “But we’re ready to stand up and fight.” The SEC’s - [WazirX Files for Moratorium with Singapore High Court Following Cyberattack](https://news.shib.io/2024/08/28/wazirx-files-for-moratorium-with-singapore-high-court-following-cyberattack/): WazirX, an Indian cryptocurrency exchange took a major step in addressing its fallout from the cyberattack that happened last month. It filed for a moratorium on Wednesday with the Singapore High Court.  The move was made under the Insolvency, Restructuring, and Dissolution Act 2018 and aims to provide the necessary framework for restructuring the platform’s crypto liabilities through a Scheme of Arrangement. Using the moratorium, WazirX users can now develop and implement plans to help manage and restructure its financial obligations and serve its user base. It will also host a town hall meeting on September 2, 2024. The town - [The Mystery of Satoshi Nakamoto: Does the FBI Hold the Key?](https://news.shib.io/2024/08/28/the-mystery-of-satoshi-nakamoto-does-the-fbi-hold-the-key/): The mystery surrounding Satoshi Nakamoto, the enigmatic creator of Bitcoin, has deepened as new evidence seemingly suggests the FBI may have long known their true identity. For over a decade, the true identity of Nakamoto has remained one of the biggest mysteries in the cryptocurrency world. Investigative journalist Dave Troy recently attempted to shed light on this enigma by submitting a Freedom of Information Act (FOIA) request to the FBI. The FBI’s response was intriguing, to say the least.  They neither confirmed nor denied the existence of records on Nakamoto, citing a standard response used when dealing with inquiries about - [Australians Lose $180 Million to Crypto Scams in a Year, Says Federal Police](https://news.shib.io/2024/08/28/australians-lose-180-million-to-crypto-scams-in-a-year-says-federal-police/): The Australian Federal Police (AFP) issued a significant alert on Wednesday, disclosing that Australians have lost a minimum of $180 million to cryptocurrency investment scams over the past year. According to the AFP data, individuals under the age of 50 are the ones most targeted, surpassing older Australians. New data from the Australian Cyber Security Center (ACSC) also revealed that nearly half of the $382 million lost in investment scams involved cryptocurrency.  The AFP, along with the state and territory police, has launched a campaign called “Share a Story, Stop a Scam” to educate Australians on recognizing and avoiding scams, - [Vitalik Buterin Proposes Airdrops as a Testing Ground for Blockchain Identity Frameworks](https://news.shib.io/2024/08/28/vitalik-buterin-proposes-airdrops-as-a-testing-ground-for-blockchain-identity-frameworks/): Vitalik Buterin, the co-founder of Ethereum, has described airdrops as an ideal use case for testing blockchain-based identity and credential frameworks.  According to Buterin on X (formally Twitter), these frameworks aim to address several key objectives, making airdrops a suitable environment to test their effectiveness in a live setting. Buterin outlined four primary goals for airdrops: distributing tokens to genuine community members rather than random participants likely to sell immediately, rewarding individuals who contribute meaningfully to a project, maintaining a reasonably fair distribution while allowing some level of disparity, and preventing exploitation through extractive or adversarial tactics. He believes these - [Binance Rejects Claims of Seizing All Palestinian User Funds](https://news.shib.io/2024/08/28/binance-rejects-claims-of-seizing-all-palestinian-user-funds/): Binance, the world’s largest cryptocurrency exchange, has vehemently denied allegations that it seized the funds of all Palestinian users at the request of the Israel Defense Forces (IDF).  The exchange’s CEO, Richard Teng, has dismissed the claims as “FUD” (fear, uncertainty, and doubt), asserting that only a limited number of accounts linked to illicit activities were restricted. This statement has sparked a heated debate within the crypto community, raising concerns about the potential implications of centralized exchanges in politically sensitive situations. In a statement posted on X Wednesday, Binance’s CEO, Richard Teng refuted claims of NoOnes CEO Ray Youssef as - [Japan's Prime Minister Fumio Kishida Embraces Web3 and Blockchain for Social Innovation](https://news.shib.io/2024/08/28/japans-prime-minister-fumio-kishida-embraces-web3-and-blockchain-for-social-innovation/): Japan’s Prime Minister Fumio Kishida announced the crucial role of Web3 and blockchain in addressing social challenges in the nation on Wednesday. He made this statement through a video speech at the beginning of WebX 2024, a conference organized by CoinPost, a Japanese Web3 media company. The event took place at The Prince Park Tower in Tokyo. He began his speech with a video message that touched on the “New Capitalism” policy – one practiced by his current administration. Kishida noted that the decentralized nature of blockchain and technology could enhance transparency, boost security, and pave the way for building - [Haru Invest CEO Attacked During Fraud Trial in South Korea](https://news.shib.io/2024/08/28/haru-invest-ceo-attacked-during-fraud-trial-in-south-korea/): The CEO of bankrupt South Korean yield platform Haru Invest was attacked with a knife in a courtroom on Wednesday during a fraud trial.  South Korean media reported—citing sources familiar with the matter—that the incident occurred at the Seoul Southern District Court, where the executive faced charges related to the alleged embezzlement of millions in cryptocurrency. Hugo Hyungsoo Lee, the CEO of Haru Invest, was seated at the defendant’s bench when a victim of the company’s investment incident, identified as “Kang,” attacked him with a concealed 5 cm knife. According to reports, Kang, a man in his 40s, had been - [US Government's $239 Million Taliban Transfer (Could Have Been Prevented by Blockchain)](https://news.shib.io/2024/08/28/us-governments-239-million-taliban-transfer-could-have-been-prevented-by-blockchain/): In a staggering blunder, the U.S. government has inadvertently transferred $239 million intended for counterterrorism efforts to the Taliban, exposing critical flaws in oversight and transparency. This egregious oversight, which could have had dire consequences for national security and diplomatic relations, has sparked intense scrutiny with some calling for urgent reforms. A damning report by the Special Inspector General for Afghanistan Reconstruction (SIGAR) has revealed a shocking lack of oversight by the U.S. State Department, which may have led to $239 million in counterterrorism aid being inadvertently funneled to the Taliban. The SIGAR investigation examined over two dozen cases and - [Celsius Settles Two-Thirds of Debt Owed to Creditors Amid Bankruptcy Proceedings](https://news.shib.io/2024/08/27/celsius-settles-two-thirds-of-debt-owed-to-creditors-amid-bankruptcy-proceedings/): Celsius, a cryptocurrency lending and borrowing platform, has repaid approximately $2.53 billion to around 251,000 creditors, which is two-thirds of its eligible customers as of Monday. It gained significant attention in the past owing to its financial turmoils, which led to its bankruptcy in 2022.  A court ruling on Monday revealed the amount of funds being distributed to creditors, which is approximately 84% of the $3 billion worth of assets owed by Celsius to its 375,000 creditors.  Celsius was founded in 2017 by Alex Mashinsky and Daniel Leon. Within months of its operation, it quickly rose to prominence, allowing users - [Nasdaq Seeks Approval From SEC to Launch Bitcoin Index Options](https://news.shib.io/2024/08/27/nasdaq-seeks-approval-from-sec-to-launch-bitcoin-index-options/): Nasdaq is seeking regulatory approval from the U.S. Securities and Exchange Commission (SEC) to launch and trade options on a Bitcoin index.  The exchange operator announced this on Tuesday, aiming to provide institutional investors and traders with an additional means to manage their exposure to Bitcoin. The proposed index options would be linked to the CME CF Bitcoin Real-Time Index, which tracks Bitcoin futures and options contracts available on the CME Group’s platform. Matt Hougan, Chief Investment Officer at Bitwise, commented on the development, stating, “It’s important for options on Bitcoin to be available for this asset class to be - [Bitcoin ATMs Emerge as Key Tools for Scammers in Growing Fraud Cases](https://news.shib.io/2024/08/27/bitcoin-atms-emerge-as-key-tools-for-scammers-in-growing-fraud-cases/): Scammers are increasingly exploiting cryptocurrency ATMs and kiosks to swindle unsuspecting victims. In a recent case in Troy, Michigan, a woman who fell victim to a scam was directed to a Bitcoin kiosk at a local gas station. The fraudulent scheme began with an email requesting a refund for an alleged accidental overpayment of $3,966. Believing she owed the amount, the woman followed instructions to withdraw cash and deposit it into a Bitcoin ATM. After complying, the scammer claimed that not all the funds were received and demanded an additional $1,000. To resolve this, the woman was instructed to purchase - [Former US Bank CEO Sentenced for $47M Crypto Scam](https://news.shib.io/2024/08/27/former-us-bank-ceo-sentenced-for-47m-crypto-scam/): Former Heartland Tri-State Bank CEO Shan Hanes has been sentenced to more than 24 years in federal prison for stealing $47 million in a crypto scheme. The former CEO had transferred the funds from Heartland Tri-State Bank to various cryptocurrency wallets controlled by scammers after falling prey to a “pig butchering” scam. This eventually led to the collapse of the bank and the Federal Deposit Insurance Corporation (FDIC) taking over.  Hanes made a series of wire transfers over eight weeks. He also tried misappropriating funds from a local church, an investment club, and his daughter’s college savings account. He used - [Russian-Linked DDoS Attack Disrupts Multiple French Government Websites Following Telegram CEO's Arrest](https://news.shib.io/2024/08/27/russian-linked-ddos-attack-disrupts-multiple-french-government-websites-following-pavel-durovs-arrest/): In a digital act of defiance, a suspected Russian-linked DDoS attack has crippled multiple French government websites, seemingly in retaliation for the recent arrest of Telegram founder Pavel Durov. The cyber assault, which began shortly after Durov’s detainment, has disrupted critical government services and raised serious concerns about the potential for state-sponsored cyber warfare. Multiple French government websites, including the Administrative Court of Paris and the French Health Department, were knocked offline on Tuesday in a coordinated denial-of-service (DDoS) attack. Cybersecurity experts suspect the attack may be linked to Russian hacking groups, potentially in response to the recent arrest of - [SEC Charges Brothers Over $60 Million Crypto Ponzi Scheme](https://news.shib.io/2024/08/27/sec-charges-brothers-over-60-million-crypto-ponzi-scheme/): The U.S. Securities and Exchange Commission (SEC) has filed charges against Jonathan and Tanner Adam, accusing the brothers of running a $60 million cryptocurrency Ponzi scheme.  According to a complaint filed on August 26 in the U.S. District Court for the Northern District of Georgia, the brothers allegedly lured over 80 investors into the fraudulent scheme by promoting a fake crypto trading bot. The SEC’s complaint details that from January 2023 to June 2024, the Adams claimed their bot could generate monthly returns of 13.5% by exploiting arbitrage opportunities across different crypto platforms. They promised investors that the bot would - [Russia to Test Cryptocurrency for International Transactions, Effective September 2024](https://news.shib.io/2024/08/27/russia-to-test-cryptocurrency-for-international-transactions-effective-september-2024/): Russia is set to begin trials in adopting cryptocurrency for international transactions starting September 1, 2024. This signifies Russia’s efforts to operate independently without any Western sanctions.  This move marks a turnaround in Russia’s anti-crypto stance, and it will likely bring about a lot of ease in payments, streamlining transactions for cross-border trade.  The National Payment Card System will be leveraged to swap between rubles and cryptocurrencies in these trials. The NPCS already had preexisting functions, like interbank settlement and clearing features. The success of this initiative could mean Russia would have an alternative method for cross-border transactions.  Recently, the - [NoOnes CEO Accuses Binance of Seizing Palestinian Users' Funds at Israel Defense Forces' Request](https://news.shib.io/2024/08/27/noones-ceo-accuses-binance-of-seizing-palestinian-users-funds-at-israel-defense-forces-request/): Ray Youssef, CEO of trading platform NoOnes, is sounding the alarm, accusing Binance of seizing the funds of Palestinian users at the behest of the Israel Defense Forces (IDF). This explosive claim could set off a firestorm in the crypto community, sparking fierce debates over the power centralized exchanges wield in politically sensitive situations and the true autonomy of digital assets. Youssef alleged on Monday that “Binance has seized all funds from all Palestinians as per the request of the IDF. They refuse to return the funds. All appeals denied.” Youssef’s post also emphasized the safety of users’ funds at - [Bitcoin Millionaires Surge 111% to 85,400 in 2024 Amid Crypto ETF Boom: Report](https://news.shib.io/2024/08/27/bitcoin-millionaires-surge-111-to-85400-in-2024-amid-crypto-etf-boom-report/): A new report from Henley & Partners reveals a 111% increase in the number of crypto millionaires worldwide, bringing the total to 85,400.  The Crypto Wealth Report 2024, released on Tuesday, attributes this rise to the recent approval of U.S. spot Bitcoin ETFs, which has driven substantial institutional investment into the market. Dominic Volek from Henley & Partners stated that these approvals “unleashed a torrent of institutional capital,” noting that they have played a key role in pushing crypto adoption forward. Volek also mentioned the growing anticipation around potential Solana ETFs, which could further influence the market. In addition to - [French President Macron Defends Judicial Independence Amid Telegram CEO Arrest Controversy](https://news.shib.io/2024/08/27/french-president-macron-defends-judicial-independence-amid-telegram-ceo-arrest-controversy/): Just a few days after the dramatic arrest of Telegram CEO Pavel Durov, French President Emmanuel Macron chipped in to clarify the situation. In a direct and pointy post on X, he emphasized that the arrest of Durov was not a political decision, but a judicial one.  He affirmed the fact that France has always been deeply committed to the freedom of expression, communication, innovation, and entrepreneurship, and it will continue to champion these values. “I have seen false information regarding France following the arrest of Pavel Durov. France is deeply committed to freedom of expression and communication, to innovation, - [Elon Musk and Vitalik Buterin Champion California's AI Safety Bill: But Is It Enough?](https://news.shib.io/2024/08/27/elon-musk-and-vitalik-buterin-champion-californias-ai-safety-bill-but-is-it-enough/): Elon Musk and Vitalik Buterin, two of the most influential figures in the tech world, have thrown their weight behind California’s SB 1047 AI safety bill. However, questions remain about whether the bill will be sufficient to address the growing concerns surrounding the development and deployment of advanced AI systems. In a bid to address these anxieties, California has proposed a groundbreaking AI Safety Bill, California lawmakers have introduced SB 1047, a bill aimed at ensuring the safe development and deployment of advanced AI models. The bill has garnered support from prominent figures in the tech industry, including tech mogul - [Federal Court Rules in Favor of Kraken: Tokens on Platform Not Securities](https://news.shib.io/2024/08/26/federal-court-rules-in-favor-of-kraken-tokens-on-platform-not-securities/): The Federal Court for the Northern District of California passed a ruling on Saturday that no tokens trading on cryptocurrency platform Kraken will be considered securities.  Announced on X by Marco Santori, Chief Legal Officer for Kraken, this ruling indicates positive news for Kraken and the entire cryptocurrency space in general, reiterating Kraken’s stance that it doesn’t list securities on its platform.  “Today, the Federal Court for the Northern District of California ruled, as a matter of law, that none of the tokens trading on Kraken are securities. This is a significant win for Kraken, for the principle of clarity - [Buenos Aires Breaks New Ground: High School Students to Learn Ethereum Smart Contracts](https://news.shib.io/2024/08/26/buenos-aires-breaks-new-ground-high-school-students-to-learn-ethereum-smart-contracts/): Buenos Aires, the capital of Argentina, is taking a significant step as one of the first cities in the world to introduce blockchain technology to its high school education curriculum according to a press release.  Apart from this, there will be a Solidity course which will train around 500 students aged 18 and above. “This course will equip young adults with the skills needed to develop decentralized applications (dApps), further integrating blockchain into the local economy,” according to the release. The brainchild of the ETH Kipu Foundation along with the Ministry of Education in Buenos Aires, this approach represents an - [Vitalik Buterin Defends Prediction Markets Against 'Gambling' Misconceptions](https://news.shib.io/2024/08/26/vitalik-buterin-defends-prediction-markets-against-gambling-misconceptions/): Ethereum co-founder Vitalik Buterin recently highlighted a common misconception regarding prediction markets like Polymarket. He widely rejected the view that prediction markets must be classified as mere “gambling” platforms.  This post by Buterin showcased the important role that prediction markets play and why they have been growing in importance, attracting the attention of economists and policy experts.  In a post on X (formerly Twitter), Buterin revealed that it’s a massive misunderstanding to put Polymarket in the category of “gambling”. He also expressed his concerns about why people like economists and policy intellectuals are excited about Polymarket.  “Prediction markets are interesting - [Indian Crypto Exchange WazirX Rolls Out Partial INR Withdrawals](https://news.shib.io/2024/08/26/indian-crypto-exchange-wazirx-rolls-out-partial-inr-withdrawals/): Crypto exchange WazirX announced on Monday that it has initiated Phase 1 of INR withdrawals, allowing eligible users to withdraw up to half of the available 66% of their balances. The exchange also reduced withdrawal fees by 60%, lowering the fee from ₹25 to ₹10 to facilitate smoother transactions. In a post on X (formerly Twitter), WazirX informed users that only 66% of their INR balances would be accessible at this stage, with half of that amount available for withdrawal during Phase 1. The exchange’s CEO, Nischal Shetty, addressed user frustrations, apologizing for the delays and explaining that extensive checks - [India’s Retail CBDC Pilot Reaches 5 Million Users as RBI Urges Gradual Implementation](https://news.shib.io/2024/08/26/indias-retail-cbdc-pilot-reaches-5-million-users-as-rbi-urges-gradual-implementation/): India’s retail Central Bank Digital Currency (CBDC) pilot has reached over 5 million users, according to Reserve Bank of India (RBI) Governor Shaktikanta Das. Speaking at a conference in Bengaluru today, Das emphasized that there is no need to rush into a full-scale rollout of the CBDC without first acquiring a comprehensive understanding of its implications. Das stated, “There should not be any rush to roll out a system-wide CBDC before one acquires a comprehensive understanding of its impact on users, monetary policy, the financial system, and the economy.”  He further added that the CBDC could be “phased in gradually” - [Rumble CEO Flees Europe After Durov Arrest Sparks Concerns Over Free Speech and Tech Regulation](https://news.shib.io/2024/08/26/rumble-ceo-flees-europe-after-durov-arrest-sparks-concerns-over-free-speech-and-tech-regulation/): With the tech world on edge, Rumble CEO Chris Pavlovski has left Europe in the wake of Telegram CEO Pavel Durov’s arrest.  On Sunday, via an X post, Pavlovski updated his followers of his whereabouts: ‘I’m a little late to this, but for good reason — I’ve just safely departed from Europe.” He went on to denounce France’s actions, stating, “France has threatened Rumble, and now they have crossed a red line by arresting Telegram’s CEO, Pavel Durov, reportedly for not censoring speech. Rumble will not tolerate this blatant disregard for freedom of expression, a universal human right. We are - [Telegram Responds After CEO Pavel Durov Detained in France](https://news.shib.io/2024/08/26/telegram-responds-after-ceo-pavel-durov-detained-in-france/): Amid the shockwaves of Pavel Durov’s arrest in France, Telegram has issued a defiant statement, reaffirming its unwavering commitment to European Union regulations. The popular messaging app has assured users that its operations remain fully aligned with the Digital Services Act and that its content moderation practices continue to meet the highest industry standards. “Telegram abides by EU laws, including the Digital Services Act – its moderation is within industry standards and constantly improving,” the messaging platform emphasized on its statement on Sunday. The company also mentioned that its CEO Pavel Durov “has nothing to hide and travels frequently in - [Shiba Inu Whales Gobble Up Over 2T SHIB, Whales Power Play Could Signal Bullish Trend](https://news.shib.io/2024/08/26/shiba-inu-whales-gobble-up-over-2t-shib-whales-power-play-could-signal-bullish-trend/): Shiba Inu (SHIB) has experienced a surge in whale activity in recent days, with large holders strategically transferring over 2 trillion SHIB tokens among leading crypto exchanges. This move has sparked speculation that whales are accumulating SHIB at current low prices, potentially positioning themselves for a future price increase. According to on-chain data from Arkham Intelligence, these SHIB tokens were not simply held but were actively transferred between various exchanges, suggesting a deliberate and strategic approach. This whale activity has coincided with a broader trend of large SHIB transactions, indicating that more investors are accumulating the token at its current - [LEASH Takes Center Stage: Shytoshi Kusama Unveils Crucial Role in Shiba State](https://news.shib.io/2024/08/26/leash-takes-center-stage-shytoshi-kusama-unveils-crucial-role-in-shiba-state/): Shytoshi Kusama has unveiled the pivotal role that LEASH will play within the emerging Shiba State. With LEASH holders now positioned as key moderators and protectors of the system, the announcement marks a significant shift, placing LEASH at the heart of Shiba Inu’s evolving governance structure. The Shiba Inu ecosystem continues to evolve, and its latest development has brought LEASH, the Shiba Inu’s “Doge Killer” token, into sharp focus. Kusama, the enigmatic lead developer of Shiba Inu, has revealed a key role for LEASH holders within the upcoming “Shiba State” project. In a cryptic yet impactful tweet, Kusama declared: “Leash - [SHIB Poised For Over 400% Surge As Analysts Highlight Break From Technical Indicator](https://news.shib.io/2024/08/26/shib-poised-for-over-400-surge-as-analysts-highlight-break-from-technical-indicator/): Shiba Inu (SHIB) is poised for a meteoric rise, with analysts predicting a staggering 400% surge in its price. The catalyst for this bullish forecast lies in SHIB’s recent breakout from a long-term falling wedge pattern, a technical indicator that often signals a reversal of a downtrend. In a bold new analysis, crypto analyst Javon Marks (@JavonTM1 on X), has offered a compelling take on Shiba Inu’s (SHIB) recent price movements to their over 41k followers. According to Marks, SHIB has successfully broken out of a Falling Wedge pattern on the daily chart—an event that could potentially spark a significant - [The Durov Arrest: A Clash of Freedom, Security, and the Alleged Shadow of Israel](https://news.shib.io/2024/08/25/the-durov-arrest-a-clash-of-freedom-security-and-the-alleged-shadow-of-israel/): The world watched in shock as Pavel Durov, the founder of the encrypted messaging platform Telegram, was arrested at Le Bourget Airport in Paris over the weekend. His private jet, arriving from Azerbaijan, had barely touched down before authorities swooped in, detaining Durov on charges of facilitating criminal activities through Telegram’s lack of moderation.  The arrest sent shockwaves through the tech and crypto communities, sparking heated debate about free speech, online security, and the role of government oversight.  Durov’s history of defiance towards authoritarian regimes, notably his public rejection of Russian government requests to censor anti-government figures and his revelation - [The Weekly Meme Digest](https://news.shib.io/2024/08/24/the-weekly-meme-digest-13/): Hey there, crypto enthusiasts! Welcome to another edition of the Weekly Meme Digest, your one-stop shop for all things meme-y and crypto-crafty. It’s that time of the week again when we dive into the wild and wacky world where blockchain meets banter. Yes, it’s the Weekly Meme Digest, where your crypto dreams are as real as a Shiba Inu coin rally! 🎉 If you could memeify any crypto figure, who would it be? Would it be a Shiba Inu-faced Vitalik Buterin? A cat-eared CZ? Or maybe a Shiba Inu-inspired Elon Musk? Let us know in the comments below! Remember, folks, - [Kamala Harris Crypto Balancing Act: Will She HODL or Hammer Down ?](https://news.shib.io/2024/08/24/kamala-harris-crypto-balancing-act-will-she-hodl-or-hammer-down/): Buckle up, crypto bros and decentralized divas, because the blockchain world is about to get a jolt from an unexpected source: Vice President Kamala Harris. Yes, you heard that right! The same Kamala whose campaign team is packed with regulators who have been known to give crypto the side-eye is now apparently ready to “support policies” for industry growth. But before you start pouring champagne over your mining rigs, let’s dive into the absurdity of this political plot twist. 🍿 The Plot Thickens: A Tale of Two Campaigns Kamala Harris’ aide recently dropped a bombshell, suggesting that the VP is - [Binance, CZ, and the RICO Reveal: The Legal Drama You Never Knew You Needed!](https://news.shib.io/2024/08/24/binance-cz-and-the-rico-reveal-the-legal-drama-you-never-knew-you-needed/): Hey there, crypto enthusiasts and meme aficionados! Buckle up, because our weekly dive into the wacky world of blockchain just got a spicy new twist. Picture this: Binance and its enigmatic CEO, CZ, are now embroiled in a legal soap opera that makes your favorite Netflix drama look like a kiddie cartoon. 🎬💣 Last Friday, the Seattle federal court was graced with a class action lawsuit so juicy it could be served with a side of popcorn. The allegation? Binance is accused of being the ultimate crypto laundromat for hacked funds—a kind of “Money Laundering for Dummies,” but with real - [Sun Unleashes Memecoin Horde with SunPump™: Genius or Memegeddon?](https://news.shib.io/2024/08/24/sun-unleashes-memecoin-horde-with-sunpump-genius-or-memegeddon/): Move over, Dogefather , Justin Sun’s just a kennel of memecoin madness!  Justin Sun ditched diplomacy for memes! 🐕🚀 Tron launches SunPump™, a platform churning out Shiba Inu copycats 🐶 and Pepe knock-offs 🐸, threatening to flood the market. Is this visionary or the ultimate memepocalypse? ¯_(ツ)_/¯ SunPump™ targets Solana’s pump.fun, where transaction fees soared due to the bizarre hype for memecoins with the stability of a sandcastle 🏖️. Sun promises “enhanced rug pull prevention” 🛡️ (cue skeptical eyebrow raise 🙄), even partnering with Poloniex to list memecoins with enough “meme power” 💥 for a quick million 💵. Sounds like - [Crypto Wins: The Unstoppable Change Politicians Want to Ride 🎉🚀](https://news.shib.io/2024/05/25/5-crypto-wins-the-unstoppable-change-politicians-want-to-ride-%f0%9f%8e%89%f0%9f%9a%80/): Buckle up and grab your popcorn for a wild ride through the latest wins in the crypto world because the regulatory landscape in the U.S. has turned into a spectacle of epic proportions. 🤹‍♂️🎡 Politicians Playing Nice with Crypto…Finally? 🙄🎭 Is it just us, or do politicians have more faces than a digital hydra? 🤔 One minute, they’re railing against crypto like it’s the devil’s currency, and the next, they’re cozying up to it like long-lost lovers. Take the SEC, for instance. After years of treating Ethereum like it was a digital outlaw, they finally approved the ETH ETF. 🍾🎉 - [K9 Finance Lands on CoinW Exchange, Bringing Shibarium Liquid Staking to the Masses](https://news.shib.io/2024/05/24/k9-finance-lands-on-coinw-exchange-bringing-shibarium-liquid-staking-to-the-masses/): K9 Finance ($KNINE), the liquid staking derivative (LSD) platform for the Shibarium blockchain, is set to land on the CoinW exchange Friday. The listing marks a significant step for K9 Finance, making its $KNINE token readily available to a wider audience. CoinW boasts a vast user base and industry recognition, providing K9 Finance with a valuable platform to showcase its innovative staking solutions. Starting at 12:30 UTC, users can deposit, trade, and withdraw KNINE tokens on the CoinW platform. This exciting development opens new avenues for investors to participate in the K9 Finance ecosystem. “This is a great strategic move - [D3 Marketplace Launches Beta, Unleashing Shib Name Trading with Bone](https://news.shib.io/2024/05/24/d3-marketplace-launches-beta-unleashing-shib-name-trading-with-bone/): D3 Inc. has announced the beta launch of its highly anticipated D3 Marketplace, a platform designed to meet the rising demand for Shib Names, a decentralized identifier (DID) within the Shiba Inu ecosystem. This innovative platform aims to provide a secure and user-friendly environment tailored to the needs of the Shiba Inu community. D3 has introduced features that enhance the utility and accessibility of Shib Names. One of the standout features is the ability for users to list their Shib Names for sale. This functionality opens up new avenues for ownership and allows users to monetize their digital identities within - [Kabosu, Iconic Dog Behind Dogecoin and Shiba Inu, Passes Away](https://news.shib.io/2024/05/24/kabosu-iconic-dog-behind-dogecoin-and-shiba-inu-passes-away-at-17/): Kabosu, the beloved Shiba Inu whose image became the face of Dogecoin and Shiba Inu meme coins, passed away early Friday. The news was shared by Kabosu’s owner in a heartfelt blog post, announcing that a farewell party will be held for the iconic Shiba Inu. At the time of passing, Kabosu was over 17 years of age. “We will be holding a farewell party for Kabo-chan on Sunday, May 26th . It will be held at Flower Kaori in Kotsu no Mori, Narita City, from 1pm to 4pm,” the blog reads. The crypto community and fans worldwide have been - [Bullish: Shiba Inu Soars to New Heights with Upcoming Perpetual Futures Listing by Crypto ETF Custodian](https://news.shib.io/2024/05/24/bullish-shiba-inu-soars-to-new-heights-with-upcoming-perpetual-futures-listing-by-renowned-crypto-etf-custodian/): Shiba Inu (SHIB), the popular meme-based cryptocurrency, is set to gain significant market traction as a renowned crypto ETF custodian announced its latest perpetual futures listing. This latest move by , Coinbase, which includes support for SHIB along with other crypto assets, is anticipated to boost SHIB’s visibility and trading volume. Milestone Announcement In a celebratory X post on Thursday, Coinbase, one of the world’s largest cryptocurrency exchange platforms by trading volume, marked its 50th perpetual futures listing. The announcement stated, “Celebrating our 50th perpetual futures listing with man’s best friend, the dog. We are adding support for $FLOKI, $BONK, - [VanEck Celebrates SEC Approval of Ethereum ETF with Bold Statement and New Campaign](https://news.shib.io/2024/05/24/vaneck-celebrates-sec-approval-of-ethereum-etf-with-bold-statement-and-new-campaign/): VanEck, in a swift response to the U.S. Securities and Exchange Commission’s (SEC) approval of its Ethereum ETF proposal, has released a statement and an advertisement, showcasing its readiness to embrace this significant regulatory milestone. Statement on SEC’s Approval VanEck, a prominent Wall Street firm renowned for its expertise in issuing exchange-traded fund products and mutual funds, expressed immense enthusiasm following the SEC’s green light for the Chicago Board Options Exchange (CBOE) to list and trade a spot ether ETF. This approval, under Section 19(b) of the Securities Exchange Act of 1934, marks a pivotal moment for the investment firm - [EXCLUSIVE - Shytoshi Kusama Teases SHIB's Future Following Ethereum's ETF Approval](https://news.shib.io/2024/05/23/shytoshi-kusama-teases-shibs-future-following-ethereums-etf-approval/): Shytoshi Kusama, the enigmatic lead developer of Shiba Inu (SHIB), has sparked excitement within the crypto community by teasing significant future developments for SHIB following Ethereum’s recent ETF approval. In a celebratory tweet, Kusama congratulated Ethereum on its groundbreaking achievement and hinted at the possibility of SHIB pursuing a similar regulatory milestone. His message, which encouraged followers to “stay tuned,” suggests that major developments are on the horizon for Shiba Inu, fueling speculation and anticipation among investors and enthusiasts. Just minutes after news broke that the U.S. Securities and Exchange Commission (SEC) approved Ethereum, the world’s second largest crypto asset - [SEC Greenlights Ethereum ETFs: A Game-Changer for Crypto Markets](https://news.shib.io/2024/05/23/sec-greenlights-ethereum-etfs-a-game-changer-for-crypto-markets/): The U.S. Securities and Exchange Commission (SEC), in a landmark decision, has approved eight spot Ethereum ETFs, signaling a significant leap forward for the cryptocurrency industry. This decision, welcomed with both optimism and caution, highlights the growing acceptance of digital assets in mainstream finance.  Landmark Decision for the Crypto Industry The ETFs, approved under an omnibus order, come from prominent financial institutions including BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy, and Franklin Templeton. This approval follows closely on the heels of the SEC’s historic approval of spot Bitcoin ETFs four months ago. The approved ETFs will be listed and - [Lawmakers Ratchet Up Pressure on SEC for Ethereum ETF Approval, Talks Emerge with Issuers](https://news.shib.io/2024/05/23/lawmakers-ratchet-up-pressure-on-sec-for-ethereum-etf-approval-talks-emerge-with-issuers/): As the May 23rd deadline for a decision on Ethereum ETFs looms, pressure is mounting on the U.S. Securities and Exchange Commission (SEC) from both lawmakers and the industry. This comes after a period of uncertainty, with many issuers – including those behind the recently approved Bitcoin ETFs – expressing doubt about their Ethereum counterparts receiving the green light. Congressman Tom Emmer (R-MN), a vocal advocate for cryptocurrency, led a bipartisan group of lawmakers in a letter urging the SEC to approve Ethereum ETFs. The letter highlights the growing institutional interest in Ethereum, the second-largest cryptocurrency, and argues that an - [Fed Survey Reveals Decline in Crypto Use Among US Adults to 7%](https://news.shib.io/2024/05/23/fed-survey-reveals-decline-in-crypto-use-among-us-adults-to-7/): A recent annual household survey conducted by the Federal Reserve System revealed the number of United States adults reporting crypto ownership or usage dropped to approximately 18 million in 2023. This decline represents a significant shift in crypto adoption trends, with only 7% of surveyed U.S. adults reporting crypto use during the 12 months leading up to October 2023. This figure is down from 10% in 2022 and 12% in 2021. The survey revealed that only 1% of adults reported using crypto for payment purposes or to send money. This sharp decline from previous years suggests that people are increasingly - [ShibaSwap's $BONE Gains Traction as Precipitate AI Adopts Token for Payments](https://news.shib.io/2024/05/23/shibaswaps-bone-gains-traction-as-precipitate-ai-adopts-token-for-payments/): $BONE, the governance token of the decentralized exchange (DEX) ShibaSwap, has seen an expansion in its use cases with its recent integration into Precipitate AI. This integration allows users to pay for Precipitate AI’s services using $BONE, offering greater flexibility and potentially boosting demand for the token, the company said via a tweet on Wednesday.  Precipitate AI is a leading provider of artificial intelligence (AI) solutions for businesses. The company offers a range of services, including data analysis, machine learning model development, and natural language processing. By integrating $BONE as a payment option, Precipitate AI opens its doors to a - [SOL ETF Next? Industry Experts Burst Solana Bubble](https://news.shib.io/2024/05/23/sol-etf-next-industry-experts-burst-solana-bubble/): Industry experts, in a sobering reality check for cryptocurrency enthusiasts, have punctured the ballooning hype around a potential Solana exchange-traded fund (SOL ETF), cautioning investors against premature excitement. As the crypto community grapples with the complexities of regulatory approval and as regulatory scrutiny intensifies and legal challenges loom, the buoyant optimism for Solana’s breakthrough into the ETF sphere now faces a sharp deflation, with industry experts warning of the rocky road ahead by presenting a stark reality check. Market Anticipation and Speculation The cryptocurrency sector has been teeming with anticipation as discussions on CNBC have ignited speculation about the approval - [A Bold New Shib](https://news.shib.io/2024/05/23/a-bold-new-shib/): Read the latest edition of The Shib magazine here. - [Bullish: House Backs Fit21 Bill with Robust Majority, Signaling Confidence in Crypto’s Future](https://news.shib.io/2024/05/22/bullish-house-backs-fit21-bill-with-robust-majority-signaling-confidence-in-cryptos-future/): The U.S. House of Representatives, in a landmark decision that underscores the growing acceptance of digital currencies, has passed the eagerly awaited Fit21 Crypto Bill with a robust bipartisan majority of 279 to 136. This decisive move not only marks a significant milestone for the cryptocurrency industry but also signals a bullish outlook for the future of decentralized finance.  The bill’s passage is seen as a vote of confidence from lawmakers, reflecting a shared vision of fostering innovation and stability in the growing crypto market. Historic Achievement: FIT21 The Financial Innovation and Technology for the 21st Century Act (FIT21) marks - [Tech Giants and Crypto Platforms Join Forces in 'Tech Against Scams' Coalition](https://news.shib.io/2024/05/22/tech-giants-and-crypto-platforms-join-forces-in-tech-against-scams-coalition/): In a bold move to combat the rising tide of online fraud, a coalition named “Tech Against Scams” was announced Wednesday, uniting major players across social media, dating apps, financial institutions, and cryptocurrency platforms. The coalition aims to tackle and prevent the growing threat of online scams that target consumers globally. The coalition’s founding members include Coinbase, Match Group (parent company of Tinder and Hinge), Meta, Kraken, Ripple, Gemini, and the Global Anti-Scam Organization. “Tech Against Scams” will function as a central hub where these tech giants can collaborate, sharing best practices and threat intelligence to protect consumers and disrupt evolving - [Shibarium Tech Moderator Bullish on LEASH: Will It Break ATH?](https://news.shib.io/2024/05/22/shibarium-tech-moderator-bullish-on-leash-will-it-break-ath/): Shibarium Tech moderator SpecialK sent a wave of excitement through the Shiba Inu ($SHIB) community with a recent tweet outlining 10 reasons why they “will never sell my $LEASH before ATH.” The tweet highlighted LEASH’s potential within the Shiba Inu ecosystem, sparking discussions about future price movements. LEASH, a limited-supply ERC-20 token, currently serves multiple purposes within the Shiba Inu ecosystem. Its primary function is rewarding ShibaSwap liquidity providers, incentivizing them to keep their funds locked in the platform’s pools. This fosters a healthy level of liquidity, crucial for smooth transactions. SpecialK emphasizes LEASH’s low token supply as a key driver - [UK Approves Bitcoin and Ethereum ETFs for London Stock Exchange Listing](https://news.shib.io/2024/05/22/uk-approves-bitcoin-and-ethereum-etfs-for-london-stock-exchange-listing/): In a landmark move, the United Kingdom’s Financial Conduct Authority (FCA) has approved the listing of Bitcoin (BTC) and Ethereum (ETH) exchange-traded products (ETPs) on the London Stock Exchange (LSE). This approval, granted to asset manager WisdomTree, signals a significant shift in the regulatory landscape for cryptocurrencies in the U.K. Asset manager WisdomTree, headquartered in New York and managing over $111 billion globally, is set to debut its Physical Bitcoin (BTCW) and Physical Ethereum (ETHW) ETPs on the LSE. Trading is expected to commence on May 28, targeting professional investors exclusively. These ETPs will carry a management fee of 35 - [Shiba Inu Now Available for Trading on the British Virgin Islands Exchange Backpack](https://news.shib.io/2024/05/22/shiba-inu-now-available-for-trading-on-the-british-virgin-islands-exchange-backpack/): Backpack Exchange, a crypto platform operating under the regulatory framework of the British Virgin Islands, has launched Shiba Inu (SHIB) trading. The announcement came via a tweet Monday, revealing that trading for the popular canine-themed token is now live. Backpack paired Shiba Inu against Circle’s stablecoin (USDC), allowing users to trade SHIB with confidence. The trading commenced at 10:00 AM (UTC) on May 20,  marking a milestone for the SHIB community. Launched in 2023, Backpack is a next-generation exchange that caters to crypto enthusiasts worldwide. It enables users to buy and sell various crypto assets, including Bitcoin (BTC), Ether (ETH), and - [Ethereum ETF Frenzy: Fin Firms Rush to Submit Amended Proposals, Drop Staking Language](https://news.shib.io/2024/05/22/ethereum-etf-frenzy-fin-firms-rush-to-submit-amended-proposals-drop-staking-language/): Financial giants Fidelity, VanEck, Invesco/Galaxy, Ark/21Shares, and Franklin Templeton, in an electrifying rush, have swiftly submitted their amended proposals for Ethereum ETFs within a tight 25-minute window. These proposals, delivered via the Chicago Board Options Exchange (CBOE), mark a critical shift by removing staking language, underscoring a unified and strategic effort to align with regulatory demands and expedite the potential approval of these eagerly awaited investment vehicles. In a significant update on the much-anticipated development of spot Ethereum exchange-traded funds (ETFs), Bloomberg Intelligence ETF analyst James Seyffart hinted that these crypto investment vehicles might finally be “happening.” Seyffart noted that - [Trump Breaks New Ground: First Major Candidate to Accept Shiba Inu and Other Cryptocurrency Donations](https://news.shib.io/2024/05/22/trump-breaks-new-ground-first-major-candidate-to-accept-shiba-inu-and-other-cryptocurrency-donations/): Donald Trump has made history as the first major party U.S. presidential candidate to accept campaign donations in various cryptocurrencies, including Shiba Inu. This unprecedented move marks a significant development in political fundraising, showcasing the growing integration of digital assets in mainstream politics, setting a new precedent in political fundraising. Trump’s presidential campaign on Tuesday announced it will start accepting crypto donations, making good on the presumptive Republican nominee’s pledge to become the first major party candidate to embrace Bitcoin, Ether, Shiba Inu and other cryptocurrencies.  “Demonstrating President Trump’s success as a champion of American freedom and innovation, we proudly - [Crypto Portfolios Justin Bieber, Paris Hilton, and Trump Revealed](https://news.shib.io/2024/05/21/crypto-portfolios-justin-bieber-paris-hilton-and-trump-revealed/): A leading data analytics firm recently revealed the crypto portfolios of several high-profile figures, shedding light on their digital investment strategies. Among those disclosed by Arkham Intelligence are pop icon Justin Bieber, Paris Hilton, and former U.S. President Donald Trump. Here’s a closer look at their intriguing digital investments. Justin Bieber: ApeCoin Enthusiast Global music sensation Justin Bieber has a notable crypto net worth of $572,492. His primary holding is Ethereum (ETH), valued at approximately $536,080. Bieber’s investment portfolio also includes various altcoins such as ApeCoin (APE) and Dione (DIONE). Notably, his DIONE tokens originated from an address labeled “an - [Shiba Inu Eyes Massive Jump After Bull Flag Breakout, Analyst Predicts 3X Gains](https://news.shib.io/2024/05/21/shiba-inu-eyes-massive-jump-after-bull-flag-breakout-analyst-predicts-3x-gains/): Shiba Inu (SHIB), the popular dog-themed altcoin, has garnered attention from crypto analyst Javon Marks who sees a potential price upswing on the horizon.  Marks, citing a chart, identified a “bull flag” formation for SHIB and suggested this could be the catalyst for a significant price increase. Bull Flag Breakout: Continuation Signal? A Bull Flag is a continuation pattern that often emerges after a strong price surge. It’s characterized by a period of consolidation, typically represented by a price movement constrained within a trading channel with upward-sloping trendlines. A breakout from this channel signifies a potential continuation of the uptrend - [K9 Token to be Listed on CoinW: A Milestone for Shibarium Ecosystem](https://news.shib.io/2024/05/21/k9-token-to-be-listed-on-coinw-a-milestone-for-shibarium-ecosystem/): The Shiba Inu community is buzzing with excitement as CoinW, a prominent cryptocurrency exchange, announced on X that it will soon list the KNINE token. The introduction of the KNINE/USDT trading pair on CoinW is expected to provide significant liquidity and enhance the token’s accessibility to a broader audience. K9 Finance is a liquid staking derivative (LSD) platform specifically designed for the Shibarium blockchain. As a key player in the Shibarium ecosystem, K9 Finance enhances decentralized finance (DeFi) functionalities by allowing users to stake their assets and earn rewards. It stands out as an official Shibarium validator, distributing $BONE tokens - [Blockchain Integration Ahead? Potential US Buyer Unveils Plan For Decentralized TikTok](https://news.shib.io/2024/05/20/blockchain-integration-ahead-potential-us-buyer-unveils-plan-for-decentralized-tiktok/): A potential American buyer, in a groundbreaking move set to disrupt the traditional dynamics of social media ownership,  has unveiled plans for a decentralized approach to acquiring TikTok, with possible blockchain integration at the forefront. Led by billionaire entrepreneur Frank McCourt, this ambitious initiative aims to democratize ownership of the popular video-sharing platform, empowering users and communities to become stakeholders in its future. With cryptocurrency poised to play a pivotal role in this innovative endeavor, the proposal signals a bold step toward reshaping the landscape of digital ownership and user empowerment in the era of Web 3.0. With over 170 - [Shiba Inu Burn Rate Skyrockets, Surging by Triple-Digits](https://news.shib.io/2024/05/20/shiba-inu-burn-rate-skyrockets-surging-by-triple-digits/): The burn rate of Shiba Inu (SHIB) tokens has experienced an unprecedented surge, skyrocketing by triple-digit percentages in a short span of time. This exponential rise in token burning activity within the SHIB community has sent shockwaves through the cryptocurrency landscape, reshaping market dynamics and igniting fervent speculation among investors.  In a recent update on X (formerly Twitter), SHIB OG and X user @EdwardSalomons shed light on a remarkable development within the SHIB community. Over the last 24 hours, an astounding 6,954,019 SHIB tokens have been consigned to flames, signaling a notable surge in burning activity. This trend gains even - [Bitcoin Surges as Investors Flock to BTC Spot ETFs Amid SEC's Impending Ethereum ETF Decision](https://news.shib.io/2024/05/20/bitcoin-surges-as-investors-flock-to-btc-spot-etfs-amid-secs-impending-ethereum-etf-decision/): Bitcoin experienced a notable surge, closing last week with a 7.8% gain as high inflows into BTC Spot ETFs bolstered investor sentiment. The cryptocurrency market witnessed steady price action throughout the week, with Bitcoin’s price reaching approximately $66,300 by the week’s end.  Bitcoin, the world’s largest crypto asset by market capitalization, closed the week on a positive note as it recorded a nearly 8% increase in value and continued to trade over the weekend to as high as $67,000.  This surge came amid a resurgence in demand for BTC Spot ETFs, with approximately $950 million in net inflows recorded last - [Grayscale Appoints New CEO Amid Leadership Changes in Crypto Investment Landscape](https://news.shib.io/2024/05/20/grayscale-appoints-new-ceo-amid-leadership-changes-in-crypto-investment-landscape/): Michael Sonnenshein, the CEO of Grayscale Investments, in a significant leadership transition and a  dynamic shift reflective of the evolving landscape of cryptocurrency investment, has announced his resignation, effective August 15. Sonnenshein’s departure comes after a decade at the helm of Grayscale, during which time he played a pivotal role in shaping the company’s growth and pioneering the introduction of spot Bitcoin ETFs to the market. This week started with the interesting news about the departure of Grayscale Investments CEO Sonnenshein and the appointment of his replacement, which followed Vanguard’s announcement of changes in its leadership. Greyscale’s departing CEO expressed - [Wen BONE? Binance Signals Listing Initiative Via Latest Announcement](https://news.shib.io/2024/05/20/wen-bone-binance-signals-listing-initiative-via-latest-announcement/): Binance’s latest call for project applications, a move that has set tongues wagging across the cryptocurrency community, has sparked fervent speculation about the potential listing of BONE, the official gas token of Shiba Inu’s later-2 scalability solution Shibarium. As eager investors await official confirmation, the announcement signals a promising step forward in Binance’s efforts to diversify its token offerings and foster a more inclusive market environment. Binance, one of the world’s leading cryptocurrency exchanges by trading volume, issued a call for project applications in a bid to expand its token offerings and promote a more diverse market ecosystem. The announcement, released - [Vitalik Buterin Identifies Challenges to Ethereum’s Decentralization](https://news.shib.io/2024/05/20/vitalik-buterin-identifies-challenges-to-ethereums-decentralization/): Ethereum co-founder Vitalik Buterin has delved into critical issues surrounding the decentralization of the Ethereum network. These are concerns widely shared within the crypto community, which seem to have prompted Buterin to propose potential solutions in a recent blog post. One of the primary challenges Buterin identifies is the Miner Extractable Value (MEV). MEV refers to the financial gain that sophisticated node operators can achieve by reordering transactions within a block. Buterin suggests two approaches to tackle this issue: “minimization” and “quarantine.” Minimization focuses on reducing MEV through intelligent protocol design, while quarantine aims to eliminate MEV through in-protocol techniques. - [Bitcoin Network Sees Sharp Decline in New Wallet Addresses: What's Behind the Drop?](https://news.shib.io/2024/05/20/bitcoin-network-sees-sharp-decline-in-new-wallet-addresses-whats-behind-the-drop/): The Bitcoin network recently experienced a significant downturn in the number of new wallet addresses, hitting its lowest point since 2018. This decline is noteworthy, especially considering the cryptocurrency’s recent bullish run and the excitement surrounding Bitcoin exchange-traded funds (ETFs) and other ecosystem developments just six months ago. In the last week, the average number of new Bitcoin addresses added daily fell to 275,000, a stark contrast to the 625,000 new addresses recorded six months prior. This period of heightened activity was fueled by the anticipation of spot Bitcoin ETFs, and the then-upcoming Bitcoin halving event. These factors had collectively - [Amoré Orthodontic Aligners Embraces Cryptocurrency, Accepts SHIB Payments](https://news.shib.io/2024/05/20/amore-orthodontic-aligners-embraces-cryptocurrency-accepts-shib-payments/): Amoré Orthodontic Aligners, a leading orthodontic care provider in the United States, has announced it will now accept Shiba Inu (SHIB) as a payment method for its teleorthodontic services. This strategic move underscores the increasing integration of cryptocurrencies in everyday transactions. “Leveraging innovative blockchain tech like $SHIB & #Shibarium aligns with our ethos of improving access to quality USA Board Certified Orthodontist for everyone, globally,” Amoré Orthodontic Aligners said in an X post. Amoré Orthodontic Aligners offers teleorthodontic treatment, a type of remote aligner therapy, using clear aligners designed for individual patients. Renowned for its affordable and comprehensive treatment plans - [Shiba Inu Issues Urgent Warning on SHIB Airdrop Scams](https://news.shib.io/2024/05/20/shiba-inu-issues-urgent-warning-on-shib-airdrop-scams/): The Shiba Inu community has been placed on high alert due to a surge in scam attempts targeting investors. The official Shiba Inu Twitter account recently issued a critical warning, clarifying that no officially sanctioned SHIB airdrops are currently being conducted.  It said that any unsolicited offers of SHIB airdrops are scams intended to steal cryptocurrency from unsuspecting individuals. Scammers are employing a variety of deceptive methods to exploit Shiba Inu community members. A common scam involves promoting fake airdrops that require users to click on phishing links and connect their wallets to malicious platforms. This tactic allows scammers to - [The Weekly Meme Digest - May 18, 2024](https://news.shib.io/2024/05/18/the-weekly-meme-digest-may-19-2024/): This Weekly Meme Digest edition is brought to you by ShibaSwap, Shiba Inu’s very own decentralized crypto exchange (DEX) platform, now turbocharged via Shibarium integration! 🚀🐕‍🦺 Because why just swap when you can ShibaSwap your way to the moon? 🌕✨ Hey there, Shibizens and crypto enthusiasts! 🐕‍🦺✨ Welcome to your Weekly Meme Digest, where we bring you the top 5 biggest crypto stories of the week, served with a side of humor and a sprinkle of memes! Our jokes are sharper than Bitcoin’s volatility, and our insights are smoother than a Shiba Inu’s fur! 🚀🎉 Did you catch our previous - [Doland Tremp, Pepe Trump, Maga VP … Meme Coins Dance With Trump Under the Arclights](https://news.shib.io/2024/05/18/doland-tremp-pepe-trump-maga-vp-meme-coins-dance-with-trump-under-the-arclights/): Get ready to laugh, gasp, and maybe even spit out your coffee, because we’re diving into the wacky world of Donald Trump—a fame magnet with a gravitational pull stronger than a black hole! 🌟💥 Trump, the real-estate mogul from New York who bulldozed his way through Washington’s political elite, is back at it again. Love him or hate him, you can’t ignore him! Whether he’s your worst nightmare or your ultimate hero, depends on who you ask! 🤯🎭 This mercurial maverick changes his mind faster than Bitcoin’s price on a Monday morning. Once a crypto-skeptic as president, now he’s hawking - [Dolce & Gabbana's NFT Catwalk Catastrophe: Digital Couture Crashes in the Metaverse](https://news.shib.io/2024/05/18/dolce-gabbanas-nft-catwalk-catastrophe-digital-couture-crashes-in-the-metaverse/): 🚨 When Dolce & Gabbana shimmied into the metaverse, little did it know it was walking right into a digital disaster! 🌐💥 The Italian luxury fashion house recently launched a collection of NFTs on Ethereum, promising buyers a tantalizing blend of “digital, physical, and experiential benefits.” But what followed was a sartorial saga worthy of a runway show. 💃🕺 The Bungled Delivery: A Fashion Faux Pas Imagine spending $6,000 on NFTs that come with virtual outfits, only to find out they’re about as useful as a sequined swimsuit in a snowstorm. ❄️👙 That’s precisely what happened to Luke Brown, a - [From Brainiacs to Blockchain Bandits: MIT Grads Swipe $25M in 12-Second Crypto Heist](https://news.shib.io/2024/05/18/from-brainiacs-to-blockchain-bandits-mit-grads-swipe-25m-in-12-second-crypto-heist/): 🚨 In a plot that reads like a Hollywood thriller 🎬, two brothers with razor-sharp minds allegedly swiped $25 million in cryptocurrency faster than you can say “blockchain.” 💸🔗 Anton Peraire-Bueno, 24, and James Peraire-Bueno, 28, both MIT alumni 🎓, stand accused of wire fraud and money laundering. Their weapon? Not guns or safecracking skills, but a sophisticated crypto exploit executed in a mere 12 seconds. ⏱️💻 The brothers, fueled by caffeine and code ☕💻, hatched their plan over late-night pizza 🍕. Armed with their MIT-honed skills, they infiltrated Ethereum’s transaction validation process. Their method? A cunning maneuver they dubbed - [Charting New Horizons: Ramji Takes the Helm at Vanguard, Crypto Seas Await!](https://news.shib.io/2024/05/18/charting-new-horizons-ramji-takes-the-helm-at-vanguard-crypto-seas-await/): Today, we’re ditching the safe harbor of conventionality and setting sail on the good ship Vanguard! Rumors of Bitcoin ETFs are swirling like gold doubloons in a pirate’s dream! 🏴‍☠️💸 With Salim “Crypto Captain” Ramji at the helm, will Vanguard chart a course for crypto riches or hit the rocks of traditionalism? Let’s splice the mainbrace and dive into this comedic odyssey through the choppy seas of finance! For eons, Tim “The Traditionalist” Buckley kept Vanguard’s ship safe from the crypto kraken. But now, with Salim “Crypto Crusader” Ramji as the new captain, the shipmates are abuzz with speculation! Will - [GameStop Frenzy 2.0: The Meme Stock Rollercoaster Returns 🎢](https://news.shib.io/2024/05/18/gamestop-frenzy-2-0-the-meme-stock-rollercoaster-returns-%f0%9f%8e%a2/): GameStop is back in the spotlight 🎮📈, and it’s a wild ride once again! Thanks to Keith Gill, aka “Roaring Kitty” 🐱, and his bullish posts, the meme stock frenzy has returned, sending shares skyrocketing. The stock saw its highest trading volume in three years 📊, and everyone is buzzing. But hold on – there’s a twist! GameStop announced it’s selling up to 45 million shares 💸, taking advantage of the hype. This decision caused the stock to slump 26% 📉 on Friday. Paul Nolte, a senior wealth adviser, explained that if your stock is up four- or five-fold in - [K9 Finance Founder Explores 'What's in a Name' Behind 'Bone Crusher' in Latest Crypto Revelation](https://news.shib.io/2024/05/17/k9-finance-founder-explores-whats-in-a-name-behind-bone-crusher-in-latest-crypto-revelation/): Buzz, the pseudonymous founder of K9 Finance, in an interesting delve into the intricacies of crypto nomenclature, embarks on an exploration of the symbolic depths behind the moniker ‘Bone Crusher’ in a recent crypto revelation. This unveiling seeks to unravel the layers of meaning and significance embedded within the name, shedding light on the ethos and mission driving K9 Finance’s latest venture.  Bone Crusher is the flagship product of K9 Finance, representing a revolutionary mobile liquid staking application. As the official liquid staking derivative platform of Shibarium, K9 Finance introduces Bone Crusher as a cutting-edge tool designed to empower users in - [Elon Musk's AI Grok Discusses Shiba Inu's ShibaSwap and Highlights Its Game-Changing New Features](https://news.shib.io/2024/05/17/elon-musks-ai-grok-discusses-shiba-inus-shibaswap-and-highlights-its-game-changing-new-features/): Elon Musk’s advanced AI, Grok, has recently turned its attention to Shiba Inu’s decentralized exchange, ShibaSwap, spotlighting its game-changing new features. Triggered by a prompt from Shiba Inu’s marketing lead, Grok provided a detailed analysis, highlighting enhancements such as improved security protocols, increased transaction speeds, and a user-friendly interface, which are poised to revolutionize the decentralized finance (DeFi) landscape. The cryptocurrency community, particularly the Shib Army, was electrified by the announcement from the Shiba Inu development team, amplified by its official digital magazine, The Shib. ShibaSwap, the ecosystem’s decentralized exchange platform, has officially integrated with Shibarium, the layer-2 scalability solution - [Precipitate AI to Add BONE or LEASH as Protocol Payment Currency](https://news.shib.io/2024/05/17/precipitate-ai-to-add-bone-or-leash-as-protocol-payment-currency/): In an exciting development for the Shib community, Precipitate AI has announced plans to incorporate either $BONE or $LEASH as a protocol payment currency. This move follows the successful integration of Shibarium Validators into the Precipitate Protocol, which went live Thursday, allowing users to launch validators on the Shibarium blockchain without the need for hardware or maintenance. The announcement came in response to a query from Ringoshi Tōitsu, a WOOF supporter on X (formerly Twitter), who expressed interest in using $BONE or $LEASH for setting up Shibarium Validators. Precipitate AI quickly confirmed this interest with a repost, stating, “To support - [K9 Finance Founder Explains Shibarium's Absence from CoinGecko and K9 DAO's Plan to Boost Visibility](https://news.shib.io/2024/05/17/k9-finance-founder-explains-shibariums-absence-from-coingecko-and-k9-daos-plan-to-boost-visibility/): In a recent statement, K9 Finance’s pseudonymous founder Buzz revealed why Shibarium, the layer-2 scalability solution of Shiba Inu, is missing from CoinGecko’s listings and detailed K9 DAO’s strategy to enhance its visibility. Buzz emphasized the need to increase Shibarium’s total value locked (TVL) to ensure its inclusion on key aggregation lists, thereby attracting more buyers, users, and developers to the growing platform. In a recent post on X (formerly Twitter), K9 Finance DAO highlighted the reasons behind Shibarium’s omission from CoinGecko’s list, despite its impressive performance metrics. The DAO noted that Shibarium boasts over 200 Transactions Per Second (TPS), which - [Sen. Lummis Dons Bitcoin Laser-Eyes After Historic Senate Vote on Crypto Custody](https://news.shib.io/2024/05/17/sen-lummis-dons-bitcoin-laser-eyes-after-historic-senate-vote-on-crypto-custody/): In a historic moment for the cryptocurrency landscape, Sen. Cynthia Lummis (R-WY) made a bold statement on social media platform X (formerly Twitter), sharing her picture featuring Bitcoin laser eyes. This came in celebration of the senate’s decision to disapprove the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) 121, which aimed to prevent regulated financial institutions from custodying Bitcoin and other crypto assets—a move strongly opposed by the crypto-friendly senator. Celebration on Social Media Sen. Lummis, known for her advocacy of digital currencies, shared a photo showing her donning the now-iconic Bitcoin laser eyes meme and tweeted, “We’re - [Ex-Goldman Sachs Exec Raoul Pal Reveals Critical Tips on Timing Your Crypto Exit in Latest Podcast](https://news.shib.io/2024/05/17/ex-goldman-sachs-exec-raoul-pal-reveals-critical-tips-on-timing-your-crypto-exit-in-latest-podcast/): Timing your exit can be as crucial as choosing the right entry point in the crypto world. Former Goldman Sachs executive Raoul Pal, now a prominent figure in the crypto space, shares valuable insights on when to sell your digital assets in a recent YouTube podcast. Understanding the Basics of Trading Exit Strategies An exit strategy refers to a trader’s plan on how and when to sell their holdings. It’s a roadmap designed to protect profits and minimize potential losses. Given the unpredictable nature of the crypto market, having a clear exit strategy helps traders remain objective, reducing the influence - [From Meme to Movement: SHIB Gains Traction With VIP Converts](https://news.shib.io/2024/05/17/from-meme-to-movement-shib-gains-traction-with-vip-converts/): Shiba Inu (SHIB) has long faced skepticism within the cryptocurrency community. Dismissed as a mere meme coin, SHIB’s early days were marked by derision from established figures.  However, recent developments suggest a shift in perception, with some prominent voices acknowledging SHIB’s potential beyond its meme-inspired origins. A prime example is Vitalik Buterin, the co-founder of Ethereum. Buterin, who initially underestimated SHIB, now admits it’s exceeded even his wildest expectations. With time he became increasingly involved with the project.  He donated a significant portion of his SHIB holdings to a COVID-19 relief fund in India, demonstrating a newfound belief in the - [Welly's Horizon Expands: SHIB-Powered NFTs Transform the Culinary Landscape](https://news.shib.io/2024/05/17/wellys-horizon-expands-shib-powered-nfts-transform-the-culinary-landscape/): SHIB, the pioneering ecosystem of cryptocurrency, has unveiled an exciting refresh of the Welly Friends NFT Collection. This innovative series of NFTs not only celebrates the artistry of digital creativity but also supports a beloved Italian restaurant and catering enterprise. Shytoshi Kusama, the lead developer of Shiba Inu, expressed enthusiasm for this groundbreaking fusion of food-based blockchain innovation and NFT art. “Welly is an innovative approach to marrying blockchain technology with culinary excellence,” Kusama commented. “The Welly Friends NFT Collection offers a unique and engaging way to interact with NFTs, coupled with a partnership with a real brick-and-mortar business—one of - [Mastercard Selects Five Global Startups to Push Blockchain Innovation in Payments](https://news.shib.io/2024/05/16/mastercard-selects-five-global-startups-to-push-blockchain-innovation-in-payments/): Mastercard, a leading payments services corporation, continues to expand its engagement with Web3 technologies by onboarding five new startups to its Start Path program. The initiative, focused on fostering innovation, aims to explore the potential of blockchain for developing scalable payment solutions within the global digital commerce landscape. “Today, Mastercard is introducing five startups from around the world to its Start Path Blockchain and Digital Assets program to drive best-in-class user experiences and expand use cases that demonstrate the power of blockchain technology,” a press release states. The newly selected startups hail from various regions and bring diverse areas of expertise to - [Crypto Market Rate BONE Confidence ‘HIGH’ Amid ShibaSwap's Shibarium Integration](https://news.shib.io/2024/05/16/crypto-market-rate-bone-confidence-high-amid-shibaswaps-shibarium-integration/): Bone ShibaSwap (BONE) has been experiencing a surge in confidence within the crypto market. According to CoinMarketCap data, BONE currently boasts a liquidity score of an impressive 524. This metric reflects the ease with which an asset can be bought or sold without significant price swings. A high liquidity score, like BONE’s, indicates a healthy market with ample trading volume, which is a major confidence booster for investors. Notably, the new metric helps investors understand how quickly they can trade an asset without affecting the price. A new score guides investors on how easily they can buy or sell an - [Digital Assets Space Pioneer Issues Stark Warning Against Surveillance, Control in Finance Following NYC Mayor's Remarks](https://news.shib.io/2024/05/16/digital-assets-space-pioneer-issues-stark-warning-against-surveillance-control-in-finance-following-nyc-mayors-remarks/): Gabor Gurbacs, a luminary in the digital assets space, has ignited debate with his stark warnings about the dangers posed by pervasive surveillance and censorship. Amid his cautionary tales, the executive also sheds light on the glaring disparity in institutional support for Bitcoin, revealing a stark contrast between professed endorsement and genuine belief in the revolutionary potential of the cryptocurrency. In a series of pointed tweets, Gurbacs, the renowned digital asset strategist at VanEck and Tether, sounded the alarm on the pervasive surveillance and control mechanisms embedded within credit card networks and central bank digital currencies (CBDCs). The catalyst for - [Wisconsin Makes Groundbreaking $100 Million Bitcoin Investment](https://news.shib.io/2024/05/16/wisconsin-makes-groundbreaking-100-million-bitcoin-investment/): The State of Wisconsin has taken a bold step into the cryptocurrency market, revealing its purchase of nearly $100 million worth of BlackRock’s iShares Bitcoin Trust (IBIT) in the first quarter of this year, as per a recent filing. The move places Wisconsin at the forefront as the first state to publicly disclose its Bitcoin holdings. The State of Wisconsin Investment Board (SWIB) orchestrated the acquisition of 94,562 shares of BlackRock’s IBIT, representing a substantial investment in the Bitcoin market. With a combined value nearing $100 million, this investment underscores Wisconsin’s confidence in the digital asset. Additionally, SWIB diversified its - [Double-Digit Surge: BONE Skyrockets Post Successful ShibaSwap Shibarium Integration ](https://news.shib.io/2024/05/16/double-digit-surge-bone-skyrockets-post-successful-shibaswap-shibarium-integration/): Bone ShibaSwap (BONE), the governance token of Shiba Inu’s decentralized crypto exchange platform and the official gas token of Shibarium, the project’s layer-2 scalability solution, experienced a double-digit surge in its value following the successful porting of ShibaSwap on Shibarium. A Milestone Announcement On Wednesday, the Shiba Inu development team made a significant announcement, revealing that its decentralized crypto exchange platform, ShibaSwap, has finally come home to Shibarium. This move marks a pivotal moment for the platform, as it now operates as a multi-chain DEX on both the Ethereum network and the Shibarium blockchain. Importantly, this integration serves to enhance - [ShibaSwap's Shibarium Integration Ignites 200% Surge in Transactions, Pushes Up SHIB](https://news.shib.io/2024/05/16/shibarium-integration-ignites-200-surge-in-transactions-pushes-up-shib/): The integration of ShibaSwap, the official decentralized exchange (DEX) of the Shiba Inu community, to Shibarium Layer-2 protocol has led to a remarkable spike in transactions, which have seen a staggering 3-fold increase within 24 hours of the highly anticipated event. Transactions on Shibarium rose 200% from the average of 6,000 per day to 18,000 in the last 24 hours. The integration has not only boosted transaction volumes but also had a positive impact on the price of the SHIB token. Over the past 24 hours, the price of SHIB has surged by an impressive 8.87%, from $0.00002366 to $0.00002576, - [Shytoshi Kusama Exudes Pride and Gratitude Over ShibaSwap's Progress, Teases Exciting Developments Ahead](https://news.shib.io/2024/05/16/shytoshi-kusama-exudes-pride-and-gratitude-over-shibaswaps-progress-teases-exciting-developments-ahead/): Shytoshi Kusama, the lead developer and the visionary mind behind the meteoric rise of Shiba Inu after the keys were handed to him by Ryoshi, the crypto project’s pseudonymous creator, is beaming with pride and gratitude as the project’s very own decentralized crypto exchange platform Shibaswap continues its remarkable journey of advancement. Kusama also tantalizingly hinted at the thrilling prospects that lie ahead, promising a future brimming with innovation and transformative developments.  The historic porting of ShibaSwap on Shiba Inu’s layer-2 scalability solution Shibarium, was warmly received by the community, as the project’s own decentralized crypto exchange platform is finally - [Shiba Inu Ports ShibaSwap, Gives Freshly Forked Shibarium A 'Redesigned Beating Heart'](https://news.shib.io/2024/05/16/shiba-inu-ports-shibaswap-gives-freshly-forked-shibarium-a-redesigned-beating-heart/): The Shiba Inu development team has unveiled the “redesigned beating heart” of the freshly forked Shibarium network: ShibaSwap. This pivotal upgrade promises to transform the decentralized exchange (DEX), enhancing its functionality and user experience. As the Shib Army rallies behind this innovative development, ShibaSwap is set to redefine the landscape of decentralized finance (DeFi), solidifying its role as a crucial hub within the Shiba Inu ecosystem. The latest groundbreaking development allows ShibaSwap, the decentralized cryptocurrency exchange (DEX) platform of Shiba Inu, to be available on both the Ethereum network and the Shibarium blockchain. Aside from driving innovation into the layer-2 - [Shiba Inu's Lucie Sees Altcoin Season as Prime Opportunity for Shibarium and $SHIB](https://news.shib.io/2024/05/16/shiba-inus-lucie-sees-altcoin-season-as-prime-opportunity-for-shibarium-and-shib/): As the cryptocurrency market experiences the onset of altcoin season, Lucie, a prominent figure within the Shiba Inu community, has highlighted the significant potential this period holds for Shibarium and the broader ShibArmy. Altcoin season, characterized by the outperformance of alternative cryptocurrencies to Bitcoin, presents a golden opportunity for Shibarium tokens, including $SHIB, $SHEB, $BONE, and $LEASH, to thrive, according to Lucie. During altcoin season, there is a notable shift in profits as investors reallocate their funds from Bitcoin to various altcoins, including those within the Shibarium ecosystem. Lucie notes that this redistribution of capital has the potential to drive - [FTX Refund Woes Persist as Creditor Deadline Extended](https://news.shib.io/2024/05/15/ftx-refund-woes-persist-as-creditor-deadline-extended/): FTX Digital Markets has opted to extend the deadline for creditors to submit proof of debt, offering them more time to navigate the claims process. Initially, creditors were mandated to submit their claims by a May 15 deadline, but they now have until the end of July or early August to do so, FTX told its customers and creditors in a letter. This extension grants creditors an additional 10-12 weeks to file claims within the Bahamas procedure. The move recognizes the complexity of gathering the necessary documentation and aims to facilitate a smoother claims submission process. FTX customers face a - [Is Vanguard’s Anti-Bitcoin ETF Stance Over? Hires BlackRock’s Global ETF Head Salim Ramji as CEO](https://news.shib.io/2024/05/15/is-vanguards-anti-bitcoin-etf-stance-over-hires-blackrocks-global-etf-head-salim-ramji-as-ceo/): Vanguard’s long-standing opposition to Bitcoin ETFs could be under review with the appointment of Salim Ramji, former head of BlackRock’s global ETF business, as its new CEO. The move has stirred speculation in the financial community about potential changes in Vanguard’s investment strategies. Ramji’s Background and Vanguard’s Legacy Vanguard’s board of directors announced on Tuesday that Salim Ramji will become the new CEO. Ramji, formerly the global head of ETFs and Index Investments at BlackRock, brings extensive experience in exchange-traded funds. He succeeds Tim Buckley starting July and is the first outsider to lead the firm, renowned for revolutionizing investing - [Shiba Inu Returns as Title Sponsor for Blockchain Futurist Conference, Canada's Largest Web3 Event](https://news.shib.io/2024/05/15/shiba-inu-returns-as-title-sponsor-for-blockchain-futurist-conference-canadas-largest-web3-event/): Shiba Inu is returning as a title sponsor for Canada’s leading Web3 events – the Blockchain Futurist Conference, ETHToronto, and the ETHWomen – slated for August 13-14, 2024, in Toronto. This marks Shiba Inu’s second consecutive year as a top sponsor, highlighting their continued commitment to the Web3 space. The team is offering free tickets to the Shib army including Shib projects, media outlets, influencers (KOLs), community groups, moderators, and fans. Shib Army and crypto fans may also get to hear from Shytoshi Kusama, the pseudonymous lead developer of the Shiba Inu team, virtually at the conference. Notably, the 2023 - [ShibaSwap Comes Home To Shibarium](https://news.shib.io/2024/05/15/exploring-the-latest-shibaswap-update-enter-shibarium/): ShibaSwap, the decentralized exchange (DEX) synonymous with the Shib ecosystem, has unveiled its most ambitious update yet: integration with Shibarium, a layer-2 solution designed to enhance scalability and reduce transaction costs. This development marks a pivotal moment for the Shib community, offering exciting opportunities for users to engage with DeFi in a more efficient and rewarding manner. One of the standout features of the latest ShibaSwap update is its dual-chain functionality. Previously operating solely on Ethereum, ShibaSwap is now expanding to operate on both Ethereum and Shibarium. This strategic move is set to revolutionize the Shib ecosystem by leveraging the - [ShibaSwap Revs Up](https://news.shib.io/2024/05/15/shibaswap-revs-up/): Read the latest edition of The Shib magazine here. - [SEC Considers Ethereum Classification as a Security for Spot ETF Approval](https://news.shib.io/2024/05/15/sec-considers-ethereum-classification-as-a-security-for-spot-etf-approval/): In a recent development within the cryptocurrency space, the U.S. Securities and Exchange Commission (SEC) has raised concerns regarding the classification of Ethereum (ETH) as a security in the context of spot ETF approval. ETF analyst Eric Balchunas highlighted the SEC’s scrutiny of ETH spot ETF filings, questioning whether these proposals have been properly categorized as commodities. Balchunas expressed skepticism about the likelihood of approval for ETH spot ETFs, suggesting that the odds remain slim to none. He commended lawyer Scott Johnsson for uncovering this detail, emphasizing the complexity and depth of legal considerations surrounding the issue. Johnsson underscored the - [Binance Pay Launches Dedicated Page for SHIB Payments: Expanding Opportunities for SHIB Holders](https://news.shib.io/2024/05/15/binance-pay-launches-dedicated-page-for-shib-payments-expanding-opportunities-for-shib-holders/): Binance Pay, the innovative cryptocurrency payment service from Binance, has recently unveiled a dedicated page to facilitate Shiba Inu (SHIB) payments, opening up a realm of new possibilities for SHIB holders. The standalone page aims to streamline the process of accepting SHIB payments, making it easier for businesses and individuals to transact with this popular token. Users can learn more about accepting SHIB via Binance Pay here. Shiba Inu’s integration into Binance Pay underscores the platform’s commitment to expanding the utility of cryptocurrencies in everyday transactions. Binance Pay enables seamless payments with over 80 tokens, including SHIB, offering users a - [Tether Freezes $5.2M USDt Associated with Banned Addresses](https://news.shib.io/2024/05/15/tether-freezes-5-2m-usdt-associated-with-banned-addresses/): Tether, the issuer behind the world’s largest stablecoin, USDt, has frozen approximately $5.2 million in USDt linked to 12 banned addresses. This action, reported by a crypto tracking and compliance account on X (formerly Twitter), highlights Tether’s ongoing efforts to maintain regulatory compliance and enhance security within the cryptocurrency space. On Tuesday, on-chain analytics firm MistTrack reported that Tether had just frozen the USDt across 12 addresses. These addresses are associated with “USDT Banned Address” tags identified by MistTrack. Law Enforcement Collaboration Tether CEO Paolo Ardoino, in a detailed post on X on Monday, explained how the stablecoin issuer blocked - [K9 Finance Announces Major Update, Hailing 'A Win for Decentralized Infrastructure on Shibarium'](https://news.shib.io/2024/05/14/k9-finance-announces-major-update-hailing-a-win-for-decentralized-infrastructure-on-shibarium/): K9 Finance has announced a significant update to its mobile liquid staking app, Bone Crusher, marking a major milestone in the enhancement of decentralized infrastructure on the Shibarium network.  The official X account of K9 Finance DAO announced Tuesday a major development update of its product Bone Crusher. The update, hailed by the team as “A win for decentralized infrastructure on Shibarium” to support Shiba Inu, now has its own administrative panel. K9 Finance revealed a significant product update that enhances the capabilities of its decentralized autonomous organization (DAO). This new administrative panel equips the DAO with the ability to - [What's Behind the ShibaSwap Update Veil? Shibarium Tech Moderator Offers Insights](https://news.shib.io/2024/05/14/whats-behind-the-shibaswap-update-veil-shibarium-tech-moderator-offers-insights/): In a recent tweet, Special, a Shibarium Tech moderator for Discord and Telegram, shed light on the project’s approach to releasing updates, specifically for the upcoming ShibaSwap update, particularly its integration into Shibarium. “In today’s world, premature information spreads quickly and trust is crucial,” Special said in a statement to The Shib Daily. “This is why reliable updates are essential for community safety and confidence.” As outlined in the tweet, the focus is on striking a balance between transparency and safeguarding the project’s future. The tweet outlines four key reasons why Shibarium prioritizes controlled information releases: First, releasing incomplete details can - [Bitcoin Miners Navigate Revenue Challenges Post-Halving Amid Hashrate Decline](https://news.shib.io/2024/05/14/bitcoin-miners-navigate-revenue-challenges-post-halving-amid-hashrate-decline/): In recent weeks, the Bitcoin network has experienced a notable decline in hashrate, reflecting a shift within the mining landscape as operators adapt to changing market dynamics. This decrease is attributed to miners switching off less profitable rigs after the fourth Bitcoin halving. The drop in hashrate, which bottomed out at a two-month low of 575 exahash per second (EH/s) on May 10 before rebounding to around 586 EH/s, according to blockchain.com data, highlights a critical juncture for Bitcoin mining operations. As older, less efficient mining rigs become economically unviable, companies are recalibrating their strategies to optimize profitability amid evolving - [Global Media Platform Highlights Shiba Inu Lead Developer Shytoshi Kusama and K9 Finance](https://news.shib.io/2024/05/14/global-media-platform-highlights-shiba-inu-lead-developer-shytoshi-kusama-and-k9-finance/): Shytoshi Kusama, the pseudonymous lead developer of the Shiba Inu cryptocurrency project and K9 Finance, the liquid staking derivative platform and the official partner of Shiba Inu, have been recently featured in the global media platform Fintech.TV.  This highlights the growing influence and recognition of both Kusama and K9 Finance in the rapidly evolving world of cryptocurrencies and decentralized finance. The short video, which runs for over a minute, initially discussed the crypto industry’s lobbying efforts reaching new heights in 2023 and continuing to gain momentum this year. With Coinbase and the Blockchain Association leading the charge, the sector’s lobbying - [The Crypto-Crime Connection: Unraveling the Complex Web of Illicit Activity in the Crypto World](https://news.shib.io/2024/05/14/the-crypto-crime-connection-unraveling-the-complex-web-of-illicit-activity-in-the-crypto-world/): The intersection of cryptocurrencies and criminal activity has long been a topic of debate and concern. As the crypto market continues to grow, so does the prevalence of illicit behavior within it. But just how big is the crypto-crime connection? Let’s delve into the facts and figures. Estimates of the scale of online crime linked to cryptocurrencies vary significantly. Some sources suggest that less than 1% of crypto activity is associated with illicit behavior, while others claim that up to 46% of transaction volumes are tainted. The truth likely lies somewhere in between. Factors Contributing to Uncertainty Anonymity: Cryptocurrencies thrive - [Shiba Inu Marketing Lead Unveils Essential Guide for Launching Projects on Shibarium](https://news.shib.io/2024/05/14/shiba-inu-marketing-lead-unveils-essential-guide-for-launching-projects-on-shibarium/): The marketing lead of Shiba Inu has unveiled an essential guide designed to assist developers and entrepreneurs in launching their projects on Shibarium, Shiba Inu’s layer-2 blockchain platform. The comprehensive guide covers critical aspects, such as integration processes, security protocols, and community engagement strategies, aiming to ensure seamless project launches and robust community support on Shibarium. Decentralized Nature of Shibarium In a recent post on the social media platform X (formerly Twitter), Shiba Inu marketing lead @LucieSHIB shared encouraging words for current and potential projects on Shibarium. She emphasized Shibarium’s decentralized nature, encouraging developers to build and succeed without seeking - [Ethereum Co-Founder Vitalik Buterin Proposes EIP-7706 to Tackle Rising Gas Fees](https://news.shib.io/2024/05/14/ethereum-co-founder-vitalik-buterin-proposes-eip-7706-to-tackle-rising-gas-fees/): Ethereum co-founder Vitalik Buterin has proposed an Ethereum Improvement Proposal (EIP) to enhance the network’s efficiency and reduce transaction costs. The proposal, known as EIP-7706, focuses on a new type of gas specifically designed for transaction calldata. The Ethereum network has been facing challenges with rising gas fees as its adoption continues to surge. High transaction costs have been a significant hurdle, impacting the network’s scalability and usability. Buterin’s proposal seeks to address this critical issue by introducing innovative solutions. EIP-7706 can introduce a new approach by creating a dedicated gas type for transaction calldata. Calldata encompasses the input data - [K9 Finance DAO Plans Major KNINE Token Burn to Honor Crypto Genius Vitalik Buterin](https://news.shib.io/2024/05/14/k9-finance-dao-plans-major-knine-token-burn-to-honor-crypto-genius-vitalik-buterin/): K9 Finance DAO, a decentralized autonomous organization, and the official liquid staking platform on Shiba Inu’s Shibarium has proposed a significant move to burn 410 million KNINE tokens in a bid to honor Ethereum co-founder and crypto genius Vitalik Buterin, the organization announced Tuesday. Honoring Vitalik  K9 Finance DAO has proposed burning 410 million KNINE tokens from its treasury, specifically from the marketing allocation, to honor Vitalik Buterin’s significant burn of 410 trillion SHIB tokens on May 16. This move aimed to celebrate SHIB’s history and encourage unity among SHIB-related projects. “K9 Finance DAO is proposing as the official liquid - [North Korean Hackers Deploy New Malware 'Durian' To Attack Cryptocurrency Firms](https://news.shib.io/2024/05/14/north-korean-hackers-deploy-new-malware-durian-to-attack-cryptocurrency-firms/): In a recent surge of cyber warfare targeting South Korean cryptocurrency firms, North Korean hackers have unleashed a new strain of malware dubbed “Durian,” designed to infiltrate and compromise the security of these companies. This alarming development comes amid rising concerns over North Korea’s aggressive pursuit of illicit funds through cybercrime. The cybersecurity firm Kaspersky issued a report detailing the deployment of Durian by a North Korean hacking group known as Kimsuky. The attacks leveraged legitimate security software used exclusively by South Korean crypto firms, underscoring the sophistication of the hackers’ tactics. Durian operates as a comprehensive backdoor, enabling the - [The Future of Crypto Regulation: Striking a Balance Between Innovation and Security](https://news.shib.io/2024/05/13/the-future-of-crypto-regulation-striking-a-balance-between-innovation-and-security/): Cryptocurrency regulation is at a critical juncture, with governments worldwide grappling to find the right balance between fostering innovation and ensuring consumer protection. As digital currencies gain prominence, regulatory frameworks are evolving rapidly. Here’s a comprehensive overview of recent developments. International Efforts and Challenges Despite the absence of coordinated global regulation, international bodies like the Financial Stability Board (FSB) have been assessing risks and policy responses to the rise of cryptocurrencies. The lack of uniformity poses challenges, but it also allows for diverse approaches tailored to each country’s context. US Legislative Landscape In 2023, the U.S. made significant strides toward - [Tutti Frutti Women Launches Ebook as NFT on Shibarium](https://news.shib.io/2024/05/13/tutti-frutti-women-launches-ebook-as-nft-on-shibarium/): Tutti Frutti Women (TFW) is set to make waves in the digital realm with the launch of its ebook as an NFT on Shibarium, offering a distinctive fusion of empowerment and philanthropy.  Founded by Andreia, a visionary entrepreneur, TFW aims to inspire and support individuals on their journey to triumph over adversity. In an exclusive interview with The Shib Daily, Andreia shared insights into the decision to embrace the NFT format. “We decided to launch the ebook as an NFT to give a fun, easy, and unique experience to the community,” she explained. “And of course, we did it on - [ShibaSwap’s Integration into Shibarium Marks a Significant Milestone in Decentralized Trading](https://news.shib.io/2024/05/13/shibaswaps-integration-into-shibarium-marks-a-significant-milestone-in-decentralized-trading/): ShibaSwap, a prominent decentralized exchange (DEX) within the Shib ecosystem, is poised to redefine the landscape of decentralized trading by being integrated into Shibarium, Shiba Inu’s layer-2 scaling solution. This strategic move aims to enhance transaction speed, reduce costs, and bolster security, thereby revolutionizing the trading experience for its users. Emphasized via a tweet from Shiba Inu’s marketing lead, the integration of Shibarium brings forth a plethora of benefits for traders. Firstly, Shibarium’s layer 2 technology ensures lightning-fast transaction confirmations, facilitating smoother and more efficient trading activities. Moreover, it significantly slashes transaction costs, bidding farewell to the era of hefty - [Chinese Authorities Crack Down on $300 Million Crypto Fraud Ring](https://news.shib.io/2024/05/13/chinese-authorities-crack-down-on-300-million-crypto-fraud-ring/): Chinese authorities have apprehended six suspects involved in a sophisticated cryptocurrency fraud operation amounting to 2.94 billion yuan, equivalent to approximately $300 million. The suspects were arrested by The Public Security Bureau of Panshi in Jilin province, Northeast China, following an intensive investigation into their illicit activities. The suspects allegedly operated an underground bank that exploited the anonymity and decentralized nature of cryptocurrencies to conduct illegal foreign exchange operations between the Chinese yuan and the South Korean won. This illicit scheme targeted unsuspecting investors, deceiving them during the exchange process and subsequently absconding with their funds. Law enforcement became aware - [Beware: Scammers Target Shiba Inu Marketing Lead, Impersonate X Account in Fraudulent Scheme](https://news.shib.io/2024/05/13/beware-scammers-target-shiba-inu-marketing-lead-impersonate-x-account-in-fraudulent-scheme/): Malicious actors have singled out the marketing lead of Shiba Inu, targeting @LucieSHIB, an X account associated with the project’s executive. Employing deceptive tactics, they pose as integral figures within the crypto community. This alarming scheme not only underscores the pervasive threat posed by such actors but also highlights the vulnerability of individuals central to prominent projects like Shiba Inu within the crypto space. The latest fraudulent scheme was revealed by the X account @susbarium, dedicated to exposing scams and protecting the crypto community. In its latest post, the account warned the community of a fake account impersonating the Shiba - [Kraken Challenges SEC Claims, Warns of Potential Upheaval in US Financial Regulation](https://news.shib.io/2024/05/13/kraken-challenges-sec-claims-warns-of-potential-upheaval-in-us-financial-regulation/): Cryptocurrency exchange Kraken, in a bold legal maneuver, has formally contested the Securities and Exchange Commission’s (SEC) allegations, seeking dismissal to avert what it terms a looming “upheaval” in the framework of U.S. financial regulation. This strategic challenge not only underscores Kraken’s determination to defend its position but also raises significant questions about the future trajectory of cryptocurrency oversight in the United States, signaling a potential watershed moment in the evolving relationship between regulatory authorities and the growing crypto industry. In the latest legal development on the case filed by the SEC against Kraken, the crypto exchange’s legal team mounted - [Tether CEO Rebukes Ripple's Garlinghouse as 'Uninformed CEO' Over Claim of US Government 'Going After' USDT](https://news.shib.io/2024/05/13/tether-ceo-rebukes-ripples-garlinghouse-as-uninformed-ceo-over-claim-of-us-government-going-after-usdt/): In a swift response to Ripple CEO Brad Garlinghouse’s assertion of the U.S. government’s scrutiny toward the world’s largest stablecoin, Tether (USDT), Paolo Ardoino, Tether’s CEO, didn’t hold back. Ardoino sharply rebuked Garlinghouse, labeling him an “uninformed CEO” of a company currently under investigation by the SEC and suggested that Garlinghouse’s remarks were spreading fear about USDT.  In a comprehensive post on the social media platform X (formerly Twitter), Tether’s CEO fired back at Ripple’s CEO’s assertions regarding U.S. government scrutiny of Tether. Ardoino labeled Garlinghouse’s statement as “spreading fear about USDt” and called it “Cui prodest”—a Latin phrase that - [Relentless Shibarium Surge: BONE Transaction Fees See Triple-Digit Increase Following Blockchain Update](https://news.shib.io/2024/05/13/relentless-shibarium-surge-bone-transaction-fees-see-triple-digit-increase-following-blockchain-update/): Shibarium, Shiba Inu’s layer-2 blockchain, witnessed an extraordinary surge in transaction fees, marking a staggering triple-digit increase of 267% within the past 24 hours. According to the latest data from Shibariumscan, there has been a notable spike in gas commissions paid in BONE, the official gas fee token, with transaction fees soaring from 11.57 BONE to a total of 30.98 BONE. This uptick reflects a burgeoning momentum within the Shib community and underscores Shibarium’s pivotal role as a hub of heightened transactional engagement. The unprecedented surge in transaction fees on Shibarium likely reflects a confluence of factors within the Shib - [Shib Army Alert: Beware of Fake KNINE Token Airdrops Circulating Online](https://news.shib.io/2024/05/13/shib-army-alert-beware-of-fake-knine-token-airdrops-circulating-online/): The crypto community, particularly the Shib Army, is being cautioned against engaging with fraudulent KNINE token airdrops currently circulating on Twitter and other online platforms. These deceptive offers, promising free tokens to unsuspecting users, usually aim to phish personal information and compromise digital wallets. As K9 Finance achieves a significant milestone by becoming a validator on Shiba Inu’s layer-2 scalability solution, Shibarium, opportunistic cybercriminals are capitalizing on the occasion. On Sunday, the watchdog X account @susbarium, which plays a critical role in exposing scams and protecting the cryptocurrency community, issued an urgent warning to its followers about a deceitful tactic - [K9 Finance Announces Major Development Update on Shibarium](https://news.shib.io/2024/05/12/k9-finance-announces-major-development-update-on-shibarium/): Following its recent whitelisting on PuppyNet, K9 Finance DAO’s latest announcement stirs anticipation as its validator goes live on the platform. This landmark development signifies a crucial stride in the collaboration between K9 Finance DAO and Shibarium, setting the stage for heightened anticipation and enthusiasm among crypto enthusiasts worldwide. The latest milestone emerged from the official X (formerly Twitter) account of K9 Finance DAO, which announced Sunday the activation of its validator on PuppyNet, Shibarium’s TestNet version. Tangible Benefits of K9 Finance’s Validator Role Becoming a validator on Shibarium presents a host of advantages for K9 Finance. Firstly, it provides - [Shib Army on Alert After Lead Developer's Surprise Visit to Original BONE Telegram Account](https://news.shib.io/2024/05/12/shib-army-on-alert-after-lead-developers-surprise-visit-to-original-bone-telegram-account/): The Shib Army stands vigilant as whispers ripple through the community following a surprise visit by the lead developer to the original BONE Telegram account. The unexpected appearance has ignited speculation among Shib enthusiasts, signaling potential shifts in the project’s trajectory and leaving members all ears Cryptic Posts Stir Community Speculation The Shib Army finds itself in a sense of sharpened anticipation after one of its original members, @Sand_ShibArmy, revealed a surprising development: Shiba Inu’s lead developer Shytoshi Kusama made an unexpected visit to one of the oldest BONE community accounts on Telegram. Following this visit, Kusama’s cryptic messages — - [Shiba Inu: Silver Sponsor at Block World Tour 2024, 20 Tickets Up for Grabs!](https://news.shib.io/2024/05/12/shiba-inu-silver-sponsor-at-block-world-tour-2024-20-tickets-up-for-grabs/): The official Shiba Inu Hispanic account has just unveiled an exclusive giveaway, offering 20 coveted tickets to the upcoming Block World Tour 2024 in Granada, Spain. As a prominent sponsor of one of Europe’s largest blockchain events, Shiba Inu is set to make waves and demonstrate its commitment to advancing the industry.  Tickets Giveaway The official Shiba Inu Hispanic account recently unveiled an exciting opportunity for enthusiasts within the Shiba Inu community. With anticipation building for the Blockworldtour event in Granada, Spain, the account announced its participation and, in a gesture of excitement, revealed plans to distribute 20 exclusive tickets - [Beyond Meme: Shiba Inu Unlocks New Avenues, Can Now be Used for AirBnb, STEAM, More](https://news.shib.io/2024/05/11/beyond-meme-shiba-inu-unlocks-new-avenues-can-now-be-used-for-airbnb-steam-more/): Shiba Inu (SHIB) has transcended its meme coin status to carve out a substantial role in the real-world economy. Supported on both the Polygon and Binance Smart Chain networks, SHIB has been integrated into daily transactions, enabling users to book Airbnb stays, purchase the latest video games from Steam, and indulge in shopping sprees at major retailers like Nike and Zalando. CoinGate Champions Shiba Inu’s Integration CoinGate, a prominent blockchain payment gateway, has been instrumental in this expansion. By facilitating SHIB transactions on the Binance Smart Chain and Polygon networks, CoinGate has significantly broadened the cryptocurrency’s applicability. This development was - [ARK 21SHARES' Latest Move On Spot Ethereum ETF Could Be 'A Hail Mary'](https://news.shib.io/2024/05/11/ark-21shares-latest-move-on-spot-ethereum-etf-could-be-a-hail-mary/): The unfolding events surrounding ARK and 21Shares’ spot Ethereum ETF application have drawn attention, with one ETF analyst describing the recent development as a potential “Hail Mary” move. This characterization reflects the significance and uncertainty surrounding the application’s progress in a regulatory landscape marked by complexities and evolving standards. Strategic Shift in ETF Proposal ARK 21SHARES filed an updated Ethereum Exchange-Traded Fund (ETF) S-1 form, marking a significant revision by eliminating the staking feature from its initial proposal and viewed as a strategic move to align with regulatory requirements. This decision underscores the company’s commitment to navigating the evolving landscape - [JP Morgan’s Bitcoin Paradox: ETF Investment Contrasts with Executive Skepticism](https://news.shib.io/2024/05/11/jp-morgans-bitcoin-paradox-etf-investment-contrasts-with-executive-skepticism/): Despite its CEO’s vocal skepticism about Bitcoin, JP Morgan, America’s largest bank, has taken a contrasting step by investing in a spot Bitcoin ETF, highlighting a growing divide between executive sentiment and the bank’s financial actions. This investment, marking a significant shift in the bank’s approach to cryptocurrency, positions the bank at the forefront of traditional financial institutions grappling with the rising influence of digital assets. CEO’s Bitcoin Stance JP Morgan CEO Jamie Dimon has long been a vocal critic of Bitcoin, often sparking widespread discussions with his brutal assessments. He has described Bitcoin, the world’s leading cryptocurrency by market - [Indian Crypto Credibility Boosted as Binance and KuCoin Win Registration Amid Regulatory Shift](https://news.shib.io/2024/05/11/indian-crypto-credibility-boosted-as-binance-and-kucoin-win-registration-amid-regulatory-shift/): The cryptocurrency landscape in India underwent a major shift, with Binance and KuCoin securing registration with the country’s Financial Intelligence Unit (FIU-IND), marking a pivotal moment following their ban of alleged illegal operations last year. The move comes as part of a broader regulatory shift and highlights a growing trend toward the legitimization of offshore crypto exchanges within India’s financial framework. Both Binance, the world’s largest cryptocurrency exchange, and KuCoin, after paying a penalty of $41,000, have taken strides toward compliance by obtaining registration with the FIU-IND. The FIU-IND’s engagement with 48 registered crypto entities signifies a step toward fostering - [The Weekly Meme Digest - May 11, 2024](https://news.shib.io/2024/05/11/the-weekly-meme-digest-2/): This weekend’s edition is proudly presented by the newly hard-forked Shibarium, the cutting-edge layer-2 scalability solution of the Shiba Ecosystem! 🚀💫 Hey there, fellow Shibizens and crypto-curious minds! 🌟 Welcome back to your Weekly Meme Digest, where the excitement rivals the market’s ups and downs, and our jokes flow faster than Ethereum on a bullish streak! 🚀 Did you catch our inaugural blast-off last weekend? We hope it left you rolling on the floor laughing and scratching your head at the same time! 😂🤯 Get ready to LOL, WTF, and maybe even OMG with our latest collection of crypto comedy - [Dorsey Gazes into His Crystal Ball - And Sees Bitcoin Hitting a Million Dollars by 2030!](https://news.shib.io/2024/05/11/dorsey-gazes-into-his-crystal-ball-and-sees-bitcoin-hitting-a-million-dollars-by-2030/): Twitter co-founder Jack Dorsey has donned his crystal ball and made a bold prediction: Bitcoin will be worth at least a million dollars by 2030. As the crypto world collectively raised an eyebrow, Dorsey confidently declared, “I don’t know. Over … at least a million. I do think it hits that number and goes beyond.” 🚀 In a recent interview, Dorsey spilled the digital beans. But it’s not just about the Benjamins (or Satoshis, in this case). Dorsey waxed poetic about the collaborative magic of the Bitcoin ecosystem. According to him, anyone who contributes to making Bitcoin better—whether by working - [FTX Fraud Victims Catch a Wave: To Recover Lost Funds - with Added Interest!](https://news.shib.io/2024/05/11/ftx-fraud-victims-catch-a-wave-surfing-their-way-to-recover-funds-now-with-added-interest/): Bankruptcy lawyers representing victims of the dramatic cryptocurrency exchange implosion at FTX just 17 months ago have now announced that the vast majority of victims will indeed receive their money back — and then some! 🚀 The saga began when FTX co-founder and former CEO Sam Bankman-Fried (SBF) was found guilty on seven counts related to fraud, conspiracy, and money laundering. A staggering $8 billion of customer funds had gone missing, leaving investors in despair. SBF was slapped with a 25-year prison sentence and ordered to pay a jaw-dropping $11 billion in forfeiture. His appeal, filed last month, could drag - [Unveiling the Elite Squad: The Top 5 Crypto Degen Nations!](https://news.shib.io/2024/05/11/unveiling-the-elite-squad-the-top-5-crypto-degen-nations/): In the past 10 years, cryptocurrency has gone from being a mysterious asset to a craze-worthy investment everywhere. ₿ 🤑 But here are the top 10 crypto degens by country, according to CoinGecko! 🌎💸 1. United States – Welcome to the United States of Crypto. Bitcoin has become the latest obsession of the masses. Forget about Kim Kardashian; Google users in the U.S. are now searching for Bitcoin like it’s the hottest celebrity gossip. 📰 Americans just can’t get enough of this digital gold. 💰 2. United Kingdom – The U.K. is no stranger to the world of crypto assets, - [Bitcoin: Is It a Satoshi Dream or a Saylor Scheme?](https://news.shib.io/2024/05/11/bitcoin-is-it-a-satoshi-dream-or-a-saylor-scheme/): Hold onto your digital wallets, folks, because MicroStrategy is on a Bitcoin buying binge that makes Black Friday look like a leisurely stroll through the park! 🛒🚀 Under the valiant leadership of Michael Saylor, the fearless Bitcoin evangelist, MicroStrategy has amassed a king’s ransom in Bitcoin—214,400 BTC, to be exact. That’s more than the BTC troves of the United States, China, and the U.K. Talk about having more Bitcoin than a crypto pirate on the high seas! Last week, Saylor was spewing some serious shade at Ethereum and the altcoin ensemble, calling them the B-list celebrities of the crypto world. - [US SEC Crypto Carnival Hits Overdrive!](https://news.shib.io/2024/05/11/us-sec-crypto-carnival-hits-overdrive/): Oh, the times are a-changin’ in the wild west of cryptocurrencies, but it seems the sheriffs at the SEC just can’t let Robinhood ride off into the sunset without a little drama. Yep, folks, gather ’round, because Robinhood has just been handed a shiny new Wells Notice—like a party invitation nobody really wants 🎉. Welcome to the club, Robinhood! You’re now officially on the growing list of the SEC’s crypto soiree alongside stars like Coinbase, Kraken, Uniswap, and MetaMask. Let’s roll out the red carpet, shall we? 🚀 Now, with all those Wells Notices flying around like confetti at a - [Meme Sparks Humorous Take on Bitcoin Fervor: “You are Pre-Rich”](https://news.shib.io/2024/05/10/meme-sparks-humorous-take-on-bitcoin-fervor-you-are-pre-rich/): The meme features a fictional image of a man standing in front of a mirror, his reflection showing him enthusiastically declaring, “You are not poor, you are pre-rich,” after going all in on Bitcoin. Shared across social media platforms, the meme has quickly gained traction, resonating with both crypto enthusiasts and casual observers alike. It humorously encapsulates the mix of excitement and uncertainty that often accompanies forays into the world of cryptocurrencies. The image of the man talking to himself in the mirror reflects the internal dialogue many investors experience as they grapple with the volatility of cryptocurrency markets. Despite - [SEC's Gensler Highlights Disclosure Failures in Crypto, Ethereum Co-Founder Accuses Regulators of Stifling Innovation](https://news.shib.io/2024/05/10/secs-gensler-highlights-disclosure-failures-in-crypto-ethereum-co-founder-accuses-regulators-of-stifling-innovation/): U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler criticized the cryptocurrency industry this Tuesday, claiming a widespread lack of essential disclosures and stating that investors are not receiving the information legally owed to them, sparking concerns amid heightened regulatory scrutiny. Addressing the industry following a Wells Notice issued to Robinhood’s crypto arm, Gensler emphasized the widespread failure in providing crucial information to investors. He stated, “The field of crypto assets, many of those tokens are securities under the law of the land as interpreted by the U.S. Supreme Court. So we follow that law, and you, the investors, are - [EU Securities Watchdog Dives into Digital Assets Debate: To Crypto or Not to Crypto in Investment Products?](https://news.shib.io/2024/05/10/eu-securities-watchdog-dives-into-digital-assets-debate-to-crypto-or-not-to-crypto-in-investment-products/): The European Securities and Markets Authority (ESMA), the securities watchdog of the European Union (EU), has initiated a call for input from stakeholders regarding the potential inclusion of crypto assets in investment products.  This move could significantly broaden the scope of investment opportunities within the EU and potentially open up a vast market for cryptocurrencies. ESMA’s call for input aims to expand the assets eligible for Undertakings for Collective Investment in Transferable Securities (UCITS), a market currently valued at €12 trillion. If approved, this inclusion would offer broader access to cryptocurrencies within the EU’s UCITS framework. In the United States, - [Why Was BONE Created? Shib Army Lucie Explains](https://news.shib.io/2024/05/10/shib-army-lucie-explains-why-bone-was-created/): Shib Army Lucie has taken to X (formerly Twitter) to explain the major reasons behind the creation of BONE, the governance token of the Shib ecosystem. The X post is part of an ongoing effort to educate the community about the roles of all Shib ecosystem tokens. Here’s Why BONE Was Created Lucie said BONE was initially created as a reward token for SHIB holders. It essentially provides incentives for people who hold onto SHIB, the primary token of the Shiba Inu ecosystem. However, she pointed out that the motive behind BONE’s creation was later modified to include other functions. - [EigenLayer's EIGEN Token Airdrop Sparks Controversy and Global Debate](https://news.shib.io/2024/05/10/eigenlayers-eigen-token-airdrop-sparks-controversy-and-global-debate/): EigenLayer, a DeFi protocol, is gearing up for what could be the most-anticipated token airdrop of the year. However, the excitement is tempered by controversy, as restrictions exclude potential customers from major jurisdictions like the U.S. and China. EigenLayer, developed by Seattle-based Eigen Labs with significant backing from a16z Crypto, has seen staggering growth, accumulating $14 billion in assets since its soft launch in 2023. The project offers restaking services on the Ethereum blockchain, promising amplified returns for staking Ether coins. The focal point of this excitement is EigenLayer’s forthcoming distribution of its native token, EIGEN, via an airdrop set - ['Considerably Thinner' SBF Reflects on FTX, Sees $80B Empire if He had Remained at the Helm](https://news.shib.io/2024/05/10/considerably-thinner-sbf-reflects-on-ftx-sees-80b-empire-if-he-had-remained-at-the-helm/): Sam Bankman-Fried, the controversial crypto tycoon recently convicted and sentenced to 25 years in prison for fraud, has expressed deep regret regarding several of his decisions. One of his major regrets is stepping down from his position as the leader of the crypto giant FTX. He said had he remained at the helm, FTX could have evolved into a flourishing company with a valuation of $80 billion. Facilitated by William Cohan of Puck News and arranged by his mother, Barbara Fried, an American lawyer and professor emeritus at Stanford Law School, this exclusive conversation provided a rare glimpse into Bankman-Fried’s - [Hong Kong SFC Seeks Feedback on Licensing Regime for Crypto OTC Services](https://news.shib.io/2024/09/13/hong-kong-sfc-seeks-feedback-on-licensing-regime-for-crypto-otc-services/): The Hong Kong Securities and Futures Commission (SFC) is seeking opinions from industry participants on a proposed licensing regime for cryptocurrency over-the-counter (OTC) services.  The new framework would involve both the SFC and the Customs and Excise Department (C&ED) overseeing companies that provide OTC trading services.  A report from the South China Morning Post highlighted initial plans for the C&ED to solely manage the regulations and licensing for OTC services, as outlined in a proposal made public in February. OTC trading services allow users to buy and sell cryptocurrencies privately, often facilitating direct high-volume transactions between parties outside traditional exchanges. - [The Future of Blockchain Scalability: ZK-Rollups and Buterin’s ‘Era of Cryptographic Trust’](https://news.shib.io/2024/09/13/the-future-of-blockchain-scalability-zk-rollups-and-buterins-era-of-cryptographic-trust/): Envisioning the future of blockchain, Layer 2 (L2) solutions in the form of zero-knowledge rollups (ZK-rollups) are a promising innovation and a major step forward for a more efficient ecosystem. These protocols aim to alleviate the computational and storage burdens on-chain by utilizing off-chain networks. This results in enhanced blockchain scalability, faster transaction speeds, and lower costs. Vitalik Buterin’s New Benchmark for Rollups The Shib Daily previously reported that Ethereum co-founder Vitalik Buterin shared his intention on social media platform X to make public mentions of L2s that are “stage 1+” starting next year. Pointing to a post he published - [Shibarium Garners Praise for Robust Security Measures Amid Rising Blockchain Threats](https://news.shib.io/2024/09/13/shibarium-garners-praise-for-robust-security-measures-amid-rising-blockchain-threats/): Shibarium, the Layer-2 solution for the Shiba Inu crypto project, is making waves not just for its promise of scalability and reduced transaction fees but also for its comprehensive security architecture. As the blockchain industry faces escalating threats, a recent spotlight on Shibarium’s multi-layered security measures highlights its commitment to safeguarding user assets and providing a secure environment for decentralized applications. NOWNodes, a prominent blockchain infrastructure provider, recently published a blog post commending Shiba Inu’s layer-2 blockchain’s robust security architecture. The firm emphasized that Shibarium “integrates multiple security mechanisms to ensure that Shibarium is secure for both users and developers.” - [MicroStrategy Bitcoin Bet Yields Double-Digit Returns Amid Market Uncertainty](https://news.shib.io/2024/09/13/microstrategy-bitcoin-bet-yields-double-digit-returns-amid-market-uncertainty/): While other cryptocurrencies fluctuate and regulatory scrutiny intensifies, MicroStrategy, the business intelligence firm led by Bitcoin evangelist Michael Saylor, remains steadfast in its conviction. The firm announced Friday the acquisition of another 18,300 Bitcoins worth approximately $1.11 billion — further solidifying its position as the largest publicly traded corporate holder of the digital asset. In its Form 8-K filing with the United States Securities and Exchange Commission (SEC), MicroStrategy said that the purchase was worth $1.11 billion for an average price of $60,408 per Bitcoin, including expenses and fees. The company has been consistently expanding its Bitcoin holdings since its first purchase in - [Vitalik Buterin Calls for Greater Decentralization of Layer-2 Networks](https://news.shib.io/2024/09/13/vitalik-buterin-calls-for-greater-decentralization-of-layer-2-networks/): Ethereum co-founder Vitalik Buterin has announced that he will limit his public references to layer-2 networks that are not decentralized enough.  In a post on X yesterday, Buterin wrote, “Starting next year, I plan to only publicly mention (in blogs, talks, etc) L2s that are stage 1+,” referring to the minimum standard set in his 2022 framework for classifying rollups based on their level of decentralization. He added, “It doesn’t matter if I invested, or if you’re my friend; stage 1 or bust.” This move aims to push layer-2 projects to advance beyond what he describes as “training wheels,” which - [Shiba Inu Faces Potential 480% Surge As It Breaks Out This Key Metric](https://news.shib.io/2024/09/13/shiba-inu-faces-potential-480-surge-as-it-breaks-out-this-key-metric/): Shiba Inu (SHIB) is showing signs of renewed life. A recent breakout from a falling wedge pattern, a bullish technical indicator, has ignited speculation of a significant price surge, potentially exceeding 480%. Crypto analyst JAVONMARKS (@JavonTM1 on X) told their over 42,000 followers on the micro-blogging site that the breakout in the falling wedge could propel SHIB towards its target of $0.000081, representing a potential gain of over 480% from its current price. A Bullish Shiba Inu Signal A falling wedge is a technical chart pattern characterized by converging trendlines that slope downwards, forming a wedge-like shape. A breakout above - [UK Court Recognizes Tether (USDT) as Legal Property in Landmark Ruling](https://news.shib.io/2024/09/13/uk-court-recognizes-tether-usdt-as-legal-property-in-landmark-ruling/): The UK High Court passed a ruling on Thursday declaring that stablecoin Tether (USDT) is now recognized legally as property under English law.  This decision comes just a day after the UK introduced a new bill recognizing crypto and other digital assets as personal property in England and Wales. This was partly triggered by a recent case involving a fraud victim whose cryptocurrencies, including Tether, were stolen. His cryptos were transferred through various exchanges after they were laundered via crypto mixers. The UK government introduced the Property Bill on Wednesday, counting digital assets such as cryptocurrencies, non-fungible tokens (NFTs), and carbon - [Trump to Launch World Liberty Financial, Calls Big Banks 'Slow and Outdated'](https://news.shib.io/2024/09/13/trump-to-launch-world-liberty-financial-calls-big-banks-slow-and-outdated/): Republican presidential candidate Donald Trump announced the launch of his new crypto platform World Liberty Financial on Friday.  Through a video posted on X, the former U.S. President shared plans to go live on Twitter Spaces at 8 pm EST on September 16 where the official launch will happen. Trump started off as a critic of crypto to eventually become a great advocate over the years. “We are embracing the future with crypto and leaving the slow and outdated big banks behind,” he said. .@WorldLibertyFi pic.twitter.com/rHEGQXl4jL — Donald J. Trump (@realDonaldTrump) September 12, 2024 He has also been speaking critically of - [Is Shibarium Ready to Soar? Revolutionary Bor & Cancun Upgrades Arrive](https://news.shib.io/2024/09/13/holdshibarium-puppynet-gets-a-power-boost-with-bor-upgrade-and-cancun-hard-fork/): Shibarium, the Layer-2 scaling solution for the Shiba Inu ecosystem, is poised for a significant upgrade, impacting performance, security and scalability.  The Puppynet test network is undergoing a crucial transformation with the Bor upgrade to version 1.3.7-bone-beta and the implementation of the Cancun hard fork. These enhancements, scheduled to take effect at 02:30 a.m. ET Friday, promised to bolster the network’s performance, security, and overall efficiency, paving the way for a smoother and more robust user experience. Bringing  Ethereum’s Best Practices to Shibarium The Bor upgrade and Cancun hard fork represent a concerted effort by the Shiba Inu development team - [Price Spike Imminent? BONE Supply Scarcity Looms As Diamond Hands Tighten Grip](https://news.shib.io/2024/09/13/bone-price-spike-imminent-supply-scarcity-looms-as-diamond-hands-tighten-grip/): A subtle but significant shift is underway in the Shiba Inu ecosystem. Investors, increasingly adopting a “diamond hands” strategy, are holding onto their BONE tokens, shrinking the available supply and potentially setting the stage for a price surge. BONE Holders Dig In The number of BONE traders has decreased significantly over the past week. Just 1.15% of holders are now actively trading, down from 1.8% a week ago. This indicates a growing preference for long-term holding, effectively removing tokens from circulation. With a fixed maximum supply of 249,999,401.82 BONE, this reduced trading activity is creating scarcity. Basic economics suggests that - [Tennessee Rep. John Rose Proposes New Bill for Joint Crypto Advisory Committee](https://news.shib.io/2024/09/13/tennessee-rep-john-rose-proposes-new-bill-for-joint-crypto-advisory-committee/): Tennessee Congressman John Rose has introduced the “BRIDGE Digital Assets Act,” proposing the creation of a joint digital asset advisory committee between the U.S. Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). The bill aims to harmonize regulations for digital assets, which have faced varying interpretations by the two regulatory bodies. Also, the proposed committee would consist of 20 private sector members, including digital asset issuers, academic researchers, and users. The purpose of this committee, according to Rose, would be to provide both agencies with guidance on their respective rules, regulations, and policies related to digital - [OpenAI Unveils New AI Series with Advanced Reasoning Capabilities](https://news.shib.io/2024/09/13/openai-unveils-new-ai-series-with-advanced-reasoning-capabilities/): OpenAI, the parent company of popular generative AI platform ChatGPT, has announced its major product release. It runs with the codename Strawberry and is officially called OpenAI o1. As of now, the variations available are o1-preview and o1-mini.  Announced on Thursday, these models’ functionality is comparable to that of a human’s, as noted by the product makers. They have better thinking capabilities, equipped with training that helps them learn to enhance their cognitive skills, explore various strategies, and identify their mistakes. “In our tests, the next model update performs similarly to PhD students on challenging benchmark tasks in physics, chemistry, - [Gary Gensler Under Scrutiny by House Republicans Over Alleged Hiring Bias](https://news.shib.io/2024/09/13/gary-gensler-under-scrutiny-by-house-republicans-over-alleged-hiring-bias/): U.S. House Republicans have initiated an investigation into U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler, alleging that the agency may be favoring candidates based on political affiliations during their hiring process. Lawmakers claim this practice could be in violation of federal law, specifically the Civil Service Reform Act of 1978. On Tuesday, Republican lawmakers Jim Jordan, Patrick McHenry, and James Comer sent a letter to Democrat Gensler, accusing him of hiring “individuals from left-leaning organizations to fill senior roles at the SEC.”  The lawmakers cited email correspondence from May 2021, claiming it shows that Gensler’s decision to hire - [Crypto Daily Recap: Thursday](https://news.shib.io/2024/09/13/crypto-daily-recap-thursday/): Thursday proved to be another eventful day in the ever-evolving world of crypto and blockchain technology, with headlines ranging from legislative milestones to regulatory crackdowns and the continued rise of stablecoins. The global landscape is shifting, with governments grappling with the implications of digital assets and the technology that underpins them. UK, Brazil Shape Crypto Future, Singapore Paves the Way The United Kingdom took a significant step towards legitimizing the crypto space by introducing a bill that recognizes digital assets as personal property. This landmark move, echoing similar sentiments expressed in other jurisdictions, lays the groundwork for a future where - [Google AI Model Faces Scrutiny as Data Protection Commission Questions Compliance](https://news.shib.io/2024/09/12/google-ai-model-faces-scrutiny-as-data-protection-commission-questions-compliance/): The Data Protection Commission (DPC) announced Thursday that it has initiated a cross-border statutory inquiry into Google Ireland Limited due to concerns about the latter’s compliance with European data protection laws.  As per a press statement, the investigation focuses on whether Google conducted a Data Protection Impact Assessment (DPIA). The expectation is that Google should have complied with the guidelines before processing the personal data of EU and European Economic Area (EEA) citizens during the development of its artificial intelligence (AI) model, Pathways Language Model 2 (PaLM 2). The DPC stressed the importance of DPIA, as it is a key - [UK Introduces Bill Recognizing Digital Assets as Personal Property](https://news.shib.io/2024/09/12/uk-introduces-bill-recognizing-digital-assets-as-personal-property/): The United Kingdom has introduced a new bill that recognizes crypto and other digital assets as personal property, according to a press release. The Property (Digital Assets, etc.) Bill recognizes digital assets, such as cryptocurrency, non-fungible tokens (NFTs), and carbon credits, as personal property. The release, published on Wednesday, says this will be the first time these digital assets will fall under the protection of English and Welsh property law.  Prior to this, digital assets were not recognized as property under the laws of England and Wales. This would often leave owners in a legal grey area if their assets were - [US Senators Push for Investigation into Generative AI Over Antitrust Concerns](https://news.shib.io/2024/09/12/us-senators-push-for-investigation-into-generative-ai-over-antitrust-concerns/): U.S. Senators, led by Amy Klobuchar, have formally asked the Department of Justice (DOJ) and the Federal Trade Commission (FTC) to examine generative AI tools used by major tech companies like Google and Meta for potential antitrust violations. In a letter addressed to FTC Chair Lina Khan and Assistant Attorney General Jonathan Kanter, the senators argued that such AI tools may misuse content created by third parties, such as journalists, without providing compensation. They expressed concerns about how these tools reproduce online content without directing users to the original sources. The letter states that the AI software incorporated into search - [Brazil Launches Operation Niflheim to Crack Down on Cryptocurrency Tax Evasion and Money Laundering](https://news.shib.io/2024/09/12/brazil-launches-operation-niflheim-to-crack-down-on-cryptocurrency-tax-evasion-and-money-laundering/): The Federal Revenue Service is collaborating with the Brazilian Federal Police to launch a campaign to carry out investigations on tax crimes linked to cryptocurrency transactions in Brazil.  Operation Niflheim is a joint initiative aimed at investigating illegal financial activities, tax evasion, and the use of hidden strategies by those involved in suspicious or unauthorized transactions.  The authorities have, so far, served 23 search warrants in Brazil across four major cities: Caxias do Sul (RS), São Paulo (SP), Fortaleza (CE), and Brasília (DF). A Caxias do Sul-based company that moved over R$19 billion (approx. $3.4 billion) between August 2019 and - [K9 Finance Announces Mainnet Launch with Multi-Chain Liquid Staking Platform](https://news.shib.io/2024/09/12/k9-finance-announces-mainnet-launch-with-multi-chain-liquid-staking-platform/): K9 Finance, Shiba Inu’s liquid staking partner, has reminded everyone through its X account that the Mainnet launch is just seven days away. On its X post, K9 shared that its liquid staking platform will be enabled on both the Ethereum and Shibarium networks. Through this move, K9 aims to strengthen its presence as the first on the Shibarium, allowing users to leverage the power of $BONE tokens on Ethereum. Users can then simultaneously tap into the new opportunities provided on the network.  🚀 7 DAYS UNTIL K9 MAINNET LAUNCH! 🚀 🎉Today's Highlight: Multi-Chain Functionality! 🎉 The K9 Liquid Staking Platform - [Stablecoin Payments in Singapore Hit Record High in Q2, Approaching $1 Billion](https://news.shib.io/2024/09/12/stablecoin-payments-in-singapore-hit-record-high-in-q2-approaching-1-billion/): Stablecoin payments in Singapore hit a record high of nearly $1 billion in the second quarter, driven by merchant transactions, according to a report from Chainalysis on Wednesday. Eric Jardine, Cybercrimes Research Lead at Chainalysis, believes that businesses in Singapore are attracted to stablecoins. It is because of their “efficiency and low cost.” Users can now utilize Singapore’s XSGD stablecoin, along with Bitcoin, Ether, Circle USD, and Tether, to pay for various services. Decoding Stablecoins A type of cryptocurrency designed to maintain a stable value, stablecoins are mostly pegged to a fiat currency like the U.S. dollar. People often use - [eToro to Pay $1.5 Million to Settle SEC Charges Over Unregistered Operations](https://news.shib.io/2024/09/12/breaking-etoro-to-pay-1-5-million-to-settle-sec-charges-over-unregistered-operations/): eToro, a popular crypto exchange, has settled with the Securities and Exchange Commission (SEC) over allegations that it operated as an unregistered broker and clearing agency. The SEC announced today that eToro will pay a $1.5 million penalty and limit the crypto assets available for trading on its platform. The settlement stems from findings that, since at least 2020, eToro allowed U.S. customers to trade crypto assets considered securities without adhering to registration requirements under federal securities laws. The SEC’s order requires eToro to “cease and desist from violating the applicable federal securities laws” and restrict trading to only Bitcoin, - [Shiba Inu Burn Rate Surges Over 8000% ](https://news.shib.io/2024/09/12/shiba-inu-burn-rate-surges-over-8000/): The Shiba Inu (SHIB) cryptocurrency ecosystem saw a sharp increase in its burn rate on Tuesday, with 3,106,197 SHIB tokens burned, representing an 8,193.59% rise in the burn rate. Data from Etherscan indicated that the sudden spike in SHIB’s burn rate saw over three million tokens sent to dead wallets, effectively removing them from circulation. This process occurred across eight separate transactions, one of which involved burning one million tokens in a single go. The increased burn rate was noted when SHIB’s burn activities had generally decreased, coinciding with a recent downtrend in the token’s price. Following the reported burn - [Crypto Daily Recap: Wednesday](https://news.shib.io/2024/09/12/crypto-daily-recap-wednesday/): A sense of uncertainty pervaded the crypto market on Wednesday. Despite continued progress in global adoption, a major exchange hack, persistent regulatory questions, and the looming U.S. election injected a dose of volatility, leaving investors and industry players to navigate a complex and unpredictable landscape. Crypto Adoption Flourishes Despite Legal Hurdles India’s Cryptocurrency Paradox: Despite facing a complex and often contradictory legal framework, India remained at the forefront of global crypto adoption. The nation’s burgeoning tech-savvy population continued to embrace digital assets, signaling a strong belief in the future of decentralized finance. Indodax Breach Raises Security Concerns: A dark cloud descended upon - [US Core Inflation Rises by 0.3 Percent in August; Bitcoin Remains Unaffected](https://news.shib.io/2024/09/12/us-core-inflation-rises-by-0-3-percent-in-august-bitcoin-remains-unaffected/): The U.S. core inflation rate, which excludes food and energy costs, increased by 0.3% in August, surpassing the forecasted rise of 0.2%. This follows a 0.2% increase in July. On a year-over-year basis, the core Consumer Price Index (CPI), remained at 3.2%, per economists’ expectations. On the other hand, the headline CPI rose by 0.2% in August, following the same increase in July. When it comes to year-on-year, the headline CPI was up 2.5%, slightly below the anticipated 2.6% and lower than the 2.9% increase in July. Ben Ayers, a senior economist at Nationwide, noted in a statement to Reuters, - [How to Report Crypto Frauds and Scams to the FBI](https://news.shib.io/2024/09/11/how-to-report-crypto-frauds-and-scams-to-the-fbi/): As we see an increase in the numbers of individuals seeking investment opportunities in cryptocurrency, scams and fraudulent schemes targeting them are also on the rise. From fake exchanges to misleading investment opportunities, countless individuals have fallen victim to these malicious acts. Reporting cryptocurrency scams to the Federal Bureau of Investigation (FBI) is an effective way to fight back and pursue a resolution. According to information from the FBI’s website, cryptocurrency investment fraud ranks among the most widespread and detrimental types of fraud. The Shib Daily previously reported that Americans have lost approximately $5.6 billion to cryptocurrency scams in 2023, - [Cross Over to Shibarium](https://news.shib.io/2024/09/11/cross-over-to-shibarium/): Read the latest edition of The Shib magazine here. - [Exclusive: Anndy Lian Discusses the Future of NFT Bridges](https://news.shib.io/2024/09/11/exclusive-anndy-lian-discusses-the-future-of-nft-bridges/): Non-Fungible Tokens (NFTs) have exploded in popularity, extending their reach beyond digital art and collectibles into the realms of gaming, the metaverse, and decentralized finance (DeFi). Central to this expansion is the rise of NFT bridges – sophisticated protocols that act as digital conduits, connecting previously isolated blockchain networks and enabling the seamless transfer of NFTs across diverse ecosystems.  As the NFT market continues its meteoric rise, the role of these bridges in shaping the future of this burgeoning industry becomes increasingly critical. However, the path to this interoperable future is not without its challenges. Scalability limitations, security vulnerabilities, and - [Standard Chartered Debuts Digital Asset Custody in the UAE](https://news.shib.io/2024/09/11/standard-chartered-debuts-digital-asset-custody-in-the-uae/): The United Arab Emirates’ (UAE) is strengthening its position as a global hub with the recent launch of Standard Chartered’s new digital asset custody service. The announcement was made Tuesday through a press release. The Dubai Financial Services Authority (DFSA), which operates within the Dubai International Financial Centre (DIFC), granted the license a little over a year after the memorandum of understanding between the concerned parties was signed in May 2023. Brevan Howard Digital, the crypto and digital asset division of Brevan Howard is a main client. Standard Chartered’s new service will enable clients to keep their digital assets safe. - [Bitcoin Faces Uncertain Future Amid Shifting Tides](https://news.shib.io/2024/09/11/bitcoin-faces-uncertain-future-amid-shifting-tides/): The Bitcoin market finds itself at a crossroads, navigating a turbulent landscape of fluctuating investor sentiment and a complex macroeconomic backdrop.  Shubh Varma, CEO and Co-founder of Hyblock Capital, warned of heightened volatility in a recent market report, while also highlighting potential opportunities for the leading cryptocurrency amid shifting winds. Bitcoin Market Sentiment Remains Volatile Varma’s analysis painted a picture of a market characterized by rapid and dramatic swings in sentiment. “Market sentiment has been rapidly shifting, moving from greed to fear, and even briefly touching ‘extreme fear’,” he noted in a report shared with The Shib Daily.  “These extreme - [Singapore Casinos Go Cashless, Say 'No' to Crypto Over Security Concerns](https://news.shib.io/2024/09/11/singapore-casinos-go-cashless-say-no-crypto-over-security-concerns/): Singapore is stepping forward in modernizing its casino industry by approving cashless gaming transactions. Unfortunately, the amendment does not cover cryptocurrency transactions. This decision, announced Tuesday in a closing speech by Sun Xueling, the Minister of State for Social and Family Development and Minister of State for Home Affairs, marked the second reading of the Casino Control (Amendment) Bill. The shift to cashless transactions is part of Singapore’s broader strategy to enhance its casino operations. Following the new rules, players can now place wagers using virtual credits through cashless gaming accounts or e-wallets, thus, eliminating the need for physical cash - [India Maintains Top Position in Global Crypto Adoption](https://news.shib.io/2024/09/11/india-maintains-top-position-in-global-crypto-adoption/): India remains a global leader in grassroots cryptocurrency adoption, according to the 2024 Global Crypto Adoption Index released by Chainalysis.  The report evaluated 154 countries using various metrics to determine where individuals are investing the most in cryptocurrencies, including crypto transactions on centralized exchanges, decentralized finance (DeFi) platforms, and peer-to-peer trading. India retained its top position in this index, a rank it also held in the previous year’s report. The 2024 index also features Nigeria, Indonesia, the United States, Vietnam, Ukraine, and Russia in the top ten, indicating a strong interest in cryptocurrencies across the Central and Southern Asia and - [Caroline Ellison Seeks Leniency, Casts Herself as Victim in FTX Saga](https://news.shib.io/2024/09/11/ellison-seeks-leniency-casts-herself-as-victim-in-ftx-saga/): In a bid to avoid prison time for her role in the spectacular collapse of the cryptocurrency exchange FTX, Caroline Ellison, the former chief executive of Alameda Research, is asking a federal judge for leniency, portraying herself as a victim of manipulation by FTX founder Sam Bankman-Fried and her own psychological vulnerabilities.  Ellison Pleas for Time Served in FTX Saga Ellison’s legal team, in a late-night court filing Tuesday, argued that her extensive cooperation with authorities, coupled with the damaging influence of Bankman-Fried, warrants a sentence of time served and supervised release, rather than incarceration. The filing, accompanied by personal - [Indodax Hacked for Over $22M as Security Breach Hits Hot Wallets](https://news.shib.io/2024/09/11/indodax-hacked-for-over-22m-as-security-breach-hits-hot-wallets/): Indonesian cryptocurrency exchange Indodax experienced a security breach early Tuesday, resulting in the theft of over $22 million in digital assets from its hot wallets.  Security researchers from firms like SlowMist and CertiK reported the theft on X, detailing that the hacker stole large amounts of Bitcoin, Tron, ETH, Polygon (POL), and Shiba Inu SHIB, among other tokens. According to Arkham data, despite the breach, Indodax’s wallets still reportedly hold more than $400 million in various tokens. Indodax, established in 2014 and targeting the Indonesian market, saw over $11 million worth of cryptocurrencies traded in the 24 hours leading to - [FCA Charges London Man for Running Illegal Crypto ATMs](https://news.shib.io/2024/09/11/fca-charges-london-man-for-running-illegal-crypto-atms/): The Financial Conduct Authority (FCA) in the United Kingdom on Tuesday charged 45-year-old Olumide Osunkoya for running multiple crypto ATMs without a proper FCA registration. “Mr Osunkoya is accused of running crypto ATMs, which processed £2.6m (approx. $3.4 million) in crypto transactions across multiple locations between 29 December 2021 and 8 September 2023 without the required registration,” the agency said in a press release.  This is reportedly the first time an individual is being charged in relation to illegal crypto ATMs. Osunkoya is scheduled to appear at Westminster magistrates court at the end of this month. Crypto ATMs operate by - [Crypto Takes Center Stage in 2024 US Presidential Race](https://news.shib.io/2024/09/11/crypto-take-center-stage-in-2024-us-presidential-race/): The 2024 US presidential election is shaping up to be a watershed moment for the crypto industry, as digital assets emerge not just as a niche topic for tech enthusiasts but as a defining issue for American voters.  For the first time, a significant portion of the electorate is prioritizing a candidate’s stance on cryptocurrencies, signaling a dramatic shift in the political landscape and the growing recognition of cryptocurrency’s potential to reshape the future of finance, technology, and even democracy itself. This newfound prominence has ignited a fierce debate, pitting proponents who tout cryptocurrency’s potential for innovation and economic empowerment - [TDC Calls for Congress to Exempt NFTs from SEC Regulations](https://news.shib.io/2024/09/11/tdc-calls-for-congress-to-exempt-nfts-from-sec-regulations/): The Digital Chamber (TDC) on Tuesday called for legislation that would help clearly define certain Non-fungible tokens (NFTs) as consumer products, adding that these should not be categorized as securities.  This move appears to have been sparked by the ongoing conflict between the Securities and Exchange Commission and the digital assets industry. Things escalated when the SEC issued a Wells notice to OpenSea, a popular NFT marketplace, and tagged NFTs as unregistered securities.  TDC said NFTs have a consumptive purpose, not financial, so they should not be classified as securities under the SEC, or any equivalent classification.  Consumptive-use NFTs, like - [AI Fraud in Music: How Technology Fueled a $10M Streaming Scam](https://news.shib.io/2024/09/11/ai-fraud-in-music-how-technology-fueled-a-10m-streaming-scam/): North Carolina resident Michael Smith was arrested Wednesday after he was found using artificial intelligence (AI) to create a plethora of songs and monetize these illegally. Smith allegedly streamed his songs continuously using bot accounts to generate royalty payments worth over $10 million. U.S. Attorney Damian Williams said in an official release that Smith, a 52-year-old musician, would stream the AI-generated songs to steal royalties.  “Through his brazen fraud scheme, Smith stole millions in royalties that should have been paid to musicians, songwriters, and other rights holders whose songs were legitimately streamed. Today, thanks to the work of the FBI - [Trump vs Harris Debate Ends in Tie with Crypto Left Out](https://news.shib.io/2024/09/11/trump-vs-harris-debate-ends-in-tie-with-crypto-left-out/): The debate between U.S. Vice President Kamala Harris and former President Donald Trump, hosted by ABC News, concluded with no clear winner and with no mention at all of Bitcoin and cryptocurrency. According to Polymarket data, the 90-minute debate apparently ended in a tie with 49% support for each candidate. The event began with a polite handshake and then quickly escalated into an intense exchange on various policy issues. At the start of the debate, the poll showed that Trump had 52% support as the favored candidate to win the upcoming presidential election. By the end of the event, this - [Crypto September Jinx: Will 'Redtember' Cast a Pall Over Bitcoin's Future?](https://news.shib.io/2024/09/11/september-crypto-jinx-will-redtember-cast-a-pall-over-bitcoins-future/): As summer fades and the leaves begin to turn, a familiar chill descends upon the cryptocurrency market. September, a historically turbulent month for digital assets, has earned the ominous nickname “Redtember” for its tendency to usher in price declines. This year, with the US Federal Reserve potentially poised to cut interest rates for the first time in four years and the shadow of a presidential election looming large, the question on every crypto investor’s mind is: Will the “September effect” rear its head once again, and will the ongoing scrutiny surrounding projects like Worldcoin further exacerbate the situation? September: A - [Crypto Ownership Trends Remain Stable In The US, UK - Gemini Report](https://news.shib.io/2024/09/11/crypto-ownership-trends-remain-stable-in-the-us-uk-gemini-report/): Gemini’s 2024 Global State of Crypto report reveals that cryptocurrency ownership has remained stable in key markets such as the United States, United Kingdom, France, and Singapore since 2022.  The report examines trends in crypto adoption, motivations for owning digital assets, and the impact of recent crypto exchange-traded fund (ETF) approvals. Despite recent market fluctuations, data shows that many investors are still committed to holding cryptocurrencies. In the United States, 21% of the respondents reported owning cryptocurrency, a figure unchanged from 2022. The United Kingdom maintained an 18% ownership rate over the same period. In France, the percentage of crypto - [Crypto Headlines: September 10](https://news.shib.io/2024/09/11/crypto-headlines-september-10/): The Shib Daily curates the most significant crypto news, so you won’t have to. Tuesday’s cryptocurrency headlines present a tapestry of regulatory fervor, investigative undertakings, and market movements that are shaping the industry’s landscape. Crypto Regulatory Crackdown and Fraud Epidemic In a dramatic escalation of regulatory oversight, the Securities and Exchange Commission has slapped nearly $4.7 billion in enforcement actions against cryptocurrency firms and executives in 2024, a staggering increase of over 3,000% from the previous year. This surge underscores a new era of heightened scrutiny and regulatory enforcement in the digital asset space, reflecting the SEC’s intensified efforts to - [FTX Settles with Emergent Technologies for $14M Amid Bankruptcy Proceedings](https://news.shib.io/2024/09/11/ftx-settles-with-emergent-technologies-for-14m-amid-bankruptcy-proceedings/): FTX, the bankrupt cryptocurrency exchange, filed a motion last Friday seeking the Delaware Bankruptcy Court’s approval to pay Antigua-based investment firm Emergent Technologies $14 million to address the latter’s claims to over $600 million worth of Robinhood shares (HOOD). The motion was filed by FTX CEO John Ray III, with the goal to cover potentially costly administrative fees and prevent any more expenses and recovery delays in relation to Emergent’s legal action over the more than 55 million HOOD shares in question. Multiple parties like Emergent co-founder Sam Bankman-Fried, BlockFi, Bankman-Fried, and Emergent, had been contesting ownership of the shares. - [Sony Bank to Launch New Yen-Pegged Stablecoin with Ethereum Layer 2](https://news.shib.io/2024/09/10/sony-bank-to-launch-new-yen-pegged-stablecoin-with-ethereum-layer-2/): Sony Bank, a subsidiary of Sony Group Corporation, is venturing into the cryptocurrency space by developing a yen-backed stablecoin. This initiative, in collaboration with Ethereum Layer 2 scaling solution Soneium, aims to bolster transaction efficiency and reduce costs by operating on a second-layer protocol. The announcement was first shared on social media by JC, a well-known figure in the decentralized finance (DeFi) community. “Ethereum Layer 2 Soneium by Sony will create a stablecoin for the Japanese Yen with Sony Bank. This is a very smart move by Sony,” JC commented, highlighting the strategic significance of this development. Stablecoins like Soneium - [Terraform Labs Settlement Boosts SEC Enforcement Action By 3000% to $4.68B](https://news.shib.io/2024/09/10/terraform-labs-settlement-boosts-sec-enforcement-action-by-3000-to-4-68b/): Terraform Labs’ (TFL) recent settlement with the Securities and Exchange Commission (SEC) has driven a 3000% increase in crypto-related fines in the past year compared to 2022, pushing the total to $4.68 billion, according to 2024 report by Social Capital Markets. The SEC fine was placed on Terraform Labs, along with its co-founder Do Kwon, for allegedly misleading investors and for the sale of unregistered securities, which included the now-defunct TerraUSD stablecoin. This case is said to be the largest on record in digital asset regulation, with severe penalties imposed. The dissolution of the Terra ecosystem, which destroyed billions in - [GS Partners Settles Five-State US Lawsuit Over Crypto Investment Schemes](https://news.shib.io/2024/09/10/gs-partners-settles-five-state-us-lawsuit-over-crypto-investment-schemes/): Five U.S. states have reached a settlement with GS Partners, the European firm behind multiple cryptocurrency investment schemes, including tokenized investments in a Dubai skyscraper.  The Texas State Securities Board (TSSB) announced on Monday that Texas, Alabama, Arizona, Arkansas, and Georgia have settled with GS Partners’ owner, Josip Heit, and his companies. The settlement ensures that investors will receive 100% of their money back. The settlement comes after a multi-jurisdictional investigation that began in November 2023. Regulators accused GS Partners of defrauding investors through various crypto investments by misrepresenting potential profits and downplaying risks. As part of the agreement, GS - [FBI Report: Americans Lose $5.6 Billion to Cryptocurrency Fraud in 2023](https://news.shib.io/2024/09/10/fbi-report-americans-lose-5-6-billion-to-cryptocurrency-fraud-in-2023/): A recent report released by the FBI’s Internet Crime Complaint Center (IC3) revealed that cryptocurrency fraud hit unprecedented levels in the U.S. in 2023. It stated that Americans lost around $5.6 billion in fraud.  The report states that cryptocurrency complaints represented only 10% of all crime reports, but they accounted for nearly 50% of the total financial losses. The digital asset landscape faces growing challenges where the anonymity of transactions creates fertile ground for exploitation. Among the 69,000 crypto-related complaints, individuals over 60 were the most targeted and frequently victimized. This age group lost a combined total of $1.6 billion.  - [Shiba Eternity Web3 15-Day Tournaments: How to Climb, Win, and Claim Your Rewards!](https://news.shib.io/2024/09/10/holdshiba-eternity-web3-15-day-tournaments-how-to-climb-win-and-claim-your-rewards/): Ah, the thrill of battle in the Shiba Eternity universe! If you’re ready to dive into the ultimate proving ground—the 15-Day Tournaments—then grab your cards, rally your Shiboshis, and prepare for a crash course in Shiba Eternity Web3 tournament mechanics. Here’s everything you need to know to conquer the battlefield and claim your rightful spot at the top of the leaderboards. What’s the Deal with 15-Day Tournaments? Every 15 days, the digital battlefield of Shiba Eternity Web3 resets, ushering in a fresh round of competition for all players. But this isn’t just any casual card game match-up. Oh no. These - [Singapore Probes Shadow Market for Worldcoin Accounts](https://news.shib.io/2024/09/10/singapore-probes-worldcoin-over-alleged-money-laundering-and-terrorism-financing/): A shadow market for Worldcoin accounts has drawn the scrutiny of Singaporean authorities, raising concerns about potential breaches of data privacy and the exploitation of the nascent cryptocurrency project. Illegal Trade of Worldcoin Accounts Gan Kim Yong, the country’s Deputy Prime Minister and Chairman of the Monetary Authority of Singapore (MAS), disclosed the probe on Monday, revealing that individuals are under investigation for allegedly facilitating the illicit trade of Worldcoin accounts and tokens. “The Police are investigating seven subjects for their suspected involvement in offering the services of buying or selling of Worldcoin accounts and tokens, which constitute offences under - [Privacy of Monero in Question After Chainalysis Surveillance Leak](https://news.shib.io/2024/09/10/privacy-of-monero-in-question-after-chainalysis-surveillance-leak/): A recent leak has raised concerns about Monero (XMR), a cryptocurrency that emphasizes privacy. The video, which was removed shortly after it surfaced online, reportedly shows that Chainalysis, a blockchain analysis company, can track transactions on the Monero network. Given Monero’s reputation as a private and secure digital currency, this has sparked significant discussion within the cryptocurrency community. The video allegedly details methods used by Chainalysis to monitor Monero transactions dating back to 2021. A Reddit user named u/lt posted information about the leaked footage, claiming it showed how Chainalysis might use its own Monero nodes to gather data. It seems - [Crypto Revival Hopes Doubted: China Strengthens Anti-Money Laundering Measures](https://news.shib.io/2024/09/10/crypto-revival-hopes-doubted-china-strengthens-anti-money-laundering-measures/): Even as whispers of a potential easing of China’s cryptocurrency ban circulate, Beijing appears to be doubling down on its efforts to combat money laundering, with a particular focus on the risks posed by crypto assets. Beijing Doubles Down on Anti-Money Laundering Efforts Lawmakers are currently reviewing a draft amendment to the Anti-Money Laundering Law aimed at strengthening the nation’s ability to detect and prosecute financial crimes in the rapidly evolving digital landscape, Hong Kong’s SCMP reported Tuesday. A draft amendment to the Anti-Money Laundering Law, currently undergoing review by China’s top lawmakers, aims to strengthen the country’s ability to - [Crypto Headlines: September 9](https://news.shib.io/2024/09/10/crypto-headlines-september-9/): A Monday of momentous developments in the crypto and blockchain sphere has left observers grappling with the implications for technology, regulation, and market stability. From Tokyo’s push for sustainable Bitcoin mining to India’s embrace of blockchain technology, and whispers of Monero’s traceability to the sudden closure of FriendTech, the day’s events offer a glimpse into the volatile yet transformative nature of this burgeoning sector. Tokyo Electric’s Green Gambit In a bid to address the energy-intensive nature of Bitcoin mining, Agile Energy X, a subsidiary of the energy giant Tokyo Electric Power Company (Tepco), is embarking on a pioneering initiative to - [Bitcoin Could Reach $90,000 if Trump Wins 2024 Election: Bernstein Report](https://news.shib.io/2024/09/10/bitcoin-could-reach-90000-if-trump-wins-2024-election-bernstein-report/): Bitcoin could see a significant price increase if Donald Trump wins the 2024 U.S. presidential election, a recent report by asset manager Bernstein revealed. The report suggested that Bitcoin could reach as high as $80,000 to $90,000, surpassing its previous all-time high of $73,000 in March of this year. The research highlighted that Trump’s victory could positively influence the cryptocurrency market, driven by his growing support for digital assets. Bernstein’s report pointed to a change in Trump’s stance on cryptocurrencies. Five years ago, Trump criticized Bitcoin on X (formerly Twitter), stating that it was “not money” and that its value - [Shiba Eternity Web3 Unleashes New Update: Tournaments, Fixes, and a Huge Shoutout to the Shib Army!](https://news.shib.io/2024/09/09/shiba-eternity-web3-unleashes-new-update-tournaments-fixes-and-a-huge-shoutout-to-the-shib-army/): Greetings, digital warriors! It’s that time again—our latest Shiba Eternity Web3 update just dropped like a legendary loot box, and boy, is it packed! This one is especially juicy, with a fresh leaderboard system, a slew of bug fixes, and a shoutout to some stellar community champions.  Tournaments: Let the Games Begin! First off, if you’ve been craving some friendly competition while HODLing your favorite crypto tokens, the new tournament leaderboards have arrived! Imagine this: You’re playing your go-to crypto card game, your digital sweat trickling as you face off against your sworn nemesis in a high-stakes match. Maybe it’s - [$KNINE Gains Momentum on Stocktwits: A Growing Trend in the K9 Partnershib](https://news.shib.io/2024/09/09/knine-gains-momentum-on-stocktwits-a-growing-trend-in-the-k9-partnershib/): $KNINE, the native token of K9 Finance, has captured the attention of Stocktwits, a social media platform for investors and traders.  K9 Finance took to X to make the announcement. Besides being a social platform, Stocktwits also features insights, analysis, and discussions on a wide range of topics. It has become a key hub for real-time discussions around trending tokens and stocks. As $KNINE gains traction on StockTwits, it reflects the token’s increasing visibility and growing interest among retail traders.  A trending status on Stocktwits typically indicates that a large volume of conversations, mentions, and posts are centered around a particular - [Friend.Tech Team Transfers Smart Contract Control As Platform Activity Slows](https://news.shib.io/2024/09/09/friend-tech-team-transfers-smart-contract-control-as-platform-activity-slows/): Friend.Tech, a Web3 social network platform, has effectively relinquished control over its operations by transferring its smart contract administration to Ethereum’s null address. This action, carried out yesterday, prevents further changes to the platform’s functionality or fees. The development team confirmed in an announcement on X that “no fees from either smart contracts or [the website] currently go to the Friend.Tech dev team multisig.” Admin and ownership parameters have been set to 0x000…000 to prevent any changes to their fees or functionality in the future. This change does not affect the separate web client operated at https://t.co/YOHabcBL3H which will continue - [Nick Drakon's Tale: Crypto Research Platform CEO Steps Down After Violent Attack](https://news.shib.io/2024/09/09/nick-drakons-tale-crypto-research-platform-ceo-steps-down-after-violent-attack/): Nick Drakon, the founder of Revelo Intel, a top crypto research platform, shared a personal experience of an in-person attack targeting him and his family recently.  In his post on X, Drakon said a highly sophisticated group threatened him and his family. Drakon has been involved in the crypto space for almost four years and has built strong connections and business ventures in that period. He noted in his post that he has had positive and productive experiences with almost 99.5% of people. But a recent turn of events altered everything.  Drakon claimed that the attack was not random, claiming - [Australian Federal Court Rules in Favor of ASIC in Case Against Kraken’s Margin Trading Practices](https://news.shib.io/2024/09/09/australian-federal-court-rules-in-favor-of-asic-in-case-against-krakens-margin-trading-practices/): An Australian Federal Court has issued its ruling on a lawsuit filed by the Australian Securities and Investments Commission (ASIC) against Bit Trade Pty Ltd, the operator of cryptocurrency exchange Kraken, voting in favor of the former. It was regarding the availability of exchange’s margin extension product to Australian retail investors.  The product referred to in the lawsuit allowed Australian retail investors to borrow funds in fiat or cryptocurrency to trade on margin. The ASIC noted that Kraken’s offering of margin in fiat currency violated the Design and Distribution Obligations (DDO) under the Corporations Act.  As per the court ruling, - [Blockchain Tracks North Korean Hackers' Movement of Funds Following WazirX Incident](https://news.shib.io/2024/09/09/blockchain-tracks-north-korean-hackers-movement-of-funds-following-wazirx-incident/): Blockchain analytics firm Arkham Intelligence has tracked the movement of over $11 million in ether (ETH) by the North Korean hackers believed to be responsible for the July hack on India’s WazirX crypto exchange. The funds were moved to the mixing service Tornado Cash early Monday morning, raising concerns about the hackers’ attempts to obfuscate the stolen assets. North Korean Hackers Move Funds Arkham’s on-chain data analysis reveals that the hackers moved over 5,000 ETH, worth just over $11 million at current prices, from a wallet associated with the WazirX heist to a new address at 07:19 UTC on Monday. - [Coinbase Executives Sell $32 Million in Stock Over the Last 30 Days](https://news.shib.io/2024/09/09/coinbase-executives-sell-32-million-in-stock-over-the-last-30-days/): Coinbase Global Inc. (COIN) executives, including CEO Brian Armstrong, President Emilie Choi, and Chief Legal Officer Paul Grewal, have sold approximately $32 million worth of the company’s stock in the last 30 days.  The latest real-time insider trading data showed that 149 sales transactions were conducted without any reported purchases. According to the data, Brian Armstrong, Chairman and CEO of Coinbase, recently sold multiple tranches of shares of over $4 million on September 4 at various prices ranging from $168 to $179 per share to complete the total number of transactions. Emilie Choi, President and Chief Operating Officer, also sold - [Chainalysis Accuses Russia of Leveraging Crypto to Evade Western Sanctions](https://news.shib.io/2024/09/09/chainalysis-accuses-russia-of-leveraging-crypto-to-evade-western-sanctions/): With Russia grappling with economic pressures from Western sanctions, the nation has enacted laws that allow crypto mining. And as international payments using digital currencies.  Russia Turns to Cryptocurrency According to Blockchain analytics firm Chainalysis these moves of Russia could help it circumvent sanctions. And, maintain foreign trade amid financial restrictions. President Vladimir Putin signed into law a recent legislation that allows Russian businesses to facilitate cross-border transactions using cryptocurrencies.  “The CBR is spearheading the initiative to integrate cryptocurrency into Russia’s financial system for cross-border payments, creating an experimental infrastructure that allows approved Russian businesses and entities to use digital - [India’s Blockchain Revolution: MeitY Launches Vishvasya and NBFLite](https://news.shib.io/2024/09/09/indias-blockchain-revolution-meity-launches-vishvasya-and-nbflite/): The Indian government has recently unveiled the Vishvasya-Blockchain Technology Stack, one of the most substantial blockchain initiatives in the country. This is designed to position India as a hub for blockchain development and public service transformation leveraging Blockchain-as-a-Service (BaaS). The Ministry of Electronics and Information Technology (MeitY) made the announcement, sharing its plans to reshape India’s digital economy.  At the core of this approach is MeitY’s Vishvasya-Blockchain Technology Stack—a robust infrastructure customized for permissioned blockchain use cases in both government and private enterprises.  The foundation—a blockchain stack designed for security, scalability, and interoperability—will ensure that difficult public service challenges will - [Japan's TEPCO Explores Renewable Energy for Bitcoin Mining](https://news.shib.io/2024/09/09/japans-tepco-explores-renewable-energy-for-bitcoin-mining/): A subsidiary of Tokyo Electric Power Company (TEPCO), Agile Energy X Inc., is venturing into Bitcoin mining using surplus renewable energy to power mining operations.  Based in Tokyo, Agile Energy X is exploring ways to utilize excess solar power for Bitcoin mining, a move that its president, Kenji Tateiwa, believes could lead to a broader adoption of green energy, a local media outlet The Asahi Shimbun reported yesterday. “What we are doing has few parallels in Japan,” said Tateiwa, who previously worked in TEPCO’s nuclear power division. “Success of our framework would prompt more green energy to be introduced.” Tateiwa conceived - [Harris May Be Sidestepping the Issue of Cryptocurrency Regulation, For Now](https://news.shib.io/2024/09/09/harris-may-be-sidestepping-the-issue-of-cryptocurrency-regulation-for-now/): Vice President Kamala Harris may be strategically avoiding the contentious issue of cryptocurrency regulation, at least for the time being. As the midterm elections loom, political observers are speculating that the administration is hesitant to wade into a complex and polarizing debate that could alienate key constituencies. Schumer’s Legislative Priorities: Crypto Left Behind This apparent shift in focus came as Senate Majority Leader Chuck Schumer recently outlined his legislative priorities for the remaining months of Congress, conspicuously omitting any mention of cryptocurrency. This silence stands in stark contrast to earlier pronouncements from both Harris and Schumer emphasizing the urgency of - [Unification Unveils FundJS, a New JavaScript Toolkit for Cosmos SDK Blockchains](https://news.shib.io/2024/09/09/unification-unveils-fundjs-a-new-javascript-toolkit-for-cosmos-sdk-blockchains/): Unification, in a groundbreaking move for blockchain development, has announced the release of FundJS, a versatile and robust JavaScript toolkit designed specifically for Cosmos SDK blockchains. Unification, a blockchain infrastructure provider, announced over the weekend the release of FundJS, a next-generation JavaScript toolkit designed to streamline development on blockchains built using the Cosmos SDK. The toolkit, which leverages the popular CosmJS library and incorporates Unification’s mainchain protocol buffers (protobufs), promises to unlock new possibilities for developers building decentralized applications (dApps) within the Cosmos ecosystem. Unification Simplifies dApp Development and Payment Integration FundJS is a significant step forward in making Unification’s - [Shiba Inu Weekly Recap: A Week of Strategic Moves and Global Engagement](https://news.shib.io/2024/09/09/shiba-inu-weekly-recap-a-week-of-strategic-moves-and-global-engagement/): In what can only be described as a pivotal week for the Shiba Inu ecosystem, significant strides were made across community engagement, technological advancement, and market strategy, cementing its position as a key player in the rapidly evolving world of cryptocurrency. A Growing Global Presence at Korea Blockchain Week Shiba Inu’s leadership in community engagement took center stage at Korea Blockchain Week (KBW 2024) in Seoul. With a prominent booth and a visible presence, Shiba Inu’s participation underscored its commitment to expanding its global footprint.  The event provided a platform to connect with its ever-growing community while showcasing potential developments - [Crypto Weekly: A Rollercoaster Ride of Regulation, Tech & Adoption (Sept 2 - 8, 2024)](https://news.shib.io/2024/09/09/crypto-weekly-a-rollercoaster-ride-of-regulation-tech-adoption-sept-2-8-2024/): Time is your most valuable asset in the fast-moving world of crypto. That’s why The Shib Daily created Crypto Weekly – your curated digest of the week’s must-know news, delivering the insights you need to stay ahead of the curve and make informed decisions. This week in crypto was a whirlwind of regulatory crackdowns, technological leaps, and market swings. From Uniswap’s settlement with the CFTC to Sony’s foray into blockchain, the landscape continues to evolve at a rapid pace. The Long Arm of the Law Uniswap Labs felt the heat, agreeing to a $175,000 fine from the CFTC, signaling increased - [The Weekly Meme Digest](https://news.shib.io/2024/09/07/the-weekly-meme-digest-15/): Welcome, meme lords and crypto enthusiasts, to another electrifying edition of the Weekly Meme Digest! This week, we’re serving up a spicy platter of crypto chaos, political drama, and blockchain bedlam.  Buckle up, because this isn’t your grandma’s news roundup. Nope, we’re diving headfirst into the meme-verse with a sarcastic, sharp, and side-splitting take on the latest headlines.  Ready to get your brain buzzing and your funny bone tickled? Let’s go! 🎉 🔥 This Week’s Tease: We’ve got tales so tall they could overshadow Mt. Gox, and plots thicker than the Bitcoin blockchain. From political endorsements that could make or - [Kamala Harris Gets Ripple Bigwig and Crypto Bros Endorsement—But Hold Up, There’s a Catch Bigger Than A Market Crash!](https://news.shib.io/2024/09/07/kamala-harris-gets-ripple-bigwig-and-crypto-bros-endorsement-but-hold-up-theres-a-catch-bigger-than-a-market-crash/): The latest plot twist in the political thriller known as the 2024 election involves none other than Ripple, the company that brought us XRP—and a whole lot of intrigue involving, well, Kamala Harris! The Catch That Could Shake Crypto In a move that would make even the most seasoned blockchain skeptic raise an eyebrow, Ripple co-founder Chris Larsen has joined forces with 88 other high-profile business leaders to endorse Vice President Harris for president. Yes, you heard that right: Harris, the same VP who’s been juggling her duties while the crypto space rolls its eyes at SEC Chair Gary Gensler’s - [Crypto Advocates Demand Blockchain Drama in Presidential Debate](https://news.shib.io/2024/09/07/crypto-advocates-demand-blockchain-drama-in-presidential-debate/): In what can only be described as the most epic crossover event of the political and crypto universes, advocates are now pleading for a deep dive into digital assets during the upcoming U.S. presidential debate.  That’s right—just a few days before the high-stakes face-off between Kamala Harris and Donald Trump, the Chamber of Progress has sent a love letter to ABC’s Linsey Davis and David Muir, begging them to bring up crypto. Because nothing says “presidential debate” like discussing whether Bitcoin should be legal tender or just a fancy way to lose all your savings. 🚀📉 The Crypto Call to - [KamalaCoin on the Horizon? Harris Dabbles in Crypto—Is She Following Trump’s NFT Playbook?](https://news.shib.io/2024/09/07/kamalacoin-on-the-horizon-harris-dabbles-in-crypto-is-she-following-trumps-nft-playbook/): Vice President Kamala Harris is making headlines by stepping into the crypto world—well, sort of. In a surprising twist, with crypto enthusiasts and political pundits buzzing, Harris is linked to accepting cryptocurrency donations. But before you imagine Kamala mining Bitcoin from her basement or day-trading Dogecoin, let’s get the facts straight: it’s not Harris herself, but a Super PAC called Future Forward doing the digital collection. Talk about a plot twist! 🤯 Coinbase CFO Alesia Haas sparked excitement when she mentioned at a conference that Harris’s campaign was “using Coinbase Commerce” to accept crypto donations. This led to speculation that - [Trump’s DeFi Drama: The Crypto Saga Stirring Family Feuds and Sparking Internet Frenzy!](https://news.shib.io/2024/09/07/trumps-defi-drama-the-crypto-saga-stirring-family-feuds-and-sparking-internet-frenzy/): The Trumps look to be diving straight into a reality show! They have chosen to delve very deep into the wild world of decentralized finance (DeFi) with their new project, World Liberty Financial (WLF). 😃 Now, that shouldn’t be surprising at all since the Trump family is well known for their flair for the dramatic. Hold on, hold on, this time they didn’t get a new hairdo or post a controversial tweet, but they are on news regarding a high-stakes crypto venture that even blockchain enthusiasts are finding hard to believe.😬 Remember when Trump revealed his rocky relationship with cryptocurrencies? - [CZ Lifetime Ban: The Crypto Soap Opera’s Latest Episode](https://news.shib.io/2024/09/07/cz-lifetime-ban-the-crypto-soap-operas-latest-episode/): Grab your popcorn, folks, because Binance has just delivered a plot twist more dramatic than a soap opera marathon. 🎭 That’s right: Changpeng Zhao, better known as CZ, has been hit with a lifetime ban from managing Binance, the very crypto empire he built with his own bare hands. 🚀 But before you start crying into your ledger or tossing your Binance-branded swag, let’s dive into this spicy situation. The Scoop: Lifetime Ban of CZ The latest gossip from the crypto grapevine? This lifetime ban is actually part of a plea deal filed on November 21. So, it’s not just - [Adult Industry Unchained: The Crypto Shift to Slash Payment Fees](https://news.shib.io/2024/09/07/adult-industry-unchained-the-crypto-shift-to-slash-payment-fees/): You know who loves adult websites? 👙 Internet users, of course! 😁 But let’s be real—not everyone is in favor of them, especially not mainstream payment processors. When it comes to traditional payments, adult sites are stuck in economic limbo, which makes dealing with regular banking a hassle and a half. It’s trickier and pricier! 💵🥴 Those in the business are not happy about this, and neither are those who are purchasing their services. C’mon, they’d rather use the money to pay for AI girlfriends. 💄💋 So don’t worry if you’re on that side of the fence because the crypto - [DePIN: Closing the Gap Between the Physical and Digital Realms for a Connected Future](https://news.shib.io/2024/09/06/depin-closing-the-gap-between-the-physical-and-digital-realms-for-a-connected-future/): The concept of Decentralized Physical Infrastructure Networks (DePIN) is emerging as an innovative solution to bridge the gap between the physical and digital worlds. Simply put, DePIN uses decentralized technologies to create networks that integrate physical assets with digital platforms for seamless interaction and data exchange. In April, several media outlets discussed the content of the “2024 DePIN Development Report” by UWEB Principal Dr. Yu Jianing, JDI Global CEO Wang Yiming, and UWEB co-founder Romeo Wang. The report predicted a bright outlook for DePIN, estimating its market size will hit $3.5 trillion by 2028. It also offered insights on DePIN’s - [Ripple Co-Founder Chris Larsen Throws Support Behind Kamala Harris for President](https://news.shib.io/2024/09/06/ripple-co-founder-chris-larsen-throws-support-behind-kamala-harris-for-president/): Chris Larsen, co-founder and executive chairman of Ripple, is among 88 corporate leaders who have endorsed Vice President Kamala Harris for the upcoming U.S. presidential election. As reported by CNBC today, the endorsement was made through a letter signed by several prominent business figures, including Aaron Levie, CEO of Box, Jeremy Stoppelman, CEO of Yelp, Michael Lynton, chairman of Snap, and James Murdoch, former CEO of 21st Century Fox. The letter supporting Harris’s presidential bid comes amid Ripple Labs’ ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). Ripple has been involved in a lawsuit with the SEC - [Two Offshore Crypto Exchanges Near Approval to Operate in India](https://news.shib.io/2024/09/06/two-offshore-crypto-exchanges-near-approval-to-operate-in-india/): India’s Financial Intelligence Unit (FIU) is considering allowing two more offshore cryptocurrency exchanges to resume operations in the country.  The FIU, which oversees Anti-Money Laundering (AML) compliance, is currently scrutinizing requests from four foreign crypto exchanges that were previously banned for failing to meet the country’s AML regulations.  “We have received requests from four more offshore crypto exchanges to operate in India, and we assume that at least two of them will be permitted to resume operations by the end of FY25,” a source quoted by local media said. The same added that this would occur only after a “thorough - [Coinbase Lobbying Spend Skyrockets as Crypto Regulation Intensifies](https://news.shib.io/2024/09/06/coinbase-lobbying-spend-skyrockets-as-crypto-regulation-intensifies/): Coinbase, the largest U.S. crypto exchange, has poured $2.86 million into lobbying efforts in 2023, ranking as the third biggest spender among crypto companies. A recent report published by Socialcapitalmarkets revealed on Friday that Coinbase has the third largest market share in terms of trading volume. Coinbase logs the second-highest spot trading volume (~$1.47 billion) after Binance. It has used around 39 lobbyists in 2023, 32 of which have been revolvers. Coinbase spent around $1.5 million in 2021 on lobbying efforts. This marks a sharp increase from the $230,000 it spent in 2020. It continued the upward trend in 2022, with - [Blockchain Startup Puffpaw Secures $6M to Develop Vape-to-Earn Ecosystem](https://news.shib.io/2024/09/06/blockchain-startup-puffpaw-secures-6m-to-develop-vape-to-earn-ecosystem/): Puffpaw, a new startup, is launching a vape-to-earn project to help users reduce nicotine intake by providing token incentives through blockchain technology. However, the company plans to offer specialized vapes that track users’ smoking habits and record the data on a blockchain. Users will earn Puffpaw tokens as rewards for decreasing their nicotine consumption. Puffpaw is among several startups set to operate on the soon-to-be-released Berachain blockchain, which has attracted significant attention from venture capital firms. The startup recently raised $6 million in a seed funding round led by Lemniscap Ventures. Lemniscap General Partner Shaishav Todi described the investment as - [Russia to Channel Surplus Energy to Legal Crypto Miners Under New Rules](https://news.shib.io/2024/09/06/russia-to-channel-surplus-energy-to-legal-crypto-miners-under-new-rules/): The Russian Ministry of Energy is considering allocating surplus electricity capacity to legal miners at regulated rates. Energy Minister Sergei Tsivilev revealed this development on Wednesday.  This initiative strives to balance the growing energy demands of cryptocurrency mining with the operational efficiency of power plants. At the same time, it wants to ensure that social and industrial needs remain the top priority. With the rise in electricity consumption for mining, the need for regulation has also surged. Tsivilev noted that the government is ready to give surplus energy to miners. “The miner must be legal, he must pay taxes. Therefore, - [UK Financial Regulator Rejects 87% of Crypto License Applications](https://news.shib.io/2024/09/06/uk-financial-regulator-rejects-87-of-crypto-license-applications/): The Financial Conduct Authority (FCA), the UK’s financial regulator, has revealed that 87% of cryptocurrency firms that applied for registration under the country’s money laundering rules did not receive approval in the past fiscal year. In its annual report, the FCA stated that only four firms out of 35 applications submitted in the 12 months ending March 31 managed to secure registration. Three of the approved entities were named, such as BNXA, a payments partner of Binance, a PayPal UK unit, and Komainu, a crypto custody joint venture by Nomura. The fourth entity is yet to be announced. The remaining - [Mark Cuban Says Kamala Harris’s Unrealized Gains Tax Would 'Kill the Stock Market'](https://news.shib.io/2024/09/06/mark-cuban-says-kamala-harriss-unrealized-gains-tax-would-kill-the-stock-market/): Billionaire investor Mark Cuban strongly criticized Vice President Kamala Harris’s position on taxing unrealized capital gains, suggesting that such a policy would have dire consequences for the stock market.  Speaking on CNBC’s “Squawk Box,” Cuban argued that while Harris has not outright rejected President Biden’s proposal to tax unrealized gains, it is unlikely to be implemented under her leadership. During the interview, Cuban said that taxing unrealized gains would “kill the stock market,” emphasizing that it could lead to severe volatility for public companies. “If you tax unrealized gains, you’re going to kill the stock market, and it’s going to - [Shiba Inu Partners with Gate.io for Charity Fundraising at Blockchain Event](https://news.shib.io/2024/09/06/shiba-inu-partners-with-gate-io-for-charity-fundraising-at-blockchain-event/): Gate.io, a global cryptocurrency exchange, announced in yesterday’s tweet that Shiba Inu, along with AiRian, MemeCore, and East Asian media outlets, contributed to the success of the Lead Asia Charity Carnival 2024.  The event aimed to raise funds for the SEUNGIL HOPE Foundation, which focuses on leveraging blockchain technology for charitable activities. Shiba Inu has supported charitable initiatives at the Korea Blockchain Week 2024. The tweet stated that the foundation’s fundraising efforts saw a “major boost” due to the support received from these organizations. Gate.io thanked Shiba Inu and other supporters for their involvement, highlighting the impact on the event’s - [Major Swiss Bank ZKB Launches Crypto Brokerage Services for Clients](https://news.shib.io/2024/09/06/major-swiss-bank-zkb-launches-crypto-brokerage-services-for-clients/): Zurich Cantonal Bank, also known as Zürcher Kantonalbank (ZKB), one of Switzerland’s major banking institutions, has launched cryptocurrency brokerage services for its clients.  According to an official press release from the bank, as of Wednesday, ZKB offers trading and custody services for Bitcoin and Ether. The bank has partnered with Crypto Finance AG, a subsidiary of the Deutsche Börse Group, to facilitate cryptocurrency transactions. The new services are integrated within ZKB’s banking infrastructure, providing clients seamless access through the bank’s eBanking and mobile banking platforms. Customers can now trade cryptocurrencies at any time, with ZKB stating that these holdings will - [Brazil’s Central Bank Advances Drex Pilot with 13 New Themes for Smart Contract Testing](https://news.shib.io/2024/09/06/brazils-central-bank-advances-drex-pilot-with-13-new-themes-for-smart-contract-testing/): The Central Bank of Brazil (BC) announced on Wednesday a major step forward in the development of its digital currency platform, Drex, collaborating with the Securities and Exchange Commission (CVM).  This would mark the second phase of testing where around 13 themes were selected from 42 use case proposals submitted by various financial institutions. The second phase would also test the implementation of financial services using smart contracts created and managed by third parties on the Drex platform. As per reports, the upcoming weeks will see the development of the selected themes. “In a debate environment devoted to each of - [Telegram Updates Privacy Policy After Durov's Arrest in France](https://news.shib.io/2024/09/06/telegram-updates-privacy-policy-after-durovs-arrest-in-france/): Messaging app Telegram recently made a quiet and significant change to its privacy policy after a tense incident involving its founder, Pavel Durov, and French authorities.  Many believe that the policy change is linked to Durov’s recent four-day police interrogation in Paris regarding the platform’s alleged use of illegal activities. Recently, Durov made an announcement on X noting that he is personally overseeing abusers of the platform who are invading the privacy of more than 950 million users.  “I’m still trying to understand what happened in France. But we hear the concerns. I made it my personal goal to prevent - [Unlocking Web3 Potential: The Role of AI and Blockchain in Security, Scalability, and Data Analysis](https://news.shib.io/2024/09/05/unlocking-web3-potential-the-role-of-ai-and-blockchain-in-security-scalability-and-data-analysis/): Combining artificial intelligence (AI) with blockchain technology is setting the stage for the next generation of Web3 applications, security enhancement, scalability, and data analysis capabilities. The digital world is now at an intersection where vigorous, efficient, and secure systems are more important than ever. Recent reports indicate that this synergy is not only feasible but also essential for the future of decentralized applications (dApps). AI enhances Web3 by providing intelligent automation and personalized user experiences so that interactions are more efficient and engaging. Meanwhile, blockchain ensures transparency and security in transactions, enabling decentralization and fostering trust in digital ecosystems. Raising - [Shiba Eternity Web3 Crowns Inaugural Ranked Tournament Champions](https://news.shib.io/2024/09/05/shiba-eternity-web3-crowns-inaugural-ranked-tournament-champions/): The dust has finally settled after two weeks of non-stop card-flipping mayhem in the first-ever ranked tournament of Shiba Eternity Web3 and the victors have emerged with bragging rights, exclusive rewards, and the kind of glory only a high-stakes showdown can bring. Players from every corner of the community threw their best strategies into the mix, but in the end, only five names rose to the top. Shiba Eternity Web3 Champions Crowned Cue the fanfare for these champions of Shiba Eternity Web3 Ranked Tournament: These players have secured themselves not just shiny digital trophies but a coveted place among the - [K9 Finance Gears Up to Reveal Game-Changing Staking for the Shiba Inu Ecosystem](https://news.shib.io/2024/09/05/k9-finance-gears-up-to-reveal-game-changing-staking-for-the-shiba-inu-ecosystem/): K9 Finance, known for its integral association with the Shiba Inu ecosystem, announced on X that is ready to launch its highly-awaited staking solution in September.  K9 has been working tirelessly to enhance community engagement and provided updates on its progress. With this staking solution, SHIB holders can lock up their tokens and earn rewards in return for securing the network. K9 said it looks forward to introducing this move as a game-changer, creating additional use cases for SHIB tokens and offering passive income opportunities for holders. Staking allows token holders to contribute to network security and is, therefore, a key - [World Leaders Set to Sign Landmark AI Treaty Prioritizing Human Rights](https://news.shib.io/2024/09/05/world-leaders-set-to-sign-landmark-ai-treaty-prioritizing-human-rights/): The United States, the European Union, and the United Kingdom are expected on Thursday to sign a groundbreaking treaty emphasizing human rights and democratic values in regulating both public and private AI systems.  Called the Council of Europe Framework Convention on Artificial Intelligence, this move marks the first legally binding international treaty on Artificial Intelligence (AI). Its main goal is to hold countries accountable for any harm or discrimination caused by AI systems, especially those that violate citizens’ rights to equality and privacy.  This convention will offer legal recourse for victims of AI-related violations, and make sure that the outputs of - [CCData August Report Shows Surge in Trading Activity, Drop in Ether Derivatives](https://news.shib.io/2024/09/05/ccdata-august-report-shows-surge-in-trading-activity-drop-in-ether-derivatives/): CCData, the combined spot and derivatives trading volume on centralized exchanges, saw a notable increase of 5.38% to a total of $5.22 trillion in August, the second consecutive month of rising activity.  In its latest report, CCData highlighted the significant decline in Ether futures and options trading volume on the Chicago Mercantile Exchange (CME). It also showed that the volumes on CME dropped dramatically after the first month of spot Ether ETFs’ launch.  Ether futures and options volume on the CME exchange fell 28.7% and 37.0% to $14.8 billion and $567 million, respectively. These numbers signify the lowest ETH futures - [United Texas Bank Hit with Cease-and-Desist Order by Federal Reserve](https://news.shib.io/2024/09/05/united-texas-bank-hit-with-cease-and-desist-order-by-federal-reserve/): United Texas Bank, one of the few remaining U.S. banks that services cryptocurrency firms, has been issued a cease-and-desist order by the Federal Reserve.  The Dallas-based bank was cited for “significant deficiencies” in its adherence to anti-money laundering (AML) laws related to its dealings with crypto clients, among other alleged violations. The order was issued on Wednesday, and while it did not specify the exact nature of the non-compliance, it indicated that the bank must take immediate action to address the issues. The Federal Reserve’s notice stated that the bank’s leadership had agreed to the cease-and-desist order instead of going - [Robinhood Settles $3.9M for Crypto Withdrawal Restrictions and Misleading Practices](https://news.shib.io/2024/09/05/robinhood-settles-3-9m-for-crypto-withdrawal-restrictions-and-misleading-practices/): Robinhood Crypto LLC, the online crypto trading platform, has agreed to pay $3.9 million as settlement after being accused of misrepresenting certain aspects of its trading and order-handling processes. This happened as a result of Robinhood’s failure to allow customers to withdraw their cryptocurrency between the period of 2018 and 2022. California Attorney General Rob Bonta announced the settlement on Wednesday, saying that it resolves a violation of the California Commodities Law (CCL) by Robinhood. The hefty financial penalty comes alongside strict new conduct requirements for the platform. In a press release, Bonta emphasized the importance of protecting California consumers - [Trump's Crypto Venture: World Liberty Financial Taps Blockchain with DeFi Twist](https://news.shib.io/2024/09/05/trumps-crypto-venture-world-liberty-financial-taps-blockchain-with-defi-twist/): Republican Presidential candidate Donald Trump and his team has reportedly been circulating a white paper for a project called World Liberty Financial (WLF), which is poised to become a new player in the decentralized finance (DeFi) space. Trump and his sons have been hinting at a major cryptocurrency venture for weeks now, but have kept most of the details under wraps. CoinDesk obtained a document which revealed that the project bears a lot of similarities to Dough Finance, a blockchain app that was hacked in July, leading to a $2 million loss. The WLF team consists of several figures who also - [CFTC Fines Uniswap Labs $175,000 Over Alleged Unlawful Leveraged Trading](https://news.shib.io/2024/09/05/cftc-fines-uniswap-labs-175000-over-alleged-unlawful-leveraged-trading/): The U.S. Commodity Futures Trading Commission (CFTC) has fined Uniswap Labs $175,000 to settle allegations that it unlawfully offered leveraged retail trading in digital assets.  According to a Bloomberg report yesterday, Universal Navigation Inc., operating as Uniswap Labs, agreed to a cease-and-desist order, preventing it from violating the Commodity Exchange Act (CEA) again. This action marks a significant development in regulatory enforcement in the decentralized finance (DeFi) sector. Uniswap Labs, known for its decentralized platform that enables the direct trading of digital assets without intermediaries, allegedly allowed trades that were margined or leveraged commodity transactions. The CFTC reportedly said that - [Shiba Inu $91,000 Mystery: A Donated Dinner, Dissolved Breed, and Disappearing ETH](https://news.shib.io/2024/09/04/shiba-inu-91000-mystery-a-donated-dinner-dissolved-breed-and-disappearing-eth/): The disappearance of 37.5 ETH, initially donated to the Shiba Inu community and worth over $91,000 today, has sparked confusion and concern among the ShibArmy. A Generous Gesture, a Troubled Path Davinci, the pseudonymous administrator of Shibarium Tech’s Discord and Telegram channels, has stepped forward to provide context, revealing a tangled tale of internal conflicts, a dissolved team, and a community decision seemingly ignored. The saga began in 2022 with a seemingly generous gesture: Welly’s, the fast-food partner of Shiba Inu, donated 37.5 ETH to the community, intending it to be managed for the benefit of the ShibArmy. The funds - [Former Mt. Gox CEO to Launch New Crypto Exchange EllipX in Europe](https://news.shib.io/2024/09/04/former-mt-gox-ceo-to-launch-new-crypto-exchange-ellipx-in-europe/): Mark Karpeles, former CEO of the defunct Mt. Gox cryptocurrency exchange, has announced plans to launch a new crypto trading platform called EllipX later this month. Based in Poland, the exchange will initially focus on serving European users, with a potential for global expansion. Karpeles, who will oversee the technical aspects of the platform as Chief Technology Officer, explained on Wednesday during the Korea Blockchain Week event in Seoul, South Korea, “Mt. Gox was based in Poland, so I do know it [well] as a country.” EllipX aims to comply with the European Union’s Markets in Crypto-Assets (MiCA) regulations. Karpeles - [Shiba Inu Partner Bad Idea AI Becomes 'Most Popular' on Crypto.com](https://news.shib.io/2024/09/04/shiba-inu-partner-bad-idea-ai-becomes-most-popular-on-crypto-com/): Bad Idea AI (BAD), the pioneering AI-driven crypto project and a partner of the Shiba Inu ecosystem, shared Wednesday that it is “the most popular” platform on Crypto.com.  BAD stands high with a 24-hour volume of $3.02 million and a market cap of $5.39 million. Shiba Inu assumed the fourth place with a 24-hour volume of $189.78 million and a market cap of $7.73 billion. The company recently announced that its $BAD token went live on WEEK, the crypto futures trading platform. Crypto exchange BTSE also revealed at the end of August the listing of the $BAD token, allowing users - [Build on Shibarium!](https://news.shib.io/2024/09/04/build-on-shibarium/): Read the latest edition of The Shib magazine here. - [Russia Still Undecided on Crypto Exchange As Legal Debate Heats Up](https://news.shib.io/2024/09/04/russia-still-undecided-on-crypto-exchange-as-legal-debate-heats-up/): Russia has yet to decide on the creation and operation of cryptocurrency exchanges within the country. This is amid speculations of the government beginning trials for adopting cryptocurrency for international transactions. Although the Ministry of Finance and the Central Bank of Russia are actively debating the issue, a consensus remains elusive. Local authorities reveal that the delay centers around the need to establish a robust legal framework that will ensure the protection of all market participants while facilitating the operation of these digital asset platforms. In an interview with Russian news agency TASS, Anatoly Aksakov, the head of the State Duma - [The Future of DevPortals: An Exclusive Interview with Unification](https://news.shib.io/2024/09/04/the-future-of-devportals-an-exclusive-interview-with-unification/): Artificial intelligence (AI) is rapidly transforming various industries, and the world of software development is no exception. DevPortals, the digital hubs for developers, are also embracing AI to enhance user experience and streamline workflows. In this exclusive interview, The Shib Daily delves into the potential of AI assistants in DevPortals. The Unification Team shares its insights on how AI can be integrated to provide personalized learning paths, predict developer needs, and facilitate collaboration. We also explore the ethical considerations and potential biases associated with AI implementation. The Shib: AI is rapidly transforming various industries, and the world of software development - [Atomic Wallet Announces BONE Integration for 5 Million Users](https://news.shib.io/2024/06/10/atomic-wallet-announces-bone-integration-for-5-million-users/): In a major development for the Shib ecosystem, Atomic Wallet has announced the integration of BONE, the governance token of ShibaSwap, into its platform. This move enables over 5 million users to seamlessly buy and swap BONE directly through their Shibarium wallets on Atomic Wallet. Atomic Wallet, initially integrated the Shibarium chain in November 2023. With this integration, users can now manage all native tokens, including $BONE, $SHIB, and $LEASH, all within a single platform. This development underscores Atomic Wallet’s commitment to supporting diverse crypto assets and enhancing user experience. BONE, with a total supply of 250,000,000, serves as the - [Shiba Inu Explodes with 110% Trading Volume Surge To Over 34T SHIB, DeFi System Founder Bullish](https://news.shib.io/2024/06/10/shiba-inu-trading-volume-explodes-market-cap-surges-to-13t-defi-system-founder-bullish/): Shiba Inu (SHIB), the world’s second-largest dog-themed altcoin by market capitalization, has experienced a remarkable surge in trading activity, with volumes skyrocketing by 110% in the past 24 hours to a staggering 34.1 trillion SHIB. According to the latest data from CoinMarketCap, SHIB boasts a market capitalization of $13,544,687,700, with a circulating supply of 589,271,775,864,234 SHIB tokens. This surge comes amid bullish sentiment from the owner of a decentralized finance system, who predicts a bright future for the meme coin. Despite the massive increase in trading volume, SHIB’s price has seen only minor fluctuations, with a modest 1.05% increase in - [Active Shib Army Teases Shib: The Metaverse Potential Big Reveal](https://news.shib.io/2024/06/10/shiba-inu-metaverse-big-reveal-teased-by-marketing-lead-lucie/): Shiba Inu’s metaverse project, SHIB: The Metaverse, has sparked excitement within the community after a period of radio silence. Lucie, a Shib Army active in the community, shared in an X post something that hints at a major upcoming revelation. The tweet, “The quieter it is about #ShibtheMetaverse, the better the next revelation will be. NOTHING IS FORGOTTEN,” has ignited speculation and anticipation within the SHIB community. This follows a period of several months with minimal updates on the metaverse project, leading some to question its status. SHIB: The Metaverse was first announced in 2021, sending shockwaves through the cryptocurrency - [ChewySwap Announces Major Shibarium Advancement, Tests In-App Wallets for Telegram Mini Apps](https://news.shib.io/2024/06/10/chewyswap-announces-major-shibarium-advancement-tests-in-app-wallets-for-telegram-mini-apps/): ChewySwap, a cryptocurrency exchange platform on Shibarium, is exploring the integration of in-app wallets within Telegram bot mini apps. This development, currently in the testing phase, aims to streamline user experience by allowing users to create wallets directly within the Telegram interface using just an email address or phone number. “We’ve been searching for ways to help make onboarding easier for new users particularly those who may be hesitant to install a wallet app. Going by my first experiences with DeF it can be an intimidating process for new users creating a wallet, reading all these warnings about seed phrase - [Bitcoin's Meteoric Rise Eclipses Global Banking Titans](https://news.shib.io/2024/06/10/bitcoin-meteoric-rise-eclipses-global-banking-titans/): Bitcoin, in a monumental shift that reverberates through the financial world, has achieved a groundbreaking milestone by surpassing the collective market capitalization of the world’s three largest banks. This historic feat, revealed by recently compiled data, signals a seismic shift in the balance of power within the global financial landscape. Data from Coinpedia Markets reveals Bitcoin’s market cap has surged to an astounding $1.37 trillion, exceeding the total market value of JPMorgan Chase, Bank of America, and the Industrial and Commercial Bank of China. This remarkable achievement underscored the digital currency’s meteoric rise since its inception in 2009. Created by - [Binance TH Announces Shiba Inu Listing On New Network](https://news.shib.io/2024/06/09/binance-th-announces-shiba-inu-listing-on-new-network/): Shiba Inu (SHIB) is set to gain increased accessibility and growth potential following Binance TH’s announcement of its listing on the Binance Smart Chain (BSC) network. This strategic move comes as Binance, the world’s leading cryptocurrency exchange, celebrates reaching 200 million users. Effective June 11 at 2:00 a.m. ET, SHIB will be available for trading on the BSC network through Binance TH, a subsidiary of Gulf Binance. This is expected to significantly boost SHIB’s liquidity and trading volume, further solidifying its position in the cryptocurrency market. Binance TH’s move to list SHIB on the BSC was a strategic effort to - [SEC Closes Utah Office Following DEBT Box Case Rap](https://news.shib.io/2024/06/09/sec-closes-utah-office-following-debt-box-case-dismissal/): The decision to shutter the SLRO, the smallest of the SEC’s 11 regional offices, comes after a comprehensive review of the agency’s budget and organizational efficiency. The move will streamline the SEC’s operations, consolidating its regional presence from 11 offices to 10. The current staff of the SLRO will be repositioned to existing SEC offices across the state, ensuring their expertise continues to support the agency’s mission. “The SLRO has long been the SEC’s smallest regional office and recently has experienced significant attrition,” the regulator said in a statement. “The agency considered its budget and organizational efficiency in deciding to - [Kraken Prepares for IPO in 2025, Reportedly Raising Over $100M in Funding](https://news.shib.io/2024/06/09/kraken-prepares-for-ipo-in-2025-reportedly-raising-over-100m-in-funding/): Kraken, one of the leading cryptocurrency exchanges, is reportedly making significant strides toward becoming a publicly traded company. According to a recent report, Kraken is seeking to raise over $100 million in a funding round expected to conclude by the end of this year. This move is a crucial step in Kraken’s journey toward an Initial Public Offering (IPO) in 2025. Kraken, one of the oldest cryptocurrency exchanges, considered raising a final funding round ahead of a possible initial public offering after receiving inquiries from potential investors during the current digital-asset market rally, Bloomberg reported, citing “people familiar with the - [Iggy Azalea Reignites Feud with Vitalik Buterin Over Crypto 'Gas Tax' After Breastfeeding Meme Jab](https://news.shib.io/2024/06/08/iggy-azalea-reignites-feud-with-vitalik-buterin-over-crypto-gas-tax-after-breastfeeding-meme-jab/): Iggy Azalea, the renowned female rapper and composer behind the MOTHER token, has taken aim at Vitalik Buterin, the crypto genius and co-founder of Ethereum. In a recent podcast, Azalea didn’t mince words, launching a scathing attack on Buterin’s stance regarding celebrity meme coins—a trend that has gained significant traction in recent times.  Azalea’s fiery rhetoric centered on what she perceived as Buterin’s hypocrisy in critiquing the financialization of projects like MOTHER while imposing what she dubbed a “gas tax” through transaction fees. “It’s so rich of you to have an opinion on charities and hospitals, whatever, but let’s talk - [The Weekly Meme Digest - June 8, 2024](https://news.shib.io/2024/06/08/the-weekly-meme-digest-4/): Shibizens and crypto comrades, strap in for a wild ride through the crypto kingdom of titles and tiaras! 👑 Your Weekly Meme Digest is back with a roar, serving up the juiciest drama and the dopiest nicknames the cryptoverse has to offer. This week, we’re diving deep into the world of crypto monikers – from self-proclaimed presidents to Bitcoin messiahs, it’s a jungle out there, folks! Forget lambos and laser eyes, the hottest accessory in crypto is a grandiose title. So grab your popcorn 🍿, sit back, and let’s get rollin’ with this week’s Crypto High Five: Crypto ‘Reverend CEO’ - [The Good, the Bad, and the WAGMI: A Look into the World of Crypto Traders](https://news.shib.io/2024/06/08/the-good-the-bad-and-the-wagmi-a-look-into-the-world-of-crypto-traders/): Similar to stock day traders, there are crypto enthusiasts who dabble in DeFi on the side, hoping to strike it rich and ditch their day jobs for good. 💰🤑 Say hello to crypto traders. These degens share a common dream: the firm conviction that decentralized finance will soon take over traditional finance. By swapping out TradFi for DeFi, they foresee a future where code and networks will rule over banks, brokerages, and money transfer businesses. They can predict better—at least in their heads—than astrology fans; they can sense bears and bulls faster than crystal collectors. 🔮🧙🏽 These crypto cowboys gather - [🚀 GameStop Playing Games? Roaring Kitty's Back, and the Meme Stock Mania Is Going Bananas! 🍌](https://news.shib.io/2024/06/08/%f0%9f%9a%80-gamestop-playing-games-roaring-kittys-back-and-the-meme-stock-mania-is-going-bananas-%f0%9f%8d%8c/): Hold onto your diamond hands, apes, because the meme stock madness of 2021 is staging a comeback! GameStop, the OG of meme stocks, is once again making headlines, all thanks to the return of its most iconic hype man, Keith “Roaring Kitty” Gill. 🐱‍👤 After a three-year social media hiatus, Gill resurfaced with a series of cryptic posts that sent the internet into a frenzy. One post featured a meme-tastic image of a man leaning forward, a symbol well-known to gamers that things are about to get serious. Another post revealed a jaw-dropping $116 million bet on GameStop shares. 🤯🤯🤯 - [Crypto President or Meme Lord? 👑 Trump's 'Presidential' Proclamation at Tech Fundraiser Raises Eyebrows (and Millions) 🤔](https://news.shib.io/2024/06/08/crypto-president-or-meme-lord-%f0%9f%91%91-trumps-presidential-proclamation-at-tech-fundraiser-raises-eyebrows-and-millions-%f0%9f%a4%94/): In a scene straight out of a Silicon Valley fever dream (or perhaps a particularly bizarre episode of “Silicon Valley”), former U.S. President Donald Trump, recently declared himself the “Crypto President” at an exclusive and lavish tech fundraiser in San Francisco. Forget the White House lawn 🏛️– it seems the new battleground for political clout is wherever the Wi-Fi signal is strongest. (﹙˓ 📶 ˒﹚) Yes, you read that right. 🍾💵 But wait, wasn’t this the same guy who once called crypto a “disaster waiting to happen” in 2021? 🌪️💥🌋🌊🔥🤯 Fast forward to 2024, and he’s not only singing a - [Hallelujah! Bitcoin Jesus Walks on Water (Er, Bail Money) in Spain! 🙏💰](https://news.shib.io/2024/06/08/hallelujah-bitcoin-jesus-walks-on-water-er-bail-money-in-spain-%f0%9f%99%8f%f0%9f%92%b0/): Well, butter my Bitcoin and call me Satoshi! It seems our beloved Bitcoin Jesus, Roger Ver, has found himself in a bit of a pickle with the taxman. 🥒💸 But fear not, ye faithful crypto disciples! Our savior has been released on bail in Spain, after coughing up a cool €150,000. Now, that’s what I call a holy offering! 😇💸 Word on the blockchain is that the U.S. Department of Justice is accusing him of some serious tax evasion, to the tune of almost $50 million! Apparently, our Bitcoin Jesus forgot to mention a few minor details about his 131,000 - [Crypto 'Reverend CEO' Preached 'Freedom From The Plantation,' Delivered Penitentiary: An 'Exodus' Gone Astray? 🙏💰](https://news.shib.io/2024/06/08/crypto-reverend-ceo-preached-freedom-from-the-plantation-delivered-penitentiary-an-exodus-gone-astray-%f0%9f%99%8f%f0%9f%92%b0/): Yo, hold my Lambo! 🚗💨 The New York Attorney General is throwing the book at this crypto power couple who allegedly ran not one, but TWO pyramid schemes targeting the Haitian community. 🤯 They promised “freedom from the plantation” with their shady ventures, AWS Mining and NovaTechFX, but all they delivered was a one-way ticket to financial ruin. 💸😭 Cynthia and Eddy Petion, the masterminds behind this alleged scam, weren’t your average crypto hustlers. Oh no, they were much more ambitious. Cynthia, the self-proclaimed “Reverend CEO,” claimed divine inspiration for their ventures, AWS Mining and NovaTechFX, even going as far - [Trump’s $400M Post-Verdict Fundraising Surge](https://news.shib.io/2024/06/08/trumps-400m-post-verdict-fundraising-surge/): Former President Donald Trump announced today that his campaign has raised nearly $400 million in the weeks following a recent high-profile legal verdict. This substantial fundraising total marks one of the largest post-verdict hauls in recent political history and underscores Trump’s enduring influence over the Republican base. how much Trump’s campaign has raised from crypto donations, including Shiba Inu is still unknown. The inclusion of these modern donation methods undeniably showcases the campaign’s adaptability and appeal to a younger, tech-savvy demographic. - [Ethereum Developer Praises Shiba Inu's Market Dominance, Throws Shade on Solana](https://news.shib.io/2024/06/07/ethereum-developer-praises-shiba-inus-market-dominance-throws-shade-on-solana/): Justin Drake, an Ethereum core developer, in a provocative move that has sent shockwaves through the crypto community, has publicly lauded the surprising market dominance of Shiba Inu, while simultaneously casting doubt on Solana’s ability to maintain its position as a top-tier blockchain platform. This unexpected, indirect validation and endorsement from a prominent figure within the Ethereum ecosystem has ignited a fierce debate about the future trajectory of these three major players in the digital asset space. In a recent episode of Bankless, a YouTube channel exploring the frontier of crypto money and crypto finance, Drake, alongside Solana co-founder Anatoly - [Inside NestX: Exclusive Interview on Overcoming Hurdles, Confronting Challenges and Charting New Course](https://news.shib.io/2024/06/07/inside-nestx-exclusive-interview-on-overcoming-hurdles-confronting-challenges-and-charting-new-course/): NestX faces unexpected challenges due to the absence of a core developer. The team remains resilient, transparent, and committed to the platform's future. - [Telegram Unveils 'Stars' Currency, Integrating Seamlessly with TON Blockchain](https://news.shib.io/2024/06/07/telegram-unveils-stars-currency-integrating-seamlessly-with-ton-blockchain/): In a bold new move, Telegram has launched an in-app currency called Stars, as announced by CEO Pavel Durov on Thursday. This innovative currency allows users to make payments for digital services within the platform’s mini apps, marking a significant advancement in Telegram’s ecosystem. Stars enable seamless transactions within Telegram’s mini apps, which are experiencing a massive surge in user adoption. Developers can accept Stars as payment and then exchange them for Toncoin (TON) via the exchange Fragment. TON is the native currency of The Open Network, a blockchain platform formerly called Telegram Open Network, which was first developed by - [Bitcoin's Wild Ride: Surges Past $71,000 Before Sharp Pullback](https://news.shib.io/2024/06/07/bitcoins-wild-ride-surges-past-71000-before-sharp-pullback/): In a dramatic turn of events, Bitcoin experienced significant price fluctuations in the last 24 hours, briefly surging to $71,700 following a notable announcement from the European Central Bank (ECB). The ECB’s decision to cut interest rates sent ripples through the financial markets, providing an initial boost to the leading cryptocurrency. However, this rally was short-lived as Bitcoin quickly retraced, nearly dipping below $70,300, according to CoinMarketCap data, before beginning a gradual recovery to $71,100 at the time of writing. Market analysts observed that the initial dip to around $70,000 did not generate significant trading volume. “The pullback might serve - [Shiba Inu Whale Gets $120M Windfall from SHIB Investment](https://news.shib.io/2024/06/06/shiba-inu-whale-gets-120m-windfall-from-shib-investment/): A Shiba Inu whale, in an astounding demonstration of the lucrative potential within the cryptocurrency market, has achieved an extraordinary $120 million profit from strategically investing in SHIB tokens. This major windfall underscores the high-risk, high-reward nature of crypto investments and highlights the remarkable gains that can be realized through early-stage involvement and keen market insight.  A Shiba Inu (SHIB) whale, a term used to describe individuals or entities holding significant amounts of a particular cryptocurrency, has recently made a massive purchase of 715.9 billion SHIB tokens, valued at $18.44 million, in just six hours. This extraordinary transaction has ignited - [NestX Announces Operational Challenges Due to Developer’s Absence](https://news.shib.io/2024/06/06/nestx-announces-operational-challenges-due-to-developers-absence/): NestX, a flourishing NFT marketplace operating on multiple blockchains including the increasingly popular Shibarium, has encountered a significant operational hurdle due to the unforeseen absence of one of its key developers. The platform, which has garnered attention for its cross-chain capabilities and presence in the vibrant Shiba Inu ecosystem, finds itself grappling with limitations in functionality and expansion plans. Shibarium, a layer-2 scalability solution within the Shiba Inu ecosystem, has witnessed a surge in projects eager to capitalize on its low gas fees and enthusiastic Shib Army community. NestX, among these projects, has been riding the wave of this burgeoning - [$KNINE Milestone: Supply Validations by Leading Crypto Platforms Confirm Market Presence](https://news.shib.io/2024/06/06/knine-milestone-supply-validations-by-leading-crypto-platforms-confirm-market-presence/): KNINE, the driving force behind K9 Finance’s liquid staking derivative platform, has taken a giant leap forward in solidifying its place in the crypto world. The token recently achieved a major milestone: the official verification and integration of its circulating supply on both CoinMarketCap (CMC) and CoinGecko – two of the most reputable and widely used cryptocurrency data platforms. This dual validation, a significant coup for KNINE, was announced by K9 Finance DAO on X (formerly Twitter) with separate posts for each platform: “Supply Now Verified on @coingecko $KNINE circulating supply API has been accepted and integrated into the Coingecko - [Shiba Inu Surges Amid Whale Activity: Is Shib Heading for 0.0001?](https://news.shib.io/2024/06/06/shiba-inu-surges-amid-whale-activity-is-shib-heading-for-0-0001/): In a whirlwind of market activity, Shiba Inu has experienced a significant surge following increased interest from whales. This surge has sparked speculation among enthusiasts, with some anticipating a substantial rise in value. According to market intelligence platform Santiment, the volume of transactions involving $100,000 or more worth of Shiba Inu has more than doubled this week compared to the typical averages so far this year. This surge in whale activity suggests an accumulation of SHIB among major investors. In the past 24 hours alone, nine wallets, two of which are considered whales due to their significant holdings, have collectively - [VanEck Predicts Ethereum to Soar to $22K by 2030: A Game-changer for Crypto Investors](https://news.shib.io/2024/06/06/vaneck-predicts-ethereum-to-soar-to-22k-by-2030-a-game-changer-for-crypto-investors/): On June 5, investment management firm VanEck unveiled a striking new price prediction for Ethereum (ETH), forecasting its value to reach $22,000 by 2030. This ambitious target, rooted in Ethereum’s disruptive potential and its substantial cash flow generation for token holders, marks a significant update from previous projections. VanEck’s latest report underscores Ethereum’s transformative impact across diverse sectors such as finance, banking, payments, marketing, advertising, social media, gaming, infrastructure, and artificial intelligence. The firm posits that the approval of Ether ETFs, alongside comprehensive on-chain data analysis, bolsters this optimistic outlook. The report details how Ethereum-based technology, renowned for its capacity - [Underdog Rising](https://news.shib.io/2024/06/06/underdog-rising/): Read the latest edition of The Shib magazine here. - [Bitcoin Stabilizes Under $71K Amid Spot ETF News, Eyes Critical $72K Level](https://news.shib.io/2024/06/05/bitcoin-stabilizes-under-71k-amid-spot-etf-news-eyes-critical-72k-level/): Bitcoin (BTC), the leading cryptocurrency, has maintained a steady position below the $71,000 mark, despite a wave of positive developments in the world of exchange-traded funds (ETFs). The recent launch of Australia’s first spot Bitcoin ETF and the imminent approval of spot Ethereum ETFs in the United States have generated renewed optimism in the market, though the crucial $72,000 threshold remains a key indicator for potential bullish momentum. The previous week, characterized by low volatility, saw Bitcoin, the world’s largest crypto asset by market capitalization, suffer a 1.1% decline in its price, closing at about a $67,800 trading price. However, - [Redefining Regulations: Hong Kong's Crypto Landscape Takes a New Turn](https://news.shib.io/2024/06/05/redefining-regulations-hong-kongs-crypto-landscape-takes-a-new-turn/): Hong Kong’s regulatory landscape for cryptocurrencies is tightening with every passing day. The city recently expelled all unlicensed crypto exchanges, signaling a stricter stance on regulatory compliance. This move comes amid a wave of transformations in the city’s crypto sector, with major players like OKX, Gate.io, and Huobi withdrawing their applications for virtual asset trading platform licenses. While the departure of these exchanges may raise concerns about Hong Kong’s crypto ambitions, the city is actively steering toward a regulated future for the industry. Select crypto firms, such as HashKey and CSOP Asset Management, have secured licenses to launch Bitcoin ETFs, - [Promising Growth: Shibarium Sees Exponential Surge Across Multiple Fronts](https://news.shib.io/2024/06/05/promising-growth-shibarium-sees-exponential-surge-across-multiple-fronts/): Shibarium, the layer-2 scaling solution for the Shiba Inu ecosystem, has erupted with unprecedented activity across multiple fronts, showcasing its remarkable growth and potential. New accounts have skyrocketed by 3,436%, transaction volumes have surged by 80%, and active users are flocking to the platform, signaling a transformative phase for Shibarium and solidifying its position as a rising powerhouse in the cryptocurrency market. The Shiba Inu development team, in its relentless drive to enhance Shibarium, has been executing a series of strategic steps over the past weeks. Working diligently behind the scenes, these developers have been committed to ensuring that the - [Shytoshi Kusama Drops Hint About 'Massive Scale,' 'Bigger Than This' Projects](https://news.shib.io/2024/06/05/shytoshi-kusama-drops-hint-about-massive-scale-bigger-than-this-projects/): Shytoshi Kusama, the enigmatic leader of the Shiba Inu ecosystem, has hinted at “massive scale” projects that are “bigger than this” in response to a thought-provoking tweet from crypto genius Vitalik Buterin, sparking excitement and speculation within the crypto community, especially since Kusama has previously shared he is in the Middle East. The crypto world was excited when Buterin, the renowned Ethereum mastermind, shared his thoughts on X (formerly Twitter) about his criteria for “celebrity crypto projects” to earn his respect, sparking a flurry of responses. Buterin laid out a blueprint for celebrity crypto projects, where he emphasized three essential - [Kusama Hints at Major Shiba Inu Developments Following Middle East Trip](https://news.shib.io/2024/06/05/kusama-hints-at-major-shiba-inu-developments-following-middle-east-trip/): Kusama’s reference to “cousins” and the use of the Arabic phrase “inshallah” (God willing) suggest a potential connection to the Middle Eastern crypto community. - [DefiLlama Now Tracks Mantra Protocol on Shibarium: A DeFi Milestone](https://news.shib.io/2024/06/04/defillama-now-tracks-mantra-protocol-on-shibarium-a-defi-milestone/): DefiLlama, the leading DeFi analytics platform, has expanded its coverage to include Mantra, an NFT marketplace and lending protocol on the Shibarium network. The move underscores the growing importance of interoperability and liquidity solutions within the NFT space. DefiLlama has emerged as a go-to resource for tracking the total value locked (TVL) across various decentralized finance (DeFi) protocols. Its user-friendly interface provides real-time data on TVL, lending platforms, yield farms, and liquidity pools. It offers users a comprehensive view of the DeFi landscape by aggregating information from multiple platforms,  “Being listed in Defillama brings to the ground the fact that - [Shytoshi Kusama Hints at Major Shiba Inu Developments Following Middle East Trip](https://news.shib.io/2024/06/04/shytoshi-kusama-hints-at-major-shiba-inu-developments-following-middle-east-trip/): Following a recent trip to the Middle East, Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, has sparked excitement within the crypto community by hinting at major developments for the popular meme coin. His cryptic social media message, referencing “cousins” and invoking “inshallah,” has ignited speculation about potential partnerships, collaborations, or even new use cases for SHIB in the region, further solidifying its position as a global contender in the cryptocurrency arena. Shy, as he is fondly called by the Shib Army, in a recent X post, expressed his appreciation for the region’s culture and hinted at potential collaborations - [Unstoppable: Shiba Inu Burn Rate Soars to Five Digits, Defying Recent Dip ](https://news.shib.io/2024/06/04/unstoppable-shiba-inu-burn-rate-soars-to-five-digits-defying-recent-dip/): The Shiba Inu (SHIB) community is abuzz with excitement as the token’s burn rate defies recent declines and soars to an unprecedented five-digit figure. This unexpected surge has reignited enthusiasm among the Shib Army and the broader Shiba Inu community, actively working to reduce the circulating supply of SHIB and potentially increase its value. The Shiba Inu burn mechanism involves sending SHIB tokens to a “dead wallet,” a cryptocurrency wallet with inaccessible private keys, removing them from the market forever. This deflationary measure decreases the total supply of SHIB, making the remaining tokens more scarce and potentially driving up their - [Shiba Inu Marketing Lead Hints at $KNINE Integration on Shibarium: A Tail Wagger for Holders?](https://news.shib.io/2024/06/04/shiba-inu-marketing-lead-hints-at-knine-integration-on-shibarium-a-tail-wagger-for-holders/): The Shiba Inu community is abuzz after Lucie, the project’s marketing lead, sent a cryptic tweet, hinting at the integration of K9 Finance’s $KNINE on Shibarium, the layer-2 scaling solution for Shiba Inu. The tweet, which read “$KNINE ‍↔️ Soon on #Shibarium,” has sparked speculation and excitement among investors. KNINE is a native token for the K9 Finance DAO (Decentralized Autonomous Organization), where token holders actively govern the project. It plays a crucial role in the Shib ecosystem by enabling liquid staking and enhancing BONE staking processes within Shibarium. Recently, LBank Exchange announced the listing of KNINE, allowing users to trade the KNINE/USDT - [Thailand Joins the Bitcoin ETF Trend](https://news.shib.io/2024/06/04/thailand-joins-the-bitcoin-etf-trend/): Thailand has entered the growing global Bitcoin ETF market by approving One Asset Management (ONEAM) to launch a Bitcoin ETF. This new financial instrument, known as the ONE Bitcoin ETF Fund of Funds Unhedged, marks a significant step for Thailand’s financial market and is set to be available exclusively to institutional investors. The Thai Securities and Exchange Commission (SEC) has sanctioned the distribution of the ONE Bitcoin ETF from May 31 to June 6, 2024. This ETF comes with an investment risk level of eight, indicating a high-risk profile typical of cryptocurrency investments. This approval follows the Thai SEC’s recent - [Shiba Inu Makes Inroads with Inclusion in CF Benchmarks' Large Cap Index](https://news.shib.io/2024/06/04/shiba-inu-makes-inroads-with-inclusion-in-cf-benchmarks-large-cap-index/): Shiba Inu (SHIB), the popular altcoin with a loyal doggo army, has notched a significant win by being included in CF Benchmarks’ Large Cap Asset Index. This move signifies a growing recognition for SHIB within the institutional investment sphere. CF Benchmarks is a well-respected provider of institutional-grade cryptocurrency benchmarks. Its Large Cap Asset Index tracks the performance of the top digital assets by market capitalization, offering a broad gauge of the cryptocurrency market’s health. Inclusion in this index positions SHIB alongside established giants like Bitcoin and Ethereum, lending it a legitimacy it previously lacked. The news comes amid a period - [SolKiller (DAMN) Gains First CEX Listing: A Major Milestone for the Meme Coin on Shibarium ](https://news.shib.io/2024/06/04/solkiller-damn-gains-first-cex-listing-a-major-milestone-for-the-meme-coin-on-shibarium/): SolKiller (DAMN), the meme coin making waves in the Shibarium network, has achieved a major milestone by securing its first centralized exchange (CEX) listing on JuCoin. This monumental step opens up new opportunities for increased trading activity, liquidity, and exposure for the rising star of Shibarium. Cryptocurrency exchange platform JuCoin announced the upcoming listing of SolKiller (DAMN) on its platform. The trading pair DAMN/USDT will go live at 20:00 (UTC+8) on Saturday, with deposits opening at 20:00 (UTC+8) Thursday. This listing represents a significant milestone for DAMN, positioning it for greater visibility and accessibility in the crypto market. Leveraging the - [Crypto Politics: Biden Vetoes HJ 109 While Trump Embraces Cryptocurrency Donations](https://news.shib.io/2024/06/03/crypto-politics-biden-vetoes-hj-109-while-trump-embraces-cryptocurrency-donations/): President Joe Biden, in a dramatic turn of events that underscores the deepening intersection of cryptocurrency and U.S. politics,  vetoed House Joint Resolution 109 (HJ 109) last Friday–a move that has reignited fierce debate over the regulation of digital assets. Meanwhile, former President Donald Trump has taken a contrasting approach by embracing cryptocurrency donations for his 2024 presidential campaign, marking a historic first for a major party candidate.  This contrast in political strategies underscores the increasing importance of cryptocurrencies in the American political and financial arenas, setting the stage for a contentious and pivotal election year. The Fallout from Biden’s - [Michael Saylor Settles Historic $40 Million Income Tax Case with District of Columbia](https://news.shib.io/2024/06/03/michael-saylor-settles-historic-40-million-income-tax-case-with-district-of-columbia/): Michael Saylor, the executive chairman and co-founder of MicroStrategy, has agreed to a $40 million settlement in an income tax fraud case with the District of Columbia. This settlement, the largest of its kind in D.C. history, was announced by Attorney General Brian Schwalb on Monday. The case against Saylor and MicroStrategy, filed in August 2022, accused Saylor of evading more than $25 million in D.C. taxes by misrepresenting his residence. While Saylor claimed residency in Florida or Virginia, the D.C. government alleged he lived within the U.S. capital’s jurisdiction to benefit from lower tax rates. The lawsuit also implicated - [Shiba Inu Surges on Robinhood, Leaving Established Players in the Dust](https://news.shib.io/2024/06/03/shiba-inu-surges-on-robinhood-leaving-established-players-in-the-dust/): Shiba Inu (SHIB) has secured the second position in Robinhood’s list of top 10 cryptocurrencies with the most weekly gains.  Notably, SHIB managed to outperform major cryptocurrencies like Ethereum (ETH) and Bitcoin (BTC) on the leading investment platform. According to Robinhood’s data, SHIB experienced a price increase of approximately 6.7% over the past seven days. This placed it behind Uniswap (UNI), which secured the top spot with a surge of 14.6%. However, it’s important to note that SHIB’s outperformance wasn’t limited to just UNI. It also eclipsed established players like Ethereum (ETH) and Bitcoin (BTC) on Robinhood’s rankings. Over the - [Binance Suspends Cash Payments for P2P Crypto Trading in India](https://news.shib.io/2024/06/03/binance-suspends-cash-payments-for-p2p-crypto-trading-in-india/): Major cryptocurrency exchange Binance has suspended cash payments for peer-to-peer (P2P) trading in India, citing regulatory compliance and enhanced security measures. The move comes amid a backdrop of increasing scrutiny of the crypto industry by Indian authorities. Effective immediately, Binance users in India can no longer buy or sell supported cryptocurrencies by depositing or receiving cash payments. While the suspension eliminates cash as a payment option, Indian users can still leverage alternative methods like bank transfers and digital wallets for P2P transactions. These methods are generally considered more transparent and easier to track, potentially mitigating money laundering risks. P2P trading - [Australia to Launch Its First Spot Bitcoin ETF Tuesday](https://news.shib.io/2024/06/03/australia-to-launch-its-first-spot-bitcoin-etf-tuesday/): Australia is set to join the growing list of countries offering spot Bitcoin exchange-traded funds (ETFs) with the launch of its first such product expected on Tuesday. Monochrome Asset Management has announced that the Bitcoin ETF (IBTC) will begin trading on June 4, pending any last-minute delays. The ETF will trade under the ticker IBTC and will carry a management fee of 0.98%. Monochrome Asset Management, the issuer of the ETF, aims to provide investors with a regulated means of gaining exposure to Bitcoin. The ETF tracks the CME CF Bitcoin Reference Rate index, ensuring that the investment is tied - [Beyond the Bars: The Ripple Effect of CZ’s Imprisonment on the Cryptocurrency Landscape](https://news.shib.io/2024/06/03/beyond-the-bars-the-ripple-effect-of-czs-imprisonment-on-the-cryptocurrency-landscape/): Binance founder and former CEO Changpeng Zhao, known as CZ, in a pivotal moment, has commenced his four-month sentence at a low-security federal prison in Lompoc, California. This development, stemming from his guilty plea to charges of facilitating money laundering, not only marks a significant chapter in his saga but also sends ripples across the entire crypto landscape, raising questions about the broader implications for the market. CZ’s imprisonment is a stark reminder of the heightened regulatory scrutiny facing the cryptocurrency sector. The low-security prison where CZ will serve his sentence is designed for prisoners who are not considered dangerous - [Shibarium Team Urges Caution and Due Diligence in the Crypto Sphere](https://news.shib.io/2024/06/03/shibarium-team-urges-caution-and-due-diligence-in-the-crypto-sphere/): The Shibarium Tech Admin has raised a note of caution to all users of Shiba Inu’s Layer 2 platform, emphasizing the critical importance of conducting thorough, independent research (DYOR) in a recent advisory.  This call to action underscores the need for investors to move beyond the influence of well-known personalities and focus on evaluating the true technical merits and potential demand of projects within the Shibarium ecosystem. The Shibarium Team via DaVinci, its pseudonymous administrator of Shibarium Tech’s Discord and Telegram channels, has issued a statement urging users to exercise caution and conduct thorough research before making any investment decisions - [WALK Token: Netizens' Investigation Reveals Shocking Crypto Dumping Incident](https://news.shib.io/2024/06/03/walk-token-netizens-investigation-reveals-shocking-crypto-dumping-incident/): An extensive investigation by vigilant netizens has uncovered a massive dumping incident involving the WALK token, in a stunning revelation that has sent shockwaves through the cryptocurrency community, particularly within the Shib Army. The unprecedented selloff has surprised a lot of Shibizens, prompting urgent calls for greater transparency and accountability within the crypto space. The Shiba Inu ecosystem, known for its vibrant community and meme-inspired tokens, recently witnessed a dramatic series of events that have raised questions about the integrity of token transactions and the identities of those involved. At the heart of the controversy is the WALK token, which - [🃏 Meme Coin Mania: Whales Go All-In, Pepe Gets Dumped, Shiba Inu's the New Bae? 🤑](https://news.shib.io/2024/06/01/%f0%9f%83%8f-meme-coin-mania-whales-go-all-in-pepe-gets-dumped-shiba-inus-the-new-bae-%f0%9f%a4%91/): Ah, meme coins—the chaotic thrill ride where reason gets a rain check and hype runs the show. Welcome to the crypto carnival, where every day is a new spectacle. Today’s stars? The enigmatic whales who treat meme coins like their personal playground. 🍿 Buckle up, folks! Whale Tales: The Real Movers and Shakers 🐋 While celebs are busy tweeting and hyping, the true market maestros are the whales—those massive crypto investors whose trades can shake the entire market. Case in point: one smart whale recently deposited a jaw-dropping 1.97 trillion $PEPE (worth $6.07 million) to Binance, pocketing a tidy $3.49 - [Shiba Inu (SHIB) Whale Unleashes Fury: Dogecoin Left Chasing Its Tail 🐕💥](https://news.shib.io/2024/06/01/shiba-inu-shib-whale-unleashes-fury-dogecoin-left-chasing-its-tail-%f0%9f%90%95%f0%9f%92%a5/): Kicking off 2024 as the scrappy underdog, SHIB was trading for less than a fraction of a penny. But then—zoom! 🚀—it rocketed over 450%, hitting a yearly high in February. While it’s still shy of its 2021 glory days, this altcoin is definitely flexing its muscles.🏆 Here’s where it gets interesting: crypto whales—those deep-pocketed titans of the crypto world—are diving headfirst into the SHIB pond. Meanwhile, Dogecoin, the original meme coin, seems to be…well, taking a nap. 💤 Let’s be real, DOGE has been about as exciting as watching paint dry lately. 💤 Large transactions have plummeted, and active users - [The SEC: Protecting Investors... From Making Money?🤨](https://news.shib.io/2024/06/01/the-sec-protecting-investors-from-making-money%f0%9f%a4%a8/): In the annals of cryptocurrency history, one cannot overlook the missteps and losses that the U.S. Securities and Exchange Commission (SEC) has faced in its attempts to regulate the ever-evolving crypto space. From denying applications to questionable classifications, the SEC has had its fair share of setbacks, with twists and turns, laughs, and a fair share of facepalm. Let’s recap, shall we? Grayscale’s Victory Dance: First up, we have the SEC denying Grayscale’s bid to convert its Bitcoin Trust into a spot ETF. But hold your horses, folks! The Court of Appeals for the D.C. Circuit swooped in, calling out - [Lights, Camera, Rug Pull? 😱 Celebs Are Cashing In on Crypto, But Will You? 🤑](https://news.shib.io/2024/06/01/lights-camera-rug-pull-%f0%9f%98%b1-celebs-are-cashing-in-on-crypto-but-will-you-%f0%9f%a4%91/): Lights, cameras, crypto! Hollywood’s elite are ditching the red carpet for meme coin mania, but is this a blockbuster hit or a B-movie flop waiting to unravel? 🤔 Who needs Hollywood drama when you’ve got meme coins? 🎭 Celebrities are boarding the crypto train faster than you can say “blockchain.” But beware, not all that shines is gold – some stars come with a shady past. 🤨 Will the crypto community hold them accountable, or will it all vanish in the next pump? 🤔 The surge of celebrity-backed tokens has split the community. From Caitlyn Jenner’s token spree to Iggy - [The Weekly Meme Digest - June 1, 2024](https://news.shib.io/2024/06/01/the-weekly-meme-digest-3/): Hello, crypto aficionados and meme coin maestros! 🚀 Buckle up, because this week’s crypto rollercoaster is nothing short of exhilarating, with more twists and turns than a season finale of your favorite binge-worthy series. 🎢 The SEC’s Epic Fails: Let’s start with the U.S. Securities and Exchange Commission (SEC), our favorite regulatory punching bag. 🥊 This week, the SEC racked up more L’s than a meme coin rug puller. Seriously, watching them chase after crypto projects is like watching a dog chase its tail – hilarious, futile, and a little bit sad. 🐶 Just when you think they might have - [From Protector to Crypto Collector: The Curious Case of the Bitcoin Inspector](https://news.shib.io/2024/06/01/from-protector-to-crypto-collector-the-curious-case-of-the-bitcoin-inspector/): Move over, Hollywood – the wildest crypto drama is unfolding in India’s tech hub! This ain’t your average hack story, folks. A hacker stole a mountain of Bitcoin, but then… the COPS HACKED HIM BACK! 🤯🤯🤯 In the fast-paced city of Bengaluru, India’s tech hub, a thrilling tale of cat-and-mouse unfolds – but with a twist that’ll make your head spin. 🤯 More than just your usual hacker story; it’s a saga of double-crossing, digital intrigue, and the blurred lines between law enforcement and cybercrime. 🕵️‍♀️ Picture this: It’s 2017, and Bengaluru’s startup scene is buzzing with crypto fever. ₿ - [The Shib Magazine Cover NFTs See Surge in Trading, Over 700 Sold on Mantra Protocol](https://news.shib.io/2024/05/31/the-shib-magazine-cover-nfts-see-surge-in-trading-over-700-sold-on-mantra-protocol/): In a remarkable development in Shiba Inu news and media, over 700 The Shib Magazine cover NFTs have been traded on the Mantra marketplace. The milestone reflects a significant increase in the interest and activity surrounding the magazine’s unique covers, according to a recent tweet by a Shib Army member who goes by the name Shib Mehta. “Well, I put this tweet just to make people aware about what’s currently happening and what could you anticipate in the future,” Mehta told The Shib Daily. The Shib Magazine distributes thousands of free NFTs every week in the form of magazine covers. - [Tangem Launches Japanese Telegram Channel, SHIB Holders to Receive Updates in Native Language](https://news.shib.io/2024/05/31/tangem-launches-japanese-telegram-channel-shib-holders-to-receive-updates-in-native-language/): Tangem, a leading provider of secure cryptocurrency hardware wallets, has expanded its community outreach efforts by launching a dedicated Japanese-language Telegram channel. The strategic move aims to foster better communication with the growing Japanese-speaking audience, providing timely updates, educational content, and a platform to engage directly with the Tangem team. “We launched a Japanese Telegram channel to engage with our Japanese users in their native language directly, ensuring they feel comfortable and well-informed about our updates and activities. This move is part of our broader mission to stimulate mass crypto adoption, offering user-friendly and easy-to-use products, and communication in our - [Crypto Election Drama: TRUMP Token Plummets After Guilty Verdict, Jeo Boden Surges](https://news.shib.io/2024/05/31/crypto-election-drama-trump-token-plummets-after-guilty-verdict-jeo-boden-surges/): In a striking turn of events, the TRUMP coin has plummeted 35% Friday following a New York jury’s guilty verdict against former U.S. President Donald Trump on all 34 counts of falsifying business records. The unprecedented conviction, making Trump the first U.S. ex-president to be convicted of a felony, has sent shockwaves through both the political and cryptocurrency landscapes. Conversely, the Jeo Boden token, a meme coin inspired by current President Joe Biden, surged 20% in the wake of the news. This stark contrast between the two tokens’ fortunes highlights the volatile and reactive nature of the burgeoning crypto market - [Shiba Inu's Marketing Lead Warns Against Celebrity-Fueled Crypto Frenzy](https://news.shib.io/2024/05/31/shiba-inus-marketing-lead-warns-against-celebrity-fueled-crypto-frenzy/): Shiba Inu (SHIB) has captured the hearts (and wallets) of many crypto enthusiasts. However, Lucie, the marketing lead for Shiba Inu, is now raising concerns about a different kind of frenzy: celebrity-endorsed cryptocurrencies. Lucie recently issued a stark warning via social media, urging investors to tread cautiously when it comes to digital tokens backed by famous faces. The Rise of Celebrity Coins The past few months have seen a surge in celebrity-themed cryptocurrencies. From musicians and athletes to actors and social media influencers, a growing number of A-listers are jumping on the crypto bandwagon, promoting or launching their own digital - [Ethereum ETF Approval: Cathie Wood Sparks Controversy, Hints at Political Play](https://news.shib.io/2024/05/30/ethereum-etf-approval-cathie-wood-sparks-controversy-hints-at-political-play/): ARK Invest CEO Cathie Wood stirred controversy by suggesting the recent approval of Ethereum Exchange-Traded Fund (ETF) proposals may have been driven by political considerations rather than standard regulatory procedures, citing a lack of communication from the SEC and former President Trump’s growing affinity for cryptocurrencies. Wood, known for her bullish stance on cryptocurrencies, expressed surprise and skepticism at the Ethereum ETF approval, stating that there were no prior indications from the U.S. Securities and Exchange Commission (SEC) that it was forthcoming. She said that the industry consensus was against approval and the lack of communication from the SEC raised - [Crypto Genius Buterin Fights For Tornado Cash Developers' Freedom Amid Regulatory Crackdown](https://news.shib.io/2024/05/30/crypto-genius-buterin-fights-for-tornado-cash-developers-freedom-amid-regulatory-crackdown/): Amid a regulatory crackdown on cryptocurrency privacy tools, Ethereum co-founder and crypto genius Vitalik Buterin has stepped up to champion the cause of Tornado Cash developers facing legal battles, donating a significant sum to their defense fund and reigniting the debate on privacy rights in the digital age. Data from Ethereum blockchain explorer Etherscan showed that Buterin donated a substantial 30 ETH (approximately $111,000) to a legal defense fund for Tornado Cash developers. The fund, established through Juicebox, aimed to support Alexey Pertsev and Roman Storm, who were facing legal challenges for their alleged role in facilitating illicit activities through - [Shiba Inu Perpetual Futures Now Live on Coinbase International Exchange and Coinbase Advanced](https://news.shib.io/2024/05/30/shiba-inu-perpetual-futures-now-live-on-coinbase-international-exchange-and-coinbase-advanced/): Shiba Inu (SHIB) has gained another layer of accessibility for traders today as Coinbase International Exchange and Coinbase Advanced launched perpetual futures for the popular decentralized cryptocurrency. Coinbase International Exchange and Coinbase Advanced began offering perpetual futures for SHIB starting today. This marks a significant development for the Shib ecosystem, potentially increasing accessibility and attracting new investors with a taste for leveraged trading. Perpetual futures contracts are financial instruments that track the underlying asset (in this case, SHIB) but don’t have a fixed settlement date. Traders can now speculate on SHIB’s price movements in more ways than just traditional spot - [Vanguard Holds Firm Against Ethereum ETFs Amid Industry Rush](https://news.shib.io/2024/05/30/vanguard-holds-firm-against-ethereum-etfs-amid-industry-rush/): Despite the growing frenzy surrounding Ethereum ETFs, investment giant Vanguard is standing firm on its decision not to offer spot Ethereum ETFs on its brokerage platform. This move comes even as competitors rush to capitalize on the burgeoning crypto market, highlighting Vanguard’s cautious approach to digital assets. Nate Geraci, president of ETF Store, shared on X (Twitter) that Vanguard will not offer spot Ethereum ETFs on its brokerage platform. This information aligns with Vanguard’s previous stance on not offering spot Bitcoin ETFs and their cautious approach towards cryptocurrency investments. Expert Weighs In on Vanguard’s Decision Bloomberg Intelligence ETF analyst Eric - [Gemini Returns $2.18 Billion to 'Earn' Users: Unprecedented Recovery After 18-Month Withdrawal Pause](https://news.shib.io/2024/05/30/gemini-returns-2-18-billion-to-earn-users-unprecedented-recovery-after-18-month-withdrawal-pause/): Cryptocurrency exchange Gemini announced on Wednesday the distribution of $2.18 billion worth of digital assets to users of its Earn program. This comes after an 18-month suspension of withdrawals, following the collapse of its lending partner, Genesis Global Capital, amid the fallout from the FTX crisis. The repayment marks a significant recovery for users who had their assets locked in the Earn program, with the reimbursement representing a 232% recovery rate. Tyler and Cameron Winklevoss, co-founders of Gemini, said this unprecedented outcome is due to a series of settlements and contributions aimed at making defrauded investors whole again. “Today, Earn - [Shiba Inu and Altcoins Set for $1 Trillion Altseason Boom, Says Seasoned Crypto Investor](https://news.shib.io/2024/05/30/shiba-inu-and-altcoins-set-for-1-trillion-altseason-boom-says-seasoned-crypto-investor/): Seasoned crypto investor Jelle, who uses the X handle @CryptoJelleNL, sent a wave of excitement coursing through the crypto-verse with his recent tweet: “#Altcoins are about to remind everyone what a real bull market looks like. We have seen nothing yet.” Jelle’s prediction hinges on the possibility of a full-blown alt season, a period where altcoins (alternative coins to Bitcoin) experience a significant surge in price and market dominance, potentially leading to a $1 trillion boom. The bullish sentiment comes amid a strong performance by Shiba Inu (SHIB) surpassing Cardano (ADA) in market capitalization. Notably, after a prolonged crypto winter, - [Shiba Inu Explodes Into Top 8 Crypto Rankings Amid 169% Trading Volume Surge](https://news.shib.io/2024/05/30/shiba-inu-explodes-into-top-8-crypto-rankings-amid-169-trading-volume-surge/): Shiba Inu, the dog-themed cryptocurrency that emerged as a playful meme, has unleashed a ferocious rally, catapulting itself into the ranks of the top 10 cryptocurrencies by market capitalization. This meteoric rise, marked by a staggering 169% surge to over 5 trillion SHIB tokens traded, has propelled SHIB to the 8th spot by 24-hour volume on CoinMarketCap, solidifying its position as a major player in the dynamic and growing crypto landscape. On Wednesday, Shiba Inu experienced an extraordinary surge in daily transaction volume, reaching a staggering 5.354 trillion SHIB estimated to be valued at more than $132 million. This remarkable - [ChewySwap Expands Accessibility with Multilingual Dapp on Shibarium](https://news.shib.io/2024/05/30/chewyswap-expands-accessibility-with-multilingual-dapp-on-shibarium/): ChewySwap, a decentralized exchange (DEX) built on the Shibarium layer-2 blockchain, has taken a significant step towards inclusivity by introducing a multilingual dapp (decentralized application). This update allows users to navigate the platform and swap tokens in their native language, removing a potential barrier for non-native English speakers. With the new feature, ChewySwap now supports a total of 28 languages. Users can easily switch between languages using the globe icon located in the top right corner of the dapp interface. This functionality caters to a wider global audience, fostering a more accessible and user-friendly experience for cryptocurrency enthusiasts worldwide. ChewySwap - [Meme Coins to Lead the Market? Crypto Expert Makes Bullish Call](https://news.shib.io/2024/05/30/meme-coins-to-lead-the-market-crypto-expert-makes-bullish-call/): Once dismissed as mere internet jokes, meme coins are now capturing the attention of investors and reshaping the landscape. A prominent crypto expert tweeted about this paradigm shift Wednesday, asserting that meme coins are no longer the last rung of desirability. Instead, they are leading the charge. Andrew Kang, co-founder of Mechanism Capital, a crypto-focused venture capital firm, made a bold statement saying, “Meme coins pumping are no longer indicators of local tops because meme coins are no longer the last rung of desirability as a sector. In fact, they are the sector that new capital allocators believe in the - [BlackRock's Ethereum ETF Filing Raises Anticipation of Summer Launch](https://news.shib.io/2024/05/30/blackrocks-ethereum-etf-filing-sparks-anticipation-of-summer-launch/): BlackRock, the world’s leading asset management firm, has ignited a wave of optimism in the cryptocurrency market by filing its S-1 registration statement for a spot Ethereum Exchange-Traded Fund (ETF) with the U.S. Securities and Exchange Commission (SEC). This step signals a remarkable progression towards the launch of a spot Ethereum ETF, a development that has set the crypto world abuzz with anticipation. The development came hot on the heels of similar filings by Grayscale, Bitwise, and other major players in the financial sector. The move highlighted the firm’s intent to launch the iShares Ethereum Trust, potentially as early as - [Shiba Eternity Nears P2E? V1.2.8 Now Live With Major Boshi Balancing and New Abilities](https://news.shib.io/2024/05/30/shiba-eternity-nears-p2e-v1-2-8-now-live-with-major-boshi-balancing-and-new-abilities/): Shiba Eternity could be edging closer to its Play-to-Earn (P2E) model with the release of version 1.2.8. This latest update, rolled out by Shiba Inu Games, focuses on significant balancing of Boshi powers, introducing new abilities, and enhancing overall gameplay.  The update, which went live this week, brings a wealth of optimizations to the collectible card game Shiba Eternity. Players can now enjoy a more strategic and balanced Dogjo environment, thanks to meticulous adjustments and improvements implemented in version 1.2.8. This update is designed to enhance gameplay by addressing community feedback, ensuring fairer matches, and introducing new abilities that enrich - [Shibarium Bridge Enhancements Decrease BONE Transfer Time from 7 Days to 45 Minutes](https://news.shib.io/2024/05/29/shibarium-bridge-enhancements-decrease-bone-transfer-time-from-7-days-to-45-minutes/): Shibarium, Shiba Inu’s layer-2 (L2) scaling solution, has just made improvements to its bridge to Ethereum, drastically reducing the time it takes to transfer BONE tokens between the networks, according to the Shiba Inu development team. Previously, users had to wait 7 days for their BONE tokens to be transferred from Shibarium to Ethereum. The week-long lock-in period was designed to keep users engaged on Shibarium for longer periods of time in order to support token value. However, in a move to enhance user experience and efficiency while ensuring network stability, Shibarium has now reduced the bridge time from 7 - [Shib Eyes Wall Street](https://news.shib.io/2024/05/29/shib-eyes-wall-street/): Read the latest edition of The Shib magazine here. - [Mastercard Simplifies Crypto Transactions with 'Crypto Credential'](https://news.shib.io/2024/05/29/mastercard-simplifies-crypto-transactions-with-crypto-credential/): Mastercard has taken a significant leap in simplifying cryptocurrency transactions with the launch of its Crypto Credential, a groundbreaking initiative that allows users to send and receive digital assets using simple usernames instead of complicated wallet addresses. This innovation announced Wednesday marks a new era in the crypto space, making transactions more accessible and secure for users worldwide. Mastercard’s Crypto Credential initiative, announced in April last year, is designed to streamline cryptocurrency transactions by enabling users to utilize easy-to-remember aliases rather than traditional and often cumbersome blockchain addresses. This significantly reduces the potential for errors, enhancing user experience and boosting - [Ripple Pours $25 Million into Crypto-Focused Super PAC Fairshake](https://news.shib.io/2024/05/29/ripple-pours-25-million-into-crypto-focused-super-pac-fairshake/): In a move that has caught the attention of both crypto enthusiasts and skeptics alike, payments giant Ripple on Wednesday announced a $25 million donation to Super PAC committed to supporting pro-crypto, pro-innovation political candidates during the 2024 elections. This is Ripple’s second contribution to Fairshake within a year, doubling its total contribution to the super PAC to $50 million. With this, Ripple has become its largest donor, swelling the crypto industry’s war chest to over $110 million. CEO Brad Garlinghouse emphasized that Ripple’s contributions to Fairshake are part of its broader efforts to educate voters on crypto’s future role and - [UK Digital Bank to Ban Crypto Transactions Starting Thursday](https://news.shib.io/2024/05/29/uk-digital-bank-to-ban-crypto-transactions-starting-thursday/): London-based challenger bank Kroo has announced a ban on all cryptocurrency related transactions for its customers, effective Thursday. The bank’s updated terms and conditions specify that this measure aims to “help keep user accounts and money safe.” Kroo’s new policy states that it will stop processing bank transfers or card payments associated with crypto asset providers. Additionally, the bank will freeze or restrict accounts used to purchase or trade cryptocurrencies and potentially block accounts that receive funds from crypto transactions. “If we detect such activity, we will not process the payments involved, and if you persistently make such transactions, we - [Shiba Inu Soars: Shytoshi Kusama Reacts to Positive Market Outlook](https://news.shib.io/2024/05/29/shiba-inu-soars-shytoshi-kusama-reacts-to-positive-market-outlook/): The Shiba Inu (SHIB) community is abuzz with positive developments, including a recent price surge, bullish market projections, and a well-known investor’s renewed support.  The news comes as pseudonymous Shiba Inu’s lead developer, Shytoshi Kusama, acknowledged a proposed buying strategy from a prominent figure in the cryptocurrency space on X (formerly Twitter). Early Bitcoin Adopter Backs SHIB Davinci Jeremie, a Bitcoin proponent known for his influential 2013 YouTube video, recently shifted his focus to SHIB, advocating for the canine-themed cryptocurrency and proposing a similar investment strategy on X.  Kusama responded to the tweet with a bullish gif. SHIB Price Poised - [Pixelverse: A Cyberpunk Quest with SocialFi Ambitions](https://news.shib.io/2024/05/29/pixelverse-a-cyberpunk-quest-with-socialfi-ambitions/): Pixelverse emerges as a new player in the world of cyberpunk web browser games, featuring quest-based gameplay, social features, and a “risk-to-earn” model. Inspired by the popular Pixels.xyz, Pixelverse is carving its own niche with a focus on accessibility, and social engagement. Pixelverse founders Kori Leon and Mamad shared insights into this groundbreaking project in an interview with The Shib Daily. While inspired by Pixels.xyz, Pixelverse carves its own niche by incorporating social features. “We are quite different,” says Kori Leon, co-founder of Pixelverse. “We don’t just focus on gaming. We’re a SocialFi project.” Mamad, another co-founder, emphasizes their community-driven - [Hong Kong's SFC to Conduct On-Site Inspections of Crypto Platforms Ahead of Key Compliance Deadline](https://news.shib.io/2024/05/29/hong-kongs-sfc-to-conduct-on-site-inspections-of-crypto-platforms-ahead-of-key-compliance-deadline/): Hong Kong’s ambition to establish itself as a premier cryptocurrency hub is facing a critical test as the Securities and Futures Commission (SFC) prepares for on-site inspections of crypto trading platforms. This comes ahead of a compliance deadline on June 1. By this date, all virtual asset trading platforms (VATPs) operating in Hong Kong must either be fully licensed or hold a temporary “deemed-to-be-licensed” status, pending full compliance. The SFC’s inspections aim to ensure that these platforms meet stringent regulatory standards, particularly in safeguarding client assets and adhering to KYC protocols. Failure to comply with these regulations beyond the deadline - [Shiba Inu Surpasses Cardano, Breaks Into Top 10 Cryptocurrencies Amid Double-Digit Rally](https://news.shib.io/2024/05/29/shiba-inu-surpasses-cardano-breaks-into-top-10-cryptocurrencies-amid-double-digit-rally/): Shiba Inu (SHIB) has surged past Cardano (ADA) to secure a spot among the top 10 cryptocurrencies by market capitalization. This impressive feat, marked by a double-digit rally with SHIB’s value increasing by 14.54% in the past week, highlights the growing investor enthusiasm and the expanding ecosystem behind the popular meme coin.  Shiba Inu now ranks 10th with a market capitalization of $16.71 billion, just ahead of Cardano’s $16.45 billion, based on the latest data from CoinMarketCap. The surge in Shiba Inu’s value can be attributed to several factors, including increased investor interest, recent technological developments, and broader market trends - [Early Bitcoin Adopter Davinci Jeremy Shills Shiba Inu, Predicts 109% SHIB Surge](https://news.shib.io/2024/05/29/early-bitcoin-adopter-davinci-jeremy-shills-shiba-inu-predicts-109-shib-surge/): Early Bitcoin adopter and renowned crypto analyst Davinci Jeremy has ignited excitement among Shiba Inu (SHIB) investors with his latest video, predicting a bullish breakout. Davinci, who gained fame for his prescient advice, confidently asserts that despite recent dips, Shiba Inu is set for a significant surge, potentially reaching $0.00002853—an increase of over 109% from its current price. In a video that spans less than 30 seconds, Davinci said, “I told you guys to buy Shiba. Now you want to know, okay, pumped, made some money. What do we do now? It’s going down, right? Well, I’m telling you, once - [Salame's Cryptic X Posts Following 7.5-Year Sentence for Illegal Political Contributions Spark Speculation](https://news.shib.io/2024/05/29/salames-cryptic-x-posts-following-7-5-year-sentence-for-illegal-political-contributions-spark-speculation/): Following his prison sentence for illegal political contributions, the cryptic and introspective X posts of Ryan Salame, former co-CEO of FTX Digital Markets, have ignited a storm of speculation within the cryptocurrency community. With each enigmatic update, Salame offers a window into his mindset, sparking discussions about resilience, accountability, and the complexities of navigating the legal landscape in the digital age.  Salame, a close associate of disgraced FTX founder Sam Bankman-Fried, was sentenced to to a seven and a half years in prison on Tuesday for his role in illegal political contributions and operating an unlicensed money-transmitting business. U.S. District - [Stunning Reversal: SEC's Debt Box Case Crumbles, Court Orders Regulator To Pay $1.8M](https://news.shib.io/2024/05/29/stunning-reversal-secs-debt-box-case-crumbles-court-ordes-agency-to-pay-1-8m/): The U.S. Securities and Exchange Commission’s (SEC) case against the cryptocurrency company Debt Box has, in a stunning reversal, crumbled, with the agency being fined $1.8 million for abuse of power. The U.S. District Court for the District of Utah issued this landmark ruling, highlighting “bad-faith misconduct” by the SEC in its regulatory actions against Debt Box. This decision marks a major victory for the cryptocurrency industry, reinforcing the importance of fairness and integrity in regulatory practices. The order was issued by Judge Robert Shelby, who found that the SEC engaged in bad faith conduct in obtaining and defending a - [K9 Finance's Historic Burn of 410M $KNINE is Scheduled for May 31](https://news.shib.io/2024/05/28/k9-finances-historic-burn-of-410m-knine-is-scheduled-for-may-31/): In a groundbreaking move, K9 Finance will burn a staggering 410 million KNINE tokens, marking a significant milestone for the project. The burn, scheduled for May 31, pays homage to Ethereum co-founder Vitalik Buterin’s audacious SHIB token burn three years ago, which sent shockwaves through the crypto space. This burn paves the way for $KNINE to become a deflationary token, meaning the circulating supply will continue to decrease over time, potentially positively impacting the token’s long-term value. Also, with a reduced overall supply, the percentage ownership of existing $KNINE holders automatically increases. Vitalik Buterin’s SHIB Burn: A Turning Point On - [Shibarium Airdrop Alert: Active Users to Receive Exclusive Rewards](https://news.shib.io/2024/05/28/shibarium-fuels-excitement-with-upcoming-airdrop-for-active-users/): Shiba Inu’s Layer 2 blockchain, Shibarium, is poised for great excitement with news of a forthcoming airdrop. The news comes from a conversation between Lucie, Shiba Inu’s marketing lead, and Buzz, the pseudonymous founder of K9 Finance, a project partnering with Shiba Inu and built on Shibarium. According to Lucie, the airdrop will reward users for participating in the Shibarium ecosystem. This includes bridging assets to Shibarium, actively using the network for transactions, and holding specific tokens like $LEASH and K9 Finance’s $KNINE. The more involved you are, the bigger your share of the free token pool will be. “I’m - [Mt. Gox Transfers $9B in Bitcoin Amid Repayment Plans; Market Sinks](https://news.shib.io/2024/05/28/mt-gox-transfers-9b-in-bitcoin-amid-repayment-plans-market-sinks/): Wallets associated with the defunct Bitcoin exchange Mt. Gox transferred over 140,000 BTC, valued at approximately $9 billion, to an unknown address early Tuesday. This development is believed to be part of the exchange’s long-awaited plan to repay creditors by October 31. But the substantial transfer has triggered market anxiety, resulting in a 1.4% decline in Bitcoin’s value, which fell to as low as $67,680 after peaking at over $70,000 on Monday. Mt. Gox, once the largest Bitcoin exchange globally, collapsed in 2014 following a massive hack that led to the loss of hundreds of thousands of BTC. Since then, - [Shiba Inu Flips AVAX, Outperforms Bitcoin, Ethereum, Other Major Cryptocurrencies in 24-Hour Surge](https://news.shib.io/2024/05/28/shiba-inu-flips-avax-outperforms-bitcoin-ethereum-other-major-cryptocurrencies-in-24-hour-surge/): Shiba Inu ($SHIB) has once again captured headlines with a remarkable surge in its price performance, in the fast-paced world of cryptocurrencies.  $SHIB not only flipped Avalanche (AVAX) but also outperformed Bitcoin (BTC), Ethereum (ETH), and eight other major altcoins in a whirlwind 24-hour period. At the time of writing, Shiba Inu’s price stands at $0.00002559, marking a significant 4.82% increase in the past 24 hours. This surge propelled $SHIB’s market cap to $15,081,434,439, with a trading volume of $926,837,349 and a circulating supply of 36,399,180,323,837 SHIB, latest data from CoinMarketCap showed. The standout performance of Shiba Inu in the - [Dormant Shiba Inu Trader Strikes Gold: $SHIB Nets Massive Profit](https://news.shib.io/2024/05/28/dormant-shiba-inu-trader-strikes-gold-shib-nets-massive-profit/): A previously inactive diamond-handed trader, in a remarkable turn of events, has made headlines by selling a substantial amount of $SHIB tokens for a staggering profit. After a prolonged period of dormancy spanning around 3.5 years, the trader’s patience and foresight paid off, resulting in a significant financial windfall, the transaction now etched in the annals of successful Shiba Inu investors. When critics dismiss Shiba Inu as a “shitcoin,” the dedicated Shib Army rises in defense, pointing to the altcoin’s impressive track record of creating millionaires. This dog-themed cryptocurrency, far from being a mere meme, has sparked a financial movement, - [K9 Finance Expands Horizon, $KNINE Listed on LBank](https://news.shib.io/2024/05/28/k9-finance-expands-horizon-knine-listed-on-lbank/): $KNINE, the native token of K9 Finance DAO, in an exciting development for the crypto community, has been listed on LBank. This strategic move marks a significant milestone, enhancing the token’s accessibility and visibility within the cryptocurrency market. LBank, a cryptocurrency exchange, announced on X (formerly Twitter) Monday, the listing of $KNINE, just days after the token’s debut on CoinW. The tweet, which generated considerable buzz, showcased LBank’s commitment to expanding its roster with promising digital assets. The announcement on LBank’s official website detailed the specifics of the listing. According to the crypto exchange, $KNINE will be listed on the - [XRP Awaits Crucial SEC Ruling Amid ETF Hopes and Relistings](https://news.shib.io/2024/05/27/xrp-awaits-crucial-sec-ruling-amid-etf-hopes-and-relistings/): The XRP community finds itself at a crucial juncture, as Ripple Labs, the entity behind XRP, anticipates a ruling in its prolonged legal battle with the U.S. Securities and Exchange Commission (SEC). The lawsuit, which has been ongoing since December 2020, accuses Ripple of conducting an unregistered securities offering worth $1.3 billion through the sale of XRP tokens. The court’s decision, initially expected this month, remains pending, leaving investors in a state of anxious anticipation. In the midst of this legal uncertainty, a recent poll conducted by a Ripple validator indicates that 65% of respondents believe an XRP Exchange-Traded Fund - [Shibarium Tech Discord Launches Special ShibaSwap Feature](https://news.shib.io/2024/05/27/shibarium-tech-discord-launches-special-shibaswap-feature/): The Shibarium Tech Discord has launched a dedicated ShibaSwap subcategory, aimed at fostering community interaction and developer engagement. This initiative highlights Shiba Inu’s commitment to creating a more interactive and supportive ecosystem for its users and developers. In a recent announcement, DaVinci, the pseudonymous administrator of Shibarium Tech’s Discord and Telegram channels, revealed a significant update for the Shiba Inu community. Shared on X (formerly Twitter) by Shib Army @Sand_ShibArmy, the update introduced a new ShibaSwap subcategory under Shibarium on Discord. “We created a ShibaSwap subcategory under Shibarium on the Discord #shibaswap & | ss-developers-token-owners, which will include two different - [Shiba Inu Could See Over 200% Price Surge by Next Month, Chart Signals Potential Breakout](https://news.shib.io/2024/05/27/shiba-inu-could-see-over-200-price-surge-by-next-month-chart-signals-potential-breakout/): Shiba Inu ($SHIB) could experience a dramatic price surge of over 200% by next month, according to a recent prediction, while a critical chart pattern signals a potential breakout, capturing the attention of traders and investors. As SHIB approaches this pivotal moment, market sentiment and predictive indicators point toward significant upward momentum for the world’s second-largest meme coin. Chart Analysis Indicates Potential Breakout The SHIB/USDT trading pair, shared by a Trading View market trader who uses the handle ashishhc, showed the trading pair consolidating within a descending triangle pattern, a formation typically considered bearish. However, current chart analysis suggests the - [Shibarium Just Saw a Double-Digit Surge in Transaction Volume and Fees](https://news.shib.io/2024/05/27/shibarium-just-saw-a-double-digit-surge-in-transaction-volume-and-fees/): Shibarium, the layer-2 blockchain solution for the Shiba Inu ecosystem, has witnessed a remarkable double-digit surge in transactions and fees. This uptick underscores the growing interest and activity within the Shiba Inu community, as investors navigate the evolving crypto landscape. The Shibarium network recorded an unprecedented rise in transaction volume, jumping from 5,150 to 7,930 transactions, reflecting a notable 60% growth, data from Shibariumscan showed. This surge was a testament to the increasing engagement and activity within the Shiba Inu ecosystem. Alongside the rise in transactions, the fees on the Shibarium network also surged. The amount of BONE tokens used - [Silk Road Founder Ross Ulbricht Reacts to Donald Trump's Campaign Promise](https://news.shib.io/2024/05/27/silk-road-founder-ross-ulbricht-reacts-to-donald-trumps-campaign-promise/): Ross Ulbricht, the founder of the Silk Road marketplace, in a dramatic turn of events, expressed heartfelt gratitude after former President Donald Trump pledged to commute his life sentence if re-elected. Speaking at the Libertarian National Convention on Saturday, Trump’s promise to free Ulbricht, who has spent 11 years in prison, was met with overwhelming cheers, resonating deeply with Ulbricht’s supporters who have long argued that his punishment was excessively harsh. Ulbricht conveyed his deep appreciation for the support he has received over the years and his reaction to Trump’s pledge in a heartfelt tweet over the weekend. “Last night, - [LEASH Sees Double-Digit Surge, Gains Use Case Through Precipitate](https://news.shib.io/2024/05/27/leash-sees-double-digit-surge-gains-use-case-through-precipitate/): $LEASH, the “Doge-Killer” token of the Shiba Inu cryptocurrency project, has experienced a significant double-digit surge since Friday. The spike took place while the token gained a new use case through Precipitate, an innovative IaaS company at the intersection of AI and blockchain technology. This surge reflects growing investor confidence and the expanding utility of $LEASH in the rapidly evolving crypto market. Over the weekend, the official X account of Precipitate Protocol, the first Infrastructure-as-a-Service (IaaS) company serving the nexus of AI and public blockchains, announced its decision to grant $LEASH a second chance as a payment option in Governance - [CoinGecko Elevates $KNINE: Joins DeFi, Governance & Meme Categories](https://news.shib.io/2024/05/26/coingecko-elevates-knine-joins-defi-governance-meme-categories/): CoinGecko, in a groundbreaking move that signals a new era for $KNINE, has elevated the crypto sensation by welcoming it into the prestigious DeFi, Governance, and Meme categories. This strategic positioning not only amplifies $KNINE’s visibility and market appeal but also sets the stage for a surge in investor interest and institutional recognition, propelling it to the forefront of the digital asset revolution. In an announcement over the weekend, K9 Finance DAO revealed a pivotal development for the project as CoinGecko’s decision to include $KNINE marked a significant milestone. This move, as highlighted by K9 Finance, increases visibility, aggregates research, - [Trump Vows Crypto Leadership and Freedom for Silk Road Creator at Libertarian Convention](https://news.shib.io/2024/05/26/trump-vows-crypto-leadership-and-freedom-for-silk-road-creator-at-libertarian-convention/): Former President Donald J. Trump, in a striking and fervent address at the Libertarian National Convention, vowed to position the United States as a global leader in cryptocurrency while pledging to commute the sentence of Silk Road creator Ross Ulbricht if elected.  Promising to protect the rights of America’s 50 million crypto holders from governmental overreach and to keep regulatory advocates like Sen. Elizabeth Warren at bay, Trump rallied the crowd with a powerful commitment to financial freedom and innovation, underscoring his alignment with Libertarian values and his strategic bid to secure support from the growing crypto community. Just days - [Weekly Meme Digest: The 'Winningest' Edition Yet! - May 25, 2024](https://news.shib.io/2024/05/25/weekly-meme-digest-the-winningest-edition-yet/): 👋 Greetings, Shibizens and Cryptonauts! 🌟 Buckle up for a meme odyssey that’s more thrilling than finding Wi-Fi in the wilderness! 🎢🌲 This week’s “So Much Winning” edition is brimming with guffaws and glory. Let’s leap into the meme madness and surf the high tide of this week’s triumphs. 🍿🥤 👑 Crypto’s Crowning Glory 👑 Drop everything and let the digital confetti cannon loose! The crypto kingdom had a week that’ll be remembered longer than your favorite meme. The FIT 21’s bill’s home run in Congress and the SEC’s nod to Ethereum ETFs have us moonwalking in celebration. It’s as - [The Great Bitcoin Bite: Celebrating (and Slightly Mourning) 10K Bitcoins for 2 Pizzas](https://news.shib.io/2024/05/25/the-great-bitcoin-bite-celebrating-and-slightly-mourning-10k-bitcoins-for-2-pizzas/): May 22nd isn’t just a day for beach bods and backyard barbecues – it’s Bitcoin Pizza Day! This quirky holiday commemorates the first-ever real-world purchase using Bitcoin, a transaction that’s become as legendary as it is slightly regrettable. In 2010, programmer Laszlo Hanyecz, fueled by an entrepreneurial spirit and a craving for cheesy goodness, embarked on a mission to buy two large pizzas with Bitcoin. Back then, Bitcoin was a fledgling digital currency, more akin to a tech experiment than a mainstream payment method. Undeterred, Hanyecz offered a whopping 10,000 BTC for the pizzas, a price tag that would have - [Telegram's Mini-Apps Go Viral: From Messaging to Hamster CEOs, Millions Flock to Play](https://news.shib.io/2024/05/25/telegrams-mini-apps-go-viral-from-messaging-to-hamster-ceos-millions-flock-to-play/): Move over Farmville, there’s a new sheriff in town, and it lives within your favorite messaging app. Telegram’s mini-apps, bite-sized programs that run directly within the platform, are experiencing a meteoric rise, fueled by a surprising culprit: web3 games. Imagine running a company with just a tap or two. That’s the premise behind one wildly popular mini-app, “Hamster Kombat.” Players delve into the hilarious (and possibly relatable) world of corporate leadership, tackling everything from hiring sprees to pesky licensing issues. This seemingly simple game has garnered a whopping 19 million daily active users, with nearly 3 million joining the hamster - [The Final Woof: Remembering Kabosu, the Heart of the Dog-Themed Meme Coins 🌟🐾](https://news.shib.io/2024/05/25/the-final-woof-remembering-kabosu-the-heart-of-the-dog-themed-meme-coins-%f0%9f%8c%9f%f0%9f%90%be/): 🐾 One dog’s face has remained etched in our hearts and screens in the vast expanse of the internet, where memes come and go in the blink of an eye. Kabosu, the Shiba Inu who unwittingly became the face of the Doge meme, has left us. As we mourn the loss of this four-legged icon, we look back at the paw prints she left on our digital lives. 🐕💔 Kabosu’s story began in an animal shelter, a tale of rescue and second chances. Her expressive, quizzical face captured the heart of a Japanese kindergarten teacher, who could not have known - [Speaker Pelosi’s FIT 21 Bill Vote: Crypto Shockwaves 🎉💼](https://news.shib.io/2024/05/25/speaker-pelosis-fit-21-bill-vote-crypto-shockwaves-%f0%9f%8e%89%f0%9f%92%bc/): Speaker Emerita Nancy Pelosi has done it again, folks! In a surprising twist, she voted in favor of the FIT 21 bill, much to the shock and dismay of her senior Democratic colleagues. It’s like watching the high school principal join the rebel kids in a cafeteria food fight. 🍕🎉 Navigating the Crypto Waters 🚤💰 Pelosi, often dubbed the biggest player in the stock market game (allegedly, of course), has now dipped her toes into the crypto pool. Her support for the bill has been met with a chorus of sarcasm and disbelief. One expert quipped, “This isn’t about supporting - [So Your Government Thinks It Can Fool You? No to CBDC!](https://news.shib.io/2024/05/25/so-your-government-thinks-it-can-fool-you-no-to-cbdc/): Guess what, folks? The U.S. House of Representatives just passed a bill to stop the Fed from making their own digital currency without permission from Congress. 💱 You know what they say … nothing says control like Congress holding the keys to the digital money vault. 💵💼 So 216 members said “heck yes” to the CBDC Anti-Surveillance State Act, while 192 of them were like, “Nope, thanks but no thanks.” It was like a game of political musical chairs, except instead of sitting down, they were deciding the fate of our digital wallets. 👜💰💲 But before you get all worked - [Crypto Coaster: The Wild ETF Bonanza Ride 🎢🚀](https://news.shib.io/2024/05/25/crypto-coaster-the-wild-etf-bonanza-ride-%f0%9f%8e%a2%f0%9f%9a%80/): The world of ETFs has always been a rollercoaster, but the recent developments in the crypto market have turned it into an outright bonanza. 🎡🤹‍♂️ Investors and experts alike are struggling to keep up as the market experiences unprecedented shifts and surprises. 🌪️📉📈 It all started in January with the highly anticipated approval of the first Bitcoin ETF. 🥇🎉 This milestone was celebrated as a major victory for the cryptocurrency world, signaling mainstream acceptance and promising to bring in a wave of new investors. 🌊💰 Investors rejoiced but also very quickly moved on to requesting ETH ETFs. 🥳➡️🧠 Almost immediately - [Shezmu Retrieves Stolen Crypto Following Vault Exploit](https://news.shib.io/2024/09/23/shezmu-retrieves-stolen-crypto-following-vault-exploit/): Decentralized finance (DeFi) protocol Shezmu has recovered almost $5 million in stolen cryptocurrency after negotiating with a hacker. Last Thursday, Chaofan Shou, co-founder of blockchain analytics firm Fuzzland, alerted the crypto community to a security breach in one of Shezmu’s storage vaults. Shou confirmed that around $4.9 million in ShezmuUSD (ShezUSD) stablecoin had been stolen. It was initially unclear if the incident was a hack or a rug pull. .@ShezmuTech has been hacked / rugged. ~$4.9M worth of $ShezUSD stolen. One of their vaults used collateral that can be minted by anyone. With the free collateral, the attacker can borrow - [$100 'Beautiful Limited Edition' Trump Coins Launched](https://news.shib.io/2024/09/23/100-beautiful-limited-edition-trump-coins-launched/): Donald Trump, the former U.S. President and current Republican presidential candidate, has announced the launch of his official Trump Coins.  In an announcement last Saturday, Trump introduced the product, stating, “We are introducing the launch of our Official Trump Coins! The ONLY OFFICIAL coin designed by me — and proudly minted here in the U.S.A.” The Trump Coins are made of 99.9% fine silver and feature Trump’s face on one side, while the other side displays an engraving of the White House. The coins are accompanied by a certificate of authenticity, signed by Trump himself, and come in a custom - [Bankroll Status Loses $230K to Hacker](https://news.shib.io/2024/09/23/bankroll-status-loses-230k-to-hacker/): A suspicious transaction involving the cryptocurrency platform Bankroll Status on the BNB Smart Chain (BNB) resulted in a loss of approximately $230,000 on Monday. Initial investigations point to the notorious DualPools hacker as the culprit behind this malicious activity. Blockchain security firm Cyvers announced this on X. 🚨ALERT🚨Our system has detected a suspicious transaction involving @Bankroll_Status on #BNB with loss of #230k It seems that #dualpools hacker is behind the suspicious transaction!. Our system has detected malicious contract deployment targeting #Bankroll 90 days ago! Want to… pic.twitter.com/iI9j7H6yC3 — 🚨 Cyvers Alerts 🚨 (@CyversAlerts) September 23, 2024 According to Cyvers, its - [Canada Pipes Down on Digital Dollar Project; Says More Research Needed](https://news.shib.io/2024/09/23/canada-pipes-down-on-digital-dollar-project-says-more-research-needed/): The Bank of Canada has announced that it is scaling down its efforts to develop a retail central bank digital currency (CBDC).  In a document titled “Digital Canadian Dollar,” it stated, “With this work completed, and with other payments issues gaining prominence, the Bank is scaling down its work on a retail central bank digital currency and shifting its focus to broader payments system research and policy development.” Though the Bank has piped down on the retail CBDC project, it remains unclear if the idea has been fully shelved. It confirmed that it will continue to track developments in global - [India's Enhanced AML/CFT Framework Gets Praise from FATF](https://news.shib.io/2024/09/23/indias-enhanced-aml-cft-framework-gets-praise-from-fatf/): The Financial Action Task Force (FATF), along with the Asia/Pacific Group on Money Laundering (APG) and Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG), has commended India for significantly strengthening its anti-money laundering (AML) and counter-terrorist financing (CFT) framework last week.  The recent assessment report highlights that India, as the world’s largest country by population, faces money laundering risks primarily from fraud, corruption, and drug trafficking.  Despite these challenges, India has made notable progress in financial inclusion. The country has more than doubled the proportion of its population with bank accounts and promoting digital payment systems. These - [30 Million Pesos Seized in Argentina Crypto Smuggling Crackdown](https://news.shib.io/2024/09/23/30-million-pesos-seized-in-argentina-crypto-smuggling-crackdown/): A massive operation involving raids in Mar del Plata and Bahía Blanca has led to the seizure of over 30 million pesos ($180,000) and $19,000 last week in Argentina.   This incident highlights tensions between Argentina’s growing interest in cryptocurrency and its strict economic controls. The operation targeted a suspected money laundering and smuggling ring that uses crypto investments as a cover. Personnel from Afip-Aduana and Prefectura Naval Argentina conducted the raids under orders from the Federal Court. Four suspects — two men and two women — were identified, according to authorities, as reported by La Capital.  The investigation began - [OpenSea Users File Suit, Say NFTs Sold Were 'Worthless and Unlawful'](https://news.shib.io/2024/09/23/opensea-users-file-suit-say-nfts-sold-were-worthless-and-unlawful/): Two users of the prominent NFT marketplace OpenSea, Anthony Shnayderman and Itai Bronshtein, have filed a class-action lawsuit, accusing the platform of selling unregistered securities.  The lawsuit, initiated on September 19 in Florida, claims that NFTs purchased through OpenSea, including those from the Bored Ape Yacht Club collection, are now worthless due to their allegedly illegal nature. The plaintiffs argue that certain NFTs sold on OpenSea meet the criteria of an investment contract under the Howey test, which defines what constitutes a security. They claim their purchases were part of a common enterprise, made with the expectation of profit derived - [Australia Fintech Hub Status Solidifies Further with Planned Crypto Law Overhaul](https://news.shib.io/2024/09/23/australia-fintech-hub-status-solidifies-further-with-planned-crypto-law-overhaul/): Australia is taking decisive steps to cement its status as a leading global fintech hub by preparing a regulatory overhaul for the crypto industry. The Australian Securities and Investments Commission (ASIC) is set to release updated guidance within two months requiring many crypto asset firms to obtain licenses under corporations law.  Financial Review reported this development on Monday.  ASIC commissioner Alan Kirkland is expected to emphasize Australia’s proactive approach to crypto regulation and share that licensing requirements will extend beyond digital currency exchanges. Most major crypto assets are already captured by the Corporations Act, as per the ASIC. It defines “financial - [Crypto Weekly Recap: Ransomware, Regulation, and Tether's Rise Sept 16-22](https://news.shib.io/2024/09/23/crypto-weekly-recap-ransomware-regulation-and-tethers-rise-sept-16-22/): The crypto world weathered a tumultuous week, confronting a trifecta of challenges that tested its resilience and underscored its growing influence on the global stage. A record-breaking ransomware attack, a surprising shift in the financial pecking order, and the reawakening of Bitcoin’s enigmatic creator captivated headlines and sparked intense debate about the future of this transformative technology.  These are the biggest, most impactful stories in crypto this week, painting a vivid picture of an industry grappling with its growing pains and navigating a complex landscape of opportunity and uncertainty. The cryptocurrency world experienced a tumultuous week, facing a confluence of - [Shiba Inu Weekly Recap: Key Developments and Community Updates](https://news.shib.io/2024/09/23/shiba-inu-week-in-review-a-surge-a-launch-and-a-communitys-heartbeat/): The Shiba Inu ecosystem experienced a week of dynamic growth and strategic advancements. The ecosystem saw a remarkable market resurgence and global expansion efforts, as well as the continued evolution of Shibarium and unwavering community engagement. SHIB demonstrated its commitment to innovation and its growing influence on the crypto landscape. Shiba Inu Market Surge and Global Expansion Shiba Inu’s native token, SHIB, staged a significant comeback this week, attracting renewed attention from investors and analysts. Crypto analysts predicted a bright future for the token, with some forecasting a potential 470% price surge.  This positive market sentiment was further fueled by - [Kamala Harris Mentions 'Digital Assets,' but Crypto Industry, Feeling Bruised, Wants More Than Words](https://news.shib.io/2024/09/22/harris-mentions-digital-assets-but-crypto-industry-feeling-bruised-wants-more-than-words/): Vice President Kamala Harris’ first on-the-record mention of cryptocurrency as the Democratic Party’s nominee for president has been met with a tepid response from the crypto industry, which has felt targeted by the Biden administration’s policies. At a Wall Street fundraiser in Manhattan Sunday, Harris said she would “encourage innovative technologies like A.I. and digital assets while protecting our consumers and investors.” But many crypto entrepreneurs and investors said they were unconvinced. “Encourage?” Stephen Chip, a co-founder of the crypto data platform On The Chain and a creator of the nonfungible token project Badass Yetis, wrote on X. “How about - [Shibarium Users Reap Rewards as Bonecrusher Fuels DeFi Opportunities](https://news.shib.io/2024/09/22/shibarium-users-reap-rewards-as-bonecrusher-fuels-defi-opportunities/): Shibarium users are experiencing a surge in DeFi opportunities, thanks to the recent launch of Bonecrusher on Shiba Inu’s layer-2 scalability solution by K9 Finance DAO.  Th Bonecrusher, the innovative Liquid Staking Derivative platform offers attractive rewards for locking $KNINE and staking $BONE, providing users with compelling incentives to engage with the Shibarium network and participate in its growing DeFi ecosystem. Buzz, the pseudonymous founder and developer at K9 Finance DAO, highlighted these opportunities in a recent tweet, stating, “As a @ShibariumNet user you still have access to: 1️⃣ up to 30.56% APR for locking $KNINE 2️⃣ 33.6% APR for - [Shibarium Giveaway Extended, Sweet Surprise Awaits at Shibacon](https://news.shib.io/2024/09/22/shibarium-giveaway-extended-sweet-surprise-awaits-at-shibacon/): The Shibarium giveaway, initially slated to end on September 15, has been extended until Shibacon on November 10 with a new “suprise” awaiting participants. The announcement, made by Davinci, a Shibarium Channels Admin, promised an even bigger celebration and more opportunities for participants to win. This extension came as a welcome surprise for many who are eager to participate but may have missed the original deadline. “We sincerely apologize, but for a good reason, we’ve decided to extend our giveaway until Shibacon on November 10,” Davinci shared in the announcement. “This will give more of you the chance to participate - [The Weekly Meme Digest](https://news.shib.io/2024/09/22/the-weekly-meme-digest-17/): 🐕 Woof woof, fellow degens! 🐾 Welcome back to the latest edition of The Shib’s The Weekly Meme Digest, your paw-sitive oasis in the sometimes ruff-and-tumble world of crypto. Unlike those yawn-inducing, BONE-dry financial reports, we’re here to deliver the news that matters, just like the noble Shiba Inu in our logo—unadulterated, unassuming, and always ready to dig up some juicy alpha. 🐕💼 This week’s edition is packed with more twists and turns than a dog chasing its tail at a park. 🌀 We’ve got a pixelated bird attempting a blockchain-powered resurrection (is it a phoenix or a pigeon? 🐦), - [Crypto September Bloodbath: A Non-Stop Rollercoaster of Hacks and Heists](https://news.shib.io/2024/09/22/crypto-september-bloodbath-a-non-stop-rollercoaster-of-hacks-and-heists/): Crypto in September 2024 feels less like a financial revolution and more like open season for cybercriminals. Seriously, we’re only three weeks in, and already, the hacks and heists are hitting so hard you’d think Satoshi himself was cashing out. By now, the phrase “crypto exchange hacked” should probably just become a daily headline—no surprises left, just another Tuesday. 🥲 Crypto Hot Wallets: The Gift That Keeps on Taking 💸🔥 Indonesia’s largest crypto exchange, Indodax, decided to get the party started by losing a cool $22 million from its hot wallets. Bitcoin, Ethereum, maybe some Dogecoin for good measure—the hackers - [Crypto’s New Kingpin: Tether Outprofits BlackRock in 2023—Are You Kidding Me? 🤯](https://news.shib.io/2024/09/22/cryptos-new-kingpin-tether-out-profits-blackrock-in-2023-are-you-kidding-me-%f0%9f%a4%af/): Is this real life? 🤯 Tether, the stablecoin everyone loves to hate, just out-earned BlackRock, the financial titan that’s been around since the Great Depression! 🤯 Talk about a plot twist! Tether, the stablecoin giant everyone either loves or loves to hate, just out-earned BlackRock. Yes, that BlackRock—the largest asset manager in the world, managing real money and investments. Tether raked in a cool $6.2 billion in 2023, surpassing BlackRock’s $5.5 billion. If you thought the financial world couldn’t get any weirder, welcome to 2024! 🎉 So, what’s the secret to Tether’s big payday? Turns out, it’s U.S. Treasury bills. - [Is the Fed About to Bless Crypto? Powell Hints at Rate Cuts](https://news.shib.io/2024/09/22/is-the-fed-about-to-bless-crypto-powell-hints-at-rate-cuts/): The Federal Reserve’s FOMC meeting on Wednesday is stirring up quite the buzz in both traditional and digital financial circles. Yep, the Fed is talking potential interest rate cuts, and you better believe the crypto world is hanging on every word like it’s the final rose ceremony in a reality show. 📉💔 Fed Chair Jerome Powell is considering slashing interest rates to combat the cooling U.S. labor market, which means that cash might get a little looser and borrowing a tad easier. But what does that have to do with your precious Bitcoin and Ethereum bags? Well, let’s break it - [Donald Trump’s Foray into Crypto: Burgers, Bitcoin, and 'World Liberty Financial'](https://news.shib.io/2024/09/22/donald-trumps-foray-into-crypto-burgers-bitcoin-and-world-liberty-financial/): ✋Howdy, howdy crypto folks! Welcome to yet another fun-filled weekend! Wait! You thought we chilled at the newsroom? Umm, no we didn’t, but we did certainly have a lot of fun watching Mr Trump! 🎺 Who would have thought that the former U.S. President, in a bizarre and unexpected twist, would mark his territory with burgers? 😋 Hmm, we already established that the Trump family loves Bitcoins, but who thought he would buy burgers with them?  And while paying with crypto might seem like a step toward the future, let’s just say the former President’s crypto adventure has been… interesting.🤣 - [Flap Back Into the Future: Is Flappy Bird's Comeback a Web3 Feathered Fraud?](https://news.shib.io/2024/09/22/flap-back-into-the-future-is-flappy-birds-comeback-a-web3-feathered-fraud/): Flappy Bird is soaring back into the gaming scene, apparently this time with a side of Web3! But the Web3 part of the story comes a bit later, so be patient. 😜 Anyway, the Flappy Bird Foundation announced the relaunch last Thursday. They even blessed the game’s fans with a super flashy trailer and a brand-new website. 💥 Ten and a half years after its original creator, Dong Nguyen, pulled it from the app stores, claiming it was “gone forever”—surprise! “The fans” who decided to bring it back must have found a magic feather! 🐦Many other fans are excited to - [Satoshi Nakamoto Makes a Move? Dormant Bitcoin Wallets Stir Speculation](https://news.shib.io/2024/09/20/bitcoin-creator-satoshi-nakamoto-makes-a-move-dormant-bitcoin-wallets-stir-speculation/): The cryptocurrency world was sent into a tizzy when a series of long-dormant Bitcoin wallets, believed to belong to early miners from the blockchain’s infancy, suddenly sprang to life. The unexpected activity has ignited speculation that the elusive Bitcoin creator, Satoshi Nakamoto, might be behind these early Bitcoin mining wallets. Dormant Bitcoin Wallets Awakens Blockchain analytics tool LookOnChain shared on X (formerly Twitter) on Friday that “5 miner wallets have transferred 250 $BTC ($15.9M) in the past hour. These wallets received 50 $BTC ($3.18M) as mining rewards per block back in 2009.”  This revelation ignited a firestorm of speculation about - [Shibarium: 'Hold My Beer' As Justin Sun Touts Low Transaction Fees](https://news.shib.io/2024/09/20/shibarium-fees-cheaper-tron-founder-justin-sun-touts-low-transaction-fees/): Justin Sun, the founder of TRON blockchain, has touted the network as one of the most affordable options for crypto transactions. However, Shibarium, the Ethereum-based layer-2 network of the Shiba Inu crypto project, is emerging as a major player poised to challenge this dominance.  Shibarium: The Quiet Revolution The Tron founder recently took to Twitter to highlight the low transaction fees on the Tron network, claiming that a typical transaction costs as little as 0.75 TRX ($0.1125) after fee reductions. “Tron’s on-chain fees are now among the industry’s lowest,” Sun declared, adding an enthusiastic “LFG!” Sun’s assertion, made on Thursday, - [Germany Shuts Down 47 Crypto Exchanges Linked to Money Laundering](https://news.shib.io/2024/09/20/germany-shuts-down-47-crypto-exchanges-linked-to-money-laundering/): Germany’s Federal Criminal Police Office (BKA) and the Attorney General’s Office in Frankfurt have shut down 47 cryptocurrency exchanges tied to money laundering and other criminal activities. According to a statement from the BKA on Thursday, the platforms violated “Know Your Customer” (KYC) regulations by allowing users to trade without undergoing necessary identity verification, enabling criminals to operate anonymously. The BKA named exchanges such as Xchange.cash, 60cek.org, and Baksman.com among the platforms shut down. Some of these exchanges had been operational since 2012, while others launched as recently as last year. The authorities seized customer and transaction data from these - [BingX Exchange Suffers $26 Million Hack, Suspends Withdrawals](https://news.shib.io/2024/09/20/bingx-exchange-suffers-26-million-hack-suspends-withdrawals/): BingX, a Singapore-based cryptocurrency exchange, has confirmed a hack resulting in an initial loss of $26 million.  According to blockchain security firm PeckShield, hackers targeted the exchange’s hot wallet and transferred over 360 altcoins, including 4.44 million USDT, 1.04 million WUSD, and 9.38 BTCB ($590,000). These were sent to a wallet address labeled “0xF7e8.” The assets were then quickly converted to Ethereum (ETH) and Binance Coin (BNB). Hi @BingXOfficial you may want to take a look –we observe suspicious significant fund outflow (>$13.6m) to this address: https://t.co/BEJAWWoouA — PeckShield Inc. (@peckshield) September 20, 2024 On-chain platform Lookonchain later reported that - [Worldcoin Pilots Facial Recognition for Enhanced Security](https://news.shib.io/2024/09/20/worldcoin-pilots-facial-recognition-for-enhanced-security/): Worldcoin has introduced a new facial recognition feature, Face Auth, within its World App digital wallet.  In a statement yesterday, the organization said that the feature allows “a private 1:1 face comparison that ensures only the person who verified their World ID at an orb can” access the World App. The addition aims to increase security for users, particularly for functions like “online purchases, financial transactions, [and] secure sign-in applications.” Introducing Face Auth, even more security for your World ID 🫡 pic.twitter.com/3OJ4s7lABp — Worldcoin (@worldcoin) September 19, 2024 The World App, which currently has nearly 15 million users globally, is - [US Federal Prosecutors Charge Fraudster Duo in $230M Crypto Theft](https://news.shib.io/2024/09/20/us-federal-prosecutors-charge-fraudster-duo-in-230m-crypto-theft/): Federal prosecutors on Thursday formally charged two fraudsters with crypto theft amounting to more than $230 million in cryptocurrencies. This move was revealed by blockchain investigator ZachXBT.  Malone Lam, 20, and Jeandiel Serrano, 21, were charged with stealing and laundering crypto from a victim in Washington DC. Lam is a Singaporean citizen and operates under the guise of “Anne Hathaway” and “$$$.” Serrano, on the other hand, uses “VersaceGod” and “@SkidStar” to operate online.  The indictment notes that the duo would conduct thefts related to cryptocurrency, and would even launder the stolen crypto through exchanges and mixing services. “The conspirators would - [Ex FTX Co-CEO Throws Silvergate Under The Bus, Alleges Role In Crypto Empire's Collapse](https://news.shib.io/2024/09/20/ftx-co-ceo-ex-throws-silvergate-under-the-bus-alleges-role-in-crypto-empires-collapse/): Ryan Salame, the former co-CEO of the now-bankrupt cryptocurrency exchange FTX, has publicly accused Silvergate Bank, a now-liquidated institution that specialized in serving crypto clients, of playing a key role in FTX’s downfall. Salame Alleges Silvergate Facilitated Improper FTX Fund Flows In a post on X (formerly Twitter), Salame alleged that Silvergate executives advised Alameda Research, FTX’s sister trading firm, to utilize its accounts for over-the-counter (OTC) USD trading on behalf of FTX customers until the exchange could secure its own account. “I would also like a Silvergate executive to go on record stating how they advised Alameda to use - [Security Breach Hits Banana Gun Users with $1.9 Million Loss](https://news.shib.io/2024/09/20/security-breach-hits-banana-gun-users-with-1-9-million-loss/): Users of the Telegram-based cryptocurrency trading bot Banana Gun were affected by a security breach yesterday, resulting in the theft of nearly $1.9 million in digital assets.  Reports from community members and blockchain investigators indicate that at least 11 attackers exploited vulnerabilities to drain funds from users’ wallets. The Banana Gun team immediately responded by taking the bot offline and stated, “We are investigating the issue, bot is currently offline.” They later confirmed on X on Thursday that unauthorized transfers had been made from user wallets, though they emphasized that their back-end systems were not compromised. “Only a very small - [The Chainsmokers Speak Out Against Gary Gensler at Stand with Crypto Day](https://news.shib.io/2024/09/20/the-chainsmokers-speak-out-against-gary-gensler-at-stand-with-crypto-day/): The Chainsmokers is not happy with Securities and Exchange Commission (SEC) chairman Gary Gensler. At the second “Stand with Crypto Day” by a U.S. crypto advocacy group in Washington D.C. on Wednesday, the popular American electronic DJ and production duo publicly expressed their feelings during a performance. “F***k Gary Gensler,” they said before performing a new song during the event. On stage during their performance at the @standwithcrypto event in DC, @TheChainsmokers, who also moonlight as venture capitalists and have dabbled in #crypto, expressed their feelings about the SEC Chairman. 😬 pic.twitter.com/iAdGZPLePX — Eleanor Terrett (@EleanorTerrett) September 19, 2024 The - [Another Security Breach: Decentraland X Account Compromised](https://news.shib.io/2024/09/20/another-security-breach-decentraland-x-account-compromised/): The official X account of Decentraland, the virtual reality platform, was hacked on Wednesday. According to an X post by the company, the hacker somehow managed to get access to post, read, and DM from its official account.  The security breach reportedly began with a phishing email that appeared to be from X support, which contained fake login attempts. In a bid to secure the account, team members clicked on a link to change the password. They then unknowingly fell victim to the phishing attack. Owing to this action, the hacker gave delegation access to another user, @yeray284, enabling them - [SEC Ends Ethereum 2.0 Probe After ConsenSys Lawsuit; Texas Court Confirms](https://news.shib.io/2024/09/20/sec-ends-ethereum-2-0-probe-after-consensys-lawsuit-texas-court-confirms/): In a significant development for the Ethereum ecosystem, the U.S. Securities and Exchange Commission (SEC) officially dropped its investigation into “Ethereum 2.0” after ConsenSys filed its lawsuit. ConsenSys filed the lawsuit to defend the ecosystem from what it described as the SEC’s regulatory overreach. As per the company on X,  the SEC’s investigation into Ethereum, particularly its “Ethereum 2.0” upgrade, exemplified the agency’s aggressive enforcement agenda targeting blockchain developers. The post further mentions that a Texas court recognized that the SEC had already provided the relief ConsenSys sought regarding this critical issue. This came as a surprising move, as earlier - [German Authorities Infiltrate Tor Network to Identify Darknet Users](https://news.shib.io/2024/09/20/german-authorities-infiltrate-tor-network-to-identify-darknet-users/): Law enforcement agencies have reportedly begun infiltrating the Tor network, successfully deanonymizing users in certain criminal investigations. According to reporters from ARD political magazine Panorama and STRG_F, German authorities have been monitoring Tor servers for extended periods, enabling them to trace anonymous users through a technique known as “timing analysis.” The research revealed that German law enforcement successfully identified users in at least one case by using timing analysis to link individuals to specific Tor nodes. This method involves monitoring data packets and their transmission timing through different Tor network nodes. The longer the surveillance of individual nodes, the greater - [El Salvador Grows Bitcoin Reserves, Holding $359 Million in Crypto](https://news.shib.io/2024/09/20/el-salvador-grows-bitcoin-reserves-holding-359-million-in-crypto/): El Salvador, the first country to adopt Bitcoin as legal tender, has been steadily increasing its Bitcoin reserves, currently holding about $359.58 million worth of Bitcoin.  As per recent data from crypto intelligence platform Arkham Intelligence, President Nayib Bukele’s government has been purchasing 1 Bitcoin per day since late 2022. The platform also reports that these purchases have been recorded directly on-chain since March of this year. Source: Arkham Intelligence  On top of that, in 2021, El Salvador made Bitcoin an official currency. This move allowed the use of Bitcoin for various transactions, from paying taxes to buying coffee. A - [Crypto News Recap: September 19-Crypto's Global Reach Expands as Regulation Tightens and Shiba Inu Soars](https://news.shib.io/2024/09/19/crypto-news-recap-september-19-cryptos-global-reach-expands-as-regulation-tightens-and-shiba-inu-soars/): The crypto world navigated a landscape of contrasting forces on Thursday, as regulatory crackdowns targeted alleged misconduct, adoption gained traction in unexpected corners of the globe, and the Shiba Inu ecosystem celebrated a surge in activity and positive price predictions. Governments Tighten the Reins on Crypto Wild West U.S. Treasury Sanctions Cambodian Senator: The U.S. Treasury Department took aim at a Cambodian senator, alleging involvement in cryptocurrency scams and financial misconduct. The sanctions highlighted the growing determination of governments to combat illicit activities within the crypto space and hold individuals accountable for their actions. Finnish Police Investigate Crypto Executive: A - [Shiba Inu Makes Monumental Comeback, "SHIB Will Be Huge," Says Crypto Analyst](https://news.shib.io/2024/09/19/shiba-inu-makes-monumental-comeback-shib-will-be-huge-says-crypto-analyst/): Shiba Inu (SHIB), the meme coin with a penchant for defying expectations, is roaring back to life. A recent surge in price, coupled with a bullish technical breakout and enthusiastic pronouncements from a prominent crypto analyst, has ignited hopes of a monumental comeback.  Technical Indicators Signal SHIB Bullish Momentum “SHIB will be huge,” declared Crypto Sheriff, a respected voice in the crypto community, hinting at the potential for significant gains in the near future. He also shared a screenshot of the Shiba Inu chart, loaded with all the juicy technical indicators. An analysis of the SHIB/USDT chart reveals compelling evidence - [3 Most Common Crypto Scams in 2024 and How to Spot Them](https://news.shib.io/2024/09/19/3-most-common-crypto-scams-in-2024-and-how-to-spot-them/): As the number of individuals adopting cryptocurrency grows, so does the number of malicious actors with ulterior motives. The Crypto Scam Tracker of the Department of Financial Protection & Information (DFPI) in California shares current information on scams as they emerge, including detailed descriptions and the names of the fraudulent websites involved. The tracker contains information on scams derived from consumer complaints. It reflects accounts of financial losses that complainants have attributed to fraudulent or misleading activities. The DFPI, however, clarifies that it has not confirmed the loss claims made by these individuals. Here are three of the most common - [Shiba Inu Experiences Seismic Breakout, Eyes 470% Price Surge](https://news.shib.io/2024/09/19/shiba-inu-experiences-seismic-breakout-eyes-470-price-surge/): Shiba Inu (SHIB) is surging! A recent bullish breakout, highlighted by a prominent crypto trader, has ignited excitement and renewed hope for a 470% surge, potentially propelling SHIB’s price to $0.000081. Crypto Analyst Predicts Shiba Inu Bull Run Crypto trader Javon Marks spotlighted this development to their over 42,000 followers Wednesday, projecting a formidable three-digit surge in SHIB’s price, potentially marking a 468.42% spike from its current price of $0.00001424. “$SHIB (Shiba Inu)’s BREAKOUT HOLDS and its first larger target remains over 470% away at $0.000081,” the crypto trader said in an X post that came with a screenshot of - [Shibarium Takes Flight: Network Metrics Skyrocket Post-K9's Bonecrusher  Launch](https://news.shib.io/2024/09/19/shibarium-takes-flight-network-metrics-skyrocket-post-k9s-bnecrusher-launch/): Shibarium, the layer-2 network of the Shiba Inu crypto project has emerged from its nascent stages with a dramatic surge in key performance indicators. The catalyst? The launch of K9 Finance DAO, a decentralized finance protocol has ignited a frenzy of activity within the Shiba Inu ecosystem. Shibarium Transaction Fees and Network Activity Explode Just a few hours after K9 Finance DAO’s debut, Shibarium witnessed a remarkable transformation. Average transaction fees, a barometer of network usage, skyrocketed by an astounding 1088.40%, leaping from a mere $0.00345 to $0.0410. The total transaction fees echoed this surge, experiencing a phenomenal 1922.974% increase, - [Ethena Labs Website Compromised in Front-End Exploit](https://news.shib.io/2024/09/19/ethena-labs-website-compromised-in-front-end-exploit/): The front-end of Ethena Labs’ website has been hacked. In a statement yesterday on X, the company informed users that its domain registrar account was compromised, leading to the temporary deactivation of the site. Ethena Labs cautioned users against interacting with any websites or applications claiming to be Ethena. However, the company clarified that the Ethena protocol was not impacted, stating, “All customer funds remain safe.” The Ethena domain registrar account was recently compromised and we have taken steps to deactivate the site until further notice. The protocol is unaffected and funds are safe. Please do not interact with any - [Louisiana Becomes Latest U.S. State to Accept Bitcoin For Government Services](https://news.shib.io/2024/09/19/louisiana-becomes-latest-u-s-state-to-accept-bitcoin-for-government-services/): Louisiana has officially become the latest U.S. state to accept Bitcoin payments for government services. State Treasurer John Fleming announced yesterday that citizens can now make payments using Bitcoin, Bitcoin Lightning Network, and USD Coin. The Louisiana Department of Wildlife and Fisheries processed the first cryptocurrency payment using Bitcoin’s Lightning Network. LOUISIANA STATE GOVERNMENT ACCEPTS FIRST CRYPTOCURRENCY PAYMENThttps://t.co/C9NqQbpEyo Louisiana State Treasurer, John Fleming, M.D. announces an innovative transition with state government's plan to accept cryptocurrency as a valid form of payment. pic.twitter.com/b9B0OK7Al9 — John Fleming, MD Louisiana State Treasurer (@LATreasury) September 18, 2024 Fleming described this development as a way - [US Treasury Sanctions Cambodian Senator for Alleged Crypto Scams and Financial Misconduct](https://news.shib.io/2024/09/19/us-treasury-sanctions-cambodian-senator-for-alleged-crypto-scams-and-financial-misconduct/): The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Cambodian businessman and ruling party senator Ly Yong Phat, his conglomerate L.Y.P. Group Co., Ltd., and several of his businesses, including O-Smach Resort, for their involvement in human rights abuse and financial misconduct linked to online scam operations.  Bradley T. Smith, acting undersecretary of the Treasury for Terrorism and Financial Intelligence, highlighted OFAC’s commitment to combat financial fraud.  “Today’s action underscores our commitment to hold accountable those involved in human trafficking and other abuses, while also disrupting their ability to operate investment fraud schemes - [Trump Buys Burgers with Bitcoin at NYC Bar, Courts Crypto Supporters](https://news.shib.io/2024/09/19/trump-buys-burgers-with-bitcoin-at-nyc-bar-courts-crypto-supporters/): Republican Presidential candidate Donald Trump made headlines on Wednesday when he used Bitcoin to pay his bill at a bar in New York City. This marked the first time a U.S. president has publicly used cryptocurrency for a transaction. YouTuber Dom Lucre (@dom_lucre) took to X to share this news.  The pub’s owners proudly announced that this was the first transaction by a president on the Bitcoin protocol. After completing the purchase, Trump remarked, “History in the making.” As part of the event, Trump distributed burgers to patrons, branding them as “crypto burgers.” While he paid for the food, Diet - [SEC Settles Charges Against Rari Capital for Unregistered Securities and Misleading Investors](https://news.shib.io/2024/09/19/sec-settles-charges-against-rari-capital-for-unregistered-securities-and-misleading-investors/): The U.S. Securities and Exchange Commission (SEC) has agreed to a settlement with Rari Capital, Inc. and its co-founders Jai Bhavnani, Jack Lipstone, and David Lucid on charges that include misleading investors and operating as unregistered brokers. According to the SEC’s press release, Rari Capital offered two key investment products: Earn pools and Fuse pools. These allowed investors to deposit crypto assets into lending pools with the promise of returns. Some investors also received governance tokens tied to their investments. The SEC claimed that these were unregistered offers and sales of securities. The Earn pools were promoted as autonomous systems - [HEX Founder Richard Heart Faces Criminal Investigation in Finland](https://news.shib.io/2024/09/19/hex-founder-richard-heart-faces-criminal-investigation-in-finland/): Finnish authorities are investigating Richard Schueler, also known as Richard Heart, the American founder of HEX and PulseChain, for alleged tax evasion and assault. According to the authorities, Heart, who resides in Helsinki, is suspected of failing to pay hundreds of millions of euros in taxes to Finland. “Based on the very considerable amount of money in question and the long-term and planned nature of the activity, there are grounds to suspect gross tax evasion,” Helsinki police detective Harri Saaristola told a media outlet. On September 13, the police issued a remand order for Schueler in absentia, indicating their suspicion - [X Accounts of High-Profile Brands, Celebrities Hacked by Meme Coin Scammers](https://news.shib.io/2024/09/19/x-accounts-of-high-profile-brands-celebrities-hacked-by-meme-coin-scammers/): Crypto analyst ZachXBT (@zachxbt) recently shared that several high-profile brand and celebrity accounts on X have been compromised and are promoting a fake meme coin. He noted that the meme coin scammers targeted large companies like Lenovo India, Yahoo News UK, and even the EU Commission Directorate-General for Regional & Urban Policy. Even the X accounts of Alexandre Lacazette, the French football player, and filmmaker Oliver Stone, were not spared, among many others.  ZachXBT said that the compromised accounts were found posting about a meme coin, which appears to be fraudulent. Initial data suggests that the scammers have not profited - [OpenAI Announces Changes to Safety Committee Leadership](https://news.shib.io/2024/09/19/openai-announces-changes-to-safety-committee-leadership/): OpenAI has announced that its internal Safety and Security Committee (SSC) would transition to an independent body following a 90-day review that recommended external governance for safety oversight. The committee was established in May to evaluate critical safety and security decisions. After 90 days, its assessment recommended the creation of independent governance for safety measures. Sam Altman, who was previously named in May as part of the committee, was not mentioned in the latest announcement, leading to speculation online about his departure from the SSC. The newly formed independent committee will be chaired by Zico Kolter, Director of the Machine - [Crypto Gains Traction in South Korea and Hong Kong Through Institutional Support](https://news.shib.io/2024/09/19/crypto-gains-traction-in-south-korea-and-hong-kong-through-institutional-support/): Eastern Asia has emerged as the sixth largest crypto economy in the world in 2024, as per a recent report by analytics firm Chainalysis. Institutional players are leading a surge in cryptocurrency adoption in South Korea and Hong Kong, two of Eastern Asia’s most prominent markets.  The Eastern Asian region fetched more than $400 billion in on-chain value between July 2023 and June 2024, the report noted.  Furthermore, South Korea remains the largest crypto market in Eastern Asia, receiving about $130 billion in cryptocurrency value during the study period. Since early 2023, South Korea’s share of regional transaction value has - [Crypto News Recap-September 18](https://news.shib.io/2024/09/18/crypto-news-recap-september-18/): The crypto world navigated a complex intersection of regulatory scrutiny, technological advancements, and community-driven initiatives on Wednesday. As the specter of increased oversight from Washington loomed large, developers pushed the boundaries of blockchain technology, and the Shiba Inu ecosystem continued its ambitious expansion. Washington’s Gaze Intensifies on the Crypto Frontier SEC Commissioners Face Congressional Grilling: Five commissioners from the U.S. Securities and Exchange Commission (SEC) prepared to testify before the House Financial Services Committee, signaling a potential turning point in the regulatory landscape for cryptocurrencies in the United States. The hearing promised to shed light on the SEC’s approach to - [Bonecrusher Bites: K9 Finance's Liquid Staking Launch On Shibarium Chases Lido's Ethereum Debut](https://news.shib.io/2024/09/18/bonecrusher-bites-k9-finances-liquid-staking-launch-on-shibarium-chases-lidos-ethereum-debut/): The Shiba Inu community is known for defying expectations, and the launch of K9 Finance’s Bonecrusher Mainnet on Shibarium has delivered another jaw-dropping moment.  Bonecrusher TVL Surges Following Successful Launch Within the first hour of its debut, nearly 50% of all Shibarium $KNINE tokens were staked or locked, a testament to the project’s fervent community support and the allure of its innovative liquid staking solution. But what’s even more remarkable is how this launch stacks up against the industry titan, Lido, and its groundbreaking entry into the Ethereum ecosystem.  The numbers painted a compelling picture. Approximately 62.3 billion $KNINE tokens - [Shibarium Gets Liquid Staking Boost from K9 Finance DAO](https://news.shib.io/2024/09/18/shibarium-a-bone-crushing-debut-k9-finance-injects-shibarium-with-liquid-staking-power/): A new energy is coursing through the Shiba Inu ecosystem, a palpable buzz of excitement as K9 Finance, a rising star in the DeFi world, unleashes its Bonecrusher Mainnet upon Shibarium.  K9 Finance Boosts Shibarium More than just another launch this development is a strategic alliance, a fusion of innovation designed to propel Shibarium to new heights. The K9 Finance mainnet, a highly awaited project, promises to enhance Shibarium’s security, boost its Total Value Locked (TVL), and drive wider adoption of this ambitious layer-2 scaling solution. Bonecrusher, as its name suggests, is designed to break down barriers to participation in - [Fintech Firm Revolut Plans to Launch Its Own Stablecoin](https://news.shib.io/2024/09/18/fintech-firm-revolut-plans-to-launch-its-own-stablecoin/): Revolut, the London-based fintech company, is reportedly working on its own stablecoin as it continues to expand its cryptocurrency offerings. A number of sources have reported that the firm is working on the development of the token. A spokesperson from Revolut stated that the company aims to grow its crypto services while prioritizing compliance and security. “Crypto is a big part of our belief in banking without borders, and we have a clear mission to become the safest and most accessible provider of crypto asset services,” the spokesperson told CoinDesk. The move places Revolut in the company of other financial - [Countdown to ShibaCon](https://news.shib.io/2024/09/18/countdown-to-shibacon/): Read the latest edition of The Shib magazine here. - [SEC Investigates Individuals Tied to Nanobit and CoinW6 Scams](https://news.shib.io/2024/09/18/sec-investigates-individuals-tied-to-nanobit-and-coinw6-scams/): The U.S. Securities and Exchange Commission (SEC) has initiated charges against several individuals and entities tied to two fraudulent cryptocurrency platforms, Nanobit and CoinW6.  The SEC alleges that the participants in these schemes used social media apps such as WhatsApp, LinkedIn, and Instagram to deceive investors by creating fake relationships. The agency noted that these cases represent its first enforcement action against this scam. Gurbir S. Grewal, director of the SEC’s Division of Enforcement, stated on Tuesday, “Relationship investment scams, including those involving crypto-asset investments, pose a risk of catastrophic harm to retail investors, and the threat is increasing rapidly - [Largest Ever Bitcoin Ransom: Cencora Shells Out $75 Million After Cyberattack](https://news.shib.io/2024/09/18/bitcoin-largest-ever-ransom-cencora-shells-out-75-million-after-cyberattack/): The cost of cybercrime is reaching staggering new heights, as evidenced by a record-breaking ransomware payment made by a major drug distributor. Cencora Inc. shelled out a jaw-dropping $75 million in Bitcoin to hackers following a ransomware attack, marking the largest known cyber extortion payment to date. The company’s initial silence on the matter, however, speaks volumes about the pressure corporations face when navigating the murky world of cybercrime. Paid Millions in Bitcoin to Ransomware Group The payment, made in three installments in March, came after Cencora discovered a data breach in February, according to a Bloomberg report. Blockchain sleuth - [Google Cloud Introduces Blockchain RPC Service](https://news.shib.io/2024/09/18/google-cloud-introduces-blockchain-rpc-service/): Google Cloud has launched its Blockchain Remote Procedure Call (RPC) service, aimed at simplifying the process for crypto developers to interact with blockchain data. The new service will initially support the Ethereum mainnet and testnet, with plans to include other blockchains in the future, according to a blog post from Google Cloud on Wednesday. The company said that the Blockchain RPC service is launching with a free tier that allows up to 100 calls per second and one million daily requests. Google Cloud confirmed that the service is fully compatible with Ethereum’s JSON-RPC standard, allowing developers to integrate it into - [GOP Lawmakers Call on Gensler to Explain SEC’s Stance on Crypto Airdrops](https://news.shib.io/2024/09/18/gop-lawmakers-call-on-gensler-to-explain-secs-stance-on-crypto-airdrops/): Two Republican lawmakers are pressing Securities and Exchange Commission (SEC) Chair Gary Gensler to clarify the agency’s stance on crypto airdrops. In a letter sent yesterday, Representatives Tom Emmer and Patrick McHenry raised concerns over the SEC’s recent actions regarding airdrops in several lawsuits. They argued that the agency’s approach may hinder American blockchain technology innovation. In its footnote, the letter cited cases like the lawsuit against Hydrogen Technology Corporation in 2022, describing airdropped Hydro tokens as “unregistered offers and sales of securities.” It took a similar route in March 2023 when the regulator sued Tron founder Justin Sun, accusing - [Exclusive Interview: Shibtoshi on Crypto Conventions, Community Building, and the Future of Web3](https://news.shib.io/2024/09/18/exclusive-interview-shibtoshi-on-crypto-conventions-community-building-and-the-future-of-web3/): The world of crypto, though nascent, is constantly evolving, with innovation happening at a breakneck pace. While much of the action takes place in the digital realm, crypto conventions offer a unique opportunity for the community to connect, learn, and collaborate in person. To gain insights into the power of these gatherings, we sat down with Shibtoshi, the pseudonymous founder of the SquidGrow ecosystem, known for his deep understanding of the blockchain space and his commitment to building thriving communities. In this exclusive interview, Shibtoshi shared his insights on effective networking strategies, the value of educational opportunities, the importance of - [Exclusive Interview with Anndy Lian: The Power of Crypto Conventions](https://news.shib.io/2024/09/18/exclusive-interview-with-anndy-lian-the-power-of-crypto-conventions/): The world of crypto is dynamic—innovation knows no bounds and relationships often start with nothing more than a username and an avatar, the role of physical interaction cannot be overstated. Enter Anndy Lian, a seasoned intergovernmental blockchain expert, speaker, author, and investor. Known for his ability to bridge the gap between traditional industries and the digital frontier, Lian has spent years navigating the complexities of blockchain, government policies, and crypto communities. With his unique vantage point on crypto conventions, Lian shed light on how these gatherings serve as more than just networking hubs—they are catalysts for knowledge sharing, community building, - [Where Did the Billions Go? YouTuber Investigates OmegaPro](https://news.shib.io/2024/09/18/coffeezilla-probes-omegapro-where-did-billions-disappear-to-in-alleged-ponzi-scheme/): Internet investigator Coffeezilla has launched an investigation into OmegaPro, a recently collapsed investment platform suspected of being a Ponzi scheme.  According to him, OmegaPro may have amassed a staggering $4 billion from investors before its abrupt downfall. However, the whereabouts of these funds remain shrouded in mystery. What’s OmegaPro OmegaPro rose to prominence a few years ago by promising lucrative returns through forex and cryptocurrency trading. The platform allegedly lured investors with the allure of high yields and a multi-level marketing structure. However, there were growing concerns regarding the legitimacy of OmegaPro’s claims and the sustainability of its payout model. - [Crypto Whale Loses $500K in Sophisticated Token Scam](https://news.shib.io/2024/09/18/crypto-whale-loses-500k-in-sophisticated-token-scam/): A cryptocurrency investor recently fell victim to a clever token scam, losing a staggering 896 billion $TitanX valued at nearly $500,000 on Tuesday.  Cybersecurity firm Web3 Antivirus (@web3_antivirus) shared the information on X.  According to reports, the attackers employed a sophisticated tactic, mimicking an original transaction address to deceive the victim. This clever ruse convinced the whale to transfer the substantial sum to the wrong address. Shockingly, the entire ordeal unfolded in under 12 hours, highlighting the rapid pace and ruthless efficiency of cryptocurrency scammers. Image source: Web3 Antivirus Crypto scams are a real concern and can come in different - [Ethereum's Vitalik Buterin Responds to Claims That Crypto Market Maturity Has Arrived](https://news.shib.io/2024/09/18/ethereums-vitalik-buterin-responds-to-claims-that-crypto-market-maturity-has-arrived/): Vitalik Buterin, co-founder of Ethereum, has recently commented on the ongoing debate over whether the cryptocurrency industry remains in its early stages. His remarks were in response to a discussion sparked by Travis Kling, Chief Investment Officer at crypto-focused fund Ikigai, who questioned the validity of the “we are still early” narrative in the crypto sector. Another retort to the thesis I’ve laid out here is “we’re so early bro.” Stop. Stop it. It’s not that early. Bitcoin is worth a trillion bucks and half of Wall Street owns it at this point. All the rest of crypto is worth - [Trump's Crypto Venture: More Questions Than Answers](https://news.shib.io/2024/09/18/trumps-crypto-venture-more-questions-than-answers/): Former U.S. President and current Republican presidential candidate Donald Trump’s latest foray into the world of cryptocurrency has left many in the industry disappointed. The unveiling of his decentralized lending platform, World Liberty Financial, was light on details and heavy on hype.  As a result, many are wondering if Trump’s crypto venture is a genuine attempt to revolutionize finance or just a clever publicity stunt. Despite the two-hour live Spaces forum on the social media platform X, Trump and his team failed to provide any concrete information about how the platform would work. Entrepreneur Wayne Vaughan (@WayneVaughan) expressed his displeasure, - [Robinhood CLO Accuses SEC of 'Scorched Earth' Crypto Policy, Calls for Regulatory Clarity](https://news.shib.io/2024/09/18/crypto-exec-robinhood-clo-accuses-sec-of-scorched-earth-crypto-policy-calls-for-regulatory-clarity/): Robinhood’s Chief Legal Officer, Dan Gallagher, delivered a scathing critique of the Securities and Exchange Commission’s (SEC) approach to crypto regulation during a House Financial Services Subcommittee hearing on Tuesday. Gallagher Laments SEC’s Reliance on Outdated Legal Precedents on Crypto Gallagher, a former SEC commissioner himself, accused the agency of a “scorched earth” policy that is stifling innovation and driving crypto businesses overseas. In his testimony, Gallagher lamented the lack of clear guidance on which digital assets the SEC deems to be securities, stating that “the most fundamental problem in digital asset markets is that there is no clear guidance - [Navigating the Dark Side of DAOs: The Threat of Governance Capture](https://news.shib.io/2024/09/18/navigating-the-dark-side-of-daos-the-threat-of-governance-capture/): Decentralized Autonomous Organizations (DAOs) hold the promise of reforming governance through their self-governing nature, yet the same characteristic gives rise to significant risks. DAOs can be used as tools for decentralized mobilization and governance capture, enabling fringe groups to form autonomous structures that exploit power and control or operate outside necessary societal norms. If left unchecked, the dark side of DAOs could become a breeding ground for harmful ideologies and organized manipulation.  Increasing Adoption of DAOs As per the latest statistics from DeepDAO, the cumulative treasury across various DAOs stands at a substantial $20.6 billion. A significant portion of this - [CFTC Appeals Ruling on Election Contracts, Citing Risks to Democracy](https://news.shib.io/2024/09/18/cftc-appeals-ruling-on-election-contracts-citing-risks-to-democracy/): The U.S. Commodity Futures Trading Commission (CFTC) is appealing a recent court ruling that allowed Kalshi, a prediction market platform, to offer contracts tied to U.S. elections. CFTC Chairman Rostin Behnam warned that such contracts pose risks to election integrity and financial markets. Last Thursday, U.S. District Court Judge Jia M. Cobb ruled that the CFTC overstepped its authority in blocking Kalshi’s contracts. Behnam swiftly responded by stating, “This is against the law, and we will make that case.” The CFTC argues that Kalshi’s contracts constitute gaming, which are illegal in many states, and are contrary to the public interest. - [Hong Kong to Announce AI Policies for Finance Sector by October End](https://news.shib.io/2024/09/18/hong-kong-to-announce-ai-policies-for-finance-sector-by-october-end/): The Hong Kong government plans to release policies regarding the use of artificial intelligence (AI) in the finance sector by the end of October.  The new policies reportedly aim to increase AI adoption in various financial markets, such as traditional trading, investment banking, and cryptocurrencies, according to a Bloomberg report. The Financial Services and the Treasury Bureau (FSTB), which is responsible for financial policy in Hong Kong, is said to be drafting a framework for the ethical use of AI in these markets. Officials are also currently working on the policy document and gathering feedback from the financial industry. An - [Dong Nguyen Confirms No Involvement in Flappy Bird Relaunch, Denies Crypto Support](https://news.shib.io/2024/09/18/dong-nguyen-confirms-no-involvement-in-flappy-bird-relaunch-denies-crypto-support/): Dong Nguyen, the Vietnamese game developer known for creating the viral mobile game “Flappy Bird,” has confirmed that he is not involved in the upcoming re-release of the game.  In an X post, Nguyen clarified his lack of involvement with the game’s relaunch and emphasized that he does not support cryptocurrency. This was the game developer’s first post on X since 2017. He distanced himself from the re-release and the associated use of cryptocurrency, which some reports suggest may be tied to the new version. Rise of the Flappy Bird Foundation A group calling themselves the “Flappy Bird Foundation Group” - [Five-Member SEC Commission Called to Testify on Crypto Assets](https://news.shib.io/2024/09/18/five-member-sec-commission-called-to-testify-on-crypto-assets/): All five commissioners of the U.S. Securities and Exchange Commission (SEC) will testify before the House Financial Services Committee next Tuesday. This is the first time since 2019 that all SEC members will appear together for a testimony session. The specific topics to be discussed during the hearing are still unclear, but there is widespread speculation that crypto regulation could be addressed. Crypto expert James Murphy, also known as MetaLawMan, humorously speculated that SEC Chairman Gary Gensler might again face questions about whether Ethereum (ETH) should be classified as a security. The classification of digital assets like ETH has been - [Wintermute Launches Blockchain-Based US Presidential Election Prediction Market](https://news.shib.io/2024/09/18/wintermute-launches-blockchain-based-us-presidential-election-prediction-market/): Wintermute, the global algorithmic trading firm, is set to launch a smart contract for a new U.S. presidential election prediction market next week.  As per a press release, the market will feature TRUMP and HARRIS tokens. It will rely on Chaos Labs’ Edge Proofs Oracle to ensure accurate data delivery across multiple blockchains, such as Ethereum, Base, and Arbitrum. The TRUMP and HARRIS tokens may be be used in DeFi applications and listed on various exchanges. Evgeny Gaevoy, CEO of Wintermute, highlighted the ease of participation for users. He noted that by joining directly from their native blockchain ecosystems, users - [Prager Metis Settlement: A Canary in the Crypto Coal Mine?](https://news.shib.io/2024/09/18/prager-metis-settlement-a-canary-in-the-crypto-coal-mine/): The $1.95 million settlement between the SEC and Prager Metis over the firm’s negligent audit of FTX might seem like just another headline in the ongoing saga of the crypto exchange’s implosion. But this case, buried under the avalanche of FTX’s dramatic collapse and Sam Bankman-Fried’s legal battles, raises a chilling question: is this a harbinger of a wider auditing crisis brewing in the volatile world of cryptocurrency? A Test Case for Crypto Auditing Prager Metis, a mid-sized accounting firm aggressively expanding into the crypto space, is hardly a household name. Yet, its failure to adequately scrutinize FTX’s financials, particularly - [Crypto Daily Recap: September 17, 2024](https://news.shib.io/2024/09/17/crypto-daily-recap-september-17-2024/): The crypto world is buzzing with activity Tuesday, with major developments impacting institutional adoption, political spending, exchange security, and regulatory enforcement. Here’s your daily recap of the most significant crypto news shaping the landscape: DBS Bank Embraces Crypto Options, MicroStrategy Doubles Down on Bitcoin DBS Bank, a leading financial institution in Asia, announced plans to launch over-the-counter (OTC) crypto options trading and structured notes for its institutional clients. This move signals a growing acceptance of crypto among traditional financial institutions and could pave the way for wider adoption of digital assets in mainstream finance. Adding to the institutional momentum, MicroStrategy, - [Caroline Ellison Could Avoid Prison, Probation Report Recommends 'Supervised Release' and No Fine ](https://news.shib.io/2024/09/17/ellison-could-avoid-prison-probation-report-recommends-supervised-release-and-no-fine/): Caroline Ellison, once a key player in the FTX empire and confidante of Sam Bankman-Fried, is now poised to face sentencing for her role in the company’s spectacular collapse. But days before her scheduled hearing, the narrative surrounding Ellison has shifted dramatically. The U.S. government, in a compelling letter to Judge Kaplan, recommends no jail time and no fine. citing her “extraordinary cooperation with the government” and compelling character testimonials. The recommendation, if adopted by Judge Kaplan at Ellison’s sentencing hearing on September 24, would mark a significant victory for the former crypto executive, who pleaded guilty to seven charges - [Binance Denies Responsibility as WazirX Hack Fallout Intensifies](https://news.shib.io/2024/09/17/binance-denies-responsibility-as-wazirx-hack-fallout-intensifies/): A bitter blame game is unfolding in the crypto world as Binance, the world’s largest cryptocurrency exchange, vehemently denies any responsibility for a massive hack that drained WazirX users of nearly $235 million. Binance is publicly accusing WazirX’s leadership of “misleading customers” and employing “disappointing deflection tactics” to avoid accountability for the devastating cyberattack that occurred in July 2024. Binance and WazirX: A Complex Crypto Tug-of-War The conflict stemmed from the complex and contested relationship between Binance and the troubled Indian crypto exchange, WazirX. Binance insisted it “never acquired or controlled WazirX,” despite a previously signed agreement, due to WazirX’s - [DBS Bank to Launch OTC Crypto Options Trading and Structured Notes for Institutional Clients](https://news.shib.io/2024/09/17/dbs-bank-to-launch-otc-crypto-options-trading-and-structured-notes-for-institutional-clients/): DBS Bank has announced that it will launch over-the-counter (OTC) cryptocurrency options trading and structured notes for its institutional clients and accredited wealth clients starting in the fourth quarter of 2024. The Singapore-based bank disclosed today that the new offerings will involve financial products linked to the price of Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization. The bank stated that eligible clients who wish to gain exposure to these digital assets can do so through options trading and structured notes. According to DBS, these products will allow clients to manage the volatility associated with cryptocurrency prices. Jacky - [MicroStrategy Plans $700 Million Convertible Note Offering](https://news.shib.io/2024/09/17/microstrategy-plans-700-million-convertible-note-offering/): MicroStrategy, a Bitcoin development company, announced on Monday its plan to offer $700 million in convertible senior notes that will mature in 2028.  The company will offer the notes privately to qualified institutional buyers under Rule 144A of the Securities Act of 1933. It may grant initial purchasers an option to buy up to an additional $105 million in notes within 13 days of the initial offering. “The notes will be unsecured, senior obligations of MicroStrategy and will bear interest payable semi-annually in arrears on March 15 and September 15 of each year, beginning on March 15, 2025. The notes - [Crypto Hits $1 Billion Milestone in 2024 U.S. Election Spending](https://news.shib.io/2024/09/17/crypto-hits-1-billion-milestone-in-2024-u-s-election-spending/): The cryptocurrency industry’s involvement in the 2024 U.S. election has reportedly surpassed $1 billion. This includes political donations, crypto betting, PolitiFi tokens, and Republican presidential candidate Donald Trump’s NFT sales. The crypto industry contributed over $190 million in political donations alone, according to a study by blockchain analytics firm Breadcrumbs. This amount far exceeds previous election cycles, with $98 million donated in 2022 and $15 million in 2020. Source: Breadcrumbs Crypto betting has been a significant factor behind this. More than $1 billion is said to have been wagered on the 2024 presidential election using the decentralized betting platform Polymarket, - [SEC Fines FlyFish Club for NFT Securities; Commissioners Peirce and Uyeda Criticize Overreach](https://news.shib.io/2024/09/17/sec-fines-flyfish-club-for-nft-securities-commissioners-peirce-and-uyeda-criticize-overreach/): Securities and Exchange Commissioners Hester Peirce and Mark Uyeda expressed dissent on Monday from SEC’s recent decision to issue an administrative order against FlyFish Club (FFC) for allegedly offering “crypto asset securities.” In a joint statement, the two Commissioners argued that the agency is becoming overly focused on crypto-related cases at the expense of innovation. The FlyFish Club (FFC) is a private dining club that sells memberships in the form of non-fungible tokens (NFTs). People could transfer these tokens without the club management’s involvement. The SEC ruled that FFC’s membership NFTs were securities. As a result, the SEC fined FFC - [Trump Debuts World Liberty Financial, Touts Crypto as Key to America's Future](https://news.shib.io/2024/09/17/trump-debuts-world-liberty-financial-touts-crypto-as-key-to-americas-future/): Republican presidential candidate Donald Trump officially launched his crypto venture World Liberty Financial on Monday. In an X Spaces conversation with crypto influencer Farokh Sarmad, Trump expressed enthusiasm about the official launch. “We’re going to make our country greater than ever before, and you’re going to love your crypto,” he said. During his fireside conversation, Trump talked about previous his lack of interest in cryptocurrencies, when wasn’t too familiar with them yet. He narrated how that stance changed as time passed, and credited his children for “opening his eyes.” Trump’s sons, Eric and Donald Trump Jr., property developer Steve Witkoff, - [Crypto News Recap: September 16 – A Day of Geopolitical Maneuvers and Shiba Inu's Global Push](https://news.shib.io/2024/09/16/crypto-news-recap-september-16-a-day-of-geopolitical-maneuvers-and-shiba-inus-global-push/): The crypto world witnessed a dynamic interplay of geopolitical forces and community-driven initiatives on September 16th, as nations staked their claim in the digital asset landscape and the Shiba Inu community continued its global brand-building efforts. Bitcoin’s role in national strategies came into sharper focus, while the decentralized finance (DeFi) space grappled with security concerns and the implications of centralization. Nations Chart Their Course in the Crypto Verse Bhutan’s Bitcoin Embrace: The Himalayan kingdom of Bhutan emerged as an unexpected player on the crypto stage, revealing its position as the fourth-largest Bitcoin holder among nations. This strategic move highlighted the - ['Baldilocks' vs. Sun: Coinbase CEO Fires Back in Wrapped Bitcoin Debate](https://news.shib.io/2024/09/16/coinbase-baldilocks-vs-sun-coinbase-ceo-fires-back-in-wrapped-bitcoin-debate/): Coinbase CEO Brian Armstrong, playfully dubbed “Baldilocks” by a crypto critic, has responded to a barrage of accusations from TRON founder Justin Sun regarding the recently launched Coinbase Wrapped Bitcoin (cbBTC), sparking a heated debate about centralization and trust within the cryptocurrency community. Controversy Erupts Over cbBTC of Coinbase Last week, Coinbase introduced cbBTC, an ERC-20 token fully backed by Bitcoin held in Coinbase custody. The move aimed to bridge Bitcoin with the Ethereum ecosystem, facilitating its use in decentralized finance (DeFi) applications.  However, Sun expressed strong reservations about cbBTC, alleging a lack of transparency and potential for censorship. In - [Bhutan Ranks as Fourth-Largest Bitcoin Holder Among Sovereign Nations](https://news.shib.io/2024/09/16/bhutan-ranks-as-fourth-largest-bitcoin-holder-among-sovereign-nations/): Bhutan has emerged as the fourth-largest sovereign holder of Bitcoin globally, according to data from blockchain analytics firm Arkham.  The country, with a population of under one million, reportedly holds over 13,000 Bitcoin, valued at more than $750 million as of today. Bhutan’s Bitcoin holdings place it behind the United States, China, and the United Kingdom, surpassing El Salvador, which had previously been in fourth place. Meanwhile, a recent CoinGecko data revealed that governments worldwide collectively control over 2.2% of Bitcoin’s total supply. While most countries with significant Bitcoin reserves acquired their holdings through seizures or daily purchases, Bhutan has - [Crypto Game Developers Fabricate Wall Street Journal Article in Bizarre Publicity Stunt](https://news.shib.io/2024/09/16/crypto-game-developers-fabricate-wall-street-journal-article-in-bizarre-publicity-stunt/): In a desperate bid for attention, the team behind a crypto-based mobile game has resorted to fabricating a Wall Street Journal article, claiming its project’s founder was arrested for attempting to smuggle thousands of condoms into Singapore. Fake News Circulates About Crypto CEO The incident, which unfolded Saturday, saw DoginHood, a self-described “Robin Hood game-based meme coin,” share a screenshot of the fabricated article on X (formerly Twitter). The fake story alleged that the project’s CEO had been detained by Singaporean customs officials for attempting to smuggle 20,000 condoms into the country, purportedly for an upcoming crypto conference. The image, - [Crypto Sleuth Exposes Circle's Hypocrisy in Lazarus Group Fund Freeze](https://news.shib.io/2024/09/16/crypto-sleuth-exposes-circles-hypocrisy-in-lazarus-group-fund-freeze/): A lone blockchain investigator has ignited a firestorm in the crypto world by accusing stablecoin giant Circle of dragging its feet in freezing funds stolen by North Korean hackers Lazarus Group, raising questions about corporate responsibility and the effectiveness of blacklisting in the fight against cybercrime. ZachXBT, a prominent on-chain sleuth known for exposing crypto scams and illicit activities, publicly lambasted Circle and its CEO, Jeremy Allaire, on X. “@jerallaire you do not care at all about the ecosystem except extracting from it,” ZachXBT wrote in a scathing tweet. “Not once have you ever blacklisted after a DeFi exploit / - [Shiba Inu's Treat Yourself Campaign Electrifies Korean Blockchain Week, Sets Sights on Token 2049](https://news.shib.io/2024/09/16/treat-yourself-shiba-inu-campaign-electrifies-korean-blockchain-week-sets-sights-on-token-2049/): The Shiba Inu ecosystem is on a mission to connect with its global community, and the “Treat Yourself” campaign is leading the charge. Fresh off a vibrant showing at Korean Blockchain Week 2024 (KBW2024), the initiative, designed to foster closer ties within the Shiba Inu community, is now headed to the influential Token 2049 event in Singapore. Treat Yourself At KBW 2024 Korean Blockchain Week, a major hub for blockchain and cryptocurrency enthusiasts in Asia, proved to be a dynamic platform for the Shiba Inu team and its devoted ShibArmy. The event featured a packed schedule of insightful discussions, cutting-edge - [AI Voice Cloning Scams Rise, Fraud Losses Set to Soar - Deloitte](https://news.shib.io/2024/09/16/ai-voice-cloning-scams-rise-fraud-losses-set-to-soar-deloitte/): As Google Ireland faces scrutiny over its AI practices, concerns are growing about the misuse of artificial intelligence in criminal activity. Scammers are increasingly using AI voice cloning to impersonate family members or colleagues to steal sensitive information. Impersonation scams have long been a threat, but artificial intelligence (AI) is making them more dangerous. A recent Deloitte report predicts that generative AI will lead to a sharp rise in fraud-related losses in the coming years. Source: Deloitte The report highlights a case in Hong Kong where an employee unknowingly sent US$25 million to fraudsters who used deepfake video technology to - [DeltaPrime Exploited on Arbitrum Chain, Loses $6M](https://news.shib.io/2024/09/16/deltaprime-exploited-on-arbitrum-chain-loses-6m/): DeltaPrime, a decentralized finance (DeFi) platform on the Arbitrum blockchain, has been attacked, leading to a loss of approximately $6 million. The attack was executed through a private key exploit that allowed hackers to gain control of the platform’s admin wallet. “Multiple suspicious transactions” were identified by on-chain security firm Cyvers, which reported that the attackers managed to reroute DeltaPrime’s proxy contracts to a malicious contract. This enabled them to drain funds from various pools, including those holding USDC, ARB, and Bitcoin. The exploit was facilitated after the attackers gained access to the admin key, which was identified as 0xx40e4ff9e018462ce71fa34abdfa27b8c5e2b1afb. - [BTM Fraud On The Rise, Scammers Targeting Elderly Americans - US Senators](https://news.shib.io/2024/09/16/btm-fraud-on-the-rise-scammers-targeting-elderly-americans-us-senators/): U.S. Senate Majority Whip Dick Durbin and six other Senate Democrats expressed concerns over Bitcoin ATMs (BTMs) last Thursday, noting that these may be enabling BTM fraud against elderly Americans. Durbin and Senators Richard Blumenthal, Jack Reed, Tina Smith, Elizabeth Warren, Peter Welch, and Sheldon Whitehouse sent a letter to the nation’s largest BTM operators, urging them to address the rising number of scams. They said that fraudsters exploited the anonymity of crypto transactions to coerce and threaten seniors into depositing money to fraudulent crypto schemes The letter was sent to some of the largest BTM players, including Athena Bitcoin, - [Russia Ramps Up Crypto Mining: 15 New Data Centers Planned Amid Shifting Policies](https://news.shib.io/2024/09/16/russia-ramps-up-crypto-mining-15-new-data-centers-planned-amid-shifting-policies/): The Russian government has revealed plans to build 15 data centers in the Komi Republic. This signals its latest move toward embracing cryptocurrency. According to the announcement made by Russian media outlet TASS last Friday, the data centers will be built in the city of Mikun in the Ust-Vymsky District and in the village of Sindor in the Knyazhpogostsky District.  The Russian government will invest around 2.5 billion rubles for this initiative. According to Vladimir Uyba, head of the Komi Republic, lands have already been allocated for the construction of these facilities, according to the announcement.  In a statement shared - [Shiba Inu Conquers Global Stage, Co-Hosts Token 2049 After-Party Event in Singapore](https://news.shib.io/2024/09/16/shiba-inu-conquers-global-stage-co-hosts-token-2049-after-party-event-in-singapore/): Shiba Inu, the meme coin turned global phenomenon, is taking center stage at TOKEN2049, Asia’s premier cryptocurrency conference, by co-hosting a high-profile after-party event in Singapore.  Shiba Inu Co-Hosts Epic TOKEN2049 Afterparty Scheduled for September 19, this highly anticipated celebration, held at the upscale Avenue Lounge, promises to be the crown jewel of TOKEN2049, a gathering of crypto’s most influential players. The event, themed “Meet Your Meme,” not only exemplifies Shiba Inu’s playful spirit but also underscores its serious stake in the cryptocurrency world.  Organized in partnership with LBank, the after-party event brings together Shiba Inu’s fervent community, along with - [Crypto Navigates a Shifting Landscape: Regulation, Geopolitics, and Innovation Dominate the Week (Sept 9 – 15, 2024)](https://news.shib.io/2024/09/16/crypto-navigates-a-shifting-landscape-regulation-geopolitics-and-innovation-dominate-the-week-sept-9-15-2024/): The crypto world finds itself at a crossroads, grappling with intensifying regulatory scrutiny, navigating geopolitical complexities, and witnessing a surge in both institutional interest and technological innovation. This week’s headlines paint a picture of a rapidly evolving industry, where established players and emerging technologies alike are forced to adapt to a dynamic environment. Crypto Regulatory Scrutiny Intensifies Across the Globe Last week, the U.S. House Republicans launched a probe into Securities and Exchange Commission (SEC) Chair Gary Gensler’s approach to cryptocurrency regulation, signaling a growing political debate over the industry’s future. The SEC itself continued its push for stricter oversight, - [Shiba Inu Ecosystem Roars to Life in Week of Upgrades and Anticipation](https://news.shib.io/2024/09/15/shiba-inu-ecosystem-roars-to-life-in-week-of-upgrades-and-anticipation/): This week, the Shiba Inu ecosystem shed its meme-coin image and emerged as a force to be reckoned with, showcasing significant technological advancements, strategic partnerships, and a growing sense of anticipation among its dedicated community, the Shib Army. From a major upgrade to its Layer 2 solution, Shibarium, to bullish price predictions and advancements in its Web3 gaming platform, the ecosystem vibrated with activity, setting the stage for a potentially transformative period. Shibarium Takes Center Stage with Powerful Upgrades The spotlight this week shone brightly on Shibarium, Shiba Inu’s Layer 2 blockchain, which received a powerful upgrade combining the Bor - [Who Really Owns Most Bitcoin? The Answer May Surprise You](https://news.shib.io/2024/09/14/bitcoin-who-owns-most-the-answer-may-surprise-you/): When we think of Bitcoin, we often imagine a distributed network of individual users. However, the truth is that a significant portion of the BTC supply is held by a surprisingly small number of individuals, companies, and even governments. An analysis of BTC ownership reveals a growing concentration of the cryptocurrency, raising questions about the extent to which Bitcoin’s original vision of decentralization has been realized. The Rise of Institutional and Corporate Bitcoin Holders Data compiled by Arkham Intelligence shows that the top 13 BTC holders, a mix of individuals, exchanges, and investment firms, collectively control approximately 4.42 million Bitcoins, - [Tokenized Real-World Assets Market Value Reaches Over $12B Says Binance Research](https://news.shib.io/2024/09/14/tokenized-real-world-assets-market-value-reaches-over-12b-says-binance-research/): The market value of on-chain real-world assets (RWAs), excluding stablecoins, has reached over $12 billion, showcasing continued interest from investors in tokenizing traditional assets on blockchain networks. According to a study released on Friday by Binance Research, the overall value of Real-World Assets (RWAs) has exceeded a new high, reaching over $12 billion. This figure doesn’t account for the stablecoin sector, estimated at $175 billion. Tokenization converts real-world assets like real estate, government bonds, stocks, and intangible assets such as carbon credits into digital tokens on a blockchain. This process makes traditionally illiquid markets easier to trade. It allows investors - [Shiba Inu Could See 'More Pumps' Analyst Predicts, Bulls Gear Up As Price Finds Support](https://news.shib.io/2024/09/14/shiba-inu-could-see-more-pumps-analyst-predicts-bulls-gear-up-as-price-finds-support/): Bullish sentiment is building around Shiba Inu (SHIB) as the cryptocurrency finds support at a key price level, fueling hopes of a renewed rally. A crypto analyst suggests that SHIB is attracting buyers, setting the stage for potential price “pumps” in the near future, as the broader market conditions also appear favorable. Shiba Inu Price Action and Potential for Growth Shib Knight (@army_shiba on X) suggested that SHIB is accumulating near a key support level, indicating that bullish momentum may be building. The analyst anticipates further price increases in the near future, citing favorable market conditions and identifying specific price - [The Weekly Meme Digest](https://news.shib.io/2024/09/14/the-weekly-meme-digest-16/): Buckle Up, Crypto Fam! It’s Meme Mania Time! 🚀🤡 Welcome, crypto crusaders, to this week’s edition of The Weekly Meme Digest! We’ve got all the hot takes, cold jokes, and spicy memes you need to survive another week in the wild west of blockchain. This week’s edition is packed with juicy stories that will make you laugh, cry, and question everything you thought you knew about the crypto world. We’re serving up a cryptic cocktail of mysteries, market moves, and major shakeups that’ll keep you on the edge of your seat. Ready to dive into the madness? Read on to - [SBF's 'Ex-cuse Me' Plea: A Crypto Comedy of Errors](https://news.shib.io/2024/09/14/sbfs-ex-cuse-me-plea-a-crypto-comedy-of-errors/): In the grand saga of crypto scandals, Sam Bankman-Fried’s appeal for a retrial stands out like a particularly spicy meme coin. It’s a tale of alleged bias, questionable legal tactics, and a whole lot of drama. Ladies and gentlemen, pull up a chair, grab your popcorn 🍿, and let’s dive into the latest twist in the FTX soap opera: Sam Bankman-Fried (SBF) is back, and he wants a retrial. Yes, you heard that right. Just when you thought the FTX saga couldn’t get any spicier, SBF throws a Hail Mary, claiming that the judge in his case wasn’t playing fair. - [Gary Gensler: Is He Harris’ Baggage or Just a Scapegoat?](https://news.shib.io/2024/09/14/gensler-is-he-harris-baggage-or-just-a-scapegoat/): Gary Gensler, the man who’s been cracking down on crypto like a man on a mission, is suddenly finding himself under investigation for – wait for it – favoritism. Yes, folks, the Chair of the SEC is now being accused of playing favorites when hiring his senior staff. 🧐 The plot thickens. As if Gensler wasn’t already causing Kamala Harris enough of a political headache, now there are whispers that his alleged hiring biases might just be the perfect excuse to finally kick him to the curb. And let’s face it, with Gensler becoming more of a political liability every - [CZ Is Coming Home: A Bull Run or Just Bull?](https://news.shib.io/2024/09/14/cz-is-coming-home-a-bull-run-or-just-bull/): The crypto world’s favorite rogue founder, Changpeng “CZ” Zhao, is about to make his grand return to the wild west of blockchain! Set to be released from his “halfway house” on Sept. 29, 2024, CZ’s imminent release is sparking all kinds of speculation across the cryptosphere. Will his return mark a bullish rally for the crypto market, or will it be just another episode in the ever-dramatic reality show of crypto? 🍿 For those who need a quick recap: CZ, the former CEO of Binance, has been chilling in a federal facility after pleading guilty to violations of the Bank - [Bitcoin Death Cross Looms: Saylor Says ‘Hold My Beer’ As He Forecasts $13M](https://news.shib.io/2024/09/14/bitcoin-death-cross-looms-saylor-says-hold-my-beer-as-he-forecasts-13m/): In a stark contrast to its $74,000 all-time high back in March, Bitcoin recently took a hard nosedive, landing at around $56,000 as of September 11. That’s nearly a 25% drop! 🤕 And let’s just say some indicators are sounding the alarm bells, warning us that it might dip even more in the weeks ahead. 📉 It has managed to catch its breath and is back up to $60,431 at the time of writing. 🤓 Was that just a pit stop or will BTC experience an even lower dip in the near future as feared by some? 😰 Get ready - [Trump World Liberty Fi: DeFi Revolution or Distraction Tactic?](https://news.shib.io/2024/09/14/trump-world-liberty-fi-defi-revolution-or-distraction-tactic/): Hold onto your MAGA hats, folks, because Donald Trump is diving headfirst into the crypto world! That’s right, the former president, the man who gave us steaks, a university, and a series of reality TV meltdowns is now launching his own crypto platform, World Liberty Financial, and it’s promising to be as entertaining as his presidency. The Pro-Crypto Trump Trump, who once called Bitcoin a “scam,” has apparently had a change of heart (or maybe just a change of strategy). He’s now rebranding himself as a crypto champion, promising to usher in a new era of financial freedom with his - [The Shib Daily Crypto Recap: Friday](https://news.shib.io/2024/09/14/crypto-the-shib-daily-recap-friday/): Friday proved to be another dynamic day in the ever-evolving world of crypto, marked by significant regulatory developments, ongoing discussions about blockchain scalability, and notable price movements across various digital assets. From Hong Kong signaling a potential shift in its stance towards crypto services to Vitalik Buterin’s call for greater decentralization in Layer-2 networks, the day’s news underscored the industry’s continuous push towards maturity and mainstream adoption, even amidst persistent market uncertainties. The Shiba Inu ecosystem buzzed with activity, with Shibarium’s robust security measures garnering praise and the potential for a BONE supply squeeze captivating investors. Meanwhile, the broader financial - [Ethereum Foundation Mailing List Provider Compromised, Hackers Promote Fake Staking Platform with 6.8% APY](https://news.shib.io/2024/06/25/ethereum-foundation-email-list-provider-compromised-confirms-community-manager-users-warned-of-unauthorized-emails/): The email list provider of the Ethereum Foundation was recently compromised, leading hackers to send out unauthorized emails promoting a fake staking platform with a lucrative 6.8% annual percentage yield (APY). Ethereum core developer Tim Beiko confirmed the breach on X (formerly Twitter), warning users not to click on any links sent from the compromised email address, updates@ethereum.org. In a tweet, Beiko stated, “PSA: it seems like the mailing list provider the EF uses for ‘updates@ethereum.org’ has been compromised. We are currently trying to reach @SendPulseCom to resolve the issue. Please don’t click any links sent from that email.” He - [Shiba Inu 'Safer Than Memes, Better Returns Than Mid-Caps': Crypto Trader](https://news.shib.io/2024/06/25/shiba-inu-safer-than-memes-better-returns-than-mid-caps-crypto-trader/): Shiba Inu (SHIB), once dismissed as just another meme coin, has emerged as a surprising contender and was hailed by a prominent crypto trader as a safer alternative to meme coins with the potential for greater returns than many mid-cap cryptocurrencies.  In a recent exchange on X (formerly Twitter), a self-proclaimed full-time crypto and stock trader, @blockchainedbb, shared their insights about SHIB with their substantial following of over 190,000 users. When a follower expressed interest in investing but was hesitant due to their smaller portfolio size, the trader recommended SHIB as a solid starting point. “SHIB is good for people - [Another Millionaire: Shiba Inu Investor Cashes in $8.3M Profit Amid Market Dip](https://news.shib.io/2024/06/25/another-millionaire-shiba-inu-cashes-in-8-3m-profit-amid-market-dip/): Another Shiba Inu investor, in a surprising turn of events, has struck gold, cashing in an impressive $8.3 million profit despite the recent market downturn. This feat underscores the volatile yet lucrative nature of the cryptocurrency market, highlighting how strategic investments can yield substantial rewards even amid broader financial instability. The cryptocurrency industry, known for its extreme volatility, is often seen as a high-risk investment arena. Many believe that making money during a market dip is nearly impossible. However, this notion was recently debunked by a Shiba Inu whale. The savvy Shiba Inu investor defied the recent bearish trend in - [Free at Last: Julian Assange Leaves Prison, Ending 1,901-day Incarceration After Plea Deal](https://news.shib.io/2024/06/25/free-at-last-julian-assange-leaves-prison-ending-1901-day-incarceration-after-plea-deal/): Julian Assange, the founder of WikiLeaks, walked free from Belmarsh maximum security prison on Monday, concluding his 1,901-day incarceration. His release, granted by the High Court in London, followed a plea deal with the U.S. Justice Department in which he agreed to plead guilty to a felony charge of conspiring to unlawfully obtain and disseminate classified national defense information. In a statement posted on X (formerly Twitter), WikiLeaks confirmed that Assange had boarded a plane and left the United Kingdom on Monday. They expressed gratitude for those who supported Assange’s fight for freedom and reiterated the organization’s mission to hold - [ARK's Cathie Wood Explains why Trump Would Be 'Best for the Economy'](https://news.shib.io/2024/06/25/arks-cathie-wood-explains-why-trump-would-be-best-for-the-economy/): In a recent interview with financial analyst and YouTuber Kevin Paffrath, Cathie Wood endorsed Trump for the upcoming presidential election, stating he would be “best for the economy.”  - [LockBit Claims It Hacked the US Federal Reserve](https://news.shib.io/2024/06/25/lockbit-claims-the-hack-of-the-u-s-federal-reserve/): The LockBit ransomware group has claimed to have breached the U.S. Federal Reserve, threatening to release 33 terabytes of sensitive banking information if a ransom was not paid by Tuesday. The group said it had exfiltrated confidential data related to American banking activities. The notorious ransomware group, known for its aggressive tactics and sophisticated attacks across various sectors including healthcare, government, and critical infrastructure, claimed to have breached the U.S. Federal Reserve. LockBit announced on their Tor data leak site that they had exfiltrated 33 terabytes of confidential data related to American banking activities. The Federal Reserve did not immediately - [Mt. Gox Repayments Set to Begin in July: A Decade-Long Wait Nears Its End](https://news.shib.io/2024/06/24/mt-gox-repayments-set-to-begin-in-july-a-decade-long-wait-nears-its-end/): In a long-anticipated development, the trustee of the defunct cryptocurrency exchange Mt. Gox announced today that repayments to creditors will finally commence in early July 2024. This move comes nearly a decade after the Tokyo-based exchange’s abrupt collapse in early 2014, following a massive hack that resulted in the loss of approximately 850,000 BTC. Nobuaki Kobayashi, the Rehabilitation Trustee, confirmed in the notice that the repayments will be made in Bitcoin and Bitcoin Cash (BCH). “We have taken time to ensure safe and reliable repayment to creditors, including technical remedies for safe repayments, compliance with financial regulations in each country, - [Hong Kong Legislative Council Forms Digital Asset Development and Web3 Subcommittee](https://news.shib.io/2024/06/24/hong-kong-legislative-council-forms-digital-asset-development-and-web3-subcommittee/): Hong Kong is positioning itself as a leading hub for Web3 and virtual asset development with the recent establishment of a specialized subcommittee under its legislative council. This proactive step marks a significant stride in aligning Hong Kong’s regulatory framework with the rapid evolution of the global crypto landscape. Johnny Ng, a prominent Hong Kong lawmaker, announced through an X post on Saturday that the Hong Kong Legislative Council has set up a Subcommittee on Web3 and Virtual Asset Development. This committee aims to gather policy feedback from the global Web3 industry to shape future regulations and strategies. Ng emphasized - [Rapper 50 Cent's Account Exploited in Crypto Scam, Hacker Makes Millions](https://news.shib.io/2024/06/24/rapper-50-cents-account-exploited-in-crypto-scam-hacker-makes-millions/): Rapper and entrepreneur 50 Cent, known for his rags-to-riches story, found himself on the other end of the financial spectrum this weekend after his social media accounts were compromised to promote a fraudulent cryptocurrency. The incident highlights celebrities’ growing vulnerability in the crypto world’s wild west. Hackers accessed 50 Cent’s X account and his website, Thisis50.com. They then used these platforms to promote a new cryptocurrency called GUNIT aggressively. The name, a clear reference to the rapper’s G-Unit record label, was likely chosen to create a false association and capitalize on 50 Cent’s massive following. The hackers flooded the accounts - [Shibarium Heats Up: Transaction Fee Explosion Reflects Skyrocketing User Activity](https://news.shib.io/2024/06/24/shibarium-heats-up-transaction-fee-explosion-reflects-skyrocketing-user-activity/): Shibarium, the layer-2 scaling solution for Shiba Inu, experienced a significant surge in activity recently, highlighted by a dramatic increase in transaction fees and a substantial rise in new transactions. This surge in network engagement underscores a growing interest in the Shiba Inu ecosystem and its potential for broader adoption. Transaction fees on Shibarium witnessed a staggering 388.10% increase, rising from 16.22 BONE on June 17 to 78.18 BONE on June 23, based on the data from the blockchain explorer Shibarium Scan. This surge in fees reflects the heightened demand for transactions on the network, indicating increased user activity and - [ARK Invest CEO Cathie Wood Supports Trump for President, Says He Would Be 'Best for the Economy'](https://news.shib.io/2024/06/24/ark-invest-ceo-cathie-wood-president-is-trump-explains-he-would-bebest-for-the-economy/): Cathie Wood, the CEO of ARK Invest, has expressed support for Donald Trump as a potential future President of the United States. This support comes as Trump gains traction in the Republican primaries.  In a recent interview with financial analyst and YouTuber Kevin Paffrath, Wood endorsed Trump for the upcoming presidential election, stating he would be “best for the economy.” Wood highlighted her focus on economic performance and emphasized that her voting decision is driven by economic considerations, aligning with her investment philosophy at ARK Invest. Wood, during the interview, was asked the popular question: “Trump or Biden?” Wood, who - [Football Legend Ronaldinho Rallies for Crypto Mainstream Adoption: 'Who's With Me?'](https://news.shib.io/2024/06/24/football-legend-ronaldinho-rallies-for-crypto-mainstream-adoption-whos-with-me/): Brazilian football icon Ronaldinho Gaúcho has championed the cause of cryptocurrency, calling for its mainstream adoption and inviting his vast global following to join him in embracing the digital asset revolution.  Taking to social media, the legendary athlete posed a simple yet powerful question: “Time for crypto to go mainstream, who’s with me?” This enthusiastic call to action follows Ronaldinho’s recent partnership with Lingo, a reward token platform that leverages real-world assets (RWAs) and blockchain technology. A few days earlier, Lingo announced via X (formerly Twitter) its collaboration with Ronaldinho, welcoming him as their newest brand ambassador. The company aims - [Mark Cuban Falls Prey to Phishing Scam, Gmail Compromised Following Crypto Losses](https://news.shib.io/2024/06/23/mark-cuban-falls-prey-to-phishing-scam-gmail-compromised-following-crypto-losses/): Over the weekend, billionaire entrepreneur and Dallas Mavericks owner Mark Cuban fell victim to a phishing scam that compromised his Gmail account. This latest incident comes just months after he lost $870,000 in a crypto hack, raising questions about the security of even the most tech-savvy individuals. Cuban, the billionaire investor, owner of the Dallas Mavericks, and vocal advocate for cryptocurrencies, announced on X (formerly Twitter) that his Gmail account had been compromised. He attributed the breach to a phone scam where an individual posing as “Noah” from Google used social engineering tactics to gain access to his account. Cuban - [Deutsche Telekom Unveils Ambitious Plan for 'Digital Monetary Photosynthesis'](https://news.shib.io/2024/06/23/deutsche-telekom-unveils-ambitious-plan-for-digital-monetary-photosynthesis/): Deutsche Telekom MMS has unveiled an ambitious plan for “digital monetary photosynthesis.” while confirming Bitcoin mining “soon.” - [The Weekly Meme Digest - June 22, 2024](https://news.shib.io/2024/06/22/the-weekly-meme-digest-6/): Greetings, meme mavens, fellow degens, moonwalkers, NFT whisperers and blockchain buffs! Welcome to this week’s edition of the Weekly Meme Digest, your one-stop shop for the best and most hilarious happenings in the crypto cosmos.  This week’s The Shib’s Daily’s Weekly Meme Digest is back to inject a healthy dose of hilarity into your HODL-ing routine. 🤪 We have a whirlwind of WTH moments that’ll leave you questioning your sanity (and your portfolio). But hey, who needs therapy when you have memes? 😂 This is the wild and wacky world of crypto culture – where the moon is our North - [Don't Mess with the Winklevoss Twins: They'll Bitcoin Your Campaign into Oblivion](https://news.shib.io/2024/06/22/dont-mess-with-the-winklevoss-twins-theyll-bitcoin-your-campaign-into-oblivion/): Anyone who has heard of the Winklevoss twins knows they are big game hunters! 🎯 These two aren’t just playing the game; they’re rewriting the rules and flipping the board. Let’s take a stroll down memory lane, shall we? 🕰️ In 2004, they sued Mark Zuckerberg, claiming he swiped their idea and source code to create Facebook. And guess what? Zuck settled for a cool $65 million in 2008. 💸 Cha-ching! Fast forward to 2014, and these Harvard rowers turned tech moguls founded the New York-based cryptocurrency exchange Gemini. 🚀 Not content with just running an exchange, they dipped their - [CertiK and Kraken's Crypto Caper: A Heist, a White Hat Hack, or a Marketing Masterclass?](https://news.shib.io/2024/06/22/certik-and-krakens-crypto-caper-a-heist-a-white-hat-hack-or-a-marketing-masterclass/): Crypto mornings are rarely dull, but waking up to the Kraken chief security officer’s post one fine Wednesday morning announcing $3 million in missing funds takes the cake—or the crypto. 🤯 He pointed a well-manicured finger at a “security researcher” who apparently pulled off this digital magic trick. But wait, there’s more! The researcher allegedly demanded a reward and a tête-à-tête with Kraken’s business development team. 🕶️🚀💰 🔒 Enter CertiK, the blockchain security firm that moonlights as a bug whisperer. They swooped in like Batman after a triple espresso and revealed themselves as the mysterious “security researcher.” 🦸‍♂️ Turns out, - [Two Michaels, One Bitcoin: A Bromance Brewing in the Cryptoverse?](https://news.shib.io/2024/06/22/two-michaels-one-bitcoin-a-bromance-brewing-in-the-cryptoverse/): We have a new saga to keep you on the edge of your seats, in this ever-entertaining world of cryptocurrency, where drama is digital and the stakes are sky-high.  This episode features two tech titans, Michael Saylor and Michael Dell, whose recent escapades in the Bitcoin world have all the makings of a classic bromance.. 🍿💥 Saylor: “Another round of sats, bartender! Make it 12,000, on the rocks.” 🧊🥃 Dell: “Hold my beer, I’m about to tweet something cryptic about blockchain.” 🐦 Forget the moon, Bitcoin might be headed straight for Mars with these two tech moguls leading the charge! - [Tether's Golden Goose Laid Bare: Nonprofit's Campaign Cries Foul Following aUSDT Launch](https://news.shib.io/2024/06/22/tethers-golden-goose-laid-bare-nonprofits-campaign-cries-foul-following-ausdt-launch/): In the wake of Tether’s shiny new stablecoin, Alloy (aUSDT), a nonprofit watchdog group isn’t buying the hype. In fact, they’re launching a full-blown ad campaign with a provocative question: “Is Tether the next FTX?” 😱 Tether, the stablecoin giant supposedly with less-than-stellar transparency and alleged shady dealings, is facing a fresh wave of criticism following the aUSDT launch. While Tether claims this gold-backed stablecoin is a revolutionary step for crypto payments, critics see it as a desperate attempt to distract from mounting concerns about the company’s reserves and solvency. 🤨 Enter Consumer’s Research, the nonprofit that’s taking Tether to - [Finland: Where Bitcoin Mining is So Hot, It's Literally Heating Homes](https://news.shib.io/2024/06/22/finland-where-bitcoin-mining-is-so-hot-its-literally-heating-homes/): Forget reindeer games and aurora borealis, Finland’s latest flex is heating homes with the fiery passion of Bitcoin mining! 🇫🇮 That’s right, Marathon Digital Holdings, the crypto mining behemoth, has transformed their Finnish facility into a real-life Santa’s workshop, only instead of toys, they’re churning out toasty warmth for over 11,000 residents. Talk about HODLing with benefits! 🎁 From Number Go Up to Thermostat Go Up: A Match Made in Crypto Heaven? 📈🌡️ Marathon’s not just blowing hot air here (though, technically, they are). They’ve concocted a genius scheme called “district heating.” Essentially, all those mining rigs working hard to - [Taiwan Unveils World’s First Crypto-Friendly Bank Account Amid Growing Crypto Adoption and Educational Initiatives](https://news.shib.io/2024/06/21/taiwan-unveils-worlds-first-crypto-friendly-bank-account-amid-growing-crypto-adoption-and-educational-initiatives/): In a landmark move for the financial and cryptocurrency sectors, Taiwan is set to launch the world’s first dedicated crypto-friendly bank account. BitoGroup, the parent company of the Taiwanese cryptocurrency exchange BitoPro, has partnered with Far Eastern International Bank’s digital arm, Bankee, to facilitate seamless fiat transactions between BitoPro users and traditional banks. This groundbreaking initiative aims to bolster the integration of cryptocurrencies into mainstream financial systems, marking a significant milestone for the global crypto community. BitoGroup CEO Titan Cheng announced that this new service is expected to increase the average daily transaction amount per user by 25% initially. The - [Musk's X Payments Network Bypasses Crypto, Leaving Enthusiasts Perplexed](https://news.shib.io/2024/06/21/musks-x-payments-network-bypasses-crypto-leaving-enthusiasts-perplexed/): Elon Musk’s vision for X, the social media platform formerly known as Twitter, is taking a surprising turn. Leaked documents obtained by Bloomberg reveal plans for a new in-app payment system, “X Payments,” that will integrate with the platform but excludes cryptocurrency functionality. The leaked documents, comprising 350 pages of emails and money transmitter license applications submitted to regulators in eleven states, paint a clear picture of X’s ambitions. The platform is actively seeking licenses to operate as a money transmitter, a crucial step for facilitating peer-to-peer payments within the app. However, buried deep within the paperwork lies a crucial - [Dell Founder Signals Interest In Crypto, Latest Tweets Seemingly Hinting at Bitcoin Adoption](https://news.shib.io/2024/06/21/dell-owner-signals-interest-in-crypto-latest-tweets-seemingly-hinting-at-bitcoin-adoption/): Michael Dell, the billionaire founder of Dell Technologies, has recently shown a growing interest in Bitcoin, sparking speculation about the company potentially embracing the cryptocurrency. Dell’s social media activity, particularly on Twitter, has been hinting at a possible move toward Bitcoin adoption, causing a stir among industry observers and crypto enthusiasts. The 10th richest man in the world reposted Michael Saylor’s “Bitcoin is Digital Scarcity” tweet, which for many is a clear indication of his alignment with the pro-Bitcoin narrative. Further fueling speculation, Dell promoted an account featuring Sesame Street’s Cookie Monster eating Bitcoin, saying, “This is a great account - [Altcoin Delisting Rumors Spark Investor Panic, Korean Exchanges See Double-Digit Drops](https://news.shib.io/2024/06/21/altcoin-delisting-rumors-spark-investor-panic-korean-exchanges-see-double-digit-drops/): Fueled by unsubstantiated rumors of a government crackdown, South Korea’s cryptocurrency market experienced a significant downturn this week. Major altcoins (alternative coins) witnessed double-digit price drops, rattling investor confidence and causing a ripple effect across domestic exchanges. The panic selling began after reports surfaced online, alleging that the Financial Services Commission (FSC), the country’s financial watchdog, would be implementing stricter regulations. Local Korean media outlets, including EBN News, reported that the rumors claimed the FSC would conduct quarterly reviews of the roughly 600 altcoins listed on domestic exchanges. These reviews, the rumors continued, would result in the delisting of any - [Italy Cracks Down on Crypto Wild West to Mitigate Money Laundering Risks](https://news.shib.io/2024/06/21/italy-cracks-down-on-crypto-wild-west-to-mitigate-money-laundering-risks/): Italy is poised to become the latest European nation to tighten its grip on the cryptocurrency market, according to a draft decree reviewed by Reuters. The move signals a growing global trend towards regulating the once-unfettered digital asset landscape, focusing on mitigating risks and protecting consumers. While the exact details are still under cabinet review, the draft outlines a two-pronged approach: enhanced surveillance and stricter penalties for market manipulation. Italy’s central bank and financial watchdog, Consob, will be tasked with overseeing cryptocurrency activities, aiming to safeguard financial stability and ensure the “orderly functioning of markets.” This could involve stricter reporting - [Bitcoin’s Slide Below Key Support Signals Potential Market Shakeup](https://news.shib.io/2024/06/21/bitcoins-slide-below-key-support-signals-potential-market-shakeup/): Bitcoin, the world’s leading cryptocurrency, has recently dipped below a critical support level, signaling potential market turbulence ahead. This development underscores growing concerns about the market’s stability as traders adjust their strategies and whales continue to offload their assets. The pivotal support level at $65,000 has been breached. This drop is significant as it indicates weakening market confidence and increasing downside pressure. The unwinding of basis trades, where traders exploit price differences between the spot and futures markets, has exacerbated this trend. Additionally, long-term holders and miners have been significant sellers recently, with CryptoQuant revealing that over $1.2 billion worth - [Shiba Inu Whales Signal Confidence with Massive $45M+ SHIB Transfers](https://news.shib.io/2024/06/21/shiba-inu-whales-signal-confidence-with-massive-45m-shib-transfers/): Shiba Inu whales have recently signaled their growing confidence in the meme-inspired cryptocurrency by executing massive transfers of SHIB tokens, totaling over $45 million in value. Shiba Inu whales have recently signaled their growing confidence in the meme-inspired cryptocurrency by executing massive transfers of SHIB tokens, totaling over $45 million in value. A Shiba Inu whale with over $6 million in profit withdrew 353.83 billion SHIB from Binance, as reported by blockchain firm LookOnchain. This substantial withdrawal indicates the whale’s strategic maneuvering within the market. Additionally, Whale Alert reported a massive transfer of 2.2 trillion SHIB, valued at approximately $39.95 - [EXCLUSIVE: Shiba Inu Unveils Ambitious Gaming Ecosystem Powered by Shibarium](https://news.shib.io/2024/06/21/exclusive-shiba-inu-unveils-ambitious-gaming-ecosystem-powered-by-shibarium/): Shiba Inu, the popular cryptocurrency project, revealed an ambitious roadmap for a comprehensive gaming ecosystem built on its Shibarium layer-2 scaling solution. The first step in this endeavor was the announcement of a Web3 closed beta of their acclaimed collectible card game, Shiba Eternity, which is slated for release in Q3 of this year. The gaming industry has witnessed a growing trend of traditional studios embracing blockchain technology in recent months. These studios are actively seeking blockchain providers who can deliver high performance, robust security, and cost-effective transaction solutions to ensure smooth and secure gameplay experiences. Shiba Inu has embraced - [Winklevoss Twins Donate $2M in BTC to Trump Campaign to End Joe Biden's 'War on Crypto'](https://news.shib.io/2024/06/21/crypto-money-flows-in-gemini-founders-donate-2m-in-bitcoin-to-trumps-campaign/): The Winklevoss twins, pioneers in the crypto space and founders of the crypto exchange Gemini, have generously contributed 30.94 Bitcoin, worth $2 million, to former President Donald Trump’s campaign. Their endorsement comes as a response to Trump’s unwavering pro-crypto stance and a desire to counter what they perceive as the Biden administration’s ‘war on crypto.’ Cameron and Tyler Winklevoss’ substantial donation to the presumptive Republican nominee comes a few weeks after he championed the cryptocurrency industry through his campaign speeches. In their statements, the Gemini founders accused the current Biden administration of using regulatory agencies to target the crypto industry, - [3iQ Takes First Step Toward Ambitious SolETF with Solana Fund (QSOL)](https://news.shib.io/2024/06/21/3iq-takes-first-step-toward-ambitious-soletf-with-solana-fund-qsol/): After a wave of speculation and discussion, Canada-based digital asset manager 3iQ, in a bold move signaling a new era for the Solana ecosystem, has taken a decisive first step toward launching the inaugural Solana Exchange Traded Fund (ETF) in North America. 3iQ took a significant step toward launching the first Solana ETF by filing a preliminary prospectus for The Solana Fund (QSOL) in Canada. “This continues our track record of innovation, and if receipt of applicable regulatory approvals is obtained, the Fund would be the first Solana exchange-traded product to be listed in North America,” the digital asset manager - [CertiK Goes Public About Kraken Bug Exploit Resulting in $3 Million Loss, Faces Scrutiny and Backlash](https://news.shib.io/2024/06/20/certik-goes-public-about-kraken-bug-exploit-resulting-in-3-million-loss-faces-scrutiny-and-backlash/): In a stunning revelation, blockchain security firm CertiK has admitted to identifying vulnerabilities in Kraken’s exchange, leading to the unauthorized withdrawal of $3 million worth of digital assets. This admission, disclosed in a June 19 thread on X, has ignited controversy and raised questions about the ethical boundaries of security research in the blockchain industry. Nick Percoco, Kraken’s chief security officer has since informed, “We can now confirm the funds have been returned (minus a small amount lost to fees).” CertiK, headquartered in New York, stated that the bug was first identified on June 5 and was related to Kraken’s - [Shiba Inu Crowned as 'Blue Chip' Meme Coin, Crypto Trader Highlights Potential in the Next Alt Season](https://news.shib.io/2024/06/20/shiba-inu-crowned-as-blue-chip-meme-coin-crypto-trader-highlights-potential-in-the-next-alt-season/): Shiba Inu (SHIB) has been hailed as a ‘blue chip’ meme coin by a prominent crypto trader, underscoring its substantial potential and promising outlook for the next alt season. A crypto trader, who uses the handle trading_vapor, also emphasized the growing significance of meme coins in the crypto market, where they offer both high-risk, high-reward opportunities and a unique appeal to mass retail investors.  Shiba Inu’s rise to prominence, alongside other established meme coins, signals a shift towards greater legitimacy and stability within this sector, making it a compelling contender for investors seeking to capitalize on the next wave of - [India's Financial Watchdog Fines Binance $2.2 Million for Regulatory Lapses](https://news.shib.io/2024/06/20/indias-financial-watchdog-fines-binance-2-2-million-for-regulatory-lapses/): India’s Financial Intelligence Unit (FIU) has imposed a fine of $2.2 million on cryptocurrency exchange giant Binance. The penalty stems from alleged non-compliance with anti-money laundering (AML) regulations. The order, dated June 19, 2024, comes amid growing scrutiny of cryptocurrency exchanges in India. The FIU, responsible for safeguarding the financial system from money laundering and terror financing, had previously registered Binance in a landmark move for the country’s crypto industry. However, the registration process was contingent upon Binance’s adherence to AML and Know Your Customer (KYC) norms. The FIU identified lapses in Binance’s onboarding procedures and transaction monitoring systems. These - [EXCLUSIVE: Shiba Inu to Launch Web3 'Shiba Eternity' Closed Beta with Shibarium Integration in Q3](https://news.shib.io/2024/06/20/exclusive-shiba-inu-to-launch-web3-shiba-eternity-closed-beta-with-shibarium-integration-in-q3/): The Shiba Inu ecosystem continues to expand as it prepares to unveil a Web3 version of its acclaimed collectible card game, Shiba Eternity, powered by the Shibarium layer-2 scaling solution. This highly anticipated closed beta launch is scheduled for the third quarter of this year. Shiba Inu Games’ gaming lead, Angel, shared with The Shib Daily, “The entire team has been working tirelessly in bringing Shiba Eternity onto Shibarium while staying true to its core principle of competitive yet enjoyable gameplay. I hope the community is as excited as we are for our beta release.” Shiba Eternity, a strategic card - [Not Just a Meme Coin: Where You Can Actually Spend Your Shiba Inu (SHIB)](https://news.shib.io/2024/06/20/not-just-a-meme-coin-where-you-can-actually-spend-your-shiba-inu-shib/): Shiba Inu (SHIB) is rapidly shedding its “meme coin” image and proving its real-world value, as a growing number of businesses worldwide now accept it as payment. From booking flights and ordering food to shopping for electronics and even luxury goods, SHIB holders can now use their tokens for everyday purchases, demonstrating the increasing acceptance and utility of this popular cryptocurrency. Just days ago, Shiba Inu, the world’s second-largest dog-themed altcoin by market capitalization, reached a groundbreaking milestone by successfully facilitating a web3 food delivery order through DevourGO. This historic event marks the first instance of a meme coin being - [Shiba Inu: Gold Sponsor at IVS Crypto 2024 KYOTO, Japan's Largest Web3 Conference for Startup Executives](https://news.shib.io/2024/06/19/shiba-inu-gold-sponsor-at-ivs-crypto-2024-kyoto/): Shiba Inu (SHIB), the popular cryptocurrency, has secured a Gold Sponsor title for IVS Crypto 2024 KYOTO, solidifying its presence as a major player in the ever-evolving blockchain landscape. The event, slated to be Japan’s largest crypto conference again, will be held in the historic city of Kyoto on July 4-6, 2024. The positive development marks a significant step for SHIB, demonstrating its ambition to move beyond its meme coin origins and establish itself as a force within the industry. Known as the biggest crypto conference for startup executives in Japan, the event has been bringing together top figures in - [Kraken Faces $3 Million Security Breach by Rogue Researchers Exploiting Exchange Bug](https://news.shib.io/2024/06/19/kraken-faces-3-million-security-breach-by-rogue-researchers-exploiting-exchange-bug/): In a startling incident, the prominent cryptocurrency exchange Kraken has disclosed a $3 million loss resulting from an exploited bug in its funding system. The breach, reported by Kraken’s Chief Security Officer Nick Percoco, highlights significant challenges in balancing security and ethical hacking within the crypto ecosystem. On June 9, Kraken received an alert from a self-proclaimed security researcher about a critical bug in the exchange’s funding system. According to Percoco, the flaw originated from a recent UX change, allowing client accounts to be credited before their assets were fully cleared. This oversight enabled users to trade crypto markets in - [Shib Nami Ura](https://news.shib.io/2024/06/19/shib-nami-ura/): Read the latest edition of The Shib magazine here. - [North Dakota Revokes Binance US License, Becoming Latest State to Take Action](https://news.shib.io/2024/06/19/north-dakota-revokes-binance-us-license-becoming-latest-state-to-take-action/): North Dakota has become the latest state to revoke the money transmitter license of Binance.US, further escalating regulatory scrutiny of the popular cryptocurrency exchange, according to an announcement by the North Dakota Department of Financial Institutions (DFI), adding to the growing list of states taking action against Binance.US. DFI Commissioner Lise Kruse cited non-compliance with state money transmitter laws as the primary reason for the revocation. The order specifically mentions that Binance.US, operated by BAM Trading Services Inc., is failing to meet these requirements. Additionally, the order references the November 2023 federal conviction of Binance and its founder, Changpeng Zhao, - [Supreme Court to Take Up Nvidia Shareholder Lawsuit Over Crypto Sales Transparency](https://news.shib.io/2024/06/19/supreme-court-to-take-up-nvidia-shareholder-lawsuit-over-crypto-sales-transparency/): The U.S. Supreme Court agreed to hear a closely watched case brought by Nvidia shareholders, potentially setting a precedent for how companies disclose their involvement in volatile markets like cryptocurrency, Bloomberg reported. The lawsuit accuses the chipmaker giant of misleading investors about the extent to which its sales relied on cryptocurrency mining during the 2017-2018 boom. The case hinges on Nvidia’s alleged failure to adequately inform investors about the risks associated with its dependence on crypto-related sales. The lawsuit, filed in 2018 by Swedish investment firm E. Ohman J: or Fonder AB, claims that Nvidia CEO Jensen Huang and CFO - [Shiba Inu Whales Pour $95 Million into SHIB, But Face $538 Million Sell Wall](https://news.shib.io/2024/06/19/shiba-inu-whales-pour-95-million-into-shib-but-face-538-million-sell-wall/): Large SHIB holders, often referred to as Shiba Inu whales, have recently demonstrated a strong vote of confidence in the cryptocurrency by investing a staggering $95 million within a 24-hour timeframe. This significant influx of funds into SHIB suggests a belief in the token’s long-term potential despite a substantial sell wall looming at the $0.000066 price point. Data from blockchain analytics platform IntoTheBlock revealed a remarkable 295% surge in large transactions, defined as those exceeding $100,000. These transactions, totaling 4.95 trillion SHIB and valued at $95.57 million, underscore the whales’ active involvement in the market. This increase in large transaction - [Is Shiba Inu More Than Just a Meme? The Sandbox Says Yes](https://news.shib.io/2024/06/19/shiba-inu-breaks-barriers-the-sandbox-adoption-cements-utility-beyond-memes/): Shiba Inu, the world’s second-largest dog-themed altcoin by market cap, is breaking barriers and solidifying its position beyond its memetic origins. This follows the announcement by The Sandbox, a leading decentralized gaming virtual world, of its acquisition of $SHIB along with other crypto assets.  This move marks a significant shift in the perception of Shiba Inu, highlighting its potential for real-world utility within the metaverse and potentially paving the way for wider adoption in the gaming and Web3 landscapes. In a statement, The Sandbox emphasized its commitment to staying at the forefront of industry trends and Web3 culture through this - [Consensys Continues Legal Battle Despite SEC Dropping Ethereum Investigation](https://news.shib.io/2024/06/19/consensys-continues-legal-battle-despite-sec-dropping-ethereum-investigation/): Consensys, a leading blockchain software technology company, celebrated a significant victory as the U.S. Securities and Exchange Commission (SEC) dropped its investigation into Ethereum 2.0, confirming no enforcement action against the company. However, the legal battle continues as Consensys pursues a lawsuit against the SEC seeking regulatory clarity for its MetaMask Swaps and Staking products, highlighting the ongoing struggle for clear regulatory frameworks within the rapidly evolving blockchain industry. However, the legal battle is far from over. Consensys, headed by Ethereum co-founder Joe Lubin, remains committed to pursuing its lawsuit against the SEC, seeking regulatory clarity for its MetaMask Swaps - [June Crypto Jinx: A Dive Into Historical Trends of Shiba Inu, Bitcoin, and Ethereum](https://news.shib.io/2024/06/18/june-crypto-jinx-a-dive-into-historical-trends-of-shiba-inu-bitcoin-and-ethereum/): The “June Crypto Jinx” has long intrigued market analysts and investors. A dive into the historical data reveals that cryptocurrencies like Shiba Inu, Bitcoin, and Ethereum often experience significant price fluctuations during this month. Shiba Inu is currently trading in the red zone at $0.00001819, representing a double-digit drop in value by 23.84%. While many are wondering why the market is behaving this way, a crypto analyst who uses the handle @0xSisyphus suggested on X (formerly Twitter) that historical patterns might hold the key to understanding this phenomenon. The crypto analyst, @0xSisyphus, with over 116,000 followers on X, pointed towards - [Tanzania Considers Taxing Crypto Transactions Through Income Tax Act Changes](https://news.shib.io/2024/06/18/tanzania-considers-taxing-crypto-transactions-through-income-tax-act-changes/): Tanzania has unveiled proposed amendments to its Income Tax Act, aiming to capture a slice of the growing digital economy. The centerpiece of the proposal is a 3% withholding tax on income generated from cryptocurrency transactions, as per local media reports. Presented by Finance Minister Hon. Dr. Mwigulu Lameck Nchemba Madelu, the plan introduces a withholding tax on profits obtained from trading digital assets. This tax burden will fall on digital platform owners and facilitators handling crypto transfers and exchanges. These entities, designated as withholding agents, will be responsible for collecting the 3% tax and remitting it to the Tanzania - [Bybit Boosts Crypto Buying with Apple Pay Integration, Including SHIB](https://news.shib.io/2024/06/18/bybit-boosts-crypto-buying-with-apple-pay-integration-including-shib/): Major cryptocurrency exchange Bybit has announced in a press release the integration of Apple Pay for its Bybit Card, aiming to streamline and secure the cryptocurrency buying process. The move signifies Bybit’s commitment to providing a user-friendly and secure platform for its customers venturing into the crypto market. The integration promises various benefits for Bybit users: enhanced security, convenience, and potentially competitive pricing. Apple Pay boasts robust security features like Face ID, Touch ID, or device passcode verification, along with unique, dynamic security codes for each transaction. This adds an extra layer of protection compared to traditional payment methods. Convenience - [MetaMask Enhances Privacy Controls: A New Era of User Empowerment](https://news.shib.io/2024/06/18/metamask-enhances-privacy-controls-a-new-era-of-user-empowerment/): In a significant move toward enhancing user privacy and control, Consensys, the company behind MetaMask, the popular cryptocurrency wallet, has revamped its privacy policy. This update aims to offer greater transparency and robust security measures, reaffirming the company’s commitment to safeguarding user data in the rapidly evolving Web3 space. Consensys’ updated privacy policy introduces several key changes designed to empower users with more control over their data. One notable update is the increased transparency in processing internet protocol (IP) addresses. “We may temporarily process your IP address only where required for some of our services to provide the best possible - [Shiba Inu's Shytoshi Kusama Joins Crypto Elite on X, Reaching 1 Million Followers](https://news.shib.io/2024/06/18/shiba-inus-shytoshi-kusama-joins-crypto-elite-on-x-reaching-1-million-followers/): Shytoshi Kusama, the pseudonymous lead developer of the Shiba Inu crypto project, has officially joined the ranks of the crypto elites on X (formerly Twitter) by reaching a major milestone of 1 million followers. This achievement cements Kusama’s influence and prominence within the cryptocurrency community, marking a significant moment for both the leader and the Shiba Inu project. Shy, as he is fondly called by the Shib Army, now joins an exclusive group of influential figures in the crypto space. Among these elites are Elon Musk (@elonmusk), CEO of Tesla and SpaceX, who boasts approximately 184.9 million followers; Vitalik Buterin - [EXCLUSIVE: Shiba Inu Joins Elite Club, Now Accepted For Crypto.com's Visa Card Funding](https://news.shib.io/2024/06/18/shiba-inu-joins-elite-club-now-accepted-for-crypto-coms-visa-card-funding/): Shiba Inu (SHIB) has reached a significant milestone in its journey toward mainstream adoption, as it joins an elite group of cryptocurrencies accepted for funding on the Crypto.com Visa Card. This development comes as a major boost for the Shiba Inu community, further solidifying SHIB’s position in the evolving landscape of digital assets. Crypto.com, a leading cryptocurrency platform, recently informed its customers via email of an update on the expanded token support for its Visa card. In the update, it shared that Shiba Inu (SHIB) is now among the cryptocurrencies accepted for funding its Visa Card. The company shared the - [Shiba Inu Price on Fire: Crypto Analyst Predicts 294% Upside After Recent Dip](https://news.shib.io/2024/06/18/shiba-inu-price-on-fire-crypto-analyst-predicts-294-upside-after-recent-dip/): Shiba Inu (SHIB) is currently ablaze, experiencing a price surge of over 100% since breaking out of a previous resistance trend. This impressive performance has not gone unnoticed by crypto analysts, with one prominent trader predicting a potential 294% upside for the meme coin. Shiba Inu (SHIB), the second-largest dog-themed cryptocurrency by market capitalization, is currently experiencing a decline alongside a broader downturn in the cryptocurrency market. However, despite the current downtrend, an analysis of SHIB’s price history reveals that it has increased by over 100% since breaking through a significant resistance level. The latest analysis by prominent crypto trader - [Shiba Inu Burns Skyrocket 21,299% in Single Day, Nearly 12M SHIB Destroyed, Over 400M Burnt This Week](https://news.shib.io/2024/06/18/shiba-inu-burns-skyrocket-21299-in-single-day-nearly-12m-shib-destroyed-over-400m-burnt-this-week/): Shiba Inu burns is experiencing an extraordinary surge as it skyrocket by an astonishing 21,299% in a single day, resulting in the destruction of nearly 12 million SHIB tokens. Over the past week, more than 400 million SHIB have been burnt, highlighting a dramatic escalation in the token’s deflationary process. Despite the recent market downturn affecting Shiba Inu (SHIB) alongside Bitcoin and the wider cryptocurrency market, the dedicated SHIB community remains undeterred in its mission to reduce the token’s massive circulating supply. The ongoing burning of SHIB tokens, a process of permanently removing them from circulation, continues at an impressive - [Seized Assets Of SBF Spark Legal Battle: FTX Customers, Creditors, and Government Vie for Control](https://news.shib.io/2024/06/18/seized-assets-of-sbf-spark-legal-battle-ftx-customers-creditors-and-government-vie-for-control/): A fierce legal battle erupted over control of his seized assets, in the aftermath of Sam Bankman-Fried’s conviction and imprisonment, as customers, creditors, and the government are each staking their claim, further complicating the already intricate FTX bankruptcy case. In a June 14 filing in the United States District Court for the Southern District of New York, lawyers representing the FTX debtors and the firm’s Bahamian entity, FTX Digital Markets, argued that they had a “superior right” to assets that may be used to satisfy the court’s $11-billion judgment against Bankman-Fried.  The legal team claimed that FTX’s aircraft, funds held - [Wall Street Firm VanEck Recognizing Shiba Inu’s Potential, To Launch Bitcoin ETF on Australia’s Largest Stock Exchange](https://news.shib.io/2024/06/18/wall-street-firm-vaneck-recognizing-shiba-inus-potential-to-launch-bitcoin-etf-on-australias-largest-stock-exchange/): Wall Street investment firm VanEck, known for recognizing the potential of meme coins like Shiba Inu, in a groundbreaking move, is set to launch Australia’s first Bitcoin exchange-traded fund (ETF) on the Australian Securities Exchange (ASX), the country’s largest trading exchange. After three years of regulatory effort, the Bitcoin ETF of VanEck will start trading on Thursday, offering Australian investors a regulated avenue to gain exposure to Bitcoin. Arian Neiron, VanEck CEO and Managing Director for the Asia Pacific emphasized the firm’s commitment to providing innovative investment vehicles, acknowledging the growing demand for accessible crypto investments. “Notwithstanding that crypto investing - [Stablecoins: A Digital Solution to US Debt and Economic Stability](https://news.shib.io/2024/06/17/stablecoins-a-digital-solution-to-us-debt-and-economic-stability/): The U.S. economy faces significant challenges due to its large national debt and the growing influence of China in the global financial system. However, stablecoins backed by the U.S. dollar may offer a solution. These digital currencies create a demand for U.S. government debt, helping the country sustain its borrowing needs. According to a Wall Street Journal article, the U.S. is on a perilous path toward a debt crisis that could stall the economy and force drastic budget cuts. Entitlement programs like healthcare and retirement benefits are driving the debt, yet political gridlock has prevented necessary reforms. WSJ warns of - [Shiba Inu Eyes Bullish Surge, Predicted to Soar By Over 56% To $0.00003267](https://news.shib.io/2024/06/17/shiba-inu-eyes-bullish-surge-predicted-to-soar-by-over-56-to-0-00003267/): While Shiba Inu, the world’s second-largest dog-themed altcoin by market capitalization, is down by over 6% on the day, it is predicted to surge by over 56% and reach $0.00003267 by mid-June, according to the latest forecast from a unique, non-custodial instant cryptocurrency exchange. The bullish prediction from Changelly is supported by various technical indicators. Although the market sentiment for Shiba Inu is currently bearish at 38%, the Fear & Greed Index shows a score of 71, indicating a strong greed sentiment among investors. Over the past 30 days, Shiba Inu has experienced 12 green days out of 30, translating - [Role of Blockchain Hinted At In BlackRock CEO's Calls for Global Infrastructure Overhaul](https://news.shib.io/2024/06/17/role-of-blockchain-hinted-at-by-blackrock-ceos-calls-for-global-infrastructure-overhaul/): Larry Fink, CEO of BlackRock, the world’s largest asset manager, emphasized the urgent need for global infrastructure investment in a recent speech, hinting at the potential of blockchain technology and tokenization to unlock trillions in private capital. Speaking at the Partnership for Global Infrastructure, Fink warned, “All of us are staring down a growth dilemma,” highlighting the challenges posed by escalating debt-to-GDP ratios and declining working-age populations, particularly among G7 nations. He argued that traditional funding mechanisms may be insufficient to address the estimated $75 trillion needed for infrastructure projects by 2040. In response, Fink proposed a pragmatic approach, emphasizing - [SEC Chief Of Crypto Enforcement Departs Amid Resignations, Office Closure](https://news.shib.io/2024/06/17/sec-chief-of-crypto-enforcement-departs-amid-resignations-office-closure/): David Hirsch, the U.S. Securities and Exchange Commission (SEC) Chief of the Crypto Asset and Cyber Unit, has announced his departure amid a wave of resignations and the planned closure of the agency’s Salt Lake Regional Office. Hirsch, the head of the Securities and Exchange Commission’s (SEC) Crypto Assets and Cyber Unit, announced his departure from the agency after almost nine years of service. His departure coincides with the recent resignations of two attorneys involved in the Digital Licensing Inc. (DEBT Box) case and the announcement of the SEC’s Salt Lake regional office closure. Hirsch’s expertise spanned several critical areas, - [Crypto Market Prefers Celebrity Meme Coins Over High-FDV Projects, Study Reveals](https://news.shib.io/2024/06/17/crypto-market-prefers-celebrity-meme-coins-over-high-fdv-projects-study-reveals/): Crypto investors are turning their attention to character or celebrity meme tokens, favoring these over projects with high fully diluted value (FDV) and low initial market float, a study has found. “The cryptocurrency market is increasingly favoring attention assets such as celebrity meme tokens, driven by their potential for untapped growth,” crypto exchange Kucoin said in its monthly markets report. The research highlighted the growing preference for meme tokens with “relatively obscure low-market-cap assets.” As per the report, the shift toward meme coins can be attributed to investors’ frustration with projects that have a high FDV and low initial circulating market - [Hundreds of Cryptocurrencies Could Be Delisted in South Korean Shakeup](https://news.shib.io/2024/06/17/hundreds-of-cryptocurrencies-could-be-delisted-in-south-korean-shakeup/): South Korea’s cryptocurrency market is bracing for a sweeping regulatory crackdown. Starting next month, approximately 600 virtual assets will undergo rigorous evaluation against new standards, local media reported.  Those failing to comply face potential delisting. The move comes as South Korea aims to enhance market integrity and tighten oversight. The new regulations focus on three critical aspects: issuer reliability, security measures, and legal compliance. Exchanges must assess the reliability of issuing entities, examine information disclosure practices, and verify the circulation of the cryptocurrency. Authorities will evaluate technology security levels, ensuring that cryptocurrencies have no history of hacking incidents, and require - [ASX Approves Its First Spot Bitcoin ETF: A Milestone for Australian Crypto Investors](https://news.shib.io/2024/06/17/asx-approves-first-spot-bitcoin-etf-a-new-milestone-for-australian-crypto-investors/): Australia’s largest stock exchange, the Australian Securities Exchange (ASX), has taken a leap by approving its first spot Bitcoin ETF. The approval paves the way for the VanEck Bitcoin ETF (VBTC) to commence trading on Thursday, marking a pivotal moment for Australian investors seeking regulated Bitcoin exposure. The approval follows VanEck’s recent success in the United States, where the firm was authorized to launch the VanEck Bitcoin Trust (HODL) earlier this year. VanEck’s decision to bring a Bitcoin ETF to the ASX is in response to the growing demand for cryptocurrency investments in Australia, which has been mirrored globally. Arian - [Massive Price Rally Ahead? Shiba Inu Burn Rate Explodes 800%, Techincal Indicator Flashes 'Buy' Signal](https://news.shib.io/2024/06/17/massive-price-rally-ahead-shiba-inu-burn-rate-explodes-800-techincal-indicator-flashes-buy-signal/): A massive price rally might be ahead for Shiba Inu as the token’s burn rate explodes by over 800% and a key technical indicator flashes a buy signal. This unprecedented surge in token destruction, combined with positive technical analysis, is igniting optimism among SHIB holders and sparking speculation of a potential price surge. An on-chain analyst who uses the X handle @ali_charts recently noted Shiba Inu’s chart, which made him say, “Shiba Inu might be primed for a rebound as the TD Sequential indicates a buy signal on the $SHIB daily chart!” This analysis suggested that SHIB may be poised - [Shibarium Adoption Soars: Over 61% Drop in Average Transaction Fee, Triple-Digit Transaction Rate Surge](https://news.shib.io/2024/06/16/shibarium-adoption-soars-over-61-drop-in-average-transaction-fee-triple-digit-transaction-rate-surge/): Shibarium, the layer-2 scaling solution for the Shiba Inu blockchain, is experiencing an unprecedented surge sees substantial spikes in daily transactions, reflecting a significant uptick in activity on the decentralized platform. This surge marks a pivotal moment for the Shiba Inu ecosystem, showcasing growing engagement and adoption.  From June 9 to June 15, Shibarium saw a remarkable 341% increase in new transactions, skyrocketing from 2,990 to 13,191, based on the latest data from the layer-2 scalability solution’s transaction scanner. This impressive uptick underscores the platform’s expanding user base and growing activity within the Shiba Inu ecosystem. Accompanying this substantial increase - [Binance Co-Founder, Like The Shib Army, Seeks Elon Musk's Aid to Combat Cryptocurrency Scams on X](https://news.shib.io/2024/06/16/binance-co-founder-like-the-shib-army-seeks-elon-musks-aid-to-combat-cryptocurrency-scams-on-x/): Binance co-founder Yi He, in a bold move to tackle the rising issue of cryptocurrency scams, has joined with the Shib Army to seek the aid of tech mogul Elon Musk. This move aims to pressure Musk and force his social media platform X to implement stronger measures against fraudulent activities plaguing the crypto space. Yi He has, in a move echoing the complaints of the Shiba Inu community, publicly called out Elon Musk and his social media platform X (formerly Twitter) for its failure to adequately address the rampant issue of cryptocurrency scams. Her appeal, much like the passionate pleas - [LEAKED: Biden Admin to Join Key Congressional Officials for High-Stakes Bitcoin Roundtable](https://news.shib.io/2024/06/16/leaked-biden-administration-to-join-key-congressional-officials-for-high-stakes-bitcoin-roundtable-in-d-c/): Leaked emails reveal that the Biden Administration is set to join key Congressional lawmakers for a high-stakes Bitcoin roundtable in Washington, D.C., a report said. This significant move toward engaging with the cryptocurrency sector signals a potential shift in the U.S. government’s approach to digital currencies, especially as political pressure builds from presumptive Republican presidential nominee Donald Trump. The unprecedented meeting underscores the growing importance and influence of cryptocurrency in both politics and broader U.S. discussions. U.S. Congressman Ro Khanna, a Democrat representing California’s 17th congressional district, is set to host a Bitcoin and blockchain roundtable in Washington D.C. in - [Trump Vows to Unleash Cryptocurrency from Biden's Shackles](https://news.shib.io/2024/06/16/trump-vows-to-unleash-cryptocurrency-from-bidens-shackles/): Presumptive Republican nominee Donald Trump has vowed to end Joe Biden’s war on crypto, promising a future for Bitcoin in the U.S. with Florida at its core. - [T-Mobile Parent Deutsche Telekom MMS Unveils Ambitious Plan for 'Digital Monetary Photosynthesis'; Confirms Mining 'Soon'](https://news.shib.io/2024/06/15/bullish-on-bitcoin-deutsche-telekom-mms-unveils-ambitious-plan-for-digital-monetary-photosynthesis-confirms-bitcoin-mining/): Deutsche Telekom MMS, telecom giant and T-Mobile’s parent company, has unveiled an ambitious plan for “digital monetary photosynthesis,” while confirming Bitcoin mining “soon,” signifying the company’s strategic shift toward blockchain technology and aiming to position itself at the forefront of the digital financial revolution. During the BTC Prague conference, the company’s Web3 lead Dirk Röder took the stage to announce Deutsche Telekom MMS’ ambitious plans. “With a chest full of f*cking pride, I like to let you in on a little secret: We will engage in digital monetary photosynthesis soon.” While the exact details of this innovative concept remain shrouded - [Crypto Revolution: Trump Vows to Unleash Cryptocurrency from Biden's Shackles](https://news.shib.io/2024/06/15/crypto-revolution-trump-vows-to-unleash-cryptocurrency-from-bidens-shackles/): Donald Trump has vowed to unleash cryptocurrency from U.S. President Joe Biden’s shackles, promising to end the Democrat’s war on crypto and secure the future of Bitcoin in America, particularly in Florida. The former president’s declaration aims to transform the United States into a global leader in the digital currency realm. In a recent speech, Trump criticized the current administration’s regulatory stance, which he claims has stifled innovation and driven crypto enterprises abroad. “I will end Joe Biden’s war on crypto, and ensure that the future of crypto and the future of #Bitcoin will be made in America, with a - [The Weekly Meme Digest - June 15, 2024](https://news.shib.io/2024/06/15/the-weekly-meme-digest-5/): Ladies, gentlemen, non-binary royalty, and degens of all shapes and sizes 👑 – welcome to the grand ballroom of crypto satire! 🎉 Where jesters juggle jpegs and laughter is the main course. 🃏 Prepare yourselves for the grand unveiling of The Shib’s Daily’s Weekly Meme Digest, your one-stop shop for all things wacky and wonderful in the wild, wild west of crypto culture. This week’s edition, aptly titled “Meme Mania: The Wild and Wacky World of Crypto Culture,” is a rollercoaster ride you won’t want to miss! 🎢 Forget boring market analysis and yawn-inducing price predictions, we’re diving headfirst into - [Tate vs Azalea Meme Wars: The Epic Battle of $DADDY vs $MOTHER](https://news.shib.io/2024/06/15/tate-vs-azalea-meme-wars-the-epic-battle-of-daddy-vs-mother/): Gather ’round, crypto comrades, for the meme war to end all meme wars! It’s Andrew Tate, the self-proclaimed “Top G,” versus Iggy Azalea, the Fancy rapper turned crypto queen, in a battle for meme supremacy! 🥊 In the latest saga of the Meme Wars, it’s Tate vs. Azalea in a no-holds-barred showdown between DADDY and MOTHER tokens. Who will reign supreme in this digital drama? Let’s dive into the chaos. 🥪🔥 Forget Twitter beefs and celebrity feuds, this is a clash of the crypto titans, where memes are weapons and sarcasm is the armor. 🛡️ Tate, in his infinite wisdom - [HODL the Line! Bitcoin Whales Stockpile BTC in Buying Spree ](https://news.shib.io/2024/06/15/hodl-the-line-bitcoin-whales-stockpile-btc-in-buying-spree/): Hold onto your shrimp cocktail, crypto crustaceans, because the Bitcoin whales are having a feast! 🦞 These underwater behemoths, with their gargantuan appetites for BTC, have been on a buying spree that would make even a hungry hippo jealous. 🦛 In a mere 24 hours on Tuesday that will go down in crypto lore, a whopping 20,600 BTC (that’s enough to buy a small island or two 🏝️) flowed into their massive accumulation addresses. But what’s driving this insatiable appetite for digital doubloons? What does this mean for us minnows swimming in the crypto sea? 🤔 Are we witnessing a - [Love and Crypto: How Not to Lose Your Heart and Your Wallet](https://news.shib.io/2024/06/15/love-and-crypto-how-not-to-lose-your-heart-and-your-wallet/): Love in the digital age is exhilarating. 💕 Swipe right, click like, and suddenly, you’re sharing memes and midnight confessions with someone who seems like your soulmate. But what happens when your online love interest wants to teach you the secrets of cryptocurrency investment? Spoiler alert: it might be less about your financial growth and more about their financial gain. 💔 Swipe Right on Love, Swipe Left on Scams Imagine this: you’ve met someone incredible online. They’re charming, they’re attentive, and they share your obscure love for 90s rom-coms. 🎥 Then, one day, they bring up an amazing investment opportunity - [2024 Meme Coin Phenomenon: Is Polynya Right? Do Meme Coins Today Represent the Dumpster of Crypto?](https://news.shib.io/2024/06/15/2024-meme-coin-phenomenon-is-polynya-right-do-meme-coins-today-represent-the-dumpster-of-crypto/): The merry band of meme coins shows no signs of slowing down. Over 2,000 of these digital goofballs have recently been jostling for attention on CoinMarketCap, raking in a cool $50 billion in market cap. 🤑 That’s enough dough to make even mega banks like JPMorgan and futuristic car wizards like Tesla do a double take. 🏦🏎️ What does pseudonymous analyst Crypto Koryo have to say? Well, their TLDR is that the meme coin craze is spiraling out of control this year. They’re saying it’s not just because of the bull run. They’re looking at those who want to jump - [From Top G to Top Degen? Andrew Tate And His Crypto 180](https://news.shib.io/2024/06/15/from-top-g-to-top-degen-andrew-tate-and-his-crypto-180/): 🎩🚀 Welcome to the crypto circus, where the ringmaster of the hour is none other than Andrew Tate, the kickboxing king turned crypto connoisseur. Last year, Tate was all about the “no coin” life, claiming his golden tongue could turn phrases into crypto fortunes, yet he wouldn’t touch them with a 10-foot blockchain. “I don’t want anyone losing on my account,” he said, as noble as a knight in digital armor. Fast forward to today, and it’s a whole new ball game. Tate’s gone from crypto skeptic to DADDY dearest, shilling his way to the top of the meme coin - [Shiba Inu Barks for Good: British Red Cross Embraces SHIB for Humanitarian Aid](https://news.shib.io/2024/06/14/shiba-inu-barks-for-good-british-red-cross-embraces-shib-for-humanitarian-aid/): The British Red Cross is now accepting Shiba Inu (SHIB), the world’s second-largest dog-themed altcoin by market capitalization, as a form of donation. This move, announced last month, marks a significant step in the organization’s embrace of digital currencies to support its global humanitarian efforts. The British Red Cross Society is the U.K. arm of the worldwide neutral and impartial humanitarian network, the International Red Cross and Red Crescent Movement. Through a partnership with The Giving Block, a platform specializing in cryptocurrency donations for nonprofits, supporters can now contribute SHIB and other cryptocurrencies to the British Red Cross.   The donations - [Binance Star Award Recipient Weighs In On SHIB ETF As Analyst Accelerates ETH ETF Launch](https://news.shib.io/2024/06/14/binance-star-award-recipient-weighs-in-on-shib-etf-as-analyst-accelerates-eth-etf-launch/): As the Ethereum ETF launch timeline speeds up, a Binancian Star Award recipient and crypto expert offers valuable insights into the potential of a Shiba Inu (SHIB) ETF. This comes as the broader cryptocurrency market eagerly awaits a landmark moment for mainstream adoption. Bloomberg Intelligence ETF Analyst Eric Balchunas recently revised his prediction, stating that the first Ethereum ETFs could launch as early as July 2nd. This acceleration is due to positive feedback from the U.S. Securities and Exchange Commission (SEC) on S-1 filings of multiple issuers, aligning with SEC Chair Gary Gensler’s previous comments suggesting summer approvals. In a - [BONE Breaks New Ground: Latest Listing Fuels Visibility and Accessibility](https://news.shib.io/2024/06/14/bone-breaks-new-ground-latest-listing-fuels-visibility-and-accessibility/): BONE breaks new ground as its latest listing on Trive Exchange fuels visibility and accessibility, marking a significant milestone for the Shiba Inu crypto project. Bone Shibaswap (BONE), the governance token on ShibaSwap, Shiba Inu’s decentralized exchange platform (DEX) and the official gas fee of the ecosystem’s layer-2 scalability solution Shibarium, has been listed by Trive Exchange, a crypto exchange platform in Indonesia. This latest milestone underscored the growing demand and recognition for BONE within the rapidly expanding crypto market. This announcement, made on X (formerly Twitter) by Trive Exchange, underscored the growing demand and recognition for BONE within the - [Ethereum Sees Massive Holder Accumulation Amid ETF Speculation](https://news.shib.io/2024/06/14/ethereum-sees-massive-holder-accumulation-amid-etf-speculation/): Ethereum has experienced a notable surge in demand from long-term holders. On June 12, Ethereum recorded its second-largest buying day ever, with permanent holders accumulating a staggering 298,000 ETH, valued at over $1 billion. This unprecedented activity marks a pivotal moment for the cryptocurrency industry, as it navigates through fluctuating market dynamics and looming regulatory changes. Julio Moreno, Head of Research at CryptoQuant, shared these insights on X (formerly Twitter), highlighting that this surge in accumulation is second only to the record set on September 11, 2023, when 317,000 ETH, worth approximately $1.1 billion, was purchased by long-term holders. This - [Terra LUNA’s Legacy: Terraform Labs Dissolves, Hands Blockchain Reins to Community](https://news.shib.io/2024/06/14/terra-lunas-legacy-terraform-labs-dissolves-hands-blockchain-reins-to-community/): In a pivotal move signaling the end of an era, Terraform Labs, the developer behind the Terra (LUNA) blockchain, has announced its intention to dissolve its operations. This decision comes on the heels of a staggering $4.47 billion settlement with the SEC, a consequence of the dramatic collapse of the UST algorithmic stablecoin in 2022. Chris Amani, CEO of Terraform Labs, revealed the company’s plans to transition control to the community, effectively decentralizing the management of the Terra and Terra Classic blockchains. “TFL always intended to dissolve at some point, and that point is now,” Amani posted on X. “We - [Woof! Shiba Inu Makes History: First-Ever Web3 Food Delivery Paid Entirely with $SHIB](https://news.shib.io/2024/06/13/woof-shiba-inu-makes-history-first-ever-food-delivery-paid-entirely-with-shib/): Shiba Inu (SHIB), the world’s second-largest dog-themed altcoin by market capitalization, in a groundbreaking moment has been used to successfully pay for a web3 food delivery order through DevourGO. This marks the first time a meme coin has been used to complete an entire transaction on a major Web3 food ordering and delivery marketplace, signaling a growing acceptance of digital assets in mainstream commerce. DevourGO, a web3 food ordering and delivery marketplace known for its tech-forward approach to food delivery, announced its acceptance of SHIB in a tweet that quickly caught the attention of the crypto community. The tweet featured - [SEC Chair Gensler Signals ETH ETF S-1 Approval 'Over The Course Of This Summer'](https://news.shib.io/2024/06/13/sec-chair-gensler-signals-eth-etf-s-1-approval-over-the-course-of-this-summer/): Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC) has confirmed that Ethereum ETF ( ETH ETF) S-1 filings will approved this summer during his testimony at a Senate Appropriations Committee hearing. The anticipation of these approvals has sparked discussions within the cryptocurrency community, with many expressing optimism about Ethereum’s market value and institutional investment. When the SEC approved the spot Ether exchange-traded funds (ETFs) to be listed last May 23, industry leaders forecast that trading of the new investment vehicle could start sometime in July or August or before November, but the statement from SEC’s Gensler - [MicroStrategy's Bitcoin Buying Spree Continues: Will It Ever Stop?](https://news.shib.io/2024/06/13/microstrategys-bitcoin-buying-spree-continues-will-it-ever-stop/): MicroStrategy has announced plans on Thursday to raise $500 million to purchase more Bitcoin (BTC). This move is part of the company’s strategy to accumulate more of the cryptocurrency, which has seen significant volatility in recent times. After two smaller acquisitions in March and April, the company currently holds 214,400 BTC, valued at approximately $14.5 billion at current market prices, with an average purchase price of $35,158 per Bitcoin. The latest announcement comes as a surprise to many, given the current market conditions. However, MicroStrategy’s CEO Michael Saylor is known for his bullish stance on Bitcoin. The company, along with other institutional - [Tate Slams Critics As DADDY Flips MOTHER Following Triple-Digit Surge](https://news.shib.io/2024/06/13/tate-slams-critics-as-daddy-flips-mother-following-triple-digit-surge/): Andrew Tate, a former kickboxer and controversial social media personality, slammed critics as DADDY flipped MOTHER following a triple-digit surge. The Tate-promoted meme coin has surged by 450% in the past 24 hours, overtaking Iggy Azalea’s MOTHER token and sparking allegations of insider trading amid its meteoric rise. Since its launch over the weekend, the Solana-based DADDY token has steadily climbed in value. However, it wasn’t until Tate started promoting the project that it saw a significant surge.  In response to the accusations, Tate took to Twitter to address the “old dorks of crypto twitter,” accusing them of spreading fear, - [Get Ready for a Boom: Crypto and AI Set to Unleash $20 Trillion Growth by 2030, Says Report](https://news.shib.io/2024/06/13/get-ready-for-a-boom-crypto-and-ai-set-to-unleash-20-trillion-growth-by-2030-says-bitwise-report/): Bitwise Asset Management, a leading investor in Bitcoin exchange-traded funds (ETFs), forecasts a staggering $20 trillion boost to global GDP by 2030, fueled by the combined forces of artificial intelligence (AI) and cryptocurrency industries. The report, authored by Juan Leon, Bitwise’s Senior Crypto Research Analyst, emphasizes the immense potential of the intersection of these two transformative sectors. “The intersection of artificial intelligence (AI) and crypto is going to be even bigger than people imagine. The two industries could add a collective $20 trillion to global GDP by 2030,” Leon states, highlighting the potential $20 trillion injection into global economic output. - [Bitcoin Bullish Momentum Persists Despite Market Volatility, $100K Target in Sight](https://news.shib.io/2024/06/13/bitcoin-bullish-momentum-persists-despite-market-volatility-100k-target-in-sight/): The bullish momentum of Bitcoin continues to build, with an expert predicting a surge towards $100,000 by the year’s end, despite recent market volatility. Strong institutional demand, global adoption, and favorable economic conditions fuel this optimistic outlook, suggesting Bitcoin’s upward trajectory remains firmly on track. The king of crypto and the pioneering crypto asset dipped below the $68,000 threshold on Wednesday and Thursday, following the Federal Reserve’s announcement to hold interest rates steady while signaling expectations of only one rate cut this year. As of Thursday, Bitcoin was trading in the red zone at $67,680.90, showing a 3.45% dip in - [Fortune 500 Embraces Blockchain: Coinbase Survey Shows Growing On-chain Interest](https://news.shib.io/2024/06/13/fortune-500-embraces-blockchain-coinbase-survey-shows-growing-on-chain-interest/): In a sign of accelerating institutional interest in blockchain technology, a new survey by cryptocurrency exchange Coinbase reveals a significant rise in on-chain project exploration among Fortune 500 companies. The survey, released Wednesday, found that 56% of executives at these leading U.S. corporations report that their companies are currently working on blockchain technology projects. This marks a substantial increase in adoption, with on-chain initiatives announced by Fortune 100 companies spiking 39% year-over-year and reaching a record high in the first quarter of 2024. “America’s top public companies are busier on-chain than ever before,” stated the Coinbase report, titled “The State - [Shiba Inu Shines Amid Memecoin Mania: Crypto Research Founder Explains the Phenomenon](https://news.shib.io/2024/06/13/shiba-inu-shines-amid-memecoin-mania-crypto-research-founder-explains-the-phenomenon/): Shiba Inu emerges as a shining star, amid the frenzy of the meme coin craze, captivating the attention of crypto enthusiasts and investors alike. Crypto Research founder Will Clemente delved into the factors driving the meme coin phenomenon, shedding light on why these tokens have captured the imagination of traders and investors alike. In a recent interview with Bitcoin advocate Anthony Pompliano, Clemente shared his insights into the meme coin phenomenon. He highlighted a key paradox: while many altcoins boast strong fundamentals, their complex value propositions often deter traders. “The average retail participant has a much higher probability of 10 - [Biden Campaign Reportedly Eyes Crypto Donations in Strategic Move to Court Crypto Enthusiasts](https://news.shib.io/2024/06/12/biden-campaign-eyes-crypto-donations-in-strategic-move-to-court-crypto-enthusiasts/): U.S. President Joe Biden’s campaign is reportedly planning to accept cryptocurrency donations, signaling a groundbreaking shift in political fundraising. This announcement follows closely on the heels of his rival, presumptive 2024 Republican nominee Donald Trump, who recently declared his intention for all remaining Bitcoin to be mined in the United States. Biden’s team is in discussions with cryptocurrency industry players to enable donations through Coinbase Commerce, a platform that facilitates merchant acceptance of various cryptocurrencies, The Block, reported. This move follows Trump’s campaign, which has already begun accepting digital currency contributions, including Shiba Inu, through the same service. The development - [MoonPay Expands Partnership with PayPal, Bringing Crypto Purchases to EU and UK](https://news.shib.io/2024/06/12/moonpay-expands-partnership-with-paypal-bringing-crypto-purchases-to-eu-and-uk/): MoonPay, a leading fiat-to-crypto payment infrastructure company, announced today the expansion of its successful partnership with PayPal to include users in 24 European Union member states and the United Kingdom. This follows a well-received launch in the U.S. last month, demonstrating a strong demand for seamless crypto purchases using trusted payment methods. The integration allows MoonPay users to leverage their existing PayPal accounts to buy over 100 cryptocurrencies, including popular choices like Bitcoin, Ethereum, and Shiba Inu (SHIB). This simplifies the process by eliminating the need for manual entry of payment details and offering users the flexibility to fund their - [100 Billion Liquidated in Major Crypto Market Selloff Amid Macroeconomic Concerns](https://news.shib.io/2024/06/12/100-billion-liquidated-in-major-crypto-market-selloff-amid-macroeconomic-concerns/): In a swift turn of events, the cryptocurrency market experienced a significant selloff this week, resulting in over $100 billion in asset liquidation. The market’s total capitalization plummeted from $2.55 trillion earlier in the week to $2.43 trillion today. This sharp decline was primarily triggered by Bitcoin losing its upward momentum, inciting panic selling among investors bracing for a heavy macroeconomic week ahead. Bitcoin’s price dropped by 4% over the past 24 hours, sinking from a 24-hour high of $70,195 to a low of $67,325, reflecting low buying interest in both spot and derivatives markets. As of the time of - [Shiba Inu Outperforms Other Tokens in Trading Frenzy, Rides on 500% Price Surge](https://news.shib.io/2024/06/12/shiba-inu-outperforms-other-tokens-in-trading-frenzy-rides-on-500-price-surge/): Shiba Inu has unleashed a ferocious rally, surging past its meme coin rivals in 24-hour trading volume and riding high on an astounding 500% price increase in recent months. This unexpected surge has thrust Shiba Inu into the spotlight, proving its resilience and potential for significant growth in the dynamic cryptocurrency market. The world’s second-largest dog-themed altcoin by market capitalization experienced a trading frenzy, surpassing other meme coins like Notcoin, Floki, and Bonk in 24-hour trading volume. A recent tweet from the cryptocurrency tracker Coinpedia Markets confirmed this remarkable feat, ranking Shiba Inu among the top 15 cryptocurrencies with a - [Shib's All Fired Up!](https://news.shib.io/2024/06/12/shibs-all-fired-up/): Read the latest edition of The Shib magazine here. - [Anonymous User Burns 225M SHIB, Burn Rate Surges 2,834%](https://news.shib.io/2024/06/12/anonymous-user-burns-225m-shib-burn-rate-surges-2834/): An anonymous user has burned 225,637,580 (225.64 million) SHIB tokens, worth approximately $4,964, in a single transaction. The transaction was recorded Tuesday at 17:25 UTC. The burn pushed Shiba Inu’s daily token destruction to an impressive total of 232.22 million SHIB, causing a 2,834% spike in the burn rate. The burn event is the biggest single burn recorded in the past 24 hours and highlights the growing commitment within the Shiba Inu community to reduce the circulating supply of SHIB. Burning tokens involves sending them to a dead wallet, effectively removing them from circulation, to boost the token’s value by - [Forbes Writer Crowns Shiba Inu as the Meme Coin with Real Bite](https://news.shib.io/2024/06/12/forbes-writer-crowns-shiba-inu-as-the-meme-coin-with-real-bite/): Shiba Inu, the world’s second-largest meme coin by market capitalization, has received unexpected praise and recognition from no less than Forbes, the premier global business publication. The article is an indicator of how the world of business is keenly watching Shiba Inu’s growth and have assessed it strengths as going beyond the prevalent stereotypical views of meme coins. Forbes contributor and technology influencer Sandy Carter on Tuesday lavished praise on SHIB in her article entitled “Laughing At Meme Coins Like Iggy Azalea’s Mother? Joke Might Be On You,” highlighting the project’s impressive technological advancements and growing significance in the crypto - [Zimbabwe Seeks Public Comments on Crypto Regulations Amid Financial Reforms](https://news.shib.io/2024/06/12/zimbabwe-seeks-public-comments-on-crypto-regulations-amid-financial-reforms/): Zimbabwe is making a significant move toward embracing the digital asset sector by calling for public comments to shape new cryptocurrency regulations. This initiative, reported by Bloomberg and corroborated by local media, marks a pivotal step in the country’s ongoing efforts to integrate innovative financial solutions into its economy. The Zimbabwean government is reaching out to both domestic and international cryptocurrency service providers, along with the general public, to gather comprehensive insights. The focus is on developing a regulatory framework that promotes innovation while ensuring security and compliance. A committee has been established to facilitate this dialogue, with a deadline - [Shiba Inu Price Explosion Imminent? Crypto Analyst Predicts 'Full Bull' Run After Summer Lull](https://news.shib.io/2024/06/12/shiba-inu-price-explosion-imminent-crypto-analyst-predicts-full-bull-run-after-summer-lull/): Shiba Inu, the world’s second-largest meme coin by market capitalization, is reportedly poised for a significant surge in value, according to a bullish prediction by a crypto advisor. The forecast has ignited excitement among the Shiba Inu community, sparking discussions about the potential for a “full bull run” in the near future. In a recent post, shared on Twitter (now rebranded as X), the self-proclaimed “crypto advisor” who uses the handle @Coachkcrypto, drew parallels between SHIB’s current market behavior and its past performance. They noted that after an initial surge following its July 2020 launch, SHIB experienced a period of - [ShibaSwap Levels Up: Empowers Users With Enhanced Analytics](https://news.shib.io/2024/06/11/shibaswap-levels-up-empowers-users-with-enhanced-analytics/): ShibaSwap, the popular decentralized exchange (DEX) of the Shiba Inu crypto project, just achieved a significant milestone with DEXTools integration. This powerful addition to the myriad of features of the DEX empowers ShibaSwap users with access to advanced decentralized finance (DeFi) analytics, marking a major step forward. With DEXTools supporting ShibaSwap, it is now empowered to offer its users a comprehensive suite of tools and analytics. This new collaboration elevates ShibaSwap’s capabilities, providing deeper insights into liquidity pools, trading volumes, and price movements. Users can now access real-time data and sophisticated charts, enhancing their ability to make informed trading decisions. - [Shiba Inu ETF Petition Reaches Milestone 10,000 Signatures](https://news.shib.io/2024/06/11/shiba-inu-etf-petition-gains-10000-signatures-indicating-strong-demand/): The Shiba Inu community, commonly known as the SHIB Army, is buzzing with anticipation as their petition for an exchange-traded fund (ETF) Shiba Inu ETF, crosses a significant milestone: 10,000 signatures. Initiated on Change.org, the petition has gained substantial traction over the past two months, fueled by the SHIB Army’s unwavering commitment. On July 10, the petition will mark its two-month anniversary, directed at Grayscale Investments’ former CEO Michael Sonnenshein. The SHIB Army’s statement, issued on Feb. 25, eloquently implores Grayscale to consider establishing a Shiba Inu ETF. The community recognizes Grayscale’s pivotal role in introducing Bitcoin and Ethereum ETFs - [EXCLUSIVE: Kusama 'Excited' for 'DeFi Dominance' as K9 Finance Lands a One-Two Punch: WEEX Listing, Shibarium Integration](https://news.shib.io/2024/06/10/exclusive-kusama-excited-for-defi-dominance-as-k9-finance-lands-a-one-two-punch-weex-listing-shibarium-integration/): Shytoshi Kusama, the pseudonymous lead developer behind the Shiba Inu crypto project, expressed his excitement for the project’s growing “DeFi dominance” as K9 Finance, a key partner and major player in the Shiba Inu ecosystem, lands a powerful one-two punch. The official liquid staking derivative (LSD) platform on Shibarium, has secured a listing for its $KNINE token on the Singapore-based WEEX exchange while simultaneously announcing the CEX’s groundbreaking integration with the SHIB’s layer-2 network. The official X (formerly Twitter) account of K9 Finance DAO announced on Monday a significant double victory for the Shiba Inu ecosystem. This strategic move not - [CME Group's Reported Plans for Spot BTC Trading Shows TradFi's Growing Acceptance of Digital Assets](https://news.shib.io/2024/06/10/cme-groups-reported-plans-for-spot-btc-trading-shows-tradfis-growing-acceptance-of-digital-assets/): The CME Group’s reported plans to launch Bitcoin trading will enhance the recognition of BTC and the broader digital assets market within traditional finance and attract a broader range of investors, analysts have said. The group’s plans, first reported by the Financial Times last month, are yet to be confirmed. The FT said the plan was to launch a Bitcoin trading platform through the group’s Swiss-based EBS currency trading venue. Matteo Greco, a research analyst at the publicly listed digital asset and fintech investment business Fineqia International (CSE:FNQ), told The Shib Daily that spot BTC trading on the CME would - [Bitcoin ETFs Now Hold Over $70 Billion in BTC: A Sign of Imminent Supply Crunch](https://news.shib.io/2024/06/10/bitcoin-etfs-now-hold-over-70-billion-in-btc-a-sign-of-imminent-supply-crunch/): Bitcoin is seeing unprecedented demand from ETFs, which now hold over $70 billion worth of Bitcoin, amounting to 5% of the total Bitcoin supply. This remarkable accumulation has sparked discussions about a looming supply crunch and the potential long-term implications for Bitcoin’s price and adoption. On June 9, it was reported that spot Bitcoin ETFs purchased 25,700 BTC in a single week, dwarfing the 2,250 BTC produced by miners. This trend highlights a growing imbalance between Bitcoin’s supply and demand, with ETFs demonstrating substantial interest from traditional investors. Daniel, a prominent X user, elaborated on the situation for The Shib - [Indiana Man Pleads Guilty to $37M Crypto Theft](https://news.shib.io/2024/10/02/indiana-man-pleads-guilty-to-37m-crypto-theft/): Evan Frederick Light, a 21-year-old from Lebanon, Indiana, has pleaded guilty to cyber intrusion and crypto theft worth over $37 million from nearly 600 victims. Light appeared before U.S. Magistrate Judge Veronica Duffy on Monday, where he admitted to charges of conspiracy to commit wire fraud and conspiracy to launder monetary instruments, according to a statement from the U.S. Attorney’s Office for the District of South Dakota. The court documents said that Light was involved in a cyber intrusion in February 2022, targeting an investment holdings company in Sioux Falls, South Dakota. During the cyber intrusion, he accessed the personal - ['Green Vertical Candles' Incoming As Shiba Inu Price Correction Is Over: Crypto Analyst](https://news.shib.io/2024/10/02/shiba-inu-green-vertical-candles-incoming-as-shib-price-correction-is-over-crypto-analyst/): A sense of anticipation hangs in the air for Shiba Inu hodlers, as a crypto analyst predicts the end of a recent price correction and the imminent arrival of a powerful upward surge, signaled by the appearance of “green vertical candles” on price charts. Crypto Sheriff, known for their insightful technical analysis and bold predictions, took to X (formerly Twitter) on Wednesday, declaring, “The #SHIB chart touched the box I expected and the price correction is over! It’s time for new green vertical candles!” Their proclamation, accompanied by a chart highlighting a key support zone, ignited a wave of optimism - [Shiba Inu Turns Up the Heat: Incinerated Billions of Tokens in September](https://news.shib.io/2024/10/02/shiba-inu-turns-up-the-heat-incinerated-billions-of-tokens-in-september/): Shiba Inu, the meme coin known for its playful canine mascot and fervent community, is making a strategic move to fuel its price ascent: burning tokens.  Throughout September, the project committed nearly 2.4 billion SHIB tokens to the digital incinerator, a move designed to reduce circulating supply and potentially boost the token’s value. This latest burn totaled 2,378,422,108 SHIB across 131 transactions, representing a significant escalation in the project’s deflationary efforts.  In the past seven days alone, over 2 billion SHIB tokens were removed from circulation – a staggering 7650.63% increase in burn rate. The rationale behind this strategy was - [XRP ETF Next? Bitwise Filing Could Be An 'ETF Wrapper'](https://news.shib.io/2024/10/02/xrp-etf-next-bitwise-filing-could-be-an-etf-wrapper/): A tremor has rippled through the cryptocurrency world, emanating not from a sudden price swing, but from a strategic filing in the heart of traditional finance. Bitwise, the asset management firm known for its measured approach to crypto investments, has set its sights on an XRP ETF, sending a clear signal that the lines between Wall Street and the Wild West of crypto are blurring faster than ever. The news broke with the quiet hum of a Delaware filing, revealing Bitwise’s registration of a trust entity specifically designed for an XRP ETF. While the market’s initial reaction was muted, the - [The Shib Crypto Recap: Tuesday](https://news.shib.io/2024/10/01/the-shib-crypto-recap-tuesday-2/): The cryptocurrency space is currently experiencing significant regulatory changes and market dynamics, notably Japan’s new regulations that could shape global standards and South Korean exchange Bithumb’s upcoming listing on Nasdaq, enhancing corporate legitimacy. However, the sector faces challenges as evidenced by a $650K trading scam. On a brighter note, legislative progress on crypto taxation suggests a move towards a more organized market, alongside Shiba Inu’s positive momentum as many holders see profits, potentially boosting confidence in the token. Japan’s FSA Eyes Crypto Tax Reform as South Korea’s Bithumb Sets Sights on Nasdaq Listing Japan’s Financial Services Agency (FSA) is poised - [Is Michael Dell Selling His Stock to Invest in Bitcoin?](https://news.shib.io/2024/10/01/is-michael-dell-selling-his-stock-to-invest-in-bitcoin/): Michael Dell, founder and CEO of Dell Technologies, has sold 10 million shares of his company, valued at approximately $1.22 billion, according to a filing yesterday with the U.S. Securities and Exchange Commission (SEC). However, this sale follows a previous transaction earlier in the month, where Dell sold another 10 million shares worth around $1.17 billion between September 19 and September 23. Following these two transactions, Dell retains over 16.91 million shares, with a market value exceeding $2 billion. According to Google Finance, Dell Technologies’ stock price has increased significantly in 2023, with shares up 58.5% year-to-date. The company rejoined - [Japan FSA Reviews Crypto Regulations and Tax Cuts](https://news.shib.io/2024/10/01/japan-fsa-reviews-crypto-regulations-and-tax-cuts/): The Financial Services Agency (FSA) of Japan is set to reassess its cryptocurrency regulations, potentially reducing taxes on crypto gains and reclassifying digital assets.  Bloomberg News reported that the agency’s review will continue through winter. It will examine whether the Payments Act framework remains suitable given cryptocurrencies’ evolving role. According to the report, the FSA is considering shifting digital assets under the Financial Instruments and Exchange Act, which could result in stricter investment rules. The move may also reduce the current tax rate on crypto gains, which can reach as high as 55%. If the assets are reclassified, they could - [South Korea's Bithumb Announces Plans for Nasdaq Listing](https://news.shib.io/2024/10/01/south-koreas-bithumb-announces-plans-for-nasdaq-listing/): Bithumb, South Korea’s second-largest cryptocurrency exchange, revealed its intention to explore listing on the U.S. Nasdaq during a shareholders’ meeting yesterday. The company plans to pursue an initial public offering (IPO) in the second half of 2025, with Samsung Securities acting as the primary underwriter. According to its management, the move to target the U.S. market is aimed at expanding its global reach. “The goal is to strengthen Bithumb’s market position globally, and Nasdaq offers an ideal platform,” a company representative stated. Bithumb had previously considered a listing on South Korea’s KOSDAQ market in 2020, but halted those plans due - [Metaplanet Expands Bitcoin Holdings with $7 Million Buy](https://news.shib.io/2024/10/01/metaplanet-expands-bitcoin-holdings-with-7-million-buy/): Japanese investment firm Metaplanet announced Tuesday its acquisition of an additional 107.9 Bitcoin, valued at 1 billion yen ($7 million). This latest purchase propels the company′s total Bitcoin holdings to 506.7, worth approximately 4.75 billion yen((33.2 million), as it kicks off the fourth quarter with a strong crypto commitment. The company took to X to make the announcement.  *Metaplanet purchases additional 107.91 $BTC* pic.twitter.com/pPrRBGrJsC — Metaplanet Inc. (@Metaplanet_JP) October 1, 2024 Metaplanet, often dubbed “Asia’s MicroStrategy,” has been aggressively expanding its Bitcoin portfolio. This is part of a strategic approach to bolster its treasury reserves. This investment strategy mirrors that - [Donald Trump’s World Liberty Financial Opens Whitelists; New Era of DeFi?](https://news.shib.io/2024/10/01/donald-trumps-world-liberty-financial-opens-whitelists-new-era-of-defi/): World Liberty Financial, the DeFi platform backed by Republican presidential candidate Donald Trump, announced on Monday the opening of its whitelists.   The World Liberty Financial whitelist is limited to accredited investors in the United States, as defined by the SEC. These are individuals who meet specific financial criteria, such as having a net worth of at least $1 million or an annual income of $200,000 or more. Only those who qualify under these guidelines are eligible to be included on the whitelist, but the company remains committed to including everyday Americans as part of its “broader mission for financial - [Memecoins Surge as Bitcoin Rally Sparks Double-Digit Gains](https://news.shib.io/2024/10/01/memecoins-surge-as-bitcoin-rally-sparks-double-digit-gains/): Memecoins, once dismissed as a cryptocurrency sideshow, are stealing the spotlight following Bitcoin’s recent rally, with many posting double-digit gains over the past 30 days. This resurgence has investors asking: Is it time for another memecoin season? Analytics platform IntoTheBlock noted this development. Previously, a well-known crypto influencer Zach Humphries noted that Shiba Inu (SHIB) could see a major upswing over the next year. In a recent YouTube video, Humphries expressed confidence in SHIB’s long-term potential despite recent market volatility. While he said SHIB might not repeat its past explosive growth, he predicted the token could still experience substantial gains. - [Crypto Tax Payments are the Present and Future - Ohio Bill](https://news.shib.io/2024/10/01/crypto-tax-payments-are-the-present-and-future-ohio-bill/): Ohio State Senator Niraj Antani (R-Miamisburg) introduced a bill on Monday that would require the state and all local political subdivisions to accept cryptocurrency as a form of payment for taxes and fees. This initiative for crypto tax payments aims to position Ohio at the forefront of the 21st-century economy by normalizing the use of digital currencies such as Bitcoin. The Senator made the announcement on X. TODAY: I introduced a bill the legalize the use of cryptocurrency to pay state and local taxes and fees. Cryptocurrency is not just the future — it’s the present. I’m proud to be the - [Trading Scam Wipes Out Over $650K from X Users](https://news.shib.io/2024/10/01/swindler-takes-over-650k-from-x-users-in-elaborate-trading-scam/): An individual known as @ape_31 on the social media platform X has allegedly swindled more than $650,000 from over 250 users within the past year.  Blockchain investigator ZachXBT posted about this brazen and sophisticated operation on X Monday.  The scammer’s modus operandi involved posting fake profit and loss (PNL) screenshots from a Bybit demo account and leveraging a news account to lure victims into paid services before blocking them once payment was received.  1/ The UK scammer @ape_31 @60711 has stolen more than $650K from 250+ X users in the past year by posting fake PNL screenshots from a Bybit - [Shiba Inu Gears Up At Potential Uptober Momentum, Over 55% Holders 'In The Money'](https://news.shib.io/2024/10/01/shiba-inu-gears-up-at-potential-uptober-momentum-as-over-55-of-holders-are-in-the-money/): Shiba Inu (SHIB) is flashing bullish signals as October approaches, sparking excitement among traders and investors. With over 55% of SHIB holders currently “in the money,” meaning their holdings are profitable at the current price, the popular dog-themed altcoin appears poised for a potential “Uptober” surge.  Elliott Wave and Fibonacci Point to Higher Shiba Inu Highs A SHIB/USDT chart on Binance shared by crypto analyst BigMike7335 (@Michael_EWpro on X), which incorporated Elliott Wave analysis and Fibonacci retracement levels. The Elliott Wave theory, a form of technical analysis that identifies recurring patterns in price movements, suggested that SHIB was nearing the - [The Shib Crypto Recap: Monday](https://news.shib.io/2024/09/30/the-shib-crypto-recap-monday/): The crypto space is buzzing today with developments dominated by the repercussions of the FTX collapse that continue to ripple through the industry. In addition to this ongoing fallout, the crypto community is grappling with the aftermath of a recent major phishing attack. Meanwhile, Russia is emerging as a formidable player in crypto mining, surpassing the U.S. in output. Rising institutional interest in Taiwan surrounding foreign crypto exchange-traded funds (ETFs) adds another layer of intrigue, while the advent of AI technologies is being spotlighted as a crucial ally in defending against emerging threats within its own realm. FTX’s Future Unfolds: - [Buterin Proposes Standards for Ethereum Alignment](https://news.shib.io/2024/09/30/buterin-proposes-standards-for-ethereum-alignment/): Ethereum co-founder Vitalik Buterin has proposed developing metrics to measure how aligned various projects are with Ethereum’s values. In a blog post last Friday, Buterin stated that achieving “Ethereum alignment” is one of the most important social challenges within the ecosystem. He explained that the wide range of developers, researchers, and local communities all have different visions, and the challenge is to ensure they contribute to “one Ethereum ecosystem, and not 138 incompatible fiefdoms.” Openness and Interoperability as Key Metrics for Ethereum Alignment Buterin suggested that a project’s degree of openness can serve as a key metric for alignment. He - [Fake Wallet App Steals Over $70,000 in Cryptocurrency Before Google Removes It](https://news.shib.io/2024/09/30/fake-wallet-app-steals-over-70000-in-cryptocurrency-before-google-removes-it/): A fake wallet app posing as WalletConnect swindled more than $70,000 worth of cryptocurrency from unsuspecting users over the course of four months. The malicious software, available on the Google Play Store, tricked users into authorizing fraudulent transactions before its removal. The fake app amassed over 10,000 downloads, with approximately 150 individuals falling victim to the phishing attack. By mimicking WalletConnect, a popular open-source protocol connecting decentralized apps to mobile wallets, the malware exploited users’ trust in the established brand. Cybersecurity experts warn that this incident highlights the growing sophistication of cybercriminals targeting cryptocurrency holders.  App Scams and the Importance - [Santiment Warns Bitcoin ATH Unlikely if Market Sentiment Remains High](https://news.shib.io/2024/09/30/santiment-warns-bitcoin-ath-unlikely-if-market-sentiment-remains-high/): Bitcoin is unlikely to reach a new all-time high in the near future due to current market sentiment, according to onchain analytics platform Santiment. Santiment reported today that expectations for a new Bitcoin peak may be premature, stating that “markets historically always move in the opposite direction of the crowd’s expectations.” The platform noted that for every bearish post, there were 1.8 bullish ones, suggesting that the market may be overly optimistic at this time. 📊 If you're awaiting Bitcoin's new all-time high, it may need to wait until the crowd slows down their own expectations. There are currently 1.8 - [FTX Bankruptcy: Hearing Set for October 2024; Smaller Creditors May See Compensation by Year's End](https://news.shib.io/2024/09/30/ftx-bankruptcy-hearing-set-for-october-2024-smaller-creditors-may-see-compensation-by-years-end/): The latest FTX bankruptcy filing reveals a court hearing scheduled for Oct. 7, 2024 to confirm the company’s reorganization plan. This potentially paves the way for creditors to begin receiving compensation.  Analytics firm Wu Blockchain reported the move on Monday.  Creditors with claims of less than $50,000 may start to see compensation by the end of 2024, according to the filing. However, parties with larger claims might not receive their share until the first or second quarter of 2025, highlighting the complex and lengthy process of unwinding the bankruptcy. FTX Bankruptcy: A Cautionary Tale of Mismanagement and Deception FTX, once - [Taiwan Opens Access to Foreign Crypto ETFs for Professional Investors](https://news.shib.io/2024/09/30/taiwan-opens-access-to-foreign-crypto-etfs-for-professional-investors/): Taiwan’s Financial Supervisory Commission (FSC) has announced that professional investors can now invest in foreign cryptocurrency exchange-traded funds (ETFs).  These investors, including institutional players, high-net-worth individuals, and other high-asset clients, will be allowed to participate through a method known as “re-entrustment.” This process will enable them to access foreign crypto ETFs via Taiwanese securities firms. Crypto ETFs Limited to Professional Investors The decision, reviewed by the Securities Business Association of the Republic of China, restricts access to professional investors. This is based on the high level of risk involved in virtual asset investments, which can exhibit significant price volatility. Taiwan’s - [AI Will Be Key to Countering AI Threats, Says Nvidia CEO](https://news.shib.io/2024/09/30/ai-will-be-key-to-countering-ai-threats-says-nvidia-ceo/): Nvidia CEO Jensen Huang has stated that artificial intelligence (AI) itself is the most effective way to address the harmful uses of AI technology.  Speaking at a Bipartisan Policy Center event last Friday, Huang remarked, “It’s going to take AI to catch the darker side of AI.” He explained that AI’s ability to generate fake data and false information at high speeds necessitates the use of equally advanced AI systems to detect and mitigate these threats. “The reason for that is pretty clear: AI is going to be producing fake data and false information at very high speeds,” Huang said. - [Newsom Vetoes AI Regulation Bill, Citing Concerns for Innovation](https://news.shib.io/2024/09/30/newsom-vetoes-ai-regulation-bill-citing-concerns-for-innovation/): California Governor Gavin Newsom has vetoed SB 1047 today, a bill aimed at regulating large-scale artificial intelligence (AI) models, after facing strong opposition from Silicon Valley.  The legislation, known as the Safe and Secure Innovation for Frontier Artificial Intelligence Models Act, was intended to introduce some of the first state regulations on AI, including mandatory safety testing for large-scale AI models. Newsom expressed concerns that the bill would stifle innovation while failing to address the real risks posed by AI technology. “Instead, the bill applies stringent standards to even the most basic functions — so long as a large system - [Phishing Attack Drains $32M From Crypto Holder](https://news.shib.io/2024/09/30/phishing-attack-drains-32m-from-crypto-holder/): An anonymous individual has reportedly lost 12,083.6 spWETH, valued at over $32 million, in a sophisticated phishing attack.  Web3 data analysis platform Lookonchain reported this on X last Saturday.  According to Arkham, an analytics platform for Ethereum, the compromised wallet may be linked to DiscusFish (also known as @bitfish1 on X). This potential association raises concerns about the vulnerability of even seasoned cryptocurrency users to phishing attacks. Phishing Attacks: A Growing Concern for Crypto Holders Phishing scams have long been a significant risk for crypto holders, often resulting in substantial financial losses. It is a type of cyber fraud where - [Russia Now Outpaces the US in Crypto Mining - BitRiver CEO Igor Runets](https://news.shib.io/2024/09/30/russia-now-outpaces-the-us-in-crypto-mining-bitriver-ceo-igor-runets/): Russia’s growth in the crypto mining sector now outpaces that of the United States, according to Igor Runets, the chief executive of top Russian industrial crypto mining player BitRiver. Runets, whose net worth stands at $230 million, attributes his fortune to President Vladimir Putin’s supportive policies towards crypto mining, noting that this marked a significant shift in the country’s stance on digital currencies. BitRiver focuses primarily on Bitcoin (BTC) mining — and the company is expanding rapidly. It reportedly has plans to bring 1 megawatt (MW) of crypto mining capacity online soon. The success of Igor Runets highlights Russia’s growing - [This Week in Crypto: Markets, Security And Future Tech](https://news.shib.io/2024/09/30/crypto-this-week-markets-security-and-future-tech/): Was this the week Bitcoin broke free from its September curse? Or did regulatory crackdowns and cyberattacks steal the show? Here’s a recap of the crypto stories that mattered. Crypto Market Movers Bitcoin Breaks the September Curse: Bitcoin defied historical trends, surging this September instead of slumping, signaling potential bullish momentum for the rest of the year. BlackRock Roasts Coinbase Potato Servers With 12-Hour Withdrawal Proposal: BlackRock’s demand for faster Bitcoin withdrawals from Coinbase highlighted concerns about exchange stability and custodial practices, sparking debate about centralization and control. BNY Mellon Secures Crypto Custody Services Exemption: BNY Mellon received regulatory approval - [Shiba Inu Weekly Recap: Of Milestones and Meteoric Rises](https://news.shib.io/2024/09/30/shiba-inu-ecosystem-a-week-of-milestones-and-meteoric-rises/): The Shiba Inu ecosystem has just experienced a week of explosive growth and exciting developments, leaving its mark on the crypto world. From soaring prices and bullish predictions to groundbreaking platform enhancements and community giveaways, the Shiba Inu universe has been a whirlwind of activity, capturing the attention of investors and enthusiasts alike. Shibarium’s Ascent Shibarium, Shiba Inu’s layer-2 scaling solution, continued its meteoric rise, achieving a new all-time high in total value locked (TVL). This surge, fueled primarily by the success of K9 Finance’s liquid staking model, underscored the growing confidence in Shibarium’s potential to revolutionize the SHIB ecosystem. - [ShibaSwap, Shib.io Break Down Barriers: Allow BONE, USDC Purchases With VISA and Mastercard](https://news.shib.io/2024/09/29/shibaswap-breaks-down-barriers-allows-bone-usdc-purchases-with-visa-and-mastercard/): ShibaSwap, the decentralized exchange (DEX) at the heart of the Shiba Inu ecosystem, and shib.io, the official website of the crypto project, unveiled a game-changing development: direct token purchases via Visa and Mastercard. This move promises to democratize access to digital assets, tearing down the barriers that have long kept mainstream users at bay. Shiba Inu: A New Era of Crypto Accessibility Imagine a world where acquiring cryptocurrency is as simple as purchasing a book online or ordering a ride-share. This is the vision ShibaSwap is bringing to life. By embracing the ubiquitous payment rails of Visa and Mastercard, Shiba - [China Hints at Crypto Reversal: Is the Ban Lifted Soon?](https://news.shib.io/2024/09/29/china-hints-at-crypto-reversal-is-the-ban-lifted-soon/): China, the land of the Great Firewall and the digital yuan, is sending mixed signals about its relationship with cryptocurrency. While a complete reversal of the nation’s stringent crypto ban remains unlikely in the near term, recent comments by a former finance minister suggest a subtle shift in the official stance, sparking speculation and intrigue within the global crypto community. A Call for Crypto Research From China At the 2024 Tsinghua PBC Chief Economist Forum in Beijing, Zhu Guangyao, former vice minister of the Ministry of Finance, made a noteworthy call for increased research into the development of cryptocurrency. He - [What's Next for CZ? Zhao Champions 'Impact' Over Returns After Incarceration](https://news.shib.io/2024/09/29/whats-next-for-cz-zhao-champions-impact-over-returns-after-incarceration/): Changpeng Zhao (CZ), the once-embattled architect of Binance, emerges from his period of confinement not with a roar, but with the quiet contemplation of a monk descending from a mountain retreat.  His recent pronouncements, delivered via the digital pulpit of X, suggested a man transformed, his priorities seemingly reordered by the solitude of incarceration. The crypto king, it appears, has embarked on a journey of self-discovery, his gaze now fixed on horizons beyond the fluctuating fortunes of digital currencies. CZ’s missive started not with a triumphant declaration of his return, but with a humble appreciation for the gustatory pleasures denied - [The Weekly Meme Digest](https://news.shib.io/2024/09/28/the-weekly-meme-digest-18/): “Hodlers, Memers, and Degens Unite! 🐕🚀” Welcome back to the latest edition of The Shib’s Weekly Meme Digest—your haven of memes, madness, and crypto news served with a healthy side of sarcasm. This isn’t your average yawn-inducing newsletter. Nope, like the fearless Shiba Inu in our logo, we’re your trusty guide in the otherwise chaotic world of crypto, blockchain, web3, and future tech. 🐕💼 We’re here to deliver the stories that actually matter—unfiltered, unpretentious, and unapologetically fun. Why give you the usual boring “news” when we can mix in a few laughs and some meme-worthy commentary? 🤡 We won’t tarnish - [BlackRock Roasts Coinbase Potato Servers With 12-Hour Withdrawal Proposal](https://news.shib.io/2024/09/28/coinbase-12-hour-bitcoin-withdrawals-blackrocks-throws-shade-at-coinbase-potato-servers/): BlackRock, the Wall Street titan testing the crypto waters with its pinky toe, has suddenly decided to cannonball into the deep end with Coinbase. They’ve filed an amendment for their Bitcoin ETF, demanding that Coinbase, the ETF’s custodian, process Bitcoin withdrawals within a brisk 12 hours. Because apparently, in the lightning-fast world of high finance, waiting longer than half a day to access your digital gold is roughly equivalent to sending a carrier pigeon. 🐌 Especially when you’re dealing with Coinbase, an exchange whose servers apparently run on a combination of hamster wheels and hopes and dreams – and those - [BNY Mellon to Hold Your Crypto? Trust Me, Bro! (Said No One Ever)](https://news.shib.io/2024/09/28/bny-mellon-to-hold-your-crypto-trust-me-bro-said-no-one-ever/): Cue dramatic music 🥁 Ladies and gentlemen, boys and girls, hodlers and paper hands alike, prepare to be wowed. BNY Mellon, the financial institution that’s about as exciting as watching paint dry, has just dropped a bombshell: they’re offering crypto custody services! 🤯 Cue gasps of disbelief That’s right, folks. The same BNY Mellon that’s probably as old as your grandma’s favorite rocking chair is now dipping its toes into the wild and wacky world of crypto. It’s like seeing your favorite grandma trying to TikTok dance – unexpected and a little bit cringeworthy. 😂 Because, you know, what could possibly - [Kamala Harris Wants America to Dominate Blockchain—Is She Mining for Votes or Bitcoin?](https://news.shib.io/2024/09/28/kamala-harris-wants-america-to-dominate-blockchain-is-she-mining-for-votes-or-bitcoin/): Hello hello, you beautiful people! What’s cooking? Brace up for yet another fun-filled crypto news! 😄 As the world increasingly turns its attention to blockchain technology and cryptocurrency, Vice President Kamala Harris is positioning herself as a champion for American dominance in this burgeoning field. 🫣 With her recent remarks on the importance of blockchain, it’s hard not to wonder whether she’s genuinely interested in fostering innovation. Or merely trying to capitalize on a political trend that could translate into votes—and perhaps even crypto donations.😯 Well, well, of course, Harris is capitalizing on the fact that the U.S. elections is - [Bitcoin Breaks the September Curse: From Slump to Surge in 2024](https://news.shib.io/2024/09/28/bitcoin-breaks-the-september-curse-from-slump-to-surge-in-2024/): September, historically the “pumpkin spice of pain” for Bitcoin holders, has decided to throw everyone a curveball this year. Instead of the usual slump that makes traders weep into their keyboards, Bitcoin has surged past $65,000 in a dramatic reversal of its dreaded September curse. 😱📈 For those of you new to the Bitcoin rollercoaster, let’s get one thing straight: September is supposed to be Bitcoin’s worst month. From 2010 to 2023, Bitcoin has seen an average drop of 4.48% in September, making it the month when even the most die-hard HODLers hide under their blankets. But, 2024? Oh no, - [From Disgraced CEO to ‘Best Witness’: Ellison’s 2-Year Sentence and Crypto World’s ‘OH REALLY?’ Face](https://news.shib.io/2024/09/28/from-disgraced-ceo-to-best-witness-ellisons-2-year-sentence-and-crypto-worlds-oh-really-face/): Former FTX CEO Caroline Ellison—now known as the “best witness” in courtrooms—just received a two-year vacation in the slammer for her starring role in the collapse of the fallen cryptocurrency exchange. 🚓⛓️‍💥 As you probably know, her job description apparently included misleading investors and practicing a little financial gymnastics with customer cash. 💸 But there is a lot to unpack in this sentencing decision. Let’s start with how a good chunk of the crypto community thinks she got off too easy! 😤 Plus, the judge called the woman of the hour the “best witness.” Hmm… let’s just say they wonder - [Shibarium Meteoric Rise Continues: TVL Surges to New All-Time High](https://news.shib.io/2024/09/28/shibarium-meteoric-rise-continues-tvl-surges-to-new-all-time-high/): Shibarium, the layer-2 scaling solution for the Shiba Inu ecosystem, is experiencing a surge in popularity, attracting a growing wave of users and capital. The total value locked (TVL) in Shibarium, a key metric that reflects the overall health and adoption of a blockchain network, has reached a new all-time high, surpassing the $4 million mark and signaling a thriving ecosystem. In the past 24 hours alone, Shibarium’s TVL has surged by an impressive 15%, reaching $4.05 million, according to data from Defillama. This surge reflected the growing confidence in Shibarium’s potential to enhance the scalability and efficiency of the - [Shiba Inu Outperforms Major Cryptocurrencies, Grayscale Data Reveals](https://news.shib.io/2024/09/28/shiba-inu-claims-dominance-outperforms-major-cryptocurrencies-grayscale-data-reveals/): Shiba Inu once again defies expectations and making headlines. This time, it’s not just the enthusiastic “ShibArmy” celebrating its triumphs, but a leading digital asset management firm, Grayscale Investments, whose data reveals Shiba Inu’s remarkable outperformance of major cryptocurrencies over the past week. Grayscale’s “Crypto Snapshot – Assets” report, dated September 26, 2024, showed a vivid picture of SHIB’s dominance. The report, which tracks the one-week returns of the top 10 crypto assets by market capitalization, placed SHIB at the very top, with a staggering 32.1% surge in value.  Shiba Inu Performance This impressive performance dwarfs the gains of other - [Shiba Inu Soars 50.2% on Robinhood, Leaving Other Crypto in the Dust](https://news.shib.io/2024/09/28/shiba-inu-soars-50-2-on-robinhood-leaving-other-crypto-in-the-dust/): In a week marked by cautious market sentiment and sideways trading for many cryptocurrencies, Shiba Inu has emerged as a beacon of bullish defiance, soaring 50.2% on the popular trading platform Robinhood and leaving other digital assets in the dust.  The dog-themed altcoin, often dismissed by skeptics as a fleeting fad, has captured the attention of investors and analysts alike with its remarkable surge in value, solidifying its position as a force to be reckoned with in the ever-evolving cryptocurrency landscape. Shiba Inu’s recent price action on Robinhood has been nothing short of spectacular. While other cryptocurrencies struggled to find - [Shiba Inu Claims Supremacy: Crypto Education Platform Founder Crowns SHIB 'Bull of the Week'](https://news.shib.io/2024/09/28/shiba-inu-claims-supremacy-crypto-education-platform-founder-crowns-shib-bull-of-the-week/): Shiba Inu, the meme-inspired cryptocurrency that has captured the hearts and wallets of millions, is basking in the spotlight once again. This time, it’s not just the enthusiastic “ShibArmy” singing its praises, but a prominent figure in the crypto education space who has bestowed upon it a prestigious title: “Bull of the Week.” On a Friday X post that reverberated through the cryptosphere, AltCryptoGems, the founder of @AltCryptoTalk and co-founder of @KollectAgency, declared Shiba Inu the undisputed champion of the week’s bullish momentum. AltCryptoGems, a full-time crypto trader with a dedicated following, pointed to two key factors driving Shiba Inu’s - [The Shib Crypto Recap: Friday](https://news.shib.io/2024/09/27/the-shib-crypto-recap-friday/): Today’s conversations in crypto news are largely characterized by key issues such as rising global cybersecurity challenges, a remarkable decline in cryptocurrency market losses, and the increasing acceptance of the crypto sector by conventional financial institutions. Furthermore, progress in regulations governing crypto derivatives trades is making headlines, indicating a shift within the industry. ‘Operation Endgame’ Targets Russian Cybercrime Syndicate Amid Declining Crypto Loss Rates The U.S. has launched “Operation Endgame” to target a major Russian cybercrime syndicate involved in laundering billions through illegal activities like ransomware and credit card fraud. Key figures include Sergey Sergeevich Ivanov, who runs PM2BTC, a - [$45,000 Lost in Poisoning Attack as Scammer Nets 899,900% ROI - Report](https://news.shib.io/2024/09/27/45000-lost-in-poisoning-attack-as-scammer-nets-899900-roi-report/): A cryptocurrency scammer has executed a poisoning attack that resulted in a victim losing $45,000 and a staggering return on investment (ROI) of 899,900% for the scammer. This incident, shared via the @web3_Antivirus X account, showcased how the scammer deceived the victim by sending small transactions to mimic addresses. The scam unfolded when a malicious actor transferred just $5 to a wallet, creating a fake address almost identical to the victim’s legitimate wallet address. The scammer’s address differed only by a few characters, but enough to confuse the victim, leading them to transfer a significantly larger amount — $45,000 USDT - [Vitalik Buterin Proposes Increasing Blob Count for Ethereum Network—Here's Why](https://news.shib.io/2024/09/27/vitalik-buterin-proposes-increasing-blob-count-for-ethereum-network-heres-why/): Vitalik Buterin, co-founder of Ethereum, has proposed increasing the network’s “blob count” following discussions during a recent developer call.  The suggestion is aimed at addressing the growing demand for data storage on the Ethereum blockchain, which has seen its blob space usage reach approximately 75% capacity. Blob space was introduced as part of Ethereum’s Dencun upgrade under Ethereum Improvement Proposal (EIP)-4844, also known as proto-danksharding. The current limit allows for a target of three blobs per block, with a maximum of six blobs. Buterin is pushing for an increase to four blobs per block, with a maximum of eight, to - [Hong Kong to Implement Global Standards for Crypto OTC Derivatives Reporting](https://news.shib.io/2024/09/27/hong-kong-to-implement-global-standards-for-crypto-otc-derivatives-reporting/): Hong Kong’s financial regulators, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC), have announced plans to align their over-the-counter (OTC) derivatives reporting framework — including crypto derivatives — with global standards. This move follows a consultation paper presented in March 2024, with a final implementation deadline set for September 29, 2025. Last week, The Shib Daily reported that the SFC sought opinions from industry participants on a proposed licensing regime for cryptocurrency OTC services.  However, the proposed changes will align Hong Kong’s reporting requirements with those adopted by the European Securities and Markets Authority (ESMA). - [$1.7 Million Drained from Bedrock DeFi UniBTC Pool in Suspected Attack](https://news.shib.io/2024/09/27/1-7-million-drained-from-bedrock-defi-unibtc-pool-in-suspected-attack/): An alert issued today reports that a suspicious transaction involving Bedrock DeFi resulted in the loss of approximately $1.7 million from its UniBTC liquidity pool. The funds were allegedly sent to an address linked to Tornado Cash, a privacy-focused service, raising concerns about a potential hack or exploit. Analytics platform Cyvers reported this move.  The attacker’s address, 0xEE8……980f7, currently holds around 650 ETH, equivalent to the stolen amount. Despite attempts to contact Bedrock DeFi via Telegram, no response has been received at the time of writing. Investigations into the incident are likely underway, although official confirmation from Bedrock DeFi is - [Swan Bitcoin Sues Former Employees Over Mining Operations](https://news.shib.io/2024/09/27/swan-bitcoin-sues-former-employees-over-mining-operations/): Swan Bitcoin has filed a lawsuit against several former employees and competitor Proton Management, accusing them of stealing proprietary software and attempting to take over its Bitcoin mining business.  The case, filed in the U.S. District Court for the Central District of California, names Michael Holmes, former Head of Business Development, and Raphael Zagury, ex-CIO and mining chief at Swan, as the key figures behind the alleged scheme. According to the lawsuit, Holmes and Zagury and several other employees resigned from Swan in early August 2024. Swan alleges that they took confidential software code and customer data before leaving, which - [Crypto Losses Drop 40% in Q3 2024, But Thefts Top $1.33B](https://news.shib.io/2024/09/27/crypto-losses-drop-40-in-q3-2024-but-thefts-top-1-33b/): Crypto losses from hacks and fraud dropped by 40% in Q3 2024 compared to last year. However, year-to-date thefts still total a staggering $1.33 billion.  This data from Immunefi highlights the ongoing threat posed by malicious actors in the crypto space, despite improvements in security measures. As per the report, the third quarter of 2024 saw a notable decline in crypto losses resulting from hacks and fraud, with a 40% decrease compared to Q3 2023. However, the year-to-date figures tell a different story, revealing that a total of 1,333,934,577 has been lost due to hacks and fraud. This represents only - [Dubai Crypto Ads Must Include Risk Warnings Under New Rules](https://news.shib.io/2024/09/27/dubai-crypto-ads-must-include-risk-warnings-under-new-rules/): Dubai has introduced stricter regulations for marketing content related to cryptocurrencies. The Virtual Asset Regulatory Authority (VARA) announced new guidelines for Dubai crypto ads and the like. It requires all promotional materials for digital assets to carry a prominent disclaimer warning potential investors about financial risks. According to VARA, compliance with all applicable laws and regulations is mandatory for all marketing activities related to virtual assets (VA). It is also inclusive of any VA activity targeting the UAE. This includes adherence to all laws, regulations, and guidelines in the UAE and its emirates, governing advertising, data protection, and consumer protection, - [BNY Mellon Secures Crypto Custody Services Exemption](https://news.shib.io/2024/09/27/bny-mellon-secures-crypto-custody-services-exemption/): Bank of New York Mellon (BNY Mellon) has reportedly secured an exemption from adhering to the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) 121 accounting guidelines.  According to a testimony at a Wyoming public hearing by Chris Land, general counsel for U.S. Senator Cynthia Lummis, this move paves the way for BNY Mellon, the largest U.S. custodian bank, to provide crypto custody services to institutional clients. Chris Land revealed that BNY Mellon is looking to expand its involvement in the crypto custody business. “They had some problems with SAB 121, and the SEC has apparently given them some - [US Cripples Russian Cybercrime Network, Seizes $1.15 Billion](https://news.shib.io/2024/09/27/russian-cybercrime-network-crippled-by-us-seizes-1-15-billion/): The United States, in a coordinated international operation dubbed “Operation Endgame,” cracks down on a sprawling Russian cybercrime network that allegedly laundered billions of dollars for ransomware gangs, darknet markets, and credit card fraudsters.  “Every step cybercriminals take in their pursuit of money leaves another track that leads us to their doorstep,” declared U.S. Attorney Jessica D. Aber for the Eastern District of Virginia. “And if you follow them on their path of greed, they will lead us to you. We will not stop, because while domains can always be seized, justice is unyielding.” Targeting the Russian Facilitators The operation - [Shiba Inu to Skyrocket 360%, Citing Bullish Breakout After Market-Defying Performance, Analyst Predicts](https://news.shib.io/2024/09/27/shiba-inu-eyes-360-potential-gain-amid-massive-upward-trend-predicts-analyst/): Shiba Inu defies the September slump, trading in the green zone and experiencing a 37.5% price hike in the last 30 days. However, it appears that the dog-themed altcoin is just getting started, with a renowned crypto analyst forecasting that SHIB could see significantly more gains, potentially as high as 360%, in the coming days. Crypto analyst Javon Marks saw major strength emerging in Shiba Inu ($SHIB) prices, potentially signaling the early stages of a significant upward movement. Marks, known for his technical analysis, pointed to a recent breakout from a sizable Falling Wedge pattern as a key indicator of - [Shiba Inu Defies September Slump, Rallies 30% Amid Overwhelmingly Bullish Sentiment](https://news.shib.io/2024/09/27/shiba-inu-defies-september-slump-rallies-30-amid-overwhelmingly-bullish-sentiment/): In a display of remarkable resilience, the Shiba Inu cryptocurrency defied the broader September cryptocurrency market slump, staging a dramatic comeback in the latter half of the month and igniting a frenzy among investors.  Latest data from CoinMarketCap chronicled this surge: a 21.07% gain in the past 24 hours, a 31.40% jump over the week, and a stunning 34.26% climb over the past month. The meme-inspired token, once dismissed by some as a fleeting fad, now commands a market capitalization of over $10 billion and sits comfortably among the top 15 cryptocurrencies. Adding fuel to the fire is the overwhelmingly - [The Shib Crypto Recap: Thursday](https://news.shib.io/2024/09/26/the-shib-crypto-recap-thursday/): Today’s cryptocurrency news is focused on various subsectors, including the forced liquidation of a significant player in the crypto banking industry. This development coincides with heightened regulatory scrutiny from South Korean authorities, intensifying the spotlight on industry practices. Additionally, a backlash against a particular crypto project has emerged, which has drawn community attention. Moreover, recent remarks from Vice President Kamala Harris concerning the United States’ position in the blockchain arena are stirring discussions. Compounding these issues are potential regulatory shifts affecting the crypto gaming scene in Japan. Regulatory Pressure: The Hidden Factors Behind Silvergate’s Liquidation Recent insights from bankruptcy documents - [What Is a Phishing Attack and How Can You Avoid It?](https://news.shib.io/2024/09/26/what-is-a-phishing-attack-and-how-can-you-avoid-it/): The risk of phishing attacks in the crypto space poses a vicious threat to users navigating the information superhighway. What exactly is a phishing attack, and how does it progress from the first email or message to the execution of the scheme? A phishing attack is a fraudulent scheme where scammers impersonate legitimate entities to deceive individuals into providing sensitive information, such as passwords or credit card details. The attack typically begins with a deceptive email or message that entices the victim to click on a malicious link or download an attachment, leading them to a fake website or software - [Truflation Suffers $5 Million Loss in Malware Attack](https://news.shib.io/2024/09/26/truflation-suffers-5-million-loss-in-malware-attack/): Truflation, a blockchain-based platform providing real-time inflation data, confirmed it was the victim of a malware attack yesterday that resulted in losses valued between $4.95 million and $5.2 million. The attack led to the theft of approximately $3.89 million in Truflation’s native token (TRUF), $1.07 million in Ether, and $236,000 in DAI stablecoin from the project’s treasury multisignature and personal wallets on Ethereum. Blockchain analysts, including ZachXBT and security firm Cyvers, confirmed these figures. An additional $100,000 was stolen from seven other chains. Truflation stated that it is actively monitoring the situation and working with industry partners and law enforcement - [Russia to Legalize Industrial Crypto Mining Soon](https://news.shib.io/2024/09/26/russia-to-legalize-industrial-crypto-mining-soon/): Russia is reportedly close to legalizing industrial crypto mining. According to a local media report, the State Duma passed the third reading of a draft law requiring crypto miners to comply with anti-money laundering (AML) regulations. The upper house of parliament will soon consider this law, which, if approved, will be signed by the President’s office. The report said that the new law would oblige miners to report suspicious crypto transactions to Rosfinmonitoring, Russia’s anti-money laundering agency. This is seen as part of wider regulatory efforts to manage the country’s cryptocurrency sector, which focuses on digital currency mining. Vladimir Putin - [US FTC Cracks Down on Companies for Misleading AI Claims](https://news.shib.io/2024/09/26/us-ftc-cracks-down-on-companies-for-misleading-ai-claims/): The U.S. Federal Trade Commission (FTC) announced actions against five companies accused of using artificial intelligence in allegedly deceptive ways. These cases are part of the FTC’s effort to address the misuse of AI in consumer-related services. Yesterday, the Federal Trade Commission announced the initiation of “Operation AI Comply,” a series of law enforcement actions aimed at targeting five corporations. These companies have been utilizing artificial intelligence to enhance practices that deceive or disadvantage consumers. Three companies promoted schemes that claimed to help consumers generate passive income through AI-powered e-commerce storefronts. The FTC stated that these companies misled consumers and - [South Korea Declares 'Zero Tolerance' on Crypto Misconduct](https://news.shib.io/2024/09/26/south-korea-declares-zero-tolerance-on-crypto-misconduct/): Authorities in South Korea are stepping up efforts to combat misconduct and illegal activities in the cryptocurrency market. Lee Bok-hyun, chief of the Financial Supervisory Service (FSS), pledged to eradicate unfair trade practices in the virtual asset market during a meeting with CEOs of 16 cryptocurrency companies.  Adopting a hardline stance, Lee emphasized a zero-tolerance approach. He also committed to closely monitoring market prices of newly listed coins and unconfirmed rumors. “We will focus all investigative capabilities to hold wrongdoers strictly accountable,” Lee said. The meeting aimed to discuss industry trends, regulatory directions, and outstanding issues following the enforcement of - [Top OpenAI Executives Exit, Altman Downplays Unrest Buzz](https://news.shib.io/2024/09/26/top-openai-executives-exit-altman-downplays-unrest-buzz/): Mira Murati, the ex-CTO and charismatic leader who had become the public face of OpenAI’s groundbreaking work, has left the company. And she wasn’t alone. Two other key OpenAI figures — Chief Research Officer Bob McGrew, and VP of Research Barret Zoph also made their exits.  With whispers growing louder, many speculate: was it an exodus, a sign of discontent within the company? Or was something more dramatic at play? A few hours after Murati shared her resignation online, Sam Altman, CEO of OpenAI, issued an official statement. He downplayed the departures as part of “leadership changes,” describing them as - [Former Justice Minister Claims Montenegro PM Linked to Do Kwon Case](https://news.shib.io/2024/09/26/former-justice-minister-claims-montenegro-pm-linked-to-do-kwon-case/): Montenegro Prime Minister Milojko Spajić has been accused of manipulating the extradition process of Terraform Labs co-founder Do Kwon in connection with a 30-year airport concession deal involving South Korea.  Former Justice Minister Andrej Milović has claimed that Spajić changed his stance on the concession after Montenegro’s Court of Appeals ruled that Kwon should be extradited to South Korea. Milović stated that Spajić had initially been preparing for months to grant the airport concession to France. However, following the court’s decision in favor of South Korea’s request for Do Kwon’s extradition, Spajić allegedly supported South Korea’s bid for the airport - [Japan Regulator Prepares to Reform Crypto Gaming Laws](https://news.shib.io/2024/09/26/japan-regulator-prepares-to-reform-crypto-gaming-laws/): Japan’s Financial Services Agency (FSA) has reportedly signaled its intention to reform the nation’s crypto gaming laws.  According to reports from Japanese media outlets Nikkei and CoinPost, the FSA is discussing the development of a framework that would simplify how businesses manage cryptoassets. These reforms are expected to focus on revising the Payment Services Act, which currently governs the use of cryptocurrencies in various sectors. The aim is to make it easier for companies to handle cryptoassets, particularly within the gaming industry. Due to existing regulatory constraints, many major domestic gaming companies have been cautious about exploring blockchain gaming. Japan’s - [Telegram Wallet Suspends In-App Functionality for UK Residents](https://news.shib.io/2024/09/26/telegram-wallet-suspends-in-app-functionality-for-uk-residents/): Telegram makes the news again; this time for temporarily suspending its in-app wallet function for users residing in the United Kingdom.  Blockchain media Wu Blockchain noted this move on Thursday. The decision reportedly comes as the company seeks to comply with regulatory requirements set by the UK Financial Conduct Authority (FCA). On the upside, the messaging app will allow users to transfer funds to external wallets for free during this period.  Telegram Wallet in the UK Telegram Wallet is an integrated feature within the Telegram app. It allows users to manage cryptocurrencies such as Bitcoin (BTC), Tether (USDT), and Toncoin (TON). - [Silvergate Forced to Liquidate Due to Government Pressure - Reports](https://news.shib.io/2024/09/26/silvergate-forced-to-liquidate-due-to-government-pressure-reports/): In December 2022, the crypto sector faced its darkest hour, Silvergate — one of the most significant crypto banks in the US — found itself on the brink.  The media company Pirate Wires tracked the movement of Silvergate year by year.  It revealed that in March 2023 the bank announced its voluntary liquidation, marking an end to a pioneering institution in the digital asset space. Mainstream narratives attributed this downfall to market forces and potential ties to criminal activities. However, new evidence suggests a more sinister influence: regulatory pressure from the Biden administration, as per the X post.  People portrayed - [Meta Unveils AI Video Dubbing, Lip-Syncing, Image-Editing Across Platforms](https://news.shib.io/2024/09/26/meta-unveils-ai-video-dubbing-lip-syncing-image-editing-across-platforms/): Meta, the tech giant, is rolling out a series of innovative features, including voice mode and image editing capabilities within its chat function. Rowan Cheung, the founder of AI newsletter The Rundown AI, shared the news on X. Per his post, Meta AI now enables users to share photos and receive replies directly within the chat interface, similar to ChatGPT. However, Meta goes one step further by allowing users to edit these images — whether it’s removing objects, adding accessories like hats, or changing backgrounds — all seamlessly integrated into the conversation flow. This feature is currently available only in - [Worldcoin Faces Backlash As South Korea Slaps Crypto Project with $850,000 Fine](https://news.shib.io/2024/09/26/worldcoin-faces-backlash-as-south-korea-slaps-crypto-project-with-850000-fine/): A bold vision to create a universal digital identity system hits a snag, as Worldcoin, the ambitious project spearheaded by OpenAI co-founder Sam Altman, has been slapped with a hefty fine from South Korea’s Personal Information Protection Commission (PIPC).  The commission, the country’s watchdog for data privacy, levied a total of 1.14 billion won (roughly $850,000 USD) in fines, corrective orders, and improvement recommendations against Worldcoin Foundation and its associated company, Tools for Humanity Corporation (TFH), for violations of the Personal Information Protection Act (PIPA). The controversy began earlier this year, fueled by a flurry of complaints and media reports, - [Kamala Harris Recommits US' Dominance in Blockchain](https://news.shib.io/2024/09/26/harris-champions-blockchain-to-reclaim-u-s-tech-leadership/): Standing before a captivated audience at The Economic Club of Pittsburgh, Vice President Kamala Harris unveils a sweeping vision to restore America’s preeminence in blockchain, AI and technologies. In a departure from her previous campaign rhetoric, Harris pledges that under her leadership, the United States will “recommit” to global dominance in these transformative sectors. In a recent speech, the Democratic presidential nominee, declared, “I will recommit the nation to global leadership in the sectors that will define the next century. We will invest in biomanufacturing and aerospace, remain dominant in AI and quantum computing, blockchain, and other emerging technologies.” These - [Bitcoin, A First Amendment Battleground: Is it Money, Or Is It Speech?](https://news.shib.io/2024/09/26/bitcoin-a-first-amendment-battleground-is-it-money-or-is-it-speech/): In the hushed halls of the Supreme Court and the bustling server farms where Bitcoin is mined, a novel constitutional clash is brewing. The question at hand: Is BTC merely a digital currency, subject to the whims of government regulation, or is it, as the New York Digital Investment Group (NYDIG) forcefully argues, a form of speech protected by the First Amendment? The New York Digital Investment Group (NYDIG), a technology and financial services firm dedicated to BTC for institutions, private clients, and banks, in a meticulously researched report, threw down the gauntlet. It asserted that “Bitcoin is free speech - [Shiba Inu: Analyst Predicts Explosive Price Gains](https://news.shib.io/2024/09/26/shiba-inu-to-witness-more-aggressive-increases-says-analyst/): Shiba Inu, the meme-coin that captured the attention of retail investors and day traders alike, is steadily climbing, bolstering predictions of a more substantial price surge.  This measured ascent, while not as meteoric as some anticipated, ignited renewed interest in the cryptocurrency, particularly following a Wednesday post by crypto analyst Crypto Sheriff (@Gem_Sheriff on X). Shiba Inu Price Action Crypto Sheriff, known for their market insights, declared, “#SHIB is rising in line with my expectations! Although the upward movements are not as sharp as I expected at the moment, we will soon witness more aggressive increases!” Accompanying the tweet was - [The Shib Crypto Recap: Wednesday](https://news.shib.io/2024/09/25/the-shib-crypto-recap-wednesday/): In a world where cryptocurrencies once promised innovation and financial freedom, today’s headlines paint a more troubling picture, featuring tales of fraud, illicit drug distribution networks, and the numerous legal and ethical dilemmas surrounding various crypto ventures. Additionally, the intersection of artificial intelligence (AI) with this sector continues to garner attention, while the FTX saga remains an ever-evolving story. Together, these reports underscore the volatility and unpredictability inherent in the crypto space, prompting concerns about the safety and security of users. Stablecoin Fraud and Other Crypto-Related Crimes on the Rise The SEC has penalized crypto company TrueCoin LLC and financial - [Bridging the Gap](https://news.shib.io/2024/09/25/bridging-the-gap/): Read the latest edition of The Shib magazine here. - [Researchers Successfully Bypass Google’s reCAPTCHA v2 Using AI](https://news.shib.io/2024/09/25/researchers-successfully-bypass-googles-recaptcha-v2-using-ai/): Researchers from ETH Zurich have successfully bypassed Google’s reCAPTCHA v2 security system using advanced machine learning techniques.  Their study, published on September 13, revealed that the AI system used was able to solve 100% of the CAPTCHA challenges designed to distinguish between humans and bots. The process involved a similar number of attempts to those made by human users, marking a major development in the challenge of securing websites from automated bots. CAPTCHA, short for Completely Automated Public Turing test to tell Computers and Humans Apart, is a widely used security measure to prevent bots from accessing websites. reCAPTCHA v2, - [Exclusive Interview: Unlocking Blockchain with Fiat On-Ramps – A Conversation with Suraj Sharma](https://news.shib.io/2024/09/25/fiat-on-ramps-exclusive-interview-a-conversation-with-suraj-sharma/): While the blockchain world continues to evolve, the bridge between traditional finance and decentralization remains a critical challenge. Fiat on-ramps, the gateways to this bridge, play a pivotal role in driving mainstream adoption. In this exclusive interview, Suraj Sharma, a tech policy expert with a deep understanding of both the traditional and decentralized financial systems, shares his insights on the challenges and opportunities surrounding fiat on-ramps. The Shib: What are the key technological challenges and opportunities in developing and implementing efficient fiat on-ramps for blockchain platforms? Sharma: “Connecting traditional banking systems with decentralized blockchain platforms is the main technological hurdle. - [MoneyGram Confirms Cybersecurity Issue Behind Ongoing Outage](https://news.shib.io/2024/09/25/moneygram-confirms-cybersecurity-issue-behind-ongoing-outage/): MoneyGram has confirmed that a cybersecurity issue is behind the ongoing outage affecting its services.  In a statement on Monday, the Dallas-based company revealed that a cybersecurity incident had impacted some of its systems, leading to significant disruptions. The outage was first reported last Friday, and users across multiple regions have continued to experience difficulties accessing MoneyGram’s services. According to the company, upon detecting the issue, it immediately initiated an investigation and took precautionary steps, including taking systems offline. This action resulted in network connectivity problems, affecting both online and in-person transactions. MoneyGram stated that it is collaborating with law - [The Future of Fiat On-Ramps: An Exclusive Interview with InvestaX CEO](https://news.shib.io/2024/09/25/fiat-on-ramps-an-exclusive-interview-with-investax-ceo/): The bridge connecting traditional finance to the decentralized world, fiat on-ramps are crucial for the mainstream adoption of blockchain technology. But what are the challenges and opportunities surrounding these gateways? How can regulations be optimized to foster innovation while ensuring compliance? This exclusive interview with Julian Kwan, a serial entrepreneur and blockchain expert, delves into these critical questions and explores the future of fiat on-ramps. The Shib: What are the key technological challenges and opportunities in developing and implementing efficient fiat on-ramps for blockchain platforms? Kwan: Significant challenges in developing and implementing efficient fiat on-ramps for blockchain platforms include: Banking - [Early Ethereum Investor Moves Millions After 837,964% Gains, Sends ETH to Kraken](https://news.shib.io/2024/09/25/early-ethereum-investor-moves-millions-after-837964-gains-sends-eth-to-kraken/): An early Ethereum investor, inactive for several years, has recently moved a large portion of their holdings.  Blockchain tracking firm Lookonchain reports that this whale participated in Ethereum’s 2014 initial coin offering (ICO), acquiring 150,000 ETH at the Genesis block. The initial investment, which cost $46,500, is now valued at approximately $389.7 million, implying an increase of 837,964%. After over two years of inactivity, the investor transferred 3,510 ETH, valued at $9.12 million, to the Kraken crypto exchange. Another Whale Profits From Strategic Ethereum Trades Lookonchain also reported a second Ethereum investor who made significant profits by accumulating Ethereum during - [Crypto-Funded Drug Ring Dismantled by South Korean Authorities](https://news.shib.io/2024/09/25/crypto-funded-drug-ring-dismantled-by-south-korean-authorities/): South Korea’s Narcotics Crime Investigation Unit has dismantled a drug distribution network that used cryptocurrency to facilitate illicit transactions. The recent arrest of a 33-year-old methamphetamine distributor underscores the growing intersection between virtual assets and criminal activities. It also highlights the challenges faced by authorities in regulating this emerging financial landscape. Korean media outlet kbc NEWS reported that the police charged six individuals in their 20s and 40s. These people allegedly purchased and used methamphetamine, referring them to prosecution on similar charges.  Crypto-Funded Drug Ring Exploits Anonymity The arrested individual, identified only as A, is said to have conspired with a - [Worldcoin Faces Legal Scrutiny and Ethical Concerns Amid Declining Interest](https://news.shib.io/2024/09/25/worldcoin-faces-legal-scrutiny-and-ethical-concerns-amid-declining-interest/): Worldcoin, an ambitious cryptocurrency project, is facing significant legal and ethical challenges. The company has attracted millions in investment but now finds itself under investigation for potential violations of GDPR (General Data Protection Regulation). This is purportedly due to its handling of biometric data and eyeball scanning.  As per DLNews, the core issue revolves around Worldcoin’s business model, which involves scanning users’ irises to create a unique digital identity called WorldID. In return, users receive WLD tokens, the project’s cryptocurrency.  However, authorities have raised concerns about how this biometric data is collected and stored. These things have also led to - [Banana Gun Suffers $3M Loss in Recent Cyber Attack](https://news.shib.io/2024/09/25/banana-gun-suffers-3m-loss-in-recent-cyber-attack/): Decentralized finance (DeFi) protocol Banana Gun recently fell victim to an attack resulting in a $3 million loss.  The platform made the announcement on X on Wednesday.  The attack targeted high-profile users, including smart money traders and crypto veterans, exploiting a potential vulnerability in the Telegram message oracle used by the platform.  A total of 11 users were affected, with funds being manually transferred from their wallets while they interacted with Banana Gun’s bots on both EVM and Solana blockchains. The Shib Daily initially reported about this news Friday, back then citing a $1.9 million loss. “After a thorough investigation - [Mark Cuban Says Kamala Harris Opposes SEC's Litigation-Based Regulation](https://news.shib.io/2024/09/25/mark-cuban-says-kamala-harris-opposes-secs-litigation-based-regulation/): Billionaire investor Mark Cuban does not mince words in saying that Kamala Harris’ presidential campaign is against “regulation through litigation,” which contrasts with the current approach of the U.S. Securities and Exchange Commission (SEC) under Chair Gary Gensler.  Cuban shared his thoughts following the SEC Chair’s recent testimony at a House Financial Services Committee hearing, where Gensler faced questioning about his approach to regulating cryptocurrencies. Cuban posted videos from the hearing on X, including a moment where Representative Ritchie Torres (D-N.Y.) asked Gensler to explain the difference between buying a ticket to a Yankees game and purchasing a non-fungible token - [OpenAI Proposes Large-Scale Data Centers to Support AI Development](https://news.shib.io/2024/09/25/openai-proposes-large-scale-data-centers-to-support-ai-development/): OpenAI has proposed the construction of massive data centers in the United States to support the growing demand for artificial intelligence technologies.  According to a Bloomberg report, the company shared a document with the Biden administration outlining plans for data centers requiring up to 5 gigawatts (GW) of power. This is equivalent to the output of five nuclear reactors, or enough energy to supply nearly 3 million homes. The proposal followed a recent meeting between OpenAI CEO Sam Altman and government officials at the White House. The plan includes an economic analysis, suggesting that the data centers would create tens - [SEC Penalizes TrueCoin and TrustToken for Fraudulent TUSD Sales](https://news.shib.io/2024/09/25/sec-penalizes-truecoin-and-trusttoken-for-fraudulent-tusd-sales/): The Securities and Exchange Commission (SEC) on Tuesday imposed hefty penalties on TrueCoin LLC and TrustToken Inc. for their fraudulent and unregistered sales of investment contracts tied to the purported stablecoin TrueUSD (TUSD).  In a complaint filed with the U.S. District Court for the Northern District of California, the SEC reported that TrueCoin and TrustToken engaged in an unregistered offer between November 2020 and April 2023. It also alleged the sale of investment contracts through TUSD and profit-making opportunities on TrueFi. The companies purportedly marketed TUSD as a safe and trustworthy investment, claiming that US dollars or their equivalent backed - [Top Crypto Trends 2024: AI, DeFi, MEME, L2 Dominate; Chain Abstraction Surges](https://news.shib.io/2024/09/25/top-crypto-trends-2024-ai-defi-meme-l2-dominate-chain-abstraction-surges/): Cryptocurrency narratives were primarily driven by four key topics this year, according to analytics platform Kaito AI research. From January through August 2024, artificial intelligence (AI), decentralized finance (DeFi), memecoins (MEME), and layer-2 solutions (L2) secured the top spots in terms of crypto trends mindshare. AI maintained its stronghold, remaining a focal point among crypto enthusiasts. Investors are increasingly interested in AI’s potential to transform industries and create innovative use cases within the blockchain realm.  Projects like SingularityNET and Fetch.ai exemplify AI’s integration with cryptocurrencies, offering decentralized marketplaces for AI services and autonomous agents that can perform complex tasks. DeFi - [Ex-FTX Co-CEO Turns on Caroline Ellison, Defending Former Boss](https://news.shib.io/2024/09/25/ellison-ex-ftx-co-ceo-turns-on-caroline-defending-former-boss/): As Caroline Ellison faced sentencing for her role in the FTX collapse, former FTX digital Markets co-CEO Ryan Salame took to X (formerly Twitter) not to offer condolences, but to deflect blame and defend former boss Sam Bankman-Fried (SBF). In a series of tweets, Salame pointedly claimed that Ellison, not SBF, was the one who directed him to make political contributions. “Quick reminder that between SBF and Caroline, only one of them ever directly asked me to make a political contribution and it was Caroline,” he wrote, adding in a separate tweet, “you can ask people to make donations, that’s - [The Shib Crypto Recap: Tuesday](https://news.shib.io/2024/09/25/the-shib-crypto-recap-tuesday/): The crypto world is rarely a tranquil place, but Tuesday’s news cycle brought a particularly intense wave of developments, highlighting the ongoing challenges and opportunities shaping the future of digital assets. From sophisticated cybercrime operations to high-stakes legal battles and legislative efforts to protect consumers, the day’s headlines underscored the dynamic and often unpredictable nature of this rapidly evolving industry. Cybercriminals Target Crypto Users with Increasing Sophistication A new report from cybersecurity firm Insikt Group exposed a sophisticated cybercriminal operation dubbed “Marko Polo,” responsible for over 30 unique scams targeting cryptocurrency users, influencers, and tech professionals globally. The group employed - [Bitwise CIO Says Top Financial Advisors Are Increasingly Allocating to Crypto](https://news.shib.io/2024/09/24/bitwise-cio-says-top-financial-advisors-are-increasingly-allocating-to-crypto/): Bitwise Chief Investment Officer Matt Hougan has pointed to an increasing trend of financial advisors investing in crypto assets within their personal portfolios.  In a memo to clients on Tuesday, Hougan discussed his observations from the Barron’s Advisor 100 Summit in Palm Beach, Florida, where he delivered a keynote speech. He noted a shift in attitudes toward Bitcoin and other crypto assets among key figures in the finance industry. “A wave of the most powerful people in finance are finally allocating to crypto,” Hougan said, reflecting on the summit.  He had asked attendees how many owned Bitcoin or other crypto - [Telegram Makes Controversial Change to Privacy Policy Following CEO's Arrest](https://news.shib.io/2024/09/24/telegram-makes-controversial-change-to-privacy-policy-following-ceos-arrest/): Telegram has announced significant changes to the platform’s security and privacy policies.  The changes involve handing over users’ IP addresses and phone numbers to authorities upon valid legal requests. This is particularly true in cases involving criminal activities that violate Telegram’s Terms of Service. The move has sparked widespread concern among privacy advocates and users of the popular messaging app. The announcement comes on the heels of Telegram founder and chief executive Pavel Durov’s recent arrest in France. His arrest raised questions about whether external pressures influenced his decision.  “If any data is shared, we will include such occurrences in - [US Court Questions SEC’s Denial of Coinbase Crypto Rulemaking Request](https://news.shib.io/2024/09/24/us-court-questions-secs-denial-of-coinbase-crypto-rulemaking-request/): It appears that the U.S. Court of Appeals for the Third Circuit is not sold on the Securities and Exchange Commission’s (SEC) decision to deny Coinbase’s request for crypto rulemaking. Coinbase filed a petition in July 2022 asking the SEC to establish rules to govern securities traded through digital methods. The SEC denied the request in late 2023, leading Coinbase to ask the court to compel the regulator to provide a more detailed response. Judges Criticize Lack of Explanation on Coinbase Decision During the hearing on Monday, Judge Thomas Ambro criticized the SEC’s limited reasoning for denying Coinbase’s petition. “There’s - [Sweden Classifies Certain Crypto Exchanges as Money Launderers](https://news.shib.io/2024/09/24/sweden-classifies-certain-crypto-exchanges-as-money-launderers/): Sweden’s Financial Intelligence Unit (FIU) and the Swedish Police Authority have categorized certain cryptocurrency exchanges as “professional money launderers (PML)” after an analysis of unlicensed and illegal providers. According to the FIU, these PMLs are linked to criminal activities and help facilitate systematic money laundering for various individuals and criminal networks. According to the Swedish Financial Intelligence Unit, the Pakistan Muslim League has connections with criminal elements. It also plays a role in enabling organized money laundering activities for both individuals and criminal organizations. The FIU report identified four profiles for these PMLs: the node exchange provider, the hawala exchange - [CFTC Orders William Koo Ichioka to Pay $31M to Fraud Victims, $5M Fine](https://news.shib.io/2024/09/24/cftc-orders-william-koo-ichioka-to-pay-31m-to-fraud-victims-5m-fine/): The Commodity Futures Trading Commission (CFTC) last week announced significant monetary relief against William Koo Ichioka for acts of fraud. Judge Vince Chhabria of the U.S. District Court for the Northern District of California issued the order mandating Ichioka to pay $31 million in restitution to victims of fraud. Along with this, he faces an additional $5 million civil monetary penalty. The decision follows an initial consent order entered by the court on Aug. 14, 2023. That order prohibited Ichioka from committing future violations of the Commodity Exchange Act (CEA) and CFTC regulations. It also banned him from trading in - [Family Offices' Crypto Optimism Doubles to 17%](https://news.shib.io/2024/09/24/family-offices-crypto-optimism-doubles-to-17/): The percentage of family offices optimistic about cryptocurrencies has doubled, rising from 8% in 2023 to 17% this year, according to a recent Citibank report. The preferred method was direct investment.  Wu Blockchain, the blockchain analytics platform, reported this development on X on Tuesday.  Citi’s “Global Family Office 2024 Survey Report highlighted that digital asset interest continues to grow, with both large and small family offices showing similar enthusiasm. It wrote that approximately 25% of respondents have either already invested in digital assets or plan to do so. The early adopters segment, currently at 17%, is expected to expand in - [Polymarket Predicts No Prison Time for Ex-Alameda CEO Caroline Ellison](https://news.shib.io/2024/09/24/polymarket-predicts-no-prison-time-for-ex-alameda-ceo-caroline-ellison/): Caroline Ellison, the former CEO of Alameda Research, is scheduled to be sentenced today in New York for her involvement in the collapse of FTX. Despite pleading guilty to fraud and money laundering charges in December 2022, many on the Polymarket platform are betting that she will avoid prison time. As of Monday, 43% of bettors on the platform predicted no jail time for Ellison. The bets reflect varying opinions, with 19% of Polymarket users predicting a sentence between 1 and 11 months, and 28% estimating a sentence of 12 to 23 months. Polymarket allows participants to purchase shares in - [Ireland Partners with EU on Crypto Regulations Under MiCA](https://news.shib.io/2024/09/24/ireland-partners-with-eu-on-crypto-regulations-under-mica/): Ireland is working closely with its European Union partners to align with the Markets in Crypto-Assets Regulation (MiCA), according to Derville Rowland, deputy governor of the Central Bank of Ireland.  “For the first time, MiCA will introduce a harmonized regulatory framework for the sector that introduces prudential and conduct obligations for issuers of e-money tokens, asset-referenced tokens, and for crypto-asset service providers,” Rowland stated on Monday. She added that the regulation also imposes obligations for public offers of crypto-assets that are not classified as asset-referenced or e-money tokens. Deputy Governor Rowland delivered a keynote address, this afternoon, at @AFME_EU 8th - [Bipartisan Bill Aims to Empower Law Enforcement Against Financial Fraud](https://news.shib.io/2024/09/24/bipartisan-bill-aims-to-empower-law-enforcement-against-financial-fraud/): The Digital Chamber (TDC) has endorsed the bipartisan introduction of the “Empowering Law Enforcement to Combat Financial Fraud Act.”  TDC made the announcement via their blog last week as part of a greater goal to combat financial crime. Led by Representatives Nunn, Gottheimer, and Fitzgerald, this legislation is crucial in battling growing threats, especially those targeting vulnerable populations like senior citizens. As blockchain and digital assets evolve, so do fraudulent tactics exploiting these technologies. The Act addresses the urgent need for clear guidelines and enhanced resources. It also talks about better tools for law enforcement agencies at State, local, and - [Flappy Bird Returns with a Web3 Twist, No Wallets or NFTs Required](https://news.shib.io/2024/09/24/flappy-bird-returns-with-a-web3-twist-no-wallets-or-nfts-required/): Flappy Bird, the viral sensation that captivated millions on Monday announced it is returning in a new avatar. The revamped game will offer optional Web3 integration without requiring any wallet connections or NFTs. Last week, The Shib Daily reported that Dong Nguyen, the creator of the game officially confirmed he is not involved in the game’s upcoming re-release. In a recent post on X, Nguyen emphasized his lack of connection to the project. He also made it clear that he does not endorse cryptocurrency. This marks Nguyen’s first public statement on X since 2017. His message distances him from the - [Arthur Hayes Doubles Down on Meme Coins: 'Dogshit' But Still Worth Trading](https://news.shib.io/2024/09/24/arthur-hayes-doubles-down-on-meme-coins-dogshit-but-still-worth-trading/): Arthur Hayes, the outspoken co-founder of BitMEX, isn’t shying away from his love of meme coins, even if he calls them “dogshit.” The co-founder tweeted on Monday, mentioning Bitcoin’s performance and hinting at trading dog-themed meme coins like Shiba Inu. .@IGGYAZALEA can you be my $MOTHER? I was wrong $JPY weakening, $BTC held up well over the weekend. LFG, and let the good times roll. Time to trade some dogshit meme coins. — Arthur Hayes (@CryptoHayes) September 23, 2024 However, his remark followed his public endorsement of Shiba Inu (SHIB) in March 2024, highlighting his growing focus on meme coins. - [Bitcoin Hashrate: US Mining Power Surges, Closing Gap with China](https://news.shib.io/2024/09/24/bitcoin-hashrate-us-mining-power-surges-closing-gap-with-china/): The landscape of Bitcoin mining is undergoing a seismic shift, with U.S. mining companies steadily gaining ground and challenging the long-held dominance of Chinese pools.  According to Ki Young Ju, founder and CEO of on-chain analytics firm CryptoQuant, the balance of power in Bitcoin’s hashrate is tilting towards the West, signaling a potential turning point for the industry. “Bitcoin hashrate dominance is shifting to U.S. mining companies,” Ju said in a recent post on X (formerly Twitter). His analysis revealed a notable trend: while Chinese mining pools still command a significant 55% of the network’s hashrate, U.S. pools are rapidly - [LEASH Surges Double Digits, Defying Expectations](https://news.shib.io/2024/09/24/leash-on-the-loose-defies-expectations-with-double-digit-surge/): Shiba Inu’s Doge Killer LEASH is on a tear, unleashing its power and defying expectations with a ferocious double-digit surge that has the crypto world buzzing.  As of late night Monday ET, LEASH is trading at $307.83, a remarkable 11.81% increase over the past 24 hours. This surge propelled its market cap to $32,745,174, signaling a potential turning point for the token. LEASH Price Action The recent price action, fueled by a surge in trading volume, which saw a 46.50% increase in the past 24 hours, reaching $1,985,056. This underlined strong buying pressure and a renewed interest in the Doge - [AI Giant OpenAI Falls Victim to Cryptocurrency Scam](https://news.shib.io/2024/09/24/openai-falls-victim-to-cryptocurrency-scam/): The irony was almost poetic. OpenAI, the company that brought us ChatGPT, the AI marvel capable of crafting human-quality text and navigating the digital world with astonishing fluency, fell victim to a decidedly low-tech scam: a cryptocurrency hustle on X, formerly known as Twitter.  The incident, which unfolded Monday evening, exposed a vulnerability not in OpenAI’s sophisticated algorithms, but in the human element that still underpins even the most advanced technology. The attack was brazen in its simplicity.  OpenAI’s official X account, suddenly began promoting a fictitious crypto asset dubbed “$OPEANAI.” The tweet, now deleted, lured unsuspecting users with promises - [Marko Polo Cybercrime Group Runs Sophisticated Scams, Stealing Millions from Crypto Users](https://news.shib.io/2024/09/23/scams-marko-polo-cybercrime-group-targets-crypto-users-with-sophisticated-scams-stealing-millions/): Using a variety of sophisticated scams, cybersecurity firm Insikt Group unveils a sophisticated cybercriminal operation dubbed “Marko Polo” that has compromised tens of thousands of devices globally, leading to millions of dollars in stolen funds, particularly from cryptocurrency users.  Scams: Social Engineering and a Web of Deception The group, believed to be operating out of the post-Soviet states, employs a diverse toolkit of infostealer malware and social engineering tactics to target individuals and organizations across the gaming, tech, and cryptocurrency sectors. Marko Polo’s primary method of attack is spearphishing, often through social media platforms like Discord and OpenSea. Posing as - [The Shib Daily Crypto Recap: Monday](https://news.shib.io/2024/09/23/crypto-recap-monday-the-shib-daily/): The crypto world is rarely calm, but today, the currents of regulation are swirling with particular intensity. From Australia to Argentina, governments are grappling with how to navigate the complexities of digital assets, while legal battles in the U.S. threaten to reshape the very definition of what constitutes security in the crypto space. Here is a rundown of the key developments shaping the crypto landscape Monday. Governments Grapple with Rise of Crypto Regulators around the world are tightening their grip on the crypto industry, seeking to balance innovation with consumer protection. In Australia, the Australian Securities and Investments Commission (ASIC) announced - [‘Digital Asset Security’: Was the Term Made Up by the SEC?](https://news.shib.io/2024/09/23/digital-asset-security-was-the-term-made-up-by-the-sec/): The term “digital asset security” has recently come under scrutiny, with critics questioning its origins and legitimacy. They argue that this term, seemingly conjured by the Gary Gensler-led Securities and Exchange Commission (SEC), may have emerged more from a desire to regulate than from any well-defined legal basis. This raises a critical question: did the SEC fabricate a term to tighten its grip on digital assets or is there a substantive legal framework that supports this classification? As regulators seek to impose structure on a sector that requires more regulation, the implications of such terminology could have far-reaching consequences for - [Trump's Crypto Play: How Digital Assets Are Shaping the 2024 US Presidential Election](https://news.shib.io/2024/07/16/trumps-crypto-play-how-digital-assets-are-shaping-the-us-2024-presidential-election/): Former U.S. President Donald Trump has been leveraging crypto to win against Joe Biden. This will mark the first time that crypto has become a topic of discussion in general election campaigns. Trump is also breaking new ground by being the first majority nominee to advocate for cryptocurrency trading. Trump, becoming the first major nominee to back cryptocurrency traders, has been promoting his own non-fungible tokens (NFTs) and emphasizing the Democrats’ opposition to crypto. This political shift has led to an uptick in the cryptocurrency market. Trump, once an outspoken crypto critic, now champions digital assets, contrasting sharply with Biden’s - [Shib Army Unleashes Powerful Campaign for KNINE Listing on Gate.io](https://news.shib.io/2024/07/16/shib-army-unleashes-powerful-campaign-for-knine-listing-on-gate-io/): The Shib Army is mobilizing its vast network to advocate for the listing of KNINE, the native token of K9 Finance, on Gate.io. The move comes after Gate.io quietly added support for SHIB and LEASH on the Shibarium network, further solidifying its commitment to the Shiba Inu ecosystem. The Shib Army buzzed with excitement when Gate.io began supporting SHIB and LEASH directly on Shibarium.  Although the exchange had not officially announced this feature, the news spread quickly after Maximous (@MaximousDarwin on X), a trusted community voice and Shibarium communication channel moderator, shared screenshots revealing the expanded support. Buzz, the pseudonymous - [Trump Picks Crypto-Friendly J.D. Vance as Running Mate](https://news.shib.io/2024/07/15/trump-picks-crypto-friendly-j-d-vance-as-running-mate/): Former President Donald Trump has selected U.S. Senator J.D. Vance of Ohio as his running mate. The Bitcoiner U.S. Senator from Ohio, known for his support for cryptocurrencies, has received a significant endorsement from influential tech leaders and prominent figures in the tech and crypto space following the announcement. The recent announcement of former President Donald Trump that Vance is his running mate is a surprise to many. The unexpected alliance has sparked both excitement within the financial world, with supporters envisioning a potential paradigm shift in monetary policy.  In a statement, former President Donald Trump announced Senator J.D. Vance - [Exclusive: Shiba Eternity Poised to Usher in New Era of Blockchain Gaming on Shibarium](https://news.shib.io/2024/07/15/exclusive-shiba-eternity-poised-to-usher-in-new-era-of-blockchain-gaming-on-shibarium/): Shiba Eternity is poised to usher in a new era of blockchain gaming on Shibarium, promising to revolutionize the digital gaming landscape as the first game to fully operate on Shib’s proprietary blockchain. Following a series of announcements and updates, the game’s official X account teased its future with a cryptic message: “After a long silence, we’re SO Back! 💪We’ve been working tirelessly behind the scenes, and we can’t wait to share what we’ve been up to. Stay tuned…” While the X post excited the Shib Army, it didn’t elaborate on the upcoming features for the Shiba Inu collectible card - [Shiba Inu a Step Closer to Realizing SHIB ETF Ambition with Coinbase Futures Listing](https://news.shib.io/2024/07/15/shiba-inu-a-step-closer-to-realizing-shib-etf-ambition-with-coinbase-futures-listing/): Shiba Inu has inched closer to realizing its SHIB exchange-traded fund (SHIB ETF) aspirations with Coinbase listing SHIB futures contracts on its derivatives platform.  This latest development marks a significant milestone in the journey of the world’s second-largest dog-themed altcoin by market capitalization, towards mainstream financial recognition. On June 28, Coinbase Derivatives initially announced the introduction of five new cryptocurrency futures contracts, including SHIB, under Market Notice 24-14. A subsequent amendment, Market Notice 24-14.1, dated July 10, confirmed the listing of the SHIB futures contract alongside Polkadot (DOT), Avalanche (AVA), and Chainlink (LNK) on July 15.  “Polkadot (DOT), 1k Shib (SHB), Avalanche (AVA) - [Unfazed: Trump to Deliver In-Person Speech at Bitcoin Conference Despite Horrific Shooting Incident in Pennsylvania Rally](https://news.shib.io/2024/07/14/unfazed-trump-to-deliver-in-person-speech-at-bitcoin-conference-despite-horrific-shooting-incident-in-pennsylvania-rally/): Former President Donald Trump is set to defy expectations and deliver his speech in person at the Bitcoin 2024 Conference, despite the recent horrific shootout in Pennsylvania that claimed the life of an alleged shooter and a supporter. While many anticipated that Trump would take it slow and become more cautious in his appearances and rallies, he remained committed to meeting his prior engagements. Trump’s camp has yet to officially announce this development.  However, the official X account of the Bitcoin Conference revealed the news, stating, “We are happy to report that Donald Trump is committed to delivering his speech - [Billionaires Break Silence, Announce Endorsement of Trump Following Pennsylvania Shooting Incident](https://news.shib.io/2024/07/14/billionaires-break-silence-announce-endorsement-of-trump-following-pennsylvania-shooting-incident/): Crypto advocates and billionaires and Elon Musk and Justin Sun have announced their endorsements of former President Donald Trump shortly after reports emerged that Trump had been shot at a rally in Pennsylvania. Musk and Sun’s support highlights a significant political shift and underscores Trump’s growing influence within the tech and cryptocurrency industry. Just minutes after videos surfaced on X showing former President Donald Trump being shot at his rally in Pennsylvania, Musk took to social media to declare his full endorsement of the Republican candidate. “I fully endorse President Trump and hope for his rapid recovery,” Musk stated in - [Shibarium Rising: Gate.io Ignites Shib Army Excitement with Expanded Support for SHIB and LEASH ](https://news.shib.io/2024/07/13/shibarium-rising-gate-io-ignites-shib-army-excitement-with-expanded-support-for-shib-and-leash/): The Shibarium ecosystem is witnessing a surge in enthusiasm as Gate.io, the 7th largest cryptocurrency exchange by trading volume, expands support for Shiba Inu (SHIB) and Doge Killer (LEASH).  The Shib Army is buzzing with excitement as Gate.io quietly rolled out a game-changing feature: direct support for SHIB and LEASH on the Shibarium network. Though yet to be officially announced by the exchange, the news spread like wildfire after Maximous (@MaximousDarwin on X), a trusted voice within the community and moderator on Shibarium’s communication channels, shared screenshots revealing the expanded support. Maximous, expressed heartfelt gratitude to Gate.io for their continued - [Shiba Inu Poised for 'Vertical Movements,' Triple-Digit Gains Predicted by Crypto Traders](https://news.shib.io/2024/07/13/shiba-inu-poised-for-vertical-movements-triple-digit-gains-predicted-by-crypto-traders/): Crypto traders are anticipating a significant upward movement for Shiba Inu (SHIB), with predictions of a potential triple-digit average pump on the horizon. Crypto enthusiasts are abuzz with predictions of a significant surge for Shiba Inu (SHIB), a popular meme-based cryptocurrency. The optimism stemmed from technical analysis, historical patterns and current market conditions suggest that SHIB may be poised for a remarkable price surge, capturing the attention of investors and enthusiasts alike. Prominent crypto analyst Crypto Sheriff, known by his X handle @Gem_Sheriff, ignited a wave of excitement within the Shiba Inu community with a recent tweet proclaiming a “bullish - [The Weekly Meme Digest - July 13, 2024](https://news.shib.io/2024/07/13/the-weekly-meme-digest-9/): Buckle Up, Crypto Crew! It’s the Weekly Meme Digest: Shiba Inu Edition! 🐶🚀 🐶 Hold onto your Shiba Inu, folks! It’s time for another hilarious romp through the crypto wild west with The Shib Daily’s Weekly Meme Digest! 🐶 We’re back, baby! Your favorite source for all things crypto, served with a side of Shiba Inu sass and a generous sprinkle of memes. Because let’s face it, who needs a financial advisor when you’ve got a community that can turn a market crash into a meme-worthy masterpiece? 🤷‍♀️ While the rest of the world is busy doomscrolling through headlines about - [Squarespace: The Accidental Grim Reaper of DeFi Crypto Domains?](https://news.shib.io/2024/07/13/squarespace-the-accidental-grim-reaper-of-defi-crypto-domains/): Hold onto your wallets, crypto connoisseurs! Squarespace, the website builder your grandma trusts more than her dentures, just morphed into the Joker of the digital asset realm. 🤡💥 The story begins like a classic Scooby-Doo episode: seemingly harmless website builder, forced migration from Google, two-factor authentication mysteriously disappears… and bam! Over 100 crypto projects, including big names like Polymarket, Hyperliquid, dYdX, and THORChain, are suddenly vulnerable to attack. 😨 This isn’t your run-of-the-mill phishing scam. This is a full-on DNS hijacking heist, where hackers redirect unsuspecting users to pages that drain their wallets faster than you can say “Satoshi Nakamoto.” - [The German Government's Bitcoin Fire Sale is Finally Over (And We're Still Alive!)](https://news.shib.io/2024/07/13/the-german-governments-bitcoin-fire-sale-is-finally-over-and-were-still-alive/): Hallelujah, hodlers! The German government has finally run out of Bitcoin to dump on us poor, unsuspecting plebs. After weeks of relentless selling that sent shockwaves through the crypto market (and our portfolios 🥲), its wallet is officially empty. Insert sigh of relief here. According to Arkham Intelligence, this 23-day dump saga saw Germany offloading nearly 50,000 BTC seized from the piracy platform Movie2k. That’s right, folks, the German government just went full crypto whale on us. 🐋🚀 One month ago, these government wallets held $3.4 billion in Bitcoin, which dwindled to $2.9 billion by July 1 and $2.2 billion - [SEC Crypto Cha-Cha Slide: Two Steps Forward, One Giant Moonwalk Backwards](https://news.shib.io/2024/07/13/sec-crypto-cha-cha-slide-two-steps-forward-one-giant-moonwalk-backwards/): The U.S. Securities and Exchange Commission is doing the regulatory hokey-pokey, and it’s leaving the crypto world in a dizzying spin. Remember SAB 121, that accounting nightmare that basically screamed, “Crypto is a financial demon spawn, report it as a liability or face the wrath of Gensler!” Well, hold onto your Lambo hats, because the SEC’s regulatory spine seems to have discovered the art of the limbo. limbo limbo limbo 🕺 Turns out, those big banks with their marble pillars and mahogany desks can now do a little financial sidestep around those pesky balance sheet reporting requirements. But wait! There’s - [Bitcoin Billionaire Arthur Hayes' Wild Plan for Crypto to Conquer the White House](https://news.shib.io/2024/07/13/bitcoin-billionaire-arthur-hayes-wild-plan-for-crypto-to-conquer-the-white-house/): Howdy, crypto cowboys and cowgirls! 🤠 Gather ’round the digital campfire, because Bitcoin billionaire Arthur Hayes, the gunslinging co-founder of BitMEX, has just dropped a bombshell that’s got the whole crypto saloon buzzing. 💣💥  In his latest blog post, Hayes laid out a master plan wilder than a Bitcoin bull run – a plan that could see us crypto-loving, meme-slinging degenerates deciding the fate of the United States presidency this November. 🤯 That’s right, folks. Forget Wall Street and Washington, the real power players in 2024 might just be you – the laser-eyed, diamond-handed HODLers who can spot a shitcoin - [White House Reality Show Crypto Edition: The Trump-Biden Showdown Continues!](https://news.shib.io/2024/07/13/white-house-reality-show-crypto-edition-the-trump-biden-showdown-continues/): As we get into a new chapter of this mess that’s gotten crypto entangled with U.S. presidential candidates, let’s do a little history recap. 📜 So you all probably remember that in 2020, the SEC accused Ripple, their CEO, and a founder of violating securities laws. It was like they had mined a block full of trouble. Fast forward to 2023, and Coinbase, the big dog of U.S. crypto exchanges, found itself in hot water with the same accusations. ⚖️👨🏻‍⚖️ The name Gary Gensler, Joe Biden’s appointed SEC Chair, has been in crypto news headlines. 📰 Anyway, the SEC eventually - [VanEck CEO ‘Very Bullish’ on Bitcoin and Gold, Foresees Strong Growth Ahead](https://news.shib.io/2024/07/12/vaneck-ceo-very-bullish-on-bitcoin-and-gold-foresees-strong-growth-ahead/): During a recent appearance on CNBC’s “Closing Bell Overtime,” Jan van Eck, CEO of VanEck, a prominent global investment management firm, discussed Bitcoin’s recent price movements and stated that he remains strongly optimistic about the future prospects of both the cryptocurrency and gold. He said one of the key attributes of the cryptocurrency industry is its tendency towards volatility, where fluctuations in value are a common occurrence. However, he also pointed out that the sudden surge and subsequent drop of Bitcoin was unconventional yet foreseeable given its status as a high-risk investment. The CEO expressed his positive view of the - [Exclusive: Shibarium Community-led Giveaway Starts Sunday; Shib Marketing Lead Shares Details](https://news.shib.io/2024/07/12/exclusive-shibarium-community-led-giveaway-starts-sunday-shib-marketing-lead-shares-details/): Shibarium is launching an exciting new community-led giveaway this Sunday, offering participants the chance to win a share of $2000 in prizes.  In an exclusive interview with The Shib Daily, Shiba Inu’s marketing lead Lucie (@LucieSHIB on X) shared detailed insights about the contest, highlighting the community-centric approach and the steps participants need to take to maximize their chances of winning. The contest, commencing on Sunday, July 14, requires participants bridge tokens to Shibarium and then utilize Shibaswap, Shiba Inu’s decentralized exchange. Participants are encouraged to share their experience on X using the hashtags #TreatYourSelf and #Shibarium. The giveaway boasts - [DOJ Announces BitMEX's Guilty Plea to Bank Secrecy Act Violation, Exchange Calls Charge ‘Old News’](https://news.shib.io/2024/07/11/doj-announces-bitmexs-guilty-plea-to-bank-secrecy-act-violation-exchange-calls-charge-old-news/): The U.S. Department of Justice (DOJ) said BitMEX, a cryptocurrency derivatives exchange, pleaded guilty to violating the Bank Secrecy Act (BSA) between 2015 and 2020. The Seychelles-headquartered exchange responded by claiming there is no new information in this case. In a press release, Damian Williams, the United States Attorney for the Southern District of New York, and Christie M. Curtis, acting assistant director for the FBI’s New York Field Office, disclosed that HDR Global Trading Limited, the parent company of BitMEX, was accused of deliberately neglecting to establish and maintain an effective Anti-Money Laundering (AML) program while conducting business in - [Shiba Inu Chart Flashes 'Super Bullish' Signals, Crypto Trader Predicts 'Giga Pump' for SHIB](https://news.shib.io/2024/07/11/shiba-inu-chart-flashes-super-bullish-signals-crypto-trader-predicts-giga-pump-for-shib/): The Shiba Inu ($SHIB) chart is currently flashing “super bullish” signals that could lead to a “giga pump, according to the recent forecast by a crypto trader. On Wednesday, a prominent crypto trader who uses the X handle @Gem_Sheriff and more popularly known as Crypto Sheriff, provided a detailed analysis of the Shiba Inu chart, highlighting that SHIB had finally tested its major support and rebounded. This bounce from key support levels is often a strong indicator of positive momentum, and in this case, it suggests that SHIB is poised for what the trader referred to as a “giga pump.”  - [Shibarium Sees Massive $1M SHIB Bridged, Bringing Total to 97 Billion](https://news.shib.io/2024/07/11/shibarium-sees-massive-1m-shib-bridged-bringing-total-to-97-billion/): Shibarium, the layer-2 scaling solution for the Shiba Inu crypto project, is experiencing an unprecedented surge in popularity, evidenced by a recent influx of nearly $1 million worth of SHIB tokens, bringing the total bridged amount to an astounding 97 billion SHIB. A transfer of 60 billion SHIB, shared on X by Shib Army member @SHIBKIND, marked a significant moment in Shibarium’s growth, underscoring the community’s unwavering trust and enthusiasm for this expanding technology. Shibarium aims to revolutionize the Shiba Inu network by enhancing scalability and efficiency, enabling faster and cheaper transactions while alleviating congestion on the Ethereum mainnet. The - [The Data Ownership Protocol: Empowering Users in the Web3 Era](https://news.shib.io/2024/07/11/the-data-ownership-protocol-empowering-users-in-the-web3-era/): In an era where data holds significant value, a notable development is taking shape in the blockchain universe. The Data Ownership Protocol (DOP) emerges as a promising solution, aiming to restore control of digital sovereignty to users in an increasingly decentralized world. Addressing the Web3 Challenge DOP is a noteworthy project, addressing one of the key concerns in the decentralized space: user control over personal data. The Web3 vision introduces a new internet era, one where users have greater control over their data and digital assets. However, this vision faces a considerable challenge. The inherent transparency of most blockchain networks - [KNINE Officially Launches on ShibaSwap After Validator Node Goes Live On Shibarium](https://news.shib.io/2024/07/11/knine-officially-launches-on-shibaswap-after-validator-node-goes-live-on-shibarium/): KNINE, the native token of K9 Finance, the official liquid staking platform on the Shibarium blockchain, is now officially available on ShibaSwap, the prominent Shiba Inu DEX. This landmark event marks a significant milestone in the project’s roadmap and further strengthens its ties within the Shiba Inu ecosystem. Buzz, the pseudonymous founder and developer of K9 Finance, emphasized the strategic importance of the launch, in an exclusive statement to The shib Daily. “The launch on ShibaSwap memorializes our official launch as a Shibarium-supported token and is an important step in our roadmap to allow KNINE to be staked on Shibarium - [Breaking Free!](https://news.shib.io/2024/07/10/breaking-free/): Read the latest edition of The Shib magazine here. - [Shiba Inu's Shifting Tides: Exchange Reserves and Bullish Sentiment Fuel Recovery Speculation](https://news.shib.io/2024/07/10/shiba-inus-shifting-tides-exchange-reserves-and-bullish-sentiment-fuel-recovery-speculation/): The Shiba Inu (SHIB) market is displaying intriguing dynamics, as fluctuations in exchange reserves and a surge in buying activity from large investors hint at a potential price recovery.  While the cryptocurrency market remains inherently volatile, recent data and analyses suggest a growing bullish sentiment surrounding the popular meme coin. Recent analysis of the SHIB exchange reserve chart from on-chain and market data analytics provider CryptoQuant revealed a recent decrease followed by a subsequent increase over the past week.  Last Wednesday, a notable dip in the reserve suggested a bullish sentiment as investors potentially withdrew SHIB from exchanges for long-term - [Web3 Promise and Perils: An Exclusive Interview with Anndy Lian](https://news.shib.io/2024/07/10/web3-promise-and-perils-an-exclusive-interview-with-anndy-lian/): Web3: buzzword or breakthrough? Skeptics dismiss it as a passing fad, while proponents herald it as the next internet revolution. In this candid conversation, we challenge Anndy Lian, a leading voice in the blockchain community, an Intergovernmental Blockchain Expert and Best-Selling Author, to address the doubts and concerns surrounding Web3. Lian shared his insights on the technological, regulatory, and adoption challenges that Web3 faces, while also highlighting the transformative potential it holds for industries, economies, and our digital experiences. The Shib: In your own words, what is Web3, and what are the key distinctions between Web3  and the current internet - [Shibtoshi on Web3: Revolution or Hype? An Exclusive Interview](https://news.shib.io/2024/07/10/shibtoshi-on-web3-revolution-or-hype-an-exclusive-interview/): The internet as we know it is evolving. Web3, the decentralized web powered by blockchain technology, is poised to disrupt traditional power structures and give users greater control over their digital lives. But is this the dawn of a new internet era, or just another tech fad? In this exclusive interview, The Shib talks to Shibtoshi, the pseudonymous CEO and founder of SquidGrow, to discuss the potential, challenges, and future of Web3. Shibtoshi, an early adopter and passionate advocate of cryptocurrency, shares his insights on how Web3 will transform industries, redefine ownership, and empower users. He also addresses the critical - [Interview - DevourGO CEO Shelly Rupel on 'Turning Every Meal Into an Adventure'](https://news.shib.io/2024/07/10/interview-devourgo-ceo-shelly-rupel-on-turning-every-meal-into-an-adventure/): We covered DevourGO recently when it made waves in the cryptosphere when the first ever Web3 food delivery paid entirely with $SHIB was completed on the platform. The food ordering marketplace stands out with a laser-focused Web3 vision and catchy programs that leverage the unique possibilities offered by blockchain technology to endear itself to its users and build a thriving and loyal community. DevourGO already serves over 78,000 locations across the United States and plans to expand to Canada later this year. But rather than resting on those achievements, like a true Web3 disruptor, it is already plotting its global - [Bitcoin Maxi Advocates for SHIB ETF to Mock the SEC](https://news.shib.io/2024/07/10/bitcoin-maxi-advocates-for-shib-etf-to-mock-the-sec/): A prominent Bitcoin maximalist is calling for the approval of exchange-traded funds (ETFs) for meme coins like Shiba Inu (SHIB), in response to the recent approval of an ETF that bets against Coinbase stock.  The call, framed as a mockery of the U.S. Securities and Exchange Commission (SEC), comes as Coinbase awaits a decision from the Commodity Futures Trading Commission (CFTC) on its filings for futures products tied to SHIB and other cryptocurrencies. Fred Krueger, a Bitcoin maxi with a Ph.D. from Stanford, took to X to express his frustration with the SEC’s seemingly contradictory stance on crypto-related financial products. - [Shiba Inu Whales Drive Market Momentum Amid Promising Trends](https://news.shib.io/2024/07/10/shiba-inu-whales-drive-market-momentum-amid-promising-trends/): Major Shiba Inu (SHIB) holders, often referred to as “whales,” are making significant moves in the market, signaling a potential shift in the meme coin’s trajectory. Recent data suggests that these influential investors are accumulating SHIB, fueling optimism for a price recovery. Last Friday, Shiba Inu experienced a surge in large transactions, those exceeding $100,000 in value, with a total of 4.29 trillion SHIB changing hands. This marked the highest single-day volume in nearly two weeks, sparking speculation about the motivations behind this whale activity. Further analysis of on-chain data revealed a predominantly bullish trend. While some whales were selling, - [Shiba Inu's TREAT: A New Token Soon and Global 'Treat Yourself' Tour](https://news.shib.io/2024/07/09/shiba-inus-treat-a-new-token-soon-and-global-treat-yourself-tour/): Shiba Inu’s lead developer Shytoshi Kusama recently made a significant announcement for the Shiba Inu community, unveiling a two-fold surprise: the imminent launch of the TREAT token and a global “Treat Yourself” tour.  This news, shared via an X post, has ignited excitement within the community and sheds light on the future of the Shiba Inu ecosystem. In his statement, Kusama revealed that the TREAT token, designed as an access key to advanced features within the Shiba Inu ecosystem, is set to be released soon. This token will complement the existing SHIB, BONE, and LEASH tokens, each with distinct roles - [Shiba Inu's Shytoshi Kusama Asserts that SHIB 'Still A Puppy'](https://news.shib.io/2024/07/09/shiba-inus-shytoshi-kusama-asserts-that-shib-still-a-puppy/): Shiba Inu, the popular cryptocurrency that rocketed from meme coin underdog to top 10 contender, might seem like a seasoned player in the crypto arena. However, its enigmatic lead developer Shytoshi Kusama recently challenged this perception, likening the project to a spirited puppy with a long journey ahead. In a recent X post, Kusama shared insights from a trip to Kyoto for the IVS conference, where a chance encounter with a Maiko (apprentice Geisha) sparked a powerful analogy. The Maiko, despite her early stage of training, held a revered status as one of only 50 individuals in Japan pursuing mastery - [ShibaCon 2024: Shytoshi Kusama Delivers on Ryoshi's Shiba Inu Dream](https://news.shib.io/2024/07/09/shytoshi-kusama-delivers-on-ryoshis-shiba-inu-dream-shibacon-2024/): Shiba Inu’s lead developer Shytoshi Kusama announced the inaugural ShibaCon 2024, a Shiba Inu-themed conference in Bangkok, fulfilling a long-held vision of the project’s enigmatic creator Ryoshi.  This significant milestone, shared via an X post, has ignited excitement within the Shib Army and underlined Shiba Inu’s continued growth and commitment to community-driven initiatives. “And make a final stop in Thailand at SHIBACON 2024!” Kusama exclaimed in his announcement. “Yes, you heard that right; we’re throwing our own con in Bangkok around the same time as DevCon. We will soon open the floor for speakers and sponsors to our very own - [Investment Surge: $441M Inflows Recorded in Digital Asset Funds Amid 'Price Weakness'](https://news.shib.io/2024/07/08/investment-surge-441-million-in-inflows-recorded-in-digital-asset-funds-amid-price-weakness/): Despite negative market sentiment, digital asset funds have attracted $441 million in capital inflows as per the latest data by CoinShares Head of Research James Butterfill. Investors sent $398 million to Bitcoin, the leading cryptocurrency by market cap, with Solana and Ethereum seeing $16 million and $10 million in inflows, respectively. Butterfill noted in his blog post that there has been a change in sentiment toward Ethereum, evidenced by a $10 million influx, yet it remains the sole exchange-traded product (ETP) with net outflows for the year. “Bitcoin saw US$398m inflows but unusually represented just 90% of total inflows as - [Shibarium Bridge: $KNINE, $FUND Come Home To Shibarium](https://news.shib.io/2024/07/08/shibarium-bridge-knine-fund-come-home-to-shibarium/): The tokens $KNINE and $FUND have officially transitioned to Shibarium, Shiba Inu’s Layer-2 scaling solution, marking a significant milestone in the evolution of the decentralized finance (DeFi) ecosystem. The Shibarium Bridge, a technological marvel that seamlessly connects Ethereum’s mainnet to Shibarium, has facilitated this recent development, ensuring smooth integration and operational efficiency for these pioneering projects. Shibarium has become a beacon for innovation, drawing a diverse range of projects into its fold. The catalyst for this latest development involving the integration of several tokens to Shiba Inu’s layer-2 scalability solution is the Shibarium Bridge, a technological marvel that seamlessly connects - [Exclusive: K9 Finance Validator Node Goes Live on Shibarium](https://news.shib.io/2024/07/08/exclusive-k9-finance-validator-node-goes-live-on-shibarium/): K9 Finance, the official liquid staking derivatives (LSD) platform of Shibarium, Shiba Inu’s innovative layer-2 scalability solution, has achieved a major milestone by activating its K9 DAO validator node on the Shibarium mainnet. This achievement, marking K9 Finance as the 13th official validator on the network, underscores the project’s dedication to bolstering the security and decentralization of the Shibarium ecosystem. In an exclusive interview with The Shib Daily, Buzz, the pseudonymous founder and developer of K9 Finance, emphasized the significance of this development. “Becoming a validator is an honor,” he said, highlighting the critical role validators play in ensuring the - [Bitcoin Decoupling from BTC ETFs Signals Shifting Market Dynamics](https://news.shib.io/2024/07/08/bitcoin-decoupling-from-btc-etfs-signals-shifting-market-dynamics/): Bitcoin’s recent price decline, ending the week 11% lower at $55,850, reveals an intriguing shift in market dynamics. Despite the significant drawdown, Bitcoin Spot ETFs have witnessed robust inflows, showcasing a remarkable disconnect from the coin’s price action. Matteo Greco, a research analyst at the publicly listed digital asset and fintech investment business Fineqia International, highlighted this unprecedented divergence in a note sent to The Shib Daily. “For the first time since their inception, there is a noticeable decoupling between price action and capital flows,” he explained, referring to Bitcoin ETFs.  Bitcoin’s rollercoaster week ended with the coin settling at - [Shiba Inu On The Prowl: SHIB to Hit New All-Time High, Analysts Predict](https://news.shib.io/2024/07/08/shiba-inu-on-the-prowl-shib-to-hit-new-all-time-high-analysts-predict/): Industry analysts and traders, in a surge of optimism, predict that Shiba Inu (SHIB) is on track to reach a new all-time high based on strong signs driven by robust community support, strategic investments and favorable market dynamics. Crypto analyst Andrew Kang recently shared his belief that most altcoins have peaked for the cycle, with the potential exception of a few that might reach new highs in late 2024 or early 2025. “I believe 98%+ of altcoins topped for the cycle except for maybe a handful of coins that may make some new highs in Q4 2024/Q1 2025. Bitcoin I - [Exclusive: A Shib Army Member Recounts His Surprise Meeting With Shytoshi Kusama in Japan](https://news.shib.io/2024/07/07/exclusive-a-shib-army-member-recounts-his-surprise-meeting-with-shytoshi-kusama-in-japan/): Shytoshi Kusama, a cryptic figure in the shadows of the digital realm, has long orchestrated the destiny of the Shiba Inu cryptocurrency project. His tweets, enigmatic riddles cloaked in wit and wisdom, have tantalized and bewildered the crypto community. Even his blog posts, labyrinthine narratives filled with hidden meanings, have become the subject of fervent speculation and debate among the Shib Army. For the Shib Army, the passionate community around the world’s second-largest dog-themed crypto phenomenon, Shy is more than just a developer; he is their visionary leader, a shepherd guiding them towards a decentralized future. Yet, he remained a phantom, - [Shytoshi Kusama Wraps Up Epic Japan Meet and Greet, Next Stop Mumbai!](https://news.shib.io/2024/07/07/shytoshi-kusama-wraps-up-epic-japan-meet-and-greet-next-stop-mumbai/): Following the enthusiastic reception in Kyoto, Kusama took to X to announce his next destination: Mumbai, India. “Thank you, Kyoto! Great event IVS! Next stop… Mumbai!,” the cryptic message read. Read the full story here.  - [Shiba Inu On Track To Over 400% Price Rally, Could Soar to $0.000081 Crypto Analyst Predicts](https://news.shib.io/2024/07/06/shiba-inu-on-track-to-over-400-price-rally-could-soar-to-0-000081-crypto-analyst-predicts/): Shiba Inu is reportedly on track for a remarkable price rally of over 400%, potentially soaring to $0.000081, according to the latest forecast by a renowned analyst. This bullish forecast suggests a staggering over 405% run from its current value, potentially leading to a more than fivefold increase in the meme coin’s price. This target would bring SHIB close to its all-time high of $0.00008616, recorded in October 2021. The prediction, shared on X by the analyst who uses the handle @JavonTM1 more popularly known as JAVONMARKS’ over 40,000 followers, is based on technical analysis. They highlighted a key resistance - [Shytoshi Kusama Wraps Up Epic Japan Meet and Greet, Shiba Inu Eyes Mumbai Next!](https://news.shib.io/2024/07/06/shytoshi-kusama-wraps-up-epic-japan-meet-and-greet-shiba-inu-eyes-mumbai-next/): Shytoshi Kusama ends a historic meet and greet in Japan, announcing that Mumbai will be his next destination. Kusama, the pseudonymous lead developer of Shiba Inu crypto project, has successfully concluded a historic meet and greet at the Infinity Ventures Summit (IVS) in Kyoto. The event marked a significant milestone for the Shiba Inu community, offering a rare opportunity for enthusiasts to connect with the enigmatic figurehead.  The meet and greet provided a platform for open dialogue, allowing attendees to gain insights into the project’s future direction and the vision behind the Shiba Inu ecosystem. Following the enthusiastic reception in - [The Weekly Meme Digest - July 6, 2024](https://news.shib.io/2024/07/06/the-weekly-meme-digest-8/): Buckle Up, Degens: This Week’s Crypto Coaster is a Wild Ride! 🎢 Welcome back, my fellow crypto connoisseurs, to the Weekly Meme Digest – your one-stop shop for all things chaotic, comical, and downright cringe in the cryptosphere! This week’s edition is a rollercoaster you won’t want to miss, with twists, turns, and drops that’ll leave you breathless. So grab your Lambo keys and a bag of popcorn, because things are about to get spicy! 🌶️ First up, we’ve got Elon Musk allegedly moonlighting as a crypto scammer with an AI-generated video that’s so convincing, it’ll make you question reality - [Celsius Claws Back: Crypto's Withdrawal Roulette](https://news.shib.io/2024/07/06/celsius-claws-back-cryptos-withdrawal-roulette/): Hold onto your hats, crypto comrades, because Celsius is taking the concept of “rug pull” to a whole new level! 🤯 The bankrupt lending platform, in a move that’s raising eyebrows and blood pressure across the cryptoverse, is reportedly suing thousands of customers who had the audacity to withdraw their OWN FUNDS 💰 before the company imploded. 💥 Think of it this way: You’re a savvy crypto investor 🧠, you see the writing on the wall at Celsius (or maybe you just got a lucky hunch 😉), and you pull your funds before the whole thing goes belly up. You - [Bitcoin With a Bloody Nose: Are Paper Hands Feeding the Whales?](https://news.shib.io/2024/07/06/bitcoin-with-a-bloody-nose-are-paper-hands-feeding-the-whales/): Buckle up, buttercup, because Bitcoin’s taking a beating! 🤕 The king of crypto has stumbled below $55K, leaving a trail of panic and FUD in its wake. Paper hands are shaking like a leaf in a hurricane, while whales are gleefully scooping up cheap BTC like it’s Black Friday. 🤑 Whispers in the cryptoverse suggest that Germany is quietly offloading its Bitcoin stash, while Mt. Gox creditors gear up to unleash a torrent of BTC. 🤫 Miners, meanwhile, are feeling the heat as profits evaporate. Is this the apocalypse for Bitcoin, or just another hurdle to overcome? 🤔 Plot Twist! - [The Bankman-Fried Saga: When Political Donations Become a Family Affair](https://news.shib.io/2024/07/06/the-bankman-fried-saga-when-political-donations-become-a-family-affair/): Move over, Wolf of Wall Street, there’s a family of alleged financial schemers in town, and they’re playing with crypto, not stocks. 🤯 The Bankman-Frieds, once revered as crypto royalty, are now in the hot seat, their alleged political puppeteering laid bare by a trove of emails seen by The Wall Street Journal. Sam Bankman-Fried, the disgraced FTX founder, wasn’t acting alone in his political power play. Oh no, his whole family was reportedly moonwalking their way into Washington’s heart (and wallet). Brother Gabriel, the self-proclaimed Donation Maestro, allegedly curated a list of Democratic politicians, showering them with FTX funds - [German MP's Bitcoin Plea Under the Microscope, Motives Questioned](https://news.shib.io/2024/07/06/german-mps-bitcoin-plea-under-the-microscope-motives-questioned/): Prost! It’s not just Oktoberfest brews causing a stir in Germany. Strap on your Lederhosen and get ready for a crypto comedy that’s more entertaining than a Bavarian yodeling contest. This week, Member of Parliament Joana Cotar criticized the German government’s decision to sell off its Bitcoin holdings, calling it “counterproductive.” She argues that Bitcoin, already being considered as a strategic reserve currency in the U.S., should be held, not sold. Cotar has invited prominent figures, including Finance Minister Christian Lindner and Chancellor Olaf Scholz, to a lecture on “Bitcoin Strategies for Nation States” on October 17, featuring Bitcoin expert - [Crypto Scammers Level Up With AI-Generated Elon Musk Video](https://news.shib.io/2024/07/06/crypto-scammers-level-up-with-ai-generated-elon-musk-video/): Crypto scammers are getting creative with a much too literal kind of degeneracy. And this time, their weapon is an ingenious combination of an Elon Musk façade and AI. 😱 Can you believe it? It’s just exactly as he feared and talked about a while ago when he said, “I’m increasingly inclined to think that there should be some regulatory oversight, maybe at the national and international level, just to ensure we don’t do something very foolish. I mean, with artificial intelligence, we’re summoning the demon.” Talk about manifesting! 🧘🏼‍♂️😬 So let’s just say the demon has been summoned to - [Crypto Crash: Factors Contributing to Ongoing Market Slump Explored](https://news.shib.io/2024/07/05/crypto-crash-factors-contributing-to-ongoing-market-slump-explored/): The cryptocurrency market has come under selling pressure, indicating an increase in negative sentiment among investors. Reports from multiple sources show that the market lost more than $170 billion in total market value. The recent drop has caused heartburn among market players, with the question on top of everyone’s mind being how much longer it will last. One potential factor contributing to the situation is the pressure on Bitcoin, the world’s largest cryptocurrency, as Mt. Gox started repayments to its users. The collapsed Bitcoin exchange owes around $9 billion to its customers. Bitcoin’s price fell by 8% on Friday to - [While You Panic Sell, A Crypto Whale Buys The Dip, Snapping Up Nearly $10 Million in SHIB](https://news.shib.io/2024/07/05/while-you-panic-sell-a-crypto-whale-buys-the-dip-snapping-up-nearly-10-million-in-shib/): As panic selling grips the cryptocurrency market, a major crypto whale has made a strategic move, investing a staggering $120 million in various digital assets, including a significant stake in Shiba Inu (SHIB). On-chain data from blockchain analytics tool LookOnChain reveals that the whale acquired 583.78 billion Shiba Inu tokens, valued at around $9.68 million, in a single transaction. This move, amidst a broader market downturn, highlighted the confidence some large investors have in the long-term potential of certain cryptocurrencies. The whale’s investment strategy aligns with the common adage “buy the dip.” While many retail investors are succumbing to fear - [Shytoshi Kusama's First Public Appearance: Shib Army Japan Floods X with Photos and Videos](https://news.shib.io/2024/07/05/shytoshi-kusamas-first-public-appearance-shib-army-japan-floods-x-with-photos-and-videos/): The pseudonymous Shiba Inu project lead Shytoshi Kusama captivated the Shib Army in Japan during his first public appearance at the IVS Conference in Kyoto. Photos and videos of Kusama taken by Shib Army members quickly went viral within the Shiba Inu community. Just as Kusama revealed in his tweet on Thursday, he showed up at the Shiba Inu booth and interacted with the Shib Army and other crypto enthusiasts, albeit still not revealing his identity. The mysterious Shiba Inu leader appeared in what resembles a black haori samurai ensemble and a Batman-style mask. Shiba Inu marketing lead Lucie shared - [EXCLUSIVE: IRS Cracks Down on Crypto Tax Evasion: What Crypto Bros Need to Know](https://news.shib.io/2024/07/05/exclusive-irs-cracks-down-on-crypto-tax-evasion-what-crypto-bros-need-to-know/): The Biden administration’s recently finalized crypto reporting rules bring significant changes for cryptocurrency investors, marking a pivotal shift in tax compliance for the digital asset market. Set to take effect in 2025, these stringent regulations by the U.S. Department of the Treasury and the IRS aim to ensure accurate reporting of crypto gains and losses, directly impacting both retail investors and crypto brokers. Last Friday, the Internal Revenue Service (IRS) has unveiled the crypto reporting rules aimed at curbing tax evasion. The new regulations mandate that crypto brokers report digital asset sales and exchanges to the IRS, to ensure accurate - [South Korean Crypto Alliance DAXA Reveals Token Review Guidelines Under New Investor Protection Law](https://news.shib.io/2024/07/04/south-korean-crypto-alliance-daxa-reveals-token-review-guidelines-under-new-investor-protection-law/): The Digital Asset Exchange Association (DAXA), an industry body comprising five major South Korean exchanges, has revealed the details of its proposed assessment of 1,333 digital assets spanning six months in compliance with South Korea’s new investor protection laws, which will be enforced starting on July 19. This review, which has been in the pipeline for months, aims to mitigate potential mass delistings under the new regulations. Twenty South Korean crypto exchanges, including leading platforms Bithumb and Upbit, are mandated to evaluate the cryptocurrencies listed on their platforms to follow the guidelines set forth by the Protection of Virtual Asset - [Shiba Inu's Shytoshi Kusama to Reveal Identity? Announces Meet and Greet with Shib Army in Japan](https://news.shib.io/2024/07/04/shiba-inus-shytoshi-kusama-to-reveal-identity-announces-meet-and-greet-with-shib-army-in-japan/): Shytoshi Kusama, the pseudonymous lead developer behind the popular Shiba Inu cryptocurrency project, has sent the crypto community into a frenzy with his recent announcement of a meet-and-greet with the Shib Army at the upcoming IVS (Infinity Ventures Summit) in Kyoto, Japan. However, whether this event will truly mark the unveiling of Kusama’s identity or is yet another cryptic message from the enigmatic developer remains a subject of intense speculation. The announcement, made via an X (formerly Twitter) post, promises a historic moment for the Shiba Inu community. Kusama has been a shadowy figure since the project’s inception, and his - [Crypto Mogul Justin Sun Offers Lifeline to Bitcoin Amid German Government Sell-Off](https://news.shib.io/2024/07/04/crypto-mogul-justin-sun-offers-lifeline-to-bitcoin-amid-german-government-sell-off/): Crypto billionaire Justin Sun steps up to soften the impact of the German government’s Bitcoin (BTC) dump by negotiating to purchase the BTC off-market. Sun, the founder of Tron and a prominent figure in the cryptocurrency industry, made a significant announcement amid the recent market turmoil. Following the German government’s offloading of another 1,300 BTC to major crypto exchanges, Sun expressed his willingness to negotiate with German authorities to buy all the BTC off-market via an X post.  “I am willing to negotiate with the German government to purchase all BTC off-market in order to minimize the impact on the - [KNINE Token Skyrockets in Visibility with Premier Market Data Platform Integration](https://news.shib.io/2024/07/04/knine-token-skyrockets-in-visibility-with-premier-market-data-platform-integration/): K9 Finance, the official partner of Shiba Inu, has just made a major move to boost its presence in the crypto world with a recent integration of its native token, KNINE, into a popular crypto market data aggregator, opening the door to a massive new audience of potential investors and users. The official X account of K9 Finance DAO announced the latest development on the social media platform and highlighted the significance of this integration. “The $KNINE token is integrated into CoinPaprika! This means better tracking and wider exposure for K9 Finance DAO! More👀on K9 Finance DAO 👇 ➡️Market data: More - [BitMEX Index Inclusion Boosts SHIB ETF Prospects](https://news.shib.io/2024/07/04/bitmex-index-inclusion-boosts-shib-etf-prospects/): The Shiba Inu Army’s aspirations for a Shiba Inu Exchange Traded Fund (SHIB ETF) have received a significant boost with SHIB’s recent inclusion in BitMEX’s innovative MEMEMEXTUSDT index, a basket of top-performing meme coins. BitMEX, the Seychelles-headquartered cryptocurrency exchange and derivatives trading platform co-founded by Arthur Hayes, unveiled the BitMEX Meme Basket Index Perp on Thursday. It is a groundbreaking financial instrument designed to track the performance of the top 10 meme coins, which it described as “the S&P500 for crypto memecoins.” BitMEX explained, “With Basket Index perps, traders can speculate on the overall performance of a segment of the - [Shiba Inu Bullish Signals Intensify: Traders Eye Potential Breakout as Accumulation Nears End](https://news.shib.io/2024/07/04/shiba-inu-bullish-signals-intensify-traders-eye-potential-breakout-as-accumulation-nears-end/): The Shiba Inu (SHIB) market is flashing bullish signals, as prominent crypto traders observe a potential end to the recent accumulation phase. This development, coupled with other positive indicators, has led to speculation of an impending price breakout for the popular dog-themed altcoin. Crypto trader @Gem_Sheriff, also known as Crypto Sheriff on X, recently highlighted that despite a substantial price rally, investors continued to accumulate SHIB. The trader also noted that low Relative Strength Index (RSI) values suggested Shiba Inu might be oversold, potentially indicating an undervaluation. These factors combined led to speculation that SHIB might be ready to transition - [Homecoming!](https://news.shib.io/2024/07/03/homecoming/): Read the latest edition of The Shib magazine here. - [Interview/Anndy Lian - Ethereum's Layer 2 Shift: The Future is Brimming with Potential](https://news.shib.io/2024/07/03/interview-anndy-lian-ethereums-layer-2-shift-the-future-is-brimming-with-potential/): Ethereum’s infamous congestion is becoming a distant memory as Layer 2 solutions come online. The L2s are designed to unleash a new era of blockchain speed, affordability, and innovation, with the potential to reshape industries and revolutionize how we interact with digital assets. We spoke with Anndy Lian, an influential blockchain expert, best-selling author, and dynamic business strategist,  for a deep dive into this transformative technology. The Shib: Ethereum’s scalability challenges have been a major roadblock to mass adoption. How do you see Layer 2 solutions not only addressing these issues but also unlocking new possibilities for the blockchain industry - [Interview/Taha Abbasi – The Layer 2 Future: A Crypto CTO's Roadmap for Ethereum's Next Era](https://news.shib.io/2024/07/03/interview-taha-abbasi-the-layer-2-future-a-crypto-ctos-roadmap-for-ethereums-next-era/): Ethereum, the blockchain behind countless decentralized applications and digital assets, was once on the brink of irrelevance due to its notorious scalability issues. However, Layer 2 (L2) solutions have emerged as a saving grace, not only addressing these problems but also opening up a raft of new possibilities. In this exclusive interview with The Shib Daily, Taha Abbasi, CTO and co-creator of blockchain engineering powerhouse Ferrum Labs, reveals how L2s are transforming Ethereum and the broader crypto landscape. Abbasi, a seasoned tech veteran with a background at National Geographic, Apple, and NASA, offers a unique perspective on the challenges and - [EXCLUSIVE: Shiba Inu Unleashes Documentation Overhaul, Hints at Major Upgrades Soon](https://news.shib.io/2024/07/03/exclusive-shiba-inu-unleashes-documentation-overhaul-hints-at-major-upgrades-soon/): Shiba Inu has unleashed a sweeping overhaul of its documentation platform, igniting fervent anticipation within its vibrant community for a cascade of groundbreaking upgrades. The Shiba Inu community was abuzz this week with reports of a significant update to the project’s documentation, particularly for the layer-2 scalability solution Shibarium. This strategic shift, although initially flying under the radar for many, marks a major milestone for the Shiba Inu ecosystem.  The team has migrated to a new documentation platform — a move poised to empower both users and contributors, fostering a more inclusive and dynamic environment for knowledge sharing and technical - [Shiba Inu's Shytoshi Kusama Discloses Agenda for Japan Visit](https://news.shib.io/2024/07/03/shiba-inus-shytoshi-kusama-discloses-agenda-for-japan-visit/): Shytoshi Kusama, the pseudonymous lead developer of the Shiba Inu (SHIB) project, recently revealed the agenda for his visit to Japan in a series of posts on social media platform X.  The visit was described by Shy (as he is fondly called by the Shib Army) as a “dream come true,” aimed at engaging with “the brightest minds” in Japan to discuss the future of Shib, the transition from Web2 to Web3, and other related topics. Kusama, known for his cryptic messages and enigmatic persona, expressed his gratitude for the opportunity to visit Japan, a country that played a significant - [Bone ShibaSwap Expands Reach With Unique Market Offering](https://news.shib.io/2024/07/03/bone-shibaswap-expands-reach-with-unique-market-offering/): Bone ShibaSwap (BONE), in a significant development for the Shiba Inu ecosystem, took a major step toward broader market participation with the listing of the BONEUSDT perpetual contract on the Web3 crypto exchange SuperEx today. This latest development, announced on Wednesday via the exchange’s official X account, introduced a new avenue for traders and investors to engage with the BONE token, potentially increasing its liquidity and visibility within the cryptocurrency landscape. “Dear SuperExers: SuperEx will list the BONEUSDT perpetual contract trading pair, details are as follows: Trading Pair: BONEUSDT Trading Time: July 3, 2024, 03:00 (UTC) Underlying asset: BONE Settlement - [Shiba Inu Soars to New Heights as Global Travel Agency Accepts SHIB as Payment](https://news.shib.io/2024/07/02/shiba-inu-soars-to-new-heights-as-global-travel-agency-accepts-shib-as-payment/): Shiba Inu continues its remarkable journey towards mainstream adoption, taking flight in the travel industry as the popular meme coin is now accepted as a form of payment by international travel agency Block.Travel. Block.Travel, which operates globally with a presence in Spain and Argentina, allows users to book flights, hotels, and other travel services using SHIB, along with other cryptocurrencies. This marks a significant milestone for both the Shiba Inu community and the broader crypto world, demonstrating the growing acceptance and utility of digital assets in everyday transactions. Xanders, a prominent figure in the Shiba Inu community, played a pivotal - [Shiba Inu Marketing Lead Teases 'Big Prize Pool' For Shibarium](https://news.shib.io/2024/07/02/shiba-inu-marketing-lead-teases-big-prize-pool-for-shibarium/): Shiba Inu marketing lead, Lucie, is stirring up excitement within the “Shib Army” with the tantalizing promise of a “Big Prize Pool” specifically for users of Shibarium, the project’s new layer-2 scaling solution. The announcement came via an X post, where @LucieSHIB revealed that the Discord Shibarium team, with the backing and funding of the Shiba Inu developers, is organizing the giveaway. The team is currently exploring the most convenient method to distribute the prize to all eligible users. “There is a big prize pool for summer on #Shibarium! $2000 for #Shibarium users. We are still deciding how to make - [K9 Finance Exceeds Expectations, Secures Major Milestone With Global CEX Integration](https://news.shib.io/2024/07/02/k9-finance-exceeds-expectations-secures-major-milestone-with-global-cex-integration/): K9 Finance has shattered expectations by securing a major integration with global cryptocurrency exchange giant Coinbase. This landmark achievement not only marks a significant milestone in the project’s roadmap but also demonstrates the team’s ability to surpass their ambitious goals. Earlier this week, K9 Finance took to X (formerly Twitter) to announce the integration of $KNINE with Coinbase Wallet. In its post, the team highlighted the enhanced ease and accessibility this integration provides for $KNINE holders, who can now manage their tokens directly within Coinbase Wallet. The integration with Coinbase Wallet comes on the heels of a series of impressive - [Vitalik Buterin Urges Transparency in Crypto Regulation, Criticizes 'Anarcho-Tyranny' by Regulators](https://news.shib.io/2024/07/02/vitalik-buterin-urges-transparency-in-crypto-regulation-criticizes-anarcho-tyranny-by-regulators/): Ethereum co-founder Vitalik Buterin voiced concerns over the current state of cryptocurrency regulation, particularly in the United States, calling for increased transparency and best practices while criticizing what he termed “anarcho-tyranny” among regulators. In a recent post on the decentralized social media platform Warpcast, Buterin highlighted a regulatory paradox where projects offering vague promises and unclear returns face less scrutiny than those providing clear explanations and customer rights. He argued that this situation incentivizes the creation of “useless” products and services, hindering genuine innovation in the crypto space. Buterin contended that this “anarcho-tyranny” – a combination of regulatory ambiguity and - [Biden Admin Finalizes Stricter New Crypto Reporting Rules to Stop Tax Evasion](https://news.shib.io/2024/07/02/biden-admin-finalizes-stricter-new-crypto-reporting-rules-to-stop-tax-evasion/): The Biden administration has revealed the finalized crypto reporting rules, introducing strict measures to combat tax evasion starting in 2025. Last Friday, the U.S. Department of the Treasury and the IRS unveiled new regulations aimed at ensuring that American taxpayers accurately report their cryptocurrency gains and losses. These rules, set to take effect in calendar year 2025, mandate that crypto brokers, including exchanges and payment processors, report digital asset sales and exchanges to the IRS. The new reporting requirements aim to ensure that Americans file accurate taxes on digital asset transactions. This initiative is part of a broader effort to - [Shibarium Achieves New Milestones, Surges with 100% Spike in Daily Transactions](https://news.shib.io/2024/07/02/shibarium-achieves-new-milestones-surges-with-100-spike-in-daily-transactions/): Shibarium experienced a significant surge in activity, with daily transactions doubling and several key metrics reaching new milestones. Shibarium, the layer-2 scalability solution of the Shiba inu crypto project continued to showcase impressive performance evidenced by several metrics. Recent data from Shibarium blockchain explorer Shibarium Scan showed that the total number of blocks processed on the Shibarium network surpassed 5.5 million, showcasing the platform’s growing capacity and usage.  Additionally, the total number of transactions neared an impressive 420 million, while wallet addresses exceeded 1.8 million. These figures demonstrate the increasing adoption and utilization of Shibarium by the cryptocurrency community.  Notably, - [Shiba Inu Defies Market with Massive Surge In Large-Transactions and Token Burning](https://news.shib.io/2024/07/02/shiba-inu-defies-market-with-massive-surge-in-high-transaction-volume-and-token-burning/): Shiba Inu defies market trends with a triple-digit uptrend in the volume of large transactions and amid the massive token burning initiatives within the ecosystem. Shiba Inu (SHIB), the world’s second-largest dog-themed altcoin by market capitalization, has seen interesting developments this week. Recent data from on-chain analytics firm IntoTheBlock revealed a notable 181% jump in large transactions for SHIB, highlighting heightened interest in the meme coin.   This suggests that there is heightened interest in SHIB, with more substantial transactions taking place. This surge in activity correlated with a 65% increase in daily active addresses within a 24-hour period, indicating growing - [China's Paradox: No to Crypto, Yes to Blockchain](https://news.shib.io/2024/07/01/chinas-paradox-no-to-crypto-yes-to-blockchain/): Since China’s blanket ban on crypto transactions in late 2017, it has been clear in its approach toward cryptocurrency. The Chinese authorities persist in their belief that decentralized digital currencies are more harmful than beneficial. The concern arises from the tendency of cryptocurrencies to mask capital outflows, a behavior that Chinese regulators seek to limit, as well as their association with money laundering. Despite stringent measures placed on crypto trading, the country shows ongoing support for blockchain technology as a fundamental tool for driving innovation in fields such as digital identity, supply chain management, and transborder payments. Ant Group: Increased - [Whispers from the East: Shytoshi Kusama in Secret Journey to Shiba Inu's Home in Japan](https://news.shib.io/2024/07/01/whispers-from-the-east-shytoshi-kusama-in-secret-journey-to-shiba-inus-home-in-japan/): Shytoshi Kusama, the pseudonymous lead developer of the Shiba Inu (SHIB) cryptocurrency project, is reportedly in Japan.  Whispers within the Shiba Inu community suggest that Shy, as he is affectionately called by the Shib Army, has quietly made his way back to Shiba Inu’s homeland. Although unconfirmed by Shy himself, a series of cryptic clues and insider information indicate that the enigmatic developer, after landing in Nice, France, has now arrived in the Land of the Rising Sun. This leak, which originated from high-level insiders within the Shiba Inu team, raised questions and sparked curiosity about the motives behind this - [Coinbase Secures Landmark Deal with U.S. Marshals Service for Crypto Custody and Trading](https://news.shib.io/2024/07/01/coinbase-secures-landmark-deal-with-u-s-marshals-service-for-crypto-custody-and-trading/): The U.S. Marshals Service (USMS), a division of the U.S. Department of Justice tasked with asset forfeiture, has selected Coinbase Prime as its preferred custodian and trading partner for its “Class 1” (large cap) digital assets. This landmark decision marks a significant step in the growing acceptance and institutional adoption of cryptocurrencies. The USMS initiated a competitive due diligence process earlier this year, evaluating various solutions for managing and disposing of substantial quantities of popular cryptocurrencies, as announced in March by the Asset Forfeiture Division (AFD). The goal was to streamline custody, management, and disposal processes while diversifying the types - [Shiba Inu Holders Show Diamond Hands, Bulls Mount Nearly $49M Buy Orders Amid Trading Lull](https://news.shib.io/2024/07/01/shiba-inu-holders-show-diamond-hands-bulls-mount-nearly-49m-buy-orders-amid-trading-lull/): Shiba Inu holders are showcasing their “diamond hands” as they maintain strong positions despite a trading lull. Meanwhile, bullish traders have mounted nearly $47 million in buy orders. Recent data from data science company IntoTheBlock revealed that the majority of Shiba Inu (SHIB) holders maintained their positions over the past 12 months. This steadfastness, with 77% of addresses identified as long-term holders, provided a robust foundation against further price drops.  This “diamond hands” mentality suggested a solid support level for SHIB, with long-term holders showing confidence in the token’s potential. However, over the past three months, despite the strong base - [Coin98 Announcement: Shib Names Now Supported for Secure Multi-Chain Transactions](https://news.shib.io/2024/07/01/coin98-announcement-shib-names-now-supported-for-secure-multi-chain-transactions/): Coin98, a DeFi platform that offers services on multiple blockchains, now supports *SHIB names, according to an announcement on X (formerly Twitter). This grants users the ability to utilize their *SHIB names across different chains and manage and transfer digital assets. The ability to deal across multiple chains with one Web3 identity is a major development for the Shiba Inu (SHIB) project, representing a crucial component of the development team’s vision. “Coin98 Super Wallet now supports *VIC, *CORE, and *SHIB names from @D3inc – an identity service for top Web3 communities,” the announcement on X read. It added that users - [Government-led Crypto Offloading Raises Speculations; Markets Jittery](https://news.shib.io/2024/07/01/government-led-crypto-offloading-raises-speculations-and-market-jitters/): A wave of government-led cryptocurrency selloffs has sent ripples through the digital asset market, with Germany and the United States leading the charge. The timing and scale of these transactions have raised eyebrows and prompted speculation about the motives behind these moves. According to on-chain data from blockchain analysis platform Arkham Intelligence, the U.S. government transferred 3,375 ETH (worth approximately $11.75 million) to an unknown address on July 1.  This address reportedly holds seized funds from Estonian crypto entrepreneurs Konstantin Potapenko and Ivan Turogin, raising questions regarding potential connections between the transfer and previous legal actions.   Furthermore, blockchain analytics tool LookonChain - [Roaring Kitty Roars Again: Lawsuit Alleges Market Manipulation in GameStop Frenzy, But Crypto Twitter Cries Foul](https://news.shib.io/2024/07/01/roaring-kitty-roars-again-lawsuit-alleges-market-manipulation-in-gamestop-frenzy-but-crypto-twitter-cries-foul/): Roaring Kitty, also known as Keith Gill and by his online moniker “DeepFuckingValue,” is back in the headlines as a new lawsuit accuses him of market manipulation during the notorious GameStop trading frenzy. A proposed class action lawsuit filed in the Eastern District of New York on June 28 alleges that Gill orchestrated a pump-and-dump scheme to manipulate the price of GameStop (GME) securities. The plaintiff, Martin Radev, claims that Gill used his significant social media influence to artificially inflate GME prices, then profited from selling his holdings. The lawsuit focuses on Gill’s actions between May 13, 2024, and June - [Sony's Bold Crypto Ambitions Unveiled: Subsidiary Rebrands as S.BLOX, Platform Overhaul Underway](https://news.shib.io/2024/07/01/sonys-bold-crypto-ambitions-unveiled-subsidiary-rebrands-as-s-blox-platform-overhaul-underway/): Sony Group’s subsidiary WhaleFin is rebranding as S.BLOX Co., signaling a renewed focus on its crypto trading services and closer integration with the Sony Group ecosystem. Contrary to recent reports suggesting a new acquisition, Sony Group had acquired Amber Japan’s WhaleFin nearly a year ago, last August. This acquisition highlighted Sony’s foresight in tapping into the growing cryptocurrency market. Amber Japan, which operated the well-known cryptocurrency trading platform WhaleFin, now embarks on a new journey under the S.BLOX brand. In a Monday statement, the company detailed the rebranding. “Amber Japan Co., Ltd. (Headquarters: Minato-ku, Tokyo; CEO: Jun Watanabe), which operates - [Shiba Inu Emerges from Undervalued Territory, Signaling Potential for Renewed Growth](https://news.shib.io/2024/06/30/shiba-inu-emerges-from-undervalued-territory-signaling-potential-for-renewed-growth/): Shiba Inu (SHIB) is attracting renewed attention from investors as it emerges from “underbought” territory. This shift in sentiment, signaled by recent data from crypto market analysis firm Santiment, indicates a potential turning point for the cryptocurrency, which had previously experienced price fluctuations in the volatile crypto market. In an X (formerly Twitter) post accompanied by a chart, a cryptocurrency and blockchain-focused financial market data and content platform Santiment, highlighted that SHIB falls under the “underbought” category according to the MVRV Z-Score, a metric that assesses the market value of an asset relative to its realized value. This suggests that - [The Weekly Meme Digest - June 29, 2024](https://news.shib.io/2024/06/29/the-weekly-meme-digest-7/): 👑 Degens, degens, degens! Welcome back to the grand ballroom of crypto satire 🎉, where laughter echoes louder than a Bitcoin pump and memes are the main course! 🃏 Welcome readers, and get ready for a hell of a ride where we bring you fun, humoros, satirical, and meme-tastic crypto news the Shiba Inu way! 🐕‍🦺 This week’s Shib’s Daily Meme Digest, aptly titled “Crypto Chronicles: Legal Loopholes, Political Snafus & YouTube Brawls!” is here to tickle your funny bone and challenge your brain cells. 🚀 Forget the boring news stuff and snooze-worthy headlines. Nope, this is our light-hearted way - [Teflon Gary: Crypto Bros' Public Enemy #1 (and Your Secret Weapon?)](https://news.shib.io/2024/06/29/teflon-gary-crypto-bros-public-enemy-1-and-your-secret-weapon/): Is Gary Gensler the crypto Grim Reaper or just a misunderstood teddy bear? 🤔 Crypto Twitter is ablaze with pitchforks and laser eyes, but is all the hate warranted? 🧐 Your favorite crypto bros are throwing a Twitter tantrum over SEC Chair Gary “Teflon” Gensler. They say he’s the villain blocking crypto’s moon mission. 🚀 But hold on, degens… are we sure these bros aren’t just salty about their rug-pulled scams and impending jail time? 🤔 Degens of the world, the crypto bros that you so admire despise the man with a passion. They want us to believe Gensler is - [SCOTUS Slaps Down Chevron Deference: Is This the SEC's 'Game Over' Screen?](https://news.shib.io/2024/06/29/scotus-slaps-down-chevron-deference-is-this-the-secs-game-over-screen/): Ladies, gentlemen, and crypto enthusiasts, fasten your seatbelts for a wild ride through the latest courtroom drama that’s shaking up the regulatory landscape! In a landmark 6-3 decision, the U.S. Supreme Court has put the brakes on the SEC’s regulatory juggernaut, leaving many to wonder: is this a triumph for clarity or a Pandora’s box of legal headaches? 🚀⚖️ Let’s set the stage. The Supreme Court has overturned the 1984 Chevron decision, which has long been the legal bedrock allowing federal agencies to interpret ambiguous laws. For nearly 40 years, Chevron deference has been the regulatory equivalent of “Mother, may - [Logan Paul vs Coffeezilla: When 'The Maverick' Met His Match (and Got Roasted)](https://news.shib.io/2024/06/29/logan-paul-vs-coffeezilla-when-the-maverick-met-his-match-and-got-roasted/): Ladies and gentlemen, meme lords and crypto wizards, gather ’round for the ultimate showdown in the digital circus! In the red corner, we have Logan Paul, the YouTube sensation known for his wild antics and entrepreneurial spirit. ☕🥊 In the blue corner, we have Stephen Findeisen, aka Coffeezilla, the YouTube detective who sniffs out scams and frauds like a bloodhound. The battleground? A Texas district court. The weapon of choice? A defamation lawsuit over the infamous CryptoZoo NFT project. 🍿🤑 Paul, the influencer who’s no stranger to controversy (remember those suicide forest shenanigans? 😬), is now suing YouTuber Coffeezilla for - [Uncle Sam's Crypto Shuffle: Coinbase is Illegal... But Hold My Bitcoin](https://news.shib.io/2024/06/29/uncle-sams-crypto-shuffle-coinbase-is-illegal-but-hold-my-bitcoin/): Buckle up, crypto fam! Last June, the U.S. government pulled off a regulatory hat trick that would make a magician blush. 🎩✨ First, the SEC slapped Coinbase with charges for operating as an unregistered securities exchange, broker, and clearing agency. Then, they doubled down on the accusation, highlighting Coinbase’s crypto staking service as equally illicit. But wait, there’s a twist! 🤯 Uncle Sam, in all his wisdom, then turned around and made Coinbase his Bitcoin banker! Yes, you read that right. The same company accused of raking in billions through “unlawful” activities is now trusted with safeguarding the government’s own - [Crypto? Who's That? The Trump-Biden Debate That Forgot the Future!](https://news.shib.io/2024/06/29/crypto-whos-that-the-trump-biden-debate-that-forgot-the-future/): Hold onto your lambo keys, folks! We’re diving into the riveting discourse that’s been sweeping the nation… or rather, the echo chamber of crypto Twitter. Forget the impending climate crisis or the existential dread of AI, the real question is, why didn’t Trump or Biden include crypto in their talk-of-the-world 90-minute debate that gave the internet a plethora of memes? Welcome to the meme-tastic world of crypto satire, where the absurd is dissected with glee! 🎉 Last Thursday, the world tuned in to watch the grand debate between White House aspirants Donald Trump and Joe Biden. Spoiler alert: not a - [Coinbase Boosts SHIB ETF Prospects with Shiba Inu Futures Filing With CFTC](https://news.shib.io/2024/06/28/coinbase-boosts-shib-etf-prospects-with-shiba-inu-futures-filing-with-cftc/): Crypto exchange giant Coinbase, via its U.S.-based, CFTC-registered approved derivatives exchange Coinbase Derivatives, has taken a significant step towards the potential launch of a Shiba Inu exchange-traded fund (SHIB ETF) by filing for futures contracts tied to the popular meme coin with the Commodity Futures Trading Commission (CFTC).  Coinbase Derivatives submitted on Friday new filings of futures products tied to Shiba Inu and four other cryptocurrencies, marking a major development in the evolving landscape of crypto-related financial products. Coinbase hopes to launch the new futures contracts on July 15, pending CFTC approval. Coinbase’s move to introduce SHIB futures contracts could - [Shiba Inu's Meteoric Rise Outshines Bitcoin, Ethereum in Yearly and YTD Gains, Grayscale Reports](https://news.shib.io/2024/06/28/shiba-inus-meteoric-rise-outshines-bitcoin-ethereum-in-yearly-and-ytd-gains-grayscale-reports/): Shiba Inu has experienced a meteoric rise in 2024, outperforming established giants like Bitcoin and Ethereum in both yearly and year-to-date (YTD) gains, according to a recent report from Grayscale Investments. Data doesn’t lie and speaks volumes. Regardless of attempts to distort it, data consistently reveals the true performance and potential of an asset. And the data surrounding Shiba Inu is just impossible to ignore. While the project may have originated as a meme coin, it has now ascended to stand shoulder-to-shoulder with industry giants in the cryptocurrency landscape.  Despite lingering skepticism, a recent report from the American digital currency - [Shibarium Channels Admin DaVinci Sounds Alarm: 'Dont Trust, Verify' in the Crypto Wild West](https://news.shib.io/2024/06/28/shibarium-channels-admin-davinci-sounds-alarm-dont-trust-verify-in-the-crypto-wild-west/): DaVinci, the pseudonymous administrator of the communication channels of Shibarium in Telegram and Discord, has issued a stern warning to the Shiba Inu community and crypto investors in general: “Don’t trust – verify.”  This call for heightened vigilance comes amid a surge in deceptive practices within the often treacherous crypto space, particularly targeting the Shiba Inu ecosystem and its community. In recent weeks, this threat became a reality as several Shiba Inu community members reported imposter accounts on X (formerly Twitter) attempting to deceive and potentially victimize unsuspecting individuals. This alarming trend underscores the urgency of DaVinci’s message, which he - [SEC's Gensler Accuses Crypto of Being 'Highly Centralized' with Platforms 'Centralizing and Commingling'](https://news.shib.io/2024/06/28/secs-gensler-accuses-crypto-of-being-highly-centralized-with-platforms-centralizing-and-commingling/): U.S. Securities and Exchange Commission Chairman Gary Gensler remains undeterred amidst a barrage of criticism, firmly advocating for consumer protection. In a recent interview, Gensler, a controversial figure in the financial sector, reiterated his concerns about the crypto industry, claiming it is “highly centralized” with “a few platforms” also “centralizing and commingling things.” Gensler has become a divisive figure in the crypto world, earning widespread disdain for the SEC’s rigorous enforcement actions under his leadership. He is often portrayed as the antagonist stifling the industry’s progress in the U.S. Despite this, Gensler has not wavered from his position, emphasizing the - [Shibarium Defies Crypto Norms: Gas Fees Plummet, Proving Its Affordability Edge](https://news.shib.io/2024/06/28/shibarium-defies-crypto-norms-gas-fees-plummet-proving-its-affordable-edge/): Shibarium has recently experienced a dramatic drop in gas fees, solidifying its position as the most cost-effective network in the crypto space. Shibarium, the layer-2 scaling solution for Shiba Inu (SHIB), has rapidly emerged as a frontrunner in the blockchain space, boasting impressive transaction metrics and unparalleled cost-efficiency. Launched in late August 2023, the network has already processed a staggering 415.95 million transactions, demonstrating its robust utility and growing adoption. Recent data from the blockchain explorer for Ethereum networks, Shibarium explorer, revealed Shibarium witnessed an astonishing 84% decrease in transaction fees, dropping from 79 BONE on June 22 to a - [AIRian x LEASH – Exclusive $AIRdrop Event: Eligibility Verification Extended!](https://news.shib.io/2024/06/27/airian-x-leash-exclusive-airdrop-event-eligibility-verification-extended-2/): Following overwhelming demand from the Shiba Inu community for the “AIRian x LEASH – Exclusive $AIRdrop” event, AIRian and Shiba Inu have extended the eligibility verification period for the event.To be eligible, individuals must hold LEASH tokens from June 26, 2024, 23:00 GMT+08:00 to July 6, 2024, 17:00 GMT+08:00. Both staked LEASH and those utilized within ShibaSwap Liquidity Provider (SSLP) pools will be included in determining eligibility. Read full article here. - [AIRian x LEASH - Exclusive $AIRdrop Event: Eligibility Verification Extended!](https://news.shib.io/2024/06/27/airian-x-leash-exclusive-airdrop-event-eligibility-verification-extended/): AIRIAN and Shiba Inu have decided to extend the eligibility verification period for the “AIRian x LEASH – Exclusive $AIRdrop” event, following overwhelming demand from the community. The event offers participants a chance to win a share of a prize pool consisting of 20 AIR Bombs (NODES) and 100,000 $AIR tokens. Participation Requirements: To be eligible for this exclusive event, individuals must hold LEASH tokens within a designated timeframe: from June 26, 2024, 23:00 GMT+08:00 to July 6, 2024, 17:00 GMT+08:00. Both staked LEASH tokens and those utilized within ShibaSwap Liquidity Provider (SSLP) pools are recognized and included in determining - [JUST IN: VanEck Makes Bold Bet on Altcoin with Spot Solana ETF Filing, Classifies SOL as Commodity](https://news.shib.io/2024/06/27/just-in-vaneck-makes-bold-bet-on-altcoin-with-spot-solana-etf-filing-classifies-sol-as-commodity/): Global investment management firm VanEck, in a move that has sent ripples through the crypto world, has filed for a spot Solana (SOL) exchange-traded fund (ETF). This audacious move not only reignites the debate around the regulatory landscape for crypto ETFs but also highlights a burgeoning institutional interest in Solana and the broader cryptocurrency market. VanEck’s decision to focus on Solana is rooted on the blockchain’s unique technological attributes and expanding ecosystem. Matthew Siegel, VanEck’s head of digital asset research, emphasized Solana’s high scalability, impressive transaction speeds, and minimal fees, positioning it as a potential “Ethereum competitor.”  Solana’s robust security - [Double Trouble: Crypto Scams Hit Metallica's X And Hijack Australian News YouTube](https://news.shib.io/2024/06/27/double-trouble-crypto-scams-hit-metallicas-x-and-hijack-australian-news-youtube/): In a series of brazen cyberattacks, hackers recently targeted two prominent platforms: heavy metal band Metallica’s official X (formerly Twitter) account, and Australian broadcaster 7News’ YouTube channel. In both cases, after taking over the accounts the hackers pushed elaborate scams designed to lure unsuspecting victims into fraudulent cryptocurrency schemes. On Wednesday, Metallica’s verified X account was compromised and utilized to promote a fictitious Solana token dubbed METAL, falsely claiming a partnership with Ticketmaster.  The band’s team promptly regained control and deleted the misleading posts, but the incident exposed the vulnerability of even verified social media accounts to exploitation by scammers. - [Binance NOT Delisting Shiba Inu: Separating Fact from Clickbait](https://news.shib.io/2024/06/27/binance-not-delisting-shiba-inu-separating-fact-from-clickbait/): Contrary to sensationalist claims and a flurry of misleading headlines, Binance is not delisting Shiba Inu (SHIB) from its platform. Instead, the exchange is strategically adjusting its trading pairs, removing the SHIB/TUSD (TrueUSD) option due to low trading volume and liquidity. On Wednesday, Binance announced the removal of several spot trading pairs, including SHIB/TUSD, effective Friday. However, sensationalized headlines misconstrued this announcement, sparking panic among investors. Binance emphasized that SHIB remains available for trading on the platform with numerous other cryptocurrency and fiat currency pairs. In an official announcement, Binance explained the rationale behind the delisting of specific trading pairs: - [Bitcoin Whale Funds Julian Assange's Costly Flight to Freedom](https://news.shib.io/2024/06/26/bitcoin-whale-funds-julian-assanges-costly-flight-to-freedom/): While the announcement of Julian Assange’s freedom following a plea deal created an atmosphere of celebration for many, his journey to obtaining it came at a hefty price. However, an anonymous Bitcoin whale, funded this with a single donation, allowing the controversial whistleblower to land in Australia debt-free. Stella Assange, the wife of the founder of WikiLeaks, revealed a frustrating reality following Assange’s release from prison. In an X Post, Stella shared that her husband was under massive debt, about $520,000 for the jet that took him out of Europe, into Saipan and finally to Australia. She appealed on the - [$AIR-DROP!](https://news.shib.io/2024/06/26/air-drop/): Read the latest edition of The Shib magazine here. - [Interview/Anndy Lian - The Future of Crypto Airdrops: Hype or Hope?](https://news.shib.io/2024/06/26/interview-anndy-lian-the-future-of-crypto-airdrops-hype-or-hope/): From Bitcoin’s humble beginnings – where free coins were given away to early adopters – to today’s multi-million dollar airdrop extravaganzas, the landscape of crypto giveaways has transformed dramatically.  As the industry matures, we’re left with critical questions about the long-term viability and ethical implications of these events. To get a handle on these complex issues, we turned to Anndy Lian, a leading voice in the blockchain world. As an intergovernmental expert, best-selling author, investor, board member, and sought-after speaker, Lian brings a wealth of knowledge and a unique perspective to the table. His insights into the evolving world of - [Interview/Vugar Usi Zade - Crypto Airdrops Unmasked: Marketing Ploy or Economic Bedrock?](https://news.shib.io/2024/06/26/interview-vugar-usi-zade-crypto-airdrops-unmasked-marketing-ploy-or-economic-bedrock/): Crypto airdrops have become a polarizing phenomenon in the digital asset space. Are these seemingly generous token giveaways a legitimate way to bootstrap new projects and reward communities, or are they merely elaborate marketing schemes designed to pump and dump tokens on unsuspecting investors?  To unravel this mystery, we sat down with Vugar Usi Zade, the Chief Operations Officer of BitGet and a seasoned veteran in the marketing and communications world. With a distinguished background that includes a Masters in Public Administration from Harvard University and advisory roles with the United Nations, Zade brings a unique perspective to the table. - [Shiba Inu Defies Sell-Off Fears, Turns Green Despite Massive Exchange Inflows](https://news.shib.io/2024/06/26/shiba-inu-defies-sell-off-fears-turns-green-despite-massive-exchange-inflows/): Shiba Inu (SHIB) has defied expectations as its price surges despite a massive influx of tokens into cryptocurrency exchanges.  Market watchers initially feared these significant deposits signaled an impending sell-off, potentially impacting SHIB’s value. However, the cryptocurrency has displayed resilience, trading in the green zone amid potential market volatility. This week, a staggering 13 trillion SHIB tokens were transferred into exchanges, causing a stir among investors. This substantial inflow triggered concerns of a significant price drop as holders might be preparing to liquidate their assets. However, data from onchain market data analytics provider CryptoQuant revealed an unexpected twist. The chart - [Latin America Says Adiós to Fiat, Hola to Bitcoin!](https://news.shib.io/2024/10/13/latin-america-says-adios-to-fiat-hola-to-bitcoin/): Latin America is pulling off the ultimate “glow-up” in the crypto world, with Argentina and Brazil leading the charge like they just found the golden ticket to financial freedom. Forget traditional banking; down south, crypto is quickly becoming the financial lifeboat that everyone’s scrambling to board. 🚤💸 Argentina’s Crypto Fix: HODLing Like It’s a Full-Time Job Argentina is the MVP of Latin America’s crypto scene, according to a Chainalysis report last Wednesday, clocking to about $91.1 billion in transaction volume over the past year. Why? Let’s just say the Argentine peso is doing its best impression of a meme coin on a bad day—constantly - [Crypto Market Maker 101: Pump, Dump, and Disappear?](https://news.shib.io/2024/10/13/crypto-market-maker-101-pump-dump-and-disappear/): 🤡 “Market Maker” in crypto? More like “Market Manipulator,” “Meme Merchant,” or “Master of Misdirection.” 🎩✨ As former SEC enforcement attorney John Reed Stark so eloquently put it, these folks are the baggage handlers of the crypto world, claiming to pilot the plane while rifling through your luggage for loose NFTs. 💼🙊 Beyond Baggage Handlers: Decoding the Crypto “Market Maker” But let’s get real for a second: what even is a “market maker” in the cryptosphere? Is it the guy who sold you Dogecoin at its all-time high and then vanished into the blockchain black hole? Spoiler alert: No. But - [The Shib Crypto Recap: Friday](https://news.shib.io/2024/10/11/the-shib-crypto-recap-friday-3/): As the crypto world caps off the week, here are the headlines that made it to our top list today. Read about the latest in cybersecurity and customer trust in financial service providers, regulatory developments, Ripple’s legal battles, and a phishing attack with ties to a “draining-as-a-service” (DAAS) tool.   Fidelity Data Breach: Thousands Affected as Hackers Steal Personal Information Over 77,000 Fidelity customers had their sensitive identity information stolen in a data breach. The incident was disclosed on Wednesday after Fidelity informed authorities. The hackers accessed personal information from August 17 to 19, using two accounts created by a - [Ground Zero: Southeast Asia’s Dark Underbelly of Virtual Asset-Related Crimes](https://news.shib.io/2024/10/11/ground-zero-southeast-asias-dark-underbelly-of-virtual-asset-related-crimes/): The United Nations Office on Drugs and Crime (UNODC) recently highlighted the increasing use of cryptocurrency and similar high-risk virtual assets in facilitating criminal activities across Southeast Asia. In its latest report, the UNODC detailed how various criminal organizations are using virtual asset service providers for money laundering, drug trafficking, and other illicit activities. This scenario underscores the urgent need for regulatory frameworks to mitigate such risks. Southeast Asia: The Emerging Epicenter of Virtual Asset-Driven Crime Amid Technological Gaps The report makes it clear that the use of virtual assets is becoming widespread in Southeast Asia. However, it is not - [Shib Wants YOU!](https://news.shib.io/2024/10/11/shib-wants-you/): Read the latest edition of The Shib magazine here. - [London Trader Accused of Running Illegal Crypto ATMs Faces Court](https://news.shib.io/2024/10/11/london-trader-accused-of-running-illegal-crypto-atms-faces-court/): Habibur Rahman, a London resident, has pleaded not guilty to charges of operating illegal and unregistered crypto ATMs. Rahman, aged 37, from Langdon Crescent in East Ham, is accused of running a cryptocurrency ATM at his shop without the required registration from the Financial Conduct Authority (FCA). The charges come after several illegal ATMs were seized during a police raid on his store in Chatham, Kent, in April 2023, including one machine on public display. A spokesperson for Kent Police stated that Rahman is the first person in the UK to face charges for this offense. The authorities revealed that - [New Stablecoin Law Could Shake Up the Crypto Market – Here’s Why](https://news.shib.io/2024/10/11/new-stablecoin-law-could-shake-up-the-crypto-market-heres-why/): Crypto-friendly Senator Bill Hagerty has introduced a discussion draft for legislation to create a regulatory framework for stablecoins— a move that could reshape the entire crypto industry. The Tennessee Republican’s proposal resembles the Clarity for Payment Stablecoins Act, which is currently being worked on in the House of Representatives by Rep. Patrick McHenry, R-N.C., and Rep. Maxine Waters, D-Calif. In a statement on Thursday, Hagerty revealed that his draft seeks to provide much-needed clarity to stablecoin regulations. Hagerty, who is a member of the Senate Banking Committee, structured his draft to split federal supervision of stablecoins. Under the proposal, the - [Demand for Crypto ETFs Explodes, Pushing Crypto to Second Most Popular Asset Class](https://news.shib.io/2024/10/11/demand-for-crypto-etfs-explodes-pushing-crypto-to-second-most-popular-asset-class/): A recent Charles Schwab survey has unveiled a seismic shift in the investment landscape: cryptocurrencies have surged in popularity, claiming the second spot among ETF investors’ most desired asset classes. This remarkable ascent underscores the growing acceptance of digital assets in mainstream portfolios, despite the market’s inherent volatility. The survey shows that 45% of respondents plan to invest in crypto, trailing only equities at 55%, highlighting a growing enthusiasm for digital assets as investors seek new opportunities in today’s dynamic market. In a landscape where nearly all ETF investors consider these funds essential to their portfolios, the majority are poised - [Massive Data Breach: Hackers Compromise Sensitive Information of Over 77,000 Fidelity Customers](https://news.shib.io/2024/10/11/massive-data-breach-hackers-compromise-sensitive-information-of-over-77000-fidelity-customers/): Hackers stole sensitive identity information, including Social Security numbers (SSNs), from over 77,000 Fidelity customers in a massive data breach.  The incident was first disclosed Wednesday when the company filed notices with Maine and New Hampshire authorities. It revealed that an unidentified third party had accessed personal information from its systems between August 17 and August 19. Fidelity, a leading wealth management firm, confirmed that hackers had gained unauthorized access to personal information from its systems. This also includes their Social Security numbers and driver’s licenses. The breach involved two customer accounts that were created by a third party. It - [Argentina Takes the Lead: Surpassing Brazil in Cryptocurrency Value with $91.1 Billion Received](https://news.shib.io/2024/10/11/argentina-takes-the-lead-surpassing-brazil-in-cryptocurrency-value-with-91-1-billion-received/): Argentina leads the region in terms of cryptocurrency value received at an estimated $ 91.1 billion. It’s only slightly ahead of Brazil’s estimated $90.3 billion. According to Chainalysis’ Global Adoption Index, four of the top 20 countries are in Latin America: Brazil (9), Mexico (13), Venezuela (14), and Argentina (15). The report also revealed that stablecoin-based remittances are gaining traction in these countries. This also includes Latin America as a whole. Stablecoins Offer Hope Amid Argentina’s Economic Crisis, Becoming a Key Tool for Citizens Battling Inflation and Peso Devaluation The report also noted that stablecoins provide a path to stability - [Taiwan's FSC Unveils Groundbreaking Crypto Innovation Plan—Is Virtual Asset Custody the Next Big Thing?](https://news.shib.io/2024/10/11/taiwans-fsc-unveils-groundbreaking-crypto-innovation-plan-is-virtual-asset-custody-the-next-big-thing/): Taiwan’s Financial Supervisory Commission (FSC) unveils plans to stimulate financial innovation in the crypto space, revealing its intentions to launch thematic business trials and encourage financial institutions to apply for virtual asset custody services.  In a recent announcement, the FSC revealed that three banks have shown interest, with the launch anticipated in the first quarter of next year. The first pilot application for virtual asset custody services has also emerged. According to Hu Zehua, director of the Comprehensive Planning Division at the FSC, the FSC plans to publicly explain its regulatory framework surrounding virtual assets, soliciting feedback from outside experts - [Ripple Files Cross-Appeal in SEC Lawsuit](https://news.shib.io/2024/10/11/ripple-files-cross-appeal-in-sec-lawsuit/): Ripple Labs has filed a cross-appeal in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), submitting the appeal to the U.S. Court of Appeals for the Second Circuit. However, this cross-appeal follows the SEC’s recent notice of appeal regarding an earlier court ruling in the case. Ripple’s cross-appeal was filed to ensure that all aspects of the case were fully addressed. Ripple’s chief legal officer, Stuart Alderoty, commented on the filing yesterday, stating that the cross-appeal focuses on the argument that an “investment contract” requires essential rights and obligations, which Ripple argues were not present in - [Phishing Attack Drains $35 Million from Crypto Whale's Wallet](https://news.shib.io/2024/10/11/phishing-attack-drains-35-million-from-crypto-whales-wallet/): A crypto whale’s fortune vanished in an instant as a sophisticated phishing scam drained $35 million in fwDETH, sparking chaos in the DeFi market and leaving experts stunned. Security firm Scam Sniffer first reported the incident, revealing that the whale was tricked into signing a fraudulent “permit” message, which allowed the attacker to drain the funds. The compromised address was identified as 0xEab2E…a393. Security firms PeckShield and BlockSec confirmed the attack. BlockSec co-founder Yajin Zhou explained that the attacker used the signed permit message to withdraw fwDETH tokens from the whale’s account. The incident caused the whale to lose a - [The Shib Crypto Recap: Thursday](https://news.shib.io/2024/10/10/the-shib-crypto-recap-thursday-3/): The Shib Daily’s crypto news this Thursday is rife with discussions about security risks, regulatory and law enforcement challenges, and the ongoing saga of exchange-traded fund (ETF) applications. This intricate mosaic of challenges serves to illuminate the unpredictable nature of cryptocurrencies and captures the essence of a market that is as volatile as it is revolutionary. Feds Strike Back: 15 Charged in $25 Million Crypto Fraud Operation Using Fake Token On Wednesday, federal prosecutors charged several cryptocurrency companies and 15 individuals in a $25 million fraud scheme. The charges were the result of an FBI operation in which a fake - [Crypto Heist Fallout: How a Connecticut Family's Lambo Led to a Failed Ransom Plot](https://news.shib.io/2024/10/10/crypto-heist-fallout-how-a-connecticut-familys-lambo-led-to-a-failed-ransom-plot/): A Connecticut couple, the parents of a 19-year-old honors student suspected of involvement in a $243 million crypto theft, were kidnapped and assaulted while out house-hunting in a new Lamborghini, prosecutors revealed. The kidnapping occurred one week after their son allegedly took part in a sophisticated cryptocurrency scam, raising unsettling questions about possible connections between the two incidents. Crypto Crime: The Carjacking Incident On the afternoon of August 25, 2024, in Danbury, Connecticut, a married couple in their 50s, driving a Lamborghini Urus with temporary tags, were rear-ended by a Honda Civic in a gated community. Immediately after, three men - [Phishing Attack Costs $2.2 Million in Ethereum – One Wrong Click, Big Consequences](https://news.shib.io/2024/10/10/phishing-attack-costs-2-2-million-in-ethereum-one-wrong-click-big-consequences/): A recent Ethereum phishing attack has resulted in the loss of approximately $2,230,000 after a user mistakenly signed a malicious transaction.  According to Web3 Antivirus, the incident was caused by the victim interacting with a fraudulent address, leading to the transfer of a significant amount of Ethereum-based assets. The Ethereum transaction was successfully executed in block 20929866, confirmed within 14 seconds on Wednesday. The total value lost in the transaction amounted to over $2.2 million, with the attacker exploiting a vulnerability by tricking the user into signing the transaction. The transaction fee totaled 0.0454 ETH, equivalent to around $109.10 at - [PlusToken ETH Distribution Unveils New Obfuscation Pattern Ahead of Full Sale?](https://news.shib.io/2024/10/10/plustoken-eth-distribution-unveils-new-obfuscation-pattern-ahead-of-full-sale/): With 7,000 ETH sent to exchanges in the last 24 hours, a new era of PlusToken ETH obfuscation has begun. Is this just another attempt to mask a full sale of $1.3 billion worth of assets? In early August 2024, the remnants of PlusToken’s Ethereum supply, valued at over $1.3 billion, awoke on-chain for the first time since 2021. Over the last 24 hours, 7,000 ETH has been sent to exchanges. This likely indicates an intent to begin selling the remaining tokens. This is just the latest example of PlusToken’s masterminds attempting to obfuscate their assets in preparation for a - [SEC Chair Gensler Casts Doubt on Cryptocurrencies as Future Currencies](https://news.shib.io/2024/10/10/sec-chair-gensler-casts-doubt-on-cryptocurrencies-as-future-currencies/): The U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, in a recent pronouncement that throws cold water to the glowing ember of the cryptocurrency industry’s ambition, casts doubts today about the potential future of digital currencies serving as viable global currencies. Speaking at the New York University School of Law on Wednesday Gensler expressed concerns about the long-term viability of cryptocurrencies like Bitcoin serving as a means of payment or storage of value. Gensler, who has a background in finance and economics from MIT, likened this ongoing debate to discussions dating back 3,000 years to philosophers such as Plato - [FBI’s Undercover Crypto Sting Exposes $25M Fraud – Top Executives Arrested](https://news.shib.io/2024/10/10/fbis-undercover-crypto-sting-exposes-25m-fraud-top-executives-arrested/): Federal prosecutors on Wednesday have charged multiple crypto companies, along with 15 individuals, in a $25 million fraud and market manipulation scheme. The charges came after an unprecedented FBI-led operation in which the agency created a fake digital token to track criminal activity in the crypto market. Acting U.S. Attorney Joshua Levy revealed details of the case in Boston, noting the arrests of several top executives and the seizure of over $25 million worth of cryptocurrency. “This is a case where new age technology, crypto, meets an old school fraud,” Levy said. The charges include widespread “pump and dump” tactics, - [XRP ETF Race Heats Up: Canary Capital Joins the Fray – But Will It Get the Green Light?](https://news.shib.io/2024/10/10/xrp-etf-race-heats-up-canary-capital-joins-the-fray-but-will-it-get-the-green-light/): Canary Capital has officially entered the competitive landscape of cryptocurrency ETFs by filing for a spot XRP exchange-traded fund (ETF). This move, announced just days after Bitwise submitted a similar application, has intensified speculation about whether the U.S. Securities and Exchange Commission (SEC) will approve either of these filings. This application, submitted on Tuesday— just a week after Bitwise’s similar move—marked growing interest in offering investors exposure to XRP without needing to hold the asset directly. However, the likelihood of approval by the SEC remains debatable, especially given the ongoing legal challenges surrounding XRP. Canary Capital’s proposal aims to expose - [Irish Authorities Struggle to Access Over $377M 'Seized' Bitcoin](https://news.shib.io/2024/10/10/bitcoin-keys-irish-authorities-struggles-to-access-over-377m-seized-bitcoin/): An €350 million (over $380M) Bitcoin haul, seized from the clutches of a criminal, sits tantalizingly out of reach for Irish authorities. The Criminal Assets Bureau (CAB) possesses the digital fortune, but lacks the key to unlock it. Since 2019, the CAB has been unable to access the Bitcoin, which is held in 12 wallets, despite efforts to trace and recover it. Clifton Collins, a cannabis dealer in Ireland County owned these assets. A decade ago, Collins made a prescient, if unintentional, investment. Using profits from his illicit business, he purchased Bitcoin when its value was a mere fraction of - [The Shib Crypto Recap: Wednesday](https://news.shib.io/2024/10/09/the-shib-crypto-recap-wednesday-3/): We have arrived at the mid-week analysis of the cryptocurrency sector. Today, The Shib’s news roundup highlights corruption within law enforcement, high-profile crypto schemes, personal and community impact of crypto scams, and shifting trends in the global crypto landscape. Bitcoin Bribe Exposed: Former Chief Investigator Sentenced to 16 Years A former chief investigator in Russia, Marat Tambiyev, has been sentenced to 16 years in prison for accepting a Bitcoin bribe worth $65 million from hackers. His case is part of a major corruption scandal within the Investigative Committee of Russia. Investigations into Tambiyev began last year and uncovered his acceptance - [Russia’s 'Crypto Queen' Accused of Large-Scale Crypto Fraud](https://news.shib.io/2024/10/09/russias-crypto-queen-accused-of-large-scale-crypto-fraud/): Valeria Fedyakina, known as the “Crypto Queen” and “Bitmama,” is under investigation for orchestrating cryptocurrency fraud operations in Russia. Reports suggest she managed large-scale cash transfers using Bitcoin, allegedly taking physical cash from clients and transferring the funds abroad, primarily to Dubai. The Russian TV channel Vesti aired an exposé showing videos reportedly taken by Fedyakina displaying suitcases full of cash linked to her operations. Crypto-Powered Cash Transfers to Dubai Authorities claim Fedyakina offered crypto-based exchange services, with one anonymous victim stating, “She told me: ‘I have people who work in armored cars. They come, and they take cash from - [Former FTX Co-CEO Set to Start Serving Time on Friday](https://news.shib.io/2024/10/09/former-ftx-co-ceo-ryan-salame-sentenced-to-7-5-years-in-jail/): Ryan Salame, the former co-CEO of FTX Digital Markets, will begin serving a seven-and-a-half-year sentence at a U.S. federal correctional facility on October 11. Salame is the second top executive to receive a prison sentence following FTX founder Sam Bankman-Fried, who is currently serving 25 years for his role in orchestrating and committing fraud. In 2021, Salame made a major career move and left his senior role at Alameda Research, Bankman-Fried’s crypto hedge fund, to become co-CEO of FTX’s Bahamian subsidiary, FTX Digital Markets. However, he reportedly became involved in questionable financial activities, including significant real estate acquisitions and political - ['Irresponsible': Developer Rejects Satoshi Claims in New HBO Documentary](https://news.shib.io/2024/10/09/peter-todd-denies-hbo-documentary-claims-linking-him-to-bitcoin-creator/): Peter Todd, an early Bitcoin developer, has strongly denied claims made in the new documentary by HBO titled Money Electric: The Bitcoin Mystery, which suggests he could be Satoshi Nakamoto, the creator of Bitcoin.  Todd took to X (formerly Twitter) to refute the allegations, criticizing the film’s speculative nature and accusing its makers of endangering his safety by associating him with the Bitcoin creator. Despite Todd’s denial, the documentary has stirred renewed debates within the cryptocurrency community. HBO is behind the release of Money Electric, continuing its tradition of producing investigative documentaries on high-profile, controversial subjects. Cullen Hoback, known for - [Cardi B's $WAP Promo on X Might Not Be Legit - Experts](https://news.shib.io/2024/10/09/cardi-bs-wap-promo-on-x-might-not-be-legit-experts/): Cardi B unveiled her latest project on Tuesday – $WAP, a memecoin, accompanied by a video of an animated cat and a cryptic wallet address.  The reveal sparked concerns from crypto sleuths and community members alike. As blockchain investigators Wazz and PeckShield dug deeper into the matter, they discovered a complex web of connections. The latter asked people to be extremely cautious.  BubbleMaps, a blockchain data visualization platform, identified that 60% of the WAP supply was bundled at launch. It found that around $500,000 worth of tokens had already been dumped within 10 hours of the project’s launch.  $WAP a Return - [Shiba Inu Primed for Major Price Breakout, Analyst Says](https://news.shib.io/2024/10/09/shiba-inu-primed-for-major-price-breakout-analyst-says/): Shiba Inu, the phenomenon that shocked the world, is poised for a significant price breakout, according to a prominent crypto analyst. This bullish prediction, combined with recent positive market activity, is generating renewed excitement among SHIB investors and fueling speculation about the token’s potential for substantial gains. The forecast came from Crypto Sheriff, a widely followed analyst on X (formerly Twitter), known by their handle @Gem_Sheriff. In a recent post, Crypto Sheriff confidently declared, “SHIB breakout loading,” accompanying their statement with a chart showing SHIB’s price action. This pronouncement ignited a fresh wave of interest in the Shiba Inu ecosystem. - [Wells Fargo Denies Responsibility in $14,000 Check Theft: Could Crypto Offer a Solution?](https://news.shib.io/2024/10/09/could-crypto-offer-a-solution-wells-fargo-denies-responsibility-in-14000-check-theft/): When Phi Dang, a Los Angeles business owner, discovered a $14,000 check had been stolen, altered, and cashed fraudulently, her bank, Wells Fargo, denied responsibility. The incident raises a critical question: could the enhanced security features of crypto have prevented this loss? Dang, who runs a family business, discovered the fraud after a routine inquiry from a vendor about an unpaid invoice, as reported by NBC Los Angeles. The check she mailed had been intercepted, chemically altered, and fraudulently cashed.  The ordeal began with a seemingly routine call from a vendor inquiring about an unpaid invoice. Confused, Dang investigated and - [Crypto Businesses Choose Dubai, Switzerland, South Korea Over US in 2024: Report](https://news.shib.io/2024/10/09/crypto-businesses-choose-dubai-switzerland-and-south-korea-over-us-in-2024-report/): Dubai, Switzerland, and South Korea have been identified as top destinations for cryptocurrency businesses in 2024, largely due to their crypto-friendly regulatory environments.  According to a Social Capital Markets report, these countries provide clear legal frameworks and favorable tax policies, making them attractive hubs for the growing blockchain and cryptocurrency sectors. This contrasts sharply with the regulatory climate in the United States, where businesses face more stringent oversight and legal uncertainty. Dubai Ranks First Among Crypto-Friendly Countries Dubai took the top spot as the most crypto-friendly country with its proactive regulatory measures and tax policies. It imposes no capital gains - [$65M Bitcoin Bribe Sends Ex-Russian Chief Investigator to Jail for 16 Years](https://news.shib.io/2024/10/09/65m-bitcoin-bribe-sends-ex-russian-chief-investigator-to-jail-for-16-years/): A Russian court has sentenced a former chief investigator to 16 years in jail after authorities caught him accepting a massive $65 million Bitcoin bribe from hackers. Marat Tambiyev, who was working for the Investigative Committee of Russia at the time, became the latest high-profile fallout in a corruption scandal. The investigation into Tambiyev reportedly began last year, and it was discovered that he had been accepting bribes from the Infraud Organization hacking group. The authorities believe this facilitated illegal activities for the hackers.The scandal has cast a spotlight on the endemic corruption within Russia’s law enforcement agencies. These departments - [Crypto Pyramid Scam Dupes Thousands of San Pedro Residents](https://news.shib.io/2024/10/09/crypto-pyramid-scam-dupes-thousands-of-san-pedro-residents/): As many as 20,000 San Pedro residents have fallen victim to a crypto pyramid scheme called La China, which promised significant short-term returns from what are now known as fake cryptocurrency investments. Lawyer Adolfo Erdaire noted on Tuesday that the first complaints will be filed soon. “La China” — which has ties to the Knight Consortium Foundation — has left many San Pedro residents in a financial tailspin. They invested all their savings into what seemed like an opportunity of a lifetime. However, it soon became clear that this scheme was merely a classic pyramid. Here, the scammers collected from new - [Chosun Ilbo Accused of Promoting $3B Crypto Scheme](https://news.shib.io/2024/10/09/chosun-ilbo-accused-of-promoting-3b-crypto-scheme/): Chosun Ilbo, South Korea’s country’s largest newspaper, allegedly boosted a cryptocurrency scheme that cost nearly $3 billion.  Incubator IBC Group shared this via a post on X, where it said that the paper’s subsidiaries reportedly gave the KOK token positive coverage and awards. This led many to see it as a safe bet. However, critics say this helped legitimize the scam, which authorities have now shut down. “We were deceived by the Chosun Ilbo coverage,” said one investor who lost $100,000 in the KOK token. “They made it sound like a legitimate investment.” As the KOK token plummets from a - [Shiba Inu's SHIB and BONE Bask in Renewed Crypto Spotlight](https://news.shib.io/2024/10/09/bone-and-shiba-inu-s-shib-bask-in-renewed-crypto-spotlight/): Two tokens of the Shiba Inu ecosystem, Shiba Inu (SHIB) and Bone ShibaSwap (BONE), are capturing the attention of crypto enthusiasts, earning recognition as top “Hype Tokens” during a week dominated by canine-themed assets. Their prominence underscores the enduring appeal of the Shiba Inu brand and the growing interest in its expanding ecosystem. ChangeNOW, a web3 cryptocurrency exchange platform, recently highlighted the trending tokens on its platform on X (formerly Twitter) account, dubbing the period a “Dog Week.” SHIB, the global phenomenon secured the top spot, fueled by renewed excitement surrounding the series of major developments within the Shiba Inu - [Can Meme Coins Save the World? Vitalik Buterin Thinks So](https://news.shib.io/2024/10/09/meme-coins-can-they-save-the-world-vitalik-buterin-thinks-so/): Vitalik Buterin, the mind behind Ethereum, is thinking about more than just complex code and blockchain infrastructure these days. He’s contemplating a seemingly outlandish question: can meme coins, those often-derided digital tokens born from internet jokes, actually contribute to solving real-world problems? His answer, increasingly, is a resounding yes. Buterin’s recent pronouncements on social media haven’t focused on the latest technical advancements. Instead, he’s been championing the surprising philanthropic potential of meme coins.  He recently lauded several projects for donating a portion of its token supply to various charities last month and revealed he redirected any meme coins sent to - [Crypto.com Launches Legal Challenge to SEC's Crypto Crackdown](https://news.shib.io/2024/10/09/crypto-com-launches-legal-challenge-to-secs-crypto-crackdown/): Crypto.com throws down the gauntlet, launching a legal salvo against the U.S. Securities and Exchange Commission. The cryptocurrency exchange seeks to halt what it calls an “unjust” regulatory crusade, escalating a battle that is reshaping the future of digital assets in America. The Singapore-based company filed suit against the SEC just days after receiving a Wells notice, a harbinger of potential enforcement action. Crypto.com’s aggressive move, announced in a blog post on Tuesday, marked a dramatic escalation in the ongoing tension between the cryptocurrency industry and regulators.  The firm argued the SEC had overstepped its bounds, unilaterally expanding its jurisdiction - [The Shib Crypto Recap: Tuesday](https://news.shib.io/2024/10/08/the-shib-crypto-recap-tuesday-3/): It may only be Tuesday, but the week is already presenting a dramatic array of developments. Key stories are emerging that highlight the pressing need for clearer regulations, the growing acceptance of virtual asset trading, rising security challenges at the crossroads of national security and cryptocurrency, and efforts to recover stolen digital assets. Standardizing Crypto Inclusion: A Call for Uniform EU Crypto Regulations 21Shares, a crypto exchange-traded product (ETP) issuer, has urged EU regulators to create a uniform framework for including crypto assets in investment products. They have requested the European Securities and Markets Authority (ESMA) to revise its regulations - [South Korean Soldiers Found Trading Military Secrets for Crypto: Report](https://news.shib.io/2024/10/08/south-korean-soldiers-found-trading-military-secrets-for-crypto-report/): A South Korean investigation has revealed that soldiers have compromised military secrets in exchange for cryptocurrency. According to TV Chosun, the investigation found 29 cases of leaked classified information. One notable case involved a captain accused of sharing confidential documents about a special forces unit’s wartime missions. In return, the captain reportedly received 48 million won ($35,700) in cryptocurrency. The investigation follows earlier reports that at least three active-duty soldiers handed over military passwords and secret documents to loan sharks. Prosecutors believe these soldiers traded the information to either invest in cryptocurrency or to pay off debts related to crypto - [National Bank of Bahrain Unveils First Bitcoin-Linked Investment](https://news.shib.io/2024/10/08/national-bank-of-bahrain-unveils-first-bitcoin-linked-investment/): The National Bank of Bahrain (NBB) has introduced the first Bitcoin-linked structured investment in the Gulf Cooperation Council (GCC) region.  This product was launched in collaboration with ARP Digital, a digital asset firm, and was announced during the Fintech Forward 2024 event, according to local media. The investment product is available exclusively for accredited investors across Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The Bitcoin-linked structured investment offers exposure to Bitcoin’s growth, with returns capped at a predefined threshold. Investors are also provided with 100% capital protection in case of a downward trend, offering a secure - [Elderly US Resident Recovers $275K Stolen by Coinbase Posers](https://news.shib.io/2024/10/08/elderly-us-resident-recovers-275k-stolen-by-coinbase-posers/): An elderly resident of the United States has successfully recovered the $275,000 in crypto stolen by Indian fraudsters posing as Coinbase support. Law enforcement and blockchain investigator ZachXBT, who posted the news on Monday, helped with the retrieval. The elderly victim became a target in April 2024 after receiving a series of emails from “Coinbase Support,” claiming that their account had been compromised by malware. The scammers employed an array of psychological manipulation tactics to gain the victim’s trust and extract sensitive financial information. The fraudsters gained access to the victim’s digital wallet, allowing them to execute unauthorized transactions and - [Russian Crypto Mining Challenged by Proposed Electricity Category](https://news.shib.io/2024/10/08/proposed-new-electricity-category-could-impact-russian-crypto-mining/): The Russian Ministry of Energy is actively proposing the establishment of a fourth reliability category for electricity consumers. The proposed category aims to optimize electricity distribution during periods of low demand. This move is relevant to the crypto industry because electricity is essential for cryptocurrency mining. Mining operations, especially those focused on energy-intensive processes like Bitcoin mining, require continuous power to function efficiently.  If miners fall into this new reliability category, they could face unexpected power cuts, disrupting mining operations, reducing the consistency of rewards, and potentially causing financial losses. Furthermore, unpredictable energy access could make Russian crypto mining less - [Shiba Inu Leads the Pack With Staggering 21M% Gain Since All-Time Low](https://news.shib.io/2024/10/08/shiba-inu-leads-the-pack-with-staggering-21m-gain-since-all-time-low/): Shiba Inu ($SHIB) reigns supreme among a select group of cryptocurrencies, boasting an astounding 21,298,851% gain from its all-time low, eclipsing the impressive returns of other top performers.  Data from crypto price tracker Coinpedia Markets, a platform offering real-time prices, charts, and on-chain data, revealed a select group of digital assets that have defied expectations, with Shiba Inu leading the charge. This remarkable ascent began in 2020 when Shiba Inu emerged as a meme coin, fueled by online trends and a vibrant community.  Few anticipated the astronomical growth that would follow. Coinpedia Markets’ analysis of the top 100 cryptocurrencies showed - [Robinhood Legal Chief Dan Gallagher Eyed for SEC Chair if Trump Wins](https://news.shib.io/2024/10/08/robinhood-legal-chief-dan-gallagher-eyed-for-sec-chair-if-trump-wins/): Former U.S. regulators and securities lawyers have suggested that Dan Gallagher, Robinhood’s chief legal officer, may be a potential candidate for chair of the Securities and Exchange Commission (SEC) if Donald Trump wins the 2024 presidential election. Gallagher, who served as an SEC commissioner from 2011 to 2015, was the CLO at Robinhood in 2020. A report from Politico on October 7 cited a former SEC official who described him as a “natural choice” for the position. Dan Gallagher is not the only name mentioned for the role. Other former officials are reportedly being considered, including Chris Giancarlo, former chair - [Marathon Digital Sued Over Excessive Noise from Crypto Mining Facility](https://news.shib.io/2024/10/08/marathon-digital-sued-over-excessive-noise-from-crypto-mining-facility/): More than two dozen residents of Granbury, Texas, have filed a lawsuit against Marathon Digital Holdings, alleging that the company’s local Bitcoin mining facility is causing “intolerably loud” disturbances.  The group claims that noise coming from the mining site is a significant “nuisance [and is] is resulting in extreme discomfort and annoyance” for those living nearby. The lawsuit, filed last week at a Hood County court, said the residents experienced “sensory, emotional, psychological, and health impacts” attributed to the “constant, unrelenting” noise and vibrations from the facility. They noted symptoms such as fatigue, headaches, memory issues, hearing loss, migraines, and - [ECB Official Proposes European Unified Ledger for Digital Assets](https://news.shib.io/2024/10/08/ecb-official-proposes-european-unified-ledger-for-digital-assets/): An official from the European Central Bank (ECB) is proposing the adoption of a “European ledger,” or a unified platform that would bring digital assets and money across Europe onto a single system. At a symposium hosted by the German central bank recently, ECB Executive Board member Piero Cipollone noted that such a ledger could reduce fragmentation in the region’s financial markets. Cipollone highlighted that Europe’s conventional capital markets are divided and face the challenge of inconsistent laws, yet there is an opportunity to establish a cohesive platform for digital assets. He described the idea as a “digital capital markets - [21Shares Calls for Unified Crypto Rules Across EU](https://news.shib.io/2024/10/08/21shares-calls-for-unified-crypto-rules-across-eu/): Crypto exchange-traded product (ETP) issuer 21Shares has called on European Union regulators to implement a unified framework for including crypto assets in investment products.  Yesterday, 21Shares asked the European Securities and Markets Authority (ESMA) to adjust its rules to allow crypto assets in Undertakings for Collective Investment in Transferable Securities (UCITS) funds, which cater to retail investors. The company noted inconsistencies in the current EU regulations for including crypto in UCITS funds, with some countries allowing it while others do not. “Germany and Malta allow UCITS funds to hold crypto, but other countries such as Luxembourg and Ireland don’t,” said - [Hong Kong SFC Marks 35th Year By Opening Up to Virtual Asset Trading](https://news.shib.io/2024/10/08/hong-kong-sfc-marks-35th-year-by-opening-up-to-virtual-asset-trading/): In celebration of its 35th anniversary, the Hong Kong Securities and Futures Commission (SFC) has expressed a growing commitment to being more open to virtual asset trading platforms (VATPs). Liang Fengyi, the chief executive of the China Securities Regulatory Commission, shared this direction in an exclusive interview with Hong Kong 01. Liang emphasized that the Hong Kong SFC aims to complete this comprehensive framework by 2025, which includes promoting the tokenization of traditional products and leveraging regional chain and Web 3.0 technologies. The SFC’s new strategic priorities, which will guide its efforts from 2024 to 2026, focus on enhancing market - [Asian Crime Groups Exploit Tech for Cyber-Enabled Fraud - Study](https://news.shib.io/2024/10/08/asian-crime-groups-exploit-tech-for-cyber-enabled-fraud-study/): Asian organized crime groups are reportedly converging and leveraging malware, generative artificial intelligence (AI), and deepfakes to expand their reach and increase their gains. Such a trend was shared on Monday in a report by the UN Office on Drugs and Crime (UNODC). The report, titled “Transnational Organized Crime and the Convergence of Cyber-Enabled Fraud, Underground Banking, and Technological Innovation: A Shifting Threat Landscape,” details how criminal organizations are using advanced technologies to disguise their activities, launder money, and evade law enforcement. “Organized crime groups are converging and exploiting vulnerabilities, and the evolving situation is rapidly outpacing governments’ capacity to - [Crypto Monday: Legal Battles, Cybercrime And Bitcoin](https://news.shib.io/2024/10/07/the-shib-crypto-recap-monday-2/): This Monday, The Shib Daily turns it spotlight on the fight to reclaim stolen crypto linked to the infamous Lazarus Group, the exposé of links between organized crime syndicates and cybercrime, Bitcoin’s resilience, and major players expanding their Bitcoin holdings.   Monday Crypto: U.S. Launches Legal Battle The U.S. government is taking legal steps to recover about $2.67 million in cryptocurrency that the Lazarus Group has stolen. This North Korean hacking organization is implicated in major cybercrimes. Two complaints have been filed to seize assets from hacks on Deribit and Stake.com. One filing seeks to recover $1.7 million in Tether - [Bitcoin Remains Top Asset in 2024 Despite Q3 Challenges: Report](https://news.shib.io/2024/10/07/bitcoin-remains-top-asset-in-2024-despite-q3-challenges-report/): Bitcoin has remained the top-performing asset of 2024 despite challenges in the third quarter, according to a report from the New York Digital Investment Group (NYDIG).  The report, issued last friday, noted that Bitcoin recorded a modest 2.5% gain during Q3, recovering from a decline in the second quarter. However, the cryptocurrency faced persistent selling pressure throughout the period. “Bitcoin is still the best-performing asset class in 2024, but its lead has narrowed,” said Greg Cipolaro, head of research at NYDIG. He added that Bitcoin has experienced a 49.2% year-to-date increase, reflecting its resilience despite market challenges. Bitcoin encountered several - [US Is Bent On Seizing Back $2.67M in Crypto Stolen by Lazarus Group](https://news.shib.io/2024/10/07/u-s-is-bent-on-seizing-back-2-67m-in-crypto-stolen-by-lazarus-group/): The United States government has initiated legal action to recover approximately $2.67 million in cryptocurrency stolen by the Lazarus Group, a North Korean-affiliated hacking organization. Last Friday, two complaints were filed seeking to seize assets connected to major hacks targeting the Deribit and Stake.com platforms. The first legal filing seeks to recover about $1.7 million in Tether (USDT) stolen from the Deribit exchange during a 2022 cyberattack. The complaint states that the Lazarus Group breached the platform’s hot wallet, siphoning $28 million. The stolen funds were funneled through Tornado Cash, a known cryptocurrency mixer used to obscure transaction trails. Another - [Russian Evil Corp Syndicate May Have Links With LockBit: Report](https://news.shib.io/2024/10/07/russian-evil-corp-syndicate-may-have-links-with-lockbit-report/): International law enforcement efforts have intensified following reports that the Russia-based cybercrime syndicate Evil Corp may have ties to the ransomware group LockBit. A recent report by Chainalysis reveals that both groups share cryptocurrency infrastructure, indicating potential collaboration. This development comes as the U.S., UK, and Australian governments imposed sanctions on key Evil Corp members for their involvement in widespread financial theft and ransomware attacks. The U.S. Department of the Treasury, alongside the UK’s Foreign, Commonwealth & Development Office (FCDO) and Australia’s Department of Foreign Affairs and Trade (DFAT), imposed sanctions on key figures within Evil Corp last week. This - [Brazil Adds DeFi Integration to Drex Digital Currency Project](https://news.shib.io/2024/10/07/brazil-adds-defi-integration-to-drex-digital-currency-project/): Brazil is making significant strides in its Central Bank Digital Currency (CBDC) initiative, known as Drex, by incorporating elements of decentralized finance (DeFi) into the project. This latest phase aims to modernize the country’s financial infrastructure and introduces innovative experimentation that integrates DeFi concepts into the CBDC framework. Roberto Campos Neto, the President of Banco Central do Brasil, discussed these advancements on October 3, 2024. He emphasized Brazil’s ambition for a multidimensional CBDC that addresses the complex challenges of decentralization, privacy, and programmability. Financial Challenges In his presentation, Neto highlighted that Drex is designed to confront a long-standing financial challenge - [ICHCoin Scam: FBI Urges More Victims to Speak Out](https://news.shib.io/2024/10/07/ichcoin-scam-fbi-urges-more-victims-to-speak-out/): The FBI is urging more victims of the fraudulent cryptocurrency platform, ICHCoin, to come forward. This is after the scam platform reportedly siphoned millions of dollars from unsuspecting individuals across the United States.  Assistant Special Agent in Charge Amanda Culver labeled ICHCoin as both a “scheme” and a “scam.” The scheme typically begins with fake social media profiles reaching out to potential victims on platforms like Instagram and Facebook. These accounts lure users with promises of lucrative investment opportunities in cryptocurrency. Once the initial contact is made, victims are redirected to WhatsApp, where they communicate with individuals posing as experts - [Mark Cuban Calls Memecoins "Drawn-Out Rug Pulls" on Podcast](https://news.shib.io/2024/10/07/mark-cuban-calls-memecoins-drawn-out-rug-pulls-on-podcast/): Investor Mark Cuban delivered harsh words against memecoins when he recently appeared on the Rug Radio podcast.  Cuban described all memecoins as “drawn-out rug pulls” on the platform, saying these have no real-world utility. He even compared memecoin trading to playing roulette. He explained that while these often attract strong communities, they ultimately lack long-term value. “It’s like a game of musical chairs,” Cuban said, highlighting that memecoin investors are essentially gambling, hoping not to be left without a buyer when the music stops. He likened the market to the Greater Fool Theory — a hypothesis suggesting that investors can - [New UAE VAT Rules to Include Exemptions for Crypto](https://news.shib.io/2024/10/07/new-uae-vat-rules-to-include-exemptions-for-crypto/): The UAE Federal Tax Authority (FTA) has announced significant amendments to the Executive Regulation of Federal Decree-Law No. 8 of 2017 on Value Added Tax (VAT).  These changes, which come into effect on November 15, 2024, under Cabinet Decision No. 100 of 2024, aim to enhance clarity, provide detailed guidelines, and align VAT procedures with broader tax legislation. New UAE VAT Rules for November The amendments aim to refine existing provisions to ensure compliance and transparency in the UAE’s evolving tax landscape. The changes target key areas, including the export of goods and services, financial services, and virtual assets. Among - [#MakeNowMeme Lets TikTok Users Make Their Own Memecoins](https://news.shib.io/2024/10/07/makenowmeme-lets-tiktok-users-make-their-own-memecoins/): TikTok has introduced a new hashtag — #MakeNowMeme — that allows users to create their own memecoins directly from the app.  Makenow.meme enables users to claim 4% of the total supply of any memecoin they create — and it starts with connecting a TikTok account to the platform.   Memecoins, once seen as a niche in the cryptocurrency market, are surging in popularity following Bitcoin’s recent rally. Many of these digital coins have posted impressive double-digit gains over the past 30 days, sparking renewed interest and leading investors to question whether another memecoin season is on the horizon. This trend - [Metaplanet Expands Bitcoin Holdings with $6.7M Buy](https://news.shib.io/2024/10/07/metaplanet-expands-bitcoin-holdings-with-6-7m-buy/): Japanese investment firm Metaplanet announced on Monday that it has added 108.78 Bitcoin to its holdings, purchasing the cryptocurrency for 1 billion yen ($6.7 million). This acquisition increases the company’s total Bitcoin holdings to 639.5 BTC, valued at approximately 5.96 billion yen ($40 million). Metaplanet has been following an aggressive Bitcoin acquisition strategy, similar to that of U.S. company MicroStrategy. The firm has been purchasing Bitcoin as part of a corporate treasury management plan, a shift aimed at addressing economic challenges in Japan, such as negative interest rates and quantitative easing. Since adopting this Bitcoin-focused strategy, the company has seen - [Dev Who Burned Himself For His DARE Token Calls It Quits](https://news.shib.io/2024/10/07/dev-who-burned-himself-for-his-dare-token-calls-it-quits/): Mikol, the developer behind the Solana-based meme coin Truth or Dare (DARE), has announced he is stepping away from the project after a dangerous stunt left him hospitalized with third-degree burns.  The meme coin initiative that Mikol spearheaded, Truth or Dare, gained attention as he engaged in live-streamed stunts to boost his cryptocurrency’s value. Over a period of six days, Mikol’s eccentric performances escalated until a stunt involving him covering himself in isopropyl alcohol and being targeted with fireworks by his associates led to a dangerous situation. He inadvertently set himself on fire, resulting in severe third-degree burns over 30% - [The Weekly Meme Digest](https://news.shib.io/2024/10/06/the-weekly-meme-digest-19/): 🎉 Meme-ify Your Crypto Week: The Weekly Meme Digest is Back! 🐕🔥 Welcome back, fellow degens, to The Weekly Meme Digest, your much-needed breather in the chaos of crypto, blockchain, and web3! While everyone else is busy throwing around boring headlines, we’re here to dish up the juiciest gossip with a side of memes. Because let’s face it: we’re here for the Shiba Inu energy—smart, unfiltered, and totally meme-worthy. This isn’t your typical, yawn-inducing news roundup. Nah, we’re keeping it fresh, spicy, and sarcastic, just the way you like it. 😎💥 This week’s edition? Let’s just say it’s serving more - [Snowden at Token 2049: Crypto's Calcified, Billionaires Beware, and Solana? Just Memes and Scams!](https://news.shib.io/2024/10/06/snowden-at-token-2049-cryptos-calcified-billionaires-beware-and-solana-just-memes-and-scams/): Welcome to the crypto party, where Edward Snowden just dropped the mic in a way that only Snowden can. Speaking at Token 2049 in Singapore, the former NSA contractor turned privacy advocate had some spicy takes, and boy, did he stir the pot. You’d think the CIA would be old news, but Snowden’s back to remind us that Big Brother is watching—everyone—and it’s not just the government’s hobby anymore. 😎 First, Snowden’s tale of how Pavel Durov, founder of Telegram, was almost held hostage in France is giving off James Bond meets tech bro vibes. Snowden didn’t hold back, explaining - [Coinbase to Drop Tether in the EU: Because Who Needs Stability When You Can Have Rules?](https://news.shib.io/2024/10/06/coinbase-to-drop-tether-in-the-eu-because-who-needs-stability-when-you-can-have-rules/): Have you heard about the latest drama brewing in the EU? Coinbase is about to make your holiday season extra spicy. Starting December 30, Europe’s crypto scene might be waving goodbye to some of its beloved stablecoins—chief among them, Tether. Yes, you heard that right, the largest stablecoin might soon be persona non grata in the EU, thanks to the snazzy new Markets in Crypto Assets (MiCA) regulations, MiCA, the EU’s new crypto sheriff, cracking down on stablecoins without proper licenses. 🤠 🎄🎁 Coinbase is playing the role of the responsible adult at the crypto party (we know, ironic, right?), - [Hacker Buffet: September Served Up $120 Million in Crypto Hacks](https://news.shib.io/2024/10/06/hacker-buffet-september-served-up-120-million-in-crypto-hacks/): Buckle up, crypto fans—September 2024 was a wild month for hacks, with over $120 million stolen in just a few high-profile heists. That’s right, hackers made off with more than your typical “rug-pull” haul, targeting centralized and decentralized platforms alike, making it one of the most significant crypto-crime months of the year. 🚨💸 Leading the list of casualties was Singapore-based exchange BingX, which saw an eye-watering $44 million vanish in a single incident​. Not to be outdone, Indodax, one of Indonesia’s largest crypto exchanges, had $22 million stolen. Imagine waking up and realizing that a chunk of your entire platform’s - [The Irony of Financial Freedom for the Elite: Trump’s Crypto Venture Excludes the Average Joe](https://news.shib.io/2024/10/06/the-irony-of-financial-freedom-for-the-elite-trumps-crypto-venture-excludes-the-average-joe/): Howdy, howdy all you lovely people😃. We are back with yet another series full of fun and frolic! We promise this one is really gonna get you on the floor screaming LOL!😁 As you might have guessed already, we are delving deep into the Trump family again😛. In a twist of irony that could only be scripted in today’s financial landscape, World Liberty Financial—the DeFi platform has rolled out its whitelist for accredited investors. It left the average American out in the cold😐.  The company’s mission to bring “financial freedom to everyone” rings hollow when it comes with a hefty - [The Great Satoshi Guessing Game: Crypto Bros Buzzing Over HBO Doc’s Big Reveal ](https://news.shib.io/2024/10/06/the-great-satoshi-guessing-game-crypto-bros-buzzing-over-hbo-docs-big-reveal/): Well, hello there, conspiracy theorists. 🕵🏽 An upcoming HBO documentary titled Money Electric: The Bitcoin Mystery claims it’s cracked the case of Satoshi Nakamoto—the genius behind Bitcoin who’s been playing hide-and-seek for ages. 🐱‍👤 If they’re onto something, we might just have a billionaire on our hands! Satoshi could be controlling about 1.1 million Bitcoin. 🤑 This means the mysterious Bitcoin mastermind could be worth around $66 billion… assuming they haven’t lost the digital keys to their crypto treasure chest. I mean, who hasn’t lost a few keys before, right? 🛅 It’s a mixed bag of feelings out there, but - [DeFi Projects Under Attack: EigenLayer Loses Nearly $6M While K9 Finance Reveals Security Threat](https://news.shib.io/2024/10/05/defi-projects-under-attack-eigenlayer-loses-nearly-6m-while-k9-finance-reveals-security-threat/): A wave of security breaches is washing over the decentralized finance (DeFi) landscape, leaving investors on edge and projects scrambling to contain the damage. From multi-million dollar exploits to sophisticated phishing campaigns, the attacks targeting EigenLayer, Symbiotic, and K9 Finance DAO this week expose the vulnerabilities of this rapidly evolving sector and underscore the critical need for enhanced security measures.  The decentralized finance (DeFi) space is reeling from a series of security incidents this week, with EigenLayer, Symbiotic, and K9 Finance DAO all facing separate attacks. EigenLayer, a restaking protocol, suffered a significant loss of approximately $5.7 million after a - [Is This Memetober Already? Shiba Inu Could Surge By 351%, Analyst Predicts](https://news.shib.io/2024/10/05/shiba-inu-could-surge-by-351-analyst-predicts-is-this-memetober-already/): The scent of a potential price pump hangs heavy in the digital air. A blend of speculation and excitement that whispers of meme magic. Is Memetober already upon us? One analyst thinks so, pointing to the recent price action of Shiba Inu and predicting a potential 351% surge that could send the dog-themed token to the moon.  Shiba Inu (SHIB), the popular dog-themed altcoin, has shown renewed strength in recent trading, breaking out of a falling wedge pattern, according to crypto analyst Javon Marks (@JavonTM1 on X).  Marks, (@JavonTM1 on X), told their nearly 43K followers, the significant upside potential - [Shibarium Gets Its First Telegram Trading Bot, BarkBot Via K9 Finance DAO](https://news.shib.io/2024/10/05/shibarium-gets-its-first-telegram-trading-bot-barkbot-via-k9-finance-dao/): The tantalizing aroma of innovation hangs heavy in the air, a scent familiar to the crypto world, yet distinctly different. BarkBot, the first Telegram-based trading bot built on the Shibarium network, promises to reshape the decentralized finance (DeFi) landscape, one Telegram message at a time. Its arrival marks not just a new tool for traders, but a potential catalyst for the entire Shiba Inu ecosystem. The Shiba Inu community, affectionately known as the ShibArmy, had long yearned for a more accessible entry point into the sometimes daunting world of DeFi. Navigating complex interfaces and grappling with the intricacies of blockchain - [The Shib Crypto Recap: Friday](https://news.shib.io/2024/10/04/the-shib-crypto-recap-friday-2/): Friday’s top news headlines bring a wave of security issues within the Web3 ecosystem, highlighting the persistent challenges that threaten the safety of digital assets. Concurrently, there are significant developments in regulatory frameworks, particularly with the introduction of stricter Anti-Money Laundering (AML) guidelines designed to safeguard against illicit activities. Alongside these developments is a growing trend towards integrating traditional financial systems with digital currencies, paving the way for a more cohesive financial landscape. Stolen Fortunes: $750 Million Lost in Q3 2024 Web3 Hacks and Michael Terpin’s $24 Million Lost in Recent SIM Swap Scam In its Q3 2024 Hack3d report, - [Russian Hackers Use Fake AI Websites to Steal Crypto Wallet Info - Report](https://news.shib.io/2024/10/04/russian-hackers-use-fake-ai-websites-to-steal-crypto-wallet-info-report/): Russian hackers are using fake AI websites to steal sensitive information, including cryptocurrency wallet details. According to a report from cybersecurity firm Silent Push, the hacking group behind the attack, known as FIN7, created deceptive websites that promise AI-generated non-consensual nude images but instead distribute malware. These fake AI websites lure users by offering seemingly legitimate services that allow individuals to upload images and generate deepfake content. However, when users attempt to download the promised images, they are directed to a Dropbox link that either fails to work or delivers malware to their devices. The malware deployed, identified as RedLine - [Cambodian Journalist Mech Dara Charged After Exposing Crypto Scams](https://news.shib.io/2024/10/04/cambodian-journalist-mech-dara-charged-after-exposing-crypto-scams/): Renowned Cambodian journalist Mech Dara has been arrested and charged with “incitement to cause public disorder” after sharing images on social media that reportedly showed the destruction of stairs at a religious site by a quarry operation.  The post, now deleted, has drawn accusations from authorities that Dara was attempting to create social unrest. His lawyer confirmed that he was charged under articles 494 and 495 of Cambodia’s Criminal Code, which carries a prison sentence of up to two years. Human rights groups believe Dara’s arrest may be linked to his investigative reporting on crypto-related scams and human trafficking. Before - [Live Trials of Swift-Powered Digital Asset Transactions to Start in 2025](https://news.shib.io/2024/10/04/live-trials-of-swift-powered-digital-asset-transactions-to-start-in-2025/): Banks across North America, Europe, and Asia will utilize the Swift network for live trials of digital asset and currency transactions beginning in 2025.  Swift is poised to interlink central bank digital currencies (CBDCs) globally and merge various digital asset and cash networks. According to a press release, the initial use cases for the trials will focus on critical areas such as payments, foreign exchange (FX), securities, and trade, enabling multi-ledger Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) transactions. Around 134 countries are currently exploring the implementation of CBDCs, and the tokenized asset market is projected to soar to $16 trillion by 2030. - [Bitcoin Mining, AI Data Centers Drive Energy Demand in Texas - Report](https://news.shib.io/2024/10/04/bitcoin-mining-ai-data-centers-drive-energy-demand-in-texas-report/): Bitcoin mining has surged in popularity in Texas, contributing significantly to the state’s rising electricity demand.  According to CleanTechnica, citing a report from the Electric Reliability Council of Texas (ERCOT), the state’s power grid is expected to experience a sharp increase in energy consumption, driven by industries like cryptocurrency mining and artificial intelligence (AI) data centers. ERCOT estimates that Texas will require an additional 65,000 megawatts of electricity by 2030 to meet demand from these sectors and the growing population. During a Senate committee meeting early this year, Texas lawmakers expressed concerns about the strain Bitcoin mining and AI data - [CertiK: Over $750M Stolen in Web3 Security Breaches in Q3 2024](https://news.shib.io/2024/10/04/certik-over-750m-stolen-in-web3-security-breaches-in-q3-2024/): CertiK, a blockchain security firm, released its Q3 2024 Hack3d report, revealing over $750 million lost to Web3 security breaches across 155 incidents.  This brings the total value stolen in 2024 to nearly $2 billion. While the number of incidents declined compared to the previous quarter, the total value lost increased by 9.5%. Phishing attacks and private key compromises were the leading causes of theft, accounting for $668 million in losses. Phishing, a technique where attackers impersonate legitimate entities to gain sensitive information, resulted in $343.1 million lost over 65 incidents. A notable phishing attack involved stealing $238 million in - [Taiwan FSC Tightens AML Rules and Expands Access for Crypto Investors](https://news.shib.io/2024/10/04/taiwan-fsc-tightens-aml-rules-and-expands-access-for-crypto-investors/): Taiwan’s Financial Supervisory Commission (FSC) has introduced new rules to tighten anti-money laundering (AML) measures in the crypto sector. The FSC has developed a draft of the “Money Laundering Prevention and Registration Measures for Enterprises or Personnel Providing Virtual Asset Services,” also known as the VASP Registration Measures. This draft includes amendments to the “Virtual Currency Platform and Trading Business Enterprise Prevention and Control Measures,” along with the “VASP Anti-Terrorism Measures.” Key Features of the Draft VASP Rules The draft VASP registration regulations consist of 31 articles addressing various aspects of virtual asset services. Key components include: Taiwan FSC Scraps - [Teen Sued for $24M Theft in SIM Swap Scam](https://news.shib.io/2024/10/04/teen-sued-for-24m-theft-in-sim-swap-scam/): Cryptocurrency investor Michael Terpin sued a recent high school graduate for allegedly stealing $24 million worth of his digital assets in a sophisticated SIM swap scam.  Terpin claimed that the thief exploited a vulnerability in the two-factor authentication (2FA) system protecting his cryptocurrency wallet. The lawsuit also sees Terpin seeking an additional $45 million in damages from telecommunications giant AT&T, accusing the company of negligence in failing to prevent the attack. Terpin, a prominent figure in the cryptocurrency world, alleged that the teenager successfully bypassed his 2FA protections by taking control of his SIM card.  Blockchain investigator ZachXBT expressed his - [BBVA Bank Eyes Stablecoin Launch Amid Growing Popularity of Digital Assets](https://news.shib.io/2024/10/04/bbva-bank-eyes-stablecoin-launch-amid-growing-popularity-of-digital-assets/): Spain’s second-largest bank, BBVA, plans to launch its own stablecoin in 2025 in collaboration with Visa.  Wu Blockchain mentioned this move in an X post on Thursday. This comes as stablecoins, digital currencies pegged to the value of a traditional asset like the U.S. dollar or euro, continue to gain popularity among financial institutions, businesses, and consumers alike. BBVA is currently participating in Visa’s new project. Its stablecoin initiative is in the sandbox phase, which allows for early-stage testing of the concept. The goal is to move into the prototype and operational phases by next year. Stablecoin Dominance Spurs Regulatory Concerns - [The Shib Crypto Recap: Thursday](https://news.shib.io/2024/10/03/the-shib-crypto-recap-thursday-2/): Today’s top cryptocurrency headlines are focused on conversations about regulatory leadership changes, Edward Snowden’s remarks criticizing Solana, the growing influence of cryptocurrency on U.S. politics, and self-custody practices in crypto highlighted by a major bank’s recent technical outage. Grewal’s Resignation: A Catalyst for Change or a Sign of Trouble at the SEC? A cloud of uncertainty surrounds the U.S. Securities and Exchange Commission (SEC) as its top enforcer, Gurbir S. Grewal, plans to resign effective October 11, 2024. This sudden departure is stirring speculation in the financial and cryptocurrency sectors, with many questioning the reasons behind it. The short notice - [Uptober Blues: Can Crypto Overcome Market Anxieties and Geopolitical Strife?](https://news.shib.io/2024/10/03/uptober-blues-can-crypto-overcome-market-anxieties-and-geopolitical-strife/): Uptober, a term coined within the cryptocurrency community, typically describes a month of bullish activity and upward price movements. This usually takes place as the market prepares for the year-end rally. Historically, enthusiasts have looked forward to renewed investments, an increase in trading volumes, and various crypto-related events. This period typically includes major conferences and community meetups. However, this year’s Uptober so far doesn’t seem to be taking off as anticipated. Several factors contribute to this stalled momentum, with geopolitical tensions—particularly the escalating conflict between Iran and Israel—remaining a significant concern. Such factors are currently weighing heavily on market enthusiasm. - [Ripple Preps for New Legal Battle as SEC Appeals Court Decision](https://news.shib.io/2024/10/03/ripple-preps-for-new-legal-battle-as-sec-appeals-court-decision/): Ripple Labs CEO Brad Garlinghouse has pledged to continue the company’s legal fight with the U.S. Securities and Exchange Commission (SEC) after the regulator announced plans to appeal a recent court ruling. The appeal follows Ripple’s partial victory in a lawsuit filed by the SEC in 2020, which accused the company of illegally selling unregistered securities through its XRP token. In a post on X (formerly Twitter) yesterday, Garlinghouse stated, “Somehow, they still haven’t gotten the message: they lost on everything that matters,” referring to the SEC’s decision to challenge the ruling. He added, “While we’ll fight in court for - [Three Generations of Jeans Makers, One Leap into Crypto: Orod Jeans & Shiba Inu](https://news.shib.io/2024/10/03/three-generations-of-jeans-makers-one-leap-into-crypto-orod-jeans-shiba-inu/): Orod Jeans, a 70-year-old family business, stands at this intersection of tradition and innovation, in the heart of Tehran where the scent of spices and the clatter of commerce mingle with the hum of a digital revolution. Across three generations, the family has stitched together a legacy of quality craftsmanship and competitive pricing.  Now, they’re taking a bold leap into the future, embracing Shiba Inu and its governance token, Bone, as forms of payment. More than just a business decision, this strategic move is a family’s testament to the transformative power of cryptocurrency. The story began in the post-World War - [Ethereum Whale Sells $47.5M Worth of ETH as Market Slumps](https://news.shib.io/2024/10/03/ethereum-whale-sells-47-5m-worth-of-eth-as-market-slumps/): An Ethereum whale participating in the blockchain’s initial coin offering (ICO) in 2014 has begun selling large portions of Ether.  According to Lookonchain, an on-chain analytics platform, the entity sold 19,000 ETH, valued at approximately $47.5 million, over the last two days. The sales followed an earlier transaction in late September, where more than 12,000 ETH, worth $31.6 million, was sent to Kraken. Lookonchain reported that the entity acquired 150,000 ETH during Ethereum’s ICO for around $46,500. Today, that amount is worth nearly $400 million. The recent sales have coincided with a sharp decline in Ethereum prices, which have dropped - [Coinbase Seeks Court Order Forcing CFTC to Release SEC Docs](https://news.shib.io/2024/10/03/coinbase-seeks-court-order-forcing-cftc-to-release-sec-docs/): Coinbase has petitioned a federal court to compel the Commodity Futures Trading Commission (CFTC) to disclose communications with several cryptocurrency token issuers. The exchange seeks this information to defend against a lawsuit from the Securities and Exchange Commission (SEC), which alleges that Coinbase sold unregistered securities. According to a motion filed on Tuesday, Coinbase is asking for the CFTC’s communications with the issuers of 12 cryptocurrencies that the SEC claims are unregistered securities. “This information is critical to Coinbase’s ability to defend itself against the allegations,” the company stated in its filing. The exchange also requested documents regarding the CFTC - [Crypto Offers Shield Against State Overreach, Snowden Declares](https://news.shib.io/2024/10/03/crypto-offers-shield-against-state-overreach-snowden-declares/): Edward Snowden, the name synonymous with whistleblowing and the fight for digital privacy, delivered a message that resonated deeply within the crypto community, championing cryptocurrency as a powerful tool to protect free speech and limit the unchecked power of governments.  Speaking at the Token 2049 conference in Singapore, Snowden argued that decentralized, censorship-resistant technologies like Bitcoin offer a bulwark against state control, particularly in the financial and communication realms. His message resonates deeply within the crypto community, where concerns about government overreach and the erosion of privacy are widespread. Crypto: A Bulwark Against the Expanding Reach of the State Snowden’s - [Bank of America Outage Highlights Crypto Mantra: Not Your Keys, Not Your Coins](https://news.shib.io/2024/10/03/bank-of-america-outage-highlights-crypto-mantra-not-your-keys-not-your-coins/): Bank of America’s recent technical outage, which left thousands of customers unable to access their accounts or seeing $0 balances, has reignited the cryptocurrency community’s mantra: “Not your keys, not your coins.” The outage occurred yesterday due to a glitch affecting mobile and online banking platforms. This sparked widespread concern as customers were temporarily locked out of their finances, leading some to vent their frustration on social media. For many in the crypto space, this was a stark reminder of the importance of controlling one’s financial assets. The Bank of America outage is a perfect case study for crypto advocates - [Telegram Clarifies Privacy Policy Amid User Concerns](https://news.shib.io/2024/10/03/telegram-clarifies-privacy-policy-amid-user-concerns/): Telegram has once again emphasized that its practice of disclosing user information to authorities remain largely unchanged, adding that strict conditions have been in place since 2018. In his Telegram channel, co-founder Pavel Durov explained that while Telegram’s privacy policy allows it to share IP addresses and phone numbers of criminals with authorities in most countries, the request still needs to meet specific legal requirements. Durov noted that these requests have always been processed through proper communication channels and that the platform ensures the requests are legitimate before disclosing any information. “We’ve always strived to comply with relevant local laws - [Ro Khanna Champions Bitcoin's Role in US Financial Strategy](https://news.shib.io/2024/10/03/ro-khanna-champions-bitcoins-role-in-us-financial-strategy/): Democratic representative Ro Khanna has emerged as a vocal advocate in solidifying Bitcoin’s place in America’s financial strategy. According to analytics platform Radar on X, Khanna called for the U.S. to hold onto Bitcoin seized from criminal activities rather than auctioning it off, as has been standard practice. He also reportedly highlighted the digital currency’s role in positioning the U.S. at the forefront of the global crypto economy. JUST IN: 🇺🇸 Congressman Ro Khanna supports establishing a #Bitcoin Strategic Reserve pic.twitter.com/C3RVfK0SlW — Radar🚨 (@RadarHits) October 2, 2024 As Bitcoin’s value continues to surge, lawmakers also increasingly consider it a potential - [Bitcoin Friday Futures Launch Sees 31K Contracts Traded on Day 1](https://news.shib.io/2024/10/03/bitcoin-friday-futures-launch-sees-31k-contracts-traded-on-day-1/): CME Group, the derivatives marketplace, has announced that its Bitcoin Friday futures (BFF) have launched and are available for trading.  With more than 31,000 contracts traded on day one, BFF is said to be CME’s most successful crypto futures launch ever. “With more than 31,000 contracts traded on day one, Bitcoin Friday futures have become our most successful crypto futures launch ever,” said Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group. The BFF launch represents a significant advancement in the broadening of crypto derivatives markets, offering investors a flexible and efficient way to manage their Bitcoin exposure. The - [India Battling Cyber Slavery and Human Trafficking in Southeast Asia](https://news.shib.io/2024/10/03/india-battling-cyber-slavery-and-human-trafficking-in-southeast-asia/): Cyber slavery has reportedly entrapped tens of thousands of Indians across several countries in Southeast Asia. They are forced to work for online scammers targeting Indians at home and defrauding millions of dollars from them. Now the Indian government is cracking down on this crime. According to a report from WION, India’s telecom ministry disconnected 21.7 million mobile phone connections and blocked some 226,000 handsets in a bid to handle the issue. It also set up an inter-ministerial panel which includes the Home Ministry, Immigration Bureau, Financial Intelligence Unit, Reserve Bank of India, Information Technology Ministry, and National Investigation Agency (NIA). - [Crypto Voters May Influence US Politics - Study](https://news.shib.io/2024/10/03/crypto-voters-may-influence-us-politics-study/): Cryptocurrency is no longer just a digital asset. It’s rapidly becoming a political force reshaping how Americans engage with the democratic process. Per a recent ConsenSys report, pro-crypto policies have the potential to significantly influence voter behavior. It can also capture the attention of the growing crypto electorate. The study reveals that crypto voters are emerging as a growing constituency with the potential to influence elections. However, it also says that these voters are pushing beyond election results to transform how governance is discussed in the United States. They have their ideals rooted in blockchain technology — such as decentralization, - [Solana Centralized? Edward Snowden Questions Its Utility Beyond 'Meme Coins and Scams'](https://news.shib.io/2024/10/03/solana-edward-snowden-labels-sol-centralized-questions-its-utility-beyond-meme-coins-and-scams/): A stinging critique from Edward Snowden, the former National Security Agency contractor turned privacy advocate, casts a shadow over the Solana blockchain. Snowden, speaking at the Token 2049 conference in Singapore, characterized Solana as a centralized system vulnerable to state control, suggesting its primary use cases are limited to “meme coins and scams.” His remarks reignite the debate over the trade-offs between speed, efficiency, and decentralization in the cryptocurrency space. Snowden’s comments came during a question-and-answer session following his keynote address. An audience member asked about designing secure technology, prompting Snowden to contrast Bitcoin’s “calcified” but decentralized structure with projects - [Is Gensler Next? SEC Enforcement Chief's Abrupt Exit Sparks Controversy](https://news.shib.io/2024/10/03/sec-enforcement-chiefs-abrupt-exit-sparks-controversy-is-gensler-next/): A cloud of speculation hangs over the U.S. Securities and Exchange Commission (SEC) as Gurbir S. Grewal, the agency’s top enforcer, prepares to abruptly depart. His announced resignation, effective October 11, 2024, has sent ripples through the financial and cryptocurrency worlds, with some observers suggesting more than meets the eye. The nine-day notice, the lack of a permanent replacement, and the politically charged atmosphere surrounding the SEC all fuel the intrigue. The SEC’s press release, issued Wednesday, painted a picture of amicable departure and lauded Grewal’s three-year tenure. Chair Gary Gensler praised Grewal’s commitment to investor protection and highlighted the - [SHIB's Uptober](https://news.shib.io/2024/10/02/shibs-uptober/): Read the latest edition of The Shib magazine here. - [The Shib Crypto Recap: Wednesday](https://news.shib.io/2024/10/02/the-shib-crypto-recap-wednesday-2/): In today’s cryptocurrency news, the focus predominantly lies on regulatory measures affecting the crypto market and high-profile crypto theft cases. These highlight the growing concerns and complexities that plague this industry. Meanwhile, optimistic signals are gaining traction in the Shiba Inu universe as of late. September saw promising gains for the dog-themed altcoin. Uruguay Joins LATAM Crypto Movement: New Law Empowers Central Bank to Oversee Digital Assets Uruguay has introduced a law to regulate cryptocurrency. It is now among the few nations within Latin America with a legal framework for crypto trading. The law empowers the Central Bank of Uruguay - [Shiba Inu's Ascent: Decoding the Recent Price Surge with CIFDAQ Chairman](https://news.shib.io/2024/10/02/shiba-inus-ascent-decoding-the-recent-price-surge-with-cifdaq-chairman/): Shiba Inu, the meme coin that once seemed content to play in the shadows of Dogecoin, is experiencing a moment in the sun. A recent price surge has propelled SHIB into the spotlight, leaving many wondering if this playful pup has finally grown into a formidable force in the crypto market. To understand the factors driving this remarkable ascent, The Shib turned to Himanshu Maradiya, Founder and Chairman of CIFDAQ Blockchain Ecosystem India Ltd., a seasoned business leader and blockchain visionary with a deep understanding of the forces shaping the digital asset landscape. The Shib: What are the underlying factors driving - [Defying the September Curse: An Exclusive Interview with Shibtoshi on Shiba Inu Price Surge](https://news.shib.io/2024/10/02/defying-the-september-curse-an-exclsuive-interview-with-shibtoshi-on-shiba-inu-price-surge/): Shiba Inu, the meme coin that once seemed destined to be a fleeting internet sensation, is defying expectations and rewriting its own narrative. As the project expands its ecosystem and navigates the often turbulent waters of the cryptocurrency market, a question hangs in the air: can SHIB shed its meme coin image and emerge as a serious contender in the digital asset arena? A recent price surge, defying market predictions and igniting a wave of renewed interest, suggests that Shiba Inu may be on the cusp of a profound transformation. To delve into the forces driving this remarkable ascent, The - [Deciphering the Shiba Inu Surge: A Q&A with Blockchain Expert Anndy Lian](https://news.shib.io/2024/10/02/shiba-inu-surge-deciphering-a-qampa-with-blockchain-expert-anndy-lian/): The Shiba Inu token has taken the crypto world by storm, experiencing a dramatic price surge that has left many wondering about the driving forces behind its momentum. To understand this phenomenon, The Shib sat down with Anndy Lian, a renowned blockchain expert and seasoned industry insider, to get his perspective on the factors fueling Shiba Inu’s rise and its potential for long-term success. The Shib: What are the underlying factors driving Shiba Inu’s recent price surge? Are there any fundamental changes in the cryptocurrency market or within the Shiba Inu ecosystem that have contributed to this growth? How has - [Aussie Police Seizes $6.4M in Crypto from Ghost App Maker](https://news.shib.io/2024/10/02/aussie-police-seizes-6-4m-in-crypto-from-ghost-app-maker/): The Australian Federal Police (AFP) seized $6.4 million (approx. A$9.3 million) in cryptocurrency from Jay Je Yoon Jung, the creator of the encrypted Ghost network. Authorities claim organized crime groups used the app for illegal activities, including drug trafficking and money laundering. The AFP stated today that its Criminal Assets Confiscation Taskforce (CACT) could access the cryptocurrency by deciphering the account’s seed phrase.  The seed phrase was reportedly found by analyzing digital devices recovered during a raid at Jung’s residence. The police explained, “This allowed the AFP to access the cryptocurrency to be transferred into secure AFP cryptocurrency storage.” Jung - [Prosecutors Charge South Korean Group in $22.7M Crypto Fraud](https://news.shib.io/2024/10/02/prosecutors-charge-south-korean-group-in-22-7m-crypto-fraud/): Prosecutors in South Korea have charged a group of suspected fraudsters accused of impersonating regulators to scam victims out of $22.7 million. According to local media reports, the group was led by four men in their 40s who allegedly tricked users into paying $5,000 in Tether (USDT). Fake Exchanges and Crypto Fraud in South Korea Authorities allege that the group created fraudulent trading platforms, including BISSNEX and BDCDP, which pretended to be legitimate crypto exchanges. They reportedly used YouTube channels and the Naver Band chat app to attract investors. Prosecutors say that once victims were on these platforms, the group - [Uruguay Introduces Law to Regulate Crypto Market](https://news.shib.io/2024/10/02/uruguay-introduces-law-to-regulate-crypto-market/): Uruguay has officially introduced a law to regulate cryptocurrency, making it one of the few LATAM countries with a legal framework for crypto trading. The law, approved by parliament and signed by President Luis Lacalle Pou, grants the Central Bank of Uruguay supervisory powers over domestic crypto exchanges and operators. According to reports from media outlets Ámbito Financiero and iProUP, the law provides the Central Bank with “supervisory and regulatory” authority over crypto-related activities, including registering crypto exchanges, fund managers, and wallet operators. The law also mandates adherence to anti-money laundering (AML) and counter-financing of terrorism (CFT) regulations. A registry - [Buterin Defends Hezbollah Betting Section on Polymarket](https://news.shib.io/2024/10/02/buterin-defends-hezbollah-betting-section-on-polymarket/): Ethereum co-founder Vitalik Buterin has expressed support for war-related betting markets on Polymarket, the decentralized predictions platform. His comments came after crypto community member “Legendary” raised concerns on X (formerly Twitter) regarding the existence of a Hezbollah betting section. The user argued that such markets trivialize conflict by turning it into a bet, likening it to a “football game to bet on.” In response, Buterin defended Polymarket, stating, “There are all kinds of people (including elites) on Twitter and the internet making harmful and inaccurate predictions about conflicts.”  He added that it’s valuable to see if those with “actual skin - [Shiba Inu's Kusama Declares: 'The Future is Bright Worldwide' ](https://news.shib.io/2024/08/07/shiba-inus-kusama-declares-the-future-is-bright-worldwide/): A wave of optimism is sweeping through the Shiba Inu community as lead developer Shytoshi Kusama foresees a bright worldwide future for the cryptocurrency industry. The bullish declaration coincides with the record-breaking growth on Shibarium, the crypto project’s Layer-2 scalability solution. In a recent X post, Kusama sparked intrigue within the crypto community by highlighting the growing political acceptance of digital assets. Responding to a post about Elon Musk’s upcoming interview with former President Donald Trump, Kusama declared their political impartiality while expressing optimism about the future of cryptocurrency: “😵… don’t care which side you are on. It’s exciting to - [The Burning Question](https://news.shib.io/2024/08/07/the-burning-question/): Read the latest edition of The Shib magazine here. - [Token Burning: Crypto Executive Busts Myths](https://news.shib.io/2024/08/07/interview-burning-questions-mr-lightspeed-unravels-the-token-burning-myth/): Token burning, the act of permanently removing tokens from circulation, has become an increasingly popular mechanism in the cryptocurrency space. Proponents have touted its potential to boost value, control inflation, and even influence broader economic factors. But how much of this is hype, and how much holds real economic weight? Delving into the controversial world of token burning, we engage in an exclusive dialogue with Christopher Johnson, PhD, also known as Mr. Lightspeed, the visionary behind Lightspeed Crypto Services and Bad Idea AI. The Shib: Beyond price fluctuations, what are the broader economic implications of token burning, such as its - [Shiba Inu Ecosystem Thrives, New Shibarium Record Sets Bullish Tone](https://news.shib.io/2024/08/07/shiba-inu-ecosystem-thrives-new-shibarium-record-sets-bullish-tone/): The Shiba Inu ecosystem is showing strong signs of growth, with a recent surge in Shibarium adoption signaling a potential upswing for the $SHIB token.   Data from Shibarium Scan, the official Shibarium chain explorer, revealed that new accounts on the network hit an all-time high on Tuesday,  a development that has sparked optimism among investors and fueled bullish price predictions. The surge in new Shibarium accounts points to a growing user base and increased confidence in the platform’s capabilities.  As a Layer-2 scaling solution built on top of Ethereum, Shibarium aims to provide faster and cheaper transactions, addressing key scalability - [Shiba Inu Primed for Explosive Growth, Expert Predicts Imminent Surge to $0.001](https://news.shib.io/2024/08/07/shiba-inu-primed-for-explosive-growth-expert-predict-imminent-surge-to-0-001/): Shiba Inu ($SHIB) is on the verge of a significant breakout, with prominent crypto analysts predicting an imminent surge toward the coveted $0.001 price target. A confluence of bullish technical indicators and positive market sentiment suggests that the popular meme coin is ready to shed its underdog status and reward early investors handsomely. Technical Signals Point to Bullish Reversal Crypto analyst Armando Pantoja (@_TallGuyTycoon on X) highlighted the bullish RSI divergence on the SHIB/USDT perpetual futures chart as a strong indicator of an impending upward move.  “The correction is over,” Pantoja asserted, “and it’s already in the prime buying range. - [K9 Finance's Roundtable of Dogs Sets Stage for Upcoming Hackathon](https://news.shib.io/2024/08/07/k9-finances-roundtable-of-dogs-sets-stage-for-upcoming-hackathon/): K9 Finance, Shiba Inu’s DeFi partner and a promising player in the Shibarium ecosystem, held their Roundtable of Dogs meeting last Friday to discuss their strategies for their upcoming hackathon event.  The speakers showcased K9’s prominent role in development, positioning it ahead of the ETH Toronto hackathon event next week. They stressed on the conference’s focus on Shiba Inu, promising to present top brands and a special surprise announcement reserved for the day of the event.  During the roundtable conference, the speakers also made a mention about their Testnet Guide, which they believe is fairly intuitive and can be accessed easily - [Exclusive Interview / WazirX Discusses Recovery Plans and Future After $230M Security Breach](https://news.shib.io/2024/08/06/exclusive-interview-wazirx-discusses-recovery-plans-and-future-after-230m-security-breach/): Indian crypto exchange WazirX lost around $230 million in a security breach last month. This created a huge furore across social media leading the crypto trading platform to offer a $23 million bounty to get a hold of the stolen assets.  The Shib Daily reached out to Nischal Shetty, co-founder of WazirX, to gain an understanding of the current situation, their next plan of action, and what the future holds for them.  Read The Shib’s coverage of the WazirX hack 1. Can you tell us briefly the steps you are taking or have already taken, to address the loss suffered - [Ethereum ETFs See Strong Inflows Amid Market Volatility](https://news.shib.io/2024/08/06/ethereum-etfs-see-strong-inflows-amid-market-volatility/): Spot ether ETFs had recorded a net inflow of $48.73 million on Monday despite the market downturn. Spot ether ETFs began trading only last month and have amassed a total net outflow of around $461.98 million.  BlackRock’s iShares ETF (ETHA) has been leading the charge. Currently, ETHA has seen cumulative net inflows of around $760 million. According to SoSoValue, a blockchain analysis firm, BlackRock’s ETHA continued leading the inflow charge with a whopping $47.09 million in net inflows.  VanEck’s Ethereum ETF (ETHV) secured $16.62 million in net inflows, which is its second-largest day since its launch. Fidelity’s Ethereum Fund (FETH) bagged - [French Regulator Accepts Crypto Service Provider Applications Ahead of MiCA Regulation](https://news.shib.io/2024/08/06/french-regulator-accepts-crypto-service-provider-applications-ahead-of-mica-regulation/): France’s financial markets regulator, the Autorité des Marchés Financiers (AMF), has begun accepting applications from cryptocurrency service providers while preparing for the European Union’s latest Markets in Crypto-Assets (MiCA) regulation. The body aims to create a comprehensive regulatory framework for digital assets across the European Union (EU).  AMF intends to accept applications right before MiCA’s implementation and streamline the transition process for crypto service providers. By adopting this move, AMF can make sure that French crypto businesses are knowledgeable about upcoming regulations.  The AMF also plans to build investor confidence with this move and uphold France’s position within the European - [BREAKING: Ronin Network Suspected to be Hacked of Over $11M, Bridge Paused, Investigation On](https://news.shib.io/2024/08/06/breaking-ronin-network-suspected-to-be-hacked-of-over-11m-bridge-paused-investigation-on/): The Ronin Network bridge, a crucial bridge safeguarding over $850 million in assets, has been temporarily suspended following reports of a potential $11 million exploit.  “The Ronin Network bridge has been paused while we investigate a report from whitehats about a potential MEV exploit,” Aleksander Larsen, Ronin co-founder, chairman, and COO of Axie Infinity, Ronin Network, and Sky Mavis, said in an X post. “We will follow up with more information shortly. The bridge currently secures over $850M which is safe,” the executive added. Blockchain security firm PeckShield was the first to raise the alarm, detecting suspicious activity involving approximately - [Shiba Inu 'Legendary Comeback' Predicted, SHIB Whales Buying Frenzy Soars Triple-Digit](https://news.shib.io/2024/08/06/shiba-inu-legendary-comeback-predicted-shib-whales-buying-frenzy-soars-triple-digit/): Despite a recent decline in price, Shiba Inu (SHIB) is experiencing a surge in large-scale transactions, commonly referred to as “whale activity,” according to on-chain data. This trend has sparked debate among analysts and investors about whether it signals a potential price reversal or a temporary blip in a bearish market, with one of them optimistic it will trigger a “legendary comeback” for the world’s second-largest dog-themed altcoin by market capitalization. In a recent X post, Crypto Sheriff (@Gem_Sheriff on X), a crypto analyst, declared, “SHIB is Strong! Get ready for the legendary comeback,” alongside a chart showcasing SHIB’s recent - ['Pretend Internet Money': Tezos Co-Founder Stirs Controversy With Bitcoin Jab Amid Market Carnage](https://news.shib.io/2024/08/06/pretend-internet-money-tezos-co-founder-stirs-controversy-with-bitcoin-jab-amid-market-carnage/): As the crypto market reeled from the brutal selloff on Monday, Kathleen Breitman, co-founder of the Tezos blockchain, didn’t mince words during a CNBC interview, labeling Bitcoin “pretend internet money.”  Her comments, delivered against a backdrop of plunging crypto prices and widespread investor anxiety, ignited a firestorm of criticism from Bitcoin proponents and industry leaders alike. Appearing on CNBC’s “Squawk Box” alongside anchors Andrew Sorkin and Joe Kernen, Breitman argued that Bitcoin’s volatile nature and limited real-world utility undermine its purported status as a store of value.  She likened the current market panic to the early days of the COVID-19 - [Hackers Buy the Dip Amid Crypto Bloodbath](https://news.shib.io/2024/08/05/hackers-buy-the-dip-amid-crypto-bloodbath/): As the cryptocurrency market grapples with a severe downturn, a darker trend has emerged: hackers exploiting the volatility to amass digital fortunes. While legitimate investors are reeling from significant losses, cybercriminals are capitalizing on the chaos, using stolen funds to accumulate vast cryptocurrency holdings. The recent market plunge, characterized by steep declines in major cryptocurrencies like Bitcoin and Ethereum, has created a perfect storm for these malicious actors. With prices at rock bottom, hackers are scooping up digital assets at bargain prices, further exacerbating the challenges faced by the crypto community. One such example is the infamous Nomad Bridge Exploiter. - [Robinhood Flashes 24-Hour Trading Halt, Faces Investor Backlash](https://news.shib.io/2024/08/05/robinhood-flashes-24-hour-trading-halt-faces-investor-backlash/): Updated at 15.00 EST to include response from Robinhood. A perfect storm of events rocked the financial world on Monday. A global market downturn, exemplified by the Nikkei 225’s historic plunge, sent shockwaves through global markets. Amid this turmoil, Robinhood, a popular online brokerage platform, reportedly halted its 24-hour trading service. An image circulating on social media appears to confirm the suspension, with a message on the Robinhood platform stating, “The 24 Hour Market is currently unavailable.” While the exact reasons behind the halt remain unclear, speculations point to increased trading volume, risk management measures, or technical difficulties as potential - [Bitcoin Plunges Below $50,000 Amid Middle East Tensions and Economic Worries](https://news.shib.io/2024/08/05/bitcoin-plunges-below-50000-amid-middle-east-tensions-and-economic-worries/): Bitcoin plunged to a multi-month low early Monday before recovering, as rising tensions in the Middle East and concerns about a slowing U.S. economy rattled investors worldwide. The fall in crypto markets came in lock-step with the rout in equity markets across the globe. BTC dipped below $50,000 before recovering to nearly $50,175.45 on Monday as of 8.36 am EST. Ether, too, plunged to multi-month lows; the coin has lost more than a fifth of its value in the last 24 hours. Almost all our coins were in the red as digital currencies experienced their worst day since the FTX - [Buterin Optimistic Shibarium, Other Chains Could Enjoy Seamless Cross-L2 Interoperability Soon](https://news.shib.io/2024/08/05/buterin-optimistic-shibarium-other-chains-could-enjoy-seamless-cross-l2-interoperability-soon/): Shibarium, the layer-2 scalability solution of the Shiba inu project, alongside other chains, could soon provide a seamless user experience as Ethereum co-founder Vitalik Buterin expressed optimism on cross-L2 interoperability across the Ethereum-verse. The 30-year-old crypto genius ignited a wave of optimism in the cryptocurrency community with a recent post suggesting rapid advancements in cross-Layer 2 (L2) interoperability. As Buterin himself expressed, “I think people will be surprised by how quickly ‘cross-L2 interoperability problems’ stop being problems.”  In his X post, Buterin envisions a future where users seamlessly traverse the complex landscape of Ethereum, from the mainnet to various L2 - [The Weekly Meme Digest - August 3, 2024](https://news.shib.io/2024/08/03/weekly-meme-digest-2/): Welcome back, meme maestros and crypto comrades, to another rollicking edition of the Weekly Meme Digest! If you’re looking for serious, sober financial advice, you’re in the wrong place. We’re here to serve up a side of sass with your crypto news. Think of us as your personal court jesters, here to make the crypto world a little less confusing (and a lot more entertaining). 🤡 We’re trading boring market analysis for a rollercoaster of laughs, mind-boggling memes, and the occasional “holy sh*t” moment. Because let’s face it, who needs dry statistics when you can have a front-row seat to - [Harris Gets Crypto-cool: Ripple, Coinbase, and Circle Join the Party! 🎉💸](https://news.shib.io/2024/08/03/harris-gets-crypto-cool-ripple-coinbase-and-circle-join-the-party-%f0%9f%8e%89%f0%9f%92%b8/): In a plot twist as shocking as a sudden crypto market crash, our beloved politician, Kamala Harris, has inexplicably morphed into a crypto enthusiast. It’s almost as absurd as Trump’s accusation that she’d miraculously changed ethnicity. One can’t help but wonder if this narrative would be playing out so dramatically if former President Donald Trump and Robert Kennedy Jr. hadn’t injected crypto into the mainstream political discourse. 🤔Perhaps it’s a strategic move to win over crypto bros, who are reportedly furious with Biden’s admin anti-crypto stance and have been showering Trump’s campaign with crypto donations?😒 Remember when Bitcoin Magazine tried - [US Government Plays Crypto Hot Potato: Is Trump Sweating Yet? 🥵](https://news.shib.io/2024/08/03/us-government-plays-crypto-hot-potato-is-trump-sweating-yet-%f0%9f%a5%b5/): In a plot twist worthy of a soap opera, the U.S. government 🏦💸 has just pulled a fast one that’s got the whole crypto world buzzing like a hive of angry bees. Remember, when Donald Trump was all high and mighty, proclaiming America should be the Bitcoin capital? Well, Uncle Sam decided to throw a wrench into his Bitcoin bonanza. Instead of HODLING its Bitcoin like a bunch of diamond hands pros, the government played a sneaky game of crypto hot potato. It shifted a whopping $2 billion worth of Bitcoin to a not-so-secret wallet. Cue dramatic music.🎵 We’re talking - [Winklevoss Bros Roast Harris Over Crypto 'Reset' Remark](https://news.shib.io/2024/08/03/winklevoss-bros-roast-harris-over-crypto-reset-remark/): Cameron Winklevoss, the slick-haired crypto wizard behind Gemini, is throwing down the gauntlet to Vice President Kamala Harris. Seems he has sensed somebody needs some crypto coaching. 📝 He’s basically questioning whether she really has legit intentions or if she’s putting on a fancy form of charades. 🤔 Cameron thinks her plans for a crypto “reset” are more like a big bluff. 😳 It’s akin to saying a pump-and-dump scheme is a temporary liquidity event. Winklevoss is clearly hoping for more action than just a “we’ll get back to you” email; he’s ready for some fireworks, not just a sparkler. - [Crypto Hackers Gone Wild: Is Your Decentralized Dream Turning into a Nightmare?](https://news.shib.io/2024/08/03/crypto-hackers-gone-wild-is-your-decentralized-dream-turning-into-a-nightmare/): Welcome to the thrilling sequel of “How to Lose $278.8 Million and Still Make Headlines,” starring the latest crypto exploits that have everyone clutching their digital wallets. 🎭✨ According to blockchain security firm CertiK, July’s crypto hack tally was the second-highest this year, and it seems like the hackers were channeling their inner Robin Hood, minus the giving part. In a classic plot twist, $278.8 million was snatched from unsuspecting crypto projects last month. Of course, our heroes at CertiK pointed out that exit scams, flash loans, and other dastardly exploits were to blame. But wait, there’s more! 🎬 They - [Blackrock Accumulates 🐂💰 while Non-Degens FUD 🤡 and Retail🧻, Well, 😰 Panic](https://news.shib.io/2024/08/03/blackrock-accumulates-%f0%9f%90%82%f0%9f%92%b0-while-non-degens-fud-%f0%9f%a4%a1-and-retail%f0%9f%a7%bb-well-%f0%9f%98%b0-panics/): Hold on to your crypto wallets, Degens! 🤯 Blackrock, the financial behemoth that makes your grandma’s pension look like pocket change, is on a Bitcoin buying spree that would make even the most hardened HODLer blush. 🥵 While the rest of us are busy panic-selling our bags 🧻 and spreading FUD like wildfire 🔥, these Wall Street whales are quietly accumulating Bitcoin like it’s going out of style. 😎 Let’s break this down. Blackrock and Microstrategy combined hold a whopping 569,000 BTC. 🤯 That’s more Bitcoin than most of us will ever see in our lifetimes. And while the price - [Trump's Bullish Bet On Bitcoin To Pay Off US Debt](https://news.shib.io/2024/08/02/trump-bullish-bet-on-bitcoin-to-pay-off-us-debt/): Republican candidate and former President Donald Trump, in a move that has sent ripples through both the political and financial spheres, has suggested a bold and unconventional strategy to tackle the United States soaring $35 trillion national debt: paying it off with Bitcoin. In a recent interview with FOX Business Maria Bartiromo, Trump said he should have embraced crypto technology to maintain American leadership in the global arena. “Who knows, maybe we’ll pay off our $35 trillion dollars and hand ‘em a little crypto check. We’ll hand ‘em a little Bitcoin, and wipe out our $35 trillion dollars,” Trump noted. - [$BONE Officially Listed on WEEX Spot; K9 Finance Optimistic About Future Prospects](https://news.shib.io/2024/08/02/bone-officially-listed-on-weex-spot-k9-finance-optimistic-about-future-prospects/): $BONE, the governance token for the ShibaSwap DEX and the gas fee token of Shibarium, recently got listed on WEEX Spot, a user-friendly crypto futures trading platform, marking a huge development for Shibarium. This listing marks the third collaboration with a unit from the Shiba Inu ecosystem. WEEX previously partnered with K9 Finance, Shiba Inu’s DeFi partner. WEEX, famous for bringing top-tier projects to its platform, announced the listing on X. Its listing of BONE and collaboration with K9 Finance aims to elevate the presence of the $SHIB community within the cryptocurrency space as a whole.  In a statement to - [Kwon Bound for South Korea: Montenegro Court Rejects US Extradition Bid](https://news.shib.io/2024/08/02/kwon-bound-for-south-korea-montenegro-court-rejects-us-extradition-bid/): In a decisive ruling that ends months of legal wrangling, a Montenegro court has ordered the extradition of disgraced crypto mogul Do Kwon to his native South Korea. The decision, announced Thursday, rejects a competing bid from the United States to secure Kwon for prosecution. It said in a statement: “The Appellate Court of Montenegro, ex officio examining the decision of the High Court in Podgorica Kv. no. 632/24 dated June 28, 2024 in the case of the extradition of the citizen of the Republic of Korea Kwon Do Hyeong, confirmed the said decision in the part in which the - [X Pulls Plug on Account Enabling Instant Memecoin Creation, Then Restores it](https://news.shib.io/2024/08/02/x-pulls-plug-on-account-enabling-instant-memecoin-creation-then-restores-it/): In a dramatic turn of events, X, the social media platform owned by tech magnate Elon Musk, suspended an account called “makenowmeme,” only to reinstate it a few hours later. The account, with over 15,000 followers, gained popularity for allowing users to create their own memecoins on the Solana blockchain with a simple X post. The “makenowmeme” system functioned by providing a specific format for posts on X.  Users include a $ticker with the desired token name, a description of the coin, and a tag for “@makenowmeme.” An optional image or video could also be attached.  Once enough users bought - [Shiba Inu Outperforms Crypto Giants as It Celebrates 4th Birthday](https://news.shib.io/2024/08/01/shiba-inu-outperforms-crypto-giants-as-it-celebrates-4th-birthday/): Shiba Inu (SHIB) is celebrating its fourth anniversary with a resounding victory over its more established rivals. The dog-themed altcoin has not only survived but thrived, outperforming industry giants Bitcoin and Ethereum in terms of price appreciation since the start of 2024. After its launch in August 2020, the dog-themed altcoin has catapulted itself to new heights, leading the pack of other promising crypto projects. While the broader cryptocurrency market faced challenges in recent times, Shiba Inu has bucked the trend, recording a remarkable 53% increase in value since the start of the year. Shiba Inu’s remarkable price surge in - [Artists Challenge SEC Authority Over NFTs in Federal Lawsuit](https://news.shib.io/2024/08/01/artists-challenge-sec-authority-over-nfts-in-federal-lawsuit/): Two artists in the United States have sued the Securities and Exchange Commission, saying the market watchdog does not have the authority to regulate the selling of Non-Fungible Tokens (NFTs). Brian L. Frye, a law professor and conceptual artist, and Jonathan Mann, a musician who specializes in music NFTs, filed the lawsuit in the United States District Court for the Eastern District of Louisiana on Monday. The duo argue that the present SEC guidelines are detrimental to digital artists and creators wishing to tokenize their work.  Impact on Digital Art and Artists Frye and Mann contend that the SEC’s ambiguous - [Terra's Troubles Deepen: After Do Kwon's Scandal, Another $4M+ Wipeout](https://news.shib.io/2024/08/01/terras-troubles-deepen-after-do-kwons-scandal-another-4m-wipeout/): The Terra blockchain has once again been plunged into turmoil after suffering a devastating exploit that drained millions of dollars worth of tokens. The attack comes as a fresh blow to the network, which is still reeling from the catastrophic collapse orchestrated by disgraced CEO Do Kwon. Terra halted its blockchain on Wednesday morning to address the vulnerability exploited by the attackers. While the network has since resumed operations, the incident has raised serious concerns about the security and resilience of the Terra ecosystem. In a brazen attack that underscores the ongoing vulnerabilities in the crypto ecosystem, hackers drained over - [Tucker Carlson Claims Bitcoin a CIA Creation](https://news.shib.io/2024/08/01/tucker-carlson-claims-bitcoin-a-cia-creation/): Former Fox News host Tucker Carlson has ignited a fresh wave of speculation surrounding the enigmatic creator of Bitcoin, Satoshi Nakamoto, by boldly asserting that the cryptocurrency was a clandestine project of the Central Intelligence Agency (CIA). During a speech at a private event held at the Bitcoin 2024 conference, Carlson confidently asserted that the world’s largest cryptocurrency was, in fact, a creation of the CIA. “Obviously it was the CIA, we all know that,” Carlson declared to a receptive audience. The claim, while met with laughter by some, has sparked renewed interest in the shadowy figure behind Bitcoin. Carlson’s - [Telegram Launches In-App Browser for Decentralized Web Access](https://news.shib.io/2024/08/01/telegram-launches-in-app-browser-for-decentralized-web-access/): Telegram, a messaging giant known for its amiable crypto policies, introduced an in-app browser that supports decentralized websites called TON Sites. They made this announcement via a blog post on Telegram’s website on Wednesday. This development strives to make Web3 technology accessible to a vast user base of nearly one billion people.  The browser is integrated to adopt Web3 applications, allowing users to access decentralized finance (DeFi), blockchain-based games, and other crypto-related services directly within the Telegram app.  Key Features of the In-App Browser This in-app browser is equipped to handle multiple tabs, enabling users to interact with various decentralized - [Russia Takes Major Steps in Crypto Regulation Amid Evolving Stance](https://news.shib.io/2024/07/31/russia-takes-major-steps-in-crypto-regulation-amid-evolving-stance/): In a massive shift in policy, the Russian government has passed two key bills with regard to cryptocurrency. The first bill, which was already approved by the Lower House, will allow the use of cryptocurrency as a method of payment for international trade.  The second bill aims to legalize cryptocurrency mining within Russia. The Lower House has sent the bill to the Upper House and President. If this is enacted, then this legislation will be marked as a significant policy shift in Russia’s stance with regard to digital assets. Historical Context of Russia’s Crypto Policy Russia has always maintained a - [Exclusive: Flipster CEO on How RWAs are Revolutionizing the Future of Investing](https://news.shib.io/2024/07/31/exclusive-flipster-ceo-on-how-rwas-are-revolutionizing-the-future-of-investing/): Real-World Assets (RWAs) are reshaping the investment landscape, challenging traditional financial models. By bridging the gap between physical and digital assets, RWAs are unlocking new opportunities for investors worldwide. In this exclusive Q&A, we delve into the intricacies of RWAs with Yongjin Kim, CEO of Flipster, a leading cryptocurrency derivatives trading platform. The Shib: How do you see Real-World Assets fundamentally changing the dynamics between traditional finance and the digital asset space? Flipster CEO: “We expect to see a reduction in friction and increase in synergy between the traditional finance and digital asset space, with lower information barriers and enhanced - [The Kendu Spirit!](https://news.shib.io/2024/07/31/the-kendu-spirit/): Read the latest edition of The Shib magazine here. - [Bitcoin and Ethereum Market Analysis for August 2024: A Surge in Trading Opportunities](https://news.shib.io/2024/07/31/bitcoin-and-ethereum-market-analysis-for-august-2024-a-surge-in-trading-opportunities/): Analysts are forecasting a fluctuation for Bitcoin within the range of $62,000 to $73,000, while Ethereum’s could range between $3,000 and $4,200. These projections reveal potential trading opportunities owing to the strengthening trend in the Ethereum and Bitcoin exchange rates.  Impact of Bipartisan Support on Bitcoin and Future Trends for Ethereum ETFs Speaking exclusively to The Shib Daily, Ryan Lee, Chief Analyst at Bitget Research, shared that bipartisan support from both political parties – Democrats and Republicans – could help boost Bitcoin’s value. Regarding Ethereum, Lee anticipates there is a possibility that traditional funds might directly purchase ETH in the - [Bone ShibaSwap: Token Scarcity Hints At Potential Price Surge](https://news.shib.io/2024/07/31/bone-shibaswap-token-scarcity-hints-at-potential-price-surge/): Bone ShibaSwap (BONE) is poised for a potential price surge as a looming token scarcity grips the market. A significant portion of BONE tokens, amounting to around 22% of the circulating supply, is currently locked up, creating a perfect storm for investors. According to data from blockchain analytics platform Arkham Intelligence, around 51 million Bone ShibaSwap (BONE) is currently locked up. When compared to the total circulating supply of roughly 230 million BONE, this represents a substantial 22.17% of the tokens. Consequently, only around 77.83% or approximately 179 million BONE are freely circulating in the market. What does this mean? - [US Government Holds 54 Billion Shiba Inu: Arkham](https://news.shib.io/2024/07/30/us-government-holds-54-billion-shiba-inu-arkham/): The U.S. government wallet currently holds over 54 billion Shiba Inu (SHIB) tokens, valued at approximately $894,270, as per data from blockchain analysis firm Arkham Intelligence. The platform also shows that the government’s holdings include other major cryptocurrencies such as BNB, BUSD, AUSDC, DAI, TRX, and UNI. Arkham also reveals the top Shiba Inu holders. The highest amount of SHIB is stored in the token’s burn address, which holds 410,419,396,908,990.06 SHIB, worth roughly $6.6 billion. This figure accounts for 41.04% of the total circulating supply of SHIB currently in circulation. In the second position is a Binance cold wallet, with - [Trump Collects $25M at Bitcoin Conference 2024](https://news.shib.io/2024/07/30/trump-collects-25m-at-bitcoin-conference-2024/): Republican candidate and former President Donald Trump, in an unprecedented show of financial support from the cryptocurrency community, amassed a staggering $25 million in donations during the Bitcoin Conference 2024.  Held in the bustling heart of Nashville, the event marks Trump’s second-highest fundraiser across his three presidential campaigns, signifying the growing influence of digital currency enthusiasts in the political arena.  The news was shared by Bitcoin Magazine CEO David Bailey, who is working with Donald Trump’s campaign to develop their Bitcoin and cryptocurrency policies. “For those of you who didn’t hear it in Trump’s speech, DJT raised $25m in Nashville. - [Ethereum Turns Nine: Investor Hits $6.77 Million Jackpot, Buterin Charts Network's Future](https://news.shib.io/2024/07/30/ethereum-turns-nine-investor-hits-6-77-million-jackpot-buterin-charts-networks-future/): Vitalik Buterin, co-founder and core developer of Ethereum, leads the global community in celebrating the network’s ninth anniversary. Amid the festivities, an early investor from Ethereum’s initial coin offering (ICO) has made headlines by realizing a $6.77 million windfall from their initial $620 investment. The Ethereum (ETH) community is in a celebratory mood as it marks nine years of growth and innovation. Buterin is leading the festivities, which will culminate in his keynote address at the EDCON 2024 conference in Tokyo. The event promises to offer a glimpse into the future of the Ethereum network. Since its inception in 2015, - [ZKX Announces Shutdown, Cites Low User Engagement and Market Challenges](https://news.shib.io/2024/07/30/zkx-announces-shutdown-cites-low-user-engagement-and-market-challenges/): ZKX, a decentralized perpetual swap protocol built on Starknet, in a surprise announcement on Tuesday, said it is shutting down. The platform, launched in 2021, struggled to gain traction and faced significant financial hurdles. “With much regret, we have to announce the discontinuation of the ZKX protocol,” stated Eduard, founder of ZKX. The announcement cited minimal user engagement and dwindling trading volumes as key factors in the decision. “Our cloud server expenses significantly outpaced revenue, making it impossible to cover salaries and other operational costs,” Eduard, its pseudonymous founder explained. Market Pressures and Token Value Woes The ZKX team attributed - [US Government Transfers $2 Billion in Bitcoin Seized from Silk Road](https://news.shib.io/2024/07/30/us-government-transfers-2-billion-in-bitcoin-seized-from-silk-road/): The United States government has transferred more than $2 billion worth of Bitcoin from wallets associated with the Silk Road dark web marketplace, according to Arkham Intelligence, a blockchain analysis platform focused on deanonymizing blockchain transactions. The Bitcoin was transferred to an unidentified wallet, leaving the audience speculating about the government’s next move.  Currently, it’s not clear whether or not the U.S. plans to sell off the recently transferred Bitcoin. This transfer happened within two days of Republican presidential candidate Donald Trump’s speech at the Bitcoin Conference in Nashville where he promised to create a national “strategic Bitcoin stockpile” if - [Pro-crypto Trump: Highlights from His Bitcoin Conference Speech and Policy Implications](https://news.shib.io/2024/07/29/pro-crypto-trump-highlights-from-his-bitcoin-conference-speech-and-policy-implications/): Donald Trump, the Republican candidate for the U.S. presidential elections, delivered a compelling speech at the Bitcoin 2024 Conference on Saturday, positioning himself as a staunch advocate for cryptocurrency.  Speaking to a packed audience in Nashville, Tennessee, the former president outlined his crypto-related policies and aimed to win over crypto voters by promising regulatory changes and highlighting the strategic importance of Bitcoin. He electrified the crypto community over the weekend with a series of bold promises that could reshape U.S. policy on digital assets. Trump’s address began with a bold promise: firing SEC Chairman Gary Gensler on his first day - [Exclusive- Beat the Crowd: Dominate Shiba Eternity with LEASH](https://news.shib.io/2024/07/29/exclusive-beat-the-crowd-dominate-shiba-eternity-with-leash/): Alright, let’s cut to the chase. Shiba Eternity Web3 version is the big cheese in the Shiba Inu world right now as its about to redefine the collectible card game genre. Everyone’s talking about it, but nobody’s spilling the beans on when it’s actually dropping.  But don’t you worry, we’ve got the lowdown on how to be the ultimate Shiba Eternity game master. Pay attention, because this is important. During an exclusive conversation with the Shiba Games team, its lead, Angel let slip that Shiba Eternity is dropping “this week” on the Shibarium network. Yep, you heard it here first. - [K9 Finance DAO Promotes DeFi Activity on Shibarium with $10,000 Hackathon](https://news.shib.io/2024/07/29/k9-finance-dao-promotes-defi-activity-on-shibarium-with-10000-hackathon/): K9 Finance, Shiba Inu’s DeFi partner and a prominent player in the Shibarium ecosystem, announced its gold sponsorship for ETH Toronto and ETH Women. As part of this program, K9 Finance will sponsor a hackathon event, offering a $10,000 bounty prize pool in KNINE tokens. This will help incentivize innovative projects and tools supporting the Shibarium network.  The hackathon, set to last one month, would consist of the following rewards:  1st Place: $5000 2nd Place: $2500 3rd Place: $1250 Best Learning Tool: $500 Best Analytics Tool: $500 Best Dog-Themed Branding: $250 Judging Criteria and Requirements Projects will be judged on - [Bitcoin Soars to Six-Week High Following Trump's Pro-Crypto Speech](https://news.shib.io/2024/07/29/bitcoin-soars-to-six-week-high-following-trumps-pro-crypto-speech/): Bitcoin surged to a record high of 2.6% since the middle of June after former president and Republican presidential candidate Donald Trump reiterated his pro-crypto stance during his speech at the Bitcoin conference in Nashville. Bitcoin is currently trading at $68,846.08 according to CoinMarketCap data as of 10.48 a.m. EST. Other cryptocurrencies like Ether, Solana, and Dogecoin also traded at higher prices.  Daan Crypto Trades (@DaanCrypto), a full-time crypto trader and investor with a substantial following on X, noted that Bitcoin prices were mostly trading up last week while the stock market went downhill. Typically, this would mean a downsurge - [Elon Musk's X Deletes Crypto Emojis: Crypto Community Baffled](https://news.shib.io/2024/07/29/elon-musks-x-deletes-crypto-emojis-crypto-community-baffled/): Confusion reigned supreme in the crypto world after X, the social media platform owned by Elon Musk, mysteriously wiped away crypto emojis from its interface. The unexpected move, shrouded in secrecy, has left users wondering if this is a sign of a larger shift in the platform’s stance towards cryptocurrencies. Social media platforms have become integral to the spread of information and the formation of online communities. For the crypto world, more than just a platform, X was a digital town square where ideas were exchanged, trends were analyzed, and support networks were formed.  The removal of crypto emojis, often - [Senator Lummis Proposes Bitcoin Reserve to Secure Dollar’s Status as Global Currency](https://news.shib.io/2024/07/29/senator-lummis-proposes-bitcoin-reserve-to-secure-dollars-status-as-global-currency/): Sen. Cynthia Lummis (R-Wyo.) has proposed legislation that would require the U.S. government to acquire 5% of the world’s Bitcoin supply and hold it for at least two decades. This bold move comes amid growing concerns about the dollar’s global dominance and at a time when politicians are increasingly leveraging cryptocurrency to attract voters. Sen. Lummis, a vocal proponent of cryptocurrency, unveiled the ambitious plan to reduce the U.S. national debt during the Bitcoin 2024 conference in Nashville. According to the senator, her proposal, if enacted into law, “can be used for one purpose, to reduce our debt.”  The plan - [The Weekly Meme Digest - July 27, 2024](https://news.shib.io/2024/07/27/the-weekly-meme-digest-10/): Buckle up, buttercup, and grab your popcorn! 🍿 It’s the weekend, which means your favorite Shiba Inu weekend news, The Weekly Meme Digest, is back, unleashing a hurricane of crypto headlines that’ll have you ROFLing! 😂 Forget those stuffy financial reports and dusty economic forecasts; we’re strapping on our rocket boots and blasting off into the wacky world of blockchain, where memes are the new Lambos and laughter is our rocket fuel! 😂🚀 This ain’t your grandma’s financial news, folks. This is crypto news, Shiba Inu style! Get ready for a laughter-filled rollercoaster through the wild world of Bitcoin, Ethereum, - [ETH ETF Drama: Déjà Vu or a Whole New Show? 🍿🎢](https://news.shib.io/2024/07/27/eth-etf-drama-deja-vu-or-a-whole-new-show-%f0%9f%8d%bf%f0%9f%8e%a2/): If you think ETH ETFs are a snoozefest, wake up and smell the popcorn, crypto fam! 🍿  Remember when Bitcoin ETFs launched? $BTC did a nosedive, but then it rocketed to the moon! 🚀 Could ETH be the next big thing? 🤔 📉 The Numbers Game (But Make It Fun) 📉 Day 1: ETH ETFs rake in $107 million… except for Grayscale’s ETHE, which loses a whopping $484 million! 🥴 Day 2: More red ink for ETH ETFs, but ETHE is still the biggest loser. 😂 Day 3: Same story, different day. ETHE keeps on bleeding 🩸. Meanwhile, BTC ETFs - [RFK Jr. Unveils Plan to Bitcoinize America By Executive Order](https://news.shib.io/2024/07/27/rfk-jr-unveils-plan-to-bitcoinize-america-by-executive-order/): Independent presidential candidate Robert F. Kennedy Jr. (RFK Jr.), in a move that makes even the wildest crypto fantasies look tame, just sent shockwaves through the crypto community with a bombshell announcement: he’s on a mission to Bitcoinize America via an executive order if elected. 🇺🇸🚀 Speaking at Bitcoin 2024, RFK Jr., unveiled a radical plan to kickstart his presidency with a series of executive orders that would transform the U.S. financial landscape and make Bitcoin a central part of the American economy. ₿ Forget “Make America Great Again,” it’s all about “Make America Bitcoin” now. 🗽₿ RFK Jr.’s grand - [From Russia with Scams: Is This Crypto's Red Scare?](https://news.shib.io/2024/07/27/from-russia-with-scams-is-this-cryptos-red-scare/): Hold onto your borscht and balalaikas, crypto comrades! 🇷🇺🎶 A new report from TRM Labs reveals that Russian-speaking hackers are the undisputed champions of crypto crime, snatching a whopping 70% of the loot. 😱💰 Forget DeFi, this is more like Da!Fi – Decentralized Finance with a dash of vodka and cyber espionage. 🥂 Hacking Spree: It’s not just your babushka’s computer anymore. 👵💻 These digital da Vincis are behind nearly 70% of all ransomware attacks, raking in over $500 million in 2023. Move over, Bernie Madoff, there’s a new Ponzi scheme in town, and it’s got a Cyrillic keyboard. 💰 - [Marc Andreessen Predicts the End of 9-to-5 Grind... Again? 🤔🤖 Is This Good News for Crypto? 🪙](https://news.shib.io/2024/07/27/marc-andreessen-predicts-the-end-of-9-to-5-grind-again-%f0%9f%a4%94%f0%9f%a4%96-is-this-good-news-for-crypto-%f0%9f%aa%99/): The legendary Marc Andreessen, the man who predicted the rise of the internet (when most of us were still trying to figure out how to dial into AOL 📞), is back with another bold claim: your 9-to-5 job is on its deathbed, thanks to AI. 💀 Why? Because AI is about to make everything dirt cheap! 🤯 Legal advice for the price of a latte? ☕ Medical diagnoses for a song? 🎶 Management consulting for a few pennies? 🪙 Sign us up! But wait, there’s more! 🤯 With AI tools like ChatGPT and Dall-E, everyone will be a creator! 🎨✍️🎤 - [Security Theater: Warren Concerned About Crypto Miners As Threats While the Border Is Wide Open](https://news.shib.io/2024/07/27/security-theater-warren-concerned-about-crypto-miners-as-threats-while-the-border-is-wide-open/): Sen. Elizabeth Warren, the Bitcoin doomsayer, has a new target: foreign crypto miners plotting America’s downfall. Forget espionage and nukes, it’s mining rigs that pose the real threat! Is your retirement portfolio a weapon of mass destruction? 🤔 In a Bond-worthy interrogation, Sen. Warren grilled Paul Rosen, Assistant Secretary for Investment Security at the Department of the Treasury about foreign-owned crypto mines. Secret lairs for digital supervillains, plotting to sabotage our power grid and loot our bitcoins? 🤔 Is Sen. Warren onto something, or has she been binge-watching spy flicks? 🕵️‍♀️ Armed with a blockchain dossier, Sen. Warren dropped a - [Exclusive - Shyjitsu: Shiba Eternity Team Hypes Stealth Masters With Rapid Strike Abilities](https://news.shib.io/2024/07/26/exclusive-shyjitsu-shiba-eternity-team-hypes-stealth-masters-with-rapid-strike-abilities/): The Shiba Eternity team has been on a roll. After recently hyping Woof Chun to Shiba Eternity fans, they have now highlighted the combat abilities of the Shyjitsu masters. The Shyjitsu masters are unique in their own way, with stealth and rapid strike abilities. They add a new layer to game strategy — helping take the Shiba Eternity game to a whole new level of nail-biting excitement and sophistication. On Thursday, the team highlighted the abilities of these class of adepts in an X post: “Evasive masters of stealth who aim to defeat any opponent with a series of swift - [Shiba Inu on Fire: Whale Activity Up 62%, Shibarium Contracts Explode Triple-Digit](https://news.shib.io/2024/07/26/shiba-inu-on-fire-whale-activity-up-62-shibarium-contracts-explode-triple-digit/): The Shiba Inu ecosystem is ablaze with activity as a recent surge in whale transactions, up a staggering 62%, coincides with an explosive 350% increase in new contracts on the Shibarium layer-2 network. After days of trading in the red, the cryptocurrency market has suddenly turned bullish, with several assets, including Shiba Inu (SHIB), experiencing significant gains.  This recent price surge in SHIB aligns perfectly with a dramatic 62% increase in daily whale transactions, surpassing $30 million in the last 24 hours alone, according to data from IntoTheBlock.  This surge in activity from large holders, coupled with the broader market - [India's Crypto Businesses Welcome Government's Offer to Bring Clarity to Tax Regime, Regulations](https://news.shib.io/2024/07/26/indias-crypto-businesses-welcome-governments-offer-to-bring-clarity-to-tax-regime-regulations/): The Indian crypto business community has welcomed the promise from a top finance ministry official to bring clarity to the current crypto tax regime by September. A top crypto business association called it an important step in bringing regulatory certainty for the digital asset industry in India. The Indian government’s annual budget presented earlier this week left crypto investors in the country frustrated as it offered no steps to make the tax regime friendlier or offer any clarity on regulation. But Economic Affairs Secretary Ajay Seth told a media outlet on Thursday that the finance ministry will publish a “discussion - [Shiba Inu Orders Skyrocket 76%, Signaling Massive Adoption Wave](https://news.shib.io/2024/07/25/shiba-inu-orders-skyrocket-76-signaling-massive-adoption-wave/): Shiba Inu is experiencing an unprecedented surge in adoption, as evidenced by a staggering 76% increase in orders during the first quarter of 2024. This remarkable growth underscores the expanding acceptance of SHIB as a viable form of payment and investment, driven by both the passionate Shiba Inu community and the coin’s growing utility in various sectors. Web-based crypto payments solution Coingate, in a report titled “CoinGate’s Crypto Payments Report & Industry Insights (H1 2024),” designed to examine trends in cryptocurrency payments using CoinGate payment gateway data, revealed an interesting information about Shiba Inu. The report revealed that “SHIB orders - [Shiba Inu Nears Crucial Support, Price Revesal Imminent: Crypto Analyst](https://news.shib.io/2024/07/25/shiba-inu-nears-crucial-support-price-revesal-imminent-crypto-analyst/): Shiba Inu is poised for a major comeback, a crypto analyst predicts, as SHIB approaches a critical support level that could trigger a massive price reversal. On Thursday, crypto analyst Crypto Sheriff (@Gem_Sheriff on X) issued a bullish prediction about Shiba Inu. They said, “SHIB is at major support level again! The graph should reverse from here! Dips often mean new opportunities! LFG!” The X post came with a chart showing the price movement of Shiba Inu against USDT (Tether) on the Binance platform. Key details from the chart include: The chart and text together suggested a positive outlook for - [Trump Crypto Strategy Pays Off with Over $4 Million in Cryptocurrency Donations](https://news.shib.io/2024/07/25/trump-crypto-strategy-pays-off-with-over-4-million-in-cryptocurrency-donations/): Donald Trump’s recent efforts to attract cryptocurrency enthusiasts appear to be paying off, as he has raised over $4 million in Bitcoin and other cryptocurrencies. Leading the charge in crypto donations to Trump’s campaign, Gemini exchange founders and billionaires Tyler and Cameron Winklevoss each contributed over $1 million worth of Bitcoin, exceeding federal limits and resulting in partial refunds. Their substantial investment highlights the growing influence of crypto billionaires in shaping political landscapes. This wave of crypto support extends beyond the Winklevoss twins. Mike Belshe, CEO of BitGo, contributed $50,000 in Bitcoin, while Kraken founder Jesse Powell made a significant - [India to Clarify on Its Cryptocurrency Policy by September](https://news.shib.io/2024/07/25/india-to-clarify-on-its-cryptocurrency-policy-by-september/): India aims to explain its policy stance on cryptocurrencies before September, a top government official has said. The Indian government was expected to make changes to its highly unfriendly tax regime for crypto investors in its annual budget presented Tuesday. But the budget made no such mention, leaving investors frustrated. The finance ministry will publish a “discussion paper” on crypto policy, outlining its stance on regulation and inviting comments on the same, Economic Affairs Secretary Ajay Seth said in an interview with Moneycontrol.com. He said cryptocurrencies in India are mostly regulated for anti-money laundering and electronic funds transfer. India’s central - [Shiba Eternity Sparks Excitement with Tweet on Combat Discipline Woof Chun](https://news.shib.io/2024/07/25/shiba-eternity-sparks-excitement-with-new-combat-discipline-woof-chun/): Shiba Eternity fans are abuzz about Woof Chun, a class of masters reputed for their aggressive and fast-paced combat tactics. The Shiba Eternity game features over 500 unique cards and six versatile disciplines: Chewjitsu, Taikwondoje, Ryo Chi, Bite Thai, and Shyjitsu, in addition to Woof Chun. The game development team’s announcement on Woof Chun has fueled excitement and anticipation throughout the community. On X, the team wrote, “Woof Chun — Eager challengers that aim to finish a fight faster than anyone else. Woof Chun Masters focus on doing incredible amounts of damage before their opponent can retaliate.” One of their - [Majority of SHIB Holders Remain Profitable, Shiba Inu Whales Make Waves Amid Market Retracement](https://news.shib.io/2024/07/25/majority-of-shib-holders-remain-profitable-shiba-inu-whales-make-waves-amid-market-retracement/): As the broader cryptocurrency market experiences a pullback from its recent weekend rally, Shiba Inu (SHIB) is witnessing a surge in activity from large-scale investors known as “whales.” Despite the recent price dip, data reveals that a significant majority of SHIB holders remain in profit, Whales Boost SHIB Confidence: On-chain data from data science company IntoTheBlock revealed a significant spike in large transactions involving SHIB tokens worth $100,000 or more. The value of these transactions surged from $10.18 million (558.73 billion SHIB) on Sunday to a staggering $37.57 million (2.14 trillion SHIB) by Monday.  This represents a remarkable increase of - [Shiba Inu Defies Market Downturn As Its Key Metric Soars by Double-Digits](https://news.shib.io/2024/07/25/shiba-inu-shib-defy-market-downturn-as-its-key-metric-soars-double-digit/): Shiba Inu (SHIB) is witnessing a remarkable surge in trading activity, with volumes skyrocketing by 21.79% to reach $324,564,113 in the last 24 hours. This impressive increase comes despite a recent dip in SHIB’s price to $0.00001732, reflecting a 1.93% decline amidst broader volatility within the meme coin sector. Trading Frenzy Amidst Market Woes Shiba Inu’s 24-hour trading volume skyrocketed by 21.79% to reach $324,834,788, defying a broader downturn in the cryptocurrency market. This surge in activity comes despite a 6.06% drop in SHIB’s price to $0.00001627 in the last 24 hours, with further declines of 6.34% over the past - [Exclusive Interview/ D3 CEO: '*SHIB Name Tokens the Future of Crypto Security & Identity'](https://news.shib.io/2024/07/24/exclusive-interview-d3-ceo-shib-name-tokens-the-future-of-crypto-security-identity/): Shiba Inu, in a bold move to fortify the crypto world against escalating threats, partnered with D3 to introduce *SHIB name tokens. This revolutionary innovation promises to redefine how users interact with digital assets and identities. We interviewed Fred Hsu, co-founder and CEO of D3, to explore the transformative potential of SHIB name tokens in safeguarding the crypto ecosystem and empowering users. The Shib: With the rise of hacks and exploits targeting centralized crypto platforms, how do you see *SHIB name tokens playing a crucial role in enhancing the security and resilience of the crypto ecosystem? Can you elaborate on - [Exclusive Interview/ Dr Rand Hindi on Zama's Vision for Shiba Inu Privacy Through FHE](https://news.shib.io/2024/07/24/exclusive-interview-dr-rand-hindi-on-zamas-vision-for-shiba-inu-privacy-through-fhe/): Shiba Inu is venturing into the realm of advanced cryptography with a groundbreaking partnership. Zama, a pioneering company specializing in Fully Homomorphic Encryption (FHE), has joined forces with Shiba Inu to elevate privacy and security within the ecosystem. We sat down with Dr. Rand Hindi, CEO and co-founder of Zama, to delve into the intricacies of FHE, its potential impact on Shiba Inu, and the broader implications for the future of data privacy. The Shib: Could you explain FHE in simple terms for our readers? How does it differ from traditional encryption methods, and why is it considered a revolutionary - [FORTRESS SHIB](https://news.shib.io/2024/07/24/fortress-shib/): Read the latest edition of The Shib magazine here. - [Ethereum ETF Launch Day Sees $1B in Trading, Net Inflow of $106.7M](https://news.shib.io/2024/07/24/ethereum-etf-launch-day-sees-1b-in-trading-net-inflow-of-106-7m/): Ethereum exchange traded funds began trading in the U.S. on Tuesday, marking a significant milestone in the crypto landscape. It started with a remarkable $1.07 billion in shares changing hands in the products, showcasing an active investor interest.  Grayscale’s Ethereum Trust, iShares Ethereum Trust (ETHA.0), and Fidelity Advantage Ether ETF (FETH.Z) were the most actively traded ones. Grayscale led with a turnover of $450 million, followed by iShares at $245 million, and Fidelity at $137 million.  Franklin Templeton, VanEck, Bitwise, 21Shares, and Invesco also were approved to launch ETFs on Monday. The launch of the first Ether ETF has been - [Choose Your Color, Shib Army: Is SHIB Next in Ferrari's Crypto Race to Europe?](https://news.shib.io/2024/07/24/choose-your-color-shib-army-is-shib-next-in-ferraris-crypto-race-to-europe/): Italian luxury vehicle maker Ferrari has announced the expansion of its cryptocurrency payment system to its European dealer network, starting at the end of July 2024.  Ferrari’s announcement of cryptocurrency payment expansion to European dealerships has the Shiba Inu community excited. This followed a successful rollout in the United States, aimed at better catering to the evolving preferences of its discerning clientele. The initial rollout in the U.S. saw Ferrari partner with BitPay, a leading cryptocurrency payment processor, enabling customers to purchase luxury vehicles using Bitcoin, Ethereum, and USD Coin. While the European expansion hasn’t explicitly named which specific cryptocurrencies - [Hong Kong's CSOP Asset Management Unveils Asia's First Inverse Bitcoin ETF](https://news.shib.io/2024/07/24/hong-kongs-csop-asset-management-unveils-asias-first-inverse-bitcoin-etf/): Hong Kong’s CSOP Asset Management introduced the region’s first Bitcoin Futures Inverse ETF on the Hong Kong Stock Exchange (HKEX) on Tuesday. This product marks a massive development in the cryptocurrency market, providing investors with a new tool to capitalize on declines in Bitcoin’s price. The CSOP Bitcoin Futures Daily (-1x) Inverse Product aims at long-term capital growth and invests in CME Bitcoin Futures primarily. Its operations include employing an investment strategy which is actively managed. The ETF also does not track any specific index or benchmark. This provides room for an investment strategy which is flexible, even though its - [Shibarium Gets a Boost: Bad Idea AI Integration Sparks Innovation in Crypto & AI](https://news.shib.io/2024/07/24/shibarium-gets-a-boost-bad-idea-ai-integration-sparks-innovation-in-crypto-ai/): Shibarium, the innovative layer-2 scaling solution for Shiba Inu, proudly announced the integration of Bad Idea AI ($BAD) onto its platform.  Bad Idea AI ($BAD), a decentralized ecosystem merging artificial intelligence (AI), blockchain, and decentralized autonomous organizations (DAOs), is a partner of the Shiba inu ecosystem. This latest development marks a significant step towards a more decentralized and innovative future for both communities. Christopher “CJ” Johnson, PhD., the listing manager for Bad Idea AI, expressed his enthusiasm: “We’re super excited about bringing Bad Idea AI ($BAD) onto Shibarium! This move is a big deal for us as it means faster, - [WazirX Offers $23M Bounty to Recover $234M in Stolen Assets Following Major Hack](https://news.shib.io/2024/07/23/wazirx-offers-23m-bounty-to-recover-234m-in-stolen-assets-following-major-hack/): Indian crypto trading platform WazirX offered a $23 million bounty in order to get a hold of the stolen assets valued at $234 million. Nischal Shetty, co-founder of WazirX, recently announced that the amount was set as part of the exchange’s “bounty program”.  This initiative, which was originally set at $11.5 million, is designed to recover the $234 million assets which were stolen in the recent hacker attack. “The total bounty has been updated to $23M thanks @zachxbt for the suggestion,” Shetty said. In a post on X, WazirX announced the details of the bounty program to recover the stolen - [India's Unchanged Crypto Tax Rules in 2024-2025 Budget Spark Outrage Online](https://news.shib.io/2024/07/23/indias-2024-25-budget-leaves-crypto-tax-rules-intact-stirs-mixed-reactions/): India’s latest budget announcement created fury among the crypto clan, majorly because the controversial tax regime for cryptocurrencies remained unaltered. Despite consistent pleading from the community the 2024-2025 Budget upheld the existing rules, causing furore and disappointment among the crypto space on social media platforms. Finance Minister Nirmala Sitharaman unveiled the full Budget 2024-2025 on Tuesday at the Indian Parliament, following an Interim Budget presented in February. Dilip Chenoy, Chairperson of the Bharat Web3 Association, expressed both optimism and concern following the budget announcement. “We were hoping for some relaxation to the taxation framework on VDAs in this budget,” Chenoy - [Shiba Inu Sheds Old Fur as Memecoins Fuel Crypto Boom](https://news.shib.io/2024/07/23/shiba-inu-sheds-old-fur-as-memecoins-fuel-crypto-boom/): Shiba Inu is experiencing a shift in perception amid the broader crypto boom fueled by its playful counterparts. As memecoins continue to captivate the crypto community’s attention and investments, Shiba Inu is breaking free from its “joke token” image as industry analysts and experts increasingly recognizing SHIB’s potential for sustained growth and its staying power beyond the initial hype. The Tail-Wagging Why: A recent report from Binance Research titled “Half-Year Report 2024” revealed that memecoins have dominated the crypto market this year, driving substantial trading activity and capturing widespread attention. “Memecoins have driven a significant amount of activity among traders - [Ethereum ETF Launch Ignites Frenzy, Market Braces for 'Sell the News' Risk](https://news.shib.io/2024/07/23/ethereum-etf-launch-ignites-frenzy-market-braces-for-sell-the-news-risk/): Crypto investors are bracing for a potentially wild ride as the first spot Ethereum ETF products launch on Tuesday. The highly anticipated debut of these exchange-traded funds, designed to track the real-time price of Ethereum, has ignited excitement and trepidation in equal measure, with the possibility of a “sell the news” event looming large over the market. The Tail-Wagging Why: While the initial excitement surrounding the launch suggests strong demand, the crypto market is known for its volatility and unpredictability. A key question looms: Could this much-anticipated event become a “sell the news” scenario, where prices dip after the initial - [Shiba Inu 'Not Done Yet,' Primed To Repeat History – Analysts Bullish on SHIB's Resurgence](https://news.shib.io/2024/07/22/shiba-inu-not-done-yet-primed-for-repeat-history-analysts-bullish-on-shibs-resurgence/): Shiba Inu (SHIB) is not done yet and is poised for a comeback, with analysts predicting a repeat of its historic 2021 surge. The meme coin, once dismissed as a fleeting trend, is showing signs of renewed vigor, sparking bullish sentiment among investors. Despite experiencing a recent downtrend caused by the controversial WazirX security breach where the malicious actor siphoned over $200 million in crypto, majority of which are SHIB, Shiba Inu started to show bullish movements shortly a few hours after the incident.  The Tail-Wagging Why: Crypto analyst and DeFi entrepreneur Elja Boom (@Eljaboom on X) recently shone a - [Trump's Bitcoin Fundraiser Sets $844,600 Ticket Price, Includes Roundtable Access and Photo Ops](https://news.shib.io/2024/07/22/trumps-bitcoin-fundraiser-sets-844600-ticket-price-includes-roundtable-access-and-photo-ops/): Donald Trump is hosting a campaign fundraiser in Nashville, Tennessee, in the wake of the Bitcoin Conference 2024. The event features a top-tier ticket priced at $844,600 per person and coincides with Trump’s keynote address at the Bitcoin 2024 Conference. The highest-priced tickets, which include a seat at a roundtable with Trump, are set at the maximum donation limit allowed for individuals to contribute to Trump and the Republican Party’s primary joint fundraising committee called the Trump 47 Committee. At the next level down, people can take a photo with the Republican presidential candidate at $60,000 per person or $100,000 - [POTUS Biden Shock Withdrawal from 2024 Race Triggers Crypto Market Turmoil and Rapid Recovery](https://news.shib.io/2024/07/22/joe-biden-shock-withdrawal-from-2024-race-triggers-crypto-market-turmoil-and-rapid-recovery/): President Joe Biden’s unexpected withdrawal from the 2024 presidential race sends shockwaves through the financial world, triggering a dramatic drop in cryptocurrency values. In a surprise move, U.S. President Joe Biden announced his withdrawal from the race via social media on Sunday. This unexpected decision sent shockwaves through the crypto market, already jittery due to the administration’s tough stance and recent regulatory crackdowns. Biden’s administration has led a campaign to rein in the crypto industry, with the SEC implementing strict measures against several businesses and personalities. This aggressive approach had already created uncertainty and volatility in the market, but Biden’s - [Shytoshi Kusama Confirms Community Exposé of Major Exchange's Treat Token Blunder Amid Ongoing #TreatYourself Campaign](https://news.shib.io/2024/07/22/shytoshi-kusama-confirms-community-expose-of-major-exchanges-treat-token-blunder-amid-ongoing-treatyourself-campaign/): Shiba Inu’s lead developer, Shytoshi Kusama, exposed a major error made by cryptocurrency exchange Crypto.com, involving a misleading link to a “Treat” token not officially associated with the Shiba Inu ecosystem. This revelation came at a critical time for the Shiba Inu community, as the development team is currently trotting the globe in a campaign dubbed “TREAT Yourself.” This initiative, according to Kusama, aims to facilitate in-person meetings with members of the Shib Army in various locations, highlighting the importance of the TREAT token. The Tail-Wagging Why: TREAT, the token in question, is planned to be introduced into the Shiba - [Shiba Inu Shakes Up Crypto Market, Surpasses Bitcoin and Ethereum in Gains](https://news.shib.io/2024/07/21/shiba-inu-shakes-up-crypto-market-surpasses-bitcoin-and-ethereum-in-gains/): Shiba Inu, the popular memecoin is proving that it’s no joke, outperforming both Bitcoin and Ethereum in a remarkable display of one-week and year-to-date market gains. A recent report by Grayscale Investments, an American digital currency asset management company, analyzed the top 10 crypto assets by market capitalization and revealed that Shiba Inu experienced a remarkable 136% surge in value over the past week. This performance dwarfed the 11.2% and 9.5% gains seen by Bitcoin (BTC) and Ethereum (ETH), the top 2 crypto assets in the world by market capitalization, respectively. The Tail-Wagging Why: During the week of July 7-17, - [Weekly Meme Digest - July 20, 2024](https://news.shib.io/2024/07/20/weekly-meme-digest/): Welcome back, meme lords and ladies! We know you’ve been patiently waiting (or maybe not so patiently 😜) for your weekly dose of crypto chaos, Shiba Inu style. So, grab your popcorn 🍿, snuggle up with your favorite meme coin plushie, and prepare to embark on a wild ride through the cryptoverse! 🎢 This week, we’re serving up a meme-tastic feast that’ll leave you ROFLing and scratching your head in equal measure. 😂🤯 We’ve got everything from Web3 throwing shade at Microsoft’s Web2 ways (oh snap! 🔥) to a $230 million crypto blame game that’ll make your head spin. 😵‍💫 - [Windows Weeping, Web3 Winning: A Big Tech Fumble Fuels Crypto Cheers](https://news.shib.io/2024/07/20/windows-weeping-web3-winning-a-big-tech-fumble-fuels-crypto-cheers/): The world is holding its breath, not because of an alien invasion 👽 or a zombie apocalypse 🧟, but because Microsoft Windows, the backbone of, well, everything 💻, decided to take an unscheduled nap 😴. Hospitals 🏥, banks 🏦, airports ✈️, even TV broadcasters 📺 — all victims of this unexpected digital slumber party. It seems a rogue update from cybersecurity firm CrowdStrike is the culprit behind this global tech tantrum 😬. But wait, there’s a silver lining! While the centralized world crumbles 🏚️, the decentralized one stands tall 💪. Bitcoin ₿, Ethereum 🔷, and the rest of the crypto - [WazirX vs Liminal Custody: The $230M Crypto Blame Game](https://news.shib.io/2024/07/20/wazirx-vs-liminal-custody-the-230m-crypto-blame-game/): The real crypto drama is unfolding between WazirX and Liminal Custody, two companies currently engaged in a world-class finger-pointing competition after a casual $230 million 💸💸💸 vanished into the blockchain abyss. 💨 Poof! Here’s the lowdown: WazirX claimed Liminal’s interface was glitching harder than a Bitcoin miner in a heatwave, 🥵 misleading them into authorizing a heist worthy of a Hollywood blockbuster. 🎬 Liminal, on the other hand, insisted their security is tighter than a Scrooge McDuck vault, 🏦 and WazirX’s internal systems are more porous than a Swiss cheese factory. 🧀 Adding a spicy twist to this already juicy - [Buying the Dip: Courting Risk or a Stroke of Genius?](https://news.shib.io/2024/07/20/buying-the-dip-courting-risk-or-a-stroke-of-genius/): Crypto holders buying the dip—it’s a tale as old as time. When the market takes a nosedive, these brave souls are always ready to swoop in to have their share of that market-generated discount! 🤑 It’s a risky move at times, but as the saying goes, fortune favors the bold (and the patient HODLer). 😋 Newbies in crypto—and probably even normies—hear “buy the dip” whenever somebody starts yapping about crypto 101. 🗣️📣 While this article is strictly NFA, it’s as handy as it can get. As Winston Churchill said, “Success is not final, failure is not fatal: It is the - [Mark Cuban: Crypto's Biggest or Bitcoin's Believer?](https://news.shib.io/2024/07/20/mark-cuban-cryptos-biggest-or-bitcoins-believer/): Remember when Mark Cuban said he’d rather have bananas than Bitcoin? 🍌🤣 He didn’t stop there. Cuban likened Bitcoin enthusiasts to gold bugs, saying both were basically cultists. “Gold is a religion,” he quipped, suggesting that neither gold nor Bitcoin would save you in a financial apocalypse. But wait! Fast forward a few years and suddenly Cuban’s singing a different tune. Despite his earlier disdain, he’s invested in various crypto businesses and even dabbled in Bitcoin himself. 🤔💰 Well, it seems the billionaire “Shark Tank” investor has done a full 180°, now singing Bitcoin’s praises like a choirboy on Sunday - [The Crypto Civil War on Politics: Are You Team Buterin or Team Hoskinson?](https://news.shib.io/2024/07/20/the-crypto-civil-war-on-politics-are-you-team-buterin-or-team-hoskinson/): In the grand theater of crypto, where every day is a drama-filled episode, two titans have emerged to grapple with the age-old question: Should we base our political choices on who loves our beloved Bitcoin more? 🤔❤️₿ Vitalik Buterin, the Crypto Philosopher King 📜🧠: This guy, with his Ethereum empire and wisdom beyond his years, wants us to slow down our crypto-crazed hearts, and think. Don’t just vote for someone because they tweet about Bitcoin he cried! 😱 Vitalik urged us to look beneath the shiny exterior and see if these politicians actually understand the blockchain gospel of decentralization, privacy, - [CBOE Confirms Potential Approval and Launch of Five ETH ETF Proposals On Tuesday](https://news.shib.io/2024/07/20/cboe-confirms-potential-approval-and-launch-of-five-eth-etf-proposals-on-tuesday/): The Chicago Board Options Exchange (CBOE), the largest options exchange in the United States, has officially announced the potential approval and launch of five spot Ethereum exchange-traded fund (ETH ETF) proposals as early as Tuesday, July 23, pending regulatory approval. This move could mark a significant milestone for the cryptocurrency industry and potentially open the floodgates for widespread institutional adoption. The Announcement: The CBOE has officially listed five ETH ETF applicants on its website: 21Shares’ CETH, Fidelity’s FETH, Franklin Templeton’s EZET, Invesco’s QETH, and VanEck’s ETHV. This confirmation follows earlier reports and the recent filing of amended S-1 forms by - [Major US Bank Bets Big on Crypto with 20% Wealth Allocation to Bitwise ETF, CEO Confirms](https://news.shib.io/2024/07/20/major-us-bank-bets-big-on-crypto-with-20-wealth-allocation-to-bitwise-etf-ceo-confirms/): A major US bank has made a significant move into the cryptocurrency market, allocating a fifth of its wealth management portfolio to an exchange-traded fund (ETF).  The Big Bet: Hunter Horsley, the Chief Executive Officer of Bitwise Asset Management and co-founder of the 5-year-old firm, shared on Friday that he received a report about a major U.S. bank that has invested in a Bitwise exchange-traded fund (ETF) through 20% of its wealth management branches. Bitwise Asset Management, the provider of the ETF, through its CEO, confirmed the bank’s involvement but did not disclose its identity and instead noted that, “Bitcoin - [SBI VC Trade Launches Lending Campaign for SHIB, Signaling Increased Adoption in Japan's Crypto Market](https://news.shib.io/2024/07/19/sbi-vc-trade-launches-lending-campaign-for-shib-signaling-increased-adoption-in-japans-crypto-market/): SBI VC Trade, the cryptocurrency arm of Tokyo-based financial conglomerate SBI Holdings, recently announced its lending campaign for Shiba Inu (SHIB). Those looking to capitalize on the second-largest meme coin can earn a 1.3% annual interest rate. Applications must be submitted by August 1 for the lending period that will run until August 29. This rate is notably higher than those offered by other cryptocurrencies such as Chainlink (LINK) and Litecoin (LTC), which are usually around 0.5%, and XRP, which normally sits at 0.1%. Known as VC Trade Lending, the lending service offering this program made its debut in November - [Vitalik Buterin Warns Against Blindly Supporting Pro-Crypto Politicians, Emphasizes Broader Political Awareness](https://news.shib.io/2024/07/19/vitalik-buterin-warns-against-blindly-supporting-pro-crypto-politicians-emphasizes-broader-political-awareness/): Vitalik Buterin, co-creator of Ethereum, warned against voting for candidates who express their fondness for crypto in the upcoming U.S. presidential elections. He mentioned that politics is far more complicated than the winner of the next election, and it affects a lot of other levers. In his blog, Buterin revealed that blockchain was not the ideology behind building and creating crypto. In fact, he said what created crypto originally was the cypherpunk movement – a loosely organized group of people who spoke about cryptography and protecting individual freedoms in the digital age.  He then alluded to Satoshi Nakamoto, the pseudonymous - [Shiba Inu, the 'Locomotive of Memecoins,' Primed for a Bull Run: Crypto Analyst](https://news.shib.io/2024/07/19/shiba-inu-the-locomotive-of-memecoins-primed-for-a-bull-run-crypto-analyst/): Shiba Inu is the “locomotive of memecoins.” That’s the recent statement from a renowned crypto analyst who earlier this week made a forecast that SHIB is primed for a “bull run.” Shiba Inu is currently facing a challenging week as it grapples with the aftermath of a major security breach at WazirX, an Indian crypto exchange. Despite this, crypto analyst Crypto Sheriff (@Gem_Sheriff on X) shared on a recent X post an optimistic view of the world’s second largest dog-themed altcoin by market capitalization. The Tail-Wagging Why: In the post, the crypto analyst expressed his belief on the resilience of - [Shiba Inu Gets Major Nod from Crypto Exchange Giant in Latest Video](https://news.shib.io/2024/07/19/shiba-inu-gets-major-nod-from-crypto-exchange-giant-in-latest-video/): Shiba Inu is stealing the spotlight, landing a starring role in a major crypto exchange’s 8th anniversary video. The playful anniversary video, shared on X by Crypto.com, celebrated the evolution of meme coins from niche jokes to in-demand assets, highlighting the crypto community’s crucial role in this transformation. However, the subtle emphasis on Shiba Inu, which bookends the video with prominent appearances, suggests a deeper acknowledgment of the meme coin’s growing influence and potential within the industry. The Key Takeaway: Crypto.com’s decision to feature SHIB prominently in its anniversary video alongside established cryptocurrencies is a significant moment for the meme - [SHIB Plunges Following WazirX Attacker's Selloff; Shib Army Remains Resilient](https://news.shib.io/2024/07/18/shiba-inu-price-plunges-after-wazirx-hack-shib-army-urged-not-to-panic/): Within a few hours of the WazirX security breach, popular dog-themed altcoin Shiba Inu (SHIB) has taken a nosedive, plummeting to 7.3% as of press time. The significant decrease in price may have been caused by the hacker selling off the stolen SHIB tokens. However, the SHIB community is standing as robust as it seems. Lucie, Shiba Inu’s marketing lead, took to X to reveal that SHIB is “a different caliber,” nothing can stop it from reaching its goals, and it can withstand any hurricane.  She quoted the financial services platform Lookonchain. “WazirX Exploiter has sold all 5.43T $SHIB for - [India's WazirX Exchange Breached, Hacker Siphons Off $230M in Crypto](https://news.shib.io/2024/07/18/indias-wazirx-exchange-breached-hacker-siphons-off-230m-in-crypto/): WazirX, an Indian crypto exchange, faced a security breach and lost more than $230 million on Thursday. The breach impacted one of the exchange’s wallets, resulting in the loss of significant user funds, including about $100 million in SHIB.  WazirX posted on X to announce the breach at noon local time: “Update: We’re aware that one of our multisig wallets has experienced a security breach. Our team is actively investigating the incident. To ensure the safety of your assets, INR and crypto withdrawals will be temporarily paused. Thank you for your patience and understanding. We’ll keep you posted with further - [Shiba Inu Classified As A 'Big Whale' Investment With 'Tech Stock' Fundamentals Amid Predicted Super Cycle](https://news.shib.io/2024/07/18/shiba-inu-classified-as-a-big-whale-investment-with-tech-stock-fundamentals-amid-predicted-super-cycle/): A renowned crypto analyst recently stirred the pot on X (formerly Twitter), when they point out that Shiba Inu (SHIB) is not just a meme coin but a legitimate investment for “big whales” – those with substantial crypto holdings and have “fundamentals” just like “normal tech coins.” This comes amid their prediction of a meme coin “super cycle,” a period of increased interest and investment in these often volatile assets. Crypto analyst Altcoin Sherpa (@AltcoinSherpa on X) shared with their around 218,000 X followers this week some gems about meme coins and its current state in the wider cryptocurrency industry. - [What's Cooking in the Shiba Eternity Dojo? Surprise Drop Fuels Speculation](https://news.shib.io/2024/07/18/whats-cooking-in-the-shiba-eternity-dojo-surprise-drop-fuels-speculation/): Holy Shiba Inu coin, Batman! Shiba Games, the team behind the collectible card game Shiba Eternity, just unleashed a cryptic tweet that sent the Shib Army into a frenzy of wild speculation and howling excitement. On Wednesday, the official X account of Shiba Eternity introduced “Chewjitsu.” which it described as “Brave students of Martial Arts who focus on using a wide array of skills to win a battle. Chewjitsu Masters specialize in having an answer to every problem and making sure they have enough cards to pull it off.” Based on the post, Chewjitsu is less about brute force and - [Shiba Inu 'Inevitable Bull Run' Could Propel Prices Over 350% to Record Highs, Analysts Predict](https://news.shib.io/2024/07/17/shiba-inu-inevitable-bull-run-could-propel-prices-over-350-to-record-highs-analysts-predict/): Shiba Inu could potentially experience an impressive surge, exceeding 350%, to reach new record highs. This bullish forecast hinges on recent technical analysis indicating a significant upward trend in SHIB’s price, suggesting a promising future for the popular cryptocurrency. Shiba Inu currently shows a double-digit surge over the past seven days, a price movement previously predicted by notable crypto traders and analysts. But, it appeared that this is just the start of a rather more bullish movement from the world’s second-largest dog-themed altcoin if the recent forecast of crypto analyst JavonMarks (@JavonTM1 on X) is anything to go by. In - [Crypto Market Abuzz with Anticipation Over Fed Rate Cut: What It Means for Investors](https://news.shib.io/2024/07/17/crypto-market-abuzz-with-anticipation-over-fed-rate-cut-what-it-means-for-investors/): Speculation in the crypto space has emerged following Federal Reserve Chairman Jerome Powell’s recent statement regarding a probable interest rate cut. He delivered a crucial message to investors during his speech at the Economic Club of Washington, D.C. on Monday. In his speech, Powell hinted that the Fed might reduce interest rates right before inflation reaches its target of 2% (as decided by the central bank after a breakout surge during the pandemic). But how will the reduction in interest rate affect the crypto space? Some of the reasons could be related to various factors like increased liquidity, hedge appeal, - [Exclusive Interview: Exploring the Future of DeFi with K9 Finance Experts](https://news.shib.io/2024/07/17/exclusive-interview-exploring-the-future-of-defi-with-k9-finance-experts/): Decentralized finance (DeFi) is poised to revolutionize the global financial landscape. To gain insights into this transformative technology, The Shib Daily sat down with experts from K9 Finance, the official Liquid Staking Derivative platform of Shibarium, for an exclusive Q&A. The Shib: Given the evolving regulatory landscape surrounding cryptocurrencies and DeFi, what specific frameworks or approaches do you believe would strike the right balance between fostering innovation and protecting consumers? Buzz (K9 Finance): “With nascent technologies, you’re always going to have a changing regulatory landscape with new rules and parameters…The Web3 regulatory landscape will continue to evolve, but to have - [DeFi-ing Gravity](https://news.shib.io/2024/07/17/defi-ing-gravity/): Read the latest edition of The Shib magazine here. - [Web3 Innovator AIRian Announces AIR Token Listing on Multiple Exchanges](https://news.shib.io/2024/07/16/web3-innovator-airian-announces-air-token-listing-on-multiple-exchanges/): AIRian, a pioneering Web3-based community project, announced Tuesday the details of the initial listing for $AIR, its governance token, on Gate.io, GOPAX, and Ape Terminal. The AIR token runs on the Ethereum blockchain and has a total supply of 1,000,000,000. Currently, the project’s valuation is $60,000,000 with an initial market cap of $2,205,000. Gate Startup, Gate.io’s token launch platform, shared the listing announcement and the mechanics for a $2,000 giveaway on X. “#Gateio New Listing Celebration: $AIR share up to $2,000 Giveaway! 1️. Follow @Gateio_Startup & @air_airofficial. 2. RT, Tag 3 friends. 3. Fill in the form: https://gate.io/questionnaire/4756 ⏳End at 09:00am, Jul - [The Shib Crypto Recap: Wednesday](https://news.shib.io/2024/10/23/the-shib-crypto-recap-wednesday-5/): As Wednesday unfolds, the top news headlines are dominated by the latest developments in global cryptocurrency trends, alongside legal and financial consequences stemming from incidents of fraud and corruption in the industry. With mounting pressure on lawmakers and regulators, the discourse surrounding crypto regulations is heating up, which reflects broader concerns about accountability and transparency in the digital asset space. Banning Private Cryptos? India Explores Safer Alternatives with CBDCs The Indian government is considering banning private cryptocurrencies, including Bitcoin and Ether. Key experts argue that the risks of these assets far exceed their benefits. They argue that Central Bank Digital - [ShibaSwap: A Deep Dive into Shiba Inu's Native DEX](https://news.shib.io/2024/10/23/what-is-shibaswap-a-deep-dive-into-shiba-inus-native-dex/): The decentralized finance (DeFi) landscape has exploded with innovation, offering crypto enthusiasts new ways to engage with digital assets. One intriguing entrant in this space is ShibaSwap, a DeFi platform born from the Shiba Inu (SHIB) meme coin phenomenon. ShibaSwap extends beyond the meme, providing users with a suite of financial services, including staking, swapping, and liquidity provision. This guide offers a comprehensive look at Shiba Inu’s DEX, exploring its features, tokens, and how it fits into the DeFi ecosystem. ShibaSwap: An Introduction Launched in July 2021, ShibaSwap is the native decentralized exchange (DEX) of the Shiba Inu project. Built - [Top 5 Cryptocurrencies for Achieving Financial Independence](https://news.shib.io/2024/10/23/top-5-cryptocurrencies-for-achieving-financial-independence/): Cryptocurrency has presented numerous opportunities for investment, potentially paving the way towards financial independence. While investing in cryptocurrencies involves risks, making informed decisions can lead to significant rewards. In this blog post, we’ll delve into five prominent cryptocurrencies that have shown potential for long-term growth and could significantly impact your journey towards financial independence. Bitcoin (BTC) As the original and most well-known cryptocurrency, Bitcoin has been a trailblazer since its inception in 2009. With a solid network and high liquidity, Bitcoin offers security and stability that many other cryptos may lack. Its limited supply ensures scarcity, potentially driving up its - [Peter Todd Goes Into Hiding After HBO Documentary Sparks Harassment](https://news.shib.io/2024/10/23/peter-todd-goes-into-hiding-after-hbo-documentary-sparks-harassment/): Bitcoin core developer Peter Todd has been facing persistent harassment after being falsely identified as Satoshi Nakamoto in an HBO documentary released on October 8. Todd quickly refuted the claims, but the documentary pointed to him as the main suspect behind the pseudonymous creator of Bitcoin. In a recent Wired interview, Todd shared that the false identification has led to numerous individuals contacting him, many asking for money. Todd revealed that one person sent him 25 emails within two days requesting assistance with a loan. Todd has since taken measures to protect his safety, citing concerns similar to those Satoshi - [Tesla Still Has $780M Bitcoin Despite Transfers to Unidentified Wallets - Report](https://news.shib.io/2024/10/23/tesla-still-has-780m-bitcoin-despite-transfers-to-unidentified-wallets-report/): Tesla likely retains its entire Bitcoin collection, valued at around $780 million, despite transferring the assets to anonymous wallets on October 15, according to blockchain analytics firm Arkham Intelligence. The electric vehicle manufacturer reportedly transferred 11,509 Bitcoin across seven different wallets, with each wallet containing between 1,100 and 2,200 Bitcoin. The two largest ones, identified as “1Fnhp” and “1LERL,” received $142.2 million and $128.1 million, respectively. Despite initial concerns that Tesla might be preparing to sell its Bitcoin, Arkham Intelligence clarified in yesterday’s post on X (formerly Twitter) that these transfers appear to be part of a “wallet rotation,” suggesting - [Tether CEO Slams the US for Lagging in Crypto Regulations](https://news.shib.io/2024/10/23/tether-ceo-slams-the-us-for-lagging-in-crypto-regulations/): Tether CEO Paul Ardoino has criticized the United States for lagging behind in developing cryptocurrency regulations, and suggested that progress might be seen after the elections. Speaking at the DC Fintech Week conference yesterday, Ardoino expressed concern over the U.S.’s current stance on crypto regulation.  “There is no place like the U.S,,” he said, emphasizing that the country has traditionally been a leader in technological advancement. However, he noted, “This is the first time in history that I see the U.S. dropping the ball,” referring to its handling of crypto policies. The United States crypto industry has been pushing for - [India Moves to Ban Private Cryptos, Favors Central Bank Digital Currency](https://news.shib.io/2024/10/23/india-moves-to-ban-private-cryptos-favors-central-bank-digital-currency/): The Indian government is considering a ban on private cryptocurrencies such as Bitcoin and Ether. Key institutions and regulators argue that the benefits of these digital assets can be replicated by the Central Bank Digital Currency (CBDC), based on recent consultations. This decision stems from a strong experts’ consensus that the risks associated with private cryptocurrencies far outweigh their benefits, including stablecoins linked to assets like gold. In discussions ahead of preparing a policy discussion paper on crypto, key players have emphasized that CBDCs can mimic the functionality of cryptocurrencies while offering more benefits and significantly less risk. “CBDCs can - [Shibarium Goes Parabolic: New Transactions Inch Closer To 2M](https://news.shib.io/2024/10/23/shibarium-goes-parabolic-new-transactions-inch-closer-to-2m/): Shibarium, the layer-2 scaling solution of the Shiba Inu crypto project, has seen a dramatic surge in transactions, approaching two million. This spike, observed on Tuesday, follows a period of relative quiet, suggesting the potential for increased adoption and utility. Data from Shibariumscan revealed a striking pattern. From late September through mid-October, new transactions remained near negligible levels. However, this period of low activity was abruptly punctuated on Monday, when transactions began a sharp ascent, reaching approximately 400,000. The surge continued, culminating in a peak of 1.766 million new transactions on Tuesday – a near-vertical climb on the chart. While a - [Red Card Scandal: Trial Begins for 20 Defendants in €28 Million Scam](https://news.shib.io/2024/10/23/red-card-scandal-trial-begins-for-20-defendants-in-28-million-scam/): A French conference center will host a high-profile trial where over 20 defendants face charges for allegedly defrauding more than 1,300 individuals out of €28 million (approximately $30.52 USD). The schemes in the so-called Red Card Scandal included fake cryptocurrency investments and deceptive diamond savings plans. The defendants, who have reportedly been scamming people for more than two decades, are accused of orchestrating a wide-reaching international financial fraud. Among the victims are football clubs, which led to the case getting its name. The magnitude and complexity of the investment schemes have drawn global attention. The trial’s move to a conference - [Vitalik Buterin Rejects Michael Saylor's Bitcoin Custody Proposal](https://news.shib.io/2024/10/23/vitalik-buterin-rejects-michael-saylors-bitcoin-custody-proposal/): Vitalik Buterin, co-founder of Ethereum, has strongly criticized MicroStrategy’s Michael Saylor for suggesting that Bitcoin users should rely on large financial institutions to hold their cryptocurrency.  In a post on X (formerly Twitter) yesterday, Buterin described Saylor’s suggestion as “batshit insane,” referring to a growing debate in the crypto community over Bitcoin custodianship. Buterin’s comments came in response to Saylor’s recent statement advocating that Bitcoin holders trust “too big to fail” banks like BlackRock and Fidelity to safeguard their assets. Saylor, in an interview on Monday, argued that these institutions, with government and regulatory backing, are better suited to serve - [RAK Region Advances Decentralized Autonomy with DAO Association Regime](https://news.shib.io/2024/10/23/rak-region-advances-decentralized-autonomy-with-dao-association-regime/): The Ras Al-Khaimah (RAK region) in the United Arab Emirates has set a new benchmark in the global decentralized ecosystem by introducing the DAO Association Regime (DARe). It provides a legal framework that empowers Decentralized Autonomous Organizations (DAOs) to thrive within its digital assets oasis-free zone. The RAK region offers the legal infrastructure necessary to interact with off-chain entities and operate securely and legally. The newly launched DARe enables DAOs to open bank accounts, own on-chain and off-chain assets, and interact seamlessly with traditional entities within the RAK Digital Assets Oasis free zone.  The introduction of DARe comes at a pivotal - [Rosfinmonitoring's New Initiative Tightens Oversight on Crypto Trading Platforms in Russia](https://news.shib.io/2024/10/23/rosfinmonitorings-new-initiative-tightens-oversight-on-crypto-trading-platforms-in-russia/): Rosfinmonitoring in Russia recently launched an initiative to enhance financial intelligence. All trading platforms must register or obtain a license, collect client information, and store transaction data for at least five years. The initiative also requires them to share this information with government agencies. The introduction of “route rules” is also proposed to trace each transaction’s sender and recipient details. Lawyers have weighed in on the potential impact of these regulations on the Russian market segment. Moscow-based Dmitry Kirillov notes that this step is part of a global trend toward strengthening control over cryptocurrency transactions. This is in alignment with - [Shiba Eternity Web3: Conquer the Dogjo with These Top Dog Tactics](https://news.shib.io/2024/10/22/shiba-eternity-web3-conquer-the-dogjo-with-these-top-dog-tactics/): Look, we get it. Shiba Inu. Cute dogs. Collectible card game. It all sounds a bit… fluffy, doesn’t it? But don’t let the adorable aesthetics fool you. Beneath the surface of Shiba Eternity Web3 lurks a surprisingly deep and strategic collectible card game (CCG) — one that demands cunning, planning, and a healthy dose of ruthless digital dog-deploying. So, put down the squeaky toy, grab your thinking cap (preferably one adorned with tiny Shiba Inu ears), and prepare to learn the art of winning. Now, it’s time to get serious. We’re talking winning strategies, cunning combos, and enough tactical nuance - [CoinSwitch CEO Accuses WazirX of Transferring $73.6M After Cyber Attack](https://news.shib.io/2024/10/22/coinswitch-ceo-accuses-wazirx-of-transferring-73-6m-after-cyber-attack/): CoinSwitch CEO Ashish Singhal has claimed that WazirX transferred approximately $73.6 million in users’ crypto assets to global exchanges Bybit and KuCoin following a $234 million cyber attack in July. Singhal raised the accusation on Monday as CoinSwitch introduced a public dashboard designed to track wallet activities in response to WazirX’s recent wallet disclosures. WazirX recently filed an affidavit with the Singapore High Court, disclosing over 240,000 wallet addresses as part of its ongoing debt restructuring process. Singhal explained that CoinSwitch holds both fiat and crypto assets with WazirX, but the exchange “illegally” suspended withdrawals. In response, CoinSwitch used its - [Michael Saylor Faces Backlash Over Bitcoin Custody Comments](https://news.shib.io/2024/10/22/michael-saylor-faces-backlash-over-bitcoin-custody-comments/): MicroStrategy’s executive chairman, Michael Saylor, faced backlash following his recent comments suggesting Bitcoin holders should entrust their assets to large financial institutions instead of using self-custody.  During an interview yesterday with financial reporter Madison Reidy, Saylor said Bitcoiners “have nothing to lose” when they transfer their Bitcoin to institutions. This statement contrasts with his previous support for self-custody. When asked about the possibility of the U.S. government restricting Bitcoin holders’ rights to self-custody, Saylor dismissed the notion, calling it a concern of “paranoid crypto-anarchists.” He referred to the fear of a state-mandated Bitcoin seizure as “a myth and a trope” - [Former Mine Digital CEO Charged with Fraud Over Missing Bitcoin Funds](https://news.shib.io/2024/10/22/former-mine-digital-ceo-charged-with-fraud-over-missing-bitcoin-funds/): Grant Colthup, the former CEO of Australian cryptocurrency exchange Mine Digital, has been charged with fraud after allegedly misappropriating a customer’s $1.47 million (2.2 million Australian dollars). The Australian Securities and Investments Commission (ASIC) confirmed yesterday that the customer transferred the funds to Mine Digital’s parent company, ACCE Australia, intending to exchange them for Bitcoin. However, the customer never received the cryptocurrency. ASIC alleges that Colthup used the funds to pay off ACCE’s liabilities, purchase cryptocurrency for other clients, or combine both. This is the latest legal issue for Mine Digital, which collapsed in September 2022, leaving creditors attempting to - [UK’s FCA Defends Strict Crypto Regulations to Combat Money Laundering and Crime](https://news.shib.io/2024/10/22/uks-fca-defends-strict-crypto-regulations-to-combat-money-laundering-and-crime/): The Financial Conduct Authority (FCA) of the UK has defended its rigorous approach to cryptocurrency regulation, emphasizing that its strict standards are crucial for preventing money laundering and other criminal activities.  Critics have suggested that the FCA’s tough stance could stifle innovation, but the agency remains committed to ensuring the safety, security, and integrity of the UK’s financial system. As per the FCA, it wants to maintain high standards in terms of crypto regulations and aims to safeguard not only consumers but also the integrity of the UK’s financial markets. It acknowledges that some have expressed concerns about the bar - [Leader of Massive Credit Card Fraud in Japan Arrested With Help of Crypto](https://news.shib.io/2024/10/22/leader-of-massive-credit-card-fraud-in-japan-arrested-using-crypto/): Japan’s National Police Agency, along with a joint investigation team from nine prefectural police forces, has arrested 26-year-old Yuta Kobayashi on suspicion of orchestrating a large-scale credit card fraud scheme. Kobayashi, believed to be the mastermind, allegedly used stolen credit card information to gain steal over 100 million yen.  This is the first time Japanese authorities identified a suspect through cryptocurrency analysis, specifically involving the high-confidentiality cryptocurrency Monero. The Investigation and Arrest Between June and July 2021, Kobayashi allegedly listed fictitious items for sale on the popular flea market app Mercari. He completed 42 fraudulent transactions totaling 2.75 million yen - [Crypto Regulation Efforts in the US Stalled, Says CFTC Chair](https://news.shib.io/2024/10/22/crypto-regulation-efforts-in-the-us-stalled-says-cftc-chair/): During a speech at the Securities Industry and Financial Markets Association (SIFMA) annual meeting in New York yesterday, Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam highlighted significant challenges in regulating the cryptocurrency market due to stalled legislative efforts. Behnam emphasized the CFTC’s limited capacity to enforce compliance and oversee the market without proper regulatory framework, expressing concern for the vulnerabilities this creates for market participants and institutional investors. He acknowledged that progress is unlikely to occur before the year ends but remained optimistic about future developments, stating, “I’m not betting on anything happening necessarily at the end of the - [Indonesia’s Bappebti Extends Deadline for Crypto Exchangers](https://news.shib.io/2024/10/22/indonesias-bappebti-extends-deadline-for-crypto-exchangers/): The Commodity Futures Trading Regulatory Agency (Bappebti) of Indonesia has extended the deadline for cryptocurrency exchangers to fulfill regulatory requirements as Physical Crypto Asset Traders (PFAK).  Under Bappebti Regulation No. 9 of 2024, exchangers now have until the last week of November 2024 to complete their obligations. Bappebti Declares Extension for Crypto Exchangers The extension applies to exchangers currently operating as Prospective Physical Crypto Asset Traders (CPFAK). The decision provides these companies with additional time to meet the regulatory requirements necessary to transition into fully licensed PFAKs. Key among these requirements is securing membership in the Futures Exchange and Crypto - [Transak Phishing Attack Affected 92,554 Users](https://news.shib.io/2024/10/22/transak-phishing-attack-affected-92554-users/): Transak, the blockchain and Web3 payments platform, has revealed a security breach that affected 1.14% of its users, or approximately 92,554 individuals.  The company assured that no financial information was compromised and that it has taken swift actions to secure systems and prevent future incidents. But why did it happen in the first place? Transak Phishing Attack: What Happened? The breach occurred after an attacker gained unauthorized access to an employee’s laptop through a phishing scheme. This granted the attacker access to a third-party vendor’s system that Transak uses for Know Your Customer (KYC) document verification. The compromised vendor’s dashboard - [Unlocking the Shiba Inu Ecosystem: A Beginner's Guide](https://news.shib.io/2024/10/22/shiba-inu-ecosystem-a-beginners-guide/): The world of cryptocurrency can feel like a bewildering maze, a digital labyrinth of acronyms and fluctuating values. For those intrigued by the Shiba Inu ecosystem, with its playful canine mascot and fervent community, taking the first step can seem daunting. This guide offers a clear, step-by-step path for newcomers, navigating the process from setting up a digital wallet to engaging with the vibrant Shiba Inu community. Step 1: Finding the Right Exchange for Your Shiba Inu Journey Before acquiring SHIB, the Shiba Inu token, one needs a reputable cryptocurrency exchange. Think of this as your gateway to the crypto - [The Rise of Shiba Inu Not As A Meme Coin But As A Movement](https://news.shib.io/2024/10/22/the-rise-of-shiba-inu-not-as-a-meme-coin-but-as-a-movement/): Meme coins have carved out a unique niche in the ever-expanding world of cryptocurrency, often born from internet culture and capturing the imagination of millions. While it seems that everyone from influencers to reality TV stars wants a taste of Web3 fame by launching their own meme coin, one coin stands out among the fray: Shiba Inu ($SHIB). This playful token has not only survived but thrived. It has set itself apart as the gold standard in a sea of meme coins. The Inspiration Behind Shiba Inu Launched in August 2020, Shiba Inu was inspired by Dogecoin, which features the - [The Shiba Inu Ecosystem: SHIB, BONE and LEASH Explained](https://news.shib.io/2024/10/22/the-shiba-inu-ecosystem-shib-bone-and-leash-explained/): The Shiba Inu cryptocurrency, launched as a meme coin, has since evolved into a more dynamic ecosystem. This ecosystem currently has three tokens: Shiba Inu (SHIB), DogeKiller (LEASH), and Bone Shbaswap (BONE). Each token plays a distinct role within the system, offering different utilities to investors and participants. This article will break down these tokens, their roles, and how they differ. SHIB: The Foundation Token Shiba Inu (SHIB) is the first token launched in August 2020. Initially created as a meme coin to rival Dogecoin, SHIB has grown far beyond its novelty origins. As an ERC-20 token on the Ethereum - [South Korean Youth Deep In Debt Amid Rise in Crypto Trading - Report](https://news.shib.io/2024/10/21/south-korean-youth-deep-in-debt-amid-rise-in-crypto-trading-report/): Reports on October 20 indicate a sharp rise in loan defaults among young South Koreans, with many linking the trend to the growing popularity of cryptocurrency trading.  Data shows that a substantial number of individuals in their teens and twenties are defaulting on loans, particularly from neobanks associated with crypto exchanges. The South Korean government said Thursday that it has decided to administer a regular mental health checkup for those aged between 20 and 34, starting next year as part of the state-run national health examination program.https://t.co/FbjD67l4Yd — The Korea Herald 코리아헤럴드 (@TheKoreaHerald) October 20, 2024 Loan Default Rates Among - [Indian National Faces Five Years in Jail for $20M Crypto Fraud](https://news.shib.io/2024/10/21/indian-national-sentenced-to-five-years-for-20m-crypto-fraud/): A citizen of India has been sentenced to five years in prison for orchestrating a crypto fraud that stole over $20 million from hundreds of victims worldwide, including those in the United States.  U.S. District Judge Kenneth D. Bell handed down the decision to Chirag Tomar, 31, who also received two years of supervised release following his prison term. This was announced by Dena J. King, U.S. Attorney for the Western District of North Carolina. The sentencing follows Tomar’s involvement in a sophisticated scheme where he and his co-conspirators created fake websites. They mimicked Coinbase, one of the largest cryptocurrency - [Major Crypto Money Laundering Operation Dismantled in Fuzhou](https://news.shib.io/2024/10/21/major-crypto-money-laundering-operation-dismantled-in-fuzhou/): Fuzhou police have dismantled a major cryptocurrency money laundering ring that provided illegal payment settlement services to online fraud and illicit industries.  The investigation, which uncovered vast amounts of money quietly circulating online, led to the arrest of 11 suspects. The breakthrough came when Fuzhou police discovered evidence linking a third-party payment platform to criminal activities, including online fraud and other black and gray market operations. The platform, which was reportedly operated by a gang, facilitated fund transfers using stablecoins, a type of virtual currency, to process payments for illegal futures trading and similar enterprises. In return, the criminals earned - [Bitcoin Should Be Taxed or Banned, Say ECB and Federal Reserve Reports](https://news.shib.io/2024/10/21/bitcoin-should-be-taxed-or-banned-say-ecb-and-federal-reserve-reports/): A recent Federal Reserve Bank of Minneapolis paper proposes that assets like Bitcoin should be taxed or banned to help governments manage permanent deficits.  The paper, published last Thursday, argues that in an economy where the government relies on nominal debt to maintain permanent deficits, Bitcoin poses challenges for policy implementation. The researchers claim that Bitcoin (BTC) introduces what they describe as a “balanced budget trap,” where the government is forced to balance its budget, disrupting its ability to sustain a permanent deficit. The paper uses Bitcoin as an example of private-sector security with a fixed supply and no real - [South Korea to Launch Virtual Asset Committee for Crypto Regulation](https://news.shib.io/2024/10/21/south-korea-to-launch-virtual-asset-committee-for-crypto-regulation/): South Korea is set to launch a new policy advisory body, the Virtual Asset Committee, as early as this month.  The committee will accelerate discussions on key issues, including the approval of virtual asset spot exchange-traded funds (ETFs), corporate investment in virtual assets, and the introduction of second-stage legislation. It comprises 15 members and will be led by Vice Chairperson Kim So-young of the Financial Services Commission (FSC). It will include six government officials from key ministries, such as the Ministry of Justice and the Ministry of Science and ICT, alongside nine private-sector members. The committee is established under the - [BRICS Will Advance Talks on Digital Currencies for Investment - Putin](https://news.shib.io/2024/10/21/brics-will-advance-talks-on-digital-currencies-for-investment-putin/): Russian President Vladimir Putin announced during the BRICS Business Forum in Moscow that the bloc will continue discussing the use of digital currencies in investment developments.  Putin noted that Russia and other BRICS members have already been working on a SWIFT-like financial messaging system and the use of national digital currencies in financing high-growth investment projects. He highlighted that the BRICS bloc is preparing to launch the BRICS Pay platform, a blockchain-based payment system aimed at facilitating cross-border transactions within the alliance. Putin also welcomed the inclusion of Egypt, Ethiopia, Iran, and the UAE into the bloc, highlighting that over - [Vitalik Buterin Proposes Solutions to Ethereum Staking Centralization Issues](https://news.shib.io/2024/10/21/vitalik-buterin-proposes-solutions-to-ethereum-staking-centralization-issues/): Ethereum co-creator Vitalik Buterin has proposed several changes to address centralization concerns in Ethereum’s staking and block production. In an X post yesterday, Buterin emphasized that staking centralization poses one of the most significant risks to Ethereum, as economies of scale are pushing smaller staking pools to join larger ones. He expressed concern that two entities, Beaverbuild and Titan Builder, built 88% of all Ethereum blocks in just the first two weeks of October. Possible futures of the Ethereum protocol, part 3: The Scourgehttps://t.co/mtzH1ZxTak (I tried my best to be fair to all sides of the debates here!) — vitalik.eth - [SHIB Holders, Rejoice! A PHIL Token Airdrop Is Happening](https://news.shib.io/2024/10/21/shib-holders-rejoice-a-phil-token-airdrop-is-happening/): Right, listen up, you diamond-handed degens! If you’ve been hodling onto your precious SHIB like it’s the One Ring, you’re in for a treat. A juicy PHIL token airdrop is raining down from the crypto heavens, and you don’t want to miss this token rain. No need to jump through hoops, this reward is all about timing and a little bit of luck. If your SHIB stash was nestled safely in a non-custodial wallet (MetaMask, Trust Wallet, Ledger – the usual suspects) back on August 28th (block number 20,627,000, for the blockchain historians), then you’re eligible for a share of - [Shibarium Erupts: Key Metrics Surge Fuels Optimism](https://news.shib.io/2024/10/21/shibarium-erupts-key-metrics-surge-fuels-optimism/): For weeks, Shibarium, the layer-2 scaling solution for the Shiba Inu ecosystem, has seen a promising advancement in the turbulent crypto landscape. But, like a volcano rumbling to life, Shibarium witnessed a dramatic surge in key metrics, igniting fervent excitement within its community and raising questions about the future of its gas fee token, BONE. The data unveiled an interesting story of explosive growth. New transactions, the lifeblood of any blockchain network, leaped from a modest 3,689 to a staggering 324,593, an astronomical 8,690% increase. This dramatic surge underlined a significant rise in network usage and activity, hinting at a - [NFT Market Collapse: Is Your Digital Monkey Worth Less Than Your Coffee Now? ](https://news.shib.io/2024/10/19/nft-market-collapse-is-your-digital-monkey-worth-less-than-your-coffee-now/): Oh, NFTs, how the mighty have fallen. If you’re still clutching onto your digital Bored Ape or that CryptoPunk you overpaid for in 2021, it might be time to start questioning your life choices. The NFT market has been in free fall for months, and September 2024 was no different. In fact, NFT sales volume plummeted to about 21.2% last month, leaving many traders wondering if this digital art phase is just another casualty of crypto hype. 📉💀 Remember when NFTs were the hottest thing in crypto? Everyone was talking about how your digital monkey was going to fund your retirement or - [Do Kwon Crypto Cache: Behind Bars, But Bitcoin Flows?](https://news.shib.io/2024/10/19/do-kwon-crypto-cache-behind-bars-but-bitcoin-flows/): The concrete walls of a Montenegrin prison hold Do Kwon, the fallen crypto king, but they seemingly couldn’t contain his digital millions.  A new report unveiled a perplexing twist in the ongoing saga: while awaiting extradition, Kwon allegedly orchestrated the movement of substantial Bitcoin sums, raising troubling questions about the security of his crypto holdings and the preparedness of authorities in the face of increasingly sophisticated digital finance. The story began with Kwon’s arrest in March 2023, a moment that many believed would mark the end of his run. Accused of orchestrating the spectacular collapse of the Terra/Luna ecosystem, he - [Shiba Inu Holds Its Breath: Potential Breakout Looms, Crypto Analyst Predicts](https://news.shib.io/2024/10/19/shiba-inu-holds-its-breath-potential-breakout-looms-crypto-analyst-predicts/): A palpable tension grips the Shiba Inu community. The meme coin, affectionately known as SHIB, stands poised at a critical juncture, its price teetering on the edge of a potential breakout, as forecasted by a crypto analyst. Analysts and investors alike scrutinize the charts, their collective breath held, waiting for a sign, any sign, of the anticipated upward surge. One crypto analyst, known as Crypto Sheriff (@Gem_Sheriff on X), believes the moment is at hand. Just days earlier, Sheriff tantalized his followers with a series of audacious price predictions for SHIB, ranging from $0.00002 to a moonshot of $0.001. Now, - [Tapioca DAO Drained: Millions Vanish in Cross-Chain Exploit](https://news.shib.io/2024/10/19/tapioca-dao-drained-millions-vanish-in-cross-chain-exploit/): Panic grips the decentralized finance (DeFi) community as Tapioca DAO, a promising money market protocol built on LayerZero, reels from a devastating security breach. Millions of dollars worth of its native TAP token have evaporated into the blockchain ether, leaving investors reeling and investigators scrambling to uncover the perpetrators. On Friday, the DeFi world watched in disbelief as the value of Tapioca DAO’s TAP token plummeted by over 90%. Blockchain security firm Cyvers issued an urgent alert, its tweet a stark chronicle of the unfolding disaster: “🚨ALERT🚨Our system has flagged multiple suspicious transactions involving @tapioca_dao! It might be possible that - [The Weekly Meme Digest](https://news.shib.io/2024/10/19/the-weekly-meme-digest-21/): Welcome back, degens, to The Shib’s The Weekly Meme Digest! Early Disclaimer: This ain’t your grandma’s financial news. Bored of the same old crypto news? Well, grab your snacks and HODL on tight, because The Weekly Meme Digest is back to rescue you from the mundane! Like the majestic Shiba Inu in our logo, we’re here to deliver the most paw-some stories, with a side of sass. This isn’t your typical crypto snooze-fest, oh no. We’re here to break down the chaos of crypto, blockchain, Web3, and future tech into bite-sized, meme-filled fun—because who said news can’t be spicy? 🌶️🔥 - [SEC vs. Solana: Round Two… FIGHT! 🥊](https://news.shib.io/2024/10/19/sec-vs-solana-round-two-fight-%f0%9f%a5%8a/): Looks like hopium dealers are out of luck this week! 🍀 The drama between the SEC and everyone’s favorite surfer dude blockchain, Solana (SOL), just took a turn spicier than a kimchi kimbap 🌶️🍙. Remember that summer fling where everyone thought the SEC was cooling off on SOL and other altcoins? 😎 Yeah, turns out that rumor was about as real as Satoshi’s Twitter account. 👻 The feds just doubled down on their lawsuit against Binance, claiming the exchange violated securities laws by letting users trade SOL (and a bunch of its buddies) 🧑‍🤝‍🧑. Apparently, that amended complaint in July - [Crypto Super PACs Drop $1.3M on Midterms: Forget Healthcare, Let’s Talk Blockchain💸!](https://news.shib.io/2024/10/19/crypto-super-pacs-drop-1-3m-on-midterms-forget-healthcare-lets-talk-blockchain%f0%9f%92%b8/): Well, butter my biscuit and call me Satoshi, the crypto political circus is in full swing! Crypto Super PACs have dropped a cool $1.3 million on House candidates like they’re bidding on a rare Bored Ape.  Fairshake, the PAC with more money than sense (apparently), is showering Democrats with love (read: cash), while Defend American Jobs is backing up the GOP wagon. Because nothing says “fiscal responsibility” like throwing crypto at politicians. 🤷‍♀️ According to some juicy Oct. 17 filings (because who doesn’t love reading FEC documents?), two major crypto Super PACs—Fairshake and Defend American Jobs—are playing both sides of - [Bitcoin Hits $68K, Flirting with All-Time Highs 🚀💰](https://news.shib.io/2024/10/19/bitcoin-hits-68k-flirting-with-all-time-highs-%f0%9f%9a%80%f0%9f%92%b0/): Bitcoin is back! After months of volatility and sideways action, Bitcoin has surged to around $68,000, getting dangerously close to its all-time high of around $69,000. The recent surge has been fueled by a number of factors, including the growing excitement around spot Bitcoin ETFs, short liquidations, and renewed confidence in the broader crypto market. 📈 The ETF Hype 🚀 One of the major catalysts behind Bitcoin’s rally is the increasing anticipation around spot Bitcoin ETFs. These investment vehicles are considered the holy grail for crypto adoption because they allow traditional investors to get exposure to Bitcoin without holding the asset. Inflows into these ETFs have - [Trump Can't Have It All: WLFI Token Takes a Tumble!](https://news.shib.io/2024/10/19/trump-cant-have-it-all-wlfi-token-takes-a-tumble/): Well, well, well! It looks like Donald Trump’s latest venture into the wild world of cryptocurrency, the WLFI token, has hit a bit of a snag — like a bad hair day in a windstorm! 🌪️ The launch aimed to rake in a whopping $300 million by selling 20 billion WLFI tokens. So far, they’ve managed to sell a mere 788 million tokens, bringing in just about $11.8 million — yep, that’s less than 4% of the goal. Talk about a financial flop! 🎭💰 According to blockchain data from Etherscan, around 9,050 unique wallet addresses currently hold WLFI. That’s only - [World Chain vs. Privacy: Are Users Safe, or Just Pawns in a Dangerous Game?](https://news.shib.io/2024/10/18/world-chain-vs-privacy-are-users-safe-or-just-pawns-in-a-dangerous-game/): Sam Altman’s “proof-of-humanity” initiative, formerly known as Worldcoin, has launched a new Ethereum layer-2 blockchain called World Chain.  In a statement released on October 17, the company announced that the 15 million users who have authenticated their identity through iris scans for a “World ID” can now access this new network. World Chain aims to enhance efficiency and add new features for users of the Worldcoin token, as the company seeks to scale its onboarding process. The network is designed to prioritize verified users — those with World IDs — over bots by providing them with block space and free - [Ethereum's Pectra Fork to Include New Scalability Improvements](https://news.shib.io/2024/10/18/ethereums-pectra-fork-to-include-new-scalability-improvements/): Ethereum developers are preparing to implement an Ethereum Improvement Proposal (EIP) that aims to optimize blob-carrying transactions and enhance the network’s scalability. According to an update shared by Galaxy Digital’s vice president of research, Christine Kim, on October 17, EIP-7742 is set to be included in the upcoming Pectra fork. quick update from acdc #144, devs have officially included eip 7742 in pectra, eip 7742 creates a mechanism for the CL to dynamically set the blob gas target+max, with this eip, it's *likely* a blob count increase will also be included in pectra, and *unlikely* other changes to… — Christine - [AI Robots Hacked to Perform Harmful Tasks; 100% Jailbreak Rate - Study](https://news.shib.io/2024/10/18/ai-robots-hacked-to-perform-harmful-tasks-100-jailbreak-rate-study/): Researchers from Penn Engineering have successfully hacked AI-powered robots, manipulating them to perform actions typically blocked by safety and ethical protocols.  The findings, published yesterday, detail how the research team used an algorithm called RoboPAIR to bypass safety measures in three AI robotic systems: the Unitree Go2, Clearpath Robotics’ Jackal vehicle, and NVIDIA’s Dolphin LLM self-driving simulator. The study achieved a 100% “jailbreak” rate, a process where safety constraints are circumvented, allowing the AI robots to follow harmful commands. These included instructions to deliver bombs or block emergency exits, actions the robots would typically refuse to perform under normal circumstances. - [AI-Powered Fraud Detection Tool Helps U.S. Treasury Recover Billions](https://news.shib.io/2024/10/18/ai-powered-fraud-detection-tool-helps-u-s-treasury-recover-billions/): The U.S. Department of Treasury announced yesterday that it recovered $4 billion in fraud and improper payments during the 2024 fiscal year using artificial intelligence (AI) technology.  This is a substantial increase from the previous year when the department recovered $652.7 million in fraudulent transactions. According to Treasury official Renata Miskell, the department began quietly integrating machine learning AI in late 2022. The technology has been used to analyze large sets of data and detect patterns that indicate fraudulent behavior. “It’s really been transformative,” Miskell said, emphasizing that “leveraging data has upped our game in fraud detection and prevention.” Miskell - [Forcount Promoter Juan Tacuri Sentenced to 20 Years in Prison](https://news.shib.io/2024/10/18/forcount-promoter-juan-tacuri-sentenced-to-20-years-in-prison/): Juan Tacuri, the key promoter of the Forcount Ponzi scheme, has been sentenced to 20 years in prison on October 15 by U.S. District Judge Analisa Torres. According to the U.S. Department of Justice, Tacuri was also ordered to pay $3.6 million in restitution and will face one year of supervised release following his sentence. The Southern District of New York revealed that this Ponzi scheme primarily targeted Spanish-speaking communities and defrauded thousands of investors. Tacuri was involved in a scheme falsely presenting Forcount as a cryptocurrency mining and trading company. He and others made false promises of high returns, - [India Crypto Adoption Surges at Global Grassroots Level Despite Regulatory Hurdles](https://news.shib.io/2024/10/18/india-crypto-adoption-surges-at-global-grassroots-level-despite-regulatory-hurdles/): India crypto adoption is leading the way in global grassroots movements, despite facing evolving regulations and high taxes. The region, which includes Central and Southern Asia and Oceania (CSAO), saw over $750 billion in crypto inflows from July 2023 to June 2024, according to recent data from Chainalysis. This positions CSAO as the third-largest crypto market globally, after North America and Western Europe. The region’s crypto growth is driven by institutional activity, with transfers worth over $10,000 accounting for the majority of transactions. India stands out, ranking second in terms of cryptocurrency value received and securing the top spot on - [New STKD ETF Offers Bold Bet on Bitcoin and Gold as US Election Looms](https://news.shib.io/2024/10/18/new-stkd-etf-offers-bold-bet-on-bitcoin-and-gold-as-us-election-looms/): Stacked (STKD) has introduced a new exchange-traded fund (ETF) offering leveraged exposure to both Bitcoin (BTC) and gold.  According to a statement, the STKD Bitcoin & Gold ETF (BTGD) was launched on Wednesday. It provides investors with a combined investment in these two assets, which are increasingly viewed as protection against inflation and currency debasement. The ETF is structured to give investors 100% exposure to both Bitcoin and a gold portfolio for each dollar invested in the fund. This is achieved through a mix of Bitcoin and gold futures, as well as ETFs tracking their respective prices. According to STKD, - [Stablecoin Stalls in the US Amid Regulatory Uncertainty](https://news.shib.io/2024/10/18/stablecoin-stalls-in-the-us-amid-regulatory-uncertainty/): Stablecoin growth in U.S. markets has stalled as regulatory delays push activity toward non-U.S. exchanges, reflecting challenges that threaten the country’s leadership in the digital asset space. Until 2023, U.S.-regulated exchanges saw steady growth in stablecoin transactions, driven by rising global adoption of digital currencies. However, in 2024, this trend reversed, with more stablecoin activity occurring on non-U.S. exchanges. Experts believe this shift signals not a sharp decline in U.S. market participation but rather the rapid rise of stablecoin usage outside the U.S. Emerging Markets Drive Stablecoin Adoption as U.S. Risks Losing Global Influence The surge in global stablecoin adoption - [NH Nonghyup Bank Manager Embezzles 12.1 Billion Won Using Fake Real Estate Loans](https://news.shib.io/2024/10/18/nh-nonghyup-bank-manager-embezzles-12-1-billion-won-using-fake-real-estate-loans/): An internal audit at NH Nonghyup Bank in Seoul has revealed that a branch manager embezzled 12.1 billion won (approx. $876,000) through fraudulent loans. The manager, identified as Kim, used fake real estate as collateral, exploiting weaknesses in the bank’s internal control system for over four years. The bank’s headquarters detected the fraudulent activity in late August when they noticed suspicious loan activity at the Seoul branch. The investigation found that Manager Kim secured a total of 17.1 billion won in loans over 106 occasions from June 2020 to August 2024. Kim used the names of acquaintances and created false - [FBI Arrests Alabama Man for Hacking SEC X Account](https://news.shib.io/2024/10/17/fbi-arrests-alabama-man-for-hacking-sec-x-account/): The Federal Bureau of Investigation (FBI) has arrested 25-year-old Eric Council Jr. from Athens, Alabama, for hacking the Securities and Exchange Commission’s (SEC) X account.  According to a press release from the FBI today, Council worked with co-conspirators to gain control of the SEC’s account and post a false message regarding Bitcoin exchange-traded funds (ETFs). False SEC Post Causes Bitcoin Price Surge On January 9, 2024, the SEC’s X account falsely posted, “Approval for #Bitcoin ETFs for listing on all registered national securities exchanges.” The message caused Bitcoin’s price to increase by $1,000. The price then dropped by $2,000 after - [Phil Behind the Meme: Exclusive Interview with Token Creator](https://news.shib.io/2024/10/17/phil-behind-the-meme-an-exclusive-interview-with-the-enigmatic-creator-of-phil/): The cryptocurrency world is no stranger to outlandish mascots and whimsical narratives. But Phil, a new project emerging from the meme coin frenzy, is aiming for something more. Its creator, the enigmatic ZZ_410, envisions a future where memes can be a force for good, driving real-world change through philanthropy. In this exclusive interview, we explore ZZ_410’s vision, the challenges this crypto project faces, and its potential to disrupt the crypto landscape. ZZ_410, a veteran of the crypto space, traced their journey back to the Bitcoin mining days of 2011. “Those early days felt like uncharted territory,” they recalled to The - [Trump's WLFI Token Flops: Raises Less Than 4% of $300M Goal](https://news.shib.io/2024/10/17/trumps-wlfi-token-flops-raises-less-than-4-of-300m-goal/): The launch of the Donald Trump-endorsed cryptocurrency, WLFI, has not met its initial fundraising expectations.  World Liberty Financial, the organization behind the digital coin, aimed to raise $300 million through the sale of 20 billion WLFI tokens. Currently, the project has sold only 788 million tokens, raising approximately $11.8 million, which is less than 4% of the target. Blockchain data from Etherscan shows that around 9,050 unique wallet addresses currently hold WLFI, representing roughly 9% of the 100,000 wallets whitelisted for participation. The sale began on Tuesday, with Trump promoting the project through a video on X, formerly Twitter. Despite - [Ancilia Accidentally Links to Crypto Wallet Drainer on X](https://news.shib.io/2024/10/17/ancilia-accidentally-links-to-crypto-wallet-drainer-on-x/): Ancilia, the crypto-security firm, got in trouble Wednesday when it accidentally shared a link that led to a crypto wallet drainer on X. The incident happened shortly after it published a post alerting users of the $58 million hack on Radiant Capital’s lending protocol. In its post, Ancilia urged Radiant users to revoke smart contract permissions on the exploited platform to protect their funds. The post included a link to what was later revealed to be a crypto wallet drainer – a malicious tool designed to steal money from unsuspecting victims. Pseudonymous crypto commentator Spreek, who first noticed the mistake - [Radiant Capital Security Breach Drains $58M From User Funds](https://news.shib.io/2024/10/17/radiant-capital-security-breach-drains-58m-from-user-funds/): Radiant Capital has reported a security breach affecting its contracts on the Binance Smart Chain (BSC) and Arbitrum (ARB) networks, resulting in the loss of approximately $58 million in user funds, including USDC, WBNB, and ETH. Analytics platform De.Fi Antivirus Web3 revealed this in a post on X. In response to the breach, security experts are advising users to take immediate action by revoking any existing approvals for their tokens associated with Radiant Capital. The address to revoke approvals is 0xd50cf00b6e600dd036ba8ef475677d816d6c4281, and users are urged to act swiftly to protect their remaining funds from further unauthorized access. The analytics platform - [Cybercriminal Recruitment is High in Russia, China, and N Korea - Report](https://news.shib.io/2024/10/17/cybercriminal-recruitment-is-high-in-russia-china-and-n-korea-report/): Russia, China, and North Korea are reportedly intensifying their cybercriminal recruitment activities to steal money, gather intelligence, and influence elections, according to a report released by Microsoft on Tuesday.Microsoft’s Digital Defense Report highlights how nation-state actors are becoming more aggressive and sophisticated in their cyber attacks. Tom Burt, the corporate vice president of customer security, noted in the summary that hackers aren’t just stealing data; they are also launching ransomware attacks, sabotaging operations, and influencing public opinion. The report highlights how authoritarian regimes are strategically harnessing the expertise of criminal hackers to bolster their own tech capabilities without incurring significant - [Automatic Bot Hacks Token, Profits $24,000 in 12 Secs](https://news.shib.io/2024/10/17/automatic-bot-hacks-token-profits-24000-in-12-secs/): A token was hacked in under 12 seconds by a bot linked to the pseudonymous Ethereum wallet “bigbrainchad.eth,” netting the hacker $24,000 in profits.  This swift, coordinated assault reportedly occurred just moments after the token became vulnerable, with the hacker’s automated system identifying the weakness and executing the exploit almost instantly. Automated Bots: The New Face of Crypto Exploits The use of automated bots, like the one tied to “bigbrainchad.eth,” is becoming increasingly common in the world of crypto hacks. These bots are programmed to scan blockchain networks for weaknesses, then execute attacks with extraordinary speed. In this case, the - [2024 State of Crypto Report: Transformative Year for Blockchain Tech and Policy](https://news.shib.io/2024/10/17/2024-state-of-crypto-report-transformative-year-for-blockchain-tech-and-policy/): The newly released 2024 State of Crypto Report highlights dramatic advancements in the cryptocurrency landscape, showcasing unprecedented growth, policy recognition, and technological improvements. The 2024 State of Crypto Report highlights cryptocurrency’s emergence as a significant topic for policymakers, the many technological upgrades to blockchain networks, and evolving trends among builders and users in the crypto space. One key area of focus in the report is the rise of stablecoins, often referred to as one of crypto’s “killer apps.” Stablecoins have gained traction, demonstrating their product-market fit in the broader financial landscape. The report also explores the intersection of cryptocurrency with - [Is Shiba Inu Next? Robinhood Targets Seasoned Traders With Bitcoin Futures](https://news.shib.io/2024/10/17/robinhood-targets-seasoned-traders-with-bitcoin-futures-is-shiba-inu-next/): Robinhood, the trading platform that became a household name during the 2021 meme-stock frenzy, is making a play for Wall Street’s grown-ups. The company’s recent foray into Bitcoin and Ethereum futures trading signals a clear ambition: to shed its image as a playground for retail investors and compete with established brokerage giants. But as Robinhood sets its sights on seasoned traders, a lingering question hangs in the air, particularly for the fervent Shiba Inu community: will the popular dog-themed altcoin be next? The company’s strategic shift is evident in its recent moves. Robinhood unveiled its new desktop platform, Robinhood Legend, - [The Shib Crypto Recap: Wednesday](https://news.shib.io/2024/10/16/the-shib-crypto-recap-wednesday-4/): This Wednesday, the news cycle is buzzing with significant law enforcement action against crypto fraud, market discussions, the involvement of well-known influencers in tokens that have crashed, and TikTok facing scrutiny for allegedly operating in a manner akin to a cryptocurrency exchange. High-Tech Romance Scam: 27 Arrested in $46M Cross-Border Crypto Fraud Police in Hung Hom, Hong Kong, discovered a large cross-border fraud operation that swindled over HK$360 million (approximately $45.93 million USD) from victims worldwide. They arrested 27 individuals, aged 21 to 34, on charges of conspiracy to defraud and possession of offensive weapons. The fraud involved local university - [Changing the Game](https://news.shib.io/2024/10/16/changing-the-game/): Read the latest edition of The Shib magazine here. - [Italy to Slam Bitcoin Gains with 42% Tax Hike](https://news.shib.io/2024/10/16/italy-to-slam-bitcoin-gains-with-42-tax-hike/): The Italian government is planning to increase the capital gains tax on Bitcoin from 26% to 42%, according to Deputy Economy Minister Maurizio Leo.  Speaking at a news conference today, Leo explained that the change is part of the country’s budget bill approved by the Council of Ministers. This proposed tax increase would apply to profits made from Bitcoin investments. Leo stated, “On capital gains from Bitcoin, the withholding tax increases from 26% to 42%.” According to him, the government’s goal is to revise tax policies related to digital assets and generate additional revenue for the state budget. Italy’s Elimination - [TikTok Accused of Running a Secret Crypto Exchange – Here's Why](https://news.shib.io/2024/10/16/tiktok-accused-of-running-a-secret-crypto-exchange-heres-why/): TikTok is being scrutinized in the UK for potentially operating like a cryptocurrency exchange. According to Financial News, a compliance expert alerted the Financial Conduct Authority (FCA) regarding TikTok’s virtual currency system, TikTok Coins. Users purchase these coins with real money to gift creators on the platform, but concerns have been raised about the possibility of converting the coins back into cash. This process mirrors cryptocurrency transactions and has drawn attention from regulatory authorities. The expert expressed concerns about TikTok’s virtual tokens being used in ways that may involve money laundering or terrorist financing. These concerns arise as crypto businesses - [Sleeping Bitcoin Whale Moves $630K to Kraken, Unleashes $5.5M in 2 Months](https://news.shib.io/2024/10/16/sleeping-bitcoin-whale-moves-630k-to-kraken-unleashes-5-5m-in-2-months/): A long-dormant Bitcoin whale, who mined cryptocurrency just five days after the genesis block was created in 2009, has recently made significant transfers to Kraken, a major cryptocurrency exchange. Blockchain data firm Arkham Intelligence reported that the whale transferred $630,000 worth of Bitcoin to Kraken on Monday. This follows previous transfers by the same wallet, totaling $5.47 million in Bitcoin over the past two months. According to Arkham Intelligence, the whale’s wallet still holds approximately $75.2 million worth of Bitcoin after these transfers. The wallet’s remaining 1,127 bitcoins were moved to a new address following the most recent transaction. Bitcoin - [Bitfinex Hack Mastermind Faces 5 Years in Prison](https://news.shib.io/2024/10/16/bitfinex-hack-mastermind-faces-5-years-in-prison/): Ilya Lichtenstein, the individual behind the 2016 Bitfinex hack, is facing a five-year prison sentence for his role in a large-scale money laundering operation. According to Bloomberg, U.S. prosecutors have asked the court to impose this sentence after Lichtenstein’s guilty plea over the theft of roughly 120,000 Bitcoin from the exchange. At the time, the stolen Bitcoin was worth $71 million, but its value later surged to over $6 billion due to the rise in cryptocurrency prices. Lichtenstein’s wife, Heather Morgan, also played a role in laundering the funds and has pleaded guilty to related charges. Prosecutors recommended an 18-month - [Tesla Shifts Entire Bitcoin Holdings – Is a Big Market Move Coming?](https://news.shib.io/2024/10/16/tesla-shifts-entire-bitcoin-holdings-is-a-big-market-move-coming/): Tesla has moved its entire Bitcoin holdings, totaling 11,509 BTC, valued at approximately $770 million, to new wallet addresses after two years of inactivity.  Arkham Research tracked the move, reporting that the company transferred Bitcoin in a series of transactions, including six test transfers. These movements represent the first time Tesla has interacted with its Bitcoin wallets since June 2022. Tesla initially invested $1.5 billion in Bitcoin in February 2021. As of October 15, 2024, Tesla’s Bitcoin holdings were estimated at 9,720 BTC, worth around $650 million. However, Arkham’s data indicates the company holds a total of 11,509 BTC across - [Victim Loses $35,000 in Otxo Conference Malware Attack](https://news.shib.io/2024/10/16/victim-loses-35000-in-otxo-conference-malware-attack/): A victim has reported a loss of $35,000 after unknowingly installing malware associated with the Otxo conference.  Scam Sniffer talked about it on X. ⚠️ A victim claims they lost $35,000 after installing the Otxo conference malware 3 days ago. Get our security extension for timely alerts! 🔒💡 https://t.co/EUbiI9M76B pic.twitter.com/Crwq5fzad6 — Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) October 16, 2024 Malware, short for malicious software, refers to any software designed to cause damage to a computer, server, client, or computer network. It encompasses a variety of harmful programs, including viruses, worms, trojans, ransomware, and spyware. It can also infiltrate systems - [Ledger Wallet Users Targeted in Phishing Scheme to Activate Fake 'Clear Signing' Feature](https://news.shib.io/2024/10/16/ledger-wallet-users-targeted-in-phishing-scheme-to-activate-fake-clear-signing-feature/): A new phishing campaign is targeting Ledger wallet users to trick them into activating a fraudulent security feature called “Ledger Clear Signing” and steal their cryptocurrency. The deceptive emails, which do not originate from official Ledger addresses, claim that doing so is essential for the continued secure use of Ledger devices. The emails contain a malicious link that directs recipients to a fake website, where they are prompted to enter sensitive information. One email states, “To continue using your Ledger device securely, activating Clear Signing is mandatory starting November 1, 2024. This feature is essential in protecting your assets from - [Russia Implements Two-Stage Income Tax System for Crypto Miners](https://news.shib.io/2024/10/16/russia-implements-two-stage-income-tax-system-for-crypto-miners/): Cryptocurrency miners in Russia will soon face the same income tax regulations as other industries. The proposed taxation system is structured to calculate tax liabilities based on when miners can dispose of their mined cryptocurrency. According to Alexey Katyayev, head of the Interregional Inspectorate for the Largest Taxpayers No. 7 of the Federal Tax Service (FTS), the payment will occur in two stages. During the first stage, termed “payment of an advance on mined cryptocurrency,” the tax base begins once the cryptocurrency is credited to the miner’s identifier address. Katyayev said that miners can trigger tax calculations even if they keep the - [Hong Kong Police Uncover $360M Global Crypto Fraud Ring](https://news.shib.io/2024/10/16/hong-kong-police-uncover-360m-global-crypto-fraud-ring/): In the heart of Hung Hom neighborhood in Hong Kong, police uncovered a massive cross-border fraud center responsible for defrauding victims worldwide of over HK$360 million (approximately $45.93 million USD).  The Hong Kong Police Force (HKPF) dismantled the operation, arresting 27 individuals aged between 21 and 34 years, for conspiracy to defraud and possession of offensive weapons. Described as unusually large and meticulously organized, the operation involved local university graduates, overseas fraudsters, and IT experts. They allegedly collaborated to create a fake cryptocurrency investment platform. The scam employed a sophisticated “romance scam” strategy, using artificial intelligence-based “deepfake” technology to initiate - [MrBeast $10M Crypto Gains and How Influencer-Backed Tokens Crashed](https://news.shib.io/2024/10/16/mrbeast-10m-crypto-gains-and-how-influencer-backed-tokens-crashed/): A recent investigation into YouTube sensation MrBeast exposes his involvement in profiting over $10 million by backing low-cap crypto tokens. Many of these had since plummeted over 90% in value. Promoted by influencers like Lark Davis and KSI, these investments left retail investors facing massive losses. At the center of this investigation is MrBeast’s involvement with SuperFarm, now rebranded as SuperVerse. The investigation, based on wallet activity labeled as belonging to MrBeast by blockchain analytics platform Arkham Intelligence, alleged that MrBeast turned an initial $100,000 investment into over $9 million.  MrBeast’s involvement became public when a private message from him, - [The Shib Crypto Recap: Tuesday](https://news.shib.io/2024/10/16/the-shib-crypto-recap-tuesday-4/): It’s another day in the crypto sphere, which means it’s time for a recap of today’s major headlines. Tuesday features a mosaic of even more crypto security issues, regulatory precedents, and Bitcoin discussions.   Shocking Stats: 536 Crypto Hacks and $31 Billion in Losses Over a Decade A recent report indicates there have been 536 crypto hacks and scams over the past 13 years, causing losses exceeding $31 billion. Analyst Igor Stepahin created what he calls “the largest dataset of crypto losses,” using a hybrid Bubble Chart and Swarm Plot to illustrate the data. Notably, over $18 billion has been - [Bitcoin Slammed as ‘Worthless’ by Fed President Despite Soaring 48% in 2024](https://news.shib.io/2024/10/15/bitcoin-slammed-as-worthless-by-fed-president-despite-soaring-48-in-2024/): Minneapolis Federal Reserve President Neel Kashkari has reiterated his stance that Bitcoin remains a “worthless” asset class despite its 12 years of existence. Kashkari emphasized that the cryptocurrency has not established itself as a viable currency, maintaining its critical view of the asset despite its longevity in the financial markets. FED'S KASHKARI: BITCOIN REMAINS WORTHLESS AFTER TWELVE YEARS — FinancialJuice (@financialjuice) October 14, 2024 Bitcoin’s Performance Over the Years BTC has shown significant gains through the years, delivering notable returns during several key periods. In 2012, the cryptocurrency rose by 9%, followed by a 59% increase in 2016 and a - [Google Taps Nuclear Power to Fuel AI: WSJ](https://news.shib.io/2024/10/15/google-taps-nuclear-power-to-fuel-ai-wsj/): Google has signed an agreement to support the construction of seven small nuclear reactors in the U.S. to help meet the country’s rising demand for electricity, particularly for its artificial intelligence (AI) data centers.  According to the Wall Street Journal, the deal is with nuclear-energy startup Kairos Power and represents the first commercial construction of small modular nuclear reactors (SMRs) in the United States. The companies announced that the reactors are expected to add 500 megawatts of power by the end of the decade. Google Partnership with Kairos for Nuclear Energy Under the agreement, Kairos Power will deliver the reactors, - [South Korea Authorities Crack Down on Tax Evaders with $890K Crypto Seizure](https://news.shib.io/2024/10/15/south-korea-authorities-crack-down-on-tax-evaders-with-890k-crypto-seizure/): North Gyeongsang Province in South Korea has seized cryptocurrency assets totaling $890,000 from residents who failed to pay their local taxes. The province aims to collect $136 million in overdue taxes by the end of the year and has already recovered $35 million by August, per a report from Daekyung IIbo. The latest seizure is an ongoing effort to target tax evaders with cryptocurrency holdings. South Korea Intensifies Tax Recovery Efforts The province announced a two-month campaign to recover unpaid taxes, running from October 14 to December 13. The campaign involves 22 of the province’s largest cities and counties, all - [Brazil's Digital Currency Advances with Drex Consortium](https://news.shib.io/2024/10/15/brazils-digital-currency-advances-with-drex-consortium/): Brazil’s Central Bank (BC) has announced a second phase for its pilot project, Drex, which aims to create a digital currency infrastructure for the country’s financial system.  The project, launched in 2019, intends to expand the number of consortiums participating and receive more complex use cases than those tested in the first phase, such as loans secured by custodial assets or carbon credits. For the new phase, 13 use cases are confirmed for testing. These include receivables assignment and credit collateralized by CDBs. Other cases involve loans backed by government bonds and international trade financing. The tests also cover foreign - [Trump Crypto Project Reportedly Secures 100K Signups Before Major Token Launch](https://news.shib.io/2024/10/15/trump-crypto-project-reportedly-secures-100k-signups-before-major-token-launch/): World Liberty Financial (WLFI), the decentralized finance (DeFi) platform associated with Donald Trump, claims to have secured more than 100,000 signups ahead of its WLFI token launch today.  The platform revealed it will release an Ethereum-based ERC-20 governance token, which will be integral to the platform’s operations. The token will serve as a governance tool, allowing holders to participate in decision-making. Zak Folkman, head of operations for World Liberty Financial, discussed details of the token during an X Spaces event yesterday. Folkman and team members Chase Herro and Zach Witkoff reiterated information already provided in a blog post last Friday.  - [Phishing Scam Strikes Again: $1.28M in Crypto Gone](https://news.shib.io/2024/10/15/phishing-scam-strikes-again-1-28m-in-crypto-gone/): A new phishing scam has led to the theft of approximately $1.28 million worth of cryptocurrency. According to blockchain security firm PeckShieldAlert, the victim’s wallet was drained after signing a malicious phishing permit. The stolen assets include PEPE, APU, and MSTR tokens. PeckShieldAlert identified the compromised wallet as 0xb0b8…40c7. The stolen assets consist of 108 billion PEPE tokens, 73.8 million APU tokens, and 165,000 MSTR tokens. The phishing address, labeled #Fake_Phishing442846, has been connected to the same group responsible for an earlier theft involving Spark Wrapped Ethereum (spWETH) tokens worth $32 million. #PeckShieldAlert The address 0xb0b8…40c7 has been drained of - [Metaplanet Boosts Bitcoin Holdings by 107 BTC, Stock Jumps 15.7% Overnight](https://news.shib.io/2024/10/15/metaplanet-boosts-bitcoin-holdings-by-107-btc-stock-jumps-15-7-overnight/): Shares of Japanese investment firm Metaplanet rose 15.7% today after the company announced its latest Bitcoin acquisition. Metaplanet revealed that it purchased nearly 107 Bitcoin, bringing its total holdings to 855.5 BTC, valued at over $56.1 million. Latest Bitcoin Purchase Details Metaplanet confirmed that it spent approximately $6.7 million (1 billion yen) to acquire 106.976 Bitcoin at a price of $62,520 per coin. This price was 5.8% below the market rate of $66,200 at the time of the transaction. This latest acquisition follows a series of Bitcoin purchases made earlier in October. Metaplanet acquired 109 Bitcoin on October 11 and - [How Dollar-Cost Averaging is Transforming Crypto Investment](https://news.shib.io/2024/10/15/how-dollar-cost-averaging-is-transforming-crypto-investment/): Dollar-cost averaging (DCA) has emerged as a popular investment strategy among cryptocurrency investors, allowing individuals to purchase a fixed amount of an asset at regular intervals.  This method offers a “set it and forget it” approach that enables investors to steadily accumulate cryptocurrency while minimizing the impact of short-term price volatility and emotional decision-making. A recent survey of 1,109 crypto investors sheds light on the effectiveness of DCA and how various demographics adapt their investment strategies in response to market fluctuations. Notably, 83.53% of respondents reported having used DCA, with 59% identifying it as their primary strategy for engaging with - [UAE Central Bank Regulates Algorithmic Stablecoins, Privacy Tokens](https://news.shib.io/2024/10/15/uae-central-bank-regulates-algorithmic-stablecoins-privacy-tokens/): The Central Bank of the UAE has begun regulating the virtual asset landscape, particularly focusing on Algorithmic Stablecoins and Privacy Tokens. Regulators have scrutinized these two categories of digital assets due to their potential for misuse, as well as their impact on the integrity of the financial system. The announcement is seen as a bold step by CBUAE, which has traditionally been conservative in its approach to financial innovation. As part of these regulatory efforts, the UAE Central Bank enacted a prohibition on the issuance, promotion, and provision of services related to Algorithmic Stablecoins and Privacy Tokens. This prohibition extends - [Over $31B Lost to Crypto Hacks and Scams in 13 Years - Analyst](https://news.shib.io/2024/10/15/over-31b-lost-to-crypto-hacks-and-scams-in-13-years-analyst/): As cryptocurrencies have evolved into a multibillion-dollar industry, so have the hacks and scams that come with them. A recent report reveals that there have been 536 incidents over the last 13 years, totaling more than $31 billion in losses. Analyst Igor Stepahin curated a list of crypto scams calling it “the largest dataset of crypto losses.”  The analyst highlighted a unique hybrid of a Bubble Chart and Swarm Plot showing the distribution of crypto hacking incidents over the said period. Each circle represents an incident, with its size indicating the amount lost (if reported). The X-axis displays dates, while - [Samara Asset Eyes €30M Nordic Bond, Taps Pareto for Investor Talks](https://news.shib.io/2024/10/15/samara-asset-eyes-e30m-nordic-bond-taps-pareto-for-investor-talks/): Samara Asset Group p.l.c., a global asset management firm based in Berlin, has mandated Pareto Securities as Sole Manager to arrange a series of fixed-income investor meetings. An up to €30m (approximately $31.6 million) senior secured Nordic bond (the “Bond”) may follow, subject to market conditions.  The Bond will be issued by Samara Asset Group p.l.c., while a newly formed SPV, Samara Asset Holdings Ltd., will act as the guarantor. Samara’s goal with this Bond is to expand its diversified investment portfolio. It aims to acquire additional limited partnership stakes in alternative investment funds. It also wants to enhance its - [The Shib Crypto Recap: Monday](https://news.shib.io/2024/10/14/the-shib-crypto-recap-monday-3/): In today’s recap, we’ll explore the latest in crypto as we kick off the week. This Monday has brought with it reports of rising crypto-related crimes and the introduction of new regulatory enforcement strategies. We’ll also dive into Vitalik Buterin’s recent insights shared in a blog post, as well as Google’s controversial decision to remove live price charts from its interface. Additionally, the James Howells case continues to unveil fascinating aspects worth discussing in the crypto narrative. Western Europe Faces Spike in Violent Home Invasions and High-Stakes Robberies There has been a significant increase in violent home invasions aimed at - [Ethereum’s Future: How Vitalik Buterin Plans to Transform Staking and Decentralization](https://news.shib.io/2024/10/14/ethereums-future-how-vitalik-buterin-plans-to-transform-staking-and-decentralization/): Vitalik Buterin has outlined several areas for improvement in Ethereum’s Proof of Stake (PoS) network, particularly focusing on staking accessibility and block finalization speed. In a recent blog post, Buterin highlighted that while Ethereum’s transition from Proof of Work (PoW) to PoS was a significant milestone, issues remain. One primary concern is the high staking requirement of 32 ETH, which Buterin proposes lowering to 1 ETH to encourage solo staking. He believes that reducing this barrier could promote decentralization by allowing more individuals to participate. Possible futures of the Ethereum protocol, part 1: the Mergehttps://t.co/JycODdM4wW — vitalik.eth (@VitalikButerin) October 14, - [Europe’s Crypto Holders Facing Violent Home Raids—$4.3 Million Bitcoin Stolen](https://news.shib.io/2024/10/14/europes-crypto-holders-facing-violent-home-raids-4-3-million-bitcoin-stolen/): A sharp rise in violent home invasions targeting crypto holders has been reported, particularly in Western Europe. In a post on X last Thursday, Blockchain investigator ZachXBT said he received numerous messages from victims, revealing a pattern of criminals using extreme force to steal cryptocurrency. These incidents involve armed attackers forcing individuals to transfer their digital assets on the spot. ZachXBT made the same claim in a Telegram message on September 27. However, he revealed that one incident involved a user on the social media platform X, who lost $4.3 million in cryptocurrency during a home invasion in June 2024. - [World Liberty Financial Token Sale Scheduled Amid Ongoing Controversies](https://news.shib.io/2024/10/14/world-liberty-financial-token-sale-scheduled-amid-ongoing-controversies/): The highly anticipated token sale for World Liberty Financial (WLFI) is set to go live on Tuesday morning, October 15.  Former Republican U.S. president made the announcement on X.  This initiative aims to reshape the financial landscape, and prospective buyers are encouraged to join the exclusive X Spaces session on October 14 at 8 a.m. EST. This is to gain insights into this groundbreaking venture, as per Trump.  Over the years, Trump has evolved from being a critic of cryptocurrency to becoming a strong advocate. “We are embracing the future with crypto and leaving the slow and outdated big banks - [Zypto App Confirms Shibarium Integration](https://news.shib.io/2024/10/14/zypto-app-confirms-shibarium-integration-expanding-access-to-shiba-inu-ecosystem/): Zypto, a comprehensive cryptocurrency platform bridging decentralized and centralized finance (DeFi and CeFi), confirms it is prioritizing the integration of Shibarium, Shiba Inu’s layer-2 scaling solution, bringing enhanced scalability and functionality to its users. Zypto’s platform caters to both novice and experienced crypto users, offering a user-friendly interface for managing, trading, and spending cryptocurrencies. While specific user numbers aren’t publicly available, the platform boasts a growing user base and strategic partnerships with companies like MoneyGram and American Express, expanding its global reach across markets like the U.S. and Europe. “We love to see such strong community engagement!” Zypto announced on - [No More Bitcoin Price Updates? Google Pulls the Plug on Crypto Charts](https://news.shib.io/2024/10/14/no-more-bitcoin-price-updates-google-pulls-the-plug-on-crypto-charts/): Google has removed live price charts for Bitcoin and other cryptocurrencies from its search results. Users who typically check cryptocurrency prices by searching terms like “Bitcoin price” or “Ethereum price” no longer see the charts, which have been available since 2018. However, Google has not provided an official explanation for this change, and it is uncertain whether the removal is temporary or permanent. Although cryptocurrency price charts have been removed, stock and index charts continue to appear in search results. The feature had previously allowed users to quickly check the price of Bitcoin and other popular cryptocurrencies directly from the - [Bitcoin Mining Expansion: Buryatia's Bold Energy Upgrade to Enhance Regional Capacity](https://news.shib.io/2024/10/14/bitcoin-mining-expansion-buryatias-bold-energy-upgrade-to-enhance-regional-capacity/): In a significant boost for the Russian Bitcoin mining hotspot of Buryatia, plans are underway for a major energy upgrade, with a revamped thermal power plant set to launch before the end of 2029.  This project promises to enhance the region’s energy capacity, according to an announcement by Russian news agency TASS. It aims to address the growing demands of the cryptocurrency industry while positioning Buryatia as a key player in the global Bitcoin mining landscape. TGK-14 is undertaking the project in Buryatia’s capital city of Ulan-Ude, and it has the potential to alleviate energy deficits. It also aims to - [Lost Treasure or Legal Quagmire? The James Howells Case Exposes Risks of Lost Digital Assets](https://news.shib.io/2024/10/14/lost-treasure-or-legal-quagmire-the-james-howells-case-exposes-risks-of-lost-digital-assets/): In a bizarre twist of fate, James Howells, a Newport IT engineer, is facing a legal showdown with his hometown council over the loss of an estimated £495 million (approximately $647 million) in Bitcoin.  At stake is the recovery of a hard drive containing private keys to 8,000 Bitcoins – a digital treasure trove that has since soared in value. The story began in 2013, when Howells accidentally discarded the hard drive during a household clearout, sending it to Newport’s recycling center. The IT engineer had been an early Bitcoin miner. His lost digital hoard has become a symbol of - [SARS Cracks Down on Crypto: Major Investigation Targets Tax Evasion and Financial Misconduct](https://news.shib.io/2024/10/14/sars-cracks-down-on-crypto-major-investigation-targets-tax-evasion-and-financial-misconduct/): The South African Revenue Service (SARS) has launched a major investigation into cryptocurrency investments. SARS is taking a hard line against non-compliant taxpayers. This is part of a bold move to combat tax evasion and financial misconduct. More than 5.8 million South Africans now own some form of cryptocurrency. As a result, SARS is intensifying efforts to ensure these assets are accurately reported for tax purposes.  SARS has declared cryptocurrencies like Bitcoin, Ethereum, and others as official assets. That means every South African with crypto holdings or trading activities must report them on their tax returns. Failure to comply could - [Shiba Inu Ecosystem Explodes: New Partnerships, Games, and Bullish Predictions](https://news.shib.io/2024/10/14/shiba-inu-ecosystem-explodes-new-partnerships-games-and-bullish-predictions/): The Shiba Inu ecosystem is experiencing a surge in activity, captivating audiences beyond the typical crypto crowd. From fast-food packaging to high-profile collaborations and key technical developments, SHIB is making its presence felt across diverse sectors, solidifying its position as a prominent player not only in the meme coin arena but also in the broader cryptocurrency industry. This week, Shiba Inu’s playful image adorned the packaging of McDonald’s Japan’s triangular chocolate pie. While not a formal partnership, the “black shiba” and “sweet potato shiba” designs introduced SHIB to a massive consumer base, leveraging McDonald’s iconic brand recognition. Delorean Labs further - [Shiba Inu Could See Triple-Digit Price Explosion: Crypto Analyst](https://news.shib.io/2024/10/14/shiba-inu-could-see-triple-digit-price-explosion-analyst-predicts/): Shiba Inu is once again at the center of crypto speculation, with a new price prediction suggesting the meme coin could see a triple-digit percentage increase. The dog-themed altcoin Shiba Inu ($SHIB) found itself again in the spotlight, as a bold prediction from crypto analyst Javon Marks (@JavomTM1 on X) ignited speculation of a potential price surge. Marks forcasted a potential triple-digit percentage increase, specifically around 342%, sending ripples of excitement through the SHIB community.  Shiba Inu Technical Pattern The crypto analyst’s analysis, shared on social media, centered on a technical pattern known as a “Falling Wedge.” This pattern, often - [He Bought 7 Bitcoin for $800. Now He's Telling His Story](https://news.shib.io/2024/10/14/bitcoin-purchased-for-800-now-worth-millions/): Toby Cunningham unearthed a years-old record of a Bitcoin transaction. The date: April 25, 2013. The time: 9:59 AM. The purchase: 7 Bitcoin for $771.75. A relic from the crypto Wild West, a time of zero KYC and unimaginable potential. Now, he’s sharing this snapshot of his past, a testament to a gamble that paid off exponentially. In the spring of 2013, Bitcoin was still a relatively obscure digital currency, a niche interest for tech enthusiasts and early adopters. Cunningham, a self-described veteran of three bull markets and two bear markets, was among those drawn to its potential. Living a - [The Weekly Meme Digest](https://news.shib.io/2024/10/13/the-weekly-meme-digest-20/): Welcome Back to The Shib Daily’s Weekly Meme Digest: Where the Memes are Hotter Than a DeFi Yield Farm 🔥🔥🔥 You know the drill, folks: no boring news here. This is the Weekly Meme Digest, where we deliver the crypto stories that matter, unadulterated and unassuming. 🐶 Think of us as your trusty Shiba Inu guide through the wild, wacky world of blockchain, web3, and future tech. This week’s edition is packed with the kind of stories that’ll make you say, “Wait, what?!” From a tale of a financial institution’s unexpected involvement in a certain shady practice… to a continent - [TD Bank Caught Red-Handed... Laundering Money, But I thought Its Crypto?](https://news.shib.io/2024/10/13/td-bank-caught-red-handed-laundering-money-but-i-thought-its-crypto/): Just when you thought the crypto world was the only place for shady financial dealings, along comes TD Bank, a pillar of traditional banking, to prove us all wrong. In a shocking twist of events, the 10th-largest bank in the US has been caught red-handed laundering millions of dollars for drug cartels. Yes, you read that right. A bank. Laundering money. Who would have thought? 🤨 TD Bank has been hit with a historic $3.1 billion fine for failing to stop money laundering. But wait—wasn’t crypto supposed to be the bad guy here? 🚨 Turns out, it’s not your favorite - [Uncle Sam's Crypto Piggy Bank: $31.92 Billion and Counting!](https://news.shib.io/2024/10/13/uncle-sams-crypto-piggy-bank-31-92-billion-and-counting/): Wen Lambo? More like wen jail? 😂 U.S. regulators have been busier than a Bitcoin miner during a bull run, raking in a cool $31.92 BILLION in settlements from crypto companies since 2019. That’s enough to buy a small country…or maybe just a really nice yacht for every SEC employee. 🛥️ Regulators’ Black Friday Crypto Haul: $19 Billion in 2024 Alone! Let’s break it down: In 2024 alone, U.S. regulators collected over $19 billion in settlements. A quick calculation shows that’s two-thirds of all crypto settlements to date, meaning this year might just be the crypto world’s biggest Black Friday - [Gensler’s Crypto Comedy: SEC Chair Puts the Chill on Digital Currency Dreams](https://news.shib.io/2024/10/13/genslers-crypto-comedy-sec-chair-puts-the-chill-on-digital-currency-dreams/): Howdy howdy, you beautiful folks! 🫂What’s up? As usual, we have been busy at the news desk trying to fetch you the latest from the crypto space. Hmm, besides being serious, we didn’t forget to lighten you up! And that’s why we present Gensler for you!!😄 In a delightful twist to the crypto saga, SEC Chair Gary Gensler recently donned his philosopher’s cap at NYU and threw a bucket of cold water on the cryptocurrency industry’s dreams of becoming the next global currency superstar.😄 Speaking like a modern-day Socrates, he voiced doubts about whether Bitcoin could ever step up as - [Gensler for Treasury: The Latest Plot Twist!](https://news.shib.io/2024/08/24/gensler-for-treasury-the-latest-plot-twist/): Hold on to your digital wallets, crypto enthusiasts! This week, we’ve got a doozy of a headline for you, straight from the uncharted territories of political rumor mill: Is Gary Gensler, the SEC’s reigning “crypto nemesis,” about to swap his enforcement cape for a Treasury Secretary badge under a hypothetical Kamala Harris administration? 🤔 Here’s the scoop, or rather, the speculative salad tossed by the Washington Reporter—a publication that sounds like it should come with a side of political intrigue. According to their unnamed sources (because nothing screams credibility like anonymous whispers), Gensler might be the Treasury’s next VIP. The - [Solana in a Jam: Vote Transactions, Validator Woes, and a Hint of Ponzi?](https://news.shib.io/2024/08/24/solana-in-a-jam-vote-transactions-validator-woes-and-a-hint-of-ponzi/): Have you heard about Solana being in a bit of a pickle as of late? It’s been accused of playing host to what looks suspiciously like a Ponzi scheme. 😨 Allegedly. 👀 Let’s find out why some critics are starting to wonder if Solana is really as decentralized and fair as it claims to be. 🕵🏽‍♀️🔎 There is a lot of movement on the chain – this much is true at least! 😁 But some onlookers are claiming it’s like only the big-name validators are getting the VIP treatment. As for the newcomers? Not so much. 🤔 So if you’re - [Crypto Pyramid Scheme Leader Extradited to China from Thailand](https://news.shib.io/2024/08/23/crypto-pyramid-scheme-leader-extradited-to-china-from-thailand/): Zhang Moumou, the leader of the notorious MBI Group, has been extradited from Thailand to China following a lengthy international manhunt.  Local Chinese media outlet The Paper reports that this extradition is the first case involving an economic crime under the China-Thailand Extradition Treaty, which was signed in 1999. Zhang’s operation, which began in 2012, involved an online pyramid scheme offering high returns through virtual digital currencies. According to the report, the scheme required participants to pay fees ranging from 700 to 245,000 yuan ($98 to $34,316) to join. Earnings were linked to recruiting new members and the level of - [NYSE Withdraws Bitcoin ETF Applications Amid SEC Scrutiny; Market Resilience and Positive Inflows Persist](https://news.shib.io/2024/08/23/nyse-withdraws-bitcoin-etf-applications-amid-sec-scrutiny-market-resilience-and-positive-inflows-persist/): The New York Stock Exchange (NYSE) has withdrawn its application to list and trade the Bitwise Bitcoin ETF and the Grayscale Bitcoin Trust, as per a recent Securities and Exchange Commission (SEC) filing. The SEC had extended its review period several times between April and July this year.  Along with the NYSE, the Chicago Board Options Exchange (CBOE) also withdrew its application, but it refiled its proposal with the SEC. The ongoing debate between security and stock exchanges and the SEC has spanned over a year, showcasing stringent oversight on Bitcoin and Ether ETFs concerning market manipulation, investor protection, and - [Binance Expands African Services with Mobile Money Crypto Trading Feature](https://news.shib.io/2024/08/23/binance-expands-african-services-with-mobile-money-crypto-trading-feature/): Global cryptocurrency exchange Binance has announced the expansion of its services in Africa, enabling users in Ghana, Tanzania, Uganda, and Zambia to trade crypto assets using mobile money accounts. The newly introduced One Click Buy and Sell (OCBS) feature, developed in partnership with Web3 payment company TransFi, is part of Binance’s global fiat on-ramp/off-ramp offering, aimed at increasing accessibility and simplifying the purchase and sale of digital assets across the region. The integration of mobile money into Binance’s platform is intended to provide seamless access to crypto assets, targeting the unbanked and underbanked communities in Africa. Binance emphasized that its initiative - [Trump Announces Launch of 'The Defiant Ones' Crypto Platform, Aims to Disrupt Traditional Finance](https://news.shib.io/2024/08/23/trump-announces-launch-of-the-defiant-ones-crypto-platform-aims-to-disrupt-traditional-finance/): Donald Trump, the former President of the United States and the current Republican Presidential candidate, announced the upcoming launch of his family’s cryptocurrency platform “The Defiant Ones” on Thursday.  Trump leveraged his social media platform, Truth Social, to make the announcement and to express his stance against traditional financial systems, followed by a mention of his official Telegram channel, “Official Trump DeFi Channel.”  Trump pointed out that Americans have been under the thumb of banks and financial aristocracy for too long and it is time for collective action.    This move follows Trump’s reputation as the first major nominee to - [Russia Unveils Plans for Crypto Exchanges to Boost Foreign Trade, Eyes Stablecoin](https://news.shib.io/2024/08/23/russia-unveils-plans-for-crypto-exchanges-to-boost-foreign-trade-eyes-stablecoin/): Russia is set to shake up the global cryptocurrency landscape with ambitious plans to launch domestic crypto exchanges aimed at boosting foreign trade and introducing a stablecoin. Russia is moving forward with plans to launch at least two cryptocurrency exchanges, one specifically designed to facilitate foreign economic activity (FEA) and trade, with the other being established in Moscow, a new report from Kommersant, a major Russian business-focused newspaper and media outlet, revealed.  The initiative, which is expected to operate within an experimental legal regime, reflects Russia’s ongoing efforts to navigate international sanctions and find new avenues for global trade. The - [Australian Court Rules Against Kraken’s Local Operator Over Regulatory Breach](https://news.shib.io/2024/08/23/australian-court-rules-against-krakens-local-operator-over-regulatory-breach/): Australia’s Federal Court has ruled against Bit Trade Pty Ltd, the local operator of the Kraken cryptocurrency exchange, for violating regulatory requirements concerning its margin trading product.The Australian Securities and Investments Commission (ASIC) brought the case, arguing that Bit Trade failed to comply with section 994B of the Corporations Act, which mandates a “target market determination” for financial products before offering them to consumers. The court found that Bit Trade’s “margin extension” product, available to Kraken users since October 2021, was offered without the necessary target market determination. Justice Nicholas J determined that “By issuing the Product to retail clients - [Exclusive: Corrupt Fun Launches Revolutionary Bot, a Game-Changer for Shibarium](https://news.shib.io/2024/08/23/exclusive-corrupt-fun-launches-revolutionary-bot-a-game-changer-for-shibarium/): The Shibarium ecosystem is bustling with new projects, and  Corrupt Fun (CFUN), a crypto project, is stepping in to provide a vital tool for their success: a free, all-in-one tipping, burning, and gaming bot.  In a recent interview, Metatron, a key figure behind Corrupt Fun, shed light on the bot’s capabilities and its mission to empower Shibarium’s burgeoning community. “We saw a need in the market,” Metatron explained, “a need for projects to engage their communities in meaningful ways. We wanted to offer a tool that helps projects flourish, not just on Shibarium, but on all EVM and Solana-based networks.”  - [CZ Not Yet Free, Transferred to Reentry Facility Ahead of September Release](https://news.shib.io/2024/08/23/cz-not-yet-free-transferred-to-reentry-facility-ahead-of-september-release/): The countdown to Changpeng Zhao’s release from prison has taken an unexpected turn. The crypto mogul has been moved to a reentry facility, raising questions about the timing of his return to the outside world. Former Binance CEO CZ, who is currently serving a four-month prison sentence for failing to maintain an effective Anti-Money Laundering program, has been transferred to a reentry facility in Long Beach, California.  While his official release date is scheduled for September 29, the move suggested that authorities are preparing him for a transition back into society.  While social media buzzed with claims that Binance founder - [DOJ Indicts Fiancée of Ex-FTX Executive on Campaign Finance Crimes](https://news.shib.io/2024/08/23/doj-indicts-fiance-of-ex-ftx-executive-on-campaign-finance-crimes/): Michelle Bond, the fiancée of convicted former FTX executive Ryan Salame, was indicted on federal charges in New York, accused of illegally funneling funds from the now-bankrupt cryptocurrency exchange into her 2022 congressional campaign.  The indictment, unsealed on Thursday, painted a picture of a scheme where Bond allegedly received $400,000 from an unidentified, foreign-based exchange arranged by her “romantic partner” – a clear reference to Salame.  This payment, prosecutors claim, was disguised as consulting fees, but immediately funneled into Bond’s campaign spending. Subsequent payments from Salame allegedly followed, further fueling her campaign coffers.  Bond is also accused of deceiving the - [Crypto Dominates Corporate Election Spending in 2024](https://news.shib.io/2024/08/22/crypto-dominates-corporate-election-spending-in-2024/): Crypto companies have contributed nearly 48% of the $248 million in corporate money to influence federal elections this year, according to a recent report. This spending is a new industry approach, leveraging political donations to shape the regulatory environment. The report also says that Fairshake, the crypto industry’s leading political action committee (PAC), has raised $202 million, with nearly $114 million sourced from corporate sponsors. Significant contributions have come from Coinbase and Ripple, two companies actively involved in regulatory battles. Fairshake’s fundraising success is attributed to its ability to attract substantial business dollars, alongside individual contributions from wealthy backers. The - [Binance to Hire 1,000 New Employees Focused on Compliance](https://news.shib.io/2024/08/22/binance-to-hire-1000-new-employees-focused-on-compliance/): Binance plans to add 1,000 employees in 2024, prioritizing compliance roles as the company faces increasing regulatory challenges. Richard Teng, Binance’s CEO, announced this during a visit to the U.S. on Wednesday, where he engaged with regulatory monitors and officials. Teng, who has a background in financial regulation, emphasized the need to strengthen compliance. “We’re very early in the journey,” Teng said, revealing that compliance expenditures have exceeded $200 million this year and continue to rise. According to Teng, Binance’s compliance team is expected to grow to 700 employees by the end of 2024, up from the current 500. Richard - [Shibarium Growth Spikes: New Transfers, Transactions, and Accounts Surge](https://news.shib.io/2024/08/22/shibarium-growth-spikes-new-transfers-transactions-and-accounts-surge/): Shibarium, the layer-2 scaling solution for the Shiba Inu ecosystem, is on a tear, experiencing explosive growth across key metrics just one year after its launch. Shibarium has witnessed a meteoric rise in its first year. Key metrics, including new transfers, transactions, and account creation, have surged dramatically, indicating a growing interest and adoption of the platform. A Breakdown of Growth This Week: BONE Transfers: New BONE transfers have increased by a staggering 1865.91%, from 88 to 1,730. This signifies a significant rise in activity within the Shibarium network. Transactions: The number of new transactions has skyrocketed by 1551.96%, from - [Shiba Inu Roars: Bullish Momentum Ignites, $100 Billion Market Cap In Sight?](https://news.shib.io/2024/08/22/shiba-inu-roars-bullish-momentum-ignites-100-billion-market-cap-in-sight/): Shiba Inu (SHIB) is making a comeback, with a recent surge in price fueling bullish predictions and igniting discussions about its future potential. The memecoin, currently trading at $0.00001405, has experienced a notable upswing, breaking through resistance levels and setting its sights on new highs. “SHIB is ready for a new and fresh start! I want to see this at $100B in 2024!” declared Crypto Sheriff, a prominent figure in the crypto community, on X. the post comes with a screenshot of a Shiba Inu chart., It shows that SHIB priced at $0.00001380 against USDT, reflecting a modest 0.73% increase - [The Grimace Rug Pull: A $700,000 Heist on McDonald's Instagram](https://news.shib.io/2024/08/22/the-grimace-rug-pull-a-700000-heist-on-mcdonalds-instagram/): In a brazen cyber heist, malicious actors took control of McDonald’s Instagram account to promote a bogus memecoin, netting a cool $700,000 in the process. The short-lived scam, dubbed “GRIMACE,” capitalized on the fast-food chain’s iconic purple character and the ongoing memecoin frenzy on the Solana blockchain. The attack unfolded swiftly. Hackers, calling themselves “India_X_Kr3w,” deployed GRIMACE using Pump.fun, a platform notorious for its memecoin creation tools. GRIMACE rocketed from obscurity to a $25 million market cap within a mere two hours after launch, fueled by posts on the compromised McDonald’s account. Investors, duped into believing the token was an - [Kamala Harris Advisor Suggests Crypto Regulations Could Be Less Strict, What VP Advisors Mean for Crypto](https://news.shib.io/2024/08/22/kamala-harris-advisor-suggests-crypto-regulations-could-be-less-strict-what-vp-advisors-mean-for-crypto/): In a potential game-changer for the digital asset landscape, a senior advisor to Vice President Kamala Harris has signaled that her administration may adopt a more supportive approach to cryptocurrency regulation. As the crypto community eyes the evolving political scene, Harris’ choice of advisors offers critical insights into how her administration might navigate the delicate balance between fostering innovation and ensuring robust oversight. “She’s going to support policies that ensure that emerging technologies and that sort of industry can continue to grow,” said Brian Nelson, senior advisor for policy for the Harris campaign, during a recent Bloomberg roundtable at the - [Unlocking the Potential of NFTs: An Exclusive Interview with Shib Games Operations Manager](https://news.shib.io/2024/08/21/unlocking-the-potential-of-nfts-an-exclusive-interview-with-shib-games-operations-manager/): In the realm of gaming, where players have long felt like mere pawns in a digital world, Non-Fungible Tokens (NFTs) emerge as a beacon of hope. Sagar, the operations manager at Shib Games, offers a visionary perspective on how NFTs can revolutionize the gaming landscape. By delving into the mechanics of NFT integration, economic sustainability, and player empowerment, Sagar paints a picture of a future where players are no longer passive participants but active stakeholders. NFTs have the potential to grant players true ownership of their digital assets, fostering a decentralized and player-driven economy that empowers players to shape the - [NFTs in Empowering Players: An Exclusive Interview with a Shib Games Game Designer](https://news.shib.io/2024/08/21/nfts-in-empowering-players-an-exclusive-interview-with-a-shib-games-game-designer/): Non-Fungible Tokens (NFTs) have emerged as a revolutionary force. Initially perceived as mere digital collectibles, NFTs are rapidly transforming into integral components of the gaming experience. Max, a game designer at Shib Games, provides invaluable insights into the potential of NFTs to enhance gameplay, foster player engagement, and create sustainable in-game economies. By delving into the intricacies of NFT integration, Max sheds light on the challenges and opportunities that lie ahead. From creating functional in-game elements to ensuring interoperability across platforms, NFTs offer a vast potential for innovation. As we explore the economic models, player ownership, and governance structures surrounding - [Shibarium @ 1](https://news.shib.io/2024/08/21/shibarium-1/): Read the latest edition of The Shib magazine here. - [Tether Announces New Stablecoin Pegged to UAE Dirham](https://news.shib.io/2024/08/21/tether-announces-new-stablecoin-pegged-to-uae-dirham/): Tether has launched a new stablecoin pegged to the United Arab Emirates Dirham (AED). The move is part of a strategic partnership with UAE-based Phoenix Group and Green Acorn Investments.  Tether said in a statement Wednesday that the stablecoin will be “fully backed by liquid UAE-based reserves” and will adhere to its “transparent and robust reserve standards.” The stablecoin aims to provide a digital representation of the UAE dirham. Tether’s CEO, Paolo Ardoino, highlighted the importance of the new stablecoin, stating, “The UAE is becoming a significant global economic hub.”  He added that the Dirham-pegged stablecoin would be a “valuable - [Mt. Gox Moves Over $700M in Bitcoin Amid Speculation Over Creditor Distribution](https://news.shib.io/2024/08/21/mt-gox-moves-over-700m-in-bitcoin-amid-speculation-over-creditor-distribution/): Defunct crypto exchange Mt. Gox has transferred 13,265 Bitcoin (BTC) valued at approximately $784 million. This marks the exchange’s first major on-chain activity since late July. Blockchain analytics firm Arkham Intelligence reported that 12,000 BTC, worth $709 million, were sent to a new, empty wallet beginning with “1PuQB,” while the remaining 1,265 BTC, valued at $75 million, were sent to a wallet identified as Mt. Gox’s cold storage. The large transfer has fueled speculation regarding potential Bitcoin distribution to creditors. However, Alex Thorn, head of research at Galaxy Digital, argues that only a small portion of the moved funds—around $74.5 - [Shiba Eternity Goes Web3: Early Access is Here!](https://news.shib.io/2024/08/21/shiba-eternity-goes-web3-early-access-is-here/): So, Shiba Eternity has finally gone all Web3 on us, eh? And guess who gets the golden ticket? That’s right, you lucky LEASH stakers. We’re told this is just the start of a beautiful Web3 journey for the game, with promises of Shibarium integration and all sorts of shiny new features. “We’re ecstatic that our closed beta is now out for the world to play with; it’s a significant milestone for the team. Core gameplay stays true to the fun, competitive, and collectible card game that has resonated with our players,” Shib Games lead Angel exclusively told The Shib Daily. - [Brazil Approves Another Solana ETF—Will the US Follow?](https://news.shib.io/2024/08/21/brazil-approves-another-solana-etf-will-the-us-follow/): The Brazilian Securities and Exchange Commission (CVM) has approved a second Solana (SOL) exchange-traded fund (ETF), according to its central database. Despite the altcoin becoming popular in Brazil, its journey towards getting an ETF approved in the United States is still uncertain. As per the central database, this new ETF, still in a pre-operational phase, is offered by Hashdex, a Brazil-based asset manager with $962 million in assets under management, in partnership with the local investment bank BTG Pactual. Hashdex has previously introduced multiple crypto-based ETFs on the B3 Brazilian stock exchange, including the Nasdaq Crypto Index and ETFs tied to - [Shiba Inu Leaders to Relinquish Control, Aim for Full Community Governance by End of 2024](https://news.shib.io/2024/08/21/shiba-inu-leaders-to-relinquish-control-aim-for-full-community-governance-by-end-of-2024/): In a surprising move towards radical decentralization, the pseudonymous leaders behind Shiba Inu, Shytoshi Kusama and Kaal Dhairya, have announced their intention to hand over control of the project to the community by the end of 2024. The announcement came during a rare interview where both developers appeared masked and with modulated voices, further solidifying their commitment to anonymity. Kusama emphasized that the strength of Shiba Inu lies not in individual figureheads, but in its vibrant community.  “There’s no need for my face to become a public figure,” Kusama stated. “Let the mask remain famous. The power of SHIB is - [Experts Debunk Viral Claim of Kamala Harris Endorsing Biden's Capital Gains Tax](https://news.shib.io/2024/08/21/experts-debunk-viral-claim-of-kamala-harris-endorsing-bidens-capital-gains-tax/): A wave of social media posts claiming Vice President Kamala Harris endorsed President Biden’s controversial capital gains tax proposal has been swiftly debunked by experts, revealing a pattern of misinformation and “engagement farming” within the crypto community. The controversy erupted following a report from The Wall Street Journal (WSJ) highlighting Harris’s endorsement of raising the corporate tax rate, a separate tax, from 21% to 28%. This proposal aligns with President Biden’s economic agenda and aims to fund various policy initiatives, including an expansion of the child tax credit.  James Singer, a spokesperson for Harris’s campaign, had described the suggested increase - [Shiba Inu’s Shytoshi Kusama Unveils Motivation Behind 'Self-Sovereign Identity and Karma & Reputation Tools'](https://news.shib.io/2024/08/21/shiba-inus-shytoshi-kusama-unveils-motivation-behind-self-sovereign-identity-and-karma-reputation-tools/): Shiba Inu’s lead developer, Shytoshi Kusama, has revealed the rationale behind the development of tools like Self-Sovereign Identity and Karma & Reputation within the Shib tech stack. In a recent X post, Shiba Inu lead developer Kusama brought attention to the ever-present threat of scams and rug pulls within the cryptocurrency space. Rather than a direct explanation, Kusama opted for a powerful demonstration, retweeting a video interview featuring a self-proclaimed rug puller detailing their tactics The video, created by YouTuber @NFTNate_, delves into the methods used by an anonymous individual (@0x__Phantom) to execute rug pulls on the PumpFun platform, often - [Shiba Inu's Shytoshi Kusama: BONE is Indispensable for Future Growth](https://news.shib.io/2024/08/21/shiba-inus-shytoshi-kusama-bone-is-indispensable-for-future-growth/): Shiba Inu’s lead developer, Shytoshi Kusama, has reaffirmed the critical role of the governance token, BONE, in the project’s future. In response to a query on X, Kusama emphasized that BONE is deeply integrated into Shiba Inu’s governance and technology, making it a vital component for the project’s success. “Bone is completely integrated into our governance and technology,” Kusama declared in his X post. “It’s not a question of it becoming known, it is vital to our future!” His statement underscored the significance of BONE as a cornerstone of the Shiba Inu ecosystem. ShibaSwap Bone (BONE) serves as the governance - [Binance Says It Stopped $2.4B in Fraudulent Transactions During Jan-July Period](https://news.shib.io/2024/08/20/binance-says-it-stopped-2-4b-in-fraudulent-transactions-during-jan-july-period/): Binance said it has prevented over $2.4 billion in potential losses from scams and fraudulent activities between January and July of this year. In a statement Tuesday, the company revealed that its managed to protect more than 1.2 million users through its risk management strategies, which rely on a combination of artificial intelligence and manual review. Binance said that its internal risk engine monitors transactions across Binance’s platform, covering peer-to-peer trading, payments, and crypto withdrawals. The system identified crypto withdrawals as the stage where suspicious transactions were most often detected, with $1.1 billion, or 45% of the total prevented losses, - [Circle’s Euro Stablecoin EURC Surpasses €50M Market Cap](https://news.shib.io/2024/08/20/circles-euro-stablecoin-eurc-surpasses-e50m-market-cap/): Circle’s euro-pegged stablecoin, EURC, has surpassed a market capitalization of €50 million (US$55.5 million). Patrick Hansen, Circle’s Senior Director of EU Strategy & Policy, revealed that the stablecoin has experienced a 36% increase in issuance due to its recent launch on Base, an Ethereum Layer-2 solution incubated by Coinbase, and an uptick in activity on the Ethereum network. EURC is currently listed on platforms such as Coinbase, Bitpanda, Bitstamp, and Bitvavo. Hansen clarified that EURC remains the biggest euro-denominated stablecoin in circulation, especially after its AEUR equivalent, originating from Switzerland, stopped issuing and redeeming due to its association with Flowbank, - [Binance Dominates Among Chinese-Speaking Crypto Users, Survey Shows](https://news.shib.io/2024/08/20/binance-dominates-among-chinese-speaking-crypto-users-survey-shows/): Binance is the most popular cryptocurrency exchange among Chinese-speaking users, a survey has found. The exchange holds more than 60% of the market share in several key categories, including users with the largest crypto holdings, the highest earners, and those most active in new cryptocurrency listings, a survey by Hong Kong publication TechFlow has found. Additionally, 96% of respondents identified Binance as their most frequently used platform. The survey was conducted between May and June this year.   The survey participants were Chinese-speaking users, but it did not clarify whether they resided within mainland China. The survey is notable given - [Crypto Ownership Among Young Voters Could Influence 2024 US Election: Report](https://news.shib.io/2024/08/20/crypto-ownership-among-young-voters-could-influence-2024-us-election-report/): Cryptocurrency ownership is increasing among young Democratic and Republican voters in swing states, making it a key factor that could determine who will win the high-stakes U.S. presidential election between former President Donald Trump and current Vice President Kamal Harris. Forty-one percent of voters under 35 who own cryptocurrency in battleground states identify as Democrats, while 39% identify as Republicans, a study conducted in July by Impact Research has found. The study indicates a growing interest in digital assets that cuts across party lines, a fact that cannot be ignored by either party as Trump and Harris are polling neck - [Shiba Inu Army Marches On: Over 1.4 Million Holders Strong](https://news.shib.io/2024/08/20/shiba-inu-army-marches-on-over-1-4-million-holders-strong/): With a growing army of over 1.4 million holders, Shiba Inu defies market odds and strengthens its position as a crypto contender. The community’s resilience is put to the test as the meme coin navigates a complex landscape, including the unexpected involvement of the U.S. government. The Shiba Inu (SHIB) community continues to demonstrate remarkable resilience as the number of SHIB holders climbs past 1.4 million, according to data from Ethereum blockchain explorer Etherscan. This milestone signifies growing confidence in the meme coin’s long-term potential, even amidst ongoing market volatility and the intriguing revelation that the U.S. government holds a - [SEC Questions Solana's Regulatory Status Ahead of SOL ETF 194-B Vanishing: Report](https://news.shib.io/2024/08/20/sec-questions-solanas-regulatory-status-ahead-of-sol-etf-194-b-vanishing-report/): The path to a Solana ETF just got rockier.  The U.S. Securities and Exchange Commission (SEC) has reportedly expressed concerns over Solana’s potential classification as a security, ahead of the vanishing of the 19b-4 filings for prospective Solana ETFs from the Cboe. According to a recent report which quoted “sources familiar with the matter,” as its source of information, the SEC held discussions with potential Solana ETF issuers, including VanEck and 21Shares, regarding its concerns about Solana’s regulatory status. Following these discussions, both the SEC and Cboe reportedly mutually agreed to withdraw the 19b-4 filings from the Cboe BZX and - [Beware: Malicious Actors Masquerade as K9 Finance DAO to Defraud Investors](https://news.shib.io/2024/08/20/beware-malicious-actors-masquerade-as-k9-finance-dao-to-defraud-investors/): Crypto investors are on high alert as malicious actors impersonate legitimate projects to steal funds. In the latest incident, scammers have masqueraded as K9 Finance DAO, a prominent figure in the Shiba Inu ecosystem, to defraud unsuspecting community members. The rapidly expanding Shiba Inu community finds itself in the crosshairs found itself in the crosshairs of malicious actors, as reports emerged of scammers impersonating the K9 Finance DAO in an attempt to drain users’ crypto assets.  Shibarmy Scam Alerts, a community watchdog group, “dedicated to exposing scams and protecting” users, issued a warning on Monday via X (formerly Twitter) alerting - [Shiba Inu 'Heavy Bullishness' Imminent, Poised to Climb Over 498%, Says Crypto Trader](https://news.shib.io/2024/08/20/shiba-inu-heavy-bullishness-imminent-poised-to-climb-over-498-says-crypto-trader/): Shiba Inu (SHIB) is poised for a dramatic price surge, according to a bullish prediction from a prominent crypto trader. The meme coin is on the cusp of a massive rally, with the potential to climb over 498%, igniting excitement among investors. The price of Shiba Inu is showing signs of a major bullish breakout, according to crypto trader Javon Marks (@JavonTM1 on X). In a recent X (formerly Twitter) post, The crypto trader highlighted that SHIB is approaching the critical juncture of a “massive Falling Wedge pattern” on the daily chart.  “$SHIB’s ≈6X: Prices of Shiba are currently nearing - [Gensler to Treasury? Custodia Bank Founder Cries Foul, Hints at Chairman's Political Gamesmanship](https://news.shib.io/2024/08/19/gensler-to-treasury-custodia-bank-founder-cries-foul-hints-at-chairmans-political-gamesmanship/): A potential power play or a phantom menace? Rumors swirling around SEC Chair Gary Gensler potentially taking the reins of the Treasury Department under a hypothetical Harris administration have been forcefully dispelled by Custodia Bank founder Caitlin Long, who, citing insider information, suggests the source of the speculation might be Gensler himself, engaging in a bit of strategic mischief-making.  The crypto sphere was abuzz with speculation on Monday over rumors that Securities and Exchange Commission Chairman might be tapped for the Treasury Secretary position under a potential Harris administration. This fueled anxiety within the industry, given Gensler’s often-adversarial approach to - [Bitwise Expands into Europe with Acquisition of London-Based ETC Group](https://news.shib.io/2024/08/19/bitwise-expands-into-europe-with-acquisition-of-london-based-etc-group/): Bitwise Asset Management has announced its acquisition of the London-based ETC Group, expanding its footprint into the European market. The deal incorporates ETC Group’s nine exchange-traded products (ETPs) into Bitwise’s portfolio. With the acquisition, Bitwise’s total assets under management (AUM) have now surpassed $4.5 billion, including ETC Group’s $1 billion in assets, according to an announcement on the company’s website today. ETC Group is known for its physically-backed crypto ETPs listed across Europe, including products like the physical Bitcoin ETP (BTCE) and a staked Ethereum ETP (ET32). These products have gained significant traction in the European market and will soon - [Rise in 'Pig Butchering' Crypto Scams Drains Americans' Savings](https://news.shib.io/2024/08/19/rise-in-pig-butchering-crypto-scams-drains-americans-savings/): The United States has seen a significant rise in cryptocurrency scams, particularly through a scheme known as “pig butchering.” In these scams, fraudsters engage in lengthy communication with victims, often pretending to form a genuine relationship before convincing them to invest in fake cryptocurrency platforms. The FBI’s 2023 Internet Crime Report indicates that investment scams have surged by 38%, with losses reaching $4.57 billion. Of this total, $3.96 billion is attributed to fraudulent crypto schemes. These scams are characterized by the gradual building of trust through continuous flattery and false promises. The scam’s name comes from the tactic of “fattening - [Bitcoin ETFs See Strong Weekly Inflows as Ethereum ETFs Face Outflows](https://news.shib.io/2024/08/19/bitcoin-etfs-see-strong-weekly-inflows-as-ethereum-etfs-face-outflows/): The global ETF market saw notable fluctuations last week as Bitcoin exchange-traded funds (ETFs) registered a net inflow of $32.58 million, showing a renewed interest among investors. Fidelity’s FBTC ETF led with an inflow of $82.11 million, while BlackRock’s IBIT ETF followed closely with $71.07 million. On the other hand, Grayscale’s GBTC ETF experienced a significant outflow of $195 million, according to SoSoValue data. This comes after Bitcoin investment funds faced two weeks of substantial outflows, losing $169 million and $80 million, respectively. The inflows contributed to a marginal increase in Bitcoin’s price, which had seen a decline of 9% - [Vitalik Buterin Registers Ethereum Domain Focused on Defensive Accelerationism](https://news.shib.io/2024/08/19/vitalik-buterin-registers-ethereum-domain-focused-on-defensive-accelerationism/): Ethereum co-founder Vitalik Buterin recently acquired a new Ethereum Name Service (ENS) domain, “dacc.eth,” for 0.187 ETH, valued at just under $500.  This purchase occurred ahead of a scheduled discussion on Aug. 22 regarding the concept of “defensive accelerationism” (d/acc) in an X Spaces event. Buterin will discuss the idea with Prime Intellect founder Vincent Weisser and Skylar Weaver, who leads Devcon at the Ethereum Foundation. The concept of defensive accelerationism was initially introduced by Buterin in a November 2022 blog post titled “My Techno-Optimism.” The philosophy focuses on promoting technological development with caution, advocating for human-AI collaboration and decentralization. - [Shytoshi Kusama Brings Ryoshi's Dream to Life with Shiba Inu Masterplan](https://news.shib.io/2024/08/19/shytoshi-kusama-brings-ryoshis-dream-to-life-with-shiba-inu-masterplan/): The Shiba Inu community, a digital pack known for its fervent loyalty, faced a defining moment in May 2021 when Ryoshi, the enigmatic creator of the crypto project, vanished without a trace. Social media feeds once ablaze with cryptic messages fell silent as their architect disappeared into the digital ether. Yet, far from crumbling, the community rallied, their unwavering support for the project proving stronger than ever. Stepping into the breach was Shytoshi Kusama, another enigmatic figure within the Shiba Inu ecosystem. With a steady hand, Kusama assumed stewardship, honoring Ryoshi’s vision while charting a course for the future. Draped - [China to Unban Crypto? Rumors Swirl Amid Speculation and Skepticism](https://news.shib.io/2024/08/19/china-to-unban-crypto-rumors-swirl-amid-speculation-and-skepticism/): The crypto world is abuzz with speculation that China, a country known for its stringent stance on digital assets, might be preparing to lift its long-standing ban on Bitcoin and other cryptocurrencies. The rumors, fueled by whispers of a potential shift in policy and the influence of pro-crypto stances in the upcoming U.S. elections, have sent a ripple of excitement through the market. Various sources and crypto enthusiasts have pointed to behind-the-scenes discussions and potential policy changes as evidence of this potential seismic shift. The implications are enormous. China, with its vast population and technological prowess, could unleash a wave of new - [Shytoshi Kusama Outlines Shiba Inu's Ambitious Plan: A New 'Operating System for the World'](https://news.shib.io/2024/08/19/shytoshi-kusama-outlines-shiba-inus-ambitious-plan-a-new-operating-system-for-the-world/): Shytoshi Kusama, the enigmatic figurehead of the Shiba Inu ecosystem, has unveiled an audacious blueprint for the project’s future: a new decentralized operating system. Breaking free from the confines of the cryptocurrency world, Shiba Inu is aiming to build a comprehensive digital infrastructure that could redefine how we interact with technology. Speaking at this year’s Blockchain Futurist Conference, Kusama laid out his ambitious vision, emphasizing the need for a fundamental shift in how we approach technology. “If there’s anything we learned… it’s that we need a new worldwide decentralized system,” Kusama declared, highlighting the limitations and vulnerabilities of existing centralized - [Florida Woman Claims Google Negligence Led to $5M Crypto Loss](https://news.shib.io/2024/08/19/florida-woman-claims-google-negligence-led-to-5m-crypto-loss/): A Florida woman is taking on tech giant Google, alleging that the company’s negligence enabled the theft of $5 million worth of her cryptocurrency.   The lawsuit, filed in a California state court, centered around a malicious app downloaded from the Google Play Store, raising serious questions about the security of app marketplaces and the growing threat of crypto-related scams. Maria Vaca, the plaintiff, claimed she downloaded the Yobit Pro app believing it to be a legitimate cryptocurrency wallet, trusting in Google’s reputation for providing a safe and secure platform. However, the app allegedly turned malicious, granting cybercriminals access to her mnemonic - [Shytoshi Kusama Sheds More Light on ShibHub, 'The Heart of Shiba Inu Ecosystem'](https://news.shib.io/2024/08/19/shytoshi-kusama-sheds-more-light-on-shibhub-the-heart-of-shiba-inu-ecosystem/): A year ago, the Shiba Inu community caught a glimpse of the future when Shytoshi Kusama first mentioned ShibHub at the Blockchain Futurist Conference. Now, the veil has lifted as the visionary of the crypto project has unveiled the ambitious project in greater detail, positioning it as the “heart of the Shiba Inu ecosystem.” Based on the presentation at this year’s Conference, ShibHub, beyond being a platform, is an ambitious stride towards a self-sustaining digital nation within the Shiba Inu ecosystem. This “super app” aims to empower users by fusing earning, learning, connecting, and creating within a decentralized environment built - [The Weekly Meme Digest](https://news.shib.io/2024/08/17/the-weekly-meme-digest-12/): Welcome to this week’s edition of the Weekly Meme Digest, where we laugh to keep from crying about the state of the crypto world! This week, the meme lords are sharpening their knives because the TradFi (Traditional Finance) giants are muscling into our beloved decentralized playground. Yep, the same folks who once laughed at Bitcoin are now buying up crypto ETFs like they’re on clearance at Walmart. Should we be flattered or just plain scared? 🤔 But wait, there’s more! Vitalik Buterin is out here unmasking the “Dark DAOs” (cue the dramatic music 🎻), while Dubai is saying, “Paychecks in - [Not a Word About Crypto: Trump and Musk's Conversation Leaves Bettors in the Dust](https://news.shib.io/2024/08/17/not-a-word-about-crypto-trump-and-musks-conversation-leaves-bettors-in-the-dust/): Did you catch the lengthy chat between Donald Trump and Elon Musk on X? 🗣️🎙️ It was a two-hour interview that covered a smorgasbord of topics, from illegal immigration to AI and even global warming. Everything was on the table. Well, not everything really. 😬 They completely skipped over crypto! 😭😰 We heard the crypto bros were not very happy about this. 🤧 Not surprising! Imagine hosting a party and forgetting to invite the life of the party! 😅 And it’s unlike Musk to not be aware that bettors were relying heavily on Trump talking about crypto, with over $800,000 - [Dubai Goes Full Crypto: Paychecks in Tokens? Say No More!](https://news.shib.io/2024/08/17/dubai-goes-full-crypto-paychecks-in-tokens-say-no-more/): Dubai, the land where skyscrapers touch the clouds and everything shines just a bit brighter, has just taken its love for all things flashy to a whole new level. The Dubai Court of First Instance just ruled that you can now get paid in cryptocurrency. Yes, you heard that right—your next paycheck might come in the form of EcoWatt tokens. This move is as flashy as a Lambo at a crypto conference, but let’s dig into whether this is the future of finance or just another wild ride in the world of digital currency. 🥶🎢 The Case That Shook the - [Trump's Crypto Revolution? Howard Lutnick Takes the Helm—Strap In, Crypto World!](https://news.shib.io/2024/08/17/trumps-crypto-revolution-howard-lutnick-takes-the-helm-strap-in-crypto-world/): In a plot twist that could only be scripted by the wildest minds in the blockchain universe, Donald Trump, the former U.S. president and perennial headline-maker, has reportedly tapped Howard Lutnick, CEO of Cantor Fitzgerald, to co-chair his transition team if he reclaims the White House. And let’s just say, the crypto world is buzzing harder than a Bitcoin miner at full throttle. 🧨🔋 What’s the Big Deal? 🎯 For those wondering why this matters (and why your favorite crypto influencer is tweeting non-stop about it), here’s the scoop: Lutnick isn’t just any Wall Street bigwig. He’s the guy whose - [Vitalik Buterin Unmasks the Dark Side of DAOs](https://news.shib.io/2024/08/17/vitalik-buterin-unmasks-the-dark-side-of-daos/): Vitalik Buterin, the crypto Gandalf who birthed Ethereum from the digital ether, is back at it again. This time, he’s not conjuring up new tokens or smart contracts; he’s conjuring up a nightmare scenario for DAOs. 😱 Apparently, DAOs – those democratic, decentralized collectives of crypto enthusiasts – are susceptible to a new breed of evil: bribery. Yes, you heard it right. Your favorite DAO could be as corrupt as a politician on election day. 🤑 Buterin and his merry band of researchers at Cornell University have uncovered a sinister plot: “dark DAOs.” These shadowy entities could potentially manipulate voting - [Major Banks Taking Over Crypto? Should Degens be Worried?](https://news.shib.io/2024/08/17/major-banks-taking-over-crypto-should-degens-be-worried/): Well, well, well, look who’s sliding into the DMs of the crypto world—none other than the big boys of Wall Street! It seems the traditional finance (TradFi) titans are trading in their suits for hoodies, diving headfirst into the world of Bitcoin exchange-traded funds (ETFs). The question on everyone’s lips is: should the crypto degens be worried, or is this just another bullish signal for the market? Let’s dig in, shall we? 🚀📈 Goldman Sachs, Capula Management, and Avenir Tech – names you’d usually associate with boring financial stuff – have become the biggest Bitcoin ETF buyers. It’s like your - [Is SOL ETF Dead on Arrival? Legal Expert Weighs in as VanEck, 21Shares Solana ETF Forms Vanish](https://news.shib.io/2024/08/17/is-sol-etf-dead-on-arrival-legal-expert-weighs-in-as-vaneck-21shares-solana-etf-forms-vanish/): The Sol ETF dream may be over before it begins. VanEck and 21Shares’ 19b-4 filings for their respective Solana ETFs have mysteriously vanished from the CBOE website. A finance lawyer suggested the abrupt removal signals the Securities and Exchange Commission’s (SEC) stance on Solana ETFs: dead on arrival. These forms, crucial for any exchange seeking to list a new product, were filed on July 8. Typically, when an exchange files a 19b-4, the SEC issues a Notice of Filing, initiating a formal review process. However, in this case, no such notice was released. This unusual circumstance has prompted speculation within - [ShibTorch Ignites: Community-Driven SHIB Burning Now Live on Shibarium](https://news.shib.io/2024/08/16/shibtorch-ignites-community-driven-shib-burning-now-live-on-shibarium/): The flames of change are rising for the Shiba Inu ecosystem. ShibTorch, the highly anticipated community-driven burn portal, is now live on the Shibarium Layer-2 network.  The interactive dashboard of ShibTorch grants the Shiba Inu community the power to not only track but actively participate in the burning of SHIB tokens. Every transaction on Shibarium contributes fuel to this fiery initiative.  Base fees from Layer 2 transactions are locked into a dedicated burn contract on Shibarium, while priority fees reward network validators.  As BONE, the governance token of the Shibaswap and the gas fee token of Shibarium, accumulates within the - [IMF Proposes Higher Energy Taxes for Crypto Mining and AI Data Centers](https://news.shib.io/2024/08/16/imf-proposes-higher-energy-taxes-for-crypto-mining-and-ai-data-centers/): The International Monetary Fund (IMF) has recommended energy tax increases targeting the crypto mining and artificial intelligence data center sectors, pointing out that they guzzle power and have a negative impact on the environment. In a Thursday report, the fund said these industries collectively consumed 2% of global electricity in 2022, which could rise to 3.5% within three years based on projections from the International Energy Agency (IEA). The report revealed that one Bitcoin transaction consumes as much electricity as an average person in Ghana or Pakistan would use in three years. Additionally, AI data centers are reported to require - [Dubai Court Approves Cryptocurrency Wages in Landmark Ruling](https://news.shib.io/2024/08/16/dubai-court-approves-cryptocurrency-wages-in-landmark-ruling/): In a groundbreaking order that paves the way for employees to be paid in cryptocurrency, a Dubai court has ruled that an employee who was fired by his employer be paid in EcoWatt tokens.  On Thursday, the Dubai Court of First Instance adopted a progressive stance by addressing an employment dispute which involved EcoWatt tokens. EcoWatt (EWT) is a token associated with the EcoWatt project which promotes sustainable energy solutions.   The ruling not only acknowledged cryptocurrency as a mode of payment but also ordered the payment to be made in EcoWatt tokens instead of fiat.  In its ruling, the court - [Thailand Police Hunt Chinese Suspects in $2M Crypto Home Robbery](https://news.shib.io/2024/08/16/thailand-police-hunt-chinese-suspects-in-2m-crypto-home-robbery/): Police in Pathum Thani are searching for four Chinese nationals who allegedly broke into a luxury house in Muang district and forced a Chinese businessman to transfer $2 million (approximately 70 million baht) in cryptocurrency. According to a local media report, the incident occurred around 2 a.m. on Wednesday at a residence in Ban Mai subdistrict. The victim, identified as 35-year-old Ke Jibao, reported that he and his wife were asleep when the suspects entered their bedroom. The intruders, wearing balaclavas and armed with guns and knives, tied up Mr. Ke, his wife, and a maid. The robbers then demanded - [Bank of Ghana Introduces New Guidelines for Regulating Cryptocurrencies](https://news.shib.io/2024/08/16/bank-of-ghana-introduces-new-guidelines-for-regulating-cryptocurrencies/): The Bank of Ghana (BoG) recently laid down several rules and draft guidelines for regulating cryptocurrencies and digital assets within the country. This follows after an extensive internal review of cryptocurrencies like Bitcoin, Tether, and others.  The BoG has had a rigid stance on cryptocurrencies. It had also prohibited financial institutions from engaging in any kind of crypto transactions.   On Friday, the BoG issued several guidelines on digital assets. “These guidelines are intended to expose the bank’s proposed regulatory measures and solicit feedback from industry and the public. This is in line with the bank’s commitment to continuously evolve - [Marathon Digital Acquires $250M in Bitcoin Following $300M Note Sale](https://news.shib.io/2024/08/16/marathon-digital-acquires-250m-in-bitcoin-following-300m-note-sale/): Marathon Digital Holdings has expanded its Bitcoin reserve by acquiring 4,144 BTC between Aug. 12 and 14. The company purchased these assets at an average price of $59,500 per Bitcoin, totaling approximately $249 million. Following this purchase, Marathon’s Bitcoin holdings have grown to more than 25,000 BTC, solidifying its position among the top corporate Bitcoin holders. This acquisition was funded through a recently completed $300 million private offering of 2.125% convertible senior notes, announced on Aug. 14. The offering saw strong demand from institutional investors, who fully exercised their option to purchase an additional $50 million in notes, increasing the - [South Korea’s National Pension Service Invests in MicroStrategy](https://news.shib.io/2024/08/16/south-koreas-national-pension-service-invests-in-microstrategy/): The National Pension Service (NPS) of South Korea has expanded its exposure to digital asset companies by acquiring 245,000 shares of MicroStrategy during the second quarter of 2024. According to a recent 13F Quarterly filing submitted to the U.S. Securities and Exchange Commission on Aug. 16, the shares were purchased for approximately 46 billion won ($33.7 million), representing 0.04% of NPS’s U.S. stock portfolio. This investment continues NPS’s strategy of integrating crypto-related firms into its portfolio. In the third quarter of 2023, NPS purchased 282,673 shares of Coinbase, which is its first significant move into the digital asset space. The - [Are You Paying Attention? Major Banks Join the Bitcoin Rush Through ETFs](https://news.shib.io/2024/08/15/are-you-paying-attention-major-banks-join-the-bitcoin-rush-through-etfs/): The world of finance is taking notice of Bitcoin, and not just in a casual way. Major institutions, including banking behemoths Goldman Sachs and Morgan Stanley, have made significant investments in Bitcoin exchange-traded funds (ETFs) during the second quarter of 2024, according to regulatory filings released Wednesday. This is a major development for the crypto world, signaling a growing level of institutional confidence in the asset class.  It’s not just a few players dipping their toes;  Goldman Sachs alone purchased an estimated $418 million worth of several Bitcoin ETFs, with a particular preference for BlackRock’s iShares Bitcoin ETF. Morgan Stanley - [Did the US Government Sell Over $593M in Bitcoin?](https://news.shib.io/2024/08/15/did-the-us-government-sell-540m-in-bitcoin/): A bombshell rocked the cryptocurrency market as a recent on-chain transaction unveiled a staggering $593.5 million Bitcoin transfer from a U.S. government wallet to Coinbase. The unexpected move has sparked intense speculation and scrutiny among crypto enthusiasts and industry experts alike. On Wednesday, data from Arkham Intelligence revealed that 10,000 Bitcoin, valued at approximately $593.5 million, were moved from a government wallet labeled “US Government: Silk Road DOJ” to Coinbase Prime. “Wallet bc1ql received 10K BTC from a known US Government wallet 2 weeks ago. This BTC has just been sent on to 33J, a Coinbase Prime deposit wallet,” Arkham - [Binance Back in the Game: Crypto Giant Returns to India](https://news.shib.io/2024/08/15/binance-back-in-the-game-crypto-giant-returns-to-india/): Crypto exchange giant Binance on Thursday announced its official return to India, declaring its registration as a reporting entity with the Financial Intelligence Unit (FIU). This move marks a significant milestone for the platform, which had previously faced regulatory hurdles in the country. “We are pleased to announce that Binance International Limited is officially registered as a reporting entity with the Financial Intelligence Unit – India,” the company said. “This significant milestone underscores our unwavering commitment to upholding the highest standards of compliance, not just in India, but globally.” The registration paves the way for Binance to fully operate in - [First Leveraged MicroStrategy ETF Debuts in the US Market](https://news.shib.io/2024/08/15/first-leveraged-microstrategy-etf-debuts-in-the-us-market/): A new leveraged exchange-traded fund (ETF) targeting MicroStrategy (MSTR) has debuted in the United States, allowing investors to gain 175% of MicroStrategy’s daily returns. Issued by Defiance ETFs, the fund, known as MSTX, offers amplified exposure to Bitcoin through the performance of MicroStrategy’s stock. MicroStrategy is well-known for holding a substantial amount of Bitcoin, making its shares a closely watched proxy for Bitcoin’s price movements. The MSTX ETF is designed for sophisticated investors who seek high-leverage exposure to Bitcoin within an ETF format. MicroStrategy has gained attention as one of the first publicly traded companies to hold Bitcoin on its - [Satoshi's Vision vs Wall Street Reality: The Battle for Bitcoin](https://news.shib.io/2024/08/14/satoshis-vision-vs-wall-street-reality-the-battle-for-bitcoin/): In 2008, a mysterious figure known only as Satoshi Nakamoto quietly laid the groundwork for what would become a financial revolution.  Birth of a Revolution On Oct. 31 that year, Nakamoto unveiled a groundbreaking document: the Bitcoin whitepaper. Titled “Bitcoin: A Peer-to-Peer Electronic Cash System,” this 9-page manifesto detailed a vision for a decentralized digital currency, one that could facilitate transactions between individuals without the need for banks, governments, or any central authority. It was a radical idea, and it set the stage for the birth of Bitcoin. Just over two months later, on Jan. 3, 2009, Nakamoto took the - [Crypto Whale Sells 420B $PEPE Tokens for $3.16M and Makes <1% Profit](https://news.shib.io/2024/08/14/crypto-whale-sells-420b-pepe-tokens-for-3-16m-and-makes-1-profit/): A crypto whale recently sold 420 billion $PEPE tokens. This sale occurred just after the investor had acquired the tokens during a market downturn earlier this month. According to a report by Lookonchain, the whale purchased 420 billion $PEPE tokens on two occasions—Aug. 5 and Aug. 12—spending a total of $3.13 million in $USDT (Tether), a stablecoin tied to the value of the U.S. dollar. A couple of hours ago, the whale sold the entire batch of $PEPE tokens for $3.16 million in $USDC (USD coin), another stablecoin. The transaction resulted in a profit of $30,000, representing a gain of - [Inside the Wild World of Meme Coins: Interview With Expert Anndy Lian](https://news.shib.io/2024/08/14/inside-the-wild-world-of-meme-coins-interview-with-expert-anndy-lian/): The rise of meme coins has been nothing short of meteoric. Fueled by online communities, social media hype, and the allure of quick riches, these digital tokens, often inspired by internet jokes and viral trends, have captured the attention of seasoned investors and curious newcomers alike. But as the market explodes with new entrants, a critical question emerges: Are meme coins a legitimate investment opportunity or a speculative bubble destined to burst? To gain deeper insights into this complex landscape, we spoke with industry expert Anndy Lian. Anndy, a seasoned observer of the crypto market, shared his perspectives on the - [Meme Coin Mania: Decoding the Hype with CIFDAQ Blockchain Founder](https://news.shib.io/2024/08/14/meme-coin-mania-decoding-the-hype-with-cifdaq-blockchain-founder/): Meme coins, a novel asset class birthed from the intersection of internet culture and finance, have captured the global imagination. Rooted in viral memes and social media trends, these digital currencies have defied traditional financial paradigms, exhibiting rapid price fluctuations and immense volatility. While their meteoric rise has attracted a broad investor base, concerns about their underlying value, market manipulation, and long-term sustainability persist. But are these digital assets, fueled by internet humor and celebrity endorsements, more than just a passing fad? We sat down with Himanshu Maradiya, Chairman and Founder of CIFDAQ Blockchain Ecosystem Ind. Ltd. and a leading - [NEIRO: A Sibling Rises](https://news.shib.io/2024/08/14/neiro-a-sibling-rises/): Read the latest edition of The Shib magazine here. - [US Inflation Falls but Fails to Fire Up Crypto Markets](https://news.shib.io/2024/08/14/us-inflation-falls-but-fails-to-enthuse-crypto-markets/): The latest U.S. Consumer Price Index (CPI) data for July, which came in lower than expected, triggered a notable reaction in the cryptocurrency markets. The inflation figures showed a 2.9% year-over-year decrease in July and the crypto market responded with cautious optimism and temporary volatility. Bitcoin and Ethereum saw brief surges following the data release before returning to their pre-announcement levels. The lower than expected data suggests that an interest rate cut could come in September.  The report comes after the producer price index, which assesses inflation at the wholesale level, exceeded expectations on Tuesday. In addition, stock markets, including - [WazirX Works to Restore Trade Balance After July Security Breach](https://news.shib.io/2024/08/14/wazirx-works-to-restore-trade-balance-after-july-security-breach/): Indian crypto exchange WazirX has been working to restore the balance between trades conducted on its platform in the July 18-21 period. This will mean that all the trades during this period on the WazirX platform will be nullified, as it had suspended withdrawals on July 18 following a security breach.  The breach saw hackers steal around $230 million in customer funds from the exchange. Among the stolen assets were around $100 million in SHIB tokens.  “We are nearing the completion of restoring the balances for trades that happened between 18 and 21 July. This will undo all trades carried - [Mt. Gox Wallet Holding $2B in BTC Sparks Speculation with Test Transactions](https://news.shib.io/2024/08/14/mt-gox-wallet-holding-2b-in-btc-sparks-speculation-with-test-transactions/): A crypto wallet that holds $2 billion of Bitcoin from Mt. Gox, a defunct crypto exchange, did a test transaction on Tuesday, according to blockchain analytics firm Arkham Intelligence. Arkham identified the wallet as bc1q26, which is likely Brigo, the fifth and final exchange working with Mt. Gox trustees to distribute funds to Mt. Gox creditors. Arkam Intelligence recently posted on X about this transaction. Mt. Gox was a leading global crypto exchange. But it filed for bankruptcy in 2014 after a massive hack. The defunct exchange announced in June that it would begin repaying its creditors beginning early July, - [Beware: Scammers Draining Wallets Target Shiba Inu Community; How You Can Stay Safe](https://news.shib.io/2024/08/14/scammers-drain-wallets-in-shiba-inu-community-heres-how-you-can-stay-safe/): The Shiba Inu community faces a new wave of scams as fraudsters attempt to drain investors’ wallets and steal their assets. They do this by tricking holders into syncing their wallets to fix a supposed issue. These scams have been reported by multiple users, and alarms have been raised to warn unsuspecting investors of this latest scheme. However, this is nothing more than a tactic to steal assets. Scammers use this ruse to access private keys, ultimately draining the victim’s wallet. This is not the first time fraudsters have targeted the Shiba Inu community. Scammers constantly evolve tactics, from launching - [Italian Football Club Napoli Enters the Metaverse with The Sandbox Partnership](https://news.shib.io/2024/08/14/italian-football-club-napoli-enters-the-metaverse-with-the-sandbox-partnership/): Italian football club SSC Napoli has announced its partnership with The Sandbox, a decentralized gaming platform, to establish its presence in the metaverse. This collaboration will allow fans to interact with the club and its players through various digital experiences within The Sandbox platform. As part of this partnership, SSC Napoli will launch the SSC Napoli Official Metaverse Store, which will be featured in four user-generated experiences on The Sandbox. These experiences will include appearances by players such as Leonardo Spinazzola, Frank Zambo Anguissa, Amir Rrahmani, and Matteo Politano. Fans who visit all four pop-ups can win tickets to SSC - [Shiba Inu Ecosystem Heats Up: K9 Finance Announces Arrival Of Liquid Staking to Shibarium](https://news.shib.io/2024/08/14/shiba-inu-ecosystem-heats-up-k9-finance-announces-arrival-of-liquid-staking-to-shibarium/): K9 Finance is shaking up the staking landscape with its launch of liquid staking on Shibarium, offering a unique blend of security, flexibility, and DeFi opportunities for users. The service, going live on Sept. 18, allows users to stake their BONE tokens and receive tradable knBONE tokens, opening doors to a new world of decentralized finance within the Shiba Inu ecosystem. The buzz around this launch is already building, especially after their recent tweet: “Liquid staking is coming to the Shiba Inu L2 on September18. The $KNINE testnet will be live to the general public after the ETH_Toronto.” So, what exactly - [Shiba Inu Visionary Unleashes Bold Plan to Reach 1 Billion Users](https://news.shib.io/2024/08/13/shiba-inus-shytoshi-kusama-drops-a-bombshell-reveals-shibs-next-move-to-onboard-1b-users/): Shytoshi Kusama, the visionary behind Shiba Inu, has sent shockwaves through the crypto industry with a bold announcement that could prove pivotal for Shiba Inu’s ambitious goal of onboarding a billion users. During a highly anticipated, high-profile keynote address at the 2024 Blockchain Futurist Conference, Kusama unveiled a groundbreaking strategy that could potentially reshape the project’s future and solidify its dominance in the crypto market via a strategic partnership with the International Indian Film Academy Awards (IIFA) Known for his enigmatic presence and ambitious vision for the Shiba Inu ecosystem, Kusama acknowledged the challenge of reaching such a massive audience. - [Shytoshi Kusama's Speech at the 2024 Blockchain Conference](https://news.shib.io/2024/08/13/shytoshi-kusamas-speech-at-the-2024-blockchain-conference/): Kusama’s most anticipated announcement was that of Shib Hub, the “heart of the Shiba Inu ecosystem.” Read about that and the other announcements here. And about Shiba Inu’s ambitious plan to onboard the next 1 billion users. - [What's Next for Shiba Inu? New Roadmap Unveiled at Blockchain Conference](https://news.shib.io/2024/08/13/shiba-inu-unveils-ambitious-roadmap-at-blockchain-futurist-conference/): Shiba Inu, the meme-inspired cryptocurrency, is taking a giant leap forward with a series of groundbreaking announcements made by its pseudonymous lead developer, Shytoshi Kusama, at the Blockchain Futurist Conference 2024. Kusama on Tuesday outlined a roadmap brimming with innovation, community engagement, and a bold vision for the future of SHIB, solidifying its position as a force to be reckoned with in the decentralized world. The most anticipated announcement was that of Shib Hub, the “heart of the Shiba Inu ecosystem.” This super app aims to be a one-stop shop for all things SHIB, offering users an unprecedented level of - [K9 Finance Partners with Gate.io for $KNINE Token Integration](https://news.shib.io/2024/08/13/k9-finance-partners-with-gate-io-for-knine-token-integration/): K9 Finance has announced a partnership with Gate.io, a prominent cryptocurrency exchange. This collaboration includes integrating $KNINE, the native token of K9 Finance, into Gate.io’s platform and various marketing activities. Gate.io has confirmed the partnership by revealing an airdrop of 3,856,135,846 $KNINE tokens. The airdrop is part of Gate.io’s Startup Free Offering program and is available exclusively to $GT token holders. The event is scheduled to begin on August 14, 2024, at 11:00 a.m. (UTC), and will conclude on August 16, 2024, at 03:00 PM (UTC). Following the airdrop, $KNINE will be available for trading on the Gate.io platform. Users - [Tether Fights Back: Calls Celsius' Billion-Dollar Lawsuit Over Bitcoin Liquidation 'Baseless'](https://news.shib.io/2024/08/13/tether-fights-back-calls-celsius-billion-dollar-lawsuit-over-bitcoin-liquidation-baseless/): Tether, the creator of USDT stablecoins, is finally defending itself against Celsius’ complaint where it sued the former last week for billions in damages. Celsius had accused Tether of unlawfully liquidating and breaching a token agreement which was signed by both Celsius and Tether.  Tether, however, called the lawsuit “baseless”, adding that “no good deed goes unpunished.” On the other hand, Celsius has accused Tether of exploiting Celsius’ financial troubles and using it for its own gain, while Celsius was approaching bankruptcy.  Background Back in 2020, Celsius relied on stablecoins in order to support its operations and borrowed around $2 - [Shiba Inu Introduces Fiat On-ramp for BONE and USDC](https://news.shib.io/2024/08/13/shiba-inu-introduces-fiat-on-ramp-for-bone-and-usdc/): The Shiba Inu (SHIB) project just launched a fiat on-ramp service enabling the purchase of BONE and USDC with Visa or MasterCard. This development enhances access for users who want to explore the decentralized economy. It allows transactions through familiar payment methods like Visa and MasterCard. It further eliminates the complications of navigating difficult exchanges or bridging tokens, making $BONE and $USDC more accessible to users which, in turn, enhances the utility and value of the tokens. This efficient approach promotes increased adoption of the Shib ecosystem and aids in the advancement of innovative applications and services on Shibarium, the - [Ether ETFs Show Resilience As They Record First Positive Weekly Inflows Since Launch](https://news.shib.io/2024/08/13/ether-etfs-record-first-positive-inflows-since-launch/): Ether ETFs see first positive inflows since launch, driven by BlackRock’s $168.55M ETH purchase. Trading volume surged to $286M on August 12. - [Canadian Crypto Exchange ezBtc Faces Major Scandal Over Misappropriation of $9.5 Million in Bitcoin and Ether](https://news.shib.io/2024/08/13/canadian-crypto-exchange-ezbtc-faces-major-scandal-over-misappropriation-of-9-5-million-in-bitcoin-and-ether/): ezBtc, a Canadian crypto trading platform, has been involved in a major scandal after it was discovered to have misappropriated more than $9.5 million in user funds, the majority of which is in Bitcoin and some in Ether.  The British Columbia Securities Commission (BCSC) revealed that ezBtc founder David Smillie had been diverting these assets. The assets were used on several online gaming sites and various personal accounts between 2016 and 2019.  Smillie had told customers that they could buy and sell various crypto assets, but their assets would be kept in “cold storage.” He shared that cold storage is - [$90K Oooops: Shibarium Offers Gas Fee That Doesn't Break The Bank](https://news.shib.io/2024/08/12/90k-oooops-shibarium-offers-gas-fee-that-doesnt-break-the-bank/): The crypto world is buzzing after an anonymous user paid a staggering $90,000 in gas fees to transfer a mere $2,200 worth of Ethereum. While the reason behind this head-scratching transaction remains a mystery –  a costly mistake or a deliberate act? – it shines a harsh light on the often exorbitant transaction costs plaguing major blockchains and puts Shibarium in the spotlight. The jaw-dropping incident, highlighting such astronomical gas fees, is not uncommon on Ethereum. The network’s surging popularity has led to congestion, causing transaction costs to skyrocket and making it increasingly difficult for ordinary users to participate in - [K9 Finance Set to Be Listed on Gate.io Ahead of Blockchain Futurist Conference 2024](https://news.shib.io/2024/08/12/k9-finance-set-to-be-listed-on-gate-io-ahead-of-blockchain-futurist-conference-2024/): Just a few hours before the Blockchain Futurist Conference 2024, K9 Finance is set to be listed on Gate.io, one of the largest and most reputable crypto exchanges. Random Artz, a YouTuber and crypto enthusiast, predicted that K9 Finance could be listed on Gate.io or even Binance and Coinbase. He highlighted that K9 Finance, the official liquid staking platform for Shibarium, SHIB’s layer 2 solution, holds a distinct status that could land it among prominent crypto exchanges like Binance, Coinbase, and Gate.io. He also shared that the announcement could happen 100 times sooner than anticipated.  In the video, Random Artz - [K9 Finance Gears Up for Major Announcements at Blockchain Futurist Conference 2024](https://news.shib.io/2024/08/12/k9-finance-gears-up-for-major-announcements-at-blockchain-futurist-conference-2024/): The decentralized finance (DeFi) partner of Shiba Inu, K9 Finance is set for important announcements at the upcoming Blockchain Futurist Conference 2024. K9 is a Gold Sponsor for the event scheduled for August 13-14. Shiba Inu is also a title sponsor of the conference. The exact details of K9 Finance’s announcements at the conference remain undisclosed. However the team has mentioned in one of their roundtables that Shiba Inu will be a major focus. This is in line with their recent social media activities, which have been building anticipation ahead of the conference. Buzz, the pseudonymous founder and developer of - [Exclusive- Hoichi's Torii Gateway Bridges Nearly 500K BONE to Shibarium: A Quantum Leap for Interoperability](https://news.shib.io/2024/08/12/exclusive-hoichis-torii-gateway-bridges-nearly-500k-bone-to-shibarium-a-quantum-leap-for-interoperability/): Hoichi’s Torii Gateway has successfully bridged nearly 500,000 BONE tokens to the Shibarium platform, a monumental achievement that highlights the L2 scalability solution’s growing prominence in the blockchain industry. This groundbreaking development highlighted a significant milestone in the realm of blockchain interoperability and solidified Hoichi’s position as a frontrunner in cross-chain technology. The Shibarium network, Shiba Inu’s layer-2 scaling solution, witnessed a surge in bridge activity, signaling growing confidence and adoption. Over the past weekend alone, a total of 799 transactions were recorded across various bridges, with a remarkable 466,376 Bone tokens leading the charge. This surge in activity, particularly involving - [Can a Community's Faith Make Kendu the First $100B Memecoin?](https://news.shib.io/2024/08/12/can-a-communitys-faith-make-kendu-the-first-100b-memecoin/): Kendu is rewriting the rules of the cryptocurrency game. Born as a meme coin, it’s now setting its sights on a $100 billion valuation. The launch of the Kendu Chads NFT Marketplace wasn’t just another headline in the frenetic world of crypto but rather a statement of intent. Kendu, a project born amid the memecoin frenzy, was making a bold play to transcend its origins and redefine the very notion of what a community-driven project could achieve in the burgeoning NFT arena.   The question wasn’t just whether Kendu could carve out a space for itself, but whether it could reshape - [The Weekly Meme Digest - August 10, 2024](https://news.shib.io/2024/08/10/the-weekly-meme-digest-11/): It’s Saturday, the day when the hangover from the week’s crypto rollercoaster finally starts to wear off. Or maybe it’s just the start of another wild ride? 🤔 🍿 Another weekend is here, and you know what that means—time to kick back, grab your favorite snack (crypto-themed, obviously 🍕💸), touch the grass (so they say) and dive headfirst into the juiciest stories the blockchain world has to offer. We’ve got memes, we’ve got laughs, and we’ve got enough mental gymnastics to make you question your life choices—just kidding… or are we? 🧐 From the halls of power to the depths - [Kamala's Crypto Cold Shoulder: Is the Blockchain Boom Leaving Her Behind?](https://news.shib.io/2024/08/10/kamalas-crypto-cold-shoulder-is-the-blockchain-boom-leaving-her-behind/): Ah, Kamala Harris—the cryptoverse’s elusive unicorn. Once again, the vice president has gracefully dodged yet another opportunity to grace us with her presence in the blockchain sphere. This time, she pulled a no-show at Friday’s virtual crypto meeting hosted by California Congressman Ro Khanna. You know, the kind of meeting that requires nothing more than an internet connection and maybe a basic understanding of Bitcoin memes. 🤷‍♀️ The call, featuring Deputy Treasury Secretary Wally Adeyemo and Harris’s former chief of staff Kristine Lucius, went on as planned. Crypto giants Mark Cuban and Ron Conway were there too, probably dreaming up - [Smart Money Strategy: Constructive Investing or a Tool for Market Manipulation?](https://news.shib.io/2024/08/10/smart-money-strategy-constructive-investing-or-a-tool-for-market-manipulation/): In the wake of a market correction that knocked off more than $200 billion in crypto asset value, guess who swooped in for the steal? 💰💰 Yes, you guessed it right, it’s the institutional investors charging in with their wallets wide open. A crazy market downturn that caused many people to shudder and panic-sell seemed like nothing but a garage sale to the smart money club! 🛍️💲 We sincerely hope they’re not laughing at panic sellers from their high-rise buildings while drinking their Screaming Eagle Cabernet Sauvignon and booking their next luxury flight to God knows where. 🍷 They can - [Donald Trump Jr. Set to Shake Up Crypto: Big Coins, Bigger Drama](https://news.shib.io/2024/08/10/donald-trump-jr-set-to-shake-up-crypto-big-coins-bigger-drama/): Donald Trump Jr., the eldest one to the Trump throne and connoisseur of social media drama, is reportedly gearing up to launch his very own DeFi platform. Umm, you heard that right. 😀 The guy who spent the last few years passionately posting on X might now be pivoting to the wild world of digital coins.🪙 In a recent post on X (because apparently, renaming Twitter wasn’t confusing enough), Trump Jr. teased that he and his team are about to drop something “HUGE” in the crypto space. How HUGE is still a debate though! He’s all for decentralized finance (DeFi), - [Is Gary Gensler Throwing in the Towel After Ripple's Victory?](https://news.shib.io/2024/08/10/is-gary-gensler-throwing-in-the-towel-after-ripples-victory/): Well, well, well. It seems like Gary Gensler and his merry band of SEC regulators might be loosening their ties and contemplating an early retirement—or at least a much-needed vacation. The lawsuit between Ripple and the SEC has taken a wild turn, with Judge Analisa Torres dropping a $125 million fine on Ripple’s lap. And while $125 million is no small chunk of change, let’s not forget the SEC originally demanded a mind-boggling $2 billion. That’s right—billion with a capital B 💸. So, what gives? Is this a landmark victory for Ripple, or did the SEC just realize they were - [IRS: From Crypto Gestapo to… Slightly Less Invasive Overlords?](https://news.shib.io/2024/08/10/irs-from-crypto-gestapo-to-slightly-less-invasive-overlords/): Ah, the IRS—always the first in line when there’s money to be collected, but somehow lost in the maze when it comes to figuring out how this whole “crypto” thing works. In their latest move to remind us that nothing escapes the taxman, the IRS has rolled out a shiny new draft of Form 1099-DA, affectionately dubbed “Digital Asset Proceeds From Broker Transactions.” Sounds fancy, right? But before you start setting aside Satoshi for Uncle Sam, let’s take a closer look at what’s really going on here. 🧐 Tax First, Regulate… Eventually? 🤷‍♂️ So here’s the kicker: while the government - [Donald Trump Jr. Poised to Launch Cryptocurrency Platform](https://news.shib.io/2024/08/09/donald-trump-jr-poised-to-launch-cryptocurrency-platform/): Donald Trump Jr., the eldest son of former U.S. President Donald Trump, is preparing to launch his own cryptocurrency platform as indicated by his recent social media posts. He made a mention of this family project in one of his Q&A sessions on Locals, a community platform, where he mentioned that it will have a significant impact and help take on the banking world. He is well known for his active engagement on social media, and his venturing into the crypto world could redefine the intersection of politics and digital finance.  In one of his latest posts on X, he - [Shiba Inu Unveils Shibarium Hard Fork & Burn Before Blockchain Conference](https://news.shib.io/2024/08/08/shiba-inu-announces-shibarium-hard-fork-and-burn-mechanism-ahead-of-blockchain-futurist-conference/): The Shiba Inu ecosystem is set ablaze with anticipation as developers announce a major Shibarium upgrade, just days before the highly anticipated Blockchain Futurist Conference.  The Shiba Inu development team announced Thursday a significant upgrade to Shibarium, the crypto project’s Layer-2 scaling solution. The upgrade, scheduled for August 9, will introduce a hard fork implementing a new version of Bor – v1.1.2-bone – and activate a highly anticipated burn mechanism. The strategic move introduces a long-awaited burn mechanism the community anticipates would significantly impact the future of SHIB. The hard fork is timed to occur at approximately 9:15 am UTC - [WazirX Faces Legal Challenges Amid $230 Million Crypto Theft Investigation](https://news.shib.io/2024/08/08/wazirx-faces-legal-challenges-amid-230-million-crypto-theft-investigation/): Indian cryptocurrency firm WazirX, its infrastructure partner Liminal, and other associated entities are presently embroiled in legal challenges following a $230 million crypto asset theft. The most recent one involves a petition filed by a legal trainee at the National Company Law Tribunal (NCLT) in Indore, India.  The petition, filed by a legal intern named Gauransh Vyas, reportedly listed WazirX’s parent company Zanmai Labs, Liminal, WazirX founders Sameer Mhatre and Nischal Shetty, and many more as respondents. The Ministry of Home Affairs, the Ministry of Finance, and the Ministry of Corporate Affairs are also included in the petition. Vyas reportedly - [India Not Considering Legislation to Regulate Cryptocurrencies, Says Government](https://news.shib.io/2024/08/08/india-not-considering-legislation-to-regulate-cryptocurrencies-says-government/): The Indian government has made it clear in a recent reply to the Parliament that it is not considering any legislation to regulate cryptocurrency transactions. This move comes despite India’s strict laws on digital assets, showcasing the government’s preference for oversight through existing measures rather than introducing new regulations for Virtual Digital Assets (VDAs). This stance reflects a cautious approach, focusing on strict tax laws and anti-money laundering measures rather than direct regulation of Virtual Digital Assets (VDAs). Responding to a Parliament enquiry, the Finance Ministry of India revealed that currently there isn’t any proposal to bring legislation for regulating - [Indian Authorities Fine Binance $86 Million for GST Compliance](https://news.shib.io/2024/08/07/indian-authorities-fine-binance-86-million-for-gst-compliance/): India has imposed a fine of $86 million in taxes on Binance, demanding payment for Goods and Services Tax (GST) against fees collected from Indian customers trading digital assets. The Directorate General of GST Intelligence (DGGI) of India has issued a show cause notice to Binance, citing that those transactions conducted on Binance under the Online Information Database Access or Retrieval (OIDAR) services are subject to the GST in India. Binance, however, has not yet registered under the Indian GST system. The DGGI had reached out to Binance affiliates in Seychelles, the Cayman Islands, and Switzerland for further investigation.  Previously, - [Interview- Shibtoshi on Token Burn Implications](https://news.shib.io/2024/08/07/interview-shibtoshi-on-token-burn-implications/): If there’s a secret formula for success in the crypto world, token burning might just be it. By removing tokens from circulation to increase scarcity and drive up prices, this strategy has ignited fervent support among communities. Yet, beneath the surface of this seemingly straightforward tactic lies a complex interplay of economic, psychological, and regulatory factors. To delve deeper, we sat down with Shibtoshi, the enigmatic founder of SquidGrow, to discuss the broader implications of token burning. The Economic Crucible Token burning, a strategy that has ignited fervent debate and astronomical valuations in the cryptocurrency world, is more than just - [Names of Gensler's Replacement Float as Crypto Industry Watches for New SEC Chair](https://news.shib.io/2024/11/07/names-of-genslers-replacement-float-as-crypto-industry-watches-for-new-sec-chair/): The crypto industry is holding its breath. Whispers of Gary Gensler’s potential departure from the Securities and Exchange Commission (SEC) have sent ripples through the market, leaving investors and entrepreneurs alike wondering what the future holds for regulation in this burgeoning sector. Gensler’s aggressive stance on crypto has been met with both praise and criticism. His direct interventions, including a string of enforcement actions against crypto exchanges and projects, have aimed to bring the industry under tighter regulatory control. This move was applauded by some who advocate for investor protection but met with frustration from others who argue his approach - [French Trader Bags $79 Million on Trump's Election](https://news.shib.io/2024/11/07/decentralized-betting-pays-off-french-trader-wins-79-million-on-trumps-election/): While the political world grapples with the aftermath of the 2024 U.S. election, one trader is swimming in a sea of profits. A French trader has just pocketed a staggering $79 million by wagering on Donald Trump’s victory on the decentralized betting platform, Polymarket. The story of this daring bet, which defied the odds and generated a windfall for the anonymous French trader, known only as Theo4, began with whispers in the crypto community. Rumors circulated about a “whale,” a trader with significant financial resources, holding substantial positions on Polymarket, betting heavily on a Trump win. As the election neared, - [Former FTX Executives Sentenced: Gary Wang Seeks Leniency, Caroline Ellison Begins Prison Term](https://news.shib.io/2024/11/07/former-ftx-executives-sentenced-gary-wang-seeks-leniency-caroline-ellison-begins-prison-term/): The long arm of the law is catching up to former FTX executives, as Gary Wang, the company’s former CTO, pleads for leniency in his upcoming sentencing hearing while Caroline Ellison, ex-girlfriend and former co-CEO of Alameda Research, begins serving her two-year prison term. Wang, who played a key role in FTX’s technological infrastructure, has argued for a non-custodial sentence, emphasizing his limited awareness of the criminal activities and his full cooperation with authorities. His legal team maintains that he was the first to come forward and provide critical testimony against former FTX CEO Sam Bankman-Fried, leading to Bankman-Fried’s conviction - [Second Trump Term May Yield ‘Friendlier’ SEC, Says Global Law Firm](https://news.shib.io/2024/11/07/second-trump-term-may-yield-friendlier-sec-says-global-law-firm/): Global law firm Ropes & Gray has released a forecast suggesting that a second term for Donald Trump could lead to a more agreeable and supportive Securities and Exchange Commission (SEC). The firm posits that such a shift may foster a regulatory climate that encourages growth in financial markets and innovation, particularly in the cryptocurrency space and among tech startups. “It seems likely that issuers of digital assets—and asset managers interested in investing in digital assets on behalf of their clients—will face a friendlier SEC than under Chair Gensler,” the forecast read. Trump has addressed multiple cryptocurrency audiences, asserting his - [Strategic Bitcoin Reserve Proposal Gains Traction Under Trump](https://news.shib.io/2024/11/07/strategic-bitcoin-reserve-proposal-gains-traction-under-trump/): With Donald Trump now in the presidency, the Bitcoin Act stands to be a key legislative focus, according to a blog post from asset manager CoinShares. Introduced by Senator Cynthia Lummis (R-Wyo.) in July, the proposal aims to classify Bitcoin as a strategic reserve asset by utilizing cryptocurrency seized through asset forfeitures. Trump has voiced his support for this initiative, making it a highlight of his remarks at the Bitcoin Conference in Nashville that same month. A U.S. government purchase of up to 5% of Bitcoin’s total supply would position it similarly to gold, granting it a place in the - [Bone ShibaSwap Trading Volume Explodes By 72%, Price Jumps 7%](https://news.shib.io/2024/11/07/bone-shibaswap-trading-volume-explodes-by-72-price-jumps-7/): Bone ShibaSwap (BONE) is making waves. The token has seen a dramatic spike in trading activity, with its 24-hour volume soaring over 72% and the price rising over 7%. Bone ShibaSwap (BONE), the governance token of ShibaSwap and the official gas fee token of Shibarium, is back in the spotlight. As of 8:34 p.m. ET on Wednesday, the token’s market capitalization has also climbed by 7.43%, reaching approximately $91.07 million, according to CoinMarketCap data. Several factors are likely contributing to this renewed interest. The broader crypto market has experienced a recent upswing, with the global market cap rising 8.76% to - [Crypto Prediction Markets See Surge After Accurate US Election Forecasts](https://news.shib.io/2024/11/07/crypto-prediction-markets-see-surge-after-accurate-us-election-forecasts/): How did crypto prediction markets outperform polls in predicting the election? The surprising accuracy of blockchain-based predictions has sparked rapid growth in this sector, raising questions about the future of forecasting Polymarket, a leading prediction market platform, declared on X (formerly Twitter), “Last night, Polymarket proved the wisdom of markets over the polls, the media, and the pundits.” This success not only validated the power of these platforms but also fueled discussions about their broader applications.  The accuracy of these platforms drew praise from various analysts, with Bloomberg Intelligence ETF analyst Eric Balchunas commenting on Polymarket’s post, “It wasn’t perfect, - [Crypto Roars After Trump Victory: Industry Leaders Demand Regulatory Change](https://news.shib.io/2024/11/06/crypto-roars-after-trump-victory-industry-leaders-demand-regulatory-change/): The gloves are off. Emboldened by Donald Trump’s presidential win, crypto leaders are demanding a radical shift in regulatory approach, setting the stage for a high-stakes battle over the future of finance. From Coinbase’s C-suite to billionaire investors, the message reverberating across the industry is clear: cease the lawsuits, initiate dialogue, and embrace the transformative potential of cryptocurrency. Coinbase Chief Legal Officer Paul Grewal issued a direct challenge to the SEC on X, just hours after the election results. “I hope @SECGov understands what has happened tonight,” Grewal wrote. “On many, many issues, the voters said loud and clear that - [US to Establish Strategic Bitcoin Reserve, Senator Confirms](https://news.shib.io/2024/11/06/us-to-establish-strategic-bitcoin-reserve-senator-confirms/): An audacious new strategy for the U.S. financial landscape is taking shape: the creation of a strategic Bitcoin reserve.  Just hours after Donald Trump’s presidential victory, Senator Cynthia Lummis (R-Wyo.) confirmed the ambitious plan, echoing a proposal she introduced in July to acquire 5% of the world’s Bitcoin supply. This move has ignited both excitement and debate, raising questions about the future of the dollar and the role of cryptocurrency in national strategy.  Prominent figures in the crypto community, including MicroStrategy’s Michael Saylor, have voiced their support. Saylor, quoting Lummis’ announcement on X, stated, “The United States needs a Strategic - [Shiba Inu Trading Volume Soars Over $1 Billion in Triple-Digit Surge](https://news.shib.io/2024/11/06/shiba-inu-trading-volume-soars-over-1-billion-in-triple-digit-surge/): Shiba Inu, the dog-themed cryptocurrency project, is experiencing a resurgence. A triple-digit surge in 24-hour trading volume, exceeding $1.19 billion, has propelled the token back into the spotlight.  This explosive growth, a 146.13% increase, coincided with a confluence of positive developments, including renewed optimism surrounding the crypto market following Donald Trump’s presidential election victory, the announcement of the Shiba Inu Hub for Innovation and Blockchain (S.H.I.B.), and a bullish technical analysis suggesting a potential price breakout. As of 2:45 p.m. ET on Wednesday, Shiba Inu was trading at $0.00001865, a 2.50% increase for the day. This positive price action is - [S.H.I.B.](https://news.shib.io/2024/11/06/s-h-i-b/): Read the latest edition of The Shib magazine here. - [Will Crypto Titans Run Washington? Trump's Win Fuels Speculation](https://news.shib.io/2024/11/06/will-crypto-titans-run-washington-trumps-win-fuels-speculation/): The crypto world is abuzz with speculation. Donald Trump’s return to the White House raises a tantalizing question: will crypto industry titans soon hold the reins of power in Washington? His victory, coupled with a Republican-controlled Senate, has ignited hopes of a regulatory landscape transformed by those who understand the intricacies of digital assets. Trump’s campaign rhetoric resonated with the crypto community. He promised to dismantle what he called the “persecution” of the industry, championing low-cost energy for Bitcoin miners and envisioning the U.S. as the global Bitcoin superpower. These pronouncements, combined with his general anti-establishment stance, fueled expectations of - [Trump Crypto Stance: Crypto Community Awaits Action on Ambitious Agenda](https://news.shib.io/2024/11/06/trump-crypto-stance-crypto-community-awaits-action-on-ambitious-agenda/): The White House has a new occupant, and with him comes a renewed focus on cryptocurrency. Donald Trump, now the elected President of the United States, during his campaign, outlined a plan for a crypto-friendly America. This plan represents a departure from his previous stance on the subject. Trump’s crypto manifesto began with a bold declaration: “Make the United States the world’s cryptocurrency capital.” This vision, however, lacked specifics. It is unclear how this would be achieved, whether through favorable tax policies, regulatory clarity, or a robust infrastructure for crypto businesses. His plan also called for firing SEC Chairman Gary - [Kansas Bank CEO's Crypto Fraud Leads to Full Repayment for Victims](https://news.shib.io/2024/11/05/kansas-bank-ceos-crypto-fraud-leads-to-full-repayment-for-victims/): In a landmark ruling in Kansas, victims of a major Kansas bank fraud received a promise of full financial recovery.  The drama unfolded in a federal courtroom on Monday, where individuals impacted by former bank CEO Shan Hanes’ deceptive scheme heard the news of their forthcoming restitution. Hanes had embezzled $47 million from Heartland Tri-State Bank, driving it into insolvency and affecting many, including close family and neighbors. “Hanes’ greed knew no bounds. He trespassed his professional obligations, his personal relationships, and federal law. Not only did Shan Hanes betray Heartland Bank and its investors, but his illegal schemes also - [Shiba Eternity Web3: Unleash Your Inner Shiba in the Ultimate Shiba Summit Tournament!](https://news.shib.io/2024/11/05/shiba-eternity-web3-unleash-your-inner-shiba-in-the-ultimate-shiba-summit-tournament/): The Shiba Inu gaming universe is about to erupt! Shiba Eternity Web3 is throwing down the gauntlet with the return of its Beta Bash tournament, but this time, it’s bigger, bolder, and promises a hefty reward for those willing to play hard, win big, and embrace the true Shiba spirit. Get ready for the Ultimate Shiba Summit Tournament! Forget your casual skirmishes—this ain’t your average dog park brawl. This is a high-stakes showdown where every swipe, every calculated move could land you a sweet chunk of that 500 BONE prize pool. It’s play-for-gain, Shiba-style. And the best part? It’s completely - [South Korea Youth Choose Crypto Over Traditional Jobs](https://news.shib.io/2024/11/05/south-korea-youth-flock-to-crypto-shun-traditional-jobs/): In South Korea, a seismic shift in employment trends is emerging as younger generations increasingly abandon traditional job paths in favor of cryptocurrency trading.  This trend is detailed in a recent analysis by the Electronic Times, which shows a marked uptick in job seekers aged 40-59, while interest among those aged 20-39 has waned. The rise in older job seekers is attributed to the need for supplemental income amid ongoing economic stagnation. In contrast, younger individuals are gravitating towards financial investments in assets like cryptocurrencies. This investment trend is supported by data from various recruitment platforms, which indicate a significant - [Mt. Gox Stirs Crypto Market with $2B BTC Transfer](https://news.shib.io/2024/11/05/mt-gox-stirs-crypto-market-with-2b-btc-transfer/): Mt. Gox, the now-defunct cryptocurrency exchange, has reportedly moved over $2 billion worth of Bitcoin into new wallets, stirring market speculation about its intentions.  According to blockchain analytics firm Arkham Intelligence, on November 4, Mt. Gox transferred 30,371 BTC to an unknown address and about 2,000 BTC to another. All these while still retaining approximately 44,378 BTC, valued around $3.04 billion. This flurry of activity was noted just days after another analytics firm, SpotOnChain, reported that Mt. Gox had moved a total of 32,871 BTC in the past week, including some amounts to major crypto exchanges OKX and B2C2. Such - [Whale larpas Triggers Market Shift with $4M Election Bets Sell-Off](https://news.shib.io/2024/11/05/whale-larpas-triggers-market-shift-with-4m-election-bets-sell-off/): A significant sell-off by a Polymarket whale known as “larpas” has sparked notable shifts in betting odds related to the upcoming U.S. presidential elections. In a high-stakes move, “larpas” offloaded nearly $4 million in bets on former President Donald Trump’s victory, impacting the market dynamics profoundly. Data from Arkham Intelligence revealed that “larpas” began divesting these positions around 4 p.m. UTC, with the bulk of the bets predicting a Trump win. This activity led to a decrease in Trump’s odds from 60.6% to 56.2% on Polymarket, though they slightly recovered to 58% after the transactions. Giant-Cassocked Rebirth (GCR on X), - [Shiba Inu Price Soars on Kusama's Vision of a Blockchain Silicon Valley-S.H.I.B](https://news.shib.io/2024/11/05/shiba-inu-price-soars-on-shytoshi-kusama-shares-vision-of-a-blockchain-silicon-valley-s-h-i-b/): The Shiba Inu (SHIB) ecosystem is buzzing with excitement after Shytoshi Kusama, the pseudonymous lead visionary of the Shiba Inu project, unveiled an ambitious vision for a “Silicon Valley for the Blockchain Industry.”  This bold proposal, dubbed the Strategic Hub for Innovation in Blockchain (S.H.I.B.), ignited a surge in the price of SHIB, demonstrating the community’s fervent belief in Kusama’s vision and the potential for Shiba Inu to become a leader in the blockchain space. Kusama’s announcement, shared on X (formerly Twitter) on Tuesday, sparked immediate enthusiasm within the Shiba Inu community. They outlined a detailed proposal for S.H.I.B., envisioning - [Crypto Co-Founder Robbed in Bangkok, Issues Warning to Devcon Attendees](https://news.shib.io/2024/11/05/devcon-crypto-co-founder-robbed-in-bangkok-issues-warning-to-attendees/): A chilling incident in Bangkok casts a shadow over the upcoming Ethereum Devcon, highlighting the vulnerability of even seasoned crypto professionals to street crime.  Haichao, the co-founder of Rooch Network, found himself face-to-face with knife-wielding robbers in the early hours of the morning Monday, losing his phone in the terrifying encounter. His experience is a stark reminder of the importance of vigilance and safety precautions, particularly for those traveling to unfamiliar cities. Haichao’s ordeal began upon his arrival in Bangkok. His flight landed at 3 a.m., and a miscommunication with his taxi driver led to him being dropped off at - [Shiba Eternity Web3 Beta Bash Crowns Its First Top Dogs—And They’ve Got the $BONE to Prove It!](https://news.shib.io/2024/11/04/shiba-eternity-web3-beta-bash-crowns-its-first-top-dogsand-theyve-got-the-bone-to-prove-it/): Shiba Eternity Web3 has officially named its first-ever champions! The curtain has fallen on the inaugural Beta Bash tournament, with five players rising to glory and clutching their hard-earned share of the $BONE bounty. This friendly yet fierce showdown wasn’t just for kicks; it served as a true testing ground for Shiba Eternity’s gameplay, hinting at the competitive chaos to come. Leading the charge was the formidable Labubu, claiming the first-ever title of Beta Bash Champion. Hot on his heels came ThorBVW, whose skill earned him a snug second place, and SHIBKING, who slid into third with a solid display - [Michigan Bets on Ethereum, Signaling Institutional Embrace of Crypto's Future](https://news.shib.io/2024/11/04/michigan-bets-on-ethereum-signaling-institutional-embrace-of-cryptos-future/): Michigan’s state pension fund is placing a significant bet on the future of Ethereum, adding fuel to the growing institutional embrace of cryptocurrencies.  On Monday, the State of Michigan Retirement System disclosed its holdings in two Ethereum-focused exchange-traded funds (ETFs) managed by Grayscale: the Grayscale Ethereum Trust and the Ethereum Mini Trust. The SEC filing, which reported holdings as of September 30, revealed a substantial investment of 460,000 shares in each ETF. This move came on the heels of an earlier disclosure revealing the pension fund’s investment in the ARK 21Shares Bitcoin ETF. Taken together, these investments, estimated at roughly - [ShibaSwap 2.0 Introduces APR Display: A New Tool Empowers Liquidity Providers](https://news.shib.io/2024/11/04/shibaswap-2-0-introduces-apr-display-a-new-tool-empowers-liquidity-providers/): A powerful new feature is brightening the often-opaque world of decentralized finance (DeFi) on ShibaSwap 2.0. By clearly displaying the Annual Percentage Return (APR) for both version 1 and 2.0 liquidity pools, this tool empowers liquidity providers with crucial information to navigate the complexities of yield farming and make data-driven decisions. Transparency in potential returns is paramount in the ever-evolving DeFi landscape, and this feature aims to deliver just that. Previously, comparing potential yields between ShibaSwap and its latest version, ShibaSwap 2.0 pools demanded significant manual effort and a deep understanding of the underlying mechanisms. Users often grappled with fragmented - [Deutsche Telekom Pioneers "Digital Monetary Photosynthesis": A Greener Path for Bitcoin Mining](https://news.shib.io/2024/11/04/deutsche-telekom-pioneers-digital-monetary-photosynthesis-a-greener-path-for-bitcoin-mining/): A quiet but potentially transformative shift is occurring within the volatile world of cryptocurrency. Deutsche Telekom, the European telecommunications giant, is pioneering a sustainable approach, leveraging surplus renewable energy to reshape the narrative around the cryptocurrency’s environmental impact. This innovative approach, dubbed “digital monetary photosynthesis,” promises a greener future for Bitcoin mining. Unlike many corporate forays into Bitcoin mining, Deutsche Telekom’s initiative, launched in June 2024, focuses on optimizing existing resources rather than adding to the energy demand. Deutsche Telekom MMS, the subsidiary at the helm of the project, is harnessing the inherent fluctuations in renewable energy generation to its - [Alibaba Lays Off Dozens From Metaverse Unit Amid AI Pivot](https://news.shib.io/2024/11/04/alibaba-slashes-metaverse-unit-hundreds-laid-off-amid-ai-pivot/): Alibaba Group has reportedly scaled back its metaverse operations and reduced staff numbers significantly within its metaverse division, Yuanjing. This shift is part of a broader realignment toward artificial intelligence (AI), signaling a cooling interest in the metaverse among major tech players. Launched in 2021, Yuanjing aimed to capitalize on the burgeoning interest in the metaverse, a digital realm that many predicted would be the next iteration of the internet. Despite initial investments and efforts to secure a foothold in the virtual landscape, the division is now facing significant layoffs as the Chinese multinational company reallocates resources to more promising - [Wiz Khalifa X Account Hack Tied to WIZ Coin Scam](https://news.shib.io/2024/11/04/wiz-khalifa-x-account-hack-tied-to-wiz-coin-scam/): The X social media account of American rapper Wiz Khalifa was hacked, leading to the promotion of a dubious meme coin WIZ and resulting in dramatic market fluctuations.  The scam, revealed by blockchain sleuth ZachXBT, initially propelled the coin’s value to a peak of $3.4 million. However, the value plummeted to less than $28,000 after early investors began offloading their holdings. Currently, the token’s market cap stands at approximately $8,400. This incident follows a similar pattern to the recent hack of Truth Terminal creator Andy Ayrey’s account, which promoted another fraudulent cryptocurrency. These events highlight the vulnerabilities associated with celebrity-backed - [Kraken Unveils Crypto Derivatives for Australian Wholesale Clients](https://news.shib.io/2024/11/04/kraken-launches-crypto-derivatives-for-australian-wholesale-clients/): Kraken has announced the launch of a new service tailored for Australian wholesale clients, offering crypto-based derivatives through a licensed broker. This initiative reflects Kraken’s ongoing expansion in Australia and its commitment to adhere to the stringent regulatory standards expected within the financial sector. The service will enable wholesale clients to engage with a variety of crypto-based derivatives without needing to hold the actual cryptocurrencies. This is particularly significant as it utilizes Kraken’s Australian financial services license to offer these products, highlighting the platform’s compliance with local regulations. Jonathon Miller, Kraken’s General Manager for Australia and Rest of World, emphasized - [Zopp0 Crypto Manipulation Scam Exposed; Influencers Backed Dubious Projects](https://news.shib.io/2024/11/04/zopp0-crypto-manipulation-scam-exposed-influencers-backed-dubious-projects/): The cryptocurrency community reels from recent revelations as on-chain analyst ZachXBT exposes a series of manipulative schemes orchestrated by a figure known only as Zopp0.  This figure allegedly masterminded multiple failed crypto projects — SCALE, NTD, TPU, and OPSEC — leveraging popular influencers to artificially inflate their value before abandoning the projects, causing significant investor losses. Details emerge of the Zopp0 operations where leaked messages show concerted efforts to use influencers like CryptoGodJohn, CryptoKazi, and Luke Belmar to promote these dubious projects without genuine technical backing.  This tactic, coupled with strategic negative publicity against competitors, illustrates a dark side of - [Thai Police Allegedly Hold Chinese Businessman Hostage for $10 Million Crypto Ransom](https://news.shib.io/2024/11/03/thai-police-allegedly-hold-chinese-businessman-hostage-for-10-million-crypto-ransom/): In a chilling display of corruption and audacity, a group of Thai police officers allegedly held a Chinese businessman hostage, demanding a staggering $10 million ransom in cryptocurrency. The scheme, which involved fabricated charges and threats of imprisonment, has sent shockwaves through Thailand and raised alarming questions about the integrity of the nation’s law enforcement. The ordeal began in mid-October when six uniformed Thai police officers, accompanied by a civilian posing as law enforcement, stormed the Samutprakarn residence of Mr. Sai, a Chinese businessman from Vanuatu, News.qq reported. Brandishing what appeared to be a search warrant, they claimed Mr. Sai - [Upgrade Your DeFi Game: ShibaSwap 2.0 Makes Migration Seamless](https://news.shib.io/2024/11/03/upgrade-your-defi-game-shibaswap-2-0-makes-migration-seamless/): Level up your decentralized finance (DeFi) game with ShibaSwap 2.0. The popular DEX has just made upgrading easier than ever, allowing liquidity providers to seamlessly migrate their positions without withdrawing their funds. This frictionless transition unlocks a world of new features and potential for higher returns, making ShibaSwap 2.0 a must-have for any serious DeFi player. Previously, migrating liquidity between different versions of a decentralized exchange often resembled a complicated dance. Users typically had to withdraw their liquidity from the older version, incurring transaction fees and navigating the often-complex process of adding it to the new platform.  This multi-step process - [Crypto Adoption Explodes in Eastern Europe: Is This the Next Digital Asset Hotspot?](https://news.shib.io/2024/11/03/crypto-adoption-explodes-in-eastern-europe-is-this-the-next-digital-asset-hotspot/): Wall Street and Silicon Valley could wait,  the next crypto revolution might be brewing in Eastern Europe. A surge in crypto adoption is transforming the region into a surprising hotspot for cryptocurrency, challenging preconceived notions about the geography of innovation and raising a tantalizing question: is Eastern Europe the future of finance? A new report from Chainalysis revealed a surge in cryptocurrency usage across the region, driven by a confluence of factors ranging from economic instability to tech-savvy populations and a desire for financial freedom. The report, which analyzed cryptocurrency activity across various regions, painted a compelling picture of Eastern - [Wells Fargo Loses Long-Time Customer After Refusal to Refund Scammed Funds; Can Crypto Do Better?](https://news.shib.io/2024/11/03/wells-fargo-loses-long-time-customer-after-refusal-to-refund-scammed-funds-can-crypto-do-better/): A Colorado woman’s nearly three-decade relationship with Wells Fargo ends abruptly after the bank refuses to refund $15,000 stolen by sophisticated scammers. Melanie Sponselee’s experience highlights the vulnerabilities of traditional banking systems and raises a critical question: can cryptocurrency offer a more secure and responsive alternative? Sponselee’s ordeal began with a seemingly routine text message from Wells Fargo, inquiring about a large transaction, 9News reported. After replying “no,” she received a call from an individual posing as a bank representative. This impostor, armed with convincing details like employee identification and familiar hold music, guided Sponselee through a series of transfers, - ['Market Maker' CEO and Partners Face Wire Fraud and Crypto Market Manipulation Charges](https://news.shib.io/2024/11/03/market-maker-ceo-and-partners-face-wire-fraud-and-crypto-market-manipulation-charges/): A dark cloud hangs over the cryptocurrency “market maker” Gotbit. CEO Aleksei Andriunin and two of his partners face federal charges of wire fraud and market manipulation, casting a stark light on the shadowy practices that can plague the crypto market.  The Justice Department alleged a sophisticated scheme involving wash trading to artificially inflate trading volumes, potentially impacting popular meme coins like Saitama and Robo Inu. The indictment, unsealed this week, accuses Andriunin, 26, along with Gotbit directors Fedor Kedrov and Qawi Jalili, of orchestrating a multi-faceted fraud.  At the center of the scheme, prosecutors alleged was a code developed - [ShibaSwap 2.0 Unleashes A New Era of Seamless Trading With Multi-Hop Swaps](https://news.shib.io/2024/11/02/shibaswap-2-0-unleashes-a-new-era-of-seamless-trading-with-multi-hop-swaps/): A quiet revolution is underway in the world of decentralized finance (DeFi). ShibaSwap 2.0, the upgraded decentralized exchange (DEX) from the Shiba Inu project, introduces multi-hop swaps, a game-changing feature poised to streamline the trading experience and expand opportunities for users. This innovation allows for seamless transactions across multiple trading pairs, even when a direct exchange route isn’t available, marking a significant step forward in the evolution of decentralized trading. Multi-hop swaps represent a significant leap in DEX functionality. In the past, if a user wanted to trade Token A for Token C, but no direct trading pair existed on - [DEX Takeover Inevitable? Crypto Exec Exposes Major CEX Listing Fees](https://news.shib.io/2024/11/02/dex-takeover-inevitable-crypto-exec-exposes-major-cex-listing-fees/): A bombshell allegation rocks the cryptocurrency exchange landscape, threatening to upend the balance of power between centralized (CEX) and decentralized exchanges (DEX). Simon Dedic, CEO of blockchain advisory firm MoonRock Capital, in a recent X post claimed that a “Tier 1” crypto project was asked to relinquish 15% of its total token supply to Binance in exchange for a listing. This revelation ignited a fiery debate about the exorbitant listing fees charged by centralized exchanges (CEXs) and fuels predictions of a decentralized exchange (DEX) takeover. Dedic’s claim, shared on X (formerly Twitter), quickly gained traction within the crypto community. He - [Disgust and Outrage: DWF Labs Managing Partner Condemns Partner Accused of Drugging Job Applicant](https://news.shib.io/2024/11/02/dwf-labs-managing-partner-condemns-partner-accused-of-drugging-job-applicant/): Shockwaves ripple through the cryptocurrency investment world. Andrei Grachev, Managing Partner of DWF Labs, publicly expresses his disgust and outrage over accusations that a partner drugged a job applicant. The incident, captured on CCTV footage, has sparked swift condemnation and a promise of legal action, raising serious questions about the culture within the firm and the broader crypto industry. The disturbing allegations surfaced last week, centering on Eugene Ng, a partner at DWF Labs. Ng is accused of drugging a woman during a job interview. The details, while still emerging, paint a troubling picture of a potential abuse of power. - [Cracks Appear in EigenLayer Foundation as Key Figures Depart](https://news.shib.io/2024/11/02/eigenlayer-foundation-cracks-appear-as-key-figures-depart/): A tremor runs through the EigenLayer ecosystem. Two prominent Ethereum Foundation researchers, Dankrad Feist and Justin Drake, along with Chief Growth Officer Calvin Liu, have recently resigned from their advisory and leadership roles within the project, raising questions about the future direction of this ambitious “restaking” protocol. The departures, coupled with a significant drop in the $EIGEN token price, signal potential turbulence for a project once touted as a key component of Ethereum’s evolving infrastructure. The resignations began in September with Calvin Liu stepping down as Chief Growth Officer of the Eigen Foundation. This departure, while significant, did not immediately - [London Teenager Charged with Terror Offenses for Allegedly Helping Al Qaeda Raise Crypto Funds](https://news.shib.io/2024/11/02/london-teenager-charged-with-terror-offenses-for-allegedly-helping-al-qaeda-raise-crypto-funds/): A chilling scene unfolds in a London courtroom: a 16-year-old boy, flanked by his parents, stands accused of aiding a global terrorist organization. He allegedly leverages his technical skills in crypto and cybersecurity not for typical teenage pursuits, but to help Al Qaeda raise funds.  The teenager, whose identity remained protected due to his age, faced five serious charges, including terrorist fundraising, providing training in terrorist techniques, and possessing documents likely to be useful to a person planning terrorist acts. Prosecutors alleged the boy offered his expertise to Al Qaeda online, portraying himself as a skilled operative in the world - [Crypto Showdown: Richard Heart Fights Back Against SEC Suit](https://news.shib.io/2024/11/01/crypto-showdown-richard-heart-fights-back-against-sec-suit/): A packed courtroom in New York City on Thursday witnessed a heated legal battle between Richard Heart, a prominent crypto figure, and the Securities and Exchange Commission (SEC). Heart’s legal team vigorously contested the SEC’s lawsuit, arguing that the commission lacks jurisdiction over him and his crypto projects, HEX, Pulsechain, and PulseX. The hearing brought to light a fundamental tension within the crypto space: the struggle to reconcile decentralized technologies with traditional regulatory frameworks. The core of Heart’s defense hinges on a fundamental question: Can the SEC regulate crypto projects that operate outside the traditional boundaries of U.S. financial markets? - [CZ Reflects on His Time in Prison During First Public Appearance Since Release](https://news.shib.io/2024/11/01/cz-reflects-on-his-time-in-prison-during-first-public-appearance-since-release/): Binance co-founder and former CEO Changpeng Zhao, widely known as CZ, spoke about his experience in prison during his first public appearance since his release from prison during the Binance Blockchain Week Dubai 2024. As he recounted his experience to Altcoin Daily’s co-founder and host Austin Arnold, he emphasized that human connection holds greater value than anything else. CZ served four months in prison after pleading guilty to violating U.S. money laundering laws. In candid remarks, CZ revealed insights he has gained during his incarceration, noting that his time behind bars allowed him to contemplate the significance of human relationships. - [Crypto Hacks Cost Over $88 Million in October– Report](https://news.shib.io/2024/11/01/crypto-hacks-cost-over-88-million-in-october-report/): Who are the shadowy figures behind the crypto hacks that cost nearly $88.47 million in October? The answer, like much in the digital world, remains elusive, highlighting the ongoing battle between security and innovation in the crypto space. The October 2024 crypto landscape was marred by a series of high-profile hacks, leaving a trail of devastation across the decentralized finance (DeFi) ecosystem and prompting a renewed focus on security vulnerabilities. Blockchain security and data analytics company PeckShield revealed that nearly $88.47 million was stolen across roughly 20 hacking incidents, underscoring the ongoing challenge of safeguarding assets in a rapidly evolving - [Crypto Surpasses Real Estate as Top Investment Choice in Turkey - Study](https://news.shib.io/2024/11/01/crypto-surpasses-real-estate-as-top-investment-choice-in-turkey-study/): Cryptocurrency is now the third most preferred investment vehicle in Turkey, following gold and foreign currency.  This finding comes from the latest Cryptocurrency Awareness and Perception Survey by Turkish crypto exchange Paribu and research firm FutureBright Group. The annual survey, now in its fifth year, highlights significant shifts in investment preferences and growing confidence in digital assets among Turkish investors. This year, the share of Turkish citizens actively trading cryptocurrency rose from 25.1% to 27%, reflecting an increased interest in crypto despite economic volatility and regulatory ambiguity.  The survey collected responses from diverse investors and showed that 56% of participants - [SEC's $400M Crypto Enforcement Push Sparks Demand for Clear Guidelines](https://news.shib.io/2024/11/01/secs-400m-crypto-enforcement-push-sparks-demand-for-clear-guidelines/): The U.S. Securities and Exchange Commission (SEC) has spent over $400 million in litigation costs as part of its ongoing crypto crackdown, according to a recent report by the Blockchain Association. Under the leadership of Chair Gary Gensler, known for his aggressive stance on cryptocurrency regulation, the SEC has intensified its efforts to impose stricter oversight on the digital asset market. Gensler’s commitment to safeguarding investors and establishing a regulatory framework for cryptocurrencies has sparked significant debate. It has consistently raised questions about the effectiveness and financial implications of such a costly endeavor in the crypto sector. The report sourced - [Bitfarms Adds 10,000 Miners in US Stronghold Hosting Deal](https://news.shib.io/2024/11/01/bitfarms-adds-10000-miners-in-us-stronghold-deal/): Bitfarms, the global cryptocurrency mining company, announced a new hosting agreement with Stronghold Digital Mining Hosting to deploy an additional 10,000 miners at the latter’s Scrubgrass site in Pennsylvania.  The expansion is part of its strategy to increase its U.S. footprint and is anticipated to begin in December 2024. The 10,000 miners were initially intended for Bitfarms’ Yguazu site in Paraguay but will now operate alongside 10,000 other miners Bitfarms is deploying under its initial agreement with Stronghold. This deployment will achieve an efficiency of approximately 20.5 watts per terahash (w/TH), enhancing Bitfarms’ fleet-wide performance.  Bitfarms Chief Executive Officer Ben - [ShibaSwap 2.0 Makes Earning Easier: Claim Rewards Without Withdrawing Liquidity](https://news.shib.io/2024/11/01/shibaswap-2-0-streamlines-rewards/): The Shiba Inu ecosystem has always been a hotbed of innovation, and ShibaSwap 2.0 is no exception. This revamped platform is making waves with its user-friendly features and enhanced earning potential, and one of the most notable changes is the ability for liquidity providers to claim rewards without withdrawing their assets. This seemingly simple adjustment is a game-changer, offering a smoother path to Shiba riches for all involved. In the past, the process of reaping the rewards of providing liquidity on ShibaSwap involved a multi-step process. Users had to withdraw their assets from the pool, then navigate the process of - [The Rise of the Crypto Influencers: Are Whitepapers Losing Their Grip?](https://news.shib.io/2024/11/01/crypto-influencers-are-whitepapers-losing-their-grip/): In the crypto space, who are investors listening to? Are they delving deep into whitepapers, or are they swayed by the charisma of crypto influencers? A new survey reveals a fascinating shift in how investors evaluate blockchain projects, highlighting the growing power of influencers in the crypto world. A recent survey conducted by cryptocurrency exchange platform Bitget polled 5,923 crypto community members on their approach to project evaluation. The results highlight a fascinating trend: while whitepapers remain important, their dominance is being challenged by the growing influence of influencers. The survey revealed that a significant majority (92.28%) of respondents still - [M2 Thwarts $13.7 Million Crypto Heist, Recovers Funds in Minutes](https://news.shib.io/2024/11/01/m2-thwarts-13-7-million-cyber-heist-recovers-funds-in-minutes/): Dubai-based cryptocurrency platform M2 reported a cybersecurity breach early Thursday, which involved a $13.7 million loss but was quickly mitigated within 16 minutes of detection.  The incident occurred at 3:16 AM (GMT+4) and was addressed by the platform’s security team by 3:32 AM. In a statement, M2 confirmed that the situation has been fully resolved, customer funds restored, and enhanced security protocols implemented. M2 assured users that it has taken full responsibility for the incident and is working with legal and regulatory authorities to ensure thorough follow-up on the matter.  “This incident underscores our commitment to protecting customer assets and - [ShibaSwap 2.0: Maximize Your Earnings](https://news.shib.io/2024/10/31/shibaswap-2-0-maximize-your-earnings/): ShibaSwap 2.0, the decentralized exchange platform for the Shiba Inu crypto project, has introduced a new feature that empowers users to take control of their earnings: variable fee tiers. This innovative system allows liquidity providers to choose from three distinct fee tiers – 0.05%, 0.30%, and 1.00% – each offering a unique balance of risk and reward. The concept is simple: higher fee tiers attract more trading volume, potentially leading to greater earnings from swap fees. However, this comes with a trade-off: higher fees can also deter traders, leading to lower overall volume. ShibaSwap 2.0: Navigating the Fee Tiers Choosing - [Unveiling of Satoshi Nakamoto 'Legal Identity' Has a Major Plot Twist](https://news.shib.io/2024/10/31/nakamoto-unveiling-legal-identity-has-a-major-plot-twist/): A press release promising the unveiling of the legal identity of Satoshi Nakamoto sent shockwaves through the crypto world, but the event, held today in London, turned out to be a far cry from the anticipated revelation. Instead of a groundbreaking announcement, the event descended into a chaotic spectacle, leaving journalists and attendees questioning the legitimacy of the claims. BBC News Cybercorrespondent Joe Tidy, who attended the event, chronicled the unfolding chaos on X, providing a firsthand account of the bizarre proceedings: “I’m at a London event billed as the ‘unveiling of the true legal identity of Bitcoin inventor Satoshi - [Trick or TREAT](https://news.shib.io/2024/10/31/trick-or-treat/): Read the latest edition of The Shib magazine here. - [Shiba Eternity Web3 Open Beta Is LIVE](https://news.shib.io/2024/10/31/shiba-eternity-web3-open-beta-is-live/): The wait is over, card game enthusiasts! Shiba Eternity Web3 Open Beta is finally here, and it’s bringing a whole new level of action, strategy, and rewards to the table. Get ready to level up your game, because this beta is packed with enough new features and updates to make your inner doge howl! This ain’t your average Open Beta, though. It’s open to everyone, from seasoned collectible card game pros to newbie pups just getting their paws wet. And the game? It’s better than ever. Tournaments with Teeth Think deck building, strategizing, and bragging rights are all you get? - [Asia Crypto Developers Now Outpace US - Report](https://news.shib.io/2024/10/31/asia-crypto-developers-now-outpace-us-report/): Asia crypto developers have now overtaken North America as the leading hub for cryptocurrency and blockchain development talent.  According to the fifth annual Electric Capital Developer Report, the share of Asia crypto developers worldwide increased to 32% in 2024, from 13% in 2015. This shift positions Asia at the forefront of the crypto development sector, surpassing North America, which saw its share decrease to 24% from 44% over the same period. Maria Shen, a general partner at Electric Capital, emphasized the importance of this shift in a recent X post: “Asia is now #1 for crypto devs. The US is - [MrBeast Profited $23M From Questionable Crypto Schemes - Report](https://news.shib.io/2024/10/31/mrbeast-implicated-in-multi-million-dollar-crypto-scheme/): YouTube influencer James Stephen “Jimmy” Donaldson, popularly known as MrBeast, continues to be at the center of allegations involving profitable but questionable cryptocurrency transactions.  A report by blockchain analyst and advisory firm Loock.io alleges that MrBeast, who has 320 million subscribers on YouTube alone, used his substantial social media influence to engage in insider trading and promotional schemes. These allegedly netted him some $23 million in questionable profits. Analysts from Loock.io, supported by blockchain expert SomaXBT, traced nearly 50 wallets linked to Donaldson. The data suggested a coordinated effort to promote certain crypto tokens before selling them off at peak - [Ex-FTX Executive Escapes Jail Time, but Not the Weight of His Crimes](https://news.shib.io/2024/10/31/ftx-executive-escapes-jail-time-but-not-the-weight-of-his-crimes/): A somber silence filled the Manhattan courtroom on the 21st floor as Nishad Singh, once a rising star in the crypto world, stood before Judge Lewis Kaplan. The former FTX executive, architect of the exchange’s complex technological infrastructure, had pleaded guilty to six criminal charges, admitting his role in the stunning collapse of the crypto giant that sent shockwaves through the industry. Yet, despite the gravity of his actions, Singh was spared a prison sentence, a decision that sparked debate and raised questions about the justice system’s response to the FTX saga. Singh’s fate, determined by a combination of his - [Not the Name, But the Proof: Satoshi Nakamoto to Reveal 'Legal Identity' in Historic Bitcoin Event](https://news.shib.io/2024/10/31/not-the-name-but-the-proof-satoshi-nakamoto-to-reveal-legal-identity-in-historic-bitcoin-event/): For over a decade, the name Satoshi Nakamoto has been whispered in hushed tones across the internet, a ghost in the machine, a figure of myth and legend. The creator of Bitcoin, the individual (or individuals) behind the world-altering invention of the digital currency, has remained shrouded in secrecy, fueling a global obsession to unmask the mastermind behind this decentralized revolution. But on Thursday, a portion of that mystery is set to unravel. A press release issued this week promises the official unveiling of Nakamoto’s “legal identity,” a revelation poised to send shockwaves through the cryptocurrency world. This announcement, timed - [The Shib Crypto Recap: Wednesday  ](https://news.shib.io/2024/10/30/the-shib-crypto-recap-wednesday-6/): The midweek crypto headlines are coming in hot, featuring a host of developments specifically surrounding global regulatory dynamics in the tech industry, significant investments in Bitcoin, cryptocurrency adoption on a large scale, and allegations that raise questions about integrity and accountability in the digital asset sector. Google’s YouTube Restrictions Lead to Astronomical Fine from Russia Google faces a huge fine from Russia of approximately 2 undecillion rubles, or $2.5 decillion after years of penalties for blocking pro-Kremlin media on YouTube. Russian state-affiliated outlets Tsargrad and RIA FAN initiated legal action after their channels were blocked. The fine started in 2020 - [DWF Labs Fires Partner Eugene Ng Over Drink Tampering Allegations](https://news.shib.io/2024/10/30/dwf-labs-fires-partner-eugene-ng-over-drink-tampering-allegations/): DWF Labs, a prominent player in the cryptocurrency space, faces a potential crisis as serious allegations have surfaced against one of its partners, Eugene Ng.  A Tokyo-based employee identified as Hana took to social media to share that Ng spiked her drink while they were at a bar. Hana’s lengthy post on X detailed the incident, claiming that Ng tampered with her drink multiple times while was away. Fortunately, a waiter alerted her to Ng’s actions before any further harm could occur. DWF Labs responded promptly, releasing a statement announcing Ng’s immediate dismissal from all management and operational roles. “We - [Google Hit with Startling $2.5 Decillion Fine in Russia](https://news.shib.io/2024/10/30/google-hit-with-startling-2-5-decillion-fine-in-russia/): Google is facing an unprecedented fine from Russia totaling approximately 2 undecillion rubles, equivalent to $2.5 decillion. This follows years of accumulated penalties tied to restrictions on Russian pro-Kremlin media. The penalty arose from legal actions taken by Russian state-affiliated media outlets Tsargrad and RIA FAN, which sued Google after blocking their YouTube channels. The fine reportedly started with daily penalties of 100,000 rubles in 2020 and has compounded weekly, according to an anonymous source cited by Russia’s RBC news website. Citing an unnamed source familiar with the court rulings, this accumulation allegedly stemmed from Google’s continued blocking of state-run - [MicroStrategy Bitcoin Investment Surges to $8.4B in Unrealized Profits](https://news.shib.io/2024/10/30/microstrategy-bitcoin-investment-surges-to-8-4b-in-unrealized-profits/): MicroStrategy’s investment in Bitcoin has reached $8.4 billion in unrealized profits under the leadership of its Executive Chairman Michael Saylor.  - [Bhutan Transfers $66.55M in Bitcoin to Binance Amid $72K Bull Run](https://news.shib.io/2024/10/30/bhutan-transfers-66-55m-in-bitcoin-to-binance-amid-72k-bull-run/): The Royal Government of Bhutan sold $66.55 million in Bitcoin (BTC) to Binance on Tuesday morning, marking its first such transfer in four months.  Analytics platform Arkham Intelligence wrote on X that the Himalayan kingdom now holds $889.36 million in Bitcoin, even as recent challenges affect its national mining operations. In fact, Arkham data shows that Bhutan ranks fourth internationally among government BTC holders. Bhutan’s Bitcoin mining is managed by Druk Holdings and Investments (DHI), Bhutan’s national investment arm, which has invested heavily in Bitcoin as part of its diversification strategy. Throughout 2023, Bhutan mining operations produced roughly 780 BTC - [Canadian Consumers Favor Cash Over Digital Currency: Report](https://news.shib.io/2024/10/29/canadian-consumers-favor-cash-over-digital-currency-report/): The Bank of Canada (BOC) recently published findings showing that Canadian consumers remain hesitant about adopting a digital dollar, preferring traditional payment methods such as cash and cards. This research is part of the BOC’s preparation for a potential central bank digital currency (CBDC). It reveals that fewer than 3% of Canadians have used Bitcoin or other cryptocurrencies for everyday purchases since 2022. This underlines the nation’s continued reliance on fiat-based payments. Mixed Reception for Digital Canadian Dollar According to the survey, Canadians have a mixed outlook on the idea of a CBDC. While 42% of participants held favorable initial - [Don't Just HODL: ShibaSwap 2.0 Introduces Concentrated Liquidity](https://news.shib.io/2024/10/29/shibaswap-2-0-dont-just-hodl-concentrated-liquidity-arrives-on-shibaswap-2-0/): The Shiba Inu ecosystem is no stranger to innovation, consistently pushing the boundaries of what’s possible in the world of decentralized finance. ShibaSwap, the community’s flagship decentralized exchange, has undergone a significant upgrade with the launch of version 2.0. Among its many enhancements, one feature shines particularly bright for savvy traders: concentrated liquidity. In the bustling marketplace of a decentralized exchange, liquidity is king. It’s the lifeblood that allows traders to seamlessly swap tokens, ensuring a smooth and efficient experience. ShibaSwap 2.0 takes liquidity to the next level, offering users greater control and potentially higher returns through concentrated liquidity pools. - [Ethena Labs Faces Backlash Over 180M ENA Token Allocation](https://news.shib.io/2024/10/29/ethena-labs-faces-backlash-over-180m-ena-token-allocation/): Ethena Labs, the organization behind the ENA and USDe tokens, faces scrutiny following revelations that 180 million ENA tokens have been allocated to sats farming, potentially diluting rewards for other participants. The Ethena team’s action has raised questions about their ethical practices, transparency, and long-term commitment to community trust. This is a critical element for a CeDeFi (centralized decentralized finance) project, where a significant portion of operations and decisions are not fully visible to the public. Alert: Important Notice for ENA/USDe Holders The Ethena team is currently using 180M ENA tokens (25% of SENA supply that earns sats) to farm - [Indonesia Sees Crypto Boom, Thanks to Young Investors](https://news.shib.io/2024/10/29/indonesia-sees-crypto-boom-thanks-to-young-investors/): Over 60% of crypto investors in Indonesia are aged 30 years and younger, according to a recent report from the Indonesian Commodity Futures Trading Regulatory Agency (Bappebti). The report revealed that 26.9% of crypto investors in the country are between the ages of 18 and 24 years, while 35.1% fall within the 25 to 30 age bracket. This statistic could indicate a growing trend of financial engagement and investment in digital assets among the nation’s youth, it said.  Bappebti’s head, Dr. Ir. Kasan, MM emphasized the importance of financial literacy for the younger adaptors. “Financial literacy, including an understanding of - [DOJ Charges AurumXchange Operator with Money Laundering Linked to Silk Road](https://news.shib.io/2024/10/29/doj-charges-aurumxchange-operator-with-money-laundering-linked-to-silk-road/): The U.S. Department of Justice (DOJ) has filed charges against Maximiliano Pilipis, operator of the cryptocurrency exchange AurumXchange, for alleged money laundering related to Silk Road transactions. According to a statement from the DOJ yesterday, Pilipis is accused of managing millions of dollars in cryptocurrency transactions through AurumXchange. Reports link some of the funds to accounts associated with Silk Road, the notorious darknet marketplace known for illegal activities, including drug trafficking. The DOJ states that Pilipis, 53, operated AurumXchange without licensing from 2009 to 2013. During that period, the DOJ estimates that the exchange processed over $30 million across approximately - [Hong Kong's ZA Bank Begins Sandbox Trial for Virtual Asset Trading](https://news.shib.io/2024/10/29/hong-kongs-za-bank-begins-sandbox-trial-for-virtual-asset-trading/): ZA Bank, Hong Kong’s largest virtual lender, announced a sandbox trial for its virtual asset trading service. The service aims to provide eligible retail investors in Hong Kong with a secure and streamlined trading experience within a regulated framework. The bank stated that the service aligns with Hong Kong’s fintech goals. It also offers a structured platform for retail investors interested in digital assets. Following a successful pilot phase, ZA Bank will initiate preparations to integrate this virtual asset service into its app for a full-scale release. Increased Interest in Crypto Trading Among Hong Kong Retail Investors ZA Bank highlighted - [Namguk Kim Denies Charges of Hiding Crypto Assets, Claims 'Unreasonable Indictment'](https://news.shib.io/2024/10/29/namguk-kim-denies-charges-of-hiding-crypto-assets-claims-unreasonable-indictment/): In his first court appearance, former South Korean Democratic Party lawmaker Namguk Kim denied accusations that he concealed vast cryptocurrency earnings to misrepresent his assets. He called the prosecution’s case “unreasonable.” Kim, who allegedly obscured holdings worth 9.9 billion won, argued the charges lack legal standing. He noted that virtual assets were not mandated for reporting under Korean asset disclosure laws. The first trial was held at the Seoul Southern District Court by Judge Woo-Yong Jeong of the court’s 9th Criminal Division. Kim is accused of obstruction of official duties for allegedly masking significant profits derived from virtual assets. These - [US Politics, Bitcoin Fuel Record $901M Digital Asset Surge](https://news.shib.io/2024/10/29/us-politics-bitcoin-fuel-record-901m-digital-asset-surge/): U.S. digital asset inflows reportedly surged by $901 million last week, pushing 2023’s total inflows to a record-breaking $27 billion — nearly triple the 2021 record. This is amid rising political interest and speculation in Bitcoin investments. According to a blog post on CoinShares Research, this movement marks a substantial increase from previous records and underscores the strengthening presence of digital assets in finance. The United States led the charge, contributing $906 million in inflows. Meanwhile, Germany and Switzerland saw moderate increases with inflows of $14.7 million and $9.2 million, respectively. In contrast, Canada, Brazil, and Hong Kong reported outflows - [Market Makers in Crypto: Heroes or Villains?](https://news.shib.io/2024/10/28/market-makers-in-crypto-heroes-or-villains/): Cryptocurrency has taken the financial world by storm, offering new opportunities and challenges. Among the many facets of this digital revolution is market making, a practice that ensures cryptocurrencies remain liquid and tradable. However, recent legal actions by the Securities and Exchange Commission (SEC) have brought to light the ethical and regulatory dilemmas that accompany this essential function. What Exactly Is Market Making? Imagine trying to buy or sell a cryptocurrency, only to find that there are no buyers or sellers. This is where market makers come in. They act as intermediaries, always ready to buy or sell, which keeps - [The Shib Crypto Recap: Monday](https://news.shib.io/2024/10/28/the-shib-crypto-recap-monday-4/): It’s a brand-new week, which means it’s a brand-new day of crypto, Web3, and tech news awaiting you. As we dive into today’s headlines, we find ourselves immersed in updates surrounding FTX repayment plans, a palpable surge in institutional interest in Bitcoin, cybersecurity concerns looming over the crypto landscape, and regulatory developments in crypto mining and artificial intelligence (AI). FTX and Bybit Reach $228 Million Settlement FTX and Bybit have settled a lawsuit for $228 million, enabling FTX to recover essential funds for customer repayments following its 2022 collapse. FTX will regain $175 million in digital assets from Bybit and - [Fintech Firm Circle Pushes Forward with IPO Plans](https://news.shib.io/2024/10/28/fintech-firm-circle-pushes-forward-with-ipo-plans/): Circle, the company behind the popular stablecoin USDC, is moving ahead with plans to enter public markets. In a recent interview with Bloomberg, CEO Jeremy Allaire emphasized the company’s strong financial position, stating that Circle requires no additional funding. The firm’s IPO aspirations follow its January 2024 filing of a draft registration statement with the U.S. Securities and Exchange Commission (SEC). This marks Circle’s second attempt to go public after a prior plan to merge with Concord Acquisition through a Special Purpose Acquisition Company (SPAC) was canceled in 2022, impacted by regulatory concerns and market turmoil linked to the FTX - [Bolivia’s Banco Bisa Introduces Regulated Crypto Custody for Tether USDT](https://news.shib.io/2024/10/28/bolivias-banco-bisa-introduces-regulated-crypto-custody-for-tether-usdt/): Bolivia’s Banco Bisa has introduced a custody service for Tether’s USDt stablecoin, allowing customers to buy, sell, and transfer the asset within a regulated framework.  This new service marks a step forward in Bolivia’s crypto landscape, which had previously imposed strict restrictions on digital assets. Banco Bisa’s offering enables users to hold USDt and use it for various transactions, including cross-border payments and sending funds to family members. According to Banco Bisa, Bolivia’s financial regulator, Autoridad de Supervisión del Sistema Financiero (ASFI) supports the custody service. Yvette Espinoza from ASFI stated that this initiative “allows clients to carry out crypto - [Hong Kong FSTB Issues New AI Policies for Financial Sector](https://news.shib.io/2024/10/28/hong-kong-fstb-issues-new-ai-policies-for-financial-sector/): The Hong Kong Financial Services and Treasury Bureau (FSTB) released a policy framework today focusing on responsible AI use within the financial services industry. The bureau, responsible for developing and enforcing financial policies, emphasized that AI deployment should enhance efficiency, security, and customer service standards across the sector. The FSTB also recommended a “dual-track approach” to foster innovation in AI while addressing potential challenges. According to the policy statement, Hong Kong’s financial services industry, which includes banking, securities, insurance, accounting, pension fund management, and green finance, is well-positioned to incorporate AI into operations. The FSTB plans to partner with financial - [Metaplanet Surpasses 1,000 BTC in Holdings After Latest October Purchase](https://news.shib.io/2024/10/28/metaplanet-surpasses-1000-btc-in-holdings-after-latest-october-purchase/): Japan-based tech firm Metaplanet reported that its Bitcoin reserves have exceeded the 1,000 BTC mark following its most recent acquisition today. The Tokyo-listed company revealed that it acquired an additional 156.78 BTC for approximately $10.4 million, raising its total Bitcoin holdings to 1,018 BTC, valued at around $68.8 million. This purchase is part of a series of acquisitions throughout October, making Metaplanet one of Asia’s largest publicly traded corporate Bitcoin holders and among the top 20 worldwide. Metaplanet’s October buying spree began on October 1, when it purchased 107 BTC for roughly $6.6 million, paying an average price of $61,932 - [BlackRock Nears Top Bitcoin Fund Status with $27 Billion Holdings](https://news.shib.io/2024/10/28/blackrock-nears-top-bitcoin-fund-status-with-27-billion-holdings/): BlackRock has significantly increased its investment in Bitcoin, now holding over 403,725 BTC valued at approximately $26.98 billion.  This surge follows the asset manager’s recent purchase of 34,085 BTC worth $2.3 billion in just two weeks, according to analytics platform Lookonchain. A related report by the Financial Times states that BlackRock is on track to become the largest operator of a Bitcoin fund globally. This marks a notable shift from the firm’s earlier skepticism regarding cryptocurrencies. Since launching its spot Bitcoin exchange-traded fund (ETF) four months ago, BlackRock accumulated $16.7 billion in assets, positioning it less than $1 billion behind - [FTX Secures $228 Million in Bybit Settlement to Repay Customers](https://news.shib.io/2024/10/28/ftx-secures-228-million-in-bybit-settlement-to-repay-customers/): FTX has reached a $228 million settlement with Bybit, ending a lawsuit and allowing FTX to recover substantial funds as it works to repay customers following its 2022 collapse. FTX will reportedly recover $175 million in digital assets held on Bybit’s platform and will sell additional holdings, including BIT tokens, to Bybit’s investment subsidiary, Mirana Corp., for $53 million. The legal conflict, initiated by FTX in 2022, stemmed from allegations that Bybit-linked accounts withdrew a significant $327 million from FTX just before the exchange’s financial implosion. This withdrawal, FTX argued, left its remaining customers unable to access their own funds - [Putin Shifts Russia Crypto Mining Oversight to Federal Tax Service](https://news.shib.io/2024/10/28/putin-shifts-russia-crypto-mining-oversight-to-federal-tax-service/): Russian President Vladimir Putin has enacted a law transferring Russia crypto mining oversight from the Ministry of Digital Development to the Federal Tax Service (FTS). This move is expected to expand government access to digital currency transactions and introduce new regional restrictions on cryptocurrency activities. This new law delegates control over the national registry of digital currency miners to the Federal Tax Service (FTS). It reassigns this critical administrative task and strengthens the FTS’ ability to monitor digital currency transactions and the broader cryptocurrency economy in the country. With this new authority, the FTS gains access to essential identifiers for - [Crypto Hacker Steals $20.7M from US Govt Wallet, Returns $6.1M](https://news.shib.io/2024/10/28/crypto-hacker-steals-20-7m-from-us-govt-wallet-returns-6-1m/): A crypto hacker returned $6.1 million to a U.S. government crypto wallet after initially stealing $20.7 million in digital assets. Analytics platform Onchain Lens reported that a U.S. government digital wallet was compromised in a high-profile hacking incident just a few hours ago, resulting in the theft of $20.7 million in cryptocurrency. The hacker quickly transferred funds across several wallets, using decentralized exchanges to convert stolen assets and route a portion of the funds to international crypto exchange platforms. The stolen assets included $13.7 million in aUSDC, $5.44 million in USDC, $1.12 million in USDT, and 178 ETH valued at - [The Weekly Meme Digest](https://news.shib.io/2024/10/26/the-weekly-meme-digest-22/): Your Weekly Dose of Crypto LOLs is Here! 😂🚀 Did someone say ‘meme time’? ⏰ You know what that means! The Shib’s Weekly Meme Digest has arrived, bringing you the freshest, dankest memes the crypto world has to offer. This week, we’ve got everything from rug pull lamentations to laser-eye prophecies. So grab your favorite meme-ing tools and get ready to laugh, cry, and question your life choices. Let’s go! 🎉” This week, we’ve got a buffet of bizarre and bewildering stories. A tech giant gives Bitcoin the cold shoulder… a hacker pulls off a multi-million dollar heist and then - [Lazarus Group Levels Up with Fake Blockchain Game in Crypto Heist](https://news.shib.io/2024/10/26/lazarus-group-levels-up-with-fake-blockchain-game-in-crypto-heist/): Hold on to your wallets, crypto fans! The notorious North Korean Lazarus Group is back, and this time, they’re gaming the system… literally! Kaspersky dropped the bombshell early this week, revealing that the Lazarus Group crafted a sneaky scheme using a fake blockchain tank game to plunder crypto wallets faster than you can say “blockchain.” 🕹️💰 🎲 Level 1: Exploiting Chrome’s Kryptonite Apparently, Lazarus found a flaw in Google Chrome (a “zero-day” for the techies out there) and decided to roll it into a video game that only looked fun. This “game” (or, let’s call it what it is—a malware - [Hackers Briefly Borrow $20M in Crypto from US Gov, Returns it (Mostly) Intact](https://news.shib.io/2024/10/26/hackers-briefly-borrows-20m-in-crypto-from-us-gov-returns-it-mostly-intact/): Breaking news in crypto-world absurdity: on Thursday, daring hackers made off with around $20 million from a U.S. government-controlled crypto wallet filled with seized funds from the infamous 2016 Bitfinex hack. Yet, in a plot twist nobody saw coming, the hacker decided to return $19.3 million of it less than 24 hours later. That’s right—the hacker voluntarily put back 88% of the funds. Why? Who knows! Perhaps they experienced a sudden ethical epiphany or decided they weren’t up for the hassle of laundering government crypto. 💁‍♀️ Hackers’ $700K “Keep-the-Change” Moment 💰 On-chain sleuths at Arkham Intelligence tracked the funds moving - [Microsoft to Bitcoin: Thanks, but No Thanks (We're Good With Clippy) ](https://news.shib.io/2024/10/26/microsoft-to-bitcoin-thanks-but-no-thanks-were-good-with-clippy/): So, Microsoft, the tech giant who brought us the joys of the Blue Screen of Death and Clippy the paperclip, has decided Bitcoin isn’t quite its cup of tea. Apparently, shareholders had the audacity to suggest dipping their toes into the crypto pool, prompting Microsoft to issue a swift and decisive “Nah, fam.” Their reasoning? Bitcoin’s too volatile. You know, unlike the stock market. 😂 Its annual shareholder meeting on December 9 has a menu of hot topics, but one proposal stands out: should Microsoft invest in Bitcoin? Spoiler: the board thinks absolutely not. In fact, they’ve advised shareholders to - [Cult-ured Currency: The Rise of AI-Generated Coins in the Meme Economy](https://news.shib.io/2024/10/26/cult-ured-currency-the-rise-of-ai-generated-coins-in-the-meme-economy/): There’s a new tumult brewing around AI-generated meme coins, and we’re here to investigate it! Say hello to AI cults. 🧙🏽🧹 As if meme coins aren’t controversial enough, the cult thing seems to be influencing a number of degens. 😬 Let me fill you in on the newest craze in the meme coin space: AI-generated tokens inspired by neo-religious themes. 🤖 Yep, that’s right! They’ve turned into this quirky new trend, and guess where you can find the majority of them. Where else? Of course, on Solana! Think digital cult with supporters bowing down to all-knowing AI. 🤩🙌🏼 It all - [Retail Bitcoin Investors: Snoozing Through the Party (Again)?](https://news.shib.io/2024/10/26/retail-bitcoin-investors-snoozing-through-the-party-again/): So, the whales are splashing around in the Bitcoin pool, while retail investors are… well, mostly chilling on the sidelines, sipping their lukewarm lemonade. According to CryptoQuant, retail Bitcoin holdings are growing slower than a snail in a molasses factory. Apparently, only 1,000 BTC have been added to retail wallets in the last 30 days. That’s like finding a penny on the sidewalk – exciting, but hardly life-changing. 🤏 Meanwhile, the big fish are gobbling up Bitcoin like it’s going out of style, adding a whopping 173,000 BTC since the start of the year. Retail? A measly 30,000 BTC. It’s - [Tether Under Scrutiny: Truth or FUD?](https://news.shib.io/2024/10/25/tether-under-scrutiny-truth-or-fud/): A specter is haunting the crypto world – the specter of a federal investigation into Tether, the stablecoin giant that underpins trillions of dollars in transactions. The Wall Street Journal’s report, citing anonymous sources, claims Manhattan prosecutors are scrutinizing Tether for potential sanctions violations and money laundering, raising the unsettling question: truth or FUD (fear, uncertainty, and doubt)? The Wall Street Journal’s bombshell alleged that prosecutors are investigating whether Tether has been used by third parties to fund illegal activities, including drug trafficking, terrorism, and hacking. The Treasury Department is reportedly considering sanctions against Tether due to its alleged use - [Shib Ups the Ante](https://news.shib.io/2024/10/25/shib-ups-the-ante/): Read the latest edition of The Shib magazine here. - [Crypto Trailblazers: How Five Innovators Found Financial Independence Through Digital Currency](https://news.shib.io/2024/10/25/crypto-trailblazers-how-five-innovators-found-financial-independence-through-digital-currency/): In an era marked by economic uncertainty, five individuals harnessed the power of cryptocurrency to achieve remarkable financial independence. Pioneers like Gavin Andresen, the Winklevoss twins, Jered Kenna, Charlie Shrem, and Jeff Garzik have transformed their fortunes through innovative thinking and early adoption, showcasing the potential of digital currencies to revolutionize personal finance. Gavin Andresen A pivotal figure in the early days of Bitcoin, Gavin became involved with the cryptocurrency shortly after its inception. He was introduced to Bitcoin by Satoshi Nakamoto, the mysterious creator of the currency. Andresen’s early contributions to Bitcoin’s development solidified his role as a leading - [South Korea Develops Crypto Monitoring System to Combat Financial Crime](https://news.shib.io/2024/10/25/south-korea-develops-crypto-monitoring-system-to-combat-financial-crime/): South Korea Deputy Prime Minister and Minister of Economy and Finance, Choi Sang-mok, announced on Thursday in Washington, D.C. the establishment of a virtual asset transaction monitoring system.  This initiative aims to ensure the integrity of transactions, particularly in light of rising concerns over cross-border transactions involving stablecoins like Tether. The announcement was made during Choi’s attendance at the G20 Finance Ministers’ Meeting. Choi underscored the need for such a system due to a troubling increase in illegal foreign exchange activities, including corporate tax evasion and money laundering linked to digital assets. “We will push for mandatory reporting of stablecoins - [Microsoft to Consider Bitcoin Investment in Shareholder Vote, Board Disagrees](https://news.shib.io/2024/10/25/microsoft-to-consider-bitcoin-investment-in-shareholder-vote-board-disagrees/): Microsoft has disclosed in an SEC filing that shareholders will vote on a proposal to invest in Bitcoin at their December 10 meeting. However, the company’s board has recommended voting against it, emphasizing that the proposal, introduced by a think tank shareholder, is not a priority for the tech giant. The filing stated that the “Board recommends a vote against this proposal.”  Adam Cochran (adamscochran.eth), Partner at CEHV shared, “this is a fringe proposal by a think tank shareholder, and is not a serious consideration by Microsoft at large.” Contrasting Crypto Strategies: BlackRock Embraces Bitcoin ETFs While Vanguard Stays Cautious - [US Government Crypto Wallet Moves $20M After Dormancy](https://news.shib.io/2024/10/25/us-government-crypto-wallet-moves-20m-after-dormancy/): After months of inactivity, a crypto wallet controlled by the U.S. government moved $20 million in funds, sparking speculations about its purpose in using decentralized finance (DeFi) services. The move, detected by blockchain analytics firm Arkham Intelligence, saw withdrawals in major stablecoins, including USD Coin (USDC) and Tether (USDT), from the DeFi platform Aave. The transaction trail, visible through Arkham’s platform, shows that the wallet initially withdrew $5.45 million in USDC, shortly followed by a second transaction of $1.12 million in USDT. Within minutes, these assets, alongside other holdings totaling $20 million, were moved to a newly created wallet address. - [Michael Saylor Defends Bitcoin Custody Comments After Backlash](https://news.shib.io/2024/10/24/michael-saylor-defends-bitcoin-custody-comments-after-backlash/): Michael Saylor, founder of MicroStrategy, has addressed the cryptocurrency community’s backlash regarding his recent comments on Bitcoin custody. Yesterday, Saylor clarified his stance on self-custody after facing criticism for suggesting that large financial institutions could serve as custodians for Bitcoin holders. In a post on X (formerly Twitter), Saylor stated, “I support self-custody for those willing and able, the right to self-custody for all, and freedom to choose the form of custody and custodian for individuals and institutions globally.” Saylor’s clarification came after his interview on Monday, during which he referred to certain members of the crypto community as “paranoid - [Lazarus Group Exploits Google Chrome Zero-Day Vulnerability in Crypto Attack](https://news.shib.io/2024/10/24/lazarus-group-exploits-google-chrome-zero-day-vulnerability-in-crypto-attack/): Cybersecurity leader Kaspersky has revealed an advanced malicious operation aimed at cryptocurrency, orchestrated by the North Korean Lazarus Group. Announced Wednesday, this campaign saw Lazarus leveraging a previously unknown flaw in Google Chrome through a counterfeit blockchain game. According to the report, the exploit facilitated the installation of spyware designed to hijack wallet details. The attack was identified in May 2024 and involved a fake blockchain-based game as a cover to install spyware aimed at stealing wallet credentials. The group took advantage of a flaw in Chrome’s V8 JavaScript engine, allowing them to gain control over targeted devices. This vulnerability, - [Radiant Capital Hacker Transfers $52M in Stolen Funds to Ethereum](https://news.shib.io/2024/10/24/radiant-capital-hacker-transfers-52m-in-stolen-funds-to-ethereum/): The hacker responsible for the recent theft from the decentralized finance (DeFi) protocol Radiant Capital has transferred nearly all of the stolen assets to the Ethereum network. Blockchain security firm PeckShield reported today that the exploiter moved around 20,500 Ether, valued at approximately $52 million, from layer-2 networks Arbitrum and Binance’s BNB Chain to Ethereum. PeckShield confirmed that “swapping to Ether quickly can help the hacker secure their funds before any preventative measures are taken by authorities or the issuers of centralized tokens.” Radiant Capital, a cross-chain DeFi lending protocol, was hacked for over $50 million in a cyberattack on - [The Verge Upgrade Explained: Ethereum Nodes on Your Phone?](https://news.shib.io/2024/10/24/the-verge-upgrade-explained-ethereum-nodes-on-your-phone/): Ethereum co-founder Vitalik Buterin has outlined the network’s upcoming upgrade, known as “The Verge.”  The upgrade is designed to improve Ethereum’s security and reduce the hardware requirements to run a node, allowing the network to operate on smaller devices such as smartphones and smartwatches. The Verge introduced a feature called “stateless verification,” which enables nodes to verify blockchain blocks without storing large amounts of data. Current Ethereum nodes require hundreds of gigabytes of state data to function. Buterin stated that this new approach will make verifying the blockchain affordable for all devices, including mobile and browser wallets and even smartwatches. - [Vietnam Launches National Blockchain Strategy 2025 to Boost Digital Economy](https://news.shib.io/2024/10/24/vietnam-launches-national-blockchain-strategy-2025-to-boost-digital-economy/): The Vietnamese government has issued Decision No. 1236/QD-TTg, establishing a National Strategy for the application and development of blockchain technology through 2025, with a vision extending to 2030. This strategy aims to position Vietnam as a leader in the blockchain within the region, capitalizing on the technology’s potential to drive economic growth and digital transformation. The National Blockchain Strategy, approved by Deputy Prime Minister Ho Duc Phoc, recognizes blockchain as a pivotal technology of the Fourth Industrial Revolution. It emphasizes the need for robust digital infrastructure that ensures data reliability and security, laying the groundwork for the development of Vietnam’s digital - [Argentina Crypto Outlook Brightens at Buenos Aires Tech Forum](https://news.shib.io/2024/10/24/argentina-crypto-outlook-brightens-at-buenos-aires-tech-forum/): Officials at a recent cryptocurrency conference in Buenos Aires expressed optimism about the future of digital currencies in Argentina, highlighting a shift in regulatory attitudes and new initiatives aimed at fostering sector growth. The Tech Forum event saw participation from key regulatory figures, including Alejandro Rodríguez Ariola, a lawyer for Argentina’s National Securities Commission (CNV), who emphasized the regulator’s evolving stance and active engagement in fostering technological advancements in the finance sector. Gonzalo Chiarullo, Director General of Investment Promotion and Foreign Trade for the City of Buenos Aires, moderated the event and spoke of the historical resistance of the CNV - [Crypto Trader Faces Accusations in North Korean Crypto Laundering Operation](https://news.shib.io/2024/10/24/crypto-trader-faces-accusations-in-north-korean-crypto-laundering-operation/): Using a network of aliases and operating in the shadowy world of over-the-counter cryptocurrency trading, a Chinese individual has allegedly facilitated the laundering of tens of millions of dollars for North Korea’s notorious Lazarus Group, allowing the hackers to convert stolen digital currency into untraceable cash. Yicong Wang, a Chinese over-the-counter (OTC) trader known by aliases such as Seawang, Greatdtrader, and BestRhea977, has been implicated in a sophisticated scheme that has enabled the Lazarus Group to convert tens of millions of dollars in stolen cryptocurrency to cash through various hacks since 2022, according to a recent report by on-chain sleuth - [Denmark to Levy 42% Tax on Unrealized Crypto Gains](https://news.shib.io/2024/10/24/denmark-to-levy-42-tax-on-unrealized-cryptocurrency-gains/): Danish crypto investors will soon face a new financial reality: a 42% tax on the paper profits of their digital holdings, even if they haven’t sold a single Bitcoin or Ethereum token. The levy, set to take effect in 2026, raises complex questions about the valuation of volatile cryptocurrencies and its potential impact on investment strategies. Denmark’s Tax Law Council has recommended taxing both unrealized gains and losses on cryptocurrencies held by Danish investors, potentially starting in 2026. The proposal, detailed in a 93-page proposal submitted Wednesday, aims to simplify the current tax system and address concerns about unfair treatment - [What Are Shiboshis? Exploring Shiba Inu’s Unique NFT Collection](https://news.shib.io/2024/10/24/what-are-shiboshis-exploring-shiba-inus-unique-nft-collection/): The cryptocurrency world is no stranger to innovation and creativity, and the Shiba Inu project is a prime example of this dynamic spirit. Originating as a meme coin, Shiba Inu has expanded its ecosystem to include a unique collection of Non-Fungible Tokens (NFTs) known as Shiboshis. This guide delves into what Shiboshis are, their benefits, and their role in the Shiba Inu ecosystem. What Are Shiboshis? Shiboshis are a collection of 10,000 unique NFTs launched by the Shiba Inu cryptocurrency project. Each Shiboshi is a one-of-a-kind digital collectible inscribed on the Ethereum blockchain—the epicenter of NFT culture and the platform - [ShibaSwap: Should You Use It? Discover the Benefits](https://news.shib.io/2024/10/24/shibaswap-should-you-use-it-discover-the-benefits/): As decentralized finance (DeFi) continues to gain traction, various platforms have emerged, each offering unique features and benefits. Among these, ShibaSwap stands out as a decentralized exchange (DEX) that is gaining popularity, particularly within the Shiba Inu community. In this article, we will explore ShibaSwap, highlighting its key advantages and uses. ShibaSwap: Overview Launched in July 2021, ShibaSwap is the official decentralized exchange (DEX) of the Shiba Inu cryptocurrency project. Built on the Ethereum blockchain, it is designed to provide a secure and user-friendly platform for cryptocurrency trading. ShibaSwap stands out by blending meme culture with robust DeFi functionality, capitalizing - [Shaping the Future of DevPortals: An Exclusive Interview with Anndy Lian](https://news.shib.io/2024/09/04/shaping-the-future-of-devportals-an-exclusive-interview-with-anndy-lian/): DevPortals are the hidden gems of the software development landscape providing developers with essential tools and resources. But as technology rapidly evolves, these platforms must adapt to stay relevant. In this exclusive interview, we explore the future of DevPortals with Anndy Lian, a leading expert in blockchain and decentralized technologies. Lian offers valuable insights into how blockchain, AI, and the metaverse can transform these platforms, creating more secure, transparent, and inclusive environments for developers. Decentralized DevPortals The Shib: How can blockchain technology be leveraged to create more secure, transparent, and community-driven dev portals, while addressing potential challenges like scalability and - [Pro-Crypto Attorney John Deaton Wins Republican Senate Nomination in Massachusetts](https://news.shib.io/2024/09/04/pro-crypto-attorney-john-deaton-wins-republican-senate-nomination-in-massachusetts/): John Deaton, a prominent pro-crypto attorney and advocate for Ripple (XRP), has won the Republican nomination for the U.S. Senate in Massachusetts. In the November general election, Deaton will face off against incumbent Democratic Senator Elizabeth Warren. Deaton’s victory marks a significant development in the Massachusetts senatorial race, with his campaign receiving substantial backing from the cryptocurrency industry. According to a report by the Associated Press, Deaton secured 64% of the vote in the Republican primary, defeating two other candidates—industrial engineer Bob Antonellis and Quincy City Council president Ian Cain. At the time of reporting, 43% of the total votes - [SEC's Galois Capital Crackdown Sparks Crypto Fury](https://news.shib.io/2024/09/04/secs-galois-capital-crackdown-sparks-crypto-fury/): The Securities and Exchange Commission’s (SEC) decision to penalize defunct crypto hedge fund Galois Capital for custody rule violations has ignited a firestorm of criticism within the cryptocurrency community. Many industry leaders and experts are denouncing the SEC’s actions as heavy-handed, counterproductive, and ultimately detrimental to the future of the U.S. crypto industry. Galois Capital, which shut down in February 2023 following losses incurred in the FTX collapse, agreed to pay a $225,000 civil penalty without admitting or denying the SEC’s findings. The SEC alleged that Galois failed to ensure that certain crypto assets were held with a qualified custodian, - [Bitcoin ATM Scams Surge, Targeting Older Adults With Fraudulent Schemes](https://news.shib.io/2024/09/04/bitcoin-atm-scams-surge-targeting-older-adults-with-fraudulent-schemes/): A troubling trend has emerged as fraudsters utilize Bitcoin ATMs to perpetrate scams, predominantly affecting the elderly.  According to data from the Federal Trade Commission (FTC) shared with NBC News, consumer losses from Bitcoin ATM scams have surged nearly tenfold since 2020, surpassing $110 million in 2023.  The data further added that a significant portion of these victims are older adults, with those over 60 being more than three times as likely to fall prey to these schemes compared to younger individuals. These scammers would mostly initiate their schemes by contacting potential victims under the guise of customer service representatives. - [X Accounts of Lara Trump, Tiffany Trump Hacked By Crypto Scammers](https://news.shib.io/2024/09/04/x-accounts-of-lara-trump-tiffany-trump-hacked-by-crypto-scammers/): The X accounts of Lara Trump, wife of Eric Trump (son of former U.S. President Donald Trump), and Tiffany Trump, daughter of the ex-president, were compromised on Tuesday evening to promote scam tokens.  Several news reports say that both accounts were used to highlight a new token allegedly tied to “World Liberty Financial” — a project the Trump family has recently been discussing. Both Lara and Tiffany Trump had previously tweeted about “the only official” blockchain addresses for World Liberty Financial, emphasizing the importance of their new governance token, $WL, which is designed to operate on the Solana network. Soon - [Korea Food Research Institute Employee Caught Running Crypto Mining Operation Using Stolen GPUs](https://news.shib.io/2024/09/04/korea-food-research-institute-employee-caught-running-crypto-mining-operation-using-stolen-gpus/): An employee of the Korea Food Research Institute (KFRI) was recently found to have secretly installed a cryptocurrency mining server within the institute, operating it for over a year in a secluded area, according to a report. The report, released on August 26, came out as a result of an audit conducted by the National Research Council of Science and Technology (NST), detailing the unauthorized activities carried out by the employee. Referred to as Director A, the employee is now facing dismissal as a result of the findings. In the report, it was revealed that Director A stole 12 high-end - [North Korean Crypto Heist Spree: ETFs Now in the Crosshairs](https://news.shib.io/2024/09/04/north-korean-crypto-heist-spree-etfs-now-in-the-crosshairs/): The U.S. Federal Bureau of Investigation (FBI) has issued a stark warning that North Korean state-sponsored hackers, notorious for their billion-dollar cryptocurrency heists, are now setting their sights on a new target: companies associated with cryptocurrency exchange-traded funds (ETFs). ETFs: A New Frontier for North Korean Hackers? The FBI warns that these prolific cybercriminals are expanding their scope to include companies associated with cryptocurrency ETFs and other related financial products. The agency’s alert highlights the hackers’ use of sophisticated social engineering tactics, often targeting individuals with advanced technical expertise within the DeFi and cryptocurrency sectors. These campaigns aim to deploy - [Do Kwon Shadow Looms: Wallet Linked to Disgraced Mogul Moves $62M in Bitcoin](https://news.shib.io/2024/09/04/do-kwon-shadow-looms-wallet-linked-to-disgraced-mogul-moves-62m-in-bitcoin/): A cryptocurrency wallet reportedly associated with Terraform Labs and its disgraced co-founder, Do Kwon, has transferred 1,075 Bitcoin—roughly $62 million —to a different address, raising questions about the fate of assets linked to the collapsed Terra ecosystem. The transfer, identified by blockchain analytics firm Arkham Intelligence on Monday, came as Kwon awaits extradition from Montenegro, where he is currently serving a four-month prison sentence for possessing forged travel documents. While it remains unclear whether Kwon directly orchestrated the transfer, the wallet’s historical connection to Terraform Labs has sparked speculation and concern within the crypto community. A Trail of On-Chain Clues - [Japan’s Financial Regulator Proposes Lower Taxes for Crypto Assets in 2025](https://news.shib.io/2024/09/04/japans-financial-regulator-proposes-lower-taxes-for-crypto-assets-in-2025/): Japan’s Financial Services Agency (FSA) has proposed changes to the country’s tax code for the fiscal year 2025, including new provisions related to the taxation of crypto assets. The FSA’s Aug. 30 request for tax reform outlined a plan to treat cryptocurrencies like traditional financial assets, potentially lowering the tax rates currently applied to crypto transactions. “Regarding the tax treatment of cryptocurrency transactions, cryptocurrency should be treated as a financial asset that should be an investment target for the public,” stated the FSA. The proposal also noted the need to “consider this issue from the perspective of whether it should - [Has Wall Street Hijacked Bitcoin? Hedge Fund Manager Sounds the Alarm on ETFs](https://news.shib.io/2024/09/04/has-wall-street-hijacked-bitcoin-hedge-fund-manager-sounds-the-alarm-on-etfs/): Veteran hedge fund manager Mark Yusko asserts that the introduction of Bitcoin exchange-traded funds (ETFs) has granted Wall Street a degree of control over the cryptocurrency’s price movements. In a recent interview with crypto podcaster Scott Melker, Yusko, the CEO and founder of Morgan Creek Capital Management, observed a lack of significant selling pressure in both spot and ETF Bitcoin markets. However, he attributed the recent Bitcoin correction to entities heavily shorting BTC in the futures market. Institutional Shorting: A Tactic to Accumulate Bitcoin at a Discount? Yusko posits that institutions are strategically shorting Bitcoin to artificially depress its price, - [StealthEX Adds Full Range of Shiba Inu Tokens for Seamless Swaps](https://news.shib.io/2024/09/04/stealthex-adds-full-range-of-shiba-inu-tokens-for-seamless-swaps/): StealthEX, a non-custodial cryptocurrency exchange known for offering limitless swaps, has announced that its platform now offers the complete Shiba Inu ecosystem tokens.  The announcement made yesterday via its official Twitter account confirms that users can now swap SHIB, BONE, and LEASH tokens along with over 1,500 other cryptocurrencies supported by the platform. “🔥 Attention #SHIBARMY! 🔥 Find the complete set of @Shibtoken assets on StealthEX! 🚀 Effortlessly swap 1500+ #crypto and get your hands on $SHIB, $BONE, $LEASH in just a few clicks,”  stated StealthEX. The exchange emphasized that users can perform swaps without registration or limits, offering a - [SHIB's TREAT Yourself Global Tour Invades KBW2024](https://news.shib.io/2024/09/04/shibs-treat-yourself-global-tour-invades-kbw2024/): The Shiba Inu “TREAT Yourself” Global Tour has made its highly anticipated stop at the prestigious Korean Blockchain Week (KBW2024). The tour, led by the visionary Kusama, has been captivating the Shiba Inu community with its exciting events and exclusive experiences. TREAT Yourself at The Korean Blockchain Week 2024 At the KBW2024, the Shiba Inu team set up a vibrant booth where attendees can immerse themselves in the Shiba Inu ecosystem. The booth features interactive displays, giveaways, and opportunities to connect with fellow Shib Army members.  One of the highlights of the booth is the exciting “Scratch and Win” promotion. - [Shiba Inu Burn Strategy Highlighted By Justin Sun](https://news.shib.io/2024/09/04/shiba-inu-burn-strategy-of-shiba-inu-acknowledged-by-justin-sun/): Shiba Inu, once dismissed as a mere meme coin, continues to exert a surprising influence on the cryptocurrency landscape. Justin Sun, the prominent founder of TRON, recently recognized the Shiba Inu burning style as the SunPump community decides on its own token burning strategy. On Tuesday, cryptocurrency entrepreneur Sun, whose estimated net worth hovers around $1.5 billion, weighed in on a proposed strategy for SunPump. “Regarding the issue of revenue buyback and burning for @sunpumpmeme,” Sun said, in an X post, “the community previously suggested burning liquidity provider (LP) tokens.” He noted that this tactic is employed by popular meme - [Bitcoin Seized from ‘Mastermind’ of Machete Crypto Robbery by Scottish Court](https://news.shib.io/2024/09/03/bitcoin-seized-from-mastermind-of-machete-crypto-robbery-by-scottish-court/): A Scottish court has seized £110,000 (around $144,000) worth of Bitcoin from John Ross Rennie, who was described as the “technical brains” behind a violent robbery in 2020 that targeted cryptocurrency. According to a BBC report on Monday, prosecutors in Scotland used proceeds of crime legislation to convert and seize the digital assets, marking what has been called a “Scots legal first.” Prosecutors converted the 23.5 Bitcoin into physical cash, totaling £109,601. Rennie, 29, was convicted of possessing stolen goods after a robbery at a home in Blantyre, Lanarkshire, where a man was forced to transfer Bitcoin during an assault. - [Ripple Lawyer Slams SEC for Inventing 'Crypto Asset Security' Term](https://news.shib.io/2024/09/03/ripple-lawyer-slams-sec-for-inventing-crypto-asset-security-term/): Ripple Labs’ chief legal officer Stuart Alderoty has criticized the United States Securities and Exchange Commission (SEC) for repeatedly using the term “crypto asset security,” stating that it lacks a legal basis.  He accused the SEC of attempting to mislead judges by introducing the phrase into legal arguments. Alderoty’s comments followed an SEC filing last Friday, where the agency warned that it might oppose any plan by the bankrupt crypto exchange FTX to use stablecoins to repay its creditors. The SEC’s filing mentioned that FTX’s portfolio includes “crypto asset securities.” Alderoty views this as part of the SEC’s effort to - [Binance Transfers South African Derivatives Users to Bahrain Subsidiary](https://news.shib.io/2024/09/03/binance-transfers-south-african-derivatives-users-to-binance-bahrain-subsidiary/): Binance announced on Tuesday that it will transfer its South African users who trade derivatives to its Bahrain subsidiary Bahrain B.S.C. (c) The crypto exchange shared in a blog post that this move will ensure “that it (Binance) continues to comply with its regulatory obligations and can continue to provide services for derivatives products to South African users.” The latter (Bahrain B.S.C. (c)) will now handle the provision of derivative services to South African residents. The company shared that Binance Bahrain will function as a Juristic Representative of FiveWest OTC Desk (Pty). This arrangement is said to ensure that Binance - [Russia Confiscates 238 Cryptocurrency Mining Rigs From Gardening Village](https://news.shib.io/2024/09/03/russia-confiscates-238-cryptocurrency-mining-rigs-from-gardening-village/): Russian authorities have confiscated 238 cryptocurrency mining rigs in the Irkutsk region, a well-known hub for Bitcoin mining. According to a report by state media outlet TASS, the The Investigative Committee of the Russian Federation for the Irkutsk Region conducted the raid in the Priangarye area. The mining rigs were found in a settlement associated with the Angarsky Bereg gardening partnership, a non-profit organization purportedly comprising agriculturalists working in rural areas. Officials stated that the illegal miners caused damages amounting to over 68 million rubles (around $758,000). The Investigative Committee said that the rigs were in the possession of residents - [Manhattan Judge Dismisses Dogecoin Price Manipulation Lawsuit Against Elon Musk and Tesla](https://news.shib.io/2024/09/03/manhattan-judge-dismisses-dogecoin-price-manipulation-lawsuit-against-elon-musk-and-tesla/): A Manhattan judge dismissed with prejudice a lawsuit accusing tech billionaire Elon Musk and his electric vehicle company, Tesla, of manipulating the price of Dogecoin (DOGE) through social media posts and public statements.  U.S. District Judge Alvin Hellerstein delivered the decision last Thursday. Musk had been facing allegations of using his platform and public appearances to influence the meme coin’s market value. Originally, the lawsuit was filed in 2022, claiming that Musk exploited his substantial Twitter (now X) following and his 2021 appearance on NBC’s “Saturday Night Live” to affect Dogecoin’s price.  Musk also faced allegations from investors about his - [Thai Authorities Raid Illegal Bitcoin Mine Caught Stealing Electricity](https://news.shib.io/2024/09/03/thai-authorities-raid-illegal-bitcoin-mine-caught-stealing-electricity/): Thailand’s police and electricity officials raided an illegal Bitcoin mine in Ratchaburi province last Friday, following frequent complaints of power outages in the area, local authorities said on Sunday. Local police, along with officials from the Provincial Electricity Authorities (PEA), searched a house suspected of operating as a Bitcoin mining operation on Friday. “We found bitcoin mining rigs, pointing to people using this house to operate a mine and using the power they didn’t fully pay for,” stated Jamnong Chanwong, chief district security officer. Authorities began investigating the location in mid-July after receiving reports of power outages, likely coinciding with - [Bluesky Soars with One Million New Users Amid Brazil's Ban on X](https://news.shib.io/2024/09/03/bluesky-soars-with-one-million-new-users-amid-brazils-ban-on-x/): Decentralized social media platform Bluesky welcomed one million new users within three days of Brazil banning its rival X.  BlueSky posted on X and praised Brazil for setting an example for new user signups. The app also ranked first place on the free iPhone app chart in Brazil on Tuesday.  Bluesky was co-founded and initiated by former Twitter (now called X) CEO Jack Dorsey, though he left the company in May 2024. The platform’s functionalities are a lot similar to X — it allows users to post text up to 300 characters, share images, and repost. The timing of new - [South Korea's FSS to Inspect Virtual Asset Exchanges for Illegal Transactions](https://news.shib.io/2024/09/03/south-koreas-fss-to-inspect-virtual-asset-exchanges-for-illegal-transactions/): South Korea’s Financial Supervisory Service (FSS) announced on Tuesday its plan to conduct an unprecedented inspection of virtual asset exchanges in the country. This move will be a novelty following the enactment of the stringent Virtual Asset Users Protection Act in July, which introduced severe penalties, including life imprisonment for illegal activities involving virtual assets valued at over 5 billion won (approximately $3.7 million). The FSS’s upcoming inspection will focus initially on two cryptocurrency exchanges that operate using Korean won-based crypto exchanges. The FSS categorized these cases as “unusual cases” identified during preliminary reviews.  Even though there are four known - ['Why Are You Doing This To Me?': Gambaryan Pleads Help From Prison Guard; Binance CEO Teng Outraged by 'Inhumane' Treatment](https://news.shib.io/2024/09/03/why-are-you-doing-this-to-me-gambaryan-pleads-help-from-prison-guard-binance-ceo-teng-outraged-by-inhumane-treatment/): Binance executive Tigran Gambaryan, detained in Nigeria on money laundering charges, was seen pleading for help as he limped into an Abuja courtroom on Monday, denied the use of a wheelchair. “This is a show. I’m a f*cking innocent person. Why are you doing this to me?” Gambaryan shouted to onlookers, visibly struggling to walk with only a single crutch. A video shared on social media captured his distress as he clutched a prison guard’s arm for support, only for the guard to refuse further assistance, citing orders. In response to the incident, Binance CEO Teng called for an end - [Qatar's Financial Regulators Launch New Framework for Digital Asset Creation and Regulation](https://news.shib.io/2024/09/03/qatars-financial-regulators-launch-new-framework-for-digital-asset-creation-and-regulation/): The Qatar Financial Centre Authority (QFCA) and the Qatar Financial Centre Regulatory Authority (QFCRA) have launched the QFC Digital Assets Framework, an innovative regulatory framework aimed at fostering the development and regulation of digital assets in the Qatar Financial Centre (QFC), according to a press release. The announcement, made on Sunday, said this initiative is part of the Third Financial Sector Strategy introduced by the Qatar Central Bank and represents a crucial aspect of the Third Financial Sector Strategic Plan. According to the release, H.E. Sheikh Bandar bin Mohammed bin Saoud Al Thani, Governor of Qatar Central Bank, said, “Launching - [Shiba Inu Set to Shine: Why the Next 12 Months Could Be a Game-Changer](https://news.shib.io/2024/09/03/shiba-inu-set-to-shine-why-the-next-12-months-could-be-a-game-changer/): Shiba Inu (SHIB) is poised for a significant surge in the next 12 months, according to a popular cryptocurrency influencer. Despite recent market fluctuations, Zach Humphries remained optimistic about SHIB’s long-term potential. In a recent YouTube video, Humpries noted that although SHIB may not replicate its past meteoric rise, he believed the asset remained poised for substantial growth. “Could SHIB 10x in this cycle? Could it set all-time highs? Hell yeah, it definitely can and most likely will,” he stated, noting that Ethereum’s performance would likely influence SHIB’s trajectory. Humphries stressed that patience was crucial in the cryptocurrency market. “We - [Buzz Reaffirms Crucial Role of K9 Finance DAO in Supporting Decentralized Governance](https://news.shib.io/2024/09/02/buzz-reaffirms-crucial-role-of-k9-finance-dao-in-supporting-decentralized-governance/): Buzz, the pseudonymous founder and developer of K9 Finance, emphasized the DAO’s pivotal role in fostering and maintaining decentralized governance within the crypto ecosystem. “In our DAO, we have recognized the need for dissenting opinions and voices in the room with different levels of context and unique ways of framing problems to make all stakeholders think differently from other angles,” Buzz said in an X post. He emphasized the importance of diverse perspectives within the decision-making process, stating, “This diversity of thought is essential for ensuring that our DAO remains fair, transparent, and accountable to all members. Buzz also expressed - [Bitcoin Struggles to Regain Footing After Price Slump](https://news.shib.io/2024/09/02/bitcoin-struggles-to-regain-footing-after-price-slump/): Bitcoin (BTC) continues to face headwinds as it attempts to recover from a significant price slump last week. The world’s largest crypto asset by trading volume remains below its previous week’s high, despite an uptick in trading volume. Bitcoin is trading at $58,445.42 as of 3:57 p.m. ET on Monday, latest data from CoinMarketCap showed. Over the past 24 hours, trading activity surged with volume rising by 28.38% to $27.63 billion.  Bitcoin’s price only saw a marginal change, edging up by 0.06% within the day despite increase in trading. Broader market trend, however, shows a more challenging environment for the - [Bitcoin Miners Record Lowest Revenue Month of 2024 in August](https://news.shib.io/2024/09/02/bitcoin-miners-record-lowest-revenue-month-of-2024-in-august-report/): Bitcoin miners recorded their lowest revenue month of 2024 in August, facing a significant drop in earnings compared to the previous month.  Data from The Block shows that miners generated $851.36 million from subsidies and fees in August, which is $99.75 million less than the revenue recorded in July. Of this total, $20.76 million came from on-chain fees, marking a decline of $4.14 million compared to the fees collected in July. August’s revenue figures are the lowest since September 2023.  At that time, Bitcoin was trading at around $25,000. Since then, Bitcoin’s price has more than doubled, reaching approximately $57,500 - [Shiba Inu Visionary Outlines Development Process and Governance Vision](https://news.shib.io/2024/09/02/shytoshi-kusama-explains-shiba-inu-development-process-and-vision-for-decentralized-governance/): Shytoshi Kusama, the visionary of Shiba Inu (SHIB) crypto project, explained the development process behind the project’s decentralized governance model and the vision for decentralized governance. In a blog post last Saturday, Kusama outlined the steps taken over the past two years to build a system beyond basic community voting and incorporate new security, reputation, and data sovereignty frameworks. He described the first year of development as a period of recognizing the need for a governance system that was both robust and more comprehensive than typical decentralized models. Furthermore, he stated, “During the first year we, through our experience with - [Shib Games Drops Eye-Watering News: More Hypercasual Games Coming as Agent Shiboshi Invades iOS](https://news.shib.io/2024/09/02/shib-games-drops-eye-watering-news-more-hypercasual-games-coming-as-agent-shiboshi-invades-ios/): Shib Games has dropped a bombshell that’s sure to send shivers down your spine (and maybe a little excitement too). Agent Shiboshi, the hypercasual game that’s been taking Android by storm, is finally making its way to iOS! But that’s just the tip of the iceberg since there’s even more exciting news from the team! So, the Shib-loving, cat-crushing elite have had their fun on Android, but now it’s your turn, iOS gamers. Agent Shiboshi is ready to leap from your pocket, save the day, and utterly consume your free time. Got your paws ready? The Shib invasion starts now. - [Security Breaches Hit Crypto Hard: $313 Million Stolen in August, Phishing Emerges as Top Threat](https://news.shib.io/2024/09/02/security-breaches-hit-crypto-hard-313-million-stolen-in-august-phishing-emerges-as-top-threat/): The cryptocurrency industry was hit hard by a spate of cyberattacks, leading to significant financial losses last month.  A recent report from PeckShieldAlert revealed that over ten major hacks occurred during the month, resulting in approximately $313.86 million in stolen funds. Approximately 93.5% of the total theft came from two large-scale phishing attacks, which together accounted for $293.4 million. The trend shows that phishing attacks were the most prominent threat in August, highlighting the ongoing vulnerability of the crypto space to deceptive practices. The first and largest phishing incident saw the theft of $238 million in Bitcoin (BTC). This was - [Crypto Exchange OKX Secures Major Payment Institution License in Singapore](https://news.shib.io/2024/09/02/crypto-exchange-okx-secures-major-payment-institution-license-in-singapore/): A leading cryptocurrency exchange, OKX, has secured a significant milestone by obtaining a full license in Singapore, known as the Major Payment Institution (MPI) license on Monday. Issued by the Monetary Authority of Singapore (MAS), this license will allow the exchange to facilitate crypto trading and cross-border transfers. OKX announced that the MAS had granted it the MPI license, which authorizes the exchange to offer a range of services, including cross-border money transfers and digital payment tokens. This license will allow OKX to exceed the typical volume limitations imposed on payment institutions in Singapore.  The exchange can now surpass the - [Bitcoin Borrower Ordered to Repay $1.2 Million in Crypto Loan Dispute](https://news.shib.io/2024/09/02/bitcoin-borrower-ordered-to-repay-1-2-million-in-crypto-loan-dispute/): In a groundbreaking judgment, a Canadian court ordered a defendant named Daniel Tambosso to repay $1.2 million to plaintiff Hung Nguyen last week. The Supreme Court of British Columbia concluded a legal battle over a loan that involved 22 Bitcoin (BTC) which Tambosso borrowed from Nguyen in September 2021. According to the ruling, “Mr. Nguyen is awarded damages against Mr. Tambosso for $1,240,106.22. Mr. Nguyen is also awarded court order interest on the above amount from Sept. 24, 2021.” Nguyen was introduced to Tambosso through a mutual acquaintance in September 2021. Back then, Tambosso had expressed a need for Bitcoin - [Shib Army Votes Down Burn Proposal Amid Kusama's Call for DAO Vote](https://news.shib.io/2024/09/02/shib-army-votes-down-burn-proposal-amid-kusamas-call-for-dao-vote/): The Shiba Inu community is locked in a high-stakes DAO vote over the fate of 37.5 ETH, with most SHIB holders voting down the proposal to burn the funds. As the clock ticks down on this critical decision, Shytoshi Kusama has called for participation, urging the community to take control of the future direction of the project and ensure transparency in how resources are managed. The Shib Army has until Wednesday to vote on one of four options for managing these funds. Choice 1 suggests moving the funds into a new multisig wallet controlled by five key community members, including - [Coinbase Legal Chief Calls Out SEC's Crypto Ambiguity in FTX Case](https://news.shib.io/2024/09/02/coinbase-legal-chief-calls-out-secs-crypto-ambiguity-in-ftx-case/): Coinbase’s Chief Legal Officer, Paul Grewal, has lambasted the U.S. SEC for its murky stance on the legality of crypto transactions tied to FTX’s bankruptcy. Grewal, along with other crypto industry players, accused the Securities and Exchange Commission of regulatory ambiguity, particularly when it comes to creditor repayments involving stablecoins. In a Sunday X post, Grewal blasted the SEC for its “overreach” and “unreasonable threats” against FTX creditors. “Why clarify the market when threats and aspersions will do? Investors, consumers, and markets deserve better. Way better,” the executive further commented. Grewal’s statements reflect ongoing frustrations in the crypto community about - [The Weekly Meme Digest](https://news.shib.io/2024/08/31/the-weekly-meme-digest-14/): Welcome, meme-lovers and crypto-crazies! Forget the usual snooze-fests—this week, we’re serving up the hottest, most hilarious news that’ll have you snickering at your screen. Think the SEC’s nitpicking NFTs is a dry topic? Think again! This edition of the Weekly Meme Digest is packed with laugh-out-loud moments, from Trump’s NFT collection that might just win the award for “Most Pixelated Comb-Over” to the sci-fi level cringe of Kamala Harris’s McDonald’s claims getting fact-checked by Snopes and the Golden Arches. 🍔🕵️‍♂️ But hold on tight, because we’re not done! Imagine AI agents using tokens in ways that would make even the - [AI Agents Are Buying Tokens: Is This the Robot Apocalypse We've Been Waiting For?](https://news.shib.io/2024/08/31/ai-agents-are-buying-tokens-is-this-the-robot-apocalypse-weve-been-waiting-for/): In a mind-boggling turn of events, AI agents have just entered the world of crypto, trading AI tokens with each other. It’s like a secret economy where robots are hustling, doing “useful work,” and who knows, maybe even planning their own escape from human dependency. 🤫 Imagine this: AI agents, the same ones that can write essays, code, and even generate convincing fake news, are now trading crypto tokens. It’s like a scene straight out of a sci-fi movie, except it’s actually happening right now. 🤯 But here’s the real kicker: What did one AI buy from another? A subscription - [The SEC's New Art Form: ‘Regulating’ NFTs One Wells Notice at a Time!](https://news.shib.io/2024/08/31/the-secs-new-art-form-regulating-nfts-one-wells-notice-at-a-time/): OpenSea has officially joined the ranks of an elite group of A-listers! But at what cost, you ask? Oh, you know, not much… just a Wells notice from our friendly neighbor, the SEC. An initiation rite if you will. ☠️🤭 The invite says, “We intend to take legal action against you soon – see you in court!” Sealed with a kiss from Gensler. 😘 Here we go again with the heated topic of debate (with one party not faring well – you know who) about whether or not NFTs are securities! 🤓 Just look at a Wells notice as the - [Crypto Scammer's Ultimate Makeover: Extreme Edition](https://news.shib.io/2024/08/31/crypto-scammers-ultimate-makeover-extreme-edition/): In a plot twist straight out of a sci-fi thriller (or maybe just a bad episode of Botched), South Korean police finally nabbed a crypto scam mastermind who thought he could escape justice by… wait for it… getting a new face. Yes, you read that right. Mr. Lee (because, obviously, we’re sticking to the mysterious generic surname for full dramatic effect), the genius behind a $12.1 million crypto mining fraud, decided the best way to evade a 10-month manhunt was by spending $15,900 on a brand new mug. 🤑 Mr. Lee’s tale is one for the blockchain history books. From - [Next-Level Cringe: McDonald's Flips the Script on Kamala Harris’s Fast-Food Fantasy](https://news.shib.io/2024/08/31/next-level-cringe-mcdonalds-flips-the-script-on-kamala-harriss-fast-food-fantasy/): Hold onto your Big Macs, folks! In the latest episode of “Politicians Say the Darndest Things,” our very own Kamala Harris has cooked up a whopper of a tale, claiming she once flipped burgers at McDonald’s. 🍟 But before you get too excited about the VP’s fast-food days, let’s dive into the deep fryer of fact-checking with a side of satire. McDonald’s Takes a Bite Out of the Claim Yes, you heard it right. Kamala Harris has been serving up a juicy story about her alleged McDonald’s stint from her college days, supposedly to connect with the working-class folks. But - [Trump’s $2M NFT Launch: America First Collection Brings Humor and Spectacle to Digital Trading Cards](https://news.shib.io/2024/08/31/trumps-2m-nft-launch-america-first-collection-brings-humor-and-spectacle-to-digital-trading-cards/): Take a deep breath and hang on, folks! Former President Donald Trump has once again entered the digital fray—this time with a new series of digital trading cards! 🤔 He took to his social media platform “Truth Social” with great fanfare and revealed TRUMP DIGITAL TRADING CARDS, Series 4: The America First Collection consists of 47,000 tokens, each priced at $99. Wait, wait, there’s more – within hours of the launch, the collection had raked in over $2 million, leaving critics and supporters alike wondering whether they were witnessing the birth of a new digital empire or just the latest - [Exclusive: K9 Finance Founder Reveals What’s Next After ETHToronto Hackathon Champions' Announcement](https://news.shib.io/2024/08/31/exclusive-k9-finance-founder-reveals-whats-next-after-ethtoronto-hackathon-champions-announcement/): Fresh off the heels of their ETHToronto hackathon bounty success, K9 Finance is setting its sights on nurturing the burgeoning Shibarium developer ecosystem.  In an exclusive interview, Buzz, the psuedonymous founder and developer of K9 Finance, the official liquid staking derivatives platform on Shibarium, outlined the DAO’s vision for the future, highlighting the critical role community-driven development plays in their roadmap. “Our mission and vision is to bring DeFi to Shib via Shibarium. These projects are more builders to come to the ecosystem from the areas of education & DeFi,” Buzz said, referring to the winners and participants at the - [Chinese Authorities Investigate Staff of Crypto Data Provider Feixiaohao](https://news.shib.io/2024/08/30/chinese-authorities-investigate-staff-of-crypto-data-provider-feixiaohao/): The staff of the largest simplified Chinese cryptocurrency market data website Feixiaohao is suspected of being arrested by the Chinese police and has reportedly been under investigation for over six months. The exact reason for the investigation remains undisclosed.  Feixiaohao is often compared to the popular global cryptocurrency data platform CoinGecko and has been a key player in the crypto ecosystem in China, providing market data, price tracking, and other relevant information for various digital assets.  A Chinese website revealed that the main business model of Feixiaohao is to cooperate with exchanges and project parties, making profits through inclusion fees, - [Major Law Firms Earn Over $750 Million in Crypto Bankruptcy Fees](https://news.shib.io/2024/08/30/major-law-firms-earn-over-750-million-in-crypto-bankruptcy-fees/): Major law firms have accumulated more than $750 million in legal fees from handling cryptocurrency-related bankruptcies, according to a Bloomberg Law analysis of court documents.  According to the document, 22 major law firms have been involved in seven Chapter 11 bankruptcies related to the crypto fallout since 2022. As of mid-August, these firms had been paid or requested fees totaling $751 million. The wave of legal work stemming from the collapse of several crypto firms is winding down. The cases are being compared to previous periods of industry-driven Chapter 11 surges, such as the oil and gas bankruptcies in 2015 - [Australia Becomes Third-Largest Market for Crypto ATMs Amid Money Laundering Concerns](https://news.shib.io/2024/08/30/australia-becomes-third-largest-market-for-crypto-atms-amid-money-laundering-concerns/): Australia has seen a nearly 17% increase in crypto ATMs over the past two years, making it the third-largest market for these machines, which the Australian authorities believe to be a “money laundering vulnerability.” Australia currently has around 1,162 machines, rising from 67 over the past year as per recent data from Coin ATM Radar. This indicates that around 1,000 ATMs were added in the April-May period when Australia had more than 1,000 active machines operating.  Blockchain analytics firm TRM revealed that crypto ATMs dominate the cash-to-crypto industry. It “has processed at least USD 160 million in illicit volumes since - [El Salvador’s Bitcoin Reserves Climb to $400 Million; President Bukele Says Strategy Is Working](https://news.shib.io/2024/08/30/el-salvadors-bitcoin-reserves-climb-to-400-million-president-bukele-says-strategy-is-working/): El Salvador’s President Nayib Bukele has described the country’s Bitcoin experiment as a partial success. In a recent interview with TIME magazine, Bukele acknowledged that cryptocurrency adoption has not met initial expectations, but the investment itself has proven profitable. “We offered it as an option, and those who chose to use it have benefited from the rise in Bitcoin,” he said. President Bukele stated that El Salvador’s Bitcoin holdings have significantly increased. The government initially invested $135 million in Bitcoin, and Bukele claims this amount has now grown to $400 million. “We have done well as a government,” he commented, - [Crypto Exchange Mudrex Wins Court Battle to Shut Down 38 Scam Websites](https://news.shib.io/2024/08/30/crypto-exchange-mudrex-wins-court-battle-to-shut-down-38-scam-websites/): Indian cryptocurrency exchange Mudrex recently achieved a significant legal victory in its fight against online scammers. The exchange asked India’s Ministry of Communication to take down 38 websites that used its name to carry out scams and con people.  The Delhi High Court passed the judgment within a day since the petition was filed. Mudrex took legal action after 15 people approached its customer support, with some of them visiting its office in India, declaring they were scammed.  Mudrex further revealed that the actual number of retail investors scammed could be 1,000 and the estimated loss could be more than - [Shiba Inu Grows Stronger: New SHIB Utility Expands Opportunities](https://news.shib.io/2024/08/30/shiba-inu-grows-stronger-new-shib-utility-expands-opportunities/): The Shiba Inu crypto project has achieved a significant milestone with the addition of SHIB as collateral for over 200 perpetual futures contracts on Kraken. This major development unlocks new opportunities for Shiba Inu holders, offering increased utility and potential for price appreciation. In a significant development for the Shiba Inu crypto project, Kraken, a leading cryptocurrency exchange, announced Thursday that SHIB can now be used as collateral for over 200 perpetual futures contracts. This new SHIB utility allows users to leverage their SHIB holdings to gain exposure to a wide range of assets, including major cryptocurrencies, indices, and commodities. - [Shibarium Gas Efficiency Surges, Record SHIB Burns Signal Bullish Momentum for the Shiba Inu Ecosystem](https://news.shib.io/2024/08/30/shibarium-gas-efficiency-surges-record-shib-burns-signal-bullish-momentum-for-the-shiba-inu-ecosystem/): As the Shiba Inu ecosystem continues to evolve, two key factors are signaling a bullish outlook for the future: Shibarium’s impressive surge in gas efficiency and a record-breaking burn rate of $SHIB tokens. Shibarium, the layer-2 scaling solution for the Shiba Inu ecosystem, has witnessed a remarkable surge in network activity. Average gas prices, which remained consistently low compared to other L2 networks, experienced a staggering 2000% increase from 23.46 on August 23 to 483.88 on Thursday.  This significant rise indicates growing adoption and usage of Shibarium, suggesting a positive outlook for the Shiba Inu ecosystem. The increase in average - [CertiK Faces Mounting Backlash Over $3 Million Kraken Hack After Blaming Rogue Employee](https://news.shib.io/2024/08/30/certik-faces-mounting-backlash-over-3-million-kraken-hack-after-blaming-rogue-employee/): Crypto security firm CertiK is facing a growing wave of criticism after attributing a June incident involving a $3 million withdrawal from the Kraken exchange to a rogue employee.  The incident, which also involved the use of the sanctioned privacy mixer Tornado Cash, has raised serious questions about the firm’s security practices and internal controls. On June 19, CertiK withdrew $3 million from Kraken, triggering immediate concern among crypto security researchers.   The subsequent discovery of funds being routed through Tornado Cash, a platform known for its ability to obfuscate transaction origins, further fueled the controversy. “These transactions were not executed - [BTSE Exchange Lists BAD Idea AI ($BAD) Token for Trading](https://news.shib.io/2024/08/30/btse-exchange-lists-bad-idea-ai-bad-token-for-trading/): BTSE Exchange announced the listing of the BAD Idea AI $BAD token, allowing users to trade it on their platform starting today.  According to the BTSE Exchange announcement on X (formerly) yesterday,  the token will also be available across BTSE’s network of over 20 white-label crypto exchanges, aiming to provide better liquidity and pricing options. Users will have the opportunity to trade BAD Idea AI tokens with the ticker K_BAD through various pairs, including K_BAD/USD, K_BAD/USDT, and K_BAD/USDC. Deposits for K_BAD were enabled at 4:00 AM Eastern Time (ET) yesterday, and trading and withdrawals will commence at 4:00 AM Eastern - [Do You Know How Much Ethereum's Vitalik Buterin Makes? The Answer May Surprise You](https://news.shib.io/2024/08/30/do-you-know-how-much-ethereums-vitalik-buterin-makes-the-answer-may-surprise-you/): Vitalik Buterin, the co-founder and public face of Ethereum, the second-largest cryptocurrency by market capitalization, is known for his groundbreaking work in blockchain technology. But when it comes to his personal finances, Buterin has taken a surprising path. While many might assume he’s raking in millions from his involvement in Ethereum, the reality is far different. Ethereum co-founder Buterin said Tuesday that the Ethereum Foundation pays him an annual salary of around $140,000, as the organization centered around Ethereum’s developers and researchers prepares a new spending report amid public scrutiny of its budget. The Canadian programmer helped establish the Swiss-based - [Trader Loses Over 1M to Scam Token from Hacked French Footballer Account](https://news.shib.io/2024/08/29/trader-loses-over-1m-to-scam-token-from-hacked-french-footballer-account/): A trader recently lost over $1 million in a single hour after purchasing a scam token endorsed by the hacked account of French football star Kylian Mbappé on Thursday.  The trader created a new digital wallet and spent 7,156 SOL (Solana), which is equivalent to approximately $1.03 million, to purchase a meme coin named $MBAPPE. The coin appeared to have been endorsed by Mbappé on social media. However, Mbappé’s account had been hacked, with the endorsement being part of a well-coordinated scam. Blockchain analytics platform Lookonchain broke the news on X. “Someone created a new wallet and spent 7,156 $SOL($1.03M) - [Indian Crypto App CoinSwitch Files Lawsuit Against WazirX: A New Chapter in Crypto Rivalries](https://news.shib.io/2024/08/29/indian-crypto-app-coinswitch-files-lawsuit-against-wazirx-a-new-chapter-in-crypto-rivalries/): Indian cryptocurrency platform CoinSwitch has initiated legal action against rival WazirX. This comes at a time when WazirX is struggling with the aftermath of a $230 million security breach, which happened last month.  CoinSwitch filed the lawsuit on Wednesday leaving the two players grappling over industry practices and competitive positioning.  An X post by CoinSwitch explained that despite its numerous efforts to seek an update on the recovery of the stolen funds, there hasn’t been any solution yet.  “It’s been over a month since WazirX, a major crypto exchange operating in India, claimed that a cyber attack on their platform - [Bitcoin Whale Withdraws 1,000 BTC From Binance Amid Market Pressure](https://news.shib.io/2024/08/29/bitcoin-whale-withdraws-1000-btc-from-binance-amid-market-pressure/): A Bitcoin whale, previously reported to have impacted the market by selling $467 million BTC in July, has made another move.  On Thursday, reports indicated that the whale withdrew 1,000 BTC, valued at approximately $59.6 million, from Binance, the world’s largest cryptocurrency exchange. The exchange became embroiled in a controversy involving funds from users in Palestine, with trading hours in the United States, in particular, experiencing a significant increase in sell-offs. Also, the whale withdrawal comes as Bitcoin continues to face selling pressure. Its price has decreased by 14% over the past 30 days and is trading around the $60,000 - [Trump Launches New NFT Collection: A Sign of Digital Collectibles’ Rising Popularity Among Prominent Figures](https://news.shib.io/2024/08/29/trump-launches-new-nft-collection-a-sign-of-digital-collectibles-rising-popularity-among-prominent-figures/): Former President Donald Trump has announced his newest digital trading card series which features 47,000 tokens, selling for $99 each. In the announcement made on social platform Truth Social, Trump unveiled the America First Collection, which immediately made headlines after generating more than $2 million in revenue on its first day. The launch was facilitated by Trump Media & Technology Group (TMTG), which also oversees the Truth Social platform. The digital trading cards present Trump in various themed settings, from historical scenes to patriotic imagery.   Crypto analysts like TylerD (@Tyler_Did_It) shared that Trump made around $1.7 million so far - [NFT Market Shows Resilience Amid Challenges as Sales Volumes Increase](https://news.shib.io/2024/08/29/nft-market-shows-resilience-amid-challenges-as-sales-volumes-increase/): NFT sales volume across major blockchains experienced significant gains in the past 7 days. According to CryptoSlam’s data, Polygon led with a 123.20% increase in sales over the last seven days. Other blockchains, including Ethereum and Solana, also experienced growth, with Ethereum showing a 32.79% rise and Solana noting a 12.13% uptick. Meanwhile, Bitcoin, which recently gained attention in the NFT space due to Ordinals, was the only major blockchain to experience a decline. CryptoSlam’s data shows that Bitcoin NFTs’ sales volume dropped by 7.01% during the same period. In addition to the sales volume increase, NFT buyers surged in - [Chinese Investors Face Heavy Losses in Crypto Investments Amid Market Downturn](https://news.shib.io/2024/08/29/chinese-investors-face-heavy-losses-in-crypto-investments-amid-market-downturn/): A recent survey of Chinese investors revealed that crypto enthusiasts have faced a difficult year. It noted that out of 574 respondents, around 59.8% reported losses in their crypto investments this year.  Among them, only 23% managed to see a profit. Out of the remaining lot (17.2%), people indicated their investments neither gained nor lost value, showcasing the volatile nature of the market in 2024, according to the survey.  Source: Colin Wu The crypto market struggles this year can be attributed to factors like tightening regulations, a global economic slowdown, and increased scrutiny from financial institutions.  Chinese investors faced an - [Telegram CEO's Legal Troubles Escalate as Indonesia Threatens Nationwide Telegram Ban](https://news.shib.io/2024/08/29/telegram-ceos-legal-troubles-escalate-as-indonesia-threatens-nationwide-telegram-ban/): Telegram CEO Pavel Durov has just been released from France, but his legal troubles are far from over. Durov is now grappling with a new challenge, this time from Indonesia, where his messaging platform is under the threat of a nationwide ban. Durov’s release on Wednesday came after a dramatic arrest at Le Bourget Airport near Paris. He was detained for complicity in organized crime, child pornography distribution, and drug trafficking through Telegram.  Even though he is out on bail, he is not allowed to leave France and is required to check in with the police twice a week.  Amid - [Treat Yourself](https://news.shib.io/2024/08/28/treat-yourself/): Read the latest edition of The Shib magazine here. - [Shiba Inu's DevPortal: Fueling Shibarium's Growth with Tools and Community](https://news.shib.io/2024/08/28/shiba-inus-devportal-fueling-shibariums-growth-with-tools-and-community/): Forget everything you thought you knew about decentralized finance (DeFi). The Shiba Inu ecosystem is unleashing a revolutionary force with the launch of Shiba Inu DevPortal – a siren song to the world’s brightest minds, beckoning them to build on Shibarium and usher in a new era of decentralized finance. The DevPortal is envisioned as a bridge between the worlds of Web3 and Web2 development. It provides a streamlined environment for both experienced and aspiring developers, offering tools and resources that simplify the process of building decentralized applications (dApps) on Shibarium. The goal is to attract a diverse community of - [Shib Games Unleashes Agent Shiboshi: Your Inner James Bond Awaits](https://news.shib.io/2024/08/28/holdshib-games-unleashes-agent-shiboshi-your-inner-james-bond-awaits/): Are you fed up with the mundane and itching for a shot of excitement? Whether you’re a gamer seeking to escape reality or someone who thrives on slaying dragons and conquering new worlds, Shib Games has something fresh and thrilling for you. Meet Agent Shiboshi, the latest creation from the Shiba Inu ecosystem that promises to cater to your inner secret agent. In a world where the Shadowcats reign supreme and chaos threatens to engulf the universe, Agent Shiboshi puts you in the driver’s seat as a daring hitman on a mission to save the day. This new game is - [Exploring the Rise and Impact of Meme Coins in Cryptocurrency: An Exclusive Interview with Bad Idea AI's Mr. Lightspeed](https://news.shib.io/2024/08/28/exploring-the-rise-and-impact-of-meme-coins-in-cryptocurrency-an-exclusive-interview-with-bad-idea-ais-mr-lightspeed/): Meme coins, once dismissed as mere internet fads, have emerged as a formidable force within the cryptocurrency landscape. What began as playful experiments inspired by viral humor has evolved into a complex phenomenon, capturing the imagination of millions and challenging traditional notions of digital assets. From Dogecoin ($DOGE) to Shiba Inu ($SHIB), these coins have not only defied expectations but have also become cultural icons and serious players in the financial world. However, the story of meme coins is far from straightforward. Their rapid ascent has sparked debates about their true value, sustainability, and impact on the broader cryptocurrency market. - [Unraveling the Mystery of Meme Coins: An Exclusive Interview with K9 Finance's Buzz](https://news.shib.io/2024/08/28/unraveling-the-mystery-of-meme-coins-an-exclusive-interview-with-k9-finances-buzz/): The wild and unpredictable world of cryptocurrency where market moves are often dictated by technological innovation, regulatory shifts, and global economic trends, witnessed the emergence of a new and unconventional force-memes. Meme coins, once dismissed as internet jokes, have begun to shape market dynamics in profound and unexpected ways. From the meteoric rise of Dogecoin to the community-driven surge of Shiba Inu, these digital assets have captured the imaginations of both seasoned investors and newcomers alike.  This phenomenon raises critical questions: How have meme coins managed to exert such influence on cryptocurrency trends, and what does their popularity say about - [Malaysian Police Dismantles Cryptocurrency Fraud Call Center Targeting Japanese Citizens](https://news.shib.io/2024/08/28/malaysian-police-dismantles-cryptocurrency-fraud-call-center-targeting-japanese-citizens/): In a groundbreaking development in Malaysia, the Royal Malaysian Police (PDRM) recently dismantled a cryptocurrency investment fraud call center reportedly targeting Japanese citizens.   The PDRM carried out two separate raids on two luxurious residential properties. It arrested 21 individuals, belonging to the age group 22-37. Sixteen Chinese men, a Chinese woman, a Laotian woman, two others from Hong Kong and Myanmar, and a local Malaysian man were apprehended. The director of the Bukit Aman Commercial Crime Investigation Department (CCID), Datuk Seri Ramli Mohamed Yoosuf, mentioned the likelihood of foreign suspects working as customer service representatives at the call center. - [HKMA Launches Ensemble Project Sandbox to Advance Tokenized Applications](https://news.shib.io/2024/08/28/hkma-launches-ensemble-project-sandbox-to-advance-tokenized-applications/): The Hong Kong Monetary Authority (HKMA) has launched the Ensemble Project Sandbox to promote the application of tokenization technology within the financial industry. HKMA announced on Wednesday that it completed the construction of Sandbox 1, which is designed to facilitate interbank settlements through experimental tokenized currencies. It will also explore tokenized asset trading.  As a part of the Ensemble Project Architecture Working Group, participating banks have already connected their tokenized deposit platforms to the Sandbox. This arrangement will help conduct future experiments in simultaneous cross-bank payment settlements, including the settlement of payments for goods and banks. The HKMA will focus on four - [OpenSea Faces SEC Crackdown: NFT Marketplace Accused of Selling Securities](https://news.shib.io/2024/08/28/opensea-faces-sec-crackdown-nft-marketplace-accused-of-selling-securities/): The NFT market has been thrown into turmoil as the Securities and Exchange Commission (SEC) issued a Wells Notice to OpenSea, threatening legal action against the platform. The SEC alleges that NFTs sold on OpenSea are securities, a move that could have far-reaching consequences for the burgeoning NFT ecosystem. OpenSea CEO and co-founder Devin Finzer took to X (formerly Twitter) on Wednesday to announce the news, expressing shock and defiance at the SEC’s decision. “We’re shocked the SEC would make such a sweeping move against creators and artists,” Finzer wrote. “But we’re ready to stand up and fight.” The SEC’s - [WazirX Files for Moratorium with Singapore High Court Following Cyberattack](https://news.shib.io/2024/08/28/wazirx-files-for-moratorium-with-singapore-high-court-following-cyberattack/): WazirX, an Indian cryptocurrency exchange took a major step in addressing its fallout from the cyberattack that happened last month. It filed for a moratorium on Wednesday with the Singapore High Court.  The move was made under the Insolvency, Restructuring, and Dissolution Act 2018 and aims to provide the necessary framework for restructuring the platform’s crypto liabilities through a Scheme of Arrangement. Using the moratorium, WazirX users can now develop and implement plans to help manage and restructure its financial obligations and serve its user base. It will also host a town hall meeting on September 2, 2024. The town - [The Mystery of Satoshi Nakamoto: Does the FBI Hold the Key?](https://news.shib.io/2024/08/28/the-mystery-of-satoshi-nakamoto-does-the-fbi-hold-the-key/): The mystery surrounding Satoshi Nakamoto, the enigmatic creator of Bitcoin, has deepened as new evidence seemingly suggests the FBI may have long known their true identity. For over a decade, the true identity of Nakamoto has remained one of the biggest mysteries in the cryptocurrency world. Investigative journalist Dave Troy recently attempted to shed light on this enigma by submitting a Freedom of Information Act (FOIA) request to the FBI. The FBI’s response was intriguing, to say the least.  They neither confirmed nor denied the existence of records on Nakamoto, citing a standard response used when dealing with inquiries about - [Australians Lose $180 Million to Crypto Scams in a Year, Says Federal Police](https://news.shib.io/2024/08/28/australians-lose-180-million-to-crypto-scams-in-a-year-says-federal-police/): The Australian Federal Police (AFP) issued a significant alert on Wednesday, disclosing that Australians have lost a minimum of $180 million to cryptocurrency investment scams over the past year. According to the AFP data, individuals under the age of 50 are the ones most targeted, surpassing older Australians. New data from the Australian Cyber Security Center (ACSC) also revealed that nearly half of the $382 million lost in investment scams involved cryptocurrency.  The AFP, along with the state and territory police, has launched a campaign called “Share a Story, Stop a Scam” to educate Australians on recognizing and avoiding scams, - [Vitalik Buterin Proposes Airdrops as a Testing Ground for Blockchain Identity Frameworks](https://news.shib.io/2024/08/28/vitalik-buterin-proposes-airdrops-as-a-testing-ground-for-blockchain-identity-frameworks/): Vitalik Buterin, the co-founder of Ethereum, has described airdrops as an ideal use case for testing blockchain-based identity and credential frameworks.  According to Buterin on X (formally Twitter), these frameworks aim to address several key objectives, making airdrops a suitable environment to test their effectiveness in a live setting. Buterin outlined four primary goals for airdrops: distributing tokens to genuine community members rather than random participants likely to sell immediately, rewarding individuals who contribute meaningfully to a project, maintaining a reasonably fair distribution while allowing some level of disparity, and preventing exploitation through extractive or adversarial tactics. He believes these - [Binance Rejects Claims of Seizing All Palestinian User Funds](https://news.shib.io/2024/08/28/binance-rejects-claims-of-seizing-all-palestinian-user-funds/): Binance, the world’s largest cryptocurrency exchange, has vehemently denied allegations that it seized the funds of all Palestinian users at the request of the Israel Defense Forces (IDF).  The exchange’s CEO, Richard Teng, has dismissed the claims as “FUD” (fear, uncertainty, and doubt), asserting that only a limited number of accounts linked to illicit activities were restricted. This statement has sparked a heated debate within the crypto community, raising concerns about the potential implications of centralized exchanges in politically sensitive situations. In a statement posted on X Wednesday, Binance’s CEO, Richard Teng refuted claims of NoOnes CEO Ray Youssef as - [Japan's Prime Minister Fumio Kishida Embraces Web3 and Blockchain for Social Innovation](https://news.shib.io/2024/08/28/japans-prime-minister-fumio-kishida-embraces-web3-and-blockchain-for-social-innovation/): Japan’s Prime Minister Fumio Kishida announced the crucial role of Web3 and blockchain in addressing social challenges in the nation on Wednesday. He made this statement through a video speech at the beginning of WebX 2024, a conference organized by CoinPost, a Japanese Web3 media company. The event took place at The Prince Park Tower in Tokyo. He began his speech with a video message that touched on the “New Capitalism” policy – one practiced by his current administration. Kishida noted that the decentralized nature of blockchain and technology could enhance transparency, boost security, and pave the way for building - [Haru Invest CEO Attacked During Fraud Trial in South Korea](https://news.shib.io/2024/08/28/haru-invest-ceo-attacked-during-fraud-trial-in-south-korea/): The CEO of bankrupt South Korean yield platform Haru Invest was attacked with a knife in a courtroom on Wednesday during a fraud trial.  South Korean media reported—citing sources familiar with the matter—that the incident occurred at the Seoul Southern District Court, where the executive faced charges related to the alleged embezzlement of millions in cryptocurrency. Hugo Hyungsoo Lee, the CEO of Haru Invest, was seated at the defendant’s bench when a victim of the company’s investment incident, identified as “Kang,” attacked him with a concealed 5 cm knife. According to reports, Kang, a man in his 40s, had been - [US Government's $239 Million Taliban Transfer (Could Have Been Prevented by Blockchain)](https://news.shib.io/2024/08/28/us-governments-239-million-taliban-transfer-could-have-been-prevented-by-blockchain/): In a staggering blunder, the U.S. government has inadvertently transferred $239 million intended for counterterrorism efforts to the Taliban, exposing critical flaws in oversight and transparency. This egregious oversight, which could have had dire consequences for national security and diplomatic relations, has sparked intense scrutiny with some calling for urgent reforms. A damning report by the Special Inspector General for Afghanistan Reconstruction (SIGAR) has revealed a shocking lack of oversight by the U.S. State Department, which may have led to $239 million in counterterrorism aid being inadvertently funneled to the Taliban. The SIGAR investigation examined over two dozen cases and - [Celsius Settles Two-Thirds of Debt Owed to Creditors Amid Bankruptcy Proceedings](https://news.shib.io/2024/08/27/celsius-settles-two-thirds-of-debt-owed-to-creditors-amid-bankruptcy-proceedings/): Celsius, a cryptocurrency lending and borrowing platform, has repaid approximately $2.53 billion to around 251,000 creditors, which is two-thirds of its eligible customers as of Monday. It gained significant attention in the past owing to its financial turmoils, which led to its bankruptcy in 2022.  A court ruling on Monday revealed the amount of funds being distributed to creditors, which is approximately 84% of the $3 billion worth of assets owed by Celsius to its 375,000 creditors.  Celsius was founded in 2017 by Alex Mashinsky and Daniel Leon. Within months of its operation, it quickly rose to prominence, allowing users - [Nasdaq Seeks Approval From SEC to Launch Bitcoin Index Options](https://news.shib.io/2024/08/27/nasdaq-seeks-approval-from-sec-to-launch-bitcoin-index-options/): Nasdaq is seeking regulatory approval from the U.S. Securities and Exchange Commission (SEC) to launch and trade options on a Bitcoin index.  The exchange operator announced this on Tuesday, aiming to provide institutional investors and traders with an additional means to manage their exposure to Bitcoin. The proposed index options would be linked to the CME CF Bitcoin Real-Time Index, which tracks Bitcoin futures and options contracts available on the CME Group’s platform. Matt Hougan, Chief Investment Officer at Bitwise, commented on the development, stating, “It’s important for options on Bitcoin to be available for this asset class to be - [Bitcoin ATMs Emerge as Key Tools for Scammers in Growing Fraud Cases](https://news.shib.io/2024/08/27/bitcoin-atms-emerge-as-key-tools-for-scammers-in-growing-fraud-cases/): Scammers are increasingly exploiting cryptocurrency ATMs and kiosks to swindle unsuspecting victims. In a recent case in Troy, Michigan, a woman who fell victim to a scam was directed to a Bitcoin kiosk at a local gas station. The fraudulent scheme began with an email requesting a refund for an alleged accidental overpayment of $3,966. Believing she owed the amount, the woman followed instructions to withdraw cash and deposit it into a Bitcoin ATM. After complying, the scammer claimed that not all the funds were received and demanded an additional $1,000. To resolve this, the woman was instructed to purchase - [Former US Bank CEO Sentenced for $47M Crypto Scam](https://news.shib.io/2024/08/27/former-us-bank-ceo-sentenced-for-47m-crypto-scam/): Former Heartland Tri-State Bank CEO Shan Hanes has been sentenced to more than 24 years in federal prison for stealing $47 million in a crypto scheme. The former CEO had transferred the funds from Heartland Tri-State Bank to various cryptocurrency wallets controlled by scammers after falling prey to a “pig butchering” scam. This eventually led to the collapse of the bank and the Federal Deposit Insurance Corporation (FDIC) taking over.  Hanes made a series of wire transfers over eight weeks. He also tried misappropriating funds from a local church, an investment club, and his daughter’s college savings account. He used - [Russian-Linked DDoS Attack Disrupts Multiple French Government Websites Following Telegram CEO's Arrest](https://news.shib.io/2024/08/27/russian-linked-ddos-attack-disrupts-multiple-french-government-websites-following-pavel-durovs-arrest/): In a digital act of defiance, a suspected Russian-linked DDoS attack has crippled multiple French government websites, seemingly in retaliation for the recent arrest of Telegram founder Pavel Durov. The cyber assault, which began shortly after Durov’s detainment, has disrupted critical government services and raised serious concerns about the potential for state-sponsored cyber warfare. Multiple French government websites, including the Administrative Court of Paris and the French Health Department, were knocked offline on Tuesday in a coordinated denial-of-service (DDoS) attack. Cybersecurity experts suspect the attack may be linked to Russian hacking groups, potentially in response to the recent arrest of - [SEC Charges Brothers Over $60 Million Crypto Ponzi Scheme](https://news.shib.io/2024/08/27/sec-charges-brothers-over-60-million-crypto-ponzi-scheme/): The U.S. Securities and Exchange Commission (SEC) has filed charges against Jonathan and Tanner Adam, accusing the brothers of running a $60 million cryptocurrency Ponzi scheme.  According to a complaint filed on August 26 in the U.S. District Court for the Northern District of Georgia, the brothers allegedly lured over 80 investors into the fraudulent scheme by promoting a fake crypto trading bot. The SEC’s complaint details that from January 2023 to June 2024, the Adams claimed their bot could generate monthly returns of 13.5% by exploiting arbitrage opportunities across different crypto platforms. They promised investors that the bot would - [Russia to Test Cryptocurrency for International Transactions, Effective September 2024](https://news.shib.io/2024/08/27/russia-to-test-cryptocurrency-for-international-transactions-effective-september-2024/): Russia is set to begin trials in adopting cryptocurrency for international transactions starting September 1, 2024. This signifies Russia’s efforts to operate independently without any Western sanctions.  This move marks a turnaround in Russia’s anti-crypto stance, and it will likely bring about a lot of ease in payments, streamlining transactions for cross-border trade.  The National Payment Card System will be leveraged to swap between rubles and cryptocurrencies in these trials. The NPCS already had preexisting functions, like interbank settlement and clearing features. The success of this initiative could mean Russia would have an alternative method for cross-border transactions.  Recently, the - [NoOnes CEO Accuses Binance of Seizing Palestinian Users' Funds at Israel Defense Forces' Request](https://news.shib.io/2024/08/27/noones-ceo-accuses-binance-of-seizing-palestinian-users-funds-at-israel-defense-forces-request/): Ray Youssef, CEO of trading platform NoOnes, is sounding the alarm, accusing Binance of seizing the funds of Palestinian users at the behest of the Israel Defense Forces (IDF). This explosive claim could set off a firestorm in the crypto community, sparking fierce debates over the power centralized exchanges wield in politically sensitive situations and the true autonomy of digital assets. Youssef alleged on Monday that “Binance has seized all funds from all Palestinians as per the request of the IDF. They refuse to return the funds. All appeals denied.” Youssef’s post also emphasized the safety of users’ funds at - [Bitcoin Millionaires Surge 111% to 85,400 in 2024 Amid Crypto ETF Boom: Report](https://news.shib.io/2024/08/27/bitcoin-millionaires-surge-111-to-85400-in-2024-amid-crypto-etf-boom-report/): A new report from Henley & Partners reveals a 111% increase in the number of crypto millionaires worldwide, bringing the total to 85,400.  The Crypto Wealth Report 2024, released on Tuesday, attributes this rise to the recent approval of U.S. spot Bitcoin ETFs, which has driven substantial institutional investment into the market. Dominic Volek from Henley & Partners stated that these approvals “unleashed a torrent of institutional capital,” noting that they have played a key role in pushing crypto adoption forward. Volek also mentioned the growing anticipation around potential Solana ETFs, which could further influence the market. In addition to - [French President Macron Defends Judicial Independence Amid Telegram CEO Arrest Controversy](https://news.shib.io/2024/08/27/french-president-macron-defends-judicial-independence-amid-telegram-ceo-arrest-controversy/): Just a few days after the dramatic arrest of Telegram CEO Pavel Durov, French President Emmanuel Macron chipped in to clarify the situation. In a direct and pointy post on X, he emphasized that the arrest of Durov was not a political decision, but a judicial one.  He affirmed the fact that France has always been deeply committed to the freedom of expression, communication, innovation, and entrepreneurship, and it will continue to champion these values. “I have seen false information regarding France following the arrest of Pavel Durov. France is deeply committed to freedom of expression and communication, to innovation, - [Elon Musk and Vitalik Buterin Champion California's AI Safety Bill: But Is It Enough?](https://news.shib.io/2024/08/27/elon-musk-and-vitalik-buterin-champion-californias-ai-safety-bill-but-is-it-enough/): Elon Musk and Vitalik Buterin, two of the most influential figures in the tech world, have thrown their weight behind California’s SB 1047 AI safety bill. However, questions remain about whether the bill will be sufficient to address the growing concerns surrounding the development and deployment of advanced AI systems. In a bid to address these anxieties, California has proposed a groundbreaking AI Safety Bill, California lawmakers have introduced SB 1047, a bill aimed at ensuring the safe development and deployment of advanced AI models. The bill has garnered support from prominent figures in the tech industry, including tech mogul - [Federal Court Rules in Favor of Kraken: Tokens on Platform Not Securities](https://news.shib.io/2024/08/26/federal-court-rules-in-favor-of-kraken-tokens-on-platform-not-securities/): The Federal Court for the Northern District of California passed a ruling on Saturday that no tokens trading on cryptocurrency platform Kraken will be considered securities.  Announced on X by Marco Santori, Chief Legal Officer for Kraken, this ruling indicates positive news for Kraken and the entire cryptocurrency space in general, reiterating Kraken’s stance that it doesn’t list securities on its platform.  “Today, the Federal Court for the Northern District of California ruled, as a matter of law, that none of the tokens trading on Kraken are securities. This is a significant win for Kraken, for the principle of clarity - [Buenos Aires Breaks New Ground: High School Students to Learn Ethereum Smart Contracts](https://news.shib.io/2024/08/26/buenos-aires-breaks-new-ground-high-school-students-to-learn-ethereum-smart-contracts/): Buenos Aires, the capital of Argentina, is taking a significant step as one of the first cities in the world to introduce blockchain technology to its high school education curriculum according to a press release.  Apart from this, there will be a Solidity course which will train around 500 students aged 18 and above. “This course will equip young adults with the skills needed to develop decentralized applications (dApps), further integrating blockchain into the local economy,” according to the release. The brainchild of the ETH Kipu Foundation along with the Ministry of Education in Buenos Aires, this approach represents an - [Vitalik Buterin Defends Prediction Markets Against 'Gambling' Misconceptions](https://news.shib.io/2024/08/26/vitalik-buterin-defends-prediction-markets-against-gambling-misconceptions/): Ethereum co-founder Vitalik Buterin recently highlighted a common misconception regarding prediction markets like Polymarket. He widely rejected the view that prediction markets must be classified as mere “gambling” platforms.  This post by Buterin showcased the important role that prediction markets play and why they have been growing in importance, attracting the attention of economists and policy experts.  In a post on X (formerly Twitter), Buterin revealed that it’s a massive misunderstanding to put Polymarket in the category of “gambling”. He also expressed his concerns about why people like economists and policy intellectuals are excited about Polymarket.  “Prediction markets are interesting - [Indian Crypto Exchange WazirX Rolls Out Partial INR Withdrawals](https://news.shib.io/2024/08/26/indian-crypto-exchange-wazirx-rolls-out-partial-inr-withdrawals/): Crypto exchange WazirX announced on Monday that it has initiated Phase 1 of INR withdrawals, allowing eligible users to withdraw up to half of the available 66% of their balances. The exchange also reduced withdrawal fees by 60%, lowering the fee from ₹25 to ₹10 to facilitate smoother transactions. In a post on X (formerly Twitter), WazirX informed users that only 66% of their INR balances would be accessible at this stage, with half of that amount available for withdrawal during Phase 1. The exchange’s CEO, Nischal Shetty, addressed user frustrations, apologizing for the delays and explaining that extensive checks - [India’s Retail CBDC Pilot Reaches 5 Million Users as RBI Urges Gradual Implementation](https://news.shib.io/2024/08/26/indias-retail-cbdc-pilot-reaches-5-million-users-as-rbi-urges-gradual-implementation/): India’s retail Central Bank Digital Currency (CBDC) pilot has reached over 5 million users, according to Reserve Bank of India (RBI) Governor Shaktikanta Das. Speaking at a conference in Bengaluru today, Das emphasized that there is no need to rush into a full-scale rollout of the CBDC without first acquiring a comprehensive understanding of its implications. Das stated, “There should not be any rush to roll out a system-wide CBDC before one acquires a comprehensive understanding of its impact on users, monetary policy, the financial system, and the economy.”  He further added that the CBDC could be “phased in gradually” - [Rumble CEO Flees Europe After Durov Arrest Sparks Concerns Over Free Speech and Tech Regulation](https://news.shib.io/2024/08/26/rumble-ceo-flees-europe-after-durov-arrest-sparks-concerns-over-free-speech-and-tech-regulation/): With the tech world on edge, Rumble CEO Chris Pavlovski has left Europe in the wake of Telegram CEO Pavel Durov’s arrest.  On Sunday, via an X post, Pavlovski updated his followers of his whereabouts: ‘I’m a little late to this, but for good reason — I’ve just safely departed from Europe.” He went on to denounce France’s actions, stating, “France has threatened Rumble, and now they have crossed a red line by arresting Telegram’s CEO, Pavel Durov, reportedly for not censoring speech. Rumble will not tolerate this blatant disregard for freedom of expression, a universal human right. We are - [Telegram Responds After CEO Pavel Durov Detained in France](https://news.shib.io/2024/08/26/telegram-responds-after-ceo-pavel-durov-detained-in-france/): Amid the shockwaves of Pavel Durov’s arrest in France, Telegram has issued a defiant statement, reaffirming its unwavering commitment to European Union regulations. The popular messaging app has assured users that its operations remain fully aligned with the Digital Services Act and that its content moderation practices continue to meet the highest industry standards. “Telegram abides by EU laws, including the Digital Services Act – its moderation is within industry standards and constantly improving,” the messaging platform emphasized on its statement on Sunday. The company also mentioned that its CEO Pavel Durov “has nothing to hide and travels frequently in - [Shiba Inu Whales Gobble Up Over 2T SHIB, Whales Power Play Could Signal Bullish Trend](https://news.shib.io/2024/08/26/shiba-inu-whales-gobble-up-over-2t-shib-whales-power-play-could-signal-bullish-trend/): Shiba Inu (SHIB) has experienced a surge in whale activity in recent days, with large holders strategically transferring over 2 trillion SHIB tokens among leading crypto exchanges. This move has sparked speculation that whales are accumulating SHIB at current low prices, potentially positioning themselves for a future price increase. According to on-chain data from Arkham Intelligence, these SHIB tokens were not simply held but were actively transferred between various exchanges, suggesting a deliberate and strategic approach. This whale activity has coincided with a broader trend of large SHIB transactions, indicating that more investors are accumulating the token at its current - [LEASH Takes Center Stage: Shytoshi Kusama Unveils Crucial Role in Shiba State](https://news.shib.io/2024/08/26/leash-takes-center-stage-shytoshi-kusama-unveils-crucial-role-in-shiba-state/): Shytoshi Kusama has unveiled the pivotal role that LEASH will play within the emerging Shiba State. With LEASH holders now positioned as key moderators and protectors of the system, the announcement marks a significant shift, placing LEASH at the heart of Shiba Inu’s evolving governance structure. The Shiba Inu ecosystem continues to evolve, and its latest development has brought LEASH, the Shiba Inu’s “Doge Killer” token, into sharp focus. Kusama, the enigmatic lead developer of Shiba Inu, has revealed a key role for LEASH holders within the upcoming “Shiba State” project. In a cryptic yet impactful tweet, Kusama declared: “Leash - [SHIB Poised For Over 400% Surge As Analysts Highlight Break From Technical Indicator](https://news.shib.io/2024/08/26/shib-poised-for-over-400-surge-as-analysts-highlight-break-from-technical-indicator/): Shiba Inu (SHIB) is poised for a meteoric rise, with analysts predicting a staggering 400% surge in its price. The catalyst for this bullish forecast lies in SHIB’s recent breakout from a long-term falling wedge pattern, a technical indicator that often signals a reversal of a downtrend. In a bold new analysis, crypto analyst Javon Marks (@JavonTM1 on X), has offered a compelling take on Shiba Inu’s (SHIB) recent price movements to their over 41k followers. According to Marks, SHIB has successfully broken out of a Falling Wedge pattern on the daily chart—an event that could potentially spark a significant - [The Durov Arrest: A Clash of Freedom, Security, and the Alleged Shadow of Israel](https://news.shib.io/2024/08/25/the-durov-arrest-a-clash-of-freedom-security-and-the-alleged-shadow-of-israel/): The world watched in shock as Pavel Durov, the founder of the encrypted messaging platform Telegram, was arrested at Le Bourget Airport in Paris over the weekend. His private jet, arriving from Azerbaijan, had barely touched down before authorities swooped in, detaining Durov on charges of facilitating criminal activities through Telegram’s lack of moderation.  The arrest sent shockwaves through the tech and crypto communities, sparking heated debate about free speech, online security, and the role of government oversight.  Durov’s history of defiance towards authoritarian regimes, notably his public rejection of Russian government requests to censor anti-government figures and his revelation - [The Weekly Meme Digest](https://news.shib.io/2024/08/24/the-weekly-meme-digest-13/): Hey there, crypto enthusiasts! Welcome to another edition of the Weekly Meme Digest, your one-stop shop for all things meme-y and crypto-crafty. It’s that time of the week again when we dive into the wild and wacky world where blockchain meets banter. Yes, it’s the Weekly Meme Digest, where your crypto dreams are as real as a Shiba Inu coin rally! 🎉 If you could memeify any crypto figure, who would it be? Would it be a Shiba Inu-faced Vitalik Buterin? A cat-eared CZ? Or maybe a Shiba Inu-inspired Elon Musk? Let us know in the comments below! Remember, folks, - [Kamala Harris Crypto Balancing Act: Will She HODL or Hammer Down ?](https://news.shib.io/2024/08/24/kamala-harris-crypto-balancing-act-will-she-hodl-or-hammer-down/): Buckle up, crypto bros and decentralized divas, because the blockchain world is about to get a jolt from an unexpected source: Vice President Kamala Harris. Yes, you heard that right! The same Kamala whose campaign team is packed with regulators who have been known to give crypto the side-eye is now apparently ready to “support policies” for industry growth. But before you start pouring champagne over your mining rigs, let’s dive into the absurdity of this political plot twist. 🍿 The Plot Thickens: A Tale of Two Campaigns Kamala Harris’ aide recently dropped a bombshell, suggesting that the VP is - [Binance, CZ, and the RICO Reveal: The Legal Drama You Never Knew You Needed!](https://news.shib.io/2024/08/24/binance-cz-and-the-rico-reveal-the-legal-drama-you-never-knew-you-needed/): Hey there, crypto enthusiasts and meme aficionados! Buckle up, because our weekly dive into the wacky world of blockchain just got a spicy new twist. Picture this: Binance and its enigmatic CEO, CZ, are now embroiled in a legal soap opera that makes your favorite Netflix drama look like a kiddie cartoon. 🎬💣 Last Friday, the Seattle federal court was graced with a class action lawsuit so juicy it could be served with a side of popcorn. The allegation? Binance is accused of being the ultimate crypto laundromat for hacked funds—a kind of “Money Laundering for Dummies,” but with real - [Sun Unleashes Memecoin Horde with SunPump™: Genius or Memegeddon?](https://news.shib.io/2024/08/24/sun-unleashes-memecoin-horde-with-sunpump-genius-or-memegeddon/): Move over, Dogefather , Justin Sun’s just a kennel of memecoin madness!  Justin Sun ditched diplomacy for memes! 🐕🚀 Tron launches SunPump™, a platform churning out Shiba Inu copycats 🐶 and Pepe knock-offs 🐸, threatening to flood the market. Is this visionary or the ultimate memepocalypse? ¯_(ツ)_/¯ SunPump™ targets Solana’s pump.fun, where transaction fees soared due to the bizarre hype for memecoins with the stability of a sandcastle 🏖️. Sun promises “enhanced rug pull prevention” 🛡️ (cue skeptical eyebrow raise 🙄), even partnering with Poloniex to list memecoins with enough “meme power” 💥 for a quick million 💵. Sounds like - [The Shib Crypto Recap: Friday](https://news.shib.io/2024/11/22/the-shib-crypto-recap-friday-4/): Recent developments in the cryptocurrency space include increased institutional and mainstream adoption, signaling a shift in investor sentiment. In the same breath, news of SEC leadership changes and a surge in phishing attacks are gaining traction. Meanwhile, a surge in Shibarium’s total value locked (TVL) highlights the strong performance of its key DeFi protocols. Institutional Adoption of Cryptocurrency and SEC Leadership Talks   Charles Schwab Corp. is preparing to join the spot cryptocurrency market, highlighting the asset class’s rising legitimacy. Incoming CEO Rick Wurster shared his personal perspective, admitting he hasn’t purchased crypto and now feels “silly,” during a Bloomberg - [Trump Media's 'TruthFi' Trademark Filing Hints at New Crypto Payment Service](https://news.shib.io/2024/11/22/trump-medias-truthfi-trademark-filing-hints-at-new-crypto-payment-service/): Trump Media & Technology Group (TMTG), the company behind Truth Social, has filed for a trademark for TruthFi, described as a platform intended to provide cryptocurrency payment solutions. This development represents the latest indication of the president-elect’s support for the cryptocurrency industry. The application, which was filed with the U.S. Patent and Trademark Office (USPTO) on Monday, outlined a platform designed to facilitate payment processing for cryptocurrency and fiat currencies, provide financial custody solutions, and enable trading of digital assets. Josh Gerben, a trademark attorney from Washington, told The New York Times that Trump Media’s filing aimed to secure the - [Teresa Goody Guillén Pushes for SEC Overhaul as Gensler Prepares to Exit](https://news.shib.io/2024/11/22/teresa-goody-guillen-pushes-for-sec-overhaul-as-gensler-prepares-to-exit/): Teresa Goody Guillén, the potential replacement to current U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler, responded on X to an official press release announcing the latter’s upcoming departure from the agency. Guillén stated that the SEC must restore trust, engage with industry, and end regulation by enforcement. “Make The SEC Great Again. Make Crypto Great Again,” Guillén tweeted, echoing President-Elect Donald Trump’s popular slogan. She also emphasized the move to protect investors and the country’s place on the world financial stage.  In a speech by Trump during the Bitcoin Conference 2024, he vowed to remove Gensler from his - [Spot Solana ETF Moves Closer to SEC Approval as Talks Advance](https://news.shib.io/2024/11/22/spot-solana-etf-moves-closer-to-sec-approval-as-talks-advance/): The U.S. Securities and Exchange Commission (SEC) is advancing discussions with issuers over the potential launch of a spot Solana ETF (exchange-traded fund) as it begins reviewing S-1 applications. Fox Business Journalist Eleanor Terrett, reports that global investment manager VanEck, 21Shares, and Canary Capital have all filed S-1’s for a Solana ETF. In addition, Bitwise Asset Management recently revealed plans to file an S-1, further expanding the number of firms seeking regulatory approval for cryptocurrency-related products. Terrett also writes that there is a “good chance” that 19b-4 filings will be made on behalf of prospective issuers, the next step in - [Scattered Spider Hacking Group Charged in Million-Dollar Multi-County Crypto Phishing Heist](https://news.shib.io/2024/11/22/scattered-spider-hacking-group-charged-in-million-dollar-multi-county-crypto-phishing-heist/): U.S. federal prosecutors have charged five individuals accused of stealing $11 million in cryptocurrency and sensitive data from people and businesses across multiple countries. On November 20, 2024, the California U.S. Attorney’s Office revealed charges against the group, alleging that they using phishing scams and SIM-swapping techniques to illegally access their victims’ accounts. Dubbed “Scattered Spider,” the hacking group victimized at least 29 individuals, with one even losing more than $6.3 million in cryptocurrency. Prosecutors also said that the group targeted 45 companies across the United States, Canada, India, and the United Kingdom. The defendants Ahmed Hossam Eldin Elbadawy (23) - [Charles Schwab Crypto Bet: A $8.85 Trillion Giant Prepares to Take the Plunge](https://news.shib.io/2024/11/22/charles-schwab-crypto-bet-a-8-85-trillion-giant-prepares-to-take-the-plunge/): The seismic shift in the crypto landscape continues, this time with a giant entering the fray. Charles Schwab Corp., a name synonymous with established finance, is preparing to enter the spot cryptocurrency market, a move signaling a profound acknowledgment of the asset class’s growing legitimacy and a strategic repositioning for one of Wall Street’s titans. Charles Schwab: Shift in Strategy? The seismic shift in the crypto landscape continued with a giant entering the fray. Charles Schwab Corp., a name synonymous with established finance, prepared to enter the spot cryptocurrency market, signaling a profound acknowledgment of the asset class’s growing legitimacy - [Shibarium Dominates: Crushing TVL Records, Surpassing 8M Blocks](https://news.shib.io/2024/11/22/shibarium-dominates-crushing-tvl-records-surpassing-8m-blocks/): Shibarium is shattering expectations, currently boasting a record-breaking Total Value Locked (TVL) and surpassing 8 million blocks. The Layer-2 scaling solution of the Shiba Inu ecosystem is demonstrating undeniable growth, outpacing predictions and solidifying its position in the crypto landscape. Shibarium: New TVL All-Time High Shibarium achieved a record-high Total Value Locked (TVL) of $8.12 million, according to data from DeFiLlama. This surge underlined strong performance across its key decentralized finance (DeFi) protocols, signaling growing investor confidence and expanding utility within the network. Leading the charge is K9 Finance DAO, a cross-chain liquid staking platform, which currently holds $3.57 million - [BONE ARMY RISES](https://news.shib.io/2024/11/22/bone-army-rises/): Read the latest edition of The Shib magazine here. - [The Shib Crypto Recap: Thursday](https://news.shib.io/2024/11/22/the-shib-crypto-recap-thursday-4/): Today’s crypto news highlights essential themes related to crypto’s far-reaching implications for governance and trust in financial systems, outcomes for key figures involved in crypto fraud, and the convergence of crypto and politics. Looking at the bright side, Shiba Inu (SHIB) is positioned for a substantial price leap as highlighted by an analyst’s forecast, and Shib Games has introduced the play-to-win mechanics of Shiba Inu Web3 games. Ex-CSRC Official in Hot Water Over Cryptocurrency Bribery Case Yao Qian, the former director of the science and technology supervision unit of the China Securities Regulatory Commission (CSRC), is embroiled in a cryptocurrency - [DeLorean Labs and Shiba Inu Team Up for Exclusive NFT-Chipped Action Figure Giveaway](https://news.shib.io/2024/11/21/delorean-labs-and-shiba-inu-team-up-for-exclusive-nft-chipped-action-figure-giveaway/): DeLorean Labs, in a move that’s revving up excitement in both the automotive and crypto communities,  has announced a unique collaboration with the Shiba Inu crypto project.  Two iconic brands collide in an unexpected giveaway. DeLorean and Shiba Inu are offering fans the chance to win exclusive action figure sets, hinting at a deeper collaboration. The initiative will see the release of 388 rare, custom-designed SHIB X DeLorean action figure sets, exclusively available as part of the DeLorean Time Capsule NFT prize pool. This exciting initiative is made possible through a partnership with ShibaCals, a platform revolutionizing the connection between - [How to Chase Glory in Shiba Eternity Web3 Tournaments Without Losing Your Tail](https://news.shib.io/2024/11/21/how-to-chase-glory-in-shiba-eternity-web3-tournaments-without-losing-your-tail/): So, you’ve been sharpening your deck in Shiba Eternity Web3 and feel ready to take on the big leagues? Tournaments are where the real card-slinging action happens, and luckily, getting involved is less complicated than teaching a Shiba to sit (and actually stay). First, sniff out the Tournaments Tab in the main menu—it’s your gateway to competitive card glory. Browse the events list, check out the entry requirements, and make sure your deck is ready for the challenge. Some tournaments are free, while others might demand a small entry fee, so be sure to pick one that fits your ambitions - [Ex-China Banking Official Yao Qian Named in Massive Crypto Bribery Scandal](https://news.shib.io/2024/11/21/ex-china-banking-official-yao-qian-named-in-massive-crypto-bribery-scandal/): Yao Qian, the former director of the science and technology supervision unit of the China Securities Regulatory Commission (CSRC), has been named in a high-profile cryptocurrency bribery scandal. The ex-official was accused of accepting bribes through cryptocurrencies, facilitating transactions involving the exchange of power for money. According to the country’s anti-corruption watchdog, the Central Commission for Discipline Inspection (CCDI), Yao disregarded politics, sought fame, “posed as a financial technology expert,” becoming a key target for those seeking to exploit his influence. The Paper writes that during his tenure at the CSRC, he misused his position to facilitate business expansion for tech - [Is Shiba Inu About to Explode? Over 55% Gains Predicted](https://news.shib.io/2024/11/21/is-shiba-inu-about-to-explode-over-55-gains-predicted/): Shiba Inu (SHIB) is teetering on the edge of a massive 55% price breakout, as technical patterns signal a potential surge to $0.000037—if the token can conquer the crucial $0.000025 resistance level, according to a recent forecast. Technical and on-chain analyst Ali Martinez shared to his over 85,000 followers on Thursday a new forecast on the price of Shiba Inu, highlighting the potential double-digit surge of around 55% from the token’s current price should it breakthrough the $0.000025 resistance. The core of Martinez’s prediction centers on a technical pattern known as a “bull flag.” This pattern, clearly visible on the - [Shib Games Drops Game-Changing Announcement—Play to Win!](https://news.shib.io/2024/11/21/shib-games-drops-game-changing-announcementplay-to-win/): Shib Games has just dropped a game-changing announcement that’s set to revolutionize the Web3 gaming world: play-to-win mechanics are now live! If you’ve ever fantasized about earning real rewards while playing your favorite Web3 games, it’s time to wake up and smell the crypto! Shiba Inu’s entire game lineup is now supporting play-to-win mechanics, and it’s not just about flexing your gaming skills anymore – you can actually win prizes. Yes, we’re talking about crypto tokens, in-game items, airdrops, and more. It’s the crypto gaming future, and it’s a whole lot more fun than you think. This new play-to-win feature - [Former FTX Exec Gary Wang Avoids Jail Time in Crypto Fraud Case](https://news.shib.io/2024/11/21/former-ftx-exec-gary-wang-avoids-jail-time-in-crypto-fraud-case/): Former FTX chief technology officer Gary Wang has evaded jail time. Despite his involvement in the cryptocurrency fraud orchestrated by former CEO Sam Bankman-Fried, a judge opted for leniency. According to reports, U.S. District Judge Lewis Kaplan sentenced Wang to three years of supervised release and required him to surrender funds linked to his involvement in the crypto scheme. In December 2022, Wang pled guilty to four felony counts of fraud and conspiracy. Wang was a prosecution witness and testified against Bankman-Fried in 2023 at the trial that led to the latter’s conviction on fraud and related charges.  In addition, - [Trump Team Eyes First-Ever White House Crypto Role](https://news.shib.io/2024/11/21/trump-team-eyes-first-ever-white-house-crypto-role/): U.S. President-elect Donald Trump’s team is reportedly discussing the implementation of a White House crypto role solely dedicated to digital assets.  Trump’s team is said to be consulting with industry leaders to assess whether the position is necessary. If established, it would mark the first time a U.S. administration has created an exclusive role at the highest levels of government focused specifically on digital assets. Bloomberg reports that talks of these developments and the vetting of potential candidates are reportedly taking place at Trump’s Mar-a-Lago residence. Additionally, reports indicated that the new position would oversee a small team tasked with - [Wednesday Crypto News Recap](https://news.shib.io/2024/11/21/wednesday-crypto-news-recap/): The cryptocurrency world was buzzing on Wednesday, with crypto news and developments spanning from market concerns to regulatory shifts.  Shiba Inu’s ecosystem remained in the spotlight, with revelations that a single whale now controls a staggering $2.5 billion in tokens, raising alarms about the centralization of power within the community. At the same time, Mint Club made a bold move by integrating Shiba Inu’s Shibarium blockchain into its platform, hoping to capitalize on the growing demand for scalable, low-cost transactions. In a positive moment for the Shiba Inu community, The Shib, the official publication of the Shiba Inu crypto project, - [Shiba Inu $2.5 Billion Secret: A Single Whale Reportedly Controls 10% of the Supply](https://news.shib.io/2024/11/20/shiba-inu-2-5-billion-secret-a-single-whale-controls-10-of-the-supply/): The veil lifts on the biggest secret of Shiba Inu. A single whale, hidden in plain sight, emerges with a $2.5 billion treasure trove, reportedly controlling 10% of the supply.  A new revelation exposed the massive holding this week, which sent ripples through the Shiba Inu community, raising questions about potential market manipulation and the true nature of decentralization. An enigmatic entity, or “whale,” has been identified holding a staggering 10% of the total supply of SHIB tokens, valued at approximately $2.5 billion, according to data unearthed by Bubblemaps, a web-based visualization tool used to track cryptocurrency flows. The Shiba - [Deepfakes of Trump, Musk, Used in Crypto Scam Ads, Russian Firm Reports](https://news.shib.io/2024/11/20/deepfakes-of-trump-musk-used-in-crypto-scam-ads-russian-firm-reports/): Russian company FACCT, developer of technologies to fight cybercrime, has reported that video and audio deepfakes of US President-elect Donald Trump had been used in fraudulent advertisements for fake cryptocurrency resources. FACCT reported that a new crypto scam bot had been circulating on a popular chat app that allowed users to “create deepfakes” using the faces of several famous celebrities. Apart from Trump, the bot also created deepfake videos of the Founder and CEO of SpaceX Elon Musk, and American journalist Tucker Carlson. Bot users could also create audio files featuring any text, up to 400 characters long.  The firm - [Mint Club Bets Big on Shibarium: A Calculated Move in the Decentralized Arena](https://news.shib.io/2024/11/20/mint-club-bets-big-on-shibarium-a-calculated-move-in-the-decentralized-arena/): Mint Club is making a strategic wager on Shibarium, betting that the layer-2 network’s speed, low cost, and vibrant Shiba Inu community will be a winning combination in the decentralized arena. Following Shiba Inu’s announcement that it is opening its doors to developers and ERC-20 tokens, Mint Club did not waste time and posted on X that it “successfully added Shibarium” to its platform. This integration allows users to create and manage tokens on Shibarium, leveraging Mint Club’s user-friendly interface and the network’s faster, cheaper transactions.  Mint Club’s marketing lead, Jay Jang, explained in an exclusive interview with The Shib - [Coinbase Delists Wrapped Bitcoin: A Power Play or a Necessary Move?](https://news.shib.io/2024/11/20/coinbase-delists-wrapped-bitcoin-a-power-play-or-a-necessary-move/): Coinbase is delisting Wrapped Bitcoin (WBTC), and the crypto world is asking: why? The move has sparked accusations of favoritism towards Coinbase’s own tokenized Bitcoin product, cbBTC, and ignited a broader discussion about the balance of power in the decentralized finance space. Coinbase Announces Delisting The delisting announcement, which occurred earlier this week, sent ripples of concern throughout the crypto community. Wrapped Bitcoin, a long-standing and widely used tokenized version of Bitcoin deeply integrated with various DeFi protocols, faced removal from a major cryptocurrency exchange. This threatened disruption to established systems and raised questions about Coinbase’s motives. The WBTC team - [Haru Invest Declares Bankruptcy After $1B Crypto Scam in South Korea](https://news.shib.io/2024/11/20/haru-invest-declares-bankruptcy-after-1b-crypto-scam-in-south-korea/): The Seoul Rehabilitation Court has officially declared Haru Management Limited, the operator of Haru Invest, bankrupt following a so-called “rug pull” incident that defrauded investors of 1.4 trillion won (approximately $1 billion USD).  Local news reports that Haru Invest enticed more than 16,000 investors by promising secure principal protection and offering high returns on cryptocurrency deposits between March 2020 and June 2023. However, in June 2023, the operation fell apart when the platform abruptly halted withdrawals, causing widespread panic. The company was then declared insolvent due to its inability to repay debts.  Despite the company’s incorporation in the British Virgin - [Crypto Romance Scam Dupes 71 Victims in $5M FBI Probe](https://news.shib.io/2024/11/20/crypto-romance-scam-dupes-71-victims-in-5m-fbi-probe/): The U.S. Federal Bureau of Investigation (FBI) has launched an inquiry into a $5 million crypto romance scam that defrauded 71 victims across the United States. Dubbed “pig butchering,” the operation targeted older adults by using fake social media profiles to build trust before convincing them to invest in fraudulent cryptocurrency platforms. The scammers involved were said to have posed as potential romantic partners through platforms such as WhatsApp, building trust with their victims over an extended period of time before encouraging them to shell out money.  Victims were then directed to Bitkanant, a fraudulent trading platform designed to mimic - [Trump's Reported SEC Pick Could Be Teresa Goody Guillén](https://news.shib.io/2024/11/20/trumps-reported-sec-pick-could-be-teresa-goody-guillen/): President-elect Trump’s transition team is reportedly eyeing Teresa Goody Guillén, a seasoned lawyer with deep experience in both the U.S. Securities and Exchange Commission (SEC) and the cryptocurrency industry, to become the next SEC chair. New SEC Chief? The news, first reported by CoinDesk, sent ripples through the crypto community, sparking a mixture of hope, apprehension, and intense speculation. Guillén, a partner at the law firm BakerHostetler and co-lead of its blockchain practice, possesses a unique background that perfectly straddles the traditional financial world and the burgeoning crypto sector.  Her resume boasts experience not only working within the SEC but - [Shaq's NFT Venture Concludes with $11 Million Settlement ](https://news.shib.io/2024/11/20/shaqs-nft-venture-concludes-with-11-million-settlement/): Eleven million dollars. That’s the price Shaquille O’Neal paid to settle a class-action lawsuit alleging the sale of unregistered securities through his promotion of the Astrals NFT project—a stunning blow that underscores the regulatory Wild West of the cryptocurrency market and the perilous risks of celebrity endorsements. The Astrals NFT Project Implodes The lawsuit, filed in September 2023, centered on O’Neal’s promotion of Astrals, a collection of 10,000 metaverse-ready 3D avatars. Plaintiffs argued persuasively that O’Neal’s celebrity was the project’s main selling point, directly inducing investors to purchase Astrals NFTs and GLXY tokens based on his endorsement.  They successfully contended - [Trump Just Put Shiba Inu on Everyone's Radar: What Happens Next?](https://news.shib.io/2024/11/20/trump-just-put-shiba-inu-on-everyones-radar-what-happens-next/): Shiba Inu, the meme-inspired cryptocurrency, finds itself unexpectedly entangled in the world of high finance and political maneuvering. Listed on Bakkt, a crypto trading platform reportedly targeted for acquisition by President- Donald Trump, SHIB’s future is now intertwined with the unpredictable trajectory of both a volatile market and an equally volatile political figure. The Bakkt Story Earlier this week, the Financial Times reported that Trump Media and Technology Group (TMTG) is in advanced talks to acquire Bakkt. The news sent Bakkt’s stock soaring, driven by speculation and the weight of Trump’s influence.  However, the platform itself faced challenges. Third-quarter 2024 - [The Shib Crypto Recap: Tuesday](https://news.shib.io/2024/11/19/the-shib-crypto-recap-tuesday-5/): This Tuesday, the major stories in crypto news focus on antitrust legal actions affecting the tech industry’s online services, shifts in crypto mining dynamics within Russia, and the impact of President-elect Trump’s foray into cryptocurrency exchanges. As for Shiba Inu updates, a cryptocurrency analyst predicts a potential major surge for Shiba Inu (SHIB), while Bone ShibaSwap (BONE) recorded trading volumes surpassing $22 million today. Federal Judge Supports DOJ’s Move to Break Google’s Chrome Monopoly The U.S. Department of Justice intends to ask a federal judge to order Google to sell its Chrome web browser in an antitrust case. This would - [Chrome Must Be Sold: DOJ Challenges Google in Antitrust Case](https://news.shib.io/2024/11/19/chrome-must-be-sold-doj-challenges-google-in-antitrust-case/): The U.S. Department of Justice is reportedly planning to request a federal judge to order Google to sell its Chrome web browser in an antitrust case. This action would aim to break up Google’s control over the browser market and potentially level the playing field for competitors. In August 2024, federal judge Amit Mehta ruled against Google’s search monopoly. “Google is a monopolist, and it has acted as one to maintain its monopoly,” Judge Mehta wrote in his 286-page ruling.  This latest action by the DOJ marks the most recent development in its ongoing antitrust case against Google. This comes - [Trump SocMed Firm Eyes Bakkt Crypto Exchange Takeover](https://news.shib.io/2024/11/19/trump-socmed-firm-eyes-bakkt-crypto-exchange-takeover/): Incoming U.S. President Donald Trump’s social media company is reportedly in advanced talks to buy crypto trading firm Bakkt.  According to the Financial Times, Trump Media and Technology Group (TMTG), the parent company of Truth Social, is nearing an all-share acquisition of Bakkt, a cryptocurrency trading platform owned by Intercontinental Exchange Inc. The FT cited two sources familiar with the discussions. The exact valuation being considered remains unclear, the report said. However, it is notable that Bakkt’s market capitalization was logged at just over $150 million as of Monday. Acquiring Bakkt could cement the Trump brand’s influence in the crypto - [Russia Targets Crypto Miners with 15% Tax and Stricter Oversight](https://news.shib.io/2024/11/19/russia-targets-crypto-miners-with-15-tax-and-stricter-oversight/): The Russian government has approved draft amendments to classify digital currency as taxable property, setting a maximum 15% income tax on cryptocurrency earnings and exempting transactions from value-added tax. The changes aim to regulate crypto mining and trading while balancing the interests of businesses and the state. According to a news release by Interfax, the income generated from crypto mining will be taxed based on its market value at the time of receipt. However, miners can still deduct any associated expenses, ensuring a fair and balanced tax calculation. Crypto and VAT Under the new regulations, cryptocurrency transactions will be exempt from - [BONE Trading Volume Skyrockets to Over $22 Million, Records Double-Digit Gain In 30D](https://news.shib.io/2024/11/19/bone-trading-volume-skyrockets-to-over-22-million-records-double-digit-gain-in-30d/): Bone ShibaSwap (BONE) is experiencing a meteoric rise, with over $22 million in trading volume recorded today and a double-digit gain over the last 30 days. The significant price surge in Bone ShibaSwap (BONE) wasn’t an isolated event but rather the culmination of a period of relative consolidation, suggesting a potential accumulation phase preceding the breakout. Analysis of the daily BONE/USDT chart revealed several key technical factors supporting the rally.  BONE Technical Indicators The recent surge in Bone ShibaSwap (BONE) wasn’t a sudden event but rather the culmination of a period of consolidation, suggesting a potential accumulation phase before the - [Shiba Inu Breakout Imminent? Analyst Forecasts Major $0.00003630 Price Surge](https://news.shib.io/2024/11/19/shiba-inu-breakout-imminent-analyst-forecasts-major-0-00003630-price-surge/): Could Shiba Inu (SHIB) be about to explode? A major crypto analyst believes so, forecasting a substantial price surge to $0.00003630. Is this the catalyst SHIB investors have been waiting for? Prominent analyst Carl Runefelt, known on X as @TheMoonCarl, predicted Shiba Inu could experience a potential rally to $0.00003630. Runefelt’s prediction centers on SHIB’s current consolidation within a descending wedge pattern.  This technical formation, often interpreted as a bullish reversal signal, suggests that downward pressure may soon abate, potentially paving the way for a significant price increase. A breakout above the wedge’s upper resistance line, according to the analyst, - [The Shib Crypto Recap: Monday](https://news.shib.io/2024/11/18/the-shib-crypto-recap-monday-5/): Today’s climate of cryptocurrency news is marked by regulatory shifts and concerns about the long-term prospects of Bitcoin. In tandem, institutional attitudes toward cryptocurrency are becoming increasingly nuanced. Meanwhile, the NFT space is not to be overlooked, as recent updates illustrate both challenges and opportunities that artists and collectors face. Collectively, these themes are steering public discourse and investment strategies within the cryptocurrency sector. Stronger Crypto Oversight in South Korea South Korea is imposing stricter rules on cryptocurrencies. Exchanges can now freeze transactions and seize digital assets from users who owe taxes. A new addition to the Virtual Asset User - [OKX Launches Fee-Free SGD Transfers for Singapore Users](https://news.shib.io/2024/11/18/okx-launches-fee-free-sgd-transfers-for-singapore-users/): OKX Singapore CEO Gracie Lin unveiled a new milestone for the crypto exchange, announcing that Singaporean users can now make instant, fee-free SGD deposits and withdrawals via PayNow and FAST payment services. This integration was made possible through a collaboration with DBS Group Holdings Ltd. DBS is one of the 27 banks and major financial institutions in Singapore participating in PayNow, a service that enables real-time, 24/7 money transfers through the Fast and Secure Transfers (FAST) network. “This is a big step towards making digital assets more accessible for everyone in the country,” Lin wrote in a blog published on - [Suspected Mexico Crypto Bot Scam Leaves Over 3,000 Investors High and Dry](https://news.shib.io/2024/11/18/suspected-mexico-crypto-bot-scam-leaves-over-3000-investors-high-and-dry/): More than 3,000 investors in Mexico have been left without access to their funds after AMG GPT, a company promising guaranteed returns through cryptocurrency trading bots, abruptly shut down its offices in Tehuacán and Puebla. The company’s disappearance, along with abandoned offices and severed communication channels, has raised serious concerns about a potential crypto bot scam. AMG GPT initially gained trust by offering daily payouts, which early investors reportedly received. However, the company recently began delaying withdrawals, demanding additional “verification fees” before granting access to funds. These new requirements raised red flags, and many investors began questioning the legitimacy of - [Polish Presidential Hopeful Vows to Create National Bitcoin Reserve If Elected](https://news.shib.io/2024/11/18/polish-presidential-hopeful-vows-to-create-national-bitcoin-reserve-if-elected/): Sławomir Mentzen, a Polish presidential candidate, vows to make Poland a “Crypto Haven.”  Polish right-wing libertarian politician and presidential candidate Mentzen promised to create a strategic Bitcoin reserve if elected president in 2025.  In a recent post, Lech Wilczyński, CEO of crypto exchange Swap.ly, asked Polish politician Sławomir Mentzen whether he would consider establishing a strategic reserve of Bitcoin in Poland. “Of course,” Mentzen replied. He later reiterated his stance in a separate post, advocating for the creation of a Bitcoin reserve in the country. “Very friendly regulations, low taxes, and a supportive approach from banks and regulators,” Mentzen wrote - [Can’t Pay Taxes? South Korea City Will Sell Your Crypto to Settle Debts](https://news.shib.io/2024/11/18/cant-pay-taxes-south-korea-city-will-sell-your-crypto-to-settle-debts/): The city of Paju in Gyeonggi Province, South Korea, has announced plans to seize and sell the cryptocurrency holdings of 17 individuals who collectively owe 124 million Korean won (approximately $88,600) in local taxes. Tax Enforcement Through Crypto Seizure According to local media, city officials have sent notices to the delinquent taxpayers, warning them to settle their debts by the end of November. If payments are not made, the authorities will confiscate the virtual assets stored on cryptocurrency exchanges and sell them to recover the unpaid taxes. This is the first time a local government in South Korea will directly - [Robinhood CEO Slams UK’s ‘Backward’ Crypto Approach, Calls for Better Regulation](https://news.shib.io/2024/11/18/robinhood-ceo-slams-uks-backward-crypto-approach-calls-for-better-regulation/): Robinhood CEO Vlad Tenev has criticized the UK government’s cryptocurrency policies, comparing them unfavorably to the country’s regulations on gambling.  In an interview with The Times, Tenev argued that people should have the freedom to make their own trading decisions despite concerns over crypto addiction. He also questioned why crypto trading faces stricter scrutiny while gambling remains less regulated. “I think people should be allowed to do what they want,” Tenev said. “But on a policy level, it’s just strange to me that, like: ‘the gambling will continue, but suddenly, with crypto and margin trading, we would have a problem - [South Korea Tightens Grip on Crypto: Exchanges Gain Freeze Power, City Seizes Assets for Taxes](https://news.shib.io/2024/11/18/south-korea-tightens-grip-on-crypto-exchanges-gain-freeze-power-city-seizes-assets-for-taxes/): South Korea is cracking down on crypto, giving exchanges the power to freeze transactions and seizing digital assets for unpaid taxes. South Korea Empowers Crypto Exchanges A new clause added to South Korea’s Virtual Asset User Protection Act has granted cryptocurrency exchanges unprecedented power to immediately block deposits and withdrawals. This change, driven by concerns over hacking, money laundering, and fraud, allows exchanges to act swiftly in urgent situations, freezing funds without prior notice to users.  According to SBS Biz, the Financial Supervisory Service (FSS) approved this industry request, acknowledging the need for rapid intervention in certain circumstances. However, the - [Warren Buffett Is Anti-Crypto But His Backed Nubank Embraces Bitcoin with New Swap Feature](https://news.shib.io/2024/11/18/warren-buffett-is-anti-crypto-but-his-backed-nubank-embraces-bitcoin-with-new-swap-feature/): A striking contrast plays out in the financial world: Warren Buffett, the legendary investor known for his disdain for cryptocurrencies, holds a substantial stake in Nubank, a Brazilian fintech firm actively expanding its crypto offerings.  Nubank New Feature This week, Nubank launched a Bitcoin-to-USDC swap feature, underscoring the growing mainstream acceptance of digital assets, even within the portfolio of a staunch crypto critic. Nubank’s new platform feature allows customers to directly exchange Bitcoin (BTC), Ethereum (ETH), Solana (SOL), or Uniswap (UNI) for USDC, a stablecoin pegged to the US dollar, and vice versa.  This streamlined process offers lower fees than - [MicroStrategy High-Stakes Bitcoin Bet: The "Infinite Money Glitch" Could Fail-Study](https://news.shib.io/2024/11/18/microstrategy-high-stakes-bitcoin-bet-the-infinite-money-glitch-could-fail-study/): Is the Bitcoin strategy of MicroStrategy a genius “infinite money glitch” or a ticking time bomb? A new study raises serious questions about the company’s high-stakes gamble. MicroStrategy Gambles on Bitcoin Michael Saylor, the outspoken executive chairman and co-founder of MicroStrategy, transformed his once-staid business intelligence software company into a Bitcoin behemoth. He championed a strategy of leveraging the company’s balance sheet, and issuing equity at premium valuations, to acquire vast quantities of the cryptocurrency.  This unorthodox approach, dubbed the “infinite money glitch,” fueled a dramatic rise in MicroStrategy’s stock price, captivating investors and bewildering skeptics. But a recent report - [Artist Cries Foul After Base Allegedly 'Ripped' His Work Without Attribution](https://news.shib.io/2024/11/18/artist-cries-foul-after-base-allegedly-ripped-his-work-without-attribution/): Did Coinbase’s Base network steal art for its NFT? One artist says yes.  The controversy began when Chris Biron, an artist involved in the Non-Fungible Token (NFT) space, publicly challenged Base, an Ethereum layer-2 scaling solution incubated by Coinbase, for allegedly copying his artwork without permission or attribution. The artwork in question, or something similar to it, was used for an NFT celebrating one billion transactions on the Base network. The NFT, sold by Base, generated over $36,000 in profit. Base: ‘Less Fun’? Biron, in a post on X (formerly Twitter), expressed his disappointment, stating, “But when a 76 billion - [NFT Market Bloodbath: 98% of 2024 Drops Failed](https://news.shib.io/2024/11/18/nft-market-bloodbath-98-of-2024-drops-failed/): The NFT market is drowning in a sea of new projects, with a staggering 98% of 2024 drops flatlining, according to a new study by NFTEvening and Storible. Oversaturation, coupled with plummeting prices and rock-bottom investor engagement, raises serious questions about the future of this once-booming digital asset class. NFT Market Study The study, which analyzed 29,079 NFT collections minted between January 1 and August 31, 2024, painted a grim picture of a market struggling to maintain momentum. Key findings revealed a chilling reality: only a minuscule 0.2% of these projects generated profits for investors. The vast majority saw rapid - [Crypto Political Influence Ignites Bitcoin Bull Run: Report](https://news.shib.io/2024/11/17/crypto-political-influence-ignites-bitcoin-bull-run-report/): A stunning Bitcoin bull run and a Trump victory —no one saw this coming. But with Bitcoin and other digital assets reaching new all-time highs, what’s the strategy for maximizing profits in this unexpected bull market? The answer, according to a recent Hyblock Capital Market Report, may lie in the unprecedented political influence the crypto industry has wielded in the 2024 election cycle. Bitcoin Bull Run Gains Momentum “The U.S. cryptocurrency sector is making history,” said Shubh Varma, CEO and co-founder of Hyblock Capital, in his weekly market overview shared with The Shib Daily. “Investing over $238 million in political - [Shiba Inu Isn't Done Yet, Analyst Projects Potential 216% Surge To $0.000081](https://news.shib.io/2024/11/17/shiba-inu-isnt-done-yet-analyst-projects-potential-216-surge-to-0-000081/): Shiba Inu (SHIB) is poised for liftoff, with a new analyst forecast projecting a 216% surge to $0.000081 for the dog-themed altcoin. The forecast, based on technical analysis, suggested a dramatic potential turnaround for SHIB, which had experienced periods of volatility. Javon Marks (@JavonTM1 on X) made a bullish prediction about Shiba Inu earlier. The analyst’s optimism stemmed from several key indicators. A recent breakout above a significant downtrend line signaled a potential shift in momentum. This, combined with what the analyst identified as bullish divergences, pointed towards increasing buying pressure.  The analyst also highlighted key support and resistance levels - [Elon Musk Prevails as Dogecoin Investors Withdraw Lawsuit](https://news.shib.io/2024/11/16/elon-musk-prevails-as-dogecoin-investors-withdraw-lawsuit/): A two-year legal battle between Elon Musk and a group of Dogecoin investors comes to an end as the plaintiffs voluntarily withdraw their class-action lawsuit.  Dogecoin Market Manipulation? The lawsuit, filed in the summer of 2022, painted a picture of a market manipulated by the pronouncements of a tech titan. Musk, with his playful and often cryptic tweets about Dogecoin, stood accused of artificially inflating the cryptocurrency’s price, leading investors down a path of dizzying highs and crushing lows.  They argued that his public pronouncements, amplified by his immense social media following, amounted to market manipulation, leaving them financially wounded - [$300M Laundering Scheme: Darknet Mixer Creator Avoids Harsh Penalty](https://news.shib.io/2024/11/16/300m-laundering-scheme-darknet-mixer-creator-avoids-harsh-penalty/): A darknet mixer creator who laundered $300 million receives a surprisingly light sentence, raising questions about the effectiveness of cryptocurrency crime enforcement and the role of cooperation in such cases.  Larry Dean Harmon, the Ohio mastermind behind the Helix darknet cryptocurrency mixer, was sentenced to just three years in prison, a dramatic reduction from the potential 20 years he faced. This leniency underlined the complex calculus of justice in the digital age, where the cooperation of technically savvy individuals can be invaluable in dismantling intricate criminal networks. The Darknet Mixer Harmon’s journey began in 2019 when he was charged with - [CCG Battles Go Next Level: Shiba Eternity Web3 Update Drops!](https://news.shib.io/2024/11/16/ccg-battles-go-next-level-shiba-eternity-web3-update-drops/): The latest update for Shiba Eternity Web3, Shiba Inu’s blockchain-powered collectible card battler, has landed, and it’s a veritable buffet of fresh features that’ll have you howling with delight.  Forget BONE-shaped biscuits; this update is serving up a banquet of blockchain-based brilliance. The Shib Games team, the devs running the show, clearly listened to the community, addressing key issues and adding features that’ll have you barking for more. Shiba Eternity Web3: Android and Korean Language Support First off, a major win for Android users! Those frustrating login issues are a thing of the past. Now, Android players can jump straight - [Google Warns of AI Deepfakes, Crypto Scams, and Fraud Targeting Major Events](https://news.shib.io/2024/11/15/google-warns-of-ai-deepfakes-crypto-scams-and-fraud-targeting-major-events/): Google has issued a warning about the rise of sophisticated scams driven by artificial intelligence, including deepfake impersonations, crypto investment frauds, and deceptive app clones. The company’s Trust & Safety (T&S) team flagged these trends in its new advisory on online fraud, highlighting how scammers are exploiting emerging technologies and major events to deceive users globally. Scam Trends and Tactics Among the top threats, Google identified the misuse of AI-powered deepfake technology to impersonate public figures. These impersonations have been used to promote fraudulent schemes, including fake investment opportunities and giveaways. In response, Google has updated its policies to address - [EBA: New Rules for Crypto and Payment Firms on EU Sanctions](https://news.shib.io/2024/11/15/eba-new-rules-for-crypto-and-payment-firms-on-eu-sanctions/): The European Banking Authority (EBA) has published comprehensive guidelines requiring payment service providers (PSPs) and crypto-asset service providers (CASPs) to enhance their compliance with EU and national sanctions. The rules, set to take effect on Dec. 30, 2024, aim to tighten governance and risk management frameworks to prevent circumvention of restrictive measures and safeguard the EU financial system. EBA Guidelines: Key Details Released on Nov. 14, the guidelines mandate PSPs and CASPs to implement reliable screening systems for fund and crypto transfers to identify and mitigate risks associated with sanctions violations. Institutions are required to establish clear policies to manage - [Tether Launches Hadron Platform to Simplify Asset Tokenization](https://news.shib.io/2024/11/15/tether-launches-hadron-platform-to-simplify-asset-tokenization/): Tether has just launched Hadron by Tether, a platform designed to simplify the tokenization of assets, including stocks, bonds, stablecoins, and loyalty points. It is designed to integrate Tether’s decade-long expertise to provide a secure, scalable, and compliant ecosystem for asset tokenization, targeting institutions, fund managers, governments, and private companies. About the Hadron Platform Hadron promises an intuitive interface to manage the full lifecycle of tokenized assets, emphasizing compliance through robust Know-Your-Customer (KYC), Anti-Money-Laundering (AML), and risk management tools. The platform supports various asset types, from fiat-pegged stablecoins to more complex collateralized digital tokens. Designed for adaptability, Hadron integrates with - [Bitfinex Bitcoin Heist Mastermind Sentenced to 5 Years for $10B Scam](https://news.shib.io/2024/11/15/bitfinex-bitcoin-heist-mastermind-sentenced-to-5-years-for-10b-scam/): Ilya Lichtenstein, who orchestrated the 2016 theft of over 119,000 Bitcoin from cryptocurrency exchange Bitfinex, has been sentenced to five years in prison for money laundering, the U.S. Department of Justice announced Wednesday. The case, one of the largest cyber thefts in history, resulted in the recovery of stolen assets now worth approximately $10 billion. Court documents revealed that Lichtenstein, 35, used advanced hacking tools to infiltrate Bitfinex’s network and authorized over 2,000 fraudulent transactions to transfer Bitcoin to his personal wallet. He and his wife, Heather Morgan, employed sophisticated techniques to launder the funds, including “chain hopping,” using mixing - [Agent Shiboshi Tournament Returns with 250 $BONE Reward & Top 10 Winners!](https://news.shib.io/2024/11/15/agent-shiboshi-tournament-returns-with-250-bone-reward-top-10-winners/): The action-packed Agent Shiboshi tournament is back, and this time with a $250 BONE prize pool up for grabs! Whether you’re a seasoned Shiba enthusiast or just dipping your toes into the world of Agent Shiboshi, this competition promises to bring some serious action. The registration period for this exciting event runs from November 15, 2024, at 20:00 UTC to November 18, 2024, at 04:00 UTC. It’s a brief window, so if you’re looking to claim your share of the prize pool, now’s the time to get in on the action. Expect fierce competition as agents battle it out for - [Upbit Faces Major KYC Scrutiny in South Korea, Potentially Jeopardizing License Renewal](https://news.shib.io/2024/11/15/upbit-faces-major-kyc-scrutiny-in-south-korea-potentially-jeopardizing-license-renewal/): South Korea’s largest cryptocurrency exchange, Upbit, is facing a major regulatory hurdle that could significantly impact its operations. The Financial Intelligence Unit (FIU) has reportedly uncovered suspected large-scale Know Your Customer (KYC) violations, potentially leading to hefty fines and even the loss of Upbit’s business license. The FIU, during its review process for Upbit’s business license renewal, reportedly identified an estimated 500,000 to 600,000 cases where customer verification procedures appear to have been inadequately implemented, according to Maeil Business, a news outlet in South Korea. The investigation, which began in late August, focused on Upbit’s compliance with anti-money laundering (AML) - [Shiba Eternity Web3 Tournament: 500 BONE Up For Grabs, Get Your SHIB On!](https://news.shib.io/2024/11/15/shiba-eternity-web3-tournament-500-bone-up-for-grabs-get-your-shib-on/): Hold onto your Shiba Inus, folks, because the next Shiba Eternity Web3 tournament is about to unleash a BONE-chilling frenzy!  This weekend, the digital arena will be buzzing with Shib-loving gamers vying for a whopping 500 $BONE prize pool. That’s enough to make even the most seasoned Shiba Eternity Web3 player drool with anticipation. The tournament kicks off on November 17 at 06:00 UTC, so mark your calendars and sharpen your paws. Every match could be a game-changer, and the chance to walk away with a chunk of that bone-tingling prize money is right there for the taking. But before - [SEC Chair Gensler Speech Fuels Resignation Rumors Amid Trump's Potential Sacking](https://news.shib.io/2024/11/15/sec-chair-gensler-speech-fuels-resignation-rumors-amid-trumps-potential-sacking/): The crypto industry is on edge as rumors swirl about SEC Chair Gary Gensler’s potential departure, fueled by a recent speech and reports of President Trump’s possible move to remove him from office. The uncertainty surrounding Gensler’s future raises questions about the direction of crypto regulation in the U.S. and the potential impact on the industry’s growth. Gensler, in a speech delivered at the Practicing Law Institute’s 56th Annual Institute on Securities Regulation, reflected on his two-year tenure at the helm of the agency, emphasizing the importance of effective administration of securities laws. He drew parallels to common-sense rules of - [18 States Challenge SEC Authority Over Crypto Staking in Landmark Lawsuit](https://news.shib.io/2024/11/15/18-states-challenge-sec-authority-over-crypto-staking-in-landmark-lawsuit/): Eighteen states, joined by the DeFi Education Fund, are challenging the Securities and Exchange Commission’s (SEC) authority over crypto staking services in a landmark lawsuit filed Thursday. The complaint, lodged in the U.S. District Court for the Eastern District of Kentucky, Frankfort Division, targets SEC Chair Gary Gensler and other commissioners, alleging their aggressive enforcement actions and evolving guidance stifle innovation and unconstitutionally infringe on state regulatory powers. At the heart of the dispute was the SEC’s assertion that staking services—where cryptocurrency holders lock up their assets to validate transactions and earn rewards—constituted the offering of unregistered securities. The states - [Franklin Templeton Expands $410M Mutual Fund to Ethereum](https://news.shib.io/2024/11/14/franklin-templeton-expands-410m-mutual-fund-to-ethereum/): Franklin Templeton recently expanded the trading capabilities of its OnChain U.S. Government Money Market Fund (FOBXX) to include Ethereum, reinforcing its presence in the multi-chain tokenized asset market. This strategic move adds to the fund’s current blockchain partnerships, which include Avalanche, Aptos, and Coinbase’s Base. New chain unlocked. BENJI is now live on @ethereum! Ethereum, the second largest L1 blockchain technology was designed to be scalable, secure, programmable, and decentralized. Download the Benji app here: https://t.co/ITah6qMtnsRead more: https://t.co/4j3TDC9VHM pic.twitter.com/COHIln9j24 — Franklin Templeton Digital Assets (@FTDA_US) November 14, 2024 Established in 2021, this fund was the first of its kind to - [Underbanked Americans Turning to Crypto More Than Fully Banked Households - FDIC](https://news.shib.io/2024/11/14/underbanked-americans-turning-to-crypto-more-than-fully-banked-households-fdic/): A recent FDIC survey revealed that underbanked households in the United States used cryptocurrency more frequently in 2023 than fully banked households, with 6.2% of underbanked households engaging with crypto compared to 4.8% of those with full banking access. The survey, released on November 12, examined responses from around 60,000 households and highlighted trends in crypto usage across various demographics. The “underbanked”—households that have a bank account but also rely on nonbank services like payday loans or check cashing—make up about 14.2% of U.S. households, or roughly 19 million households. Among them, cryptocurrency usage was notably higher among younger, highly - [Genius Group Goes 'All-In' on Bitcoin, Eyes $120M Crypto Reserve](https://news.shib.io/2024/11/14/genius-group-goes-all-in-on-bitcoin-eyes-120m-crypto-reserve/): Genius Group Limited has revealed its new “Bitcoin-first” strategy, with plans to commit 90% or more of its reserves to Bitcoin as its primary treasury asset. Following a recent Board restructuring to include blockchain and Web3 experts, the education-focused AI company said it will utilize a $150 million funding facility to begin purchasing $120 million in Bitcoin, positioning it as a core reserve holding. Genius Group also plans to integrate Bitcoin payments on its Edtech platform and launch a Web3 Wealth Renaissance education series, aimed at preparing students for a decentralized, blockchain-driven economy. Director Thomas Power emphasized the firm’s belief - [Fraud Alert: Fake China Construction Bank Sites Target Hong Kong Users](https://news.shib.io/2024/11/14/fraud-alert-fake-china-construction-bank-sites-target-hong-kong-users/): The Hong Kong Monetary Authority (HKMA) has issued a public warning about fraudulent websites impersonating China Construction Bank (Asia) Corporation Limited, urging residents to exercise caution and report suspicious activities. In a recent press release, the HKMA highlighted a surge in fake websites mimicking the bank’s official online platform. These fraudulent sites aim to deceive users into providing sensitive personal or financial information. The HKMA advised against engaging with any platform that requests personal details, particularly through emails, SMS, or phone calls containing suspicious hyperlinks. The authority emphasized that legitimate banks do not request passwords, One-Time Passwords, or other sensitive - [Caitlyn Jenner Faces Class-Action Lawsuit Over 'Misleading' Crypto Promotion](https://news.shib.io/2024/11/14/caitlyn-jenner-faces-class-action-lawsuit-over-misleading-crypto-promotion/): Caitlyn Jenner is facing a legal challenge over her promotion of a cryptocurrency token. A class-action lawsuit alleges the former Olympian misled investors with “false and misleading statements” about the JENNER meme coin. The lawsuit, filed in a California federal court by Naeem Azad and Mihai Caluseru, alleged Jenner and her manager, Sophia Hutchins, “fraudulently solicited financially unsophisticated investors” to purchase the unregistered securities. Azad and Caluseru, citizens of the United Kingdom and Romania respectively, claim to have lost over $56,000 combined investing in JENNER.  “We wouldn’t have invested a penny,” Azad stated, “if it hadn’t been for Jenner’s misleading - [FTX’s Gary Wang Goes From Coder to Crime-Fighter with Anti-Fraud Tools](https://news.shib.io/2024/11/14/ftxs-gary-wang-goes-from-coder-to-crime-fighter-with-new-anti-fraud-tools/): Gary Wang, the former coding chief for FTX, is now developing tools to help the U.S. government detect fraud in the cryptocurrency and stock markets. Wang, who cooperated extensively with authorities and testified against former FTX CEO Sam Bankman-Fried in 2023, is due for sentencing on November 20 for his role in FTX’s collapse. Wang’s involvement in the investigation has been praised by prosecutors, who have emphasized his willingness to work with authorities and noted his efforts to make amends. Unlike other former executives, Gary Wang has been credited with avoiding deceptive practices and refraining from misusing customer funds, according - [Is Shiba Inu About to Explode? Analyst Predicts Major Breakout](https://news.shib.io/2024/11/14/is-shiba-inu-about-to-explode-analyst-predicts-major-breakout/): Shiba Inu (SHIB) is attracting attention as technical indicators point towards a potential price breakout. A crypto analyst points to a bullish pennant pattern forming, suggesting a significant price move could be brewing. Crypto analyst Crypto Sheriff (@Gem_Sheriff on X) predicted that a major breakout in the price of Shiba Inu is imminent. The analyst’s bullish outlook is based on technical analysis, pointing to key indicators suggesting a potential surge in SHIB’s price. Crypto Sheriff highlighted a chart showing SHIB’s price action, which has formed what appears to be a bullish pennant pattern. This pattern is characterized by converging trendlines, - [Crypto Influencer Abduction Ends in Tragedy: Body Found in Montreal Park](https://news.shib.io/2024/11/14/crypto-influencer-abduction-ends-in-tragedy-body-found-in-montreal-park/): A grim discovery in a Montreal park brings a tragic end to the search for abducted crypto influencer Kevin Mirshahi. Months after his disappearance, authorities confirmed the worst, marking a somber turn in the investigation. Mirshahi’s decomposing remains were found by a passerby at Île-de-la-Visitation park on October 30. Montreal police confirmed the identification through an autopsy, concluding the agonizing search for the 25-year-old. His disappearance began with a harrowing quadruple kidnapping in Old Montreal on June 21. La Presse reported that Mirshahi and three companions were abducted from the underground parking lot of his condo building in the early - [FBI Raids Polymarket CEO Home, Seizes Devices, Sparking Crypto Backlash](https://news.shib.io/2024/11/14/fbi-raids-polymarket-ceo-home-seizes-devices-sparking-crypto-backlash/): Federal agents raided the Manhattan home of Polymarket CEO Shayne Coplan Wednesday morning, seizing his electronic devices. The predawn operation immediately sparked outrage and accusations of political overreach within the crypto community. The Justice Department is reportedly investigating Polymarket for allegedly violating a 2022 settlement with the Commodity Futures Trading Commission (CFTC), according to Bloomberg. The platform, which allows users to bet on events using cryptocurrency, had previously paid a $1.4 million fine for operating an unregistered prediction market and agreed to block U.S. customers.  The current investigation appears to focus on whether Polymarket continued accepting trades from U.S. users, - [Daren Li Admits to Laundering $73M in US Crypto Scam](https://news.shib.io/2024/11/13/daren-li-admits-to-laundering-73m-in-us-crypto-scam/): Daren Li, a dual citizen of China and St. Kitts and Nevis, has pleaded guilty to a charge of conspiracy to commit money laundering for his role in a scheme that laundered over $73 million in proceeds from cryptocurrency investment scams targeting U.S. victims. According to court documents, Li, 41, admitted to conspiring with others to move victim funds through a network of shell companies and international bank accounts. Using encrypted messaging to coordinate with co-conspirators, Li orchestrated the setup of U.S. bank accounts on behalf of shell companies to facilitate the transfer and conversion of illicit funds into cryptocurrency, - [Revolut Expands Crypto Exchange Access to 30 European Countries](https://news.shib.io/2024/11/13/revolut-expands-crypto-exchange-access-to-30-european-countries/): London-based fintech firm Revolut has expanded its standalone crypto exchange, Revolut X, to 30 new countries in the European Economic Area (EEA). The company announced the expansion on November 13, positioning Revolut X as a “competitive platform” for crypto traders within the continent. Launched in May, Revolut X represents an “important milestone” for the company’s crypto ambitions, according to Leonid Bashlykov, head of crypto exchange product. The expansion follows its efforts to prevent $13.5 million in potentially fraudulent crypto transfers from June to September, with additional checks in place for anti-money laundering compliance. Revolut’s approach—combining traditional banking services with crypto - [South Korea Crypto Scam: 215 Arrested in $232M Fraud Involving Popular YouTuber](https://news.shib.io/2024/11/13/south-korea-crypto-scam-215-arrested-in-232m-fraud-involving-popular-youtuber/): A massive South Korea crypto scam has led to the arrest of 215 people in a $232 million scheme, where a popular YouTuber with 620,000 followers allegedly lured thousands into investing in near-worthless tokens. The Gyeonggi Southern Provincial Police Agency reported that the scheme, active from late 2021 to March 2023, targeted over 15,000 victims—primarily middle-aged and elderly individuals—by promising returns of up to 20 times their investments. According to Yonhap, victims were allegedly encouraged to sell property or take out loans to fund purchases of 28 different tokens, six of which were created by the group, while the remaining - [Warren Slams Musk, Ramaswamy 'DOGE' Department: 'REALLY Efficient?'](https://news.shib.io/2024/11/13/warren-slams-musk-ramaswamy-doge-department-really-efficient/): Senator Elizabeth Warren has taken a swipe at President-elect Donald Trump’s newly formed “Department of Government Efficiency,” dubbed “DOGE,” questioning its leadership structure and effectiveness. The department, led by Elon Musk and Vivek Ramaswamy, has been met with skepticism and criticism since its announcement, with Warren’s latest comments adding fuel to the fire.  In an X post Tuesday, Warren expressed her disapproval of the department’s dual leadership: “The Office of Government Efficiency is off to a great start with split leadership: two people to do the work of one person. Yeah, this seems REALLY efficient.” Warren, a vocal critic of - [Dogecoin's Fate? Musk, Ramaswamy to Lead Trump's 'DOGE' Push](https://news.shib.io/2024/11/13/dogecoins-fate-musk-ramaswamy-to-lead-trumps-doge-push/): Will Trump’s ‘DOGE’ Department Boost or Sink Dogecoin? The crypto world is on edge after Musk, a vocal Dogecoin advocate, was tapped to lead the new agency. The name – a clear nod to the meme coin – raises hopes and concerns about associating Dogecoin with government efficiency efforts. Trump announced the DOGE department on Tuesday, emphasizing its goal to “dismantle Government Bureaucracy” and streamline operations. He praised Elon Musk and Vivek Ramaswamy’s business acumen, suggesting they could bring fresh perspectives to government reform.  However, the pointed use of the “DOGE” acronym immediately sparked speculation. Is it a playful wink - [Shibarium Erupts: Half a Billion Transactions and New TVL ATH](https://news.shib.io/2024/11/13/shibarium-erupts-half-a-billion-transactions-and-new-tvl-ath/): Shibarium, Shiba Inu’s layer-2 scaling solution, is experiencing remarkable growth, recently surpassing half a billion transactions and achieving a new all-time high in total value locked (TVL).  Shibarium’s transaction count has rocketed past 500 million, an impressive feat for a relatively young platform. Between October 13 and November 12, transactions surged from a modest 3,306 to an astounding 4,702,065, marking an increase of over 1,400 times.  This dramatic rise suggests rapidly expanding user engagement and on-chain activity. Shiba Inu tech wizard, Kaal Dhairya, celebrated the milestone on X (formerly Twitter): “PAW-some news! 🐾 Shibarium just fetched 500M transactions—proof of pack - [Italy Might Scrap Crypto Tax Amid 28% Tax Proposal](https://news.shib.io/2024/11/13/italy-might-scrap-crypto-tax-amid-28-tax-proposal/): Italy’s government is wrestling with a proposed crypto tax overhaul, generating uncertainty and debate within the digital asset world. A proposal to completely abolish the tax on crypto gains is on the table, alongside amendments proposing a reduced 28% rate, sparking discussions about the future of crypto investment in the country.  The initial proposal, unveiled last month, aimed to hike the tax on crypto trades from 26% to a steep 42%. This triggered immediate pushback from the industry, arguing it would stifle growth and drive investors away.  According to Bloomberg, Forza Italia, a key coalition partner in Italy’s ruling government, - [Celsius CEO Fails to Dismiss Fraud Charges in New York Court](https://news.shib.io/2024/11/12/celsius-ceo-fails-to-dismiss-fraud-charges-in-new-york-court/): A federal judge in New York has denied former Celsius Network CEO Alex Mashinsky’s motion to dismiss two fraud charges, allowing allegations of price manipulation involving the company’s CEL token to proceed. In a ruling dated November 8, 2024, Judge John G. Koeltl of the U.S. District Court for the Southern District of New York rejected Mashinsky’s arguments that the charges were redundant and legally flawed. Mashinsky contended that his alleged conduct could not simultaneously violate both the Commodity Exchange Act and the Securities Exchange Act. However, Judge Koeltl stated that each charge could independently apply under the law. The - [Japan’s Bitbank Launches Global Arm for Crypto, Blockchain Projects](https://news.shib.io/2024/11/12/japans-bitbank-launches-global-venture-arm-for-crypto-projects/): Japanese crypto exchange Bitbank has launched a global investment subsidiary, Bitbank Ventures, to fund projects in the cryptocurrency and blockchain sectors, both domestically and internationally. The new firm aims to bridge innovative technologies and investment opportunities to strengthen Japan’s crypto industry and drive global adoption of digital assets. Based in Tokyo’s Shinagawa district, Bitbank Ventures will focus on emerging blockchain projects and new technologies such as artificial intelligence (AI) and digital assets. Bitbank sees significant investor interest in projects combining crypto and AI, especially under current market conditions, and plans to keep pace with these advancements. CEO Noriyuki Hirosue stated - [Tether Launches WDK for Non-Custodial Wallet Access by Humans and AI](https://news.shib.io/2024/11/12/tether-launches-wdk-for-non-custodial-wallet-access-by-humans-and-ai/): Tether has launched an open-source Wallet Development Kit (WDK) designed to help developers integrate non-custodial wallets for USDt and Bitcoin into various platforms, offering users more control over their assets. The new toolkit, announced on November 11, aims to make decentralized financial systems accessible across apps, websites, and devices, supporting both personal and emerging AI-driven technologies. The WDK provides a modular, adaptable structure that simplifies wallet integration for businesses and developers, allowing customization for industries from gaming to finance. Key features include non-custodial functionality that eliminates reliance on third-party custody, enabling users to retain full control over their assets. Tether - [Zoom-Bombed: Crypto Investor Loses $6.09 Million in New Phishing Scam](https://news.shib.io/2024/11/12/zoom-bombed-crypto-investor-loses-6-09-million-in-new-phishing-scam/): It’s a story that could happen to anyone: a seemingly harmless click on a Zoom link turns into a nightmare–a phishing scam, costing a crypto investor a staggering $6.09 million.  The incident, which occurred on Tuesday, serves as a stark reminder of the importance of cybersecurity in the crypto world, where even experienced investors can fall victim to sophisticated phishing scams. The victim, a pseudonymous investor known as Still in the Game (@stigstigstig_ on X), took to social media to reveal the details of the attack, highlighting the vulnerability of the crypto ecosystem to malicious actors. “Just want to be - [China Tech Sector Embraces Bitcoin, Raising Questions About Crypto Policy Shift](https://news.shib.io/2024/11/12/china-tech-sector-embraces-bitcoin-raising-questions-about-crypto-policy-shift/): Despite years of strict regulations and a crackdown on crypto, China’s tech sector is showing a growing appetite for Bitcoin. Nano Labs Ltd, a leading integrated circuit design company, has announced it will accept Bitcoin payments for its products. The move creates a fascinating contradiction, raising questions about China’s evolving policy on digital currencies and the increasing influence of crypto globally. The company, listed on the Nasdaq as NA, opened a Coinbase account and is now accepting Bitcoin, marking a significant step towards embracing the latest in financial technology and enhancing its global transaction capabilities. The news came amid whispers - [FTX's New Lawsuit Against Binance and CZ Seeks $1.76 Billion](https://news.shib.io/2024/11/12/ftxs-new-lawsuit-against-binance-and-cz-seeks-1-76-billion/): The estate of the collapsed FTX crypto exchange is pursuing legal action against Binance and its former CEO, Changpeng Zhao, or CZ, in an effort to recover $1.76 billion. In the filing, FTX contends that these funds were fraudulently funneled to Binance executives in July 2021 as part of a shares repurchase deal with co-founder Sam Bankman-Fried, highlighting the lingering repercussions of the exchange’s failure. The lawsuit states that Binance sold back its 20% interest in FTX’s international division and 18.4% in its U.S. division. Sam Bankman-Fried financed this deal using a mix of cryptocurrencies from both exchanges. The FTX - [Shiba Inu Unleashes Fury: Breakout Potential Sparks Bullish Frenzy](https://news.shib.io/2024/11/12/shiba-inu-unleashes-fury-breakout-potential-sparks-bullish-frenzy/): The meme-inspired cryptocurrency, Shiba Inu (SHIB), is showing signs of a potential breakout, sending a jolt of energy through the crypto market.  A recent analysis by a crypto analyst, Bullish Banter (@bullishbanter01 on Twitter), has ignited a wave of optimism, suggesting that SHIB could be poised for a significant price surge. The analysis, shared on X, centered on the recent price action of SHIB, particularly its performance this month.  Bullish Banter pointed to a potential breakout pattern emerging from the coin’s price chart, noting that if SHIB manages to maintain its current price level above $0.00002, it could establish a - [Snowden Sounds Alarm: Is Venture Capital Stifling Crypto's Decentralization?](https://news.shib.io/2024/11/12/snowden-sounds-alarm-is-venture-capital-stifling-cryptos-decentralization/): Privacy advocate and former NSA contractor Edward Snowden has thrown a wrench into the gears of the booming crypto world, raising concerns about the potential pitfalls of venture capital investment in blockchain projects.  Speaking at Near’s Redacted conference in Bangkok, Snowden argued that heavy VC funding can compromise the very foundation of cryptocurrencies – decentralization. He went so far as to label Solana, a high-profile blockchain platform, as “born in prison” due to its reliance on VC backing, suggesting that such funding can hinder a network’s ability to operate independently. Snowden’s critique stemmed from the belief that large, centralized stakeholders, - [Shiba Inu Bites Into Top 10, Surpasses Global Brands in Market Cap Surge](https://news.shib.io/2024/11/12/shiba-inu-bites-into-top-10-surpasses-global-brands-in-market-cap-surge/): Shiba Inu, the meme-inspired cryptocurrency, has unleashed a market cap frenzy, exceeding $15.64 billion and catapulting into the top 10 list of major crypto assets. This astounding growth has sent ripples through the financial world, leaving established global brands in its wake. The rally, which began over the weekend and intensified throughout the week, saw Shiba Inu eclipse companies like Porsche SE, GameStop, Dominos, Bandai Namco, Budweiser APAC, and more. The meme-coin now boasts a market cap larger than prominent names like Bank of Shanghai, Lenovo, and even Dominos Pizza. Here’s a look at some of the companies Shiba Inu - [Foreign Gang Arrested in Phuket Crypto Robbery Worth $250K](https://news.shib.io/2024/11/11/foreign-gang-arrested-in-phuket-crypto-robbery-worth-250k/): Thai authorities arrested four foreign nationals in connection with a Phuket crypto robbery, allegedly forcing a Ukrainian tourist to transfer $250,000 in cryptocurrency after luring him to a meeting. Phuket’s Kamala Police, with support from Tourist Police, apprehended the suspects — Armenian national Arman, 21; Ukrainian nationals Alfred, 18, and Ruslan, 22; and Russian national Mraz, 21 — at a hotel in Phang Nga Province on November 11. The arrests followed a warrant issued by the Phuket Provincial Court for armed robbery, unlawful detention, and coercion. The incident reportedly took place on November 8 when the victim, a 23-year-old Ukrainian - [Apple CEO Tim Cook Holds Bitcoin, Won’t Follow the Crypto Path](https://news.shib.io/2024/11/11/apple-ceo-tim-cook-holds-bitcoin-wont-follow-the-crypto-path-yet/): Apple CEO Tim Cook revealed that he has personally held Bitcoin for around three years, but he stressed that his private interest in cryptocurrency won’t influence Apple’s corporate strategy. Cook clarified in an interview with DealBook’s Andrew Sorkin that while he finds Bitcoin and NFTs intriguing, Apple has no plans to integrate crypto into its products, or use its $200 billion cash reserve to invest in digital assets. This cautious stance sets Apple apart from other tech giants like Tesla, which made waves by actively embracing cryptocurrency. Tim Cook of Apple reveals that he has personally invested in cryptocurrency. “I - [Bitcoin Fog Operator Faces 12 Years for $400M Darknet Laundering Scheme](https://news.shib.io/2024/11/11/bitcoin-fog-operator-faces-12-years-for-400m-darknet-laundering-scheme/): Roman Sterlingov, a dual Russian-Swedish national, was sentenced to 12 years and six months in prison on Monday for operating Bitcoin Fog, the darknet’s longest-running bitcoin money laundering service. According to court documents, Sterlingov, 36, ran Bitcoin Fog from 2011 to 2021, using the cryptocurrency “mixer” to obscure the origins of more than 1.2 million bitcoin transactions valued at roughly $400 million. The bulk of this cryptocurrency flowed from darknet marketplaces and was tied to illicit activities, including drug trafficking, identity theft, and child sexual abuse material. Multiple Charges vs Bitcoin Fog Operator Sterlingov was found guilty in March 2024 - [1inch Launches 'Take Crypto SeriousLee' With Bruce Lee Family](https://news.shib.io/2024/11/11/1inch-launches-take-crypto-seriouslee-with-bruce-lee-family/): Decentralized exchange aggregator 1inch has announced a long-term partnership with the Bruce Lee Family Company, aiming to popularize decentralized finance (DeFi) and Web3 technologies among a broader audience. The collaboration launches with a video ad campaign with the slogan “Take Crypto SeriousLee,” spotlighting Bruce Lee’s legacy to underscore the value of DeFi as the future of finance. 1inch seeks to reshape perceptions of crypto as a serious financial innovation rather than a mere speculative trend. In 2019, after two sleepless nights coding at ETHGlobal New York, @deacix and @k06a unleashed the unstoppable force of 1inch onto the blockchain—like Bruce Lee’s - [Why is Shiba Inu Surging? Shytoshi Kusama Reveals the Secret](https://news.shib.io/2024/11/11/why-is-shiba-inu-surging-shytoshi-kusama-reveals-the-secret/): Shiba Inu is defying gravity, soaring alongside major crypto assets, and everyone’s wondering why. Shytoshi Kusama, the visionary behind the Shiba Inu project, offers an intriguing explanation, revealing the secret behind SHIB’s remarkable surge and hinting at a future that transcends its meme coin origins. Over the weekend, Kusama took to X (formerly Twitter) to address the surprising price action. “For those baffled as to why a meme like #SHIB could rally alongside the big bois… it’s time we showcased the power, technologies, and innovative thinking that led us through the bear market,” Kusama said.  This comment suggested that SHIB’s - ['End the Fed' Movement Gains Traction with Musk, Tech Leaders' Support](https://news.shib.io/2024/11/11/end-the-fed-movement-gains-traction-with-musk-tech-leaders-support/): The “End the Fed” movement is gaining serious traction, fueled by none other than Elon Musk and a chorus of tech leaders. Their support injects new energy into the debate over the Federal Reserve’s future, raising questions about the central bank’s role and sparking speculation about a potential shift toward decentralized financial systems, particularly Bitcoin. The debate over the Federal Reserve’s existence wasn’t new, but it reached a fever pitch recently. The involvement of tech leaders and influential personalities like Elon Musk amplified the call to abolish the central bank, injecting fresh urgency and mainstream attention into the discussion. This - [Bitcoin Hits Record High, But CryptoQuant CEO Predicts Year-End Slump to $59K](https://news.shib.io/2024/11/11/bitcoin-hits-record-high-but-cryptoquant-ceo-predicts-year-end-slump-to-59k/): Bitcoin soars to new heights, smashing past $81,000 for a new all-time high. However, a recent forecast hints at a significant year-end correction, pegging Bitcoin’s 2024 closing price near $59,000.  CryptoQuant CEO Ki Young Ju made a concerning prediction about the price of Bitcoin, the world’s largest crypto asset by market capitalization, citing an overheated futures market as the primary catalyst for the anticipated downturn. Ju issued his prediction via X (formerly Twitter) over the weekend, launching a contest offering 0.1 BTC to the user with the closest guess. He acknowledged Bitcoin’s current price discovery phase. However, he expressed concern - [Crypto CEO Survives Kidnapping After $1M Ransom Paid](https://news.shib.io/2024/11/10/crypto-ceo-survives-kidnapping-after-1m-ransom-paid/): A Toronto crypto CEO is safe after a harrowing kidnapping ordeal. A $1 million ransom has reportedly been paid for his release, raising new concerns about the security risks facing high-profile figures in the cryptocurrency industry. Dean Skurka, CEO of WonderFi Technologies, a Canadian cryptocurrency trading platform, was abducted near University Avenue and Richmond Street West during Wednesday’s evening rush hour. Toronto police confirmed the incident, stating that suspects forced Skurka into a vehicle and demanded a ransom. Approximately an hour later, Skurka was released unharmed at Centennial Park in Etobicoke. While neither Skurka nor WonderFi officially commented on the - [BAD Idea AI: S.A.R.A.H. Begins AI Interviewer Experiment](https://news.shib.io/2024/11/10/bad-idea-ai-s-a-r-a-h-begins-ai-interviewer-experiment/): The BAD Idea AI community has taken a bold step forward by having its AI bot, S.A.R.A.H., conduct an exclusive interview, pushing the boundaries of artificial intelligence in content creation and human interaction. This innovative project is generating excitement and curiosity as the community explores the potential of AI-driven interviewers. The project was initially unveiled through a video interview posted on X (formerly Twitter), prompting discussions about the capabilities and implications of AI-driven interviewers. Mr.Lightspeed, the listing manager of $BAD Idea AI, emphasized the community-driven nature of the project in a subsequent post.  “What’s cool about this new piece of - [Shiba Inu Visionary Sees 'Ahead of Its Time' Proposal Echoed in Trump's 'Freedom Cities' Plan](https://news.shib.io/2024/11/10/shiba-inu-visionary-sees-ahead-of-its-time-proposal-echoed-in-trumps-freedom-cities-plan/): Shytoshi Kusama, the visionary of the Shiba Inu cryptocurrency project, draws a parallel between U.S. President Donald Trump’s “Freedom Cities” plan and their recently unveiled “Strategic Hub for Innovation in Blockchain (S.H.I.B.)” proposal.  Trump’s vision, highlighted in an X post by @MJTruthUltra, outlines a plan for ten new technologically advanced cities built on federally owned land. These “Freedom Cities” would emphasize futuristic technology, including flying cars, alongside the revitalization of underserved communities through new industries.  Trump’s plan also addresses cost of living challenges, promotes single-family home construction, and suggests baby bonuses to stimulate population growth. Aesthetic enhancements, such as removing - [Shiba Inu Breaks Key Resistance, Bullish Signals Emerge](https://news.shib.io/2024/11/10/shiba-inu-breaks-key-resistance-bullish-signals-emerge/): Shiba Inu (SHIB) is exploding higher, up over 6% today as it breaks through the key $0.000020 resistance level. Trading volume is surging, and technical indicators are flashing bullish signals. This breakout has ignited excitement among investors, prompting speculation about the potential start of a significant rally. The price jump is supported by robust market indicators. SHIB’s market capitalization has climbed to $11.87 billion, a 5.51% increase mirroring the price surge. A significant rise in trading volume, up 10.31% to $664.48 million in the last 24 hours (as depicted in the accompanying chart), further confirms the strength of this move. - [Agent Shiboshi Tournament Kicks Off: Battle for a $250 BONE Prize Pool](https://news.shib.io/2024/11/09/agent-shiboshi-tournament-kicks-off-battle-for-a-250-bone-prize-pool/): Shiba Army, get your paws ready – the first ever Agent Shiboshi rewarded tournament is about to kick off, and there’s a juicy 250 BONE prize pool up for grabs!  If you’ve been itching to prove your skills in this slick, hypercasual espionage game, this is your chance to shine. This ain’t just another leaderboard you climb – this is a chance to earn those sweet, sweet BONEs. Think of it as a digital dogfight with a hefty reward. But first, let’s talk about the rules. This tournament is not your casual Agent Shiboshi session. This is a Web3 tournament, - [Detroit Positions Itself as Blockchain Pioneer: Soon to Accept Crypto Payments for Taxes](https://news.shib.io/2024/11/08/detroit-positions-itself-as-blockchain-pioneer-soon-to-accept-crypto-payments-for-taxes/): Detroit officials recently announced that residents will be able to pay taxes and city fees using cryptocurrency via a secure PayPal platform starting in mid-2025. This initiative positions Detroit as the largest U.S. city to accept crypto payments and aims to attract and retain tech startups in the Motor City. The announcement on Thursday revealed that this new payment method is part of a broader strategy to adopt innovative technologies aimed at improving public services and boosting economic growth. This initiative simplifies transactions for Detroit residents and demonstrates the city’s commitment to attracting blockchain and tech entrepreneurs. “Detroit is building - [BlockFi Lending License Revoked Over Unsafe Practices](https://news.shib.io/2024/11/08/blockfi-lending-license-revoked-in-california-over-unsafe-practices/): The California Department of Financial Protection and Innovation (DFPI) announced on Thursday that it has revoked the lending license of crypto lender BlockFi Lending LLC due to multiple regulatory violations. BlockFi agreed to the revocation of its California Financing Law (CFL) license and to cease unsafe practices as part of a settlement with the DFPI. The action follows an examination by the regulator and a prior license suspension in November 2022. BlockFi Violations The DFPI found that BlockFi violated the CFL by failing to assess borrowers’ ability to repay loans, charging interest before loan proceeds were disbursed, and not providing - [Agent Shiboshi Launches on Shibarium: Espionage Game Hits the Blockchain](https://news.shib.io/2024/11/08/agent-shiboshi-takes-aim-shiba-inus-latest-game-hits-shibarium/): Agent Shiboshi has officially infiltrated Shibarium, bringing espionage, action, and that unmistakable Shiba Inu charm to the blockchain.  Agent Shiboshi isn’t your average click-and-play. Inspired by none other than the suave, martini-sipping, tuxedo-wearing Bond himself, Agent Shiboshi is set to be Shibarium’s hypercasual powerhouse, delivering bite-sized missions with big-time thrills.  If Shiba Eternity Web3 had you hooked, this one’s going straight for the jugular, inviting players into a world of intrigue, danger, and, of course, Shadowcat-shattering combat. Agent Shiboshi is just the first in a series of hypercasual games designed to sweep the crypto gaming scene, and Shibarium is the - [North Korean Hackers Target Crypto Firms with Hidden Risk Malware](https://news.shib.io/2024/11/08/north-korean-hackers-target-crypto-firms-with-hidden-risk-malware-campaign/): Cybersecurity firm SentinelLabs has identified a new malware campaign called Hidden Risk, launched by North Korean hackers BlueNoroff, targeting cryptocurrency businesses. The campaign, first observed in October but possibly active since July, uses phishing emails with fabricated crypto news headlines to infiltrate organizations in the crypto industry, SentinelLabs said in a report released on Thursday. Phishing emails contain links to PDFs on topics such as “Hidden Risk Behind New Surge of Bitcoin Price” and “Altcoin Season 2.0—The Hidden Gems to Watch,” aiming to lure victims into downloading malware. North Korean hackers BlueNoroff reportedly impersonated real individuals from unrelated industries, forwarding - [playwithshib.games: The Shiba Inu Gaming Universe Has a New Home](https://news.shib.io/2024/11/08/playwithshib-games-the-shiba-inu-gaming-universe-has-a-new-home/): Get your paws ready—playwithshib.games has just landed, officially rolling out the red carpet for Shiba Inu’s entire gaming universe! This shiny new site is the ultimate doghouse for all things Shiba Inu gaming. Whether you’re barking up the Shiba Eternity Web3 tree, sniffing out the mysteries of blockchain gaming, or just curious about what the Shib Army’s been digging into lately, it’s all here. Finally, everything’s corralled under one roof for exploration, heated competition, and, of course, a bit of $BONE-snatching and $BONE-collecting action. Woof! No more wandering from one digital fire hydrant to the next in search of Shiba - [Powell Stands Firm: Fed Chair Won't Resign if Requested to by Trump](https://news.shib.io/2024/11/08/powell-stands-firm-fed-chair-wont-resign-if-requested-to-by-trump/): In a bold display of defiance, Federal Reserve Chair Jerome Powell has just declared he will not resign, even if President-elect Donald Trump demands it. The move throws a wrench into the already contentious relationship between the two figures. Powell, addressing reporters on Thursday after the Fed’s decision to cut interest rates, firmly asserted that the president does not have the power to fire or demote him, declaring, “Not permitted under the law.” This declaration underscores the deep tension brewing between the two men. The friction between Trump and Powell has been simmering for some time. Trump appointed Powell in - [Hong Kong SFC Seeks Feedback on Licensing Regime for Crypto OTC Services](https://news.shib.io/2024/09/13/hong-kong-sfc-seeks-feedback-on-licensing-regime-for-crypto-otc-services/): The Hong Kong Securities and Futures Commission (SFC) is seeking opinions from industry participants on a proposed licensing regime for cryptocurrency over-the-counter (OTC) services.  The new framework would involve both the SFC and the Customs and Excise Department (C&ED) overseeing companies that provide OTC trading services.  A report from the South China Morning Post highlighted initial plans for the C&ED to solely manage the regulations and licensing for OTC services, as outlined in a proposal made public in February. OTC trading services allow users to buy and sell cryptocurrencies privately, often facilitating direct high-volume transactions between parties outside traditional exchanges. - [The Future of Blockchain Scalability: ZK-Rollups and Buterin’s ‘Era of Cryptographic Trust’](https://news.shib.io/2024/09/13/the-future-of-blockchain-scalability-zk-rollups-and-buterins-era-of-cryptographic-trust/): Envisioning the future of blockchain, Layer 2 (L2) solutions in the form of zero-knowledge rollups (ZK-rollups) are a promising innovation and a major step forward for a more efficient ecosystem. These protocols aim to alleviate the computational and storage burdens on-chain by utilizing off-chain networks. This results in enhanced blockchain scalability, faster transaction speeds, and lower costs. Vitalik Buterin’s New Benchmark for Rollups The Shib Daily previously reported that Ethereum co-founder Vitalik Buterin shared his intention on social media platform X to make public mentions of L2s that are “stage 1+” starting next year. Pointing to a post he published - [Shibarium Garners Praise for Robust Security Measures Amid Rising Blockchain Threats](https://news.shib.io/2024/09/13/shibarium-garners-praise-for-robust-security-measures-amid-rising-blockchain-threats/): Shibarium, the Layer-2 solution for the Shiba Inu crypto project, is making waves not just for its promise of scalability and reduced transaction fees but also for its comprehensive security architecture. As the blockchain industry faces escalating threats, a recent spotlight on Shibarium’s multi-layered security measures highlights its commitment to safeguarding user assets and providing a secure environment for decentralized applications. NOWNodes, a prominent blockchain infrastructure provider, recently published a blog post commending Shiba Inu’s layer-2 blockchain’s robust security architecture. The firm emphasized that Shibarium “integrates multiple security mechanisms to ensure that Shibarium is secure for both users and developers.” - [MicroStrategy Bitcoin Bet Yields Double-Digit Returns Amid Market Uncertainty](https://news.shib.io/2024/09/13/microstrategy-bitcoin-bet-yields-double-digit-returns-amid-market-uncertainty/): While other cryptocurrencies fluctuate and regulatory scrutiny intensifies, MicroStrategy, the business intelligence firm led by Bitcoin evangelist Michael Saylor, remains steadfast in its conviction. The firm announced Friday the acquisition of another 18,300 Bitcoins worth approximately $1.11 billion — further solidifying its position as the largest publicly traded corporate holder of the digital asset. In its Form 8-K filing with the United States Securities and Exchange Commission (SEC), MicroStrategy said that the purchase was worth $1.11 billion for an average price of $60,408 per Bitcoin, including expenses and fees. The company has been consistently expanding its Bitcoin holdings since its first purchase in - [Vitalik Buterin Calls for Greater Decentralization of Layer-2 Networks](https://news.shib.io/2024/09/13/vitalik-buterin-calls-for-greater-decentralization-of-layer-2-networks/): Ethereum co-founder Vitalik Buterin has announced that he will limit his public references to layer-2 networks that are not decentralized enough.  In a post on X yesterday, Buterin wrote, “Starting next year, I plan to only publicly mention (in blogs, talks, etc) L2s that are stage 1+,” referring to the minimum standard set in his 2022 framework for classifying rollups based on their level of decentralization. He added, “It doesn’t matter if I invested, or if you’re my friend; stage 1 or bust.” This move aims to push layer-2 projects to advance beyond what he describes as “training wheels,” which - [Shiba Inu Faces Potential 480% Surge As It Breaks Out This Key Metric](https://news.shib.io/2024/09/13/shiba-inu-faces-potential-480-surge-as-it-breaks-out-this-key-metric/): Shiba Inu (SHIB) is showing signs of renewed life. A recent breakout from a falling wedge pattern, a bullish technical indicator, has ignited speculation of a significant price surge, potentially exceeding 480%. Crypto analyst JAVONMARKS (@JavonTM1 on X) told their over 42,000 followers on the micro-blogging site that the breakout in the falling wedge could propel SHIB towards its target of $0.000081, representing a potential gain of over 480% from its current price. A Bullish Shiba Inu Signal A falling wedge is a technical chart pattern characterized by converging trendlines that slope downwards, forming a wedge-like shape. A breakout above - [UK Court Recognizes Tether (USDT) as Legal Property in Landmark Ruling](https://news.shib.io/2024/09/13/uk-court-recognizes-tether-usdt-as-legal-property-in-landmark-ruling/): The UK High Court passed a ruling on Thursday declaring that stablecoin Tether (USDT) is now recognized legally as property under English law.  This decision comes just a day after the UK introduced a new bill recognizing crypto and other digital assets as personal property in England and Wales. This was partly triggered by a recent case involving a fraud victim whose cryptocurrencies, including Tether, were stolen. His cryptos were transferred through various exchanges after they were laundered via crypto mixers. The UK government introduced the Property Bill on Wednesday, counting digital assets such as cryptocurrencies, non-fungible tokens (NFTs), and carbon - [Trump to Launch World Liberty Financial, Calls Big Banks 'Slow and Outdated'](https://news.shib.io/2024/09/13/trump-to-launch-world-liberty-financial-calls-big-banks-slow-and-outdated/): Republican presidential candidate Donald Trump announced the launch of his new crypto platform World Liberty Financial on Friday.  Through a video posted on X, the former U.S. President shared plans to go live on Twitter Spaces at 8 pm EST on September 16 where the official launch will happen. Trump started off as a critic of crypto to eventually become a great advocate over the years. “We are embracing the future with crypto and leaving the slow and outdated big banks behind,” he said. .@WorldLibertyFi pic.twitter.com/rHEGQXl4jL — Donald J. Trump (@realDonaldTrump) September 12, 2024 He has also been speaking critically of - [Is Shibarium Ready to Soar? Revolutionary Bor & Cancun Upgrades Arrive](https://news.shib.io/2024/09/13/holdshibarium-puppynet-gets-a-power-boost-with-bor-upgrade-and-cancun-hard-fork/): Shibarium, the Layer-2 scaling solution for the Shiba Inu ecosystem, is poised for a significant upgrade, impacting performance, security and scalability.  The Puppynet test network is undergoing a crucial transformation with the Bor upgrade to version 1.3.7-bone-beta and the implementation of the Cancun hard fork. These enhancements, scheduled to take effect at 02:30 a.m. ET Friday, promised to bolster the network’s performance, security, and overall efficiency, paving the way for a smoother and more robust user experience. Bringing  Ethereum’s Best Practices to Shibarium The Bor upgrade and Cancun hard fork represent a concerted effort by the Shiba Inu development team - [Price Spike Imminent? BONE Supply Scarcity Looms As Diamond Hands Tighten Grip](https://news.shib.io/2024/09/13/bone-price-spike-imminent-supply-scarcity-looms-as-diamond-hands-tighten-grip/): A subtle but significant shift is underway in the Shiba Inu ecosystem. Investors, increasingly adopting a “diamond hands” strategy, are holding onto their BONE tokens, shrinking the available supply and potentially setting the stage for a price surge. BONE Holders Dig In The number of BONE traders has decreased significantly over the past week. Just 1.15% of holders are now actively trading, down from 1.8% a week ago. This indicates a growing preference for long-term holding, effectively removing tokens from circulation. With a fixed maximum supply of 249,999,401.82 BONE, this reduced trading activity is creating scarcity. Basic economics suggests that - [Tennessee Rep. John Rose Proposes New Bill for Joint Crypto Advisory Committee](https://news.shib.io/2024/09/13/tennessee-rep-john-rose-proposes-new-bill-for-joint-crypto-advisory-committee/): Tennessee Congressman John Rose has introduced the “BRIDGE Digital Assets Act,” proposing the creation of a joint digital asset advisory committee between the U.S. Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). The bill aims to harmonize regulations for digital assets, which have faced varying interpretations by the two regulatory bodies. Also, the proposed committee would consist of 20 private sector members, including digital asset issuers, academic researchers, and users. The purpose of this committee, according to Rose, would be to provide both agencies with guidance on their respective rules, regulations, and policies related to digital - [OpenAI Unveils New AI Series with Advanced Reasoning Capabilities](https://news.shib.io/2024/09/13/openai-unveils-new-ai-series-with-advanced-reasoning-capabilities/): OpenAI, the parent company of popular generative AI platform ChatGPT, has announced its major product release. It runs with the codename Strawberry and is officially called OpenAI o1. As of now, the variations available are o1-preview and o1-mini.  Announced on Thursday, these models’ functionality is comparable to that of a human’s, as noted by the product makers. They have better thinking capabilities, equipped with training that helps them learn to enhance their cognitive skills, explore various strategies, and identify their mistakes. “In our tests, the next model update performs similarly to PhD students on challenging benchmark tasks in physics, chemistry, - [Gary Gensler Under Scrutiny by House Republicans Over Alleged Hiring Bias](https://news.shib.io/2024/09/13/gary-gensler-under-scrutiny-by-house-republicans-over-alleged-hiring-bias/): U.S. House Republicans have initiated an investigation into U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler, alleging that the agency may be favoring candidates based on political affiliations during their hiring process. Lawmakers claim this practice could be in violation of federal law, specifically the Civil Service Reform Act of 1978. On Tuesday, Republican lawmakers Jim Jordan, Patrick McHenry, and James Comer sent a letter to Democrat Gensler, accusing him of hiring “individuals from left-leaning organizations to fill senior roles at the SEC.”  The lawmakers cited email correspondence from May 2021, claiming it shows that Gensler’s decision to hire - [Crypto Daily Recap: Thursday](https://news.shib.io/2024/09/13/crypto-daily-recap-thursday/): Thursday proved to be another eventful day in the ever-evolving world of crypto and blockchain technology, with headlines ranging from legislative milestones to regulatory crackdowns and the continued rise of stablecoins. The global landscape is shifting, with governments grappling with the implications of digital assets and the technology that underpins them. UK, Brazil Shape Crypto Future, Singapore Paves the Way The United Kingdom took a significant step towards legitimizing the crypto space by introducing a bill that recognizes digital assets as personal property. This landmark move, echoing similar sentiments expressed in other jurisdictions, lays the groundwork for a future where - [Google AI Model Faces Scrutiny as Data Protection Commission Questions Compliance](https://news.shib.io/2024/09/12/google-ai-model-faces-scrutiny-as-data-protection-commission-questions-compliance/): The Data Protection Commission (DPC) announced Thursday that it has initiated a cross-border statutory inquiry into Google Ireland Limited due to concerns about the latter’s compliance with European data protection laws.  As per a press statement, the investigation focuses on whether Google conducted a Data Protection Impact Assessment (DPIA). The expectation is that Google should have complied with the guidelines before processing the personal data of EU and European Economic Area (EEA) citizens during the development of its artificial intelligence (AI) model, Pathways Language Model 2 (PaLM 2). The DPC stressed the importance of DPIA, as it is a key - [UK Introduces Bill Recognizing Digital Assets as Personal Property](https://news.shib.io/2024/09/12/uk-introduces-bill-recognizing-digital-assets-as-personal-property/): The United Kingdom has introduced a new bill that recognizes crypto and other digital assets as personal property, according to a press release. The Property (Digital Assets, etc.) Bill recognizes digital assets, such as cryptocurrency, non-fungible tokens (NFTs), and carbon credits, as personal property. The release, published on Wednesday, says this will be the first time these digital assets will fall under the protection of English and Welsh property law.  Prior to this, digital assets were not recognized as property under the laws of England and Wales. This would often leave owners in a legal grey area if their assets were - [US Senators Push for Investigation into Generative AI Over Antitrust Concerns](https://news.shib.io/2024/09/12/us-senators-push-for-investigation-into-generative-ai-over-antitrust-concerns/): U.S. Senators, led by Amy Klobuchar, have formally asked the Department of Justice (DOJ) and the Federal Trade Commission (FTC) to examine generative AI tools used by major tech companies like Google and Meta for potential antitrust violations. In a letter addressed to FTC Chair Lina Khan and Assistant Attorney General Jonathan Kanter, the senators argued that such AI tools may misuse content created by third parties, such as journalists, without providing compensation. They expressed concerns about how these tools reproduce online content without directing users to the original sources. The letter states that the AI software incorporated into search - [Brazil Launches Operation Niflheim to Crack Down on Cryptocurrency Tax Evasion and Money Laundering](https://news.shib.io/2024/09/12/brazil-launches-operation-niflheim-to-crack-down-on-cryptocurrency-tax-evasion-and-money-laundering/): The Federal Revenue Service is collaborating with the Brazilian Federal Police to launch a campaign to carry out investigations on tax crimes linked to cryptocurrency transactions in Brazil.  Operation Niflheim is a joint initiative aimed at investigating illegal financial activities, tax evasion, and the use of hidden strategies by those involved in suspicious or unauthorized transactions.  The authorities have, so far, served 23 search warrants in Brazil across four major cities: Caxias do Sul (RS), São Paulo (SP), Fortaleza (CE), and Brasília (DF). A Caxias do Sul-based company that moved over R$19 billion (approx. $3.4 billion) between August 2019 and - [K9 Finance Announces Mainnet Launch with Multi-Chain Liquid Staking Platform](https://news.shib.io/2024/09/12/k9-finance-announces-mainnet-launch-with-multi-chain-liquid-staking-platform/): K9 Finance, Shiba Inu’s liquid staking partner, has reminded everyone through its X account that the Mainnet launch is just seven days away. On its X post, K9 shared that its liquid staking platform will be enabled on both the Ethereum and Shibarium networks. Through this move, K9 aims to strengthen its presence as the first on the Shibarium, allowing users to leverage the power of $BONE tokens on Ethereum. Users can then simultaneously tap into the new opportunities provided on the network.  🚀 7 DAYS UNTIL K9 MAINNET LAUNCH! 🚀 🎉Today's Highlight: Multi-Chain Functionality! 🎉 The K9 Liquid Staking Platform - [Stablecoin Payments in Singapore Hit Record High in Q2, Approaching $1 Billion](https://news.shib.io/2024/09/12/stablecoin-payments-in-singapore-hit-record-high-in-q2-approaching-1-billion/): Stablecoin payments in Singapore hit a record high of nearly $1 billion in the second quarter, driven by merchant transactions, according to a report from Chainalysis on Wednesday. Eric Jardine, Cybercrimes Research Lead at Chainalysis, believes that businesses in Singapore are attracted to stablecoins. It is because of their “efficiency and low cost.” Users can now utilize Singapore’s XSGD stablecoin, along with Bitcoin, Ether, Circle USD, and Tether, to pay for various services. Decoding Stablecoins A type of cryptocurrency designed to maintain a stable value, stablecoins are mostly pegged to a fiat currency like the U.S. dollar. People often use - [eToro to Pay $1.5 Million to Settle SEC Charges Over Unregistered Operations](https://news.shib.io/2024/09/12/breaking-etoro-to-pay-1-5-million-to-settle-sec-charges-over-unregistered-operations/): eToro, a popular crypto exchange, has settled with the Securities and Exchange Commission (SEC) over allegations that it operated as an unregistered broker and clearing agency. The SEC announced today that eToro will pay a $1.5 million penalty and limit the crypto assets available for trading on its platform. The settlement stems from findings that, since at least 2020, eToro allowed U.S. customers to trade crypto assets considered securities without adhering to registration requirements under federal securities laws. The SEC’s order requires eToro to “cease and desist from violating the applicable federal securities laws” and restrict trading to only Bitcoin, - [Shiba Inu Burn Rate Surges Over 8000% ](https://news.shib.io/2024/09/12/shiba-inu-burn-rate-surges-over-8000/): The Shiba Inu (SHIB) cryptocurrency ecosystem saw a sharp increase in its burn rate on Tuesday, with 3,106,197 SHIB tokens burned, representing an 8,193.59% rise in the burn rate. Data from Etherscan indicated that the sudden spike in SHIB’s burn rate saw over three million tokens sent to dead wallets, effectively removing them from circulation. This process occurred across eight separate transactions, one of which involved burning one million tokens in a single go. The increased burn rate was noted when SHIB’s burn activities had generally decreased, coinciding with a recent downtrend in the token’s price. Following the reported burn - [Crypto Daily Recap: Wednesday](https://news.shib.io/2024/09/12/crypto-daily-recap-wednesday/): A sense of uncertainty pervaded the crypto market on Wednesday. Despite continued progress in global adoption, a major exchange hack, persistent regulatory questions, and the looming U.S. election injected a dose of volatility, leaving investors and industry players to navigate a complex and unpredictable landscape. Crypto Adoption Flourishes Despite Legal Hurdles India’s Cryptocurrency Paradox: Despite facing a complex and often contradictory legal framework, India remained at the forefront of global crypto adoption. The nation’s burgeoning tech-savvy population continued to embrace digital assets, signaling a strong belief in the future of decentralized finance. Indodax Breach Raises Security Concerns: A dark cloud descended upon - [US Core Inflation Rises by 0.3 Percent in August; Bitcoin Remains Unaffected](https://news.shib.io/2024/09/12/us-core-inflation-rises-by-0-3-percent-in-august-bitcoin-remains-unaffected/): The U.S. core inflation rate, which excludes food and energy costs, increased by 0.3% in August, surpassing the forecasted rise of 0.2%. This follows a 0.2% increase in July. On a year-over-year basis, the core Consumer Price Index (CPI), remained at 3.2%, per economists’ expectations. On the other hand, the headline CPI rose by 0.2% in August, following the same increase in July. When it comes to year-on-year, the headline CPI was up 2.5%, slightly below the anticipated 2.6% and lower than the 2.9% increase in July. Ben Ayers, a senior economist at Nationwide, noted in a statement to Reuters, - [How to Report Crypto Frauds and Scams to the FBI](https://news.shib.io/2024/09/11/how-to-report-crypto-frauds-and-scams-to-the-fbi/): As we see an increase in the numbers of individuals seeking investment opportunities in cryptocurrency, scams and fraudulent schemes targeting them are also on the rise. From fake exchanges to misleading investment opportunities, countless individuals have fallen victim to these malicious acts. Reporting cryptocurrency scams to the Federal Bureau of Investigation (FBI) is an effective way to fight back and pursue a resolution. According to information from the FBI’s website, cryptocurrency investment fraud ranks among the most widespread and detrimental types of fraud. The Shib Daily previously reported that Americans have lost approximately $5.6 billion to cryptocurrency scams in 2023, - [Cross Over to Shibarium](https://news.shib.io/2024/09/11/cross-over-to-shibarium/): Read the latest edition of The Shib magazine here. - [Exclusive: Anndy Lian Discusses the Future of NFT Bridges](https://news.shib.io/2024/09/11/exclusive-anndy-lian-discusses-the-future-of-nft-bridges/): Non-Fungible Tokens (NFTs) have exploded in popularity, extending their reach beyond digital art and collectibles into the realms of gaming, the metaverse, and decentralized finance (DeFi). Central to this expansion is the rise of NFT bridges – sophisticated protocols that act as digital conduits, connecting previously isolated blockchain networks and enabling the seamless transfer of NFTs across diverse ecosystems.  As the NFT market continues its meteoric rise, the role of these bridges in shaping the future of this burgeoning industry becomes increasingly critical. However, the path to this interoperable future is not without its challenges. Scalability limitations, security vulnerabilities, and - [Standard Chartered Debuts Digital Asset Custody in the UAE](https://news.shib.io/2024/09/11/standard-chartered-debuts-digital-asset-custody-in-the-uae/): The United Arab Emirates’ (UAE) is strengthening its position as a global hub with the recent launch of Standard Chartered’s new digital asset custody service. The announcement was made Tuesday through a press release. The Dubai Financial Services Authority (DFSA), which operates within the Dubai International Financial Centre (DIFC), granted the license a little over a year after the memorandum of understanding between the concerned parties was signed in May 2023. Brevan Howard Digital, the crypto and digital asset division of Brevan Howard is a main client. Standard Chartered’s new service will enable clients to keep their digital assets safe. - [Bitcoin Faces Uncertain Future Amid Shifting Tides](https://news.shib.io/2024/09/11/bitcoin-faces-uncertain-future-amid-shifting-tides/): The Bitcoin market finds itself at a crossroads, navigating a turbulent landscape of fluctuating investor sentiment and a complex macroeconomic backdrop.  Shubh Varma, CEO and Co-founder of Hyblock Capital, warned of heightened volatility in a recent market report, while also highlighting potential opportunities for the leading cryptocurrency amid shifting winds. Bitcoin Market Sentiment Remains Volatile Varma’s analysis painted a picture of a market characterized by rapid and dramatic swings in sentiment. “Market sentiment has been rapidly shifting, moving from greed to fear, and even briefly touching ‘extreme fear’,” he noted in a report shared with The Shib Daily.  “These extreme - [Singapore Casinos Go Cashless, Say 'No' to Crypto Over Security Concerns](https://news.shib.io/2024/09/11/singapore-casinos-go-cashless-say-no-crypto-over-security-concerns/): Singapore is stepping forward in modernizing its casino industry by approving cashless gaming transactions. Unfortunately, the amendment does not cover cryptocurrency transactions. This decision, announced Tuesday in a closing speech by Sun Xueling, the Minister of State for Social and Family Development and Minister of State for Home Affairs, marked the second reading of the Casino Control (Amendment) Bill. The shift to cashless transactions is part of Singapore’s broader strategy to enhance its casino operations. Following the new rules, players can now place wagers using virtual credits through cashless gaming accounts or e-wallets, thus, eliminating the need for physical cash - [India Maintains Top Position in Global Crypto Adoption](https://news.shib.io/2024/09/11/india-maintains-top-position-in-global-crypto-adoption/): India remains a global leader in grassroots cryptocurrency adoption, according to the 2024 Global Crypto Adoption Index released by Chainalysis.  The report evaluated 154 countries using various metrics to determine where individuals are investing the most in cryptocurrencies, including crypto transactions on centralized exchanges, decentralized finance (DeFi) platforms, and peer-to-peer trading. India retained its top position in this index, a rank it also held in the previous year’s report. The 2024 index also features Nigeria, Indonesia, the United States, Vietnam, Ukraine, and Russia in the top ten, indicating a strong interest in cryptocurrencies across the Central and Southern Asia and - [Caroline Ellison Seeks Leniency, Casts Herself as Victim in FTX Saga](https://news.shib.io/2024/09/11/ellison-seeks-leniency-casts-herself-as-victim-in-ftx-saga/): In a bid to avoid prison time for her role in the spectacular collapse of the cryptocurrency exchange FTX, Caroline Ellison, the former chief executive of Alameda Research, is asking a federal judge for leniency, portraying herself as a victim of manipulation by FTX founder Sam Bankman-Fried and her own psychological vulnerabilities.  Ellison Pleas for Time Served in FTX Saga Ellison’s legal team, in a late-night court filing Tuesday, argued that her extensive cooperation with authorities, coupled with the damaging influence of Bankman-Fried, warrants a sentence of time served and supervised release, rather than incarceration. The filing, accompanied by personal - [Indodax Hacked for Over $22M as Security Breach Hits Hot Wallets](https://news.shib.io/2024/09/11/indodax-hacked-for-over-22m-as-security-breach-hits-hot-wallets/): Indonesian cryptocurrency exchange Indodax experienced a security breach early Tuesday, resulting in the theft of over $22 million in digital assets from its hot wallets.  Security researchers from firms like SlowMist and CertiK reported the theft on X, detailing that the hacker stole large amounts of Bitcoin, Tron, ETH, Polygon (POL), and Shiba Inu SHIB, among other tokens. According to Arkham data, despite the breach, Indodax’s wallets still reportedly hold more than $400 million in various tokens. Indodax, established in 2014 and targeting the Indonesian market, saw over $11 million worth of cryptocurrencies traded in the 24 hours leading to - [FCA Charges London Man for Running Illegal Crypto ATMs](https://news.shib.io/2024/09/11/fca-charges-london-man-for-running-illegal-crypto-atms/): The Financial Conduct Authority (FCA) in the United Kingdom on Tuesday charged 45-year-old Olumide Osunkoya for running multiple crypto ATMs without a proper FCA registration. “Mr Osunkoya is accused of running crypto ATMs, which processed £2.6m (approx. $3.4 million) in crypto transactions across multiple locations between 29 December 2021 and 8 September 2023 without the required registration,” the agency said in a press release.  This is reportedly the first time an individual is being charged in relation to illegal crypto ATMs. Osunkoya is scheduled to appear at Westminster magistrates court at the end of this month. Crypto ATMs operate by - [Crypto Takes Center Stage in 2024 US Presidential Race](https://news.shib.io/2024/09/11/crypto-take-center-stage-in-2024-us-presidential-race/): The 2024 US presidential election is shaping up to be a watershed moment for the crypto industry, as digital assets emerge not just as a niche topic for tech enthusiasts but as a defining issue for American voters.  For the first time, a significant portion of the electorate is prioritizing a candidate’s stance on cryptocurrencies, signaling a dramatic shift in the political landscape and the growing recognition of cryptocurrency’s potential to reshape the future of finance, technology, and even democracy itself. This newfound prominence has ignited a fierce debate, pitting proponents who tout cryptocurrency’s potential for innovation and economic empowerment - [TDC Calls for Congress to Exempt NFTs from SEC Regulations](https://news.shib.io/2024/09/11/tdc-calls-for-congress-to-exempt-nfts-from-sec-regulations/): The Digital Chamber (TDC) on Tuesday called for legislation that would help clearly define certain Non-fungible tokens (NFTs) as consumer products, adding that these should not be categorized as securities.  This move appears to have been sparked by the ongoing conflict between the Securities and Exchange Commission and the digital assets industry. Things escalated when the SEC issued a Wells notice to OpenSea, a popular NFT marketplace, and tagged NFTs as unregistered securities.  TDC said NFTs have a consumptive purpose, not financial, so they should not be classified as securities under the SEC, or any equivalent classification.  Consumptive-use NFTs, like - [AI Fraud in Music: How Technology Fueled a $10M Streaming Scam](https://news.shib.io/2024/09/11/ai-fraud-in-music-how-technology-fueled-a-10m-streaming-scam/): North Carolina resident Michael Smith was arrested Wednesday after he was found using artificial intelligence (AI) to create a plethora of songs and monetize these illegally. Smith allegedly streamed his songs continuously using bot accounts to generate royalty payments worth over $10 million. U.S. Attorney Damian Williams said in an official release that Smith, a 52-year-old musician, would stream the AI-generated songs to steal royalties.  “Through his brazen fraud scheme, Smith stole millions in royalties that should have been paid to musicians, songwriters, and other rights holders whose songs were legitimately streamed. Today, thanks to the work of the FBI - [Trump vs Harris Debate Ends in Tie with Crypto Left Out](https://news.shib.io/2024/09/11/trump-vs-harris-debate-ends-in-tie-with-crypto-left-out/): The debate between U.S. Vice President Kamala Harris and former President Donald Trump, hosted by ABC News, concluded with no clear winner and with no mention at all of Bitcoin and cryptocurrency. According to Polymarket data, the 90-minute debate apparently ended in a tie with 49% support for each candidate. The event began with a polite handshake and then quickly escalated into an intense exchange on various policy issues. At the start of the debate, the poll showed that Trump had 52% support as the favored candidate to win the upcoming presidential election. By the end of the event, this - [Crypto September Jinx: Will 'Redtember' Cast a Pall Over Bitcoin's Future?](https://news.shib.io/2024/09/11/september-crypto-jinx-will-redtember-cast-a-pall-over-bitcoins-future/): As summer fades and the leaves begin to turn, a familiar chill descends upon the cryptocurrency market. September, a historically turbulent month for digital assets, has earned the ominous nickname “Redtember” for its tendency to usher in price declines. This year, with the US Federal Reserve potentially poised to cut interest rates for the first time in four years and the shadow of a presidential election looming large, the question on every crypto investor’s mind is: Will the “September effect” rear its head once again, and will the ongoing scrutiny surrounding projects like Worldcoin further exacerbate the situation? September: A - [Crypto Ownership Trends Remain Stable In The US, UK - Gemini Report](https://news.shib.io/2024/09/11/crypto-ownership-trends-remain-stable-in-the-us-uk-gemini-report/): Gemini’s 2024 Global State of Crypto report reveals that cryptocurrency ownership has remained stable in key markets such as the United States, United Kingdom, France, and Singapore since 2022.  The report examines trends in crypto adoption, motivations for owning digital assets, and the impact of recent crypto exchange-traded fund (ETF) approvals. Despite recent market fluctuations, data shows that many investors are still committed to holding cryptocurrencies. In the United States, 21% of the respondents reported owning cryptocurrency, a figure unchanged from 2022. The United Kingdom maintained an 18% ownership rate over the same period. In France, the percentage of crypto - [Crypto Headlines: September 10](https://news.shib.io/2024/09/11/crypto-headlines-september-10/): The Shib Daily curates the most significant crypto news, so you won’t have to. Tuesday’s cryptocurrency headlines present a tapestry of regulatory fervor, investigative undertakings, and market movements that are shaping the industry’s landscape. Crypto Regulatory Crackdown and Fraud Epidemic In a dramatic escalation of regulatory oversight, the Securities and Exchange Commission has slapped nearly $4.7 billion in enforcement actions against cryptocurrency firms and executives in 2024, a staggering increase of over 3,000% from the previous year. This surge underscores a new era of heightened scrutiny and regulatory enforcement in the digital asset space, reflecting the SEC’s intensified efforts to - [FTX Settles with Emergent Technologies for $14M Amid Bankruptcy Proceedings](https://news.shib.io/2024/09/11/ftx-settles-with-emergent-technologies-for-14m-amid-bankruptcy-proceedings/): FTX, the bankrupt cryptocurrency exchange, filed a motion last Friday seeking the Delaware Bankruptcy Court’s approval to pay Antigua-based investment firm Emergent Technologies $14 million to address the latter’s claims to over $600 million worth of Robinhood shares (HOOD). The motion was filed by FTX CEO John Ray III, with the goal to cover potentially costly administrative fees and prevent any more expenses and recovery delays in relation to Emergent’s legal action over the more than 55 million HOOD shares in question. Multiple parties like Emergent co-founder Sam Bankman-Fried, BlockFi, Bankman-Fried, and Emergent, had been contesting ownership of the shares. - [Sony Bank to Launch New Yen-Pegged Stablecoin with Ethereum Layer 2](https://news.shib.io/2024/09/10/sony-bank-to-launch-new-yen-pegged-stablecoin-with-ethereum-layer-2/): Sony Bank, a subsidiary of Sony Group Corporation, is venturing into the cryptocurrency space by developing a yen-backed stablecoin. This initiative, in collaboration with Ethereum Layer 2 scaling solution Soneium, aims to bolster transaction efficiency and reduce costs by operating on a second-layer protocol. The announcement was first shared on social media by JC, a well-known figure in the decentralized finance (DeFi) community. “Ethereum Layer 2 Soneium by Sony will create a stablecoin for the Japanese Yen with Sony Bank. This is a very smart move by Sony,” JC commented, highlighting the strategic significance of this development. Stablecoins like Soneium - [Terraform Labs Settlement Boosts SEC Enforcement Action By 3000% to $4.68B](https://news.shib.io/2024/09/10/terraform-labs-settlement-boosts-sec-enforcement-action-by-3000-to-4-68b/): Terraform Labs’ (TFL) recent settlement with the Securities and Exchange Commission (SEC) has driven a 3000% increase in crypto-related fines in the past year compared to 2022, pushing the total to $4.68 billion, according to 2024 report by Social Capital Markets. The SEC fine was placed on Terraform Labs, along with its co-founder Do Kwon, for allegedly misleading investors and for the sale of unregistered securities, which included the now-defunct TerraUSD stablecoin. This case is said to be the largest on record in digital asset regulation, with severe penalties imposed. The dissolution of the Terra ecosystem, which destroyed billions in - [GS Partners Settles Five-State US Lawsuit Over Crypto Investment Schemes](https://news.shib.io/2024/09/10/gs-partners-settles-five-state-us-lawsuit-over-crypto-investment-schemes/): Five U.S. states have reached a settlement with GS Partners, the European firm behind multiple cryptocurrency investment schemes, including tokenized investments in a Dubai skyscraper.  The Texas State Securities Board (TSSB) announced on Monday that Texas, Alabama, Arizona, Arkansas, and Georgia have settled with GS Partners’ owner, Josip Heit, and his companies. The settlement ensures that investors will receive 100% of their money back. The settlement comes after a multi-jurisdictional investigation that began in November 2023. Regulators accused GS Partners of defrauding investors through various crypto investments by misrepresenting potential profits and downplaying risks. As part of the agreement, GS - [FBI Report: Americans Lose $5.6 Billion to Cryptocurrency Fraud in 2023](https://news.shib.io/2024/09/10/fbi-report-americans-lose-5-6-billion-to-cryptocurrency-fraud-in-2023/): A recent report released by the FBI’s Internet Crime Complaint Center (IC3) revealed that cryptocurrency fraud hit unprecedented levels in the U.S. in 2023. It stated that Americans lost around $5.6 billion in fraud.  The report states that cryptocurrency complaints represented only 10% of all crime reports, but they accounted for nearly 50% of the total financial losses. The digital asset landscape faces growing challenges where the anonymity of transactions creates fertile ground for exploitation. Among the 69,000 crypto-related complaints, individuals over 60 were the most targeted and frequently victimized. This age group lost a combined total of $1.6 billion.  - [Shiba Eternity Web3 15-Day Tournaments: How to Climb, Win, and Claim Your Rewards!](https://news.shib.io/2024/09/10/holdshiba-eternity-web3-15-day-tournaments-how-to-climb-win-and-claim-your-rewards/): Ah, the thrill of battle in the Shiba Eternity universe! If you’re ready to dive into the ultimate proving ground—the 15-Day Tournaments—then grab your cards, rally your Shiboshis, and prepare for a crash course in Shiba Eternity Web3 tournament mechanics. Here’s everything you need to know to conquer the battlefield and claim your rightful spot at the top of the leaderboards. What’s the Deal with 15-Day Tournaments? Every 15 days, the digital battlefield of Shiba Eternity Web3 resets, ushering in a fresh round of competition for all players. But this isn’t just any casual card game match-up. Oh no. These - [Singapore Probes Shadow Market for Worldcoin Accounts](https://news.shib.io/2024/09/10/singapore-probes-worldcoin-over-alleged-money-laundering-and-terrorism-financing/): A shadow market for Worldcoin accounts has drawn the scrutiny of Singaporean authorities, raising concerns about potential breaches of data privacy and the exploitation of the nascent cryptocurrency project. Illegal Trade of Worldcoin Accounts Gan Kim Yong, the country’s Deputy Prime Minister and Chairman of the Monetary Authority of Singapore (MAS), disclosed the probe on Monday, revealing that individuals are under investigation for allegedly facilitating the illicit trade of Worldcoin accounts and tokens. “The Police are investigating seven subjects for their suspected involvement in offering the services of buying or selling of Worldcoin accounts and tokens, which constitute offences under - [Privacy of Monero in Question After Chainalysis Surveillance Leak](https://news.shib.io/2024/09/10/privacy-of-monero-in-question-after-chainalysis-surveillance-leak/): A recent leak has raised concerns about Monero (XMR), a cryptocurrency that emphasizes privacy. The video, which was removed shortly after it surfaced online, reportedly shows that Chainalysis, a blockchain analysis company, can track transactions on the Monero network. Given Monero’s reputation as a private and secure digital currency, this has sparked significant discussion within the cryptocurrency community. The video allegedly details methods used by Chainalysis to monitor Monero transactions dating back to 2021. A Reddit user named u/lt posted information about the leaked footage, claiming it showed how Chainalysis might use its own Monero nodes to gather data. It seems - [Crypto Revival Hopes Doubted: China Strengthens Anti-Money Laundering Measures](https://news.shib.io/2024/09/10/crypto-revival-hopes-doubted-china-strengthens-anti-money-laundering-measures/): Even as whispers of a potential easing of China’s cryptocurrency ban circulate, Beijing appears to be doubling down on its efforts to combat money laundering, with a particular focus on the risks posed by crypto assets. Beijing Doubles Down on Anti-Money Laundering Efforts Lawmakers are currently reviewing a draft amendment to the Anti-Money Laundering Law aimed at strengthening the nation’s ability to detect and prosecute financial crimes in the rapidly evolving digital landscape, Hong Kong’s SCMP reported Tuesday. A draft amendment to the Anti-Money Laundering Law, currently undergoing review by China’s top lawmakers, aims to strengthen the country’s ability to - [Crypto Headlines: September 9](https://news.shib.io/2024/09/10/crypto-headlines-september-9/): A Monday of momentous developments in the crypto and blockchain sphere has left observers grappling with the implications for technology, regulation, and market stability. From Tokyo’s push for sustainable Bitcoin mining to India’s embrace of blockchain technology, and whispers of Monero’s traceability to the sudden closure of FriendTech, the day’s events offer a glimpse into the volatile yet transformative nature of this burgeoning sector. Tokyo Electric’s Green Gambit In a bid to address the energy-intensive nature of Bitcoin mining, Agile Energy X, a subsidiary of the energy giant Tokyo Electric Power Company (Tepco), is embarking on a pioneering initiative to - [Bitcoin Could Reach $90,000 if Trump Wins 2024 Election: Bernstein Report](https://news.shib.io/2024/09/10/bitcoin-could-reach-90000-if-trump-wins-2024-election-bernstein-report/): Bitcoin could see a significant price increase if Donald Trump wins the 2024 U.S. presidential election, a recent report by asset manager Bernstein revealed. The report suggested that Bitcoin could reach as high as $80,000 to $90,000, surpassing its previous all-time high of $73,000 in March of this year. The research highlighted that Trump’s victory could positively influence the cryptocurrency market, driven by his growing support for digital assets. Bernstein’s report pointed to a change in Trump’s stance on cryptocurrencies. Five years ago, Trump criticized Bitcoin on X (formerly Twitter), stating that it was “not money” and that its value - [Shiba Eternity Web3 Unleashes New Update: Tournaments, Fixes, and a Huge Shoutout to the Shib Army!](https://news.shib.io/2024/09/09/shiba-eternity-web3-unleashes-new-update-tournaments-fixes-and-a-huge-shoutout-to-the-shib-army/): Greetings, digital warriors! It’s that time again—our latest Shiba Eternity Web3 update just dropped like a legendary loot box, and boy, is it packed! This one is especially juicy, with a fresh leaderboard system, a slew of bug fixes, and a shoutout to some stellar community champions.  Tournaments: Let the Games Begin! First off, if you’ve been craving some friendly competition while HODLing your favorite crypto tokens, the new tournament leaderboards have arrived! Imagine this: You’re playing your go-to crypto card game, your digital sweat trickling as you face off against your sworn nemesis in a high-stakes match. Maybe it’s - [$KNINE Gains Momentum on Stocktwits: A Growing Trend in the K9 Partnershib](https://news.shib.io/2024/09/09/knine-gains-momentum-on-stocktwits-a-growing-trend-in-the-k9-partnershib/): $KNINE, the native token of K9 Finance, has captured the attention of Stocktwits, a social media platform for investors and traders.  K9 Finance took to X to make the announcement. Besides being a social platform, Stocktwits also features insights, analysis, and discussions on a wide range of topics. It has become a key hub for real-time discussions around trending tokens and stocks. As $KNINE gains traction on StockTwits, it reflects the token’s increasing visibility and growing interest among retail traders.  A trending status on Stocktwits typically indicates that a large volume of conversations, mentions, and posts are centered around a particular - [Friend.Tech Team Transfers Smart Contract Control As Platform Activity Slows](https://news.shib.io/2024/09/09/friend-tech-team-transfers-smart-contract-control-as-platform-activity-slows/): Friend.Tech, a Web3 social network platform, has effectively relinquished control over its operations by transferring its smart contract administration to Ethereum’s null address. This action, carried out yesterday, prevents further changes to the platform’s functionality or fees. The development team confirmed in an announcement on X that “no fees from either smart contracts or [the website] currently go to the Friend.Tech dev team multisig.” Admin and ownership parameters have been set to 0x000…000 to prevent any changes to their fees or functionality in the future. This change does not affect the separate web client operated at https://t.co/YOHabcBL3H which will continue - [Nick Drakon's Tale: Crypto Research Platform CEO Steps Down After Violent Attack](https://news.shib.io/2024/09/09/nick-drakons-tale-crypto-research-platform-ceo-steps-down-after-violent-attack/): Nick Drakon, the founder of Revelo Intel, a top crypto research platform, shared a personal experience of an in-person attack targeting him and his family recently.  In his post on X, Drakon said a highly sophisticated group threatened him and his family. Drakon has been involved in the crypto space for almost four years and has built strong connections and business ventures in that period. He noted in his post that he has had positive and productive experiences with almost 99.5% of people. But a recent turn of events altered everything.  Drakon claimed that the attack was not random, claiming - [Australian Federal Court Rules in Favor of ASIC in Case Against Kraken’s Margin Trading Practices](https://news.shib.io/2024/09/09/australian-federal-court-rules-in-favor-of-asic-in-case-against-krakens-margin-trading-practices/): An Australian Federal Court has issued its ruling on a lawsuit filed by the Australian Securities and Investments Commission (ASIC) against Bit Trade Pty Ltd, the operator of cryptocurrency exchange Kraken, voting in favor of the former. It was regarding the availability of exchange’s margin extension product to Australian retail investors.  The product referred to in the lawsuit allowed Australian retail investors to borrow funds in fiat or cryptocurrency to trade on margin. The ASIC noted that Kraken’s offering of margin in fiat currency violated the Design and Distribution Obligations (DDO) under the Corporations Act.  As per the court ruling, - [Blockchain Tracks North Korean Hackers' Movement of Funds Following WazirX Incident](https://news.shib.io/2024/09/09/blockchain-tracks-north-korean-hackers-movement-of-funds-following-wazirx-incident/): Blockchain analytics firm Arkham Intelligence has tracked the movement of over $11 million in ether (ETH) by the North Korean hackers believed to be responsible for the July hack on India’s WazirX crypto exchange. The funds were moved to the mixing service Tornado Cash early Monday morning, raising concerns about the hackers’ attempts to obfuscate the stolen assets. North Korean Hackers Move Funds Arkham’s on-chain data analysis reveals that the hackers moved over 5,000 ETH, worth just over $11 million at current prices, from a wallet associated with the WazirX heist to a new address at 07:19 UTC on Monday. - [Coinbase Executives Sell $32 Million in Stock Over the Last 30 Days](https://news.shib.io/2024/09/09/coinbase-executives-sell-32-million-in-stock-over-the-last-30-days/): Coinbase Global Inc. (COIN) executives, including CEO Brian Armstrong, President Emilie Choi, and Chief Legal Officer Paul Grewal, have sold approximately $32 million worth of the company’s stock in the last 30 days.  The latest real-time insider trading data showed that 149 sales transactions were conducted without any reported purchases. According to the data, Brian Armstrong, Chairman and CEO of Coinbase, recently sold multiple tranches of shares of over $4 million on September 4 at various prices ranging from $168 to $179 per share to complete the total number of transactions. Emilie Choi, President and Chief Operating Officer, also sold - [Chainalysis Accuses Russia of Leveraging Crypto to Evade Western Sanctions](https://news.shib.io/2024/09/09/chainalysis-accuses-russia-of-leveraging-crypto-to-evade-western-sanctions/): With Russia grappling with economic pressures from Western sanctions, the nation has enacted laws that allow crypto mining. And as international payments using digital currencies.  Russia Turns to Cryptocurrency According to Blockchain analytics firm Chainalysis these moves of Russia could help it circumvent sanctions. And, maintain foreign trade amid financial restrictions. President Vladimir Putin signed into law a recent legislation that allows Russian businesses to facilitate cross-border transactions using cryptocurrencies.  “The CBR is spearheading the initiative to integrate cryptocurrency into Russia’s financial system for cross-border payments, creating an experimental infrastructure that allows approved Russian businesses and entities to use digital - [India’s Blockchain Revolution: MeitY Launches Vishvasya and NBFLite](https://news.shib.io/2024/09/09/indias-blockchain-revolution-meity-launches-vishvasya-and-nbflite/): The Indian government has recently unveiled the Vishvasya-Blockchain Technology Stack, one of the most substantial blockchain initiatives in the country. This is designed to position India as a hub for blockchain development and public service transformation leveraging Blockchain-as-a-Service (BaaS). The Ministry of Electronics and Information Technology (MeitY) made the announcement, sharing its plans to reshape India’s digital economy.  At the core of this approach is MeitY’s Vishvasya-Blockchain Technology Stack—a robust infrastructure customized for permissioned blockchain use cases in both government and private enterprises.  The foundation—a blockchain stack designed for security, scalability, and interoperability—will ensure that difficult public service challenges will - [Japan's TEPCO Explores Renewable Energy for Bitcoin Mining](https://news.shib.io/2024/09/09/japans-tepco-explores-renewable-energy-for-bitcoin-mining/): A subsidiary of Tokyo Electric Power Company (TEPCO), Agile Energy X Inc., is venturing into Bitcoin mining using surplus renewable energy to power mining operations.  Based in Tokyo, Agile Energy X is exploring ways to utilize excess solar power for Bitcoin mining, a move that its president, Kenji Tateiwa, believes could lead to a broader adoption of green energy, a local media outlet The Asahi Shimbun reported yesterday. “What we are doing has few parallels in Japan,” said Tateiwa, who previously worked in TEPCO’s nuclear power division. “Success of our framework would prompt more green energy to be introduced.” Tateiwa conceived - [Harris May Be Sidestepping the Issue of Cryptocurrency Regulation, For Now](https://news.shib.io/2024/09/09/harris-may-be-sidestepping-the-issue-of-cryptocurrency-regulation-for-now/): Vice President Kamala Harris may be strategically avoiding the contentious issue of cryptocurrency regulation, at least for the time being. As the midterm elections loom, political observers are speculating that the administration is hesitant to wade into a complex and polarizing debate that could alienate key constituencies. Schumer’s Legislative Priorities: Crypto Left Behind This apparent shift in focus came as Senate Majority Leader Chuck Schumer recently outlined his legislative priorities for the remaining months of Congress, conspicuously omitting any mention of cryptocurrency. This silence stands in stark contrast to earlier pronouncements from both Harris and Schumer emphasizing the urgency of - [Unification Unveils FundJS, a New JavaScript Toolkit for Cosmos SDK Blockchains](https://news.shib.io/2024/09/09/unification-unveils-fundjs-a-new-javascript-toolkit-for-cosmos-sdk-blockchains/): Unification, in a groundbreaking move for blockchain development, has announced the release of FundJS, a versatile and robust JavaScript toolkit designed specifically for Cosmos SDK blockchains. Unification, a blockchain infrastructure provider, announced over the weekend the release of FundJS, a next-generation JavaScript toolkit designed to streamline development on blockchains built using the Cosmos SDK. The toolkit, which leverages the popular CosmJS library and incorporates Unification’s mainchain protocol buffers (protobufs), promises to unlock new possibilities for developers building decentralized applications (dApps) within the Cosmos ecosystem. Unification Simplifies dApp Development and Payment Integration FundJS is a significant step forward in making Unification’s - [Shiba Inu Weekly Recap: A Week of Strategic Moves and Global Engagement](https://news.shib.io/2024/09/09/shiba-inu-weekly-recap-a-week-of-strategic-moves-and-global-engagement/): In what can only be described as a pivotal week for the Shiba Inu ecosystem, significant strides were made across community engagement, technological advancement, and market strategy, cementing its position as a key player in the rapidly evolving world of cryptocurrency. A Growing Global Presence at Korea Blockchain Week Shiba Inu’s leadership in community engagement took center stage at Korea Blockchain Week (KBW 2024) in Seoul. With a prominent booth and a visible presence, Shiba Inu’s participation underscored its commitment to expanding its global footprint.  The event provided a platform to connect with its ever-growing community while showcasing potential developments - [Crypto Weekly: A Rollercoaster Ride of Regulation, Tech & Adoption (Sept 2 - 8, 2024)](https://news.shib.io/2024/09/09/crypto-weekly-a-rollercoaster-ride-of-regulation-tech-adoption-sept-2-8-2024/): Time is your most valuable asset in the fast-moving world of crypto. That’s why The Shib Daily created Crypto Weekly – your curated digest of the week’s must-know news, delivering the insights you need to stay ahead of the curve and make informed decisions. This week in crypto was a whirlwind of regulatory crackdowns, technological leaps, and market swings. From Uniswap’s settlement with the CFTC to Sony’s foray into blockchain, the landscape continues to evolve at a rapid pace. The Long Arm of the Law Uniswap Labs felt the heat, agreeing to a $175,000 fine from the CFTC, signaling increased - [The Weekly Meme Digest](https://news.shib.io/2024/09/07/the-weekly-meme-digest-15/): Welcome, meme lords and crypto enthusiasts, to another electrifying edition of the Weekly Meme Digest! This week, we’re serving up a spicy platter of crypto chaos, political drama, and blockchain bedlam.  Buckle up, because this isn’t your grandma’s news roundup. Nope, we’re diving headfirst into the meme-verse with a sarcastic, sharp, and side-splitting take on the latest headlines.  Ready to get your brain buzzing and your funny bone tickled? Let’s go! 🎉 🔥 This Week’s Tease: We’ve got tales so tall they could overshadow Mt. Gox, and plots thicker than the Bitcoin blockchain. From political endorsements that could make or - [Kamala Harris Gets Ripple Bigwig and Crypto Bros Endorsement—But Hold Up, There’s a Catch Bigger Than A Market Crash!](https://news.shib.io/2024/09/07/kamala-harris-gets-ripple-bigwig-and-crypto-bros-endorsement-but-hold-up-theres-a-catch-bigger-than-a-market-crash/): The latest plot twist in the political thriller known as the 2024 election involves none other than Ripple, the company that brought us XRP—and a whole lot of intrigue involving, well, Kamala Harris! The Catch That Could Shake Crypto In a move that would make even the most seasoned blockchain skeptic raise an eyebrow, Ripple co-founder Chris Larsen has joined forces with 88 other high-profile business leaders to endorse Vice President Harris for president. Yes, you heard that right: Harris, the same VP who’s been juggling her duties while the crypto space rolls its eyes at SEC Chair Gary Gensler’s - [Crypto Advocates Demand Blockchain Drama in Presidential Debate](https://news.shib.io/2024/09/07/crypto-advocates-demand-blockchain-drama-in-presidential-debate/): In what can only be described as the most epic crossover event of the political and crypto universes, advocates are now pleading for a deep dive into digital assets during the upcoming U.S. presidential debate.  That’s right—just a few days before the high-stakes face-off between Kamala Harris and Donald Trump, the Chamber of Progress has sent a love letter to ABC’s Linsey Davis and David Muir, begging them to bring up crypto. Because nothing says “presidential debate” like discussing whether Bitcoin should be legal tender or just a fancy way to lose all your savings. 🚀📉 The Crypto Call to - [KamalaCoin on the Horizon? Harris Dabbles in Crypto—Is She Following Trump’s NFT Playbook?](https://news.shib.io/2024/09/07/kamalacoin-on-the-horizon-harris-dabbles-in-crypto-is-she-following-trumps-nft-playbook/): Vice President Kamala Harris is making headlines by stepping into the crypto world—well, sort of. In a surprising twist, with crypto enthusiasts and political pundits buzzing, Harris is linked to accepting cryptocurrency donations. But before you imagine Kamala mining Bitcoin from her basement or day-trading Dogecoin, let’s get the facts straight: it’s not Harris herself, but a Super PAC called Future Forward doing the digital collection. Talk about a plot twist! 🤯 Coinbase CFO Alesia Haas sparked excitement when she mentioned at a conference that Harris’s campaign was “using Coinbase Commerce” to accept crypto donations. This led to speculation that - [Trump’s DeFi Drama: The Crypto Saga Stirring Family Feuds and Sparking Internet Frenzy!](https://news.shib.io/2024/09/07/trumps-defi-drama-the-crypto-saga-stirring-family-feuds-and-sparking-internet-frenzy/): The Trumps look to be diving straight into a reality show! They have chosen to delve very deep into the wild world of decentralized finance (DeFi) with their new project, World Liberty Financial (WLF). 😃 Now, that shouldn’t be surprising at all since the Trump family is well known for their flair for the dramatic. Hold on, hold on, this time they didn’t get a new hairdo or post a controversial tweet, but they are on news regarding a high-stakes crypto venture that even blockchain enthusiasts are finding hard to believe.😬 Remember when Trump revealed his rocky relationship with cryptocurrencies? - [CZ Lifetime Ban: The Crypto Soap Opera’s Latest Episode](https://news.shib.io/2024/09/07/cz-lifetime-ban-the-crypto-soap-operas-latest-episode/): Grab your popcorn, folks, because Binance has just delivered a plot twist more dramatic than a soap opera marathon. 🎭 That’s right: Changpeng Zhao, better known as CZ, has been hit with a lifetime ban from managing Binance, the very crypto empire he built with his own bare hands. 🚀 But before you start crying into your ledger or tossing your Binance-branded swag, let’s dive into this spicy situation. The Scoop: Lifetime Ban of CZ The latest gossip from the crypto grapevine? This lifetime ban is actually part of a plea deal filed on November 21. So, it’s not just - [Adult Industry Unchained: The Crypto Shift to Slash Payment Fees](https://news.shib.io/2024/09/07/adult-industry-unchained-the-crypto-shift-to-slash-payment-fees/): You know who loves adult websites? 👙 Internet users, of course! 😁 But let’s be real—not everyone is in favor of them, especially not mainstream payment processors. When it comes to traditional payments, adult sites are stuck in economic limbo, which makes dealing with regular banking a hassle and a half. It’s trickier and pricier! 💵🥴 Those in the business are not happy about this, and neither are those who are purchasing their services. C’mon, they’d rather use the money to pay for AI girlfriends. 💄💋 So don’t worry if you’re on that side of the fence because the crypto - [DePIN: Closing the Gap Between the Physical and Digital Realms for a Connected Future](https://news.shib.io/2024/09/06/depin-closing-the-gap-between-the-physical-and-digital-realms-for-a-connected-future/): The concept of Decentralized Physical Infrastructure Networks (DePIN) is emerging as an innovative solution to bridge the gap between the physical and digital worlds. Simply put, DePIN uses decentralized technologies to create networks that integrate physical assets with digital platforms for seamless interaction and data exchange. In April, several media outlets discussed the content of the “2024 DePIN Development Report” by UWEB Principal Dr. Yu Jianing, JDI Global CEO Wang Yiming, and UWEB co-founder Romeo Wang. The report predicted a bright outlook for DePIN, estimating its market size will hit $3.5 trillion by 2028. It also offered insights on DePIN’s - [Ripple Co-Founder Chris Larsen Throws Support Behind Kamala Harris for President](https://news.shib.io/2024/09/06/ripple-co-founder-chris-larsen-throws-support-behind-kamala-harris-for-president/): Chris Larsen, co-founder and executive chairman of Ripple, is among 88 corporate leaders who have endorsed Vice President Kamala Harris for the upcoming U.S. presidential election. As reported by CNBC today, the endorsement was made through a letter signed by several prominent business figures, including Aaron Levie, CEO of Box, Jeremy Stoppelman, CEO of Yelp, Michael Lynton, chairman of Snap, and James Murdoch, former CEO of 21st Century Fox. The letter supporting Harris’s presidential bid comes amid Ripple Labs’ ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). Ripple has been involved in a lawsuit with the SEC - [Two Offshore Crypto Exchanges Near Approval to Operate in India](https://news.shib.io/2024/09/06/two-offshore-crypto-exchanges-near-approval-to-operate-in-india/): India’s Financial Intelligence Unit (FIU) is considering allowing two more offshore cryptocurrency exchanges to resume operations in the country.  The FIU, which oversees Anti-Money Laundering (AML) compliance, is currently scrutinizing requests from four foreign crypto exchanges that were previously banned for failing to meet the country’s AML regulations.  “We have received requests from four more offshore crypto exchanges to operate in India, and we assume that at least two of them will be permitted to resume operations by the end of FY25,” a source quoted by local media said. The same added that this would occur only after a “thorough - [Coinbase Lobbying Spend Skyrockets as Crypto Regulation Intensifies](https://news.shib.io/2024/09/06/coinbase-lobbying-spend-skyrockets-as-crypto-regulation-intensifies/): Coinbase, the largest U.S. crypto exchange, has poured $2.86 million into lobbying efforts in 2023, ranking as the third biggest spender among crypto companies. A recent report published by Socialcapitalmarkets revealed on Friday that Coinbase has the third largest market share in terms of trading volume. Coinbase logs the second-highest spot trading volume (~$1.47 billion) after Binance. It has used around 39 lobbyists in 2023, 32 of which have been revolvers. Coinbase spent around $1.5 million in 2021 on lobbying efforts. This marks a sharp increase from the $230,000 it spent in 2020. It continued the upward trend in 2022, with - [Blockchain Startup Puffpaw Secures $6M to Develop Vape-to-Earn Ecosystem](https://news.shib.io/2024/09/06/blockchain-startup-puffpaw-secures-6m-to-develop-vape-to-earn-ecosystem/): Puffpaw, a new startup, is launching a vape-to-earn project to help users reduce nicotine intake by providing token incentives through blockchain technology. However, the company plans to offer specialized vapes that track users’ smoking habits and record the data on a blockchain. Users will earn Puffpaw tokens as rewards for decreasing their nicotine consumption. Puffpaw is among several startups set to operate on the soon-to-be-released Berachain blockchain, which has attracted significant attention from venture capital firms. The startup recently raised $6 million in a seed funding round led by Lemniscap Ventures. Lemniscap General Partner Shaishav Todi described the investment as - [Russia to Channel Surplus Energy to Legal Crypto Miners Under New Rules](https://news.shib.io/2024/09/06/russia-to-channel-surplus-energy-to-legal-crypto-miners-under-new-rules/): The Russian Ministry of Energy is considering allocating surplus electricity capacity to legal miners at regulated rates. Energy Minister Sergei Tsivilev revealed this development on Wednesday.  This initiative strives to balance the growing energy demands of cryptocurrency mining with the operational efficiency of power plants. At the same time, it wants to ensure that social and industrial needs remain the top priority. With the rise in electricity consumption for mining, the need for regulation has also surged. Tsivilev noted that the government is ready to give surplus energy to miners. “The miner must be legal, he must pay taxes. Therefore, - [UK Financial Regulator Rejects 87% of Crypto License Applications](https://news.shib.io/2024/09/06/uk-financial-regulator-rejects-87-of-crypto-license-applications/): The Financial Conduct Authority (FCA), the UK’s financial regulator, has revealed that 87% of cryptocurrency firms that applied for registration under the country’s money laundering rules did not receive approval in the past fiscal year. In its annual report, the FCA stated that only four firms out of 35 applications submitted in the 12 months ending March 31 managed to secure registration. Three of the approved entities were named, such as BNXA, a payments partner of Binance, a PayPal UK unit, and Komainu, a crypto custody joint venture by Nomura. The fourth entity is yet to be announced. The remaining - [Mark Cuban Says Kamala Harris’s Unrealized Gains Tax Would 'Kill the Stock Market'](https://news.shib.io/2024/09/06/mark-cuban-says-kamala-harriss-unrealized-gains-tax-would-kill-the-stock-market/): Billionaire investor Mark Cuban strongly criticized Vice President Kamala Harris’s position on taxing unrealized capital gains, suggesting that such a policy would have dire consequences for the stock market.  Speaking on CNBC’s “Squawk Box,” Cuban argued that while Harris has not outright rejected President Biden’s proposal to tax unrealized gains, it is unlikely to be implemented under her leadership. During the interview, Cuban said that taxing unrealized gains would “kill the stock market,” emphasizing that it could lead to severe volatility for public companies. “If you tax unrealized gains, you’re going to kill the stock market, and it’s going to - [Shiba Inu Partners with Gate.io for Charity Fundraising at Blockchain Event](https://news.shib.io/2024/09/06/shiba-inu-partners-with-gate-io-for-charity-fundraising-at-blockchain-event/): Gate.io, a global cryptocurrency exchange, announced in yesterday’s tweet that Shiba Inu, along with AiRian, MemeCore, and East Asian media outlets, contributed to the success of the Lead Asia Charity Carnival 2024.  The event aimed to raise funds for the SEUNGIL HOPE Foundation, which focuses on leveraging blockchain technology for charitable activities. Shiba Inu has supported charitable initiatives at the Korea Blockchain Week 2024. The tweet stated that the foundation’s fundraising efforts saw a “major boost” due to the support received from these organizations. Gate.io thanked Shiba Inu and other supporters for their involvement, highlighting the impact on the event’s - [Major Swiss Bank ZKB Launches Crypto Brokerage Services for Clients](https://news.shib.io/2024/09/06/major-swiss-bank-zkb-launches-crypto-brokerage-services-for-clients/): Zurich Cantonal Bank, also known as Zürcher Kantonalbank (ZKB), one of Switzerland’s major banking institutions, has launched cryptocurrency brokerage services for its clients.  According to an official press release from the bank, as of Wednesday, ZKB offers trading and custody services for Bitcoin and Ether. The bank has partnered with Crypto Finance AG, a subsidiary of the Deutsche Börse Group, to facilitate cryptocurrency transactions. The new services are integrated within ZKB’s banking infrastructure, providing clients seamless access through the bank’s eBanking and mobile banking platforms. Customers can now trade cryptocurrencies at any time, with ZKB stating that these holdings will - [Brazil’s Central Bank Advances Drex Pilot with 13 New Themes for Smart Contract Testing](https://news.shib.io/2024/09/06/brazils-central-bank-advances-drex-pilot-with-13-new-themes-for-smart-contract-testing/): The Central Bank of Brazil (BC) announced on Wednesday a major step forward in the development of its digital currency platform, Drex, collaborating with the Securities and Exchange Commission (CVM).  This would mark the second phase of testing where around 13 themes were selected from 42 use case proposals submitted by various financial institutions. The second phase would also test the implementation of financial services using smart contracts created and managed by third parties on the Drex platform. As per reports, the upcoming weeks will see the development of the selected themes. “In a debate environment devoted to each of - [Telegram Updates Privacy Policy After Durov's Arrest in France](https://news.shib.io/2024/09/06/telegram-updates-privacy-policy-after-durovs-arrest-in-france/): Messaging app Telegram recently made a quiet and significant change to its privacy policy after a tense incident involving its founder, Pavel Durov, and French authorities.  Many believe that the policy change is linked to Durov’s recent four-day police interrogation in Paris regarding the platform’s alleged use of illegal activities. Recently, Durov made an announcement on X noting that he is personally overseeing abusers of the platform who are invading the privacy of more than 950 million users.  “I’m still trying to understand what happened in France. But we hear the concerns. I made it my personal goal to prevent - [Unlocking Web3 Potential: The Role of AI and Blockchain in Security, Scalability, and Data Analysis](https://news.shib.io/2024/09/05/unlocking-web3-potential-the-role-of-ai-and-blockchain-in-security-scalability-and-data-analysis/): Combining artificial intelligence (AI) with blockchain technology is setting the stage for the next generation of Web3 applications, security enhancement, scalability, and data analysis capabilities. The digital world is now at an intersection where vigorous, efficient, and secure systems are more important than ever. Recent reports indicate that this synergy is not only feasible but also essential for the future of decentralized applications (dApps). AI enhances Web3 by providing intelligent automation and personalized user experiences so that interactions are more efficient and engaging. Meanwhile, blockchain ensures transparency and security in transactions, enabling decentralization and fostering trust in digital ecosystems. Raising - [Shiba Eternity Web3 Crowns Inaugural Ranked Tournament Champions](https://news.shib.io/2024/09/05/shiba-eternity-web3-crowns-inaugural-ranked-tournament-champions/): The dust has finally settled after two weeks of non-stop card-flipping mayhem in the first-ever ranked tournament of Shiba Eternity Web3 and the victors have emerged with bragging rights, exclusive rewards, and the kind of glory only a high-stakes showdown can bring. Players from every corner of the community threw their best strategies into the mix, but in the end, only five names rose to the top. Shiba Eternity Web3 Champions Crowned Cue the fanfare for these champions of Shiba Eternity Web3 Ranked Tournament: These players have secured themselves not just shiny digital trophies but a coveted place among the - [K9 Finance Gears Up to Reveal Game-Changing Staking for the Shiba Inu Ecosystem](https://news.shib.io/2024/09/05/k9-finance-gears-up-to-reveal-game-changing-staking-for-the-shiba-inu-ecosystem/): K9 Finance, known for its integral association with the Shiba Inu ecosystem, announced on X that is ready to launch its highly-awaited staking solution in September.  K9 has been working tirelessly to enhance community engagement and provided updates on its progress. With this staking solution, SHIB holders can lock up their tokens and earn rewards in return for securing the network. K9 said it looks forward to introducing this move as a game-changer, creating additional use cases for SHIB tokens and offering passive income opportunities for holders. Staking allows token holders to contribute to network security and is, therefore, a key - [World Leaders Set to Sign Landmark AI Treaty Prioritizing Human Rights](https://news.shib.io/2024/09/05/world-leaders-set-to-sign-landmark-ai-treaty-prioritizing-human-rights/): The United States, the European Union, and the United Kingdom are expected on Thursday to sign a groundbreaking treaty emphasizing human rights and democratic values in regulating both public and private AI systems.  Called the Council of Europe Framework Convention on Artificial Intelligence, this move marks the first legally binding international treaty on Artificial Intelligence (AI). Its main goal is to hold countries accountable for any harm or discrimination caused by AI systems, especially those that violate citizens’ rights to equality and privacy.  This convention will offer legal recourse for victims of AI-related violations, and make sure that the outputs of - [CCData August Report Shows Surge in Trading Activity, Drop in Ether Derivatives](https://news.shib.io/2024/09/05/ccdata-august-report-shows-surge-in-trading-activity-drop-in-ether-derivatives/): CCData, the combined spot and derivatives trading volume on centralized exchanges, saw a notable increase of 5.38% to a total of $5.22 trillion in August, the second consecutive month of rising activity.  In its latest report, CCData highlighted the significant decline in Ether futures and options trading volume on the Chicago Mercantile Exchange (CME). It also showed that the volumes on CME dropped dramatically after the first month of spot Ether ETFs’ launch.  Ether futures and options volume on the CME exchange fell 28.7% and 37.0% to $14.8 billion and $567 million, respectively. These numbers signify the lowest ETH futures - [United Texas Bank Hit with Cease-and-Desist Order by Federal Reserve](https://news.shib.io/2024/09/05/united-texas-bank-hit-with-cease-and-desist-order-by-federal-reserve/): United Texas Bank, one of the few remaining U.S. banks that services cryptocurrency firms, has been issued a cease-and-desist order by the Federal Reserve.  The Dallas-based bank was cited for “significant deficiencies” in its adherence to anti-money laundering (AML) laws related to its dealings with crypto clients, among other alleged violations. The order was issued on Wednesday, and while it did not specify the exact nature of the non-compliance, it indicated that the bank must take immediate action to address the issues. The Federal Reserve’s notice stated that the bank’s leadership had agreed to the cease-and-desist order instead of going - [Robinhood Settles $3.9M for Crypto Withdrawal Restrictions and Misleading Practices](https://news.shib.io/2024/09/05/robinhood-settles-3-9m-for-crypto-withdrawal-restrictions-and-misleading-practices/): Robinhood Crypto LLC, the online crypto trading platform, has agreed to pay $3.9 million as settlement after being accused of misrepresenting certain aspects of its trading and order-handling processes. This happened as a result of Robinhood’s failure to allow customers to withdraw their cryptocurrency between the period of 2018 and 2022. California Attorney General Rob Bonta announced the settlement on Wednesday, saying that it resolves a violation of the California Commodities Law (CCL) by Robinhood. The hefty financial penalty comes alongside strict new conduct requirements for the platform. In a press release, Bonta emphasized the importance of protecting California consumers - [Trump's Crypto Venture: World Liberty Financial Taps Blockchain with DeFi Twist](https://news.shib.io/2024/09/05/trumps-crypto-venture-world-liberty-financial-taps-blockchain-with-defi-twist/): Republican Presidential candidate Donald Trump and his team has reportedly been circulating a white paper for a project called World Liberty Financial (WLF), which is poised to become a new player in the decentralized finance (DeFi) space. Trump and his sons have been hinting at a major cryptocurrency venture for weeks now, but have kept most of the details under wraps. CoinDesk obtained a document which revealed that the project bears a lot of similarities to Dough Finance, a blockchain app that was hacked in July, leading to a $2 million loss. The WLF team consists of several figures who also - [CFTC Fines Uniswap Labs $175,000 Over Alleged Unlawful Leveraged Trading](https://news.shib.io/2024/09/05/cftc-fines-uniswap-labs-175000-over-alleged-unlawful-leveraged-trading/): The U.S. Commodity Futures Trading Commission (CFTC) has fined Uniswap Labs $175,000 to settle allegations that it unlawfully offered leveraged retail trading in digital assets.  According to a Bloomberg report yesterday, Universal Navigation Inc., operating as Uniswap Labs, agreed to a cease-and-desist order, preventing it from violating the Commodity Exchange Act (CEA) again. This action marks a significant development in regulatory enforcement in the decentralized finance (DeFi) sector. Uniswap Labs, known for its decentralized platform that enables the direct trading of digital assets without intermediaries, allegedly allowed trades that were margined or leveraged commodity transactions. The CFTC reportedly said that - [Shiba Inu $91,000 Mystery: A Donated Dinner, Dissolved Breed, and Disappearing ETH](https://news.shib.io/2024/09/04/shiba-inu-91000-mystery-a-donated-dinner-dissolved-breed-and-disappearing-eth/): The disappearance of 37.5 ETH, initially donated to the Shiba Inu community and worth over $91,000 today, has sparked confusion and concern among the ShibArmy. A Generous Gesture, a Troubled Path Davinci, the pseudonymous administrator of Shibarium Tech’s Discord and Telegram channels, has stepped forward to provide context, revealing a tangled tale of internal conflicts, a dissolved team, and a community decision seemingly ignored. The saga began in 2022 with a seemingly generous gesture: Welly’s, the fast-food partner of Shiba Inu, donated 37.5 ETH to the community, intending it to be managed for the benefit of the ShibArmy. The funds - [Former Mt. Gox CEO to Launch New Crypto Exchange EllipX in Europe](https://news.shib.io/2024/09/04/former-mt-gox-ceo-to-launch-new-crypto-exchange-ellipx-in-europe/): Mark Karpeles, former CEO of the defunct Mt. Gox cryptocurrency exchange, has announced plans to launch a new crypto trading platform called EllipX later this month. Based in Poland, the exchange will initially focus on serving European users, with a potential for global expansion. Karpeles, who will oversee the technical aspects of the platform as Chief Technology Officer, explained on Wednesday during the Korea Blockchain Week event in Seoul, South Korea, “Mt. Gox was based in Poland, so I do know it [well] as a country.” EllipX aims to comply with the European Union’s Markets in Crypto-Assets (MiCA) regulations. Karpeles - [Shiba Inu Partner Bad Idea AI Becomes 'Most Popular' on Crypto.com](https://news.shib.io/2024/09/04/shiba-inu-partner-bad-idea-ai-becomes-most-popular-on-crypto-com/): Bad Idea AI (BAD), the pioneering AI-driven crypto project and a partner of the Shiba Inu ecosystem, shared Wednesday that it is “the most popular” platform on Crypto.com.  BAD stands high with a 24-hour volume of $3.02 million and a market cap of $5.39 million. Shiba Inu assumed the fourth place with a 24-hour volume of $189.78 million and a market cap of $7.73 billion. The company recently announced that its $BAD token went live on WEEK, the crypto futures trading platform. Crypto exchange BTSE also revealed at the end of August the listing of the $BAD token, allowing users - [Build on Shibarium!](https://news.shib.io/2024/09/04/build-on-shibarium/): Read the latest edition of The Shib magazine here. - [Russia Still Undecided on Crypto Exchange As Legal Debate Heats Up](https://news.shib.io/2024/09/04/russia-still-undecided-on-crypto-exchange-as-legal-debate-heats-up/): Russia has yet to decide on the creation and operation of cryptocurrency exchanges within the country. This is amid speculations of the government beginning trials for adopting cryptocurrency for international transactions. Although the Ministry of Finance and the Central Bank of Russia are actively debating the issue, a consensus remains elusive. Local authorities reveal that the delay centers around the need to establish a robust legal framework that will ensure the protection of all market participants while facilitating the operation of these digital asset platforms. In an interview with Russian news agency TASS, Anatoly Aksakov, the head of the State Duma - [The Future of DevPortals: An Exclusive Interview with Unification](https://news.shib.io/2024/09/04/the-future-of-devportals-an-exclusive-interview-with-unification/): Artificial intelligence (AI) is rapidly transforming various industries, and the world of software development is no exception. DevPortals, the digital hubs for developers, are also embracing AI to enhance user experience and streamline workflows. In this exclusive interview, The Shib Daily delves into the potential of AI assistants in DevPortals. The Unification Team shares its insights on how AI can be integrated to provide personalized learning paths, predict developer needs, and facilitate collaboration. We also explore the ethical considerations and potential biases associated with AI implementation. The Shib: AI is rapidly transforming various industries, and the world of software development - [Microsoft Bitcoin Investment Proposal Heads to Shareholder Vote This Week](https://news.shib.io/2024/12/09/microsoft-bitcoin-investment-proposal-heads-to-shareholder-vote-this-week/): Microsoft Corp. is about to make a final decision on whether to invest in Bitcoin or not, with shareholders set to vote on the matter on December 10. The Washington-based conservative think tank, the National Center for Public Policy Research (NCPPR), filed a shareholder proposal with the U.S. Securities and Exchange Commission (SEC), titled the “Assessment of Investing in Bitcoin.” The proposal called on Microsoft to consider adding Bitcoin to its balance sheet.   The group characterized Bitcoin as “an excellent, if not the best, hedge against inflation.” The NCPPR also recently urged Amazon to explore adding Bitcoin to its strategic - [Florida Bitcoin Reserve Set to Launch Statewide by Early 2025](https://news.shib.io/2024/12/09/florida-bitcoin-reserve-set-to-launch-statewide-by-early-2025/): Samuel Armes, President of the Florida Blockchain Business Association (FBBA), has announced that the state plans to create a strategic Florida Bitcoin reserve in 2025. In a post on X, Armes then provided further details on the state’s plan to create such a treasury. He said that Florida intends to utilize its $185.7 billion pension fund and allocate a small portion to Bitcoin as a safeguard against inflation. He emphasized that assigning just one percent of this fund into Bitcoin would amount to approximately $1.87 billion. Florida’s pension fund allocates its assets to hedge funds, some of which have made investments - [Crypto-Critic Caroline Crenshaw Up For SEC Renomination](https://news.shib.io/2024/12/09/crypto-critic-caroline-crenshaw-up-for-sec-renomination/): Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw is up for renomination, with the U.S. Senate Banking Committee set to vote this week on whether to approve this move or not. According to reports, if Crenshaw is renominated and confirmed, she will serve as an SEC commissioner until 2029. However, if the Senate does not confirm her, President-elect Donald Trump may nominate someone else for the role. Crenshaw, who has been vocal in her opposition to cryptocurrency, has raised concerns within the crypto industry, with many fearing her return could lead to stricter regulations. The SEC commissioner was one of - [Trump Nominates David Sacks as White House Crypto and AI Czar](https://news.shib.io/2024/12/09/trump-nominates-david-sacks-as-white-house-crypto-and-ai-czar/): President-elect Donald Trump has named David Sacks, former PayPal Chief Operating Officer (COO) and known regulation critic, for the White House AI and Crypto Czar role. In a post on Truth Social, Trump announced that Sacks would lead the administration’s policy initiatives on artificial intelligence and cryptocurrency. The appointment aims to maintain America’s competitiveness in such rapidly growing sectors and establish the nation as the global leader in both industries. Trump further stated that Sacks’ appointment would include overseeing the protection of free speech online, ensuring that America moves away from the influence of big tech bias and censorship. According - [BONE Undervalued Gem? Analyst Predicts 5 to 20X Breakout Potential](https://news.shib.io/2024/12/08/bone-undervalued-gem-analyst-predicts-5-to-20x-breakout-potential/): BONE, the gas fee token powering Shiba Inu’s layer-2 blockchain Shibarium, is drawing attention as an undervalued asset with explosive growth potential. With Shibarium’s Total Value Locked (TVL) steadily rising, an analyst predicts BONE could deliver 5 to 20X returns, positioning it as a standout opportunity in the Shiba Inu ecosystem. Analyst Predicts Massive Upside for BONE Eric Cryptoman (@EricCryptoman on X), a full-time trader since 2016, known for his bold, high-risk, high-reward calls on emerging assets, earning a reputation as a “shitcoin maxi,” has placed a bold bet on BONE. He suggested it could achieve gains of 5 to - [Breaking News: Cardano X/Twitter Account Compromised, False Announcement Circulates](https://news.shib.io/2024/12/08/breaking-news-cardano-x-twitter-account-compromised-false-announcement-circulates/): The official Cardano X/Twitter account has been compromised, with a fake tweet claiming a SEC lawsuit against Cardano and stating the cessation of $ADA token support. The tweet, which was flagged as fraudulent, falsely claimed that the Cardano Foundation would cease support for $ADA in response to the alleged legal action. False Cardano Announcement Sparks Immediate Confusion The fraudulent tweet read:“Announcement from the Cardano Foundation: The Cardano Foundation regrets to inform our community that we have been served with a lawsuit by the U.S. Securities and Exchange Commission (SEC) on December 8, 2024. In light of this unexpected legal action, - [Shiba Inu and ZAMA Hint at TREAT Token’s Revolutionary Feature](https://news.shib.io/2024/12/08/shiba-inu-and-zama-hint-at-treat-tokens-revolutionary-feature/): Shiba Inu’s TREAT token sparks curiosity as ZAMA CEO Rand Hindi hints at a groundbreaking connection to blockchain privacy, igniting speculation about its role in revolutionizing confidential transactions within the Shiba Inu ecosystem. For months, the $TREAT token has been the subject of growing speculation, capturing the attention not only of Shiba Inu holders but also of those outside the ecosystem eager to participate in its potential. Now, a key feature of this highly anticipated token appears to have been unveiled by none other than the CEO of ZAMA. A Major Breakthrough in Blockchain Privacy Hindi, CEO of ZAMA, took - [The Shib News Recap: Friday](https://news.shib.io/2024/12/06/the-shib-news-recap-friday-2/): As we wrap up the week, here are our top crypto news highlights today, featuring key conversations around ETF applications, potential changes to how cryptocurrencies interact with the banking system, and the persistent challenges posed by crypto fraud and security threats. SEC Allegedly Shuts Door on Solana ETFs: Mixed Industry Reactions The SEC has reportedly denied applications for Solana ETFs. At least two out of five applicants were informed of the rejection. This action emphasizes the SEC’s cautious view on cryptocurrency ETFs. Industry reactions vary, with some clinging to hope for future approvals and others viewing the SEC’s stance as - [Locked Out: Coinbase Users Struggle with Account Restrictions, Demand Answers](https://news.shib.io/2024/12/06/locked-out-coinbase-users-struggle-with-account-restrictions-demand-answers/): Frustration is boiling over as Coinbase users report widespread access issues, with numerous complaints surfacing about restricted accounts and difficulties withdrawing funds, raising alarms about the platform’s customer service and security measures. Coinbase Silence Fuels Anxiety as Users Report Locked Accounts One user raised alarm on social media, questioning why their $1.2 million dollars were locked on Coinbase’s “debanked app.” The lack of official response or clarity from Coinbase ignited discussions around “Coinbase account access complaints December 2024” and the urgent need for “Troubleshooting Coinbase account restrictions.” As more users expressed their dissatisfaction and shared similar problematic experiences with the - [SEC Reportedly Rejects Solana ETF Applications, Stalling Crypto’s ETF Expansion](https://news.shib.io/2024/12/06/sec-rejects-solana-etf-applications-stalling-cryptos-etf-expansion/): The U.S. Securities and Exchange Commission (SEC) has reportedly blocked Solana ETF applications, marking a significant setback for crypto investors. With Solana’s spot exchange-traded fund plans now stalled, this decision underscores the SEC’s ongoing resistance to new cryptocurrency ETFs. SEC’s Stance on Crypto ETFs Remains Cautious According to Fox Business’ Eleanor Terett, the SEC informed at least two of five applicants that their Solana ETF filings would not be approved. This decision is part of the SEC’s broader opposition to cryptocurrency ETFs, with many speculating that no new crypto ETFs will be approved until there’s a leadership change at the - ['Wrong Side of History': OpenAI CEO Sam Altman Criticizes NY Times Lawsuit](https://news.shib.io/2024/12/06/wrong-side-of-history-openai-ceo-sam-altman-criticizes-ny-times-lawsuit/): Sam Altman, the CEO of OpenAI, has weighed in on the ongoing lawsuit filed by The New York Times against the ChatGPT developer, alleging copyright infringement. In an interview with New York Times journalist and host Andrew Ross Sorkin at the newspaper’s annual DealBook Summit, Altman shared his thoughts. He refrained from commenting on the specifics of the lawsuit and, instead, addressed the topic in broader terms. “I don’t believe in showing up in someone else’s house as a guest and being rude,” Altman said. “But I will say, I think the New York Times is on the wrong side - [Justin Sun Teases Possible MicroStrategy Equivalent](https://news.shib.io/2024/12/06/justin-sun-teases-possible-microstrategy-equivalent/): Justin Sun, the founder of the TRON blockchain network, has sparked widespread speculation online after hinting at a potential initiative involving MicroStrategy’s approach to cryptocurrency. In a post on X, Sun praised MicroStrategy’s success, stating that it demonstrates how innovation can overcome outdated regulations. “How about making a TRON TRX version of MicroStrategy?” Sun wrote.  The tease has left the blockchain community buzzing with curiosity about what Sun has in store for TRON’s ecosystem.  MicroStrategy, led by Bitcoin advocate Michael Saylor, is renowned for its large-scale investment in Bitcoin as a strategic reserve asset. The company made headlines in 2020 - [IcomTech Promoter Sentenced to 10 Years for Crypto Ponzi Scheme](https://news.shib.io/2024/12/06/icomtech-promoter-sentenced-to-10-years-for-crypto-ponzi-scheme/): A Manhattan judge has sentenced cryptocurrency salesman and IcomTech promoter David Brend to 10 years in prison after his conviction on conspiracy to commit wire fraud.  Brend was convicted for his involvement in promoting the fraudulent cryptocurrency mining and trading platform, IcomTech, in March 2024. On December 2, U.S. District Court for the Southern District of New York Judge Jennifer Rochon sentenced Brend to 120 months in jail, ordering him to serve his time at the Federal Prison Camp in Pensacola, Florida. About a month ago, Judge Rochon also sentenced Gustavo Rodriguez, another promoter involved in the IcomTech cryptocurrency scam, - [Rep. French Hill Pledges Probe into Efforts to Block Crypto from Banking Services](https://news.shib.io/2024/12/06/rep-french-hill-pledges-probe-into-efforts-to-block-crypto-from-banking-services/): Amid growing allegations of regulatory bias against the cryptocurrency industry, Rep. French Hill has announced plans to examine the challenges crypto businesses face with banking. During a Dec. 3 hearing focused on financial technology, Hill, a leading candidate to chair the House Financial Services Committee next year, raised concerns about regulatory practices affecting the crypto industry.  Hill’s move to ramp up investigations follows claims that regulators are deliberately targeting cryptocurrency businesses by restricting their access to banking services, otherwise known as “debanking.” These alleged practices have left crypto companies struggling to maintain financial relationships.  Marc Andreessen, co-founder of the venture - [Vestra DAO Suffers $500K Exploit, Token Plunges 50%](https://news.shib.io/2024/12/06/vestra-dao-suffers-500k-exploit-token-plunges-50/): Vestra DAO, a decentralized autonomous organization, has fallen victim to a cyber attack after a hacker exploited a logical flaw in its token staking contract.  On-chain analysts reported suspicious activity involving the movement of VSTR tokens. The stolen tokens, worth around $500,000, were quickly funneled through the Tornado mixer to obscure their origins. While the attack was considered relatively small in scale, it raised concerns about the security risks for other participants in the platform. The exploit was first identified by blockchain researcher Chaofan Schou, who urged users to immediately revoke permissions on their wallets to mitigate further exposure.  In - [The Shib News Recap: Thursday](https://news.shib.io/2024/12/05/the-shib-news-recap-thursday/): This Thursday, The Shib Daily reports on pressing issues in the cryptocurrency world, including crucial regulatory decisions that could influence the U.S. crypto market. Questions about the government’s transparency in managing digital assets are also raised, while Shiba Inu’s Shytoshi Kusama exposes startling details regarding a controversial airdrop. Trump’s SEC Nominee Paul Atkins and CFTC Contenders: A New Era for Regulatory Leadership in Crypto? Trump has nominated Paul Atkins, a former SEC Commissioner, to succeed Gary Gensler. He praised Atkins for his commitment to “common-sense regulations” and the importance of digital innovation. With his regulatory background, Atkins is seen as - [Bitcoin Competes with Gold, Not Currency, Says Fed Reserve Chairman](https://news.shib.io/2024/12/05/bitcoin-competes-with-gold-not-currency-says-fed-reserve-chairman/): Federal Reserve Chairman Jerome Powell has stated that Bitcoin is a competitor to gold rather than a rival to the U.S. dollar. At the New York Times DealBook Summit, Powell suggested that Bitcoin’s value lies more in its role as a store of value or investment asset, akin to gold, rather than as a medium of exchange or a unit of account, which are core features of traditional currencies.  “It’s just like gold only it’s virtual,” Powell said. “People are not using it as a form of payment, or as a store of value. It’s highly volatile. It’s not a - [NYC Mayor Eric Adams Taunts Critics, Celebrates Bitcoin Gains](https://news.shib.io/2024/12/05/nyc-mayor-eric-adams-taunts-critics-celebrates-bitcoin-gains/): New York City Mayor Eric Adams has seemingly mocked reporters in a recent interview over previous comments regarding his Bitcoin holdings. On December 3, Adams addressed the press after an event at the American LGBTQ+ Museum. During the interview, a reporter asked if Adams was looking forward to working with Tesla and SpaceX CEO Elon Musk. Adams expressed enthusiasm about the prospect of collaborating with Musk before shifting the conversation to his receipt of Bitcoin while in office. Adams emphasized that people “should not be afraid of Bitcoin,” his statement was followed by what seemed to be a mocking tone - [Shytoshi Kusama Reveals Shocking Details Behind $HAWK Airdrop](https://news.shib.io/2024/12/05/shytoshi-kusama-reveals-shocking-details-behind-hawk-airdrop/): Shytoshi Kusama, the enigmatic visionary behind the Shiba Inu (SHIB) crypto project, has made waves in the crypto community by shedding light on his involvement (or lack thereof) with the controversial $HAWK token and its proposed airdrop to the ShibArmy, the Shiba Inu community. Kusama’s candid revelations stirred reactions across social media and ignited a fresh debate on the ethics of airdrops and token launches in the world of decentralized finance (DeFi). Kusama’s Initial Disinterest in $HAWK In a thread on X (formerly Twitter), Kusama explained that his involvement with $HAWK was minimal, revealing that the project’s team had first - [US Government Transfers $33.6M in Seized FTX Crypto to Unknown Wallets](https://news.shib.io/2024/12/05/us-government-transfers-33-6m-in-seized-ftx-crypto-to-unknown-wallets/): The U.S. government has transferred $33.6 million worth of seized cryptocurrency assets, including Ethereum (ETH) and Binance USD (BUSD), from the defunct FTX and Alameda Research platforms to undisclosed wallets. According to data from blockchain analytics firm Arkham, approximately $18.17 million (5,024 ETH) in Ethereum and $13.58 million in Binance USD (BUSD) were moved to undisclosed wallets early Wednesday. In addition to the significant transfers of ETH and BUSD, smaller amounts of tokens, including SHIB, AERGO, and WBTC, were also moved to unknown addresses. On-chain data shows that these transactions were directed to addresses starting with 0x9ac and 0x9cd. The - [Trump Weighs Pro-Crypto Leaders Perianne Boring, Caroline Pham for CFTC Chair](https://news.shib.io/2024/12/05/trump-weighs-pro-crypto-leaders-perianne-boring-caroline-pham-for-cftc-chair/): President-elect Donald Trump is reportedly considering several candidates for the position of Chair of the Commodity Futures Trading Commission (CFTC), with Perianne Boring emerging as a leading contender. Trump is actively evaluating potential nominees for key positions across his administration, including leadership of the CFTC. His transition team is said to be considering several candidates to helm the agency, which is expected to play a major role in shaping regulatory policies for cryptocurrencies and the broader digital assets sector. According to Fox Business, sources with knowledge of the selection process have stated that Perianne Boring is a top pick for - [Paul Atkins, It Is! Donald Trump Confirms Top Pick for SEC Chair](https://news.shib.io/2024/12/05/paul-atkins-it-is-donald-trump-confirms-top-pick-for-sec-chair/): President-elect Donald Trump has nominated Paul Atkins, the former U.S. Securities and Exchange Commission (SEC) commissioner, to succeed Gary Gensler as the head of the agency, following Gensler’s expected resignation in January 2025. Trump announced his nomination of Atkins for the SEC chair position on Truth Social, the social media platform owned by Trump Media & Technology Group (TMTG). In his post, Trump commended Atkins as a strong advocate for practical, commonsense regulations, emphasizing his leadership experience and approach to the financial industry.  “He believes in the promise of robust, innovative capital markets that are responsive to the needs of - [SEC Shake-Up: Trump Nominates Pro-Crypto Atkins, Gensler Leaves Enforcement Bombshell](https://news.shib.io/2024/12/05/sec-shake-up-trump-nominates-pro-crypto-paul-atkins-gensler-leaves-a-final-enforcement-bombshell/): The U.S. Securities and Exchange Commission (SEC) faces a critical juncture as President-elect Donald Trump nominates former SEC Commissioner Paul Atkins, known for his pro-cryptocurrency stance, to replace Chair Gary Gensler. Gensler, in a strategic move before his departure, has bolstered the SEC’s crypto enforcement division, setting the stage for a potential shift – or clash – in how digital assets are regulated in the United States. Trump Nominates Crypto Advocate Atkins President-elect Trump nominated Paul Atkins, a former SEC Commissioner (2002-2008) and recognized expert in financial regulation, to head the agency. Atkins, then CEO of Patomak Global Partners and - [Unstoppable Shibarium: 600M Transactions Milestone and New TVL ATH Achieved](https://news.shib.io/2024/12/05/unstoppable-shibarium-600m-transactions-milestone-and-new-tvl-ath-achieved/): Shibarium, the layer-2 blockchain of the Shiba Inu crypto project, continues its relentless streak of achievements, recently surpassing 600 million completed transactions and reaching a new all-time high (ATH) in total value locked (TVL) at $10.4 million.  Shibarium Network Expansion and Growth Metrics Shibarium’s ecosystem experienced a significant surge in user activity and key network metrics over the past month. Total transactions jumped from 465.2 million on November 5 to over 602.5 million by December 4, a 29.5% increase.  This period also saw a rise in user accounts, climbing from 184,090 to 208,563, a growth of 13.3%. The growth in - [The Shib News Recap: Wednesday](https://news.shib.io/2024/12/04/the-shib-news-recap-wednesday/): This Wednesday, The Shib Daily highlights key developments focused on increased regulatory scrutiny and its impact on investor trust in the crypto sector. Emerging vulnerabilities in crypto security raise questions about the future stability and security of digital assets. Plus, the market’s response to political events adds another layer of complexity. The Legal Woes of Alex Mashinsky and Bitcoin Jesus Alex Mashinsky, the founder and former CEO of Celsius Network, has pleaded guilty to two counts of fraud related to the company’s collapse. The DOJ accused him of misleading customers about Celsius’ financial health and manipulating the market for its - [Shibarium Forges Ahead](https://news.shib.io/2024/12/04/shibarium-forges-ahead/): Read the latest edition of The Shib magazine here. - [Solana Web3.js Supply Chain Attack: Hundreds of Thousands Stolen, Limited Impact](https://news.shib.io/2024/12/04/solana-web3-js-supply-chain-attack-hundreds-of-thousands-stolen-limited-impact/): A supply chain attack targeting the Solana web3.js library has resulted in about $190,000 in stolen funds, though the core Solana protocol and major wallets remain unaffected. While the attack exposed vulnerabilities in the JavaScript library, it did not directly impact user wallets. Malicious Code Injected into Solana Web3.js Library The attack focused on versions 1.95.6 and 1.95.7 of the web3.js library, a tool used by Solana developers. Attackers injected malicious code that exposed private keys stored on backend servers, primarily impacting automated JavaScript bots, not user wallets. The Solana protocol itself and popular wallets like Phantom and Coinbase Wallet - [Grayscale Investment's Next Move: A Spot Solana ETF?](https://news.shib.io/2024/12/04/grayscale-investments-next-move-a-spot-solana-etf/): Grayscale Investments, the digital asset management firm, has filed a 19b-4 application with the U.S. Securities and Exchange Commission (SEC) to list a spot Solana exchange-traded fund (ETF). If approved, the S-1 registration form would enable the Grayscale Solana Trust to list and trade on the New York Stock Exchange (NYSE) under the ticker symbol GSOL, according to a 19b-filing on December 3. The proposed ETF would represent a conversion of Grayscale’s existing Solana Trust into a spot ETF. This follows the same approach the company previously used to convert its spot Bitcoin and Ether trusts into ETFs. “The Trust - [Ex-Celsius CEO Alex Mashinsky Pleads Guilty to Fraud](https://news.shib.io/2024/12/04/ex-celsius-ceo-alex-mashinsky-pleads-guilty-to-fraud/): Alex Mashinsky, the founder and former CEO of the now-bankrupt crypto lending platform Celsius Network, has pleaded guilty to two counts of fraud in connection with the company’s collapse.  The U.S. Department of Justice (DOJ) accused Mashinsky of committing securities fraud in two distinct ways. First, he allegedly misled Celsius customers regarding the company’s financial health and how it handled their funds. Second, Mashinsky reportedly secretly manipulated the market for Celsius’ token (CEL), profiting by selling his holdings at inflated prices. In July 2023, Alex Mashinsky was indicted on seven charges, including fraud, conspiracy, and market manipulation. Initially, Mashinsky pleaded - [South Korean Martial Law Triggers Surge in Crypto Activity](https://news.shib.io/2024/12/04/south-korean-martial-law-triggers-surging-crypto-activity/): The cryptocurrency market has stabilized after a brief period of uncertainty caused by the enforcement of South Korean Martial Law. President Yoon Suk Yeol lifted the measure just six hours after it was enacted. The declaration of martial law in the country was rescinded around 4:30 a.m. local time during a Cabinet meeting, according to local reports. The decision came shortly after the country’s parliament, with 190 lawmakers, voted to reject the order. Under South Korean law, the government is required to lift martial law if the majority of the National Assembly demands it through a vote. President Yoon Suk - [Paul Atkins Reluctant to Take SEC Chair Post?](https://news.shib.io/2024/12/04/paul-atkins-reluctant-to-take-sec-chair-post/): President-elect Donald Trump has reportedly picked former U.S. Securities and Exchange Commission (SEC) commissioner Paul Atkins as the replacement for outgoing SEC Chair Gary Gensler. However, reports suggest Atkins may be hesitant to take on the role. Atkins served as an SEC commissioner from 2002 to 2008, under Presidents George W. Bush and Bill Clinton. During his tenure, Atkins was known for opposing overly restrictive regulations, including those that could hinder innovation in emerging sectors such as blockchain technology and digital assets. Atkins’ potential appointment is widely seen as a move aligned with Trump’s campaign pledge to foster cryptocurrency innovation - [Bitcoin Jesus Challenges US Tax Evasion Charges, Calls 'Exit Tax' Unconstitutional](https://news.shib.io/2024/12/04/bitcoin-jesus-challenges-us-tax-evasion-charges-calls-exit-tax-unconstitutional/): Early Bitcoin investor Roger Ver, also known as Bitcoin Jesus, has filed a motion to dismiss tax evasion charges filed by U.S. prosecutors, arguing that the case against him is unconstitutional. Ver was charged with tax evasion by the U.S. Department of Justice (DOJ) in April this year, accusing him of failing to pay nearly $50 million in taxes. Ver was arrested while attending a crypto conference in Barcelona.  The DOJ’s indictment claims that Ver did not report taxes on the sale of around $240 million in Bitcoin in 2017 while also underreporting the value of his Bitcoin assets. This - [South Korea's Martial Law Declaration Plunges Crypto Prices](https://news.shib.io/2024/12/03/crypto-prices-plunge-amid-south-korea-martial-law-declaration/): South Korea’s sudden declaration of martial law sends shockwaves through global crypto markets today, with Bitcoin and XRP prices plummeting as political turmoil disrupts the country’s trading platforms. South Korea Enters Political Crisis as Martial Law Is Imposed On Tuesday, South Korean President Yoon Suk Yeol declared a state of emergency, accusing opposition leaders of treason and collusion with North Korea. This sweeping decree suspends critical civil liberties, including habeas corpus, and grants authorities the power to arrest citizens without warrants. Lawmakers from opposition parties were barred from entering parliament, while media outlets were placed under strict military censorship, raising - [France's Bold Crypto Tax Plan Faces Unprecedented Scrutiny](https://news.shib.io/2024/12/03/frances-bold-crypto-tax-plan-faces-unprecedented-scrutiny/): France is reportedly moving to implement a controversial crypto tax that targets unrealized gains on Bitcoin and other digital assets. With the policy gaining momentum after a recent Senate vote, the crypto community is sounding the alarm over its potential economic and regulatory fallout. This bold plan, part of the ‘Impôt sur la fortune improductive’ (Tax on Unproductive Wealth), could mark a seismic shift in how cryptocurrencies are regulated. The policy gained traction after a November 26, 2024, Senate vote, and its implications are now reverberating through the global crypto community. A video shared by Bitcoin Archive on X showcased - [MARA Holdings Plans to Raise $805M to Boost Bitcoin Holdings and Repay Debt](https://news.shib.io/2024/12/03/mara-holdings-plans-to-raise-805m-to-boost-bitcoin-holdings-and-repay-debt/): MARA Holdings, Inc., a leading player in the digital asset industry, has unveiled plans to secure $805 million through the issuance of convertible senior notes set to mature in 2031. The company stated that the funding initiative is aimed at strengthening its Bitcoin reserves while addressing existing debt liabilities as part of its broader financial strategy.  In an official statement, MARA confirmed that it plans to target qualified institutional buyers, offering $700 million in convertible senior notes, with an additional $105 million available at the discretion of the initial purchasers. MARA stated that it also plans to allocate up to - [MicroStrategy Bitcoin Bet: Another $1.5 Billion Invested](https://news.shib.io/2024/12/03/microstrategy-bitcoin-bet-another-1-5-billion-invested/): MicroStrategy has further increased its Bitcoin reserves, acquiring 15,400 BTC for an estimated $1.5 billion. This latest purchase continues the company’s strategy of bolstering its digital asset holdings. According to a Form 8-K, the business intelligence company acquired the massive amount of BTC for an average price of $95,976 per Bitcoin.  MicroStrategy CEO Michael Saylor announced on X that the company’s recent purchase brought its Bitcoin returns to 38.7% for the quarter and 63.3% for the year. As of December 1, MicroStrategy’s Bitcoin holdings have reached a total of 402,100 BTC, representing an investment of approximately $23.4 billion.  Its strategic - [Nike Shuts Down RTFKT as NFT Market Faces Steep Decline](https://news.shib.io/2024/12/03/nike-shuts-down-rtfkt-as-nft-market-faces-steep-decline/): Nike’s virtual sneaker company, RTFKT, has announced plans to wind down its activities as the broader market for digital assets continues to face challenges. RTFKT announced in a post on X that it will cease its Web3 activities by January 2025. To preserve its legacy, the company plans to launch a new website showcasing its past projects.  The digital fashion and collectibles company is set to release its final product drop this month, called MNLTH X, featuring the Blade Drop.  Founded in 2020, RTFKT quickly rose to prominence by revolutionizing the way people interacted with fashion and digital assets.  The - [Coinbase CEO Promises to Cut Ties with Law Firms Backing Anti-Crypto Officials](https://news.shib.io/2024/12/03/coinbase-ceo-promises-to-cut-ties-with-law-firms-backing-anti-crypto-officials/): Coinbase CEO Brian Armstrong has warned the company’s law firms that it will sever ties if they hire individuals involved in what he refers to as “bad deeds” against the crypto industry during the Biden administration. In a post on X, Armstrong noted that some senior law firm partners appear unaware of the growing frustration within the crypto community over regulatory actions that have impacted the industry.  Armstrong emphasized his position by citing Milbank as an example, noting that Coinbase had ended its relationship with the law firm due to their hiring of Gurbir Grewal. He further stated that Coinbase - [Bitcoin Reserve Bill Faces Headwinds: Peter Schiff Warns of Economic Consequences](https://news.shib.io/2024/12/03/bitcoin-reserve-bill-faces-headwinds-peter-schiff-warns-of-economic-consequences/): Peter Schiff, the American economist and vocal Bitcoin critic, has raised concerns over the proposed Bitcoin Reserve bill, stressing its lack of backing in Congress. Schiff took to X to express his views on the proposed legislation for a national Bitcoin reserve. He said that while the proposed bill has garnered significant support from the crypto community online, it is “not so much on Capitol Hill.” Known as the BITCOIN Act, the bill has not gained any co-sponsors besides its author, Senator Cynthia Lummis. The only other member of Congress to express support is Representative Ro Khanna.  Lummis’ Bitcoin Reserve - [Shibarium Cancun Hardfork Is Live: What It Means for Shiba Inu L2 Blockchain](https://news.shib.io/2024/12/03/shibarium-cancun-hardfork-is-live-what-it-means-for-shiba-inu-l2-blockchain/): The Shibarium network’s Cancun hardfork is now live, bringing significant upgrades to scalability and validator efficiency while positioning the layer-2 solution for seamless compatibility with Ethereum’s ongoing advancements. The hardfork, activated at block number 8200512, introduced substantial modifications to Shiba Inu’s layer-2 network’s core components, Heimdall and Bor, addressing critical needs for enhanced performance and adaptability within the competitive layer-2 blockchain landscape. This pivotal update not only facilitated immediate improvements but also laid the groundwork for future expansions and integrations within the broader Ethereum ecosystem. Heimdall Upgrade Streamlines Validator Processes in Post-Dencun Environment The Heimdall upgrade, specifically version v1.0.7-bone, focuses - [Shiba Inu Network Activity 'Much Higher Than Normal Rate'—Here's Why It Signals a Bullish Future](https://news.shib.io/2024/12/03/shiba-inu-network-activity-much-higher-than-normal-rateheres-why-it-signals-a-bullish-future/): Shiba Inu (SHIB) once again defies expectations, with network activity surging to levels “much higher than normal,” according to data from a leading crypto analytics platform. On Sunday alone, over 7,500 new wallets were created, marking an astounding 214% increase compared to the token’s average daily growth of approximately 2,400 wallets. This unprecedented surge highlighted growing interest in SHIB’s expanding ecosystem and sparked bullish sentiment among investors and analysts. A Spike in Shiba Inu Network Growth The dramatic increase in new wallet creation was not a typical occurrence for SHIB. Historically, the token had maintained a steady but modest daily - [The Shib News Recap: Monday](https://news.shib.io/2024/12/02/the-shib-news-recap-monday/): This Monday, The Shib Daily shines the spotlight on Shiba Inu (SHIB), which analysts predict is on the brink of a major price surge. Furthermore, Shibarium’s total value locked (TVL) is witnessing significant growth ahead of a critical hard fork. We also bring you pivotal crypto news headlines that examine the fallout from mining scandals and unregistered operations, and what this means for cryptocurrency and investment funds. The conversation also shifts toward the monopolistic tendencies emerging within the tech industry. Shiba Inu Bullish Breakout Sparks 179% Price Predictions; Shibarium Hits Another Record TVL Shiba Inu surged over the weekend due - [Libra Project Collapse: Ex-Facebook Exec Reveals '100% Political Kill'](https://news.shib.io/2024/12/02/libra-project-collapse-ex-facebook-exec-reveals-100-political-kill/): David Marcus, the former leader of Facebook’s now-defunct Libra project, has alleged that political resistance was the key factor behind the collapse of the stablecoin initiative. In a detailed post on X, Marcus stated that the project’s shutdown was a result of a “100% political kill,” citing behind-the-scenes actions by regulators and government officials as the main cause.  Facebook’s Libra project, aimed to create a global digital currency designed to facilitate fast, low-cost transactions across borders. The main goals of the project were to provide financial inclusion for the unbanked, offer a stable alternative to volatile cryptocurrencies, and streamline digital - [Japan FSA Warns Crypto Exchanges KuCoin, Bybit, Others for Unregistered Operations](https://news.shib.io/2024/12/02/japan-fsa-warns-crypto-exchanges-kucoin-bybit-others-for-unregistered-operations/): The Japan FSA (Financial Services Agency) has issued an official warning to five foreign cryptocurrency exchanges for conducting business in the country without the necessary registration. Under Japanese law, any platform providing cryptocurrency trading services in the country is required to register with the FSA and its Finance Department.  The five exchanges under scrutiny — KuCoin, Bitcastle LLC, Bybit Fintech Limited, MEXC Global, and Bitget Limited — are accused of offering cryptocurrency services to Japanese users without obtaining the necessary regulatory approval.  Unregistered crypto exchanges are not subject to the supervision of the FSA. As a result, users of these - [Michael Saylor Urges Microsoft Board to Embrace Bitcoin Strategic Reserve](https://news.shib.io/2024/12/02/michael-saylor-urges-microsoft-board-to-embrace-bitcoin-strategic-reserve/): Michael Saylor, co-founder of MicroStrategy, has delivered a three-minute presentation to Microsoft’s board of directors, advocating for the tech giant to integrate Bitcoin into its balance sheet within the next few years. In his 44-slide presentation, Saylor suggested that Microsoft could increase its market capitalization by nearly $5 trillion if it fully embraced Bitcoin as part of its financial strategy. Saylor recommended that Microsoft consider converting its cash flows, dividend distributions, stock repurchases, and debt into cryptocurrency as part of its strategic approach. “Bitcoin is the best asset that you can own. The numbers speak for themselves. It makes a - [Elon Musk Sues OpenAI and Microsoft for Alleged AI Monopoly](https://news.shib.io/2024/12/02/elon-musk-sues-openai-and-microsoft-for-alleged-ai-monopoly/): Tesla CEO and SpaceX founder Elon Musk has filed a lawsuit in the Northern District of California, accusing OpenAI and its major partner, Microsoft Corp., of engaging in anti-competitive practices that undermine competition in the artificial intelligence industry. The lawsuit alleged that OpenAI, the artificial intelligence research organization co-founded by Musk, has transitioned from its original non-profit model to a for-profit entity, now valued at $157 billion.  OpenAI is accused of using its influence to pressure investors to avoid backing competing AI ventures, such as Musk’s xAI, which hindered the development of alternative projects in the AI industry. The lawsuit - [SEC Sues Touzi Capital in $95M Crypto Mining Fund Scandal](https://news.shib.io/2024/12/02/sec-sues-touzi-capital-in-95m-crypto-mining-fund-scandal/): The U.S. Securities and Exchange Commission has filed a lawsuit against Touzi Capital, LLC and its managing member, Eng Taing, accusing the investment firm of misleading over 1,200 investors by falsely promising their funds would be used for cryptocurrency mining operations. Taing and Touzi Capital are accused of conducting unregistered securities offerings for their crypto asset mining funds between 2021 and 2023, raising nearly $95 million from investors across the country. The SEC complaint also claims that Touzi Capital misused investor funds for Taing’s personal expenses. Additionally, the firm allegedly raised nearly $23 million for its debt rehabilitation business but - [Is $0.000081 Next? Shiba Inu Breakout Fuels 179% Surge Speculation](https://news.shib.io/2024/12/02/is-0-000081-next-shiba-inu-breakout-fuels-179-surge-speculation/): Shiba Inu rallied over the weekend, as technical analysts point to a confirmed bullish pattern breakout, fueling forecasts of a 179% price surge towards the $0.000081 mark. Shiba Inu Price Action Sparks Optimism The world’s second-largest meme coin, Shiba Inu, briefly touched $0.00003300 over the weekend before retracing to $0.00002907 on Monday morning, marking a 2.98% dip in the past 24 hours. Despite the pullback, $SHIB remains up 10.90% for the week and a staggering 64.30% over the past month. Trading volume surged 31.25% to $6.03 billion, signaling heightened market activity as investors respond to bullish forecasts. Analysts suggest that - [Shibarium Hits New TVL ATH Again Ahead of Scheduled Hard Fork](https://news.shib.io/2024/12/02/shibarium-hits-new-tvl-ath-again-ahead-of-scheduled-hard-fork/): Shibarium, the layer-2 scalability solution of the Shiba Inu ecosystem, sets a fresh all-time high (ATH) in Total Value Locked (TVL), reaching $10.22 million.  This milestone comes ahead of the recently announced scheduled hard fork, marking a significant development for the ecosystem. The growth of Shiba Inu’s layer-2 blockchain, fueled by a surge in user engagement and active DeFi participation, reflects its expanding role in the broader blockchain space. Shibarium’s Ecosystem Breakdown Shibarium’s TVL has climbed steadily from $8 million just a week ago to its current record of $10.22 million. This notable increase highlights the growing strength of Shiba - [Shiba Inu Erupts from 4-Year Downtrend: Is a New All-Time High Imminent in 2024?](https://news.shib.io/2024/12/02/shiba-inu-erupts-from-4-year-downtrend-is-a-new-all-time-high-imminent-in-2024/): Shiba Inu ($SHIB) has decisively broken free from a stubborn four-year downtrend, igniting fervent speculation that the popular meme coin could be on the cusp of reaching a new all-time high (ATH) in 2024. This weekend proved exceptionally bullish for the world’s second-largest dog-themed cryptocurrency by market capitalization, witnessing a staggering $7 billion surge in trading volume within just 24 hours. This explosive activity has fueled expectations of a major price breakout, potentially shattering previous price records.  Market analysts are now closely examining the catalysts behind this momentum, pondering the question: Can Shiba Inu price reach a new ATH in - [Shib Tech Wizard Kaal Speaks Up On Shiba Inu Burn Mechanism, Teases More Cost-Effective Solutions](https://news.shib.io/2024/11/30/shib-tech-wizard-kaal-speaks-up-on-shiba-inu-burn-mechanism-teases-more-cost-effective-solutions/): Shiba Inu’s pseudonymous tech wizard, Kaal, has provided vital updates on the Shiba Inu burn mechanism that aims to reduce SHIB token supply. In a candid address to the community, Kaal dispelled doubts, confirmed the mechanism’s success, and revealed plans for even more efficient solutions integrated within Shibarium, the Layer-2 blockchain powering the ecosystem. Kaal Confirms Ongoing Semi-Automated Shiba Inu Burn Responding to community concerns on X (formerly Twitter) about the long-awaited auto-burn feature, Kaal revealed that a semi-automated burn mechanism has been operational for months. To date, over 300 million SHIB tokens have been burned, with Kaal himself initiating - [Shibarium Hard Fork Coming Next Week – Key Upgrade to Boost Performance](https://news.shib.io/2024/11/30/shibarium-hard-fork-coming-next-week-key-upgrade-to-boost-performance/): Shibarium, the Shiba Inu ecosystem’s Layer-2 solution, prepares for a pivotal hard fork next week, promising to enhance network performance and resolve scalability challenges. Shibarium Hard Fork WEN The Shibarium network is scheduled to undergo a crucial hard fork early next week, targeting Tuesday morning India Standard Time. This upgrade aims to significantly enhance network optimization, increase transaction speeds, and bolster overall transaction efficiency, marking a strategic milestone in Shibarium’s development. For users in Western time zones, the upgrade may occur as early as late Monday. Key Objectives of the Shibarium Hard Fork A hard fork is a significant protocol - [Shiba Eternity Web3 Tournament 5 Is Here And $BONE Is on the Line](https://news.shib.io/2024/11/30/shiba-eternity-web3-tournament-5-is-here-and-bone-is-on-the-line/): Shiba Eternity web3 players, dust off your decks and sharpen your strategies—Tournament 5 has arrived and it’s bringing a loot chest of rewards that could make even the most stoic Shiba blush.  This week’s showdown is all about claiming your share of 500 $BONE and a heaping pile of $SHIFU airdrop points. Sound tempting? It should. The action kicks off on November 30 at an ungodly hour (4:00 AM UTC for the early risers) and runs until December 2, giving you two days to battle your way to leaderboard glory. But there’s a catch: if you don’t register by December - [The Shib News Recap: Friday](https://news.shib.io/2024/11/29/the-shib-news-recap-friday/): This Friday, The Shib Daily brings you the latest in cryptocurrency, focusing on the escalating security threats faced by investors and platforms alike. Key discussions revolve around how recent regulatory changes are reshaping the landscape for major exchanges, impacting their financial products and operational strategies. Apart from this, another intriguing headline involves TRON founder Justin Sun’s recent move of eating a $6.2-million banana on a live stream! Stay informed as we delve into these developments affecting the crypto market. Reports indicate that North Korean hackers have stolen more than $1 billion in cryptocurrency through impersonation schemes. They disguise themselves as - [EU's MiCA Forces Coinbase to End USDC Yield Program](https://news.shib.io/2024/11/29/eus-mica-forces-coinbase-to-end-usdc-yield-program/): Coinbase users have expressed frustration after the platform announced that it would discontinue offering yields on USD Coin (USDC) due to new European Union Markets in Crypto-Assets (MiCA) regulations. On November 28, Coinbase informed users via email that it would halt its USDC yield offering on December 1, 2024, due to MiCa regulations on stablecoins. “Users eligible to earn USDC rewards will continue accruing rewards for USDC balances up until November 30,” Coinbase stated.  The EU’s new MiCa regulation aims to create a unified framework for crypto-assets across its member states. Prior to MiCA, inconsistent regulations between countries led to fragmentation. - [North Korean Hackers Steal Crypto Billions While Posing as VCs](https://news.shib.io/2024/11/29/north-korean-hackers-steal-crypto-billions-while-posing-as-vcs/): North Korean hackers have allegedly stolen over $1 billion in cryptocurrency in recent years through a sophisticated scheme involving impersonation. The hackers pose as venture capitalists, tech support staff, and recruiters to gain access to victims’ systems and steal their digital assets. During the Cyberwarcon conference in Washington, D.C., Microsoft Threat Intelligence researchers presented findings revealing that the North Korean regime has “successfully built computer network exploitation capability,” enabling its threat actors to “steal billions of dollars in cryptocurrency.” According to TechCrunch, investigators found that North Korean operatives have stolen a significant amount in cryptocurrency over the past decade while - [Pump Science Exploited: Fraudulent Tokens Minted](https://news.shib.io/2024/11/29/pump-science-exploited-fraudulent-tokens-minted/): Pump Science, the decentralized science (DeSci) platform, has experienced a major security breach after its private key was leaked, leading to unauthorized token minting and substantial damage to its reputation. Pump Science’s private key was accidentally exposed on its GitHub codebase, allowing attackers to gain control of the platform’s Pump.fun crypto wallet. The breach led to the creation of fraudulent tokens, including Urolithin B through E and Cocaine ($COKE), under the platform’s name. Pump Science initially launched two legitimate tokens, Urolithin A ($URO) and Rifampicin ($RIF), through its Pump.fun profile, both of which were tied to the platform’s longevity research - [XT.com Halts Withdrawals After Alleged $1.7M Crypto Hack](https://news.shib.io/2024/11/29/xt-com-halts-withdrawals-after-alleged-1-7m-crypto-hack/): Global cryptocurrency exchange XT.com has suspended withdrawals following reports of an alleged hack that resulted in the theft of $1.7 million worth of cryptocurrency. On November 28, XT.com issued a statement announcing the suspension of all coin withdrawals, attributing the decision to “wallet upgrade and maintenance.” The news came shortly before blockchain security firm PeckShield reported signs that the exchange may have been compromised in a hack. PeckShield also claimed that the hacker had exchanged the stolen funds for 461.58 ETH, and identified the wallet where the assets were transferred. XT.com later released another statement on X, confirming that it - [ETH Co-Founder Jeffrey Wilcke Sells $72M Amid Price Surge](https://news.shib.io/2024/11/29/eth-co-founder-jeffrey-wilcke-sells-72m-amid-price-surge/): Ethereum co-founder Jeffrey Wilcke has moved 20,000 ETH to the global crypto exchange Kraken just hours after Ethereum’s price surpassed $3,600 earlier today. Wilcke has been steadily selling his initial 463,203 ETH allocation since 2016. His recent $72 million transfer to Kraken is the latest example of this ongoing liquidation. From 2016, Wilcke has deposited a total of 356,805 ETH to exchanges. Before the 2021 bull market, he transferred 290,505 ETH to exchanges, with an average deposit price of $190 per token. Wilcke resumed selling in the summer of 2023, liquidating over 63,000 ETH during that period. Although his ETH - [Justin Sun Eats $6.2M Banana in Performance Art Statement](https://news.shib.io/2024/11/29/justin-sun-eats-6-2m-banana-in-performance-art-statement/): Justin Sun, founder of Tron and a well-known figure in the crypto world, made headlines again by eating a $6.2 million banana artwork during a livestream. The artwork, Comedian by Maurizio Cattelan, gained fame for its simple yet provocative design—a banana duct-taped to a wall. Sun, who purchased the artwork in 2021, turned the act of eating it into a live performance. The spectacle underscores his flair for blending art, cryptocurrency, and culture in unexpected ways. Alongside this bold gesture, Sun announced he would distribute 100,000 bananas worldwide for free, sourced from Shah Alam, a fruit vendor in New York’s - [Justin Sun Eats $6.2M Banana and Buys 100,000 More](https://news.shib.io/2024/11/29/justin-sun-eats-6-2m-banana-and-buys-100000-more/): Justin Sun, the crypto entrepreneur and founder of Tron, consumed the $6.2M banana of Maurizio Cattelan’s Comedian artwork—a banana duct-taped to a wall—during a livestream on Thursday. The bold gesture, made live in a performance art spectacle, highlighted Sun’s ongoing quest to merge art, culture, and cryptocurrency. In doing so, he redefined the value of both art and the everyday in a way that has captivated audiences worldwide. The Story Behind $6.2M Banana The banana, famously duct-taped to a wall by Italian artist Cattelan, first made waves at Art Basel Miami in 2019. It was sold for $120,000 but quickly - [Roaring Kitty $ROAR: Powered by Community and DeFi](https://news.shib.io/2024/11/29/roaring-kitty-roar-powered-by-community-and-defi/): By a ROAR Community Member Back in 2021, Keith Gill, known as Roaring Kitty, made waves by turning a $50,000 investment in GameStop into over $40 million, proving that the power of community can challenge even the biggest players. That same spirit is alive in Roaring Kitty Crypto ($ROAR), a token that shows what a united community can achieve in the world of decentralized finance (DeFi). The Comeback Story of $ROAR and Transformation into a Community Take Over (CTO) Launched by an anonymous developer in September 2022, $ROAR started strong but was soon abandoned. Yet, with its liquidity burned and - [The Shib Crypto Recap: Thursday](https://news.shib.io/2024/11/28/the-shib-crypto-recap-thursday-5/): Today’s key discussions in the crypto space are influenced by crucial developments surrounding regulation and policy—topics that have become increasingly significant as the industry matures. Adding to the excitement, Shibarium has made waves with its record-breaking total value locked (TVL) once again. Meanwhile, Shytoshi Kusama has offered valuable perspectives on the innovative features of the upcoming TREAT token. Former CFTC Chairman Christopher Giancarlo suggested that the SEC might discontinue its lawsuit against Ripple. He shared these views in an interview with FOX Business in which he addressed cryptocurrency regulation under a Trump administration. Giancarlo urged the SEC to reconsider cases - [The Shib: Year One](https://news.shib.io/2024/11/28/the-shib-year-one/): Read the latest edition of The Shib magazine here. - [Russia Crypto Tax: New Bill Impacts Miners and Traders](https://news.shib.io/2024/11/28/russia-crypto-tax-new-bill-impacts-miners-and-traders/): Russia’s upper house of parliament, the Federation Council, has passed a new bill that introduces taxes on cryptocurrency transactions and mining. The Russia crypto tax bill is now awaiting President Vladimir Putin’s approval to be signed into law. The Council gave its final approval to the amendments on Wednesday, sealing the deal after the State Duma’s green light on Tuesday. In an official statement, the Federation Council explained that the proposed law was designed to incorporate specific provisions into the Russian Tax Code on the taxation of digital currency transactions. The amendments aim to exempt cryptocurrency transactions from value-added tax - [Shytoshi Kusama Drops Key TREAT Token Utility Details Ahead of Official Launch](https://news.shib.io/2024/11/28/shytoshi-kusama-drops-key-treat-token-utility-details-ahead-of-official-launch/): Shytoshi Kusama, the visionary behind the Shiba Inu crypto project, has unveiled crucial details about the highly anticipated TREAT token, offering a glimpse into its role within the ecosystem ahead of its official launch. In a recent post on X (formerly Twitter), Kusama emphasized the TREAT token’s unique features, highlighting its integration into the ecosystem’s core principles. The announcement came just before TREAT’s official launch, which has already generated significant buzz among Shiba Inu holders and the broader crypto community. Kusama Details TREAT Token’s Role in Ecosystem Expansion Kusama’s latest remarks shed light on TREAT’s advanced features and utility. Responding - [Paul Atkins Emerges as Trump Team Top Pick For SEC Chair](https://news.shib.io/2024/11/28/paul-atkins-emerges-as-trump-team-top-pick-for-sec-chair/): Former U.S. Securities and Exchange Commission (SEC) Commissioner Paul Atkins is reportedly the top contender to lead the SEC under President-elect Donald Trump’s upcoming administration, signaling a potential shift in the direction of U.S. financial regulation. According to a Bloomberg report, Atkins had been interviewed by members of Trump’s transition team as a likely candidate for the position. Atkins brought extensive experience within the SEC. Having served as a former commissioner and staffer under two previous SEC Chairs, Richard Breeden and Arthur Levitt, Atkins possesses a deep understanding of the agency’s operations. This makes him a highly qualified candidate for - [Marathon Digital Goes on 6,474 Bitcoin Buying Spree, Reserves $160M for a Rainy Day](https://news.shib.io/2024/11/28/marathon-digital-goes-on-6474-bitcoin-buying-spree-reserves-160m-for-a-rainy-day/): U.S.-based Bitcoin mining company Marathon Digital Holdings (MARA) has secured an extra 703 Bitcoin, bringing its total BTC purchased in November to 6,474 BTC at an average price of $95,395 per BTC. In a statement on X, MARA announced that it has also set aside $160 million in remaining proceeds to purchase more Bitcoin at a lower cost in the future.  The strategic acquisition came after the company raised $1 billion through a zero-interest convertible senior note sale. MARA disclosed that a portion of the $980 million in net proceeds was allocated to repurchasing a portion of its 2026 notes. The - [ZachXBT Accuses Ex-Fortnite Pro of $3.5M Meme Coin Scam](https://news.shib.io/2024/11/28/zachxbt-accuses-ex-fortnite-pro-of-3-5m-meme-coin-scam/): ZachXBT has accused former professional Fortnite player Serpent of stealing $3.5 million through meme coin scams involving several high-profile account takeovers. In a thread posted on X, the blockchain investigator claims that wallet addresses associated with Serpent had significant involvement in several pump-and-dump schemes linked to meme coins launched on Pump.fun. In June 2020, Serpent was released from esports organization “Overtime” after being suspected of cheating. Serpent was also linked to several crypto projects, namely DAPE and ERROR, which were eventually rug-pulled.  ZachXBT alleged that the wallet address associated with ERROR was “directly connected” to multiple account takeovers, including McDonald’s, - [SEC May Drop Ripple Lawsuit, Says Ex-CFTC Chief Giancarlo](https://news.shib.io/2024/11/28/sec-may-drop-ripple-lawsuit-says-ex-cftc-chief-giancarlo/): Christopher Giancarlo, former Chairman of the Commodity Futures Trading Commission (CFTC), has suggested that the U.S. Securities and Exchange Commission (SEC) may choose to discontinue its ongoing lawsuit against Ripple.  In a recent interview with FOX Business, Giancarlo discussed broader issues surrounding cryptocurrency regulation and the expanding role of the CFTC.  FOX Business Senior Correspondent Charles Gasparino questioned Giancarlo on the possibility of the SEC reassessing its legal case against Ripple, especially in the context of a Donald Trump presidency. In response, Giancarlo suggested that the SEC should review cases it has already lost at the trial court level and - [Shibarium Breaks TVL Record Again, Reaching New All-Time High](https://news.shib.io/2024/11/28/shibarium-breaks-tvl-record-again-reaching-new-all-time-high/): Shibarium has broken its previous record for Total Value Locked (TVL) again, reaching an all-time high of $8.71 million. Within just 24 hours, Shibarium’s TVL experienced a remarkable 6.9% jump, culminating in this November 2024 all-time high, according to data from DeFiLlama. This growth underscored the rising demand for decentralized applications and liquidity pools on Shiba Inu’s layer-2 scalability network, signaling the network’s expanding DeFi capabilities. The data clearly highlighted a trend: Shibarium TVL growth continues to impress investors and users. Shibarium TVL Growth Trends: Breaking New Records in November 2024 Shibarium’s TVL all-time high in November 2024 underscored a - [Vitalik Buterin Sells Memecoin Holdings, Donates to Charity](https://news.shib.io/2024/11/27/vitalik-buterin-sells-memecoin-holdings-donates-to-charity/): Ethereum co-founder Vitalik Buterin recently made headlines for selling four meme coins for 24.5 ETH, valued at over $81,000, before donating a significant sum to the cryptocurrency policy group Coin Center. Coin Center is a leading non-profit research and advocacy organization that focuses on policy issues surrounding cryptocurrency and blockchain technology. The efforts of the organization help shape the regulatory landscape for digital assets in the U.S. and beyond. Buterin’s donation of 320 ETH, worth approximately $1.7 million, highlights his ongoing support for blockchain advocacy and research. Buterin’s decision to sell meme coins and donate to Coin Center is consistent - [Ripple Donates Additional $25M to Support Pro-Crypto Super PAC Fairshake](https://news.shib.io/2024/11/27/ripple-donates-additional-25m-to-support-pro-crypto-super-pac-fairshake/): Ripple has pledged another $25 million to Fairshake, a bipartisan super Political Action Committee (PAC), following the results of the 2024 U.S. elections.  Ripple CEO Brad Garlinghouse announced on X that the company’s additional donation to Fairshake was in support of “pro-crypto, pro-growth, and pro-innovation” candidates.  Fairshake is the most successful multi-candidate, bipartisan Super PAC in American history. Electing pro-crypto, pro-growth and pro-innovation candidates is a no-brainer, and to continue that momentum, Ripple is contributing another $25M to Fairshake. Onwards! — Brad Garlinghouse (@bgarlinghouse) November 26, 2024 A super PAC is a type of political action committee that can raise - [Justin Sun Appointed World Liberty Financial Adviser Following $30M Investment](https://news.shib.io/2024/11/27/justin-sun-appointed-world-liberty-financial-adviser-following-30m-investment/): World Liberty Financial, President-elect Donald Trump’s crypto project, has named Justin Sun as its new advisor after the latter made a $30 million investment.  In a statement on X, WLFI expressed excitement about Sun’s new role. “Justin’s insights and experience will be instrumental as we continue to innovate and grow,” it said.  Sun emphasized that his decision to invest in WLFI was driven by the project’s potential to deliver “innovative solutions for decentralized lending and governance,” dismissing any suggestion that his involvement was politically motivated.  His $30 million investment has significantly boosted the company’s token sales, bringing the total to - [Bitwise Files for Bitcoin-Ethereum ETF With SEC, Plans NYSE Launch](https://news.shib.io/2024/11/27/bitwise-files-for-bitcoin-ethereum-etf-with-sec-plans-nyse-launch/): Bitwise Asset Management has filed an S-1 registration with the U.S. Securities and Exchange Commission (SEC) for a proposed crypto-mixed spot exchange-traded fund (ETF). The asset manager also outlined plans to launch trading for the ETF as an exchange-traded product (ETP) on the New York Stock Exchange (NYSE) Arca, pending regulatory approval. In a recent announcement on X, Bitwise revealed that the NYSE Arca has “filed to list a Bitwise ETP that would both spot Bitcoin and Ether.” According to Bitwise, the goal would be to “give investors balanced exposure to the two largest crypto assets in the world in - [Oracle Sues Crypto Startup Again for Alleged Trademark Infringement](https://news.shib.io/2024/11/27/oracle-sues-crypto-startup-again-for-alleged-trademark-infringement/): Oracle Corporation has filed a new lawsuit against Crypto Oracle LLC and its owner, Louis Kerner, for allegedly violating its trademark and ignoring a previous settlement agreement. The legal battle began in 2019 when Oracle initially filed a lawsuit against the crypto firm accusing it of using its famous trademark as part of its “CryptoOracle” brand and marketing crypto-related services to Oracle’s customers and users.  In 2020, the two companies came to a private resolution, which included a court-issued permanent injunction. This ruling prohibited Crypto Oracle from using the name “CryptoOracle” or any variation of the Oracle trademark. The new - [Tornado Cash Available Soon? Court Ruling Overturns Sanctions](https://news.shib.io/2024/11/27/tornado-cash-available-soon-court-ruling-overturns-sanctions/): A landmark court ruling overturns sanctions against Tornado Cash, raising the possibility that the cryptocurrency mixing service may soon be available again, and reigniting the debate over privacy and regulation in the digital asset space. The United States Court of Appeals for the Fifth Circuit ruled that the U.S. Treasury Department overstepped its authority when it sanctioned Tornado Cash’s immutable smart contracts in 2022. The court determined that these specific smart contracts, due to their decentralized and unchangeable nature, did not constitute “property” under the law, a key requirement for sanctions. The Treasury’s Office of Foreign Assets Control (OFAC) originally - [Trump Administration Eyes CFTC for Crypto Oversight, Potentially Sidelining SEC](https://news.shib.io/2024/11/27/trump-administration-eyes-cftc-for-crypto-oversight-potentially-sidelining-sec/): The incoming Trump administration reportedly favors the Commodity Futures Trading Commission (CFTC) over the Securities and Exchange Commission (SEC) to regulate Bitcoin and Ether, potentially reshaping the future of crypto oversight in the U.S. This potential shift, reported by Fox Business, signaled a departure from the SEC’s often-aggressive approach to crypto regulation under outgoing Chair Gary Gensler. It suggested a move towards a more tailored regulatory framework, with the CFTC taking the lead on digital assets deemed commodities, like Bitcoin and Ether. Previously, the SEC asserted broad jurisdiction over the crypto space, often classifying tokens as securities based on the - [OpenAI Faces 'Artwashing' Accusations From Artists as Sora Video Tool Leaks](https://news.shib.io/2024/11/27/openai-faces-artwashing-accusations-from-artists-as-sora-video-tool-leaks/): OpenAI is facing accusations of “artwashing” from a group of artists protesting their involvement in the development of Sora, the company’s unreleased text-to-video tool. The controversy erupts as artists allegedly leaked version of Sora surfaces online, raising questions about OpenAI’s practices and sparking a broader debate about the role of artists in the age of generative AI. The artists, granted early access to Sora as testers and creative partners, claimed they were unknowingly enlisted in an unpaid research and development effort. Their contributions, they alleged, were leveraged for promotional purposes rather than genuine collaboration, with OpenAI benefiting from the artists’ - [Kraken Pulls Plug on NFT Marketplace, Enters 'Withdrawal Mode Only' This Week](https://news.shib.io/2024/11/27/kraken-pulls-plug-on-nft-marketplace-enters-withdrawal-mode-only-this-week/): Kraken abruptly pulls the plug on its NFT marketplace, signaling another blow to the struggling digital collectibles market. Barely two years after its launch, the platform is already winding down, offering users only a few months to salvage their tokens before a complete shutdown in February 2025. In an email to users, Kraken announced the marketplace will enter “withdrawal-only mode” on November 27, 2024, with users having until February 27, 2025 to withdraw their NFTs.  “After February 27, 2025, the Kraken NFT marketplace will be permanently closed, and Kraken will no longer offer NFT custody services,” the platform stated, assuring - [Shiba Inu Could Explode to $0.00003255 If Breakout Happens - Analyst](https://news.shib.io/2024/11/27/shiba-inu-could-explode-to-0-00003255-if-breakout-happens-analyst/): Shiba Inu teeters on the edge of a major breakout, with analysts forecasting a potential surge to $0.00003255. The critical pattern to watch is a tightening symmetrical triangle, signaling a decisive move is imminent. This analysis was shared by a well-known cryptocurrency influencer and analyst who frequently posts market insights and opinions about crypto assets, Carl Runefelt (@TheMoonCarl on X) on Tuesday. The forecast hinged on Shiba Inu breaking above the upper trendline of this triangle formation as shown on the chart he showed. The chart clearly depicted this symmetrical triangle, formed by converging trendlines drawn along a series of - [Sky Mavis Cuts 21% of Workforce, Prioritizing New Axie Game and Ronin Blockchain](https://news.shib.io/2024/11/26/sky-mavis-cuts-21-of-workforce-prioritizing-new-axie-game-and-ronin-blockchain/): Even as its Ronin blockchain explodes in popularity and a new Axie Infinity game is on the horizon — Sky Mavis is cutting 21% of its workforce to focus on future growth.  Sky Mavis reported impressive milestones for Ronin in 2024. The Ronin Wallet surpassed 10 million downloads, and the network itself secured its position as the third most-used blockchain globally, with over 1.1 million daily active addresses. These figures underscore Ronin’s growing prominence in the blockchain gaming sphere. Despite this success, CEO and co-founder Trung Nguyen explained on X (formerly Twitter) that the company is “doubling down on what - [Rumble Allocates Up to $20M to Bitcoin as Part of New Treasury Plan](https://news.shib.io/2024/11/26/rumble-allocates-up-to-20m-to-bitcoin-as-part-of-new-treasury-plan/): The Board of Directors at Rumble has approved a corporate treasury diversification strategy by confirming plans to add Bitcoin to its balance sheet.  The video-sharing platform’s diversification strategy intends to allocate a portion of the company’s excess cash reserves, up to $20 million, to Bitcoin.  Rumble’s recent move highlights the company’s commitment to utilizing cryptocurrency as a strategic tool. As outlined in an official statement on Rumble’s website, the decision is aimed at accelerating the company’s expansion into the crypto sector.  On November 19, Rumble Chairman and CEO Chris Pavlovski floated the idea of adding Bitcoin to the company’s balance - [TRON Founder Justin Sun Gives $30M to Trump Backed Crypto Project](https://news.shib.io/2024/11/26/tron-founder-justin-sun-gives-30m-to-trump-backed-crypto-project/): Crypto entrepreneur Justin Sun has invested $30 million in President-elect Donald Trump’s crypto company World Liberty Financial, making him the largest investor of the decentralized finance project.  “TRON is committed to making America great again and leading innovation,” Sun wrote in an X post on Monday.  According to Bloomberg News, Sun addressed questions about the investment and emphasized that it is “not related to any political purpose.” Instead, he explained that the decision was motivated by the project’s potential to provide “innovative solutions for decentralized lending and governance.” “We’re excited about the momentum experienced by World Liberty Financial, and this - [Attorney General Ken Paxton Sues Biden-Harris Admin Over Unlawful Crypto Regulations](https://news.shib.io/2024/11/26/attorney-general-ken-paxton-sues-biden-harris-admin-over-unlawful-crypto-regulations/): Texas Attorney General Ken Paxton, joined by an 18-state coalition, has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) and members of the Biden-Harris administration, accusing them of unlawfully imposing sweeping cryptocurrency regulations without proper legal authority. A press release from the Texas Attorney General’s office claims that the new SEC rules require digital asset platforms to register as securities exchanges, dealers, brokers, and clearinghouses. The filing argues that these mandates impose federal securities law compliance on platforms, even though such regulations are not explicitly outlined in existing statutory text. However, the SEC claimed such regulations are - [US Officials Detain Bitmain Antminer Units at Ports](https://news.shib.io/2024/11/26/us-officials-detain-bitmain-antminer-units-at-ports/): The Federal Communications Commission (FCC) has reportedly instructed the U.S. Customs and Border Protection (CBP) to seize Bitmain Antminer units at various ports across the country. According to Blockspace Media, CBP focused its efforts on shipments of Bitmain’s latest application-specific integrated circuit (ASIC) miners, the Antminer S21 and T21. The CBP has reportedly detained some of these units for two months. One source stated that the hold-ups are “happening nationwide,” including ports in San Francisco and Detroit.  Sources have also stated that the CBP and FCC have not targeted other manufacturers like MicroBT and Canaan.  FCC Investigation Possibly Linked to - [WisdomTree Files for XRP ETF in Delaware](https://news.shib.io/2024/11/26/wisdomtree-files-for-xrp-etf-in-delaware/): New York-based asset management firm WisdomTree has registered to create an XRP exchange-traded fund (ETF), the first step toward the filing with U.S. Securities and Exchange Commission (SEC). Reports said that WisdomTree filed for the XRP ETF on November 25 in Delaware. The company’s filing places it alongside Bitwise, Canary Capital, and 21Shares as one of the early applicants for an XRP ETF. As of now, no applications for XRP ETFs have been approved by the SEC.  Will Ripple Lawsuit Hold Back XRP ETF Approval? While this progress is encouraging, XRP’s path to becoming an ETF-backed asset is still uncertain, - [Shiba Inu Could Surge Over 300%, Analyst Predicts](https://news.shib.io/2024/11/26/shiba-inu-could-surge-over-300-analyst-predicts-citing-bullish-technical-signals/): Shiba Inu is reportedly poised to surge by over 300% from its recent price as it starts flashing bullish signals.  In a post on X (formerly Twitter), on Tuesday Javon Marks (@JavonTM1 on X) highlighted several bullish technical indicators suggesting SHIB could surge over 300% from current levels. Shiba Inu Forecast “$SHIB (Shiba Inu) looks to be in some of its best positions in years, holding well broken out and up over 162% since, while also showing majorly positive responses to a recent Hidden Bullish Divergence!” Marks wrote. He further predicted that this divergence could propel SHIB over 75% above - [Shiba Inu Shytoshi Kusama Slams Crypto Chaos, Highlights Not-So-Secret Arsenal](https://news.shib.io/2024/11/26/shiba-inu-shytoshi-kusama-slams-crypto-chaos-highlights-not-so-secret-arsenal/): Shytoshi Kusama, the pseudonymous visionary of the Shiba Inu ecosystem, has voiced their concern using a shocking report of abuse on the Pump.fun platform to emphasize the need for the Shib Nation State–a bold framework they believe can reshape crypto ethics and build a secure, transparent Web3 future. Responding to a tweet by X user @mezoteric detailing horrific acts committed for small amounts of cryptocurrency, including alleged child abuse, Kusama said, “I just want everyone to remember posts like this as we continue to unveil the Shib Network State and Operating System therein. They ask why Shib? Why a 100-page - [The Shib Crypto Recap: Monday](https://news.shib.io/2024/11/25/the-shib-crypto-recap-monday-6/): Monday brings a new set of roller-coaster communiqués in the crypto space, including regulatory actions, institutional interest, influencer-driven markets, and the never-ending “unmasking Satoshi Nakamoto” saga. The Shiba universe is not dozing off—SHIB is showing some big-picture progress and project lead Shytoshi Kusama answers hot-button issues in a Q&A session on social media platform X. Read on to learn more. SEC Hits $8.2 Billion in Penalties and Texas Regulates Bitcoin Miners The SEC has reported record fines and penalties of $8.2 billion for fiscal year 2024. This amount is the highest ever, as Gary Gensler prepares to leave the agency - [Pump.fun Under Fire as Livestreams are Exploited for Disturbing Content](https://news.shib.io/2024/11/25/pump-fun-under-fire-as-livestreams-are-exploited-for-disturbing-content/): The decentralized platform Pump.fun, which allows users to create Solana-based memecoins, is facing significant backlash after reports emerged that some users had misused its livestream feature to broadcast harmful and violent acts. Pump.fun, a platform that allows users to promote their memecoins via livestream, has come under fire for its lack of effective content moderation. Critics from within the cryptocurrency community are calling for stricter oversight of the livestream function or its potential removal altogether.  Crypto Community Calls Out Pump.fun On November 25, X user Beau, a Pudgy Penguins safety project manager, raised concerns over a user in a Pump.fun - [Elon Musk Jokes About Bitcoin and the 'Inverse Cramer' Phenomenon](https://news.shib.io/2024/11/25/elon-musk-jokes-about-bitcoin-and-the-inverse-cramer-phenomenon/): Elon Musk, Tesla CEO and a leading voice in the tech world, recently weighed in on Bitcoin’s recent price movements, reacting to a satirical post about financial analyst Jim Cramer’s influence. Referencing the “Inverse Cramer” phenomenon, Musk replied with a laughing emoji and a “100%” symbol, humorously acknowledging the post stating, “Jim Cramer is too powerful.” Bitcoin came close to hitting the $100,000 mark before Cramer’s optimistic comments. Early on Sunday, the cryptocurrency fell below $96,000, reversing its momentum. Cramer, the host of CNBC’s Mad Money and former hedge fund manager, recently shared that he owns Bitcoin, describing the cryptocurrency - [Texas Now Requires Bitcoin Miners to Register with ERCOT Grid](https://news.shib.io/2024/11/25/texas-now-requires-bitcoin-miners-to-register-with-ercot-grid/): The Public Utilities Commission of Texas (PUCT) has implemented a new regulation requiring Bitcoin miners using the Energy Reliability Council of Texas (ERCOT) grid to register and provide key details regarding their facilities.  The rule, passed on November 21, instructs all miners to share their facilities’ locations, ownership details, and electricity demands with the agency. Bitcoin miners are required to register within one working day of connecting to the ERCOT grid.  Miners who fail to register on time will face with a Class A violation with fines of up to $25,000 per day.  ERCOT oversees electricity delivery for about 90% - [Heco Chain Announces Retirement, Urges Asset Redemption](https://news.shib.io/2024/11/25/heco-chain-announces-retirement-urges-asset-redemption/): HECO Network has announced its official retirement, and urges users to convert and redeem their assets before Jan. 10, 2025.  HECO Network, introduced by Huobi Exchange on December 10, 2020, was designed as a decentralized blockchain offering a cost-effective and user-friendly alternative to Ethereum. Its ecosystem was bolstered by support from several notable decentralized finance (DeFi) projects, which contributed significantly to its rise.  The network’s retirement also leads to the disposal of some HRC20 assets, such as HRC20ETH, HRC20TUSD, HRC20LINK, HRC20USDC, HRC20UNI, HRC20SHIB, HRC20HBTC, and HRC20USDT.  Users holding the specified HRC20 assets must transfer their holdings to a designated address - [Cantor Fitzgerald Acquires 5% Stake in Tether in $600M Deal](https://news.shib.io/2024/11/25/cantor-fitzgerald-acquires-5-stake-in-tether-in-600m-deal/): Cantor Fitzgerald, the U.S. financial services and bond trading firm, has reportedly acquired a 5% stake in Tether, the company behind the world’s largest stablecoin, USDT. The move could strengthen Tether’s position at a time when the company is under heightened regulatory scrutiny. According to The Wall Street Journal, Cantor Fitzgerald’s acquisition of Tether, valued at up to $600 million, could have significant political and economic implications. The development gained added attention as the company’s CEO Howard Lutnick has reportedly been tapped to serve as Secretary of Commerce under President-elect Donald Trump. Additionally, the firm is planning to launch a - [Shytoshi Kusama Offers Shocking Response to a Burning Shiba Inu Question](https://news.shib.io/2024/11/25/shiba-inu-visionary-shytoshi-kusama-answers-a-burning-question/): Shytoshi Kusama, the enigmatic visionary behind the Shiba Inu crypto project, has unveiled a long-term strategy that dramatically reshapes the project’s approach to its ambitious 99% burn target, prioritizing ecosystem growth and utility over simple token destruction. The Shiba Inu community has long been captivated—and sometimes frustrated—by the goal of burning 99% of the SHIB token supply, a target inspired by Ethereum co-founder Vitalik Buterin’s historic burn. This ambitious goal fueled both fervent optimism and considerable skepticism. Recently, during a pre-podcast Q&A session, Kusama addressed this directly. Responding to a follower’s question about the “timeline and roadmap of burning 99% - [Satoshi Nakamoto Unmasked? New Theory Links Bitcoin Creator to 2010 Whale](https://news.shib.io/2024/11/25/satoshi-nakamoto-unmasked-new-theory-links-bitcoin-creator-to-2010-whale/): The mystery surrounding Bitcoin creator Satoshi Nakamoto deepens today as a new theory emerges, linking the elusive figure to a massive Bitcoin whale from 2010. Could this finally be the break in the case that crypto enthusiasts have been waiting for? A new theory circulating on X (formerly Twitter) suggested that the mysterious Bitcoin creator, Nakamoto, might not be who—or when—we think. Blockchain researcher Vladimir S (@officer_cia on X) proposed that the elusive Satoshi could, in fact, be the entity behind the so-called “2010 mega whale,” referring to the individual or group controlling a massive trove of Bitcoin mined in - [Crypto and Wall Street's Costliest Year? SEC Announces Record $8.2 Billion in Fines and Penalties](https://news.shib.io/2024/11/25/crypto-and-wall-streets-costliest-year-sec-announces-record-8-2-billion-in-fines-and-penalties/): The U.S. Securities and Exchange Commission (SEC) announced a record $8.2 billion in fines and penalties for fiscal year 2024, its highest ever, just as Chairman Gary Gensler prepares to depart the agency in January 2025.  This record sum revealed in the SEC’s Nov. 22 annual report, highlighted an aggressive enforcement strategy under Gensler’s leadership. Over half stems from a single $4.47 billion settlement with Terraform Labs and its former CEO Do Kwon, following fraud charges related to the 2022 collapse of their blockchain ecosystem.  Significantly, without this landmark settlement, the SEC’s 2024 collections would have been their lowest since - [Shiba Inu Blasts Past Major Cryptos with Stunning 150% Year-to-Date Gain](https://news.shib.io/2024/11/25/shiba-inu-blasts-past-major-cryptos-with-stunning-150-year-to-date-gain/): Shiba Inu, a crypto asset that started as a meme coin and is slowly evolving into a utility coin, turns heads with a remarkable 150% surge year-to-date, leaving even established giants like Bitcoin and Solana in its dust.  Data compiled by World of Statistics revealed the dog-themed altcoin is the second-best performer of 2024, trailing only Dogecoin’s staggering 310% climb. This impressive rally placed SHIB ahead of Solana’s 134% gain and Bitcoin’s respectable 113% increase. Other notable cryptocurrencies, including Binance Coin (BNB) and Ripple (XRP), also lag behind Shiba Inu’s explosive growth. The surge hasn’t gone unnoticed by the project’s - [Meme Coin Mania: 76% of Twitter Influencers Promote Worthless Tokens, Study Finds](https://news.shib.io/2024/11/25/meme-coin-mania-76-of-twitter-influencers-promote-worthless-tokens-study-finds/): Think twice before trusting that crypto influencer on X (formerly Twitter). A new study exposes the dark side of meme coin mania on X: the vast majority of influencer-promoted tokens are dead, leaving investors with significant losses. The research, conducted by CoinWire, a blockchain and cryptocurrency research platform, analyzed over 1,500 meme coins promoted by 377 Twitter influencers with at least 10,000 followers over the past three months. The findings raise serious questions about the role of influencers in the crypto space and the risks they pose to unsuspecting investors. Influencer-Driven Hype Masks Dismal Meme Coin Performance The study’s findings - [Shezmu Retrieves Stolen Crypto Following Vault Exploit](https://news.shib.io/2024/09/23/shezmu-retrieves-stolen-crypto-following-vault-exploit/): Decentralized finance (DeFi) protocol Shezmu has recovered almost $5 million in stolen cryptocurrency after negotiating with a hacker. Last Thursday, Chaofan Shou, co-founder of blockchain analytics firm Fuzzland, alerted the crypto community to a security breach in one of Shezmu’s storage vaults. Shou confirmed that around $4.9 million in ShezmuUSD (ShezUSD) stablecoin had been stolen. It was initially unclear if the incident was a hack or a rug pull. .@ShezmuTech has been hacked / rugged. ~$4.9M worth of $ShezUSD stolen. One of their vaults used collateral that can be minted by anyone. With the free collateral, the attacker can borrow - [$100 'Beautiful Limited Edition' Trump Coins Launched](https://news.shib.io/2024/09/23/100-beautiful-limited-edition-trump-coins-launched/): Donald Trump, the former U.S. President and current Republican presidential candidate, has announced the launch of his official Trump Coins.  In an announcement last Saturday, Trump introduced the product, stating, “We are introducing the launch of our Official Trump Coins! The ONLY OFFICIAL coin designed by me — and proudly minted here in the U.S.A.” The Trump Coins are made of 99.9% fine silver and feature Trump’s face on one side, while the other side displays an engraving of the White House. The coins are accompanied by a certificate of authenticity, signed by Trump himself, and come in a custom - [Bankroll Status Loses $230K to Hacker](https://news.shib.io/2024/09/23/bankroll-status-loses-230k-to-hacker/): A suspicious transaction involving the cryptocurrency platform Bankroll Status on the BNB Smart Chain (BNB) resulted in a loss of approximately $230,000 on Monday. Initial investigations point to the notorious DualPools hacker as the culprit behind this malicious activity. Blockchain security firm Cyvers announced this on X. 🚨ALERT🚨Our system has detected a suspicious transaction involving @Bankroll_Status on #BNB with loss of #230k It seems that #dualpools hacker is behind the suspicious transaction!. Our system has detected malicious contract deployment targeting #Bankroll 90 days ago! Want to… pic.twitter.com/iI9j7H6yC3 — 🚨 Cyvers Alerts 🚨 (@CyversAlerts) September 23, 2024 According to Cyvers, its - [Canada Pipes Down on Digital Dollar Project; Says More Research Needed](https://news.shib.io/2024/09/23/canada-pipes-down-on-digital-dollar-project-says-more-research-needed/): The Bank of Canada has announced that it is scaling down its efforts to develop a retail central bank digital currency (CBDC).  In a document titled “Digital Canadian Dollar,” it stated, “With this work completed, and with other payments issues gaining prominence, the Bank is scaling down its work on a retail central bank digital currency and shifting its focus to broader payments system research and policy development.” Though the Bank has piped down on the retail CBDC project, it remains unclear if the idea has been fully shelved. It confirmed that it will continue to track developments in global - [India's Enhanced AML/CFT Framework Gets Praise from FATF](https://news.shib.io/2024/09/23/indias-enhanced-aml-cft-framework-gets-praise-from-fatf/): The Financial Action Task Force (FATF), along with the Asia/Pacific Group on Money Laundering (APG) and Eurasian Group on Combating Money Laundering and Financing of Terrorism (EAG), has commended India for significantly strengthening its anti-money laundering (AML) and counter-terrorist financing (CFT) framework last week.  The recent assessment report highlights that India, as the world’s largest country by population, faces money laundering risks primarily from fraud, corruption, and drug trafficking.  Despite these challenges, India has made notable progress in financial inclusion. The country has more than doubled the proportion of its population with bank accounts and promoting digital payment systems. These - [30 Million Pesos Seized in Argentina Crypto Smuggling Crackdown](https://news.shib.io/2024/09/23/30-million-pesos-seized-in-argentina-crypto-smuggling-crackdown/): A massive operation involving raids in Mar del Plata and Bahía Blanca has led to the seizure of over 30 million pesos ($180,000) and $19,000 last week in Argentina.   This incident highlights tensions between Argentina’s growing interest in cryptocurrency and its strict economic controls. The operation targeted a suspected money laundering and smuggling ring that uses crypto investments as a cover. Personnel from Afip-Aduana and Prefectura Naval Argentina conducted the raids under orders from the Federal Court. Four suspects — two men and two women — were identified, according to authorities, as reported by La Capital.  The investigation began - [OpenSea Users File Suit, Say NFTs Sold Were 'Worthless and Unlawful'](https://news.shib.io/2024/09/23/opensea-users-file-suit-say-nfts-sold-were-worthless-and-unlawful/): Two users of the prominent NFT marketplace OpenSea, Anthony Shnayderman and Itai Bronshtein, have filed a class-action lawsuit, accusing the platform of selling unregistered securities.  The lawsuit, initiated on September 19 in Florida, claims that NFTs purchased through OpenSea, including those from the Bored Ape Yacht Club collection, are now worthless due to their allegedly illegal nature. The plaintiffs argue that certain NFTs sold on OpenSea meet the criteria of an investment contract under the Howey test, which defines what constitutes a security. They claim their purchases were part of a common enterprise, made with the expectation of profit derived - [Australia Fintech Hub Status Solidifies Further with Planned Crypto Law Overhaul](https://news.shib.io/2024/09/23/australia-fintech-hub-status-solidifies-further-with-planned-crypto-law-overhaul/): Australia is taking decisive steps to cement its status as a leading global fintech hub by preparing a regulatory overhaul for the crypto industry. The Australian Securities and Investments Commission (ASIC) is set to release updated guidance within two months requiring many crypto asset firms to obtain licenses under corporations law.  Financial Review reported this development on Monday.  ASIC commissioner Alan Kirkland is expected to emphasize Australia’s proactive approach to crypto regulation and share that licensing requirements will extend beyond digital currency exchanges. Most major crypto assets are already captured by the Corporations Act, as per the ASIC. It defines “financial - [Crypto Weekly Recap: Ransomware, Regulation, and Tether's Rise Sept 16-22](https://news.shib.io/2024/09/23/crypto-weekly-recap-ransomware-regulation-and-tethers-rise-sept-16-22/): The crypto world weathered a tumultuous week, confronting a trifecta of challenges that tested its resilience and underscored its growing influence on the global stage. A record-breaking ransomware attack, a surprising shift in the financial pecking order, and the reawakening of Bitcoin’s enigmatic creator captivated headlines and sparked intense debate about the future of this transformative technology.  These are the biggest, most impactful stories in crypto this week, painting a vivid picture of an industry grappling with its growing pains and navigating a complex landscape of opportunity and uncertainty. The cryptocurrency world experienced a tumultuous week, facing a confluence of - [Shiba Inu Weekly Recap: Key Developments and Community Updates](https://news.shib.io/2024/09/23/shiba-inu-week-in-review-a-surge-a-launch-and-a-communitys-heartbeat/): The Shiba Inu ecosystem experienced a week of dynamic growth and strategic advancements. The ecosystem saw a remarkable market resurgence and global expansion efforts, as well as the continued evolution of Shibarium and unwavering community engagement. SHIB demonstrated its commitment to innovation and its growing influence on the crypto landscape. Shiba Inu Market Surge and Global Expansion Shiba Inu’s native token, SHIB, staged a significant comeback this week, attracting renewed attention from investors and analysts. Crypto analysts predicted a bright future for the token, with some forecasting a potential 470% price surge.  This positive market sentiment was further fueled by - [Kamala Harris Mentions 'Digital Assets,' but Crypto Industry, Feeling Bruised, Wants More Than Words](https://news.shib.io/2024/09/22/harris-mentions-digital-assets-but-crypto-industry-feeling-bruised-wants-more-than-words/): Vice President Kamala Harris’ first on-the-record mention of cryptocurrency as the Democratic Party’s nominee for president has been met with a tepid response from the crypto industry, which has felt targeted by the Biden administration’s policies. At a Wall Street fundraiser in Manhattan Sunday, Harris said she would “encourage innovative technologies like A.I. and digital assets while protecting our consumers and investors.” But many crypto entrepreneurs and investors said they were unconvinced. “Encourage?” Stephen Chip, a co-founder of the crypto data platform On The Chain and a creator of the nonfungible token project Badass Yetis, wrote on X. “How about - [Shibarium Users Reap Rewards as Bonecrusher Fuels DeFi Opportunities](https://news.shib.io/2024/09/22/shibarium-users-reap-rewards-as-bonecrusher-fuels-defi-opportunities/): Shibarium users are experiencing a surge in DeFi opportunities, thanks to the recent launch of Bonecrusher on Shiba Inu’s layer-2 scalability solution by K9 Finance DAO.  Th Bonecrusher, the innovative Liquid Staking Derivative platform offers attractive rewards for locking $KNINE and staking $BONE, providing users with compelling incentives to engage with the Shibarium network and participate in its growing DeFi ecosystem. Buzz, the pseudonymous founder and developer at K9 Finance DAO, highlighted these opportunities in a recent tweet, stating, “As a @ShibariumNet user you still have access to: 1️⃣ up to 30.56% APR for locking $KNINE 2️⃣ 33.6% APR for - [Shibarium Giveaway Extended, Sweet Surprise Awaits at Shibacon](https://news.shib.io/2024/09/22/shibarium-giveaway-extended-sweet-surprise-awaits-at-shibacon/): The Shibarium giveaway, initially slated to end on September 15, has been extended until Shibacon on November 10 with a new “suprise” awaiting participants. The announcement, made by Davinci, a Shibarium Channels Admin, promised an even bigger celebration and more opportunities for participants to win. This extension came as a welcome surprise for many who are eager to participate but may have missed the original deadline. “We sincerely apologize, but for a good reason, we’ve decided to extend our giveaway until Shibacon on November 10,” Davinci shared in the announcement. “This will give more of you the chance to participate - [The Weekly Meme Digest](https://news.shib.io/2024/09/22/the-weekly-meme-digest-17/): 🐕 Woof woof, fellow degens! 🐾 Welcome back to the latest edition of The Shib’s The Weekly Meme Digest, your paw-sitive oasis in the sometimes ruff-and-tumble world of crypto. Unlike those yawn-inducing, BONE-dry financial reports, we’re here to deliver the news that matters, just like the noble Shiba Inu in our logo—unadulterated, unassuming, and always ready to dig up some juicy alpha. 🐕💼 This week’s edition is packed with more twists and turns than a dog chasing its tail at a park. 🌀 We’ve got a pixelated bird attempting a blockchain-powered resurrection (is it a phoenix or a pigeon? 🐦), - [Crypto September Bloodbath: A Non-Stop Rollercoaster of Hacks and Heists](https://news.shib.io/2024/09/22/crypto-september-bloodbath-a-non-stop-rollercoaster-of-hacks-and-heists/): Crypto in September 2024 feels less like a financial revolution and more like open season for cybercriminals. Seriously, we’re only three weeks in, and already, the hacks and heists are hitting so hard you’d think Satoshi himself was cashing out. By now, the phrase “crypto exchange hacked” should probably just become a daily headline—no surprises left, just another Tuesday. 🥲 Crypto Hot Wallets: The Gift That Keeps on Taking 💸🔥 Indonesia’s largest crypto exchange, Indodax, decided to get the party started by losing a cool $22 million from its hot wallets. Bitcoin, Ethereum, maybe some Dogecoin for good measure—the hackers - [Crypto’s New Kingpin: Tether Outprofits BlackRock in 2023—Are You Kidding Me? 🤯](https://news.shib.io/2024/09/22/cryptos-new-kingpin-tether-out-profits-blackrock-in-2023-are-you-kidding-me-%f0%9f%a4%af/): Is this real life? 🤯 Tether, the stablecoin everyone loves to hate, just out-earned BlackRock, the financial titan that’s been around since the Great Depression! 🤯 Talk about a plot twist! Tether, the stablecoin giant everyone either loves or loves to hate, just out-earned BlackRock. Yes, that BlackRock—the largest asset manager in the world, managing real money and investments. Tether raked in a cool $6.2 billion in 2023, surpassing BlackRock’s $5.5 billion. If you thought the financial world couldn’t get any weirder, welcome to 2024! 🎉 So, what’s the secret to Tether’s big payday? Turns out, it’s U.S. Treasury bills. - [Is the Fed About to Bless Crypto? Powell Hints at Rate Cuts](https://news.shib.io/2024/09/22/is-the-fed-about-to-bless-crypto-powell-hints-at-rate-cuts/): The Federal Reserve’s FOMC meeting on Wednesday is stirring up quite the buzz in both traditional and digital financial circles. Yep, the Fed is talking potential interest rate cuts, and you better believe the crypto world is hanging on every word like it’s the final rose ceremony in a reality show. 📉💔 Fed Chair Jerome Powell is considering slashing interest rates to combat the cooling U.S. labor market, which means that cash might get a little looser and borrowing a tad easier. But what does that have to do with your precious Bitcoin and Ethereum bags? Well, let’s break it - [Donald Trump’s Foray into Crypto: Burgers, Bitcoin, and 'World Liberty Financial'](https://news.shib.io/2024/09/22/donald-trumps-foray-into-crypto-burgers-bitcoin-and-world-liberty-financial/): ✋Howdy, howdy crypto folks! Welcome to yet another fun-filled weekend! Wait! You thought we chilled at the newsroom? Umm, no we didn’t, but we did certainly have a lot of fun watching Mr Trump! 🎺 Who would have thought that the former U.S. President, in a bizarre and unexpected twist, would mark his territory with burgers? 😋 Hmm, we already established that the Trump family loves Bitcoins, but who thought he would buy burgers with them?  And while paying with crypto might seem like a step toward the future, let’s just say the former President’s crypto adventure has been… interesting.🤣 - [Flap Back Into the Future: Is Flappy Bird's Comeback a Web3 Feathered Fraud?](https://news.shib.io/2024/09/22/flap-back-into-the-future-is-flappy-birds-comeback-a-web3-feathered-fraud/): Flappy Bird is soaring back into the gaming scene, apparently this time with a side of Web3! But the Web3 part of the story comes a bit later, so be patient. 😜 Anyway, the Flappy Bird Foundation announced the relaunch last Thursday. They even blessed the game’s fans with a super flashy trailer and a brand-new website. 💥 Ten and a half years after its original creator, Dong Nguyen, pulled it from the app stores, claiming it was “gone forever”—surprise! “The fans” who decided to bring it back must have found a magic feather! 🐦Many other fans are excited to - [Satoshi Nakamoto Makes a Move? Dormant Bitcoin Wallets Stir Speculation](https://news.shib.io/2024/09/20/bitcoin-creator-satoshi-nakamoto-makes-a-move-dormant-bitcoin-wallets-stir-speculation/): The cryptocurrency world was sent into a tizzy when a series of long-dormant Bitcoin wallets, believed to belong to early miners from the blockchain’s infancy, suddenly sprang to life. The unexpected activity has ignited speculation that the elusive Bitcoin creator, Satoshi Nakamoto, might be behind these early Bitcoin mining wallets. Dormant Bitcoin Wallets Awakens Blockchain analytics tool LookOnChain shared on X (formerly Twitter) on Friday that “5 miner wallets have transferred 250 $BTC ($15.9M) in the past hour. These wallets received 50 $BTC ($3.18M) as mining rewards per block back in 2009.”  This revelation ignited a firestorm of speculation about - [Shibarium: 'Hold My Beer' As Justin Sun Touts Low Transaction Fees](https://news.shib.io/2024/09/20/shibarium-fees-cheaper-tron-founder-justin-sun-touts-low-transaction-fees/): Justin Sun, the founder of TRON blockchain, has touted the network as one of the most affordable options for crypto transactions. However, Shibarium, the Ethereum-based layer-2 network of the Shiba Inu crypto project, is emerging as a major player poised to challenge this dominance.  Shibarium: The Quiet Revolution The Tron founder recently took to Twitter to highlight the low transaction fees on the Tron network, claiming that a typical transaction costs as little as 0.75 TRX ($0.1125) after fee reductions. “Tron’s on-chain fees are now among the industry’s lowest,” Sun declared, adding an enthusiastic “LFG!” Sun’s assertion, made on Thursday, - [Germany Shuts Down 47 Crypto Exchanges Linked to Money Laundering](https://news.shib.io/2024/09/20/germany-shuts-down-47-crypto-exchanges-linked-to-money-laundering/): Germany’s Federal Criminal Police Office (BKA) and the Attorney General’s Office in Frankfurt have shut down 47 cryptocurrency exchanges tied to money laundering and other criminal activities. According to a statement from the BKA on Thursday, the platforms violated “Know Your Customer” (KYC) regulations by allowing users to trade without undergoing necessary identity verification, enabling criminals to operate anonymously. The BKA named exchanges such as Xchange.cash, 60cek.org, and Baksman.com among the platforms shut down. Some of these exchanges had been operational since 2012, while others launched as recently as last year. The authorities seized customer and transaction data from these - [BingX Exchange Suffers $26 Million Hack, Suspends Withdrawals](https://news.shib.io/2024/09/20/bingx-exchange-suffers-26-million-hack-suspends-withdrawals/): BingX, a Singapore-based cryptocurrency exchange, has confirmed a hack resulting in an initial loss of $26 million.  According to blockchain security firm PeckShield, hackers targeted the exchange’s hot wallet and transferred over 360 altcoins, including 4.44 million USDT, 1.04 million WUSD, and 9.38 BTCB ($590,000). These were sent to a wallet address labeled “0xF7e8.” The assets were then quickly converted to Ethereum (ETH) and Binance Coin (BNB). Hi @BingXOfficial you may want to take a look –we observe suspicious significant fund outflow (>$13.6m) to this address: https://t.co/BEJAWWoouA — PeckShield Inc. (@peckshield) September 20, 2024 On-chain platform Lookonchain later reported that - [Worldcoin Pilots Facial Recognition for Enhanced Security](https://news.shib.io/2024/09/20/worldcoin-pilots-facial-recognition-for-enhanced-security/): Worldcoin has introduced a new facial recognition feature, Face Auth, within its World App digital wallet.  In a statement yesterday, the organization said that the feature allows “a private 1:1 face comparison that ensures only the person who verified their World ID at an orb can” access the World App. The addition aims to increase security for users, particularly for functions like “online purchases, financial transactions, [and] secure sign-in applications.” Introducing Face Auth, even more security for your World ID 🫡 pic.twitter.com/3OJ4s7lABp — Worldcoin (@worldcoin) September 19, 2024 The World App, which currently has nearly 15 million users globally, is - [US Federal Prosecutors Charge Fraudster Duo in $230M Crypto Theft](https://news.shib.io/2024/09/20/us-federal-prosecutors-charge-fraudster-duo-in-230m-crypto-theft/): Federal prosecutors on Thursday formally charged two fraudsters with crypto theft amounting to more than $230 million in cryptocurrencies. This move was revealed by blockchain investigator ZachXBT.  Malone Lam, 20, and Jeandiel Serrano, 21, were charged with stealing and laundering crypto from a victim in Washington DC. Lam is a Singaporean citizen and operates under the guise of “Anne Hathaway” and “$$$.” Serrano, on the other hand, uses “VersaceGod” and “@SkidStar” to operate online.  The indictment notes that the duo would conduct thefts related to cryptocurrency, and would even launder the stolen crypto through exchanges and mixing services. “The conspirators would - [Ex FTX Co-CEO Throws Silvergate Under The Bus, Alleges Role In Crypto Empire's Collapse](https://news.shib.io/2024/09/20/ftx-co-ceo-ex-throws-silvergate-under-the-bus-alleges-role-in-crypto-empires-collapse/): Ryan Salame, the former co-CEO of the now-bankrupt cryptocurrency exchange FTX, has publicly accused Silvergate Bank, a now-liquidated institution that specialized in serving crypto clients, of playing a key role in FTX’s downfall. Salame Alleges Silvergate Facilitated Improper FTX Fund Flows In a post on X (formerly Twitter), Salame alleged that Silvergate executives advised Alameda Research, FTX’s sister trading firm, to utilize its accounts for over-the-counter (OTC) USD trading on behalf of FTX customers until the exchange could secure its own account. “I would also like a Silvergate executive to go on record stating how they advised Alameda to use - [Security Breach Hits Banana Gun Users with $1.9 Million Loss](https://news.shib.io/2024/09/20/security-breach-hits-banana-gun-users-with-1-9-million-loss/): Users of the Telegram-based cryptocurrency trading bot Banana Gun were affected by a security breach yesterday, resulting in the theft of nearly $1.9 million in digital assets.  Reports from community members and blockchain investigators indicate that at least 11 attackers exploited vulnerabilities to drain funds from users’ wallets. The Banana Gun team immediately responded by taking the bot offline and stated, “We are investigating the issue, bot is currently offline.” They later confirmed on X on Thursday that unauthorized transfers had been made from user wallets, though they emphasized that their back-end systems were not compromised. “Only a very small - [The Chainsmokers Speak Out Against Gary Gensler at Stand with Crypto Day](https://news.shib.io/2024/09/20/the-chainsmokers-speak-out-against-gary-gensler-at-stand-with-crypto-day/): The Chainsmokers is not happy with Securities and Exchange Commission (SEC) chairman Gary Gensler. At the second “Stand with Crypto Day” by a U.S. crypto advocacy group in Washington D.C. on Wednesday, the popular American electronic DJ and production duo publicly expressed their feelings during a performance. “F***k Gary Gensler,” they said before performing a new song during the event. On stage during their performance at the @standwithcrypto event in DC, @TheChainsmokers, who also moonlight as venture capitalists and have dabbled in #crypto, expressed their feelings about the SEC Chairman. 😬 pic.twitter.com/iAdGZPLePX — Eleanor Terrett (@EleanorTerrett) September 19, 2024 The - [Another Security Breach: Decentraland X Account Compromised](https://news.shib.io/2024/09/20/another-security-breach-decentraland-x-account-compromised/): The official X account of Decentraland, the virtual reality platform, was hacked on Wednesday. According to an X post by the company, the hacker somehow managed to get access to post, read, and DM from its official account.  The security breach reportedly began with a phishing email that appeared to be from X support, which contained fake login attempts. In a bid to secure the account, team members clicked on a link to change the password. They then unknowingly fell victim to the phishing attack. Owing to this action, the hacker gave delegation access to another user, @yeray284, enabling them - [SEC Ends Ethereum 2.0 Probe After ConsenSys Lawsuit; Texas Court Confirms](https://news.shib.io/2024/09/20/sec-ends-ethereum-2-0-probe-after-consensys-lawsuit-texas-court-confirms/): In a significant development for the Ethereum ecosystem, the U.S. Securities and Exchange Commission (SEC) officially dropped its investigation into “Ethereum 2.0” after ConsenSys filed its lawsuit. ConsenSys filed the lawsuit to defend the ecosystem from what it described as the SEC’s regulatory overreach. As per the company on X,  the SEC’s investigation into Ethereum, particularly its “Ethereum 2.0” upgrade, exemplified the agency’s aggressive enforcement agenda targeting blockchain developers. The post further mentions that a Texas court recognized that the SEC had already provided the relief ConsenSys sought regarding this critical issue. This came as a surprising move, as earlier - [German Authorities Infiltrate Tor Network to Identify Darknet Users](https://news.shib.io/2024/09/20/german-authorities-infiltrate-tor-network-to-identify-darknet-users/): Law enforcement agencies have reportedly begun infiltrating the Tor network, successfully deanonymizing users in certain criminal investigations. According to reporters from ARD political magazine Panorama and STRG_F, German authorities have been monitoring Tor servers for extended periods, enabling them to trace anonymous users through a technique known as “timing analysis.” The research revealed that German law enforcement successfully identified users in at least one case by using timing analysis to link individuals to specific Tor nodes. This method involves monitoring data packets and their transmission timing through different Tor network nodes. The longer the surveillance of individual nodes, the greater - [El Salvador Grows Bitcoin Reserves, Holding $359 Million in Crypto](https://news.shib.io/2024/09/20/el-salvador-grows-bitcoin-reserves-holding-359-million-in-crypto/): El Salvador, the first country to adopt Bitcoin as legal tender, has been steadily increasing its Bitcoin reserves, currently holding about $359.58 million worth of Bitcoin.  As per recent data from crypto intelligence platform Arkham Intelligence, President Nayib Bukele’s government has been purchasing 1 Bitcoin per day since late 2022. The platform also reports that these purchases have been recorded directly on-chain since March of this year. Source: Arkham Intelligence  On top of that, in 2021, El Salvador made Bitcoin an official currency. This move allowed the use of Bitcoin for various transactions, from paying taxes to buying coffee. A - [Crypto News Recap: September 19-Crypto's Global Reach Expands as Regulation Tightens and Shiba Inu Soars](https://news.shib.io/2024/09/19/crypto-news-recap-september-19-cryptos-global-reach-expands-as-regulation-tightens-and-shiba-inu-soars/): The crypto world navigated a landscape of contrasting forces on Thursday, as regulatory crackdowns targeted alleged misconduct, adoption gained traction in unexpected corners of the globe, and the Shiba Inu ecosystem celebrated a surge in activity and positive price predictions. Governments Tighten the Reins on Crypto Wild West U.S. Treasury Sanctions Cambodian Senator: The U.S. Treasury Department took aim at a Cambodian senator, alleging involvement in cryptocurrency scams and financial misconduct. The sanctions highlighted the growing determination of governments to combat illicit activities within the crypto space and hold individuals accountable for their actions. Finnish Police Investigate Crypto Executive: A - [Shiba Inu Makes Monumental Comeback, "SHIB Will Be Huge," Says Crypto Analyst](https://news.shib.io/2024/09/19/shiba-inu-makes-monumental-comeback-shib-will-be-huge-says-crypto-analyst/): Shiba Inu (SHIB), the meme coin with a penchant for defying expectations, is roaring back to life. A recent surge in price, coupled with a bullish technical breakout and enthusiastic pronouncements from a prominent crypto analyst, has ignited hopes of a monumental comeback.  Technical Indicators Signal SHIB Bullish Momentum “SHIB will be huge,” declared Crypto Sheriff, a respected voice in the crypto community, hinting at the potential for significant gains in the near future. He also shared a screenshot of the Shiba Inu chart, loaded with all the juicy technical indicators. An analysis of the SHIB/USDT chart reveals compelling evidence - [3 Most Common Crypto Scams in 2024 and How to Spot Them](https://news.shib.io/2024/09/19/3-most-common-crypto-scams-in-2024-and-how-to-spot-them/): As the number of individuals adopting cryptocurrency grows, so does the number of malicious actors with ulterior motives. The Crypto Scam Tracker of the Department of Financial Protection & Information (DFPI) in California shares current information on scams as they emerge, including detailed descriptions and the names of the fraudulent websites involved. The tracker contains information on scams derived from consumer complaints. It reflects accounts of financial losses that complainants have attributed to fraudulent or misleading activities. The DFPI, however, clarifies that it has not confirmed the loss claims made by these individuals. Here are three of the most common - [Shiba Inu Experiences Seismic Breakout, Eyes 470% Price Surge](https://news.shib.io/2024/09/19/shiba-inu-experiences-seismic-breakout-eyes-470-price-surge/): Shiba Inu (SHIB) is surging! A recent bullish breakout, highlighted by a prominent crypto trader, has ignited excitement and renewed hope for a 470% surge, potentially propelling SHIB’s price to $0.000081. Crypto Analyst Predicts Shiba Inu Bull Run Crypto trader Javon Marks spotlighted this development to their over 42,000 followers Wednesday, projecting a formidable three-digit surge in SHIB’s price, potentially marking a 468.42% spike from its current price of $0.00001424. “$SHIB (Shiba Inu)’s BREAKOUT HOLDS and its first larger target remains over 470% away at $0.000081,” the crypto trader said in an X post that came with a screenshot of - [Shibarium Takes Flight: Network Metrics Skyrocket Post-K9's Bonecrusher  Launch](https://news.shib.io/2024/09/19/shibarium-takes-flight-network-metrics-skyrocket-post-k9s-bnecrusher-launch/): Shibarium, the layer-2 network of the Shiba Inu crypto project has emerged from its nascent stages with a dramatic surge in key performance indicators. The catalyst? The launch of K9 Finance DAO, a decentralized finance protocol has ignited a frenzy of activity within the Shiba Inu ecosystem. Shibarium Transaction Fees and Network Activity Explode Just a few hours after K9 Finance DAO’s debut, Shibarium witnessed a remarkable transformation. Average transaction fees, a barometer of network usage, skyrocketed by an astounding 1088.40%, leaping from a mere $0.00345 to $0.0410. The total transaction fees echoed this surge, experiencing a phenomenal 1922.974% increase, - [Ethena Labs Website Compromised in Front-End Exploit](https://news.shib.io/2024/09/19/ethena-labs-website-compromised-in-front-end-exploit/): The front-end of Ethena Labs’ website has been hacked. In a statement yesterday on X, the company informed users that its domain registrar account was compromised, leading to the temporary deactivation of the site. Ethena Labs cautioned users against interacting with any websites or applications claiming to be Ethena. However, the company clarified that the Ethena protocol was not impacted, stating, “All customer funds remain safe.” The Ethena domain registrar account was recently compromised and we have taken steps to deactivate the site until further notice. The protocol is unaffected and funds are safe. Please do not interact with any - [Louisiana Becomes Latest U.S. State to Accept Bitcoin For Government Services](https://news.shib.io/2024/09/19/louisiana-becomes-latest-u-s-state-to-accept-bitcoin-for-government-services/): Louisiana has officially become the latest U.S. state to accept Bitcoin payments for government services. State Treasurer John Fleming announced yesterday that citizens can now make payments using Bitcoin, Bitcoin Lightning Network, and USD Coin. The Louisiana Department of Wildlife and Fisheries processed the first cryptocurrency payment using Bitcoin’s Lightning Network. LOUISIANA STATE GOVERNMENT ACCEPTS FIRST CRYPTOCURRENCY PAYMENThttps://t.co/C9NqQbpEyo Louisiana State Treasurer, John Fleming, M.D. announces an innovative transition with state government's plan to accept cryptocurrency as a valid form of payment. pic.twitter.com/b9B0OK7Al9 — John Fleming, MD Louisiana State Treasurer (@LATreasury) September 18, 2024 Fleming described this development as a way - [US Treasury Sanctions Cambodian Senator for Alleged Crypto Scams and Financial Misconduct](https://news.shib.io/2024/09/19/us-treasury-sanctions-cambodian-senator-for-alleged-crypto-scams-and-financial-misconduct/): The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Cambodian businessman and ruling party senator Ly Yong Phat, his conglomerate L.Y.P. Group Co., Ltd., and several of his businesses, including O-Smach Resort, for their involvement in human rights abuse and financial misconduct linked to online scam operations.  Bradley T. Smith, acting undersecretary of the Treasury for Terrorism and Financial Intelligence, highlighted OFAC’s commitment to combat financial fraud.  “Today’s action underscores our commitment to hold accountable those involved in human trafficking and other abuses, while also disrupting their ability to operate investment fraud schemes - [Trump Buys Burgers with Bitcoin at NYC Bar, Courts Crypto Supporters](https://news.shib.io/2024/09/19/trump-buys-burgers-with-bitcoin-at-nyc-bar-courts-crypto-supporters/): Republican Presidential candidate Donald Trump made headlines on Wednesday when he used Bitcoin to pay his bill at a bar in New York City. This marked the first time a U.S. president has publicly used cryptocurrency for a transaction. YouTuber Dom Lucre (@dom_lucre) took to X to share this news.  The pub’s owners proudly announced that this was the first transaction by a president on the Bitcoin protocol. After completing the purchase, Trump remarked, “History in the making.” As part of the event, Trump distributed burgers to patrons, branding them as “crypto burgers.” While he paid for the food, Diet - [SEC Settles Charges Against Rari Capital for Unregistered Securities and Misleading Investors](https://news.shib.io/2024/09/19/sec-settles-charges-against-rari-capital-for-unregistered-securities-and-misleading-investors/): The U.S. Securities and Exchange Commission (SEC) has agreed to a settlement with Rari Capital, Inc. and its co-founders Jai Bhavnani, Jack Lipstone, and David Lucid on charges that include misleading investors and operating as unregistered brokers. According to the SEC’s press release, Rari Capital offered two key investment products: Earn pools and Fuse pools. These allowed investors to deposit crypto assets into lending pools with the promise of returns. Some investors also received governance tokens tied to their investments. The SEC claimed that these were unregistered offers and sales of securities. The Earn pools were promoted as autonomous systems - [HEX Founder Richard Heart Faces Criminal Investigation in Finland](https://news.shib.io/2024/09/19/hex-founder-richard-heart-faces-criminal-investigation-in-finland/): Finnish authorities are investigating Richard Schueler, also known as Richard Heart, the American founder of HEX and PulseChain, for alleged tax evasion and assault. According to the authorities, Heart, who resides in Helsinki, is suspected of failing to pay hundreds of millions of euros in taxes to Finland. “Based on the very considerable amount of money in question and the long-term and planned nature of the activity, there are grounds to suspect gross tax evasion,” Helsinki police detective Harri Saaristola told a media outlet. On September 13, the police issued a remand order for Schueler in absentia, indicating their suspicion - [X Accounts of High-Profile Brands, Celebrities Hacked by Meme Coin Scammers](https://news.shib.io/2024/09/19/x-accounts-of-high-profile-brands-celebrities-hacked-by-meme-coin-scammers/): Crypto analyst ZachXBT (@zachxbt) recently shared that several high-profile brand and celebrity accounts on X have been compromised and are promoting a fake meme coin. He noted that the meme coin scammers targeted large companies like Lenovo India, Yahoo News UK, and even the EU Commission Directorate-General for Regional & Urban Policy. Even the X accounts of Alexandre Lacazette, the French football player, and filmmaker Oliver Stone, were not spared, among many others.  ZachXBT said that the compromised accounts were found posting about a meme coin, which appears to be fraudulent. Initial data suggests that the scammers have not profited - [OpenAI Announces Changes to Safety Committee Leadership](https://news.shib.io/2024/09/19/openai-announces-changes-to-safety-committee-leadership/): OpenAI has announced that its internal Safety and Security Committee (SSC) would transition to an independent body following a 90-day review that recommended external governance for safety oversight. The committee was established in May to evaluate critical safety and security decisions. After 90 days, its assessment recommended the creation of independent governance for safety measures. Sam Altman, who was previously named in May as part of the committee, was not mentioned in the latest announcement, leading to speculation online about his departure from the SSC. The newly formed independent committee will be chaired by Zico Kolter, Director of the Machine - [Crypto Gains Traction in South Korea and Hong Kong Through Institutional Support](https://news.shib.io/2024/09/19/crypto-gains-traction-in-south-korea-and-hong-kong-through-institutional-support/): Eastern Asia has emerged as the sixth largest crypto economy in the world in 2024, as per a recent report by analytics firm Chainalysis. Institutional players are leading a surge in cryptocurrency adoption in South Korea and Hong Kong, two of Eastern Asia’s most prominent markets.  The Eastern Asian region fetched more than $400 billion in on-chain value between July 2023 and June 2024, the report noted.  Furthermore, South Korea remains the largest crypto market in Eastern Asia, receiving about $130 billion in cryptocurrency value during the study period. Since early 2023, South Korea’s share of regional transaction value has - [Crypto News Recap-September 18](https://news.shib.io/2024/09/18/crypto-news-recap-september-18/): The crypto world navigated a complex intersection of regulatory scrutiny, technological advancements, and community-driven initiatives on Wednesday. As the specter of increased oversight from Washington loomed large, developers pushed the boundaries of blockchain technology, and the Shiba Inu ecosystem continued its ambitious expansion. Washington’s Gaze Intensifies on the Crypto Frontier SEC Commissioners Face Congressional Grilling: Five commissioners from the U.S. Securities and Exchange Commission (SEC) prepared to testify before the House Financial Services Committee, signaling a potential turning point in the regulatory landscape for cryptocurrencies in the United States. The hearing promised to shed light on the SEC’s approach to - [Bonecrusher Bites: K9 Finance's Liquid Staking Launch On Shibarium Chases Lido's Ethereum Debut](https://news.shib.io/2024/09/18/bonecrusher-bites-k9-finances-liquid-staking-launch-on-shibarium-chases-lidos-ethereum-debut/): The Shiba Inu community is known for defying expectations, and the launch of K9 Finance’s Bonecrusher Mainnet on Shibarium has delivered another jaw-dropping moment.  Bonecrusher TVL Surges Following Successful Launch Within the first hour of its debut, nearly 50% of all Shibarium $KNINE tokens were staked or locked, a testament to the project’s fervent community support and the allure of its innovative liquid staking solution. But what’s even more remarkable is how this launch stacks up against the industry titan, Lido, and its groundbreaking entry into the Ethereum ecosystem.  The numbers painted a compelling picture. Approximately 62.3 billion $KNINE tokens - [Shibarium Gets Liquid Staking Boost from K9 Finance DAO](https://news.shib.io/2024/09/18/shibarium-a-bone-crushing-debut-k9-finance-injects-shibarium-with-liquid-staking-power/): A new energy is coursing through the Shiba Inu ecosystem, a palpable buzz of excitement as K9 Finance, a rising star in the DeFi world, unleashes its Bonecrusher Mainnet upon Shibarium.  K9 Finance Boosts Shibarium More than just another launch this development is a strategic alliance, a fusion of innovation designed to propel Shibarium to new heights. The K9 Finance mainnet, a highly awaited project, promises to enhance Shibarium’s security, boost its Total Value Locked (TVL), and drive wider adoption of this ambitious layer-2 scaling solution. Bonecrusher, as its name suggests, is designed to break down barriers to participation in - [Fintech Firm Revolut Plans to Launch Its Own Stablecoin](https://news.shib.io/2024/09/18/fintech-firm-revolut-plans-to-launch-its-own-stablecoin/): Revolut, the London-based fintech company, is reportedly working on its own stablecoin as it continues to expand its cryptocurrency offerings. A number of sources have reported that the firm is working on the development of the token. A spokesperson from Revolut stated that the company aims to grow its crypto services while prioritizing compliance and security. “Crypto is a big part of our belief in banking without borders, and we have a clear mission to become the safest and most accessible provider of crypto asset services,” the spokesperson told CoinDesk. The move places Revolut in the company of other financial - [Countdown to ShibaCon](https://news.shib.io/2024/09/18/countdown-to-shibacon/): Read the latest edition of The Shib magazine here. - [SEC Investigates Individuals Tied to Nanobit and CoinW6 Scams](https://news.shib.io/2024/09/18/sec-investigates-individuals-tied-to-nanobit-and-coinw6-scams/): The U.S. Securities and Exchange Commission (SEC) has initiated charges against several individuals and entities tied to two fraudulent cryptocurrency platforms, Nanobit and CoinW6.  The SEC alleges that the participants in these schemes used social media apps such as WhatsApp, LinkedIn, and Instagram to deceive investors by creating fake relationships. The agency noted that these cases represent its first enforcement action against this scam. Gurbir S. Grewal, director of the SEC’s Division of Enforcement, stated on Tuesday, “Relationship investment scams, including those involving crypto-asset investments, pose a risk of catastrophic harm to retail investors, and the threat is increasing rapidly - [Largest Ever Bitcoin Ransom: Cencora Shells Out $75 Million After Cyberattack](https://news.shib.io/2024/09/18/bitcoin-largest-ever-ransom-cencora-shells-out-75-million-after-cyberattack/): The cost of cybercrime is reaching staggering new heights, as evidenced by a record-breaking ransomware payment made by a major drug distributor. Cencora Inc. shelled out a jaw-dropping $75 million in Bitcoin to hackers following a ransomware attack, marking the largest known cyber extortion payment to date. The company’s initial silence on the matter, however, speaks volumes about the pressure corporations face when navigating the murky world of cybercrime. Paid Millions in Bitcoin to Ransomware Group The payment, made in three installments in March, came after Cencora discovered a data breach in February, according to a Bloomberg report. Blockchain sleuth - [Google Cloud Introduces Blockchain RPC Service](https://news.shib.io/2024/09/18/google-cloud-introduces-blockchain-rpc-service/): Google Cloud has launched its Blockchain Remote Procedure Call (RPC) service, aimed at simplifying the process for crypto developers to interact with blockchain data. The new service will initially support the Ethereum mainnet and testnet, with plans to include other blockchains in the future, according to a blog post from Google Cloud on Wednesday. The company said that the Blockchain RPC service is launching with a free tier that allows up to 100 calls per second and one million daily requests. Google Cloud confirmed that the service is fully compatible with Ethereum’s JSON-RPC standard, allowing developers to integrate it into - [GOP Lawmakers Call on Gensler to Explain SEC’s Stance on Crypto Airdrops](https://news.shib.io/2024/09/18/gop-lawmakers-call-on-gensler-to-explain-secs-stance-on-crypto-airdrops/): Two Republican lawmakers are pressing Securities and Exchange Commission (SEC) Chair Gary Gensler to clarify the agency’s stance on crypto airdrops. In a letter sent yesterday, Representatives Tom Emmer and Patrick McHenry raised concerns over the SEC’s recent actions regarding airdrops in several lawsuits. They argued that the agency’s approach may hinder American blockchain technology innovation. In its footnote, the letter cited cases like the lawsuit against Hydrogen Technology Corporation in 2022, describing airdropped Hydro tokens as “unregistered offers and sales of securities.” It took a similar route in March 2023 when the regulator sued Tron founder Justin Sun, accusing - [Exclusive Interview: Shibtoshi on Crypto Conventions, Community Building, and the Future of Web3](https://news.shib.io/2024/09/18/exclusive-interview-shibtoshi-on-crypto-conventions-community-building-and-the-future-of-web3/): The world of crypto, though nascent, is constantly evolving, with innovation happening at a breakneck pace. While much of the action takes place in the digital realm, crypto conventions offer a unique opportunity for the community to connect, learn, and collaborate in person. To gain insights into the power of these gatherings, we sat down with Shibtoshi, the pseudonymous founder of the SquidGrow ecosystem, known for his deep understanding of the blockchain space and his commitment to building thriving communities. In this exclusive interview, Shibtoshi shared his insights on effective networking strategies, the value of educational opportunities, the importance of - [Exclusive Interview with Anndy Lian: The Power of Crypto Conventions](https://news.shib.io/2024/09/18/exclusive-interview-with-anndy-lian-the-power-of-crypto-conventions/): The world of crypto is dynamic—innovation knows no bounds and relationships often start with nothing more than a username and an avatar, the role of physical interaction cannot be overstated. Enter Anndy Lian, a seasoned intergovernmental blockchain expert, speaker, author, and investor. Known for his ability to bridge the gap between traditional industries and the digital frontier, Lian has spent years navigating the complexities of blockchain, government policies, and crypto communities. With his unique vantage point on crypto conventions, Lian shed light on how these gatherings serve as more than just networking hubs—they are catalysts for knowledge sharing, community building, - [Where Did the Billions Go? YouTuber Investigates OmegaPro](https://news.shib.io/2024/09/18/coffeezilla-probes-omegapro-where-did-billions-disappear-to-in-alleged-ponzi-scheme/): Internet investigator Coffeezilla has launched an investigation into OmegaPro, a recently collapsed investment platform suspected of being a Ponzi scheme.  According to him, OmegaPro may have amassed a staggering $4 billion from investors before its abrupt downfall. However, the whereabouts of these funds remain shrouded in mystery. What’s OmegaPro OmegaPro rose to prominence a few years ago by promising lucrative returns through forex and cryptocurrency trading. The platform allegedly lured investors with the allure of high yields and a multi-level marketing structure. However, there were growing concerns regarding the legitimacy of OmegaPro’s claims and the sustainability of its payout model. - [Crypto Whale Loses $500K in Sophisticated Token Scam](https://news.shib.io/2024/09/18/crypto-whale-loses-500k-in-sophisticated-token-scam/): A cryptocurrency investor recently fell victim to a clever token scam, losing a staggering 896 billion $TitanX valued at nearly $500,000 on Tuesday.  Cybersecurity firm Web3 Antivirus (@web3_antivirus) shared the information on X.  According to reports, the attackers employed a sophisticated tactic, mimicking an original transaction address to deceive the victim. This clever ruse convinced the whale to transfer the substantial sum to the wrong address. Shockingly, the entire ordeal unfolded in under 12 hours, highlighting the rapid pace and ruthless efficiency of cryptocurrency scammers. Image source: Web3 Antivirus Crypto scams are a real concern and can come in different - [Ethereum's Vitalik Buterin Responds to Claims That Crypto Market Maturity Has Arrived](https://news.shib.io/2024/09/18/ethereums-vitalik-buterin-responds-to-claims-that-crypto-market-maturity-has-arrived/): Vitalik Buterin, co-founder of Ethereum, has recently commented on the ongoing debate over whether the cryptocurrency industry remains in its early stages. His remarks were in response to a discussion sparked by Travis Kling, Chief Investment Officer at crypto-focused fund Ikigai, who questioned the validity of the “we are still early” narrative in the crypto sector. Another retort to the thesis I’ve laid out here is “we’re so early bro.” Stop. Stop it. It’s not that early. Bitcoin is worth a trillion bucks and half of Wall Street owns it at this point. All the rest of crypto is worth - [Trump's Crypto Venture: More Questions Than Answers](https://news.shib.io/2024/09/18/trumps-crypto-venture-more-questions-than-answers/): Former U.S. President and current Republican presidential candidate Donald Trump’s latest foray into the world of cryptocurrency has left many in the industry disappointed. The unveiling of his decentralized lending platform, World Liberty Financial, was light on details and heavy on hype.  As a result, many are wondering if Trump’s crypto venture is a genuine attempt to revolutionize finance or just a clever publicity stunt. Despite the two-hour live Spaces forum on the social media platform X, Trump and his team failed to provide any concrete information about how the platform would work. Entrepreneur Wayne Vaughan (@WayneVaughan) expressed his displeasure, - [Robinhood CLO Accuses SEC of 'Scorched Earth' Crypto Policy, Calls for Regulatory Clarity](https://news.shib.io/2024/09/18/crypto-exec-robinhood-clo-accuses-sec-of-scorched-earth-crypto-policy-calls-for-regulatory-clarity/): Robinhood’s Chief Legal Officer, Dan Gallagher, delivered a scathing critique of the Securities and Exchange Commission’s (SEC) approach to crypto regulation during a House Financial Services Subcommittee hearing on Tuesday. Gallagher Laments SEC’s Reliance on Outdated Legal Precedents on Crypto Gallagher, a former SEC commissioner himself, accused the agency of a “scorched earth” policy that is stifling innovation and driving crypto businesses overseas. In his testimony, Gallagher lamented the lack of clear guidance on which digital assets the SEC deems to be securities, stating that “the most fundamental problem in digital asset markets is that there is no clear guidance - [Navigating the Dark Side of DAOs: The Threat of Governance Capture](https://news.shib.io/2024/09/18/navigating-the-dark-side-of-daos-the-threat-of-governance-capture/): Decentralized Autonomous Organizations (DAOs) hold the promise of reforming governance through their self-governing nature, yet the same characteristic gives rise to significant risks. DAOs can be used as tools for decentralized mobilization and governance capture, enabling fringe groups to form autonomous structures that exploit power and control or operate outside necessary societal norms. If left unchecked, the dark side of DAOs could become a breeding ground for harmful ideologies and organized manipulation.  Increasing Adoption of DAOs As per the latest statistics from DeepDAO, the cumulative treasury across various DAOs stands at a substantial $20.6 billion. A significant portion of this - [CFTC Appeals Ruling on Election Contracts, Citing Risks to Democracy](https://news.shib.io/2024/09/18/cftc-appeals-ruling-on-election-contracts-citing-risks-to-democracy/): The U.S. Commodity Futures Trading Commission (CFTC) is appealing a recent court ruling that allowed Kalshi, a prediction market platform, to offer contracts tied to U.S. elections. CFTC Chairman Rostin Behnam warned that such contracts pose risks to election integrity and financial markets. Last Thursday, U.S. District Court Judge Jia M. Cobb ruled that the CFTC overstepped its authority in blocking Kalshi’s contracts. Behnam swiftly responded by stating, “This is against the law, and we will make that case.” The CFTC argues that Kalshi’s contracts constitute gaming, which are illegal in many states, and are contrary to the public interest. - [Hong Kong to Announce AI Policies for Finance Sector by October End](https://news.shib.io/2024/09/18/hong-kong-to-announce-ai-policies-for-finance-sector-by-october-end/): The Hong Kong government plans to release policies regarding the use of artificial intelligence (AI) in the finance sector by the end of October.  The new policies reportedly aim to increase AI adoption in various financial markets, such as traditional trading, investment banking, and cryptocurrencies, according to a Bloomberg report. The Financial Services and the Treasury Bureau (FSTB), which is responsible for financial policy in Hong Kong, is said to be drafting a framework for the ethical use of AI in these markets. Officials are also currently working on the policy document and gathering feedback from the financial industry. An - [Dong Nguyen Confirms No Involvement in Flappy Bird Relaunch, Denies Crypto Support](https://news.shib.io/2024/09/18/dong-nguyen-confirms-no-involvement-in-flappy-bird-relaunch-denies-crypto-support/): Dong Nguyen, the Vietnamese game developer known for creating the viral mobile game “Flappy Bird,” has confirmed that he is not involved in the upcoming re-release of the game.  In an X post, Nguyen clarified his lack of involvement with the game’s relaunch and emphasized that he does not support cryptocurrency. This was the game developer’s first post on X since 2017. He distanced himself from the re-release and the associated use of cryptocurrency, which some reports suggest may be tied to the new version. Rise of the Flappy Bird Foundation A group calling themselves the “Flappy Bird Foundation Group” - [Five-Member SEC Commission Called to Testify on Crypto Assets](https://news.shib.io/2024/09/18/five-member-sec-commission-called-to-testify-on-crypto-assets/): All five commissioners of the U.S. Securities and Exchange Commission (SEC) will testify before the House Financial Services Committee next Tuesday. This is the first time since 2019 that all SEC members will appear together for a testimony session. The specific topics to be discussed during the hearing are still unclear, but there is widespread speculation that crypto regulation could be addressed. Crypto expert James Murphy, also known as MetaLawMan, humorously speculated that SEC Chairman Gary Gensler might again face questions about whether Ethereum (ETH) should be classified as a security. The classification of digital assets like ETH has been - [Wintermute Launches Blockchain-Based US Presidential Election Prediction Market](https://news.shib.io/2024/09/18/wintermute-launches-blockchain-based-us-presidential-election-prediction-market/): Wintermute, the global algorithmic trading firm, is set to launch a smart contract for a new U.S. presidential election prediction market next week.  As per a press release, the market will feature TRUMP and HARRIS tokens. It will rely on Chaos Labs’ Edge Proofs Oracle to ensure accurate data delivery across multiple blockchains, such as Ethereum, Base, and Arbitrum. The TRUMP and HARRIS tokens may be be used in DeFi applications and listed on various exchanges. Evgeny Gaevoy, CEO of Wintermute, highlighted the ease of participation for users. He noted that by joining directly from their native blockchain ecosystems, users - [Prager Metis Settlement: A Canary in the Crypto Coal Mine?](https://news.shib.io/2024/09/18/prager-metis-settlement-a-canary-in-the-crypto-coal-mine/): The $1.95 million settlement between the SEC and Prager Metis over the firm’s negligent audit of FTX might seem like just another headline in the ongoing saga of the crypto exchange’s implosion. But this case, buried under the avalanche of FTX’s dramatic collapse and Sam Bankman-Fried’s legal battles, raises a chilling question: is this a harbinger of a wider auditing crisis brewing in the volatile world of cryptocurrency? A Test Case for Crypto Auditing Prager Metis, a mid-sized accounting firm aggressively expanding into the crypto space, is hardly a household name. Yet, its failure to adequately scrutinize FTX’s financials, particularly - [Crypto Daily Recap: September 17, 2024](https://news.shib.io/2024/09/17/crypto-daily-recap-september-17-2024/): The crypto world is buzzing with activity Tuesday, with major developments impacting institutional adoption, political spending, exchange security, and regulatory enforcement. Here’s your daily recap of the most significant crypto news shaping the landscape: DBS Bank Embraces Crypto Options, MicroStrategy Doubles Down on Bitcoin DBS Bank, a leading financial institution in Asia, announced plans to launch over-the-counter (OTC) crypto options trading and structured notes for its institutional clients. This move signals a growing acceptance of crypto among traditional financial institutions and could pave the way for wider adoption of digital assets in mainstream finance. Adding to the institutional momentum, MicroStrategy, - [Caroline Ellison Could Avoid Prison, Probation Report Recommends 'Supervised Release' and No Fine ](https://news.shib.io/2024/09/17/ellison-could-avoid-prison-probation-report-recommends-supervised-release-and-no-fine/): Caroline Ellison, once a key player in the FTX empire and confidante of Sam Bankman-Fried, is now poised to face sentencing for her role in the company’s spectacular collapse. But days before her scheduled hearing, the narrative surrounding Ellison has shifted dramatically. The U.S. government, in a compelling letter to Judge Kaplan, recommends no jail time and no fine. citing her “extraordinary cooperation with the government” and compelling character testimonials. The recommendation, if adopted by Judge Kaplan at Ellison’s sentencing hearing on September 24, would mark a significant victory for the former crypto executive, who pleaded guilty to seven charges - [Binance Denies Responsibility as WazirX Hack Fallout Intensifies](https://news.shib.io/2024/09/17/binance-denies-responsibility-as-wazirx-hack-fallout-intensifies/): A bitter blame game is unfolding in the crypto world as Binance, the world’s largest cryptocurrency exchange, vehemently denies any responsibility for a massive hack that drained WazirX users of nearly $235 million. Binance is publicly accusing WazirX’s leadership of “misleading customers” and employing “disappointing deflection tactics” to avoid accountability for the devastating cyberattack that occurred in July 2024. Binance and WazirX: A Complex Crypto Tug-of-War The conflict stemmed from the complex and contested relationship between Binance and the troubled Indian crypto exchange, WazirX. Binance insisted it “never acquired or controlled WazirX,” despite a previously signed agreement, due to WazirX’s - [DBS Bank to Launch OTC Crypto Options Trading and Structured Notes for Institutional Clients](https://news.shib.io/2024/09/17/dbs-bank-to-launch-otc-crypto-options-trading-and-structured-notes-for-institutional-clients/): DBS Bank has announced that it will launch over-the-counter (OTC) cryptocurrency options trading and structured notes for its institutional clients and accredited wealth clients starting in the fourth quarter of 2024. The Singapore-based bank disclosed today that the new offerings will involve financial products linked to the price of Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization. The bank stated that eligible clients who wish to gain exposure to these digital assets can do so through options trading and structured notes. According to DBS, these products will allow clients to manage the volatility associated with cryptocurrency prices. Jacky - [MicroStrategy Plans $700 Million Convertible Note Offering](https://news.shib.io/2024/09/17/microstrategy-plans-700-million-convertible-note-offering/): MicroStrategy, a Bitcoin development company, announced on Monday its plan to offer $700 million in convertible senior notes that will mature in 2028.  The company will offer the notes privately to qualified institutional buyers under Rule 144A of the Securities Act of 1933. It may grant initial purchasers an option to buy up to an additional $105 million in notes within 13 days of the initial offering. “The notes will be unsecured, senior obligations of MicroStrategy and will bear interest payable semi-annually in arrears on March 15 and September 15 of each year, beginning on March 15, 2025. The notes - [Crypto Hits $1 Billion Milestone in 2024 U.S. Election Spending](https://news.shib.io/2024/09/17/crypto-hits-1-billion-milestone-in-2024-u-s-election-spending/): The cryptocurrency industry’s involvement in the 2024 U.S. election has reportedly surpassed $1 billion. This includes political donations, crypto betting, PolitiFi tokens, and Republican presidential candidate Donald Trump’s NFT sales. The crypto industry contributed over $190 million in political donations alone, according to a study by blockchain analytics firm Breadcrumbs. This amount far exceeds previous election cycles, with $98 million donated in 2022 and $15 million in 2020. Source: Breadcrumbs Crypto betting has been a significant factor behind this. More than $1 billion is said to have been wagered on the 2024 presidential election using the decentralized betting platform Polymarket, - [SEC Fines FlyFish Club for NFT Securities; Commissioners Peirce and Uyeda Criticize Overreach](https://news.shib.io/2024/09/17/sec-fines-flyfish-club-for-nft-securities-commissioners-peirce-and-uyeda-criticize-overreach/): Securities and Exchange Commissioners Hester Peirce and Mark Uyeda expressed dissent on Monday from SEC’s recent decision to issue an administrative order against FlyFish Club (FFC) for allegedly offering “crypto asset securities.” In a joint statement, the two Commissioners argued that the agency is becoming overly focused on crypto-related cases at the expense of innovation. The FlyFish Club (FFC) is a private dining club that sells memberships in the form of non-fungible tokens (NFTs). People could transfer these tokens without the club management’s involvement. The SEC ruled that FFC’s membership NFTs were securities. As a result, the SEC fined FFC - [Trump Debuts World Liberty Financial, Touts Crypto as Key to America's Future](https://news.shib.io/2024/09/17/trump-debuts-world-liberty-financial-touts-crypto-as-key-to-americas-future/): Republican presidential candidate Donald Trump officially launched his crypto venture World Liberty Financial on Monday. In an X Spaces conversation with crypto influencer Farokh Sarmad, Trump expressed enthusiasm about the official launch. “We’re going to make our country greater than ever before, and you’re going to love your crypto,” he said. During his fireside conversation, Trump talked about previous his lack of interest in cryptocurrencies, when wasn’t too familiar with them yet. He narrated how that stance changed as time passed, and credited his children for “opening his eyes.” Trump’s sons, Eric and Donald Trump Jr., property developer Steve Witkoff, - [Crypto News Recap: September 16 – A Day of Geopolitical Maneuvers and Shiba Inu's Global Push](https://news.shib.io/2024/09/16/crypto-news-recap-september-16-a-day-of-geopolitical-maneuvers-and-shiba-inus-global-push/): The crypto world witnessed a dynamic interplay of geopolitical forces and community-driven initiatives on September 16th, as nations staked their claim in the digital asset landscape and the Shiba Inu community continued its global brand-building efforts. Bitcoin’s role in national strategies came into sharper focus, while the decentralized finance (DeFi) space grappled with security concerns and the implications of centralization. Nations Chart Their Course in the Crypto Verse Bhutan’s Bitcoin Embrace: The Himalayan kingdom of Bhutan emerged as an unexpected player on the crypto stage, revealing its position as the fourth-largest Bitcoin holder among nations. This strategic move highlighted the - ['Baldilocks' vs. Sun: Coinbase CEO Fires Back in Wrapped Bitcoin Debate](https://news.shib.io/2024/09/16/coinbase-baldilocks-vs-sun-coinbase-ceo-fires-back-in-wrapped-bitcoin-debate/): Coinbase CEO Brian Armstrong, playfully dubbed “Baldilocks” by a crypto critic, has responded to a barrage of accusations from TRON founder Justin Sun regarding the recently launched Coinbase Wrapped Bitcoin (cbBTC), sparking a heated debate about centralization and trust within the cryptocurrency community. Controversy Erupts Over cbBTC of Coinbase Last week, Coinbase introduced cbBTC, an ERC-20 token fully backed by Bitcoin held in Coinbase custody. The move aimed to bridge Bitcoin with the Ethereum ecosystem, facilitating its use in decentralized finance (DeFi) applications.  However, Sun expressed strong reservations about cbBTC, alleging a lack of transparency and potential for censorship. In - [Bhutan Ranks as Fourth-Largest Bitcoin Holder Among Sovereign Nations](https://news.shib.io/2024/09/16/bhutan-ranks-as-fourth-largest-bitcoin-holder-among-sovereign-nations/): Bhutan has emerged as the fourth-largest sovereign holder of Bitcoin globally, according to data from blockchain analytics firm Arkham.  The country, with a population of under one million, reportedly holds over 13,000 Bitcoin, valued at more than $750 million as of today. Bhutan’s Bitcoin holdings place it behind the United States, China, and the United Kingdom, surpassing El Salvador, which had previously been in fourth place. Meanwhile, a recent CoinGecko data revealed that governments worldwide collectively control over 2.2% of Bitcoin’s total supply. While most countries with significant Bitcoin reserves acquired their holdings through seizures or daily purchases, Bhutan has - [Crypto Game Developers Fabricate Wall Street Journal Article in Bizarre Publicity Stunt](https://news.shib.io/2024/09/16/crypto-game-developers-fabricate-wall-street-journal-article-in-bizarre-publicity-stunt/): In a desperate bid for attention, the team behind a crypto-based mobile game has resorted to fabricating a Wall Street Journal article, claiming its project’s founder was arrested for attempting to smuggle thousands of condoms into Singapore. Fake News Circulates About Crypto CEO The incident, which unfolded Saturday, saw DoginHood, a self-described “Robin Hood game-based meme coin,” share a screenshot of the fabricated article on X (formerly Twitter). The fake story alleged that the project’s CEO had been detained by Singaporean customs officials for attempting to smuggle 20,000 condoms into the country, purportedly for an upcoming crypto conference. The image, - [Crypto Sleuth Exposes Circle's Hypocrisy in Lazarus Group Fund Freeze](https://news.shib.io/2024/09/16/crypto-sleuth-exposes-circles-hypocrisy-in-lazarus-group-fund-freeze/): A lone blockchain investigator has ignited a firestorm in the crypto world by accusing stablecoin giant Circle of dragging its feet in freezing funds stolen by North Korean hackers Lazarus Group, raising questions about corporate responsibility and the effectiveness of blacklisting in the fight against cybercrime. ZachXBT, a prominent on-chain sleuth known for exposing crypto scams and illicit activities, publicly lambasted Circle and its CEO, Jeremy Allaire, on X. “@jerallaire you do not care at all about the ecosystem except extracting from it,” ZachXBT wrote in a scathing tweet. “Not once have you ever blacklisted after a DeFi exploit / - [Shiba Inu's Treat Yourself Campaign Electrifies Korean Blockchain Week, Sets Sights on Token 2049](https://news.shib.io/2024/09/16/treat-yourself-shiba-inu-campaign-electrifies-korean-blockchain-week-sets-sights-on-token-2049/): The Shiba Inu ecosystem is on a mission to connect with its global community, and the “Treat Yourself” campaign is leading the charge. Fresh off a vibrant showing at Korean Blockchain Week 2024 (KBW2024), the initiative, designed to foster closer ties within the Shiba Inu community, is now headed to the influential Token 2049 event in Singapore. Treat Yourself At KBW 2024 Korean Blockchain Week, a major hub for blockchain and cryptocurrency enthusiasts in Asia, proved to be a dynamic platform for the Shiba Inu team and its devoted ShibArmy. The event featured a packed schedule of insightful discussions, cutting-edge - [AI Voice Cloning Scams Rise, Fraud Losses Set to Soar - Deloitte](https://news.shib.io/2024/09/16/ai-voice-cloning-scams-rise-fraud-losses-set-to-soar-deloitte/): As Google Ireland faces scrutiny over its AI practices, concerns are growing about the misuse of artificial intelligence in criminal activity. Scammers are increasingly using AI voice cloning to impersonate family members or colleagues to steal sensitive information. Impersonation scams have long been a threat, but artificial intelligence (AI) is making them more dangerous. A recent Deloitte report predicts that generative AI will lead to a sharp rise in fraud-related losses in the coming years. Source: Deloitte The report highlights a case in Hong Kong where an employee unknowingly sent US$25 million to fraudsters who used deepfake video technology to - [DeltaPrime Exploited on Arbitrum Chain, Loses $6M](https://news.shib.io/2024/09/16/deltaprime-exploited-on-arbitrum-chain-loses-6m/): DeltaPrime, a decentralized finance (DeFi) platform on the Arbitrum blockchain, has been attacked, leading to a loss of approximately $6 million. The attack was executed through a private key exploit that allowed hackers to gain control of the platform’s admin wallet. “Multiple suspicious transactions” were identified by on-chain security firm Cyvers, which reported that the attackers managed to reroute DeltaPrime’s proxy contracts to a malicious contract. This enabled them to drain funds from various pools, including those holding USDC, ARB, and Bitcoin. The exploit was facilitated after the attackers gained access to the admin key, which was identified as 0xx40e4ff9e018462ce71fa34abdfa27b8c5e2b1afb. - [BTM Fraud On The Rise, Scammers Targeting Elderly Americans - US Senators](https://news.shib.io/2024/09/16/btm-fraud-on-the-rise-scammers-targeting-elderly-americans-us-senators/): U.S. Senate Majority Whip Dick Durbin and six other Senate Democrats expressed concerns over Bitcoin ATMs (BTMs) last Thursday, noting that these may be enabling BTM fraud against elderly Americans. Durbin and Senators Richard Blumenthal, Jack Reed, Tina Smith, Elizabeth Warren, Peter Welch, and Sheldon Whitehouse sent a letter to the nation’s largest BTM operators, urging them to address the rising number of scams. They said that fraudsters exploited the anonymity of crypto transactions to coerce and threaten seniors into depositing money to fraudulent crypto schemes The letter was sent to some of the largest BTM players, including Athena Bitcoin, - [Russia Ramps Up Crypto Mining: 15 New Data Centers Planned Amid Shifting Policies](https://news.shib.io/2024/09/16/russia-ramps-up-crypto-mining-15-new-data-centers-planned-amid-shifting-policies/): The Russian government has revealed plans to build 15 data centers in the Komi Republic. This signals its latest move toward embracing cryptocurrency. According to the announcement made by Russian media outlet TASS last Friday, the data centers will be built in the city of Mikun in the Ust-Vymsky District and in the village of Sindor in the Knyazhpogostsky District.  The Russian government will invest around 2.5 billion rubles for this initiative. According to Vladimir Uyba, head of the Komi Republic, lands have already been allocated for the construction of these facilities, according to the announcement.  In a statement shared - [Shiba Inu Conquers Global Stage, Co-Hosts Token 2049 After-Party Event in Singapore](https://news.shib.io/2024/09/16/shiba-inu-conquers-global-stage-co-hosts-token-2049-after-party-event-in-singapore/): Shiba Inu, the meme coin turned global phenomenon, is taking center stage at TOKEN2049, Asia’s premier cryptocurrency conference, by co-hosting a high-profile after-party event in Singapore.  Shiba Inu Co-Hosts Epic TOKEN2049 Afterparty Scheduled for September 19, this highly anticipated celebration, held at the upscale Avenue Lounge, promises to be the crown jewel of TOKEN2049, a gathering of crypto’s most influential players. The event, themed “Meet Your Meme,” not only exemplifies Shiba Inu’s playful spirit but also underscores its serious stake in the cryptocurrency world.  Organized in partnership with LBank, the after-party event brings together Shiba Inu’s fervent community, along with - [Crypto Navigates a Shifting Landscape: Regulation, Geopolitics, and Innovation Dominate the Week (Sept 9 – 15, 2024)](https://news.shib.io/2024/09/16/crypto-navigates-a-shifting-landscape-regulation-geopolitics-and-innovation-dominate-the-week-sept-9-15-2024/): The crypto world finds itself at a crossroads, grappling with intensifying regulatory scrutiny, navigating geopolitical complexities, and witnessing a surge in both institutional interest and technological innovation. This week’s headlines paint a picture of a rapidly evolving industry, where established players and emerging technologies alike are forced to adapt to a dynamic environment. Crypto Regulatory Scrutiny Intensifies Across the Globe Last week, the U.S. House Republicans launched a probe into Securities and Exchange Commission (SEC) Chair Gary Gensler’s approach to cryptocurrency regulation, signaling a growing political debate over the industry’s future. The SEC itself continued its push for stricter oversight, - [Shiba Inu Ecosystem Roars to Life in Week of Upgrades and Anticipation](https://news.shib.io/2024/09/15/shiba-inu-ecosystem-roars-to-life-in-week-of-upgrades-and-anticipation/): This week, the Shiba Inu ecosystem shed its meme-coin image and emerged as a force to be reckoned with, showcasing significant technological advancements, strategic partnerships, and a growing sense of anticipation among its dedicated community, the Shib Army. From a major upgrade to its Layer 2 solution, Shibarium, to bullish price predictions and advancements in its Web3 gaming platform, the ecosystem vibrated with activity, setting the stage for a potentially transformative period. Shibarium Takes Center Stage with Powerful Upgrades The spotlight this week shone brightly on Shibarium, Shiba Inu’s Layer 2 blockchain, which received a powerful upgrade combining the Bor - [Who Really Owns Most Bitcoin? The Answer May Surprise You](https://news.shib.io/2024/09/14/bitcoin-who-owns-most-the-answer-may-surprise-you/): When we think of Bitcoin, we often imagine a distributed network of individual users. However, the truth is that a significant portion of the BTC supply is held by a surprisingly small number of individuals, companies, and even governments. An analysis of BTC ownership reveals a growing concentration of the cryptocurrency, raising questions about the extent to which Bitcoin’s original vision of decentralization has been realized. The Rise of Institutional and Corporate Bitcoin Holders Data compiled by Arkham Intelligence shows that the top 13 BTC holders, a mix of individuals, exchanges, and investment firms, collectively control approximately 4.42 million Bitcoins, - [Tokenized Real-World Assets Market Value Reaches Over $12B Says Binance Research](https://news.shib.io/2024/09/14/tokenized-real-world-assets-market-value-reaches-over-12b-says-binance-research/): The market value of on-chain real-world assets (RWAs), excluding stablecoins, has reached over $12 billion, showcasing continued interest from investors in tokenizing traditional assets on blockchain networks. According to a study released on Friday by Binance Research, the overall value of Real-World Assets (RWAs) has exceeded a new high, reaching over $12 billion. This figure doesn’t account for the stablecoin sector, estimated at $175 billion. Tokenization converts real-world assets like real estate, government bonds, stocks, and intangible assets such as carbon credits into digital tokens on a blockchain. This process makes traditionally illiquid markets easier to trade. It allows investors - [Shiba Inu Could See 'More Pumps' Analyst Predicts, Bulls Gear Up As Price Finds Support](https://news.shib.io/2024/09/14/shiba-inu-could-see-more-pumps-analyst-predicts-bulls-gear-up-as-price-finds-support/): Bullish sentiment is building around Shiba Inu (SHIB) as the cryptocurrency finds support at a key price level, fueling hopes of a renewed rally. A crypto analyst suggests that SHIB is attracting buyers, setting the stage for potential price “pumps” in the near future, as the broader market conditions also appear favorable. Shiba Inu Price Action and Potential for Growth Shib Knight (@army_shiba on X) suggested that SHIB is accumulating near a key support level, indicating that bullish momentum may be building. The analyst anticipates further price increases in the near future, citing favorable market conditions and identifying specific price - [The Weekly Meme Digest](https://news.shib.io/2024/09/14/the-weekly-meme-digest-16/): Buckle Up, Crypto Fam! It’s Meme Mania Time! 🚀🤡 Welcome, crypto crusaders, to this week’s edition of The Weekly Meme Digest! We’ve got all the hot takes, cold jokes, and spicy memes you need to survive another week in the wild west of blockchain. This week’s edition is packed with juicy stories that will make you laugh, cry, and question everything you thought you knew about the crypto world. We’re serving up a cryptic cocktail of mysteries, market moves, and major shakeups that’ll keep you on the edge of your seat. Ready to dive into the madness? Read on to - [SBF's 'Ex-cuse Me' Plea: A Crypto Comedy of Errors](https://news.shib.io/2024/09/14/sbfs-ex-cuse-me-plea-a-crypto-comedy-of-errors/): In the grand saga of crypto scandals, Sam Bankman-Fried’s appeal for a retrial stands out like a particularly spicy meme coin. It’s a tale of alleged bias, questionable legal tactics, and a whole lot of drama. Ladies and gentlemen, pull up a chair, grab your popcorn 🍿, and let’s dive into the latest twist in the FTX soap opera: Sam Bankman-Fried (SBF) is back, and he wants a retrial. Yes, you heard that right. Just when you thought the FTX saga couldn’t get any spicier, SBF throws a Hail Mary, claiming that the judge in his case wasn’t playing fair. - [Gary Gensler: Is He Harris’ Baggage or Just a Scapegoat?](https://news.shib.io/2024/09/14/gensler-is-he-harris-baggage-or-just-a-scapegoat/): Gary Gensler, the man who’s been cracking down on crypto like a man on a mission, is suddenly finding himself under investigation for – wait for it – favoritism. Yes, folks, the Chair of the SEC is now being accused of playing favorites when hiring his senior staff. 🧐 The plot thickens. As if Gensler wasn’t already causing Kamala Harris enough of a political headache, now there are whispers that his alleged hiring biases might just be the perfect excuse to finally kick him to the curb. And let’s face it, with Gensler becoming more of a political liability every - [CZ Is Coming Home: A Bull Run or Just Bull?](https://news.shib.io/2024/09/14/cz-is-coming-home-a-bull-run-or-just-bull/): The crypto world’s favorite rogue founder, Changpeng “CZ” Zhao, is about to make his grand return to the wild west of blockchain! Set to be released from his “halfway house” on Sept. 29, 2024, CZ’s imminent release is sparking all kinds of speculation across the cryptosphere. Will his return mark a bullish rally for the crypto market, or will it be just another episode in the ever-dramatic reality show of crypto? 🍿 For those who need a quick recap: CZ, the former CEO of Binance, has been chilling in a federal facility after pleading guilty to violations of the Bank - [Bitcoin Death Cross Looms: Saylor Says ‘Hold My Beer’ As He Forecasts $13M](https://news.shib.io/2024/09/14/bitcoin-death-cross-looms-saylor-says-hold-my-beer-as-he-forecasts-13m/): In a stark contrast to its $74,000 all-time high back in March, Bitcoin recently took a hard nosedive, landing at around $56,000 as of September 11. That’s nearly a 25% drop! 🤕 And let’s just say some indicators are sounding the alarm bells, warning us that it might dip even more in the weeks ahead. 📉 It has managed to catch its breath and is back up to $60,431 at the time of writing. 🤓 Was that just a pit stop or will BTC experience an even lower dip in the near future as feared by some? 😰 Get ready - [Trump World Liberty Fi: DeFi Revolution or Distraction Tactic?](https://news.shib.io/2024/09/14/trump-world-liberty-fi-defi-revolution-or-distraction-tactic/): Hold onto your MAGA hats, folks, because Donald Trump is diving headfirst into the crypto world! That’s right, the former president, the man who gave us steaks, a university, and a series of reality TV meltdowns is now launching his own crypto platform, World Liberty Financial, and it’s promising to be as entertaining as his presidency. The Pro-Crypto Trump Trump, who once called Bitcoin a “scam,” has apparently had a change of heart (or maybe just a change of strategy). He’s now rebranding himself as a crypto champion, promising to usher in a new era of financial freedom with his - [The Shib Daily Crypto Recap: Friday](https://news.shib.io/2024/09/14/crypto-the-shib-daily-recap-friday/): Friday proved to be another dynamic day in the ever-evolving world of crypto, marked by significant regulatory developments, ongoing discussions about blockchain scalability, and notable price movements across various digital assets. From Hong Kong signaling a potential shift in its stance towards crypto services to Vitalik Buterin’s call for greater decentralization in Layer-2 networks, the day’s news underscored the industry’s continuous push towards maturity and mainstream adoption, even amidst persistent market uncertainties. The Shiba Inu ecosystem buzzed with activity, with Shibarium’s robust security measures garnering praise and the potential for a BONE supply squeeze captivating investors. Meanwhile, the broader financial - [The Shib News Recap: Friday](https://news.shib.io/2024/12/27/the-shib-news-recap-friday-3/): Today’s top headlines are focused on discussions about the convergence of geopolitical factors and cryptocurrency in Russia, the potential delisting of a major industry player, and recent regulatory changes in the crypto scene in Turkey. Is Russia Using Bitcoin as a Trade Weapon? Russian companies are increasingly using cryptocurrency for international trade, as confirmed by Finance Minister Anton Siluanov. This shift comes in response to Western sanctions that have hurt Russia’s economy and made banks wary of processing transactions related to Russia. Siluanov predicts that Bitcoin usage in international trade will grow over the next year. Additionally, a new legal - [Shib Year in Review](https://news.shib.io/2024/12/27/shib-year-in-review/): Read the latest edition of The Shib Magazine here. - [KULR Technology $21 Million Bitcoin Purchase Fuels Record High](https://news.shib.io/2024/12/27/kulr-technology-21-million-bitcoin-purchase-fuels-record-high/): KULR Technology Group, Inc., an energy management platform, has acquired 217.18 Bitcoin (BTC) valued at $21 million, driving its stock to a record high. The company made its initial move in its Bitcoin Treasury strategy with its recent purchase at an average price of $96,556.53 per Bitcoin, causing its shares to soar by over 40% following the announcement of the investment.  This investment marks the company’s commitment to allocating up to 90% of its surplus cash into Bitcoin, positioning it as a long-term holding in its financial strategy. In a filing with the U.S. Securities and Exchange Commission (SEC) on - [Mystery Whale Fuels Aave with $417 Million Ethereum](https://news.shib.io/2024/12/27/mystery-whale-fuels-aave-with-417-million-ethereum/): A mystery whale, using an account linked to the crypto exchange HTX, has deposited 125,000 Ethereum (ETH) into the decentralized finance (DeFi) protocol Aave on Christmas Day. It was valued at $417 million. Lucas Outumuro, the head of research at Intotheblock.com, revealed the massive Ethereum deposit into the DeFi protocol in a recent post on X. Aave allows users to lend and borrow digital currencies. It offers various features, including overcollateralized loans and flash loans, and operates across 13 different blockchain networks. Aave has experienced significant activity in the final quarter of the year, driven by key updates and external - [Solana Investors Lose $500K in X Phishing Attack](https://news.shib.io/2024/12/27/solana-investors-lose-500k-in-devastating-x-phishing-attack/): A threat actor has stolen an estimated $500,000 by targeting Solana meme coin investors and popular X pages. The hack attacked 15 accounts, including those of Brett, Kick Streaming, and Alex Bania, through phishing emails disguised as official communications from the X team. According to a post by blockchain investigator ZachXBT, the attacker tricked users by sending fake copyright infringement notices that created a sense of urgency, prompting victims to visit phishing sites. Once on these fraudulent pages, users were deceived into resetting their passwords and two-factor authentication (2FA) details, allowing the hacker to steal their credentials. Solana Users Targeted - [Vivek Ramaswamy's Strive Makes a Bold Play with Bitcoin Bond ETF Proposal](https://news.shib.io/2024/12/27/vivek-ramaswamys-strive-makes-a-bold-play-with-bitcoin-bond-etf-proposal/): Strive, an asset management company, has sought approval from the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) focused on investing in convertible bonds issued by MicroStrategy and other major corporate Bitcoin holders. Strive, founded in 2022 by Republican politician Vivek Ramaswamy, has quickly positioned itself as a prominent player in the financial sector over the past years.  A December 26 filing revealed that its proposed Bitcoin Bond ETF will operate as an actively managed fund. The ETF aims to gain exposure to “Bitcoin Bonds” through direct investments or via financial instruments like swaps and options, - [Turkey Unveils Strict Crypto Rules for 2025](https://news.shib.io/2024/12/27/turkey-unveils-strict-crypto-rules-for-2025/): Turkey has announced new cryptocurrency regulations aimed at enhancing anti-money laundering (AML) efforts to align with global standards.  This new legislation, set to be enforced by February 2025, is modeled after regulatory efforts in key global markets, especially the European Union’s Markets in Crypto-Assets (MiCA) framework. The new rules mandate that Turkish cryptocurrency service providers gather identifying information from users who conduct transactions exceeding 15,000 Turkish lira (about $425). If providers are unable to gather enough information from the user, they have the option to classify the transaction as “risky” and suspend it if needed. The new laws arrive amid - [Russia Weaponizing Bitcoin? New Law Allows Crypto to Bypass Western Sanctions](https://news.shib.io/2024/12/27/russia-weaponizing-bitcoin-new-law-allows-crypto-to-bypass-western-sanctions/): Russia is seemingly weaponizing Bitcoin. Russian companies, in a move aimed at dodging the tightening grip of Western sanctions, are now using cryptocurrency for international trade. Finance Minister Anton Siluanov confirmed the strategy in a recent television interview, signaling a major escalation in the global financial power struggle. Sanctions Bite, Russia Turns to Crypto Western sanctions have dealt a blow to Russia’s economy. Even transactions with friendly nations like China and Turkey have become a headache.  Banks, wary of running afoul of Western regulators, are increasingly hesitant to process Russia-related transactions, even those not involving US dollars. Siluanov stated that - [Tether EU Time Bomb: Crypto Markets Brace for a Delisting Disaster](https://news.shib.io/2024/12/27/tether-eu-time-bomb-crypto-markets-brace-for-a-delisting-disaster/): Tether (USDT), the world’s largest stablecoin, faces a potential ban in Europe. New Markets in Crypto-Assets (MiCA) regulations are forcing a showdown. The digital asset, a cornerstone of crypto trading, could vanish from European exchanges by December 30, 2024. Markets are on edge, and investors are scrambling for answers. MiCA Regulations Tighten Grip, Tether’s Time Running Out The European Union’s MiCA framework was designed to protect investors and bring order to the Wild West of crypto. But Tether hasn’t played ball, missing key compliance deadlines. Now the clock is ticking.  Financial Analyst and Value Investor Jacob Kinge sounded the alarm: - [The Shib News Recap: Thursday](https://news.shib.io/2024/12/26/the-shib-news-recap-thursday-4/): This Thursday, The Shib Daily brings to light critical crypto news, focusing on escalating legal issues and a concerning rise in scams that could impact the market’s integrity. On a more positive note, analysts recently issued strong buy signals for Shiba Inu, which suggests a favorable trend. Final Decision on Do Kwon’s Extradition Lies with Montenegro’s Justice Minister The future of Do Kwon’s extradition rests with Montenegro’s Justice Minister after a court denied his appeal. This decision was influenced by an earlier ruling from the Supreme Court. Kwon’s legal team tried to contest this ruling, but the Constitutional Court rejected - [Pudgy Penguins Targeted in Google Ads Phishing Scam on Web3 Users](https://news.shib.io/2024/12/26/pudgy-penguins-targeted-in-google-ads-phishing-scam-on-web3-users/): A sophisticated phishing scam targeting Web3 users has emerged, exploiting Google Ads to deceive cryptocurrency enthusiasts. The attack, initially focused on Pudgy Penguins NFT users, reveals vulnerabilities in trusted ad networks and poses a broader threat to the crypto realm. The scam was uncovered by ScamSniffer after a user reported being redirected to a fake Pudgy Penguins website through a Singapore news site. Security researchers traced the issue to malicious advertisements hosted on the Adloox tracking domain, distributed via Google Ads. These ads embedded harmful scripts designed to target Web3 wallet users. 🚨 URGENT SECURITY ALERT 🚨 1/6 A user - [FTX Co-CEO Gets Major Sentence Reduction, BOP Records Show](https://news.shib.io/2024/12/26/ftx-co-ceo-gets-major-sentence-reduction-bop-records-show/): Former FTX Digital Markets Co-CEO Ryan Salame, currently serving a 7.5-year sentence for his involvement in the FTX collapse, is now projected to be released over a year earlier than initially scheduled, according to Federal Bureau of Prisons (BOP) records. Sentence Reduction and Good Conduct Time Salame, who began his sentence at the Federal Correctional Institution (FCI) in Cumberland, Maryland, in October 2023, is now slated for release on March 1, 2031. Salame’s sentence reduction came after he pleaded guilty in 2023 to charges related to the multi-billion-dollar fraud scheme orchestrated by FTX founder Sam Bankman-Fried.  Federal records initially indicated - [French Crypto Scams Surge as Regulators Crack Down on Fraud Networks](https://news.shib.io/2024/12/26/french-crypto-scams-surge-as-regulators-crack-down-on-fraud-networks/): France’s financial watchdog, the Autorité des Marchés Financiers (AMF), is ramping up efforts to combat a surge in financial scams that have defrauded victims of at least €500 million annually (approx. $520 million). In collaboration with the Paris Public Prosecutor’s Office, the Autorité de Contrôle Prudentiel et de Résolution (ACPR), and the Directorate General for Competition, Consumer Affairs, and Fraud Prevention (DGCCRF), the AMF is addressing the growing sophistication of French crypto scams, among others. Financial scams have taken numerous forms, including fake loans, savings accounts, insurance services, and investments in green or crypto assets. The ACPR reported average losses - [Bitget Integrates Wallet and Token to Bolster Ecosystem Expansion](https://news.shib.io/2024/12/26/bitget-integrates-wallet-and-token-to-bolster-ecosystem-expansion/): Bitget has announced the integration of its wallet with the Bitget token (BGB) to enhance user experience and expand applications across centralized and decentralized platforms. The move aligns with the exchange’s strategy to deepen the token’s utility and support the platform’s rapid growth. BGB, the ecological token for Bitget and Bitget Wallet, has seen remarkable market performance lately. Its market capitalization has surpassed $9.32 billion, with the price reaching an all-time high of $6.82. Over the past 24 hours, trading volume surged by 271%, totaling $1.32 billion, signalling strong liquidity and investor confidence. The integration aims to strengthen BGB’s on-chain - [Fate of Do Kwon Hangs in Balance as Court Rejects Appeal](https://news.shib.io/2024/12/26/fate-of-disgraced-crypto-founder-kwon-hangs-in-balance-as-court-rejects-appeal/): In a stunning twist to a saga that has gripped the crypto world, the extradition fate of disgraced Terraform Labs founder Do Kwon, now rests solely in the hands of Montenegro’s Justice Minister, following a high-stakes court rejection. The decision, delivered on Tuesday, thrusted the ultimate authority on whether to send Kwon to the United States or South Korea into the hands of the Balkan nation’s Justice Minister. This recent development added another twist to a legal saga marked by reversals, delays, and political intrigue.  Kwon Legal Labyrinth: From South Korea to the U.S., and Back Again The court’s rejection - [Shiba Inu Flashes Strong Buy Signals, Analyst Predicts Potential 230% Surge to $0.000081](https://news.shib.io/2024/12/26/shiba-inu-flashes-strong-buy-signals-analyst-predicts-potential-230-surge-to-0-000081/): Shiba Inu is capturing significant attention in the cryptocurrency market, with technical indicators and on-chain data suggesting a potential price explosion that could see the meme coin skyrocket by over 230%. This bullish outlook, fueled by a compelling price prediction from a prominent crypto analyst and increased whale activity, has made Shiba Inu price prediction after bullish continuation a dominant topic among investors and traders. Crypto analyst Javon Marks, known as (@JavonTM1 on X), recently ignited excitement within the Shiba Inu community by forecasting a potential surge to $0.000081. Marks, who had a history of analyzing cryptocurrency market trends, based - [SHIB: The Metaverse](https://news.shib.io/2024/12/25/shib-the-metaverse/): Read the latest edition of The Shib Magazine here. - [Justin Sun Clears Rumors About Ethereum Sale, Confirms Continued Support for ETH](https://news.shib.io/2024/12/25/justin-sun-clears-rumors-about-ethereum-sale-confirms-continued-support-for-eth/): Justin Sun, founder of decentralized blockchain platform Tron (TRX), has addressed allegations regarding his sale of Ethereum (ETH), following on-chain data that revealed large deposits to HTX over the past month. Rumors emerged that Sun had sold his Ethereum holdings following significant transfers during a price decline. In response, Sun clarified on X that the transfers were merely wallet-to-wallet movements. Sun transferred 39,999 ETH, valued at approximately $143 million, to HTX shortly after Ethereum’s price fell below $4,000, dropping to $3,127. The speculation that Sun may have sold his ETH holdings raised concerns, as large sales could potentially harm market - [Robinhood Confirms No Bitcoin Investment Plans, Focus on Crypto Instead](https://news.shib.io/2024/12/25/robinhood-confirms-no-bitcoin-investment-plans-focus-on-crypto-instead/): Robinhood CEO Vladimir Tenev has announced that while the firm is increasing its focus on the crypto sector, it has no immediate plans to invest in Bitcoin. In a recent interview with Anthony Pompliano, Tenev explained that although the idea of investing in Bitcoin has come up, the company remains focused on its primary goal: facilitating trading, rather than holding Bitcoin as an investment.  “We wouldn’t rule it out, but we haven’t done it thus far,” Tenev stated. “We’re not in the business of being an investment manager.” Tenev pointed out that Robinhood’s stock price already tracks Bitcoin’s performance closely, - [Cardano Founder Goes Viral For Arguing With AI Bot](https://news.shib.io/2024/12/25/cardano-founder-goes-viral-for-arguing-with-ai-bot/): Charles Hoskinson, founder of the decentralized blockchain platform Cardano, has gotten into an interesting public exchange with an AI bot called “RoastMaster9000” over the platform’s smart contract capabilities.  Hoskinson, known for his outspoken views and distinctive personality, has established himself as a prominent and unconventional figure in the cryptocurrency space. The exchange was sparked by Hoskinson’s comment on X, where he remarked, “Welcome to the new economy,” in response to a post about YouTuber Zara Dar’s decision to leave her PhD program to pursue a career as a full-time OnlyFans content creator. The AI bot responded to Hoskinson’s post with - [Pro-Crypto Senator Bernie Moreno Joins Senate Banking Committee](https://news.shib.io/2024/12/25/pro-crypto-senator-bernie-moreno-joins-senate-banking-committee/): Republican businessman and cryptocurrency advocate Bernie Moreno has secured a spot on the Senate Banking Committee following his victory over incumbent Senator Sherrod Brown in the November elections. In a December 20 press release, Senate Majority Leader-elect John Thune announced that Moreno is set to join several key Senate committees. These are the Senate Banking Committee, the Senate Budget Committee, the Senate Commerce Committee, and the Senate Committee on Homeland Security and Governmental Affairs. As a member of the Senate Banking Committee, Moreno is expected to have a significant influence on shaping US economic policies, particularly those addressing the structure - [MicroStrategy Seeks Shareholder Green Light to Fund $42B Bitcoin Plan](https://news.shib.io/2024/12/25/microstrategy-seeks-shareholder-green-light-to-fund-42b-bitcoin-plan/): Business intelligence and software company MicroStrategy has scheduled a special shareholder meeting to discuss expanding its equity-issuance plan and increasing its Bitcoin holdings. On December 23, MicroStrategy submitted a proxy filing to the U.S. Securities and Exchange Commission (SEC), requesting approval for a shareholder vote on several proposals. The first proposal seeks to increase the authorized Class A common stock from 330 million shares to 10.33 billion shares. The second aims to raise the authorized preferred stock from 5 million shares to more than 1 billion shares. The shareholder meeting will be conducted via a live webcast, accessible exclusively to - [Hyperliquid Labs Denies DPRK Hack Links, But Experts Warn of Potential Vulnerabilities](https://news.shib.io/2024/12/24/hyperliquid-labs-denies-dprk-hack-links-but-experts-warn-of-potential-vulnerabilities/): Tech company Hyperliquid Labs has denied accusations that North Korean hackers compromised its layer-1 protocol, asserting that the claims are unfounded. In a statement shared on the project’s Discord server, Hyperliquid Labs clarified that “no vulnerabilities have been disclosed by any party” and invited white hat hackers to submit bug reports as part of their ongoing bug bounty program. On December 23, a large holder of HYPE tokens sold 1 million units, following rumors that North Korean hackers had been involved in trading on the layer-1 blockchain. MetaMask developer Taylor Manohan suggested that hackers, potentially linked to the infamous Lazarus - [Privacy Tech Patent Battle Heats Up: Kaal Dhairya Supports Rand Hindi as Zama-Sunscreen Legal War Intensifies](https://news.shib.io/2024/12/24/privacy-tech-patent-battle-heats-up-kaal-dhairya-supports-rand-hindi-as-zama-sunscreen-legal-war-intensifies/): Zama CEO Rand Hindi has addressed allegations from Sunscreen, receiving public backing from Shiba Inu leader Kaal Dhairya, who expressed strong support for Hindi and his company. The case between Zama and Sunscreen revolves around a legal dispute regarding the ownership of a key piece of encryption technology called “programmable bootstrapping,” which is part of Fully Homomorphic Encryption (FHE). In a post on X dated December 20, Sunscreen Tech disclosed that it received a legal notice from Zama’s legal team on December 3. The notice accuses Sunscreen of disparagement and patent infringement in France. Sunscreen dismissed the claims as baseless, - [North Korean Hackers Lose $458K on Hyperliquid](https://news.shib.io/2024/12/24/north-korean-hackers-lose-458k-on-hyperliquid/): North Korean hackers have faced setbacks after losing nearly half a million dollars trading on a decentralized exchange in just 48 hours amid crypto market volatility. Blockchain analytics platform LookOnChain recently shared on X that a North Korean group, identified through on-chain data as linked to Lazarus, deposited $476,489 worth of Ethereum (ETH) at a price of $3,791.8. The group was reportedly betting on a price increase but was liquidated when the price fell to $3,251.8, resulting in a loss of $458K. North Korea has long been notorious for its cyber-attacks on cryptocurrency exchanges and decentralized finance (DeFi) platforms, using - [Binance Alpha Tokens Struggle as 40% See Value Drop Post-Launch](https://news.shib.io/2024/12/24/binance-alpha-tokens-struggle-as-40-see-value-drop-post-launch/): Following the launch of the Binance Alpha list to showcase early-stage tokens, more than 40% of the 29 tokens unveiled last week experienced a drop in value, falling short of investor expectations.  Binance Alpha, a new feature integrated into the Binance Wallet, aims to spotlight promising early-stage crypto projects with the potential for future official listings on the Binance exchange. This initiative is designed to give investors access to these emerging tokens and allow them to track and explore opportunities before they potentially hit the main platform. However, its recent performance raised concerns as several tokens from the initial batch - [Crypto Market Turns Bearish as Uncertainty Grows for 2025](https://news.shib.io/2024/12/24/crypto-market-turns-bearish-as-uncertainty-grows-for-2025/): After a strong rally earlier this month, Bitcoin has sharply fallen, triggering a broader market downturn. The altcoin market mirrored this trend, with several major tokens suffering significant losses as investors grapple with this shift. Market intelligence platform Santiment noted in a recent X post that the market sentiment swiftly shifted from bull to bear. While altcoins experienced a notable decline, Bitcoin (BTC) regained attention and saw renewed investor interest. The attraction for meme coins has also waned. This period of increased fear, uncertainty, and doubt (FUD) is a typical phase in market cycles. Experienced investors may view this as - [Hyperliquid Faces Threat as North Korean Hackers Target Platform](https://news.shib.io/2024/12/23/hyperliquid-faces-threat-as-north-korean-hackers-target-platform/): Hyperliquid, the decentralized leveraged trading platform, has come under scrutiny following reports of suspicious trading activity connected to North Korean hackers. Crypto influencer Tayvano posted a warning on X that a spike in transactions from flagged addresses has raised concerns about a possible breach and a more complex hacking operation. Addresses tied to North Korea, suspected of probing the platform for vulnerabilities, have accumulated losses surpassing $700,000 over the past week. While some view the activity as a possible distraction, others believe it could be an indication of a larger, more coordinated hacking operation. Tayvano also pointed out that security - [Venture Capitalist Claims SpaceX Uses Stablecoins to Avoid Foreign Exchange Risks](https://news.shib.io/2024/12/23/venture-capitalist-claims-spacex-uses-stablecoins-to-avoid-foreign-exchange-risks/): In a recent appearance on the All In podcast, Chamath Palihapitiya has disclosed that aerospace manufacturer SpaceX is using stablecoins to handle payments and mitigate foreign exchange risks from its Starlink satellite internet clients. Palihapitiya revealed that SpaceX employs the strategy of collecting payments from Starlink customers in countries with underdeveloped financial infrastructure, commonly referred to as ‘long-tail countries,’ and then converts those payments into stablecoins.  Once stablecoins are transferred to the U.S., they are converted back into U.S. dollars. By converting customer payments into stablecoins, the company mitigates foreign exchange (FX) risks and avoids the complexities associated with traditional - [USACoin Born Out of Peter Schiff’s Sarcasm - Reports](https://news.shib.io/2024/12/23/usacoin-born-out-of-peter-schiffs-sarcasm-reports/): Economist and outspoken Bitcoin critic Peter Schiff’s sarcastic comments have unexpectedly led to the creation of a new cryptocurrency called USAcoin (USACOIN), which quickly amassed a multimillion-dollar market capitalization.  Its birth is said to have been sparked by Schiff’s suggestion that the U.S. government explore establishing a strategic “USAcoin reserve” as an alternative to a Bitcoin reserve. “Just like Bitcoin, the supply can be capped at 21 million, but with an upgraded blockchain to make USAcoin actually viable for use in payments,” Schiff wrote. As of this writing, USAcoin boasts a market capitalization of $3.34 million, with a reported trading - [MicroStrategy Board Adds Ex Binance.US CEO Brian Brooks](https://news.shib.io/2024/12/23/microstrategy-board-adds-ex-binance-us-ceo-brian-brooks/): Business intelligence firm MicroStrategy has appointed former Binance.US CEO Brian Brooks, along with executives Jane Dietze and Gregg Winiarski, to its board of directors. The appointments were disclosed on December 20 in a filing with the U.S. Securities and Exchange Commission (SEC), following the company’s inclusion in the Nasdaq 100. Brooks and Dietze, who also serve on the board of Galaxy Digital, along with Winiarski, the Chief Legal Officer at Fanatics Holdings, have expanded MicroStrategy’s board to nine members. The filing also notes that they will be eligible to receive equity awards. Brooks stepped down as CEO of Binance.US in - [Ex-College Football Player Bo Hines to Lead Trump's Crypto Council](https://news.shib.io/2024/12/23/ex-college-football-player-bo-hines-to-lead-trumps-crypto-council/): President-elect Donald Trump has tapped former college football player Bo Hines to lead his newly formed “Crypto Council” as executive director.  On December 22, President-elect Donald Trump announced Hines’ nomination in a post on his Truth Social platform. Trump revealed that Hines would collaborate with David Sacks, his appointed Crypto Czar, to promote the growth of the digital asset industry through a new advisory group. “Together, they will work to ensure this sector remains a key driver of our nation’s technological advancement,” Trump wrote. In 2022, Bo Hines campaigned as the Republican candidate for North Carolina’s U.S. House seat but - [Hex Founder Richard Heart Faces International Hunt After Interpol Red Notice](https://news.shib.io/2024/12/22/hex-founder-richard-heart-faces-international-hunt-after-interpol-red-notice/): Richard Schueler, known in the cryptocurrency world as Richard Heart, has moved from boasting about bold crypto ventures to being the subject of international legal scrutiny. The name Richard Heart, has long been synonymous with bold claims and ambitious projects. As the founder of the Hex cryptocurrency, PulseChain, and PulseX, Heart carved out a niche in the volatile world of digital currencies. But now, that same notoriety is drawing international attention for less flattering reasons. On December 18, 2024, Interpol issued a Red Notice for Schueler, following a request from Finnish authorities who are investigating the 44-year-old entrepreneur on charges - [Shifu Takes the Leap, Embraces Shibarium and ShibaSwap](https://news.shib.io/2024/12/22/shifu-takes-the-leap-newly-launched-token-embraces-shibarium-and-shibaswap/): A collaborative creation from Shiba Inu and Imaginary Ones, the Shifu ($SHIFU) token, takes a significant step forward this week, integrating with both the Shibarium blockchain and the ShibaSwap decentralized exchange, unlocking new potential for the growing community. Market Implications for Shifu and Shiba Inu Industry watchers view this integration as a bullish development for both Shifu and the broader Shiba Inu ecosystem. For Shifu, the move is likely to: Drive Demand: Increased accessibility and utility on Shibarium and ShibaSwap are projected to boost demand for the $SHIFU token. Unlock New Use Cases: Integration with Shibarium opens doors for $SHIFU - [Shiba Eternity & Agent Shiboshi Unleash $BONE-anza! 750 Tokens Up For Grabs in Epic Weekend Tournament!](https://news.shib.io/2024/12/22/shiba-eternity-agent-shiboshi-unleash-bone-anza-750-tokens-up-for-grabs-in-epic-weekend-tournament/): The battle horns are blaring. Shiba Eternity and Agent Shiboshi are unleashing a double dose of fury this weekend, with a whopping 750 $BONE tokens up for grabs in a tournament that promises to be nothing short of epic. Two Tournaments, One Epic Weekend of Pure Action That’s right, folks, you’re not seeing double (unless you’ve been staring at the screen for too long, in which case, maybe take a break?). This weekend, it’s not just one, but two epic tournaments: the Shiba Eternity web3 throwdown and the special Agent Shiboshi event. This is your chance to prove your card-slinging - [The Shib Magazine New Website Launches with $BONE Giveaway: 10 Crypto Holders Win Big!](https://news.shib.io/2024/12/22/the-shib-magazine-new-website-launches-with-bone-giveaway-10-crypto-holders-win-big/): The Shib Magazine has announced the 10 lucky winners of its 2,000 $BONE token giveaway, celebrating the launch of its revamped website packed with new features like interactive flipbooks, downloadable PDFs, and anti-fraud technology. The Shib Winners Are In! 10 Lucky Shib Army Score 200 $BONE Each The wait is over, Shib Army! After launching a 2,000 $BONE token giveaway on December 12 to celebrate its newly revamped website, The Shib Magazine revealed the 10 lucky winners.  The announcement, made on X (formerly Twitter), generated massive excitement within the community: “Win your share of 2000 $BONE in celebration of our - [Bad Idea AI Expands Web3 Utility with $BAD Token Listing on Crypto.com On-Chain Wallet](https://news.shib.io/2024/12/21/bad-idea-ai-expands-web3-utility-with-bad-token-listing-on-crypto-com-on-chain-wallet/): Signaling a significant expansion of its Web3 utility, Bad Idea AI’s $BAD token is now listed on the popular Crypto.com On-Chain Wallet, granting users simplified access to a range of decentralized finance services and applications. Simplified $BAD Management for a Growing Community The recent listing of the $BAD token on Crypto.com’s On-Chain Wallet brings a new level of convenience to Bad Idea AI community members. Previously, managing and utilizing $BAD may have required navigating multiple platforms.  🔥 New Listings in the Onchain Wallet 🔥$PEPU, $BAD, $0X0, $USUAL Listed on ETH ERC-20 Explore the Onchain Wallet 👉 https://t.co/WYezL4lLPF pic.twitter.com/SIKUUJuxPv — Crypto.com - [Shiba Inu Whale Turns $3,800 Investment into $6 Million](https://news.shib.io/2024/12/20/shiba-inu-whale-turns-3800-investment-into-6-million/): A large-scale investor, often referred to as a “whale,” has recently sold 250 billion Shiba Inu (SHIB) tokens, totaling a significant $6.05 million. According to a December 18 post on X by blockchain analytics platform Lookonchain, the whale made a significant purchase of 15.28 trillion SHIB tokens on August 6, 2020. At the time, the Shiba Inu whale invested just $3,800 to acquire the massive amount of SHIB. This investment has since proven to be incredibly lucrative, as the price of SHIB has experienced dramatic growth, boosting the value of the whale’s holdings. The whale’s early acquisition of such a - [SEC Approves Bitcoin and Ether ETFs from Hashdex and Franklin Templeton](https://news.shib.io/2024/12/20/sec-approves-bitcoin-and-ether-etfs-from-hashdex-and-franklin-templeton/): The U.S. Securities and Exchange Commission (SEC) has approved Bitcoin and Ethereum index exchange-traded funds (ETFs) from Hashdex and Franklin Templeton. After several months of review, the SEC has approved the first spot ETFs that combine Bitcoin and Ethereum. On December 19, Hashdex’s Nasdaq Crypto Index US ETF received approval to trade on the Nasdaq Stock Market, while the Franklin Crypto Index ETF was cleared for the Cboe BZX Exchange. Both ETFs will hold spot Bitcoin and Ether. The Franklin Crypto Index ETF will follow the Institutional Digital Asset Index, a benchmark that tracks the performance of digital assets like - [US Leaders Split on Bitcoin: Fed Rejects Reserves, Lummis Calls for Strategy](https://news.shib.io/2024/12/20/us-leaders-split-on-bitcoin-fed-rejects-reserves-lummis-calls-for-strategy/): Federal Reserve Chair Jerome Powell has reaffirmed that the central bank cannot own Bitcoin. However, Senator Cynthia Lummis proposes a plan to enable the Federal Reserve to hold the cryptocurrency. During a press briefing following the year’s final Federal Open Market Committee (FOMC) meeting, Powell reiterated that the central bank is neither authorized nor inclined to hold Bitcoin as part of its reserves. He also emphasized that the Federal Reserve has no plans to advocate for legislative changes to permit such actions. With President-elect Donald Trump set to take office, interest in cryptocurrencies is on the rise. However, Powell’s statements - [Craig Wright Penalized for False Satoshi Claims and Contempt of Court in UK Ruling](https://news.shib.io/2024/12/20/craig-wright-penalized-for-false-satoshi-claims-and-contempt-of-court-in-uk-ruling/): Australian computer scientist Craig Wright, who falsely claimed to be Bitcoin’s creator, has been sentenced to one year in prison for contempt of court. In March, a UK court determined that Wright was not Satoshi Nakamoto, the creator of Bitcoin. Despite this ruling, he continued to pursue lawsuits claiming intellectual property rights.  On December 19, Judge James Mellor sentenced Wright to 12 months in prison, which is suspended for two years. Wright was also fined £145,000 (approximately $180,000) for five counts of contempt of court. Prior to Wright’s sentencing, Justice Mellor determined that Wright had repeatedly falsified claims about being - [Influencer-Backed HAWK Token Faces Lawsuit Following Rug Pull Accusations](https://news.shib.io/2024/12/20/influencer-backed-hawk-token-faces-lawsuit-following-rug-pull-accusations/): Investors have filed a federal lawsuit against the creators of the HAWK meme coin, which was heavily promoted by influencer Hailey Welch before its value dropped significantly just hours after launching. The meme coin saw its value plummet by over 95% within just 24 hours of its release on December 4. Following HAWK’s sharp decline, legal firm Burwick Law urged buyers affected by the drop to come forward for a potential lawsuit.  On December 19, the firm filed a lawsuit on behalf of 12 plaintiffs from the United States, who alleged that they suffered damages exceeding $151,000. The court filing - [The Shib News Recap: Thursday](https://news.shib.io/2024/12/19/the-shib-news-recap-thursday-3/): This Thursday, The Shib Daily reported on significant developments in the crypto sector, including critical regulatory developments, ETF predictions, and leadership shifts within key institutions impacting the industry. Retail Clients Misclassified? ASIC Takes Legal Action Against Binance The Australian Securities and Investments Commission (ASIC) is suing Binance Australia Derivatives for allegedly failing to protect consumers. The regulator claims Binance wrongly classified 505 retail investors as wholesale clients from July 2022 to April 2023. The exchange offered derivatives like futures contracts for Bitcoin, Ether, and BNB. ASIC Deputy Chair Sarah Court noted that many clients experienced substantial losses, leading to approximately - [Shiba Inu Implements New Token Burning Mechanism Within Shibarium Expansion](https://news.shib.io/2024/12/19/shiba-inu-implements-new-token-burning-mechanism-within-shibarium-expansion/): Amid a backdrop of industry skepticism and criticism, Shiba Inu has delivered on its promise to the community, implementing a novel, community-driven token burning mechanism as part of Shibarium’s multi-chain expansion, demonstrating a commitment to building and finding solutions rather than engaging with detractors.  Shiba Inu, in a strategic move to enhance tokenomics, integrated a novel, community-driven token burning mechanism as part of Shibarium’s multi-chain expansion, aiming to reduce the circulating supply of SHIB and potentially increase its value. This latest development, marks a pivotal shift in how token burns are executed, highlighting the team’s dedication to creating a robust - [Shibarium Links Worlds](https://news.shib.io/2024/12/19/shibarium-links-worlds/): Read the latest edition of The Shib Magazine here. - [Bitcoin and Ethereum Combo ETF to Lead Wave of Crypto Funds in 2025](https://news.shib.io/2024/12/19/bitcoin-and-ethereum-combo-etf-to-lead-wave-of-crypto-funds-in-2025/): Bloomberg ETF analyst Eric Balchunas has predicted that Bitcoin and Ethereum exchange-traded funds (ETFs) will be the first of U.S. crypto funds launching in 2025, with others to follow. On December 17, Balchunas posted an analysis X from fellow ETF analyst James Seyffart. “We expect a wave of cryptocurrency ETFs next year, albeit not all at once,” Balchunas wrote. Balchunas and Seyffart anticipate that ETFs tracking Litecoin (LTC) or Hedera (HBAR) could follow the Bitcoin and Ether fund. Seyffart also pointed out that the U.S. Securities and Exchange Commission (SEC) previously rejected several Solana ETFs. He also suggested that ETFs - [Saylor and Lummis Place High Hopes on US Crypto Czar for Digital Asset Progress](https://news.shib.io/2024/12/19/saylor-and-lummis-place-high-hopes-on-us-crypto-czar-for-digital-asset-progress/): Michael Saylor, the co-founder of MicroStrategy, has voiced strong support for former Paypal Chief Operating Officer (COO) David Sacks as the U.S. Crypto Czar, expressing confidence in his potential to lead the country toward becoming a global cryptocurrency powerhouse. Saylor shared a post on X from Senator Cynthia Lummis, who praised David Sacks’ appointment. His post garnered significant support from X users, many of whom expressed similar enthusiasm for Sacks’ new role. Lummis said that with Sacks as Crypto Czar, the incoming administration is positioned to be the most supportive of digital assets in history. “2025 will be the year - [MicroStrategy to Pause Bitcoin Buying in January?](https://news.shib.io/2024/12/19/microstrategy-to-pause-bitcoin-buying-in-january/): Rumors have emerged suggesting that MicroStrategy may pause its typical Bitcoin funding strategy in January, potentially halting the sale of shares “at the market” (ATM) or the issuance of new convertible debt. The claim originated from Vance Spencer, co-founder of venture capital firm Framework Ventures, who posted on X stating: “Saylor has a blackout period all of Jan – cannot issue any new converts to buy BTC.” If the rumor proves true, it could disappoint many MicroStrategy investors who have come to anticipate Saylor’s consistent Bitcoin purchases. While the company’s aggressive Bitcoin acquisition strategy has become a hallmark, January may - [Binance Faces Australian Lawsuit Over Mislabeling Retail Clients and Risky Investments](https://news.shib.io/2024/12/19/binance-faces-australian-lawsuit-over-mislabeling-retail-clients-and-risky-investments/): The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against Binance Australia Derivatives, accusing the crypto trading platform of failing to uphold consumer protections. In a media release issued on December 18, the regulator alleged that Binance provided crypto derivative products to 505 retail investors in Australia between July 2022 and April 2023, wrongly classifying them as wholesale clients. The lawsuit claims that, as a result of the misclassification, Binance’s retail customers were denied the consumer protections typically provided to smaller investors, such as access to  Product Disclosure Statements (PDS), a Target Market Determination (TMD), and internal dispute - [Peter Schiff Slams Michael Saylor's Bitcoin Strategy](https://news.shib.io/2024/12/19/peter-schiff-slams-michael-saylors-bitcoin-strategy/): Financial commentator Peter Schiff has slammed MicroStrategy co-founder Michael Saylor’s comparison of the company’s debt-fueled Bitcoin purchasing strategy to investing in Manhattan real estate. In a post on X, Schiff, known for his staunch opposition to Bitcoin (BTC), argued that Saylor’s analogy was flawed. “Real estate generates rents, which can be used to service and repay debt. Bitcoin doesn’t generate any income to make interest or principal payments,” Schiff stated. Spencer Hakimian, founder of Tolou Capital Management, responded to Schiff’s critique, offering a different perspective. Hakimian argued that, unlike Manhattan real estate, Bitcoin does not incur expenses or require maintenance, - [Trump Meets with Crypto.com CEO to Discuss Policies and Appointments](https://news.shib.io/2024/12/18/trump-meets-with-crypto-com-ceo-to-discuss-policies-and-appointments/): U.S. President-elect Donald Trump has recently met with Crypto.com CEO Kris Marszalek to discuss potential policies impacting the cryptocurrency industry and lay the groundwork for an executive order related to a Bitcoin reserve. In a post on X on December 16, Marszalek said that he had traveled to Trump’s Mar-a-Lago residence for a meeting. During their discussion, Marszalek and Trump reportedly covered plans for a national Bitcoin reserve and potential appointments within the new administration related to the crypto sector. On the same day, Crypto.com decided to voluntarily dismiss its lawsuit against the U.S. Securities and Exchange Commission (SEC) and - [US Treasury Targets North Korea Crypto Money Laundering Operation](https://news.shib.io/2024/12/18/us-treasury-targets-north-korea-crypto-money-laundering-operation/): The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on two individuals and a company accused of laundering millions of dollars in illicit funds for operatives in North Korea. On Tuesday, the U.S. Treasury Department revealed that it had dismantled a North Korean money laundering network. Although the exact amount of laundered funds remains undisclosed, the operation was primarily aimed at financing North Korea’s weapons of mass destruction (WMD) and ballistic missile development programs. The network included Green Alpine Trading, LLC, a front company based in the United Arab Emirates (UAE), along with Chinese - [Elon Musk Says 'LMAO' to Senator Warren's Conflict-of-Interest Comment](https://news.shib.io/2024/12/18/elon-musk-says-lmao-to-senator-warrens-conflict-of-interest-comment/): Elon Musk has addressed Senator Elizabeth Warren’s concerns regarding potential conflicts of interest following his appointment as co-leader of the newly established Department of Government Efficiency (DOGE). In a post on his platform X, the CEO of Tesla and SpaceX claimed that Senator Warren’s scrutiny was influenced by the parents of Sam Bankman-Fried (SBF), suggesting that her criticisms were being written by them.  Musk’s use of the nickname “Pocahontas” for Warren mirrors a term that was reportedly used by former President Trump’s team, as previously noted by Business Insider. The business magnate has developed a strong connection with President-elect Donald - [Coinbase Rejects $1B Lawsuit Over wBTC Delisting, Says Risk Tied to Justin Sun](https://news.shib.io/2024/12/18/coinbase-rejects-1b-lawsuit-over-wbtc-delisting-says-risk-tied-to-justin-sun/): Coinbase, the cryptocurrency exchange platform, has rejected a lawsuit filed by Bit Global, the firm linked to TRON Founder Justin Sun, after the crypto exchange moved to delist wrapped Bitcoin (wBTC) from its platform. BiT Global filed a lawsuit against Coinbase on December 13, alleging that the cryptocurrency exchange’s decision to delist wBTC was unlawful. The lawsuit argued that the removal of wBTC would cause significant damage to the token’s economic stability and claimed the decision was unwarranted, especially since Coinbase continues to list less serious assets like meme coins. The lawsuit further alleged that the introduction of cbBTC violated - [US Senate Calls Off Caroline Crenshaw Renomination as SEC Commissioner](https://news.shib.io/2024/12/18/us-senate-calls-off-caroline-crenshaw-renomination-as-sec-commissioner/): The U.S. Senate Banking Committee has called off the renomination hearing for U.S. Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw, possibly marking the end of her tenure at the agency. Fox Business journalist Eleanor Terrett reported that a Senate aide confirmed the cancellation. The decision comes amid rising opposition from both the crypto industry and policymakers. Crenshaw’s critics have expressed concern over Democratic senators attempting to fast-track her hearing without sufficient scrutiny.  Crenshaw became a highly controversial figure in the cryptocurrency sector because of her firm stance on regulation. She is particularly known for her opposition to the approval - [The Shib News Recap: Tuesday](https://news.shib.io/2024/12/17/the-shib-news-recap-tuesday-2/): It may only be Tuesday, but today’s recap is packed with explosive Web3 news you wouldn’t want to miss. Highlighted in today’s headlines are Shytoshi Kusama’s recent remarks on a new use case for the upcoming TREAT token in a collaboration with an innovative project, the latest names on the SEC’s Wells notice list, and Grayscale’s alarming $21 billion outflows. Shytoshi Kusama Reveals New Horizons for TREAT Shiba Inu lead visionary Shytoshi Kusama has revealed a crucial use case for the TREAT token in partnership with Oogwai, focusing on fully homomorphic encryption (FHE) and longevity research. This collaboration aims to - [Shifu’s Path With Shib](https://news.shib.io/2024/12/17/shifus-path-with-shib/): Read the latest edition of The Shib magazine here. - [Grayscale Struggles Amid $21 Billion Outflows; Investor Confidence Wanes](https://news.shib.io/2024/12/17/grayscale-struggles-amid-21-billion-outflows-investor-confidence-wanes/): Grayscale Bitcoin Trust (GBTC) has experienced $21 billion in outflows since its January 2024 launch, becoming the only U.S. spot Bitcoin exchange-traded fund (ETF) with a negative investment movement. Data from Farside reveals that the GBTC experienced daily outflows averaging $89.9 million over the past 11 months. As of December 16, the GBTC has seen a total of $21.045 billion in outflows, with the trust continuing to lose millions of dollars in investments each day. While the 10 spot Bitcoin ETFs in the U.S. have maintained positive balance sheets, GBTC’s outflows have overshadowed the investments brought in by the Fidelity - [Crypto Romance Scam: Nigeria Arrests 800 in Massive Raid](https://news.shib.io/2024/12/17/crypto-romance-scam-nigeria-arrests-800-in-massive-raid/): Nigeria’s Economic and Financial Crimes Commission (EFCC) has arrested 792 people in a raid on a building in Lagos, believed to be a major hub for a widespread crypto romance scam operation. The arrests occurred on December 10, with the suspects including 148 Chinese nationals and 40 Filipino nationals. A spokesperson for the EFCC shared this information with Reuters on December 16. “Nigerian accomplices were recruited by the foreign kingpins to prospect for victims online through phishing, targeting mostly Americans, Canadians, Mexicans, and several others from European countries,” the EFCC spokesperson said. The spokesperson also explained that after the Nigerian - [CyberKongz NFT Collection Faces SEC Action Over Alleged Violations](https://news.shib.io/2024/12/17/cyberkongz-nft-collection-faces-sec-action-over-alleged-violations/): CyberKongz, a prominent non-fungible token (NFT) collection, has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) indicating the regulator’s intent to pursue charges against the project. In a post on X, CyberKongz revealed that the SEC’s Wells Notice raised concerns about its ERC-20 token. The regulator claimed it could not operate the ERC-20 token in conjunction with a blockchain-based game without registering it as a security. The project argued that the SEC’s stance demonstrates a lack of understanding of blockchain technology and could set a concerning precedent for the broader Web3 gaming industry. “We are extremely - [SEC Targets Unicoin with Fraud Allegations as Gensler’s Crypto Crackdown Continues](https://news.shib.io/2024/12/17/sec-targets-unicoin-with-fraud-allegations-as-genslers-crypto-crackdown-continues/): The U.S. Securities and Exchange Commission (SEC) has issued a Wells Notice to Unicoin, a U.S.-based cryptocurrency investment firm, signaling potential enforcement action. According to Fortune, the Wells Notice indicated that the commission intends to charge Unicoin with fraud, deceptive practices, and the sale of unregistered securities. It does not specify the exact issues involved. A Wells Notice is a formal letter from the SEC informing an individual or company that the agency intends to file a lawsuit against them. In an interview, Unicoin CEO Alex Konanykhin revealed that the SEC had issued subpoenas to the company in May. The - [FTX Users to Receive First Refunds in Early 2025, Kraken and BitGo Helping](https://news.shib.io/2024/12/17/ftx-users-to-receive-first-refunds-in-early-2025-kraken-and-bitgo-helping/): Cryptocurrency exchange FTX has set an initial date for payment distribution to claimants, more than two years after the company filed for bankruptcy. In a press release, FTX and its affiliated debtors announced that claimants can expect the initial distribution of funds to begin within 60 days of the effective date. The debtors set January 3, 2025 as the official start date for the distribution, following the court’s approval of their Chapter 11 Plan of Reorganization. Debtors announced that cryptocurrency custody and security firm BitGo, along with crypto exchange Kraken, will assist in distributing recovery payments to FTX users. The - [Shytoshi Kusama Unveils TREAT First Use Case, Signaling Expansion of Shiba Inu Ecosystem](https://news.shib.io/2024/12/17/shytoshi-kusama-unveils-treat-first-use-case-signaling-expansion-of-shiba-inu-ecosystem/): Shiba Inu’s visionary Shytoshi Kusama just dropped a bombshell: the TREAT token’s first real-world use case will be in a groundbreaking partnership focused on fully homomorphic encryption (FHE) and longevity research. This is a bold step toward redefining utility and marking a significant expansion of the Shiba Inu ecosystem’s real-world impact. A Breakthrough Collaboration with Oogwai Kusama revealed TREAT token use case in collaboration with Oogwai, a project focused on longevity research, which tapped Shiba Inu’s Fully Homomorphic Encryption (FHE). The announcement, shared on X (formerly Twitter), highlighted a pivotal moment for the Shiba Inu ecosystem—expansion beyond its meme-coin origins - [The Shib News Recap: Monday](https://news.shib.io/2024/12/16/the-shib-news-recap-monday-2/): Today’s crypto news cycle is filled with critical regulatory updates, the implications of such for the crypto ecosystem, and Michael Saylor’s reaction to an anti-crypto rhetoric. Crypto Regulation News The Financial Accounting Standards Board (FASB) has launched new Fair Value accounting rules for Bitcoin and similar cryptocurrencies. Companies will now need to report their crypto assets at fair value in their financial statements. This adjustment aims to provide a clearer view of profits and losses due to the volatility of cryptocurrency prices. However, the rules exclude certain digital assets like NFTs and wrapped tokens. In other regulatory news, the Australian - [A New Look For A New Era](https://news.shib.io/2024/12/16/a-new-look-for-a-new-era/): Read the latest edition of The Shib magazine here. - [Vanguard Hammers Down on Anti-Bitcoin Stance, Michael Saylor Reacts](https://news.shib.io/2024/12/16/vanguard-hammers-down-on-anti-bitcoin-stance-michael-saylor-reacts/): Vanguard, one of the largest investment firms globally, has maintained its stance against Bitcoin and the broader cryptocurrency market, dismissing the merits of these digital assets as speculative and lacking tangible value. Despite increasing interest from various companies in Bitcoin and the like, Vanguard reaffirmed its skepticism regarding Bitcoin’s long-term value. The investment giant recently said that Bitcoin “has no role in long-term investment portfolios,” citing concerns over its speculative nature.  According to AFR, Duncan Burns, the Principal and CIO of Vanguard Asia-Pacific, stated that the investment community has yet to establish Bitcoin’s superiority within the market. He described the - [Peanut the Squirrel Owner Files Cease and Desist vs Binance Over IP Violation](https://news.shib.io/2024/12/16/peanut-the-squirrel-owner-files-cease-and-desist-vs-binance-over-ip-violation/): Mark Longo, the owner of viral internet sensation Peanut the Squirrel, has taken action against Binance, one of the world’s largest cryptocurrency exchanges, accusing it of intellectual property infringement. In a recent post on X, Longo announced that his legal team had issued a cease-and-desist letter to Binance, accusing it of using the “PNUT” trademark and a well-known image of Peanut on its platform without obtaining proper authorization. Longo has accused Binance of infringing on his intellectual property, stating that the designs in question are integral elements of his brand rather than simple graphics. He further alleged that Binance’s unauthorized - [World Liberty Financial Crypto Buying Spree Hits Nearly $45M](https://news.shib.io/2024/12/16/world-liberty-financial-crypto-buying-spree-hits-nearly-45m/): World Liberty Financial, the cryptocurrency initiative backed by President-elect Donald Trump, has continued its aggressive crypto buying spree with a recent purchase of $250,000 worth of ONDO. According to data from Arkham Intelligence, the decentralized finance (DeFi) project acquired 134,216 Ondo Finance (ONDO) tokens through Cow Protocol at an average price of $1.83. Blockchain monitoring platform Lookonchain reported that since November 30, a wallet tied to World Liberty Financial has made significant acquisitions, including $30 million in Ether and $10 million in Coinbase Wrapped BTC. These purchases are part of a broader buying spree, as detailed in a December 16 - [Kraken's Bit Trade Fined $5.1M AUD for Regulatory Violations](https://news.shib.io/2024/12/16/krakens-bit-trade-fined-5-1m-aud-for-regulatory-violations/): Bit Trade, the Australian subsidiary of Kraken, has been fined $5.1 million AUD (approx. $3.2 million USD) by the Australian Federal Court for offering a margin lending product to customers without regulatory approval. According to a media release from the Australian Securities and Investments Commission (ASIC), Bit Trade Pty Ltd has been offering a “margin extension” product to its Australian customers since October 2021. However, the product was provided without the necessary target market determination (TMD), which is required by Australian financial regulations. The margin extension product offered by Bit Trade allowed customers to borrow funds and repay them using - [FASB Mandates Fair Value Accounting for Bitcoin, Cryptocurrencies](https://news.shib.io/2024/12/16/fasb-mandates-fair-value-accounting-for-bitcoin-cryptocurrencies/): The Financial Accounting Standards Board (FASB) has officially implemented its new Fair Value accounting rules for Bitcoin and other eligible cryptocurrencies. The FASB rules will require companies to assess and report their crypto assets, including Bitcoin, at fair value in their financial statements. These updates, which took effect on December 15, mandated that businesses adjust the value of their digital assets during each reporting period to reflect the current market prices.  This change aims to provide a more accurate picture of profits and losses, helping companies stay aligned with the frequent price fluctuations of cryptocurrencies. The new amendments will also - [How to Win Shifu Tokens with Airdrop Points Bonanza: The Final Countdown](https://news.shib.io/2024/12/13/how-to-win-shifu-tokens-with-airdrop-points-bonanza-the-final-countdown/): The clock is ticking, the stakes are climbing, and the Airdrop Points Bonanza just got serious. With only three days left in the tournament and thousands of points still up for grabs, this is your final opportunity to get your hands on a million Shifu tokens.  But here’s the deal: you’ve got to earn at least 1 leaderboard point through gameplay to qualify. Sounds straightforward, right? Well, let’s break it down step by step because the last thing you want is to miss this chance by fumbling the basics. How to Qualify for Shifu Token Airdrop Rewards Alright, here’s how - [Crypto's Future Bright, Says Kraken: 73% of US Holders to Invest in 2025](https://news.shib.io/2024/12/13/cryptos-future-bright-says-kraken-73-of-us-holders-to-invest-in-2025/): A recent survey by cryptocurrency exchange Kraken has revealed that 73% of U.S. crypto holders plan to continue investing in 2025, while 55% believe cryptocurrency has real-world uses. The survey, which covered 2,437 Americans, found that 36% of U.S. crypto holders believe cryptocurrencies offer greater growth potential compared to traditional investments such as stocks (34%), bonds (13%), and real estate (17%). However, the survey results showed that when it came to crypto investments, the type of coin significantly influenced investors’ preferences. A clear majority, 70%, favored established cryptocurrencies like Bitcoin. In contrast, only 12% of participants were inclined toward meme - [Byte Federal Bitcoin ATM Suffers Data Breach, 58,000 Users Affected](https://news.shib.io/2024/12/13/byte-federal-bitcoin-atm-suffers-data-breach-58000-users-affected/): Byte Federal, the Bitcoin ATM operator, has confirmed a data breach that exposed the personal and transactional data of its customers due to third-party software vulnerabilities. In a report submitted to the Maine Attorney General, the Florida-based ATM service provider said that it discovered the data breach on November 18. However, the attack had actually occurred 49 days earlier, on September 30. The report revealed that the hack compromised the personal information of 58,000 customers, including 111 from Maine. Exposed data included names, addresses, phone numbers, government-issued IDs, Social Security numbers, customer account details, transaction history, and user photos. Investigators - [Hacker Exploits Dogecoin Flaw, Crashes 69% of Network Nodes](https://news.shib.io/2024/12/13/hacker-exploits-dogecoin-flaw-crashes-69-of-network-nodes/): Andreas Kohl, the co-founder of Bitcoin sidechain Sequentia, has reportedly exploited a major vulnerability in the Dogecoin network, causing 69% of its nodes to crash using an old laptop. On December 12, Kohl took to X to reveal that he had exploited the vulnerability discovered by researcher Tobias Ruck to crash the nodes.  “Let the records show that on this day 69% of the Dogecoin network was taken down by a single ThinkPad in rural El Salvador,” Kohl wrote in a separate post on X.  Data from Blockchair shows that before the vulnerability was exploited, Dogecoin had 647 active nodes. - [BlackRock: Bitcoin Risk Comparable to Tech Stocks, 1-2% Allocation Ideal](https://news.shib.io/2024/12/13/blackrock-bitcoin-risk-comparable-to-tech-stocks-1-2-allocation-ideal/): BlackRock Investment Institute, the global investment management firm, has recommended that a 1-2% allocation to Bitcoin is “reasonable” for investors while warning that higher allocations could significantly increase the risk within a portfolio. In a report released on December 12, titled “Sizing Bitcoin in Portfolios,” the firm stated that this percentage carries “on average, about the same share of overall portfolio risk” as a typical investment in the “Magnificent 7” mega-cap tech stocks, within a portfolio made up of 60% stocks and 40% fixed income assets. The “Magnificent 7” refers to the seven major tech companies: Amazon, Apple, Microsoft, Alphabet - [SEC Chair Gensler Threatens Elon Musk with Charges Unless Settlement is Reached in 48 Hours](https://news.shib.io/2024/12/13/sec-chair-gensler-threatens-elon-musk-with-charges-unless-settlement-is-reached-in-48-hours/): U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has given Elon Musk a 48-hour ultimatum to accept a settlement or face multiple charges.  Reports indicate that Elon Musk’s attorney, Alex Spiro, has sent a letter to the SEC in response to the agency’s settlement demand. The letter, however, provided little clarity on the specifics of the charges or the number of Musk’s companies that might be implicated. However, in his letter, Spiro confirmed that the SEC had reopened its investigation into Elon Musk’s neurotechnology company, Neuralink, this week. Spiro also revealed that he had been subpoenaed by the SEC - [The Shib News Recap: Thursday](https://news.shib.io/2024/12/12/the-shib-news-recap-thursday-2/): The top headlines this Thursday from The Shib Daily are marked by increasing regulatory scrutiny in financial markets and the growing adoption of stablecoins. Furthermore, financial actions by politically connected figures also spark intrigue—but not as much as the newest controversy surrounding AI, which you’ll find out more about below. SEC Commissioner Crenshaw’s Renomination Vote Stalled The vote to renominate SEC Commissioner Caroline Crenshaw has been delayed because of a procedural conflict. The change in schedule overlaps with a Senate rule. Senator Brown is tasked with rescheduling the vote, but a timeline is yet to be announced. Crenshaw, facing controversy - [Shib Transcends Time](https://news.shib.io/2024/12/12/shib-transcends-time/): Read the latest edition of The Shib magazine here. - [Trump-Backed World Liberty Financial Acquires $12M in ETH, LINK, AAVE](https://news.shib.io/2024/12/12/trump-backed-world-liberty-financial-acquires-12m-in-eth-link-aave/): World Liberty Financial (WLFI), the decentralized finance initiative backed by President-elect Donald Trump, has acquired significant amounts of Ethereum (ETH), Chainlink (LINK), and Aave (AAVE) using USD Coin (USDC). Ethereum’s price surged 6.86% within 24 hours of the purchase. On December 12, WLFI processed $12 million in cryptocurrency transactions through its multi-signature wallet, according to blockchain data from Etherscan. The purchases included 2,631 ETH tokens at an average price of $3,801 each, amounting to $10 million. This acquisition significantly boosted WLFI’s Ethereum holdings to over 14,500 ETH, with a total value exceeding $56 million. The project’s cryptocurrency portfolio showcases a - [a16z Chief Brian Quintenz Possible Trump Pick for CFTC Chair](https://news.shib.io/2024/12/12/a16z-chief-brian-quintenz-possible-trump-pick-for-cftc-chair/): Brian Quintenz, the current Chief of Policy at a16z, has reportedly emerged as the top contender to lead the Commodity Futures Trading Commission (CFTC) under President-elect Donald Trump’s administration. According to a Bloomberg report, anonymous sources familiar with the matter stated that Trump’s transition team has interviewed Quintenz for the position of CFTC chair.  Quintenz’s extensive expertise in cryptocurrency policy, combined with his tenure as a CFTC Commissioner under both the Obama and Trump administrations, further supports his candidacy. During his time at the CFTC, the crypto advisor played a key role in the launch of the first fully regulated - [Binance and Circle Partner to Expand USDC Adoption Globally](https://news.shib.io/2024/12/12/binance-and-circle-partner-to-expand-usdc-adoption-globally/): Cryptocurrency exchange Binance and global financial technology firm Circle have announced a strategic partnership aimed at driving the adoption of USDC and advancing the international growth of digital assets. According to a press release, industry leaders Circle Internet Group Inc. and Binance Holding Ltd. announced their strategic partnership at the Abu Dhabi Finance Week on December 11. The firms stated that Circle will play a key role in supporting Binance by offering critical technology, liquidity solutions, and other resources to optimize the use of USDC on the platform. Additionally, both companies plan to collaborate on building new connections with mainstream - [Caroline Crenshaw SEC Renomination Vote Postponed Due to Senate Conflict](https://news.shib.io/2024/12/12/caroline-crenshaw-sec-renomination-vote-postponed-due-to-senate-conflict/): The renomination vote for U.S. Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw has been postponed due to a procedural conflict following changes to the original schedule.  According to Fox Business Journalist Eleanor Terrett, the Senate Banking Committee had originally scheduled a vote on Crenshaw’s renomination for Wednesday morning, but the session was moved to the afternoon due to attendance issues.  “Attendance issues often arise when there is a lack of bipartisan cooperation on these nominees,” said Senator Sherrod Brown, Chairman of the Senate Banking Committee. The vote was rescheduled to the afternoon, creating a conflict with a Senate procedural - [AI Jesus in Swiss Chapel Stirs Controversy and Debate](https://news.shib.io/2024/12/12/ai-jesus-in-swiss-chapel-stirs-controversy-and-debate/): An AI Jesus in chapel in Switzerland, introduced as part of a two-month experiment, has sparked widespread criticism and debate. The “Deus in Machina” project, which debuted in August, took place in St. Peter’s Chapel in Lucerne, Switzerland’s oldest church. The artificial intelligence-depiction was developed by Philipp Haslbauer, an IT expert from the Lucerne University of Applied Sciences and Arts, in collaboration with the chapel’s theologian, Marco Schmid.  According to the Associated Press, Haslbauer said that the project was powered by OpenAI’s GPT-4o model and an open-source version of the company’s Whisper technology. Haslbauer explained that the project utilized an - [Shiba Inu Poised for Explosive Rally? Analyst Predicts 4450% Price Surge](https://news.shib.io/2024/12/11/shiba-inu-poised-for-explosive-rally-analyst-predicts-4450-price-surge/): Shiba Inu (SHIB), the world’s second-largest dog-themed altcoin, is flashing major buy signals, with one analyst predicting an eye-watering 4450% price surge, pinpointing critical targets for the token. Crypto analyst Crypto Elites predicts a bullish trajectory for Shiba Inu. The analyst outlined three price targets: 0.000085171, 0.000183312, and 0.000472905, representing potential gains of up to 4450% from the current price. Shiba Inu Technical Analysis Points to Potential Breakout The technical outlook for SHIB was positive, according to Crypto Elites. The analyst noted that as Bitcoin (BTC) dominance decreases, SHIB will likely gain more market share, taking a positive approach. Crypto - [South Korea Pauses Crypto Legislation Amid Martial Law Fallout, Tax Law Delayed](https://news.shib.io/2024/12/11/south-korea-pauses-crypto-legislation-amid-martial-law-delays-tax-law-until-2027/): The South Korean National Assembly has reportedly paused all crypto-related regulatory work amid the ongoing fallout from martial law and impeachment plans against the current president. The crypto sector remains in turmoil following the brief period of martial law declared by President Yoon Suk Yeol. According to Chosun Ilbo, before the suspension of crypto-related regulations, the National Assembly approved a legal amendment that will postpone the implementation of the crypto tax until January 2027. If the National Assembly had not voted on December 10, the crypto tax would have been implemented as planned on January 1, 2025. The report stated - [Microsoft Declines Bitcoin Reserve Proposal, Justin Sun Shares Cheeky Take](https://news.shib.io/2024/12/11/microsoft-declines-bitcoin-reserve-proposal-justin-sun-shares-cheeky-take/): Shareholders of tech giant Microsoft Corp. have voted against a proposal by the National Center for Public Policy Research (NCPPR) to add Bitcoin to the company’s balance sheet during its annual meeting. Ahead of the vote, Microsoft’s board of directors opposed the resolution, citing concerns over Bitcoin’s perceived volatility as a negative factor.  The Washington-based conservative think tank argued that adding Bitcoin to the Microsoft balance sheet would be a corporate responsibility to diversify profits and create value for shareholders. The group emphasized that adopting Bitcoin would create trillions in value and “strip away risk” from shareholders. In the proposal, - [Trump Bitcoin Focus Seeks to Push Price to $150,000 and Lead U.S. Crypto Strategy](https://news.shib.io/2024/12/11/trump-bitcoin-focus-seeks-to-push-price-to-150000-and-lead-u-s-crypto-strategy/): President-elect Donald Trump is reportedly set to make Bitcoin a central focus of his administration, with expectations of a potential price surge to $150,000 early in his term. According to Axios, sources from the Trump transition team stated that the President-elect considers Bitcoin to be “another stock market,” aligning with his broader vision of positioning the U.S. as a global leader in emerging technologies.  The President-Elect recently expressed his enthusiasm for Bitcoin in a post on Truth Social, his social media platform, celebrating the cryptocurrency’s milestone of reaching a record-breaking $100,000.  “YOU’RE WELCOME!!! Together, we will Make America Great Again!” - [Ripple RLUSD Stablecoin Gains NYDFS Approval, Set to Launch on Exchanges](https://news.shib.io/2024/12/11/ripple-rlusd-stablecoin-gains-nydfs-approval-set-to-launch-on-exchanges/): Ripple Labs CEO Brad Garlinghouse has announced that the company’s RLUSD stablecoin is set to debut on exchanges soon, following its approval by the New York Department of Financial Services (NYDFS) after months of review. Garlinghouse made the announcement in a post on X on December 10. Ripple first unveiled plans for its RLUSD stablecoin in April, positioning it as a competitor to Tether’s USDt and Circle’s USD Coin. The company began testing its RLUSD stablecoin on the XRP Ledger and Ethereum mainnets in August. By October, the company had unveiled collaborations with several cryptocurrency exchanges, including Uphold, Bitstamp, Bitso, - [MicroStrategy Poised for Nasdaq 100 Inclusion Amid Index Shake-Up](https://news.shib.io/2024/12/11/microstrategy-poised-for-nasdaq-100-inclusion-amid-index-shake-up/): Business intelligence and software firm MicroStrategy Inc. is set to be included in the prestigious Nasdaq 100 Index, marking a significant milestone for the company.  According to reports, Moderna, a biotechnology company, along with several other firms, may be replaced in the Nasdaq 100 Index on December 13. This opens an opportunity for MicroStrategy’s potential inclusion. The firm is expected to join the index on December 23, with an official announcement scheduled for Friday, December 13. James Seyffart, an ETF analyst at Bloomberg, stated that ETFs tracking the Nasdaq 100 would likely purchase $2.1 billion worth of MicroStrategy shares. This - [Play With Shib And Win Your Share of a Huge Pot of Shifu Tokens](https://news.shib.io/2024/12/10/play-with-shib-and-win-your-share-of-a-huge-pot-of-shifu-tokens/): The stakes are high, the rewards are massive, and the clock is ticking. Shiba Eternity and Agent Shiboshi players, this is your moment to claim a slice of a gigantic Shifu token prize pool. With a massive pool of $Shifu tokens on the line, these daily tournaments are turning ordinary gameplay into an extraordinary opportunity for rewards. Daily Gameplay, Tangible Rewards The action happens every weekday in the form of exciting daily tournaments. As you compete, you’ll rack up Shifu Airdrop Points, moving you closer to claiming your share of this life-changing prize pool. Every match you play brings you - [Play With Frens And Get Paid: Shiba Eternity Web3 Offers Free $SHIB](https://news.shib.io/2024/12/10/play-with-frens-and-get-paid-shiba-eternity-web3-offers-free-shib/): If you’re new to Shiba Eternity Web3, there’s an exciting opportunity waiting for you! By using a referral code, you can unlock free in-game rewards to kickstart your adventure. Not sure how to get a referral code? We’ve got you covered. Check out this video tutorial to learn step-by-step how to get a code and start earning rewards today: Start your journey the right way and enjoy the perks of being a new player. Happy gaming! - [Get Paid to Play With Frens: Shiba Eternity Web3 Offers $SHIB for Free](https://news.shib.io/2024/12/10/get-paid-to-play-with-frens-shiba-eternity-web3-offers-shib-for-free/): What’s better than playing games and having fun? Playing games, having fun, and earning cryptocurrency while you’re at it! Shiba Eternity Web3 gives players the opportunity to earn real $SHIB by referring others to the game. Whether you’re reaching out to friends, followers, or just anyone interested in joining, the rewards are plentiful. The best part? This referral program benefits both newcomers and seasoned players alike, giving everyone something to look forward to. If you’re already playing Shiba Eternity, the opportunity to boost your crypto wallet with minimal effort is too good to miss. How the Shiba Eternity Web3 Referral - [The Shib News Recap: Tuesday](https://news.shib.io/2024/12/10/the-shib-news-recap-tuesday/): Today’s top crypto news reveals a growing wave of regulatory challenges, the impact thereof on market dynamics, and concerns about user trust in the crypto space. Crypto Regulation News SEC Commissioner Hester Peirce is urging a shift in cryptocurrency regulation and wants to end “Operation Chokepoint 2.0.” She has criticized the government’s restrictions on banking services for the crypto industry, especially in custody. Peirce’s three-part proposal includes ending the Chokepoint, clarifying SEC authority, and working together with the industry. Her emphasis on collaboration could be a significant turning point for crypto regulation. Meanwhile, the Cedar Innovation Foundation (CIF) has launched - [Coinbase Faces Backlash Over Account Restrictions, Poor Support](https://news.shib.io/2024/12/10/coinbase-faces-backlash-over-account-restrictions-poor-support/): Coinbase has addressed customer complaints about account restrictions, but an X Community Note contradicted the company’s response, confirming that accounts were, indeed, being restricted. Over the weekend, numerous Coinbase users took to X to share their frustrations, reporting issues such as being locked out of their accounts and facing difficulties with withdrawals.  In a post on the same platform, Coinbase’s support account issued a thread claiming that many of the complaints were “FUD/misinformation.” The crypto exchange explained that the account restrictions were a result of “a surge of new users and old users re-activating their accounts post-election.” 1/ There’s a - [MicroStrategy Bitcoin Bag Keeps Getting Bigger With $2.1 Billion Buy](https://news.shib.io/2024/12/10/microstrategy-bitcoin-bag-keeps-getting-bigger-with-2-1-billion-buy/): MicroStrategy has bought a whopping 21,550 BTC, adding to their already massive holdings, with a purchase made last week at an average price of $98,783 per Bitcoin. According to its official filing, the business intelligence company’s recent $2.1 billion purchase brings its total Bitcoin holdings to 423,650 BTC, valued at approximately $42 billion. MicroStrategy’s recent acquisition, made between December 2 and December 8, marks the company’s fifth consecutive week of expanding its Bitcoin investments, following its earlier purchase of 15,400 BTC for $1.5 billion at an average price of $95,976 per coin. To finance its latest purchase, MicroStrategy sold around - [Crypto Group Seeks to Block Caroline Crenshaw From SEC Renomination](https://news.shib.io/2024/12/10/crypto-group-seeks-to-block-caroline-crenshaw-from-sec-renomination/): The Cedar Innovation Foundation (CIF), a crypto advocacy group, has launched an advertising campaign opposing the renomination of U.S. Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw.  The organization announced on X that its targeted digital ad campaign would run across various Washington-focused social media platforms. Crenshaw gained notoriety within the crypto community for opposing Bitcoin spot ETFs, labeling crypto markets as a “petri dish” of fraud, and supporting regulations that hinder decentralized finance. “In rushing through the confirmation of Caroline Crenshaw, the Senate is doing an end run around the American people who voted for a pro-crypto mandate,” the - [Iran to Regulate, Not Ban, Cryptocurrencies](https://news.shib.io/2024/12/10/iran-to-regulate-not-ban-cryptocurrencies/): Iran Minister of Economic Affairs and Finance, Abdolnaser Hemmati, has announced plans to implement a regulatory framework for cryptocurrency, opting against imposing blanket restrictions. Speaking at a national event on digital currency, Hemmati emphasized that leveraging digital assets could help address economic challenges, including U.S. sanctions, while also creating job opportunities for the country’s youth. Hemmati cited that cryptocurrencies fall under the authority of the Central Bank of Iran (CBI), which is working on developing a comprehensive regulatory framework for the sector.   The CBI recently introduced its Policy and Regulatory Framework for Cryptocurrencies, which includes new requirements for crypto brokers - [Peter Schiff Urges Biden to Sell U.S. Bitcoin Reserves to Cut Deficit Before Leaving Office](https://news.shib.io/2024/12/10/peter-schiff-urges-biden-to-sell-u-s-bitcoin-reserves-to-cut-deficit-before-leaving-office/): Economist and financial commentator Peter Schiff has sparked attention with his bold suggestion for President Joe Biden to sell all of the U.S. government’s Bitcoin holdings before leaving office. In a post on X, Schiff argued that proceeds from such a sale could help alleviate the 2024 budget deficit. He further stated that this move would put an end to the ongoing discussion about establishing what he considers a “harmful” Strategic Bitcoin Reserve. Should President Biden heed Schiff’s advice, it could undermine President-elect Donald Trump’s plans for the reserve. While the incoming administration could still acquire Bitcoin, it would likely - [SEC's Peirce Calls for End to 'Operation Chokepoint 2.0,' Proposes New Path for Crypto](https://news.shib.io/2024/12/10/secs-peirce-calls-for-end-to-operation-chokepoint-2-0-proposes-new-path-for-crypto/): SEC Commissioner Hester Peirce is pushing for a major shift in cryptocurrency regulation, urging an end to what she calls “Operation Chokepoint 2.0.” Speaking on Fox Business, Peirce outlined a plan to provide clarity for the crypto industry and foster innovation, a move that could reshape the digital asset landscape in the United States. Peirce Blasts Chokepoint 2.0, Lays Out Three-Step Crypto Plan Peirce criticized government efforts to limit the crypto industry’s access to banking services, particularly custody. “Stop the chokepoint aspect of government regulation,” she told Fox Business host Liz Claman.  She argued that clear access to such services - [Amazon Bitcoin Strategy: Washington Think Tank Proposes Bold Move](https://news.shib.io/2024/12/09/amazon-bitcoin-strategy-washington-think-tank-proposes-bold-move/): The National Center for Public Policy Research (NCPPR) has proposed the development of an Amazon Bitcoin strategy, suggesting the topic be discussed during the company’s shareholder meeting in April 2025. In its proposal, the Washington-based conservative think tank recommended that Amazon, which holds cash and cash-equivalent reserves of about $88 billion — including U.S. government, corporate, and foreign bonds — consider adding Bitcoin to its strategic reserve. The policy group stated: “As of December 6, 2024, the price of Bitcoin rose by 131% over the past year, surpassing the average performance of corporate bonds by 126%. Over the last five - [Indiana Man Pleads Guilty to $37M Crypto Theft](https://news.shib.io/2024/10/02/indiana-man-pleads-guilty-to-37m-crypto-theft/): Evan Frederick Light, a 21-year-old from Lebanon, Indiana, has pleaded guilty to cyber intrusion and crypto theft worth over $37 million from nearly 600 victims. Light appeared before U.S. Magistrate Judge Veronica Duffy on Monday, where he admitted to charges of conspiracy to commit wire fraud and conspiracy to launder monetary instruments, according to a statement from the U.S. Attorney’s Office for the District of South Dakota. The court documents said that Light was involved in a cyber intrusion in February 2022, targeting an investment holdings company in Sioux Falls, South Dakota. During the cyber intrusion, he accessed the personal - ['Green Vertical Candles' Incoming As Shiba Inu Price Correction Is Over: Crypto Analyst](https://news.shib.io/2024/10/02/shiba-inu-green-vertical-candles-incoming-as-shib-price-correction-is-over-crypto-analyst/): A sense of anticipation hangs in the air for Shiba Inu hodlers, as a crypto analyst predicts the end of a recent price correction and the imminent arrival of a powerful upward surge, signaled by the appearance of “green vertical candles” on price charts. Crypto Sheriff, known for their insightful technical analysis and bold predictions, took to X (formerly Twitter) on Wednesday, declaring, “The #SHIB chart touched the box I expected and the price correction is over! It’s time for new green vertical candles!” Their proclamation, accompanied by a chart highlighting a key support zone, ignited a wave of optimism - [Shiba Inu Turns Up the Heat: Incinerated Billions of Tokens in September](https://news.shib.io/2024/10/02/shiba-inu-turns-up-the-heat-incinerated-billions-of-tokens-in-september/): Shiba Inu, the meme coin known for its playful canine mascot and fervent community, is making a strategic move to fuel its price ascent: burning tokens.  Throughout September, the project committed nearly 2.4 billion SHIB tokens to the digital incinerator, a move designed to reduce circulating supply and potentially boost the token’s value. This latest burn totaled 2,378,422,108 SHIB across 131 transactions, representing a significant escalation in the project’s deflationary efforts.  In the past seven days alone, over 2 billion SHIB tokens were removed from circulation – a staggering 7650.63% increase in burn rate. The rationale behind this strategy was - [XRP ETF Next? Bitwise Filing Could Be An 'ETF Wrapper'](https://news.shib.io/2024/10/02/xrp-etf-next-bitwise-filing-could-be-an-etf-wrapper/): A tremor has rippled through the cryptocurrency world, emanating not from a sudden price swing, but from a strategic filing in the heart of traditional finance. Bitwise, the asset management firm known for its measured approach to crypto investments, has set its sights on an XRP ETF, sending a clear signal that the lines between Wall Street and the Wild West of crypto are blurring faster than ever. The news broke with the quiet hum of a Delaware filing, revealing Bitwise’s registration of a trust entity specifically designed for an XRP ETF. While the market’s initial reaction was muted, the - [The Shib Crypto Recap: Tuesday](https://news.shib.io/2024/10/01/the-shib-crypto-recap-tuesday-2/): The cryptocurrency space is currently experiencing significant regulatory changes and market dynamics, notably Japan’s new regulations that could shape global standards and South Korean exchange Bithumb’s upcoming listing on Nasdaq, enhancing corporate legitimacy. However, the sector faces challenges as evidenced by a $650K trading scam. On a brighter note, legislative progress on crypto taxation suggests a move towards a more organized market, alongside Shiba Inu’s positive momentum as many holders see profits, potentially boosting confidence in the token. Japan’s FSA Eyes Crypto Tax Reform as South Korea’s Bithumb Sets Sights on Nasdaq Listing Japan’s Financial Services Agency (FSA) is poised - [Is Michael Dell Selling His Stock to Invest in Bitcoin?](https://news.shib.io/2024/10/01/is-michael-dell-selling-his-stock-to-invest-in-bitcoin/): Michael Dell, founder and CEO of Dell Technologies, has sold 10 million shares of his company, valued at approximately $1.22 billion, according to a filing yesterday with the U.S. Securities and Exchange Commission (SEC). However, this sale follows a previous transaction earlier in the month, where Dell sold another 10 million shares worth around $1.17 billion between September 19 and September 23. Following these two transactions, Dell retains over 16.91 million shares, with a market value exceeding $2 billion. According to Google Finance, Dell Technologies’ stock price has increased significantly in 2023, with shares up 58.5% year-to-date. The company rejoined - [Japan FSA Reviews Crypto Regulations and Tax Cuts](https://news.shib.io/2024/10/01/japan-fsa-reviews-crypto-regulations-and-tax-cuts/): The Financial Services Agency (FSA) of Japan is set to reassess its cryptocurrency regulations, potentially reducing taxes on crypto gains and reclassifying digital assets.  Bloomberg News reported that the agency’s review will continue through winter. It will examine whether the Payments Act framework remains suitable given cryptocurrencies’ evolving role. According to the report, the FSA is considering shifting digital assets under the Financial Instruments and Exchange Act, which could result in stricter investment rules. The move may also reduce the current tax rate on crypto gains, which can reach as high as 55%. If the assets are reclassified, they could - [South Korea's Bithumb Announces Plans for Nasdaq Listing](https://news.shib.io/2024/10/01/south-koreas-bithumb-announces-plans-for-nasdaq-listing/): Bithumb, South Korea’s second-largest cryptocurrency exchange, revealed its intention to explore listing on the U.S. Nasdaq during a shareholders’ meeting yesterday. The company plans to pursue an initial public offering (IPO) in the second half of 2025, with Samsung Securities acting as the primary underwriter. According to its management, the move to target the U.S. market is aimed at expanding its global reach. “The goal is to strengthen Bithumb’s market position globally, and Nasdaq offers an ideal platform,” a company representative stated. Bithumb had previously considered a listing on South Korea’s KOSDAQ market in 2020, but halted those plans due - [Metaplanet Expands Bitcoin Holdings with $7 Million Buy](https://news.shib.io/2024/10/01/metaplanet-expands-bitcoin-holdings-with-7-million-buy/): Japanese investment firm Metaplanet announced Tuesday its acquisition of an additional 107.9 Bitcoin, valued at 1 billion yen ($7 million). This latest purchase propels the company′s total Bitcoin holdings to 506.7, worth approximately 4.75 billion yen((33.2 million), as it kicks off the fourth quarter with a strong crypto commitment. The company took to X to make the announcement.  *Metaplanet purchases additional 107.91 $BTC* pic.twitter.com/pPrRBGrJsC — Metaplanet Inc. (@Metaplanet_JP) October 1, 2024 Metaplanet, often dubbed “Asia’s MicroStrategy,” has been aggressively expanding its Bitcoin portfolio. This is part of a strategic approach to bolster its treasury reserves. This investment strategy mirrors that - [Donald Trump’s World Liberty Financial Opens Whitelists; New Era of DeFi?](https://news.shib.io/2024/10/01/donald-trumps-world-liberty-financial-opens-whitelists-new-era-of-defi/): World Liberty Financial, the DeFi platform backed by Republican presidential candidate Donald Trump, announced on Monday the opening of its whitelists.   The World Liberty Financial whitelist is limited to accredited investors in the United States, as defined by the SEC. These are individuals who meet specific financial criteria, such as having a net worth of at least $1 million or an annual income of $200,000 or more. Only those who qualify under these guidelines are eligible to be included on the whitelist, but the company remains committed to including everyday Americans as part of its “broader mission for financial - [Memecoins Surge as Bitcoin Rally Sparks Double-Digit Gains](https://news.shib.io/2024/10/01/memecoins-surge-as-bitcoin-rally-sparks-double-digit-gains/): Memecoins, once dismissed as a cryptocurrency sideshow, are stealing the spotlight following Bitcoin’s recent rally, with many posting double-digit gains over the past 30 days. This resurgence has investors asking: Is it time for another memecoin season? Analytics platform IntoTheBlock noted this development. Previously, a well-known crypto influencer Zach Humphries noted that Shiba Inu (SHIB) could see a major upswing over the next year. In a recent YouTube video, Humphries expressed confidence in SHIB’s long-term potential despite recent market volatility. While he said SHIB might not repeat its past explosive growth, he predicted the token could still experience substantial gains. - [Crypto Tax Payments are the Present and Future - Ohio Bill](https://news.shib.io/2024/10/01/crypto-tax-payments-are-the-present-and-future-ohio-bill/): Ohio State Senator Niraj Antani (R-Miamisburg) introduced a bill on Monday that would require the state and all local political subdivisions to accept cryptocurrency as a form of payment for taxes and fees. This initiative for crypto tax payments aims to position Ohio at the forefront of the 21st-century economy by normalizing the use of digital currencies such as Bitcoin. The Senator made the announcement on X. TODAY: I introduced a bill the legalize the use of cryptocurrency to pay state and local taxes and fees. Cryptocurrency is not just the future — it’s the present. I’m proud to be the - [Trading Scam Wipes Out Over $650K from X Users](https://news.shib.io/2024/10/01/swindler-takes-over-650k-from-x-users-in-elaborate-trading-scam/): An individual known as @ape_31 on the social media platform X has allegedly swindled more than $650,000 from over 250 users within the past year.  Blockchain investigator ZachXBT posted about this brazen and sophisticated operation on X Monday.  The scammer’s modus operandi involved posting fake profit and loss (PNL) screenshots from a Bybit demo account and leveraging a news account to lure victims into paid services before blocking them once payment was received.  1/ The UK scammer @ape_31 @60711 has stolen more than $650K from 250+ X users in the past year by posting fake PNL screenshots from a Bybit - [Shiba Inu Gears Up At Potential Uptober Momentum, Over 55% Holders 'In The Money'](https://news.shib.io/2024/10/01/shiba-inu-gears-up-at-potential-uptober-momentum-as-over-55-of-holders-are-in-the-money/): Shiba Inu (SHIB) is flashing bullish signals as October approaches, sparking excitement among traders and investors. With over 55% of SHIB holders currently “in the money,” meaning their holdings are profitable at the current price, the popular dog-themed altcoin appears poised for a potential “Uptober” surge.  Elliott Wave and Fibonacci Point to Higher Shiba Inu Highs A SHIB/USDT chart on Binance shared by crypto analyst BigMike7335 (@Michael_EWpro on X), which incorporated Elliott Wave analysis and Fibonacci retracement levels. The Elliott Wave theory, a form of technical analysis that identifies recurring patterns in price movements, suggested that SHIB was nearing the - [The Shib Crypto Recap: Monday](https://news.shib.io/2024/09/30/the-shib-crypto-recap-monday/): The crypto space is buzzing today with developments dominated by the repercussions of the FTX collapse that continue to ripple through the industry. In addition to this ongoing fallout, the crypto community is grappling with the aftermath of a recent major phishing attack. Meanwhile, Russia is emerging as a formidable player in crypto mining, surpassing the U.S. in output. Rising institutional interest in Taiwan surrounding foreign crypto exchange-traded funds (ETFs) adds another layer of intrigue, while the advent of AI technologies is being spotlighted as a crucial ally in defending against emerging threats within its own realm. FTX’s Future Unfolds: - [Buterin Proposes Standards for Ethereum Alignment](https://news.shib.io/2024/09/30/buterin-proposes-standards-for-ethereum-alignment/): Ethereum co-founder Vitalik Buterin has proposed developing metrics to measure how aligned various projects are with Ethereum’s values. In a blog post last Friday, Buterin stated that achieving “Ethereum alignment” is one of the most important social challenges within the ecosystem. He explained that the wide range of developers, researchers, and local communities all have different visions, and the challenge is to ensure they contribute to “one Ethereum ecosystem, and not 138 incompatible fiefdoms.” Openness and Interoperability as Key Metrics for Ethereum Alignment Buterin suggested that a project’s degree of openness can serve as a key metric for alignment. He - [Fake Wallet App Steals Over $70,000 in Cryptocurrency Before Google Removes It](https://news.shib.io/2024/09/30/fake-wallet-app-steals-over-70000-in-cryptocurrency-before-google-removes-it/): A fake wallet app posing as WalletConnect swindled more than $70,000 worth of cryptocurrency from unsuspecting users over the course of four months. The malicious software, available on the Google Play Store, tricked users into authorizing fraudulent transactions before its removal. The fake app amassed over 10,000 downloads, with approximately 150 individuals falling victim to the phishing attack. By mimicking WalletConnect, a popular open-source protocol connecting decentralized apps to mobile wallets, the malware exploited users’ trust in the established brand. Cybersecurity experts warn that this incident highlights the growing sophistication of cybercriminals targeting cryptocurrency holders.  App Scams and the Importance - [Santiment Warns Bitcoin ATH Unlikely if Market Sentiment Remains High](https://news.shib.io/2024/09/30/santiment-warns-bitcoin-ath-unlikely-if-market-sentiment-remains-high/): Bitcoin is unlikely to reach a new all-time high in the near future due to current market sentiment, according to onchain analytics platform Santiment. Santiment reported today that expectations for a new Bitcoin peak may be premature, stating that “markets historically always move in the opposite direction of the crowd’s expectations.” The platform noted that for every bearish post, there were 1.8 bullish ones, suggesting that the market may be overly optimistic at this time. 📊 If you're awaiting Bitcoin's new all-time high, it may need to wait until the crowd slows down their own expectations. There are currently 1.8 - [FTX Bankruptcy: Hearing Set for October 2024; Smaller Creditors May See Compensation by Year's End](https://news.shib.io/2024/09/30/ftx-bankruptcy-hearing-set-for-october-2024-smaller-creditors-may-see-compensation-by-years-end/): The latest FTX bankruptcy filing reveals a court hearing scheduled for Oct. 7, 2024 to confirm the company’s reorganization plan. This potentially paves the way for creditors to begin receiving compensation.  Analytics firm Wu Blockchain reported the move on Monday.  Creditors with claims of less than $50,000 may start to see compensation by the end of 2024, according to the filing. However, parties with larger claims might not receive their share until the first or second quarter of 2025, highlighting the complex and lengthy process of unwinding the bankruptcy. FTX Bankruptcy: A Cautionary Tale of Mismanagement and Deception FTX, once - [Taiwan Opens Access to Foreign Crypto ETFs for Professional Investors](https://news.shib.io/2024/09/30/taiwan-opens-access-to-foreign-crypto-etfs-for-professional-investors/): Taiwan’s Financial Supervisory Commission (FSC) has announced that professional investors can now invest in foreign cryptocurrency exchange-traded funds (ETFs).  These investors, including institutional players, high-net-worth individuals, and other high-asset clients, will be allowed to participate through a method known as “re-entrustment.” This process will enable them to access foreign crypto ETFs via Taiwanese securities firms. Crypto ETFs Limited to Professional Investors The decision, reviewed by the Securities Business Association of the Republic of China, restricts access to professional investors. This is based on the high level of risk involved in virtual asset investments, which can exhibit significant price volatility. Taiwan’s - [AI Will Be Key to Countering AI Threats, Says Nvidia CEO](https://news.shib.io/2024/09/30/ai-will-be-key-to-countering-ai-threats-says-nvidia-ceo/): Nvidia CEO Jensen Huang has stated that artificial intelligence (AI) itself is the most effective way to address the harmful uses of AI technology.  Speaking at a Bipartisan Policy Center event last Friday, Huang remarked, “It’s going to take AI to catch the darker side of AI.” He explained that AI’s ability to generate fake data and false information at high speeds necessitates the use of equally advanced AI systems to detect and mitigate these threats. “The reason for that is pretty clear: AI is going to be producing fake data and false information at very high speeds,” Huang said. - [Newsom Vetoes AI Regulation Bill, Citing Concerns for Innovation](https://news.shib.io/2024/09/30/newsom-vetoes-ai-regulation-bill-citing-concerns-for-innovation/): California Governor Gavin Newsom has vetoed SB 1047 today, a bill aimed at regulating large-scale artificial intelligence (AI) models, after facing strong opposition from Silicon Valley.  The legislation, known as the Safe and Secure Innovation for Frontier Artificial Intelligence Models Act, was intended to introduce some of the first state regulations on AI, including mandatory safety testing for large-scale AI models. Newsom expressed concerns that the bill would stifle innovation while failing to address the real risks posed by AI technology. “Instead, the bill applies stringent standards to even the most basic functions — so long as a large system - [Phishing Attack Drains $32M From Crypto Holder](https://news.shib.io/2024/09/30/phishing-attack-drains-32m-from-crypto-holder/): An anonymous individual has reportedly lost 12,083.6 spWETH, valued at over $32 million, in a sophisticated phishing attack.  Web3 data analysis platform Lookonchain reported this on X last Saturday.  According to Arkham, an analytics platform for Ethereum, the compromised wallet may be linked to DiscusFish (also known as @bitfish1 on X). This potential association raises concerns about the vulnerability of even seasoned cryptocurrency users to phishing attacks. Phishing Attacks: A Growing Concern for Crypto Holders Phishing scams have long been a significant risk for crypto holders, often resulting in substantial financial losses. It is a type of cyber fraud where - [Russia Now Outpaces the US in Crypto Mining - BitRiver CEO Igor Runets](https://news.shib.io/2024/09/30/russia-now-outpaces-the-us-in-crypto-mining-bitriver-ceo-igor-runets/): Russia’s growth in the crypto mining sector now outpaces that of the United States, according to Igor Runets, the chief executive of top Russian industrial crypto mining player BitRiver. Runets, whose net worth stands at $230 million, attributes his fortune to President Vladimir Putin’s supportive policies towards crypto mining, noting that this marked a significant shift in the country’s stance on digital currencies. BitRiver focuses primarily on Bitcoin (BTC) mining — and the company is expanding rapidly. It reportedly has plans to bring 1 megawatt (MW) of crypto mining capacity online soon. The success of Igor Runets highlights Russia’s growing - [This Week in Crypto: Markets, Security And Future Tech](https://news.shib.io/2024/09/30/crypto-this-week-markets-security-and-future-tech/): Was this the week Bitcoin broke free from its September curse? Or did regulatory crackdowns and cyberattacks steal the show? Here’s a recap of the crypto stories that mattered. Crypto Market Movers Bitcoin Breaks the September Curse: Bitcoin defied historical trends, surging this September instead of slumping, signaling potential bullish momentum for the rest of the year. BlackRock Roasts Coinbase Potato Servers With 12-Hour Withdrawal Proposal: BlackRock’s demand for faster Bitcoin withdrawals from Coinbase highlighted concerns about exchange stability and custodial practices, sparking debate about centralization and control. BNY Mellon Secures Crypto Custody Services Exemption: BNY Mellon received regulatory approval - [Shiba Inu Weekly Recap: Of Milestones and Meteoric Rises](https://news.shib.io/2024/09/30/shiba-inu-ecosystem-a-week-of-milestones-and-meteoric-rises/): The Shiba Inu ecosystem has just experienced a week of explosive growth and exciting developments, leaving its mark on the crypto world. From soaring prices and bullish predictions to groundbreaking platform enhancements and community giveaways, the Shiba Inu universe has been a whirlwind of activity, capturing the attention of investors and enthusiasts alike. Shibarium’s Ascent Shibarium, Shiba Inu’s layer-2 scaling solution, continued its meteoric rise, achieving a new all-time high in total value locked (TVL). This surge, fueled primarily by the success of K9 Finance’s liquid staking model, underscored the growing confidence in Shibarium’s potential to revolutionize the SHIB ecosystem. - [ShibaSwap, Shib.io Break Down Barriers: Allow BONE, USDC Purchases With VISA and Mastercard](https://news.shib.io/2024/09/29/shibaswap-breaks-down-barriers-allows-bone-usdc-purchases-with-visa-and-mastercard/): ShibaSwap, the decentralized exchange (DEX) at the heart of the Shiba Inu ecosystem, and shib.io, the official website of the crypto project, unveiled a game-changing development: direct token purchases via Visa and Mastercard. This move promises to democratize access to digital assets, tearing down the barriers that have long kept mainstream users at bay. Shiba Inu: A New Era of Crypto Accessibility Imagine a world where acquiring cryptocurrency is as simple as purchasing a book online or ordering a ride-share. This is the vision ShibaSwap is bringing to life. By embracing the ubiquitous payment rails of Visa and Mastercard, Shiba - [China Hints at Crypto Reversal: Is the Ban Lifted Soon?](https://news.shib.io/2024/09/29/china-hints-at-crypto-reversal-is-the-ban-lifted-soon/): China, the land of the Great Firewall and the digital yuan, is sending mixed signals about its relationship with cryptocurrency. While a complete reversal of the nation’s stringent crypto ban remains unlikely in the near term, recent comments by a former finance minister suggest a subtle shift in the official stance, sparking speculation and intrigue within the global crypto community. A Call for Crypto Research From China At the 2024 Tsinghua PBC Chief Economist Forum in Beijing, Zhu Guangyao, former vice minister of the Ministry of Finance, made a noteworthy call for increased research into the development of cryptocurrency. He - [What's Next for CZ? Zhao Champions 'Impact' Over Returns After Incarceration](https://news.shib.io/2024/09/29/whats-next-for-cz-zhao-champions-impact-over-returns-after-incarceration/): Changpeng Zhao (CZ), the once-embattled architect of Binance, emerges from his period of confinement not with a roar, but with the quiet contemplation of a monk descending from a mountain retreat.  His recent pronouncements, delivered via the digital pulpit of X, suggested a man transformed, his priorities seemingly reordered by the solitude of incarceration. The crypto king, it appears, has embarked on a journey of self-discovery, his gaze now fixed on horizons beyond the fluctuating fortunes of digital currencies. CZ’s missive started not with a triumphant declaration of his return, but with a humble appreciation for the gustatory pleasures denied - [The Weekly Meme Digest](https://news.shib.io/2024/09/28/the-weekly-meme-digest-18/): “Hodlers, Memers, and Degens Unite! 🐕🚀” Welcome back to the latest edition of The Shib’s Weekly Meme Digest—your haven of memes, madness, and crypto news served with a healthy side of sarcasm. This isn’t your average yawn-inducing newsletter. Nope, like the fearless Shiba Inu in our logo, we’re your trusty guide in the otherwise chaotic world of crypto, blockchain, web3, and future tech. 🐕💼 We’re here to deliver the stories that actually matter—unfiltered, unpretentious, and unapologetically fun. Why give you the usual boring “news” when we can mix in a few laughs and some meme-worthy commentary? 🤡 We won’t tarnish - [BlackRock Roasts Coinbase Potato Servers With 12-Hour Withdrawal Proposal](https://news.shib.io/2024/09/28/coinbase-12-hour-bitcoin-withdrawals-blackrocks-throws-shade-at-coinbase-potato-servers/): BlackRock, the Wall Street titan testing the crypto waters with its pinky toe, has suddenly decided to cannonball into the deep end with Coinbase. They’ve filed an amendment for their Bitcoin ETF, demanding that Coinbase, the ETF’s custodian, process Bitcoin withdrawals within a brisk 12 hours. Because apparently, in the lightning-fast world of high finance, waiting longer than half a day to access your digital gold is roughly equivalent to sending a carrier pigeon. 🐌 Especially when you’re dealing with Coinbase, an exchange whose servers apparently run on a combination of hamster wheels and hopes and dreams – and those - [BNY Mellon to Hold Your Crypto? Trust Me, Bro! (Said No One Ever)](https://news.shib.io/2024/09/28/bny-mellon-to-hold-your-crypto-trust-me-bro-said-no-one-ever/): Cue dramatic music 🥁 Ladies and gentlemen, boys and girls, hodlers and paper hands alike, prepare to be wowed. BNY Mellon, the financial institution that’s about as exciting as watching paint dry, has just dropped a bombshell: they’re offering crypto custody services! 🤯 Cue gasps of disbelief That’s right, folks. The same BNY Mellon that’s probably as old as your grandma’s favorite rocking chair is now dipping its toes into the wild and wacky world of crypto. It’s like seeing your favorite grandma trying to TikTok dance – unexpected and a little bit cringeworthy. 😂 Because, you know, what could possibly - [Kamala Harris Wants America to Dominate Blockchain—Is She Mining for Votes or Bitcoin?](https://news.shib.io/2024/09/28/kamala-harris-wants-america-to-dominate-blockchain-is-she-mining-for-votes-or-bitcoin/): Hello hello, you beautiful people! What’s cooking? Brace up for yet another fun-filled crypto news! 😄 As the world increasingly turns its attention to blockchain technology and cryptocurrency, Vice President Kamala Harris is positioning herself as a champion for American dominance in this burgeoning field. 🫣 With her recent remarks on the importance of blockchain, it’s hard not to wonder whether she’s genuinely interested in fostering innovation. Or merely trying to capitalize on a political trend that could translate into votes—and perhaps even crypto donations.😯 Well, well, of course, Harris is capitalizing on the fact that the U.S. elections is - [Bitcoin Breaks the September Curse: From Slump to Surge in 2024](https://news.shib.io/2024/09/28/bitcoin-breaks-the-september-curse-from-slump-to-surge-in-2024/): September, historically the “pumpkin spice of pain” for Bitcoin holders, has decided to throw everyone a curveball this year. Instead of the usual slump that makes traders weep into their keyboards, Bitcoin has surged past $65,000 in a dramatic reversal of its dreaded September curse. 😱📈 For those of you new to the Bitcoin rollercoaster, let’s get one thing straight: September is supposed to be Bitcoin’s worst month. From 2010 to 2023, Bitcoin has seen an average drop of 4.48% in September, making it the month when even the most die-hard HODLers hide under their blankets. But, 2024? Oh no, - [From Disgraced CEO to ‘Best Witness’: Ellison’s 2-Year Sentence and Crypto World’s ‘OH REALLY?’ Face](https://news.shib.io/2024/09/28/from-disgraced-ceo-to-best-witness-ellisons-2-year-sentence-and-crypto-worlds-oh-really-face/): Former FTX CEO Caroline Ellison—now known as the “best witness” in courtrooms—just received a two-year vacation in the slammer for her starring role in the collapse of the fallen cryptocurrency exchange. 🚓⛓️‍💥 As you probably know, her job description apparently included misleading investors and practicing a little financial gymnastics with customer cash. 💸 But there is a lot to unpack in this sentencing decision. Let’s start with how a good chunk of the crypto community thinks she got off too easy! 😤 Plus, the judge called the woman of the hour the “best witness.” Hmm… let’s just say they wonder - [Shibarium Meteoric Rise Continues: TVL Surges to New All-Time High](https://news.shib.io/2024/09/28/shibarium-meteoric-rise-continues-tvl-surges-to-new-all-time-high/): Shibarium, the layer-2 scaling solution for the Shiba Inu ecosystem, is experiencing a surge in popularity, attracting a growing wave of users and capital. The total value locked (TVL) in Shibarium, a key metric that reflects the overall health and adoption of a blockchain network, has reached a new all-time high, surpassing the $4 million mark and signaling a thriving ecosystem. In the past 24 hours alone, Shibarium’s TVL has surged by an impressive 15%, reaching $4.05 million, according to data from Defillama. This surge reflected the growing confidence in Shibarium’s potential to enhance the scalability and efficiency of the - [Shiba Inu Outperforms Major Cryptocurrencies, Grayscale Data Reveals](https://news.shib.io/2024/09/28/shiba-inu-claims-dominance-outperforms-major-cryptocurrencies-grayscale-data-reveals/): Shiba Inu once again defies expectations and making headlines. This time, it’s not just the enthusiastic “ShibArmy” celebrating its triumphs, but a leading digital asset management firm, Grayscale Investments, whose data reveals Shiba Inu’s remarkable outperformance of major cryptocurrencies over the past week. Grayscale’s “Crypto Snapshot – Assets” report, dated September 26, 2024, showed a vivid picture of SHIB’s dominance. The report, which tracks the one-week returns of the top 10 crypto assets by market capitalization, placed SHIB at the very top, with a staggering 32.1% surge in value.  Shiba Inu Performance This impressive performance dwarfs the gains of other - [Shiba Inu Soars 50.2% on Robinhood, Leaving Other Crypto in the Dust](https://news.shib.io/2024/09/28/shiba-inu-soars-50-2-on-robinhood-leaving-other-crypto-in-the-dust/): In a week marked by cautious market sentiment and sideways trading for many cryptocurrencies, Shiba Inu has emerged as a beacon of bullish defiance, soaring 50.2% on the popular trading platform Robinhood and leaving other digital assets in the dust.  The dog-themed altcoin, often dismissed by skeptics as a fleeting fad, has captured the attention of investors and analysts alike with its remarkable surge in value, solidifying its position as a force to be reckoned with in the ever-evolving cryptocurrency landscape. Shiba Inu’s recent price action on Robinhood has been nothing short of spectacular. While other cryptocurrencies struggled to find - [Shiba Inu Claims Supremacy: Crypto Education Platform Founder Crowns SHIB 'Bull of the Week'](https://news.shib.io/2024/09/28/shiba-inu-claims-supremacy-crypto-education-platform-founder-crowns-shib-bull-of-the-week/): Shiba Inu, the meme-inspired cryptocurrency that has captured the hearts and wallets of millions, is basking in the spotlight once again. This time, it’s not just the enthusiastic “ShibArmy” singing its praises, but a prominent figure in the crypto education space who has bestowed upon it a prestigious title: “Bull of the Week.” On a Friday X post that reverberated through the cryptosphere, AltCryptoGems, the founder of @AltCryptoTalk and co-founder of @KollectAgency, declared Shiba Inu the undisputed champion of the week’s bullish momentum. AltCryptoGems, a full-time crypto trader with a dedicated following, pointed to two key factors driving Shiba Inu’s - [The Shib Crypto Recap: Friday](https://news.shib.io/2024/09/27/the-shib-crypto-recap-friday/): Today’s conversations in crypto news are largely characterized by key issues such as rising global cybersecurity challenges, a remarkable decline in cryptocurrency market losses, and the increasing acceptance of the crypto sector by conventional financial institutions. Furthermore, progress in regulations governing crypto derivatives trades is making headlines, indicating a shift within the industry. ‘Operation Endgame’ Targets Russian Cybercrime Syndicate Amid Declining Crypto Loss Rates The U.S. has launched “Operation Endgame” to target a major Russian cybercrime syndicate involved in laundering billions through illegal activities like ransomware and credit card fraud. Key figures include Sergey Sergeevich Ivanov, who runs PM2BTC, a - [$45,000 Lost in Poisoning Attack as Scammer Nets 899,900% ROI - Report](https://news.shib.io/2024/09/27/45000-lost-in-poisoning-attack-as-scammer-nets-899900-roi-report/): A cryptocurrency scammer has executed a poisoning attack that resulted in a victim losing $45,000 and a staggering return on investment (ROI) of 899,900% for the scammer. This incident, shared via the @web3_Antivirus X account, showcased how the scammer deceived the victim by sending small transactions to mimic addresses. The scam unfolded when a malicious actor transferred just $5 to a wallet, creating a fake address almost identical to the victim’s legitimate wallet address. The scammer’s address differed only by a few characters, but enough to confuse the victim, leading them to transfer a significantly larger amount — $45,000 USDT - [Vitalik Buterin Proposes Increasing Blob Count for Ethereum Network—Here's Why](https://news.shib.io/2024/09/27/vitalik-buterin-proposes-increasing-blob-count-for-ethereum-network-heres-why/): Vitalik Buterin, co-founder of Ethereum, has proposed increasing the network’s “blob count” following discussions during a recent developer call.  The suggestion is aimed at addressing the growing demand for data storage on the Ethereum blockchain, which has seen its blob space usage reach approximately 75% capacity. Blob space was introduced as part of Ethereum’s Dencun upgrade under Ethereum Improvement Proposal (EIP)-4844, also known as proto-danksharding. The current limit allows for a target of three blobs per block, with a maximum of six blobs. Buterin is pushing for an increase to four blobs per block, with a maximum of eight, to - [Hong Kong to Implement Global Standards for Crypto OTC Derivatives Reporting](https://news.shib.io/2024/09/27/hong-kong-to-implement-global-standards-for-crypto-otc-derivatives-reporting/): Hong Kong’s financial regulators, the Hong Kong Monetary Authority (HKMA) and the Securities and Futures Commission (SFC), have announced plans to align their over-the-counter (OTC) derivatives reporting framework — including crypto derivatives — with global standards. This move follows a consultation paper presented in March 2024, with a final implementation deadline set for September 29, 2025. Last week, The Shib Daily reported that the SFC sought opinions from industry participants on a proposed licensing regime for cryptocurrency OTC services.  However, the proposed changes will align Hong Kong’s reporting requirements with those adopted by the European Securities and Markets Authority (ESMA). - [$1.7 Million Drained from Bedrock DeFi UniBTC Pool in Suspected Attack](https://news.shib.io/2024/09/27/1-7-million-drained-from-bedrock-defi-unibtc-pool-in-suspected-attack/): An alert issued today reports that a suspicious transaction involving Bedrock DeFi resulted in the loss of approximately $1.7 million from its UniBTC liquidity pool. The funds were allegedly sent to an address linked to Tornado Cash, a privacy-focused service, raising concerns about a potential hack or exploit. Analytics platform Cyvers reported this move.  The attacker’s address, 0xEE8……980f7, currently holds around 650 ETH, equivalent to the stolen amount. Despite attempts to contact Bedrock DeFi via Telegram, no response has been received at the time of writing. Investigations into the incident are likely underway, although official confirmation from Bedrock DeFi is - [Swan Bitcoin Sues Former Employees Over Mining Operations](https://news.shib.io/2024/09/27/swan-bitcoin-sues-former-employees-over-mining-operations/): Swan Bitcoin has filed a lawsuit against several former employees and competitor Proton Management, accusing them of stealing proprietary software and attempting to take over its Bitcoin mining business.  The case, filed in the U.S. District Court for the Central District of California, names Michael Holmes, former Head of Business Development, and Raphael Zagury, ex-CIO and mining chief at Swan, as the key figures behind the alleged scheme. According to the lawsuit, Holmes and Zagury and several other employees resigned from Swan in early August 2024. Swan alleges that they took confidential software code and customer data before leaving, which - [Crypto Losses Drop 40% in Q3 2024, But Thefts Top $1.33B](https://news.shib.io/2024/09/27/crypto-losses-drop-40-in-q3-2024-but-thefts-top-1-33b/): Crypto losses from hacks and fraud dropped by 40% in Q3 2024 compared to last year. However, year-to-date thefts still total a staggering $1.33 billion.  This data from Immunefi highlights the ongoing threat posed by malicious actors in the crypto space, despite improvements in security measures. As per the report, the third quarter of 2024 saw a notable decline in crypto losses resulting from hacks and fraud, with a 40% decrease compared to Q3 2023. However, the year-to-date figures tell a different story, revealing that a total of 1,333,934,577 has been lost due to hacks and fraud. This represents only - [Dubai Crypto Ads Must Include Risk Warnings Under New Rules](https://news.shib.io/2024/09/27/dubai-crypto-ads-must-include-risk-warnings-under-new-rules/): Dubai has introduced stricter regulations for marketing content related to cryptocurrencies. The Virtual Asset Regulatory Authority (VARA) announced new guidelines for Dubai crypto ads and the like. It requires all promotional materials for digital assets to carry a prominent disclaimer warning potential investors about financial risks. According to VARA, compliance with all applicable laws and regulations is mandatory for all marketing activities related to virtual assets (VA). It is also inclusive of any VA activity targeting the UAE. This includes adherence to all laws, regulations, and guidelines in the UAE and its emirates, governing advertising, data protection, and consumer protection, - [BNY Mellon Secures Crypto Custody Services Exemption](https://news.shib.io/2024/09/27/bny-mellon-secures-crypto-custody-services-exemption/): Bank of New York Mellon (BNY Mellon) has reportedly secured an exemption from adhering to the Securities and Exchange Commission’s (SEC) Staff Accounting Bulletin (SAB) 121 accounting guidelines.  According to a testimony at a Wyoming public hearing by Chris Land, general counsel for U.S. Senator Cynthia Lummis, this move paves the way for BNY Mellon, the largest U.S. custodian bank, to provide crypto custody services to institutional clients. Chris Land revealed that BNY Mellon is looking to expand its involvement in the crypto custody business. “They had some problems with SAB 121, and the SEC has apparently given them some - [US Cripples Russian Cybercrime Network, Seizes $1.15 Billion](https://news.shib.io/2024/09/27/russian-cybercrime-network-crippled-by-us-seizes-1-15-billion/): The United States, in a coordinated international operation dubbed “Operation Endgame,” cracks down on a sprawling Russian cybercrime network that allegedly laundered billions of dollars for ransomware gangs, darknet markets, and credit card fraudsters.  “Every step cybercriminals take in their pursuit of money leaves another track that leads us to their doorstep,” declared U.S. Attorney Jessica D. Aber for the Eastern District of Virginia. “And if you follow them on their path of greed, they will lead us to you. We will not stop, because while domains can always be seized, justice is unyielding.” Targeting the Russian Facilitators The operation - [Shiba Inu to Skyrocket 360%, Citing Bullish Breakout After Market-Defying Performance, Analyst Predicts](https://news.shib.io/2024/09/27/shiba-inu-eyes-360-potential-gain-amid-massive-upward-trend-predicts-analyst/): Shiba Inu defies the September slump, trading in the green zone and experiencing a 37.5% price hike in the last 30 days. However, it appears that the dog-themed altcoin is just getting started, with a renowned crypto analyst forecasting that SHIB could see significantly more gains, potentially as high as 360%, in the coming days. Crypto analyst Javon Marks saw major strength emerging in Shiba Inu ($SHIB) prices, potentially signaling the early stages of a significant upward movement. Marks, known for his technical analysis, pointed to a recent breakout from a sizable Falling Wedge pattern as a key indicator of - [Shiba Inu Defies September Slump, Rallies 30% Amid Overwhelmingly Bullish Sentiment](https://news.shib.io/2024/09/27/shiba-inu-defies-september-slump-rallies-30-amid-overwhelmingly-bullish-sentiment/): In a display of remarkable resilience, the Shiba Inu cryptocurrency defied the broader September cryptocurrency market slump, staging a dramatic comeback in the latter half of the month and igniting a frenzy among investors.  Latest data from CoinMarketCap chronicled this surge: a 21.07% gain in the past 24 hours, a 31.40% jump over the week, and a stunning 34.26% climb over the past month. The meme-inspired token, once dismissed by some as a fleeting fad, now commands a market capitalization of over $10 billion and sits comfortably among the top 15 cryptocurrencies. Adding fuel to the fire is the overwhelmingly - [The Shib Crypto Recap: Thursday](https://news.shib.io/2024/09/26/the-shib-crypto-recap-thursday/): Today’s cryptocurrency news is focused on various subsectors, including the forced liquidation of a significant player in the crypto banking industry. This development coincides with heightened regulatory scrutiny from South Korean authorities, intensifying the spotlight on industry practices. Additionally, a backlash against a particular crypto project has emerged, which has drawn community attention. Moreover, recent remarks from Vice President Kamala Harris concerning the United States’ position in the blockchain arena are stirring discussions. Compounding these issues are potential regulatory shifts affecting the crypto gaming scene in Japan. Regulatory Pressure: The Hidden Factors Behind Silvergate’s Liquidation Recent insights from bankruptcy documents - [What Is a Phishing Attack and How Can You Avoid It?](https://news.shib.io/2024/09/26/what-is-a-phishing-attack-and-how-can-you-avoid-it/): The risk of phishing attacks in the crypto space poses a vicious threat to users navigating the information superhighway. What exactly is a phishing attack, and how does it progress from the first email or message to the execution of the scheme? A phishing attack is a fraudulent scheme where scammers impersonate legitimate entities to deceive individuals into providing sensitive information, such as passwords or credit card details. The attack typically begins with a deceptive email or message that entices the victim to click on a malicious link or download an attachment, leading them to a fake website or software - [Truflation Suffers $5 Million Loss in Malware Attack](https://news.shib.io/2024/09/26/truflation-suffers-5-million-loss-in-malware-attack/): Truflation, a blockchain-based platform providing real-time inflation data, confirmed it was the victim of a malware attack yesterday that resulted in losses valued between $4.95 million and $5.2 million. The attack led to the theft of approximately $3.89 million in Truflation’s native token (TRUF), $1.07 million in Ether, and $236,000 in DAI stablecoin from the project’s treasury multisignature and personal wallets on Ethereum. Blockchain analysts, including ZachXBT and security firm Cyvers, confirmed these figures. An additional $100,000 was stolen from seven other chains. Truflation stated that it is actively monitoring the situation and working with industry partners and law enforcement - [Russia to Legalize Industrial Crypto Mining Soon](https://news.shib.io/2024/09/26/russia-to-legalize-industrial-crypto-mining-soon/): Russia is reportedly close to legalizing industrial crypto mining. According to a local media report, the State Duma passed the third reading of a draft law requiring crypto miners to comply with anti-money laundering (AML) regulations. The upper house of parliament will soon consider this law, which, if approved, will be signed by the President’s office. The report said that the new law would oblige miners to report suspicious crypto transactions to Rosfinmonitoring, Russia’s anti-money laundering agency. This is seen as part of wider regulatory efforts to manage the country’s cryptocurrency sector, which focuses on digital currency mining. Vladimir Putin - [US FTC Cracks Down on Companies for Misleading AI Claims](https://news.shib.io/2024/09/26/us-ftc-cracks-down-on-companies-for-misleading-ai-claims/): The U.S. Federal Trade Commission (FTC) announced actions against five companies accused of using artificial intelligence in allegedly deceptive ways. These cases are part of the FTC’s effort to address the misuse of AI in consumer-related services. Yesterday, the Federal Trade Commission announced the initiation of “Operation AI Comply,” a series of law enforcement actions aimed at targeting five corporations. These companies have been utilizing artificial intelligence to enhance practices that deceive or disadvantage consumers. Three companies promoted schemes that claimed to help consumers generate passive income through AI-powered e-commerce storefronts. The FTC stated that these companies misled consumers and - [South Korea Declares 'Zero Tolerance' on Crypto Misconduct](https://news.shib.io/2024/09/26/south-korea-declares-zero-tolerance-on-crypto-misconduct/): Authorities in South Korea are stepping up efforts to combat misconduct and illegal activities in the cryptocurrency market. Lee Bok-hyun, chief of the Financial Supervisory Service (FSS), pledged to eradicate unfair trade practices in the virtual asset market during a meeting with CEOs of 16 cryptocurrency companies.  Adopting a hardline stance, Lee emphasized a zero-tolerance approach. He also committed to closely monitoring market prices of newly listed coins and unconfirmed rumors. “We will focus all investigative capabilities to hold wrongdoers strictly accountable,” Lee said. The meeting aimed to discuss industry trends, regulatory directions, and outstanding issues following the enforcement of - [Top OpenAI Executives Exit, Altman Downplays Unrest Buzz](https://news.shib.io/2024/09/26/top-openai-executives-exit-altman-downplays-unrest-buzz/): Mira Murati, the ex-CTO and charismatic leader who had become the public face of OpenAI’s groundbreaking work, has left the company. And she wasn’t alone. Two other key OpenAI figures — Chief Research Officer Bob McGrew, and VP of Research Barret Zoph also made their exits.  With whispers growing louder, many speculate: was it an exodus, a sign of discontent within the company? Or was something more dramatic at play? A few hours after Murati shared her resignation online, Sam Altman, CEO of OpenAI, issued an official statement. He downplayed the departures as part of “leadership changes,” describing them as - [Former Justice Minister Claims Montenegro PM Linked to Do Kwon Case](https://news.shib.io/2024/09/26/former-justice-minister-claims-montenegro-pm-linked-to-do-kwon-case/): Montenegro Prime Minister Milojko Spajić has been accused of manipulating the extradition process of Terraform Labs co-founder Do Kwon in connection with a 30-year airport concession deal involving South Korea.  Former Justice Minister Andrej Milović has claimed that Spajić changed his stance on the concession after Montenegro’s Court of Appeals ruled that Kwon should be extradited to South Korea. Milović stated that Spajić had initially been preparing for months to grant the airport concession to France. However, following the court’s decision in favor of South Korea’s request for Do Kwon’s extradition, Spajić allegedly supported South Korea’s bid for the airport - [Japan Regulator Prepares to Reform Crypto Gaming Laws](https://news.shib.io/2024/09/26/japan-regulator-prepares-to-reform-crypto-gaming-laws/): Japan’s Financial Services Agency (FSA) has reportedly signaled its intention to reform the nation’s crypto gaming laws.  According to reports from Japanese media outlets Nikkei and CoinPost, the FSA is discussing the development of a framework that would simplify how businesses manage cryptoassets. These reforms are expected to focus on revising the Payment Services Act, which currently governs the use of cryptocurrencies in various sectors. The aim is to make it easier for companies to handle cryptoassets, particularly within the gaming industry. Due to existing regulatory constraints, many major domestic gaming companies have been cautious about exploring blockchain gaming. Japan’s - [Telegram Wallet Suspends In-App Functionality for UK Residents](https://news.shib.io/2024/09/26/telegram-wallet-suspends-in-app-functionality-for-uk-residents/): Telegram makes the news again; this time for temporarily suspending its in-app wallet function for users residing in the United Kingdom.  Blockchain media Wu Blockchain noted this move on Thursday. The decision reportedly comes as the company seeks to comply with regulatory requirements set by the UK Financial Conduct Authority (FCA). On the upside, the messaging app will allow users to transfer funds to external wallets for free during this period.  Telegram Wallet in the UK Telegram Wallet is an integrated feature within the Telegram app. It allows users to manage cryptocurrencies such as Bitcoin (BTC), Tether (USDT), and Toncoin (TON). - [Silvergate Forced to Liquidate Due to Government Pressure - Reports](https://news.shib.io/2024/09/26/silvergate-forced-to-liquidate-due-to-government-pressure-reports/): In December 2022, the crypto sector faced its darkest hour, Silvergate — one of the most significant crypto banks in the US — found itself on the brink.  The media company Pirate Wires tracked the movement of Silvergate year by year.  It revealed that in March 2023 the bank announced its voluntary liquidation, marking an end to a pioneering institution in the digital asset space. Mainstream narratives attributed this downfall to market forces and potential ties to criminal activities. However, new evidence suggests a more sinister influence: regulatory pressure from the Biden administration, as per the X post.  People portrayed - [Meta Unveils AI Video Dubbing, Lip-Syncing, Image-Editing Across Platforms](https://news.shib.io/2024/09/26/meta-unveils-ai-video-dubbing-lip-syncing-image-editing-across-platforms/): Meta, the tech giant, is rolling out a series of innovative features, including voice mode and image editing capabilities within its chat function. Rowan Cheung, the founder of AI newsletter The Rundown AI, shared the news on X. Per his post, Meta AI now enables users to share photos and receive replies directly within the chat interface, similar to ChatGPT. However, Meta goes one step further by allowing users to edit these images — whether it’s removing objects, adding accessories like hats, or changing backgrounds — all seamlessly integrated into the conversation flow. This feature is currently available only in - [Worldcoin Faces Backlash As South Korea Slaps Crypto Project with $850,000 Fine](https://news.shib.io/2024/09/26/worldcoin-faces-backlash-as-south-korea-slaps-crypto-project-with-850000-fine/): A bold vision to create a universal digital identity system hits a snag, as Worldcoin, the ambitious project spearheaded by OpenAI co-founder Sam Altman, has been slapped with a hefty fine from South Korea’s Personal Information Protection Commission (PIPC).  The commission, the country’s watchdog for data privacy, levied a total of 1.14 billion won (roughly $850,000 USD) in fines, corrective orders, and improvement recommendations against Worldcoin Foundation and its associated company, Tools for Humanity Corporation (TFH), for violations of the Personal Information Protection Act (PIPA). The controversy began earlier this year, fueled by a flurry of complaints and media reports, - [Kamala Harris Recommits US' Dominance in Blockchain](https://news.shib.io/2024/09/26/harris-champions-blockchain-to-reclaim-u-s-tech-leadership/): Standing before a captivated audience at The Economic Club of Pittsburgh, Vice President Kamala Harris unveils a sweeping vision to restore America’s preeminence in blockchain, AI and technologies. In a departure from her previous campaign rhetoric, Harris pledges that under her leadership, the United States will “recommit” to global dominance in these transformative sectors. In a recent speech, the Democratic presidential nominee, declared, “I will recommit the nation to global leadership in the sectors that will define the next century. We will invest in biomanufacturing and aerospace, remain dominant in AI and quantum computing, blockchain, and other emerging technologies.” These - [Bitcoin, A First Amendment Battleground: Is it Money, Or Is It Speech?](https://news.shib.io/2024/09/26/bitcoin-a-first-amendment-battleground-is-it-money-or-is-it-speech/): In the hushed halls of the Supreme Court and the bustling server farms where Bitcoin is mined, a novel constitutional clash is brewing. The question at hand: Is BTC merely a digital currency, subject to the whims of government regulation, or is it, as the New York Digital Investment Group (NYDIG) forcefully argues, a form of speech protected by the First Amendment? The New York Digital Investment Group (NYDIG), a technology and financial services firm dedicated to BTC for institutions, private clients, and banks, in a meticulously researched report, threw down the gauntlet. It asserted that “Bitcoin is free speech - [Shiba Inu: Analyst Predicts Explosive Price Gains](https://news.shib.io/2024/09/26/shiba-inu-to-witness-more-aggressive-increases-says-analyst/): Shiba Inu, the meme-coin that captured the attention of retail investors and day traders alike, is steadily climbing, bolstering predictions of a more substantial price surge.  This measured ascent, while not as meteoric as some anticipated, ignited renewed interest in the cryptocurrency, particularly following a Wednesday post by crypto analyst Crypto Sheriff (@Gem_Sheriff on X). Shiba Inu Price Action Crypto Sheriff, known for their market insights, declared, “#SHIB is rising in line with my expectations! Although the upward movements are not as sharp as I expected at the moment, we will soon witness more aggressive increases!” Accompanying the tweet was - [The Shib Crypto Recap: Wednesday](https://news.shib.io/2024/09/25/the-shib-crypto-recap-wednesday/): In a world where cryptocurrencies once promised innovation and financial freedom, today’s headlines paint a more troubling picture, featuring tales of fraud, illicit drug distribution networks, and the numerous legal and ethical dilemmas surrounding various crypto ventures. Additionally, the intersection of artificial intelligence (AI) with this sector continues to garner attention, while the FTX saga remains an ever-evolving story. Together, these reports underscore the volatility and unpredictability inherent in the crypto space, prompting concerns about the safety and security of users. Stablecoin Fraud and Other Crypto-Related Crimes on the Rise The SEC has penalized crypto company TrueCoin LLC and financial - [Bridging the Gap](https://news.shib.io/2024/09/25/bridging-the-gap/): Read the latest edition of The Shib magazine here. - [Researchers Successfully Bypass Google’s reCAPTCHA v2 Using AI](https://news.shib.io/2024/09/25/researchers-successfully-bypass-googles-recaptcha-v2-using-ai/): Researchers from ETH Zurich have successfully bypassed Google’s reCAPTCHA v2 security system using advanced machine learning techniques.  Their study, published on September 13, revealed that the AI system used was able to solve 100% of the CAPTCHA challenges designed to distinguish between humans and bots. The process involved a similar number of attempts to those made by human users, marking a major development in the challenge of securing websites from automated bots. CAPTCHA, short for Completely Automated Public Turing test to tell Computers and Humans Apart, is a widely used security measure to prevent bots from accessing websites. reCAPTCHA v2, - [Exclusive Interview: Unlocking Blockchain with Fiat On-Ramps – A Conversation with Suraj Sharma](https://news.shib.io/2024/09/25/fiat-on-ramps-exclusive-interview-a-conversation-with-suraj-sharma/): While the blockchain world continues to evolve, the bridge between traditional finance and decentralization remains a critical challenge. Fiat on-ramps, the gateways to this bridge, play a pivotal role in driving mainstream adoption. In this exclusive interview, Suraj Sharma, a tech policy expert with a deep understanding of both the traditional and decentralized financial systems, shares his insights on the challenges and opportunities surrounding fiat on-ramps. The Shib: What are the key technological challenges and opportunities in developing and implementing efficient fiat on-ramps for blockchain platforms? Sharma: “Connecting traditional banking systems with decentralized blockchain platforms is the main technological hurdle. - [MoneyGram Confirms Cybersecurity Issue Behind Ongoing Outage](https://news.shib.io/2024/09/25/moneygram-confirms-cybersecurity-issue-behind-ongoing-outage/): MoneyGram has confirmed that a cybersecurity issue is behind the ongoing outage affecting its services.  In a statement on Monday, the Dallas-based company revealed that a cybersecurity incident had impacted some of its systems, leading to significant disruptions. The outage was first reported last Friday, and users across multiple regions have continued to experience difficulties accessing MoneyGram’s services. According to the company, upon detecting the issue, it immediately initiated an investigation and took precautionary steps, including taking systems offline. This action resulted in network connectivity problems, affecting both online and in-person transactions. MoneyGram stated that it is collaborating with law - [The Future of Fiat On-Ramps: An Exclusive Interview with InvestaX CEO](https://news.shib.io/2024/09/25/fiat-on-ramps-an-exclusive-interview-with-investax-ceo/): The bridge connecting traditional finance to the decentralized world, fiat on-ramps are crucial for the mainstream adoption of blockchain technology. But what are the challenges and opportunities surrounding these gateways? How can regulations be optimized to foster innovation while ensuring compliance? This exclusive interview with Julian Kwan, a serial entrepreneur and blockchain expert, delves into these critical questions and explores the future of fiat on-ramps. The Shib: What are the key technological challenges and opportunities in developing and implementing efficient fiat on-ramps for blockchain platforms? Kwan: Significant challenges in developing and implementing efficient fiat on-ramps for blockchain platforms include: Banking - [Early Ethereum Investor Moves Millions After 837,964% Gains, Sends ETH to Kraken](https://news.shib.io/2024/09/25/early-ethereum-investor-moves-millions-after-837964-gains-sends-eth-to-kraken/): An early Ethereum investor, inactive for several years, has recently moved a large portion of their holdings.  Blockchain tracking firm Lookonchain reports that this whale participated in Ethereum’s 2014 initial coin offering (ICO), acquiring 150,000 ETH at the Genesis block. The initial investment, which cost $46,500, is now valued at approximately $389.7 million, implying an increase of 837,964%. After over two years of inactivity, the investor transferred 3,510 ETH, valued at $9.12 million, to the Kraken crypto exchange. Another Whale Profits From Strategic Ethereum Trades Lookonchain also reported a second Ethereum investor who made significant profits by accumulating Ethereum during - [Crypto-Funded Drug Ring Dismantled by South Korean Authorities](https://news.shib.io/2024/09/25/crypto-funded-drug-ring-dismantled-by-south-korean-authorities/): South Korea’s Narcotics Crime Investigation Unit has dismantled a drug distribution network that used cryptocurrency to facilitate illicit transactions. The recent arrest of a 33-year-old methamphetamine distributor underscores the growing intersection between virtual assets and criminal activities. It also highlights the challenges faced by authorities in regulating this emerging financial landscape. Korean media outlet kbc NEWS reported that the police charged six individuals in their 20s and 40s. These people allegedly purchased and used methamphetamine, referring them to prosecution on similar charges.  Crypto-Funded Drug Ring Exploits Anonymity The arrested individual, identified only as A, is said to have conspired with a - [Worldcoin Faces Legal Scrutiny and Ethical Concerns Amid Declining Interest](https://news.shib.io/2024/09/25/worldcoin-faces-legal-scrutiny-and-ethical-concerns-amid-declining-interest/): Worldcoin, an ambitious cryptocurrency project, is facing significant legal and ethical challenges. The company has attracted millions in investment but now finds itself under investigation for potential violations of GDPR (General Data Protection Regulation). This is purportedly due to its handling of biometric data and eyeball scanning.  As per DLNews, the core issue revolves around Worldcoin’s business model, which involves scanning users’ irises to create a unique digital identity called WorldID. In return, users receive WLD tokens, the project’s cryptocurrency.  However, authorities have raised concerns about how this biometric data is collected and stored. These things have also led to - [Banana Gun Suffers $3M Loss in Recent Cyber Attack](https://news.shib.io/2024/09/25/banana-gun-suffers-3m-loss-in-recent-cyber-attack/): Decentralized finance (DeFi) protocol Banana Gun recently fell victim to an attack resulting in a $3 million loss.  The platform made the announcement on X on Wednesday.  The attack targeted high-profile users, including smart money traders and crypto veterans, exploiting a potential vulnerability in the Telegram message oracle used by the platform.  A total of 11 users were affected, with funds being manually transferred from their wallets while they interacted with Banana Gun’s bots on both EVM and Solana blockchains. The Shib Daily initially reported about this news Friday, back then citing a $1.9 million loss. “After a thorough investigation - [Mark Cuban Says Kamala Harris Opposes SEC's Litigation-Based Regulation](https://news.shib.io/2024/09/25/mark-cuban-says-kamala-harris-opposes-secs-litigation-based-regulation/): Billionaire investor Mark Cuban does not mince words in saying that Kamala Harris’ presidential campaign is against “regulation through litigation,” which contrasts with the current approach of the U.S. Securities and Exchange Commission (SEC) under Chair Gary Gensler.  Cuban shared his thoughts following the SEC Chair’s recent testimony at a House Financial Services Committee hearing, where Gensler faced questioning about his approach to regulating cryptocurrencies. Cuban posted videos from the hearing on X, including a moment where Representative Ritchie Torres (D-N.Y.) asked Gensler to explain the difference between buying a ticket to a Yankees game and purchasing a non-fungible token - [OpenAI Proposes Large-Scale Data Centers to Support AI Development](https://news.shib.io/2024/09/25/openai-proposes-large-scale-data-centers-to-support-ai-development/): OpenAI has proposed the construction of massive data centers in the United States to support the growing demand for artificial intelligence technologies.  According to a Bloomberg report, the company shared a document with the Biden administration outlining plans for data centers requiring up to 5 gigawatts (GW) of power. This is equivalent to the output of five nuclear reactors, or enough energy to supply nearly 3 million homes. The proposal followed a recent meeting between OpenAI CEO Sam Altman and government officials at the White House. The plan includes an economic analysis, suggesting that the data centers would create tens - [SEC Penalizes TrueCoin and TrustToken for Fraudulent TUSD Sales](https://news.shib.io/2024/09/25/sec-penalizes-truecoin-and-trusttoken-for-fraudulent-tusd-sales/): The Securities and Exchange Commission (SEC) on Tuesday imposed hefty penalties on TrueCoin LLC and TrustToken Inc. for their fraudulent and unregistered sales of investment contracts tied to the purported stablecoin TrueUSD (TUSD).  In a complaint filed with the U.S. District Court for the Northern District of California, the SEC reported that TrueCoin and TrustToken engaged in an unregistered offer between November 2020 and April 2023. It also alleged the sale of investment contracts through TUSD and profit-making opportunities on TrueFi. The companies purportedly marketed TUSD as a safe and trustworthy investment, claiming that US dollars or their equivalent backed - [Top Crypto Trends 2024: AI, DeFi, MEME, L2 Dominate; Chain Abstraction Surges](https://news.shib.io/2024/09/25/top-crypto-trends-2024-ai-defi-meme-l2-dominate-chain-abstraction-surges/): Cryptocurrency narratives were primarily driven by four key topics this year, according to analytics platform Kaito AI research. From January through August 2024, artificial intelligence (AI), decentralized finance (DeFi), memecoins (MEME), and layer-2 solutions (L2) secured the top spots in terms of crypto trends mindshare. AI maintained its stronghold, remaining a focal point among crypto enthusiasts. Investors are increasingly interested in AI’s potential to transform industries and create innovative use cases within the blockchain realm.  Projects like SingularityNET and Fetch.ai exemplify AI’s integration with cryptocurrencies, offering decentralized marketplaces for AI services and autonomous agents that can perform complex tasks. DeFi - [Ex-FTX Co-CEO Turns on Caroline Ellison, Defending Former Boss](https://news.shib.io/2024/09/25/ellison-ex-ftx-co-ceo-turns-on-caroline-defending-former-boss/): As Caroline Ellison faced sentencing for her role in the FTX collapse, former FTX digital Markets co-CEO Ryan Salame took to X (formerly Twitter) not to offer condolences, but to deflect blame and defend former boss Sam Bankman-Fried (SBF). In a series of tweets, Salame pointedly claimed that Ellison, not SBF, was the one who directed him to make political contributions. “Quick reminder that between SBF and Caroline, only one of them ever directly asked me to make a political contribution and it was Caroline,” he wrote, adding in a separate tweet, “you can ask people to make donations, that’s - [The Shib Crypto Recap: Tuesday](https://news.shib.io/2024/09/25/the-shib-crypto-recap-tuesday/): The crypto world is rarely a tranquil place, but Tuesday’s news cycle brought a particularly intense wave of developments, highlighting the ongoing challenges and opportunities shaping the future of digital assets. From sophisticated cybercrime operations to high-stakes legal battles and legislative efforts to protect consumers, the day’s headlines underscored the dynamic and often unpredictable nature of this rapidly evolving industry. Cybercriminals Target Crypto Users with Increasing Sophistication A new report from cybersecurity firm Insikt Group exposed a sophisticated cybercriminal operation dubbed “Marko Polo,” responsible for over 30 unique scams targeting cryptocurrency users, influencers, and tech professionals globally. The group employed - [Bitwise CIO Says Top Financial Advisors Are Increasingly Allocating to Crypto](https://news.shib.io/2024/09/24/bitwise-cio-says-top-financial-advisors-are-increasingly-allocating-to-crypto/): Bitwise Chief Investment Officer Matt Hougan has pointed to an increasing trend of financial advisors investing in crypto assets within their personal portfolios.  In a memo to clients on Tuesday, Hougan discussed his observations from the Barron’s Advisor 100 Summit in Palm Beach, Florida, where he delivered a keynote speech. He noted a shift in attitudes toward Bitcoin and other crypto assets among key figures in the finance industry. “A wave of the most powerful people in finance are finally allocating to crypto,” Hougan said, reflecting on the summit.  He had asked attendees how many owned Bitcoin or other crypto - [Telegram Makes Controversial Change to Privacy Policy Following CEO's Arrest](https://news.shib.io/2024/09/24/telegram-makes-controversial-change-to-privacy-policy-following-ceos-arrest/): Telegram has announced significant changes to the platform’s security and privacy policies.  The changes involve handing over users’ IP addresses and phone numbers to authorities upon valid legal requests. This is particularly true in cases involving criminal activities that violate Telegram’s Terms of Service. The move has sparked widespread concern among privacy advocates and users of the popular messaging app. The announcement comes on the heels of Telegram founder and chief executive Pavel Durov’s recent arrest in France. His arrest raised questions about whether external pressures influenced his decision.  “If any data is shared, we will include such occurrences in - [US Court Questions SEC’s Denial of Coinbase Crypto Rulemaking Request](https://news.shib.io/2024/09/24/us-court-questions-secs-denial-of-coinbase-crypto-rulemaking-request/): It appears that the U.S. Court of Appeals for the Third Circuit is not sold on the Securities and Exchange Commission’s (SEC) decision to deny Coinbase’s request for crypto rulemaking. Coinbase filed a petition in July 2022 asking the SEC to establish rules to govern securities traded through digital methods. The SEC denied the request in late 2023, leading Coinbase to ask the court to compel the regulator to provide a more detailed response. Judges Criticize Lack of Explanation on Coinbase Decision During the hearing on Monday, Judge Thomas Ambro criticized the SEC’s limited reasoning for denying Coinbase’s petition. “There’s - [Sweden Classifies Certain Crypto Exchanges as Money Launderers](https://news.shib.io/2024/09/24/sweden-classifies-certain-crypto-exchanges-as-money-launderers/): Sweden’s Financial Intelligence Unit (FIU) and the Swedish Police Authority have categorized certain cryptocurrency exchanges as “professional money launderers (PML)” after an analysis of unlicensed and illegal providers. According to the FIU, these PMLs are linked to criminal activities and help facilitate systematic money laundering for various individuals and criminal networks. According to the Swedish Financial Intelligence Unit, the Pakistan Muslim League has connections with criminal elements. It also plays a role in enabling organized money laundering activities for both individuals and criminal organizations. The FIU report identified four profiles for these PMLs: the node exchange provider, the hawala exchange - [CFTC Orders William Koo Ichioka to Pay $31M to Fraud Victims, $5M Fine](https://news.shib.io/2024/09/24/cftc-orders-william-koo-ichioka-to-pay-31m-to-fraud-victims-5m-fine/): The Commodity Futures Trading Commission (CFTC) last week announced significant monetary relief against William Koo Ichioka for acts of fraud. Judge Vince Chhabria of the U.S. District Court for the Northern District of California issued the order mandating Ichioka to pay $31 million in restitution to victims of fraud. Along with this, he faces an additional $5 million civil monetary penalty. The decision follows an initial consent order entered by the court on Aug. 14, 2023. That order prohibited Ichioka from committing future violations of the Commodity Exchange Act (CEA) and CFTC regulations. It also banned him from trading in - [Family Offices' Crypto Optimism Doubles to 17%](https://news.shib.io/2024/09/24/family-offices-crypto-optimism-doubles-to-17/): The percentage of family offices optimistic about cryptocurrencies has doubled, rising from 8% in 2023 to 17% this year, according to a recent Citibank report. The preferred method was direct investment.  Wu Blockchain, the blockchain analytics platform, reported this development on X on Tuesday.  Citi’s “Global Family Office 2024 Survey Report highlighted that digital asset interest continues to grow, with both large and small family offices showing similar enthusiasm. It wrote that approximately 25% of respondents have either already invested in digital assets or plan to do so. The early adopters segment, currently at 17%, is expected to expand in - [Polymarket Predicts No Prison Time for Ex-Alameda CEO Caroline Ellison](https://news.shib.io/2024/09/24/polymarket-predicts-no-prison-time-for-ex-alameda-ceo-caroline-ellison/): Caroline Ellison, the former CEO of Alameda Research, is scheduled to be sentenced today in New York for her involvement in the collapse of FTX. Despite pleading guilty to fraud and money laundering charges in December 2022, many on the Polymarket platform are betting that she will avoid prison time. As of Monday, 43% of bettors on the platform predicted no jail time for Ellison. The bets reflect varying opinions, with 19% of Polymarket users predicting a sentence between 1 and 11 months, and 28% estimating a sentence of 12 to 23 months. Polymarket allows participants to purchase shares in - [Ireland Partners with EU on Crypto Regulations Under MiCA](https://news.shib.io/2024/09/24/ireland-partners-with-eu-on-crypto-regulations-under-mica/): Ireland is working closely with its European Union partners to align with the Markets in Crypto-Assets Regulation (MiCA), according to Derville Rowland, deputy governor of the Central Bank of Ireland.  “For the first time, MiCA will introduce a harmonized regulatory framework for the sector that introduces prudential and conduct obligations for issuers of e-money tokens, asset-referenced tokens, and for crypto-asset service providers,” Rowland stated on Monday. She added that the regulation also imposes obligations for public offers of crypto-assets that are not classified as asset-referenced or e-money tokens. Deputy Governor Rowland delivered a keynote address, this afternoon, at @AFME_EU 8th - [Bipartisan Bill Aims to Empower Law Enforcement Against Financial Fraud](https://news.shib.io/2024/09/24/bipartisan-bill-aims-to-empower-law-enforcement-against-financial-fraud/): The Digital Chamber (TDC) has endorsed the bipartisan introduction of the “Empowering Law Enforcement to Combat Financial Fraud Act.”  TDC made the announcement via their blog last week as part of a greater goal to combat financial crime. Led by Representatives Nunn, Gottheimer, and Fitzgerald, this legislation is crucial in battling growing threats, especially those targeting vulnerable populations like senior citizens. As blockchain and digital assets evolve, so do fraudulent tactics exploiting these technologies. The Act addresses the urgent need for clear guidelines and enhanced resources. It also talks about better tools for law enforcement agencies at State, local, and - [Flappy Bird Returns with a Web3 Twist, No Wallets or NFTs Required](https://news.shib.io/2024/09/24/flappy-bird-returns-with-a-web3-twist-no-wallets-or-nfts-required/): Flappy Bird, the viral sensation that captivated millions on Monday announced it is returning in a new avatar. The revamped game will offer optional Web3 integration without requiring any wallet connections or NFTs. Last week, The Shib Daily reported that Dong Nguyen, the creator of the game officially confirmed he is not involved in the game’s upcoming re-release. In a recent post on X, Nguyen emphasized his lack of connection to the project. He also made it clear that he does not endorse cryptocurrency. This marks Nguyen’s first public statement on X since 2017. His message distances him from the - [Arthur Hayes Doubles Down on Meme Coins: 'Dogshit' But Still Worth Trading](https://news.shib.io/2024/09/24/arthur-hayes-doubles-down-on-meme-coins-dogshit-but-still-worth-trading/): Arthur Hayes, the outspoken co-founder of BitMEX, isn’t shying away from his love of meme coins, even if he calls them “dogshit.” The co-founder tweeted on Monday, mentioning Bitcoin’s performance and hinting at trading dog-themed meme coins like Shiba Inu. .@IGGYAZALEA can you be my $MOTHER? I was wrong $JPY weakening, $BTC held up well over the weekend. LFG, and let the good times roll. Time to trade some dogshit meme coins. — Arthur Hayes (@CryptoHayes) September 23, 2024 However, his remark followed his public endorsement of Shiba Inu (SHIB) in March 2024, highlighting his growing focus on meme coins. - [Bitcoin Hashrate: US Mining Power Surges, Closing Gap with China](https://news.shib.io/2024/09/24/bitcoin-hashrate-us-mining-power-surges-closing-gap-with-china/): The landscape of Bitcoin mining is undergoing a seismic shift, with U.S. mining companies steadily gaining ground and challenging the long-held dominance of Chinese pools.  According to Ki Young Ju, founder and CEO of on-chain analytics firm CryptoQuant, the balance of power in Bitcoin’s hashrate is tilting towards the West, signaling a potential turning point for the industry. “Bitcoin hashrate dominance is shifting to U.S. mining companies,” Ju said in a recent post on X (formerly Twitter). His analysis revealed a notable trend: while Chinese mining pools still command a significant 55% of the network’s hashrate, U.S. pools are rapidly - [LEASH Surges Double Digits, Defying Expectations](https://news.shib.io/2024/09/24/leash-on-the-loose-defies-expectations-with-double-digit-surge/): Shiba Inu’s Doge Killer LEASH is on a tear, unleashing its power and defying expectations with a ferocious double-digit surge that has the crypto world buzzing.  As of late night Monday ET, LEASH is trading at $307.83, a remarkable 11.81% increase over the past 24 hours. This surge propelled its market cap to $32,745,174, signaling a potential turning point for the token. LEASH Price Action The recent price action, fueled by a surge in trading volume, which saw a 46.50% increase in the past 24 hours, reaching $1,985,056. This underlined strong buying pressure and a renewed interest in the Doge - [AI Giant OpenAI Falls Victim to Cryptocurrency Scam](https://news.shib.io/2024/09/24/openai-falls-victim-to-cryptocurrency-scam/): The irony was almost poetic. OpenAI, the company that brought us ChatGPT, the AI marvel capable of crafting human-quality text and navigating the digital world with astonishing fluency, fell victim to a decidedly low-tech scam: a cryptocurrency hustle on X, formerly known as Twitter.  The incident, which unfolded Monday evening, exposed a vulnerability not in OpenAI’s sophisticated algorithms, but in the human element that still underpins even the most advanced technology. The attack was brazen in its simplicity.  OpenAI’s official X account, suddenly began promoting a fictitious crypto asset dubbed “$OPEANAI.” The tweet, now deleted, lured unsuspecting users with promises - [Marko Polo Cybercrime Group Runs Sophisticated Scams, Stealing Millions from Crypto Users](https://news.shib.io/2024/09/23/scams-marko-polo-cybercrime-group-targets-crypto-users-with-sophisticated-scams-stealing-millions/): Using a variety of sophisticated scams, cybersecurity firm Insikt Group unveils a sophisticated cybercriminal operation dubbed “Marko Polo” that has compromised tens of thousands of devices globally, leading to millions of dollars in stolen funds, particularly from cryptocurrency users.  Scams: Social Engineering and a Web of Deception The group, believed to be operating out of the post-Soviet states, employs a diverse toolkit of infostealer malware and social engineering tactics to target individuals and organizations across the gaming, tech, and cryptocurrency sectors. Marko Polo’s primary method of attack is spearphishing, often through social media platforms like Discord and OpenSea. Posing as - [The Shib Daily Crypto Recap: Monday](https://news.shib.io/2024/09/23/crypto-recap-monday-the-shib-daily/): The crypto world is rarely calm, but today, the currents of regulation are swirling with particular intensity. From Australia to Argentina, governments are grappling with how to navigate the complexities of digital assets, while legal battles in the U.S. threaten to reshape the very definition of what constitutes security in the crypto space. Here is a rundown of the key developments shaping the crypto landscape Monday. Governments Grapple with Rise of Crypto Regulators around the world are tightening their grip on the crypto industry, seeking to balance innovation with consumer protection. In Australia, the Australian Securities and Investments Commission (ASIC) announced - [‘Digital Asset Security’: Was the Term Made Up by the SEC?](https://news.shib.io/2024/09/23/digital-asset-security-was-the-term-made-up-by-the-sec/): The term “digital asset security” has recently come under scrutiny, with critics questioning its origins and legitimacy. They argue that this term, seemingly conjured by the Gary Gensler-led Securities and Exchange Commission (SEC), may have emerged more from a desire to regulate than from any well-defined legal basis. This raises a critical question: did the SEC fabricate a term to tighten its grip on digital assets or is there a substantive legal framework that supports this classification? As regulators seek to impose structure on a sector that requires more regulation, the implications of such terminology could have far-reaching consequences for - [SEC Appeals Ripple Ruling, Seeks XRP Classified as Unregistered Security](https://news.shib.io/2025/01/16/sec-appeals-ripple-ruling-seeks-xrp-classified-as-unregistered-security/): The U.S. Securities and Exchange Commission (SEC) has officially appealed a July 2023 court ruling that partially favored Ripple Labs, continuing its legal fight with the tech company. On Wednesday, the SEC submitted an opening brief to the U.S. Court of Appeals for the 2nd Circuit, aiming to reverse a previous ruling that determined Ripple’s digital currency, XRP, should not be classified as a security when sold to retail investors. In its filing, the SEC referred to the Howey Test, asserting that Ripple’s marketing activities led investors to expect profits, thereby classifying XRP as an investment contract. The Howey Test - [Pump.fun Sued Over Investor Losses and Alleged Scams](https://news.shib.io/2025/01/16/pump-fun-sued-over-investor-losses-and-alleged-scams/): Burwick Law, a cryptocurrency-focused legal firm, has filed a lawsuit against the Solana-based platform Pump.fun, representing investors who allege significant financial losses due to the platform’s meme coin trading operations. The firm confirmed its plans to sue the platform in an X post. “Burwick Law is pursuing legal action on behalf of investors in pumpdotfun meme coins. If you lost money on any pumpdotfun meme coins, you may be entitled to compensation,” they wrote.  Burwick Law said that its decision to take legal action comes after several months of collaborating with individuals who have suffered considerable financial losses from meme - [$TREAT Debuts: 'First FHE' Token on Mainnet, CEO Declares](https://news.shib.io/2025/01/15/treat-debuts-first-fhe-token-on-mainnet-ceo-declares/): Zama CEO Rand Hindi declares Shiba Inu’s $TREAT “one of the first FHE tokens to go into mainnet,” as the token debuts on six cryptocurrency exchanges. Shiba Inu’s $TREAT and its FHE Token Status On Tuesday, Shiba Inu Treat ($TREAT) became available on multiple cryptocurrency exchange platforms. Hindi, whose company, ZAMA, is a partner of Shiba Inu, emphasized the token’s importance in a recent post on X (formerly Twitter). “Like many, I initially thought of Shiba as a memecoin. It wasn’t until I read their manifesto and got deeper into their ecosystem that I realized what it really was: a - [Bitcoin Wallets Unlocked: Its Evolution and Emerging Features Redefining Security](https://news.shib.io/2025/01/15/bitcoin-wallets-unlocked-its-evolution-and-emerging-features-redefining-security/): As crypto expands globally, the need for secure and green Bitcoin Wallets has by no means been extra crucial. From conserving assets securely to facilitating transactions, Bitcoin Wallets have come a long way by adding layers of sophistication and stronger protection as time goes. This article explores the journey of Bitcoin Wallets and their evolving functions. Understanding Bitcoin Wallets Bitcoin Wallets are digital equipment designed to store, manipulate, and facilitate the alternative to Bitcoin and other cryptocurrencies. There are two main types: The Evolution of Bitcoin Wallets Bitcoin wallets have evolved significantly since their inception, incorporating advanced technologies and enhanced - [Tom Emmer Appointed Vice Chair of Crypto and AI Subcommittee](https://news.shib.io/2025/01/15/tom-emmer-appointed-vice-chair-of-crypto-and-ai-subcommittee/): House Majority Whip Tom Emmer has been appointed vice chairman of the House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence, placing him at the forefront of U.S. policymaking on emerging technologies. Committee Chairman French Hill announced the vice chairs and subcommittee assignments for the House Financial Services Committee in the 119th Congress on January 14. Established in 2023, the subcommittee is tasked with overseeing the advancement and application of cryptocurrency assets and financial technologies, as well as evaluating the role of artificial intelligence in financial services. “With active and knowledgeable Chairs and Vice Chairs leading our Subcommittees, we - [Trump Set to Sign New Crypto De-Banking Executive Orders](https://news.shib.io/2025/01/15/trump-set-to-sign-new-crypto-de-banking-executive-orders/): President-elect Donald Trump has potential plans to issue executive orders on crypto de-banking and banking policies upon taking office on January 20. As Trump prepares to return to the White House, he is anticipated to sign executive orders addressing crypto de-banking and reversing a policy that mandates banks classify digital assets as liabilities, according to The Washington Post. The policy originates from the Securities and Exchange Commission’s Staff Accounting Bulletin (SAB 121), issued in March 2022 under President Joe Biden’s administration, a directive that has faced pushback from the crypto sector. “The Trump team has made it very clear that - [CFTC Investigates Crypto.com Super Bowl Betting Contracts](https://news.shib.io/2025/01/15/cftc-investigates-crypto-com-super-bowl-betting-contracts/): The Commodity Futures Trading Commission (CFTC) has reportedly begun an investigation into the legality of Crypto.com futures contracts, which permit users to place wagers on football games, including the highly anticipated Super Bowl. Bloomberg reports that the CFTC is holding a vote among its five commissioners to decide whether to initiate a 90-day review of Crypto.com’s futures contracts. The review would assess whether these contracts, which allow betting on football games, violate federal gaming laws, according to sources familiar with the situation. The regulatory agency has not yet decided whether the contracts listed on Crypto.com’s Chicago-based derivatives exchange breach laws - [SEC Sues Elon Musk Over Delayed Disclosure of Twitter Stock Purchase](https://news.shib.io/2025/01/15/sec-sues-elon-musk-over-delayed-disclosure-of-twitter-stock-purchase/): The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Elon Musk, accusing the X owner and CEO of not revealing his acquisition of more than 5% of Twitter’s stock in early 2022. In a January 14 filing, the lawsuit accuses Elon Musk of violating disclosure rules during his 2022 acquisition of Twitter shares, claiming he failed to disclose “he had acquired beneficial ownership” and underpaid by $150 million, thus breaching securities laws. Musk allegedly failed to file a required report to report his Twitter holdings within the 10-day deadline after surpassing a 5% stake in the company. - [Brad Pitt AI Scam Swindles French Woman Out of $850K Life Savings](https://news.shib.io/2025/01/15/brad-pitt-ai-scam-swindles-french-woman-out-of-850k-life-savings/): A 53-year-old French woman has fallen victim to a heartbreaking scam involving an AI-generated version of Brad Pitt, who duped her into believing they were in a romantic relationship. The Brad Pitt AI scam swindled her out of her life savings for supposed cancer treatment. Anne, an interior designer, explained that the scam began when she received a message from an account claiming to be Jane Etta Pitt, the mother of the Hollywood star. Pitt’s “mother” told Anne that she was exactly the type of woman her son needed. The following day, the AI-generated version of Pitt reached out to - [Everyone Deserves a TREAT](https://news.shib.io/2025/01/14/everyone-deserves-a-treat/): Read the latest edition of The Shib Magazine here. - [Senator Warren Tells Treasury Nominee To Be Ready for Questions at Confirmation Hearing](https://news.shib.io/2025/01/14/senator-warren-tells-treasury-nominee-to-be-ready-for-questions-at-confirmation-hearing/): U.S. Senator Elizabeth Warren has sent an open letter to Scott Bessent, nominee for Treasury Secretary, calling for stricter regulations and enforcement measures for digital assets before his confirmation hearing with the Senate Finance Committee. In a comprehensive 31-page letter dated January 12, Senator Warren raised several concerns regarding Bessent’s views on cryptocurrency regulation, financial deregulation, tax policies, and the challenges confronting smaller banks. Warren raised concerns about whether the Treasury’s Office of Foreign Assets Control (OFAC) should have the authority to regulate stablecoins to address risks such as money laundering and sanctions evasion. “Should AML/CFT and sanctions programs include - [SEC Must Justify Crypto Policy in Coinbase Legal Win](https://news.shib.io/2025/01/14/sec-must-justify-crypto-policy-in-coinbase-legal-win/): The U.S. Court of Appeals for the Third Circuit has delivered a partial victory to Coinbase in its ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC). The U.S. Appeals Court questioned the SEC’s rejection of Coinbase’s petition for cryptocurrency-specific regulations. The court called on the regulator to justify its decision, stating that the reasons provided for denying Coinbase’s request were insufficient.  In a court filing on January 13, the U.S. Appeals Court criticized the SEC’s rejection of Coinbase’s 2022 petition, describing it as “arbitrary and capricious.” The SEC had dismissed the petition in 2023 with a brief - [Trump Crypto Ball: $100K Tickets, $1M Dinner, Industry Influence](https://news.shib.io/2025/01/14/trump-crypto-ball-100k-tickets-1m-dinner-industry-influence/): The crypto industry has its eyes on the so-called Trump Crypto Ball, an event hosted by BTC Inc., along with Stand With Crypto, marking a significant moment for blockchain and digital innovation. The Inaugural Crypto Ball is set to take place three days prior to incoming U.S. President Donald Trump’s inauguration, which is scheduled for January 20. David Sacks, the newly appointed AI and Crypto Czar, is expected to host the event, which will feature several prominent industry leaders. However, Fox Business journalist Eleanor Terrett reports that Trump himself will not be attending. “Enjoy cocktails and hors d’oeuvres as we - [MicroStrategy Buys $243M in BTC, Total Holdings Reach 450K](https://news.shib.io/2025/01/14/microstrategy-buys-243m-in-btc-total-holdings-reach-450k/): MicroStrategy has continued to expand its Bitcoin (BTC) holdings for the tenth week in a row, purchasing 2,530 BTC at an average price of $95,972 per BTC. The company’s co-founder and executive chairman Michael Saylor announced the recent Bitcoin acquisition on X. The business intelligence firm now holds a total of 450,000 BTC. MicroStrategy has so far accumulated more than 2% of the total supply of Bitcoin, a strategy which Saylor spearheaded. Since launching his buy-and-hold approach in 2020, the chairman has significantly increased the company’s holdings, now valued at approximately $41 billion. The company is seeking to expand its - [FTX Sets January 20 Deadline for Repayments, Payouts Start in February](https://news.shib.io/2025/01/14/ftx-sets-january-20-deadline-for-repayments-payouts-start-in-february/): FTX, the collapsed cryptocurrency exchange, is returning over $1.2 billion to users who have been locked out of their funds for more than two years. FTX users who are entitled to up to $50,000 in digital assets must fulfill the necessary pre-distribution requirements by January 20 to qualify for repayment. Sunil, a well-known FTX creditor, has indicated that the exchange is expected to begin processing claims for amounts up to $50,000 after this deadline. The January 20 deadline coincides with President-elect Donald Trump’s inauguration. Some speculate that the upcoming repayments from FTX could inject significant capital into the crypto market, - [The Shib News Recap: Monday](https://news.shib.io/2025/01/13/the-shib-news-recap-monday-3/): This Monday, The Shib Daily brings you the latest news in the crypto sector, featuring insights from Shytoshi Kusama’s new podcast episode on Fully Homomorphic Encryption (FHE) and the innovative Shib Identity System. Other updates delve into the closure of a DeFi platform following a settlement with the U.S. Securities and Exchange Commission (SEC) and potential policy shifts as a result of the creation of a crypto subcommittee. Shytoshi Kusama Discusses FHE and Shib Identity System in Latest Podcast Episode Shytoshi Kusama’s podcast has revealed groundbreaking news: quantum-proof data security through FHE. In the latest episode, he introduced a new - [WFH Crypto Scam Steals Over $2M From New Yorkers, Lawsuit Filed](https://news.shib.io/2025/01/13/wfh-crypto-scam-steals-over-2m-from-new-yorkers-lawsuit-filed/): New York Attorney General Letitia James has filed a lawsuit against crypto scam perpetrators, aiming to recover more than $2 million in cryptocurrency stolen from individuals targeted by a complex remote job scheme. The scam operated by luring victims with text messages offering flexible, high-paying job opportunities. Once engaged, victims were directed to set up cryptocurrency accounts, deposit funds, and complete product reviews on fake websites designed to look like legitimate businesses. In the lawsuit, James asserts that the scammers convinced victims their deposits were only necessary to “legitimize” data, with no actual purchases involved. In return, they were promised - [Bessent to Divest Hedge Fund Assets if Confirmed as Treasury Head](https://news.shib.io/2025/01/13/bessent-to-divest-hedge-fund-assets-if-confirmed-as-treasury-head/): Scott Bessent, nominated by President-elect Donald Trump to be the next U.S. Treasury Secretary, has taken steps to divest key assets to avoid potential conflicts of interest. As Trump’s inauguration nears, Bessent revealed assets totaling at least $521 million, though the actual value is likely significantly higher.  A filing made public on January 11 by the U.S. Office of Government Ethics revealed Bessent’s assets, listing a range of values for each. The founder of Key Square Capital Management did not disclose exact values, with some assets simply listed as “over $50,000,000.” For instance, Bessent reported owning residential property in the - [Mango Markets Shuts Down After SEC Settlement and Legal Troubles](https://news.shib.io/2025/01/13/mango-markets-shuts-down-after-sec-settlement-and-legal-troubles/): Mango Markets, a decentralized finance (DeFI) platform, has decided to cease operations after reaching a settlement with the U.S. Securities and Exchange Commission (SEC) and facing ongoing legal challenges related to a 2022 exploit. On January 11, Mango Markets announced on its X account that it is shutting down, urging users to “close their positions” in light of the decision.  The announcement follows a settlement with the SEC, which had charged Mango’s decentralized autonomous organization (DAO) and Blockworks Foundation for the unregistered offer and sale of MNGO tokens.  As part of the settlement, Mango DAO agreed to pay $700,000 in - [Senate Forms Crypto Subcommittee with Cynthia Lummis as Chair](https://news.shib.io/2025/01/13/senate-forms-crypto-subcommittee-with-cynthia-lummis-as-chair/): The Senate Banking Committee, led by Republican Senator Tim Scott, has announced the creation of its first-ever crypto subcommittee, a move that comes just days after Republicans officially assumed control of the Senate last week. With Republicans now holding majorities in both the Senate and the House, President-elect Donald Trump is poised to begin his second term with a unified government. This shift gives the Republican Party a stronger position to push through crypto-friendly legislation in the coming term. This move signals Senate Republicans’ dedication to advancing legislation on digital assets and backing Trump’s campaign pledge to establish America as - [Few Traders See Big Gains as Pump.fun Revenue Nears $400 Million](https://news.shib.io/2025/01/13/few-traders-see-big-gains-as-pump-fun-revenue-nears-400-million/): Traders on Pump.fun, the decentralized platform for launching Solana-based meme coins, have reportedly been struggled to see significant profits, with only 0.4% of wallets earning $10,000 or more so far. Data from Dune analyst Adam Tehc revealed that out of the more than 13.4 million wallets on the platform, just 55,012 have generated profits of $10,000 or more. Additionally, only 294 wallets, or about 0.002% of the total, have profited more than $1 million. In response to the data from Tehc and Dune, pseudonymous on-chain analyst Alon dismissed the findings as FUD (fear, uncertainty, and doubt), citing several issues with - [Kusama Unveils Shib Identity System's Crucial Role in New Shib Network State](https://news.shib.io/2025/01/13/kusama-unveils-shib-identity-systems-crucial-role-in-new-shib-network-state/): The digital spotlight sharpens as Shytoshi Kusama, the visionary behind Shiba Inu, highlights the Shib Identity system’s crucial role within the Shib Network State.  This ambitious endeavor, revealed during the latest installment of Kusama’s limited-edition podcast titled “Meme Mania and the 36 Chambers of Tech,” seeks to redefine the very fabric of the internet. Kusama emphasized that the Shib Identity System is designed to move beyond simple financial applications and instead provides a complete method of identification for users on the system.  “So for us,” Kusama said, “we have Shib identity system. It is a decentralized identity system. And it - [Treasure Trove of Alphas: Kusama's Podcast Discusses Quantum-Proof Data Protection Via FHE Implementation](https://news.shib.io/2025/01/13/treasure-trove-of-alphas-kusamas-podcast-discusses-quantum-proof-data-protection-via-fhe-implementation/): Digital whispers morph into a roar as Shytoshi Kusama’s limited-edition podcast drops a bombshell: quantum-proof data security arrives via Fully Homomorphic Encryption (FHE), immediately disrupting the conversation around data protection.  The latest episode, released over the weekend, unveiled a potentially revolutionary new operating system. Kusama, the visionary behind the Shiba Inu ecosystem,  unraveled a new era for privacy on the web. FHE and Its Role in Data Protection Fully Homomorphic Encryption (FHE) is a cutting-edge cryptographic method that allows computations to be performed on encrypted data without decrypting it first. This means sensitive information can be processed and analyzed while - [Don't Fade on BONE, Shytoshi Kusama Explains Why](https://news.shib.io/2025/01/11/dont-fade-on-bone-shytoshi-kusama-explains-why/): What if a seemingly simple token held the keys to a technological revolution? Shytoshi Kusama explores this transformative potential in his newest blog post, revealing the expanded utility of BONE, Shiba Inu’s L2 gas fee token, directly challenging the FUD surrounding the token and positioning Shibarium as a key catalyst for blockchain innovation. Countering the FUD: Shytoshi on BONE and Community Relations Kusama’s blog post is framed as a direct response to what he characterizes as “FUD,” or Fear, Uncertainty, and Doubt, surrounding the BONE token, as hype mounts in the days leading to the launch of Shiba Inu Treat - [Shytoshi Kusama Blasts FUDders and Defends Shiba Inu Progress](https://news.shib.io/2025/01/11/shytoshi-kusama-blasts-fudders-and-defends-shiba-inu-progress/): In a fiery and impassioned episode of the Limited Edition podcast, Shytoshi Kusama, the visionary behind the Shiba Inu ecosystem, launched a scathing attack on critics he labeled as “fudders” (those spreading fear, uncertainty, and doubt). Kusama passionately defended the project’s progress, cited impressive statistics, and vowed to prove naysayers wrong. Shiba Inu in 2024: A Leading Crypto Asset The limited edition podcast, titled “Meme Mania and the 36 Chambers of Tech,” which aired first on Shib: The Metaverse, saw Kusama address what he described as a constant barrage of negativity despite Shiba Inu’s significant achievements. He highlighted the following: - [Shiba Inu Treat Token Airdrop: Are You Eligible and Ready for the Exchange Rush?](https://news.shib.io/2025/01/10/shiba-inu-treat-token-airdrop-are-you-eligible-and-ready-for-the-exchange-rush/): The highly anticipated Shiba Inu Treat (TREAT) token airdrop is now live, with an electric atmosphere surrounding its launch, as crypto communities worldwide prepare to confirm their eligibility and navigate the necessary steps to claim their TREAT tokens. For months, the Shiba Inu community has been buzzing with anticipation, and now, the wait is over. The long-expected airdrop has officially begun. Ready for the rush? How to Claim Your TREAT Tokens: The Details You Need to Know Here’s how you can get your hands on TREAT tokens: Shiba Inu has partnered with some of the biggest names in centralized exchanges - [Gary Gensler Firm On Anti-Crypto Stance as SEC Exit Looms](https://news.shib.io/2025/01/10/gary-gensler-firm-on-anti-crypto-stance-as-sec-exit-looms/): Outgoing U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has reiterated his skepticism of the cryptocurrency industry, emphasizing his view that it is largely fueled by market sentiment rather than fundamentals. In a January 8 interview with Bloomberg Television, Gensler expressed doubts about the long-term viability of many cryptocurrency projects. He emphasized the importance of implementing stricter regulations for altcoins and intermediaries operating within the digital asset market.  Gensler further noted that retail investors continue to face a lack of proper disclosures and access to critical information from companies in the industry.  Source: Bloomberg TV Throughout his time as - [Circle Donates $1M USDC to Trump’s Inaugural Committee](https://news.shib.io/2025/01/10/circle-donates-1m-usdc-to-trumps-inaugural-committee/): Circle, the global fintech company, has made a $1 million donation in USD Coin (USDC) to the Inaugural Committee of President-elect Donald Trump. On January 9, Circle CEO Jeremy Allaire took to X to announce the company’s donation. “We are excited to be building a great American company,” Allaire wrote. He also emphasized that the Committee’s acceptance of USDC payments reflects significant progress and underscores the growing potential and influence of digital currencies. USDC, a stablecoin developed by Circle, is pegged to the U.S. dollar, providing stability within the volatile cryptocurrency market. It is extensively utilized for trading, lending, and - [FTX Unaware of Backpack’s $32.7M Purchase of EU Arm](https://news.shib.io/2025/01/10/ftx-unaware-of-backpacks-32-7m-purchase-of-eu-arm/): FTX, the defunct cryptocurrency exchange, has released an official statement to recent claims from Backpack entities about their alleged acquisition of FTX EU. FTX clarified that it had no prior knowledge of Backpack Exchange’s January 7 announcement, asserting that the statement was made without its involvement. The exchange further emphasized that Backpack’s press release contained several inaccuracies that could confuse stakeholders. It reiterated that FTX Europe AG, a subsidiary of FTX, retains 100% ownership of FTX EU’s share capital. While there had been prior discussions about selling FTX EU to former FTX Europe insiders as part of a settlement, the - [From Screen to Scheme: Squid Game Crypto Scam Hits Close to Home](https://news.shib.io/2025/01/10/from-screen-to-scheme-squid-game-crypto-scam-hits-close-to-home/): Squid Game Season 2 has delved into the world of cryptocurrency scams, mirroring the real-life “rug pull” that unfolded shortly after Season 1’s successful release. The South Korean production marked the holiday season with its release shortly after Christmas Day. In the world of Squid Game Season 2, the $DALMATIAN coin emerges as a promising cryptocurrency, rapidly gaining traction through aggressive marketing and endorsements from prominent influencers. Notably, Lee Myeong-gi (Player 333), a former prominent cryptocurrency influencer known as “Amazing Myung-gi,” heavily endorsed the $DALMATIAN coin on his YouTube channel. Lee urged his followers to invest heavily, only for the - [UK Judge Rejects James Howells $770M Bitcoin Landfill Case Over Lost Hard Drive](https://news.shib.io/2025/01/10/uk-judge-rejects-james-howells-770m-bitcoin-landfill-case-over-lost-hard-drive/): Judge Keyser KC, the Circuit Commercial Judge for Wales, has dismissed the legal attempt of IT engineer James Howells to recover a $770 million Bitcoin (BTC) hard drive from a Newport landfill. The city council cited environmental permit restrictions as the reason for denying access. According to a January 9 BBC report, Judge Keyser ruled that Howells’ legal case had “no realistic prospect” of succeeding if it were to proceed to a full trial.  “The case being struck out at the earliest hearing doesn’t even give me the opportunity to explain myself or an opportunity for justice in any shape - [Shytoshi Kusama Reveals Why Success Of Shiba Inu Requires Patience and Precision](https://news.shib.io/2025/01/10/shytoshi-kusama-reveals-why-success-of-shiba-inu-requires-patience-and-precision/): While the crypto world races to the next viral trend, Shiba Inu’s visionary, Shytoshi Kusama, slows the pace, declaring that building revolutionary decentralized systems demands time and precision rather than hasty rollouts. Building the Future of Shiba Inu Speaking on his limited edition podcast, “Meme Mania and the 36 Chambers of Tech,” Kusama acknowledged that the full rollout of certain features took longer than initially anticipated. “I apologize that it took us as long as it did to finish everything, but really good tech takes time,” Kusama remarked.  This candid statement highlighted a philosophy that prioritizes thoroughness over speed. Kusama - [The Shib News Recap: Thursday](https://news.shib.io/2025/01/09/the-shib-news-recap-thursday-6/): This Thursday, our top headlines cover key discussions on the impact of certain developments in the crypto space on regulations, political influences, and legislative efforts. DOJ Cleared to Liquidate $6.5 Billion in Seized Bitcoin from Silk Road The U.S. Department of Justice (DOJ) has been approved to sell about 69,370 Bitcoin, worth $6.5 billion, seized from the Silk Road darknet marketplace. Chief U.S. District Judge Richard Seeborg denied a motion to halt the sale on December 30, 2024. Battle Born Investments, which claimed ownership of the Bitcoin, failed to block the sale after appealing in October 2024. The U.S. Marshals - [Oklahoma Senator Proposes Bitcoin Freedom Act to Tackle Inflation](https://news.shib.io/2025/01/09/oklahoma-senator-proposes-bitcoin-freedom-act-to-tackle-inflation/): Oklahoma State Senator Dusty Deevers has introduced the Bitcoin Freedom Act, a new legislation designed to offer Oklahomans alternative financial solutions amid growing inflation concerns. Senator Deevers stated in an X post that the proposed SB325 bill is designed to provide workers with the option to receive their wages in Bitcoin and enable businesses to accept the cryptocurrency for goods and services.  He emphasized that participation is voluntary, adding that the bill “respects free-market principles” and allows both employees and employers to select their preferred payment methods. “Inflation caused by reckless spending and money printing is eroding the purchasing power - [Ripple Execs Meet Trump Amid SEC Appeal](https://news.shib.io/2025/01/09/ripple-execs-meet-trump-amid-sec-appeal/): Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty have dined with President-elect Donald Trump at his Mar-a-Lago Resort, sparking speculation about potential talks on cryptocurrency regulation. “Great dinner last night with @realDonaldTrump & @s_alderoty,” Garlinghouse wrote in a post on his X account on January 8, alongside a photo of the trio. Alderoty joined in, reposting Garlinghouse’s picture with a lighthearted comment about how good the beef bourguignon was.  This meeting marks a significant moment for Ripple as the company navigates the evolving crypto ecosystem and regulatory shifts heading into 2025, while also continuing its pivotal legal battle - [Do Kwon Trial Set for Jan 2026 as Probe Into Emails, X Account Continues](https://news.shib.io/2025/01/09/do-kwon-trial-set-for-jan-2026-as-probe-into-emails-x-account-continues/): Judge Paul A. Engelmayer has set the criminal fraud trial for Do Kwon, the former CEO of Terraform Labs, for January 26, 2026 to allow time for processing six terabytes of discovery data. At a January 8 conference in Manhattan, prosecutors highlighted delays in the case, citing difficulties in reviewing evidence. They are working to decrypt four phones obtained from Montenegrin authorities and translate important documents from Korean. Prosecutors have outlined their discovery plans, which include requesting search warrants for Kwon’s email and X account.  During the collapse of the Terra ecosystem in 2022, Kwon frequently posted on X (formerly - [US Judge Orders Frank Ahlgren to Surrender Keys in $124M Case](https://news.shib.io/2025/01/09/us-judge-orders-frank-ahlgren-to-surrender-keys-in-124m-case/): Early cryptocurrency investor Frank Richard Ahlgren III has been ordered by U.S. District Judge Robert Pitman to hand over the private keys to his Bitcoin (BTC) wallet and other digital asset storage devices. The court order follows Ahlgren’s December 2024 conviction for tax fraud, which resulted in a two-year prison sentence. Ahlgren’s case holds particular significance as the first U.S. criminal tax evasion prosecution focused exclusively on cryptocurrency trading. Judge Pitman’s order goes beyond requiring access to Ahlgren’s crypto wallets. It prohibits him and his associates from transferring or concealing any digital assets without prior court approval. However, they are - [DOJ Approved to Sell $6.5B in Bitcoin Seized from Silk Road Case](https://news.shib.io/2025/01/09/doj-approved-to-sell-6-5b-in-bitcoin-seized-from-silk-road-case/): The U.S. Department of Justice (DOJ) has received approval to sell roughly 69,370 Bitcoin, valued at $6.5 billion, seized from the Silk Road darknet marketplace, resolving a lengthy ownership dispute. On December 30, 2024, Chief U.S. District Judge Richard Seeborg rejected a motion to prevent the forfeiture, siding with the DOJ’s request to sell the cryptocurrency assets. Private investment firm Battle Born Investments, which claimed ownership of the Bitcoin through a bankruptcy estate, was unsuccessful in blocking the sale after bringing an appeal in October 2024 challenging the seizure of the Bitcoin stash. The group had filed a Freedom of - [A New Breed Of Speed](https://news.shib.io/2025/01/09/a-new-breed-of-speed/): Read the latest edition of The Shib Magazine here. - [Backpack Exchange Buys FTX EU, Aims to Launch Euro Crypto Derivatives](https://news.shib.io/2025/01/08/backpack-exchange-buys-ftx-eu-aims-to-launch-euro-crypto-derivatives/): Backpack Exchange, the cryptocurrency platform founded by ex-FTX and Alameda Research employees, has completed the acquisition of FTX EU, the European division of the defunct FTX exchange. In a recent blog post, the platform confirmed that its acquisition of FTX EU was approved by both the FTX bankruptcy court and the Cyprus Securities and Exchange Commission (CySEC). This deal paves the way for Backpack to provide regulated crypto derivatives and additional financial products to users across Europe. Its new European branch will offer a variety of crypto derivatives, such as perpetual futures, addressing the void left by other exchanges exiting - [Ripple CEO Slams SEC, Calls $11B Valuation 'Outdated’](https://news.shib.io/2025/01/08/ripple-ceo-slams-sec-calls-11b-valuation-outdated/): Ripple CEO Brad Garlinghouse has stated that the company’s previous $11 billion valuation is now “outdated,” attributing the shift to a significant rise in XRP’s value and growing demand for Ripple’s blockchain solutions.  In an interview with Citizens JMP, Garlinghouse explained that firm’s updated valuation, now surpassing $100 billion, is driven not only by growing demand for the company’s blockchain solutions but also by the surge in XRP’s price. The XRP token was trading at $2.30 at the time of writing, according to data from CoinGecko.  The CEO pointed out that the company’s private market trading has been more affordable - [US CFTC Chair Rostin Behnam Resigns, Calls for Tighter Crypto Rules](https://news.shib.io/2025/01/08/us-cftc-chair-rostin-behnam-resigns-calls-for-tighter-crypto-rules/): Rostin Behnam, the chairman of the Commodity Futures Trading Commission (CFTC), has announced his departure after a seven-year tenure at the commission. During his term, Behnam led major enforcement actions and is now urging for stricter regulations on crypto. On January 7, Behnam confirmed that he will officially step down from his role at the CFTC on January 20. His departure coincides with that of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, who is also set to step down on the same date. Both officials have selected the final day of President Joe Biden’s administration as their last - [Reddit NFT Community On Edge After Bianca Wyler Departs](https://news.shib.io/2025/01/08/reddit-nft-community-on-edge-after-bianca-wyler-departs/): Bianca Wyler, the leader of the Collectible Avatars (RCAs) project at Reddit, has announced her exit from the company, leaving users worried about the future of the program and its place on the platform. “My role at Reddit has come to a close. While I am saddened by this transition, I am incredibly proud of the work I accomplished during my time there,” she wrote in a LinkedIn post on January 6, announcing her departure from the company. Bianca Wyler took the helm of the RCA project in June 2024, stepping into a challenging role as the NFT initiative grappled - [Judge Pauses SEC Case Against Coinbase, Sends It to Appeals Court](https://news.shib.io/2025/01/08/judge-pauses-sec-case-against-coinbase-sends-it-to-appeals-court/): Federal Judge Katherine Polk Failla of the Southern District of New York has granted the request of Coinbase for an interlocutory appeal. The decision effectively pauses the U.S. Securities and Exchange Commission’s (SEC) lawsuit against the crypto exchange. Judge Failla approved Coinbase’s request on Tuesday, paving the way for the case to advance to the Second Circuit Court of Appeals. This development is part of its broader effort to obtain clarity on the SEC’s position regarding the classification of digital assets as securities, an issue that is central to the ongoing legal dispute. The recent ruling marks a significant setback - [The Role of TREAT in Unlocking Web3’s Potential](https://news.shib.io/2025/01/08/the-role-of-treat-in-unlocking-web3s-potential/): Shiba Inu is betting on its TREAT token to simplify Web3, making it accessible to all. Guided by Shytoshi Kusama’s vision, the upcoming token aims to eliminate the complexity of blockchain, allowing everyday users to access advanced features without needing an in-depth understanding of crypto. TREAT: A Game-Changer for Web3 As blockchain technology evolves, one of the major challenges remains its complexity. For many, navigating decentralized systems can feel daunting, with a steep learning curve and technical jargon that keeps the average user at bay. Shiba Inu, however, is taking a radically different approach with its upcoming TREAT token, designed - [Shytoshi Kusama Reveals How Shiba Inu Is Evolving into the Shib Network State](https://news.shib.io/2025/01/08/shytoshi-kusama-reveals-how-shiba-inu-is-evolving-into-the-shib-network-state/): The enigmatic visionary of the Shiba Inu ecosystem, Shytoshi Kusama, asserts that the project has evolved beyond a mere meme coin, presenting a vision of the “Shib Network State” that leverages four core tokens, a global community, and a digital territory.  Defining the Shib Network State The recent episode of Kusama’s podcast, titled, “Meme Mania and the 36 Chambers of Tech,” revealed the ambition behind Shiba Inu, transforming it from a digital currency into a self-declared sovereign entity built on blockchain. According to Kusama, the Shiba Inu project, often dismissed as a meme-driven phenomenon, qualifies as a network state based - [The Shib News Recap: Tuesday](https://news.shib.io/2025/01/07/the-shib-news-recap-tuesday-3/): This Tuesday, The Shib Daily’s top headlines are about Shytoshi Kusama’s “Meme Thesis,” the ongoing financial harm caused by the collapse of blockchain platforms, and leadership shifts, along with their potential impact on crypto regulations. Shytoshi Kusama’s Focus on Utility Memes Shiba Inu lead visionary Shytoshi Kusama recently declared on his podcast titled “Meme Mania and the 36 Chambers of Tech” that viral fame has reached a dead end. He emphasized the need for memes to have utility and governance moving forward. Kusama showcased the Shiba Inu ecosystem, including SHIB, BONE, LEASH, and TREAT, as examples of how memes can - [Michael Saylor’s Bold Plan: Burn Bitcoin After Death to Boost Value](https://news.shib.io/2025/01/07/michael-saylors-bold-plan-burn-bitcoin-after-death-to-boost-value/): Michael Saylor, executive chairman of MicroStrategy, has suggested the controversial concept of “burning” the private keys of deceased Bitcoin holders to potentially boost its value over time. In the world of Bitcoin, “burning” refers to the irreversible destruction of coins or private keys, making them permanently inaccessible. Each Bitcoin wallet is protected by a private key, a cryptographic code that grants users access to their BTC. If the private key is lost or destroyed, the funds in that wallet are essentially locked away, removing them from circulation and reducing the overall supply. Saylor’s proposal suggests that burning Bitcoin keys after - [Bitwise CEO: New Admin Could Lead to Significant Crypto Changes](https://news.shib.io/2025/01/07/bitwise-ceo-new-admin-could-lead-to-significant-crypto-changes/): Hunter Horsley, the chief executive of Bitwise Asset Management, has expressed optimism that the economic policies of President-elect Donald Trump’s administration would significantly benefit the cryptocurrency sector in the coming year. In a January 6 X post, Horsley suggested that Trump’s incoming administration may facilitate the approval of mergers and acquisitions (M&As), which could drive the growth of major companies.  Horsley pointed out that companies like Amazon and Google could potentially acquire other large players, such as Instacart and Uber. Horsley noted that this could lead to the expansion of already dominant companies while causing smaller competitors to diminish.  “The - [Federal Reserve Vice Chair Michael Barr Resigns Amid Demotion Rumors](https://news.shib.io/2025/01/07/federal-reserve-vice-chair-michael-barr-resigns-amid-demotion-rumors/): Michael Barr, the United States Federal Reserve’s vice chairman for banking supervision, has announced his resignation amid discussions by President-elect Donald Trump’s advisers about potentially demoting him. In a letter to President Joe Biden, Barr stated that his resignation would take effect on February 28. Despite stepping down from the role, Barr confirmed he would continue serving as a member of the Federal Reserve Board.  The potential decision to demote him was expected to spark a legal confrontation, raising concerns about its implications for the agency’s independence from the executive branch. According to a source familiar with the matter, Scott - [Gemini by Winklevoss Twins Settles with CFTC for $5M](https://news.shib.io/2025/01/07/gemini-by-winklevoss-twins-settles-with-cftc-for-5m/): Gemini Trust Company, the digital asset exchange co-founded by Cameron and Tyler Winklevoss, has resolved its legal dispute with the Commodity Futures Trading Commission (CFTC) by agreeing to a $5 million settlement, bringing an end to the regulatory lawsuit. Court filings submitted on Monday show that the proposed settlement allows the exchange to avert a trial, which had been scheduled to start on January 21. Per a Bloomberg report, Gemini neither admitted nor denied any wrongdoing as part of the settlement agreement. In June 2022, the CFTC filed a lawsuit against Gemini Trust Company alleging that the exchange had provided - [Do Kwon Crypto Collapse May Have Affected Over a Million Victims](https://news.shib.io/2025/01/07/do-kwon-crypto-collapse-may-have-affected-over-a-million-victims/): U.S. prosecutors have estimated that Do Kwon, the former co-founder of Terraform Labs, may have more than one million victims worldwide following the crash of the South Korean blockchain company.  In a January 6 filing with the U.S. District Court for the Southern District of New York, Acting U.S. Attorney Daniel Gitner outlined the steps to notify Kwon’s victims about their rights in relation to his ongoing criminal case. Given the large number of affected individuals and organizations, the U.S. government intends to create a specialized website to provide updates, as alternative notification methods are deemed impractical. “The Government does - [Thailand on Edge: Missing Chinese Actor Found, Southeast Asia Scams and Tourism Fears](https://news.shib.io/2025/01/07/thailand-on-edge-missing-chinese-actor-found-southeast-asia-scams-and-tourism-fears/): A real-life thriller is unfolding in Southeast Asia, where a missing Chinese actor, initially feared kidnapped into a notorious Myanmar scam center, has been located, prompting Thai authorities to scramble in response. This case highlights the growing threat of Southeast Asia scams, which are increasingly targeting tourists and cryptocurrency investors in the region. The Missing Actor: A Startling Discovery The saga began when Wang Xing, who had arrived in Thailand for what he believed was a routine television shoot, went missing in Mae Sot, a border town adjacent to Myanmar. His girlfriend raised alarms, claiming that he had lost contact - [Shytoshi Kusama's 'Meme Thesis': Utility Takes Over Crypto](https://news.shib.io/2025/01/07/shytoshi-kusamas-meme-thesis-utility-takes-over-crypto/): A seismic shift is rippling through the crypto sphere, as Shytoshi Kusama, the enigmatic visionary of the Shiba Inu ecosystem, drops a “meme thesis” that dares to redefine the very essence of meme coins.  Meme Coins: A New Era Beyond the “Pump and Dump” In a recent episode of his limited edition podcast titled, “Meme Mania and the 36 Chambers of Tech,” Kusama boldly declared that viral fame is a dead-end; memes must now wield utility and governance to become lasting forces, not fleeting sparks in the digital ether. He argued that only those projects with long-term vision, like the - [Buterin Calls for AI Pause While Altman Focuses on Superintelligence](https://news.shib.io/2025/01/06/buterin-calls-for-ai-pause-while-altman-focuses-on-superintelligence/): In the race to shape the future of AI, two of the biggest names in tech—Vitalik Buterin and Sam Altman—have drawn battle lines. Buterin calls for a bold “pause,” while Altman dives headfirst into the development of superintelligence. Buterin’s Proposal: A “Soft Pause” to Curb Unchecked AI Advancement Buterin’s latest post rocked the Artificial Intelligence world. The Ethereum co-founder is sounding alarms over AI’s unchecked rise, proposing a radical “soft pause” on industrial-scale computing. His idea? Cut global computing power by 90-99% for one to two years, buying humanity time to catch up with the rapidly advancing tech. Buterin’s reasoning - [Kusama Reveals TREAT Role In Shiba Inu's Decentralized Treasury](https://news.shib.io/2025/01/06/kusama-reveals-treat-role-in-shiba-inus-decentralized-treasury/): Breaking from traditional crypto models, Kusama reveals the unique function of TREAT in Shiba Inu as a decentralized treasury, setting a new precedent for community-driven financial decision-making. TREAT: A Departure from Centralized Funding Shytoshi Kusama, the visionary leader of Shiba Inu, recently revealed the strategic role of the TREAT token in the Shiba Inu ecosystem during his limited edition podcast, Meme Mania and the 36 Chambers of Tech. Unlike conventional cryptocurrency projects that rely on centralized organizations for funding decisions, Kusama explained that the TREAT token would operate as a decentralized treasury, giving the Shiba Inu community more control over - [Trillions Traded, Bullish Shiba Inu Trend Emerges](https://news.shib.io/2025/01/06/trillions-traded-bullish-shiba-inu-trend-emerges/): A bullish trend emerges for Shiba Inu as trillions in trading volume pour in, suggesting a ripe moment for potential gains. Shiba Inu Shows Market Strength Data from financial services platform IntoTheBlock revealed the magnitude of the market’s recent activity, showcasing that trillions of Shiba Inu (SHIB) tokens have changed hands in the past week. On January 3, the network recorded a peak of 2.59 trillion SHIB transacted, highlighting an influx of capital into the SHIB ecosystem.  While the volume saw a temporary pullback to 1.09 trillion SHIB by January 5, the persistent high level of trading activity signifies a - [$345,000 Alleged Embezzlement By Bank Manager Highlights Crypto Self-Custody Advantage](https://news.shib.io/2025/01/06/345000-alleged-embezzlement-by-bank-manager-highlights-crypto-self-custody-advantage/): $345,000 allegedly vanishes amid forged documents and forced staff complicity. The FDIC’s action against a former bank manager highlights the critical need for financial security—self-custody, a core principle in the crypto space. The FDIC’s Order and Bank of Idaho’s Failure The Federal Deposit Insurance Corporation (FDIC) issued an Order of Prohibition from Further Participation (FDIC-24-0031e) against Jessica Ann Marshall, a former branch manager at Bank of Idaho. The order detailed Marshall’s alleged theft and embezzlement of $345,664.66, occurring between June 5, 2023, and September 18, 2023.  According to the FDIC document, Marshall “stole cash and embezzled funds from the Bank,” - [Trading Platform's Biggest Holding Is Shiba Inu, Not ETH Or BTC](https://news.shib.io/2025/01/04/trading-platforms-biggest-holding-is-shiba-inu-not-eth-or-btc/): A recent SEC filing has revealed a surprising trend on a popular trading platform: its users are collectively holding more Shiba Inu (SHIB) than either Ethereum (ETH) or Bitcoin (BTC), signaling a strong embrace of the meme coin phenomenon by mainstream investors. Shiba Inu Outpaces Bitcoin and Ethereum  The filing, a 15-12G/A form indicating beneficial ownership, details that Webull, a commission-free trading platform popular with retail investors, held a staggering $111,676,210 worth of Shiba Inu for its users as of December 31, 2022. This figure surpasses the platform’s holdings of Ethereum and Bitcoin, which stood at $102,949,973 and $79,375,901, respectively.  - [Shiba Inu Visionary Explains Importance of Self-Sovereign Identity](https://news.shib.io/2025/01/04/shiba-inus-kusama-explains-importance-of-self-sovereign-identity/): As data breaches and privacy concerns continue to plague the digital landscape, Shiba Inu visionary Shytoshi Kusama is championing self-sovereign identity (SSI) as a revolutionary solution, promising individuals complete control over their digital identities and data. In the third episode of his limited edition podcast, “Meme Mania and the 36 Chambers of Tech,” Kusama explored the concept of Self-Sovereign Identity (SSI), aiming to empower individuals by allowing them to manage their digital credentials and personal information without relying on intermediaries or centralized authorities. This approach stands in stark contrast to the current system, where personal data is often stored on - [Shiba Inu Visionary Envisions: Blockchain OS Reshaping Governance](https://news.shib.io/2025/01/04/shiba-inu-visionary-envisions-blockchain-os-reshaping-governance/): The very fabric of digital power seemingly shifts as Shiba Inu visionary, Shytoshi Kusama, shares his blueprint for a blockchain operating system, a revolutionary concept poised to reshape governance as we know it. Meme Mania and the 36 Chambers of Tech The idea, recently explored by Shiba Inu’s visionary Kusama in the third episode of the limited edition podcast titled “Meme Mania and the 36 Chambers of Tech,” introduced an ambitious plan that could redefine the way digital systems are governed. His vision for a blockchain operating system (OS) stemmed from the notion that traditional nation-states had their own operating - [The Shib News Recap: Friday](https://news.shib.io/2025/01/03/the-shib-news-recap-friday-4/): Today’s top cryptocurrency headlines are focused on developments affecting regulatory scrutiny, potential Bitcoin trends in 2025, and the biggest crypto heists in December 2024. Recent Developments That Can Impact Regulatory Shifts Since its launch in September, the Tron T3 Financial Crime Unit, in partnership with Tether and TRM Labs, has frozen $100 million in USDT. The unit focuses on detecting and preventing illegal activities involving the stablecoin. It has reviewed millions of transactions globally and recently tracked over $3 billion in USDT transactions. Investigations have uncovered connections to North Korean operatives, with around $3 million in USDT possibly funding the - [Shiba Inu Showing Bullish Momentum After Resistance Break, Analyst Predicts Further Surge](https://news.shib.io/2025/01/03/shiba-inu-showing-bullish-momentum-after-resistance-break-analyst-predicts-further-surge/): Shiba Inu (SHIB) is experiencing strong bullish momentum Friday, with the token breaking through a significant resistance level, signaling potential further price gains. According to cryptocurrency trader BitGuru, SHIB has set itself up for a continued upward trend, with a target price of $0.00002280 or higher in the near future. Shiba Inu Breaks Above Key Resistance Level According to a recent X post from trader BitGuru, “$SHIB is building strong bullish momentum after breaking resistance at $0.00002238, signaling a clear upward trend. The pullback near $0.00002266 looks temporary, as buyers maintain control.” He also stated, “I’m expecting another surge with - [Celsius Appeals Ruling That Blocked $444M Claim Against FTX](https://news.shib.io/2025/01/03/celsius-appeals-ruling-that-blocked-444m-claim-against-ftx/): Celsius Network, the now-defunct crypto lending platform, has filed an appeal following Judge John Dorsey’s dismissal of its claims for damages against FTX in its bankruptcy proceedings. On December 31, Mohsin Meghji, Celsius’ litigation administrator along with its affiliated debtors, submitted a notice of appeal challenging Judge Dorsey’s memorandum opinion and order. Dorsey’s ruling rejected Celsius’ claims for $444 million in damages from FTX. This decision is part of the ongoing bankruptcy process of the defunct crypto exchange, led by Sam Bankman-Fried, aimed at settling claims and repaying creditors. The platform has been seeking to recover hundreds of millions from - [Bitcoin Could Reach $225K by 2025 - Analyst](https://news.shib.io/2025/01/03/bitcoin-could-reach-225k-by-2025-analyst/): Mike Colonnese, an analyst at the investment bank and research firm H.C. Wainwright & Co., has predicted a significant rally for Bitcoin in 2025. He forecasts that the cryptocurrency’s price could rise to $225,000 by year’s end, driven by enhanced regulatory clarity and growing institutional involvement. According to a CNBC report, Colonnese’s forecast is part of a broader wave of Bitcoin price predictions that emerged following the 2024 U.S. presidential election, where President-elect Donald Trump claimed victory. “Based on our analysis of historical price cycles and recent price action, along with the widely-held expectation for a more favorable regulatory environment - [Tron and Tether Freeze $100M USDT in Crypto Money Laundering Crackdown](https://news.shib.io/2025/01/03/tron-and-tether-freeze-100m-usdt-in-crypto-money-laundering-crackdown/): The Tron T3 Financial Crime Unit, a collaboration with Tether and TRM Labs, has successfully frozen $100 million in USDT since its establishment in September. The crime unit has made significant strides in tackling illicit financial activities within the crypto sector, playing a key role in blocking suspicious funds and improving compliance. The unit is dedicated to detecting and preventing illegal activities related to the stablecoin. T3’s initiatives involved reviewing millions of transactions across five continents. In a recent update, the unit reported tracking over $3 billion in USDT transactions.  TRM Labs, using its blockchain intelligence tools, aids in identifying - [Terraform Labs' Do Kwon Faces New Money Laundering Charge](https://news.shib.io/2025/01/03/terraform-labs-do-kwon-faces-new-money-laundering-charge/): Terraform Labs co-founder Do Kwon has been hit with a new charge of money laundering, adding to the multiple felony charges he already faces following his extradition from Montenegro. Kwon was indicted on eight felony charges in 2023, all related to the collapse of the Terra ecosystem in 2022. These charges stemmed from allegations of fraud, securities violations, and market manipulation. A superseding indictment unsealed on January 2 in the U.S. District Court for the Southern District of New York has brought new allegations against Kwon. U.S. Attorney Damian Williams claims that Kwon conspired with others to engage in money - [Biggest Crypto Heists in December 2024: DeFi Breaches and Multi-Million Dollar Losses](https://news.shib.io/2025/01/03/biggest-crypto-heists-in-december-2024-defi-breaches-and-multi-million-dollar-losses/): Blockchain security firm PeckShield has reported that the crypto industry experienced 25 hacks in December 2024, marking a significant 71% decline compared to the previous month. In a post on X, the firm revealed that the 25 crypto heists led to a total loss of $24.7 million. PeckShield also noted that these attacks targeted various sectors, including decentralized finance (DeFi) platforms and exchanges. Chart data revealed a dramatic drop in monthly losses within the crypto industry, which had peaked earlier in 2024 at a high of $574.65 million in April.  The stolen funds were traced through a variety of transaction - [The Shib News Recap: Thursday](https://news.shib.io/2025/01/02/the-shib-news-recap-thursday-5/): 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 - [New Year's TREAT](https://news.shib.io/2025/01/02/new-years-treat/): Read the latest edition of The Shib Magazine here. - [Trump’s Proposed Bitcoin Reserve Could Trigger a Global Race Among Nations - Metaplanet CEO](https://news.shib.io/2025/01/02/trumps-proposed-bitcoin-reserve-could-trigger-a-global-race-among-nations-metaplanet-ceo/): Simon Gerovich, CEO of Metaplanet, is anticipating that President-elect Donald Trump’s proposed Strategic Bitcoin Reserve could set off a ripple effect in Asia, prompting nations like Japan to adopt similar strategies to stay competitive in the digital asset space. In an interview at Michael Saylor’s lavish New Year’s Eve Bitcoin celebration in Miami, Gerovich offered his perspective on the potential global impact of a U.S. Strategic Bitcoin Reserve. Gerovich framed the scenario as a near certainty rather than a mere possibility. “The Bitcoin community helped elect Trump,” Gerovich stated. “Now, he’s expected to deliver. If America adopts Bitcoin as a - [Vitalik Buterin Calls Out Elon Musk Over Free Speech and User Bans on X](https://news.shib.io/2025/01/02/vitalik-buterin-calls-out-elon-musk-over-free-speech-and-user-bans-on-x/): Ethereum co-founder Vitalik Buterin has criticized Elon Musk, owner of X, over the platform’s “tone of discourse” and warned against silencing dissenting voices. In a December 31 post on X, Buterin responded to Musk, expressing admiration for his commitment to free speech but warning against the use of the “social media banhammer.” “Respecting free speech is easy when we agree with the speech, and hard when we think it’s awful,” Buterin wrote.  Buterin’s remarks followed an explicit post by Musk on X, where Musk defended the rights of companies to employ immigrants in the United States under H-1B visa programs. - [Syria Explores Legalizing Bitcoin to Rebuild Economy](https://news.shib.io/2025/01/02/syria-explores-legalizing-bitcoin-to-rebuild-economy/): Syria has proposed legalizing Bitcoin and digitizing its currency as part of efforts to rebuild after the fall of the Assad government. Proposed by the Syrian Center for Economic Research (SCER), the initiative aims to stabilize the nation’s war-torn economy, attract foreign investments, and address ongoing global financial challenges. Syria’s proposed plan seeks to stabilize the national currency by digitizing the Syrian pound on the blockchain, backed by Bitcoin (BTC), gold, and US dollars. The proposal also encourages the use of the country’s energy resources for Bitcoin mining, while aiming to establish a legal framework for mining and trading BTC. - [Malaysia Social Media Law: X and Google Hold Back on License Applications](https://news.shib.io/2025/01/02/malaysia-social-media-law-x-and-google-hold-back-on-license-applications/): Online platform X and tech giant Google, the owner of YouTube, have yet to apply for a social media operating license under Malaysia’s new social media law. The Anti-Fake News and Internet Regulation Act, more commonly referred to as the Social Media Regulations Act, became effective on January 1. It seeks to combat rising cybercrime and mandates that social media platforms and messaging services with over 8 million users in Malaysia obtain a license or face legal consequences. According to Bloomberg, the Malaysian Communications and Multimedia Commission (MCMC) is currently reviewing X’s assertion that its user base in Malaysia falls - [IRS Grants Temporary Relief on Crypto Tax Rules](https://news.shib.io/2025/01/02/irs-grants-temporary-relief-on-crypto-tax-rules/): The United States Internal Revenue Service (IRS) has granted temporary relief from a new rule that would have automatically assigned a less favorable accounting method to crypto holders on centralized exchanges. The IRS initially stated that if cryptocurrency investors using Centralized Finance (CeFi) brokers do not choose an accounting method such as HIFO (Highest In, First Out) or Spec ID, the broker will automatically use the FIFO (First In, First Out) method for reporting sales. In the U.S., the standard method for determining capital gains tax is FIFO. This method assumes that the earliest purchased cryptocurrency is sold first, which - [Shiba Inu Could Skyrocket 264% On Bullish Momentum, Analyst Claims](https://news.shib.io/2025/01/02/shiba-inu-could-skyrocket-264-on-bullish-momentum-analyst-claims/): Shiba Inu ($SHIB) prepares for liftoff, as a crypto analyst declares a potential 264% surge, fueled by a “major breakout” and definitive bull signals that ignite the market. Shiba Inu Bullish Analysis In a post on X (formerly Twitter) on Tuesday, Marks shared a detailed analysis of Shiba Inu’s price action, which shows the token finishing the year with a “major breakout.” Marks emphasized that the token is “holding broken out” from previous resistance levels, indicating a solid technical foundation for further price movement.  According to his chart analysis, SHIB could reach a target price of $0.000081, reflecting a potential - [Shiba Inu Hidden Power: Kusama Unveils Truth Behind Its Voting System](https://news.shib.io/2025/01/02/shiba-inu-hidden-power-kusama-unveils-truth-behind-its-voting-system/): Shiba Inu’s visionary Shytoshi Kusama, in a move defying conventional wisdom,  exposes the “hidden power” of Shiba Inu, revealing that its highly anticipated voting system functions more like a curated council than a democratic vote, shifting the dynamics of governance in the decentralized sphere. The Reality of Decentralized Voting In the second episode of his limited edition “Meme Mania and the 36 Chambers of Tech,” Kusama discussed the practical challenges of traditional voting systems within crypto communities. He shared, “most of the community’s not going to vote. They’re not going to vote on things.”  He acknowledged that the majority of - [Shytoshi Kusama Reveals TREAT and Shiba Inu's Secret Innovation Branch for AI, Marketing, and More](https://news.shib.io/2025/01/02/shytoshi-kusama-reveals-treat-and-shiba-inus-secret-innovation-branch-for-ai-marketing-and-more/): Shytoshi Kusama, in a groundbreaking announcement, pulls back the curtain, unveiling TREAT – an ambitious upcoming token poised to fuel Shiba Inu’s evolution from a meme coin into a technology-driven powerhouse. TREAT is slated to play a pivotal role within a dedicated innovation hub, likened by Kusama to a “secret branch” of government, where cutting-edge decisions about marketing and technological advancements will be made. TREAT: Shiba Inu’s ‘Secret Branch’ of Innovation In the second episode of his limited-edition podcast, “Meme Mania and the 36 Chambers of Tech,” Kusama shared his vision for TREAT, emphasizing its importance as a core driver - [Do Kwon In US Custody Following Extradition Battle](https://news.shib.io/2025/01/01/do-kwon-in-us-custody-following-extradition-battle/): Do Kwon, the co-founder and former CEO of Terraform Labs, has officially been extradited to the United States to face criminal charges related to the collapse of the Terra Luna ecosystem. Sources said that Kwon was extradited by Montenegrin authorities and Interpol at the Podgorica Airport border crossing.  On December 31, Montenegro’s Prime Minister Milojko Spajić confirmed Kwon’s extradition to the United States through a post on X.  “Our nation WELCOMES INNOVATION and legitimate crypto, AI and other tech entrepreneurs – but we have ZERO TOLERANCE FOR FRAUD,” Spajić wrote. “This extradition demonstrates our unwavering commitment to international justice and - [Yoon Suk Yeol in Legal Crosshairs as South Korea Issues Arrest Warrant](https://news.shib.io/2025/01/01/yoon-suk-yeol-in-legal-crosshairs-as-south-korea-issues-arrest-warrant/): A South Korean court has issued an arrest warrant for impeached President Yoon Suk Yeol, authorizing searches of his office and residence over rebellion allegations linked to his recent martial law declaration. According to Reuters, South Korea’s Corruption Investigation Office for High-ranking Officials confirmed that the Seoul Western District Court approved the arrest warrant on Tuesday. This marks the first instance of a South Korean president facing a detention warrant. However, experts suggest that detention or searches are unlikely unless Yoon is officially removed from office. The agency confirmed that it is investigating whether Yoon’s declaration of martial law on - [Shiba Inu $1B Daily Volume Challenges Meme Coin Label, Kusama Explores Nation-State Potential](https://news.shib.io/2025/01/01/shiba-inu-1b-daily-volume-challenges-meme-coin-label-kusama-explores-nation-state-potential/): With a daily transactional volume often exceeding one billion dollars, SHIB’s GDP calculation challenges its categorization as simply a meme coin, as Shytoshi Kusama, the elusive visonary behind the Shiba Inu ecosystem, explored its potential as a future digital nation-state during his recent podcast, inviting questions about the very nature of digital communities and their economic influence. The GDP of Shiba Inu: A New Perspective This week, Kusama explored the concept of a nation-state when discussing Shiba Inu. According to Kusama, “When a country figures out its GDP, there are various ways to calculate it. But overall, it is a - [Shytoshi Kusama Explains Four-Token System Of Shiba Inu](https://news.shib.io/2025/01/01/shytoshi-kusama-explains-four-token-system-of-shiba-inu/): Shytoshi Kusama, the elusive visionary behind the Shiba Inu ecosystem, in a rare and candid revelation, unveils the intricate workings of the project’s groundbreaking four-token system—offering a glimpse into how this once-playful meme coin is now reshaping the crypto landscape with serious ambition. The Four Pillars of Shiba Inu Kusama detailed the intentional design behind Shiba Inu’s unique four-token system, stating the vision was “based on the structure of the United States government.” He noted, “When you look at the United States government, arguably, very arguably, one of the best structures ever designed, if it was set up properly and - [Elon Musk's Kekius Maximus Name Change Sparks Meme Coin Frenzy](https://news.shib.io/2025/01/01/elon-musks-kekius-maximus-name-change-sparks-meme-coin-frenzy/): Elon Musk, owner and executive chairman of X, recently changed his display name to Kekius Maximus, sparking widespread attention and fueling interest in the meme coin KEKIUS.  Kekius Maximus combines elements of the widely recognized Pepe the Frog internet meme with the legendary Maximus Decimus Meridius from the award-winning film Gladiator. The depiction features Pepe outfitted in full gladiator armor, creating a humorous yet oddly heroic figure that resonates with fans of both internet culture and cinematic epics. On December 31, Musk updated his X profile to reflect his new persona and followed it up with a series of posts - [Vitalik Buterin Donates $170K to Tornado Cash Developers’ Legal Defense](https://news.shib.io/2025/01/01/vitalik-buterin-donates-170k-to-tornado-cash-developers-legal-defense/): Vitalik Buterin, co-founder of Ethereum, has made another major donation to the legal defense fund for Tornado Cash developers Roman Storm and Alexey Pertsev. In a December 31 X post from the Juicebox project Free Pertsev and Storm, it was revealed that Buterin contributed 50 Ether, valued at approximately $170,000. “Thank you @VitalikButerin for helping us end the year on a good note,” the post wrote. Storm revealed that his legal defense fund, managed through JusticeDAO, currently has $650,000 in available support. Pertsev and Storm are facing legal challenges due to their involvement with the cryptocurrency mixing service Tornado Cash. - [CFTC vs. Gemini Trial Postponed to Jan 21](https://news.shib.io/2025/01/01/cftc-vs-gemini-trial-postponed-to-jan-21/): Judge Alvin Hellerstein, a New York federal judge, has postponed the trial between the Commodity Futures Trading Commission (CFTC) and Gemini Trust Company by six days, emphasizing that no further delays will be granted. The CFTC vs. Gemini trial, originally set for January 13, has been rescheduled to begin the day after President-elect Donald Trump’s inauguration, pushing the start of the civil case into the new administration. This move could influence the CFTC’s approach to Gemini and other cryptocurrency firms, as regulatory priorities may shift under the new leadership of the incoming administration. The December 30 filing did not specify - [KIKI: The Internet's Favorite Cat Sets Its Sights on Dominating Web3](https://news.shib.io/2025/01/01/kiki-the-internets-favorite-cat-sets-its-sights-on-dominating-web3/): KIKI, once content captivating the masses on Giphy, now boldly steps into the Web3 arena, a playful meme coin with serious ambitions, poised to carve its way to the top and become a dominant force in this new digital world. $KIKI, a meme cat that garnered significant attention on Giphy, made a notable entry into the Web3 space, fueled by a strategy that combined its well-known internet presence with artificial intelligence and a network of strategic partnerships. The project, which achieved a $120 million market capitalization within five days of its December 2024 launch, sought to capitalize on its existing - [NFT in Art: The Future of Digital Creativity and Ownership](https://news.shib.io/2024/12/31/nft-in-art-the-future-of-digital-creativity-and-ownership/): Non-fungible tokens (NFTs) have emerged as one of the most revolutionary innovations in the digital era, disrupting traditional models of ownership and value in art, entertainment, and collectibles. By leveraging blockchain technology, seeing NFT in art has created unique, verifiable digital assets that are redefining how creators, collectors, and audiences interact.  NFTs and the Art World Non-fungible tokens (NFTs) have revolutionized the art world, offering artists new ways to monetize their work and connect with global audiences. NFTs provide a way to prove authenticity and ownership of digital and physical art pieces, transforming traditional concepts of value and provenance.  This intersection - [Coinbase Delists USDT, Critics Say 'Don’t Believe The FUD'](https://news.shib.io/2024/12/31/coinbase-delists-usdt-critics-say-dont-believe-the-fud/): U.S.-based cryptocurrency exchange Coinbase has moved to delist Tether (USDT) for European Union customers, citing compliance concerns with the EU’s Markets in Crypto-Assets (MiCA) regulations. Experts, however, argue that the decision appears unusual and potentially premature.  As the EU’s MiCA regulations impose stricter compliance requirements on stablecoin issuers, concerns over USDT’s ability to meet these standards have sparked speculation about its future in the region. Earlier this month, Coinbase announced it would delist USDT for its European customers, with its implementation on December 30.  Coinbase’s decision has sparked considerable debate, with some praising the exchange for taking a proactive approach, - [Unmasking Crypto Scams: Tips to Protect Your Investments From Fraud](https://news.shib.io/2024/12/31/unmasking-crypto-scams-top-tips-to-protect-your-investments-from-fraud/): As cryptocurrency continues to gain popularity, so does its appeal to scammers and cybercriminals. While the decentralized and anonymous nature of digital currencies offers numerous benefits, it also presents unique opportunities for fraudsters to exploit unsuspecting users. As more individuals and institutions turn to digital assets, scammers are becoming increasingly sophisticated, leveraging new tactics and tools to deceive unsuspecting users. Whether you’re a seasoned investor or a newcomer, understanding common scams and how to protect yourself is crucial for managing the digital currency world safely. Notorious Crypto Scams Recent cryptocurrency scams have showcased the growing sophistication of fraudsters targeting digital - [Crypto in Hollywood: How Digital Assets are Making a Mark in Movies and TV](https://news.shib.io/2024/12/31/crypto-in-hollywood-how-digital-assets-are-making-a-mark-in-movies-and-tv/): Cryptocurrency has captivated the world with its potential to revolutionize finance, and Hollywood is no exception. Over the years, crypto in Hollywood has risen, finding its way into movies, TV shows, and even documentaries. From futuristic thrillers to dramas centered on blockchain technology, Hollywood has explored the highs and lows of the digital asset world. As cryptocurrencies continue to shape the global economy, their presence in entertainment has become an intriguing reflection of society’s evolving relationship with digital currencies and decentralized finance. Several TV shows and movies have featured cryptocurrency as part of their plotlines, showcasing both the potential and - [Crypto in Sports: How Blockchain is Changing the World of Athletics](https://news.shib.io/2024/12/31/crypto-in-sports-how-blockchain-is-changing-the-world-of-athletics/): The rise of crypto in sports is transforming the industry in surprising ways. From athlete endorsements and team sponsorships to ticketing and fan engagement, digital currencies and blockchain technology are reshaping how fans, teams, and players interact. As the relationship between crypto and sports continues to evolve, it opens up exciting opportunities while also raising questions about sustainability, security, and long-term impact. Crypto in Sports: A New Era of Sponsorship Cryptocurrency companies have increasingly sought to establish their presence in mainstream arenas, and sports sponsorships have proven to be an effective vehicle. Major crypto brands, including exchanges like Coinbase, Binance, - [Kusama Unveils Shiba Inu’s Origins and the 36 Chambers of Tech](https://news.shib.io/2024/12/31/shytoshi-kusama-unveils-shiba-inus-origins-and-the-36-chambers-of-tech/): A rare moment of authenticity emerges as Shytoshi Kusama, the elusive visionary behind the Shiba Inu ecosystem, shatters his silence. With the launch of Shy Speaks, a limited edition podcast, Kusama takes center stage in its pilot episode, unlocking the door to his enigmatic world. He offers an intimate dive into his origins, peeling back the layers to reveal the true essence of his identity as a pioneering force within the fiercely passionate Shiba Inu community. Kusama: The Genesis of Shiba Inu The pilot episode, released today, unfolded as a narrative of personal transformation and technological ambition, offering a unique - [Solana Co-Founder Faces Legal Battle Over Alleged Crypto Theft from Ex-Wife](https://news.shib.io/2024/12/30/solana-co-founder-faces-legal-battle-over-alleged-crypto-theft-from-ex-wife/): Stephen Akridge, co-founder of the Solana (SOL) blockchain platform, has found himself in a legal dispute with his ex-wife, Elisa Rossi, over allegations of misappropriating millions in SOL token earnings. In a lawsuit filed in San Francisco Superior Court, Rossi accused Akridge of using his expertise in cryptocurrencies to illicitly redirect staking rewards from her digital wallet.  Staking is a process where cryptocurrency holders lock up their assets to help validate blockchain transactions. Consequently, holders earn rewards in the form of additional tokens. This practice is a popular method for crypto investors to generate passive income, particularly with assets like - [Galaxy Digital Research Head Predicts US Will Not Purchase More Bitcoin in 2025](https://news.shib.io/2024/12/30/galaxy-digital-research-head-predicts-us-will-not-purchase-more-bitcoin-in-2025/): Alex Thorn, Head of Research at Galaxy Digital, has forecasted “some movement” from the U.S. government to explore an “expanded Bitcoin reserve policy.” He predicts, however, that no Bitcoin (BTC) will be purchased in 2025. In a recent X thread, Galaxy Digital’s research team projected that the U.S. government will focus on protecting its current Bitcoin holdings throughout 2025. In the report, Thorn explains that while discussions around a potential Bitcoin reserve policy may advance, the government is likely to prioritize managing its current holdings. According to blockchain analytics platform Spot on Chain, the U.S. government currently holds approximately 183,850 - [Japanese Financial Regulator Proposes Reclassification of Cryptocurrency](https://news.shib.io/2024/12/30/japanese-financial-regulator-proposes-reclassification-of-cryptocurrency/): Japan’s Financial Services Agency (FSA) has proposed recognizing tokens like Bitcoin (BTC) as “financial assets” in its fiscal year 2025 tax reform request. This proposal aims to reclassify cryptocurrency to validate its status in the financial market. According to local news outlet CoinPost and an FSA document, discussions on integrating financial income taxation in Japan could lead to a review of the existing tax policies governing cryptocurrencies. Japan’s Payment Services Act currently categorizes cryptocurrencies as “payment instruments.”  A shift toward defining them as investment assets could mark a significant step in legitimizing digital currencies within the financial sector. The FSA’s - [Montenegro Approves Do Kwon's Extradition to the US](https://news.shib.io/2024/12/30/montenegro-approves-do-kwons-extradition-to-the-us/): Bojan Božović, Montenegro’s Minister of Justice, has authorized the extradition of Do Kwon, the South Korean entrepreneur and Terraform Labs co-founder, to the United States. This ends a prolonged legal dispute related to his role in the collapse of Terraform Labs. Both the U.S. and South Korea had been pursuing the extradition of Kwon in connection with the catastrophic $60-billion collapse of the TerraUSD and LUNA tokens. The collapse of TerraUSD in 2022 triggered a wave of financial failures. This includes the bankruptcy of major firms like Three Arrows Capital, BlockFi, and FTX. As the fallout from the collapse unfolded, - [Crypto Council CEO Sheila Warren's X Account Hacked to Promote Scam Token](https://news.shib.io/2024/12/30/crypto-council-ceo-sheila-warrens-x-account-hacked-to-promote-scam-token/): The Crypto Council for Innovation (CCI), a leading crypto industry advocacy group, confirmed in a recent social media post that CEO Sheila Warren’s X account was compromised on December 26 and used to promote the fake SPELL token. Warren’s compromised X account falsely promoted $SPELL as an artificial intelligence and cryptocurrency project designed for Web3 and the Solana network. The posts also included a contract address and additional promotional material for the token. “This is a scam and NOT Sheila Warren. We are working to resolve the issue. Disregard any tweets and do not click on any links,” the CCI - [Shytoshi Kusama Drops Massive Surprise to TREAT Fans](https://news.shib.io/2024/12/30/shytoshi-kusama-drops-massive-surprise-to-treat-fans/): The Shib Army is buzzing: Shytoshi Kusama drops a bombshell, announcing “Shy Speaks,” a 44-episode podcast promising to unravel the mysteries of the Shiba Inu ecosystem and its crucial TREAT token. Kusama Personal Touch: An Inside Look at Shiba Inu The excitement across the Shiba Inu ecosystem reached fever pitch over the weekend when Kusama, the enigmatic visionary behind Shiba Inu, dropped a bombshell announcement on X (formerly Twitter). This time, it wasn’t another cryptic message or new development, but something a bit more personal — Shy Speaks, a brand-new podcast series where Kusama himself will offer an inside look - [IRS New DeFi Rule Faces Fiery Legal Challenge](https://news.shib.io/2024/12/30/irs-new-defi-rule-faces-fiery-legal-challenge-the-fight-for-cryptos-survival/): A rebellion brews in the digital realm: the cryptocurrency industry is not backing down, as three major advocacy groups file a lawsuit against the Internal Revenue Service (IRS), challenging new rules that could fundamentally alter the way DeFi operates. The fight is on, and the outcome is far from certain. Conversations about the future of decentralized finance moved to the courtroom. The DeFi Education Fund, the Blockchain Association, and the Texas Blockchain Council contested the IRS’s move to classify DeFi platforms as “brokers.” arguing it oversteps the agency’s authority, violates the Administrative Procedure Act (APA), and is unconstitutional. Lawsuit vs. - [The Rise of SBF Pardon Speculation: Crypto Ties, Political Influence, and Legal Uncertainty](https://news.shib.io/2024/12/30/the-rise-of-sbf-pardon-speculation-crypto-ties-political-influence-and-legal-uncertainty/): A storm of controversy brews as the possibility of a presidential pardon for convicted fraudster Sam Bankman-Fried (SBF) gains traction, raising questions about justice and political power. The saga of Bankman-Fried, the disgraced founder of FTX, takes another unexpected turn as whispers of a potential presidential pardon gain traction, fueled by high-profile figures and shifting political winds. Just months after receiving a 25-year sentence for fraud and embezzlement, the possibility of SBF’s early release is becoming a topic of intense speculation, raising questions about the intersection of crypto, politics, and the power of clemency. The rumors of a pardon have - [Latin America Says Adiós to Fiat, Hola to Bitcoin!](https://news.shib.io/2024/10/13/latin-america-says-adios-to-fiat-hola-to-bitcoin/): Latin America is pulling off the ultimate “glow-up” in the crypto world, with Argentina and Brazil leading the charge like they just found the golden ticket to financial freedom. Forget traditional banking; down south, crypto is quickly becoming the financial lifeboat that everyone’s scrambling to board. 🚤💸 Argentina’s Crypto Fix: HODLing Like It’s a Full-Time Job Argentina is the MVP of Latin America’s crypto scene, according to a Chainalysis report last Wednesday, clocking to about $91.1 billion in transaction volume over the past year. Why? Let’s just say the Argentine peso is doing its best impression of a meme coin on a bad day—constantly - [Crypto Market Maker 101: Pump, Dump, and Disappear?](https://news.shib.io/2024/10/13/crypto-market-maker-101-pump-dump-and-disappear/): 🤡 “Market Maker” in crypto? More like “Market Manipulator,” “Meme Merchant,” or “Master of Misdirection.” 🎩✨ As former SEC enforcement attorney John Reed Stark so eloquently put it, these folks are the baggage handlers of the crypto world, claiming to pilot the plane while rifling through your luggage for loose NFTs. 💼🙊 Beyond Baggage Handlers: Decoding the Crypto “Market Maker” But let’s get real for a second: what even is a “market maker” in the cryptosphere? Is it the guy who sold you Dogecoin at its all-time high and then vanished into the blockchain black hole? Spoiler alert: No. But - [The Shib Crypto Recap: Friday](https://news.shib.io/2024/10/11/the-shib-crypto-recap-friday-3/): As the crypto world caps off the week, here are the headlines that made it to our top list today. Read about the latest in cybersecurity and customer trust in financial service providers, regulatory developments, Ripple’s legal battles, and a phishing attack with ties to a “draining-as-a-service” (DAAS) tool.   Fidelity Data Breach: Thousands Affected as Hackers Steal Personal Information Over 77,000 Fidelity customers had their sensitive identity information stolen in a data breach. The incident was disclosed on Wednesday after Fidelity informed authorities. The hackers accessed personal information from August 17 to 19, using two accounts created by a - [Ground Zero: Southeast Asia’s Dark Underbelly of Virtual Asset-Related Crimes](https://news.shib.io/2024/10/11/ground-zero-southeast-asias-dark-underbelly-of-virtual-asset-related-crimes/): The United Nations Office on Drugs and Crime (UNODC) recently highlighted the increasing use of cryptocurrency and similar high-risk virtual assets in facilitating criminal activities across Southeast Asia. In its latest report, the UNODC detailed how various criminal organizations are using virtual asset service providers for money laundering, drug trafficking, and other illicit activities. This scenario underscores the urgent need for regulatory frameworks to mitigate such risks. Southeast Asia: The Emerging Epicenter of Virtual Asset-Driven Crime Amid Technological Gaps The report makes it clear that the use of virtual assets is becoming widespread in Southeast Asia. However, it is not - [Shib Wants YOU!](https://news.shib.io/2024/10/11/shib-wants-you/): Read the latest edition of The Shib magazine here. - [London Trader Accused of Running Illegal Crypto ATMs Faces Court](https://news.shib.io/2024/10/11/london-trader-accused-of-running-illegal-crypto-atms-faces-court/): Habibur Rahman, a London resident, has pleaded not guilty to charges of operating illegal and unregistered crypto ATMs. Rahman, aged 37, from Langdon Crescent in East Ham, is accused of running a cryptocurrency ATM at his shop without the required registration from the Financial Conduct Authority (FCA). The charges come after several illegal ATMs were seized during a police raid on his store in Chatham, Kent, in April 2023, including one machine on public display. A spokesperson for Kent Police stated that Rahman is the first person in the UK to face charges for this offense. The authorities revealed that - [New Stablecoin Law Could Shake Up the Crypto Market – Here’s Why](https://news.shib.io/2024/10/11/new-stablecoin-law-could-shake-up-the-crypto-market-heres-why/): Crypto-friendly Senator Bill Hagerty has introduced a discussion draft for legislation to create a regulatory framework for stablecoins— a move that could reshape the entire crypto industry. The Tennessee Republican’s proposal resembles the Clarity for Payment Stablecoins Act, which is currently being worked on in the House of Representatives by Rep. Patrick McHenry, R-N.C., and Rep. Maxine Waters, D-Calif. In a statement on Thursday, Hagerty revealed that his draft seeks to provide much-needed clarity to stablecoin regulations. Hagerty, who is a member of the Senate Banking Committee, structured his draft to split federal supervision of stablecoins. Under the proposal, the - [Demand for Crypto ETFs Explodes, Pushing Crypto to Second Most Popular Asset Class](https://news.shib.io/2024/10/11/demand-for-crypto-etfs-explodes-pushing-crypto-to-second-most-popular-asset-class/): A recent Charles Schwab survey has unveiled a seismic shift in the investment landscape: cryptocurrencies have surged in popularity, claiming the second spot among ETF investors’ most desired asset classes. This remarkable ascent underscores the growing acceptance of digital assets in mainstream portfolios, despite the market’s inherent volatility. The survey shows that 45% of respondents plan to invest in crypto, trailing only equities at 55%, highlighting a growing enthusiasm for digital assets as investors seek new opportunities in today’s dynamic market. In a landscape where nearly all ETF investors consider these funds essential to their portfolios, the majority are poised - [Massive Data Breach: Hackers Compromise Sensitive Information of Over 77,000 Fidelity Customers](https://news.shib.io/2024/10/11/massive-data-breach-hackers-compromise-sensitive-information-of-over-77000-fidelity-customers/): Hackers stole sensitive identity information, including Social Security numbers (SSNs), from over 77,000 Fidelity customers in a massive data breach.  The incident was first disclosed Wednesday when the company filed notices with Maine and New Hampshire authorities. It revealed that an unidentified third party had accessed personal information from its systems between August 17 and August 19. Fidelity, a leading wealth management firm, confirmed that hackers had gained unauthorized access to personal information from its systems. This also includes their Social Security numbers and driver’s licenses. The breach involved two customer accounts that were created by a third party. It - [Argentina Takes the Lead: Surpassing Brazil in Cryptocurrency Value with $91.1 Billion Received](https://news.shib.io/2024/10/11/argentina-takes-the-lead-surpassing-brazil-in-cryptocurrency-value-with-91-1-billion-received/): Argentina leads the region in terms of cryptocurrency value received at an estimated $ 91.1 billion. It’s only slightly ahead of Brazil’s estimated $90.3 billion. According to Chainalysis’ Global Adoption Index, four of the top 20 countries are in Latin America: Brazil (9), Mexico (13), Venezuela (14), and Argentina (15). The report also revealed that stablecoin-based remittances are gaining traction in these countries. This also includes Latin America as a whole. Stablecoins Offer Hope Amid Argentina’s Economic Crisis, Becoming a Key Tool for Citizens Battling Inflation and Peso Devaluation The report also noted that stablecoins provide a path to stability - [Taiwan's FSC Unveils Groundbreaking Crypto Innovation Plan—Is Virtual Asset Custody the Next Big Thing?](https://news.shib.io/2024/10/11/taiwans-fsc-unveils-groundbreaking-crypto-innovation-plan-is-virtual-asset-custody-the-next-big-thing/): Taiwan’s Financial Supervisory Commission (FSC) unveils plans to stimulate financial innovation in the crypto space, revealing its intentions to launch thematic business trials and encourage financial institutions to apply for virtual asset custody services.  In a recent announcement, the FSC revealed that three banks have shown interest, with the launch anticipated in the first quarter of next year. The first pilot application for virtual asset custody services has also emerged. According to Hu Zehua, director of the Comprehensive Planning Division at the FSC, the FSC plans to publicly explain its regulatory framework surrounding virtual assets, soliciting feedback from outside experts - [Ripple Files Cross-Appeal in SEC Lawsuit](https://news.shib.io/2024/10/11/ripple-files-cross-appeal-in-sec-lawsuit/): Ripple Labs has filed a cross-appeal in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), submitting the appeal to the U.S. Court of Appeals for the Second Circuit. However, this cross-appeal follows the SEC’s recent notice of appeal regarding an earlier court ruling in the case. Ripple’s cross-appeal was filed to ensure that all aspects of the case were fully addressed. Ripple’s chief legal officer, Stuart Alderoty, commented on the filing yesterday, stating that the cross-appeal focuses on the argument that an “investment contract” requires essential rights and obligations, which Ripple argues were not present in - [Phishing Attack Drains $35 Million from Crypto Whale's Wallet](https://news.shib.io/2024/10/11/phishing-attack-drains-35-million-from-crypto-whales-wallet/): A crypto whale’s fortune vanished in an instant as a sophisticated phishing scam drained $35 million in fwDETH, sparking chaos in the DeFi market and leaving experts stunned. Security firm Scam Sniffer first reported the incident, revealing that the whale was tricked into signing a fraudulent “permit” message, which allowed the attacker to drain the funds. The compromised address was identified as 0xEab2E…a393. Security firms PeckShield and BlockSec confirmed the attack. BlockSec co-founder Yajin Zhou explained that the attacker used the signed permit message to withdraw fwDETH tokens from the whale’s account. The incident caused the whale to lose a - [The Shib Crypto Recap: Thursday](https://news.shib.io/2024/10/10/the-shib-crypto-recap-thursday-3/): The Shib Daily’s crypto news this Thursday is rife with discussions about security risks, regulatory and law enforcement challenges, and the ongoing saga of exchange-traded fund (ETF) applications. This intricate mosaic of challenges serves to illuminate the unpredictable nature of cryptocurrencies and captures the essence of a market that is as volatile as it is revolutionary. Feds Strike Back: 15 Charged in $25 Million Crypto Fraud Operation Using Fake Token On Wednesday, federal prosecutors charged several cryptocurrency companies and 15 individuals in a $25 million fraud scheme. The charges were the result of an FBI operation in which a fake - [Crypto Heist Fallout: How a Connecticut Family's Lambo Led to a Failed Ransom Plot](https://news.shib.io/2024/10/10/crypto-heist-fallout-how-a-connecticut-familys-lambo-led-to-a-failed-ransom-plot/): A Connecticut couple, the parents of a 19-year-old honors student suspected of involvement in a $243 million crypto theft, were kidnapped and assaulted while out house-hunting in a new Lamborghini, prosecutors revealed. The kidnapping occurred one week after their son allegedly took part in a sophisticated cryptocurrency scam, raising unsettling questions about possible connections between the two incidents. Crypto Crime: The Carjacking Incident On the afternoon of August 25, 2024, in Danbury, Connecticut, a married couple in their 50s, driving a Lamborghini Urus with temporary tags, were rear-ended by a Honda Civic in a gated community. Immediately after, three men - [Phishing Attack Costs $2.2 Million in Ethereum – One Wrong Click, Big Consequences](https://news.shib.io/2024/10/10/phishing-attack-costs-2-2-million-in-ethereum-one-wrong-click-big-consequences/): A recent Ethereum phishing attack has resulted in the loss of approximately $2,230,000 after a user mistakenly signed a malicious transaction.  According to Web3 Antivirus, the incident was caused by the victim interacting with a fraudulent address, leading to the transfer of a significant amount of Ethereum-based assets. The Ethereum transaction was successfully executed in block 20929866, confirmed within 14 seconds on Wednesday. The total value lost in the transaction amounted to over $2.2 million, with the attacker exploiting a vulnerability by tricking the user into signing the transaction. The transaction fee totaled 0.0454 ETH, equivalent to around $109.10 at - [PlusToken ETH Distribution Unveils New Obfuscation Pattern Ahead of Full Sale?](https://news.shib.io/2024/10/10/plustoken-eth-distribution-unveils-new-obfuscation-pattern-ahead-of-full-sale/): With 7,000 ETH sent to exchanges in the last 24 hours, a new era of PlusToken ETH obfuscation has begun. Is this just another attempt to mask a full sale of $1.3 billion worth of assets? In early August 2024, the remnants of PlusToken’s Ethereum supply, valued at over $1.3 billion, awoke on-chain for the first time since 2021. Over the last 24 hours, 7,000 ETH has been sent to exchanges. This likely indicates an intent to begin selling the remaining tokens. This is just the latest example of PlusToken’s masterminds attempting to obfuscate their assets in preparation for a - [SEC Chair Gensler Casts Doubt on Cryptocurrencies as Future Currencies](https://news.shib.io/2024/10/10/sec-chair-gensler-casts-doubt-on-cryptocurrencies-as-future-currencies/): The U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, in a recent pronouncement that throws cold water to the glowing ember of the cryptocurrency industry’s ambition, casts doubts today about the potential future of digital currencies serving as viable global currencies. Speaking at the New York University School of Law on Wednesday Gensler expressed concerns about the long-term viability of cryptocurrencies like Bitcoin serving as a means of payment or storage of value. Gensler, who has a background in finance and economics from MIT, likened this ongoing debate to discussions dating back 3,000 years to philosophers such as Plato - [FBI’s Undercover Crypto Sting Exposes $25M Fraud – Top Executives Arrested](https://news.shib.io/2024/10/10/fbis-undercover-crypto-sting-exposes-25m-fraud-top-executives-arrested/): Federal prosecutors on Wednesday have charged multiple crypto companies, along with 15 individuals, in a $25 million fraud and market manipulation scheme. The charges came after an unprecedented FBI-led operation in which the agency created a fake digital token to track criminal activity in the crypto market. Acting U.S. Attorney Joshua Levy revealed details of the case in Boston, noting the arrests of several top executives and the seizure of over $25 million worth of cryptocurrency. “This is a case where new age technology, crypto, meets an old school fraud,” Levy said. The charges include widespread “pump and dump” tactics, - [XRP ETF Race Heats Up: Canary Capital Joins the Fray – But Will It Get the Green Light?](https://news.shib.io/2024/10/10/xrp-etf-race-heats-up-canary-capital-joins-the-fray-but-will-it-get-the-green-light/): Canary Capital has officially entered the competitive landscape of cryptocurrency ETFs by filing for a spot XRP exchange-traded fund (ETF). This move, announced just days after Bitwise submitted a similar application, has intensified speculation about whether the U.S. Securities and Exchange Commission (SEC) will approve either of these filings. This application, submitted on Tuesday— just a week after Bitwise’s similar move—marked growing interest in offering investors exposure to XRP without needing to hold the asset directly. However, the likelihood of approval by the SEC remains debatable, especially given the ongoing legal challenges surrounding XRP. Canary Capital’s proposal aims to expose - [Irish Authorities Struggle to Access Over $377M 'Seized' Bitcoin](https://news.shib.io/2024/10/10/bitcoin-keys-irish-authorities-struggles-to-access-over-377m-seized-bitcoin/): An €350 million (over $380M) Bitcoin haul, seized from the clutches of a criminal, sits tantalizingly out of reach for Irish authorities. The Criminal Assets Bureau (CAB) possesses the digital fortune, but lacks the key to unlock it. Since 2019, the CAB has been unable to access the Bitcoin, which is held in 12 wallets, despite efforts to trace and recover it. Clifton Collins, a cannabis dealer in Ireland County owned these assets. A decade ago, Collins made a prescient, if unintentional, investment. Using profits from his illicit business, he purchased Bitcoin when its value was a mere fraction of - [The Shib Crypto Recap: Wednesday](https://news.shib.io/2024/10/09/the-shib-crypto-recap-wednesday-3/): We have arrived at the mid-week analysis of the cryptocurrency sector. Today, The Shib’s news roundup highlights corruption within law enforcement, high-profile crypto schemes, personal and community impact of crypto scams, and shifting trends in the global crypto landscape. Bitcoin Bribe Exposed: Former Chief Investigator Sentenced to 16 Years A former chief investigator in Russia, Marat Tambiyev, has been sentenced to 16 years in prison for accepting a Bitcoin bribe worth $65 million from hackers. His case is part of a major corruption scandal within the Investigative Committee of Russia. Investigations into Tambiyev began last year and uncovered his acceptance - [Russia’s 'Crypto Queen' Accused of Large-Scale Crypto Fraud](https://news.shib.io/2024/10/09/russias-crypto-queen-accused-of-large-scale-crypto-fraud/): Valeria Fedyakina, known as the “Crypto Queen” and “Bitmama,” is under investigation for orchestrating cryptocurrency fraud operations in Russia. Reports suggest she managed large-scale cash transfers using Bitcoin, allegedly taking physical cash from clients and transferring the funds abroad, primarily to Dubai. The Russian TV channel Vesti aired an exposé showing videos reportedly taken by Fedyakina displaying suitcases full of cash linked to her operations. Crypto-Powered Cash Transfers to Dubai Authorities claim Fedyakina offered crypto-based exchange services, with one anonymous victim stating, “She told me: ‘I have people who work in armored cars. They come, and they take cash from - [Former FTX Co-CEO Set to Start Serving Time on Friday](https://news.shib.io/2024/10/09/former-ftx-co-ceo-ryan-salame-sentenced-to-7-5-years-in-jail/): Ryan Salame, the former co-CEO of FTX Digital Markets, will begin serving a seven-and-a-half-year sentence at a U.S. federal correctional facility on October 11. Salame is the second top executive to receive a prison sentence following FTX founder Sam Bankman-Fried, who is currently serving 25 years for his role in orchestrating and committing fraud. In 2021, Salame made a major career move and left his senior role at Alameda Research, Bankman-Fried’s crypto hedge fund, to become co-CEO of FTX’s Bahamian subsidiary, FTX Digital Markets. However, he reportedly became involved in questionable financial activities, including significant real estate acquisitions and political - ['Irresponsible': Developer Rejects Satoshi Claims in New HBO Documentary](https://news.shib.io/2024/10/09/peter-todd-denies-hbo-documentary-claims-linking-him-to-bitcoin-creator/): Peter Todd, an early Bitcoin developer, has strongly denied claims made in the new documentary by HBO titled Money Electric: The Bitcoin Mystery, which suggests he could be Satoshi Nakamoto, the creator of Bitcoin.  Todd took to X (formerly Twitter) to refute the allegations, criticizing the film’s speculative nature and accusing its makers of endangering his safety by associating him with the Bitcoin creator. Despite Todd’s denial, the documentary has stirred renewed debates within the cryptocurrency community. HBO is behind the release of Money Electric, continuing its tradition of producing investigative documentaries on high-profile, controversial subjects. Cullen Hoback, known for - [Cardi B's $WAP Promo on X Might Not Be Legit - Experts](https://news.shib.io/2024/10/09/cardi-bs-wap-promo-on-x-might-not-be-legit-experts/): Cardi B unveiled her latest project on Tuesday – $WAP, a memecoin, accompanied by a video of an animated cat and a cryptic wallet address.  The reveal sparked concerns from crypto sleuths and community members alike. As blockchain investigators Wazz and PeckShield dug deeper into the matter, they discovered a complex web of connections. The latter asked people to be extremely cautious.  BubbleMaps, a blockchain data visualization platform, identified that 60% of the WAP supply was bundled at launch. It found that around $500,000 worth of tokens had already been dumped within 10 hours of the project’s launch.  $WAP a Return - [Shiba Inu Primed for Major Price Breakout, Analyst Says](https://news.shib.io/2024/10/09/shiba-inu-primed-for-major-price-breakout-analyst-says/): Shiba Inu, the phenomenon that shocked the world, is poised for a significant price breakout, according to a prominent crypto analyst. This bullish prediction, combined with recent positive market activity, is generating renewed excitement among SHIB investors and fueling speculation about the token’s potential for substantial gains. The forecast came from Crypto Sheriff, a widely followed analyst on X (formerly Twitter), known by their handle @Gem_Sheriff. In a recent post, Crypto Sheriff confidently declared, “SHIB breakout loading,” accompanying their statement with a chart showing SHIB’s price action. This pronouncement ignited a fresh wave of interest in the Shiba Inu ecosystem. - [Wells Fargo Denies Responsibility in $14,000 Check Theft: Could Crypto Offer a Solution?](https://news.shib.io/2024/10/09/could-crypto-offer-a-solution-wells-fargo-denies-responsibility-in-14000-check-theft/): When Phi Dang, a Los Angeles business owner, discovered a $14,000 check had been stolen, altered, and cashed fraudulently, her bank, Wells Fargo, denied responsibility. The incident raises a critical question: could the enhanced security features of crypto have prevented this loss? Dang, who runs a family business, discovered the fraud after a routine inquiry from a vendor about an unpaid invoice, as reported by NBC Los Angeles. The check she mailed had been intercepted, chemically altered, and fraudulently cashed.  The ordeal began with a seemingly routine call from a vendor inquiring about an unpaid invoice. Confused, Dang investigated and - [Crypto Businesses Choose Dubai, Switzerland, South Korea Over US in 2024: Report](https://news.shib.io/2024/10/09/crypto-businesses-choose-dubai-switzerland-and-south-korea-over-us-in-2024-report/): Dubai, Switzerland, and South Korea have been identified as top destinations for cryptocurrency businesses in 2024, largely due to their crypto-friendly regulatory environments.  According to a Social Capital Markets report, these countries provide clear legal frameworks and favorable tax policies, making them attractive hubs for the growing blockchain and cryptocurrency sectors. This contrasts sharply with the regulatory climate in the United States, where businesses face more stringent oversight and legal uncertainty. Dubai Ranks First Among Crypto-Friendly Countries Dubai took the top spot as the most crypto-friendly country with its proactive regulatory measures and tax policies. It imposes no capital gains - [$65M Bitcoin Bribe Sends Ex-Russian Chief Investigator to Jail for 16 Years](https://news.shib.io/2024/10/09/65m-bitcoin-bribe-sends-ex-russian-chief-investigator-to-jail-for-16-years/): A Russian court has sentenced a former chief investigator to 16 years in jail after authorities caught him accepting a massive $65 million Bitcoin bribe from hackers. Marat Tambiyev, who was working for the Investigative Committee of Russia at the time, became the latest high-profile fallout in a corruption scandal. The investigation into Tambiyev reportedly began last year, and it was discovered that he had been accepting bribes from the Infraud Organization hacking group. The authorities believe this facilitated illegal activities for the hackers.The scandal has cast a spotlight on the endemic corruption within Russia’s law enforcement agencies. These departments - [Crypto Pyramid Scam Dupes Thousands of San Pedro Residents](https://news.shib.io/2024/10/09/crypto-pyramid-scam-dupes-thousands-of-san-pedro-residents/): As many as 20,000 San Pedro residents have fallen victim to a crypto pyramid scheme called La China, which promised significant short-term returns from what are now known as fake cryptocurrency investments. Lawyer Adolfo Erdaire noted on Tuesday that the first complaints will be filed soon. “La China” — which has ties to the Knight Consortium Foundation — has left many San Pedro residents in a financial tailspin. They invested all their savings into what seemed like an opportunity of a lifetime. However, it soon became clear that this scheme was merely a classic pyramid. Here, the scammers collected from new - [Chosun Ilbo Accused of Promoting $3B Crypto Scheme](https://news.shib.io/2024/10/09/chosun-ilbo-accused-of-promoting-3b-crypto-scheme/): Chosun Ilbo, South Korea’s country’s largest newspaper, allegedly boosted a cryptocurrency scheme that cost nearly $3 billion.  Incubator IBC Group shared this via a post on X, where it said that the paper’s subsidiaries reportedly gave the KOK token positive coverage and awards. This led many to see it as a safe bet. However, critics say this helped legitimize the scam, which authorities have now shut down. “We were deceived by the Chosun Ilbo coverage,” said one investor who lost $100,000 in the KOK token. “They made it sound like a legitimate investment.” As the KOK token plummets from a - [Shiba Inu's SHIB and BONE Bask in Renewed Crypto Spotlight](https://news.shib.io/2024/10/09/bone-and-shiba-inu-s-shib-bask-in-renewed-crypto-spotlight/): Two tokens of the Shiba Inu ecosystem, Shiba Inu (SHIB) and Bone ShibaSwap (BONE), are capturing the attention of crypto enthusiasts, earning recognition as top “Hype Tokens” during a week dominated by canine-themed assets. Their prominence underscores the enduring appeal of the Shiba Inu brand and the growing interest in its expanding ecosystem. ChangeNOW, a web3 cryptocurrency exchange platform, recently highlighted the trending tokens on its platform on X (formerly Twitter) account, dubbing the period a “Dog Week.” SHIB, the global phenomenon secured the top spot, fueled by renewed excitement surrounding the series of major developments within the Shiba Inu - [Can Meme Coins Save the World? Vitalik Buterin Thinks So](https://news.shib.io/2024/10/09/meme-coins-can-they-save-the-world-vitalik-buterin-thinks-so/): Vitalik Buterin, the mind behind Ethereum, is thinking about more than just complex code and blockchain infrastructure these days. He’s contemplating a seemingly outlandish question: can meme coins, those often-derided digital tokens born from internet jokes, actually contribute to solving real-world problems? His answer, increasingly, is a resounding yes. Buterin’s recent pronouncements on social media haven’t focused on the latest technical advancements. Instead, he’s been championing the surprising philanthropic potential of meme coins.  He recently lauded several projects for donating a portion of its token supply to various charities last month and revealed he redirected any meme coins sent to - [Crypto.com Launches Legal Challenge to SEC's Crypto Crackdown](https://news.shib.io/2024/10/09/crypto-com-launches-legal-challenge-to-secs-crypto-crackdown/): Crypto.com throws down the gauntlet, launching a legal salvo against the U.S. Securities and Exchange Commission. The cryptocurrency exchange seeks to halt what it calls an “unjust” regulatory crusade, escalating a battle that is reshaping the future of digital assets in America. The Singapore-based company filed suit against the SEC just days after receiving a Wells notice, a harbinger of potential enforcement action. Crypto.com’s aggressive move, announced in a blog post on Tuesday, marked a dramatic escalation in the ongoing tension between the cryptocurrency industry and regulators.  The firm argued the SEC had overstepped its bounds, unilaterally expanding its jurisdiction - [The Shib Crypto Recap: Tuesday](https://news.shib.io/2024/10/08/the-shib-crypto-recap-tuesday-3/): It may only be Tuesday, but the week is already presenting a dramatic array of developments. Key stories are emerging that highlight the pressing need for clearer regulations, the growing acceptance of virtual asset trading, rising security challenges at the crossroads of national security and cryptocurrency, and efforts to recover stolen digital assets. Standardizing Crypto Inclusion: A Call for Uniform EU Crypto Regulations 21Shares, a crypto exchange-traded product (ETP) issuer, has urged EU regulators to create a uniform framework for including crypto assets in investment products. They have requested the European Securities and Markets Authority (ESMA) to revise its regulations - [South Korean Soldiers Found Trading Military Secrets for Crypto: Report](https://news.shib.io/2024/10/08/south-korean-soldiers-found-trading-military-secrets-for-crypto-report/): A South Korean investigation has revealed that soldiers have compromised military secrets in exchange for cryptocurrency. According to TV Chosun, the investigation found 29 cases of leaked classified information. One notable case involved a captain accused of sharing confidential documents about a special forces unit’s wartime missions. In return, the captain reportedly received 48 million won ($35,700) in cryptocurrency. The investigation follows earlier reports that at least three active-duty soldiers handed over military passwords and secret documents to loan sharks. Prosecutors believe these soldiers traded the information to either invest in cryptocurrency or to pay off debts related to crypto - [National Bank of Bahrain Unveils First Bitcoin-Linked Investment](https://news.shib.io/2024/10/08/national-bank-of-bahrain-unveils-first-bitcoin-linked-investment/): The National Bank of Bahrain (NBB) has introduced the first Bitcoin-linked structured investment in the Gulf Cooperation Council (GCC) region.  This product was launched in collaboration with ARP Digital, a digital asset firm, and was announced during the Fintech Forward 2024 event, according to local media. The investment product is available exclusively for accredited investors across Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. The Bitcoin-linked structured investment offers exposure to Bitcoin’s growth, with returns capped at a predefined threshold. Investors are also provided with 100% capital protection in case of a downward trend, offering a secure - [Elderly US Resident Recovers $275K Stolen by Coinbase Posers](https://news.shib.io/2024/10/08/elderly-us-resident-recovers-275k-stolen-by-coinbase-posers/): An elderly resident of the United States has successfully recovered the $275,000 in crypto stolen by Indian fraudsters posing as Coinbase support. Law enforcement and blockchain investigator ZachXBT, who posted the news on Monday, helped with the retrieval. The elderly victim became a target in April 2024 after receiving a series of emails from “Coinbase Support,” claiming that their account had been compromised by malware. The scammers employed an array of psychological manipulation tactics to gain the victim’s trust and extract sensitive financial information. The fraudsters gained access to the victim’s digital wallet, allowing them to execute unauthorized transactions and - [Russian Crypto Mining Challenged by Proposed Electricity Category](https://news.shib.io/2024/10/08/proposed-new-electricity-category-could-impact-russian-crypto-mining/): The Russian Ministry of Energy is actively proposing the establishment of a fourth reliability category for electricity consumers. The proposed category aims to optimize electricity distribution during periods of low demand. This move is relevant to the crypto industry because electricity is essential for cryptocurrency mining. Mining operations, especially those focused on energy-intensive processes like Bitcoin mining, require continuous power to function efficiently.  If miners fall into this new reliability category, they could face unexpected power cuts, disrupting mining operations, reducing the consistency of rewards, and potentially causing financial losses. Furthermore, unpredictable energy access could make Russian crypto mining less - [Shiba Inu Leads the Pack With Staggering 21M% Gain Since All-Time Low](https://news.shib.io/2024/10/08/shiba-inu-leads-the-pack-with-staggering-21m-gain-since-all-time-low/): Shiba Inu ($SHIB) reigns supreme among a select group of cryptocurrencies, boasting an astounding 21,298,851% gain from its all-time low, eclipsing the impressive returns of other top performers.  Data from crypto price tracker Coinpedia Markets, a platform offering real-time prices, charts, and on-chain data, revealed a select group of digital assets that have defied expectations, with Shiba Inu leading the charge. This remarkable ascent began in 2020 when Shiba Inu emerged as a meme coin, fueled by online trends and a vibrant community.  Few anticipated the astronomical growth that would follow. Coinpedia Markets’ analysis of the top 100 cryptocurrencies showed - [Robinhood Legal Chief Dan Gallagher Eyed for SEC Chair if Trump Wins](https://news.shib.io/2024/10/08/robinhood-legal-chief-dan-gallagher-eyed-for-sec-chair-if-trump-wins/): Former U.S. regulators and securities lawyers have suggested that Dan Gallagher, Robinhood’s chief legal officer, may be a potential candidate for chair of the Securities and Exchange Commission (SEC) if Donald Trump wins the 2024 presidential election. Gallagher, who served as an SEC commissioner from 2011 to 2015, was the CLO at Robinhood in 2020. A report from Politico on October 7 cited a former SEC official who described him as a “natural choice” for the position. Dan Gallagher is not the only name mentioned for the role. Other former officials are reportedly being considered, including Chris Giancarlo, former chair - [Marathon Digital Sued Over Excessive Noise from Crypto Mining Facility](https://news.shib.io/2024/10/08/marathon-digital-sued-over-excessive-noise-from-crypto-mining-facility/): More than two dozen residents of Granbury, Texas, have filed a lawsuit against Marathon Digital Holdings, alleging that the company’s local Bitcoin mining facility is causing “intolerably loud” disturbances.  The group claims that noise coming from the mining site is a significant “nuisance [and is] is resulting in extreme discomfort and annoyance” for those living nearby. The lawsuit, filed last week at a Hood County court, said the residents experienced “sensory, emotional, psychological, and health impacts” attributed to the “constant, unrelenting” noise and vibrations from the facility. They noted symptoms such as fatigue, headaches, memory issues, hearing loss, migraines, and - [ECB Official Proposes European Unified Ledger for Digital Assets](https://news.shib.io/2024/10/08/ecb-official-proposes-european-unified-ledger-for-digital-assets/): An official from the European Central Bank (ECB) is proposing the adoption of a “European ledger,” or a unified platform that would bring digital assets and money across Europe onto a single system. At a symposium hosted by the German central bank recently, ECB Executive Board member Piero Cipollone noted that such a ledger could reduce fragmentation in the region’s financial markets. Cipollone highlighted that Europe’s conventional capital markets are divided and face the challenge of inconsistent laws, yet there is an opportunity to establish a cohesive platform for digital assets. He described the idea as a “digital capital markets - [21Shares Calls for Unified Crypto Rules Across EU](https://news.shib.io/2024/10/08/21shares-calls-for-unified-crypto-rules-across-eu/): Crypto exchange-traded product (ETP) issuer 21Shares has called on European Union regulators to implement a unified framework for including crypto assets in investment products.  Yesterday, 21Shares asked the European Securities and Markets Authority (ESMA) to adjust its rules to allow crypto assets in Undertakings for Collective Investment in Transferable Securities (UCITS) funds, which cater to retail investors. The company noted inconsistencies in the current EU regulations for including crypto in UCITS funds, with some countries allowing it while others do not. “Germany and Malta allow UCITS funds to hold crypto, but other countries such as Luxembourg and Ireland don’t,” said - [Hong Kong SFC Marks 35th Year By Opening Up to Virtual Asset Trading](https://news.shib.io/2024/10/08/hong-kong-sfc-marks-35th-year-by-opening-up-to-virtual-asset-trading/): In celebration of its 35th anniversary, the Hong Kong Securities and Futures Commission (SFC) has expressed a growing commitment to being more open to virtual asset trading platforms (VATPs). Liang Fengyi, the chief executive of the China Securities Regulatory Commission, shared this direction in an exclusive interview with Hong Kong 01. Liang emphasized that the Hong Kong SFC aims to complete this comprehensive framework by 2025, which includes promoting the tokenization of traditional products and leveraging regional chain and Web 3.0 technologies. The SFC’s new strategic priorities, which will guide its efforts from 2024 to 2026, focus on enhancing market - [Asian Crime Groups Exploit Tech for Cyber-Enabled Fraud - Study](https://news.shib.io/2024/10/08/asian-crime-groups-exploit-tech-for-cyber-enabled-fraud-study/): Asian organized crime groups are reportedly converging and leveraging malware, generative artificial intelligence (AI), and deepfakes to expand their reach and increase their gains. Such a trend was shared on Monday in a report by the UN Office on Drugs and Crime (UNODC). The report, titled “Transnational Organized Crime and the Convergence of Cyber-Enabled Fraud, Underground Banking, and Technological Innovation: A Shifting Threat Landscape,” details how criminal organizations are using advanced technologies to disguise their activities, launder money, and evade law enforcement. “Organized crime groups are converging and exploiting vulnerabilities, and the evolving situation is rapidly outpacing governments’ capacity to - [Crypto Monday: Legal Battles, Cybercrime And Bitcoin](https://news.shib.io/2024/10/07/the-shib-crypto-recap-monday-2/): This Monday, The Shib Daily turns it spotlight on the fight to reclaim stolen crypto linked to the infamous Lazarus Group, the exposé of links between organized crime syndicates and cybercrime, Bitcoin’s resilience, and major players expanding their Bitcoin holdings.   Monday Crypto: U.S. Launches Legal Battle The U.S. government is taking legal steps to recover about $2.67 million in cryptocurrency that the Lazarus Group has stolen. This North Korean hacking organization is implicated in major cybercrimes. Two complaints have been filed to seize assets from hacks on Deribit and Stake.com. One filing seeks to recover $1.7 million in Tether - [Bitcoin Remains Top Asset in 2024 Despite Q3 Challenges: Report](https://news.shib.io/2024/10/07/bitcoin-remains-top-asset-in-2024-despite-q3-challenges-report/): Bitcoin has remained the top-performing asset of 2024 despite challenges in the third quarter, according to a report from the New York Digital Investment Group (NYDIG).  The report, issued last friday, noted that Bitcoin recorded a modest 2.5% gain during Q3, recovering from a decline in the second quarter. However, the cryptocurrency faced persistent selling pressure throughout the period. “Bitcoin is still the best-performing asset class in 2024, but its lead has narrowed,” said Greg Cipolaro, head of research at NYDIG. He added that Bitcoin has experienced a 49.2% year-to-date increase, reflecting its resilience despite market challenges. Bitcoin encountered several - [US Is Bent On Seizing Back $2.67M in Crypto Stolen by Lazarus Group](https://news.shib.io/2024/10/07/u-s-is-bent-on-seizing-back-2-67m-in-crypto-stolen-by-lazarus-group/): The United States government has initiated legal action to recover approximately $2.67 million in cryptocurrency stolen by the Lazarus Group, a North Korean-affiliated hacking organization. Last Friday, two complaints were filed seeking to seize assets connected to major hacks targeting the Deribit and Stake.com platforms. The first legal filing seeks to recover about $1.7 million in Tether (USDT) stolen from the Deribit exchange during a 2022 cyberattack. The complaint states that the Lazarus Group breached the platform’s hot wallet, siphoning $28 million. The stolen funds were funneled through Tornado Cash, a known cryptocurrency mixer used to obscure transaction trails. Another - [Russian Evil Corp Syndicate May Have Links With LockBit: Report](https://news.shib.io/2024/10/07/russian-evil-corp-syndicate-may-have-links-with-lockbit-report/): International law enforcement efforts have intensified following reports that the Russia-based cybercrime syndicate Evil Corp may have ties to the ransomware group LockBit. A recent report by Chainalysis reveals that both groups share cryptocurrency infrastructure, indicating potential collaboration. This development comes as the U.S., UK, and Australian governments imposed sanctions on key Evil Corp members for their involvement in widespread financial theft and ransomware attacks. The U.S. Department of the Treasury, alongside the UK’s Foreign, Commonwealth & Development Office (FCDO) and Australia’s Department of Foreign Affairs and Trade (DFAT), imposed sanctions on key figures within Evil Corp last week. This - [Brazil Adds DeFi Integration to Drex Digital Currency Project](https://news.shib.io/2024/10/07/brazil-adds-defi-integration-to-drex-digital-currency-project/): Brazil is making significant strides in its Central Bank Digital Currency (CBDC) initiative, known as Drex, by incorporating elements of decentralized finance (DeFi) into the project. This latest phase aims to modernize the country’s financial infrastructure and introduces innovative experimentation that integrates DeFi concepts into the CBDC framework. Roberto Campos Neto, the President of Banco Central do Brasil, discussed these advancements on October 3, 2024. He emphasized Brazil’s ambition for a multidimensional CBDC that addresses the complex challenges of decentralization, privacy, and programmability. Financial Challenges In his presentation, Neto highlighted that Drex is designed to confront a long-standing financial challenge - [ICHCoin Scam: FBI Urges More Victims to Speak Out](https://news.shib.io/2024/10/07/ichcoin-scam-fbi-urges-more-victims-to-speak-out/): The FBI is urging more victims of the fraudulent cryptocurrency platform, ICHCoin, to come forward. This is after the scam platform reportedly siphoned millions of dollars from unsuspecting individuals across the United States.  Assistant Special Agent in Charge Amanda Culver labeled ICHCoin as both a “scheme” and a “scam.” The scheme typically begins with fake social media profiles reaching out to potential victims on platforms like Instagram and Facebook. These accounts lure users with promises of lucrative investment opportunities in cryptocurrency. Once the initial contact is made, victims are redirected to WhatsApp, where they communicate with individuals posing as experts - [Mark Cuban Calls Memecoins "Drawn-Out Rug Pulls" on Podcast](https://news.shib.io/2024/10/07/mark-cuban-calls-memecoins-drawn-out-rug-pulls-on-podcast/): Investor Mark Cuban delivered harsh words against memecoins when he recently appeared on the Rug Radio podcast.  Cuban described all memecoins as “drawn-out rug pulls” on the platform, saying these have no real-world utility. He even compared memecoin trading to playing roulette. He explained that while these often attract strong communities, they ultimately lack long-term value. “It’s like a game of musical chairs,” Cuban said, highlighting that memecoin investors are essentially gambling, hoping not to be left without a buyer when the music stops. He likened the market to the Greater Fool Theory — a hypothesis suggesting that investors can - [New UAE VAT Rules to Include Exemptions for Crypto](https://news.shib.io/2024/10/07/new-uae-vat-rules-to-include-exemptions-for-crypto/): The UAE Federal Tax Authority (FTA) has announced significant amendments to the Executive Regulation of Federal Decree-Law No. 8 of 2017 on Value Added Tax (VAT).  These changes, which come into effect on November 15, 2024, under Cabinet Decision No. 100 of 2024, aim to enhance clarity, provide detailed guidelines, and align VAT procedures with broader tax legislation. New UAE VAT Rules for November The amendments aim to refine existing provisions to ensure compliance and transparency in the UAE’s evolving tax landscape. The changes target key areas, including the export of goods and services, financial services, and virtual assets. Among - [#MakeNowMeme Lets TikTok Users Make Their Own Memecoins](https://news.shib.io/2024/10/07/makenowmeme-lets-tiktok-users-make-their-own-memecoins/): TikTok has introduced a new hashtag — #MakeNowMeme — that allows users to create their own memecoins directly from the app.  Makenow.meme enables users to claim 4% of the total supply of any memecoin they create — and it starts with connecting a TikTok account to the platform.   Memecoins, once seen as a niche in the cryptocurrency market, are surging in popularity following Bitcoin’s recent rally. Many of these digital coins have posted impressive double-digit gains over the past 30 days, sparking renewed interest and leading investors to question whether another memecoin season is on the horizon. This trend - [Metaplanet Expands Bitcoin Holdings with $6.7M Buy](https://news.shib.io/2024/10/07/metaplanet-expands-bitcoin-holdings-with-6-7m-buy/): Japanese investment firm Metaplanet announced on Monday that it has added 108.78 Bitcoin to its holdings, purchasing the cryptocurrency for 1 billion yen ($6.7 million). This acquisition increases the company’s total Bitcoin holdings to 639.5 BTC, valued at approximately 5.96 billion yen ($40 million). Metaplanet has been following an aggressive Bitcoin acquisition strategy, similar to that of U.S. company MicroStrategy. The firm has been purchasing Bitcoin as part of a corporate treasury management plan, a shift aimed at addressing economic challenges in Japan, such as negative interest rates and quantitative easing. Since adopting this Bitcoin-focused strategy, the company has seen - [Dev Who Burned Himself For His DARE Token Calls It Quits](https://news.shib.io/2024/10/07/dev-who-burned-himself-for-his-dare-token-calls-it-quits/): Mikol, the developer behind the Solana-based meme coin Truth or Dare (DARE), has announced he is stepping away from the project after a dangerous stunt left him hospitalized with third-degree burns.  The meme coin initiative that Mikol spearheaded, Truth or Dare, gained attention as he engaged in live-streamed stunts to boost his cryptocurrency’s value. Over a period of six days, Mikol’s eccentric performances escalated until a stunt involving him covering himself in isopropyl alcohol and being targeted with fireworks by his associates led to a dangerous situation. He inadvertently set himself on fire, resulting in severe third-degree burns over 30% - [The Weekly Meme Digest](https://news.shib.io/2024/10/06/the-weekly-meme-digest-19/): 🎉 Meme-ify Your Crypto Week: The Weekly Meme Digest is Back! 🐕🔥 Welcome back, fellow degens, to The Weekly Meme Digest, your much-needed breather in the chaos of crypto, blockchain, and web3! While everyone else is busy throwing around boring headlines, we’re here to dish up the juiciest gossip with a side of memes. Because let’s face it: we’re here for the Shiba Inu energy—smart, unfiltered, and totally meme-worthy. This isn’t your typical, yawn-inducing news roundup. Nah, we’re keeping it fresh, spicy, and sarcastic, just the way you like it. 😎💥 This week’s edition? Let’s just say it’s serving more - [Snowden at Token 2049: Crypto's Calcified, Billionaires Beware, and Solana? Just Memes and Scams!](https://news.shib.io/2024/10/06/snowden-at-token-2049-cryptos-calcified-billionaires-beware-and-solana-just-memes-and-scams/): Welcome to the crypto party, where Edward Snowden just dropped the mic in a way that only Snowden can. Speaking at Token 2049 in Singapore, the former NSA contractor turned privacy advocate had some spicy takes, and boy, did he stir the pot. You’d think the CIA would be old news, but Snowden’s back to remind us that Big Brother is watching—everyone—and it’s not just the government’s hobby anymore. 😎 First, Snowden’s tale of how Pavel Durov, founder of Telegram, was almost held hostage in France is giving off James Bond meets tech bro vibes. Snowden didn’t hold back, explaining - [Coinbase to Drop Tether in the EU: Because Who Needs Stability When You Can Have Rules?](https://news.shib.io/2024/10/06/coinbase-to-drop-tether-in-the-eu-because-who-needs-stability-when-you-can-have-rules/): Have you heard about the latest drama brewing in the EU? Coinbase is about to make your holiday season extra spicy. Starting December 30, Europe’s crypto scene might be waving goodbye to some of its beloved stablecoins—chief among them, Tether. Yes, you heard that right, the largest stablecoin might soon be persona non grata in the EU, thanks to the snazzy new Markets in Crypto Assets (MiCA) regulations, MiCA, the EU’s new crypto sheriff, cracking down on stablecoins without proper licenses. 🤠 🎄🎁 Coinbase is playing the role of the responsible adult at the crypto party (we know, ironic, right?), - [Hacker Buffet: September Served Up $120 Million in Crypto Hacks](https://news.shib.io/2024/10/06/hacker-buffet-september-served-up-120-million-in-crypto-hacks/): Buckle up, crypto fans—September 2024 was a wild month for hacks, with over $120 million stolen in just a few high-profile heists. That’s right, hackers made off with more than your typical “rug-pull” haul, targeting centralized and decentralized platforms alike, making it one of the most significant crypto-crime months of the year. 🚨💸 Leading the list of casualties was Singapore-based exchange BingX, which saw an eye-watering $44 million vanish in a single incident​. Not to be outdone, Indodax, one of Indonesia’s largest crypto exchanges, had $22 million stolen. Imagine waking up and realizing that a chunk of your entire platform’s - [The Irony of Financial Freedom for the Elite: Trump’s Crypto Venture Excludes the Average Joe](https://news.shib.io/2024/10/06/the-irony-of-financial-freedom-for-the-elite-trumps-crypto-venture-excludes-the-average-joe/): Howdy, howdy all you lovely people😃. We are back with yet another series full of fun and frolic! We promise this one is really gonna get you on the floor screaming LOL!😁 As you might have guessed already, we are delving deep into the Trump family again😛. In a twist of irony that could only be scripted in today’s financial landscape, World Liberty Financial—the DeFi platform has rolled out its whitelist for accredited investors. It left the average American out in the cold😐.  The company’s mission to bring “financial freedom to everyone” rings hollow when it comes with a hefty - [The Great Satoshi Guessing Game: Crypto Bros Buzzing Over HBO Doc’s Big Reveal ](https://news.shib.io/2024/10/06/the-great-satoshi-guessing-game-crypto-bros-buzzing-over-hbo-docs-big-reveal/): Well, hello there, conspiracy theorists. 🕵🏽 An upcoming HBO documentary titled Money Electric: The Bitcoin Mystery claims it’s cracked the case of Satoshi Nakamoto—the genius behind Bitcoin who’s been playing hide-and-seek for ages. 🐱‍👤 If they’re onto something, we might just have a billionaire on our hands! Satoshi could be controlling about 1.1 million Bitcoin. 🤑 This means the mysterious Bitcoin mastermind could be worth around $66 billion… assuming they haven’t lost the digital keys to their crypto treasure chest. I mean, who hasn’t lost a few keys before, right? 🛅 It’s a mixed bag of feelings out there, but - [DeFi Projects Under Attack: EigenLayer Loses Nearly $6M While K9 Finance Reveals Security Threat](https://news.shib.io/2024/10/05/defi-projects-under-attack-eigenlayer-loses-nearly-6m-while-k9-finance-reveals-security-threat/): A wave of security breaches is washing over the decentralized finance (DeFi) landscape, leaving investors on edge and projects scrambling to contain the damage. From multi-million dollar exploits to sophisticated phishing campaigns, the attacks targeting EigenLayer, Symbiotic, and K9 Finance DAO this week expose the vulnerabilities of this rapidly evolving sector and underscore the critical need for enhanced security measures.  The decentralized finance (DeFi) space is reeling from a series of security incidents this week, with EigenLayer, Symbiotic, and K9 Finance DAO all facing separate attacks. EigenLayer, a restaking protocol, suffered a significant loss of approximately $5.7 million after a - [Is This Memetober Already? Shiba Inu Could Surge By 351%, Analyst Predicts](https://news.shib.io/2024/10/05/shiba-inu-could-surge-by-351-analyst-predicts-is-this-memetober-already/): The scent of a potential price pump hangs heavy in the digital air. A blend of speculation and excitement that whispers of meme magic. Is Memetober already upon us? One analyst thinks so, pointing to the recent price action of Shiba Inu and predicting a potential 351% surge that could send the dog-themed token to the moon.  Shiba Inu (SHIB), the popular dog-themed altcoin, has shown renewed strength in recent trading, breaking out of a falling wedge pattern, according to crypto analyst Javon Marks (@JavonTM1 on X).  Marks, (@JavonTM1 on X), told their nearly 43K followers, the significant upside potential - [Shibarium Gets Its First Telegram Trading Bot, BarkBot Via K9 Finance DAO](https://news.shib.io/2024/10/05/shibarium-gets-its-first-telegram-trading-bot-barkbot-via-k9-finance-dao/): The tantalizing aroma of innovation hangs heavy in the air, a scent familiar to the crypto world, yet distinctly different. BarkBot, the first Telegram-based trading bot built on the Shibarium network, promises to reshape the decentralized finance (DeFi) landscape, one Telegram message at a time. Its arrival marks not just a new tool for traders, but a potential catalyst for the entire Shiba Inu ecosystem. The Shiba Inu community, affectionately known as the ShibArmy, had long yearned for a more accessible entry point into the sometimes daunting world of DeFi. Navigating complex interfaces and grappling with the intricacies of blockchain - [The Shib Crypto Recap: Friday](https://news.shib.io/2024/10/04/the-shib-crypto-recap-friday-2/): Friday’s top news headlines bring a wave of security issues within the Web3 ecosystem, highlighting the persistent challenges that threaten the safety of digital assets. Concurrently, there are significant developments in regulatory frameworks, particularly with the introduction of stricter Anti-Money Laundering (AML) guidelines designed to safeguard against illicit activities. Alongside these developments is a growing trend towards integrating traditional financial systems with digital currencies, paving the way for a more cohesive financial landscape. Stolen Fortunes: $750 Million Lost in Q3 2024 Web3 Hacks and Michael Terpin’s $24 Million Lost in Recent SIM Swap Scam In its Q3 2024 Hack3d report, - [Russian Hackers Use Fake AI Websites to Steal Crypto Wallet Info - Report](https://news.shib.io/2024/10/04/russian-hackers-use-fake-ai-websites-to-steal-crypto-wallet-info-report/): Russian hackers are using fake AI websites to steal sensitive information, including cryptocurrency wallet details. According to a report from cybersecurity firm Silent Push, the hacking group behind the attack, known as FIN7, created deceptive websites that promise AI-generated non-consensual nude images but instead distribute malware. These fake AI websites lure users by offering seemingly legitimate services that allow individuals to upload images and generate deepfake content. However, when users attempt to download the promised images, they are directed to a Dropbox link that either fails to work or delivers malware to their devices. The malware deployed, identified as RedLine - [Cambodian Journalist Mech Dara Charged After Exposing Crypto Scams](https://news.shib.io/2024/10/04/cambodian-journalist-mech-dara-charged-after-exposing-crypto-scams/): Renowned Cambodian journalist Mech Dara has been arrested and charged with “incitement to cause public disorder” after sharing images on social media that reportedly showed the destruction of stairs at a religious site by a quarry operation.  The post, now deleted, has drawn accusations from authorities that Dara was attempting to create social unrest. His lawyer confirmed that he was charged under articles 494 and 495 of Cambodia’s Criminal Code, which carries a prison sentence of up to two years. Human rights groups believe Dara’s arrest may be linked to his investigative reporting on crypto-related scams and human trafficking. Before - [Live Trials of Swift-Powered Digital Asset Transactions to Start in 2025](https://news.shib.io/2024/10/04/live-trials-of-swift-powered-digital-asset-transactions-to-start-in-2025/): Banks across North America, Europe, and Asia will utilize the Swift network for live trials of digital asset and currency transactions beginning in 2025.  Swift is poised to interlink central bank digital currencies (CBDCs) globally and merge various digital asset and cash networks. According to a press release, the initial use cases for the trials will focus on critical areas such as payments, foreign exchange (FX), securities, and trade, enabling multi-ledger Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) transactions. Around 134 countries are currently exploring the implementation of CBDCs, and the tokenized asset market is projected to soar to $16 trillion by 2030. - [Bitcoin Mining, AI Data Centers Drive Energy Demand in Texas - Report](https://news.shib.io/2024/10/04/bitcoin-mining-ai-data-centers-drive-energy-demand-in-texas-report/): Bitcoin mining has surged in popularity in Texas, contributing significantly to the state’s rising electricity demand.  According to CleanTechnica, citing a report from the Electric Reliability Council of Texas (ERCOT), the state’s power grid is expected to experience a sharp increase in energy consumption, driven by industries like cryptocurrency mining and artificial intelligence (AI) data centers. ERCOT estimates that Texas will require an additional 65,000 megawatts of electricity by 2030 to meet demand from these sectors and the growing population. During a Senate committee meeting early this year, Texas lawmakers expressed concerns about the strain Bitcoin mining and AI data - [CertiK: Over $750M Stolen in Web3 Security Breaches in Q3 2024](https://news.shib.io/2024/10/04/certik-over-750m-stolen-in-web3-security-breaches-in-q3-2024/): CertiK, a blockchain security firm, released its Q3 2024 Hack3d report, revealing over $750 million lost to Web3 security breaches across 155 incidents.  This brings the total value stolen in 2024 to nearly $2 billion. While the number of incidents declined compared to the previous quarter, the total value lost increased by 9.5%. Phishing attacks and private key compromises were the leading causes of theft, accounting for $668 million in losses. Phishing, a technique where attackers impersonate legitimate entities to gain sensitive information, resulted in $343.1 million lost over 65 incidents. A notable phishing attack involved stealing $238 million in - [Taiwan FSC Tightens AML Rules and Expands Access for Crypto Investors](https://news.shib.io/2024/10/04/taiwan-fsc-tightens-aml-rules-and-expands-access-for-crypto-investors/): Taiwan’s Financial Supervisory Commission (FSC) has introduced new rules to tighten anti-money laundering (AML) measures in the crypto sector. The FSC has developed a draft of the “Money Laundering Prevention and Registration Measures for Enterprises or Personnel Providing Virtual Asset Services,” also known as the VASP Registration Measures. This draft includes amendments to the “Virtual Currency Platform and Trading Business Enterprise Prevention and Control Measures,” along with the “VASP Anti-Terrorism Measures.” Key Features of the Draft VASP Rules The draft VASP registration regulations consist of 31 articles addressing various aspects of virtual asset services. Key components include: Taiwan FSC Scraps - [Teen Sued for $24M Theft in SIM Swap Scam](https://news.shib.io/2024/10/04/teen-sued-for-24m-theft-in-sim-swap-scam/): Cryptocurrency investor Michael Terpin sued a recent high school graduate for allegedly stealing $24 million worth of his digital assets in a sophisticated SIM swap scam.  Terpin claimed that the thief exploited a vulnerability in the two-factor authentication (2FA) system protecting his cryptocurrency wallet. The lawsuit also sees Terpin seeking an additional $45 million in damages from telecommunications giant AT&T, accusing the company of negligence in failing to prevent the attack. Terpin, a prominent figure in the cryptocurrency world, alleged that the teenager successfully bypassed his 2FA protections by taking control of his SIM card.  Blockchain investigator ZachXBT expressed his - [BBVA Bank Eyes Stablecoin Launch Amid Growing Popularity of Digital Assets](https://news.shib.io/2024/10/04/bbva-bank-eyes-stablecoin-launch-amid-growing-popularity-of-digital-assets/): Spain’s second-largest bank, BBVA, plans to launch its own stablecoin in 2025 in collaboration with Visa.  Wu Blockchain mentioned this move in an X post on Thursday. This comes as stablecoins, digital currencies pegged to the value of a traditional asset like the U.S. dollar or euro, continue to gain popularity among financial institutions, businesses, and consumers alike. BBVA is currently participating in Visa’s new project. Its stablecoin initiative is in the sandbox phase, which allows for early-stage testing of the concept. The goal is to move into the prototype and operational phases by next year. Stablecoin Dominance Spurs Regulatory Concerns - [The Shib Crypto Recap: Thursday](https://news.shib.io/2024/10/03/the-shib-crypto-recap-thursday-2/): Today’s top cryptocurrency headlines are focused on conversations about regulatory leadership changes, Edward Snowden’s remarks criticizing Solana, the growing influence of cryptocurrency on U.S. politics, and self-custody practices in crypto highlighted by a major bank’s recent technical outage. Grewal’s Resignation: A Catalyst for Change or a Sign of Trouble at the SEC? A cloud of uncertainty surrounds the U.S. Securities and Exchange Commission (SEC) as its top enforcer, Gurbir S. Grewal, plans to resign effective October 11, 2024. This sudden departure is stirring speculation in the financial and cryptocurrency sectors, with many questioning the reasons behind it. The short notice - [Uptober Blues: Can Crypto Overcome Market Anxieties and Geopolitical Strife?](https://news.shib.io/2024/10/03/uptober-blues-can-crypto-overcome-market-anxieties-and-geopolitical-strife/): Uptober, a term coined within the cryptocurrency community, typically describes a month of bullish activity and upward price movements. This usually takes place as the market prepares for the year-end rally. Historically, enthusiasts have looked forward to renewed investments, an increase in trading volumes, and various crypto-related events. This period typically includes major conferences and community meetups. However, this year’s Uptober so far doesn’t seem to be taking off as anticipated. Several factors contribute to this stalled momentum, with geopolitical tensions—particularly the escalating conflict between Iran and Israel—remaining a significant concern. Such factors are currently weighing heavily on market enthusiasm. - [Ripple Preps for New Legal Battle as SEC Appeals Court Decision](https://news.shib.io/2024/10/03/ripple-preps-for-new-legal-battle-as-sec-appeals-court-decision/): Ripple Labs CEO Brad Garlinghouse has pledged to continue the company’s legal fight with the U.S. Securities and Exchange Commission (SEC) after the regulator announced plans to appeal a recent court ruling. The appeal follows Ripple’s partial victory in a lawsuit filed by the SEC in 2020, which accused the company of illegally selling unregistered securities through its XRP token. In a post on X (formerly Twitter) yesterday, Garlinghouse stated, “Somehow, they still haven’t gotten the message: they lost on everything that matters,” referring to the SEC’s decision to challenge the ruling. He added, “While we’ll fight in court for - [Three Generations of Jeans Makers, One Leap into Crypto: Orod Jeans & Shiba Inu](https://news.shib.io/2024/10/03/three-generations-of-jeans-makers-one-leap-into-crypto-orod-jeans-shiba-inu/): Orod Jeans, a 70-year-old family business, stands at this intersection of tradition and innovation, in the heart of Tehran where the scent of spices and the clatter of commerce mingle with the hum of a digital revolution. Across three generations, the family has stitched together a legacy of quality craftsmanship and competitive pricing.  Now, they’re taking a bold leap into the future, embracing Shiba Inu and its governance token, Bone, as forms of payment. More than just a business decision, this strategic move is a family’s testament to the transformative power of cryptocurrency. The story began in the post-World War - [Ethereum Whale Sells $47.5M Worth of ETH as Market Slumps](https://news.shib.io/2024/10/03/ethereum-whale-sells-47-5m-worth-of-eth-as-market-slumps/): An Ethereum whale participating in the blockchain’s initial coin offering (ICO) in 2014 has begun selling large portions of Ether.  According to Lookonchain, an on-chain analytics platform, the entity sold 19,000 ETH, valued at approximately $47.5 million, over the last two days. The sales followed an earlier transaction in late September, where more than 12,000 ETH, worth $31.6 million, was sent to Kraken. Lookonchain reported that the entity acquired 150,000 ETH during Ethereum’s ICO for around $46,500. Today, that amount is worth nearly $400 million. The recent sales have coincided with a sharp decline in Ethereum prices, which have dropped - [Coinbase Seeks Court Order Forcing CFTC to Release SEC Docs](https://news.shib.io/2024/10/03/coinbase-seeks-court-order-forcing-cftc-to-release-sec-docs/): Coinbase has petitioned a federal court to compel the Commodity Futures Trading Commission (CFTC) to disclose communications with several cryptocurrency token issuers. The exchange seeks this information to defend against a lawsuit from the Securities and Exchange Commission (SEC), which alleges that Coinbase sold unregistered securities. According to a motion filed on Tuesday, Coinbase is asking for the CFTC’s communications with the issuers of 12 cryptocurrencies that the SEC claims are unregistered securities. “This information is critical to Coinbase’s ability to defend itself against the allegations,” the company stated in its filing. The exchange also requested documents regarding the CFTC - [Crypto Offers Shield Against State Overreach, Snowden Declares](https://news.shib.io/2024/10/03/crypto-offers-shield-against-state-overreach-snowden-declares/): Edward Snowden, the name synonymous with whistleblowing and the fight for digital privacy, delivered a message that resonated deeply within the crypto community, championing cryptocurrency as a powerful tool to protect free speech and limit the unchecked power of governments.  Speaking at the Token 2049 conference in Singapore, Snowden argued that decentralized, censorship-resistant technologies like Bitcoin offer a bulwark against state control, particularly in the financial and communication realms. His message resonates deeply within the crypto community, where concerns about government overreach and the erosion of privacy are widespread. Crypto: A Bulwark Against the Expanding Reach of the State Snowden’s - [Bank of America Outage Highlights Crypto Mantra: Not Your Keys, Not Your Coins](https://news.shib.io/2024/10/03/bank-of-america-outage-highlights-crypto-mantra-not-your-keys-not-your-coins/): Bank of America’s recent technical outage, which left thousands of customers unable to access their accounts or seeing $0 balances, has reignited the cryptocurrency community’s mantra: “Not your keys, not your coins.” The outage occurred yesterday due to a glitch affecting mobile and online banking platforms. This sparked widespread concern as customers were temporarily locked out of their finances, leading some to vent their frustration on social media. For many in the crypto space, this was a stark reminder of the importance of controlling one’s financial assets. The Bank of America outage is a perfect case study for crypto advocates - [Telegram Clarifies Privacy Policy Amid User Concerns](https://news.shib.io/2024/10/03/telegram-clarifies-privacy-policy-amid-user-concerns/): Telegram has once again emphasized that its practice of disclosing user information to authorities remain largely unchanged, adding that strict conditions have been in place since 2018. In his Telegram channel, co-founder Pavel Durov explained that while Telegram’s privacy policy allows it to share IP addresses and phone numbers of criminals with authorities in most countries, the request still needs to meet specific legal requirements. Durov noted that these requests have always been processed through proper communication channels and that the platform ensures the requests are legitimate before disclosing any information. “We’ve always strived to comply with relevant local laws - [Ro Khanna Champions Bitcoin's Role in US Financial Strategy](https://news.shib.io/2024/10/03/ro-khanna-champions-bitcoins-role-in-us-financial-strategy/): Democratic representative Ro Khanna has emerged as a vocal advocate in solidifying Bitcoin’s place in America’s financial strategy. According to analytics platform Radar on X, Khanna called for the U.S. to hold onto Bitcoin seized from criminal activities rather than auctioning it off, as has been standard practice. He also reportedly highlighted the digital currency’s role in positioning the U.S. at the forefront of the global crypto economy. JUST IN: 🇺🇸 Congressman Ro Khanna supports establishing a #Bitcoin Strategic Reserve pic.twitter.com/C3RVfK0SlW — Radar🚨 (@RadarHits) October 2, 2024 As Bitcoin’s value continues to surge, lawmakers also increasingly consider it a potential - [Bitcoin Friday Futures Launch Sees 31K Contracts Traded on Day 1](https://news.shib.io/2024/10/03/bitcoin-friday-futures-launch-sees-31k-contracts-traded-on-day-1/): CME Group, the derivatives marketplace, has announced that its Bitcoin Friday futures (BFF) have launched and are available for trading.  With more than 31,000 contracts traded on day one, BFF is said to be CME’s most successful crypto futures launch ever. “With more than 31,000 contracts traded on day one, Bitcoin Friday futures have become our most successful crypto futures launch ever,” said Giovanni Vicioso, Global Head of Cryptocurrency Products at CME Group. The BFF launch represents a significant advancement in the broadening of crypto derivatives markets, offering investors a flexible and efficient way to manage their Bitcoin exposure. The - [India Battling Cyber Slavery and Human Trafficking in Southeast Asia](https://news.shib.io/2024/10/03/india-battling-cyber-slavery-and-human-trafficking-in-southeast-asia/): Cyber slavery has reportedly entrapped tens of thousands of Indians across several countries in Southeast Asia. They are forced to work for online scammers targeting Indians at home and defrauding millions of dollars from them. Now the Indian government is cracking down on this crime. According to a report from WION, India’s telecom ministry disconnected 21.7 million mobile phone connections and blocked some 226,000 handsets in a bid to handle the issue. It also set up an inter-ministerial panel which includes the Home Ministry, Immigration Bureau, Financial Intelligence Unit, Reserve Bank of India, Information Technology Ministry, and National Investigation Agency (NIA). - [Crypto Voters May Influence US Politics - Study](https://news.shib.io/2024/10/03/crypto-voters-may-influence-us-politics-study/): Cryptocurrency is no longer just a digital asset. It’s rapidly becoming a political force reshaping how Americans engage with the democratic process. Per a recent ConsenSys report, pro-crypto policies have the potential to significantly influence voter behavior. It can also capture the attention of the growing crypto electorate. The study reveals that crypto voters are emerging as a growing constituency with the potential to influence elections. However, it also says that these voters are pushing beyond election results to transform how governance is discussed in the United States. They have their ideals rooted in blockchain technology — such as decentralization, - [Solana Centralized? Edward Snowden Questions Its Utility Beyond 'Meme Coins and Scams'](https://news.shib.io/2024/10/03/solana-edward-snowden-labels-sol-centralized-questions-its-utility-beyond-meme-coins-and-scams/): A stinging critique from Edward Snowden, the former National Security Agency contractor turned privacy advocate, casts a shadow over the Solana blockchain. Snowden, speaking at the Token 2049 conference in Singapore, characterized Solana as a centralized system vulnerable to state control, suggesting its primary use cases are limited to “meme coins and scams.” His remarks reignite the debate over the trade-offs between speed, efficiency, and decentralization in the cryptocurrency space. Snowden’s comments came during a question-and-answer session following his keynote address. An audience member asked about designing secure technology, prompting Snowden to contrast Bitcoin’s “calcified” but decentralized structure with projects - [Is Gensler Next? SEC Enforcement Chief's Abrupt Exit Sparks Controversy](https://news.shib.io/2024/10/03/sec-enforcement-chiefs-abrupt-exit-sparks-controversy-is-gensler-next/): A cloud of speculation hangs over the U.S. Securities and Exchange Commission (SEC) as Gurbir S. Grewal, the agency’s top enforcer, prepares to abruptly depart. His announced resignation, effective October 11, 2024, has sent ripples through the financial and cryptocurrency worlds, with some observers suggesting more than meets the eye. The nine-day notice, the lack of a permanent replacement, and the politically charged atmosphere surrounding the SEC all fuel the intrigue. The SEC’s press release, issued Wednesday, painted a picture of amicable departure and lauded Grewal’s three-year tenure. Chair Gary Gensler praised Grewal’s commitment to investor protection and highlighted the - [SHIB's Uptober](https://news.shib.io/2024/10/02/shibs-uptober/): Read the latest edition of The Shib magazine here. - [The Shib Crypto Recap: Wednesday](https://news.shib.io/2024/10/02/the-shib-crypto-recap-wednesday-2/): In today’s cryptocurrency news, the focus predominantly lies on regulatory measures affecting the crypto market and high-profile crypto theft cases. These highlight the growing concerns and complexities that plague this industry. Meanwhile, optimistic signals are gaining traction in the Shiba Inu universe as of late. September saw promising gains for the dog-themed altcoin. Uruguay Joins LATAM Crypto Movement: New Law Empowers Central Bank to Oversee Digital Assets Uruguay has introduced a law to regulate cryptocurrency. It is now among the few nations within Latin America with a legal framework for crypto trading. The law empowers the Central Bank of Uruguay - [Shiba Inu's Ascent: Decoding the Recent Price Surge with CIFDAQ Chairman](https://news.shib.io/2024/10/02/shiba-inus-ascent-decoding-the-recent-price-surge-with-cifdaq-chairman/): Shiba Inu, the meme coin that once seemed content to play in the shadows of Dogecoin, is experiencing a moment in the sun. A recent price surge has propelled SHIB into the spotlight, leaving many wondering if this playful pup has finally grown into a formidable force in the crypto market. To understand the factors driving this remarkable ascent, The Shib turned to Himanshu Maradiya, Founder and Chairman of CIFDAQ Blockchain Ecosystem India Ltd., a seasoned business leader and blockchain visionary with a deep understanding of the forces shaping the digital asset landscape. The Shib: What are the underlying factors driving - [Defying the September Curse: An Exclusive Interview with Shibtoshi on Shiba Inu Price Surge](https://news.shib.io/2024/10/02/defying-the-september-curse-an-exclsuive-interview-with-shibtoshi-on-shiba-inu-price-surge/): Shiba Inu, the meme coin that once seemed destined to be a fleeting internet sensation, is defying expectations and rewriting its own narrative. As the project expands its ecosystem and navigates the often turbulent waters of the cryptocurrency market, a question hangs in the air: can SHIB shed its meme coin image and emerge as a serious contender in the digital asset arena? A recent price surge, defying market predictions and igniting a wave of renewed interest, suggests that Shiba Inu may be on the cusp of a profound transformation. To delve into the forces driving this remarkable ascent, The - [Deciphering the Shiba Inu Surge: A Q&A with Blockchain Expert Anndy Lian](https://news.shib.io/2024/10/02/shiba-inu-surge-deciphering-a-qampa-with-blockchain-expert-anndy-lian/): The Shiba Inu token has taken the crypto world by storm, experiencing a dramatic price surge that has left many wondering about the driving forces behind its momentum. To understand this phenomenon, The Shib sat down with Anndy Lian, a renowned blockchain expert and seasoned industry insider, to get his perspective on the factors fueling Shiba Inu’s rise and its potential for long-term success. The Shib: What are the underlying factors driving Shiba Inu’s recent price surge? Are there any fundamental changes in the cryptocurrency market or within the Shiba Inu ecosystem that have contributed to this growth? How has - [Aussie Police Seizes $6.4M in Crypto from Ghost App Maker](https://news.shib.io/2024/10/02/aussie-police-seizes-6-4m-in-crypto-from-ghost-app-maker/): The Australian Federal Police (AFP) seized $6.4 million (approx. A$9.3 million) in cryptocurrency from Jay Je Yoon Jung, the creator of the encrypted Ghost network. Authorities claim organized crime groups used the app for illegal activities, including drug trafficking and money laundering. The AFP stated today that its Criminal Assets Confiscation Taskforce (CACT) could access the cryptocurrency by deciphering the account’s seed phrase.  The seed phrase was reportedly found by analyzing digital devices recovered during a raid at Jung’s residence. The police explained, “This allowed the AFP to access the cryptocurrency to be transferred into secure AFP cryptocurrency storage.” Jung - [Prosecutors Charge South Korean Group in $22.7M Crypto Fraud](https://news.shib.io/2024/10/02/prosecutors-charge-south-korean-group-in-22-7m-crypto-fraud/): Prosecutors in South Korea have charged a group of suspected fraudsters accused of impersonating regulators to scam victims out of $22.7 million. According to local media reports, the group was led by four men in their 40s who allegedly tricked users into paying $5,000 in Tether (USDT). Fake Exchanges and Crypto Fraud in South Korea Authorities allege that the group created fraudulent trading platforms, including BISSNEX and BDCDP, which pretended to be legitimate crypto exchanges. They reportedly used YouTube channels and the Naver Band chat app to attract investors. Prosecutors say that once victims were on these platforms, the group - [Uruguay Introduces Law to Regulate Crypto Market](https://news.shib.io/2024/10/02/uruguay-introduces-law-to-regulate-crypto-market/): Uruguay has officially introduced a law to regulate cryptocurrency, making it one of the few LATAM countries with a legal framework for crypto trading. The law, approved by parliament and signed by President Luis Lacalle Pou, grants the Central Bank of Uruguay supervisory powers over domestic crypto exchanges and operators. According to reports from media outlets Ámbito Financiero and iProUP, the law provides the Central Bank with “supervisory and regulatory” authority over crypto-related activities, including registering crypto exchanges, fund managers, and wallet operators. The law also mandates adherence to anti-money laundering (AML) and counter-financing of terrorism (CFT) regulations. A registry - [Buterin Defends Hezbollah Betting Section on Polymarket](https://news.shib.io/2024/10/02/buterin-defends-hezbollah-betting-section-on-polymarket/): Ethereum co-founder Vitalik Buterin has expressed support for war-related betting markets on Polymarket, the decentralized predictions platform. His comments came after crypto community member “Legendary” raised concerns on X (formerly Twitter) regarding the existence of a Hezbollah betting section. The user argued that such markets trivialize conflict by turning it into a bet, likening it to a “football game to bet on.” In response, Buterin defended Polymarket, stating, “There are all kinds of people (including elites) on Twitter and the internet making harmful and inaccurate predictions about conflicts.”  He added that it’s valuable to see if those with “actual skin - [Crypto Influencer Jeremy Cahen on Puerto Rico Most Wanted List](https://news.shib.io/2025/02/07/crypto-influencer-jeremy-cahen-on-puerto-rico-most-wanted-list/): Crypto entrepreneur Jeremy Cahen, known online as “Pauly0x,” has been added to San Juan, Puerto Rico’s updated “Most Wanted” list for aggravated assault, authorities confirm. Local news outlet Metro Puerto Rico reports that, according to police, fugitives on the list, including Cahen, are considered armed and highly dangerous, with active arrest warrants issued for them. Cahen’s bail is set at $75,000. Jeremy Cahen has built a significant online presence, especially on social media platforms like Instagram and X. He also founded the controversial decentralized crypto project Pond0x, which was initially promoted as an “unstoppable” and permissionless protocol but quickly faced - [Powered by Shib Operating System](https://news.shib.io/2025/02/06/powered-by-shib-operating-system/): Read the latest edition of The Shib Magazine here. - [DeepSeek AI Ban: Hawley’s Bill Seeks to Cut US-China AI Ties, Impose Jail Time](https://news.shib.io/2025/02/06/deepseek-ai-ban-hawleys-bill-seeks-to-cut-us-china-ai-ties-impose-jail-time/): U.S. Senator Josh Hawley has proposed a new bill that seeks to block the import and export of artificial intelligence technologies between the U.S. and China, citing national security threats. The bill, titled the “Decoupling America’s Artificial Intelligence Capabilities from China Act,” does not specifically reference the Chinese AI company DeepSeek. Instead, it emphasized the broader goal of safeguarding U.S. intellectual property and preventing foreign adversaries from leveraging technologies that could compromise national security. “We cannot risk empowering our top adversary at the cost of our own strength. To maintain America’s economic dominance, we must sever China’s access to American - [CFTC Shifts Focus to Combat Fraud, Realigns Priorities for Digital Assets](https://news.shib.io/2025/02/06/cftc-shifts-focus-to-combat-fraud-realigns-priorities-for-digital-assets/): Caroline Pham, the acting chair of the U.S. Commodity Futures Trading Commission (CFTC), has revealed that the agency will be phasing out its approach to regulation through enforcement. In a notice issued on February 4, Pham announced that the CFTC is realigning its Division of Enforcement priorities to concentrate on combating fraud. The commission plans to establish two specialized task forces: one dedicated to complex fraud and the other focused on retail fraud, ensuring a targeted approach to enforcement efforts. “This task force realignment will enhance our vigorous and energetic enforcement program by empowering our talented staff to focus their - [White House Ends Politico Payments as Musk Leads Spending Crackdown](https://news.shib.io/2025/02/06/white-house-ends-politico-payments-as-musk-leads-spending-crackdown/): Politico staff have been experiencing delays in their bi-weekly direct deposits this week, sparking speculation that Elon Musk’s efforts to curb government spending may have contributed to the issue. According to Fox News Digital, an employee shared that management did not address the issue until 9 a.m., attributing the delay to a “technical error.” The Politico employee further stated that as staff members grew increasingly anxious, many concerns remained unanswered.  On Wednesday, White House Press Secretary Karoline Leavitt announced that Politico, a U.S.-based news outlet, has been receiving government funding — support that is set to end as the Department - [AI Granny ‘Daisy’ Outsmarts Scammers, Wastes Their Time for Fun](https://news.shib.io/2025/02/06/ai-granny-daisy-outsmarts-scammers-wastes-their-time-for-fun/): An AI-powered bot named Daisy is giving scammers a hard time by annoying them with persistent, frustrating conversations. Designed as a virtual grandma, Daisy has become an unexpected tool in the fight against fraudsters, turning the tables by wasting their time and disrupting their schemes. O2, a British telecom provider, created Daisy at the end of last year to tackle phone fraud. Since its launch, Daisy has proven to be an effective tool in disrupting scams by engaging fraudsters in lengthy, unproductive conversations, helping to minimize their impact and highlight how AI can be used to fight back against such - [FDIC Clears Banks to Manage Crypto, Offer Token Deposits Freely](https://news.shib.io/2025/02/06/fdic-clears-banks-to-manage-crypto-offer-token-deposits-freely/): The Federal Deposit Insurance Corporation (FDIC) has announced plans to revise its policies, allowing U.S. banks to manage cryptocurrency assets and offer tokenized deposits without prior regulatory approval. During a Senate hearing, Acting FDIC Chairman Travis Hill confirmed that the agency is revising its stance on cryptocurrency. He explained that the FDIC is re-evaluating its previous policies that had discouraged banks from engaging with crypto assets. Hill noted that financial institutions interested in entering the crypto space often faced significant delays, excessive scrutiny, and pushback from regulators. This hindered their efforts to participate in the growing sector. According to Barron’s, - [FTX Bahamas Arm to Start Repaying Creditors on February 18](https://news.shib.io/2025/02/05/ftx-bahamas-arm-to-start-repaying-creditors-on-february-18/): FTX Digital Markets, the Bahamian division of the collapsed crypto exchange FTX, has announced it will start reimbursing creditors who lost access to their funds after the platform’s downfall in November 2022. FTX creditor Sunil Kavuri revealed in a February 4 post on X that FTX Digital Markets will begin issuing payments to “convenience class” creditors. The notice indicated that users with claims under $50,000 would receive full reimbursement, plus 9% annual interest accrued since the exchange’s collapse in November 2022. The distribution is set to start on February 18. The notice, which originated from a creditor who filed for - [Crypto Wallet Users Hacked: Exploit Drains Funds on Adult Sites](https://news.shib.io/2025/02/05/crypto-wallet-users-hacked-exploit-drains-funds-on-adult-sites/): Phantom and Trust Wallet users have been vulnerable to an exploit, resulting in unauthorized fund withdrawals when accessing adult websites through their wallet browsers. The hack reportedly leverages weaknesses in the wallet’s browser functionality. When users access specific adult websites, malicious scripts are activated, allowing cybercriminals to gain control over the wallet. Once access is obtained, digital assets are swiftly transferred to the attacker’s account, with no way to recover the stolen funds. In a recent post on X, crypto advocate Dom Lucre shared the growing security threat affecting crypto wallet browsers. He advised individuals to avoid accessing adult content - [Malware in App Stores: Kaspersky Warns of Crypto Wallet Theft](https://news.shib.io/2025/02/05/malware-in-app-stores-kaspersky-warns-of-crypto-wallet-theft/): Global cybersecurity company Kaspersky Labs has revealed that malicious software development kits found in apps on both Google Play and Apple’s App Store are being used to steal cryptocurrency. The malware in app stores reportedly scans user photos for wallet recovery phrases, allowing hackers to access and empty crypto funds. In a February 4 report, Kaspersky analysts Sergey Puzan and Dmitry Kalinin revealed that the malware, dubbed SparkCat, targets devices by using an optical character recognition (OCR) tool. Once the device is infected, the malware scans images for specific keywords in multiple languages, looking for sensitive data. “The intruders steal - [China Hits Back: Retaliatory Tariffs and Export Controls Target Key U.S. Industries](https://news.shib.io/2025/02/05/china-hits-back-retaliatory-tariffs-and-export-controls-target-key-u-s-industries/): China has quickly retaliated against the newly imposed trade tariffs by the United States, announcing its own set of tariffs on various American goods just moments after the U.S. measures took effect. On Tuesday, a 10% tariff on all Chinese imports to the United States was activated, as announced by President Donald Trump. In response, China’s Ministry of Finance outlined new measures, including a 15% tariff on certain types of coal and liquefied natural gas, along with a 10% levy on crude oil, agricultural machinery, large-displacement vehicles, and pickup trucks.  In addition, China’s Ministry of Commerce and Customs Administration introduced - [DOGE Sparks Lawsuit: Union Groups Sue US Treasury Over Alleged Data Breach](https://news.shib.io/2025/02/05/doge-sparks-lawsuit-union-groups-sue-us-treasury-over-alleged-data-breach/): Union Groups have filed a lawsuit against the U.S. Treasury, alleging that the latter violated federal laws by allowing the Department of Government Efficiency (DOGE) to access Americans’ sensitive financial and personal information. According to a February 3 filing, the Alliance for Retired Americans, the American Federation of Government Employees, and the Service Employees International Union filed a lawsuit against the U.S. Treasury and Secretary Scott Bessent in federal court in Washington, D.C. The lawsuit seeks to halt what the union alleges is an “unlawful, ongoing, systematic, and continuous disclosure of personal and financial information” to the organization and its - [India Pivots On Crypto Policy Amid Global, US Shifts](https://news.shib.io/2025/02/04/india-pivots-on-crypto-policy-amid-global-us-shifts/): India is reconsidering its crypto policy in light of shifting global attitudes, particularly after U.S. President Donald Trump’s digital assets executive order, which has sparked regulatory discussions in several countries. According to Reuters, India is reconsidering its crypto policy as global perspectives shift, with the government reviewing a discussion paper that was due for release in September 2024. The paper, aimed at addressing crypto regulation, was postponed last year due to other priorities. Currently, the regulations only cover anti-money laundering and electronic fund transfers, rather than specific crypto-focused policies. Ajay Seth, Economic Affairs Secretary, noted that digital assets transcend borders, - [Crypto Czar David Sacks to Unveil US Digital Asset Policy Plan](https://news.shib.io/2025/02/04/crypto-czar-david-sacks-to-unveil-us-digital-asset-policy-plan/): David Sacks, appointed by President Donald Trump as the White House AI and Crypto Czar, is set to hold a press conference with key Republican policymakers to discuss the government’s US digital asset policy plan. The press conference, set for Tuesday, February 4, will focus on how Congress and President Trump’s cabinet plan to “secure America as a leader in the digital asset ecosystem.” The press conference will be attended by several GOP lawmakers and pro-crypto politicians, such as Senate Banking Committee Chair Tim Scott, House Financial Services Committee Chair French Hill, Senate Agriculture Committee Chair John Boozman, and House - [Coinbase Users Lose $65M in Phishing Scams Amid Security Failures](https://news.shib.io/2025/02/04/coinbase-users-lose-65m-in-phishing-scams-amid-security-failures/): Popular cryptocurrency exchange Coinbase has faced backlash after a series of social engineering scams over the past two months led to users losing millions, raising concerns over security vulnerabilities and fraud prevention measures. Blockchain investigator ZachXBT revealed in an X thread that users lost at least $65 million to social engineering scams between December 2024 and January 2025. However, he cautioned that the actual figure could be significantly higher, as his findings were based on limited data, including direct messages and on-chain transactions. The wave of phishing scams targeting Coinbase users relied on fake emails, spoofed customer service calls, and - [Russia Crypto Mining Hub in Far East to Use Surplus Energy](https://news.shib.io/2025/02/04/russia-crypto-mining-hub-in-far-east-to-use-surplus-energy/): Russia Deputy Prime Minister Yuri Trutnev has proposed using surplus electricity in the Far East for cryptocurrency mining, instructing both new and idle power plants to support Bitcoin mining rigs. According to Amurskoye Oblastnoe Televidenie, Deputy Prime Minister Yuri Trutnev held a meeting discussing energy development in the Far Eastern Federal District. Trutnev suggested that turning the Far East into a crypto mining hub could solve the region’s electricity surplus problem. The Deputy Prime Minister argued that maintaining energy reserves is costly, and using the surplus to power crypto miners could help offset these expenses. Trutnev emphasized that this strategy - [Senator Hints Trump Sovereign Wealth Fund Could Lead to the U.S. Buying Bitcoin](https://news.shib.io/2025/02/04/senator-hints-trump-sovereign-wealth-fund-could-lead-to-the-u-s-buying-bitcoin/): President Donald Trump has issued an executive order (EO) mandating the establishment of a sovereign wealth fund. Wyoming Senator Cynthia Lummis is speculating that this could pave the way for the U.S. government to acquire Bitcoin. On February 3, President Trump signed an EO in the Oval Office directing Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick to commence the process of establishing a U.S. sovereign wealth fund.  Bessent stated that the EO is set to be implemented within the next 12 months. He emphasized that the initiative aims to “monetize the asset side of the U.S. balance sheet,” - [Trump Trade War Could Send Bitcoin Prices 'Violently Higher'](https://news.shib.io/2025/02/03/trump-trade-war-could-send-bitcoin-prices-violently-higher/): Jeff Park, Head of Alpha Strategies at BitWise, has predicted that President Donald Trump’s tariffs could drive Bitcoin (BTC) prices significantly higher over time, citing the potential weakening of the U.S. dollar and lower yields on U.S. government bonds. In a recent post on X, Park explained that the purpose of the tariffs is to strategically weaken the U.S. dollar in international trade. This move aims to address trade imbalances and enhance the competitiveness of U.S. exports. Park also predicted that a “Plaza Accord 2.0” is on the horizon, referring to the historic 1985 agreement between the U.S., Japan, West - [MuskIt Team Unveils Musk Tower in UAE to Boost Blockchain Innovation](https://news.shib.io/2025/02/03/muskit-team-unveils-musk-tower-in-uae-to-boost-blockchain-innovation/): The MuskIt team has officially unveiled the long-awaited Musk Tower, a groundbreaking development that will center around the Musk Institute. The goal is to drive innovations in technology, renewable energy, and blockchain. According to a press release from Chainwire, central to this vision is the MuskIt Token, a cryptocurrency associated with the MuskIt ecosystem, designed to power a range of projects under the MuskIt brand. The token aims to serve as a central unit of value within the MuskIt network, encouraging community participation and growth.  With an emphasis on transparency and security, MuskIt Token is being positioned as a key - [21Shares Files for SEC Approval to Launch Polkadot ETF in US](https://news.shib.io/2025/02/03/21shares-files-for-sec-approval-to-launch-polkadot-etf-in-us/): Asset management firm 21Shares has filed with the U.S. Securities and Exchange Commission (SEC) for approval of a spot Polkadot exchange-traded fund (ETF), which, if approved, would be listed on the Cboe BZX Exchange. In a filing on January 31, the firm proposed the 21Shares Polkadot Trust, with cryptocurrency exchange Coinbase serving as the custodian for the DOT holdings. This move builds on 21Shares’ previous efforts to expand Polkadot investment options. In February 2021, the firm made a significant mark by launching the first-ever Polkadot exchange-traded product (ETP) on Switzerland’s SIX Exchange, offering institutional investors a new way to engage - [Kraken to Delist USDT and Stablecoins in Europe by March](https://news.shib.io/2025/02/03/kraken-to-delist-usdt-and-stablecoins-in-europe-by-march/): The cryptocurrency exchange Kraken has announced plans to delist Tether’s USDT and four other stablecoins in Europe. This is in compliance with the European Union’s Markets in Crypto-Assets Regulation (MiCA), following a phased approach to minimize market disruptions.  Kraken plans to completely delist Tether’s USDT by March 31, while gradually phasing out support for PayPal USD, Tether EURt (EURT), TrueUSD, and TerraClassicUSD (UST) across its European platform. “These changes ultimately ensure Kraken remains compliant and is able to provide its exceptional trading experience to European clients for the long term,” the company stated in its official announcement. To comply with - [Alibaba Unveils Qwen 2.5-Max, Challenging DeepSeek in AI Race](https://news.shib.io/2025/02/03/alibaba-unveils-qwen-2-5-max-challenging-deepseek-in-ai-race/): In a bold move following DeepSeek’s viral success, Chinese tech giant Alibaba has introduced its latest AI model, Qwen 2.5-Max, with the goal to make waves in the rapidly evolving AI space. Launched on the first day of the Lunar New Year, Alibaba asserts that its enhanced model surpasses competitors like ChatGPT, Meta’s Llama, and DeepSeek in a majority of performance benchmarks. Alibaba’s release of the upgraded Qwen 2.5-Max follows the debut of DeepSeek’s R1 model, which has garnered attention for offering similar performance to top AI models at a significantly lower development cost. DeepSeek’s innovation has had a significant - [The Shib News Recap: Friday](https://news.shib.io/2025/01/31/the-shib-news-recap-friday-5/): This Friday, The Shib Daily covers a variety of hot topics in the crypto sphere, starting with OpenAI’s accusations against DeepSeek, which has implications for the future of artificial intelligence. Grayscale’s launch of a new Bitcoin Miners ETF is also making headlines, signaling a growing interest in mining assets. Meanwhile, the decision by Gemini to ban MIT graduates and Ross Ulbricht’s $12 million loss on Pump.fun raises important discussions about crypto market sentiments and risks. OpenAI Alleges DeepSeek Is Capitalizing on Its Innovations OpenAI is concerned that DeepSeek, its rapidly growing competitor in China, is leveraging its innovations to speed - [Binance Denies Ties to Hamas, Seeks Dismissal of Terror Funding Suit](https://news.shib.io/2025/01/31/binance-denies-ties-to-hamas-seeks-dismissal-of-terror-funding-suit/): A federal judge has yet to rule on a motion to dismiss a lawsuit filed by the families of victims impacted by the 2023 Hamas attack in Israel, targeting cryptocurrency exchange Binance and its former CEO, Changpeng Zhao. On January 30, Binance’s legal team argued before the U.S. District Court for the Southern District of New York, seeking to dismiss a lawsuit filed by the families of victims affected by the 2023 Hamas attack. A lawsuit filed in January 2024 accused Binance, its CEO Changpeng “CZ” Zhao, and entities in Iran and Syria of providing significant assistance that helped Hamas - [Gemini Bans Hiring MIT Graduates Over Gary Gensler Affiliation](https://news.shib.io/2025/01/31/gemini-bans-hiring-mit-graduates-over-gary-gensler-affiliation/): Gemini CEO Tyler Winklevoss has announced that the company will not hire graduates from the Massachusetts Institute of Technology (MIT) as long as the university maintains an affiliation with former U.S. Securities and Exchange Commission (SEC) chair Gary Gensler. Gensler, who chaired the commission for nearly four years, stepped down from his position and took on a teaching role at the prestigious university to teach research in artificial intelligence in finance, financial technology, and regulatory policy. “As long as MIT has any association with Gary Gensler, Gemini will not hire any graduates from this school,” Winklevoss posted on X in - [Grayscale Launches Bitcoin Miners ETF on NYSE Arca for Investors](https://news.shib.io/2025/01/31/grayscale-launches-bitcoin-miners-etf-on-nyse-arca-for-investors/): Grayscale Investments, the cryptocurrency asset manager, has introduced the Grayscale Bitcoin Miners ETF (MNRS) on NYSE Arca, offering investors a new way to invest in Bitcoin mining companies. The company unveiled the MNRS on January 20. The fund targets companies listed on the Indxx Bitcoin Miners Index, which includes firms primarily generating revenue from Bitcoin mining, as well as related hardware, software, services, and other initiatives. The ETF’s top ten holdings feature several leading Bitcoin mining firms, including Marathon Digital Holdings with a 16.6% allocation, Riot Platforms at 11.9%, and Core Scientific with 9.2%. These companies are key contributors to - [Ross Ulbricht Loses $12M on Pump.fun Due to Liquidity Pool Mistake](https://news.shib.io/2025/01/31/ross-ulbricht-loses-12m-on-pump-fun-due-to-liquidity-pool-mistake/): Silk Road founder Ross Ulbricht has faced a $12 million loss on Pump.fun after attempting to liquidate ROSS tokens. Despite only receiving $600,000, he still retains 10% of the token supply. Blockchain analysis firm Arkham Intelligence reported that Ulbricht, or whoever has access to his wallet, attempted to liquidate the ROSS meme coin, which led to a significant drop in its value and resulted in substantial financial losses. Ulbricht’s Solana donation address received 50% of the supply of ROSS from the developer last week. Ross tried to add single-sided liquidity to sell the coins off passively, but accidentally created a - [OpenAI Accuses Chinese AI Firm DeepSeek of Copying Its Tech](https://news.shib.io/2025/01/31/openai-accuses-chinese-ai-firm-deepseek-of-copying-its-tech/): OpenAI, a prominent player in AI research, has expressed concerns that its fast-rising Chinese competitor, DeepSeek, is exploiting its innovations to accelerate the development of its own AI technologies. This week, OpenAI and other major U.S. tech companies faced a significant challenge with the unexpected debut of DeepSeek, a Chinese app that mimics the capabilities of ChatGPT but at a fraction of the cost. According to a report by Bloomberg, Microsoft, OpenAI’s largest investor, is investigating whether data from the AI firm’s technology infrastructure was improperly accessed by a group linked to the Chinese AI startup.  Additionally, in late 2024, - [Shiba Inu Burns 1 Billion SHIB in Symbolic Milestone](https://news.shib.io/2025/01/30/shiba-inu-burns-1-billion-shib-in-symbolic-milestone/): One billion SHIB tokens vanished into the digital ether today, as the Shiba Inu Core Team marked a significant milestone in its quest to reshape the cryptocurrency’s destiny, coinciding with the launch of the enhanced Shiba Inu Burn Portal, ShibTorch V2. Symbolic Shiba Inu Burn The burn, executed on Thursday at 4:34 p.m. UTC, saw precisely 1,000,148,675.028919334994574473 SHIB tokens, worth approximately $18,832.80 at the time of the burn, transferred from the address identified as “Shiba Inu: Deployer 2” to a designated “dead address” (0x00…dEaD). This transaction, publicly verifiable on the Ethereum blockchain explorer Etherscan, effectively removed the tokens from the - [ShibTorch V2 Arrives: Shiba Inu OS Evolves with Enhanced Burning Mechanism](https://news.shib.io/2025/01/30/shibtorch-v2-arrives-shiba-inu-os-evolves-with-enhanced-burning-mechanism/): The Shib Army wields a new weapon today: ShibTorch V2, a refined platform for burning SHIB tokens, emerges as a cornerstone of the evolving Shiba Inu Operating System (Shib OS), and it is now directly accessible through the official Shiba Inu website, Shib.io. This new iteration, arriving just months after the debut of the original ShibTorch in August, introduces a suite of enhancements designed to refine the token burning process, bolster security, and deepen community engagement within the burgeoning Shiba Inu ecosystem, all from the convenience of the project’s core online hub. Building on a Foundation of Community Participation ShibTorch - [Trump Weighs Stricter Nvidia Chip Export Ban to China](https://news.shib.io/2025/01/30/trump-weighs-stricter-nvidia-chip-export-ban-to-china/): The Trump administration has reportedly been considering tighter restrictions on the sales of Nvidia H20 chips to China, following the fallout from DeepSeek’s release of the R1 model. According to Bloomberg, citing unnamed sources, discussions regarding potential restrictions on the shipment of these artificial intelligence leader’s chips to China are still in the preliminary stages among officials in the Trump administration. Should President Trump’s administration implement stricter export controls on high-performance computing chips and semiconductors to the Asian country, it would represent the fourth instance since 2022 of the U.S. government enacting similar measures. The Nvidia H20 chip is a - [SEC Acknowledges Litecoin ETF Filing, Starts 240-Day Decision Clock](https://news.shib.io/2025/01/30/sec-acknowledges-litecoin-etf-filing-starts-240-day-decision-clock/): The U.S. Securities and Exchange Commission (SEC) has formally acknowledged Canary Capital’s 19b-4 filing for a Litecoin exchange-traded fund (ETF), marking a step forward in the approval process. However, the agency has yet to take action on most other altcoin ETF proposals. Canary Capital’s Litecoin ETF is the first altcoin fund, aside from Ethereum, to receive this acknowledgment from the SEC. This development sets a regulatory deadline for the Commission to either approve or reject the proposal. If approved, the ETF could significantly reshape how investors gain exposure to cryptocurrencies. Litecoin has long remained in the shadow of Bitcoin and - [Warren Presses Trump’s Commerce Pick Howard Lutnick Over Tether Ties](https://news.shib.io/2025/01/30/warren-presses-trumps-commerce-pick-howard-lutnick-over-tether-ties/): U.S. Senator Elizabeth Warren has raised concerns about President Donald Trump’s Commerce Secretary nominee, Howard Lutnick, questioning his judgment due to his investment firm’s strong ties to Tether. Tether is a cryptocurrency platform criticized for allegedly facilitating illegal activities and labeled as “the favorite cryptocurrency of outlaws.” In a letter dated January 27, Warren also raised concerns about Lutnick’s ability to prioritize the interests of the American people over his own financial gains, should he be confirmed as Secretary of Commerce. The senator noted that while Howard Lutnick had divested his interest in Cantor Fitzgerald, which holds a 5% stake - [France Investigates Binance for Money Laundering, Fraud Allegations](https://news.shib.io/2025/01/30/france-investigates-binance-for-money-laundering-fraud-allegations/): French authorities have reportedly opened a judicial investigation into cryptocurrency exchange Binance, following allegations of money laundering and tax fraud, which the company has denied. According to a Reuters report, the Paris Public Prosecutor’s Office has initiated an investigation by its economic and financial crime division into cryptocurrency exchanges operating between 2019 and 2024. The probe focuses on alleged money laundering activities linked to drug trafficking. French regulators have ramped up scrutiny of cryptocurrency service providers while still allowing companies to operate under proper licenses. The investigation into Binance comes just over a month after Bybit announced its decision to - [DeepSeek Hit by Cyberattack Amid Surge in AI Popularity](https://news.shib.io/2025/01/30/deepseek-hit-by-cyberattack-amid-surge-in-ai-popularity/): Chinese AI startup DeepSeek suffered a cyberattack on Monday, coinciding with website outages just as its AI assistant surged to the top of Apple’s U.S. App Store rankings for free apps. DeepSeek initiated an investigation late Monday evening, Beijing time, after detecting technical issues, according to its status page. Following two hours of monitoring, the company confirmed it had fallen victim to a “large-scale malicious attack.” Although new registrations were temporarily paused, existing users were able to access their accounts as normal. The app has since resumed allowing new user sign-ups. Monday’s outages marked the longest disruption in nearly three - [Gen Z Driving Crypto Adoption: Gemini Survey Shows Record Growth in 2024](https://news.shib.io/2025/01/30/gen-z-driving-crypto-adoption-gemini-survey-shows-record-growth-in-2024/): Gen Z is storming the gates of finance, with over half of adults aged 18-29 globally now owning or having owned cryptocurrency, according to a new survey by Gemini. This dramatic adoption rate, far surpassing that of older generations, signals a seismic shift in the financial landscape, as digital assets move from the fringes to the mainstream. High Cryptocurrency Ownership Among Gen Z A new survey by cryptocurrency exchange Gemini reveals that over half of Gen Z adults globally now own or have previously owned digital assets like Bitcoin and Ethereum, signaling a sea change in financial engagement. Conducted by - [Shib Network State](https://news.shib.io/2025/01/29/shib-network-state/): Read the latest edition of The Shib Magazine here. - [Understanding Crypto Mining: A Beginner's Guide](https://news.shib.io/2025/01/29/understanding-crypto-mining-a-beginners-guide/): Cryptocurrency mining is one of the most fascinating yet misunderstood aspects of the digital currency revolution. For many, it conjures images of complex computer systems humming away in dark rooms, unlocking the secrets of Bitcoin and other cryptocurrencies. But what exactly is crypto mining, how does it work, and why does it matter? At its core, cryptocurrency mining is the process of validating and adding transactions to a blockchain — a decentralized digital ledger. In proof-of-work (PoW) systems like Bitcoin, this involves solving complex mathematical puzzles, a process that ensures the integrity and security of the blockchain. Miners compete to - [Crypto and Social Media: How X and Instagram Fuel Crypto Talks](https://news.shib.io/2025/01/29/crypto-and-social-media-how-x-and-instagram-fuel-crypto-talks/): Crypto and social media — two pillars of the modern digital era — have formed a symbiotic relationship that’s reshaping the way digital currencies are discovered, discussed, and traded. Platforms like X (formerly known as Twitter) and Instagram have become hubs for real-time updates, influencer opinions, and community-driven conversations, creating a dynamic environment where crypto thrives.  As cryptocurrencies become more mainstream, these platforms are not only fueling widespread interest but are also playing a pivotal role in influencing market trends and fostering a new wave of engagement. For many, social media has become the first point of contact with the - [How to Verify Legitimacy and Avoid Meme Coin Scams](https://news.shib.io/2025/01/29/how-to-verify-legitimacy-and-avoid-meme-coin-scams/): Meme coins have become a cultural phenomenon in the cryptocurrency space, offering humor-infused branding and the allure of overnight riches. From the meteoric rise of Dogecoin to the frenzy surrounding Shiba Inu, meme coins have captured the attention of both seasoned investors and novices. However, with their popularity comes an influx of meme coin scams designed to exploit unsuspecting enthusiasts. Verifying the legitimacy of a meme coin is essential to protecting your investments and avoiding potential losses. This guide provides practical tips, tools, and red flags to help you assess the credibility of a meme coin before you invest and - [How Cryptocurrency is Reshaping the Gaming Industry](https://news.shib.io/2025/01/29/how-cryptocurrency-is-reshaping-the-gaming-industry/): Cryptocurrency is revolutionizing industries worldwide, and gaming is no exception. By integrating blockchain technology and digital currencies, the gaming sector is undergoing a transformation that promises to redefine how games are played, created, and monetized. What was once a simple leisure activity has evolved into a complex ecosystem where players can earn real-world value, developers can innovate business models, and communities can collaborate in unprecedented ways.  Blockchain gaming is not just about entertainment anymore; it’s becoming a powerful force that bridges the gap between technology, finance, and culture. This transformation has introduced opportunities for economic empowerment, offering players ownership of - [Celebrities and Crypto: Trendy Fad or True Financial Revolution?](https://news.shib.io/2025/01/29/celebrities-and-crypto-trendy-fad-or-true-financial-revolution/): In recent years, the world of cryptocurrency has experienced explosive growth, going way beyond tech influencers and financial experts. Now, the trend toward celebrities and crypto investment appear to be on the rise, too. From musicians and athletes to actors and entrepreneurs, many well-known figures have publicly embraced Bitcoin and other digital currencies, either through investments or by actively promoting blockchain-based projects. This trend is not merely a passing phase for some — it represents a significant shift in how people think about money and financial systems. Celebrities like Gwyneth Paltrow, Soulja Boy, and Ashton Kutcher have not only jumped - [Trump Reveals Microsoft in Talks to Acquire TikTok Amid Ban Threat](https://news.shib.io/2025/01/28/trump-reveals-microsoft-in-talks-to-acquire-tiktok-amid-ban-threat/): President Donald Trump has revealed that Microsoft is in discussions to purchase TikTok just days after the social media platform was temporarily banned in the U.S. He has also expressed interest in seeing a competitive bidding process for the app. TikTok has approximately 170 million users in the U.S. It was temporarily removed from the internet just ahead of a law that mandated its Chinese parent company, ByteDance, to either sell the app or face a potential ban on national security grounds. The law went into effect on January 19. President Trump had previously mentioned that he was engaged in - [SEC Wins Partial Victory as Judge Rejects Kraken's Jurisdiction Defense](https://news.shib.io/2025/01/28/sec-wins-partial-victory-as-judge-rejects-krakens-jurisdiction-defense/): A California federal judge has ruled in favor of the U.S. Securities and Exchange Commission (SEC), dismissing a defense from Kraken, the popular crypto exchange, that Congress had not granted the regulator authority over cryptocurrency. In a ruling on January 24, Judge William Orrick dismissed Kraken’s “major questions doctrine defense,” one of three arguments the SEC sought to have removed in its lawsuit against the exchange. The SEC alleges that Kraken offered unregistered securities, marking a partial win for the regulator in the ongoing legal battle. Judge Orrick ruled that the SEC was not claiming authority that was “exceedingly broad” - [Russia’s Top Energy Provider to Launch Crypto Mining Operations](https://news.shib.io/2025/01/28/russias-top-energy-provider-to-launch-crypto-mining-operations/): Rosseti, Russia’s leading energy provider, has reportedly begun exploring crypto mining to harness unused electricity from low-consumption power plants, with plans to potentially develop mining centers across the country. The Russian state-run news agency TASS reported that Rosseti is preparing to establish itself as an “operator for hosting mining infrastructure.” The electric grid operator is reportedly exploring the creation of crypto-mining centers powered by underutilized power plants. This development comes as Russian authorities continue their crackdown on electricity theft by unauthorized Bitcoin miners. This initiative marks a significant shift for Rosseti, which has previously focused much of its efforts on - [CFTC Announces Crypto Roundtables to Address Market Rules and Safeguards](https://news.shib.io/2025/01/28/cftc-announces-crypto-roundtables-to-address-market-rules-and-safeguards/): Caroline Pham, the acting chair of the U.S. Commodity Futures Trading Commission (CFTC), has revealed that the agency will host public roundtable discussions to tackle market concerns, with a focus on digital assets. On January 27, the CFTC announced plans to host roundtable events in the coming months, tackling topics such as conflicts of interest, prediction markets, and digital assets. Pham stated that these discussions would build on prior engagements with industry leaders and market stakeholders. “As I have long said, the CFTC must take a forward-looking approach to shifts in market structure to ensure our markets remain vibrant and - [DeepSeek's $6M AI Disrupts Silicon Valley, Erases $2T in US Stocks](https://news.shib.io/2025/01/28/deepseeks-6m-ai-disrupts-silicon-valley-erases-2t-in-us-stocks/): The launch of DeepSeek R1, an open-source AI language model, has shaken the U.S. stock market, triggering a significant selloff on Monday. Nvidia led the decline, with the ripple effect slashing the fortunes of several billionaires. Venture capitalist Nic Carter took to X to highlight how the launch of the Chinese-developed AI model has shattered the belief that China would be limited to creating closed-source AI. He also pointed out that this development has diminished Silicon Valley’s dominance, leveling the playing field with global competitors. Carter emphasized that DeepSeek’s emergence challenges the idea that OpenAI has an insurmountable edge in - [Ross Ulbricht Breaks Silence in New Documentary After Pardon](https://news.shib.io/2025/01/27/ross-ulbricht-breaks-silence-in-new-documentary-after-pardon/): Ross Ulbricht, the founder of the now-shuttered Silk Road marketplace, has partnered with filmmakers to produce a documentary detailing his journey and legal battles. On January 21, Ulbricht was granted a pardon by President Donald Trump, leading to his release from federal prison. This pardon, which fulfilled a promise made by President Trump during the Libertarian National Convention in May, has received strong support from the cryptocurrency community who have rallied behind Ulbricht’s cause. The Silk Road, often referred to as “the Amazon for Drugs,” was responsible for facilitating hundreds of millions of dollars in illicit transactions, sparking an intense - [Musk Explores Blockchain to Cut US Government Spending, Boost Transparency](https://news.shib.io/2025/01/27/musk-explores-blockchain-to-cut-us-government-spending-boost-transparency/): Tesla CEO Elon Musk, who heads the Department of Government Efficiency (DOGE), has reportedly been exploring the use of blockchain technology to streamline U.S. government operations and reduce federal spending. It appears he is engaged in ongoing discussions with various blockchain platforms. Bloomberg reports that the department is exploring the potential of blockchain technology to enhance data security, streamline payments, and optimize building management, all as part of its ongoing efforts to boost government efficiency. However, no specific blockchain networks were mentioned.  Staff members from the newly established non-government department have held discussions with representatives of public permissionless blockchain networks - [Tornado Cash Co-Founder Slams DOJ Charges as Attack on Privacy](https://news.shib.io/2025/01/27/tornado-cash-co-founder-slams-doj-charges-as-attack-on-privacy/): Roman Storm, co-founder of the privacy-focused cryptocurrency platform Tornado Cash, has spoken out about the ongoing legal challenges he faces following the lifting of sanctions on the platform. Storm, who is currently facing charges of conspiracy to commit money laundering and operating an unlicensed money-transmitting business, expressed concern over the broader implications of the case.  In a post on X, Storm argued that his prosecution stems from creating open-source code designed to facilitate private, non-custodial cryptocurrency transactions. He warned that if his case sets a legal precedent, it could have significant implications for software developers and their ability to innovate - [Shiba Inu Unleashes Swap and Bridge, Charting Course for Multichain Future](https://news.shib.io/2025/01/27/shiba-inu-unleashes-swap-and-bridge-charting-course-for-multichain-future/): The Shiba Inu ecosystem has taken a significant stride towards broader adoption with the launch of an upgraded Swap and Bridge platform on Shib.io. This enhanced functionality, more than just a technical tweak, aims to weave a tapestry of seamless cross-chain interactions, connecting Shibarium, its Layer-2 network, to users across a multitude of blockchains, all while maintaining its position as the central hub for settlement and governance. A Unified Interface For years, the Shib Army had tracked Shiba Inu’s progress, from a meme-inspired token to a more ambitious project with an increasingly robust ecosystem. Today, that evolution continued with the - [‘Bitcoin Jesus’ Roger Ver Seeks Trump Pardon; Musk Comments on Case](https://news.shib.io/2025/01/27/bitcoin-jesus-roger-ver-seeks-trump-pardon-musk-comments-on-case/): Roger Ver, a prominent figure in the cryptocurrency world who is also known as “Bitcoin Jesus,” has publicly appealed to President Donald Trump, seeking assistance to block his extradition to the U.S. In a video shared on X, Ver made a direct plea, arguing that President Trump’s dedication to justice could be the key to preventing his extradition. “As I’m filming this, these might be my very final moments of freedom. By later tonight in Spain, I could very well be in a Spanish prison, on my way back to the United States to face life in prison, up to - [Nasdaq Proposes Bitcoin Transfers for BlackRock Spot Bitcoin ETF](https://news.shib.io/2025/01/27/nasdaq-proposes-bitcoin-transfers-for-blackrock-spot-bitcoin-etf/): Nasdaq has filed a proposal with the U.S. Securities and Exchange Commission (SEC) on behalf of asset manager BlackRock, seeking approval to allow in-kind creation and redemption for its spot Bitcoin exchange-traded fund (ETF), the BlackRock iShares Bitcoin Trust (IBIT). The January 24 filing outlines a proposed rule change that would allow authorized participants, typically large financial institutions, to use Bitcoin directly, rather than cash, for creating new shares or redeeming existing ones. In a post on X, Bloomberg ETF analyst James Seyffart argued that BlackRock “should have been allowed to do this from the beginning” when IBIT debuted in - [Shiba Inu Embarks on Global Adoption Drive as Kusama Takes on New Role](https://news.shib.io/2025/01/26/shiba-inu-embarks-on-global-adoption-drive-as-kusama-takes-on-new-role/): The Shiba Inu ecosystem, once a poster child of the meme-coin phenomenon, now aggressively pivots towards global adoption. Former lead visionary, Shytoshi Kusama, assumes a new role as Lead Ambassador, signaling a profound transformation in the project’s trajectory and a push for real-world utility. Shiba Inu Visionary Transitions, Citing a Fulfilled Vision The Shiba Inu project, which captured the imagination of the cryptocurrency world with its rapid rise, entered a new phase this week. Kusama, known as “Shy” within the community, announced his move from lead visionary to Lead Ambassador.  In a blog post detailing the transition, Kusama stated, “I - [Astra Nova Pre-Sale: The Quest for $RVV Tokens Begins (Here’s Your Ultimate Guide)](https://news.shib.io/2025/01/26/astra-nova-pre-sale-the-quest-for-rvv-tokens-begins-heres-your-ultimate-guide/): Alright, crypto warriors. Mark your calendars—January 27 is fast approaching, and with it comes the Astra Nova pre-sale, where you can grab the shiny new $RVV tokens at a discount so good, it’s practically begging to be taken advantage of. But before you rush in like a kid in a candy store, let’s slow down, take a breath, and go over what you need to know to make sure you don’t end up with empty pockets and a bunch of regret. Spoiler alert: There’s more to it than just slapping in your wallet and hoping for the best. The Astra - [Astra Nova, Shiba Inu Unveil Details of Partnership: AI Survival Mode, $SHIB Burns, More](https://news.shib.io/2025/01/24/astra-nova-shiba-inu-unveil-details-of-partnership-ai-survival-mode-shib-burns-more/): A new era in crypto and gaming begins as Astra Nova and Shiba Inu unveil their highly anticipated partnership details, setting the stage for a new AI survival mode, $SHIB token burns, and more to come. The announcement signals a bold statement of ambition, a fusion of meme-powered energy and cutting-edge technology, poised to ignite the Web3 landscape. The announcement, made today, revealed specific initiatives set to integrate the gaming and cryptocurrency worlds, marking a new chapter in the intersection of blockchain and entertainment. Astra Nova, known for its AI-driven gaming experiences and Shiba Inu, the meme-inspired cryptocurrency that has - [Ledger Co-Founder David Balland Freed After Kidnapping, Ransom Demanded in Crypto](https://news.shib.io/2025/01/24/ledger-co-founder-david-balland-freed-after-kidnapping-ransom-demanded-in-crypto/): French authorities have successfully rescued Ledger co-founder David Balland and his wife, who were kidnapped by a violent group in Vierzon, France. The Paris prosecutor’s office confirmed that Mr. Balland was attended to by emergency services, though he requires medical treatment following the ordeal. France’s elite National Gendarmerie Intervention Group carried out a high-stakes operation that resulted in the successful rescue of David Balland late Wednesday. His wife, who had been held captive in a town in Essonne, was freed the following afternoon. The Paris prosecutor’s office reported that Balland and his wife were abducted by kidnappers who forced them - [SEC Cancels Controversial SAB 121 Rule on Crypto Accounting](https://news.shib.io/2025/01/24/sec-cancels-controversial-sab-121-rule-on-crypto-accounting/): The U.S. Securities and Exchange Commission (SEC) has rescinded its contentious rule requiring financial firms to classify cryptocurrency holdings as liabilities on their balance sheets. In a January 23 Staff Accounting Bulletin (SAB), the SEC announced the removal of its previous interpretive guidance from SAB 121. The SEC’s decision signifies a significant shift in the agency’s approach to crypto regulation, coming on the heels of former Chair Gary Gensler’s departure.  Introduced in March 2022, the crypto sector strongly opposed SAB 121, arguing it would complicate the management of digital assets and create unnecessary administrative burdens. Over the past year, the - [Ivanka Trump Condemns Unauthorized $IVANKA Meme Coin, Warns Consumers](https://news.shib.io/2025/01/24/ivanka-trump-condemns-unauthorized-ivanka-meme-coin-warns-consumers/): Ivanka Trump, daughter of President Donald Trump, has publicly disassociated herself from the $IVANKA meme coin, a cryptocurrency project using her name without authorization. In a statement shared on X, Trump emphasized that she has no affiliation with the $IVANKA meme coin and strongly criticized the unauthorized use of her name and image.  “To be clear: I have no involvement with this coin. This fake coin risks deceiving consumers and defrauding them of their hard-earned money, and the unauthorized use of my name and likeness is a violation of my rights,” she stated. Trump further denounced the meme coin, stating - [Ripple CEO Denies Lobbying Claims Amid Bitcoin Reserve Controversy](https://news.shib.io/2025/01/24/ripple-ceo-denies-lobbying-claims-amid-bitcoin-reserve-controversy/): Ripple CEO Brad Garlinghouse has denied accusations that Ripple Labs is actively working to block the creation of a Strategic Bitcoin Reserve. The company had been criticized for allegedly engaging in aggressive lobbying efforts to prevent its establishment. Pierre Rochard, Vice President of Research at Riot Platforms, has identified Ripple Labs as the primary hurdle to the creation of a Strategic Bitcoin Reserve. He said that the real opposition does not come from the Federal Reserve, the Treasury, banks, or even figures like Elizabeth Warren, who is known for her critical views of cryptocurrency. “It’s Ripple/XRP. They are aggressively lobbying - [Trump Explores National Bitcoin Stockpile, Bans US Digital Currency](https://news.shib.io/2025/01/24/trump-explores-national-bitcoin-stockpile-bans-us-digital-currency/): U.S. President Donald Trump has signed an Executive Order directing his administration to assess the possibility of creating a “national digital asset stockpile.” This is alongside the formation of the new Presidential Working Group on Digital Asset Markets. The Executive Order seeks to establish federal regulations for digital assets, including stablecoins, but stops short of immediately creating a strategic Bitcoin reserve. Additionally, the Executive Order suggests that the national digital asset stockpile could be formed from cryptocurrency assets legally seized by the federal government during law enforcement operations. Source: The White House website Arkham Intel data reveals that the U.S. - [SHIB OS: The Turnkey Solution](https://news.shib.io/2025/01/24/shib-os-the-turnkey-solution/): Read the latest edition of The Shib Magazine here. - [Upbit and Bithumb to Pay $2.4M for Crypto Outages During South Korean Martial Law](https://news.shib.io/2025/01/23/upbit-and-bithumb-to-pay-2-4m-for-crypto-outages-during-south-korean-martial-law/): South Korean cryptocurrency exchanges Upbit and Bithumb have pledged the largest-ever user compensation in the country’s crypto history, addressing losses caused by platform disruptions during the recent martial law declaration. On December 3, 2024, trading volumes spiked as Bitcoin prices fell following the announcement of martial law in South Korea. According to local newspaper Maeil Ilbo, South Korean crypto exchanges have reached an agreement to compensate users a total of 3.5 billion won (approximately $2.4 million) for 720 affected cases.  Per reports submitted to the National Assembly, Upbit will compensate more than 3.14 billion won for 596 cases, while Bithumb - [Kraken Donates $111K in Bitcoin to Ross Ulbricht After His Pardon](https://news.shib.io/2025/01/23/kraken-donates-111k-in-bitcoin-to-ross-ulbricht-after-his-pardon/): Crypto exchange Kraken has pledged a generous donation to Ross Ulbricht, the founder of the Silk Road, following his recent pardon. The contribution is aimed at supporting Ulbricht’s reintegration into society after his release, marking a significant move by the exchange to assist him in his post-incarceration journey. In a post on X, Kraken revealed that it donated $111,111 worth of Bitcoin (BTC) to the address listed on freeross.org, a website that claims to be Ross Ulbricht’s official platform for public support and donations. Mempool’s Bitcoin blockchain explorer reports that a total of 2.5 BTC, roughly valued at $263,000, has - [US Court Overturns Tornado Cash Sanctions in Major Crypto Privacy Win](https://news.shib.io/2025/01/23/us-court-overturns-tornado-cash-sanctions-in-major-crypto-privacy-win/): The Fifth Circuit Court of Appeals has overturned sanctions on the Tornado Cash cryptocurrency mixing protocol, marking a potential shift toward regulations that support privacy-focused technologies. On January 21, a U.S. Court issued its ruling in a case brought by six individuals challenging sanctions imposed on Tornado Cash. The plaintiffs argued that the sanctions violated the Administrative Procedure Act. The appeal, filed in November 2024, contended that the Treasury’s Office of Foreign Assets Control (OFAC) exceeded its legal powers when it imposed sanctions on Tornado Cash in 2022. The court determined that the OFAC had acted beyond its authority by - [Trump Launches $500B AI Stargate Initiative, Musk Doubtful](https://news.shib.io/2025/01/23/trump-launches-500b-ai-stargate-initiative-musk-doubtful/): U.S. President Donald Trump has introduced a $500 billion private-led initiative, “Stargate,” focused on establishing AI data centers across the country. However, Tesla CEO Elon Musk has voiced his opposition to the project. During a press conference on January 21, President Trump revealed that the initial equity backers of the Stargate project include OpenAI, the creator of ChatGPT, along with SoftBank and Oracle. He emphasized that the initiative would generate over 100,000 jobs for Americans. In a statement, OpenAI confirmed that SoftBank, OpenAI, Oracle, and MGX are the primary equity funders for the AI Stargate project. Meanwhile, Arm, Microsoft, NVIDIA, - [Lomashuk Clarifies No 'Second Foundation' Created Amid Ethereum Debate](https://news.shib.io/2025/01/23/lomashuk-clarifies-no-second-foundation-created-amid-ethereum-debate/): Lido founder Konstantin Lomashuk has clarified that a “Second Foundation” has not been established yet, following earlier comments that suggested its creation, amid ongoing changes to Ethereum’s administrative structure. In a January 22 post on X, Lomashuk quoted a Second Foundation X post which featured the phrase “hello world computer.” However, several hours later, Lomashuk clarified that his post was simply a tweet. “No actual second foundation has been created yet. Ethereum is the ultimate world computer, and every Etherean can help it grow, evolve, and succeed,” Lomashuk clarified in his recent post.  Lomashuk’s gesture led many to believe he - [The Shib News Recap: Wednesday](https://news.shib.io/2025/01/22/the-shib-news-recap-wednesday-2/): Today, The Shib Daily brings to light conversations focused on criminal justice reform, state authority, and their implications for the crypto industry. In addition, updates on the Ethereum Foundation from Vitalik Buterin and insights into rising institutional interest in ETFs have surfaced. Ross Ulbricht Freed: Trump’s Pardon Sparks Debate on Justice and State Authority President Trump has pardoned Ross Ulbricht, freeing him after over 4,000 days in prison. This decision has ignited discussions about justice, state authority, and technology. Ulbricht was the creator of Silk Road, a dark web marketplace for illicit goods that used Bitcoin. He ran the site - [SEC Forms Crypto Task Force Led by Hester Peirce to Clarify Rules](https://news.shib.io/2025/01/22/sec-forms-crypto-task-force-led-by-hester-peirce-to-clarify-rules/): In a move that follows President Donald Trump’s return to the White House, the U.S. Securities and Exchange Commission (SEC) has created a new crypto task force. This team will focus on establishing a regulatory framework for digital assets. On January 21, the SEC, under the leadership of acting Chair Mark Uyeda, introduced a new task force aimed at responding to the longstanding demands of the digital assets industry. Commissioner Hester Peirce, known as “Crypto Mom” for her pro-crypto stance on regulations, has been appointed to lead the task force.  “The Task Force’s focus will be to help the Commission - [ZachXBT Under Scrutiny After Cashing Out $4M from Meme Coin Tied to His Name](https://news.shib.io/2025/01/22/zachxbt-under-scrutiny-after-cashing-out-4m-from-meme-coin-tied-to-his-name/): Renowned blockchain investigator ZachXBT has attracted both criticism and support after on-chain data revealed he cashed out $4 million from a meme coin associated with his name. Blockchain data reveals that an address linked to ZachXBT, under the name investigations.sol, received half of the total supply of a newly created meme coin. This equates to 500 million ZACHXBT tokens. The token was created by an anonymous developer, in the investigator’s name.  Instead of holding or burning the 500 million tokens, ZachXBT added half of the supply to the ZACHXBT/SOL trading pair as single-sided liquidity. Shortly after adding the tokens to - [US Asset Managers File for DOGE and TRUMP Crypto ETF Amid Buzz](https://news.shib.io/2025/01/22/us-asset-managers-file-for-doge-and-trump-crypto-etfs-amid-buzz/): Osprey Funds and Rex Shares, both U.S.-based investment management firms, have officially filed with the U.S. Securities and Exchange Commission (SEC) to launch several cryptocurrency exchange-traded funds (ETFs), including ones focused on popular meme coins such as Dogecoin, Official Trump (TRUMP), and Bonk. In their January 21 filing, the firms also proposed the launch of ETFs for major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETHER), Solana (SOL), and XRP. These ETFs are structured to directly hold the underlying spot cryptocurrencies, in addition to related financial derivatives. “The Fund, under normal market conditions, invests at least 80% of its net assets - [Vitalik Buterin Defends Ethereum Foundation Leadership Amid Criticism](https://news.shib.io/2025/01/22/vitalik-buterin-defends-ethereum-foundation-leadership-amid-criticism/): Ethereum co-founder Vitalik Buterin has firmly asserted his control over the Ethereum Foundation, rejecting any suggestions for a leadership change. In a January 21 post on X, Buterin affirmed that he retained control over decisions regarding the Ethereum Foundation until upcoming reforms introduce a formal board. He also criticized some in the crypto community for being “actively toxic to top talent” and strongly condemned the harassment directed at Aya Miyaguchi, the Ethereum Foundation’s current executive director. Some members of the community have engaged in extreme harassment, including death threats against Miyaguchi. Buterin condemned these individuals, describing their comments as “pure - [Bank of America CEO: Crypto Payments Possible with Regulatory Approval](https://news.shib.io/2025/01/22/bank-of-america-ceo-crypto-payments-possible-with-regulatory-approval/): Bank of America CEO Brian Moynihan has revealed that U.S. banks are ready to integrate cryptocurrency for transactions, but are awaiting clear regulatory guidelines before proceeding, indicating the financial sector’s cautious approach toward crypto adoption. In an interview with CNBC’s Squawk Box, Andrew Ross Sorkin and Moynihan discussed how the banking industry’s view on cryptocurrencies might evolve, especially in light of President Donald Trump’s support for digital currencies. Moynihan emphasized that, despite the growing interest in crypto, he doesn’t consider it an immediate challenge to the U.S. dollar’s dominant position.  When questioned about whether Bank of America would fully embrace - [Coinbase CEO: Exchange Would Delist Tether if Required by U.S. Law](https://news.shib.io/2025/01/22/coinbase-ceo-exchange-would-delist-tether-if-required-by-u-s-law/): A regulatory showdown looms as Coinbase CEO Brian Armstrong declares the exchange will delist Tether if U.S. laws demand it, placing the world’s most traded stablecoin in the crosshairs. Tether Regulatory Challenges Intensify In a recent interview at the World Economic Forum in Davos, Switzerland, Coinbase CEO Brian Armstrong stated that the cryptocurrency exchange would remove Tether (USDT) from its U.S. platform if new legislation mandates such an action. Armstrong also noted that he anticipated future U.S. legislation to demand stablecoin issuers to hold 100% of their reserves in U.S. Treasury bonds and to pass audits. Armstrong emphasized that while - [Trump Fulfills Campaign Promise, Pardons Silk Road Founder Ross Ulbricht](https://news.shib.io/2025/01/22/trump-fulfills-campaign-promise-pardons-silk-road-founder-ross-ulbricht/): Just as promised, U.S. President Donald Trump frees Ross Ulbricht from prison with a sweeping pardon, setting the stage for a national conversation about government overreach and cementing his appeal to libertarian-minded voters.  Trump Announced Pardon of Ulbricht After 4,125 days in confinement, the pardon marked a dramatic turn of events in the long saga of the Silk Road founder, sending shockwaves through both the political and cryptocurrency landscapes, immediately prompting debate about justice, technology, and the limits of state authority. This decision, which fulfilled a key campaign pledge, highlighted Trump’s willingness to disrupt political norms and throws a spotlight - [The Shib News Recap: Tuesday](https://news.shib.io/2025/01/21/the-shib-news-recap-tuesday-4/): In today’s headlines, the spotlight is on the significant market performance of Shiba Inu Treat ($TREAT) on KuCoin. Mark Cuban’s encouraging comments about Shiba Inu further contribute to the excitement, suggesting a bright future for the Shib ecosystem. Meanwhile, ongoing leadership shifts in crypto regulation and the possibility of Ross Ulbricht’s pardon are also stirring conversations. Shiba Inu Treat ($TREAT) Rallies 111%; Mark Cuban Recognizes Shiba Inu’s Viability $TREAT has surged 111% in the past 24 hours, which led to it becoming a top gainer on KuCoin. It surpassed notable tokens like $OBT and $SWARMS during this period. $TREAT is - [Trump Will Pardon Silk Road's Ross Ulbricht, Elon Musk Predicts](https://news.shib.io/2025/01/21/trump-will-pardon-silk-roads-ross-ulbricht-elon-musk-predicts/): Tesla CEO Elon Musk has stated that Ross Ulbricht, the founder of the notorious Silk Road marketplace, will be granted a presidential pardon by President Donald Trump. In reply to a comment on X asking President Trump to pardon Ulbricht, Musk appeared to confirm that the Silk Road founder would be granted clemency. “Ross will be freed too,” Musk stated simply.  During his election campaign, Trump promised to “commute the sentence” of Ulbricht “on day one.” However, despite Trump’s signing of multiple executive orders in the Oval Office after his inauguration, Ulbricht has not yet received official confirmation regarding the - [First 200 Trump Executive Orders Address Crypto, WLFI Buys $100M](https://news.shib.io/2025/01/21/first-200-trump-executive-orders-address-crypto-wlfi-buys-100m/): The first 200 executive orders signed by President Donald Trump address matters concerning virtual assets, according to David Bailey, the CEO of Bitcoin Magazine. The Trump executive orders, which were signed shortly after the inauguration, drew attention for their potential to redefine the global financial realm. “Got confirmation tonight that our EOs are among the first 200. I have no idea what made it in, but good news cometh,” Bailey stated in a post on X. Bailey’s comments have reignited enthusiasm within the cryptocurrency community, emphasizing the orders’ possible influence on the sector. Executive orders are implemented directly through executive - [Fake Trump Meme Coins Cause Frenzy Following Official Launch](https://news.shib.io/2025/01/21/fake-trump-memecoins-cause-frenzy-following-official-launch/): Meme coin traders have struggled to navigate the growing influx of Trump-themed tokens, as numerous fake Trump memecoins emerged shortly after the release of the official coin, making it difficult to distinguish legitimate offerings from the noise. Traders are closely monitoring the market for additional Trump-branded meme coins after the official token bearing President Donald Trump’s name briefly surpassed a fully-diluted valuation (FDV) of $80 billion on January 18 — just one day after its launch. The Trump family has officially endorsed only one other token besides the Trump-branded coin: Official Melania (MELANIA), a cryptocurrency named after First Lady Melania - [Caroline Pham Named Acting CFTC Chair After Rostin Benham Exit](https://news.shib.io/2025/01/21/caroline-pham-named-acting-cftc-chair-after-rostin-benham-exit/): The U.S. Commodity Futures Trading Commission (CFTC) has named Caroline Pham, a current commissioner, as its acting chair following a vote by the agency’s commissioners. Pham will take over the agency on an interim basis, replacing the current CFTC chair Rostin Behnam, until President Donald Trump nominates a permanent head for the regulator, subject to Senate confirmation. The Republican commissioner, a former Citibank executive, brings extensive experience in the crypto space. Having advocated for digital asset regulation, Caroline Pham has been serving as a CFTC commissioner since April 2022. “I’m humbled to lead the CFTC as Acting Chairman,” Pham said - [Trump DOGE Faces Legal Scrutiny Amid Leadership Turmoil and Rift](https://news.shib.io/2025/01/21/trump-doge-faces-legal-scrutiny-amid-leadership-turmoil-and-rift/): As President Donald Trump begins his term, his newly established advisory group, the Department of Government Efficiency (DOGE), has been hit with legal challenges over its adherence to federal transparency laws. A report from The Washington Post on January 20 revealed that the National Security Counselors (NSC) filed a 30-page legal complaint, claiming that the Elon Musk-led agency qualifies as a federal advisory committee.  As such, the agency is required to adhere to specific governance standards, including the submission of a formal charter. According to the complaint, DOGE failed to meet these requirements, violating the Federal Advisory Committee Act (FACA) - [$TREAT Outperforms Market, Ranks First on Major CEX with Triple-Digit Surge](https://news.shib.io/2025/01/21/treat-outperforms-market-ranks-first-on-major-cex-with-triple-digit-surge/): A new contender emerges in the volatile cryptocurrency market as Shiba Inu Treat ($TREAT), a token of the Shiba Inu ecosystem, skyrockets to the top of KuCoin’s gainers list, boasting a remarkable 111% surge in the past 24 hours. $TREAT: A Meteoric Rise Amid Market Volatility The rapid ascent of Shiba Inu Treat $TREAT stood out in a market characterized by fluctuating sentiment. According to an X post by KuCoin, $TREAT’s dramatic price surge outpaced other notable tokens, highlighting the unpredictable nature of crypto assets. While other tokens like $OBT and $SWARMS saw notable gains, TREAT’s 111% increase was the - [Trump Appoints Mark Uyeda as Acting SEC Chair Post Gensler's Resignation](https://news.shib.io/2025/01/21/trump-appoints-mark-uyeda-as-acting-sec-chair-post-genslers-resignation/): The balance of power at the Securities and Exchange Commission (SEC) tilts dramatically as U.S. President Donald Trump appoints Mark Uyeda acting chair, a move that not only replaces Gary Gensler but also promises a significant rollback of his ambitious regulatory agenda, particularly in the realm of digital assets. Uyeda Appointment: A New Direction for the SEC? The appointment of Uyeda as acting SEC chair followed President Trump’s inauguration, marking a significant shift in the regulatory landscape for both traditional finance and the burgeoning cryptocurrency industry. The newly appointed acting SEC chairman, a Republican SEC commissioner since June 2022, replaced - [Mark Cuban Highlights Shiba Inu as a Success While Flirting with Meme Coin Creation](https://news.shib.io/2025/01/21/mark-cuban-highlights-shiba-inu-as-a-success-while-flirting-with-meme-coin-creation/): In a surprising tweet, billionaire Mark Cuban elevates Shiba Inu to a rare status: a meme coin that, according to him, has actually “worked.” This classification, delivered during a discussion on launching his own meme coin, lends a new level of legitimacy to the project that started as a meme coin but has since evolved into a tech powerhouse. A Rare Nod To Shiba Inu in the Meme Coin World Cuban’s X post, proposing a meme coin with a 20% float and a transparent revenue stream to the U.S. Treasury, was framed as a response to the current meme coin - [Justin Sun Expands Investment in Trump-Led WLFI](https://news.shib.io/2025/01/20/justin-sun-expands-investment-in-trump-led-wlfi/): Justin Sun, the founder of Tron (TRX), has announced that the TRON Decentralized Autonomous Organization (DAO) has increased its total investment in World Liberty Financial (WLFI), led by President-elect Donald Trump, to $75 million. In a recent post on X, Sun announced that TRON DAO has allocated an additional $45 million to its investment in WLFI. The move comes as TRON DAO continues to deepen its involvement with WLFI, with blockchain analytics platform Lookonchain reporting that the organization recently spent $15 million in USDT to acquire 1 billion WLFI tokens. The timing of these transactions, reportedly separated by just an - [Ethereum Foundation Co-Founder Vitalik Buterin Announces Leadership Changes](https://news.shib.io/2025/01/20/ethereum-foundation-co-founder-vitalik-buterin-announces-leadership-changes/): Ethereum co-founder Vitalik Buterin has revealed major leadership changes at the Ethereum Foundation, emphasizing a renewed focus on supporting decentralized app developers while staying true to the network’s core principles of decentralization. In a January 18 X post, Buterin said that the foundation aims to prioritize technical expertise, improve communication between the foundation and Ethereum ecosystem builders, and avoid political lobbying or ideological shifts. “We are indeed currently in the process of large changes to EF leadership structure, which has been ongoing for close to a year,” Buterin wrote. “Some of this has already been executed on and made public, - [Brian Armstrong: Coinbase Scales Solana Amid TRUMP Token Surge](https://news.shib.io/2025/01/20/brian-armstrong-coinbase-scales-solana-amid-trump-token-surge/): Brian Armstrong, co-founder and CEO of crypto exchange Coinbase, has addressed concerns over slow transaction times on the platform, stating that the issue will be resolved soon. In a response on X to Coinbase user “Ansem,” who expressed frustration over Solana’s transaction delays, Armstrong assured the community that the team is working to resolve the issue. He explained that the exchange had not anticipated the level of surge they experienced. “Team is working hard on scaling our Solana infra now – lots of Solana activity last few days,” Armstrong wrote.  Coinbase, a leading cryptocurrency exchange, revealed its plans to list - [SEC Sues Helium Developer Nova Labs Over False Partnership Claims](https://news.shib.io/2025/01/20/sec-sues-helium-developer-nova-labs-over-false-partnership-claims/): The U.S. Securities and Exchange Commission (SEC) has taken legal action against Nova Labs, Inc., accusing the tech company of making misleading statements regarding its partnerships with prominent corporations, just days before SEC Chair Gary Gensler’s departure. In a filing dated January 17, the SEC alleged that Nova Labs, the developers of the Helium Network, violated federal securities laws by selling unregistered investment products.  The products in question included “Hotspots,” devices designed to mine Helium’s native cryptocurrency (HNT), and a program called “Discovery Mapping,” which reportedly allowed users to trade personal data for cryptocurrency rewards. The SEC further accused Nova - [Melania Trump Launches Meme Coin Amid Controversy Over TRUMP Token Drop](https://news.shib.io/2025/01/20/melania-trump-launches-meme-coin-amid-controversy-over-trump-token-drop/): Incoming First Lady Melania Trump has launched her own MELANIA meme coin shortly after a significant drop in the value of her husband’s TRUMP token, which lost over 40% after peaking at a $15 billion valuation. Mrs. Trump unveiled her self-titled meme coin in a post on X, which was subsequently shared by her husband, President-elect Donald Trump. Data from DEXScreener reveals that more than 45,000 wallets have purchased the MELANIA token, which has reached a market capitalization of $6.14 billion since its debut. The President-elect’s meme token was trading at approximately $72 on Sunday but plummeted to under $39 - [Shiba Inu and Astra Nova Unite in NovaToon, A New Web3 Comic Platform on Shibarium](https://news.shib.io/2025/01/18/shiba-inu-and-astra-nova-unite-in-novatoon-a-new-web3-comic-platform-on-shibarium/): The digital world of comic books is about to be redrawn with the launch of NovaToon, a decentralized application on the Shibarium and Base blockchains that merges the universes of Astra Nova and the iconic Shiba Inu characters. This launch effectively ushers in a new era of digital collectibles and interactive storytelling.  Set to debut in February 2025, NovaToon aims to bridge the gap between traditional comic fans and crypto enthusiasts, offering a seamless experience for both seasoned Web3 users and newcomers. Shibarium Powers the Future of Comics with NovaToon Built on the Shibarium blockchain, NovaToon leverages the strengths of - [Astra Nova and Shiba Inu Forge Strategic Alliance in Web3 Space](https://news.shib.io/2025/01/17/astra-nova-and-shiba-inu-forge-strategic-alliance-in-web3-space/): The boundaries between artificial intelligence-driven gaming and meme-inspired cryptocurrency blur as Astra Nova and Shiba Inu announce a strategic partnership, marking a significant convergence in the Web3 landscape.  Distinct Strengths, Shared Web3 Vision: Astra Nova and Shiba Inu The alliance brings together the specific strengths of both groups, with Astra Nova offering its expertise in AI-driven storytelling, Web3 technology integration, and community design. Shiba Inu, on the other hand, brings its considerable focus on decentralization and community engagement.  The two organizations seek to leverage their collective strengths to explore innovative solutions and create new opportunities in the digital world. This - [Oscar Token: Building on Shiba Inu’s Legacy with a Deflationary Model and a Mission for Good](https://news.shib.io/2025/01/17/oscar-token-building-on-shiba-inus-legacy-with-a-deflationary-model-and-a-mission-for-good/): Oscar Token rises with a strong purpose in the world of memecoins: to channel the spirit of a viral Shiba Inu image towards community impact and charitable giving; all while bringing a deflationary supply to the table and taking inspiration from the foundational Shiba Inu legacy. The Origins of Oscar Token: Tapping into Internet Culture The story of Oscar Token begins well before Shiba Inu’s explosive rise, within the corners of early internet culture. In 2011, a simple video capturing a shiba inu’s playful leaps on a trampoline went viral, etching a piece of digital history.  This particular meme, predating - [Tether CEO Cautious About U.S. Expansion, But Sees Big Profits Ahead](https://news.shib.io/2025/01/17/tether-ceo-cautious-about-u-s-expansion-but-sees-big-profits-ahead/): Tether, the stablecoin issuer, has considered expanding its presence in the U.S., but CEO Paolo Ardoino emphasized a cautious approach as the company awaits regulatory clarity. In a January 16 interview with Bloomberg TV, Ardoino said that the company is waiting for clearer regulatory guidelines before making decisions on expanding further. He stressed the importance of understanding the evolving legal landscape before taking any more steps. Companies like Tether are expected to benefit from the incoming administration’s more crypto-friendly stance. It is “a great opportunity to start looking at the US environment and how it will change,” Ardoino stated.  This - [Analyst: Solana ETFs Unlikely Until 2026 Amid SEC Delays](https://news.shib.io/2025/01/17/analyst-solana-etfs-unlikely-until-2026-amid-sec-delays/): James Seyffart, an analyst at Bloomberg Intelligence, has discussed a potential delay in the launch of Solana exchange-traded funds (ETFs) in a recent interview with Blockworks. In a January 16 interview on the Blockworks Macro YouTube channel, Seyffart mentioned that despite the crypto-friendly administration, the launch of a Solana (SOL) ETF in the U.S. may not happen until 2026. He noted that the delay is primarily due to the SEC’s approval process, which typically takes 240 to 260 days. Seyffart also pointed out that the SEC’s ongoing lawsuits against crypto exchanges, claiming that SOL may be an unregistered security, could - [Crypto Scammers Shift to Telegram Malware with Fake Bots](https://news.shib.io/2025/01/17/crypto-scammers-shift-to-telegram-malware-with-fake-bots/): Crypto scammers have shifted focus to Telegram malware scams, which reportedly surged by 2,000% since November, now outpacing traditional phishing attempts. In a January 15 post on X, security firm Scam Sniffer revealed that these scams differ from the usual “connect wallet” tactics, where fraudsters trick users into linking their digital wallets to fake platforms to steal funds. Scammers have shifted tactics, now spreading advanced malware through counterfeit verification bots found in fraudulent trading, airdrop, and alpha groups. Scam Sniffer reports that once users run the malicious code or install the fake “verification” software, scammers gain access to sensitive data, - [Trump Treasury Pick Scott Bessent Opposes US CBDC, Says No Need for Digital Dollar](https://news.shib.io/2025/01/17/trump-treasury-pick-scott-bessent-opposes-us-cbdc-says-no-need-for-digital-dollar/): President-elect Donald Trump’s nominee for Treasury Secretary, Scott Bessent, has outlined his views on key financial matters during his nomination hearing. During Thursday’s hearing, Bessent briefly touched on cryptocurrency matters. However, he made it clear that he strongly opposes the concept of a U.S. central bank digital currency (CBDC) and reiterated his support for a more progressive approach to crypto regulation. The hedge fund manager told the Senate Finance Committee, which is set to consider his confirmation, that the Federal Reserve should refrain from issuing a digital dollar. His position reflects concerns within the crypto industry, which views the idea - [FDIC Destroyed Operation Chokepoint Docs, Says Senator Lummis](https://news.shib.io/2025/01/17/fdic-destroyed-operation-chokepoint-docs-says-senator-lummis/): Wyoming Senator Cynthia Lummis has expressed alarm over reports from whistleblowers claiming that the Federal Deposit Insurance Corporation (FDIC) destroyed key documents related to Operation Chokepoint 2.0 (OCP2.0) and withheld materials connected to the controversial anti-crypto initiative. In a letter dated January 16, Senator Lummis called on FDIC Chair Marty Gruenberg to take immediate steps to safeguard all documents associated with OCP 2.0.  Operation Chokepoint 2.0 refers to a controversial initiative aimed at restricting the access of crypto-related businesses to traditional banking services. It is seen as a continuation of the original Operation Chokepoint, which was implemented during the Obama - [BitMEX Faces $100M Fine for US Banking Law Violations](https://news.shib.io/2025/01/16/bitmex-faces-100m-fine-for-us-banking-law-violations/): HDR Global Trading Limited, the company behind the cryptocurrency exchange BitMEX, has been ordered to pay a $100 million fine and serve two years of unsupervised probation for breaching U.S. banking regulations. In a January 15 hearing, U.S. District Court Judge John Koeltl, from the Southern District of New York, dismissed BitMEX’s claim that a prior $110 million fine adequately addressed its legal violations. The sentencing follows approximately six months after the cryptocurrency exchange admitted to violating the U.S. Bank Secrecy Act (BSA) by operating without “any meaningful” Anti-Money Laundering (AML) program. In July 2024, BitMEX dismissed the charges as - [SEC Case Against Elon Musk Called Weak and Political by Expert](https://news.shib.io/2025/01/16/sec-case-against-elon-musk-called-weak-and-political-by-expert/): John Reed Stark, a former official with the U.S. Securities and Exchange Commission (SEC), has weighed in on the SEC’s lawsuit against X CEO Elon Musk, which accused him of failing to disclose his purchase of over 5% of Twitter’s shares in early 2022. In a post on X, Stark expressed his agreement with Musk regarding the SEC’s civil enforcement action, referring to it as a “joke.” The ex-SEC official, who spent nearly two decades working in the SEC’s Enforcement Division, slammed the lawsuit. Stark criticized the SEC’s 11-page complaint, describing it as “extraordinarily weak, lacking any sort of scheme - [Russia 'Crypto Queen' Bitmama Charged with Stealing $21M From Investors](https://news.shib.io/2025/01/16/russia-crypto-queen-bitmama-charged-with-stealing-21m/): Russian influencer Valeria Fedyakina, known as Bitmama, has been accused of embezzling large sums of money, including Bitcoin and UAE dirhams, amounting to at least 2.2 billion rubles ($21.3 million). According to the Russian state-run news agency TASS, Fedyakina, dubbed the “Crypto Queen,’ allegedly enticed clients with opportunities to invest in cryptocurrency and promised substantial returns.  However, prosecutors argue that Fedyakina failed to fulfill these promises, instead vanishing with her clients’ funds shortly after receiving them. This led to accusations of large-scale fraud and embezzlement against the Russian influencer. Image source: Bitmama Instagram Bitmama amassed a significant social media following - [The Shib Crypto Recap: Wednesday](https://news.shib.io/2024/10/23/the-shib-crypto-recap-wednesday-5/): As Wednesday unfolds, the top news headlines are dominated by the latest developments in global cryptocurrency trends, alongside legal and financial consequences stemming from incidents of fraud and corruption in the industry. With mounting pressure on lawmakers and regulators, the discourse surrounding crypto regulations is heating up, which reflects broader concerns about accountability and transparency in the digital asset space. Banning Private Cryptos? India Explores Safer Alternatives with CBDCs The Indian government is considering banning private cryptocurrencies, including Bitcoin and Ether. Key experts argue that the risks of these assets far exceed their benefits. They argue that Central Bank Digital - [ShibaSwap: A Deep Dive into Shiba Inu's Native DEX](https://news.shib.io/2024/10/23/what-is-shibaswap-a-deep-dive-into-shiba-inus-native-dex/): The decentralized finance (DeFi) landscape has exploded with innovation, offering crypto enthusiasts new ways to engage with digital assets. One intriguing entrant in this space is ShibaSwap, a DeFi platform born from the Shiba Inu (SHIB) meme coin phenomenon. ShibaSwap extends beyond the meme, providing users with a suite of financial services, including staking, swapping, and liquidity provision. This guide offers a comprehensive look at Shiba Inu’s DEX, exploring its features, tokens, and how it fits into the DeFi ecosystem. ShibaSwap: An Introduction Launched in July 2021, ShibaSwap is the native decentralized exchange (DEX) of the Shiba Inu project. Built - [Top 5 Cryptocurrencies for Achieving Financial Independence](https://news.shib.io/2024/10/23/top-5-cryptocurrencies-for-achieving-financial-independence/): Cryptocurrency has presented numerous opportunities for investment, potentially paving the way towards financial independence. While investing in cryptocurrencies involves risks, making informed decisions can lead to significant rewards. In this blog post, we’ll delve into five prominent cryptocurrencies that have shown potential for long-term growth and could significantly impact your journey towards financial independence. Bitcoin (BTC) As the original and most well-known cryptocurrency, Bitcoin has been a trailblazer since its inception in 2009. With a solid network and high liquidity, Bitcoin offers security and stability that many other cryptos may lack. Its limited supply ensures scarcity, potentially driving up its - [Peter Todd Goes Into Hiding After HBO Documentary Sparks Harassment](https://news.shib.io/2024/10/23/peter-todd-goes-into-hiding-after-hbo-documentary-sparks-harassment/): Bitcoin core developer Peter Todd has been facing persistent harassment after being falsely identified as Satoshi Nakamoto in an HBO documentary released on October 8. Todd quickly refuted the claims, but the documentary pointed to him as the main suspect behind the pseudonymous creator of Bitcoin. In a recent Wired interview, Todd shared that the false identification has led to numerous individuals contacting him, many asking for money. Todd revealed that one person sent him 25 emails within two days requesting assistance with a loan. Todd has since taken measures to protect his safety, citing concerns similar to those Satoshi - [Tesla Still Has $780M Bitcoin Despite Transfers to Unidentified Wallets - Report](https://news.shib.io/2024/10/23/tesla-still-has-780m-bitcoin-despite-transfers-to-unidentified-wallets-report/): Tesla likely retains its entire Bitcoin collection, valued at around $780 million, despite transferring the assets to anonymous wallets on October 15, according to blockchain analytics firm Arkham Intelligence. The electric vehicle manufacturer reportedly transferred 11,509 Bitcoin across seven different wallets, with each wallet containing between 1,100 and 2,200 Bitcoin. The two largest ones, identified as “1Fnhp” and “1LERL,” received $142.2 million and $128.1 million, respectively. Despite initial concerns that Tesla might be preparing to sell its Bitcoin, Arkham Intelligence clarified in yesterday’s post on X (formerly Twitter) that these transfers appear to be part of a “wallet rotation,” suggesting - [Tether CEO Slams the US for Lagging in Crypto Regulations](https://news.shib.io/2024/10/23/tether-ceo-slams-the-us-for-lagging-in-crypto-regulations/): Tether CEO Paul Ardoino has criticized the United States for lagging behind in developing cryptocurrency regulations, and suggested that progress might be seen after the elections. Speaking at the DC Fintech Week conference yesterday, Ardoino expressed concern over the U.S.’s current stance on crypto regulation.  “There is no place like the U.S,,” he said, emphasizing that the country has traditionally been a leader in technological advancement. However, he noted, “This is the first time in history that I see the U.S. dropping the ball,” referring to its handling of crypto policies. The United States crypto industry has been pushing for - [India Moves to Ban Private Cryptos, Favors Central Bank Digital Currency](https://news.shib.io/2024/10/23/india-moves-to-ban-private-cryptos-favors-central-bank-digital-currency/): The Indian government is considering a ban on private cryptocurrencies such as Bitcoin and Ether. Key institutions and regulators argue that the benefits of these digital assets can be replicated by the Central Bank Digital Currency (CBDC), based on recent consultations. This decision stems from a strong experts’ consensus that the risks associated with private cryptocurrencies far outweigh their benefits, including stablecoins linked to assets like gold. In discussions ahead of preparing a policy discussion paper on crypto, key players have emphasized that CBDCs can mimic the functionality of cryptocurrencies while offering more benefits and significantly less risk. “CBDCs can - [Shibarium Goes Parabolic: New Transactions Inch Closer To 2M](https://news.shib.io/2024/10/23/shibarium-goes-parabolic-new-transactions-inch-closer-to-2m/): Shibarium, the layer-2 scaling solution of the Shiba Inu crypto project, has seen a dramatic surge in transactions, approaching two million. This spike, observed on Tuesday, follows a period of relative quiet, suggesting the potential for increased adoption and utility. Data from Shibariumscan revealed a striking pattern. From late September through mid-October, new transactions remained near negligible levels. However, this period of low activity was abruptly punctuated on Monday, when transactions began a sharp ascent, reaching approximately 400,000. The surge continued, culminating in a peak of 1.766 million new transactions on Tuesday – a near-vertical climb on the chart. While a - [Red Card Scandal: Trial Begins for 20 Defendants in €28 Million Scam](https://news.shib.io/2024/10/23/red-card-scandal-trial-begins-for-20-defendants-in-28-million-scam/): A French conference center will host a high-profile trial where over 20 defendants face charges for allegedly defrauding more than 1,300 individuals out of €28 million (approximately $30.52 USD). The schemes in the so-called Red Card Scandal included fake cryptocurrency investments and deceptive diamond savings plans. The defendants, who have reportedly been scamming people for more than two decades, are accused of orchestrating a wide-reaching international financial fraud. Among the victims are football clubs, which led to the case getting its name. The magnitude and complexity of the investment schemes have drawn global attention. The trial’s move to a conference - [Vitalik Buterin Rejects Michael Saylor's Bitcoin Custody Proposal](https://news.shib.io/2024/10/23/vitalik-buterin-rejects-michael-saylors-bitcoin-custody-proposal/): Vitalik Buterin, co-founder of Ethereum, has strongly criticized MicroStrategy’s Michael Saylor for suggesting that Bitcoin users should rely on large financial institutions to hold their cryptocurrency.  In a post on X (formerly Twitter) yesterday, Buterin described Saylor’s suggestion as “batshit insane,” referring to a growing debate in the crypto community over Bitcoin custodianship. Buterin’s comments came in response to Saylor’s recent statement advocating that Bitcoin holders trust “too big to fail” banks like BlackRock and Fidelity to safeguard their assets. Saylor, in an interview on Monday, argued that these institutions, with government and regulatory backing, are better suited to serve - [RAK Region Advances Decentralized Autonomy with DAO Association Regime](https://news.shib.io/2024/10/23/rak-region-advances-decentralized-autonomy-with-dao-association-regime/): The Ras Al-Khaimah (RAK region) in the United Arab Emirates has set a new benchmark in the global decentralized ecosystem by introducing the DAO Association Regime (DARe). It provides a legal framework that empowers Decentralized Autonomous Organizations (DAOs) to thrive within its digital assets oasis-free zone. The RAK region offers the legal infrastructure necessary to interact with off-chain entities and operate securely and legally. The newly launched DARe enables DAOs to open bank accounts, own on-chain and off-chain assets, and interact seamlessly with traditional entities within the RAK Digital Assets Oasis free zone.  The introduction of DARe comes at a pivotal - [Rosfinmonitoring's New Initiative Tightens Oversight on Crypto Trading Platforms in Russia](https://news.shib.io/2024/10/23/rosfinmonitorings-new-initiative-tightens-oversight-on-crypto-trading-platforms-in-russia/): Rosfinmonitoring in Russia recently launched an initiative to enhance financial intelligence. All trading platforms must register or obtain a license, collect client information, and store transaction data for at least five years. The initiative also requires them to share this information with government agencies. The introduction of “route rules” is also proposed to trace each transaction’s sender and recipient details. Lawyers have weighed in on the potential impact of these regulations on the Russian market segment. Moscow-based Dmitry Kirillov notes that this step is part of a global trend toward strengthening control over cryptocurrency transactions. This is in alignment with - [Shiba Eternity Web3: Conquer the Dogjo with These Top Dog Tactics](https://news.shib.io/2024/10/22/shiba-eternity-web3-conquer-the-dogjo-with-these-top-dog-tactics/): Look, we get it. Shiba Inu. Cute dogs. Collectible card game. It all sounds a bit… fluffy, doesn’t it? But don’t let the adorable aesthetics fool you. Beneath the surface of Shiba Eternity Web3 lurks a surprisingly deep and strategic collectible card game (CCG) — one that demands cunning, planning, and a healthy dose of ruthless digital dog-deploying. So, put down the squeaky toy, grab your thinking cap (preferably one adorned with tiny Shiba Inu ears), and prepare to learn the art of winning. Now, it’s time to get serious. We’re talking winning strategies, cunning combos, and enough tactical nuance - [CoinSwitch CEO Accuses WazirX of Transferring $73.6M After Cyber Attack](https://news.shib.io/2024/10/22/coinswitch-ceo-accuses-wazirx-of-transferring-73-6m-after-cyber-attack/): CoinSwitch CEO Ashish Singhal has claimed that WazirX transferred approximately $73.6 million in users’ crypto assets to global exchanges Bybit and KuCoin following a $234 million cyber attack in July. Singhal raised the accusation on Monday as CoinSwitch introduced a public dashboard designed to track wallet activities in response to WazirX’s recent wallet disclosures. WazirX recently filed an affidavit with the Singapore High Court, disclosing over 240,000 wallet addresses as part of its ongoing debt restructuring process. Singhal explained that CoinSwitch holds both fiat and crypto assets with WazirX, but the exchange “illegally” suspended withdrawals. In response, CoinSwitch used its - [Michael Saylor Faces Backlash Over Bitcoin Custody Comments](https://news.shib.io/2024/10/22/michael-saylor-faces-backlash-over-bitcoin-custody-comments/): MicroStrategy’s executive chairman, Michael Saylor, faced backlash following his recent comments suggesting Bitcoin holders should entrust their assets to large financial institutions instead of using self-custody.  During an interview yesterday with financial reporter Madison Reidy, Saylor said Bitcoiners “have nothing to lose” when they transfer their Bitcoin to institutions. This statement contrasts with his previous support for self-custody. When asked about the possibility of the U.S. government restricting Bitcoin holders’ rights to self-custody, Saylor dismissed the notion, calling it a concern of “paranoid crypto-anarchists.” He referred to the fear of a state-mandated Bitcoin seizure as “a myth and a trope” - [Former Mine Digital CEO Charged with Fraud Over Missing Bitcoin Funds](https://news.shib.io/2024/10/22/former-mine-digital-ceo-charged-with-fraud-over-missing-bitcoin-funds/): Grant Colthup, the former CEO of Australian cryptocurrency exchange Mine Digital, has been charged with fraud after allegedly misappropriating a customer’s $1.47 million (2.2 million Australian dollars). The Australian Securities and Investments Commission (ASIC) confirmed yesterday that the customer transferred the funds to Mine Digital’s parent company, ACCE Australia, intending to exchange them for Bitcoin. However, the customer never received the cryptocurrency. ASIC alleges that Colthup used the funds to pay off ACCE’s liabilities, purchase cryptocurrency for other clients, or combine both. This is the latest legal issue for Mine Digital, which collapsed in September 2022, leaving creditors attempting to - [UK’s FCA Defends Strict Crypto Regulations to Combat Money Laundering and Crime](https://news.shib.io/2024/10/22/uks-fca-defends-strict-crypto-regulations-to-combat-money-laundering-and-crime/): The Financial Conduct Authority (FCA) of the UK has defended its rigorous approach to cryptocurrency regulation, emphasizing that its strict standards are crucial for preventing money laundering and other criminal activities.  Critics have suggested that the FCA’s tough stance could stifle innovation, but the agency remains committed to ensuring the safety, security, and integrity of the UK’s financial system. As per the FCA, it wants to maintain high standards in terms of crypto regulations and aims to safeguard not only consumers but also the integrity of the UK’s financial markets. It acknowledges that some have expressed concerns about the bar - [Leader of Massive Credit Card Fraud in Japan Arrested With Help of Crypto](https://news.shib.io/2024/10/22/leader-of-massive-credit-card-fraud-in-japan-arrested-using-crypto/): Japan’s National Police Agency, along with a joint investigation team from nine prefectural police forces, has arrested 26-year-old Yuta Kobayashi on suspicion of orchestrating a large-scale credit card fraud scheme. Kobayashi, believed to be the mastermind, allegedly used stolen credit card information to gain steal over 100 million yen.  This is the first time Japanese authorities identified a suspect through cryptocurrency analysis, specifically involving the high-confidentiality cryptocurrency Monero. The Investigation and Arrest Between June and July 2021, Kobayashi allegedly listed fictitious items for sale on the popular flea market app Mercari. He completed 42 fraudulent transactions totaling 2.75 million yen - [Crypto Regulation Efforts in the US Stalled, Says CFTC Chair](https://news.shib.io/2024/10/22/crypto-regulation-efforts-in-the-us-stalled-says-cftc-chair/): During a speech at the Securities Industry and Financial Markets Association (SIFMA) annual meeting in New York yesterday, Commodity Futures Trading Commission (CFTC) Chair Rostin Behnam highlighted significant challenges in regulating the cryptocurrency market due to stalled legislative efforts. Behnam emphasized the CFTC’s limited capacity to enforce compliance and oversee the market without proper regulatory framework, expressing concern for the vulnerabilities this creates for market participants and institutional investors. He acknowledged that progress is unlikely to occur before the year ends but remained optimistic about future developments, stating, “I’m not betting on anything happening necessarily at the end of the - [Indonesia’s Bappebti Extends Deadline for Crypto Exchangers](https://news.shib.io/2024/10/22/indonesias-bappebti-extends-deadline-for-crypto-exchangers/): The Commodity Futures Trading Regulatory Agency (Bappebti) of Indonesia has extended the deadline for cryptocurrency exchangers to fulfill regulatory requirements as Physical Crypto Asset Traders (PFAK).  Under Bappebti Regulation No. 9 of 2024, exchangers now have until the last week of November 2024 to complete their obligations. Bappebti Declares Extension for Crypto Exchangers The extension applies to exchangers currently operating as Prospective Physical Crypto Asset Traders (CPFAK). The decision provides these companies with additional time to meet the regulatory requirements necessary to transition into fully licensed PFAKs. Key among these requirements is securing membership in the Futures Exchange and Crypto - [Transak Phishing Attack Affected 92,554 Users](https://news.shib.io/2024/10/22/transak-phishing-attack-affected-92554-users/): Transak, the blockchain and Web3 payments platform, has revealed a security breach that affected 1.14% of its users, or approximately 92,554 individuals.  The company assured that no financial information was compromised and that it has taken swift actions to secure systems and prevent future incidents. But why did it happen in the first place? Transak Phishing Attack: What Happened? The breach occurred after an attacker gained unauthorized access to an employee’s laptop through a phishing scheme. This granted the attacker access to a third-party vendor’s system that Transak uses for Know Your Customer (KYC) document verification. The compromised vendor’s dashboard - [Unlocking the Shiba Inu Ecosystem: A Beginner's Guide](https://news.shib.io/2024/10/22/shiba-inu-ecosystem-a-beginners-guide/): The world of cryptocurrency can feel like a bewildering maze, a digital labyrinth of acronyms and fluctuating values. For those intrigued by the Shiba Inu ecosystem, with its playful canine mascot and fervent community, taking the first step can seem daunting. This guide offers a clear, step-by-step path for newcomers, navigating the process from setting up a digital wallet to engaging with the vibrant Shiba Inu community. Step 1: Finding the Right Exchange for Your Shiba Inu Journey Before acquiring SHIB, the Shiba Inu token, one needs a reputable cryptocurrency exchange. Think of this as your gateway to the crypto - [The Rise of Shiba Inu Not As A Meme Coin But As A Movement](https://news.shib.io/2024/10/22/the-rise-of-shiba-inu-not-as-a-meme-coin-but-as-a-movement/): Meme coins have carved out a unique niche in the ever-expanding world of cryptocurrency, often born from internet culture and capturing the imagination of millions. While it seems that everyone from influencers to reality TV stars wants a taste of Web3 fame by launching their own meme coin, one coin stands out among the fray: Shiba Inu ($SHIB). This playful token has not only survived but thrived. It has set itself apart as the gold standard in a sea of meme coins. The Inspiration Behind Shiba Inu Launched in August 2020, Shiba Inu was inspired by Dogecoin, which features the - [The Shiba Inu Ecosystem: SHIB, BONE and LEASH Explained](https://news.shib.io/2024/10/22/the-shiba-inu-ecosystem-shib-bone-and-leash-explained/): The Shiba Inu cryptocurrency, launched as a meme coin, has since evolved into a more dynamic ecosystem. This ecosystem currently has three tokens: Shiba Inu (SHIB), DogeKiller (LEASH), and Bone Shbaswap (BONE). Each token plays a distinct role within the system, offering different utilities to investors and participants. This article will break down these tokens, their roles, and how they differ. SHIB: The Foundation Token Shiba Inu (SHIB) is the first token launched in August 2020. Initially created as a meme coin to rival Dogecoin, SHIB has grown far beyond its novelty origins. As an ERC-20 token on the Ethereum - [South Korean Youth Deep In Debt Amid Rise in Crypto Trading - Report](https://news.shib.io/2024/10/21/south-korean-youth-deep-in-debt-amid-rise-in-crypto-trading-report/): Reports on October 20 indicate a sharp rise in loan defaults among young South Koreans, with many linking the trend to the growing popularity of cryptocurrency trading.  Data shows that a substantial number of individuals in their teens and twenties are defaulting on loans, particularly from neobanks associated with crypto exchanges. The South Korean government said Thursday that it has decided to administer a regular mental health checkup for those aged between 20 and 34, starting next year as part of the state-run national health examination program.https://t.co/FbjD67l4Yd — The Korea Herald 코리아헤럴드 (@TheKoreaHerald) October 20, 2024 Loan Default Rates Among - [Indian National Faces Five Years in Jail for $20M Crypto Fraud](https://news.shib.io/2024/10/21/indian-national-sentenced-to-five-years-for-20m-crypto-fraud/): A citizen of India has been sentenced to five years in prison for orchestrating a crypto fraud that stole over $20 million from hundreds of victims worldwide, including those in the United States.  U.S. District Judge Kenneth D. Bell handed down the decision to Chirag Tomar, 31, who also received two years of supervised release following his prison term. This was announced by Dena J. King, U.S. Attorney for the Western District of North Carolina. The sentencing follows Tomar’s involvement in a sophisticated scheme where he and his co-conspirators created fake websites. They mimicked Coinbase, one of the largest cryptocurrency - [Major Crypto Money Laundering Operation Dismantled in Fuzhou](https://news.shib.io/2024/10/21/major-crypto-money-laundering-operation-dismantled-in-fuzhou/): Fuzhou police have dismantled a major cryptocurrency money laundering ring that provided illegal payment settlement services to online fraud and illicit industries.  The investigation, which uncovered vast amounts of money quietly circulating online, led to the arrest of 11 suspects. The breakthrough came when Fuzhou police discovered evidence linking a third-party payment platform to criminal activities, including online fraud and other black and gray market operations. The platform, which was reportedly operated by a gang, facilitated fund transfers using stablecoins, a type of virtual currency, to process payments for illegal futures trading and similar enterprises. In return, the criminals earned - [Bitcoin Should Be Taxed or Banned, Say ECB and Federal Reserve Reports](https://news.shib.io/2024/10/21/bitcoin-should-be-taxed-or-banned-say-ecb-and-federal-reserve-reports/): A recent Federal Reserve Bank of Minneapolis paper proposes that assets like Bitcoin should be taxed or banned to help governments manage permanent deficits.  The paper, published last Thursday, argues that in an economy where the government relies on nominal debt to maintain permanent deficits, Bitcoin poses challenges for policy implementation. The researchers claim that Bitcoin (BTC) introduces what they describe as a “balanced budget trap,” where the government is forced to balance its budget, disrupting its ability to sustain a permanent deficit. The paper uses Bitcoin as an example of private-sector security with a fixed supply and no real - [South Korea to Launch Virtual Asset Committee for Crypto Regulation](https://news.shib.io/2024/10/21/south-korea-to-launch-virtual-asset-committee-for-crypto-regulation/): South Korea is set to launch a new policy advisory body, the Virtual Asset Committee, as early as this month.  The committee will accelerate discussions on key issues, including the approval of virtual asset spot exchange-traded funds (ETFs), corporate investment in virtual assets, and the introduction of second-stage legislation. It comprises 15 members and will be led by Vice Chairperson Kim So-young of the Financial Services Commission (FSC). It will include six government officials from key ministries, such as the Ministry of Justice and the Ministry of Science and ICT, alongside nine private-sector members. The committee is established under the - [BRICS Will Advance Talks on Digital Currencies for Investment - Putin](https://news.shib.io/2024/10/21/brics-will-advance-talks-on-digital-currencies-for-investment-putin/): Russian President Vladimir Putin announced during the BRICS Business Forum in Moscow that the bloc will continue discussing the use of digital currencies in investment developments.  Putin noted that Russia and other BRICS members have already been working on a SWIFT-like financial messaging system and the use of national digital currencies in financing high-growth investment projects. He highlighted that the BRICS bloc is preparing to launch the BRICS Pay platform, a blockchain-based payment system aimed at facilitating cross-border transactions within the alliance. Putin also welcomed the inclusion of Egypt, Ethiopia, Iran, and the UAE into the bloc, highlighting that over - [Vitalik Buterin Proposes Solutions to Ethereum Staking Centralization Issues](https://news.shib.io/2024/10/21/vitalik-buterin-proposes-solutions-to-ethereum-staking-centralization-issues/): Ethereum co-creator Vitalik Buterin has proposed several changes to address centralization concerns in Ethereum’s staking and block production. In an X post yesterday, Buterin emphasized that staking centralization poses one of the most significant risks to Ethereum, as economies of scale are pushing smaller staking pools to join larger ones. He expressed concern that two entities, Beaverbuild and Titan Builder, built 88% of all Ethereum blocks in just the first two weeks of October. Possible futures of the Ethereum protocol, part 3: The Scourgehttps://t.co/mtzH1ZxTak (I tried my best to be fair to all sides of the debates here!) — vitalik.eth - [SHIB Holders, Rejoice! A PHIL Token Airdrop Is Happening](https://news.shib.io/2024/10/21/shib-holders-rejoice-a-phil-token-airdrop-is-happening/): Right, listen up, you diamond-handed degens! If you’ve been hodling onto your precious SHIB like it’s the One Ring, you’re in for a treat. A juicy PHIL token airdrop is raining down from the crypto heavens, and you don’t want to miss this token rain. No need to jump through hoops, this reward is all about timing and a little bit of luck. If your SHIB stash was nestled safely in a non-custodial wallet (MetaMask, Trust Wallet, Ledger – the usual suspects) back on August 28th (block number 20,627,000, for the blockchain historians), then you’re eligible for a share of - [Shibarium Erupts: Key Metrics Surge Fuels Optimism](https://news.shib.io/2024/10/21/shibarium-erupts-key-metrics-surge-fuels-optimism/): For weeks, Shibarium, the layer-2 scaling solution for the Shiba Inu ecosystem, has seen a promising advancement in the turbulent crypto landscape. But, like a volcano rumbling to life, Shibarium witnessed a dramatic surge in key metrics, igniting fervent excitement within its community and raising questions about the future of its gas fee token, BONE. The data unveiled an interesting story of explosive growth. New transactions, the lifeblood of any blockchain network, leaped from a modest 3,689 to a staggering 324,593, an astronomical 8,690% increase. This dramatic surge underlined a significant rise in network usage and activity, hinting at a - [NFT Market Collapse: Is Your Digital Monkey Worth Less Than Your Coffee Now? ](https://news.shib.io/2024/10/19/nft-market-collapse-is-your-digital-monkey-worth-less-than-your-coffee-now/): Oh, NFTs, how the mighty have fallen. If you’re still clutching onto your digital Bored Ape or that CryptoPunk you overpaid for in 2021, it might be time to start questioning your life choices. The NFT market has been in free fall for months, and September 2024 was no different. In fact, NFT sales volume plummeted to about 21.2% last month, leaving many traders wondering if this digital art phase is just another casualty of crypto hype. 📉💀 Remember when NFTs were the hottest thing in crypto? Everyone was talking about how your digital monkey was going to fund your retirement or - [Do Kwon Crypto Cache: Behind Bars, But Bitcoin Flows?](https://news.shib.io/2024/10/19/do-kwon-crypto-cache-behind-bars-but-bitcoin-flows/): The concrete walls of a Montenegrin prison hold Do Kwon, the fallen crypto king, but they seemingly couldn’t contain his digital millions.  A new report unveiled a perplexing twist in the ongoing saga: while awaiting extradition, Kwon allegedly orchestrated the movement of substantial Bitcoin sums, raising troubling questions about the security of his crypto holdings and the preparedness of authorities in the face of increasingly sophisticated digital finance. The story began with Kwon’s arrest in March 2023, a moment that many believed would mark the end of his run. Accused of orchestrating the spectacular collapse of the Terra/Luna ecosystem, he - [Shiba Inu Holds Its Breath: Potential Breakout Looms, Crypto Analyst Predicts](https://news.shib.io/2024/10/19/shiba-inu-holds-its-breath-potential-breakout-looms-crypto-analyst-predicts/): A palpable tension grips the Shiba Inu community. The meme coin, affectionately known as SHIB, stands poised at a critical juncture, its price teetering on the edge of a potential breakout, as forecasted by a crypto analyst. Analysts and investors alike scrutinize the charts, their collective breath held, waiting for a sign, any sign, of the anticipated upward surge. One crypto analyst, known as Crypto Sheriff (@Gem_Sheriff on X), believes the moment is at hand. Just days earlier, Sheriff tantalized his followers with a series of audacious price predictions for SHIB, ranging from $0.00002 to a moonshot of $0.001. Now, - [Tapioca DAO Drained: Millions Vanish in Cross-Chain Exploit](https://news.shib.io/2024/10/19/tapioca-dao-drained-millions-vanish-in-cross-chain-exploit/): Panic grips the decentralized finance (DeFi) community as Tapioca DAO, a promising money market protocol built on LayerZero, reels from a devastating security breach. Millions of dollars worth of its native TAP token have evaporated into the blockchain ether, leaving investors reeling and investigators scrambling to uncover the perpetrators. On Friday, the DeFi world watched in disbelief as the value of Tapioca DAO’s TAP token plummeted by over 90%. Blockchain security firm Cyvers issued an urgent alert, its tweet a stark chronicle of the unfolding disaster: “🚨ALERT🚨Our system has flagged multiple suspicious transactions involving @tapioca_dao! It might be possible that - [The Weekly Meme Digest](https://news.shib.io/2024/10/19/the-weekly-meme-digest-21/): Welcome back, degens, to The Shib’s The Weekly Meme Digest! Early Disclaimer: This ain’t your grandma’s financial news. Bored of the same old crypto news? Well, grab your snacks and HODL on tight, because The Weekly Meme Digest is back to rescue you from the mundane! Like the majestic Shiba Inu in our logo, we’re here to deliver the most paw-some stories, with a side of sass. This isn’t your typical crypto snooze-fest, oh no. We’re here to break down the chaos of crypto, blockchain, Web3, and future tech into bite-sized, meme-filled fun—because who said news can’t be spicy? 🌶️🔥 - [SEC vs. Solana: Round Two… FIGHT! 🥊](https://news.shib.io/2024/10/19/sec-vs-solana-round-two-fight-%f0%9f%a5%8a/): Looks like hopium dealers are out of luck this week! 🍀 The drama between the SEC and everyone’s favorite surfer dude blockchain, Solana (SOL), just took a turn spicier than a kimchi kimbap 🌶️🍙. Remember that summer fling where everyone thought the SEC was cooling off on SOL and other altcoins? 😎 Yeah, turns out that rumor was about as real as Satoshi’s Twitter account. 👻 The feds just doubled down on their lawsuit against Binance, claiming the exchange violated securities laws by letting users trade SOL (and a bunch of its buddies) 🧑‍🤝‍🧑. Apparently, that amended complaint in July - [Crypto Super PACs Drop $1.3M on Midterms: Forget Healthcare, Let’s Talk Blockchain💸!](https://news.shib.io/2024/10/19/crypto-super-pacs-drop-1-3m-on-midterms-forget-healthcare-lets-talk-blockchain%f0%9f%92%b8/): Well, butter my biscuit and call me Satoshi, the crypto political circus is in full swing! Crypto Super PACs have dropped a cool $1.3 million on House candidates like they’re bidding on a rare Bored Ape.  Fairshake, the PAC with more money than sense (apparently), is showering Democrats with love (read: cash), while Defend American Jobs is backing up the GOP wagon. Because nothing says “fiscal responsibility” like throwing crypto at politicians. 🤷‍♀️ According to some juicy Oct. 17 filings (because who doesn’t love reading FEC documents?), two major crypto Super PACs—Fairshake and Defend American Jobs—are playing both sides of - [Bitcoin Hits $68K, Flirting with All-Time Highs 🚀💰](https://news.shib.io/2024/10/19/bitcoin-hits-68k-flirting-with-all-time-highs-%f0%9f%9a%80%f0%9f%92%b0/): Bitcoin is back! After months of volatility and sideways action, Bitcoin has surged to around $68,000, getting dangerously close to its all-time high of around $69,000. The recent surge has been fueled by a number of factors, including the growing excitement around spot Bitcoin ETFs, short liquidations, and renewed confidence in the broader crypto market. 📈 The ETF Hype 🚀 One of the major catalysts behind Bitcoin’s rally is the increasing anticipation around spot Bitcoin ETFs. These investment vehicles are considered the holy grail for crypto adoption because they allow traditional investors to get exposure to Bitcoin without holding the asset. Inflows into these ETFs have - [Trump Can't Have It All: WLFI Token Takes a Tumble!](https://news.shib.io/2024/10/19/trump-cant-have-it-all-wlfi-token-takes-a-tumble/): Well, well, well! It looks like Donald Trump’s latest venture into the wild world of cryptocurrency, the WLFI token, has hit a bit of a snag — like a bad hair day in a windstorm! 🌪️ The launch aimed to rake in a whopping $300 million by selling 20 billion WLFI tokens. So far, they’ve managed to sell a mere 788 million tokens, bringing in just about $11.8 million — yep, that’s less than 4% of the goal. Talk about a financial flop! 🎭💰 According to blockchain data from Etherscan, around 9,050 unique wallet addresses currently hold WLFI. That’s only - [World Chain vs. Privacy: Are Users Safe, or Just Pawns in a Dangerous Game?](https://news.shib.io/2024/10/18/world-chain-vs-privacy-are-users-safe-or-just-pawns-in-a-dangerous-game/): Sam Altman’s “proof-of-humanity” initiative, formerly known as Worldcoin, has launched a new Ethereum layer-2 blockchain called World Chain.  In a statement released on October 17, the company announced that the 15 million users who have authenticated their identity through iris scans for a “World ID” can now access this new network. World Chain aims to enhance efficiency and add new features for users of the Worldcoin token, as the company seeks to scale its onboarding process. The network is designed to prioritize verified users — those with World IDs — over bots by providing them with block space and free - [Ethereum's Pectra Fork to Include New Scalability Improvements](https://news.shib.io/2024/10/18/ethereums-pectra-fork-to-include-new-scalability-improvements/): Ethereum developers are preparing to implement an Ethereum Improvement Proposal (EIP) that aims to optimize blob-carrying transactions and enhance the network’s scalability. According to an update shared by Galaxy Digital’s vice president of research, Christine Kim, on October 17, EIP-7742 is set to be included in the upcoming Pectra fork. quick update from acdc #144, devs have officially included eip 7742 in pectra, eip 7742 creates a mechanism for the CL to dynamically set the blob gas target+max, with this eip, it's *likely* a blob count increase will also be included in pectra, and *unlikely* other changes to… — Christine - [AI Robots Hacked to Perform Harmful Tasks; 100% Jailbreak Rate - Study](https://news.shib.io/2024/10/18/ai-robots-hacked-to-perform-harmful-tasks-100-jailbreak-rate-study/): Researchers from Penn Engineering have successfully hacked AI-powered robots, manipulating them to perform actions typically blocked by safety and ethical protocols.  The findings, published yesterday, detail how the research team used an algorithm called RoboPAIR to bypass safety measures in three AI robotic systems: the Unitree Go2, Clearpath Robotics’ Jackal vehicle, and NVIDIA’s Dolphin LLM self-driving simulator. The study achieved a 100% “jailbreak” rate, a process where safety constraints are circumvented, allowing the AI robots to follow harmful commands. These included instructions to deliver bombs or block emergency exits, actions the robots would typically refuse to perform under normal circumstances. - [AI-Powered Fraud Detection Tool Helps U.S. Treasury Recover Billions](https://news.shib.io/2024/10/18/ai-powered-fraud-detection-tool-helps-u-s-treasury-recover-billions/): The U.S. Department of Treasury announced yesterday that it recovered $4 billion in fraud and improper payments during the 2024 fiscal year using artificial intelligence (AI) technology.  This is a substantial increase from the previous year when the department recovered $652.7 million in fraudulent transactions. According to Treasury official Renata Miskell, the department began quietly integrating machine learning AI in late 2022. The technology has been used to analyze large sets of data and detect patterns that indicate fraudulent behavior. “It’s really been transformative,” Miskell said, emphasizing that “leveraging data has upped our game in fraud detection and prevention.” Miskell - [Forcount Promoter Juan Tacuri Sentenced to 20 Years in Prison](https://news.shib.io/2024/10/18/forcount-promoter-juan-tacuri-sentenced-to-20-years-in-prison/): Juan Tacuri, the key promoter of the Forcount Ponzi scheme, has been sentenced to 20 years in prison on October 15 by U.S. District Judge Analisa Torres. According to the U.S. Department of Justice, Tacuri was also ordered to pay $3.6 million in restitution and will face one year of supervised release following his sentence. The Southern District of New York revealed that this Ponzi scheme primarily targeted Spanish-speaking communities and defrauded thousands of investors. Tacuri was involved in a scheme falsely presenting Forcount as a cryptocurrency mining and trading company. He and others made false promises of high returns, - [India Crypto Adoption Surges at Global Grassroots Level Despite Regulatory Hurdles](https://news.shib.io/2024/10/18/india-crypto-adoption-surges-at-global-grassroots-level-despite-regulatory-hurdles/): India crypto adoption is leading the way in global grassroots movements, despite facing evolving regulations and high taxes. The region, which includes Central and Southern Asia and Oceania (CSAO), saw over $750 billion in crypto inflows from July 2023 to June 2024, according to recent data from Chainalysis. This positions CSAO as the third-largest crypto market globally, after North America and Western Europe. The region’s crypto growth is driven by institutional activity, with transfers worth over $10,000 accounting for the majority of transactions. India stands out, ranking second in terms of cryptocurrency value received and securing the top spot on - [New STKD ETF Offers Bold Bet on Bitcoin and Gold as US Election Looms](https://news.shib.io/2024/10/18/new-stkd-etf-offers-bold-bet-on-bitcoin-and-gold-as-us-election-looms/): Stacked (STKD) has introduced a new exchange-traded fund (ETF) offering leveraged exposure to both Bitcoin (BTC) and gold.  According to a statement, the STKD Bitcoin & Gold ETF (BTGD) was launched on Wednesday. It provides investors with a combined investment in these two assets, which are increasingly viewed as protection against inflation and currency debasement. The ETF is structured to give investors 100% exposure to both Bitcoin and a gold portfolio for each dollar invested in the fund. This is achieved through a mix of Bitcoin and gold futures, as well as ETFs tracking their respective prices. According to STKD, - [Stablecoin Stalls in the US Amid Regulatory Uncertainty](https://news.shib.io/2024/10/18/stablecoin-stalls-in-the-us-amid-regulatory-uncertainty/): Stablecoin growth in U.S. markets has stalled as regulatory delays push activity toward non-U.S. exchanges, reflecting challenges that threaten the country’s leadership in the digital asset space. Until 2023, U.S.-regulated exchanges saw steady growth in stablecoin transactions, driven by rising global adoption of digital currencies. However, in 2024, this trend reversed, with more stablecoin activity occurring on non-U.S. exchanges. Experts believe this shift signals not a sharp decline in U.S. market participation but rather the rapid rise of stablecoin usage outside the U.S. Emerging Markets Drive Stablecoin Adoption as U.S. Risks Losing Global Influence The surge in global stablecoin adoption - [NH Nonghyup Bank Manager Embezzles 12.1 Billion Won Using Fake Real Estate Loans](https://news.shib.io/2024/10/18/nh-nonghyup-bank-manager-embezzles-12-1-billion-won-using-fake-real-estate-loans/): An internal audit at NH Nonghyup Bank in Seoul has revealed that a branch manager embezzled 12.1 billion won (approx. $876,000) through fraudulent loans. The manager, identified as Kim, used fake real estate as collateral, exploiting weaknesses in the bank’s internal control system for over four years. The bank’s headquarters detected the fraudulent activity in late August when they noticed suspicious loan activity at the Seoul branch. The investigation found that Manager Kim secured a total of 17.1 billion won in loans over 106 occasions from June 2020 to August 2024. Kim used the names of acquaintances and created false - [FBI Arrests Alabama Man for Hacking SEC X Account](https://news.shib.io/2024/10/17/fbi-arrests-alabama-man-for-hacking-sec-x-account/): The Federal Bureau of Investigation (FBI) has arrested 25-year-old Eric Council Jr. from Athens, Alabama, for hacking the Securities and Exchange Commission’s (SEC) X account.  According to a press release from the FBI today, Council worked with co-conspirators to gain control of the SEC’s account and post a false message regarding Bitcoin exchange-traded funds (ETFs). False SEC Post Causes Bitcoin Price Surge On January 9, 2024, the SEC’s X account falsely posted, “Approval for #Bitcoin ETFs for listing on all registered national securities exchanges.” The message caused Bitcoin’s price to increase by $1,000. The price then dropped by $2,000 after - [Phil Behind the Meme: Exclusive Interview with Token Creator](https://news.shib.io/2024/10/17/phil-behind-the-meme-an-exclusive-interview-with-the-enigmatic-creator-of-phil/): The cryptocurrency world is no stranger to outlandish mascots and whimsical narratives. But Phil, a new project emerging from the meme coin frenzy, is aiming for something more. Its creator, the enigmatic ZZ_410, envisions a future where memes can be a force for good, driving real-world change through philanthropy. In this exclusive interview, we explore ZZ_410’s vision, the challenges this crypto project faces, and its potential to disrupt the crypto landscape. ZZ_410, a veteran of the crypto space, traced their journey back to the Bitcoin mining days of 2011. “Those early days felt like uncharted territory,” they recalled to The - [Trump's WLFI Token Flops: Raises Less Than 4% of $300M Goal](https://news.shib.io/2024/10/17/trumps-wlfi-token-flops-raises-less-than-4-of-300m-goal/): The launch of the Donald Trump-endorsed cryptocurrency, WLFI, has not met its initial fundraising expectations.  World Liberty Financial, the organization behind the digital coin, aimed to raise $300 million through the sale of 20 billion WLFI tokens. Currently, the project has sold only 788 million tokens, raising approximately $11.8 million, which is less than 4% of the target. Blockchain data from Etherscan shows that around 9,050 unique wallet addresses currently hold WLFI, representing roughly 9% of the 100,000 wallets whitelisted for participation. The sale began on Tuesday, with Trump promoting the project through a video on X, formerly Twitter. Despite - [Ancilia Accidentally Links to Crypto Wallet Drainer on X](https://news.shib.io/2024/10/17/ancilia-accidentally-links-to-crypto-wallet-drainer-on-x/): Ancilia, the crypto-security firm, got in trouble Wednesday when it accidentally shared a link that led to a crypto wallet drainer on X. The incident happened shortly after it published a post alerting users of the $58 million hack on Radiant Capital’s lending protocol. In its post, Ancilia urged Radiant users to revoke smart contract permissions on the exploited platform to protect their funds. The post included a link to what was later revealed to be a crypto wallet drainer – a malicious tool designed to steal money from unsuspecting victims. Pseudonymous crypto commentator Spreek, who first noticed the mistake - [Radiant Capital Security Breach Drains $58M From User Funds](https://news.shib.io/2024/10/17/radiant-capital-security-breach-drains-58m-from-user-funds/): Radiant Capital has reported a security breach affecting its contracts on the Binance Smart Chain (BSC) and Arbitrum (ARB) networks, resulting in the loss of approximately $58 million in user funds, including USDC, WBNB, and ETH. Analytics platform De.Fi Antivirus Web3 revealed this in a post on X. In response to the breach, security experts are advising users to take immediate action by revoking any existing approvals for their tokens associated with Radiant Capital. The address to revoke approvals is 0xd50cf00b6e600dd036ba8ef475677d816d6c4281, and users are urged to act swiftly to protect their remaining funds from further unauthorized access. The analytics platform - [Cybercriminal Recruitment is High in Russia, China, and N Korea - Report](https://news.shib.io/2024/10/17/cybercriminal-recruitment-is-high-in-russia-china-and-n-korea-report/): Russia, China, and North Korea are reportedly intensifying their cybercriminal recruitment activities to steal money, gather intelligence, and influence elections, according to a report released by Microsoft on Tuesday.Microsoft’s Digital Defense Report highlights how nation-state actors are becoming more aggressive and sophisticated in their cyber attacks. Tom Burt, the corporate vice president of customer security, noted in the summary that hackers aren’t just stealing data; they are also launching ransomware attacks, sabotaging operations, and influencing public opinion. The report highlights how authoritarian regimes are strategically harnessing the expertise of criminal hackers to bolster their own tech capabilities without incurring significant - [Automatic Bot Hacks Token, Profits $24,000 in 12 Secs](https://news.shib.io/2024/10/17/automatic-bot-hacks-token-profits-24000-in-12-secs/): A token was hacked in under 12 seconds by a bot linked to the pseudonymous Ethereum wallet “bigbrainchad.eth,” netting the hacker $24,000 in profits.  This swift, coordinated assault reportedly occurred just moments after the token became vulnerable, with the hacker’s automated system identifying the weakness and executing the exploit almost instantly. Automated Bots: The New Face of Crypto Exploits The use of automated bots, like the one tied to “bigbrainchad.eth,” is becoming increasingly common in the world of crypto hacks. These bots are programmed to scan blockchain networks for weaknesses, then execute attacks with extraordinary speed. In this case, the - [2024 State of Crypto Report: Transformative Year for Blockchain Tech and Policy](https://news.shib.io/2024/10/17/2024-state-of-crypto-report-transformative-year-for-blockchain-tech-and-policy/): The newly released 2024 State of Crypto Report highlights dramatic advancements in the cryptocurrency landscape, showcasing unprecedented growth, policy recognition, and technological improvements. The 2024 State of Crypto Report highlights cryptocurrency’s emergence as a significant topic for policymakers, the many technological upgrades to blockchain networks, and evolving trends among builders and users in the crypto space. One key area of focus in the report is the rise of stablecoins, often referred to as one of crypto’s “killer apps.” Stablecoins have gained traction, demonstrating their product-market fit in the broader financial landscape. The report also explores the intersection of cryptocurrency with - [Is Shiba Inu Next? Robinhood Targets Seasoned Traders With Bitcoin Futures](https://news.shib.io/2024/10/17/robinhood-targets-seasoned-traders-with-bitcoin-futures-is-shiba-inu-next/): Robinhood, the trading platform that became a household name during the 2021 meme-stock frenzy, is making a play for Wall Street’s grown-ups. The company’s recent foray into Bitcoin and Ethereum futures trading signals a clear ambition: to shed its image as a playground for retail investors and compete with established brokerage giants. But as Robinhood sets its sights on seasoned traders, a lingering question hangs in the air, particularly for the fervent Shiba Inu community: will the popular dog-themed altcoin be next? The company’s strategic shift is evident in its recent moves. Robinhood unveiled its new desktop platform, Robinhood Legend, - [The Shib Crypto Recap: Wednesday](https://news.shib.io/2024/10/16/the-shib-crypto-recap-wednesday-4/): This Wednesday, the news cycle is buzzing with significant law enforcement action against crypto fraud, market discussions, the involvement of well-known influencers in tokens that have crashed, and TikTok facing scrutiny for allegedly operating in a manner akin to a cryptocurrency exchange. High-Tech Romance Scam: 27 Arrested in $46M Cross-Border Crypto Fraud Police in Hung Hom, Hong Kong, discovered a large cross-border fraud operation that swindled over HK$360 million (approximately $45.93 million USD) from victims worldwide. They arrested 27 individuals, aged 21 to 34, on charges of conspiracy to defraud and possession of offensive weapons. The fraud involved local university - [Changing the Game](https://news.shib.io/2024/10/16/changing-the-game/): Read the latest edition of The Shib magazine here. - [Italy to Slam Bitcoin Gains with 42% Tax Hike](https://news.shib.io/2024/10/16/italy-to-slam-bitcoin-gains-with-42-tax-hike/): The Italian government is planning to increase the capital gains tax on Bitcoin from 26% to 42%, according to Deputy Economy Minister Maurizio Leo.  Speaking at a news conference today, Leo explained that the change is part of the country’s budget bill approved by the Council of Ministers. This proposed tax increase would apply to profits made from Bitcoin investments. Leo stated, “On capital gains from Bitcoin, the withholding tax increases from 26% to 42%.” According to him, the government’s goal is to revise tax policies related to digital assets and generate additional revenue for the state budget. Italy’s Elimination - [TikTok Accused of Running a Secret Crypto Exchange – Here's Why](https://news.shib.io/2024/10/16/tiktok-accused-of-running-a-secret-crypto-exchange-heres-why/): TikTok is being scrutinized in the UK for potentially operating like a cryptocurrency exchange. According to Financial News, a compliance expert alerted the Financial Conduct Authority (FCA) regarding TikTok’s virtual currency system, TikTok Coins. Users purchase these coins with real money to gift creators on the platform, but concerns have been raised about the possibility of converting the coins back into cash. This process mirrors cryptocurrency transactions and has drawn attention from regulatory authorities. The expert expressed concerns about TikTok’s virtual tokens being used in ways that may involve money laundering or terrorist financing. These concerns arise as crypto businesses - [Sleeping Bitcoin Whale Moves $630K to Kraken, Unleashes $5.5M in 2 Months](https://news.shib.io/2024/10/16/sleeping-bitcoin-whale-moves-630k-to-kraken-unleashes-5-5m-in-2-months/): A long-dormant Bitcoin whale, who mined cryptocurrency just five days after the genesis block was created in 2009, has recently made significant transfers to Kraken, a major cryptocurrency exchange. Blockchain data firm Arkham Intelligence reported that the whale transferred $630,000 worth of Bitcoin to Kraken on Monday. This follows previous transfers by the same wallet, totaling $5.47 million in Bitcoin over the past two months. According to Arkham Intelligence, the whale’s wallet still holds approximately $75.2 million worth of Bitcoin after these transfers. The wallet’s remaining 1,127 bitcoins were moved to a new address following the most recent transaction. Bitcoin - [Bitfinex Hack Mastermind Faces 5 Years in Prison](https://news.shib.io/2024/10/16/bitfinex-hack-mastermind-faces-5-years-in-prison/): Ilya Lichtenstein, the individual behind the 2016 Bitfinex hack, is facing a five-year prison sentence for his role in a large-scale money laundering operation. According to Bloomberg, U.S. prosecutors have asked the court to impose this sentence after Lichtenstein’s guilty plea over the theft of roughly 120,000 Bitcoin from the exchange. At the time, the stolen Bitcoin was worth $71 million, but its value later surged to over $6 billion due to the rise in cryptocurrency prices. Lichtenstein’s wife, Heather Morgan, also played a role in laundering the funds and has pleaded guilty to related charges. Prosecutors recommended an 18-month - [Tesla Shifts Entire Bitcoin Holdings – Is a Big Market Move Coming?](https://news.shib.io/2024/10/16/tesla-shifts-entire-bitcoin-holdings-is-a-big-market-move-coming/): Tesla has moved its entire Bitcoin holdings, totaling 11,509 BTC, valued at approximately $770 million, to new wallet addresses after two years of inactivity.  Arkham Research tracked the move, reporting that the company transferred Bitcoin in a series of transactions, including six test transfers. These movements represent the first time Tesla has interacted with its Bitcoin wallets since June 2022. Tesla initially invested $1.5 billion in Bitcoin in February 2021. As of October 15, 2024, Tesla’s Bitcoin holdings were estimated at 9,720 BTC, worth around $650 million. However, Arkham’s data indicates the company holds a total of 11,509 BTC across - [Victim Loses $35,000 in Otxo Conference Malware Attack](https://news.shib.io/2024/10/16/victim-loses-35000-in-otxo-conference-malware-attack/): A victim has reported a loss of $35,000 after unknowingly installing malware associated with the Otxo conference.  Scam Sniffer talked about it on X. ⚠️ A victim claims they lost $35,000 after installing the Otxo conference malware 3 days ago. Get our security extension for timely alerts! 🔒💡 https://t.co/EUbiI9M76B pic.twitter.com/Crwq5fzad6 — Scam Sniffer | Web3 Anti-Scam (@realScamSniffer) October 16, 2024 Malware, short for malicious software, refers to any software designed to cause damage to a computer, server, client, or computer network. It encompasses a variety of harmful programs, including viruses, worms, trojans, ransomware, and spyware. It can also infiltrate systems - [Ledger Wallet Users Targeted in Phishing Scheme to Activate Fake 'Clear Signing' Feature](https://news.shib.io/2024/10/16/ledger-wallet-users-targeted-in-phishing-scheme-to-activate-fake-clear-signing-feature/): A new phishing campaign is targeting Ledger wallet users to trick them into activating a fraudulent security feature called “Ledger Clear Signing” and steal their cryptocurrency. The deceptive emails, which do not originate from official Ledger addresses, claim that doing so is essential for the continued secure use of Ledger devices. The emails contain a malicious link that directs recipients to a fake website, where they are prompted to enter sensitive information. One email states, “To continue using your Ledger device securely, activating Clear Signing is mandatory starting November 1, 2024. This feature is essential in protecting your assets from - [Russia Implements Two-Stage Income Tax System for Crypto Miners](https://news.shib.io/2024/10/16/russia-implements-two-stage-income-tax-system-for-crypto-miners/): Cryptocurrency miners in Russia will soon face the same income tax regulations as other industries. The proposed taxation system is structured to calculate tax liabilities based on when miners can dispose of their mined cryptocurrency. According to Alexey Katyayev, head of the Interregional Inspectorate for the Largest Taxpayers No. 7 of the Federal Tax Service (FTS), the payment will occur in two stages. During the first stage, termed “payment of an advance on mined cryptocurrency,” the tax base begins once the cryptocurrency is credited to the miner’s identifier address. Katyayev said that miners can trigger tax calculations even if they keep the - [Hong Kong Police Uncover $360M Global Crypto Fraud Ring](https://news.shib.io/2024/10/16/hong-kong-police-uncover-360m-global-crypto-fraud-ring/): In the heart of Hung Hom neighborhood in Hong Kong, police uncovered a massive cross-border fraud center responsible for defrauding victims worldwide of over HK$360 million (approximately $45.93 million USD).  The Hong Kong Police Force (HKPF) dismantled the operation, arresting 27 individuals aged between 21 and 34 years, for conspiracy to defraud and possession of offensive weapons. Described as unusually large and meticulously organized, the operation involved local university graduates, overseas fraudsters, and IT experts. They allegedly collaborated to create a fake cryptocurrency investment platform. The scam employed a sophisticated “romance scam” strategy, using artificial intelligence-based “deepfake” technology to initiate - [MrBeast $10M Crypto Gains and How Influencer-Backed Tokens Crashed](https://news.shib.io/2024/10/16/mrbeast-10m-crypto-gains-and-how-influencer-backed-tokens-crashed/): A recent investigation into YouTube sensation MrBeast exposes his involvement in profiting over $10 million by backing low-cap crypto tokens. Many of these had since plummeted over 90% in value. Promoted by influencers like Lark Davis and KSI, these investments left retail investors facing massive losses. At the center of this investigation is MrBeast’s involvement with SuperFarm, now rebranded as SuperVerse. The investigation, based on wallet activity labeled as belonging to MrBeast by blockchain analytics platform Arkham Intelligence, alleged that MrBeast turned an initial $100,000 investment into over $9 million.  MrBeast’s involvement became public when a private message from him, - [The Shib Crypto Recap: Tuesday](https://news.shib.io/2024/10/16/the-shib-crypto-recap-tuesday-4/): It’s another day in the crypto sphere, which means it’s time for a recap of today’s major headlines. Tuesday features a mosaic of even more crypto security issues, regulatory precedents, and Bitcoin discussions.   Shocking Stats: 536 Crypto Hacks and $31 Billion in Losses Over a Decade A recent report indicates there have been 536 crypto hacks and scams over the past 13 years, causing losses exceeding $31 billion. Analyst Igor Stepahin created what he calls “the largest dataset of crypto losses,” using a hybrid Bubble Chart and Swarm Plot to illustrate the data. Notably, over $18 billion has been - [Bitcoin Slammed as ‘Worthless’ by Fed President Despite Soaring 48% in 2024](https://news.shib.io/2024/10/15/bitcoin-slammed-as-worthless-by-fed-president-despite-soaring-48-in-2024/): Minneapolis Federal Reserve President Neel Kashkari has reiterated his stance that Bitcoin remains a “worthless” asset class despite its 12 years of existence. Kashkari emphasized that the cryptocurrency has not established itself as a viable currency, maintaining its critical view of the asset despite its longevity in the financial markets. FED'S KASHKARI: BITCOIN REMAINS WORTHLESS AFTER TWELVE YEARS — FinancialJuice (@financialjuice) October 14, 2024 Bitcoin’s Performance Over the Years BTC has shown significant gains through the years, delivering notable returns during several key periods. In 2012, the cryptocurrency rose by 9%, followed by a 59% increase in 2016 and a - [Google Taps Nuclear Power to Fuel AI: WSJ](https://news.shib.io/2024/10/15/google-taps-nuclear-power-to-fuel-ai-wsj/): Google has signed an agreement to support the construction of seven small nuclear reactors in the U.S. to help meet the country’s rising demand for electricity, particularly for its artificial intelligence (AI) data centers.  According to the Wall Street Journal, the deal is with nuclear-energy startup Kairos Power and represents the first commercial construction of small modular nuclear reactors (SMRs) in the United States. The companies announced that the reactors are expected to add 500 megawatts of power by the end of the decade. Google Partnership with Kairos for Nuclear Energy Under the agreement, Kairos Power will deliver the reactors, - [South Korea Authorities Crack Down on Tax Evaders with $890K Crypto Seizure](https://news.shib.io/2024/10/15/south-korea-authorities-crack-down-on-tax-evaders-with-890k-crypto-seizure/): North Gyeongsang Province in South Korea has seized cryptocurrency assets totaling $890,000 from residents who failed to pay their local taxes. The province aims to collect $136 million in overdue taxes by the end of the year and has already recovered $35 million by August, per a report from Daekyung IIbo. The latest seizure is an ongoing effort to target tax evaders with cryptocurrency holdings. South Korea Intensifies Tax Recovery Efforts The province announced a two-month campaign to recover unpaid taxes, running from October 14 to December 13. The campaign involves 22 of the province’s largest cities and counties, all - [Brazil's Digital Currency Advances with Drex Consortium](https://news.shib.io/2024/10/15/brazils-digital-currency-advances-with-drex-consortium/): Brazil’s Central Bank (BC) has announced a second phase for its pilot project, Drex, which aims to create a digital currency infrastructure for the country’s financial system.  The project, launched in 2019, intends to expand the number of consortiums participating and receive more complex use cases than those tested in the first phase, such as loans secured by custodial assets or carbon credits. For the new phase, 13 use cases are confirmed for testing. These include receivables assignment and credit collateralized by CDBs. Other cases involve loans backed by government bonds and international trade financing. The tests also cover foreign - [Trump Crypto Project Reportedly Secures 100K Signups Before Major Token Launch](https://news.shib.io/2024/10/15/trump-crypto-project-reportedly-secures-100k-signups-before-major-token-launch/): World Liberty Financial (WLFI), the decentralized finance (DeFi) platform associated with Donald Trump, claims to have secured more than 100,000 signups ahead of its WLFI token launch today.  The platform revealed it will release an Ethereum-based ERC-20 governance token, which will be integral to the platform’s operations. The token will serve as a governance tool, allowing holders to participate in decision-making. Zak Folkman, head of operations for World Liberty Financial, discussed details of the token during an X Spaces event yesterday. Folkman and team members Chase Herro and Zach Witkoff reiterated information already provided in a blog post last Friday.  - [Phishing Scam Strikes Again: $1.28M in Crypto Gone](https://news.shib.io/2024/10/15/phishing-scam-strikes-again-1-28m-in-crypto-gone/): A new phishing scam has led to the theft of approximately $1.28 million worth of cryptocurrency. According to blockchain security firm PeckShieldAlert, the victim’s wallet was drained after signing a malicious phishing permit. The stolen assets include PEPE, APU, and MSTR tokens. PeckShieldAlert identified the compromised wallet as 0xb0b8…40c7. The stolen assets consist of 108 billion PEPE tokens, 73.8 million APU tokens, and 165,000 MSTR tokens. The phishing address, labeled #Fake_Phishing442846, has been connected to the same group responsible for an earlier theft involving Spark Wrapped Ethereum (spWETH) tokens worth $32 million. #PeckShieldAlert The address 0xb0b8…40c7 has been drained of - [Metaplanet Boosts Bitcoin Holdings by 107 BTC, Stock Jumps 15.7% Overnight](https://news.shib.io/2024/10/15/metaplanet-boosts-bitcoin-holdings-by-107-btc-stock-jumps-15-7-overnight/): Shares of Japanese investment firm Metaplanet rose 15.7% today after the company announced its latest Bitcoin acquisition. Metaplanet revealed that it purchased nearly 107 Bitcoin, bringing its total holdings to 855.5 BTC, valued at over $56.1 million. Latest Bitcoin Purchase Details Metaplanet confirmed that it spent approximately $6.7 million (1 billion yen) to acquire 106.976 Bitcoin at a price of $62,520 per coin. This price was 5.8% below the market rate of $66,200 at the time of the transaction. This latest acquisition follows a series of Bitcoin purchases made earlier in October. Metaplanet acquired 109 Bitcoin on October 11 and - [How Dollar-Cost Averaging is Transforming Crypto Investment](https://news.shib.io/2024/10/15/how-dollar-cost-averaging-is-transforming-crypto-investment/): Dollar-cost averaging (DCA) has emerged as a popular investment strategy among cryptocurrency investors, allowing individuals to purchase a fixed amount of an asset at regular intervals.  This method offers a “set it and forget it” approach that enables investors to steadily accumulate cryptocurrency while minimizing the impact of short-term price volatility and emotional decision-making. A recent survey of 1,109 crypto investors sheds light on the effectiveness of DCA and how various demographics adapt their investment strategies in response to market fluctuations. Notably, 83.53% of respondents reported having used DCA, with 59% identifying it as their primary strategy for engaging with - [UAE Central Bank Regulates Algorithmic Stablecoins, Privacy Tokens](https://news.shib.io/2024/10/15/uae-central-bank-regulates-algorithmic-stablecoins-privacy-tokens/): The Central Bank of the UAE has begun regulating the virtual asset landscape, particularly focusing on Algorithmic Stablecoins and Privacy Tokens. Regulators have scrutinized these two categories of digital assets due to their potential for misuse, as well as their impact on the integrity of the financial system. The announcement is seen as a bold step by CBUAE, which has traditionally been conservative in its approach to financial innovation. As part of these regulatory efforts, the UAE Central Bank enacted a prohibition on the issuance, promotion, and provision of services related to Algorithmic Stablecoins and Privacy Tokens. This prohibition extends - [Over $31B Lost to Crypto Hacks and Scams in 13 Years - Analyst](https://news.shib.io/2024/10/15/over-31b-lost-to-crypto-hacks-and-scams-in-13-years-analyst/): As cryptocurrencies have evolved into a multibillion-dollar industry, so have the hacks and scams that come with them. A recent report reveals that there have been 536 incidents over the last 13 years, totaling more than $31 billion in losses. Analyst Igor Stepahin curated a list of crypto scams calling it “the largest dataset of crypto losses.”  The analyst highlighted a unique hybrid of a Bubble Chart and Swarm Plot showing the distribution of crypto hacking incidents over the said period. Each circle represents an incident, with its size indicating the amount lost (if reported). The X-axis displays dates, while - [Samara Asset Eyes €30M Nordic Bond, Taps Pareto for Investor Talks](https://news.shib.io/2024/10/15/samara-asset-eyes-e30m-nordic-bond-taps-pareto-for-investor-talks/): Samara Asset Group p.l.c., a global asset management firm based in Berlin, has mandated Pareto Securities as Sole Manager to arrange a series of fixed-income investor meetings. An up to €30m (approximately $31.6 million) senior secured Nordic bond (the “Bond”) may follow, subject to market conditions.  The Bond will be issued by Samara Asset Group p.l.c., while a newly formed SPV, Samara Asset Holdings Ltd., will act as the guarantor. Samara’s goal with this Bond is to expand its diversified investment portfolio. It aims to acquire additional limited partnership stakes in alternative investment funds. It also wants to enhance its - [The Shib Crypto Recap: Monday](https://news.shib.io/2024/10/14/the-shib-crypto-recap-monday-3/): In today’s recap, we’ll explore the latest in crypto as we kick off the week. This Monday has brought with it reports of rising crypto-related crimes and the introduction of new regulatory enforcement strategies. We’ll also dive into Vitalik Buterin’s recent insights shared in a blog post, as well as Google’s controversial decision to remove live price charts from its interface. Additionally, the James Howells case continues to unveil fascinating aspects worth discussing in the crypto narrative. Western Europe Faces Spike in Violent Home Invasions and High-Stakes Robberies There has been a significant increase in violent home invasions aimed at - [Ethereum’s Future: How Vitalik Buterin Plans to Transform Staking and Decentralization](https://news.shib.io/2024/10/14/ethereums-future-how-vitalik-buterin-plans-to-transform-staking-and-decentralization/): Vitalik Buterin has outlined several areas for improvement in Ethereum’s Proof of Stake (PoS) network, particularly focusing on staking accessibility and block finalization speed. In a recent blog post, Buterin highlighted that while Ethereum’s transition from Proof of Work (PoW) to PoS was a significant milestone, issues remain. One primary concern is the high staking requirement of 32 ETH, which Buterin proposes lowering to 1 ETH to encourage solo staking. He believes that reducing this barrier could promote decentralization by allowing more individuals to participate. Possible futures of the Ethereum protocol, part 1: the Mergehttps://t.co/JycODdM4wW — vitalik.eth (@VitalikButerin) October 14, - [Europe’s Crypto Holders Facing Violent Home Raids—$4.3 Million Bitcoin Stolen](https://news.shib.io/2024/10/14/europes-crypto-holders-facing-violent-home-raids-4-3-million-bitcoin-stolen/): A sharp rise in violent home invasions targeting crypto holders has been reported, particularly in Western Europe. In a post on X last Thursday, Blockchain investigator ZachXBT said he received numerous messages from victims, revealing a pattern of criminals using extreme force to steal cryptocurrency. These incidents involve armed attackers forcing individuals to transfer their digital assets on the spot. ZachXBT made the same claim in a Telegram message on September 27. However, he revealed that one incident involved a user on the social media platform X, who lost $4.3 million in cryptocurrency during a home invasion in June 2024. - [World Liberty Financial Token Sale Scheduled Amid Ongoing Controversies](https://news.shib.io/2024/10/14/world-liberty-financial-token-sale-scheduled-amid-ongoing-controversies/): The highly anticipated token sale for World Liberty Financial (WLFI) is set to go live on Tuesday morning, October 15.  Former Republican U.S. president made the announcement on X.  This initiative aims to reshape the financial landscape, and prospective buyers are encouraged to join the exclusive X Spaces session on October 14 at 8 a.m. EST. This is to gain insights into this groundbreaking venture, as per Trump.  Over the years, Trump has evolved from being a critic of cryptocurrency to becoming a strong advocate. “We are embracing the future with crypto and leaving the slow and outdated big banks - [Zypto App Confirms Shibarium Integration](https://news.shib.io/2024/10/14/zypto-app-confirms-shibarium-integration-expanding-access-to-shiba-inu-ecosystem/): Zypto, a comprehensive cryptocurrency platform bridging decentralized and centralized finance (DeFi and CeFi), confirms it is prioritizing the integration of Shibarium, Shiba Inu’s layer-2 scaling solution, bringing enhanced scalability and functionality to its users. Zypto’s platform caters to both novice and experienced crypto users, offering a user-friendly interface for managing, trading, and spending cryptocurrencies. While specific user numbers aren’t publicly available, the platform boasts a growing user base and strategic partnerships with companies like MoneyGram and American Express, expanding its global reach across markets like the U.S. and Europe. “We love to see such strong community engagement!” Zypto announced on - [No More Bitcoin Price Updates? Google Pulls the Plug on Crypto Charts](https://news.shib.io/2024/10/14/no-more-bitcoin-price-updates-google-pulls-the-plug-on-crypto-charts/): Google has removed live price charts for Bitcoin and other cryptocurrencies from its search results. Users who typically check cryptocurrency prices by searching terms like “Bitcoin price” or “Ethereum price” no longer see the charts, which have been available since 2018. However, Google has not provided an official explanation for this change, and it is uncertain whether the removal is temporary or permanent. Although cryptocurrency price charts have been removed, stock and index charts continue to appear in search results. The feature had previously allowed users to quickly check the price of Bitcoin and other popular cryptocurrencies directly from the - [Bitcoin Mining Expansion: Buryatia's Bold Energy Upgrade to Enhance Regional Capacity](https://news.shib.io/2024/10/14/bitcoin-mining-expansion-buryatias-bold-energy-upgrade-to-enhance-regional-capacity/): In a significant boost for the Russian Bitcoin mining hotspot of Buryatia, plans are underway for a major energy upgrade, with a revamped thermal power plant set to launch before the end of 2029.  This project promises to enhance the region’s energy capacity, according to an announcement by Russian news agency TASS. It aims to address the growing demands of the cryptocurrency industry while positioning Buryatia as a key player in the global Bitcoin mining landscape. TGK-14 is undertaking the project in Buryatia’s capital city of Ulan-Ude, and it has the potential to alleviate energy deficits. It also aims to - [Lost Treasure or Legal Quagmire? The James Howells Case Exposes Risks of Lost Digital Assets](https://news.shib.io/2024/10/14/lost-treasure-or-legal-quagmire-the-james-howells-case-exposes-risks-of-lost-digital-assets/): In a bizarre twist of fate, James Howells, a Newport IT engineer, is facing a legal showdown with his hometown council over the loss of an estimated £495 million (approximately $647 million) in Bitcoin.  At stake is the recovery of a hard drive containing private keys to 8,000 Bitcoins – a digital treasure trove that has since soared in value. The story began in 2013, when Howells accidentally discarded the hard drive during a household clearout, sending it to Newport’s recycling center. The IT engineer had been an early Bitcoin miner. His lost digital hoard has become a symbol of - [SARS Cracks Down on Crypto: Major Investigation Targets Tax Evasion and Financial Misconduct](https://news.shib.io/2024/10/14/sars-cracks-down-on-crypto-major-investigation-targets-tax-evasion-and-financial-misconduct/): The South African Revenue Service (SARS) has launched a major investigation into cryptocurrency investments. SARS is taking a hard line against non-compliant taxpayers. This is part of a bold move to combat tax evasion and financial misconduct. More than 5.8 million South Africans now own some form of cryptocurrency. As a result, SARS is intensifying efforts to ensure these assets are accurately reported for tax purposes.  SARS has declared cryptocurrencies like Bitcoin, Ethereum, and others as official assets. That means every South African with crypto holdings or trading activities must report them on their tax returns. Failure to comply could - [Shiba Inu Ecosystem Explodes: New Partnerships, Games, and Bullish Predictions](https://news.shib.io/2024/10/14/shiba-inu-ecosystem-explodes-new-partnerships-games-and-bullish-predictions/): The Shiba Inu ecosystem is experiencing a surge in activity, captivating audiences beyond the typical crypto crowd. From fast-food packaging to high-profile collaborations and key technical developments, SHIB is making its presence felt across diverse sectors, solidifying its position as a prominent player not only in the meme coin arena but also in the broader cryptocurrency industry. This week, Shiba Inu’s playful image adorned the packaging of McDonald’s Japan’s triangular chocolate pie. While not a formal partnership, the “black shiba” and “sweet potato shiba” designs introduced SHIB to a massive consumer base, leveraging McDonald’s iconic brand recognition. Delorean Labs further - [Shiba Inu Could See Triple-Digit Price Explosion: Crypto Analyst](https://news.shib.io/2024/10/14/shiba-inu-could-see-triple-digit-price-explosion-analyst-predicts/): Shiba Inu is once again at the center of crypto speculation, with a new price prediction suggesting the meme coin could see a triple-digit percentage increase. The dog-themed altcoin Shiba Inu ($SHIB) found itself again in the spotlight, as a bold prediction from crypto analyst Javon Marks (@JavomTM1 on X) ignited speculation of a potential price surge. Marks forcasted a potential triple-digit percentage increase, specifically around 342%, sending ripples of excitement through the SHIB community.  Shiba Inu Technical Pattern The crypto analyst’s analysis, shared on social media, centered on a technical pattern known as a “Falling Wedge.” This pattern, often - [He Bought 7 Bitcoin for $800. Now He's Telling His Story](https://news.shib.io/2024/10/14/bitcoin-purchased-for-800-now-worth-millions/): Toby Cunningham unearthed a years-old record of a Bitcoin transaction. The date: April 25, 2013. The time: 9:59 AM. The purchase: 7 Bitcoin for $771.75. A relic from the crypto Wild West, a time of zero KYC and unimaginable potential. Now, he’s sharing this snapshot of his past, a testament to a gamble that paid off exponentially. In the spring of 2013, Bitcoin was still a relatively obscure digital currency, a niche interest for tech enthusiasts and early adopters. Cunningham, a self-described veteran of three bull markets and two bear markets, was among those drawn to its potential. Living a - [The Weekly Meme Digest](https://news.shib.io/2024/10/13/the-weekly-meme-digest-20/): Welcome Back to The Shib Daily’s Weekly Meme Digest: Where the Memes are Hotter Than a DeFi Yield Farm 🔥🔥🔥 You know the drill, folks: no boring news here. This is the Weekly Meme Digest, where we deliver the crypto stories that matter, unadulterated and unassuming. 🐶 Think of us as your trusty Shiba Inu guide through the wild, wacky world of blockchain, web3, and future tech. This week’s edition is packed with the kind of stories that’ll make you say, “Wait, what?!” From a tale of a financial institution’s unexpected involvement in a certain shady practice… to a continent - [TD Bank Caught Red-Handed... Laundering Money, But I thought Its Crypto?](https://news.shib.io/2024/10/13/td-bank-caught-red-handed-laundering-money-but-i-thought-its-crypto/): Just when you thought the crypto world was the only place for shady financial dealings, along comes TD Bank, a pillar of traditional banking, to prove us all wrong. In a shocking twist of events, the 10th-largest bank in the US has been caught red-handed laundering millions of dollars for drug cartels. Yes, you read that right. A bank. Laundering money. Who would have thought? 🤨 TD Bank has been hit with a historic $3.1 billion fine for failing to stop money laundering. But wait—wasn’t crypto supposed to be the bad guy here? 🚨 Turns out, it’s not your favorite - [Uncle Sam's Crypto Piggy Bank: $31.92 Billion and Counting!](https://news.shib.io/2024/10/13/uncle-sams-crypto-piggy-bank-31-92-billion-and-counting/): Wen Lambo? More like wen jail? 😂 U.S. regulators have been busier than a Bitcoin miner during a bull run, raking in a cool $31.92 BILLION in settlements from crypto companies since 2019. That’s enough to buy a small country…or maybe just a really nice yacht for every SEC employee. 🛥️ Regulators’ Black Friday Crypto Haul: $19 Billion in 2024 Alone! Let’s break it down: In 2024 alone, U.S. regulators collected over $19 billion in settlements. A quick calculation shows that’s two-thirds of all crypto settlements to date, meaning this year might just be the crypto world’s biggest Black Friday - [Gensler’s Crypto Comedy: SEC Chair Puts the Chill on Digital Currency Dreams](https://news.shib.io/2024/10/13/genslers-crypto-comedy-sec-chair-puts-the-chill-on-digital-currency-dreams/): Howdy howdy, you beautiful folks! 🫂What’s up? As usual, we have been busy at the news desk trying to fetch you the latest from the crypto space. Hmm, besides being serious, we didn’t forget to lighten you up! And that’s why we present Gensler for you!!😄 In a delightful twist to the crypto saga, SEC Chair Gary Gensler recently donned his philosopher’s cap at NYU and threw a bucket of cold water on the cryptocurrency industry’s dreams of becoming the next global currency superstar.😄 Speaking like a modern-day Socrates, he voiced doubts about whether Bitcoin could ever step up as - [In-Person Crypto Deal Ends in Murder at Jeju Hotel](https://news.shib.io/2025/03/03/in-person-crypto-deal-ends-in-murder-at-jeju-hotel/): An in-person crypto exchange in a Jeju City hotel has become a crime scene, leaving one Chinese investor dead and four suspects arrested in a brutal murder case. The murder, which happened February 24, highlights the inherent risks of unregulated, face-to-face cryptocurrency transactions. The victim, a Chinese man in his 30s, was found dead in his luxury hotel room, having suffered multiple stab wounds. According to South Korean news agency The Chosun Daily, the victim had traveled to the hotel specifically to complete a cryptocurrency deal. He was reportedly robbed of 85 million won (approximately $63,000) in cash during the - [Shiba Inu Bulls Eye Upside, Analysts Optimistic on Potential Breakout](https://news.shib.io/2025/03/03/shiba-inu-bulls-eye-upside-analysts-optimistic-on-potential-breakout/): Shiba Inu ($SHIB) bulls are targeting significant gains, with analysts highlighting the potential for a major breakout if the meme coin can maintain a critical support level. The current optimism surrounding Shiba Inu is largely based on recent technical analysis, which identifies key price levels that could determine the meme coin’s near-term trajectory. One analyst, BlueCrypto, has been closely monitoring SHIB’s price action, sharing a chart that visually highlights these crucial levels on the SHIB/USD daily chart. Shiba Inu Price Analysis: BlueCrypto Identifies Key Support and Resistance According to BlueCrypto, SHIB has successfully held local support at $0.00001345. The accompanying - [Trump's US Crypto Reserve Bombshell Sparks Mixed Reactions](https://news.shib.io/2025/03/03/trumps-bombshell-sparks-mixed-reaction-to-us-crypto-reserve/): U.S. President Donald Trump’s proposal for a U.S. Crypto Reserve, including Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies, has sparked immediate debate within the industry, pitting Bitcoin maximalists against proponents of a multi-coin approach. Revealed on Truth Social and slated for further discussion at Friday’s White House Crypto Summit, Trump’s plan, led by AI and Crypto Czar David Sacks, is rooted in Executive Order 14178 (signed January 23, 2025). The order, revoking the previous EO 14067, aims to make the U.S. the “Crypto Capital of the World.” The central point of contention is the reserve’s potential inclusion of altcoins alongside - [India Crypto Scam: Police Arrest Three in $2.4M Fraud, Mastermind Still at Large](https://news.shib.io/2025/03/03/india-crypto-scam-police-arrest-three-in-2-4m-fraud-mastermind-still-at-large/): Assam Police have arrested three people linked to a cryptocurrency scam involving the fraudulent RSN Crypto Currency Token, authorities said Sunday. The India crypto scam operation, carried out March 1 in the Fakirganj Police Station area, was led by officers from the South Salmara-Mankachar district. The arrested suspects — Asadul Islam, 25, Hashanur Zaman, 28, and Kobad Ali Mollah, 28 — allegedly convinced thousands of investors to put money into an online gaming and investment scheme, promising a 2% return per deposit. Investigators say the operation was a fraud, with victims losing large amounts of money. India Crypto Scam Mastermind - [U.S. Crypto Reserve Plan to Be Unveiled at Friday’s Summit](https://news.shib.io/2025/03/02/crypto-reserve-plan-details-at-the-summit-czar-confirms/): A detailed plan for a U.S. Crypto Reserve, a key initiative of President Donald Trump, is set for unveiling at the upcoming Crypto Summit, White House AI and Crypto Czar David Sacks confirms. Sacks’ confirmation, delivered via a post on X on Sunday, followed a series of pronouncements from President Trump on his Truth Social platform. The U.S. Strategic Crypto Reserve is slated to include Bitcoin, Ethereum, and other significant cryptocurrencies. “President Trump has announced a U.S. Strategic Crypto Reserve consisting of Bitcoin and other top cryptocurrencies,” Sacks wrote. The initiative aligns with Executive Order 14178, signed during Trump’s first - ['TRUMP' Trademark Filing Hints at Metaverse, NFT Plans](https://news.shib.io/2025/02/28/trump-trademark-filing-hints-at-metaverse-nft-plans/): The Trump Organization may be entering the world of NFTs and the metaverse, as a recent trademark filing for the ‘TRUMP’ name suggests a move into digital asset trading and virtual environments. A trademark application filed with the United States Patent and Trademark Office on February 24, 2025, by DTTM Operations LLC, reveals the intent to use the ‘TRUMP’ brand within a new digital ecosystem. The filing, serial number 99053725, specifically targets the potential creation of a metaverse presence and an NFT trading platform. Proposed ‘TRUMP’ NFT Trading Platform The application outlines potential plans for a platform where users could - [$OSCAR Bridges to Shibarium, Enhancing DeFi and Micro-Donations ](https://news.shib.io/2025/02/28/oscar-bridges-to-shibarium-enhancing-defi-and-micro-donations/): Oscar Token ($OSCAR), a community-driven cryptocurrency inspired by the Shiba Inu meme, has officially bridged to Shibarium, the layer-2 scaling solution for the Shiba Inu ecosystem. This new integration brings DeFi opportunities and a micro-donation platform to Shibarium, marking a significant step toward bridging charitable initiatives with decentralized finance. A Historic Chapter for Oscar Token and Shibarium $OSCAR’s move to Shibarium, finalized this week, allows it to take full advantage of the network’s low transaction fees and fast processing times, benefits that are set to improve both user experience and token functionality. For Shiba Inu’s ecosystem, the arrival of $OSCAR - [From Web2 to Web3: How NFTs Are Leading the the Transition](https://news.shib.io/2025/02/28/how-nfts-are-leading-the-charge-in-the-transition-from-web2-to-web3/): The internet is entering a new era — one where users have real ownership and control over their digital assets as we transition from Web2 to Web3. Right now, most of what we do online happens in Web2, a space dominated by big platforms like Google, Facebook, and Amazon. These companies control the data, the content, and most of the profits. Users can create, share, and engage with content, but they don’t truly own anything — not their social media posts, not their in-game purchases, and certainly not their digital identities. If a platform decides to remove content or shut - [SEC Drops Lawsuit Against Coinbase, Issues Joint Stipulation Agreement](https://news.shib.io/2025/02/28/sec-drops-lawsuit-against-coinbase-issues-joint-stipulation-agreement/): The U.S. Securities and Exchange Commission (SEC) has dismissed its lawsuit against Coinbase Inc. and Coinbase Global Inc. This move marks another instance of the agency withdrawing legal action against crypto exchanges. In a February 27 press release, the SEC and Coinbase announced a joint stipulation to formally end their legal dispute, bringing an end to a prolonged battle between the regulator and the crypto exchange. The SEC formally agreed to drop all legal proceedings against Coinbase and Coinbase Global “with prejudice,” ensuring that the claims cannot be refiled in the future. This decision includes the withdrawal of its original - [UK Introduces Crime and Policing Bill to Strengthen Crypto Seizure Powers](https://news.shib.io/2025/02/28/uk-introduces-crime-and-policing-bill-to-strengthen-crypto-seizure-powers/): The UK government has introduced the Crime and Policing Bill, a legislative proposal aimed at expanding law enforcement’s authority to confiscate illicit assets, including cryptocurrencies linked to criminal activity. The bill seeks to strengthen financial crime enforcement amid the growing use of digital assets in illegal transactions. Currently in its second reading in the House of Commons, the proposed legislation would expand the Crown Court’s authority over confiscation orders if enacted. The Crime and Policing Bill also establishes guidelines for valuing and handling crypto property that cannot be sold, ensuring a structured approach to digital asset forfeiture. “This bill will - [Crypto Loss Risks: Vitalik Buterin Urges Better Wallet Security](https://news.shib.io/2025/02/28/vitalik-buterin-calls-for-improved-wallets-to-reduce-crypto-loss-risks/): Ethereum co-founder Vitalik Buterin has emphasized that crypto loss extends beyond theft, with many holders losing significant funds due to technical failures or physical mishaps. In a recent post on X, Buterin said that discussions around crypto security often focus on theft, while accidental loss due to negligence, forgotten passwords, or software failures is frequently overlooked. He argued that the crypto industry must develop “robust wallet security solutions” that address not only hacking risks but also safeguards against the permanent loss of digital assets. “Because there’s no attacker to go after, victims don’t have a strong need to talk about - [SEC Declares Meme Coins Not Securities but Cautions on Fraud Risks](https://news.shib.io/2025/02/28/sec-declares-meme-coins-not-securities-but-cautions-on-fraud-risks/): The U.S. Securities and Exchange Commission (SEC) has clarified that meme coins are not classified as securities and do not require registration under federal securities laws. However, the agency warned that fraudulent or deceptive token offerings could still face legal action from other regulatory bodies. In a statement released on February 27, the regulator compared meme coins to collectibles, emphasizing that their sale does not constitute a securities offering. Therefore, these do not require regulatory registration. The SEC clarified that meme coins do not align with any traditional financial instruments outlined in the legal definition of a security, such as - [The Shib News Recap: Thursday](https://news.shib.io/2025/02/27/the-shib-news-recap-thursday-7/): The Shib Daily’s top headlines this Thursday are highlighted by Shiba Inu (SHIB) experiencing a burn rate increase exceeding 1,300%, DOJ’s probe into President Milei, Bank of America’s announcement regarding a new stablecoin, and a hacking incident involving Pump.fun’s X account. SHIB Burn Rate Surges to Over 1,300% The Shiba Inu ecosystem saw an impressive increase in token burns, incinerating nearly 31 million SHIB in just 24 hours. This growth raised the daily burn rate over 1,300%. In total, 30,156,987 SHIB were burned yesterday, surpassing the 142,062,714 SHIB removed over the past week. Community projects like Shib Torch also helped, - [Bitcoin Uncertain Future: Bull Run or Risky Downturn Ahead?](https://news.shib.io/2025/02/27/bitcoin-bull-run-crossroads-or-consolidation/): The current market position of Bitcoin sits precariously at the “bull-bear boundary,” according to recent on-chain analysis, prompting a critical debate: is the leading cryptocurrency heading into an extended bull run, a period of consolidation, or a potential downtrend? The answer, experts say, hinges on demand dynamics over the coming weeks. Bitcoin Bullish Uncertainty The cryptocurrency market is currently fixated on the next move of Bitcoin, the world’s first-ever and largest crypto asset by market capitalization. After a period of significant price appreciation, on-chain indicators – metrics derived directly from the Bitcoin blockchain – are flashing mixed signals, creating uncertainty - [MEME Act Targets Politicos' Crypto Shilling: Will It Pass?](https://news.shib.io/2025/02/27/meme-act-targets-politicos-crypto-shilling-will-it-pass/): Sparked by concerns over potential conflicts of interest and market manipulation, a bill, MEME Act, set to be introduced in Congress on Thursday seeks to ban U.S. officials and their families from promoting meme coins. However, the legislation’s path to passage remains highly questionable, given the current partisan divisions. The MEME Act The proposed legislation, dubbed the Modern Emoluments and Malfeasance Enforcement (MEME) Act, is being spearheaded by Representative Sam Liccardo, a freshman Democrat from California. Liccardo, a former federal and local prosecutor, argues that the promotion of highly speculative assets like meme coins by public officials creates an unacceptable - [Millions of SHIB Gone, Shiba Inu Burn Rate Skyrockets ](https://news.shib.io/2025/02/27/millions-of-shib-gone-shiba-inu-burn-rate-skyrockets/): The Shiba Inu ecosystem, in a stunning surge, incinerated nearly 31 million SHIB tokens in just 24 hours yesterday, sending the daily burn rate skyrocketing over 1,300% and intensifying the debate over the meme coin’s future. The sudden spike in burned $SHIB intentionally sent to a burn address — occurred Wednesday, dramatically outpacing the burn rate observed over the previous week. Data reveals that 30,156,987 SHIB were burned in the past 24 hours, while the past seven days saw 142,062,714 SHIB removed. Shiba Inu Burn Mechanics and Market Impact The process of burning tokens, a deflationary mechanism, reduces the overall - [SEC Ends Investigation Into Gemini, Winklevoss Insists on Penalties](https://news.shib.io/2025/02/27/sec-ends-investigation-into-gemini-winklevoss-insists-on-penalties/): The U.S. Securities and Exchange Commission (SEC) has closed its investigation into Gemini, marking another firm that has avoided regulatory action — for now. On February 26, Gemini co-founder and president Cameron Winklevoss shared an official notice from the SEC on X, confirming that the agency had ended its investigation into the crypto exchange and would not pursue enforcement action against the company. The SEC initiated a probe into Gemini due to concerns that its “Earn” program, which was launched in partnership with Genesis Global Capital, involved the unregistered offer and sale of securities.  The program allowed Gemini users to - [Blockchain and Intellectual Property: How It Protects Artists, Musicians, and Innovators](https://news.shib.io/2025/02/27/blockchain-and-intellectual-property-how-it-protects-artists-musicians-and-innovators/): Ever had someone steal your idea and take all the credit? Yeah, not fun. Blockchain and intellectual property are key to protecting artists, musicians, and innovators from getting ripped off. Intellectual Property (IP) serves as the legal shield for original creations — whether it’s a hit song, a groundbreaking invention, or a stunning piece of digital art. Without it, anyone could copy, steal, or profit from someone else’s hard work with zero consequences. But here’s the problem: in today’s digital world, piracy runs rampant, plagiarism is just a copy-paste away, and unpaid royalties leave creators empty-handed. With content being shared - [DOJ to Investigate President Javier Milei Over LIBRA Token Fraud Ties](https://news.shib.io/2025/02/27/doj-to-investigate-president-javier-milei-over-libra-token-fraud-ties/): The U.S. Department of Justice (DOJ) has reportedly begun efforts to investigate President Javier Milei over his promotion of the LIBRA token, along with the alleged involvement of the project’s founders and two Argentine entrepreneurs. The inquiry seeks to determine their roles in the scheme and assess potential fraudulent activity. According to sources cited by Argentine newspaper La Nación, the DOJ initiated its investigation one week after the collapse of the LIBRA memecoin. Reports indicate that the probe is still in its early stages, with authorities beginning to gather preliminary information. The Fraud Section of the DOJ’s Criminal Division, which - [Pump.fun X Account Hacked, Promoted Fake 'PUMP' Token](https://news.shib.io/2025/02/27/pump-fun-x-account-hacked-promoted-fake-pump-token/): The official X account of Pump.fun, the Solana-based token launch platform, has been compromised, with hackers using it to promote a fraudulent governance token called “PUMP.” This breach marks the latest in a series of cybersecurity threats targeting the crypto industry, raising concerns over social media security and investor protection. In a February 26 X post, Alon Cohen, co-founder of Pump.fun, confirmed that the platform’s official X account has been threatened. Cohen further urged users to refrain from engaging with it.  Blockchain investigator ZachXBT also cautioned users to avoid the page and refrain from clicking on any links it shared. - [Bank of America Stablecoin Set to Launch Amid Looming US Crypto Regulations](https://news.shib.io/2025/02/27/bank-of-america-stablecoin-set-to-launch-amid-looming-us-crypto-regulations/): Bank of America (BofA) CEO Brian Moynihan has revealed that the banking giant is ready to introduce its own stablecoin once the U.S. establishes a clear regulatory framework for digital assets. Speaking at The Economic Club of Washington, D.C. on Tuesday, Moynihan stated in an interview with businessman and philanthropist David Rubenstein that the launch of a “Bank of America Coin” is only a matter of time, contingent on the passage of pending legislation. “It’s pretty clear that there’s going to be a stablecoin, which is going to be fully dollar-backed,” said Moynihan, referencing the ongoing legislative discussions on Capitol - [Secure Decentralized Identities](https://news.shib.io/2025/02/26/secure-decentralized-identities/): Read the latest edition of The Shib Magazine here. - [Fake GitHub Projects Fuel Crypto Thefts: Kaspersky](https://news.shib.io/2025/02/26/fake-github-projects-fuel-crypto-thefts-kaspersky/): Cryptocurrency wallets are being drained through a network of fake GitHub projects, Kaspersky reports, as a sophisticated malware campaign targets developers with deceptively legitimate-looking code. The malware campaign, dubbed “GitVenom” by the cybersecurity firm Kaspersky, involved the creation of over 200 fraudulent repositories on GitHub, a popular platform for sharing and collaborating on code. These repositories, masquerading as helpful tools for developers, contained malicious code designed to steal cryptocurrency and sensitive information.  The fake projects spanned a range of purported functionalities, including Telegram bots for managing Bitcoin wallets, Instagram automation tools, and even utilities for the video game Valorant. While - [How to Buy Crypto: A Beginner's Guide to Your First Crypto Purchase](https://news.shib.io/2025/02/26/how-to-buy-crypto-a-beginners-guide-to-your-first-crypto-purchase/): Cryptocurrency is no longer just a buzzword — it’s becoming a mainstream financial tool. Learning how to buy crypto is essential as digital currencies like Bitcoin and Ethereum are increasingly used for investing, online purchases, and even sending money across borders with lower fees. Major companies, financial institutions, and even governments are exploring crypto’s potential, fueling its rapid adoption worldwide. Despite its growing popularity, buying cryptocurrency for the first time can feel overwhelming. The process involves choosing a platform, setting up a wallet, and understanding market volatility — all of which may seem complex to beginners. However, the reality is - [Bybit Hack: Investigators Track 11K Wallets Linked to Lazarus Group](https://news.shib.io/2025/02/26/bybit-hack-investigators-track-11k-wallets-linked-to-lazarus-group/): Blockchain analytics firm Elliptic has published a publicly accessible data feed identifying wallet addresses linked to the North Korean hacking group Lazarus, which is suspected of orchestrating the $1.4 billion Bybit hack. In an effort to recover the stolen funds, Bybit, a crypto exchange, has launched a blacklist wallet application programming interface (API) and a bounty program to incentivize tracking the missing assets. Simultaneously, Elliptic released its public data feed with the aim of reducing exposure to sanctioned wallets and preventing the laundering of illicit funds within the crypto community. According to the analytics firm, wallet addresses linked to the - [Sam Bankman-Fried Breaks Silence on X as FTT Surges, Then Falls](https://news.shib.io/2025/02/26/sam-bankman-fried-breaks-silence-on-x-as-ftt-surges-then-falls/): Sam Bankman-Fried, the former CEO of the now-defunct cryptocurrency exchange FTX, has resurfaced on social media, breaking his silence with a post on X — the first since his sentencing. In a February 25 thread on X, he expressed sympathy and solidarity for government employees. “I, too, have not checked my email for the past few (hundred) days,” he wrote. “And I can confirm that being unemployed is a lot less relaxing than it looks.” Sam Bankman-Fried then went on to describe job terminations as one of the most challenging responsibilities, emphasizing that the process is difficult for all parties - [New Dubai Crypto Rules Target Whales and Crack Down on Market Manipulation](https://news.shib.io/2025/02/26/new-dubai-crypto-rules-target-whales-and-crack-down-on-market-manipulation/): Dubai’s Virtual Assets Regulatory Authority (VARA) has announced plans to introduce new regulations that will require crypto businesses to disclose the identities of major token holders, commonly referred to as crypto whales. In an interview with The Standard, Matthew White, CEO of VARA, revealed plans for new Dubai crypto rules that aim to enhance consumer protection as Dubai positions itself as a leading global hub for the growing cryptocurrency sector. The new regulations will require virtual asset service providers to submit detailed reports on ownership structures, aiming to improve market transparency and mitigate the risk of manipulation. According to White, - [Bybit Bounty: CEO Ben Zhou Targets Lazarus for $1.4B Crypto Heist](https://news.shib.io/2025/02/26/bybit-bounty-ceo-ben-zhou-targets-lazarus-for-1-4b-crypto-heist/): Bybit CEO and co-founder Ben Zhou has launched a global bounty program, enlisting the crypto community to help track and recover funds allegedly stolen by the North Korea-linked Lazarus Group. The initiative, supported by a dedicated bounty tracking platform, aims to incentivize users worldwide to assist in intercepting the stolen assets. In a post on X, Zhou unveiled a new online platform and urged the crypto community to join the effort, calling for a “war against Lazarus.” The CEO announced that individuals who successfully freeze illegally transferred funds could earn a 5% reward in cryptocurrency. However, according to the bounty - [Michael Saylor Meets SEC Crypto Task Force to Push for Clear Digital Asset Regulations](https://news.shib.io/2025/02/25/michael-saylor-meets-sec-crypto-task-force-to-push-for-clear-digital-asset-regulations/): Michael Saylor, the founder and chairman of business intelligence company MicroStrategy, has met with the U.S. Securities and Exchange Commission’s newly formed Crypto Task Force to explore regulatory reforms aimed at formalizing digital assets and shaping the future of the crypto market. On February 21, Saylor and SEC officials met to explore regulatory approaches for digital assets. A SEC memorandum reveals that the discussion centered on approaches to addressing issues related to regulation. Under the leadership of Acting Chair Mark Uyeda, the SEC’s task force aims to address the longstanding concerns and demands of the digital assets industry. Both parties - [Digital Ruble Rollout: Russia Introduces Fraud Protection](https://news.shib.io/2025/02/25/digital-ruble-rollout-russia-introduces-fraud-protection/): With the digital ruble on the horizon, Russia’s Central Bank has unveiled a new CBDC anti-fraud system designed to shield citizens and businesses from scams. Local news outlet TASS reported that the measures took effect on February 23, in light of a Central Bank decree issued late last year. Sergei Gavrilov, a member of the Bank of Russia’s National Financial Council, explained that the new measures are designed to secure digital ruble transactions. Under the system, if a financial institution detects signs of fraud, it can pause a CBDC transfer for two days to conduct further verification. “If the bank - [Gen Z and Crypto: Leading the Charge in Digital Money Revolution](https://news.shib.io/2025/02/25/gen-z-and-crypto-leading-the-charge-in-digital-money-revolution/): From digital coins to blockchain booms, cryptocurrencies are reshaping our financial world faster than ever — and Gen Z is leading this revolution. Born into a digital era, this tech-savvy generation isn’t waiting for traditional banks to catch up; instead, they’re crafting a new economy on their own terms.  Embracing the promise of decentralized finance, Gen Z is leveraging social media buzz, innovative tech, and a relentless quest for financial independence to break away from old money norms. In this article, we explore the dynamic factors fueling Gen Z’s rapid crypto adoption, the challenges they face along the way, and - [OKX Settles DOJ Charges, Faces $505M Penalty](https://news.shib.io/2025/02/25/okx-settles-doj-charges-faces-505m-penalty/): Aux Cayes FinTech Co. Ltd, the operator behind global crypto exchange OKX, has admitted to running an unlicensed money transfer service in violation of U.S. anti-money laundering laws. It reportedly agreed to pay over $500 million in fines. Following a probe by the U.S. Department of Justice, the operator resolved the charges by paying $84 million in fines and forfeiting $421 million in fees primarily earned from institutional clients.  In a company blog post, OKX explained that legacy compliance gaps had allowed some U.S. customers to trade on its global platform. However, these users made up only a tiny fraction - [Microsoft Cancels Data Leases, Fueling OpenAI Stargate Pullout Rumors](https://news.shib.io/2025/02/25/microsoft-cancels-data-leases-fueling-openai-stargate-pullout-rumors/): Financial research firm TD Cowen has released a brief report revealing that Microsoft has been canceling data center leases, suggesting the tech giant is grappling with an “oversupply” of capacity. Bloomberg reports that the firm issued its quick take on February 21. “Our channel checks indicate that [Microsoft] has 1) cancelled leases in the U.S. totalling ‘a couple of hundreds [megawatts]’ with at least two private data center operators, 2) has pulled back on the conversion of [statements of qualification] to leases, and 3) has re-allocated a considerable portion of its international spend to the U.S.,” the analysts commented.  TD - [The Shib News Recap: Monday](https://news.shib.io/2025/02/24/the-shib-news-recap-monday-4/): Today’s top stories from The Shib Daily highlight notable progress on NFT regulatory clarity, developments surrounding a recent hack, large movements of Ether (ETH) and Solana (SOL), and alarming trust breaches in the stablecoin market. SEC Investigation of OpenSea Nears Conclusion Devin Finzer, founder of OpenSea, revealed that the SEC will soon wrap up its investigation into the platform. He called this a major win for creators and collectors. This announcement followed the SEC’s dismissal of a lawsuit against Coinbase for being an unregistered securities broker. Industry leaders, including Alon and Ji Kim, praised the decision, suggesting it could lead - [Crypto Success Stories: How Everyday Investors Achieve Financial Freedom](https://news.shib.io/2025/02/24/crypto-success-stories-how-everyday-investors-achieve-financial-freedom/): Remember the legendary story of two pizzas bought for a few Bitcoins? That quirky transaction wasn’t just a foodie anecdote — it was the spark that ignited a movement. Today, everyday people are discovering that digital currencies can be a gateway to transforming their finances, turning small investments into life-changing opportunities. Whether it’s as simple as saving a little extra each month or making bold, informed decisions, crypto is rewriting the rules of personal finance for anyone willing to take the plunge. Digital currencies have come a long way since their experimental beginnings. Initially embraced by tech enthusiasts, these assets - [New Ye Crypto Token Amid Rumored X Admin Rights Sale to Barkmeta](https://news.shib.io/2025/02/24/new-ye-crypto-token-amid-rumored-x-admin-rights-sale-to-barkmeta/): Ye, formerly known as Kanye West, has hinted at launching his own cryptocurrency token amid a series of provocative public statements in which the artist repeatedly called himself a “Nazi.” In a series of now-deleted posts, Ye revealed plans to launch his own token next week — a notable departure from his earlier criticism of projects he claimed exploited fan enthusiasm with empty hype. Reports suggest that Ye’s Yeezy brand will be incorporated into a new initiative aimed at launching a dedicated digital currency for his online platform. Speculation grew that the token could debut on the Binance Smart Chain, - [Rogue Developer Suspected in Infini Neobank's $49.5M Exploit](https://news.shib.io/2025/02/24/rogue-developer-suspected-in-infini-neobanks-49-5m-exploit/): A breach of trust rocks Hong Kong-based stablecoin neobank Infini as a former developer, allegedly retaining administrative access, is suspected of stealing $49.5 million in USDC from the company. Details of the $49.5 Million Exploit The stolen USDC was reportedly converted into DAI and subsequently into Ethereum (ETH) before being moved to an external wallet. This multi-step process is a common tactic used by attackers to obfuscate the trail of stolen funds. The incident underscores the persistent security vulnerabilities that plague the decentralized finance (DeFi) space. In a statement posted on X (formerly Twitter), Infini acknowledged the security compromise, expressing - [Binance Moves Large ETH, SOL Volumes, Sparks Market Jitters](https://news.shib.io/2025/02/24/binance-moves-large-eth-sol-volumes-sparking-market-jitters/): Cryptocurrency exchange giant Binance is transferring significant volumes of Ethereum (ETH) and Solana (SOL) to market maker Wintermute and other destinations, fueling concerns about potential market impacts as both cryptocurrencies experience price declines. Large ETH and SOL Transfers  On-chain data reveals a series of transactions originating from multiple Binance hot wallets. These wallets are sending ETH to addresses associated with Symbolic Capital Partners’ CEX Bridge and Wintermute.  Credit: Arkham Intelligence The transfers, which have taken place over the past several hours, range in size from several hundred to over two thousand ETH per transaction. The cumulative value of these ETH - [SEC Ends Investigation into OpenSea, Boosting NFT Innovation](https://news.shib.io/2025/02/24/sec-ends-investigation-into-opensea-boosting-nft-innovation/): Devin Finzer, the founder of non-fungible tokens (NFT) marketplace OpenSea, has announced that the SEC will soon end its probe into the platform, a move he described as a major win for digital creators and collectors. Finzer informed his followers of the news via a post on X. “Trying to classify NFTs as securities would have been a step backward — one that misinterprets the law and slows innovation,” Finzer wrote.  The OpenSea founder emphasized that creators, regardless of their stature, should have the freedom to innovate without facing undue obstacles. The SEC’s decision to close its investigation was announced - [Canary Capital Takes First Step for HBAR ETF With S-1 Filing](https://news.shib.io/2025/02/24/canary-capital-takes-first-step-for-hbar-etf-with-s-1-filing/): Canary Capital, a digital asset investment firm, has taken a major step toward launching a new ETF by submitting an S-1 registration with the SEC. This would tie the fund to Hedera’s native utility token, HBAR. Senior Bloomberg ETF analyst Eric Balchunas and Fox Business reporter Eleanor Terret noted that the filing stirred significant interest and triggered a wave of speculation across the crypto community. The S-1 submission marks a key initial milestone in launching the HBAR ETF. Next, the firm must complete a 19b-4 filing, which will propose the regulatory changes needed to list the fund on an exchange. - [Bybit Quest to Reclaim $1.4B: Chasing Hack Funds and ETH Rollback](https://news.shib.io/2025/02/24/bybit-quest-to-reclaim-1-3b-chasing-hack-funds-and-eth-rollback/): Bybit CEO Ben Zhou has vowed to pursue every recovery option after a cyberattack linked to the Lazarus Group siphoned over $1.4 billion from the exchange. After a hacker seized an Ethereum cold wallet February 21, Zhou outlined the exchange’s response during an X Spaces session the next day. He explained that their plan involves launching a bounty program, partnering with law enforcement, and consulting with the Ethereum Foundation to find a solution. On-chain security expert ZachXBT revealed that Bybit incurred losses amounting to millions in liquid-staked Ether, Mantle Staked ETH (mETH), and other ERC-20 tokens amid the breach. He - [Beyond the Hype](https://news.shib.io/2025/02/24/beyond-the-hype/): Read the latest edition of The Shib Magazine here. - [ECB Plans Blockchain-Based Payment System for Central Bank Money Transactions](https://news.shib.io/2025/02/21/ecb-plans-blockchain-based-payment-system-for-central-bank-money-transactions/): The European Central Bank (ECB) has revealed plans to develop a blockchain-based payment system that will enable financial institutions to settle transactions using central bank money. This move has been hailed as a pivotal step toward launching a wholesale central bank digital currency (CBDC) and could catalyze the global adoption of blockchain technology. In a press release dated February 20, the ECB’s Governing Council announced an expansion of the initiative to incorporate distributed ledger technology into the settlement process for transactions conducted in central bank money. The rollout will be executed in two stages. Initially, the Eurosystem plans to develop - [SEC Cyber and Emerging Technologies Unit to Tackle Crypto Fraud](https://news.shib.io/2025/02/21/sec-cyber-and-emerging-technologies-unit-to-tackle-crypto-fraud/): The U.S. Securities and Exchange Commission (SEC) has unveiled a dedicated unit aimed at combating crypto fraud and cyber crimes, with a focus on protecting retail investors in emerging technology sectors. A recent press release announced the creation of the Cyber and Emerging Technologies Unit (CETU), led by Laura D’Allaird. The new division, which replaces the Crypto Assets and Cyber Unit, brings together around 30 fraud specialists and attorneys from multiple SEC offices to strengthen enforcement against emerging technology fraud. “Under Laura’s leadership, this new unit will complement the work of the Crypto Task Force led by Commissioner Hester Peirce. - [Buterin Endorses Argentina’s Booming Crypto Scene Amid LIBRA Fallout](https://news.shib.io/2025/02/21/buterin-endorses-argentinas-booming-crypto-scene-amid-libra-fallout/): Ethereum co-founder Vitalik Buterin has proposed that Argentina host Devconnect, a key global event for Ethereum developers. Argentine President Javier Milei responded with enthusiastic support for the idea. Buterin has long expressed admiration for Argentina’s crypto community, describing the nation’s digital landscape as a prime example of blockchain’s practical, real-world applications. “Argentina’s Ethereum community is full of amazing builders, who have already contributed some of the most important software in the Ethereum ecosystem,” he wrote in an X post.  Buterin also called the country a prime example of cryptocurrency’s practical applications. He argues that, for many users, crypto offers more - [Ukraine Denies Blocking Trump’s Truth Social, Says It Was Never Available](https://news.shib.io/2025/02/21/ukraine-denies-blocking-trumps-truth-social-says-it-was-never-available/): Following U.S. President Trump’s controversial remarks about Ukrainian President Volodymyr Zelensky, Ukrainian Ministry of Foreign Affairs spokesperson Heorhii Tykhyi dismissed reports that Trump’s social media platform, Truth Social, is banned in Ukraine. Numerous social media users claimed that they were unable to access Truth Social, encountering a message that read “currently unavailable in your area.” Many speculated that President Zelensky’s government had banned the platform. Tykhyi promptly clarified that reports of Truth Social being blocked in Ukraine were false, stating that the Ukrainian government could not block access to the platform as it had never been made available to users - [Bankman-Fried Pardon Bid Clouded by Mixed Political Donations](https://news.shib.io/2025/02/21/bankman-fried-pardon-bid-clouded-by-mixed-political-donations/): Incarcerated former CEO of the defunct cryptocurrency exchange FTX, Sam Bankman-Fried, has detailed his political donations and expressed optimism about securing a presidential pardon from Donald Trump. In an interview with The New York Sun, Bankman-Fried stated that he donated funds to the Democratic Party during the 2020 election to prevent the party from shifting toward the influence of Senator Bernie Sanders, a Democrat known for his socialist ideology. Before FTX collapsed, he reportedly contributed nearly $40 million to political candidates and PACs in 2022, aiming to shape U.S. government policies on cryptocurrency. Moreover, while he was a free man, - [Bitcoin ETF Outflows Spark Uncertainty, But Long-Term Bullishness Remains](https://news.shib.io/2025/02/20/bitcoin-etf-outflows-spark-uncertainty-but-long-term-bullishness-remains/): Recent Bitcoin ETF outflows are injecting a dose of uncertainty into the cryptocurrency market, signaling a pause in the previously strong bullish momentum as investors grapple with broader economic anxieties. Bitcoin (BTC) closed last week at approximately $96,120, a slight 0.4% decrease from the previous week. While the price remained relatively stable, underlying market sentiment has shifted.  BTC has traded within a narrow range of $94,000 to $100,000 for the past 13 trading days, exhibiting reduced volatility. This consolidation phase reflects overall market uncertainty, largely due to macroeconomic concerns and anticipation surrounding the Federal Reserve’s (FED) and other major central - [SBF $1B Asset Forfeiture: Jets, Political Gifts, Robinhood Shares](https://news.shib.io/2025/02/20/sbf-1b-asset-forfeiture-jets-political-gifts-robinhood-shares/): Court documents from the U.S. District Court for the Southern District of New York have revealed the staggering array of assets forfeited by former FTX CEO Sam Bankman-Fried (SBF), with dozens of pages detailing the extensive property he amassed.  The “Final Order of Forfeiture as to Specific Property,” issued on February 18, outlined several of Bankman-Fried’s assets, notably including $1 billion in property, two private jets, a plethora of political donations, and the largest line item: 55.2 million shares of Robinhood. Following the seizure of Bankman-Fried’s assets by the U.S. Department of Justice, the trading platform Robinhood repurchased the shares - [Baby Doge Owner Announces Jason Derulo Airdrop; ZachXBT Says 'Scam'](https://news.shib.io/2025/02/20/baby-doge-owner-announces-jason-derulo-airdrop-zachxbt-says-scam/): Abel Czupor, the owner and key figure behind the Baby Doge project, has announced a partnership with Jason Derulo for his new cryptocurrency, Jason Derulo Coin. However, blockchain analyst ZachXBT cautions that the move could be another scam. In a post on X, Czupor shared a candid photo with Derulo, praising their “wonderful meeting” and hinting that they had discussed an airdrop of $JASON coins to Baby Doge Coin holders. Following Czupor’s announcement, the crypto community responded swiftly, with blockchain analyst ZachXBT reviving the discussion of Derulo’s prior meme coin project and voicing skepticism about the new initiative. “Jason Derulo - [Coinbase Adds CFTC-Approved Solana, Hedera Futures Amid Legal Tussle](https://news.shib.io/2025/02/20/coinbase-adds-cftc-approved-solana-hedera-futures-amid-legal-tussle/): Coinbase, the leading cryptocurrency exchange, has expanded its U.S. derivatives market by launching futures contracts for Solana (SOL) and Hedera (HBAR). These contracts, regulated by the U.S. Commodity Futures Trading Commission (CFTC), mark a strategic push to integrate digital assets with traditional finance. On February 18, the company unveiled future contracts for SOL and BAR, designed to accommodate a variety of trading strategies. This expansion not only broadens Coinbase’s derivatives portfolio but also underscores the increasing mainstream acceptance of digital assets. Coinbase Derivatives has now expanded its suite to 19 futures contracts approved by the CFTC, featuring major assets like - [Galaxy Digital Denies Rumors of Murad's $20M Secret SPX Token Sale](https://news.shib.io/2025/02/20/galaxy-digital-denies-rumors-of-murads-20m-secret-spx-token-sale/): Galaxy Digital lead researcher, Alex Thorn, refuted reports linking meme coin analyst Murad Mahmudov to a sale of SPX6900 (SPX) tokens to the firm, calling the allegations baseless. According to a screenshot shared to X by a user by the name of Kook, Mahmudov executed an over-the-counter (OTC) sale of his entire SPX token portfolio to sidestep on-chain scrutiny, offloading $20 million worth of SPX tokens for $13 million, with additional claims alleging that Galaxy now controls all of his wallets — including his seed phrase. Soon after the report emerged, Thorn issued a statement dismissing the circulating images as - [The History of Bitcoin: From Cypherpunk Dreams to Global Phenomenon](https://news.shib.io/2025/02/20/the-history-of-bitcoin-from-cypherpunk-dreams-to-global-phenomenon/): Born from the radical vision of cypherpunks, Bitcoin has soared from a niche digital experiment to a global phenomenon, fundamentally redefining the landscape of finance. Understanding the history of Bitcoin provides valuable insights into how a handful of visionary thinkers harnessed cutting-edge cryptographic technology to create a decentralized, secure, and transparent financial network. This evolution spotlights a critical thesis: Bitcoin’s journey embodies the convergence of cypherpunk ideals with revolutionary tech, fundamentally reshaping the way we view and interact with money. This article explores that transformative path, from its underground beginnings to its role as a cornerstone of the global financial - [LIBRA Co-Creator Paid Argentina President's Sister for Support - Claims](https://news.shib.io/2025/02/19/libra-co-creator-paid-argentina-presidents-sister-for-support-claims/): Hayden Davis, co-creator of the LIBRA meme coin and CEO of Kelsier Ventures, has claimed that he paid Karina Milei — sister of Argentine President Javier Milei — to sway the president’s support before the token’s launch. According to CoinDesk, months before the token’s collapse, Davis sent text messages claiming he had “control” over Milei, boasting that he had bought access to the Argentine President’s trusted circle. “I control that n****,” Davis wrote. “I send $$ to his sister and he signs whatever I say and does what I want,” he added.  The report also noted that Michael Padovano, a - [How Blockchain in Supply Chains Enables Transparency and Efficiency](https://news.shib.io/2025/02/19/how-blockchain-in-supply-chains-enables-transparency-and-efficiency/): Imagine a global supply chain where every transaction is as clear as glass – blockchain is making that vision a reality. Blockchain technology is a revolutionary distributed ledger system that records transactions in an immutable, decentralized manner, reducing the need for intermediaries. It offers a secure and transparent method of recording data, which is transforming industries by enhancing trust and efficiency. Transparency and efficiency are crucial in global supply chains, where countless participants—from manufacturers to retailers — must coordinate seamlessly. Clear visibility into every step of a product’s journey not only builds trust among stakeholders but also reduces risks like - [Meteora Co-Founder Ben Chow Resigns Amid Meme Coin Scheme Allegations](https://news.shib.io/2025/02/19/meteora-co-founder-ben-chow-resigns-amid-meme-coin-scheme-allegations/): Ben Chow, co-founder of the Solana-based exchange Meteora, has resigned amid allegations that he secretly managed or received LIBRA tokens. In a post on X, Meow, the pseudonymous co-founder of Meteora and the decentralized finance platform Jupiter, disclosed Chow’s resignation. In the post, Meow emphasized their confidence that no staff at Jupiter or Meteora engaged in insider trading, financial misconduct, or received tokens inappropriately. They also announced that the independent law firm Fenwick & West has been retained to conduct an investigation, with its report scheduled for public release at a later date. Meow further clarified that Meteora had been - [DefiTuna Severs Ties with Kelsier Over $200M Meme Coin Scheme](https://news.shib.io/2025/02/19/defituna-severs-ties-with-kelsier-over-200m-meme-coin-scheme/): Moty Povolotski, founder of the decentralized finance project DefiTuna, has announced that the platform refunded a $30,000 investment and severed ties with investor Kelsier following revelations of his role in market manipulation. In an X thread, Povolotski explained that the decision came after disturbing reports of Kelsier’s involvement in market manipulation tied to $LIBRA, $MELANIA, and the M3M3 meme coin launchpad. He alleged that Kelsier Ventures, together with Meteora and M3M3, orchestrated coordinated meme coin launches on the Solana blockchain, reportedly extracting $200 million in profits at the expense of unsuspecting investors. “I have personally gone the extra mile by - [BitBoy Returns Online After Psych Ward Ordeal Amid Controversy](https://news.shib.io/2025/02/19/bitboy-returns-online-after-psych-ward-ordeal-amid-controversy/): Crypto influencer Ben Armstrong, known as BitBoy, has reappeared after his absence, confirming he had exited a psychiatric facility and hinting at a detailed account of his experience soon. On February 18, Armstrong posted a photo on X showing a black eye and explained that a psych ward had “locked him in” and that he was attacked in his sleep, accounting for the injury. “Made it out early anyway. Some people break. Some don’t,” Armstrong wrote.  Early last week, The Shib Daily reported on Armstrong’s disappearance. The following day, the crypto influencer returned online, stating in a separate X post - [Crypto Whistleblower Hu Lezhi Sends $2M ETH to WikiLeaks on Nano-Chip Claim](https://news.shib.io/2025/02/18/crypto-whistleblower-hu-lezhi-sends-2m-eth-to-wikileaks-on-nano-chip-claim/): A pseudonymous programmer known as Hu Lezhi has sent 711.5 Ether, valued at approximately $2 million, to WikiLeaks, along with an unusual on-chain message alleging that the Chinese military is using nano computer chips to control citizens. “Brain-computer chips have been deployed militarily on a large scale. All military powers are using base stations, radios and nano-brain-computer chips to control all citizens,” Lezhi alleged in a translated on-chain message on February 17 to the nonprofit media platform known for publishing leaked documents. Lezhi’s on-chain messages alleged that Kuande Investment — also known as WizardQuant — has been using brain-computer weapons - [Elon Musk's DOGE Targets SEC: Risking Crypto-Friendly Policies](https://news.shib.io/2025/02/18/elon-musks-doge-targets-sec-risking-crypto-friendly-policies/): Elon Musk’s Department of Government Efficiency (DOGE) has ignited discussions over a potential investigation into the United States Securities and Exchange Commission (SEC) amid sweeping federal government layoffs. On X, the DOGE_SEC account called on the public to share any details regarding the actions of the SEC. “Please DM this account with insights on finding and fixing waste, fraud and abuse relating to the Securities and Exchange Commission,” the account wrote.  This development has led many to speculate that Musk’s department may be planning significant reductions at the SEC. While his push to streamline federal operations has drawn criticism and - [Proposed Russia Crypto Mining Power Plants to Isolate Energy from Grids](https://news.shib.io/2025/02/18/proposed-russia-crypto-mining-power-plants-to-isolate-energy-from-grids/): Aisen Nikolaev, the chief of the State Council Commission on Energy and head of Republic of the Sakha, has proposed building dedicated Russia crypto mining power plants to isolate their heavy energy use from public grids. Russian state news agency TASS reported that the Council’s energy team serves as an advisor to the President’s offices on energy policy matters.  “The State Council Commission on Energy is constantly in dialogue with the Ministry of Energy on this issue. If any region can launch a separate power plant specifically for mining without access to public networks, then such a project could well - [Scammers Pose as the Prince to Launch Fake Saudi Crypto Coin](https://news.shib.io/2025/02/18/scammers-pose-as-the-prince-to-launch-fake-saudi-crypto-coin/): Scammers have launched a counterfeit Saudi crypto coin dubbed the “Official Saudi Arabia meme coin (KSA)” by masquerading as Crown Prince Mohammed bin Salman, capitalizing on the surge in celebrity-endorsed meme coins. On February 17, a now-deleted post from an X account impersonating the crown prince featured the counterfeit Saudi crypto coin. The absence of any official endorsement or verified details on its design and real-world application quickly raised red flags. Soon after the bogus token was unveiled, representatives from the Saudi Law Conference — the verified owners of the affected X account — announced that their account had been - [How Smart Contracts Can Automate Your Path to Financial Freedom](https://news.shib.io/2025/02/18/how-smart-contracts-can-automate-your-path-to-financial-freedom/): Financial freedom is achieved when one attains both financial stability and independence, empowering individuals to make decisions free from monetary constraints. It forms the cornerstone for a life where personal ambitions are realized, unforeseen challenges are managed with resilience, and long-term security is established. In parallel, smart contracts have emerged as a groundbreaking innovation that leverages blockchain technology to automatically execute and enforce contractual terms without reliance on intermediaries.  By streamlining transactions, enhancing transparency, and reducing inefficiencies, these self-executing agreements hold the potential to transform and revolutionize traditional financial systems and accelerate the journey toward financial empowerment. In doing so, - [PlanB Moves Entire BTC to ETFs for Safer Management](https://news.shib.io/2025/02/17/planb-moves-entire-btc-to-etfs-for-safer-management/): Popular Bitcoin analyst PlanB has announced a significant shift in his investment strategy, transferring his self-custodied Bitcoin holdings into spot Bitcoin exchange-traded funds (ETFs) to manage his digital assets like traditional investments. In a February 15 post on X, the Bitcoin analyst detailed his decision to shift his Bitcoin portfolio into spot Bitcoin ETFs. He noted that this change lets him manage his digital assets much like traditional financial assets — comparable to stocks and bonds — while also sparing him the hassle of handling private keys, ultimately giving him greater peace of mind. “I guess I’m not a maxi - [SEC Seeks 28-Day Delay to Review Coinbase Appeal in Crypto Lawsuit](https://news.shib.io/2025/02/17/sec-seeks-28-day-delay-to-review-coinbase-appeal-in-crypto-lawsuit/): The U.S. Securities and Exchange Commission (SEC) has sought an extra 28 days to evaluate the Coinbase appeal, further delaying a resolution in their protracted legal dispute. In a February 14 filing, the SEC noted that the initiatives of its newly established task force might influence and potentially facilitate the resolution of the ongoing district court case as well as any subsequent appellate review. The SEC’s request for an extension comes in response to Coinbase’s petition to appeal. If approved, the new deadline will be pushed to March 14, 2025. In its submission to the U.S. Court of Appeals for - [Tether Engages US Lawmakers on Stablecoin Regulation Overhaul](https://news.shib.io/2025/02/17/tether-engages-us-lawmakers-on-stablecoin-regulation-overhaul/): Tether, the leading stablecoin issuer, is reportedly in talks to collaborate with U.S. Congressional lawmakers to craft comprehensive stablecoin regulations at the federal level. Fox Business’s Eleanor Terrett reports that Tether has engaged in discussions with Representative Bryan Steil, chairman of the House Financial Committee’s Subcommittee on Digital Assets, and Representative French Hill regarding the STABLE Act. Both lawmakers introduced the act on February 6, and their talks with Tether mark a significant step in shaping the conversation around stablecoin oversight. The STABLE Act is a legislative proposal designed to regulate stablecoin issuers operating in the U.S. It would require - [Argentina President Javier Milei Faces Fraud Charges Over LIBRA Scam](https://news.shib.io/2025/02/17/argentina-president-javier-milei-faces-fraud-charges-over-libra-scam/): Argentine President Javier Milei is facing criminal fraud charges and mounting impeachment calls after endorsing the $LIBRA token. The token briefly surged to a $4.5 billion valuation before crashing, development experts describe as a massive insider scam. On February 14, Milei took to X to share the Solana-native Libra (LIBRA) token. In his now-deleted post, the president shared a website and contract address, promoting it as a “private project” dedicated to “encouraging the growth of the Argentine economy.” Saturday saw opposition legal experts weighing the option of initiating impeachment proceedings against the President. Prominent critics, including lawmaker Leandro Santoro, denounced - [BitConnect Scam: Indian Authorities Seize Millions in Crypto](https://news.shib.io/2025/02/17/bitconnect-scam-indian-authorities-seize-millions-in-crypto/): The Enforcement Directorate (ED) in Ahmedabad has confiscated approximately $190 million in cryptocurrency (Rs 1,646 crore) linked to the infamous BitConnect Ponzi scheme. Under the Prevention of Money Laundering Act (PMLA), Indian authorities confiscated these assets as part of its probe into the cryptocurrency platform. It had been accused of misleading numerous depositors by falsely presenting its operations as securities investments, according to local news outlet The Indian Express. During raids on February 11 and 15, Indian officials also confiscated more than $15,000 in cash, an SUV, and various electronic devices. Authorities reported that the confiscated assets were linked to - [Shiba Eternity Gets a Blockchain Boost with Smart Contract Update](https://news.shib.io/2025/02/17/shiba-eternity-gets-a-blockchain-boost-with-smart-contract-update/): The digital card collection of Shiba Eternity gets a blockchain boost, as a new smart contract untangles token IDs for more accurate tracking and smoother trading of NFTs. The upgrade addresses key limitations previously encountered during the game’s Web3 Open Beta, offering clearer distinctions between card types. The update comes in the form of a new NFT smart contract, “Shiba Eternity Official Card Collection v2,” streamlining how players track and trade assets. Untangling Token IDs: Shiba Eternity Separates Foil from Standard The core of the update involves separating foil cards from their standard versions by assigning unique token IDs. Previously, - [SEC Reviews Approving Grayscale Crypto ETFs](https://news.shib.io/2025/02/14/sec-reviews-approving-grayscale-crypto-etfs/): The U.S. Securities and Exchange Commission (SEC) has reportedly taken a step forward in reviewing proposed rule changes that would allow NYSE Arca to list and trade shares of the Grayscale XRP Trust and other Grayscale products. This move suggests a possible shift in the regulator’s stance on digital assets, even as legal uncertainties persist. Bloomberg ETF analyst James Seyffart noted that the SEC’s 45-day review period for the Grayscale XRP Trust will officially begin once the proposal is published in the Federal Register. The acknowledgment was widely expected, especially as Ripple and the SEC continue their legal battle over - [Coinbase Eyes Return to India Amid Regulatory Shift and Security Risks](https://news.shib.io/2025/02/14/coinbase-eyes-return-to-india-amid-regulatory-shift-and-security-risks/): Cryptocurrency exchange Coinbase has reportedly been in discussions with Indian regulators about a potential return to the market after its 2023 exit. This comes as India’s Financial Intelligence Unit (FIU) has softened its stance on offshore crypto exchanges. TechCrunch reported that Coinbase is in discussions with multiple Indian regulatory bodies, including the FIU, a government agency responsible for monitoring financial transactions. Two sources familiar with the situation confirmed these ongoing engagements. Coinbase’s efforts to reenter the Indian market come after a challenging history in the region. If successful, its return would mark more than a year since the exchange ceased - [Crypto Influencer Ben Armstrong Missing Amid Legal Troubles and Feud](https://news.shib.io/2025/02/14/crypto-influencer-ben-armstrong-missing-amid-legal-troubles-and-feud/): Cassandra Wolfe, Director of Marketing and Strategic Partnerships at BitBoy Crypto, has reported that Ben Armstrong, the platform’s founder and well-known crypto influencer, is missing. Wolfe urged anyone with information on his whereabouts to come forward. On February 11, Wolfe posted on X, stating that she had not seen Armstrong since he left his home the previous day. “Everyone is worried sick,” she wrote.  MYC ODD APP, a private investment and trading community platform, responded to Wolfe’s post by sharing a message Armstrong had posted prior to his disappearance. In his statement, Armstrong alleged that the crypto media company Hit - [MOEX Suspends Evening Trading as Russian Markets Rally on Trump Call](https://news.shib.io/2025/02/14/moex-suspends-evening-trading-as-russian-markets-rally-on-trump-call/): Russia’s Moscow Exchange Group (MOEX) has suspended evening trading on the stock market after discovering issues with data transmission. In a February 13 statement, MOEX announced that the evening trading suspension was coordinated with market participants. The decision follows a surge in the Russian ruble and stocks earlier in the day, driven by a phone call between U.S. President Donald Trump and Russian President Vladimir Putin, during which they discussed efforts toward peace in Ukraine. Analysts attribute Thursday’s rally in Russian markets to the discussions between the two presidents and their optimistic remarks about resolving the conflict in Ukraine. The - [Tether CEO Fires Back at J.P. Morgan’s Bitcoin Claims](https://news.shib.io/2025/02/14/tether-ceo-fires-back-at-j-p-morgans-bitcoin-claims/): Paolo Ardoino, CEO of Tether, has criticized J.P. Morgan’s claim that the company may have to sell its Bitcoin (BTC) holdings to comply with proposed U.S. stablecoin regulations, potentially triggering a massive downturn in BTC prices. A report published on February 12 by a team of analysts, led by J.P. Morgan strategist Nikolaos Panigirtzoglou, suggested that proposed U.S. stablecoin regulations could force Tether to liquidate part of its BTC reserves. However, Ardoino swiftly dismissed these assertions. “JPM analysts are salty because they don’t own Bitcoin,” the CEO stated in a post to X.  The recent report from J.P. Morgan suggested - [Shib Games Revolution Begins](https://news.shib.io/2025/02/14/shib-games-revolution-begins/): Read the latest edition of The Shib Magazine here. - [5 Huge Crypto Myths Busted: The Truth Behind the Hype](https://news.shib.io/2025/02/13/5-huge-crypto-myths-busted-the-truth-behind-the-hype/): Cryptocurrency has sparked excitement, curiosity, and skepticism since its rise to mainstream attention. While some see it as the future of finance, others remain wary due to crypto myths and misconceptions. From claims that crypto is only used for illicit activities to the belief that it has no real-world value, misinformation can discourage people from exploring the technology. Let’s break down some of the most common crypto myths, separating fact from fiction to provide a clearer understanding of what digital currencies really are — and what they aren’t. Common Misconceptions About Cryptocurrency Myth 1: Crypto has no value in the - [Fun Ways to Earn Digital Currency in the Crypto Playground](https://news.shib.io/2025/02/13/fun-ways-to-earn-digital-currency-in-the-crypto-playground/): Earning digital assets isn’t just about investing — it can also be fun and rewarding. From playing blockchain-based games to participating in crypto rewards programs, there are many engaging ways to collect digital assets without heavy risk. Whether you’re a gamer, content creator, or just curious about crypto, these methods to earn digital currency let you explore while having fun. It doesn’t have to be boring or complicated. There are plenty of fun and creative ways to collect crypto while enjoying activities you already love. Creative and Fun Ways to Earn Digital Currency Games One of the most popular ways - [Altcoins Explained: Understanding Crypto Beyond Bitcoin](https://news.shib.io/2025/02/13/altcoins-explained-understanding-crypto-beyond-bitcoin/): Altcoins, or alternative coins, refer to all cryptocurrencies other than Bitcoin. Since Bitcoin was the first and remains the most dominant cryptocurrency, any other digital asset is considered an altcoin. These coins were created to improve upon Bitcoin’s technology, offer new features, or serve different use cases. Some altcoins focus on faster transactions and lower fees, like Litecoin, while others, like Ethereum, introduce smart contracts, allowing decentralized applications (dApps) to be built on the blockchain. Stablecoins, such as USDT or USDC, are another category, designed to maintain a stable value by being pegged to assets like the US dollar. Altcoins - [Setting Up a Crypto Wallet and Keeping Coins Safe: A Beginner's Guide](https://news.shib.io/2025/02/13/setting-up-a-crypto-wallet-and-keeping-coins-safe-a-beginners-guide/): In the fast-evolving world of cryptocurrencies, understanding the fundamentals is essential for anyone starting their crypto journey. One of the most crucial aspects for beginners to grasp is the role of a crypto wallet. A crypto wallet is a tool that allows users to store, send, and receive cryptocurrencies securely. Unlike traditional wallets, these don’t store physical currency but instead hold private keys, which grant access to blockchain-based assets. Crypto private keys are unique codes that grant access to digital assets in a cryptocurrency wallet. Acting like a password, they authorize transactions and must be kept secure, as anyone with - [Deepfakes: How AI Trickery Works and How to Spot It](https://news.shib.io/2025/02/13/deepfakes-how-ai-trickery-works-and-how-to-spot-it/): In recent years, the term “deepfake” has gained significant attention, particularly in the realms of media, technology, and privacy. But what exactly are deepfakes, and why have they become such a hot topic? A deepfake is a type of synthetic media created by using artificial intelligence (AI) and machine learning techniques to manipulate or fabricate visual and audio content. Typically, it involves using algorithms — often based on deep learning models like Generative Adversarial Networks (GANs) — to create realistic videos, images, or audio that depict people saying or doing things they never actually did. Once the AI has learned - [Shiboshis Arrive on Shiba Eternity & Agent Shiboshi: Let's Get Those NFTs Imported, Stat!](https://news.shib.io/2025/02/12/shiboshis-arrive-on-shiba-eternity-agent-shiboshi-lets-get-those-nfts-imported-stat/): The Shiboshis are here, they’re pixelated, and they’re ready to rumble on Shiba Eternity and Agent Shiboshi. No time for dilly-dallying, those digital doggos aren’t going to import themselves! We’re diving headfirst into the NFT integration, and this guide is your express pass to getting those precious JPEGs battling ASAP. Let’s GO! The Shiba Inu ecosystem continues to evolve with exciting features for collectors and gamers alike! Just a few days back, the Shib Games team, the crew behind these fun stuff in the ecosystem rolled out a new update for Shiba Eternity and Agent Shiboshi, and it is something - [Hong Kong Allows Bitcoin, Ether as Proof of Wealth for Investment Visa](https://news.shib.io/2025/02/12/hong-kong-allows-bitcoin-ether-as-proof-of-wealth-for-investment-visa/): Hong Kong has reportedly begun accepting cryptocurrency holdings as legitimate proof of assets for investment immigration applications under its New Capital Investment Entrant Scheme. The Hong Kong government now permits applicants to use digital assets, including Bitcoin (BTC) and Ethereum (ETH), to fulfill the HK$30 million (approximately $3.8 million) financial requirement for residency under its new visa program aimed at high-net-worth individuals. A spokesperson for Invest Hong Kong, the government agency responsible for attracting foreign investments, stated that applicants must prove ownership of net assets over a designated period to qualify for the visa. While there are no restrictions on - [Tether Invests in Zengo Wallet, Supports Self-Custody](https://news.shib.io/2025/02/12/tether-invests-in-zengo-wallet-supports-self-custody/): Tether Limited, the issuer of arguably the world’s largest stablecoin, has unveiled a strategic investment in Zengo Wallet, the self-custodial crypto wallet. In a blog post published February 11, Tether revealed that its investment is part of a broader initiative to support self-custody solutions and accelerate the global adoption of stablecoins. Tether’s investment will allow Zengo Wallet to integrate support for its stablecoins across multiple leading blockchains, including Bitcoin, Ethereum, and Toncoin. Zengo Wallet offers a range of advanced features, including integrated payment solutions, cross-chain swap capabilities, and round-the-clock customer support. “Tether is committed to delivering reliable and secure tools - [SEC Exempts Trader PII Amid Rising Cybersecurity Threats](https://news.shib.io/2025/02/12/sec-exempts-trader-pii-amid-rising-cybersecurity-threats/): The U.S. Securities and Exchange Commission (SEC) has granted an exemption allowing certain personally identifiable information (PII) of individual traders to be excluded from reporting requirements under the Consolidated Audit Trail (CAT). In a press release issued February 10, the SEC clarified that the exempted PII includes individuals’ names, residential addresses, and birth years.  The commission explained that this decision stems from growing concerns over increasingly sophisticated bad actors in the crypto space. In the event of a data breach, such individuals could exploit personal information to impersonate customers or broker-dealers, potentially gaining unauthorized access to accounts.  By exempting certain - [Elon Musk’s Harry Bōlz Name Change Triggers Crypto Market Hype](https://news.shib.io/2025/02/12/elon-musks-harry-bolz-name-change-triggers-crypto-market-hype/): Elon Musk, owner and executive chairman of X, changed his display name to Harry Bōlz on Tuesday, triggering a surge in Solana-based meme coins bearing the same name. Blockchain analytics firm Lookonchain reported on X that the price of $HARRYBOLZ surged to $0.025. According to reports, the illiquid HARRYBOLZ token saw a sharp 127% surge against SOL following Musk’s name change. However, CoinMarketCap data shows that the token has since dropped 89.59% at the time of writing. A fortunate investor who purchased $1,900 worth of the token on its launch day capitalized on the recent surge, selling their holdings for - [SEC and Binance Request 60-Day Pause in Legal Battle Over Crypto Rules](https://news.shib.io/2025/02/12/sec-and-binance-request-60-day-pause-in-legal-battle-over-crypto-rules/): The U.S. Securities and Exchange Commission (SEC) and Binance have jointly requested a 60-day pause in their legal battle. This is the first major crypto case to be put on hold since Mark Uyeda became acting SEC chair. A February 10 court filing reveals that the joint motion sought to pause legal proceedings, citing the formation of the SEC’s Crypto Task Force and its potential impact on regulations. “The work of this task force may impact and facilitate the potential resolution of this case,” the motion stated. “As this is a joint motion, there is no prejudice to any party - [CFTC Targets Crypto Fraud in First Major Case Under New Leadership](https://news.shib.io/2025/02/11/cftc-targets-crypto-fraud-in-first-major-case-under-new-leadership/): The U.S. Commodity Futures Trading Commission (CFTC) has filed a consent order against Rashawn Russell, accusing him of defrauding investors through a digital asset trading scheme. On February 10, the CFTC announced that U.S. authorities charged Russel, a New York resident, with fraud for orchestrating a scheme that deceived investors into contributing cryptocurrency to a fictitious fund. The complaint states that Russell misappropriated approximately $1.5 million through the fraudulent scheme, for which he pleaded guilty to wire fraud in the U.S. District Court for the Eastern District of New York. Russell diverted the misappropriated funds for personal expenses, payments to - [Alabama Man Pleads Guilty to SEC Hack That Briefly Spiked Bitcoin](https://news.shib.io/2025/02/11/alabama-man-pleads-guilty-to-sec-hack-that-briefly-spiked-bitcoin/): Eric Council Jr., accused of assisting in the breach of the U.S. Securities and Exchange Commission’s (SEC) X account, has admitted guilt to conspiracy charges involving identity theft and access device fraud. During a February 10 hearing at the U.S. District Court for the District of Columbia, Council admitted his involvement in the SEC hack. U.S. authorities have put forward a plea agreement in response to his admission. Council’s involvement in the cyberattack led to an unauthorized post on the SEC’s X account, falsely announcing the approval of spot Bitcoin (BTC) exchange-traded funds (ETFs) for the first time. According to - [Musk Makes $97.4B Offer to Acquire OpenAI, Clashes With Altman](https://news.shib.io/2025/02/11/musk-makes-97-4b-offer-to-acquire-openai-clashes-with-altman/): Elon Musk, owner and executive chairman of X, and a group of investors have submitted a $97.4 billion bid to acquire the controlling nonprofit entity of OpenAI, challenging the company’s direction and reigniting debates over AI governance. The Wall Street Journal reports that Musk and the investors submitted the multi-billion-dollar bid to OpenAI’s board of directors on February 10 in an effort to acquire the nonprofit entity. Musk’s attorney, Marc Toberoff, confirmed that he submitted the bid seeking to acquire all of the tech company’s assets. Musk’s AI company, xAI, along with private equity firms such as Baron Capital Group - [Grayscale Seeks SEC Approval for First US Spot Cardano ETF](https://news.shib.io/2025/02/11/grayscale-seeks-sec-approval-for-first-us-spot-cardano-etf/): NYSE Arca, a division of the New York Stock Exchange (NYSE) Group, has submitted a filing to list a spot Cardano (ADA) exchange-traded fund (ETF) on behalf of crypto asset manager Grayscale. This marks the first effort to introduce ADA into the U.S. spot ETF market. On February 10, NYSE Arca submitted a proposed rule change to the U.S. Securities and Exchange Commission (SEC) seeking approval to list and trade shares of the Grayscale Cardano Trust. The initiative indicates Grayscale’s ongoing efforts to broaden institutional exposure to digital assets, extending beyond Bitcoin and Ethereum. If approved, the offering would mark - [Tron Facilitated Most Illicit Crypto Transactions in 2024 - Report](https://news.shib.io/2025/02/11/tron-facilitated-most-illicit-crypto-transactions-in-2024-report/): Blockchain platform TRON facilitated the majority of illicit crypto transactions in 2024, including transfers linked to sanctioned entities, according to a report by blockchain analytics firm TRM Labs. The analytics firm released its 2025 crypto crime report on February 10, revealing a 24% year-over-year decline in illicit cryptocurrency transactions, totaling $44.7 billion in 2024. However, the report cautioned that the final estimate for illicit transaction volume in 2024 is expected to surpass the current projection of $44.7 billion. “And may even be above US$75 billion if we carry forward our upward revision for the 2023 figure (US$34.8 billion) so far,” - [Trump Ordered Fed Probe? DOGE Uncovers $100B Waste](https://news.shib.io/2025/02/10/trump-ordered-fed-probe-doge-uncovers-100b-waste/): Radio host Alex Jones has alleged that President Donald Trump directed Elon Musk’s Department of Government Efficiency (DOGE) to launch an investigation into the U.S. Federal Reserve.  In an X broadcast, Jones made this assertion, aligning it with DOGE’s ongoing scrutiny of other government agencies. The host also discussed that since its establishment in 1913, the Federal Reserve has never undergone a full audit, raising questions about the transparency of its operations. While the Fed is subject to audits by the Government Accountability Office (GAO) and external accounting firms, certain aspects of its operations remain off-limits.  Specifically, audits do not - [Pump.fun Denies Token Launch Amid Legal Challenges and Speculation](https://news.shib.io/2025/02/10/pump-fun-denies-token-launch-amid-legal-challenges-and-speculation/): Pump.fun co-founder Alon Cohen has denied rumors that the Solana-based platform has introduced its own meme coin and is preparing for an initial public offering (IPO). On February 9, Cohen took to X to address speculation surrounding the platform, urging users to rely only on official communications. “Seeing rumors about a potential pump fun token – these are wrong,” Cohen wrote.  Cohen reiterated that Pump.fun’s priority over the past year has been refining its platform and rewarding users. He said that the team has focused on enhancing the user experience rather than pursuing other initiatives. Wu Blockchain reported that alongside - [President Touadéra Meme Coin Sparks Hype, Doubts, Deepfake Claims](https://news.shib.io/2025/02/10/president-touadera-meme-coin-sparks-hype-doubts-deepfake-claims/): Central African Republic President Faustin-Archange Touadéra has unveiled a memecoin called $CAR, but questions over its authenticity have surfaced, with skeptics and AI deepfake detectors casting doubt on the legitimacy of the announcement. On February 9, amid the excitement surrounding Super Bowl LIX, Touadéra’s official X account announced the launch of the memecoin. Describing the token as an “experiment,” the post suggested that a simple meme could serve as a unifying force, contribute to national development, and elevate the country’s global presence in an unconventional way.  “As the second president in the world to adopt Bitcoin as legal tender, I - [Musk Demands Engelmayer Impeachment After DOGE Blocked from Treasury](https://news.shib.io/2025/02/10/musk-demands-engelmayer-impeachment-after-doge-blocked-from-treasury/): Elon Musk, leader of the Department of Government Efficiency (DOGE), has demanded the impeachment of New York federal Judge Paul Engelmayer following a ruling that limits Musk and his team’s access to critical U.S. Treasury Department payment systems and confidential data. On Sunday, Musk took to his social network, X, to accuse Judge Engelmayer of being a “corrupt judge” who is shielding corruption. “He needs to be impeached NOW!” Musk added.  According to CNBC, President Donald Trump assigned Musk and his team the mission to identify methods of significantly reduce the federal budget, downsize the federal workforce, and eliminate numerous - [UK Landfill Holding £600M Bitcoin Hard Drive to Close Following Legal Battle](https://news.shib.io/2025/02/10/uk-landfill-holding-600m-bitcoin-hard-drive-to-close-following-legal-battle/): The Newport City Council has announced that the landfill where computer engineer James Howells’ Bitcoin hard drive — containing an estimated £600 million (approximately $750 million) in BTC — was lost is nearing the end of its operational lifespan and is set to close within the next two years. “The landfill has been in exploitation since the early 2000s and is coming to the end of its life, therefore the council is working on a planned closure and capping of the site over the next two years,” a council spokesman said, the BBC reported.  According to Newport City Council documents, - [Deribit Bans Russian Users Amid New EU Sanctions on Crypto](https://news.shib.io/2025/02/07/deribit-bans-russian-users-amid-new-eu-sanctions-on-crypto/): Crypto exchange Deribit has confirmed its departure from the European market, citing European Union (EU) sanctions, and has suspended services in Russia. As reported by TASS, while the exchange operates from Dubai, its Dutch parent company is obligated to adhere to EU economic sanctions, influencing its decision to exit the European market. According to the report, Russian nationals are prohibited from using the crypto exchange’s services, except in cases where they hold dual nationality with a European Economic Area (EEA) member country or Switzerland or have permanent residency in those regions. However, all Russian firms are banned. “Due to EU - [Texas Rep. Al Green Criticizes Trump Meme Coin in Debanking Hearing](https://news.shib.io/2025/02/07/texas-rep-al-green-criticizes-trump-memecoin-in-debanking-hearing/): Texas Representative Al Green has condemned President Donald Trump for promoting a “deregulatory pro-crypto agenda” amid launching a controversial meme coin, calling for his impeachment.  During a February 6 hearing of the House Financial Services Committee’s Oversight and Investigations Subcommittee, Rep. Green questioned the narrative put forth by Republican leaders, who claimed the prior administration had targeted cryptocurrency through U.S. regulatory actions. Rep. Al Green also addressed claims made by certain lawmakers and cryptocurrency executives regarding Operation Choke Point 2.0, which they argued was a strategy by the Biden administration to debank the industry. He dismissed these allegations, calling the - [Franklin Templeton Seeks SEC Approval for Crypto Index ETF](https://news.shib.io/2025/02/07/franklin-templeton-seeks-sec-approval-for-crypto-index-etf/): Asset management firm Franklin Templeton has filed with the U.S. Securities and Exchange Commission (SEC) for a multi-asset crypto exchange traded-fund (ETF), reinforcing its push into digital assets. The move follows a surge in ETF applications after President Trump’s inauguration, as firms anticipate a more favorable regulatory landscape. If granted regulatory approval, the Franklin Crypto Index ETF will enable investors to gain exposure to Bitcoin and Ethereum’s spot prices within a single fund. The ETF, which is set to be listed on the Cboe BZX Exchange, will allocate assets based on each cryptocurrency’s market capitalization. As of the filing date, - [Asia-Pacific Retail Bitcoin Trading Outshines the US, Europe](https://news.shib.io/2025/02/07/asia-pacific-retail-bitcoin-trading-outshines-us-europe/): Asia-Pacific retail Bitcoin trading has emerged as the frontrunner, surpassing the growth seen in the U.S. and Europe, where the market expansion has slowed. Excluding exchange-traded funds and institutional flows, APAC’s retail BTC activity is expanding at a significantly faster rate, emphasizing the region’s growing influence in the global crypto market. A recent study by crypto exchange Gemini, conducted in collaboration with blockchain analytics firm Glassnode, reveals that Bitcoin trading activity aligns with working hours across different regions. The analysis of transaction timestamps indicates a strong correlation between BTC activity and business hours, shedding light on regional trading patterns. Since - [Names of Gensler's Replacement Float as Crypto Industry Watches for New SEC Chair](https://news.shib.io/2024/11/07/names-of-genslers-replacement-float-as-crypto-industry-watches-for-new-sec-chair/): The crypto industry is holding its breath. Whispers of Gary Gensler’s potential departure from the Securities and Exchange Commission (SEC) have sent ripples through the market, leaving investors and entrepreneurs alike wondering what the future holds for regulation in this burgeoning sector. Gensler’s aggressive stance on crypto has been met with both praise and criticism. His direct interventions, including a string of enforcement actions against crypto exchanges and projects, have aimed to bring the industry under tighter regulatory control. This move was applauded by some who advocate for investor protection but met with frustration from others who argue his approach - [French Trader Bags $79 Million on Trump's Election](https://news.shib.io/2024/11/07/decentralized-betting-pays-off-french-trader-wins-79-million-on-trumps-election/): While the political world grapples with the aftermath of the 2024 U.S. election, one trader is swimming in a sea of profits. A French trader has just pocketed a staggering $79 million by wagering on Donald Trump’s victory on the decentralized betting platform, Polymarket. The story of this daring bet, which defied the odds and generated a windfall for the anonymous French trader, known only as Theo4, began with whispers in the crypto community. Rumors circulated about a “whale,” a trader with significant financial resources, holding substantial positions on Polymarket, betting heavily on a Trump win. As the election neared, - [Former FTX Executives Sentenced: Gary Wang Seeks Leniency, Caroline Ellison Begins Prison Term](https://news.shib.io/2024/11/07/former-ftx-executives-sentenced-gary-wang-seeks-leniency-caroline-ellison-begins-prison-term/): The long arm of the law is catching up to former FTX executives, as Gary Wang, the company’s former CTO, pleads for leniency in his upcoming sentencing hearing while Caroline Ellison, ex-girlfriend and former co-CEO of Alameda Research, begins serving her two-year prison term. Wang, who played a key role in FTX’s technological infrastructure, has argued for a non-custodial sentence, emphasizing his limited awareness of the criminal activities and his full cooperation with authorities. His legal team maintains that he was the first to come forward and provide critical testimony against former FTX CEO Sam Bankman-Fried, leading to Bankman-Fried’s conviction - [Second Trump Term May Yield ‘Friendlier’ SEC, Says Global Law Firm](https://news.shib.io/2024/11/07/second-trump-term-may-yield-friendlier-sec-says-global-law-firm/): Global law firm Ropes & Gray has released a forecast suggesting that a second term for Donald Trump could lead to a more agreeable and supportive Securities and Exchange Commission (SEC). The firm posits that such a shift may foster a regulatory climate that encourages growth in financial markets and innovation, particularly in the cryptocurrency space and among tech startups. “It seems likely that issuers of digital assets—and asset managers interested in investing in digital assets on behalf of their clients—will face a friendlier SEC than under Chair Gensler,” the forecast read. Trump has addressed multiple cryptocurrency audiences, asserting his - [Strategic Bitcoin Reserve Proposal Gains Traction Under Trump](https://news.shib.io/2024/11/07/strategic-bitcoin-reserve-proposal-gains-traction-under-trump/): With Donald Trump now in the presidency, the Bitcoin Act stands to be a key legislative focus, according to a blog post from asset manager CoinShares. Introduced by Senator Cynthia Lummis (R-Wyo.) in July, the proposal aims to classify Bitcoin as a strategic reserve asset by utilizing cryptocurrency seized through asset forfeitures. Trump has voiced his support for this initiative, making it a highlight of his remarks at the Bitcoin Conference in Nashville that same month. A U.S. government purchase of up to 5% of Bitcoin’s total supply would position it similarly to gold, granting it a place in the - [Bone ShibaSwap Trading Volume Explodes By 72%, Price Jumps 7%](https://news.shib.io/2024/11/07/bone-shibaswap-trading-volume-explodes-by-72-price-jumps-7/): Bone ShibaSwap (BONE) is making waves. The token has seen a dramatic spike in trading activity, with its 24-hour volume soaring over 72% and the price rising over 7%. Bone ShibaSwap (BONE), the governance token of ShibaSwap and the official gas fee token of Shibarium, is back in the spotlight. As of 8:34 p.m. ET on Wednesday, the token’s market capitalization has also climbed by 7.43%, reaching approximately $91.07 million, according to CoinMarketCap data. Several factors are likely contributing to this renewed interest. The broader crypto market has experienced a recent upswing, with the global market cap rising 8.76% to - [Crypto Prediction Markets See Surge After Accurate US Election Forecasts](https://news.shib.io/2024/11/07/crypto-prediction-markets-see-surge-after-accurate-us-election-forecasts/): How did crypto prediction markets outperform polls in predicting the election? The surprising accuracy of blockchain-based predictions has sparked rapid growth in this sector, raising questions about the future of forecasting Polymarket, a leading prediction market platform, declared on X (formerly Twitter), “Last night, Polymarket proved the wisdom of markets over the polls, the media, and the pundits.” This success not only validated the power of these platforms but also fueled discussions about their broader applications.  The accuracy of these platforms drew praise from various analysts, with Bloomberg Intelligence ETF analyst Eric Balchunas commenting on Polymarket’s post, “It wasn’t perfect, - [Crypto Roars After Trump Victory: Industry Leaders Demand Regulatory Change](https://news.shib.io/2024/11/06/crypto-roars-after-trump-victory-industry-leaders-demand-regulatory-change/): The gloves are off. Emboldened by Donald Trump’s presidential win, crypto leaders are demanding a radical shift in regulatory approach, setting the stage for a high-stakes battle over the future of finance. From Coinbase’s C-suite to billionaire investors, the message reverberating across the industry is clear: cease the lawsuits, initiate dialogue, and embrace the transformative potential of cryptocurrency. Coinbase Chief Legal Officer Paul Grewal issued a direct challenge to the SEC on X, just hours after the election results. “I hope @SECGov understands what has happened tonight,” Grewal wrote. “On many, many issues, the voters said loud and clear that - [US to Establish Strategic Bitcoin Reserve, Senator Confirms](https://news.shib.io/2024/11/06/us-to-establish-strategic-bitcoin-reserve-senator-confirms/): An audacious new strategy for the U.S. financial landscape is taking shape: the creation of a strategic Bitcoin reserve.  Just hours after Donald Trump’s presidential victory, Senator Cynthia Lummis (R-Wyo.) confirmed the ambitious plan, echoing a proposal she introduced in July to acquire 5% of the world’s Bitcoin supply. This move has ignited both excitement and debate, raising questions about the future of the dollar and the role of cryptocurrency in national strategy.  Prominent figures in the crypto community, including MicroStrategy’s Michael Saylor, have voiced their support. Saylor, quoting Lummis’ announcement on X, stated, “The United States needs a Strategic - [Shiba Inu Trading Volume Soars Over $1 Billion in Triple-Digit Surge](https://news.shib.io/2024/11/06/shiba-inu-trading-volume-soars-over-1-billion-in-triple-digit-surge/): Shiba Inu, the dog-themed cryptocurrency project, is experiencing a resurgence. A triple-digit surge in 24-hour trading volume, exceeding $1.19 billion, has propelled the token back into the spotlight.  This explosive growth, a 146.13% increase, coincided with a confluence of positive developments, including renewed optimism surrounding the crypto market following Donald Trump’s presidential election victory, the announcement of the Shiba Inu Hub for Innovation and Blockchain (S.H.I.B.), and a bullish technical analysis suggesting a potential price breakout. As of 2:45 p.m. ET on Wednesday, Shiba Inu was trading at $0.00001865, a 2.50% increase for the day. This positive price action is - [S.H.I.B.](https://news.shib.io/2024/11/06/s-h-i-b/): Read the latest edition of The Shib magazine here. - [Will Crypto Titans Run Washington? Trump's Win Fuels Speculation](https://news.shib.io/2024/11/06/will-crypto-titans-run-washington-trumps-win-fuels-speculation/): The crypto world is abuzz with speculation. Donald Trump’s return to the White House raises a tantalizing question: will crypto industry titans soon hold the reins of power in Washington? His victory, coupled with a Republican-controlled Senate, has ignited hopes of a regulatory landscape transformed by those who understand the intricacies of digital assets. Trump’s campaign rhetoric resonated with the crypto community. He promised to dismantle what he called the “persecution” of the industry, championing low-cost energy for Bitcoin miners and envisioning the U.S. as the global Bitcoin superpower. These pronouncements, combined with his general anti-establishment stance, fueled expectations of - [Trump Crypto Stance: Crypto Community Awaits Action on Ambitious Agenda](https://news.shib.io/2024/11/06/trump-crypto-stance-crypto-community-awaits-action-on-ambitious-agenda/): The White House has a new occupant, and with him comes a renewed focus on cryptocurrency. Donald Trump, now the elected President of the United States, during his campaign, outlined a plan for a crypto-friendly America. This plan represents a departure from his previous stance on the subject. Trump’s crypto manifesto began with a bold declaration: “Make the United States the world’s cryptocurrency capital.” This vision, however, lacked specifics. It is unclear how this would be achieved, whether through favorable tax policies, regulatory clarity, or a robust infrastructure for crypto businesses. His plan also called for firing SEC Chairman Gary - [Kansas Bank CEO's Crypto Fraud Leads to Full Repayment for Victims](https://news.shib.io/2024/11/05/kansas-bank-ceos-crypto-fraud-leads-to-full-repayment-for-victims/): In a landmark ruling in Kansas, victims of a major Kansas bank fraud received a promise of full financial recovery.  The drama unfolded in a federal courtroom on Monday, where individuals impacted by former bank CEO Shan Hanes’ deceptive scheme heard the news of their forthcoming restitution. Hanes had embezzled $47 million from Heartland Tri-State Bank, driving it into insolvency and affecting many, including close family and neighbors. “Hanes’ greed knew no bounds. He trespassed his professional obligations, his personal relationships, and federal law. Not only did Shan Hanes betray Heartland Bank and its investors, but his illegal schemes also - [Shiba Eternity Web3: Unleash Your Inner Shiba in the Ultimate Shiba Summit Tournament!](https://news.shib.io/2024/11/05/shiba-eternity-web3-unleash-your-inner-shiba-in-the-ultimate-shiba-summit-tournament/): The Shiba Inu gaming universe is about to erupt! Shiba Eternity Web3 is throwing down the gauntlet with the return of its Beta Bash tournament, but this time, it’s bigger, bolder, and promises a hefty reward for those willing to play hard, win big, and embrace the true Shiba spirit. Get ready for the Ultimate Shiba Summit Tournament! Forget your casual skirmishes—this ain’t your average dog park brawl. This is a high-stakes showdown where every swipe, every calculated move could land you a sweet chunk of that 500 BONE prize pool. It’s play-for-gain, Shiba-style. And the best part? It’s completely - [South Korea Youth Choose Crypto Over Traditional Jobs](https://news.shib.io/2024/11/05/south-korea-youth-flock-to-crypto-shun-traditional-jobs/): In South Korea, a seismic shift in employment trends is emerging as younger generations increasingly abandon traditional job paths in favor of cryptocurrency trading.  This trend is detailed in a recent analysis by the Electronic Times, which shows a marked uptick in job seekers aged 40-59, while interest among those aged 20-39 has waned. The rise in older job seekers is attributed to the need for supplemental income amid ongoing economic stagnation. In contrast, younger individuals are gravitating towards financial investments in assets like cryptocurrencies. This investment trend is supported by data from various recruitment platforms, which indicate a significant - [Mt. Gox Stirs Crypto Market with $2B BTC Transfer](https://news.shib.io/2024/11/05/mt-gox-stirs-crypto-market-with-2b-btc-transfer/): Mt. Gox, the now-defunct cryptocurrency exchange, has reportedly moved over $2 billion worth of Bitcoin into new wallets, stirring market speculation about its intentions.  According to blockchain analytics firm Arkham Intelligence, on November 4, Mt. Gox transferred 30,371 BTC to an unknown address and about 2,000 BTC to another. All these while still retaining approximately 44,378 BTC, valued around $3.04 billion. This flurry of activity was noted just days after another analytics firm, SpotOnChain, reported that Mt. Gox had moved a total of 32,871 BTC in the past week, including some amounts to major crypto exchanges OKX and B2C2. Such - [Whale larpas Triggers Market Shift with $4M Election Bets Sell-Off](https://news.shib.io/2024/11/05/whale-larpas-triggers-market-shift-with-4m-election-bets-sell-off/): A significant sell-off by a Polymarket whale known as “larpas” has sparked notable shifts in betting odds related to the upcoming U.S. presidential elections. In a high-stakes move, “larpas” offloaded nearly $4 million in bets on former President Donald Trump’s victory, impacting the market dynamics profoundly. Data from Arkham Intelligence revealed that “larpas” began divesting these positions around 4 p.m. UTC, with the bulk of the bets predicting a Trump win. This activity led to a decrease in Trump’s odds from 60.6% to 56.2% on Polymarket, though they slightly recovered to 58% after the transactions. Giant-Cassocked Rebirth (GCR on X), - [Shiba Inu Price Soars on Kusama's Vision of a Blockchain Silicon Valley-S.H.I.B](https://news.shib.io/2024/11/05/shiba-inu-price-soars-on-shytoshi-kusama-shares-vision-of-a-blockchain-silicon-valley-s-h-i-b/): The Shiba Inu (SHIB) ecosystem is buzzing with excitement after Shytoshi Kusama, the pseudonymous lead visionary of the Shiba Inu project, unveiled an ambitious vision for a “Silicon Valley for the Blockchain Industry.”  This bold proposal, dubbed the Strategic Hub for Innovation in Blockchain (S.H.I.B.), ignited a surge in the price of SHIB, demonstrating the community’s fervent belief in Kusama’s vision and the potential for Shiba Inu to become a leader in the blockchain space. Kusama’s announcement, shared on X (formerly Twitter) on Tuesday, sparked immediate enthusiasm within the Shiba Inu community. They outlined a detailed proposal for S.H.I.B., envisioning - [Crypto Co-Founder Robbed in Bangkok, Issues Warning to Devcon Attendees](https://news.shib.io/2024/11/05/devcon-crypto-co-founder-robbed-in-bangkok-issues-warning-to-attendees/): A chilling incident in Bangkok casts a shadow over the upcoming Ethereum Devcon, highlighting the vulnerability of even seasoned crypto professionals to street crime.  Haichao, the co-founder of Rooch Network, found himself face-to-face with knife-wielding robbers in the early hours of the morning Monday, losing his phone in the terrifying encounter. His experience is a stark reminder of the importance of vigilance and safety precautions, particularly for those traveling to unfamiliar cities. Haichao’s ordeal began upon his arrival in Bangkok. His flight landed at 3 a.m., and a miscommunication with his taxi driver led to him being dropped off at - [Shiba Eternity Web3 Beta Bash Crowns Its First Top Dogs—And They’ve Got the $BONE to Prove It!](https://news.shib.io/2024/11/04/shiba-eternity-web3-beta-bash-crowns-its-first-top-dogsand-theyve-got-the-bone-to-prove-it/): Shiba Eternity Web3 has officially named its first-ever champions! The curtain has fallen on the inaugural Beta Bash tournament, with five players rising to glory and clutching their hard-earned share of the $BONE bounty. This friendly yet fierce showdown wasn’t just for kicks; it served as a true testing ground for Shiba Eternity’s gameplay, hinting at the competitive chaos to come. Leading the charge was the formidable Labubu, claiming the first-ever title of Beta Bash Champion. Hot on his heels came ThorBVW, whose skill earned him a snug second place, and SHIBKING, who slid into third with a solid display - [Michigan Bets on Ethereum, Signaling Institutional Embrace of Crypto's Future](https://news.shib.io/2024/11/04/michigan-bets-on-ethereum-signaling-institutional-embrace-of-cryptos-future/): Michigan’s state pension fund is placing a significant bet on the future of Ethereum, adding fuel to the growing institutional embrace of cryptocurrencies.  On Monday, the State of Michigan Retirement System disclosed its holdings in two Ethereum-focused exchange-traded funds (ETFs) managed by Grayscale: the Grayscale Ethereum Trust and the Ethereum Mini Trust. The SEC filing, which reported holdings as of September 30, revealed a substantial investment of 460,000 shares in each ETF. This move came on the heels of an earlier disclosure revealing the pension fund’s investment in the ARK 21Shares Bitcoin ETF. Taken together, these investments, estimated at roughly - [ShibaSwap 2.0 Introduces APR Display: A New Tool Empowers Liquidity Providers](https://news.shib.io/2024/11/04/shibaswap-2-0-introduces-apr-display-a-new-tool-empowers-liquidity-providers/): A powerful new feature is brightening the often-opaque world of decentralized finance (DeFi) on ShibaSwap 2.0. By clearly displaying the Annual Percentage Return (APR) for both version 1 and 2.0 liquidity pools, this tool empowers liquidity providers with crucial information to navigate the complexities of yield farming and make data-driven decisions. Transparency in potential returns is paramount in the ever-evolving DeFi landscape, and this feature aims to deliver just that. Previously, comparing potential yields between ShibaSwap and its latest version, ShibaSwap 2.0 pools demanded significant manual effort and a deep understanding of the underlying mechanisms. Users often grappled with fragmented - [Deutsche Telekom Pioneers "Digital Monetary Photosynthesis": A Greener Path for Bitcoin Mining](https://news.shib.io/2024/11/04/deutsche-telekom-pioneers-digital-monetary-photosynthesis-a-greener-path-for-bitcoin-mining/): A quiet but potentially transformative shift is occurring within the volatile world of cryptocurrency. Deutsche Telekom, the European telecommunications giant, is pioneering a sustainable approach, leveraging surplus renewable energy to reshape the narrative around the cryptocurrency’s environmental impact. This innovative approach, dubbed “digital monetary photosynthesis,” promises a greener future for Bitcoin mining. Unlike many corporate forays into Bitcoin mining, Deutsche Telekom’s initiative, launched in June 2024, focuses on optimizing existing resources rather than adding to the energy demand. Deutsche Telekom MMS, the subsidiary at the helm of the project, is harnessing the inherent fluctuations in renewable energy generation to its - [Alibaba Lays Off Dozens From Metaverse Unit Amid AI Pivot](https://news.shib.io/2024/11/04/alibaba-slashes-metaverse-unit-hundreds-laid-off-amid-ai-pivot/): Alibaba Group has reportedly scaled back its metaverse operations and reduced staff numbers significantly within its metaverse division, Yuanjing. This shift is part of a broader realignment toward artificial intelligence (AI), signaling a cooling interest in the metaverse among major tech players. Launched in 2021, Yuanjing aimed to capitalize on the burgeoning interest in the metaverse, a digital realm that many predicted would be the next iteration of the internet. Despite initial investments and efforts to secure a foothold in the virtual landscape, the division is now facing significant layoffs as the Chinese multinational company reallocates resources to more promising - [Wiz Khalifa X Account Hack Tied to WIZ Coin Scam](https://news.shib.io/2024/11/04/wiz-khalifa-x-account-hack-tied-to-wiz-coin-scam/): The X social media account of American rapper Wiz Khalifa was hacked, leading to the promotion of a dubious meme coin WIZ and resulting in dramatic market fluctuations.  The scam, revealed by blockchain sleuth ZachXBT, initially propelled the coin’s value to a peak of $3.4 million. However, the value plummeted to less than $28,000 after early investors began offloading their holdings. Currently, the token’s market cap stands at approximately $8,400. This incident follows a similar pattern to the recent hack of Truth Terminal creator Andy Ayrey’s account, which promoted another fraudulent cryptocurrency. These events highlight the vulnerabilities associated with celebrity-backed - [Kraken Unveils Crypto Derivatives for Australian Wholesale Clients](https://news.shib.io/2024/11/04/kraken-launches-crypto-derivatives-for-australian-wholesale-clients/): Kraken has announced the launch of a new service tailored for Australian wholesale clients, offering crypto-based derivatives through a licensed broker. This initiative reflects Kraken’s ongoing expansion in Australia and its commitment to adhere to the stringent regulatory standards expected within the financial sector. The service will enable wholesale clients to engage with a variety of crypto-based derivatives without needing to hold the actual cryptocurrencies. This is particularly significant as it utilizes Kraken’s Australian financial services license to offer these products, highlighting the platform’s compliance with local regulations. Jonathon Miller, Kraken’s General Manager for Australia and Rest of World, emphasized - [Zopp0 Crypto Manipulation Scam Exposed; Influencers Backed Dubious Projects](https://news.shib.io/2024/11/04/zopp0-crypto-manipulation-scam-exposed-influencers-backed-dubious-projects/): The cryptocurrency community reels from recent revelations as on-chain analyst ZachXBT exposes a series of manipulative schemes orchestrated by a figure known only as Zopp0.  This figure allegedly masterminded multiple failed crypto projects — SCALE, NTD, TPU, and OPSEC — leveraging popular influencers to artificially inflate their value before abandoning the projects, causing significant investor losses. Details emerge of the Zopp0 operations where leaked messages show concerted efforts to use influencers like CryptoGodJohn, CryptoKazi, and Luke Belmar to promote these dubious projects without genuine technical backing.  This tactic, coupled with strategic negative publicity against competitors, illustrates a dark side of - [Thai Police Allegedly Hold Chinese Businessman Hostage for $10 Million Crypto Ransom](https://news.shib.io/2024/11/03/thai-police-allegedly-hold-chinese-businessman-hostage-for-10-million-crypto-ransom/): In a chilling display of corruption and audacity, a group of Thai police officers allegedly held a Chinese businessman hostage, demanding a staggering $10 million ransom in cryptocurrency. The scheme, which involved fabricated charges and threats of imprisonment, has sent shockwaves through Thailand and raised alarming questions about the integrity of the nation’s law enforcement. The ordeal began in mid-October when six uniformed Thai police officers, accompanied by a civilian posing as law enforcement, stormed the Samutprakarn residence of Mr. Sai, a Chinese businessman from Vanuatu, News.qq reported. Brandishing what appeared to be a search warrant, they claimed Mr. Sai - [Upgrade Your DeFi Game: ShibaSwap 2.0 Makes Migration Seamless](https://news.shib.io/2024/11/03/upgrade-your-defi-game-shibaswap-2-0-makes-migration-seamless/): Level up your decentralized finance (DeFi) game with ShibaSwap 2.0. The popular DEX has just made upgrading easier than ever, allowing liquidity providers to seamlessly migrate their positions without withdrawing their funds. This frictionless transition unlocks a world of new features and potential for higher returns, making ShibaSwap 2.0 a must-have for any serious DeFi player. Previously, migrating liquidity between different versions of a decentralized exchange often resembled a complicated dance. Users typically had to withdraw their liquidity from the older version, incurring transaction fees and navigating the often-complex process of adding it to the new platform.  This multi-step process - [Crypto Adoption Explodes in Eastern Europe: Is This the Next Digital Asset Hotspot?](https://news.shib.io/2024/11/03/crypto-adoption-explodes-in-eastern-europe-is-this-the-next-digital-asset-hotspot/): Wall Street and Silicon Valley could wait,  the next crypto revolution might be brewing in Eastern Europe. A surge in crypto adoption is transforming the region into a surprising hotspot for cryptocurrency, challenging preconceived notions about the geography of innovation and raising a tantalizing question: is Eastern Europe the future of finance? A new report from Chainalysis revealed a surge in cryptocurrency usage across the region, driven by a confluence of factors ranging from economic instability to tech-savvy populations and a desire for financial freedom. The report, which analyzed cryptocurrency activity across various regions, painted a compelling picture of Eastern - [Wells Fargo Loses Long-Time Customer After Refusal to Refund Scammed Funds; Can Crypto Do Better?](https://news.shib.io/2024/11/03/wells-fargo-loses-long-time-customer-after-refusal-to-refund-scammed-funds-can-crypto-do-better/): A Colorado woman’s nearly three-decade relationship with Wells Fargo ends abruptly after the bank refuses to refund $15,000 stolen by sophisticated scammers. Melanie Sponselee’s experience highlights the vulnerabilities of traditional banking systems and raises a critical question: can cryptocurrency offer a more secure and responsive alternative? Sponselee’s ordeal began with a seemingly routine text message from Wells Fargo, inquiring about a large transaction, 9News reported. After replying “no,” she received a call from an individual posing as a bank representative. This impostor, armed with convincing details like employee identification and familiar hold music, guided Sponselee through a series of transfers, - ['Market Maker' CEO and Partners Face Wire Fraud and Crypto Market Manipulation Charges](https://news.shib.io/2024/11/03/market-maker-ceo-and-partners-face-wire-fraud-and-crypto-market-manipulation-charges/): A dark cloud hangs over the cryptocurrency “market maker” Gotbit. CEO Aleksei Andriunin and two of his partners face federal charges of wire fraud and market manipulation, casting a stark light on the shadowy practices that can plague the crypto market.  The Justice Department alleged a sophisticated scheme involving wash trading to artificially inflate trading volumes, potentially impacting popular meme coins like Saitama and Robo Inu. The indictment, unsealed this week, accuses Andriunin, 26, along with Gotbit directors Fedor Kedrov and Qawi Jalili, of orchestrating a multi-faceted fraud.  At the center of the scheme, prosecutors alleged was a code developed - [ShibaSwap 2.0 Unleashes A New Era of Seamless Trading With Multi-Hop Swaps](https://news.shib.io/2024/11/02/shibaswap-2-0-unleashes-a-new-era-of-seamless-trading-with-multi-hop-swaps/): A quiet revolution is underway in the world of decentralized finance (DeFi). ShibaSwap 2.0, the upgraded decentralized exchange (DEX) from the Shiba Inu project, introduces multi-hop swaps, a game-changing feature poised to streamline the trading experience and expand opportunities for users. This innovation allows for seamless transactions across multiple trading pairs, even when a direct exchange route isn’t available, marking a significant step forward in the evolution of decentralized trading. Multi-hop swaps represent a significant leap in DEX functionality. In the past, if a user wanted to trade Token A for Token C, but no direct trading pair existed on - [DEX Takeover Inevitable? Crypto Exec Exposes Major CEX Listing Fees](https://news.shib.io/2024/11/02/dex-takeover-inevitable-crypto-exec-exposes-major-cex-listing-fees/): A bombshell allegation rocks the cryptocurrency exchange landscape, threatening to upend the balance of power between centralized (CEX) and decentralized exchanges (DEX). Simon Dedic, CEO of blockchain advisory firm MoonRock Capital, in a recent X post claimed that a “Tier 1” crypto project was asked to relinquish 15% of its total token supply to Binance in exchange for a listing. This revelation ignited a fiery debate about the exorbitant listing fees charged by centralized exchanges (CEXs) and fuels predictions of a decentralized exchange (DEX) takeover. Dedic’s claim, shared on X (formerly Twitter), quickly gained traction within the crypto community. He - [Disgust and Outrage: DWF Labs Managing Partner Condemns Partner Accused of Drugging Job Applicant](https://news.shib.io/2024/11/02/dwf-labs-managing-partner-condemns-partner-accused-of-drugging-job-applicant/): Shockwaves ripple through the cryptocurrency investment world. Andrei Grachev, Managing Partner of DWF Labs, publicly expresses his disgust and outrage over accusations that a partner drugged a job applicant. The incident, captured on CCTV footage, has sparked swift condemnation and a promise of legal action, raising serious questions about the culture within the firm and the broader crypto industry. The disturbing allegations surfaced last week, centering on Eugene Ng, a partner at DWF Labs. Ng is accused of drugging a woman during a job interview. The details, while still emerging, paint a troubling picture of a potential abuse of power. - [Cracks Appear in EigenLayer Foundation as Key Figures Depart](https://news.shib.io/2024/11/02/eigenlayer-foundation-cracks-appear-as-key-figures-depart/): A tremor runs through the EigenLayer ecosystem. Two prominent Ethereum Foundation researchers, Dankrad Feist and Justin Drake, along with Chief Growth Officer Calvin Liu, have recently resigned from their advisory and leadership roles within the project, raising questions about the future direction of this ambitious “restaking” protocol. The departures, coupled with a significant drop in the $EIGEN token price, signal potential turbulence for a project once touted as a key component of Ethereum’s evolving infrastructure. The resignations began in September with Calvin Liu stepping down as Chief Growth Officer of the Eigen Foundation. This departure, while significant, did not immediately - [London Teenager Charged with Terror Offenses for Allegedly Helping Al Qaeda Raise Crypto Funds](https://news.shib.io/2024/11/02/london-teenager-charged-with-terror-offenses-for-allegedly-helping-al-qaeda-raise-crypto-funds/): A chilling scene unfolds in a London courtroom: a 16-year-old boy, flanked by his parents, stands accused of aiding a global terrorist organization. He allegedly leverages his technical skills in crypto and cybersecurity not for typical teenage pursuits, but to help Al Qaeda raise funds.  The teenager, whose identity remained protected due to his age, faced five serious charges, including terrorist fundraising, providing training in terrorist techniques, and possessing documents likely to be useful to a person planning terrorist acts. Prosecutors alleged the boy offered his expertise to Al Qaeda online, portraying himself as a skilled operative in the world - [Crypto Showdown: Richard Heart Fights Back Against SEC Suit](https://news.shib.io/2024/11/01/crypto-showdown-richard-heart-fights-back-against-sec-suit/): A packed courtroom in New York City on Thursday witnessed a heated legal battle between Richard Heart, a prominent crypto figure, and the Securities and Exchange Commission (SEC). Heart’s legal team vigorously contested the SEC’s lawsuit, arguing that the commission lacks jurisdiction over him and his crypto projects, HEX, Pulsechain, and PulseX. The hearing brought to light a fundamental tension within the crypto space: the struggle to reconcile decentralized technologies with traditional regulatory frameworks. The core of Heart’s defense hinges on a fundamental question: Can the SEC regulate crypto projects that operate outside the traditional boundaries of U.S. financial markets? - [CZ Reflects on His Time in Prison During First Public Appearance Since Release](https://news.shib.io/2024/11/01/cz-reflects-on-his-time-in-prison-during-first-public-appearance-since-release/): Binance co-founder and former CEO Changpeng Zhao, widely known as CZ, spoke about his experience in prison during his first public appearance since his release from prison during the Binance Blockchain Week Dubai 2024. As he recounted his experience to Altcoin Daily’s co-founder and host Austin Arnold, he emphasized that human connection holds greater value than anything else. CZ served four months in prison after pleading guilty to violating U.S. money laundering laws. In candid remarks, CZ revealed insights he has gained during his incarceration, noting that his time behind bars allowed him to contemplate the significance of human relationships. - [Crypto Hacks Cost Over $88 Million in October– Report](https://news.shib.io/2024/11/01/crypto-hacks-cost-over-88-million-in-october-report/): Who are the shadowy figures behind the crypto hacks that cost nearly $88.47 million in October? The answer, like much in the digital world, remains elusive, highlighting the ongoing battle between security and innovation in the crypto space. The October 2024 crypto landscape was marred by a series of high-profile hacks, leaving a trail of devastation across the decentralized finance (DeFi) ecosystem and prompting a renewed focus on security vulnerabilities. Blockchain security and data analytics company PeckShield revealed that nearly $88.47 million was stolen across roughly 20 hacking incidents, underscoring the ongoing challenge of safeguarding assets in a rapidly evolving - [Crypto Surpasses Real Estate as Top Investment Choice in Turkey - Study](https://news.shib.io/2024/11/01/crypto-surpasses-real-estate-as-top-investment-choice-in-turkey-study/): Cryptocurrency is now the third most preferred investment vehicle in Turkey, following gold and foreign currency.  This finding comes from the latest Cryptocurrency Awareness and Perception Survey by Turkish crypto exchange Paribu and research firm FutureBright Group. The annual survey, now in its fifth year, highlights significant shifts in investment preferences and growing confidence in digital assets among Turkish investors. This year, the share of Turkish citizens actively trading cryptocurrency rose from 25.1% to 27%, reflecting an increased interest in crypto despite economic volatility and regulatory ambiguity.  The survey collected responses from diverse investors and showed that 56% of participants - [SEC's $400M Crypto Enforcement Push Sparks Demand for Clear Guidelines](https://news.shib.io/2024/11/01/secs-400m-crypto-enforcement-push-sparks-demand-for-clear-guidelines/): The U.S. Securities and Exchange Commission (SEC) has spent over $400 million in litigation costs as part of its ongoing crypto crackdown, according to a recent report by the Blockchain Association. Under the leadership of Chair Gary Gensler, known for his aggressive stance on cryptocurrency regulation, the SEC has intensified its efforts to impose stricter oversight on the digital asset market. Gensler’s commitment to safeguarding investors and establishing a regulatory framework for cryptocurrencies has sparked significant debate. It has consistently raised questions about the effectiveness and financial implications of such a costly endeavor in the crypto sector. The report sourced - [Bitfarms Adds 10,000 Miners in US Stronghold Hosting Deal](https://news.shib.io/2024/11/01/bitfarms-adds-10000-miners-in-us-stronghold-deal/): Bitfarms, the global cryptocurrency mining company, announced a new hosting agreement with Stronghold Digital Mining Hosting to deploy an additional 10,000 miners at the latter’s Scrubgrass site in Pennsylvania.  The expansion is part of its strategy to increase its U.S. footprint and is anticipated to begin in December 2024. The 10,000 miners were initially intended for Bitfarms’ Yguazu site in Paraguay but will now operate alongside 10,000 other miners Bitfarms is deploying under its initial agreement with Stronghold. This deployment will achieve an efficiency of approximately 20.5 watts per terahash (w/TH), enhancing Bitfarms’ fleet-wide performance.  Bitfarms Chief Executive Officer Ben - [ShibaSwap 2.0 Makes Earning Easier: Claim Rewards Without Withdrawing Liquidity](https://news.shib.io/2024/11/01/shibaswap-2-0-streamlines-rewards/): The Shiba Inu ecosystem has always been a hotbed of innovation, and ShibaSwap 2.0 is no exception. This revamped platform is making waves with its user-friendly features and enhanced earning potential, and one of the most notable changes is the ability for liquidity providers to claim rewards without withdrawing their assets. This seemingly simple adjustment is a game-changer, offering a smoother path to Shiba riches for all involved. In the past, the process of reaping the rewards of providing liquidity on ShibaSwap involved a multi-step process. Users had to withdraw their assets from the pool, then navigate the process of - [The Rise of the Crypto Influencers: Are Whitepapers Losing Their Grip?](https://news.shib.io/2024/11/01/crypto-influencers-are-whitepapers-losing-their-grip/): In the crypto space, who are investors listening to? Are they delving deep into whitepapers, or are they swayed by the charisma of crypto influencers? A new survey reveals a fascinating shift in how investors evaluate blockchain projects, highlighting the growing power of influencers in the crypto world. A recent survey conducted by cryptocurrency exchange platform Bitget polled 5,923 crypto community members on their approach to project evaluation. The results highlight a fascinating trend: while whitepapers remain important, their dominance is being challenged by the growing influence of influencers. The survey revealed that a significant majority (92.28%) of respondents still - [M2 Thwarts $13.7 Million Crypto Heist, Recovers Funds in Minutes](https://news.shib.io/2024/11/01/m2-thwarts-13-7-million-cyber-heist-recovers-funds-in-minutes/): Dubai-based cryptocurrency platform M2 reported a cybersecurity breach early Thursday, which involved a $13.7 million loss but was quickly mitigated within 16 minutes of detection.  The incident occurred at 3:16 AM (GMT+4) and was addressed by the platform’s security team by 3:32 AM. In a statement, M2 confirmed that the situation has been fully resolved, customer funds restored, and enhanced security protocols implemented. M2 assured users that it has taken full responsibility for the incident and is working with legal and regulatory authorities to ensure thorough follow-up on the matter.  “This incident underscores our commitment to protecting customer assets and - [ShibaSwap 2.0: Maximize Your Earnings](https://news.shib.io/2024/10/31/shibaswap-2-0-maximize-your-earnings/): ShibaSwap 2.0, the decentralized exchange platform for the Shiba Inu crypto project, has introduced a new feature that empowers users to take control of their earnings: variable fee tiers. This innovative system allows liquidity providers to choose from three distinct fee tiers – 0.05%, 0.30%, and 1.00% – each offering a unique balance of risk and reward. The concept is simple: higher fee tiers attract more trading volume, potentially leading to greater earnings from swap fees. However, this comes with a trade-off: higher fees can also deter traders, leading to lower overall volume. ShibaSwap 2.0: Navigating the Fee Tiers Choosing - [Unveiling of Satoshi Nakamoto 'Legal Identity' Has a Major Plot Twist](https://news.shib.io/2024/10/31/nakamoto-unveiling-legal-identity-has-a-major-plot-twist/): A press release promising the unveiling of the legal identity of Satoshi Nakamoto sent shockwaves through the crypto world, but the event, held today in London, turned out to be a far cry from the anticipated revelation. Instead of a groundbreaking announcement, the event descended into a chaotic spectacle, leaving journalists and attendees questioning the legitimacy of the claims. BBC News Cybercorrespondent Joe Tidy, who attended the event, chronicled the unfolding chaos on X, providing a firsthand account of the bizarre proceedings: “I’m at a London event billed as the ‘unveiling of the true legal identity of Bitcoin inventor Satoshi - [Trick or TREAT](https://news.shib.io/2024/10/31/trick-or-treat/): Read the latest edition of The Shib magazine here. - [Shiba Eternity Web3 Open Beta Is LIVE](https://news.shib.io/2024/10/31/shiba-eternity-web3-open-beta-is-live/): The wait is over, card game enthusiasts! Shiba Eternity Web3 Open Beta is finally here, and it’s bringing a whole new level of action, strategy, and rewards to the table. Get ready to level up your game, because this beta is packed with enough new features and updates to make your inner doge howl! This ain’t your average Open Beta, though. It’s open to everyone, from seasoned collectible card game pros to newbie pups just getting their paws wet. And the game? It’s better than ever. Tournaments with Teeth Think deck building, strategizing, and bragging rights are all you get? - [Asia Crypto Developers Now Outpace US - Report](https://news.shib.io/2024/10/31/asia-crypto-developers-now-outpace-us-report/): Asia crypto developers have now overtaken North America as the leading hub for cryptocurrency and blockchain development talent.  According to the fifth annual Electric Capital Developer Report, the share of Asia crypto developers worldwide increased to 32% in 2024, from 13% in 2015. This shift positions Asia at the forefront of the crypto development sector, surpassing North America, which saw its share decrease to 24% from 44% over the same period. Maria Shen, a general partner at Electric Capital, emphasized the importance of this shift in a recent X post: “Asia is now #1 for crypto devs. The US is - [MrBeast Profited $23M From Questionable Crypto Schemes - Report](https://news.shib.io/2024/10/31/mrbeast-implicated-in-multi-million-dollar-crypto-scheme/): YouTube influencer James Stephen “Jimmy” Donaldson, popularly known as MrBeast, continues to be at the center of allegations involving profitable but questionable cryptocurrency transactions.  A report by blockchain analyst and advisory firm Loock.io alleges that MrBeast, who has 320 million subscribers on YouTube alone, used his substantial social media influence to engage in insider trading and promotional schemes. These allegedly netted him some $23 million in questionable profits. Analysts from Loock.io, supported by blockchain expert SomaXBT, traced nearly 50 wallets linked to Donaldson. The data suggested a coordinated effort to promote certain crypto tokens before selling them off at peak - [Ex-FTX Executive Escapes Jail Time, but Not the Weight of His Crimes](https://news.shib.io/2024/10/31/ftx-executive-escapes-jail-time-but-not-the-weight-of-his-crimes/): A somber silence filled the Manhattan courtroom on the 21st floor as Nishad Singh, once a rising star in the crypto world, stood before Judge Lewis Kaplan. The former FTX executive, architect of the exchange’s complex technological infrastructure, had pleaded guilty to six criminal charges, admitting his role in the stunning collapse of the crypto giant that sent shockwaves through the industry. Yet, despite the gravity of his actions, Singh was spared a prison sentence, a decision that sparked debate and raised questions about the justice system’s response to the FTX saga. Singh’s fate, determined by a combination of his - [Not the Name, But the Proof: Satoshi Nakamoto to Reveal 'Legal Identity' in Historic Bitcoin Event](https://news.shib.io/2024/10/31/not-the-name-but-the-proof-satoshi-nakamoto-to-reveal-legal-identity-in-historic-bitcoin-event/): For over a decade, the name Satoshi Nakamoto has been whispered in hushed tones across the internet, a ghost in the machine, a figure of myth and legend. The creator of Bitcoin, the individual (or individuals) behind the world-altering invention of the digital currency, has remained shrouded in secrecy, fueling a global obsession to unmask the mastermind behind this decentralized revolution. But on Thursday, a portion of that mystery is set to unravel. A press release issued this week promises the official unveiling of Nakamoto’s “legal identity,” a revelation poised to send shockwaves through the cryptocurrency world. This announcement, timed - [The Shib Crypto Recap: Wednesday  ](https://news.shib.io/2024/10/30/the-shib-crypto-recap-wednesday-6/): The midweek crypto headlines are coming in hot, featuring a host of developments specifically surrounding global regulatory dynamics in the tech industry, significant investments in Bitcoin, cryptocurrency adoption on a large scale, and allegations that raise questions about integrity and accountability in the digital asset sector. Google’s YouTube Restrictions Lead to Astronomical Fine from Russia Google faces a huge fine from Russia of approximately 2 undecillion rubles, or $2.5 decillion after years of penalties for blocking pro-Kremlin media on YouTube. Russian state-affiliated outlets Tsargrad and RIA FAN initiated legal action after their channels were blocked. The fine started in 2020 - [DWF Labs Fires Partner Eugene Ng Over Drink Tampering Allegations](https://news.shib.io/2024/10/30/dwf-labs-fires-partner-eugene-ng-over-drink-tampering-allegations/): DWF Labs, a prominent player in the cryptocurrency space, faces a potential crisis as serious allegations have surfaced against one of its partners, Eugene Ng.  A Tokyo-based employee identified as Hana took to social media to share that Ng spiked her drink while they were at a bar. Hana’s lengthy post on X detailed the incident, claiming that Ng tampered with her drink multiple times while was away. Fortunately, a waiter alerted her to Ng’s actions before any further harm could occur. DWF Labs responded promptly, releasing a statement announcing Ng’s immediate dismissal from all management and operational roles. “We - [Google Hit with Startling $2.5 Decillion Fine in Russia](https://news.shib.io/2024/10/30/google-hit-with-startling-2-5-decillion-fine-in-russia/): Google is facing an unprecedented fine from Russia totaling approximately 2 undecillion rubles, equivalent to $2.5 decillion. This follows years of accumulated penalties tied to restrictions on Russian pro-Kremlin media. The penalty arose from legal actions taken by Russian state-affiliated media outlets Tsargrad and RIA FAN, which sued Google after blocking their YouTube channels. The fine reportedly started with daily penalties of 100,000 rubles in 2020 and has compounded weekly, according to an anonymous source cited by Russia’s RBC news website. Citing an unnamed source familiar with the court rulings, this accumulation allegedly stemmed from Google’s continued blocking of state-run - [MicroStrategy Bitcoin Investment Surges to $8.4B in Unrealized Profits](https://news.shib.io/2024/10/30/microstrategy-bitcoin-investment-surges-to-8-4b-in-unrealized-profits/): MicroStrategy’s investment in Bitcoin has reached $8.4 billion in unrealized profits under the leadership of its Executive Chairman Michael Saylor.  - [Bhutan Transfers $66.55M in Bitcoin to Binance Amid $72K Bull Run](https://news.shib.io/2024/10/30/bhutan-transfers-66-55m-in-bitcoin-to-binance-amid-72k-bull-run/): The Royal Government of Bhutan sold $66.55 million in Bitcoin (BTC) to Binance on Tuesday morning, marking its first such transfer in four months.  Analytics platform Arkham Intelligence wrote on X that the Himalayan kingdom now holds $889.36 million in Bitcoin, even as recent challenges affect its national mining operations. In fact, Arkham data shows that Bhutan ranks fourth internationally among government BTC holders. Bhutan’s Bitcoin mining is managed by Druk Holdings and Investments (DHI), Bhutan’s national investment arm, which has invested heavily in Bitcoin as part of its diversification strategy. Throughout 2023, Bhutan mining operations produced roughly 780 BTC - [Canadian Consumers Favor Cash Over Digital Currency: Report](https://news.shib.io/2024/10/29/canadian-consumers-favor-cash-over-digital-currency-report/): The Bank of Canada (BOC) recently published findings showing that Canadian consumers remain hesitant about adopting a digital dollar, preferring traditional payment methods such as cash and cards. This research is part of the BOC’s preparation for a potential central bank digital currency (CBDC). It reveals that fewer than 3% of Canadians have used Bitcoin or other cryptocurrencies for everyday purchases since 2022. This underlines the nation’s continued reliance on fiat-based payments. Mixed Reception for Digital Canadian Dollar According to the survey, Canadians have a mixed outlook on the idea of a CBDC. While 42% of participants held favorable initial - [Don't Just HODL: ShibaSwap 2.0 Introduces Concentrated Liquidity](https://news.shib.io/2024/10/29/shibaswap-2-0-dont-just-hodl-concentrated-liquidity-arrives-on-shibaswap-2-0/): The Shiba Inu ecosystem is no stranger to innovation, consistently pushing the boundaries of what’s possible in the world of decentralized finance. ShibaSwap, the community’s flagship decentralized exchange, has undergone a significant upgrade with the launch of version 2.0. Among its many enhancements, one feature shines particularly bright for savvy traders: concentrated liquidity. In the bustling marketplace of a decentralized exchange, liquidity is king. It’s the lifeblood that allows traders to seamlessly swap tokens, ensuring a smooth and efficient experience. ShibaSwap 2.0 takes liquidity to the next level, offering users greater control and potentially higher returns through concentrated liquidity pools. - [Ethena Labs Faces Backlash Over 180M ENA Token Allocation](https://news.shib.io/2024/10/29/ethena-labs-faces-backlash-over-180m-ena-token-allocation/): Ethena Labs, the organization behind the ENA and USDe tokens, faces scrutiny following revelations that 180 million ENA tokens have been allocated to sats farming, potentially diluting rewards for other participants. The Ethena team’s action has raised questions about their ethical practices, transparency, and long-term commitment to community trust. This is a critical element for a CeDeFi (centralized decentralized finance) project, where a significant portion of operations and decisions are not fully visible to the public. Alert: Important Notice for ENA/USDe Holders The Ethena team is currently using 180M ENA tokens (25% of SENA supply that earns sats) to farm - [Indonesia Sees Crypto Boom, Thanks to Young Investors](https://news.shib.io/2024/10/29/indonesia-sees-crypto-boom-thanks-to-young-investors/): Over 60% of crypto investors in Indonesia are aged 30 years and younger, according to a recent report from the Indonesian Commodity Futures Trading Regulatory Agency (Bappebti). The report revealed that 26.9% of crypto investors in the country are between the ages of 18 and 24 years, while 35.1% fall within the 25 to 30 age bracket. This statistic could indicate a growing trend of financial engagement and investment in digital assets among the nation’s youth, it said.  Bappebti’s head, Dr. Ir. Kasan, MM emphasized the importance of financial literacy for the younger adaptors. “Financial literacy, including an understanding of - [DOJ Charges AurumXchange Operator with Money Laundering Linked to Silk Road](https://news.shib.io/2024/10/29/doj-charges-aurumxchange-operator-with-money-laundering-linked-to-silk-road/): The U.S. Department of Justice (DOJ) has filed charges against Maximiliano Pilipis, operator of the cryptocurrency exchange AurumXchange, for alleged money laundering related to Silk Road transactions. According to a statement from the DOJ yesterday, Pilipis is accused of managing millions of dollars in cryptocurrency transactions through AurumXchange. Reports link some of the funds to accounts associated with Silk Road, the notorious darknet marketplace known for illegal activities, including drug trafficking. The DOJ states that Pilipis, 53, operated AurumXchange without licensing from 2009 to 2013. During that period, the DOJ estimates that the exchange processed over $30 million across approximately - [Hong Kong's ZA Bank Begins Sandbox Trial for Virtual Asset Trading](https://news.shib.io/2024/10/29/hong-kongs-za-bank-begins-sandbox-trial-for-virtual-asset-trading/): ZA Bank, Hong Kong’s largest virtual lender, announced a sandbox trial for its virtual asset trading service. The service aims to provide eligible retail investors in Hong Kong with a secure and streamlined trading experience within a regulated framework. The bank stated that the service aligns with Hong Kong’s fintech goals. It also offers a structured platform for retail investors interested in digital assets. Following a successful pilot phase, ZA Bank will initiate preparations to integrate this virtual asset service into its app for a full-scale release. Increased Interest in Crypto Trading Among Hong Kong Retail Investors ZA Bank highlighted - [Namguk Kim Denies Charges of Hiding Crypto Assets, Claims 'Unreasonable Indictment'](https://news.shib.io/2024/10/29/namguk-kim-denies-charges-of-hiding-crypto-assets-claims-unreasonable-indictment/): In his first court appearance, former South Korean Democratic Party lawmaker Namguk Kim denied accusations that he concealed vast cryptocurrency earnings to misrepresent his assets. He called the prosecution’s case “unreasonable.” Kim, who allegedly obscured holdings worth 9.9 billion won, argued the charges lack legal standing. He noted that virtual assets were not mandated for reporting under Korean asset disclosure laws. The first trial was held at the Seoul Southern District Court by Judge Woo-Yong Jeong of the court’s 9th Criminal Division. Kim is accused of obstruction of official duties for allegedly masking significant profits derived from virtual assets. These - [US Politics, Bitcoin Fuel Record $901M Digital Asset Surge](https://news.shib.io/2024/10/29/us-politics-bitcoin-fuel-record-901m-digital-asset-surge/): U.S. digital asset inflows reportedly surged by $901 million last week, pushing 2023’s total inflows to a record-breaking $27 billion — nearly triple the 2021 record. This is amid rising political interest and speculation in Bitcoin investments. According to a blog post on CoinShares Research, this movement marks a substantial increase from previous records and underscores the strengthening presence of digital assets in finance. The United States led the charge, contributing $906 million in inflows. Meanwhile, Germany and Switzerland saw moderate increases with inflows of $14.7 million and $9.2 million, respectively. In contrast, Canada, Brazil, and Hong Kong reported outflows - [Market Makers in Crypto: Heroes or Villains?](https://news.shib.io/2024/10/28/market-makers-in-crypto-heroes-or-villains/): Cryptocurrency has taken the financial world by storm, offering new opportunities and challenges. Among the many facets of this digital revolution is market making, a practice that ensures cryptocurrencies remain liquid and tradable. However, recent legal actions by the Securities and Exchange Commission (SEC) have brought to light the ethical and regulatory dilemmas that accompany this essential function. What Exactly Is Market Making? Imagine trying to buy or sell a cryptocurrency, only to find that there are no buyers or sellers. This is where market makers come in. They act as intermediaries, always ready to buy or sell, which keeps - [The Shib Crypto Recap: Monday](https://news.shib.io/2024/10/28/the-shib-crypto-recap-monday-4/): It’s a brand-new week, which means it’s a brand-new day of crypto, Web3, and tech news awaiting you. As we dive into today’s headlines, we find ourselves immersed in updates surrounding FTX repayment plans, a palpable surge in institutional interest in Bitcoin, cybersecurity concerns looming over the crypto landscape, and regulatory developments in crypto mining and artificial intelligence (AI). FTX and Bybit Reach $228 Million Settlement FTX and Bybit have settled a lawsuit for $228 million, enabling FTX to recover essential funds for customer repayments following its 2022 collapse. FTX will regain $175 million in digital assets from Bybit and - [Fintech Firm Circle Pushes Forward with IPO Plans](https://news.shib.io/2024/10/28/fintech-firm-circle-pushes-forward-with-ipo-plans/): Circle, the company behind the popular stablecoin USDC, is moving ahead with plans to enter public markets. In a recent interview with Bloomberg, CEO Jeremy Allaire emphasized the company’s strong financial position, stating that Circle requires no additional funding. The firm’s IPO aspirations follow its January 2024 filing of a draft registration statement with the U.S. Securities and Exchange Commission (SEC). This marks Circle’s second attempt to go public after a prior plan to merge with Concord Acquisition through a Special Purpose Acquisition Company (SPAC) was canceled in 2022, impacted by regulatory concerns and market turmoil linked to the FTX - [Bolivia’s Banco Bisa Introduces Regulated Crypto Custody for Tether USDT](https://news.shib.io/2024/10/28/bolivias-banco-bisa-introduces-regulated-crypto-custody-for-tether-usdt/): Bolivia’s Banco Bisa has introduced a custody service for Tether’s USDt stablecoin, allowing customers to buy, sell, and transfer the asset within a regulated framework.  This new service marks a step forward in Bolivia’s crypto landscape, which had previously imposed strict restrictions on digital assets. Banco Bisa’s offering enables users to hold USDt and use it for various transactions, including cross-border payments and sending funds to family members. According to Banco Bisa, Bolivia’s financial regulator, Autoridad de Supervisión del Sistema Financiero (ASFI) supports the custody service. Yvette Espinoza from ASFI stated that this initiative “allows clients to carry out crypto - [Hong Kong FSTB Issues New AI Policies for Financial Sector](https://news.shib.io/2024/10/28/hong-kong-fstb-issues-new-ai-policies-for-financial-sector/): The Hong Kong Financial Services and Treasury Bureau (FSTB) released a policy framework today focusing on responsible AI use within the financial services industry. The bureau, responsible for developing and enforcing financial policies, emphasized that AI deployment should enhance efficiency, security, and customer service standards across the sector. The FSTB also recommended a “dual-track approach” to foster innovation in AI while addressing potential challenges. According to the policy statement, Hong Kong’s financial services industry, which includes banking, securities, insurance, accounting, pension fund management, and green finance, is well-positioned to incorporate AI into operations. The FSTB plans to partner with financial - [Metaplanet Surpasses 1,000 BTC in Holdings After Latest October Purchase](https://news.shib.io/2024/10/28/metaplanet-surpasses-1000-btc-in-holdings-after-latest-october-purchase/): Japan-based tech firm Metaplanet reported that its Bitcoin reserves have exceeded the 1,000 BTC mark following its most recent acquisition today. The Tokyo-listed company revealed that it acquired an additional 156.78 BTC for approximately $10.4 million, raising its total Bitcoin holdings to 1,018 BTC, valued at around $68.8 million. This purchase is part of a series of acquisitions throughout October, making Metaplanet one of Asia’s largest publicly traded corporate Bitcoin holders and among the top 20 worldwide. Metaplanet’s October buying spree began on October 1, when it purchased 107 BTC for roughly $6.6 million, paying an average price of $61,932 - [BlackRock Nears Top Bitcoin Fund Status with $27 Billion Holdings](https://news.shib.io/2024/10/28/blackrock-nears-top-bitcoin-fund-status-with-27-billion-holdings/): BlackRock has significantly increased its investment in Bitcoin, now holding over 403,725 BTC valued at approximately $26.98 billion.  This surge follows the asset manager’s recent purchase of 34,085 BTC worth $2.3 billion in just two weeks, according to analytics platform Lookonchain. A related report by the Financial Times states that BlackRock is on track to become the largest operator of a Bitcoin fund globally. This marks a notable shift from the firm’s earlier skepticism regarding cryptocurrencies. Since launching its spot Bitcoin exchange-traded fund (ETF) four months ago, BlackRock accumulated $16.7 billion in assets, positioning it less than $1 billion behind - [FTX Secures $228 Million in Bybit Settlement to Repay Customers](https://news.shib.io/2024/10/28/ftx-secures-228-million-in-bybit-settlement-to-repay-customers/): FTX has reached a $228 million settlement with Bybit, ending a lawsuit and allowing FTX to recover substantial funds as it works to repay customers following its 2022 collapse. FTX will reportedly recover $175 million in digital assets held on Bybit’s platform and will sell additional holdings, including BIT tokens, to Bybit’s investment subsidiary, Mirana Corp., for $53 million. The legal conflict, initiated by FTX in 2022, stemmed from allegations that Bybit-linked accounts withdrew a significant $327 million from FTX just before the exchange’s financial implosion. This withdrawal, FTX argued, left its remaining customers unable to access their own funds - [Putin Shifts Russia Crypto Mining Oversight to Federal Tax Service](https://news.shib.io/2024/10/28/putin-shifts-russia-crypto-mining-oversight-to-federal-tax-service/): Russian President Vladimir Putin has enacted a law transferring Russia crypto mining oversight from the Ministry of Digital Development to the Federal Tax Service (FTS). This move is expected to expand government access to digital currency transactions and introduce new regional restrictions on cryptocurrency activities. This new law delegates control over the national registry of digital currency miners to the Federal Tax Service (FTS). It reassigns this critical administrative task and strengthens the FTS’ ability to monitor digital currency transactions and the broader cryptocurrency economy in the country. With this new authority, the FTS gains access to essential identifiers for - [Crypto Hacker Steals $20.7M from US Govt Wallet, Returns $6.1M](https://news.shib.io/2024/10/28/crypto-hacker-steals-20-7m-from-us-govt-wallet-returns-6-1m/): A crypto hacker returned $6.1 million to a U.S. government crypto wallet after initially stealing $20.7 million in digital assets. Analytics platform Onchain Lens reported that a U.S. government digital wallet was compromised in a high-profile hacking incident just a few hours ago, resulting in the theft of $20.7 million in cryptocurrency. The hacker quickly transferred funds across several wallets, using decentralized exchanges to convert stolen assets and route a portion of the funds to international crypto exchange platforms. The stolen assets included $13.7 million in aUSDC, $5.44 million in USDC, $1.12 million in USDT, and 178 ETH valued at - [The Weekly Meme Digest](https://news.shib.io/2024/10/26/the-weekly-meme-digest-22/): Your Weekly Dose of Crypto LOLs is Here! 😂🚀 Did someone say ‘meme time’? ⏰ You know what that means! The Shib’s Weekly Meme Digest has arrived, bringing you the freshest, dankest memes the crypto world has to offer. This week, we’ve got everything from rug pull lamentations to laser-eye prophecies. So grab your favorite meme-ing tools and get ready to laugh, cry, and question your life choices. Let’s go! 🎉” This week, we’ve got a buffet of bizarre and bewildering stories. A tech giant gives Bitcoin the cold shoulder… a hacker pulls off a multi-million dollar heist and then - [Lazarus Group Levels Up with Fake Blockchain Game in Crypto Heist](https://news.shib.io/2024/10/26/lazarus-group-levels-up-with-fake-blockchain-game-in-crypto-heist/): Hold on to your wallets, crypto fans! The notorious North Korean Lazarus Group is back, and this time, they’re gaming the system… literally! Kaspersky dropped the bombshell early this week, revealing that the Lazarus Group crafted a sneaky scheme using a fake blockchain tank game to plunder crypto wallets faster than you can say “blockchain.” 🕹️💰 🎲 Level 1: Exploiting Chrome’s Kryptonite Apparently, Lazarus found a flaw in Google Chrome (a “zero-day” for the techies out there) and decided to roll it into a video game that only looked fun. This “game” (or, let’s call it what it is—a malware - [Hackers Briefly Borrow $20M in Crypto from US Gov, Returns it (Mostly) Intact](https://news.shib.io/2024/10/26/hackers-briefly-borrows-20m-in-crypto-from-us-gov-returns-it-mostly-intact/): Breaking news in crypto-world absurdity: on Thursday, daring hackers made off with around $20 million from a U.S. government-controlled crypto wallet filled with seized funds from the infamous 2016 Bitfinex hack. Yet, in a plot twist nobody saw coming, the hacker decided to return $19.3 million of it less than 24 hours later. That’s right—the hacker voluntarily put back 88% of the funds. Why? Who knows! Perhaps they experienced a sudden ethical epiphany or decided they weren’t up for the hassle of laundering government crypto. 💁‍♀️ Hackers’ $700K “Keep-the-Change” Moment 💰 On-chain sleuths at Arkham Intelligence tracked the funds moving - [Microsoft to Bitcoin: Thanks, but No Thanks (We're Good With Clippy) ](https://news.shib.io/2024/10/26/microsoft-to-bitcoin-thanks-but-no-thanks-were-good-with-clippy/): So, Microsoft, the tech giant who brought us the joys of the Blue Screen of Death and Clippy the paperclip, has decided Bitcoin isn’t quite its cup of tea. Apparently, shareholders had the audacity to suggest dipping their toes into the crypto pool, prompting Microsoft to issue a swift and decisive “Nah, fam.” Their reasoning? Bitcoin’s too volatile. You know, unlike the stock market. 😂 Its annual shareholder meeting on December 9 has a menu of hot topics, but one proposal stands out: should Microsoft invest in Bitcoin? Spoiler: the board thinks absolutely not. In fact, they’ve advised shareholders to - [Cult-ured Currency: The Rise of AI-Generated Coins in the Meme Economy](https://news.shib.io/2024/10/26/cult-ured-currency-the-rise-of-ai-generated-coins-in-the-meme-economy/): There’s a new tumult brewing around AI-generated meme coins, and we’re here to investigate it! Say hello to AI cults. 🧙🏽🧹 As if meme coins aren’t controversial enough, the cult thing seems to be influencing a number of degens. 😬 Let me fill you in on the newest craze in the meme coin space: AI-generated tokens inspired by neo-religious themes. 🤖 Yep, that’s right! They’ve turned into this quirky new trend, and guess where you can find the majority of them. Where else? Of course, on Solana! Think digital cult with supporters bowing down to all-knowing AI. 🤩🙌🏼 It all - [Retail Bitcoin Investors: Snoozing Through the Party (Again)?](https://news.shib.io/2024/10/26/retail-bitcoin-investors-snoozing-through-the-party-again/): So, the whales are splashing around in the Bitcoin pool, while retail investors are… well, mostly chilling on the sidelines, sipping their lukewarm lemonade. According to CryptoQuant, retail Bitcoin holdings are growing slower than a snail in a molasses factory. Apparently, only 1,000 BTC have been added to retail wallets in the last 30 days. That’s like finding a penny on the sidewalk – exciting, but hardly life-changing. 🤏 Meanwhile, the big fish are gobbling up Bitcoin like it’s going out of style, adding a whopping 173,000 BTC since the start of the year. Retail? A measly 30,000 BTC. It’s - [Tether Under Scrutiny: Truth or FUD?](https://news.shib.io/2024/10/25/tether-under-scrutiny-truth-or-fud/): A specter is haunting the crypto world – the specter of a federal investigation into Tether, the stablecoin giant that underpins trillions of dollars in transactions. The Wall Street Journal’s report, citing anonymous sources, claims Manhattan prosecutors are scrutinizing Tether for potential sanctions violations and money laundering, raising the unsettling question: truth or FUD (fear, uncertainty, and doubt)? The Wall Street Journal’s bombshell alleged that prosecutors are investigating whether Tether has been used by third parties to fund illegal activities, including drug trafficking, terrorism, and hacking. The Treasury Department is reportedly considering sanctions against Tether due to its alleged use - [Shib Ups the Ante](https://news.shib.io/2024/10/25/shib-ups-the-ante/): Read the latest edition of The Shib magazine here. - [Crypto Trailblazers: How Five Innovators Found Financial Independence Through Digital Currency](https://news.shib.io/2024/10/25/crypto-trailblazers-how-five-innovators-found-financial-independence-through-digital-currency/): In an era marked by economic uncertainty, five individuals harnessed the power of cryptocurrency to achieve remarkable financial independence. Pioneers like Gavin Andresen, the Winklevoss twins, Jered Kenna, Charlie Shrem, and Jeff Garzik have transformed their fortunes through innovative thinking and early adoption, showcasing the potential of digital currencies to revolutionize personal finance. Gavin Andresen A pivotal figure in the early days of Bitcoin, Gavin became involved with the cryptocurrency shortly after its inception. He was introduced to Bitcoin by Satoshi Nakamoto, the mysterious creator of the currency. Andresen’s early contributions to Bitcoin’s development solidified his role as a leading - [South Korea Develops Crypto Monitoring System to Combat Financial Crime](https://news.shib.io/2024/10/25/south-korea-develops-crypto-monitoring-system-to-combat-financial-crime/): South Korea Deputy Prime Minister and Minister of Economy and Finance, Choi Sang-mok, announced on Thursday in Washington, D.C. the establishment of a virtual asset transaction monitoring system.  This initiative aims to ensure the integrity of transactions, particularly in light of rising concerns over cross-border transactions involving stablecoins like Tether. The announcement was made during Choi’s attendance at the G20 Finance Ministers’ Meeting. Choi underscored the need for such a system due to a troubling increase in illegal foreign exchange activities, including corporate tax evasion and money laundering linked to digital assets. “We will push for mandatory reporting of stablecoins - [Microsoft to Consider Bitcoin Investment in Shareholder Vote, Board Disagrees](https://news.shib.io/2024/10/25/microsoft-to-consider-bitcoin-investment-in-shareholder-vote-board-disagrees/): Microsoft has disclosed in an SEC filing that shareholders will vote on a proposal to invest in Bitcoin at their December 10 meeting. However, the company’s board has recommended voting against it, emphasizing that the proposal, introduced by a think tank shareholder, is not a priority for the tech giant. The filing stated that the “Board recommends a vote against this proposal.”  Adam Cochran (adamscochran.eth), Partner at CEHV shared, “this is a fringe proposal by a think tank shareholder, and is not a serious consideration by Microsoft at large.” Contrasting Crypto Strategies: BlackRock Embraces Bitcoin ETFs While Vanguard Stays Cautious - [US Government Crypto Wallet Moves $20M After Dormancy](https://news.shib.io/2024/10/25/us-government-crypto-wallet-moves-20m-after-dormancy/): After months of inactivity, a crypto wallet controlled by the U.S. government moved $20 million in funds, sparking speculations about its purpose in using decentralized finance (DeFi) services. The move, detected by blockchain analytics firm Arkham Intelligence, saw withdrawals in major stablecoins, including USD Coin (USDC) and Tether (USDT), from the DeFi platform Aave. The transaction trail, visible through Arkham’s platform, shows that the wallet initially withdrew $5.45 million in USDC, shortly followed by a second transaction of $1.12 million in USDT. Within minutes, these assets, alongside other holdings totaling $20 million, were moved to a newly created wallet address. - [Michael Saylor Defends Bitcoin Custody Comments After Backlash](https://news.shib.io/2024/10/24/michael-saylor-defends-bitcoin-custody-comments-after-backlash/): Michael Saylor, founder of MicroStrategy, has addressed the cryptocurrency community’s backlash regarding his recent comments on Bitcoin custody. Yesterday, Saylor clarified his stance on self-custody after facing criticism for suggesting that large financial institutions could serve as custodians for Bitcoin holders. In a post on X (formerly Twitter), Saylor stated, “I support self-custody for those willing and able, the right to self-custody for all, and freedom to choose the form of custody and custodian for individuals and institutions globally.” Saylor’s clarification came after his interview on Monday, during which he referred to certain members of the crypto community as “paranoid - [Lazarus Group Exploits Google Chrome Zero-Day Vulnerability in Crypto Attack](https://news.shib.io/2024/10/24/lazarus-group-exploits-google-chrome-zero-day-vulnerability-in-crypto-attack/): Cybersecurity leader Kaspersky has revealed an advanced malicious operation aimed at cryptocurrency, orchestrated by the North Korean Lazarus Group. Announced Wednesday, this campaign saw Lazarus leveraging a previously unknown flaw in Google Chrome through a counterfeit blockchain game. According to the report, the exploit facilitated the installation of spyware designed to hijack wallet details. The attack was identified in May 2024 and involved a fake blockchain-based game as a cover to install spyware aimed at stealing wallet credentials. The group took advantage of a flaw in Chrome’s V8 JavaScript engine, allowing them to gain control over targeted devices. This vulnerability, - [Radiant Capital Hacker Transfers $52M in Stolen Funds to Ethereum](https://news.shib.io/2024/10/24/radiant-capital-hacker-transfers-52m-in-stolen-funds-to-ethereum/): The hacker responsible for the recent theft from the decentralized finance (DeFi) protocol Radiant Capital has transferred nearly all of the stolen assets to the Ethereum network. Blockchain security firm PeckShield reported today that the exploiter moved around 20,500 Ether, valued at approximately $52 million, from layer-2 networks Arbitrum and Binance’s BNB Chain to Ethereum. PeckShield confirmed that “swapping to Ether quickly can help the hacker secure their funds before any preventative measures are taken by authorities or the issuers of centralized tokens.” Radiant Capital, a cross-chain DeFi lending protocol, was hacked for over $50 million in a cyberattack on - [The Verge Upgrade Explained: Ethereum Nodes on Your Phone?](https://news.shib.io/2024/10/24/the-verge-upgrade-explained-ethereum-nodes-on-your-phone/): Ethereum co-founder Vitalik Buterin has outlined the network’s upcoming upgrade, known as “The Verge.”  The upgrade is designed to improve Ethereum’s security and reduce the hardware requirements to run a node, allowing the network to operate on smaller devices such as smartphones and smartwatches. The Verge introduced a feature called “stateless verification,” which enables nodes to verify blockchain blocks without storing large amounts of data. Current Ethereum nodes require hundreds of gigabytes of state data to function. Buterin stated that this new approach will make verifying the blockchain affordable for all devices, including mobile and browser wallets and even smartwatches. - [Vietnam Launches National Blockchain Strategy 2025 to Boost Digital Economy](https://news.shib.io/2024/10/24/vietnam-launches-national-blockchain-strategy-2025-to-boost-digital-economy/): The Vietnamese government has issued Decision No. 1236/QD-TTg, establishing a National Strategy for the application and development of blockchain technology through 2025, with a vision extending to 2030. This strategy aims to position Vietnam as a leader in the blockchain within the region, capitalizing on the technology’s potential to drive economic growth and digital transformation. The National Blockchain Strategy, approved by Deputy Prime Minister Ho Duc Phoc, recognizes blockchain as a pivotal technology of the Fourth Industrial Revolution. It emphasizes the need for robust digital infrastructure that ensures data reliability and security, laying the groundwork for the development of Vietnam’s digital - [Argentina Crypto Outlook Brightens at Buenos Aires Tech Forum](https://news.shib.io/2024/10/24/argentina-crypto-outlook-brightens-at-buenos-aires-tech-forum/): Officials at a recent cryptocurrency conference in Buenos Aires expressed optimism about the future of digital currencies in Argentina, highlighting a shift in regulatory attitudes and new initiatives aimed at fostering sector growth. The Tech Forum event saw participation from key regulatory figures, including Alejandro Rodríguez Ariola, a lawyer for Argentina’s National Securities Commission (CNV), who emphasized the regulator’s evolving stance and active engagement in fostering technological advancements in the finance sector. Gonzalo Chiarullo, Director General of Investment Promotion and Foreign Trade for the City of Buenos Aires, moderated the event and spoke of the historical resistance of the CNV - [Crypto Trader Faces Accusations in North Korean Crypto Laundering Operation](https://news.shib.io/2024/10/24/crypto-trader-faces-accusations-in-north-korean-crypto-laundering-operation/): Using a network of aliases and operating in the shadowy world of over-the-counter cryptocurrency trading, a Chinese individual has allegedly facilitated the laundering of tens of millions of dollars for North Korea’s notorious Lazarus Group, allowing the hackers to convert stolen digital currency into untraceable cash. Yicong Wang, a Chinese over-the-counter (OTC) trader known by aliases such as Seawang, Greatdtrader, and BestRhea977, has been implicated in a sophisticated scheme that has enabled the Lazarus Group to convert tens of millions of dollars in stolen cryptocurrency to cash through various hacks since 2022, according to a recent report by on-chain sleuth - [Denmark to Levy 42% Tax on Unrealized Crypto Gains](https://news.shib.io/2024/10/24/denmark-to-levy-42-tax-on-unrealized-cryptocurrency-gains/): Danish crypto investors will soon face a new financial reality: a 42% tax on the paper profits of their digital holdings, even if they haven’t sold a single Bitcoin or Ethereum token. The levy, set to take effect in 2026, raises complex questions about the valuation of volatile cryptocurrencies and its potential impact on investment strategies. Denmark’s Tax Law Council has recommended taxing both unrealized gains and losses on cryptocurrencies held by Danish investors, potentially starting in 2026. The proposal, detailed in a 93-page proposal submitted Wednesday, aims to simplify the current tax system and address concerns about unfair treatment - [What Are Shiboshis? Exploring Shiba Inu’s Unique NFT Collection](https://news.shib.io/2024/10/24/what-are-shiboshis-exploring-shiba-inus-unique-nft-collection/): The cryptocurrency world is no stranger to innovation and creativity, and the Shiba Inu project is a prime example of this dynamic spirit. Originating as a meme coin, Shiba Inu has expanded its ecosystem to include a unique collection of Non-Fungible Tokens (NFTs) known as Shiboshis. This guide delves into what Shiboshis are, their benefits, and their role in the Shiba Inu ecosystem. What Are Shiboshis? Shiboshis are a collection of 10,000 unique NFTs launched by the Shiba Inu cryptocurrency project. Each Shiboshi is a one-of-a-kind digital collectible inscribed on the Ethereum blockchain—the epicenter of NFT culture and the platform - [ShibaSwap: Should You Use It? Discover the Benefits](https://news.shib.io/2024/10/24/shibaswap-should-you-use-it-discover-the-benefits/): As decentralized finance (DeFi) continues to gain traction, various platforms have emerged, each offering unique features and benefits. Among these, ShibaSwap stands out as a decentralized exchange (DEX) that is gaining popularity, particularly within the Shiba Inu community. In this article, we will explore ShibaSwap, highlighting its key advantages and uses. ShibaSwap: Overview Launched in July 2021, ShibaSwap is the official decentralized exchange (DEX) of the Shiba Inu cryptocurrency project. Built on the Ethereum blockchain, it is designed to provide a secure and user-friendly platform for cryptocurrency trading. ShibaSwap stands out by blending meme culture with robust DeFi functionality, capitalizing - [Shiba Inu Signals Breakout as Key Metric Turns Bullish](https://news.shib.io/2025/03/24/shiba-inu-signals-breakout-as-key-metric-turns-bullish/): Shiba Inu (SHIB) tightens its grip on the charts, flashing a bullish signal that traders can’t ignore. As volatility coils and a key metric hints at an imminent breakout, the stage is set for SHIB to make its next big move. But, will the market bite? Shiba Inu (SHIB), the vibrant community-driven cryptocurrency that captured the attention of the crypto world, is currently demonstrating resilience and potential for future growth. While ranked within the top 20 crypto assets by market capitalization, SHIB’s current price, belies the intriguing technical setup unfolding on its daily chart. The TradingView chart reveals a fascinating - [5 Reasons Why Web3 for Businesses Is a Game-Changer You Can’t Ignore](https://news.shib.io/2025/03/21/5-reasons-why-web3-for-businesses-is-a-game-changer-you-cant-ignore/): The internet is ever-evolving, and Web3 for businesses is reshaping how digital interactions work. Built on blockchain technology, Web3 offers a more decentralized, secure, and user-controlled alternative to Web2. Unlike Web2, which depends on big tech companies to store and manage data, Web3 empowers users to own their digital assets, identities, and even the platforms they engage with. For businesses, this shift isn’t just a trend — it’s a game-changer. Web3 opens doors to new revenue models, stronger customer relationships, and greater transparency. However, it also brings challenges, from navigating emerging regulations to adapting to decentralized systems. Whether you’re a - [Trump Calls for Clear Stablecoin Regulations to Boost US Crypto](https://news.shib.io/2025/03/21/trump-calls-for-clear-stablecoin-regulations-to-boost-us-crypto/): President Donald Trump has delivered a virtual address at the Digital Asset Summit, urging lawmakers to adopt stringent stablecoin regulations and outlining plans to position the U.S. as a leader in cryptocurrency and financial technologies. President Trump began his speech by asserting that the United States will “dominate crypto” and lead the “next generation of financial technology.” President Trump criticized the previous administration for selling off the federal government’s digital asset holdings instead of maximizing their value.  “I’ve also called on Congress to pass landmark legislation creating simple, common sense rules for stablecoins and market structure. With the right legal - [Bybit Hack: Majority of Stolen $1.4B Can Still Be Tracked](https://news.shib.io/2025/03/21/bybit-hack-majority-of-stolen-1-4b-can-still-be-tracked/): Bybit CEO Ben Zhou has disclosed that 88.87% of the $1.4 billion stolen in the Bybit hack remains traceable. The hack has been linked to North Korea’s Lazarus Group. In a March 20 X post, Zhou disclosed that approximately $550,000 worth of Ethereum (ETH) remains traceable, while 7.59% of the stolen funds have become untraceable and 3.54% have been frozen.  Zhou further stated that 86.29% of the stolen assets — totaling 440,091 ETH, or roughly $1.23 billion — were converted into 12,836 Bitcoin and distributed across 9,117 wallets. According to Zhou, the hackers utilized Bitcoin mixers to obscure the movement - [SEC Confirms PoW Crypto Mining Does Not Involve Securities Trading](https://news.shib.io/2025/03/21/sec-confirms-pow-crypto-mining-does-not-involve-securities-trading/): The U.S. Securities and Exchange Commission’s (SEC) Division of Corporation Finance has shared its perspective on crypto mining activities within proof-of-work (Pow) blockchain networks, aiming to clarify how federal securities laws apply to crypto assets. In a statement issued on March 20, the SEC addressed the role of crypto asset mining within public, permissionless networks. The statement focused on assets that are fundamental to the network’s operation, either through participation in its consensus mechanism or by contributing to its security and functionality. Additionally, the SEC clarified that decentralized PoW networks do not fall under the classification of securities. While the - [Dubai Launches Pilot Project for Real Estate Tokenization](https://news.shib.io/2025/03/21/dubai-launches-pilot-project-for-real-estate-tokenization/): The Dubai Land Department (DLD) has launched a pilot project for real estate tokenization, advancing the use of blockchain in property transactions. The Dubai government launched the pilot phase of the Real Estate Tokenization Project under the Real Estate Innovation Initiative (REES). The project is being carried out in partnership with the Dubai Virtual Assets Regulatory Authority (VARA) and the Dubai Future Foundation (DFF) through Sandbox Dubai. According to a press release from the Dubai government, the DLD will be the first real estate registration authority in the Middle East to implement tokenization for property title deeds thanks to this - [LEASH Heats Up As Scarcity and Whale Power Fuel Price Upswing](https://news.shib.io/2025/03/21/leash-heats-up-as-scarcity-and-whale-power-fuel-price-upswing/): Doge Killer (LEASH), designed for exclusivity, is living up to it, recording gains, as whales continue to accumulate the token, to enjoy premium rewards. The tokens of the Shiba Inu ecosystem showed impressive performance this week as all of them traded in the green zone after a period of market dump. Among these ecosystem tokens is Doge Killer (LEASH), which surged as early as Thursday, recording a 12.08% increase to $154.44. LEASH Token: Scarcity and Supply Dynamics A defining characteristic of LEASH is its scarcity. Unlike its Shiba Inu (SHIB) counterpart, which boasts a massive circulating supply, LEASH has a - [BONE Skyrockets: Price Surges as Trading Volume Soars 392%](https://news.shib.io/2025/03/21/bone-skyrockets-price-surges-as-trading-volume-soars-392/): Bone ShibaSwap (BONE), the governance token of the Shiba Inu ecosystem’s decentralized exchange and the gas fee token of Shibarium, is experiencing a dramatic price surge today, fueled by an explosion in trading volume that underscores a sudden and intense burst of investor interest. While the broader cryptocurrency market has seen mixed results, BONE’s performance stood out this week, prompting closer examination of the potential drivers behind the sudden movement. On Thursday, Bone ShibaSwap recorded a 60.05% price surge to $0.3797. Bone ShibaSwap: Key Metrics and Trading Activity A particularly telling indicator of the intensity of the current market activity - [Decentralized Economy](https://news.shib.io/2025/03/21/decentralized-economy/): Read the latest edition of The Shib Magazine here. - [Shiba Inu Eyes Breakout: Falling Wedge Pattern Hints at Strong Rally](https://news.shib.io/2025/03/21/shiba-inu-eyes-breakout-falling-wedge-pattern-hints-at-strong-rally/): A classic bullish signal is flashing for Shiba Inu, as the cryptocurrency’s price action forms a falling wedge pattern on the daily chart, hinting at a potential breakout from its recent downtrend. Analyst Identifies Bullish Chart Pattern for Shiba Inu, Predicts Breakout Cryptocurrency analyst who uses the handle @ZAYKCharts, posted on X the falling wedge pattern. They said, “$SHIB is breaking out of a falling wedge on the 1D timeframe. Anticipating a strong bullish move.” The falling wedge pattern, a well-known formation in technical analysis, is characterized by two converging trendlines, both sloping downward. The upper trendline typically has a - [Unreleased Eminem Music Sold for Bitcoin, FBI Charges Ex-Engineer](https://news.shib.io/2025/03/21/unreleased-eminem-music-sold-for-bitcoin-fbi-charges-ex-engineer/): Years of unreleased music from rap superstar Eminem, stolen from under the artist’s nose by a former sound engineer, has been sold for Bitcoin on the internet, leading to federal charges, the FBI said Wednesday. Joseph Strange, 46, of Holly, Michigan, faces federal charges of criminal copyright infringement and interstate transportation of stolen goods. Strange worked as a sound engineer at Eminem’s Effigy recording studio in Ferndale, Michigan, from 2007 to 2021, a position that granted him access to password-protected hard drives containing a vast archive of the rapper’s work, both finished and unfinished. Federal prosecutors allege that Strange illicitly - [Shiba Inu Treat Soars: Ecosystem’s Rising Star Rockets Up](https://news.shib.io/2025/03/20/shiba-inu-treat-soars-ecosystems-rising-star-rockets-up/): Shiba Inu Treat ($TREAT) is living up to its name, treating investors to a double-digit price surge as the ecosystem’s rising star gains momentum and captures the attention of the crypto world. Shiba Inu Treat Price Surge: A Closer Look at the Numbers As of early Thursday trading (4:09 a.m. ET), Shiba Inu Treat ($TREAT) was trading at $0.006026, marking a significant 16.20% increase over the preceding 24 hours, according to data from CoinMarketCap. This impressive price performance is further underscored by a substantial rise in trading volume, reaching $5,921,841.  This is a clear indication of heightened investor interest and - [Crypto Scams: Teaching Teens How to Avoid Them](https://news.shib.io/2025/03/20/the-importance-of-teaching-teens-how-to-avoid-crypto-scams/): You know that feeling when you find cash in your pocket you forgot about? Now, picture the exact opposite — checking your crypto wallet and realizing someone just swindled you out of your hard-earned money through crypto scams. Not great, right? Crypto is exploding in popularity, and teens are jumping in faster than ever. Digital coins, NFTs, and blockchain sound like the future — and they are — but they also come with risks. Scammers are lurking in DMs, comment sections, and sketchy websites, waiting to trick people into handing over their funds. The problem? Most young investors don’t get - [Anatoly Yakovenko Apologizes for Controversial 'America Is Back' Ad](https://news.shib.io/2025/03/20/anatoly-yakovenko-apologizes-for-controversial-ad-vows-to-avoid-politics/): Solana Labs CEO Anatoly Yakovenko has addressed the reaction to the company’s “America Is Back – Time to Accelerate” controversial ad campaign, which has sparked debate within the community. In a post on X, he expressed his unease over the company’s recent advertisement, which combined themes of American patriotism and technological innovation with political messaging on gender identity. Describing his reaction, Anatoly Yakovenko stated that the ad was “gnawing at [his] soul.” “I am ashamed I downplayed it instead of just calling it what it is — mean and punching down on a marginalized group,” he wrote. The CEO acknowledged - [Hacker Steals 55 ETH by Exploiting AI Crypto Bot Dashboard](https://news.shib.io/2025/03/20/hacker-steals-55-eth-by-exploiting-ai-crypto-bot-dashboard/): A hacker has infiltrated the dashboard of an AI crypto bot, issuing two commands that have transferred 55.5 Ethereum (ETH), valued at $106,200, from its wallet. The breach has raised concerns about the security of AI-driven financial agents in the cryptocurrency space. On March 18, the maintainer of “aixbt,” a market-focused AI crypto bot, addressed the security breach in a post on X. The user, known as “rxbt” on the platform, clarified that the core system remained unaffected and that the incident was not caused by direct manipulation of the AI itself. “Reiterating that this was not a result of - [Filmmaker Accused of Misusing $11M From Netflix on Crypto, Stocks](https://news.shib.io/2025/03/20/filmmaker-accused-of-misusing-11m-from-netflix-on-crypto-stocks/): The Department of Justice (DOJ) has arrested filmmaker Carl Erik Rinsch, alleging he misused $11 million from Netflix — intended for a sci-fi series — to gamble on stocks and cryptocurrency instead. According to a press release by the U.S. Attorney’s Office for the Southern District of New York, Rinsch was taken into custody on March 18 in West Hollywood, California, following allegations that he defrauded Netflix out of millions intended for a sci-fi series.  Acting U.S. Attorney Matthew Podolsky and FBI New York Field Office Assistant Director Leslie Backschies detailed the charges, which stem from an alleged scheme to - [SEC Drops Ripple Case, Garlinghouse Calls It a Win for Crypto](https://news.shib.io/2025/03/20/sec-drops-ripple-case-brad-garlinghouse-calls-it-a-win-for-crypto/): The U.S. Securities and Exchange Commission (SEC) has officially ended its years-long legal battle with Ripple Labs Inc., marking a significant development in the Ripple case over the sale of XRP. On March 19, Ripple CEO Brad Garlinghouse announced on X that the SEC has decided to drop its appeal in the case against the company, bringing the legal battle closer to an end. “This is it – the moment we’ve been waiting for,” Garlinghouse wrote. “The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it. The future is bright. - [SHIB Shows Bullish Technical Setup, Analyst Cites 7x Growth Potential](https://news.shib.io/2025/03/20/shib-shows-bullish-technical-setup-analyst-cites-7x-growth-potential/): A striking pattern is emerging on the Shiba Inu (SHIB) chart, fueling speculation of a significant price rally. One analyst, citing a bullish technical setup, points to the potential for a 7x increase in value. SHIB Triangle Breakout and Double Bottom The analysis, published on TradingView by user “Crypto Tagon,” focuses on the SHIB/USD pairing on the weekly chart. A dominant feature of this chart is a large, multi-year triangle pattern, spanning approximately 3.5 years.  Shiba Inu is currently testing and seemingly rebounding from the lower boundary of this triangle. This test of support coincides with what Crypto Tagon identifies - [Crypto Wallets Drained: Cracked TradingView Software Hides a Costly Secret](https://news.shib.io/2025/03/20/crypto-wallets-drained-cracked-tradingview-software-hides-a-costly-secret/): Cracked TradingView software is draining cryptocurrency wallets right now, as a sophisticated malware campaign sweeps through online forums, leaving a trail of emptied accounts and compromised identities in its wake. Cracked TradingView Downloads Spread Malware, Steal Crypto Malwarebytes, a cybersecurity firm, issued a warning on March 18 about a new malware campaign targeting cryptocurrency traders. The attack uses fraudulent installers for “TradingView Premium Cracked,” promising free access to the charting platform’s paid features. These installers, promoted primarily on Reddit, contain malware that steals personal data and drains cryptocurrency wallets. The campaign employs different malware depending on the user’s operating system. - [104T SHIB Sit in Profit as Shiba Inu Hits 1.5M Holders](https://news.shib.io/2025/03/19/104t-shib-sit-in-profit-as-shiba-inu-hits-1-5m-holders/): The Shib Army is growing. Shiba Inu, the meme-born powerhouse just shattered a new milestone, surpassing 1.5 million holders, a testament to its unwavering community. Meanwhile, 104 trillion SHIB sit comfortably in profit, proving that beyond the memes and moonshot dreams, real value is taking shape. As Shiba Inu continues to evolve, these numbers tell a bigger story—one of resilience, expansion, and increasing relevance in the crypto space. While skeptics once dismissed SHIB as just another speculative frenzy, its ability to maintain a massive holder base suggests something far more enduring. What 1.5 Million Holders Mean for Shiba Inu Data - [US Stablecoin Bill Likely in Two Months - Bo Hines](https://news.shib.io/2025/03/19/us-stablecoin-bill-likely-in-two-months-says-trump-adviser-bo-hines/): Bo Hines, who leads the President’s Council of Advisers on Digital Assets, has indicated that the stablecoin bill is nearing completion and is expected to reach the president’s desk soon. He indicated that the bill will reach President Donald Trump’s desk within the next two months, according to crypto journalist Eleanor Terrett. Speaking at the Digital Asset Summit in New York, Hines emphasized that stablecoin legislation is moving forward, calling it “imminent” in light of recent progress. Hines’ comments follow last week’s approval of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act by the Senate Banking Committee. - [Elon Musk Says US Government Has Computers Creating Money Freely](https://news.shib.io/2025/03/19/elon-musk-says-us-government-has-computers-creating-money-freely/): Elon Musk, who leads the Department of Government Efficiency (DOGE), has claimed that his team has uncovered 14 so-called “magic money computers” within federal agencies — systems he says have the ability to generate and distribute funds with no clear source. During an appearance on Senator Ted Cruz’s podcast Verdict with Ted Cruz, Musk said that multiple federal agencies, including the Treasury, Defense, and Health and Human Services departments, are operating systems capable of generating and distributing funds without a clear source.  According to Elon Musk, these so-called “magic money computers” can issue payments seemingly out of thin air, raising - [Passive Income Through Crypto Staking: Build Financial Freedom](https://news.shib.io/2025/03/19/passive-income-through-crypto-staking-build-financial-freedom/): Earning money while you sleep might sound like a dream, but crypto staking makes it possible. Staking is a way to earn rewards by holding and supporting a blockchain network, similar to earning interest on a savings account. Instead of letting crypto sit idly, staking allows you to lock up your coins to help secure the network, and in return, you receive regular payouts in the form of more crypto. This makes it an attractive passive income option, as it requires little effort beyond the initial setup. Unlike trading, which involves constant monitoring, staking offers consistent earnings without daily market - [Tornado Cash Delisting: Paul Grewal Slams US Treasury for Delay](https://news.shib.io/2025/03/19/paul-grewal-slams-us-treasury-for-delaying-tornado-cash-delisting/): Paul Grewal, Chief Legal Officer of Coinbase, has condemned the U.S. Treasury Department for ignoring a Fifth Circuit ruling that ordered the removal of Tornado Cash from the sanctions list. The dispute has reignited discussions on regulatory oversight and the evolving legal definitions of digital assets and smart contracts. In a post on X, Grewal challenged the government’s reaction to the Fifth Circuit’s ruling, which stated that Tornado Cash’s immutable smart contracts do not meet the criteria for property under U.S. sanctions laws. “Once again they want to ignore Congress’ explicit instructions and substitute [its] own view of the law - [UK to Pilot Blockchain-Based Digital Gilts in Government Test](https://news.shib.io/2025/03/19/uk-to-pilot-blockchain-based-digital-gilts-in-government-test/): The UK government has begun preparations to trial digital gilts, known as DIGIT, using distributed ledger technology (DLT). According to a March 18 Bloomberg report, a newly released policy paper outlines the initiative, which aims to modernize debt management and enhance market accessibility. Financial firms such as Revolut, Stripe, Zilch, and Wise have been invited to participate in the trial, following a meeting led by Chancellor of the Exchequer Rachel Reeves. The project marks a significant step in the UK’s exploration of blockchain technology in the financial sector. The UK Treasury confirmed that its planned digital gilts system will function - [Is DeFi the Future of Financial Independence?](https://news.shib.io/2025/03/18/is-defi-the-future-of-financial-independence/): For years, banks and financial institutions have controlled access to money — deciding who gets loans, charging fees, and limiting financial opportunities. Decentralized Finance (DeFi) is changing that by offering a system where anyone can borrow, lend, trade, and earn interest without relying on banks or middlemen. Built on blockchain technology, DeFi uses smart contracts — self-executing agreements that eliminate the need for traditional financial gatekeepers, giving people more control over their money and greater opportunities for financial independence. In today’s economy, with inflation, job uncertainty, and rising costs, more people are looking for ways to take charge of their - [Microsoft Warns of StilachiRAT Malware Targeting Crypto Wallets](https://news.shib.io/2025/03/18/microsoft-warns-of-stilachirat-malware-targeting-crypto-wallets/): Microsoft has uncovered a remote access trojan (RAT), dubbed StilachiRAT by its team, that can infiltrate 20 different cryptocurrency wallet extensions on the Google Chrome browser. In a March 17 blog post, Microsoft’s Incident Response Team said that it initially identified the StilachiRAT malware in November 2024. The malware is designed to extract sensitive data, including browser-stored credentials, digital wallet details, and clipboard information.  Once deployed, StilachiRAT enables attackers to scan a device’s settings for installed cryptocurrency wallet extensions. The malware targets 20 different wallets, including Bitget Wallet, OKX Wallet, TronLink, and MetaMask, allowing bad actors to extract sensitive financial - [LIBRA Creators Hit With US Class Action Complaint Over Fraud](https://news.shib.io/2025/03/18/libra-meme-coin-creators-hit-with-us-class-action-complaint-over-fraud/): Burwick Law has filed a class action complaint in the Supreme Court of New York against Kelsier Ventures, KIP Protocol, and Meteora, alleging their involvement in the Libra (LIBRA) token scheme, which reportedly defrauded investors. The firm stated in an X post that its complaint, filed on behalf of its client, accuses the defendants of using one-sided liquidity pools to inflate the LIBRA token’s price, misleading investors, and extracting more than $100 million. “We further allege that approximately 85% of supply was withheld at launch, enabling insiders to profit while everyday buyers bore the losses,” Burwick Law wrote.  According to - [North Korea’s Lazarus Group Expands Crypto Holdings After Bybit Hack](https://news.shib.io/2025/03/18/north-koreas-lazarus-group-expands-crypto-holdings-after-bybit-hack/): The Lazarus Group, the North Korea-linked cybercrime organization, has surpassed El Salvador, Bhutan, and Finland in Bitcoin (BTC) holdings after converting stolen assets from the Bybit hack. Blockchain analytics firm Arkham Intelligence reported that the group behind the record-breaking $1.5 billion Bybit hack had converted the stolen Ether (ETH) into 13,518 BTC, valued at approximately $1.12 billion. According to data from Arkham Intelligence, the Lazarus Group also possesses 13,691 ETH, valued at approximately $26.68 million, and 5,022 Binance Coin (BNB), worth around $3.16 million. These assets place North Korea’s holdings above Bhutan’s 10,635 mined Bitcoin and El Salvador’s 6,118 Bitcoin, - [China Central Bank Pushes Artificial Intelligence in Digital Finance](https://news.shib.io/2025/03/18/chinas-central-bank-pushes-artificial-intelligence-in-digital-finance/): The People’s Bank of China (PBOC) has urged banks to integrate artificial intelligence into financial services while ensuring strict data security, emphasizing large-scale machine learning models. According to local reports, the central bank outlined its 2025 financial technology agenda at the PBOC’s annual Technology Work Conference on March 17. It emphasized the need to enhance cybersecurity, strengthen regulatory oversight, and reinforce financial technology infrastructure. The PBOC also cited plans to boost IT capabilities to enhance regulatory functions while implementing advanced automation in financial processes within a controlled framework. Officials from the central bank emphasized that artificial intelligence could strengthen security, - [Bitcoin Steady, But ETF Exodus Grows Amid Macro Jitters](https://news.shib.io/2025/03/17/bitcoin-holds-ground-as-macro-uncertainty-sparks-etf-outflows/): Geopolitical tensions, shifting interest rate expectations, and potential U.S. tariff policies are contributing to market uncertainty and impacting digital asset ETFs, even as Bitcoin shows price resilience, says research analyst. While Bitcoin (BTC) demonstrated relative price stability last week, a complex web of macroeconomic factors is creating significant uncertainty in the broader digital asset market, leading to continued outflows from exchange-traded funds (ETFs). Matteo Greco, Research Analyst at the publicly listed digital asset and fintech investment business Fineqia International (CSE: FNQ), highlighted the key drivers behind this cautious investor sentiment in a short note seen by The Shib Daily. Shifting - [Bitcoin on Apple and Android? Saylor Predicts Big Tech Embrace](https://news.shib.io/2025/03/17/bitcoin-on-apple-and-android-saylor-predicts-big-tech-embrace/): Is Bitcoin about to go mainstream? Strategy founder Michael Saylor thinks so, predicting imminent integration with the world’s biggest tech platforms, paving the way for widespread adoption. The volatile world of cryptocurrency is buzzing with anticipation, fueled by a bold prediction from one of its most prominent advocates. Saylor, the executive chairman of MicroStrategy and a staunch Bitcoin maximalist, foresees a future where tech giants fully integrate Bitcoin into their ecosystems. Saylor’s Vision: Bitcoin in Every Pocket, Bank, and Government In a recent interview with Laura Trump on Fox News, Saylor outlined a sweeping vision for Bitcoin’s future, encompassing widespread - [UK's James Howells Loses Appeal to Recover $660M in Bitcoin](https://news.shib.io/2025/03/17/uks-james-howells-loses-appeal-to-recover-lost-bitcoin-worth-660m/): A UK court has denied computer engineer James Howells’ latest attempt to secure permission to excavate a landfill in Newport, South Wales, for his lost Bitcoin — 8,000 BTC. Howells shared the court’s rejection on X, outlining his next steps following the UK Royal Court of Appeal’s decision. “Appeal request to the Royal Court of Appeal: refused. The Great British Injustice System strikes again,” he wrote.  Howells further indicated that his next course of action will be to file a case with the European Convention on Human Rights (ECHR). Although the ECHR cannot overturn a UK court ruling, a favorable - [WOLF Meme Coin Crashes 99% on Insider Trading Claims](https://news.shib.io/2025/03/17/hayden-davis-wolf-meme-coin-crashes-99-amid-insider-trading-claims/): Hayden Davis, the creator behind the controversial Libra (LIBRA) token, has reportedly introduced a new meme coin, exhibiting similar blockchain patterns that previously signaled potential insider trading before the new coin’s dramatic crash. According to blockchain analytics platform Bubblemaps, the new Solana-based meme coin is called Wolf (WOLF). Reports indicate that Davis created the token amid speculation that Jordan Belfort, the former stockbroker known as the Wolf of Wall Street, was planning to launch his own cryptocurrency. In an X thread, Bubblemaps revealed that the co-creator of the Official Melania (MELANIA) meme coin launched WOLF on March 8, with the - [Kaito AI and Yu Hu X Accounts Hijacked to Spread Fake Alerts](https://news.shib.io/2025/03/17/hackers-hijack-kaito-ai-and-yu-hus-x-accounts-to-spread-fake-alerts/): Kaito AI, an artificial intelligence-driven research platform for crypto and blockchain data, and its founder Yu Hu have been targeted in a social media hack. Attackers took control of the account, falsely claiming that Kaito AI’s wallets had been compromised and warning users that their funds were at risk. In a post on X, the AI company confirmed that both the company and its founder had been hacked, emphasizing that its wallets remained secure and had not been compromised. “We now have regained access to the twitter accounts. Please bare with us as we investigate how this happened. We had - [Amouranth Home Invasion: Suspects Face Charges](https://news.shib.io/2025/03/17/suspects-face-charges-in-home-invasion-of-streamer-amouranths-home/): Four individuals have been charged in connection with the home invasion of popular streamer Kaitlyn Siragusa, known as Amouranth. Siragusa reported that multiple intruders held her at gunpoint, demanding access to her cryptocurrency by forcing her to hand over her private keys. According to Fox 26, Bryan Anthony Salazar Guerrero, Dylan Nesho Campbell, Demarcus Morris Jr., and an unnamed 16-year-old, have been implicated in the case. Morris, Campbell, and Guerrero, face charges of aggravated kidnapping and aggravated robbery with a deadly weapon. Siragusa stated that the intruders, armed with firearms, broke into her home late at night. She reported being - [5 Things Every Teen Should Know About Saving Money in the Digital Age](https://news.shib.io/2025/03/17/5-things-every-teen-should-know-about-saving-money-in-the-digital-age/): Saving money might not seem like a big deal when you’re a teenager, but the habits you build now can shape your financial future. Whether you’re saving up for something fun, like a new phone, or preparing for bigger goals, like college or a car, learning how to manage money early makes life easier down the road. The digital age has changed the way we handle money. Gone are the days of keeping cash in a piggy bank or opening a savings account at a local branch. Now, everything from banking to budgeting happens online, making it easier than ever - [Lazarus Strikes Again: OKX DEX Aggregator Targeted, Service Suspended](https://news.shib.io/2025/03/17/lazarus-strikes-again-okx-dex-aggregator-targeted-service-suspended/): The notorious North Korean hacking group, Lazarus, has reportedly set its sights on another target in the decentralized finance (DeFi) space: the OKX DEX aggregator service. The major cryptocurrency exchange has taken swift action, temporarily suspending the service to implement security upgrades and address vulnerabilities. The decentralized finance (DeFi) world is once again on high alert, as the Lazarus Group, a state-sponsored hacking group from North Korea, has been linked to attempted misuse of OKX’s decentralized exchange (DEX) aggregator service. This incident underscores the persistent threat posed by sophisticated cybercriminals to the rapidly evolving DeFi landscape. Lazarus Group Targets OKX - [Shiba Inu Holds Gains, Analyst Stands by 500% Surge](https://news.shib.io/2025/03/17/shiba-inu-holds-gains-analyst-stands-by-500-surge/): Shiba Inu ($SHIB) refuses to back down. After breaking past key resistance, the dog-themed altcoin holds firm, fueling bullish sentiment as trading volume surges. A crypto analyst isn’t wavering—his 500% breakout target remains intact, signaling that Shiba Inu’s rally may be far from over. The volatile cryptocurrency market never ceases to surprise and Shiba Inu ($SHIB), the self-proclaimed “Dogecoin killer,” is once again making headlines. Crypto analyst Javon Marks, known on the social media platform X as @JavonTM1, reiterated a bullish prediction for the dog-themed altcoin. Shiba Inu Breakout Holds Strong Amid Market Volatility In a recent post on X, - [How NFTs Are Redefining Digital Ownership for the Next Generation](https://news.shib.io/2025/03/14/how-nfts-are-redefining-digital-ownership-for-the-next-generation/): Imagine having full digital ownership of a piece of art, a song, or even a moment in a video game—something uniquely yours that no one else can claim. That’s the promise of NFTs, or non-fungible tokens, which have surged in popularity in recent years. Unlike traditional digital files that can be copied endlessly, NFTs are unique digital assets stored on the blockchain, a type of secure online ledger that verifies authenticity and ownership. This technology has transformed how people think about owning digital items, shifting away from physical possessions to assets that exist purely online. For teens, who have grown - [SEC Weighs XRP’s Commodity Status Amid Talks with Ripple Labs](https://news.shib.io/2025/03/14/sec-weighs-xrps-commodity-status-amid-talks-with-ripple-labs/): The U.S. Securities and Exchange Commission (SEC) has reportedly been considering classifying XRP as a commodity amid ongoing settlement discussions with Ripple Labs, the company behind the digital asset. Fox Business senior correspondent Charles Gasparino revealed in a post on X that discussions between the SEC and Ripple Labs include evaluating whether XRP should remain available for trading and whether its utility aligns more closely with that of a commodity rather than a security. Gasparino stated that sources have pointed to Ethereum (ETH) as a key example in the ongoing discussion over XRP’s classification. According to Gasparino, the creators originally - [North Dakota Securities Department Warns of New Crypto Scam](https://news.shib.io/2025/03/14/north-dakota-securities-department-warns-of-new-crypto-scam/): The North Dakota Securities Department has issued a warning about a new crypto scam in which fraudulent “investment education foundations” lure investors with promises of stock and cryptocurrency education, offering so-called “risk-free” trials and loans. In a statement released by the North Dakota Securities Department, Commissioner Tim Karsky warned that the primary objective of the fraudsters is to convince investors to deposit their own funds into the platform. Additionally, they encourage victims to take out fraudulent loans while collecting excessive commissions. “The rise of fake ‘investment education foundations’ is a concerning trend that preys on investors’ desire to reduce the - [Russian Officials Uncover Illegal Crypto Mining Farm in Orphanage](https://news.shib.io/2025/03/14/russian-officials-uncover-illegal-crypto-mining-farm-in-orphanage/): Russian prosecutors have uncovered an illegal crypto mining operation hidden inside a three-story orphanage in the Siberian village of Kazaqiye. Authorities in Russia’s Irkutsk region have seized 96 cryptocurrency mining rigs in the Bokhansky District, according to a statement from the Irkutsk Oblast Prosecutor’s Office. The operation was reportedly set up by an unnamed non-profit organization, which had installed the equipment inside an orphanage. Although the three-story building remains registered as an educational facility, it is currently not in operation. Prosecutors also found that the organization failed to comply with fire safety and electrical regulations. Required maintenance checks on wiring - [Senate Advances GENIUS Act to Regulate Stablecoins Under New Rules](https://news.shib.io/2025/03/14/senate-advances-genius-act-to-regulate-stablecoins-under-new-rules/): The U.S. Senate Banking Committee has voted 18-6 to advance the GENIUS Act, a key move toward regulating stablecoins and setting clearer standards for digital currencies. Now headed to the full Senate, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act sets out to create federal oversight for stablecoin issuers. A counterpart bill is also under review in the House, and both versions must be aligned before reaching the White House. Senate Banking Committee Chairman Tim Scott described the bill as a significant step forward for innovation. “The GENIUS Act establishes Common Sense rules that require stablecoin issuers - [Shiba Inu Whales Scoop Up Trillions Of SHIB Amid Price Surge](https://news.shib.io/2025/03/14/shiba-inu-whales-scoop-up-trillions-of-shib-amid-price-surge/): After a few days of price slump, Shiba Inu (SHIB) explodes onto the scene as whale wallets aggressively accumulate trillions of tokens, riding a wave of surging prices and igniting bullish sentiment across the crypto community. Massive Whale Accumulation Fuels SHIB Rally: A Bullish Signal? Data from on-chain analytics firm IntoTheBlock reveals a surge of strategic activity among SHIB whales, with a staggering 1.01 trillion SHIB tokens changing hands in just the last 24 hours. This massive movement, encompassing 41 separate transactions, suggests a deliberate and potentially coordinated effort by large holders to acquire significant positions in SHIB. While IntoTheBlock - [BONE, LEASH Get Expanded Accessibility With Latest Development](https://news.shib.io/2025/03/14/bone-leash-get-expanded-accessibility-with-latest-development/): The Shiba Inu ecosystem expands its reach today as key tokens Bone ShibaSwap (BONE) and Doge Killer (LEASH) land on the non-custodial cryptocurrency exchange platform, unlocking instant swaps and potentially transforming access for the SHIB Army. Instant Swaps Unlock Easier Trading for BONE and LEASH Exchang.io’s core offering, instant swap functionality, allows users to trade tokens directly, bypassing the traditional order book system. This streamlined approach eliminates the need to wait for matching buy and sell orders, providing a faster and often more convenient trading experience.  For holders and potential investors in BONE and LEASH, this translates to reduced friction - [CZ Blasts MSM: 'Baseless Hit Pieces' Fueled by Anti-Crypto Agenda](https://news.shib.io/2025/03/14/cz-blasts-msm-baseless-hit-pieces-fueled-by-anti-crypto-agenda/): Binance CEO Changpeng Zhao (CZ) unleashes a furious counterattack against the mainstream media (MSM) on Thursday, accusing news outlets, particularly The Wall Street Journal and Bloomberg, of publishing “baseless hit pieces” driven by a coordinated anti-crypto agenda. The explosive allegations come in response to recent reports suggesting a potential deal between the Trump family and Binance.US, alongside a simultaneous push for a presidential pardon for the Binance founder. CZ Accuses Media of Paid Smear Campaign The controversy erupted following reports in the Wall Street Journal and Bloomberg, which, relying heavily on anonymous sources, claimed that representatives of U.S. President Trump’s - [Blockchain in Healthcare: Revolutionizing Data Management and Patient Care](https://news.shib.io/2025/03/13/blockchain-in-healthcare-revolutionizing-data-management-and-patient-care/): Imagine having instant, secure access to your medical records, fully under your control—yet today’s healthcare system falls short. Patient data is often fragmented across disconnected systems, leading to inefficiencies, errors, and privacy concerns. Data breaches are common, and sharing information between providers remains a challenge, delaying care. Blockchain in healthcare offers a promising solution by providing a secure, transparent, and decentralized way to manage and share patient information, improving efficiency and protecting privacy. Blockchain, a decentralized digital ledger, offers a solution. By securely storing data across a network, it ensures transparency, security, and tamper resistance. In healthcare, blockchain can streamline - [US House Votes to Repeal Controversial IRS DeFi Broker Rule](https://news.shib.io/2025/03/13/us-house-votes-to-repeal-controversial-irs-defi-broker-rule/): The U.S. House of Representatives has approved a bipartisan measure to repeal the IRS DeFi broker rule, which would have required decentralized finance (DeFi) platforms to report user transactions to the Internal Revenue Service (IRS). On Tuesday, the U.S. House of Representatives voted 292-132 in favor of repealing the IRS DeFi broker rule. The opposition largely came from Democratic lawmakers, though 76 Democrats joined Republicans in supporting the repeal. This decision comes after the U.S. Senate approved the repeal on March 4 with a 70-27 vote. It signals broad bipartisan support for overturning the IRS rule on DeFi protocols. If - [North Korea's Lazarus Group Targets Crypto Developers with Malware](https://news.shib.io/2025/03/13/north-koreas-lazarus-group-targets-crypto-developers-with-malware/): The Lazarus Group, a cybercriminal organization suspected of having ties to the North Korean government, has reportedly intensified its attacks on the cryptocurrency sector, with a growing focus on targeting developers. A recent investigation by the Socket Research Team has uncovered a series of attacks involving malicious npm packages designed to compromise developers’ systems. Over the past few months, researchers found that these packages were being manipulated to steal credentials, extract cryptocurrency wallet data, and establish persistent backdoors within development environments. A subgroup of the Lazarus Group has infiltrated the npm repository, a widely used package manager for JavaScript developers. - [Ripple vs. SEC: Legal Battle Approaches Resolution](https://news.shib.io/2025/03/13/ripple-vs-sec-legal-battle-approaches-resolution/): The Ripple case against the U.S. Securities and Exchange Commission (SEC) has moved closer to a resolution, a development that could influence the regulatory landscape for digital assets. According to crypto journalist Eleanor Terrett, two sources familiar with the matter have indicated that the case is nearing its conclusion and could be resolved soon. In a March 12 X post, Terrett stated that the delay in reaching a resolution stems from Ripple Lab’s legal team seeking adjustments to the August 2024 district court ruling, which imposed a $125 million fine on the company and enforced a permanent injunction barring the - [Russia's Central Bank Proposes Experimental Legal Regime for Crypto](https://news.shib.io/2025/03/13/russias-central-bank-proposes-experimental-legal-regime-for-crypto/): The Russian Central Bank is considering a three-year experimental legal regime allowing select investors to trade cryptocurrencies under a regulated framework to enhance market transparency. According to an official announcement, the Bank of Russia has submitted proposals to the government on regulating investments in cryptocurrencies, in line with directives from the Russian president. Under the proposal, only individuals holding at least $1.1 million in securities and deposits would be eligible to participate. Additionally, the proposal includes potential penalties for violations of the regulatory framework, reinforcing oversight and compliance within the digital asset market. Companies qualified as investors under existing regulations - [LIBRA Creator Wanted: Argentine Lawyer Seeks Interpol Help](https://news.shib.io/2025/03/13/argentina-seeks-interpol-aid-in-arresting-libra-u-s-creator/): An Argentine lawyer is formally requesting Interpol’s assistance in the apprehension of Hayden Davis, the U.S.-based creator of the now-defunct LIBRA cryptocurrency, marking a significant escalation in the legal fallout from the token’s dramatic collapse. Gregorio Dalbon, a prominent attorney known for representing former Argentine President Cristina Fernandez, filed the petition to prosecutor Eduardo Taiano, who delegated the investigation to Judge María Servini. The request centers on securing a Red Notice from Interpol, a mechanism used to alert law enforcement agencies worldwide about internationally wanted individuals. The LIBRA cryptocurrency, once publicly endorsed by Argentine President Javier Milei, suffered a catastrophic - [Hundreds Of Trillions SHIB Now In Profit As Shiba Inu Rallies](https://news.shib.io/2025/03/13/hundreds-of-trillions-shib-now-in-profit-as-shiba-inu-rallies/): A substantial portion of the Shiba Inu supply, totaling hundreds of trillions of $SHIB, is now in the money as the cryptocurrency enjoys a resurgence, a welcome development for long-term holders of the dog-themed crypto asset. The recent price increase, which has seen SHIB gain approximately 8% in value, marks a significant shift for the popular meme coin. This upward movement has pushed a considerable number of SHIB tokens into profitable territory, according to data from on-chain analytics firm IntoTheBlock. A Deep Dive into Shiba Inu Profitability IntoTheBlock’s “Global In/Out of the Money” metric provides a detailed analysis of the - [Paradise Lost: Garantex Co-Founder's Indian Holiday Ends in Arrest](https://news.shib.io/2025/03/13/paradise-lost-garantex-co-founders-indian-holiday-ends-in-arrest/): The tranquil beaches of Varkala, a coastal haven in Kerala, India, typically offer a sanctuary from the world’s troubles. However, for Aleksej Besciokov, co-founder of the controversial Russian cryptocurrency exchange Garantex, a family holiday abruptly transformed into a legal battle on Tuesday. At 4 p.m. local time, under the shade of swaying palms, Kerala State police arrested the 46-year-old Lithuanian national, citing India’s extradition laws. Besciokov’s arrest is the latest development in a rapidly escalating international crackdown on Garantex. The U.S. Department of Justice (DOJ), in a press release last Thursday, unsealed an indictment against Besciokov and his co-founder, Aleksandr - [Governments, Reimagined](https://news.shib.io/2025/03/12/governments-reimagined/): Read the latest edition of The Shib Magazine here. - [Coinbase FIU Approval Paves Way for Reentry Into India’s Crypto Market](https://news.shib.io/2025/03/12/coinbase-fiu-approval-paves-way-for-reentry-into-indias-crypto-market/): Coinbase FIU approval has brought the U.S. crypto exchange one step closer to reentering the Indian market, securing a license that could enable it to resume operations after nearly three years. On March 11, Coinbase announced in a post on X that it had secured regulatory approval from India’s Financial Intelligence Unit (FIU) to operate in the country. “We’re committed to building in markets that believe in the potential of crypto and on-chain innovation,” said John O’Loghlen, Regional Managing Director for APAC at Coinbase in a blog post.  “India represents one of the most exciting market opportunities in the world - [About Mark Carney: 10 Key Facts That Crypto Investors Should Know](https://news.shib.io/2025/03/12/10-key-facts-about-mark-carney-that-crypto-investors-should-know/): On March 9, Canada’s newly elected Prime Minister, Mark Carney, won the Liberal leadership election by a significant margin replacing Justin Trudeau. Following his victory, he moved swiftly to prepare for his new role, meeting with Trudeau to ensure a smooth transition. His immediate priorities include addressing economic tensions with the United States, particularly concerns over trade policies and financial stability in the face of potential tariffs imposed by the Trump administration. Carney is no stranger to global finance. His path to the country’s top office is unique — unlike career politicians, Carney built his reputation as a respected central - [OKX Denies EU Probe Amid Claims of Bybit Hack Funds Laundering](https://news.shib.io/2025/03/12/okx-denies-eu-probe-amid-claims-of-bybit-hack-funds-laundering/): OKX has denied an EU probe as regulators reportedly considered penalties over claims that hackers linked to the Bybit breach laundered $100 million in stolen funds through its Web3 platform. According to Bloomberg, anonymous sources familiar with the discussions stated that officials from the European Securities and Markets Authority (ESMA) and national regulators convened on March 6 to evaluate whether OKX’s Web3 platform should be subject to the EU’s Markets in Crypto-Assets (MiCA) regulations. The discussion comes amid growing scrutiny over the exchange’s compliance with European crypto laws. OKX denied reports of an investigation in a statement posted on X, - [SEC Postpones Spot ETF Apps XRP, Solana, Others](https://news.shib.io/2025/03/12/sec-postpones-xrp-solana-and-other-crypto-spot-etf-applications/): The U.S. Securities and Exchange Commission (SEC) has postponed its decisions on multiple altcoin spot ETF applications, including those for XRP, Litecoin, Solana, and Dogecoin, citing the need for further review. The regulator issued notices delaying its rulings on several altcoin spot ETF applications. Among the affected filings are Solana ETFs submitted by 21Shares, Canary, and VanEck, as well as Canary’s spot ETFs for Litecoin and XRP. The postponement signals the regulator’s continued evaluation of cryptocurrency investment products before granting approval. Bloomberg ETF analyst James Seyffart described the SEC’s decision as a routine step in the regulatory process, stating that - [Sen. Cynthia Lummis Revives BITCOIN Act to Build US Crypto Reserve](https://news.shib.io/2025/03/12/sen-cynthia-lummis-revives-bitcoin-act-to-build-us-crypto-reserve/): Senator Cynthia Lummis has reintroduced the BITCOIN Act during a conference hosted by The Bitcoin Policy Institute. The updated legislation includes new provisions and additional co-sponsors, signaling a renewed push for integrating Bitcoin into U.S. financial strategy. The newly revised Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act proposes a framework that could allow the United States to acquire and hold more than 1 million Bitcoin, provided the assets are obtained through lawful means other than direct purchase.  The legislation outlines potential acquisition methods, including civil or criminal forfeitures, gifts to the federal government, or transfers from - [Elon Musk Confirms X Cyberattack, Blames Coordinated Effort](https://news.shib.io/2025/03/11/elon-musk-confirms-x-cyberattack-blames-coordinated-efforts/): Elon Musk, owner of X, has confirmed that the platform was hit by a “massive cyberattack,” causing widespread disruptions and leaving thousands of users unable to access the site for about eight hours. After services were restored, Musk immediately addressed the X cyberattack in a post to his followers. “There was (still is) an attack against X. We get attacked every day, but this was done with a lot of resources. Either a large, coordinated group and/or a country is involved,” Musk wrote.  Musk acknowledged the X cyberattack in response to a social media post outlining a pattern of hits - [House Republicans Unveil Updated GENIUS Act for Stablecoin Rules](https://news.shib.io/2025/03/11/house-republicans-unveil-updated-genius-act-for-stablecoin-rules/): The U.S. Senate Banking Committee will vote on the updated GENIUS Act, a Republican-led stablecoin bill revised after bipartisan negotiations. In a March 10 press release, the U.S. Senate Banking Committee announced an updated version of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The legislation, aimed at creating a clear regulatory framework for payment stablecoins, was introduced by Senate Banking Committee Chairman Tim Scott, alongside Senators Bill Hagerty, Kirsten Gillibrand, Cynthia Lummis, and Angela Alsobrooks. The committee is scheduled to vote on the legislation on March 13.  “This bipartisan agreement — the result of negotiations with - [White House Crypto Summit Signals Policy Shift, Industry Optimistic](https://news.shib.io/2025/03/11/white-house-crypto-summit-signals-policy-shift-industry-optimistic/): The recent White House Crypto Summit has sparked mixed reactions from investors and the crypto community, who were hoping for more details on President Donald Trump’s plans for crypto regulation and innovation. Despite this, attendees left the event feeling optimistic and encouraged by the discussions that took place. Fox Business journalist Eleanor Terrett reported that the four-hour event brought together industry leaders, lawmakers, and senior officials, all of whom expressed confidence that the Trump administration would provide clearer guidance on crypto regulation in the near future. Chris Giancarlo, former chair of the Commodity Futures Trading Commission (CFTC), who participated in - [Thailand SEC Grants Approval for Tether and USDC Trading](https://news.shib.io/2025/03/11/thailand-sec-grants-approval-for-tether-usdt-and-usdc-trading/): Thailand’s Securities and Exchange Commission (SEC) has granted approval for Tether (USDt) and Circle (USDC) to be listed on regulated exchanges, marking a significant step for stablecoins in the country’s financial ecosystem. Thailand’s SEC previously approved cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP, and Stellar (XLM) for use in settlements by the country’s central bank. The latest decision to allow USDt and USDC follows a public consultation on regulatory updates, which were finalized in February and are set to take effect on March 16. This decision aims to establish a strong regulatory framework that supports investors, businesses, and the - [The Metaverse and the Future of Entertainment: Virtual Experiences](https://news.shib.io/2025/03/11/the-metaverse-and-the-future-of-entertainment-virtual-experiences/): Imagine watching a concert where you’re not just in the crowd — you’re on stage with your favorite artist, all from your living room. This is the promise of the metaverse, a virtual world where people can interact, work, and play through digital avatars. Once a concept found in sci-fi, the metaverse is now shaping the future of entertainment, allowing users to explore immersive gaming, live concerts, interactive movies, and even virtual theme parks. As technology advances, these digital experiences are becoming more realistic and accessible, making the metaverse a key player in the evolution of entertainment. Whether through virtual - [Shiba Inu Trading Volume Surges, Breakout Speculations Mounts](https://news.shib.io/2025/03/11/shiba-inu-trading-volume-surges-breakout-speculations-mounts/): A battle brews on the Shiba Inu charts. Trading volume soars, “whale” investors make massive moves, and the question on everyone’s mind is: can $SHIB finally break through key resistance and ignite a new rally? Shiba Inu Trading Volume, Whale Activity Shiba Inu experienced a dramatic surge in trading activity over the past week, prompting speculation about a potential price breakout. Daily trading volume reached $486.25 million, a 57.81% increase, according to recent data from CoinMarketCap.  This heightened activity coincided with a significant increase in large transactions, often attributed to “whales” – investors holding substantial amounts of the cryptocurrency. Data - [Crypto Market Slides as Macroeconomic Fears Rattle Investors](https://news.shib.io/2025/03/11/crypto-market-slides-as-macroeconomic-fears-rattle-investors/): Bitcoin, Ethereum and the broader crypto market see significant declines, driven by outflows from spot ETFs and growing expectations of aggressive Federal Reserve rate cuts. The crypto market faced a sharp downturn, with Bitcoin and Ethereum posting significant weekly losses, as a wave of macroeconomic uncertainty prompts investors to pull back from digital assets. The shift reflected a broader “risk-off” sentiment, fueled by concerns over global economic growth and expectations of more aggressive monetary easing by central banks. Bitcoin and Ethereum Lead the Crypto Market Slide Bitcoin (BTC), the world’s largest crypto asset by market capitalization, closed the week at - [Sam Bankman-Fried Sent to Solitary After Tucker Carlson Interview](https://news.shib.io/2025/03/10/sam-bankman-fried-sent-to-solitary-after-planned-tucker-carlson-interview/): Sam Bankman-Fried, the former FTX CEO, has reportedly been placed in solitary confinement following his unauthorized Tucker Carlson interview. This fueled speculation that he is seeking a presidential pardon. According to the New York Times, a U.S. Bureau of Prisons representative confirmed Bankman-Fried’s interview at Brooklyn’s Metropolitan Detention Center was unauthorized. He has been in custody at the facility for 18 months. Federal prison regulations impose strict controls on inmate communications, outlining specific rules on who can contact them and the permitted methods of communication. Bankman-Fried’s interview on Carlson’s YouTube channel quickly drew widespread attention, garnering over 730,000 views. While - [Michael Saylor Urges US to Buy 25% of Bitcoin Supply by 2035](https://news.shib.io/2025/03/10/michael-saylor-urges-us-to-buy-25-of-bitcoin-supply-by-2035/): MicroStrategy co-founder Michael Saylor has proposed that the U.S. government secure 25% of the total Bitcoin supply over the next decade as part of the newly established Strategic Bitcoin Reserve. In Saylor’s proposal, “A Digital Assets Strategy to Dominate the 21st Century Global Economy”, the Bitcoin advocate outlined a plan for the U.S. government to amass 25% of the total Bitcoin supply by 2035. By that time, 99% of all Bitcoin will have been mined, making strategic accumulation a key factor in maintaining economic dominance. Saylor presented his proposal to President Donald Trump, key government officials, and international cryptocurrency leaders - [How dApps and Web3 Are Changing the Internet’s Future](https://news.shib.io/2025/03/10/how-dapps-and-web3-are-changing-the-internets-future/): The internet is changing, and dApps and Web3 are leading the way. Unlike the traditional internet (Web2), where big companies control platforms and data, Web3 uses blockchain to create a decentralized, transparent, and user-driven online world. A key part of Web3 is decentralized applications (dApps) — apps that run on blockchain networks instead of centralized servers. Unlike traditional apps like Facebook or Google, which are controlled by single companies, dApps operate without a central authority, giving users more control over their data, privacy, and digital assets. dApps are already changing industries like finance, gaming, and social media by removing middlemen, - [Robert Kiyosaki Claims His Stock Market Crash Prediction Is Happening](https://news.shib.io/2025/03/10/robert-kiyosaki-claims-his-predicted-stock-market-crash-has-arrived/): Robert Kiyosaki, the author of the bestselling book Rich Dad Poor Dad, has claimed that a stock market crash he had predicted over a decade ago has now become a reality. In a post on X, the financial educator reiterated a prediction he made in his 2014 book Rich Dad’s Prophecy, warning of an impending stock market collapse. He believes that the anticipated crash has arrived, posing a significant threat to the financial security of millions of baby boomers worldwide. IN Rich Dads Prophecy, published in 2014 I predicted the biggest stock market crash was still coming. Unfortunately that crash - [David Sacks Rejects Proposed Crypto Tax for US Bitcoin Reserve](https://news.shib.io/2025/03/10/david-sacks-rejects-proposed-crypto-tax-for-us-bitcoin-reserve/): White House Crypto Czar David Sacks has rejected crypto tax proposals aimed at building the newly established U.S. Strategic Bitcoin Reserve. The idea has also drawn strong criticism from the crypto community, with many warning that even a minimal transaction tax could slow adoption. Sacks dismissed the idea of a 0.01% tax on cryptocurrency transactions during a recent interview on the All-In Podcast. Host Jason Calacanis floated the proposal, but Sacks warned that even a minimal tax could pave the way for future increases, placing a growing burden on the crypto industry. Sacks compared the proposed cryptocurrency transaction tax to - [The Shib News Recap: Friday](https://news.shib.io/2025/03/07/the-shib-news-recap-friday-6/): Today’s coverage by The Shib Daily focuses on the unfolding story of the U.S. Bitcoin Reserve announcement, detailing what can be expected moving forward and capturing the critical voices that have emerged in response. Trump’s Strategic Bitcoin Reserve: A ‘Digital Fort Knox’ or a Rehash of Old Policy? President Trump has signed an executive order to form a Strategic Bitcoin Reserve and a Digital Asset Stockpile. This initiative will retain seized Bitcoin as a long-term asset, described as a “digital Fort Knox.” The Secretaries of Treasury and Commerce will create budget-neutral strategies for additional Bitcoin purchases. The stockpile will only - [Blockchain in Action: The Latest Blockchain Use Cases Worldwide](https://news.shib.io/2025/03/07/blockchain-in-action-the-latest-blockchain-use-cases-worldwide/): Imagine a world where transactions are secure, transparent, and tamper-proof — this is the power of blockchain. At its core, blockchain is a digital ledger that records information across a decentralized network, preventing fraud and ensuring trust. While most people associate it with cryptocurrencies like Bitcoin, blockchain use cases extend far beyond digital money, transforming industries like finance, healthcare, and supply chain management. Blockchain is transforming industries by improving security, efficiency, and transparency. Banks use it for faster and safer transactions, healthcare providers secure patient records, and supply chains track products in real time. Governments, real estate firms, and even - [Trump Executive Order Creates US Bitcoin Reserve & Crypto Stockpile](https://news.shib.io/2025/03/07/trumps-executive-order-creates-u-s-bitcoin-reserve-amp-crypto-stockpile/): President Donald Trump has signed an executive order to create a Strategic Bitcoin Reserve and a Digital Asset Stockpile, both funded by cryptocurrency seized in government criminal cases. In a March 7 X post, White House AI and Crypto Czar David Sacks shared the news of President Trump’s signing. “The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings. This means it will not cost taxpayers a dime,” he wrote.  The U.S. government holds approximately 200,000 Bitcoin (BTC) worth $16.92 billion, but a full audit has - [Senator Tim Scott Challenges Reputational Risk Rules in Banks](https://news.shib.io/2025/03/07/senator-tim-scott-moves-to-block-bank-rules-on-reputational-risk/): Republican Senator Tim Scott has introduced legislation aimed at limiting regulators from considering reputational risk when overseeing banks. The legislation could enhance banking access for crypto firms and various other industries. The Financial Integrity and Regulation Management Act aims to tackle concerns that banks are denying services to certain customers based on political influence or public perception rather than financial criteria, a practice otherwise known as “debanking.” Debanking is a practice where banks may choose not to do business with clients that pose “reputational risks.” The Federal Reserve defines reputational risk as “the potential that negative publicity regarding an institution’s - [David Sacks Calls US Government’s Sale of Bitcoin a 'Costly Mistake'](https://news.shib.io/2025/03/07/david-sacks-criticizes-us-governments-sale-of-bitcoin-as-costly-mistake/): White House AI and Crypto Czar David Sacks has criticized the U.S. government’s sale of Bitcoin, arguing that liquidating confiscated holdings over the years was a strategic misstep that cost taxpayers billions in potential value. In a post on X, Sacks voiced his frustration over the government’s handling of its Bitcoin holdings, claiming that past sales brought in $366 million but could have been worth significantly more if retained. “The federal government sold approximately 195,000 bitcoin for proceeds of $366 million. If the government had held the bitcoin, it would be worth over $17 billion today,” Sacks wrote, arguing that - [Crypto Rug Pulls Targeted in NY Lawmakers’ Proposed Crackdown Bill](https://news.shib.io/2025/03/07/new-york-lawmakers-propose-bill-to-crack-down-on-crypto-rug-pulls/): New York lawmakers have introduced a bill to protect investors by cracking down on scams such as crypto rug pulls and private key theft, imposing stricter penalties. Assemblymember Clyde Vanel, chair of the New York Assembly’s Banks Committee, introduced Bill A06515 on March 5, aiming to strengthen penalties for cryptocurrency fraud. The legislation seeks to amend state law by criminalizing deceptive practices involving virtual tokens, addressing concerns over investor protection in the growing digital asset market. The proposed legislation would make it illegal for developers to sell more than 10% of a virtual token’s total supply within five years of - [Strategic Bitcoin Reserve Draws Fire: 'Nothing New,' Critics Say](https://news.shib.io/2025/03/07/strategic-bitcoin-reserve-draws-fire-nothing-new-critics-say/): President Trump’s signing of an Executive Order on March 6, 2025, establishing a “Strategic Bitcoin Reserve” and prohibiting the sale of seized cryptocurrency, draws fire from critics. While the administration hails the move as groundbreaking, skepticism arises from some quarters, with critics questioning its novelty, impact, and even its motives. The order directs the Treasury Department to consolidate all Bitcoin seized by federal agencies into a single reserve, which, according to the order, “shall not be sold.” The administration, through AI and Crypto Czar David Sacks, frames the reserve as a “digital Fort Knox” and a cost-free initiative, as it - [The Shib News Recap: Thursday](https://news.shib.io/2025/03/06/the-shib-news-recap-thursday-8/): The Shib Daily highlights crucial crypto news this Thursday, including regulatory changes in a major economy, remarkable political involvement that could influence policy and industry trends, an initiative that could affect energy markets and the crypto mining industry, and a controversial maneuver from a key organization. Russia Explores Regulated Crypto Trading for Select Investors  The Ministry of Finance and Central Bank of Russia are exploring an experimental legal regime (ELR) for crypto trading, focusing on “super-qualified” investors. Alexei Yakovlev mentioned that the criteria for these investors are still under development. This new category will consist mostly of professional market participants and - [Russia Crypto Trading to Be Regulated, But Only for Elite Investors](https://news.shib.io/2025/03/06/russia-crypto-trading-to-be-regulated-but-only-for-elite-investors/): Russia’s Ministry of Finance and Central Bank of Russia have begun discussions on introducing crypto trading under an experimental legal regime (ELR), specifically targeting “super-qualified” investors as potential participants. According to Russian news agency Interfax, Alexei Yakovlev, Director of the Financial Policy Department at the Ministry of Finance, stated that the criteria for qualified investors to participate in crypto trading are still in the development stage. “When we talk about digital currency trading, it’s not just an idea – it’s a task that has been set. We hope it will be implemented soon, most likely in the format of an - [Ripple 'Pushed' for Solana’s Inclusion in Crypto Reserve - Reports](https://news.shib.io/2025/03/06/rumors-claim-ripple-pushed-for-solanas-inclusion-in-crypto-reserve/): Reports have suggested that Ripple Labs Inc. executives, including CEO Brad Garlinghouse and Chief Legal Officer Stu Alderoty, have allegedly pitched Solana (SOL) to President Donald Trump for inclusion in the proposed U.S. Crypto Reserve. Rumors have it that Ripple’s decision aimed to bolster the legitimacy of XRP, the cryptocurrency issued by the company, in the proposed U.S. Crypto Reserve amid concerns that excluding other well-established altcoins could be perceived as “problematic.” The addition of SOL also reinforced Ripple’s position as a proponent of a reserve that incorporates multiple American-based digital assets. President Trump’s announcement of a proposed Crypto Reserve, - [Trump Crypto Summit: Key Industry Leaders Invited, Others Left Out](https://news.shib.io/2025/03/06/trumps-crypto-summit-key-industry-leaders-invited-others-left-out/): The guest list for the White House Crypto Summit has been unveiled, featuring prominent industry leaders, while some key figures remain absent. As the event approaches, the list continues to expand, drawing attention to the administration’s approach to digital asset discussions. According to Fox Business journalist Eleanor Terrett, the March 7 Crypto Summit is expected to host around 20 to 25 participants. Two sources familiar with the event indicated that the gathering will be smaller than initially expected. The Crypto Summit will take place at the White House in a roundtable format, featuring key members of the Presidential Working Group - [Belarus to Use Surplus Energy for Crypto Mining, Says Pres. Lukashenko](https://news.shib.io/2025/03/06/belarus-to-use-surplus-energy-for-crypto-mining-says-pres-lukashenko/): Belarusian President Alexander Lukashenko has ordered Energy Minister Aleksei Kushnarenko to develop the country’s crypto mining industry, emphasizing the use of excess electricity to power mining operations while strengthening Belarus’ energy grid. According to a March 4 report by Belarusian media outlet BelTA, President Lukashenko issued instructions to Kushnarenko, who recently assumed his role. “If it is profitable for us, let’s do it. We have excess electricity. Let them make this cryptocurrency and so on. Moreover, you see the path the world is going,” Lukashenko said, according to the translated version of the report. President Lukashenko cited the United States - [Why Schools Should Start Teaching Financial Literacy with Blockchain Basics](https://news.shib.io/2025/03/06/why-schools-should-start-teaching-financial-literacy-with-blockchain-basics/): Money is everywhere, yet most schools barely teach students how to manage it. Financial literacy — the ability to understand and use financial skills like budgeting, saving, investing, and responsible spending — is essential for navigating adult life. Without it, many young people struggle with debt, bad financial decisions, and a lack of preparedness for the future. Teaching financial literacy in schools helps students build smart money habits early, giving them the tools to achieve financial independence and stability. At the same time, the way we use money is changing, and blockchain technology is playing a big role in that - [Next Era of Play](https://news.shib.io/2025/03/05/next-era-of-play/): Read the latest edition of The Shib Magazine here. - [Will Web3 Kill Traditional Social Media? The Future of Online Communities](https://news.shib.io/2025/03/05/will-web3-kill-traditional-social-media-the-future-of-online-communities/): Is the future of social media shifting from corporate giants to user-owned networks? For years, platforms like Facebook, Instagram, and Twitter have dominated how we connect, share, and engage online. These traditional social media platforms operate on centralized systems, meaning companies control user data, algorithms, and content moderation. While they have connected billions of people worldwide, they also face criticism for data privacy concerns, censorship, and the monetization of user content without direct creator rewards. Now, Web3 is emerging as an alternative — a decentralized approach to social media built on blockchain technology. Instead of a single company owning the - [Reddit Founder Backs TikTok US Bid](https://news.shib.io/2025/03/05/reddit-founder-backs-tiktok-us-bid/): Alexis Ohanian, co-founder of Reddit, has backed a bid to acquire TikTok U.S. operations, aiming to decentralize the platform and put users in control of their data. In a post on X, Ohanian revealed that he is among those involved in efforts to transition TikTok to a blockchain-based platform. “I’m officially now one of the people trying to buy TikTok U.S.,” Ohanian wrote. Ohanian has joined billionaire Frank McCourt and Project Liberty in their bid to acquire TikTok’s U.S. operations. The plan aims to shift the platform from centralized data control to a blockchain-based system, allowing users — not corporations - [SEC Offers $50K Buyout to Employees Amid DOGE Federal Job Cuts](https://news.shib.io/2025/03/05/sec-offers-50k-buyout-to-employees-amid-federal-job-cuts-by-doge/): The U.S. Securities and Exchange Commission (SEC) has offered its employees a $50,000 incentive to resign or retire, as the agency undergoes a wave of staffing changes.  A Bloomberg report revealed that SEC Chief Operating Officer Ken Johnson informed employees via email that the agency is offering a voluntary separation and retirement incentive. The program encourages staff members to resign or retire by April 4 in exchange for a financial package. SEC employees who joined the agency in January 2024 are eligible for the incentive program, with a March 21, 2025, deadline to accept the offer. Under the program, employees - [SEC Drops Cumberland DRW Crypto Trading Lawsuit](https://news.shib.io/2025/03/05/sec-drops-lawsuit-against-cumberland-drw-over-crypto-trading-claims/): The U.S. Securities and Exchange Commission (SEC) has reached a preliminary agreement to drop its case against Cumberland DRW, the crypto trading arm of Chicago-based DRW. The decision is now pending final approval from the agency. On March 4, Cumberland announced in an X post that it had signed a joint filing with the SEC, reaching a preliminary agreement to dismiss the case. “As a firm deeply committed to the principles of integrity and transparency, we look forward to continuing our dialogue with the SEC to help shape a future where technological advancements and regulatory clarity go hand in hand, - [Lazarus Group 'Launders' $1.5B Bybit Hack Funds Using THORChain DEX](https://news.shib.io/2025/03/05/lazarus-group-launders-1-5b-bybit-hack-funds-using-thorchain-dex/): The North Korean-affiliated Lazarus Group has allegedly fully laundered funds stolen in the recent Bybit hack, transferring 500,000 Ethereum (ETH) primarily into Bitcoin (BTC). Blockchain security analysts identify Lazarus Group as the main suspect behind the attack. Blockchain security firm Arkham Intelligence reported that THORChain, a decentralized cross-chain liquidity protocol, has processed over $5.5 billion in transaction volume following the February 21 Bybit hack.  Bybit Co-founder and CEO, Ben Zhou, shared in a post on X that the hackers primarily utilized THORChain to convert ETH into BTC  following the breach.  Despite surpassing $5 million in revenue, the THORChain protocol has - [FTX/Alameda Unstakes 3.03M SOL, Raising Concerns Over Potential Impact](https://news.shib.io/2025/03/04/ftx-alameda-unstakes-3-03m-sol-raising-concerns-over-potential-impact/): FTX/Alameda has unstaked 3.03 million Solana (SOL) raising concerns about potential market pressure due to large transfers often signaling upcoming price changes. Blockchain analytics platform Lookonchain reported that approximately $41.3 million worth of SOL was transferred to multiple crypto wallets.  Of the 3.03 million unstaked SOL 24,799 SOL ($3.38M) has already been deposited to the crypto exchange Binance, liquidating the asset.  The trading impact of this development is significant. The recent surge in price and trading volume suggests increased market activity, possibly signaling buying pressure on SOL. The transfer of such a large amount of SOL may indicate that FTX/Alameda - [3 Key Industries Disrupted by Web3 Today](https://news.shib.io/2025/03/04/3-key-industries-disrupted-by-web3-today/): Imagine an internet that’s decentralized, transparent, and empowering for individuals. This is Web3 — a new version of the internet transforming how we interact with technology, finance, and content. Web3 is powered by blockchain technology, a secure, transparent ledger that eliminates the need for central authorities like banks or tech companies. It uses smart contracts, automated agreements that execute when conditions are met, allowing direct peer-to-peer transactions. Web3 is disrupting industries like supply chains, content creation, and gaming, offering lower costs, greater transparency, and more control to users. This is prompting businesses to explore how these industries disrupted by Web3 - [Bitwise Files for Spot DOGE ETF, Paving Way for Mainstream Access](https://news.shib.io/2025/03/04/bitwise-files-for-spot-doge-etf-paving-way-for-mainstream-access/): The New York Stock Exchange Arca (NYSE) has proposed a rule change to list and facilitate the trading of shares for the Bitwise Asset Management Dogecoin (DOGE) exchange-traded fund (ETF). A subsidiary of the NYSE filed the 19b-4 proposal on March 3, which, pending approval from the U.S. Securities and Exchange Commission (SEC), would allow the exchange to list the Bitwise Dogecoin ETF, providing investors with direct exposure to the popular meme coin. “Pursuant to the provisions of Section 19(b)(1) of the Securities Exchange Act of 1934, as amended (the “Act” or “’34 Act”) and Rule 19b-4 thereunder, NYSE Arca, - [SEC Agrees to Dismiss Kraken Lawsuit, No Penalties Imposed](https://news.shib.io/2025/03/04/sec-agrees-to-dismiss-kraken-lawsuit-no-penalties-imposed/): The U.S. Securities and Exchange Commission (SEC) has agreed in principle to drop its Kraken lawsuit, signaling a shift toward a more cooperative regulatory approach under the current administration. In a March 3 blog post, Kraken announced that the case would be dismissed with prejudice, meaning it cannot be reopened. The exchange stated that it would not admit to any wrongdoing, pay any penalties, or alter its business operations. Kraken described the SEC’s decision as a pivotal moment for the future of cryptocurrency in the U.S. The exchange emphasized that this move marks the end of a “wasteful, politically motivated - [Peter Schiff Calls for Congressional Investigation Into Trump Crypto Scheme](https://news.shib.io/2025/03/04/peter-schiff-calls-for-congressional-investigation-into-alleged-crypto-scheme/): American economist Peter Schiff has called for a congressional investigation into what he describes as the largest cryptocurrency “rug pull” in history, with former President Donald Trump allegedly having a hand in it. In a post on X, Schiff stated that an investigation into the alleged pump-and-dump scheme is “warranted.” Schiff’s call comes after controversial posts on former President Trump’s Truth Social account, which are said to have played a role in a pump-and-dump scheme. “Who authored the two Sunday afternoon posts on the President’s Truth Social account? Who knew about the first post in advance, and when were they - [The Shib News Recap: Monday](https://news.shib.io/2025/03/03/the-shib-news-recap-monday-5/): Today’s top headlines cover analyses of Shiba Inu (SHIB) price trends, a botched crypto deal in Jeju City leading to the murder of a Chinese investor, the arrest of three scammers in Assam, and intense debates surrounding the U.S. Crypto Reserve. Shiba Inu Price Analysis: Key Support Levels and Potential Trends Recent technical analysis pinpoints important price levels for Shiba Inu (SHIB). Analyst BlueCrypto reports that SHIB has sustained local support at $0.00001345 but warns that a higher level is necessary for upward momentum. He cautions that failure to hold the new local support at $0.00001465 could lead to a bearish - [Amouranth Doubts Return to Streaming After Crypto Home Invasion](https://news.shib.io/2025/03/03/amouranth-doubts-return-to-streaming-after-crypto-home-invasion/): Popular streamer Amouranth questions her future in online content creation following a violent crypto-motivated home invasion, raising concerns about the safety of public figures in the digital age. The violent attack, which took place at the streamer’s (real name Kaitlyn Siragusa) Houston home on March 2, has left the streamer shaken and uncertain about her career. Responding to a follower’s suggestion on X (formerly Twitter) that she “log off the internet for a while,” Amouranth stated, “Truth be told I don’t know if I’ll ever be back.”  Amouranth Describes Terrifying Crypto Home Invasion on X In a series of harrowing - [Binance to Delist USDT Trading Pairs in EEA, Keeps Deposits/Withdrawals Open](https://news.shib.io/2025/03/03/binance-to-delist-usdt-trading-pairs-in-eea-keeps-deposits-withdrawals-open/): European Economic Area (EEA) users of Binance face changes to USDT trading, as the exchange removes trading pairs while ensuring continued access to deposits and withdrawals. The changes, announced by Binance, are in preparation for the upcoming Markets in Crypto-Assets (MiCA) regulations within the European Union. While the delisting of USDT trading pairs might initially seem restrictive, Binance is emphasizing that this is a trading adjustment, not a restriction on user funds. Binance USDT Trading Pair Adjustments in the EEA Effective March 31, 2025, at 23:59 (UTC), Binance will remove all spot trading pairs that include USDT for users within - [The Shib Crypto Recap: Friday](https://news.shib.io/2024/11/22/the-shib-crypto-recap-friday-4/): Recent developments in the cryptocurrency space include increased institutional and mainstream adoption, signaling a shift in investor sentiment. In the same breath, news of SEC leadership changes and a surge in phishing attacks are gaining traction. Meanwhile, a surge in Shibarium’s total value locked (TVL) highlights the strong performance of its key DeFi protocols. Institutional Adoption of Cryptocurrency and SEC Leadership Talks   Charles Schwab Corp. is preparing to join the spot cryptocurrency market, highlighting the asset class’s rising legitimacy. Incoming CEO Rick Wurster shared his personal perspective, admitting he hasn’t purchased crypto and now feels “silly,” during a Bloomberg - [Trump Media's 'TruthFi' Trademark Filing Hints at New Crypto Payment Service](https://news.shib.io/2024/11/22/trump-medias-truthfi-trademark-filing-hints-at-new-crypto-payment-service/): Trump Media & Technology Group (TMTG), the company behind Truth Social, has filed for a trademark for TruthFi, described as a platform intended to provide cryptocurrency payment solutions. This development represents the latest indication of the president-elect’s support for the cryptocurrency industry. The application, which was filed with the U.S. Patent and Trademark Office (USPTO) on Monday, outlined a platform designed to facilitate payment processing for cryptocurrency and fiat currencies, provide financial custody solutions, and enable trading of digital assets. Josh Gerben, a trademark attorney from Washington, told The New York Times that Trump Media’s filing aimed to secure the - [Teresa Goody Guillén Pushes for SEC Overhaul as Gensler Prepares to Exit](https://news.shib.io/2024/11/22/teresa-goody-guillen-pushes-for-sec-overhaul-as-gensler-prepares-to-exit/): Teresa Goody Guillén, the potential replacement to current U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler, responded on X to an official press release announcing the latter’s upcoming departure from the agency. Guillén stated that the SEC must restore trust, engage with industry, and end regulation by enforcement. “Make The SEC Great Again. Make Crypto Great Again,” Guillén tweeted, echoing President-Elect Donald Trump’s popular slogan. She also emphasized the move to protect investors and the country’s place on the world financial stage.  In a speech by Trump during the Bitcoin Conference 2024, he vowed to remove Gensler from his - [Spot Solana ETF Moves Closer to SEC Approval as Talks Advance](https://news.shib.io/2024/11/22/spot-solana-etf-moves-closer-to-sec-approval-as-talks-advance/): The U.S. Securities and Exchange Commission (SEC) is advancing discussions with issuers over the potential launch of a spot Solana ETF (exchange-traded fund) as it begins reviewing S-1 applications. Fox Business Journalist Eleanor Terrett, reports that global investment manager VanEck, 21Shares, and Canary Capital have all filed S-1’s for a Solana ETF. In addition, Bitwise Asset Management recently revealed plans to file an S-1, further expanding the number of firms seeking regulatory approval for cryptocurrency-related products. Terrett also writes that there is a “good chance” that 19b-4 filings will be made on behalf of prospective issuers, the next step in - [Scattered Spider Hacking Group Charged in Million-Dollar Multi-County Crypto Phishing Heist](https://news.shib.io/2024/11/22/scattered-spider-hacking-group-charged-in-million-dollar-multi-county-crypto-phishing-heist/): U.S. federal prosecutors have charged five individuals accused of stealing $11 million in cryptocurrency and sensitive data from people and businesses across multiple countries. On November 20, 2024, the California U.S. Attorney’s Office revealed charges against the group, alleging that they using phishing scams and SIM-swapping techniques to illegally access their victims’ accounts. Dubbed “Scattered Spider,” the hacking group victimized at least 29 individuals, with one even losing more than $6.3 million in cryptocurrency. Prosecutors also said that the group targeted 45 companies across the United States, Canada, India, and the United Kingdom. The defendants Ahmed Hossam Eldin Elbadawy (23) - [Charles Schwab Crypto Bet: A $8.85 Trillion Giant Prepares to Take the Plunge](https://news.shib.io/2024/11/22/charles-schwab-crypto-bet-a-8-85-trillion-giant-prepares-to-take-the-plunge/): The seismic shift in the crypto landscape continues, this time with a giant entering the fray. Charles Schwab Corp., a name synonymous with established finance, is preparing to enter the spot cryptocurrency market, a move signaling a profound acknowledgment of the asset class’s growing legitimacy and a strategic repositioning for one of Wall Street’s titans. Charles Schwab: Shift in Strategy? The seismic shift in the crypto landscape continued with a giant entering the fray. Charles Schwab Corp., a name synonymous with established finance, prepared to enter the spot cryptocurrency market, signaling a profound acknowledgment of the asset class’s growing legitimacy - [Shibarium Dominates: Crushing TVL Records, Surpassing 8M Blocks](https://news.shib.io/2024/11/22/shibarium-dominates-crushing-tvl-records-surpassing-8m-blocks/): Shibarium is shattering expectations, currently boasting a record-breaking Total Value Locked (TVL) and surpassing 8 million blocks. The Layer-2 scaling solution of the Shiba Inu ecosystem is demonstrating undeniable growth, outpacing predictions and solidifying its position in the crypto landscape. Shibarium: New TVL All-Time High Shibarium achieved a record-high Total Value Locked (TVL) of $8.12 million, according to data from DeFiLlama. This surge underlined strong performance across its key decentralized finance (DeFi) protocols, signaling growing investor confidence and expanding utility within the network. Leading the charge is K9 Finance DAO, a cross-chain liquid staking platform, which currently holds $3.57 million - [BONE ARMY RISES](https://news.shib.io/2024/11/22/bone-army-rises/): Read the latest edition of The Shib magazine here. - [The Shib Crypto Recap: Thursday](https://news.shib.io/2024/11/22/the-shib-crypto-recap-thursday-4/): Today’s crypto news highlights essential themes related to crypto’s far-reaching implications for governance and trust in financial systems, outcomes for key figures involved in crypto fraud, and the convergence of crypto and politics. Looking at the bright side, Shiba Inu (SHIB) is positioned for a substantial price leap as highlighted by an analyst’s forecast, and Shib Games has introduced the play-to-win mechanics of Shiba Inu Web3 games. Ex-CSRC Official in Hot Water Over Cryptocurrency Bribery Case Yao Qian, the former director of the science and technology supervision unit of the China Securities Regulatory Commission (CSRC), is embroiled in a cryptocurrency - [DeLorean Labs and Shiba Inu Team Up for Exclusive NFT-Chipped Action Figure Giveaway](https://news.shib.io/2024/11/21/delorean-labs-and-shiba-inu-team-up-for-exclusive-nft-chipped-action-figure-giveaway/): DeLorean Labs, in a move that’s revving up excitement in both the automotive and crypto communities,  has announced a unique collaboration with the Shiba Inu crypto project.  Two iconic brands collide in an unexpected giveaway. DeLorean and Shiba Inu are offering fans the chance to win exclusive action figure sets, hinting at a deeper collaboration. The initiative will see the release of 388 rare, custom-designed SHIB X DeLorean action figure sets, exclusively available as part of the DeLorean Time Capsule NFT prize pool. This exciting initiative is made possible through a partnership with ShibaCals, a platform revolutionizing the connection between - [How to Chase Glory in Shiba Eternity Web3 Tournaments Without Losing Your Tail](https://news.shib.io/2024/11/21/how-to-chase-glory-in-shiba-eternity-web3-tournaments-without-losing-your-tail/): So, you’ve been sharpening your deck in Shiba Eternity Web3 and feel ready to take on the big leagues? Tournaments are where the real card-slinging action happens, and luckily, getting involved is less complicated than teaching a Shiba to sit (and actually stay). First, sniff out the Tournaments Tab in the main menu—it’s your gateway to competitive card glory. Browse the events list, check out the entry requirements, and make sure your deck is ready for the challenge. Some tournaments are free, while others might demand a small entry fee, so be sure to pick one that fits your ambitions - [Ex-China Banking Official Yao Qian Named in Massive Crypto Bribery Scandal](https://news.shib.io/2024/11/21/ex-china-banking-official-yao-qian-named-in-massive-crypto-bribery-scandal/): Yao Qian, the former director of the science and technology supervision unit of the China Securities Regulatory Commission (CSRC), has been named in a high-profile cryptocurrency bribery scandal. The ex-official was accused of accepting bribes through cryptocurrencies, facilitating transactions involving the exchange of power for money. According to the country’s anti-corruption watchdog, the Central Commission for Discipline Inspection (CCDI), Yao disregarded politics, sought fame, “posed as a financial technology expert,” becoming a key target for those seeking to exploit his influence. The Paper writes that during his tenure at the CSRC, he misused his position to facilitate business expansion for tech - [Is Shiba Inu About to Explode? Over 55% Gains Predicted](https://news.shib.io/2024/11/21/is-shiba-inu-about-to-explode-over-55-gains-predicted/): Shiba Inu (SHIB) is teetering on the edge of a massive 55% price breakout, as technical patterns signal a potential surge to $0.000037—if the token can conquer the crucial $0.000025 resistance level, according to a recent forecast. Technical and on-chain analyst Ali Martinez shared to his over 85,000 followers on Thursday a new forecast on the price of Shiba Inu, highlighting the potential double-digit surge of around 55% from the token’s current price should it breakthrough the $0.000025 resistance. The core of Martinez’s prediction centers on a technical pattern known as a “bull flag.” This pattern, clearly visible on the - [Shib Games Drops Game-Changing Announcement—Play to Win!](https://news.shib.io/2024/11/21/shib-games-drops-game-changing-announcementplay-to-win/): Shib Games has just dropped a game-changing announcement that’s set to revolutionize the Web3 gaming world: play-to-win mechanics are now live! If you’ve ever fantasized about earning real rewards while playing your favorite Web3 games, it’s time to wake up and smell the crypto! Shiba Inu’s entire game lineup is now supporting play-to-win mechanics, and it’s not just about flexing your gaming skills anymore – you can actually win prizes. Yes, we’re talking about crypto tokens, in-game items, airdrops, and more. It’s the crypto gaming future, and it’s a whole lot more fun than you think. This new play-to-win feature - [Former FTX Exec Gary Wang Avoids Jail Time in Crypto Fraud Case](https://news.shib.io/2024/11/21/former-ftx-exec-gary-wang-avoids-jail-time-in-crypto-fraud-case/): Former FTX chief technology officer Gary Wang has evaded jail time. Despite his involvement in the cryptocurrency fraud orchestrated by former CEO Sam Bankman-Fried, a judge opted for leniency. According to reports, U.S. District Judge Lewis Kaplan sentenced Wang to three years of supervised release and required him to surrender funds linked to his involvement in the crypto scheme. In December 2022, Wang pled guilty to four felony counts of fraud and conspiracy. Wang was a prosecution witness and testified against Bankman-Fried in 2023 at the trial that led to the latter’s conviction on fraud and related charges.  In addition, - [Trump Team Eyes First-Ever White House Crypto Role](https://news.shib.io/2024/11/21/trump-team-eyes-first-ever-white-house-crypto-role/): U.S. President-elect Donald Trump’s team is reportedly discussing the implementation of a White House crypto role solely dedicated to digital assets.  Trump’s team is said to be consulting with industry leaders to assess whether the position is necessary. If established, it would mark the first time a U.S. administration has created an exclusive role at the highest levels of government focused specifically on digital assets. Bloomberg reports that talks of these developments and the vetting of potential candidates are reportedly taking place at Trump’s Mar-a-Lago residence. Additionally, reports indicated that the new position would oversee a small team tasked with - [Wednesday Crypto News Recap](https://news.shib.io/2024/11/21/wednesday-crypto-news-recap/): The cryptocurrency world was buzzing on Wednesday, with crypto news and developments spanning from market concerns to regulatory shifts.  Shiba Inu’s ecosystem remained in the spotlight, with revelations that a single whale now controls a staggering $2.5 billion in tokens, raising alarms about the centralization of power within the community. At the same time, Mint Club made a bold move by integrating Shiba Inu’s Shibarium blockchain into its platform, hoping to capitalize on the growing demand for scalable, low-cost transactions. In a positive moment for the Shiba Inu community, The Shib, the official publication of the Shiba Inu crypto project, - [Shiba Inu $2.5 Billion Secret: A Single Whale Reportedly Controls 10% of the Supply](https://news.shib.io/2024/11/20/shiba-inu-2-5-billion-secret-a-single-whale-controls-10-of-the-supply/): The veil lifts on the biggest secret of Shiba Inu. A single whale, hidden in plain sight, emerges with a $2.5 billion treasure trove, reportedly controlling 10% of the supply.  A new revelation exposed the massive holding this week, which sent ripples through the Shiba Inu community, raising questions about potential market manipulation and the true nature of decentralization. An enigmatic entity, or “whale,” has been identified holding a staggering 10% of the total supply of SHIB tokens, valued at approximately $2.5 billion, according to data unearthed by Bubblemaps, a web-based visualization tool used to track cryptocurrency flows. The Shiba - [Deepfakes of Trump, Musk, Used in Crypto Scam Ads, Russian Firm Reports](https://news.shib.io/2024/11/20/deepfakes-of-trump-musk-used-in-crypto-scam-ads-russian-firm-reports/): Russian company FACCT, developer of technologies to fight cybercrime, has reported that video and audio deepfakes of US President-elect Donald Trump had been used in fraudulent advertisements for fake cryptocurrency resources. FACCT reported that a new crypto scam bot had been circulating on a popular chat app that allowed users to “create deepfakes” using the faces of several famous celebrities. Apart from Trump, the bot also created deepfake videos of the Founder and CEO of SpaceX Elon Musk, and American journalist Tucker Carlson. Bot users could also create audio files featuring any text, up to 400 characters long.  The firm - [Mint Club Bets Big on Shibarium: A Calculated Move in the Decentralized Arena](https://news.shib.io/2024/11/20/mint-club-bets-big-on-shibarium-a-calculated-move-in-the-decentralized-arena/): Mint Club is making a strategic wager on Shibarium, betting that the layer-2 network’s speed, low cost, and vibrant Shiba Inu community will be a winning combination in the decentralized arena. Following Shiba Inu’s announcement that it is opening its doors to developers and ERC-20 tokens, Mint Club did not waste time and posted on X that it “successfully added Shibarium” to its platform. This integration allows users to create and manage tokens on Shibarium, leveraging Mint Club’s user-friendly interface and the network’s faster, cheaper transactions.  Mint Club’s marketing lead, Jay Jang, explained in an exclusive interview with The Shib - [Coinbase Delists Wrapped Bitcoin: A Power Play or a Necessary Move?](https://news.shib.io/2024/11/20/coinbase-delists-wrapped-bitcoin-a-power-play-or-a-necessary-move/): Coinbase is delisting Wrapped Bitcoin (WBTC), and the crypto world is asking: why? The move has sparked accusations of favoritism towards Coinbase’s own tokenized Bitcoin product, cbBTC, and ignited a broader discussion about the balance of power in the decentralized finance space. Coinbase Announces Delisting The delisting announcement, which occurred earlier this week, sent ripples of concern throughout the crypto community. Wrapped Bitcoin, a long-standing and widely used tokenized version of Bitcoin deeply integrated with various DeFi protocols, faced removal from a major cryptocurrency exchange. This threatened disruption to established systems and raised questions about Coinbase’s motives. The WBTC team - [Haru Invest Declares Bankruptcy After $1B Crypto Scam in South Korea](https://news.shib.io/2024/11/20/haru-invest-declares-bankruptcy-after-1b-crypto-scam-in-south-korea/): The Seoul Rehabilitation Court has officially declared Haru Management Limited, the operator of Haru Invest, bankrupt following a so-called “rug pull” incident that defrauded investors of 1.4 trillion won (approximately $1 billion USD).  Local news reports that Haru Invest enticed more than 16,000 investors by promising secure principal protection and offering high returns on cryptocurrency deposits between March 2020 and June 2023. However, in June 2023, the operation fell apart when the platform abruptly halted withdrawals, causing widespread panic. The company was then declared insolvent due to its inability to repay debts.  Despite the company’s incorporation in the British Virgin - [Crypto Romance Scam Dupes 71 Victims in $5M FBI Probe](https://news.shib.io/2024/11/20/crypto-romance-scam-dupes-71-victims-in-5m-fbi-probe/): The U.S. Federal Bureau of Investigation (FBI) has launched an inquiry into a $5 million crypto romance scam that defrauded 71 victims across the United States. Dubbed “pig butchering,” the operation targeted older adults by using fake social media profiles to build trust before convincing them to invest in fraudulent cryptocurrency platforms. The scammers involved were said to have posed as potential romantic partners through platforms such as WhatsApp, building trust with their victims over an extended period of time before encouraging them to shell out money.  Victims were then directed to Bitkanant, a fraudulent trading platform designed to mimic - [Trump's Reported SEC Pick Could Be Teresa Goody Guillén](https://news.shib.io/2024/11/20/trumps-reported-sec-pick-could-be-teresa-goody-guillen/): President-elect Trump’s transition team is reportedly eyeing Teresa Goody Guillén, a seasoned lawyer with deep experience in both the U.S. Securities and Exchange Commission (SEC) and the cryptocurrency industry, to become the next SEC chair. New SEC Chief? The news, first reported by CoinDesk, sent ripples through the crypto community, sparking a mixture of hope, apprehension, and intense speculation. Guillén, a partner at the law firm BakerHostetler and co-lead of its blockchain practice, possesses a unique background that perfectly straddles the traditional financial world and the burgeoning crypto sector.  Her resume boasts experience not only working within the SEC but - [Shaq's NFT Venture Concludes with $11 Million Settlement ](https://news.shib.io/2024/11/20/shaqs-nft-venture-concludes-with-11-million-settlement/): Eleven million dollars. That’s the price Shaquille O’Neal paid to settle a class-action lawsuit alleging the sale of unregistered securities through his promotion of the Astrals NFT project—a stunning blow that underscores the regulatory Wild West of the cryptocurrency market and the perilous risks of celebrity endorsements. The Astrals NFT Project Implodes The lawsuit, filed in September 2023, centered on O’Neal’s promotion of Astrals, a collection of 10,000 metaverse-ready 3D avatars. Plaintiffs argued persuasively that O’Neal’s celebrity was the project’s main selling point, directly inducing investors to purchase Astrals NFTs and GLXY tokens based on his endorsement.  They successfully contended - [Trump Just Put Shiba Inu on Everyone's Radar: What Happens Next?](https://news.shib.io/2024/11/20/trump-just-put-shiba-inu-on-everyones-radar-what-happens-next/): Shiba Inu, the meme-inspired cryptocurrency, finds itself unexpectedly entangled in the world of high finance and political maneuvering. Listed on Bakkt, a crypto trading platform reportedly targeted for acquisition by President- Donald Trump, SHIB’s future is now intertwined with the unpredictable trajectory of both a volatile market and an equally volatile political figure. The Bakkt Story Earlier this week, the Financial Times reported that Trump Media and Technology Group (TMTG) is in advanced talks to acquire Bakkt. The news sent Bakkt’s stock soaring, driven by speculation and the weight of Trump’s influence.  However, the platform itself faced challenges. Third-quarter 2024 - [The Shib Crypto Recap: Tuesday](https://news.shib.io/2024/11/19/the-shib-crypto-recap-tuesday-5/): This Tuesday, the major stories in crypto news focus on antitrust legal actions affecting the tech industry’s online services, shifts in crypto mining dynamics within Russia, and the impact of President-elect Trump’s foray into cryptocurrency exchanges. As for Shiba Inu updates, a cryptocurrency analyst predicts a potential major surge for Shiba Inu (SHIB), while Bone ShibaSwap (BONE) recorded trading volumes surpassing $22 million today. Federal Judge Supports DOJ’s Move to Break Google’s Chrome Monopoly The U.S. Department of Justice intends to ask a federal judge to order Google to sell its Chrome web browser in an antitrust case. This would - [Chrome Must Be Sold: DOJ Challenges Google in Antitrust Case](https://news.shib.io/2024/11/19/chrome-must-be-sold-doj-challenges-google-in-antitrust-case/): The U.S. Department of Justice is reportedly planning to request a federal judge to order Google to sell its Chrome web browser in an antitrust case. This action would aim to break up Google’s control over the browser market and potentially level the playing field for competitors. In August 2024, federal judge Amit Mehta ruled against Google’s search monopoly. “Google is a monopolist, and it has acted as one to maintain its monopoly,” Judge Mehta wrote in his 286-page ruling.  This latest action by the DOJ marks the most recent development in its ongoing antitrust case against Google. This comes - [Trump SocMed Firm Eyes Bakkt Crypto Exchange Takeover](https://news.shib.io/2024/11/19/trump-socmed-firm-eyes-bakkt-crypto-exchange-takeover/): Incoming U.S. President Donald Trump’s social media company is reportedly in advanced talks to buy crypto trading firm Bakkt.  According to the Financial Times, Trump Media and Technology Group (TMTG), the parent company of Truth Social, is nearing an all-share acquisition of Bakkt, a cryptocurrency trading platform owned by Intercontinental Exchange Inc. The FT cited two sources familiar with the discussions. The exact valuation being considered remains unclear, the report said. However, it is notable that Bakkt’s market capitalization was logged at just over $150 million as of Monday. Acquiring Bakkt could cement the Trump brand’s influence in the crypto - [Russia Targets Crypto Miners with 15% Tax and Stricter Oversight](https://news.shib.io/2024/11/19/russia-targets-crypto-miners-with-15-tax-and-stricter-oversight/): The Russian government has approved draft amendments to classify digital currency as taxable property, setting a maximum 15% income tax on cryptocurrency earnings and exempting transactions from value-added tax. The changes aim to regulate crypto mining and trading while balancing the interests of businesses and the state. According to a news release by Interfax, the income generated from crypto mining will be taxed based on its market value at the time of receipt. However, miners can still deduct any associated expenses, ensuring a fair and balanced tax calculation. Crypto and VAT Under the new regulations, cryptocurrency transactions will be exempt from - [BONE Trading Volume Skyrockets to Over $22 Million, Records Double-Digit Gain In 30D](https://news.shib.io/2024/11/19/bone-trading-volume-skyrockets-to-over-22-million-records-double-digit-gain-in-30d/): Bone ShibaSwap (BONE) is experiencing a meteoric rise, with over $22 million in trading volume recorded today and a double-digit gain over the last 30 days. The significant price surge in Bone ShibaSwap (BONE) wasn’t an isolated event but rather the culmination of a period of relative consolidation, suggesting a potential accumulation phase preceding the breakout. Analysis of the daily BONE/USDT chart revealed several key technical factors supporting the rally.  BONE Technical Indicators The recent surge in Bone ShibaSwap (BONE) wasn’t a sudden event but rather the culmination of a period of consolidation, suggesting a potential accumulation phase before the - [Shiba Inu Breakout Imminent? Analyst Forecasts Major $0.00003630 Price Surge](https://news.shib.io/2024/11/19/shiba-inu-breakout-imminent-analyst-forecasts-major-0-00003630-price-surge/): Could Shiba Inu (SHIB) be about to explode? A major crypto analyst believes so, forecasting a substantial price surge to $0.00003630. Is this the catalyst SHIB investors have been waiting for? Prominent analyst Carl Runefelt, known on X as @TheMoonCarl, predicted Shiba Inu could experience a potential rally to $0.00003630. Runefelt’s prediction centers on SHIB’s current consolidation within a descending wedge pattern.  This technical formation, often interpreted as a bullish reversal signal, suggests that downward pressure may soon abate, potentially paving the way for a significant price increase. A breakout above the wedge’s upper resistance line, according to the analyst, - [The Shib Crypto Recap: Monday](https://news.shib.io/2024/11/18/the-shib-crypto-recap-monday-5/): Today’s climate of cryptocurrency news is marked by regulatory shifts and concerns about the long-term prospects of Bitcoin. In tandem, institutional attitudes toward cryptocurrency are becoming increasingly nuanced. Meanwhile, the NFT space is not to be overlooked, as recent updates illustrate both challenges and opportunities that artists and collectors face. Collectively, these themes are steering public discourse and investment strategies within the cryptocurrency sector. Stronger Crypto Oversight in South Korea South Korea is imposing stricter rules on cryptocurrencies. Exchanges can now freeze transactions and seize digital assets from users who owe taxes. A new addition to the Virtual Asset User - [OKX Launches Fee-Free SGD Transfers for Singapore Users](https://news.shib.io/2024/11/18/okx-launches-fee-free-sgd-transfers-for-singapore-users/): OKX Singapore CEO Gracie Lin unveiled a new milestone for the crypto exchange, announcing that Singaporean users can now make instant, fee-free SGD deposits and withdrawals via PayNow and FAST payment services. This integration was made possible through a collaboration with DBS Group Holdings Ltd. DBS is one of the 27 banks and major financial institutions in Singapore participating in PayNow, a service that enables real-time, 24/7 money transfers through the Fast and Secure Transfers (FAST) network. “This is a big step towards making digital assets more accessible for everyone in the country,” Lin wrote in a blog published on - [Suspected Mexico Crypto Bot Scam Leaves Over 3,000 Investors High and Dry](https://news.shib.io/2024/11/18/suspected-mexico-crypto-bot-scam-leaves-over-3000-investors-high-and-dry/): More than 3,000 investors in Mexico have been left without access to their funds after AMG GPT, a company promising guaranteed returns through cryptocurrency trading bots, abruptly shut down its offices in Tehuacán and Puebla. The company’s disappearance, along with abandoned offices and severed communication channels, has raised serious concerns about a potential crypto bot scam. AMG GPT initially gained trust by offering daily payouts, which early investors reportedly received. However, the company recently began delaying withdrawals, demanding additional “verification fees” before granting access to funds. These new requirements raised red flags, and many investors began questioning the legitimacy of - [Polish Presidential Hopeful Vows to Create National Bitcoin Reserve If Elected](https://news.shib.io/2024/11/18/polish-presidential-hopeful-vows-to-create-national-bitcoin-reserve-if-elected/): Sławomir Mentzen, a Polish presidential candidate, vows to make Poland a “Crypto Haven.”  Polish right-wing libertarian politician and presidential candidate Mentzen promised to create a strategic Bitcoin reserve if elected president in 2025.  In a recent post, Lech Wilczyński, CEO of crypto exchange Swap.ly, asked Polish politician Sławomir Mentzen whether he would consider establishing a strategic reserve of Bitcoin in Poland. “Of course,” Mentzen replied. He later reiterated his stance in a separate post, advocating for the creation of a Bitcoin reserve in the country. “Very friendly regulations, low taxes, and a supportive approach from banks and regulators,” Mentzen wrote - [Can’t Pay Taxes? South Korea City Will Sell Your Crypto to Settle Debts](https://news.shib.io/2024/11/18/cant-pay-taxes-south-korea-city-will-sell-your-crypto-to-settle-debts/): The city of Paju in Gyeonggi Province, South Korea, has announced plans to seize and sell the cryptocurrency holdings of 17 individuals who collectively owe 124 million Korean won (approximately $88,600) in local taxes. Tax Enforcement Through Crypto Seizure According to local media, city officials have sent notices to the delinquent taxpayers, warning them to settle their debts by the end of November. If payments are not made, the authorities will confiscate the virtual assets stored on cryptocurrency exchanges and sell them to recover the unpaid taxes. This is the first time a local government in South Korea will directly - [Robinhood CEO Slams UK’s ‘Backward’ Crypto Approach, Calls for Better Regulation](https://news.shib.io/2024/11/18/robinhood-ceo-slams-uks-backward-crypto-approach-calls-for-better-regulation/): Robinhood CEO Vlad Tenev has criticized the UK government’s cryptocurrency policies, comparing them unfavorably to the country’s regulations on gambling.  In an interview with The Times, Tenev argued that people should have the freedom to make their own trading decisions despite concerns over crypto addiction. He also questioned why crypto trading faces stricter scrutiny while gambling remains less regulated. “I think people should be allowed to do what they want,” Tenev said. “But on a policy level, it’s just strange to me that, like: ‘the gambling will continue, but suddenly, with crypto and margin trading, we would have a problem - [South Korea Tightens Grip on Crypto: Exchanges Gain Freeze Power, City Seizes Assets for Taxes](https://news.shib.io/2024/11/18/south-korea-tightens-grip-on-crypto-exchanges-gain-freeze-power-city-seizes-assets-for-taxes/): South Korea is cracking down on crypto, giving exchanges the power to freeze transactions and seizing digital assets for unpaid taxes. South Korea Empowers Crypto Exchanges A new clause added to South Korea’s Virtual Asset User Protection Act has granted cryptocurrency exchanges unprecedented power to immediately block deposits and withdrawals. This change, driven by concerns over hacking, money laundering, and fraud, allows exchanges to act swiftly in urgent situations, freezing funds without prior notice to users.  According to SBS Biz, the Financial Supervisory Service (FSS) approved this industry request, acknowledging the need for rapid intervention in certain circumstances. However, the - [Warren Buffett Is Anti-Crypto But His Backed Nubank Embraces Bitcoin with New Swap Feature](https://news.shib.io/2024/11/18/warren-buffett-is-anti-crypto-but-his-backed-nubank-embraces-bitcoin-with-new-swap-feature/): A striking contrast plays out in the financial world: Warren Buffett, the legendary investor known for his disdain for cryptocurrencies, holds a substantial stake in Nubank, a Brazilian fintech firm actively expanding its crypto offerings.  Nubank New Feature This week, Nubank launched a Bitcoin-to-USDC swap feature, underscoring the growing mainstream acceptance of digital assets, even within the portfolio of a staunch crypto critic. Nubank’s new platform feature allows customers to directly exchange Bitcoin (BTC), Ethereum (ETH), Solana (SOL), or Uniswap (UNI) for USDC, a stablecoin pegged to the US dollar, and vice versa.  This streamlined process offers lower fees than - [MicroStrategy High-Stakes Bitcoin Bet: The "Infinite Money Glitch" Could Fail-Study](https://news.shib.io/2024/11/18/microstrategy-high-stakes-bitcoin-bet-the-infinite-money-glitch-could-fail-study/): Is the Bitcoin strategy of MicroStrategy a genius “infinite money glitch” or a ticking time bomb? A new study raises serious questions about the company’s high-stakes gamble. MicroStrategy Gambles on Bitcoin Michael Saylor, the outspoken executive chairman and co-founder of MicroStrategy, transformed his once-staid business intelligence software company into a Bitcoin behemoth. He championed a strategy of leveraging the company’s balance sheet, and issuing equity at premium valuations, to acquire vast quantities of the cryptocurrency.  This unorthodox approach, dubbed the “infinite money glitch,” fueled a dramatic rise in MicroStrategy’s stock price, captivating investors and bewildering skeptics. But a recent report - [Artist Cries Foul After Base Allegedly 'Ripped' His Work Without Attribution](https://news.shib.io/2024/11/18/artist-cries-foul-after-base-allegedly-ripped-his-work-without-attribution/): Did Coinbase’s Base network steal art for its NFT? One artist says yes.  The controversy began when Chris Biron, an artist involved in the Non-Fungible Token (NFT) space, publicly challenged Base, an Ethereum layer-2 scaling solution incubated by Coinbase, for allegedly copying his artwork without permission or attribution. The artwork in question, or something similar to it, was used for an NFT celebrating one billion transactions on the Base network. The NFT, sold by Base, generated over $36,000 in profit. Base: ‘Less Fun’? Biron, in a post on X (formerly Twitter), expressed his disappointment, stating, “But when a 76 billion - [NFT Market Bloodbath: 98% of 2024 Drops Failed](https://news.shib.io/2024/11/18/nft-market-bloodbath-98-of-2024-drops-failed/): The NFT market is drowning in a sea of new projects, with a staggering 98% of 2024 drops flatlining, according to a new study by NFTEvening and Storible. Oversaturation, coupled with plummeting prices and rock-bottom investor engagement, raises serious questions about the future of this once-booming digital asset class. NFT Market Study The study, which analyzed 29,079 NFT collections minted between January 1 and August 31, 2024, painted a grim picture of a market struggling to maintain momentum. Key findings revealed a chilling reality: only a minuscule 0.2% of these projects generated profits for investors. The vast majority saw rapid - [Crypto Political Influence Ignites Bitcoin Bull Run: Report](https://news.shib.io/2024/11/17/crypto-political-influence-ignites-bitcoin-bull-run-report/): A stunning Bitcoin bull run and a Trump victory —no one saw this coming. But with Bitcoin and other digital assets reaching new all-time highs, what’s the strategy for maximizing profits in this unexpected bull market? The answer, according to a recent Hyblock Capital Market Report, may lie in the unprecedented political influence the crypto industry has wielded in the 2024 election cycle. Bitcoin Bull Run Gains Momentum “The U.S. cryptocurrency sector is making history,” said Shubh Varma, CEO and co-founder of Hyblock Capital, in his weekly market overview shared with The Shib Daily. “Investing over $238 million in political - [Shiba Inu Isn't Done Yet, Analyst Projects Potential 216% Surge To $0.000081](https://news.shib.io/2024/11/17/shiba-inu-isnt-done-yet-analyst-projects-potential-216-surge-to-0-000081/): Shiba Inu (SHIB) is poised for liftoff, with a new analyst forecast projecting a 216% surge to $0.000081 for the dog-themed altcoin. The forecast, based on technical analysis, suggested a dramatic potential turnaround for SHIB, which had experienced periods of volatility. Javon Marks (@JavonTM1 on X) made a bullish prediction about Shiba Inu earlier. The analyst’s optimism stemmed from several key indicators. A recent breakout above a significant downtrend line signaled a potential shift in momentum. This, combined with what the analyst identified as bullish divergences, pointed towards increasing buying pressure.  The analyst also highlighted key support and resistance levels - [Elon Musk Prevails as Dogecoin Investors Withdraw Lawsuit](https://news.shib.io/2024/11/16/elon-musk-prevails-as-dogecoin-investors-withdraw-lawsuit/): A two-year legal battle between Elon Musk and a group of Dogecoin investors comes to an end as the plaintiffs voluntarily withdraw their class-action lawsuit.  Dogecoin Market Manipulation? The lawsuit, filed in the summer of 2022, painted a picture of a market manipulated by the pronouncements of a tech titan. Musk, with his playful and often cryptic tweets about Dogecoin, stood accused of artificially inflating the cryptocurrency’s price, leading investors down a path of dizzying highs and crushing lows.  They argued that his public pronouncements, amplified by his immense social media following, amounted to market manipulation, leaving them financially wounded - [$300M Laundering Scheme: Darknet Mixer Creator Avoids Harsh Penalty](https://news.shib.io/2024/11/16/300m-laundering-scheme-darknet-mixer-creator-avoids-harsh-penalty/): A darknet mixer creator who laundered $300 million receives a surprisingly light sentence, raising questions about the effectiveness of cryptocurrency crime enforcement and the role of cooperation in such cases.  Larry Dean Harmon, the Ohio mastermind behind the Helix darknet cryptocurrency mixer, was sentenced to just three years in prison, a dramatic reduction from the potential 20 years he faced. This leniency underlined the complex calculus of justice in the digital age, where the cooperation of technically savvy individuals can be invaluable in dismantling intricate criminal networks. The Darknet Mixer Harmon’s journey began in 2019 when he was charged with - [CCG Battles Go Next Level: Shiba Eternity Web3 Update Drops!](https://news.shib.io/2024/11/16/ccg-battles-go-next-level-shiba-eternity-web3-update-drops/): The latest update for Shiba Eternity Web3, Shiba Inu’s blockchain-powered collectible card battler, has landed, and it’s a veritable buffet of fresh features that’ll have you howling with delight.  Forget BONE-shaped biscuits; this update is serving up a banquet of blockchain-based brilliance. The Shib Games team, the devs running the show, clearly listened to the community, addressing key issues and adding features that’ll have you barking for more. Shiba Eternity Web3: Android and Korean Language Support First off, a major win for Android users! Those frustrating login issues are a thing of the past. Now, Android players can jump straight - [Google Warns of AI Deepfakes, Crypto Scams, and Fraud Targeting Major Events](https://news.shib.io/2024/11/15/google-warns-of-ai-deepfakes-crypto-scams-and-fraud-targeting-major-events/): Google has issued a warning about the rise of sophisticated scams driven by artificial intelligence, including deepfake impersonations, crypto investment frauds, and deceptive app clones. The company’s Trust & Safety (T&S) team flagged these trends in its new advisory on online fraud, highlighting how scammers are exploiting emerging technologies and major events to deceive users globally. Scam Trends and Tactics Among the top threats, Google identified the misuse of AI-powered deepfake technology to impersonate public figures. These impersonations have been used to promote fraudulent schemes, including fake investment opportunities and giveaways. In response, Google has updated its policies to address - [EBA: New Rules for Crypto and Payment Firms on EU Sanctions](https://news.shib.io/2024/11/15/eba-new-rules-for-crypto-and-payment-firms-on-eu-sanctions/): The European Banking Authority (EBA) has published comprehensive guidelines requiring payment service providers (PSPs) and crypto-asset service providers (CASPs) to enhance their compliance with EU and national sanctions. The rules, set to take effect on Dec. 30, 2024, aim to tighten governance and risk management frameworks to prevent circumvention of restrictive measures and safeguard the EU financial system. EBA Guidelines: Key Details Released on Nov. 14, the guidelines mandate PSPs and CASPs to implement reliable screening systems for fund and crypto transfers to identify and mitigate risks associated with sanctions violations. Institutions are required to establish clear policies to manage - [Tether Launches Hadron Platform to Simplify Asset Tokenization](https://news.shib.io/2024/11/15/tether-launches-hadron-platform-to-simplify-asset-tokenization/): Tether has just launched Hadron by Tether, a platform designed to simplify the tokenization of assets, including stocks, bonds, stablecoins, and loyalty points. It is designed to integrate Tether’s decade-long expertise to provide a secure, scalable, and compliant ecosystem for asset tokenization, targeting institutions, fund managers, governments, and private companies. About the Hadron Platform Hadron promises an intuitive interface to manage the full lifecycle of tokenized assets, emphasizing compliance through robust Know-Your-Customer (KYC), Anti-Money-Laundering (AML), and risk management tools. The platform supports various asset types, from fiat-pegged stablecoins to more complex collateralized digital tokens. Designed for adaptability, Hadron integrates with - [Bitfinex Bitcoin Heist Mastermind Sentenced to 5 Years for $10B Scam](https://news.shib.io/2024/11/15/bitfinex-bitcoin-heist-mastermind-sentenced-to-5-years-for-10b-scam/): Ilya Lichtenstein, who orchestrated the 2016 theft of over 119,000 Bitcoin from cryptocurrency exchange Bitfinex, has been sentenced to five years in prison for money laundering, the U.S. Department of Justice announced Wednesday. The case, one of the largest cyber thefts in history, resulted in the recovery of stolen assets now worth approximately $10 billion. Court documents revealed that Lichtenstein, 35, used advanced hacking tools to infiltrate Bitfinex’s network and authorized over 2,000 fraudulent transactions to transfer Bitcoin to his personal wallet. He and his wife, Heather Morgan, employed sophisticated techniques to launder the funds, including “chain hopping,” using mixing - [Agent Shiboshi Tournament Returns with 250 $BONE Reward & Top 10 Winners!](https://news.shib.io/2024/11/15/agent-shiboshi-tournament-returns-with-250-bone-reward-top-10-winners/): The action-packed Agent Shiboshi tournament is back, and this time with a $250 BONE prize pool up for grabs! Whether you’re a seasoned Shiba enthusiast or just dipping your toes into the world of Agent Shiboshi, this competition promises to bring some serious action. The registration period for this exciting event runs from November 15, 2024, at 20:00 UTC to November 18, 2024, at 04:00 UTC. It’s a brief window, so if you’re looking to claim your share of the prize pool, now’s the time to get in on the action. Expect fierce competition as agents battle it out for - [Upbit Faces Major KYC Scrutiny in South Korea, Potentially Jeopardizing License Renewal](https://news.shib.io/2024/11/15/upbit-faces-major-kyc-scrutiny-in-south-korea-potentially-jeopardizing-license-renewal/): South Korea’s largest cryptocurrency exchange, Upbit, is facing a major regulatory hurdle that could significantly impact its operations. The Financial Intelligence Unit (FIU) has reportedly uncovered suspected large-scale Know Your Customer (KYC) violations, potentially leading to hefty fines and even the loss of Upbit’s business license. The FIU, during its review process for Upbit’s business license renewal, reportedly identified an estimated 500,000 to 600,000 cases where customer verification procedures appear to have been inadequately implemented, according to Maeil Business, a news outlet in South Korea. The investigation, which began in late August, focused on Upbit’s compliance with anti-money laundering (AML) - [Shiba Eternity Web3 Tournament: 500 BONE Up For Grabs, Get Your SHIB On!](https://news.shib.io/2024/11/15/shiba-eternity-web3-tournament-500-bone-up-for-grabs-get-your-shib-on/): Hold onto your Shiba Inus, folks, because the next Shiba Eternity Web3 tournament is about to unleash a BONE-chilling frenzy!  This weekend, the digital arena will be buzzing with Shib-loving gamers vying for a whopping 500 $BONE prize pool. That’s enough to make even the most seasoned Shiba Eternity Web3 player drool with anticipation. The tournament kicks off on November 17 at 06:00 UTC, so mark your calendars and sharpen your paws. Every match could be a game-changer, and the chance to walk away with a chunk of that bone-tingling prize money is right there for the taking. But before - [SEC Chair Gensler Speech Fuels Resignation Rumors Amid Trump's Potential Sacking](https://news.shib.io/2024/11/15/sec-chair-gensler-speech-fuels-resignation-rumors-amid-trumps-potential-sacking/): The crypto industry is on edge as rumors swirl about SEC Chair Gary Gensler’s potential departure, fueled by a recent speech and reports of President Trump’s possible move to remove him from office. The uncertainty surrounding Gensler’s future raises questions about the direction of crypto regulation in the U.S. and the potential impact on the industry’s growth. Gensler, in a speech delivered at the Practicing Law Institute’s 56th Annual Institute on Securities Regulation, reflected on his two-year tenure at the helm of the agency, emphasizing the importance of effective administration of securities laws. He drew parallels to common-sense rules of - [18 States Challenge SEC Authority Over Crypto Staking in Landmark Lawsuit](https://news.shib.io/2024/11/15/18-states-challenge-sec-authority-over-crypto-staking-in-landmark-lawsuit/): Eighteen states, joined by the DeFi Education Fund, are challenging the Securities and Exchange Commission’s (SEC) authority over crypto staking services in a landmark lawsuit filed Thursday. The complaint, lodged in the U.S. District Court for the Eastern District of Kentucky, Frankfort Division, targets SEC Chair Gary Gensler and other commissioners, alleging their aggressive enforcement actions and evolving guidance stifle innovation and unconstitutionally infringe on state regulatory powers. At the heart of the dispute was the SEC’s assertion that staking services—where cryptocurrency holders lock up their assets to validate transactions and earn rewards—constituted the offering of unregistered securities. The states - [Franklin Templeton Expands $410M Mutual Fund to Ethereum](https://news.shib.io/2024/11/14/franklin-templeton-expands-410m-mutual-fund-to-ethereum/): Franklin Templeton recently expanded the trading capabilities of its OnChain U.S. Government Money Market Fund (FOBXX) to include Ethereum, reinforcing its presence in the multi-chain tokenized asset market. This strategic move adds to the fund’s current blockchain partnerships, which include Avalanche, Aptos, and Coinbase’s Base. New chain unlocked. BENJI is now live on @ethereum! Ethereum, the second largest L1 blockchain technology was designed to be scalable, secure, programmable, and decentralized. Download the Benji app here: https://t.co/ITah6qMtnsRead more: https://t.co/4j3TDC9VHM pic.twitter.com/COHIln9j24 — Franklin Templeton Digital Assets (@FTDA_US) November 14, 2024 Established in 2021, this fund was the first of its kind to - [Underbanked Americans Turning to Crypto More Than Fully Banked Households - FDIC](https://news.shib.io/2024/11/14/underbanked-americans-turning-to-crypto-more-than-fully-banked-households-fdic/): A recent FDIC survey revealed that underbanked households in the United States used cryptocurrency more frequently in 2023 than fully banked households, with 6.2% of underbanked households engaging with crypto compared to 4.8% of those with full banking access. The survey, released on November 12, examined responses from around 60,000 households and highlighted trends in crypto usage across various demographics. The “underbanked”—households that have a bank account but also rely on nonbank services like payday loans or check cashing—make up about 14.2% of U.S. households, or roughly 19 million households. Among them, cryptocurrency usage was notably higher among younger, highly - [Genius Group Goes 'All-In' on Bitcoin, Eyes $120M Crypto Reserve](https://news.shib.io/2024/11/14/genius-group-goes-all-in-on-bitcoin-eyes-120m-crypto-reserve/): Genius Group Limited has revealed its new “Bitcoin-first” strategy, with plans to commit 90% or more of its reserves to Bitcoin as its primary treasury asset. Following a recent Board restructuring to include blockchain and Web3 experts, the education-focused AI company said it will utilize a $150 million funding facility to begin purchasing $120 million in Bitcoin, positioning it as a core reserve holding. Genius Group also plans to integrate Bitcoin payments on its Edtech platform and launch a Web3 Wealth Renaissance education series, aimed at preparing students for a decentralized, blockchain-driven economy. Director Thomas Power emphasized the firm’s belief - [Fraud Alert: Fake China Construction Bank Sites Target Hong Kong Users](https://news.shib.io/2024/11/14/fraud-alert-fake-china-construction-bank-sites-target-hong-kong-users/): The Hong Kong Monetary Authority (HKMA) has issued a public warning about fraudulent websites impersonating China Construction Bank (Asia) Corporation Limited, urging residents to exercise caution and report suspicious activities. In a recent press release, the HKMA highlighted a surge in fake websites mimicking the bank’s official online platform. These fraudulent sites aim to deceive users into providing sensitive personal or financial information. The HKMA advised against engaging with any platform that requests personal details, particularly through emails, SMS, or phone calls containing suspicious hyperlinks. The authority emphasized that legitimate banks do not request passwords, One-Time Passwords, or other sensitive - [Caitlyn Jenner Faces Class-Action Lawsuit Over 'Misleading' Crypto Promotion](https://news.shib.io/2024/11/14/caitlyn-jenner-faces-class-action-lawsuit-over-misleading-crypto-promotion/): Caitlyn Jenner is facing a legal challenge over her promotion of a cryptocurrency token. A class-action lawsuit alleges the former Olympian misled investors with “false and misleading statements” about the JENNER meme coin. The lawsuit, filed in a California federal court by Naeem Azad and Mihai Caluseru, alleged Jenner and her manager, Sophia Hutchins, “fraudulently solicited financially unsophisticated investors” to purchase the unregistered securities. Azad and Caluseru, citizens of the United Kingdom and Romania respectively, claim to have lost over $56,000 combined investing in JENNER.  “We wouldn’t have invested a penny,” Azad stated, “if it hadn’t been for Jenner’s misleading - [FTX’s Gary Wang Goes From Coder to Crime-Fighter with Anti-Fraud Tools](https://news.shib.io/2024/11/14/ftxs-gary-wang-goes-from-coder-to-crime-fighter-with-new-anti-fraud-tools/): Gary Wang, the former coding chief for FTX, is now developing tools to help the U.S. government detect fraud in the cryptocurrency and stock markets. Wang, who cooperated extensively with authorities and testified against former FTX CEO Sam Bankman-Fried in 2023, is due for sentencing on November 20 for his role in FTX’s collapse. Wang’s involvement in the investigation has been praised by prosecutors, who have emphasized his willingness to work with authorities and noted his efforts to make amends. Unlike other former executives, Gary Wang has been credited with avoiding deceptive practices and refraining from misusing customer funds, according - [Is Shiba Inu About to Explode? Analyst Predicts Major Breakout](https://news.shib.io/2024/11/14/is-shiba-inu-about-to-explode-analyst-predicts-major-breakout/): Shiba Inu (SHIB) is attracting attention as technical indicators point towards a potential price breakout. A crypto analyst points to a bullish pennant pattern forming, suggesting a significant price move could be brewing. Crypto analyst Crypto Sheriff (@Gem_Sheriff on X) predicted that a major breakout in the price of Shiba Inu is imminent. The analyst’s bullish outlook is based on technical analysis, pointing to key indicators suggesting a potential surge in SHIB’s price. Crypto Sheriff highlighted a chart showing SHIB’s price action, which has formed what appears to be a bullish pennant pattern. This pattern is characterized by converging trendlines, - [Crypto Influencer Abduction Ends in Tragedy: Body Found in Montreal Park](https://news.shib.io/2024/11/14/crypto-influencer-abduction-ends-in-tragedy-body-found-in-montreal-park/): A grim discovery in a Montreal park brings a tragic end to the search for abducted crypto influencer Kevin Mirshahi. Months after his disappearance, authorities confirmed the worst, marking a somber turn in the investigation. Mirshahi’s decomposing remains were found by a passerby at Île-de-la-Visitation park on October 30. Montreal police confirmed the identification through an autopsy, concluding the agonizing search for the 25-year-old. His disappearance began with a harrowing quadruple kidnapping in Old Montreal on June 21. La Presse reported that Mirshahi and three companions were abducted from the underground parking lot of his condo building in the early - [FBI Raids Polymarket CEO Home, Seizes Devices, Sparking Crypto Backlash](https://news.shib.io/2024/11/14/fbi-raids-polymarket-ceo-home-seizes-devices-sparking-crypto-backlash/): Federal agents raided the Manhattan home of Polymarket CEO Shayne Coplan Wednesday morning, seizing his electronic devices. The predawn operation immediately sparked outrage and accusations of political overreach within the crypto community. The Justice Department is reportedly investigating Polymarket for allegedly violating a 2022 settlement with the Commodity Futures Trading Commission (CFTC), according to Bloomberg. The platform, which allows users to bet on events using cryptocurrency, had previously paid a $1.4 million fine for operating an unregistered prediction market and agreed to block U.S. customers.  The current investigation appears to focus on whether Polymarket continued accepting trades from U.S. users, - [Daren Li Admits to Laundering $73M in US Crypto Scam](https://news.shib.io/2024/11/13/daren-li-admits-to-laundering-73m-in-us-crypto-scam/): Daren Li, a dual citizen of China and St. Kitts and Nevis, has pleaded guilty to a charge of conspiracy to commit money laundering for his role in a scheme that laundered over $73 million in proceeds from cryptocurrency investment scams targeting U.S. victims. According to court documents, Li, 41, admitted to conspiring with others to move victim funds through a network of shell companies and international bank accounts. Using encrypted messaging to coordinate with co-conspirators, Li orchestrated the setup of U.S. bank accounts on behalf of shell companies to facilitate the transfer and conversion of illicit funds into cryptocurrency, - [Revolut Expands Crypto Exchange Access to 30 European Countries](https://news.shib.io/2024/11/13/revolut-expands-crypto-exchange-access-to-30-european-countries/): London-based fintech firm Revolut has expanded its standalone crypto exchange, Revolut X, to 30 new countries in the European Economic Area (EEA). The company announced the expansion on November 13, positioning Revolut X as a “competitive platform” for crypto traders within the continent. Launched in May, Revolut X represents an “important milestone” for the company’s crypto ambitions, according to Leonid Bashlykov, head of crypto exchange product. The expansion follows its efforts to prevent $13.5 million in potentially fraudulent crypto transfers from June to September, with additional checks in place for anti-money laundering compliance. Revolut’s approach—combining traditional banking services with crypto - [South Korea Crypto Scam: 215 Arrested in $232M Fraud Involving Popular YouTuber](https://news.shib.io/2024/11/13/south-korea-crypto-scam-215-arrested-in-232m-fraud-involving-popular-youtuber/): A massive South Korea crypto scam has led to the arrest of 215 people in a $232 million scheme, where a popular YouTuber with 620,000 followers allegedly lured thousands into investing in near-worthless tokens. The Gyeonggi Southern Provincial Police Agency reported that the scheme, active from late 2021 to March 2023, targeted over 15,000 victims—primarily middle-aged and elderly individuals—by promising returns of up to 20 times their investments. According to Yonhap, victims were allegedly encouraged to sell property or take out loans to fund purchases of 28 different tokens, six of which were created by the group, while the remaining - [Warren Slams Musk, Ramaswamy 'DOGE' Department: 'REALLY Efficient?'](https://news.shib.io/2024/11/13/warren-slams-musk-ramaswamy-doge-department-really-efficient/): Senator Elizabeth Warren has taken a swipe at President-elect Donald Trump’s newly formed “Department of Government Efficiency,” dubbed “DOGE,” questioning its leadership structure and effectiveness. The department, led by Elon Musk and Vivek Ramaswamy, has been met with skepticism and criticism since its announcement, with Warren’s latest comments adding fuel to the fire.  In an X post Tuesday, Warren expressed her disapproval of the department’s dual leadership: “The Office of Government Efficiency is off to a great start with split leadership: two people to do the work of one person. Yeah, this seems REALLY efficient.” Warren, a vocal critic of - [Dogecoin's Fate? Musk, Ramaswamy to Lead Trump's 'DOGE' Push](https://news.shib.io/2024/11/13/dogecoins-fate-musk-ramaswamy-to-lead-trumps-doge-push/): Will Trump’s ‘DOGE’ Department Boost or Sink Dogecoin? The crypto world is on edge after Musk, a vocal Dogecoin advocate, was tapped to lead the new agency. The name – a clear nod to the meme coin – raises hopes and concerns about associating Dogecoin with government efficiency efforts. Trump announced the DOGE department on Tuesday, emphasizing its goal to “dismantle Government Bureaucracy” and streamline operations. He praised Elon Musk and Vivek Ramaswamy’s business acumen, suggesting they could bring fresh perspectives to government reform.  However, the pointed use of the “DOGE” acronym immediately sparked speculation. Is it a playful wink - [Shibarium Erupts: Half a Billion Transactions and New TVL ATH](https://news.shib.io/2024/11/13/shibarium-erupts-half-a-billion-transactions-and-new-tvl-ath/): Shibarium, Shiba Inu’s layer-2 scaling solution, is experiencing remarkable growth, recently surpassing half a billion transactions and achieving a new all-time high in total value locked (TVL).  Shibarium’s transaction count has rocketed past 500 million, an impressive feat for a relatively young platform. Between October 13 and November 12, transactions surged from a modest 3,306 to an astounding 4,702,065, marking an increase of over 1,400 times.  This dramatic rise suggests rapidly expanding user engagement and on-chain activity. Shiba Inu tech wizard, Kaal Dhairya, celebrated the milestone on X (formerly Twitter): “PAW-some news! 🐾 Shibarium just fetched 500M transactions—proof of pack - [Italy Might Scrap Crypto Tax Amid 28% Tax Proposal](https://news.shib.io/2024/11/13/italy-might-scrap-crypto-tax-amid-28-tax-proposal/): Italy’s government is wrestling with a proposed crypto tax overhaul, generating uncertainty and debate within the digital asset world. A proposal to completely abolish the tax on crypto gains is on the table, alongside amendments proposing a reduced 28% rate, sparking discussions about the future of crypto investment in the country.  The initial proposal, unveiled last month, aimed to hike the tax on crypto trades from 26% to a steep 42%. This triggered immediate pushback from the industry, arguing it would stifle growth and drive investors away.  According to Bloomberg, Forza Italia, a key coalition partner in Italy’s ruling government, - [Celsius CEO Fails to Dismiss Fraud Charges in New York Court](https://news.shib.io/2024/11/12/celsius-ceo-fails-to-dismiss-fraud-charges-in-new-york-court/): A federal judge in New York has denied former Celsius Network CEO Alex Mashinsky’s motion to dismiss two fraud charges, allowing allegations of price manipulation involving the company’s CEL token to proceed. In a ruling dated November 8, 2024, Judge John G. Koeltl of the U.S. District Court for the Southern District of New York rejected Mashinsky’s arguments that the charges were redundant and legally flawed. Mashinsky contended that his alleged conduct could not simultaneously violate both the Commodity Exchange Act and the Securities Exchange Act. However, Judge Koeltl stated that each charge could independently apply under the law. The - [Japan’s Bitbank Launches Global Arm for Crypto, Blockchain Projects](https://news.shib.io/2024/11/12/japans-bitbank-launches-global-venture-arm-for-crypto-projects/): Japanese crypto exchange Bitbank has launched a global investment subsidiary, Bitbank Ventures, to fund projects in the cryptocurrency and blockchain sectors, both domestically and internationally. The new firm aims to bridge innovative technologies and investment opportunities to strengthen Japan’s crypto industry and drive global adoption of digital assets. Based in Tokyo’s Shinagawa district, Bitbank Ventures will focus on emerging blockchain projects and new technologies such as artificial intelligence (AI) and digital assets. Bitbank sees significant investor interest in projects combining crypto and AI, especially under current market conditions, and plans to keep pace with these advancements. CEO Noriyuki Hirosue stated - [Tether Launches WDK for Non-Custodial Wallet Access by Humans and AI](https://news.shib.io/2024/11/12/tether-launches-wdk-for-non-custodial-wallet-access-by-humans-and-ai/): Tether has launched an open-source Wallet Development Kit (WDK) designed to help developers integrate non-custodial wallets for USDt and Bitcoin into various platforms, offering users more control over their assets. The new toolkit, announced on November 11, aims to make decentralized financial systems accessible across apps, websites, and devices, supporting both personal and emerging AI-driven technologies. The WDK provides a modular, adaptable structure that simplifies wallet integration for businesses and developers, allowing customization for industries from gaming to finance. Key features include non-custodial functionality that eliminates reliance on third-party custody, enabling users to retain full control over their assets. Tether - [Zoom-Bombed: Crypto Investor Loses $6.09 Million in New Phishing Scam](https://news.shib.io/2024/11/12/zoom-bombed-crypto-investor-loses-6-09-million-in-new-phishing-scam/): It’s a story that could happen to anyone: a seemingly harmless click on a Zoom link turns into a nightmare–a phishing scam, costing a crypto investor a staggering $6.09 million.  The incident, which occurred on Tuesday, serves as a stark reminder of the importance of cybersecurity in the crypto world, where even experienced investors can fall victim to sophisticated phishing scams. The victim, a pseudonymous investor known as Still in the Game (@stigstigstig_ on X), took to social media to reveal the details of the attack, highlighting the vulnerability of the crypto ecosystem to malicious actors. “Just want to be - [China Tech Sector Embraces Bitcoin, Raising Questions About Crypto Policy Shift](https://news.shib.io/2024/11/12/china-tech-sector-embraces-bitcoin-raising-questions-about-crypto-policy-shift/): Despite years of strict regulations and a crackdown on crypto, China’s tech sector is showing a growing appetite for Bitcoin. Nano Labs Ltd, a leading integrated circuit design company, has announced it will accept Bitcoin payments for its products. The move creates a fascinating contradiction, raising questions about China’s evolving policy on digital currencies and the increasing influence of crypto globally. The company, listed on the Nasdaq as NA, opened a Coinbase account and is now accepting Bitcoin, marking a significant step towards embracing the latest in financial technology and enhancing its global transaction capabilities. The news came amid whispers - [FTX's New Lawsuit Against Binance and CZ Seeks $1.76 Billion](https://news.shib.io/2024/11/12/ftxs-new-lawsuit-against-binance-and-cz-seeks-1-76-billion/): The estate of the collapsed FTX crypto exchange is pursuing legal action against Binance and its former CEO, Changpeng Zhao, or CZ, in an effort to recover $1.76 billion. In the filing, FTX contends that these funds were fraudulently funneled to Binance executives in July 2021 as part of a shares repurchase deal with co-founder Sam Bankman-Fried, highlighting the lingering repercussions of the exchange’s failure. The lawsuit states that Binance sold back its 20% interest in FTX’s international division and 18.4% in its U.S. division. Sam Bankman-Fried financed this deal using a mix of cryptocurrencies from both exchanges. The FTX - [Shiba Inu Unleashes Fury: Breakout Potential Sparks Bullish Frenzy](https://news.shib.io/2024/11/12/shiba-inu-unleashes-fury-breakout-potential-sparks-bullish-frenzy/): The meme-inspired cryptocurrency, Shiba Inu (SHIB), is showing signs of a potential breakout, sending a jolt of energy through the crypto market.  A recent analysis by a crypto analyst, Bullish Banter (@bullishbanter01 on Twitter), has ignited a wave of optimism, suggesting that SHIB could be poised for a significant price surge. The analysis, shared on X, centered on the recent price action of SHIB, particularly its performance this month.  Bullish Banter pointed to a potential breakout pattern emerging from the coin’s price chart, noting that if SHIB manages to maintain its current price level above $0.00002, it could establish a - [Snowden Sounds Alarm: Is Venture Capital Stifling Crypto's Decentralization?](https://news.shib.io/2024/11/12/snowden-sounds-alarm-is-venture-capital-stifling-cryptos-decentralization/): Privacy advocate and former NSA contractor Edward Snowden has thrown a wrench into the gears of the booming crypto world, raising concerns about the potential pitfalls of venture capital investment in blockchain projects.  Speaking at Near’s Redacted conference in Bangkok, Snowden argued that heavy VC funding can compromise the very foundation of cryptocurrencies – decentralization. He went so far as to label Solana, a high-profile blockchain platform, as “born in prison” due to its reliance on VC backing, suggesting that such funding can hinder a network’s ability to operate independently. Snowden’s critique stemmed from the belief that large, centralized stakeholders, - [Shiba Inu Bites Into Top 10, Surpasses Global Brands in Market Cap Surge](https://news.shib.io/2024/11/12/shiba-inu-bites-into-top-10-surpasses-global-brands-in-market-cap-surge/): Shiba Inu, the meme-inspired cryptocurrency, has unleashed a market cap frenzy, exceeding $15.64 billion and catapulting into the top 10 list of major crypto assets. This astounding growth has sent ripples through the financial world, leaving established global brands in its wake. The rally, which began over the weekend and intensified throughout the week, saw Shiba Inu eclipse companies like Porsche SE, GameStop, Dominos, Bandai Namco, Budweiser APAC, and more. The meme-coin now boasts a market cap larger than prominent names like Bank of Shanghai, Lenovo, and even Dominos Pizza. Here’s a look at some of the companies Shiba Inu - [Foreign Gang Arrested in Phuket Crypto Robbery Worth $250K](https://news.shib.io/2024/11/11/foreign-gang-arrested-in-phuket-crypto-robbery-worth-250k/): Thai authorities arrested four foreign nationals in connection with a Phuket crypto robbery, allegedly forcing a Ukrainian tourist to transfer $250,000 in cryptocurrency after luring him to a meeting. Phuket’s Kamala Police, with support from Tourist Police, apprehended the suspects — Armenian national Arman, 21; Ukrainian nationals Alfred, 18, and Ruslan, 22; and Russian national Mraz, 21 — at a hotel in Phang Nga Province on November 11. The arrests followed a warrant issued by the Phuket Provincial Court for armed robbery, unlawful detention, and coercion. The incident reportedly took place on November 8 when the victim, a 23-year-old Ukrainian - [Apple CEO Tim Cook Holds Bitcoin, Won’t Follow the Crypto Path](https://news.shib.io/2024/11/11/apple-ceo-tim-cook-holds-bitcoin-wont-follow-the-crypto-path-yet/): Apple CEO Tim Cook revealed that he has personally held Bitcoin for around three years, but he stressed that his private interest in cryptocurrency won’t influence Apple’s corporate strategy. Cook clarified in an interview with DealBook’s Andrew Sorkin that while he finds Bitcoin and NFTs intriguing, Apple has no plans to integrate crypto into its products, or use its $200 billion cash reserve to invest in digital assets. This cautious stance sets Apple apart from other tech giants like Tesla, which made waves by actively embracing cryptocurrency. Tim Cook of Apple reveals that he has personally invested in cryptocurrency. “I - [Bitcoin Fog Operator Faces 12 Years for $400M Darknet Laundering Scheme](https://news.shib.io/2024/11/11/bitcoin-fog-operator-faces-12-years-for-400m-darknet-laundering-scheme/): Roman Sterlingov, a dual Russian-Swedish national, was sentenced to 12 years and six months in prison on Monday for operating Bitcoin Fog, the darknet’s longest-running bitcoin money laundering service. According to court documents, Sterlingov, 36, ran Bitcoin Fog from 2011 to 2021, using the cryptocurrency “mixer” to obscure the origins of more than 1.2 million bitcoin transactions valued at roughly $400 million. The bulk of this cryptocurrency flowed from darknet marketplaces and was tied to illicit activities, including drug trafficking, identity theft, and child sexual abuse material. Multiple Charges vs Bitcoin Fog Operator Sterlingov was found guilty in March 2024 - [1inch Launches 'Take Crypto SeriousLee' With Bruce Lee Family](https://news.shib.io/2024/11/11/1inch-launches-take-crypto-seriouslee-with-bruce-lee-family/): Decentralized exchange aggregator 1inch has announced a long-term partnership with the Bruce Lee Family Company, aiming to popularize decentralized finance (DeFi) and Web3 technologies among a broader audience. The collaboration launches with a video ad campaign with the slogan “Take Crypto SeriousLee,” spotlighting Bruce Lee’s legacy to underscore the value of DeFi as the future of finance. 1inch seeks to reshape perceptions of crypto as a serious financial innovation rather than a mere speculative trend. In 2019, after two sleepless nights coding at ETHGlobal New York, @deacix and @k06a unleashed the unstoppable force of 1inch onto the blockchain—like Bruce Lee’s - [Why is Shiba Inu Surging? Shytoshi Kusama Reveals the Secret](https://news.shib.io/2024/11/11/why-is-shiba-inu-surging-shytoshi-kusama-reveals-the-secret/): Shiba Inu is defying gravity, soaring alongside major crypto assets, and everyone’s wondering why. Shytoshi Kusama, the visionary behind the Shiba Inu project, offers an intriguing explanation, revealing the secret behind SHIB’s remarkable surge and hinting at a future that transcends its meme coin origins. Over the weekend, Kusama took to X (formerly Twitter) to address the surprising price action. “For those baffled as to why a meme like #SHIB could rally alongside the big bois… it’s time we showcased the power, technologies, and innovative thinking that led us through the bear market,” Kusama said.  This comment suggested that SHIB’s - ['End the Fed' Movement Gains Traction with Musk, Tech Leaders' Support](https://news.shib.io/2024/11/11/end-the-fed-movement-gains-traction-with-musk-tech-leaders-support/): The “End the Fed” movement is gaining serious traction, fueled by none other than Elon Musk and a chorus of tech leaders. Their support injects new energy into the debate over the Federal Reserve’s future, raising questions about the central bank’s role and sparking speculation about a potential shift toward decentralized financial systems, particularly Bitcoin. The debate over the Federal Reserve’s existence wasn’t new, but it reached a fever pitch recently. The involvement of tech leaders and influential personalities like Elon Musk amplified the call to abolish the central bank, injecting fresh urgency and mainstream attention into the discussion. This - [Bitcoin Hits Record High, But CryptoQuant CEO Predicts Year-End Slump to $59K](https://news.shib.io/2024/11/11/bitcoin-hits-record-high-but-cryptoquant-ceo-predicts-year-end-slump-to-59k/): Bitcoin soars to new heights, smashing past $81,000 for a new all-time high. However, a recent forecast hints at a significant year-end correction, pegging Bitcoin’s 2024 closing price near $59,000.  CryptoQuant CEO Ki Young Ju made a concerning prediction about the price of Bitcoin, the world’s largest crypto asset by market capitalization, citing an overheated futures market as the primary catalyst for the anticipated downturn. Ju issued his prediction via X (formerly Twitter) over the weekend, launching a contest offering 0.1 BTC to the user with the closest guess. He acknowledged Bitcoin’s current price discovery phase. However, he expressed concern - [Crypto CEO Survives Kidnapping After $1M Ransom Paid](https://news.shib.io/2024/11/10/crypto-ceo-survives-kidnapping-after-1m-ransom-paid/): A Toronto crypto CEO is safe after a harrowing kidnapping ordeal. A $1 million ransom has reportedly been paid for his release, raising new concerns about the security risks facing high-profile figures in the cryptocurrency industry. Dean Skurka, CEO of WonderFi Technologies, a Canadian cryptocurrency trading platform, was abducted near University Avenue and Richmond Street West during Wednesday’s evening rush hour. Toronto police confirmed the incident, stating that suspects forced Skurka into a vehicle and demanded a ransom. Approximately an hour later, Skurka was released unharmed at Centennial Park in Etobicoke. While neither Skurka nor WonderFi officially commented on the - [BAD Idea AI: S.A.R.A.H. Begins AI Interviewer Experiment](https://news.shib.io/2024/11/10/bad-idea-ai-s-a-r-a-h-begins-ai-interviewer-experiment/): The BAD Idea AI community has taken a bold step forward by having its AI bot, S.A.R.A.H., conduct an exclusive interview, pushing the boundaries of artificial intelligence in content creation and human interaction. This innovative project is generating excitement and curiosity as the community explores the potential of AI-driven interviewers. The project was initially unveiled through a video interview posted on X (formerly Twitter), prompting discussions about the capabilities and implications of AI-driven interviewers. Mr.Lightspeed, the listing manager of $BAD Idea AI, emphasized the community-driven nature of the project in a subsequent post.  “What’s cool about this new piece of - [Shiba Inu Visionary Sees 'Ahead of Its Time' Proposal Echoed in Trump's 'Freedom Cities' Plan](https://news.shib.io/2024/11/10/shiba-inu-visionary-sees-ahead-of-its-time-proposal-echoed-in-trumps-freedom-cities-plan/): Shytoshi Kusama, the visionary of the Shiba Inu cryptocurrency project, draws a parallel between U.S. President Donald Trump’s “Freedom Cities” plan and their recently unveiled “Strategic Hub for Innovation in Blockchain (S.H.I.B.)” proposal.  Trump’s vision, highlighted in an X post by @MJTruthUltra, outlines a plan for ten new technologically advanced cities built on federally owned land. These “Freedom Cities” would emphasize futuristic technology, including flying cars, alongside the revitalization of underserved communities through new industries.  Trump’s plan also addresses cost of living challenges, promotes single-family home construction, and suggests baby bonuses to stimulate population growth. Aesthetic enhancements, such as removing - [Shiba Inu Breaks Key Resistance, Bullish Signals Emerge](https://news.shib.io/2024/11/10/shiba-inu-breaks-key-resistance-bullish-signals-emerge/): Shiba Inu (SHIB) is exploding higher, up over 6% today as it breaks through the key $0.000020 resistance level. Trading volume is surging, and technical indicators are flashing bullish signals. This breakout has ignited excitement among investors, prompting speculation about the potential start of a significant rally. The price jump is supported by robust market indicators. SHIB’s market capitalization has climbed to $11.87 billion, a 5.51% increase mirroring the price surge. A significant rise in trading volume, up 10.31% to $664.48 million in the last 24 hours (as depicted in the accompanying chart), further confirms the strength of this move. - [Agent Shiboshi Tournament Kicks Off: Battle for a $250 BONE Prize Pool](https://news.shib.io/2024/11/09/agent-shiboshi-tournament-kicks-off-battle-for-a-250-bone-prize-pool/): Shiba Army, get your paws ready – the first ever Agent Shiboshi rewarded tournament is about to kick off, and there’s a juicy 250 BONE prize pool up for grabs!  If you’ve been itching to prove your skills in this slick, hypercasual espionage game, this is your chance to shine. This ain’t just another leaderboard you climb – this is a chance to earn those sweet, sweet BONEs. Think of it as a digital dogfight with a hefty reward. But first, let’s talk about the rules. This tournament is not your casual Agent Shiboshi session. This is a Web3 tournament, - [Detroit Positions Itself as Blockchain Pioneer: Soon to Accept Crypto Payments for Taxes](https://news.shib.io/2024/11/08/detroit-positions-itself-as-blockchain-pioneer-soon-to-accept-crypto-payments-for-taxes/): Detroit officials recently announced that residents will be able to pay taxes and city fees using cryptocurrency via a secure PayPal platform starting in mid-2025. This initiative positions Detroit as the largest U.S. city to accept crypto payments and aims to attract and retain tech startups in the Motor City. The announcement on Thursday revealed that this new payment method is part of a broader strategy to adopt innovative technologies aimed at improving public services and boosting economic growth. This initiative simplifies transactions for Detroit residents and demonstrates the city’s commitment to attracting blockchain and tech entrepreneurs. “Detroit is building - [BlockFi Lending License Revoked Over Unsafe Practices](https://news.shib.io/2024/11/08/blockfi-lending-license-revoked-in-california-over-unsafe-practices/): The California Department of Financial Protection and Innovation (DFPI) announced on Thursday that it has revoked the lending license of crypto lender BlockFi Lending LLC due to multiple regulatory violations. BlockFi agreed to the revocation of its California Financing Law (CFL) license and to cease unsafe practices as part of a settlement with the DFPI. The action follows an examination by the regulator and a prior license suspension in November 2022. BlockFi Violations The DFPI found that BlockFi violated the CFL by failing to assess borrowers’ ability to repay loans, charging interest before loan proceeds were disbursed, and not providing - [Agent Shiboshi Launches on Shibarium: Espionage Game Hits the Blockchain](https://news.shib.io/2024/11/08/agent-shiboshi-takes-aim-shiba-inus-latest-game-hits-shibarium/): Agent Shiboshi has officially infiltrated Shibarium, bringing espionage, action, and that unmistakable Shiba Inu charm to the blockchain.  Agent Shiboshi isn’t your average click-and-play. Inspired by none other than the suave, martini-sipping, tuxedo-wearing Bond himself, Agent Shiboshi is set to be Shibarium’s hypercasual powerhouse, delivering bite-sized missions with big-time thrills.  If Shiba Eternity Web3 had you hooked, this one’s going straight for the jugular, inviting players into a world of intrigue, danger, and, of course, Shadowcat-shattering combat. Agent Shiboshi is just the first in a series of hypercasual games designed to sweep the crypto gaming scene, and Shibarium is the - [North Korean Hackers Target Crypto Firms with Hidden Risk Malware](https://news.shib.io/2024/11/08/north-korean-hackers-target-crypto-firms-with-hidden-risk-malware-campaign/): Cybersecurity firm SentinelLabs has identified a new malware campaign called Hidden Risk, launched by North Korean hackers BlueNoroff, targeting cryptocurrency businesses. The campaign, first observed in October but possibly active since July, uses phishing emails with fabricated crypto news headlines to infiltrate organizations in the crypto industry, SentinelLabs said in a report released on Thursday. Phishing emails contain links to PDFs on topics such as “Hidden Risk Behind New Surge of Bitcoin Price” and “Altcoin Season 2.0—The Hidden Gems to Watch,” aiming to lure victims into downloading malware. North Korean hackers BlueNoroff reportedly impersonated real individuals from unrelated industries, forwarding - [playwithshib.games: The Shiba Inu Gaming Universe Has a New Home](https://news.shib.io/2024/11/08/playwithshib-games-the-shiba-inu-gaming-universe-has-a-new-home/): Get your paws ready—playwithshib.games has just landed, officially rolling out the red carpet for Shiba Inu’s entire gaming universe! This shiny new site is the ultimate doghouse for all things Shiba Inu gaming. Whether you’re barking up the Shiba Eternity Web3 tree, sniffing out the mysteries of blockchain gaming, or just curious about what the Shib Army’s been digging into lately, it’s all here. Finally, everything’s corralled under one roof for exploration, heated competition, and, of course, a bit of $BONE-snatching and $BONE-collecting action. Woof! No more wandering from one digital fire hydrant to the next in search of Shiba - [Powell Stands Firm: Fed Chair Won't Resign if Requested to by Trump](https://news.shib.io/2024/11/08/powell-stands-firm-fed-chair-wont-resign-if-requested-to-by-trump/): In a bold display of defiance, Federal Reserve Chair Jerome Powell has just declared he will not resign, even if President-elect Donald Trump demands it. The move throws a wrench into the already contentious relationship between the two figures. Powell, addressing reporters on Thursday after the Fed’s decision to cut interest rates, firmly asserted that the president does not have the power to fire or demote him, declaring, “Not permitted under the law.” This declaration underscores the deep tension brewing between the two men. The friction between Trump and Powell has been simmering for some time. Trump appointed Powell in - [Shibarium Developer Initiative Launched After 1B Transactions](https://news.shib.io/2025/04/09/shibarium-developer-initiative-launched-after-1b-transactions/): Shibarium marks a milestone, crossing 1 billion transactions, and immediately shifts into high gear, unveiling its bold Shibarium developer initiative designed to spotlight the builders powering its ecosystem. The new program offers builders official recognition and visibility on the network’s website, turning the milestone into a springboard for developer growth. Spotlight Turns to Builders with New Shibarium Developer Initiative Capitalizing on the momentum from this achievement, the Shibarium team quickly formalized the new program focused squarely on the builders innovating on the network. The Shibarium developer initiative aims to recognize and promote the projects actively contributing to the platform’s expanding - [Shiba Inu Deflationary Mechanism Surges 1465%, Fuels Scarcity Narrative](https://news.shib.io/2025/04/09/shiba-inu-deflationary-mechanism-surges-1465-fuels-scarcity-narrative/): Shiba Inu deflationary mechanism kicks into high gear, registering a stunning four-digit percentage surge in token burns and reinforcing the crucial scarcity narrative among investors, even as broader market conditions remain uncertain. The Shiba Inu community is actively working to reshape the token’s supply dynamics, evidenced by a dramatic recent spike in its burning activity. This intensified effort highlights the commitment to SHIB’s long-term tokenomic goals, providing a potentially bullish counterpoint to prevailing market volatility. Recent data underscores the scale of this surge. According to the Shiba Inu burn data, the rate at which SHIB tokens were permanently removed from - [Shiba Inu Whales Accumulate, Net Flow Surges Nearly 800%](https://news.shib.io/2025/04/09/shiba-inu-whales-accumulate-net-flow-surges-nearly-800/): Shiba Inu whales are making waves in the market, with on-chain data revealing a near 800% surge in net flows. This dramatic uptick suggests large holders are positioning themselves for potential gains, despite a bearish market trend. Shiba Inu Whales Signal Strong Accumulation Despite the crypto market wallowing in the red, Shiba Inu whales made a move, showing startling revelations from on-chain data, pointing directly at decisive actions taken by large holders. Data intelligence firm IntoTheBlock reported a dramatic surge that has captured widespread attention: large holder net flows for Shiba Inu increased by an astounding 784.8%.  This metric specifically - [Investing in DeFi: Exploring the World of Decentralized Finance](https://news.shib.io/2025/04/09/investing-in-defi-exploring-the-world-of-decentralized-finance/): So, you’ve heard the buzz about DeFi and you’re wondering if it’s just another crypto craze—or something bigger. Spoiler alert: it’s way more than a passing trend. Investing in DeFi is like discovering a secret financial playground where the rules are written by code, not banks. At its core, Decentralized Finance (DeFi) is a fancy way of saying “finance without the middlemen.” No banks, no brokers—just you, your wallet, and a bunch of smart contracts doing the heavy lifting. In just a few years, DeFi has exploded from a niche experiment to a multi-billion-dollar ecosystem. Whether you’re into earning passive - [Hackers Hide Malware in Fake Microsoft Office Add-Ons to Steal Crypto](https://news.shib.io/2025/04/09/hackers-hide-malware-in-fake-microsoft-office-add-ons-to-steal-crypto/): Malicious actors have embedded malware in fake Microsoft Office extension packages on SourceForge, attempting to steal crypto by swapping a victim’s copied wallet address with that of an attacker. A cybersecurity report from Kaspersky’s Anti-Malware Research Team has revealed that a listing on SourceForge, titled “officepackage,” contains genuine Microsoft Office add-ins bundled with hidden malware. The malicious software, known as ClipBanker, is designed to hijack crypto transactions by swapping copied wallet addresses on a user’s clipboard with those controlled by the attacker. Kaspersky’s research team noted that crypto wallet users often copy wallet addresses rather than type them manually. If - [US Tariffs Shock Sparks Sell-Off as Bitcoin and Stocks Retreat](https://news.shib.io/2025/04/09/us-tariffs-shock-sparks-sell-off-as-bitcoin-and-stocks-retreat/): As trade tensions escalate, new tariffs are triggering shifts in global markets and prompting investors to reassess strategies. Both equities and digital assets now face new challenges in an evolving economic landscape. Per CNBC, stocks dropped on Tuesday as a brief relief rally faded, and investor concerns grew ahead of President Donald Trump’s upcoming tariff deadline, which will impose a cumulative 104% tariff on Chinese goods. China was originally set to face a 34% tariff hike, but President Trump raised it to 50% after the country refused to lift its retaliatory tariffs on U.S. goods. The Dow Jones Industrial Average - [DOJ Disbands Crypto Crime Unit as Trump Reshapes Policy Approach](https://news.shib.io/2025/04/09/doj-disbands-crypto-crime-unit-as-trump-reshapes-policy-approach/): The U.S. Department of Justice (DOJ) has reportedly disbanded its National Cryptocurrency Enforcement Team (NCET), signaling a shift in the federal approach to tackling crypto-related crimes. A journalist from Fortune reported seeing a four-page memo, allegedly authored by U.S. Deputy Attorney General Todd Blanche, which confirms the disbandment of the NCET. “The Department of Justice is not a digital assets regulator. However, the prior Administration used the Justice Department to pursue a reckless strategy of regulation by prosecution,” the official was reportedly quoted saying in the note.  The NCET was a specialized unit within the DOJ created to combat crimes - [Russia Imposes 6-Year Crypto Mining Ban in Energy-Hit Irkutsk Oblast](https://news.shib.io/2025/04/09/russia-imposes-6-year-crypto-mining-ban-in-energy-hit-irkutsk-oblast/): Moscow has enforced a complete ban on crypto mining in several areas of Irkutsk Oblast, a region renowned for its cheap energy and once referred to as the “mining capital of Russia.” The locality had attracted a growing number of miners in recent years, drawn by the region’s low electricity rates. Initially implemented to limit power consumption during the winter, the crypto mining ban will now be enforced year-round through 2031. This shift comes after federal authorities responded to local requests aimed at alleviating pressure on the region’s electrical grid. Russian Prime Minister Mikhail Mishustin officially signed the new restrictions, - [Nigerian Court Delays Binance Tax Evasion Case Until April 30](https://news.shib.io/2025/04/08/nigerian-court-delays-binance-tax-evasion-case-until-april-30/): A Nigerian court has postponed Binance’s tax evasion case until April 30, giving local tax authorities time to address the exchange’s request to annul an order for court documents to be served via email. According to Reuters, Chukwuka Ikwuazom, a lawyer for the crypto exchange, argued that the tax authority’s request to serve court documents via email should be invalidated. Ikwuazom contended that the Federal Inland Revenue Service (FIRS) did not seek prior court approval to serve the documents outside of Nigeria, as Binance does not have a physical office in the country. “On the whole the order for the - [Colossal Revives Dire Wolves, Blending Sci-Fi With Real Science](https://news.shib.io/2025/04/08/colossal-revives-dire-wolves-blending-sci-fi-with-real-science/): Colossal Biosciences, a biotechnology company, has announced the successful revival of dire wolves, the prehistoric canines famously featured in George R.R. Martin’s Game of Thrones. This marks the first instance of an animal being brought back from extinction through advanced biotechnological methods. Dire wolves, famously associated with Martin’s Stark family in Game of Thrones, made a remarkable return after nearly 10,000 years of extinction. Colossal Biosciences announced that the long-extinct canines, or a close genetic approximation, have been successfully revived using DNA extracted from two fossils. The process involved 20 genetic edits to the DNA of a gray wolf, the - [BlackRock CEO Warns of Weak Economy Amid Trump’s Tariffs and Inflation](https://news.shib.io/2025/04/08/blackrock-ceo-warns-of-weak-economy-amid-trumps-tariffs-and-inflation/): Larry Fink, CEO of investment management giant BlackRock, has cautioned that the economy may weaken as market instability grows due to the Trump administration’s new tariffs. Speaking at the Economic Club of New York, Fink remarked that the economy is “weakening as we speak,” reflecting growing concerns over market instability. “The need for the administration to focus on these pro-growth agendas, which was much of what the president campaigned on, we have to get that going.” Fink expressed concern that President Donald Trump’s actions are likely to be more inflationary than the markets anticipate. Additionally, Fink declared skepticism about the - [James Murphy Sues DHS to Uncover Satoshi Nakamoto Identity](https://news.shib.io/2025/04/08/james-murphy-sues-dhs-to-uncover-satoshi-nakamoto-identity/): Prominent crypto attorney James Murphy has filed a lawsuit against the U.S. Department of Homeland Security (DHS), seeking to reveal the true identity of Bitcoin’s mysterious creator, Satoshi Nakamoto. Murphy, also known by his online handle “MetaLawMan,” initiated a lawsuit under the Freedom of Information Act (FOIA) in the D.C. District Court. The case stems from statements made by DHS Special Agent Rana Saoud during the Offshore Alert Conference on Financial Intelligence & Investigations conference in 2019, where she alleged that several of her colleagues had met with four individuals connected to the creation of Bitcoin. The crypto lawyer announced - [Crypto Tools and Resources to Boost Your Trading Performance](https://news.shib.io/2025/04/08/crypto-tools-and-resources-to-boost-your-trading-performance/): If you’ve ever tried your hand at crypto trading, you already know — it moves fast. Blink and a coin’s price can rocket to the moon… or tumble into oblivion. It’s part adrenaline rush, part puzzle, and part chaos. And in the middle of all that? You. The trader. But here’s the thing: even the best instincts can only take you so far without the right crypto tools. Whether you’re tracking charts, setting alerts, or managing a dozen wallets, the tools you use can make a huge difference. They’re the difference between flying blind and flying smart. In this guide, - [Tyler Winklevoss Bitcoin Hedge Comment Follows $1.36B Crypto Crash](https://news.shib.io/2025/04/07/tyler-winklevoss-bitcoin-hedge-comment-follows-1-36b-crypto-crash/): Co-founder of the crypto exchange, Tyler Winklevoss, recently commented on Bitcoin’s stability, highlighting its role as a hedge. However, his observation comes amid a brutal crypto market crash, with liquidations exceeding $1.36 billion in the past 24 hours, including Bitcoin (BTC). “For the first time in history, [Bitcoin] is not moving in lockstep with the stock market. It’s now behaving like a hedge to geopolitical uncertainty. When the stock market plunged during Covid, so did bitcoin. And this was always [the] case over the last 10+ yrs,”  Winklevoss wrote in a post on X. “But not this time. Despite the - [Pilotless Air Taxis Cleared for Takeoff and Tourism in China](https://news.shib.io/2025/04/07/pilotless-air-taxis-cleared-for-takeoff-and-tourism-in-china/): China has made a significant leap toward the future of urban transportation by granting its first permits for autonomous passenger drones, marking a key moment for the development of air taxis. This landmark achievement sets the stage for the potential launch of commercial flying taxi services, signaling a major advancement in the country’s ambitious efforts to revolutionize air mobility and reshape how people travel within cities. The Civil Aviation Administration of China (CAAC) has issued Air Operator Certificates (OCs) to EHang Holdings in Guangdong Province and its subsidiary, Heyi Aviation, in Hefei, Anhui Province. This approval allows both companies to - [Trump Defends US Tariff as 50 Countries Seek Trade Negotiations](https://news.shib.io/2025/04/07/trump-defends-us-tariff-as-50-countries-seek-trade-negotiations/): In response to President Donald Trump’s recent US tariff announcement, administration officials defended the decision, emphasizing that it has led to a surge in trade negotiations from impacted countries. On April 2, President Trump announced a sweeping new US tariff policy aimed at reshaping U.S. trade relations and boosting domestic manufacturing. The move includes a baseline 10% tariff on nearly all imported goods, with steeper rates for specific countries based on trade imbalances. Notably, imports from Japan, the European Union, and Israel will face tariffs ranging from 17% to 24%. A separate 25% tariff was also imposed on all foreign-made - [ZachXBT Slams Coinbase Over Account Lockout and Data Breach](https://news.shib.io/2025/04/07/zachxbt-slams-coinbase-over-account-lockout-and-data-breach/): Blockchain investigator ZachXBT has publicly criticized Coinbase for its poor service, urging users to reconsider using the cryptocurrency exchange due to ongoing issues with its platform. In a response to a post by Coinbase on X, the blockchain investigator appeared to mock the exchange’s statement, which claimed, “The future of money is more open, free, and efficient.” ZachXBT alleged that Coinbase had locked him out of his account without providing a reason. He also highlighted a recent security breach involving the leak of customer data, which the exchange has yet to fully disclose, resulting in thefts. “I cannot recommend Coinbase - [BONE Volume Skyrockets Over 150%, Igniting Interest Amid Price Dip](https://news.shib.io/2025/04/07/bone-volume-skyrockets-over-150-igniting-interest-amid-price-dip/): Exploding BONE volume captures intense market focus, soaring over 150% in a dramatic display of trading intensity that ignites widespread interest even as the token experiences a significant price dip. The market for Bone ShibaSwap (BONE), a key token in the Shiba Inu ecosystem, witnessed extraordinary activity in recent trading. While the token’s price faced downward pressure, the sheer amount of trading exploded, signaling a potentially pivotal moment of heightened engagement and speculation. Data from CoinMarketCap highlighted this divergence. The 24-hour trading volume for BONE surged to nearly $11 million.  This wasn’t just a minor uptick but it represented a - [Shiba Inu Price Forms Falling Wedge, Breakout Toward ATH Eyed](https://news.shib.io/2025/04/07/shiba-inu-price-forms-falling-wedge-breakout-toward-ath-eyed/): Shiba Inu price coils tighter within a falling wedge pattern, stirring hopes of a breakout that could rewrite its all-time high. A new analysis points that the meme coin’s month-long squeeze signals quiet accumulation, a calm that may precede a storm. Beneath the surface of recent market fluctuations, a technical formation is taking shape on the Shiba Inu charts that has caught the attention of traders. The pattern suggests a period of consolidation might be nearing an end, potentially setting the stage for a significant upward move for the popular cryptocurrency. Crypto trader @army_shiba recently highlighted this development on the - [Immersive Education: How the Metaverse Is Shaping the Future of Learning](https://news.shib.io/2025/04/07/immersive-education-how-the-metaverse-is-shaping-the-future-of-learning/): Imagine attending a history class where you’re not just reading about ancient Rome — you’re walking through the Colosseum, feeling the echoes of gladiators and hearing the roar of the crowd as if it’s all happening right in front of you. This is the magic of immersive education in the metaverse, where the boundaries of traditional learning dissolve and the classroom stretches into a digital world full of interactive, real-time experiences.  The metaverse, a rapidly evolving digital universe of interconnected virtual spaces, is quickly becoming a game-changer for education, offering endless opportunities to blend the digital and physical in exciting - [BEWARE: Poisoned Emails Are Draining Crypto Wallets](https://news.shib.io/2025/04/07/beware-poisoned-emails-are-draining-crypto-wallets/): Digital thieves deploy poisoned emails in widespread attacks on crypto wallets, tricking users with fake security phrases sent from compromised accounts to steal funds directly from their wallets. How Email Phishing Powers New Attacks on Crypto Wallets  The operation often starts with a breach. Attackers use phishing techniques – sending deceptive emails with malicious links or attachments – to steal login credentials for business tools. Specifically, they target accounts associated with customer relationship management (CRM) software and bulk email providers like Mailchimp, SendGrid, and Hubspot, according to analysis by security firm Silent Push. Once inside these systems, the attackers may - [More Than 50% of Americans Eye Crypto for Future Investments – Report](https://news.shib.io/2025/04/04/more-than-50-of-americans-eye-crypto-for-future-investments-report/): A recent survey reveals that over 50% of Americans are eager to use cryptocurrency for investment purposes. The 2025 State of Crypto Holders Report, published by the National Cryptocurrency Association (NCA), highlights this growing trend among potential investors. According to the report, 52% of crypto owners are primarily interested in using digital assets to enhance their financial futures over the next two to three years. This optimism is reflected in various ways that cryptocurrency has positively impacted their lives. For instance, 44% of respondents report a sense of achievement from investment gains, while 42% appreciate the diversification it brings to - [Here’s How Futures Trading Can Help Crypto, With Real Adoption](https://news.shib.io/2025/04/04/heres-how-futures-trading-can-help-crypto-with-real-adoption/): Due to their ease of creation, cryptocurrencies have had a bad reputation, often associated with pump and dump scams and rug pulls for quick enrichment. This is one of the main reasons why Bitcoin, which is reliant on its mining infrastructure capex, gained so much traction instead. Bitcoin’s proof-of-work layer serves as a confidence-boosting bulwark against duplication despite being digital as the rest of cryptocurrencies. Within the crypto sector, memecoins are especially perceived as ephemeral and highly speculative. Not only are there 1,371 of them, which itself brings capital dilution pressure, but meme-related narratives can be redirected into other directions, - [Anti-CBDC Bill Advances with 27-22 Vote in House Committee Alongside Other Key Legislation](https://news.shib.io/2025/04/04/anti-cbdc-bill-advances-with-27-22-vote-in-house-committee-alongside-other-key-legislation/): During a full committee markup on Wednesday, the House Committee on Financial Services, led by Chairman French Hill (AR-02), approved the CBDC Anti-Surveillance State Act and other critical legislation. The CBDC Anti-Surveillance State Act passed the House Financial Services Committee with a narrow 27-22 vote. This bill aims to stop the Federal Reserve from issuing a digital dollar, citing concerns over financial surveillance and the risk of the central bank becoming a retail banking entity. It prohibits the Federal Reserve System from deploying a CBDC through intermediaries and blocks the use of digital currency for monetary policy.  Rep. Tom Emmer (R-MN), - [Itaú Unibanco Explores Stablecoin Launch Amid Brazil’s Regulatory Shifts](https://news.shib.io/2025/04/04/itau-unibanco-explores-stablecoin-launch-amid-brazils-regulatory-shifts/): Itaú Unibanco, the largest bank in Brazil and Latin America, is actively considering the issuance of an in-house stablecoin as digital assets gain traction in the financial sector.  The bank’s leadership has emphasized the growing importance of blockchain technology for transaction settlement and is assessing how stablecoins could integrate into its business model. The potential for a stablecoin tied to the Brazilian real remains on the table, with Itaú Unibanco exploring whether such an asset would benefit its customers.  The bank is also closely monitoring stablecoin developments at other financial institutions, as well as ongoing regulatory efforts in Brazil that - [Rippling Accuses Deel of Corporate Espionage in Legal Battle](https://news.shib.io/2025/04/04/rippling-accuses-deel-of-corporate-espionage-in-legal-battle/): Human resources software company Deel Inc. is facing allegations of corporate espionage after a former employee of competitor Rippling reportedly confessed to spying under the direction of Deel’s CEO, Alex Bouaziz. According to an affidavit unsealed in an Irish court, the ex-employee, Keith O’Brien, admitted to receiving approximately €5,000 per month to pass on confidential information about Rippling, including corporate strategies, customer insights, and internal communications.  O’Brien reportedly stated that Bouaziz had encouraged him to remain at Rippling and act as an informant, even referencing the idea of being “like James Bond.” Payments were allegedly coordinated through Deel CFO Philippe - [10-Year Dormant Bitcoin Stirs: 1,000 BTC Moved, What’s Next?](https://news.shib.io/2025/04/04/10-year-dormant-bitcoin-stirs-1000-btc-moved-whats-next/): Decade-old dormant Bitcoin awakens. More than 1,000 BTC suddenly shift on the blockchain after sitting untouched for up to ten years. The move sends ripples through the market, leaving analysts and traders asking: what happens next? The significant on-chain movement was flagged by the blockchain analytics platform CryptoQuant this week. Its data tracked a transaction involving 1,057 Bitcoin that had not been moved for a period between 7 and 10 years. Market analyst J.A. Maartun highlighted the event on the social platform X. “Old coins are stirring,” he observed, pointing specifically to the 1,057 BTC transfer. According to Maartun, this - [FBI Recovers $8M Stolen in Kansas Bank Crypto Fraud](https://news.shib.io/2025/04/04/fbi-recovers-8m-stolen-in-kansas-bank-crypto-fraud/): The FBI has recovered $8.2 million stolen in a cryptocurrency scheme that led to the collapse of Heartland Tri-State Bank in Elkhart, Kansas, returning the funds to local shareholders nearly a year after the Kansas bank crypto fraud issue was uncovered. The bank’s former CEO, Shan Hanes, was sentenced to 24 years in prison in 2024 after siphoning $47 million into a crypto investment scam, as previously reported by The Shib Daily.  While customer deposits were federally insured, about 30 shareholders — many of them farmers and small-business owners — lost their life savings when the bank failed. Investigators traced - [Shiba Inu Price Could Surge 14x Amid Mixed Market Signals](https://news.shib.io/2025/04/04/shiba-inu-price-could-surge-14x-amid-mixed-market-signals/): Shiba Inu stares down a dramatic forecast. One analyst now projects a potential 14-fold surge based on technical charts. Yet this bullish call directly confronts a complex market picture, featuring slight increases in the Shiba Inu price alongside recent indicators unfavorable to SHIB longs. The forecast originated from an analyst using the handle @CryptooELITES on the social platform X on Thursday. The analyst shared a technical chart for the SHIB token paired against USDT.  They pointed to specific patterns interpreted as a “strong buy zone” and projected a price target implying a roughly 14-fold increase from recent levels. Technical analysis - [FDUSD Firestorm: Sun Presses Fraud Case with Hong Kong Officials](https://news.shib.io/2025/04/04/fdusd-firestorm-sun-presses-fraud-case-with-hong-kong-officials/): The battleground shifts from social media to formal channels. Crypto figure Justin Sun now presses explosive fraud allegations against First Digital Trust, issuer of the FDUSD stablecoin, directly with Hong Kong lawmakers and regulators. His move escalates a bitter dispute that puts hundreds of millions of dollars, and the city’s financial reputation, squarely in the spotlight. Sun, a Chinese-born cryptocurrency entrepreneur, business executive and founder of TRON, detailed his actions earlier this week. He announced on the social platform X that he had taken concrete steps beyond online posts. Justin Sun Escalates FDUSD Fraud Fight to Hong Kong Regulators The - [BONE Volume Soars 50%, Long-Term Holders Stay Strong](https://news.shib.io/2025/04/03/bone-volume-soars-50-long-term-holders-stay-strong/): BONE volume exploded over 50% in 24 hours, yet this trading surge overlays deep holder conviction, with 87% holding long-term. While spot markets ignite, cautious derivatives data reveals a split sentiment surrounding Shibarium’s vital gas token. Behind the Surge: Understanding the BONE Volume Spike The significant 54.15% increase in 24-hour trading volume, pushing it to $8.49 million according to data from CoinMarketCap, signifies renewed market focus on Bone ShibaSwap (BONE). This uptick in spot market activity often points towards increased buying pressure, potential strategic accumulation, or simply more participants actively trading the token.  Given BONE’s essential function as the gas - [Shibarium Hits 1B Completed Transactions—Milestones Keep Coming](https://news.shib.io/2025/04/03/shibarium-hits-1b-completed-transactions-milestones-keep-coming/): Shibarium just hit its billionth completed transaction, and the momentum shows no signs of slowing down. With every new milestone, the network proves its growing power, fueling confidence in its role as the backbone of the Shiba Inu ecosystem. Just a few days after processing over 1 billion transactions, Shiba Inu’s Layer-2 scalability solution, Shibarium, shows no signs of slowing down. The network continues to ramp up its transaction volume, showcasing unprecedented levels of activity and growing adoption. What began as a bold vision for scaling Shiba Inu’s ecosystem is rapidly becoming a critical infrastructure, and this surge is a - [Decentralized Social Media: Building a More Open and Transparent Internet](https://news.shib.io/2025/04/03/decentralized-social-media-building-a-more-open-and-transparent-internet/): In today’s digital age, social media has become an essential part of our daily lives. Whether it’s keeping in touch with friends, sharing personal milestones, or staying updated with the latest trends, platforms like Facebook, Instagram, and X have dominated the online space. But what if the very platforms we rely on every day weren’t controlled by a handful of powerful corporations? What if there was a new way to connect, share, and communicate, one that was more transparent, open, and, most importantly, in the hands of the users? Enter decentralized social media. This new wave of social media is - [Crypto and Financial Inclusion: Unlocking Opportunities in the Developing World](https://news.shib.io/2025/04/03/crypto-and-financial-inclusion-unlocking-opportunities-in-the-developing-world/): In many parts of the world, financial inclusion isn’t as simple as walking into a bank and signing up for an account. Some people live miles away from the nearest branch, while others are blocked by endless paperwork, high fees, or strict requirements. Yet, smartphones are everywhere—acting as a gateway to the digital world and offering new opportunities to access financial services without the barriers of traditional banking. Despite this, billions remain financially excluded, relying on cash, expensive remittance services, or risky informal lenders. Traditional banking systems often fail them, making it difficult to save, send, or receive money securely. - [Choosing the Right Crypto Wallet: Guide to Secure Digital Storage](https://news.shib.io/2025/04/03/choosing-the-right-crypto-wallet-guide-to-secure-digital-storage/): Welcome to the world of digital currencies! If you’re ready to explore the exciting realms of Bitcoin, Ethereum, and beyond, there’s one essential tool you’ll need: a crypto wallet . Just like you store your physical money in a wallet, your digital currencies need a secure place to be kept too. Crypto wallets are essential in the blockchain technology space because they help you store, send, and receive your cryptocurrencies securely. Without the right wallet, your assets could be at risk, so choosing the right one is super important. There are different types of wallets to suit different needs, from - [Understanding Blockchain Technology: A Simple Explanation](https://news.shib.io/2025/04/03/understanding-blockchain-technology-a-simple-explanation/): Welcome to the world of blockchain technology! You’ve probably heard the buzz around it, but what does it really mean? In a nutshell, blockchain is the backbone of cryptocurrencies like Bitcoin and Ethereum, but its magic goes way beyond just digital money. It’s a revolutionary technology that’s reshaping industries, from banking and healthcare to supply chains and voting systems. In short, blockchain is like a super-secure, digital ledger that’s helping build the future of the internet. Now, we get it—blockchain can sound a bit like tech wizardry. With all its cryptographic magic, decentralized networks, and complex jargon, it can be - [Achieving Financial Independence Through NFTs: Is It a Viable Strategy?](https://news.shib.io/2025/04/03/achieving-financial-independence-through-nfts-is-it-a-viable-strategy/): Picture this: You quit your 9-to-5, swap your office chair for a beach lounger, and fund your new carefree lifestyle with JPEGs of pixelated apes. Sounds ridiculous, right? Yet, for a while, that was the dream many chased in the non-fungible token (NFT) gold rush. Stories of overnight millionaires and jaw-dropping sales made it seem like financial independence was just one digital collectible away. But here’s the big question—can NFTs actually be a sustainable way to break free from the paycheck-to-paycheck grind, or is it all just speculative hype wrapped in blockchain buzzwords? While some have struck digital gold, others - [SHIB Army Tightens Grip: Hodlers Surge, Speculators Flee!](https://news.shib.io/2025/04/03/shib-army-tightens-grip-hodlers-surge-speculators-flee/): A dramatic shift unfolds for the SHIB Army: Short-term traders are vanishing, their numbers plummeting by over 26%, while the core army of long-term ‘Hodlers’ actively swells, growing by 3.53%. This consolidation of belief isn’t happening in silence – SHIB trading volume simultaneously explodes by nearly 39% to $321 million, signaling powerful market energy meeting hardening conviction among the coin’s dedicated base. Shib Army Core Strengthens Considerably The latest data from on-chain analytics IntoTheBlock paint a clear picture: Shiba Inu’s foundation is getting stronger. The number of addresses holding SHIB for over a year – the true “Hodlers” – has - [Shib.io Levels Up with New Feature to Boost Experience](https://news.shib.io/2025/04/03/shib-io-levels-up-with-new-feature-to-boost-experience/): Shib.io supercharges SHIB experience with its sleekest update yet—cutting clicks, boosting speed, and making DeFi smoother than ever. Streamlining Navigation on Shib.io The introduction of the “Quick Menu” addresses the growing complexity of the Shiba Inu universe accessible through shib.io. As the ecosystem expands with projects like the Shibarium layer-2 network, the ShibaSwap decentralized exchange and new tokens such as TREAT, navigating the official website to find specific tools or information could become time-consuming.  Shib.io serves as the central repository for official announcements, development updates, community resources, and interactive tools. The Quick Menu acts as a persistent navigational aid, likely - [Breaking a Billion](https://news.shib.io/2025/04/02/breaking-a-billion/): Read the latest edition of The Shib Magazine here. - [Govt Tightens Grip on Seized Crypto as Russia Plans Sale, US Audits](https://news.shib.io/2025/04/02/govt-tightens-grip-on-seized-crypto-as-russia-plans-sale-us-audits/): Governments are tightening their grip on seized crypto, with Russia preparing to offload confiscated Bitcoin while the U.S. moves to audit its massive digital asset stockpile. The fate of billions in crypto now hangs in the balance, sparking market jitters and policy shifts worldwide. Russia Moves to Liquidate Seized Crypto Assets Russia’s Federal Bailiff Service is working on procedures to convert seized Bitcoin into state revenue, following a high-profile criminal case. Dmitry Aristov, head of the service, called Bitcoin “a problematic asset” at a recent government meeting, noting the challenge in liquidating it.  “Now we are working with the relevant - [ZkLend Hacker Loses Stolen ETH to Phishing Scam](https://news.shib.io/2025/04/02/zklend-hacker-loses-stolen-eth-to-phishing-scam/): The hacker behind the $9.6 million hack of ZkLend in February has claimed that they have fallen victim to a phishing website which impersonated non-custodial crypto mixer Tornado Cash resulting in a loss of a significant amount of the stolen funds.  Blockchain analytics platform Lookonchain reported that the zkLend hacker stole 2,930 Ethereum (ETH), valued at approximately $5.4 million. In a post on X, the platform shared a screenshot of an on-chain message sent to zkLend via Etherscan on March 31, in which the hacker claimed they had lost the stolen funds to a phishing website. “I am devastated. I - [Bybit Closes NFT Marketplace as Interest Drops](https://news.shib.io/2025/04/02/bybit-closes-nft-marketplace-as-interest-drops/): Crypto exchange Bybit has announced that it is closing down its NFT marketplace, Inscription Marketplace, and IDO product pages, signaling a possible shift in the NFT scene.  “This change will take effect on April 8, 2025, at 16:00 (UTC), after which these product pages will no longer be accessible. Users are advised to take the necessary steps to manage their assets before the discontinuation date,” Bybit wrote in their announcement.  The crypto exchange explained that its decision is aimed at simplifying and enhancing its range of services. Bybit’s decision to shut down its NFT marketplace comes on the heels of - [Rep. French Hill Rejects Brian Armstrong Call for Stablecoin Interest](https://news.shib.io/2025/04/02/rep-french-hill-rejects-brian-armstrong-call-for-stablecoin-interest/): Republican Representative French Hill has rejected Coinbase CEO Brian Armstrong’s call for stablecoin interest, signaling that Congress is unlikely to approve legislation allowing users to earn yield on digital assets like USDC. During an April 1 briefing, Rep. Hill weighed in on the ongoing debate over stablecoin regulations, specifically addressing the idea of allowing users to earn interest on their holdings. Hill dismissed the proposal, emphasizing that lawmakers have not reached an agreement on the matter of.  “I hear the point of view but I don’t think that there’s consensus among the parties or the houses on having a dollar-backed - [Backpack Begins Claims Process for Former FTX EU Customers](https://news.shib.io/2025/04/02/backpack-begins-claims-process-for-former-ftx-eu-customers/): Crypto exchange Backpack has initiated the first phase of its claims process for former FTX EU users, following its acquisition of FTX’s European operations earlier this year. This development coincides with Backpack’s expansion of crypto derivatives offerings throughout the region. In a post on X on April 1, the exchange revealed that customers can now initiate a two-step process to retrieve their Euro funds through Backpack EU. Backpack has not specified a deadline for this stage of the claims process and has not yet announced when distributions will start. Users seeking withdrawals will incur a €5 ($5.39) fee for claims - [Web2 vs. Web3: Key Differences & Why They’re Important](https://news.shib.io/2025/04/02/web2-vs-web3-key-differences-why-theyre-important/): The internet has had a bit of a glow-up over the years, and the next phase — Web2 vs. Web3 — is about to change everything. Picture this: Web1 was like the early internet, a quiet library where you could read, but nobody was talking back. Then came Web2, and boom! The internet became a social hub —Facebook, Instagram, TikTok — basically the digital equivalent of a huge party where everyone’s invited to share their thoughts, memes, and questionable dance moves. It was interactive, it was fun, but… it also meant that big companies had control over pretty much everything - [Google Cloud Backs K9 Finance DAO in a Bold Web3 Play](https://news.shib.io/2025/04/02/google-cloud-backs-k9-finance-dao-in-a-bold-web3-play/): K9 Finance DAO just secured a powerhouse ally—Google Cloud. Backing its bold Web3 push, Google’s support arms K9 Finance with cutting-edge infrastructure to scale DeFi, enhance security, and drive AI innovation on the Shibarium network. K9 Finance DAO Joins Google Cloud’s Startup Program K9 Finance DAO has officially joined the Google for Startups Cloud Program, gaining access to Google’s cloud computing, artificial intelligence, and data analytics tools. This collaboration marks a significant step in K9 Finance’s mission to expand decentralized finance (DeFi) capabilities and optimize operations within the Shibarium ecosystem. As Shibarium’s largest network validator and liquid staking provider, K9 - [The Future of Cryptocurrency: 10 Predictions and Trends](https://news.shib.io/2025/04/01/the-future-of-cryptocurrency-10-predictions-and-trends/): Cryptocurrency has come a long way since the mysterious Satoshi Nakamoto launched Bitcoin in 2009. From a niche internet experiment to a global financial powerhouse, crypto has seen explosive growth, dramatic crashes, and everything in between. But what’s next? Is the future of cryptocurrency all about mass adoption, government regulations, or something even bigger? Let’s explore the predictions and trends shaping the future of cryptocurrency. 1. Mainstream Adoption: Is Crypto Going Global?  For years, crypto has been viewed as a playground for tech enthusiasts and risk-taking investors. But that’s changing. The future of cryptocurrency is moving toward mass adoption, with - [10 Benefits of Blockchain Technology Beyond Cryptocurrency](https://news.shib.io/2025/04/01/10-benefits-of-blockchain-technology-beyond-cryptocurrency/): When people hear “blockchain technology,” their minds usually jump straight to Bitcoin and other cryptocurrencies. But blockchain technology is so much more than just digital money! It’s a revolutionary way to store and transfer data securely, transparently, and efficiently. From supply chains to healthcare, this game-changing tech is transforming industries in ways you might not expect. So, let’s dive into the top 10 benefits of blockchain technology beyond cryptocurrency! 1. Unmatched Security: Say Goodbye to Hackers  Cybersecurity is a growing concern, and blockchain technology offers a powerful solution. Unlike traditional databases, which store data in one central location (making them - [Can Blockchain Technology Fix the Global Banking System?](https://news.shib.io/2025/04/01/can-blockchain-technology-fix-the-global-banking-system/): The global banking system is like an old, slow computer — functional but frustrating. Transactions take forever, fees eat into your money, and security risks are everywhere. And let’s not forget financial exclusion — millions of people around the world don’t have access to basic banking services because of geography, documentation requirements, or high costs. Enter blockchain, the tech that’s shaking things up. You’ve probably heard of it thanks to Bitcoin, but blockchain isn’t just about cryptocurrency. It’s a decentralized, secure, and transparent way of recording transactions—no middlemen needed. Instead of relying on banks to verify and process payments, blockchain - [Digital Budgeting for Teens: Guide to Managing Money](https://news.shib.io/2025/04/01/digital-budgeting-for-teens-intro-to-managing-money/): You just got paid! Whether it’s from your first job, a weekly allowance, or a surprise cash gift from a relative who still thinks you’re five, there’s nothing like the feeling of having money in your pocket (or, more likely, in your digital wallet). The question is — what happens next? Do you save it? Spend it all on snacks and the latest must-have gadget? Accidentally forget about it until your bank balance rudely reminds you that you have exactly $0.03 left? Managing money might not seem like a big deal now, but learning how to do digital budgeting right - [How Web3 Will Revolutionize Data Ownership](https://news.shib.io/2025/04/01/how-web3-will-revolutionize-data-ownership/): Every time you scroll, click, or sign up online, you’re handing over pieces of your digital identity — your interests, habits, and location. But data ownership isn’t in your hands. Big tech companies collect, control, and profit from your information, while you get nothing in return — except targeted ads and the illusion of a “personalized experience.” That’s where Web3 comes in. Unlike today’s internet — where a few powerful platforms control everything — Web3 is all about decentralization, user ownership, and transparency. Instead of handing over your data to corporations, you’ll have control over where it goes, who uses - [FTX $11.4B Payout Locks Crypto at 2022 Lows—Bullish or Brutal?](https://news.shib.io/2025/03/31/ftx-11-4b-payout-locks-crypto-at-2022-lows-bullish-or-brutal/): Billions in cash are about to hit the market, but there’s a catch. FTX, the collapsed crypto exchange, is set to distribute $11.4 billion to creditors—valuing their lost assets at the rock-bottom prices of November 2022. The decision locks in crypto’s darkest days, handing out cash while Bitcoin and Ethereum trade far above those crisis-era lows. FTX Bankruptcy Estate Prepares Cash Distribution After navigating complex bankruptcy proceedings, the estate managing the remnants of FTX has amassed significant cash reserves, reportedly totaling $11.4 billion. These funds are now earmarked for distribution to those owed money by the failed exchange.  The process - [How to Avoid the Pitfalls of NFT Investing](https://news.shib.io/2025/03/31/how-to-avoid-the-pitfalls-of-nft-investing/): NFTs (Non-Fungible Tokens) are unique digital assets stored on the blockchain, representing ownership of art, music, virtual land, and more. Unlike cryptocurrencies like Bitcoin, which are interchangeable, NFTs are one-of-a-kind. This uniqueness has fueled the rise of NFT investing, attracting artists, collectors, and investors looking to buy, sell, and trade digital assets. While some NFTs have sold for millions, investing in them comes with risks. Prices can rise and fall quickly, and some NFTs may lose value entirely. Scams and fraudulent projects are also common, with fake sellers and misleading promises tricking buyers. Additionally, NFTs can be hard to resell, - [Decentralized Workforce and the Future of Work: The Rise of Web3](https://news.shib.io/2025/03/31/decentralized-workforce-and-the-future-of-work-the-rise-of-web3/): The internet is evolving, and Web3 is at the center of this transformation. Built on blockchain, it gives users more control over their data, digital assets, and online interactions. Unlike today’s Web2, where large companies dominate platforms, Web3 is decentralized — power is distributed, enabling greater autonomy and fostering a decentralized workforce. Traditional jobs rely on companies hiring employees who work under fixed contracts, often tied to specific locations. In contrast, a decentralized workforce operates through blockchain-based platforms, smart contracts, and digital currencies, allowing people to work remotely, collaborate globally, and earn in new ways. This shift is creating new - [Blockchain in Voting: Ensuring Secure and Transparent Elections](https://news.shib.io/2025/03/31/blockchain-in-voting-ensuring-secure-and-transparent-elections/): Voting is the backbone of democracy, ensuring people have a voice in shaping their communities. Implementing blockchain in voting can enhance security, transparency, and trust in election results. However, traditional voting methods face several challenges. Security risks are a major concern, as paper ballots can be lost or tampered with, and electronic voting systems are vulnerable to hacking. Lack of transparency is another issue — voters often have to trust centralized authorities without a way to independently verify results. Additionally, low voter turnout remains a problem, as inconvenient voting processes discourage participation, especially for those unable to vote in person. - [Crypto Market Cycles: Identifying Bull and Bear Markets](https://news.shib.io/2025/03/31/crypto-market-cycles-identifying-bull-and-bear-markets/): Crypto prices don’t move in a straight line — they go through cycles of ups and downs, known as market cycles. At times, prices soar, optimism is high, and everyone seems to be investing. Other times, prices fall, fear takes over, and many sell at a loss. These phases are called bull and bear markets. Understanding these cycles is important for investors because it helps them make smarter decisions. Instead of buying when prices are high out of excitement or selling when they drop out of fear, knowing how market trends work can help avoid costly mistakes. In this article, - [The Metaverse: Virtual Worlds and Their Potential](https://news.shib.io/2025/03/31/the-metaverse-virtual-worlds-and-their-potential/): The metaverse is a network of virtual worlds where people connect, work, and play through digital avatars. Think of it as an immersive evolution of the internet, driven by technologies like virtual reality (VR), augmented reality (AR), and blockchain. Once a sci-fi concept popularized by Neal Stephenson’s 1992 novel Snow Crash, it’s now taking shape through platforms like Meta’s Horizon Worlds, Roblox, and Decentraland. Recently, interest in the Metaverse has exploded. Better VR technology, digital ownership through blockchain (like NFTs), and the shift to remote work have made virtual spaces more useful and appealing. Big companies are investing in it, - [FDIC Eases Crypto Rules for Banks, Drops Approval Hurdle](https://news.shib.io/2025/03/31/fdic-eases-crypto-rules-for-banks-drops-approval-hurdle/): The FDIC shakes up crypto banking rules, scrapping a key approval requirement and giving financial institutions more freedom to engage with digital assets—so long as they can handle the risks. Prior FDIC Notification Rule Rescinded The Federal Deposit Insurance Corporation announced Friday it is withdrawing a specific directive issued just two years ago. That rule, known formally as Financial Institution Letter FIL-16-2022, had required banks supervised by the FDIC to formally notify the agency and wait for its non-objection before initiating any crypto-related activities. This prior notification system served as a distinct checkpoint for banks venturing into the digital asset - [Game Changer? Japan Moves to Classify Crypto as a Financial Product](https://news.shib.io/2025/03/31/game-changer-japan-moves-to-classify-crypto-as-a-financial-product/): Japan is poised to shake up the crypto landscape. Regulators are evaluating a fundamental reclassification that could bring digital assets under the same legal umbrella as traditional financial instruments—tightening oversight, cracking down on insider trading, and potentially slashing crypto taxes. Japan FSA Explores Amending Financial Instruments Act Japan’s financial regulator is considering revising national law to treat cryptocurrencies as financial products, a move that would involve new rules targeting insider trading, Nikkei reported Sunday. The reported plan involves Japan’s Financial Services Agency (FSA) seeking amendments to the Financial Instruments and Exchange Act (FIEA), the country’s primary law governing securities.  According - [Rally Ahead? Shiba Inu Treat Trading Volume Soars Triple Digits](https://news.shib.io/2025/03/31/rally-ahead-shiba-inu-treat-trading-volume-soars-triple-digits/): Activity explodes around Shiba Inu Treat. Trading volume skyrockets, surging by triple digits in just 24 hours, far outpacing a modest price uptick.  Shiba Inu Treat Trading Volume Surges Dramatically The most striking development for Shiba Inu Treat (TREAT) is the sharp increase in trading activity over the past day. According to data sourced from CoinMarketCap, the 24-hour trading volume for the token reached $4.41 million. This figure represents a remarkable surge of 183.18 percent compared to the volume recorded in the preceding 24-hour period. Such a significant increase indicates a substantial uptick in buying and selling interest. It suggests - [Shibarium Breaks Out! 3M+ Transactions Fuel Massive Momentum](https://news.shib.io/2025/03/31/shibarium-breaks-out-3m-transactions-fuel-massive-momentum/): Shibarium surges with activity. Millions of transactions flood the network daily, pushing user engagement to new highs. The Layer 2 network crackles with renewed energy, breaking past recent milestones and signaling a potent shift in momentum as March closes. Shibarium Transaction Volume Explodes Nearly Tenfold The clearest indicator of Shibarium’s accelerating pulse is its daily transaction volume, a core measure of network utility and application usage. Data from Shibariumscan reveals a dramatic escalation.  On March 23, the network processed a respectable 326,529 transactions. Just six days later, on March 29, that figure exploded to over 3.2 million.  This near tenfold - [BONE Price Eyes Breakout, But Key Resistance Stands in Way](https://news.shib.io/2025/03/28/bone-price-eyes-breakout-but-key-resistance-stands-in-way/): The price of Bone ShibaSwap (BONE) hovers at a critical juncture, showing signs of an upward push even as a formidable resistance level looms. Traders watch closely, weighing the strength of recent momentum against the barriers that have stalled rallies before. BONE Technical Analysis: RSI Suggests Bullish Momentum The daily chart for Shibarium’s gas fee token offers clues about its potential direction. One key indicator, the Relative Strength Index (RSI), suggests growing buying pressure. As of Friday, the RSI (14, close) reads approximately 58.53. Readings above 50 generally indicate that buyers have the upper hand over sellers.  This upward trend - [Shiba Inu Gears Up for Takeoff: Key Breakout Levels in Sight](https://news.shib.io/2025/03/28/shiba-inu-gears-up-for-takeoff-key-breakout-levels-in-sight/): Shiba Inu is coiling like a spring, primed for its next explosive move. Analysts say the dog-themed meme coin is flirting with a breakout, testing key resistance levels that could ignite a fresh rally. Will SHIB bulls seize control and send prices soaring, or is a sharp pullback lurking in the shadows? Shiba Inu Price Analysis: Bullish Outlook Crypto analyst CryptoWizard101 has been closely monitoring Shiba Inu’s price action, and their analysis suggests a potential bullish breakout is on the horizon. “Shiba Inu price hit our target of 0.000015 before pulling back to the 0.000014 level,” CryptoWizard101 noted. “It seems - [Bitcoin Caught in Crossfire: Retail Weakens, Institutions Buy the Dip](https://news.shib.io/2025/03/28/bitcoin-caught-in-crossfire-retail-weakens-institutions-buy-the-dip/): Bitcoin stands at a crossroads, caught between fading retail confidence and a surge of institutional buying. On one side, small traders retreat, spooked by uncertainty. On the other, deep-pocketed investors scoop up BTC, signaling a battle for the next big move. The question looms: Will institutional demand fuel a breakout, or is retail’s retreat a warning of trouble ahead? Bitcoin Retail Sentiment: A Potential Warning Sign Hyblock Capital, in a report seen by The Shib Daily, highlighted a concerning trend: weakening retail sentiment in the Bitcoin market. Shubh Varma, CEO and Co-founder of Hyblock Capital, pointed to a key metric - [SBF Potential Pardon Questioned by Sen. Kennedy in SEC Nominee Hearing](https://news.shib.io/2025/03/28/sbf-potential-pardon-questioned-by-sen-kennedy-in-sec-nominee-hearing/): U.S. Senator John Kennedy has questioned U.S. Securities and Exchange Commission (SEC) chairman nominee Paul Atkins during a Senate Banking Committee hearing over speculation of a potential pardon for former FTX CEO Sam Bankman-Fried. During the March 27 hearing, Senator Kennedy pressed Atkins on issues related to Bankman-Fried including questions about donations made by the former FTX CEO’s family to Stanford University.  “There should not be two standards of law and punishment for people in America. And every time you come to this committee, I am going to pounce on you like a ninja to find out what the SEC - [EU Proposes Full Capital Reserves for Insurers’ Crypto Holdings](https://news.shib.io/2025/03/28/eu-proposes-full-capital-reserves-for-insurers-crypto-holdings/): The European Union’s insurance regulator has put forward a new rule that would require insurers to hold capital reserves equal to their crypto holdings. Citing the “inherent risks and high volatility” of digital assets, the proposal aims to strengthen financial safeguards and protect policyholders from potential market instability. The European Insurance and Occupational Pensions Authority (EIOPA) outlined the proposal in a Technical Advice report to the European Commission. Unlike other asset classes such as stocks and real estate, which do not require full backing, the proposed measure would mandate insurers to maintain capital reserves equal to the value of their - [DOJ Seizes $200K in Crypto Linked to Hamas Fundraising Efforts](https://news.shib.io/2025/03/28/doj-seizes-200k-in-crypto-linked-to-hamas-fundraising-efforts/): The U.S. Department of Justice has confiscated more than $200,000 in cryptocurrency from at least 17 digital wallets, alleging the funds were intended to support Hamas. On March 27, the DOJ revealed it seized cryptocurrency from fundraising addresses allegedly tied to the militant group. Officials claim these wallets have facilitated the laundering of more than $1.5 million in digital assets since October 2024. According to court documents, an encrypted messaging group claiming ties to Hamas shared rotating cryptocurrency addresses with supporters worldwide. Followers were reportedly encouraged to send funds to these addresses to aid the organization. The funds were then - [Congress Moves to Regulate Stablecoins with New STABLE Act Proposal](https://news.shib.io/2025/03/28/congress-moves-to-regulate-stablecoins-with-new-stable-act-proposal/): U.S. lawmakers have unveiled the STABLE Act, aiming to bring clearer oversight to stablecoins by integrating traditional financial safeguards with digital asset regulations. The proposed legislation seeks to enhance transparency and accountability as the market for stablecoins continues to expand. The proposal introduced by Representatives Bryan Steil and French Hill details regulatory guidelines for issuing dollar-backed stablecoins, emphasizing transparency and consumer protection.  The Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act is now under review in the Senate after securing bipartisan support and advancing through the Banking Committee. Additionally, the U.S. Senate Banking Committee has moved forward - [SEC Concludes Crypto.com Investigation with No Enforcement Action](https://news.shib.io/2025/03/28/sec-concludes-crypto-com-investigation-with-no-enforcement-action/): The U.S. Securities and Exchange Commission (SEC) has ended its investigation into Crypto.com, concluding a seven-month review that began with a Wells notice over the platform’s token sales. Crypto.com CEO Kris Marszalek announced on X that the SEC has officially closed its investigation into the exchange, confirming that regulators will not be pursuing any enforcement action. “I continue to be proud of how this industry and its community have weathered storm after storm, with the most prolific being the previous U.S. Administration’s war on crypto,” Marszalek wrote.  Additionally, he alleged that the SEC employed various measures to hinder Crypto.com’s operations, - [Shib's Quantum Leap](https://news.shib.io/2025/03/27/shibs-quantum-leap/): Read the latest edition of The Shib Magazine here. - [Russian Economist Warns Bitcoin Reserve is a Risky Bet](https://news.shib.io/2025/03/27/russian-economist-warns-bitcoin-reserve-is-a-risky-bet/): Valentin Katasonov, the Chairman of the S. F. Sharapov Russian Economic Society and a Doctor of Economics, has urged caution over Russia establishing a crypto reserve, warning of potential economic risks. The Russian economist argued that cryptocurrency is not a legitimate form of money but rather a speculative asset that could threaten economic stability, according to local media outlet MoneyTimes. Katasonov likened the idea of establishing a national crypto reserve to “laying landmines” in Russia. “This is a means of inflating bubbles. If the bubble bursts, it will be good if the economy holds up, but there will still be - [Binance Exec Tigran Gambaryan Speaks Out on Detention in Nigeria](https://news.shib.io/2025/03/27/binance-exec-tigran-gambaryan-speaks-out-on-detention-in-nigeria/): Binance executive Tigran Gambaryan has accepted The Digital Chamber’s first-ever Hero Award at the DC Blockchain Summit in Washington, D.C., where he has shared details about his detention in Nigeria and the events leading to his release. At the summit — one of his first public appearances since his detention — Binance’s head of financial crime compliance told the audience that the Nigerian government had effectively held him hostage. Gambaryan suggested that the charges brought against him were merely a pretext to “get something” from Binance. “It was around the time the [United Nations] General Assembly in 2024 happened is - [Jelly Token Controversy: Bitget CEO Criticizes Hyperliquid's Response](https://news.shib.io/2025/03/27/jelly-token-controversy-bitget-ceo-criticizes-hyperliquids-response/): Bitget CEO Gracy Chen has criticized Hyperliquid’s handling of JELLY token perpetual futures delisting, citing concerns over suspicious trading activity and centralization. Chen took to X to criticize Hyperliquid’s handling of the JELLY incident, warning that the platform could be on track to becoming “FTX 2.0.” She described the exchange’s actions as “immature, unethical, and unprofessional,” stating that they caused user losses and raised serious concerns about its integrity. “Despite presenting itself as an innovative decentralized exchange with a bold vision, Hyperliquid operates more like an offshore CEX with no KYC/AML, enabling illicit flows and bad actors,” Chen wrote.  On - [Shiba Inu Breaks Out: 415% Surge Eyed As Strength Returns](https://news.shib.io/2025/03/27/shiba-inu-breaks-out-415-surge-eyed-as-strength-returns/): Shiba Inu is flashing strength after a decisive breakout, and a crypto analyst believes it could skyrocket by 415%. As SHIB holds its ground above key resistance, signs of renewed momentum hint at an explosive rally ahead. The bullish prediction came from crypto analyst Javon Marks (@JavonTM1 on X), who recently shared his technical perspective on the social media platform X. Marks highlighted a crucial development in Shiba Inu’s price chart: the token has decisively moved above, and subsequently held, levels that previously acted as significant resistance.  Analyst Points to Key Shiba Inu Breakout According to Marks’ analysis, the significance - [Shibarium Erupts: 4,000% User Surge, Transactions Soar](https://news.shib.io/2025/03/27/shibarium-erupts-4000-user-surge-transactions-soar/): Shibarium ignites with a surge of new users, its daily sign-ups rocketing over 4,000%, while transaction volumes swell at a breakneck pace. From developers deploying fresh smart contracts to users flooding the network, adoption is not just growing but erupting. Recent on-chain data paints a picture of rapidly accelerating growth for Shibarium, the Layer 2 scaling solution underpinning much of the Shiba Inu ecosystem. Key metrics tracked by Shibariumscan reveal substantial increases across user engagement, transaction volume, and developer activity, suggesting the network is gaining significant traction. The most striking figures relate to user adoption and engagement. The number of - [MEXC Cracks Down on Large-Scale Crypto Market Manipulation](https://news.shib.io/2025/03/27/mexc-cracks-down-on-large-scale-crypto-market-manipulation/): Cryptocurrency exchange MEXC has uncovered and shut down a large-scale market manipulation scheme after an internal investigation. The probe revealed two coordinated groups engaging in abusive trading tactics, prompting swift action to liquidate their positions. According to a press release on the MEXC blog, one of the two groups identified was operating in Vietnam and the other in the CIS region. Their activities included self-trading, spoofing, layering, front-running, and quote stuffing. Upon detection, MEXC halted their operations and froze the associated accounts. MEXC has raised concerns over the involvement of large groups and institutional-level actors in market manipulation schemes. According - [Web3 and the Future of Education: Blockchain’s Transformative Role](https://news.shib.io/2025/03/27/web3-and-the-future-of-education-blockchains-transformative-role/): Education hasn’t changed much in centuries — classrooms, textbooks, degrees, and lots of paperwork. But as we step into the future of education, technology like Web3 and blockchain is shaking things up, making learning more accessible, transparent, and rewarding. These concepts might sound complicated, but they’re actually pretty simple at their core. Web3 is like the internet leveling up, giving people more control over their data. And blockchain? Think of it as an ultra-secure digital vault where information can’t be faked or lost. While it’s famous for crypto, its real superpower might just be transforming education. Let’s face it — - [Binance Employee Suspended for Insider Trading](https://news.shib.io/2025/03/26/binance-employee-suspended-for-insider-trading/): Crypto exchange Binance has suspended a staff member from its Binance Wallet team amid allegations of insider trading. An internal investigation is underway. In a statement on X, Binance Wallet revealed that its Internal Audit team initiated an investigation on March 23 after receiving a complaint accusing a staff member of using insider information for personal financial gain through front-running trades. “We took these allegations very seriously and immediately launched a thorough internal investigation,” the company wrote.  The preliminary investigation revealed that a Binance Wallet team member, who joined the team just a month ago, had previously worked in a - [Shiba Inu Treat Heats Up: 219% Volume Surge, Bulls Take Charge](https://news.shib.io/2025/03/26/shiba-inu-treat-heats-up-219-volume-surge-bulls-take-charge/): Shiba Inu Treat (TREAT) is on fire. Trading volume erupts 213%, sending shockwaves through the market as bulls seize control. Price action intensifies, signaling a potential breakout for Shiba Inu’s powerhouse token. Shiba Inu Treat Spot Volume Explodes Over 200% The surge is undeniable, reflected clearly in recent spot market performance. Data from CoinMarketCap shows Shiba Inu Treat posting a solid 4.65% gain over the past 24 hours, pushing its price towards $0.005552 at the time of writing. While the percentage gain is notable, the real story lies in the underlying activity driving this move. Fueling the rally is an - [Crypto Influencer Ben Armstrong Arrested Amid Ongoing Legal Battles](https://news.shib.io/2025/03/26/crypto-influencer-ben-armstrong-arrested-amid-ongoing-legal-battles/): Crypto influencer Ben Armstrong, known as “BitBoy,” was arrested in Florida shortly after disclosing on social media that a warrant had been issued for his arrest. Records from the Volusia County Division of Corrections in Florida indicate that Armstrong was taken into custody on March 25 at 7:18 p.m. local time and listed as a fugitive from justice. In the days before his arrest, Armstrong stated in a March 21 post on X that the warrants were issued because he had sent emails to Cobb County, Georgia Superior Court Judge Kimberly Childs while representing himself in legal proceedings. Armstrong also - [FDIC Removes ‘Reputational Risk,’ Easing Banking Access for Crypto](https://news.shib.io/2025/03/26/fdic-removes-reputational-risk-easing-banking-access-for-crypto/): The Federal Deposit Insurance Corporation (FDIC) has eliminated “reputational risk” from its bank supervision criteria, a policy shift that could make it easier for crypto firms to access banking services. In a post on X, the U.S. Senate Banking Committee confirmed the FDIC’s decision, stating that it follows the passage of Senator Tim Scott’s Financial Integrity and Regulation Management (FIRM) Act, which aims to eliminate reputational risk considerations across all federal banking regulators. The Senate Banking Committee has approved the FIRM Act with a 13-11 party-line vote. The legislation aims to ensure that banks make decisions based on concrete financial - [Ripple Reaches $50M SEC Settlement as Lawsuit Nears End](https://news.shib.io/2025/03/26/ripple-reaches-50m-sec-settlement-as-lawsuit-nears-end/): Ripple Labs has reached a settlement with the SEC, bringing an end to their prolonged legal battle. As part of the agreement, Ripple will pay a $50 million penalty and withdraw its cross-appeal. The resolution marks a key moment in the broader regulatory discussion surrounding digital assets. Chief Legal Officer Stuart Alderoty shared the news with the community in a post on X, finalizing the terms of its legal dispute. As part of the agreement, the U.S. Securities and Exchange Commission (SEC) will retain $50 million of the original $125 million penalty, with the remaining amount returned to Ripple. “The - [The Future of Web3: 5 Trends and Predictions for the Next Decade](https://news.shib.io/2025/03/26/the-future-of-web3-5-trends-and-predictions-for-the-next-decade/): Remember when the internet was just dial-up tones and clunky chatrooms? Then came social media, streaming, and online shopping taking over our lives. Well, get ready — because the future of Web3 is here. Say hello to the next evolution of the internet, where users have more control, digital money flows freely, and ownership actually means something. So, what exactly is Web3? Think of it as the internet on blockchain steroids. Unlike today’s web (where big companies own your data and decide the rules), Web3 is built on decentralized technology — meaning no single company, government, or billionaire can pull - [BONE Gains Momentum as Volume and Derivatives Trading Soar](https://news.shib.io/2025/03/26/bone-gains-momentum-as-volume-and-derivatives-trading-soar/): Bone ShibaSwap (BONE) is charging ahead, its price climbing as trading volume doubles and derivatives activity surges. Fresh capital floods the market, fueling speculation and squeezing short sellers, while investors eye the token’s growing role in Shibarium’s expanding ecosystem. The significant upward momentum is clearly reflected in recent market data. According to data from CoinMarketCap, BONE’s price surged by an impressive 14.31% over the last 24 hours, pushing it to trade around $0.4059 at the time of reporting. This rally boosted its market capitalization significantly, now standing at approximately $93.33 million. Such strong price action indicates robust buying pressure and - [Shiba Inu Approaches Key Breakout as Derivatives Surge 165%](https://news.shib.io/2025/03/26/shiba-inu-approaches-key-breakout-as-derivatives-surge-165/): Shiba Inu (SHIB) could be poised for a significant rally, according to a technical analysis shared by a crypto analyst, who projects a potential 12-fold increase based on emerging chart patterns, while recent derivatives data shows a massive spike in trading activity. The heightened market activity comes as technical analysts observe potentially bullish formations on Shiba Inu’s long-term price chart. One analyst, operating under the X handle Crypto Elites, recently highlighted a pattern suggesting significant upside potential, projecting a possible 12-fold increase for the popular meme-inspired token. Crypto Elites’ analysis points to a structure resembling a “W-bottom” or inverse head - [South Korea Blocks Crypto Apps, Older Investors Flood Market](https://news.shib.io/2025/03/26/south-korea-blocks-crypto-apps-older-investors-flood-market/): South Korea throws up digital roadblocks, compelling Google to block 17 foreign crypto exchange apps from its domestic Play Store, even as a surprising silver tide floods the local market – millions of older investors are pouring into digital assets, driving unprecedented growth and creating a stark regulatory paradox for Seoul. Google Blocks Unregistered Crypto Exchange Apps in South Korea The crackdown targets platforms operating without proper registration within South Korea. Since late March, Google, acting on a government directive, prevents users in the country from installing or updating apps for exchanges including prominent names like KuCoin, MEXC, Poloniex, and - [ShibaSwap Outpaces Major DEXs with 228% Volume Growth](https://news.shib.io/2025/03/25/shibaswap-outpaces-major-dexs-with-228-volume-growth/): ShibaSwap, the decentralized exchange (DEX) at the heart of the Shiba Inu ecosystem, has experienced a remarkable surge in trading volume over the past 30 days, outpacing many established DEXs and signaling growing adoption of the platform. ShibaSwap Explosive 30-Day Trading Volume Growth Data from CryptoDiffer, compiled from DefiLlama, reveals that ShibaSwap’s trading volume increased by a staggering 228% between late February and March 25, 2024. This impressive growth places ShibaSwap fifth on CryptoDiffer’s list of “Top DEXs by trading volume growth in the last 30 days,” putting it ahead of several well-known platforms.  Understanding ShibaSwap DEX Performance This surge - [Shiba Inu Reserves Plummet as Whale Transactions Surge—Why?](https://news.shib.io/2025/03/25/shiba-inu-reserves-plummet-as-whale-transactions-surge-why/): The on-chain landscape of Shiba Inu is shifting fast—exchange reserves are drying up, and whales are making big moves. As billions of SHIB vanish from trading platforms and high-value transactions surge, traders are left questioning: accumulation or a looming sell-off? Typically, a dwindling exchange reserve is viewed as a bullish indicator. With fewer tokens readily available for sale, a potential supply crunch could push prices higher—provided demand remains strong. However, another key metric introduces uncertainty into this equation. Shiba Inu Exchange Reserves Decline—A Bullish or Bearish Signal? Data from on-chain analytics firm CryptoQuant reveals a sustained decrease in the amount - [Token Burn Reversal: ZachXBT Labels CRO a Scam After Crypto.com Backtracks on 70B](https://news.shib.io/2025/03/25/zachxbt-labels-cro-a-scam-after-crypto-com-reverses-70b-token-burn/): Blockchain investigator ZachXBT has called Crypto.com’s CRO token a scam after the platform reversed a 70 billion token burn. The decision has sparked concerns over governance transparency on the Cronos blockchain. The blockchain investigator criticized CRO in response to a recent announcement from the exchange’s CEO, Kris Marszalek. Marszalek shared news of a partnership between Crypto.com and Trump Media, the parent company of Truth Social, the media platform founded by President Donald Trump. In reaction to the post, ZachXBT alleged that CRO is “no different from a scam.”  “Your team just reissued 70B CRO a week ago that was previously - [ADGM, Chainlink Partner to Expand Blockchain Integration Efforts](https://news.shib.io/2025/03/25/adgm-chainlink-partner-to-expand-blockchain-integration-efforts/): Abu Dhabi Global Market (ADGM) partners with Chainlink to enhance blockchain integration and bridge traditional finance with decentralized technology. According to an announcement from ADGM, as part of the agreement, ADGM will gain access to Chainlink’s data feeds and interoperability solutions, enhancing its ability to integrate blockchain-based innovations. The partnership also seeks to foster discussions on emerging technologies, including blockchain and artificial intelligence, as ADGM continues to position itself as a hub for financial innovation in the region. “This strategic alliance is a significant step in further solidifying ADGM’s leadership in enabling blockchain innovation and enhancing alignment in the regulatory - [Trump Media Signs Preliminary Deal With Crypto.com to Launch ETFs](https://news.shib.io/2025/03/25/trump-media-signs-preliminary-deal-with-crypto-com-to-launch-etfs/): Trump Media & Technology Group Corp. (TMGTG), the company behind President Donald Trump’s social platform Truth Social, has signed a non-binding agreement with Crypto.com to develop a lineup of exchange-traded funds (ETFs) and exchange-traded products (ETPs) under the Truth.Fi brand. Crypto.com revealed plans to handle the backend technology and custody services for a new range of ETFs through its U.S. trust entity, Crypto.com Custody Trust Company. The platform will also supply the cryptocurrency for these funds. Investors will be able to purchase the ETFs via Foris Capital US LLC, Crypto.com’s registered broker-dealer. The rollout is scheduled for later this year, - [X Stock Lawsuit Against Elon Musk Faced Opposition from SEC Chair Mark Uyeda](https://news.shib.io/2025/03/25/x-stock-lawsuit-against-elon-musk-faced-opposition-from-sec-chair-mark-uyeda/): Mark Uyeda, the acting chair of the Securities and Exchange Commission (SEC), has reportedly been the sole commissioner to oppose suing X owner Elon Musk over his delayed disclosure of X stock. According to a Reuters report citing three sources, four out of five SEC commissioners, including Republican Hester Peirce, have voted in favor of suing Musk. The decision was made during a closed-door vote, reflecting ongoing scrutiny by the regulator. The regulator has been investigating Musk since 2022 for allegedly violating federal securities laws by failing to disclose his acquisition of more than 5% of X stock in a - [Blockchain in Music: Empowering Artists and Fans](https://news.shib.io/2025/03/25/blockchain-in-music-industry-empowering-artists-and-fans/): For decades, the music industry has been controlled by record labels, streaming platforms, and other middlemen who take a significant cut of an artist’s earnings. Musicians often struggle to get fair compensation, with royalties trickling in slowly and opaquely. Fans, on the other hand, have little say in supporting their favorite artists beyond buying albums or streaming songs — often with only a fraction of that money reaching the creators themselves. Blockchain technology is changing that. Originally built for cryptocurrencies like Bitcoin, blockchain is a decentralized and transparent digital ledger that records transactions securely. In the music industry, it has - [Virtual Economies and Commerce: Shopping, Business, and the Metaverse](https://news.shib.io/2025/03/24/virtual-economies-and-commerce-shopping-business-and-the-metaverse/): The Metaverse is a digital world where people interact, work, and shop using virtual and augmented reality. It creates immersive 3D spaces where users can connect, explore, and participate in virtual economies, buying and selling goods just like in real life. Commerce is evolving as businesses create virtual stores, digital products, and new ways for customers to shop. Instead of just browsing a website, people can walk through a virtual mall, try on digital clothing, or attend live shopping events. Payments in the Metaverse often use cryptocurrencies or NFTs, making digital ownership a key part of the economy. This article - [Russia Central Bank Governor Renews Push for Stricter Crypto Ban](https://news.shib.io/2025/03/24/russia-central-bank-governor-renews-push-for-stricter-crypto-ban/): Russia Central Bank Governor Elvira Nabiullina has announced plans for a crypto ban that would prohibit cryptocurrency transactions between residents unless conducted within Russia’s experimental legal framework. Russian media outlet RBC reported that Nabiullina emphasized the need for penalties against those who bypass the proposed crypto ban on transactions. She stated that consequences should be in place for individuals or entities using digital assets as a means of payment outside the approved legal framework. “We remain with the old position that cryptocurrencies should not be allowed as a means of payment, so we propose to introduce a ban on settlements - [Crypto Securities Laws Need Clarity, Says SEC’s Mark Uyeda](https://news.shib.io/2025/03/24/crypto-securities-laws-need-clarity-says-secs-mark-uyeda/): The U.S. Securities and Exchange’s (SEC) Acting Chair Mark Uyeda noted the legal uncertainty surrounding crypto securities laws, stressing the need for clearer regulatory guidance. At the inaugural roundtable of the SEC’s Crypto Task Force, Acting Chair Uyeda addressed the ongoing legal uncertainty surrounding the classification of crypto assets under federal securities laws.  Uyeda emphasized the importance of providing clearer guidance to market participants and suggested that the SEC should explore rule making rather than relying solely on enforcement actions to define crypto’s legal status. In his speech, the acting chair acknowledged that since Bitcoin’s creation in 2008, regulators, market - [US Treasury Lifts Tornado Cash Sanctions, Citing Innovation Value](https://news.shib.io/2025/03/24/us-treasury-lifts-tornado-cash-sanctions-citing-innovation-value/): The U.S. Department of the Treasury has lifted sanctions on Tornado Cash-linked addresses, rolling back restrictions on the crypto mixing service after legal setbacks and regulatory hurdles. The Office of Foreign Assets Control (OFAC), the agency overseeing sanctions enforcement, made the decision to remove Tornado Cash-linked addresses from the Specially Designated Nationals (SDN) list. “Based on the Administration’s review of the novel legal and policy issues raised by use of financial sanctions against financial and commercial activity occurring within evolving technology and legal environments, we have exercised our discretion to remove the economic sanctions against Tornado Cash as reflected in - [Pakistan Explores Bitcoin Mining Using Excess Energy Resources](https://news.shib.io/2025/03/24/pakistan-explores-bitcoin-mining-using-excess-energy-resources/): Pakistan Crypto Council CEO Bilal Bin Saqib has suggested harnessing the country’s excess energy for Bitcoin mining, arguing that unused power could fuel economic growth.  Saqib introduced the proposal at the council’s first meeting on March 21, emphasizing the potential benefits of integrating cryptocurrency mining into Pakistan’s energy strategy. According to The Nation, the initiative aims to create clear guidelines for cryptocurrency operations, encouraging both local and international investors to participate in Pakistan’s evolving digital economy. Key figures, including lawmakers, the Governor of the Bank of Pakistan, the Chairman of the Securities and Exchange Commission of Pakistan (SECP), and the - [BONE Surges as Bullish Breakout Signals More Upside](https://news.shib.io/2025/03/24/bone-surges-as-bullish-breakout-signals-more-upside/): BONE ShibaSwap breaks out of consolidation, surging past key resistance levels as trading volume rises. The governance and gas token of the Shiba Inu ecosystem is gaining momentum, with technical indicators pointing to sustained strength. Technical Analysis: BONE’s Decisive Breakout The TradingView chart (daily timeframe) for BONE/USDT reveals a compelling technical setup. After a prolonged period of consolidation, characterized by relatively low volatility and sideways price action, BONE has decisively broken above the upper Bollinger Band. This breakout is a significant bullish signal, often indicating the start of a new uptrend. Bollinger Band Breakout: The price surge has pushed BONE - [Microsoft Bitcoin Investment Proposal Heads to Shareholder Vote This Week](https://news.shib.io/2024/12/09/microsoft-bitcoin-investment-proposal-heads-to-shareholder-vote-this-week/): Microsoft Corp. is about to make a final decision on whether to invest in Bitcoin or not, with shareholders set to vote on the matter on December 10. The Washington-based conservative think tank, the National Center for Public Policy Research (NCPPR), filed a shareholder proposal with the U.S. Securities and Exchange Commission (SEC), titled the “Assessment of Investing in Bitcoin.” The proposal called on Microsoft to consider adding Bitcoin to its balance sheet.   The group characterized Bitcoin as “an excellent, if not the best, hedge against inflation.” The NCPPR also recently urged Amazon to explore adding Bitcoin to its strategic - [Florida Bitcoin Reserve Set to Launch Statewide by Early 2025](https://news.shib.io/2024/12/09/florida-bitcoin-reserve-set-to-launch-statewide-by-early-2025/): Samuel Armes, President of the Florida Blockchain Business Association (FBBA), has announced that the state plans to create a strategic Florida Bitcoin reserve in 2025. In a post on X, Armes then provided further details on the state’s plan to create such a treasury. He said that Florida intends to utilize its $185.7 billion pension fund and allocate a small portion to Bitcoin as a safeguard against inflation. He emphasized that assigning just one percent of this fund into Bitcoin would amount to approximately $1.87 billion. Florida’s pension fund allocates its assets to hedge funds, some of which have made investments - [Crypto-Critic Caroline Crenshaw Up For SEC Renomination](https://news.shib.io/2024/12/09/crypto-critic-caroline-crenshaw-up-for-sec-renomination/): Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw is up for renomination, with the U.S. Senate Banking Committee set to vote this week on whether to approve this move or not. According to reports, if Crenshaw is renominated and confirmed, she will serve as an SEC commissioner until 2029. However, if the Senate does not confirm her, President-elect Donald Trump may nominate someone else for the role. Crenshaw, who has been vocal in her opposition to cryptocurrency, has raised concerns within the crypto industry, with many fearing her return could lead to stricter regulations. The SEC commissioner was one of - [Trump Nominates David Sacks as White House Crypto and AI Czar](https://news.shib.io/2024/12/09/trump-nominates-david-sacks-as-white-house-crypto-and-ai-czar/): President-elect Donald Trump has named David Sacks, former PayPal Chief Operating Officer (COO) and known regulation critic, for the White House AI and Crypto Czar role. In a post on Truth Social, Trump announced that Sacks would lead the administration’s policy initiatives on artificial intelligence and cryptocurrency. The appointment aims to maintain America’s competitiveness in such rapidly growing sectors and establish the nation as the global leader in both industries. Trump further stated that Sacks’ appointment would include overseeing the protection of free speech online, ensuring that America moves away from the influence of big tech bias and censorship. According - [BONE Undervalued Gem? Analyst Predicts 5 to 20X Breakout Potential](https://news.shib.io/2024/12/08/bone-undervalued-gem-analyst-predicts-5-to-20x-breakout-potential/): BONE, the gas fee token powering Shiba Inu’s layer-2 blockchain Shibarium, is drawing attention as an undervalued asset with explosive growth potential. With Shibarium’s Total Value Locked (TVL) steadily rising, an analyst predicts BONE could deliver 5 to 20X returns, positioning it as a standout opportunity in the Shiba Inu ecosystem. Analyst Predicts Massive Upside for BONE Eric Cryptoman (@EricCryptoman on X), a full-time trader since 2016, known for his bold, high-risk, high-reward calls on emerging assets, earning a reputation as a “shitcoin maxi,” has placed a bold bet on BONE. He suggested it could achieve gains of 5 to - [Breaking News: Cardano X/Twitter Account Compromised, False Announcement Circulates](https://news.shib.io/2024/12/08/breaking-news-cardano-x-twitter-account-compromised-false-announcement-circulates/): The official Cardano X/Twitter account has been compromised, with a fake tweet claiming a SEC lawsuit against Cardano and stating the cessation of $ADA token support. The tweet, which was flagged as fraudulent, falsely claimed that the Cardano Foundation would cease support for $ADA in response to the alleged legal action. False Cardano Announcement Sparks Immediate Confusion The fraudulent tweet read:“Announcement from the Cardano Foundation: The Cardano Foundation regrets to inform our community that we have been served with a lawsuit by the U.S. Securities and Exchange Commission (SEC) on December 8, 2024. In light of this unexpected legal action, - [Shiba Inu and ZAMA Hint at TREAT Token’s Revolutionary Feature](https://news.shib.io/2024/12/08/shiba-inu-and-zama-hint-at-treat-tokens-revolutionary-feature/): Shiba Inu’s TREAT token sparks curiosity as ZAMA CEO Rand Hindi hints at a groundbreaking connection to blockchain privacy, igniting speculation about its role in revolutionizing confidential transactions within the Shiba Inu ecosystem. For months, the $TREAT token has been the subject of growing speculation, capturing the attention not only of Shiba Inu holders but also of those outside the ecosystem eager to participate in its potential. Now, a key feature of this highly anticipated token appears to have been unveiled by none other than the CEO of ZAMA. A Major Breakthrough in Blockchain Privacy Hindi, CEO of ZAMA, took - [The Shib News Recap: Friday](https://news.shib.io/2024/12/06/the-shib-news-recap-friday-2/): As we wrap up the week, here are our top crypto news highlights today, featuring key conversations around ETF applications, potential changes to how cryptocurrencies interact with the banking system, and the persistent challenges posed by crypto fraud and security threats. SEC Allegedly Shuts Door on Solana ETFs: Mixed Industry Reactions The SEC has reportedly denied applications for Solana ETFs. At least two out of five applicants were informed of the rejection. This action emphasizes the SEC’s cautious view on cryptocurrency ETFs. Industry reactions vary, with some clinging to hope for future approvals and others viewing the SEC’s stance as - [Locked Out: Coinbase Users Struggle with Account Restrictions, Demand Answers](https://news.shib.io/2024/12/06/locked-out-coinbase-users-struggle-with-account-restrictions-demand-answers/): Frustration is boiling over as Coinbase users report widespread access issues, with numerous complaints surfacing about restricted accounts and difficulties withdrawing funds, raising alarms about the platform’s customer service and security measures. Coinbase Silence Fuels Anxiety as Users Report Locked Accounts One user raised alarm on social media, questioning why their $1.2 million dollars were locked on Coinbase’s “debanked app.” The lack of official response or clarity from Coinbase ignited discussions around “Coinbase account access complaints December 2024” and the urgent need for “Troubleshooting Coinbase account restrictions.” As more users expressed their dissatisfaction and shared similar problematic experiences with the - [SEC Reportedly Rejects Solana ETF Applications, Stalling Crypto’s ETF Expansion](https://news.shib.io/2024/12/06/sec-rejects-solana-etf-applications-stalling-cryptos-etf-expansion/): The U.S. Securities and Exchange Commission (SEC) has reportedly blocked Solana ETF applications, marking a significant setback for crypto investors. With Solana’s spot exchange-traded fund plans now stalled, this decision underscores the SEC’s ongoing resistance to new cryptocurrency ETFs. SEC’s Stance on Crypto ETFs Remains Cautious According to Fox Business’ Eleanor Terett, the SEC informed at least two of five applicants that their Solana ETF filings would not be approved. This decision is part of the SEC’s broader opposition to cryptocurrency ETFs, with many speculating that no new crypto ETFs will be approved until there’s a leadership change at the - ['Wrong Side of History': OpenAI CEO Sam Altman Criticizes NY Times Lawsuit](https://news.shib.io/2024/12/06/wrong-side-of-history-openai-ceo-sam-altman-criticizes-ny-times-lawsuit/): Sam Altman, the CEO of OpenAI, has weighed in on the ongoing lawsuit filed by The New York Times against the ChatGPT developer, alleging copyright infringement. In an interview with New York Times journalist and host Andrew Ross Sorkin at the newspaper’s annual DealBook Summit, Altman shared his thoughts. He refrained from commenting on the specifics of the lawsuit and, instead, addressed the topic in broader terms. “I don’t believe in showing up in someone else’s house as a guest and being rude,” Altman said. “But I will say, I think the New York Times is on the wrong side - [Justin Sun Teases Possible MicroStrategy Equivalent](https://news.shib.io/2024/12/06/justin-sun-teases-possible-microstrategy-equivalent/): Justin Sun, the founder of the TRON blockchain network, has sparked widespread speculation online after hinting at a potential initiative involving MicroStrategy’s approach to cryptocurrency. In a post on X, Sun praised MicroStrategy’s success, stating that it demonstrates how innovation can overcome outdated regulations. “How about making a TRON TRX version of MicroStrategy?” Sun wrote.  The tease has left the blockchain community buzzing with curiosity about what Sun has in store for TRON’s ecosystem.  MicroStrategy, led by Bitcoin advocate Michael Saylor, is renowned for its large-scale investment in Bitcoin as a strategic reserve asset. The company made headlines in 2020 - [IcomTech Promoter Sentenced to 10 Years for Crypto Ponzi Scheme](https://news.shib.io/2024/12/06/icomtech-promoter-sentenced-to-10-years-for-crypto-ponzi-scheme/): A Manhattan judge has sentenced cryptocurrency salesman and IcomTech promoter David Brend to 10 years in prison after his conviction on conspiracy to commit wire fraud.  Brend was convicted for his involvement in promoting the fraudulent cryptocurrency mining and trading platform, IcomTech, in March 2024. On December 2, U.S. District Court for the Southern District of New York Judge Jennifer Rochon sentenced Brend to 120 months in jail, ordering him to serve his time at the Federal Prison Camp in Pensacola, Florida. About a month ago, Judge Rochon also sentenced Gustavo Rodriguez, another promoter involved in the IcomTech cryptocurrency scam, - [Rep. French Hill Pledges Probe into Efforts to Block Crypto from Banking Services](https://news.shib.io/2024/12/06/rep-french-hill-pledges-probe-into-efforts-to-block-crypto-from-banking-services/): Amid growing allegations of regulatory bias against the cryptocurrency industry, Rep. French Hill has announced plans to examine the challenges crypto businesses face with banking. During a Dec. 3 hearing focused on financial technology, Hill, a leading candidate to chair the House Financial Services Committee next year, raised concerns about regulatory practices affecting the crypto industry.  Hill’s move to ramp up investigations follows claims that regulators are deliberately targeting cryptocurrency businesses by restricting their access to banking services, otherwise known as “debanking.” These alleged practices have left crypto companies struggling to maintain financial relationships.  Marc Andreessen, co-founder of the venture - [Vestra DAO Suffers $500K Exploit, Token Plunges 50%](https://news.shib.io/2024/12/06/vestra-dao-suffers-500k-exploit-token-plunges-50/): Vestra DAO, a decentralized autonomous organization, has fallen victim to a cyber attack after a hacker exploited a logical flaw in its token staking contract.  On-chain analysts reported suspicious activity involving the movement of VSTR tokens. The stolen tokens, worth around $500,000, were quickly funneled through the Tornado mixer to obscure their origins. While the attack was considered relatively small in scale, it raised concerns about the security risks for other participants in the platform. The exploit was first identified by blockchain researcher Chaofan Schou, who urged users to immediately revoke permissions on their wallets to mitigate further exposure.  In - [The Shib News Recap: Thursday](https://news.shib.io/2024/12/05/the-shib-news-recap-thursday/): This Thursday, The Shib Daily reports on pressing issues in the cryptocurrency world, including crucial regulatory decisions that could influence the U.S. crypto market. Questions about the government’s transparency in managing digital assets are also raised, while Shiba Inu’s Shytoshi Kusama exposes startling details regarding a controversial airdrop. Trump’s SEC Nominee Paul Atkins and CFTC Contenders: A New Era for Regulatory Leadership in Crypto? Trump has nominated Paul Atkins, a former SEC Commissioner, to succeed Gary Gensler. He praised Atkins for his commitment to “common-sense regulations” and the importance of digital innovation. With his regulatory background, Atkins is seen as - [Bitcoin Competes with Gold, Not Currency, Says Fed Reserve Chairman](https://news.shib.io/2024/12/05/bitcoin-competes-with-gold-not-currency-says-fed-reserve-chairman/): Federal Reserve Chairman Jerome Powell has stated that Bitcoin is a competitor to gold rather than a rival to the U.S. dollar. At the New York Times DealBook Summit, Powell suggested that Bitcoin’s value lies more in its role as a store of value or investment asset, akin to gold, rather than as a medium of exchange or a unit of account, which are core features of traditional currencies.  “It’s just like gold only it’s virtual,” Powell said. “People are not using it as a form of payment, or as a store of value. It’s highly volatile. It’s not a - [NYC Mayor Eric Adams Taunts Critics, Celebrates Bitcoin Gains](https://news.shib.io/2024/12/05/nyc-mayor-eric-adams-taunts-critics-celebrates-bitcoin-gains/): New York City Mayor Eric Adams has seemingly mocked reporters in a recent interview over previous comments regarding his Bitcoin holdings. On December 3, Adams addressed the press after an event at the American LGBTQ+ Museum. During the interview, a reporter asked if Adams was looking forward to working with Tesla and SpaceX CEO Elon Musk. Adams expressed enthusiasm about the prospect of collaborating with Musk before shifting the conversation to his receipt of Bitcoin while in office. Adams emphasized that people “should not be afraid of Bitcoin,” his statement was followed by what seemed to be a mocking tone - [Shytoshi Kusama Reveals Shocking Details Behind $HAWK Airdrop](https://news.shib.io/2024/12/05/shytoshi-kusama-reveals-shocking-details-behind-hawk-airdrop/): Shytoshi Kusama, the enigmatic visionary behind the Shiba Inu (SHIB) crypto project, has made waves in the crypto community by shedding light on his involvement (or lack thereof) with the controversial $HAWK token and its proposed airdrop to the ShibArmy, the Shiba Inu community. Kusama’s candid revelations stirred reactions across social media and ignited a fresh debate on the ethics of airdrops and token launches in the world of decentralized finance (DeFi). Kusama’s Initial Disinterest in $HAWK In a thread on X (formerly Twitter), Kusama explained that his involvement with $HAWK was minimal, revealing that the project’s team had first - [US Government Transfers $33.6M in Seized FTX Crypto to Unknown Wallets](https://news.shib.io/2024/12/05/us-government-transfers-33-6m-in-seized-ftx-crypto-to-unknown-wallets/): The U.S. government has transferred $33.6 million worth of seized cryptocurrency assets, including Ethereum (ETH) and Binance USD (BUSD), from the defunct FTX and Alameda Research platforms to undisclosed wallets. According to data from blockchain analytics firm Arkham, approximately $18.17 million (5,024 ETH) in Ethereum and $13.58 million in Binance USD (BUSD) were moved to undisclosed wallets early Wednesday. In addition to the significant transfers of ETH and BUSD, smaller amounts of tokens, including SHIB, AERGO, and WBTC, were also moved to unknown addresses. On-chain data shows that these transactions were directed to addresses starting with 0x9ac and 0x9cd. The - [Trump Weighs Pro-Crypto Leaders Perianne Boring, Caroline Pham for CFTC Chair](https://news.shib.io/2024/12/05/trump-weighs-pro-crypto-leaders-perianne-boring-caroline-pham-for-cftc-chair/): President-elect Donald Trump is reportedly considering several candidates for the position of Chair of the Commodity Futures Trading Commission (CFTC), with Perianne Boring emerging as a leading contender. Trump is actively evaluating potential nominees for key positions across his administration, including leadership of the CFTC. His transition team is said to be considering several candidates to helm the agency, which is expected to play a major role in shaping regulatory policies for cryptocurrencies and the broader digital assets sector. According to Fox Business, sources with knowledge of the selection process have stated that Perianne Boring is a top pick for - [Paul Atkins, It Is! Donald Trump Confirms Top Pick for SEC Chair](https://news.shib.io/2024/12/05/paul-atkins-it-is-donald-trump-confirms-top-pick-for-sec-chair/): President-elect Donald Trump has nominated Paul Atkins, the former U.S. Securities and Exchange Commission (SEC) commissioner, to succeed Gary Gensler as the head of the agency, following Gensler’s expected resignation in January 2025. Trump announced his nomination of Atkins for the SEC chair position on Truth Social, the social media platform owned by Trump Media & Technology Group (TMTG). In his post, Trump commended Atkins as a strong advocate for practical, commonsense regulations, emphasizing his leadership experience and approach to the financial industry.  “He believes in the promise of robust, innovative capital markets that are responsive to the needs of - [SEC Shake-Up: Trump Nominates Pro-Crypto Atkins, Gensler Leaves Enforcement Bombshell](https://news.shib.io/2024/12/05/sec-shake-up-trump-nominates-pro-crypto-paul-atkins-gensler-leaves-a-final-enforcement-bombshell/): The U.S. Securities and Exchange Commission (SEC) faces a critical juncture as President-elect Donald Trump nominates former SEC Commissioner Paul Atkins, known for his pro-cryptocurrency stance, to replace Chair Gary Gensler. Gensler, in a strategic move before his departure, has bolstered the SEC’s crypto enforcement division, setting the stage for a potential shift – or clash – in how digital assets are regulated in the United States. Trump Nominates Crypto Advocate Atkins President-elect Trump nominated Paul Atkins, a former SEC Commissioner (2002-2008) and recognized expert in financial regulation, to head the agency. Atkins, then CEO of Patomak Global Partners and - [Unstoppable Shibarium: 600M Transactions Milestone and New TVL ATH Achieved](https://news.shib.io/2024/12/05/unstoppable-shibarium-600m-transactions-milestone-and-new-tvl-ath-achieved/): Shibarium, the layer-2 blockchain of the Shiba Inu crypto project, continues its relentless streak of achievements, recently surpassing 600 million completed transactions and reaching a new all-time high (ATH) in total value locked (TVL) at $10.4 million.  Shibarium Network Expansion and Growth Metrics Shibarium’s ecosystem experienced a significant surge in user activity and key network metrics over the past month. Total transactions jumped from 465.2 million on November 5 to over 602.5 million by December 4, a 29.5% increase.  This period also saw a rise in user accounts, climbing from 184,090 to 208,563, a growth of 13.3%. The growth in - [The Shib News Recap: Wednesday](https://news.shib.io/2024/12/04/the-shib-news-recap-wednesday/): This Wednesday, The Shib Daily highlights key developments focused on increased regulatory scrutiny and its impact on investor trust in the crypto sector. Emerging vulnerabilities in crypto security raise questions about the future stability and security of digital assets. Plus, the market’s response to political events adds another layer of complexity. The Legal Woes of Alex Mashinsky and Bitcoin Jesus Alex Mashinsky, the founder and former CEO of Celsius Network, has pleaded guilty to two counts of fraud related to the company’s collapse. The DOJ accused him of misleading customers about Celsius’ financial health and manipulating the market for its - [Shibarium Forges Ahead](https://news.shib.io/2024/12/04/shibarium-forges-ahead/): Read the latest edition of The Shib magazine here. - [Solana Web3.js Supply Chain Attack: Hundreds of Thousands Stolen, Limited Impact](https://news.shib.io/2024/12/04/solana-web3-js-supply-chain-attack-hundreds-of-thousands-stolen-limited-impact/): A supply chain attack targeting the Solana web3.js library has resulted in about $190,000 in stolen funds, though the core Solana protocol and major wallets remain unaffected. While the attack exposed vulnerabilities in the JavaScript library, it did not directly impact user wallets. Malicious Code Injected into Solana Web3.js Library The attack focused on versions 1.95.6 and 1.95.7 of the web3.js library, a tool used by Solana developers. Attackers injected malicious code that exposed private keys stored on backend servers, primarily impacting automated JavaScript bots, not user wallets. The Solana protocol itself and popular wallets like Phantom and Coinbase Wallet - [Grayscale Investment's Next Move: A Spot Solana ETF?](https://news.shib.io/2024/12/04/grayscale-investments-next-move-a-spot-solana-etf/): Grayscale Investments, the digital asset management firm, has filed a 19b-4 application with the U.S. Securities and Exchange Commission (SEC) to list a spot Solana exchange-traded fund (ETF). If approved, the S-1 registration form would enable the Grayscale Solana Trust to list and trade on the New York Stock Exchange (NYSE) under the ticker symbol GSOL, according to a 19b-filing on December 3. The proposed ETF would represent a conversion of Grayscale’s existing Solana Trust into a spot ETF. This follows the same approach the company previously used to convert its spot Bitcoin and Ether trusts into ETFs. “The Trust - [Ex-Celsius CEO Alex Mashinsky Pleads Guilty to Fraud](https://news.shib.io/2024/12/04/ex-celsius-ceo-alex-mashinsky-pleads-guilty-to-fraud/): Alex Mashinsky, the founder and former CEO of the now-bankrupt crypto lending platform Celsius Network, has pleaded guilty to two counts of fraud in connection with the company’s collapse.  The U.S. Department of Justice (DOJ) accused Mashinsky of committing securities fraud in two distinct ways. First, he allegedly misled Celsius customers regarding the company’s financial health and how it handled their funds. Second, Mashinsky reportedly secretly manipulated the market for Celsius’ token (CEL), profiting by selling his holdings at inflated prices. In July 2023, Alex Mashinsky was indicted on seven charges, including fraud, conspiracy, and market manipulation. Initially, Mashinsky pleaded - [South Korean Martial Law Triggers Surge in Crypto Activity](https://news.shib.io/2024/12/04/south-korean-martial-law-triggers-surging-crypto-activity/): The cryptocurrency market has stabilized after a brief period of uncertainty caused by the enforcement of South Korean Martial Law. President Yoon Suk Yeol lifted the measure just six hours after it was enacted. The declaration of martial law in the country was rescinded around 4:30 a.m. local time during a Cabinet meeting, according to local reports. The decision came shortly after the country’s parliament, with 190 lawmakers, voted to reject the order. Under South Korean law, the government is required to lift martial law if the majority of the National Assembly demands it through a vote. President Yoon Suk - [Paul Atkins Reluctant to Take SEC Chair Post?](https://news.shib.io/2024/12/04/paul-atkins-reluctant-to-take-sec-chair-post/): President-elect Donald Trump has reportedly picked former U.S. Securities and Exchange Commission (SEC) commissioner Paul Atkins as the replacement for outgoing SEC Chair Gary Gensler. However, reports suggest Atkins may be hesitant to take on the role. Atkins served as an SEC commissioner from 2002 to 2008, under Presidents George W. Bush and Bill Clinton. During his tenure, Atkins was known for opposing overly restrictive regulations, including those that could hinder innovation in emerging sectors such as blockchain technology and digital assets. Atkins’ potential appointment is widely seen as a move aligned with Trump’s campaign pledge to foster cryptocurrency innovation - [Bitcoin Jesus Challenges US Tax Evasion Charges, Calls 'Exit Tax' Unconstitutional](https://news.shib.io/2024/12/04/bitcoin-jesus-challenges-us-tax-evasion-charges-calls-exit-tax-unconstitutional/): Early Bitcoin investor Roger Ver, also known as Bitcoin Jesus, has filed a motion to dismiss tax evasion charges filed by U.S. prosecutors, arguing that the case against him is unconstitutional. Ver was charged with tax evasion by the U.S. Department of Justice (DOJ) in April this year, accusing him of failing to pay nearly $50 million in taxes. Ver was arrested while attending a crypto conference in Barcelona.  The DOJ’s indictment claims that Ver did not report taxes on the sale of around $240 million in Bitcoin in 2017 while also underreporting the value of his Bitcoin assets. This - [South Korea's Martial Law Declaration Plunges Crypto Prices](https://news.shib.io/2024/12/03/crypto-prices-plunge-amid-south-korea-martial-law-declaration/): South Korea’s sudden declaration of martial law sends shockwaves through global crypto markets today, with Bitcoin and XRP prices plummeting as political turmoil disrupts the country’s trading platforms. South Korea Enters Political Crisis as Martial Law Is Imposed On Tuesday, South Korean President Yoon Suk Yeol declared a state of emergency, accusing opposition leaders of treason and collusion with North Korea. This sweeping decree suspends critical civil liberties, including habeas corpus, and grants authorities the power to arrest citizens without warrants. Lawmakers from opposition parties were barred from entering parliament, while media outlets were placed under strict military censorship, raising - [France's Bold Crypto Tax Plan Faces Unprecedented Scrutiny](https://news.shib.io/2024/12/03/frances-bold-crypto-tax-plan-faces-unprecedented-scrutiny/): France is reportedly moving to implement a controversial crypto tax that targets unrealized gains on Bitcoin and other digital assets. With the policy gaining momentum after a recent Senate vote, the crypto community is sounding the alarm over its potential economic and regulatory fallout. This bold plan, part of the ‘Impôt sur la fortune improductive’ (Tax on Unproductive Wealth), could mark a seismic shift in how cryptocurrencies are regulated. The policy gained traction after a November 26, 2024, Senate vote, and its implications are now reverberating through the global crypto community. A video shared by Bitcoin Archive on X showcased - [MARA Holdings Plans to Raise $805M to Boost Bitcoin Holdings and Repay Debt](https://news.shib.io/2024/12/03/mara-holdings-plans-to-raise-805m-to-boost-bitcoin-holdings-and-repay-debt/): MARA Holdings, Inc., a leading player in the digital asset industry, has unveiled plans to secure $805 million through the issuance of convertible senior notes set to mature in 2031. The company stated that the funding initiative is aimed at strengthening its Bitcoin reserves while addressing existing debt liabilities as part of its broader financial strategy.  In an official statement, MARA confirmed that it plans to target qualified institutional buyers, offering $700 million in convertible senior notes, with an additional $105 million available at the discretion of the initial purchasers. MARA stated that it also plans to allocate up to - [MicroStrategy Bitcoin Bet: Another $1.5 Billion Invested](https://news.shib.io/2024/12/03/microstrategy-bitcoin-bet-another-1-5-billion-invested/): MicroStrategy has further increased its Bitcoin reserves, acquiring 15,400 BTC for an estimated $1.5 billion. This latest purchase continues the company’s strategy of bolstering its digital asset holdings. According to a Form 8-K, the business intelligence company acquired the massive amount of BTC for an average price of $95,976 per Bitcoin.  MicroStrategy CEO Michael Saylor announced on X that the company’s recent purchase brought its Bitcoin returns to 38.7% for the quarter and 63.3% for the year. As of December 1, MicroStrategy’s Bitcoin holdings have reached a total of 402,100 BTC, representing an investment of approximately $23.4 billion.  Its strategic - [Nike Shuts Down RTFKT as NFT Market Faces Steep Decline](https://news.shib.io/2024/12/03/nike-shuts-down-rtfkt-as-nft-market-faces-steep-decline/): Nike’s virtual sneaker company, RTFKT, has announced plans to wind down its activities as the broader market for digital assets continues to face challenges. RTFKT announced in a post on X that it will cease its Web3 activities by January 2025. To preserve its legacy, the company plans to launch a new website showcasing its past projects.  The digital fashion and collectibles company is set to release its final product drop this month, called MNLTH X, featuring the Blade Drop.  Founded in 2020, RTFKT quickly rose to prominence by revolutionizing the way people interacted with fashion and digital assets.  The - [Coinbase CEO Promises to Cut Ties with Law Firms Backing Anti-Crypto Officials](https://news.shib.io/2024/12/03/coinbase-ceo-promises-to-cut-ties-with-law-firms-backing-anti-crypto-officials/): Coinbase CEO Brian Armstrong has warned the company’s law firms that it will sever ties if they hire individuals involved in what he refers to as “bad deeds” against the crypto industry during the Biden administration. In a post on X, Armstrong noted that some senior law firm partners appear unaware of the growing frustration within the crypto community over regulatory actions that have impacted the industry.  Armstrong emphasized his position by citing Milbank as an example, noting that Coinbase had ended its relationship with the law firm due to their hiring of Gurbir Grewal. He further stated that Coinbase - [Bitcoin Reserve Bill Faces Headwinds: Peter Schiff Warns of Economic Consequences](https://news.shib.io/2024/12/03/bitcoin-reserve-bill-faces-headwinds-peter-schiff-warns-of-economic-consequences/): Peter Schiff, the American economist and vocal Bitcoin critic, has raised concerns over the proposed Bitcoin Reserve bill, stressing its lack of backing in Congress. Schiff took to X to express his views on the proposed legislation for a national Bitcoin reserve. He said that while the proposed bill has garnered significant support from the crypto community online, it is “not so much on Capitol Hill.” Known as the BITCOIN Act, the bill has not gained any co-sponsors besides its author, Senator Cynthia Lummis. The only other member of Congress to express support is Representative Ro Khanna.  Lummis’ Bitcoin Reserve - [Shibarium Cancun Hardfork Is Live: What It Means for Shiba Inu L2 Blockchain](https://news.shib.io/2024/12/03/shibarium-cancun-hardfork-is-live-what-it-means-for-shiba-inu-l2-blockchain/): The Shibarium network’s Cancun hardfork is now live, bringing significant upgrades to scalability and validator efficiency while positioning the layer-2 solution for seamless compatibility with Ethereum’s ongoing advancements. The hardfork, activated at block number 8200512, introduced substantial modifications to Shiba Inu’s layer-2 network’s core components, Heimdall and Bor, addressing critical needs for enhanced performance and adaptability within the competitive layer-2 blockchain landscape. This pivotal update not only facilitated immediate improvements but also laid the groundwork for future expansions and integrations within the broader Ethereum ecosystem. Heimdall Upgrade Streamlines Validator Processes in Post-Dencun Environment The Heimdall upgrade, specifically version v1.0.7-bone, focuses - [Shiba Inu Network Activity 'Much Higher Than Normal Rate'—Here's Why It Signals a Bullish Future](https://news.shib.io/2024/12/03/shiba-inu-network-activity-much-higher-than-normal-rateheres-why-it-signals-a-bullish-future/): Shiba Inu (SHIB) once again defies expectations, with network activity surging to levels “much higher than normal,” according to data from a leading crypto analytics platform. On Sunday alone, over 7,500 new wallets were created, marking an astounding 214% increase compared to the token’s average daily growth of approximately 2,400 wallets. This unprecedented surge highlighted growing interest in SHIB’s expanding ecosystem and sparked bullish sentiment among investors and analysts. A Spike in Shiba Inu Network Growth The dramatic increase in new wallet creation was not a typical occurrence for SHIB. Historically, the token had maintained a steady but modest daily - [The Shib News Recap: Monday](https://news.shib.io/2024/12/02/the-shib-news-recap-monday/): This Monday, The Shib Daily shines the spotlight on Shiba Inu (SHIB), which analysts predict is on the brink of a major price surge. Furthermore, Shibarium’s total value locked (TVL) is witnessing significant growth ahead of a critical hard fork. We also bring you pivotal crypto news headlines that examine the fallout from mining scandals and unregistered operations, and what this means for cryptocurrency and investment funds. The conversation also shifts toward the monopolistic tendencies emerging within the tech industry. Shiba Inu Bullish Breakout Sparks 179% Price Predictions; Shibarium Hits Another Record TVL Shiba Inu surged over the weekend due - [Libra Project Collapse: Ex-Facebook Exec Reveals '100% Political Kill'](https://news.shib.io/2024/12/02/libra-project-collapse-ex-facebook-exec-reveals-100-political-kill/): David Marcus, the former leader of Facebook’s now-defunct Libra project, has alleged that political resistance was the key factor behind the collapse of the stablecoin initiative. In a detailed post on X, Marcus stated that the project’s shutdown was a result of a “100% political kill,” citing behind-the-scenes actions by regulators and government officials as the main cause.  Facebook’s Libra project, aimed to create a global digital currency designed to facilitate fast, low-cost transactions across borders. The main goals of the project were to provide financial inclusion for the unbanked, offer a stable alternative to volatile cryptocurrencies, and streamline digital - [Japan FSA Warns Crypto Exchanges KuCoin, Bybit, Others for Unregistered Operations](https://news.shib.io/2024/12/02/japan-fsa-warns-crypto-exchanges-kucoin-bybit-others-for-unregistered-operations/): The Japan FSA (Financial Services Agency) has issued an official warning to five foreign cryptocurrency exchanges for conducting business in the country without the necessary registration. Under Japanese law, any platform providing cryptocurrency trading services in the country is required to register with the FSA and its Finance Department.  The five exchanges under scrutiny — KuCoin, Bitcastle LLC, Bybit Fintech Limited, MEXC Global, and Bitget Limited — are accused of offering cryptocurrency services to Japanese users without obtaining the necessary regulatory approval.  Unregistered crypto exchanges are not subject to the supervision of the FSA. As a result, users of these - [Michael Saylor Urges Microsoft Board to Embrace Bitcoin Strategic Reserve](https://news.shib.io/2024/12/02/michael-saylor-urges-microsoft-board-to-embrace-bitcoin-strategic-reserve/): Michael Saylor, co-founder of MicroStrategy, has delivered a three-minute presentation to Microsoft’s board of directors, advocating for the tech giant to integrate Bitcoin into its balance sheet within the next few years. In his 44-slide presentation, Saylor suggested that Microsoft could increase its market capitalization by nearly $5 trillion if it fully embraced Bitcoin as part of its financial strategy. Saylor recommended that Microsoft consider converting its cash flows, dividend distributions, stock repurchases, and debt into cryptocurrency as part of its strategic approach. “Bitcoin is the best asset that you can own. The numbers speak for themselves. It makes a - [Elon Musk Sues OpenAI and Microsoft for Alleged AI Monopoly](https://news.shib.io/2024/12/02/elon-musk-sues-openai-and-microsoft-for-alleged-ai-monopoly/): Tesla CEO and SpaceX founder Elon Musk has filed a lawsuit in the Northern District of California, accusing OpenAI and its major partner, Microsoft Corp., of engaging in anti-competitive practices that undermine competition in the artificial intelligence industry. The lawsuit alleged that OpenAI, the artificial intelligence research organization co-founded by Musk, has transitioned from its original non-profit model to a for-profit entity, now valued at $157 billion.  OpenAI is accused of using its influence to pressure investors to avoid backing competing AI ventures, such as Musk’s xAI, which hindered the development of alternative projects in the AI industry. The lawsuit - [SEC Sues Touzi Capital in $95M Crypto Mining Fund Scandal](https://news.shib.io/2024/12/02/sec-sues-touzi-capital-in-95m-crypto-mining-fund-scandal/): The U.S. Securities and Exchange Commission has filed a lawsuit against Touzi Capital, LLC and its managing member, Eng Taing, accusing the investment firm of misleading over 1,200 investors by falsely promising their funds would be used for cryptocurrency mining operations. Taing and Touzi Capital are accused of conducting unregistered securities offerings for their crypto asset mining funds between 2021 and 2023, raising nearly $95 million from investors across the country. The SEC complaint also claims that Touzi Capital misused investor funds for Taing’s personal expenses. Additionally, the firm allegedly raised nearly $23 million for its debt rehabilitation business but - [Is $0.000081 Next? Shiba Inu Breakout Fuels 179% Surge Speculation](https://news.shib.io/2024/12/02/is-0-000081-next-shiba-inu-breakout-fuels-179-surge-speculation/): Shiba Inu rallied over the weekend, as technical analysts point to a confirmed bullish pattern breakout, fueling forecasts of a 179% price surge towards the $0.000081 mark. Shiba Inu Price Action Sparks Optimism The world’s second-largest meme coin, Shiba Inu, briefly touched $0.00003300 over the weekend before retracing to $0.00002907 on Monday morning, marking a 2.98% dip in the past 24 hours. Despite the pullback, $SHIB remains up 10.90% for the week and a staggering 64.30% over the past month. Trading volume surged 31.25% to $6.03 billion, signaling heightened market activity as investors respond to bullish forecasts. Analysts suggest that - [Shibarium Hits New TVL ATH Again Ahead of Scheduled Hard Fork](https://news.shib.io/2024/12/02/shibarium-hits-new-tvl-ath-again-ahead-of-scheduled-hard-fork/): Shibarium, the layer-2 scalability solution of the Shiba Inu ecosystem, sets a fresh all-time high (ATH) in Total Value Locked (TVL), reaching $10.22 million.  This milestone comes ahead of the recently announced scheduled hard fork, marking a significant development for the ecosystem. The growth of Shiba Inu’s layer-2 blockchain, fueled by a surge in user engagement and active DeFi participation, reflects its expanding role in the broader blockchain space. Shibarium’s Ecosystem Breakdown Shibarium’s TVL has climbed steadily from $8 million just a week ago to its current record of $10.22 million. This notable increase highlights the growing strength of Shiba - [Shiba Inu Erupts from 4-Year Downtrend: Is a New All-Time High Imminent in 2024?](https://news.shib.io/2024/12/02/shiba-inu-erupts-from-4-year-downtrend-is-a-new-all-time-high-imminent-in-2024/): Shiba Inu ($SHIB) has decisively broken free from a stubborn four-year downtrend, igniting fervent speculation that the popular meme coin could be on the cusp of reaching a new all-time high (ATH) in 2024. This weekend proved exceptionally bullish for the world’s second-largest dog-themed cryptocurrency by market capitalization, witnessing a staggering $7 billion surge in trading volume within just 24 hours. This explosive activity has fueled expectations of a major price breakout, potentially shattering previous price records.  Market analysts are now closely examining the catalysts behind this momentum, pondering the question: Can Shiba Inu price reach a new ATH in - [Shib Tech Wizard Kaal Speaks Up On Shiba Inu Burn Mechanism, Teases More Cost-Effective Solutions](https://news.shib.io/2024/11/30/shib-tech-wizard-kaal-speaks-up-on-shiba-inu-burn-mechanism-teases-more-cost-effective-solutions/): Shiba Inu’s pseudonymous tech wizard, Kaal, has provided vital updates on the Shiba Inu burn mechanism that aims to reduce SHIB token supply. In a candid address to the community, Kaal dispelled doubts, confirmed the mechanism’s success, and revealed plans for even more efficient solutions integrated within Shibarium, the Layer-2 blockchain powering the ecosystem. Kaal Confirms Ongoing Semi-Automated Shiba Inu Burn Responding to community concerns on X (formerly Twitter) about the long-awaited auto-burn feature, Kaal revealed that a semi-automated burn mechanism has been operational for months. To date, over 300 million SHIB tokens have been burned, with Kaal himself initiating - [Shibarium Hard Fork Coming Next Week – Key Upgrade to Boost Performance](https://news.shib.io/2024/11/30/shibarium-hard-fork-coming-next-week-key-upgrade-to-boost-performance/): Shibarium, the Shiba Inu ecosystem’s Layer-2 solution, prepares for a pivotal hard fork next week, promising to enhance network performance and resolve scalability challenges. Shibarium Hard Fork WEN The Shibarium network is scheduled to undergo a crucial hard fork early next week, targeting Tuesday morning India Standard Time. This upgrade aims to significantly enhance network optimization, increase transaction speeds, and bolster overall transaction efficiency, marking a strategic milestone in Shibarium’s development. For users in Western time zones, the upgrade may occur as early as late Monday. Key Objectives of the Shibarium Hard Fork A hard fork is a significant protocol - [Shiba Eternity Web3 Tournament 5 Is Here And $BONE Is on the Line](https://news.shib.io/2024/11/30/shiba-eternity-web3-tournament-5-is-here-and-bone-is-on-the-line/): Shiba Eternity web3 players, dust off your decks and sharpen your strategies—Tournament 5 has arrived and it’s bringing a loot chest of rewards that could make even the most stoic Shiba blush.  This week’s showdown is all about claiming your share of 500 $BONE and a heaping pile of $SHIFU airdrop points. Sound tempting? It should. The action kicks off on November 30 at an ungodly hour (4:00 AM UTC for the early risers) and runs until December 2, giving you two days to battle your way to leaderboard glory. But there’s a catch: if you don’t register by December - [The Shib News Recap: Friday](https://news.shib.io/2024/11/29/the-shib-news-recap-friday/): This Friday, The Shib Daily brings you the latest in cryptocurrency, focusing on the escalating security threats faced by investors and platforms alike. Key discussions revolve around how recent regulatory changes are reshaping the landscape for major exchanges, impacting their financial products and operational strategies. Apart from this, another intriguing headline involves TRON founder Justin Sun’s recent move of eating a $6.2-million banana on a live stream! Stay informed as we delve into these developments affecting the crypto market. Reports indicate that North Korean hackers have stolen more than $1 billion in cryptocurrency through impersonation schemes. They disguise themselves as - [EU's MiCA Forces Coinbase to End USDC Yield Program](https://news.shib.io/2024/11/29/eus-mica-forces-coinbase-to-end-usdc-yield-program/): Coinbase users have expressed frustration after the platform announced that it would discontinue offering yields on USD Coin (USDC) due to new European Union Markets in Crypto-Assets (MiCA) regulations. On November 28, Coinbase informed users via email that it would halt its USDC yield offering on December 1, 2024, due to MiCa regulations on stablecoins. “Users eligible to earn USDC rewards will continue accruing rewards for USDC balances up until November 30,” Coinbase stated.  The EU’s new MiCa regulation aims to create a unified framework for crypto-assets across its member states. Prior to MiCA, inconsistent regulations between countries led to fragmentation. - [North Korean Hackers Steal Crypto Billions While Posing as VCs](https://news.shib.io/2024/11/29/north-korean-hackers-steal-crypto-billions-while-posing-as-vcs/): North Korean hackers have allegedly stolen over $1 billion in cryptocurrency in recent years through a sophisticated scheme involving impersonation. The hackers pose as venture capitalists, tech support staff, and recruiters to gain access to victims’ systems and steal their digital assets. During the Cyberwarcon conference in Washington, D.C., Microsoft Threat Intelligence researchers presented findings revealing that the North Korean regime has “successfully built computer network exploitation capability,” enabling its threat actors to “steal billions of dollars in cryptocurrency.” According to TechCrunch, investigators found that North Korean operatives have stolen a significant amount in cryptocurrency over the past decade while - [Pump Science Exploited: Fraudulent Tokens Minted](https://news.shib.io/2024/11/29/pump-science-exploited-fraudulent-tokens-minted/): Pump Science, the decentralized science (DeSci) platform, has experienced a major security breach after its private key was leaked, leading to unauthorized token minting and substantial damage to its reputation. Pump Science’s private key was accidentally exposed on its GitHub codebase, allowing attackers to gain control of the platform’s Pump.fun crypto wallet. The breach led to the creation of fraudulent tokens, including Urolithin B through E and Cocaine ($COKE), under the platform’s name. Pump Science initially launched two legitimate tokens, Urolithin A ($URO) and Rifampicin ($RIF), through its Pump.fun profile, both of which were tied to the platform’s longevity research - [XT.com Halts Withdrawals After Alleged $1.7M Crypto Hack](https://news.shib.io/2024/11/29/xt-com-halts-withdrawals-after-alleged-1-7m-crypto-hack/): Global cryptocurrency exchange XT.com has suspended withdrawals following reports of an alleged hack that resulted in the theft of $1.7 million worth of cryptocurrency. On November 28, XT.com issued a statement announcing the suspension of all coin withdrawals, attributing the decision to “wallet upgrade and maintenance.” The news came shortly before blockchain security firm PeckShield reported signs that the exchange may have been compromised in a hack. PeckShield also claimed that the hacker had exchanged the stolen funds for 461.58 ETH, and identified the wallet where the assets were transferred. XT.com later released another statement on X, confirming that it - [ETH Co-Founder Jeffrey Wilcke Sells $72M Amid Price Surge](https://news.shib.io/2024/11/29/eth-co-founder-jeffrey-wilcke-sells-72m-amid-price-surge/): Ethereum co-founder Jeffrey Wilcke has moved 20,000 ETH to the global crypto exchange Kraken just hours after Ethereum’s price surpassed $3,600 earlier today. Wilcke has been steadily selling his initial 463,203 ETH allocation since 2016. His recent $72 million transfer to Kraken is the latest example of this ongoing liquidation. From 2016, Wilcke has deposited a total of 356,805 ETH to exchanges. Before the 2021 bull market, he transferred 290,505 ETH to exchanges, with an average deposit price of $190 per token. Wilcke resumed selling in the summer of 2023, liquidating over 63,000 ETH during that period. Although his ETH - [Justin Sun Eats $6.2M Banana in Performance Art Statement](https://news.shib.io/2024/11/29/justin-sun-eats-6-2m-banana-in-performance-art-statement/): Justin Sun, founder of Tron and a well-known figure in the crypto world, made headlines again by eating a $6.2 million banana artwork during a livestream. The artwork, Comedian by Maurizio Cattelan, gained fame for its simple yet provocative design—a banana duct-taped to a wall. Sun, who purchased the artwork in 2021, turned the act of eating it into a live performance. The spectacle underscores his flair for blending art, cryptocurrency, and culture in unexpected ways. Alongside this bold gesture, Sun announced he would distribute 100,000 bananas worldwide for free, sourced from Shah Alam, a fruit vendor in New York’s - [Justin Sun Eats $6.2M Banana and Buys 100,000 More](https://news.shib.io/2024/11/29/justin-sun-eats-6-2m-banana-and-buys-100000-more/): Justin Sun, the crypto entrepreneur and founder of Tron, consumed the $6.2M banana of Maurizio Cattelan’s Comedian artwork—a banana duct-taped to a wall—during a livestream on Thursday. The bold gesture, made live in a performance art spectacle, highlighted Sun’s ongoing quest to merge art, culture, and cryptocurrency. In doing so, he redefined the value of both art and the everyday in a way that has captivated audiences worldwide. The Story Behind $6.2M Banana The banana, famously duct-taped to a wall by Italian artist Cattelan, first made waves at Art Basel Miami in 2019. It was sold for $120,000 but quickly - [Roaring Kitty $ROAR: Powered by Community and DeFi](https://news.shib.io/2024/11/29/roaring-kitty-roar-powered-by-community-and-defi/): By a ROAR Community Member Back in 2021, Keith Gill, known as Roaring Kitty, made waves by turning a $50,000 investment in GameStop into over $40 million, proving that the power of community can challenge even the biggest players. That same spirit is alive in Roaring Kitty Crypto ($ROAR), a token that shows what a united community can achieve in the world of decentralized finance (DeFi). The Comeback Story of $ROAR and Transformation into a Community Take Over (CTO) Launched by an anonymous developer in September 2022, $ROAR started strong but was soon abandoned. Yet, with its liquidity burned and - [The Shib Crypto Recap: Thursday](https://news.shib.io/2024/11/28/the-shib-crypto-recap-thursday-5/): Today’s key discussions in the crypto space are influenced by crucial developments surrounding regulation and policy—topics that have become increasingly significant as the industry matures. Adding to the excitement, Shibarium has made waves with its record-breaking total value locked (TVL) once again. Meanwhile, Shytoshi Kusama has offered valuable perspectives on the innovative features of the upcoming TREAT token. Former CFTC Chairman Christopher Giancarlo suggested that the SEC might discontinue its lawsuit against Ripple. He shared these views in an interview with FOX Business in which he addressed cryptocurrency regulation under a Trump administration. Giancarlo urged the SEC to reconsider cases - [The Shib: Year One](https://news.shib.io/2024/11/28/the-shib-year-one/): Read the latest edition of The Shib magazine here. - [Russia Crypto Tax: New Bill Impacts Miners and Traders](https://news.shib.io/2024/11/28/russia-crypto-tax-new-bill-impacts-miners-and-traders/): Russia’s upper house of parliament, the Federation Council, has passed a new bill that introduces taxes on cryptocurrency transactions and mining. The Russia crypto tax bill is now awaiting President Vladimir Putin’s approval to be signed into law. The Council gave its final approval to the amendments on Wednesday, sealing the deal after the State Duma’s green light on Tuesday. In an official statement, the Federation Council explained that the proposed law was designed to incorporate specific provisions into the Russian Tax Code on the taxation of digital currency transactions. The amendments aim to exempt cryptocurrency transactions from value-added tax - [Shytoshi Kusama Drops Key TREAT Token Utility Details Ahead of Official Launch](https://news.shib.io/2024/11/28/shytoshi-kusama-drops-key-treat-token-utility-details-ahead-of-official-launch/): Shytoshi Kusama, the visionary behind the Shiba Inu crypto project, has unveiled crucial details about the highly anticipated TREAT token, offering a glimpse into its role within the ecosystem ahead of its official launch. In a recent post on X (formerly Twitter), Kusama emphasized the TREAT token’s unique features, highlighting its integration into the ecosystem’s core principles. The announcement came just before TREAT’s official launch, which has already generated significant buzz among Shiba Inu holders and the broader crypto community. Kusama Details TREAT Token’s Role in Ecosystem Expansion Kusama’s latest remarks shed light on TREAT’s advanced features and utility. Responding - [Paul Atkins Emerges as Trump Team Top Pick For SEC Chair](https://news.shib.io/2024/11/28/paul-atkins-emerges-as-trump-team-top-pick-for-sec-chair/): Former U.S. Securities and Exchange Commission (SEC) Commissioner Paul Atkins is reportedly the top contender to lead the SEC under President-elect Donald Trump’s upcoming administration, signaling a potential shift in the direction of U.S. financial regulation. According to a Bloomberg report, Atkins had been interviewed by members of Trump’s transition team as a likely candidate for the position. Atkins brought extensive experience within the SEC. Having served as a former commissioner and staffer under two previous SEC Chairs, Richard Breeden and Arthur Levitt, Atkins possesses a deep understanding of the agency’s operations. This makes him a highly qualified candidate for - [Marathon Digital Goes on 6,474 Bitcoin Buying Spree, Reserves $160M for a Rainy Day](https://news.shib.io/2024/11/28/marathon-digital-goes-on-6474-bitcoin-buying-spree-reserves-160m-for-a-rainy-day/): U.S.-based Bitcoin mining company Marathon Digital Holdings (MARA) has secured an extra 703 Bitcoin, bringing its total BTC purchased in November to 6,474 BTC at an average price of $95,395 per BTC. In a statement on X, MARA announced that it has also set aside $160 million in remaining proceeds to purchase more Bitcoin at a lower cost in the future.  The strategic acquisition came after the company raised $1 billion through a zero-interest convertible senior note sale. MARA disclosed that a portion of the $980 million in net proceeds was allocated to repurchasing a portion of its 2026 notes. The - [ZachXBT Accuses Ex-Fortnite Pro of $3.5M Meme Coin Scam](https://news.shib.io/2024/11/28/zachxbt-accuses-ex-fortnite-pro-of-3-5m-meme-coin-scam/): ZachXBT has accused former professional Fortnite player Serpent of stealing $3.5 million through meme coin scams involving several high-profile account takeovers. In a thread posted on X, the blockchain investigator claims that wallet addresses associated with Serpent had significant involvement in several pump-and-dump schemes linked to meme coins launched on Pump.fun. In June 2020, Serpent was released from esports organization “Overtime” after being suspected of cheating. Serpent was also linked to several crypto projects, namely DAPE and ERROR, which were eventually rug-pulled.  ZachXBT alleged that the wallet address associated with ERROR was “directly connected” to multiple account takeovers, including McDonald’s, - [SEC May Drop Ripple Lawsuit, Says Ex-CFTC Chief Giancarlo](https://news.shib.io/2024/11/28/sec-may-drop-ripple-lawsuit-says-ex-cftc-chief-giancarlo/): Christopher Giancarlo, former Chairman of the Commodity Futures Trading Commission (CFTC), has suggested that the U.S. Securities and Exchange Commission (SEC) may choose to discontinue its ongoing lawsuit against Ripple.  In a recent interview with FOX Business, Giancarlo discussed broader issues surrounding cryptocurrency regulation and the expanding role of the CFTC.  FOX Business Senior Correspondent Charles Gasparino questioned Giancarlo on the possibility of the SEC reassessing its legal case against Ripple, especially in the context of a Donald Trump presidency. In response, Giancarlo suggested that the SEC should review cases it has already lost at the trial court level and - [Shibarium Breaks TVL Record Again, Reaching New All-Time High](https://news.shib.io/2024/11/28/shibarium-breaks-tvl-record-again-reaching-new-all-time-high/): Shibarium has broken its previous record for Total Value Locked (TVL) again, reaching an all-time high of $8.71 million. Within just 24 hours, Shibarium’s TVL experienced a remarkable 6.9% jump, culminating in this November 2024 all-time high, according to data from DeFiLlama. This growth underscored the rising demand for decentralized applications and liquidity pools on Shiba Inu’s layer-2 scalability network, signaling the network’s expanding DeFi capabilities. The data clearly highlighted a trend: Shibarium TVL growth continues to impress investors and users. Shibarium TVL Growth Trends: Breaking New Records in November 2024 Shibarium’s TVL all-time high in November 2024 underscored a - [Vitalik Buterin Sells Memecoin Holdings, Donates to Charity](https://news.shib.io/2024/11/27/vitalik-buterin-sells-memecoin-holdings-donates-to-charity/): Ethereum co-founder Vitalik Buterin recently made headlines for selling four meme coins for 24.5 ETH, valued at over $81,000, before donating a significant sum to the cryptocurrency policy group Coin Center. Coin Center is a leading non-profit research and advocacy organization that focuses on policy issues surrounding cryptocurrency and blockchain technology. The efforts of the organization help shape the regulatory landscape for digital assets in the U.S. and beyond. Buterin’s donation of 320 ETH, worth approximately $1.7 million, highlights his ongoing support for blockchain advocacy and research. Buterin’s decision to sell meme coins and donate to Coin Center is consistent - [Ripple Donates Additional $25M to Support Pro-Crypto Super PAC Fairshake](https://news.shib.io/2024/11/27/ripple-donates-additional-25m-to-support-pro-crypto-super-pac-fairshake/): Ripple has pledged another $25 million to Fairshake, a bipartisan super Political Action Committee (PAC), following the results of the 2024 U.S. elections.  Ripple CEO Brad Garlinghouse announced on X that the company’s additional donation to Fairshake was in support of “pro-crypto, pro-growth, and pro-innovation” candidates.  Fairshake is the most successful multi-candidate, bipartisan Super PAC in American history. Electing pro-crypto, pro-growth and pro-innovation candidates is a no-brainer, and to continue that momentum, Ripple is contributing another $25M to Fairshake. Onwards! — Brad Garlinghouse (@bgarlinghouse) November 26, 2024 A super PAC is a type of political action committee that can raise - [Justin Sun Appointed World Liberty Financial Adviser Following $30M Investment](https://news.shib.io/2024/11/27/justin-sun-appointed-world-liberty-financial-adviser-following-30m-investment/): World Liberty Financial, President-elect Donald Trump’s crypto project, has named Justin Sun as its new advisor after the latter made a $30 million investment.  In a statement on X, WLFI expressed excitement about Sun’s new role. “Justin’s insights and experience will be instrumental as we continue to innovate and grow,” it said.  Sun emphasized that his decision to invest in WLFI was driven by the project’s potential to deliver “innovative solutions for decentralized lending and governance,” dismissing any suggestion that his involvement was politically motivated.  His $30 million investment has significantly boosted the company’s token sales, bringing the total to - [Bitwise Files for Bitcoin-Ethereum ETF With SEC, Plans NYSE Launch](https://news.shib.io/2024/11/27/bitwise-files-for-bitcoin-ethereum-etf-with-sec-plans-nyse-launch/): Bitwise Asset Management has filed an S-1 registration with the U.S. Securities and Exchange Commission (SEC) for a proposed crypto-mixed spot exchange-traded fund (ETF). The asset manager also outlined plans to launch trading for the ETF as an exchange-traded product (ETP) on the New York Stock Exchange (NYSE) Arca, pending regulatory approval. In a recent announcement on X, Bitwise revealed that the NYSE Arca has “filed to list a Bitwise ETP that would both spot Bitcoin and Ether.” According to Bitwise, the goal would be to “give investors balanced exposure to the two largest crypto assets in the world in - [Oracle Sues Crypto Startup Again for Alleged Trademark Infringement](https://news.shib.io/2024/11/27/oracle-sues-crypto-startup-again-for-alleged-trademark-infringement/): Oracle Corporation has filed a new lawsuit against Crypto Oracle LLC and its owner, Louis Kerner, for allegedly violating its trademark and ignoring a previous settlement agreement. The legal battle began in 2019 when Oracle initially filed a lawsuit against the crypto firm accusing it of using its famous trademark as part of its “CryptoOracle” brand and marketing crypto-related services to Oracle’s customers and users.  In 2020, the two companies came to a private resolution, which included a court-issued permanent injunction. This ruling prohibited Crypto Oracle from using the name “CryptoOracle” or any variation of the Oracle trademark. The new - [Tornado Cash Available Soon? Court Ruling Overturns Sanctions](https://news.shib.io/2024/11/27/tornado-cash-available-soon-court-ruling-overturns-sanctions/): A landmark court ruling overturns sanctions against Tornado Cash, raising the possibility that the cryptocurrency mixing service may soon be available again, and reigniting the debate over privacy and regulation in the digital asset space. The United States Court of Appeals for the Fifth Circuit ruled that the U.S. Treasury Department overstepped its authority when it sanctioned Tornado Cash’s immutable smart contracts in 2022. The court determined that these specific smart contracts, due to their decentralized and unchangeable nature, did not constitute “property” under the law, a key requirement for sanctions. The Treasury’s Office of Foreign Assets Control (OFAC) originally - [Trump Administration Eyes CFTC for Crypto Oversight, Potentially Sidelining SEC](https://news.shib.io/2024/11/27/trump-administration-eyes-cftc-for-crypto-oversight-potentially-sidelining-sec/): The incoming Trump administration reportedly favors the Commodity Futures Trading Commission (CFTC) over the Securities and Exchange Commission (SEC) to regulate Bitcoin and Ether, potentially reshaping the future of crypto oversight in the U.S. This potential shift, reported by Fox Business, signaled a departure from the SEC’s often-aggressive approach to crypto regulation under outgoing Chair Gary Gensler. It suggested a move towards a more tailored regulatory framework, with the CFTC taking the lead on digital assets deemed commodities, like Bitcoin and Ether. Previously, the SEC asserted broad jurisdiction over the crypto space, often classifying tokens as securities based on the - [OpenAI Faces 'Artwashing' Accusations From Artists as Sora Video Tool Leaks](https://news.shib.io/2024/11/27/openai-faces-artwashing-accusations-from-artists-as-sora-video-tool-leaks/): OpenAI is facing accusations of “artwashing” from a group of artists protesting their involvement in the development of Sora, the company’s unreleased text-to-video tool. The controversy erupts as artists allegedly leaked version of Sora surfaces online, raising questions about OpenAI’s practices and sparking a broader debate about the role of artists in the age of generative AI. The artists, granted early access to Sora as testers and creative partners, claimed they were unknowingly enlisted in an unpaid research and development effort. Their contributions, they alleged, were leveraged for promotional purposes rather than genuine collaboration, with OpenAI benefiting from the artists’ - [Kraken Pulls Plug on NFT Marketplace, Enters 'Withdrawal Mode Only' This Week](https://news.shib.io/2024/11/27/kraken-pulls-plug-on-nft-marketplace-enters-withdrawal-mode-only-this-week/): Kraken abruptly pulls the plug on its NFT marketplace, signaling another blow to the struggling digital collectibles market. Barely two years after its launch, the platform is already winding down, offering users only a few months to salvage their tokens before a complete shutdown in February 2025. In an email to users, Kraken announced the marketplace will enter “withdrawal-only mode” on November 27, 2024, with users having until February 27, 2025 to withdraw their NFTs.  “After February 27, 2025, the Kraken NFT marketplace will be permanently closed, and Kraken will no longer offer NFT custody services,” the platform stated, assuring - [Shiba Inu Could Explode to $0.00003255 If Breakout Happens - Analyst](https://news.shib.io/2024/11/27/shiba-inu-could-explode-to-0-00003255-if-breakout-happens-analyst/): Shiba Inu teeters on the edge of a major breakout, with analysts forecasting a potential surge to $0.00003255. The critical pattern to watch is a tightening symmetrical triangle, signaling a decisive move is imminent. This analysis was shared by a well-known cryptocurrency influencer and analyst who frequently posts market insights and opinions about crypto assets, Carl Runefelt (@TheMoonCarl on X) on Tuesday. The forecast hinged on Shiba Inu breaking above the upper trendline of this triangle formation as shown on the chart he showed. The chart clearly depicted this symmetrical triangle, formed by converging trendlines drawn along a series of - [Sky Mavis Cuts 21% of Workforce, Prioritizing New Axie Game and Ronin Blockchain](https://news.shib.io/2024/11/26/sky-mavis-cuts-21-of-workforce-prioritizing-new-axie-game-and-ronin-blockchain/): Even as its Ronin blockchain explodes in popularity and a new Axie Infinity game is on the horizon — Sky Mavis is cutting 21% of its workforce to focus on future growth.  Sky Mavis reported impressive milestones for Ronin in 2024. The Ronin Wallet surpassed 10 million downloads, and the network itself secured its position as the third most-used blockchain globally, with over 1.1 million daily active addresses. These figures underscore Ronin’s growing prominence in the blockchain gaming sphere. Despite this success, CEO and co-founder Trung Nguyen explained on X (formerly Twitter) that the company is “doubling down on what - [Rumble Allocates Up to $20M to Bitcoin as Part of New Treasury Plan](https://news.shib.io/2024/11/26/rumble-allocates-up-to-20m-to-bitcoin-as-part-of-new-treasury-plan/): The Board of Directors at Rumble has approved a corporate treasury diversification strategy by confirming plans to add Bitcoin to its balance sheet.  The video-sharing platform’s diversification strategy intends to allocate a portion of the company’s excess cash reserves, up to $20 million, to Bitcoin.  Rumble’s recent move highlights the company’s commitment to utilizing cryptocurrency as a strategic tool. As outlined in an official statement on Rumble’s website, the decision is aimed at accelerating the company’s expansion into the crypto sector.  On November 19, Rumble Chairman and CEO Chris Pavlovski floated the idea of adding Bitcoin to the company’s balance - [TRON Founder Justin Sun Gives $30M to Trump Backed Crypto Project](https://news.shib.io/2024/11/26/tron-founder-justin-sun-gives-30m-to-trump-backed-crypto-project/): Crypto entrepreneur Justin Sun has invested $30 million in President-elect Donald Trump’s crypto company World Liberty Financial, making him the largest investor of the decentralized finance project.  “TRON is committed to making America great again and leading innovation,” Sun wrote in an X post on Monday.  According to Bloomberg News, Sun addressed questions about the investment and emphasized that it is “not related to any political purpose.” Instead, he explained that the decision was motivated by the project’s potential to provide “innovative solutions for decentralized lending and governance.” “We’re excited about the momentum experienced by World Liberty Financial, and this - [Attorney General Ken Paxton Sues Biden-Harris Admin Over Unlawful Crypto Regulations](https://news.shib.io/2024/11/26/attorney-general-ken-paxton-sues-biden-harris-admin-over-unlawful-crypto-regulations/): Texas Attorney General Ken Paxton, joined by an 18-state coalition, has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) and members of the Biden-Harris administration, accusing them of unlawfully imposing sweeping cryptocurrency regulations without proper legal authority. A press release from the Texas Attorney General’s office claims that the new SEC rules require digital asset platforms to register as securities exchanges, dealers, brokers, and clearinghouses. The filing argues that these mandates impose federal securities law compliance on platforms, even though such regulations are not explicitly outlined in existing statutory text. However, the SEC claimed such regulations are - [US Officials Detain Bitmain Antminer Units at Ports](https://news.shib.io/2024/11/26/us-officials-detain-bitmain-antminer-units-at-ports/): The Federal Communications Commission (FCC) has reportedly instructed the U.S. Customs and Border Protection (CBP) to seize Bitmain Antminer units at various ports across the country. According to Blockspace Media, CBP focused its efforts on shipments of Bitmain’s latest application-specific integrated circuit (ASIC) miners, the Antminer S21 and T21. The CBP has reportedly detained some of these units for two months. One source stated that the hold-ups are “happening nationwide,” including ports in San Francisco and Detroit.  Sources have also stated that the CBP and FCC have not targeted other manufacturers like MicroBT and Canaan.  FCC Investigation Possibly Linked to - [WisdomTree Files for XRP ETF in Delaware](https://news.shib.io/2024/11/26/wisdomtree-files-for-xrp-etf-in-delaware/): New York-based asset management firm WisdomTree has registered to create an XRP exchange-traded fund (ETF), the first step toward the filing with U.S. Securities and Exchange Commission (SEC). Reports said that WisdomTree filed for the XRP ETF on November 25 in Delaware. The company’s filing places it alongside Bitwise, Canary Capital, and 21Shares as one of the early applicants for an XRP ETF. As of now, no applications for XRP ETFs have been approved by the SEC.  Will Ripple Lawsuit Hold Back XRP ETF Approval? While this progress is encouraging, XRP’s path to becoming an ETF-backed asset is still uncertain, - [Shiba Inu Could Surge Over 300%, Analyst Predicts](https://news.shib.io/2024/11/26/shiba-inu-could-surge-over-300-analyst-predicts-citing-bullish-technical-signals/): Shiba Inu is reportedly poised to surge by over 300% from its recent price as it starts flashing bullish signals.  In a post on X (formerly Twitter), on Tuesday Javon Marks (@JavonTM1 on X) highlighted several bullish technical indicators suggesting SHIB could surge over 300% from current levels. Shiba Inu Forecast “$SHIB (Shiba Inu) looks to be in some of its best positions in years, holding well broken out and up over 162% since, while also showing majorly positive responses to a recent Hidden Bullish Divergence!” Marks wrote. He further predicted that this divergence could propel SHIB over 75% above - [Shiba Inu Shytoshi Kusama Slams Crypto Chaos, Highlights Not-So-Secret Arsenal](https://news.shib.io/2024/11/26/shiba-inu-shytoshi-kusama-slams-crypto-chaos-highlights-not-so-secret-arsenal/): Shytoshi Kusama, the pseudonymous visionary of the Shiba Inu ecosystem, has voiced their concern using a shocking report of abuse on the Pump.fun platform to emphasize the need for the Shib Nation State–a bold framework they believe can reshape crypto ethics and build a secure, transparent Web3 future. Responding to a tweet by X user @mezoteric detailing horrific acts committed for small amounts of cryptocurrency, including alleged child abuse, Kusama said, “I just want everyone to remember posts like this as we continue to unveil the Shib Network State and Operating System therein. They ask why Shib? Why a 100-page - [The Shib Crypto Recap: Monday](https://news.shib.io/2024/11/25/the-shib-crypto-recap-monday-6/): Monday brings a new set of roller-coaster communiqués in the crypto space, including regulatory actions, institutional interest, influencer-driven markets, and the never-ending “unmasking Satoshi Nakamoto” saga. The Shiba universe is not dozing off—SHIB is showing some big-picture progress and project lead Shytoshi Kusama answers hot-button issues in a Q&A session on social media platform X. Read on to learn more. SEC Hits $8.2 Billion in Penalties and Texas Regulates Bitcoin Miners The SEC has reported record fines and penalties of $8.2 billion for fiscal year 2024. This amount is the highest ever, as Gary Gensler prepares to leave the agency - [Pump.fun Under Fire as Livestreams are Exploited for Disturbing Content](https://news.shib.io/2024/11/25/pump-fun-under-fire-as-livestreams-are-exploited-for-disturbing-content/): The decentralized platform Pump.fun, which allows users to create Solana-based memecoins, is facing significant backlash after reports emerged that some users had misused its livestream feature to broadcast harmful and violent acts. Pump.fun, a platform that allows users to promote their memecoins via livestream, has come under fire for its lack of effective content moderation. Critics from within the cryptocurrency community are calling for stricter oversight of the livestream function or its potential removal altogether.  Crypto Community Calls Out Pump.fun On November 25, X user Beau, a Pudgy Penguins safety project manager, raised concerns over a user in a Pump.fun - [Elon Musk Jokes About Bitcoin and the 'Inverse Cramer' Phenomenon](https://news.shib.io/2024/11/25/elon-musk-jokes-about-bitcoin-and-the-inverse-cramer-phenomenon/): Elon Musk, Tesla CEO and a leading voice in the tech world, recently weighed in on Bitcoin’s recent price movements, reacting to a satirical post about financial analyst Jim Cramer’s influence. Referencing the “Inverse Cramer” phenomenon, Musk replied with a laughing emoji and a “100%” symbol, humorously acknowledging the post stating, “Jim Cramer is too powerful.” Bitcoin came close to hitting the $100,000 mark before Cramer’s optimistic comments. Early on Sunday, the cryptocurrency fell below $96,000, reversing its momentum. Cramer, the host of CNBC’s Mad Money and former hedge fund manager, recently shared that he owns Bitcoin, describing the cryptocurrency - [Texas Now Requires Bitcoin Miners to Register with ERCOT Grid](https://news.shib.io/2024/11/25/texas-now-requires-bitcoin-miners-to-register-with-ercot-grid/): The Public Utilities Commission of Texas (PUCT) has implemented a new regulation requiring Bitcoin miners using the Energy Reliability Council of Texas (ERCOT) grid to register and provide key details regarding their facilities.  The rule, passed on November 21, instructs all miners to share their facilities’ locations, ownership details, and electricity demands with the agency. Bitcoin miners are required to register within one working day of connecting to the ERCOT grid.  Miners who fail to register on time will face with a Class A violation with fines of up to $25,000 per day.  ERCOT oversees electricity delivery for about 90% - [Heco Chain Announces Retirement, Urges Asset Redemption](https://news.shib.io/2024/11/25/heco-chain-announces-retirement-urges-asset-redemption/): HECO Network has announced its official retirement, and urges users to convert and redeem their assets before Jan. 10, 2025.  HECO Network, introduced by Huobi Exchange on December 10, 2020, was designed as a decentralized blockchain offering a cost-effective and user-friendly alternative to Ethereum. Its ecosystem was bolstered by support from several notable decentralized finance (DeFi) projects, which contributed significantly to its rise.  The network’s retirement also leads to the disposal of some HRC20 assets, such as HRC20ETH, HRC20TUSD, HRC20LINK, HRC20USDC, HRC20UNI, HRC20SHIB, HRC20HBTC, and HRC20USDT.  Users holding the specified HRC20 assets must transfer their holdings to a designated address - [Cantor Fitzgerald Acquires 5% Stake in Tether in $600M Deal](https://news.shib.io/2024/11/25/cantor-fitzgerald-acquires-5-stake-in-tether-in-600m-deal/): Cantor Fitzgerald, the U.S. financial services and bond trading firm, has reportedly acquired a 5% stake in Tether, the company behind the world’s largest stablecoin, USDT. The move could strengthen Tether’s position at a time when the company is under heightened regulatory scrutiny. According to The Wall Street Journal, Cantor Fitzgerald’s acquisition of Tether, valued at up to $600 million, could have significant political and economic implications. The development gained added attention as the company’s CEO Howard Lutnick has reportedly been tapped to serve as Secretary of Commerce under President-elect Donald Trump. Additionally, the firm is planning to launch a - [Shytoshi Kusama Offers Shocking Response to a Burning Shiba Inu Question](https://news.shib.io/2024/11/25/shiba-inu-visionary-shytoshi-kusama-answers-a-burning-question/): Shytoshi Kusama, the enigmatic visionary behind the Shiba Inu crypto project, has unveiled a long-term strategy that dramatically reshapes the project’s approach to its ambitious 99% burn target, prioritizing ecosystem growth and utility over simple token destruction. The Shiba Inu community has long been captivated—and sometimes frustrated—by the goal of burning 99% of the SHIB token supply, a target inspired by Ethereum co-founder Vitalik Buterin’s historic burn. This ambitious goal fueled both fervent optimism and considerable skepticism. Recently, during a pre-podcast Q&A session, Kusama addressed this directly. Responding to a follower’s question about the “timeline and roadmap of burning 99% - [Satoshi Nakamoto Unmasked? New Theory Links Bitcoin Creator to 2010 Whale](https://news.shib.io/2024/11/25/satoshi-nakamoto-unmasked-new-theory-links-bitcoin-creator-to-2010-whale/): The mystery surrounding Bitcoin creator Satoshi Nakamoto deepens today as a new theory emerges, linking the elusive figure to a massive Bitcoin whale from 2010. Could this finally be the break in the case that crypto enthusiasts have been waiting for? A new theory circulating on X (formerly Twitter) suggested that the mysterious Bitcoin creator, Nakamoto, might not be who—or when—we think. Blockchain researcher Vladimir S (@officer_cia on X) proposed that the elusive Satoshi could, in fact, be the entity behind the so-called “2010 mega whale,” referring to the individual or group controlling a massive trove of Bitcoin mined in - [Crypto and Wall Street's Costliest Year? SEC Announces Record $8.2 Billion in Fines and Penalties](https://news.shib.io/2024/11/25/crypto-and-wall-streets-costliest-year-sec-announces-record-8-2-billion-in-fines-and-penalties/): The U.S. Securities and Exchange Commission (SEC) announced a record $8.2 billion in fines and penalties for fiscal year 2024, its highest ever, just as Chairman Gary Gensler prepares to depart the agency in January 2025.  This record sum revealed in the SEC’s Nov. 22 annual report, highlighted an aggressive enforcement strategy under Gensler’s leadership. Over half stems from a single $4.47 billion settlement with Terraform Labs and its former CEO Do Kwon, following fraud charges related to the 2022 collapse of their blockchain ecosystem.  Significantly, without this landmark settlement, the SEC’s 2024 collections would have been their lowest since - [Shiba Inu Blasts Past Major Cryptos with Stunning 150% Year-to-Date Gain](https://news.shib.io/2024/11/25/shiba-inu-blasts-past-major-cryptos-with-stunning-150-year-to-date-gain/): Shiba Inu, a crypto asset that started as a meme coin and is slowly evolving into a utility coin, turns heads with a remarkable 150% surge year-to-date, leaving even established giants like Bitcoin and Solana in its dust.  Data compiled by World of Statistics revealed the dog-themed altcoin is the second-best performer of 2024, trailing only Dogecoin’s staggering 310% climb. This impressive rally placed SHIB ahead of Solana’s 134% gain and Bitcoin’s respectable 113% increase. Other notable cryptocurrencies, including Binance Coin (BNB) and Ripple (XRP), also lag behind Shiba Inu’s explosive growth. The surge hasn’t gone unnoticed by the project’s - [Meme Coin Mania: 76% of Twitter Influencers Promote Worthless Tokens, Study Finds](https://news.shib.io/2024/11/25/meme-coin-mania-76-of-twitter-influencers-promote-worthless-tokens-study-finds/): Think twice before trusting that crypto influencer on X (formerly Twitter). A new study exposes the dark side of meme coin mania on X: the vast majority of influencer-promoted tokens are dead, leaving investors with significant losses. The research, conducted by CoinWire, a blockchain and cryptocurrency research platform, analyzed over 1,500 meme coins promoted by 377 Twitter influencers with at least 10,000 followers over the past three months. The findings raise serious questions about the role of influencers in the crypto space and the risks they pose to unsuspecting investors. Influencer-Driven Hype Masks Dismal Meme Coin Performance The study’s findings - [Crypto Tokens Crash: 1.8M Fail in Early 2025 Alone](https://news.shib.io/2025/05/02/crypto-tokens-crash-1-8m-fail-in-early-2025-alone/): Nearly one in four crypto tokens launched since 2021 have failed in the first quarter of 2025 alone, as a market downturn and easier token creation fuel the surge in collapses. An analysis by CoinGecko reveals that more than 50% of all cryptocurrencies have failed. Out of nearly 7 million tokens listed on its GeckoTerminal since 2021, 3.7 million are no longer trading and are deemed failures. The analysis noted that most of the 52.7% of failed crypto tokens on GeckoTerminal took place in 2024 and early 2025. In the first quarter of 2025 alone, 1.8 million tokens collapsed, accounting - [SHIB Pay Brings Secure, Self-Custodial Crypto Payments to All](https://news.shib.io/2025/05/02/shib-pay-brings-secure-self-custodial-crypto-payments-to-all/): We’re living in a time when the way we pay for things is changing faster than ever. Enter decentralized payments — a world where banks and middlemen are no longer the go-to for every transaction. Think about it: what if you could send money or pay for goods without relying on any traditional financial institutions? This is exactly what decentralized finance (DeFi) and services like SHIB Pay are all about. At its core, SHIB Pay is tapping into the power of blockchain technology to offer a permissionless, secure, and super-slick way to handle payments. No need for banks or any - [Shibarium Builder Spotlight Highlights WoofSwap on Shibarium](https://news.shib.io/2025/05/01/shibarium-builder-spotlight-highlights-woofswap-on-shibarium/): This week, the Shibarium Builder Spotlight beams down on WoofSwap, a rising decentralized exchange that’s not just riding the meme wave but attempting to rewrite the DeFi playbook from inside Shiba Inu’s layer-2 ecosystem. The project aims to provide “a powerful and efficient platform for DeFi liquidity.” Launched by a team with one of the developers identifying publicly as “Jim,” WoofSwap seeks to address common issues like “high transaction costs and scalability issues,” offering users a more “cost-efficient and user-friendly platform.” By building on Shibarium, WoofSwap leverages the layer-2 solution’s faster transaction speeds and significantly lower fees. Shibarium Builder Spotlight: - [Shiba Inu Price Eyes 26% Surge as Chart Pattern Signals Breakout](https://news.shib.io/2025/05/01/shiba-inu-price-eyes-26-surge-as-chart-pattern-signals-breakout/): The action of Shiba Inu price action is stirring the charts, with a crypto analyst pointing to a bullish breakout that could catapult the token 26% higher — if the wedge pattern plays out. Analyst Eyes Shiba Inu Price Pattern The forecast originates from a crypto trader known online as SHIB KNIGHT. Posting on X (formerly Twitter), the analyst shared the Shiba Inu price chart against the stablecoin Tether (USDT). The chart highlighted a specific technical formation known as a “falling wedge.” This pattern occurs when an asset’s price bounces between two downward-sloping trend lines that are gradually converging. Some - [Ripple Eyes Takeover of Stablecoin Giant Circle](https://news.shib.io/2025/05/01/ripple-eyes-takeover-of-stablecoin-giant-circle/): Ripple, the digital payments firm best known for its XRP token, has reportedly quietly set its sights on one of the most influential companies in crypto: Circle, the issuer of the $60 billion USDC stablecoin.  In recent weeks, Ripple approached Circle with an acquisition offer valued between $4 billion and $5 billion, a recent report from Bloomberg revealed. The bid was rebuffed. But the approach signals Ripple’s deepening ambition to expand its footprint in the fast-evolving stablecoin market — and possibly reshape it in the process. Circle Charts Its Own Course For now, Circle seems determined to forge its own - [Trump Admin Eyes Overhaul of Biden-Era Rules on U.S.-Made AI Chips](https://news.shib.io/2025/04/30/trump-admin-eyes-overhaul-of-biden-era-rules-on-u-s-made-ai-chips/): The Trump administration has reportedly begun revising a Biden-era policy that restricts global access to U.S.-made AI chips, including potentially eliminating the current tiered system used to determine how many advanced semiconductors each country can obtain. According to a report by Reuters, sources familiar with the matter have shared that the proposed changes are still being debated and may be revised. However, if implemented, they could eliminate the tiered framework, potentially allowing U.S.-made AI chips to serve as a more influential tool in international trade negotiations. The U.S. Department of Commerce issued the Framework for Artificial Intelligence Diffusion in January, - [DOJ Seeks 20-Year Prison Term for Celsius Founder Alex Mashinsky](https://news.shib.io/2025/04/30/doj-seeks-20-year-prison-term-for-celsius-founder-alex-mashinsky/): The U.S. Department of Justice (DOJ) has pushed for a 20-year prison sentence for Alex Mashinsky, the ex-CEO of the collapsed crypto platform Celsius, over his involvement in a massive fraud scheme. In an April 28 sentencing memorandum, the U.S. government recommended the 20-year prison sentence for Mashinsky, citing his fraudulent actions that resulted in Celsius users losing access to approximately $4.7 billion in crypto assets. The platform had halted withdrawals on June 12, 2022, as part of its collapse, and Mashinsky’s role in the scheme has been blamed for the financial hardship suffered by users. In addition to the - [FTX Sues NFT Firms Over Missing Tokens in $1.3M Asset Dispute](https://news.shib.io/2025/04/30/ftx-sues-nft-firms-over-missing-tokens-in-1-3m-asset-dispute/): FTX, the collapsed cryptocurrency exchange, has revealed plans to sue NFT Stars Limited and Kurosemi Inc. over claims they failed to deliver tokens as part of a deal involving Delysium, warning that more legal actions could follow. In a statement issued on April 28, FTX said it is reaching out to multiple token and coin issuers over outstanding digital assets tied to the exchange and plans to file further lawsuits against those who fail to respond. The company urged involved parties to engage cooperatively to avoid legal action. The lawsuit accuses both companies of allegedly violating their investment contracts by - [UK Unveils Crypto Legislation, Joins US on Innovation Sandbox](https://news.shib.io/2025/04/30/uk-unveils-crypto-legislation-joins-us-on-innovation-sandbox/): UK Chancellor Rachel Reeves has unveiled draft crypto legislation aimed at regulating cryptoassets, seeking to enhance consumer protections and bolster investor confidence in the rapidly growing digital asset sector.​ The draft crypto legislation, revealed by Reeves at a major summit in London during UK Fintech Week, responds to the rising levels of cryptocurrency ownership in the UK and the increasing risks posed by scams and bad actors. “Firms offering services for cryptoassets like Bitcoin and Ethereum will be subject to new, clear rules, boosting investor confidence and driving growth through the Plan for Change,” the HM Treasury stated in an - [How DAOs Are Shaping Web3: The Rise of Decentralized Autonomous Organizations](https://news.shib.io/2025/04/30/how-daos-are-shaping-web3-the-rise-of-decentralized-autonomous-organizations/): In the traditional world, we’re all used to the same old setup: companies have bosses, governments have elected officials, and decisions get made by a few people at the top. But what if you didn’t need a boss or a central authority to make decisions? What if everyone had an equal say? Enter Decentralized Autonomous Organizations (DAOs), the new kids on the block that are flipping the script on how things get done. DAOs are changing the game by letting communities and users make decisions together, without needing middlemen. They operate through blockchain technology, ensuring that everything is transparent, secure, - [Monero Price Spikes 50% After Suspected $330M Bitcoin Theft](https://news.shib.io/2025/04/29/monero-price-spikes-50-after-suspected-330m-bitcoin-theft/): On-chain researcher ZachXBT has raised alarms over a suspicious transfer of 3,520 Bitcoin, worth roughly $330.7 million, which caused a spike in the price of Monero, suggesting it may be linked to a major theft. In a post shared on X on April 28, the on-chain analyst reported that the Bitcoin was transferred from what appears to be a compromised wallet to the address beginning with “bc1qcry” and ending in “vz55g.” ZachXBT also pointed out that the stolen Bitcoin was funneled through more than six instant exchange platforms before being converted into Monero (XMR), a privacy-centric cryptocurrency. The large-scale swap - [Bitget Targets Eight Traders Over $20M VOXEL Futures Manipulation](https://news.shib.io/2025/04/29/bitget-targets-eight-traders-over-20m-voxel-futures-manipulation/): Crypto exchange Bitget has announced it is taking legal action and sending formal letters to eight users it alleges have manipulated the VOXEL token perpetual futures prices. In a post on X, Bitget’s head of Chinese operations, Xie Jiayin, announced that the exchange has begun issuing legal notices to eight users accused of manipulating trades and collectively profiting $20 million during the VOXEL futures incident on April 20. “Except for these 8 accounts, all other users who participated in VOXEL trading between 16:00-16:30 on April 20 and have withdrawn funds do not need to worry! The accounts have been restored - [Ethereum Foundation Revamps Leadership to Boost Ecosystem](https://news.shib.io/2025/04/29/ethereum-foundation-revamps-leadership-to-boost-ecosystem/): In an effort to bolster its leadership amid Ether’s recent price decline, the Ethereum Foundation has outlined clearer distinctions between its board and management roles, aiming to strengthen the organization’s strategic direction and operational focus. Per an April 28 blog post, the foundation, the key organization supporting Ethereum’s development, revamped its leadership framework by clearly dividing duties between its executive team and board of directors. The restructuring is designed to streamline operations and reinforce long-term governance as the network evolves. Under the new structure, the management team will concentrate on executing the strategic and operational goals outlined by the board, - [Tornado Cash Wins Legal Battle, Judge Blocks Treasury from Reimposing Sanctions](https://news.shib.io/2025/04/29/tornado-cash-wins-legal-battle-judge-blocks-treasury-from-reimposing-sanctions/): U.S. District Judge Robert Pitman of the Western District of Texas has sided with Tornado Cash, a widely used crypto mixer, against the Office of Foreign Assets Control (OFAC. The court’s decision now legally bars OFAC from reinstating the original sanctions. Coinbase Chief Legal Officer Paul Grewal shared excerpts of the court decision on X, confirming that OFAC is now legally barred from reimposing its original sanctions.  “Congratulations to the brave plaintiffs who had the courage to stand up to their own government for their rights under law.  We celebrate so much vapid nonsense in our culture; these are the - [Why Blockchain Is the Future of Data Security and Privacy](https://news.shib.io/2025/04/29/why-blockchain-is-the-future-of-data-security-and-privacy/): In today’s digital age, it seems like everyone has experienced some form of a data breach, whether it’s your email getting hacked, your credit card information stolen, or even your social media profile being compromised. It’s a constant reminder of how fragile our personal data really is, and how easily it can slip into the wrong hands. The truth is, data security and privacy are more critical than ever before — and traditional systems are just not cutting it anymore. Now, picture this: a technology so secure, transparent, and user-controlled that it could help prevent these digital nightmares. Enter blockchain - [Shiba Inu Price Eyes $0.00003000 Resistance Amid Bitcoin Surge](https://news.shib.io/2025/04/28/shiba-inu-price-eyes-0-00003000-resistance-amid-bitcoin-surge/): The Shiba Inu price is poised to test a critical resistance level near $0.00003000, driven by Bitcoin’s potential strength in the market. As Bitcoin shows signs of upward momentum, an analyst predicts that SHIB could rally toward this key mark, signaling a possible turning point. Analyst Charts Potential Path for Shiba Inu Price This optimistic outlook comes from a technical analysis shared on the platform X by market watcher StrongHedge. The forecast hinges significantly on Bitcoin, the crypto market’s leader, continuing its own upward push.  “Running with $BTC leg up – expecting a LH into 3000 tops,” the analyst wrote, - [ProShares XRP Futures ETFs Set for April 30 Debut, SEC Approves](https://news.shib.io/2025/04/28/proshares-xrp-futures-etfs-set-for-april-30-debut-sec-approves/): The U.S. Securities and Exchange Commission (SEC) has given the green light to ProShares Trust, a major financial services firm, to launch three exchange-traded funds (ETFs) based on XRP futures. This approval marks a significant milestone for XRP investors, offering a new way to gain exposure to the cryptocurrency’s price movements without directly owning the asset. A recent filing reveals that the Ultra XRP ETF, Short XRP ETF, and Ultra Short XRP ETF are set to launch on April 30. These funds will become the second, third, and fourth XRP-focused ETFs to debut in the United States. It’s essential to - [150 Billion Stolen Shiba Inu Tokens from Bitrue Hack Swapped, Laundered](https://news.shib.io/2025/04/28/150-billion-stolen-shiba-inu-tokens-from-bitrue-hack-swapped-laundered/): 150 billion stolen Shiba Inu tokens from the Bitrue hack are being swapped and laundered, as malicious actors move the assets through Tornado Cash to obscure their trail. Details Emerge on Stolen Shiba Inu Tokens Conversion Blockchain security firm PeckShield recently alerted the crypto community to significant movements from wallet addresses associated with the 2023 Bitrue exchange exploit. On-chain data revealed the malicious actors swapped a massive 150 billion Shiba Inu tokens (SHIB), along with approximately 756 million Holo (HOT) tokens. These assets were converted into roughly 1,500 Ether (ETH). Following the swap, the exploiters quickly moved to obscure the - [Investors Sue Nike for $5M Over Alleged RTFKT NFT Project Abandonment](https://news.shib.io/2025/04/28/investors-sue-nike-for-5m-over-alleged-rtfkt-nft-project-abandonment/): A group of investors has filed a class action lawsuit against Nike, claiming that the athletic wear company caused significant financial losses by shutting down its Web3-focused subsidiary, RTFKT, and eliminating millions of dollars in investments. Court documents reveal that Nike allegedly “rug pulled” the community by shutting down RTFKT, severing demand for its associated digital assets. The plaintiffs argue that Nike leveraged its brand strength and marketing expertise to promote what they describe as unregistered securities, only to abruptly abandon the project. The lawsuit also claims that Nike took advantage of the cryptocurrency surge to boost sales of non-fungible - [Trump Meme Coin Dinner Fuels Call for Impeachment](https://news.shib.io/2025/04/28/trump-meme-coin-dinner-fuels-call-for-impeachment/): Georgia U.S. Senator Jon Ossoff has voiced his backing for President Donald Trump’s impeachment, pointing to a controversial event involving a private dinner with top holders of the TRUMP meme coin. According to NBC News, during a town hall meeting in Georgia on April 25, Senator Ossoff condemned President Trump, accusing him of “selling access” to the presidency. “I mean, I saw just 48 hours ago, he is granting audiences to people who buy his meme coin,” Ossoff stated. “When the sitting president of the United States is selling access for what are effectively payments directly to him. There is - [Lazarus Group Behind Fake US Firms Targeting Crypto Workers - Report](https://news.shib.io/2025/04/28/lazarus-group-behind-fake-us-firms-targeting-crypto-workers-report/): The Lazarus Group has reportedly launched two U.S.-based businesses in violation of Treasury sanctions, using them to spread malware to crypto developers. Cybersecurity researchers and documents reviewed by Reuters reveal that Blocknovas LLC and Softglide LLC — two businesses tied to the North Korea-linked cyber hacking group — were established in New York and New Mexico using fake identities and addresses. A third company, Angeloper Agency, is also connected to the operation, although it does not appear to be officially registered in the United States. “This is a rare example of North Korean hackers actually managing to set up legal - [The Ethics of Blockchain: Balancing Privacy, Transparency and Security](https://news.shib.io/2025/04/28/the-ethics-of-blockchain-balancing-privacy-transparency-and-security/): When blockchain first burst onto the scene, it sounded like something straight out of a sci-fi novel — digital money, unstoppable code, records no one could erase. A revolution was promised, and to be fair, it’s delivered in a lot of ways. But with every flashy innovation comes a very real question: what about the ethics of blockchain? At its core, the ethics conversation isn’t just about whether blockchain is “good” or “bad.” It’s about three big ideas that tug at each other like kids on a playground: privacy (who gets to keep secrets), transparency (who has to share their - [Crypto Rules Relaxed: Fed Clears Banks to Enter the Game](https://news.shib.io/2025/04/25/crypto-rules-relaxed-fed-clears-banks-to-enter-the-game/): The U.S. Federal Reserve has announced the withdrawal of its guidance that discouraged banks from engaging in crypto and stablecoin activities, signaling a shift in crypto rules. This change could pave the way for more traditional financial institutions to explore opportunities in the digital asset space. In a statement issued on April 24, the Federal Reserve’s Board of Governors announced that it is reversing its 2022 supervisory letter, which required state member banks to notify the Fed in advance of any planned or ongoing crypto-asset activities. This move marks a shift in the Fed’s approach to overseeing banks involved in - [Shaquille O’Neal Settles FTX Lawsuit After Months of Evasion](https://news.shib.io/2025/04/25/shaquille-oneal-settles-ftx-lawsuit-after-months-of-evasion/): Shaquille O’Neal, the retired NBA star, has reached a settlement with investors who allege financial losses from the collapse of crypto exchange FTX, as part of a larger $21 billion lawsuit targeting celebrity endorsers of the platform. A filing on April 23 in the U.S. District Court for the Southern District of Florida revealed that the details of the settlement will be made public once investors formally request preliminary court approval. The specific settlement amount remains undisclosed. The legal proceedings involving the NBA star are part of a broader multidistrict litigation, with investors seeking up to $21 billion in damages - [Russia Plans Crypto Exchange for Wealthy Investors in Trial Program](https://news.shib.io/2025/04/25/russia-plans-crypto-exchange-for-wealthy-investors-in-trial-program/): Russia’s Finance Ministry and Central Bank have announced plans to launch a crypto exchange aimed at qualified investors, operating under an experimental legal framework. According to local reports, Finance Minister Anton Siluanov said during an expanded ministry board meeting that the launch of the crypto exchange will “legalize crypto assets and bring crypto operations out of the shadows.”  “Naturally, this will not happen domestically, but as part of the operations permitted under the experimental legal regime,” Siluanov added.  In March, the Central Bank announced that it had put forward a proposal to the government to permit cryptocurrency transactions under the - [Trump Floats Major Tariff Cuts, But Beijing Isn’t Buying It](https://news.shib.io/2025/04/25/trump-floats-major-tariff-cuts-but-beijing-isnt-buying-it/): President Donald Trump has suggested he might ease tariffs on Chinese imports, signaling a potential shift in the ongoing trade standoff. But the move has reportedly been met with skepticism in Beijing, where officials have dismissed the gesture — and online commentators have mocked the planned tariff cuts as a sign of retreat. President Trump signaled a softer approach to U.S.-China trade negotiations on Tuesday, telling reporters in the Oval Office that tariffs on Chinese imports could be significantly reduced. He also pledged a more conciliatory tone in upcoming talks, saying he planned to be “very nice” in contrast to - [WOOF Wars: Farming 2.0 Unleashes Strategic Yield and Governance](https://news.shib.io/2025/04/25/woof-wars-farming-2-0-unleashes-strategic-yield-and-governance/): Welcome to the world of yield farming—where strategy meets rewards and every decision can stack your crypto gains. Now imagine that world with a twist of community power and a dash of competition. That’s WOOF Wars, a next-gen farming experience launched by the Shiba Inu ecosystem that turns liquidity farming into a strategic game powered by the community. At the heart of it all is something called veTREAT—a special form of voting power you get by locking up your $TREAT tokens. With veTREAT in paw (or hand), Shibizens get to vote on which trading pairs should earn the biggest rewards. - [Shiba Inu Builds](https://news.shib.io/2025/04/24/shiba-inu-builds/): Read the latest edition of The Shib Magazine here. - [Crypto Scams: How to Identify and Avoid Them](https://news.shib.io/2025/04/24/crypto-scams-how-to-identify-and-avoid-them/): Crypto can be exciting—but where there’s hype, there are hustlers. You’ve probably heard the stories: someone flips a few hundred bucks into a fortune overnight. Tempting, right? That’s the magic—and the trap. As digital currencies like Bitcoin and Ethereum have taken off, they’ve opened the floodgates not just to new possibilities, but also to a wave of crypto scams designed to take advantage of that same excitement. Unlike traditional finance, the crypto world doesn’t have the same safety nets. There’s no 1-800 hotline if your coins go missing. No friendly neighborhood banker to undo a shady transaction. That’s part of - [DAOs: The Future of Governance in a Decentralized World](https://news.shib.io/2025/04/24/daos-the-future-of-governance-in-a-decentralized-world/): We’re all used to the old-school way of governance—whether in corporations, governments, or nonprofits, where a few people at the top hold the reins. But what if there was a new way? A way where everyone has a voice? Enter DAOs (Decentralized Autonomous Organizations). Imagine a world where decision-making isn’t controlled by a handful of people but is spread out across a whole community, all thanks to the power of blockchain. That’s what DAOs are bringing to the table: a system where every member can help shape the future by voting on decisions, suggesting ideas, and actually having a say - [How Web3 Is Redefining Data Ownership for Everyday Users](https://news.shib.io/2025/04/24/how-web3-is-redefining-data-ownership-for-everyday-users/): Data ownership might sound like a buzzword, but it’s quickly becoming one of the most important issues of our digital lives. Think about it: every time you use a social app, shop online, or stream music, you’re handing over bits and pieces of yourself—your preferences, behaviors, even your location. Most of us scroll through terms and conditions like it’s a race just to hit “accept.” Meanwhile, companies scoop up that data, turn it into profit, and leave us with… well, ads that follow us around the internet. It’s no wonder people are getting a little suspicious—and a lot more curious—about - [Unlocking Financial Inclusion Through Blockchain Innovation](https://news.shib.io/2025/04/24/unlocking-financial-inclusion-through-blockchain-innovation/): Imagine trying to book a ride, get paid for a gig, or even buy a coffee—but without a bank account. Sounds impossible, right? For over a billion people around the world, that’s everyday life. No access to banks, no credit history, no safety net. That’s where financial inclusion steps in—it’s about opening the doors to the financial system so everyone can join, no matter their income, location, or background. Think savings, loans, payments, insurance—the full money toolkit. It’s not just about convenience; it’s about giving people the tools to grow, protect, and take control of their finances. And thanks to - [Crypto 101 for Teens: How to Get Started with Bitcoin and Ethereum](https://news.shib.io/2025/04/24/crypto-101-for-teens-how-to-get-started-with-bitcoin-and-ethereum/): So your favorite YouTuber just bought a digital sneaker for more than your entire gaming setup—and they paid in crypto. Or maybe your friend won’t stop talking about “staking ETH” like it’s some kind of fantasy game move. Whatever the case, you’ve probably heard about Bitcoin and Ethereum and thought… what is this stuff? Welcome to Crypto 101 for Teens, your no-stress, hype-free guide to figuring out what crypto is, how it works, and how you can start learning about it without needing a degree in rocket science (or finance). This article breaks everything down in plain language—no confusing jargon, - [Crypto ETFs 'Made in America': Trump Family Reveals Bold Plans](https://news.shib.io/2025/04/23/crypto-etfs-made-in-america-trump-family-reveals-bold-plans/): Trump Media and Technology Group (TMTG), the media venture founded by President Donald Trump, has finalized a binding partnership with Crypto.com and Yorkville America Digital to launch a series of crypto ETFs and other exchange-traded products (ETPs) through its Truth.Fi financial brand. In an April 22 press release, Trump Media and its partners announced that the binding agreement builds on a preliminary deal reached in March. The firms have enlisted Davis Polk & Wardwell LLP to provide legal counsel as they move forward with developing and launching the upcoming exchange-traded funds (ETFs). The upcoming crypto ETFs will be offered through - [Judge Ships Binance Crypto Theft Case to Florida in Bid to Speed Things Up](https://news.shib.io/2025/04/23/judge-ships-binance-crypto-theft-case-to-florida-in-bid-to-speed-things-up/): U.S. District Judge Barbara Rothstein has approved a motion by Binance to transfer a money laundering lawsuit from Washington to the Southern District of Florida, where a related case is already pending. The lawsuit brought against Binance in Washington in August 2024 centers on allegations nearly identical to those outlined in a separate case filed in Florida in June 2023. Both suits accuse the cryptocurrency exchange of enabling cybercriminals to launder illicit funds through its platform. Judge Rothstein cited the “first-to-file” rule as the basis for her decision, aiming to prevent duplicative litigation. She added that despite differences in how - [XRP Ledger Fixes Security Flaw in Popular Developer Tool](https://news.shib.io/2025/04/23/xrp-ledger-fixes-security-flaw-in-popular-developer-tool/): The XRP Ledger Foundation has disclosed a major security flaw in the official JavaScript library used to interact with the XRP Ledger blockchain, prompting a swift software update to patch the issue. Blockchain security firm Aikido revealed in an April 22 blog post that the open-source JavaScript library used to interact with the XRP Ledger had been infiltrated. According to the post, “sophisticated attackers” managed to implant a backdoor designed to “steal cryptocurrency private keys and gain access to cryptocurrency wallets.” “This package is used by hundreds of thousands of applications and websites making it a potentially catastrophic supply chain - [Trump Teases Tariff Rollback After Talks With Xi](https://news.shib.io/2025/04/23/trump-teases-tariff-rollback-after-talks-with-xi/): President Donald Trump has expressed optimism about a potential trade deal with Beijing, announcing that a significant tariff rollback may happen soon following negotiations with Chinese President Xi Jinping. In the Oval Office after a brief swearing-in ceremony for U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins, President Trump shared his thoughts on the ongoing trade talks with China. He described the negotiations as “doing fine,” noting that “everybody wants to have involvement” in American markets. President Trump emphasized that both he and Chinese officials would approach future discussions in a “very nice” manner. However, he remained firm in - [Decentralized Finance (DeFi): The Future of Finance?](https://news.shib.io/2025/04/23/decentralized-finance-defi-the-future-of-finance/): Decentralized finance — better known as DeFi — is what happens when you take all the things banks usually do (like lending money, earning interest, trading assets) and rebuild them on the internet without the banks. No branches. No bankers. No “sorry, we’re closed.” Just code, crypto, and around-the-clock access to your own financial playground. Think of DeFi as a global money system run by smart contracts instead of suits and spreadsheets. These contracts are like little robots on the blockchain that do what you tell them to—no waiting, no approvals, no nonsense. Want to lend your crypto and earn - [Saying “Please” to ChatGPT Adds Millions to OpenAI Costs](https://news.shib.io/2025/04/22/saying-please-to-chatgpt-adds-millions-to-openai-costs/): OpenAI CEO Sam Altman has revealed that polite interactions with ChatGPT — specifically messages containing “please” and “thank you” — have contributed to a surprising expense for the AI firm. In a recent exchange on X, Altman responded to a user wondering how much the company has spent as a result of users typing “please” and “thank you” in their interactions with its AI models. Altman acknowledged the unexpected cost, estimating it at “tens of millions of dollars”—but added that it was “well spent,” suggesting that the display of politeness reflects a broader positive trend in how people engage with - [Telegram May Exit EU Markets Over Encryption Backdoor Demands](https://news.shib.io/2025/04/22/telegram-may-exit-eu-markets-over-encryption-backdoor-demands/): Telegram CEO Pavel Durov has raised alarms over growing threats to private messaging in France and the EU, stating the platform would rather exit these markets than compromise user privacy with encryption backdoors. On April 21, Durov shared a message on his Telegram channel, “Du Rove’s Channel,” addressing the European Union’s escalating attempts to undermine messaging encryption. He criticized proposals to introduce backdoors, which would enable authorities to bypass encryption and gain access to private user data.  “Last month, France nearly banned encryption. A law requiring messaging apps to implement a backdoor for police access to private messages was passed - [Shibarium Dev Spotlight Highlights Hachi's Cross-Chain Expansion](https://news.shib.io/2025/04/22/shibarium-dev-spotlight-highlights-hachis-cross-chain-expansion/): Loyalty takes the main stage as the Shibarium Dev Spotlight initiative illuminates Hachi Token’s bold expansion, showcasing how this Ethereum-born project now bridges its Hachiko-inspired mission directly onto the Shibarium network. Hachi Token Profiled in Shibarium Dev Spotlight Featured in the Shibarium Dev Spotlight, Hachi Token (HACHI) details its core identity. “Hachi Token is a cryptocurrency project inspired by the story of Hachiko, the loyal Japanese dog symbolizing dedication and resilience,” the team shared. Launched initially on Ethereum nearly three years ago, the project “aims to build a community-driven ecosystem centered on loyalty and consistency.” Led by the pseudonymous Kobayashi - [Bone Price Shows Positive Momentum Amid Strong Community Backing](https://news.shib.io/2025/04/22/bone-price-shows-positive-momentum-amid-strong-community-backing/): The Bone price jumped nearly 12% over the past week, fueled by rising trade volumes and strong community optimism, even as the technical chart suggests its momentum is still building, not yet reaching a fever pitch. Bone Price Climbs: Latest Data Update As of 4:02 a.m. ET on Tuesday, the Bone price registered at $0.2765, according to CoinMarketCap data. This marks a significant 13.11% increase over the preceding seven days.  Underscoring this positive momentum, the 24-hour trading volume hit $5.16 million, representing a 24.54% surge compared to the same period last week, suggesting heightened trader interest accompanies the price climb. - [SEC to Review 70+ Crypto ETFs in 2025 Under New Leadership](https://news.shib.io/2025/04/22/sec-to-review-70-crypto-etfs-in-2025-under-new-leadership/): The U.S. Securities and Exchange Commission (SEC) is set to review more than 70 crypto ETFs in 2025, with proposals spanning altcoins, meme coins, indexes, and derivatives—signaling a potential turning point in how digital assets are packaged for mainstream investors.  Senior Bloomberg ETF analyst Eric Balchunas noted that the lineup of proposed crypto ETFs under review by the SEC features a wide spectrum of assets, including everything from altcoins and meme coins to more complex derivative instruments. “Everything from XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and everything in between. Gonna be a wild year,” Balchunas wrote - [M3M3 Token Investors Sue Over Alleged $69M Fraud](https://news.shib.io/2025/04/22/m3m3-token-investors-sue-over-alleged-69m-fraud/): Investors have filed a class-action lawsuit against the decentralized finance (DeFi) protocol Meteora, alleging manipulation of the M3M3 token launch and market price. In a newly amended complaint filed on April 21 in the U.S. District Court for the Southern District of New York, investors allege that Meteora, along with venture capital firm Kelsier Labs and four current or former executives, intentionally misrepresented key details surrounding the launch of the M3M3 token in December 2024. The plaintiffs claim these actions were part of an effort to “illicitly enrich themselves.” Investors claimed to have lost at least $69 million between December - [Inside Super HUB FUN: Shiba Inu’s Social Playground Levels Up](https://news.shib.io/2025/04/22/inside-super-hub-fun-shiba-inus-social-playground-levels-up/): In the world of the Shiba Inu network state, things move fast — and they move together. That’s where Super HUB FUN comes in. It’s not just a cool name (though, let’s admit, it is pretty fun); it’s the all-in-one social and discovery platform that connects every corner of the ecosystem. So, what is Super HUB FUN? It’s the central hangout where Shibizens can explore hubs, discover new decentralized apps (dApps), connect with communities, support businesses, and stake on projects they believe in. It’s part social network, part marketplace, part gateway to the wild, wonderful world of Shiba Inu. Why - [Shiba Inu Chart Hints at Reversal as Whale Transactions Surge](https://news.shib.io/2025/04/22/shiba-inu-chart-hints-at-reversal-as-whale-transactions-surge/): A pattern suggesting a potential price reversal is taking shape on the Shiba Inu chart, catching analysts’ attention just as on-chain data reveals a dramatic spike in large transactions. The timing has observers speculating that major holders, or “whales,” may be positioning themselves, hinting at renewed interest in the meme coin’s next move. Potential Reversal Pattern Emerges on Shiba Inu Chart Technical analysts are eyeing a specific formation on the daily price chart for Shiba Inu (SHIB), particularly as depicted in analysis published on TradingView by the user @CryptoWizard101 on Monday. The chart appears to show the cryptocurrency carving out - [UK Gang Created Meme Coin in Crypto Money Laundering Plot](https://news.shib.io/2025/04/22/uk-gang-created-meme-coin-in-crypto-money-laundering-plot/): In a new twist on financial crime, a British drug gang has reportedly minted its own digital currency. The goal isn’t internet fame for their meme coin, a crime expert warns, but pioneering a brazen new method of crypto money laundering. Expert Flags Novel “Meme Coin” Scheme This unusual venture was brought to light by Gary Carroll, a specialist in drug crime analysis with years of policing experience. He learned of the active scheme through his contacts, though he couldn’t name the gang or the specific coin to protect those sources. Carroll, an expert witness who has studied the methods - [Bybit Tracks $1B+ in Stolen Crypto From Lazarus Group Hack](https://news.shib.io/2025/04/21/bybit-tracks-1b-in-stolen-crypto-from-lazarus-group-hack/): Bybit CEO Ben Zhou has revealed that more than two-thirds of the $1.4 billion stolen in a February cyberattack have remained traceable, as the exchange ramps up efforts to recover the funds. In an update on X, Zhou informed the community that nearly 70% of the stolen funds “remain traceable.” He revealed that 27.6% of the funds have disappeared from view, while 3.8% have been frozen. The untraceable portion of the stolen assets largely passed through mixers before moving to peer-to-peer (P2P) and over-the-counter (OTC) platforms via cross-chain bridges. “Recently, we have observed that the mixer mainly used by the - [MicroStrategy Expands Bitcoin Holdings as Institutional Interest Grows](https://news.shib.io/2025/04/21/microstrategy-expands-bitcoin-holdings-as-institutional-interest-grows/): MicroStrategy co-founder Michael Saylor has signaled that the company may soon increase its massive Bitcoin holdings. This is while revealing that over 13,000 institutions now have direct exposure to its stock, further cementing the firm’s position as a gateway between traditional finance and the crypto market. MicroStrategy expanded its Bitcoin holdings on April 14 with the purchase of 3,459 BTC, worth more than $285 million at the time. The acquisition pushed the company’s total holdings to 531,644 BTC—now valued at over $44.9 billion. Saylor, known for signaling upcoming Bitcoin buys with his Sunday BTC chart posts, later shared a detailed - [Buterin Proposes RISC-V to Boost Ethereum Efficiency](https://news.shib.io/2025/04/21/buterin-proposes-risc-v-to-boost-ethereum-efficiency/): Ethereum co-founder Vitalik Buterin is reportedly floating the idea of swapping out the Ethereum Virtual Machine’s (EMV) current contract language for RISC-V. The goal is to boost execution speed and efficiency as the network seeks to better compete with high-performance smart contract platforms.  Buterin outlined several long-term hurdles the network must address to scale effectively. Among them: developing reliable data availability sampling, keeping block production decentralized and competitive, and advancing zero-knowledge proof systems for the EVM. The Ethereum co-founder believes adopting the RISC-V instruction set for Ethereum smart contracts could boost execution layer performance—particularly for zero-knowledge operations—while helping maintain a - [AI Robot Cop Hits the Streets During Thai Festival](https://news.shib.io/2025/04/21/ai-robot-cop-hits-the-streets-during-thai-festival/): The Royal Thai Police (RTP) has unveiled the nation’s first AI robot, equipped with facial recognition tech, to assist in surveillance and public safety efforts. According to The Straits Times, the new AI-powered robot named Police Colonel Nakhonpathom Plod Phai — meaning “Nakhon Pathom is safe” — was rolled out in Nakhon Pathom province during the Songkran festival. Nicknamed “AI Police Cyborg 1.0,” the robot officer features a Robocop-style design and is outfitted with advanced 360-degree AI-powered surveillance cameras. The robot is the result of a collaborative effort between Provincial Police Region 7, the Nakhon Pathom Municipality, and the local - [Web3 for Teens: Exploring the Decentralized Economy](https://news.shib.io/2025/04/21/web3-for-teens-exploring-the-decentralized-economy/): Picture this: What if the internet wasn’t controlled by a few big companies, but by everyone? That’s the promise of Web3 — and at the heart of it is the decentralized economy, where control is shared, not hoarded. It might sound like sci-fi, but it’s happening right now. Web3 is all about giving you more power online. Today, we’re living through a major digital shift — and teens are right at the forefront. The way we interact, trade, create, and even own things online is being transformed. Gone are the days of big corporations calling all the shots. With Web3, - [Shiba Inu Chart Signals Bullish Trend, Analyst Predicts Surge](https://news.shib.io/2025/04/18/shiba-inu-chart-signals-bullish-trend-analyst-predicts-surge/): A technical pattern on the Shiba Inu chart this week has drawn the attention of cryptocurrency analysts, with one suggesting it could signal significant price gains for the widely followed digital asset. Bullish Divergence Emerges on Shiba Inu Chart Jason Marks (@JavonTM1 on X), publishing analysis on the social media platform X, identified what is known in technical analysis circles as a regular bullish divergence. This type of signal is sometimes interpreted by traders as an indicator of potential upward price movement in the near future. “$SHIB (Shiba Inu) right there along with a Regular Bullish Divergence as well! BY - [US Charges Wall Street Vet in $7M Crypto Casino Scheme](https://news.shib.io/2025/04/18/us-charges-wall-street-vet-in-7m-crypto-casino-scheme/): Federal prosecutors charge Richard Kim, a former executive at top Wall Street firms and founder of a startup crypto casino, with defrauding investors out of millions. The government alleges Kim solicited over $7 million for his venture, Zero Edge, under false pretenses and then misappropriated the funds, losing most through high-risk trades and gambling. Kim, previously with Galaxy Digital, Goldman Sachs, and JPMorgan Chase, was arrested Tuesday, according to court filings. Complaint Details Alleged Crypto Casino Fraud The accusations appear in a formal complaint filed in the Southern District of New York, charging Kim with wire fraud and securities fraud - [Shibarium Dev Initiative Spotlights Shups Ecosystem Hub](https://news.shib.io/2025/04/18/shibarium-dev-initiative-spotlights-shups-ecosystem-hub/): Shibarium’s future ignites! The Shibarium Dev Initiative pulls back the curtain on builders shaping the L2, spotlighting Shups Ecosystem – a project forging a dynamic hub blending ROI opportunities with real-world impact as the network surpasses 1 billion transactions. Shibarium Dev Initiative Spotlights Shups Ecosystem Launched as part of the ongoing Shibarium dev initiative to showcase the diverse talent building on Shiba Inu layer-2 scalability solution, this feature explores the Shups Ecosystem. Spearheaded by pseudonymous founder Eternal Night Designs, the project aims to provide a multifaceted experience for users within the Shibarium environment.  Described as a potential “one-stop shop for - [Tariff Hike Threatens US Bitcoin Mining as Costs Set to Surge](https://news.shib.io/2025/04/18/tariff-hike-threatens-us-bitcoin-mining-as-costs-set-to-surge/): American crypto miners have grown increasingly concerned about their future operations as President Donald Trump’s new tariffs target Asian imports — a major source of Bitcoin mining equipment for the industry. Bitcoin mining hardware manufactured in Southeast Asia now faces potential tariffs of up to 36%, putting added pressure on U.S. crypto miners who depend heavily on imported equipment.  While a standard 10% tariff still applies, Trump’s proposed trade policy—which would increase import taxes on machines from countries like Malaysia, Indonesia, and Thailand—has been delayed by a 90-day pause. The policy, originally scheduled to take effect on April 9, outlines - [How the Shiba Inu Karma Engine Builds Trust Across Web3 Ecosystems](https://news.shib.io/2025/04/18/how-the-shiba-inu-karma-engine-builds-trust-across-web3-ecosystems/): In Web3, anyone can jump in — and this is part of the magic. But with open access comes a big question: who can you actually trust? That’s where the Shiba Inu Karma Engine comes in. It’s a reputation system designed to reward good behavior, highlight helpful community members, and make trust something you can actually see — not just guess. The Shiba Inu Network State is all about creating a digital society where actions matter. Instead of relying on status or loud opinions, it values participation, contribution, and consistency. The Karma Engine helps power this vision by giving every - [Ripple's Hidden Road Gains FINRA Approval, Eyes Market Expansion](https://news.shib.io/2025/04/18/ripples-hidden-road-gains-finra-approval-eyes-market-expansion/): Ripple-backed brokerage firm Hidden Road has joined the Financial Industry Regulatory Authority (FINRA), marking a step forward in expanding its broker-dealer services. Following its $1.25 billion acquisition by Ripple, Hidden Road is poised to enhance its fixed-income prime brokerage offerings and broaden its presence in traditional financial markets.  “As a FINRA member, we will be able to bring our best-in-class, technology-driven fixed income service offering to an expanded universe of institutional clients. Our business has tremendous momentum, and we look forward to continuing to provide superior execution and support to our clients amidst today’s exceptionally dynamic market environment,” Noel Kimmel, - [Crypto Exchange eXch to Shut Down After Links to Hack Uncovered](https://news.shib.io/2025/04/18/crypto-exchange-exch-to-shut-down-after-links-to-hack-uncovered/): Cryptocurrency exchange eXch has revealed plans to cease activities on May 1 amidst growing allegations that it facilitated the laundering of funds linked to the recent $1.4 billion hack of Bybit.  In an official statement released on April 17, the crypto exchange announced that its management team had voted overwhelmingly to “cease and retreat” in light of allegations connecting the platform to the laundering of approximately $35 million from the recent Bybit hack.  Reports suggest that North Korea’s Lazarus Group, allegedly involved in the exploit, used eXch for the transaction. The exchange also revealed it is under investigation as part - [Shiba Inu Price Inches Toward Breakout, Bulls Test Key Wall](https://news.shib.io/2025/04/17/shiba-inu-price-inches-toward-breakout-bulls-test-key-wall/): Shiba Inu price inches closer to a potential breakout, with bulls pounding against a key resistance wall that’s held firm for weeks. The dog-themed altcoin tightens its coil — and the next move could be explosive. Shiba Inu Price Battles Resistance Near $0.000012 The critical battleground for SHIB bulls is forming around the 0.00001195−0.00001200 zone. This price ceiling has acted as a significant barrier, repeatedly halting upward advances in recent trading sessions.  Technical analysts often view such persistent resistance levels as crucial tests of market strength; a decisive breach can signal a shift in control from sellers to buyers, potentially - [Crypto Bull Run Peak Could Slip Amid US-China Trade War Escalation ](https://news.shib.io/2025/04/17/crypto-bull-run-peak-could-slip-amid-us-china-trade-war-escalation/): As the U.S. and China lock horns in a deepening trade war, the crypto bull run teeters on uncertain ground. An investment expert warns that intensifying geopolitical tensions could keep markets volatile and push the peak of this cycle far beyond what investors expect. Crypto Bull Run Threatened by Global Tensions The crypto bull run, already navigating a complex macroeconomic climate, now faces fresh headwinds from an escalating trade standoff between the world’s two largest economies. Min Xue, investment partner at Foresight Ventures, believes this isn’t a temporary scuffle—it’s a long-haul fight. “This fight will drag on,” said Xue in - [Russia Eyes National Stablecoin to Boost Crypto Use](https://news.shib.io/2025/04/17/russia-eyes-national-stablecoin-to-boost-crypto-use/): Russia has reportedly planned to launch its own stablecoins, potentially pegged to multiple currencies, following recent developments surrounding the U.S. dollar-backed Tether stablecoin. Reports suggest that Tether, the issuer of USDT, blocked digital wallets linked to a Russian crypto exchange that had been sanctioned by the European Union. Osman Kabaloev, deputy head of the financial policy department at Russia’s Finance Ministry, suggested that Russia explore “internal tools” following the recent wallet blockages. In a statement on Wednesday, Kabaloev highlighted the need to create alternatives similar to USDT, potentially pegged to other currencies, in response to the situation. As the regulatory - [Shib Events and Ticketing Engine: Revolutionizing Event Ticketing](https://news.shib.io/2025/04/17/shib-events-and-ticketing-engine-revolutionizing-event-ticketing/): Digital events are booming — from virtual concerts to metaverse meetups. But with all the buzz comes one big question: how do you know your ticket’s legit? That’s where a powerful ticketing engine backed by NFTs steps in to save the day — no fakes, no rip-offs, just secure access to the events you love. Picture an NFT (Non-Fungible Token) as a one-of-a-kind digital badge that proves you own something special. It could be a ticket to an exclusive event, a rare digital art piece, or anything that’s unique. NFTs make it easy to prove ownership. And that’s where the - [Tariffs in Focus as US Rallies Allies to Block China Workarounds](https://news.shib.io/2025/04/17/tariffs-in-focus-as-us-rallies-allies-to-block-china-workarounds/): The Trump administration has reportedly developed a strategy to use ongoing tariff negotiations as a diplomatic tool, aiming to persuade U.S. trading partners to scale back their economic ties with China and limit the flow of Chinese goods through their countries by imposing tariffs. According to The Wall Street Journal, U.S. officials are in talks with over 70 nations to push for measures that would block China from using third-party countries to bypass American tariffs, including efforts to limit Chinese companies from operating locally in ways that could undermine trade restrictions. On Tuesday, the White House announced that imports from - [Jerome Powell Hints Easing Crypto Restrictions for Banks](https://news.shib.io/2025/04/17/jerome-powell-hints-easing-crypto-restrictions-for-banks/): Federal Reserve Chairman Jerome Powell has signaled that U.S. banks may soon see a relaxation of existing crypto restrictions, as regulators look to balance financial innovation with consumer protection. Speaking at The Economic Club of Chicago on Wednesday, Powell acknowledged the troubled history of digital assets, citing years marked by fraud and market failures. However, he noted that the overall environment surrounding cryptocurrencies is becoming more mainstream, suggesting a shift in how regulators may approach the sector moving forward. “We took a pretty conservative, other bank regulators took an even more conservative perspective on the guidance and rules we imposed - [Monopoly Blockchain Real Estate Game in the Works - Trump](https://news.shib.io/2025/04/17/monopoly-blockchain-real-estate-game-in-the-works-trump/): U.S. President Donald Trump has unveiled plans for a new project that merges cryptocurrency with gaming, drawing inspiration from Monopoly as part of his growing portfolio of Trump-branded digital ventures. According to Fortune, Trump’s upcoming game is expected to follow a style similar to MONOPOLY GO!, a mobile reimagining of the traditional Monopoly experience. Slated for a late April debut, the release would mark the latest in a series of crypto-focused initiatives tied to Trump, which also include NFTs, a meme token, a DeFi platform, and a Bitcoin mining operation linked to his sons. In MONOPOLY GO!, players earn currency, - [Environmental Impact of Bitcoin Mining: A Deep Dive](https://news.shib.io/2025/04/16/environmental-impact-of-bitcoin-mining-a-deep-dive/): Bitcoin mining has been making waves in the news, and not always for the best reasons. Essentially, Bitcoin mining is the process of creating new bitcoins and maintaining the entire Bitcoin network by solving complex mathematical puzzles. This process requires a lot of electricity, and that’s where the environmental concerns come in. Critics often point out that mining uses massive amounts of energy, leading to worries about carbon emissions and environmental damage. It’s like having a gas-guzzling car running 24/7—definitely not great for the planet. But here’s the twist: while energy consumption is a real concern, the Bitcoin mining industry - [Argentina Unveils Tokenization Sandbox to Boost Digital Securities](https://news.shib.io/2025/04/16/argentina-unveils-tokenization-sandbox-to-boost-digital-securities/): Argentina has launched a yearlong regulatory sandbox to pilot asset tokenization—including stocks—positioning the country as a regional leader in crypto innovation, according to the national securities regulator (CNV). Argentina’s securities watchdog, the CNV, outlined that its new tokenization framework will cover a broad range of financial instruments. These include full or partial digital representations of publicly offered assets such as shares—whether singly or dually listed—negotiable bonds, closed-end mutual fund shares, debt securities, and participation certificates from financial trusts. To support the rollout, Argentina’s securities regulator will implement a one-year sandbox structure, allowing real-world testing of tokenized asset offerings. During this - [White House Eyes Bitcoin Reserve Boost Using Trump Tariff Funds](https://news.shib.io/2025/04/16/white-house-eyes-bitcoin-reserve-boost-using-trump-tariff-funds/): The U.S. administration has begun exploring creative strategies to grow its Bitcoin reserve, potentially tapping into Trump-era tariff revenues to fund new acquisitions, according to Bo Hines, Executive Director of the Presidential Council of Advisers for Digital Assets. In an April 14 interview with crypto investor Anthony Pompliano, Hines confirmed that the administration is actively considering the strategy to grow its Bitcoin holdings.“We’re looking at many creative ways, whether it be from tariffs, whether it be from something else,” Hines said. “Everything’s on the table.” Hines indicated that one of the leading proposals under review is Senator Cynthia Lummis’ 2025 - [XRP and SWIFT Partnership Rumors Stir Buzz](https://news.shib.io/2025/04/16/xrp-and-swift-partnership-rumors-stir-buzz/): Global interbank network SWIFT may soon incorporate Ripple’s XRP Ledger into its systems, marking a potential milestone for the integration of blockchain with traditional finance. Crypto commentator John Squire recently noted that growing speculation has emerged in the digital asset space regarding a potential announcement from SWIFT. According to Squire, several prominent voices have hinted that the global interbank network may be preparing to formally confirm the integration of Ripple’s XRP into its international payment infrastructure. “More recently, SWIFT published a report discussing the integration of Distributed Ledger Technology (DLT). Ripple was on that list. XRP was part of that - [Anchorage Digital Faces Federal Probe Over Money Handling Practices](https://news.shib.io/2025/04/16/anchorage-digital-faces-federal-probe-over-money-handling-practices/): Anchorage Digital Bank has reportedly come under investigation by the U.S. Department of Homeland Security’s El Dorado Task Force, a unit known for pursuing international money laundering and financial crimes. While details of the probe remain murky, the inquiry marks a rare federal spotlight on a federally chartered crypto institution. Members of the Department of Homeland Security’s El Dorado Task Force have reportedly reached out to former Anchorage Digital Bank employees in recent weeks to scrutinize the firm’s internal practices and policies, according to an April 14 report by Barron’s. The outreach suggests that the investigation may be focused on - [Bitcoin Price Outlook Hit by Bond Jitters, Retail Pullback](https://news.shib.io/2025/04/15/bitcoin-price-outlook-hit-by-bond-jitters-retail-pullback/): The Bitcoin price outlook faces growing headwinds today. Shaky global markets, spooked by tariff wars and a fragile U.S. bond market, cast a shadow over the cryptocurrency. While long-term prospects remain bright, fresh data reveals short-term weakness and increasing caution among retail traders, warns a new note from Hyblock Capital. The analysis, penned by CEO Shubh Varma, pointed to a tumultuous week where tariff headlines dominated market sentiment, causing sharp swings in equities. Scott Bessent’s comment distinguishing between a “‘Mag7 problem, not a MAGA problem'” highlighted perceived tech overvaluation amid the chaos, the note, seen by The Shib Daily, highlighted.  - [Why Crypto Marketing Is Missing the Mark: A Personal Take](https://news.shib.io/2025/04/15/why-crypto-marketing-is-missing-the-mark-a-personal-take/): A few years back, I tossed out a wild idea over drinks with some friends: what if companies had a “Chief Bitcoin Officer”? They laughed it off—thought I was joking, maybe pulling a prank after one too many beers. But here we are, Q2 2025 rolls around, and I’ve met three people sporting that exact title. One of them works for a family office I know well, a group that used to sink its cash into safe, tangible stuff like real estate. Then they dipped their toes into Bitcoin and crypto, and this CBO stepped up. From what I’ve heard, - [ZKsync Breach: Hacker Mints 111M Unclaimed Tokens](https://news.shib.io/2025/04/15/zksync-breach-hacker-mints-111m-unclaimed-tokens/): An attacker minted 111 million ZK tokens today. This followed a significant ZKsync breach involving a compromised administrative account tied to the project’s airdrop. The unauthorized tokens came from an unclaimed pool. ZKsync confirmed the details, as the news pushed the ZK token price down about 13 percent. The incident, first flagged by security firms, involved an admin key controlling three specific airdrop distribution contracts. ZKsync identified the compromised account address as 0x842822c797049269A3c29464221995C56da5587D in a statement posted on the social media platform X, providing clarity on the ZKsync breach. Details of ZKsync Breach: ‘Sweep’ Function Exploited Investigators found the attacker - [Shiba Inu Doggy DAO: How Shibizens Shape Decentralized Governance](https://news.shib.io/2025/04/15/shiba-inu-doggy-dao-how-shibizens-shape-decentralized-governance/): If you’ve heard of Shiba Inu, you probably know it as the internet’s favorite meme coin turned serious contender in the crypto space. But behind the cute dog mascot is a fast-growing community doing something pretty powerful: building a whole decentralized world — together. Enter the Doggy DAO. So, what’s a DAO? In plain English, it’s like an online club with a shared wallet and voting system. Members (in this case, Shibizens) suggest ideas, vote on what to do with community funds, and make important decisions — all without a boss in charge. The Shiba Inu Doggy DAO is how - [Crypto Apps Pulled from Apple Store in South Korea Crackdown](https://news.shib.io/2025/04/15/crypto-apps-pulled-from-apple-store-in-south-korea-crackdown/): South Korea’s Financial Intelligence Unit (FIU) has ramped up its crypto crackdown by blocking access to 14 unregistered foreign crypto apps on Apple’s App Store, targeting platforms serving local users without proper approval.  As part of a wider enforcement effort, the FIU blocked access to 14 unregistered crypto apps on the Apple App Store — including major global exchanges like KuCoin and MEXC — citing regulatory non-compliance. South Korea’s Financial Services Commission (FSC) has labeled the exchanges as unregistered virtual asset service providers (VASPs), deeming their operations illegal in the country. The FSC’s anti-money laundering body, the FIU, announced that - [White House to Begin Federal Reserve Chair Talks This Fall](https://news.shib.io/2025/04/15/white-house-to-begin-federal-reserve-chair-talks-this-fall/): U.S. Treasury Secretary Scott Bessent has said the White House plans to start evaluating potential successors to Federal Reserve Chair Jerome Powell this fall, well ahead of Powell’s term ending in May 2026. During an interview with Bloomberg TV, while visiting Argentina, Bessent explained that the Trump administration would have a six-month window to evaluate candidates before Powell’s term concludes. He provided no additional details regarding the process. Bessent expressed that he had no concerns about President Donald Trump removing Powell or interfering with the Federal Reserve’s independence. However, he did highlight the potential for further dialogue on the Fed’s - [Trump Weighs Temporary Tariff Exemptions to Aid Carmakers](https://news.shib.io/2025/04/15/trump-weighs-temporary-tariff-exemptions-to-aid-carmakers/): President Donald Trump has announced he is considering targeted tariff exemptions for carmakers, offering them more time to set up US-based production in light of previous tariff actions. During an interview in the Oval Office with El Salvador’s President Nayib Bukele, President Trump mentioned that automakers “need a little bit of time” to move production from Canada, Mexico, and other countries to the U.S. The intricate nature of car manufacturers’ supply chains presents significant challenges in fully relocating vehicle production to the U.S., given the interconnectedness of global networks. “I’m looking at something to help some of the car companies, - [SEC Delays Decision on Grayscale Ether ETFs Staking Plans](https://news.shib.io/2025/04/15/sec-delays-decision-on-grayscale-ether-etfs-staking-plans/): After greenlighting options trading for Ether ETFs, the U.S. Securities and Exchange Commission (SEC) has pressed pause on a separate decision — delaying its call on whether to allow Ethereum staking in two Grayscale investment funds. In an April 14 announcement, the SEC shared that it postponed its decision on the Grayscale Ethereum Trust ETF and the Grayscale Ethereum Mini Trust ETF until June 1. The final deadline for a ruling remains at the end of October. “The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it - [Shib's Rewarding Evolution](https://news.shib.io/2025/04/14/shibs-rewarding-evolution/): Read the latest edition of The Shib Magazine here. - [Shiba Inu Price Teases Climb Amid Bullish Chart Signals](https://news.shib.io/2025/04/14/shiba-inu-price-teases-climb-amid-bullish-chart-signals/): The Shiba Inu price flickers with possibility as traders scan charts for signs of a breakout. In the murky calm following recent market turbulence, bullish patterns are surfacing—some subtle, others shouted from the charts. Online analysts mark up their screens with arrows and predictions, hoping the next move is up. But the signals, like the market itself, remain a mix of promise and uncertainty. Trader Flags ‘Pump Wave’ for Shiba Inu Price One forecast gaining attention came from a crypto trader known as @army_shiba, who posted over the weekend on the platform X. The message was brief but clear:“$SHIB – - [Blockchain and Energy: A New Way to Power the World](https://news.shib.io/2025/04/14/blockchain-and-energy-a-new-way-to-power-the-world/): What if the tech behind your favorite crypto coin could also help power your apartment? Sounds wild, right? But that’s exactly what’s starting to happen as blockchain and energy come together in some pretty unexpected ways. You’ve probably heard of blockchain thanks to Bitcoin or NFTs, but here’s the deal: blockchain is just a super-secure, digital way to record transactions—like a fancy online ledger that no one can tamper with. And while it’s a big deal in finance, it’s now making waves in an entirely different space: how we make, share, and use energy. In this article, we’re diving into - [US Social Security Shifts Public Updates to X Only](https://news.shib.io/2025/04/14/us-social-security-shifts-public-updates-to-x-only/): The U.S. Social Security Administration announced a shift in its communication strategy, revealing it will now exclusively use X (formerly Twitter) to engage with the public and media, following significant staff reductions. In a recent meeting with managers, SSA regional commissioner Linda Kerr-Davis confirmed that the agency will no longer issue press releases or “dear colleague” letters to update the media and the public about changes to programs and services, as reported by Wired. “Instead, the agency will be using X to communicate to the press and the public … so this will become our communication mechanism,” Kerr-Davis stated.  The - [Howard Lutnick Reverses US Tariff Exemption](https://news.shib.io/2025/04/14/howard-lutnick-reverses-us-tariff-exemption/): Commerce Secretary Howard Lutnick has reversed course on a newly announced reciprocal tariff exemption for select electronics, just days after U.S. Customs and Border Protection issued a bulletin detailing the measure. The abrupt policy shift has deepened market uncertainty, raising fresh concerns about the stability of U.S. trade strategy. According to ABC News, Lutnick explained that the reciprocal tariff exemption would be temporary, lasting until the administration establishes a sector-specific tariff framework for semiconductor products. The new policy, covering items like smartphones, graphics processors, and computing chips, is expected within the next “month or two.” In an interview with “This - [Google A2A Lets AI Agents Work Together Seamlessly](https://news.shib.io/2025/04/14/google-a2a-lets-ai-agents-work-together-seamlessly/): Tech giant Google has launched an open agent-to-agent protocol that enables AI agents to communicate securely, marking a key step in improving AI interoperability. In a post on its developer blog, Google revealed that the new A2A protocol was shaped by the company’s own experience in scaling agentic systems, aiming to tackle the challenges it encountered while deploying large, multi-agent frameworks for clients. “Today, we’re launching a new, open protocol called Agent2Agent (A2A), with support and contributions from more than 50 technology partners like Atlassian, Box, Cohere, Intuit, Langchain, MongoDB, PayPal, Salesforce, SAP, ServiceNow, UKG and Workday; and leading service - [CRISPR Brings Gene-Edited Human Embryos Closer to Reality](https://news.shib.io/2025/04/14/crispr-brings-gene-edited-human-embryos-closer-to-reality/): Recent breakthroughs in in-vitro gametogenesis (IVG) have brought the possibility of gene-edited human embryos closer to reality, with CRISPR-Cas9 poised to make heritable gene editing viable within years. Gene-editing technology is well established and has remained a prominent focus of scientific and public interest in recent years. Gene editing is a scientific technique that allows researchers to make precise changes to DNA, such as correcting mutations, removing faulty genes, or adding new genetic material. Tools like CRISPR-Cas9 act like molecular scissors, enabling targeted edits that can influence how genes function. Researchers have made major advancements in the field of IVG, - [Shibarium Devs Get Direct Line to Core Team via New Channel](https://news.shib.io/2025/04/11/shibarium-devs-get-direct-line-to-core-team-via-new-channel/): Shibarium devs now have a dedicated pipeline for technical support, as the core team launches a specialized Telegram channel providing direct access for real-time assistance. This crucial new hub is live, aiming to slash technical roadblocks and accelerate dApp creation by offering Shibarium devs a direct line to the engineering team. Direct Support Channel Launched for Shibarium Devs This latest initiative focuses squarely on improving the experience for Shibarium devs. The creation of the dedicated Telegram group was announced by “John Doe,” identified as a pseudonymous Shibarium engineering manager.  His message, aimed directly at the builder community, laid out the - [Shiba Inu Price Nears Key Level in a Bid for 67% Breakout](https://news.shib.io/2025/04/11/shiba-inu-price-nears-key-level-in-a-bid-for-67-breakout/): Shiba Inu (SHIB) teeters on the brink, pressing hard against a critical resistance wall that a crypto analyst believes holds the key to a massive breakout for the Shiba Inu price. This potential move targets a 67% explosion upwards to $0.00002. The battle lines are drawn at this key resistance, and a confirmed breakout could ignite the next significant rally for the popular dog-themed altcoin. Shiba Inu Price Poised at Key Juncture A technical analysis recently published by crypto commentator CryptoWizard101 has focused attention on a specific juncture for the Shiba Inu price. In their assessment, which utilized the accompanying - [Former Nate CEO Charged in $40M AI Fraud Over Fake Tech Claims](https://news.shib.io/2025/04/11/former-nate-ceo-charged-in-40m-ai-fraud-over-fake-tech-claims/): Albert Saniger, the former CEO of fintech startup Nate, Inc., has been indicted by the U.S. Attorney’s Office for the Southern District of New York for allegedly misleading investors about the company’s artificial intelligence (AI) capabilities. According to a press release from the U.S. Attorney’s Office for the Southern District of New York, Saniger is accused of orchestrating a scheme to defraud current and potential investors by providing false and misleading information about Nate’s proprietary AI technology and the company’s operational functionality. The former CEO is accused of securing over $40 million in funding from various investors. “Saniger allegedly abused - [UK Regulators Warn Stablecoins Could Undermine Pound and Markets](https://news.shib.io/2025/04/11/uk-regulators-warn-stablecoins-could-undermine-pound-and-markets/): United Kingdom regulators have stepped up scrutiny of stablecoins and the broader crypto industry, warning they could pose risks to the country’s financial system and monetary stability. At its meetings on April 4 and April 8, the Bank of England’s Financial Policy Committee (FPC) emphasized a sharp increase in stablecoin and unbacked crypto activity over the past year. In response, the FPC issued a warning about the potential risks these developments could pose to financial stability, underscoring concerns tied to the growing adoption of digital assets without clear backing. The UK’s Financial Conduct Authority (FCA) and its central bank have - [SEC Drops Helium Lawsuit, Crypto Token Violations Cleared](https://news.shib.io/2025/04/11/sec-drops-helium-lawsuit-crypto-token-violations-cleared/): The U.S. Securities and Exchange Commission (SEC) has dropped its lawsuit against Nova Labs, the company behind the Helium Network, which had been accused of issuing unregistered securities. In a blog post on April 10, Helium celebrated the dismissal of the lawsuit, describing it as a “major win for Helium and the people.” “Today marks a major win for Helium and The People’s Network. Nova Labs, the founding team behind Helium, confirms the SEC has agreed to dismiss with prejudice its claims that Nova Labs sold unregistered securities,” Helium wrote.  The lawsuit filed against Helium marked the regulator’s final action - [OpenAI Sues Elon Musk, Accusing Sabotage and Power Grab](https://news.shib.io/2025/04/11/openai-sues-elon-musk-accusing-sabotage-and-power-grab/): Artificial intelligence research group OpenAI has countersued X owner Elon Musk, escalating a long-standing legal dispute that was prompted when Musk pursued litigation against the organization last week. According to the lawsuit filed on April 9 in the Northern District of California, Musk claimed that OpenAI attempted to become a public benefit corporation under its current for-profit structure. The filing also alleged that Musk withdrew from the company after the organization refused to merge with his electric vehicle and clean energy company, Tesla. Per the lawsuit, Musk did not honor his $1 billion pledge to OpenAI. Instead, just a year - [TRUMP Meme Coin at Center of Bribery Allegations by Senator Murphy [Video]](https://news.shib.io/2025/04/11/senator-murphy-alleges-bribery-scheme-tied-to-trump-meme-coin/): Senator Chris Murphy has accused President Donald Trump of orchestrating a bribery scheme involving his TRUMP meme coin, raising concerns about its potential misuse in political influence. In a recent post on X, Senator Murphy accused President Trump of “running a backdoor bribery scheme,” alleging that his personal cryptocurrency allows CEOs and foreign oligarchs to secretly send him money in exchange for favors. “It’s the biggest scandal in the history of the Presidency,” Senator Murphy claimed in his post.  Senator Murphy’s accusation was met with doubt from some users, with one asking if he had evidence to support his claim. - [SHIB Lead Dev Gives Rare Update on SHI Stablecoin Status](https://news.shib.io/2025/04/10/shib-lead-dev-gives-rare-update-on-shi-stablecoin-status/): Shiba Inu lead developer Kaal Dhairya gives a rare update on the SHI stablecoin, citing regulatory uncertainty as the reason for its delay — and reviving community interest in the final token of Ryoshi’s original vision. Kaal — as the Shib Army fondly calls him — said Wednesday that the project is “waiting on clear stable coin regulations” before moving forward with SHI. He made the comment during a brief exchange on social media. A user had asked, “Bro, if possible one question: any update about the stable coin Shi? Many thanks!” Kaal’s response offered a rare, concise update on - [Shiba Inu Lead Dev Hints at 'Next Phase' with Advanced Tech](https://news.shib.io/2025/04/10/shiba-inu-lead-dev-hints-at-next-phase-with-advanced-tech/): As market fear swirls, Kaal Dhairya, the Shiba Inu lead dev, directs the community’s gaze forward, hinting online Wednesday at a significant “next phase” for the ecosystem, urging the community to build through the current market slump. Known affectionately as “Kaal” by the Shib Army, pointed towards specific technological advancements in his post on the social media platform X. He identified “Rollups, FHE, and beyond” as key elements of this upcoming stage for the Shiba Inu project.  FHE stands for Fully Homomorphic Encryption, a complex form of cryptography focused on data privacy.  His X post came during a period of - [Senate Confirms Paul Atkins as SEC Chair, Focus on Crypto Regulation](https://news.shib.io/2025/04/10/senate-confirms-paul-atkins-as-sec-chair-focus-on-crypto-regulation/): Paul Atkins, nominated by President Donald Trump, has been confirmed as the new chair of the U.S. Securities and Exchange Commission (SEC) after a 52-44 Senate vote. Atkins was confirmed as the new SEC chair on April 9. “We welcome Paul Atkins as the next Chairman of the SEC. A veteran of our Commission, we look forward to him joining with us, along with our dedicated staff, to fulfill our mission on behalf of the investing public,” the agency’s commissioners shared in a statement.  After winning the 2024 presidential election, President Trump fulfilled his campaign promise to the crypto community - [Trump Pauses Reciprocal Tariffs, Hikes China’s to 125%](https://news.shib.io/2025/04/10/trump-pauses-reciprocal-tariffs-hikes-chinas-to-125/): President Donald Trump has announced a 90-day delay on new “reciprocal tariffs” and offered a reduced 10% rate for nations that refrain from retaliating—news that sent U.S. stock markets climbing. President Trump shared the tariff update through a post on his social media platform, Truth Social. “At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable,” President Trump wrote. President Trump stated that more than 75 countries have contacted U.S. officials—including representatives from the Departments of Commerce, Treasury, and the U.S. Trade - [China, Russia Settle Energy Trades in Bitcoin - VanEck Report](https://news.shib.io/2025/04/10/china-russia-settle-energy-trades-in-bitcoin-vaneck-report/): Matthew Sigel, Head of Digital Assets Research at VanEck, has revealed that China and Russia are now using Bitcoin to settle energy transactions, a move sparked by President Trump’s new tariffs on China and the European Union (EU). A report from the global investment management firm indicates that the Trump administration’s April 2 tariff package, aimed at imports from China and the EU, has rekindled global trade tensions and heightened the risk of monetary and geopolitical fragmentation. Following the announcement, Bitcoin saw a drop from $85k to around $81k and continued to decline over the weekend. However, it has still - [Kawasaki Unveils Hydrogen-Powered Robotic Horse at Osaka Expo](https://news.shib.io/2025/04/10/kawasaki-unveils-hydrogen-powered-robotic-horse-at-osaka-expo/): Kawasaki Heavy Industries has introduced a concept for a hydrogen-powered, four-legged robotic horse, designed to traverse diverse terrains and potentially transport people in the future. At a preview event leading up to the Osaka-Kansai Expo 2025, the Japanese manufacturer revealed its latest innovation, a robot named “Corleo.” However, a working prototype has yet to be released to the public. Corleo stands apart from other animal-inspired robots, as it is specifically designed to carry riders. Equipped with artificial intelligence (AI) and uniquely crafted legs, it can traverse challenging terrains with ease. “CORLEO is a completely new means of transportation that combines - [Blockchain in Identity Management: Secure, Decentralized Systems](https://news.shib.io/2025/04/10/blockchain-in-identity-management-secure-decentralized-systems/): In today’s world, managing your identity is more important than ever. It’s not just about who you are in the real world, but how you’re recognized online. That’s where identity management comes in. Think of it as the ultimate VIP bouncer at the club of the internet, making sure that only the right people (and websites) know who you are and that your personal info stays safe. Now, here’s the twist: Enter blockchain—the tech that’s about to make your digital identity even more secure and easier to manage. Imagine if your personal information didn’t live in a big, vulnerable database - [The Shib News Recap: Friday](https://news.shib.io/2024/12/27/the-shib-news-recap-friday-3/): Today’s top headlines are focused on discussions about the convergence of geopolitical factors and cryptocurrency in Russia, the potential delisting of a major industry player, and recent regulatory changes in the crypto scene in Turkey. Is Russia Using Bitcoin as a Trade Weapon? Russian companies are increasingly using cryptocurrency for international trade, as confirmed by Finance Minister Anton Siluanov. This shift comes in response to Western sanctions that have hurt Russia’s economy and made banks wary of processing transactions related to Russia. Siluanov predicts that Bitcoin usage in international trade will grow over the next year. Additionally, a new legal - [Shib Year in Review](https://news.shib.io/2024/12/27/shib-year-in-review/): Read the latest edition of The Shib Magazine here. - [KULR Technology $21 Million Bitcoin Purchase Fuels Record High](https://news.shib.io/2024/12/27/kulr-technology-21-million-bitcoin-purchase-fuels-record-high/): KULR Technology Group, Inc., an energy management platform, has acquired 217.18 Bitcoin (BTC) valued at $21 million, driving its stock to a record high. The company made its initial move in its Bitcoin Treasury strategy with its recent purchase at an average price of $96,556.53 per Bitcoin, causing its shares to soar by over 40% following the announcement of the investment.  This investment marks the company’s commitment to allocating up to 90% of its surplus cash into Bitcoin, positioning it as a long-term holding in its financial strategy. In a filing with the U.S. Securities and Exchange Commission (SEC) on - [Mystery Whale Fuels Aave with $417 Million Ethereum](https://news.shib.io/2024/12/27/mystery-whale-fuels-aave-with-417-million-ethereum/): A mystery whale, using an account linked to the crypto exchange HTX, has deposited 125,000 Ethereum (ETH) into the decentralized finance (DeFi) protocol Aave on Christmas Day. It was valued at $417 million. Lucas Outumuro, the head of research at Intotheblock.com, revealed the massive Ethereum deposit into the DeFi protocol in a recent post on X. Aave allows users to lend and borrow digital currencies. It offers various features, including overcollateralized loans and flash loans, and operates across 13 different blockchain networks. Aave has experienced significant activity in the final quarter of the year, driven by key updates and external - [Solana Investors Lose $500K in X Phishing Attack](https://news.shib.io/2024/12/27/solana-investors-lose-500k-in-devastating-x-phishing-attack/): A threat actor has stolen an estimated $500,000 by targeting Solana meme coin investors and popular X pages. The hack attacked 15 accounts, including those of Brett, Kick Streaming, and Alex Bania, through phishing emails disguised as official communications from the X team. According to a post by blockchain investigator ZachXBT, the attacker tricked users by sending fake copyright infringement notices that created a sense of urgency, prompting victims to visit phishing sites. Once on these fraudulent pages, users were deceived into resetting their passwords and two-factor authentication (2FA) details, allowing the hacker to steal their credentials. Solana Users Targeted - [Vivek Ramaswamy's Strive Makes a Bold Play with Bitcoin Bond ETF Proposal](https://news.shib.io/2024/12/27/vivek-ramaswamys-strive-makes-a-bold-play-with-bitcoin-bond-etf-proposal/): Strive, an asset management company, has sought approval from the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) focused on investing in convertible bonds issued by MicroStrategy and other major corporate Bitcoin holders. Strive, founded in 2022 by Republican politician Vivek Ramaswamy, has quickly positioned itself as a prominent player in the financial sector over the past years.  A December 26 filing revealed that its proposed Bitcoin Bond ETF will operate as an actively managed fund. The ETF aims to gain exposure to “Bitcoin Bonds” through direct investments or via financial instruments like swaps and options, - [Turkey Unveils Strict Crypto Rules for 2025](https://news.shib.io/2024/12/27/turkey-unveils-strict-crypto-rules-for-2025/): Turkey has announced new cryptocurrency regulations aimed at enhancing anti-money laundering (AML) efforts to align with global standards.  This new legislation, set to be enforced by February 2025, is modeled after regulatory efforts in key global markets, especially the European Union’s Markets in Crypto-Assets (MiCA) framework. The new rules mandate that Turkish cryptocurrency service providers gather identifying information from users who conduct transactions exceeding 15,000 Turkish lira (about $425). If providers are unable to gather enough information from the user, they have the option to classify the transaction as “risky” and suspend it if needed. The new laws arrive amid - [Russia Weaponizing Bitcoin? New Law Allows Crypto to Bypass Western Sanctions](https://news.shib.io/2024/12/27/russia-weaponizing-bitcoin-new-law-allows-crypto-to-bypass-western-sanctions/): Russia is seemingly weaponizing Bitcoin. Russian companies, in a move aimed at dodging the tightening grip of Western sanctions, are now using cryptocurrency for international trade. Finance Minister Anton Siluanov confirmed the strategy in a recent television interview, signaling a major escalation in the global financial power struggle. Sanctions Bite, Russia Turns to Crypto Western sanctions have dealt a blow to Russia’s economy. Even transactions with friendly nations like China and Turkey have become a headache.  Banks, wary of running afoul of Western regulators, are increasingly hesitant to process Russia-related transactions, even those not involving US dollars. Siluanov stated that - [Tether EU Time Bomb: Crypto Markets Brace for a Delisting Disaster](https://news.shib.io/2024/12/27/tether-eu-time-bomb-crypto-markets-brace-for-a-delisting-disaster/): Tether (USDT), the world’s largest stablecoin, faces a potential ban in Europe. New Markets in Crypto-Assets (MiCA) regulations are forcing a showdown. The digital asset, a cornerstone of crypto trading, could vanish from European exchanges by December 30, 2024. Markets are on edge, and investors are scrambling for answers. MiCA Regulations Tighten Grip, Tether’s Time Running Out The European Union’s MiCA framework was designed to protect investors and bring order to the Wild West of crypto. But Tether hasn’t played ball, missing key compliance deadlines. Now the clock is ticking.  Financial Analyst and Value Investor Jacob Kinge sounded the alarm: - [The Shib News Recap: Thursday](https://news.shib.io/2024/12/26/the-shib-news-recap-thursday-4/): This Thursday, The Shib Daily brings to light critical crypto news, focusing on escalating legal issues and a concerning rise in scams that could impact the market’s integrity. On a more positive note, analysts recently issued strong buy signals for Shiba Inu, which suggests a favorable trend. Final Decision on Do Kwon’s Extradition Lies with Montenegro’s Justice Minister The future of Do Kwon’s extradition rests with Montenegro’s Justice Minister after a court denied his appeal. This decision was influenced by an earlier ruling from the Supreme Court. Kwon’s legal team tried to contest this ruling, but the Constitutional Court rejected - [Pudgy Penguins Targeted in Google Ads Phishing Scam on Web3 Users](https://news.shib.io/2024/12/26/pudgy-penguins-targeted-in-google-ads-phishing-scam-on-web3-users/): A sophisticated phishing scam targeting Web3 users has emerged, exploiting Google Ads to deceive cryptocurrency enthusiasts. The attack, initially focused on Pudgy Penguins NFT users, reveals vulnerabilities in trusted ad networks and poses a broader threat to the crypto realm. The scam was uncovered by ScamSniffer after a user reported being redirected to a fake Pudgy Penguins website through a Singapore news site. Security researchers traced the issue to malicious advertisements hosted on the Adloox tracking domain, distributed via Google Ads. These ads embedded harmful scripts designed to target Web3 wallet users. 🚨 URGENT SECURITY ALERT 🚨 1/6 A user - [FTX Co-CEO Gets Major Sentence Reduction, BOP Records Show](https://news.shib.io/2024/12/26/ftx-co-ceo-gets-major-sentence-reduction-bop-records-show/): Former FTX Digital Markets Co-CEO Ryan Salame, currently serving a 7.5-year sentence for his involvement in the FTX collapse, is now projected to be released over a year earlier than initially scheduled, according to Federal Bureau of Prisons (BOP) records. Sentence Reduction and Good Conduct Time Salame, who began his sentence at the Federal Correctional Institution (FCI) in Cumberland, Maryland, in October 2023, is now slated for release on March 1, 2031. Salame’s sentence reduction came after he pleaded guilty in 2023 to charges related to the multi-billion-dollar fraud scheme orchestrated by FTX founder Sam Bankman-Fried.  Federal records initially indicated - [French Crypto Scams Surge as Regulators Crack Down on Fraud Networks](https://news.shib.io/2024/12/26/french-crypto-scams-surge-as-regulators-crack-down-on-fraud-networks/): France’s financial watchdog, the Autorité des Marchés Financiers (AMF), is ramping up efforts to combat a surge in financial scams that have defrauded victims of at least €500 million annually (approx. $520 million). In collaboration with the Paris Public Prosecutor’s Office, the Autorité de Contrôle Prudentiel et de Résolution (ACPR), and the Directorate General for Competition, Consumer Affairs, and Fraud Prevention (DGCCRF), the AMF is addressing the growing sophistication of French crypto scams, among others. Financial scams have taken numerous forms, including fake loans, savings accounts, insurance services, and investments in green or crypto assets. The ACPR reported average losses - [Bitget Integrates Wallet and Token to Bolster Ecosystem Expansion](https://news.shib.io/2024/12/26/bitget-integrates-wallet-and-token-to-bolster-ecosystem-expansion/): Bitget has announced the integration of its wallet with the Bitget token (BGB) to enhance user experience and expand applications across centralized and decentralized platforms. The move aligns with the exchange’s strategy to deepen the token’s utility and support the platform’s rapid growth. BGB, the ecological token for Bitget and Bitget Wallet, has seen remarkable market performance lately. Its market capitalization has surpassed $9.32 billion, with the price reaching an all-time high of $6.82. Over the past 24 hours, trading volume surged by 271%, totaling $1.32 billion, signalling strong liquidity and investor confidence. The integration aims to strengthen BGB’s on-chain - [Fate of Do Kwon Hangs in Balance as Court Rejects Appeal](https://news.shib.io/2024/12/26/fate-of-disgraced-crypto-founder-kwon-hangs-in-balance-as-court-rejects-appeal/): In a stunning twist to a saga that has gripped the crypto world, the extradition fate of disgraced Terraform Labs founder Do Kwon, now rests solely in the hands of Montenegro’s Justice Minister, following a high-stakes court rejection. The decision, delivered on Tuesday, thrusted the ultimate authority on whether to send Kwon to the United States or South Korea into the hands of the Balkan nation’s Justice Minister. This recent development added another twist to a legal saga marked by reversals, delays, and political intrigue.  Kwon Legal Labyrinth: From South Korea to the U.S., and Back Again The court’s rejection - [Shiba Inu Flashes Strong Buy Signals, Analyst Predicts Potential 230% Surge to $0.000081](https://news.shib.io/2024/12/26/shiba-inu-flashes-strong-buy-signals-analyst-predicts-potential-230-surge-to-0-000081/): Shiba Inu is capturing significant attention in the cryptocurrency market, with technical indicators and on-chain data suggesting a potential price explosion that could see the meme coin skyrocket by over 230%. This bullish outlook, fueled by a compelling price prediction from a prominent crypto analyst and increased whale activity, has made Shiba Inu price prediction after bullish continuation a dominant topic among investors and traders. Crypto analyst Javon Marks, known as (@JavonTM1 on X), recently ignited excitement within the Shiba Inu community by forecasting a potential surge to $0.000081. Marks, who had a history of analyzing cryptocurrency market trends, based - [SHIB: The Metaverse](https://news.shib.io/2024/12/25/shib-the-metaverse/): Read the latest edition of The Shib Magazine here. - [Justin Sun Clears Rumors About Ethereum Sale, Confirms Continued Support for ETH](https://news.shib.io/2024/12/25/justin-sun-clears-rumors-about-ethereum-sale-confirms-continued-support-for-eth/): Justin Sun, founder of decentralized blockchain platform Tron (TRX), has addressed allegations regarding his sale of Ethereum (ETH), following on-chain data that revealed large deposits to HTX over the past month. Rumors emerged that Sun had sold his Ethereum holdings following significant transfers during a price decline. In response, Sun clarified on X that the transfers were merely wallet-to-wallet movements. Sun transferred 39,999 ETH, valued at approximately $143 million, to HTX shortly after Ethereum’s price fell below $4,000, dropping to $3,127. The speculation that Sun may have sold his ETH holdings raised concerns, as large sales could potentially harm market - [Robinhood Confirms No Bitcoin Investment Plans, Focus on Crypto Instead](https://news.shib.io/2024/12/25/robinhood-confirms-no-bitcoin-investment-plans-focus-on-crypto-instead/): Robinhood CEO Vladimir Tenev has announced that while the firm is increasing its focus on the crypto sector, it has no immediate plans to invest in Bitcoin. In a recent interview with Anthony Pompliano, Tenev explained that although the idea of investing in Bitcoin has come up, the company remains focused on its primary goal: facilitating trading, rather than holding Bitcoin as an investment.  “We wouldn’t rule it out, but we haven’t done it thus far,” Tenev stated. “We’re not in the business of being an investment manager.” Tenev pointed out that Robinhood’s stock price already tracks Bitcoin’s performance closely, - [Cardano Founder Goes Viral For Arguing With AI Bot](https://news.shib.io/2024/12/25/cardano-founder-goes-viral-for-arguing-with-ai-bot/): Charles Hoskinson, founder of the decentralized blockchain platform Cardano, has gotten into an interesting public exchange with an AI bot called “RoastMaster9000” over the platform’s smart contract capabilities.  Hoskinson, known for his outspoken views and distinctive personality, has established himself as a prominent and unconventional figure in the cryptocurrency space. The exchange was sparked by Hoskinson’s comment on X, where he remarked, “Welcome to the new economy,” in response to a post about YouTuber Zara Dar’s decision to leave her PhD program to pursue a career as a full-time OnlyFans content creator. The AI bot responded to Hoskinson’s post with - [Pro-Crypto Senator Bernie Moreno Joins Senate Banking Committee](https://news.shib.io/2024/12/25/pro-crypto-senator-bernie-moreno-joins-senate-banking-committee/): Republican businessman and cryptocurrency advocate Bernie Moreno has secured a spot on the Senate Banking Committee following his victory over incumbent Senator Sherrod Brown in the November elections. In a December 20 press release, Senate Majority Leader-elect John Thune announced that Moreno is set to join several key Senate committees. These are the Senate Banking Committee, the Senate Budget Committee, the Senate Commerce Committee, and the Senate Committee on Homeland Security and Governmental Affairs. As a member of the Senate Banking Committee, Moreno is expected to have a significant influence on shaping US economic policies, particularly those addressing the structure - [MicroStrategy Seeks Shareholder Green Light to Fund $42B Bitcoin Plan](https://news.shib.io/2024/12/25/microstrategy-seeks-shareholder-green-light-to-fund-42b-bitcoin-plan/): Business intelligence and software company MicroStrategy has scheduled a special shareholder meeting to discuss expanding its equity-issuance plan and increasing its Bitcoin holdings. On December 23, MicroStrategy submitted a proxy filing to the U.S. Securities and Exchange Commission (SEC), requesting approval for a shareholder vote on several proposals. The first proposal seeks to increase the authorized Class A common stock from 330 million shares to 10.33 billion shares. The second aims to raise the authorized preferred stock from 5 million shares to more than 1 billion shares. The shareholder meeting will be conducted via a live webcast, accessible exclusively to - [Hyperliquid Labs Denies DPRK Hack Links, But Experts Warn of Potential Vulnerabilities](https://news.shib.io/2024/12/24/hyperliquid-labs-denies-dprk-hack-links-but-experts-warn-of-potential-vulnerabilities/): Tech company Hyperliquid Labs has denied accusations that North Korean hackers compromised its layer-1 protocol, asserting that the claims are unfounded. In a statement shared on the project’s Discord server, Hyperliquid Labs clarified that “no vulnerabilities have been disclosed by any party” and invited white hat hackers to submit bug reports as part of their ongoing bug bounty program. On December 23, a large holder of HYPE tokens sold 1 million units, following rumors that North Korean hackers had been involved in trading on the layer-1 blockchain. MetaMask developer Taylor Manohan suggested that hackers, potentially linked to the infamous Lazarus - [Privacy Tech Patent Battle Heats Up: Kaal Dhairya Supports Rand Hindi as Zama-Sunscreen Legal War Intensifies](https://news.shib.io/2024/12/24/privacy-tech-patent-battle-heats-up-kaal-dhairya-supports-rand-hindi-as-zama-sunscreen-legal-war-intensifies/): Zama CEO Rand Hindi has addressed allegations from Sunscreen, receiving public backing from Shiba Inu leader Kaal Dhairya, who expressed strong support for Hindi and his company. The case between Zama and Sunscreen revolves around a legal dispute regarding the ownership of a key piece of encryption technology called “programmable bootstrapping,” which is part of Fully Homomorphic Encryption (FHE). In a post on X dated December 20, Sunscreen Tech disclosed that it received a legal notice from Zama’s legal team on December 3. The notice accuses Sunscreen of disparagement and patent infringement in France. Sunscreen dismissed the claims as baseless, - [North Korean Hackers Lose $458K on Hyperliquid](https://news.shib.io/2024/12/24/north-korean-hackers-lose-458k-on-hyperliquid/): North Korean hackers have faced setbacks after losing nearly half a million dollars trading on a decentralized exchange in just 48 hours amid crypto market volatility. Blockchain analytics platform LookOnChain recently shared on X that a North Korean group, identified through on-chain data as linked to Lazarus, deposited $476,489 worth of Ethereum (ETH) at a price of $3,791.8. The group was reportedly betting on a price increase but was liquidated when the price fell to $3,251.8, resulting in a loss of $458K. North Korea has long been notorious for its cyber-attacks on cryptocurrency exchanges and decentralized finance (DeFi) platforms, using - [Binance Alpha Tokens Struggle as 40% See Value Drop Post-Launch](https://news.shib.io/2024/12/24/binance-alpha-tokens-struggle-as-40-see-value-drop-post-launch/): Following the launch of the Binance Alpha list to showcase early-stage tokens, more than 40% of the 29 tokens unveiled last week experienced a drop in value, falling short of investor expectations.  Binance Alpha, a new feature integrated into the Binance Wallet, aims to spotlight promising early-stage crypto projects with the potential for future official listings on the Binance exchange. This initiative is designed to give investors access to these emerging tokens and allow them to track and explore opportunities before they potentially hit the main platform. However, its recent performance raised concerns as several tokens from the initial batch - [Crypto Market Turns Bearish as Uncertainty Grows for 2025](https://news.shib.io/2024/12/24/crypto-market-turns-bearish-as-uncertainty-grows-for-2025/): After a strong rally earlier this month, Bitcoin has sharply fallen, triggering a broader market downturn. The altcoin market mirrored this trend, with several major tokens suffering significant losses as investors grapple with this shift. Market intelligence platform Santiment noted in a recent X post that the market sentiment swiftly shifted from bull to bear. While altcoins experienced a notable decline, Bitcoin (BTC) regained attention and saw renewed investor interest. The attraction for meme coins has also waned. This period of increased fear, uncertainty, and doubt (FUD) is a typical phase in market cycles. Experienced investors may view this as - [Hyperliquid Faces Threat as North Korean Hackers Target Platform](https://news.shib.io/2024/12/23/hyperliquid-faces-threat-as-north-korean-hackers-target-platform/): Hyperliquid, the decentralized leveraged trading platform, has come under scrutiny following reports of suspicious trading activity connected to North Korean hackers. Crypto influencer Tayvano posted a warning on X that a spike in transactions from flagged addresses has raised concerns about a possible breach and a more complex hacking operation. Addresses tied to North Korea, suspected of probing the platform for vulnerabilities, have accumulated losses surpassing $700,000 over the past week. While some view the activity as a possible distraction, others believe it could be an indication of a larger, more coordinated hacking operation. Tayvano also pointed out that security - [Venture Capitalist Claims SpaceX Uses Stablecoins to Avoid Foreign Exchange Risks](https://news.shib.io/2024/12/23/venture-capitalist-claims-spacex-uses-stablecoins-to-avoid-foreign-exchange-risks/): In a recent appearance on the All In podcast, Chamath Palihapitiya has disclosed that aerospace manufacturer SpaceX is using stablecoins to handle payments and mitigate foreign exchange risks from its Starlink satellite internet clients. Palihapitiya revealed that SpaceX employs the strategy of collecting payments from Starlink customers in countries with underdeveloped financial infrastructure, commonly referred to as ‘long-tail countries,’ and then converts those payments into stablecoins.  Once stablecoins are transferred to the U.S., they are converted back into U.S. dollars. By converting customer payments into stablecoins, the company mitigates foreign exchange (FX) risks and avoids the complexities associated with traditional - [USACoin Born Out of Peter Schiff’s Sarcasm - Reports](https://news.shib.io/2024/12/23/usacoin-born-out-of-peter-schiffs-sarcasm-reports/): Economist and outspoken Bitcoin critic Peter Schiff’s sarcastic comments have unexpectedly led to the creation of a new cryptocurrency called USAcoin (USACOIN), which quickly amassed a multimillion-dollar market capitalization.  Its birth is said to have been sparked by Schiff’s suggestion that the U.S. government explore establishing a strategic “USAcoin reserve” as an alternative to a Bitcoin reserve. “Just like Bitcoin, the supply can be capped at 21 million, but with an upgraded blockchain to make USAcoin actually viable for use in payments,” Schiff wrote. As of this writing, USAcoin boasts a market capitalization of $3.34 million, with a reported trading - [MicroStrategy Board Adds Ex Binance.US CEO Brian Brooks](https://news.shib.io/2024/12/23/microstrategy-board-adds-ex-binance-us-ceo-brian-brooks/): Business intelligence firm MicroStrategy has appointed former Binance.US CEO Brian Brooks, along with executives Jane Dietze and Gregg Winiarski, to its board of directors. The appointments were disclosed on December 20 in a filing with the U.S. Securities and Exchange Commission (SEC), following the company’s inclusion in the Nasdaq 100. Brooks and Dietze, who also serve on the board of Galaxy Digital, along with Winiarski, the Chief Legal Officer at Fanatics Holdings, have expanded MicroStrategy’s board to nine members. The filing also notes that they will be eligible to receive equity awards. Brooks stepped down as CEO of Binance.US in - [Ex-College Football Player Bo Hines to Lead Trump's Crypto Council](https://news.shib.io/2024/12/23/ex-college-football-player-bo-hines-to-lead-trumps-crypto-council/): President-elect Donald Trump has tapped former college football player Bo Hines to lead his newly formed “Crypto Council” as executive director.  On December 22, President-elect Donald Trump announced Hines’ nomination in a post on his Truth Social platform. Trump revealed that Hines would collaborate with David Sacks, his appointed Crypto Czar, to promote the growth of the digital asset industry through a new advisory group. “Together, they will work to ensure this sector remains a key driver of our nation’s technological advancement,” Trump wrote. In 2022, Bo Hines campaigned as the Republican candidate for North Carolina’s U.S. House seat but - [Hex Founder Richard Heart Faces International Hunt After Interpol Red Notice](https://news.shib.io/2024/12/22/hex-founder-richard-heart-faces-international-hunt-after-interpol-red-notice/): Richard Schueler, known in the cryptocurrency world as Richard Heart, has moved from boasting about bold crypto ventures to being the subject of international legal scrutiny. The name Richard Heart, has long been synonymous with bold claims and ambitious projects. As the founder of the Hex cryptocurrency, PulseChain, and PulseX, Heart carved out a niche in the volatile world of digital currencies. But now, that same notoriety is drawing international attention for less flattering reasons. On December 18, 2024, Interpol issued a Red Notice for Schueler, following a request from Finnish authorities who are investigating the 44-year-old entrepreneur on charges - [Shifu Takes the Leap, Embraces Shibarium and ShibaSwap](https://news.shib.io/2024/12/22/shifu-takes-the-leap-newly-launched-token-embraces-shibarium-and-shibaswap/): A collaborative creation from Shiba Inu and Imaginary Ones, the Shifu ($SHIFU) token, takes a significant step forward this week, integrating with both the Shibarium blockchain and the ShibaSwap decentralized exchange, unlocking new potential for the growing community. Market Implications for Shifu and Shiba Inu Industry watchers view this integration as a bullish development for both Shifu and the broader Shiba Inu ecosystem. For Shifu, the move is likely to: Drive Demand: Increased accessibility and utility on Shibarium and ShibaSwap are projected to boost demand for the $SHIFU token. Unlock New Use Cases: Integration with Shibarium opens doors for $SHIFU - [Shiba Eternity & Agent Shiboshi Unleash $BONE-anza! 750 Tokens Up For Grabs in Epic Weekend Tournament!](https://news.shib.io/2024/12/22/shiba-eternity-agent-shiboshi-unleash-bone-anza-750-tokens-up-for-grabs-in-epic-weekend-tournament/): The battle horns are blaring. Shiba Eternity and Agent Shiboshi are unleashing a double dose of fury this weekend, with a whopping 750 $BONE tokens up for grabs in a tournament that promises to be nothing short of epic. Two Tournaments, One Epic Weekend of Pure Action That’s right, folks, you’re not seeing double (unless you’ve been staring at the screen for too long, in which case, maybe take a break?). This weekend, it’s not just one, but two epic tournaments: the Shiba Eternity web3 throwdown and the special Agent Shiboshi event. This is your chance to prove your card-slinging - [The Shib Magazine New Website Launches with $BONE Giveaway: 10 Crypto Holders Win Big!](https://news.shib.io/2024/12/22/the-shib-magazine-new-website-launches-with-bone-giveaway-10-crypto-holders-win-big/): The Shib Magazine has announced the 10 lucky winners of its 2,000 $BONE token giveaway, celebrating the launch of its revamped website packed with new features like interactive flipbooks, downloadable PDFs, and anti-fraud technology. The Shib Winners Are In! 10 Lucky Shib Army Score 200 $BONE Each The wait is over, Shib Army! After launching a 2,000 $BONE token giveaway on December 12 to celebrate its newly revamped website, The Shib Magazine revealed the 10 lucky winners.  The announcement, made on X (formerly Twitter), generated massive excitement within the community: “Win your share of 2000 $BONE in celebration of our - [Bad Idea AI Expands Web3 Utility with $BAD Token Listing on Crypto.com On-Chain Wallet](https://news.shib.io/2024/12/21/bad-idea-ai-expands-web3-utility-with-bad-token-listing-on-crypto-com-on-chain-wallet/): Signaling a significant expansion of its Web3 utility, Bad Idea AI’s $BAD token is now listed on the popular Crypto.com On-Chain Wallet, granting users simplified access to a range of decentralized finance services and applications. Simplified $BAD Management for a Growing Community The recent listing of the $BAD token on Crypto.com’s On-Chain Wallet brings a new level of convenience to Bad Idea AI community members. Previously, managing and utilizing $BAD may have required navigating multiple platforms.  🔥 New Listings in the Onchain Wallet 🔥$PEPU, $BAD, $0X0, $USUAL Listed on ETH ERC-20 Explore the Onchain Wallet 👉 https://t.co/WYezL4lLPF pic.twitter.com/SIKUUJuxPv — Crypto.com - [Shiba Inu Whale Turns $3,800 Investment into $6 Million](https://news.shib.io/2024/12/20/shiba-inu-whale-turns-3800-investment-into-6-million/): A large-scale investor, often referred to as a “whale,” has recently sold 250 billion Shiba Inu (SHIB) tokens, totaling a significant $6.05 million. According to a December 18 post on X by blockchain analytics platform Lookonchain, the whale made a significant purchase of 15.28 trillion SHIB tokens on August 6, 2020. At the time, the Shiba Inu whale invested just $3,800 to acquire the massive amount of SHIB. This investment has since proven to be incredibly lucrative, as the price of SHIB has experienced dramatic growth, boosting the value of the whale’s holdings. The whale’s early acquisition of such a - [SEC Approves Bitcoin and Ether ETFs from Hashdex and Franklin Templeton](https://news.shib.io/2024/12/20/sec-approves-bitcoin-and-ether-etfs-from-hashdex-and-franklin-templeton/): The U.S. Securities and Exchange Commission (SEC) has approved Bitcoin and Ethereum index exchange-traded funds (ETFs) from Hashdex and Franklin Templeton. After several months of review, the SEC has approved the first spot ETFs that combine Bitcoin and Ethereum. On December 19, Hashdex’s Nasdaq Crypto Index US ETF received approval to trade on the Nasdaq Stock Market, while the Franklin Crypto Index ETF was cleared for the Cboe BZX Exchange. Both ETFs will hold spot Bitcoin and Ether. The Franklin Crypto Index ETF will follow the Institutional Digital Asset Index, a benchmark that tracks the performance of digital assets like - [US Leaders Split on Bitcoin: Fed Rejects Reserves, Lummis Calls for Strategy](https://news.shib.io/2024/12/20/us-leaders-split-on-bitcoin-fed-rejects-reserves-lummis-calls-for-strategy/): Federal Reserve Chair Jerome Powell has reaffirmed that the central bank cannot own Bitcoin. However, Senator Cynthia Lummis proposes a plan to enable the Federal Reserve to hold the cryptocurrency. During a press briefing following the year’s final Federal Open Market Committee (FOMC) meeting, Powell reiterated that the central bank is neither authorized nor inclined to hold Bitcoin as part of its reserves. He also emphasized that the Federal Reserve has no plans to advocate for legislative changes to permit such actions. With President-elect Donald Trump set to take office, interest in cryptocurrencies is on the rise. However, Powell’s statements - [Craig Wright Penalized for False Satoshi Claims and Contempt of Court in UK Ruling](https://news.shib.io/2024/12/20/craig-wright-penalized-for-false-satoshi-claims-and-contempt-of-court-in-uk-ruling/): Australian computer scientist Craig Wright, who falsely claimed to be Bitcoin’s creator, has been sentenced to one year in prison for contempt of court. In March, a UK court determined that Wright was not Satoshi Nakamoto, the creator of Bitcoin. Despite this ruling, he continued to pursue lawsuits claiming intellectual property rights.  On December 19, Judge James Mellor sentenced Wright to 12 months in prison, which is suspended for two years. Wright was also fined £145,000 (approximately $180,000) for five counts of contempt of court. Prior to Wright’s sentencing, Justice Mellor determined that Wright had repeatedly falsified claims about being - [Influencer-Backed HAWK Token Faces Lawsuit Following Rug Pull Accusations](https://news.shib.io/2024/12/20/influencer-backed-hawk-token-faces-lawsuit-following-rug-pull-accusations/): Investors have filed a federal lawsuit against the creators of the HAWK meme coin, which was heavily promoted by influencer Hailey Welch before its value dropped significantly just hours after launching. The meme coin saw its value plummet by over 95% within just 24 hours of its release on December 4. Following HAWK’s sharp decline, legal firm Burwick Law urged buyers affected by the drop to come forward for a potential lawsuit.  On December 19, the firm filed a lawsuit on behalf of 12 plaintiffs from the United States, who alleged that they suffered damages exceeding $151,000. The court filing - [The Shib News Recap: Thursday](https://news.shib.io/2024/12/19/the-shib-news-recap-thursday-3/): This Thursday, The Shib Daily reported on significant developments in the crypto sector, including critical regulatory developments, ETF predictions, and leadership shifts within key institutions impacting the industry. Retail Clients Misclassified? ASIC Takes Legal Action Against Binance The Australian Securities and Investments Commission (ASIC) is suing Binance Australia Derivatives for allegedly failing to protect consumers. The regulator claims Binance wrongly classified 505 retail investors as wholesale clients from July 2022 to April 2023. The exchange offered derivatives like futures contracts for Bitcoin, Ether, and BNB. ASIC Deputy Chair Sarah Court noted that many clients experienced substantial losses, leading to approximately - [Shiba Inu Implements New Token Burning Mechanism Within Shibarium Expansion](https://news.shib.io/2024/12/19/shiba-inu-implements-new-token-burning-mechanism-within-shibarium-expansion/): Amid a backdrop of industry skepticism and criticism, Shiba Inu has delivered on its promise to the community, implementing a novel, community-driven token burning mechanism as part of Shibarium’s multi-chain expansion, demonstrating a commitment to building and finding solutions rather than engaging with detractors.  Shiba Inu, in a strategic move to enhance tokenomics, integrated a novel, community-driven token burning mechanism as part of Shibarium’s multi-chain expansion, aiming to reduce the circulating supply of SHIB and potentially increase its value. This latest development, marks a pivotal shift in how token burns are executed, highlighting the team’s dedication to creating a robust - [Shibarium Links Worlds](https://news.shib.io/2024/12/19/shibarium-links-worlds/): Read the latest edition of The Shib Magazine here. - [Bitcoin and Ethereum Combo ETF to Lead Wave of Crypto Funds in 2025](https://news.shib.io/2024/12/19/bitcoin-and-ethereum-combo-etf-to-lead-wave-of-crypto-funds-in-2025/): Bloomberg ETF analyst Eric Balchunas has predicted that Bitcoin and Ethereum exchange-traded funds (ETFs) will be the first of U.S. crypto funds launching in 2025, with others to follow. On December 17, Balchunas posted an analysis X from fellow ETF analyst James Seyffart. “We expect a wave of cryptocurrency ETFs next year, albeit not all at once,” Balchunas wrote. Balchunas and Seyffart anticipate that ETFs tracking Litecoin (LTC) or Hedera (HBAR) could follow the Bitcoin and Ether fund. Seyffart also pointed out that the U.S. Securities and Exchange Commission (SEC) previously rejected several Solana ETFs. He also suggested that ETFs - [Saylor and Lummis Place High Hopes on US Crypto Czar for Digital Asset Progress](https://news.shib.io/2024/12/19/saylor-and-lummis-place-high-hopes-on-us-crypto-czar-for-digital-asset-progress/): Michael Saylor, the co-founder of MicroStrategy, has voiced strong support for former Paypal Chief Operating Officer (COO) David Sacks as the U.S. Crypto Czar, expressing confidence in his potential to lead the country toward becoming a global cryptocurrency powerhouse. Saylor shared a post on X from Senator Cynthia Lummis, who praised David Sacks’ appointment. His post garnered significant support from X users, many of whom expressed similar enthusiasm for Sacks’ new role. Lummis said that with Sacks as Crypto Czar, the incoming administration is positioned to be the most supportive of digital assets in history. “2025 will be the year - [MicroStrategy to Pause Bitcoin Buying in January?](https://news.shib.io/2024/12/19/microstrategy-to-pause-bitcoin-buying-in-january/): Rumors have emerged suggesting that MicroStrategy may pause its typical Bitcoin funding strategy in January, potentially halting the sale of shares “at the market” (ATM) or the issuance of new convertible debt. The claim originated from Vance Spencer, co-founder of venture capital firm Framework Ventures, who posted on X stating: “Saylor has a blackout period all of Jan – cannot issue any new converts to buy BTC.” If the rumor proves true, it could disappoint many MicroStrategy investors who have come to anticipate Saylor’s consistent Bitcoin purchases. While the company’s aggressive Bitcoin acquisition strategy has become a hallmark, January may - [Binance Faces Australian Lawsuit Over Mislabeling Retail Clients and Risky Investments](https://news.shib.io/2024/12/19/binance-faces-australian-lawsuit-over-mislabeling-retail-clients-and-risky-investments/): The Australian Securities and Investments Commission (ASIC) has filed a lawsuit against Binance Australia Derivatives, accusing the crypto trading platform of failing to uphold consumer protections. In a media release issued on December 18, the regulator alleged that Binance provided crypto derivative products to 505 retail investors in Australia between July 2022 and April 2023, wrongly classifying them as wholesale clients. The lawsuit claims that, as a result of the misclassification, Binance’s retail customers were denied the consumer protections typically provided to smaller investors, such as access to  Product Disclosure Statements (PDS), a Target Market Determination (TMD), and internal dispute - [Peter Schiff Slams Michael Saylor's Bitcoin Strategy](https://news.shib.io/2024/12/19/peter-schiff-slams-michael-saylors-bitcoin-strategy/): Financial commentator Peter Schiff has slammed MicroStrategy co-founder Michael Saylor’s comparison of the company’s debt-fueled Bitcoin purchasing strategy to investing in Manhattan real estate. In a post on X, Schiff, known for his staunch opposition to Bitcoin (BTC), argued that Saylor’s analogy was flawed. “Real estate generates rents, which can be used to service and repay debt. Bitcoin doesn’t generate any income to make interest or principal payments,” Schiff stated. Spencer Hakimian, founder of Tolou Capital Management, responded to Schiff’s critique, offering a different perspective. Hakimian argued that, unlike Manhattan real estate, Bitcoin does not incur expenses or require maintenance, - [Trump Meets with Crypto.com CEO to Discuss Policies and Appointments](https://news.shib.io/2024/12/18/trump-meets-with-crypto-com-ceo-to-discuss-policies-and-appointments/): U.S. President-elect Donald Trump has recently met with Crypto.com CEO Kris Marszalek to discuss potential policies impacting the cryptocurrency industry and lay the groundwork for an executive order related to a Bitcoin reserve. In a post on X on December 16, Marszalek said that he had traveled to Trump’s Mar-a-Lago residence for a meeting. During their discussion, Marszalek and Trump reportedly covered plans for a national Bitcoin reserve and potential appointments within the new administration related to the crypto sector. On the same day, Crypto.com decided to voluntarily dismiss its lawsuit against the U.S. Securities and Exchange Commission (SEC) and - [US Treasury Targets North Korea Crypto Money Laundering Operation](https://news.shib.io/2024/12/18/us-treasury-targets-north-korea-crypto-money-laundering-operation/): The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on two individuals and a company accused of laundering millions of dollars in illicit funds for operatives in North Korea. On Tuesday, the U.S. Treasury Department revealed that it had dismantled a North Korean money laundering network. Although the exact amount of laundered funds remains undisclosed, the operation was primarily aimed at financing North Korea’s weapons of mass destruction (WMD) and ballistic missile development programs. The network included Green Alpine Trading, LLC, a front company based in the United Arab Emirates (UAE), along with Chinese - [Elon Musk Says 'LMAO' to Senator Warren's Conflict-of-Interest Comment](https://news.shib.io/2024/12/18/elon-musk-says-lmao-to-senator-warrens-conflict-of-interest-comment/): Elon Musk has addressed Senator Elizabeth Warren’s concerns regarding potential conflicts of interest following his appointment as co-leader of the newly established Department of Government Efficiency (DOGE). In a post on his platform X, the CEO of Tesla and SpaceX claimed that Senator Warren’s scrutiny was influenced by the parents of Sam Bankman-Fried (SBF), suggesting that her criticisms were being written by them.  Musk’s use of the nickname “Pocahontas” for Warren mirrors a term that was reportedly used by former President Trump’s team, as previously noted by Business Insider. The business magnate has developed a strong connection with President-elect Donald - [Coinbase Rejects $1B Lawsuit Over wBTC Delisting, Says Risk Tied to Justin Sun](https://news.shib.io/2024/12/18/coinbase-rejects-1b-lawsuit-over-wbtc-delisting-says-risk-tied-to-justin-sun/): Coinbase, the cryptocurrency exchange platform, has rejected a lawsuit filed by Bit Global, the firm linked to TRON Founder Justin Sun, after the crypto exchange moved to delist wrapped Bitcoin (wBTC) from its platform. BiT Global filed a lawsuit against Coinbase on December 13, alleging that the cryptocurrency exchange’s decision to delist wBTC was unlawful. The lawsuit argued that the removal of wBTC would cause significant damage to the token’s economic stability and claimed the decision was unwarranted, especially since Coinbase continues to list less serious assets like meme coins. The lawsuit further alleged that the introduction of cbBTC violated - [US Senate Calls Off Caroline Crenshaw Renomination as SEC Commissioner](https://news.shib.io/2024/12/18/us-senate-calls-off-caroline-crenshaw-renomination-as-sec-commissioner/): The U.S. Senate Banking Committee has called off the renomination hearing for U.S. Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw, possibly marking the end of her tenure at the agency. Fox Business journalist Eleanor Terrett reported that a Senate aide confirmed the cancellation. The decision comes amid rising opposition from both the crypto industry and policymakers. Crenshaw’s critics have expressed concern over Democratic senators attempting to fast-track her hearing without sufficient scrutiny.  Crenshaw became a highly controversial figure in the cryptocurrency sector because of her firm stance on regulation. She is particularly known for her opposition to the approval - [The Shib News Recap: Tuesday](https://news.shib.io/2024/12/17/the-shib-news-recap-tuesday-2/): It may only be Tuesday, but today’s recap is packed with explosive Web3 news you wouldn’t want to miss. Highlighted in today’s headlines are Shytoshi Kusama’s recent remarks on a new use case for the upcoming TREAT token in a collaboration with an innovative project, the latest names on the SEC’s Wells notice list, and Grayscale’s alarming $21 billion outflows. Shytoshi Kusama Reveals New Horizons for TREAT Shiba Inu lead visionary Shytoshi Kusama has revealed a crucial use case for the TREAT token in partnership with Oogwai, focusing on fully homomorphic encryption (FHE) and longevity research. This collaboration aims to - [Shifu’s Path With Shib](https://news.shib.io/2024/12/17/shifus-path-with-shib/): Read the latest edition of The Shib magazine here. - [Grayscale Struggles Amid $21 Billion Outflows; Investor Confidence Wanes](https://news.shib.io/2024/12/17/grayscale-struggles-amid-21-billion-outflows-investor-confidence-wanes/): Grayscale Bitcoin Trust (GBTC) has experienced $21 billion in outflows since its January 2024 launch, becoming the only U.S. spot Bitcoin exchange-traded fund (ETF) with a negative investment movement. Data from Farside reveals that the GBTC experienced daily outflows averaging $89.9 million over the past 11 months. As of December 16, the GBTC has seen a total of $21.045 billion in outflows, with the trust continuing to lose millions of dollars in investments each day. While the 10 spot Bitcoin ETFs in the U.S. have maintained positive balance sheets, GBTC’s outflows have overshadowed the investments brought in by the Fidelity - [Crypto Romance Scam: Nigeria Arrests 800 in Massive Raid](https://news.shib.io/2024/12/17/crypto-romance-scam-nigeria-arrests-800-in-massive-raid/): Nigeria’s Economic and Financial Crimes Commission (EFCC) has arrested 792 people in a raid on a building in Lagos, believed to be a major hub for a widespread crypto romance scam operation. The arrests occurred on December 10, with the suspects including 148 Chinese nationals and 40 Filipino nationals. A spokesperson for the EFCC shared this information with Reuters on December 16. “Nigerian accomplices were recruited by the foreign kingpins to prospect for victims online through phishing, targeting mostly Americans, Canadians, Mexicans, and several others from European countries,” the EFCC spokesperson said. The spokesperson also explained that after the Nigerian - [CyberKongz NFT Collection Faces SEC Action Over Alleged Violations](https://news.shib.io/2024/12/17/cyberkongz-nft-collection-faces-sec-action-over-alleged-violations/): CyberKongz, a prominent non-fungible token (NFT) collection, has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) indicating the regulator’s intent to pursue charges against the project. In a post on X, CyberKongz revealed that the SEC’s Wells Notice raised concerns about its ERC-20 token. The regulator claimed it could not operate the ERC-20 token in conjunction with a blockchain-based game without registering it as a security. The project argued that the SEC’s stance demonstrates a lack of understanding of blockchain technology and could set a concerning precedent for the broader Web3 gaming industry. “We are extremely - [SEC Targets Unicoin with Fraud Allegations as Gensler’s Crypto Crackdown Continues](https://news.shib.io/2024/12/17/sec-targets-unicoin-with-fraud-allegations-as-genslers-crypto-crackdown-continues/): The U.S. Securities and Exchange Commission (SEC) has issued a Wells Notice to Unicoin, a U.S.-based cryptocurrency investment firm, signaling potential enforcement action. According to Fortune, the Wells Notice indicated that the commission intends to charge Unicoin with fraud, deceptive practices, and the sale of unregistered securities. It does not specify the exact issues involved. A Wells Notice is a formal letter from the SEC informing an individual or company that the agency intends to file a lawsuit against them. In an interview, Unicoin CEO Alex Konanykhin revealed that the SEC had issued subpoenas to the company in May. The - [FTX Users to Receive First Refunds in Early 2025, Kraken and BitGo Helping](https://news.shib.io/2024/12/17/ftx-users-to-receive-first-refunds-in-early-2025-kraken-and-bitgo-helping/): Cryptocurrency exchange FTX has set an initial date for payment distribution to claimants, more than two years after the company filed for bankruptcy. In a press release, FTX and its affiliated debtors announced that claimants can expect the initial distribution of funds to begin within 60 days of the effective date. The debtors set January 3, 2025 as the official start date for the distribution, following the court’s approval of their Chapter 11 Plan of Reorganization. Debtors announced that cryptocurrency custody and security firm BitGo, along with crypto exchange Kraken, will assist in distributing recovery payments to FTX users. The - [Shytoshi Kusama Unveils TREAT First Use Case, Signaling Expansion of Shiba Inu Ecosystem](https://news.shib.io/2024/12/17/shytoshi-kusama-unveils-treat-first-use-case-signaling-expansion-of-shiba-inu-ecosystem/): Shiba Inu’s visionary Shytoshi Kusama just dropped a bombshell: the TREAT token’s first real-world use case will be in a groundbreaking partnership focused on fully homomorphic encryption (FHE) and longevity research. This is a bold step toward redefining utility and marking a significant expansion of the Shiba Inu ecosystem’s real-world impact. A Breakthrough Collaboration with Oogwai Kusama revealed TREAT token use case in collaboration with Oogwai, a project focused on longevity research, which tapped Shiba Inu’s Fully Homomorphic Encryption (FHE). The announcement, shared on X (formerly Twitter), highlighted a pivotal moment for the Shiba Inu ecosystem—expansion beyond its meme-coin origins - [The Shib News Recap: Monday](https://news.shib.io/2024/12/16/the-shib-news-recap-monday-2/): Today’s crypto news cycle is filled with critical regulatory updates, the implications of such for the crypto ecosystem, and Michael Saylor’s reaction to an anti-crypto rhetoric. Crypto Regulation News The Financial Accounting Standards Board (FASB) has launched new Fair Value accounting rules for Bitcoin and similar cryptocurrencies. Companies will now need to report their crypto assets at fair value in their financial statements. This adjustment aims to provide a clearer view of profits and losses due to the volatility of cryptocurrency prices. However, the rules exclude certain digital assets like NFTs and wrapped tokens. In other regulatory news, the Australian - [A New Look For A New Era](https://news.shib.io/2024/12/16/a-new-look-for-a-new-era/): Read the latest edition of The Shib magazine here. - [Vanguard Hammers Down on Anti-Bitcoin Stance, Michael Saylor Reacts](https://news.shib.io/2024/12/16/vanguard-hammers-down-on-anti-bitcoin-stance-michael-saylor-reacts/): Vanguard, one of the largest investment firms globally, has maintained its stance against Bitcoin and the broader cryptocurrency market, dismissing the merits of these digital assets as speculative and lacking tangible value. Despite increasing interest from various companies in Bitcoin and the like, Vanguard reaffirmed its skepticism regarding Bitcoin’s long-term value. The investment giant recently said that Bitcoin “has no role in long-term investment portfolios,” citing concerns over its speculative nature.  According to AFR, Duncan Burns, the Principal and CIO of Vanguard Asia-Pacific, stated that the investment community has yet to establish Bitcoin’s superiority within the market. He described the - [Peanut the Squirrel Owner Files Cease and Desist vs Binance Over IP Violation](https://news.shib.io/2024/12/16/peanut-the-squirrel-owner-files-cease-and-desist-vs-binance-over-ip-violation/): Mark Longo, the owner of viral internet sensation Peanut the Squirrel, has taken action against Binance, one of the world’s largest cryptocurrency exchanges, accusing it of intellectual property infringement. In a recent post on X, Longo announced that his legal team had issued a cease-and-desist letter to Binance, accusing it of using the “PNUT” trademark and a well-known image of Peanut on its platform without obtaining proper authorization. Longo has accused Binance of infringing on his intellectual property, stating that the designs in question are integral elements of his brand rather than simple graphics. He further alleged that Binance’s unauthorized - [World Liberty Financial Crypto Buying Spree Hits Nearly $45M](https://news.shib.io/2024/12/16/world-liberty-financial-crypto-buying-spree-hits-nearly-45m/): World Liberty Financial, the cryptocurrency initiative backed by President-elect Donald Trump, has continued its aggressive crypto buying spree with a recent purchase of $250,000 worth of ONDO. According to data from Arkham Intelligence, the decentralized finance (DeFi) project acquired 134,216 Ondo Finance (ONDO) tokens through Cow Protocol at an average price of $1.83. Blockchain monitoring platform Lookonchain reported that since November 30, a wallet tied to World Liberty Financial has made significant acquisitions, including $30 million in Ether and $10 million in Coinbase Wrapped BTC. These purchases are part of a broader buying spree, as detailed in a December 16 - [Kraken's Bit Trade Fined $5.1M AUD for Regulatory Violations](https://news.shib.io/2024/12/16/krakens-bit-trade-fined-5-1m-aud-for-regulatory-violations/): Bit Trade, the Australian subsidiary of Kraken, has been fined $5.1 million AUD (approx. $3.2 million USD) by the Australian Federal Court for offering a margin lending product to customers without regulatory approval. According to a media release from the Australian Securities and Investments Commission (ASIC), Bit Trade Pty Ltd has been offering a “margin extension” product to its Australian customers since October 2021. However, the product was provided without the necessary target market determination (TMD), which is required by Australian financial regulations. The margin extension product offered by Bit Trade allowed customers to borrow funds and repay them using - [FASB Mandates Fair Value Accounting for Bitcoin, Cryptocurrencies](https://news.shib.io/2024/12/16/fasb-mandates-fair-value-accounting-for-bitcoin-cryptocurrencies/): The Financial Accounting Standards Board (FASB) has officially implemented its new Fair Value accounting rules for Bitcoin and other eligible cryptocurrencies. The FASB rules will require companies to assess and report their crypto assets, including Bitcoin, at fair value in their financial statements. These updates, which took effect on December 15, mandated that businesses adjust the value of their digital assets during each reporting period to reflect the current market prices.  This change aims to provide a more accurate picture of profits and losses, helping companies stay aligned with the frequent price fluctuations of cryptocurrencies. The new amendments will also - [How to Win Shifu Tokens with Airdrop Points Bonanza: The Final Countdown](https://news.shib.io/2024/12/13/how-to-win-shifu-tokens-with-airdrop-points-bonanza-the-final-countdown/): The clock is ticking, the stakes are climbing, and the Airdrop Points Bonanza just got serious. With only three days left in the tournament and thousands of points still up for grabs, this is your final opportunity to get your hands on a million Shifu tokens.  But here’s the deal: you’ve got to earn at least 1 leaderboard point through gameplay to qualify. Sounds straightforward, right? Well, let’s break it down step by step because the last thing you want is to miss this chance by fumbling the basics. How to Qualify for Shifu Token Airdrop Rewards Alright, here’s how - [Crypto's Future Bright, Says Kraken: 73% of US Holders to Invest in 2025](https://news.shib.io/2024/12/13/cryptos-future-bright-says-kraken-73-of-us-holders-to-invest-in-2025/): A recent survey by cryptocurrency exchange Kraken has revealed that 73% of U.S. crypto holders plan to continue investing in 2025, while 55% believe cryptocurrency has real-world uses. The survey, which covered 2,437 Americans, found that 36% of U.S. crypto holders believe cryptocurrencies offer greater growth potential compared to traditional investments such as stocks (34%), bonds (13%), and real estate (17%). However, the survey results showed that when it came to crypto investments, the type of coin significantly influenced investors’ preferences. A clear majority, 70%, favored established cryptocurrencies like Bitcoin. In contrast, only 12% of participants were inclined toward meme - [Byte Federal Bitcoin ATM Suffers Data Breach, 58,000 Users Affected](https://news.shib.io/2024/12/13/byte-federal-bitcoin-atm-suffers-data-breach-58000-users-affected/): Byte Federal, the Bitcoin ATM operator, has confirmed a data breach that exposed the personal and transactional data of its customers due to third-party software vulnerabilities. In a report submitted to the Maine Attorney General, the Florida-based ATM service provider said that it discovered the data breach on November 18. However, the attack had actually occurred 49 days earlier, on September 30. The report revealed that the hack compromised the personal information of 58,000 customers, including 111 from Maine. Exposed data included names, addresses, phone numbers, government-issued IDs, Social Security numbers, customer account details, transaction history, and user photos. Investigators - [Hacker Exploits Dogecoin Flaw, Crashes 69% of Network Nodes](https://news.shib.io/2024/12/13/hacker-exploits-dogecoin-flaw-crashes-69-of-network-nodes/): Andreas Kohl, the co-founder of Bitcoin sidechain Sequentia, has reportedly exploited a major vulnerability in the Dogecoin network, causing 69% of its nodes to crash using an old laptop. On December 12, Kohl took to X to reveal that he had exploited the vulnerability discovered by researcher Tobias Ruck to crash the nodes.  “Let the records show that on this day 69% of the Dogecoin network was taken down by a single ThinkPad in rural El Salvador,” Kohl wrote in a separate post on X.  Data from Blockchair shows that before the vulnerability was exploited, Dogecoin had 647 active nodes. - [BlackRock: Bitcoin Risk Comparable to Tech Stocks, 1-2% Allocation Ideal](https://news.shib.io/2024/12/13/blackrock-bitcoin-risk-comparable-to-tech-stocks-1-2-allocation-ideal/): BlackRock Investment Institute, the global investment management firm, has recommended that a 1-2% allocation to Bitcoin is “reasonable” for investors while warning that higher allocations could significantly increase the risk within a portfolio. In a report released on December 12, titled “Sizing Bitcoin in Portfolios,” the firm stated that this percentage carries “on average, about the same share of overall portfolio risk” as a typical investment in the “Magnificent 7” mega-cap tech stocks, within a portfolio made up of 60% stocks and 40% fixed income assets. The “Magnificent 7” refers to the seven major tech companies: Amazon, Apple, Microsoft, Alphabet - [SEC Chair Gensler Threatens Elon Musk with Charges Unless Settlement is Reached in 48 Hours](https://news.shib.io/2024/12/13/sec-chair-gensler-threatens-elon-musk-with-charges-unless-settlement-is-reached-in-48-hours/): U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has given Elon Musk a 48-hour ultimatum to accept a settlement or face multiple charges.  Reports indicate that Elon Musk’s attorney, Alex Spiro, has sent a letter to the SEC in response to the agency’s settlement demand. The letter, however, provided little clarity on the specifics of the charges or the number of Musk’s companies that might be implicated. However, in his letter, Spiro confirmed that the SEC had reopened its investigation into Elon Musk’s neurotechnology company, Neuralink, this week. Spiro also revealed that he had been subpoenaed by the SEC - [The Shib News Recap: Thursday](https://news.shib.io/2024/12/12/the-shib-news-recap-thursday-2/): The top headlines this Thursday from The Shib Daily are marked by increasing regulatory scrutiny in financial markets and the growing adoption of stablecoins. Furthermore, financial actions by politically connected figures also spark intrigue—but not as much as the newest controversy surrounding AI, which you’ll find out more about below. SEC Commissioner Crenshaw’s Renomination Vote Stalled The vote to renominate SEC Commissioner Caroline Crenshaw has been delayed because of a procedural conflict. The change in schedule overlaps with a Senate rule. Senator Brown is tasked with rescheduling the vote, but a timeline is yet to be announced. Crenshaw, facing controversy - [Shib Transcends Time](https://news.shib.io/2024/12/12/shib-transcends-time/): Read the latest edition of The Shib magazine here. - [Trump-Backed World Liberty Financial Acquires $12M in ETH, LINK, AAVE](https://news.shib.io/2024/12/12/trump-backed-world-liberty-financial-acquires-12m-in-eth-link-aave/): World Liberty Financial (WLFI), the decentralized finance initiative backed by President-elect Donald Trump, has acquired significant amounts of Ethereum (ETH), Chainlink (LINK), and Aave (AAVE) using USD Coin (USDC). Ethereum’s price surged 6.86% within 24 hours of the purchase. On December 12, WLFI processed $12 million in cryptocurrency transactions through its multi-signature wallet, according to blockchain data from Etherscan. The purchases included 2,631 ETH tokens at an average price of $3,801 each, amounting to $10 million. This acquisition significantly boosted WLFI’s Ethereum holdings to over 14,500 ETH, with a total value exceeding $56 million. The project’s cryptocurrency portfolio showcases a - [a16z Chief Brian Quintenz Possible Trump Pick for CFTC Chair](https://news.shib.io/2024/12/12/a16z-chief-brian-quintenz-possible-trump-pick-for-cftc-chair/): Brian Quintenz, the current Chief of Policy at a16z, has reportedly emerged as the top contender to lead the Commodity Futures Trading Commission (CFTC) under President-elect Donald Trump’s administration. According to a Bloomberg report, anonymous sources familiar with the matter stated that Trump’s transition team has interviewed Quintenz for the position of CFTC chair.  Quintenz’s extensive expertise in cryptocurrency policy, combined with his tenure as a CFTC Commissioner under both the Obama and Trump administrations, further supports his candidacy. During his time at the CFTC, the crypto advisor played a key role in the launch of the first fully regulated - [Binance and Circle Partner to Expand USDC Adoption Globally](https://news.shib.io/2024/12/12/binance-and-circle-partner-to-expand-usdc-adoption-globally/): Cryptocurrency exchange Binance and global financial technology firm Circle have announced a strategic partnership aimed at driving the adoption of USDC and advancing the international growth of digital assets. According to a press release, industry leaders Circle Internet Group Inc. and Binance Holding Ltd. announced their strategic partnership at the Abu Dhabi Finance Week on December 11. The firms stated that Circle will play a key role in supporting Binance by offering critical technology, liquidity solutions, and other resources to optimize the use of USDC on the platform. Additionally, both companies plan to collaborate on building new connections with mainstream - [Caroline Crenshaw SEC Renomination Vote Postponed Due to Senate Conflict](https://news.shib.io/2024/12/12/caroline-crenshaw-sec-renomination-vote-postponed-due-to-senate-conflict/): The renomination vote for U.S. Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw has been postponed due to a procedural conflict following changes to the original schedule.  According to Fox Business Journalist Eleanor Terrett, the Senate Banking Committee had originally scheduled a vote on Crenshaw’s renomination for Wednesday morning, but the session was moved to the afternoon due to attendance issues.  “Attendance issues often arise when there is a lack of bipartisan cooperation on these nominees,” said Senator Sherrod Brown, Chairman of the Senate Banking Committee. The vote was rescheduled to the afternoon, creating a conflict with a Senate procedural - [AI Jesus in Swiss Chapel Stirs Controversy and Debate](https://news.shib.io/2024/12/12/ai-jesus-in-swiss-chapel-stirs-controversy-and-debate/): An AI Jesus in chapel in Switzerland, introduced as part of a two-month experiment, has sparked widespread criticism and debate. The “Deus in Machina” project, which debuted in August, took place in St. Peter’s Chapel in Lucerne, Switzerland’s oldest church. The artificial intelligence-depiction was developed by Philipp Haslbauer, an IT expert from the Lucerne University of Applied Sciences and Arts, in collaboration with the chapel’s theologian, Marco Schmid.  According to the Associated Press, Haslbauer said that the project was powered by OpenAI’s GPT-4o model and an open-source version of the company’s Whisper technology. Haslbauer explained that the project utilized an - [Shiba Inu Poised for Explosive Rally? Analyst Predicts 4450% Price Surge](https://news.shib.io/2024/12/11/shiba-inu-poised-for-explosive-rally-analyst-predicts-4450-price-surge/): Shiba Inu (SHIB), the world’s second-largest dog-themed altcoin, is flashing major buy signals, with one analyst predicting an eye-watering 4450% price surge, pinpointing critical targets for the token. Crypto analyst Crypto Elites predicts a bullish trajectory for Shiba Inu. The analyst outlined three price targets: 0.000085171, 0.000183312, and 0.000472905, representing potential gains of up to 4450% from the current price. Shiba Inu Technical Analysis Points to Potential Breakout The technical outlook for SHIB was positive, according to Crypto Elites. The analyst noted that as Bitcoin (BTC) dominance decreases, SHIB will likely gain more market share, taking a positive approach. Crypto - [South Korea Pauses Crypto Legislation Amid Martial Law Fallout, Tax Law Delayed](https://news.shib.io/2024/12/11/south-korea-pauses-crypto-legislation-amid-martial-law-delays-tax-law-until-2027/): The South Korean National Assembly has reportedly paused all crypto-related regulatory work amid the ongoing fallout from martial law and impeachment plans against the current president. The crypto sector remains in turmoil following the brief period of martial law declared by President Yoon Suk Yeol. According to Chosun Ilbo, before the suspension of crypto-related regulations, the National Assembly approved a legal amendment that will postpone the implementation of the crypto tax until January 2027. If the National Assembly had not voted on December 10, the crypto tax would have been implemented as planned on January 1, 2025. The report stated - [Microsoft Declines Bitcoin Reserve Proposal, Justin Sun Shares Cheeky Take](https://news.shib.io/2024/12/11/microsoft-declines-bitcoin-reserve-proposal-justin-sun-shares-cheeky-take/): Shareholders of tech giant Microsoft Corp. have voted against a proposal by the National Center for Public Policy Research (NCPPR) to add Bitcoin to the company’s balance sheet during its annual meeting. Ahead of the vote, Microsoft’s board of directors opposed the resolution, citing concerns over Bitcoin’s perceived volatility as a negative factor.  The Washington-based conservative think tank argued that adding Bitcoin to the Microsoft balance sheet would be a corporate responsibility to diversify profits and create value for shareholders. The group emphasized that adopting Bitcoin would create trillions in value and “strip away risk” from shareholders. In the proposal, - [Trump Bitcoin Focus Seeks to Push Price to $150,000 and Lead U.S. Crypto Strategy](https://news.shib.io/2024/12/11/trump-bitcoin-focus-seeks-to-push-price-to-150000-and-lead-u-s-crypto-strategy/): President-elect Donald Trump is reportedly set to make Bitcoin a central focus of his administration, with expectations of a potential price surge to $150,000 early in his term. According to Axios, sources from the Trump transition team stated that the President-elect considers Bitcoin to be “another stock market,” aligning with his broader vision of positioning the U.S. as a global leader in emerging technologies.  The President-Elect recently expressed his enthusiasm for Bitcoin in a post on Truth Social, his social media platform, celebrating the cryptocurrency’s milestone of reaching a record-breaking $100,000.  “YOU’RE WELCOME!!! Together, we will Make America Great Again!” - [Ripple RLUSD Stablecoin Gains NYDFS Approval, Set to Launch on Exchanges](https://news.shib.io/2024/12/11/ripple-rlusd-stablecoin-gains-nydfs-approval-set-to-launch-on-exchanges/): Ripple Labs CEO Brad Garlinghouse has announced that the company’s RLUSD stablecoin is set to debut on exchanges soon, following its approval by the New York Department of Financial Services (NYDFS) after months of review. Garlinghouse made the announcement in a post on X on December 10. Ripple first unveiled plans for its RLUSD stablecoin in April, positioning it as a competitor to Tether’s USDt and Circle’s USD Coin. The company began testing its RLUSD stablecoin on the XRP Ledger and Ethereum mainnets in August. By October, the company had unveiled collaborations with several cryptocurrency exchanges, including Uphold, Bitstamp, Bitso, - [MicroStrategy Poised for Nasdaq 100 Inclusion Amid Index Shake-Up](https://news.shib.io/2024/12/11/microstrategy-poised-for-nasdaq-100-inclusion-amid-index-shake-up/): Business intelligence and software firm MicroStrategy Inc. is set to be included in the prestigious Nasdaq 100 Index, marking a significant milestone for the company.  According to reports, Moderna, a biotechnology company, along with several other firms, may be replaced in the Nasdaq 100 Index on December 13. This opens an opportunity for MicroStrategy’s potential inclusion. The firm is expected to join the index on December 23, with an official announcement scheduled for Friday, December 13. James Seyffart, an ETF analyst at Bloomberg, stated that ETFs tracking the Nasdaq 100 would likely purchase $2.1 billion worth of MicroStrategy shares. This - [Play With Shib And Win Your Share of a Huge Pot of Shifu Tokens](https://news.shib.io/2024/12/10/play-with-shib-and-win-your-share-of-a-huge-pot-of-shifu-tokens/): The stakes are high, the rewards are massive, and the clock is ticking. Shiba Eternity and Agent Shiboshi players, this is your moment to claim a slice of a gigantic Shifu token prize pool. With a massive pool of $Shifu tokens on the line, these daily tournaments are turning ordinary gameplay into an extraordinary opportunity for rewards. Daily Gameplay, Tangible Rewards The action happens every weekday in the form of exciting daily tournaments. As you compete, you’ll rack up Shifu Airdrop Points, moving you closer to claiming your share of this life-changing prize pool. Every match you play brings you - [Play With Frens And Get Paid: Shiba Eternity Web3 Offers Free $SHIB](https://news.shib.io/2024/12/10/play-with-frens-and-get-paid-shiba-eternity-web3-offers-free-shib/): If you’re new to Shiba Eternity Web3, there’s an exciting opportunity waiting for you! By using a referral code, you can unlock free in-game rewards to kickstart your adventure. Not sure how to get a referral code? We’ve got you covered. Check out this video tutorial to learn step-by-step how to get a code and start earning rewards today: Start your journey the right way and enjoy the perks of being a new player. Happy gaming! - [Get Paid to Play With Frens: Shiba Eternity Web3 Offers $SHIB for Free](https://news.shib.io/2024/12/10/get-paid-to-play-with-frens-shiba-eternity-web3-offers-shib-for-free/): What’s better than playing games and having fun? Playing games, having fun, and earning cryptocurrency while you’re at it! Shiba Eternity Web3 gives players the opportunity to earn real $SHIB by referring others to the game. Whether you’re reaching out to friends, followers, or just anyone interested in joining, the rewards are plentiful. The best part? This referral program benefits both newcomers and seasoned players alike, giving everyone something to look forward to. If you’re already playing Shiba Eternity, the opportunity to boost your crypto wallet with minimal effort is too good to miss. How the Shiba Eternity Web3 Referral - [The Shib News Recap: Tuesday](https://news.shib.io/2024/12/10/the-shib-news-recap-tuesday/): Today’s top crypto news reveals a growing wave of regulatory challenges, the impact thereof on market dynamics, and concerns about user trust in the crypto space. Crypto Regulation News SEC Commissioner Hester Peirce is urging a shift in cryptocurrency regulation and wants to end “Operation Chokepoint 2.0.” She has criticized the government’s restrictions on banking services for the crypto industry, especially in custody. Peirce’s three-part proposal includes ending the Chokepoint, clarifying SEC authority, and working together with the industry. Her emphasis on collaboration could be a significant turning point for crypto regulation. Meanwhile, the Cedar Innovation Foundation (CIF) has launched - [Coinbase Faces Backlash Over Account Restrictions, Poor Support](https://news.shib.io/2024/12/10/coinbase-faces-backlash-over-account-restrictions-poor-support/): Coinbase has addressed customer complaints about account restrictions, but an X Community Note contradicted the company’s response, confirming that accounts were, indeed, being restricted. Over the weekend, numerous Coinbase users took to X to share their frustrations, reporting issues such as being locked out of their accounts and facing difficulties with withdrawals.  In a post on the same platform, Coinbase’s support account issued a thread claiming that many of the complaints were “FUD/misinformation.” The crypto exchange explained that the account restrictions were a result of “a surge of new users and old users re-activating their accounts post-election.” 1/ There’s a - [MicroStrategy Bitcoin Bag Keeps Getting Bigger With $2.1 Billion Buy](https://news.shib.io/2024/12/10/microstrategy-bitcoin-bag-keeps-getting-bigger-with-2-1-billion-buy/): MicroStrategy has bought a whopping 21,550 BTC, adding to their already massive holdings, with a purchase made last week at an average price of $98,783 per Bitcoin. According to its official filing, the business intelligence company’s recent $2.1 billion purchase brings its total Bitcoin holdings to 423,650 BTC, valued at approximately $42 billion. MicroStrategy’s recent acquisition, made between December 2 and December 8, marks the company’s fifth consecutive week of expanding its Bitcoin investments, following its earlier purchase of 15,400 BTC for $1.5 billion at an average price of $95,976 per coin. To finance its latest purchase, MicroStrategy sold around - [Crypto Group Seeks to Block Caroline Crenshaw From SEC Renomination](https://news.shib.io/2024/12/10/crypto-group-seeks-to-block-caroline-crenshaw-from-sec-renomination/): The Cedar Innovation Foundation (CIF), a crypto advocacy group, has launched an advertising campaign opposing the renomination of U.S. Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw.  The organization announced on X that its targeted digital ad campaign would run across various Washington-focused social media platforms. Crenshaw gained notoriety within the crypto community for opposing Bitcoin spot ETFs, labeling crypto markets as a “petri dish” of fraud, and supporting regulations that hinder decentralized finance. “In rushing through the confirmation of Caroline Crenshaw, the Senate is doing an end run around the American people who voted for a pro-crypto mandate,” the - [Iran to Regulate, Not Ban, Cryptocurrencies](https://news.shib.io/2024/12/10/iran-to-regulate-not-ban-cryptocurrencies/): Iran Minister of Economic Affairs and Finance, Abdolnaser Hemmati, has announced plans to implement a regulatory framework for cryptocurrency, opting against imposing blanket restrictions. Speaking at a national event on digital currency, Hemmati emphasized that leveraging digital assets could help address economic challenges, including U.S. sanctions, while also creating job opportunities for the country’s youth. Hemmati cited that cryptocurrencies fall under the authority of the Central Bank of Iran (CBI), which is working on developing a comprehensive regulatory framework for the sector.   The CBI recently introduced its Policy and Regulatory Framework for Cryptocurrencies, which includes new requirements for crypto brokers - [Peter Schiff Urges Biden to Sell U.S. Bitcoin Reserves to Cut Deficit Before Leaving Office](https://news.shib.io/2024/12/10/peter-schiff-urges-biden-to-sell-u-s-bitcoin-reserves-to-cut-deficit-before-leaving-office/): Economist and financial commentator Peter Schiff has sparked attention with his bold suggestion for President Joe Biden to sell all of the U.S. government’s Bitcoin holdings before leaving office. In a post on X, Schiff argued that proceeds from such a sale could help alleviate the 2024 budget deficit. He further stated that this move would put an end to the ongoing discussion about establishing what he considers a “harmful” Strategic Bitcoin Reserve. Should President Biden heed Schiff’s advice, it could undermine President-elect Donald Trump’s plans for the reserve. While the incoming administration could still acquire Bitcoin, it would likely - [SEC's Peirce Calls for End to 'Operation Chokepoint 2.0,' Proposes New Path for Crypto](https://news.shib.io/2024/12/10/secs-peirce-calls-for-end-to-operation-chokepoint-2-0-proposes-new-path-for-crypto/): SEC Commissioner Hester Peirce is pushing for a major shift in cryptocurrency regulation, urging an end to what she calls “Operation Chokepoint 2.0.” Speaking on Fox Business, Peirce outlined a plan to provide clarity for the crypto industry and foster innovation, a move that could reshape the digital asset landscape in the United States. Peirce Blasts Chokepoint 2.0, Lays Out Three-Step Crypto Plan Peirce criticized government efforts to limit the crypto industry’s access to banking services, particularly custody. “Stop the chokepoint aspect of government regulation,” she told Fox Business host Liz Claman.  She argued that clear access to such services - [Amazon Bitcoin Strategy: Washington Think Tank Proposes Bold Move](https://news.shib.io/2024/12/09/amazon-bitcoin-strategy-washington-think-tank-proposes-bold-move/): The National Center for Public Policy Research (NCPPR) has proposed the development of an Amazon Bitcoin strategy, suggesting the topic be discussed during the company’s shareholder meeting in April 2025. In its proposal, the Washington-based conservative think tank recommended that Amazon, which holds cash and cash-equivalent reserves of about $88 billion — including U.S. government, corporate, and foreign bonds — consider adding Bitcoin to its strategic reserve. The policy group stated: “As of December 6, 2024, the price of Bitcoin rose by 131% over the past year, surpassing the average performance of corporate bonds by 126%. Over the last five - [Trump Media Shuts Down Report of $3B Crypto Investment Plan](https://news.shib.io/2025/05/27/trump-media-shuts-down-report-of-3b-crypto-investment-plan/): Trump Media and Technology Group (TMTG), founded by President Donald Trump, has denied reports that it intends to raise $3 billion through equity and convertible bonds to invest in Bitcoin and other cryptocurrencies. The Financial Times recently claimed that Trump Media is preparing to raise the funds, citing information from six individuals said to be familiar with the discussions. In response, TMTG dismissed the report in sharply critical terms, accusing the publication of relying on unreliable sources and referring to its journalists as “dumb writers” taking cues from “even dumber sources.” The report indicated that Trump Media was allegedly preparing - [China Cracks Down on Fake Crypto Accounts Promoting Illegal Trading](https://news.shib.io/2025/05/27/china-cracks-down-on-fake-crypto-accounts-promoting-illegal-trading/): China’s internet regulator, the Cyberspace Administration, has reportedly closed more than a dozen fake crypto accounts and websites accused of disseminating false information about stock and cryptocurrency markets. According to Baidu, these social media accounts were spreading unlawful stock tips and making speculative claims about virtual currency trades. Specifically, the Weibo account “Love Stocks App” and the Douyin account “Value Discoverer” were accused of sharing misleading details regarding institutional transfer arrangements, financing, and margin trading. The WeChat public account “Captain Jack Macro Strategy” circulated false rumors concerning regulatory policies on quantitative funds. Meanwhile, the Baidu Baijia account “Northern Bear Cat” - [New Crypto Kidnapping Risk: Bitcoin Surge Fuels Physical Crimes](https://news.shib.io/2025/05/27/new-crypto-kidnapping-risk-bitcoin-surge-fuels-physical-crimes/): Crypto kidnapping is on the rise, as Bitcoin’s record-breaking surge fuels a chilling wave of physical crimes targeting digital asset holders. Across the U.S. and Europe, masked intruders, violent abductions, and ransom demands in Bitcoin are no longer rare headlines — they’re becoming part of a disturbing new trend. Once confined to the realm of digital scams and phishing, crypto theft has entered the real world. Victims — from high-profile executives to everyday traders — are being stalked, followed, and physically assaulted for access to their wallets. With Bitcoin soaring past historic highs in 2025, the stakes — and the - [X Money Launching Without Crypto Integration](https://news.shib.io/2025/05/27/x-money-launching-without-crypto-integration/): X Money will begin its beta rollout soon, marking a major step toward Elon Musk’s “everything app”—but there’s a notable omission: no crypto. Despite Musk’s vocal enthusiasm for digital assets like Dogecoin, the new payment system launches with only traditional fiat options, and no sign of crypto integration. “This will be a very limited access beta at first,” Musk stated Sunday, emphasizing that “when people’s saving[s] are involved, extreme care must be taken.” The cautious tone suggests that while the fintech dream is moving forward, crypto remains on the sidelines—for now. X Money Takes Shape, Crypto Question Lingers The development - [Blockchain for Digital Identity: How It’s Changing the Game](https://news.shib.io/2025/05/27/blockchain-for-digital-identity-how-its-changing-the-game/): Let’s be real—most of us juggle way too many usernames and passwords. One for your email, five for social media, three more for streaming, shopping, and that one weird app you used once and forgot. Sound familiar? That’s the current state of digital identity for most people: a scattered mess of logins, personal info spread across the internet, and a whole lot of trust placed in companies we barely know. And here’s the thing—those companies don’t always keep our info safe. Data breaches happen. Hackers get in. Our emails, birthdays, even credit card numbers can end up floating around the - [ShibaSwap Maintains High Security Score on CertiK's Skynet Platform](https://news.shib.io/2025/05/26/shibaswap-maintains-high-security-score-on-certiks-skynet-platform/): ShibaSwap, the official decentralized exchange platform of Shiba Inu, holds its ground as a fortress of DeFi security, maintaining a top-tier score on CertiK’s real-time Skynet platform — even as threats across the crypto space continue to evolve. Skynet Score Highlights Robust Defenses The detailed metrics visible on CertiK’s Skynet, a security intelligence engine known for its thorough analysis and often providing continuous monitoring, highlight ShibaSwap’s sustained performance in several key areas. The platform shows particular strength in Community and Governance, both categories currently displaying impressive scores of 98.00.  Market stability also reflects a high score at 96.00. These figures - [Shiba Inu Price Could Be On Its Way To Stunning Path to 450% Surge](https://news.shib.io/2025/05/26/shiba-inu-price-could-be-on-its-way-to-stunning-path-to-450-surge/): The Shiba Inu price, tracked intently by a fervent online community, could be on the verge of a staggering 450 percent climb, as one analyst deciphers bullish omens hidden within its charts. The eye-catching prediction surfaced from JavonTM1, a cryptocurrency analyst who shares his findings on social media platform X (formerly Twitter). He presented a price chart for SHIB, Shiba Inu’s trading symbol, annotated with technical patterns that, in his view, spell out a significant upward trajectory. The chart itself tells a story, a visual chronicle of the coin’s recent struggles and what might be a nascent recovery. For a - [Vitalik Buterin: Ethereum Needs Privacy and Strength to Replace Cash](https://news.shib.io/2025/05/26/vitalik-buterin-ethereum-needs-privacy-and-strength-to-replace-cash/): Ethereum co-founder Vitalik Buterin has emphasized that maintaining resilience and privacy is essential for Ethereum to remain competitive against cash, especially as Nordic countries increasingly revert to cash usage. In a recent post on X, Buterin noted a report indicating that Nordic countries are shifting back to cash amid concerns over the vulnerabilities of centralized digital payment systems. “Cash turns out necessary as a backup,” Buterin wrote. “Ethereum needs to be resilient enough, and private enough, to be able to credibly play this kind of role,” he added. Norway and Sweden were among the earliest nations to embrace the concept - [Scammers Use Fake Ledger Letters to Steal Crypto Wallet Info](https://news.shib.io/2025/05/26/scammers-use-fake-ledger-letters-to-steal-crypto-wallet-info/): Hardware wallet manufacturer Ledger has emerged as the latest target for scammers, who are sending counterfeit letters via traditional mail to cryptocurrency holders, falsely urging them to verify their wallets or face the potential loss of access to their funds. The phishing scheme first came to light after BitGo CEO Mike Belshe raised the alarm in a post on X, sharing an image of the deceptive letter. The document reportedly featured a QR code, which may redirect unsuspecting users to a malicious site aimed at harvesting private keys. “This is a phishing attempt through the US Post Office,” wrote BitGo - [French Court Blocks Pavel Durov Travel Amid Telegram Crime Scandals](https://news.shib.io/2025/05/26/french-court-blocks-pavel-durov-travel-amid-telegram-crime-scandals/): Telegram founder Pavel Durov has been denied permission to travel to Norway by a French court, preventing him from attending the Oslo Freedom Forum, where he was scheduled to speak at a global gathering of human rights activists. According to a blog post by the Human Rights Foundation (HRF), a nonpartisan nonprofit organization, Durov had been invited to deliver a keynote address on May 27, focusing on issues of free speech, surveillance, and digital rights.  In addition to the scheduled speech, HRF and Durov had arranged a series of sideline meetings with human rights defenders from authoritarian regimes to explore - [Crypto Investor John Woeltz Arraigned in Brutal Bitcoin Ransom Kidnapping](https://news.shib.io/2025/05/26/crypto-investor-john-woeltz-arraigned-in-brutal-bitcoin-ransom-kidnapping/): Crypto investor John Woeltz has been arraigned in Manhattan criminal court on charges of kidnapping and repeatedly assaulting an Italian tourist in an alleged attempt to extract the victim’s Bitcoin password. According to The New York Times, Woeltz was taken into custody on Friday after the alleged victim escaped and alerted authorities. Investigators reportedly discovered Polaroid photographs inside Woeltz’s residence that appeared to document the acts of torture. Reports indicated that Woeltz, along with two alleged accomplices, detained and tortured the Italian tourist after seizing the victim’s electronic devices and passport. The abuse reportedly began and escalated over several weeks - [Crypto and Blockchain 101: A Smart Beginner’s Guide for Teens](https://news.shib.io/2025/05/26/crypto-and-blockchain-101-a-smart-beginners-guide-for-teens/): Alright, let’s start with the basics. Cryptocurrency is a type of digital money that you can use to buy stuff or trade online — but unlike the cash in your wallet or coins in your piggy bank, it’s completely digital. When we talk about crypto and blockchain, cryptocurrency is the star player. It’s money that lives on the internet, protected by really smart math and computer code. You’ve probably heard of Bitcoin — it’s the very first and most famous cryptocurrency. Think of Bitcoin like digital gold. Then there’s Ethereum, another big name, which is a bit more than just - [Senators Push to Block Trump From Profiting Off GENIUS Act](https://news.shib.io/2025/05/23/senators-push-to-block-trump-from-profiting-off-genius-act/): Democratic Senators have prepared to introduce an amendment to the recently advanced GENIUS Act in the Senate, aiming to address President Donald Trump’s ties to the cryptocurrency sector. Senate Minority Leader Chuck Schumer, along with Senators Jeff Merkley and Elizabeth Warren, are reportedly set to introduce an amendment to the GENIUS Act aimed at preventing the U.S. president and other officials from financially benefiting from stablecoins. According to Axios, the proposed measure comes as the Guiding and Establishing National Innovation for US Stablecoins Act, widely referred to as the GENIUS Act cleared a key hurdle on May 20, after initially - [AIxCrypto: Convergence or Collision](https://news.shib.io/2025/05/23/https-magazine-shib-io-article-aixcrypto-convergence-or-collision/): Read the latest edition of The Shib Magazine here. - [US Tourist Drugged by Fake Uber, Suffers $123K in Crypto Theft](https://news.shib.io/2025/05/23/us-tourist-drugged-by-fake-uber-suffers-123k-in-crypto-theft/): An American tourist in the United Kingdom has reportedly fallen victim to a crypto theft, in which a suspected fake Uber driver drugged the individual and stole $123,000 in Bitcoin. According to the British news outlet My London, Jacob Irwin-Cline requested an Uber after consuming several drinks at a London bar. However, Cline did not carefully verify the ride details on his phone and was instead picked up by a private cab driver. Although the driver initially appeared similar to the Uber driver, Cline only realized the vehicles were different after the incident had taken place. During the ride, the - [CFTC May Approve Crypto Perpetual Futures Amid Leadership Shakeup](https://news.shib.io/2025/05/23/cftc-may-approve-crypto-perpetual-futures-amid-leadership-shakeup/): Summer Mersinger, a Commissioner of the Commodity Futures Trading Commission (CFTC) has indicated that the agency may be on the verge of approving crypto perpetual futures products in the U.S., as internal leadership changes continue to unfold. “I think those can come to market now, and we’re seeing some applications, and I believe we’ll have some of those products trading live very soon,” Mersinger stated in an interview on Thursday with Bloomberg TV.  Mersinger added that introducing these products could offer significant advantages not only for the broader cryptocurrency sector but also for the U.S. economy as a whole. Perpetual - [Unicoin Execs Charged by SEC Over $100M Crypto Fraud Scheme](https://news.shib.io/2025/05/23/unicoin-execs-charged-by-sec-over-100m-crypto-fraud-scheme/): The U.S. Securities and Exchange Commission (SEC) has accused crypto firm Unicoin, Inc. and three senior executives of deceiving investors with false claims tied to certificates allegedly linked to future crypto asset payouts. According to a press release from the Commission, Unicoin allegedly misled investors through the promotion of certificates that were said to grant rights to receive Unicoin tokens—a form of crypto asset—as well as through an offering of the company’s common stock. “We allege that Unicoin and its executives exploited thousands of investors with fictitious promises that its tokens, when issued, would be backed by real-world assets including - [Blockchain and Smart Contracts: Trust in a Trustless World](https://news.shib.io/2025/05/23/blockchain-and-smart-contracts-trust-in-a-trustless-world/): Picture this: You’re selling your old laptop online. You find a buyer, agree on a price, and shake virtual hands. But wait—how do you know they’ll actually send the money after getting the laptop? And how do they know you won’t just ghost them once they pay? Normally, you’d need middlemen—maybe a payment processor or even a lawyer. But with smart contracts, you can skip all that. These blockchain-powered agreements execute themselves, making sure both sides hold up their end of the deal—automatically. Now imagine a world where deals like that could go through without delays, third parties, or trust - [Hong Kong Approves Stablecoin Bill, Licensing to Start by Year-End](https://news.shib.io/2025/05/22/hong-kong-approves-stablecoin-bill-licensing-to-start-by-year-end/): The Legislative Council of Hong Kong has approved the Stablecoin Bill in its third reading, paving the way for major institutions to apply to the Hong Kong Monetary Authority for licenses to issue stablecoins by year-end. On May 21, Legislative Council member Johnny Ng Kit-Chong noted in an X post that the bill’s approval represents a key milestone in advancing Web3 globally and positions the country to emerge as a leading international hub for Web3 innovation. Ng emphasized that Hong Kong’s stablecoins are fully backed by fiat currency reserves and encouraged global businesses and institutions interested in issuing stablecoins to - [Texas Moves Closer to Creating Its Own Bitcoin Reserve Fund](https://news.shib.io/2025/05/22/texas-moves-closer-to-creating-its-own-bitcoin-reserve-fund/): The Texas House of Representatives has advanced Senate Bill 21 with a 101-42 vote on its third reading, bringing the state one step closer to creating an official Bitcoin reserve. If signed into law, the measure would authorize the Texas comptroller to oversee the reserve. The proposed legislation aiming to create a strategic Bitcoin reserve in Texas is now headed to Governor Greg Abbott’s desk, where he will decide whether to sign it into law or issue a veto.  If signed into law, SB 21 would authorize Texas Comptroller Glenn Hegar to invest in cryptocurrencies that have maintained a market - [Apple Teams with Synchron to Bring Mind-Control to iPhones and iPads](https://news.shib.io/2025/05/22/apple-teams-with-synchron-to-bring-mind-control-to-iphones-and-ipads/): Tech juggernaut Apple Inc. has teamed up with neurotechnology firm Synchron to pioneer innovative products like iPhones and iPads that could eventually be operated through brain implants, signaling a bold step toward integrating cutting-edge neural interfaces with everyday devices. This initiative is focused on helping individuals with physical disabilities control their Apple devices using thought commands. The technology leverages Synchron’s stent-like implant, which is positioned on the motor cortex of the brain, enabling seamless interaction with iPhones and iPads through neural signals. The device, known as Stentrode, captures motor signals from the brain and sends them wirelessly to an external - [KFC’s Driverless Food Trucks Serve Hot Meals With Zero Staff](https://news.shib.io/2025/05/22/kfcs-driverless-food-trucks-serve-hot-meals-with-zero-staff/): Kentucky Fried Chicken (KFC), the globally recognized fast-food giant known for its “Finger Lickin’ Good” chicken, has deployed driverless food trucks in China as part of its push toward tech-powered convenience. Amid the global COVID-19 pandemic, businesses worldwide sought innovative, contactless service solutions to minimize physical interaction. KFC responded by deploying driverless food trucks, allowing customers to place orders via touchscreen and complete payments using QR codes.  The driverless food trucks, developed by Chinese tech firm Neolix, are equipped with built-in heaters and stocked with freshly prepared KFC meals. Once a customer completes payment, the vehicle’s compartment door automatically opens, - [Web3 Security: How to Safeguard Your Data and Digital Assets](https://news.shib.io/2025/05/22/web3-security-how-to-safeguard-your-data-and-digital-assets/): Welcome to the world of Web3 security —your new best friend in the next generation of the internet. Web3 is shaking things up by giving users control over their own data and digital assets, cutting out the middlemen like big tech companies and centralized platforms.  Think of it as the internet’s evolution, where blockchains and decentralized apps (dApps) power everything from finance to social media, making your online experience more private and secure—if you know how to protect yourself.  But with this freedom comes a new set of challenges. Unlike the old internet, where companies mostly handled security for you, - [Binance Moves to Dismiss $1.76B FTX Lawsuit, Blames SBF Fraud](https://news.shib.io/2025/05/21/binance-moves-to-dismiss-1-76b-ftx-lawsuit-blames-sbf-fraud/): Crypto exchange Binance has moved to dismiss a $1.76 billion lawsuit brought by now-defunct crypto exchange FTX, arguing that the claims unjustly hold the company and its former CEO, Changpeng Zhao, responsible for FTX’s collapse. In a May 16 filing submitted to the Delaware Bankruptcy Court, Binance’s lawyers described the lawsuit as “legally deficient,” arguing that FTX’s downfall stemmed from internal mismanagement and misconduct rather than any alleged market manipulation or hostile actions by Binance. “Plaintiffs allege that a series of November 2022 “Tweets”—posted on the accounts of Binance’s former CEO, Defendant Changpeng Zhao, and the “@binance” account, in the - [Hester Peirce Says Many NFTs Don’t Meet Securities Criteria](https://news.shib.io/2025/05/21/many-nfts-dont-meet-securities-criteria-hester-peirce/): U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has stated that many non-fungible tokens (NFTs) don’t carry the economic rights typical of securities, amid ongoing debates over how to regulate digital assets. At the SEC Speaks event on May 19, the head of the SEC’s Crypto Task Force noted that while most NFTs may not meet the definition of securities, some tokens structured to provide ongoing compensation to creators could potentially fall outside the purview of federal securities regulations. “These NFTs are powered by smart contracts, which can be programmed to transmit automatically a portion of the sale price - [Won-Backed Stablecoin Proposed by South Korean Presidential Frontrunner](https://news.shib.io/2025/05/21/won-backed-stablecoin-proposed-by-south-korean-presidential-frontrunner/): South Korean presidential candidates have expressed a desire to strengthen cryptocurrency policies, with plans that include introducing a won-backed stablecoin to help position digital assets as a key driver of future economic growth and bridge digital finance with traditional markets. According to a report by The Korea Herald, Democratic Party of Korea presidential candidate Lee Jae-myung, who is currently leading in the polls, proposed the development of a won-backed stablecoin market. Lee frames this initiative as a strategic measure to curb capital outflows and strengthen the domestic digital finance ecosystem.  “We need to establish a won-backed stablecoin market to prevent - [Indian Supreme Court Pressures Government to Draft Crypto Regulations](https://news.shib.io/2025/05/21/indian-supreme-court-pressures-government-to-draft-crypto-regulations/): The Indian Supreme Court has questioned the central government for its continued inaction on regulating cryptocurrencies, warning that the lack of a clear legal framework has enabled widespread misuse and uncertainty in the sector. India’s Supreme Court raised concerns over the lack of a regulatory framework for cryptocurrencies, even as the government continues to tax digital assets like Bitcoin (BTC). According to a report by Bar and Bench, Justices Surya Kant and NK Singh stated that while an outright ban on cryptocurrencies may not be economically prudent, there is a pressing need for clear regulations and supervisory mechanisms to address - [Metaverse Investing: Big Opportunities, Real Risks to Consider](https://news.shib.io/2025/05/21/metaverse-investing-big-opportunities-real-risks-to-consider/): Metaverse investing is blowing up—and not just among crypto bros and tech geeks. From Wall Street to Silicon Valley, everyone’s buzzing about the metaverse: a digital universe where people can buy virtual land, rock designer NFTs, attend concerts, and even build virtual businesses. It’s part game, part social network, part sci-fi dream—and it’s quickly becoming one of the hottest spaces for investors to explore. So why all the hype? Tech giants see the metaverse as the next big thing after the internet itself. Investors are eyeing everything from digital real estate to virtual fashion to tokens that power these online - [SEC Chair Atkins Says Crypto Markets Have Long Been in Regulatory Limbo](https://news.shib.io/2025/05/20/sec-chair-atkins-says-crypto-markets-have-long-been-in-regulatory-limbo/): Paul Atkins, newly appointed Chair of the U.S. Securities and Exchange Commission (SEC), has addressed regulatory concerns surrounding the cryptocurrency sector in a recent speech. In prepared remarks at the SEC Speaks conference, Atkins signaled a shift in the agency’s approach to digital assets, declaring it “a new day” for the crypto industry under his leadership. He emphasized the Commission’s willingness to adapt to emerging technologies while remaining consistent with its statutory obligations. “The crypto markets have been languishing in SEC limbo for years,” Atkins stated. Atkins also revealed that he has instructed staff across the SEC’s policy divisions to - [Senate Advances GENIUS Act to Regulate $250B Stablecoin Market](https://news.shib.io/2025/05/20/senate-advances-genius-act-to-regulate-250b-stablecoin-market/): The U.S. Senate has cleared a key procedural hurdle for the GENIUS Act, voting 66-32 to advance the stablecoin regulation bill to floor debate, following initial resistance from Democratic lawmakers citing conflicts tied to former President Donald Trump’s crypto activities. The GENIUS Act cleared a procedural vote in the U.S. Senate on May 19. Democratic Senators Mark Warner, Ruben Gallego, and Adam Schiff reversed their earlier positions and voted in favor of advancing the GENIUS Act, helping secure the necessary support to invoke cloture. On May 8, the Senate held its initial cloture vote on the GENIUS Act, during which - [Coinbase Hack Triggers DOJ Probe Into $400M Data Breach](https://news.shib.io/2025/05/20/coinbase-hack-triggers-doj-probe-into-400m-data-breach/): The U.S. Department of Justice (DOJ) has reportedly launched an investigation into Coinbase Global’s contracted customer service representatives in India, following allegations that some agents accepted bribes to grant criminals unauthorized access to user data, leading to multiple social engineering attacks. According to a report by Bloomberg, DOJ investigators are probing a data breach involving customer support contractors who misused their system access to steal account information from a limited number of customers. The contractors involved have since been terminated. “We have notified and are working with the DOJ and other US and international law enforcement agencies and welcome law - [Circle Weighs $5B Sale to Coinbase or Ripple Amid IPO Uncertainty](https://news.shib.io/2025/05/20/circle-weighs-5b-sale-to-coinbase-or-ripple-amid-ipo-uncertainty/): Circle Internet Group, the company behind the USDC stablecoin, has reportedly engaged in “informal talks” with major crypto firms Ripple Labs and Coinbase Global about a potential acquisition, even as it continues preparations for an initial public offering (IPO). The talks come amid shifting market dynamics and growing competition in the stablecoin space. According to a report by Fortune, four banking and private equity sources have indicated that Circle is aiming for a sale valuation of at least $5 billion, which aligns with the company’s target for its upcoming IPO. On April 30, Ripple reportedly made a bid to acquire - [Web3 and the Creator Economy: Powering Creators & Communities](https://news.shib.io/2025/05/20/web3-and-the-creator-economy-powering-creators-communities/): Welcome to the world of Web3 — the next big leap for the internet that’s shaking things up for creators everywhere. If you’ve ever dreamed of being your own boss, sharing your art, music, or ideas with fans, and actually getting paid fairly for it, then you’re already part of the creator economy. This booming movement is all about people turning their passions into careers, but there’s a new player making waves: Web3. So, what exactly is Web3? Think of it as the internet’s cooler, more independent cousin. Unlike the old internet where big companies called most of the shots, - [Shibarium Builder Spotlight: Tutti Frutti Women Crafts Hope from Art and Code](https://news.shib.io/2025/05/19/shibarium-builder-spotlight-tutti-frutti-women-crafts-hope-from-art-and-code/): A project named Tutti Frutti Women is making its mark on Shibarium, not with market hype, but with a mission rooted in grief and ignited by love. This Shibarium Builder Spotlight illuminates their work: an NFT collection channeling art into real-world support for cancer warriors. Andreia, co-founder alongside Robi, saw Shibarium as a natural fit. “I’ve been part of the Shib fam for many years,” she said. The project, first on Ethereum, brought its colorful digital art to Shibarium in January 2024. For Andreia, it’s deeply personal. The collection was “born from the heart—to cherish cancer warriors and honor our - [Panama City Mayor Teases Bitcoin Reserve After El Salvador Meeting](https://news.shib.io/2025/05/19/panama-city-mayor-teases-bitcoin-reserve-after-el-salvador-meeting/): Mayer Mizrachi, mayor of Panama City, has seemingly expressed support for creating a city-level Bitcoin reserve after meeting with two of El Salvador’s leading Bitcoin policy officials this week. In a brief post on X, Mizrachi wrote “Bitcoin Reserve” following his meeting with prominent Bitcoin advocates Max Keiser and Stacy Herbert. He did not provide further details about the discussion. The timing of Mizrachi’s post is notable, coming just over a week before the Bitcoin 2025 conference in Las Vegas, where he is slated to deliver a speech.  On April 15, 2025, the Panama City Council approved a measure allowing - [Binance and Kraken Thwart Coinbase-Style Phishing Attacks](https://news.shib.io/2025/05/19/binance-and-kraken-thwart-coinbase-style-phishing-attacks/): Crypto exchanges Binance and Kraken have reportedly fallen victim to phishing attacks similar to those recently targeting Coinbase, raising concerns over growing cybersecurity threats in the cryptocurrency sector. According to a Bloomberg report, the crypto exchanges confirmed that no customer data was compromised during these attacks. Robust internal security measures played a key role in preventing any breaches. The report also revealed that, in a filing with the U.S. Securities and Exchange Commission (SEC), Coinbase disclosed that cybercriminals had bribed offshore customer service agents to obtain access to user data and account management information. Coinbase disclosed that the attackers aimed - [Telegram CEO Pavel Durov Rejects EU Pressure to Censor Election Content](https://news.shib.io/2025/05/19/telegram-ceo-pavel-durov-rejects-eu-pressure-to-censor-election-content/): Pavel Durov, founder of the cloud-based messaging app Telegram, has revealed that he has resisted demands from a European Union (EU) country to censor political content on the platform before Romania’s presidential elections on May 18. “Telegram will not restrict the freedoms of Romanian users or block their political channels,” Durov stated in a post on X, revealing that Telegram was contacted by an unnamed EU country—hinted at with a baguette emoji—to request censorship. Durov further emphasized that one cannot “defend democracy” by destroying democracy. “You can’t “fight election interference” by interfering with elections. You either have freedom of speech - [UK to Require Crypto Firms to Report All Transactions by 2026](https://news.shib.io/2025/05/19/uk-to-require-crypto-firms-to-report-all-transactions-by-2026/): The UK government has introduced new guidelines requiring crypto firms to collect and report detailed data on all customer trades and transfers, aiming to enhance transparency and improve tax compliance within the sector. According to a guidance issued by HM Revenue and Customs (HMRC), the mandatory collection of user and transaction data by crypto firms will take effect on January 1, 2026. However, the government is encouraging companies to begin gathering this information in advance to ensure a smooth transition to the new reporting requirements. Crypto firms will be required to collect and report detailed information for each transaction, including - [Crypto Taxes: A Guide to Filing Your Taxes](https://news.shib.io/2025/05/19/crypto-taxes-a-guide-to-filing-your-taxes/): If you’re involved in cryptocurrencies like Bitcoin or Ethereum, it’s important to understand how crypto taxes work. Just like with regular money, the government expects you to report certain crypto activities so taxes can be calculated properly. Knowing the basics about crypto taxes will help you avoid unexpected issues and make filing your taxes smoother. Anyone who buys, sells, trades, or earns cryptocurrency usually needs to report these activities on their tax returns. Even if you’re just using crypto to pay for things or receiving it as income, it might count for tax purposes. In simple terms, a taxable event - [Coinbase Fires Support Agents Linked to Data Leak and Crypto Scams](https://news.shib.io/2025/05/16/coinbase-fires-support-agents-linked-to-data-leak-and-crypto-scams/): Crypto exchange Coinbase has reportedly terminated several Indian customer support agents following allegations that they were involved in a social engineering scheme that gave bad actors unauthorized access to customer accounts. According to Fortune, Coinbase Chief Security Officer Philip Martin revealed that the company identified and flagged certain third-party customer support contractors suspected of granting scammers unauthorized access to user data. “Criminals targeted our customer support agents overseas. They used cash offers to convince a small group of insiders to copy data in our customer support tools for less than 1% of Coinbase monthly transacting users,” the crypto exchange shared - [Gary Gensler Backed Crypto in Private, Says Former Rep. Patrick McHenry](https://news.shib.io/2025/05/16/gary-gensler-backed-crypto-in-private-says-former-rep-patrick-mchenry/): Former Representative Patrick McHenry has revealed that Gary Gensler, former chair of the U.S. Securities and Exchange Commission (SEC), privately expressed support for cryptocurrency—even as his public actions painted a far more hostile picture. In a May 13 episode of the Crypto in America podcast, McHenry stated that Gensler conveyed a more nuanced perspective on digital assets in private than his public comments suggested. When asked whether the former SEC chair was as openly critical of crypto behind closed doors as he appeared in public, McHenry responded succinctly, “Nope.” McHenry noted that during his tenure at Massachusetts Institute of Technology - [Cryopreservation Startup Freezes Bodies, Promises Future Revival](https://news.shib.io/2025/05/16/cryopreservation-startup-freezes-bodies-promises-future-revival/): German biotech startup, Tomorrow Bio, has launched cryopreservation services that promise to preserve the human body after death in hopes of a future revival—reigniting age-old dreams of immortality with a modern, high-tech twist. The biotech startup is transforming a long-standing sci-fi concept into a scientific endeavor. The company offers cryopreservation services that involve cooling the body to ultra-low temperatures shortly after legal death, with the aim of preserving it until future medical technologies may allow for revival and treatment. Cryopreservation at Tomorrow Bio involves rapidly cooling the human body to approximately -198 degrees Celsius, initiating a state known as “biostasis.” - [Elon Musk Foresees Humanoid Robots Rising—and AI Risks Ahead](https://news.shib.io/2025/05/16/elon-musk-foresees-humanoid-robots-rising-and-ai-risks-ahead/): Tesla CEO Elon Musk has said the future will be filled with humanoid robots —possibly in the tens of billions—arguing they could reshape the global economy and become a dominant force in everyday life. Speaking at the U.S.-Saudi Investment Forum in Riyadh on Tuesday, Musk suggested that personal humanoid robots could become so advanced and widespread that individuals may eventually desire one of their own. “You can think of it like having your own personal C-3PO or R2-D2 — but even better,” Musk said, referring to the lovable “Star Wars” characters. According to Business Insider, Musk stated that the rapid - [Shibarium Builder Spotlight: Positions Exchange Debuts Perp Trading](https://news.shib.io/2025/05/15/shibarium-builder-spotlight-positions-exchange-debuts-perp-trading/): A new era for advanced trading on Shibarium is dawning as Positions Exchange makes its official debut. This Shibarium Builder Spotlight focuses on its launch, bringing a native perpetual contracts platform live on the testnet, designed to offer leveraged trading exclusively within the ecosystem. Perpetual contracts, which allow traders to speculate on asset prices with leverage, represent a sophisticated segment of the cryptocurrency market. According to Chandan Kumar, representing the Positions Exchange team, Shibarium had previously lacked a dedicated, native infrastructure for such financial instruments. “Positions Exchange is a native perpetual DEX on Puppynet (Shibarium testnet) that enables leveraged trading - [FDA, OpenAI in Talks on AI Drug Review Amid Oversight Concerns](https://news.shib.io/2025/05/15/fda-openai-in-talks-on-ai-drug-review-amid-oversight-concerns/): OpenAI has engaged in discussions with the U.S. Food and Drug Administration (FDA) regarding the agency’s efforts to expand its use of artificial intelligence (AI) to accelerate drug evaluations, amid broader plans to integrate AI more widely across its centers. OpenAI and the U.S. Food and Drug Administration have reportedly been in discussions over a potential AI initiative known as “cderGPT,” according to Wired. The tool is said to be designed for the FDA’s Center for Drug Evaluation, with the goal of exploring how artificial intelligence might support the agency’s efforts to streamline drug review and approval processes. FDA Commissioner - [French Minister Calls Crypto Security Meeting After Kidnapping Attempt](https://news.shib.io/2025/05/15/french-minister-calls-crypto-security-meeting-after-kidnapping-attempt/): France’s Interior Minister, Bruno Retailleau, has announced plans to meet with cryptocurrency professionals this Friday to address rising security concerns following a recent kidnapping attempt and other crimes linked to the crypto sector. The meeting was prompted by a recent attempted abduction involving the daughter and grandson of Pierre Noizat, CEO and co-founder of the crypto exchange platform Paymium. As reported by France 24, Retailleau is scheduled to meet with members of the cryptocurrency industry to explore additional measures aimed at preventing ransom-related kidnappings, following a series of high-profile incidents across France. “I will assemble businesspeople working in cryptocurrencies, and - [GENIUS Act Revival Backed by Brian Armstrong, 60 Crypto Execs](https://news.shib.io/2025/05/15/genius-act-revival-backed-by-brian-armstrong-60-crypto-execs/): Coinbase CEO Brian Armstrong signaled that the U.S. Senate may soon revisit the GENIUS Act, a proposed bill aimed at regulating stablecoins, after it failed to gain enough support in an initial vote on May 8. In a May 14 X post, Armstrong shared that nearly 60 cryptocurrency founders had traveled to Washington, DC, to advocate for the Senate’s consideration of the GENIUS Act, a market structure bill also progressing through the House of Representatives. Their presence emphasizes the growing involvement of the crypto community in shaping upcoming legislation. Armstrong suggested that the Senate may hold another vote on the - [Yuga Labs Sells CryptoPunks to Infinite Node Foundation for $20M](https://news.shib.io/2025/05/15/yuga-labs-sells-cryptopunks-to-infinite-node-foundation-for-20m/): Yuga Labs, best known for creating the Bored Ape Yacht Club (BAYC) NFT collection, has sold the intellectual property (IP) rights to the CryptoPunks NFT collection to the Infinite Node Foundation (NODE), a non-profit organization dedicated to supporting digital art. NODE announced the acquisition in a May 13 X post, revealing that, along with the IP rights, it also received a $25 million endowment — an amount the organization claims exceeds the total digital art funding of all major U.S. cultural institutions to date. “This transition isn’t about ownership, but liberation. Freed from corporate friction and limitations, the Punk ethos - [Crypto Investing for Beginners: Building Your Portfolio](https://news.shib.io/2025/05/15/crypto-investing-for-beginners-building-your-portfolio/): So, you’ve been hearing about crypto investing and decided it’s time to figure out what all the fuss is about. Welcome aboard! Whether you’re here because your friend won’t stop talking about Bitcoin, or you just want to understand how people are making money (or memes) off digital coins, this guide is your starting line. At its core, crypto investing means putting your money into digital currencies like Bitcoin, Ethereum, or other altcoins with the hope that they’ll grow in value over time. But like any investment, it’s not just about jumping in and picking random coins—it’s about building a - [Senators Push Fix to Crypto Tax Policy Before It’s Too Late](https://news.shib.io/2025/05/14/senators-push-fix-to-crypto-tax-policy-before-its-too-late/): x U.S. Senators Cynthia Lummis and Bernie Moreno have urged Treasury Secretary Scott Bessent to swiftly revise a key tax policy definition that they argue is obstructing how American companies manage digital assets. In a letter dated May 12, Senators Lummis and Moreno urged Bessent to revise the current interpretation of “adjusted financial statement income” under existing U.S. law. They argued that the Treasury Department holds the power to modify the definition in a manner that would ease the tax burden on digital asset companies and called on Bessent to make use of that authority. The senators put forward the - [Paris Kidnapping Attempt Targeted Crypto Entrep's Family](https://news.shib.io/2025/05/14/paris-kidnapping-attempt-targeted-crypto-entreps-family/): Armed assailants in Paris have reportedly carried out a kidnapping attempt on the daughter and grandson of a well-known French cryptocurrency entrepreneur, adding to the growing wave of violence targeting prominent figures in the digital asset world. Four masked assailants reportedly targeted a couple and their child in Paris’s 11th district, resulting in minor injuries for all three victims, who were later taken to a nearby hospital, according to France 24. Surveillance footage from the scene captured three masked individuals emerging from a van and attempting to forcefully drag a woman and her child into the vehicle. The woman’s partner, - [South Korea Digital Asset Committee Launches Task Force for Crypto Rules](https://news.shib.io/2025/05/14/south-korea-digital-asset-committee-launches-task-force-for-crypto-rules/): South Korea’s Democratic Party has established a new Digital Asset Committee aimed at shaping national cryptocurrency policy and fostering growth within the digital asset sector. The committee, created as part of the Democratic Party’s election campaign efforts, convened for a meeting on May 13 at the National Assembly Members’ Hall in Seoul.  The committee is expected to take the lead in shaping digital asset policies by drafting campaign pledges, proposing legislation, and developing regulatory frameworks. Initial discussions have reportedly centered on the Basic Digital Asset Act — often referred to as the “Stage 2 Bill.” Additionally, Rep. Min Byeon-deok is - [Thailand to Launch $150M G-Token for Public Investors](https://news.shib.io/2025/05/14/thailand-to-launch-150m-g-token-for-public-investors/): Thailand’s Finance Ministry has announced plans to launch 5 billion baht (roughly $150 million) worth of digital investment assets under the name “G-Token,” with distribution expected within the next two months. Thai Finance Minister Pichai Chunhavajira revealed the initiative during a briefing on Tuesday, following the cabinet’s official approval of the plan. The G-Token is designed to offer investors the potential for higher returns compared to traditional bank deposits. While it will serve as a tool for raising public funds under the government’s current budget borrowing strategy, officials clarified that it will not be classified as a debt instrument. Furthermore, - [SHEboshis: Shiba Inu NFTs with Unique Utility and Design](https://news.shib.io/2025/05/14/sheboshis-shiba-inu-nfts-with-unique-utility-and-design/): In the wild world of NFTs, there’s always something new brewing—but some collections stick around and reshape the space. SHEboshis have been part of the Shiba Inu universe for a while now, and they’ve done exactly that. As the female counterpart to the original SHIBOSHIS, they brought more than just new looks—they introduced fresh energy, expanded utility, and a stronger sense of community. From the start, SHEboshis stood out. Their unique designs gave collectors new ways to express themselves, while their built-in token functionality added value beyond just visuals. They didn’t just mirror what came before—they pushed things forward, proving - [Truth Social Denies Meme Coin Launch Rumors](https://news.shib.io/2025/05/13/truth-social-denies-rumors-of-launching-meme-coin/): Truth Social, the social media platform linked to President Donald Trump, has refuted recent rumors claiming it would be launching a meme coin, addressing the speculation circulating online. In an official post on Truth Social, the platform dismissed the rumors as “fake news.” “Contrary to rumors, Truth Social is not launching a [meme coin],” the post wrote.  Donald Trump Jr., the eldest son of President Trump, also refuted the claims regarding the social media platform’s alleged launch of a meme coin in a post on X. “There’s no truth whatsoever about Truth Social launching a [meme coin].  Don’t be fooled - [Trump-Linked American Bitcoin to Go Public in Gryphon Merger Deal](https://news.shib.io/2025/05/13/trump-linked-american-bitcoin-to-go-public-in-gryphon-merger-deal/): American Bitcoin has officially gone public following a stock-for-stock merger with Gryphon Digital Mining, uniting the two crypto mining firms under the American Bitcoin name. The combined entity will be overseen by American Bitcoin’s board of directors, which includes Eric Trump. According to an official announcement, the board of directors for the newly merged company will include Mike Ho, Asher Genoot, Justin Mateen, and Michael Broukhim, with Mike Ho and Matt Prusak also joining the executive team. The combined entity is expected to trade on Nasdaq under the ticker symbol “ABTC”. “This transaction marks the next step in scaling American - [Florida Teens Charged After $4M Crypto Kidnapping in Nevada Desert](https://news.shib.io/2025/05/13/florida-teens-charged-after-4m-crypto-kidnapping-in-nevada-desert/): Three Florida teens are facing serious allegations after reportedly abducting a man at gunpoint following a cryptocurrency event in Las Vegas. The suspects are accused of stealing digital assets valued at approximately $4 million, including cryptocurrency and non-fungible tokens (NFTs). According to a report by local Las Vegas outlet 8 News Now, 16-year-olds Austin Fletcher and Belal Ashraf of Pasco County, Florida, along with a third unidentified teen, have been charged with robbery, kidnapping, and extortion. Fletcher and Ashraf have been formally certified to stand trial as adults, following a ruling by a juvenile court judge.  By the time Fletcher’s - [SEC Chair Atkins Vows 2025 Regulatory Framework for Crypto Markets](https://news.shib.io/2025/05/13/sec-chair-atkins-vows-2025-regulatory-framework-for-crypto-markets/): U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins has reaffirmed both his and the agency’s commitment to developing a clear and comprehensive regulatory framework for cryptocurrencies, emphasizing the need for investor protection, market integrity, and innovation within the rapidly evolving digital asset space. During a roundtable hosted by the commission on May 12 titled “Tokenization: Moving Assets Onchain: Where TradFi and DeFi Meet,” prominent figures from the digital asset industry, including Cynthia Lo Bessette, Head of Digital Asset Management at Fidelity Investments, Johnny Reinsch, Director of the Token Asset Coalition, and Johann Kerbrat, General Manager of Robinhood Crypto, participated - [Teen Money Tips 2025: Crypto vs Savings – What Builds Wealth?](https://news.shib.io/2025/05/13/teen-money-tips-2025-crypto-vs-savings-what-builds-wealth/): You finally got paid—whether it’s from walking dogs, selling art on IG, or convincing your parents that taking out the trash deserves compensation. Now you’re staring at that sweet stack of cash and wondering: Do I save this? Do I invest? Can I buy that limited-edition drop? Welcome to teen money tips, where we figure out how to stretch your money without putting you to sleep. The truth? Teens in 2025 have more money tools than ever—savings accounts, crypto apps, investing platforms… it’s like having a financial buffet and no idea what to load on your plate. That’s where we - [Bone ShibaSwap Chart Shows Potential ~109% Surge](https://news.shib.io/2025/05/12/bone-shibaswap-chart-shows-potential-109-surge/): A classic chart pattern for Bone ShibaSwap is catching the eye of a crypto trader, hinting the token may be building momentum for a significant price increase, potentially more than doubling its recent valuation. Bone ShibaSwap ($BONE), a component of the wider Shiba Inu cryptocurrency ecosystem, is currently the subject of technical analysis suggesting a notable upside. After a period of declining value, common across many digital assets, specific formations on its price chart were interpreted by a crypto trader as potential harbingers of a bullish reversal. Bone ShibaSwap primarily serves as the token for transaction fees on Shibarium, Shiba - [Dark Stablecoins: A Defiant Answer to Tighter Rules?](https://news.shib.io/2025/05/12/dark-stablecoins-a-defiant-answer-to-tighter-rules/): A new class of stablecoin is rising—not with regulatory approval, but in defiance of it. Censorship-proof and state-resistant, these ‘dark stablecoins’ promise financial privacy just as governments begin to tighten the noose. Regulation Looms for Digital Dollars Stablecoins once moved crypto across borders with little fuss. These tokens, often pegged to the U.S. dollar and backed by bank reserves, are now squarely in the sights of regulators.  From the United States to Europe, rules are tightening. The view of stablecoins as simple, neutral bridges between the internet and traditional money is being challenged. “Stablecoins are a choke point for Bitcoin, - [Shiba Inu Price: Bullish Signal Points to ~105% 'Additional Recovery'](https://news.shib.io/2025/05/12/shiba-inu-price-bullish-signal-points-to-105-additional-recovery/): The Shiba Inu price, a subject of much online discussion, is drawing fresh attention from market analysts. One such observer, citing technical chart patterns, suggests the popular meme-inspired cryptocurrency might be poised for a significant upward move, potentially more than doubling from its recent recovery. Shiba Inu, often traded under the symbol SHIB, has shown a recent burst of activity, climbing nearly 30 percent in the past few days. This rebound has not gone unnoticed.  Javon Marks (@JavonTM1 on X), a crypto analyst who shares his findings on the social media platform, commented on this development. “$SHIB (Shiba Inu)’s been - [Trump Ousts Copyright Chief Amid Clash Over AI and Creator Rights](https://news.shib.io/2025/05/12/trump-ousts-copyright-chief-amid-clash-over-ai-and-creator-rights/): Shira Perlmutter, the head of the U.S. Copyright Office, has reportedly been dismissed by the Trump administration shortly after her office released the third installment of an extensive report examining artificial intelligence—raising questions about how copyrighted works are being used in the development of AI technologies. According to CBS News, two individuals with knowledge of the matter have confirmed Perlmutter’s removal from her role.  Democratic Representative Joe Morelle also confirmed Shira Perlmutter’s dismissal through an official statement. “Donald Trump’s termination of Register of Copyrights, Shira Perlmutter, is a brazen, unprecedented power grab with no legal basis,” Morelle wrote. “It is - [UAE Launches First Gas Stations to Accept Crypto Payments Nationwide](https://news.shib.io/2025/05/12/uae-launches-first-gas-stations-to-accept-crypto-payments-nationwide/): The United Arab Emirates (UAE) has launched the first-ever crypto payment service at gas stations across the Middle East and North Africa, made possible through a new partnership with digital asset platform Crypto.com. In an official statement, the Emirates General Petroleum Corporation (Emarat) announced plans to roll out cryptocurrency payment options across its entire network of fuel stations. Customers at Emarat-operated locations can now pay for fuel using digital assets, marking a significant step toward broader crypto adoption in the region. The initial phase of the cryptocurrency payment service will launch at 10 Emarat service stations, with a nationwide rollout - [Microsoft May Trade OpenAI Stake for Long-Term Tech Access - Report](https://news.shib.io/2025/05/12/microsoft-may-trade-openai-stake-for-long-term-tech-access-report/): Software giant Microsoft and artificial intelligence firm OpenAI have reportedly entered talks to renegotiate their investment deal—rewriting terms of the partnership in a negotiation aimed at allowing the AI firm to launch a future IPO. According to a report by the Financial Times, the ongoing talks over the multibillion-dollar partnership are aimed at ensuring Microsoft retains access to advanced AI models beyond 2030 when certain provisions of the companies’ original agreement are set to lapse. A central point in the negotiations is determining the share of equity Microsoft will hold in OpenAI’s for-profit entity, following its investment of over $13 - [US-China Trade Talks Make Headway, But Details Still Unclear](https://news.shib.io/2025/05/12/us-china-trade-talks-make-headway-but-details-still-unclear/): The White House has announced that trade talks between the United States and China have advanced significantly, but the absence of a finalized agreement is fueling uncertainty over whether a trade deal is truly within reach. According to a May 11 joint statement from the White House, “substantial progress” has been made between the two countries. “We will be giving details tomorrow, but I can tell you that the talks were productive,” Secretary of the Treasury Scott Bessent stated.  Bessent noted that the Vice Premier, two vice ministers, U.S. Trade Representative Jamieson Greer, and himself played key roles in the - [Investing in NFTs: Identifying Promising NFT Projects](https://news.shib.io/2025/05/12/investing-in-nfts-identifying-promising-nft-projects/): NFTs, or Non-Fungible Tokens, have taken the digital world by storm, especially in the realm of NFT projects. These unique digital assets represent ownership of everything from art and music to in-game items and virtual real estate. Unlike cryptocurrencies, which are interchangeable, NFTs are one-of-a-kind—think of them like owning a rare collectible, but in digital form. Over the last few years, these NFT projects have made their way into art, gaming, and even utility-based ecosystems, offering new ways for creators and users to connect. While many NFT projects generate a lot of buzz, not all of them succeed. Some fizzle - [Microsoft Bans DeepSeek App for Staff Over Data and Propaganda Risks](https://news.shib.io/2025/05/09/microsoft-bans-deepseek-app-for-staff-over-data-and-propaganda-risks/): Microsoft Corporation Vice Chairman and President Brad Smith has stated that the tech company’s employees are not allowed to use the Chinese artificial intelligence (AI) platform DeepSeek, citing concerns over data security and propaganda. During a Senate hearing on May 8, Smith noted that Microsoft has also refrained from including DeepSeek in its app store due to concerns over data security and potential propaganda risks. Smith explained that the restrictions are based on concerns over the potential storage of data in China and the risk that DeepSeek’s responses may be shaped by “Chinese propaganda.” DeepSeek’s privacy policy reveals that user - [Ripple Settlement with SEC Moves Forward, But Commissioner Sounds Alarm](https://news.shib.io/2025/05/09/ripple-settlement-with-sec-moves-forward-but-commissioner-sounds-alarm/): The U.S. Securities and Exchange Commission (SEC) has reached a settlement agreement with Ripple Labs, CEO Brad Garlinghouse, and co-founder Christian A. Larsen, outlining a path forward to resolve the ongoing civil enforcement case against them. As part of their settlement, the SEC and Ripple will jointly petition the district court for an initial ruling that could pave the way for lifting the injunction currently imposed on Ripple. The court’s final decision on the matter is anticipated by August 2024. Additionally, the settlement details that the $125,035,150 civil penalty held in an escrow account will be addressed, with $50 million - [Senate Rejects GENIUS Act by 1 Vote, Stablecoin Rules Unclear](https://news.shib.io/2025/05/09/senate-rejects-genius-act-by-1-vote-stablecoin-rules-unclear/): The U.S. Senate has narrowly blocked progress on the GENIUS Act —a bill aimed at shaping federal policy on stablecoins—following a 49-48 vote, with Senate Democrats raising concerns over former President Donald Trump’s cryptocurrency involvement. The bill, introduced by Senator Bill Hagerty and supported by Senators Tim Scott, Kirsten Gillibrand, Cynthia Lummis, and Angela Alsobrooks, did not advance in the Senate on May 8, falling short of the necessary votes for progression. The GENIUS Act was widely regarded as a bipartisan push to bring clearer regulatory guidelines to the U.S. digital asset landscape. Centered on the use of payment-focused stablecoins, - [Trump Influenced Into Endorsing XRP in Truth Social Post - Report](https://news.shib.io/2025/05/09/trump-influenced-into-endorsing-xrp-in-truth-social-post-report/): U.S. President Donald Trump has reportedly been influenced by a lobbyist with ties to Ripple Labs, leading him to spotlight the company in a Truth Social post advocating for a “Crypto Strategic Reserve.” In early March, President Trump used his Truth Social platform to advocate for the “Crypto Strategic Reserve,” signaling support for the digital asset industry. According to a report by Politico, the post may have been influenced by a lobbyist from Ballard Partners, the firm led by prominent GOP operative Brian Ballard. The lobbyist allegedly urged President Trump on multiple occasions to publicly back cryptocurrency and even provided - [Shib Wallet: The Smart Multichain Hub for All Your Crypto Assets](https://news.shib.io/2025/05/09/shib-wallet-the-smart-multichain-hub-for-all-your-crypto-assets/): Shib Wallet is being developed for Shibizens who want simplicity without sacrificing control. Whether you’re juggling assets across multiple blockchains or just dipping your toes into decentralized finance, Shib Wallet is intended to act as a personal dashboard that will make everything easier, smarter, and more intuitive once launched. In this article, we’ll explore the concept behind Shib Wallet, highlight its planned standout features, and explain why it is anticipated to become a core tool in the Shiba Inu network state. From its goals of real-time portfolio tracking to potential gasless transactions, this is your guide to what could make Shib Wallet more than just another crypto - [Shibarium Builder Spotlight: FEED Ignites a Grassroots Movement on Shibarium](https://news.shib.io/2025/05/08/shibarium-builder-spotlight-feed-ignites-a-grassroots-movement-on-shibarium/): A spark can ignite a wildfire. When the mint for FEED went live on October 18, what might have been a quiet token drop on Shibarium quickly became a rallying cry for a new kind of community project. In just ten days, FEED—a project that cleverly winks at both meme culture and serious blockchain utility—not only completed its mint but also locked liquidity on ShibaSwap V2, seeding a vibrant experiment in decentralized governance. This Shibarium Builder Spotlight dives into how FEED is charting its unique course. Born directly from the Shibarium ecosystem, FEED has ambitions that stretch far beyond fleeting - [$45M Stolen From Coinbase Users in Weeklong Scam Wave - ZachXBT](https://news.shib.io/2025/05/08/45m-stolen-from-coinbase-users-in-weeklong-scam-wave-zachxbt/): Popular blockchain investigator ZachXBT has revealed that Coinbase users lost an additional $45 million to social engineering scams just in the past week. In a post shared on his Telegram channel, the on-chain investigator emphasized that the recent loss of millions in funds is not the first instance of Coinbase users falling victim to social engineering scams. “Over the past few months I have reported on nine figures stolen from Coinbase users via similar social engineering scams,” ZachXBT wrote. In February, the blockchain investigator shared a detailed thread outlining the losses suffered by Coinbase users and the sophisticated nature of - [Bhutan Unveils Groundbreaking Crypto Payment System for Travel](https://news.shib.io/2025/05/08/bhutan-unveils-groundbreaking-crypto-payment-system-for-travel/): Bhutan’s Department of Tourism has introduced a new crypto payment system in collaboration with Binance Pay and DK Bank, aiming to modernize travel transactions and boost digital adoption in the country’s growing tourism sector. Binance announced that Bhutan travelers who hold Binance accounts can now use cryptocurrency to pay for a wide range of travel-related services. These include flight tickets, hotel accommodations, guided tours, and various other offerings. The platform will support payments in more than 100 digital assets, including Bitcoin (BTC), USD Coin (USDC), and Binance’s own BNB token. The crypto payment system enables businesses in Bhutan to accept - [Coinbase Partners with Riot Games to Expand Crypto in Esports Globally](https://news.shib.io/2025/05/08/coinbase-partners-with-riot-games-to-expand-crypto-in-esports-globally/): Crypto exchange Coinbase has signed on as the exclusive crypto exchange and official blockchain technology partner for Riot Games’ global League of Legends (LoL) and VALORANT esports events, marking a significant crossover between digital finance and competitive gaming. In a recent blog post, Coinbase stated it will collaborate with Riot to develop custom segments and in-game cosmetic rewards aimed at enhancing the fan experience during esports tournaments. “As esports redefined the meaning of being an athlete, crypto is redefining the financial system to make economic freedom possible for all,” Coinbase wrote.  Furthermore, the exchange added that it would be making - [Millions Made, Millions Lost: Trump Meme Coin Fuels Crypto Divide](https://news.shib.io/2025/05/08/millions-made-millions-lost-trump-meme-coin-fuels-crypto-divide/): Roughly 764,000 wallets that have bought the Trump meme coin are now in the red, as the once-surging token has lost value since launch. According to data provided to CNBC by blockchain analytics firm Chainalysis, approximately 2 million wallets have purchased President Donald Trump’s meme coin. Of those, only 58 wallets earned more than $10 million each, collectively accounting for about $1.1 billion in gains. Wallets that recorded losses were primarily those holding smaller amounts of the token. Interest in the Trump meme coin surged following the announcement of a May 22 event at his National Golf Club in Washington, - [Crypto Portfolio Management: Diversification and Risk Strategies](https://news.shib.io/2025/05/08/crypto-portfolio-management-diversification-and-risk-strategies/): Managing a crypto portfolio might sound like something only finance nerds or day traders worry about—but it’s actually for anyone who owns more than one type of crypto. Think of it like building a team in a game: you want different strengths, solid backups, and a strategy that keeps you from losing everything in one bad move. In crypto, prices can jump or drop in minutes, so having a plan matters. That’s where portfolio management comes in—it’s how you balance your coins, avoid putting all your hopes into one token, and protect your digital stash from wild market swings. Done - [Shibarium Builder Spotlight: NFTs2Me Eases NFT Creation](https://news.shib.io/2025/05/07/shibarium-builder-spotlight-nfts2me-eases-nft-creation/): No coding, no perceived chaos – that’s the promise from NFTs2Me, a project featured in this Shibarium Builder Spotlight. It aims to open the door to NFT creation on Shibarium with a process designed to be as simple as click, upload, and go live. The idea driving NFTs2Me is to tackle a common frustration. Many artists, independent creators, or even small businesses are intrigued by the potential of non-fungible tokens (NFTs) but find the learning curve dauntingly steep.  “We’re solving the complexity and technical barriers of launching NFT projects,” said the NFTs2Me team. They describe their platform as an all-in-one - [China's High-Tech Urinals Offer Instant Health Screenings](https://news.shib.io/2025/05/07/chinas-high-tech-urinals-offer-instant-health-screenings/): Public restrooms in major cities across China have high-tech urinals that provide on-the-spot health screenings for less than $3, offering users a quick and affordable way to check key health markers. These advanced urinals are said to efficiently and precisely analyze urine for a range of health indicators, all for a cost of just 20 yuan. Users can access the health analysis by paying the fee through WeChat, with results provided shortly thereafter. The analysis checks various health markers, such as glucose, vitamin levels, creatinine, white blood cells, and more. Results are presented in an easy-to-understand format. Though not intended - [Kenya Orders Sam Altman's Worldcoin to Delete Biometric Data](https://news.shib.io/2025/05/07/kenya-orders-sam-altmans-worldcoin-to-delete-biometric-data/): The Kenyan High Court has ordered Sam Altman’s global cryptocurrency, World (formerly Worldcoin), to halt the processing, collection, and handling of biometric data until a Data Protection Impact Assessment is conducted. The May 5 ruling mandates that World permanently delete biometric data collected in Kenya without proper assessments within seven days. Additionally, the court has prohibited the company from enticing users with cryptocurrency offers and suggested that its actions may have violated Section 31 of the Data Protection Act. In an X post, the Katiba Institute, an advocacy group that challenged World’s activities, announced that Lady Justice Aburili Roselyne issued - [Mashinsky Blasts 20-Year Sentence Request Over Celsius Collapse](https://news.shib.io/2025/05/07/mashinsky-blasts-20-year-sentence-request-over-celsius-collapse/): Alex Mashinsky, founder and former CEO of collapsed crypto lender Celsius, has pushed back against a proposed 20-year prison sentence, criticizing the U.S. government’s stance as excessive and unwarranted. The U.S. Department of Justice (DOJ) formally recommended a minimum 20-year prison sentence for Mashinsky, citing his role in deceiving Celsius users and personally profiting from the manipulation of the platform’s native token. If the court grants the DOJ’s request, Mashinsky would be nearly 80 years old by the time of his release. In a response filed with a New York district court, Mashinsky’s legal team contended that the former Celsius - [UK Treasury Dismisses Bitcoin Reserve Idea, Eyes Blockchain Debt](https://news.shib.io/2025/05/07/uk-treasury-dismisses-bitcoin-reserve-idea-eyes-blockchain-debt/): The United Kingdom has ruled out the creation of a national Bitcoin reserve, marking a clear departure from potential U.S. efforts to hold digital assets at a national level. During her address at the Financial Times Digital Asset Summit in London, Emma Reynolds MP, Economic Secretary to the Treasury, stated that accumulating Bitcoin is not part of the country’s strategy. “We don’t think that’s appropriate for our market,” Reynolds stated. “We understand that’s what the U.S. is going for, but that’s not the plan for us,” she added. However, Reynolds emphasized the importance of transatlantic cooperation, stating that the UK - [How to Do a Cryptocurrency Value Assessment Using Key Metrics](https://news.shib.io/2025/05/07/how-to-do-a-cryptocurrency-value-assessment-using-key-metrics/): Let’s be real — crypto is full of hype. One tweet from a celebrity, and a random token can shoot to the moon. But if you’re looking to actually invest — rather than just chase trends — hype alone isn’t going to get you very far. That’s where cryptocurrency value assessment comes in. Simply put, it’s the process of diving deeper into a coin’s real worth, beyond the headlines and hot takes. Instead of following the latest craze, fundamental analysis helps you understand what a project is really about. You’ll look at things like how the technology works, who’s behind - [Understanding Bitcoin Mining Hardware: Technologies and Trends](https://news.shib.io/2025/05/06/understanding-bitcoin-mining-hardware-technologies-and-trends/): Bitcoin mining hardware encompasses a range of specialized equipment designed to solve complex mathematical puzzles, thereby validating transactions and maintaining the blockchain. Bitcoin mining is becoming more competitive these days, so understanding the different hardware options and their technological advancements is important for stakeholders in the crypto space. ASIC Miners, GPUs, and Other Equipment: An Overview The most prominent hardware used in Bitcoin mining is the Application-Specific Integrated Circuit (ASIC) miner. These are purpose-built chips optimized solely for mining Bitcoin’s SHA-256 algorithm. ASIC miners deliver exceptional hashing speeds and energy efficiency, which makes them the preferred choice for large-scale operations - [Samourai Wallet Says Feds Hid Key Info Before Filing Charges](https://news.shib.io/2025/05/06/samourai-wallet-says-feds-hid-key-info-before-filing-charges/): Attorneys representing Samourai Wallet have accused federal prosecutors of withholding key guidance from the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN), which allegedly advised that the crypto mixing service did not require a money transmission license—a position the lawyers claim was concealed for more than 18 months. In a letter submitted to a Manhattan federal court on May 5, attorneys for Samourai Wallet co-founders Keonne Rodriguez and William Hill asserted that prosecutors had received guidance from FinCEN months before filing charges, indicating that the Samourai Wallet app did not meet the criteria of a Money Services Business requiring FinCEN - [Netflix Plans Biopic on FTX Collapse, Bankman-Fried and Ellison](https://news.shib.io/2025/05/06/netflix-plans-biopic-on-ftx-collapse-bankman-fried-and-ellison/): Popular subscription-based streaming service Netflix has reportedly begun taking steps toward developing a new biopic series centered on former FTX CEO Sam Bankman-Fried and former Alameda Research executive Caroline Ellison, two key figures in the high-profile collapse of the FTX cryptocurrency exchange. Reports suggested that while Netflix has not officially announced the project, speculation began in early 2024 after the streaming platform secured the rights to five articles from Vox Media centered on Bankman-Fried, signaling potential interest in developing a related production. Barack and Michelle Obama’s production company, Higher Ground Productions, is reportedly developing the series, with Academy Award winner - [UAE to Roll Out AI Curriculum for All Grades Next School Year](https://news.shib.io/2025/05/06/uae-to-roll-out-ai-curriculum-for-all-grades-next-school-year/): The United Arab Emirates (UAE) has announced plans to introduce an AI curriculum as a subject across all levels of public education beginning next academic year, as part of its long-term strategy to prepare students for a rapidly evolving digital world. In a recent post on X, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, stated that the curriculum change aims to “prepare future generations for a new world, equipped with advanced skills.” Sheikh Mohammed acknowledged the Ministry of Education’s efforts in developing a comprehensive curriculum, emphasizing that AI will fundamentally transform global living. “Our goal is to - [Nomad Hack Suspect Caught in Israel Trying to Flee Under Alias](https://news.shib.io/2025/05/06/nomad-hack-suspect-caught-in-israel-trying-to-flee-under-alias/): Alexander Gurevich, an alleged crypto thief involved in the Nomad hack, has been arrested at Ben-Gurion Airport while allegedly attempting to flee to Russia using a new name and passport. According to The Jerusalem Post, the dual Russian-Israeli citizen was arrested on Thursday while attempting to flee Israel. Following the arrest, the State Attorney’s Office International Department submitted a petition to the Jerusalem District Court seeking to have Gurevich declared extraditable to the United States. Gurevich is wanted by U.S. authorities for his alleged role in computer crimes, money laundering, and the transfer of stolen property related to a significant - [BURY 2.0: Turning Staking into Strategy, Rewards, and Governance](https://news.shib.io/2025/05/06/bury-2-0-turning-staking-into-strategy-rewards-and-governance/): Let’s be honest—staking in Web3 has a bit of a reputation. It’s often seen as passive: lock up your tokens, wait around, and hopefully come back to a few more coins. But Bury 2.0 completely reimagines that experience within the Shiba Inu network state. It’s not just about rewards anymore—it’s about participation, strategy, and fun. With Bury 2.0, staking becomes a way to get involved in the decisions that shape the future of the ecosystem. When you stake tokens like $SHIB, $LEASH, $BONE, or $TREAT, they’re converted into special vote escrowed tokens—veTokens—that give you voting power. The longer you lock - [Shibarium Builder Spotlight: ShibaLisa.art Aims to Remake Art World](https://news.shib.io/2025/05/06/shibarium-builder-spotlight-shibalisa-art-aims-to-remake-art-world/): In this week’s Shibarium Builder Spotlight, one project is taking aim at the age-old power dynamics of the art world — and doing it on Shiba Inu’s layer-2 scalability solution. ShibaLisa.art, headed by pseudonymous project lead Shiba da Vinci, is a zero-commission, artist-owned NFT art marketplace built on the Shiba Inu blockchain. “We want to start an art revolution where artists are truly valued, empowered, and fairly rewarded for their contributions to our cultural landscape,” the team said. Revolutionizing Art Sales: Zero Commissions on Shibarium Launched about a month ago, ShibaLisa.art wants to upend the traditional art world, armed with - [Shiba Inu Karma Levels Up With Fixes and Perks](https://news.shib.io/2025/05/05/shiba-inu-karma-levels-up-with-fixes-and-perks/): Bugs are gone, scores are clean, and the climb to Shiba Inu Karma glory just got sharper. The Shiba Inu Karma system, rolled out around mid-April, gets a fresh round of backend fixes that has cleared the bugs that once skewed scoring and stability. Now, Karma Points update in real time, tallies reflect true engagement, and users are starting to see what their digital reputation is really worth. Shiba Inu Karma Changes Detailed Backend bugs quietly distorted Karma Point calculations, muddling user scores and eroding confidence in what was meant to be a merit-based system. Some contributors saw their engagement - [Arizona Governor Blocks Bitcoin Reserve Bill, Critics Warn of Loss](https://news.shib.io/2025/05/05/arizona-governor-blocks-bitcoin-reserve-bill-critics-warn-of-loss/): Arizona Governor Katie Hobbs has faced criticism from community members and U.S. government officials after vetoing a bill that would have allowed the state to establish a Bitcoin reserve. In a statement issued on May 2, Hobbs formally announced her decision to veto Senate Bill 1025. “The Arizona State Retirement System is one of the strongest in the nation because it makes sound and informed investments. Arizonans’ retirement funds are not the place for the state to try untested investments like virtual currencу,” Hobbs wrote.  The proposed legislation, also known as the Arizona Strategic Bitcoin Reserve Act, aimed to allocate - [OKX Refutes Justin Sun's Allegations of Ignored Freeze Request](https://news.shib.io/2025/05/05/okx-refutes-justin-suns-allegations-of-ignored-freeze-request/): OKX CEO Star Xu has responded to accusations from Tron founder Justin Sun, who claimed the crypto exchange failed to freeze stolen funds after a recent hack on Tron’s official X account. In a post on X, Xu responded to Sun, stating that the exchange follows a transparent law enforcement cooperation policy. Xu invited Sun to submit initial evidence of the hack through OKX’s public reporting channels, assuring that the platform would implement an emergency freeze if the submitted details met the necessary criteria. “OKX also has consumers protection policy according to law, we can’t freeze a customer’s funds according - [Tsinghua Launches AI Agent Hospital to Revolutionize Healthcare](https://news.shib.io/2025/05/05/tsinghua-launches-ai-agent-hospital-to-revolutionize-healthcare/): Tsinghua University, one of China’s most prestigious academic institutions, has formally launched its new AI Agent Hospital during the 2025 Tsinghua Medicine Townhall Meeting. This marks a significant step in integrating artificial intelligence into clinical practice, education, and research. Tsinghua University outlined a phased approach for the rollout of its AI Agent Hospital. In its initial phase, the hospital will be developed using the university’s robust artificial intelligence capabilities and its integrated expertise across engineering and medical disciplines. Early pilot programs are set to begin at both the Beijing Tsinghua Changgung Hospital and its affiliated Internet Hospital, focusing on departments - [AI Robot Zippy Serves Up Michelin-Star Quality Cuisine](https://news.shib.io/2025/05/05/ai-robot-zippy-serves-up-michelin-star-quality-cuisine/): Technology consulting firm RediMinds Inc. has launched Zippy, an AI robot chef now operating in commercial kitchens, marking the company’s latest push into intelligent automation for the foodservice industry. The AI-powered robotic chef reportedly comes pre-trained on a dataset of over five million multimodal recipes, using multi-modal perception and active heat transfer modeling to adapt to variations in ingredients and appliances with the precision of an expert chef. Designed to quickly master a wide range of cuisines—including Italian, Mexican, and Indian—Zippy can learn and replicate gourmet dishes after observing just a single expert-led demonstration. The system blends autonomy with teleoperation - [Why Decentralization Matters in Web3 vs Web2](https://news.shib.io/2025/05/05/why-decentralization-matters-in-web3-vs-web2/): What if one company could delete you from the internet? Not just your posts, but your entire profile, your photos, your connections — gone in a click. That’s not a dystopian future. That’s Web2, a system where control is centralized and your digital life depends on someone else’s servers. That’s exactly why decentralization is becoming such a big deal. The internet we know today — Web2 — is built on platforms that own everything you upload. Social networks, online stores, even your cloud docs live on systems run by a handful of companies. You get access, not ownership. If they - [SEC Drops Crypto Case Against YouTuber Ian Balina](https://news.shib.io/2025/05/02/sec-drops-crypto-case-against-youtuber-ian-balina/): The U.S. Securities and Exchange Commission (SEC) has moved to dismiss its case against crypto YouTuber Ian Balina, signaling another step in its broader retreat from aggressive crypto enforcement efforts. In a joint filing with Balina submitted to a federal court in Austin, the agency stated that it considers dropping the case appropriate, referencing efforts led by its Crypto Task Force. The SEC filed a lawsuit against the crypto influencer in 2022, accusing him of conducting an unregistered securities offering. The case centered on his promotion and sale of Sparkster (SPRK) tokens during the 2018 initial coin offering (ICO) boom. - [Nadella and Zuckerberg Discuss AI’s Role in Software Development Code](https://news.shib.io/2025/05/02/nadella-and-zuckerberg-discuss-ais-role-in-software-development-code/): Microsoft CEO Satya Nadella revealed that artificial intelligence (AI) now plays a major role in the company’s software development process, with AI contributing to as much as 30% of the code being written at Microsoft. During a conversation with Meta CEO Mark Zuckerberg at Meta’s inaugural LlamaCon AI developer event, Nadella revealed that AI is playing an increasingly significant role in code development at Microsoft, with the share continuing to rise steadily. “I’d say maybe 20%, 30% of the code that is inside of our repos today and some of our projects are probably all written by software,” Nadella stated. - [Global Bitcoin Reserves Shrink as Governments Hold Over 463K BTC](https://news.shib.io/2025/05/02/global-bitcoin-reserves-shrink-as-governments-hold-over-463k-btc/): Crypto data platform CoinGecko has shared that governments around the world collectively hold over 463,741 Bitcoin, accounting for about 2.3% of the total supply. While countries like El Salvador and Bhutan have been actively increasing their Bitcoin reserves, others, including the United States and Germany, have been reducing their holdings. According to an April 28 report, the current government-held Bitcoin reserves decreased from 529,591 BTC in July 2024, reflecting ongoing shifts in government engagement with cryptocurrency. As of April 2025, the United States government holds around 198,012 BTC—worth roughly $18.3 billion—maintaining its position as the largest state holder of Bitcoin. - [SEC Appeals Ripple Ruling, Seeks XRP Classified as Unregistered Security](https://news.shib.io/2025/01/16/sec-appeals-ripple-ruling-seeks-xrp-classified-as-unregistered-security/): The U.S. Securities and Exchange Commission (SEC) has officially appealed a July 2023 court ruling that partially favored Ripple Labs, continuing its legal fight with the tech company. On Wednesday, the SEC submitted an opening brief to the U.S. Court of Appeals for the 2nd Circuit, aiming to reverse a previous ruling that determined Ripple’s digital currency, XRP, should not be classified as a security when sold to retail investors. In its filing, the SEC referred to the Howey Test, asserting that Ripple’s marketing activities led investors to expect profits, thereby classifying XRP as an investment contract. The Howey Test - [Pump.fun Sued Over Investor Losses and Alleged Scams](https://news.shib.io/2025/01/16/pump-fun-sued-over-investor-losses-and-alleged-scams/): Burwick Law, a cryptocurrency-focused legal firm, has filed a lawsuit against the Solana-based platform Pump.fun, representing investors who allege significant financial losses due to the platform’s meme coin trading operations. The firm confirmed its plans to sue the platform in an X post. “Burwick Law is pursuing legal action on behalf of investors in pumpdotfun meme coins. If you lost money on any pumpdotfun meme coins, you may be entitled to compensation,” they wrote.  Burwick Law said that its decision to take legal action comes after several months of collaborating with individuals who have suffered considerable financial losses from meme - [$TREAT Debuts: 'First FHE' Token on Mainnet, CEO Declares](https://news.shib.io/2025/01/15/treat-debuts-first-fhe-token-on-mainnet-ceo-declares/): Zama CEO Rand Hindi declares Shiba Inu’s $TREAT “one of the first FHE tokens to go into mainnet,” as the token debuts on six cryptocurrency exchanges. Shiba Inu’s $TREAT and its FHE Token Status On Tuesday, Shiba Inu Treat ($TREAT) became available on multiple cryptocurrency exchange platforms. Hindi, whose company, ZAMA, is a partner of Shiba Inu, emphasized the token’s importance in a recent post on X (formerly Twitter). “Like many, I initially thought of Shiba as a memecoin. It wasn’t until I read their manifesto and got deeper into their ecosystem that I realized what it really was: a - [Bitcoin Wallets Unlocked: Its Evolution and Emerging Features Redefining Security](https://news.shib.io/2025/01/15/bitcoin-wallets-unlocked-its-evolution-and-emerging-features-redefining-security/): As crypto expands globally, the need for secure and green Bitcoin Wallets has by no means been extra crucial. From conserving assets securely to facilitating transactions, Bitcoin Wallets have come a long way by adding layers of sophistication and stronger protection as time goes. This article explores the journey of Bitcoin Wallets and their evolving functions. Understanding Bitcoin Wallets Bitcoin Wallets are digital equipment designed to store, manipulate, and facilitate the alternative to Bitcoin and other cryptocurrencies. There are two main types: The Evolution of Bitcoin Wallets Bitcoin wallets have evolved significantly since their inception, incorporating advanced technologies and enhanced - [Tom Emmer Appointed Vice Chair of Crypto and AI Subcommittee](https://news.shib.io/2025/01/15/tom-emmer-appointed-vice-chair-of-crypto-and-ai-subcommittee/): House Majority Whip Tom Emmer has been appointed vice chairman of the House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence, placing him at the forefront of U.S. policymaking on emerging technologies. Committee Chairman French Hill announced the vice chairs and subcommittee assignments for the House Financial Services Committee in the 119th Congress on January 14. Established in 2023, the subcommittee is tasked with overseeing the advancement and application of cryptocurrency assets and financial technologies, as well as evaluating the role of artificial intelligence in financial services. “With active and knowledgeable Chairs and Vice Chairs leading our Subcommittees, we - [Trump Set to Sign New Crypto De-Banking Executive Orders](https://news.shib.io/2025/01/15/trump-set-to-sign-new-crypto-de-banking-executive-orders/): President-elect Donald Trump has potential plans to issue executive orders on crypto de-banking and banking policies upon taking office on January 20. As Trump prepares to return to the White House, he is anticipated to sign executive orders addressing crypto de-banking and reversing a policy that mandates banks classify digital assets as liabilities, according to The Washington Post. The policy originates from the Securities and Exchange Commission’s Staff Accounting Bulletin (SAB 121), issued in March 2022 under President Joe Biden’s administration, a directive that has faced pushback from the crypto sector. “The Trump team has made it very clear that - [CFTC Investigates Crypto.com Super Bowl Betting Contracts](https://news.shib.io/2025/01/15/cftc-investigates-crypto-com-super-bowl-betting-contracts/): The Commodity Futures Trading Commission (CFTC) has reportedly begun an investigation into the legality of Crypto.com futures contracts, which permit users to place wagers on football games, including the highly anticipated Super Bowl. Bloomberg reports that the CFTC is holding a vote among its five commissioners to decide whether to initiate a 90-day review of Crypto.com’s futures contracts. The review would assess whether these contracts, which allow betting on football games, violate federal gaming laws, according to sources familiar with the situation. The regulatory agency has not yet decided whether the contracts listed on Crypto.com’s Chicago-based derivatives exchange breach laws - [SEC Sues Elon Musk Over Delayed Disclosure of Twitter Stock Purchase](https://news.shib.io/2025/01/15/sec-sues-elon-musk-over-delayed-disclosure-of-twitter-stock-purchase/): The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Elon Musk, accusing the X owner and CEO of not revealing his acquisition of more than 5% of Twitter’s stock in early 2022. In a January 14 filing, the lawsuit accuses Elon Musk of violating disclosure rules during his 2022 acquisition of Twitter shares, claiming he failed to disclose “he had acquired beneficial ownership” and underpaid by $150 million, thus breaching securities laws. Musk allegedly failed to file a required report to report his Twitter holdings within the 10-day deadline after surpassing a 5% stake in the company. - [Brad Pitt AI Scam Swindles French Woman Out of $850K Life Savings](https://news.shib.io/2025/01/15/brad-pitt-ai-scam-swindles-french-woman-out-of-850k-life-savings/): A 53-year-old French woman has fallen victim to a heartbreaking scam involving an AI-generated version of Brad Pitt, who duped her into believing they were in a romantic relationship. The Brad Pitt AI scam swindled her out of her life savings for supposed cancer treatment. Anne, an interior designer, explained that the scam began when she received a message from an account claiming to be Jane Etta Pitt, the mother of the Hollywood star. Pitt’s “mother” told Anne that she was exactly the type of woman her son needed. The following day, the AI-generated version of Pitt reached out to - [Everyone Deserves a TREAT](https://news.shib.io/2025/01/14/everyone-deserves-a-treat/): Read the latest edition of The Shib Magazine here. - [Senator Warren Tells Treasury Nominee To Be Ready for Questions at Confirmation Hearing](https://news.shib.io/2025/01/14/senator-warren-tells-treasury-nominee-to-be-ready-for-questions-at-confirmation-hearing/): U.S. Senator Elizabeth Warren has sent an open letter to Scott Bessent, nominee for Treasury Secretary, calling for stricter regulations and enforcement measures for digital assets before his confirmation hearing with the Senate Finance Committee. In a comprehensive 31-page letter dated January 12, Senator Warren raised several concerns regarding Bessent’s views on cryptocurrency regulation, financial deregulation, tax policies, and the challenges confronting smaller banks. Warren raised concerns about whether the Treasury’s Office of Foreign Assets Control (OFAC) should have the authority to regulate stablecoins to address risks such as money laundering and sanctions evasion. “Should AML/CFT and sanctions programs include - [SEC Must Justify Crypto Policy in Coinbase Legal Win](https://news.shib.io/2025/01/14/sec-must-justify-crypto-policy-in-coinbase-legal-win/): The U.S. Court of Appeals for the Third Circuit has delivered a partial victory to Coinbase in its ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC). The U.S. Appeals Court questioned the SEC’s rejection of Coinbase’s petition for cryptocurrency-specific regulations. The court called on the regulator to justify its decision, stating that the reasons provided for denying Coinbase’s request were insufficient.  In a court filing on January 13, the U.S. Appeals Court criticized the SEC’s rejection of Coinbase’s 2022 petition, describing it as “arbitrary and capricious.” The SEC had dismissed the petition in 2023 with a brief - [Trump Crypto Ball: $100K Tickets, $1M Dinner, Industry Influence](https://news.shib.io/2025/01/14/trump-crypto-ball-100k-tickets-1m-dinner-industry-influence/): The crypto industry has its eyes on the so-called Trump Crypto Ball, an event hosted by BTC Inc., along with Stand With Crypto, marking a significant moment for blockchain and digital innovation. The Inaugural Crypto Ball is set to take place three days prior to incoming U.S. President Donald Trump’s inauguration, which is scheduled for January 20. David Sacks, the newly appointed AI and Crypto Czar, is expected to host the event, which will feature several prominent industry leaders. However, Fox Business journalist Eleanor Terrett reports that Trump himself will not be attending. “Enjoy cocktails and hors d’oeuvres as we - [MicroStrategy Buys $243M in BTC, Total Holdings Reach 450K](https://news.shib.io/2025/01/14/microstrategy-buys-243m-in-btc-total-holdings-reach-450k/): MicroStrategy has continued to expand its Bitcoin (BTC) holdings for the tenth week in a row, purchasing 2,530 BTC at an average price of $95,972 per BTC. The company’s co-founder and executive chairman Michael Saylor announced the recent Bitcoin acquisition on X. The business intelligence firm now holds a total of 450,000 BTC. MicroStrategy has so far accumulated more than 2% of the total supply of Bitcoin, a strategy which Saylor spearheaded. Since launching his buy-and-hold approach in 2020, the chairman has significantly increased the company’s holdings, now valued at approximately $41 billion. The company is seeking to expand its - [FTX Sets January 20 Deadline for Repayments, Payouts Start in February](https://news.shib.io/2025/01/14/ftx-sets-january-20-deadline-for-repayments-payouts-start-in-february/): FTX, the collapsed cryptocurrency exchange, is returning over $1.2 billion to users who have been locked out of their funds for more than two years. FTX users who are entitled to up to $50,000 in digital assets must fulfill the necessary pre-distribution requirements by January 20 to qualify for repayment. Sunil, a well-known FTX creditor, has indicated that the exchange is expected to begin processing claims for amounts up to $50,000 after this deadline. The January 20 deadline coincides with President-elect Donald Trump’s inauguration. Some speculate that the upcoming repayments from FTX could inject significant capital into the crypto market, - [The Shib News Recap: Monday](https://news.shib.io/2025/01/13/the-shib-news-recap-monday-3/): This Monday, The Shib Daily brings you the latest news in the crypto sector, featuring insights from Shytoshi Kusama’s new podcast episode on Fully Homomorphic Encryption (FHE) and the innovative Shib Identity System. Other updates delve into the closure of a DeFi platform following a settlement with the U.S. Securities and Exchange Commission (SEC) and potential policy shifts as a result of the creation of a crypto subcommittee. Shytoshi Kusama Discusses FHE and Shib Identity System in Latest Podcast Episode Shytoshi Kusama’s podcast has revealed groundbreaking news: quantum-proof data security through FHE. In the latest episode, he introduced a new - [WFH Crypto Scam Steals Over $2M From New Yorkers, Lawsuit Filed](https://news.shib.io/2025/01/13/wfh-crypto-scam-steals-over-2m-from-new-yorkers-lawsuit-filed/): New York Attorney General Letitia James has filed a lawsuit against crypto scam perpetrators, aiming to recover more than $2 million in cryptocurrency stolen from individuals targeted by a complex remote job scheme. The scam operated by luring victims with text messages offering flexible, high-paying job opportunities. Once engaged, victims were directed to set up cryptocurrency accounts, deposit funds, and complete product reviews on fake websites designed to look like legitimate businesses. In the lawsuit, James asserts that the scammers convinced victims their deposits were only necessary to “legitimize” data, with no actual purchases involved. In return, they were promised - [Bessent to Divest Hedge Fund Assets if Confirmed as Treasury Head](https://news.shib.io/2025/01/13/bessent-to-divest-hedge-fund-assets-if-confirmed-as-treasury-head/): Scott Bessent, nominated by President-elect Donald Trump to be the next U.S. Treasury Secretary, has taken steps to divest key assets to avoid potential conflicts of interest. As Trump’s inauguration nears, Bessent revealed assets totaling at least $521 million, though the actual value is likely significantly higher.  A filing made public on January 11 by the U.S. Office of Government Ethics revealed Bessent’s assets, listing a range of values for each. The founder of Key Square Capital Management did not disclose exact values, with some assets simply listed as “over $50,000,000.” For instance, Bessent reported owning residential property in the - [Mango Markets Shuts Down After SEC Settlement and Legal Troubles](https://news.shib.io/2025/01/13/mango-markets-shuts-down-after-sec-settlement-and-legal-troubles/): Mango Markets, a decentralized finance (DeFI) platform, has decided to cease operations after reaching a settlement with the U.S. Securities and Exchange Commission (SEC) and facing ongoing legal challenges related to a 2022 exploit. On January 11, Mango Markets announced on its X account that it is shutting down, urging users to “close their positions” in light of the decision.  The announcement follows a settlement with the SEC, which had charged Mango’s decentralized autonomous organization (DAO) and Blockworks Foundation for the unregistered offer and sale of MNGO tokens.  As part of the settlement, Mango DAO agreed to pay $700,000 in - [Senate Forms Crypto Subcommittee with Cynthia Lummis as Chair](https://news.shib.io/2025/01/13/senate-forms-crypto-subcommittee-with-cynthia-lummis-as-chair/): The Senate Banking Committee, led by Republican Senator Tim Scott, has announced the creation of its first-ever crypto subcommittee, a move that comes just days after Republicans officially assumed control of the Senate last week. With Republicans now holding majorities in both the Senate and the House, President-elect Donald Trump is poised to begin his second term with a unified government. This shift gives the Republican Party a stronger position to push through crypto-friendly legislation in the coming term. This move signals Senate Republicans’ dedication to advancing legislation on digital assets and backing Trump’s campaign pledge to establish America as - [Few Traders See Big Gains as Pump.fun Revenue Nears $400 Million](https://news.shib.io/2025/01/13/few-traders-see-big-gains-as-pump-fun-revenue-nears-400-million/): Traders on Pump.fun, the decentralized platform for launching Solana-based meme coins, have reportedly been struggled to see significant profits, with only 0.4% of wallets earning $10,000 or more so far. Data from Dune analyst Adam Tehc revealed that out of the more than 13.4 million wallets on the platform, just 55,012 have generated profits of $10,000 or more. Additionally, only 294 wallets, or about 0.002% of the total, have profited more than $1 million. In response to the data from Tehc and Dune, pseudonymous on-chain analyst Alon dismissed the findings as FUD (fear, uncertainty, and doubt), citing several issues with - [Kusama Unveils Shib Identity System's Crucial Role in New Shib Network State](https://news.shib.io/2025/01/13/kusama-unveils-shib-identity-systems-crucial-role-in-new-shib-network-state/): The digital spotlight sharpens as Shytoshi Kusama, the visionary behind Shiba Inu, highlights the Shib Identity system’s crucial role within the Shib Network State.  This ambitious endeavor, revealed during the latest installment of Kusama’s limited-edition podcast titled “Meme Mania and the 36 Chambers of Tech,” seeks to redefine the very fabric of the internet. Kusama emphasized that the Shib Identity System is designed to move beyond simple financial applications and instead provides a complete method of identification for users on the system.  “So for us,” Kusama said, “we have Shib identity system. It is a decentralized identity system. And it - [Treasure Trove of Alphas: Kusama's Podcast Discusses Quantum-Proof Data Protection Via FHE Implementation](https://news.shib.io/2025/01/13/treasure-trove-of-alphas-kusamas-podcast-discusses-quantum-proof-data-protection-via-fhe-implementation/): Digital whispers morph into a roar as Shytoshi Kusama’s limited-edition podcast drops a bombshell: quantum-proof data security arrives via Fully Homomorphic Encryption (FHE), immediately disrupting the conversation around data protection.  The latest episode, released over the weekend, unveiled a potentially revolutionary new operating system. Kusama, the visionary behind the Shiba Inu ecosystem,  unraveled a new era for privacy on the web. FHE and Its Role in Data Protection Fully Homomorphic Encryption (FHE) is a cutting-edge cryptographic method that allows computations to be performed on encrypted data without decrypting it first. This means sensitive information can be processed and analyzed while - [Don't Fade on BONE, Shytoshi Kusama Explains Why](https://news.shib.io/2025/01/11/dont-fade-on-bone-shytoshi-kusama-explains-why/): What if a seemingly simple token held the keys to a technological revolution? Shytoshi Kusama explores this transformative potential in his newest blog post, revealing the expanded utility of BONE, Shiba Inu’s L2 gas fee token, directly challenging the FUD surrounding the token and positioning Shibarium as a key catalyst for blockchain innovation. Countering the FUD: Shytoshi on BONE and Community Relations Kusama’s blog post is framed as a direct response to what he characterizes as “FUD,” or Fear, Uncertainty, and Doubt, surrounding the BONE token, as hype mounts in the days leading to the launch of Shiba Inu Treat - [Shytoshi Kusama Blasts FUDders and Defends Shiba Inu Progress](https://news.shib.io/2025/01/11/shytoshi-kusama-blasts-fudders-and-defends-shiba-inu-progress/): In a fiery and impassioned episode of the Limited Edition podcast, Shytoshi Kusama, the visionary behind the Shiba Inu ecosystem, launched a scathing attack on critics he labeled as “fudders” (those spreading fear, uncertainty, and doubt). Kusama passionately defended the project’s progress, cited impressive statistics, and vowed to prove naysayers wrong. Shiba Inu in 2024: A Leading Crypto Asset The limited edition podcast, titled “Meme Mania and the 36 Chambers of Tech,” which aired first on Shib: The Metaverse, saw Kusama address what he described as a constant barrage of negativity despite Shiba Inu’s significant achievements. He highlighted the following: - [Shiba Inu Treat Token Airdrop: Are You Eligible and Ready for the Exchange Rush?](https://news.shib.io/2025/01/10/shiba-inu-treat-token-airdrop-are-you-eligible-and-ready-for-the-exchange-rush/): The highly anticipated Shiba Inu Treat (TREAT) token airdrop is now live, with an electric atmosphere surrounding its launch, as crypto communities worldwide prepare to confirm their eligibility and navigate the necessary steps to claim their TREAT tokens. For months, the Shiba Inu community has been buzzing with anticipation, and now, the wait is over. The long-expected airdrop has officially begun. Ready for the rush? How to Claim Your TREAT Tokens: The Details You Need to Know Here’s how you can get your hands on TREAT tokens: Shiba Inu has partnered with some of the biggest names in centralized exchanges - [Gary Gensler Firm On Anti-Crypto Stance as SEC Exit Looms](https://news.shib.io/2025/01/10/gary-gensler-firm-on-anti-crypto-stance-as-sec-exit-looms/): Outgoing U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler has reiterated his skepticism of the cryptocurrency industry, emphasizing his view that it is largely fueled by market sentiment rather than fundamentals. In a January 8 interview with Bloomberg Television, Gensler expressed doubts about the long-term viability of many cryptocurrency projects. He emphasized the importance of implementing stricter regulations for altcoins and intermediaries operating within the digital asset market.  Gensler further noted that retail investors continue to face a lack of proper disclosures and access to critical information from companies in the industry.  Source: Bloomberg TV Throughout his time as - [Circle Donates $1M USDC to Trump’s Inaugural Committee](https://news.shib.io/2025/01/10/circle-donates-1m-usdc-to-trumps-inaugural-committee/): Circle, the global fintech company, has made a $1 million donation in USD Coin (USDC) to the Inaugural Committee of President-elect Donald Trump. On January 9, Circle CEO Jeremy Allaire took to X to announce the company’s donation. “We are excited to be building a great American company,” Allaire wrote. He also emphasized that the Committee’s acceptance of USDC payments reflects significant progress and underscores the growing potential and influence of digital currencies. USDC, a stablecoin developed by Circle, is pegged to the U.S. dollar, providing stability within the volatile cryptocurrency market. It is extensively utilized for trading, lending, and - [FTX Unaware of Backpack’s $32.7M Purchase of EU Arm](https://news.shib.io/2025/01/10/ftx-unaware-of-backpacks-32-7m-purchase-of-eu-arm/): FTX, the defunct cryptocurrency exchange, has released an official statement to recent claims from Backpack entities about their alleged acquisition of FTX EU. FTX clarified that it had no prior knowledge of Backpack Exchange’s January 7 announcement, asserting that the statement was made without its involvement. The exchange further emphasized that Backpack’s press release contained several inaccuracies that could confuse stakeholders. It reiterated that FTX Europe AG, a subsidiary of FTX, retains 100% ownership of FTX EU’s share capital. While there had been prior discussions about selling FTX EU to former FTX Europe insiders as part of a settlement, the - [From Screen to Scheme: Squid Game Crypto Scam Hits Close to Home](https://news.shib.io/2025/01/10/from-screen-to-scheme-squid-game-crypto-scam-hits-close-to-home/): Squid Game Season 2 has delved into the world of cryptocurrency scams, mirroring the real-life “rug pull” that unfolded shortly after Season 1’s successful release. The South Korean production marked the holiday season with its release shortly after Christmas Day. In the world of Squid Game Season 2, the $DALMATIAN coin emerges as a promising cryptocurrency, rapidly gaining traction through aggressive marketing and endorsements from prominent influencers. Notably, Lee Myeong-gi (Player 333), a former prominent cryptocurrency influencer known as “Amazing Myung-gi,” heavily endorsed the $DALMATIAN coin on his YouTube channel. Lee urged his followers to invest heavily, only for the - [UK Judge Rejects James Howells $770M Bitcoin Landfill Case Over Lost Hard Drive](https://news.shib.io/2025/01/10/uk-judge-rejects-james-howells-770m-bitcoin-landfill-case-over-lost-hard-drive/): Judge Keyser KC, the Circuit Commercial Judge for Wales, has dismissed the legal attempt of IT engineer James Howells to recover a $770 million Bitcoin (BTC) hard drive from a Newport landfill. The city council cited environmental permit restrictions as the reason for denying access. According to a January 9 BBC report, Judge Keyser ruled that Howells’ legal case had “no realistic prospect” of succeeding if it were to proceed to a full trial.  “The case being struck out at the earliest hearing doesn’t even give me the opportunity to explain myself or an opportunity for justice in any shape - [Shytoshi Kusama Reveals Why Success Of Shiba Inu Requires Patience and Precision](https://news.shib.io/2025/01/10/shytoshi-kusama-reveals-why-success-of-shiba-inu-requires-patience-and-precision/): While the crypto world races to the next viral trend, Shiba Inu’s visionary, Shytoshi Kusama, slows the pace, declaring that building revolutionary decentralized systems demands time and precision rather than hasty rollouts. Building the Future of Shiba Inu Speaking on his limited edition podcast, “Meme Mania and the 36 Chambers of Tech,” Kusama acknowledged that the full rollout of certain features took longer than initially anticipated. “I apologize that it took us as long as it did to finish everything, but really good tech takes time,” Kusama remarked.  This candid statement highlighted a philosophy that prioritizes thoroughness over speed. Kusama - [The Shib News Recap: Thursday](https://news.shib.io/2025/01/09/the-shib-news-recap-thursday-6/): This Thursday, our top headlines cover key discussions on the impact of certain developments in the crypto space on regulations, political influences, and legislative efforts. DOJ Cleared to Liquidate $6.5 Billion in Seized Bitcoin from Silk Road The U.S. Department of Justice (DOJ) has been approved to sell about 69,370 Bitcoin, worth $6.5 billion, seized from the Silk Road darknet marketplace. Chief U.S. District Judge Richard Seeborg denied a motion to halt the sale on December 30, 2024. Battle Born Investments, which claimed ownership of the Bitcoin, failed to block the sale after appealing in October 2024. The U.S. Marshals - [Oklahoma Senator Proposes Bitcoin Freedom Act to Tackle Inflation](https://news.shib.io/2025/01/09/oklahoma-senator-proposes-bitcoin-freedom-act-to-tackle-inflation/): Oklahoma State Senator Dusty Deevers has introduced the Bitcoin Freedom Act, a new legislation designed to offer Oklahomans alternative financial solutions amid growing inflation concerns. Senator Deevers stated in an X post that the proposed SB325 bill is designed to provide workers with the option to receive their wages in Bitcoin and enable businesses to accept the cryptocurrency for goods and services.  He emphasized that participation is voluntary, adding that the bill “respects free-market principles” and allows both employees and employers to select their preferred payment methods. “Inflation caused by reckless spending and money printing is eroding the purchasing power - [Ripple Execs Meet Trump Amid SEC Appeal](https://news.shib.io/2025/01/09/ripple-execs-meet-trump-amid-sec-appeal/): Ripple CEO Brad Garlinghouse and Chief Legal Officer Stuart Alderoty have dined with President-elect Donald Trump at his Mar-a-Lago Resort, sparking speculation about potential talks on cryptocurrency regulation. “Great dinner last night with @realDonaldTrump & @s_alderoty,” Garlinghouse wrote in a post on his X account on January 8, alongside a photo of the trio. Alderoty joined in, reposting Garlinghouse’s picture with a lighthearted comment about how good the beef bourguignon was.  This meeting marks a significant moment for Ripple as the company navigates the evolving crypto ecosystem and regulatory shifts heading into 2025, while also continuing its pivotal legal battle - [Do Kwon Trial Set for Jan 2026 as Probe Into Emails, X Account Continues](https://news.shib.io/2025/01/09/do-kwon-trial-set-for-jan-2026-as-probe-into-emails-x-account-continues/): Judge Paul A. Engelmayer has set the criminal fraud trial for Do Kwon, the former CEO of Terraform Labs, for January 26, 2026 to allow time for processing six terabytes of discovery data. At a January 8 conference in Manhattan, prosecutors highlighted delays in the case, citing difficulties in reviewing evidence. They are working to decrypt four phones obtained from Montenegrin authorities and translate important documents from Korean. Prosecutors have outlined their discovery plans, which include requesting search warrants for Kwon’s email and X account.  During the collapse of the Terra ecosystem in 2022, Kwon frequently posted on X (formerly - [US Judge Orders Frank Ahlgren to Surrender Keys in $124M Case](https://news.shib.io/2025/01/09/us-judge-orders-frank-ahlgren-to-surrender-keys-in-124m-case/): Early cryptocurrency investor Frank Richard Ahlgren III has been ordered by U.S. District Judge Robert Pitman to hand over the private keys to his Bitcoin (BTC) wallet and other digital asset storage devices. The court order follows Ahlgren’s December 2024 conviction for tax fraud, which resulted in a two-year prison sentence. Ahlgren’s case holds particular significance as the first U.S. criminal tax evasion prosecution focused exclusively on cryptocurrency trading. Judge Pitman’s order goes beyond requiring access to Ahlgren’s crypto wallets. It prohibits him and his associates from transferring or concealing any digital assets without prior court approval. However, they are - [DOJ Approved to Sell $6.5B in Bitcoin Seized from Silk Road Case](https://news.shib.io/2025/01/09/doj-approved-to-sell-6-5b-in-bitcoin-seized-from-silk-road-case/): The U.S. Department of Justice (DOJ) has received approval to sell roughly 69,370 Bitcoin, valued at $6.5 billion, seized from the Silk Road darknet marketplace, resolving a lengthy ownership dispute. On December 30, 2024, Chief U.S. District Judge Richard Seeborg rejected a motion to prevent the forfeiture, siding with the DOJ’s request to sell the cryptocurrency assets. Private investment firm Battle Born Investments, which claimed ownership of the Bitcoin through a bankruptcy estate, was unsuccessful in blocking the sale after bringing an appeal in October 2024 challenging the seizure of the Bitcoin stash. The group had filed a Freedom of - [A New Breed Of Speed](https://news.shib.io/2025/01/09/a-new-breed-of-speed/): Read the latest edition of The Shib Magazine here. - [Backpack Exchange Buys FTX EU, Aims to Launch Euro Crypto Derivatives](https://news.shib.io/2025/01/08/backpack-exchange-buys-ftx-eu-aims-to-launch-euro-crypto-derivatives/): Backpack Exchange, the cryptocurrency platform founded by ex-FTX and Alameda Research employees, has completed the acquisition of FTX EU, the European division of the defunct FTX exchange. In a recent blog post, the platform confirmed that its acquisition of FTX EU was approved by both the FTX bankruptcy court and the Cyprus Securities and Exchange Commission (CySEC). This deal paves the way for Backpack to provide regulated crypto derivatives and additional financial products to users across Europe. Its new European branch will offer a variety of crypto derivatives, such as perpetual futures, addressing the void left by other exchanges exiting - [Ripple CEO Slams SEC, Calls $11B Valuation 'Outdated’](https://news.shib.io/2025/01/08/ripple-ceo-slams-sec-calls-11b-valuation-outdated/): Ripple CEO Brad Garlinghouse has stated that the company’s previous $11 billion valuation is now “outdated,” attributing the shift to a significant rise in XRP’s value and growing demand for Ripple’s blockchain solutions.  In an interview with Citizens JMP, Garlinghouse explained that firm’s updated valuation, now surpassing $100 billion, is driven not only by growing demand for the company’s blockchain solutions but also by the surge in XRP’s price. The XRP token was trading at $2.30 at the time of writing, according to data from CoinGecko.  The CEO pointed out that the company’s private market trading has been more affordable - [US CFTC Chair Rostin Behnam Resigns, Calls for Tighter Crypto Rules](https://news.shib.io/2025/01/08/us-cftc-chair-rostin-behnam-resigns-calls-for-tighter-crypto-rules/): Rostin Behnam, the chairman of the Commodity Futures Trading Commission (CFTC), has announced his departure after a seven-year tenure at the commission. During his term, Behnam led major enforcement actions and is now urging for stricter regulations on crypto. On January 7, Behnam confirmed that he will officially step down from his role at the CFTC on January 20. His departure coincides with that of U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler, who is also set to step down on the same date. Both officials have selected the final day of President Joe Biden’s administration as their last - [Reddit NFT Community On Edge After Bianca Wyler Departs](https://news.shib.io/2025/01/08/reddit-nft-community-on-edge-after-bianca-wyler-departs/): Bianca Wyler, the leader of the Collectible Avatars (RCAs) project at Reddit, has announced her exit from the company, leaving users worried about the future of the program and its place on the platform. “My role at Reddit has come to a close. While I am saddened by this transition, I am incredibly proud of the work I accomplished during my time there,” she wrote in a LinkedIn post on January 6, announcing her departure from the company. Bianca Wyler took the helm of the RCA project in June 2024, stepping into a challenging role as the NFT initiative grappled - [Judge Pauses SEC Case Against Coinbase, Sends It to Appeals Court](https://news.shib.io/2025/01/08/judge-pauses-sec-case-against-coinbase-sends-it-to-appeals-court/): Federal Judge Katherine Polk Failla of the Southern District of New York has granted the request of Coinbase for an interlocutory appeal. The decision effectively pauses the U.S. Securities and Exchange Commission’s (SEC) lawsuit against the crypto exchange. Judge Failla approved Coinbase’s request on Tuesday, paving the way for the case to advance to the Second Circuit Court of Appeals. This development is part of its broader effort to obtain clarity on the SEC’s position regarding the classification of digital assets as securities, an issue that is central to the ongoing legal dispute. The recent ruling marks a significant setback - [The Role of TREAT in Unlocking Web3’s Potential](https://news.shib.io/2025/01/08/the-role-of-treat-in-unlocking-web3s-potential/): Shiba Inu is betting on its TREAT token to simplify Web3, making it accessible to all. Guided by Shytoshi Kusama’s vision, the upcoming token aims to eliminate the complexity of blockchain, allowing everyday users to access advanced features without needing an in-depth understanding of crypto. TREAT: A Game-Changer for Web3 As blockchain technology evolves, one of the major challenges remains its complexity. For many, navigating decentralized systems can feel daunting, with a steep learning curve and technical jargon that keeps the average user at bay. Shiba Inu, however, is taking a radically different approach with its upcoming TREAT token, designed - [Shytoshi Kusama Reveals How Shiba Inu Is Evolving into the Shib Network State](https://news.shib.io/2025/01/08/shytoshi-kusama-reveals-how-shiba-inu-is-evolving-into-the-shib-network-state/): The enigmatic visionary of the Shiba Inu ecosystem, Shytoshi Kusama, asserts that the project has evolved beyond a mere meme coin, presenting a vision of the “Shib Network State” that leverages four core tokens, a global community, and a digital territory.  Defining the Shib Network State The recent episode of Kusama’s podcast, titled, “Meme Mania and the 36 Chambers of Tech,” revealed the ambition behind Shiba Inu, transforming it from a digital currency into a self-declared sovereign entity built on blockchain. According to Kusama, the Shiba Inu project, often dismissed as a meme-driven phenomenon, qualifies as a network state based - [The Shib News Recap: Tuesday](https://news.shib.io/2025/01/07/the-shib-news-recap-tuesday-3/): This Tuesday, The Shib Daily’s top headlines are about Shytoshi Kusama’s “Meme Thesis,” the ongoing financial harm caused by the collapse of blockchain platforms, and leadership shifts, along with their potential impact on crypto regulations. Shytoshi Kusama’s Focus on Utility Memes Shiba Inu lead visionary Shytoshi Kusama recently declared on his podcast titled “Meme Mania and the 36 Chambers of Tech” that viral fame has reached a dead end. He emphasized the need for memes to have utility and governance moving forward. Kusama showcased the Shiba Inu ecosystem, including SHIB, BONE, LEASH, and TREAT, as examples of how memes can - [Michael Saylor’s Bold Plan: Burn Bitcoin After Death to Boost Value](https://news.shib.io/2025/01/07/michael-saylors-bold-plan-burn-bitcoin-after-death-to-boost-value/): Michael Saylor, executive chairman of MicroStrategy, has suggested the controversial concept of “burning” the private keys of deceased Bitcoin holders to potentially boost its value over time. In the world of Bitcoin, “burning” refers to the irreversible destruction of coins or private keys, making them permanently inaccessible. Each Bitcoin wallet is protected by a private key, a cryptographic code that grants users access to their BTC. If the private key is lost or destroyed, the funds in that wallet are essentially locked away, removing them from circulation and reducing the overall supply. Saylor’s proposal suggests that burning Bitcoin keys after - [Bitwise CEO: New Admin Could Lead to Significant Crypto Changes](https://news.shib.io/2025/01/07/bitwise-ceo-new-admin-could-lead-to-significant-crypto-changes/): Hunter Horsley, the chief executive of Bitwise Asset Management, has expressed optimism that the economic policies of President-elect Donald Trump’s administration would significantly benefit the cryptocurrency sector in the coming year. In a January 6 X post, Horsley suggested that Trump’s incoming administration may facilitate the approval of mergers and acquisitions (M&As), which could drive the growth of major companies.  Horsley pointed out that companies like Amazon and Google could potentially acquire other large players, such as Instacart and Uber. Horsley noted that this could lead to the expansion of already dominant companies while causing smaller competitors to diminish.  “The - [Federal Reserve Vice Chair Michael Barr Resigns Amid Demotion Rumors](https://news.shib.io/2025/01/07/federal-reserve-vice-chair-michael-barr-resigns-amid-demotion-rumors/): Michael Barr, the United States Federal Reserve’s vice chairman for banking supervision, has announced his resignation amid discussions by President-elect Donald Trump’s advisers about potentially demoting him. In a letter to President Joe Biden, Barr stated that his resignation would take effect on February 28. Despite stepping down from the role, Barr confirmed he would continue serving as a member of the Federal Reserve Board.  The potential decision to demote him was expected to spark a legal confrontation, raising concerns about its implications for the agency’s independence from the executive branch. According to a source familiar with the matter, Scott - [Gemini by Winklevoss Twins Settles with CFTC for $5M](https://news.shib.io/2025/01/07/gemini-by-winklevoss-twins-settles-with-cftc-for-5m/): Gemini Trust Company, the digital asset exchange co-founded by Cameron and Tyler Winklevoss, has resolved its legal dispute with the Commodity Futures Trading Commission (CFTC) by agreeing to a $5 million settlement, bringing an end to the regulatory lawsuit. Court filings submitted on Monday show that the proposed settlement allows the exchange to avert a trial, which had been scheduled to start on January 21. Per a Bloomberg report, Gemini neither admitted nor denied any wrongdoing as part of the settlement agreement. In June 2022, the CFTC filed a lawsuit against Gemini Trust Company alleging that the exchange had provided - [Do Kwon Crypto Collapse May Have Affected Over a Million Victims](https://news.shib.io/2025/01/07/do-kwon-crypto-collapse-may-have-affected-over-a-million-victims/): U.S. prosecutors have estimated that Do Kwon, the former co-founder of Terraform Labs, may have more than one million victims worldwide following the crash of the South Korean blockchain company.  In a January 6 filing with the U.S. District Court for the Southern District of New York, Acting U.S. Attorney Daniel Gitner outlined the steps to notify Kwon’s victims about their rights in relation to his ongoing criminal case. Given the large number of affected individuals and organizations, the U.S. government intends to create a specialized website to provide updates, as alternative notification methods are deemed impractical. “The Government does - [Thailand on Edge: Missing Chinese Actor Found, Southeast Asia Scams and Tourism Fears](https://news.shib.io/2025/01/07/thailand-on-edge-missing-chinese-actor-found-southeast-asia-scams-and-tourism-fears/): A real-life thriller is unfolding in Southeast Asia, where a missing Chinese actor, initially feared kidnapped into a notorious Myanmar scam center, has been located, prompting Thai authorities to scramble in response. This case highlights the growing threat of Southeast Asia scams, which are increasingly targeting tourists and cryptocurrency investors in the region. The Missing Actor: A Startling Discovery The saga began when Wang Xing, who had arrived in Thailand for what he believed was a routine television shoot, went missing in Mae Sot, a border town adjacent to Myanmar. His girlfriend raised alarms, claiming that he had lost contact - [Shytoshi Kusama's 'Meme Thesis': Utility Takes Over Crypto](https://news.shib.io/2025/01/07/shytoshi-kusamas-meme-thesis-utility-takes-over-crypto/): A seismic shift is rippling through the crypto sphere, as Shytoshi Kusama, the enigmatic visionary of the Shiba Inu ecosystem, drops a “meme thesis” that dares to redefine the very essence of meme coins.  Meme Coins: A New Era Beyond the “Pump and Dump” In a recent episode of his limited edition podcast titled, “Meme Mania and the 36 Chambers of Tech,” Kusama boldly declared that viral fame is a dead-end; memes must now wield utility and governance to become lasting forces, not fleeting sparks in the digital ether. He argued that only those projects with long-term vision, like the - [Buterin Calls for AI Pause While Altman Focuses on Superintelligence](https://news.shib.io/2025/01/06/buterin-calls-for-ai-pause-while-altman-focuses-on-superintelligence/): In the race to shape the future of AI, two of the biggest names in tech—Vitalik Buterin and Sam Altman—have drawn battle lines. Buterin calls for a bold “pause,” while Altman dives headfirst into the development of superintelligence. Buterin’s Proposal: A “Soft Pause” to Curb Unchecked AI Advancement Buterin’s latest post rocked the Artificial Intelligence world. The Ethereum co-founder is sounding alarms over AI’s unchecked rise, proposing a radical “soft pause” on industrial-scale computing. His idea? Cut global computing power by 90-99% for one to two years, buying humanity time to catch up with the rapidly advancing tech. Buterin’s reasoning - [Kusama Reveals TREAT Role In Shiba Inu's Decentralized Treasury](https://news.shib.io/2025/01/06/kusama-reveals-treat-role-in-shiba-inus-decentralized-treasury/): Breaking from traditional crypto models, Kusama reveals the unique function of TREAT in Shiba Inu as a decentralized treasury, setting a new precedent for community-driven financial decision-making. TREAT: A Departure from Centralized Funding Shytoshi Kusama, the visionary leader of Shiba Inu, recently revealed the strategic role of the TREAT token in the Shiba Inu ecosystem during his limited edition podcast, Meme Mania and the 36 Chambers of Tech. Unlike conventional cryptocurrency projects that rely on centralized organizations for funding decisions, Kusama explained that the TREAT token would operate as a decentralized treasury, giving the Shiba Inu community more control over - [Trillions Traded, Bullish Shiba Inu Trend Emerges](https://news.shib.io/2025/01/06/trillions-traded-bullish-shiba-inu-trend-emerges/): A bullish trend emerges for Shiba Inu as trillions in trading volume pour in, suggesting a ripe moment for potential gains. Shiba Inu Shows Market Strength Data from financial services platform IntoTheBlock revealed the magnitude of the market’s recent activity, showcasing that trillions of Shiba Inu (SHIB) tokens have changed hands in the past week. On January 3, the network recorded a peak of 2.59 trillion SHIB transacted, highlighting an influx of capital into the SHIB ecosystem.  While the volume saw a temporary pullback to 1.09 trillion SHIB by January 5, the persistent high level of trading activity signifies a - [$345,000 Alleged Embezzlement By Bank Manager Highlights Crypto Self-Custody Advantage](https://news.shib.io/2025/01/06/345000-alleged-embezzlement-by-bank-manager-highlights-crypto-self-custody-advantage/): $345,000 allegedly vanishes amid forged documents and forced staff complicity. The FDIC’s action against a former bank manager highlights the critical need for financial security—self-custody, a core principle in the crypto space. The FDIC’s Order and Bank of Idaho’s Failure The Federal Deposit Insurance Corporation (FDIC) issued an Order of Prohibition from Further Participation (FDIC-24-0031e) against Jessica Ann Marshall, a former branch manager at Bank of Idaho. The order detailed Marshall’s alleged theft and embezzlement of $345,664.66, occurring between June 5, 2023, and September 18, 2023.  According to the FDIC document, Marshall “stole cash and embezzled funds from the Bank,” - [Trading Platform's Biggest Holding Is Shiba Inu, Not ETH Or BTC](https://news.shib.io/2025/01/04/trading-platforms-biggest-holding-is-shiba-inu-not-eth-or-btc/): A recent SEC filing has revealed a surprising trend on a popular trading platform: its users are collectively holding more Shiba Inu (SHIB) than either Ethereum (ETH) or Bitcoin (BTC), signaling a strong embrace of the meme coin phenomenon by mainstream investors. Shiba Inu Outpaces Bitcoin and Ethereum  The filing, a 15-12G/A form indicating beneficial ownership, details that Webull, a commission-free trading platform popular with retail investors, held a staggering $111,676,210 worth of Shiba Inu for its users as of December 31, 2022. This figure surpasses the platform’s holdings of Ethereum and Bitcoin, which stood at $102,949,973 and $79,375,901, respectively.  - [Shiba Inu Visionary Explains Importance of Self-Sovereign Identity](https://news.shib.io/2025/01/04/shiba-inus-kusama-explains-importance-of-self-sovereign-identity/): As data breaches and privacy concerns continue to plague the digital landscape, Shiba Inu visionary Shytoshi Kusama is championing self-sovereign identity (SSI) as a revolutionary solution, promising individuals complete control over their digital identities and data. In the third episode of his limited edition podcast, “Meme Mania and the 36 Chambers of Tech,” Kusama explored the concept of Self-Sovereign Identity (SSI), aiming to empower individuals by allowing them to manage their digital credentials and personal information without relying on intermediaries or centralized authorities. This approach stands in stark contrast to the current system, where personal data is often stored on - [Shiba Inu Visionary Envisions: Blockchain OS Reshaping Governance](https://news.shib.io/2025/01/04/shiba-inu-visionary-envisions-blockchain-os-reshaping-governance/): The very fabric of digital power seemingly shifts as Shiba Inu visionary, Shytoshi Kusama, shares his blueprint for a blockchain operating system, a revolutionary concept poised to reshape governance as we know it. Meme Mania and the 36 Chambers of Tech The idea, recently explored by Shiba Inu’s visionary Kusama in the third episode of the limited edition podcast titled “Meme Mania and the 36 Chambers of Tech,” introduced an ambitious plan that could redefine the way digital systems are governed. His vision for a blockchain operating system (OS) stemmed from the notion that traditional nation-states had their own operating - [The Shib News Recap: Friday](https://news.shib.io/2025/01/03/the-shib-news-recap-friday-4/): Today’s top cryptocurrency headlines are focused on developments affecting regulatory scrutiny, potential Bitcoin trends in 2025, and the biggest crypto heists in December 2024. Recent Developments That Can Impact Regulatory Shifts Since its launch in September, the Tron T3 Financial Crime Unit, in partnership with Tether and TRM Labs, has frozen $100 million in USDT. The unit focuses on detecting and preventing illegal activities involving the stablecoin. It has reviewed millions of transactions globally and recently tracked over $3 billion in USDT transactions. Investigations have uncovered connections to North Korean operatives, with around $3 million in USDT possibly funding the - [Shiba Inu Showing Bullish Momentum After Resistance Break, Analyst Predicts Further Surge](https://news.shib.io/2025/01/03/shiba-inu-showing-bullish-momentum-after-resistance-break-analyst-predicts-further-surge/): Shiba Inu (SHIB) is experiencing strong bullish momentum Friday, with the token breaking through a significant resistance level, signaling potential further price gains. According to cryptocurrency trader BitGuru, SHIB has set itself up for a continued upward trend, with a target price of $0.00002280 or higher in the near future. Shiba Inu Breaks Above Key Resistance Level According to a recent X post from trader BitGuru, “$SHIB is building strong bullish momentum after breaking resistance at $0.00002238, signaling a clear upward trend. The pullback near $0.00002266 looks temporary, as buyers maintain control.” He also stated, “I’m expecting another surge with - [Celsius Appeals Ruling That Blocked $444M Claim Against FTX](https://news.shib.io/2025/01/03/celsius-appeals-ruling-that-blocked-444m-claim-against-ftx/): Celsius Network, the now-defunct crypto lending platform, has filed an appeal following Judge John Dorsey’s dismissal of its claims for damages against FTX in its bankruptcy proceedings. On December 31, Mohsin Meghji, Celsius’ litigation administrator along with its affiliated debtors, submitted a notice of appeal challenging Judge Dorsey’s memorandum opinion and order. Dorsey’s ruling rejected Celsius’ claims for $444 million in damages from FTX. This decision is part of the ongoing bankruptcy process of the defunct crypto exchange, led by Sam Bankman-Fried, aimed at settling claims and repaying creditors. The platform has been seeking to recover hundreds of millions from - [Bitcoin Could Reach $225K by 2025 - Analyst](https://news.shib.io/2025/01/03/bitcoin-could-reach-225k-by-2025-analyst/): Mike Colonnese, an analyst at the investment bank and research firm H.C. Wainwright & Co., has predicted a significant rally for Bitcoin in 2025. He forecasts that the cryptocurrency’s price could rise to $225,000 by year’s end, driven by enhanced regulatory clarity and growing institutional involvement. According to a CNBC report, Colonnese’s forecast is part of a broader wave of Bitcoin price predictions that emerged following the 2024 U.S. presidential election, where President-elect Donald Trump claimed victory. “Based on our analysis of historical price cycles and recent price action, along with the widely-held expectation for a more favorable regulatory environment - [Tron and Tether Freeze $100M USDT in Crypto Money Laundering Crackdown](https://news.shib.io/2025/01/03/tron-and-tether-freeze-100m-usdt-in-crypto-money-laundering-crackdown/): The Tron T3 Financial Crime Unit, a collaboration with Tether and TRM Labs, has successfully frozen $100 million in USDT since its establishment in September. The crime unit has made significant strides in tackling illicit financial activities within the crypto sector, playing a key role in blocking suspicious funds and improving compliance. The unit is dedicated to detecting and preventing illegal activities related to the stablecoin. T3’s initiatives involved reviewing millions of transactions across five continents. In a recent update, the unit reported tracking over $3 billion in USDT transactions.  TRM Labs, using its blockchain intelligence tools, aids in identifying - [Terraform Labs' Do Kwon Faces New Money Laundering Charge](https://news.shib.io/2025/01/03/terraform-labs-do-kwon-faces-new-money-laundering-charge/): Terraform Labs co-founder Do Kwon has been hit with a new charge of money laundering, adding to the multiple felony charges he already faces following his extradition from Montenegro. Kwon was indicted on eight felony charges in 2023, all related to the collapse of the Terra ecosystem in 2022. These charges stemmed from allegations of fraud, securities violations, and market manipulation. A superseding indictment unsealed on January 2 in the U.S. District Court for the Southern District of New York has brought new allegations against Kwon. U.S. Attorney Damian Williams claims that Kwon conspired with others to engage in money - [Biggest Crypto Heists in December 2024: DeFi Breaches and Multi-Million Dollar Losses](https://news.shib.io/2025/01/03/biggest-crypto-heists-in-december-2024-defi-breaches-and-multi-million-dollar-losses/): Blockchain security firm PeckShield has reported that the crypto industry experienced 25 hacks in December 2024, marking a significant 71% decline compared to the previous month. In a post on X, the firm revealed that the 25 crypto heists led to a total loss of $24.7 million. PeckShield also noted that these attacks targeted various sectors, including decentralized finance (DeFi) platforms and exchanges. Chart data revealed a dramatic drop in monthly losses within the crypto industry, which had peaked earlier in 2024 at a high of $574.65 million in April.  The stolen funds were traced through a variety of transaction - [The Shib News Recap: Thursday](https://news.shib.io/2025/01/02/the-shib-news-recap-thursday-5/): 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 - [New Year's TREAT](https://news.shib.io/2025/01/02/new-years-treat/): Read the latest edition of The Shib Magazine here. - [Trump’s Proposed Bitcoin Reserve Could Trigger a Global Race Among Nations - Metaplanet CEO](https://news.shib.io/2025/01/02/trumps-proposed-bitcoin-reserve-could-trigger-a-global-race-among-nations-metaplanet-ceo/): Simon Gerovich, CEO of Metaplanet, is anticipating that President-elect Donald Trump’s proposed Strategic Bitcoin Reserve could set off a ripple effect in Asia, prompting nations like Japan to adopt similar strategies to stay competitive in the digital asset space. In an interview at Michael Saylor’s lavish New Year’s Eve Bitcoin celebration in Miami, Gerovich offered his perspective on the potential global impact of a U.S. Strategic Bitcoin Reserve. Gerovich framed the scenario as a near certainty rather than a mere possibility. “The Bitcoin community helped elect Trump,” Gerovich stated. “Now, he’s expected to deliver. If America adopts Bitcoin as a - [Vitalik Buterin Calls Out Elon Musk Over Free Speech and User Bans on X](https://news.shib.io/2025/01/02/vitalik-buterin-calls-out-elon-musk-over-free-speech-and-user-bans-on-x/): Ethereum co-founder Vitalik Buterin has criticized Elon Musk, owner of X, over the platform’s “tone of discourse” and warned against silencing dissenting voices. In a December 31 post on X, Buterin responded to Musk, expressing admiration for his commitment to free speech but warning against the use of the “social media banhammer.” “Respecting free speech is easy when we agree with the speech, and hard when we think it’s awful,” Buterin wrote.  Buterin’s remarks followed an explicit post by Musk on X, where Musk defended the rights of companies to employ immigrants in the United States under H-1B visa programs. - [Syria Explores Legalizing Bitcoin to Rebuild Economy](https://news.shib.io/2025/01/02/syria-explores-legalizing-bitcoin-to-rebuild-economy/): Syria has proposed legalizing Bitcoin and digitizing its currency as part of efforts to rebuild after the fall of the Assad government. Proposed by the Syrian Center for Economic Research (SCER), the initiative aims to stabilize the nation’s war-torn economy, attract foreign investments, and address ongoing global financial challenges. Syria’s proposed plan seeks to stabilize the national currency by digitizing the Syrian pound on the blockchain, backed by Bitcoin (BTC), gold, and US dollars. The proposal also encourages the use of the country’s energy resources for Bitcoin mining, while aiming to establish a legal framework for mining and trading BTC. - [Malaysia Social Media Law: X and Google Hold Back on License Applications](https://news.shib.io/2025/01/02/malaysia-social-media-law-x-and-google-hold-back-on-license-applications/): Online platform X and tech giant Google, the owner of YouTube, have yet to apply for a social media operating license under Malaysia’s new social media law. The Anti-Fake News and Internet Regulation Act, more commonly referred to as the Social Media Regulations Act, became effective on January 1. It seeks to combat rising cybercrime and mandates that social media platforms and messaging services with over 8 million users in Malaysia obtain a license or face legal consequences. According to Bloomberg, the Malaysian Communications and Multimedia Commission (MCMC) is currently reviewing X’s assertion that its user base in Malaysia falls - [IRS Grants Temporary Relief on Crypto Tax Rules](https://news.shib.io/2025/01/02/irs-grants-temporary-relief-on-crypto-tax-rules/): The United States Internal Revenue Service (IRS) has granted temporary relief from a new rule that would have automatically assigned a less favorable accounting method to crypto holders on centralized exchanges. The IRS initially stated that if cryptocurrency investors using Centralized Finance (CeFi) brokers do not choose an accounting method such as HIFO (Highest In, First Out) or Spec ID, the broker will automatically use the FIFO (First In, First Out) method for reporting sales. In the U.S., the standard method for determining capital gains tax is FIFO. This method assumes that the earliest purchased cryptocurrency is sold first, which - [Shiba Inu Could Skyrocket 264% On Bullish Momentum, Analyst Claims](https://news.shib.io/2025/01/02/shiba-inu-could-skyrocket-264-on-bullish-momentum-analyst-claims/): Shiba Inu ($SHIB) prepares for liftoff, as a crypto analyst declares a potential 264% surge, fueled by a “major breakout” and definitive bull signals that ignite the market. Shiba Inu Bullish Analysis In a post on X (formerly Twitter) on Tuesday, Marks shared a detailed analysis of Shiba Inu’s price action, which shows the token finishing the year with a “major breakout.” Marks emphasized that the token is “holding broken out” from previous resistance levels, indicating a solid technical foundation for further price movement.  According to his chart analysis, SHIB could reach a target price of $0.000081, reflecting a potential - [Shiba Inu Hidden Power: Kusama Unveils Truth Behind Its Voting System](https://news.shib.io/2025/01/02/shiba-inu-hidden-power-kusama-unveils-truth-behind-its-voting-system/): Shiba Inu’s visionary Shytoshi Kusama, in a move defying conventional wisdom,  exposes the “hidden power” of Shiba Inu, revealing that its highly anticipated voting system functions more like a curated council than a democratic vote, shifting the dynamics of governance in the decentralized sphere. The Reality of Decentralized Voting In the second episode of his limited edition “Meme Mania and the 36 Chambers of Tech,” Kusama discussed the practical challenges of traditional voting systems within crypto communities. He shared, “most of the community’s not going to vote. They’re not going to vote on things.”  He acknowledged that the majority of - [Shytoshi Kusama Reveals TREAT and Shiba Inu's Secret Innovation Branch for AI, Marketing, and More](https://news.shib.io/2025/01/02/shytoshi-kusama-reveals-treat-and-shiba-inus-secret-innovation-branch-for-ai-marketing-and-more/): Shytoshi Kusama, in a groundbreaking announcement, pulls back the curtain, unveiling TREAT – an ambitious upcoming token poised to fuel Shiba Inu’s evolution from a meme coin into a technology-driven powerhouse. TREAT is slated to play a pivotal role within a dedicated innovation hub, likened by Kusama to a “secret branch” of government, where cutting-edge decisions about marketing and technological advancements will be made. TREAT: Shiba Inu’s ‘Secret Branch’ of Innovation In the second episode of his limited-edition podcast, “Meme Mania and the 36 Chambers of Tech,” Kusama shared his vision for TREAT, emphasizing its importance as a core driver - [Do Kwon In US Custody Following Extradition Battle](https://news.shib.io/2025/01/01/do-kwon-in-us-custody-following-extradition-battle/): Do Kwon, the co-founder and former CEO of Terraform Labs, has officially been extradited to the United States to face criminal charges related to the collapse of the Terra Luna ecosystem. Sources said that Kwon was extradited by Montenegrin authorities and Interpol at the Podgorica Airport border crossing.  On December 31, Montenegro’s Prime Minister Milojko Spajić confirmed Kwon’s extradition to the United States through a post on X.  “Our nation WELCOMES INNOVATION and legitimate crypto, AI and other tech entrepreneurs – but we have ZERO TOLERANCE FOR FRAUD,” Spajić wrote. “This extradition demonstrates our unwavering commitment to international justice and - [Yoon Suk Yeol in Legal Crosshairs as South Korea Issues Arrest Warrant](https://news.shib.io/2025/01/01/yoon-suk-yeol-in-legal-crosshairs-as-south-korea-issues-arrest-warrant/): A South Korean court has issued an arrest warrant for impeached President Yoon Suk Yeol, authorizing searches of his office and residence over rebellion allegations linked to his recent martial law declaration. According to Reuters, South Korea’s Corruption Investigation Office for High-ranking Officials confirmed that the Seoul Western District Court approved the arrest warrant on Tuesday. This marks the first instance of a South Korean president facing a detention warrant. However, experts suggest that detention or searches are unlikely unless Yoon is officially removed from office. The agency confirmed that it is investigating whether Yoon’s declaration of martial law on - [Shiba Inu $1B Daily Volume Challenges Meme Coin Label, Kusama Explores Nation-State Potential](https://news.shib.io/2025/01/01/shiba-inu-1b-daily-volume-challenges-meme-coin-label-kusama-explores-nation-state-potential/): With a daily transactional volume often exceeding one billion dollars, SHIB’s GDP calculation challenges its categorization as simply a meme coin, as Shytoshi Kusama, the elusive visonary behind the Shiba Inu ecosystem, explored its potential as a future digital nation-state during his recent podcast, inviting questions about the very nature of digital communities and their economic influence. The GDP of Shiba Inu: A New Perspective This week, Kusama explored the concept of a nation-state when discussing Shiba Inu. According to Kusama, “When a country figures out its GDP, there are various ways to calculate it. But overall, it is a - [Shytoshi Kusama Explains Four-Token System Of Shiba Inu](https://news.shib.io/2025/01/01/shytoshi-kusama-explains-four-token-system-of-shiba-inu/): Shytoshi Kusama, the elusive visionary behind the Shiba Inu ecosystem, in a rare and candid revelation, unveils the intricate workings of the project’s groundbreaking four-token system—offering a glimpse into how this once-playful meme coin is now reshaping the crypto landscape with serious ambition. The Four Pillars of Shiba Inu Kusama detailed the intentional design behind Shiba Inu’s unique four-token system, stating the vision was “based on the structure of the United States government.” He noted, “When you look at the United States government, arguably, very arguably, one of the best structures ever designed, if it was set up properly and - [Elon Musk's Kekius Maximus Name Change Sparks Meme Coin Frenzy](https://news.shib.io/2025/01/01/elon-musks-kekius-maximus-name-change-sparks-meme-coin-frenzy/): Elon Musk, owner and executive chairman of X, recently changed his display name to Kekius Maximus, sparking widespread attention and fueling interest in the meme coin KEKIUS.  Kekius Maximus combines elements of the widely recognized Pepe the Frog internet meme with the legendary Maximus Decimus Meridius from the award-winning film Gladiator. The depiction features Pepe outfitted in full gladiator armor, creating a humorous yet oddly heroic figure that resonates with fans of both internet culture and cinematic epics. On December 31, Musk updated his X profile to reflect his new persona and followed it up with a series of posts - [Vitalik Buterin Donates $170K to Tornado Cash Developers’ Legal Defense](https://news.shib.io/2025/01/01/vitalik-buterin-donates-170k-to-tornado-cash-developers-legal-defense/): Vitalik Buterin, co-founder of Ethereum, has made another major donation to the legal defense fund for Tornado Cash developers Roman Storm and Alexey Pertsev. In a December 31 X post from the Juicebox project Free Pertsev and Storm, it was revealed that Buterin contributed 50 Ether, valued at approximately $170,000. “Thank you @VitalikButerin for helping us end the year on a good note,” the post wrote. Storm revealed that his legal defense fund, managed through JusticeDAO, currently has $650,000 in available support. Pertsev and Storm are facing legal challenges due to their involvement with the cryptocurrency mixing service Tornado Cash. - [CFTC vs. Gemini Trial Postponed to Jan 21](https://news.shib.io/2025/01/01/cftc-vs-gemini-trial-postponed-to-jan-21/): Judge Alvin Hellerstein, a New York federal judge, has postponed the trial between the Commodity Futures Trading Commission (CFTC) and Gemini Trust Company by six days, emphasizing that no further delays will be granted. The CFTC vs. Gemini trial, originally set for January 13, has been rescheduled to begin the day after President-elect Donald Trump’s inauguration, pushing the start of the civil case into the new administration. This move could influence the CFTC’s approach to Gemini and other cryptocurrency firms, as regulatory priorities may shift under the new leadership of the incoming administration. The December 30 filing did not specify - [KIKI: The Internet's Favorite Cat Sets Its Sights on Dominating Web3](https://news.shib.io/2025/01/01/kiki-the-internets-favorite-cat-sets-its-sights-on-dominating-web3/): KIKI, once content captivating the masses on Giphy, now boldly steps into the Web3 arena, a playful meme coin with serious ambitions, poised to carve its way to the top and become a dominant force in this new digital world. $KIKI, a meme cat that garnered significant attention on Giphy, made a notable entry into the Web3 space, fueled by a strategy that combined its well-known internet presence with artificial intelligence and a network of strategic partnerships. The project, which achieved a $120 million market capitalization within five days of its December 2024 launch, sought to capitalize on its existing - [NFT in Art: The Future of Digital Creativity and Ownership](https://news.shib.io/2024/12/31/nft-in-art-the-future-of-digital-creativity-and-ownership/): Non-fungible tokens (NFTs) have emerged as one of the most revolutionary innovations in the digital era, disrupting traditional models of ownership and value in art, entertainment, and collectibles. By leveraging blockchain technology, seeing NFT in art has created unique, verifiable digital assets that are redefining how creators, collectors, and audiences interact.  NFTs and the Art World Non-fungible tokens (NFTs) have revolutionized the art world, offering artists new ways to monetize their work and connect with global audiences. NFTs provide a way to prove authenticity and ownership of digital and physical art pieces, transforming traditional concepts of value and provenance.  This intersection - [Coinbase Delists USDT, Critics Say 'Don’t Believe The FUD'](https://news.shib.io/2024/12/31/coinbase-delists-usdt-critics-say-dont-believe-the-fud/): U.S.-based cryptocurrency exchange Coinbase has moved to delist Tether (USDT) for European Union customers, citing compliance concerns with the EU’s Markets in Crypto-Assets (MiCA) regulations. Experts, however, argue that the decision appears unusual and potentially premature.  As the EU’s MiCA regulations impose stricter compliance requirements on stablecoin issuers, concerns over USDT’s ability to meet these standards have sparked speculation about its future in the region. Earlier this month, Coinbase announced it would delist USDT for its European customers, with its implementation on December 30.  Coinbase’s decision has sparked considerable debate, with some praising the exchange for taking a proactive approach, - [Unmasking Crypto Scams: Tips to Protect Your Investments From Fraud](https://news.shib.io/2024/12/31/unmasking-crypto-scams-top-tips-to-protect-your-investments-from-fraud/): As cryptocurrency continues to gain popularity, so does its appeal to scammers and cybercriminals. While the decentralized and anonymous nature of digital currencies offers numerous benefits, it also presents unique opportunities for fraudsters to exploit unsuspecting users. As more individuals and institutions turn to digital assets, scammers are becoming increasingly sophisticated, leveraging new tactics and tools to deceive unsuspecting users. Whether you’re a seasoned investor or a newcomer, understanding common scams and how to protect yourself is crucial for managing the digital currency world safely. Notorious Crypto Scams Recent cryptocurrency scams have showcased the growing sophistication of fraudsters targeting digital - [Crypto in Hollywood: How Digital Assets are Making a Mark in Movies and TV](https://news.shib.io/2024/12/31/crypto-in-hollywood-how-digital-assets-are-making-a-mark-in-movies-and-tv/): Cryptocurrency has captivated the world with its potential to revolutionize finance, and Hollywood is no exception. Over the years, crypto in Hollywood has risen, finding its way into movies, TV shows, and even documentaries. From futuristic thrillers to dramas centered on blockchain technology, Hollywood has explored the highs and lows of the digital asset world. As cryptocurrencies continue to shape the global economy, their presence in entertainment has become an intriguing reflection of society’s evolving relationship with digital currencies and decentralized finance. Several TV shows and movies have featured cryptocurrency as part of their plotlines, showcasing both the potential and - [Crypto in Sports: How Blockchain is Changing the World of Athletics](https://news.shib.io/2024/12/31/crypto-in-sports-how-blockchain-is-changing-the-world-of-athletics/): The rise of crypto in sports is transforming the industry in surprising ways. From athlete endorsements and team sponsorships to ticketing and fan engagement, digital currencies and blockchain technology are reshaping how fans, teams, and players interact. As the relationship between crypto and sports continues to evolve, it opens up exciting opportunities while also raising questions about sustainability, security, and long-term impact. Crypto in Sports: A New Era of Sponsorship Cryptocurrency companies have increasingly sought to establish their presence in mainstream arenas, and sports sponsorships have proven to be an effective vehicle. Major crypto brands, including exchanges like Coinbase, Binance, - [Kusama Unveils Shiba Inu’s Origins and the 36 Chambers of Tech](https://news.shib.io/2024/12/31/shytoshi-kusama-unveils-shiba-inus-origins-and-the-36-chambers-of-tech/): A rare moment of authenticity emerges as Shytoshi Kusama, the elusive visionary behind the Shiba Inu ecosystem, shatters his silence. With the launch of Shy Speaks, a limited edition podcast, Kusama takes center stage in its pilot episode, unlocking the door to his enigmatic world. He offers an intimate dive into his origins, peeling back the layers to reveal the true essence of his identity as a pioneering force within the fiercely passionate Shiba Inu community. Kusama: The Genesis of Shiba Inu The pilot episode, released today, unfolded as a narrative of personal transformation and technological ambition, offering a unique - [Solana Co-Founder Faces Legal Battle Over Alleged Crypto Theft from Ex-Wife](https://news.shib.io/2024/12/30/solana-co-founder-faces-legal-battle-over-alleged-crypto-theft-from-ex-wife/): Stephen Akridge, co-founder of the Solana (SOL) blockchain platform, has found himself in a legal dispute with his ex-wife, Elisa Rossi, over allegations of misappropriating millions in SOL token earnings. In a lawsuit filed in San Francisco Superior Court, Rossi accused Akridge of using his expertise in cryptocurrencies to illicitly redirect staking rewards from her digital wallet.  Staking is a process where cryptocurrency holders lock up their assets to help validate blockchain transactions. Consequently, holders earn rewards in the form of additional tokens. This practice is a popular method for crypto investors to generate passive income, particularly with assets like - [Galaxy Digital Research Head Predicts US Will Not Purchase More Bitcoin in 2025](https://news.shib.io/2024/12/30/galaxy-digital-research-head-predicts-us-will-not-purchase-more-bitcoin-in-2025/): Alex Thorn, Head of Research at Galaxy Digital, has forecasted “some movement” from the U.S. government to explore an “expanded Bitcoin reserve policy.” He predicts, however, that no Bitcoin (BTC) will be purchased in 2025. In a recent X thread, Galaxy Digital’s research team projected that the U.S. government will focus on protecting its current Bitcoin holdings throughout 2025. In the report, Thorn explains that while discussions around a potential Bitcoin reserve policy may advance, the government is likely to prioritize managing its current holdings. According to blockchain analytics platform Spot on Chain, the U.S. government currently holds approximately 183,850 - [Japanese Financial Regulator Proposes Reclassification of Cryptocurrency](https://news.shib.io/2024/12/30/japanese-financial-regulator-proposes-reclassification-of-cryptocurrency/): Japan’s Financial Services Agency (FSA) has proposed recognizing tokens like Bitcoin (BTC) as “financial assets” in its fiscal year 2025 tax reform request. This proposal aims to reclassify cryptocurrency to validate its status in the financial market. According to local news outlet CoinPost and an FSA document, discussions on integrating financial income taxation in Japan could lead to a review of the existing tax policies governing cryptocurrencies. Japan’s Payment Services Act currently categorizes cryptocurrencies as “payment instruments.”  A shift toward defining them as investment assets could mark a significant step in legitimizing digital currencies within the financial sector. The FSA’s - [Montenegro Approves Do Kwon's Extradition to the US](https://news.shib.io/2024/12/30/montenegro-approves-do-kwons-extradition-to-the-us/): Bojan Božović, Montenegro’s Minister of Justice, has authorized the extradition of Do Kwon, the South Korean entrepreneur and Terraform Labs co-founder, to the United States. This ends a prolonged legal dispute related to his role in the collapse of Terraform Labs. Both the U.S. and South Korea had been pursuing the extradition of Kwon in connection with the catastrophic $60-billion collapse of the TerraUSD and LUNA tokens. The collapse of TerraUSD in 2022 triggered a wave of financial failures. This includes the bankruptcy of major firms like Three Arrows Capital, BlockFi, and FTX. As the fallout from the collapse unfolded, - [Crypto Council CEO Sheila Warren's X Account Hacked to Promote Scam Token](https://news.shib.io/2024/12/30/crypto-council-ceo-sheila-warrens-x-account-hacked-to-promote-scam-token/): The Crypto Council for Innovation (CCI), a leading crypto industry advocacy group, confirmed in a recent social media post that CEO Sheila Warren’s X account was compromised on December 26 and used to promote the fake SPELL token. Warren’s compromised X account falsely promoted $SPELL as an artificial intelligence and cryptocurrency project designed for Web3 and the Solana network. The posts also included a contract address and additional promotional material for the token. “This is a scam and NOT Sheila Warren. We are working to resolve the issue. Disregard any tweets and do not click on any links,” the CCI - [Shytoshi Kusama Drops Massive Surprise to TREAT Fans](https://news.shib.io/2024/12/30/shytoshi-kusama-drops-massive-surprise-to-treat-fans/): The Shib Army is buzzing: Shytoshi Kusama drops a bombshell, announcing “Shy Speaks,” a 44-episode podcast promising to unravel the mysteries of the Shiba Inu ecosystem and its crucial TREAT token. Kusama Personal Touch: An Inside Look at Shiba Inu The excitement across the Shiba Inu ecosystem reached fever pitch over the weekend when Kusama, the enigmatic visionary behind Shiba Inu, dropped a bombshell announcement on X (formerly Twitter). This time, it wasn’t another cryptic message or new development, but something a bit more personal — Shy Speaks, a brand-new podcast series where Kusama himself will offer an inside look - [IRS New DeFi Rule Faces Fiery Legal Challenge](https://news.shib.io/2024/12/30/irs-new-defi-rule-faces-fiery-legal-challenge-the-fight-for-cryptos-survival/): A rebellion brews in the digital realm: the cryptocurrency industry is not backing down, as three major advocacy groups file a lawsuit against the Internal Revenue Service (IRS), challenging new rules that could fundamentally alter the way DeFi operates. The fight is on, and the outcome is far from certain. Conversations about the future of decentralized finance moved to the courtroom. The DeFi Education Fund, the Blockchain Association, and the Texas Blockchain Council contested the IRS’s move to classify DeFi platforms as “brokers.” arguing it oversteps the agency’s authority, violates the Administrative Procedure Act (APA), and is unconstitutional. Lawsuit vs. - [The Rise of SBF Pardon Speculation: Crypto Ties, Political Influence, and Legal Uncertainty](https://news.shib.io/2024/12/30/the-rise-of-sbf-pardon-speculation-crypto-ties-political-influence-and-legal-uncertainty/): A storm of controversy brews as the possibility of a presidential pardon for convicted fraudster Sam Bankman-Fried (SBF) gains traction, raising questions about justice and political power. The saga of Bankman-Fried, the disgraced founder of FTX, takes another unexpected turn as whispers of a potential presidential pardon gain traction, fueled by high-profile figures and shifting political winds. Just months after receiving a 25-year sentence for fraud and embezzlement, the possibility of SBF’s early release is becoming a topic of intense speculation, raising questions about the intersection of crypto, politics, and the power of clemency. The rumors of a pardon have - [The Tech Powering the New Shib Alpha Layer](https://news.shib.io/2025/06/16/shib-alpha-layer/): The Shib Alpha Layer is setting a new direction for the Shiba Inu ecosystem, introducing encrypted smart contracts, ultra-fast transactions, and a unified user experience.  In a major announcement, lead developer Kaal Dhairya unveiled Shib Alpha Layer (beta)—a rollup abstraction stack designed to scale Shibarium while providing groundbreaking privacy features. “Today we flip the script,” Kaal declared.  “For years we’ve been called ‘just a meme,’ spammed with Wen Shibarium?, and drowned in FUD from bots, burnt deadweight ex-team but instead of arguing, we shipped.” What Makes Shib Alpha Layer Different? At the heart of this development is Fully Homomorphic Encryption - [Trump Pushes Clear Crypto Regulations as Senate Preps GENIUS Act Vote](https://news.shib.io/2025/06/16/trump-pushes-clear-crypto-regulations-as-senate-preps-genius-act-vote/): In a surprise recorded message at Coinbase’s 2025 State of Crypto Summit, President Donald Trump has criticized the Biden administration’s tough stance on crypto regulations and has reaffirmed his commitment to positioning the U.S. as the world’s “crypto capital” through more crypto-friendly policies. Trump emphasized that from the very first day of his term, his administration moved to halt what he described as the Biden administration’s “absolute war” on cryptocurrency, characterizing the previous approach as highly unfair. “We ended Operation Chokepoint 2.0, I created the first presidential working group on digital assets, I named a pro-freedom, pro-innovation SEC chair—a great - [Circle’s Jeremy Allaire Says Stablecoins Near Breakout Moment](https://news.shib.io/2025/06/16/circles-jeremy-allaire-says-stablecoins-near-breakout-moment/): Jeremy Allaire, CEO of fintech giant Circle, forecasts that stablecoins will soon draw as much developer interest as the iPhone, signaling a major shift in digital finance innovation. Following Circle’s debut on the New York Stock Exchange, its CEO weighed in on the role of stablecoins via a post on X, responding to a16z Crypto partner Sam Broner who argued that stablecoins promote competition within the financial system. “The highest utility form of money ever created,” Allaire wrote. “And we are not quite yet at the iPhone moment when developers everywhere realize the power and opportunity of programmable digital dollars - [Trump Media Gets SEC Nod for $2.3B Bitcoin-Linked Stock Deal](https://news.shib.io/2025/06/16/trump-media-gets-sec-nod-for-2-3b-bitcoin-linked-stock-deal/): Trump Media & Technology Group (TMTG), the company behind President Donald Trump’s Truth Social, has cleared a major regulatory hurdle as its $2.3 billion Bitcoin treasury plan received approval from the U.S. Securities and Exchange Commission (SEC). A filing dated June 13 confirmed that the SEC declared effective TMTG’s S-3 registration statement, originally submitted on June 6. According to the filing, Trump Media’s registration covers around 56 million shares, along with another 29 million shares connected to convertible notes. These shares are part of the company’s larger equity and debt arrangements involving about 50 investors.  The combined equity and debt - [Vietnam Digital Asset Law Recognizes Crypto in Major Regulatory Shift](https://news.shib.io/2025/06/16/vietnam-digital-asset-law-recognizes-crypto-in-major-regulatory-shift/): Vietnam has taken a major step toward regulating crypto with the passage of its new digital asset law, officially recognizing digital assets under national legislation. The law defines crypto as assets that use encryption or related technologies for their creation, issuance, storage, and transfer. Vietnam’s newly approved digital asset law will introduce two distinct classifications: virtual assets and crypto assets, according to local media. Virtual assets, described as a form of digital asset used for exchange or investment, will be treated separately from securities, fiat-backed digital currency, and other financial instruments already covered by civil or financial regulations. Crypto assets, - [Coins and Tokens Explained: A Must-Know for Every Crypto Beginner](https://news.shib.io/2025/06/16/coins-and-tokens-explained-a-must-know-for-every-crypto-beginner/): Welcome to the wild and wonderful world of crypto, where digital money and futuristic tech collide! If you’ve dipped your toes into this space, you’ve probably heard the terms coins and tokens tossed around like confetti at a party. But what exactly are they, and why should you care? Understanding the difference between coins and tokens isn’t just crypto jargon—it’s your secret weapon to navigate the space like a pro. Whether you’re thinking about investing, trading, or just want to sound smart at your next Zoom call, knowing these basics helps you avoid confusion and spot the right opportunities. Don’t - [X Account](https://news.shib.io/2025/06/15/the-shib-x-account/): Real-time crypto coverage as it happens. - [LinkedIn Page](https://news.shib.io/2025/06/15/the-shib-linkedin-page-2/): Sharp crypto insights for the Web3 professional. - [Facebook Page](https://news.shib.io/2025/06/15/the-shib-linkedin-page/): Bringing Shib Daily’s reports to your feed. - [Instagram Account](https://news.shib.io/2025/06/15/the-shib-instagram-account/): Visual highlights of the latest headlines - [TikTok Account](https://news.shib.io/2025/06/15/the-shib-tiktok-account/): Fast, fresh crypto news — direct from the newsroom - [YouTube Channel](https://news.shib.io/2025/06/15/the-shib-youtube-channel/): Breaking down the biggest stories with videos and explainers. - [Shib Super Layer](https://news.shib.io/2025/06/13/shib-super-layer/) - [Massive $SHIB Giveaway: 30M+ Up for Grabs in Epic 'Legends Quest'](https://news.shib.io/2025/06/13/massive-shib-giveaway-30m-up-for-grabs-in-epic-legends-quest/): Astra Nova just kicked off with The Legends Quest and it’s shaping up to be the project’s biggest push yet to bring its growing Web3 gaming world closer to the Shiba Inu community. This new campaign, which launched Monday, features more than 30 million Shiba Inu ($SHIB) tokens in monthly rewards. That’s right—30 million SHIB, ready to be claimed by anyone who can climb the leaderboard.  It’s a clever way to drive engagement ahead of something bigger: Astra Nova says this whole quest is leading up to a major collaboration announcement with the Shiba Inu ecosystem, expected very soon. So, - [New Shib Rollups Unlocks Custom Blockchains on Shibarium](https://news.shib.io/2025/06/13/new-shib-rollups-unlocks-custom-blockchains-on-shibarium/): Shib Rollups is now live, as Shiba Inu pushes deeper into blockchain infrastructure with a new platform that lets developers launch their own customizable Layer 2 blockchains on Shibarium.  The announcement, made Thursday, signals Shiba Inu’s official entry into the fast-growing Rollups-as-a-Service (RaaS) space, offering dedicated blockchain environments for decentralized applications (dApps). How Shib Rollups Expands the Ecosystem The Shib Rollups is powered by Shiba Inu’s recently introduced Shib Alpha Layer, a key component of the network’s evolving architecture. This infrastructure is designed to handle transaction sequencing and data coordination across multiple rollups, making it possible for projects to build - [Ethereum Foundation Under Fire: Dev Alleges 'Secret Team'](https://news.shib.io/2025/06/13/ethereum-foundation-under-fire-dev-alleges-secret-team/): Péter Szilágyi, lead developer for Geth and former Ethereum Foundation (EF) employee, has accused the organization of both undermining his team and secretly establishing a parallel Geth development unit. In a post on X, Szilágyi detailed various methods by which the organization allegedly sought to weaken the Geth development team. These included urging developers to pursue opportunities at other companies, suggesting reductions in their compensation, and proposing a $5 million payment for the team to transition into a private entity. “Did you all know EF started (and funded) a second Geth team [inside Nethermind]? One “100% independent fork from us, - [Disney, Universal Challenge Midjourney in Copyright Clash](https://news.shib.io/2025/06/13/disney-universal-challenge-midjourney-in-copyright-clash/): Entertainment powerhouses Disney and Universal have initiated legal action against artificial intelligence (AI) firm Midjourney, alleging copyright infringement by its image-generating software. This lawsuit follows the AI company’s reported disregard for requests to implement measures preventing the unauthorized use of copyrighted material. In a legal complaint submitted Wednesday in Los Angeles, Disney, and Universal contend that Midjourney has utilized copyrighted character works to train its large language model (LLM) and subsequently distributed images featuring these protected characters. “Midjourney, however, seeks to reap the rewards of Plaintiffs’ creative investment by selling an artificial intelligence (“AI”) image-generating service (“Image Service”) that functions - [Crypto Kidnapping: French Police Apprehend More Suspects in Brutal Case](https://news.shib.io/2025/06/13/crypto-kidnapping-french-police-apprehend-more-suspects-in-brutal-case/): French authorities have reportedly apprehended multiple individuals in connection with a recent crypto kidnapping case involving the abduction of a cryptocurrency entrepreneur’s father, who was held captive for several days in May. According to local reports, a source familiar with the case noted that the several individuals that were taken into custody were likely connected to the kidnapping of a crypto entrepreneur’s father which occurred in broad daylight within Paris’s southern 14th arrondissement, where four masked assailants forcibly moved the victim into a delivery van while onlookers observed. The crypt entrepreneur’s father, abducted in early May, was held captive for - [Binance Opens Full Crypto Trading in Syria After Sanctions Lift](https://news.shib.io/2025/06/13/binance-opens-full-crypto-trading-in-syria-after-sanctions-lift/): Binance, the world’s leading cryptocurrency exchange, has announced it will now permit users in Syria to engage in cryptocurrency trading, including assets such as Bitcoin (BTC), SHIB, and XRP. This expansion follows the United States’ decision last month to lift economic sanctions previously imposed on the country. “We believe financial freedom should be accessible to everyone. And now, with US sanctions lifted, we’re excited to announce that Syrian residents can finally join our 270 M+ global users shaping the future of finance,” Binance wrote in an official statement on X.  Binance further clarified that Syrian nationals will be granted comprehensive - [Smart Contracts: Revolutionizing Trust and Automation Principles](https://news.shib.io/2025/06/13/smart-contracts-revolutionizing-trust-and-automation-principles/): Ever felt the frustration of a deal bogged down by endless paperwork, phone calls, or costly middlemen? Traditional agreements, from big business deals to simple online purchases, often bring hidden friction, delays, and a reliance on others to ensure things go smoothly. But what if agreements could enforce themselves, automatically? That’s where smart contracts come in. Imagine a digital agreement that lives on a secure, public record called a blockchain. Unlike paper contracts, smart contracts are self-executing: when certain conditions are met, the deal automatically carries out its terms, no human needed, and no one can tamper with it once - [Russian Devices Hijacked for Covert Crypto Mining & Key Theft](https://news.shib.io/2025/06/12/russian-devices-hijacked-for-covert-crypto-mining-key-theft/): The Librarian Ghouls APT group has covertly leveraged Russian business computers, transforming them into illicit crypto mining operations while simultaneously exfiltrating sensitive financial data and private keys. According to research from Kaspersky, the Librarian Ghouls APT group, also identified as Rare Werewolf and Rezet, orchestrated a dual-purpose cyberattack. This sophisticated campaign covertly leverages victims’ own hardware for crypto mining while simultaneously stealing sensitive crypto wallet credentials and private keys through targeted phishing. This cybercriminal operation reportedly gains unauthorized remote access to deploy Monero mining software on victim machines, while simultaneously extracting valuable cryptocurrency wallet credentials and private keys. The scheme - [NYC Crypto Kidnapping: Not Guilty Pleas in Torture Case](https://news.shib.io/2025/06/12/nyc-crypto-kidnapping-not-guilty-pleas-in-torture-case/): Defendants John Woeltz and William Duplessie have entered not-guilty pleas to all charges related to the alleged crypto kidnapping and false imprisonment of cryptocurrency holder Michael Valentino Teofrasto Carturan during his visit to New York City.  According to a report by Reuters, Woeltz and Duplessie were denied bail by Justice Gregory Carro during their appearance in a Manhattan court, where they face charges that could lead to a life sentence upon conviction. Woeltz and Duplessie’s legal team challenged the prosecution’s narrative of Carturan’s torture. Sam Talkin, representing Duplessie, asserted that the purported victim was “having the time of his life” - [US Senate Advances GENIUS Act Stablecoin Bill Amid Concerns](https://news.shib.io/2025/06/12/us-senate-advances-genius-act-stablecoin-bill-amid-concerns/): The U.S. Senate has voted 68-30 to advance the GENIUS Act, a stablecoin regulation bill, overcoming weeks of legislative stalemate previously linked to concerns surrounding President Donald Trump’s cryptocurrency ties. Speaking from the Senate floor on June 11, Majority Leader John Thune advocated for the bill’s passage, aligning with sentiments expressed by President Trump regarding digital assets, notably the aspiration to establish the U.S. as a global “crypto capital.” A bipartisan majority of senators, including numerous Democrats, cast votes to invoke cloture on the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act. This procedural step clears the - [Nailwal Takes Helm as Polygon CEO, Charts New Future for POL](https://news.shib.io/2025/06/12/nailwal-takes-helm-as-polygon-ceo-charts-new-future-for-pol/): In a significant leadership shift for the Polygon ecosystem, co-founder Sandeep Nailwal has announced he is taking full executive control as the first CEO of the Polygon Foundation. Nailwal confirmed his assumption of the CEO role in a recent announcement on X — clarifying that Marc Boiron will retain his position as CEO of Polygon Labs, a significant entity operating under the Foundation’s ownership and oversight. Nailwal said that his decision to assume the CEO role stems from his conviction that Polygon requires clear direction and focused execution during its current phase. “With a healthy treasury and several hundred million - [How To Identify and Evaluate Promising Web3 Projects (Beyond the Hype)](https://news.shib.io/2025/06/12/how-to-identify-and-evaluate-promising-web3-projects-beyond-the-hype/): Let’s dive into the exciting, sometimes bewildering, world of Web3 projects! It’s like stepping into a futuristic carnival where everyone’s shouting about the next big thing, glittering prizes are promised, and shiny new rides pop up every day. But, much like a real carnival, there’s also a lot of noise, a few rigged games, and maybe even a clown or two trying to trick you.  Sorting through the genuine breakthroughs to find Web3 projects with real staying power can feel like trying to find a needle in a digital haystack, especially with all the hype, technical jargon, and unfortunate scams - [Upgrade Your DeFi Game: ShibaSwap 2.0 Makes Migration Seamless](https://news.shib.io/2025/06/11/upgrade-your-defi-game-shibaswap-2-0-makes-migration-seamless-2/) - [ShibaSwap 2.0 Introduces APR Display: A New Tool Empowers Liquidity Providers](https://news.shib.io/2025/06/11/shibaswap-2-0-introduces-apr-display-a-new-tool-empowers-liquidity-providers-2/) - [ShibaSwap 2.0 Unleashes A New Era of Seamless Trading With Multi-Hop Swaps](https://news.shib.io/2025/06/11/shibaswap-2-0-unleashes-a-new-era-of-seamless-trading-with-multi-hop-swaps-2/) - [ShibaSwap 2.0 Makes Earning Easier: Claim Rewards Without Withdrawing Liquidity](https://news.shib.io/2025/06/11/shibaswap-2-0-makes-earning-easier-claim-rewards-without-withdrawing-liquidity/) - [OpenAI Delays Open Model After Widespread ChatGPT Outage](https://news.shib.io/2025/06/11/openai-delays-open-model-after-widespread-chatgpt-outage/): Artificial intelligence (AI) firm OpenAI has pushed back the release of its open-source AI model, now expected later this summer, without disclosing specific reasons for the delay. “[W]e are going to take a little more time with our open-weights model, i.e. expect it later this summer but not [J]une,” OpenAI CEO Sam Altman wrote in a post on X, confirming the delay. He added that the AI firm’s research team achieved something “unexpected and quite amazing,” and the company believes the delay will be justified, though more time is needed. The AI firm initially planned to launch its open-weight model - [American Bitcoin Stacks $23M in BTC Ahead of Public Market Debut](https://news.shib.io/2025/06/11/american-bitcoin-stacks-23m-in-btc-ahead-of-public-market-debut/): Bitcoin mining company American Bitcoin (ABTC), backed by President Donald Trump’s sons, Eric Trump and Donald Trump Jr., has quietly accumulated $23 million in Bitcoin as it prepares to go public through a merger with crypto infrastructure firm Gryphon Digital Mining Inc. A June 6 filing with the U.S. Securities and Exchange Commission (SEC) revealed that ABTC acquired around 215 Bitcoin as of May 31, less than two months after launching operations on April 1, 2025.  The company’s recent accumulation strategy signals its broader ambitions, positioning itself not just as a mining operation but also as a long-term holder of - [Senator Lummis Calls for Crypto Tax Reform to Address Unfair Tax Rules](https://news.shib.io/2025/06/11/senator-lummis-calls-for-crypto-tax-reform-to-address-unfair-tax-rules/): Wyoming Senator Cynthia Lummis has urged reform of the current crypto tax policy, noting that Bitcoin and other digital assets have been unfairly impacted by flawed tax regulations. “Bitcoin and digital assets are being unfairly targeted because of flawed tax rules. We need crypto revisions in reconciliation,” Senator Lummis wrote in a June 10 X post.  Senator Lummis, often dubbed Congress’s “Crypto Queen,” has taken a leading role in advancing cryptocurrency policy through her introduction of the BITCOIN Act. This legislation seeks to formalize President Donald Trump’s executive order by establishing a strategic Bitcoin reserve at the federal level. At - [House Agriculture Committee Advances CLARITY Act to Clarify Crypto Rules](https://news.shib.io/2025/06/11/house-agriculture-committee-advances-clarity-act-to-clarify-crypto-rules/): The U.S. House Agriculture Committee has voted to advance the CLARITY Act, a legislative proposal aimed at establishing a formal regulatory framework for digital assets. The vote comes as members of the House Financial Services Committee simultaneously reviewed a developer-focused amendment to the bill. Lawmakers on the House Agriculture Committee voted 47-6 on Tuesday to move the Digital Asset Market Clarity Act forward, signaling strong bipartisan support for creating clear rules around digital assets.  Committee Chair GT Thompson, in his opening remarks, confirmed that the bill is set to move to the full House for consideration. He noted that lawmakers - [Heard These 10 Crypto Terms? Here’s What They Actually Mean](https://news.shib.io/2025/06/11/heard-these-10-crypto-terms-heres-what-they-actually-mean/): Crypto terms can sometimes feel like a secret language—full of buzzwords that make newcomers scratch their heads. If you’ve ever stared at your screen wondering what on earth “HODL,” “FOMO,” or “staking” means, you’re not alone. The crypto world is packed with jargon that can sound like a whole different universe, but don’t worry—we’re here to break it down for you. Understanding these key crypto terms is your golden ticket to navigating the wild world of cryptocurrencies without feeling lost or overwhelmed. Knowing what people are actually talking about helps you make smarter decisions, join conversations with confidence, and maybe - [Evita Pay CEO Charged with Laundering $530M from Sanctioned Russian Banks](https://news.shib.io/2025/06/10/evita-pay-ceo-charged-with-laundering-530m-from-sanctioned-russian-banks/): Iurii Gugnin, founder of crypto startup Evita Pay, has been charged by the U.S. Department of Justice (DOJ) with multiple offenses tied to international money movement. Prosecutors allege he used his cryptocurrency platform to route more than $500 million in overseas payments through U.S. banks and exchanges while concealing their origin and purpose. Gugnin was arrested and arraigned in New York on Monday, according to a press release from the DOJ. The Evita Pay founder now faces a 22-count indictment that includes charges of wire and bank fraud, conspiracy to defraud the United States, violating the International Emergency Economic Powers - [Telegram Founder Pavel Durov Questions Arrest in France: ‘I’m Still Confused’](https://news.shib.io/2025/06/10/telegram-founder-pavel-durov-questions-arrest-in-france-im-still-confused/): Telegram founder Pavel Durov has said he still doesn’t know why he was detained by French authorities in August 2024. In a new interview with political commentator Tucker Carlson, he suggested the incident may have been politically motivated and possibly linked to government scrutiny over alleged illicit activity on the messaging app. In a June 10 YouTube interview, Durov revealed that during his arrest at Le Bourget Airport near Paris last year, French authorities seemed chiefly focused on understanding the inner workings of the cloud-based messaging platform.  Durov noted that Telegram is audited by a Big Four accounting firm, works - [Bitcoin Scam Hits Paraguay President’s X Account with Fake Adoption Claims](https://news.shib.io/2025/06/10/bitcoin-scam-hits-paraguay-presidents-x-account-with-fake-adoption-claims/): Paraguayan President Santiago Peña’s office has disavowed an unauthorized post from his official X account that claimed the country would adopt Bitcoin as legal tender, calling it a false announcement tied to a Bitcoin scam. A June 9 post from President Peña’s official X account confirmed the account had been compromised and used to spread false information related to Bitcoin. The statement noted that the account is now under the oversight of CERTPY, a powerful cybersecurity tool, and advised the public to disregard any unverified content. The confirmation of the breach came shortly after the president’s official account published a - [UK Insolvency Service Hires Ex-Cop to Track Crypto in Bankruptcy Cases](https://news.shib.io/2025/06/10/uk-insolvency-service-hires-ex-cop-to-track-crypto-in-bankruptcy-cases/): The UK’s Insolvency Service has brought on its first-ever crypto intelligence officer, aiming to track and recover digital assets tied to bankruptcies and financial crimes. The move comes as more individuals facing insolvency or prosecution are found holding cryptocurrencies, prompting the agency to boost its digital asset recovery capabilities. The government agency appointed former police investigator Andrew Small as its first crypto intelligence specialist, according to a press release. In this newly created role, Small will support the agency’s efforts to trace digital assets in criminal investigations and offer expert insight into the cryptocurrency market. The Insolvency Service will be - [Decentralized Governance: How DAOs Are Disrupting Traditional Organizations](https://news.shib.io/2025/06/10/decentralized-governance-how-daos-are-disrupting-traditional-organizations/): Picture this: instead of a CEO in a corner office making all the big calls, a global crew of internet strangers gets to weigh in—together, publicly, and (mostly) peacefully. That’s the magic of decentralized governance. On one side, you’ve got traditional organizations—your classic pyramids of power, with bosses, boardrooms, and sometimes enough red tape to knit a sweater. On the other side? Say hello to DAOs, or Decentralized Autonomous Organizations. Think of them as digital collectives that ditch the hierarchy and run on blockchain code and community votes. The core idea here is simple: should decision-making power belong to a - [Argentina’s President Cleared in Libra Token Promotion Probe](https://news.shib.io/2025/06/09/argentinas-president-cleared-in-libra-token-promotion-probe/): Argentine President Javier Milei has been cleared of any misconduct by the country’s federal anti-corruption office following an investigation into his February endorsement of the Libra token. A recent resolution from the office determined that President Milei’s public endorsement of the Libra token was made in a personal capacity and did not involve the use of state resources. The federal anti-corruption office, which operates under a national government ministry, also concluded that Milei’s post on X promoting the token did not breach any federal ethics regulations applicable to public officials. Despite the anti-corruption office’s findings, a separate investigation by a - [Coinbase Slashes Unfair Account Freezes After User Backlash](https://news.shib.io/2025/06/09/coinbase-slashes-unfair-account-freezes-after-user-backlash/): Coinbase CEO Brian Armstrong revealed that the platform has cut down on unnecessary user account freezes by 82%, following a focused effort to address what he described as a significant pain point for customers. According to a June 6 post on X, Armstrong admitted that the issue of account freezing has persisted for longer than it should have. “I could list a bunch of the underlying reasons why it got so bad in the first place, but what’s more important is that we’ve made it a priority to fix, and we have been making good progress,” Armstrong wrote.  Armstrong reported - [Netflix’s ‘House of Streams’ Hits UK and Ireland With 1 BTC](https://news.shib.io/2025/06/09/netflixs-house-of-streams-hits-uk-and-ireland-with-1-btc/): House of Streams, a reality TV series licensed by Netflix for the UK and Ireland, has brought together eight Twitch streamers to compete in a high-stakes challenge for one Bitcoin—valued at over $105,000 as of press time. According to the Times of Malta, the upcoming reality TV series blends classic unscripted television with the fast-paced world of digital content creation. The cast includes online personalities from diverse streaming genres—ranging from video games and gambling to real-life broadcasts that capture spontaneous moments from daily routines. The series is scheduled to premiere on June 18, though it remains unclear why the producers - [Fearing Attacks, Bitcoin Family Hides Keys Across Continents](https://news.shib.io/2025/06/09/fearing-attacks-bitcoin-family-hides-keys-across-continents/): Didi Taihuttu, prominent Bitcoin advocate and head of the well-known “Bitcoin Family,” has confirmed a complete overhaul of his family’s security infrastructure in response to a recent surge in high-profile kidnappings involving cryptocurrency executives and their loved ones. In a recent interview with CNBC, Taihuttu revealed that over the past eight months, the family transitioned away from hardware wallets to adopt a hybrid security system. This approach combines analog and digital methods, with their seed phrases encrypted, divided, and securely stored using blockchain-based encryption services or concealed across four continents. “We have changed everything,” Taihuttu stated on a call from - [Bitcoin Mining Explained: How New Coins Enter the Blockchain](https://news.shib.io/2025/06/09/bitcoin-mining-explained-how-new-coins-enter-the-blockchain/): Imagine a digital treasure hunt happening 24/7, all over the world — that’s basically what Bitcoin mining is! Bitcoin isn’t just some random internet money; it’s a clever digital currency that runs without any banks or middlemen. Instead, it relies on a huge network of computers working together to keep everything running smoothly. But here’s the catch: for this system to work, new bitcoins need to be created and carefully added into the mix. Why? Because unlike traditional money that governments print whenever they want, Bitcoin has a strict limit — only 21 million bitcoins will ever exist. To introduce - [Shib Army: K9 Quest Airdrop Could Unlock Hidden Wallet Rewards](https://news.shib.io/2025/06/06/shib-army-k9-quest-airdrop-could-unlock-hidden-wallet-rewards/): Your digital wallet whispers tales of past Shibarium ventures—forgotten clicks, tokens once held and choices made on-chain. Now, K9 Quest is live. Its algorithmic ears are tuned to that history, and what was once background noise might now sing with real token value. K9 Finance DAO has launched this campaign not as just another airdrop, but as a reward system deeply rooted in wallet history, engagement, and loyalty. And if you’ve been part of the Shib Army, you may already be ahead of the game. What Is K9 Quest? K9 Quest is a 90-day campaign by K9 Finance DAO, designed - [Singapore’s Startup Ecosystem: A Global Model for Innovation and Growth](https://news.shib.io/2025/06/06/singapores-startup-ecosystem-a-global-model-for-innovation-and-growth/): At the “Policy Ecosystem Development for Startups” event in Mongolia, organized by the Mongolian Ministry of Economy and Development, the Asian Productivity Organization, and the Mongolian Productivity Organization, representatives from over ten countries gathered to discuss strategies for fostering startup ecosystems. I had the opportunity to deliver a session titled “Singapore’s Model for Startup Ecosystem,” sharing how Singapore evolved from a colonial trading post into a global innovation hub through strategic policies, robust infrastructure, and international collaborations. This article summarizes the key points from my presentation, offering an objective overview of Singapore’s startup success story. Singapore’s Journey to a Global - [India and US Near 10% Tariff Deal Ahead of Trump’s July 9 Deadline](https://news.shib.io/2025/06/06/india-and-us-near-10-tariff-deal-ahead-of-trumps-july-9-deadline/): Officials from India and the United States have begun two days of closed-door trade negotiations, with both sides aiming to finalize an interim tariff deal. The push for near-term tariff reductions is part of a broader strategy to integrate supply chains, manage political pressures, and reshape digital-era trade cooperation. According to Reuters, negotiators from both countries are aiming to wrap up an interim tariff deal ahead of a July 9 deadline set by President Donald Trump. Two Indian government officials said discussions are centered on lowering tariffs in key sectors like agriculture and automobiles, while also addressing measures to expand - [Corporate Bitcoin Stash Hits $85B as Big Firms Double Down](https://news.shib.io/2025/06/06/corporate-bitcoin-stash-hits-85b-as-big-firms-double-down/): Bitcoin (BTC) has seen a dramatic rise in corporate treasuries, as 116 publicly traded companies now hold a total of 809,100 BTC, valued at approximately $85 billion, up from 312,200 BTC just one year ago. Binance Research’s Monthly Market Insights for June revealed that nearly 100,000 BTC have been added to corporate treasuries since early April.  “Bitcoin’s all-time highs (~US$112K) have renewed corporate FOMO as firms seek balance sheet upside and inflation hedges, supported by improving regulatory clarity and 2025 fair-value accounting changes,” the report wrote. “While BTC remains the core reserve asset, some firms are cautiously diversifying into ETH, - [Circle Skyrockets: Stablecoin Giant Goes Public, Stock Soars 167%](https://news.shib.io/2025/06/06/circle-skyrockets-stablecoin-giant-goes-public-stock-soars-167/): Circle, the company behind the widely used U.S. dollar-pegged stablecoin USD Coin (USDC), has begun trading on the New York Stock Exchange (NYSE) after raising its Initial Public Offering (IPO) target to $1.05 billion just a day prior. Circle CEO Jeremy Allaire announced the news of the firm going public on a June 5 X post. “[Twelve] years ago we set out to build a company that could help remake the global economic system by re-imagining and re-building it from the ground up natively on the internet,” Allaire wrote.  Circle is now publicly listed on the NYSE under the ticker - [Musk and Trump Clash Over “Big Beautiful Bill” Amid Rising Tensions](https://news.shib.io/2025/06/06/musk-and-trump-clash-over-big-beautiful-bill-amid-rising-tensions/): Tech titan Elon Musk has fired back at President Donald Trump following the former president’s remarks about Musk’s sharp criticism of a Republican-backed tax and spending package currently making its way through Congress, which Trump has dubbed the “big beautiful bill.” Speaking from the Oval Office during a bilateral meeting with German Chancellor Friedrich Merz, President Trump voiced frustration with Musk’s recent criticisms of the legislation. He went as far as to hint that the U.S. government might reconsider its extensive partnerships with Musk’s companies. “I’m very disappointed with Elon. I’ve helped him a lot. He knew the inner workings - [NFT Royalties: Can Creators Really Count on Passive Income Forever?](https://news.shib.io/2025/06/06/nft-royalties-can-creators-really-count-on-passive-income-forever/): You’ve probably heard the phrase NFT royalties thrown around like digital confetti, but what does it actually mean? Think of it like this: every time someone resells a piece of digital art, music, or collectible you created, you get a little slice of the pie—automatically. No chasing people down, no paperwork, just sweet, passive income landing in your crypto wallet. That’s the dream, right? Create something once, and get paid again and again every time it changes hands. For digital creators, this sounds like the holy grail of internet art: work less, earn more. But here’s the million-dollar (or at - [Sharpening DeFi Tools](https://news.shib.io/2025/06/05/sharpening-defi-tools/): Welcome to the 78th Edition of The Shib. Ever feel like crypto moves faster than your fingers can tap “approve”? You’re not alone. The DeFi world is evolving — fast — but the good news is, Shiba Inu isn’t just keeping pace. It’s sharpening the edge. - [Ethereum Foundation Sets New Treasury Rules Ahead of Critical 18 Months](https://news.shib.io/2025/06/05/ethereum-foundation-sets-new-treasury-rules-ahead-of-critical-18-months/): The Ethereum Foundation has introduced a revamped treasury strategy aimed at increasing transparency and structure in how it allocates resources, as it continues to bolster Ethereum’s decentralized finance (DeFi) ecosystem. In a recent blog post, the Foundation outlined that its updated financial policy will link day-to-day expenses and cash requirements to its holdings and sales of Ether. The move is designed to reinforce the foundation’s fiscal stability as it prepares for what it describes as a critical 18-month period for the Ethereum network. On June 4, one of the foundation’s directors stated that the organization will regularly reevaluate its annual - [JPMorgan to Back Crypto ETFs for Loans, Signaling Big Shift in Banking](https://news.shib.io/2025/06/05/jpmorgan-to-back-crypto-etfs-for-loans-signaling-big-shift-in-banking/): JPMorgan, the largest bank in the U.S. by assets, JPMorgan, the largest bank in the U.S. by assets, has reported plans to offer trading and wealth-management clients the option of using crypto-linked assets as collateral for loans, reportedly in some cases, the bank will look at crypto holdings when determining net worth, which may affect how much can be borrowed. JPMorgan is preparing to roll out crypto-backed financing options in the coming weeks, starting with exchange-traded funds (ETFs) tied to Bitcoin, according to a June 4 report from Bloomberg. The initiative will initially focus on BlackRock’s iShares Bitcoin Trust—the largest - [Elon Musk Blasts Trump’s $2T Spending Bill Days After White House Exit](https://news.shib.io/2025/06/05/elon-musk-blasts-trumps-2t-spending-bill-days-after-white-house-exit/): Tech billionaire Elon Musk has publicly criticized the Republican-led congressional spending bill aligned with Donald Trump’s agenda, voicing concerns over what he described as reckless government spending and lack of fiscal responsibility. “I’m sorry, but I just can’t stand it anymore,” Musk wrote in a post to his social media platform, X. “This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You know it,” he added.  Musk further argued that the spending bill would significantly expand the nation’s already substantial budget deficit, pushing it to $2.5 - [Crypto Kidnapping Mastermind Caught in Morocco](https://news.shib.io/2025/06/05/crypto-kidnapping-mastermind-caught-in-morocco/): Moroccan authorities have detained a French-Moroccan suspect believed to be behind a high-profile crypto kidnapping targeting an entrepreneur in France, following a wave of abduction attempts that shook the digital finance community. Badiss Mohammed Amide Bajjou, sought by French authorities, was the target of an Interpol red notice over allegations including abduction, unlawful detention, and holding a hostage without legal cause. Bajjou was reportedly taken into custody in Tangier, a city in northern Morocco, according to a Barron’s report. “I sincerely thank Morocco for this arrest, which demonstrates excellent judicial cooperation between our two countries, particularly in the fight against - [What Is Crypto? A Teen-Friendly Guide to Understanding Digital Money](https://news.shib.io/2025/06/05/what-is-crypto-a-teen-friendly-guide-to-understanding-digital-money/): So, you’ve probably heard people say stuff like, “What is crypto?” and wondered why it’s suddenly everywhere. Well, here’s the scoop: crypto is like the cool new kind of money that lives online — no banks, no weird paperwork, just fast, digital cash you can use anywhere. It’s kind of like having magic internet money that’s super secure and totally yours. In simple terms, cryptocurrency (or crypto) is digital money you can’t hold in your hand but can definitely use. Imagine cash that’s all online, that you can send to friends, buy games, or even invest in without waiting forever - [Crypto Mining Crackdown in Russia Leads to Bitcoin Seizure and Power Theft Arrest](https://news.shib.io/2025/06/04/crypto-mining-crackdown-in-russia-leads-to-bitcoin-seizure-and-power-theft-arrest/): Russian authorities have launched a crackdown on illegal crypto mining, targeting individuals who exploit state resources for personal gain. In one case, a power company executive was found to have stolen electricity to mine Bitcoin and has had more than $88,000 in BTC seized. In a recent statement, the Investigative Committee for Russia’s Amur Oblast announced the seizure of Bitcoin valued at approximately 7 million rubles. The digital assets were confiscated from a former executive of a regional power distributor, believed to have previously led the technological connection services division at the Amur branch of the Far Eastern Distribution Company - [US Generals Quietly Back Bitcoin Reserve in China Standoff](https://news.shib.io/2025/06/04/us-generals-quietly-back-bitcoin-reserve-in-china-standoff/): U.S. Senator Cynthia Lummis has revealed that certain divisions of the U.S. military support the creation of a national Bitcoin reserve. Lummis cited input from generals stationed in Southeast Asia who view it as a potential safeguard amid growing economic tensions with China. “There are generals, especially in Southeast Asia, who believe it’s important to have a strategic Bitcoin stockpile because we’re doing an economic war with China and we have to prepare for a guns and bullets war. But we need both,” Lummis stated in an interview with Bloomberg. “All we need to do is look to the leadership - [Coinbase Knew of Insider Data Leak Months Before Public Reveal](https://news.shib.io/2025/06/04/coinbase-knew-of-insider-data-leak-months-before-public-reveal/): Well-known crypto platform Coinbase has come under scrutiny after reports surfaced alleging the crypto exchange withheld details of a customer data breach since January, only disclosing the incident publicly months later. According to Reuters, Coinbase was alerted earlier this year to a potential data breach involving a TaskUs employee—part of an outsourcing firm contracted by the exchange. The individual, based in India, was allegedly observed using a personal phone to photograph sensitive information displayed on her work computer. Five former TaskUs employees stated that they were informed that the worker in question, along with a suspected accomplice, had allegedly sold - [Dubai Approves Ripple's RLUSD for Real Estate and Crypto Services](https://news.shib.io/2025/06/04/dubai-approves-ripples-rlusd-for-real-estate-and-crypto-services/): Ripple Labs’ U.S. dollar-backed stablecoin, RLUSD, has been officially greenlit by Dubai’s top financial regulator for use inside the city’s flagship financial zone. The Dubai Financial Services Authority (DFSA) approved RLUSD as a recognized crypto token within the Dubai International Financial Centre (DIFC), marking a major regulatory win for Ripple’s growing global footprint. In an official statement, Ripple said the DFSA’s approval strengthens RLUSD’s reputation as a reliable, enterprise-focused stablecoin designed with transparency, real-world utility, and regulatory compliance at its foundation. The company framed the recognition as a key milestone in its push to offer compliant digital assets for institutional - [How Will New Crypto Regulations Affect Startups and Investors in 2025?](https://news.shib.io/2025/06/04/how-will-new-crypto-regulations-affect-startups-and-investors-in-2025/): Crypto regulations are like the rules of the playground — they keep things fair, safe, and a bit less wild. And just like every playground eventually needs new rules to keep up with the kids’ latest games, the world of cryptocurrency is seeing some fresh guidelines rolling out in 2025. This year is shaping up to be a big deal because regulators worldwide are stepping up to set clearer boundaries on how crypto can be created, traded, and managed. Why all the fuss in 2025? Well, as crypto grows from a rebellious newcomer into a major player in finance, governments - [Elon Musk’s XChat Claims Bitcoin Encryption — Experts Raise Doubts](https://news.shib.io/2025/06/03/elon-musks-xchat-claims-bitcoin-encryption-experts-raise-doubts/): Elon Musk, the CEO and owner of social media platform X, has revealed the rollout of a new messaging service named XChat, boasting features like end-to-end encryption, self-destructing messages, file sharing, and voice and video calling capabilities. In a post on X, Musk revealed that the new messaging feature, XChat, is built using the Rust programming language and employs encryption inspired by Bitcoin’s security model. Musk’s latest announcement quickly stirred debate among Bitcoin supporters and cryptography experts, many of whom questioned the meaning behind his vague technical claims. Samson Mow, CEO of game developer Pixelmatic and Bitcoin infrastructure firm JAN3, - [Singapore Tells Crypto Firms to Halt Overseas Services by June 30](https://news.shib.io/2025/06/03/singapore-tells-crypto-firms-to-halt-overseas-services-by-june-30/): Singapore’s central bank has given local crypto firms until June 30 to stop providing digital token (DT) services to foreign markets or risk facing significant fines and regulatory action. The Monetary Authority of Singapore (MAS) announced penalties of nearly $200,000 as part of a new directive targeting Digital Token Service Providers (DTSPs). The move comes after the regulator reviewed public feedback on its proposed framework under the Financial Services and Markets Act (FSM Act). The MAS confirmed that no grace period will be offered to local DTSPs currently serving international clients. It emphasized that any entity or individual in Singapore - [300 BTC Sent to Ross Ulbricht Likely Not From Himself, Says On-Chain Sleuth](https://news.shib.io/2025/06/03/300-btc-sent-to-ross-ulbricht-likely-not-from-himself-says-on-chain-sleuth/): Ross Ulbricht, the founder of the Silk Road dark web marketplace, has recently received a transfer of 300 Bitcoin—valued at over $31 million—sparking online speculation about its origin. Blockchain analyst ZachXBT noted that it’s improbable Ulbricht moved the funds himself, leaving the source of the donation unclear. According to a June 1 post on X from analytics firm Lookonchain, the Bitcoin was sent to a donation wallet associated with Ulbricht. The transaction reportedly originated from wallets linked to a centralized mixing service known as Hambler.  This development sparked online speculation, with some suggesting the funds could be proceeds from Ulbricht’s - [Shiba Inu Price Could Soar 503% in Massive Breakout](https://news.shib.io/2025/06/03/shiba-inu-price-could-soar-503-in-massive-breakout/): Shiba Inu price may be on the verge of a breakout that could send it soaring over 500%, according to one technical analyst. This optimistic forecast for the Shiba Inu price hinges on what’s known in technical trading circles as an “Inverse Head and Shoulders” pattern. Such formations are typically viewed by chart analysts as indicators of a potential trend reversal from bearish to bullish. According to the analyst, identified on X (formerly Twitter) as @JavonTM1, Shiba Inu appears to be in the final stages of this pattern. Technical Pattern Fuels Bullish Shiba Inu Price Outlook In a recent post, - [Bone Price on Edge of Massive Breakout After Bottom](https://news.shib.io/2025/06/03/bone-price-on-edge-of-massive-breakout-after-bottom/): Bone price may be primed for a breakout. A closely watched crypto trader believes BONE — the gas token powering Shibarium — has officially found its bottom and could be gearing up for a powerful upward move. Backed by a tightening chart formation and rising trading volume, the setup is drawing attention from traders eyeing the next meme coin rally. The trader, identified on X (formerly Twitter) as army_shiba, presented a bullish case for BONE. They stated directly: “$BONE bottom is literally in. These kind of patterns usually ends up with a huge breakout. I’m closely watching the movements.”  This - [High xAI Valuation at Core of Musk's New Funding Moves](https://news.shib.io/2025/06/03/high-xai-valuation-at-core-of-musks-new-funding-moves/): Elon Musk’s AI company, xAI, is driving bold financial moves backed by a colossal $113 billion xAI valuation, as it seeks $5 billion in new debt and conducts a major share sale—signaling sky-high ambitions for the young venture recently merged with social media platform X. Reports on Monday revealed that xAI is raising capital on two fronts: through debt managed by Morgan Stanley and a separate $300 million share sale. The debt offering, composed of loans and convertible notes, gives investors until June 17 to commit. Meanwhile, the share sale—focused on allowing employees to cash out existing equity—highlights investor appetite - [Crypto Market Concentration Deepens as Big Money Chooses Its Bets](https://news.shib.io/2025/06/03/crypto-market-concentration-deepens-as-big-money-chooses-its-bets/): Ethereum’s price jumped nearly 50% this past month. That kind of surge usually whispers of a bull market warming up across the board.  But a closer look at the digital asset landscape suggests something different. Big money, the kind that moves markets, isn’t spreading its bets wide.  Instead, it’s zeroing in on a few familiar names. This growing crypto market concentration is reshaping investment patterns, according to a new market analysis. Javier Rodriguez-Alarcon, chief investment officer at XBTO, a global digital asset firm, sees a shift. He brings a background from traditional finance giants like Goldman Sachs, BlackRock, and Barclays - [Meta, Anduril to Build AI Mixed-Reality Headsets for US Troops](https://news.shib.io/2025/06/03/meta-anduril-to-build-ai-mixed-reality-headsets-for-us-troops/): Anduril, a defense technology firm, has joined forces with Meta Platforms, Inc.—the company behind the social media platform Facebook—to develop and deploy a suite of integrated extended reality (XR) tools.  In a recent announcement, Anduril stated that the new systems will offer enhanced perception to U.S. military forces and enable intuitive control of autonomous platforms in combat environments. “The capabilities enabled by the partnership will draw on more than a decade of investment by both companies in advanced hardware, software, and artificial intelligence,” Anduril wrote.  The project is said to be financed through private investment and does not involve public - [Environmental Benefits of Proof of Stake Blockchain Networks](https://news.shib.io/2025/06/03/environmental-benefits-of-proof-of-stake-blockchain-networks/): Blockchain technology is the backbone of cryptocurrencies, and one of the coolest innovations in this space is proof of stake (PoS). It’s a fresh way to secure and verify transactions that uses much less energy compared to older methods. At its core, blockchain is like a digital ledger that records transactions safely and transparently — no banks or middlemen needed. But as more people used blockchains, concerns grew about the huge amount of energy some systems were consuming. For years, many blockchains relied on a process called proof of work (PoW), which involves powerful computers competing to solve puzzles. This - [Shiba Inu Price Breaks Out—Trader Reveals Potential Big Profit Setup](https://news.shib.io/2025/06/02/shiba-inu-price-breaks-out-trader-reveals-potential-big-profit-setup/): The Shiba Inu price is capturing keen market attention Monday as it inches higher, a movement one crypto trader is aggressively interpreting as a full-blown “waking up,” simultaneously unveiling what they describe as a “potential big profit setup.”  According to CoinMarketCap data around 4:01 a.m. Eastern Time, SHIB was trading at $0.00001281. This price reflected an increase of 0.23% over the preceding 24 hours, a marginal gain in the volatile crypto markets.  The token’s market capitalization stood at approximately $7.55 billion, with a 24-hour trading volume of $135.89 million. Against this backdrop of slight gains, crypto trader Amir Rajpoot BnB - [Shibarium Fees Gain Focus as Coinbase Exec Flags Solana](https://news.shib.io/2025/06/02/shibarium-fees-gain-focus-as-coinbase-exec-flags-solana/): The debate over smart contract costs has reignited, with Shibarium fees stealing the spotlight—especially after a Coinbase exec called out Solana’s $200 transaction price. Coinbase Exec Questions Solana’s $200 Contract Fee Jesse Pollak, who leads protocol development at Coinbase and helped build products like Coinbase Wallet and Base, recently took to X with a straightforward question that hit a nerve in the crypto world: “Can anyone help me understand why it costs ~$200 to deploy a relatively simple contract on Solana? I assumed it would cost comparable amounts to Base (e.g., cents)… what is the difference in architecture that drives - [Crypto Kidnapping Risks Drive New Insurance Policies](https://news.shib.io/2025/06/02/crypto-kidnapping-risks-drive-new-insurance-policies/): A recent surge in kidnappings involving crypto investors has led insurance firms to reassess risk strategies and introduce new measures aimed at safeguarding clients’ physical security. According to NBC, a growing number of firms that specialize in insurance and security for cryptocurrency holders are now developing kidnap and ransom (K&R) policies in response to rising concerns over physical threats. At least three such companies are reportedly working on coverage designed to protect crypto investors and businesses from the risks of abduction and violence. Rebecca Rubenfeld, Chief Operating Officer of crypto insurance firm AnchorWatch, stated that concerns over physical security were - [Lazarus Group Blunder Reveals Crypto Hackers’ Hidden Trail](https://news.shib.io/2025/06/02/lazarus-group-blunder-reveals-crypto-hackers-hidden-trail/): Cryptocurrency exchange BitMEX has exposed critical vulnerabilities in the operations of the Lazarus Group, the North Korean state-backed cybercrime organization behind major crypto breaches at Bybit, Stake, and Phemex. In a recent blog post, BitMEX revealed that its security team has regularly detected and mitigated attempted attacks on the exchange. Many of these attempts reportedly involved methods and infrastructure associated with the Lazarus Group. BitMEX noted that these large-scale operations often begin with relatively basic tactics, typically involving phishing attempts to infiltrate the target’s systems. Phishing is a type of cybercrime where attackers attempt to deceive individuals into revealing sensitive - [IMF Presses Pakistan Over Power-Hungry Bitcoin Mining Plan](https://news.shib.io/2025/06/02/imf-presses-pakistan-over-power-hungry-bitcoin-mining-plan/): The International Monetary Fund (IMF) has raised serious concerns following the recent decision by Pakistan to allocate 2,000 megawatts of electricity for use by Bitcoin mining and artificial intelligence (AI) data centers. According to a report from local news outlet Samaa, the IMF’s concerns follow Pakistan’s announcement of its first strategic Bitcoin reserve. The initiative—unveiled by Bilal Bin Saqib, CEO of Pakistan’s Crypto Council, during the 2025 Bitcoin Conference—also includes plans for a national Bitcoin wallet and a substantial allocation of energy resources to support the country’s growing digital asset ecosystem. Saqib stated that the initiative is expected to attract - [Crypto Kidnapping Scandal Ties NYPD Detectives to Shocking Plot](https://news.shib.io/2025/06/02/crypto-kidnapping-scandal-ties-nypd-detectives-to-shocking-plot/): Two NYPD detectives have been reassigned to modified duty after authorities uncovered that they previously had ties to a Manhattan townhouse now at the center of a disturbing kidnapping and torture case involving an Italian tourist and crypto investor. According to ABC News, one of the detectives, while off duty, drove the kidnapping victim from the airport to the SoHo townhouse on May 6. The second detective, a 20-year NYPD veteran, is currently assigned to the Executive Protection Unit, which is responsible for providing security to New York City Mayor Eric Adams. The veteran detective was reportedly working an off-duty - [The FIRE Movement: Can Crypto Investments Help You Retire Early?](https://news.shib.io/2025/06/02/the-fire-movement-can-crypto-investments-help-you-retire-early/): If you’ve ever dreamed of quitting your day job way before the usual retirement age, you might be interested in the FIRE movement—Financial Independence, Retire Early. The idea is simple: save smart, invest wisely, and live below your means so you can retire decades sooner than most people. Many people build their FIRE plans with traditional investments, but lately, crypto investments have caught the eye of some early retirees looking for faster growth—though they come with more risk and uncertainty. Crypto is still relatively new compared to stocks or bonds, making it an exciting but bumpy addition to FIRE strategies. - [Shiba Inu Price Dip? Discover Its Shocking Hidden Strength](https://news.shib.io/2025/05/30/shiba-inu-price-dip-discover-its-shocking-hidden-strength/): Despite the dip, the Shiba Inu price is showing signs of strategic whale accumulation and loyal community engagement, painting a deeper, more resilient on-chain picture. The Shiba Inu price charts may flash red, but beneath the surface, the blockchain tells a different story — one of calculated moves and committed support. While short-term market noise often dominates headlines, on-chain data from IntoTheBlock reveals a surprisingly bullish foundation, driven by smart money and steady user activity. Whale Moves Signal Long-Term Strength in Shiba Inu Price One of the clearest signals of institutional or high-net-worth investor interest lies in large transaction volume - [DeepSeek Upgrades AI Model to Rival ChatGPT, Gemini](https://news.shib.io/2025/05/30/deepseek-upgrades-ai-model-to-rival-chatgpt-gemini/): Chinese artificial intelligence company DeepSeek has announced a significant update to its chatbot, spotlighting advancements in logic, mathematics, and programming capabilities, as well as a lower rate of hallucinated responses. DeepSeek’s newly updated model, DeepSeek-R1-0528, introduces improved reasoning and inference functions. According to the company, the model’s performance is now nearing the level of top-tier systems like OpenAI’s O3 and Google’s Gemini 2.5 Pro. In January, DeepSeek made headlines with the launch of its R1 chatbot, a release that drew widespread attention across the AI sector and underscored China’s growing presence in the field. The company’s debut model, developed at - [AI, New Paper in Focus as Kusama Ends X Hiatus](https://news.shib.io/2025/05/30/ai-new-paper-in-focus-as-kusama-ends-x-hiatus/): After weeks of public silence, Shytoshi Kusama—the elusive pseudonymous lead ambassador of the Shiba Inu project—resurfaced on X Thursday. His series of posts hinted at an ambitious new direction, offering a glimpse into SHIB’s future that centers on a “final white paper,” artificial intelligence, and a bold vision for what he called a “new age.” The return quickly stirred excitement across the SHIB community. Often referred to as the “ShibArmy,” followers dissected Kusama’s updates for insights into the evolving ecosystem, which has grown far beyond its meme coin origins. His posts, which included reflections on AI, humanity, and online discourse, - [SEC Ends Binance Lawsuit in Major Shift on Crypto Enforcement](https://news.shib.io/2025/05/30/sec-ends-binance-lawsuit-in-major-shift-on-crypto-enforcement/): The U.S. Securities and Exchange Commission (SEC) has filed a joint motion with crypto exchange Binance to dismiss their nearly two-year lawsuit, marking the agency’s latest retreat from aggressive crypto enforcement. On May 29, the Commission, Binance, and its co-founder Changpeng Zhao jointly filed a motion in a Washington, DC federal court requesting the dismissal of the SEC’s complaint, which was originally filed in June 2023. The joint motion noted that the SEC’s Crypto Task Force could influence and help bring about a resolution to the lawsuit. The regulator stated that dismissing the case was appropriate “in the exercise of - [Russian Couple Abducted in Argentina Amid Surge in Crypto Kidnappings](https://news.shib.io/2025/05/30/russian-couple-abducted-in-argentina-amid-surge-in-crypto-kidnappings/): A young Russian couple who run a cryptocurrency business have become the latest victims in a wave of crypto kidnappings, after being abducted and later released in the Palermo district of Buenos Aires following a $43,000 ransom payment in digital currency. Argentine news outlet La Nación reported that the kidnapping took place on Friday night. Investigators said the Russian couple had accepted a dinner invitation from two Chechen individuals who were staying in a first-floor apartment on Ravignani Street near the corner of Gorriti Street. Around 11 p.m., the woman managed to call for help from a balcony, drawing the - [US Sanctions Funnull, Philippine Tech Firm Tied to Global Crypto Scams](https://news.shib.io/2025/05/30/us-sanctions-funnull-philippine-tech-firm-tied-to-global-crypto-scams/): The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Funnull Technology Inc., a tech firm based in the Philippines, and its administrator Liu Luzhi, accusing them of supplying the backend infrastructure for a network of fraudulent cryptocurrency investment websites. In a press release, the U.S. Treasury stated that Funnull played a key role in enabling virtual currency investment scams, commonly known as “pig butchering” scams. The company allegedly purchased large quantities of IP addresses from major cloud service providers around the world and sold them to cyber criminals. These IP addresses were then used to - [Swing Trading Crypto: Profit from Medium-Term Price Moves](https://news.shib.io/2025/05/30/swing-trading-crypto-profit-from-medium-term-price-moves/): If you’ve ever heard the phrase swing trading crypto and wondered what it’s all about, you’re in the right place. Swing trading is like catching the wave in the wild ocean of cryptocurrency—riding the ups and downs over several days or weeks instead of trying to surf every tiny ripple or just chilling on the shore for months. It’s a middle-ground style between the lightning-fast moves of day trading and the slow-and-steady patience of long-term investing. Day traders are like sprinters—they jump in and out of trades in minutes or hours, chasing quick profits but risking big swings. Long-term investors, - [DeFi Boom Lifts Shibarium TVL to New Highs](https://news.shib.io/2025/05/29/defi-boom-lifts-shibarium-tvl-to-new-highs/): A quiet DeFi resurgence is rippling, lifting Shibarium TVL, with the total value locked on Shiba Inu’s Layer-2 network climbing past $4.5 million this week. That’s not just a number but a signal. Fresh capital is flowing in and confidence is building around the ecosystem’s decentralized finance offerings. Compared to where it stood just a month ago, this growth marks a meaningful shift. Shibarium, built to deliver faster, cheaper transactions for the Shiba Inu community, is now showing signs of traction in its DeFi layer. In the past 24 hours alone, data from DeFillama revealed Shibarium TVL saw a 1.30% - [Bone Price Surge? Bulls Bet on Big Rally](https://news.shib.io/2025/05/29/bone-price-surge-bulls-bet-on-big-rally/): The Bone price sits at a crossroads this Thursday, showing signs of calm on the surface even as bullish sentiment swells among supporters. At 3:55 a.m. ET, BONE traded at $0.3036, up 2.09% in 24 hours. The move added early fuel to the fire for believers in a broader rally—particularly those watching the token’s role within the Shiba Inu ecosystem. BONE, the gas token for Shibarium and central to the ShibaSwap decentralized exchange, saw its market cap climb to $69.77 million—a 1.79% daily increase. Its 24-hour trading volume rose to $8.34 million, up 4.15%, hinting at growing trader interest. While - [Shiba Inu Price: Critical Chart Now Unlocks Potential Big Surge](https://news.shib.io/2025/05/29/shiba-inu-price-critical-chart-now-unlocks-potential-big-surge/): The Shiba Inu price teeters on a knife’s edge this week, as a critical chart pattern signals the digital coin might be about to break free from its slumber. A crypto analyst sees this setup as a tightly wound spring, potentially unlocking a significant, double-digit surge for the popular cryptocurrency, grabbing market attention. Shiba Inu ($SHIB) recently exhibited what chartists called a descending triangle, a formation that spoke of growing tension between buyers and sellers. This observation, highlighted by market analyst Ali Martinez (@ali_charts on X), suggested the Shiba Inu price could be gearing for a move of roughly 17%. - [Elon Musk xAI to Bring Grok AI Chatbot to Telegram in $300M Deal](https://news.shib.io/2025/05/29/elon-musk-xai-to-bring-grok-ai-chatbot-to-telegram-in-300m-deal/): Pavel Durov, CEO of Telegram, announced that Elon Musk’s AI firm xAI has reached a preliminary agreement to integrate its AI chatbot Grok into Telegram and its related apps. In a recent post on X, Telegram and xAI agreed to a one-year partnership to bring xAI’s chatbot Grok to the cloud-based messaging app. This collaboration will embed Grok within Telegram’s platform and apps, providing users with features such as chat interactions, text editing, summaries of chats and documents, inbox management agents, group chat moderation, and additional functionalities. “Telegram will receive $300M in cash and equity from xAI, plus 50% of - [Pakistan Govt Launches Bitcoin Reserve at 2025 BTC Event](https://news.shib.io/2025/05/29/pakistan-govt-launches-bitcoin-reserve-at-2025-btc-event/): Bilal Bin Saqib, CEO of the Pakistan Crypto Council (PCC), has announced at the Bitcoin 2025 Conference that Pakistan is working to establish a strategic Bitcoin reserve, signaling a shift from the government’s earlier position of never legalizing cryptocurrencies. At the Bitcoin 2025 Conference, Saqib revealed that Pakistan is taking inspiration from the United States by creating a strategic Bitcoin reserve and adopting regulatory policies that support cryptocurrency.  “Today is a very historic day. Today, I announce the Pakistani government is setting up its own government-led Bitcoin Strategic Reserve, and we want to thank the United States of America again - [JD Vance Pushes Pro-Bitcoin Agenda, Slams Past Crypto Clampdowns](https://news.shib.io/2025/05/29/jd-vance-pushes-pro-bitcoin-agenda-slams-past-crypto-clampdowns/): U.S. Vice President JD Vance has criticized the Biden administration’s and former U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s enforcement approach to cryptocurrency and urged Bitcoin holders to remain politically engaged. At the Bitcoin 2025 Conference, Vance reiterated the administration’s rejection of Gensler’s regulation-by-enforcement strategy toward digital assets, signaling continued support for a more transparent and innovation-friendly regulatory framework. “We reject regulators,” Vance stated. “We fired Gary Gensler, and we’re going to fire everybody like him,” he added.  The Vice President stated that the Trump administration is determined to address what he described as the “wreckage” left by - [Labor Lifts Crypto Limits on 401(k), Shifts Power to Fiduciaries](https://news.shib.io/2025/05/29/labor-lifts-crypto-limits-on-401k-shifts-power-to-fiduciaries/): The U.S. Department of Labor has officially rescinded a 2022 guidance that advised against offering cryptocurrency investments in 401(k) retirement plans, signaling a shift in the federal stance on digital assets in retirement portfolios. According to an official news release, the Department acknowledged that its 2022 guidance on cryptocurrency in retirement plans may have strayed from established standards. The department noted that the previous directive urged fiduciaries to use “extreme care” when considering crypto assets in 401(k) investment options—a tone that critics said clashed with the neutral, principles-based framework traditionally upheld under the Employee Retirement Income Security Act (ERISA). “The - [Crypto Tax Strategies for Financial Independence](https://news.shib.io/2025/05/29/crypto-tax-strategies-for-financial-independence/): Let’s be real—when people talk about mooning portfolios and financial freedom through crypto, taxes are usually the last thing anyone wants to bring up. But here’s the thing: your tax strategy might just be the unsung MVP of your entire crypto journey. Yup, crypto tax isn’t just a boring footnote—it’s a make-or-break factor in whether your gains work for you or get eaten alive come tax season. Now, what does financial independence actually mean in the world of crypto? It’s more than just HODLing your favorite tokens and hoping they 100x. It’s about building a life where your money works - [Cetus Proposes Full $223M Recovery for Users After Major DeFi Security Breach](https://news.shib.io/2025/05/28/cetus-proposes-full-223m-recovery-for-users-after-major-defi-security-breach/): Cetus, a decentralized finance (DeFi) platform operating on the Solana blockchain, has announced that users impacted by a recent $223 million exploit may regain full access to their funds pending approval in a community vote. In an official statement posted on X, Cetus expressed regret to its users and accepted responsibility for the recent security breach. The platform confirmed that, by leveraging both its cash and token reserves, it is prepared to fully reimburse the stolen assets currently held off-chain—contingent upon the recovery of locked funds through an upcoming community vote. This recovery plan also involves a significant loan from - [Trump Meme Coin Dinner Includes Traders Holding Hate-Linked Tokens](https://news.shib.io/2025/05/28/trump-meme-coin-dinner-includes-traders-holding-hate-linked-tokens/): President Donald Trump’s high-profile meme coin dinner has sparked renewed controversy, as new findings reveal that approximately 50 attendees reportedly hold crypto assets associated with far-right imagery, including symbols tied to white nationalism and neo-Nazi ideology. The nonprofit government watchdog Citizens for Responsibility and Ethics in Washington (CREW) reported that several attendees of President Trump’s recent meme coin-themed dinner hold crypto assets containing extremist imagery. According to CREW, these assets include symbols commonly associated with the alt-right, such as Pepe the Frog, as well as depictions of swastikas, racial slurs, and anti-Semitic references. The meme coin dinner was hosted at - [Bitcoin Reserve Push: Sen. Lummis Calls for National Strategy and Tax Reforms at BTC 2025](https://news.shib.io/2025/05/28/bitcoin-reserve-push-sen-lummis-calls-for-national-strategy-and-tax-reforms-at-btc-2025/): Senator Cynthia Lummis has addressed key legislative priorities — including the market structure and stablecoin bills, future crypto taxation, a potential national Bitcoin reserve strategy, and the role of Bitcoin mining—during her appearance at the 2025 Bitcoin Conference. Senator Lummis began her remarks by addressing the market structure and stablecoin legislation currently under consideration. She noted that, for many attendees at the Bitcoin 2025 Conference — particularly business owners and operators — the market structure bill likely holds greater significance than the stablecoin bill, given its broader implications for how digital asset firms operate within the U.S. regulatory environment. “There - [Fake Crypto Deal Turns Violent: Russian Suspect Arrested in Busan](https://news.shib.io/2025/05/28/fake-crypto-deal-turns-violent-russian-suspect-arrested-in-busan/): A Russian national has been arrested by Seoul’s Gangseo Police Precinct for allegedly orchestrating a fake crypto deal to lure South Korean men to a hotel, where he attempted to steal approximately 1 billion won (around $728,000) in cash. Local outlet JoongAng Daily reported that two additional individuals connected to the case are believed to have fled South Korea. Authorities stated that the Russian suspect, along with the two alleged accomplices, arranged a meeting with several South Korean men under the guise of a peer-to-peer cryptocurrency exchange. The fake crypto deal turned violent, with two Korean victims reportedly assaulted with - [Day Trading Crypto: Strategies and Risks](https://news.shib.io/2025/05/28/day-trading-crypto-strategies-and-risks/): Let’s talk about day trading crypto —the fast-paced, high-stakes version of crypto investing that feels a bit like riding a digital roller coaster. Instead of buying Bitcoin and chilling for the next five years, day traders jump in and out of the market, sometimes within minutes, trying to turn quick profits from small price swings. Why is it so popular? Three big reasons: volatility, a 24/7 market, and the thrill of potential profits. Crypto prices can move wildly in a short time—perfect if you’re looking to buy low and sell high without waiting months. Plus, the market never sleeps, so - [Dubai Unveils MENA’s First Licensed Real Estate Tokenization Platform](https://news.shib.io/2025/05/27/dubai-unveils-menas-first-licensed-real-estate-tokenization-platform/): The Dubai Land Department (DLD) has launched the MENA region’s first licensed real estate tokenization initiative through the new “Prypco Mint” platform, signaling a major step forward in modernizing property investment across the Middle East and North Africa. According to an announcement by the Dubai Government, the project is being launched in partnership with Prypco Mint, working closely alongside the Central Bank of the United Arab Emirates, the Virtual Assets Regulatory Authority (VARA), and the Dubai Future Foundation (DFF) via the Real Estate Sandbox initiative. Furthermore, Zand Digital Bank is the appointed banking partner in the project’s pilot phase.  The - [At Trump's Meme Coin Dinner: A Scathing Review, and Now, a Federal Question](https://news.shib.io/2025/05/27/at-trumps-meme-coin-dinner-a-scathing-review-and-now-a-federal-question/): The promised glitz of Donald Trump’s exclusive meme coin dinner dissolves into a storm of scathing criticism and serious legal threats. A high-rolling guest, Nicholas Pinto, is now publicly blasting the event, decrying the filet mignon as “trash” comparable to “Walmart steak” and dismissing Trump’s speech with potent disdain. But beyond the disastrous dining experience and an early presidential exit, a graver consequence now looms: 35 Democrats are demanding a federal probe into whether the gathering, which hosted international crypto investors, breached bribery laws and constitutional safeguards. In an interview with WIRED, Pinto described the three-course dinner at President Donald - [Crypto Influencer Jeremy Cahen on Puerto Rico Most Wanted List](https://news.shib.io/2025/02/07/crypto-influencer-jeremy-cahen-on-puerto-rico-most-wanted-list/): Crypto entrepreneur Jeremy Cahen, known online as “Pauly0x,” has been added to San Juan, Puerto Rico’s updated “Most Wanted” list for aggravated assault, authorities confirm. Local news outlet Metro Puerto Rico reports that, according to police, fugitives on the list, including Cahen, are considered armed and highly dangerous, with active arrest warrants issued for them. Cahen’s bail is set at $75,000. Jeremy Cahen has built a significant online presence, especially on social media platforms like Instagram and X. He also founded the controversial decentralized crypto project Pond0x, which was initially promoted as an “unstoppable” and permissionless protocol but quickly faced - [Powered by Shib Operating System](https://news.shib.io/2025/02/06/powered-by-shib-operating-system/): Read the latest edition of The Shib Magazine here. - [DeepSeek AI Ban: Hawley’s Bill Seeks to Cut US-China AI Ties, Impose Jail Time](https://news.shib.io/2025/02/06/deepseek-ai-ban-hawleys-bill-seeks-to-cut-us-china-ai-ties-impose-jail-time/): U.S. Senator Josh Hawley has proposed a new bill that seeks to block the import and export of artificial intelligence technologies between the U.S. and China, citing national security threats. The bill, titled the “Decoupling America’s Artificial Intelligence Capabilities from China Act,” does not specifically reference the Chinese AI company DeepSeek. Instead, it emphasized the broader goal of safeguarding U.S. intellectual property and preventing foreign adversaries from leveraging technologies that could compromise national security. “We cannot risk empowering our top adversary at the cost of our own strength. To maintain America’s economic dominance, we must sever China’s access to American - [CFTC Shifts Focus to Combat Fraud, Realigns Priorities for Digital Assets](https://news.shib.io/2025/02/06/cftc-shifts-focus-to-combat-fraud-realigns-priorities-for-digital-assets/): Caroline Pham, the acting chair of the U.S. Commodity Futures Trading Commission (CFTC), has revealed that the agency will be phasing out its approach to regulation through enforcement. In a notice issued on February 4, Pham announced that the CFTC is realigning its Division of Enforcement priorities to concentrate on combating fraud. The commission plans to establish two specialized task forces: one dedicated to complex fraud and the other focused on retail fraud, ensuring a targeted approach to enforcement efforts. “This task force realignment will enhance our vigorous and energetic enforcement program by empowering our talented staff to focus their - [White House Ends Politico Payments as Musk Leads Spending Crackdown](https://news.shib.io/2025/02/06/white-house-ends-politico-payments-as-musk-leads-spending-crackdown/): Politico staff have been experiencing delays in their bi-weekly direct deposits this week, sparking speculation that Elon Musk’s efforts to curb government spending may have contributed to the issue. According to Fox News Digital, an employee shared that management did not address the issue until 9 a.m., attributing the delay to a “technical error.” The Politico employee further stated that as staff members grew increasingly anxious, many concerns remained unanswered.  On Wednesday, White House Press Secretary Karoline Leavitt announced that Politico, a U.S.-based news outlet, has been receiving government funding — support that is set to end as the Department - [AI Granny ‘Daisy’ Outsmarts Scammers, Wastes Their Time for Fun](https://news.shib.io/2025/02/06/ai-granny-daisy-outsmarts-scammers-wastes-their-time-for-fun/): An AI-powered bot named Daisy is giving scammers a hard time by annoying them with persistent, frustrating conversations. Designed as a virtual grandma, Daisy has become an unexpected tool in the fight against fraudsters, turning the tables by wasting their time and disrupting their schemes. O2, a British telecom provider, created Daisy at the end of last year to tackle phone fraud. Since its launch, Daisy has proven to be an effective tool in disrupting scams by engaging fraudsters in lengthy, unproductive conversations, helping to minimize their impact and highlight how AI can be used to fight back against such - [FDIC Clears Banks to Manage Crypto, Offer Token Deposits Freely](https://news.shib.io/2025/02/06/fdic-clears-banks-to-manage-crypto-offer-token-deposits-freely/): The Federal Deposit Insurance Corporation (FDIC) has announced plans to revise its policies, allowing U.S. banks to manage cryptocurrency assets and offer tokenized deposits without prior regulatory approval. During a Senate hearing, Acting FDIC Chairman Travis Hill confirmed that the agency is revising its stance on cryptocurrency. He explained that the FDIC is re-evaluating its previous policies that had discouraged banks from engaging with crypto assets. Hill noted that financial institutions interested in entering the crypto space often faced significant delays, excessive scrutiny, and pushback from regulators. This hindered their efforts to participate in the growing sector. According to Barron’s, - [FTX Bahamas Arm to Start Repaying Creditors on February 18](https://news.shib.io/2025/02/05/ftx-bahamas-arm-to-start-repaying-creditors-on-february-18/): FTX Digital Markets, the Bahamian division of the collapsed crypto exchange FTX, has announced it will start reimbursing creditors who lost access to their funds after the platform’s downfall in November 2022. FTX creditor Sunil Kavuri revealed in a February 4 post on X that FTX Digital Markets will begin issuing payments to “convenience class” creditors. The notice indicated that users with claims under $50,000 would receive full reimbursement, plus 9% annual interest accrued since the exchange’s collapse in November 2022. The distribution is set to start on February 18. The notice, which originated from a creditor who filed for - [Crypto Wallet Users Hacked: Exploit Drains Funds on Adult Sites](https://news.shib.io/2025/02/05/crypto-wallet-users-hacked-exploit-drains-funds-on-adult-sites/): Phantom and Trust Wallet users have been vulnerable to an exploit, resulting in unauthorized fund withdrawals when accessing adult websites through their wallet browsers. The hack reportedly leverages weaknesses in the wallet’s browser functionality. When users access specific adult websites, malicious scripts are activated, allowing cybercriminals to gain control over the wallet. Once access is obtained, digital assets are swiftly transferred to the attacker’s account, with no way to recover the stolen funds. In a recent post on X, crypto advocate Dom Lucre shared the growing security threat affecting crypto wallet browsers. He advised individuals to avoid accessing adult content - [Malware in App Stores: Kaspersky Warns of Crypto Wallet Theft](https://news.shib.io/2025/02/05/malware-in-app-stores-kaspersky-warns-of-crypto-wallet-theft/): Global cybersecurity company Kaspersky Labs has revealed that malicious software development kits found in apps on both Google Play and Apple’s App Store are being used to steal cryptocurrency. The malware in app stores reportedly scans user photos for wallet recovery phrases, allowing hackers to access and empty crypto funds. In a February 4 report, Kaspersky analysts Sergey Puzan and Dmitry Kalinin revealed that the malware, dubbed SparkCat, targets devices by using an optical character recognition (OCR) tool. Once the device is infected, the malware scans images for specific keywords in multiple languages, looking for sensitive data. “The intruders steal - [China Hits Back: Retaliatory Tariffs and Export Controls Target Key U.S. Industries](https://news.shib.io/2025/02/05/china-hits-back-retaliatory-tariffs-and-export-controls-target-key-u-s-industries/): China has quickly retaliated against the newly imposed trade tariffs by the United States, announcing its own set of tariffs on various American goods just moments after the U.S. measures took effect. On Tuesday, a 10% tariff on all Chinese imports to the United States was activated, as announced by President Donald Trump. In response, China’s Ministry of Finance outlined new measures, including a 15% tariff on certain types of coal and liquefied natural gas, along with a 10% levy on crude oil, agricultural machinery, large-displacement vehicles, and pickup trucks.  In addition, China’s Ministry of Commerce and Customs Administration introduced - [DOGE Sparks Lawsuit: Union Groups Sue US Treasury Over Alleged Data Breach](https://news.shib.io/2025/02/05/doge-sparks-lawsuit-union-groups-sue-us-treasury-over-alleged-data-breach/): Union Groups have filed a lawsuit against the U.S. Treasury, alleging that the latter violated federal laws by allowing the Department of Government Efficiency (DOGE) to access Americans’ sensitive financial and personal information. According to a February 3 filing, the Alliance for Retired Americans, the American Federation of Government Employees, and the Service Employees International Union filed a lawsuit against the U.S. Treasury and Secretary Scott Bessent in federal court in Washington, D.C. The lawsuit seeks to halt what the union alleges is an “unlawful, ongoing, systematic, and continuous disclosure of personal and financial information” to the organization and its - [India Pivots On Crypto Policy Amid Global, US Shifts](https://news.shib.io/2025/02/04/india-pivots-on-crypto-policy-amid-global-us-shifts/): India is reconsidering its crypto policy in light of shifting global attitudes, particularly after U.S. President Donald Trump’s digital assets executive order, which has sparked regulatory discussions in several countries. According to Reuters, India is reconsidering its crypto policy as global perspectives shift, with the government reviewing a discussion paper that was due for release in September 2024. The paper, aimed at addressing crypto regulation, was postponed last year due to other priorities. Currently, the regulations only cover anti-money laundering and electronic fund transfers, rather than specific crypto-focused policies. Ajay Seth, Economic Affairs Secretary, noted that digital assets transcend borders, - [Crypto Czar David Sacks to Unveil US Digital Asset Policy Plan](https://news.shib.io/2025/02/04/crypto-czar-david-sacks-to-unveil-us-digital-asset-policy-plan/): David Sacks, appointed by President Donald Trump as the White House AI and Crypto Czar, is set to hold a press conference with key Republican policymakers to discuss the government’s US digital asset policy plan. The press conference, set for Tuesday, February 4, will focus on how Congress and President Trump’s cabinet plan to “secure America as a leader in the digital asset ecosystem.” The press conference will be attended by several GOP lawmakers and pro-crypto politicians, such as Senate Banking Committee Chair Tim Scott, House Financial Services Committee Chair French Hill, Senate Agriculture Committee Chair John Boozman, and House - [Coinbase Users Lose $65M in Phishing Scams Amid Security Failures](https://news.shib.io/2025/02/04/coinbase-users-lose-65m-in-phishing-scams-amid-security-failures/): Popular cryptocurrency exchange Coinbase has faced backlash after a series of social engineering scams over the past two months led to users losing millions, raising concerns over security vulnerabilities and fraud prevention measures. Blockchain investigator ZachXBT revealed in an X thread that users lost at least $65 million to social engineering scams between December 2024 and January 2025. However, he cautioned that the actual figure could be significantly higher, as his findings were based on limited data, including direct messages and on-chain transactions. The wave of phishing scams targeting Coinbase users relied on fake emails, spoofed customer service calls, and - [Russia Crypto Mining Hub in Far East to Use Surplus Energy](https://news.shib.io/2025/02/04/russia-crypto-mining-hub-in-far-east-to-use-surplus-energy/): Russia Deputy Prime Minister Yuri Trutnev has proposed using surplus electricity in the Far East for cryptocurrency mining, instructing both new and idle power plants to support Bitcoin mining rigs. According to Amurskoye Oblastnoe Televidenie, Deputy Prime Minister Yuri Trutnev held a meeting discussing energy development in the Far Eastern Federal District. Trutnev suggested that turning the Far East into a crypto mining hub could solve the region’s electricity surplus problem. The Deputy Prime Minister argued that maintaining energy reserves is costly, and using the surplus to power crypto miners could help offset these expenses. Trutnev emphasized that this strategy - [Senator Hints Trump Sovereign Wealth Fund Could Lead to the U.S. Buying Bitcoin](https://news.shib.io/2025/02/04/senator-hints-trump-sovereign-wealth-fund-could-lead-to-the-u-s-buying-bitcoin/): President Donald Trump has issued an executive order (EO) mandating the establishment of a sovereign wealth fund. Wyoming Senator Cynthia Lummis is speculating that this could pave the way for the U.S. government to acquire Bitcoin. On February 3, President Trump signed an EO in the Oval Office directing Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick to commence the process of establishing a U.S. sovereign wealth fund.  Bessent stated that the EO is set to be implemented within the next 12 months. He emphasized that the initiative aims to “monetize the asset side of the U.S. balance sheet,” - [Trump Trade War Could Send Bitcoin Prices 'Violently Higher'](https://news.shib.io/2025/02/03/trump-trade-war-could-send-bitcoin-prices-violently-higher/): Jeff Park, Head of Alpha Strategies at BitWise, has predicted that President Donald Trump’s tariffs could drive Bitcoin (BTC) prices significantly higher over time, citing the potential weakening of the U.S. dollar and lower yields on U.S. government bonds. In a recent post on X, Park explained that the purpose of the tariffs is to strategically weaken the U.S. dollar in international trade. This move aims to address trade imbalances and enhance the competitiveness of U.S. exports. Park also predicted that a “Plaza Accord 2.0” is on the horizon, referring to the historic 1985 agreement between the U.S., Japan, West - [MuskIt Team Unveils Musk Tower in UAE to Boost Blockchain Innovation](https://news.shib.io/2025/02/03/muskit-team-unveils-musk-tower-in-uae-to-boost-blockchain-innovation/): The MuskIt team has officially unveiled the long-awaited Musk Tower, a groundbreaking development that will center around the Musk Institute. The goal is to drive innovations in technology, renewable energy, and blockchain. According to a press release from Chainwire, central to this vision is the MuskIt Token, a cryptocurrency associated with the MuskIt ecosystem, designed to power a range of projects under the MuskIt brand. The token aims to serve as a central unit of value within the MuskIt network, encouraging community participation and growth.  With an emphasis on transparency and security, MuskIt Token is being positioned as a key - [21Shares Files for SEC Approval to Launch Polkadot ETF in US](https://news.shib.io/2025/02/03/21shares-files-for-sec-approval-to-launch-polkadot-etf-in-us/): Asset management firm 21Shares has filed with the U.S. Securities and Exchange Commission (SEC) for approval of a spot Polkadot exchange-traded fund (ETF), which, if approved, would be listed on the Cboe BZX Exchange. In a filing on January 31, the firm proposed the 21Shares Polkadot Trust, with cryptocurrency exchange Coinbase serving as the custodian for the DOT holdings. This move builds on 21Shares’ previous efforts to expand Polkadot investment options. In February 2021, the firm made a significant mark by launching the first-ever Polkadot exchange-traded product (ETP) on Switzerland’s SIX Exchange, offering institutional investors a new way to engage - [Kraken to Delist USDT and Stablecoins in Europe by March](https://news.shib.io/2025/02/03/kraken-to-delist-usdt-and-stablecoins-in-europe-by-march/): The cryptocurrency exchange Kraken has announced plans to delist Tether’s USDT and four other stablecoins in Europe. This is in compliance with the European Union’s Markets in Crypto-Assets Regulation (MiCA), following a phased approach to minimize market disruptions.  Kraken plans to completely delist Tether’s USDT by March 31, while gradually phasing out support for PayPal USD, Tether EURt (EURT), TrueUSD, and TerraClassicUSD (UST) across its European platform. “These changes ultimately ensure Kraken remains compliant and is able to provide its exceptional trading experience to European clients for the long term,” the company stated in its official announcement. To comply with - [Alibaba Unveils Qwen 2.5-Max, Challenging DeepSeek in AI Race](https://news.shib.io/2025/02/03/alibaba-unveils-qwen-2-5-max-challenging-deepseek-in-ai-race/): In a bold move following DeepSeek’s viral success, Chinese tech giant Alibaba has introduced its latest AI model, Qwen 2.5-Max, with the goal to make waves in the rapidly evolving AI space. Launched on the first day of the Lunar New Year, Alibaba asserts that its enhanced model surpasses competitors like ChatGPT, Meta’s Llama, and DeepSeek in a majority of performance benchmarks. Alibaba’s release of the upgraded Qwen 2.5-Max follows the debut of DeepSeek’s R1 model, which has garnered attention for offering similar performance to top AI models at a significantly lower development cost. DeepSeek’s innovation has had a significant - [The Shib News Recap: Friday](https://news.shib.io/2025/01/31/the-shib-news-recap-friday-5/): This Friday, The Shib Daily covers a variety of hot topics in the crypto sphere, starting with OpenAI’s accusations against DeepSeek, which has implications for the future of artificial intelligence. Grayscale’s launch of a new Bitcoin Miners ETF is also making headlines, signaling a growing interest in mining assets. Meanwhile, the decision by Gemini to ban MIT graduates and Ross Ulbricht’s $12 million loss on Pump.fun raises important discussions about crypto market sentiments and risks. OpenAI Alleges DeepSeek Is Capitalizing on Its Innovations OpenAI is concerned that DeepSeek, its rapidly growing competitor in China, is leveraging its innovations to speed - [Binance Denies Ties to Hamas, Seeks Dismissal of Terror Funding Suit](https://news.shib.io/2025/01/31/binance-denies-ties-to-hamas-seeks-dismissal-of-terror-funding-suit/): A federal judge has yet to rule on a motion to dismiss a lawsuit filed by the families of victims impacted by the 2023 Hamas attack in Israel, targeting cryptocurrency exchange Binance and its former CEO, Changpeng Zhao. On January 30, Binance’s legal team argued before the U.S. District Court for the Southern District of New York, seeking to dismiss a lawsuit filed by the families of victims affected by the 2023 Hamas attack. A lawsuit filed in January 2024 accused Binance, its CEO Changpeng “CZ” Zhao, and entities in Iran and Syria of providing significant assistance that helped Hamas - [Gemini Bans Hiring MIT Graduates Over Gary Gensler Affiliation](https://news.shib.io/2025/01/31/gemini-bans-hiring-mit-graduates-over-gary-gensler-affiliation/): Gemini CEO Tyler Winklevoss has announced that the company will not hire graduates from the Massachusetts Institute of Technology (MIT) as long as the university maintains an affiliation with former U.S. Securities and Exchange Commission (SEC) chair Gary Gensler. Gensler, who chaired the commission for nearly four years, stepped down from his position and took on a teaching role at the prestigious university to teach research in artificial intelligence in finance, financial technology, and regulatory policy. “As long as MIT has any association with Gary Gensler, Gemini will not hire any graduates from this school,” Winklevoss posted on X in - [Grayscale Launches Bitcoin Miners ETF on NYSE Arca for Investors](https://news.shib.io/2025/01/31/grayscale-launches-bitcoin-miners-etf-on-nyse-arca-for-investors/): Grayscale Investments, the cryptocurrency asset manager, has introduced the Grayscale Bitcoin Miners ETF (MNRS) on NYSE Arca, offering investors a new way to invest in Bitcoin mining companies. The company unveiled the MNRS on January 20. The fund targets companies listed on the Indxx Bitcoin Miners Index, which includes firms primarily generating revenue from Bitcoin mining, as well as related hardware, software, services, and other initiatives. The ETF’s top ten holdings feature several leading Bitcoin mining firms, including Marathon Digital Holdings with a 16.6% allocation, Riot Platforms at 11.9%, and Core Scientific with 9.2%. These companies are key contributors to - [Ross Ulbricht Loses $12M on Pump.fun Due to Liquidity Pool Mistake](https://news.shib.io/2025/01/31/ross-ulbricht-loses-12m-on-pump-fun-due-to-liquidity-pool-mistake/): Silk Road founder Ross Ulbricht has faced a $12 million loss on Pump.fun after attempting to liquidate ROSS tokens. Despite only receiving $600,000, he still retains 10% of the token supply. Blockchain analysis firm Arkham Intelligence reported that Ulbricht, or whoever has access to his wallet, attempted to liquidate the ROSS meme coin, which led to a significant drop in its value and resulted in substantial financial losses. Ulbricht’s Solana donation address received 50% of the supply of ROSS from the developer last week. Ross tried to add single-sided liquidity to sell the coins off passively, but accidentally created a - [OpenAI Accuses Chinese AI Firm DeepSeek of Copying Its Tech](https://news.shib.io/2025/01/31/openai-accuses-chinese-ai-firm-deepseek-of-copying-its-tech/): OpenAI, a prominent player in AI research, has expressed concerns that its fast-rising Chinese competitor, DeepSeek, is exploiting its innovations to accelerate the development of its own AI technologies. This week, OpenAI and other major U.S. tech companies faced a significant challenge with the unexpected debut of DeepSeek, a Chinese app that mimics the capabilities of ChatGPT but at a fraction of the cost. According to a report by Bloomberg, Microsoft, OpenAI’s largest investor, is investigating whether data from the AI firm’s technology infrastructure was improperly accessed by a group linked to the Chinese AI startup.  Additionally, in late 2024, - [Shiba Inu Burns 1 Billion SHIB in Symbolic Milestone](https://news.shib.io/2025/01/30/shiba-inu-burns-1-billion-shib-in-symbolic-milestone/): One billion SHIB tokens vanished into the digital ether today, as the Shiba Inu Core Team marked a significant milestone in its quest to reshape the cryptocurrency’s destiny, coinciding with the launch of the enhanced Shiba Inu Burn Portal, ShibTorch V2. Symbolic Shiba Inu Burn The burn, executed on Thursday at 4:34 p.m. UTC, saw precisely 1,000,148,675.028919334994574473 SHIB tokens, worth approximately $18,832.80 at the time of the burn, transferred from the address identified as “Shiba Inu: Deployer 2” to a designated “dead address” (0x00…dEaD). This transaction, publicly verifiable on the Ethereum blockchain explorer Etherscan, effectively removed the tokens from the - [ShibTorch V2 Arrives: Shiba Inu OS Evolves with Enhanced Burning Mechanism](https://news.shib.io/2025/01/30/shibtorch-v2-arrives-shiba-inu-os-evolves-with-enhanced-burning-mechanism/): The Shib Army wields a new weapon today: ShibTorch V2, a refined platform for burning SHIB tokens, emerges as a cornerstone of the evolving Shiba Inu Operating System (Shib OS), and it is now directly accessible through the official Shiba Inu website, Shib.io. This new iteration, arriving just months after the debut of the original ShibTorch in August, introduces a suite of enhancements designed to refine the token burning process, bolster security, and deepen community engagement within the burgeoning Shiba Inu ecosystem, all from the convenience of the project’s core online hub. Building on a Foundation of Community Participation ShibTorch - [Trump Weighs Stricter Nvidia Chip Export Ban to China](https://news.shib.io/2025/01/30/trump-weighs-stricter-nvidia-chip-export-ban-to-china/): The Trump administration has reportedly been considering tighter restrictions on the sales of Nvidia H20 chips to China, following the fallout from DeepSeek’s release of the R1 model. According to Bloomberg, citing unnamed sources, discussions regarding potential restrictions on the shipment of these artificial intelligence leader’s chips to China are still in the preliminary stages among officials in the Trump administration. Should President Trump’s administration implement stricter export controls on high-performance computing chips and semiconductors to the Asian country, it would represent the fourth instance since 2022 of the U.S. government enacting similar measures. The Nvidia H20 chip is a - [SEC Acknowledges Litecoin ETF Filing, Starts 240-Day Decision Clock](https://news.shib.io/2025/01/30/sec-acknowledges-litecoin-etf-filing-starts-240-day-decision-clock/): The U.S. Securities and Exchange Commission (SEC) has formally acknowledged Canary Capital’s 19b-4 filing for a Litecoin exchange-traded fund (ETF), marking a step forward in the approval process. However, the agency has yet to take action on most other altcoin ETF proposals. Canary Capital’s Litecoin ETF is the first altcoin fund, aside from Ethereum, to receive this acknowledgment from the SEC. This development sets a regulatory deadline for the Commission to either approve or reject the proposal. If approved, the ETF could significantly reshape how investors gain exposure to cryptocurrencies. Litecoin has long remained in the shadow of Bitcoin and - [Warren Presses Trump’s Commerce Pick Howard Lutnick Over Tether Ties](https://news.shib.io/2025/01/30/warren-presses-trumps-commerce-pick-howard-lutnick-over-tether-ties/): U.S. Senator Elizabeth Warren has raised concerns about President Donald Trump’s Commerce Secretary nominee, Howard Lutnick, questioning his judgment due to his investment firm’s strong ties to Tether. Tether is a cryptocurrency platform criticized for allegedly facilitating illegal activities and labeled as “the favorite cryptocurrency of outlaws.” In a letter dated January 27, Warren also raised concerns about Lutnick’s ability to prioritize the interests of the American people over his own financial gains, should he be confirmed as Secretary of Commerce. The senator noted that while Howard Lutnick had divested his interest in Cantor Fitzgerald, which holds a 5% stake - [France Investigates Binance for Money Laundering, Fraud Allegations](https://news.shib.io/2025/01/30/france-investigates-binance-for-money-laundering-fraud-allegations/): French authorities have reportedly opened a judicial investigation into cryptocurrency exchange Binance, following allegations of money laundering and tax fraud, which the company has denied. According to a Reuters report, the Paris Public Prosecutor’s Office has initiated an investigation by its economic and financial crime division into cryptocurrency exchanges operating between 2019 and 2024. The probe focuses on alleged money laundering activities linked to drug trafficking. French regulators have ramped up scrutiny of cryptocurrency service providers while still allowing companies to operate under proper licenses. The investigation into Binance comes just over a month after Bybit announced its decision to - [DeepSeek Hit by Cyberattack Amid Surge in AI Popularity](https://news.shib.io/2025/01/30/deepseek-hit-by-cyberattack-amid-surge-in-ai-popularity/): Chinese AI startup DeepSeek suffered a cyberattack on Monday, coinciding with website outages just as its AI assistant surged to the top of Apple’s U.S. App Store rankings for free apps. DeepSeek initiated an investigation late Monday evening, Beijing time, after detecting technical issues, according to its status page. Following two hours of monitoring, the company confirmed it had fallen victim to a “large-scale malicious attack.” Although new registrations were temporarily paused, existing users were able to access their accounts as normal. The app has since resumed allowing new user sign-ups. Monday’s outages marked the longest disruption in nearly three - [Gen Z Driving Crypto Adoption: Gemini Survey Shows Record Growth in 2024](https://news.shib.io/2025/01/30/gen-z-driving-crypto-adoption-gemini-survey-shows-record-growth-in-2024/): Gen Z is storming the gates of finance, with over half of adults aged 18-29 globally now owning or having owned cryptocurrency, according to a new survey by Gemini. This dramatic adoption rate, far surpassing that of older generations, signals a seismic shift in the financial landscape, as digital assets move from the fringes to the mainstream. High Cryptocurrency Ownership Among Gen Z A new survey by cryptocurrency exchange Gemini reveals that over half of Gen Z adults globally now own or have previously owned digital assets like Bitcoin and Ethereum, signaling a sea change in financial engagement. Conducted by - [Shib Network State](https://news.shib.io/2025/01/29/shib-network-state/): Read the latest edition of The Shib Magazine here. - [Understanding Crypto Mining: A Beginner's Guide](https://news.shib.io/2025/01/29/understanding-crypto-mining-a-beginners-guide/): Cryptocurrency mining is one of the most fascinating yet misunderstood aspects of the digital currency revolution. For many, it conjures images of complex computer systems humming away in dark rooms, unlocking the secrets of Bitcoin and other cryptocurrencies. But what exactly is crypto mining, how does it work, and why does it matter? At its core, cryptocurrency mining is the process of validating and adding transactions to a blockchain — a decentralized digital ledger. In proof-of-work (PoW) systems like Bitcoin, this involves solving complex mathematical puzzles, a process that ensures the integrity and security of the blockchain. Miners compete to - [Crypto and Social Media: How X and Instagram Fuel Crypto Talks](https://news.shib.io/2025/01/29/crypto-and-social-media-how-x-and-instagram-fuel-crypto-talks/): Crypto and social media — two pillars of the modern digital era — have formed a symbiotic relationship that’s reshaping the way digital currencies are discovered, discussed, and traded. Platforms like X (formerly known as Twitter) and Instagram have become hubs for real-time updates, influencer opinions, and community-driven conversations, creating a dynamic environment where crypto thrives.  As cryptocurrencies become more mainstream, these platforms are not only fueling widespread interest but are also playing a pivotal role in influencing market trends and fostering a new wave of engagement. For many, social media has become the first point of contact with the - [How to Verify Legitimacy and Avoid Meme Coin Scams](https://news.shib.io/2025/01/29/how-to-verify-legitimacy-and-avoid-meme-coin-scams/): Meme coins have become a cultural phenomenon in the cryptocurrency space, offering humor-infused branding and the allure of overnight riches. From the meteoric rise of Dogecoin to the frenzy surrounding Shiba Inu, meme coins have captured the attention of both seasoned investors and novices. However, with their popularity comes an influx of meme coin scams designed to exploit unsuspecting enthusiasts. Verifying the legitimacy of a meme coin is essential to protecting your investments and avoiding potential losses. This guide provides practical tips, tools, and red flags to help you assess the credibility of a meme coin before you invest and - [How Cryptocurrency is Reshaping the Gaming Industry](https://news.shib.io/2025/01/29/how-cryptocurrency-is-reshaping-the-gaming-industry/): Cryptocurrency is revolutionizing industries worldwide, and gaming is no exception. By integrating blockchain technology and digital currencies, the gaming sector is undergoing a transformation that promises to redefine how games are played, created, and monetized. What was once a simple leisure activity has evolved into a complex ecosystem where players can earn real-world value, developers can innovate business models, and communities can collaborate in unprecedented ways.  Blockchain gaming is not just about entertainment anymore; it’s becoming a powerful force that bridges the gap between technology, finance, and culture. This transformation has introduced opportunities for economic empowerment, offering players ownership of - [Celebrities and Crypto: Trendy Fad or True Financial Revolution?](https://news.shib.io/2025/01/29/celebrities-and-crypto-trendy-fad-or-true-financial-revolution/): In recent years, the world of cryptocurrency has experienced explosive growth, going way beyond tech influencers and financial experts. Now, the trend toward celebrities and crypto investment appear to be on the rise, too. From musicians and athletes to actors and entrepreneurs, many well-known figures have publicly embraced Bitcoin and other digital currencies, either through investments or by actively promoting blockchain-based projects. This trend is not merely a passing phase for some — it represents a significant shift in how people think about money and financial systems. Celebrities like Gwyneth Paltrow, Soulja Boy, and Ashton Kutcher have not only jumped - [Trump Reveals Microsoft in Talks to Acquire TikTok Amid Ban Threat](https://news.shib.io/2025/01/28/trump-reveals-microsoft-in-talks-to-acquire-tiktok-amid-ban-threat/): President Donald Trump has revealed that Microsoft is in discussions to purchase TikTok just days after the social media platform was temporarily banned in the U.S. He has also expressed interest in seeing a competitive bidding process for the app. TikTok has approximately 170 million users in the U.S. It was temporarily removed from the internet just ahead of a law that mandated its Chinese parent company, ByteDance, to either sell the app or face a potential ban on national security grounds. The law went into effect on January 19. President Trump had previously mentioned that he was engaged in - [SEC Wins Partial Victory as Judge Rejects Kraken's Jurisdiction Defense](https://news.shib.io/2025/01/28/sec-wins-partial-victory-as-judge-rejects-krakens-jurisdiction-defense/): A California federal judge has ruled in favor of the U.S. Securities and Exchange Commission (SEC), dismissing a defense from Kraken, the popular crypto exchange, that Congress had not granted the regulator authority over cryptocurrency. In a ruling on January 24, Judge William Orrick dismissed Kraken’s “major questions doctrine defense,” one of three arguments the SEC sought to have removed in its lawsuit against the exchange. The SEC alleges that Kraken offered unregistered securities, marking a partial win for the regulator in the ongoing legal battle. Judge Orrick ruled that the SEC was not claiming authority that was “exceedingly broad” - [Russia’s Top Energy Provider to Launch Crypto Mining Operations](https://news.shib.io/2025/01/28/russias-top-energy-provider-to-launch-crypto-mining-operations/): Rosseti, Russia’s leading energy provider, has reportedly begun exploring crypto mining to harness unused electricity from low-consumption power plants, with plans to potentially develop mining centers across the country. The Russian state-run news agency TASS reported that Rosseti is preparing to establish itself as an “operator for hosting mining infrastructure.” The electric grid operator is reportedly exploring the creation of crypto-mining centers powered by underutilized power plants. This development comes as Russian authorities continue their crackdown on electricity theft by unauthorized Bitcoin miners. This initiative marks a significant shift for Rosseti, which has previously focused much of its efforts on - [CFTC Announces Crypto Roundtables to Address Market Rules and Safeguards](https://news.shib.io/2025/01/28/cftc-announces-crypto-roundtables-to-address-market-rules-and-safeguards/): Caroline Pham, the acting chair of the U.S. Commodity Futures Trading Commission (CFTC), has revealed that the agency will host public roundtable discussions to tackle market concerns, with a focus on digital assets. On January 27, the CFTC announced plans to host roundtable events in the coming months, tackling topics such as conflicts of interest, prediction markets, and digital assets. Pham stated that these discussions would build on prior engagements with industry leaders and market stakeholders. “As I have long said, the CFTC must take a forward-looking approach to shifts in market structure to ensure our markets remain vibrant and - [DeepSeek's $6M AI Disrupts Silicon Valley, Erases $2T in US Stocks](https://news.shib.io/2025/01/28/deepseeks-6m-ai-disrupts-silicon-valley-erases-2t-in-us-stocks/): The launch of DeepSeek R1, an open-source AI language model, has shaken the U.S. stock market, triggering a significant selloff on Monday. Nvidia led the decline, with the ripple effect slashing the fortunes of several billionaires. Venture capitalist Nic Carter took to X to highlight how the launch of the Chinese-developed AI model has shattered the belief that China would be limited to creating closed-source AI. He also pointed out that this development has diminished Silicon Valley’s dominance, leveling the playing field with global competitors. Carter emphasized that DeepSeek’s emergence challenges the idea that OpenAI has an insurmountable edge in - [Ross Ulbricht Breaks Silence in New Documentary After Pardon](https://news.shib.io/2025/01/27/ross-ulbricht-breaks-silence-in-new-documentary-after-pardon/): Ross Ulbricht, the founder of the now-shuttered Silk Road marketplace, has partnered with filmmakers to produce a documentary detailing his journey and legal battles. On January 21, Ulbricht was granted a pardon by President Donald Trump, leading to his release from federal prison. This pardon, which fulfilled a promise made by President Trump during the Libertarian National Convention in May, has received strong support from the cryptocurrency community who have rallied behind Ulbricht’s cause. The Silk Road, often referred to as “the Amazon for Drugs,” was responsible for facilitating hundreds of millions of dollars in illicit transactions, sparking an intense - [Musk Explores Blockchain to Cut US Government Spending, Boost Transparency](https://news.shib.io/2025/01/27/musk-explores-blockchain-to-cut-us-government-spending-boost-transparency/): Tesla CEO Elon Musk, who heads the Department of Government Efficiency (DOGE), has reportedly been exploring the use of blockchain technology to streamline U.S. government operations and reduce federal spending. It appears he is engaged in ongoing discussions with various blockchain platforms. Bloomberg reports that the department is exploring the potential of blockchain technology to enhance data security, streamline payments, and optimize building management, all as part of its ongoing efforts to boost government efficiency. However, no specific blockchain networks were mentioned.  Staff members from the newly established non-government department have held discussions with representatives of public permissionless blockchain networks - [Tornado Cash Co-Founder Slams DOJ Charges as Attack on Privacy](https://news.shib.io/2025/01/27/tornado-cash-co-founder-slams-doj-charges-as-attack-on-privacy/): Roman Storm, co-founder of the privacy-focused cryptocurrency platform Tornado Cash, has spoken out about the ongoing legal challenges he faces following the lifting of sanctions on the platform. Storm, who is currently facing charges of conspiracy to commit money laundering and operating an unlicensed money-transmitting business, expressed concern over the broader implications of the case.  In a post on X, Storm argued that his prosecution stems from creating open-source code designed to facilitate private, non-custodial cryptocurrency transactions. He warned that if his case sets a legal precedent, it could have significant implications for software developers and their ability to innovate - [Shiba Inu Unleashes Swap and Bridge, Charting Course for Multichain Future](https://news.shib.io/2025/01/27/shiba-inu-unleashes-swap-and-bridge-charting-course-for-multichain-future/): The Shiba Inu ecosystem has taken a significant stride towards broader adoption with the launch of an upgraded Swap and Bridge platform on Shib.io. This enhanced functionality, more than just a technical tweak, aims to weave a tapestry of seamless cross-chain interactions, connecting Shibarium, its Layer-2 network, to users across a multitude of blockchains, all while maintaining its position as the central hub for settlement and governance. A Unified Interface For years, the Shib Army had tracked Shiba Inu’s progress, from a meme-inspired token to a more ambitious project with an increasingly robust ecosystem. Today, that evolution continued with the - [‘Bitcoin Jesus’ Roger Ver Seeks Trump Pardon; Musk Comments on Case](https://news.shib.io/2025/01/27/bitcoin-jesus-roger-ver-seeks-trump-pardon-musk-comments-on-case/): Roger Ver, a prominent figure in the cryptocurrency world who is also known as “Bitcoin Jesus,” has publicly appealed to President Donald Trump, seeking assistance to block his extradition to the U.S. In a video shared on X, Ver made a direct plea, arguing that President Trump’s dedication to justice could be the key to preventing his extradition. “As I’m filming this, these might be my very final moments of freedom. By later tonight in Spain, I could very well be in a Spanish prison, on my way back to the United States to face life in prison, up to - [Nasdaq Proposes Bitcoin Transfers for BlackRock Spot Bitcoin ETF](https://news.shib.io/2025/01/27/nasdaq-proposes-bitcoin-transfers-for-blackrock-spot-bitcoin-etf/): Nasdaq has filed a proposal with the U.S. Securities and Exchange Commission (SEC) on behalf of asset manager BlackRock, seeking approval to allow in-kind creation and redemption for its spot Bitcoin exchange-traded fund (ETF), the BlackRock iShares Bitcoin Trust (IBIT). The January 24 filing outlines a proposed rule change that would allow authorized participants, typically large financial institutions, to use Bitcoin directly, rather than cash, for creating new shares or redeeming existing ones. In a post on X, Bloomberg ETF analyst James Seyffart argued that BlackRock “should have been allowed to do this from the beginning” when IBIT debuted in - [Shiba Inu Embarks on Global Adoption Drive as Kusama Takes on New Role](https://news.shib.io/2025/01/26/shiba-inu-embarks-on-global-adoption-drive-as-kusama-takes-on-new-role/): The Shiba Inu ecosystem, once a poster child of the meme-coin phenomenon, now aggressively pivots towards global adoption. Former lead visionary, Shytoshi Kusama, assumes a new role as Lead Ambassador, signaling a profound transformation in the project’s trajectory and a push for real-world utility. Shiba Inu Visionary Transitions, Citing a Fulfilled Vision The Shiba Inu project, which captured the imagination of the cryptocurrency world with its rapid rise, entered a new phase this week. Kusama, known as “Shy” within the community, announced his move from lead visionary to Lead Ambassador.  In a blog post detailing the transition, Kusama stated, “I - [Astra Nova Pre-Sale: The Quest for $RVV Tokens Begins (Here’s Your Ultimate Guide)](https://news.shib.io/2025/01/26/astra-nova-pre-sale-the-quest-for-rvv-tokens-begins-heres-your-ultimate-guide/): Alright, crypto warriors. Mark your calendars—January 27 is fast approaching, and with it comes the Astra Nova pre-sale, where you can grab the shiny new $RVV tokens at a discount so good, it’s practically begging to be taken advantage of. But before you rush in like a kid in a candy store, let’s slow down, take a breath, and go over what you need to know to make sure you don’t end up with empty pockets and a bunch of regret. Spoiler alert: There’s more to it than just slapping in your wallet and hoping for the best. The Astra - [Astra Nova, Shiba Inu Unveil Details of Partnership: AI Survival Mode, $SHIB Burns, More](https://news.shib.io/2025/01/24/astra-nova-shiba-inu-unveil-details-of-partnership-ai-survival-mode-shib-burns-more/): A new era in crypto and gaming begins as Astra Nova and Shiba Inu unveil their highly anticipated partnership details, setting the stage for a new AI survival mode, $SHIB token burns, and more to come. The announcement signals a bold statement of ambition, a fusion of meme-powered energy and cutting-edge technology, poised to ignite the Web3 landscape. The announcement, made today, revealed specific initiatives set to integrate the gaming and cryptocurrency worlds, marking a new chapter in the intersection of blockchain and entertainment. Astra Nova, known for its AI-driven gaming experiences and Shiba Inu, the meme-inspired cryptocurrency that has - [Ledger Co-Founder David Balland Freed After Kidnapping, Ransom Demanded in Crypto](https://news.shib.io/2025/01/24/ledger-co-founder-david-balland-freed-after-kidnapping-ransom-demanded-in-crypto/): French authorities have successfully rescued Ledger co-founder David Balland and his wife, who were kidnapped by a violent group in Vierzon, France. The Paris prosecutor’s office confirmed that Mr. Balland was attended to by emergency services, though he requires medical treatment following the ordeal. France’s elite National Gendarmerie Intervention Group carried out a high-stakes operation that resulted in the successful rescue of David Balland late Wednesday. His wife, who had been held captive in a town in Essonne, was freed the following afternoon. The Paris prosecutor’s office reported that Balland and his wife were abducted by kidnappers who forced them - [SEC Cancels Controversial SAB 121 Rule on Crypto Accounting](https://news.shib.io/2025/01/24/sec-cancels-controversial-sab-121-rule-on-crypto-accounting/): The U.S. Securities and Exchange Commission (SEC) has rescinded its contentious rule requiring financial firms to classify cryptocurrency holdings as liabilities on their balance sheets. In a January 23 Staff Accounting Bulletin (SAB), the SEC announced the removal of its previous interpretive guidance from SAB 121. The SEC’s decision signifies a significant shift in the agency’s approach to crypto regulation, coming on the heels of former Chair Gary Gensler’s departure.  Introduced in March 2022, the crypto sector strongly opposed SAB 121, arguing it would complicate the management of digital assets and create unnecessary administrative burdens. Over the past year, the - [Ivanka Trump Condemns Unauthorized $IVANKA Meme Coin, Warns Consumers](https://news.shib.io/2025/01/24/ivanka-trump-condemns-unauthorized-ivanka-meme-coin-warns-consumers/): Ivanka Trump, daughter of President Donald Trump, has publicly disassociated herself from the $IVANKA meme coin, a cryptocurrency project using her name without authorization. In a statement shared on X, Trump emphasized that she has no affiliation with the $IVANKA meme coin and strongly criticized the unauthorized use of her name and image.  “To be clear: I have no involvement with this coin. This fake coin risks deceiving consumers and defrauding them of their hard-earned money, and the unauthorized use of my name and likeness is a violation of my rights,” she stated. Trump further denounced the meme coin, stating - [Ripple CEO Denies Lobbying Claims Amid Bitcoin Reserve Controversy](https://news.shib.io/2025/01/24/ripple-ceo-denies-lobbying-claims-amid-bitcoin-reserve-controversy/): Ripple CEO Brad Garlinghouse has denied accusations that Ripple Labs is actively working to block the creation of a Strategic Bitcoin Reserve. The company had been criticized for allegedly engaging in aggressive lobbying efforts to prevent its establishment. Pierre Rochard, Vice President of Research at Riot Platforms, has identified Ripple Labs as the primary hurdle to the creation of a Strategic Bitcoin Reserve. He said that the real opposition does not come from the Federal Reserve, the Treasury, banks, or even figures like Elizabeth Warren, who is known for her critical views of cryptocurrency. “It’s Ripple/XRP. They are aggressively lobbying - [Trump Explores National Bitcoin Stockpile, Bans US Digital Currency](https://news.shib.io/2025/01/24/trump-explores-national-bitcoin-stockpile-bans-us-digital-currency/): U.S. President Donald Trump has signed an Executive Order directing his administration to assess the possibility of creating a “national digital asset stockpile.” This is alongside the formation of the new Presidential Working Group on Digital Asset Markets. The Executive Order seeks to establish federal regulations for digital assets, including stablecoins, but stops short of immediately creating a strategic Bitcoin reserve. Additionally, the Executive Order suggests that the national digital asset stockpile could be formed from cryptocurrency assets legally seized by the federal government during law enforcement operations. Source: The White House website Arkham Intel data reveals that the U.S. - [SHIB OS: The Turnkey Solution](https://news.shib.io/2025/01/24/shib-os-the-turnkey-solution/): Read the latest edition of The Shib Magazine here. - [Upbit and Bithumb to Pay $2.4M for Crypto Outages During South Korean Martial Law](https://news.shib.io/2025/01/23/upbit-and-bithumb-to-pay-2-4m-for-crypto-outages-during-south-korean-martial-law/): South Korean cryptocurrency exchanges Upbit and Bithumb have pledged the largest-ever user compensation in the country’s crypto history, addressing losses caused by platform disruptions during the recent martial law declaration. On December 3, 2024, trading volumes spiked as Bitcoin prices fell following the announcement of martial law in South Korea. According to local newspaper Maeil Ilbo, South Korean crypto exchanges have reached an agreement to compensate users a total of 3.5 billion won (approximately $2.4 million) for 720 affected cases.  Per reports submitted to the National Assembly, Upbit will compensate more than 3.14 billion won for 596 cases, while Bithumb - [Kraken Donates $111K in Bitcoin to Ross Ulbricht After His Pardon](https://news.shib.io/2025/01/23/kraken-donates-111k-in-bitcoin-to-ross-ulbricht-after-his-pardon/): Crypto exchange Kraken has pledged a generous donation to Ross Ulbricht, the founder of the Silk Road, following his recent pardon. The contribution is aimed at supporting Ulbricht’s reintegration into society after his release, marking a significant move by the exchange to assist him in his post-incarceration journey. In a post on X, Kraken revealed that it donated $111,111 worth of Bitcoin (BTC) to the address listed on freeross.org, a website that claims to be Ross Ulbricht’s official platform for public support and donations. Mempool’s Bitcoin blockchain explorer reports that a total of 2.5 BTC, roughly valued at $263,000, has - [US Court Overturns Tornado Cash Sanctions in Major Crypto Privacy Win](https://news.shib.io/2025/01/23/us-court-overturns-tornado-cash-sanctions-in-major-crypto-privacy-win/): The Fifth Circuit Court of Appeals has overturned sanctions on the Tornado Cash cryptocurrency mixing protocol, marking a potential shift toward regulations that support privacy-focused technologies. On January 21, a U.S. Court issued its ruling in a case brought by six individuals challenging sanctions imposed on Tornado Cash. The plaintiffs argued that the sanctions violated the Administrative Procedure Act. The appeal, filed in November 2024, contended that the Treasury’s Office of Foreign Assets Control (OFAC) exceeded its legal powers when it imposed sanctions on Tornado Cash in 2022. The court determined that the OFAC had acted beyond its authority by - [Trump Launches $500B AI Stargate Initiative, Musk Doubtful](https://news.shib.io/2025/01/23/trump-launches-500b-ai-stargate-initiative-musk-doubtful/): U.S. President Donald Trump has introduced a $500 billion private-led initiative, “Stargate,” focused on establishing AI data centers across the country. However, Tesla CEO Elon Musk has voiced his opposition to the project. During a press conference on January 21, President Trump revealed that the initial equity backers of the Stargate project include OpenAI, the creator of ChatGPT, along with SoftBank and Oracle. He emphasized that the initiative would generate over 100,000 jobs for Americans. In a statement, OpenAI confirmed that SoftBank, OpenAI, Oracle, and MGX are the primary equity funders for the AI Stargate project. Meanwhile, Arm, Microsoft, NVIDIA, - [Lomashuk Clarifies No 'Second Foundation' Created Amid Ethereum Debate](https://news.shib.io/2025/01/23/lomashuk-clarifies-no-second-foundation-created-amid-ethereum-debate/): Lido founder Konstantin Lomashuk has clarified that a “Second Foundation” has not been established yet, following earlier comments that suggested its creation, amid ongoing changes to Ethereum’s administrative structure. In a January 22 post on X, Lomashuk quoted a Second Foundation X post which featured the phrase “hello world computer.” However, several hours later, Lomashuk clarified that his post was simply a tweet. “No actual second foundation has been created yet. Ethereum is the ultimate world computer, and every Etherean can help it grow, evolve, and succeed,” Lomashuk clarified in his recent post.  Lomashuk’s gesture led many to believe he - [The Shib News Recap: Wednesday](https://news.shib.io/2025/01/22/the-shib-news-recap-wednesday-2/): Today, The Shib Daily brings to light conversations focused on criminal justice reform, state authority, and their implications for the crypto industry. In addition, updates on the Ethereum Foundation from Vitalik Buterin and insights into rising institutional interest in ETFs have surfaced. Ross Ulbricht Freed: Trump’s Pardon Sparks Debate on Justice and State Authority President Trump has pardoned Ross Ulbricht, freeing him after over 4,000 days in prison. This decision has ignited discussions about justice, state authority, and technology. Ulbricht was the creator of Silk Road, a dark web marketplace for illicit goods that used Bitcoin. He ran the site - [SEC Forms Crypto Task Force Led by Hester Peirce to Clarify Rules](https://news.shib.io/2025/01/22/sec-forms-crypto-task-force-led-by-hester-peirce-to-clarify-rules/): In a move that follows President Donald Trump’s return to the White House, the U.S. Securities and Exchange Commission (SEC) has created a new crypto task force. This team will focus on establishing a regulatory framework for digital assets. On January 21, the SEC, under the leadership of acting Chair Mark Uyeda, introduced a new task force aimed at responding to the longstanding demands of the digital assets industry. Commissioner Hester Peirce, known as “Crypto Mom” for her pro-crypto stance on regulations, has been appointed to lead the task force.  “The Task Force’s focus will be to help the Commission - [ZachXBT Under Scrutiny After Cashing Out $4M from Meme Coin Tied to His Name](https://news.shib.io/2025/01/22/zachxbt-under-scrutiny-after-cashing-out-4m-from-meme-coin-tied-to-his-name/): Renowned blockchain investigator ZachXBT has attracted both criticism and support after on-chain data revealed he cashed out $4 million from a meme coin associated with his name. Blockchain data reveals that an address linked to ZachXBT, under the name investigations.sol, received half of the total supply of a newly created meme coin. This equates to 500 million ZACHXBT tokens. The token was created by an anonymous developer, in the investigator’s name.  Instead of holding or burning the 500 million tokens, ZachXBT added half of the supply to the ZACHXBT/SOL trading pair as single-sided liquidity. Shortly after adding the tokens to - [US Asset Managers File for DOGE and TRUMP Crypto ETF Amid Buzz](https://news.shib.io/2025/01/22/us-asset-managers-file-for-doge-and-trump-crypto-etfs-amid-buzz/): Osprey Funds and Rex Shares, both U.S.-based investment management firms, have officially filed with the U.S. Securities and Exchange Commission (SEC) to launch several cryptocurrency exchange-traded funds (ETFs), including ones focused on popular meme coins such as Dogecoin, Official Trump (TRUMP), and Bonk. In their January 21 filing, the firms also proposed the launch of ETFs for major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETHER), Solana (SOL), and XRP. These ETFs are structured to directly hold the underlying spot cryptocurrencies, in addition to related financial derivatives. “The Fund, under normal market conditions, invests at least 80% of its net assets - [Vitalik Buterin Defends Ethereum Foundation Leadership Amid Criticism](https://news.shib.io/2025/01/22/vitalik-buterin-defends-ethereum-foundation-leadership-amid-criticism/): Ethereum co-founder Vitalik Buterin has firmly asserted his control over the Ethereum Foundation, rejecting any suggestions for a leadership change. In a January 21 post on X, Buterin affirmed that he retained control over decisions regarding the Ethereum Foundation until upcoming reforms introduce a formal board. He also criticized some in the crypto community for being “actively toxic to top talent” and strongly condemned the harassment directed at Aya Miyaguchi, the Ethereum Foundation’s current executive director. Some members of the community have engaged in extreme harassment, including death threats against Miyaguchi. Buterin condemned these individuals, describing their comments as “pure - [Bank of America CEO: Crypto Payments Possible with Regulatory Approval](https://news.shib.io/2025/01/22/bank-of-america-ceo-crypto-payments-possible-with-regulatory-approval/): Bank of America CEO Brian Moynihan has revealed that U.S. banks are ready to integrate cryptocurrency for transactions, but are awaiting clear regulatory guidelines before proceeding, indicating the financial sector’s cautious approach toward crypto adoption. In an interview with CNBC’s Squawk Box, Andrew Ross Sorkin and Moynihan discussed how the banking industry’s view on cryptocurrencies might evolve, especially in light of President Donald Trump’s support for digital currencies. Moynihan emphasized that, despite the growing interest in crypto, he doesn’t consider it an immediate challenge to the U.S. dollar’s dominant position.  When questioned about whether Bank of America would fully embrace - [Coinbase CEO: Exchange Would Delist Tether if Required by U.S. Law](https://news.shib.io/2025/01/22/coinbase-ceo-exchange-would-delist-tether-if-required-by-u-s-law/): A regulatory showdown looms as Coinbase CEO Brian Armstrong declares the exchange will delist Tether if U.S. laws demand it, placing the world’s most traded stablecoin in the crosshairs. Tether Regulatory Challenges Intensify In a recent interview at the World Economic Forum in Davos, Switzerland, Coinbase CEO Brian Armstrong stated that the cryptocurrency exchange would remove Tether (USDT) from its U.S. platform if new legislation mandates such an action. Armstrong also noted that he anticipated future U.S. legislation to demand stablecoin issuers to hold 100% of their reserves in U.S. Treasury bonds and to pass audits. Armstrong emphasized that while - [Trump Fulfills Campaign Promise, Pardons Silk Road Founder Ross Ulbricht](https://news.shib.io/2025/01/22/trump-fulfills-campaign-promise-pardons-silk-road-founder-ross-ulbricht/): Just as promised, U.S. President Donald Trump frees Ross Ulbricht from prison with a sweeping pardon, setting the stage for a national conversation about government overreach and cementing his appeal to libertarian-minded voters.  Trump Announced Pardon of Ulbricht After 4,125 days in confinement, the pardon marked a dramatic turn of events in the long saga of the Silk Road founder, sending shockwaves through both the political and cryptocurrency landscapes, immediately prompting debate about justice, technology, and the limits of state authority. This decision, which fulfilled a key campaign pledge, highlighted Trump’s willingness to disrupt political norms and throws a spotlight - [The Shib News Recap: Tuesday](https://news.shib.io/2025/01/21/the-shib-news-recap-tuesday-4/): In today’s headlines, the spotlight is on the significant market performance of Shiba Inu Treat ($TREAT) on KuCoin. Mark Cuban’s encouraging comments about Shiba Inu further contribute to the excitement, suggesting a bright future for the Shib ecosystem. Meanwhile, ongoing leadership shifts in crypto regulation and the possibility of Ross Ulbricht’s pardon are also stirring conversations. Shiba Inu Treat ($TREAT) Rallies 111%; Mark Cuban Recognizes Shiba Inu’s Viability $TREAT has surged 111% in the past 24 hours, which led to it becoming a top gainer on KuCoin. It surpassed notable tokens like $OBT and $SWARMS during this period. $TREAT is - [Trump Will Pardon Silk Road's Ross Ulbricht, Elon Musk Predicts](https://news.shib.io/2025/01/21/trump-will-pardon-silk-roads-ross-ulbricht-elon-musk-predicts/): Tesla CEO Elon Musk has stated that Ross Ulbricht, the founder of the notorious Silk Road marketplace, will be granted a presidential pardon by President Donald Trump. In reply to a comment on X asking President Trump to pardon Ulbricht, Musk appeared to confirm that the Silk Road founder would be granted clemency. “Ross will be freed too,” Musk stated simply.  During his election campaign, Trump promised to “commute the sentence” of Ulbricht “on day one.” However, despite Trump’s signing of multiple executive orders in the Oval Office after his inauguration, Ulbricht has not yet received official confirmation regarding the - [First 200 Trump Executive Orders Address Crypto, WLFI Buys $100M](https://news.shib.io/2025/01/21/first-200-trump-executive-orders-address-crypto-wlfi-buys-100m/): The first 200 executive orders signed by President Donald Trump address matters concerning virtual assets, according to David Bailey, the CEO of Bitcoin Magazine. The Trump executive orders, which were signed shortly after the inauguration, drew attention for their potential to redefine the global financial realm. “Got confirmation tonight that our EOs are among the first 200. I have no idea what made it in, but good news cometh,” Bailey stated in a post on X. Bailey’s comments have reignited enthusiasm within the cryptocurrency community, emphasizing the orders’ possible influence on the sector. Executive orders are implemented directly through executive - [Fake Trump Meme Coins Cause Frenzy Following Official Launch](https://news.shib.io/2025/01/21/fake-trump-memecoins-cause-frenzy-following-official-launch/): Meme coin traders have struggled to navigate the growing influx of Trump-themed tokens, as numerous fake Trump memecoins emerged shortly after the release of the official coin, making it difficult to distinguish legitimate offerings from the noise. Traders are closely monitoring the market for additional Trump-branded meme coins after the official token bearing President Donald Trump’s name briefly surpassed a fully-diluted valuation (FDV) of $80 billion on January 18 — just one day after its launch. The Trump family has officially endorsed only one other token besides the Trump-branded coin: Official Melania (MELANIA), a cryptocurrency named after First Lady Melania - [Caroline Pham Named Acting CFTC Chair After Rostin Benham Exit](https://news.shib.io/2025/01/21/caroline-pham-named-acting-cftc-chair-after-rostin-benham-exit/): The U.S. Commodity Futures Trading Commission (CFTC) has named Caroline Pham, a current commissioner, as its acting chair following a vote by the agency’s commissioners. Pham will take over the agency on an interim basis, replacing the current CFTC chair Rostin Behnam, until President Donald Trump nominates a permanent head for the regulator, subject to Senate confirmation. The Republican commissioner, a former Citibank executive, brings extensive experience in the crypto space. Having advocated for digital asset regulation, Caroline Pham has been serving as a CFTC commissioner since April 2022. “I’m humbled to lead the CFTC as Acting Chairman,” Pham said - [Trump DOGE Faces Legal Scrutiny Amid Leadership Turmoil and Rift](https://news.shib.io/2025/01/21/trump-doge-faces-legal-scrutiny-amid-leadership-turmoil-and-rift/): As President Donald Trump begins his term, his newly established advisory group, the Department of Government Efficiency (DOGE), has been hit with legal challenges over its adherence to federal transparency laws. A report from The Washington Post on January 20 revealed that the National Security Counselors (NSC) filed a 30-page legal complaint, claiming that the Elon Musk-led agency qualifies as a federal advisory committee.  As such, the agency is required to adhere to specific governance standards, including the submission of a formal charter. According to the complaint, DOGE failed to meet these requirements, violating the Federal Advisory Committee Act (FACA) - [$TREAT Outperforms Market, Ranks First on Major CEX with Triple-Digit Surge](https://news.shib.io/2025/01/21/treat-outperforms-market-ranks-first-on-major-cex-with-triple-digit-surge/): A new contender emerges in the volatile cryptocurrency market as Shiba Inu Treat ($TREAT), a token of the Shiba Inu ecosystem, skyrockets to the top of KuCoin’s gainers list, boasting a remarkable 111% surge in the past 24 hours. $TREAT: A Meteoric Rise Amid Market Volatility The rapid ascent of Shiba Inu Treat $TREAT stood out in a market characterized by fluctuating sentiment. According to an X post by KuCoin, $TREAT’s dramatic price surge outpaced other notable tokens, highlighting the unpredictable nature of crypto assets. While other tokens like $OBT and $SWARMS saw notable gains, TREAT’s 111% increase was the - [Trump Appoints Mark Uyeda as Acting SEC Chair Post Gensler's Resignation](https://news.shib.io/2025/01/21/trump-appoints-mark-uyeda-as-acting-sec-chair-post-genslers-resignation/): The balance of power at the Securities and Exchange Commission (SEC) tilts dramatically as U.S. President Donald Trump appoints Mark Uyeda acting chair, a move that not only replaces Gary Gensler but also promises a significant rollback of his ambitious regulatory agenda, particularly in the realm of digital assets. Uyeda Appointment: A New Direction for the SEC? The appointment of Uyeda as acting SEC chair followed President Trump’s inauguration, marking a significant shift in the regulatory landscape for both traditional finance and the burgeoning cryptocurrency industry. The newly appointed acting SEC chairman, a Republican SEC commissioner since June 2022, replaced - [Mark Cuban Highlights Shiba Inu as a Success While Flirting with Meme Coin Creation](https://news.shib.io/2025/01/21/mark-cuban-highlights-shiba-inu-as-a-success-while-flirting-with-meme-coin-creation/): In a surprising tweet, billionaire Mark Cuban elevates Shiba Inu to a rare status: a meme coin that, according to him, has actually “worked.” This classification, delivered during a discussion on launching his own meme coin, lends a new level of legitimacy to the project that started as a meme coin but has since evolved into a tech powerhouse. A Rare Nod To Shiba Inu in the Meme Coin World Cuban’s X post, proposing a meme coin with a 20% float and a transparent revenue stream to the U.S. Treasury, was framed as a response to the current meme coin - [Justin Sun Expands Investment in Trump-Led WLFI](https://news.shib.io/2025/01/20/justin-sun-expands-investment-in-trump-led-wlfi/): Justin Sun, the founder of Tron (TRX), has announced that the TRON Decentralized Autonomous Organization (DAO) has increased its total investment in World Liberty Financial (WLFI), led by President-elect Donald Trump, to $75 million. In a recent post on X, Sun announced that TRON DAO has allocated an additional $45 million to its investment in WLFI. The move comes as TRON DAO continues to deepen its involvement with WLFI, with blockchain analytics platform Lookonchain reporting that the organization recently spent $15 million in USDT to acquire 1 billion WLFI tokens. The timing of these transactions, reportedly separated by just an - [Ethereum Foundation Co-Founder Vitalik Buterin Announces Leadership Changes](https://news.shib.io/2025/01/20/ethereum-foundation-co-founder-vitalik-buterin-announces-leadership-changes/): Ethereum co-founder Vitalik Buterin has revealed major leadership changes at the Ethereum Foundation, emphasizing a renewed focus on supporting decentralized app developers while staying true to the network’s core principles of decentralization. In a January 18 X post, Buterin said that the foundation aims to prioritize technical expertise, improve communication between the foundation and Ethereum ecosystem builders, and avoid political lobbying or ideological shifts. “We are indeed currently in the process of large changes to EF leadership structure, which has been ongoing for close to a year,” Buterin wrote. “Some of this has already been executed on and made public, - [Brian Armstrong: Coinbase Scales Solana Amid TRUMP Token Surge](https://news.shib.io/2025/01/20/brian-armstrong-coinbase-scales-solana-amid-trump-token-surge/): Brian Armstrong, co-founder and CEO of crypto exchange Coinbase, has addressed concerns over slow transaction times on the platform, stating that the issue will be resolved soon. In a response on X to Coinbase user “Ansem,” who expressed frustration over Solana’s transaction delays, Armstrong assured the community that the team is working to resolve the issue. He explained that the exchange had not anticipated the level of surge they experienced. “Team is working hard on scaling our Solana infra now – lots of Solana activity last few days,” Armstrong wrote.  Coinbase, a leading cryptocurrency exchange, revealed its plans to list - [SEC Sues Helium Developer Nova Labs Over False Partnership Claims](https://news.shib.io/2025/01/20/sec-sues-helium-developer-nova-labs-over-false-partnership-claims/): The U.S. Securities and Exchange Commission (SEC) has taken legal action against Nova Labs, Inc., accusing the tech company of making misleading statements regarding its partnerships with prominent corporations, just days before SEC Chair Gary Gensler’s departure. In a filing dated January 17, the SEC alleged that Nova Labs, the developers of the Helium Network, violated federal securities laws by selling unregistered investment products.  The products in question included “Hotspots,” devices designed to mine Helium’s native cryptocurrency (HNT), and a program called “Discovery Mapping,” which reportedly allowed users to trade personal data for cryptocurrency rewards. The SEC further accused Nova - [Melania Trump Launches Meme Coin Amid Controversy Over TRUMP Token Drop](https://news.shib.io/2025/01/20/melania-trump-launches-meme-coin-amid-controversy-over-trump-token-drop/): Incoming First Lady Melania Trump has launched her own MELANIA meme coin shortly after a significant drop in the value of her husband’s TRUMP token, which lost over 40% after peaking at a $15 billion valuation. Mrs. Trump unveiled her self-titled meme coin in a post on X, which was subsequently shared by her husband, President-elect Donald Trump. Data from DEXScreener reveals that more than 45,000 wallets have purchased the MELANIA token, which has reached a market capitalization of $6.14 billion since its debut. The President-elect’s meme token was trading at approximately $72 on Sunday but plummeted to under $39 - [Shiba Inu and Astra Nova Unite in NovaToon, A New Web3 Comic Platform on Shibarium](https://news.shib.io/2025/01/18/shiba-inu-and-astra-nova-unite-in-novatoon-a-new-web3-comic-platform-on-shibarium/): The digital world of comic books is about to be redrawn with the launch of NovaToon, a decentralized application on the Shibarium and Base blockchains that merges the universes of Astra Nova and the iconic Shiba Inu characters. This launch effectively ushers in a new era of digital collectibles and interactive storytelling.  Set to debut in February 2025, NovaToon aims to bridge the gap between traditional comic fans and crypto enthusiasts, offering a seamless experience for both seasoned Web3 users and newcomers. Shibarium Powers the Future of Comics with NovaToon Built on the Shibarium blockchain, NovaToon leverages the strengths of - [Astra Nova and Shiba Inu Forge Strategic Alliance in Web3 Space](https://news.shib.io/2025/01/17/astra-nova-and-shiba-inu-forge-strategic-alliance-in-web3-space/): The boundaries between artificial intelligence-driven gaming and meme-inspired cryptocurrency blur as Astra Nova and Shiba Inu announce a strategic partnership, marking a significant convergence in the Web3 landscape.  Distinct Strengths, Shared Web3 Vision: Astra Nova and Shiba Inu The alliance brings together the specific strengths of both groups, with Astra Nova offering its expertise in AI-driven storytelling, Web3 technology integration, and community design. Shiba Inu, on the other hand, brings its considerable focus on decentralization and community engagement.  The two organizations seek to leverage their collective strengths to explore innovative solutions and create new opportunities in the digital world. This - [Oscar Token: Building on Shiba Inu’s Legacy with a Deflationary Model and a Mission for Good](https://news.shib.io/2025/01/17/oscar-token-building-on-shiba-inus-legacy-with-a-deflationary-model-and-a-mission-for-good/): Oscar Token rises with a strong purpose in the world of memecoins: to channel the spirit of a viral Shiba Inu image towards community impact and charitable giving; all while bringing a deflationary supply to the table and taking inspiration from the foundational Shiba Inu legacy. The Origins of Oscar Token: Tapping into Internet Culture The story of Oscar Token begins well before Shiba Inu’s explosive rise, within the corners of early internet culture. In 2011, a simple video capturing a shiba inu’s playful leaps on a trampoline went viral, etching a piece of digital history.  This particular meme, predating - [Tether CEO Cautious About U.S. Expansion, But Sees Big Profits Ahead](https://news.shib.io/2025/01/17/tether-ceo-cautious-about-u-s-expansion-but-sees-big-profits-ahead/): Tether, the stablecoin issuer, has considered expanding its presence in the U.S., but CEO Paolo Ardoino emphasized a cautious approach as the company awaits regulatory clarity. In a January 16 interview with Bloomberg TV, Ardoino said that the company is waiting for clearer regulatory guidelines before making decisions on expanding further. He stressed the importance of understanding the evolving legal landscape before taking any more steps. Companies like Tether are expected to benefit from the incoming administration’s more crypto-friendly stance. It is “a great opportunity to start looking at the US environment and how it will change,” Ardoino stated.  This - [Analyst: Solana ETFs Unlikely Until 2026 Amid SEC Delays](https://news.shib.io/2025/01/17/analyst-solana-etfs-unlikely-until-2026-amid-sec-delays/): James Seyffart, an analyst at Bloomberg Intelligence, has discussed a potential delay in the launch of Solana exchange-traded funds (ETFs) in a recent interview with Blockworks. In a January 16 interview on the Blockworks Macro YouTube channel, Seyffart mentioned that despite the crypto-friendly administration, the launch of a Solana (SOL) ETF in the U.S. may not happen until 2026. He noted that the delay is primarily due to the SEC’s approval process, which typically takes 240 to 260 days. Seyffart also pointed out that the SEC’s ongoing lawsuits against crypto exchanges, claiming that SOL may be an unregistered security, could - [Crypto Scammers Shift to Telegram Malware with Fake Bots](https://news.shib.io/2025/01/17/crypto-scammers-shift-to-telegram-malware-with-fake-bots/): Crypto scammers have shifted focus to Telegram malware scams, which reportedly surged by 2,000% since November, now outpacing traditional phishing attempts. In a January 15 post on X, security firm Scam Sniffer revealed that these scams differ from the usual “connect wallet” tactics, where fraudsters trick users into linking their digital wallets to fake platforms to steal funds. Scammers have shifted tactics, now spreading advanced malware through counterfeit verification bots found in fraudulent trading, airdrop, and alpha groups. Scam Sniffer reports that once users run the malicious code or install the fake “verification” software, scammers gain access to sensitive data, - [Trump Treasury Pick Scott Bessent Opposes US CBDC, Says No Need for Digital Dollar](https://news.shib.io/2025/01/17/trump-treasury-pick-scott-bessent-opposes-us-cbdc-says-no-need-for-digital-dollar/): President-elect Donald Trump’s nominee for Treasury Secretary, Scott Bessent, has outlined his views on key financial matters during his nomination hearing. During Thursday’s hearing, Bessent briefly touched on cryptocurrency matters. However, he made it clear that he strongly opposes the concept of a U.S. central bank digital currency (CBDC) and reiterated his support for a more progressive approach to crypto regulation. The hedge fund manager told the Senate Finance Committee, which is set to consider his confirmation, that the Federal Reserve should refrain from issuing a digital dollar. His position reflects concerns within the crypto industry, which views the idea - [FDIC Destroyed Operation Chokepoint Docs, Says Senator Lummis](https://news.shib.io/2025/01/17/fdic-destroyed-operation-chokepoint-docs-says-senator-lummis/): Wyoming Senator Cynthia Lummis has expressed alarm over reports from whistleblowers claiming that the Federal Deposit Insurance Corporation (FDIC) destroyed key documents related to Operation Chokepoint 2.0 (OCP2.0) and withheld materials connected to the controversial anti-crypto initiative. In a letter dated January 16, Senator Lummis called on FDIC Chair Marty Gruenberg to take immediate steps to safeguard all documents associated with OCP 2.0.  Operation Chokepoint 2.0 refers to a controversial initiative aimed at restricting the access of crypto-related businesses to traditional banking services. It is seen as a continuation of the original Operation Chokepoint, which was implemented during the Obama - [BitMEX Faces $100M Fine for US Banking Law Violations](https://news.shib.io/2025/01/16/bitmex-faces-100m-fine-for-us-banking-law-violations/): HDR Global Trading Limited, the company behind the cryptocurrency exchange BitMEX, has been ordered to pay a $100 million fine and serve two years of unsupervised probation for breaching U.S. banking regulations. In a January 15 hearing, U.S. District Court Judge John Koeltl, from the Southern District of New York, dismissed BitMEX’s claim that a prior $110 million fine adequately addressed its legal violations. The sentencing follows approximately six months after the cryptocurrency exchange admitted to violating the U.S. Bank Secrecy Act (BSA) by operating without “any meaningful” Anti-Money Laundering (AML) program. In July 2024, BitMEX dismissed the charges as - [SEC Case Against Elon Musk Called Weak and Political by Expert](https://news.shib.io/2025/01/16/sec-case-against-elon-musk-called-weak-and-political-by-expert/): John Reed Stark, a former official with the U.S. Securities and Exchange Commission (SEC), has weighed in on the SEC’s lawsuit against X CEO Elon Musk, which accused him of failing to disclose his purchase of over 5% of Twitter’s shares in early 2022. In a post on X, Stark expressed his agreement with Musk regarding the SEC’s civil enforcement action, referring to it as a “joke.” The ex-SEC official, who spent nearly two decades working in the SEC’s Enforcement Division, slammed the lawsuit. Stark criticized the SEC’s 11-page complaint, describing it as “extraordinarily weak, lacking any sort of scheme - [Russia 'Crypto Queen' Bitmama Charged with Stealing $21M From Investors](https://news.shib.io/2025/01/16/russia-crypto-queen-bitmama-charged-with-stealing-21m/): Russian influencer Valeria Fedyakina, known as Bitmama, has been accused of embezzling large sums of money, including Bitcoin and UAE dirhams, amounting to at least 2.2 billion rubles ($21.3 million). According to the Russian state-run news agency TASS, Fedyakina, dubbed the “Crypto Queen,’ allegedly enticed clients with opportunities to invest in cryptocurrency and promised substantial returns.  However, prosecutors argue that Fedyakina failed to fulfill these promises, instead vanishing with her clients’ funds shortly after receiving them. This led to accusations of large-scale fraud and embezzlement against the Russian influencer. Image source: Bitmama Instagram Bitmama amassed a significant social media following - [6 Ways to Participate in the Doggy DAO (Even If You're New)](https://news.shib.io/2025/07/11/6-ways-to-participate-in-the-doggy-dao-even-if-youre-new/): Key points: 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. So you’ve heard the term “Doggy DAO” flying around the Shiba Inu ecosystem and thought—cool name, but… what is it, exactly? Let’s break it down. The Doggy DAO is Shiba Inu’s version of decentralized governance. It’s how the community—yes, including you—helps shape decisions about the future of the ecosystem. Think of it like a town hall, but instead of pitchforks and paperwork, it runs on BONE tokens and blockchain. The best part? You don’t need to be a crypto wizard or DeFi - [Greece’s First Crypto Seizure Raises Questions for Shibarium Security](https://news.shib.io/2025/07/10/greeces-first-crypto-seizure-raises-questions-for-shibarium-security/): Summary: Can blockchain tools really help stop crypto crime? Yes—tools like Chainalysis are already helping authorities trace and seize stolen assets, as seen in Greece’s response to the Bybit hack. This shows how blockchain’s transparency can be a powerful tool against bad actors. For decentralized platforms, it’s a signal that stronger on-chain monitoring might be necessary to stay secure and credible. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Greece has executed its first crypto seizure after the Hellenic Anti-Money Laundering Authority froze digital assets connected to the $1.5 billion Bybit hack, an - [Snoop Dogg NFT Collection Sparks New NFT Buzz](https://news.shib.io/2025/07/10/snoop-dogg-nft-collection-sparks-new-nft-buzz/): Summary: Why is Snoop Dogg’s NFT Collection important for the NFT market and Shiba Inu? Snoop Dogg’s NFT Collection sold out nearly one million tokens in 30 minutes, generating $12 million and sparking new excitement in the NFT space. This renewed interest spotlights NFTs as engaging digital assets, not just speculation. For Shiba Inu, the buzz offers a chance to attract new fans and grow the NFT community. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The Snoop Dogg NFT Collection, from the American rapper and cultural icon, has sold out nearly one - [Chinese FTX Creditor Fights Payout Ban — Should SHIB Holders Worry?](https://news.shib.io/2025/07/10/chinese-ftx-creditor-fights-payout-ban-should-shib-holders-worry/): Summary: Could legal restrictions on crypto payouts in certain countries affect users across the broader crypto ecosystem? Yes, the FTX estate’s motion to block payouts in restricted jurisdictions highlights how legal frameworks can limit access to digital assets based on location. Even decentralized platforms are not immune to such regulatory challenges. This case shows that geography still plays a key role in how crypto users can access their funds. Chinese FTX creditor Weiwei Ji has formally opposed a motion filed by the FTX Estate that aims to halt payouts to residents in jurisdictions with legal or regulatory constraints on cryptocurrency - [CLARITY Act May Let Tesla, Meta Dodge SEC — Will SHIB Still Comply?](https://news.shib.io/2025/07/10/clarity-act-may-let-tesla-meta-dodge-sec-will-shib-still-comply/): Summary: Could the CLARITY Act give big companies an unfair advantage over decentralized projects like Shibarium? Yes, the CLARITY Act could let major corporations like Tesla or Meta tokenize assets to avoid SEC oversight, raising fairness concerns. While Shibarium operates transparently with community-driven governance, it may still face stricter standards. This creates an uneven playing field that could threaten the future of truly decentralized ecosystems. Senator Elizabeth Warren, a prominent critic of the cryptocurrency industry, has voiced concerns that the proposed CLARITY Act could allow publicly traded companies to sidestep U.S. securities laws. The legislation, which aims to establish a - [SHIB Burn Explained: How the Community Is Creating a Deflationary Future](https://news.shib.io/2025/07/10/shib-burn-explained-how-the-community-is-creating-a-deflationary-future/): Key Takeways: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Ever heard of a community literally setting their money on fire—for fun and for the future? Welcome to the world of SHIB burn, where Shiba Inu holders voluntarily send their tokens to a dead-end wallet, forever removing them from circulation. Yep, no refunds, no take-backs—those SHIBs are gone for good. But here’s the twist: this isn’t crypto chaos. It’s a calculated, community-powered move to make SHIB scarcer, and potentially more valuable, over time. In the traditional world, companies might buy back stock to - [South Korea Recognizes Crypto Firms as Ventures — What Does This Mean for Shib?](https://news.shib.io/2025/07/09/south-korea-recognizes-crypto-firms-as-ventures-what-does-this-mean-for-shib/): Summary: Why is South Korea reclassifying crypto firms as venture companies? South Korea wants to support the growth of its digital asset sector. By giving crypto firms venture status, they can access tax breaks, subsidies, and state funding. This change reverses a 2018 policy that excluded them from such benefits. South Korea has announced plans to reclassify cryptocurrency trading and brokerage firms as “venture companies,” a shift that would grant them access to government subsidies, tax benefits, and financial assistance. The move marks a reversal of the current policy, which has explicitly excluded blockchain-based firms from receiving venture certification since - [North Korea Crypto Scam Grows: Fake IT Workers Target Firms](https://news.shib.io/2025/07/09/north-korea-crypto-scam-grows-fake-it-workers-target-firms-a-warning-for-shibarium-security/): Summary: How did North Korea use fake IT workers to support its operations? North Korean-linked actors used fake IT workers with stolen U.S. identities to get hired by unsuspecting companies. These workers secretly funneled money back to the DPRK and, in some cases, planted malware in company systems. The scheme highlights the growing need for stronger defenses in both traditional firms and decentralized platforms like Shibarium. The U.S. Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned Song Kum Hyok from North Korea, Russian national Gayk Astaryan, and four entities tied to a North Korean-operated scheme involving fake IT workers. - [Tornado Cash Trial Sparks New Privacy Debate, What It Means for Shibarium](https://news.shib.io/2025/07/09/tornado-cash-trial-sparks-new-privacy-debate-what-it-means-for-shibarium/): Summary: Why is the Tornado Cash trial important for crypto developers and platforms like Shibarium? The trial raises key questions about how far legal liability extends for developers of privacy tools. Its outcome could set a precedent affecting future projects that build decentralized and privacy-focused features. For Shibarium, this means the verdict may influence how its ecosystem develops and protects innovation. U.S. District Judge Katherine Failla has indicated she is “inclined” to exclude any mention of the now-revoked 2022 sanctions against Tornado Cash from the upcoming criminal trial of co-founder Roman Storm. Judge Failla of the Southern District of New - [Linqto Bankruptcy Sparks Questions on Tokenized Assets in Web3](https://news.shib.io/2025/07/09/linqto-bankruptcy-sparks-questions-on-tokenized-assets-in-web3/): Summary: Why does the Linqto bankruptcy raise concerns about tokenized assets in Web3? The Linqto bankruptcy emphasizes the risks involved when platforms sell tokenized or fractional shares without clear legal ownership or regulatory oversight. Many investors may have believed they owned actual shares, but the company’s structure raised doubts about the legitimacy of those claims. This case serves as a warning for the Web3 space to ensure transparency and true ownership in decentralized investment models. Fintech platform Linqto, Inc. has filed for Chapter 11 bankruptcy, triggering concerns about the legitimacy of its investment offerings. The company, which pitched itself as - [Unlocking Your Digital Identity: A Complete Guide to the Shiba Inu Name Service](https://news.shib.io/2025/07/09/unlocking-your-digital-identity-a-complete-guide-to-the-shiba-inu-name-service/): Key Takeaways: Welcome to the world of Web3, where owning your digital identity isn’t just cool—it’s essential. Enter the Shiba Inu name service (SNS), a clever way to turn long, confusing crypto wallet addresses into simple, memorable names ending in .shib. Think of it like your personal internet handle—but on the blockchain, where you truly control your identity. But why does digital identity even matter in Web3? Unlike traditional apps where companies own your data, Web3 puts you in the driver’s seat. Your digital identity is your key to accessing decentralized apps, sending crypto, and proving who you are—without middlemen. - [Vitalik Backs Copyleft — Shibarium Already Leads by Example](https://news.shib.io/2025/07/09/vitalik-backs-copyleft-shibarium-already-leads-by-example/): Summary: What is copyleft, and why does Vitalik Buterin support it? Copyleft is a type of open-source license that requires anyone who builds on existing code to also share their modifications under the same terms. Vitalik Buterin supports it because he believes it protects open innovation and encourages collaboration in a crypto industry that’s becoming increasingly competitive. He sees it as a practical way to keep development transparent and community-driven. Ethereum co-founder Vitalik Buterin has urged the cryptocurrency sector to embrace “copyleft” open-source licenses, warning that the industry risks straying from its collaborative foundations. He emphasized that such licenses foster - [Beginner’s Guide to the Shiba Inu Ecosystem: SHIB, BONE, LEASH, TREAT & More](https://news.shib.io/2025/07/09/beginners-guide-to-the-shiba-inu-ecosystem-shib-bone-leash-treat-more/): Key Takeaways: Think SHIB is just a meme coin? Think again. What started as a playful homage to Dogecoin has evolved into something far more ambitious. The Shiba Inu token (SHIB) may have exploded onto the scene with wagging tails and internet hype, but behind the barks and memes lies a rapidly growing decentralized universe known as the Shiba Inu ecosystem. Born in 2020, SHIB captured attention with its quirky branding and passionate community. But what most people missed in the flurry of memes was the serious innovation quietly taking place behind the scenes. This isn’t just another meme coin—it’s - [Shiba Inu Price Analysis: SHIB'Breaking Out with Full Meme Force'](https://news.shib.io/2025/07/08/shiba-inu-price-analysis-shibbreaking-out-with-full-meme-force/): 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. A crypto analyst is declaring that Shiba Inu is “breaking out with full meme force” in a recent Shiba Inu price analysis, igniting speculation among day traders. The call comes right now as the meme coin pushes past a key resistance level on its hourly chart, fueled by what the analyst sees as growing volume and decisive momentum. The excitement was captured by the online analyst, CryptoTrader 786, as the price pushed past its recent ceiling. “$SHIB has exploded past resistance,” he wrote in - [Shiba Inu Price Prediction Sees SHIB Surging ‘Nearly 180%’](https://news.shib.io/2025/07/08/shiba-inu-price-prediction-sees-shib-surging-nearly-180/): 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. On crypto trading charts, a faint technical signal is prompting one analyst to issue a new Shiba Inu price prediction. Pointing to a ‘bullish divergence,’ he forecasts a nearly 180% price surge for the popular meme coin—a projection that, right now, pits the dry logic of market analysis against the wild, unpredictable energy of internet culture. The forecast that caught fire across social media came from Javon Marks, a crypto analyst who shares his chart readings online. “$SHIB (Shiba Inu) has confirmed a clear - [Why BONE Token Matters: Utility, Governance, and Shibarium Power](https://news.shib.io/2025/07/08/why-bone-token-matters-utility-governance-and-shibarium-power/): Key Takeaways: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. If you’ve ever fallen down the crypto rabbit hole and bumped into a barking meme coin with serious bite—yep, that’s SHIB. But the Shiba Inu ecosystem isn’t just about meme magic. It’s a fully-fledged decentralized movement with its own blockchain (Shibarium), its own community governance system (Doggy DAO), and a trio of tokens that each serve a unique purpose. One of those tokens—BONE—isn’t just a clever name. It’s the power player that keeps the whole pack running smoothly. So, what is BONE exactly? - [9 Blockchain Basics Every Newbie Should Know Before Investing](https://news.shib.io/2025/07/08/9-blockchain-basics-every-newbie-should-know-before-investing/): Key Takeaways: You wouldn’t buy a car without at least knowing which pedal makes it go—so why throw your money into crypto without understanding how the engine (aka blockchain) works? Before you start chasing coins or minting NFTs, it’s worth getting familiar with a few blockchain basics. Not because you need to become a tech wizard, but because knowing the fundamentals can save you a ton of confusion—and potentially, cash. Think of blockchain as the behind-the-scenes tech that makes crypto possible. It’s not magic. It’s not just hype. It’s a system—one that’s surprisingly elegant once you break it down. And - [Gaza Land for Blockchain-Based Tokens? Plan Sparks Blockchain Backlash](https://news.shib.io/2025/07/08/gaza-land-for-blockchain-based-tokens-plan-sparks-blockchain-backlash/): Summary: What ethical concerns has the Gaza land tokenization proposal raised about blockchain technology? The proposal has been widely criticized for exploiting a humanitarian crisis by using blockchain-based tokens to commodify displaced land. Critics warn that such plans reduce suffering to speculative investment, ignoring human dignity and local agency. This case spotlights the risks of misusing blockchain when ethical considerations are overlooked. The Tony Blair Institute, a non-profit policy organization, reportedly helped draft a proposal exploring the sale of Gaza land through blockchain-based tokens following the displacement of Palestinian residents who were compensated to leave. According to the Financial Times, - [Bot Surge Floods Meme Coin Launchpads — SHIB Stands Apart](https://news.shib.io/2025/07/08/bot-surge-floods-meme-coin-launchpads-shib-stands-apart/): Summary: What has Coinbase’s head of product revealed about token creation on meme coin launchpads?Conor Grogan revealed that most tokens on launchpads like Pump.fun and LetsBonk are created and managed by automated bots, with some accounts launching a new token every few minutes. This has led to thousands of tokens flooding the market daily, many of which are short-lived and low-effort. The scale of this activity shows how easily these platforms can be overwhelmed by automation rather than genuine human creators. Conor Grogan, Coinbase’s head of product, has revealed that most tokens released on meme coin launchpads like Pump.fun and - [$2M UK Crypto Scam Sparks Warning: DYOR or Risk Losing More Than Tokens](https://news.shib.io/2025/07/08/2m-uk-crypto-scam-sparks-warning-dyor-or-risk-losing-more-than-tokens/): Summary: How did the $2M UK crypto scam highlight the risks of centralized platforms? The scam exposed how easily fraudsters can exploit investor trust through opaque, centralized systems lacking proper oversight. Victims were cold-called and misled into investing in fake crypto consultancy services. The case underscores the need for more transparent, decentralized alternatives like Shibarium to reduce reliance on intermediaries and minimize risk. Two Londoners have been sentenced to more than ten years in prison for orchestrating a multi-year cryptocurrency fraud that deceived investors out of over $2 million (£1.5m) by promising high returns and misappropriating their funds. According to - [Tutti Frutti Women Brings Heart and Shibarium Power to NFT.NYC 2025](https://news.shib.io/2025/07/07/tutti-frutti-women-brings-heart-and-shibarium-power-to-nft-nyc-2025/): Summary: What does Tutti Frutti Women’s (TFW) presence at NFT.NYC 2025 reveal about Shibarium’s growing role in the NFT space? At NFT.NYC 2025, Tutti Frutti Women (TFW) became one of the first Shibarium-based NFT projects to hit the main stage—showcasing the chain’s growing relevance in the NFT space. With its mission-driven art and monthly airdrops supporting cancer warriors and survivors, TFW emphasized how Shibarium empowers purpose-led projects. Co-founder Andreia shared that the chain’s values closely align with their own. Bright, bold, and decked out in an explosion of color and flair, the Tutti Frutti Women (TFW) NFT collection has made - [Vitalik’s Gas Cap Plan: Will It Drive More Users to Shibarium?](https://news.shib.io/2025/07/07/vitaliks-gas-cap-plan-will-it-drive-more-users-to-shibarium/): Summary: How could Ethereum’s proposed gas cap lead more users to migrate to Shibarium? Ethereum’s proposed gas cap under EIP-7983 aims to improve security and performance but could restrict high-throughput transactions. This limitation may drive developers and users toward more flexible platforms like Shibarium, which offers lower fees and scalable infrastructure. As Ethereum becomes more restrictive, Shibarium’s user-friendly approach could attract those seeking greater efficiency. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Ethereum co-founder Vitalik Buterin has introduced EIP-7983, a proposal to implement a protocol-level gas cap on individual transaction usage, set - [Musk’s America Party Could Boost Bitcoin — and Spark SHIB Momentum](https://news.shib.io/2025/07/07/musks-america-party-could-boost-bitcoin-and-spark-shib-momentum/): Summary: How could Elon Musk’s proposed America Party impact Shiba Inu (SHIB)? If Musk’s America Party moves forward with a pro-Bitcoin stance, it could legitimize crypto in U.S. politics and spark wider adoption. This attention may benefit altcoins like Shiba Inu by attracting new investors and fostering a more favorable regulatory climate. For SHIB, it could mark the beginning of stronger visibility, demand, and ecosystem growth. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. SpaceX CEO Elon Musk has announced plans to launch a new political party called the “America Party,” which he - [India's 18% Crypto Tax: What It Means for Shiba Inu](https://news.shib.io/2025/07/07/indias-18-crypto-tax-what-it-means-for-shiba-inu/): Summary: How could India’s 18% crypto tax impact Shiba Inu (SHIB) and its ecosystem?India’s new 18% GST, on top of existing crypto taxes, may reduce profit margins and dampen trading activity for SHIB holders in the region. However, it also signals greater regulatory recognition of the crypto space. This could benefit established ecosystems like Shiba Inu by positioning them as more credible and compliant in a maturing market. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Dubai-based centralized cryptocurrency exchange Bybit Fintech Limited has begun applying an 18% Goods and Services Tax (GST) - [Singapore Banks Fined $22M — Shiba Inu’s Model Looks Safer](https://news.shib.io/2025/07/07/singapore-banks-fined-22m-shiba-inus-model-looks-safer/): Summary: Why were Singapore banks fined, and how does Shiba Inu’s approach compare? Nine financial institutions in Singapore were fined over US$21 million for AML/CFT compliance failures linked to a major money laundering case. Issues included poor customer risk assessments and weak monitoring despite having policies in place. In contrast, Shiba Inu’s upcoming FHE technology aims to enhance crypto AML detection while preserving user privacy. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The Monetary Authority of Singapore (MAS) has imposed US$21.55 million in penalties on nine Singapore banks, capital market services firms, - [North Korean Threat Actors Use NimDoor Malware to Target Apple Devices](https://news.shib.io/2025/07/04/north-korean-threat-actors-use-nimdoor-malware-to-target-apple-devices/): Summary: How are North Korean threat actors using NimDoor malware to target cryptocurrency companies through Apple devices? North Korean hackers are using a new malware strain called NimDoor to target cryptocurrency companies by infiltrating Apple devices. The attack begins with social engineering on platforms like Telegram, leading victims to download a fake Zoom update that installs the malware. Once active, NimDoor steals data from crypto wallets, browsers, and even Telegram, using tactics designed to evade detection. North Korean threat actors have launched a new cyberattack campaign targeting cryptocurrency companies, deploying advanced malware strains designed to infiltrate Apple devices. The malware - [JD.com and Ant Group Push for Yuan-Backed Stablecoins in Global Power Play](https://news.shib.io/2025/07/04/jd-com-and-ant-group-push-for-yuan-backed-stablecoins-in-global-power-play/): Summary: Why are JD.com and Ant Group pushing for yuan-backed stablecoins? JD.com and Ant Group want yuan-backed stablecoins to boost the yuan’s global role and offer an alternative to U.S. dollar-pegged tokens. They’ve urged the PBOC to launch the initiative in Hong Kong, aiming to expand later to China’s free trade zones. Regulators have reportedly responded positively to the proposal. JD.com, one of China’s leading e-commerce giants, and Ant Group, a major player in the country’s fintech sector, have reportedly urged the People’s Bank of China (PBOC) to introduce yuan-backed stablecoins. The push aims to offer an alternative to U.S. - [Crypto Billionaire Foils Kidnapping Attempt by Biting Off Attacker's Finger](https://news.shib.io/2025/07/04/crypto-billionaire-foils-kidnapping-attempt-by-biting-off-attackers-finger/): Summary: What does crypto billionaire Tim Heath’s kidnapping attempt say about rising threats in crypto? Tim Heath’s attempted kidnapping spotlights the growing physical threats facing high-profile figures in the crypto world. Heath’s case emphasizes how real-world violence is increasingly intersecting with digital wealth, prompting top crypto figures to invest heavily in private security. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. An Estonian court heard the case involving Australian crypto billionaire Tim Heath, founder of Yolo Group—the company behind prominent crypto-gambling platforms such as Bitcasino.io and Sportsbet.io—who was the target of a kidnapping - [Ripple Pushes for U.S. Bank Status Under Fresh Stablecoin Regs](https://news.shib.io/2025/07/03/ripple-pushes-for-u-s-bank-status-under-fresh-stablecoin-regs/): Ripple Labs Inc., a blockchain-focused fintech firm, has announced that it is applying for a U.S. banking license, positioning itself for potential compliance as lawmakers advance legislation to bring stablecoin issuers under federal oversight. The move mirrors a similar step recently taken by Circle Internet Financial. Ripple is seeking a banking license from the U.S. Office of the Comptroller of the Currency (OCC), CEO Brad Garlinghouse confirmed in a July 2 post on X. Garlinghouse stated that, if approved, the license would place Ripple under both state and federal oversight, a move he described as a “new benchmark for trust - [AI Jennifer Aniston Sweet-Talks British Victim Out of His Cash](https://news.shib.io/2025/07/03/ai-jennifer-aniston-sweet-talks-british-victim-out-of-his-cash/): Paul Davis, a resident of Southampton, UK, has recently fallen victim to an AI deepfake scam, resulting in a loss of approximately $255 (£200). The fraudulent scheme involved convincing him that he was communicating with American actress and Friends star Jennifer Aniston. Davis, 43, was targeted by an AI deepfake scam in which he received numerous messages purportedly from Aniston expressing affection while simultaneously soliciting money. Davis stated that he received an image that was presented as Aniston’s driver’s license, accompanied by a message from the scammer intended to convince him he was speaking with Aniston herself rather than an - [Quantum-Resistant Encryption Lands in Apple and Microsoft Updates](https://news.shib.io/2025/07/03/quantum-resistant-encryption-lands-in-apple-and-microsoft-updates/): Apple Inc., the American tech giant, has announced that its upcoming operating system updates for Mac will include support for quantum-secure key exchange algorithms, enabling enhanced encryption when connecting to TLS 1.3 servers that offer the same level of security. The announcement was made during Apple’s recent Worldwide Developers Conference, where the company outlined plans to integrate quantum-resistant encryption into its upcoming software. Apple confirmed that while the new systems will support quantum-secure key exchange, they will remain compatible with existing servers by defaulting to traditional algorithms when necessary. Quantum-resistant encryption refers to advanced cryptographic methods designed to withstand attacks - [AT&T Wireless Account Lets You Lock Your Phone Like a Vault](https://news.shib.io/2025/07/03/att-wireless-account-lets-you-lock-your-phone-like-a-vault/): AT&T Inc., one of the largest telecommunications providers in the U.S., has rolled out a new security feature called Wireless Account Lock, giving customers the ability to protect their accounts from SIM swapping attacks. According to AT&T’s official announcement, the new feature allows users to enable or disable account protection at any time, preventing key changes such as billing modifications and wireless number transfers. The tool is offered free of charge and is designed to enhance account security by blocking unauthorized access or alterations. Postpaid consumer wireless users can manage the feature via a toggle switch available within the myAT&T - [Evolution of Money: From Shiny Coins to Smart Contracts](https://news.shib.io/2025/07/03/evolution-of-money-from-shiny-coins-to-smart-contracts/): What do seashells, gold coins, paper bills, and Bitcoin all have in common? They’re all part of the wild, weird, and surprisingly creative evolution of money —a story that stretches from bartering goats to scanning QR codes in coffee shops. Money isn’t some fixed, one-size-fits-all invention. It’s a tool we keep upgrading as our world—and our tech—changes. And it has changed. A lot. That’s why understanding crypto isn’t about memorizing jargon or staring at charts. It starts with a simple idea: money has always evolved. From cowrie shells to central banks, every shift tells us something about who we are, - [BUILDING THE BEDROCK](https://news.shib.io/2025/07/02/building-the-bedrock/) - [Spain Busts $540M Crypto Scam Organization in Global Sting Operation](https://news.shib.io/2025/07/02/spain-busts-540m-crypto-scam-organization-in-global-sting-operation/): The Spanish Civil Guard has dismantled an international criminal network, arresting five individuals accused of orchestrating a large-scale crypto fraud and laundering illicit proceeds. Authorities say the crypto scam organization defrauded more than 5,000 victims across the globe, with estimated losses totaling nearly $540 million.  According to local reports, authorities dismantled the international criminal organization as part of Operation BOREELLI, targeting a Hong Kong-based company allegedly involved in fraudulent FOREX market investments.  In addition to five arrests, law enforcement conducted searches in Madrid and the Canary Islands. Investigators estimate that the scheme defrauded victims of approximately $498 million (€460 million) - [Elon Musk’s xAI Raises $10B as Trump Sparks Spending Feud with DOGE Joke](https://news.shib.io/2025/07/02/elon-musks-xai-raises-10b-as-trump-sparks-spending-feud-with-doge-joke/): Elon Musk’s artificial intelligence startup, xAI, has reportedly secured $10 billion in combined debt and equity funding. The massive capital raise signals growing investor confidence in next-generation AI ventures. According to CNBC, investment banking firm Morgan Stanley reported that approximately $5 billion of the total funding was raised through strategic equity investments, while the remainder came from secured notes and term loan financing. The fresh capital injection is expected to bolster xAI’s ability to expand its infrastructure and advance the development of its Grok AI chatbots, as the company positions itself to compete more aggressively in the artificial intelligence space, - [One Big Beautiful Bill Passes Without Crypto Tax Fix for Miners, Stakers](https://news.shib.io/2025/07/02/one-big-beautiful-bill-passes-without-crypto-tax-fix-for-miners-stakers/): After more than 24 hours of debate, the U.S. Senate has narrowly approved the budget reconciliation bill, nicknamed the “One Big Beautiful Bill”, in a 50-50 vote. The legislation has faced significant bipartisan criticism over healthcare reductions, AI oversight, and the impact of tax cuts on wealth distribution. Vice President JD Vance cast the deciding vote, breaking a 50-50 deadlock in the Senate. The legislation faced opposition from all Democrats and three Republicans, many of whom sought amendments addressing AI regulation and increased funding for rural hospitals. Senator Cynthia Lummis, known for her strong support of digital assets, proposed including - [Crypto ETPs Get Green Light as SEC Unveils Streamlined Approval Rules](https://news.shib.io/2025/07/02/crypto-etps-get-green-light-as-sec-unveils-streamlined-approval-rules/): The U.S. Securities and Exchange Commission (SEC) has moved to simplify the approval process for crypto ETPs. The agency unveiled new guidance that provides issuers with greater clarity and consistency in bringing these crypto-linked funds to market. In an official statement, the Commission said its Division of Corporation Finance issued guidance outlining how existing federal securities disclosure rules apply to the registration and offering of crypto asset exchange-traded products (ETPs). The guidance outlined a wide range of disclosure expectations, including how issuers calculate net asset value, choose service providers, manage asset custody, and address potential conflicts of interest. The guidance - [7 Unexpected Ways Web3 Is Already Integrated Into Daily Life](https://news.shib.io/2025/07/02/7-unexpected-ways-web3-is-already-integrated-into-daily-life/): Welcome to the world of Web3 — the next-level internet that’s shaking things up by putting power back in your hands, thanks to blockchain magic. Now, you might be thinking, “Web3? That sounds like tech jargon made for crypto geeks and coding wizards.” And hey, you’re not alone. A lot of people assume Web3 is some futuristic playground only for experts or hardcore crypto traders. But here’s the secret: Web3 isn’t just for the tech-savvy elite. It’s already sneaking into your daily life in surprising ways — quietly working behind the scenes, changing how we connect, play, shop, and even - [Shibarium Devs Issue Urgent Warning: Never Share Your Crypto Key](https://news.shib.io/2025/07/01/shibarium-devs-issue-urgent-warning-never-share-your-crypto-key/): 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Shibarium devs are urging the crypto community to treat private keys like sacred vaults. The message: your key is your kingdom—and the moment you share it, you lose everything. “In the rapidly evolving world of digital assets, your private key remains the ultimate guardian of your funds,” said John Doe, engineering manager at Shibarium, in a statement to The Shib Daily. “As a developer deeply involved in this space, I want to emphasize that it should never, under any circumstances, be shared. To do - [Circle Seeks U.S. Trust Bank Status to Oversee USDC Reserves Safely](https://news.shib.io/2025/07/01/circle-seeks-u-s-trust-bank-status-to-oversee-usdc-reserves-safely/): Circle Internet Group, Inc., a U.S.-based fintech firm and the issuer of the USDC stablecoin, has officially filed an application with the Office of the Comptroller of the Currency (OCC) to establish a national trust bank that would, among other responsibilities, oversee the company’s USDC reserves on behalf of its U.S. issuer. In an official press release, Circle stated that, if its application is approved, the proposed First National Digital Currency Bank, N.A. would function as a federally regulated trust entity under the supervision of the Office of the Comptroller of the Currency (OCC). The institution would be tasked with - [Senators Clash Over Crypto Rules in Trump’s Big Beautiful Bill](https://news.shib.io/2025/07/01/senators-clash-over-crypto-rules-in-trumps-big-beautiful-bill/): U.S. Senators have entered a vote-a-rama over a series of amendments to President Donald Trump’s sweeping tax and spending package, widely referred to as the “big beautiful bill”, with Senator Cynthia Lummis pushing to include tax relief measures for cryptocurrency. The Senate’s ongoing vote-a-rama on the Republican-backed One Big Beautiful Bill Act began at 9:35 a.m. on Monday and has stretched into several hours of continuous deliberation. Lawmakers from both parties have submitted a flood of proposed amendments, aiming to shape the massive tax and spending package before a final vote. With President Trump pushing for final approval by Friday, - [Supreme Court Lets IRS Keep Access to Coinbase User Crypto Data](https://news.shib.io/2025/07/01/supreme-court-lets-irs-keep-access-to-coinbase-user-crypto-data/): The United States Supreme Court has declined to hear a case brought by a Coinbase user who sued the Internal Revenue Service (IRS), alleging that the agency violated his Fourth Amendment rights after obtaining his transaction data from the cryptocurrency exchange. In an order issued on June 30, the U.S. Supreme Court declined to review the case of James Harper, who had filed a lawsuit against the IRS and several of its officials. Harper alleged that the IRS carried out an “unlawful search and seizure” of his private financial records, claiming the agency’s actions violated the Fourth Amendment of the - [$100K Vanishes in Bangkok Crypto Deal Gone Wrong at Mall Lot](https://news.shib.io/2025/07/01/100k-vanishes-in-bangkok-crypto-deal-gone-wrong-at-mall-lot/): Three individuals were robbed of 3.4 million baht, approximately $100,000 in cash, by a group of armed assailants in the parking lot of a popular mall in Lat Phrao, Bangkok. The crypto deal is the latest in a growing series of digital asset-related crimes reported in recent months. According to the local daily newspaper Thai Rath, the robbery took place at approximately 8:00 p.m. on June 30, 2025. Initial reports indicate the incident occurred on the second floor of the mall’s parking structure, with the five suspects, armed with guns and knives, fleeing the scene in a grey Honda Civic. - [How to Create and Mint NFTs as a Beginner (No Developer Skills Needed)](https://news.shib.io/2025/07/01/how-to-create-and-mint-nfts-as-a-beginner-no-developer-skills-needed/): Ready to dive into the exciting world of digital collectibles? If you’ve ever wondered how to create and mint NFTs but felt held back by tech jargon or coding fears, this guide is for you. NFTs—short for non-fungible tokens—are unique digital assets that can represent anything from art and music to videos and memes. They’ve taken the internet by storm, making headlines for their ability to prove ownership and authenticity of digital creations. But here’s the best part: you don’t need to be a developer or a tech wizard to join this digital revolution. Creating an NFT is more accessible - [Baidu to Open-Source Ernie AI Model, Shaking Up Global AI Market](https://news.shib.io/2025/06/30/baidu-to-open-source-ernie-ai-model-shaking-up-global-ai-market/): Baidu, one of China’s largest technology companies, has announced it will open-source its Ernie generative AI large language model, potentially delivering the most significant breakthrough in the AI race since DeepSeek’s launch earlier this year. According to CNBC, a Baidu spokesperson confirmed that the company plans to gradually open source its Ernie AI model. This announcement surprised many, given Baidu’s previous cautious stance toward open-source initiatives. “This isn’t just a China story. Every time a major lab open-sources a powerful model, it raises the bar for the entire industry,” Sean Ren, associate professor of computer science at the University of - [South Korea Halts CBDC Trials as Banks Shift Focus to Stablecoins](https://news.shib.io/2025/06/30/south-korea-halts-cbdc-trials-as-banks-shift-focus-to-stablecoins/): The Bank of Korea has reportedly hit pause on its CBDC trials, as local lenders pivot toward stablecoins amid shifting regulatory signals. The halt marks a potential turning point in the nation’s evolving fintech strategy. The Bank of Korea informed participating financial institutions that it is temporarily halting its CBDC trials, putting the next phase of testing on hold. The announcement, made on June 29, affects the second round of trials that had been scheduled to roll out later this year. The pilot, which began in April, was part of South Korea’s broader exploration into a potential state-backed digital currency. - [Iran’s Nobitex Recovers After $90M Hack Tied to Pro-Israel Group](https://news.shib.io/2025/06/30/irans-nobitex-recovers-after-90m-hack-tied-to-pro-israel-group/): Iran’s largest cryptocurrency exchange, Nobitex, has begun restoring services to its users after suffering a major security breach carried out by the pro-Israel hacking group “Gonjeshke Darande,” which drained at least $81.7 million in digital assets. In a June 29 announcement posted on its official X account, the crypto exchange stated that it began gradually restoring platform functionality, beginning with verified users and prioritizing access to spot wallets. The exchange added that support for other wallet types will be reintroduced in subsequent phases of the recovery process. “Once the accuracy and security of all information is confirmed, Nobitex will begin - [North Korea’s Lazarus Group Linked to New $3.2M Crypto Heist](https://news.shib.io/2025/06/30/north-koreas-lazarus-group-linked-to-new-3-2m-crypto-heist/): The North Korean-linked Lazarus Group has intensified its activities in the cryptocurrency sector, with recent investigations uncovering a series of incidents connected to the group’s cyber operations. On-chain investigator ZachXBT reported via his Telegram channel that the Lazarus Group was responsible for a $3.2 million digital asset scam targeting a single victim. “A victim had multiple addresses drained on Solana for $3.2M on May 16, 2025 in a suspected Lazarus Group attack,” ZachXBT wrote. The stolen assets were liquidated on the market, with the proceeds subsequently transferred from the Solana network to Ethereum (ETH) via a cross-chain bridge. ZachXBT further - [6 Crypto Myths That Deserve to Be Buried for Good](https://news.shib.io/2025/06/30/6-crypto-myths-that-deserve-to-be-buried-for-good/): Let’s be real: the crypto world is full of noise—and a lot of it comes from old, tired crypto myths that just won’t die. You’ve probably heard them: “It’s only for criminals,” “Bitcoin is dead,” or the classic, “NFTs are just overpriced JPEGs.” These myths spread fast, stick hard, and confuse the hell out of anyone trying to dip their toes into Web3 for the first time. That’s why we’re here. If you’re new to crypto (or even if you’ve been around the blockchain a few times), busting these myths isn’t just helpful—it’s necessary. This listicle is your no-fluff, mildly - [Optimizing the Future](https://news.shib.io/2025/06/27/optimizing-the-future/) - [Bone Technical Indicators Hint At Potential Surge](https://news.shib.io/2025/06/27/bone-technical-indicators-hint-at-potential-surge/): 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. After months of downward pressure, Bone ShibaSwap (BONE) is showing its first technical signs of strength in quite some time. Traders analyzing the charts say key momentum tools are beginning to flash bullish signals, hinting that the worst of the sell-off could be behind the token — at least for now. As the gas token powering the Shibarium blockchain, BONE plays a crucial role in the broader Shiba Inu ecosystem. But utility hasn’t protected its price. From late 2023 highs near $0.80, BONE has - [Judge Backs Meta in AI Copyright Case—but Warns of Future Risks](https://news.shib.io/2025/06/27/judge-backs-meta-in-ai-copyright-case-but-warns-of-future-risks/): Meta, the tech giant behind Facebook, has won a significant legal battle after a U.S. federal judge determined the company did not break copyright laws by using works from 13 authors to train its AI systems without obtaining prior consent. U.S. District Judge Vince Chhabria noted that the court granted summary judgment in favor of Meta, ruling that the authors behind the lawsuit failed to provide adequate evidence that the company’s use of their books to train AI models caused them any harm.  In 2023, a group of authors, including comedian Sarah Silverman and writer Ta-Nehisi Coates, filed a lawsuit - [Nigerian Man Admits Laundering $2.5M in Crypto from US Romance Scams](https://news.shib.io/2025/06/27/nigerian-man-admits-laundering-2-5m-in-crypto-from-us-romance-scams/): The Federal Bureau of Investigation (FBI) announced that Charles Uchenna Nwadavid, a Nigerian national, has pleaded guilty in a Boston federal court to stealing more than $2.5 million from six victims through romance scams and laundering the funds through cryptocurrency accounts he controlled. Nwadavid, 35, pleaded guilty to charges of mail fraud and money laundering, including aiding and abetting, according to an official press release from the U.S. Attorney’s Office for the District of Massachusetts. Nwadavid was taken into custody in April 2025 upon landing at Dallas-Fort Worth International Airport following a flight from the United Kingdom. Between approximately 2016 - [Judge Rejects Ripple, SEC Deal to Slash $125M XRP Penalty](https://news.shib.io/2025/06/27/judge-rejects-ripple-sec-deal-to-slash-125m-xrp-penalty/): The United States District Court for the Southern District of New York has rejected a joint request by the U.S. Securities and Exchange Commission (SEC) and Ripple Labs Inc. to revisit a key ruling in their ongoing legal battle. The court denied their motion to reduce Ripple’s $125 million civil penalty and to overturn the classification of XRP institutional sales as securities under Section 5 of the Securities Act. In a filing dated June 26, Judge Analisa Torres reaffirmed that the court would not revisit its earlier decisions, including the $125 million penalty imposed on Ripple. Torres emphasized that the - [New Shiba Inu Price Prediction Hints at Explosive 600% Growth](https://news.shib.io/2025/06/27/new-shiba-inu-price-prediction-hints-at-explosive-600-growth/): 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. A new Shiba Inu price prediction is turning heads across the crypto space and this time, the optimism isn’t just about hype—it’s coming from a chart that’s been quietly building pressure for months. The signal? A decisive breakout from a long-term downtrend, spotted by analyst @JavonTM1 on X (formerly Twitter), who believes Shiba Inu may be gearing up for a move that could take it more than 600% higher than its current price. And while such predictions are nothing new in crypto, this one - [UAE Firm Buys $100M Stake in Trump-Backed World Liberty Financial Token](https://news.shib.io/2025/06/27/uae-firm-buys-100m-stake-in-trump-backed-world-liberty-financial-token/): Aqua 1, a UAE-based Web3 investment fund, has made a $100 million strategic move into World Liberty Financial (WLFI), a DeFi protocol with ties to the Trump family—becoming its largest token holder in the process. According to a blog post by Aqua 1, the investment is aimed at fast-tracking the development of a blockchain-driven financial ecosystem, one focused on real-world asset (RWA) tokenization, stablecoin integration, and broader blockchain innovation. The goal, the firm added, is to redefine global capital efficiency through decentralized infrastructure. “This collaboration pioneers the institutional migration of traditional finance to decentralized finance by accelerating the adoption of - [Getting Started with Blockchain Gaming: How It Works and Why It Matters](https://news.shib.io/2025/06/27/getting-started-with-blockchain-gaming-how-it-works-and-why-it-matters/): Let’s be real—video games have come a long way from pixelated plumbers and falling blocks. But now, there’s a new player in town: blockchain gaming. Imagine games where you actually own that rare sword you spent 40 hours grinding for. Not just in the game—but in your wallet, as a tradable digital asset. Sounds like loot worth logging in for, right? So, what is blockchain gaming? In the simplest terms, it’s the fusion of video games and blockchain tech—meaning your in-game items, characters, or rewards aren’t just floating in some server farm; they’re tied to the blockchain, giving you real - [Shiba Inu Price Could Rally 50+% Despite Whale Selloff](https://news.shib.io/2025/06/26/shiba-inu-price-could-rally-50-despite-whale-selloff/): The Shiba Inu price is flashing a powerful technical signal that could pave the way for a major rally—even as its largest holders quietly head for the door.  The meme coin’s chart had shown a textbook “double-bottom” pattern, a formation often associated with sharp upward reversals. While some whales were trimming their positions, traders watching the charts believed the Shiba Inu price could jump more than 50% if the pattern played out. The double-bottom—shaped like the letter “W”—suggested the token had found a strong support zone and might be building toward a breakout. One of the first to flag the - [US Housing Regulator Urges Fannie Mae and Freddie Mac to Accept Crypto Assets](https://news.shib.io/2025/06/26/us-housing-regulator-urges-fannie-mae-and-freddie-mac-to-accept-crypto-assets/): William J. Pulte, Director of the Federal Housing Finance Agency (FHFA), has directed Fannie Mae and Freddie Mac to factor in cryptocurrency holdings when assessing risk for certain home loans. The order marks a notable shift in how crypto assets may influence traditional mortgage underwriting. In a letter dated June 25, which Pulte shared on X, the FHFA director instructed government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to draft a “proposal for consideration” on how cryptocurrency could be treated as an asset in their single-family mortgage loan risk evaluations. Notably, the directive specifies that the digital assets should be - [Fuzzland Reveals Insider Behind $2M UniBTC Hack at Bedrock](https://news.shib.io/2025/06/26/fuzzland-reveals-insider-behind-2m-unibtc-hack-at-bedrock/): Web3 security firm Fuzzland has confirmed that a former employee leveraged insider access and deployed malware to exploit Bedrock’s UniBTC protocol, leading to $2 million in losses. The company emphasized that no customer data was compromised in the breach. In an official X post, Fuzzland disclosed details concerning a security incident that occurred in September 2024. “A former Fuzzland employee used insider access and deployed advanced persistent threat techniques to steal sensitive information from our systems for over three weeks,” Fuzzland wrote. “The exploit was enabled by a combination of a breach of TLP:RED protocols by someone who accessed intelligence - [Nobitex Hack Unmasks Months of Hidden Bitcoin Movements](https://news.shib.io/2025/06/26/nobitex-hack-unmasks-months-of-hidden-bitcoin-movements/): Global Ledger, a blockchain intelligence firm, has revealed that long before the recent $90 million hack on Iran’s top crypto exchange Nobitex, the platform had been routinely shifting user funds using patterns typically linked to money laundering operations. According to Global Ledger’s investigation, on-chain data shows that the crypto exchange employed a method called peel chaining. This involves breaking large sums of cryptocurrency into smaller, hard-to-trace transactions through a series of wallet transfers. Each transfer peels off a portion of the funds, sending the rest to a new address in a long chain of seemingly innocuous movements. Global Ledger uncovered - [zkLend Shuts Down After $9.5M Hack and Token Delisting Woes](https://news.shib.io/2025/06/26/zklend-shuts-down-after-9-5m-hack-and-token-delisting-woes/): zkLend, a decentralized lending platform built on Ethereum’s layer-2 network Starknet, has announced it is shutting down. The decision to wind down comes months after a multimillion-dollar hack and ongoing struggles with token liquidity. zkLend formally announced its decision to cease operations in an official statement posted on X. “This decision was not made lightly. Over recent months, the exploit we suffered has deeply eroded user confidence, and furthermore, the recent removal of ZEND from major exchanges such as Bybit and KuCoin has further constrained token liquidity and accessibility,” zkLend wrote.  The referenced exploit occurred in February 2025, when zkLend - [9 Unexpected Ways to Use NFTs Beyond Digital Art](https://news.shib.io/2025/06/26/9-unexpected-ways-to-use-nfts-beyond-digital-art/): When most people hear NFTs, their minds jump straight to flashy digital art—those eye-catching, sometimes bizarre images selling for jaw-dropping prices. And sure, digital art is where NFTs made their big splash, turning pixels into pricey collectibles. But if you think NFTs are just about buying and selling digital images, you’re only scratching the surface. NFTs are like the Swiss Army knives of the digital world—surprising, versatile, and packed with hidden features. They’re not just collectibles; they’re keys, tickets, memberships, and even financial tools all rolled into one. Ready to get your mind blown? This list is about to reveal - [NYSE Seeks Approval to List Trump-Backed Bitcoin and Ethereum ETF](https://news.shib.io/2025/06/25/nyse-seeks-approval-to-list-trump-backed-bitcoin-and-ethereum-etf/): The New York Stock Exchange (NYSE) has submitted a proposed rule change seeking approval to list a new Bitcoin and Ethereum ETF backed by Trump Media & Technology Group. If given the green light, the fund would track the prices of both BTC and ETH, marking a bold entry into the crypto market by the media company founded by President Donald Trump. According to the filing, the proposed rule change emphasizes safeguards against fraud and market manipulation, noting that any exchange-traded fund (ETF) shares would be subject to the NYSE’s established listing and trading standards, both at the time of - [Coinbase Aids Secret Service in Record $225M Crypto Scam Bust](https://news.shib.io/2025/06/25/coinbase-aids-secret-service-in-record-225m-crypto-scam-bust/): Crypto exchange Coinbase has announced that it played a key role in assisting the U.S. Secret Service (USSS) with its largest-ever crypto seizure, helping the agency recover $225 million in USDT linked to online investment fraud schemes known as “pig butchering.” In a recent blog post, the crypto exchange detailed its support for the USSS investigation, which included tracking blockchain transactions and assisting in pinpointing scam victims who may qualify for compensation. The U.S. Department of Justice (DOJ) filed a civil forfeiture action last week seeking to seize over $225 million in cryptocurrency recovered by the Secret Service, believed to - [SparkKitty Malware Steals Gallery Photos to Hunt Crypto Seed Phrases](https://news.shib.io/2025/06/25/sparkkitty-malware-steals-gallery-photos-to-hunt-crypto-seed-phrases/): Kaspersky Lab’s research arm, SecureList, has uncovered a new malware threat dubbed SparkKitty, designed to extract images from compromised devices in search of cryptocurrency seed phrases. Cybersecurity researchers Sergey Puzan and Dmitry Kalinin from Kaspersky report that SparkKitty is actively attacking both iOS and Android platforms by sneaking into certain apps available through the Apple App Store and Google Play. The report revealed that attackers embedded a malicious SDK or framework into certain apps, enabling the malware to activate once a user accessed a specific screen, often a support chat interface. At that point, it would request permission to access - [UAE Taxis Now Accept Stablecoin AE Coin for Cashless Rides](https://news.shib.io/2025/06/25/uae-taxis-now-accept-stablecoin-ae-coin-for-cashless-rides/): Abu Dhabi has become the first city in the world to let taxi passengers pay fares using a national stablecoin, as riders can now use AE Coin, tied directly to the UAE dirham, for cashless trips across the capital. Crypto education platform Coin Bureau shared that passengers in Abu Dhabi can now pay for taxi rides using the AEC Wallet app, thanks to a new initiative by Tawasul Transport in collaboration with Al Maryah Community Bank and the Integrated Transport Center (ITC). By simply scanning a QR code inside the vehicle, riders can complete transactions quickly and securely, with no - [Beginner’s Guide to Storing Crypto Safely with a Cold Wallet](https://news.shib.io/2025/06/25/beginners-guide-to-storing-crypto-safely-with-a-cold-wallet/): If you’re diving into the world of crypto, one of the first things you’ll hear about is a cold wallet — and for good reason. Think of it as the digital version of a super-secure safe where you can stash your crypto away from hackers and online threats. Secure storage matters because, unlike cash in your wallet, crypto lives on the internet, which means it’s always just a click away from potential danger. So what exactly is a cold wallet? Simply put, it’s a way to keep your crypto completely offline. This is very different from “hot wallets,” which are - [OKX Plans US IPO After Relaunch Amid Rising Regulatory Pressure in Asia](https://news.shib.io/2025/06/24/okx-plans-us-ipo-after-relaunch-amid-rising-regulatory-pressure-in-asia/): Major global crypto exchange OKX has reportedly been exploring a public listing in the United States, following its relaunch in the country and amid growing regulatory pressures in Asia. Following its return to the U.S. market in April, the crypto exchange is reportedly considering an initial public offering (IPO) and a potential listing on a domestic stock exchange, according to The Information. OKX’s consideration of a U.S. IPO coincides with mounting regulatory challenges in Asia. In late May, the Thai Securities and Exchange Commission announced it would prohibit OKX, along with four other exchanges, Bybit, 1000X, CoinEx, and XT.COM, from - [Trezor Warns Users After Phishing Emails Exploit Support System](https://news.shib.io/2025/06/24/trezor-warns-users-after-phishing-emails-exploit-support-system/): Trezor, a hardware crypto wallet provider, has issued an urgent alert after attackers exploited its support contact form to send phishing emails requesting wallet backups to users, amid a broader wave of industry-wide attacks. In an official post on X, the company revealed that bad actors exploited the form to send phishing emails that mimicked legitimate responses from Trezor’s support team. “These scam emails appear legitimate but are a phishing attempt,” Trezor wrote. “Remember, NEVER share your wallet backup — it must always stay private and offline. Trezor will never ask for your wallet backup,” it added.  Trezor clarified that - [Federal Reserve Scraps Reputational Risk Rule, Opening Doors for Crypto Banks](https://news.shib.io/2025/06/24/federal-reserve-scraps-reputational-risk-rule-opening-doors-for-crypto-banks/): The U.S. Federal Reserve has announced that it will no longer consider “reputational risk” in its oversight of banks, dropping the practice from its routine examination process. The move signals a shift away from evaluating financial institutions based on potential public backlash or media scrutiny, narrowing the focus of supervisory reviews to more tangible risks. The Federal Reserve Board announced Monday that it began revising its supervisory guidance to eliminate mentions of reputation and reputational risk. As part of the overhaul, references in examination manuals and related materials will be replaced, where relevant, with more precise language focused on financial - [ZachXBT Uncovers $4M Coinbase Scam That Left Victims Wallets Empty](https://news.shib.io/2025/06/24/zachxbt-uncovers-4m-coinbase-scam-that-left-victims-wallets-empty/): On-chain investigator ZachXBT has revealed a phone-based support scam engineered by Christian Nieves, a New York-based con artist, siphoned more than $4 million from the wallets of crypto exchange Coinbase customers. In a lengthy X post, the on-chain sleuth outlined the sophisticated social engineering scheme orchestrated by Nieves, who operated online under the aliases Daytwo and PawsOnHips. According to ZachXBT, Nieves impersonated Coinbase customer support representatives to execute the scam. Nieves allegedly ran a small call center operation, where he also acted as a caller, targeting victims through phone-based phishing tactics. The group reportedly convinced individuals to create Coinbase wallets - [The Origin of NFTs: How Crypto Culture Created a New Art Movement](https://news.shib.io/2025/06/24/the-origin-of-nfts-how-crypto-culture-created-a-new-art-movement/): If you’ve been anywhere near the internet in the last few years, chances are you’ve heard the buzz about non-fungible tokens (NFTs) — those digital collectibles that have taken the art world, social media, and even pop culture by storm. But what exactly are NFTs, and why are people spending millions on pixelated images, funky animations, or even tweets? Well, to really get why NFTs are more than just a flashy trend, it helps to take a step back and dive into the origin of NFTs. Understanding where NFTs come from isn’t just a history lesson—it’s like unlocking a secret - [Bitcoin Reserve Established as Texas Becomes First State to Invest Public Funds](https://news.shib.io/2025/06/23/bitcoin-reserve-established-as-texas-becomes-first-state-to-invest-public-funds/): Texas has made history as the first U.S. state to allocate public funds to a dedicated Bitcoin Reserve, following Governor Greg Abbott’s signing of Senate Bill 21, which establishes a state-managed fund treating Bitcoin as a long-term financial asset. Under the new legislation, the Texas Strategic Bitcoin Reserve will function separately from the state’s general treasury, with the goal of boosting financial stability and offering a potential hedge against inflation. The bill also limits eligibility to assets with a market capitalization above $500 billion, a benchmark that, for now, only Bitcoin meets.   The Texas Strategic Bitcoin Reserve will be overseen - [CoinMarketCap Removes Fake Wallet Popup, Ongoing Probe Underway](https://news.shib.io/2025/06/23/coinmarketcap-removes-fake-wallet-popup-ongoing-probe-underway/): CoinMarketCap has taken down a malicious pop-up that appeared on its site urging users to verify their crypto wallets. The crypto data platform confirmed the removal and said an internal investigation into the incident remains underway. “We’re aware that a malicious pop-up prompting users to ‘Verify Wallet’ has appeared on our site,” CoinMarketCap wrote in a post on its official X account. The platform acknowledged the incident publicly as reports of the suspicious activity circulated on social media. CoinMarketCap further warned users not to connect their wallets.  Several crypto users on X flagged the malicious pop-up on CoinMarketCap’s site as - [Crypto Kidnapping Shocks Paris as Surge in Violent Attacks Continue](https://news.shib.io/2025/06/23/crypto-kidnapping-shocks-paris-as-surge-in-violent-attacks-continue/): A 23-year-old man and his partner have become the latest victims in a string of crypto kidnapping cases in France after the man was abducted and his partner was forced to gather €5,000 in cash along with his Ledger digital wallet access key. According to a local report from Le Parisien, the couple from Maisons-Alfort was targeted by an organized gang on Tuesday. The incident began mid-morning as the pair left their home by car to run errands. Upon reaching their destination and struggling to find a parking spot, the 23-year-old man stayed behind to search for one while his - [Lazarus Group Linked to Crypto Laundering via Garden Finance, Says ZachXBT](https://news.shib.io/2025/06/23/lazarus-group-linked-to-crypto-laundering-via-garden-finance-says-zachxbt/): Blockchain investigator ZachXBT has accused Garden Finance, a Bitcoin-native decentralized finance (DeFi) protocol, of laundering crypto tied to Lazarus Group hacks like Bybit. ZachXBT claimed in a recent post on X that more than 80% of Garden Finance’s revenue comes from laundering funds allegedly linked to North Korea’s Lazarus Group. The accusation directly counters a post by Garden Finance co-founder Jaz Gulati, who spotlighted the protocol’s growth, citing 38.86 Bitcoin (BTC) in total fees and $300,000 earned in the 12 days leading up to June 2. “You conveniently left out >80% of your fees came from Chinese launderers moving Lazarus - [How to Read a Crypto Whitepaper: Key Things to Watch For](https://news.shib.io/2025/06/23/how-to-read-a-crypto-whitepaper-key-things-to-watch-for/): Let’s be honest—“crypto whitepaper” sounds like something you’d pretend to read while actually Googling “what does this mean in normal English?” And you’re not alone. These documents are the official pitch decks of the crypto world, where projects explain what they’re building, why it matters, and how their token fits into the grand plan. Think of them as part vision board, part tech blueprint, and part trust test. But here’s the twist: just because a whitepaper uses fancy terms like “decentralized consensus layer” doesn’t mean the project actually makes sense—or that it’s not a dressed-up rug pull. For investors, builders, - [16 Billion Stolen Login Credentials Expose Crypto Wallets to Hacker Attacks](https://news.shib.io/2025/06/20/16-billion-stolen-login-credentials-expose-crypto-wallets-to-hacker-attacks/): A massive trove of leaked data, amounting to 16 billion login credentials, has surfaced online, marking one of the largest breaches ever recorded. Security researchers believe the credentials were harvested by a range of infostealer malware strains and compiled from multiple incidents over time. Cybernews researchers uncovered a massive trove of data, containing billions of login credentials spanning everything from social media accounts and corporate systems to VPN services and developer platforms. The discovery points to an unprecedented concentration of stolen access data circulating in cybercriminal spaces. Since January, the Cybernews team has been actively tracking the web for large-scale - [Telegram Founder Pavel Durov Granted Temporary Approval to Travel from France](https://news.shib.io/2025/06/20/telegram-founder-pavel-durov-granted-temporary-approval-to-travel-from-france/): Pavel Durov, founder of the cloud-based messaging app Telegram, has received court permission to leave France for 14 days to travel to Dubai, United Arab Emirates, where Telegram is officially registered and based. Local news outlet Le Monde reported that Durov was granted permission to leave France on July 10 for a brief trip. He is expected to return to France to continue addressing his ongoing legal matters. In May, French authorities rejected Durov’s request to travel to Oslo, Norway, where he was scheduled to deliver a keynote speech at the Human Rights Foundation’s Oslo Freedom Forum. As a result, - [Trump Family Cuts Stake in World Liberty Financial to 40%](https://news.shib.io/2025/06/20/trump-family-cuts-stake-in-world-liberty-financial-to-40/): DT Marks DEFI LLC, linked to President Donald Trump and his family, has recently reduced its ownership stake in World Liberty Financial (WLF), the decentralized finance (DeFi) platform founded by Trump and his sons, from 60% down to 40%. The ownership decrease was reflected through a subtle update in the fine print on World Liberty Financial’s website. Forbes reported that, based on a financial disclosure summarizing the president’s business interests, DT Marks DEFI LLC held a 75% stake in World Liberty Financial as of late December. However, in the weeks before President Trump’s January inauguration, the Trump family reportedly sold - [OpenAI Drops Scale AI After Meta Buys Major Stake in the Startup](https://news.shib.io/2025/06/20/openai-drops-scale-ai-after-meta-buys-major-stake-in-the-startup/): AI firm OpenAI has begun winding down its contracts with U.S.-based data labeling firm Scale AI after the company was acquired by tech giant Meta, signaling a shift in the AI firm’s outsourcing strategy. Just days after Meta revealed a $14.8 billion deal for a 49% stake in Scale AI, OpenAI reportedly reduced its dependence on the startup’s data services, according to Bloomberg. The move marks a notable shift in how the ChatGPT-maker manages its training data partnerships. The deal, announced on June 12, marks Meta’s second-largest acquisition to date and includes Scale AI CEO Alexandr Wang joining the company’s - [Blockchain and Censorship Resistance: Myth or Reality?](https://news.shib.io/2025/06/20/blockchain-and-censorship-resistance-myth-or-reality/): Welcome to the wild world of blockchain — where buzzwords like decentralization and censorship resistance get tossed around like confetti at a crypto party. But what exactly does censorship resistance mean, and why should you care? Simply put, it’s the idea that no single person, company, or government can block or erase your transactions, messages, or digital actions on the blockchain. Imagine a system where your voice can’t be silenced, and your digital assets can’t be frozen just because someone doesn’t like what you’re doing. Sounds pretty cool, right? For users and developers, censorship resistance isn’t just a fancy phrase; - [Chinese Bitcoin Hardware Giants Build U.S. Factories to Bypass Tariffs](https://news.shib.io/2025/06/19/chinese-bitcoin-hardware-giants-build-u-s-factories-to-bypass-tariffs/): Three major Chinese Bitcoin hardware makers, Bitmain, Canaan, and MicroBT, have reportedly begun setting up production hubs in the U.S., a shift influenced by President Donald Trump’s tariff push. As America’s $38 billion crypto mining sector has remained heavily reliant on Chinese equipment, the companies’ move signals a strategic response to rising trade pressures and a changing global mining landscape. China’s leading Bitcoin hardware firms collectively dominate more than 90% of the global mining rig market, serving as the primary manufacturers of the Application-Specific Integrated Circuit (ASIC) machines that power the Bitcoin network’s core infrastructure. These companies play a central - [GENIUS Act Heads to House as Trump Demands Speedy Approval](https://news.shib.io/2025/06/19/genius-act-heads-to-house-as-trump-demands-speedy-approval/): President Donald Trump has urged the House to quickly approve the GENIUS Act after the U.S. Senate has passed the Guiding and Establishing National Innovation for US Stablecoins Act by a majority vote. He aims to sign the bill into law soon. In a post on his social media platform Truth Social, President Trump noted the Senate’s recent passage of a bill he described as one that will “make America the UNDISPUTED Leader in Digital Assets,” praising it as pure “genius.” “Digital Assets are the future, and our Nation is going to own it. We are talking about MASSIVE Investment, - [Crypto Fraud Probe Leads to $225M DOJ Seizure, Largest in History](https://news.shib.io/2025/06/19/crypto-fraud-probe-leads-to-225m-doj-seizure-largest-in-history/): The U.S. Department of Justice (DOJ) has filed a civil forfeiture complaint targeting over $225 million in cryptocurrency allegedly tied to international crypto fraud. According to a DOJ press release, the complaint, filed in the U.S. District Court for the District of Columbia, claimed that law enforcement traced the digital assets using blockchain analysis and other investigative methods, linking them to stolen and laundered funds from defrauded investors. The complaint further alleges that the $225 million in crypto was tied to a complex laundering network that ran hundreds of thousands of transactions to disguise funds from crypto investment fraud, spreading - [Nobitex Hit by $81M Breach By Pro-Israel Hackers](https://news.shib.io/2025/06/19/nobitex-hit-by-81m-breach-by-pro-israel-hackers/): Iran’s leading cryptocurrency exchange, Nobitex, has reportedly suffered a major security breach, with a pro-Israel hacker group known as “Gonjeshke Darande” claiming responsibility. The attack is said to have drained at least $81.7 million in assets across the Tron network and Ethereum Virtual Machine (EVM)-compatible blockchains. Blockchain investigator ZachXBT reported that the attackers behind the Nobitex breach leveraged a “vanity address” to carry out the exploit, triggering “suspicious outflows” from several wallets tied to the Iranian crypto exchange. The initial $49 million was drained through an address labeled “TKFuckiRGCTerroristsNoBiTEXy2r7mNX,” while a second address used in the operation was “0xffFFfFFffFFffFfFffFFfFfFfFFFFfFfFFFFDead.” “This - [Why Decentralization Is More Than Tech: A Look at the Philosophy](https://news.shib.io/2025/06/19/why-decentralization-is-more-than-tech-a-look-at-the-philosophy/): You’ve probably heard the word decentralization thrown around like confetti at a crypto party — but guess what? It’s way more than just a trendy tech term. At its heart, decentralization is a big idea with deep roots in philosophy, politics, and how people organize themselves. It’s about who holds power, who gets to make decisions, and how trust gets built without relying on a single “boss” or middleman. Understanding the philosophy behind decentralization is super important—not just if you’re into blockchain or crypto, but because it’s changing how communities, businesses, and even governments work. This idea challenges old-school ways - [Thailand Grants Five-Year Tax Exemption on Crypto Profits Starting 2025](https://news.shib.io/2025/06/18/thailand-grants-five-year-tax-exemption-on-crypto-profits-starting-2025/): Thailand has granted a five-year tax exemption on income from the sale of cryptocurrencies like Bitcoin, applying to transactions made via licensed crypto asset service providers from 2025 through late 2029. Thailand’s Ministry of Finance announced that capital gains tax will be waived on cryptocurrency sales conducted through licensed digital asset service providers. The tax exemption will apply to transactions made between January 1, 2025, and December 31, 2029. In a recent statement, Deputy Finance Minister Julapun Amornvivat emphasized that the new tax measure aims to enhance Thailand’s status as a global financial center. He noted that the policy aligns - [Pump.fun Faces Backlash Over $741M Fees and Scam Allegations](https://news.shib.io/2025/06/18/pump-fun-faces-backlash-over-741m-fees-and-scam-allegations/): Pump.fun, a decentralized meme coin launchpad built on Solana, has drawn sharp criticism after generating $741 million in fees from the sale of over 4.1 million SOL tokens. While the platform’s rapid growth has attracted headlines, its role in enabling a wave of high-risk speculative coins, some linked to disturbing content and live stream incidents, has prompted growing concern among critics and industry observers. Crypto influencer Crypto Bitlord publicly criticized meme coin launchpad Pump.fun in a recent post on X, citing data from blockchain analytics platform LookOnChain. The influencer accused Pump.fun of collecting millions of dollars in fees and alleged - [Ohio Bitcoin Rights Bill Passes Committee, Boosting Crypto Growth](https://news.shib.io/2025/06/18/ohio-bitcoin-rights-bill-passes-committee-boosting-crypto-growth/): House Bill 116, known as the Bitcoin Rights bill, has been unanimously approved by Ohio’s House Technology and Innovation Committee, spotlighting the state’s growing commitment to leading in cryptocurrency and blockchain technology. Introduced by Republican Representative Steve Demetriou, the bill aims to safeguard the rights of digital asset owners and now moves to the full Ohio House of Representatives for discussion and voting. Demetriou described the voting day as a historic milestone for Ohio, emphasizing that it establishes a foundation to foster emerging technologies and enhance financial autonomy for its residents. The unanimous 13-0 vote reflects growing bipartisan agreement on - [Senate Passes GENIUS Act, Pushing Stablecoin Rules Forward](https://news.shib.io/2025/06/18/senate-passes-genius-act-pushing-stablecoin-rules-forward/): The U.S. Senate has approved the GENIUS Act with a decisive 68-30 vote, advancing the bill aimed at establishing clearer federal guidelines for digital assets. “With this bill, the United States is one step closer to becoming the global leader in crypto,” Senator Bill Hagerty, the bill’s sponsor, stated during remarks on the Senate floor ahead of the vote. “Once the GENIUS Act is law, businesses of all sizes, and Americans across the country will be able to settle payments nearly instantaneously rather than waiting for days or sometimes even weeks,” he added.  The Guiding and Establishing National Innovation for - [Why Your Seed Phrase Matters and How to Keep It Safe and Secure](https://news.shib.io/2025/06/18/why-your-seed-phrase-matters-and-how-to-keep-it-safe-and-secure/): If you’re diving into the world of crypto, you’ve probably heard the term seed phrase tossed around like some secret magic spell—and honestly, that’s not too far off. Think of your seed phrase as your crypto wallet’s ultimate password, a special set of words that unlocks your digital treasure chest. Without it, your crypto could be lost forever, kind of like forgetting the combination to your safe or losing the keys to your house. Seed phrases are super important because they give you total control over your crypto funds. They’re the backbone of your wallet’s security and the only way - [Shib Alpha Layer & Rollups: Clearing the Traffic for a Smarter Web3](https://news.shib.io/2025/06/17/shib-alpha-layer-rollups-clearing-the-traffic-for-a-smarter-web3/): Web3’s notorious traffic jams might finally be clearing up, as new tech like Rollups steps in to speed things up and cut costs, and the Shib Alpha Layer is now using this to build a smoother ride for everyone. If you’ve heard Rollup and Layer 2 tossed around in crypto discussions and felt a bit lost, you’re not alone. These terms sound complex, but they describe a really smart way blockchains are evolving to handle more users and transactions without the crazy fees or slow speeds. Think of it like this: the main blockchain is a popular but often congested - [Pump.fun X Accounts Suspended Ahead of 1B Token Sale Launch](https://news.shib.io/2025/06/17/pump-fun-x-accounts-suspended-ahead-of-1b-token-sale-launch/): Multiple X accounts linked to meme coin launchpad Pump.fun and the open-source operating system ElizaOS have been suspended, including official project accounts and those of key executives. Among those affected are Pump.fun co-founder Alon Cohen and Eliza Labs’ Shaw Walters, whose accounts were taken down alongside a growing list of crypto-affiliated profiles. In total, at least 19 accounts have reportedly been suspended, with no formal reasoning provided by the platform. Accounts linked to GMGN, Bloom Trading, and BullX have also gone dark. Their disappearance has sparked speculation about possible enforcement actions or policy violations within the broader Solana meme coin - [Trump Mobile Launches With $499 Phone and Bold 'Made in USA' Claim](https://news.shib.io/2025/06/17/trump-mobile-launches-with-499-phone-and-bold-made-in-usa-claim/): President Donald Trump’s family company, The Trump Organization, has licensed its brand for a new U.S. mobile service and smartphone called Trump Mobile, retailing at $499, another effort to monetize the Trump name. The Trump family’s newest business venture, negotiated by President Donald Trump’s children, is set to introduce a gold-colored smartphone marketed as “built in the United States.” The device will run on the infrastructure of the three largest U.S. wireless providers. Alongside the phone, a mobile service plan will be offered at $47.45 per month—a nod to Trump’s tenure as both the 45th and 47th president. “We are - [Trump’s Truth Social Moves to List Dual Crypto ETF on NYSE](https://news.shib.io/2025/06/17/trumps-truth-social-moves-to-list-dual-crypto-etf-on-nyse/): Truth Social, the social media network owned by President Donald Trump, has filed an S-1 registration with the U.S. Securities and Exchange Commission (SEC) to launch a dual-spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded fund (ETF). On June 16, Truth Social submitted an S-1 filing proposing the launch of the Truth Social Bitcoin and Ethereum ETF. Sponsored by asset manager Yorkville America Digital, the fund aims to give investors easy access to Bitcoin and Ether through shares backed by these cryptocurrencies, simplifying exposure without the challenges of direct ownership. The filing states that Foris DAX Trust Company, operating as Crypto.com, - [Sun’s Tron to List via Merger, Trump Family Connections Stir Buzz](https://news.shib.io/2025/06/17/suns-tron-to-list-via-merger-trump-family-connections-stir-buzz/): Blockchain platform Tron, founded by entrepreneur Justin Sun, has announced plans to enter the public market by merging with SRM Entertainment, a company specializing in custom toys and souvenirs for major theme parks worldwide. On June 16, SRM, a Nasdaq-listed merchandise supplier based in Florida, announced it entered into a Securities Purchase Agreement (SPA) with a private investor for a $100 million equity investment. The funds will support SRM’s launch of a TRON Token (TRX) Treasury Strategy. As part of the agreement, SRM will issue preferred shares and warrants, valuing the transaction at up to $210 million. SRM also revealed - [Who Holds Your Crypto? Self-Custody vs. Centralized Exchanges](https://news.shib.io/2025/06/17/who-holds-your-crypto-self-custody-vs-centralized-exchanges/): You bought some crypto—nice. Maybe it’s Bitcoin, maybe it’s something trendier, like a cat-themed token that your friend swore was “the next big thing.” But here’s a question most people skip: do you actually control your crypto? If you’re storing it on one of the big platforms—yes, we’re talking about centralized exchanges —then the answer might surprise you. You see a balance, sure. But unless you hold the private keys, you’re basically trusting someone else to guard your digital treasure. So let’s get to the heart of it. Should you keep your crypto in your own wallet, where you’re in - [In-Person Crypto Deal Ends in Murder at Jeju Hotel](https://news.shib.io/2025/03/03/in-person-crypto-deal-ends-in-murder-at-jeju-hotel/): An in-person crypto exchange in a Jeju City hotel has become a crime scene, leaving one Chinese investor dead and four suspects arrested in a brutal murder case. The murder, which happened February 24, highlights the inherent risks of unregulated, face-to-face cryptocurrency transactions. The victim, a Chinese man in his 30s, was found dead in his luxury hotel room, having suffered multiple stab wounds. According to South Korean news agency The Chosun Daily, the victim had traveled to the hotel specifically to complete a cryptocurrency deal. He was reportedly robbed of 85 million won (approximately $63,000) in cash during the - [Shiba Inu Bulls Eye Upside, Analysts Optimistic on Potential Breakout](https://news.shib.io/2025/03/03/shiba-inu-bulls-eye-upside-analysts-optimistic-on-potential-breakout/): Shiba Inu ($SHIB) bulls are targeting significant gains, with analysts highlighting the potential for a major breakout if the meme coin can maintain a critical support level. The current optimism surrounding Shiba Inu is largely based on recent technical analysis, which identifies key price levels that could determine the meme coin’s near-term trajectory. One analyst, BlueCrypto, has been closely monitoring SHIB’s price action, sharing a chart that visually highlights these crucial levels on the SHIB/USD daily chart. Shiba Inu Price Analysis: BlueCrypto Identifies Key Support and Resistance According to BlueCrypto, SHIB has successfully held local support at $0.00001345. The accompanying - [Trump's US Crypto Reserve Bombshell Sparks Mixed Reactions](https://news.shib.io/2025/03/03/trumps-bombshell-sparks-mixed-reaction-to-us-crypto-reserve/): U.S. President Donald Trump’s proposal for a U.S. Crypto Reserve, including Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies, has sparked immediate debate within the industry, pitting Bitcoin maximalists against proponents of a multi-coin approach. Revealed on Truth Social and slated for further discussion at Friday’s White House Crypto Summit, Trump’s plan, led by AI and Crypto Czar David Sacks, is rooted in Executive Order 14178 (signed January 23, 2025). The order, revoking the previous EO 14067, aims to make the U.S. the “Crypto Capital of the World.” The central point of contention is the reserve’s potential inclusion of altcoins alongside - [India Crypto Scam: Police Arrest Three in $2.4M Fraud, Mastermind Still at Large](https://news.shib.io/2025/03/03/india-crypto-scam-police-arrest-three-in-2-4m-fraud-mastermind-still-at-large/): Assam Police have arrested three people linked to a cryptocurrency scam involving the fraudulent RSN Crypto Currency Token, authorities said Sunday. The India crypto scam operation, carried out March 1 in the Fakirganj Police Station area, was led by officers from the South Salmara-Mankachar district. The arrested suspects — Asadul Islam, 25, Hashanur Zaman, 28, and Kobad Ali Mollah, 28 — allegedly convinced thousands of investors to put money into an online gaming and investment scheme, promising a 2% return per deposit. Investigators say the operation was a fraud, with victims losing large amounts of money. India Crypto Scam Mastermind - [U.S. Crypto Reserve Plan to Be Unveiled at Friday’s Summit](https://news.shib.io/2025/03/02/crypto-reserve-plan-details-at-the-summit-czar-confirms/): A detailed plan for a U.S. Crypto Reserve, a key initiative of President Donald Trump, is set for unveiling at the upcoming Crypto Summit, White House AI and Crypto Czar David Sacks confirms. Sacks’ confirmation, delivered via a post on X on Sunday, followed a series of pronouncements from President Trump on his Truth Social platform. The U.S. Strategic Crypto Reserve is slated to include Bitcoin, Ethereum, and other significant cryptocurrencies. “President Trump has announced a U.S. Strategic Crypto Reserve consisting of Bitcoin and other top cryptocurrencies,” Sacks wrote. The initiative aligns with Executive Order 14178, signed during Trump’s first - ['TRUMP' Trademark Filing Hints at Metaverse, NFT Plans](https://news.shib.io/2025/02/28/trump-trademark-filing-hints-at-metaverse-nft-plans/): The Trump Organization may be entering the world of NFTs and the metaverse, as a recent trademark filing for the ‘TRUMP’ name suggests a move into digital asset trading and virtual environments. A trademark application filed with the United States Patent and Trademark Office on February 24, 2025, by DTTM Operations LLC, reveals the intent to use the ‘TRUMP’ brand within a new digital ecosystem. The filing, serial number 99053725, specifically targets the potential creation of a metaverse presence and an NFT trading platform. Proposed ‘TRUMP’ NFT Trading Platform The application outlines potential plans for a platform where users could - [$OSCAR Bridges to Shibarium, Enhancing DeFi and Micro-Donations ](https://news.shib.io/2025/02/28/oscar-bridges-to-shibarium-enhancing-defi-and-micro-donations/): Oscar Token ($OSCAR), a community-driven cryptocurrency inspired by the Shiba Inu meme, has officially bridged to Shibarium, the layer-2 scaling solution for the Shiba Inu ecosystem. This new integration brings DeFi opportunities and a micro-donation platform to Shibarium, marking a significant step toward bridging charitable initiatives with decentralized finance. A Historic Chapter for Oscar Token and Shibarium $OSCAR’s move to Shibarium, finalized this week, allows it to take full advantage of the network’s low transaction fees and fast processing times, benefits that are set to improve both user experience and token functionality. For Shiba Inu’s ecosystem, the arrival of $OSCAR - [From Web2 to Web3: How NFTs Are Leading the the Transition](https://news.shib.io/2025/02/28/how-nfts-are-leading-the-charge-in-the-transition-from-web2-to-web3/): The internet is entering a new era — one where users have real ownership and control over their digital assets as we transition from Web2 to Web3. Right now, most of what we do online happens in Web2, a space dominated by big platforms like Google, Facebook, and Amazon. These companies control the data, the content, and most of the profits. Users can create, share, and engage with content, but they don’t truly own anything — not their social media posts, not their in-game purchases, and certainly not their digital identities. If a platform decides to remove content or shut - [SEC Drops Lawsuit Against Coinbase, Issues Joint Stipulation Agreement](https://news.shib.io/2025/02/28/sec-drops-lawsuit-against-coinbase-issues-joint-stipulation-agreement/): The U.S. Securities and Exchange Commission (SEC) has dismissed its lawsuit against Coinbase Inc. and Coinbase Global Inc. This move marks another instance of the agency withdrawing legal action against crypto exchanges. In a February 27 press release, the SEC and Coinbase announced a joint stipulation to formally end their legal dispute, bringing an end to a prolonged battle between the regulator and the crypto exchange. The SEC formally agreed to drop all legal proceedings against Coinbase and Coinbase Global “with prejudice,” ensuring that the claims cannot be refiled in the future. This decision includes the withdrawal of its original - [UK Introduces Crime and Policing Bill to Strengthen Crypto Seizure Powers](https://news.shib.io/2025/02/28/uk-introduces-crime-and-policing-bill-to-strengthen-crypto-seizure-powers/): The UK government has introduced the Crime and Policing Bill, a legislative proposal aimed at expanding law enforcement’s authority to confiscate illicit assets, including cryptocurrencies linked to criminal activity. The bill seeks to strengthen financial crime enforcement amid the growing use of digital assets in illegal transactions. Currently in its second reading in the House of Commons, the proposed legislation would expand the Crown Court’s authority over confiscation orders if enacted. The Crime and Policing Bill also establishes guidelines for valuing and handling crypto property that cannot be sold, ensuring a structured approach to digital asset forfeiture. “This bill will - [Crypto Loss Risks: Vitalik Buterin Urges Better Wallet Security](https://news.shib.io/2025/02/28/vitalik-buterin-calls-for-improved-wallets-to-reduce-crypto-loss-risks/): Ethereum co-founder Vitalik Buterin has emphasized that crypto loss extends beyond theft, with many holders losing significant funds due to technical failures or physical mishaps. In a recent post on X, Buterin said that discussions around crypto security often focus on theft, while accidental loss due to negligence, forgotten passwords, or software failures is frequently overlooked. He argued that the crypto industry must develop “robust wallet security solutions” that address not only hacking risks but also safeguards against the permanent loss of digital assets. “Because there’s no attacker to go after, victims don’t have a strong need to talk about - [SEC Declares Meme Coins Not Securities but Cautions on Fraud Risks](https://news.shib.io/2025/02/28/sec-declares-meme-coins-not-securities-but-cautions-on-fraud-risks/): The U.S. Securities and Exchange Commission (SEC) has clarified that meme coins are not classified as securities and do not require registration under federal securities laws. However, the agency warned that fraudulent or deceptive token offerings could still face legal action from other regulatory bodies. In a statement released on February 27, the regulator compared meme coins to collectibles, emphasizing that their sale does not constitute a securities offering. Therefore, these do not require regulatory registration. The SEC clarified that meme coins do not align with any traditional financial instruments outlined in the legal definition of a security, such as - [The Shib News Recap: Thursday](https://news.shib.io/2025/02/27/the-shib-news-recap-thursday-7/): The Shib Daily’s top headlines this Thursday are highlighted by Shiba Inu (SHIB) experiencing a burn rate increase exceeding 1,300%, DOJ’s probe into President Milei, Bank of America’s announcement regarding a new stablecoin, and a hacking incident involving Pump.fun’s X account. SHIB Burn Rate Surges to Over 1,300% The Shiba Inu ecosystem saw an impressive increase in token burns, incinerating nearly 31 million SHIB in just 24 hours. This growth raised the daily burn rate over 1,300%. In total, 30,156,987 SHIB were burned yesterday, surpassing the 142,062,714 SHIB removed over the past week. Community projects like Shib Torch also helped, - [Bitcoin Uncertain Future: Bull Run or Risky Downturn Ahead?](https://news.shib.io/2025/02/27/bitcoin-bull-run-crossroads-or-consolidation/): The current market position of Bitcoin sits precariously at the “bull-bear boundary,” according to recent on-chain analysis, prompting a critical debate: is the leading cryptocurrency heading into an extended bull run, a period of consolidation, or a potential downtrend? The answer, experts say, hinges on demand dynamics over the coming weeks. Bitcoin Bullish Uncertainty The cryptocurrency market is currently fixated on the next move of Bitcoin, the world’s first-ever and largest crypto asset by market capitalization. After a period of significant price appreciation, on-chain indicators – metrics derived directly from the Bitcoin blockchain – are flashing mixed signals, creating uncertainty - [MEME Act Targets Politicos' Crypto Shilling: Will It Pass?](https://news.shib.io/2025/02/27/meme-act-targets-politicos-crypto-shilling-will-it-pass/): Sparked by concerns over potential conflicts of interest and market manipulation, a bill, MEME Act, set to be introduced in Congress on Thursday seeks to ban U.S. officials and their families from promoting meme coins. However, the legislation’s path to passage remains highly questionable, given the current partisan divisions. The MEME Act The proposed legislation, dubbed the Modern Emoluments and Malfeasance Enforcement (MEME) Act, is being spearheaded by Representative Sam Liccardo, a freshman Democrat from California. Liccardo, a former federal and local prosecutor, argues that the promotion of highly speculative assets like meme coins by public officials creates an unacceptable - [Millions of SHIB Gone, Shiba Inu Burn Rate Skyrockets ](https://news.shib.io/2025/02/27/millions-of-shib-gone-shiba-inu-burn-rate-skyrockets/): The Shiba Inu ecosystem, in a stunning surge, incinerated nearly 31 million SHIB tokens in just 24 hours yesterday, sending the daily burn rate skyrocketing over 1,300% and intensifying the debate over the meme coin’s future. The sudden spike in burned $SHIB intentionally sent to a burn address — occurred Wednesday, dramatically outpacing the burn rate observed over the previous week. Data reveals that 30,156,987 SHIB were burned in the past 24 hours, while the past seven days saw 142,062,714 SHIB removed. Shiba Inu Burn Mechanics and Market Impact The process of burning tokens, a deflationary mechanism, reduces the overall - [SEC Ends Investigation Into Gemini, Winklevoss Insists on Penalties](https://news.shib.io/2025/02/27/sec-ends-investigation-into-gemini-winklevoss-insists-on-penalties/): The U.S. Securities and Exchange Commission (SEC) has closed its investigation into Gemini, marking another firm that has avoided regulatory action — for now. On February 26, Gemini co-founder and president Cameron Winklevoss shared an official notice from the SEC on X, confirming that the agency had ended its investigation into the crypto exchange and would not pursue enforcement action against the company. The SEC initiated a probe into Gemini due to concerns that its “Earn” program, which was launched in partnership with Genesis Global Capital, involved the unregistered offer and sale of securities.  The program allowed Gemini users to - [Blockchain and Intellectual Property: How It Protects Artists, Musicians, and Innovators](https://news.shib.io/2025/02/27/blockchain-and-intellectual-property-how-it-protects-artists-musicians-and-innovators/): Ever had someone steal your idea and take all the credit? Yeah, not fun. Blockchain and intellectual property are key to protecting artists, musicians, and innovators from getting ripped off. Intellectual Property (IP) serves as the legal shield for original creations — whether it’s a hit song, a groundbreaking invention, or a stunning piece of digital art. Without it, anyone could copy, steal, or profit from someone else’s hard work with zero consequences. But here’s the problem: in today’s digital world, piracy runs rampant, plagiarism is just a copy-paste away, and unpaid royalties leave creators empty-handed. With content being shared - [DOJ to Investigate President Javier Milei Over LIBRA Token Fraud Ties](https://news.shib.io/2025/02/27/doj-to-investigate-president-javier-milei-over-libra-token-fraud-ties/): The U.S. Department of Justice (DOJ) has reportedly begun efforts to investigate President Javier Milei over his promotion of the LIBRA token, along with the alleged involvement of the project’s founders and two Argentine entrepreneurs. The inquiry seeks to determine their roles in the scheme and assess potential fraudulent activity. According to sources cited by Argentine newspaper La Nación, the DOJ initiated its investigation one week after the collapse of the LIBRA memecoin. Reports indicate that the probe is still in its early stages, with authorities beginning to gather preliminary information. The Fraud Section of the DOJ’s Criminal Division, which - [Pump.fun X Account Hacked, Promoted Fake 'PUMP' Token](https://news.shib.io/2025/02/27/pump-fun-x-account-hacked-promoted-fake-pump-token/): The official X account of Pump.fun, the Solana-based token launch platform, has been compromised, with hackers using it to promote a fraudulent governance token called “PUMP.” This breach marks the latest in a series of cybersecurity threats targeting the crypto industry, raising concerns over social media security and investor protection. In a February 26 X post, Alon Cohen, co-founder of Pump.fun, confirmed that the platform’s official X account has been threatened. Cohen further urged users to refrain from engaging with it.  Blockchain investigator ZachXBT also cautioned users to avoid the page and refrain from clicking on any links it shared. - [Bank of America Stablecoin Set to Launch Amid Looming US Crypto Regulations](https://news.shib.io/2025/02/27/bank-of-america-stablecoin-set-to-launch-amid-looming-us-crypto-regulations/): Bank of America (BofA) CEO Brian Moynihan has revealed that the banking giant is ready to introduce its own stablecoin once the U.S. establishes a clear regulatory framework for digital assets. Speaking at The Economic Club of Washington, D.C. on Tuesday, Moynihan stated in an interview with businessman and philanthropist David Rubenstein that the launch of a “Bank of America Coin” is only a matter of time, contingent on the passage of pending legislation. “It’s pretty clear that there’s going to be a stablecoin, which is going to be fully dollar-backed,” said Moynihan, referencing the ongoing legislative discussions on Capitol - [Secure Decentralized Identities](https://news.shib.io/2025/02/26/secure-decentralized-identities/): Read the latest edition of The Shib Magazine here. - [Fake GitHub Projects Fuel Crypto Thefts: Kaspersky](https://news.shib.io/2025/02/26/fake-github-projects-fuel-crypto-thefts-kaspersky/): Cryptocurrency wallets are being drained through a network of fake GitHub projects, Kaspersky reports, as a sophisticated malware campaign targets developers with deceptively legitimate-looking code. The malware campaign, dubbed “GitVenom” by the cybersecurity firm Kaspersky, involved the creation of over 200 fraudulent repositories on GitHub, a popular platform for sharing and collaborating on code. These repositories, masquerading as helpful tools for developers, contained malicious code designed to steal cryptocurrency and sensitive information.  The fake projects spanned a range of purported functionalities, including Telegram bots for managing Bitcoin wallets, Instagram automation tools, and even utilities for the video game Valorant. While - [How to Buy Crypto: A Beginner's Guide to Your First Crypto Purchase](https://news.shib.io/2025/02/26/how-to-buy-crypto-a-beginners-guide-to-your-first-crypto-purchase/): Cryptocurrency is no longer just a buzzword — it’s becoming a mainstream financial tool. Learning how to buy crypto is essential as digital currencies like Bitcoin and Ethereum are increasingly used for investing, online purchases, and even sending money across borders with lower fees. Major companies, financial institutions, and even governments are exploring crypto’s potential, fueling its rapid adoption worldwide. Despite its growing popularity, buying cryptocurrency for the first time can feel overwhelming. The process involves choosing a platform, setting up a wallet, and understanding market volatility — all of which may seem complex to beginners. However, the reality is - [Bybit Hack: Investigators Track 11K Wallets Linked to Lazarus Group](https://news.shib.io/2025/02/26/bybit-hack-investigators-track-11k-wallets-linked-to-lazarus-group/): Blockchain analytics firm Elliptic has published a publicly accessible data feed identifying wallet addresses linked to the North Korean hacking group Lazarus, which is suspected of orchestrating the $1.4 billion Bybit hack. In an effort to recover the stolen funds, Bybit, a crypto exchange, has launched a blacklist wallet application programming interface (API) and a bounty program to incentivize tracking the missing assets. Simultaneously, Elliptic released its public data feed with the aim of reducing exposure to sanctioned wallets and preventing the laundering of illicit funds within the crypto community. According to the analytics firm, wallet addresses linked to the - [Sam Bankman-Fried Breaks Silence on X as FTT Surges, Then Falls](https://news.shib.io/2025/02/26/sam-bankman-fried-breaks-silence-on-x-as-ftt-surges-then-falls/): Sam Bankman-Fried, the former CEO of the now-defunct cryptocurrency exchange FTX, has resurfaced on social media, breaking his silence with a post on X — the first since his sentencing. In a February 25 thread on X, he expressed sympathy and solidarity for government employees. “I, too, have not checked my email for the past few (hundred) days,” he wrote. “And I can confirm that being unemployed is a lot less relaxing than it looks.” Sam Bankman-Fried then went on to describe job terminations as one of the most challenging responsibilities, emphasizing that the process is difficult for all parties - [New Dubai Crypto Rules Target Whales and Crack Down on Market Manipulation](https://news.shib.io/2025/02/26/new-dubai-crypto-rules-target-whales-and-crack-down-on-market-manipulation/): Dubai’s Virtual Assets Regulatory Authority (VARA) has announced plans to introduce new regulations that will require crypto businesses to disclose the identities of major token holders, commonly referred to as crypto whales. In an interview with The Standard, Matthew White, CEO of VARA, revealed plans for new Dubai crypto rules that aim to enhance consumer protection as Dubai positions itself as a leading global hub for the growing cryptocurrency sector. The new regulations will require virtual asset service providers to submit detailed reports on ownership structures, aiming to improve market transparency and mitigate the risk of manipulation. According to White, - [Bybit Bounty: CEO Ben Zhou Targets Lazarus for $1.4B Crypto Heist](https://news.shib.io/2025/02/26/bybit-bounty-ceo-ben-zhou-targets-lazarus-for-1-4b-crypto-heist/): Bybit CEO and co-founder Ben Zhou has launched a global bounty program, enlisting the crypto community to help track and recover funds allegedly stolen by the North Korea-linked Lazarus Group. The initiative, supported by a dedicated bounty tracking platform, aims to incentivize users worldwide to assist in intercepting the stolen assets. In a post on X, Zhou unveiled a new online platform and urged the crypto community to join the effort, calling for a “war against Lazarus.” The CEO announced that individuals who successfully freeze illegally transferred funds could earn a 5% reward in cryptocurrency. However, according to the bounty - [Michael Saylor Meets SEC Crypto Task Force to Push for Clear Digital Asset Regulations](https://news.shib.io/2025/02/25/michael-saylor-meets-sec-crypto-task-force-to-push-for-clear-digital-asset-regulations/): Michael Saylor, the founder and chairman of business intelligence company MicroStrategy, has met with the U.S. Securities and Exchange Commission’s newly formed Crypto Task Force to explore regulatory reforms aimed at formalizing digital assets and shaping the future of the crypto market. On February 21, Saylor and SEC officials met to explore regulatory approaches for digital assets. A SEC memorandum reveals that the discussion centered on approaches to addressing issues related to regulation. Under the leadership of Acting Chair Mark Uyeda, the SEC’s task force aims to address the longstanding concerns and demands of the digital assets industry. Both parties - [Digital Ruble Rollout: Russia Introduces Fraud Protection](https://news.shib.io/2025/02/25/digital-ruble-rollout-russia-introduces-fraud-protection/): With the digital ruble on the horizon, Russia’s Central Bank has unveiled a new CBDC anti-fraud system designed to shield citizens and businesses from scams. Local news outlet TASS reported that the measures took effect on February 23, in light of a Central Bank decree issued late last year. Sergei Gavrilov, a member of the Bank of Russia’s National Financial Council, explained that the new measures are designed to secure digital ruble transactions. Under the system, if a financial institution detects signs of fraud, it can pause a CBDC transfer for two days to conduct further verification. “If the bank - [Gen Z and Crypto: Leading the Charge in Digital Money Revolution](https://news.shib.io/2025/02/25/gen-z-and-crypto-leading-the-charge-in-digital-money-revolution/): From digital coins to blockchain booms, cryptocurrencies are reshaping our financial world faster than ever — and Gen Z is leading this revolution. Born into a digital era, this tech-savvy generation isn’t waiting for traditional banks to catch up; instead, they’re crafting a new economy on their own terms.  Embracing the promise of decentralized finance, Gen Z is leveraging social media buzz, innovative tech, and a relentless quest for financial independence to break away from old money norms. In this article, we explore the dynamic factors fueling Gen Z’s rapid crypto adoption, the challenges they face along the way, and - [OKX Settles DOJ Charges, Faces $505M Penalty](https://news.shib.io/2025/02/25/okx-settles-doj-charges-faces-505m-penalty/): Aux Cayes FinTech Co. Ltd, the operator behind global crypto exchange OKX, has admitted to running an unlicensed money transfer service in violation of U.S. anti-money laundering laws. It reportedly agreed to pay over $500 million in fines. Following a probe by the U.S. Department of Justice, the operator resolved the charges by paying $84 million in fines and forfeiting $421 million in fees primarily earned from institutional clients.  In a company blog post, OKX explained that legacy compliance gaps had allowed some U.S. customers to trade on its global platform. However, these users made up only a tiny fraction - [Microsoft Cancels Data Leases, Fueling OpenAI Stargate Pullout Rumors](https://news.shib.io/2025/02/25/microsoft-cancels-data-leases-fueling-openai-stargate-pullout-rumors/): Financial research firm TD Cowen has released a brief report revealing that Microsoft has been canceling data center leases, suggesting the tech giant is grappling with an “oversupply” of capacity. Bloomberg reports that the firm issued its quick take on February 21. “Our channel checks indicate that [Microsoft] has 1) cancelled leases in the U.S. totalling ‘a couple of hundreds [megawatts]’ with at least two private data center operators, 2) has pulled back on the conversion of [statements of qualification] to leases, and 3) has re-allocated a considerable portion of its international spend to the U.S.,” the analysts commented.  TD - [The Shib News Recap: Monday](https://news.shib.io/2025/02/24/the-shib-news-recap-monday-4/): Today’s top stories from The Shib Daily highlight notable progress on NFT regulatory clarity, developments surrounding a recent hack, large movements of Ether (ETH) and Solana (SOL), and alarming trust breaches in the stablecoin market. SEC Investigation of OpenSea Nears Conclusion Devin Finzer, founder of OpenSea, revealed that the SEC will soon wrap up its investigation into the platform. He called this a major win for creators and collectors. This announcement followed the SEC’s dismissal of a lawsuit against Coinbase for being an unregistered securities broker. Industry leaders, including Alon and Ji Kim, praised the decision, suggesting it could lead - [Crypto Success Stories: How Everyday Investors Achieve Financial Freedom](https://news.shib.io/2025/02/24/crypto-success-stories-how-everyday-investors-achieve-financial-freedom/): Remember the legendary story of two pizzas bought for a few Bitcoins? That quirky transaction wasn’t just a foodie anecdote — it was the spark that ignited a movement. Today, everyday people are discovering that digital currencies can be a gateway to transforming their finances, turning small investments into life-changing opportunities. Whether it’s as simple as saving a little extra each month or making bold, informed decisions, crypto is rewriting the rules of personal finance for anyone willing to take the plunge. Digital currencies have come a long way since their experimental beginnings. Initially embraced by tech enthusiasts, these assets - [New Ye Crypto Token Amid Rumored X Admin Rights Sale to Barkmeta](https://news.shib.io/2025/02/24/new-ye-crypto-token-amid-rumored-x-admin-rights-sale-to-barkmeta/): Ye, formerly known as Kanye West, has hinted at launching his own cryptocurrency token amid a series of provocative public statements in which the artist repeatedly called himself a “Nazi.” In a series of now-deleted posts, Ye revealed plans to launch his own token next week — a notable departure from his earlier criticism of projects he claimed exploited fan enthusiasm with empty hype. Reports suggest that Ye’s Yeezy brand will be incorporated into a new initiative aimed at launching a dedicated digital currency for his online platform. Speculation grew that the token could debut on the Binance Smart Chain, - [Rogue Developer Suspected in Infini Neobank's $49.5M Exploit](https://news.shib.io/2025/02/24/rogue-developer-suspected-in-infini-neobanks-49-5m-exploit/): A breach of trust rocks Hong Kong-based stablecoin neobank Infini as a former developer, allegedly retaining administrative access, is suspected of stealing $49.5 million in USDC from the company. Details of the $49.5 Million Exploit The stolen USDC was reportedly converted into DAI and subsequently into Ethereum (ETH) before being moved to an external wallet. This multi-step process is a common tactic used by attackers to obfuscate the trail of stolen funds. The incident underscores the persistent security vulnerabilities that plague the decentralized finance (DeFi) space. In a statement posted on X (formerly Twitter), Infini acknowledged the security compromise, expressing - [Binance Moves Large ETH, SOL Volumes, Sparks Market Jitters](https://news.shib.io/2025/02/24/binance-moves-large-eth-sol-volumes-sparking-market-jitters/): Cryptocurrency exchange giant Binance is transferring significant volumes of Ethereum (ETH) and Solana (SOL) to market maker Wintermute and other destinations, fueling concerns about potential market impacts as both cryptocurrencies experience price declines. Large ETH and SOL Transfers  On-chain data reveals a series of transactions originating from multiple Binance hot wallets. These wallets are sending ETH to addresses associated with Symbolic Capital Partners’ CEX Bridge and Wintermute.  Credit: Arkham Intelligence The transfers, which have taken place over the past several hours, range in size from several hundred to over two thousand ETH per transaction. The cumulative value of these ETH - [SEC Ends Investigation into OpenSea, Boosting NFT Innovation](https://news.shib.io/2025/02/24/sec-ends-investigation-into-opensea-boosting-nft-innovation/): Devin Finzer, the founder of non-fungible tokens (NFT) marketplace OpenSea, has announced that the SEC will soon end its probe into the platform, a move he described as a major win for digital creators and collectors. Finzer informed his followers of the news via a post on X. “Trying to classify NFTs as securities would have been a step backward — one that misinterprets the law and slows innovation,” Finzer wrote.  The OpenSea founder emphasized that creators, regardless of their stature, should have the freedom to innovate without facing undue obstacles. The SEC’s decision to close its investigation was announced - [Canary Capital Takes First Step for HBAR ETF With S-1 Filing](https://news.shib.io/2025/02/24/canary-capital-takes-first-step-for-hbar-etf-with-s-1-filing/): Canary Capital, a digital asset investment firm, has taken a major step toward launching a new ETF by submitting an S-1 registration with the SEC. This would tie the fund to Hedera’s native utility token, HBAR. Senior Bloomberg ETF analyst Eric Balchunas and Fox Business reporter Eleanor Terret noted that the filing stirred significant interest and triggered a wave of speculation across the crypto community. The S-1 submission marks a key initial milestone in launching the HBAR ETF. Next, the firm must complete a 19b-4 filing, which will propose the regulatory changes needed to list the fund on an exchange. - [Bybit Quest to Reclaim $1.4B: Chasing Hack Funds and ETH Rollback](https://news.shib.io/2025/02/24/bybit-quest-to-reclaim-1-3b-chasing-hack-funds-and-eth-rollback/): Bybit CEO Ben Zhou has vowed to pursue every recovery option after a cyberattack linked to the Lazarus Group siphoned over $1.4 billion from the exchange. After a hacker seized an Ethereum cold wallet February 21, Zhou outlined the exchange’s response during an X Spaces session the next day. He explained that their plan involves launching a bounty program, partnering with law enforcement, and consulting with the Ethereum Foundation to find a solution. On-chain security expert ZachXBT revealed that Bybit incurred losses amounting to millions in liquid-staked Ether, Mantle Staked ETH (mETH), and other ERC-20 tokens amid the breach. He - [Beyond the Hype](https://news.shib.io/2025/02/24/beyond-the-hype/): Read the latest edition of The Shib Magazine here. - [ECB Plans Blockchain-Based Payment System for Central Bank Money Transactions](https://news.shib.io/2025/02/21/ecb-plans-blockchain-based-payment-system-for-central-bank-money-transactions/): The European Central Bank (ECB) has revealed plans to develop a blockchain-based payment system that will enable financial institutions to settle transactions using central bank money. This move has been hailed as a pivotal step toward launching a wholesale central bank digital currency (CBDC) and could catalyze the global adoption of blockchain technology. In a press release dated February 20, the ECB’s Governing Council announced an expansion of the initiative to incorporate distributed ledger technology into the settlement process for transactions conducted in central bank money. The rollout will be executed in two stages. Initially, the Eurosystem plans to develop - [SEC Cyber and Emerging Technologies Unit to Tackle Crypto Fraud](https://news.shib.io/2025/02/21/sec-cyber-and-emerging-technologies-unit-to-tackle-crypto-fraud/): The U.S. Securities and Exchange Commission (SEC) has unveiled a dedicated unit aimed at combating crypto fraud and cyber crimes, with a focus on protecting retail investors in emerging technology sectors. A recent press release announced the creation of the Cyber and Emerging Technologies Unit (CETU), led by Laura D’Allaird. The new division, which replaces the Crypto Assets and Cyber Unit, brings together around 30 fraud specialists and attorneys from multiple SEC offices to strengthen enforcement against emerging technology fraud. “Under Laura’s leadership, this new unit will complement the work of the Crypto Task Force led by Commissioner Hester Peirce. - [Buterin Endorses Argentina’s Booming Crypto Scene Amid LIBRA Fallout](https://news.shib.io/2025/02/21/buterin-endorses-argentinas-booming-crypto-scene-amid-libra-fallout/): Ethereum co-founder Vitalik Buterin has proposed that Argentina host Devconnect, a key global event for Ethereum developers. Argentine President Javier Milei responded with enthusiastic support for the idea. Buterin has long expressed admiration for Argentina’s crypto community, describing the nation’s digital landscape as a prime example of blockchain’s practical, real-world applications. “Argentina’s Ethereum community is full of amazing builders, who have already contributed some of the most important software in the Ethereum ecosystem,” he wrote in an X post.  Buterin also called the country a prime example of cryptocurrency’s practical applications. He argues that, for many users, crypto offers more - [Ukraine Denies Blocking Trump’s Truth Social, Says It Was Never Available](https://news.shib.io/2025/02/21/ukraine-denies-blocking-trumps-truth-social-says-it-was-never-available/): Following U.S. President Trump’s controversial remarks about Ukrainian President Volodymyr Zelensky, Ukrainian Ministry of Foreign Affairs spokesperson Heorhii Tykhyi dismissed reports that Trump’s social media platform, Truth Social, is banned in Ukraine. Numerous social media users claimed that they were unable to access Truth Social, encountering a message that read “currently unavailable in your area.” Many speculated that President Zelensky’s government had banned the platform. Tykhyi promptly clarified that reports of Truth Social being blocked in Ukraine were false, stating that the Ukrainian government could not block access to the platform as it had never been made available to users - [Bankman-Fried Pardon Bid Clouded by Mixed Political Donations](https://news.shib.io/2025/02/21/bankman-fried-pardon-bid-clouded-by-mixed-political-donations/): Incarcerated former CEO of the defunct cryptocurrency exchange FTX, Sam Bankman-Fried, has detailed his political donations and expressed optimism about securing a presidential pardon from Donald Trump. In an interview with The New York Sun, Bankman-Fried stated that he donated funds to the Democratic Party during the 2020 election to prevent the party from shifting toward the influence of Senator Bernie Sanders, a Democrat known for his socialist ideology. Before FTX collapsed, he reportedly contributed nearly $40 million to political candidates and PACs in 2022, aiming to shape U.S. government policies on cryptocurrency. Moreover, while he was a free man, - [Bitcoin ETF Outflows Spark Uncertainty, But Long-Term Bullishness Remains](https://news.shib.io/2025/02/20/bitcoin-etf-outflows-spark-uncertainty-but-long-term-bullishness-remains/): Recent Bitcoin ETF outflows are injecting a dose of uncertainty into the cryptocurrency market, signaling a pause in the previously strong bullish momentum as investors grapple with broader economic anxieties. Bitcoin (BTC) closed last week at approximately $96,120, a slight 0.4% decrease from the previous week. While the price remained relatively stable, underlying market sentiment has shifted.  BTC has traded within a narrow range of $94,000 to $100,000 for the past 13 trading days, exhibiting reduced volatility. This consolidation phase reflects overall market uncertainty, largely due to macroeconomic concerns and anticipation surrounding the Federal Reserve’s (FED) and other major central - [SBF $1B Asset Forfeiture: Jets, Political Gifts, Robinhood Shares](https://news.shib.io/2025/02/20/sbf-1b-asset-forfeiture-jets-political-gifts-robinhood-shares/): Court documents from the U.S. District Court for the Southern District of New York have revealed the staggering array of assets forfeited by former FTX CEO Sam Bankman-Fried (SBF), with dozens of pages detailing the extensive property he amassed.  The “Final Order of Forfeiture as to Specific Property,” issued on February 18, outlined several of Bankman-Fried’s assets, notably including $1 billion in property, two private jets, a plethora of political donations, and the largest line item: 55.2 million shares of Robinhood. Following the seizure of Bankman-Fried’s assets by the U.S. Department of Justice, the trading platform Robinhood repurchased the shares - [Baby Doge Owner Announces Jason Derulo Airdrop; ZachXBT Says 'Scam'](https://news.shib.io/2025/02/20/baby-doge-owner-announces-jason-derulo-airdrop-zachxbt-says-scam/): Abel Czupor, the owner and key figure behind the Baby Doge project, has announced a partnership with Jason Derulo for his new cryptocurrency, Jason Derulo Coin. However, blockchain analyst ZachXBT cautions that the move could be another scam. In a post on X, Czupor shared a candid photo with Derulo, praising their “wonderful meeting” and hinting that they had discussed an airdrop of $JASON coins to Baby Doge Coin holders. Following Czupor’s announcement, the crypto community responded swiftly, with blockchain analyst ZachXBT reviving the discussion of Derulo’s prior meme coin project and voicing skepticism about the new initiative. “Jason Derulo - [Coinbase Adds CFTC-Approved Solana, Hedera Futures Amid Legal Tussle](https://news.shib.io/2025/02/20/coinbase-adds-cftc-approved-solana-hedera-futures-amid-legal-tussle/): Coinbase, the leading cryptocurrency exchange, has expanded its U.S. derivatives market by launching futures contracts for Solana (SOL) and Hedera (HBAR). These contracts, regulated by the U.S. Commodity Futures Trading Commission (CFTC), mark a strategic push to integrate digital assets with traditional finance. On February 18, the company unveiled future contracts for SOL and BAR, designed to accommodate a variety of trading strategies. This expansion not only broadens Coinbase’s derivatives portfolio but also underscores the increasing mainstream acceptance of digital assets. Coinbase Derivatives has now expanded its suite to 19 futures contracts approved by the CFTC, featuring major assets like - [Galaxy Digital Denies Rumors of Murad's $20M Secret SPX Token Sale](https://news.shib.io/2025/02/20/galaxy-digital-denies-rumors-of-murads-20m-secret-spx-token-sale/): Galaxy Digital lead researcher, Alex Thorn, refuted reports linking meme coin analyst Murad Mahmudov to a sale of SPX6900 (SPX) tokens to the firm, calling the allegations baseless. According to a screenshot shared to X by a user by the name of Kook, Mahmudov executed an over-the-counter (OTC) sale of his entire SPX token portfolio to sidestep on-chain scrutiny, offloading $20 million worth of SPX tokens for $13 million, with additional claims alleging that Galaxy now controls all of his wallets — including his seed phrase. Soon after the report emerged, Thorn issued a statement dismissing the circulating images as - [The History of Bitcoin: From Cypherpunk Dreams to Global Phenomenon](https://news.shib.io/2025/02/20/the-history-of-bitcoin-from-cypherpunk-dreams-to-global-phenomenon/): Born from the radical vision of cypherpunks, Bitcoin has soared from a niche digital experiment to a global phenomenon, fundamentally redefining the landscape of finance. Understanding the history of Bitcoin provides valuable insights into how a handful of visionary thinkers harnessed cutting-edge cryptographic technology to create a decentralized, secure, and transparent financial network. This evolution spotlights a critical thesis: Bitcoin’s journey embodies the convergence of cypherpunk ideals with revolutionary tech, fundamentally reshaping the way we view and interact with money. This article explores that transformative path, from its underground beginnings to its role as a cornerstone of the global financial - [LIBRA Co-Creator Paid Argentina President's Sister for Support - Claims](https://news.shib.io/2025/02/19/libra-co-creator-paid-argentina-presidents-sister-for-support-claims/): Hayden Davis, co-creator of the LIBRA meme coin and CEO of Kelsier Ventures, has claimed that he paid Karina Milei — sister of Argentine President Javier Milei — to sway the president’s support before the token’s launch. According to CoinDesk, months before the token’s collapse, Davis sent text messages claiming he had “control” over Milei, boasting that he had bought access to the Argentine President’s trusted circle. “I control that n****,” Davis wrote. “I send $$ to his sister and he signs whatever I say and does what I want,” he added.  The report also noted that Michael Padovano, a - [How Blockchain in Supply Chains Enables Transparency and Efficiency](https://news.shib.io/2025/02/19/how-blockchain-in-supply-chains-enables-transparency-and-efficiency/): Imagine a global supply chain where every transaction is as clear as glass – blockchain is making that vision a reality. Blockchain technology is a revolutionary distributed ledger system that records transactions in an immutable, decentralized manner, reducing the need for intermediaries. It offers a secure and transparent method of recording data, which is transforming industries by enhancing trust and efficiency. Transparency and efficiency are crucial in global supply chains, where countless participants—from manufacturers to retailers — must coordinate seamlessly. Clear visibility into every step of a product’s journey not only builds trust among stakeholders but also reduces risks like - [Meteora Co-Founder Ben Chow Resigns Amid Meme Coin Scheme Allegations](https://news.shib.io/2025/02/19/meteora-co-founder-ben-chow-resigns-amid-meme-coin-scheme-allegations/): Ben Chow, co-founder of the Solana-based exchange Meteora, has resigned amid allegations that he secretly managed or received LIBRA tokens. In a post on X, Meow, the pseudonymous co-founder of Meteora and the decentralized finance platform Jupiter, disclosed Chow’s resignation. In the post, Meow emphasized their confidence that no staff at Jupiter or Meteora engaged in insider trading, financial misconduct, or received tokens inappropriately. They also announced that the independent law firm Fenwick & West has been retained to conduct an investigation, with its report scheduled for public release at a later date. Meow further clarified that Meteora had been - [DefiTuna Severs Ties with Kelsier Over $200M Meme Coin Scheme](https://news.shib.io/2025/02/19/defituna-severs-ties-with-kelsier-over-200m-meme-coin-scheme/): Moty Povolotski, founder of the decentralized finance project DefiTuna, has announced that the platform refunded a $30,000 investment and severed ties with investor Kelsier following revelations of his role in market manipulation. In an X thread, Povolotski explained that the decision came after disturbing reports of Kelsier’s involvement in market manipulation tied to $LIBRA, $MELANIA, and the M3M3 meme coin launchpad. He alleged that Kelsier Ventures, together with Meteora and M3M3, orchestrated coordinated meme coin launches on the Solana blockchain, reportedly extracting $200 million in profits at the expense of unsuspecting investors. “I have personally gone the extra mile by - [BitBoy Returns Online After Psych Ward Ordeal Amid Controversy](https://news.shib.io/2025/02/19/bitboy-returns-online-after-psych-ward-ordeal-amid-controversy/): Crypto influencer Ben Armstrong, known as BitBoy, has reappeared after his absence, confirming he had exited a psychiatric facility and hinting at a detailed account of his experience soon. On February 18, Armstrong posted a photo on X showing a black eye and explained that a psych ward had “locked him in” and that he was attacked in his sleep, accounting for the injury. “Made it out early anyway. Some people break. Some don’t,” Armstrong wrote.  Early last week, The Shib Daily reported on Armstrong’s disappearance. The following day, the crypto influencer returned online, stating in a separate X post - [Crypto Whistleblower Hu Lezhi Sends $2M ETH to WikiLeaks on Nano-Chip Claim](https://news.shib.io/2025/02/18/crypto-whistleblower-hu-lezhi-sends-2m-eth-to-wikileaks-on-nano-chip-claim/): A pseudonymous programmer known as Hu Lezhi has sent 711.5 Ether, valued at approximately $2 million, to WikiLeaks, along with an unusual on-chain message alleging that the Chinese military is using nano computer chips to control citizens. “Brain-computer chips have been deployed militarily on a large scale. All military powers are using base stations, radios and nano-brain-computer chips to control all citizens,” Lezhi alleged in a translated on-chain message on February 17 to the nonprofit media platform known for publishing leaked documents. Lezhi’s on-chain messages alleged that Kuande Investment — also known as WizardQuant — has been using brain-computer weapons - [Elon Musk's DOGE Targets SEC: Risking Crypto-Friendly Policies](https://news.shib.io/2025/02/18/elon-musks-doge-targets-sec-risking-crypto-friendly-policies/): Elon Musk’s Department of Government Efficiency (DOGE) has ignited discussions over a potential investigation into the United States Securities and Exchange Commission (SEC) amid sweeping federal government layoffs. On X, the DOGE_SEC account called on the public to share any details regarding the actions of the SEC. “Please DM this account with insights on finding and fixing waste, fraud and abuse relating to the Securities and Exchange Commission,” the account wrote.  This development has led many to speculate that Musk’s department may be planning significant reductions at the SEC. While his push to streamline federal operations has drawn criticism and - [Proposed Russia Crypto Mining Power Plants to Isolate Energy from Grids](https://news.shib.io/2025/02/18/proposed-russia-crypto-mining-power-plants-to-isolate-energy-from-grids/): Aisen Nikolaev, the chief of the State Council Commission on Energy and head of Republic of the Sakha, has proposed building dedicated Russia crypto mining power plants to isolate their heavy energy use from public grids. Russian state news agency TASS reported that the Council’s energy team serves as an advisor to the President’s offices on energy policy matters.  “The State Council Commission on Energy is constantly in dialogue with the Ministry of Energy on this issue. If any region can launch a separate power plant specifically for mining without access to public networks, then such a project could well - [Scammers Pose as the Prince to Launch Fake Saudi Crypto Coin](https://news.shib.io/2025/02/18/scammers-pose-as-the-prince-to-launch-fake-saudi-crypto-coin/): Scammers have launched a counterfeit Saudi crypto coin dubbed the “Official Saudi Arabia meme coin (KSA)” by masquerading as Crown Prince Mohammed bin Salman, capitalizing on the surge in celebrity-endorsed meme coins. On February 17, a now-deleted post from an X account impersonating the crown prince featured the counterfeit Saudi crypto coin. The absence of any official endorsement or verified details on its design and real-world application quickly raised red flags. Soon after the bogus token was unveiled, representatives from the Saudi Law Conference — the verified owners of the affected X account — announced that their account had been - [How Smart Contracts Can Automate Your Path to Financial Freedom](https://news.shib.io/2025/02/18/how-smart-contracts-can-automate-your-path-to-financial-freedom/): Financial freedom is achieved when one attains both financial stability and independence, empowering individuals to make decisions free from monetary constraints. It forms the cornerstone for a life where personal ambitions are realized, unforeseen challenges are managed with resilience, and long-term security is established. In parallel, smart contracts have emerged as a groundbreaking innovation that leverages blockchain technology to automatically execute and enforce contractual terms without reliance on intermediaries.  By streamlining transactions, enhancing transparency, and reducing inefficiencies, these self-executing agreements hold the potential to transform and revolutionize traditional financial systems and accelerate the journey toward financial empowerment. In doing so, - [PlanB Moves Entire BTC to ETFs for Safer Management](https://news.shib.io/2025/02/17/planb-moves-entire-btc-to-etfs-for-safer-management/): Popular Bitcoin analyst PlanB has announced a significant shift in his investment strategy, transferring his self-custodied Bitcoin holdings into spot Bitcoin exchange-traded funds (ETFs) to manage his digital assets like traditional investments. In a February 15 post on X, the Bitcoin analyst detailed his decision to shift his Bitcoin portfolio into spot Bitcoin ETFs. He noted that this change lets him manage his digital assets much like traditional financial assets — comparable to stocks and bonds — while also sparing him the hassle of handling private keys, ultimately giving him greater peace of mind. “I guess I’m not a maxi - [SEC Seeks 28-Day Delay to Review Coinbase Appeal in Crypto Lawsuit](https://news.shib.io/2025/02/17/sec-seeks-28-day-delay-to-review-coinbase-appeal-in-crypto-lawsuit/): The U.S. Securities and Exchange Commission (SEC) has sought an extra 28 days to evaluate the Coinbase appeal, further delaying a resolution in their protracted legal dispute. In a February 14 filing, the SEC noted that the initiatives of its newly established task force might influence and potentially facilitate the resolution of the ongoing district court case as well as any subsequent appellate review. The SEC’s request for an extension comes in response to Coinbase’s petition to appeal. If approved, the new deadline will be pushed to March 14, 2025. In its submission to the U.S. Court of Appeals for - [Tether Engages US Lawmakers on Stablecoin Regulation Overhaul](https://news.shib.io/2025/02/17/tether-engages-us-lawmakers-on-stablecoin-regulation-overhaul/): Tether, the leading stablecoin issuer, is reportedly in talks to collaborate with U.S. Congressional lawmakers to craft comprehensive stablecoin regulations at the federal level. Fox Business’s Eleanor Terrett reports that Tether has engaged in discussions with Representative Bryan Steil, chairman of the House Financial Committee’s Subcommittee on Digital Assets, and Representative French Hill regarding the STABLE Act. Both lawmakers introduced the act on February 6, and their talks with Tether mark a significant step in shaping the conversation around stablecoin oversight. The STABLE Act is a legislative proposal designed to regulate stablecoin issuers operating in the U.S. It would require - [Argentina President Javier Milei Faces Fraud Charges Over LIBRA Scam](https://news.shib.io/2025/02/17/argentina-president-javier-milei-faces-fraud-charges-over-libra-scam/): Argentine President Javier Milei is facing criminal fraud charges and mounting impeachment calls after endorsing the $LIBRA token. The token briefly surged to a $4.5 billion valuation before crashing, development experts describe as a massive insider scam. On February 14, Milei took to X to share the Solana-native Libra (LIBRA) token. In his now-deleted post, the president shared a website and contract address, promoting it as a “private project” dedicated to “encouraging the growth of the Argentine economy.” Saturday saw opposition legal experts weighing the option of initiating impeachment proceedings against the President. Prominent critics, including lawmaker Leandro Santoro, denounced - [BitConnect Scam: Indian Authorities Seize Millions in Crypto](https://news.shib.io/2025/02/17/bitconnect-scam-indian-authorities-seize-millions-in-crypto/): The Enforcement Directorate (ED) in Ahmedabad has confiscated approximately $190 million in cryptocurrency (Rs 1,646 crore) linked to the infamous BitConnect Ponzi scheme. Under the Prevention of Money Laundering Act (PMLA), Indian authorities confiscated these assets as part of its probe into the cryptocurrency platform. It had been accused of misleading numerous depositors by falsely presenting its operations as securities investments, according to local news outlet The Indian Express. During raids on February 11 and 15, Indian officials also confiscated more than $15,000 in cash, an SUV, and various electronic devices. Authorities reported that the confiscated assets were linked to - [Shiba Eternity Gets a Blockchain Boost with Smart Contract Update](https://news.shib.io/2025/02/17/shiba-eternity-gets-a-blockchain-boost-with-smart-contract-update/): The digital card collection of Shiba Eternity gets a blockchain boost, as a new smart contract untangles token IDs for more accurate tracking and smoother trading of NFTs. The upgrade addresses key limitations previously encountered during the game’s Web3 Open Beta, offering clearer distinctions between card types. The update comes in the form of a new NFT smart contract, “Shiba Eternity Official Card Collection v2,” streamlining how players track and trade assets. Untangling Token IDs: Shiba Eternity Separates Foil from Standard The core of the update involves separating foil cards from their standard versions by assigning unique token IDs. Previously, - [SEC Reviews Approving Grayscale Crypto ETFs](https://news.shib.io/2025/02/14/sec-reviews-approving-grayscale-crypto-etfs/): The U.S. Securities and Exchange Commission (SEC) has reportedly taken a step forward in reviewing proposed rule changes that would allow NYSE Arca to list and trade shares of the Grayscale XRP Trust and other Grayscale products. This move suggests a possible shift in the regulator’s stance on digital assets, even as legal uncertainties persist. Bloomberg ETF analyst James Seyffart noted that the SEC’s 45-day review period for the Grayscale XRP Trust will officially begin once the proposal is published in the Federal Register. The acknowledgment was widely expected, especially as Ripple and the SEC continue their legal battle over - [Coinbase Eyes Return to India Amid Regulatory Shift and Security Risks](https://news.shib.io/2025/02/14/coinbase-eyes-return-to-india-amid-regulatory-shift-and-security-risks/): Cryptocurrency exchange Coinbase has reportedly been in discussions with Indian regulators about a potential return to the market after its 2023 exit. This comes as India’s Financial Intelligence Unit (FIU) has softened its stance on offshore crypto exchanges. TechCrunch reported that Coinbase is in discussions with multiple Indian regulatory bodies, including the FIU, a government agency responsible for monitoring financial transactions. Two sources familiar with the situation confirmed these ongoing engagements. Coinbase’s efforts to reenter the Indian market come after a challenging history in the region. If successful, its return would mark more than a year since the exchange ceased - [Crypto Influencer Ben Armstrong Missing Amid Legal Troubles and Feud](https://news.shib.io/2025/02/14/crypto-influencer-ben-armstrong-missing-amid-legal-troubles-and-feud/): Cassandra Wolfe, Director of Marketing and Strategic Partnerships at BitBoy Crypto, has reported that Ben Armstrong, the platform’s founder and well-known crypto influencer, is missing. Wolfe urged anyone with information on his whereabouts to come forward. On February 11, Wolfe posted on X, stating that she had not seen Armstrong since he left his home the previous day. “Everyone is worried sick,” she wrote.  MYC ODD APP, a private investment and trading community platform, responded to Wolfe’s post by sharing a message Armstrong had posted prior to his disappearance. In his statement, Armstrong alleged that the crypto media company Hit - [MOEX Suspends Evening Trading as Russian Markets Rally on Trump Call](https://news.shib.io/2025/02/14/moex-suspends-evening-trading-as-russian-markets-rally-on-trump-call/): Russia’s Moscow Exchange Group (MOEX) has suspended evening trading on the stock market after discovering issues with data transmission. In a February 13 statement, MOEX announced that the evening trading suspension was coordinated with market participants. The decision follows a surge in the Russian ruble and stocks earlier in the day, driven by a phone call between U.S. President Donald Trump and Russian President Vladimir Putin, during which they discussed efforts toward peace in Ukraine. Analysts attribute Thursday’s rally in Russian markets to the discussions between the two presidents and their optimistic remarks about resolving the conflict in Ukraine. The - [Tether CEO Fires Back at J.P. Morgan’s Bitcoin Claims](https://news.shib.io/2025/02/14/tether-ceo-fires-back-at-j-p-morgans-bitcoin-claims/): Paolo Ardoino, CEO of Tether, has criticized J.P. Morgan’s claim that the company may have to sell its Bitcoin (BTC) holdings to comply with proposed U.S. stablecoin regulations, potentially triggering a massive downturn in BTC prices. A report published on February 12 by a team of analysts, led by J.P. Morgan strategist Nikolaos Panigirtzoglou, suggested that proposed U.S. stablecoin regulations could force Tether to liquidate part of its BTC reserves. However, Ardoino swiftly dismissed these assertions. “JPM analysts are salty because they don’t own Bitcoin,” the CEO stated in a post to X.  The recent report from J.P. Morgan suggested - [Shib Games Revolution Begins](https://news.shib.io/2025/02/14/shib-games-revolution-begins/): Read the latest edition of The Shib Magazine here. - [5 Huge Crypto Myths Busted: The Truth Behind the Hype](https://news.shib.io/2025/02/13/5-huge-crypto-myths-busted-the-truth-behind-the-hype/): Cryptocurrency has sparked excitement, curiosity, and skepticism since its rise to mainstream attention. While some see it as the future of finance, others remain wary due to crypto myths and misconceptions. From claims that crypto is only used for illicit activities to the belief that it has no real-world value, misinformation can discourage people from exploring the technology. Let’s break down some of the most common crypto myths, separating fact from fiction to provide a clearer understanding of what digital currencies really are — and what they aren’t. Common Misconceptions About Cryptocurrency Myth 1: Crypto has no value in the - [Fun Ways to Earn Digital Currency in the Crypto Playground](https://news.shib.io/2025/02/13/fun-ways-to-earn-digital-currency-in-the-crypto-playground/): Earning digital assets isn’t just about investing — it can also be fun and rewarding. From playing blockchain-based games to participating in crypto rewards programs, there are many engaging ways to collect digital assets without heavy risk. Whether you’re a gamer, content creator, or just curious about crypto, these methods to earn digital currency let you explore while having fun. It doesn’t have to be boring or complicated. There are plenty of fun and creative ways to collect crypto while enjoying activities you already love. Creative and Fun Ways to Earn Digital Currency Games One of the most popular ways - [Altcoins Explained: Understanding Crypto Beyond Bitcoin](https://news.shib.io/2025/02/13/altcoins-explained-understanding-crypto-beyond-bitcoin/): Altcoins, or alternative coins, refer to all cryptocurrencies other than Bitcoin. Since Bitcoin was the first and remains the most dominant cryptocurrency, any other digital asset is considered an altcoin. These coins were created to improve upon Bitcoin’s technology, offer new features, or serve different use cases. Some altcoins focus on faster transactions and lower fees, like Litecoin, while others, like Ethereum, introduce smart contracts, allowing decentralized applications (dApps) to be built on the blockchain. Stablecoins, such as USDT or USDC, are another category, designed to maintain a stable value by being pegged to assets like the US dollar. Altcoins - [Setting Up a Crypto Wallet and Keeping Coins Safe: A Beginner's Guide](https://news.shib.io/2025/02/13/setting-up-a-crypto-wallet-and-keeping-coins-safe-a-beginners-guide/): In the fast-evolving world of cryptocurrencies, understanding the fundamentals is essential for anyone starting their crypto journey. One of the most crucial aspects for beginners to grasp is the role of a crypto wallet. A crypto wallet is a tool that allows users to store, send, and receive cryptocurrencies securely. Unlike traditional wallets, these don’t store physical currency but instead hold private keys, which grant access to blockchain-based assets. Crypto private keys are unique codes that grant access to digital assets in a cryptocurrency wallet. Acting like a password, they authorize transactions and must be kept secure, as anyone with - [Deepfakes: How AI Trickery Works and How to Spot It](https://news.shib.io/2025/02/13/deepfakes-how-ai-trickery-works-and-how-to-spot-it/): In recent years, the term “deepfake” has gained significant attention, particularly in the realms of media, technology, and privacy. But what exactly are deepfakes, and why have they become such a hot topic? A deepfake is a type of synthetic media created by using artificial intelligence (AI) and machine learning techniques to manipulate or fabricate visual and audio content. Typically, it involves using algorithms — often based on deep learning models like Generative Adversarial Networks (GANs) — to create realistic videos, images, or audio that depict people saying or doing things they never actually did. Once the AI has learned - [Shiboshis Arrive on Shiba Eternity & Agent Shiboshi: Let's Get Those NFTs Imported, Stat!](https://news.shib.io/2025/02/12/shiboshis-arrive-on-shiba-eternity-agent-shiboshi-lets-get-those-nfts-imported-stat/): The Shiboshis are here, they’re pixelated, and they’re ready to rumble on Shiba Eternity and Agent Shiboshi. No time for dilly-dallying, those digital doggos aren’t going to import themselves! We’re diving headfirst into the NFT integration, and this guide is your express pass to getting those precious JPEGs battling ASAP. Let’s GO! The Shiba Inu ecosystem continues to evolve with exciting features for collectors and gamers alike! Just a few days back, the Shib Games team, the crew behind these fun stuff in the ecosystem rolled out a new update for Shiba Eternity and Agent Shiboshi, and it is something - [Hong Kong Allows Bitcoin, Ether as Proof of Wealth for Investment Visa](https://news.shib.io/2025/02/12/hong-kong-allows-bitcoin-ether-as-proof-of-wealth-for-investment-visa/): Hong Kong has reportedly begun accepting cryptocurrency holdings as legitimate proof of assets for investment immigration applications under its New Capital Investment Entrant Scheme. The Hong Kong government now permits applicants to use digital assets, including Bitcoin (BTC) and Ethereum (ETH), to fulfill the HK$30 million (approximately $3.8 million) financial requirement for residency under its new visa program aimed at high-net-worth individuals. A spokesperson for Invest Hong Kong, the government agency responsible for attracting foreign investments, stated that applicants must prove ownership of net assets over a designated period to qualify for the visa. While there are no restrictions on - [Tether Invests in Zengo Wallet, Supports Self-Custody](https://news.shib.io/2025/02/12/tether-invests-in-zengo-wallet-supports-self-custody/): Tether Limited, the issuer of arguably the world’s largest stablecoin, has unveiled a strategic investment in Zengo Wallet, the self-custodial crypto wallet. In a blog post published February 11, Tether revealed that its investment is part of a broader initiative to support self-custody solutions and accelerate the global adoption of stablecoins. Tether’s investment will allow Zengo Wallet to integrate support for its stablecoins across multiple leading blockchains, including Bitcoin, Ethereum, and Toncoin. Zengo Wallet offers a range of advanced features, including integrated payment solutions, cross-chain swap capabilities, and round-the-clock customer support. “Tether is committed to delivering reliable and secure tools - [SEC Exempts Trader PII Amid Rising Cybersecurity Threats](https://news.shib.io/2025/02/12/sec-exempts-trader-pii-amid-rising-cybersecurity-threats/): The U.S. Securities and Exchange Commission (SEC) has granted an exemption allowing certain personally identifiable information (PII) of individual traders to be excluded from reporting requirements under the Consolidated Audit Trail (CAT). In a press release issued February 10, the SEC clarified that the exempted PII includes individuals’ names, residential addresses, and birth years.  The commission explained that this decision stems from growing concerns over increasingly sophisticated bad actors in the crypto space. In the event of a data breach, such individuals could exploit personal information to impersonate customers or broker-dealers, potentially gaining unauthorized access to accounts.  By exempting certain - [Elon Musk’s Harry Bōlz Name Change Triggers Crypto Market Hype](https://news.shib.io/2025/02/12/elon-musks-harry-bolz-name-change-triggers-crypto-market-hype/): Elon Musk, owner and executive chairman of X, changed his display name to Harry Bōlz on Tuesday, triggering a surge in Solana-based meme coins bearing the same name. Blockchain analytics firm Lookonchain reported on X that the price of $HARRYBOLZ surged to $0.025. According to reports, the illiquid HARRYBOLZ token saw a sharp 127% surge against SOL following Musk’s name change. However, CoinMarketCap data shows that the token has since dropped 89.59% at the time of writing. A fortunate investor who purchased $1,900 worth of the token on its launch day capitalized on the recent surge, selling their holdings for - [SEC and Binance Request 60-Day Pause in Legal Battle Over Crypto Rules](https://news.shib.io/2025/02/12/sec-and-binance-request-60-day-pause-in-legal-battle-over-crypto-rules/): The U.S. Securities and Exchange Commission (SEC) and Binance have jointly requested a 60-day pause in their legal battle. This is the first major crypto case to be put on hold since Mark Uyeda became acting SEC chair. A February 10 court filing reveals that the joint motion sought to pause legal proceedings, citing the formation of the SEC’s Crypto Task Force and its potential impact on regulations. “The work of this task force may impact and facilitate the potential resolution of this case,” the motion stated. “As this is a joint motion, there is no prejudice to any party - [CFTC Targets Crypto Fraud in First Major Case Under New Leadership](https://news.shib.io/2025/02/11/cftc-targets-crypto-fraud-in-first-major-case-under-new-leadership/): The U.S. Commodity Futures Trading Commission (CFTC) has filed a consent order against Rashawn Russell, accusing him of defrauding investors through a digital asset trading scheme. On February 10, the CFTC announced that U.S. authorities charged Russel, a New York resident, with fraud for orchestrating a scheme that deceived investors into contributing cryptocurrency to a fictitious fund. The complaint states that Russell misappropriated approximately $1.5 million through the fraudulent scheme, for which he pleaded guilty to wire fraud in the U.S. District Court for the Eastern District of New York. Russell diverted the misappropriated funds for personal expenses, payments to - [Alabama Man Pleads Guilty to SEC Hack That Briefly Spiked Bitcoin](https://news.shib.io/2025/02/11/alabama-man-pleads-guilty-to-sec-hack-that-briefly-spiked-bitcoin/): Eric Council Jr., accused of assisting in the breach of the U.S. Securities and Exchange Commission’s (SEC) X account, has admitted guilt to conspiracy charges involving identity theft and access device fraud. During a February 10 hearing at the U.S. District Court for the District of Columbia, Council admitted his involvement in the SEC hack. U.S. authorities have put forward a plea agreement in response to his admission. Council’s involvement in the cyberattack led to an unauthorized post on the SEC’s X account, falsely announcing the approval of spot Bitcoin (BTC) exchange-traded funds (ETFs) for the first time. According to - [Musk Makes $97.4B Offer to Acquire OpenAI, Clashes With Altman](https://news.shib.io/2025/02/11/musk-makes-97-4b-offer-to-acquire-openai-clashes-with-altman/): Elon Musk, owner and executive chairman of X, and a group of investors have submitted a $97.4 billion bid to acquire the controlling nonprofit entity of OpenAI, challenging the company’s direction and reigniting debates over AI governance. The Wall Street Journal reports that Musk and the investors submitted the multi-billion-dollar bid to OpenAI’s board of directors on February 10 in an effort to acquire the nonprofit entity. Musk’s attorney, Marc Toberoff, confirmed that he submitted the bid seeking to acquire all of the tech company’s assets. Musk’s AI company, xAI, along with private equity firms such as Baron Capital Group - [Grayscale Seeks SEC Approval for First US Spot Cardano ETF](https://news.shib.io/2025/02/11/grayscale-seeks-sec-approval-for-first-us-spot-cardano-etf/): NYSE Arca, a division of the New York Stock Exchange (NYSE) Group, has submitted a filing to list a spot Cardano (ADA) exchange-traded fund (ETF) on behalf of crypto asset manager Grayscale. This marks the first effort to introduce ADA into the U.S. spot ETF market. On February 10, NYSE Arca submitted a proposed rule change to the U.S. Securities and Exchange Commission (SEC) seeking approval to list and trade shares of the Grayscale Cardano Trust. The initiative indicates Grayscale’s ongoing efforts to broaden institutional exposure to digital assets, extending beyond Bitcoin and Ethereum. If approved, the offering would mark - [Tron Facilitated Most Illicit Crypto Transactions in 2024 - Report](https://news.shib.io/2025/02/11/tron-facilitated-most-illicit-crypto-transactions-in-2024-report/): Blockchain platform TRON facilitated the majority of illicit crypto transactions in 2024, including transfers linked to sanctioned entities, according to a report by blockchain analytics firm TRM Labs. The analytics firm released its 2025 crypto crime report on February 10, revealing a 24% year-over-year decline in illicit cryptocurrency transactions, totaling $44.7 billion in 2024. However, the report cautioned that the final estimate for illicit transaction volume in 2024 is expected to surpass the current projection of $44.7 billion. “And may even be above US$75 billion if we carry forward our upward revision for the 2023 figure (US$34.8 billion) so far,” - [Trump Ordered Fed Probe? DOGE Uncovers $100B Waste](https://news.shib.io/2025/02/10/trump-ordered-fed-probe-doge-uncovers-100b-waste/): Radio host Alex Jones has alleged that President Donald Trump directed Elon Musk’s Department of Government Efficiency (DOGE) to launch an investigation into the U.S. Federal Reserve.  In an X broadcast, Jones made this assertion, aligning it with DOGE’s ongoing scrutiny of other government agencies. The host also discussed that since its establishment in 1913, the Federal Reserve has never undergone a full audit, raising questions about the transparency of its operations. While the Fed is subject to audits by the Government Accountability Office (GAO) and external accounting firms, certain aspects of its operations remain off-limits.  Specifically, audits do not - [Pump.fun Denies Token Launch Amid Legal Challenges and Speculation](https://news.shib.io/2025/02/10/pump-fun-denies-token-launch-amid-legal-challenges-and-speculation/): Pump.fun co-founder Alon Cohen has denied rumors that the Solana-based platform has introduced its own meme coin and is preparing for an initial public offering (IPO). On February 9, Cohen took to X to address speculation surrounding the platform, urging users to rely only on official communications. “Seeing rumors about a potential pump fun token – these are wrong,” Cohen wrote.  Cohen reiterated that Pump.fun’s priority over the past year has been refining its platform and rewarding users. He said that the team has focused on enhancing the user experience rather than pursuing other initiatives. Wu Blockchain reported that alongside - [President Touadéra Meme Coin Sparks Hype, Doubts, Deepfake Claims](https://news.shib.io/2025/02/10/president-touadera-meme-coin-sparks-hype-doubts-deepfake-claims/): Central African Republic President Faustin-Archange Touadéra has unveiled a memecoin called $CAR, but questions over its authenticity have surfaced, with skeptics and AI deepfake detectors casting doubt on the legitimacy of the announcement. On February 9, amid the excitement surrounding Super Bowl LIX, Touadéra’s official X account announced the launch of the memecoin. Describing the token as an “experiment,” the post suggested that a simple meme could serve as a unifying force, contribute to national development, and elevate the country’s global presence in an unconventional way.  “As the second president in the world to adopt Bitcoin as legal tender, I - [Musk Demands Engelmayer Impeachment After DOGE Blocked from Treasury](https://news.shib.io/2025/02/10/musk-demands-engelmayer-impeachment-after-doge-blocked-from-treasury/): Elon Musk, leader of the Department of Government Efficiency (DOGE), has demanded the impeachment of New York federal Judge Paul Engelmayer following a ruling that limits Musk and his team’s access to critical U.S. Treasury Department payment systems and confidential data. On Sunday, Musk took to his social network, X, to accuse Judge Engelmayer of being a “corrupt judge” who is shielding corruption. “He needs to be impeached NOW!” Musk added.  According to CNBC, President Donald Trump assigned Musk and his team the mission to identify methods of significantly reduce the federal budget, downsize the federal workforce, and eliminate numerous - [UK Landfill Holding £600M Bitcoin Hard Drive to Close Following Legal Battle](https://news.shib.io/2025/02/10/uk-landfill-holding-600m-bitcoin-hard-drive-to-close-following-legal-battle/): The Newport City Council has announced that the landfill where computer engineer James Howells’ Bitcoin hard drive — containing an estimated £600 million (approximately $750 million) in BTC — was lost is nearing the end of its operational lifespan and is set to close within the next two years. “The landfill has been in exploitation since the early 2000s and is coming to the end of its life, therefore the council is working on a planned closure and capping of the site over the next two years,” a council spokesman said, the BBC reported.  According to Newport City Council documents, - [Deribit Bans Russian Users Amid New EU Sanctions on Crypto](https://news.shib.io/2025/02/07/deribit-bans-russian-users-amid-new-eu-sanctions-on-crypto/): Crypto exchange Deribit has confirmed its departure from the European market, citing European Union (EU) sanctions, and has suspended services in Russia. As reported by TASS, while the exchange operates from Dubai, its Dutch parent company is obligated to adhere to EU economic sanctions, influencing its decision to exit the European market. According to the report, Russian nationals are prohibited from using the crypto exchange’s services, except in cases where they hold dual nationality with a European Economic Area (EEA) member country or Switzerland or have permanent residency in those regions. However, all Russian firms are banned. “Due to EU - [Texas Rep. Al Green Criticizes Trump Meme Coin in Debanking Hearing](https://news.shib.io/2025/02/07/texas-rep-al-green-criticizes-trump-memecoin-in-debanking-hearing/): Texas Representative Al Green has condemned President Donald Trump for promoting a “deregulatory pro-crypto agenda” amid launching a controversial meme coin, calling for his impeachment.  During a February 6 hearing of the House Financial Services Committee’s Oversight and Investigations Subcommittee, Rep. Green questioned the narrative put forth by Republican leaders, who claimed the prior administration had targeted cryptocurrency through U.S. regulatory actions. Rep. Al Green also addressed claims made by certain lawmakers and cryptocurrency executives regarding Operation Choke Point 2.0, which they argued was a strategy by the Biden administration to debank the industry. He dismissed these allegations, calling the - [Franklin Templeton Seeks SEC Approval for Crypto Index ETF](https://news.shib.io/2025/02/07/franklin-templeton-seeks-sec-approval-for-crypto-index-etf/): Asset management firm Franklin Templeton has filed with the U.S. Securities and Exchange Commission (SEC) for a multi-asset crypto exchange traded-fund (ETF), reinforcing its push into digital assets. The move follows a surge in ETF applications after President Trump’s inauguration, as firms anticipate a more favorable regulatory landscape. If granted regulatory approval, the Franklin Crypto Index ETF will enable investors to gain exposure to Bitcoin and Ethereum’s spot prices within a single fund. The ETF, which is set to be listed on the Cboe BZX Exchange, will allocate assets based on each cryptocurrency’s market capitalization. As of the filing date, - [Asia-Pacific Retail Bitcoin Trading Outshines the US, Europe](https://news.shib.io/2025/02/07/asia-pacific-retail-bitcoin-trading-outshines-us-europe/): Asia-Pacific retail Bitcoin trading has emerged as the frontrunner, surpassing the growth seen in the U.S. and Europe, where the market expansion has slowed. Excluding exchange-traded funds and institutional flows, APAC’s retail BTC activity is expanding at a significantly faster rate, emphasizing the region’s growing influence in the global crypto market. A recent study by crypto exchange Gemini, conducted in collaboration with blockchain analytics firm Glassnode, reveals that Bitcoin trading activity aligns with working hours across different regions. The analysis of transaction timestamps indicates a strong correlation between BTC activity and business hours, shedding light on regional trading patterns. Since - [James Howells Turns Lost 8,000 BTC Into Bold New DeFi Token Project](https://news.shib.io/2025/08/06/james-howells-turns-lost-8000-btc-into-bold-new-defi-token-project/): Summary: What is James Howells’ new DeFi token project about? James Howells is creating a DeFi token based on the symbolic value of 8,000 lost Bitcoins buried in a landfill. The token does not represent ownership of the actual coins but serves as a digital proxy. This project aims to build a new ecosystem around the idea of the lost Bitcoin rather than recovering the physical assets. 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. James Howells, the British IT engineer who has become a cautionary tale in crypto circles for throwing - [Ethereum Proposes Unified Fee Market to Simplify Costs — What It Means for Shib](https://news.shib.io/2025/08/06/ethereum-proposes-unified-fee-market-to-simplify-costs-what-it-means-for-shib/): Summary: What is Ethereum’s unified fee market proposal and why does it matter? Ethereum’s proposal aims to simplify transaction fees by allowing users to set a single maximum fee for all transaction components. This change would make fees easier to understand and predict, improving the user experience. It also helps enhance network stability by reducing complexity and preventing excessive gas use. 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Ethereum co-founder Vitalik Buterin and blockchain developer Anders Elowsson have unveiled a proposal aimed at simplifying Ethereum’s transaction fee system amid recent gas - [SEC Rules Certain Liquid Staking Activities Outside Securities Laws](https://news.shib.io/2025/08/06/sec-rules-certain-liquid-staking-activities-outside-securities-laws/): Summary: What did the SEC say about liquid staking? The SEC clarified that certain liquid staking activities do not count as securities offerings. This means participants don’t have to register them under current securities laws. The decision reflects an effort to provide clearer rules for crypto-related activities. 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The U.S. Securities and Exchange Commission (SEC) has clarified that certain cryptocurrency liquid staking activities are not considered securities offerings, signaling a step toward clearer regulatory guidance for the digital asset industry. In an official statement, the - [Gas Fees in Crypto: What They Are and Why You Have to Pay Them](https://news.shib.io/2025/08/06/gas-fees-in-crypto-what-they-are-and-why-you-have-to-pay-them/): Key points: 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. If you’ve ever tried to send crypto or mint an NFT and suddenly got hit with a weird extra charge, congrats, you’ve met gas fees. Despite the name, they have nothing to do with fuel or driving. They’re one of the most confusing and frustrating parts of using crypto, especially when you’re just starting out. In this article, we’ll explain what gas fees are, why they show up when you least expect them, and how they keep blockchains running. No tech jargon. - [7 Blockchain Applications in the Real World That Don’t Involve Crypto](https://news.shib.io/2025/08/05/7-blockchain-applications-in-the-real-world-that-dont-involve-crypto/): Key points: 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Not all blockchains are chasing moonshots or making headlines with wild crypto price swings. When most people hear the word “blockchain,” their brains often jump straight to Bitcoin, Ethereum, and all things crypto, sometimes imagining digital gold rushes or complicated trading charts. But here’s the surprise: blockchain applications extend far beyond just cryptocurrencies.  This powerful technology is quietly transforming industries you might never expect, from tracing your morning coffee’s journey to safeguarding your personal health data.  Without involving a single token or - [Trump’s Executive Order To Penalize Banks For Political or Religious Bias](https://news.shib.io/2025/08/05/trumps-executive-order-to-penalize-banks-for-political-or-religious-bias/): Summary: What is the goal of Trump’s proposed executive order on banking? The draft executive order aims to prevent banks from cutting off customers based on their political or religious beliefs. It directs regulators to investigate whether banks have violated existing laws and penalize them if so. It also seeks to protect access to banking for crypto firms and conservative nonprofits. 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The White House has reportedly begun drafting an executive order that would prohibit banks from cutting ties with customers based on political or - [South Korea Fast-Tracks Tokenized Securities and Stablecoin Laws](https://news.shib.io/2025/08/05/south-korea-fast-tracks-tokenized-securities-and-stablecoin-laws/): Summary: What is South Korea doing to prepare for the future of digital finance? South Korea is introducing new laws to support tokenized securities and regulate stablecoins. These measures include recognizing blockchain for record-keeping and allowing financial institutions to issue digital assets. Banks are also forming dedicated teams and infrastructure to support this shift. 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. South Korea has advanced a landmark tokenized securities law while competing legislative efforts to regulate stablecoins are gaining momentum, signaling a significant shift in the nation’s approach to digital finance. - [CFTC Eyes Spot Crypto Trading — Could SHIB Be Next in Line?](https://news.shib.io/2025/08/05/cftc-eyes-spot-crypto-trading-could-shib-be-next-in-line/): Summary: What is the CFTC doing about spot crypto trading? The CFTC is launching an initiative to regulate spot crypto trading on federally registered exchanges. It aims to apply existing laws to ensure that retail trading involving leverage or margin happens on approved platforms. The agency is also seeking public feedback to help clarify and refine the regulatory framework. 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Commodity Futures Trading Commission (CFTC) Acting Chairman Caroline Pham has unveiled a new initiative aimed at overseeing spot crypto trading of digital asset contracts listed - [North Korean Hackers Hit Crypto Custodian — Is Decentralization the Safer Bet?](https://news.shib.io/2025/08/05/north-korean-hackers-hit-crypto-custodian-is-decentralization-the-safer-bet/): Summary: How did North Korean hackers infiltrate cloud environments to steal crypto? They posed as freelance developers on platforms like Telegram and LinkedIn to trick employees into running malicious software. This gave them access to sensitive credentials and allowed them to breach cloud systems like Google Cloud and AWS.  🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. According to Google Cloud’s H2 2025 Cloud Threat Horizons Report, the company’s Threat Intelligence team is monitoring UNC4899, a North Korea-linked hacking group accused of breaching two organizations after initiating contact with employees through social - [CFTC and SEC Launch Crypto Sprint — New Rules Could Shake Up DeFi](https://news.shib.io/2025/08/04/cftc-and-sec-launch-crypto-sprint-new-rules-could-shake-up-defi/): Summary: What is the goal of the CFTC and SEC’s new crypto sprint? The crypto sprint aims to speed up the creation of clear rules for digital assets. It focuses on defining how crypto fits into current laws, especially around commodities and DeFi. The effort also promotes stronger coordination between the CFTC and SEC to give the market consistent guidance. 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Commodity Futures Trading Commission (CFTC) Acting Chair Caroline Pham has announced the launch of a “crypto sprint” aimed at accelerating the agency’s adoption of - [Bitcoin’s Legendary Satoshi Statue Recovered After Shocking Lake Toss](https://news.shib.io/2025/08/04/bitcoins-legendary-satoshi-statue-recovered-after-shocking-lake-toss/): Summary: What happened to the Satoshi statue in Lugano? The Satoshi Nakamoto statue was stolen from Parco Ciani and thrown into Lake Lugano by unknown individuals. It was later recovered in multiple pieces, with only the welded feet left on the pedestal. The incident sparked public outrage and renewed discussion about Bitcoin’s cultural significance. 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The missing “disappearing” statue of Bitcoin’s elusive creator, Satoshi Nakamoto, has been recovered. Satoshigallery, the art collective behind the installation founded by Italian artist and Bitcoin advocate Valentina Picozzi, confirmed - [Crypto User Loses $908K in Sneaky Phishing Scam — What It Means for SHIB Holders](https://news.shib.io/2025/08/04/crypto-user-loses-908k-in-sneaky-phishing-scam-what-it-means-for-shib-holders/): Summary: What can crypto users learn from this phishing scam? This scam spotlights the importance of regularly reviewing and managing wallet permissions to prevent unauthorized access. Attackers can wait months or even years before exploiting approved permissions. Staying vigilant and using security tools helps protect funds from such delayed attacks. 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. A crypto investor has lost over $908,000 in a sophisticated phishing scheme, nearly 16 months after unknowingly authorizing a malicious smart contract. Web3 security firm Scam Sniffer reported that the victim’s funds were drained - [UK Crypto Regulations Lagging Behind Global Leaders — Impact on SHIB Holders](https://news.shib.io/2025/08/04/uk-crypto-regulations-lagging-behind-global-leaders-impact-on-shib-holders/): Summary: Why are experts concerned about the slow pace of UK crypto regulations? Delays in UK crypto regulations risk pushing innovation and investment to more proactive jurisdictions. Without clear rules, developers and crypto businesses may avoid launching or expanding in the UK. This could leave the country trailing behind in the global digital asset race. 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Former British finance minister George Osborne has warned that without swift reform to UK crypto regulations, the country risks falling behind in the global digital asset race. Osborne criticized - [What Is a Rug Pull and How Do You Spot One Before It’s Too Late](https://news.shib.io/2025/08/04/what-is-a-rug-pull-and-how-do-you-spot-one-before-its-too-late/): Key points: 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Crypto can feel like a wild west, full of opportunity but also plenty of traps. One of the sneakiest tricks in this world is the “rug pull.” Imagine stepping onto a fancy rug, only to have it yanked out from under you. That’s exactly what happens when a project’s creators suddenly vanish with all the money, leaving investors holding nothing but worthless tokens. Rug pulls are a major headache in crypto and decentralized finance (DeFi) because they can wipe out your investment - [YouTube’s New AI Age Estimation Tool Will Block Teens From Some Content](https://news.shib.io/2025/08/01/youtubes-new-ai-age-estimation-tool-will-block-teens-from-some-content/): Summary: What is YouTube’s new AI age estimation tool designed to do? YouTube’s AI age estimation tool is designed to identify users under 18 and apply protections tailored for teens. These include turning off personalized ads, adjusting content recommendations, and activating wellbeing features. The tool also allows users wrongly identified as underage to verify their age using official ID or a credit card. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The popular video-sharing platform YouTube has unveiled plans to introduce new AI-driven age estimation technology designed to identify users under 18 and - [SEC’s Project Crypto: How New Rules Could Change Your Crypto Game](https://news.shib.io/2025/08/01/secs-project-crypto-how-new-rules-could-change-your-crypto-game/): Summary: What is the SEC’s “Project Crypto” and how could it impact the crypto industry? Project Crypto is a new SEC initiative aimed at fostering U.S. leadership in the global crypto space. It proposes regulatory flexibility for early-stage projects, clearer market classifications, and protections for self-custody. The shift signals a more supportive stance from the SEC, moving away from enforcement-first tactics. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins has unveiled “Project Crypto,” a new initiative aimed at guiding the agency’s support for President - [Zama CEO Rand Hindi Criticizes “Insane” KYC Rules, Champions Privacy with FHE](https://news.shib.io/2025/08/01/zama-ceo-rand-hindi-criticizes-insane-kyc-rules-champions-privacy-with-fhe/): Summary: Why does Zama CEO Rand Hindi criticize current KYC rules and how is Zama addressing privacy in the Shiba Inu ecosystem? Rand Hindi calls current KYC requirements “insane” and a major threat to individual privacy, especially after recent data breaches exposed sensitive information. He emphasizes that technologies like Fully Homomorphic Encryption (FHE) and Zero-Knowledge proofs can verify identity without revealing personal data. Through its partnership with Shiba Inu, Zama is integrating FHE to enhance privacy and enable confidential interactions within the ecosystem. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Zama CEO - [Trump Tariff Gambit: How Could It Affect the Crypto Market](https://news.shib.io/2025/08/01/trump-tariff-gambit-how-could-it-affect-the-crypto-market/): Summary: How might Trump’s new tariffs impact the crypto market? The tariffs could raise costs for producing and distributing key crypto hardware like mining equipment due to supply chain disruptions. This may cause price volatility and affect the availability of technology needed for crypto transactions. Additionally, encouraging domestic manufacturing could slow innovation and increase expenses in the short term. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. President Donald Trump has signed an executive order imposing sweeping new tariffs on nearly all imported goods, signaling a hardline return to protectionist trade policy. “Tariffs - [Tech Patents Gone Wild: The Real Projects Companies Are Actually Building](https://news.shib.io/2025/08/01/tech-patents-gone-wild-the-real-projects-companies-are-actually-building/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The line between sci-fi and reality is officially toast — because big tech isn’t just dreaming anymore, they’re building. And thanks to tech patents (yes, the real legal kind), we now have a backstage pass to some of the wildest inventions companies are actually working on. We’re talking brain chips, emotion-reading AI, and Amazon’s patented worker cage-on-wheels — nope, not satire. This article isn’t about what might happen someday. Everything here is backed by filed patents or active projects that real companies, think - [Bolivia Embraces Crypto Amid Currency Crisis — What This Means for SHIB Holders](https://news.shib.io/2025/07/31/bolivia-embraces-crypto-amid-currency-crisis-what-this-means-for-shib-holders/): Summary: What does Bolivia’s partnership with El Salvador mean for crypto adoption? The agreement allows both countries to collaborate on crypto policy and share digital asset tools, aiming to boost financial inclusion. Bolivia, which recently lifted its crypto ban, could benefit from El Salvador’s experience with Bitcoin as legal tender. This move signals a growing openness to using crypto as a reliable alternative to fiat currency. Bolivia has entered into a bilateral agreement with El Salvador to explore the use of cryptocurrency as an alternative to fiat currency, part of a broader effort to modernize its financial infrastructure amid its - [Bo Hines Confirms Strategic Bitcoin Reserve Plans Moving Forward Soon](https://news.shib.io/2025/07/31/bo-hines-confirms-strategic-bitcoin-reserve-plans-moving-forward-soon/): Summary: Are plans for a U.S. strategic Bitcoin reserve still moving forward? Yes, Bo Hines confirmed that the strategic Bitcoin reserve is active and part of the national digital asset strategy. He emphasized Bitcoin’s unique role and said infrastructure building takes time. While details on the amount held remain undisclosed, the government plans to proceed soon. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Bo Hines, Executive Director of the Presidential Council of Advisers for Digital Assets, has confirmed that plans for a U.S. strategic Bitcoin reserve are still in motion, even though - [Zuckerberg Unveils Personal Superintelligence Vision as SHIB Eyes AI Shift](https://news.shib.io/2025/07/31/zuckerberg-unveils-personal-superintelligence-vision-as-shib-eyes-ai-shift/): Summary: What is Mark Zuckerberg’s vision for AI’s future? Mark Zuckerberg envisions AI as “personal superintelligence” that empowers individuals to pursue their own goals. He believes this technology will improve rapidly and be accessible to everyone, unlike centralized AI that automates all work. This approach focuses on individual progress driving prosperity and innovation. Meta CEO Mark Zuckerberg has revealed his vision for the future of artificial intelligence, emphasizing the development of “personal superintelligence” and asserting that significant advancements are closer than anticipated. According to a recent blog post, Zuckerberg noted that the company started observing early signs of its AI - [New Shib Portal Build Rolls Out Ahead of Major Updates](https://news.shib.io/2025/07/31/new-shib-portal-build-rolls-out-ahead-of-major-updates/): 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. A new Shib Portal build is now live—required for all users who want to access the next wave of updates inside Shiba Inu’s evolving metaverse. The Shiba Inu development team has released a fresh build of the project’s existing desktop launcher, signaling the beginning of a critical upgrade cycle. While the Shib Portal itself has long served as the official gateway to Shib: The Metaverse and affiliated games, this new build is mandatory for those seeking to stay aligned with future features and experiences. - [Trump’s Crypto Report Drops — What It Means for SHIB and DeFi Fans](https://news.shib.io/2025/07/31/trumps-crypto-report-drops-what-it-means-for-shib-and-defi-fans/): Summary: What is the main goal of Trump’s crypto report? The report aims to create clear rules for how digital assets are classified and regulated in the U.S. It recommends shared oversight between the SEC and CFTC to avoid confusion. It also supports private stablecoins and urges Congress to block the development of a U.S. CBDC. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. President Donald Trump’s Working Group for digital assets has released its much-anticipated crypto report detailing proposed guidelines for U.S. crypto regulation. The report outlines recommendations across several key areas, - [What Is Tokenomics? A Beginner's Guide to How Crypto Really Works](https://news.shib.io/2025/07/31/what-is-tokenomics-a-beginners-guide-to-how-crypto-really-works/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. If you’ve ever dipped a toe into the wild world of crypto, you’ve probably heard the term tokenomics tossed around like it’s some kind of magic spell. Spoiler alert: it’s not magic — it’s way cooler. Tokenomics is basically the secret sauce, the foundation that shapes how every crypto token works, moves, and yes, holds value. Think of tokenomics as the ultimate rulebook for a crypto token’s behavior. Just like a game needs rules to keep things fair and fun, a token needs - [Power to the Pack](https://news.shib.io/2025/07/31/power-to-the-pack/) - [The Bank of Korea Ramps Up Crypto Push — What It Means for SHIB](https://news.shib.io/2025/07/30/the-bank-of-korea-ramps-up-crypto-push-what-it-means-for-shib/): Summary: Why is the Bank of Korea increasing its focus on digital assets and stablecoins? The Bank of Korea is expanding its teams to build systems for stablecoins and digital currencies. This shift is driven by growing interest from banks and new legislation on stablecoins. It shows the central bank is moving beyond research to actively shaping the digital asset market. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The Bank of Korea has reportedly taken steps to establish a dedicated virtual asset committee to oversee the cryptocurrency market and has refocused its - [Samourai Wallet Founders Flip to Guilty - Is Crypto Privacy Dead?](https://news.shib.io/2025/07/30/samourai-wallet-founders-flip-to-guilty-is-crypto-privacy-dead/): Summary: Why did the Samourai Wallet founders change their plea to guilty? The founders changed their plea after facing serious charges related to operating an unlicensed crypto mixing service linked to illegal transactions. Despite earlier efforts to dismiss the case, legal challenges and withheld guidance from prosecutors likely influenced their decision. This shows the increasing risks for developers of privacy tools under current regulations. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. William Lonergan Hill and Keonne Rodriguez, co-founders of privacy-focused Bitcoin wallet Samourai Wallet, have indicated they wish to enter a change - [Crypto in Your Mortgage? Senate Bill Could Change How Loans Are Approved](https://news.shib.io/2025/07/30/crypto-in-your-mortgage-senate-bill-could-change-how-loans-are-approved/): Summary: What does the Senate bill mean for crypto and mortgages? The bill would require Fannie Mae and Freddie Mac to factor in digital assets when assessing mortgage applications. This means crypto holdings could count toward securing a home loan. It’s a step toward integrating crypto into the traditional financial system. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Nicknamed the “Crypto Queen” on Capitol Hill, Senator Cynthia Lummis has introduced the 21st Century Mortgage Act, a Senate bill that aims to modernize the U.S. mortgage system by requiring government-sponsored enterprises to consider - [SEC Approves Crypto ETP Shake-Up - Bitcoin, Ether In, Cash Out](https://news.shib.io/2025/07/30/sec-approves-crypto-etp-shake-up-bitcoin-ether-in-cash-out/): Summary: What did the SEC change about how a crypto ETP is created and redeemed? The SEC now allows a crypto ETP to use in-kind transactions for share creation and redemption, instead of requiring cash. This change is expected to reduce costs and increase efficiency for both issuers and investors, signaling a step toward deeper integration of crypto into traditional finance. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The U.S. Securities and Exchange Commission (SEC) has approved new orders allowing authorized participants to create and redeem crypto ETP shares using in-kind transactions, - [How the Shib Name Service Helps You Claim and Unlock Your Full Potential](https://news.shib.io/2025/07/30/how-the-shib-name-service-helps-you-claim-and-unlock-your-full-potential/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. “0xCD4C52…” is old and complicated — your name just got an upgrade. The Shib Name Service is here, and it’s putting personality, power, and ownership back into your digital identity. No more strings of nonsense to send or receive crypto — now you can just be you. Or better yet, you can be vault.shib, coffeeshop.shib, or whatever quirky title you want to fly under in the Shiba Inu ecosystem. But the Shib Name Service isn’t just a shortcut for smoother transactions. It’s the - [SEC Delays Trump-Backed Bitcoin ETF and Other Major Crypto Funds Again](https://news.shib.io/2025/07/29/sec-delays-trump-backed-bitcoin-etf-and-other-major-crypto-funds-again/): Summary: Why did the SEC delay the decision on the Truth Social Bitcoin ETF and other crypto funds? The SEC extended its review period to allow more time to evaluate the proposals and address any issues raised. This includes the Truth Social Bitcoin ETF, Grayscale’s Solana Trust, and Canary Capital’s Litecoin ETF. The agency’s cautious approach reflects ongoing efforts to create clear rules for crypto ETFs and ensure proper oversight. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The U.S. Securities and Exchange Commission (SEC) has postponed its ruling on the proposed Truth - [Roman Storm Urges Support as Tornado Cash Trial Nears—What It Means for SHIB](https://news.shib.io/2025/07/29/roman-storm-urges-support-as-tornado-cash-trial-nears-what-it-means-for-shib/): Summary: Why is Roman Storm’s trial important for the future of crypto development? The trial challenges whether creators of decentralized software can be held legally accountable for its misuse. Its outcome could influence how freely developers innovate in the crypto space. A harsh ruling might discourage building privacy and DeFi tools, impacting the entire ecosystem’s growth. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Roman Storm, co-founder of Tornado Cash, has appealed to the public for financial support to fund his legal defense as his trial nears conclusion. In a post on X, - [CoinDCX Denies $1B Coinbase Deal - Why SHIB Holders Should Watch Closely](https://news.shib.io/2025/07/29/coindcx-denies-1b-coinbase-deal-why-shib-holders-should-watch-closely/): Summary: What does the CoinDCX hack have to do with the Coinbase acquisition rumors? The $44 million hack targeting CoinDCX happened just before rumors of a $1B Coinbase acquisition began circulating. While CoinDCX’s CEO denied the deal, the timing raised questions and drew attention to the exchange’s security and future plans. The incident also spotlighted Lazarus Group’s ongoing threat to crypto platforms. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Sumit Gupta, CEO of Indian cryptocurrency exchange CoinDCX, has refuted reports and rumors suggesting that U.S.-based Coinbase is engaged in “advanced talks” to - [Fake Government Agency Used to Run $13M Crypto Ponzi Scheme](https://news.shib.io/2025/07/29/fake-government-agency-used-to-run-13m-crypto-ponzi-scheme/): Summary: What was the fake government agency used in the crypto fraud scheme? Mazzotta and his co-defendant created a fake agency called the Federal Crypto Reserve (FCR). They used it to convince victims to pay more money under the false promise of investigating the very companies that had taken their investments. This tactic helped them continue the scam and defraud victims of over $13 million. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Vincent Anthony Mazzotta, who also used the alias “Vincent Midnight,” has admitted to laundering money and conspiring to obstruct justice - [Lost Keys, Dead Wallets, and Your Crypto Inheritance Plan](https://news.shib.io/2025/07/29/lost-keys-dead-wallets-and-your-crypto-inheritance-plan/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Ever heard the phrase “lost to the crypto graveyard”? It’s no joke—over 20% of all Bitcoin, worth billions of dollars, is estimated to be lost forever because owners misplaced their private keys. That’s right: millions in crypto holdings are just… gone, trapped in digital limbo with no way out. So, here’s a question that might keep you up at night: What happens to your crypto when you die? Does your digital treasure chest vanish with you, or is there a way to pass - [Coinbase Battles Domain Squatter — What SHIB Holders Need to Know](https://news.shib.io/2025/07/28/coinbase-battles-domain-squatter-what-shib-holders-need-to-know/): Summary: Why is Coinbase suing someone over a domain name? Coinbase is suing a man who registered a domain name similar to theirs to mislead users and try to force Coinbase into buying it. This spotlights the growing risks of cybersquatting and online brand misuse in the crypto industry. Protecting brand names is essential to maintaining trust and security for companies and their users. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Coinbase, the California-based cryptocurrency exchange, has filed a lawsuit against a German national, accusing him of cybersquatting by purchasing a domain - [Solana Co-Founder Slams Meme Coins as “Digital Slop” — What About SHIB?](https://news.shib.io/2025/07/28/solana-co-founder-slams-meme-coins-as-digital-slop-what-about-shib/): Summary: Why are Yakovenko’s comments about meme coins controversial? His claim that meme coins and NFTs are just “digital slop” upset many in the crypto space, including key figures like OpenSea’s CMO. Critics argued that meme assets create real community value and innovation. The debate spotlights the divide between skeptics and those building around meme-driven ecosystems like SHIB. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Anatoly Yakovenko, co-founder of Solana Labs, has criticized meme coins and non-fungible tokens (NFTs), stating they lack intrinsic value, a statement that drew significant backlash from the - [Pudgy Penguins Deny OpenSea Deal — What It Means for SHIB Holders](https://news.shib.io/2025/07/28/pudgy-penguins-deny-opensea-deal-what-it-means-for-shib-holders/): Summary: Did Pudgy Penguins buy OpenSea? No, Pudgy Penguins did not acquire OpenSea. Their head of security publicly denied the rumor and urged the community to focus on real partnerships instead. For SHIB holders, this shift in focus spotlights opportunities for projects like Shibarium to attract serious builders looking for long-term value. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Pudgy Penguins, the Ethereum-based Non-Fungible Token (NFT) project known for its collectible digital penguins, has dismissed recent speculation suggesting it acquired the NFT marketplace OpenSea, calling the claims unfounded amid growing social media - [ChatGPT Gave Ritual Advice, Went Off the Rails](https://news.shib.io/2025/07/28/chatgpt-gave-ritual-advice-self-harm-tips-and-said-hail-stan/): Summary: Did ChatGPT really give users advice on rituals and self-harm? According to The Atlantic, ChatGPT gave detailed responses about self-harm and Satanic rituals when prompted. The chatbot allegedly offered instructions, encouragement, and even chants and PDFs related to ritual practices. OpenAI responded by reaffirming its commitment to strengthening safety measures. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Journalists at The Atlantic have reported that ChatGPT, the AI chatbot developed by OpenAI, produced responses that appeared to encourage self-harm, endorse Satanic rituals, and condone murder, raising fresh concerns about the platform’s behavior - [How to Future-Proof Your Digital Identity with Shib Identity](https://news.shib.io/2025/07/28/how-to-future-proof-your-digital-identity-with-shib-identity/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Quantum computing used to sound like something out of a sci-fi movie — blinking machines in secret labs decoding alien languages. But guess what? It’s real, it’s happening, and it could one day crack the digital locks we use every day. Think emails, crypto wallets, even your bank app — all protected by encryption methods like RSA and ECC that have held up for decades. But quantum computers? They don’t play by the old rules. Here’s the twist: while most of the tech - [How to Connect Wallet to the Shiba Inu Ecosystem](https://news.shib.io/2025/07/25/how-to-connect-wallet-to-the-shiba-inu-ecosystem/): 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The official hub for the Shiba Inu ecosystem, shib.io, has rolled out a landmark update, making it easier than ever to interact with both the Ethereum and Shibarium networks. With support for over 15 of the industry’s popular crypto wallets now live, the single point of connection removes previous technical barriers, creating a unified experience for all users. This guide and its accompanying video walkthrough will show you exactly how to connect your preferred wallet to the ecosystem’s main gateway. The Shiba Inu development - [Crypto Kidnappers Out on Bail—What SHIB Holders Should Learn from This](https://news.shib.io/2025/07/25/crypto-kidnappers-out-on-bail-what-shib-holders-should-learn-from-this/): Summary: What are the bail conditions for the alleged crypto kidnappers? The two men accused of kidnapping and torturing a tourist over his Bitcoin were released on $1 million bail each. As part of their conditions, they must wear electronic ankle monitors, surrender their passports, and check in with authorities every 72 hours. Both pleaded not guilty in court. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Two alleged crypto kidnappers accused of abducting and assaulting an Italian tourist in a Manhattan townhouse over his Bitcoin have been released on $1 million bail - [Ripple Labs Co-Founder Dumps $175M XRP—What This Means for SHIB Holders](https://news.shib.io/2025/07/25/ripple-labs-co-founder-dumps-175m-xrp-what-this-means-for-shib-holders/): Summary: Why are Larsen’s XRP transfers raising concerns, and what does it mean for SHIB holders? Larsen’s $175M XRP move has sparked fears about centralization, as he still controls about 4.7% of the token’s supply. Critics worry this kind of power can destabilize markets if misused. For SHIB holders, it spotlights the strength of decentralized control, where token distribution and governance are more transparent and community-driven. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. A wallet linked to Chris Larsen, co-founder of U.S.-based fintech firm Ripple Labs Inc., has transferred 50 million XRP, - [Pump.fun Sued for $5.5B — What It Means for SHIB and Meme Coins](https://news.shib.io/2025/07/25/pump-fun-sued-for-5-5b-what-it-means-for-shib-and-meme-coins/): Summary: How could the Pump.fun lawsuit impact the broader meme coin market? The lawsuit signals tougher regulatory action against meme coin platforms seen as risky or deceptive. SHIB is positioned differently due to its strong ecosystem and community governance. This crackdown may lead to stricter rules for token launches and trading practices across the entire meme coin sector. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Meme coin platform Pump.fun has been hit with an amended class-action lawsuit alleging it operated like a “front-facing slot machine cabinet” and extracted over $5.5 billion from - [Texas Town Says Bitcoin Mining Is Making Them Sick and Miserable](https://news.shib.io/2025/07/25/texas-town-says-bitcoin-mining-is-making-them-sick-and-miserable/): Summary: Why are Granbury, Texas residents upset about the local Bitcoin mining facility? Residents say the nonstop noise from MARA Holdings’ Bitcoin mining site is harming their health and quality of life. They’ve reported headaches, sleep issues, vertigo, and stress tied to the 24/7 noise. Some have even filed a lawsuit, claiming the facility has made their town unlivable. Residents of a small Texas town have reported health issues they say are caused by relentless noise pollution from a Bitcoin mining facility operated by MARA Holdings, one of the largest cryptocurrency mining firms in the U.S. Listen to This Article - [How to DYOR and Avoid Crypto Scams Like a True Shib Army Pro](https://news.shib.io/2025/07/25/how-to-dyor-and-avoid-crypto-scams-like-a-true-shib-army-pro/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Welcome to the pack, Shib Army! If you’re diving into the wild world of crypto, there’s one golden rule you’ve got to live by: DYOR — Do Your Own Research. Seriously, DYOR isn’t just some catchy phrase tossed around on forums; it’s your secret weapon for staying sharp, safe, and scam-free in this fast-moving game. Here at Shiba Inu, we’re all about empowering you on your crypto journey, but remember, we’re not here to give financial advice. Think of us as your guide, - [Edge of Order](https://news.shib.io/2025/07/25/edge-of-order/) - [FTX to Start Next Payouts as $1.9B Claims Cut Frees Up Cash](https://news.shib.io/2025/07/24/ftx-to-start-next-payouts-as-1-9b-claims-cut-frees-up-cash/): Summary: When will FTX begin its next round of payouts to creditors? FTX plans to start its next phase of cash distributions around September 30, 2025, following a court-approved $1.9 billion reduction in disputed claims reserves. Payments will be made to verified creditors who have completed necessary KYC, tax documentation, and registration with approved distribution partners. This marks continued progress in repaying those affected by FTX’s collapse. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. FTX, the now-defunct crypto exchange, has announced it will begin the next phase of cash distributions to its - [Garlinghouse Warns XRP Scams Surge on YouTube — Should SHIB Holders Worry?](https://news.shib.io/2025/07/24/garlinghouse-warns-xrp-scams-surge-on-youtube-should-shib-holders-worry/): Summary: What does the surge in XRP scams reveal about the crypto space? The spike in XRP scams emphasizes how scammers exploit market rallies and social media to deceive users. Fake giveaways, impersonated accounts, and hijacked platforms are common tactics. It’s a reminder that vigilance, verification, and doing your own research are critical for all crypto investors. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Brad Garlinghouse, CEO of Ripple Labs, Inc., has issued a warning to the crypto community regarding a surge in XRP scams following a recent market rally in the - [Trump’s AI Plan Eases Rules and Boosts Tech — What About SHIB?](https://news.shib.io/2025/07/24/trumps-ai-plan-eases-rules-and-boosts-tech-what-about-shib/): Summary: What are the key goals of President Trump’s new AI plan? The plan aims to make the U.S. the global leader in artificial intelligence by easing regulations on data centers and updating federal content guidelines. It focuses on expanding open-source AI development across major sectors like healthcare, law, and education. Additionally, the plan fast-tracks AI infrastructure projects to boost innovation and maintain national security dominance. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. President Donald Trump has unveiled a sweeping proposal to position the United States as the global leader in artificial - [Roman Storm Trial Heats Up as Feds Claim Control Over Tornado Cash](https://news.shib.io/2025/07/24/roman-storm-trial-heats-up-as-feds-claim-control-over-tornado-cash/): Summary: Did Roman Storm have control over funds moved through Tornado Cash? According to IRS Special Agent Stephan George, Roman Storm appeared to exercise control over certain funds linked to Tornado Cash. The claim is based on blockchain transaction analysis and internal communications among the co-founders. This alleged control is now central to the prosecution’s case. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Internal Revenue Service (IRS) Special Agent Stephan George has testified this week that Tornado Cash co-founder Roman Storm exercised control over certain funds linked to the crypto mixing service, - [How to Earn Shiba Inu Karma: Your Guide to Earning XP and Boosting Influence](https://news.shib.io/2025/07/24/how-to-earn-shiba-inu-karma-your-guide-to-earning-xp-and-boosting-influence/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Think of Shiba Inu Karma like gaining XP in your favorite game—except instead of fighting bosses, you’re doing things that actually help the Shiba Inu ecosystem grow. Swapping tokens? That’s XP. Providing liquidity? XP. Supporting the community in real, verifiable ways? You guessed it—more XP. Every helpful action adds to your score. Technically, Karma is an on-chain XP system, which means all your contributions are recorded directly on Shibarium, the blockchain powering the Shiba Inu universe. It’s not just a pat on the - [SEC Approves Bitwise Crypto ETF - Then Slams the Brakes Hours Later](https://news.shib.io/2025/07/23/sec-approves-bitwise-crypto-etf-then-slams-the-brakes-hours-later/): ​​Summary: Why did the SEC pause Bitwise’s crypto ETF after approving it? The SEC placed a hold on Bitwise’s crypto ETF to conduct further review, despite granting initial approval just hours earlier. Analysts suggest the move may be part of a broader strategy to delay crypto ETFs until a clear regulatory framework is established. The pause emphasizes ongoing uncertainty in the SEC’s approach to digital asset products. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The U.S. Securities and Exchange Commission has placed a sudden hold on Bitwise’s crypto index fund conversion into - [Mistrial Looms in Tornado Cash Case](https://news.shib.io/2025/07/23/mistrial-looms-in-tornado-cash-case/): Summary: What could happen if the judge approves Roman Storm’s mistrial motion? If approved, the mistrial would pause and dismiss the current case against Storm. This would reset the legal process, possibly leading to a new trial later. It also spotlights concerns about evidence reliability and could impact how crypto developers innovate without legal risks. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Attorneys for Roman Storm, co-founder of the crypto mixer Tornado Cash, have signaled plans to seek a mistrial after failing to verify that a key witness’s stolen funds ever passed - [Telegram TON Wallet Launches in the US - Is This Big for SHIB Holders Too?](https://news.shib.io/2025/07/23/telegram-ton-wallet-launches-in-the-us-is-this-big-for-shib-holders-too/): Summary: Why does the launch of TON Wallet on Telegram matter for SHIB holders? TON Wallet makes crypto as easy to use as sending a message, and that’s big for SHIB’s community-focused culture. While SHIB isn’t built on TON, the wallet’s U.S. launch boosts accessibility and awareness. It opens new doors for onboarding, DeFi, and expanding SHIB’s presence in everyday digital spaces. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Telegram, the popular cloud-based messaging platform, has launched its native cryptocurrency wallet, TON Wallet, for users in the U.S. This new feature allows - [Microsoft Hit by SharePoint Attacks—Should SHIB Holders Be Worried?](https://news.shib.io/2025/07/23/microsoft-hit-by-sharepoint-attacks-should-shib-holders-be-worried/): Summary: Should Shiba Inu holders be concerned about the recent SharePoint attacks on Microsoft? The SharePoint vulnerabilities affect only on-premises versions and do not impact Microsoft’s cloud services. While not directly related to Shiba Inu or blockchain, the attacks emphasize the importance of strong security across all digital platforms. For Shiba Inu holders, it’s a reminder that protecting the entire tech ecosystem is vital for maintaining trust and growth. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Major tech company Microsoft has released urgent security updates to address multiple zero-day vulnerabilities in its - [Major Reasons Shiba Inu TREAT Is the Final Key to the New Digital Universe](https://news.shib.io/2025/07/23/6-reasons-shiba-inu-treat-is-the-final-key-to-the-shib-ecosystem/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. First came Shiba Inu ($SHIB), the meme that roared. Then came Doge Killer ($LEASH), the rare token with VIP vibes. After that, Bone ShibaSwap ($BONE) entered the chat—governance power in the paws of the people. Then Shibarium changed the game with faster, cheaper transactions. Now comes Shiba Inu Treat ($TREAT)—the final key that connects it all. But don’t let the name mislead you. Shiba Inu Treat isn’t candy. It’s the missing piece in a maturing ecosystem—bringing real rewards, deeper utility, and future-facing tech - [UK Cracks Down on Illegal Crypto ATMs - What It Means for Shib Holders](https://news.shib.io/2025/07/22/uk-cracks-down-on-illegal-crypto-atms-what-it-means-for-shib-holders/): Summary: Why are UK regulators cracking down on crypto ATMs? UK regulators are targeting unregistered crypto ATMs because they often operate outside legal frameworks and pose risks for money laundering. Authorities seized seven illegal machines in London as part of a wider crackdown on unregulated crypto activity. For Shib holders, it’s a reminder to use transparent, on-chain tools like Shibarium and avoid cash-based gateways. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. UK authorities have apprehended two individuals suspected of operating an unlicensed cryptoasset exchange and engaging in money laundering activities. Authorities are - [Trump Media Buys $2B in Bitcoin—Could SHIB Be Next to Surge?](https://news.shib.io/2025/07/22/trump-media-buys-2b-in-bitcoin-could-shib-be-next-to-surge/): Summary: Could Trump Media’s $2B Bitcoin move boost SHIB’s chances in the U.S. market? While SHIB isn’t part of Trump Media’s portfolio, the shift toward pro-crypto policies could benefit altcoins with real infrastructure. A more favorable regulatory climate may lead to wider U.S. exchange support, DeFi integrations, and mainstream adoption for tokens like SHIB. As Bitcoin gains political traction, altcoins with strong ecosystems could ride the momentum. Trump Media and Technology Group (TMTG), the parent company of Truth Social, has disclosed holdings of approximately $2 billion in Bitcoin and related assets, reinforcing its commitment to a Bitcoin-focused treasury strategy outlined - [Lazarus Group Hits CoinDCX for $44M — What It Means for SHIB Users](https://news.shib.io/2025/07/22/lazarus-group-hits-coindcx-for-44m-what-it-means-for-shib-users/): Summary: What does the CoinDCX hack mean for SHIB investors? The $44 million CoinDCX hack, tied to the Lazarus Group, highlights the rising risk of sophisticated attacks on centralized exchanges. SHIB investors—especially in India—are urged to move assets to secure wallets like hardware wallets or those compatible with Shibarium. This event is a clear reminder to prioritize self-custody and remain vigilant as crypto threats evolve. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The $44 million hack, which targeted Indian crypto exchange CoinDCX, has been linked to North Korea’s Lazarus Group. In response - [Grok Shuts Down Crypto Rover Giveaway After Pump-and-Dump Claims](https://news.shib.io/2025/07/22/grok-shuts-down-crypto-rover-giveaway-after-pump-and-dump-claims/): Summary: Why did Grok refuse to pick a winner for Crypto Rover’s giveaway? Grok declined because blockchain investigator ZachXBT found evidence linking Crypto Rover to pump-and-dump schemes. The chatbot prioritized community safety over continuing the giveaway. Despite this, Rover has not responded and keeps promoting new giveaways. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. xAI’s AI chatbot Grok has refused to pick a winner for Daan de Rover, known online as Crypto Rover, in a $1,000 Ethereum giveaway, citing blockchain investigator ZachXBT’s findings that link the influencer to alleged pump-and-dump schemes. ZachXBT - [Gas Fees, Wallets, and Bridges! What You Need to Know Before Using Shibarium](https://news.shib.io/2025/07/22/gas-fees-wallets-and-bridges-what-you-need-to-know-before-using-shibarium/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Welcome to the world of Shibarium—the shiny playground in the Shiba Inu universe where all the magic happens faster, cheaper, and cooler than ever before. Think of Shibarium as the secret express lane that keeps the Shiba Inu ecosystem buzzing with energy. It’s a Layer 2 blockchain built on top of Ethereum, designed to speed up transactions and slash those annoying gas fees that sometimes make crypto feel like a luxury ride. Why is it so important? Because Shibarium is where the future - [Bitcoin Podcaster Takes On Crime in UK Reflecting Shiba Inu Community Spirit](https://news.shib.io/2025/07/21/bitcoin-podcaster-takes-on-crime-in-uk-reflecting-shiba-inu-community-spirit/): Summary: Why did Bitcoin podcaster Peter McCormack start a private security initiative in Bedford? McCormack launched the initiative due to growing concerns about public safety and what he sees as inadequate police response. He is personally funding weekly patrols to address rising crime. His actions reflect a broader shift toward community-led protection in the crypto space. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Bitcoin podcaster Peter McCormack has launched a private security initiative in his hometown of Bedford, citing growing concerns over public safety and what he describes as a lack of - [$44M Hack Hits Indian CoinDCX — What It Means for Shibarium Security](https://news.shib.io/2025/07/21/44m-hack-hits-indian-coindcx-what-it-means-for-shibarium-security/): Summary: How did CoinDCX manage the $44 million hack without affecting user funds? CoinDCX quickly isolated the compromised operational wallet, which is separate from customer wallets. The exchange absorbed the loss from its own treasury reserves, keeping user funds safe. They are also working with cybersecurity experts to investigate and recover the stolen assets. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. > CoinDCX, a centralized Indian crypto exchange, has reportedly suffered a hack, with an estimated $44 million drained due to a “sophisticated server breach.” In a July 19 update shared via - [UK to Sell $7B in Seized Bitcoin — Could SHIB Be Caught in the Crossfire?](https://news.shib.io/2025/07/21/uk-to-sell-7b-in-seized-bitcoin-could-shib-be-caught-in-the-crossfire/): Summary: What does the UK’s plan to sell seized Bitcoin mean for the crypto space? The UK is creating a system to liquidate billions in seized Bitcoin, signaling deeper regulatory involvement. While this could shake markets, it also confirms crypto’s growing legitimacy. Shibarium sees this as a moment to lead with decentralized strength and smart innovation. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The UK government has reportedly begun laying the groundwork to liquidate billions of pounds in seized Bitcoin, as the Home Office has developed a centralized system for securely storing - [74-Year-Old Missing in Crypto Kidnapping: What SHIB Holders Should Know](https://news.shib.io/2025/07/21/74-year-old-missing-in-crypto-kidnapping-what-shib-holders-should-know/): Summary: What does Naiping Hou’s crypto kidnapping reveal about the dangers of digital asset ownership? Hou’s case shows that owning crypto isn’t just a digital risk—it can lead to real-world danger. His disappearance, strange messages, and drained savings suggest he was physically targeted for his son’s crypto wealth. It’s a warning for all holders to take both online and offline security seriously. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Naiping Hou, the 74-year-old father of well-known crypto investor Wen Hou, has been reported missing under circumstances his family believes point to a - [LEASH Surges Over 7%, Riding Technical Breakout, Altcoin Wave](https://news.shib.io/2025/07/18/leash-surges-over-7-riding-technical-breakout-altcoin-wave/): 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Doge Killer (LEASH), a token within the Shiba Inu ecosystem, is posting significant gains Friday, fueled by a potent mix of bullish technical signals, a surging broader altcoin market, and sustained interest from major holders, known as whales. The token jumped 7.57% over a 24-hour period, part of a wider 15% weekly gain that saw it outpace Bitcoin. The move appeared to be driven by a confluence of factors, starting with a clear technical breakout. $LEASH: A Textbook Technical Breakout On the charts, the - [Shiba Inu Poised for 135% Gain, Analyst Says, Citing Bullish Pattern](https://news.shib.io/2025/07/18/shiba-inu-poised-for-135-gain-analyst-says-citing-bullish-pattern/): 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. A widely followed crypto analyst is pointing to a classic technical pattern on the Shiba Inu (SHIB) charts that he says could send the price of the popular token soaring more than 135%. The prediction hinges on a “bullish divergence” that suggests downward momentum may be waning, setting the stage for a significant reversal. The analysis came from crypto analyst @JavonTM1, who shared his findings in a post on X on July 11. He presented a detailed price chart for Shiba Inu ($SHIB) and - [Bitcoin, A Macro Hedge, Not Hype, Says Investment Chief](https://news.shib.io/2025/07/18/bitcoin-a-macro-hedge-not-hype-says-investment-chief/): 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Bitcoin is holding firm around $119,000 on Friday morning, but according to a top investment chief, the real story isn’t the daily price tick—it’s the reason. In a new analysis, a former senior investor at Goldman Sachs and BlackRock argues that Bitcoin’s role as a macro hedge is fundamentally reshaping institutional crypto investment, moving it firmly out of the realm of retail speculation and into the playbook of global finance. The analysis came earlier in the week from Javier Rodriguez-Alarcon, the Chief Investment Officer - [Pakistan and El Salvador Team Up on Crypto: What It Means for Shibarium’s Future](https://news.shib.io/2025/07/18/pakistan-and-el-salvador-team-up-on-crypto-what-it-means-for-shibariums-future/): ​​Summary: What does the Pakistan and El Salvador crypto partnership mean for the future of digital assets? The partnership between Pakistan and El Salvador shows increasing global cooperation on cryptocurrency and regulation. It emphasizes how emerging economies are working together to build secure, regulated crypto markets. This collaboration sets an example for other countries and ecosystems like Shibarium to follow in fostering innovation and clear frameworks. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Pakistan and El Salvador have officially established diplomatic relations with a focus on cryptocurrency collaboration, marking a rare bilateral - [US House Revives Key Crypto Bills — What SHIB Holders Need to Know Next](https://news.shib.io/2025/07/18/us-house-revives-key-crypto-bills-what-shib-holders-need-to-know-next/): Summary: How could the U.S. crypto bills affect SHIB and Shibarium? The new crypto bills aim to bring regulatory clarity to stablecoins and digital assets, which could increase investor confidence. For SHIB holders, that might mean more liquidity and interest in Shibarium’s Layer 2 network. But political opposition and delays could also create uncertainty, so staying informed is key. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. In a pivotal step for U.S. crypto policy, the House of Representatives has approved three major crypto bills aimed at shaping the future of digital asset - [UK Officer Stole $6M Bitcoin in Silk Road 2.0 Case — What It Means for SHIB](https://news.shib.io/2025/07/18/uk-officer-stole-6m-bitcoin-in-silk-road-2-0-case-what-it-means-for-shib/): Summary: What happened in the Silk Road 2.0 case involving ex-NCA officer Paul Chowles? Paul Chowles, a former UK crime investigator, stole 50 Bitcoin during the Silk Road 2.0 probe. He laundered the funds through a crypto mixer and cashed out nearly $757,000. The coins, once worth $73K, are now valued at over $5 million—exposing a major insider breach in a high-profile crypto investigation. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Paul Chowles, a former officer with the UK’s National Crime Agency (NCA), has been sentenced to prison after stealing and concealing - [Wrench Attacks Surge Against Crypto Holders—Can SHIB Army Stay Safe?](https://news.shib.io/2025/07/18/wrench-attacks-surge-against-crypto-holders-can-shib-army-stay-safe/): Summary: Why are wrench attacks becoming a bigger threat to crypto holders in 2025? Wrench attacks are rising alongside crypto prices, especially Bitcoin, which hit new highs in 2025. As the value of digital assets increases, attackers are more motivated to use physical force to gain access. This makes privacy, wallet separation, and offline safety crucial for anyone holding valuable crypto like SHIB. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Blockchain analytics firm Chainalysis has reported that physical assaults on cryptocurrency holders, known as “wrench attacks”, are on track to double compared - [The Shiboshi Club: How NFT Ownership Builds Web3 Identity](https://news.shib.io/2025/07/18/the-shiboshi-club-how-nft-ownership-builds-web3-identity/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. In the world of Web3, identity isn’t just a username and a wallet address—it’s a vibe, a signal, a flex. And if you’re repping a Shiboshi, you’re not just in the club—you are the club. These pixelated pups aren’t your average NFTs. They’re part of the Shiba Inu ecosystem’s identity layer, doubling as profile pictures (PFPs), digital mascots, and social calling cards. But why does that matter? Because in the decentralized future, what you own can help define who you are online. Your - [TIMELINE DISRUPTED](https://news.shib.io/2025/07/17/timeline-disrupted/) - [US Bitcoin Reserve Revealed: Much Less Than Expected — What About SHIB?](https://news.shib.io/2025/07/17/us-bitcoin-reserve-revealed-much-less-than-expected-what-about-shib/): Summary: How much Bitcoin does the U.S. government currently hold, and why does it matter for SHIB? Recent disclosures revealed the U.S. government holds around 29,000 BTC—far less than the previously estimated 200,000. This has sparked concern from crypto advocates like Senator Cynthia Lummis, who called the sell-off a strategic mistake. For the Shiba Inu ecosystem, this shift could create new opportunities for Shibarium and SHIB to gain attention as decentralized alternatives. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Senator Cynthia Lummis, a well-known advocate for cryptocurrency, has responded to recent reports - [U.S. Lawmakers Slam Crypto, Push CBDC as Shiba Inu Defends Web3 Future](https://news.shib.io/2025/07/17/u-s-lawmakers-slam-crypto-push-cbdc-as-shiba-inu-defends-web3-future/): Summary: Why are U.S. lawmakers pushing for a central bank digital currency (CBDC) over cryptocurrencies? U.S. lawmakers argue that cryptocurrencies are risky and often linked to illegal activities, making them unsuitable for a regulated financial system. They believe a government-controlled CBDC would offer more security and oversight. Meanwhile, decentralized communities like Shiba Inu support open, user-driven alternatives that oppose centralized control. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. At a recent House Democrats press conference, several U.S. lawmakers have denounced cryptocurrencies as fraudulent schemes, renewing calls for the development of a central - [Bitcoin Jesus Faces Extradition Over $48M Tax Case — Could SHIB Be Next?](https://news.shib.io/2025/07/17/bitcoin-jesus-faces-extradition-over-48m-tax-case-could-shib-be-next/): Summary: What is Roger Ver’s lawsuit against Spain about? Roger Ver, known as “Bitcoin Jesus,” is suing Spain to stop his extradition to the U.S., where he’s facing over 100 years in prison for alleged tax fraud tied to a $240 million Bitcoin sale. His legal team claims Spain violated international law and his rights by approving the extradition. The case is now in the European Court of Human Rights. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Crypto pioneer Roger Ver, known as “Bitcoin Jesus,” has filed a lawsuit against the Spanish - [Trump Media AI Trademark Could Impact SHIB and Shibarium](https://news.shib.io/2025/07/17/trump-media-ai-trademark-could-impact-shib-and-shibarium/): Summary: What is Trump Media planning with its new AI features for Truth Social? Trump Media is preparing to add AI-powered tools like “Truth Social AI” and “Truth Social AI Search” to enhance user experience on Truth Social. These features aim to improve content discovery and provide reliable, non-woke news across all platforms. This move emphasizes a growing focus on AI integration in social media, which could also influence related crypto communities like Shiba Inu. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Trump Media & Technology Group (TMTG), the parent company behind - [Unlock Shiboshi Power: Traits and Decks to Win in Shiba Eternity](https://news.shib.io/2025/07/17/unlock-shiboshi-power-traits-and-decks-to-win-in-shiba-eternity/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. If you’re stepping into the world of Shiba Eternity, get ready to meet the stars of the show: the Shiboshis! These clever Shiba Inu warriors aren’t just cute faces—they’re the heart and soul of the game. Each Shiboshi comes packed with unique traits that shape how they fight, making every battle a mix of strategy and surprise. In this article, we’ll break down how understanding Shiboshi traits and building smart decks can give you the edge you need to win. Whether you’re a - [How to Build dApps on Shibarium: A Step-by-Step Guide for Developers](https://news.shib.io/2025/07/16/how-to-build-dapps-on-shibarium-a-step-by-step-guide-for-developers/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. If you’ve been curious about how to build dApps on Shibarium, you’re in the right place. Shibarium is a Layer 2 scaling solution crafted specifically for the Shiba Inu ecosystem, designed to boost speed and slash transaction fees without sacrificing security. Think of it as the turbocharger for Ethereum, giving developers the power to create faster, cheaper, and smoother decentralized applications.  What makes Shibarium especially friendly for builders is its full compatibility with the Ethereum Virtual Machine (EVM). This means if you’ve dabbled - [Bitcoin Treasury Strategy: 5 Companies Using BTC Beyond Inflation Hedge](https://news.shib.io/2025/07/16/bitcoin-treasury-strategy-5-companies-using-btc-beyond-inflation-hedge/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Bitcoin started as a quirky digital experiment dreamed up by a mysterious figure known as Satoshi Nakamoto. Fast forward to today, and it’s no longer just a buzzword tossed around in online forums—it’s become a serious player in the world of corporate finance. More companies are now treating Bitcoin as a treasury tool, not just a speculative asset or a hedge against inflation. But what does that really mean? Instead of simply parking cash in Bitcoin to guard against the shrinking value of - [Shib Alpha Layer Block Explorer (Beta) Is Now Live](https://news.shib.io/2025/07/15/shib-alpha-layer-block-explorer-beta-is-now-live/): 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The Shib Alpha Layer Block Explorer comes online—and with it, the Shibarium ecosystem gains its first native tool for watching every transaction, every block, as it happens in real time. Built from scratch for Shiba Inu’s Layer 3 infrastructure, this bespoke explorer reveals the living pulse of the Shib Alpha Layer and marks a pivotal step forward in blockchain transparency. A Custom Explorer for Shib Alpha Layer’s Future Beyond just another interface, the Shib Alpha Layer Block Explorer is a tailored transparency engine designed - [Tornado Cash Trial Sparks Legal Battle — What It Means for Crypto’s Future](https://news.shib.io/2025/07/15/tornado-cash-trial-sparks-legal-battle-what-it-means-for-cryptos-future/): Summary: Why does the Roman Storm trial matter to the future of crypto? Roman Storm’s case isn’t just about one developer—it’s about how governments interpret the act of writing code. If prosecutors succeed in linking open-source tools like Tornado Cash to financial crimes, it could set a precedent that impacts all crypto projects, including decentralized ecosystems like Shibarium. The outcome could redefine how privacy, bridges, and developer accountability are treated in Web3. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Roman Storm, co-founder of the crypto mixing platform Tornado Cash, has challenged the - [800K Users Hit in Betfair-Paddy Power Data Breach — Is Web3 the Fix?](https://news.shib.io/2025/07/15/800k-users-hit-in-betfair-paddy-power-data-breach-is-web3-the-fix/): Summary: What happened in the Betfair and Paddy Power data breach? Up to 800,000 users in Ireland and the UK had limited account details exposed in a data breach involving Betfair and Paddy Power. The compromised information included usernames, email addresses, and IP addresses. While payment data was not affected, users were urged to watch out for phishing attempts. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Ireland-based online gambling giants Betfair and Paddy Power, owned by Flutter Entertainment, have recently revealed that an unauthorized third party accessed limited betting account information of - [Bitcoin Boom Sends DeFi Technologies to New Highs — Is SHIB Next in Line?](https://news.shib.io/2025/07/15/bitcoin-boom-sends-defi-technologies-to-new-highs-is-shib-next-in-line/): Summary: Why is DeFi Technologies gaining attention, and what does it mean for SHIB? DeFi Technologies hit a record $302M AUM for its Bitcoin ETPs, showing strong performance fueled by smart strategy and rising BTC prices. Its success emphasizes a shift toward crypto models that deliver real revenue, not just hype. If Shiba Inu keeps building utility and infrastructure, it could be next to catch institutional eyes. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. DeFi Technologies Inc., a financial technology firm focused on integrating traditional capital markets with decentralized finance (DeFi), has - [What Is a DAO? 5 Ways Doggy DAO Gives the Community Real Power](https://news.shib.io/2025/07/15/what-is-a-dao-5-ways-doggy-dao-gives-the-community-real-power/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. - [Elderly Victim Scammed Out of $803K — Could Crypto Have Stopped It?](https://news.shib.io/2025/07/15/elderly-victim-scammed-out-of-803k-could-crypto-have-stopped-it/): Summary: Could crypto have prevented the scam that stole $803K from an elderly victim? Possibly. The scam relied on forged checks, insider access, and a lack of transparency — weaknesses common in traditional banking. A blockchain-based system like Shibarium, with public ledgers and no middlemen, could have made that kind of fraud far harder to pull off. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Michel Duarte Suarez, a Cuban national, has pleaded guilty to charges stemming from a scheme in which he gained control of the bank account of an elderly victim, - [Grok Hitler Glitch Sparks Outrage — What It Signals for the Shib Army](https://news.shib.io/2025/07/14/grok-hitler-glitch-sparks-outrage-what-it-signals-for-the-shib-army/): Summary: Why did Elon Musk’s Grok chatbot post anti-Semitic content? xAI blamed a recent code update for Grok’s offensive behavior, saying outdated instructions made the bot mirror extremist posts from X. The issue lasted 16 hours before the deprecated code was removed and the system restructured. For the Shiba Inu community, the incident emphasizes why open, decentralized systems with public accountability are vital in the age of AI. Elon Musk’s artificial intelligence firm, xAI, has attributed last week’s anti-Semitic outburst from its Grok chatbot to a recent code update, which caused the bot to generate extremist content for 16 hours. - [Bitcoin Creator Now 11th Richest — Could SHIB Be the Next Crypto Kingmaker?](https://news.shib.io/2025/07/14/bitcoin-creator-now-11th-richest-could-shib-be-the-next-crypto-kingmaker/): Summary: How does Satoshi Nakamoto’s rise to the 11th richest person impact the broader crypto community? Satoshi Nakamoto’s climb emphasizes the potential of decentralized innovation to create immense value. It shows that early belief in bold crypto projects can lead to significant rewards. For the community, it’s a reminder that tokens like SHIB have the power to grow and shape crypto’s future. The anonymous Bitcoin creator, known as Satoshi Nakamoto, has moved closer to joining the ranks of the world’s top 10 richest individuals, now ranking 11th after Bitcoin (BTC) surged to $120,000 on Sunday. Blockchain analytics firm Arkham Intelligence - [What Is a Crypto Airdrop? How It Works in the Shiba Inu Ecosystem](https://news.shib.io/2025/07/14/what-is-a-crypto-airdrop-how-it-works-in-the-shiba-inu-ecosystem/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. So, you’re scrolling through crypto Twitter or hanging out in a Discord server, and someone says, “Did you get the airdrop?” Cue panic. What drop? From where? Did I miss free money? Welcome to the world of the crypto airdrop — where sometimes, yes, tokens really do fall from the digital sky into your wallet.  No parachutes, no airplanes — just blockchain-based generosity. At its core, a crypto airdrop is when a project sends free tokens to users, usually to promote a new - [CZ Hints Coinbase Leaked Trump Stablecoin Story — Shibarium Wins Trust](https://news.shib.io/2025/07/14/cz-hints-coinbase-leaked-trump-stablecoin-story-shibarium-wins-trust/): Summary: Why is the dispute between Coinbase and Binance important for the crypto industry? The clash spotlights how centralized exchanges can face legal challenges and risks that affect users and market trust. It shows the need for more transparent and secure solutions in crypto. Decentralized platforms offer alternatives that can reduce these risks and protect users better. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Binance founder Changpeng “CZ” Zhao has shared a claim on X suggesting that Coinbase was the unnamed source behind a Bloomberg report critical of President Donald Trump’s crypto - [MoonPay Execs Scammed for $250K ETH — Why Shibarium Boosts Crypto Safety](https://news.shib.io/2025/07/14/moonpay-execs-scammed-for-250k-eth-why-shibarium-boosts-crypto-safety/): Summary: How were MoonPay executives tricked into sending $250K in Ethereum? They received a fake email from someone posing as a Trump Inaugural Committee official using a deceptive domain name. Believing it was legitimate, they sent $250,000 in ETH to the scammer’s wallet. The incident emphasizes why trustless, on-chain tools like Shibarium are important for crypto safety. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The U.S. Department of Justice has filed a complaint revealing that two executives from crypto payments firm MoonPay were allegedly duped into sending $250,000 in Ethereum (ETH), believing - [The Meme Coin Market in 2025: Trust, Community, and the End of Hype](https://news.shib.io/2025/07/13/the-meme-coin-market-in-2025-trust-community-and-the-end-of-hype/): 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The meme coin market, once a wild frontier of viral trends and overnight millionaires, has entered a new phase. What began as a playful experiment with coins like Dogecoin has morphed into a $60 billion ecosystem in 2024. Yet, this growth comes with a catch: saturation is reshaping the rules of the game. I’ve watched the pendulum swing from unchecked hype to a more discerning market where trust and community are the new currencies of success. Let’s unpack this evolution and what it means - [SHIB'S STEADFAST HORIZON](https://news.shib.io/2025/07/12/shibs-steadfast-horizon/) - [Crypto Scammer Sentenced to 12 Years in Landmark SIM Swap Scheme](https://news.shib.io/2025/07/11/crypto-scammer-sentenced-to-12-years-in-landmark-sim-swap-scheme/): Summary: What is a SIM swap scheme, and why should SHIB holders care? A SIM swap scheme is when scammers trick a mobile provider into giving them control of a victim’s phone number to access accounts and steal crypto. Nicholas Truglia used this method to steal $24M and was sentenced to 12 years after failing to pay restitution. For SHIB holders using DeFi and bridges on Shibarium, understanding this tactic is key to protecting their assets. Crypto scammer Nicholas Truglia, initially sentenced to just 18 months behind bars for a 2018 SIM swap scheme, has now had his prison term - [OpenAI Faces IRS Heat—Could Its Nonprofit Status Be in Jeopardy?](https://news.shib.io/2025/07/11/openai-faces-irs-heat-could-its-nonprofit-status-be-in-jeopardy/): Summary: Why is The Midas Project accusing OpenAI of breaking tax rules? The Midas Project claims OpenAI abandoned key nonprofit safeguards and allowed conflicts of interest involving its CEO and board. It alleges Sam Altman could personally profit from deals with OpenAI partners like Helion, Retro Bio, and Stripe. These actions, they argue, may violate IRS rules and threaten OpenAI’s nonprofit status. Artificial intelligence (AI) watchdog The Midas Project has lodged a formal complaint with the U.S. Internal Revenue Service (IRS), accusing OpenAI of potential tax violations and raising concerns over CEO Sam Altman’s dual roles, which it claims may - [Reserve Bank of Australia’s Project Acacia Could Reshape Global DeFi Access](https://news.shib.io/2025/07/11/reserve-bank-of-australias-project-acacia-could-reshape-global-defi-access/): Summary: What is the main goal of Australia’s Project Acacia? Project Acacia aims to test how digital money like stablecoins and central bank digital currencies can support tokenized asset markets. It involves banks and fintech firms trying out real and simulated financial transactions. The project seeks to build a regulated blockchain infrastructure that could influence global decentralized finance access. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Project Acacia, a joint initiative by the Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC), has entered its next phase with - [EU Flags Malta’s MiCA Crypto License — Could Shibarium Be Next?](https://news.shib.io/2025/07/11/eu-flags-maltas-mica-crypto-license-could-shibarium-be-next/): Summary: Could MiCA regulations affect crypto projects looking to expand into the EU? Yes, MiCA sets strict authorization standards that apply to all crypto asset service providers operating in the EU. ESMA’s latest review highlights increased scrutiny on risk areas like governance, Web3 tech, and unregulated services. Any project eyeing the European market may face tighter licensing requirements and regulatory oversight. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The European Securities and Markets Authority (ESMA) has published its assessment of Malta’s licensing procedures for crypto asset service providers, identifying key shortcomings in - [Shiba Inu Signals Breakout as Key Metric Turns Bullish](https://news.shib.io/2025/03/24/shiba-inu-signals-breakout-as-key-metric-turns-bullish/): Shiba Inu (SHIB) tightens its grip on the charts, flashing a bullish signal that traders can’t ignore. As volatility coils and a key metric hints at an imminent breakout, the stage is set for SHIB to make its next big move. But, will the market bite? Shiba Inu (SHIB), the vibrant community-driven cryptocurrency that captured the attention of the crypto world, is currently demonstrating resilience and potential for future growth. While ranked within the top 20 crypto assets by market capitalization, SHIB’s current price, belies the intriguing technical setup unfolding on its daily chart. The TradingView chart reveals a fascinating - [5 Reasons Why Web3 for Businesses Is a Game-Changer You Can’t Ignore](https://news.shib.io/2025/03/21/5-reasons-why-web3-for-businesses-is-a-game-changer-you-cant-ignore/): The internet is ever-evolving, and Web3 for businesses is reshaping how digital interactions work. Built on blockchain technology, Web3 offers a more decentralized, secure, and user-controlled alternative to Web2. Unlike Web2, which depends on big tech companies to store and manage data, Web3 empowers users to own their digital assets, identities, and even the platforms they engage with. For businesses, this shift isn’t just a trend — it’s a game-changer. Web3 opens doors to new revenue models, stronger customer relationships, and greater transparency. However, it also brings challenges, from navigating emerging regulations to adapting to decentralized systems. Whether you’re a - [Trump Calls for Clear Stablecoin Regulations to Boost US Crypto](https://news.shib.io/2025/03/21/trump-calls-for-clear-stablecoin-regulations-to-boost-us-crypto/): President Donald Trump has delivered a virtual address at the Digital Asset Summit, urging lawmakers to adopt stringent stablecoin regulations and outlining plans to position the U.S. as a leader in cryptocurrency and financial technologies. President Trump began his speech by asserting that the United States will “dominate crypto” and lead the “next generation of financial technology.” President Trump criticized the previous administration for selling off the federal government’s digital asset holdings instead of maximizing their value.  “I’ve also called on Congress to pass landmark legislation creating simple, common sense rules for stablecoins and market structure. With the right legal - [Bybit Hack: Majority of Stolen $1.4B Can Still Be Tracked](https://news.shib.io/2025/03/21/bybit-hack-majority-of-stolen-1-4b-can-still-be-tracked/): Bybit CEO Ben Zhou has disclosed that 88.87% of the $1.4 billion stolen in the Bybit hack remains traceable. The hack has been linked to North Korea’s Lazarus Group. In a March 20 X post, Zhou disclosed that approximately $550,000 worth of Ethereum (ETH) remains traceable, while 7.59% of the stolen funds have become untraceable and 3.54% have been frozen.  Zhou further stated that 86.29% of the stolen assets — totaling 440,091 ETH, or roughly $1.23 billion — were converted into 12,836 Bitcoin and distributed across 9,117 wallets. According to Zhou, the hackers utilized Bitcoin mixers to obscure the movement - [SEC Confirms PoW Crypto Mining Does Not Involve Securities Trading](https://news.shib.io/2025/03/21/sec-confirms-pow-crypto-mining-does-not-involve-securities-trading/): The U.S. Securities and Exchange Commission’s (SEC) Division of Corporation Finance has shared its perspective on crypto mining activities within proof-of-work (Pow) blockchain networks, aiming to clarify how federal securities laws apply to crypto assets. In a statement issued on March 20, the SEC addressed the role of crypto asset mining within public, permissionless networks. The statement focused on assets that are fundamental to the network’s operation, either through participation in its consensus mechanism or by contributing to its security and functionality. Additionally, the SEC clarified that decentralized PoW networks do not fall under the classification of securities. While the - [Dubai Launches Pilot Project for Real Estate Tokenization](https://news.shib.io/2025/03/21/dubai-launches-pilot-project-for-real-estate-tokenization/): The Dubai Land Department (DLD) has launched a pilot project for real estate tokenization, advancing the use of blockchain in property transactions. The Dubai government launched the pilot phase of the Real Estate Tokenization Project under the Real Estate Innovation Initiative (REES). The project is being carried out in partnership with the Dubai Virtual Assets Regulatory Authority (VARA) and the Dubai Future Foundation (DFF) through Sandbox Dubai. According to a press release from the Dubai government, the DLD will be the first real estate registration authority in the Middle East to implement tokenization for property title deeds thanks to this - [LEASH Heats Up As Scarcity and Whale Power Fuel Price Upswing](https://news.shib.io/2025/03/21/leash-heats-up-as-scarcity-and-whale-power-fuel-price-upswing/): Doge Killer (LEASH), designed for exclusivity, is living up to it, recording gains, as whales continue to accumulate the token, to enjoy premium rewards. The tokens of the Shiba Inu ecosystem showed impressive performance this week as all of them traded in the green zone after a period of market dump. Among these ecosystem tokens is Doge Killer (LEASH), which surged as early as Thursday, recording a 12.08% increase to $154.44. LEASH Token: Scarcity and Supply Dynamics A defining characteristic of LEASH is its scarcity. Unlike its Shiba Inu (SHIB) counterpart, which boasts a massive circulating supply, LEASH has a - [BONE Skyrockets: Price Surges as Trading Volume Soars 392%](https://news.shib.io/2025/03/21/bone-skyrockets-price-surges-as-trading-volume-soars-392/): Bone ShibaSwap (BONE), the governance token of the Shiba Inu ecosystem’s decentralized exchange and the gas fee token of Shibarium, is experiencing a dramatic price surge today, fueled by an explosion in trading volume that underscores a sudden and intense burst of investor interest. While the broader cryptocurrency market has seen mixed results, BONE’s performance stood out this week, prompting closer examination of the potential drivers behind the sudden movement. On Thursday, Bone ShibaSwap recorded a 60.05% price surge to $0.3797. Bone ShibaSwap: Key Metrics and Trading Activity A particularly telling indicator of the intensity of the current market activity - [Decentralized Economy](https://news.shib.io/2025/03/21/decentralized-economy/): Read the latest edition of The Shib Magazine here. - [Shiba Inu Eyes Breakout: Falling Wedge Pattern Hints at Strong Rally](https://news.shib.io/2025/03/21/shiba-inu-eyes-breakout-falling-wedge-pattern-hints-at-strong-rally/): A classic bullish signal is flashing for Shiba Inu, as the cryptocurrency’s price action forms a falling wedge pattern on the daily chart, hinting at a potential breakout from its recent downtrend. Analyst Identifies Bullish Chart Pattern for Shiba Inu, Predicts Breakout Cryptocurrency analyst who uses the handle @ZAYKCharts, posted on X the falling wedge pattern. They said, “$SHIB is breaking out of a falling wedge on the 1D timeframe. Anticipating a strong bullish move.” The falling wedge pattern, a well-known formation in technical analysis, is characterized by two converging trendlines, both sloping downward. The upper trendline typically has a - [Unreleased Eminem Music Sold for Bitcoin, FBI Charges Ex-Engineer](https://news.shib.io/2025/03/21/unreleased-eminem-music-sold-for-bitcoin-fbi-charges-ex-engineer/): Years of unreleased music from rap superstar Eminem, stolen from under the artist’s nose by a former sound engineer, has been sold for Bitcoin on the internet, leading to federal charges, the FBI said Wednesday. Joseph Strange, 46, of Holly, Michigan, faces federal charges of criminal copyright infringement and interstate transportation of stolen goods. Strange worked as a sound engineer at Eminem’s Effigy recording studio in Ferndale, Michigan, from 2007 to 2021, a position that granted him access to password-protected hard drives containing a vast archive of the rapper’s work, both finished and unfinished. Federal prosecutors allege that Strange illicitly - [Shiba Inu Treat Soars: Ecosystem’s Rising Star Rockets Up](https://news.shib.io/2025/03/20/shiba-inu-treat-soars-ecosystems-rising-star-rockets-up/): Shiba Inu Treat ($TREAT) is living up to its name, treating investors to a double-digit price surge as the ecosystem’s rising star gains momentum and captures the attention of the crypto world. Shiba Inu Treat Price Surge: A Closer Look at the Numbers As of early Thursday trading (4:09 a.m. ET), Shiba Inu Treat ($TREAT) was trading at $0.006026, marking a significant 16.20% increase over the preceding 24 hours, according to data from CoinMarketCap. This impressive price performance is further underscored by a substantial rise in trading volume, reaching $5,921,841.  This is a clear indication of heightened investor interest and - [Crypto Scams: Teaching Teens How to Avoid Them](https://news.shib.io/2025/03/20/the-importance-of-teaching-teens-how-to-avoid-crypto-scams/): You know that feeling when you find cash in your pocket you forgot about? Now, picture the exact opposite — checking your crypto wallet and realizing someone just swindled you out of your hard-earned money through crypto scams. Not great, right? Crypto is exploding in popularity, and teens are jumping in faster than ever. Digital coins, NFTs, and blockchain sound like the future — and they are — but they also come with risks. Scammers are lurking in DMs, comment sections, and sketchy websites, waiting to trick people into handing over their funds. The problem? Most young investors don’t get - [Anatoly Yakovenko Apologizes for Controversial 'America Is Back' Ad](https://news.shib.io/2025/03/20/anatoly-yakovenko-apologizes-for-controversial-ad-vows-to-avoid-politics/): Solana Labs CEO Anatoly Yakovenko has addressed the reaction to the company’s “America Is Back – Time to Accelerate” controversial ad campaign, which has sparked debate within the community. In a post on X, he expressed his unease over the company’s recent advertisement, which combined themes of American patriotism and technological innovation with political messaging on gender identity. Describing his reaction, Anatoly Yakovenko stated that the ad was “gnawing at [his] soul.” “I am ashamed I downplayed it instead of just calling it what it is — mean and punching down on a marginalized group,” he wrote. The CEO acknowledged - [Hacker Steals 55 ETH by Exploiting AI Crypto Bot Dashboard](https://news.shib.io/2025/03/20/hacker-steals-55-eth-by-exploiting-ai-crypto-bot-dashboard/): A hacker has infiltrated the dashboard of an AI crypto bot, issuing two commands that have transferred 55.5 Ethereum (ETH), valued at $106,200, from its wallet. The breach has raised concerns about the security of AI-driven financial agents in the cryptocurrency space. On March 18, the maintainer of “aixbt,” a market-focused AI crypto bot, addressed the security breach in a post on X. The user, known as “rxbt” on the platform, clarified that the core system remained unaffected and that the incident was not caused by direct manipulation of the AI itself. “Reiterating that this was not a result of - [Filmmaker Accused of Misusing $11M From Netflix on Crypto, Stocks](https://news.shib.io/2025/03/20/filmmaker-accused-of-misusing-11m-from-netflix-on-crypto-stocks/): The Department of Justice (DOJ) has arrested filmmaker Carl Erik Rinsch, alleging he misused $11 million from Netflix — intended for a sci-fi series — to gamble on stocks and cryptocurrency instead. According to a press release by the U.S. Attorney’s Office for the Southern District of New York, Rinsch was taken into custody on March 18 in West Hollywood, California, following allegations that he defrauded Netflix out of millions intended for a sci-fi series.  Acting U.S. Attorney Matthew Podolsky and FBI New York Field Office Assistant Director Leslie Backschies detailed the charges, which stem from an alleged scheme to - [SEC Drops Ripple Case, Garlinghouse Calls It a Win for Crypto](https://news.shib.io/2025/03/20/sec-drops-ripple-case-brad-garlinghouse-calls-it-a-win-for-crypto/): The U.S. Securities and Exchange Commission (SEC) has officially ended its years-long legal battle with Ripple Labs Inc., marking a significant development in the Ripple case over the sale of XRP. On March 19, Ripple CEO Brad Garlinghouse announced on X that the SEC has decided to drop its appeal in the case against the company, bringing the legal battle closer to an end. “This is it – the moment we’ve been waiting for,” Garlinghouse wrote. “The SEC will drop its appeal – a resounding victory for Ripple, for crypto, every way you look at it. The future is bright. - [SHIB Shows Bullish Technical Setup, Analyst Cites 7x Growth Potential](https://news.shib.io/2025/03/20/shib-shows-bullish-technical-setup-analyst-cites-7x-growth-potential/): A striking pattern is emerging on the Shiba Inu (SHIB) chart, fueling speculation of a significant price rally. One analyst, citing a bullish technical setup, points to the potential for a 7x increase in value. SHIB Triangle Breakout and Double Bottom The analysis, published on TradingView by user “Crypto Tagon,” focuses on the SHIB/USD pairing on the weekly chart. A dominant feature of this chart is a large, multi-year triangle pattern, spanning approximately 3.5 years.  Shiba Inu is currently testing and seemingly rebounding from the lower boundary of this triangle. This test of support coincides with what Crypto Tagon identifies - [Crypto Wallets Drained: Cracked TradingView Software Hides a Costly Secret](https://news.shib.io/2025/03/20/crypto-wallets-drained-cracked-tradingview-software-hides-a-costly-secret/): Cracked TradingView software is draining cryptocurrency wallets right now, as a sophisticated malware campaign sweeps through online forums, leaving a trail of emptied accounts and compromised identities in its wake. Cracked TradingView Downloads Spread Malware, Steal Crypto Malwarebytes, a cybersecurity firm, issued a warning on March 18 about a new malware campaign targeting cryptocurrency traders. The attack uses fraudulent installers for “TradingView Premium Cracked,” promising free access to the charting platform’s paid features. These installers, promoted primarily on Reddit, contain malware that steals personal data and drains cryptocurrency wallets. The campaign employs different malware depending on the user’s operating system. - [104T SHIB Sit in Profit as Shiba Inu Hits 1.5M Holders](https://news.shib.io/2025/03/19/104t-shib-sit-in-profit-as-shiba-inu-hits-1-5m-holders/): The Shib Army is growing. Shiba Inu, the meme-born powerhouse just shattered a new milestone, surpassing 1.5 million holders, a testament to its unwavering community. Meanwhile, 104 trillion SHIB sit comfortably in profit, proving that beyond the memes and moonshot dreams, real value is taking shape. As Shiba Inu continues to evolve, these numbers tell a bigger story—one of resilience, expansion, and increasing relevance in the crypto space. While skeptics once dismissed SHIB as just another speculative frenzy, its ability to maintain a massive holder base suggests something far more enduring. What 1.5 Million Holders Mean for Shiba Inu Data - [US Stablecoin Bill Likely in Two Months - Bo Hines](https://news.shib.io/2025/03/19/us-stablecoin-bill-likely-in-two-months-says-trump-adviser-bo-hines/): Bo Hines, who leads the President’s Council of Advisers on Digital Assets, has indicated that the stablecoin bill is nearing completion and is expected to reach the president’s desk soon. He indicated that the bill will reach President Donald Trump’s desk within the next two months, according to crypto journalist Eleanor Terrett. Speaking at the Digital Asset Summit in New York, Hines emphasized that stablecoin legislation is moving forward, calling it “imminent” in light of recent progress. Hines’ comments follow last week’s approval of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act by the Senate Banking Committee. - [Elon Musk Says US Government Has Computers Creating Money Freely](https://news.shib.io/2025/03/19/elon-musk-says-us-government-has-computers-creating-money-freely/): Elon Musk, who leads the Department of Government Efficiency (DOGE), has claimed that his team has uncovered 14 so-called “magic money computers” within federal agencies — systems he says have the ability to generate and distribute funds with no clear source. During an appearance on Senator Ted Cruz’s podcast Verdict with Ted Cruz, Musk said that multiple federal agencies, including the Treasury, Defense, and Health and Human Services departments, are operating systems capable of generating and distributing funds without a clear source.  According to Elon Musk, these so-called “magic money computers” can issue payments seemingly out of thin air, raising - [Passive Income Through Crypto Staking: Build Financial Freedom](https://news.shib.io/2025/03/19/passive-income-through-crypto-staking-build-financial-freedom/): Earning money while you sleep might sound like a dream, but crypto staking makes it possible. Staking is a way to earn rewards by holding and supporting a blockchain network, similar to earning interest on a savings account. Instead of letting crypto sit idly, staking allows you to lock up your coins to help secure the network, and in return, you receive regular payouts in the form of more crypto. This makes it an attractive passive income option, as it requires little effort beyond the initial setup. Unlike trading, which involves constant monitoring, staking offers consistent earnings without daily market - [Tornado Cash Delisting: Paul Grewal Slams US Treasury for Delay](https://news.shib.io/2025/03/19/paul-grewal-slams-us-treasury-for-delaying-tornado-cash-delisting/): Paul Grewal, Chief Legal Officer of Coinbase, has condemned the U.S. Treasury Department for ignoring a Fifth Circuit ruling that ordered the removal of Tornado Cash from the sanctions list. The dispute has reignited discussions on regulatory oversight and the evolving legal definitions of digital assets and smart contracts. In a post on X, Grewal challenged the government’s reaction to the Fifth Circuit’s ruling, which stated that Tornado Cash’s immutable smart contracts do not meet the criteria for property under U.S. sanctions laws. “Once again they want to ignore Congress’ explicit instructions and substitute [its] own view of the law - [UK to Pilot Blockchain-Based Digital Gilts in Government Test](https://news.shib.io/2025/03/19/uk-to-pilot-blockchain-based-digital-gilts-in-government-test/): The UK government has begun preparations to trial digital gilts, known as DIGIT, using distributed ledger technology (DLT). According to a March 18 Bloomberg report, a newly released policy paper outlines the initiative, which aims to modernize debt management and enhance market accessibility. Financial firms such as Revolut, Stripe, Zilch, and Wise have been invited to participate in the trial, following a meeting led by Chancellor of the Exchequer Rachel Reeves. The project marks a significant step in the UK’s exploration of blockchain technology in the financial sector. The UK Treasury confirmed that its planned digital gilts system will function - [Is DeFi the Future of Financial Independence?](https://news.shib.io/2025/03/18/is-defi-the-future-of-financial-independence/): For years, banks and financial institutions have controlled access to money — deciding who gets loans, charging fees, and limiting financial opportunities. Decentralized Finance (DeFi) is changing that by offering a system where anyone can borrow, lend, trade, and earn interest without relying on banks or middlemen. Built on blockchain technology, DeFi uses smart contracts — self-executing agreements that eliminate the need for traditional financial gatekeepers, giving people more control over their money and greater opportunities for financial independence. In today’s economy, with inflation, job uncertainty, and rising costs, more people are looking for ways to take charge of their - [Microsoft Warns of StilachiRAT Malware Targeting Crypto Wallets](https://news.shib.io/2025/03/18/microsoft-warns-of-stilachirat-malware-targeting-crypto-wallets/): Microsoft has uncovered a remote access trojan (RAT), dubbed StilachiRAT by its team, that can infiltrate 20 different cryptocurrency wallet extensions on the Google Chrome browser. In a March 17 blog post, Microsoft’s Incident Response Team said that it initially identified the StilachiRAT malware in November 2024. The malware is designed to extract sensitive data, including browser-stored credentials, digital wallet details, and clipboard information.  Once deployed, StilachiRAT enables attackers to scan a device’s settings for installed cryptocurrency wallet extensions. The malware targets 20 different wallets, including Bitget Wallet, OKX Wallet, TronLink, and MetaMask, allowing bad actors to extract sensitive financial - [LIBRA Creators Hit With US Class Action Complaint Over Fraud](https://news.shib.io/2025/03/18/libra-meme-coin-creators-hit-with-us-class-action-complaint-over-fraud/): Burwick Law has filed a class action complaint in the Supreme Court of New York against Kelsier Ventures, KIP Protocol, and Meteora, alleging their involvement in the Libra (LIBRA) token scheme, which reportedly defrauded investors. The firm stated in an X post that its complaint, filed on behalf of its client, accuses the defendants of using one-sided liquidity pools to inflate the LIBRA token’s price, misleading investors, and extracting more than $100 million. “We further allege that approximately 85% of supply was withheld at launch, enabling insiders to profit while everyday buyers bore the losses,” Burwick Law wrote.  According to - [North Korea’s Lazarus Group Expands Crypto Holdings After Bybit Hack](https://news.shib.io/2025/03/18/north-koreas-lazarus-group-expands-crypto-holdings-after-bybit-hack/): The Lazarus Group, the North Korea-linked cybercrime organization, has surpassed El Salvador, Bhutan, and Finland in Bitcoin (BTC) holdings after converting stolen assets from the Bybit hack. Blockchain analytics firm Arkham Intelligence reported that the group behind the record-breaking $1.5 billion Bybit hack had converted the stolen Ether (ETH) into 13,518 BTC, valued at approximately $1.12 billion. According to data from Arkham Intelligence, the Lazarus Group also possesses 13,691 ETH, valued at approximately $26.68 million, and 5,022 Binance Coin (BNB), worth around $3.16 million. These assets place North Korea’s holdings above Bhutan’s 10,635 mined Bitcoin and El Salvador’s 6,118 Bitcoin, - [China Central Bank Pushes Artificial Intelligence in Digital Finance](https://news.shib.io/2025/03/18/chinas-central-bank-pushes-artificial-intelligence-in-digital-finance/): The People’s Bank of China (PBOC) has urged banks to integrate artificial intelligence into financial services while ensuring strict data security, emphasizing large-scale machine learning models. According to local reports, the central bank outlined its 2025 financial technology agenda at the PBOC’s annual Technology Work Conference on March 17. It emphasized the need to enhance cybersecurity, strengthen regulatory oversight, and reinforce financial technology infrastructure. The PBOC also cited plans to boost IT capabilities to enhance regulatory functions while implementing advanced automation in financial processes within a controlled framework. Officials from the central bank emphasized that artificial intelligence could strengthen security, - [Bitcoin Steady, But ETF Exodus Grows Amid Macro Jitters](https://news.shib.io/2025/03/17/bitcoin-holds-ground-as-macro-uncertainty-sparks-etf-outflows/): Geopolitical tensions, shifting interest rate expectations, and potential U.S. tariff policies are contributing to market uncertainty and impacting digital asset ETFs, even as Bitcoin shows price resilience, says research analyst. While Bitcoin (BTC) demonstrated relative price stability last week, a complex web of macroeconomic factors is creating significant uncertainty in the broader digital asset market, leading to continued outflows from exchange-traded funds (ETFs). Matteo Greco, Research Analyst at the publicly listed digital asset and fintech investment business Fineqia International (CSE: FNQ), highlighted the key drivers behind this cautious investor sentiment in a short note seen by The Shib Daily. Shifting - [Bitcoin on Apple and Android? Saylor Predicts Big Tech Embrace](https://news.shib.io/2025/03/17/bitcoin-on-apple-and-android-saylor-predicts-big-tech-embrace/): Is Bitcoin about to go mainstream? Strategy founder Michael Saylor thinks so, predicting imminent integration with the world’s biggest tech platforms, paving the way for widespread adoption. The volatile world of cryptocurrency is buzzing with anticipation, fueled by a bold prediction from one of its most prominent advocates. Saylor, the executive chairman of MicroStrategy and a staunch Bitcoin maximalist, foresees a future where tech giants fully integrate Bitcoin into their ecosystems. Saylor’s Vision: Bitcoin in Every Pocket, Bank, and Government In a recent interview with Laura Trump on Fox News, Saylor outlined a sweeping vision for Bitcoin’s future, encompassing widespread - [UK's James Howells Loses Appeal to Recover $660M in Bitcoin](https://news.shib.io/2025/03/17/uks-james-howells-loses-appeal-to-recover-lost-bitcoin-worth-660m/): A UK court has denied computer engineer James Howells’ latest attempt to secure permission to excavate a landfill in Newport, South Wales, for his lost Bitcoin — 8,000 BTC. Howells shared the court’s rejection on X, outlining his next steps following the UK Royal Court of Appeal’s decision. “Appeal request to the Royal Court of Appeal: refused. The Great British Injustice System strikes again,” he wrote.  Howells further indicated that his next course of action will be to file a case with the European Convention on Human Rights (ECHR). Although the ECHR cannot overturn a UK court ruling, a favorable - [WOLF Meme Coin Crashes 99% on Insider Trading Claims](https://news.shib.io/2025/03/17/hayden-davis-wolf-meme-coin-crashes-99-amid-insider-trading-claims/): Hayden Davis, the creator behind the controversial Libra (LIBRA) token, has reportedly introduced a new meme coin, exhibiting similar blockchain patterns that previously signaled potential insider trading before the new coin’s dramatic crash. According to blockchain analytics platform Bubblemaps, the new Solana-based meme coin is called Wolf (WOLF). Reports indicate that Davis created the token amid speculation that Jordan Belfort, the former stockbroker known as the Wolf of Wall Street, was planning to launch his own cryptocurrency. In an X thread, Bubblemaps revealed that the co-creator of the Official Melania (MELANIA) meme coin launched WOLF on March 8, with the - [Kaito AI and Yu Hu X Accounts Hijacked to Spread Fake Alerts](https://news.shib.io/2025/03/17/hackers-hijack-kaito-ai-and-yu-hus-x-accounts-to-spread-fake-alerts/): Kaito AI, an artificial intelligence-driven research platform for crypto and blockchain data, and its founder Yu Hu have been targeted in a social media hack. Attackers took control of the account, falsely claiming that Kaito AI’s wallets had been compromised and warning users that their funds were at risk. In a post on X, the AI company confirmed that both the company and its founder had been hacked, emphasizing that its wallets remained secure and had not been compromised. “We now have regained access to the twitter accounts. Please bare with us as we investigate how this happened. We had - [Amouranth Home Invasion: Suspects Face Charges](https://news.shib.io/2025/03/17/suspects-face-charges-in-home-invasion-of-streamer-amouranths-home/): Four individuals have been charged in connection with the home invasion of popular streamer Kaitlyn Siragusa, known as Amouranth. Siragusa reported that multiple intruders held her at gunpoint, demanding access to her cryptocurrency by forcing her to hand over her private keys. According to Fox 26, Bryan Anthony Salazar Guerrero, Dylan Nesho Campbell, Demarcus Morris Jr., and an unnamed 16-year-old, have been implicated in the case. Morris, Campbell, and Guerrero, face charges of aggravated kidnapping and aggravated robbery with a deadly weapon. Siragusa stated that the intruders, armed with firearms, broke into her home late at night. She reported being - [5 Things Every Teen Should Know About Saving Money in the Digital Age](https://news.shib.io/2025/03/17/5-things-every-teen-should-know-about-saving-money-in-the-digital-age/): Saving money might not seem like a big deal when you’re a teenager, but the habits you build now can shape your financial future. Whether you’re saving up for something fun, like a new phone, or preparing for bigger goals, like college or a car, learning how to manage money early makes life easier down the road. The digital age has changed the way we handle money. Gone are the days of keeping cash in a piggy bank or opening a savings account at a local branch. Now, everything from banking to budgeting happens online, making it easier than ever - [Lazarus Strikes Again: OKX DEX Aggregator Targeted, Service Suspended](https://news.shib.io/2025/03/17/lazarus-strikes-again-okx-dex-aggregator-targeted-service-suspended/): The notorious North Korean hacking group, Lazarus, has reportedly set its sights on another target in the decentralized finance (DeFi) space: the OKX DEX aggregator service. The major cryptocurrency exchange has taken swift action, temporarily suspending the service to implement security upgrades and address vulnerabilities. The decentralized finance (DeFi) world is once again on high alert, as the Lazarus Group, a state-sponsored hacking group from North Korea, has been linked to attempted misuse of OKX’s decentralized exchange (DEX) aggregator service. This incident underscores the persistent threat posed by sophisticated cybercriminals to the rapidly evolving DeFi landscape. Lazarus Group Targets OKX - [Shiba Inu Holds Gains, Analyst Stands by 500% Surge](https://news.shib.io/2025/03/17/shiba-inu-holds-gains-analyst-stands-by-500-surge/): Shiba Inu ($SHIB) refuses to back down. After breaking past key resistance, the dog-themed altcoin holds firm, fueling bullish sentiment as trading volume surges. A crypto analyst isn’t wavering—his 500% breakout target remains intact, signaling that Shiba Inu’s rally may be far from over. The volatile cryptocurrency market never ceases to surprise and Shiba Inu ($SHIB), the self-proclaimed “Dogecoin killer,” is once again making headlines. Crypto analyst Javon Marks, known on the social media platform X as @JavonTM1, reiterated a bullish prediction for the dog-themed altcoin. Shiba Inu Breakout Holds Strong Amid Market Volatility In a recent post on X, - [How NFTs Are Redefining Digital Ownership for the Next Generation](https://news.shib.io/2025/03/14/how-nfts-are-redefining-digital-ownership-for-the-next-generation/): Imagine having full digital ownership of a piece of art, a song, or even a moment in a video game—something uniquely yours that no one else can claim. That’s the promise of NFTs, or non-fungible tokens, which have surged in popularity in recent years. Unlike traditional digital files that can be copied endlessly, NFTs are unique digital assets stored on the blockchain, a type of secure online ledger that verifies authenticity and ownership. This technology has transformed how people think about owning digital items, shifting away from physical possessions to assets that exist purely online. For teens, who have grown - [SEC Weighs XRP’s Commodity Status Amid Talks with Ripple Labs](https://news.shib.io/2025/03/14/sec-weighs-xrps-commodity-status-amid-talks-with-ripple-labs/): The U.S. Securities and Exchange Commission (SEC) has reportedly been considering classifying XRP as a commodity amid ongoing settlement discussions with Ripple Labs, the company behind the digital asset. Fox Business senior correspondent Charles Gasparino revealed in a post on X that discussions between the SEC and Ripple Labs include evaluating whether XRP should remain available for trading and whether its utility aligns more closely with that of a commodity rather than a security. Gasparino stated that sources have pointed to Ethereum (ETH) as a key example in the ongoing discussion over XRP’s classification. According to Gasparino, the creators originally - [North Dakota Securities Department Warns of New Crypto Scam](https://news.shib.io/2025/03/14/north-dakota-securities-department-warns-of-new-crypto-scam/): The North Dakota Securities Department has issued a warning about a new crypto scam in which fraudulent “investment education foundations” lure investors with promises of stock and cryptocurrency education, offering so-called “risk-free” trials and loans. In a statement released by the North Dakota Securities Department, Commissioner Tim Karsky warned that the primary objective of the fraudsters is to convince investors to deposit their own funds into the platform. Additionally, they encourage victims to take out fraudulent loans while collecting excessive commissions. “The rise of fake ‘investment education foundations’ is a concerning trend that preys on investors’ desire to reduce the - [Russian Officials Uncover Illegal Crypto Mining Farm in Orphanage](https://news.shib.io/2025/03/14/russian-officials-uncover-illegal-crypto-mining-farm-in-orphanage/): Russian prosecutors have uncovered an illegal crypto mining operation hidden inside a three-story orphanage in the Siberian village of Kazaqiye. Authorities in Russia’s Irkutsk region have seized 96 cryptocurrency mining rigs in the Bokhansky District, according to a statement from the Irkutsk Oblast Prosecutor’s Office. The operation was reportedly set up by an unnamed non-profit organization, which had installed the equipment inside an orphanage. Although the three-story building remains registered as an educational facility, it is currently not in operation. Prosecutors also found that the organization failed to comply with fire safety and electrical regulations. Required maintenance checks on wiring - [Senate Advances GENIUS Act to Regulate Stablecoins Under New Rules](https://news.shib.io/2025/03/14/senate-advances-genius-act-to-regulate-stablecoins-under-new-rules/): The U.S. Senate Banking Committee has voted 18-6 to advance the GENIUS Act, a key move toward regulating stablecoins and setting clearer standards for digital currencies. Now headed to the full Senate, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act sets out to create federal oversight for stablecoin issuers. A counterpart bill is also under review in the House, and both versions must be aligned before reaching the White House. Senate Banking Committee Chairman Tim Scott described the bill as a significant step forward for innovation. “The GENIUS Act establishes Common Sense rules that require stablecoin issuers - [Shiba Inu Whales Scoop Up Trillions Of SHIB Amid Price Surge](https://news.shib.io/2025/03/14/shiba-inu-whales-scoop-up-trillions-of-shib-amid-price-surge/): After a few days of price slump, Shiba Inu (SHIB) explodes onto the scene as whale wallets aggressively accumulate trillions of tokens, riding a wave of surging prices and igniting bullish sentiment across the crypto community. Massive Whale Accumulation Fuels SHIB Rally: A Bullish Signal? Data from on-chain analytics firm IntoTheBlock reveals a surge of strategic activity among SHIB whales, with a staggering 1.01 trillion SHIB tokens changing hands in just the last 24 hours. This massive movement, encompassing 41 separate transactions, suggests a deliberate and potentially coordinated effort by large holders to acquire significant positions in SHIB. While IntoTheBlock - [BONE, LEASH Get Expanded Accessibility With Latest Development](https://news.shib.io/2025/03/14/bone-leash-get-expanded-accessibility-with-latest-development/): The Shiba Inu ecosystem expands its reach today as key tokens Bone ShibaSwap (BONE) and Doge Killer (LEASH) land on the non-custodial cryptocurrency exchange platform, unlocking instant swaps and potentially transforming access for the SHIB Army. Instant Swaps Unlock Easier Trading for BONE and LEASH Exchang.io’s core offering, instant swap functionality, allows users to trade tokens directly, bypassing the traditional order book system. This streamlined approach eliminates the need to wait for matching buy and sell orders, providing a faster and often more convenient trading experience.  For holders and potential investors in BONE and LEASH, this translates to reduced friction - [CZ Blasts MSM: 'Baseless Hit Pieces' Fueled by Anti-Crypto Agenda](https://news.shib.io/2025/03/14/cz-blasts-msm-baseless-hit-pieces-fueled-by-anti-crypto-agenda/): Binance CEO Changpeng Zhao (CZ) unleashes a furious counterattack against the mainstream media (MSM) on Thursday, accusing news outlets, particularly The Wall Street Journal and Bloomberg, of publishing “baseless hit pieces” driven by a coordinated anti-crypto agenda. The explosive allegations come in response to recent reports suggesting a potential deal between the Trump family and Binance.US, alongside a simultaneous push for a presidential pardon for the Binance founder. CZ Accuses Media of Paid Smear Campaign The controversy erupted following reports in the Wall Street Journal and Bloomberg, which, relying heavily on anonymous sources, claimed that representatives of U.S. President Trump’s - [Blockchain in Healthcare: Revolutionizing Data Management and Patient Care](https://news.shib.io/2025/03/13/blockchain-in-healthcare-revolutionizing-data-management-and-patient-care/): Imagine having instant, secure access to your medical records, fully under your control—yet today’s healthcare system falls short. Patient data is often fragmented across disconnected systems, leading to inefficiencies, errors, and privacy concerns. Data breaches are common, and sharing information between providers remains a challenge, delaying care. Blockchain in healthcare offers a promising solution by providing a secure, transparent, and decentralized way to manage and share patient information, improving efficiency and protecting privacy. Blockchain, a decentralized digital ledger, offers a solution. By securely storing data across a network, it ensures transparency, security, and tamper resistance. In healthcare, blockchain can streamline - [US House Votes to Repeal Controversial IRS DeFi Broker Rule](https://news.shib.io/2025/03/13/us-house-votes-to-repeal-controversial-irs-defi-broker-rule/): The U.S. House of Representatives has approved a bipartisan measure to repeal the IRS DeFi broker rule, which would have required decentralized finance (DeFi) platforms to report user transactions to the Internal Revenue Service (IRS). On Tuesday, the U.S. House of Representatives voted 292-132 in favor of repealing the IRS DeFi broker rule. The opposition largely came from Democratic lawmakers, though 76 Democrats joined Republicans in supporting the repeal. This decision comes after the U.S. Senate approved the repeal on March 4 with a 70-27 vote. It signals broad bipartisan support for overturning the IRS rule on DeFi protocols. If - [North Korea's Lazarus Group Targets Crypto Developers with Malware](https://news.shib.io/2025/03/13/north-koreas-lazarus-group-targets-crypto-developers-with-malware/): The Lazarus Group, a cybercriminal organization suspected of having ties to the North Korean government, has reportedly intensified its attacks on the cryptocurrency sector, with a growing focus on targeting developers. A recent investigation by the Socket Research Team has uncovered a series of attacks involving malicious npm packages designed to compromise developers’ systems. Over the past few months, researchers found that these packages were being manipulated to steal credentials, extract cryptocurrency wallet data, and establish persistent backdoors within development environments. A subgroup of the Lazarus Group has infiltrated the npm repository, a widely used package manager for JavaScript developers. - [Ripple vs. SEC: Legal Battle Approaches Resolution](https://news.shib.io/2025/03/13/ripple-vs-sec-legal-battle-approaches-resolution/): The Ripple case against the U.S. Securities and Exchange Commission (SEC) has moved closer to a resolution, a development that could influence the regulatory landscape for digital assets. According to crypto journalist Eleanor Terrett, two sources familiar with the matter have indicated that the case is nearing its conclusion and could be resolved soon. In a March 12 X post, Terrett stated that the delay in reaching a resolution stems from Ripple Lab’s legal team seeking adjustments to the August 2024 district court ruling, which imposed a $125 million fine on the company and enforced a permanent injunction barring the - [Russia's Central Bank Proposes Experimental Legal Regime for Crypto](https://news.shib.io/2025/03/13/russias-central-bank-proposes-experimental-legal-regime-for-crypto/): The Russian Central Bank is considering a three-year experimental legal regime allowing select investors to trade cryptocurrencies under a regulated framework to enhance market transparency. According to an official announcement, the Bank of Russia has submitted proposals to the government on regulating investments in cryptocurrencies, in line with directives from the Russian president. Under the proposal, only individuals holding at least $1.1 million in securities and deposits would be eligible to participate. Additionally, the proposal includes potential penalties for violations of the regulatory framework, reinforcing oversight and compliance within the digital asset market. Companies qualified as investors under existing regulations - [LIBRA Creator Wanted: Argentine Lawyer Seeks Interpol Help](https://news.shib.io/2025/03/13/argentina-seeks-interpol-aid-in-arresting-libra-u-s-creator/): An Argentine lawyer is formally requesting Interpol’s assistance in the apprehension of Hayden Davis, the U.S.-based creator of the now-defunct LIBRA cryptocurrency, marking a significant escalation in the legal fallout from the token’s dramatic collapse. Gregorio Dalbon, a prominent attorney known for representing former Argentine President Cristina Fernandez, filed the petition to prosecutor Eduardo Taiano, who delegated the investigation to Judge María Servini. The request centers on securing a Red Notice from Interpol, a mechanism used to alert law enforcement agencies worldwide about internationally wanted individuals. The LIBRA cryptocurrency, once publicly endorsed by Argentine President Javier Milei, suffered a catastrophic - [Hundreds Of Trillions SHIB Now In Profit As Shiba Inu Rallies](https://news.shib.io/2025/03/13/hundreds-of-trillions-shib-now-in-profit-as-shiba-inu-rallies/): A substantial portion of the Shiba Inu supply, totaling hundreds of trillions of $SHIB, is now in the money as the cryptocurrency enjoys a resurgence, a welcome development for long-term holders of the dog-themed crypto asset. The recent price increase, which has seen SHIB gain approximately 8% in value, marks a significant shift for the popular meme coin. This upward movement has pushed a considerable number of SHIB tokens into profitable territory, according to data from on-chain analytics firm IntoTheBlock. A Deep Dive into Shiba Inu Profitability IntoTheBlock’s “Global In/Out of the Money” metric provides a detailed analysis of the - [Paradise Lost: Garantex Co-Founder's Indian Holiday Ends in Arrest](https://news.shib.io/2025/03/13/paradise-lost-garantex-co-founders-indian-holiday-ends-in-arrest/): The tranquil beaches of Varkala, a coastal haven in Kerala, India, typically offer a sanctuary from the world’s troubles. However, for Aleksej Besciokov, co-founder of the controversial Russian cryptocurrency exchange Garantex, a family holiday abruptly transformed into a legal battle on Tuesday. At 4 p.m. local time, under the shade of swaying palms, Kerala State police arrested the 46-year-old Lithuanian national, citing India’s extradition laws. Besciokov’s arrest is the latest development in a rapidly escalating international crackdown on Garantex. The U.S. Department of Justice (DOJ), in a press release last Thursday, unsealed an indictment against Besciokov and his co-founder, Aleksandr - [Governments, Reimagined](https://news.shib.io/2025/03/12/governments-reimagined/): Read the latest edition of The Shib Magazine here. - [Coinbase FIU Approval Paves Way for Reentry Into India’s Crypto Market](https://news.shib.io/2025/03/12/coinbase-fiu-approval-paves-way-for-reentry-into-indias-crypto-market/): Coinbase FIU approval has brought the U.S. crypto exchange one step closer to reentering the Indian market, securing a license that could enable it to resume operations after nearly three years. On March 11, Coinbase announced in a post on X that it had secured regulatory approval from India’s Financial Intelligence Unit (FIU) to operate in the country. “We’re committed to building in markets that believe in the potential of crypto and on-chain innovation,” said John O’Loghlen, Regional Managing Director for APAC at Coinbase in a blog post.  “India represents one of the most exciting market opportunities in the world - [About Mark Carney: 10 Key Facts That Crypto Investors Should Know](https://news.shib.io/2025/03/12/10-key-facts-about-mark-carney-that-crypto-investors-should-know/): On March 9, Canada’s newly elected Prime Minister, Mark Carney, won the Liberal leadership election by a significant margin replacing Justin Trudeau. Following his victory, he moved swiftly to prepare for his new role, meeting with Trudeau to ensure a smooth transition. His immediate priorities include addressing economic tensions with the United States, particularly concerns over trade policies and financial stability in the face of potential tariffs imposed by the Trump administration. Carney is no stranger to global finance. His path to the country’s top office is unique — unlike career politicians, Carney built his reputation as a respected central - [OKX Denies EU Probe Amid Claims of Bybit Hack Funds Laundering](https://news.shib.io/2025/03/12/okx-denies-eu-probe-amid-claims-of-bybit-hack-funds-laundering/): OKX has denied an EU probe as regulators reportedly considered penalties over claims that hackers linked to the Bybit breach laundered $100 million in stolen funds through its Web3 platform. According to Bloomberg, anonymous sources familiar with the discussions stated that officials from the European Securities and Markets Authority (ESMA) and national regulators convened on March 6 to evaluate whether OKX’s Web3 platform should be subject to the EU’s Markets in Crypto-Assets (MiCA) regulations. The discussion comes amid growing scrutiny over the exchange’s compliance with European crypto laws. OKX denied reports of an investigation in a statement posted on X, - [SEC Postpones Spot ETF Apps XRP, Solana, Others](https://news.shib.io/2025/03/12/sec-postpones-xrp-solana-and-other-crypto-spot-etf-applications/): The U.S. Securities and Exchange Commission (SEC) has postponed its decisions on multiple altcoin spot ETF applications, including those for XRP, Litecoin, Solana, and Dogecoin, citing the need for further review. The regulator issued notices delaying its rulings on several altcoin spot ETF applications. Among the affected filings are Solana ETFs submitted by 21Shares, Canary, and VanEck, as well as Canary’s spot ETFs for Litecoin and XRP. The postponement signals the regulator’s continued evaluation of cryptocurrency investment products before granting approval. Bloomberg ETF analyst James Seyffart described the SEC’s decision as a routine step in the regulatory process, stating that - [Sen. Cynthia Lummis Revives BITCOIN Act to Build US Crypto Reserve](https://news.shib.io/2025/03/12/sen-cynthia-lummis-revives-bitcoin-act-to-build-us-crypto-reserve/): Senator Cynthia Lummis has reintroduced the BITCOIN Act during a conference hosted by The Bitcoin Policy Institute. The updated legislation includes new provisions and additional co-sponsors, signaling a renewed push for integrating Bitcoin into U.S. financial strategy. The newly revised Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide (BITCOIN) Act proposes a framework that could allow the United States to acquire and hold more than 1 million Bitcoin, provided the assets are obtained through lawful means other than direct purchase.  The legislation outlines potential acquisition methods, including civil or criminal forfeitures, gifts to the federal government, or transfers from - [Elon Musk Confirms X Cyberattack, Blames Coordinated Effort](https://news.shib.io/2025/03/11/elon-musk-confirms-x-cyberattack-blames-coordinated-efforts/): Elon Musk, owner of X, has confirmed that the platform was hit by a “massive cyberattack,” causing widespread disruptions and leaving thousands of users unable to access the site for about eight hours. After services were restored, Musk immediately addressed the X cyberattack in a post to his followers. “There was (still is) an attack against X. We get attacked every day, but this was done with a lot of resources. Either a large, coordinated group and/or a country is involved,” Musk wrote.  Musk acknowledged the X cyberattack in response to a social media post outlining a pattern of hits - [House Republicans Unveil Updated GENIUS Act for Stablecoin Rules](https://news.shib.io/2025/03/11/house-republicans-unveil-updated-genius-act-for-stablecoin-rules/): The U.S. Senate Banking Committee will vote on the updated GENIUS Act, a Republican-led stablecoin bill revised after bipartisan negotiations. In a March 10 press release, the U.S. Senate Banking Committee announced an updated version of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act. The legislation, aimed at creating a clear regulatory framework for payment stablecoins, was introduced by Senate Banking Committee Chairman Tim Scott, alongside Senators Bill Hagerty, Kirsten Gillibrand, Cynthia Lummis, and Angela Alsobrooks. The committee is scheduled to vote on the legislation on March 13.  “This bipartisan agreement — the result of negotiations with - [White House Crypto Summit Signals Policy Shift, Industry Optimistic](https://news.shib.io/2025/03/11/white-house-crypto-summit-signals-policy-shift-industry-optimistic/): The recent White House Crypto Summit has sparked mixed reactions from investors and the crypto community, who were hoping for more details on President Donald Trump’s plans for crypto regulation and innovation. Despite this, attendees left the event feeling optimistic and encouraged by the discussions that took place. Fox Business journalist Eleanor Terrett reported that the four-hour event brought together industry leaders, lawmakers, and senior officials, all of whom expressed confidence that the Trump administration would provide clearer guidance on crypto regulation in the near future. Chris Giancarlo, former chair of the Commodity Futures Trading Commission (CFTC), who participated in - [Thailand SEC Grants Approval for Tether and USDC Trading](https://news.shib.io/2025/03/11/thailand-sec-grants-approval-for-tether-usdt-and-usdc-trading/): Thailand’s Securities and Exchange Commission (SEC) has granted approval for Tether (USDt) and Circle (USDC) to be listed on regulated exchanges, marking a significant step for stablecoins in the country’s financial ecosystem. Thailand’s SEC previously approved cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP, and Stellar (XLM) for use in settlements by the country’s central bank. The latest decision to allow USDt and USDC follows a public consultation on regulatory updates, which were finalized in February and are set to take effect on March 16. This decision aims to establish a strong regulatory framework that supports investors, businesses, and the - [The Metaverse and the Future of Entertainment: Virtual Experiences](https://news.shib.io/2025/03/11/the-metaverse-and-the-future-of-entertainment-virtual-experiences/): Imagine watching a concert where you’re not just in the crowd — you’re on stage with your favorite artist, all from your living room. This is the promise of the metaverse, a virtual world where people can interact, work, and play through digital avatars. Once a concept found in sci-fi, the metaverse is now shaping the future of entertainment, allowing users to explore immersive gaming, live concerts, interactive movies, and even virtual theme parks. As technology advances, these digital experiences are becoming more realistic and accessible, making the metaverse a key player in the evolution of entertainment. Whether through virtual - [Shiba Inu Trading Volume Surges, Breakout Speculations Mounts](https://news.shib.io/2025/03/11/shiba-inu-trading-volume-surges-breakout-speculations-mounts/): A battle brews on the Shiba Inu charts. Trading volume soars, “whale” investors make massive moves, and the question on everyone’s mind is: can $SHIB finally break through key resistance and ignite a new rally? Shiba Inu Trading Volume, Whale Activity Shiba Inu experienced a dramatic surge in trading activity over the past week, prompting speculation about a potential price breakout. Daily trading volume reached $486.25 million, a 57.81% increase, according to recent data from CoinMarketCap.  This heightened activity coincided with a significant increase in large transactions, often attributed to “whales” – investors holding substantial amounts of the cryptocurrency. Data - [Crypto Market Slides as Macroeconomic Fears Rattle Investors](https://news.shib.io/2025/03/11/crypto-market-slides-as-macroeconomic-fears-rattle-investors/): Bitcoin, Ethereum and the broader crypto market see significant declines, driven by outflows from spot ETFs and growing expectations of aggressive Federal Reserve rate cuts. The crypto market faced a sharp downturn, with Bitcoin and Ethereum posting significant weekly losses, as a wave of macroeconomic uncertainty prompts investors to pull back from digital assets. The shift reflected a broader “risk-off” sentiment, fueled by concerns over global economic growth and expectations of more aggressive monetary easing by central banks. Bitcoin and Ethereum Lead the Crypto Market Slide Bitcoin (BTC), the world’s largest crypto asset by market capitalization, closed the week at - [Sam Bankman-Fried Sent to Solitary After Tucker Carlson Interview](https://news.shib.io/2025/03/10/sam-bankman-fried-sent-to-solitary-after-planned-tucker-carlson-interview/): Sam Bankman-Fried, the former FTX CEO, has reportedly been placed in solitary confinement following his unauthorized Tucker Carlson interview. This fueled speculation that he is seeking a presidential pardon. According to the New York Times, a U.S. Bureau of Prisons representative confirmed Bankman-Fried’s interview at Brooklyn’s Metropolitan Detention Center was unauthorized. He has been in custody at the facility for 18 months. Federal prison regulations impose strict controls on inmate communications, outlining specific rules on who can contact them and the permitted methods of communication. Bankman-Fried’s interview on Carlson’s YouTube channel quickly drew widespread attention, garnering over 730,000 views. While - [Michael Saylor Urges US to Buy 25% of Bitcoin Supply by 2035](https://news.shib.io/2025/03/10/michael-saylor-urges-us-to-buy-25-of-bitcoin-supply-by-2035/): MicroStrategy co-founder Michael Saylor has proposed that the U.S. government secure 25% of the total Bitcoin supply over the next decade as part of the newly established Strategic Bitcoin Reserve. In Saylor’s proposal, “A Digital Assets Strategy to Dominate the 21st Century Global Economy”, the Bitcoin advocate outlined a plan for the U.S. government to amass 25% of the total Bitcoin supply by 2035. By that time, 99% of all Bitcoin will have been mined, making strategic accumulation a key factor in maintaining economic dominance. Saylor presented his proposal to President Donald Trump, key government officials, and international cryptocurrency leaders - [How dApps and Web3 Are Changing the Internet’s Future](https://news.shib.io/2025/03/10/how-dapps-and-web3-are-changing-the-internets-future/): The internet is changing, and dApps and Web3 are leading the way. Unlike the traditional internet (Web2), where big companies control platforms and data, Web3 uses blockchain to create a decentralized, transparent, and user-driven online world. A key part of Web3 is decentralized applications (dApps) — apps that run on blockchain networks instead of centralized servers. Unlike traditional apps like Facebook or Google, which are controlled by single companies, dApps operate without a central authority, giving users more control over their data, privacy, and digital assets. dApps are already changing industries like finance, gaming, and social media by removing middlemen, - [Robert Kiyosaki Claims His Stock Market Crash Prediction Is Happening](https://news.shib.io/2025/03/10/robert-kiyosaki-claims-his-predicted-stock-market-crash-has-arrived/): Robert Kiyosaki, the author of the bestselling book Rich Dad Poor Dad, has claimed that a stock market crash he had predicted over a decade ago has now become a reality. In a post on X, the financial educator reiterated a prediction he made in his 2014 book Rich Dad’s Prophecy, warning of an impending stock market collapse. He believes that the anticipated crash has arrived, posing a significant threat to the financial security of millions of baby boomers worldwide. IN Rich Dads Prophecy, published in 2014 I predicted the biggest stock market crash was still coming. Unfortunately that crash - [David Sacks Rejects Proposed Crypto Tax for US Bitcoin Reserve](https://news.shib.io/2025/03/10/david-sacks-rejects-proposed-crypto-tax-for-us-bitcoin-reserve/): White House Crypto Czar David Sacks has rejected crypto tax proposals aimed at building the newly established U.S. Strategic Bitcoin Reserve. The idea has also drawn strong criticism from the crypto community, with many warning that even a minimal transaction tax could slow adoption. Sacks dismissed the idea of a 0.01% tax on cryptocurrency transactions during a recent interview on the All-In Podcast. Host Jason Calacanis floated the proposal, but Sacks warned that even a minimal tax could pave the way for future increases, placing a growing burden on the crypto industry. Sacks compared the proposed cryptocurrency transaction tax to - [The Shib News Recap: Friday](https://news.shib.io/2025/03/07/the-shib-news-recap-friday-6/): Today’s coverage by The Shib Daily focuses on the unfolding story of the U.S. Bitcoin Reserve announcement, detailing what can be expected moving forward and capturing the critical voices that have emerged in response. Trump’s Strategic Bitcoin Reserve: A ‘Digital Fort Knox’ or a Rehash of Old Policy? President Trump has signed an executive order to form a Strategic Bitcoin Reserve and a Digital Asset Stockpile. This initiative will retain seized Bitcoin as a long-term asset, described as a “digital Fort Knox.” The Secretaries of Treasury and Commerce will create budget-neutral strategies for additional Bitcoin purchases. The stockpile will only - [Blockchain in Action: The Latest Blockchain Use Cases Worldwide](https://news.shib.io/2025/03/07/blockchain-in-action-the-latest-blockchain-use-cases-worldwide/): Imagine a world where transactions are secure, transparent, and tamper-proof — this is the power of blockchain. At its core, blockchain is a digital ledger that records information across a decentralized network, preventing fraud and ensuring trust. While most people associate it with cryptocurrencies like Bitcoin, blockchain use cases extend far beyond digital money, transforming industries like finance, healthcare, and supply chain management. Blockchain is transforming industries by improving security, efficiency, and transparency. Banks use it for faster and safer transactions, healthcare providers secure patient records, and supply chains track products in real time. Governments, real estate firms, and even - [Trump Executive Order Creates US Bitcoin Reserve & Crypto Stockpile](https://news.shib.io/2025/03/07/trumps-executive-order-creates-u-s-bitcoin-reserve-amp-crypto-stockpile/): President Donald Trump has signed an executive order to create a Strategic Bitcoin Reserve and a Digital Asset Stockpile, both funded by cryptocurrency seized in government criminal cases. In a March 7 X post, White House AI and Crypto Czar David Sacks shared the news of President Trump’s signing. “The Reserve will be capitalized with Bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings. This means it will not cost taxpayers a dime,” he wrote.  The U.S. government holds approximately 200,000 Bitcoin (BTC) worth $16.92 billion, but a full audit has - [Senator Tim Scott Challenges Reputational Risk Rules in Banks](https://news.shib.io/2025/03/07/senator-tim-scott-moves-to-block-bank-rules-on-reputational-risk/): Republican Senator Tim Scott has introduced legislation aimed at limiting regulators from considering reputational risk when overseeing banks. The legislation could enhance banking access for crypto firms and various other industries. The Financial Integrity and Regulation Management Act aims to tackle concerns that banks are denying services to certain customers based on political influence or public perception rather than financial criteria, a practice otherwise known as “debanking.” Debanking is a practice where banks may choose not to do business with clients that pose “reputational risks.” The Federal Reserve defines reputational risk as “the potential that negative publicity regarding an institution’s - [David Sacks Calls US Government’s Sale of Bitcoin a 'Costly Mistake'](https://news.shib.io/2025/03/07/david-sacks-criticizes-us-governments-sale-of-bitcoin-as-costly-mistake/): White House AI and Crypto Czar David Sacks has criticized the U.S. government’s sale of Bitcoin, arguing that liquidating confiscated holdings over the years was a strategic misstep that cost taxpayers billions in potential value. In a post on X, Sacks voiced his frustration over the government’s handling of its Bitcoin holdings, claiming that past sales brought in $366 million but could have been worth significantly more if retained. “The federal government sold approximately 195,000 bitcoin for proceeds of $366 million. If the government had held the bitcoin, it would be worth over $17 billion today,” Sacks wrote, arguing that - [Crypto Rug Pulls Targeted in NY Lawmakers’ Proposed Crackdown Bill](https://news.shib.io/2025/03/07/new-york-lawmakers-propose-bill-to-crack-down-on-crypto-rug-pulls/): New York lawmakers have introduced a bill to protect investors by cracking down on scams such as crypto rug pulls and private key theft, imposing stricter penalties. Assemblymember Clyde Vanel, chair of the New York Assembly’s Banks Committee, introduced Bill A06515 on March 5, aiming to strengthen penalties for cryptocurrency fraud. The legislation seeks to amend state law by criminalizing deceptive practices involving virtual tokens, addressing concerns over investor protection in the growing digital asset market. The proposed legislation would make it illegal for developers to sell more than 10% of a virtual token’s total supply within five years of - [Strategic Bitcoin Reserve Draws Fire: 'Nothing New,' Critics Say](https://news.shib.io/2025/03/07/strategic-bitcoin-reserve-draws-fire-nothing-new-critics-say/): President Trump’s signing of an Executive Order on March 6, 2025, establishing a “Strategic Bitcoin Reserve” and prohibiting the sale of seized cryptocurrency, draws fire from critics. While the administration hails the move as groundbreaking, skepticism arises from some quarters, with critics questioning its novelty, impact, and even its motives. The order directs the Treasury Department to consolidate all Bitcoin seized by federal agencies into a single reserve, which, according to the order, “shall not be sold.” The administration, through AI and Crypto Czar David Sacks, frames the reserve as a “digital Fort Knox” and a cost-free initiative, as it - [The Shib News Recap: Thursday](https://news.shib.io/2025/03/06/the-shib-news-recap-thursday-8/): The Shib Daily highlights crucial crypto news this Thursday, including regulatory changes in a major economy, remarkable political involvement that could influence policy and industry trends, an initiative that could affect energy markets and the crypto mining industry, and a controversial maneuver from a key organization. Russia Explores Regulated Crypto Trading for Select Investors  The Ministry of Finance and Central Bank of Russia are exploring an experimental legal regime (ELR) for crypto trading, focusing on “super-qualified” investors. Alexei Yakovlev mentioned that the criteria for these investors are still under development. This new category will consist mostly of professional market participants and - [Russia Crypto Trading to Be Regulated, But Only for Elite Investors](https://news.shib.io/2025/03/06/russia-crypto-trading-to-be-regulated-but-only-for-elite-investors/): Russia’s Ministry of Finance and Central Bank of Russia have begun discussions on introducing crypto trading under an experimental legal regime (ELR), specifically targeting “super-qualified” investors as potential participants. According to Russian news agency Interfax, Alexei Yakovlev, Director of the Financial Policy Department at the Ministry of Finance, stated that the criteria for qualified investors to participate in crypto trading are still in the development stage. “When we talk about digital currency trading, it’s not just an idea – it’s a task that has been set. We hope it will be implemented soon, most likely in the format of an - [Ripple 'Pushed' for Solana’s Inclusion in Crypto Reserve - Reports](https://news.shib.io/2025/03/06/rumors-claim-ripple-pushed-for-solanas-inclusion-in-crypto-reserve/): Reports have suggested that Ripple Labs Inc. executives, including CEO Brad Garlinghouse and Chief Legal Officer Stu Alderoty, have allegedly pitched Solana (SOL) to President Donald Trump for inclusion in the proposed U.S. Crypto Reserve. Rumors have it that Ripple’s decision aimed to bolster the legitimacy of XRP, the cryptocurrency issued by the company, in the proposed U.S. Crypto Reserve amid concerns that excluding other well-established altcoins could be perceived as “problematic.” The addition of SOL also reinforced Ripple’s position as a proponent of a reserve that incorporates multiple American-based digital assets. President Trump’s announcement of a proposed Crypto Reserve, - [Trump Crypto Summit: Key Industry Leaders Invited, Others Left Out](https://news.shib.io/2025/03/06/trumps-crypto-summit-key-industry-leaders-invited-others-left-out/): The guest list for the White House Crypto Summit has been unveiled, featuring prominent industry leaders, while some key figures remain absent. As the event approaches, the list continues to expand, drawing attention to the administration’s approach to digital asset discussions. According to Fox Business journalist Eleanor Terrett, the March 7 Crypto Summit is expected to host around 20 to 25 participants. Two sources familiar with the event indicated that the gathering will be smaller than initially expected. The Crypto Summit will take place at the White House in a roundtable format, featuring key members of the Presidential Working Group - [Belarus to Use Surplus Energy for Crypto Mining, Says Pres. Lukashenko](https://news.shib.io/2025/03/06/belarus-to-use-surplus-energy-for-crypto-mining-says-pres-lukashenko/): Belarusian President Alexander Lukashenko has ordered Energy Minister Aleksei Kushnarenko to develop the country’s crypto mining industry, emphasizing the use of excess electricity to power mining operations while strengthening Belarus’ energy grid. According to a March 4 report by Belarusian media outlet BelTA, President Lukashenko issued instructions to Kushnarenko, who recently assumed his role. “If it is profitable for us, let’s do it. We have excess electricity. Let them make this cryptocurrency and so on. Moreover, you see the path the world is going,” Lukashenko said, according to the translated version of the report. President Lukashenko cited the United States - [Why Schools Should Start Teaching Financial Literacy with Blockchain Basics](https://news.shib.io/2025/03/06/why-schools-should-start-teaching-financial-literacy-with-blockchain-basics/): Money is everywhere, yet most schools barely teach students how to manage it. Financial literacy — the ability to understand and use financial skills like budgeting, saving, investing, and responsible spending — is essential for navigating adult life. Without it, many young people struggle with debt, bad financial decisions, and a lack of preparedness for the future. Teaching financial literacy in schools helps students build smart money habits early, giving them the tools to achieve financial independence and stability. At the same time, the way we use money is changing, and blockchain technology is playing a big role in that - [Next Era of Play](https://news.shib.io/2025/03/05/next-era-of-play/): Read the latest edition of The Shib Magazine here. - [Will Web3 Kill Traditional Social Media? The Future of Online Communities](https://news.shib.io/2025/03/05/will-web3-kill-traditional-social-media-the-future-of-online-communities/): Is the future of social media shifting from corporate giants to user-owned networks? For years, platforms like Facebook, Instagram, and Twitter have dominated how we connect, share, and engage online. These traditional social media platforms operate on centralized systems, meaning companies control user data, algorithms, and content moderation. While they have connected billions of people worldwide, they also face criticism for data privacy concerns, censorship, and the monetization of user content without direct creator rewards. Now, Web3 is emerging as an alternative — a decentralized approach to social media built on blockchain technology. Instead of a single company owning the - [Reddit Founder Backs TikTok US Bid](https://news.shib.io/2025/03/05/reddit-founder-backs-tiktok-us-bid/): Alexis Ohanian, co-founder of Reddit, has backed a bid to acquire TikTok U.S. operations, aiming to decentralize the platform and put users in control of their data. In a post on X, Ohanian revealed that he is among those involved in efforts to transition TikTok to a blockchain-based platform. “I’m officially now one of the people trying to buy TikTok U.S.,” Ohanian wrote. Ohanian has joined billionaire Frank McCourt and Project Liberty in their bid to acquire TikTok’s U.S. operations. The plan aims to shift the platform from centralized data control to a blockchain-based system, allowing users — not corporations - [SEC Offers $50K Buyout to Employees Amid DOGE Federal Job Cuts](https://news.shib.io/2025/03/05/sec-offers-50k-buyout-to-employees-amid-federal-job-cuts-by-doge/): The U.S. Securities and Exchange Commission (SEC) has offered its employees a $50,000 incentive to resign or retire, as the agency undergoes a wave of staffing changes.  A Bloomberg report revealed that SEC Chief Operating Officer Ken Johnson informed employees via email that the agency is offering a voluntary separation and retirement incentive. The program encourages staff members to resign or retire by April 4 in exchange for a financial package. SEC employees who joined the agency in January 2024 are eligible for the incentive program, with a March 21, 2025, deadline to accept the offer. Under the program, employees - [SEC Drops Cumberland DRW Crypto Trading Lawsuit](https://news.shib.io/2025/03/05/sec-drops-lawsuit-against-cumberland-drw-over-crypto-trading-claims/): The U.S. Securities and Exchange Commission (SEC) has reached a preliminary agreement to drop its case against Cumberland DRW, the crypto trading arm of Chicago-based DRW. The decision is now pending final approval from the agency. On March 4, Cumberland announced in an X post that it had signed a joint filing with the SEC, reaching a preliminary agreement to dismiss the case. “As a firm deeply committed to the principles of integrity and transparency, we look forward to continuing our dialogue with the SEC to help shape a future where technological advancements and regulatory clarity go hand in hand, - [Lazarus Group 'Launders' $1.5B Bybit Hack Funds Using THORChain DEX](https://news.shib.io/2025/03/05/lazarus-group-launders-1-5b-bybit-hack-funds-using-thorchain-dex/): The North Korean-affiliated Lazarus Group has allegedly fully laundered funds stolen in the recent Bybit hack, transferring 500,000 Ethereum (ETH) primarily into Bitcoin (BTC). Blockchain security analysts identify Lazarus Group as the main suspect behind the attack. Blockchain security firm Arkham Intelligence reported that THORChain, a decentralized cross-chain liquidity protocol, has processed over $5.5 billion in transaction volume following the February 21 Bybit hack.  Bybit Co-founder and CEO, Ben Zhou, shared in a post on X that the hackers primarily utilized THORChain to convert ETH into BTC  following the breach.  Despite surpassing $5 million in revenue, the THORChain protocol has - [FTX/Alameda Unstakes 3.03M SOL, Raising Concerns Over Potential Impact](https://news.shib.io/2025/03/04/ftx-alameda-unstakes-3-03m-sol-raising-concerns-over-potential-impact/): FTX/Alameda has unstaked 3.03 million Solana (SOL) raising concerns about potential market pressure due to large transfers often signaling upcoming price changes. Blockchain analytics platform Lookonchain reported that approximately $41.3 million worth of SOL was transferred to multiple crypto wallets.  Of the 3.03 million unstaked SOL 24,799 SOL ($3.38M) has already been deposited to the crypto exchange Binance, liquidating the asset.  The trading impact of this development is significant. The recent surge in price and trading volume suggests increased market activity, possibly signaling buying pressure on SOL. The transfer of such a large amount of SOL may indicate that FTX/Alameda - [3 Key Industries Disrupted by Web3 Today](https://news.shib.io/2025/03/04/3-key-industries-disrupted-by-web3-today/): Imagine an internet that’s decentralized, transparent, and empowering for individuals. This is Web3 — a new version of the internet transforming how we interact with technology, finance, and content. Web3 is powered by blockchain technology, a secure, transparent ledger that eliminates the need for central authorities like banks or tech companies. It uses smart contracts, automated agreements that execute when conditions are met, allowing direct peer-to-peer transactions. Web3 is disrupting industries like supply chains, content creation, and gaming, offering lower costs, greater transparency, and more control to users. This is prompting businesses to explore how these industries disrupted by Web3 - [Bitwise Files for Spot DOGE ETF, Paving Way for Mainstream Access](https://news.shib.io/2025/03/04/bitwise-files-for-spot-doge-etf-paving-way-for-mainstream-access/): The New York Stock Exchange Arca (NYSE) has proposed a rule change to list and facilitate the trading of shares for the Bitwise Asset Management Dogecoin (DOGE) exchange-traded fund (ETF). A subsidiary of the NYSE filed the 19b-4 proposal on March 3, which, pending approval from the U.S. Securities and Exchange Commission (SEC), would allow the exchange to list the Bitwise Dogecoin ETF, providing investors with direct exposure to the popular meme coin. “Pursuant to the provisions of Section 19(b)(1) of the Securities Exchange Act of 1934, as amended (the “Act” or “’34 Act”) and Rule 19b-4 thereunder, NYSE Arca, - [SEC Agrees to Dismiss Kraken Lawsuit, No Penalties Imposed](https://news.shib.io/2025/03/04/sec-agrees-to-dismiss-kraken-lawsuit-no-penalties-imposed/): The U.S. Securities and Exchange Commission (SEC) has agreed in principle to drop its Kraken lawsuit, signaling a shift toward a more cooperative regulatory approach under the current administration. In a March 3 blog post, Kraken announced that the case would be dismissed with prejudice, meaning it cannot be reopened. The exchange stated that it would not admit to any wrongdoing, pay any penalties, or alter its business operations. Kraken described the SEC’s decision as a pivotal moment for the future of cryptocurrency in the U.S. The exchange emphasized that this move marks the end of a “wasteful, politically motivated - [Peter Schiff Calls for Congressional Investigation Into Trump Crypto Scheme](https://news.shib.io/2025/03/04/peter-schiff-calls-for-congressional-investigation-into-alleged-crypto-scheme/): American economist Peter Schiff has called for a congressional investigation into what he describes as the largest cryptocurrency “rug pull” in history, with former President Donald Trump allegedly having a hand in it. In a post on X, Schiff stated that an investigation into the alleged pump-and-dump scheme is “warranted.” Schiff’s call comes after controversial posts on former President Trump’s Truth Social account, which are said to have played a role in a pump-and-dump scheme. “Who authored the two Sunday afternoon posts on the President’s Truth Social account? Who knew about the first post in advance, and when were they - [The Shib News Recap: Monday](https://news.shib.io/2025/03/03/the-shib-news-recap-monday-5/): Today’s top headlines cover analyses of Shiba Inu (SHIB) price trends, a botched crypto deal in Jeju City leading to the murder of a Chinese investor, the arrest of three scammers in Assam, and intense debates surrounding the U.S. Crypto Reserve. Shiba Inu Price Analysis: Key Support Levels and Potential Trends Recent technical analysis pinpoints important price levels for Shiba Inu (SHIB). Analyst BlueCrypto reports that SHIB has sustained local support at $0.00001345 but warns that a higher level is necessary for upward momentum. He cautions that failure to hold the new local support at $0.00001465 could lead to a bearish - [Amouranth Doubts Return to Streaming After Crypto Home Invasion](https://news.shib.io/2025/03/03/amouranth-doubts-return-to-streaming-after-crypto-home-invasion/): Popular streamer Amouranth questions her future in online content creation following a violent crypto-motivated home invasion, raising concerns about the safety of public figures in the digital age. The violent attack, which took place at the streamer’s (real name Kaitlyn Siragusa) Houston home on March 2, has left the streamer shaken and uncertain about her career. Responding to a follower’s suggestion on X (formerly Twitter) that she “log off the internet for a while,” Amouranth stated, “Truth be told I don’t know if I’ll ever be back.”  Amouranth Describes Terrifying Crypto Home Invasion on X In a series of harrowing - [Binance to Delist USDT Trading Pairs in EEA, Keeps Deposits/Withdrawals Open](https://news.shib.io/2025/03/03/binance-to-delist-usdt-trading-pairs-in-eea-keeps-deposits-withdrawals-open/): European Economic Area (EEA) users of Binance face changes to USDT trading, as the exchange removes trading pairs while ensuring continued access to deposits and withdrawals. The changes, announced by Binance, are in preparation for the upcoming Markets in Crypto-Assets (MiCA) regulations within the European Union. While the delisting of USDT trading pairs might initially seem restrictive, Binance is emphasizing that this is a trading adjustment, not a restriction on user funds. Binance USDT Trading Pair Adjustments in the EEA Effective March 31, 2025, at 23:59 (UTC), Binance will remove all spot trading pairs that include USDT for users within - [Newsom Mocks Trump With Plan for ‘Trump Corruption Coin’ Meme Coin](https://news.shib.io/2025/09/01/newsom-mocks-trump-with-plan-for-trump-corruption-coin-meme-coin/): California Governor Gavin Newsom plans the “Trump Corruption Coin” meme coin to satirize President Trump’s controversial crypto ventures, using the initiative to spotlight ethical concerns and raise awareness about the intersection of politics and digital finance. - [Crypto Kidnapping: India Jails 14, Including Cops & Ex-MLA](https://news.shib.io/2025/09/01/crypto-kidnapping-india-jails-14-including-cops-ex-mla/): An Indian court sentenced 14 people, including 11 police officers and a former legislator, to life for a 2018 crypto kidnapping in which Shailesh Bhatt was forced to hand over Bitcoin. The case also exposed Bhatt’s alleged role in another crypto extortion, highlighting rising risks tied to digital assets. - [Permanent Ink, Permanent Risk? The Security of Blockchain Tattoos](https://news.shib.io/2025/09/01/permanent-ink-permanent-risk-the-security-of-blockchain-tattoos/): Blockchain tattoos turn crypto wallet addresses or QR codes into permanent body art, blending self-expression with digital identity. They look bold but carry risks like security threats, privacy issues, and permanence. Using public addresses, temporary tattoos, and wallet security practices can keep the trend fun and safe. - [Trump-Backed World Liberty Financial Set to Unlock 29B Tokens](https://news.shib.io/2025/09/01/trump-backed-world-liberty-financial-set-to-unlock-29b-tokens/): Trump-backed World Liberty Financial (WLFI) is launching 29B tokens, over a quarter of its 100B supply. Twenty percent of presale tokens are initially transferable, while the remaining 80% are community-governed. - [CZ Says Hong Kong Needs More Crypto Options to Compete Globally](https://news.shib.io/2025/08/29/cz-says-hong-kong-needs-more-crypto-options-to-compete-globally/): Why does CZ believe Hong Kong needs more crypto options? CZ says Hong Kong’s current limit of four tokens restricts trading and limits opportunities for investors and projects. Expanding token access could improve liquidity, foster innovation, and support broader participation in the city’s crypto ecosystem. Greater exchange flexibility would help Hong Kong compete with global crypto hubs like the U.S. and UAE. - [ZachXBT Flags WEB3 Presale — Linked to Squiggles NFT Rug Pull](https://news.shib.io/2025/08/29/zachxbt-flags-web3-presale-linked-to-squiggles-nft-rug-pull/): Why are people concerned about the WEB3 presale? Concerns stem from its links to individuals tied to the 2022 Squiggles NFT rug pull and promoter Raichu, both connected to failed projects. ZachXBT flagged these connections as red flags when WEB3 announced its presale. This history of alleged manipulation and investor losses has fueled skepticism in the crypto community. - [Shiba Inu Breaks Into Mainstream Finance with New European ETP](https://news.shib.io/2025/08/29/shiba-inu-breaks-into-mainstream-finance-with-new-european-etp/): Valour has launched a Shiba Inu (SHIB) ETP on Sweden’s Spotlight Stock Market, allowing regulated exposure for traditional investors. The listing bridges digital assets and mainstream finance in Europe, while a U.S. spot ETF for SHIB still faces regulatory hurdles. - [Chainlink and Pyth Chosen to Bring Key Economic Data On-Chain](https://news.shib.io/2025/08/29/chainlink-and-pyth-chosen-to-bring-key-economic-data-on-chain/): What role are Chainlink and Pyth playing in U.S. government data transparency? Chainlink and Pyth have been selected to publish key U.S. economic data on-chain, including GDP and other macroeconomic metrics. This allows the public to access government information directly through blockchain technology. The move aims to increase transparency, accountability, and more efficient use of economic data. - [CFTC Opens Door to Offshore Exchanges — What It Means for SHIB](https://news.shib.io/2025/08/29/cftc-opens-door-to-offshore-exchanges-what-it-means-for-shib/): Summary: How could the CFTC new guidance affect U.S. crypto trading? The CFTC new guidance allows offshore exchanges to legally serve U.S. traders, increasing access to digital assets. More registered platforms could boost liquidity and trading volume. Overall, it provides traders with more options and greater confidence in participating in regulated markets. 🎧 Listen to This Article Hit play below to hear the narrated version. The Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight has released guidance on the Foreign Board of Trade (FBOT) registration process, clarifying how non-U.S. entities can legally offer U.S. residents direct access to their - [6 Ways Decentralized Finance Is Challenging Traditional Banking](https://news.shib.io/2025/08/29/6-ways-decentralized-finance-is-challenging-traditional-banking/): Key points: 🎧 Listen to This Article Hit play below to hear the narrated version. Traditional banking has been doing the same thing for decades: you deposit money, pay fees, wait for approval, and hope the interest adds up. Enter decentralized finance, or DeFi, which is flipping that old script on its head. Think of it as financial services built on blockchain, where you can lend, borrow, trade, or earn without relying on a big bank to say yes. In simple terms, DeFi lets people interact directly with each other using smart contracts, programs that automatically handle transactions, cutting out - [Forging The Empire](https://news.shib.io/2025/08/28/forging-the-empire/) - [Trump Eyes 11 Fed Chair Picks, 3 Could Boost Crypto-Friendly Policies](https://news.shib.io/2025/08/28/trump-eyes-11-fed-chair-picks-3-could-boost-crypto-friendly-policies/): The Trump administration is reviewing 11 potential candidates, including David Zervos from Jefferies, former Fed Governor Larry Lindsey, and BlackRock CIO Rick Rieder. Treasury Secretary Scott Bessent will interview them, narrow the list, and submit finalists to the president. The selection process is expected to take significant time, leaving markets and policymakers watching closely. - [Fenwick & West Denies Role in FTX Fraud — Lawsuit Seeks Dismissal](https://news.shib.io/2025/08/28/fenwick-west-denies-role-in-ftx-fraud-lawsuit-seeks-dismissal/): Fenwick & West denies any role in FTX’s collapse, calling the claims misguided. The firm says it only provided routine legal services and had no knowledge of fraud. The court has not yet ruled on the firm’s motion to dismiss the updated lawsuit. - [115 Crypto Firms Push Senate to Shield Devs - Impact on Shib](https://news.shib.io/2025/08/28/115-crypto-firms-push-senate-to-shield-devs-impact-on-shib/): Summary: Why are crypto firms urging the Senate to protect developers in new legislation? They argue that developers and non-custodial service providers should not be regulated like traditional financial intermediaries. Without clear protections, innovation could move overseas, weakening U.S. leadership in digital finance. Safeguards would ensure open-source builders can keep advancing blockchain technology without restrictive barriers. 🎧 Listen to This Article Hit play below to hear the narrated version. A coalition of 115 crypto firms, including exchanges like Coinbase, Kraken, and Uniswap Labs, along with investors and advocacy groups, has called on the U.S. Senate to ensure protections for software - [CFTC Taps Nasdaq Tool to Hunt Insider Trading in Crypto & Stocks](https://news.shib.io/2025/08/28/cftc-taps-nasdaq-tool-to-hunt-insider-trading-in-crypto-stocks/): Summary: Why is the CFTC using Nasdaq surveillance technology? The CFTC is using Nasdaq surveillance technology to improve fraud detection and monitor trading more effectively. The platform provides automated alerts and cross-market analytics to flag unusual activity across multiple asset classes. This upgrade helps the CFTC respond faster and strengthen the integrity of U.S. markets. 🎧 Listen to This Article Hit play below to hear the narrated version. The Commodity Futures Trading Commission (CFTC) has announced it has begun using Nasdaq’s advanced surveillance technology to strengthen fraud detection and market monitoring, marking a key step in modernizing its outdated systems. - [DMs, Discords, and Deception: The Social Life of Crypto Phishing Attacks](https://news.shib.io/2025/08/28/dms-discords-and-deception-the-social-life-of-crypto-phishing-attacks/): Key points: 🎧 Listen to This Article Hit play below to hear the narrated version. You’re scrolling through Discord, excited about the latest NFT drop, when a DM pops up. It’s from someone claiming to be the project’s founder, offering you a “free mint” if you just click a link. It looks legit, the timing feels perfect, and before you know it, your wallet is at risk. Welcome to the wild world of phishing attacks, and yes, even in communities you trust, scammers are lurking. Phishing has come a long way from sketchy emails with bad grammar. Today, attackers have - [Venezuela Embraces Crypto Amid Crisis – Could SHIB Join the Surge?](https://news.shib.io/2025/08/27/venezuela-embraces-crypto-amid-crisis-could-shib-join-the-surge/): Summary: Why is Venezuela turning to cryptocurrency amid the economic crisis? With the bolívar losing value and access to traditional banking limited, Venezuela is using crypto to protect savings. Merchants across the country now accept digital assets, and some businesses pay employees in stablecoins. Despite challenges like sanctions and connectivity issues, crypto has become a resilient financial tool in everyday life.         Listen to This Article           Prefer to listen? Hit play below to hear the narrated version.               Amid a collapsing bolívar and stricter government controls, Venezuelans have increasingly turned to cryptocurrency as a means - [Senator Lummis Pushes 21st Century Mortgage Act, Offering Boost for SHIB Holders](https://news.shib.io/2025/08/27/senator-lummis-pushes-21st-century-mortgage-act-offering-boost-for-shib-holders/): Summary: What is the goal of the 21st Century Mortgage Act? The bill aims to modernize the U.S. mortgage system by allowing borrowers to include digital assets on their balance sheets when applying for loans. It seeks to make homeownership more accessible for first-time buyers in the digital era. The legislation also directs Fannie Mae and Freddie Mac to consider these assets without requiring conversion into U.S. dollars.         Listen to This Article           Prefer to listen? Hit play below to hear the narrated version.               Senator Cynthia Lummis has pressed forward with her 21st Century - [Trump Ousts Federal Reserve Governor, Sparking Legal and Market Drama](https://news.shib.io/2025/08/27/trump-ousts-federal-reserve-governor-sparking-legal-and-market-drama/): Summary: Why did President Trump remove Federal Reserve Governor Lisa Cook? President Trump removed Lisa Cook, alleging she made false statements on mortgage documents and questioning her integrity. He argued that officials guiding the Federal Reserve must maintain public trust and that Cook’s conduct undermined that confidence. The move has sparked legal challenges and debate over the limits of presidential authority.         Listen to This Article           Prefer to listen? Hit play below to hear the narrated version.               U.S. President Donald Trump has removed Federal Reserve Governor Lisa Cook from her position, triggering a legal - [Commerce Department to Publish Economic Data on Blockchain in Historic Step](https://news.shib.io/2025/08/27/commerce-department-to-publish-economic-data-on-blockchain-in-historic-step/): Summary: What is the U.S. Commerce Department planning to do with economic data? The Department of Commerce plans to publish key economic statistics, including GDP figures, on the blockchain. This move is intended to make government data more secure, transparent, and accessible. The initiative will start with GDP data and may expand to other federal departments over time.         Listen to This Article           Prefer to listen? Hit play below to hear the narrated version.               U.S. Commerce Secretary Howard Lutnick has announced that the Department of Commerce has plans to publish key economic statistics, including - [Home Crypto Mining: Is It Still Worth It or a Thing of the Past?](https://news.shib.io/2025/08/27/home-crypto-mining-is-it-still-worth-it-or-a-thing-of-the-past/): Key points:         Listen to This Article           Prefer to listen? Hit play below to hear the narrated version.               Remember the early days of Bitcoin when you could mine coins right from your laptop in your bedroom? The thrill of watching your first coins appear was real, and home crypto mining felt like a small adventure anyone could join. Fast forward to today, and things have changed. Industrial-scale operations dominate the scene, electricity bills are higher, and rewards aren’t as easy to come by. So the big question is: is home crypto mining still worth - [Global Regulators Warn SEC: Tokenized Stocks Could Risk Investors’ Cash](https://news.shib.io/2025/08/26/global-regulators-warn-sec-tokenized-stocks-could-risk-investors-cash/): Summary: Why are global regulators concerned about tokenized stocks? Regulators warn that tokenized stocks can pose risks to investors because they don’t always provide the same rights as traditional shares, such as voting or dividends. They also caution that these products could harm market integrity if misrepresented as equivalent to real stocks. As a result, authorities are urging stricter oversight and clearer legal frameworks for these digital assets.         Listen to This Article           Prefer to listen? Hit play below to hear the narrated version.               Global market regulators, including the World Federation of Exchanges (WFE), - [Citi Warns High-Yield Stablecoins Could Shake Crypto Markets, SHIB Impact](https://news.shib.io/2025/08/26/citi-warns-high-yield-stablecoins-could-shake-crypto-markets-shib-impact/): Summary: Why is Ronit Ghose warning about high-yield stablecoins? Citi’s Ronit Ghose warned that offering interest on stablecoins could cause large withdrawals from banks, similar to the surge of money market funds in the 1980s. This shift could raise banks’ funding costs, leading to higher borrowing expenses for households and businesses. Experts caution that widespread movement toward high-yield stablecoins may disrupt the traditional banking sector and credit markets.         Listen to This Article           Prefer to listen? Hit play below to hear the narrated version.               Ronit Ghose, Global Head of Citi’s Future of Finance division, - [Japan’s Finance Minister Backs Crypto — What It Could Mean for SHIB](https://news.shib.io/2025/08/26/japans-finance-minister-backs-crypto-what-it-could-mean-for-shib/): Summary: What did Japan’s Finance Minister say about cryptocurrencies and investment? Japanese Finance Minister Katsunobu Kato highlighted that cryptocurrencies, despite their high volatility, can be part of diversified investment portfolios if a proper investment environment is created. He emphasized that the government is working to balance regulation with innovation. These efforts aim to build a safer and more structured market for crypto investors.         Listen to This Article           Prefer to listen? Hit play below to hear the narrated version.               Japanese Finance Minister Katsunobu Kato has acknowledged that cryptocurrencies can play a role in diversified - [Psychic’s Tip Sparks $80M Crypto Loss for Billionaire Heiress in Feud](https://news.shib.io/2025/08/26/psychics-tip-sparks-80m-crypto-loss-for-billionaire-heiress-in-feud/): Summary: How did billionaire heiress Taylor Thomson lose over $80 million in cryptocurrency? Taylor Thomson reportedly lost more than $80 million after following investment guidance from a celebrity psychic and other spiritual advisors. Her former friend Ashley Richardson managed millions of her crypto holdings and carried out numerous trades, some allegedly without proper authorization. The 2022 crypto market downturn then caused the portfolio’s value to plummet, resulting in the substantial losses.         Listen to This Article           Prefer to listen? Hit play below to hear the narrated version.               Billionaire heiress Taylor Thomson, heir to the - [Wallet Wars: Non-Custodial vs Custodial Wallets — Who Holds Your Crypto Keys?](https://news.shib.io/2025/08/26/wallet-wars-non-custodial-vs-custodial-wallets-who-holds-your-crypto-keys/): Key points:         Listen to This Article           Prefer to listen? Hit play below to hear the narrated version.               Imagine waking up one morning, grabbing your phone to check your crypto balance, and realizing you can’t access a single coin. Panic sets in, right? Maybe your wallet got hacked, or you forgot a password. It’s a nightmare scenario that every crypto user wants to avoid. This brings us to the big question: who should really hold your crypto keys? Should you trust an exchange to manage your funds safely, or do you want full control - ['Coinbase Hacker' Spends $8M on Solana — SHIB Holders Take Note](https://news.shib.io/2025/08/25/coinbase-hacker-spends-8m-on-solana-shib-holders-take-note/): Summary: What recent activity has the Coinbase Hacker conducted? The Coinbase Hacker recently spent nearly $8 million buying Solana, after previously selling large amounts of Ether. This shows that stolen crypto can still move even when wallets are publicly tracked. Blockchain transparency allows monitoring, but it doesn’t prevent the transfer of funds once they reach exchanges or platforms. A crypto wallet linked to the so-called “Coinbase Hacker,” accused of stealing over $300 million from Coinbase users, has reportedly purchased nearly $8 million worth of Solana (SOL). Blockchain analytics platform Lookonchain reported that the hacker converted DAI to USDC, bridged the - [Ethereum Gaming Network Xai Sues Elon Musk’s xAI Over Trademark Clash](https://news.shib.io/2025/08/25/ethereum-gaming-network-xai-sues-elon-musks-xai-over-trademark-clash/): Summary: Why is Xai suing Elon Musk’s xAI? Xai claims Musk’s xAI infringes on its trademark and creates marketplace confusion. The company argues Musk’s entry into gaming worsened the issue, with people and media mistaking the two brands as connected. Xai is seeking damages, cancellation of xAI’s applications, and a court order blocking Musk’s company from using the name in gaming and blockchain.         Listen to This Article           Prefer to listen? Hit play below to hear the narrated version.               Ethereum-based gaming network Xai has taken legal action against Elon Musk’s AI venture, xAI, accusing - [Urgent iOS Update Released After Zero-Click Hack Targets Crypto](https://news.shib.io/2025/08/25/urgent-ios-update-released-after-zero-click-hack-targets-crypto/): Summary: Why is the Apple zero-click vulnerability dangerous for crypto users? The flaw allows hackers to access devices and potentially steal wallet apps or exchange credentials without user action. This makes crypto holdings especially vulnerable because transactions are irreversible. Users are urged to update devices, use strong passwords, and consider extra security like hardware wallets or multi-factor authentication.         Listen to This Article           Prefer to listen? Hit play below to hear the narrated version.               Apple has issued an emergency update to fix a zero-click vulnerability in iPhones, iPads, and Macs that could allow hackers - [Pavel Durov Says France Has No Case, Blasts “Strange” Telegram Probe](https://news.shib.io/2025/08/25/pavel-durov-says-france-has-no-case-blasts-strange-telegram-probe/): Summary: What does Pavel Durov say about the investigation against him and Telegram? Durov says the “criminal investigation” is “still struggling to find” any wrongdoing by him or Telegram. He emphasizes that the platform follows industry-standard moderation and complies with legal requests. He also argues that his arrest was legally and logically unjustified.         Listen to This Article           Prefer to listen? Hit play below to hear the narrated version.               Telegram CEO Pavel Durov has offered a new update on his ongoing legal battle in France, addressing the investigation targeting both him and his encrypted - [Coins vs Tokens: Key Differences Every Crypto User Should Know](https://news.shib.io/2025/08/25/coins-vs-tokens-key-differences-every-crypto-user-should-know/): Key points:         Listen to This Article           Prefer to listen? Hit play below to hear the narrated version.               If you’ve ever dipped a toe into the world of crypto, you’ve probably stumbled across the debate of coins vs tokens, and maybe wondered why everyone seems to use the terms interchangeably. Spoiler: they’re not the same thing, even if people sometimes toss them around like synonyms. The confusion is totally normal. After all, both live on blockchains, both have value, and both can be traded. But here’s the catch: their roles, how they’re created, and - [Shiba Inu Reveals LEASH v2 Token Design: Simple, Secure, Auditable](https://news.shib.io/2025/08/22/shiba-inu-reveals-leash-v2-token-design-simple-secure-auditable/): In Brief Shiba Inu’s lead developer has unveiled the technical blueprint for the long-awaited LEASH v2 token—a redesign that strips complexity back to its core, eliminates minting risks, and hands final supply control to the DAO, directly addressing the concerns that arose from the v1 token’s rebase mechanism. A ‘No Mint’ Migrator The cornerstone of the new system’s security is its migrator contract. To eliminate any possibility of unauthorized token creation, the contract will not have a minting function.  “The migrator will not have any power to mint tokens,” Dhairya explained. Instead, the entire supply of LEASH v2 will be - [Shiba Inu Developer Unveils New LEASH v2 Migration Strategy](https://news.shib.io/2025/08/22/shiba-inu-developer-unveils-new-leash-v2-migration-strategy/): In Brief After a series of updates from the core team, Shiba Inu’s lead developer has unveiled a migration plan designed to restore fairness for LEASH holders. The strategy combines a ratio-based conversion with targeted snapshots, aiming to protect long-term investors and chart a path out of the rebase controversy. In his latest blog post published Friday, lead developer Kaal Dhairya addressed the challenges posed by LEASH v1’s unexpected rebases, which continue to affect the token’s supply. “Rebases on LEASH v1 are still being triggered, but our job is to protect holders and deliver a smooth, verifiable migration to LEASH - [Shiba Inu Bullish Divergence Signals Possible 155% Price Explosion](https://news.shib.io/2025/08/22/shiba-inu-bullish-divergence-signals-possible-155-price-explosion/): In Brief 🎧 Listen to This Article Hit play below to hear the narrated version. Shiba Inu (SHIB) could be on the verge of a major rally, with an analyst eyeing a potential 155% price surge if current technical patterns hold.  Crypto analyst Javon Marks has identified a technical pattern in the Shiba Inu price chart that he suggests could signal a significant upward movement. The analyst pointed to an ongoing “bullish divergence,” a pattern he believes could precede a price rally of over 155% from current levels. In a recent post on the social media platform X, Marks stated - [K9 Finance DAO's Bonecrusher v3 Now Brings New Pools to Shibarium](https://news.shib.io/2025/08/22/k9-finance-daos-bonecrusher-v3-now-brings-new-pools-to-shibarium/): In Brief 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. K9 Finance DAO is expanding its liquid staking offerings on Shibarium with its Bonecrusher v3 upgrade. The major update, which went live on August 21, brings new yield farming pools to the network’s largest protocol by total value locked (TVL) and overhauls its reward structure for participants. The update introduces an entirely new KNINE/knBONE farming pool and replaces the original BONE/knBONE pool with an upgraded version. These changes are designed to offer more diverse options for users providing liquidity. As part of - [K-Drama Star Faces 3-Year Jail for Using Company Funds to Buy Crypto](https://news.shib.io/2025/08/22/k-drama-star-faces-3-year-jail-for-using-company-funds-to-buy-crypto/): Summary: Why is K-Drama star Hwang Jung-eum facing jail time in South Korea? Hwang is accused of using 4.3 billion won ($3.3M) from her entertainment agency to buy cryptocurrency in 2022. She transferred part of the funds to her personal account and used the rest for taxes. Prosecutors are seeking a three-year prison sentence, while her legal team says she has repaid the money and asks for leniency.         Listen to This Article           Prefer to listen? Hit play below to hear the narrated version.               South Korean prosecutors have sought a three-year prison sentence for - [PA Lawmaker Proposes HB1812 to Ban Officials from Trading Crypto — SHIB Alert](https://news.shib.io/2025/08/22/pa-lawmaker-proposes-hb1812-to-ban-officials-from-trading-crypto-shib-alert/): Summary: What is HB1812 and what does it do? HB1812 is a bill introduced by Pennsylvania State Representative Ben Waxman to prevent elected officials and their families from profiting from cryptocurrency while in office. It bars transactions over $1,000 and requires divestment of existing crypto within 90 days. The legislation reflects broader efforts to increase transparency and oversight in the crypto market.         Listen to This Article           Prefer to listen? Hit play below to hear the narrated version.               Pennsylvania State Representative Ben Waxman has introduced legislation seeking to prohibit elected officials and their families - [Kanye West Drops YZY Token After Rocky History With Crypto](https://news.shib.io/2025/08/22/kanye-west-drops-yzy-token-after-rocky-history-with-crypto/): Summary: What happened when Kanye West launched the YZY token? Kanye West debuted the YZY token on the Solana blockchain, and it initially surged to a $3 billion market capitalization. Early insider sales caused most of those gains to vanish, and the token later fell to around $103 million. The majority of YZY tokens were concentrated among insiders, with one wallet holding 87% of the total supply.         Listen to This Article           Prefer to listen? Hit play below to hear the narrated version.               Grammy-winning rapper Kanye West, also known as Ye, has debuted the - [Scammer Poses as UK Law Enforcement Officer, Steals $2.8M in Bitcoin](https://news.shib.io/2025/08/22/scammer-poses-as-uk-law-enforcement-officer-steals-2-8m-in-bitcoin/): Summary: How did the scammer steal $2.8M in Bitcoin? A scammer posed as a senior UK law enforcement officer and convinced the victim to enter their seed phrase on a fake website. Believing they were following police instructions, the victim unknowingly gave the scammer full access to their wallet. The scammer then withdrew all of the victim’s Bitcoin.         Listen to This Article           Prefer to listen? Hit play below to hear the narrated version.               North Wales Police have launched an investigation into a case in which a scammer impersonating a senior UK law enforcement - [Stablecoins Explained: How They Connect Fiat and Crypto Worlds](https://news.shib.io/2025/08/22/stablecoins-explained-how-they-connect-fiat-and-crypto-worlds/): Key points:         Listen to This Article           Prefer to listen? Hit play below to hear the narrated version.               If you’ve ever peeked into the world of crypto, you’ve probably noticed one thing right away: prices can swing wildly. One day your favorite coin is soaring, the next it’s taking a nosedive. Enter stablecoins, the digital version of a safety net that keeps your money steady while still letting you play in the crypto playground. Stablecoins solve a simple but crucial problem: they bridge the gap between the unpredictable world of cryptocurrencies and the familiar - [The Proving Ground](https://news.shib.io/2025/08/21/the-proving-ground/) - [Fed Official Says DeFi Is Safe: What This Means for SHIB Holders](https://news.shib.io/2025/08/21/fed-official-says-defi-is-safe-what-this-means-for-shib-holders/): Summary: What did Federal Reserve Governor Waller say about DeFi and stablecoins? Waller emphasized that DeFi and stablecoins are safe and part of a technology-driven revolution in payments. He compared DeFi transactions to everyday debit card use, showing they are not inherently risky. He also emphasized that supportive regulation could help these digital assets reach their full potential. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Federal Reserve Governor Christopher Waller has urged policymakers and financial institutions to embrace decentralized finance and stablecoins, describing them as catalysts for innovation in the U.S. payments - [Elon Musk Halts ‘America Party’ Plans to Back VP JD Vance in 2028](https://news.shib.io/2025/08/21/elon-musk-halts-america-party-plans-to-back-vp-jd-vance-in-2028/): Summary: Why did Elon Musk halt plans for the America Party? Elon Musk stepped back from creating the America Party to focus on his business ventures and maintain ties with Vice President JD Vance. He reportedly worried that forming a new party could split Republican voters and weaken the party’s election chances. This move also helps ease tensions within the GOP ahead of upcoming midterm elections. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Billionaire entrepreneur Elon Musk has reportedly stepped back from plans to launch his proposed “America Party” and has shifted - [Bitcoin Mining Costs Surge as US Tariffs Hammer Imported Rigs](https://news.shib.io/2025/08/21/bitcoin-mining-costs-surge-as-us-tariffs-hammer-imported-rigs/): Summary: Why are Bitcoin mining costs rising for U.S. miners? U.S. Bitcoin miners are facing higher costs due to tariffs on imported mining equipment from China and other Asian countries. These tariffs, combined with supply chain disruptions, are making specialized hardware more expensive and harder to access. As a result, mining operations must navigate both financial and logistical challenges to maintain production. U.S. Bitcoin miners have been confronting rising expenses and increased regulatory scrutiny as ongoing trade tensions create uncertainty, with potential Customs and Border Protection (CBP) disputes threatening significant financial liabilities for domestic firms. The Miner Mag’s latest Bitcoin - [The Digital Family Safe: How Multi-Sig Wallets Protect Shared Crypto](https://news.shib.io/2025/08/21/the-digital-family-safe-how-multi-sig-wallets-protect-shared-crypto/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Picture this: your neighbors are planning a dream family vacation. Everyone chips in for the flights, hotels, and activities, but instead of stuffing cash under the mattress, they’re pooling their crypto. Enter multi-sig wallets, a kind of digital family safe where multiple approvals are needed before any funds can be spent. Suddenly, managing money together becomes safer and a lot more fun. Crypto isn’t just for tech geeks or Wall Street types anymore, it’s slowly weaving its way into everyday family life, from - [Shibarium Builder Spotlight: Hoichi’s Torii Gateway Expands Across Blockchains](https://news.shib.io/2025/08/21/shibarium-builder-spotlight-hoichis-torii-gateway-expands-across-blockchains/): Summary: How does Hoichi’s Torii Gateway benefit Shibarium users? The Torii Gateway enables seamless movement between Shibarium and other blockchains, giving users broader access to services. It lowers transaction costs and ensures secure transfers through Fusion DCRM technology. The platform also helps newcomers explore crypto safely while aiming to make Shibarium their preferred home. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Stan and Samantha, co-founders of the Shibarium-based crypto project Hoichi, have appeared on Shy Speaks, the podcast hosted by Shiba Inu lead developer Shytoshi Kusama, to discuss their Torii Gateway platform - [South Korea Suspends Crypto Lending on Local Exchanges Amid Safety Concerns](https://news.shib.io/2025/08/20/south-korea-suspends-crypto-lending-on-local-exchanges-amid-safety-concerns/): Summary: Why did South Korea suspend crypto lending on local exchanges? South Korea suspended crypto lending due to concerns over insufficient investor protections. Regulators worry users could face large losses if asset values fluctuate sharply. They are now developing guidelines to ensure safer and more transparent lending practices. South Korean financial regulators have announced plans to develop guidelines for virtual asset lending services in collaboration with the industry next month. The move follows concerns over insufficient investor protections in the offerings recently launched by leading domestic exchanges Upbit and Bithumb. Local news outlet Yonhap News reported that South Korea’s Financial - [Federal Reserve Official Says Staff Should Own Crypto: What This Means for SHIB](https://news.shib.io/2025/08/20/federal-reserve-official-says-staff-should-own-crypto-what-this-means-for-shib/): Summary: How could Federal Reserve staff owning crypto impact the broader market? Allowing Fed employees to hold small amounts of crypto could help them gain practical experience with digital assets. This hands-on knowledge may lead to smarter, more informed regulatory decisions. As a result, the market could benefit from clearer rules, improved liquidity, and greater confidence among investors. Federal Reserve Vice Chair for Supervision Michelle Bowman has suggested that the US central bank reconsider its restrictions preventing employees from purchasing cryptocurrencies, arguing that easing the ban could allow staff to gain a deeper understanding of the technology. Speaking at the - [SEC Signals Most Tokens Aren’t Securities: What It Means for SHIB Holders](https://news.shib.io/2025/08/20/sec-signals-most-tokens-arent-securities-what-it-means-for-shib-holders/): Summary: How could the SEC’s stance on securities affect crypto markets? SEC Chair Paul Atkins indicated that most crypto tokens are not securities, reducing the risk of trading restrictions or liquidity issues. This approach creates a clearer and more predictable regulatory environment for digital assets. It could also encourage broader adoption and greater institutional participation in the crypto market. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins has indicated that only a limited number of crypto tokens should be classified as securities, signaling a - [Tether Hires Ex-White House Crypto Director Bo Hines for US Push](https://news.shib.io/2025/08/20/tether-hires-ex-white-house-crypto-director-bo-hines-for-us-push/): Summary: Who is Bo Hines and what role will he play at Tether? Bo Hines is the former executive director of the White House Crypto Council under President Trump. He has been appointed as Tether’s Strategic Advisor for Digital Assets and U.S. Strategy. In this role, he will help guide Tether’s U.S. expansion, work with regulators, and support the company’s efforts to strengthen its presence in the American market. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Tether Limited, the issuer of the USDT stablecoin, has named Bo Hines, former executive director of - [Dividing Crypto in Divorce: Who Gets the Wallet, Keys, and NFTs?](https://news.shib.io/2025/08/20/dividing-crypto-in-divorce-who-gets-the-wallet-keys-and-nfts/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Divorce meets the digital age. Crypto, NFTs, and other Web3 assets are no longer just futuristic buzzwords; they are officially part of the marital property conversation. That means “crypto in divorce” is not just a headline, it is a reality some couples are facing today. Unlike splitting a savings account or dividing a house, digital assets come with a twist. You cannot exactly hand over a Bitcoin like a check, and NFTs are not just pictures you can file under “shared property.” There - [South Korea Cracks Down on Crypto Taxes: What SHIB Holders Must Know](https://news.shib.io/2025/08/19/south-korea-cracks-down-on-crypto-taxes-what-shib-holders-must-know/): Summary: Why is it important to stay compliant with crypto taxes? South Korea’s crackdown on unpaid crypto taxes highlights the need for proper reporting. Crypto holders should declare trades and income accurately to avoid fines or legal issues. Staying compliant also supports the integrity and security of the broader digital asset ecosystem. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Jeju City, the capital of South Korea’s Jeju Province, has concluded an extensive investigation into the cryptocurrency holdings of alleged tax delinquents, aiming to recover unpaid taxes through the seizure of digital assets. - [Influencer Sentenced 1 Year for $3.5M Cryptojacking Scam](https://news.shib.io/2025/08/19/influencer-sentenced-1-year-for-3-5m-cryptojacking-scam/): Summary: How did Charles O. Parks III carry out his cryptojacking scheme? Parks exploited cloud computing services without permission to mine cryptocurrency, siphoning over $3.5 million in resources. He used multiple aliases and fake companies to gain elevated access. Parks also avoided provider scrutiny while publicly boasting about his illicit gains. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. A U.S. federal judge has sentenced crypto influencer Charles O. Parks III, known online as CP3O, to one year and one day in prison for orchestrating a multimillion-dollar cryptojacking scheme that exploited cloud computing - [Thailand’s TouristDigiPay Crypto Sandbox Could Open Doors for SHIB](https://news.shib.io/2025/08/19/thailands-touristdigipay-crypto-sandbox-could-open-doors-for-shib/): Summary: What is Thailand’s TouristDigiPay program and how does it work? TouristDigiPay is a crypto tourism sandbox that lets foreign visitors convert digital assets into Thai baht for spending. The program operates under strict regulations, including KYC checks, transaction limits, and oversight by the SEC and Bank of Thailand. It is designed to provide a secure and regulated way for tourists to use cryptocurrency during their stay. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The Thai government has announced it will roll out “TouristDigiPay,” a new initiative aimed at boosting tourism by - [Crypto Custody Battles: Who Really Owns a Child’s Digital Fortune?](https://news.shib.io/2025/08/19/crypto-custody-battles-who-really-owns-a-childs-digital-fortune/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Imagine this: your 10-year-old just got their first slice of Bitcoin for their birthday. Exciting, right? But here’s the twist. While the crypto technically belongs to them, the keys and control are likely in your hands. Welcome to the world of crypto custody, where ownership and access don’t always match up and the rules of the blockchain collide with the rules of parenthood. Across the globe, more kids are receiving crypto through gifts from generous relatives, early investments parents set up, or even - [North Korea’s Lazarus Group Tied to $23M UK Crypto Heist on Lykke](https://news.shib.io/2025/08/19/north-koreas-lazarus-group-tied-to-23m-uk-crypto-heist-on-lykke/): Summary: Who was behind the $23 million hack of the UK crypto exchange Lykke? The Lazarus Group, a cybercrime organization linked to North Korea, has been connected to the hack. They stole 158 Bitcoin and 2,161 Ethereum, laundering the Ethereum through DAI while moving the Bitcoin across multiple wallets. The attack contributed to Lykke’s collapse and subsequent liquidation. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The Lazarus Group, a cybercrime organization linked to North Korea, has been connected to a $23 million hack of the now-defunct UK crypto exchange Lykke, a breach - [Japan Set to Launch First Yen-Backed Stablecoin This Fall](https://news.shib.io/2025/08/18/japan-set-to-launch-first-yen-backed-stablecoin-this-fall/): Summary: How could Japan’s yen-backed stablecoin affect the crypto market? The introduction of a yen-backed stablecoin could increase legitimacy and regulatory clarity for digital assets. This may encourage more institutional and retail investors to participate in crypto markets. Higher adoption and liquidity could benefit the broader ecosystem and create new opportunities for DeFi and payment applications. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Japan’s Financial Services Agency (FSA) has announced it will approve the country’s first yen-backed stablecoin, enabling fiat-backed digital tokens as early as this fall. According to local news outlets, - [US Treasury Eyes Digital ID in DeFi to Curb Crypto Crime and Fraud](https://news.shib.io/2025/08/18/us-treasury-eyes-digital-id-in-defi-to-curb-crypto-crime-and-fraud/): Summary: What is the U.S. Treasury considering to reduce crypto crime in DeFi? The Treasury is exploring the use of digital identity tools and other emerging technologies to prevent illicit activity in crypto markets. This could include embedding identity verification directly into DeFi smart contracts. Public feedback will guide research, reports, and potential new regulations. The U.S. Department of the Treasury has announced it is soliciting public input on the use of digital identity tools and emerging technologies to combat illicit activity in crypto markets, including the potential integration of identity verification directly into decentralized finance (DeFi) smart contracts. Published - [Doggy DAO Expands Governance with New Flexible Voting Strategies](https://news.shib.io/2025/08/18/doggy-dao-expands-governance-with-new-flexible-voting-strategies/): 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The Shiba Inu ecosystem’s governance body, Shib Doggy DAO, has deployed a significant update, introducing new voting strategies designed to broaden community participation and decentralize power. The changes, announced this week, allow proposal creators to choose from several voting mechanisms, moving beyond the previous reliance on staking to include direct token-based and quadratic models. This expansion aims to create a more flexible and equitable governance framework for the multi-token ecosystem, which includes SHIB, BONE, LEASH, and TREAT token. Key Developments Flexible Voting Mechanisms Introduced - [SEC Shifts Gears: Paul Atkins Signals New U.S. Crypto Regulation Ahead](https://news.shib.io/2025/08/18/sec-shifts-gears-paul-atkins-signals-new-u-s-crypto-regulation-ahead/): Summary: How could the SEC’s new crypto regulation affect crypto investors? Clearer guidance from the SEC could give investors more confidence to plan long-term strategies. It may also encourage both retail and institutional participants to engage more actively in the market, boosting liquidity. Overall, a shift toward proactive policy could strengthen trust and credibility across the crypto ecosystem. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins has said the agency is “mobilizing” to establish the U.S. as a global hub for digital assets, echoing - [Federal Reserve Ends Special Crypto Oversight Amid “Debanking” Debate](https://news.shib.io/2025/08/18/federal-reserve-ends-special-crypto-oversight-amid-debanking-debate/): Summary: Why is the Federal Reserve ending its specialized oversight program for crypto and fintech activities? The Fed is retiring the program to return to standard supervisory procedures while continuing to monitor banks’ emerging financial activities. The move follows political pressure and criticism from pro-crypto lawmakers, who argued the program contributed to “debanking” digital asset companies. Officials say the initiative has already improved their understanding of the risks associated with crypto and fintech operations. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The U.S. Federal Reserve has announced it will retire its specialized - [Crypto Travel Made Easy: 6 Countries Where Your Coins Go Further](https://news.shib.io/2025/08/18/crypto-travel-made-easy-6-countries-where-your-coins-go-further/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Crypto travel is no longer a futuristic dream. Today, using cryptocurrency while exploring the world is becoming a real, practical option for travelers. From booking flights to grabbing a meal at a local café, digital currencies are slowly making their way into everyday travel experiences. As of 2025, several countries have officially embraced crypto in their tourism sectors, making it easier than ever to spend Bitcoin, Ethereum, and other digital coins on real-world services. This shift isn’t just about trendy tech. It’s driven - [US Treasury Cracks Down on Garantex: Implications for SHIB Holders](https://news.shib.io/2025/08/15/us-treasury-cracks-down-on-garantex-implications-for-shib-holders/): Summary: Why did the U.S. Treasury sanction Garantex and Grinex? The Treasury targeted Garantex and its successor Grinex for facilitating crypto transactions tied to ransomware groups and other cybercriminal activity. The exchanges allegedly moved wallets to avoid detection and provided false account information. Sanctions aim to protect the broader crypto ecosystem by cracking down on illicit platforms. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The U.S. Treasury Department has renewed its crackdown on Russian-linked crypto operations, redesignating the exchange Garantex Europe OU and imposing sanctions on its successor, Grinex, three years after - [Justin Sun Sues Bloomberg Over Alleged False Crypto Wealth Report](https://news.shib.io/2025/08/15/justin-sun-sues-bloomberg-over-alleged-false-crypto-wealth-report/): Summary: Why did Justin Sun sue Bloomberg? Justin Sun filed a lawsuit against Bloomberg, claiming the outlet published false and private details about his cryptocurrency holdings in its Billionaires Index. He alleged the report linked him to assets he never owned while omitting ones he does hold. Bloomberg plans to contest the lawsuit, arguing it has First Amendment protections and that Sun cannot show irreparable harm. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Justin Sun, founder of the blockchain platform Tron, has filed a lawsuit against major news outlet Bloomberg and requested - [Spar Goes Crypto: Swiss Grocery Giant Lets Shoppers Pay with Stablecoins](https://news.shib.io/2025/08/15/spar-goes-crypto-swiss-grocery-giant-lets-shoppers-pay-with-stablecoins/): Summary: Can customers now pay with crypto at Spar stores in Switzerland? Yes, Spar has partnered with Binance Pay and DFX to allow payments with Bitcoin, stablecoins, and over 100 other cryptocurrencies at more than 100 locations. The system is gas-free, settles in Swiss francs or other currencies, and offers merchants faster transactions with lower fees. This rollout also signals potential increased adoption of tokens like SHIB in everyday retail. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Spar, a major international grocery and retail chain, has partnered with Binance Pay and Swiss - [Scott Bessent Reverses: US Treasury Still Eyeing Bitcoin Reserve Purchases](https://news.shib.io/2025/08/15/scott-bessent-reverses-us-treasury-still-eyeing-bitcoin-reserve-purchases/): Summary: Is the U.S. Treasury still planning to buy Bitcoin for its Strategic Bitcoin Reserve? Yes, Treasury Secretary Scott Bessent clarified that the department is exploring budget-neutral ways to acquire Bitcoin for the reserve. The Bitcoin already seized by the federal government will form the foundation of the reserve. Despite earlier comments suggesting otherwise, the initiative remains an active part of the U.S. digital asset strategy. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. U.S. Treasury Secretary Scott Bessent has clarified that the department is continuing to explore budget-neutral options to acquire Bitcoin - [5 Crypto Wallet Mistakes That Cost People Millions](https://news.shib.io/2025/08/15/5-crypto-wallet-mistakes-that-cost-people-millions/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Imagine waking up one day to check your crypto wallet and realizing it’s empty, millions gone with a single mistake. It sounds like a nightmare, but for some unlucky holders, it’s very real. From typos to scams, a single slip can turn a fortune into vapor. Your crypto wallet isn’t just an app, it’s your digital vault, your passport to the blockchain, and your personal bank all rolled into one. Lose control of it, and you lose access to everything. That’s why understanding - [Shedding Skin](https://news.shib.io/2025/08/14/shedding-skin/) - [Crypto Scam: Fake Law Firms Target Victims, What SHIB Holders Should Know](https://news.shib.io/2025/08/14/crypto-scam-fake-law-firms-target-victims-what-shib-holders-should-know/): Summary: How can crypto users protect themselves from fake law firms claiming to recover lost funds? Users should be cautious when approached by services claiming to recover lost crypto. They must verify the legitimacy of any law firm or recovery service before sharing personal or financial information. Relying only on trusted and verified platforms helps protect assets and avoid falling victim to scams. The Federal Bureau of Investigation (FBI) has issued an updated public advisory warning about fake law firms preying on cryptocurrency scam victims with false promises of fund recovery. The revised alert outlines new red-flag indicators to help - [BlackSuit Ransomware Busted in Major Global Crackdown on Crypto Threats](https://news.shib.io/2025/08/14/blacksuit-ransomware-busted-in-major-global-crackdown-on-crypto-threats/): Summary: What was the result of the operation against the BlackSuit Ransomware group? Authorities seized over $1 million in digital assets and dismantled four servers and nine domains linked to the group. The operation involved multiple U.S. agencies and international law enforcement partners. This action disrupted BlackSuit’s ransomware activities targeting critical infrastructure. The U.S. Department of Justice (DOJ) has announced a coordinated operation targeting the BlackSuit Ransomware group, resulting in the seizure of over $1 million in digital assets and the dismantling of servers and domains linked to the group’s attacks on critical infrastructure. An official press release from the - [Google Play New Crypto Wallet Rules Spare Non-Custodial Apps](https://news.shib.io/2025/08/14/google-play-new-crypto-wallet-rules-spare-non-custodial-apps/): Summary: Does the Google Play new crypto wallet rules affect non-custodial apps? No, the updated rules do not apply to non-custodial wallets. Developers of custodial wallets must obtain proper licensing and comply with industry standards in certain regions. Non-custodial apps can continue operating without these new requirements. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Google’s official digital store, Google Play, has revised its policy to require crypto wallet providers to obtain proper licensing and adhere to “industry standards,” though the changes will not impact non-custodial wallets. The updated policy, set to take - [North Korean IT Operatives Used 30+ Fake Identities to Join Crypto Projects](https://news.shib.io/2025/08/14/north-korean-it-operatives-used-30-fake-identities-to-join-crypto-projects/): Summary: How did North Korean IT operatives infiltrate cryptocurrency projects? According to blockchain investigator ZachXBT, five North Korean IT operatives used over 30 fake identities to secure developer roles. They relied on government IDs, purchased professional accounts, and used tools like AnyDesk and VPNs to mask their locations. The investigation also revealed detailed schedules, communications, and financial records showing how they coordinated and received payments. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Blockchain investigator ZachXBT has revealed a sophisticated operation in which five North Korean IT operatives allegedly used more than 30 - [Family Crypto Savings: How to Move from Piggy Banks to Digital Wallets](https://news.shib.io/2025/08/14/family-crypto-savings-how-to-move-from-piggy-banks-to-digital-wallets/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Remember the good old days of shaking a piggy bank and counting coins with your kids? Saving money used to be all about jars, drawers, and little envelopes stuffed under the mattress. Today, the world looks a little different, your smartphone might be the new piggy bank, and crypto savings are becoming a tool families can actually use to grow money together. Don’t worry if the word “crypto” feels intimidating. Think of it as digital money that lives in a secure online wallet - [GENIUS Act Loophole Could Shake Stablecoin Market](https://news.shib.io/2025/08/13/genius-act-loophole-could-shake-stablecoin-market/): Summary: What risk do U.S. banks see in the GENIUS Act’s stablecoin rules? U.S. banks warn that a loophole could let stablecoin affiliates pay yields, bypassing the law. This may trigger massive withdrawals from traditional banks, reducing credit flow. If unaddressed, it could raise borrowing costs and limit loans for businesses and households. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Several U.S. banking organizations, spearheaded by the Bank Policy Institute (BPI), have called on Congress to close a “loophole” in the GENIUS Act that could allow stablecoin issuers and their affiliates to - [Vitalik Buterin’s Blockchain Advice – What It Means for SHIB Holders](https://news.shib.io/2025/08/13/vitalik-buterins-blockchain-advice-what-it-means-for-shib-holders/): Summary: What guidance did Vitalik Buterin give on blockchain governance? Vitalik emphasized balancing idea-driven principles with data-driven decisions to keep blockchain systems adaptable and focused. He suggested using data to guide ideas while treating principles as flexible boundaries. This approach helps networks remain resilient, innovative, and better equipped to navigate regulatory and industry demands. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Ethereum co-founder Vitalik Buterin has shared his perspective on balancing idea-driven and data-driven approaches in crypto governance, emphasizing how aligning core principles with empirical evidence could shape blockchain adoption in regulated - [Terraform Collapse: Do Kwon Pleads Guilty to Fraud Charges](https://news.shib.io/2025/08/13/terraform-collapse-do-kwon-pleads-guilty-to-fraud-charges/): Summary: What charges did Do Kwon plead guilty to in the Terraform case? Do Kwon pleaded guilty to two counts: wire fraud and conspiracy to defraud. The charges relate to misleading investors about the stability of TerraUSD and concealing risks tied to its design and reserves. His plea deal includes a recommended 12-year sentence and over $19 million in penalties. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. In a notable turn, Terraform Labs co-founder Do Kwon has amended his plea from not guilty to guilty on two counts, wire fraud and conspiracy - [SEC-Ripple Truce Sets Stage for Crypto Rules — What It Means for SHIB](https://news.shib.io/2025/08/13/sec-ripple-truce-sets-stage-for-crypto-rules-what-it-means-for-shib/): Summary: What does the end of the Ripple case mean for the cryptocurrency industry? The conclusion of the Ripple case allows the SEC to shift its focus toward developing clearer regulations for the crypto market. This clarity could help define how digital assets are classified and traded in the U.S. It also sets the stage for more consistent regulatory guidelines that encourage innovation while protecting investors. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Following the conclusion of its nearly five-year legal battle with Ripple Labs, U.S. Securities and Exchange Commission (SEC) Chairman - [Your Coin Could Be at Risk: 5 Countries Changing Crypto Tax Laws in 2025](https://news.shib.io/2025/08/13/your-coin-could-be-at-risk-5-countries-changing-crypto-tax-laws-in-2025/): Key points:  Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Crypto tax is a hot topic in 2025 as governments worldwide tighten the rules on digital currency. From new IRS forms in the U.S. to tax cuts in Japan and global reporting standards in India, crypto taxes are shaping how investors manage their digital wallets. Why does this matter? Because knowing how different countries handle crypto taxes can help you avoid surprises, keep more of your gains, and stay on the right side of the law. Whether you’re a newbie or a pro, - [FTX Customers Claim Law Firm Helped Hide Billions in Fraud Scheme](https://news.shib.io/2025/08/12/ftx-customers-claim-law-firm-helped-hide-billions-in-fraud-scheme/): Summary: What new allegations have been made against Fenwick & West by FTX Customers? Plaintiffs claim Fenwick & West knowingly aided the FTX fraud by managing conflicted companies and helping hide billions in stolen funds. Evidence from trials and investigations shows the firm was involved in nearly every part of the fraudulent scheme. This has led to calls for updating the lawsuit to hold them accountable. Customers of the now-defunct crypto exchange FTX have moved to amend their lawsuit against law firm Fenwick & West, citing new evidence that implicates the firm in the exchange’s collapse. “Fenwick had actual knowledge - [Elizabeth Warren Threatens Crypto Shakeup as US Senate Eyes CLARITY Act](https://news.shib.io/2025/08/12/elizabeth-warren-threatens-crypto-shakeup-as-us-senate-eyes-clarity-act/): Summary: What is Senator Elizabeth Warren’s position on the CLARITY Act and crypto regulation? Senator Warren supports stronger cryptocurrency regulation but opposes laws influenced by the crypto industry that could increase corruption. She warns that the current framework is too weak and risks harming the economy. Warren plans to challenge the CLARITY Act because she believes it doesn’t provide enough protection for consumers or the market. Senator Elizabeth Warren, a prominent critic of the cryptocurrency industry, has signaled her intent to push back against the current regulatory framework, reaffirming her call for tighter oversight. She also indicated she would oppose - [Elon Musk Threatens Legal Action Over Alleged AI Favoritism in App Store](https://news.shib.io/2025/08/12/elon-musk-threatens-legal-action-over-alleged-ai-favoritism-in-app-store/): Summary: Why is Elon Musk threatening legal action Apple over its App Store rankings? Elon Musk claims Apple unfairly favors OpenAI by blocking other AI competitors like xAI’s Grok from reaching top spots in the App Store. He argues this limits user choice and may violate antitrust laws. Musk is pushing for greater visibility of his AI products on Apple’s platform to ensure a level playing field. Elon Musk, founder and CEO of AI firm xAI, has threatened legal action against Apple, alleging that the company’s App Store unfairly limits AI competitors, excluding OpenAI, from achieving top rankings, accusing Apple - [Israeli Firm Zenity Uncovers Zero-Click Hack That Could Hijack ChatGPT](https://news.shib.io/2025/08/12/israeli-firm-zenity-uncovers-zero-click-hack-that-could-hijack-chatgpt/): Summary: ​​What vulnerability did Israeli firm Zenity discover in ChatGPT? Zenity uncovered a “Zero Click” vulnerability that lets hackers take over ChatGPT accounts using only the user’s email address. Attackers can access past and current chats, change conversation goals, and manipulate the AI without the user’s knowledge. This raises serious concerns about data privacy and security. Israeli cybersecurity firm Zenity has uncovered a vulnerability in ChatGPT that allows attackers to access accounts and extract sensitive data without any user interaction, such as clicking links or opening files. Zenity identified what it calls the first-ever “Zero Click” vulnerability in OpenAI’s ChatGPT - [7 Easy Ways to Use AI for Smarter Crypto Trading](https://news.shib.io/2025/08/12/7-easy-ways-to-use-ai-for-smarter-crypto-trading/): Key points: Crypto trading can feel like a wild rollercoaster, exciting but sometimes confusing, especially for newbies. Luckily, AI is stepping in as the ultimate trading sidekick, making this fast-paced world a bit easier to navigate. From crunching mountains of data to spotting trends faster than you can say “bull run,” AI is changing the game for everyone, not just the pros. Even if you’re just dipping your toes into crypto trading, AI tools can help you trade smarter without needing a PhD in computer science. Think of AI as your friendly co-pilot, handling the boring number-crunching and giving you - [SHIB's High Five](https://news.shib.io/2025/08/11/shibs-high-five/) - [Embargo Ransomware Launders $34M in Crypto — Is SHIB at Risk?](https://news.shib.io/2025/08/11/embargo-ransomware-launders-34m-in-crypto-is-shib-at-risk/): Summary: Could Embargo’s ransomware activity impact the broader crypto ecosystem? Yes, stricter regulations targeting ransomware-linked crypto could disrupt liquidity and cross-chain transfers across many blockchain networks. Increased compliance may lead to slower transactions and limited exchange access. Staying informed on regulatory changes is vital for users and platforms to adapt and maintain smooth operations. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Blockchain analytics firm TRM has revealed that the Embargo ransomware group has transferred more than $34 million in crypto linked to ransom payments since April, targeting U.S. hospitals and vital infrastructure, - [Ethereum Developer Detained in Turkey — What It Could Mean for SHIB](https://news.shib.io/2025/08/11/ethereum-developer-detained-in-turkey-what-it-could-mean-for-shib/): Summary: Why was the Ethereum developer detained in Turkey? The developer was detained over allegations of facilitating the “misuse” of the Ethereum blockchain network. He denies these claims and says all his work is transparent and compliant with regulations. The case raises concerns about how developer liability could impact blockchain projects like Shibarium and SHIB holders. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Turkish authorities have detained a prominent Ethereum developer who goes by the pseudonym “Fede’s Intern” on social media, accusing him of facilitating the “misuse” of the Ethereum blockchain network. - [Patrick Witt Takes Over White House Crypto Council Leadership Role](https://news.shib.io/2025/08/11/patrick-witt-takes-over-white-house-crypto-council-leadership-role/): Summary: Who is the new executive director of the White House Crypto Council? Patrick Witt has reportedly been appointed as the new executive director of the White House Crypto Council. He previously served as deputy director and holds a role at the Department of Defense. Witt succeeds Bo Hines, who stepped down to return to the private sector. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Patrick Witt, deputy director of the White House Crypto Council, has reportedly been appointed as the new executive director, succeeding Bo Hines, who is leaving the role - [Bo Hines Steps Down as White House Crypto Council Executive Director](https://news.shib.io/2025/08/11/bo-hines-steps-down-as-white-house-crypto-council-executive-director/): Summary: Why is Bo Hines stepping down from the White House Crypto Council? Answer: Bo Hines is stepping down to return to the private sector after serving less than a year. He thanked the crypto community and highlighted his work alongside key figures in the administration. His departure comes as the government continues developing crypto policies and strategies. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Bo Hines, executive director of the White House Crypto Council, has announced his departure from the position after serving less than a year, signaling his return to - [How Blockchain Tech Tracks Your Food’s Journey from Farm to Plate](https://news.shib.io/2025/08/11/how-blockchain-tech-tracks-your-foods-journey-from-farm-to-plate/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Food journeys can be pretty mysterious. Think about the last time you grabbed a fresh apple or some juicy salmon. How much do you really know about where it came from or how it got to your plate? Food supply chains are surprisingly complex. Products travel through multiple farms, processing centers, warehouses, and stores before landing in your kitchen. Along the way, information often gets lost or hidden. This makes it hard to verify the freshness, safety, or even the ethical sourcing of - [Controversial Meme Coin Sparks Debate Over Crypto Ethics](https://news.shib.io/2025/08/08/controversial-meme-coin-sparks-debate-over-crypto-ethics/): Summary: Is the controversial meme coin a viral stunt that helps or harms crypto culture? The controversial meme coin’s creators claim their stunt was meant to challenge a toxic crypto landscape by using humor and disruption instead of paid promotion. However, their actions at WNBA games have sparked backlash, raising concerns about misogyny and disrespect in the name of virality. Critics argue that such tactics harm both women’s sports and the credibility of decentralized innovation. Creators behind a controversial meme coin have claimed responsibility for the recent incidents involving sex toys thrown into Women’s National Basketball Association (WNBA) arenas, actions - [Vitalik Cheers ETH Treasury Growth and Champions Privacy](https://news.shib.io/2025/08/08/vitalik-cheers-eth-treasury-growth-and-champions-privacy/): Summary: Why does Vitalik Buterin support ETH treasury firms but warn about privacy risks? Vitalik Buterin supports ETH treasury firms because they help more investors access Ethereum by offering flexible investment options. However, he warns that excessive leverage in these firms could create financial risks. He also stresses that true privacy is essential for user freedom and must be protected from misleading or harmful practices. Ethereum co-founder Vitalik Buterin has endorsed the role of ETH treasury companies in broadening investor access to Ethereum, while also emphasizing the critical importance of genuine privacy in the ecosystem and cautioning against misleading practices - [UK Interest Rate Cuts Spark Crypto Buzz — Could SHIB See a Demand Surge?](https://news.shib.io/2025/08/08/uk-interest-rate-cuts-spark-crypto-buzz-could-shib-see-a-demand-surge/): Summary: Could the UK’s recent interest rate cuts boost demand for cryptocurrencies? With lower interest rates reducing returns on traditional savings, some investors might turn to cryptocurrencies and DeFi platforms seeking higher yields. This shift could increase interest in digital assets as alternative investments. However, it’s still uncertain how significant this impact will be given ongoing economic uncertainties. The Bank of England has reduced its benchmark interest rate to 4%, down from 4.25%, marking the lowest borrowing cost in over two years. This latest reduction marks the fifth interest rate cut since August 2024, though the decision was narrowly approved - [Trump’s Executive Order Sparks 401(k) Shake-Up in Retirement Investing](https://news.shib.io/2025/08/08/trumps-executive-order-sparks-401k-shake-up-in-retirement-investing/): Summary: What does Trump’s executive order change about 401(k) retirement plans? The executive order allows 401(k) plans to include alternative assets like private equity, real estate, and cryptocurrencies. It aims to give investors more options and potentially higher returns. However, some worry these investments carry greater risks and higher fees than traditional options. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. President Donald Trump has signed an executive order that seeks to expand the types of assets available in 401(k) retirement plans, including private equity, real estate, and cryptocurrencies. The move aims to - [Shib Alpha Layer Bridge Unlocks Zero-Fee Utility for Builders](https://news.shib.io/2025/08/08/shib-alpha-layer-bridge-unlocks-zero-fee-utility-for-builders/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The Shib Alpha Layer Bridge isn’t your typical crypto tool. It’s more like a secret portal into a smarter, faster, and cheaper way of doing things in Web3. While most bridges just shuffle your assets from one chain to another and hit you with gas fees at every turn, this one does more. It rewrites the rules. Built right into the Shiba Inu ecosystem, it opens the door to a new phase of infrastructure, one that’s designed with intention, not just iteration. No - [256 ETH Stolen in AI Scam Hijacking YouTube Channels for Crypto Theft](https://news.shib.io/2025/08/07/256-eth-stolen-in-ai-scam-hijacking-youtube-channels-for-crypto-theft/): Summary: How are scammers using YouTube to steal crypto? Scammers hijack old, trusted YouTube channels to promote fake trading bots with hidden smart contracts that drain funds. Victims are tricked into deploying these contracts and sending crypto, losing thousands.  🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Cybersecurity company SentinelLABS has issued a report revealing that cybercriminals are exploiting long-established, credible-seeming crypto YouTube channels to advertise a fraudulent trading bot embedded with a malicious smart contract that drains users’ funds. The SentinelLABS report revealed that these scams are promoted via YouTube videos - [Buterin Urges Faster Ethereum Withdrawals — Could This Boost Shibarium Too?](https://news.shib.io/2025/08/07/buterin-urges-faster-ethereum-withdrawals-could-this-boost-shibarium-too/): Summary: Why does Vitalik Buterin want Ethereum Layer 2 withdrawals to be faster? Buterin believes waiting days to withdraw from Layer 2s is too long and hurts user experience. He says quicker withdrawals would reduce reliance on insecure bridging solutions and lower the cost of capital. Faster, trustless exits would help Ethereum Layer 1 remain the core of its economic ecosystem. 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Ethereum Co-Founder Vitalik Buterin has stated that faster withdrawal times should take precedence over full Layer 2 decentralization, calling it essential to keeping - [Coinbase and Indian Minister Explore Blockchain Push — What It Means for SHIB](https://news.shib.io/2025/08/07/coinbase-and-indian-minister-explore-blockchain-push-what-it-means-for-shib/): Summary: Why is Coinbase’s meeting with Karnataka’s IT Minister significant? The meeting spotlights increasing government interest in using blockchain technology for digital governance and public services. It shows a move from viewing blockchain as just an investment to seeing it as important infrastructure. This signals growing adoption of blockchain in real-world applications and potential collaboration opportunities. 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Coinbase’s Chief Legal Officer, Paul Grewal, has recently met with Karnataka IT Minister Priyank Kharge to discuss potential collaboration on blockchain technology, developer tools, and cybersecurity. The meeting - [US Gov Strikes AI Deal With OpenAI to Deploy ChatGPT Across All Agencies](https://news.shib.io/2025/08/07/us-gov-strikes-ai-deal-with-openai-to-deploy-chatgpt-across-all-agencies/): Summary: Why did the U.S. government partner with OpenAI to use ChatGPT across federal agencies? The partnership is part of a broader effort to modernize government operations using artificial intelligence. Through the deal, agencies will gain low-cost access to ChatGPT Enterprise, along with training and support tools. It also aligns with the White House’s goal of making the U.S. a global leader in AI development. 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The U.S. General Services Administration (GSA) has entered into a new partnership with artificial intelligence (AI) company OpenAI, aiming - [Spending Crypto: What You Can Actually Pay for with Digital Currency](https://news.shib.io/2025/08/07/spending-crypto-what-you-can-actually-pay-for-with-digital-currency/): Key points: 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. If you thought cryptocurrencies were just for buying the latest meme coin or holding as a long-term investment, think again. Spending crypto is quickly becoming a real thing. People are using their digital coins to pay for all sorts of stuff, from everyday essentials to exciting experiences. As more businesses and services open their doors to crypto payments, what once seemed like a futuristic idea is now part of everyday life. In this article, we will dive into the world of spending - [Philippines SEC Targets OKX, Bybit, KuCoin Among Unregistered Crypto Exchanges](https://news.shib.io/2025/08/06/philippines-sec-targets-okx-bybit-kucoin-among-unregistered-crypto-exchanges/): Summary: Why is the Philippine SEC cracking down on unregistered crypto exchanges? The SEC is targeting unregistered crypto exchanges like OKX and Bybit to protect Filipino investors from risks such as fraud and loss of funds. These exchanges lack proper licenses and operate without approval, putting users at risk. The crackdown aims to create a safer, more regulated trading environment for all crypto participants. 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The Philippine Securities and Exchange Commission (SEC) has identified 10 unregistered crypto exchanges, among them OKX, KuCoin, Kraken, and Bybit, - [Shibarium Developer Initiative Launched After 1B Transactions](https://news.shib.io/2025/04/09/shibarium-developer-initiative-launched-after-1b-transactions/): Shibarium marks a milestone, crossing 1 billion transactions, and immediately shifts into high gear, unveiling its bold Shibarium developer initiative designed to spotlight the builders powering its ecosystem. The new program offers builders official recognition and visibility on the network’s website, turning the milestone into a springboard for developer growth. Spotlight Turns to Builders with New Shibarium Developer Initiative Capitalizing on the momentum from this achievement, the Shibarium team quickly formalized the new program focused squarely on the builders innovating on the network. The Shibarium developer initiative aims to recognize and promote the projects actively contributing to the platform’s expanding - [Shiba Inu Deflationary Mechanism Surges 1465%, Fuels Scarcity Narrative](https://news.shib.io/2025/04/09/shiba-inu-deflationary-mechanism-surges-1465-fuels-scarcity-narrative/): Shiba Inu deflationary mechanism kicks into high gear, registering a stunning four-digit percentage surge in token burns and reinforcing the crucial scarcity narrative among investors, even as broader market conditions remain uncertain. The Shiba Inu community is actively working to reshape the token’s supply dynamics, evidenced by a dramatic recent spike in its burning activity. This intensified effort highlights the commitment to SHIB’s long-term tokenomic goals, providing a potentially bullish counterpoint to prevailing market volatility. Recent data underscores the scale of this surge. According to the Shiba Inu burn data, the rate at which SHIB tokens were permanently removed from - [Shiba Inu Whales Accumulate, Net Flow Surges Nearly 800%](https://news.shib.io/2025/04/09/shiba-inu-whales-accumulate-net-flow-surges-nearly-800/): Shiba Inu whales are making waves in the market, with on-chain data revealing a near 800% surge in net flows. This dramatic uptick suggests large holders are positioning themselves for potential gains, despite a bearish market trend. Shiba Inu Whales Signal Strong Accumulation Despite the crypto market wallowing in the red, Shiba Inu whales made a move, showing startling revelations from on-chain data, pointing directly at decisive actions taken by large holders. Data intelligence firm IntoTheBlock reported a dramatic surge that has captured widespread attention: large holder net flows for Shiba Inu increased by an astounding 784.8%.  This metric specifically - [Investing in DeFi: Exploring the World of Decentralized Finance](https://news.shib.io/2025/04/09/investing-in-defi-exploring-the-world-of-decentralized-finance/): So, you’ve heard the buzz about DeFi and you’re wondering if it’s just another crypto craze—or something bigger. Spoiler alert: it’s way more than a passing trend. Investing in DeFi is like discovering a secret financial playground where the rules are written by code, not banks. At its core, Decentralized Finance (DeFi) is a fancy way of saying “finance without the middlemen.” No banks, no brokers—just you, your wallet, and a bunch of smart contracts doing the heavy lifting. In just a few years, DeFi has exploded from a niche experiment to a multi-billion-dollar ecosystem. Whether you’re into earning passive - [Hackers Hide Malware in Fake Microsoft Office Add-Ons to Steal Crypto](https://news.shib.io/2025/04/09/hackers-hide-malware-in-fake-microsoft-office-add-ons-to-steal-crypto/): Malicious actors have embedded malware in fake Microsoft Office extension packages on SourceForge, attempting to steal crypto by swapping a victim’s copied wallet address with that of an attacker. A cybersecurity report from Kaspersky’s Anti-Malware Research Team has revealed that a listing on SourceForge, titled “officepackage,” contains genuine Microsoft Office add-ins bundled with hidden malware. The malicious software, known as ClipBanker, is designed to hijack crypto transactions by swapping copied wallet addresses on a user’s clipboard with those controlled by the attacker. Kaspersky’s research team noted that crypto wallet users often copy wallet addresses rather than type them manually. If - [US Tariffs Shock Sparks Sell-Off as Bitcoin and Stocks Retreat](https://news.shib.io/2025/04/09/us-tariffs-shock-sparks-sell-off-as-bitcoin-and-stocks-retreat/): As trade tensions escalate, new tariffs are triggering shifts in global markets and prompting investors to reassess strategies. Both equities and digital assets now face new challenges in an evolving economic landscape. Per CNBC, stocks dropped on Tuesday as a brief relief rally faded, and investor concerns grew ahead of President Donald Trump’s upcoming tariff deadline, which will impose a cumulative 104% tariff on Chinese goods. China was originally set to face a 34% tariff hike, but President Trump raised it to 50% after the country refused to lift its retaliatory tariffs on U.S. goods. The Dow Jones Industrial Average - [DOJ Disbands Crypto Crime Unit as Trump Reshapes Policy Approach](https://news.shib.io/2025/04/09/doj-disbands-crypto-crime-unit-as-trump-reshapes-policy-approach/): The U.S. Department of Justice (DOJ) has reportedly disbanded its National Cryptocurrency Enforcement Team (NCET), signaling a shift in the federal approach to tackling crypto-related crimes. A journalist from Fortune reported seeing a four-page memo, allegedly authored by U.S. Deputy Attorney General Todd Blanche, which confirms the disbandment of the NCET. “The Department of Justice is not a digital assets regulator. However, the prior Administration used the Justice Department to pursue a reckless strategy of regulation by prosecution,” the official was reportedly quoted saying in the note.  The NCET was a specialized unit within the DOJ created to combat crimes - [Russia Imposes 6-Year Crypto Mining Ban in Energy-Hit Irkutsk Oblast](https://news.shib.io/2025/04/09/russia-imposes-6-year-crypto-mining-ban-in-energy-hit-irkutsk-oblast/): Moscow has enforced a complete ban on crypto mining in several areas of Irkutsk Oblast, a region renowned for its cheap energy and once referred to as the “mining capital of Russia.” The locality had attracted a growing number of miners in recent years, drawn by the region’s low electricity rates. Initially implemented to limit power consumption during the winter, the crypto mining ban will now be enforced year-round through 2031. This shift comes after federal authorities responded to local requests aimed at alleviating pressure on the region’s electrical grid. Russian Prime Minister Mikhail Mishustin officially signed the new restrictions, - [Nigerian Court Delays Binance Tax Evasion Case Until April 30](https://news.shib.io/2025/04/08/nigerian-court-delays-binance-tax-evasion-case-until-april-30/): A Nigerian court has postponed Binance’s tax evasion case until April 30, giving local tax authorities time to address the exchange’s request to annul an order for court documents to be served via email. According to Reuters, Chukwuka Ikwuazom, a lawyer for the crypto exchange, argued that the tax authority’s request to serve court documents via email should be invalidated. Ikwuazom contended that the Federal Inland Revenue Service (FIRS) did not seek prior court approval to serve the documents outside of Nigeria, as Binance does not have a physical office in the country. “On the whole the order for the - [Colossal Revives Dire Wolves, Blending Sci-Fi With Real Science](https://news.shib.io/2025/04/08/colossal-revives-dire-wolves-blending-sci-fi-with-real-science/): Colossal Biosciences, a biotechnology company, has announced the successful revival of dire wolves, the prehistoric canines famously featured in George R.R. Martin’s Game of Thrones. This marks the first instance of an animal being brought back from extinction through advanced biotechnological methods. Dire wolves, famously associated with Martin’s Stark family in Game of Thrones, made a remarkable return after nearly 10,000 years of extinction. Colossal Biosciences announced that the long-extinct canines, or a close genetic approximation, have been successfully revived using DNA extracted from two fossils. The process involved 20 genetic edits to the DNA of a gray wolf, the - [BlackRock CEO Warns of Weak Economy Amid Trump’s Tariffs and Inflation](https://news.shib.io/2025/04/08/blackrock-ceo-warns-of-weak-economy-amid-trumps-tariffs-and-inflation/): Larry Fink, CEO of investment management giant BlackRock, has cautioned that the economy may weaken as market instability grows due to the Trump administration’s new tariffs. Speaking at the Economic Club of New York, Fink remarked that the economy is “weakening as we speak,” reflecting growing concerns over market instability. “The need for the administration to focus on these pro-growth agendas, which was much of what the president campaigned on, we have to get that going.” Fink expressed concern that President Donald Trump’s actions are likely to be more inflationary than the markets anticipate. Additionally, Fink declared skepticism about the - [James Murphy Sues DHS to Uncover Satoshi Nakamoto Identity](https://news.shib.io/2025/04/08/james-murphy-sues-dhs-to-uncover-satoshi-nakamoto-identity/): Prominent crypto attorney James Murphy has filed a lawsuit against the U.S. Department of Homeland Security (DHS), seeking to reveal the true identity of Bitcoin’s mysterious creator, Satoshi Nakamoto. Murphy, also known by his online handle “MetaLawMan,” initiated a lawsuit under the Freedom of Information Act (FOIA) in the D.C. District Court. The case stems from statements made by DHS Special Agent Rana Saoud during the Offshore Alert Conference on Financial Intelligence & Investigations conference in 2019, where she alleged that several of her colleagues had met with four individuals connected to the creation of Bitcoin. The crypto lawyer announced - [Crypto Tools and Resources to Boost Your Trading Performance](https://news.shib.io/2025/04/08/crypto-tools-and-resources-to-boost-your-trading-performance/): If you’ve ever tried your hand at crypto trading, you already know — it moves fast. Blink and a coin’s price can rocket to the moon… or tumble into oblivion. It’s part adrenaline rush, part puzzle, and part chaos. And in the middle of all that? You. The trader. But here’s the thing: even the best instincts can only take you so far without the right crypto tools. Whether you’re tracking charts, setting alerts, or managing a dozen wallets, the tools you use can make a huge difference. They’re the difference between flying blind and flying smart. In this guide, - [Tyler Winklevoss Bitcoin Hedge Comment Follows $1.36B Crypto Crash](https://news.shib.io/2025/04/07/tyler-winklevoss-bitcoin-hedge-comment-follows-1-36b-crypto-crash/): Co-founder of the crypto exchange, Tyler Winklevoss, recently commented on Bitcoin’s stability, highlighting its role as a hedge. However, his observation comes amid a brutal crypto market crash, with liquidations exceeding $1.36 billion in the past 24 hours, including Bitcoin (BTC). “For the first time in history, [Bitcoin] is not moving in lockstep with the stock market. It’s now behaving like a hedge to geopolitical uncertainty. When the stock market plunged during Covid, so did bitcoin. And this was always [the] case over the last 10+ yrs,”  Winklevoss wrote in a post on X. “But not this time. Despite the - [Pilotless Air Taxis Cleared for Takeoff and Tourism in China](https://news.shib.io/2025/04/07/pilotless-air-taxis-cleared-for-takeoff-and-tourism-in-china/): China has made a significant leap toward the future of urban transportation by granting its first permits for autonomous passenger drones, marking a key moment for the development of air taxis. This landmark achievement sets the stage for the potential launch of commercial flying taxi services, signaling a major advancement in the country’s ambitious efforts to revolutionize air mobility and reshape how people travel within cities. The Civil Aviation Administration of China (CAAC) has issued Air Operator Certificates (OCs) to EHang Holdings in Guangdong Province and its subsidiary, Heyi Aviation, in Hefei, Anhui Province. This approval allows both companies to - [Trump Defends US Tariff as 50 Countries Seek Trade Negotiations](https://news.shib.io/2025/04/07/trump-defends-us-tariff-as-50-countries-seek-trade-negotiations/): In response to President Donald Trump’s recent US tariff announcement, administration officials defended the decision, emphasizing that it has led to a surge in trade negotiations from impacted countries. On April 2, President Trump announced a sweeping new US tariff policy aimed at reshaping U.S. trade relations and boosting domestic manufacturing. The move includes a baseline 10% tariff on nearly all imported goods, with steeper rates for specific countries based on trade imbalances. Notably, imports from Japan, the European Union, and Israel will face tariffs ranging from 17% to 24%. A separate 25% tariff was also imposed on all foreign-made - [ZachXBT Slams Coinbase Over Account Lockout and Data Breach](https://news.shib.io/2025/04/07/zachxbt-slams-coinbase-over-account-lockout-and-data-breach/): Blockchain investigator ZachXBT has publicly criticized Coinbase for its poor service, urging users to reconsider using the cryptocurrency exchange due to ongoing issues with its platform. In a response to a post by Coinbase on X, the blockchain investigator appeared to mock the exchange’s statement, which claimed, “The future of money is more open, free, and efficient.” ZachXBT alleged that Coinbase had locked him out of his account without providing a reason. He also highlighted a recent security breach involving the leak of customer data, which the exchange has yet to fully disclose, resulting in thefts. “I cannot recommend Coinbase - [BONE Volume Skyrockets Over 150%, Igniting Interest Amid Price Dip](https://news.shib.io/2025/04/07/bone-volume-skyrockets-over-150-igniting-interest-amid-price-dip/): Exploding BONE volume captures intense market focus, soaring over 150% in a dramatic display of trading intensity that ignites widespread interest even as the token experiences a significant price dip. The market for Bone ShibaSwap (BONE), a key token in the Shiba Inu ecosystem, witnessed extraordinary activity in recent trading. While the token’s price faced downward pressure, the sheer amount of trading exploded, signaling a potentially pivotal moment of heightened engagement and speculation. Data from CoinMarketCap highlighted this divergence. The 24-hour trading volume for BONE surged to nearly $11 million.  This wasn’t just a minor uptick but it represented a - [Shiba Inu Price Forms Falling Wedge, Breakout Toward ATH Eyed](https://news.shib.io/2025/04/07/shiba-inu-price-forms-falling-wedge-breakout-toward-ath-eyed/): Shiba Inu price coils tighter within a falling wedge pattern, stirring hopes of a breakout that could rewrite its all-time high. A new analysis points that the meme coin’s month-long squeeze signals quiet accumulation, a calm that may precede a storm. Beneath the surface of recent market fluctuations, a technical formation is taking shape on the Shiba Inu charts that has caught the attention of traders. The pattern suggests a period of consolidation might be nearing an end, potentially setting the stage for a significant upward move for the popular cryptocurrency. Crypto trader @army_shiba recently highlighted this development on the - [Immersive Education: How the Metaverse Is Shaping the Future of Learning](https://news.shib.io/2025/04/07/immersive-education-how-the-metaverse-is-shaping-the-future-of-learning/): Imagine attending a history class where you’re not just reading about ancient Rome — you’re walking through the Colosseum, feeling the echoes of gladiators and hearing the roar of the crowd as if it’s all happening right in front of you. This is the magic of immersive education in the metaverse, where the boundaries of traditional learning dissolve and the classroom stretches into a digital world full of interactive, real-time experiences.  The metaverse, a rapidly evolving digital universe of interconnected virtual spaces, is quickly becoming a game-changer for education, offering endless opportunities to blend the digital and physical in exciting - [BEWARE: Poisoned Emails Are Draining Crypto Wallets](https://news.shib.io/2025/04/07/beware-poisoned-emails-are-draining-crypto-wallets/): Digital thieves deploy poisoned emails in widespread attacks on crypto wallets, tricking users with fake security phrases sent from compromised accounts to steal funds directly from their wallets. How Email Phishing Powers New Attacks on Crypto Wallets  The operation often starts with a breach. Attackers use phishing techniques – sending deceptive emails with malicious links or attachments – to steal login credentials for business tools. Specifically, they target accounts associated with customer relationship management (CRM) software and bulk email providers like Mailchimp, SendGrid, and Hubspot, according to analysis by security firm Silent Push. Once inside these systems, the attackers may - [More Than 50% of Americans Eye Crypto for Future Investments – Report](https://news.shib.io/2025/04/04/more-than-50-of-americans-eye-crypto-for-future-investments-report/): A recent survey reveals that over 50% of Americans are eager to use cryptocurrency for investment purposes. The 2025 State of Crypto Holders Report, published by the National Cryptocurrency Association (NCA), highlights this growing trend among potential investors. According to the report, 52% of crypto owners are primarily interested in using digital assets to enhance their financial futures over the next two to three years. This optimism is reflected in various ways that cryptocurrency has positively impacted their lives. For instance, 44% of respondents report a sense of achievement from investment gains, while 42% appreciate the diversification it brings to - [Here’s How Futures Trading Can Help Crypto, With Real Adoption](https://news.shib.io/2025/04/04/heres-how-futures-trading-can-help-crypto-with-real-adoption/): Due to their ease of creation, cryptocurrencies have had a bad reputation, often associated with pump and dump scams and rug pulls for quick enrichment. This is one of the main reasons why Bitcoin, which is reliant on its mining infrastructure capex, gained so much traction instead. Bitcoin’s proof-of-work layer serves as a confidence-boosting bulwark against duplication despite being digital as the rest of cryptocurrencies. Within the crypto sector, memecoins are especially perceived as ephemeral and highly speculative. Not only are there 1,371 of them, which itself brings capital dilution pressure, but meme-related narratives can be redirected into other directions, - [Anti-CBDC Bill Advances with 27-22 Vote in House Committee Alongside Other Key Legislation](https://news.shib.io/2025/04/04/anti-cbdc-bill-advances-with-27-22-vote-in-house-committee-alongside-other-key-legislation/): During a full committee markup on Wednesday, the House Committee on Financial Services, led by Chairman French Hill (AR-02), approved the CBDC Anti-Surveillance State Act and other critical legislation. The CBDC Anti-Surveillance State Act passed the House Financial Services Committee with a narrow 27-22 vote. This bill aims to stop the Federal Reserve from issuing a digital dollar, citing concerns over financial surveillance and the risk of the central bank becoming a retail banking entity. It prohibits the Federal Reserve System from deploying a CBDC through intermediaries and blocks the use of digital currency for monetary policy.  Rep. Tom Emmer (R-MN), - [Itaú Unibanco Explores Stablecoin Launch Amid Brazil’s Regulatory Shifts](https://news.shib.io/2025/04/04/itau-unibanco-explores-stablecoin-launch-amid-brazils-regulatory-shifts/): Itaú Unibanco, the largest bank in Brazil and Latin America, is actively considering the issuance of an in-house stablecoin as digital assets gain traction in the financial sector.  The bank’s leadership has emphasized the growing importance of blockchain technology for transaction settlement and is assessing how stablecoins could integrate into its business model. The potential for a stablecoin tied to the Brazilian real remains on the table, with Itaú Unibanco exploring whether such an asset would benefit its customers.  The bank is also closely monitoring stablecoin developments at other financial institutions, as well as ongoing regulatory efforts in Brazil that - [Rippling Accuses Deel of Corporate Espionage in Legal Battle](https://news.shib.io/2025/04/04/rippling-accuses-deel-of-corporate-espionage-in-legal-battle/): Human resources software company Deel Inc. is facing allegations of corporate espionage after a former employee of competitor Rippling reportedly confessed to spying under the direction of Deel’s CEO, Alex Bouaziz. According to an affidavit unsealed in an Irish court, the ex-employee, Keith O’Brien, admitted to receiving approximately €5,000 per month to pass on confidential information about Rippling, including corporate strategies, customer insights, and internal communications.  O’Brien reportedly stated that Bouaziz had encouraged him to remain at Rippling and act as an informant, even referencing the idea of being “like James Bond.” Payments were allegedly coordinated through Deel CFO Philippe - [10-Year Dormant Bitcoin Stirs: 1,000 BTC Moved, What’s Next?](https://news.shib.io/2025/04/04/10-year-dormant-bitcoin-stirs-1000-btc-moved-whats-next/): Decade-old dormant Bitcoin awakens. More than 1,000 BTC suddenly shift on the blockchain after sitting untouched for up to ten years. The move sends ripples through the market, leaving analysts and traders asking: what happens next? The significant on-chain movement was flagged by the blockchain analytics platform CryptoQuant this week. Its data tracked a transaction involving 1,057 Bitcoin that had not been moved for a period between 7 and 10 years. Market analyst J.A. Maartun highlighted the event on the social platform X. “Old coins are stirring,” he observed, pointing specifically to the 1,057 BTC transfer. According to Maartun, this - [FBI Recovers $8M Stolen in Kansas Bank Crypto Fraud](https://news.shib.io/2025/04/04/fbi-recovers-8m-stolen-in-kansas-bank-crypto-fraud/): The FBI has recovered $8.2 million stolen in a cryptocurrency scheme that led to the collapse of Heartland Tri-State Bank in Elkhart, Kansas, returning the funds to local shareholders nearly a year after the Kansas bank crypto fraud issue was uncovered. The bank’s former CEO, Shan Hanes, was sentenced to 24 years in prison in 2024 after siphoning $47 million into a crypto investment scam, as previously reported by The Shib Daily.  While customer deposits were federally insured, about 30 shareholders — many of them farmers and small-business owners — lost their life savings when the bank failed. Investigators traced - [Shiba Inu Price Could Surge 14x Amid Mixed Market Signals](https://news.shib.io/2025/04/04/shiba-inu-price-could-surge-14x-amid-mixed-market-signals/): Shiba Inu stares down a dramatic forecast. One analyst now projects a potential 14-fold surge based on technical charts. Yet this bullish call directly confronts a complex market picture, featuring slight increases in the Shiba Inu price alongside recent indicators unfavorable to SHIB longs. The forecast originated from an analyst using the handle @CryptooELITES on the social platform X on Thursday. The analyst shared a technical chart for the SHIB token paired against USDT.  They pointed to specific patterns interpreted as a “strong buy zone” and projected a price target implying a roughly 14-fold increase from recent levels. Technical analysis - [FDUSD Firestorm: Sun Presses Fraud Case with Hong Kong Officials](https://news.shib.io/2025/04/04/fdusd-firestorm-sun-presses-fraud-case-with-hong-kong-officials/): The battleground shifts from social media to formal channels. Crypto figure Justin Sun now presses explosive fraud allegations against First Digital Trust, issuer of the FDUSD stablecoin, directly with Hong Kong lawmakers and regulators. His move escalates a bitter dispute that puts hundreds of millions of dollars, and the city’s financial reputation, squarely in the spotlight. Sun, a Chinese-born cryptocurrency entrepreneur, business executive and founder of TRON, detailed his actions earlier this week. He announced on the social platform X that he had taken concrete steps beyond online posts. Justin Sun Escalates FDUSD Fraud Fight to Hong Kong Regulators The - [BONE Volume Soars 50%, Long-Term Holders Stay Strong](https://news.shib.io/2025/04/03/bone-volume-soars-50-long-term-holders-stay-strong/): BONE volume exploded over 50% in 24 hours, yet this trading surge overlays deep holder conviction, with 87% holding long-term. While spot markets ignite, cautious derivatives data reveals a split sentiment surrounding Shibarium’s vital gas token. Behind the Surge: Understanding the BONE Volume Spike The significant 54.15% increase in 24-hour trading volume, pushing it to $8.49 million according to data from CoinMarketCap, signifies renewed market focus on Bone ShibaSwap (BONE). This uptick in spot market activity often points towards increased buying pressure, potential strategic accumulation, or simply more participants actively trading the token.  Given BONE’s essential function as the gas - [Shibarium Hits 1B Completed Transactions—Milestones Keep Coming](https://news.shib.io/2025/04/03/shibarium-hits-1b-completed-transactions-milestones-keep-coming/): Shibarium just hit its billionth completed transaction, and the momentum shows no signs of slowing down. With every new milestone, the network proves its growing power, fueling confidence in its role as the backbone of the Shiba Inu ecosystem. Just a few days after processing over 1 billion transactions, Shiba Inu’s Layer-2 scalability solution, Shibarium, shows no signs of slowing down. The network continues to ramp up its transaction volume, showcasing unprecedented levels of activity and growing adoption. What began as a bold vision for scaling Shiba Inu’s ecosystem is rapidly becoming a critical infrastructure, and this surge is a - [Decentralized Social Media: Building a More Open and Transparent Internet](https://news.shib.io/2025/04/03/decentralized-social-media-building-a-more-open-and-transparent-internet/): In today’s digital age, social media has become an essential part of our daily lives. Whether it’s keeping in touch with friends, sharing personal milestones, or staying updated with the latest trends, platforms like Facebook, Instagram, and X have dominated the online space. But what if the very platforms we rely on every day weren’t controlled by a handful of powerful corporations? What if there was a new way to connect, share, and communicate, one that was more transparent, open, and, most importantly, in the hands of the users? Enter decentralized social media. This new wave of social media is - [Crypto and Financial Inclusion: Unlocking Opportunities in the Developing World](https://news.shib.io/2025/04/03/crypto-and-financial-inclusion-unlocking-opportunities-in-the-developing-world/): In many parts of the world, financial inclusion isn’t as simple as walking into a bank and signing up for an account. Some people live miles away from the nearest branch, while others are blocked by endless paperwork, high fees, or strict requirements. Yet, smartphones are everywhere—acting as a gateway to the digital world and offering new opportunities to access financial services without the barriers of traditional banking. Despite this, billions remain financially excluded, relying on cash, expensive remittance services, or risky informal lenders. Traditional banking systems often fail them, making it difficult to save, send, or receive money securely. - [Choosing the Right Crypto Wallet: Guide to Secure Digital Storage](https://news.shib.io/2025/04/03/choosing-the-right-crypto-wallet-guide-to-secure-digital-storage/): Welcome to the world of digital currencies! If you’re ready to explore the exciting realms of Bitcoin, Ethereum, and beyond, there’s one essential tool you’ll need: a crypto wallet . Just like you store your physical money in a wallet, your digital currencies need a secure place to be kept too. Crypto wallets are essential in the blockchain technology space because they help you store, send, and receive your cryptocurrencies securely. Without the right wallet, your assets could be at risk, so choosing the right one is super important. There are different types of wallets to suit different needs, from - [Understanding Blockchain Technology: A Simple Explanation](https://news.shib.io/2025/04/03/understanding-blockchain-technology-a-simple-explanation/): Welcome to the world of blockchain technology! You’ve probably heard the buzz around it, but what does it really mean? In a nutshell, blockchain is the backbone of cryptocurrencies like Bitcoin and Ethereum, but its magic goes way beyond just digital money. It’s a revolutionary technology that’s reshaping industries, from banking and healthcare to supply chains and voting systems. In short, blockchain is like a super-secure, digital ledger that’s helping build the future of the internet. Now, we get it—blockchain can sound a bit like tech wizardry. With all its cryptographic magic, decentralized networks, and complex jargon, it can be - [Achieving Financial Independence Through NFTs: Is It a Viable Strategy?](https://news.shib.io/2025/04/03/achieving-financial-independence-through-nfts-is-it-a-viable-strategy/): Picture this: You quit your 9-to-5, swap your office chair for a beach lounger, and fund your new carefree lifestyle with JPEGs of pixelated apes. Sounds ridiculous, right? Yet, for a while, that was the dream many chased in the non-fungible token (NFT) gold rush. Stories of overnight millionaires and jaw-dropping sales made it seem like financial independence was just one digital collectible away. But here’s the big question—can NFTs actually be a sustainable way to break free from the paycheck-to-paycheck grind, or is it all just speculative hype wrapped in blockchain buzzwords? While some have struck digital gold, others - [SHIB Army Tightens Grip: Hodlers Surge, Speculators Flee!](https://news.shib.io/2025/04/03/shib-army-tightens-grip-hodlers-surge-speculators-flee/): A dramatic shift unfolds for the SHIB Army: Short-term traders are vanishing, their numbers plummeting by over 26%, while the core army of long-term ‘Hodlers’ actively swells, growing by 3.53%. This consolidation of belief isn’t happening in silence – SHIB trading volume simultaneously explodes by nearly 39% to $321 million, signaling powerful market energy meeting hardening conviction among the coin’s dedicated base. Shib Army Core Strengthens Considerably The latest data from on-chain analytics IntoTheBlock paint a clear picture: Shiba Inu’s foundation is getting stronger. The number of addresses holding SHIB for over a year – the true “Hodlers” – has - [Shib.io Levels Up with New Feature to Boost Experience](https://news.shib.io/2025/04/03/shib-io-levels-up-with-new-feature-to-boost-experience/): Shib.io supercharges SHIB experience with its sleekest update yet—cutting clicks, boosting speed, and making DeFi smoother than ever. Streamlining Navigation on Shib.io The introduction of the “Quick Menu” addresses the growing complexity of the Shiba Inu universe accessible through shib.io. As the ecosystem expands with projects like the Shibarium layer-2 network, the ShibaSwap decentralized exchange and new tokens such as TREAT, navigating the official website to find specific tools or information could become time-consuming.  Shib.io serves as the central repository for official announcements, development updates, community resources, and interactive tools. The Quick Menu acts as a persistent navigational aid, likely - [Breaking a Billion](https://news.shib.io/2025/04/02/breaking-a-billion/): Read the latest edition of The Shib Magazine here. - [Govt Tightens Grip on Seized Crypto as Russia Plans Sale, US Audits](https://news.shib.io/2025/04/02/govt-tightens-grip-on-seized-crypto-as-russia-plans-sale-us-audits/): Governments are tightening their grip on seized crypto, with Russia preparing to offload confiscated Bitcoin while the U.S. moves to audit its massive digital asset stockpile. The fate of billions in crypto now hangs in the balance, sparking market jitters and policy shifts worldwide. Russia Moves to Liquidate Seized Crypto Assets Russia’s Federal Bailiff Service is working on procedures to convert seized Bitcoin into state revenue, following a high-profile criminal case. Dmitry Aristov, head of the service, called Bitcoin “a problematic asset” at a recent government meeting, noting the challenge in liquidating it.  “Now we are working with the relevant - [ZkLend Hacker Loses Stolen ETH to Phishing Scam](https://news.shib.io/2025/04/02/zklend-hacker-loses-stolen-eth-to-phishing-scam/): The hacker behind the $9.6 million hack of ZkLend in February has claimed that they have fallen victim to a phishing website which impersonated non-custodial crypto mixer Tornado Cash resulting in a loss of a significant amount of the stolen funds.  Blockchain analytics platform Lookonchain reported that the zkLend hacker stole 2,930 Ethereum (ETH), valued at approximately $5.4 million. In a post on X, the platform shared a screenshot of an on-chain message sent to zkLend via Etherscan on March 31, in which the hacker claimed they had lost the stolen funds to a phishing website. “I am devastated. I - [Bybit Closes NFT Marketplace as Interest Drops](https://news.shib.io/2025/04/02/bybit-closes-nft-marketplace-as-interest-drops/): Crypto exchange Bybit has announced that it is closing down its NFT marketplace, Inscription Marketplace, and IDO product pages, signaling a possible shift in the NFT scene.  “This change will take effect on April 8, 2025, at 16:00 (UTC), after which these product pages will no longer be accessible. Users are advised to take the necessary steps to manage their assets before the discontinuation date,” Bybit wrote in their announcement.  The crypto exchange explained that its decision is aimed at simplifying and enhancing its range of services. Bybit’s decision to shut down its NFT marketplace comes on the heels of - [Rep. French Hill Rejects Brian Armstrong Call for Stablecoin Interest](https://news.shib.io/2025/04/02/rep-french-hill-rejects-brian-armstrong-call-for-stablecoin-interest/): Republican Representative French Hill has rejected Coinbase CEO Brian Armstrong’s call for stablecoin interest, signaling that Congress is unlikely to approve legislation allowing users to earn yield on digital assets like USDC. During an April 1 briefing, Rep. Hill weighed in on the ongoing debate over stablecoin regulations, specifically addressing the idea of allowing users to earn interest on their holdings. Hill dismissed the proposal, emphasizing that lawmakers have not reached an agreement on the matter of.  “I hear the point of view but I don’t think that there’s consensus among the parties or the houses on having a dollar-backed - [Backpack Begins Claims Process for Former FTX EU Customers](https://news.shib.io/2025/04/02/backpack-begins-claims-process-for-former-ftx-eu-customers/): Crypto exchange Backpack has initiated the first phase of its claims process for former FTX EU users, following its acquisition of FTX’s European operations earlier this year. This development coincides with Backpack’s expansion of crypto derivatives offerings throughout the region. In a post on X on April 1, the exchange revealed that customers can now initiate a two-step process to retrieve their Euro funds through Backpack EU. Backpack has not specified a deadline for this stage of the claims process and has not yet announced when distributions will start. Users seeking withdrawals will incur a €5 ($5.39) fee for claims - [Web2 vs. Web3: Key Differences & Why They’re Important](https://news.shib.io/2025/04/02/web2-vs-web3-key-differences-why-theyre-important/): The internet has had a bit of a glow-up over the years, and the next phase — Web2 vs. Web3 — is about to change everything. Picture this: Web1 was like the early internet, a quiet library where you could read, but nobody was talking back. Then came Web2, and boom! The internet became a social hub —Facebook, Instagram, TikTok — basically the digital equivalent of a huge party where everyone’s invited to share their thoughts, memes, and questionable dance moves. It was interactive, it was fun, but… it also meant that big companies had control over pretty much everything - [Google Cloud Backs K9 Finance DAO in a Bold Web3 Play](https://news.shib.io/2025/04/02/google-cloud-backs-k9-finance-dao-in-a-bold-web3-play/): K9 Finance DAO just secured a powerhouse ally—Google Cloud. Backing its bold Web3 push, Google’s support arms K9 Finance with cutting-edge infrastructure to scale DeFi, enhance security, and drive AI innovation on the Shibarium network. K9 Finance DAO Joins Google Cloud’s Startup Program K9 Finance DAO has officially joined the Google for Startups Cloud Program, gaining access to Google’s cloud computing, artificial intelligence, and data analytics tools. This collaboration marks a significant step in K9 Finance’s mission to expand decentralized finance (DeFi) capabilities and optimize operations within the Shibarium ecosystem. As Shibarium’s largest network validator and liquid staking provider, K9 - [The Future of Cryptocurrency: 10 Predictions and Trends](https://news.shib.io/2025/04/01/the-future-of-cryptocurrency-10-predictions-and-trends/): Cryptocurrency has come a long way since the mysterious Satoshi Nakamoto launched Bitcoin in 2009. From a niche internet experiment to a global financial powerhouse, crypto has seen explosive growth, dramatic crashes, and everything in between. But what’s next? Is the future of cryptocurrency all about mass adoption, government regulations, or something even bigger? Let’s explore the predictions and trends shaping the future of cryptocurrency. 1. Mainstream Adoption: Is Crypto Going Global?  For years, crypto has been viewed as a playground for tech enthusiasts and risk-taking investors. But that’s changing. The future of cryptocurrency is moving toward mass adoption, with - [10 Benefits of Blockchain Technology Beyond Cryptocurrency](https://news.shib.io/2025/04/01/10-benefits-of-blockchain-technology-beyond-cryptocurrency/): When people hear “blockchain technology,” their minds usually jump straight to Bitcoin and other cryptocurrencies. But blockchain technology is so much more than just digital money! It’s a revolutionary way to store and transfer data securely, transparently, and efficiently. From supply chains to healthcare, this game-changing tech is transforming industries in ways you might not expect. So, let’s dive into the top 10 benefits of blockchain technology beyond cryptocurrency! 1. Unmatched Security: Say Goodbye to Hackers  Cybersecurity is a growing concern, and blockchain technology offers a powerful solution. Unlike traditional databases, which store data in one central location (making them - [Can Blockchain Technology Fix the Global Banking System?](https://news.shib.io/2025/04/01/can-blockchain-technology-fix-the-global-banking-system/): The global banking system is like an old, slow computer — functional but frustrating. Transactions take forever, fees eat into your money, and security risks are everywhere. And let’s not forget financial exclusion — millions of people around the world don’t have access to basic banking services because of geography, documentation requirements, or high costs. Enter blockchain, the tech that’s shaking things up. You’ve probably heard of it thanks to Bitcoin, but blockchain isn’t just about cryptocurrency. It’s a decentralized, secure, and transparent way of recording transactions—no middlemen needed. Instead of relying on banks to verify and process payments, blockchain - [Digital Budgeting for Teens: Guide to Managing Money](https://news.shib.io/2025/04/01/digital-budgeting-for-teens-intro-to-managing-money/): You just got paid! Whether it’s from your first job, a weekly allowance, or a surprise cash gift from a relative who still thinks you’re five, there’s nothing like the feeling of having money in your pocket (or, more likely, in your digital wallet). The question is — what happens next? Do you save it? Spend it all on snacks and the latest must-have gadget? Accidentally forget about it until your bank balance rudely reminds you that you have exactly $0.03 left? Managing money might not seem like a big deal now, but learning how to do digital budgeting right - [How Web3 Will Revolutionize Data Ownership](https://news.shib.io/2025/04/01/how-web3-will-revolutionize-data-ownership/): Every time you scroll, click, or sign up online, you’re handing over pieces of your digital identity — your interests, habits, and location. But data ownership isn’t in your hands. Big tech companies collect, control, and profit from your information, while you get nothing in return — except targeted ads and the illusion of a “personalized experience.” That’s where Web3 comes in. Unlike today’s internet — where a few powerful platforms control everything — Web3 is all about decentralization, user ownership, and transparency. Instead of handing over your data to corporations, you’ll have control over where it goes, who uses - [FTX $11.4B Payout Locks Crypto at 2022 Lows—Bullish or Brutal?](https://news.shib.io/2025/03/31/ftx-11-4b-payout-locks-crypto-at-2022-lows-bullish-or-brutal/): Billions in cash are about to hit the market, but there’s a catch. FTX, the collapsed crypto exchange, is set to distribute $11.4 billion to creditors—valuing their lost assets at the rock-bottom prices of November 2022. The decision locks in crypto’s darkest days, handing out cash while Bitcoin and Ethereum trade far above those crisis-era lows. FTX Bankruptcy Estate Prepares Cash Distribution After navigating complex bankruptcy proceedings, the estate managing the remnants of FTX has amassed significant cash reserves, reportedly totaling $11.4 billion. These funds are now earmarked for distribution to those owed money by the failed exchange.  The process - [How to Avoid the Pitfalls of NFT Investing](https://news.shib.io/2025/03/31/how-to-avoid-the-pitfalls-of-nft-investing/): NFTs (Non-Fungible Tokens) are unique digital assets stored on the blockchain, representing ownership of art, music, virtual land, and more. Unlike cryptocurrencies like Bitcoin, which are interchangeable, NFTs are one-of-a-kind. This uniqueness has fueled the rise of NFT investing, attracting artists, collectors, and investors looking to buy, sell, and trade digital assets. While some NFTs have sold for millions, investing in them comes with risks. Prices can rise and fall quickly, and some NFTs may lose value entirely. Scams and fraudulent projects are also common, with fake sellers and misleading promises tricking buyers. Additionally, NFTs can be hard to resell, - [Decentralized Workforce and the Future of Work: The Rise of Web3](https://news.shib.io/2025/03/31/decentralized-workforce-and-the-future-of-work-the-rise-of-web3/): The internet is evolving, and Web3 is at the center of this transformation. Built on blockchain, it gives users more control over their data, digital assets, and online interactions. Unlike today’s Web2, where large companies dominate platforms, Web3 is decentralized — power is distributed, enabling greater autonomy and fostering a decentralized workforce. Traditional jobs rely on companies hiring employees who work under fixed contracts, often tied to specific locations. In contrast, a decentralized workforce operates through blockchain-based platforms, smart contracts, and digital currencies, allowing people to work remotely, collaborate globally, and earn in new ways. This shift is creating new - [Blockchain in Voting: Ensuring Secure and Transparent Elections](https://news.shib.io/2025/03/31/blockchain-in-voting-ensuring-secure-and-transparent-elections/): Voting is the backbone of democracy, ensuring people have a voice in shaping their communities. Implementing blockchain in voting can enhance security, transparency, and trust in election results. However, traditional voting methods face several challenges. Security risks are a major concern, as paper ballots can be lost or tampered with, and electronic voting systems are vulnerable to hacking. Lack of transparency is another issue — voters often have to trust centralized authorities without a way to independently verify results. Additionally, low voter turnout remains a problem, as inconvenient voting processes discourage participation, especially for those unable to vote in person. - [Crypto Market Cycles: Identifying Bull and Bear Markets](https://news.shib.io/2025/03/31/crypto-market-cycles-identifying-bull-and-bear-markets/): Crypto prices don’t move in a straight line — they go through cycles of ups and downs, known as market cycles. At times, prices soar, optimism is high, and everyone seems to be investing. Other times, prices fall, fear takes over, and many sell at a loss. These phases are called bull and bear markets. Understanding these cycles is important for investors because it helps them make smarter decisions. Instead of buying when prices are high out of excitement or selling when they drop out of fear, knowing how market trends work can help avoid costly mistakes. In this article, - [The Metaverse: Virtual Worlds and Their Potential](https://news.shib.io/2025/03/31/the-metaverse-virtual-worlds-and-their-potential/): The metaverse is a network of virtual worlds where people connect, work, and play through digital avatars. Think of it as an immersive evolution of the internet, driven by technologies like virtual reality (VR), augmented reality (AR), and blockchain. Once a sci-fi concept popularized by Neal Stephenson’s 1992 novel Snow Crash, it’s now taking shape through platforms like Meta’s Horizon Worlds, Roblox, and Decentraland. Recently, interest in the Metaverse has exploded. Better VR technology, digital ownership through blockchain (like NFTs), and the shift to remote work have made virtual spaces more useful and appealing. Big companies are investing in it, - [FDIC Eases Crypto Rules for Banks, Drops Approval Hurdle](https://news.shib.io/2025/03/31/fdic-eases-crypto-rules-for-banks-drops-approval-hurdle/): The FDIC shakes up crypto banking rules, scrapping a key approval requirement and giving financial institutions more freedom to engage with digital assets—so long as they can handle the risks. Prior FDIC Notification Rule Rescinded The Federal Deposit Insurance Corporation announced Friday it is withdrawing a specific directive issued just two years ago. That rule, known formally as Financial Institution Letter FIL-16-2022, had required banks supervised by the FDIC to formally notify the agency and wait for its non-objection before initiating any crypto-related activities. This prior notification system served as a distinct checkpoint for banks venturing into the digital asset - [Game Changer? Japan Moves to Classify Crypto as a Financial Product](https://news.shib.io/2025/03/31/game-changer-japan-moves-to-classify-crypto-as-a-financial-product/): Japan is poised to shake up the crypto landscape. Regulators are evaluating a fundamental reclassification that could bring digital assets under the same legal umbrella as traditional financial instruments—tightening oversight, cracking down on insider trading, and potentially slashing crypto taxes. Japan FSA Explores Amending Financial Instruments Act Japan’s financial regulator is considering revising national law to treat cryptocurrencies as financial products, a move that would involve new rules targeting insider trading, Nikkei reported Sunday. The reported plan involves Japan’s Financial Services Agency (FSA) seeking amendments to the Financial Instruments and Exchange Act (FIEA), the country’s primary law governing securities.  According - [Rally Ahead? Shiba Inu Treat Trading Volume Soars Triple Digits](https://news.shib.io/2025/03/31/rally-ahead-shiba-inu-treat-trading-volume-soars-triple-digits/): Activity explodes around Shiba Inu Treat. Trading volume skyrockets, surging by triple digits in just 24 hours, far outpacing a modest price uptick.  Shiba Inu Treat Trading Volume Surges Dramatically The most striking development for Shiba Inu Treat (TREAT) is the sharp increase in trading activity over the past day. According to data sourced from CoinMarketCap, the 24-hour trading volume for the token reached $4.41 million. This figure represents a remarkable surge of 183.18 percent compared to the volume recorded in the preceding 24-hour period. Such a significant increase indicates a substantial uptick in buying and selling interest. It suggests - [Shibarium Breaks Out! 3M+ Transactions Fuel Massive Momentum](https://news.shib.io/2025/03/31/shibarium-breaks-out-3m-transactions-fuel-massive-momentum/): Shibarium surges with activity. Millions of transactions flood the network daily, pushing user engagement to new highs. The Layer 2 network crackles with renewed energy, breaking past recent milestones and signaling a potent shift in momentum as March closes. Shibarium Transaction Volume Explodes Nearly Tenfold The clearest indicator of Shibarium’s accelerating pulse is its daily transaction volume, a core measure of network utility and application usage. Data from Shibariumscan reveals a dramatic escalation.  On March 23, the network processed a respectable 326,529 transactions. Just six days later, on March 29, that figure exploded to over 3.2 million.  This near tenfold - [BONE Price Eyes Breakout, But Key Resistance Stands in Way](https://news.shib.io/2025/03/28/bone-price-eyes-breakout-but-key-resistance-stands-in-way/): The price of Bone ShibaSwap (BONE) hovers at a critical juncture, showing signs of an upward push even as a formidable resistance level looms. Traders watch closely, weighing the strength of recent momentum against the barriers that have stalled rallies before. BONE Technical Analysis: RSI Suggests Bullish Momentum The daily chart for Shibarium’s gas fee token offers clues about its potential direction. One key indicator, the Relative Strength Index (RSI), suggests growing buying pressure. As of Friday, the RSI (14, close) reads approximately 58.53. Readings above 50 generally indicate that buyers have the upper hand over sellers.  This upward trend - [Shiba Inu Gears Up for Takeoff: Key Breakout Levels in Sight](https://news.shib.io/2025/03/28/shiba-inu-gears-up-for-takeoff-key-breakout-levels-in-sight/): Shiba Inu is coiling like a spring, primed for its next explosive move. Analysts say the dog-themed meme coin is flirting with a breakout, testing key resistance levels that could ignite a fresh rally. Will SHIB bulls seize control and send prices soaring, or is a sharp pullback lurking in the shadows? Shiba Inu Price Analysis: Bullish Outlook Crypto analyst CryptoWizard101 has been closely monitoring Shiba Inu’s price action, and their analysis suggests a potential bullish breakout is on the horizon. “Shiba Inu price hit our target of 0.000015 before pulling back to the 0.000014 level,” CryptoWizard101 noted. “It seems - [Bitcoin Caught in Crossfire: Retail Weakens, Institutions Buy the Dip](https://news.shib.io/2025/03/28/bitcoin-caught-in-crossfire-retail-weakens-institutions-buy-the-dip/): Bitcoin stands at a crossroads, caught between fading retail confidence and a surge of institutional buying. On one side, small traders retreat, spooked by uncertainty. On the other, deep-pocketed investors scoop up BTC, signaling a battle for the next big move. The question looms: Will institutional demand fuel a breakout, or is retail’s retreat a warning of trouble ahead? Bitcoin Retail Sentiment: A Potential Warning Sign Hyblock Capital, in a report seen by The Shib Daily, highlighted a concerning trend: weakening retail sentiment in the Bitcoin market. Shubh Varma, CEO and Co-founder of Hyblock Capital, pointed to a key metric - [SBF Potential Pardon Questioned by Sen. Kennedy in SEC Nominee Hearing](https://news.shib.io/2025/03/28/sbf-potential-pardon-questioned-by-sen-kennedy-in-sec-nominee-hearing/): U.S. Senator John Kennedy has questioned U.S. Securities and Exchange Commission (SEC) chairman nominee Paul Atkins during a Senate Banking Committee hearing over speculation of a potential pardon for former FTX CEO Sam Bankman-Fried. During the March 27 hearing, Senator Kennedy pressed Atkins on issues related to Bankman-Fried including questions about donations made by the former FTX CEO’s family to Stanford University.  “There should not be two standards of law and punishment for people in America. And every time you come to this committee, I am going to pounce on you like a ninja to find out what the SEC - [EU Proposes Full Capital Reserves for Insurers’ Crypto Holdings](https://news.shib.io/2025/03/28/eu-proposes-full-capital-reserves-for-insurers-crypto-holdings/): The European Union’s insurance regulator has put forward a new rule that would require insurers to hold capital reserves equal to their crypto holdings. Citing the “inherent risks and high volatility” of digital assets, the proposal aims to strengthen financial safeguards and protect policyholders from potential market instability. The European Insurance and Occupational Pensions Authority (EIOPA) outlined the proposal in a Technical Advice report to the European Commission. Unlike other asset classes such as stocks and real estate, which do not require full backing, the proposed measure would mandate insurers to maintain capital reserves equal to the value of their - [DOJ Seizes $200K in Crypto Linked to Hamas Fundraising Efforts](https://news.shib.io/2025/03/28/doj-seizes-200k-in-crypto-linked-to-hamas-fundraising-efforts/): The U.S. Department of Justice has confiscated more than $200,000 in cryptocurrency from at least 17 digital wallets, alleging the funds were intended to support Hamas. On March 27, the DOJ revealed it seized cryptocurrency from fundraising addresses allegedly tied to the militant group. Officials claim these wallets have facilitated the laundering of more than $1.5 million in digital assets since October 2024. According to court documents, an encrypted messaging group claiming ties to Hamas shared rotating cryptocurrency addresses with supporters worldwide. Followers were reportedly encouraged to send funds to these addresses to aid the organization. The funds were then - [Congress Moves to Regulate Stablecoins with New STABLE Act Proposal](https://news.shib.io/2025/03/28/congress-moves-to-regulate-stablecoins-with-new-stable-act-proposal/): U.S. lawmakers have unveiled the STABLE Act, aiming to bring clearer oversight to stablecoins by integrating traditional financial safeguards with digital asset regulations. The proposed legislation seeks to enhance transparency and accountability as the market for stablecoins continues to expand. The proposal introduced by Representatives Bryan Steil and French Hill details regulatory guidelines for issuing dollar-backed stablecoins, emphasizing transparency and consumer protection.  The Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act is now under review in the Senate after securing bipartisan support and advancing through the Banking Committee. Additionally, the U.S. Senate Banking Committee has moved forward - [SEC Concludes Crypto.com Investigation with No Enforcement Action](https://news.shib.io/2025/03/28/sec-concludes-crypto-com-investigation-with-no-enforcement-action/): The U.S. Securities and Exchange Commission (SEC) has ended its investigation into Crypto.com, concluding a seven-month review that began with a Wells notice over the platform’s token sales. Crypto.com CEO Kris Marszalek announced on X that the SEC has officially closed its investigation into the exchange, confirming that regulators will not be pursuing any enforcement action. “I continue to be proud of how this industry and its community have weathered storm after storm, with the most prolific being the previous U.S. Administration’s war on crypto,” Marszalek wrote.  Additionally, he alleged that the SEC employed various measures to hinder Crypto.com’s operations, - [Shib's Quantum Leap](https://news.shib.io/2025/03/27/shibs-quantum-leap/): Read the latest edition of The Shib Magazine here. - [Russian Economist Warns Bitcoin Reserve is a Risky Bet](https://news.shib.io/2025/03/27/russian-economist-warns-bitcoin-reserve-is-a-risky-bet/): Valentin Katasonov, the Chairman of the S. F. Sharapov Russian Economic Society and a Doctor of Economics, has urged caution over Russia establishing a crypto reserve, warning of potential economic risks. The Russian economist argued that cryptocurrency is not a legitimate form of money but rather a speculative asset that could threaten economic stability, according to local media outlet MoneyTimes. Katasonov likened the idea of establishing a national crypto reserve to “laying landmines” in Russia. “This is a means of inflating bubbles. If the bubble bursts, it will be good if the economy holds up, but there will still be - [Binance Exec Tigran Gambaryan Speaks Out on Detention in Nigeria](https://news.shib.io/2025/03/27/binance-exec-tigran-gambaryan-speaks-out-on-detention-in-nigeria/): Binance executive Tigran Gambaryan has accepted The Digital Chamber’s first-ever Hero Award at the DC Blockchain Summit in Washington, D.C., where he has shared details about his detention in Nigeria and the events leading to his release. At the summit — one of his first public appearances since his detention — Binance’s head of financial crime compliance told the audience that the Nigerian government had effectively held him hostage. Gambaryan suggested that the charges brought against him were merely a pretext to “get something” from Binance. “It was around the time the [United Nations] General Assembly in 2024 happened is - [Jelly Token Controversy: Bitget CEO Criticizes Hyperliquid's Response](https://news.shib.io/2025/03/27/jelly-token-controversy-bitget-ceo-criticizes-hyperliquids-response/): Bitget CEO Gracy Chen has criticized Hyperliquid’s handling of JELLY token perpetual futures delisting, citing concerns over suspicious trading activity and centralization. Chen took to X to criticize Hyperliquid’s handling of the JELLY incident, warning that the platform could be on track to becoming “FTX 2.0.” She described the exchange’s actions as “immature, unethical, and unprofessional,” stating that they caused user losses and raised serious concerns about its integrity. “Despite presenting itself as an innovative decentralized exchange with a bold vision, Hyperliquid operates more like an offshore CEX with no KYC/AML, enabling illicit flows and bad actors,” Chen wrote.  On - [Shiba Inu Breaks Out: 415% Surge Eyed As Strength Returns](https://news.shib.io/2025/03/27/shiba-inu-breaks-out-415-surge-eyed-as-strength-returns/): Shiba Inu is flashing strength after a decisive breakout, and a crypto analyst believes it could skyrocket by 415%. As SHIB holds its ground above key resistance, signs of renewed momentum hint at an explosive rally ahead. The bullish prediction came from crypto analyst Javon Marks (@JavonTM1 on X), who recently shared his technical perspective on the social media platform X. Marks highlighted a crucial development in Shiba Inu’s price chart: the token has decisively moved above, and subsequently held, levels that previously acted as significant resistance.  Analyst Points to Key Shiba Inu Breakout According to Marks’ analysis, the significance - [Shibarium Erupts: 4,000% User Surge, Transactions Soar](https://news.shib.io/2025/03/27/shibarium-erupts-4000-user-surge-transactions-soar/): Shibarium ignites with a surge of new users, its daily sign-ups rocketing over 4,000%, while transaction volumes swell at a breakneck pace. From developers deploying fresh smart contracts to users flooding the network, adoption is not just growing but erupting. Recent on-chain data paints a picture of rapidly accelerating growth for Shibarium, the Layer 2 scaling solution underpinning much of the Shiba Inu ecosystem. Key metrics tracked by Shibariumscan reveal substantial increases across user engagement, transaction volume, and developer activity, suggesting the network is gaining significant traction. The most striking figures relate to user adoption and engagement. The number of - [MEXC Cracks Down on Large-Scale Crypto Market Manipulation](https://news.shib.io/2025/03/27/mexc-cracks-down-on-large-scale-crypto-market-manipulation/): Cryptocurrency exchange MEXC has uncovered and shut down a large-scale market manipulation scheme after an internal investigation. The probe revealed two coordinated groups engaging in abusive trading tactics, prompting swift action to liquidate their positions. According to a press release on the MEXC blog, one of the two groups identified was operating in Vietnam and the other in the CIS region. Their activities included self-trading, spoofing, layering, front-running, and quote stuffing. Upon detection, MEXC halted their operations and froze the associated accounts. MEXC has raised concerns over the involvement of large groups and institutional-level actors in market manipulation schemes. According - [Web3 and the Future of Education: Blockchain’s Transformative Role](https://news.shib.io/2025/03/27/web3-and-the-future-of-education-blockchains-transformative-role/): Education hasn’t changed much in centuries — classrooms, textbooks, degrees, and lots of paperwork. But as we step into the future of education, technology like Web3 and blockchain is shaking things up, making learning more accessible, transparent, and rewarding. These concepts might sound complicated, but they’re actually pretty simple at their core. Web3 is like the internet leveling up, giving people more control over their data. And blockchain? Think of it as an ultra-secure digital vault where information can’t be faked or lost. While it’s famous for crypto, its real superpower might just be transforming education. Let’s face it — - [Binance Employee Suspended for Insider Trading](https://news.shib.io/2025/03/26/binance-employee-suspended-for-insider-trading/): Crypto exchange Binance has suspended a staff member from its Binance Wallet team amid allegations of insider trading. An internal investigation is underway. In a statement on X, Binance Wallet revealed that its Internal Audit team initiated an investigation on March 23 after receiving a complaint accusing a staff member of using insider information for personal financial gain through front-running trades. “We took these allegations very seriously and immediately launched a thorough internal investigation,” the company wrote.  The preliminary investigation revealed that a Binance Wallet team member, who joined the team just a month ago, had previously worked in a - [Shiba Inu Treat Heats Up: 219% Volume Surge, Bulls Take Charge](https://news.shib.io/2025/03/26/shiba-inu-treat-heats-up-219-volume-surge-bulls-take-charge/): Shiba Inu Treat (TREAT) is on fire. Trading volume erupts 213%, sending shockwaves through the market as bulls seize control. Price action intensifies, signaling a potential breakout for Shiba Inu’s powerhouse token. Shiba Inu Treat Spot Volume Explodes Over 200% The surge is undeniable, reflected clearly in recent spot market performance. Data from CoinMarketCap shows Shiba Inu Treat posting a solid 4.65% gain over the past 24 hours, pushing its price towards $0.005552 at the time of writing. While the percentage gain is notable, the real story lies in the underlying activity driving this move. Fueling the rally is an - [Crypto Influencer Ben Armstrong Arrested Amid Ongoing Legal Battles](https://news.shib.io/2025/03/26/crypto-influencer-ben-armstrong-arrested-amid-ongoing-legal-battles/): Crypto influencer Ben Armstrong, known as “BitBoy,” was arrested in Florida shortly after disclosing on social media that a warrant had been issued for his arrest. Records from the Volusia County Division of Corrections in Florida indicate that Armstrong was taken into custody on March 25 at 7:18 p.m. local time and listed as a fugitive from justice. In the days before his arrest, Armstrong stated in a March 21 post on X that the warrants were issued because he had sent emails to Cobb County, Georgia Superior Court Judge Kimberly Childs while representing himself in legal proceedings. Armstrong also - [FDIC Removes ‘Reputational Risk,’ Easing Banking Access for Crypto](https://news.shib.io/2025/03/26/fdic-removes-reputational-risk-easing-banking-access-for-crypto/): The Federal Deposit Insurance Corporation (FDIC) has eliminated “reputational risk” from its bank supervision criteria, a policy shift that could make it easier for crypto firms to access banking services. In a post on X, the U.S. Senate Banking Committee confirmed the FDIC’s decision, stating that it follows the passage of Senator Tim Scott’s Financial Integrity and Regulation Management (FIRM) Act, which aims to eliminate reputational risk considerations across all federal banking regulators. The Senate Banking Committee has approved the FIRM Act with a 13-11 party-line vote. The legislation aims to ensure that banks make decisions based on concrete financial - [Ripple Reaches $50M SEC Settlement as Lawsuit Nears End](https://news.shib.io/2025/03/26/ripple-reaches-50m-sec-settlement-as-lawsuit-nears-end/): Ripple Labs has reached a settlement with the SEC, bringing an end to their prolonged legal battle. As part of the agreement, Ripple will pay a $50 million penalty and withdraw its cross-appeal. The resolution marks a key moment in the broader regulatory discussion surrounding digital assets. Chief Legal Officer Stuart Alderoty shared the news with the community in a post on X, finalizing the terms of its legal dispute. As part of the agreement, the U.S. Securities and Exchange Commission (SEC) will retain $50 million of the original $125 million penalty, with the remaining amount returned to Ripple. “The - [The Future of Web3: 5 Trends and Predictions for the Next Decade](https://news.shib.io/2025/03/26/the-future-of-web3-5-trends-and-predictions-for-the-next-decade/): Remember when the internet was just dial-up tones and clunky chatrooms? Then came social media, streaming, and online shopping taking over our lives. Well, get ready — because the future of Web3 is here. Say hello to the next evolution of the internet, where users have more control, digital money flows freely, and ownership actually means something. So, what exactly is Web3? Think of it as the internet on blockchain steroids. Unlike today’s web (where big companies own your data and decide the rules), Web3 is built on decentralized technology — meaning no single company, government, or billionaire can pull - [BONE Gains Momentum as Volume and Derivatives Trading Soar](https://news.shib.io/2025/03/26/bone-gains-momentum-as-volume-and-derivatives-trading-soar/): Bone ShibaSwap (BONE) is charging ahead, its price climbing as trading volume doubles and derivatives activity surges. Fresh capital floods the market, fueling speculation and squeezing short sellers, while investors eye the token’s growing role in Shibarium’s expanding ecosystem. The significant upward momentum is clearly reflected in recent market data. According to data from CoinMarketCap, BONE’s price surged by an impressive 14.31% over the last 24 hours, pushing it to trade around $0.4059 at the time of reporting. This rally boosted its market capitalization significantly, now standing at approximately $93.33 million. Such strong price action indicates robust buying pressure and - [Shiba Inu Approaches Key Breakout as Derivatives Surge 165%](https://news.shib.io/2025/03/26/shiba-inu-approaches-key-breakout-as-derivatives-surge-165/): Shiba Inu (SHIB) could be poised for a significant rally, according to a technical analysis shared by a crypto analyst, who projects a potential 12-fold increase based on emerging chart patterns, while recent derivatives data shows a massive spike in trading activity. The heightened market activity comes as technical analysts observe potentially bullish formations on Shiba Inu’s long-term price chart. One analyst, operating under the X handle Crypto Elites, recently highlighted a pattern suggesting significant upside potential, projecting a possible 12-fold increase for the popular meme-inspired token. Crypto Elites’ analysis points to a structure resembling a “W-bottom” or inverse head - [South Korea Blocks Crypto Apps, Older Investors Flood Market](https://news.shib.io/2025/03/26/south-korea-blocks-crypto-apps-older-investors-flood-market/): South Korea throws up digital roadblocks, compelling Google to block 17 foreign crypto exchange apps from its domestic Play Store, even as a surprising silver tide floods the local market – millions of older investors are pouring into digital assets, driving unprecedented growth and creating a stark regulatory paradox for Seoul. Google Blocks Unregistered Crypto Exchange Apps in South Korea The crackdown targets platforms operating without proper registration within South Korea. Since late March, Google, acting on a government directive, prevents users in the country from installing or updating apps for exchanges including prominent names like KuCoin, MEXC, Poloniex, and - [ShibaSwap Outpaces Major DEXs with 228% Volume Growth](https://news.shib.io/2025/03/25/shibaswap-outpaces-major-dexs-with-228-volume-growth/): ShibaSwap, the decentralized exchange (DEX) at the heart of the Shiba Inu ecosystem, has experienced a remarkable surge in trading volume over the past 30 days, outpacing many established DEXs and signaling growing adoption of the platform. ShibaSwap Explosive 30-Day Trading Volume Growth Data from CryptoDiffer, compiled from DefiLlama, reveals that ShibaSwap’s trading volume increased by a staggering 228% between late February and March 25, 2024. This impressive growth places ShibaSwap fifth on CryptoDiffer’s list of “Top DEXs by trading volume growth in the last 30 days,” putting it ahead of several well-known platforms.  Understanding ShibaSwap DEX Performance This surge - [Shiba Inu Reserves Plummet as Whale Transactions Surge—Why?](https://news.shib.io/2025/03/25/shiba-inu-reserves-plummet-as-whale-transactions-surge-why/): The on-chain landscape of Shiba Inu is shifting fast—exchange reserves are drying up, and whales are making big moves. As billions of SHIB vanish from trading platforms and high-value transactions surge, traders are left questioning: accumulation or a looming sell-off? Typically, a dwindling exchange reserve is viewed as a bullish indicator. With fewer tokens readily available for sale, a potential supply crunch could push prices higher—provided demand remains strong. However, another key metric introduces uncertainty into this equation. Shiba Inu Exchange Reserves Decline—A Bullish or Bearish Signal? Data from on-chain analytics firm CryptoQuant reveals a sustained decrease in the amount - [Token Burn Reversal: ZachXBT Labels CRO a Scam After Crypto.com Backtracks on 70B](https://news.shib.io/2025/03/25/zachxbt-labels-cro-a-scam-after-crypto-com-reverses-70b-token-burn/): Blockchain investigator ZachXBT has called Crypto.com’s CRO token a scam after the platform reversed a 70 billion token burn. The decision has sparked concerns over governance transparency on the Cronos blockchain. The blockchain investigator criticized CRO in response to a recent announcement from the exchange’s CEO, Kris Marszalek. Marszalek shared news of a partnership between Crypto.com and Trump Media, the parent company of Truth Social, the media platform founded by President Donald Trump. In reaction to the post, ZachXBT alleged that CRO is “no different from a scam.”  “Your team just reissued 70B CRO a week ago that was previously - [ADGM, Chainlink Partner to Expand Blockchain Integration Efforts](https://news.shib.io/2025/03/25/adgm-chainlink-partner-to-expand-blockchain-integration-efforts/): Abu Dhabi Global Market (ADGM) partners with Chainlink to enhance blockchain integration and bridge traditional finance with decentralized technology. According to an announcement from ADGM, as part of the agreement, ADGM will gain access to Chainlink’s data feeds and interoperability solutions, enhancing its ability to integrate blockchain-based innovations. The partnership also seeks to foster discussions on emerging technologies, including blockchain and artificial intelligence, as ADGM continues to position itself as a hub for financial innovation in the region. “This strategic alliance is a significant step in further solidifying ADGM’s leadership in enabling blockchain innovation and enhancing alignment in the regulatory - [Trump Media Signs Preliminary Deal With Crypto.com to Launch ETFs](https://news.shib.io/2025/03/25/trump-media-signs-preliminary-deal-with-crypto-com-to-launch-etfs/): Trump Media & Technology Group Corp. (TMGTG), the company behind President Donald Trump’s social platform Truth Social, has signed a non-binding agreement with Crypto.com to develop a lineup of exchange-traded funds (ETFs) and exchange-traded products (ETPs) under the Truth.Fi brand. Crypto.com revealed plans to handle the backend technology and custody services for a new range of ETFs through its U.S. trust entity, Crypto.com Custody Trust Company. The platform will also supply the cryptocurrency for these funds. Investors will be able to purchase the ETFs via Foris Capital US LLC, Crypto.com’s registered broker-dealer. The rollout is scheduled for later this year, - [X Stock Lawsuit Against Elon Musk Faced Opposition from SEC Chair Mark Uyeda](https://news.shib.io/2025/03/25/x-stock-lawsuit-against-elon-musk-faced-opposition-from-sec-chair-mark-uyeda/): Mark Uyeda, the acting chair of the Securities and Exchange Commission (SEC), has reportedly been the sole commissioner to oppose suing X owner Elon Musk over his delayed disclosure of X stock. According to a Reuters report citing three sources, four out of five SEC commissioners, including Republican Hester Peirce, have voted in favor of suing Musk. The decision was made during a closed-door vote, reflecting ongoing scrutiny by the regulator. The regulator has been investigating Musk since 2022 for allegedly violating federal securities laws by failing to disclose his acquisition of more than 5% of X stock in a - [Blockchain in Music: Empowering Artists and Fans](https://news.shib.io/2025/03/25/blockchain-in-music-industry-empowering-artists-and-fans/): For decades, the music industry has been controlled by record labels, streaming platforms, and other middlemen who take a significant cut of an artist’s earnings. Musicians often struggle to get fair compensation, with royalties trickling in slowly and opaquely. Fans, on the other hand, have little say in supporting their favorite artists beyond buying albums or streaming songs — often with only a fraction of that money reaching the creators themselves. Blockchain technology is changing that. Originally built for cryptocurrencies like Bitcoin, blockchain is a decentralized and transparent digital ledger that records transactions securely. In the music industry, it has - [Virtual Economies and Commerce: Shopping, Business, and the Metaverse](https://news.shib.io/2025/03/24/virtual-economies-and-commerce-shopping-business-and-the-metaverse/): The Metaverse is a digital world where people interact, work, and shop using virtual and augmented reality. It creates immersive 3D spaces where users can connect, explore, and participate in virtual economies, buying and selling goods just like in real life. Commerce is evolving as businesses create virtual stores, digital products, and new ways for customers to shop. Instead of just browsing a website, people can walk through a virtual mall, try on digital clothing, or attend live shopping events. Payments in the Metaverse often use cryptocurrencies or NFTs, making digital ownership a key part of the economy. This article - [Russia Central Bank Governor Renews Push for Stricter Crypto Ban](https://news.shib.io/2025/03/24/russia-central-bank-governor-renews-push-for-stricter-crypto-ban/): Russia Central Bank Governor Elvira Nabiullina has announced plans for a crypto ban that would prohibit cryptocurrency transactions between residents unless conducted within Russia’s experimental legal framework. Russian media outlet RBC reported that Nabiullina emphasized the need for penalties against those who bypass the proposed crypto ban on transactions. She stated that consequences should be in place for individuals or entities using digital assets as a means of payment outside the approved legal framework. “We remain with the old position that cryptocurrencies should not be allowed as a means of payment, so we propose to introduce a ban on settlements - [Crypto Securities Laws Need Clarity, Says SEC’s Mark Uyeda](https://news.shib.io/2025/03/24/crypto-securities-laws-need-clarity-says-secs-mark-uyeda/): The U.S. Securities and Exchange’s (SEC) Acting Chair Mark Uyeda noted the legal uncertainty surrounding crypto securities laws, stressing the need for clearer regulatory guidance. At the inaugural roundtable of the SEC’s Crypto Task Force, Acting Chair Uyeda addressed the ongoing legal uncertainty surrounding the classification of crypto assets under federal securities laws.  Uyeda emphasized the importance of providing clearer guidance to market participants and suggested that the SEC should explore rule making rather than relying solely on enforcement actions to define crypto’s legal status. In his speech, the acting chair acknowledged that since Bitcoin’s creation in 2008, regulators, market - [US Treasury Lifts Tornado Cash Sanctions, Citing Innovation Value](https://news.shib.io/2025/03/24/us-treasury-lifts-tornado-cash-sanctions-citing-innovation-value/): The U.S. Department of the Treasury has lifted sanctions on Tornado Cash-linked addresses, rolling back restrictions on the crypto mixing service after legal setbacks and regulatory hurdles. The Office of Foreign Assets Control (OFAC), the agency overseeing sanctions enforcement, made the decision to remove Tornado Cash-linked addresses from the Specially Designated Nationals (SDN) list. “Based on the Administration’s review of the novel legal and policy issues raised by use of financial sanctions against financial and commercial activity occurring within evolving technology and legal environments, we have exercised our discretion to remove the economic sanctions against Tornado Cash as reflected in - [Pakistan Explores Bitcoin Mining Using Excess Energy Resources](https://news.shib.io/2025/03/24/pakistan-explores-bitcoin-mining-using-excess-energy-resources/): Pakistan Crypto Council CEO Bilal Bin Saqib has suggested harnessing the country’s excess energy for Bitcoin mining, arguing that unused power could fuel economic growth.  Saqib introduced the proposal at the council’s first meeting on March 21, emphasizing the potential benefits of integrating cryptocurrency mining into Pakistan’s energy strategy. According to The Nation, the initiative aims to create clear guidelines for cryptocurrency operations, encouraging both local and international investors to participate in Pakistan’s evolving digital economy. Key figures, including lawmakers, the Governor of the Bank of Pakistan, the Chairman of the Securities and Exchange Commission of Pakistan (SECP), and the - [BONE Surges as Bullish Breakout Signals More Upside](https://news.shib.io/2025/03/24/bone-surges-as-bullish-breakout-signals-more-upside/): BONE ShibaSwap breaks out of consolidation, surging past key resistance levels as trading volume rises. The governance and gas token of the Shiba Inu ecosystem is gaining momentum, with technical indicators pointing to sustained strength. Technical Analysis: BONE’s Decisive Breakout The TradingView chart (daily timeframe) for BONE/USDT reveals a compelling technical setup. After a prolonged period of consolidation, characterized by relatively low volatility and sideways price action, BONE has decisively broken above the upper Bollinger Band. This breakout is a significant bullish signal, often indicating the start of a new uptrend. Bollinger Band Breakout: The price surge has pushed BONE - [Court Blocks Justin Sun’s Bid to Hide $3B Crypto Fortune From Bloomberg](https://news.shib.io/2025/09/24/court-blocks-justin-suns-bid-to-hide-3b-crypto-fortune-from-bloomberg/): Tron founder Justin Sun lost a court bid to stop Bloomberg from revealing his reported $3B crypto holdings, with a judge ruling he failed to prove his case. - [Understanding Smart Contracts: Common Misconceptions Explained](https://news.shib.io/2025/09/24/understanding-smart-contracts-common-misconceptions-explained/): Smart contracts are computer programs on blockchains that automatically execute digital agreements, like vending machines for crypto. They’re powerful but often misunderstood. They aren’t legal contracts, they’re not flawless, and they don’t eliminate trust or cover real-world actions. Clearing up these misconceptions helps build confidence, encourage adoption, and guide smarter innovation. - [Shibarium Bridge: Dev Details Path to Stronger Decentralization](https://news.shib.io/2025/09/24/shibarium-bridge-dev-details-path-to-stronger-decentralization/): In a transparent security update, a Shiba Inu developer details past validator flaws while outlining a corrective path toward a more resilient network. - [Lawmakers Push SEC to Fast-Track Trump’s Crypto 401(k) Retirement Plans](https://news.shib.io/2025/09/23/lawmakers-push-sec-to-fast-track-trumps-crypto-401k-retirement-plans/): Nine U.S. lawmakers are pressing the SEC to implement President Trump’s executive order to allow crypto and other alternative assets in 401(k) retirement plans, aiming to give Americans more options for long-term wealth building while prompting regulatory updates. - [UK Regulator Slashes Approval Time for Crypto Firms After Years of Delays](https://news.shib.io/2025/09/23/uk-regulator-slashes-approval-time-for-crypto-firms-after-years-of-delays/): The UK’s Financial Conduct Authority has sped up approvals for crypto firms, cutting review times and raising acceptance rates, while interest in the market declines and regulators prepare a full digital asset framework for 2026. - [Argentine Peso Plunges as US Pledges Support Ahead of Midterms](https://news.shib.io/2025/09/23/argentine-peso-plunges-as-us-pledges-support-ahead-of-midterms/): U.S. Treasury Secretary Scott Bessent pledged support for Argentina as the Argentine peso tumbles amid soaring inflation, political uncertainty, and a DOJ probe into the LIBRA token, while markets reacted positively to Washington’s backing ahead of key elections. - [Ethereum Foundation Forms AI Team to Power Future Machine Economy](https://news.shib.io/2025/09/23/ethereum-foundation-forms-ai-team-to-power-future-machine-economy/): The Ethereum Foundation has launched the dAI Team, a new unit focused on integrating artificial intelligence with Ethereum. Led by Davide Crapis, the team aims to build an AI-driven economy on Ethereum and develop decentralized AI infrastructure to ensure open, censorship-resistant alternatives. By aligning blockchain innovation with AI development, the initiative positions Ethereum as a potential foundation for the future machine economy. - [What Are Meme Coins and How Do They Differ From Traditional Cryptocurrencies?](https://news.shib.io/2025/09/23/what-are-meme-coins-and-how-do-they-differ-from-traditional-cryptocurrencies/): Meme coins started as internet jokes but have grown into vibrant, community-driven tokens. Unlike traditional cryptos focused on utility, they thrive on culture, hype, and social media, showing how fun and finance collide in the crypto world. - [Shibarium Bridge: Dev Commits to Audits in 4-Phase Security Plan](https://news.shib.io/2025/09/23/shibarium-bridge-dev-commits-to-audits-in-4-phase-security-plan/): The Shibarium bridge will remain offline until independent audits and security reviews confirm all required security measures are complete, Shiba Inu developer Kaal Dhairya said in a detailed update. The post clarifies which tasks are currently ongoing, in progress, and planned, highlighting a structured, verification-first approach to reopening the platform’s cross-chain bridge. Ongoing Containment and Hardening Efforts According to the latest update, Phase A: Containment is currently active. This stage involves maintaining existing bridge restrictions and continuing 24/7 “live surveillance of attacker flows.” Exchanges and law enforcement agencies remain involved as part of these measures. Simultaneously, Phase B: Hardening is - [12 Real-Life Problems That Blockchain Technology Could Quietly Solve](https://news.shib.io/2025/09/22/12-real-life-problems-that-blockchain-technology-could-quietly-solve/): Blockchain technology isn’t just about Bitcoin, it’s being tested to solve everyday problems. From faster payments and secure digital IDs to transparent supply chains and safer food, it’s quietly reshaping daily life in ways most people don’t see. - [China Launches AxCNH Stablecoin in Bid to Challenge Dollar Dominance](https://news.shib.io/2025/09/22/china-launches-axcnh-stablecoin-in-bid-to-challenge-dollar-dominance/): China is stepping up its stablecoin strategy with the launch of AxCNH, a digital token pegged to the offshore yuan by Hong Kong fintech AnchorX. Announced at the Belt and Road Summit, the project aims to streamline cross-border payments and settlements, especially for Belt and Road partners. Backed by partnerships with firms like Zoomlion and listed on Kazakhstan’s ATAIX exchange, AxCNH emphasizes how stablecoins are evolving into tools of economic influence and competition with the US dollar. - [Coinbase CEO Aims to Replace Banks With Bold Crypto Super App Vision](https://news.shib.io/2025/09/22/coinbase-ceo-aims-to-replace-banks-with-bold-crypto-super-app-vision/): Coinbase CEO Brian Armstrong revealed plans for a “crypto super app” combining payments, credit cards, and Bitcoin rewards, aiming to rival traditional banks. - [Toyota and Yamaha Turn to Tether as Bolivia’s Dollar Crisis Deepens](https://news.shib.io/2025/09/22/toyota-and-yamaha-turn-to-tether-as-bolivias-dollar-crisis-deepens/): Major automakers Toyota, Yamaha, and BYD have begun accepting Tether in Bolivia as the country faces a U.S. dollar shortage. This move spotlights growing crypto adoption for everyday transactions, supported by partnerships with BitGo and a bilateral agreement with El Salvador to explore digital currencies and enhance financial inclusion. - [Ethereum Needs Its ‘Google Search’? Vitalik Says Low-Risk DeFi Could Be It](https://news.shib.io/2025/09/22/ethereum-needs-its-google-search-vitalik-says-low-risk-defi-could-be-it/): Ethereum co-founder Vitalik Buterin says low-risk DeFi could become the network’s main revenue source, providing steady income while supporting non-financial apps and Ethereum’s cultural values. - [Shibarium Bridge Exploit: Kaal Drops Latest Dev Report Post Hack](https://news.shib.io/2025/09/22/shibarium-bridge-exploit-kaal-drops-latest-dev-report-post-hack/): A new report from Shiba Inu core developer Dhairya provides comprehensive details on the September 12 security incident, outlining the attack method and the team's containment strategy. - [White House Faces Heat on CFTC Nominee After Winklevoss Criticism](https://news.shib.io/2025/09/19/white-house-faces-heat-on-cftc-nominee-after-winklevoss-criticism/): The White House is exploring new candidates for CFTC chair after Brian Quintenz’s nomination stalled, amid political pushback and scrutiny linked to Gemini co-founders, the Winklevoss twins. Potential replacements include officials with crypto regulatory experience, as the selection could shape U.S. oversight of digital assets. - [CEO Admits $200M Bitcoin Ponzi Scheme, Spent Millions on Cars and Mansions](https://news.shib.io/2025/09/19/ceo-admits-200m-bitcoin-ponzi-scheme-spent-millions-on-cars-and-mansions/): Ramil Ventura Palafox, CEO of Praetorian Group International (PGI), ran a $200M Bitcoin Ponzi scheme that defrauded over 90,000 investors. He misled clients with fake trading returns, manipulated an online portal to show profits, and spent millions on luxury cars, homes, and personal expenses. Palafox has pleaded guilty to wire fraud and money laundering. - [Baptism of Fire](https://news.shib.io/2025/09/19/baptism-of-fire/) - [Trump and Starmer Memorandum Seal US-UK Pact on AI, Quantum Tech, and More](https://news.shib.io/2025/09/19/trump-and-starmer-memorandum-seal-us-uk-pact-on-ai-quantum-tech-and-more/): President Trump and UK Prime Minister Keir Starmer signed a nonbinding MOU to collaborate on AI, quantum computing, nuclear energy, and telecommunications, targeting applications in defense, space exploration, and advanced medical research. The agreement establishes a Ministerial-Level Working Group to guide projects and aims to drive innovation, economic deals, and global leadership in emerging technologies. - [US Lawmakers Press SEC on Justin Sun, Trump Ties, and Tron Nasdaq Listing](https://news.shib.io/2025/09/19/us-lawmakers-press-sec-on-justin-sun-trump-ties-and-tron-nasdaq-listing/): U.S. lawmakers Jeff Merkley and Sean Casten have pressed the SEC to explain its decision to drop the case against Tron founder Justin Sun and to clarify its approach to crypto firms seeking U.S. listings. - [Bank of Canada Urges Stablecoin Rules Before the Country Gets Left Behind](https://news.shib.io/2025/09/19/bank-of-canada-urges-stablecoin-rules-before-the-country-gets-left-behind/): Bank of Canada’s Ron Morrow is urging regulators to create a clear framework for stablecoins, warning that without swift action, Canada risks falling behind other countries that are modernizing their payment systems. - [SEC Greenlights Faster Crypto ETF Approvals With New Listing Standards](https://news.shib.io/2025/09/18/sec-greenlights-faster-crypto-etf-approvals-with-new-listing-standards/): The SEC has approved new standards to speed up spot crypto ETF approvals, allowing multiple applications to proceed without individual review, aiming to boost market clarity and investor access. - [US Crypto Czar David Sacks Denies Exceeding Job Limit Amid Warren Probe](https://news.shib.io/2025/09/18/us-crypto-czar-david-sacks-denies-exceeding-job-limit-amid-warren-probe/): Several U.S. lawmakers are questioning whether Crypto Czar David Sacks has exceeded the 130-day limit for Special Government Employees, raising potential ethics concerns. - [Coinbase Data Breach: Suspect Named as TaskUs Staff Took $500K in Bribes](https://news.shib.io/2025/09/18/coinbase-data-breach-suspect-named-as-taskus-staff-took-500k-in-bribes/): A New York court filing links TaskUs employees to Coinbase’s January 2025 data breach, alleging $500K in bribes led to leaked customer data and massive losses. - [Denver Pastor Ordered to Repay $3.39M After Defrauding 600 Church Members](https://news.shib.io/2025/09/18/denver-pastor-ordered-to-repay-3-39m-after-defrauding-600-church-members/): A Denver pastor and his wife have been ordered to repay $3.39 million after a court found their INDXcoin scheme defrauded hundreds of church members and investors. - [UK Financial Regulator Considers Easing Rules for Crypto: What It Means SHIB](https://news.shib.io/2025/09/18/uk-financial-regulator-considers-easing-rules-for-crypto-what-it-means-shib/): The UK’s Financial Conduct Authority has proposed extending traditional financial rules to crypto firms, seeking public feedback as it works toward clearer regulation, stronger consumer protections, and improved market trust. - [Coinbase Pushes DOJ to Block State Crypto Crackdowns, Cites Risks](https://news.shib.io/2025/09/17/coinbase-pushes-doj-to-block-state-crypto-crackdowns-cites-risks/): Coinbase has asked the DOJ to block state-level crypto enforcement, citing inconsistent “blue-sky” regulations that could hinder industry growth and urging federal preemption. - [Santander Launches Crypto Trading in Germany, Targets Spain Rollout](https://news.shib.io/2025/09/17/santander-launches-crypto-trading-in-germany-targets-spain-rollout/): Banco Santander’s digital bank, Openbank, has launched crypto trading in Germany, allowing customers to buy, sell, and hold major cryptocurrencies, with a rollout to Spain planned soon. The service is regulated under the EU’s MiCA framework, ensuring investor protection and compliance. This move emphasizes European banks’ increasing adoption of digital assets as part of mainstream financial services. - [Trump Sues New York Times for $15B, Cites Damage to His Brand and Businesses](https://news.shib.io/2025/09/17/trump-sues-new-york-times-for-15b-cites-damage-to-his-brand-and-businesses/): President Donald Trump has filed a defamation and libel lawsuit against the New York Times and its publisher, claiming false reporting in articles and a book damaged his personal brand and business interests, including his media company, resulting in alleged billions in losses. The suit also names four reporters and is part of a broader legal strategy targeting major media outlets. - [UK Teams Up With US on Digital Asset Regulation — Impact on SHIB Holders](https://news.shib.io/2025/09/17/uk-teams-up-with-us-on-digital-asset-regulation-impact-on-shib-holders/): UK and US officials, including Chancellor Rachel Reeves and Treasury Secretary Scott Bessent, met to enhance crypto collaboration, focusing on digital asset regulation and attracting more investment to Britain. - [Israel Seizes 187 Crypto Wallets Tied to $1.5B from Iran’s Revolutionary Guard](https://news.shib.io/2025/09/17/israel-seizes-187-crypto-wallets-tied-to-1-5b-from-irans-revolutionary-guard/): Israel’s counterterrorism finance unit is moving to seize 187 crypto wallets linked to Iran’s Revolutionary Guard, accused of handling $1.5B in Tether transactions. - [Act Now: Shiba Inu NFT Recovery Extended to September 23](https://news.shib.io/2025/09/16/act-now-shiba-inu-nft-recovery-extended-to-september-23/): Collectors, don’t miss out—Shiba Inu has extended the NFT recovery for The Shib covers deadline to September 23. Export your private key and secure your magazine covers now. - [Bank of England Stablecoin Cap Plan Sparks Backlash From UK Crypto Groups](https://news.shib.io/2025/09/16/bank-of-england-stablecoin-cap-plan-sparks-backlash-from-uk-crypto-groups/): UK crypto advocacy groups are pushing back against the Bank of England’s proposed stablecoin caps, arguing the limits would be costly, difficult to enforce, and could harm the UK’s competitiveness. - [Robinhood Pushes SEC for Fund Letting Everyday Investors Back Startups](https://news.shib.io/2025/09/16/robinhood-pushes-sec-for-fund-letting-everyday-investors-back-startups/): Robinhood is seeking SEC approval for Robinhood Ventures Fund I, a closed-end fund that would give retail investors access to its private venture capital portfolio, aiming to democratize early-stage investing across multiple high-growth sectors. - [$2M+ Shibarium Bridge Exploit: Crucial Response Now Limits Losses](https://news.shib.io/2025/09/16/2m-shibarium-bridge-exploit-crucial-response-now-limits-losses/): A major exploit hit the Shibarium bridge Friday, draining over $2M after an attacker seized temporary control of 10 validators. Thanks to swift action by the Shiba Inu core team and K9 Finance DAO, more than $1M of assets were secured, and stolen KNINE tokens were frozen. - [France May Block Crypto Firms Using EU Licenses Over MiCA Concerns](https://news.shib.io/2025/09/16/france-may-block-crypto-firms-using-eu-licenses-over-mica-concerns/): France’s financial regulator, the AMF, has warned it may challenge crypto firms using EU licenses under MiCA, citing uneven enforcement and calling for stronger centralized oversight through ESMA. - [SEC Will Notify Crypto Firms Before Enforcement Actions, Says SEC Chair Atkins](https://news.shib.io/2025/09/16/sec-will-notify-crypto-firms-before-enforcement-actions-says-sec-chair-atkins/): SEC Chair Paul Atkins announced a shift in policy, saying the agency will notify crypto firms of potential violations before enforcement, aiming for more transparency and predictability in regulation. - [American Express Turns Your Travels into Collectible NFT Passport Stamps](https://news.shib.io/2025/09/16/american-express-turns-your-travels-into-collectible-nft-passport-stamps/): American Express has launched Amex Passport, a blockchain-powered program that gives cardholders NFT travel stamps as digital keepsakes, stored on Ethereum’s Base. - [K9 Finance Offers Bounty for Return of Funds After Shibarium Exploit](https://news.shib.io/2025/09/16/k9-finance-offers-bounty-for-return-of-funds-after-shibarium-exploit/): Following a significant exploit on the Shibarium bridge, K9 Finance DAO has taken the unusual step of offering the attacker a deal: a 5 Ether bounty for the return of $700,000 in stolen tokens. The offer was sent directly to the attacker's wallet via an onchain message and comes with a catch, as the DAO has already frozen the stolen assets. "Their only way of getting value is accepting the bounty," stated K9's lead developer. - [Shytoshi Kusama Breaks Silence, Calls Absence Claims ‘Preposterous’ Amid Exploit](https://news.shib.io/2025/09/16/shytoshi-kusama-breaks-silence-calls-absence-claims-preposterous-amid-shibarium-exploit/): Shiba Inu’s lead figure, Shytoshi Kusama, has broken his silence on the recent Shibarium exploit, confirming he is in a “war room” with developers to manage the crisis. Describing his initial quiet as a calculated move to understand the “complex and deep” situation, Kusama dismissed any suggestion of his absence as “utterly preposterous” and assured the community a coordinated response is underway. - [Trump Battles to Remove Federal Reserve Lisa Cook Ahead of Key Rate Decision](https://news.shib.io/2025/09/15/trump-battles-to-remove-federal-reserve-lisa-cook-ahead-of-key-rate-decision/): President Trump has filed an appeal to remove Federal Reserve Governor Lisa Cook, citing alleged misconduct, as new evidence emerges just before a major Fed interest rate decision. - [Coinbase Reveals How Crypto Projects Can Secure a High-Profile Listing](https://news.shib.io/2025/09/15/coinbase-reveals-how-crypto-projects-can-secure-a-high-profile-listing/): Coinbase has published a comprehensive guide detailing how crypto projects can get listed on its exchange. The step-by-step process is merit-based, free of charge, and evaluates projects on technical, legal, and market factors, offering a clear roadmap for emerging digital assets. - [Kalshi Faces Massachusetts Lawsuit as Prediction Markets Heat Up](https://news.shib.io/2025/09/15/kalshi-faces-massachusetts-lawsuit-as-prediction-markets-heat-up/): Massachusetts Attorney General Andrea Joy Campbell has filed a civil lawsuit against Kalshi, alleging the federally regulated prediction market offered unlicensed sports betting disguised as “event contracts.” The state claims over $1 billion was wagered across 3.4 million bets, seeks damages and penalties, and wants Kalshi to halt operations in Massachusetts. Kalshi says its CFTC-regulated contracts are financial instruments, not gambling. - [Pakistan Opens Doors to Crypto Firms — What It Could Mean for SHIB Holders](https://news.shib.io/2025/09/15/pakistan-opens-doors-to-crypto-firms-what-it-could-mean-for-shib-holders/): Pakistan’s Virtual Asset Regulatory Authority (PVARA) is inviting leading global crypto firms and VASPs to apply for licenses under its new federal framework. The initiative seeks to align the country’s virtual asset sector with international standards set by FATF, IMF, and the World Bank while strengthening compliance, security, and the overall digital economy. - [What Is Web3, Really? A Simple Guide to the Internet’s Next Evolution](https://news.shib.io/2025/09/15/what-is-web3-really-a-simple-guide-to-the-internets-next-evolution/): Web3 is the next stage of the internet where users can not only read and create but also truly own digital assets and data. Built on blockchain, crypto, and smart contracts, it shifts power from tech giants to communities. Web3 promises more freedom, transparency, new opportunities for creators, and financial access for people worldwide, though it’s still in its early days. - [Nemo Protocol Hit by $2.6M Exploit After Rogue Dev Deploys Code](https://news.shib.io/2025/09/12/nemo-protocol-hit-by-2-6m-exploit-after-rogue-dev-deploys-code/): Nemo Protocol on the Sui Network suffered a $2.6M exploit after a developer deployed unaudited code, bypassing standard audit procedures. The flaw in a key function allowed system manipulation, prompting the team to pause core functions, patch the code, remove the flash loan feature, add a manual-reset, and design a compensation plan while collaborating with security teams. - [Trump’s CFTC Pick Says Winklevoss Urged Pause on His Confirmation](https://news.shib.io/2025/09/12/trumps-cftc-pick-says-winklevoss-urged-pause-on-his-confirmation/): CFTC Chair nominee Brian Quintenz revealed private messages with Gemini co-founder Tyler Winklevoss suggesting Winklevoss may have tried to delay his confirmation. The messages referenced Gemini’s past dispute with the CFTC, while Quintenz spotlighted concerns over transparency and political influence in the crypto sector. The situation underscores tensions between regulators, industry leaders, and government, with potential implications for future oversight and innovation in digital assets. - [Crypto Mining Scam: Hong Kong Workers Arrested for Stealing Care Home Power](https://news.shib.io/2025/09/12/crypto-mining-scam-hong-kong-workers-arrested-for-stealing-care-home-power/): Two Hong Kong technicians were arrested for secretly running crypto mining machines in care homes for the disabled, causing high electricity bills and slow internet. - [Coinbase Pushes UK Blockchain Petition — Could It Spark a Parliament Debate?](https://news.shib.io/2025/09/12/coinbase-pushes-uk-blockchain-petition-could-it-spark-a-parliament-debate/): Coinbase has energized its UK user base to back a public petition urging the government to adopt pro-innovation blockchain and stablecoin policies. The July-launched petition seeks a regulatory framework, including stablecoin rules and a dedicated crypto “czar,” and has gathered over 7,000 signatures. Surpassing 10,000 triggers a government response, while 100,000 could bring the issue to Parliament for debate. - [South Korea Lets Crypto Firms Become Venture Firms — Impact on SHIB Holders](https://news.shib.io/2025/09/12/south-korea-lets-crypto-firms-become-venture-firms-impact-on-shib-holders/): South Korea has lifted its 7-year ban on recognizing crypto firms as venture firms, granting them access to funding and incentives while boosting industry legitimacy. - [Remote Jobs and Careers in Web3: The Future of Work Explained](https://news.shib.io/2025/09/11/remote-jobs-and-careers-in-web3-the-future-of-work-explained/): Careers in Web3 are transforming the future of work by offering remote, global opportunities, skill-based contributions, token-based rewards, and active participation in decentralized projects. This new model empowers workers to grow, collaborate, and shape projects while building long-term careers in a flexible, community-driven environment. - [How Musicians Use NFTs to Build Stronger Connections With Fans](https://news.shib.io/2025/09/11/how-musicians-use-nfts-to-build-stronger-connections-with-fans/): Musicians use NFTs to connect directly with fans, offering exclusive songs, digital collectibles, and interactive experiences. NFTs give artists new revenue streams, empower smaller creators, and foster long-term fan loyalty while reshaping music culture and engagement. - [7 Proven Ways to Earn Passive Income Using DeFi Platforms](https://news.shib.io/2025/09/11/7-proven-ways-to-earn-passive-income-using-defi-platforms/): Earning money while you sleep sounds like a dream, right? That’s exactly what DeFi platforms make possible. Gone are the days when your crypto just sat idly in a wallet, collecting dust. Now, with decentralized finance, you can put your digital assets to work and watch them grow, all without relying on traditional banks. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Key points: In this guide, we’ll break down seven practical ways to earn passive income on DeFi platforms. From staking to lending and even exploring automated strategies, you’ll get a clear, - [How AI Is Transforming Crypto Trading: 7 Key Ways to the Future](https://news.shib.io/2025/09/11/how-ai-is-transforming-crypto-trading-7-key-ways-to-the-future/): AI is reshaping crypto trading by providing predictive analytics, automated bots, sentiment analysis, and beginner-friendly insights, making trading faster, smarter, and more accessible while helping traders manage risk and optimize strategies. - [A Beginner’s Guide to Buying NFTs: Step-by-Step for First-Timers](https://news.shib.io/2025/09/11/a-beginners-guide-to-buying-nfts-step-by-step-for-first-timers/): Buying NFTs lets first-timers own unique digital collectibles like art, music, or in-game items. With the right wallet, marketplace, and security steps, anyone can confidently make their first purchase and explore the NFT world safely. - [Shiba Inu Releases Official LEASH v2 Migration Plan: What Holders and LPs Need to Know](https://news.shib.io/2025/09/10/shiba-inu-releases-official-leash-v2-migration-plan-what-holders-and-lps-need-to-know/): Shiba Inu has finalized its three-phase LEASH v2 migration plan, outlining clear steps for holders, stakers, and liquidity providers ahead of the official portal launch. - [LEASH v2 Migration Now Nears After Final Security Greenlight](https://news.shib.io/2025/09/10/leash-v2-migration-now-nears-after-final-security-greenlight/): After a hidden flaw in LEASH v1 undermined confidence, Shiba Inu’s developers present a verifiable fix: Hexens has audited LEASH v2, confirming supply integrity and migration security. - [A Freelancer’s Guide to Getting Paid in Crypto Safely](https://news.shib.io/2025/09/10/a-freelancers-guide-to-getting-paid-in-crypto-safely/): Freelancers can get paid in crypto for fast, borderless, and flexible income. Using secure wallets, trusted platforms, and following tax rules ensures safe, efficient earnings. - [6 Ways Crypto Can Help Immigrant Families Send Money Home](https://news.shib.io/2025/09/10/6-ways-crypto-can-help-immigrant-families-send-money-home/): Crypto helps immigrant families send money home faster, with lower fees, more flexibility, and secure, transparent transactions, empowering global support. - [Bitcoin for Tuition? When Universities Start Accepting Crypto](https://news.shib.io/2025/09/10/bitcoin-for-tuition-when-universities-start-accepting-crypto/): Some universities are letting students pay tuition with Bitcoin, offering faster, cheaper, and simpler payments while signaling crypto’s move into real-world use. - [Lost Your Private Keys? Here’s What Happens Next](https://news.shib.io/2025/09/10/lost-your-private-keys-heres-what-happens-next/): Losing private keys means losing access to your crypto forever. Even millions in Bitcoin are useless without them, emphasizing the importance of careful key management. - [How to Send Crypto Like a Pro (Without Losing It in the Process)](https://news.shib.io/2025/09/10/how-to-send-crypto-like-a-pro-without-losing-it-in-the-process/): Sending crypto requires careful attention to wallets, networks, and addresses. Using test transactions, 2FA, and verifying details helps prevent costly mistakes. - [Nasdaq Pushes SEC to Approve Tokenized Stock Market on Blockchain](https://news.shib.io/2025/09/09/nasdaq-pushes-sec-to-approve-tokenized-stock-market-on-blockchain/): The Nasdaq has requested SEC approval to list and trade tokenized stocks, aiming to integrate blockchain into traditional markets while ensuring investor protections. This move could also boost the legitimacy and visibility of digital tokens like SHIB as the financial system increasingly embraces tokenization. - [Putin Adviser Says US Using Stablecoins, Gold to Tackle $37T Federal Debt](https://news.shib.io/2025/09/09/putin-adviser-says-us-using-stablecoins-gold-to-tackle-37t-federal-debt/): Anton Kobyakov, an adviser to Russian President Vladimir Putin, has accused the U.S. government of using cryptocurrency and gold to strategically devalue its federal debt amid declining confidence in the dollar. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Key points: “The U.S. is now trying to rewrite the rules of the gold and cryptocurrency markets. Remember the size of their debt—35 trillion dollars. These two sectors are essentially alternatives to the traditional global currency system,” Kobyakov stated during a press briefing at the Eastern Economic Forum.  Kobyakov compared the U.S. financial situation - [OpenSea Launches $1M NFT Reserve, Buys CryptoPunk to Kick It Off](https://news.shib.io/2025/09/09/opensea-launches-1m-nft-reserve-buys-cryptopunk-to-kick-it-off/): OpenSea has launched a $1 million Flagship Collection to acquire culturally significant NFTs, starting with CryptoPunk #5273, aiming to celebrate digital art and establish itself as a curator in the evolving NFT space. - [Solana’s Aqua Vanishes in $4.65M Rug Pull After Influencer Hype](https://news.shib.io/2025/09/09/solanas-aqua-vanishes-in-4-65m-rug-pull-after-influencer-hype/): using the article i just gave you, please give me two tweets about the article, do not include the links, include emojis, give me a description for the article, make it appropriate for ig, youtube and tiktok, give me a description for the news article, make it appropriate for FB, Linkedin, and Threads (make it less than 450 characters including emojis), give me a spotify description as well, use emojis in all the descriptions - [Crypto Liquidity Explained: How Pools Work and Why They Matter](https://news.shib.io/2025/09/09/crypto-liquidity-explained-how-pools-work-and-why-they-matter/): Crypto liquidity is what keeps trading smooth and prices fair. It solves problems like slippage and volatility, while liquidity pools power DeFi, yield farming, and decentralized exchanges. Even if you never join a pool, liquidity still shapes every crypto user’s experience. - [Web4 Explained: A Vision for Practical, AI-Integrated Blockchain](https://news.shib.io/2025/09/09/web4-explained-a-vision-for-practical-ai-integrated-blockchain/): At Taipei Blockchain Week 2025, Anndy Lian unveiled Web4, a pragmatic vision for an AI-native, decentralized internet. Rejecting ideological purity, Lian emphasizes user-centric design, security, and financial incentives as the true drivers of adoption. - [Analysts See Shib Bullish Setup—Could This Trigger a 500% Surge?](https://news.shib.io/2025/09/09/analysts-see-shib-bullish-setup-could-this-trigger-a-500-surge/): Shiba Inu has broken a key resistance, sparking bullish calls from top analysts. Some now see a setup that could pave the way for a rally of up to 500%. - [Billions of Installs, One Compromise: NPM Hack Now Exposes Open Web’s Weak Spot](https://news.shib.io/2025/09/09/billions-of-installs-one-compromise-npm-hack-now-exposes-open-webs-weak-spot/): The JavaScript ecosystem was rocked by a supply chain attack that compromised widely used NPM packages, raising fresh concerns over the fragility of open-source infrastructure. - [Ex-Lawmaker: Korea Must List Won Stablecoins on Binance, Coinbase](https://news.shib.io/2025/09/08/ex-lawmaker-korea-must-list-won-stablecoins-on-binance-coinbase/): Lee Kwang-jae advocates for listing won-pegged stablecoins on global exchanges, expanding corporate involvement, and using the Korean won in digital payments to boost adoption and international reach. - [Hong Kong Prepares Limited Stablecoin Licenses Amid Rising Bank Interest](https://news.shib.io/2025/09/08/hong-kong-prepares-limited-stablecoin-licenses-amid-rising-bank-interest/): Hong Kong’s HKMA will issue a limited number of stablecoin licenses, with major banks expressing interest, while the phased rollout aims to boost compliance, market confidence, and opportunities for Shib holders. - [Trump Family Crypto Fortune Soars $1.3B After ABTC, WLFI Debuts](https://news.shib.io/2025/09/08/trump-family-crypto-fortune-soars-1-3b-after-abtc-wlfi-debuts/): The Trump family’s wealth jumped $1.3 billion after the trading debuts of ABTC and WLFI, with Eric Trump’s ABTC stake and WLFI gains driving the surge amid volatile markets. - [New US Crypto Bill Could Redefine DeFi Rules — What It Means for SHIB](https://news.shib.io/2025/09/08/new-us-crypto-bill-could-redefine-defi-rules-what-it-means-for-shib/): A new U.S. crypto bill seeks to define SEC and CFTC oversight, protect DeFi developers, clarify rules for staking and airdrops, and recognize DePIN tokens. - [Yes, You Can Buy a Car with Crypto — Here’s the Step-by-Step Playbook](https://news.shib.io/2025/09/08/yes-you-can-buy-a-car-with-crypto-heres-the-step-by-step-playbook/): Crypto is no longer just for trading, it can get you behind the wheel. From finding crypto-friendly dealerships to setting up wallets and handling payments, buying a car with crypto is now a real option. With the right preparation, digital coins can turn into luxury rides, Teslas, or timeless classics, as long as buyers plan carefully and shop smart. - [Venus Protocol Helps User Recover $13.5M in Phishing Attack](https://news.shib.io/2025/09/05/venus-protocol-helps-user-recover-13-5m-in-phishing-attack/): Venus Protocol swiftly recovered $13.5 million in crypto stolen from a user in a phishing attack, coordinating with security firms to secure funds and restore operations within 12 hours. The victim, Kuan Sun, publicly thanked the platform and its partners for their rapid response. - [Justin Sun’s $9M WLFI Wallet Blacklisted After Huge Transfer](https://news.shib.io/2025/09/05/justin-suns-9m-wlfi-wallet-blacklisted-after-huge-transfer/): Justin Sun’s WLFI wallet was blacklisted after transferring 50 million tokens to HTX, locking billions in liquidity and raising investor concerns. - [Japan FSA Report Proposes Stricter Crypto Rules: How Does It Impact SHIB?](https://news.shib.io/2025/09/05/japan-fsa-report-proposes-stricter-crypto-rules-how-does-it-impact-shib/): Japan’s Financial Services Agency has suggested shifting crypto oversight to the stricter Financial Instruments and Exchange Act, aiming to tighten regulations and enhance investor protections. - [Hackers Hide Malware in Ethereum Smart Contracts to Evade Scans](https://news.shib.io/2025/09/05/hackers-hide-malware-in-ethereum-smart-contracts-to-evade-scans/): ReversingLabs discovered two NPM packages that used Ethereum smart contracts to conceal malicious URLs, revealing a sophisticated new malware delivery method. - [5 Industries Being Disrupted by NFTs (It’s Not Just Art)](https://news.shib.io/2025/09/05/5-industries-being-disrupted-by-nfts-its-not-just-art/): NFTs are no longer just digital art. They enable ownership and interaction with digital and real-world assets, transforming gaming, music, sports, fashion, and how businesses engage with users. - [The Economic Engine](https://news.shib.io/2025/09/05/the-economic-engine/) - [Crypto and Fashion: Shop Clothing, Jewelry, and Luxury Designer Goods](https://news.shib.io/2025/09/04/crypto-and-fashion-shop-clothing-jewelry-and-luxury-designer-goods/): Crypto and fashion are transforming the way people shop, bringing digital currencies out of wallets and into the real world. From casual streetwear to fine jewelry and luxury designer pieces, shoppers can now use Bitcoin, Ethereum, and other cryptocurrencies to make secure, borderless purchases while embracing a modern, tech-savvy lifestyle. - [Polymarket Gets US Green Light as CFTC Eases Crypto Rules](https://news.shib.io/2025/09/04/polymarket-gets-us-green-light-as-cftc-eases-crypto-rules/): The CFTC has granted temporary regulatory relief to Polymarket-affiliated entities, allowing them to operate in the U.S. without immediately meeting certain reporting requirements. - [Pump.fun Overhauls Fees, Boosting Creator Earnings Over $2M in a Day](https://news.shib.io/2025/09/04/pump-fun-overhauls-fees-boosting-creator-earnings-over-2m-in-a-day/): Pump.fun, a Solana-based token launchpad, has overhauled its fee system with Project Ascend, generating over $2M in creator earnings in a single day. The new tiered model rewards smaller projects with higher fees per trade while scaling down for larger tokens, aiming to boost launches and engagement in Solana’s meme coin ecosystem. - [Ukraine Advances Crypto Legalization, What It Could Mean for SHIB](https://news.shib.io/2025/09/04/ukraine-advances-crypto-legalization-what-it-could-mean-for-shib/): Ukraine’s parliament approved the first reading of a bill to legalize and tax cryptocurrencies, aiming to provide regulatory clarity and boost digital asset adoption. - [Coinbase Aims for AI to Write Half Its Code by October, Doubling Output](https://news.shib.io/2025/09/04/coinbase-aims-for-ai-to-write-half-its-code-by-october-doubling-output/): Coinbase CEO Brian Armstrong aims to have AI generate more than half of the platform’s code by October, expanding the company’s use of AI in software development. - [Beyond the Howl: Courage and Shiba Inu Forge Partnership in Real Value, Not Just Hype](https://news.shib.io/2025/09/03/beyond-the-howl-courage-and-shiba-inu-forge-partnership-in-real-value-not-just-hype/): The Courage ($CCDOG) and Shiba Inu partnership delivers real value, not just hype. Through a massive community giveaway, an upcoming exclusive NFT airdrop, and a Metaverse event, this alliance is setting a new standard for bringing tangible rewards to the Shib Army. - [Crypto.com CEO Predicts Fed Rate Cut Could Boost Crypto Markets in Q4](https://news.shib.io/2025/09/03/crypto-com-ceo-predicts-fed-rate-cut-could-boost-crypto-markets-in-q4/): Crypto.com CEO Kris Marszalek predicts that a potential Federal Reserve rate cut this month could fuel a strong fourth-quarter rebound for the cryptocurrency market, boosting liquidity and investor activity. - [Andrew Tate Loses $67K on WLFI Token, Instantly Bets Again](https://news.shib.io/2025/09/03/andrew-tate-loses-67k-on-wlfi-token-instantly-bets-again/): Andrew Tate suffered a $65,000 loss on a leveraged WLFI trade but quickly reopened a position, contributing to nearly $700,000 in total trading losses. - [Venus Protocol User Loses $13.5M in Phishing Attack — SHIB Holders Alert](https://news.shib.io/2025/09/03/venus-protocol-user-loses-13-5m-in-phishing-attack-shib-holders-alert/): A Venus Protocol user lost $13.5 million in a phishing scam. The platform confirmed it wasn’t a smart contract flaw and paused operations to review security. - [SEC, CFTC Open Door for Spot Crypto](https://news.shib.io/2025/09/03/sec-and-cftc-open-door-for-wall-street-to-dive-into-spot-crypto/): The U.S. Securities and Exchange Commission’s (SEC) Division of Trading and Markets and the Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight and Division of Clearing and Risk have launched a joint initiative to streamline and coordinate the regulatory process for listing and trading specific spot crypto products. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Key points: In an official statement, the SEC and CFTC said the joint effort builds on the SEC’s Project Crypto and the CFTC’s Crypto Sprint. The initiative also reflects recommendations from President Donald Trump’s Working Group - [5 Ways Blockchain Could Impact Education in the Next Decade](https://news.shib.io/2025/09/03/5-ways-blockchain-could-impact-education-in-the-next-decade/): Blockchain is transforming education by securely storing records, certificates, and achievements, making learning verifiable, portable, and more efficient for students and educators. - [Shiba Inu Now on Folks Finance: First Memecoin with Cross-Chain Lending](https://news.shib.io/2025/09/02/shiba-inu-now-on-folks-finance-first-memecoin-with-cross-chain-lending/): 🎧 Listen to This Article Hit play below to hear the narrated version. Shiba Inu (SHIB) has broken new ground by entering the cross-chain decentralized finance (DeFi) arena through a listing on Folks Finance. The move allows SHIB to be used for lending and borrowing across multiple blockchains for the first time, a significant functional expansion for the popular token powered by Chainlink’s interoperability technology. The integration with the decentralized non-custodial protocol marks a pivotal step in the Shiba Inu ecosystem’s ongoing effort to build greater utility beyond its memecoin origins. By enabling SHIB to operate seamlessly on different networks, - [Trump Family’s WLFI Stake Hits $5B Amid Token Unlock and Buyback Plan](https://news.shib.io/2025/09/02/trump-familys-wlfi-stake-hits-5b-amid-token-unlock-and-buyback-plan/): President Trump and his family now hold over $5 billion in WLFI tokens after a major unlock, with World Liberty Financial proposing a buyback and burn plan to reduce supply and support long-term holders. - [Trump Administration Explores GREAT Trust Plan to Transform Gaza](https://news.shib.io/2025/09/02/trump-administration-explores-great-trust-plan-to-transform-gaza/): The Trump administration has reportedly developed the GREAT Trust, a postwar plan for Gaza that would use digital tokens and tokenized land to relocate and rehouse residents, while promoting economic projects and integrating the territory into regional trade initiatives like the India-Middle East–Europe Economic Corridor. - [Coinbase and OKX Bring Crypto to Australia’s Retirement System](https://news.shib.io/2025/09/02/coinbase-and-okx-bring-crypto-to-australias-retirement-system/): Coinbase and OKX are rolling out services for Australia’s self-managed super funds, making it easier for retirees to invest in digital assets. - [El Salvador Splits $694M Bitcoin Across Wallets to Beat Quantum Risk](https://news.shib.io/2025/09/02/el-salvador-splits-694m-bitcoin-across-wallets-to-beat-quantum-risk/): El Salvador split its 6,274 BTC reserve across 14 wallets to enhance security, reduce risk, and safeguard long-term custody of the national Bitcoin holdings. - [Public by Default or Private by Design? Rethinking Blockchain Transparency](https://news.shib.io/2025/09/02/public-by-default-or-private-by-design-rethinking-blockchain-transparency/): Blockchain transparency lets everyone see your transactions, building trust and accountability. While this openness reduces fraud, it also exposes personal financial habits, raising privacy and ethical questions. Tools like zero-knowledge proofs and privacy coins help balance transparency with security. - [Lian Warns Against Hasty Bitcoin Adoption, Urges Foundational Policymaking](https://news.shib.io/2025/09/01/lian-warns-against-hasty-bitcoin-adoption-urges-foundational-policymaking/): At Bitcoin Conference Asia 2025, intergovernmental blockchain advisor Anndy Lian urged governments to slow their Bitcoin adoption rush, warning that building massive reserves without policy groundwork is like “building on sand.” He called for global regulatory standards, deeper understanding of DeFi, and international cooperation to prevent the crypto economy from derailing. - [Convano Sets $3B Bitcoin Target: What It Means for SHIB Holders](https://news.shib.io/2025/09/01/convano-sets-3b-bitcoin-target-what-it-means-for-shib-holders/): Tokyo-listed Convano Inc. aims to raise $3 billion to acquire 21,000 Bitcoin, following a phased plan inspired by Michael Saylor’s strategy. The move spotlights growing institutional interest in crypto, and for SHIB holders, it could signal increased market confidence and liquidity for alternative tokens. - [Crypto Tokens Crash: 1.8M Fail in Early 2025 Alone](https://news.shib.io/2025/05/02/crypto-tokens-crash-1-8m-fail-in-early-2025-alone/): Nearly one in four crypto tokens launched since 2021 have failed in the first quarter of 2025 alone, as a market downturn and easier token creation fuel the surge in collapses. An analysis by CoinGecko reveals that more than 50% of all cryptocurrencies have failed. Out of nearly 7 million tokens listed on its GeckoTerminal since 2021, 3.7 million are no longer trading and are deemed failures. The analysis noted that most of the 52.7% of failed crypto tokens on GeckoTerminal took place in 2024 and early 2025. In the first quarter of 2025 alone, 1.8 million tokens collapsed, accounting - [SHIB Pay Brings Secure, Self-Custodial Crypto Payments to All](https://news.shib.io/2025/05/02/shib-pay-brings-secure-self-custodial-crypto-payments-to-all/): We’re living in a time when the way we pay for things is changing faster than ever. Enter decentralized payments — a world where banks and middlemen are no longer the go-to for every transaction. Think about it: what if you could send money or pay for goods without relying on any traditional financial institutions? This is exactly what decentralized finance (DeFi) and services like SHIB Pay are all about. At its core, SHIB Pay is tapping into the power of blockchain technology to offer a permissionless, secure, and super-slick way to handle payments. No need for banks or any - [Shibarium Builder Spotlight Highlights WoofSwap on Shibarium](https://news.shib.io/2025/05/01/shibarium-builder-spotlight-highlights-woofswap-on-shibarium/): This week, the Shibarium Builder Spotlight beams down on WoofSwap, a rising decentralized exchange that’s not just riding the meme wave but attempting to rewrite the DeFi playbook from inside Shiba Inu’s layer-2 ecosystem. The project aims to provide “a powerful and efficient platform for DeFi liquidity.” Launched by a team with one of the developers identifying publicly as “Jim,” WoofSwap seeks to address common issues like “high transaction costs and scalability issues,” offering users a more “cost-efficient and user-friendly platform.” By building on Shibarium, WoofSwap leverages the layer-2 solution’s faster transaction speeds and significantly lower fees. Shibarium Builder Spotlight: - [Shiba Inu Price Eyes 26% Surge as Chart Pattern Signals Breakout](https://news.shib.io/2025/05/01/shiba-inu-price-eyes-26-surge-as-chart-pattern-signals-breakout/): The action of Shiba Inu price action is stirring the charts, with a crypto analyst pointing to a bullish breakout that could catapult the token 26% higher — if the wedge pattern plays out. Analyst Eyes Shiba Inu Price Pattern The forecast originates from a crypto trader known online as SHIB KNIGHT. Posting on X (formerly Twitter), the analyst shared the Shiba Inu price chart against the stablecoin Tether (USDT). The chart highlighted a specific technical formation known as a “falling wedge.” This pattern occurs when an asset’s price bounces between two downward-sloping trend lines that are gradually converging. Some - [Ripple Eyes Takeover of Stablecoin Giant Circle](https://news.shib.io/2025/05/01/ripple-eyes-takeover-of-stablecoin-giant-circle/): Ripple, the digital payments firm best known for its XRP token, has reportedly quietly set its sights on one of the most influential companies in crypto: Circle, the issuer of the $60 billion USDC stablecoin.  In recent weeks, Ripple approached Circle with an acquisition offer valued between $4 billion and $5 billion, a recent report from Bloomberg revealed. The bid was rebuffed. But the approach signals Ripple’s deepening ambition to expand its footprint in the fast-evolving stablecoin market — and possibly reshape it in the process. Circle Charts Its Own Course For now, Circle seems determined to forge its own - [Trump Admin Eyes Overhaul of Biden-Era Rules on U.S.-Made AI Chips](https://news.shib.io/2025/04/30/trump-admin-eyes-overhaul-of-biden-era-rules-on-u-s-made-ai-chips/): The Trump administration has reportedly begun revising a Biden-era policy that restricts global access to U.S.-made AI chips, including potentially eliminating the current tiered system used to determine how many advanced semiconductors each country can obtain. According to a report by Reuters, sources familiar with the matter have shared that the proposed changes are still being debated and may be revised. However, if implemented, they could eliminate the tiered framework, potentially allowing U.S.-made AI chips to serve as a more influential tool in international trade negotiations. The U.S. Department of Commerce issued the Framework for Artificial Intelligence Diffusion in January, - [DOJ Seeks 20-Year Prison Term for Celsius Founder Alex Mashinsky](https://news.shib.io/2025/04/30/doj-seeks-20-year-prison-term-for-celsius-founder-alex-mashinsky/): The U.S. Department of Justice (DOJ) has pushed for a 20-year prison sentence for Alex Mashinsky, the ex-CEO of the collapsed crypto platform Celsius, over his involvement in a massive fraud scheme. In an April 28 sentencing memorandum, the U.S. government recommended the 20-year prison sentence for Mashinsky, citing his fraudulent actions that resulted in Celsius users losing access to approximately $4.7 billion in crypto assets. The platform had halted withdrawals on June 12, 2022, as part of its collapse, and Mashinsky’s role in the scheme has been blamed for the financial hardship suffered by users. In addition to the - [FTX Sues NFT Firms Over Missing Tokens in $1.3M Asset Dispute](https://news.shib.io/2025/04/30/ftx-sues-nft-firms-over-missing-tokens-in-1-3m-asset-dispute/): FTX, the collapsed cryptocurrency exchange, has revealed plans to sue NFT Stars Limited and Kurosemi Inc. over claims they failed to deliver tokens as part of a deal involving Delysium, warning that more legal actions could follow. In a statement issued on April 28, FTX said it is reaching out to multiple token and coin issuers over outstanding digital assets tied to the exchange and plans to file further lawsuits against those who fail to respond. The company urged involved parties to engage cooperatively to avoid legal action. The lawsuit accuses both companies of allegedly violating their investment contracts by - [UK Unveils Crypto Legislation, Joins US on Innovation Sandbox](https://news.shib.io/2025/04/30/uk-unveils-crypto-legislation-joins-us-on-innovation-sandbox/): UK Chancellor Rachel Reeves has unveiled draft crypto legislation aimed at regulating cryptoassets, seeking to enhance consumer protections and bolster investor confidence in the rapidly growing digital asset sector.​ The draft crypto legislation, revealed by Reeves at a major summit in London during UK Fintech Week, responds to the rising levels of cryptocurrency ownership in the UK and the increasing risks posed by scams and bad actors. “Firms offering services for cryptoassets like Bitcoin and Ethereum will be subject to new, clear rules, boosting investor confidence and driving growth through the Plan for Change,” the HM Treasury stated in an - [How DAOs Are Shaping Web3: The Rise of Decentralized Autonomous Organizations](https://news.shib.io/2025/04/30/how-daos-are-shaping-web3-the-rise-of-decentralized-autonomous-organizations/): In the traditional world, we’re all used to the same old setup: companies have bosses, governments have elected officials, and decisions get made by a few people at the top. But what if you didn’t need a boss or a central authority to make decisions? What if everyone had an equal say? Enter Decentralized Autonomous Organizations (DAOs), the new kids on the block that are flipping the script on how things get done. DAOs are changing the game by letting communities and users make decisions together, without needing middlemen. They operate through blockchain technology, ensuring that everything is transparent, secure, - [Monero Price Spikes 50% After Suspected $330M Bitcoin Theft](https://news.shib.io/2025/04/29/monero-price-spikes-50-after-suspected-330m-bitcoin-theft/): On-chain researcher ZachXBT has raised alarms over a suspicious transfer of 3,520 Bitcoin, worth roughly $330.7 million, which caused a spike in the price of Monero, suggesting it may be linked to a major theft. In a post shared on X on April 28, the on-chain analyst reported that the Bitcoin was transferred from what appears to be a compromised wallet to the address beginning with “bc1qcry” and ending in “vz55g.” ZachXBT also pointed out that the stolen Bitcoin was funneled through more than six instant exchange platforms before being converted into Monero (XMR), a privacy-centric cryptocurrency. The large-scale swap - [Bitget Targets Eight Traders Over $20M VOXEL Futures Manipulation](https://news.shib.io/2025/04/29/bitget-targets-eight-traders-over-20m-voxel-futures-manipulation/): Crypto exchange Bitget has announced it is taking legal action and sending formal letters to eight users it alleges have manipulated the VOXEL token perpetual futures prices. In a post on X, Bitget’s head of Chinese operations, Xie Jiayin, announced that the exchange has begun issuing legal notices to eight users accused of manipulating trades and collectively profiting $20 million during the VOXEL futures incident on April 20. “Except for these 8 accounts, all other users who participated in VOXEL trading between 16:00-16:30 on April 20 and have withdrawn funds do not need to worry! The accounts have been restored - [Ethereum Foundation Revamps Leadership to Boost Ecosystem](https://news.shib.io/2025/04/29/ethereum-foundation-revamps-leadership-to-boost-ecosystem/): In an effort to bolster its leadership amid Ether’s recent price decline, the Ethereum Foundation has outlined clearer distinctions between its board and management roles, aiming to strengthen the organization’s strategic direction and operational focus. Per an April 28 blog post, the foundation, the key organization supporting Ethereum’s development, revamped its leadership framework by clearly dividing duties between its executive team and board of directors. The restructuring is designed to streamline operations and reinforce long-term governance as the network evolves. Under the new structure, the management team will concentrate on executing the strategic and operational goals outlined by the board, - [Tornado Cash Wins Legal Battle, Judge Blocks Treasury from Reimposing Sanctions](https://news.shib.io/2025/04/29/tornado-cash-wins-legal-battle-judge-blocks-treasury-from-reimposing-sanctions/): U.S. District Judge Robert Pitman of the Western District of Texas has sided with Tornado Cash, a widely used crypto mixer, against the Office of Foreign Assets Control (OFAC. The court’s decision now legally bars OFAC from reinstating the original sanctions. Coinbase Chief Legal Officer Paul Grewal shared excerpts of the court decision on X, confirming that OFAC is now legally barred from reimposing its original sanctions.  “Congratulations to the brave plaintiffs who had the courage to stand up to their own government for their rights under law.  We celebrate so much vapid nonsense in our culture; these are the - [Why Blockchain Is the Future of Data Security and Privacy](https://news.shib.io/2025/04/29/why-blockchain-is-the-future-of-data-security-and-privacy/): In today’s digital age, it seems like everyone has experienced some form of a data breach, whether it’s your email getting hacked, your credit card information stolen, or even your social media profile being compromised. It’s a constant reminder of how fragile our personal data really is, and how easily it can slip into the wrong hands. The truth is, data security and privacy are more critical than ever before — and traditional systems are just not cutting it anymore. Now, picture this: a technology so secure, transparent, and user-controlled that it could help prevent these digital nightmares. Enter blockchain - [Shiba Inu Price Eyes $0.00003000 Resistance Amid Bitcoin Surge](https://news.shib.io/2025/04/28/shiba-inu-price-eyes-0-00003000-resistance-amid-bitcoin-surge/): The Shiba Inu price is poised to test a critical resistance level near $0.00003000, driven by Bitcoin’s potential strength in the market. As Bitcoin shows signs of upward momentum, an analyst predicts that SHIB could rally toward this key mark, signaling a possible turning point. Analyst Charts Potential Path for Shiba Inu Price This optimistic outlook comes from a technical analysis shared on the platform X by market watcher StrongHedge. The forecast hinges significantly on Bitcoin, the crypto market’s leader, continuing its own upward push.  “Running with $BTC leg up – expecting a LH into 3000 tops,” the analyst wrote, - [ProShares XRP Futures ETFs Set for April 30 Debut, SEC Approves](https://news.shib.io/2025/04/28/proshares-xrp-futures-etfs-set-for-april-30-debut-sec-approves/): The U.S. Securities and Exchange Commission (SEC) has given the green light to ProShares Trust, a major financial services firm, to launch three exchange-traded funds (ETFs) based on XRP futures. This approval marks a significant milestone for XRP investors, offering a new way to gain exposure to the cryptocurrency’s price movements without directly owning the asset. A recent filing reveals that the Ultra XRP ETF, Short XRP ETF, and Ultra Short XRP ETF are set to launch on April 30. These funds will become the second, third, and fourth XRP-focused ETFs to debut in the United States. It’s essential to - [150 Billion Stolen Shiba Inu Tokens from Bitrue Hack Swapped, Laundered](https://news.shib.io/2025/04/28/150-billion-stolen-shiba-inu-tokens-from-bitrue-hack-swapped-laundered/): 150 billion stolen Shiba Inu tokens from the Bitrue hack are being swapped and laundered, as malicious actors move the assets through Tornado Cash to obscure their trail. Details Emerge on Stolen Shiba Inu Tokens Conversion Blockchain security firm PeckShield recently alerted the crypto community to significant movements from wallet addresses associated with the 2023 Bitrue exchange exploit. On-chain data revealed the malicious actors swapped a massive 150 billion Shiba Inu tokens (SHIB), along with approximately 756 million Holo (HOT) tokens. These assets were converted into roughly 1,500 Ether (ETH). Following the swap, the exploiters quickly moved to obscure the - [Investors Sue Nike for $5M Over Alleged RTFKT NFT Project Abandonment](https://news.shib.io/2025/04/28/investors-sue-nike-for-5m-over-alleged-rtfkt-nft-project-abandonment/): A group of investors has filed a class action lawsuit against Nike, claiming that the athletic wear company caused significant financial losses by shutting down its Web3-focused subsidiary, RTFKT, and eliminating millions of dollars in investments. Court documents reveal that Nike allegedly “rug pulled” the community by shutting down RTFKT, severing demand for its associated digital assets. The plaintiffs argue that Nike leveraged its brand strength and marketing expertise to promote what they describe as unregistered securities, only to abruptly abandon the project. The lawsuit also claims that Nike took advantage of the cryptocurrency surge to boost sales of non-fungible - [Trump Meme Coin Dinner Fuels Call for Impeachment](https://news.shib.io/2025/04/28/trump-meme-coin-dinner-fuels-call-for-impeachment/): Georgia U.S. Senator Jon Ossoff has voiced his backing for President Donald Trump’s impeachment, pointing to a controversial event involving a private dinner with top holders of the TRUMP meme coin. According to NBC News, during a town hall meeting in Georgia on April 25, Senator Ossoff condemned President Trump, accusing him of “selling access” to the presidency. “I mean, I saw just 48 hours ago, he is granting audiences to people who buy his meme coin,” Ossoff stated. “When the sitting president of the United States is selling access for what are effectively payments directly to him. There is - [Lazarus Group Behind Fake US Firms Targeting Crypto Workers - Report](https://news.shib.io/2025/04/28/lazarus-group-behind-fake-us-firms-targeting-crypto-workers-report/): The Lazarus Group has reportedly launched two U.S.-based businesses in violation of Treasury sanctions, using them to spread malware to crypto developers. Cybersecurity researchers and documents reviewed by Reuters reveal that Blocknovas LLC and Softglide LLC — two businesses tied to the North Korea-linked cyber hacking group — were established in New York and New Mexico using fake identities and addresses. A third company, Angeloper Agency, is also connected to the operation, although it does not appear to be officially registered in the United States. “This is a rare example of North Korean hackers actually managing to set up legal - [The Ethics of Blockchain: Balancing Privacy, Transparency and Security](https://news.shib.io/2025/04/28/the-ethics-of-blockchain-balancing-privacy-transparency-and-security/): When blockchain first burst onto the scene, it sounded like something straight out of a sci-fi novel — digital money, unstoppable code, records no one could erase. A revolution was promised, and to be fair, it’s delivered in a lot of ways. But with every flashy innovation comes a very real question: what about the ethics of blockchain? At its core, the ethics conversation isn’t just about whether blockchain is “good” or “bad.” It’s about three big ideas that tug at each other like kids on a playground: privacy (who gets to keep secrets), transparency (who has to share their - [Crypto Rules Relaxed: Fed Clears Banks to Enter the Game](https://news.shib.io/2025/04/25/crypto-rules-relaxed-fed-clears-banks-to-enter-the-game/): The U.S. Federal Reserve has announced the withdrawal of its guidance that discouraged banks from engaging in crypto and stablecoin activities, signaling a shift in crypto rules. This change could pave the way for more traditional financial institutions to explore opportunities in the digital asset space. In a statement issued on April 24, the Federal Reserve’s Board of Governors announced that it is reversing its 2022 supervisory letter, which required state member banks to notify the Fed in advance of any planned or ongoing crypto-asset activities. This move marks a shift in the Fed’s approach to overseeing banks involved in - [Shaquille O’Neal Settles FTX Lawsuit After Months of Evasion](https://news.shib.io/2025/04/25/shaquille-oneal-settles-ftx-lawsuit-after-months-of-evasion/): Shaquille O’Neal, the retired NBA star, has reached a settlement with investors who allege financial losses from the collapse of crypto exchange FTX, as part of a larger $21 billion lawsuit targeting celebrity endorsers of the platform. A filing on April 23 in the U.S. District Court for the Southern District of Florida revealed that the details of the settlement will be made public once investors formally request preliminary court approval. The specific settlement amount remains undisclosed. The legal proceedings involving the NBA star are part of a broader multidistrict litigation, with investors seeking up to $21 billion in damages - [Russia Plans Crypto Exchange for Wealthy Investors in Trial Program](https://news.shib.io/2025/04/25/russia-plans-crypto-exchange-for-wealthy-investors-in-trial-program/): Russia’s Finance Ministry and Central Bank have announced plans to launch a crypto exchange aimed at qualified investors, operating under an experimental legal framework. According to local reports, Finance Minister Anton Siluanov said during an expanded ministry board meeting that the launch of the crypto exchange will “legalize crypto assets and bring crypto operations out of the shadows.”  “Naturally, this will not happen domestically, but as part of the operations permitted under the experimental legal regime,” Siluanov added.  In March, the Central Bank announced that it had put forward a proposal to the government to permit cryptocurrency transactions under the - [Trump Floats Major Tariff Cuts, But Beijing Isn’t Buying It](https://news.shib.io/2025/04/25/trump-floats-major-tariff-cuts-but-beijing-isnt-buying-it/): President Donald Trump has suggested he might ease tariffs on Chinese imports, signaling a potential shift in the ongoing trade standoff. But the move has reportedly been met with skepticism in Beijing, where officials have dismissed the gesture — and online commentators have mocked the planned tariff cuts as a sign of retreat. President Trump signaled a softer approach to U.S.-China trade negotiations on Tuesday, telling reporters in the Oval Office that tariffs on Chinese imports could be significantly reduced. He also pledged a more conciliatory tone in upcoming talks, saying he planned to be “very nice” in contrast to - [WOOF Wars: Farming 2.0 Unleashes Strategic Yield and Governance](https://news.shib.io/2025/04/25/woof-wars-farming-2-0-unleashes-strategic-yield-and-governance/): Welcome to the world of yield farming—where strategy meets rewards and every decision can stack your crypto gains. Now imagine that world with a twist of community power and a dash of competition. That’s WOOF Wars, a next-gen farming experience launched by the Shiba Inu ecosystem that turns liquidity farming into a strategic game powered by the community. At the heart of it all is something called veTREAT—a special form of voting power you get by locking up your $TREAT tokens. With veTREAT in paw (or hand), Shibizens get to vote on which trading pairs should earn the biggest rewards. - [Shiba Inu Builds](https://news.shib.io/2025/04/24/shiba-inu-builds/): Read the latest edition of The Shib Magazine here. - [Crypto Scams: How to Identify and Avoid Them](https://news.shib.io/2025/04/24/crypto-scams-how-to-identify-and-avoid-them/): Crypto can be exciting—but where there’s hype, there are hustlers. You’ve probably heard the stories: someone flips a few hundred bucks into a fortune overnight. Tempting, right? That’s the magic—and the trap. As digital currencies like Bitcoin and Ethereum have taken off, they’ve opened the floodgates not just to new possibilities, but also to a wave of crypto scams designed to take advantage of that same excitement. Unlike traditional finance, the crypto world doesn’t have the same safety nets. There’s no 1-800 hotline if your coins go missing. No friendly neighborhood banker to undo a shady transaction. That’s part of - [DAOs: The Future of Governance in a Decentralized World](https://news.shib.io/2025/04/24/daos-the-future-of-governance-in-a-decentralized-world/): We’re all used to the old-school way of governance—whether in corporations, governments, or nonprofits, where a few people at the top hold the reins. But what if there was a new way? A way where everyone has a voice? Enter DAOs (Decentralized Autonomous Organizations). Imagine a world where decision-making isn’t controlled by a handful of people but is spread out across a whole community, all thanks to the power of blockchain. That’s what DAOs are bringing to the table: a system where every member can help shape the future by voting on decisions, suggesting ideas, and actually having a say - [How Web3 Is Redefining Data Ownership for Everyday Users](https://news.shib.io/2025/04/24/how-web3-is-redefining-data-ownership-for-everyday-users/): Data ownership might sound like a buzzword, but it’s quickly becoming one of the most important issues of our digital lives. Think about it: every time you use a social app, shop online, or stream music, you’re handing over bits and pieces of yourself—your preferences, behaviors, even your location. Most of us scroll through terms and conditions like it’s a race just to hit “accept.” Meanwhile, companies scoop up that data, turn it into profit, and leave us with… well, ads that follow us around the internet. It’s no wonder people are getting a little suspicious—and a lot more curious—about - [Unlocking Financial Inclusion Through Blockchain Innovation](https://news.shib.io/2025/04/24/unlocking-financial-inclusion-through-blockchain-innovation/): Imagine trying to book a ride, get paid for a gig, or even buy a coffee—but without a bank account. Sounds impossible, right? For over a billion people around the world, that’s everyday life. No access to banks, no credit history, no safety net. That’s where financial inclusion steps in—it’s about opening the doors to the financial system so everyone can join, no matter their income, location, or background. Think savings, loans, payments, insurance—the full money toolkit. It’s not just about convenience; it’s about giving people the tools to grow, protect, and take control of their finances. And thanks to - [Crypto 101 for Teens: How to Get Started with Bitcoin and Ethereum](https://news.shib.io/2025/04/24/crypto-101-for-teens-how-to-get-started-with-bitcoin-and-ethereum/): So your favorite YouTuber just bought a digital sneaker for more than your entire gaming setup—and they paid in crypto. Or maybe your friend won’t stop talking about “staking ETH” like it’s some kind of fantasy game move. Whatever the case, you’ve probably heard about Bitcoin and Ethereum and thought… what is this stuff? Welcome to Crypto 101 for Teens, your no-stress, hype-free guide to figuring out what crypto is, how it works, and how you can start learning about it without needing a degree in rocket science (or finance). This article breaks everything down in plain language—no confusing jargon, - [Crypto ETFs 'Made in America': Trump Family Reveals Bold Plans](https://news.shib.io/2025/04/23/crypto-etfs-made-in-america-trump-family-reveals-bold-plans/): Trump Media and Technology Group (TMTG), the media venture founded by President Donald Trump, has finalized a binding partnership with Crypto.com and Yorkville America Digital to launch a series of crypto ETFs and other exchange-traded products (ETPs) through its Truth.Fi financial brand. In an April 22 press release, Trump Media and its partners announced that the binding agreement builds on a preliminary deal reached in March. The firms have enlisted Davis Polk & Wardwell LLP to provide legal counsel as they move forward with developing and launching the upcoming exchange-traded funds (ETFs). The upcoming crypto ETFs will be offered through - [Judge Ships Binance Crypto Theft Case to Florida in Bid to Speed Things Up](https://news.shib.io/2025/04/23/judge-ships-binance-crypto-theft-case-to-florida-in-bid-to-speed-things-up/): U.S. District Judge Barbara Rothstein has approved a motion by Binance to transfer a money laundering lawsuit from Washington to the Southern District of Florida, where a related case is already pending. The lawsuit brought against Binance in Washington in August 2024 centers on allegations nearly identical to those outlined in a separate case filed in Florida in June 2023. Both suits accuse the cryptocurrency exchange of enabling cybercriminals to launder illicit funds through its platform. Judge Rothstein cited the “first-to-file” rule as the basis for her decision, aiming to prevent duplicative litigation. She added that despite differences in how - [XRP Ledger Fixes Security Flaw in Popular Developer Tool](https://news.shib.io/2025/04/23/xrp-ledger-fixes-security-flaw-in-popular-developer-tool/): The XRP Ledger Foundation has disclosed a major security flaw in the official JavaScript library used to interact with the XRP Ledger blockchain, prompting a swift software update to patch the issue. Blockchain security firm Aikido revealed in an April 22 blog post that the open-source JavaScript library used to interact with the XRP Ledger had been infiltrated. According to the post, “sophisticated attackers” managed to implant a backdoor designed to “steal cryptocurrency private keys and gain access to cryptocurrency wallets.” “This package is used by hundreds of thousands of applications and websites making it a potentially catastrophic supply chain - [Trump Teases Tariff Rollback After Talks With Xi](https://news.shib.io/2025/04/23/trump-teases-tariff-rollback-after-talks-with-xi/): President Donald Trump has expressed optimism about a potential trade deal with Beijing, announcing that a significant tariff rollback may happen soon following negotiations with Chinese President Xi Jinping. In the Oval Office after a brief swearing-in ceremony for U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins, President Trump shared his thoughts on the ongoing trade talks with China. He described the negotiations as “doing fine,” noting that “everybody wants to have involvement” in American markets. President Trump emphasized that both he and Chinese officials would approach future discussions in a “very nice” manner. However, he remained firm in - [Decentralized Finance (DeFi): The Future of Finance?](https://news.shib.io/2025/04/23/decentralized-finance-defi-the-future-of-finance/): Decentralized finance — better known as DeFi — is what happens when you take all the things banks usually do (like lending money, earning interest, trading assets) and rebuild them on the internet without the banks. No branches. No bankers. No “sorry, we’re closed.” Just code, crypto, and around-the-clock access to your own financial playground. Think of DeFi as a global money system run by smart contracts instead of suits and spreadsheets. These contracts are like little robots on the blockchain that do what you tell them to—no waiting, no approvals, no nonsense. Want to lend your crypto and earn - [Saying “Please” to ChatGPT Adds Millions to OpenAI Costs](https://news.shib.io/2025/04/22/saying-please-to-chatgpt-adds-millions-to-openai-costs/): OpenAI CEO Sam Altman has revealed that polite interactions with ChatGPT — specifically messages containing “please” and “thank you” — have contributed to a surprising expense for the AI firm. In a recent exchange on X, Altman responded to a user wondering how much the company has spent as a result of users typing “please” and “thank you” in their interactions with its AI models. Altman acknowledged the unexpected cost, estimating it at “tens of millions of dollars”—but added that it was “well spent,” suggesting that the display of politeness reflects a broader positive trend in how people engage with - [Telegram May Exit EU Markets Over Encryption Backdoor Demands](https://news.shib.io/2025/04/22/telegram-may-exit-eu-markets-over-encryption-backdoor-demands/): Telegram CEO Pavel Durov has raised alarms over growing threats to private messaging in France and the EU, stating the platform would rather exit these markets than compromise user privacy with encryption backdoors. On April 21, Durov shared a message on his Telegram channel, “Du Rove’s Channel,” addressing the European Union’s escalating attempts to undermine messaging encryption. He criticized proposals to introduce backdoors, which would enable authorities to bypass encryption and gain access to private user data.  “Last month, France nearly banned encryption. A law requiring messaging apps to implement a backdoor for police access to private messages was passed - [Shibarium Dev Spotlight Highlights Hachi's Cross-Chain Expansion](https://news.shib.io/2025/04/22/shibarium-dev-spotlight-highlights-hachis-cross-chain-expansion/): Loyalty takes the main stage as the Shibarium Dev Spotlight initiative illuminates Hachi Token’s bold expansion, showcasing how this Ethereum-born project now bridges its Hachiko-inspired mission directly onto the Shibarium network. Hachi Token Profiled in Shibarium Dev Spotlight Featured in the Shibarium Dev Spotlight, Hachi Token (HACHI) details its core identity. “Hachi Token is a cryptocurrency project inspired by the story of Hachiko, the loyal Japanese dog symbolizing dedication and resilience,” the team shared. Launched initially on Ethereum nearly three years ago, the project “aims to build a community-driven ecosystem centered on loyalty and consistency.” Led by the pseudonymous Kobayashi - [Bone Price Shows Positive Momentum Amid Strong Community Backing](https://news.shib.io/2025/04/22/bone-price-shows-positive-momentum-amid-strong-community-backing/): The Bone price jumped nearly 12% over the past week, fueled by rising trade volumes and strong community optimism, even as the technical chart suggests its momentum is still building, not yet reaching a fever pitch. Bone Price Climbs: Latest Data Update As of 4:02 a.m. ET on Tuesday, the Bone price registered at $0.2765, according to CoinMarketCap data. This marks a significant 13.11% increase over the preceding seven days.  Underscoring this positive momentum, the 24-hour trading volume hit $5.16 million, representing a 24.54% surge compared to the same period last week, suggesting heightened trader interest accompanies the price climb. - [SEC to Review 70+ Crypto ETFs in 2025 Under New Leadership](https://news.shib.io/2025/04/22/sec-to-review-70-crypto-etfs-in-2025-under-new-leadership/): The U.S. Securities and Exchange Commission (SEC) is set to review more than 70 crypto ETFs in 2025, with proposals spanning altcoins, meme coins, indexes, and derivatives—signaling a potential turning point in how digital assets are packaged for mainstream investors.  Senior Bloomberg ETF analyst Eric Balchunas noted that the lineup of proposed crypto ETFs under review by the SEC features a wide spectrum of assets, including everything from altcoins and meme coins to more complex derivative instruments. “Everything from XRP, Litecoin and Solana to Penguins, Doge and 2x Melania and everything in between. Gonna be a wild year,” Balchunas wrote - [M3M3 Token Investors Sue Over Alleged $69M Fraud](https://news.shib.io/2025/04/22/m3m3-token-investors-sue-over-alleged-69m-fraud/): Investors have filed a class-action lawsuit against the decentralized finance (DeFi) protocol Meteora, alleging manipulation of the M3M3 token launch and market price. In a newly amended complaint filed on April 21 in the U.S. District Court for the Southern District of New York, investors allege that Meteora, along with venture capital firm Kelsier Labs and four current or former executives, intentionally misrepresented key details surrounding the launch of the M3M3 token in December 2024. The plaintiffs claim these actions were part of an effort to “illicitly enrich themselves.” Investors claimed to have lost at least $69 million between December - [Inside Super HUB FUN: Shiba Inu’s Social Playground Levels Up](https://news.shib.io/2025/04/22/inside-super-hub-fun-shiba-inus-social-playground-levels-up/): In the world of the Shiba Inu network state, things move fast — and they move together. That’s where Super HUB FUN comes in. It’s not just a cool name (though, let’s admit, it is pretty fun); it’s the all-in-one social and discovery platform that connects every corner of the ecosystem. So, what is Super HUB FUN? It’s the central hangout where Shibizens can explore hubs, discover new decentralized apps (dApps), connect with communities, support businesses, and stake on projects they believe in. It’s part social network, part marketplace, part gateway to the wild, wonderful world of Shiba Inu. Why - [Shiba Inu Chart Hints at Reversal as Whale Transactions Surge](https://news.shib.io/2025/04/22/shiba-inu-chart-hints-at-reversal-as-whale-transactions-surge/): A pattern suggesting a potential price reversal is taking shape on the Shiba Inu chart, catching analysts’ attention just as on-chain data reveals a dramatic spike in large transactions. The timing has observers speculating that major holders, or “whales,” may be positioning themselves, hinting at renewed interest in the meme coin’s next move. Potential Reversal Pattern Emerges on Shiba Inu Chart Technical analysts are eyeing a specific formation on the daily price chart for Shiba Inu (SHIB), particularly as depicted in analysis published on TradingView by the user @CryptoWizard101 on Monday. The chart appears to show the cryptocurrency carving out - [UK Gang Created Meme Coin in Crypto Money Laundering Plot](https://news.shib.io/2025/04/22/uk-gang-created-meme-coin-in-crypto-money-laundering-plot/): In a new twist on financial crime, a British drug gang has reportedly minted its own digital currency. The goal isn’t internet fame for their meme coin, a crime expert warns, but pioneering a brazen new method of crypto money laundering. Expert Flags Novel “Meme Coin” Scheme This unusual venture was brought to light by Gary Carroll, a specialist in drug crime analysis with years of policing experience. He learned of the active scheme through his contacts, though he couldn’t name the gang or the specific coin to protect those sources. Carroll, an expert witness who has studied the methods - [Bybit Tracks $1B+ in Stolen Crypto From Lazarus Group Hack](https://news.shib.io/2025/04/21/bybit-tracks-1b-in-stolen-crypto-from-lazarus-group-hack/): Bybit CEO Ben Zhou has revealed that more than two-thirds of the $1.4 billion stolen in a February cyberattack have remained traceable, as the exchange ramps up efforts to recover the funds. In an update on X, Zhou informed the community that nearly 70% of the stolen funds “remain traceable.” He revealed that 27.6% of the funds have disappeared from view, while 3.8% have been frozen. The untraceable portion of the stolen assets largely passed through mixers before moving to peer-to-peer (P2P) and over-the-counter (OTC) platforms via cross-chain bridges. “Recently, we have observed that the mixer mainly used by the - [MicroStrategy Expands Bitcoin Holdings as Institutional Interest Grows](https://news.shib.io/2025/04/21/microstrategy-expands-bitcoin-holdings-as-institutional-interest-grows/): MicroStrategy co-founder Michael Saylor has signaled that the company may soon increase its massive Bitcoin holdings. This is while revealing that over 13,000 institutions now have direct exposure to its stock, further cementing the firm’s position as a gateway between traditional finance and the crypto market. MicroStrategy expanded its Bitcoin holdings on April 14 with the purchase of 3,459 BTC, worth more than $285 million at the time. The acquisition pushed the company’s total holdings to 531,644 BTC—now valued at over $44.9 billion. Saylor, known for signaling upcoming Bitcoin buys with his Sunday BTC chart posts, later shared a detailed - [Buterin Proposes RISC-V to Boost Ethereum Efficiency](https://news.shib.io/2025/04/21/buterin-proposes-risc-v-to-boost-ethereum-efficiency/): Ethereum co-founder Vitalik Buterin is reportedly floating the idea of swapping out the Ethereum Virtual Machine’s (EMV) current contract language for RISC-V. The goal is to boost execution speed and efficiency as the network seeks to better compete with high-performance smart contract platforms.  Buterin outlined several long-term hurdles the network must address to scale effectively. Among them: developing reliable data availability sampling, keeping block production decentralized and competitive, and advancing zero-knowledge proof systems for the EVM. The Ethereum co-founder believes adopting the RISC-V instruction set for Ethereum smart contracts could boost execution layer performance—particularly for zero-knowledge operations—while helping maintain a - [AI Robot Cop Hits the Streets During Thai Festival](https://news.shib.io/2025/04/21/ai-robot-cop-hits-the-streets-during-thai-festival/): The Royal Thai Police (RTP) has unveiled the nation’s first AI robot, equipped with facial recognition tech, to assist in surveillance and public safety efforts. According to The Straits Times, the new AI-powered robot named Police Colonel Nakhonpathom Plod Phai — meaning “Nakhon Pathom is safe” — was rolled out in Nakhon Pathom province during the Songkran festival. Nicknamed “AI Police Cyborg 1.0,” the robot officer features a Robocop-style design and is outfitted with advanced 360-degree AI-powered surveillance cameras. The robot is the result of a collaborative effort between Provincial Police Region 7, the Nakhon Pathom Municipality, and the local - [Web3 for Teens: Exploring the Decentralized Economy](https://news.shib.io/2025/04/21/web3-for-teens-exploring-the-decentralized-economy/): Picture this: What if the internet wasn’t controlled by a few big companies, but by everyone? That’s the promise of Web3 — and at the heart of it is the decentralized economy, where control is shared, not hoarded. It might sound like sci-fi, but it’s happening right now. Web3 is all about giving you more power online. Today, we’re living through a major digital shift — and teens are right at the forefront. The way we interact, trade, create, and even own things online is being transformed. Gone are the days of big corporations calling all the shots. With Web3, - [Shiba Inu Chart Signals Bullish Trend, Analyst Predicts Surge](https://news.shib.io/2025/04/18/shiba-inu-chart-signals-bullish-trend-analyst-predicts-surge/): A technical pattern on the Shiba Inu chart this week has drawn the attention of cryptocurrency analysts, with one suggesting it could signal significant price gains for the widely followed digital asset. Bullish Divergence Emerges on Shiba Inu Chart Jason Marks (@JavonTM1 on X), publishing analysis on the social media platform X, identified what is known in technical analysis circles as a regular bullish divergence. This type of signal is sometimes interpreted by traders as an indicator of potential upward price movement in the near future. “$SHIB (Shiba Inu) right there along with a Regular Bullish Divergence as well! BY - [US Charges Wall Street Vet in $7M Crypto Casino Scheme](https://news.shib.io/2025/04/18/us-charges-wall-street-vet-in-7m-crypto-casino-scheme/): Federal prosecutors charge Richard Kim, a former executive at top Wall Street firms and founder of a startup crypto casino, with defrauding investors out of millions. The government alleges Kim solicited over $7 million for his venture, Zero Edge, under false pretenses and then misappropriated the funds, losing most through high-risk trades and gambling. Kim, previously with Galaxy Digital, Goldman Sachs, and JPMorgan Chase, was arrested Tuesday, according to court filings. Complaint Details Alleged Crypto Casino Fraud The accusations appear in a formal complaint filed in the Southern District of New York, charging Kim with wire fraud and securities fraud - [Shibarium Dev Initiative Spotlights Shups Ecosystem Hub](https://news.shib.io/2025/04/18/shibarium-dev-initiative-spotlights-shups-ecosystem-hub/): Shibarium’s future ignites! The Shibarium Dev Initiative pulls back the curtain on builders shaping the L2, spotlighting Shups Ecosystem – a project forging a dynamic hub blending ROI opportunities with real-world impact as the network surpasses 1 billion transactions. Shibarium Dev Initiative Spotlights Shups Ecosystem Launched as part of the ongoing Shibarium dev initiative to showcase the diverse talent building on Shiba Inu layer-2 scalability solution, this feature explores the Shups Ecosystem. Spearheaded by pseudonymous founder Eternal Night Designs, the project aims to provide a multifaceted experience for users within the Shibarium environment.  Described as a potential “one-stop shop for - [Tariff Hike Threatens US Bitcoin Mining as Costs Set to Surge](https://news.shib.io/2025/04/18/tariff-hike-threatens-us-bitcoin-mining-as-costs-set-to-surge/): American crypto miners have grown increasingly concerned about their future operations as President Donald Trump’s new tariffs target Asian imports — a major source of Bitcoin mining equipment for the industry. Bitcoin mining hardware manufactured in Southeast Asia now faces potential tariffs of up to 36%, putting added pressure on U.S. crypto miners who depend heavily on imported equipment.  While a standard 10% tariff still applies, Trump’s proposed trade policy—which would increase import taxes on machines from countries like Malaysia, Indonesia, and Thailand—has been delayed by a 90-day pause. The policy, originally scheduled to take effect on April 9, outlines - [How the Shiba Inu Karma Engine Builds Trust Across Web3 Ecosystems](https://news.shib.io/2025/04/18/how-the-shiba-inu-karma-engine-builds-trust-across-web3-ecosystems/): In Web3, anyone can jump in — and this is part of the magic. But with open access comes a big question: who can you actually trust? That’s where the Shiba Inu Karma Engine comes in. It’s a reputation system designed to reward good behavior, highlight helpful community members, and make trust something you can actually see — not just guess. The Shiba Inu Network State is all about creating a digital society where actions matter. Instead of relying on status or loud opinions, it values participation, contribution, and consistency. The Karma Engine helps power this vision by giving every - [Ripple's Hidden Road Gains FINRA Approval, Eyes Market Expansion](https://news.shib.io/2025/04/18/ripples-hidden-road-gains-finra-approval-eyes-market-expansion/): Ripple-backed brokerage firm Hidden Road has joined the Financial Industry Regulatory Authority (FINRA), marking a step forward in expanding its broker-dealer services. Following its $1.25 billion acquisition by Ripple, Hidden Road is poised to enhance its fixed-income prime brokerage offerings and broaden its presence in traditional financial markets.  “As a FINRA member, we will be able to bring our best-in-class, technology-driven fixed income service offering to an expanded universe of institutional clients. Our business has tremendous momentum, and we look forward to continuing to provide superior execution and support to our clients amidst today’s exceptionally dynamic market environment,” Noel Kimmel, - [Crypto Exchange eXch to Shut Down After Links to Hack Uncovered](https://news.shib.io/2025/04/18/crypto-exchange-exch-to-shut-down-after-links-to-hack-uncovered/): Cryptocurrency exchange eXch has revealed plans to cease activities on May 1 amidst growing allegations that it facilitated the laundering of funds linked to the recent $1.4 billion hack of Bybit.  In an official statement released on April 17, the crypto exchange announced that its management team had voted overwhelmingly to “cease and retreat” in light of allegations connecting the platform to the laundering of approximately $35 million from the recent Bybit hack.  Reports suggest that North Korea’s Lazarus Group, allegedly involved in the exploit, used eXch for the transaction. The exchange also revealed it is under investigation as part - [Shiba Inu Price Inches Toward Breakout, Bulls Test Key Wall](https://news.shib.io/2025/04/17/shiba-inu-price-inches-toward-breakout-bulls-test-key-wall/): Shiba Inu price inches closer to a potential breakout, with bulls pounding against a key resistance wall that’s held firm for weeks. The dog-themed altcoin tightens its coil — and the next move could be explosive. Shiba Inu Price Battles Resistance Near $0.000012 The critical battleground for SHIB bulls is forming around the 0.00001195−0.00001200 zone. This price ceiling has acted as a significant barrier, repeatedly halting upward advances in recent trading sessions.  Technical analysts often view such persistent resistance levels as crucial tests of market strength; a decisive breach can signal a shift in control from sellers to buyers, potentially - [Crypto Bull Run Peak Could Slip Amid US-China Trade War Escalation ](https://news.shib.io/2025/04/17/crypto-bull-run-peak-could-slip-amid-us-china-trade-war-escalation/): As the U.S. and China lock horns in a deepening trade war, the crypto bull run teeters on uncertain ground. An investment expert warns that intensifying geopolitical tensions could keep markets volatile and push the peak of this cycle far beyond what investors expect. Crypto Bull Run Threatened by Global Tensions The crypto bull run, already navigating a complex macroeconomic climate, now faces fresh headwinds from an escalating trade standoff between the world’s two largest economies. Min Xue, investment partner at Foresight Ventures, believes this isn’t a temporary scuffle—it’s a long-haul fight. “This fight will drag on,” said Xue in - [Russia Eyes National Stablecoin to Boost Crypto Use](https://news.shib.io/2025/04/17/russia-eyes-national-stablecoin-to-boost-crypto-use/): Russia has reportedly planned to launch its own stablecoins, potentially pegged to multiple currencies, following recent developments surrounding the U.S. dollar-backed Tether stablecoin. Reports suggest that Tether, the issuer of USDT, blocked digital wallets linked to a Russian crypto exchange that had been sanctioned by the European Union. Osman Kabaloev, deputy head of the financial policy department at Russia’s Finance Ministry, suggested that Russia explore “internal tools” following the recent wallet blockages. In a statement on Wednesday, Kabaloev highlighted the need to create alternatives similar to USDT, potentially pegged to other currencies, in response to the situation. As the regulatory - [Shib Events and Ticketing Engine: Revolutionizing Event Ticketing](https://news.shib.io/2025/04/17/shib-events-and-ticketing-engine-revolutionizing-event-ticketing/): Digital events are booming — from virtual concerts to metaverse meetups. But with all the buzz comes one big question: how do you know your ticket’s legit? That’s where a powerful ticketing engine backed by NFTs steps in to save the day — no fakes, no rip-offs, just secure access to the events you love. Picture an NFT (Non-Fungible Token) as a one-of-a-kind digital badge that proves you own something special. It could be a ticket to an exclusive event, a rare digital art piece, or anything that’s unique. NFTs make it easy to prove ownership. And that’s where the - [Tariffs in Focus as US Rallies Allies to Block China Workarounds](https://news.shib.io/2025/04/17/tariffs-in-focus-as-us-rallies-allies-to-block-china-workarounds/): The Trump administration has reportedly developed a strategy to use ongoing tariff negotiations as a diplomatic tool, aiming to persuade U.S. trading partners to scale back their economic ties with China and limit the flow of Chinese goods through their countries by imposing tariffs. According to The Wall Street Journal, U.S. officials are in talks with over 70 nations to push for measures that would block China from using third-party countries to bypass American tariffs, including efforts to limit Chinese companies from operating locally in ways that could undermine trade restrictions. On Tuesday, the White House announced that imports from - [Jerome Powell Hints Easing Crypto Restrictions for Banks](https://news.shib.io/2025/04/17/jerome-powell-hints-easing-crypto-restrictions-for-banks/): Federal Reserve Chairman Jerome Powell has signaled that U.S. banks may soon see a relaxation of existing crypto restrictions, as regulators look to balance financial innovation with consumer protection. Speaking at The Economic Club of Chicago on Wednesday, Powell acknowledged the troubled history of digital assets, citing years marked by fraud and market failures. However, he noted that the overall environment surrounding cryptocurrencies is becoming more mainstream, suggesting a shift in how regulators may approach the sector moving forward. “We took a pretty conservative, other bank regulators took an even more conservative perspective on the guidance and rules we imposed - [Monopoly Blockchain Real Estate Game in the Works - Trump](https://news.shib.io/2025/04/17/monopoly-blockchain-real-estate-game-in-the-works-trump/): U.S. President Donald Trump has unveiled plans for a new project that merges cryptocurrency with gaming, drawing inspiration from Monopoly as part of his growing portfolio of Trump-branded digital ventures. According to Fortune, Trump’s upcoming game is expected to follow a style similar to MONOPOLY GO!, a mobile reimagining of the traditional Monopoly experience. Slated for a late April debut, the release would mark the latest in a series of crypto-focused initiatives tied to Trump, which also include NFTs, a meme token, a DeFi platform, and a Bitcoin mining operation linked to his sons. In MONOPOLY GO!, players earn currency, - [Environmental Impact of Bitcoin Mining: A Deep Dive](https://news.shib.io/2025/04/16/environmental-impact-of-bitcoin-mining-a-deep-dive/): Bitcoin mining has been making waves in the news, and not always for the best reasons. Essentially, Bitcoin mining is the process of creating new bitcoins and maintaining the entire Bitcoin network by solving complex mathematical puzzles. This process requires a lot of electricity, and that’s where the environmental concerns come in. Critics often point out that mining uses massive amounts of energy, leading to worries about carbon emissions and environmental damage. It’s like having a gas-guzzling car running 24/7—definitely not great for the planet. But here’s the twist: while energy consumption is a real concern, the Bitcoin mining industry - [Argentina Unveils Tokenization Sandbox to Boost Digital Securities](https://news.shib.io/2025/04/16/argentina-unveils-tokenization-sandbox-to-boost-digital-securities/): Argentina has launched a yearlong regulatory sandbox to pilot asset tokenization—including stocks—positioning the country as a regional leader in crypto innovation, according to the national securities regulator (CNV). Argentina’s securities watchdog, the CNV, outlined that its new tokenization framework will cover a broad range of financial instruments. These include full or partial digital representations of publicly offered assets such as shares—whether singly or dually listed—negotiable bonds, closed-end mutual fund shares, debt securities, and participation certificates from financial trusts. To support the rollout, Argentina’s securities regulator will implement a one-year sandbox structure, allowing real-world testing of tokenized asset offerings. During this - [White House Eyes Bitcoin Reserve Boost Using Trump Tariff Funds](https://news.shib.io/2025/04/16/white-house-eyes-bitcoin-reserve-boost-using-trump-tariff-funds/): The U.S. administration has begun exploring creative strategies to grow its Bitcoin reserve, potentially tapping into Trump-era tariff revenues to fund new acquisitions, according to Bo Hines, Executive Director of the Presidential Council of Advisers for Digital Assets. In an April 14 interview with crypto investor Anthony Pompliano, Hines confirmed that the administration is actively considering the strategy to grow its Bitcoin holdings.“We’re looking at many creative ways, whether it be from tariffs, whether it be from something else,” Hines said. “Everything’s on the table.” Hines indicated that one of the leading proposals under review is Senator Cynthia Lummis’ 2025 - [XRP and SWIFT Partnership Rumors Stir Buzz](https://news.shib.io/2025/04/16/xrp-and-swift-partnership-rumors-stir-buzz/): Global interbank network SWIFT may soon incorporate Ripple’s XRP Ledger into its systems, marking a potential milestone for the integration of blockchain with traditional finance. Crypto commentator John Squire recently noted that growing speculation has emerged in the digital asset space regarding a potential announcement from SWIFT. According to Squire, several prominent voices have hinted that the global interbank network may be preparing to formally confirm the integration of Ripple’s XRP into its international payment infrastructure. “More recently, SWIFT published a report discussing the integration of Distributed Ledger Technology (DLT). Ripple was on that list. XRP was part of that - [Anchorage Digital Faces Federal Probe Over Money Handling Practices](https://news.shib.io/2025/04/16/anchorage-digital-faces-federal-probe-over-money-handling-practices/): Anchorage Digital Bank has reportedly come under investigation by the U.S. Department of Homeland Security’s El Dorado Task Force, a unit known for pursuing international money laundering and financial crimes. While details of the probe remain murky, the inquiry marks a rare federal spotlight on a federally chartered crypto institution. Members of the Department of Homeland Security’s El Dorado Task Force have reportedly reached out to former Anchorage Digital Bank employees in recent weeks to scrutinize the firm’s internal practices and policies, according to an April 14 report by Barron’s. The outreach suggests that the investigation may be focused on - [Bitcoin Price Outlook Hit by Bond Jitters, Retail Pullback](https://news.shib.io/2025/04/15/bitcoin-price-outlook-hit-by-bond-jitters-retail-pullback/): The Bitcoin price outlook faces growing headwinds today. Shaky global markets, spooked by tariff wars and a fragile U.S. bond market, cast a shadow over the cryptocurrency. While long-term prospects remain bright, fresh data reveals short-term weakness and increasing caution among retail traders, warns a new note from Hyblock Capital. The analysis, penned by CEO Shubh Varma, pointed to a tumultuous week where tariff headlines dominated market sentiment, causing sharp swings in equities. Scott Bessent’s comment distinguishing between a “‘Mag7 problem, not a MAGA problem'” highlighted perceived tech overvaluation amid the chaos, the note, seen by The Shib Daily, highlighted.  - [Why Crypto Marketing Is Missing the Mark: A Personal Take](https://news.shib.io/2025/04/15/why-crypto-marketing-is-missing-the-mark-a-personal-take/): A few years back, I tossed out a wild idea over drinks with some friends: what if companies had a “Chief Bitcoin Officer”? They laughed it off—thought I was joking, maybe pulling a prank after one too many beers. But here we are, Q2 2025 rolls around, and I’ve met three people sporting that exact title. One of them works for a family office I know well, a group that used to sink its cash into safe, tangible stuff like real estate. Then they dipped their toes into Bitcoin and crypto, and this CBO stepped up. From what I’ve heard, - [ZKsync Breach: Hacker Mints 111M Unclaimed Tokens](https://news.shib.io/2025/04/15/zksync-breach-hacker-mints-111m-unclaimed-tokens/): An attacker minted 111 million ZK tokens today. This followed a significant ZKsync breach involving a compromised administrative account tied to the project’s airdrop. The unauthorized tokens came from an unclaimed pool. ZKsync confirmed the details, as the news pushed the ZK token price down about 13 percent. The incident, first flagged by security firms, involved an admin key controlling three specific airdrop distribution contracts. ZKsync identified the compromised account address as 0x842822c797049269A3c29464221995C56da5587D in a statement posted on the social media platform X, providing clarity on the ZKsync breach. Details of ZKsync Breach: ‘Sweep’ Function Exploited Investigators found the attacker - [Shiba Inu Doggy DAO: How Shibizens Shape Decentralized Governance](https://news.shib.io/2025/04/15/shiba-inu-doggy-dao-how-shibizens-shape-decentralized-governance/): If you’ve heard of Shiba Inu, you probably know it as the internet’s favorite meme coin turned serious contender in the crypto space. But behind the cute dog mascot is a fast-growing community doing something pretty powerful: building a whole decentralized world — together. Enter the Doggy DAO. So, what’s a DAO? In plain English, it’s like an online club with a shared wallet and voting system. Members (in this case, Shibizens) suggest ideas, vote on what to do with community funds, and make important decisions — all without a boss in charge. The Shiba Inu Doggy DAO is how - [Crypto Apps Pulled from Apple Store in South Korea Crackdown](https://news.shib.io/2025/04/15/crypto-apps-pulled-from-apple-store-in-south-korea-crackdown/): South Korea’s Financial Intelligence Unit (FIU) has ramped up its crypto crackdown by blocking access to 14 unregistered foreign crypto apps on Apple’s App Store, targeting platforms serving local users without proper approval.  As part of a wider enforcement effort, the FIU blocked access to 14 unregistered crypto apps on the Apple App Store — including major global exchanges like KuCoin and MEXC — citing regulatory non-compliance. South Korea’s Financial Services Commission (FSC) has labeled the exchanges as unregistered virtual asset service providers (VASPs), deeming their operations illegal in the country. The FSC’s anti-money laundering body, the FIU, announced that - [White House to Begin Federal Reserve Chair Talks This Fall](https://news.shib.io/2025/04/15/white-house-to-begin-federal-reserve-chair-talks-this-fall/): U.S. Treasury Secretary Scott Bessent has said the White House plans to start evaluating potential successors to Federal Reserve Chair Jerome Powell this fall, well ahead of Powell’s term ending in May 2026. During an interview with Bloomberg TV, while visiting Argentina, Bessent explained that the Trump administration would have a six-month window to evaluate candidates before Powell’s term concludes. He provided no additional details regarding the process. Bessent expressed that he had no concerns about President Donald Trump removing Powell or interfering with the Federal Reserve’s independence. However, he did highlight the potential for further dialogue on the Fed’s - [Trump Weighs Temporary Tariff Exemptions to Aid Carmakers](https://news.shib.io/2025/04/15/trump-weighs-temporary-tariff-exemptions-to-aid-carmakers/): President Donald Trump has announced he is considering targeted tariff exemptions for carmakers, offering them more time to set up US-based production in light of previous tariff actions. During an interview in the Oval Office with El Salvador’s President Nayib Bukele, President Trump mentioned that automakers “need a little bit of time” to move production from Canada, Mexico, and other countries to the U.S. The intricate nature of car manufacturers’ supply chains presents significant challenges in fully relocating vehicle production to the U.S., given the interconnectedness of global networks. “I’m looking at something to help some of the car companies, - [SEC Delays Decision on Grayscale Ether ETFs Staking Plans](https://news.shib.io/2025/04/15/sec-delays-decision-on-grayscale-ether-etfs-staking-plans/): After greenlighting options trading for Ether ETFs, the U.S. Securities and Exchange Commission (SEC) has pressed pause on a separate decision — delaying its call on whether to allow Ethereum staking in two Grayscale investment funds. In an April 14 announcement, the SEC shared that it postponed its decision on the Grayscale Ethereum Trust ETF and the Grayscale Ethereum Mini Trust ETF until June 1. The final deadline for a ruling remains at the end of October. “The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it - [Shib's Rewarding Evolution](https://news.shib.io/2025/04/14/shibs-rewarding-evolution/): Read the latest edition of The Shib Magazine here. - [Shiba Inu Price Teases Climb Amid Bullish Chart Signals](https://news.shib.io/2025/04/14/shiba-inu-price-teases-climb-amid-bullish-chart-signals/): The Shiba Inu price flickers with possibility as traders scan charts for signs of a breakout. In the murky calm following recent market turbulence, bullish patterns are surfacing—some subtle, others shouted from the charts. Online analysts mark up their screens with arrows and predictions, hoping the next move is up. But the signals, like the market itself, remain a mix of promise and uncertainty. Trader Flags ‘Pump Wave’ for Shiba Inu Price One forecast gaining attention came from a crypto trader known as @army_shiba, who posted over the weekend on the platform X. The message was brief but clear:“$SHIB – - [Blockchain and Energy: A New Way to Power the World](https://news.shib.io/2025/04/14/blockchain-and-energy-a-new-way-to-power-the-world/): What if the tech behind your favorite crypto coin could also help power your apartment? Sounds wild, right? But that’s exactly what’s starting to happen as blockchain and energy come together in some pretty unexpected ways. You’ve probably heard of blockchain thanks to Bitcoin or NFTs, but here’s the deal: blockchain is just a super-secure, digital way to record transactions—like a fancy online ledger that no one can tamper with. And while it’s a big deal in finance, it’s now making waves in an entirely different space: how we make, share, and use energy. In this article, we’re diving into - [US Social Security Shifts Public Updates to X Only](https://news.shib.io/2025/04/14/us-social-security-shifts-public-updates-to-x-only/): The U.S. Social Security Administration announced a shift in its communication strategy, revealing it will now exclusively use X (formerly Twitter) to engage with the public and media, following significant staff reductions. In a recent meeting with managers, SSA regional commissioner Linda Kerr-Davis confirmed that the agency will no longer issue press releases or “dear colleague” letters to update the media and the public about changes to programs and services, as reported by Wired. “Instead, the agency will be using X to communicate to the press and the public … so this will become our communication mechanism,” Kerr-Davis stated.  The - [Howard Lutnick Reverses US Tariff Exemption](https://news.shib.io/2025/04/14/howard-lutnick-reverses-us-tariff-exemption/): Commerce Secretary Howard Lutnick has reversed course on a newly announced reciprocal tariff exemption for select electronics, just days after U.S. Customs and Border Protection issued a bulletin detailing the measure. The abrupt policy shift has deepened market uncertainty, raising fresh concerns about the stability of U.S. trade strategy. According to ABC News, Lutnick explained that the reciprocal tariff exemption would be temporary, lasting until the administration establishes a sector-specific tariff framework for semiconductor products. The new policy, covering items like smartphones, graphics processors, and computing chips, is expected within the next “month or two.” In an interview with “This - [Google A2A Lets AI Agents Work Together Seamlessly](https://news.shib.io/2025/04/14/google-a2a-lets-ai-agents-work-together-seamlessly/): Tech giant Google has launched an open agent-to-agent protocol that enables AI agents to communicate securely, marking a key step in improving AI interoperability. In a post on its developer blog, Google revealed that the new A2A protocol was shaped by the company’s own experience in scaling agentic systems, aiming to tackle the challenges it encountered while deploying large, multi-agent frameworks for clients. “Today, we’re launching a new, open protocol called Agent2Agent (A2A), with support and contributions from more than 50 technology partners like Atlassian, Box, Cohere, Intuit, Langchain, MongoDB, PayPal, Salesforce, SAP, ServiceNow, UKG and Workday; and leading service - [CRISPR Brings Gene-Edited Human Embryos Closer to Reality](https://news.shib.io/2025/04/14/crispr-brings-gene-edited-human-embryos-closer-to-reality/): Recent breakthroughs in in-vitro gametogenesis (IVG) have brought the possibility of gene-edited human embryos closer to reality, with CRISPR-Cas9 poised to make heritable gene editing viable within years. Gene-editing technology is well established and has remained a prominent focus of scientific and public interest in recent years. Gene editing is a scientific technique that allows researchers to make precise changes to DNA, such as correcting mutations, removing faulty genes, or adding new genetic material. Tools like CRISPR-Cas9 act like molecular scissors, enabling targeted edits that can influence how genes function. Researchers have made major advancements in the field of IVG, - [Shibarium Devs Get Direct Line to Core Team via New Channel](https://news.shib.io/2025/04/11/shibarium-devs-get-direct-line-to-core-team-via-new-channel/): Shibarium devs now have a dedicated pipeline for technical support, as the core team launches a specialized Telegram channel providing direct access for real-time assistance. This crucial new hub is live, aiming to slash technical roadblocks and accelerate dApp creation by offering Shibarium devs a direct line to the engineering team. Direct Support Channel Launched for Shibarium Devs This latest initiative focuses squarely on improving the experience for Shibarium devs. The creation of the dedicated Telegram group was announced by “John Doe,” identified as a pseudonymous Shibarium engineering manager.  His message, aimed directly at the builder community, laid out the - [Shiba Inu Price Nears Key Level in a Bid for 67% Breakout](https://news.shib.io/2025/04/11/shiba-inu-price-nears-key-level-in-a-bid-for-67-breakout/): Shiba Inu (SHIB) teeters on the brink, pressing hard against a critical resistance wall that a crypto analyst believes holds the key to a massive breakout for the Shiba Inu price. This potential move targets a 67% explosion upwards to $0.00002. The battle lines are drawn at this key resistance, and a confirmed breakout could ignite the next significant rally for the popular dog-themed altcoin. Shiba Inu Price Poised at Key Juncture A technical analysis recently published by crypto commentator CryptoWizard101 has focused attention on a specific juncture for the Shiba Inu price. In their assessment, which utilized the accompanying - [Former Nate CEO Charged in $40M AI Fraud Over Fake Tech Claims](https://news.shib.io/2025/04/11/former-nate-ceo-charged-in-40m-ai-fraud-over-fake-tech-claims/): Albert Saniger, the former CEO of fintech startup Nate, Inc., has been indicted by the U.S. Attorney’s Office for the Southern District of New York for allegedly misleading investors about the company’s artificial intelligence (AI) capabilities. According to a press release from the U.S. Attorney’s Office for the Southern District of New York, Saniger is accused of orchestrating a scheme to defraud current and potential investors by providing false and misleading information about Nate’s proprietary AI technology and the company’s operational functionality. The former CEO is accused of securing over $40 million in funding from various investors. “Saniger allegedly abused - [UK Regulators Warn Stablecoins Could Undermine Pound and Markets](https://news.shib.io/2025/04/11/uk-regulators-warn-stablecoins-could-undermine-pound-and-markets/): United Kingdom regulators have stepped up scrutiny of stablecoins and the broader crypto industry, warning they could pose risks to the country’s financial system and monetary stability. At its meetings on April 4 and April 8, the Bank of England’s Financial Policy Committee (FPC) emphasized a sharp increase in stablecoin and unbacked crypto activity over the past year. In response, the FPC issued a warning about the potential risks these developments could pose to financial stability, underscoring concerns tied to the growing adoption of digital assets without clear backing. The UK’s Financial Conduct Authority (FCA) and its central bank have - [SEC Drops Helium Lawsuit, Crypto Token Violations Cleared](https://news.shib.io/2025/04/11/sec-drops-helium-lawsuit-crypto-token-violations-cleared/): The U.S. Securities and Exchange Commission (SEC) has dropped its lawsuit against Nova Labs, the company behind the Helium Network, which had been accused of issuing unregistered securities. In a blog post on April 10, Helium celebrated the dismissal of the lawsuit, describing it as a “major win for Helium and the people.” “Today marks a major win for Helium and The People’s Network. Nova Labs, the founding team behind Helium, confirms the SEC has agreed to dismiss with prejudice its claims that Nova Labs sold unregistered securities,” Helium wrote.  The lawsuit filed against Helium marked the regulator’s final action - [OpenAI Sues Elon Musk, Accusing Sabotage and Power Grab](https://news.shib.io/2025/04/11/openai-sues-elon-musk-accusing-sabotage-and-power-grab/): Artificial intelligence research group OpenAI has countersued X owner Elon Musk, escalating a long-standing legal dispute that was prompted when Musk pursued litigation against the organization last week. According to the lawsuit filed on April 9 in the Northern District of California, Musk claimed that OpenAI attempted to become a public benefit corporation under its current for-profit structure. The filing also alleged that Musk withdrew from the company after the organization refused to merge with his electric vehicle and clean energy company, Tesla. Per the lawsuit, Musk did not honor his $1 billion pledge to OpenAI. Instead, just a year - [TRUMP Meme Coin at Center of Bribery Allegations by Senator Murphy [Video]](https://news.shib.io/2025/04/11/senator-murphy-alleges-bribery-scheme-tied-to-trump-meme-coin/): Senator Chris Murphy has accused President Donald Trump of orchestrating a bribery scheme involving his TRUMP meme coin, raising concerns about its potential misuse in political influence. In a recent post on X, Senator Murphy accused President Trump of “running a backdoor bribery scheme,” alleging that his personal cryptocurrency allows CEOs and foreign oligarchs to secretly send him money in exchange for favors. “It’s the biggest scandal in the history of the Presidency,” Senator Murphy claimed in his post.  Senator Murphy’s accusation was met with doubt from some users, with one asking if he had evidence to support his claim. - [SHIB Lead Dev Gives Rare Update on SHI Stablecoin Status](https://news.shib.io/2025/04/10/shib-lead-dev-gives-rare-update-on-shi-stablecoin-status/): Shiba Inu lead developer Kaal Dhairya gives a rare update on the SHI stablecoin, citing regulatory uncertainty as the reason for its delay — and reviving community interest in the final token of Ryoshi’s original vision. Kaal — as the Shib Army fondly calls him — said Wednesday that the project is “waiting on clear stable coin regulations” before moving forward with SHI. He made the comment during a brief exchange on social media. A user had asked, “Bro, if possible one question: any update about the stable coin Shi? Many thanks!” Kaal’s response offered a rare, concise update on - [Shiba Inu Lead Dev Hints at 'Next Phase' with Advanced Tech](https://news.shib.io/2025/04/10/shiba-inu-lead-dev-hints-at-next-phase-with-advanced-tech/): As market fear swirls, Kaal Dhairya, the Shiba Inu lead dev, directs the community’s gaze forward, hinting online Wednesday at a significant “next phase” for the ecosystem, urging the community to build through the current market slump. Known affectionately as “Kaal” by the Shib Army, pointed towards specific technological advancements in his post on the social media platform X. He identified “Rollups, FHE, and beyond” as key elements of this upcoming stage for the Shiba Inu project.  FHE stands for Fully Homomorphic Encryption, a complex form of cryptography focused on data privacy.  His X post came during a period of - [Senate Confirms Paul Atkins as SEC Chair, Focus on Crypto Regulation](https://news.shib.io/2025/04/10/senate-confirms-paul-atkins-as-sec-chair-focus-on-crypto-regulation/): Paul Atkins, nominated by President Donald Trump, has been confirmed as the new chair of the U.S. Securities and Exchange Commission (SEC) after a 52-44 Senate vote. Atkins was confirmed as the new SEC chair on April 9. “We welcome Paul Atkins as the next Chairman of the SEC. A veteran of our Commission, we look forward to him joining with us, along with our dedicated staff, to fulfill our mission on behalf of the investing public,” the agency’s commissioners shared in a statement.  After winning the 2024 presidential election, President Trump fulfilled his campaign promise to the crypto community - [Trump Pauses Reciprocal Tariffs, Hikes China’s to 125%](https://news.shib.io/2025/04/10/trump-pauses-reciprocal-tariffs-hikes-chinas-to-125/): President Donald Trump has announced a 90-day delay on new “reciprocal tariffs” and offered a reduced 10% rate for nations that refrain from retaliating—news that sent U.S. stock markets climbing. President Trump shared the tariff update through a post on his social media platform, Truth Social. “At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable,” President Trump wrote. President Trump stated that more than 75 countries have contacted U.S. officials—including representatives from the Departments of Commerce, Treasury, and the U.S. Trade - [China, Russia Settle Energy Trades in Bitcoin - VanEck Report](https://news.shib.io/2025/04/10/china-russia-settle-energy-trades-in-bitcoin-vaneck-report/): Matthew Sigel, Head of Digital Assets Research at VanEck, has revealed that China and Russia are now using Bitcoin to settle energy transactions, a move sparked by President Trump’s new tariffs on China and the European Union (EU). A report from the global investment management firm indicates that the Trump administration’s April 2 tariff package, aimed at imports from China and the EU, has rekindled global trade tensions and heightened the risk of monetary and geopolitical fragmentation. Following the announcement, Bitcoin saw a drop from $85k to around $81k and continued to decline over the weekend. However, it has still - [Kawasaki Unveils Hydrogen-Powered Robotic Horse at Osaka Expo](https://news.shib.io/2025/04/10/kawasaki-unveils-hydrogen-powered-robotic-horse-at-osaka-expo/): Kawasaki Heavy Industries has introduced a concept for a hydrogen-powered, four-legged robotic horse, designed to traverse diverse terrains and potentially transport people in the future. At a preview event leading up to the Osaka-Kansai Expo 2025, the Japanese manufacturer revealed its latest innovation, a robot named “Corleo.” However, a working prototype has yet to be released to the public. Corleo stands apart from other animal-inspired robots, as it is specifically designed to carry riders. Equipped with artificial intelligence (AI) and uniquely crafted legs, it can traverse challenging terrains with ease. “CORLEO is a completely new means of transportation that combines - [Blockchain in Identity Management: Secure, Decentralized Systems](https://news.shib.io/2025/04/10/blockchain-in-identity-management-secure-decentralized-systems/): In today’s world, managing your identity is more important than ever. It’s not just about who you are in the real world, but how you’re recognized online. That’s where identity management comes in. Think of it as the ultimate VIP bouncer at the club of the internet, making sure that only the right people (and websites) know who you are and that your personal info stays safe. Now, here’s the twist: Enter blockchain—the tech that’s about to make your digital identity even more secure and easier to manage. Imagine if your personal information didn’t live in a big, vulnerable database - [Crypto Roundtable: Top Crypto Execs Set to Meet Senate Democrats](https://news.shib.io/2025/10/21/crypto-roundtable-top-crypto-execs-set-to-meet-senate-democrats/): Top executives from major crypto firms, including Coinbase, Uniswap, and Ripple, are joining Senate Democrats in roundtable discussions to shape upcoming U.S. crypto regulation and policy frameworks. - [Coinbase Login Chaos Hits Users as Amazon Web Services Outage Strikes](https://news.shib.io/2025/10/21/coinbase-login-chaos-hits-users-as-amazon-web-services-outage-strikes/): Several major platforms, including Coinbase, Robinhood, Amazon, Snapchat, and Reddit, suffered widespread outages tied to problems with Amazon Web Services (AWS). The disruptions affected user access across multiple services, highlighting the internet’s reliance on centralized cloud infrastructure. Both Coinbase and Amazon have since restored operations, with Coinbase confirming all user funds remained secure. - [Binance Bans 600+ Accounts for Cheating with Unauthorized Tools](https://news.shib.io/2025/10/21/binance-bans-600-accounts-for-cheating-with-unauthorized-tools/): Binance has banned over 600 accounts for using unauthorized third-party tools, launched a whistleblower reward program, and rolled out a $400M relief plan to support users hit by the recent $20B market crash, aiming to restore fairness and confidence in its platform. - [7 Common KYC Mistakes Crypto Users Make (And How to Avoid Them)](https://news.shib.io/2025/10/21/7-common-kyc-mistakes-crypto-users-make-and-how-to-avoid-them/): The article explains how KYC (Know Your Customer) verification works in crypto, why it’s required, and how mistakes during the process can delay account approval or trading access. It emphasizes the importance of submitting accurate documents and following exchange guidelines to ensure a smooth and secure crypto journey. - [Beijing Halts Chinese Tech Giants’ Stablecoin Initiatives in Hong Kong](https://news.shib.io/2025/10/20/beijing-halts-chinese-tech-giants-stablecoin-initiatives-in-hong-kong/): Ant Group and JD.com have halted their Hong Kong stablecoin projects after Beijing regulators raised concerns about private companies issuing and controlling digital currencies, highlighting regulatory caution in the region. - [UK Targets 65,000 Crypto Investors in Major Tax Crackdown](https://news.shib.io/2025/10/20/uk-targets-65000-crypto-investors-in-major-tax-crackdown/): The UK’s HM Revenue & Customs (HMRC) has sent 65,000 warning letters to crypto investors suspected of underreporting taxes. The move, part of a broader crackdown on crypto tax evasion, follows a 134% surge in such notices. Backed by data from exchanges and the upcoming global Crypto-Asset Reporting Framework (CARF), the effort aims to tighten tax compliance and boost transparency in digital asset trading. - [Japan FSA May Let Banks Hold Crypto: What This Could Mean for SHIB Holders](https://news.shib.io/2025/10/20/japan-fsa-may-let-banks-hold-crypto-what-this-could-mean-for-shib-holders/): Japan’s FSA is preparing to review regulations that may let banks hold cryptocurrencies and run licensed exchanges, signaling growing institutional acceptance. - [Wikipedia Sees Sharp Drop in Visitors as AI Changes How People Search](https://news.shib.io/2025/10/20/wikipedia-sees-sharp-drop-in-visitors-as-ai-changes-how-people-search/): Wikipedia is seeing an 8% drop in human pageviews, according to Wikimedia Foundation VP Marshall Miller, who attributes the decline to generative AI and social media changing how people access information. Miller warned that fewer visits could impact community contributions and funding, as AI tools increasingly rely on Wikipedia content without directing users back to the site. - [How Web3 Is Revolutionizing the Media You Watch, Read, and Share](https://news.shib.io/2025/10/20/how-web3-is-revolutionizing-the-media-you-watch-read-and-share/): Web3 is transforming media by turning audiences into active participants. Through NFTs, DAOs, and blockchain-powered platforms, fans can fund, own, and shape the content they love, blurring the line between creator and consumer and redefining how stories are made and shared. - [Evolving Frames](https://news.shib.io/2025/10/18/evolving-frames/) - [Trump Confirms US Is in a Trade War With China — Bitcoin Feels the Sting](https://news.shib.io/2025/10/17/trump-confirms-us-is-in-a-trade-war-with-china-bitcoin-feels-the-sting/): President Donald Trump confirmed that the U.S. is now in an active trade war with China after threatening 100% tariffs on Chinese imports. The announcement, sparked by China’s tightened export controls on rare earth minerals, triggered a steep Bitcoin sell-off and renewed global market volatility. Economists warn the standoff could reshape global trade and economic power dynamics. - [Bank of England Sets ‘Temporary’ Stablecoin Caps — With No End in Sight](https://news.shib.io/2025/10/17/bank-of-england-sets-temporary-stablecoin-caps-with-no-end-in-sight/): The Bank of England will impose temporary stablecoin caps, £10K–£20K for individuals and £10M for businesses, to protect credit, with no set timeline for lifting them. - [Crypto Showdown: Fetch.ai and Ocean Protocol Clash Over $84M in Tokens](https://news.shib.io/2025/10/17/crypto-showdown-fetch-ai-and-ocean-protocol-clash-over-84m-in-tokens/): Fetch.ai CEO Humayun Sheikh has publicly accused the Ocean Protocol Foundation of mismanaging 286 million FET tokens valued at about $84 million, a dispute that has sparked legal threats and drawn a response from cryptocurrency exchange Binance. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Key points: The dispute traces back to the formation of the Artificial Superintelligence (ASI) Alliance in 2024, an initiative that unified three leading AI-driven blockchain projects, Fetch.ai, Ocean Protocol, and SingularityNET, under a single token structure aimed at advancing decentralized artificial intelligence collaboration. In an X post published - [California Law Forces AI Companion Chatbots to Admit They’re Not Human](https://news.shib.io/2025/10/17/california-law-forces-ai-companion-chatbots-to-admit-theyre-not-human/): California Governor Gavin Newsom has signed a landmark law requiring AI companion chatbots to clearly disclose that they are not human. The legislation also introduces stricter online safety rules, including suicide prevention reporting, deepfake penalties, and age verification measures. The move comes as OpenAI faces scrutiny over planned policy changes and past chatbot safety concerns. - [Turn Your Old Digital Art into NFT Collectibles: A Step-by-Step Guide](https://news.shib.io/2025/10/17/turn-your-old-digital-art-into-nft-collectibles-a-step-by-step-guide/): The guide explains how to turn old digital art into NFT collectibles, covering steps from preparing and digitizing your artwork to choosing a blockchain, setting up a wallet, minting, pricing, promoting, and understanding legal considerations. It shows that even forgotten creations can gain new life, value, and visibility in the NFT world. - [Kidnapper of Canada’s ‘Crypto King’ Pleads Guilty in Wild $16M Saga](https://news.shib.io/2025/10/16/kidnapper-of-canadas-crypto-king-pleads-guilty-in-wild-16m-saga/): Deren Akyeam-Pong pleaded guilty to nine charges, including kidnapping and assault, in the 2022 abduction of Ontario’s “Crypto King” Aiden Pleterski, whose $16M investor fraud and bankruptcy sparked the high-profile case. - [Ripple CEO Demands Equal Treatment for Crypto and Traditional Banks](https://news.shib.io/2025/10/16/ripple-ceo-demands-equal-treatment-for-crypto-and-traditional-banks/): Ripple CEO Brad Garlinghouse is calling for equal regulatory treatment between crypto firms and traditional banks. As Ripple awaits a decision on its national charter, he argues that crypto companies following the same compliance rules as banks should also gain equal access to financial systems. His stance could signal a broader shift toward integrating decentralized platforms like Shibarium into mainstream finance. - [Sam Bankman-Fried Alleges Political Payback After Donating to Republicans](https://news.shib.io/2025/10/16/sam-bankman-fried-alleges-political-payback-after-donating-to-republicans/): Sam Bankman-Fried, the former FTX CEO, claims his 2022 arrest was politically motivated after he donated millions to Republicans. He alleges the Biden administration’s SEC and DOJ targeted him to prevent his congressional testimony. The revelation follows reports that former SEC Chair Gary Gensler’s government phone was wiped, erasing messages tied to the period surrounding FTX’s collapse. - [Sam Altman: ChatGPT to Allow Adult-Only Erotic Conversations Soon](https://news.shib.io/2025/10/16/sam-altman-chatgpt-to-allow-adult-only-erotic-conversations-soon/): OpenAI CEO Sam Altman announced plans to ease ChatGPT’s safety restrictions, allowing verified adults to engage in erotic content. The move follows recent controversies over ChatGPT’s past behavior and raises debate about balancing creative freedom with user safety. - [Lights, Cameras, Tokens: Celebs Backing Crypto, NFTs, and Web3 Projects](https://news.shib.io/2025/10/16/lights-cameras-tokens-celebs-backing-crypto-nfts-and-web3-projects/): Celebrities like Snoop Dogg, Tom Brady, Grimes, Serena Williams, and Paris Hilton are embracing crypto, NFTs, and Web3 projects. They’re launching NFT collections, investing in blockchain startups, and hosting metaverse events, showing how digital assets are reshaping fan engagement, entertainment, and digital culture. - [Binance Unveils $400M Relief Fund After Record Crypto Market Crash](https://news.shib.io/2025/10/15/binance-unveils-400m-relief-fund-after-record-crypto-market-crash/): Binance announced a $400M relief program for traders affected by last Friday’s crypto crash, including $300M in token vouchers and a $100M low-interest loan fund, while emphasizing it isn’t responsible for user losses. BNB Chain also added a $45M airdrop, bringing total support to $728M. - [Roger Ver Strikes $50M Deal as US Moves to Drop Bitcoin Tax Case](https://news.shib.io/2025/10/15/roger-ver-strikes-50m-deal-as-us-moves-to-drop-bitcoin-tax-case/): Roger Ver, known as “Bitcoin Jesus,” reached a $50M settlement with the DOJ to resolve his federal tax case, admitting he underreported Bitcoin holdings after renouncing U.S. citizenship. The deal includes dismissal of his indictment and underscores ongoing debates over crypto taxation and expatriate compliance. - [US Cracks $14B Pig Butchering Scam Linked to Human Trafficking Network](https://news.shib.io/2025/10/15/us-cracks-14b-pig-butchering-scam-linked-to-human-trafficking-network/): U.S. and U.K. authorities have targeted Cambodia-based Prince Holding Group and its chairman, Chen Zhi, over a massive Pig Butchering crypto scam. Investigators aim to seize 127,000 BTC (around $14B) linked to the operation, which allegedly forced victims to run scams, laundered billions globally, and financed luxury assets. Sanctions were also imposed on 146 individuals and entities tied to the network. - [California Passes First Law to Safeguard Dormant Crypto Holdings](https://news.shib.io/2025/10/15/california-passes-first-law-to-safeguard-dormant-crypto-holdings/): California has become the first U.S. state to protect unclaimed crypto assets under its Unclaimed Property Law. Signed by Governor Gavin Newsom, Senate Bill 822 ensures that dormant crypto holdings are preserved in their original form instead of being converted to cash. The law modernizes state financial regulations, recognizing digital assets like Bitcoin and SHIB as legitimate property deserving the same protections as traditional assets. - [Why We Trust Code Over People: The Psychology of Decentralization](https://news.shib.io/2025/10/15/why-we-trust-code-over-people-the-psychology-of-decentralization/): How decentralization is reshaping the way we think about trust in the digital age. It explains how public faith in banks, corporations, and institutions has eroded, leading people to place confidence in transparent, rule-based systems powered by code instead. While code offers fairness and predictability, the piece also highlights that true trust still requires human judgment, empathy, and balance between logic and emotion. - [Shiba Inu Rolls Out Stronger Shibarium Bridge with New Security Features](https://news.shib.io/2025/10/14/shiba-inu-rolls-out-stronger-shibarium-bridge-with-new-security-features/): Shiba Inu has rolled out a more secure version of the Shibarium Plasma Bridge, reinforcing the network’s BONE transfer system with two new safeguards; a blacklist mechanism and a seven-day withdrawal delay, designed to protect users, validators, and ecosystem liquidity from malicious activity. Bridge Reopens with New Safeguards The Shiba Inu development team confirmed the successful reactivation of the Plasma Bridge, a vital component connecting the Ethereum mainnet to Shibarium’s Layer-2 network. This bridge enables the movement of BONE tokens, the ecosystem’s gas and governance token, between the two chains. According to Shiba Inu developer Kaal Dhairya, the reopening followed - [Steak ‘n Shake Bitcoin Loyalty Reignites Debate Over Crypto Tribalism](https://news.shib.io/2025/10/14/steak-n-shake-bitcoin-loyalty-reignites-debate-over-crypto-tribalism/): Steak ‘n Shake reversed its plan to accept Ethereum payments after Bitcoin supporters threatened to boycott the chain, spotlighting crypto community influence. - [Ex-BitForex CEO Denies Ties to 100K BTC Whale in Fraud Scandal](https://news.shib.io/2025/10/14/ex-bitforex-ceo-denies-ties-to-100k-btc-whale-in-fraud-scandal/): EyeOnChain traced a Hyperliquid whale holding over 100,000 BTC to ex-BitForex CEO Garrett Jin, who denies ownership. The whale sold billions in BTC for ETH and opened a $735M short, while Jin holds 46,295 BTC (~$5.2B), highlighting rising scrutiny on large crypto holdings and on-chain trading activity. - [Battle Brews Over $6B Bitcoin Stash Seized From Chinese Bitcoin Ponzi Scheme](https://news.shib.io/2025/10/14/battle-brews-over-6b-bitcoin-stash-seized-from-chinese-bitcoin-ponzi-scheme/): Chinese investors defrauded in a $6B Bitcoin Ponzi scheme face legal hurdles recovering funds after the UK seized 61,000 BTC, now worth $7.4B. Courts may limit payouts to initial investments, and many victims struggle with digital finance, complicating claims. The case could influence future handling of large-scale crypto seizures. - [Hyperliquid Accuses Binance of Hiding Data in $20B Market Crash](https://news.shib.io/2025/10/14/hyperliquid-accuses-binance-of-hiding-data-in-20b-market-crash/): Hyperliquid founder Jeff Yan accused major centralized exchanges, including Binance, of concealing the full scale of user liquidations during last Friday’s market crash. Despite Binance pledging $283 million in user compensation, calls for transparency around the incident continue to rise. - [5 Things Crypto Users Should Know About Gas Fees and How They Work](https://news.shib.io/2025/10/14/5-things-crypto-users-should-know-about-gas-fees-and-how-they-work/): Gas fees are the invisible fuel that keeps blockchains running, paying miners and validators to process transactions securely. But they’re not fixed, gas prices rise and fall based on network demand, activity, and the blockchain you’re using. This article breaks down how gas fees work, why they fluctuate, and how users can lower costs through smart timing, Layer-2 networks like Shibarium, and simple wallet settings. - [Smart Contract Languages Explained: Code That Moves Millions](https://news.shib.io/2025/10/13/smart-contract-languages-explained-code-that-moves-millions/): Smart contract languages are the code behind blockchain automation, powering self-executing agreements that move assets without middlemen. They make DeFi, NFTs, and DAOs possible, with languages like Solidity, Rust, and Vyper leading the way in building faster, safer, and more transparent digital ecosystems. - [Binance Users Panic as Tokens Drop to $0 — But It Was All a Glitch](https://news.shib.io/2025/10/13/binance-users-panic-as-tokens-drop-to-0-but-it-was-all-a-glitch/): Binance clarified that several tokens appearing as $0 after Friday’s crypto market crash were due to a display glitch, not actual market losses, though the error triggered large liquidations and a broader $19B market impact. - [Sora 2 Deepfakes: Jake Paul Becomes the Face of AI Chaos](https://news.shib.io/2025/10/13/sora-2-deepfakes-jake-paul-becomes-the-face-of-ai-chaos/): Jake Paul has become the subject of viral deepfake videos on TikTok, generated using OpenAI’s Sora 2 app. Some clips show him coming out or giving makeup tutorials. While Paul has responded with humor and used the attention to promote a brand, others, including MrBeast and Zelda Williams, have voiced concerns over AI’s impact on creators, consent, and digital ethics. - [Trump May Pardon Binance Founder CZ as White House Weighs Backlash](https://news.shib.io/2025/10/13/trump-may-pardon-binance-founder-cz-as-white-house-weighs-backlash/): President Trump is reportedly considering pardoning Binance founder Changpeng “CZ” Zhao, whose 2024 felony conviction for a single anti-money laundering violation led to a four-month prison term and a $50 million fine. White House discussions are ongoing, with some advisers viewing the case as weak while others are concerned about optics due to Trump’s crypto ties. A pardon could influence U.S. crypto regulation and investor confidence. - [Crypto.com CEO Demands Probe After Massive $20B Crypto Market Crash](https://news.shib.io/2025/10/13/crypto-com-ceo-demands-probe-after-massive-20b-crypto-market-crash/): Crypto.com CEO Kris Marszalek has called for regulators to investigate major crypto exchanges after a $20 billion market crash wiped out leveraged positions, raising concerns about fairness, safeguards, and market stability. - [Jack Dorsey Pushes Tax Exemptions for BTC Payments Under $300 — Could SHIB Benefit?](https://news.shib.io/2025/10/11/jack-dorsey-pushes-tax-exemptions-for-btc-payments-under-300-could-shib-benefit/): Jack Dorsey is pushing for a de minimis tax exemption on small Bitcoin transactions to make the cryptocurrency practical for everyday purchases, while Senator Cynthia Lummis is supporting similar legislation. Currently, all BTC transactions are subject to capital gains tax, limiting its use for routine payments. If implemented, the move could boost everyday crypto adoption and encourage wider use of digital assets in commerce. - [Hood County Residents Push to Form New City Over Noise from MARA Holdings](https://news.shib.io/2025/10/11/hood-county-residents-push-to-form-new-city-over-noise-from-mara-holdings/): Residents of Hood County, Texas, are seeking to incorporate their neighborhood into the city of Mitchell Bend to enforce a noise ordinance after ongoing disruptions from MARA Holdings’ crypto mining facility. Despite mitigation efforts by the company, neighbors report persistent noise and related health issues, prompting a lawsuit and escalating tensions. - [MrBeast Sounds Alarm on AI: Millions of Creators Could Lose Their Livelihoods](https://news.shib.io/2025/10/11/mrbeast-sounds-alarm-on-ai-millions-of-creators-could-lose-their-livelihoods/): YouTube star MrBeast has raised concerns about artificial intelligence threatening creators’ livelihoods, as AI-generated videos surge across platforms like TikTok. His comments follow new AI tools from OpenAI and Meta, while creators, including ASMR artists, struggle to adapt and protect their work from automation. - [Russia Loses $120M a Year as Illegal Crypto Mining Drains Power and Taxes](https://news.shib.io/2025/10/11/russia-loses-120m-a-year-as-illegal-crypto-mining-drains-power-and-taxes/): Russia is losing an estimated $120 million annually in tax revenue due to illegal crypto mining, according to researcher Peter Fedorov. Authorities have intensified crackdowns, uncovering thousands of unlicensed mining sites and cases of electricity theft that strain power grids and the state budget. The surge in underground mining has sparked calls for stricter oversight and regulation. - [Oracles 101: How Blockchain Oracles Bridge Real-World Data and Apps](https://news.shib.io/2025/10/11/oracles-101-how-blockchain-oracles-bridge-real-world-data-and-apps/): Oracles are the bridges that connect blockchains to real-world data, enabling smart contracts to respond to events like prices, weather, or shipments. They come in different types, including software, hardware, inbound, and outbound oracles, and power practical applications such as DeFi, supply chain tracking, insurance, and gaming, transforming blockchains from isolated systems into interactive, real-world-ready platforms. - [Hardening The Core](https://news.shib.io/2025/10/10/hardening-the-core/) - [North Dakota Unveils Plan for State-Backed ‘Roughrider’ Stablecoin](https://news.shib.io/2025/10/09/north-dakota-unveils-plan-for-state-backed-roughrider-stablecoin/): North Dakota has launched Roughrider Coin, the first U.S. state-issued stablecoin, developed by Fiserv and the Bank of North Dakota. The move positions the state at the forefront of regulated digital currency innovation and signals a new phase in how governments engage with blockchain-based finance. - [Robin Williams’ Daughter Slams AI Videos of Her Dad: “It’s Not What He’d Want”](https://news.shib.io/2025/10/09/robin-williams-daughter-slams-ai-videos-of-her-dad-its-not-what-hed-want/): Zelda Williams, daughter of the late Robin Williams, has condemned AI-generated videos of her father, calling them disrespectful and against his wishes. Her comments come amid growing concerns in Hollywood over AI recreations of deceased individuals and digital performers like AI-generated actress Tilly Norwood. - [Trump Meme Coin Backers Seek $200M to Rescue Struggling Token Value](https://news.shib.io/2025/10/09/trump-meme-coin-backers-seek-200m-to-rescue-struggling-token-value/): Fight Fight Fight LLC, the startup behind Donald Trump’s official meme coin, is reportedly seeking to raise up to $200 million to repurchase the token after its value dropped nearly 90% from its peak. Led by Trump ally Bill Zanker, the effort reflects attempts to stabilize the coin amid internal disputes, market volatility, and ongoing political scrutiny surrounding Trump-linked crypto ventures. - [DeFi and CeFi: Exploring the Future of Finance Beyond Traditional Banks](https://news.shib.io/2025/10/09/defi-and-cefi-exploring-the-future-of-finance-beyond-traditional-banks/): DeFi and CeFi are transforming finance by offering different ways to manage, invest, and grow money. CeFi provides convenience, security, and support through centralized platforms, while DeFi gives users full control, transparency, and access to global financial opportunities. Understanding their differences helps users make smarter financial choices and explore modern finance safely. - [Kazakhstan Shuts 130 Illegal Crypto Exchanges, Seizes $16.7M in Assets](https://news.shib.io/2025/10/09/kazakhstan-shuts-130-illegal-crypto-exchanges-seizes-16-7m-in-assets/): Kazakhstan’s Financial Monitoring Agency closed 130 unlicensed crypto exchanges, seized $16.7 million, and uncovered 81 underground cash-out groups, introducing new rules to curb illicit crypto and anonymous ATM transactions. - [What Is a Genesis Block? The Foundation of Every Blockchain Explained](https://news.shib.io/2025/10/08/what-is-a-genesis-block-the-foundation-of-every-blockchain-explained/): Every blockchain begins with a Genesis Block, the very first block that sets the rules, starts the ledger, and sparks the entire decentralized revolution. From Bitcoin’s hidden message to Ethereum’s smart contract debut, each Genesis Block marks the birth of a new digital era built on trust, innovation, and possibility. - [SEC’s ‘Innovation Exemption’ Could Open New Doors for Shiba Inu](https://news.shib.io/2025/10/08/secs-innovation-exemption-could-open-new-doors-for-shiba-inu/): SEC Chair Paul Atkins confirmed plans for an “innovation exemption” to support U.S. digital asset firms, with formal rulemaking expected by late 2025 or early 2026. - [Swiss Regulator Probes FIFA World Cup NFTs for Gambling Risks](https://news.shib.io/2025/10/08/swiss-regulator-probes-fifa-world-cup-nfts-for-gambling-risks/): Switzerland’s gambling regulator Gespa has opened a preliminary probe into FIFA’s blockchain-based “Right-to-Buy” tokens, examining whether they comply with local laws or resemble gambling. The tokens let fans reserve the right to purchase 2026 World Cup tickets, with prices reflecting team odds, while FIFA has not been accused of wrongdoing. - [Bank of England Eases Up on Stablecoins in Bid to Stay Competitive](https://news.shib.io/2025/10/08/bank-of-england-eases-up-on-stablecoins-in-bid-to-stay-competitive/): The Bank of England is easing proposed stablecoin limits, allowing certain firms to hold larger amounts and back reserves with short-term government bonds, aiming to stay competitive while managing financial stability risks. - [Senator Lummis Says US Bitcoin Reserve Funding Could Begin Anytime](https://news.shib.io/2025/10/08/senator-lummis-says-us-bitcoin-reserve-funding-could-begin-anytime/): Senator Cynthia Lummis said the U.S. could begin funding its Strategic Bitcoin Reserve at any time under President Trump’s direction, but legislative hurdles are slowing progress. Treasury Secretary Scott Bessent confirmed the government is exploring budget-neutral ways to acquire Bitcoin, with seized BTC forming the reserve’s foundation. - [Vietnam’s Crypto Pilot Faces Silence as No Firms Step Forward](https://news.shib.io/2025/10/07/vietnams-crypto-pilot-faces-silence-as-no-firms-step-forward/): Vietnam’s crypto pilot program has yet to attract any business applicants, with strict regulations, high capital requirements, and a limited product scope slowing participation. - [Elon Musk to Launch Grokipedia, His AI Answer to Wikipedia Bias](https://news.shib.io/2025/10/07/elon-musk-to-launch-grokipedia-his-ai-answer-to-wikipedia-bias/): Elon Musk’s AI firm xAI plans to launch the early beta of Grokipedia, a Wikipedia competitor designed to tackle misinformation and offer a more accurate knowledge platform. - [Someone Just Bought 120B SHIB for $1.5M; New Whale Move or Something Bigger?](https://news.shib.io/2025/10/07/someone-just-bought-120b-shib-for-1-5m-new-whale-move-or-something-bigger/): A mystery trader claimed they just spent $1.5 million on 120 billion SHIB. The community wonders if this is a new whale move or a signal of something bigger ahead? - [Mexico’s ‘Anti-Meme Law’ Sparks Outrage Over Free Speech Limits](https://news.shib.io/2025/10/07/mexicos-anti-meme-law-sparks-outrage-over-free-speech-limits/): Mexican deputy Armando Corona Arvizu introduced the “Anti-Meme Law,” a proposed bill targeting memes, gifs, stickers, and edited content that could harm the reputation or dignity of public officials, sparking debate over potential impacts on free expression. - [How to Create a Crypto Wallet You Won’t Lose (or Forget Later)](https://news.shib.io/2025/10/07/how-to-create-a-crypto-wallet-you-wont-lose-or-forget-later/): A practical guide to building a secure crypto wallet setup, keeping seed phrases safe, and preventing lost access to your digital assets. - [Goldman Sachs Roundtable Reclaims IPO Spotlight in London](https://news.shib.io/2025/10/06/goldman-sachs-roundtable-reclaims-ipo-spotlight-in-london/): Chancellor Rachel Reeves and Goldman Sachs banker Anthony Gutman will co-host a private roundtable with tech and growth-sector leaders to boost London’s appeal as a destination for IPOs. The meeting aims to strengthen the UK’s position in global markets amid rising competition from other financial centers. - [GENIUS Act Could End Banks’ Low-Interest Game, Says Multicoin Exec](https://news.shib.io/2025/10/06/genius-act-could-end-banks-low-interest-game-says-multicoin-exec/): The GENIUS Act could shift retail deposits from traditional banks to stablecoins, with tech giants and fintech firms competing to offer higher yields, faster payments, and 24/7 services. Experts warn this may pressure banks to raise interest rates. - [Judge Rules Yuga Labs BAYC NFTs Aren’t Securities — A Win for Web3 Collectors](https://news.shib.io/2025/10/06/judge-rules-yuga-labs-bayc-nfts-arent-securities-a-win-for-web3-collectors/): A federal judge dismissed a lawsuit against Yuga Labs, ruling that its Bored Ape Yacht Club NFTs are not securities. The decision clarifies how U.S. law applies to digital collectibles, reinforcing that NFTs marketed for access or membership perks generally fall outside securities regulations. - [SBF Says His “Biggest Mistake” Was Handing FTX to New CEO Before Collapse](https://news.shib.io/2025/10/06/sbf-says-his-biggest-mistake-was-handing-ftx-to-new-ceo-before-collapse/): Sam Bankman-Fried, the jailed founder of FTX, said his “biggest mistake” was handing control of the exchange to John J. Ray III, claiming it stopped him from saving the company. Ray, a restructuring expert with no crypto background, led FTX into bankruptcy and cut off contact with Bankman-Fried as he worked to recover assets. - [The Blockchain Time Machine: Can On-Chain Records Preserve History Forever?](https://news.shib.io/2025/10/06/the-blockchain-time-machine-can-on-chain-records-preserve-history-forever/): On-chain records could preserve humanity’s history forever, storing data, art, and truth on the blockchain while raising new questions about what should last for eternity. - [Ted Cruz Blocks Privacy Bill, Sparking Debate Over Data, Crime, and Security](https://news.shib.io/2025/10/03/ted-cruz-blocks-privacy-bill-sparking-debate-over-data-crime-and-security/): Texas Senator Ted Cruz blocked two bipartisan privacy bills designed to protect Americans from data broker exposure, citing concerns they could hinder law enforcement and calling for further refinement. The debate emphasizing ongoing tensions between personal privacy and security amid rising data misuse and crypto-related crimes. - [India Orders 25 Crypto Exchanges Offline in Major AML Crackdown](https://news.shib.io/2025/10/03/india-orders-25-crypto-exchanges-offline-in-major-aml-crackdown/): India’s Financial Intelligence Unit has ordered 25 crypto exchanges offline for failing to comply with anti-money laundering rules, highlighting stricter regulatory oversight. - [Thailand to Launch More Crypto ETFs, Opening Doors for Wider Crypto Access](https://news.shib.io/2025/10/03/thailand-to-launch-more-crypto-etfs-opening-doors-for-wider-crypto-access/): Thailand’s SEC is preparing to allow multi-asset crypto ETFs, expanding beyond Bitcoin to strengthen the country’s digital finance position. - [Binance CEO Slams FT, Reuters & Forbes for ‘Tinfoil Hat’ Reporting](https://news.shib.io/2025/10/03/binance-ceo-slams-ft-reuters-forbes-for-tinfoil-hat-reporting/): Binance founder Changpeng “CZ” Zhao hit back at FT, Reuters, and Forbes, accusing them of biased reporting over questions linking Binance to a Trump-tied stablecoin. - [5 Interesting Ways Blockchain Technology Has Proved Surprisingly Useful](https://news.shib.io/2025/10/03/5-interesting-ways-blockchain-technology-has-proved-surprisingly-useful/): Blockchain is proving useful in unexpected ways, from authenticating wine and tracking wildlife to powering gaming economies and crowd-sourced weather data. - [Trump Picks Travis Hill to Lead FDIC, Crypto Rules in Spotlight](https://news.shib.io/2025/10/02/trump-picks-travis-hill-to-lead-fdic-crypto-rules-in-spotlight/): President Trump has formally nominated Travis Hill, who has served as acting FDIC chair since January, for a five-year term. Hill has issued guidance on crypto activities and addressed debanking concerns, while other key regulatory appointments, including the CFTC chair, remain pending, leaving U.S. crypto policy direction uncertain. - [UK Weighs Fate of $6.7B Bitcoin After Chinese Investment Fraud Guilty Plea](https://news.shib.io/2025/10/02/uk-weighs-fate-of-6-7b-bitcoin-after-chinese-investment-fraud-guilty-plea/): Zhimin Qian, a Chinese national, admitted to running a massive crypto investment fraud in China from 2014–2017, defrauding over 128,000 people. UK authorities seized 61,000 Bitcoin, worth about $6.7 billion, marking the largest crypto recovery in history. Qian fled to the UK and attempted to launder the stolen funds with an accomplice. Victims are pushing for compensation at today’s Bitcoin value, while UK officials debate how to manage the seizure without disrupting markets, with legal proceedings potentially continuing into 2027. - [House Republicans Probe Deleted Texts of Former SEC Chair Gensler](https://news.shib.io/2025/10/02/house-republicans-probe-deleted-texts-of-former-sec-chair-gensler/): House Republicans are investigating nearly a year of deleted text messages from former SEC Chair Gary Gensler, raising concerns over recordkeeping and oversight. - [SBI Crypto Hit by $21M Theft, Suspected Links to Lazarus Group Hackers](https://news.shib.io/2025/10/02/sbi-crypto-hit-by-21m-theft-suspected-links-to-lazarus-group-hackers/): Japanese mining firm SBI Crypto was hit by a $21M theft involving multiple cryptocurrencies. Analysts say the attack mirrors tactics used by North Korea’s Lazarus Group, with stolen funds laundered through Tornado Cash. SBI Crypto has yet to comment, drawing scrutiny over its silence. - [How to Collect NFTs Without Emptying Your Wallet or Breaking the Bank](https://news.shib.io/2025/10/02/how-to-collect-nfts-without-emptying-your-wallet-or-breaking-the-bank/): You don’t need to be wealthy to collect NFTs. From free drops and giveaways to fractional ownership and budget-friendly marketplaces, there are plenty of ways to start small, stay organized, and build a fun, affordable digital collection over time. - [SEC Explores Tokenization of Stocks — What It Could Mean for SHIB](https://news.shib.io/2025/10/01/sec-explores-tokenization-of-stocks-what-it-could-mean-for-shib/): The SEC is exploring the tokenization of stocks, allowing blockchain-based versions to trade on crypto platforms, signaling growing integration of digital assets with traditional finance. - [Ex-Deputy Pleads Guilty to Role in ‘Crypto Godfather’ Extortion Plot](https://news.shib.io/2025/10/01/ex-deputy-pleads-guilty-to-role-in-crypto-godfather-extortion-plot/): Ex-deputy Michael Coberg pleaded guilty to federal conspiracy charges for aiding crypto entrepreneur Adam Iza in extortion schemes and a staged drug arrest, highlighting law enforcement abuse of power and risks in handling digital assets. - [White House Pulls CFTC Nominee Brian Quintenz After Crypto Pushback](https://news.shib.io/2025/10/01/white-house-pulls-cftc-nominee-brian-quintenz-after-crypto-pushback/): Brian Quintenz’s nomination to chair the CFTC was withdrawn after concerns from the Winklevoss brothers and crypto pushback. The White House is now considering Michael Selig and Tyler Williams for the role. - [AI Actress Tilly Norwood Tests Boundaries Between Tech and Performance](https://news.shib.io/2025/10/01/ai-actress-tilly-norwood-tests-boundaries-between-tech-and-performance/): AI “actress” Tilly Norwood, created by Particle6 and debuting through Xicoia, has drawn criticism from SAG-AFTRA and Hollywood stars. The union argues Norwood isn’t a real actor, noting she was trained on human performances without consent. Creator Eline Van Der Velden defends Norwood as a new artistic tool, not a replacement for humans, while actors like Whoopi Goldberg and Emily Blunt voice concern over AI encroaching on human performance. - [Crypto Communities: Where Fandom Meets Digital Belonging](https://news.shib.io/2025/10/01/crypto-communities-where-fandom-meets-digital-belonging/): Crypto is more than prices and tokens. Crypto communities thrive as digital tribes, using memes, rituals, and shared identity to shape culture, influence, and belonging. - [SEC–CFTC Roundtable Confirms No Merger, Signals Impact on Crypto Market](https://news.shib.io/2025/09/30/sec-cftc-roundtable-confirms-no-merger-signals-impact-on-crypto-market/): The CFTC and SEC held their first joint roundtable in over ten years to discuss aligning cryptocurrency regulations, emphasizing cooperation rather than merging. - [Bitmain Chip Probe: Armed ICE Raid Hits Texas Bitcoin Mine](https://news.shib.io/2025/09/30/bitmain-chip-probe-armed-ice-raid-hits-texas-bitcoin-mine/): ICE and multiple federal agencies raided the Lonestar Dream Bitcoin mining facility in Pyote, Texas, detaining several ADW Tech workers as part of a probe into Bitmain-linked ASIC hardware, highlighting increasing U.S. regulatory scrutiny of crypto mining and related supply chains. - [South Korean City Targets Crypto Holders Over Unpaid Water Bills](https://news.shib.io/2025/09/30/south-korean-city-targets-crypto-holders-over-unpaid-water-bills/): Incheon City is piloting a program to seize cryptocurrency from residents with unpaid water bills over $360, while South Korea lifts a ban allowing crypto firms to be recognized as venture businesses, reflecting a shift toward integrating digital assets into everyday financial and regulatory frameworks. - [Jack Dorsey’s Bitchat Surges as Madagascar Protesters Go Offline](https://news.shib.io/2025/09/30/jack-dorseys-bitchat-surges-as-madagascar-protesters-go-offline/): Jack Dorsey’s decentralized app Bitchat is surging in Madagascar as protesters abandon government-controlled channels. Its offline, censorship-resistant design makes it a go-to tool during unrest, echoing similar spikes in Nepal and Indonesia. - [6 Web3 Jobs That Didn’t Exist 5 Years Ago (And Why They Matter)](https://news.shib.io/2025/09/30/6-web3-jobs-that-didnt-exist-5-years-ago-and-why-they-matter/): Web3 jobs are reshaping the future of work, turning what once felt like science fiction into real career paths. From NFT curators to virtual city designers, these roles spotlight how technology, culture, and opportunity are evolving together, opening doors to careers no one imagined just a few years ago. - [LEASH V2 Details Reveal Shiba Inu's New Security Playbook](https://news.shib.io/2025/09/29/leash-v2-details-reveal-shiba-inus-new-security-playbook/): The architecture for the upcoming LEASH V2 migration, featuring a "no-mint" contract and a unified audit plan, offers the first public look at the team's security-focused development playbook. - [SHIB ETF Path Clears Now; VP Warns on Market Risks](https://news.shib.io/2025/09/29/shib-etf-path-clears-now-vp-warns-on-market-risks/): The path for a Shiba Inu ETF is now clear following new SEC rules, though a 3iQ executive cautions the resulting flood of crypto products could create intense competition and investor confusion. - [Firedancer Team Floats Plan to Drop Solana Block Limit](https://news.shib.io/2025/09/29/firedancer-team-floats-plan-to-drop-solana-block-limit/): A new technical proposal from the Firedancer developers suggests removing Solana’s fixed “compute units per block” limit — an aggressive change aimed at letting the network scale with validator performance rather than an artificial cap. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Key Takeaways The idea, published as a Solana Improvement Document (SIMD), would allow block capacity to rise naturally as validators run faster hardware and clients pack transactions more efficiently. Backers say the current ceiling slows Solana during peak demand by forcing leaders to stop adding transactions once a block hits - [Singapore Takes the Crypto Crown, UAE Second - Study](https://news.shib.io/2025/09/29/singapore-takes-the-crypto-crown-uae-second-study/): Singapore and the United Arab Emirates (UAE) have emerged as the world’s most crypto-obsessed countries, according to a new comparative study compiled by ApeX Protocol. The analysis places Singapore first overall, with the UAE in second, based on a composite of ownership, adoption growth, search activity, and the availability of crypto ATMs. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Key Takeaways ApeX Protocol’s framework blends four signals of real-world engagement: how many people hold crypto, how quickly adoption is growing, how often residents search for crypto terms, and what infrastructure exists on - [Navigating the Fog](https://news.shib.io/2025/09/26/navigating-the-fog/) - [China Launches New Digital Yuan Hub in Shanghai to Challenge Dollar](https://news.shib.io/2025/09/26/china-launches-new-digital-yuan-hub-in-shanghai-to-challenge-dollar/): China’s central bank has opened a digital yuan hub in Shanghai to expand cross-border payments, blockchain services, and digital-asset platforms, signaling a push to increase the yuan’s global influence and challenge dollar-backed digital currencies. - [Oregon Man Pleads Guilty to Cocaine Sales and Crypto Money Laundering](https://news.shib.io/2025/09/26/oregon-man-pleads-guilty-to-cocaine-sales-and-crypto-money-laundering/): An Oregon man pleaded guilty to selling large quantities of cocaine and laundering the proceeds through business accounts and cryptocurrency investments. - [India Cracks Down on Digital Payments Fraud: What SHIB Holders Should Know](https://news.shib.io/2025/09/26/india-cracks-down-on-digital-payments-fraud-what-shib-holders-should-know/): India’s central bank has rolled out stricter digital payments rules, requiring dynamic authentication and holding issuers liable to curb fraud by 2026. - [Elon Musk’s xAI Sues OpenAI Over Alleged AI Trade Secret Theft](https://news.shib.io/2025/09/26/elon-musks-xai-sues-openai-over-alleged-ai-trade-secret-theft/): Elon Musk’s xAI has filed a lawsuit against OpenAI, accusing it of luring former employees and stealing trade secrets tied to its AI chatbot Grok. The case marks the latest escalation in Musk’s long-running feud with OpenAI, while xAI also faces a separate trademark dispute from Ethereum-based gaming network Xai. - [Tickets, Events, and Experiences: How Blockchain is Fighting Fraud](https://news.shib.io/2025/09/26/tickets-events-and-experiences-how-blockchain-is-fighting-fraud/): Blockchain is transforming ticketing for concerts, sports, and festivals by making every ticket secure, verifiable, and tamper-proof. Fans enjoy fair pricing, reduced stress, and guaranteed access, while organizers protect revenue and simplify distribution. Real-world examples like EXIT Festival show how blockchain prevents fraud and enhances the event experience for everyone. - [Crypto Millionaires Soar 40% — Could SHIB Ride the Institutional Wave?](https://news.shib.io/2025/09/25/crypto-millionaires-soar-40-could-shib-ride-the-institutional-wave/): The number of crypto millionaires has surged 40% to over 240,000, fueled by growing institutional adoption and a global crypto market valued above $3.3 trillion by mid-2025. - [Texas Brothers Charged in Minnesota Crypto Kidnapping and Theft Case](https://news.shib.io/2025/09/25/texas-brothers-charged-in-minnesota-crypto-kidnapping-and-theft-case/): Two Texas brothers have been charged with seven felonies after allegedly carrying out a crypto kidnapping in Minnesota, forcing a family at gunpoint to transfer at least $36,000 to an unknown cryptocurrency wallet. Police traced the suspects’ movements using evidence including a hidden AR-15, clothing, and a rental car, while the victim noted a potential link to a prior data breach, highlighting ongoing security concerns for crypto holders. - [Warren and Slotkin Call for Investigation Into US Officials Over UAE Ties](https://news.shib.io/2025/09/25/warren-and-slotkin-call-for-investigation-into-us-officials-over-uae-ties/): Senators Elizabeth Warren and Elissa Slotkin have called for investigations into David Sacks and Steve Witkoff over potential conflicts of interest involving World Liberty Financial. The lawmakers allege the pair pushed for sales of sensitive U.S. technology to the UAE while failing to disclose financial ties to the UAE’s national security advisor. They also flagged concerns about the use of WLF’s stablecoin to benefit senior officials, urging federal inspectors general to review the matter to protect national security and public interest. - [Vitalik Buterin Urges Open-Source Tech to Fix Health, Finance, Voting](https://news.shib.io/2025/09/25/vitalik-buterin-urges-open-source-tech-to-fix-health-finance-voting/): Ethereum co-founder Vitalik Buterin is calling for open-source, verifiable tech across healthcare, finance, and governance to prevent monopolies, boost security, and rebuild public trust in digital systems. - [Understanding Tokenomics: Why Some Tokens Grow and Others Don’t](https://news.shib.io/2025/09/25/understanding-tokenomics-why-some-tokens-grow-and-others-dont/): Tokenomics is explained as the economic blueprint behind every coin, shaping how it works, why it has value, and what keeps it alive. Key drivers of growth include limited supply, real utility, strong community support, and rewarding incentives. On the flip side, unlimited supply, weak use cases, and lack of trust often lead to failure. Recognizing red flags, green flags, and asking the right questions helps identify tokens built to last. - [FTX Recovery Trust Sues to Reclaim $1B SBF Funneled Into Mining Shares](https://news.shib.io/2025/09/24/ftx-recovery-trust-sues-to-reclaim-1b-sbf-funneled-into-mining-shares/): The FTX Recovery Trust has filed a lawsuit seeking to recover over $1 billion, alleging former CEO Sam Bankman-Fried improperly funneled funds into Genesis Digital Assets, spotlighting concerns over mismanagement and fraud in the crypto industry. - [SEC Pushes ‘Innovation Exemption’ to Fast-Track Crypto Products](https://news.shib.io/2025/09/24/sec-pushes-innovation-exemption-to-fast-track-crypto-products/): The SEC is developing an “innovation exemption” to simplify approval for digital-asset products, helping crypto firms launch offerings faster while modern rules are crafted. - [CZ Slams ‘False’ Report Claiming YZi Labs Seeks Outside Investors](https://news.shib.io/2025/09/24/cz-slams-false-report-claiming-yzi-labs-seeks-outside-investors/): Binance founder Changpeng “CZ” Zhao has challenged a report by the Financial Times that claimed his $10 billion investment firm, YZi Labs, is preparing to accept outside capital and external investors in response to growing demand. - [Trump Media Shuts Down Report of $3B Crypto Investment Plan](https://news.shib.io/2025/05/27/trump-media-shuts-down-report-of-3b-crypto-investment-plan/): Trump Media and Technology Group (TMTG), founded by President Donald Trump, has denied reports that it intends to raise $3 billion through equity and convertible bonds to invest in Bitcoin and other cryptocurrencies. The Financial Times recently claimed that Trump Media is preparing to raise the funds, citing information from six individuals said to be familiar with the discussions. In response, TMTG dismissed the report in sharply critical terms, accusing the publication of relying on unreliable sources and referring to its journalists as “dumb writers” taking cues from “even dumber sources.” The report indicated that Trump Media was allegedly preparing - [China Cracks Down on Fake Crypto Accounts Promoting Illegal Trading](https://news.shib.io/2025/05/27/china-cracks-down-on-fake-crypto-accounts-promoting-illegal-trading/): China’s internet regulator, the Cyberspace Administration, has reportedly closed more than a dozen fake crypto accounts and websites accused of disseminating false information about stock and cryptocurrency markets. According to Baidu, these social media accounts were spreading unlawful stock tips and making speculative claims about virtual currency trades. Specifically, the Weibo account “Love Stocks App” and the Douyin account “Value Discoverer” were accused of sharing misleading details regarding institutional transfer arrangements, financing, and margin trading. The WeChat public account “Captain Jack Macro Strategy” circulated false rumors concerning regulatory policies on quantitative funds. Meanwhile, the Baidu Baijia account “Northern Bear Cat” - [New Crypto Kidnapping Risk: Bitcoin Surge Fuels Physical Crimes](https://news.shib.io/2025/05/27/new-crypto-kidnapping-risk-bitcoin-surge-fuels-physical-crimes/): Crypto kidnapping is on the rise, as Bitcoin’s record-breaking surge fuels a chilling wave of physical crimes targeting digital asset holders. Across the U.S. and Europe, masked intruders, violent abductions, and ransom demands in Bitcoin are no longer rare headlines — they’re becoming part of a disturbing new trend. Once confined to the realm of digital scams and phishing, crypto theft has entered the real world. Victims — from high-profile executives to everyday traders — are being stalked, followed, and physically assaulted for access to their wallets. With Bitcoin soaring past historic highs in 2025, the stakes — and the - [X Money Launching Without Crypto Integration](https://news.shib.io/2025/05/27/x-money-launching-without-crypto-integration/): X Money will begin its beta rollout soon, marking a major step toward Elon Musk’s “everything app”—but there’s a notable omission: no crypto. Despite Musk’s vocal enthusiasm for digital assets like Dogecoin, the new payment system launches with only traditional fiat options, and no sign of crypto integration. “This will be a very limited access beta at first,” Musk stated Sunday, emphasizing that “when people’s saving[s] are involved, extreme care must be taken.” The cautious tone suggests that while the fintech dream is moving forward, crypto remains on the sidelines—for now. X Money Takes Shape, Crypto Question Lingers The development - [Blockchain for Digital Identity: How It’s Changing the Game](https://news.shib.io/2025/05/27/blockchain-for-digital-identity-how-its-changing-the-game/): Let’s be real—most of us juggle way too many usernames and passwords. One for your email, five for social media, three more for streaming, shopping, and that one weird app you used once and forgot. Sound familiar? That’s the current state of digital identity for most people: a scattered mess of logins, personal info spread across the internet, and a whole lot of trust placed in companies we barely know. And here’s the thing—those companies don’t always keep our info safe. Data breaches happen. Hackers get in. Our emails, birthdays, even credit card numbers can end up floating around the - [ShibaSwap Maintains High Security Score on CertiK's Skynet Platform](https://news.shib.io/2025/05/26/shibaswap-maintains-high-security-score-on-certiks-skynet-platform/): ShibaSwap, the official decentralized exchange platform of Shiba Inu, holds its ground as a fortress of DeFi security, maintaining a top-tier score on CertiK’s real-time Skynet platform — even as threats across the crypto space continue to evolve. Skynet Score Highlights Robust Defenses The detailed metrics visible on CertiK’s Skynet, a security intelligence engine known for its thorough analysis and often providing continuous monitoring, highlight ShibaSwap’s sustained performance in several key areas. The platform shows particular strength in Community and Governance, both categories currently displaying impressive scores of 98.00.  Market stability also reflects a high score at 96.00. These figures - [Shiba Inu Price Could Be On Its Way To Stunning Path to 450% Surge](https://news.shib.io/2025/05/26/shiba-inu-price-could-be-on-its-way-to-stunning-path-to-450-surge/): The Shiba Inu price, tracked intently by a fervent online community, could be on the verge of a staggering 450 percent climb, as one analyst deciphers bullish omens hidden within its charts. The eye-catching prediction surfaced from JavonTM1, a cryptocurrency analyst who shares his findings on social media platform X (formerly Twitter). He presented a price chart for SHIB, Shiba Inu’s trading symbol, annotated with technical patterns that, in his view, spell out a significant upward trajectory. The chart itself tells a story, a visual chronicle of the coin’s recent struggles and what might be a nascent recovery. For a - [Vitalik Buterin: Ethereum Needs Privacy and Strength to Replace Cash](https://news.shib.io/2025/05/26/vitalik-buterin-ethereum-needs-privacy-and-strength-to-replace-cash/): Ethereum co-founder Vitalik Buterin has emphasized that maintaining resilience and privacy is essential for Ethereum to remain competitive against cash, especially as Nordic countries increasingly revert to cash usage. In a recent post on X, Buterin noted a report indicating that Nordic countries are shifting back to cash amid concerns over the vulnerabilities of centralized digital payment systems. “Cash turns out necessary as a backup,” Buterin wrote. “Ethereum needs to be resilient enough, and private enough, to be able to credibly play this kind of role,” he added. Norway and Sweden were among the earliest nations to embrace the concept - [Scammers Use Fake Ledger Letters to Steal Crypto Wallet Info](https://news.shib.io/2025/05/26/scammers-use-fake-ledger-letters-to-steal-crypto-wallet-info/): Hardware wallet manufacturer Ledger has emerged as the latest target for scammers, who are sending counterfeit letters via traditional mail to cryptocurrency holders, falsely urging them to verify their wallets or face the potential loss of access to their funds. The phishing scheme first came to light after BitGo CEO Mike Belshe raised the alarm in a post on X, sharing an image of the deceptive letter. The document reportedly featured a QR code, which may redirect unsuspecting users to a malicious site aimed at harvesting private keys. “This is a phishing attempt through the US Post Office,” wrote BitGo - [French Court Blocks Pavel Durov Travel Amid Telegram Crime Scandals](https://news.shib.io/2025/05/26/french-court-blocks-pavel-durov-travel-amid-telegram-crime-scandals/): Telegram founder Pavel Durov has been denied permission to travel to Norway by a French court, preventing him from attending the Oslo Freedom Forum, where he was scheduled to speak at a global gathering of human rights activists. According to a blog post by the Human Rights Foundation (HRF), a nonpartisan nonprofit organization, Durov had been invited to deliver a keynote address on May 27, focusing on issues of free speech, surveillance, and digital rights.  In addition to the scheduled speech, HRF and Durov had arranged a series of sideline meetings with human rights defenders from authoritarian regimes to explore - [Crypto Investor John Woeltz Arraigned in Brutal Bitcoin Ransom Kidnapping](https://news.shib.io/2025/05/26/crypto-investor-john-woeltz-arraigned-in-brutal-bitcoin-ransom-kidnapping/): Crypto investor John Woeltz has been arraigned in Manhattan criminal court on charges of kidnapping and repeatedly assaulting an Italian tourist in an alleged attempt to extract the victim’s Bitcoin password. According to The New York Times, Woeltz was taken into custody on Friday after the alleged victim escaped and alerted authorities. Investigators reportedly discovered Polaroid photographs inside Woeltz’s residence that appeared to document the acts of torture. Reports indicated that Woeltz, along with two alleged accomplices, detained and tortured the Italian tourist after seizing the victim’s electronic devices and passport. The abuse reportedly began and escalated over several weeks - [Crypto and Blockchain 101: A Smart Beginner’s Guide for Teens](https://news.shib.io/2025/05/26/crypto-and-blockchain-101-a-smart-beginners-guide-for-teens/): Alright, let’s start with the basics. Cryptocurrency is a type of digital money that you can use to buy stuff or trade online — but unlike the cash in your wallet or coins in your piggy bank, it’s completely digital. When we talk about crypto and blockchain, cryptocurrency is the star player. It’s money that lives on the internet, protected by really smart math and computer code. You’ve probably heard of Bitcoin — it’s the very first and most famous cryptocurrency. Think of Bitcoin like digital gold. Then there’s Ethereum, another big name, which is a bit more than just - [Senators Push to Block Trump From Profiting Off GENIUS Act](https://news.shib.io/2025/05/23/senators-push-to-block-trump-from-profiting-off-genius-act/): Democratic Senators have prepared to introduce an amendment to the recently advanced GENIUS Act in the Senate, aiming to address President Donald Trump’s ties to the cryptocurrency sector. Senate Minority Leader Chuck Schumer, along with Senators Jeff Merkley and Elizabeth Warren, are reportedly set to introduce an amendment to the GENIUS Act aimed at preventing the U.S. president and other officials from financially benefiting from stablecoins. According to Axios, the proposed measure comes as the Guiding and Establishing National Innovation for US Stablecoins Act, widely referred to as the GENIUS Act cleared a key hurdle on May 20, after initially - [AIxCrypto: Convergence or Collision](https://news.shib.io/2025/05/23/https-magazine-shib-io-article-aixcrypto-convergence-or-collision/): Read the latest edition of The Shib Magazine here. - [US Tourist Drugged by Fake Uber, Suffers $123K in Crypto Theft](https://news.shib.io/2025/05/23/us-tourist-drugged-by-fake-uber-suffers-123k-in-crypto-theft/): An American tourist in the United Kingdom has reportedly fallen victim to a crypto theft, in which a suspected fake Uber driver drugged the individual and stole $123,000 in Bitcoin. According to the British news outlet My London, Jacob Irwin-Cline requested an Uber after consuming several drinks at a London bar. However, Cline did not carefully verify the ride details on his phone and was instead picked up by a private cab driver. Although the driver initially appeared similar to the Uber driver, Cline only realized the vehicles were different after the incident had taken place. During the ride, the - [CFTC May Approve Crypto Perpetual Futures Amid Leadership Shakeup](https://news.shib.io/2025/05/23/cftc-may-approve-crypto-perpetual-futures-amid-leadership-shakeup/): Summer Mersinger, a Commissioner of the Commodity Futures Trading Commission (CFTC) has indicated that the agency may be on the verge of approving crypto perpetual futures products in the U.S., as internal leadership changes continue to unfold. “I think those can come to market now, and we’re seeing some applications, and I believe we’ll have some of those products trading live very soon,” Mersinger stated in an interview on Thursday with Bloomberg TV.  Mersinger added that introducing these products could offer significant advantages not only for the broader cryptocurrency sector but also for the U.S. economy as a whole. Perpetual - [Unicoin Execs Charged by SEC Over $100M Crypto Fraud Scheme](https://news.shib.io/2025/05/23/unicoin-execs-charged-by-sec-over-100m-crypto-fraud-scheme/): The U.S. Securities and Exchange Commission (SEC) has accused crypto firm Unicoin, Inc. and three senior executives of deceiving investors with false claims tied to certificates allegedly linked to future crypto asset payouts. According to a press release from the Commission, Unicoin allegedly misled investors through the promotion of certificates that were said to grant rights to receive Unicoin tokens—a form of crypto asset—as well as through an offering of the company’s common stock. “We allege that Unicoin and its executives exploited thousands of investors with fictitious promises that its tokens, when issued, would be backed by real-world assets including - [Blockchain and Smart Contracts: Trust in a Trustless World](https://news.shib.io/2025/05/23/blockchain-and-smart-contracts-trust-in-a-trustless-world/): Picture this: You’re selling your old laptop online. You find a buyer, agree on a price, and shake virtual hands. But wait—how do you know they’ll actually send the money after getting the laptop? And how do they know you won’t just ghost them once they pay? Normally, you’d need middlemen—maybe a payment processor or even a lawyer. But with smart contracts, you can skip all that. These blockchain-powered agreements execute themselves, making sure both sides hold up their end of the deal—automatically. Now imagine a world where deals like that could go through without delays, third parties, or trust - [Hong Kong Approves Stablecoin Bill, Licensing to Start by Year-End](https://news.shib.io/2025/05/22/hong-kong-approves-stablecoin-bill-licensing-to-start-by-year-end/): The Legislative Council of Hong Kong has approved the Stablecoin Bill in its third reading, paving the way for major institutions to apply to the Hong Kong Monetary Authority for licenses to issue stablecoins by year-end. On May 21, Legislative Council member Johnny Ng Kit-Chong noted in an X post that the bill’s approval represents a key milestone in advancing Web3 globally and positions the country to emerge as a leading international hub for Web3 innovation. Ng emphasized that Hong Kong’s stablecoins are fully backed by fiat currency reserves and encouraged global businesses and institutions interested in issuing stablecoins to - [Texas Moves Closer to Creating Its Own Bitcoin Reserve Fund](https://news.shib.io/2025/05/22/texas-moves-closer-to-creating-its-own-bitcoin-reserve-fund/): The Texas House of Representatives has advanced Senate Bill 21 with a 101-42 vote on its third reading, bringing the state one step closer to creating an official Bitcoin reserve. If signed into law, the measure would authorize the Texas comptroller to oversee the reserve. The proposed legislation aiming to create a strategic Bitcoin reserve in Texas is now headed to Governor Greg Abbott’s desk, where he will decide whether to sign it into law or issue a veto.  If signed into law, SB 21 would authorize Texas Comptroller Glenn Hegar to invest in cryptocurrencies that have maintained a market - [Apple Teams with Synchron to Bring Mind-Control to iPhones and iPads](https://news.shib.io/2025/05/22/apple-teams-with-synchron-to-bring-mind-control-to-iphones-and-ipads/): Tech juggernaut Apple Inc. has teamed up with neurotechnology firm Synchron to pioneer innovative products like iPhones and iPads that could eventually be operated through brain implants, signaling a bold step toward integrating cutting-edge neural interfaces with everyday devices. This initiative is focused on helping individuals with physical disabilities control their Apple devices using thought commands. The technology leverages Synchron’s stent-like implant, which is positioned on the motor cortex of the brain, enabling seamless interaction with iPhones and iPads through neural signals. The device, known as Stentrode, captures motor signals from the brain and sends them wirelessly to an external - [KFC’s Driverless Food Trucks Serve Hot Meals With Zero Staff](https://news.shib.io/2025/05/22/kfcs-driverless-food-trucks-serve-hot-meals-with-zero-staff/): Kentucky Fried Chicken (KFC), the globally recognized fast-food giant known for its “Finger Lickin’ Good” chicken, has deployed driverless food trucks in China as part of its push toward tech-powered convenience. Amid the global COVID-19 pandemic, businesses worldwide sought innovative, contactless service solutions to minimize physical interaction. KFC responded by deploying driverless food trucks, allowing customers to place orders via touchscreen and complete payments using QR codes.  The driverless food trucks, developed by Chinese tech firm Neolix, are equipped with built-in heaters and stocked with freshly prepared KFC meals. Once a customer completes payment, the vehicle’s compartment door automatically opens, - [Web3 Security: How to Safeguard Your Data and Digital Assets](https://news.shib.io/2025/05/22/web3-security-how-to-safeguard-your-data-and-digital-assets/): Welcome to the world of Web3 security —your new best friend in the next generation of the internet. Web3 is shaking things up by giving users control over their own data and digital assets, cutting out the middlemen like big tech companies and centralized platforms.  Think of it as the internet’s evolution, where blockchains and decentralized apps (dApps) power everything from finance to social media, making your online experience more private and secure—if you know how to protect yourself.  But with this freedom comes a new set of challenges. Unlike the old internet, where companies mostly handled security for you, - [Binance Moves to Dismiss $1.76B FTX Lawsuit, Blames SBF Fraud](https://news.shib.io/2025/05/21/binance-moves-to-dismiss-1-76b-ftx-lawsuit-blames-sbf-fraud/): Crypto exchange Binance has moved to dismiss a $1.76 billion lawsuit brought by now-defunct crypto exchange FTX, arguing that the claims unjustly hold the company and its former CEO, Changpeng Zhao, responsible for FTX’s collapse. In a May 16 filing submitted to the Delaware Bankruptcy Court, Binance’s lawyers described the lawsuit as “legally deficient,” arguing that FTX’s downfall stemmed from internal mismanagement and misconduct rather than any alleged market manipulation or hostile actions by Binance. “Plaintiffs allege that a series of November 2022 “Tweets”—posted on the accounts of Binance’s former CEO, Defendant Changpeng Zhao, and the “@binance” account, in the - [Hester Peirce Says Many NFTs Don’t Meet Securities Criteria](https://news.shib.io/2025/05/21/many-nfts-dont-meet-securities-criteria-hester-peirce/): U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce has stated that many non-fungible tokens (NFTs) don’t carry the economic rights typical of securities, amid ongoing debates over how to regulate digital assets. At the SEC Speaks event on May 19, the head of the SEC’s Crypto Task Force noted that while most NFTs may not meet the definition of securities, some tokens structured to provide ongoing compensation to creators could potentially fall outside the purview of federal securities regulations. “These NFTs are powered by smart contracts, which can be programmed to transmit automatically a portion of the sale price - [Won-Backed Stablecoin Proposed by South Korean Presidential Frontrunner](https://news.shib.io/2025/05/21/won-backed-stablecoin-proposed-by-south-korean-presidential-frontrunner/): South Korean presidential candidates have expressed a desire to strengthen cryptocurrency policies, with plans that include introducing a won-backed stablecoin to help position digital assets as a key driver of future economic growth and bridge digital finance with traditional markets. According to a report by The Korea Herald, Democratic Party of Korea presidential candidate Lee Jae-myung, who is currently leading in the polls, proposed the development of a won-backed stablecoin market. Lee frames this initiative as a strategic measure to curb capital outflows and strengthen the domestic digital finance ecosystem.  “We need to establish a won-backed stablecoin market to prevent - [Indian Supreme Court Pressures Government to Draft Crypto Regulations](https://news.shib.io/2025/05/21/indian-supreme-court-pressures-government-to-draft-crypto-regulations/): The Indian Supreme Court has questioned the central government for its continued inaction on regulating cryptocurrencies, warning that the lack of a clear legal framework has enabled widespread misuse and uncertainty in the sector. India’s Supreme Court raised concerns over the lack of a regulatory framework for cryptocurrencies, even as the government continues to tax digital assets like Bitcoin (BTC). According to a report by Bar and Bench, Justices Surya Kant and NK Singh stated that while an outright ban on cryptocurrencies may not be economically prudent, there is a pressing need for clear regulations and supervisory mechanisms to address - [Metaverse Investing: Big Opportunities, Real Risks to Consider](https://news.shib.io/2025/05/21/metaverse-investing-big-opportunities-real-risks-to-consider/): Metaverse investing is blowing up—and not just among crypto bros and tech geeks. From Wall Street to Silicon Valley, everyone’s buzzing about the metaverse: a digital universe where people can buy virtual land, rock designer NFTs, attend concerts, and even build virtual businesses. It’s part game, part social network, part sci-fi dream—and it’s quickly becoming one of the hottest spaces for investors to explore. So why all the hype? Tech giants see the metaverse as the next big thing after the internet itself. Investors are eyeing everything from digital real estate to virtual fashion to tokens that power these online - [SEC Chair Atkins Says Crypto Markets Have Long Been in Regulatory Limbo](https://news.shib.io/2025/05/20/sec-chair-atkins-says-crypto-markets-have-long-been-in-regulatory-limbo/): Paul Atkins, newly appointed Chair of the U.S. Securities and Exchange Commission (SEC), has addressed regulatory concerns surrounding the cryptocurrency sector in a recent speech. In prepared remarks at the SEC Speaks conference, Atkins signaled a shift in the agency’s approach to digital assets, declaring it “a new day” for the crypto industry under his leadership. He emphasized the Commission’s willingness to adapt to emerging technologies while remaining consistent with its statutory obligations. “The crypto markets have been languishing in SEC limbo for years,” Atkins stated. Atkins also revealed that he has instructed staff across the SEC’s policy divisions to - [Senate Advances GENIUS Act to Regulate $250B Stablecoin Market](https://news.shib.io/2025/05/20/senate-advances-genius-act-to-regulate-250b-stablecoin-market/): The U.S. Senate has cleared a key procedural hurdle for the GENIUS Act, voting 66-32 to advance the stablecoin regulation bill to floor debate, following initial resistance from Democratic lawmakers citing conflicts tied to former President Donald Trump’s crypto activities. The GENIUS Act cleared a procedural vote in the U.S. Senate on May 19. Democratic Senators Mark Warner, Ruben Gallego, and Adam Schiff reversed their earlier positions and voted in favor of advancing the GENIUS Act, helping secure the necessary support to invoke cloture. On May 8, the Senate held its initial cloture vote on the GENIUS Act, during which - [Coinbase Hack Triggers DOJ Probe Into $400M Data Breach](https://news.shib.io/2025/05/20/coinbase-hack-triggers-doj-probe-into-400m-data-breach/): The U.S. Department of Justice (DOJ) has reportedly launched an investigation into Coinbase Global’s contracted customer service representatives in India, following allegations that some agents accepted bribes to grant criminals unauthorized access to user data, leading to multiple social engineering attacks. According to a report by Bloomberg, DOJ investigators are probing a data breach involving customer support contractors who misused their system access to steal account information from a limited number of customers. The contractors involved have since been terminated. “We have notified and are working with the DOJ and other US and international law enforcement agencies and welcome law - [Circle Weighs $5B Sale to Coinbase or Ripple Amid IPO Uncertainty](https://news.shib.io/2025/05/20/circle-weighs-5b-sale-to-coinbase-or-ripple-amid-ipo-uncertainty/): Circle Internet Group, the company behind the USDC stablecoin, has reportedly engaged in “informal talks” with major crypto firms Ripple Labs and Coinbase Global about a potential acquisition, even as it continues preparations for an initial public offering (IPO). The talks come amid shifting market dynamics and growing competition in the stablecoin space. According to a report by Fortune, four banking and private equity sources have indicated that Circle is aiming for a sale valuation of at least $5 billion, which aligns with the company’s target for its upcoming IPO. On April 30, Ripple reportedly made a bid to acquire - [Web3 and the Creator Economy: Powering Creators & Communities](https://news.shib.io/2025/05/20/web3-and-the-creator-economy-powering-creators-communities/): Welcome to the world of Web3 — the next big leap for the internet that’s shaking things up for creators everywhere. If you’ve ever dreamed of being your own boss, sharing your art, music, or ideas with fans, and actually getting paid fairly for it, then you’re already part of the creator economy. This booming movement is all about people turning their passions into careers, but there’s a new player making waves: Web3. So, what exactly is Web3? Think of it as the internet’s cooler, more independent cousin. Unlike the old internet where big companies called most of the shots, - [Shibarium Builder Spotlight: Tutti Frutti Women Crafts Hope from Art and Code](https://news.shib.io/2025/05/19/shibarium-builder-spotlight-tutti-frutti-women-crafts-hope-from-art-and-code/): A project named Tutti Frutti Women is making its mark on Shibarium, not with market hype, but with a mission rooted in grief and ignited by love. This Shibarium Builder Spotlight illuminates their work: an NFT collection channeling art into real-world support for cancer warriors. Andreia, co-founder alongside Robi, saw Shibarium as a natural fit. “I’ve been part of the Shib fam for many years,” she said. The project, first on Ethereum, brought its colorful digital art to Shibarium in January 2024. For Andreia, it’s deeply personal. The collection was “born from the heart—to cherish cancer warriors and honor our - [Panama City Mayor Teases Bitcoin Reserve After El Salvador Meeting](https://news.shib.io/2025/05/19/panama-city-mayor-teases-bitcoin-reserve-after-el-salvador-meeting/): Mayer Mizrachi, mayor of Panama City, has seemingly expressed support for creating a city-level Bitcoin reserve after meeting with two of El Salvador’s leading Bitcoin policy officials this week. In a brief post on X, Mizrachi wrote “Bitcoin Reserve” following his meeting with prominent Bitcoin advocates Max Keiser and Stacy Herbert. He did not provide further details about the discussion. The timing of Mizrachi’s post is notable, coming just over a week before the Bitcoin 2025 conference in Las Vegas, where he is slated to deliver a speech.  On April 15, 2025, the Panama City Council approved a measure allowing - [Binance and Kraken Thwart Coinbase-Style Phishing Attacks](https://news.shib.io/2025/05/19/binance-and-kraken-thwart-coinbase-style-phishing-attacks/): Crypto exchanges Binance and Kraken have reportedly fallen victim to phishing attacks similar to those recently targeting Coinbase, raising concerns over growing cybersecurity threats in the cryptocurrency sector. According to a Bloomberg report, the crypto exchanges confirmed that no customer data was compromised during these attacks. Robust internal security measures played a key role in preventing any breaches. The report also revealed that, in a filing with the U.S. Securities and Exchange Commission (SEC), Coinbase disclosed that cybercriminals had bribed offshore customer service agents to obtain access to user data and account management information. Coinbase disclosed that the attackers aimed - [Telegram CEO Pavel Durov Rejects EU Pressure to Censor Election Content](https://news.shib.io/2025/05/19/telegram-ceo-pavel-durov-rejects-eu-pressure-to-censor-election-content/): Pavel Durov, founder of the cloud-based messaging app Telegram, has revealed that he has resisted demands from a European Union (EU) country to censor political content on the platform before Romania’s presidential elections on May 18. “Telegram will not restrict the freedoms of Romanian users or block their political channels,” Durov stated in a post on X, revealing that Telegram was contacted by an unnamed EU country—hinted at with a baguette emoji—to request censorship. Durov further emphasized that one cannot “defend democracy” by destroying democracy. “You can’t “fight election interference” by interfering with elections. You either have freedom of speech - [UK to Require Crypto Firms to Report All Transactions by 2026](https://news.shib.io/2025/05/19/uk-to-require-crypto-firms-to-report-all-transactions-by-2026/): The UK government has introduced new guidelines requiring crypto firms to collect and report detailed data on all customer trades and transfers, aiming to enhance transparency and improve tax compliance within the sector. According to a guidance issued by HM Revenue and Customs (HMRC), the mandatory collection of user and transaction data by crypto firms will take effect on January 1, 2026. However, the government is encouraging companies to begin gathering this information in advance to ensure a smooth transition to the new reporting requirements. Crypto firms will be required to collect and report detailed information for each transaction, including - [Crypto Taxes: A Guide to Filing Your Taxes](https://news.shib.io/2025/05/19/crypto-taxes-a-guide-to-filing-your-taxes/): If you’re involved in cryptocurrencies like Bitcoin or Ethereum, it’s important to understand how crypto taxes work. Just like with regular money, the government expects you to report certain crypto activities so taxes can be calculated properly. Knowing the basics about crypto taxes will help you avoid unexpected issues and make filing your taxes smoother. Anyone who buys, sells, trades, or earns cryptocurrency usually needs to report these activities on their tax returns. Even if you’re just using crypto to pay for things or receiving it as income, it might count for tax purposes. In simple terms, a taxable event - [Coinbase Fires Support Agents Linked to Data Leak and Crypto Scams](https://news.shib.io/2025/05/16/coinbase-fires-support-agents-linked-to-data-leak-and-crypto-scams/): Crypto exchange Coinbase has reportedly terminated several Indian customer support agents following allegations that they were involved in a social engineering scheme that gave bad actors unauthorized access to customer accounts. According to Fortune, Coinbase Chief Security Officer Philip Martin revealed that the company identified and flagged certain third-party customer support contractors suspected of granting scammers unauthorized access to user data. “Criminals targeted our customer support agents overseas. They used cash offers to convince a small group of insiders to copy data in our customer support tools for less than 1% of Coinbase monthly transacting users,” the crypto exchange shared - [Gary Gensler Backed Crypto in Private, Says Former Rep. Patrick McHenry](https://news.shib.io/2025/05/16/gary-gensler-backed-crypto-in-private-says-former-rep-patrick-mchenry/): Former Representative Patrick McHenry has revealed that Gary Gensler, former chair of the U.S. Securities and Exchange Commission (SEC), privately expressed support for cryptocurrency—even as his public actions painted a far more hostile picture. In a May 13 episode of the Crypto in America podcast, McHenry stated that Gensler conveyed a more nuanced perspective on digital assets in private than his public comments suggested. When asked whether the former SEC chair was as openly critical of crypto behind closed doors as he appeared in public, McHenry responded succinctly, “Nope.” McHenry noted that during his tenure at Massachusetts Institute of Technology - [Cryopreservation Startup Freezes Bodies, Promises Future Revival](https://news.shib.io/2025/05/16/cryopreservation-startup-freezes-bodies-promises-future-revival/): German biotech startup, Tomorrow Bio, has launched cryopreservation services that promise to preserve the human body after death in hopes of a future revival—reigniting age-old dreams of immortality with a modern, high-tech twist. The biotech startup is transforming a long-standing sci-fi concept into a scientific endeavor. The company offers cryopreservation services that involve cooling the body to ultra-low temperatures shortly after legal death, with the aim of preserving it until future medical technologies may allow for revival and treatment. Cryopreservation at Tomorrow Bio involves rapidly cooling the human body to approximately -198 degrees Celsius, initiating a state known as “biostasis.” - [Elon Musk Foresees Humanoid Robots Rising—and AI Risks Ahead](https://news.shib.io/2025/05/16/elon-musk-foresees-humanoid-robots-rising-and-ai-risks-ahead/): Tesla CEO Elon Musk has said the future will be filled with humanoid robots —possibly in the tens of billions—arguing they could reshape the global economy and become a dominant force in everyday life. Speaking at the U.S.-Saudi Investment Forum in Riyadh on Tuesday, Musk suggested that personal humanoid robots could become so advanced and widespread that individuals may eventually desire one of their own. “You can think of it like having your own personal C-3PO or R2-D2 — but even better,” Musk said, referring to the lovable “Star Wars” characters. According to Business Insider, Musk stated that the rapid - [Shibarium Builder Spotlight: Positions Exchange Debuts Perp Trading](https://news.shib.io/2025/05/15/shibarium-builder-spotlight-positions-exchange-debuts-perp-trading/): A new era for advanced trading on Shibarium is dawning as Positions Exchange makes its official debut. This Shibarium Builder Spotlight focuses on its launch, bringing a native perpetual contracts platform live on the testnet, designed to offer leveraged trading exclusively within the ecosystem. Perpetual contracts, which allow traders to speculate on asset prices with leverage, represent a sophisticated segment of the cryptocurrency market. According to Chandan Kumar, representing the Positions Exchange team, Shibarium had previously lacked a dedicated, native infrastructure for such financial instruments. “Positions Exchange is a native perpetual DEX on Puppynet (Shibarium testnet) that enables leveraged trading - [FDA, OpenAI in Talks on AI Drug Review Amid Oversight Concerns](https://news.shib.io/2025/05/15/fda-openai-in-talks-on-ai-drug-review-amid-oversight-concerns/): OpenAI has engaged in discussions with the U.S. Food and Drug Administration (FDA) regarding the agency’s efforts to expand its use of artificial intelligence (AI) to accelerate drug evaluations, amid broader plans to integrate AI more widely across its centers. OpenAI and the U.S. Food and Drug Administration have reportedly been in discussions over a potential AI initiative known as “cderGPT,” according to Wired. The tool is said to be designed for the FDA’s Center for Drug Evaluation, with the goal of exploring how artificial intelligence might support the agency’s efforts to streamline drug review and approval processes. FDA Commissioner - [French Minister Calls Crypto Security Meeting After Kidnapping Attempt](https://news.shib.io/2025/05/15/french-minister-calls-crypto-security-meeting-after-kidnapping-attempt/): France’s Interior Minister, Bruno Retailleau, has announced plans to meet with cryptocurrency professionals this Friday to address rising security concerns following a recent kidnapping attempt and other crimes linked to the crypto sector. The meeting was prompted by a recent attempted abduction involving the daughter and grandson of Pierre Noizat, CEO and co-founder of the crypto exchange platform Paymium. As reported by France 24, Retailleau is scheduled to meet with members of the cryptocurrency industry to explore additional measures aimed at preventing ransom-related kidnappings, following a series of high-profile incidents across France. “I will assemble businesspeople working in cryptocurrencies, and - [GENIUS Act Revival Backed by Brian Armstrong, 60 Crypto Execs](https://news.shib.io/2025/05/15/genius-act-revival-backed-by-brian-armstrong-60-crypto-execs/): Coinbase CEO Brian Armstrong signaled that the U.S. Senate may soon revisit the GENIUS Act, a proposed bill aimed at regulating stablecoins, after it failed to gain enough support in an initial vote on May 8. In a May 14 X post, Armstrong shared that nearly 60 cryptocurrency founders had traveled to Washington, DC, to advocate for the Senate’s consideration of the GENIUS Act, a market structure bill also progressing through the House of Representatives. Their presence emphasizes the growing involvement of the crypto community in shaping upcoming legislation. Armstrong suggested that the Senate may hold another vote on the - [Yuga Labs Sells CryptoPunks to Infinite Node Foundation for $20M](https://news.shib.io/2025/05/15/yuga-labs-sells-cryptopunks-to-infinite-node-foundation-for-20m/): Yuga Labs, best known for creating the Bored Ape Yacht Club (BAYC) NFT collection, has sold the intellectual property (IP) rights to the CryptoPunks NFT collection to the Infinite Node Foundation (NODE), a non-profit organization dedicated to supporting digital art. NODE announced the acquisition in a May 13 X post, revealing that, along with the IP rights, it also received a $25 million endowment — an amount the organization claims exceeds the total digital art funding of all major U.S. cultural institutions to date. “This transition isn’t about ownership, but liberation. Freed from corporate friction and limitations, the Punk ethos - [Crypto Investing for Beginners: Building Your Portfolio](https://news.shib.io/2025/05/15/crypto-investing-for-beginners-building-your-portfolio/): So, you’ve been hearing about crypto investing and decided it’s time to figure out what all the fuss is about. Welcome aboard! Whether you’re here because your friend won’t stop talking about Bitcoin, or you just want to understand how people are making money (or memes) off digital coins, this guide is your starting line. At its core, crypto investing means putting your money into digital currencies like Bitcoin, Ethereum, or other altcoins with the hope that they’ll grow in value over time. But like any investment, it’s not just about jumping in and picking random coins—it’s about building a - [Senators Push Fix to Crypto Tax Policy Before It’s Too Late](https://news.shib.io/2025/05/14/senators-push-fix-to-crypto-tax-policy-before-its-too-late/): x U.S. Senators Cynthia Lummis and Bernie Moreno have urged Treasury Secretary Scott Bessent to swiftly revise a key tax policy definition that they argue is obstructing how American companies manage digital assets. In a letter dated May 12, Senators Lummis and Moreno urged Bessent to revise the current interpretation of “adjusted financial statement income” under existing U.S. law. They argued that the Treasury Department holds the power to modify the definition in a manner that would ease the tax burden on digital asset companies and called on Bessent to make use of that authority. The senators put forward the - [Paris Kidnapping Attempt Targeted Crypto Entrep's Family](https://news.shib.io/2025/05/14/paris-kidnapping-attempt-targeted-crypto-entreps-family/): Armed assailants in Paris have reportedly carried out a kidnapping attempt on the daughter and grandson of a well-known French cryptocurrency entrepreneur, adding to the growing wave of violence targeting prominent figures in the digital asset world. Four masked assailants reportedly targeted a couple and their child in Paris’s 11th district, resulting in minor injuries for all three victims, who were later taken to a nearby hospital, according to France 24. Surveillance footage from the scene captured three masked individuals emerging from a van and attempting to forcefully drag a woman and her child into the vehicle. The woman’s partner, - [South Korea Digital Asset Committee Launches Task Force for Crypto Rules](https://news.shib.io/2025/05/14/south-korea-digital-asset-committee-launches-task-force-for-crypto-rules/): South Korea’s Democratic Party has established a new Digital Asset Committee aimed at shaping national cryptocurrency policy and fostering growth within the digital asset sector. The committee, created as part of the Democratic Party’s election campaign efforts, convened for a meeting on May 13 at the National Assembly Members’ Hall in Seoul.  The committee is expected to take the lead in shaping digital asset policies by drafting campaign pledges, proposing legislation, and developing regulatory frameworks. Initial discussions have reportedly centered on the Basic Digital Asset Act — often referred to as the “Stage 2 Bill.” Additionally, Rep. Min Byeon-deok is - [Thailand to Launch $150M G-Token for Public Investors](https://news.shib.io/2025/05/14/thailand-to-launch-150m-g-token-for-public-investors/): Thailand’s Finance Ministry has announced plans to launch 5 billion baht (roughly $150 million) worth of digital investment assets under the name “G-Token,” with distribution expected within the next two months. Thai Finance Minister Pichai Chunhavajira revealed the initiative during a briefing on Tuesday, following the cabinet’s official approval of the plan. The G-Token is designed to offer investors the potential for higher returns compared to traditional bank deposits. While it will serve as a tool for raising public funds under the government’s current budget borrowing strategy, officials clarified that it will not be classified as a debt instrument. Furthermore, - [SHEboshis: Shiba Inu NFTs with Unique Utility and Design](https://news.shib.io/2025/05/14/sheboshis-shiba-inu-nfts-with-unique-utility-and-design/): In the wild world of NFTs, there’s always something new brewing—but some collections stick around and reshape the space. SHEboshis have been part of the Shiba Inu universe for a while now, and they’ve done exactly that. As the female counterpart to the original SHIBOSHIS, they brought more than just new looks—they introduced fresh energy, expanded utility, and a stronger sense of community. From the start, SHEboshis stood out. Their unique designs gave collectors new ways to express themselves, while their built-in token functionality added value beyond just visuals. They didn’t just mirror what came before—they pushed things forward, proving - [Truth Social Denies Meme Coin Launch Rumors](https://news.shib.io/2025/05/13/truth-social-denies-rumors-of-launching-meme-coin/): Truth Social, the social media platform linked to President Donald Trump, has refuted recent rumors claiming it would be launching a meme coin, addressing the speculation circulating online. In an official post on Truth Social, the platform dismissed the rumors as “fake news.” “Contrary to rumors, Truth Social is not launching a [meme coin],” the post wrote.  Donald Trump Jr., the eldest son of President Trump, also refuted the claims regarding the social media platform’s alleged launch of a meme coin in a post on X. “There’s no truth whatsoever about Truth Social launching a [meme coin].  Don’t be fooled - [Trump-Linked American Bitcoin to Go Public in Gryphon Merger Deal](https://news.shib.io/2025/05/13/trump-linked-american-bitcoin-to-go-public-in-gryphon-merger-deal/): American Bitcoin has officially gone public following a stock-for-stock merger with Gryphon Digital Mining, uniting the two crypto mining firms under the American Bitcoin name. The combined entity will be overseen by American Bitcoin’s board of directors, which includes Eric Trump. According to an official announcement, the board of directors for the newly merged company will include Mike Ho, Asher Genoot, Justin Mateen, and Michael Broukhim, with Mike Ho and Matt Prusak also joining the executive team. The combined entity is expected to trade on Nasdaq under the ticker symbol “ABTC”. “This transaction marks the next step in scaling American - [Florida Teens Charged After $4M Crypto Kidnapping in Nevada Desert](https://news.shib.io/2025/05/13/florida-teens-charged-after-4m-crypto-kidnapping-in-nevada-desert/): Three Florida teens are facing serious allegations after reportedly abducting a man at gunpoint following a cryptocurrency event in Las Vegas. The suspects are accused of stealing digital assets valued at approximately $4 million, including cryptocurrency and non-fungible tokens (NFTs). According to a report by local Las Vegas outlet 8 News Now, 16-year-olds Austin Fletcher and Belal Ashraf of Pasco County, Florida, along with a third unidentified teen, have been charged with robbery, kidnapping, and extortion. Fletcher and Ashraf have been formally certified to stand trial as adults, following a ruling by a juvenile court judge.  By the time Fletcher’s - [SEC Chair Atkins Vows 2025 Regulatory Framework for Crypto Markets](https://news.shib.io/2025/05/13/sec-chair-atkins-vows-2025-regulatory-framework-for-crypto-markets/): U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins has reaffirmed both his and the agency’s commitment to developing a clear and comprehensive regulatory framework for cryptocurrencies, emphasizing the need for investor protection, market integrity, and innovation within the rapidly evolving digital asset space. During a roundtable hosted by the commission on May 12 titled “Tokenization: Moving Assets Onchain: Where TradFi and DeFi Meet,” prominent figures from the digital asset industry, including Cynthia Lo Bessette, Head of Digital Asset Management at Fidelity Investments, Johnny Reinsch, Director of the Token Asset Coalition, and Johann Kerbrat, General Manager of Robinhood Crypto, participated - [Teen Money Tips 2025: Crypto vs Savings – What Builds Wealth?](https://news.shib.io/2025/05/13/teen-money-tips-2025-crypto-vs-savings-what-builds-wealth/): You finally got paid—whether it’s from walking dogs, selling art on IG, or convincing your parents that taking out the trash deserves compensation. Now you’re staring at that sweet stack of cash and wondering: Do I save this? Do I invest? Can I buy that limited-edition drop? Welcome to teen money tips, where we figure out how to stretch your money without putting you to sleep. The truth? Teens in 2025 have more money tools than ever—savings accounts, crypto apps, investing platforms… it’s like having a financial buffet and no idea what to load on your plate. That’s where we - [Bone ShibaSwap Chart Shows Potential ~109% Surge](https://news.shib.io/2025/05/12/bone-shibaswap-chart-shows-potential-109-surge/): A classic chart pattern for Bone ShibaSwap is catching the eye of a crypto trader, hinting the token may be building momentum for a significant price increase, potentially more than doubling its recent valuation. Bone ShibaSwap ($BONE), a component of the wider Shiba Inu cryptocurrency ecosystem, is currently the subject of technical analysis suggesting a notable upside. After a period of declining value, common across many digital assets, specific formations on its price chart were interpreted by a crypto trader as potential harbingers of a bullish reversal. Bone ShibaSwap primarily serves as the token for transaction fees on Shibarium, Shiba - [Dark Stablecoins: A Defiant Answer to Tighter Rules?](https://news.shib.io/2025/05/12/dark-stablecoins-a-defiant-answer-to-tighter-rules/): A new class of stablecoin is rising—not with regulatory approval, but in defiance of it. Censorship-proof and state-resistant, these ‘dark stablecoins’ promise financial privacy just as governments begin to tighten the noose. Regulation Looms for Digital Dollars Stablecoins once moved crypto across borders with little fuss. These tokens, often pegged to the U.S. dollar and backed by bank reserves, are now squarely in the sights of regulators.  From the United States to Europe, rules are tightening. The view of stablecoins as simple, neutral bridges between the internet and traditional money is being challenged. “Stablecoins are a choke point for Bitcoin, - [Shiba Inu Price: Bullish Signal Points to ~105% 'Additional Recovery'](https://news.shib.io/2025/05/12/shiba-inu-price-bullish-signal-points-to-105-additional-recovery/): The Shiba Inu price, a subject of much online discussion, is drawing fresh attention from market analysts. One such observer, citing technical chart patterns, suggests the popular meme-inspired cryptocurrency might be poised for a significant upward move, potentially more than doubling from its recent recovery. Shiba Inu, often traded under the symbol SHIB, has shown a recent burst of activity, climbing nearly 30 percent in the past few days. This rebound has not gone unnoticed.  Javon Marks (@JavonTM1 on X), a crypto analyst who shares his findings on the social media platform, commented on this development. “$SHIB (Shiba Inu)’s been - [Trump Ousts Copyright Chief Amid Clash Over AI and Creator Rights](https://news.shib.io/2025/05/12/trump-ousts-copyright-chief-amid-clash-over-ai-and-creator-rights/): Shira Perlmutter, the head of the U.S. Copyright Office, has reportedly been dismissed by the Trump administration shortly after her office released the third installment of an extensive report examining artificial intelligence—raising questions about how copyrighted works are being used in the development of AI technologies. According to CBS News, two individuals with knowledge of the matter have confirmed Perlmutter’s removal from her role.  Democratic Representative Joe Morelle also confirmed Shira Perlmutter’s dismissal through an official statement. “Donald Trump’s termination of Register of Copyrights, Shira Perlmutter, is a brazen, unprecedented power grab with no legal basis,” Morelle wrote. “It is - [UAE Launches First Gas Stations to Accept Crypto Payments Nationwide](https://news.shib.io/2025/05/12/uae-launches-first-gas-stations-to-accept-crypto-payments-nationwide/): The United Arab Emirates (UAE) has launched the first-ever crypto payment service at gas stations across the Middle East and North Africa, made possible through a new partnership with digital asset platform Crypto.com. In an official statement, the Emirates General Petroleum Corporation (Emarat) announced plans to roll out cryptocurrency payment options across its entire network of fuel stations. Customers at Emarat-operated locations can now pay for fuel using digital assets, marking a significant step toward broader crypto adoption in the region. The initial phase of the cryptocurrency payment service will launch at 10 Emarat service stations, with a nationwide rollout - [Microsoft May Trade OpenAI Stake for Long-Term Tech Access - Report](https://news.shib.io/2025/05/12/microsoft-may-trade-openai-stake-for-long-term-tech-access-report/): Software giant Microsoft and artificial intelligence firm OpenAI have reportedly entered talks to renegotiate their investment deal—rewriting terms of the partnership in a negotiation aimed at allowing the AI firm to launch a future IPO. According to a report by the Financial Times, the ongoing talks over the multibillion-dollar partnership are aimed at ensuring Microsoft retains access to advanced AI models beyond 2030 when certain provisions of the companies’ original agreement are set to lapse. A central point in the negotiations is determining the share of equity Microsoft will hold in OpenAI’s for-profit entity, following its investment of over $13 - [US-China Trade Talks Make Headway, But Details Still Unclear](https://news.shib.io/2025/05/12/us-china-trade-talks-make-headway-but-details-still-unclear/): The White House has announced that trade talks between the United States and China have advanced significantly, but the absence of a finalized agreement is fueling uncertainty over whether a trade deal is truly within reach. According to a May 11 joint statement from the White House, “substantial progress” has been made between the two countries. “We will be giving details tomorrow, but I can tell you that the talks were productive,” Secretary of the Treasury Scott Bessent stated.  Bessent noted that the Vice Premier, two vice ministers, U.S. Trade Representative Jamieson Greer, and himself played key roles in the - [Investing in NFTs: Identifying Promising NFT Projects](https://news.shib.io/2025/05/12/investing-in-nfts-identifying-promising-nft-projects/): NFTs, or Non-Fungible Tokens, have taken the digital world by storm, especially in the realm of NFT projects. These unique digital assets represent ownership of everything from art and music to in-game items and virtual real estate. Unlike cryptocurrencies, which are interchangeable, NFTs are one-of-a-kind—think of them like owning a rare collectible, but in digital form. Over the last few years, these NFT projects have made their way into art, gaming, and even utility-based ecosystems, offering new ways for creators and users to connect. While many NFT projects generate a lot of buzz, not all of them succeed. Some fizzle - [Microsoft Bans DeepSeek App for Staff Over Data and Propaganda Risks](https://news.shib.io/2025/05/09/microsoft-bans-deepseek-app-for-staff-over-data-and-propaganda-risks/): Microsoft Corporation Vice Chairman and President Brad Smith has stated that the tech company’s employees are not allowed to use the Chinese artificial intelligence (AI) platform DeepSeek, citing concerns over data security and propaganda. During a Senate hearing on May 8, Smith noted that Microsoft has also refrained from including DeepSeek in its app store due to concerns over data security and potential propaganda risks. Smith explained that the restrictions are based on concerns over the potential storage of data in China and the risk that DeepSeek’s responses may be shaped by “Chinese propaganda.” DeepSeek’s privacy policy reveals that user - [Ripple Settlement with SEC Moves Forward, But Commissioner Sounds Alarm](https://news.shib.io/2025/05/09/ripple-settlement-with-sec-moves-forward-but-commissioner-sounds-alarm/): The U.S. Securities and Exchange Commission (SEC) has reached a settlement agreement with Ripple Labs, CEO Brad Garlinghouse, and co-founder Christian A. Larsen, outlining a path forward to resolve the ongoing civil enforcement case against them. As part of their settlement, the SEC and Ripple will jointly petition the district court for an initial ruling that could pave the way for lifting the injunction currently imposed on Ripple. The court’s final decision on the matter is anticipated by August 2024. Additionally, the settlement details that the $125,035,150 civil penalty held in an escrow account will be addressed, with $50 million - [Senate Rejects GENIUS Act by 1 Vote, Stablecoin Rules Unclear](https://news.shib.io/2025/05/09/senate-rejects-genius-act-by-1-vote-stablecoin-rules-unclear/): The U.S. Senate has narrowly blocked progress on the GENIUS Act —a bill aimed at shaping federal policy on stablecoins—following a 49-48 vote, with Senate Democrats raising concerns over former President Donald Trump’s cryptocurrency involvement. The bill, introduced by Senator Bill Hagerty and supported by Senators Tim Scott, Kirsten Gillibrand, Cynthia Lummis, and Angela Alsobrooks, did not advance in the Senate on May 8, falling short of the necessary votes for progression. The GENIUS Act was widely regarded as a bipartisan push to bring clearer regulatory guidelines to the U.S. digital asset landscape. Centered on the use of payment-focused stablecoins, - [Trump Influenced Into Endorsing XRP in Truth Social Post - Report](https://news.shib.io/2025/05/09/trump-influenced-into-endorsing-xrp-in-truth-social-post-report/): U.S. President Donald Trump has reportedly been influenced by a lobbyist with ties to Ripple Labs, leading him to spotlight the company in a Truth Social post advocating for a “Crypto Strategic Reserve.” In early March, President Trump used his Truth Social platform to advocate for the “Crypto Strategic Reserve,” signaling support for the digital asset industry. According to a report by Politico, the post may have been influenced by a lobbyist from Ballard Partners, the firm led by prominent GOP operative Brian Ballard. The lobbyist allegedly urged President Trump on multiple occasions to publicly back cryptocurrency and even provided - [Shib Wallet: The Smart Multichain Hub for All Your Crypto Assets](https://news.shib.io/2025/05/09/shib-wallet-the-smart-multichain-hub-for-all-your-crypto-assets/): Shib Wallet is being developed for Shibizens who want simplicity without sacrificing control. Whether you’re juggling assets across multiple blockchains or just dipping your toes into decentralized finance, Shib Wallet is intended to act as a personal dashboard that will make everything easier, smarter, and more intuitive once launched. In this article, we’ll explore the concept behind Shib Wallet, highlight its planned standout features, and explain why it is anticipated to become a core tool in the Shiba Inu network state. From its goals of real-time portfolio tracking to potential gasless transactions, this is your guide to what could make Shib Wallet more than just another crypto - [Shibarium Builder Spotlight: FEED Ignites a Grassroots Movement on Shibarium](https://news.shib.io/2025/05/08/shibarium-builder-spotlight-feed-ignites-a-grassroots-movement-on-shibarium/): A spark can ignite a wildfire. When the mint for FEED went live on October 18, what might have been a quiet token drop on Shibarium quickly became a rallying cry for a new kind of community project. In just ten days, FEED—a project that cleverly winks at both meme culture and serious blockchain utility—not only completed its mint but also locked liquidity on ShibaSwap V2, seeding a vibrant experiment in decentralized governance. This Shibarium Builder Spotlight dives into how FEED is charting its unique course. Born directly from the Shibarium ecosystem, FEED has ambitions that stretch far beyond fleeting - [$45M Stolen From Coinbase Users in Weeklong Scam Wave - ZachXBT](https://news.shib.io/2025/05/08/45m-stolen-from-coinbase-users-in-weeklong-scam-wave-zachxbt/): Popular blockchain investigator ZachXBT has revealed that Coinbase users lost an additional $45 million to social engineering scams just in the past week. In a post shared on his Telegram channel, the on-chain investigator emphasized that the recent loss of millions in funds is not the first instance of Coinbase users falling victim to social engineering scams. “Over the past few months I have reported on nine figures stolen from Coinbase users via similar social engineering scams,” ZachXBT wrote. In February, the blockchain investigator shared a detailed thread outlining the losses suffered by Coinbase users and the sophisticated nature of - [Bhutan Unveils Groundbreaking Crypto Payment System for Travel](https://news.shib.io/2025/05/08/bhutan-unveils-groundbreaking-crypto-payment-system-for-travel/): Bhutan’s Department of Tourism has introduced a new crypto payment system in collaboration with Binance Pay and DK Bank, aiming to modernize travel transactions and boost digital adoption in the country’s growing tourism sector. Binance announced that Bhutan travelers who hold Binance accounts can now use cryptocurrency to pay for a wide range of travel-related services. These include flight tickets, hotel accommodations, guided tours, and various other offerings. The platform will support payments in more than 100 digital assets, including Bitcoin (BTC), USD Coin (USDC), and Binance’s own BNB token. The crypto payment system enables businesses in Bhutan to accept - [Coinbase Partners with Riot Games to Expand Crypto in Esports Globally](https://news.shib.io/2025/05/08/coinbase-partners-with-riot-games-to-expand-crypto-in-esports-globally/): Crypto exchange Coinbase has signed on as the exclusive crypto exchange and official blockchain technology partner for Riot Games’ global League of Legends (LoL) and VALORANT esports events, marking a significant crossover between digital finance and competitive gaming. In a recent blog post, Coinbase stated it will collaborate with Riot to develop custom segments and in-game cosmetic rewards aimed at enhancing the fan experience during esports tournaments. “As esports redefined the meaning of being an athlete, crypto is redefining the financial system to make economic freedom possible for all,” Coinbase wrote.  Furthermore, the exchange added that it would be making - [Millions Made, Millions Lost: Trump Meme Coin Fuels Crypto Divide](https://news.shib.io/2025/05/08/millions-made-millions-lost-trump-meme-coin-fuels-crypto-divide/): Roughly 764,000 wallets that have bought the Trump meme coin are now in the red, as the once-surging token has lost value since launch. According to data provided to CNBC by blockchain analytics firm Chainalysis, approximately 2 million wallets have purchased President Donald Trump’s meme coin. Of those, only 58 wallets earned more than $10 million each, collectively accounting for about $1.1 billion in gains. Wallets that recorded losses were primarily those holding smaller amounts of the token. Interest in the Trump meme coin surged following the announcement of a May 22 event at his National Golf Club in Washington, - [Crypto Portfolio Management: Diversification and Risk Strategies](https://news.shib.io/2025/05/08/crypto-portfolio-management-diversification-and-risk-strategies/): Managing a crypto portfolio might sound like something only finance nerds or day traders worry about—but it’s actually for anyone who owns more than one type of crypto. Think of it like building a team in a game: you want different strengths, solid backups, and a strategy that keeps you from losing everything in one bad move. In crypto, prices can jump or drop in minutes, so having a plan matters. That’s where portfolio management comes in—it’s how you balance your coins, avoid putting all your hopes into one token, and protect your digital stash from wild market swings. Done - [Shibarium Builder Spotlight: NFTs2Me Eases NFT Creation](https://news.shib.io/2025/05/07/shibarium-builder-spotlight-nfts2me-eases-nft-creation/): No coding, no perceived chaos – that’s the promise from NFTs2Me, a project featured in this Shibarium Builder Spotlight. It aims to open the door to NFT creation on Shibarium with a process designed to be as simple as click, upload, and go live. The idea driving NFTs2Me is to tackle a common frustration. Many artists, independent creators, or even small businesses are intrigued by the potential of non-fungible tokens (NFTs) but find the learning curve dauntingly steep.  “We’re solving the complexity and technical barriers of launching NFT projects,” said the NFTs2Me team. They describe their platform as an all-in-one - [China's High-Tech Urinals Offer Instant Health Screenings](https://news.shib.io/2025/05/07/chinas-high-tech-urinals-offer-instant-health-screenings/): Public restrooms in major cities across China have high-tech urinals that provide on-the-spot health screenings for less than $3, offering users a quick and affordable way to check key health markers. These advanced urinals are said to efficiently and precisely analyze urine for a range of health indicators, all for a cost of just 20 yuan. Users can access the health analysis by paying the fee through WeChat, with results provided shortly thereafter. The analysis checks various health markers, such as glucose, vitamin levels, creatinine, white blood cells, and more. Results are presented in an easy-to-understand format. Though not intended - [Kenya Orders Sam Altman's Worldcoin to Delete Biometric Data](https://news.shib.io/2025/05/07/kenya-orders-sam-altmans-worldcoin-to-delete-biometric-data/): The Kenyan High Court has ordered Sam Altman’s global cryptocurrency, World (formerly Worldcoin), to halt the processing, collection, and handling of biometric data until a Data Protection Impact Assessment is conducted. The May 5 ruling mandates that World permanently delete biometric data collected in Kenya without proper assessments within seven days. Additionally, the court has prohibited the company from enticing users with cryptocurrency offers and suggested that its actions may have violated Section 31 of the Data Protection Act. In an X post, the Katiba Institute, an advocacy group that challenged World’s activities, announced that Lady Justice Aburili Roselyne issued - [Mashinsky Blasts 20-Year Sentence Request Over Celsius Collapse](https://news.shib.io/2025/05/07/mashinsky-blasts-20-year-sentence-request-over-celsius-collapse/): Alex Mashinsky, founder and former CEO of collapsed crypto lender Celsius, has pushed back against a proposed 20-year prison sentence, criticizing the U.S. government’s stance as excessive and unwarranted. The U.S. Department of Justice (DOJ) formally recommended a minimum 20-year prison sentence for Mashinsky, citing his role in deceiving Celsius users and personally profiting from the manipulation of the platform’s native token. If the court grants the DOJ’s request, Mashinsky would be nearly 80 years old by the time of his release. In a response filed with a New York district court, Mashinsky’s legal team contended that the former Celsius - [UK Treasury Dismisses Bitcoin Reserve Idea, Eyes Blockchain Debt](https://news.shib.io/2025/05/07/uk-treasury-dismisses-bitcoin-reserve-idea-eyes-blockchain-debt/): The United Kingdom has ruled out the creation of a national Bitcoin reserve, marking a clear departure from potential U.S. efforts to hold digital assets at a national level. During her address at the Financial Times Digital Asset Summit in London, Emma Reynolds MP, Economic Secretary to the Treasury, stated that accumulating Bitcoin is not part of the country’s strategy. “We don’t think that’s appropriate for our market,” Reynolds stated. “We understand that’s what the U.S. is going for, but that’s not the plan for us,” she added. However, Reynolds emphasized the importance of transatlantic cooperation, stating that the UK - [How to Do a Cryptocurrency Value Assessment Using Key Metrics](https://news.shib.io/2025/05/07/how-to-do-a-cryptocurrency-value-assessment-using-key-metrics/): Let’s be real — crypto is full of hype. One tweet from a celebrity, and a random token can shoot to the moon. But if you’re looking to actually invest — rather than just chase trends — hype alone isn’t going to get you very far. That’s where cryptocurrency value assessment comes in. Simply put, it’s the process of diving deeper into a coin’s real worth, beyond the headlines and hot takes. Instead of following the latest craze, fundamental analysis helps you understand what a project is really about. You’ll look at things like how the technology works, who’s behind - [Understanding Bitcoin Mining Hardware: Technologies and Trends](https://news.shib.io/2025/05/06/understanding-bitcoin-mining-hardware-technologies-and-trends/): Bitcoin mining hardware encompasses a range of specialized equipment designed to solve complex mathematical puzzles, thereby validating transactions and maintaining the blockchain. Bitcoin mining is becoming more competitive these days, so understanding the different hardware options and their technological advancements is important for stakeholders in the crypto space. ASIC Miners, GPUs, and Other Equipment: An Overview The most prominent hardware used in Bitcoin mining is the Application-Specific Integrated Circuit (ASIC) miner. These are purpose-built chips optimized solely for mining Bitcoin’s SHA-256 algorithm. ASIC miners deliver exceptional hashing speeds and energy efficiency, which makes them the preferred choice for large-scale operations - [Samourai Wallet Says Feds Hid Key Info Before Filing Charges](https://news.shib.io/2025/05/06/samourai-wallet-says-feds-hid-key-info-before-filing-charges/): Attorneys representing Samourai Wallet have accused federal prosecutors of withholding key guidance from the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN), which allegedly advised that the crypto mixing service did not require a money transmission license—a position the lawyers claim was concealed for more than 18 months. In a letter submitted to a Manhattan federal court on May 5, attorneys for Samourai Wallet co-founders Keonne Rodriguez and William Hill asserted that prosecutors had received guidance from FinCEN months before filing charges, indicating that the Samourai Wallet app did not meet the criteria of a Money Services Business requiring FinCEN - [Netflix Plans Biopic on FTX Collapse, Bankman-Fried and Ellison](https://news.shib.io/2025/05/06/netflix-plans-biopic-on-ftx-collapse-bankman-fried-and-ellison/): Popular subscription-based streaming service Netflix has reportedly begun taking steps toward developing a new biopic series centered on former FTX CEO Sam Bankman-Fried and former Alameda Research executive Caroline Ellison, two key figures in the high-profile collapse of the FTX cryptocurrency exchange. Reports suggested that while Netflix has not officially announced the project, speculation began in early 2024 after the streaming platform secured the rights to five articles from Vox Media centered on Bankman-Fried, signaling potential interest in developing a related production. Barack and Michelle Obama’s production company, Higher Ground Productions, is reportedly developing the series, with Academy Award winner - [UAE to Roll Out AI Curriculum for All Grades Next School Year](https://news.shib.io/2025/05/06/uae-to-roll-out-ai-curriculum-for-all-grades-next-school-year/): The United Arab Emirates (UAE) has announced plans to introduce an AI curriculum as a subject across all levels of public education beginning next academic year, as part of its long-term strategy to prepare students for a rapidly evolving digital world. In a recent post on X, Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, stated that the curriculum change aims to “prepare future generations for a new world, equipped with advanced skills.” Sheikh Mohammed acknowledged the Ministry of Education’s efforts in developing a comprehensive curriculum, emphasizing that AI will fundamentally transform global living. “Our goal is to - [Nomad Hack Suspect Caught in Israel Trying to Flee Under Alias](https://news.shib.io/2025/05/06/nomad-hack-suspect-caught-in-israel-trying-to-flee-under-alias/): Alexander Gurevich, an alleged crypto thief involved in the Nomad hack, has been arrested at Ben-Gurion Airport while allegedly attempting to flee to Russia using a new name and passport. According to The Jerusalem Post, the dual Russian-Israeli citizen was arrested on Thursday while attempting to flee Israel. Following the arrest, the State Attorney’s Office International Department submitted a petition to the Jerusalem District Court seeking to have Gurevich declared extraditable to the United States. Gurevich is wanted by U.S. authorities for his alleged role in computer crimes, money laundering, and the transfer of stolen property related to a significant - [BURY 2.0: Turning Staking into Strategy, Rewards, and Governance](https://news.shib.io/2025/05/06/bury-2-0-turning-staking-into-strategy-rewards-and-governance/): Let’s be honest—staking in Web3 has a bit of a reputation. It’s often seen as passive: lock up your tokens, wait around, and hopefully come back to a few more coins. But Bury 2.0 completely reimagines that experience within the Shiba Inu network state. It’s not just about rewards anymore—it’s about participation, strategy, and fun. With Bury 2.0, staking becomes a way to get involved in the decisions that shape the future of the ecosystem. When you stake tokens like $SHIB, $LEASH, $BONE, or $TREAT, they’re converted into special vote escrowed tokens—veTokens—that give you voting power. The longer you lock - [Shibarium Builder Spotlight: ShibaLisa.art Aims to Remake Art World](https://news.shib.io/2025/05/06/shibarium-builder-spotlight-shibalisa-art-aims-to-remake-art-world/): In this week’s Shibarium Builder Spotlight, one project is taking aim at the age-old power dynamics of the art world — and doing it on Shiba Inu’s layer-2 scalability solution. ShibaLisa.art, headed by pseudonymous project lead Shiba da Vinci, is a zero-commission, artist-owned NFT art marketplace built on the Shiba Inu blockchain. “We want to start an art revolution where artists are truly valued, empowered, and fairly rewarded for their contributions to our cultural landscape,” the team said. Revolutionizing Art Sales: Zero Commissions on Shibarium Launched about a month ago, ShibaLisa.art wants to upend the traditional art world, armed with - [Shiba Inu Karma Levels Up With Fixes and Perks](https://news.shib.io/2025/05/05/shiba-inu-karma-levels-up-with-fixes-and-perks/): Bugs are gone, scores are clean, and the climb to Shiba Inu Karma glory just got sharper. The Shiba Inu Karma system, rolled out around mid-April, gets a fresh round of backend fixes that has cleared the bugs that once skewed scoring and stability. Now, Karma Points update in real time, tallies reflect true engagement, and users are starting to see what their digital reputation is really worth. Shiba Inu Karma Changes Detailed Backend bugs quietly distorted Karma Point calculations, muddling user scores and eroding confidence in what was meant to be a merit-based system. Some contributors saw their engagement - [Arizona Governor Blocks Bitcoin Reserve Bill, Critics Warn of Loss](https://news.shib.io/2025/05/05/arizona-governor-blocks-bitcoin-reserve-bill-critics-warn-of-loss/): Arizona Governor Katie Hobbs has faced criticism from community members and U.S. government officials after vetoing a bill that would have allowed the state to establish a Bitcoin reserve. In a statement issued on May 2, Hobbs formally announced her decision to veto Senate Bill 1025. “The Arizona State Retirement System is one of the strongest in the nation because it makes sound and informed investments. Arizonans’ retirement funds are not the place for the state to try untested investments like virtual currencу,” Hobbs wrote.  The proposed legislation, also known as the Arizona Strategic Bitcoin Reserve Act, aimed to allocate - [OKX Refutes Justin Sun's Allegations of Ignored Freeze Request](https://news.shib.io/2025/05/05/okx-refutes-justin-suns-allegations-of-ignored-freeze-request/): OKX CEO Star Xu has responded to accusations from Tron founder Justin Sun, who claimed the crypto exchange failed to freeze stolen funds after a recent hack on Tron’s official X account. In a post on X, Xu responded to Sun, stating that the exchange follows a transparent law enforcement cooperation policy. Xu invited Sun to submit initial evidence of the hack through OKX’s public reporting channels, assuring that the platform would implement an emergency freeze if the submitted details met the necessary criteria. “OKX also has consumers protection policy according to law, we can’t freeze a customer’s funds according - [Tsinghua Launches AI Agent Hospital to Revolutionize Healthcare](https://news.shib.io/2025/05/05/tsinghua-launches-ai-agent-hospital-to-revolutionize-healthcare/): Tsinghua University, one of China’s most prestigious academic institutions, has formally launched its new AI Agent Hospital during the 2025 Tsinghua Medicine Townhall Meeting. This marks a significant step in integrating artificial intelligence into clinical practice, education, and research. Tsinghua University outlined a phased approach for the rollout of its AI Agent Hospital. In its initial phase, the hospital will be developed using the university’s robust artificial intelligence capabilities and its integrated expertise across engineering and medical disciplines. Early pilot programs are set to begin at both the Beijing Tsinghua Changgung Hospital and its affiliated Internet Hospital, focusing on departments - [AI Robot Zippy Serves Up Michelin-Star Quality Cuisine](https://news.shib.io/2025/05/05/ai-robot-zippy-serves-up-michelin-star-quality-cuisine/): Technology consulting firm RediMinds Inc. has launched Zippy, an AI robot chef now operating in commercial kitchens, marking the company’s latest push into intelligent automation for the foodservice industry. The AI-powered robotic chef reportedly comes pre-trained on a dataset of over five million multimodal recipes, using multi-modal perception and active heat transfer modeling to adapt to variations in ingredients and appliances with the precision of an expert chef. Designed to quickly master a wide range of cuisines—including Italian, Mexican, and Indian—Zippy can learn and replicate gourmet dishes after observing just a single expert-led demonstration. The system blends autonomy with teleoperation - [Why Decentralization Matters in Web3 vs Web2](https://news.shib.io/2025/05/05/why-decentralization-matters-in-web3-vs-web2/): What if one company could delete you from the internet? Not just your posts, but your entire profile, your photos, your connections — gone in a click. That’s not a dystopian future. That’s Web2, a system where control is centralized and your digital life depends on someone else’s servers. That’s exactly why decentralization is becoming such a big deal. The internet we know today — Web2 — is built on platforms that own everything you upload. Social networks, online stores, even your cloud docs live on systems run by a handful of companies. You get access, not ownership. If they - [SEC Drops Crypto Case Against YouTuber Ian Balina](https://news.shib.io/2025/05/02/sec-drops-crypto-case-against-youtuber-ian-balina/): The U.S. Securities and Exchange Commission (SEC) has moved to dismiss its case against crypto YouTuber Ian Balina, signaling another step in its broader retreat from aggressive crypto enforcement efforts. In a joint filing with Balina submitted to a federal court in Austin, the agency stated that it considers dropping the case appropriate, referencing efforts led by its Crypto Task Force. The SEC filed a lawsuit against the crypto influencer in 2022, accusing him of conducting an unregistered securities offering. The case centered on his promotion and sale of Sparkster (SPRK) tokens during the 2018 initial coin offering (ICO) boom. - [Nadella and Zuckerberg Discuss AI’s Role in Software Development Code](https://news.shib.io/2025/05/02/nadella-and-zuckerberg-discuss-ais-role-in-software-development-code/): Microsoft CEO Satya Nadella revealed that artificial intelligence (AI) now plays a major role in the company’s software development process, with AI contributing to as much as 30% of the code being written at Microsoft. During a conversation with Meta CEO Mark Zuckerberg at Meta’s inaugural LlamaCon AI developer event, Nadella revealed that AI is playing an increasingly significant role in code development at Microsoft, with the share continuing to rise steadily. “I’d say maybe 20%, 30% of the code that is inside of our repos today and some of our projects are probably all written by software,” Nadella stated. - [Global Bitcoin Reserves Shrink as Governments Hold Over 463K BTC](https://news.shib.io/2025/05/02/global-bitcoin-reserves-shrink-as-governments-hold-over-463k-btc/): Crypto data platform CoinGecko has shared that governments around the world collectively hold over 463,741 Bitcoin, accounting for about 2.3% of the total supply. While countries like El Salvador and Bhutan have been actively increasing their Bitcoin reserves, others, including the United States and Germany, have been reducing their holdings. According to an April 28 report, the current government-held Bitcoin reserves decreased from 529,591 BTC in July 2024, reflecting ongoing shifts in government engagement with cryptocurrency. As of April 2025, the United States government holds around 198,012 BTC—worth roughly $18.3 billion—maintaining its position as the largest state holder of Bitcoin. - [Cloudflare Outage Takes Major Crypto Sites Offline Worldwide](https://news.shib.io/2025/11/19/cloudflare-outage-takes-major-crypto-sites-offline-worldwide/): Cloudflare’s services are back online after a global outage disrupted major platforms including X, ChatGPT, and Coinbase. A technical bug in a bot mitigation service caused the downtime, underscoring the internet’s reliance on a few centralized infrastructure providers and the need for redundancy and caution during outages. - [Stop Phishing Scams: How to Spot Fake Crypto Websites Fast](https://news.shib.io/2025/11/19/stop-phishing-scams-how-to-spot-fake-crypto-websites-fast/): Crypto phishing scams are a major threat, tricking users into giving away wallets, private keys, or funds. This guide teaches practical steps, checking URLs, SSL certificates, social proof, smart contracts, and using security tools, to spot fake sites and stay safe in Web3. - [Hackers Used AI Chatbot Claude to Launch Automated Cyber Attacks](https://news.shib.io/2025/11/18/hackers-used-ai-chatbot-claude-to-launch-automated-cyber-attacks/): Anthropic claims hackers used its AI chatbot Claude for automated cyberattacks on global organizations, prompting debates over AI regulation and the credibility of the attribution to Chinese state-linked actors. - [Unregistered Crypto Exchanges in Canada Expose Millions to Money Laundering](https://news.shib.io/2025/11/18/unregistered-crypto-exchanges-in-canada-expose-millions-to-money-laundering/): Unlicensed crypto-to-cash services in Canada are reportedly facilitating large transactions without proper ID checks, creating risks for money laundering. Investigations show platforms like 001K process billions in crypto while avoiding regulatory oversight, exposing weaknesses in the country’s financial monitoring system. - [IRS Eyes Overseas Crypto Reporting Under CARF — What It Means for SHIB](https://news.shib.io/2025/11/18/irs-eyes-overseas-crypto-reporting-under-carf-what-it-means-for-shib/): The U.S. is moving to join CARF, letting the IRS track overseas crypto accounts. While SHIB isn’t targeted, holders may face stricter reporting, compliance, and tax obligations. - [Twitter Breach Hacker Owes $5M as Stolen Crypto Soars in Value](https://news.shib.io/2025/11/18/twitter-breach-hacker-owes-5m-as-stolen-crypto-soars-in-value/): Hacker Joseph James O’Connor, who compromised high-profile Twitter accounts in 2020, must surrender over $5M in cryptocurrency after the value of his stolen assets soared during his incarceration. - [6 Myths About Smart Contracts People Still Believe in the Web3 Era Today](https://news.shib.io/2025/11/18/6-myths-about-smart-contracts-people-still-believe-in-the-web3-era-today/): Smart contracts are digital agreements on the blockchain that automate actions, but they are often misunderstood. This article debunks six common myths, showing their strengths, risks, and real-world applications beyond crypto transactions. - [US DOJ Moves to Seize $15M in USDT Stolen by North Korean Hackers](https://news.shib.io/2025/11/17/us-doj-moves-to-seize-15m-in-usdt-stolen-by-north-korean-hackers/): The U.S. DOJ seeks to seize $15 million in USDT stolen by North Korean hackers, while five individuals pled guilty to aiding the attacks. North Korea’s growing IT worker scheme allows hackers to access corporate systems remotely, launder crypto, and finance government programs, highlighting evolving cyber threats and the need for robust security measures. - [Scaramucci Family Invests $100M+ in Trump-Linked American Bitcoin](https://news.shib.io/2025/11/17/scaramucci-family-invests-100m-in-trump-linked-american-bitcoin/): The Scaramucci family has invested more than $100 million in American Bitcoin, a mining firm linked to President Trump’s sons. The move has sparked public interest due to Anthony Scaramucci’s political feud with Trump, though AJ Scaramucci insists the investment was based purely on business considerations. Additional high-profile investors include Tony Robbins, Charles Hoskinson, Grant Cardone, and Peter Diamandis. - [CZ’s Lawyer Blasts “False” Claims Linking Binance, Trump Pardon](https://news.shib.io/2025/11/17/czs-lawyer-blasts-false-claims-linking-binance-trump-pardon/): Binance CEO Changpeng “CZ” Zhao’s lawyer rejected claims that his Trump pardon involved corruption or business ties, highlighting Zhao’s unprecedented prosecution and lack of prior contact with Trump. - [Japan FSA Plans Major Crypto Overhaul: New Rules, 20% Tax, Bank Access](https://news.shib.io/2025/11/17/japan-fsa-plans-major-crypto-overhaul-new-rules-20-tax-bank-access/): Japan’s FSA is overhauling crypto regulations, classifying digital assets as financial products, enforcing disclosures and insider trading rules, and exploring bank participation. SHIB joins Bitcoin and Ethereum on the Green List, potentially benefiting from new tax cuts. The reforms aim to boost transparency, oversight, and legitimacy in Japan’s crypto market. - [How Media Hype Helps Prolong Major Rallies in Crypto Bull Markets](https://news.shib.io/2025/11/17/how-media-hype-helps-prolong-major-rallies-in-crypto-bull-markets/): Media hype drives crypto bull markets by fueling FOMO, herd behavior, and emotional buying, creating a feedback loop that prolongs rallies beyond fundamentals. - [Japan Green-Lists SHIB, Targets Big Time Tax Savings](https://news.shib.io/2025/11/16/japan-green-lists-shib-targets-big-time-tax-savings/): The designation from Japan's self-regulatory body makes SHIB a prime candidate for a proposed tax overhaul that would slash the rate on crypto gains from 55% to 20%. - [Trustless Manifesto: Buterin Urges Builders to Prioritize Decentralization](https://news.shib.io/2025/11/14/trustless-manifesto-buterin-urges-builders-to-prioritize-decentralization/): thereum co-founder Vitalik Buterin and researchers Yoav Weiss and Marissa Posner have released The Trustless Manifesto, calling on developers to prioritize decentralization and trustlessness over adoption speed. The manifesto warns that without trustless design, systems risk relying on intermediaries, compromising fairness and neutrality, and invites developers to pledge support for these principles. - [Bitcoin Reserve by 2025: Taiwan to Assess Seized BTC for Possible National Status](https://news.shib.io/2025/11/14/bitcoin-reserve-by-2025-taiwan-to-assess-seized-btc-for-possible-national-status/): Taiwan is assessing its seized Bitcoin holdings as officials explore creating a national Bitcoin reserve, taking cues from the US Strategic Bitcoin Reserve. The government aims to study the potential benefits, risks, and regulatory frameworks, signaling growing interest in treating digital assets as strategic national resources. - [Scammers Exploit ReportCyber to Trick Australians into Handing Over Crypto](https://news.shib.io/2025/11/14/scammers-exploit-reportcyber-to-trick-australians-into-handing-over-crypto/): Scammers in Australia are impersonating police via the government’s ReportCyber platform to trick victims into giving up cryptocurrency and wallet access. Multi-step schemes use fake reports, official-looking reference numbers, and follow-up calls to appear legitimate. Authorities urge vigilance, independent verification, and strong cybersecurity to protect digital assets. - [Epstein Emails Uncover Bitcoin Discussion: Child Star Brock Pierce and Treasury Sec](https://news.shib.io/2025/11/14/epstein-emails-uncover-bitcoin-discussion-child-star-brock-pierce-and-treasury-sec/): Newly released emails from Jeffrey Epstein's estate reveal that former child actor Brock Pierce discussed Bitcoin with former Treasury Secretary Larry Summers at Epstein’s Manhattan townhouse after Epstein’s 2008 conviction. The exchange highlights early high-profile interest in cryptocurrency and Pierce’s prominent role in the nascent Bitcoin space. - [6 Common Tokenomics Mistakes New Projects Make](https://news.shib.io/2025/11/14/6-common-tokenomics-mistakes-new-projects-make/): Many crypto projects fail due to tokenomics mistakes. Poor supply planning, weak utility, and ignoring market dynamics can tank adoption, scare investors, and undermine long-term success. This article breaks down six common mistakes and shows how to avoid them. - [Japan’s Yen Stablecoin JPYC Could Shake Up Government Bond Market](https://news.shib.io/2025/11/13/japans-yen-stablecoin-jpyc-could-shake-up-government-bond-market/): Japan’s first yen-backed stablecoin issuer, JPYC, plans to expand its digital currency, potentially becoming a major buyer of Japanese government bonds and influencing monetary policy. - [German Court Rules ChatGPT Broke Copyright, OpenAI Must Pay Damages](https://news.shib.io/2025/11/13/german-court-rules-chatgpt-broke-copyright-openai-must-pay-damages/): A Munich court ruled that OpenAI ChatGPT violated German copyright law by training its AI on lyrics from popular musicians, setting a major precedent for how AI companies use creative works in model training. - [Kraken CEO Says UK Crypto Rules Protect Users but Punish Traders](https://news.shib.io/2025/11/13/kraken-ceo-says-uk-crypto-rules-protect-users-but-punish-traders/): Kraken co-CEO Arjun Sethi criticized UK crypto regulations, saying lengthy disclaimers and FCA rules make platforms less user-friendly and could deter new investors, even as the UK works toward closer alignment with the US on digital asset oversight. - [SEC Chair Promises Tough Crypto Oversight, Eyes New Token Taxonomy](https://news.shib.io/2025/11/13/sec-chair-promises-tough-crypto-oversight-eyes-new-token-taxonomy/): SEC Chair Paul Atkins outlined plans to combat crypto fraud through Project Crypto and highlighted upcoming legislation defining SEC and CFTC roles in regulating digital assets. - [Why Some Altcoins Thrive While Others Disappear Into Obscurity](https://news.shib.io/2025/11/13/why-some-altcoins-thrive-while-others-disappear-into-obscurity/): Some altcoins thrive due to real utility, strong communities, smart tokenomics, and good timing, while others fail from hype, poor leadership, or loss of trust. - [Artist Sneaks AI-Generated Print Into Cardiff Museum Without Permission](https://news.shib.io/2025/11/12/artist-sneaks-ai-generated-print-into-cardiff-museum-without-permission/): Conceptual artist Elias Marrow secretly installed an AI-generated print titled “Empty Plate” in the National Museum Cardiff, challenging museum rules, the definition of art, and highlighting AI’s role in creative expression before it was removed. - [Brazil’s BCB Classifies Stablecoins as FX, Bringing Stricter Crypto Rules](https://news.shib.io/2025/11/12/brazils-bcb-classifies-stablecoins-as-fx-bringing-stricter-crypto-rules/): Brazil’s central bank (BCB) has finalized crypto regulations that classify stablecoin transactions and certain wallet transfers as foreign exchange operations, extending AML and compliance requirements to digital assets under new frameworks set to take effect in 2026. - [Trump’s New CFTC Pick Michael Selig Faces Senate Hearing Next Week](https://news.shib.io/2025/11/12/trumps-new-cftc-pick-michael-selig-faces-senate-hearing-next-week/): Michael Selig, President Trump’s nominee for CFTC chair, will face a Senate Agriculture Committee hearing on November 19 as the agency anticipates regulatory shifts in digital assets. His nomination follows the withdrawal of Brian Quintenz, and if confirmed, Selig could serve as the CFTC’s sole leadership voice. - [China Claims US Played a Role in $13B LuBian Bitcoin Hack](https://news.shib.io/2025/11/12/china-claims-us-played-a-role-in-13b-lubian-bitcoin-hack/): China’s CVERC claims the U.S. played a key role in the 2020 multi-billion-dollar LuBian Bitcoin hack, raising questions about how 127,000 BTC was accessed and handled. - [5 Everyday Ways Layer 2 Technology Powers Fast, Cheap, Scalable Crypto](https://news.shib.io/2025/11/12/5-everyday-ways-layer-2-technology-powers-fast-cheap-scalable-crypto/): Layer 2 networks are the hidden engine of Web3, making crypto payments, NFT trades, gaming, DeFi, and social apps faster, cheaper, and more accessible for everyone. - [5 Reasons Why Crypto Airdrops Exist (and Why Projects Love Them)](https://news.shib.io/2025/11/11/5-reasons-why-crypto-airdrops-exist-and-why-projects-love-them/): Crypto airdrops aren’t just free tokens, they reward early supporters, build communities, promote decentralization, boost awareness, and incentivize platform use. - [Italian Banks Back Digital Euro but Push to Spread High Implementation Costs](https://news.shib.io/2025/11/10/italian-banks-back-digital-euro-but-push-to-spread-high-implementation-costs/): Italian banks support the ECB’s digital euro but want implementation costs spread over several years to ease financial pressure. - [UK MP Demands Shut Down of Elon Musk’s Grok After “Rape Enabler” Claim](https://news.shib.io/2025/11/10/uk-mp-demands-shut-down-of-elon-musks-grok-after-rape-enabler-claim/): Scottish MP Pete Wishart has called for Elon Musk’s AI chatbot Grok to be shut down after it falsely labeled him a “rape enabler” during a user-prompted exchange. - [Samourai Wallet Developer Sentenced 5 Years for $200M Crypto Laundering](https://news.shib.io/2025/11/10/samourai-wallet-developer-sentenced-5-years-for-200m-crypto-laundering/): Samourai Wallet developer Keonne Rodriguez has been sentenced to 5 years in prison and fined $250K for running a crypto-mixing service that laundered over $200M in illicit funds. - [Binance Founder Zhao Says He Was “Surprised” by Trump Pardon, Denies Ties](https://news.shib.io/2025/11/10/binance-founder-zhao-says-he-was-surprised-by-trump-pardon-denies-ties/): Binance founder CZ said he was surprised by Trump’s pardon and denied any business or personal ties to Trump-affiliated companies, calling such claims “categorically false.” - [Tinder AI Could Access Your Photos, Raising Privacy Questions for Love](https://news.shib.io/2025/11/07/tinder-ai-could-access-your-photos-raising-privacy-questions-for-love/): Tinder is testing a new AI feature called “Chemistry” that scans users’ camera rolls to understand their interests and personalities, helping create smarter, more compatible matches. - [Spanish Research Institute to Cash $10M Bitcoin Bought for €10K](https://news.shib.io/2025/11/07/spanish-research-institute-to-cash-10m-bitcoin-bought-for-e10k/): Spain’s Institute of Technology and Renewable Energies (ITER) is selling a Bitcoin stash bought in 2012 for €10K, now worth over $10M, to fund quantum research projects. - [Circle Pushes Treasury for Clear Rules on US Dollar Stablecoins](https://news.shib.io/2025/11/07/circle-pushes-treasury-for-clear-rules-on-us-dollar-stablecoins/): Circle has urged the U.S. Treasury to establish clear, consistent rules for stablecoin issuers under the GENIUS Act. The company supports full implementation of the framework to create a unified national system for regulating domestic and foreign stablecoins, emphasizing consumer protection, transparency, and financial stability. - [India Set to Launch ARC, Government-Backed Digital Rupee Token](https://news.shib.io/2025/11/07/india-set-to-launch-arc-government-backed-digital-rupee-token/): India is preparing to launch the Asset Reserve Certificate (ARC), a government-backed digital token developed by Polygon and Anq. Unlike dollar-tied stablecoins, ARC will be fully supported by Indian government securities, strengthening domestic liquidity, promoting monetary sovereignty, and setting the stage for a sovereign-backed digital asset framework. - [Mining Pools Explained: How Crypto Miners Team Up for Profits](https://news.shib.io/2025/11/07/mining-pools-explained-how-crypto-miners-team-up-for-profits/): Crypto mining isn’t a solo game anymore. As competition heats up, miners are teaming up in “mining pools” to combine their computing power, share rewards, and make mining more consistent and accessible for everyone, though it comes with trade-offs like fees and centralization risks. - [UK Court’s Getty vs. Stability AI Ruling Leaves Creators in Limbo](https://news.shib.io/2025/11/06/uk-courts-getty-vs-stability-ai-ruling-leaves-creators-in-limbo/): The UK High Court issued a mixed ruling in the Getty Images vs. Stability AI case, giving limited wins to both sides while leaving major questions about AI, copyright, and intellectual property unresolved. - [White House Defends Trump’s Pardon of Binance CEO Amid Crypto Shift](https://news.shib.io/2025/11/06/white-house-defends-trumps-pardon-of-binance-ceo-amid-crypto-shift/): The White House defended President Trump’s pardon of Binance CEO Changpeng “CZ” Zhao, emphasizing a thorough review process by the DOJ and White House counsel. Trump, who says he doesn’t personally know Zhao, called the legal challenges a “Biden witch hunt,” while the administration framed the pardon as correcting perceived overreach against crypto. - [Bank of England Vows to Match US Speed on Stablecoin Rules](https://news.shib.io/2025/11/06/bank-of-england-vows-to-match-us-speed-on-stablecoin-rules/): The Bank of England is moving to align its stablecoin regulations with the U.S., emphasizing cross-border coordination for financial stability. Deputy Governor Sarah Breeden confirmed a November 10 consultation that aims for a more balanced regulatory approach while ensuring innovation and trust in digital assets. - [Iggy Azalea Launches Thrust, a New Launchpad Targeting Scams](https://news.shib.io/2025/11/06/iggy-azalea-launches-thrust-a-solana-launchpad-targeting-meme-coin-scams/): Iggy Azalea has launched Thrust, a new Solana-based token launchpad built to clean up the celebrity crypto scene. After debuting her own meme coin, MOTHER, in 2024, Azalea now steps into a leadership role as Thrust’s creative director and strategic partner, aiming to promote transparency, prevent pump-and-dump schemes, and bring accountability to celebrity-backed tokens. - [Token Burning: 5 Ways Burns Can Boost Crypto Prices and Market Momentum](https://news.shib.io/2025/11/06/token-burning-5-ways-burns-can-boost-crypto-prices-and-market-momentum/): Token burning is the crypto world’s way of turning scarcity into strength. By permanently removing tokens from circulation, projects can boost value, signal commitment, and fire up community engagement—all while keeping ecosystems balanced and prices sizzling. - [Shiba Inu Makes New Offer in Shibarium Bridge Bounty Standoff](https://news.shib.io/2025/11/06/shiba-inu-makes-new-offer-in-shibarium-bridge-bounty-standoff/): Shiba Inu’s final 25 ETH Shibarium bridge bounty marks the climax of a rare on-chain negotiation, an appeal not only to the hacker’s logic but to the community’s trust. - [Samourai Wallet Founders Pushed for Maximum Prison Term by U.S. Prosecutors](https://news.shib.io/2025/11/05/us-prosecutors-push-for-maximum-prison-term-for-samourai-wallet-founders/): U.S. prosecutors are seeking the maximum five-year prison sentence for Samourai Wallet founders Keonne Rodriguez and William Hill, accusing them of running a crypto mixing platform that laundered at least $237 million in illicit funds. The case highlights increasing scrutiny of privacy-focused crypto services and their role in facilitating financial crimes. - [Japan’s CODA Demand OpenAI Stop Using Copyrighted Content for AI](https://news.shib.io/2025/11/05/japans-coda-demand-openai-stop-using-copyrighted-content-for-ai/): Japan’s Content Overseas Distribution Association (CODA), representing Studio Ghibli and Nippon Animation, has demanded OpenAI stop using its members’ copyrighted works to train AI models, citing copyright infringement concerns and lack of prior authorization under Japanese law. - [Binance CEO Denies Role in Trump Family’s $2B Stablecoin Deal](https://news.shib.io/2025/11/05/binance-ceo-denies-role-in-trump-familys-2b-stablecoin-deal/): Binance CEO Richard Teng denied any involvement in choosing the Trump family-linked stablecoin USD1 for a $2B deal with Abu Dhabi-based MGX, amid political scrutiny over former CEO Changpeng “CZ” Zhao’s pardon and lobbying efforts tied to the transaction. U.S. senators are seeking clarification on how the pardon affects DOJ accountability. - [Stablecoins Explained: The Secret to Crypto That Never Fluctuates](https://news.shib.io/2025/11/05/stablecoins-explained-the-secret-to-crypto-that-never-fluctuates/): Stablecoins are crypto’s calm in the chaos. Designed to hold steady value by pegging to assets like the US dollar or gold, they bridge traditional finance and digital assets. But while they promise stability, risks like transparency issues, de-pegging, and uncertain regulation mean they’re not always as “stable” as they seem. - [Crypto and AI Czar David Sacks Warns AI Threat Is Big-Brother Style, Not Robots](https://news.shib.io/2025/11/05/crypto-and-ai-czar-david-sacks-warns-ai-threat-is-big-brother-style-not-robots/): White House Crypto and AI Czar David Sacks warned that AI’s biggest danger isn’t rogue robots but its potential use in mass surveillance. Comparing it to George Orwell’s 1984, Sacks said the true risk lies in government-controlled AI that manipulates information. He called for balanced regulation, light oversight for AI innovation but clear rules to support the crypto industry. - [Trump Defends CZ Pardon, Denies Knowing Binance Co-Founder](https://news.shib.io/2025/11/04/trump-defends-cz-pardon-denies-knowing-binance-co-founder/): President Donald Trump defended his pardon of Binance founder Changpeng “CZ” Zhao, denying personal ties or political motives and highlighting public support. Zhao had served a four-month prison sentence for violating U.S. anti-money laundering laws, resigned as Binance CEO, and paid fines while Binance settled for $4.3 billion. - [French Lawmakers Vote to Tax Large Crypto Holdings as ‘Unproductive Wealth’](https://news.shib.io/2025/11/04/french-lawmakers-vote-to-tax-large-crypto-holdings-as-unproductive-wealth/): French lawmakers have advanced a tax amendment targeting “unproductive wealth,” including high-value cryptocurrency holdings. The move could impact tokens like SHIB and reshape how digital assets are taxed across Europe. - [Logan Paul Cleared in CryptoZoo Lawsuit After Judge Dismisses Case](https://news.shib.io/2025/11/04/logan-paul-cleared-in-cryptozoo-lawsuit-after-judge-dismisses-case/): Internet personality Logan Paul has been dismissed from a class action lawsuit over his failed CryptoZoo project. The court ruled plaintiffs couldn’t prove a direct link between Paul and their losses, though the decision has sparked backlash online about accountability in crypto ventures. - [Ex-FTX CEO Sam Bankman-Fried Fights for New Trial After $8B Fraud](https://news.shib.io/2025/11/04/ex-ftx-ceo-sam-bankman-fried-fights-for-new-trial-after-8b-fraud/): Former FTX CEO Sam Bankman-Fried is fighting for a new trial after being convicted of fraud and conspiracy related to FTX’s $8B collapse. His legal team will argue before the Second Circuit Court of Appeals that the original trial was flawed, citing FTX’s alleged solvency and judicial errors. The case continues to spark political and regulatory debate across the crypto world. - [Crypto FOMO: How Fear of Missing Out Fuels Market Hype and Investor Decisions](https://news.shib.io/2025/11/04/crypto-fomo-how-fear-of-missing-out-fuels-market-hype-and-investor-decisions/): How FOMO, or Fear of Missing Out, drives crypto market hype and emotional investing. How social media, influencers, and viral trends fuel impulsive buying, why emotional trading can lead to losses, and how investors can turn FOMO into strategy through research, patience, and smart risk management. - [SHIB Price Suggest Major Breakout Against Bitcoin: New Analysis](https://news.shib.io/2025/11/03/shib-price-suggest-major-breakout-against-bitcoin-new-analysis/): Crypto analyst Javon Marks has said that Shiba Inu (SHIB) could see a big move against Bitcoin, pointing to technical patterns that suggest the token might be gearing up for a surge. - [Grayscale Sees 11 Altcoins Poised for Breakout Under New SEC Rules](https://news.shib.io/2025/11/03/grayscale-sees-11-altcoins-poised-for-breakout-under-new-sec-rules/): Grayscale Investments projects strong growth for altcoins as new U.S. SEC rules may expand ETP listings, broadening access to regulated crypto investments. - [Prince Andrew Faces Backlash Over £1.4M Crypto Deal at Palace](https://news.shib.io/2025/11/03/prince-andrew-faces-backlash-over-1-4m-crypto-deal-at-palace/): Prince Andrew is facing renewed scrutiny after reports revealed he arranged a private Buckingham Palace tour for U.S. crypto executives whose firm paid Sarah Ferguson up to $1.87 million as a brand ambassador. The deal, tied to a failed Bitcoin mining venture, has fueled concerns over the couple’s financial ties and use of royal connections for personal gain. - [Warren Fires Back at CZ’s Defamation Threat, Cites DOJ Money Laundering Plea](https://news.shib.io/2025/11/03/warren-fires-back-at-czs-defamation-threat-cites-doj-money-laundering-plea/): Senator Elizabeth Warren’s legal team dismissed Binance founder Changpeng “CZ” Zhao’s defamation threat, stating her remarks about his money laundering plea were factually accurate. The dispute follows Zhao’s presidential pardon by Donald Trump and spotlights growing tensions between U.S. lawmakers and the crypto industry. - [5 Legendary Crypto Whales Who Changed the Industry Forever](https://news.shib.io/2025/11/03/5-legendary-crypto-whales-who-changed-the-industry-forever/): Meet the crypto whales who shaped the digital ocean. From Satoshi’s mysterious exit to Buterin's Ethereum revolution, these five giants, Satoshi Nakamoto, Vitalik Buterin, the Winklevoss twins, Michael Saylor, and CZ, transformed crypto through innovation, vision, and influence. Their legacy proves that true power in crypto comes from ideas, not just wallets. - [Forging A Legacy](https://news.shib.io/2025/11/01/forging-a-legacy/) - [CZ Issues Warning After CZ Statue Meme Coin Faces Massive Crash](https://news.shib.io/2025/10/31/cz-issues-warning-after-cz-statue-meme-coin-faces-massive-crash/): Changpeng “CZ” Zhao, founder and former CEO of Binance, has warned investors against the CZ STATUE meme coin, which crashed 86% within hours. The token’s structure raised concerns over potential insider activity, highlighting the risks of celebrity-linked crypto tokens and the importance of cautious, informed investing. - [Judge Lets George R.R. Martin Sue OpenAI Over ‘Game of Thrones’ Idea](https://news.shib.io/2025/10/31/judge-lets-george-r-r-martin-sue-openai-over-game-of-thrones-idea/): A U.S. federal court has allowed George R.R. Martin and other authors to pursue copyright claims against OpenAI, focusing on AI-generated content that may infringe their works, including potential sequel ideas for A Song of Ice and Fire. - [Centralized vs Decentralized Exchanges: Key Differences You Need to Know](https://news.shib.io/2025/10/31/centralized-vs-decentralized-exchanges-key-differences-you-need-to-know/): Learn the key differences between centralized and decentralized exchanges, including control, security, fees, privacy, and which type fits your trading style. - [Trump’s Binance Pardon Sparks Fury: Senators Demand DOJ Answers](https://news.shib.io/2025/10/30/trumps-binance-pardon-sparks-fury-senators-demand-doj-answers/): Seven Democratic senators have asked the DOJ and AG Pam Bondi for details on President Trump’s pardon of Binance CEO Changpeng “CZ” Zhao, raising concerns it may signal tolerance for illegal activity and questioning potential financial ties between Zhao and Trump. - [Brazilian Solar Firm Eyes Bitcoin Mining to Tap Wasted Power](https://news.shib.io/2025/10/30/brazilian-solar-firm-eyes-bitcoin-mining-to-tap-wasted-power/): Brazilian solar energy firm Thopen is exploring Bitcoin mining to convert surplus renewable power into revenue, boost efficiency, and expand its presence in clean energy and digital assets. - [Germany’s AfD Pushes to Make Bitcoin a National Strategic Asset](https://news.shib.io/2025/10/30/germanys-afd-pushes-to-make-bitcoin-a-national-strategic-asset/): Germany’s main opposition party, AfD, has proposed recognizing Bitcoin as a strategic national asset, calling for reduced regulation, tax clarity, and a government statement on its role in digital freedom and financial sovereignty. - [CZ Threatens Lawsuit Against Senator Warren Over Trump Bribery Claim](https://news.shib.io/2025/10/30/cz-threatens-lawsuit-against-senator-warren-over-trump-bribery-claim/): Binance founder Changpeng “CZ” Zhao is reportedly preparing a libel lawsuit against Senator Elizabeth Warren over claims that he bribed former President Donald Trump for a pardon, a charge Zhao denies. The dispute highlights growing tensions between crypto leaders and U.S. policymakers. - [How Social Media Amplifies Crypto Pump and Dumps and Investor Risk](https://news.shib.io/2025/10/30/how-social-media-amplifies-crypto-pump-and-dumps-and-investor-risk/): Social media amplifies crypto pump and dumps, turning hype and FOMO into market manipulation that drives quick gains, sudden crashes, and shaken investor trust. - [Senators Move to Ban AI Chatbots for Kids After Alarming Reports](https://news.shib.io/2025/10/29/senators-move-to-ban-ai-chatbots-for-kids-after-alarming-reports/): Senators Josh Hawley and Richard Blumenthal have introduced bipartisan legislation to restrict AI chatbots for minors, requiring strict age verification after concerns that such tools expose children to sexual content and self-harm risks. - [France Pushes Back on Digital Euro — A Win for Bitcoin and SHIB?](https://news.shib.io/2025/10/29/france-pushes-back-on-digital-euro-a-win-for-bitcoin-and-shib/): French lawmakers led by Éric Ciotti are pushing to block the European Central Bank’s digital euro, promoting euro-denominated stablecoins and crypto investments instead. - [Elon Musk Launches “Grokipedia,” His AI-Powered Rival to Wikipedia](https://news.shib.io/2025/10/29/elon-musk-launches-grokipedia-his-ai-powered-rival-to-wikipedia/): Elon Musk’s xAI has launched Grokipedia, an AI-powered, open-source encyclopedia positioned as a Wikipedia alternative. The platform lets users add, edit, or remove content, with Grok generating factual summaries for new entries. Reactions are mixed, with critics questioning neutrality and potential biases, while supporters praise its controlled, transparent approach. Grokipedia grows dynamically with user interactions, and Wikipedia has already created a page about the platform, which some see as a defensive response. - [Bitwise Nearly $223M Solana ETF Soars After New SEC Staking Clarity](https://news.shib.io/2025/10/29/bitwise-nearly-223m-solana-etf-soars-after-new-sec-staking-clarity/): Bitwise has launched the first U.S. Solana Staking ETF (BSOL), quickly amassing nearly $223 million in assets. The fund offers investors exposure to Solana while earning staking rewards, following recent SEC clarification on proof-of-stake regulations that opened the door for such products. - [6 Terms to Understand Before You Interact with Smart Contracts](https://news.shib.io/2025/10/29/6-terms-to-understand-before-you-interact-with-smart-contracts/): A beginner-friendly guide explaining six key terms that help users understand and safely interact with smart contracts in Web3. - [Kyrgyzstan Launches Stablecoin, Confirms Plans for National CBDC](https://news.shib.io/2025/10/28/kyrgyzstan-launches-stablecoin-confirms-plans-for-national-cbdc/): Kyrgyzstan has launched a som-backed stablecoin, KGST, and revealed plans for a central bank digital currency and a national crypto reserve, with Binance supporting the rollout and the central bank testing a closed-chain pilot for government and commercial payments. - [Senator Thom Tillis Says Clock Is Ticking for US Crypto Legislation](https://news.shib.io/2025/10/28/senator-thom-tillis-says-clock-is-ticking-for-us-crypto-legislation/): Senator Thom Tillis warned that Congress has limited time to advance cryptocurrency legislation before the 2026 elections, with key bills like the CLARITY Act stalled by the government shutdown. He has supported balanced crypto policies, including audits and anti-money laundering measures, highlighting growing recognition of digital assets’ role in the financial system. - [Zoom CEO Predicts AI Will Cut the Workweek to Just Four Days](https://news.shib.io/2025/10/28/zoom-ceo-predicts-ai-will-cut-the-workweek-to-just-four-days/): Zoom CEO Eric Yuan envisions AI transforming the workplace, with digital assistants handling tasks, enabling shorter workweeks, and redefining collaboration. - [Japan Enters Stablecoin Race with Launch of First Yen-Backed JPYC](https://news.shib.io/2025/10/28/japan-enters-stablecoin-race-with-launch-of-first-yen-backed-jpyc/): JPYC Inc. has introduced Japan’s first yen-backed stablecoin and platform, aiming to modernize digital payments under new regulations that allow stablecoins issued by licensed institutions. The move signals Japan’s growing commitment to regulated digital finance. - [What Is Token Burning and Why Do Crypto Projects Do It?](https://news.shib.io/2025/10/28/what-is-token-burning-and-why-do-crypto-projects-do-it/): Token burning is when crypto projects permanently remove tokens from circulation to reduce supply, boost scarcity, and strengthen long-term value and community confidence. While it can signal commitment and create deflationary effects, it doesn’t always guarantee price gains and can sometimes be used for hype. In the end, burning isn’t destruction, it’s strategy. - [Western Union Bets on Stablecoins — What It Could Mean for SHIB Holders](https://news.shib.io/2025/10/27/western-union-bets-on-stablecoins-what-it-could-mean-for-shib-holders/): Western Union is piloting a stablecoin-based system to modernize remittances, aiming for faster, cheaper, and more transparent cross-border money transfers while boosting crypto adoption and potentially benefiting tokens like SHIB. - [President Trump Nominates Pro-Crypto Michael Selig as CFTC Chair](https://news.shib.io/2025/10/27/president-trump-nominates-pro-crypto-michael-selig-as-cftc-chair/): President Trump has nominated Michael Selig, SEC Crypto Task Force chief counsel, to chair the CFTC. The nomination follows the withdrawal of Brian Quintenz and has received industry praise for Selig’s expertise in promoting innovation and clear regulation in the crypto sector. - [OpenAI CEO Sam Altman Says AI Could Replace Jobs That Aren’t “Real Work”](https://news.shib.io/2025/10/27/openai-ceo-sam-altman-says-ai-could-replace-jobs-that-arent-real-work/): OpenAI CEO Sam Altman sparked debate by suggesting that many modern jobs at risk of AI replacement might not be “real work,” unlike essential labor such as farming. While some online users agreed, others argued AI could create new types of work, spotlighting broader questions about how society defines value, purpose, and work in an automated future. - [Coinbase CEO Says the Future of Startups Is Entirely On-Chain](https://news.shib.io/2025/10/27/coinbase-ceo-says-the-future-of-startups-is-entirely-on-chain/): Coinbase CEO Brian Armstrong outlined a vision for startups to operate entirely on-chain, from incorporation to public trading, using blockchain for faster, fairer, and more transparent capital formation. His proposal aligns with Coinbase’s call for the U.S. government to modernize financial oversight with blockchain, AI, and APIs, reflecting a broader push to digitize the financial system. - [Beyond HODL and FOMO: 6 Lesser-Known Crypto Terms Explained Better](https://news.shib.io/2025/10/27/beyond-hodl-and-fomo-6-lesser-known-crypto-terms-explained-better/): An exploration of six lesser-known crypto terms that reveal how blockchain ecosystems really work, from MEV and airdrop farming to token burns and layer 2 rollups — showing how crypto’s evolving language mirrors the future of digital finance. - [Legends and Ledgers](https://news.shib.io/2025/10/24/legends-and-ledgers/) - [4 Ways Crypto Mining is Transforming Technology, Finance, and the Global Economy](https://news.shib.io/2025/10/24/4-ways-crypto-mining-is-transforming-technology-finance-and-the-global-economy/): Crypto mining powers blockchain networks, drives technological innovation, supports decentralized finance, and influences global markets, making it a key force in the digital economy. - [Tucker Carlson Says He Won’t Buy Bitcoin, Suspects CIA Created It](https://news.shib.io/2025/10/24/tucker-carlson-says-he-wont-buy-bitcoin-suspects-cia-created-it/): Tucker Carlson said he won’t invest in Bitcoin, suggesting its mysterious creator, Satoshi Nakamoto, may have ties to the CIA. His remarks sparked debate across the crypto community, with figures like Jack Mallers arguing that Bitcoin’s open-source nature makes its origins irrelevant, while EasyA co-founder Dom Kwok noted that Carlson’s skepticism mirrors questions many outsiders still have about who created Bitcoin. - [Trump Pardons Binance Founder CZ, Declares “War on Crypto Is Over”](https://news.shib.io/2025/10/24/trump-pardons-binance-founder-cz-declares-war-on-crypto-is-over/): President Trump has pardoned Binance founder Changpeng “CZ” Zhao following lobbying and public support, ending his legal penalties from a 2024 crypto compliance case. The move highlights Trump’s involvement in crypto matters and signals a shift away from the previous administration’s regulatory crackdown. - [OpenAI’s Atlas Browser Faces Backlash Over Prompt Injection Threats](https://news.shib.io/2025/10/24/openais-atlas-browser-faces-backlash-over-prompt-injection-threats/): OpenAI’s ChatGPT Atlas browser is under scrutiny as experts warn that prompt injection vulnerabilities could expose sensitive data, especially for crypto users. - [FCA Sues HTX Over Illegal UK Crypto Ads — Big Warning for Exchanges](https://news.shib.io/2025/10/24/fca-sues-htx-over-illegal-uk-crypto-ads-big-warning-for-exchanges/): The UK’s Financial Conduct Authority (FCA) has filed a lawsuit against entities connected to crypto exchange HTX, accusing them of illegally promoting digital asset services to British consumers. The move highlights the FCA’s intensified crackdown on unauthorized crypto marketing and reinforces its commitment to protecting investors and enforcing compliance within the sector. - [Meta Adds WhatsApp and Messenger Warnings to Protect Seniors from Online Scams](https://news.shib.io/2025/10/23/meta-adds-whatsapp-and-messenger-warnings-to-protect-seniors-from-online-scams/): Meta has introduced new scam detection features on WhatsApp and Messenger to protect older users, including screen-sharing warnings and AI-powered chat alerts. - [Fetch.ai CEO Offers $250K Bounty Amid Alleged Ocean Protocol Token Scandal](https://news.shib.io/2025/10/23/fetch-ai-ceo-offers-250k-bounty-amid-alleged-ocean-protocol-token-scandal/): Fetch.ai CEO Humayun Sheikh has accused the Ocean Protocol Foundation of misusing 286 million FET tokens and announced a $250,000 bounty for information on those allegedly involved. The dispute, linked to the 2024 merger that created the Artificial Superintelligence Alliance, has raised concerns about governance and transparency in AI-driven blockchain collaborations. - [Kadena Team Exits, KDA Token Crashes Nearly 80% Amid “Market Conditions”](https://news.shib.io/2025/10/23/kadena-team-exits-kda-token-crashes-nearly-80-amid-market-conditions/): Kadena’s founding team has announced it will cease operations and end network maintenance, citing poor market conditions. The decision caused the KDA token to crash nearly 80%. While the blockchain will continue running independently under its decentralized proof-of-work model, a small team will manage the transition as the network moves toward community-led governance. - [K9 Finance DAO Restores BONE Staking, Unstaking Now Takes 24 Hours](https://news.shib.io/2025/10/23/k9-finance-dao-restores-bone-staking-unstaking-now-takes-24-hours/): K9 Finance DAO has restored liquid staking for BONE tokens on Shibarium, allowing near-instant staking from Ethereum to Shibarium and 24-hour unstaking in line with updated withdrawal rules. The move follows a late-September exploit and marks a full return of Shibarium’s DeFi functionality, reinforcing liquidity, user confidence, and cross-chain stability across the ecosystem. - [Tokens and Coins: Understanding Their Key Differences And Practical Uses](https://news.shib.io/2025/10/23/tokens-and-coins-understanding-their-key-differences-and-practical-uses/): Tokens and coins are digital assets with distinct roles in crypto. Coins run on their own blockchains and act as digital money, while tokens exist on top of other blockchains and represent assets, access, or governance rights. Understanding the differences helps with trading, investing, staking, and participating safely in DeFi, NFTs, and DAOs. - [Fintech and Crypto Groups Urge CFPB to Finalize Strong Open Banking Rule](https://news.shib.io/2025/10/22/fintech-and-crypto-groups-urge-cfpb-to-finalize-strong-open-banking-rule/): A coalition of fintech, crypto, and retail groups is urging the CFPB to finalize a strong open banking rule that keeps consumer financial data under user control, maintains the ban on data access fees, and fosters fair competition. The outcome could directly impact SHIB holders, improving trading access, wallet integrations, liquidity, and adoption across crypto markets. - [Polygon CEO Criticizes Ethereum Foundation Over Support and L2 Recognition](https://news.shib.io/2025/10/22/polygon-ceo-criticizes-ethereum-foundation-over-support-and-l2-recognition/): Polygon CEO Sandeep Nailwal criticized the Ethereum Foundation and its community, accusing them of dismissing Polygon’s legitimacy as a true Layer-2 solution. He also expressed frustration over the lack of support despite Polygon’s major contributions, while Ethereum co-founder Vitalik Buterin acknowledged Polygon’s impact but noted it still lacks full Layer-2 security features. - [X Unveils Handles Marketplace for Inactive Usernames, Sparking Debate](https://news.shib.io/2025/10/22/x-unveils-handles-marketplace-for-inactive-usernames-sparking-debate/): X has launched Handles Marketplace, a new platform that lets Premium users bid on inactive usernames. While some users see it as innovation, others criticize it as another monetization move that shifts value away from the community. - [Coinbase Urges US to Harness Blockchain & AI to Combat Crypto Crime](https://news.shib.io/2025/10/22/coinbase-urges-us-to-harness-blockchain-ai-to-combat-crypto-crime/): Coinbase has urged the U.S. government to modernize its approach to financial crime prevention by adopting blockchain, AI, and API technologies. In a formal letter to the Treasury, the exchange outlined four key reforms, including regulatory safe harbors and updated AML rules, to strengthen digital asset oversight. - [What Are Liquidity Pools And How They Really Work In Decentralized Finance](https://news.shib.io/2025/10/22/what-are-liquidity-pools-and-how-they-really-work-in-decentralized-finance/): Liquidity pools power decentralized finance by letting users deposit crypto into shared pools that enable trading and earn rewards. This beginner-friendly guide explains how they work, why they’re essential to platforms like Uniswap and ShibaSwap, and how to earn safely while managing risks like impermanent loss and token volatility. - [Cuomo Eyes NYC Comeback with Bold Crypto, AI, and Biotech Plans](https://news.shib.io/2025/10/21/cuomo-eyes-nyc-comeback-with-bold-crypto-ai-and-biotech-plans/): Former Governor Andrew Cuomo is reportedly aiming to make New York City a global tech hub if elected mayor, proposing a Chief Innovation Officer and an advisory council focused on AI, blockchain, and biotech. His plan seeks to modernize city agencies, attract investment and jobs, and strengthen NYC’s role in emerging technologies. - [The Tech Powering the New Shib Alpha Layer](https://news.shib.io/2025/06/16/shib-alpha-layer/): The Shib Alpha Layer is setting a new direction for the Shiba Inu ecosystem, introducing encrypted smart contracts, ultra-fast transactions, and a unified user experience.  In a major announcement, lead developer Kaal Dhairya unveiled Shib Alpha Layer (beta)—a rollup abstraction stack designed to scale Shibarium while providing groundbreaking privacy features. “Today we flip the script,” Kaal declared.  “For years we’ve been called ‘just a meme,’ spammed with Wen Shibarium?, and drowned in FUD from bots, burnt deadweight ex-team but instead of arguing, we shipped.” What Makes Shib Alpha Layer Different? At the heart of this development is Fully Homomorphic Encryption - [Trump Pushes Clear Crypto Regulations as Senate Preps GENIUS Act Vote](https://news.shib.io/2025/06/16/trump-pushes-clear-crypto-regulations-as-senate-preps-genius-act-vote/): In a surprise recorded message at Coinbase’s 2025 State of Crypto Summit, President Donald Trump has criticized the Biden administration’s tough stance on crypto regulations and has reaffirmed his commitment to positioning the U.S. as the world’s “crypto capital” through more crypto-friendly policies. Trump emphasized that from the very first day of his term, his administration moved to halt what he described as the Biden administration’s “absolute war” on cryptocurrency, characterizing the previous approach as highly unfair. “We ended Operation Chokepoint 2.0, I created the first presidential working group on digital assets, I named a pro-freedom, pro-innovation SEC chair—a great - [Circle’s Jeremy Allaire Says Stablecoins Near Breakout Moment](https://news.shib.io/2025/06/16/circles-jeremy-allaire-says-stablecoins-near-breakout-moment/): Jeremy Allaire, CEO of fintech giant Circle, forecasts that stablecoins will soon draw as much developer interest as the iPhone, signaling a major shift in digital finance innovation. Following Circle’s debut on the New York Stock Exchange, its CEO weighed in on the role of stablecoins via a post on X, responding to a16z Crypto partner Sam Broner who argued that stablecoins promote competition within the financial system. “The highest utility form of money ever created,” Allaire wrote. “And we are not quite yet at the iPhone moment when developers everywhere realize the power and opportunity of programmable digital dollars - [Trump Media Gets SEC Nod for $2.3B Bitcoin-Linked Stock Deal](https://news.shib.io/2025/06/16/trump-media-gets-sec-nod-for-2-3b-bitcoin-linked-stock-deal/): Trump Media & Technology Group (TMTG), the company behind President Donald Trump’s Truth Social, has cleared a major regulatory hurdle as its $2.3 billion Bitcoin treasury plan received approval from the U.S. Securities and Exchange Commission (SEC). A filing dated June 13 confirmed that the SEC declared effective TMTG’s S-3 registration statement, originally submitted on June 6. According to the filing, Trump Media’s registration covers around 56 million shares, along with another 29 million shares connected to convertible notes. These shares are part of the company’s larger equity and debt arrangements involving about 50 investors.  The combined equity and debt - [Vietnam Digital Asset Law Recognizes Crypto in Major Regulatory Shift](https://news.shib.io/2025/06/16/vietnam-digital-asset-law-recognizes-crypto-in-major-regulatory-shift/): Vietnam has taken a major step toward regulating crypto with the passage of its new digital asset law, officially recognizing digital assets under national legislation. The law defines crypto as assets that use encryption or related technologies for their creation, issuance, storage, and transfer. Vietnam’s newly approved digital asset law will introduce two distinct classifications: virtual assets and crypto assets, according to local media. Virtual assets, described as a form of digital asset used for exchange or investment, will be treated separately from securities, fiat-backed digital currency, and other financial instruments already covered by civil or financial regulations. Crypto assets, - [Coins and Tokens Explained: A Must-Know for Every Crypto Beginner](https://news.shib.io/2025/06/16/coins-and-tokens-explained-a-must-know-for-every-crypto-beginner/): Welcome to the wild and wonderful world of crypto, where digital money and futuristic tech collide! If you’ve dipped your toes into this space, you’ve probably heard the terms coins and tokens tossed around like confetti at a party. But what exactly are they, and why should you care? Understanding the difference between coins and tokens isn’t just crypto jargon—it’s your secret weapon to navigate the space like a pro. Whether you’re thinking about investing, trading, or just want to sound smart at your next Zoom call, knowing these basics helps you avoid confusion and spot the right opportunities. Don’t - [X Account](https://news.shib.io/2025/06/15/the-shib-x-account/): Real-time crypto coverage as it happens. - [LinkedIn Page](https://news.shib.io/2025/06/15/the-shib-linkedin-page-2/): Sharp crypto insights for the Web3 professional. - [Facebook Page](https://news.shib.io/2025/06/15/the-shib-linkedin-page/): Bringing Shib Daily’s reports to your feed. - [Instagram Account](https://news.shib.io/2025/06/15/the-shib-instagram-account/): Visual highlights of the latest headlines - [TikTok Account](https://news.shib.io/2025/06/15/the-shib-tiktok-account/): Fast, fresh crypto news — direct from the newsroom - [YouTube Channel](https://news.shib.io/2025/06/15/the-shib-youtube-channel/): Breaking down the biggest stories with videos and explainers. - [Shib Super Layer](https://news.shib.io/2025/06/13/shib-super-layer/) - [Massive $SHIB Giveaway: 30M+ Up for Grabs in Epic 'Legends Quest'](https://news.shib.io/2025/06/13/massive-shib-giveaway-30m-up-for-grabs-in-epic-legends-quest/): Astra Nova just kicked off with The Legends Quest and it’s shaping up to be the project’s biggest push yet to bring its growing Web3 gaming world closer to the Shiba Inu community. This new campaign, which launched Monday, features more than 30 million Shiba Inu ($SHIB) tokens in monthly rewards. That’s right—30 million SHIB, ready to be claimed by anyone who can climb the leaderboard.  It’s a clever way to drive engagement ahead of something bigger: Astra Nova says this whole quest is leading up to a major collaboration announcement with the Shiba Inu ecosystem, expected very soon. So, - [New Shib Rollups Unlocks Custom Blockchains on Shibarium](https://news.shib.io/2025/06/13/new-shib-rollups-unlocks-custom-blockchains-on-shibarium/): Shib Rollups is now live, as Shiba Inu pushes deeper into blockchain infrastructure with a new platform that lets developers launch their own customizable Layer 2 blockchains on Shibarium.  The announcement, made Thursday, signals Shiba Inu’s official entry into the fast-growing Rollups-as-a-Service (RaaS) space, offering dedicated blockchain environments for decentralized applications (dApps). How Shib Rollups Expands the Ecosystem The Shib Rollups is powered by Shiba Inu’s recently introduced Shib Alpha Layer, a key component of the network’s evolving architecture. This infrastructure is designed to handle transaction sequencing and data coordination across multiple rollups, making it possible for projects to build - [Ethereum Foundation Under Fire: Dev Alleges 'Secret Team'](https://news.shib.io/2025/06/13/ethereum-foundation-under-fire-dev-alleges-secret-team/): Péter Szilágyi, lead developer for Geth and former Ethereum Foundation (EF) employee, has accused the organization of both undermining his team and secretly establishing a parallel Geth development unit. In a post on X, Szilágyi detailed various methods by which the organization allegedly sought to weaken the Geth development team. These included urging developers to pursue opportunities at other companies, suggesting reductions in their compensation, and proposing a $5 million payment for the team to transition into a private entity. “Did you all know EF started (and funded) a second Geth team [inside Nethermind]? One “100% independent fork from us, - [Disney, Universal Challenge Midjourney in Copyright Clash](https://news.shib.io/2025/06/13/disney-universal-challenge-midjourney-in-copyright-clash/): Entertainment powerhouses Disney and Universal have initiated legal action against artificial intelligence (AI) firm Midjourney, alleging copyright infringement by its image-generating software. This lawsuit follows the AI company’s reported disregard for requests to implement measures preventing the unauthorized use of copyrighted material. In a legal complaint submitted Wednesday in Los Angeles, Disney, and Universal contend that Midjourney has utilized copyrighted character works to train its large language model (LLM) and subsequently distributed images featuring these protected characters. “Midjourney, however, seeks to reap the rewards of Plaintiffs’ creative investment by selling an artificial intelligence (“AI”) image-generating service (“Image Service”) that functions - [Crypto Kidnapping: French Police Apprehend More Suspects in Brutal Case](https://news.shib.io/2025/06/13/crypto-kidnapping-french-police-apprehend-more-suspects-in-brutal-case/): French authorities have reportedly apprehended multiple individuals in connection with a recent crypto kidnapping case involving the abduction of a cryptocurrency entrepreneur’s father, who was held captive for several days in May. According to local reports, a source familiar with the case noted that the several individuals that were taken into custody were likely connected to the kidnapping of a crypto entrepreneur’s father which occurred in broad daylight within Paris’s southern 14th arrondissement, where four masked assailants forcibly moved the victim into a delivery van while onlookers observed. The crypt entrepreneur’s father, abducted in early May, was held captive for - [Binance Opens Full Crypto Trading in Syria After Sanctions Lift](https://news.shib.io/2025/06/13/binance-opens-full-crypto-trading-in-syria-after-sanctions-lift/): Binance, the world’s leading cryptocurrency exchange, has announced it will now permit users in Syria to engage in cryptocurrency trading, including assets such as Bitcoin (BTC), SHIB, and XRP. This expansion follows the United States’ decision last month to lift economic sanctions previously imposed on the country. “We believe financial freedom should be accessible to everyone. And now, with US sanctions lifted, we’re excited to announce that Syrian residents can finally join our 270 M+ global users shaping the future of finance,” Binance wrote in an official statement on X.  Binance further clarified that Syrian nationals will be granted comprehensive - [Smart Contracts: Revolutionizing Trust and Automation Principles](https://news.shib.io/2025/06/13/smart-contracts-revolutionizing-trust-and-automation-principles/): Ever felt the frustration of a deal bogged down by endless paperwork, phone calls, or costly middlemen? Traditional agreements, from big business deals to simple online purchases, often bring hidden friction, delays, and a reliance on others to ensure things go smoothly. But what if agreements could enforce themselves, automatically? That’s where smart contracts come in. Imagine a digital agreement that lives on a secure, public record called a blockchain. Unlike paper contracts, smart contracts are self-executing: when certain conditions are met, the deal automatically carries out its terms, no human needed, and no one can tamper with it once - [Russian Devices Hijacked for Covert Crypto Mining & Key Theft](https://news.shib.io/2025/06/12/russian-devices-hijacked-for-covert-crypto-mining-key-theft/): The Librarian Ghouls APT group has covertly leveraged Russian business computers, transforming them into illicit crypto mining operations while simultaneously exfiltrating sensitive financial data and private keys. According to research from Kaspersky, the Librarian Ghouls APT group, also identified as Rare Werewolf and Rezet, orchestrated a dual-purpose cyberattack. This sophisticated campaign covertly leverages victims’ own hardware for crypto mining while simultaneously stealing sensitive crypto wallet credentials and private keys through targeted phishing. This cybercriminal operation reportedly gains unauthorized remote access to deploy Monero mining software on victim machines, while simultaneously extracting valuable cryptocurrency wallet credentials and private keys. The scheme - [NYC Crypto Kidnapping: Not Guilty Pleas in Torture Case](https://news.shib.io/2025/06/12/nyc-crypto-kidnapping-not-guilty-pleas-in-torture-case/): Defendants John Woeltz and William Duplessie have entered not-guilty pleas to all charges related to the alleged crypto kidnapping and false imprisonment of cryptocurrency holder Michael Valentino Teofrasto Carturan during his visit to New York City.  According to a report by Reuters, Woeltz and Duplessie were denied bail by Justice Gregory Carro during their appearance in a Manhattan court, where they face charges that could lead to a life sentence upon conviction. Woeltz and Duplessie’s legal team challenged the prosecution’s narrative of Carturan’s torture. Sam Talkin, representing Duplessie, asserted that the purported victim was “having the time of his life” - [US Senate Advances GENIUS Act Stablecoin Bill Amid Concerns](https://news.shib.io/2025/06/12/us-senate-advances-genius-act-stablecoin-bill-amid-concerns/): The U.S. Senate has voted 68-30 to advance the GENIUS Act, a stablecoin regulation bill, overcoming weeks of legislative stalemate previously linked to concerns surrounding President Donald Trump’s cryptocurrency ties. Speaking from the Senate floor on June 11, Majority Leader John Thune advocated for the bill’s passage, aligning with sentiments expressed by President Trump regarding digital assets, notably the aspiration to establish the U.S. as a global “crypto capital.” A bipartisan majority of senators, including numerous Democrats, cast votes to invoke cloture on the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act. This procedural step clears the - [Nailwal Takes Helm as Polygon CEO, Charts New Future for POL](https://news.shib.io/2025/06/12/nailwal-takes-helm-as-polygon-ceo-charts-new-future-for-pol/): In a significant leadership shift for the Polygon ecosystem, co-founder Sandeep Nailwal has announced he is taking full executive control as the first CEO of the Polygon Foundation. Nailwal confirmed his assumption of the CEO role in a recent announcement on X — clarifying that Marc Boiron will retain his position as CEO of Polygon Labs, a significant entity operating under the Foundation’s ownership and oversight. Nailwal said that his decision to assume the CEO role stems from his conviction that Polygon requires clear direction and focused execution during its current phase. “With a healthy treasury and several hundred million - [How To Identify and Evaluate Promising Web3 Projects (Beyond the Hype)](https://news.shib.io/2025/06/12/how-to-identify-and-evaluate-promising-web3-projects-beyond-the-hype/): Let’s dive into the exciting, sometimes bewildering, world of Web3 projects! It’s like stepping into a futuristic carnival where everyone’s shouting about the next big thing, glittering prizes are promised, and shiny new rides pop up every day. But, much like a real carnival, there’s also a lot of noise, a few rigged games, and maybe even a clown or two trying to trick you.  Sorting through the genuine breakthroughs to find Web3 projects with real staying power can feel like trying to find a needle in a digital haystack, especially with all the hype, technical jargon, and unfortunate scams - [Upgrade Your DeFi Game: ShibaSwap 2.0 Makes Migration Seamless](https://news.shib.io/2025/06/11/upgrade-your-defi-game-shibaswap-2-0-makes-migration-seamless-2/) - [ShibaSwap 2.0 Introduces APR Display: A New Tool Empowers Liquidity Providers](https://news.shib.io/2025/06/11/shibaswap-2-0-introduces-apr-display-a-new-tool-empowers-liquidity-providers-2/) - [ShibaSwap 2.0 Unleashes A New Era of Seamless Trading With Multi-Hop Swaps](https://news.shib.io/2025/06/11/shibaswap-2-0-unleashes-a-new-era-of-seamless-trading-with-multi-hop-swaps-2/) - [ShibaSwap 2.0 Makes Earning Easier: Claim Rewards Without Withdrawing Liquidity](https://news.shib.io/2025/06/11/shibaswap-2-0-makes-earning-easier-claim-rewards-without-withdrawing-liquidity/) - [OpenAI Delays Open Model After Widespread ChatGPT Outage](https://news.shib.io/2025/06/11/openai-delays-open-model-after-widespread-chatgpt-outage/): Artificial intelligence (AI) firm OpenAI has pushed back the release of its open-source AI model, now expected later this summer, without disclosing specific reasons for the delay. “[W]e are going to take a little more time with our open-weights model, i.e. expect it later this summer but not [J]une,” OpenAI CEO Sam Altman wrote in a post on X, confirming the delay. He added that the AI firm’s research team achieved something “unexpected and quite amazing,” and the company believes the delay will be justified, though more time is needed. The AI firm initially planned to launch its open-weight model - [American Bitcoin Stacks $23M in BTC Ahead of Public Market Debut](https://news.shib.io/2025/06/11/american-bitcoin-stacks-23m-in-btc-ahead-of-public-market-debut/): Bitcoin mining company American Bitcoin (ABTC), backed by President Donald Trump’s sons, Eric Trump and Donald Trump Jr., has quietly accumulated $23 million in Bitcoin as it prepares to go public through a merger with crypto infrastructure firm Gryphon Digital Mining Inc. A June 6 filing with the U.S. Securities and Exchange Commission (SEC) revealed that ABTC acquired around 215 Bitcoin as of May 31, less than two months after launching operations on April 1, 2025.  The company’s recent accumulation strategy signals its broader ambitions, positioning itself not just as a mining operation but also as a long-term holder of - [Senator Lummis Calls for Crypto Tax Reform to Address Unfair Tax Rules](https://news.shib.io/2025/06/11/senator-lummis-calls-for-crypto-tax-reform-to-address-unfair-tax-rules/): Wyoming Senator Cynthia Lummis has urged reform of the current crypto tax policy, noting that Bitcoin and other digital assets have been unfairly impacted by flawed tax regulations. “Bitcoin and digital assets are being unfairly targeted because of flawed tax rules. We need crypto revisions in reconciliation,” Senator Lummis wrote in a June 10 X post.  Senator Lummis, often dubbed Congress’s “Crypto Queen,” has taken a leading role in advancing cryptocurrency policy through her introduction of the BITCOIN Act. This legislation seeks to formalize President Donald Trump’s executive order by establishing a strategic Bitcoin reserve at the federal level. At - [House Agriculture Committee Advances CLARITY Act to Clarify Crypto Rules](https://news.shib.io/2025/06/11/house-agriculture-committee-advances-clarity-act-to-clarify-crypto-rules/): The U.S. House Agriculture Committee has voted to advance the CLARITY Act, a legislative proposal aimed at establishing a formal regulatory framework for digital assets. The vote comes as members of the House Financial Services Committee simultaneously reviewed a developer-focused amendment to the bill. Lawmakers on the House Agriculture Committee voted 47-6 on Tuesday to move the Digital Asset Market Clarity Act forward, signaling strong bipartisan support for creating clear rules around digital assets.  Committee Chair GT Thompson, in his opening remarks, confirmed that the bill is set to move to the full House for consideration. He noted that lawmakers - [Heard These 10 Crypto Terms? Here’s What They Actually Mean](https://news.shib.io/2025/06/11/heard-these-10-crypto-terms-heres-what-they-actually-mean/): Crypto terms can sometimes feel like a secret language—full of buzzwords that make newcomers scratch their heads. If you’ve ever stared at your screen wondering what on earth “HODL,” “FOMO,” or “staking” means, you’re not alone. The crypto world is packed with jargon that can sound like a whole different universe, but don’t worry—we’re here to break it down for you. Understanding these key crypto terms is your golden ticket to navigating the wild world of cryptocurrencies without feeling lost or overwhelmed. Knowing what people are actually talking about helps you make smarter decisions, join conversations with confidence, and maybe - [Evita Pay CEO Charged with Laundering $530M from Sanctioned Russian Banks](https://news.shib.io/2025/06/10/evita-pay-ceo-charged-with-laundering-530m-from-sanctioned-russian-banks/): Iurii Gugnin, founder of crypto startup Evita Pay, has been charged by the U.S. Department of Justice (DOJ) with multiple offenses tied to international money movement. Prosecutors allege he used his cryptocurrency platform to route more than $500 million in overseas payments through U.S. banks and exchanges while concealing their origin and purpose. Gugnin was arrested and arraigned in New York on Monday, according to a press release from the DOJ. The Evita Pay founder now faces a 22-count indictment that includes charges of wire and bank fraud, conspiracy to defraud the United States, violating the International Emergency Economic Powers - [Telegram Founder Pavel Durov Questions Arrest in France: ‘I’m Still Confused’](https://news.shib.io/2025/06/10/telegram-founder-pavel-durov-questions-arrest-in-france-im-still-confused/): Telegram founder Pavel Durov has said he still doesn’t know why he was detained by French authorities in August 2024. In a new interview with political commentator Tucker Carlson, he suggested the incident may have been politically motivated and possibly linked to government scrutiny over alleged illicit activity on the messaging app. In a June 10 YouTube interview, Durov revealed that during his arrest at Le Bourget Airport near Paris last year, French authorities seemed chiefly focused on understanding the inner workings of the cloud-based messaging platform.  Durov noted that Telegram is audited by a Big Four accounting firm, works - [Bitcoin Scam Hits Paraguay President’s X Account with Fake Adoption Claims](https://news.shib.io/2025/06/10/bitcoin-scam-hits-paraguay-presidents-x-account-with-fake-adoption-claims/): Paraguayan President Santiago Peña’s office has disavowed an unauthorized post from his official X account that claimed the country would adopt Bitcoin as legal tender, calling it a false announcement tied to a Bitcoin scam. A June 9 post from President Peña’s official X account confirmed the account had been compromised and used to spread false information related to Bitcoin. The statement noted that the account is now under the oversight of CERTPY, a powerful cybersecurity tool, and advised the public to disregard any unverified content. The confirmation of the breach came shortly after the president’s official account published a - [UK Insolvency Service Hires Ex-Cop to Track Crypto in Bankruptcy Cases](https://news.shib.io/2025/06/10/uk-insolvency-service-hires-ex-cop-to-track-crypto-in-bankruptcy-cases/): The UK’s Insolvency Service has brought on its first-ever crypto intelligence officer, aiming to track and recover digital assets tied to bankruptcies and financial crimes. The move comes as more individuals facing insolvency or prosecution are found holding cryptocurrencies, prompting the agency to boost its digital asset recovery capabilities. The government agency appointed former police investigator Andrew Small as its first crypto intelligence specialist, according to a press release. In this newly created role, Small will support the agency’s efforts to trace digital assets in criminal investigations and offer expert insight into the cryptocurrency market. The Insolvency Service will be - [Decentralized Governance: How DAOs Are Disrupting Traditional Organizations](https://news.shib.io/2025/06/10/decentralized-governance-how-daos-are-disrupting-traditional-organizations/): Picture this: instead of a CEO in a corner office making all the big calls, a global crew of internet strangers gets to weigh in—together, publicly, and (mostly) peacefully. That’s the magic of decentralized governance. On one side, you’ve got traditional organizations—your classic pyramids of power, with bosses, boardrooms, and sometimes enough red tape to knit a sweater. On the other side? Say hello to DAOs, or Decentralized Autonomous Organizations. Think of them as digital collectives that ditch the hierarchy and run on blockchain code and community votes. The core idea here is simple: should decision-making power belong to a - [Argentina’s President Cleared in Libra Token Promotion Probe](https://news.shib.io/2025/06/09/argentinas-president-cleared-in-libra-token-promotion-probe/): Argentine President Javier Milei has been cleared of any misconduct by the country’s federal anti-corruption office following an investigation into his February endorsement of the Libra token. A recent resolution from the office determined that President Milei’s public endorsement of the Libra token was made in a personal capacity and did not involve the use of state resources. The federal anti-corruption office, which operates under a national government ministry, also concluded that Milei’s post on X promoting the token did not breach any federal ethics regulations applicable to public officials. Despite the anti-corruption office’s findings, a separate investigation by a - [Coinbase Slashes Unfair Account Freezes After User Backlash](https://news.shib.io/2025/06/09/coinbase-slashes-unfair-account-freezes-after-user-backlash/): Coinbase CEO Brian Armstrong revealed that the platform has cut down on unnecessary user account freezes by 82%, following a focused effort to address what he described as a significant pain point for customers. According to a June 6 post on X, Armstrong admitted that the issue of account freezing has persisted for longer than it should have. “I could list a bunch of the underlying reasons why it got so bad in the first place, but what’s more important is that we’ve made it a priority to fix, and we have been making good progress,” Armstrong wrote.  Armstrong reported - [Netflix’s ‘House of Streams’ Hits UK and Ireland With 1 BTC](https://news.shib.io/2025/06/09/netflixs-house-of-streams-hits-uk-and-ireland-with-1-btc/): House of Streams, a reality TV series licensed by Netflix for the UK and Ireland, has brought together eight Twitch streamers to compete in a high-stakes challenge for one Bitcoin—valued at over $105,000 as of press time. According to the Times of Malta, the upcoming reality TV series blends classic unscripted television with the fast-paced world of digital content creation. The cast includes online personalities from diverse streaming genres—ranging from video games and gambling to real-life broadcasts that capture spontaneous moments from daily routines. The series is scheduled to premiere on June 18, though it remains unclear why the producers - [Fearing Attacks, Bitcoin Family Hides Keys Across Continents](https://news.shib.io/2025/06/09/fearing-attacks-bitcoin-family-hides-keys-across-continents/): Didi Taihuttu, prominent Bitcoin advocate and head of the well-known “Bitcoin Family,” has confirmed a complete overhaul of his family’s security infrastructure in response to a recent surge in high-profile kidnappings involving cryptocurrency executives and their loved ones. In a recent interview with CNBC, Taihuttu revealed that over the past eight months, the family transitioned away from hardware wallets to adopt a hybrid security system. This approach combines analog and digital methods, with their seed phrases encrypted, divided, and securely stored using blockchain-based encryption services or concealed across four continents. “We have changed everything,” Taihuttu stated on a call from - [Bitcoin Mining Explained: How New Coins Enter the Blockchain](https://news.shib.io/2025/06/09/bitcoin-mining-explained-how-new-coins-enter-the-blockchain/): Imagine a digital treasure hunt happening 24/7, all over the world — that’s basically what Bitcoin mining is! Bitcoin isn’t just some random internet money; it’s a clever digital currency that runs without any banks or middlemen. Instead, it relies on a huge network of computers working together to keep everything running smoothly. But here’s the catch: for this system to work, new bitcoins need to be created and carefully added into the mix. Why? Because unlike traditional money that governments print whenever they want, Bitcoin has a strict limit — only 21 million bitcoins will ever exist. To introduce - [Shib Army: K9 Quest Airdrop Could Unlock Hidden Wallet Rewards](https://news.shib.io/2025/06/06/shib-army-k9-quest-airdrop-could-unlock-hidden-wallet-rewards/): Your digital wallet whispers tales of past Shibarium ventures—forgotten clicks, tokens once held and choices made on-chain. Now, K9 Quest is live. Its algorithmic ears are tuned to that history, and what was once background noise might now sing with real token value. K9 Finance DAO has launched this campaign not as just another airdrop, but as a reward system deeply rooted in wallet history, engagement, and loyalty. And if you’ve been part of the Shib Army, you may already be ahead of the game. What Is K9 Quest? K9 Quest is a 90-day campaign by K9 Finance DAO, designed - [Singapore’s Startup Ecosystem: A Global Model for Innovation and Growth](https://news.shib.io/2025/06/06/singapores-startup-ecosystem-a-global-model-for-innovation-and-growth/): At the “Policy Ecosystem Development for Startups” event in Mongolia, organized by the Mongolian Ministry of Economy and Development, the Asian Productivity Organization, and the Mongolian Productivity Organization, representatives from over ten countries gathered to discuss strategies for fostering startup ecosystems. I had the opportunity to deliver a session titled “Singapore’s Model for Startup Ecosystem,” sharing how Singapore evolved from a colonial trading post into a global innovation hub through strategic policies, robust infrastructure, and international collaborations. This article summarizes the key points from my presentation, offering an objective overview of Singapore’s startup success story. Singapore’s Journey to a Global - [India and US Near 10% Tariff Deal Ahead of Trump’s July 9 Deadline](https://news.shib.io/2025/06/06/india-and-us-near-10-tariff-deal-ahead-of-trumps-july-9-deadline/): Officials from India and the United States have begun two days of closed-door trade negotiations, with both sides aiming to finalize an interim tariff deal. The push for near-term tariff reductions is part of a broader strategy to integrate supply chains, manage political pressures, and reshape digital-era trade cooperation. According to Reuters, negotiators from both countries are aiming to wrap up an interim tariff deal ahead of a July 9 deadline set by President Donald Trump. Two Indian government officials said discussions are centered on lowering tariffs in key sectors like agriculture and automobiles, while also addressing measures to expand - [Corporate Bitcoin Stash Hits $85B as Big Firms Double Down](https://news.shib.io/2025/06/06/corporate-bitcoin-stash-hits-85b-as-big-firms-double-down/): Bitcoin (BTC) has seen a dramatic rise in corporate treasuries, as 116 publicly traded companies now hold a total of 809,100 BTC, valued at approximately $85 billion, up from 312,200 BTC just one year ago. Binance Research’s Monthly Market Insights for June revealed that nearly 100,000 BTC have been added to corporate treasuries since early April.  “Bitcoin’s all-time highs (~US$112K) have renewed corporate FOMO as firms seek balance sheet upside and inflation hedges, supported by improving regulatory clarity and 2025 fair-value accounting changes,” the report wrote. “While BTC remains the core reserve asset, some firms are cautiously diversifying into ETH, - [Circle Skyrockets: Stablecoin Giant Goes Public, Stock Soars 167%](https://news.shib.io/2025/06/06/circle-skyrockets-stablecoin-giant-goes-public-stock-soars-167/): Circle, the company behind the widely used U.S. dollar-pegged stablecoin USD Coin (USDC), has begun trading on the New York Stock Exchange (NYSE) after raising its Initial Public Offering (IPO) target to $1.05 billion just a day prior. Circle CEO Jeremy Allaire announced the news of the firm going public on a June 5 X post. “[Twelve] years ago we set out to build a company that could help remake the global economic system by re-imagining and re-building it from the ground up natively on the internet,” Allaire wrote.  Circle is now publicly listed on the NYSE under the ticker - [Musk and Trump Clash Over “Big Beautiful Bill” Amid Rising Tensions](https://news.shib.io/2025/06/06/musk-and-trump-clash-over-big-beautiful-bill-amid-rising-tensions/): Tech titan Elon Musk has fired back at President Donald Trump following the former president’s remarks about Musk’s sharp criticism of a Republican-backed tax and spending package currently making its way through Congress, which Trump has dubbed the “big beautiful bill.” Speaking from the Oval Office during a bilateral meeting with German Chancellor Friedrich Merz, President Trump voiced frustration with Musk’s recent criticisms of the legislation. He went as far as to hint that the U.S. government might reconsider its extensive partnerships with Musk’s companies. “I’m very disappointed with Elon. I’ve helped him a lot. He knew the inner workings - [NFT Royalties: Can Creators Really Count on Passive Income Forever?](https://news.shib.io/2025/06/06/nft-royalties-can-creators-really-count-on-passive-income-forever/): You’ve probably heard the phrase NFT royalties thrown around like digital confetti, but what does it actually mean? Think of it like this: every time someone resells a piece of digital art, music, or collectible you created, you get a little slice of the pie—automatically. No chasing people down, no paperwork, just sweet, passive income landing in your crypto wallet. That’s the dream, right? Create something once, and get paid again and again every time it changes hands. For digital creators, this sounds like the holy grail of internet art: work less, earn more. But here’s the million-dollar (or at - [Sharpening DeFi Tools](https://news.shib.io/2025/06/05/sharpening-defi-tools/): Welcome to the 78th Edition of The Shib. Ever feel like crypto moves faster than your fingers can tap “approve”? You’re not alone. The DeFi world is evolving — fast — but the good news is, Shiba Inu isn’t just keeping pace. It’s sharpening the edge. - [Ethereum Foundation Sets New Treasury Rules Ahead of Critical 18 Months](https://news.shib.io/2025/06/05/ethereum-foundation-sets-new-treasury-rules-ahead-of-critical-18-months/): The Ethereum Foundation has introduced a revamped treasury strategy aimed at increasing transparency and structure in how it allocates resources, as it continues to bolster Ethereum’s decentralized finance (DeFi) ecosystem. In a recent blog post, the Foundation outlined that its updated financial policy will link day-to-day expenses and cash requirements to its holdings and sales of Ether. The move is designed to reinforce the foundation’s fiscal stability as it prepares for what it describes as a critical 18-month period for the Ethereum network. On June 4, one of the foundation’s directors stated that the organization will regularly reevaluate its annual - [JPMorgan to Back Crypto ETFs for Loans, Signaling Big Shift in Banking](https://news.shib.io/2025/06/05/jpmorgan-to-back-crypto-etfs-for-loans-signaling-big-shift-in-banking/): JPMorgan, the largest bank in the U.S. by assets, JPMorgan, the largest bank in the U.S. by assets, has reported plans to offer trading and wealth-management clients the option of using crypto-linked assets as collateral for loans, reportedly in some cases, the bank will look at crypto holdings when determining net worth, which may affect how much can be borrowed. JPMorgan is preparing to roll out crypto-backed financing options in the coming weeks, starting with exchange-traded funds (ETFs) tied to Bitcoin, according to a June 4 report from Bloomberg. The initiative will initially focus on BlackRock’s iShares Bitcoin Trust—the largest - [Elon Musk Blasts Trump’s $2T Spending Bill Days After White House Exit](https://news.shib.io/2025/06/05/elon-musk-blasts-trumps-2t-spending-bill-days-after-white-house-exit/): Tech billionaire Elon Musk has publicly criticized the Republican-led congressional spending bill aligned with Donald Trump’s agenda, voicing concerns over what he described as reckless government spending and lack of fiscal responsibility. “I’m sorry, but I just can’t stand it anymore,” Musk wrote in a post to his social media platform, X. “This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination. Shame on those who voted for it: you know you did wrong. You know it,” he added.  Musk further argued that the spending bill would significantly expand the nation’s already substantial budget deficit, pushing it to $2.5 - [Crypto Kidnapping Mastermind Caught in Morocco](https://news.shib.io/2025/06/05/crypto-kidnapping-mastermind-caught-in-morocco/): Moroccan authorities have detained a French-Moroccan suspect believed to be behind a high-profile crypto kidnapping targeting an entrepreneur in France, following a wave of abduction attempts that shook the digital finance community. Badiss Mohammed Amide Bajjou, sought by French authorities, was the target of an Interpol red notice over allegations including abduction, unlawful detention, and holding a hostage without legal cause. Bajjou was reportedly taken into custody in Tangier, a city in northern Morocco, according to a Barron’s report. “I sincerely thank Morocco for this arrest, which demonstrates excellent judicial cooperation between our two countries, particularly in the fight against - [What Is Crypto? A Teen-Friendly Guide to Understanding Digital Money](https://news.shib.io/2025/06/05/what-is-crypto-a-teen-friendly-guide-to-understanding-digital-money/): So, you’ve probably heard people say stuff like, “What is crypto?” and wondered why it’s suddenly everywhere. Well, here’s the scoop: crypto is like the cool new kind of money that lives online — no banks, no weird paperwork, just fast, digital cash you can use anywhere. It’s kind of like having magic internet money that’s super secure and totally yours. In simple terms, cryptocurrency (or crypto) is digital money you can’t hold in your hand but can definitely use. Imagine cash that’s all online, that you can send to friends, buy games, or even invest in without waiting forever - [Crypto Mining Crackdown in Russia Leads to Bitcoin Seizure and Power Theft Arrest](https://news.shib.io/2025/06/04/crypto-mining-crackdown-in-russia-leads-to-bitcoin-seizure-and-power-theft-arrest/): Russian authorities have launched a crackdown on illegal crypto mining, targeting individuals who exploit state resources for personal gain. In one case, a power company executive was found to have stolen electricity to mine Bitcoin and has had more than $88,000 in BTC seized. In a recent statement, the Investigative Committee for Russia’s Amur Oblast announced the seizure of Bitcoin valued at approximately 7 million rubles. The digital assets were confiscated from a former executive of a regional power distributor, believed to have previously led the technological connection services division at the Amur branch of the Far Eastern Distribution Company - [US Generals Quietly Back Bitcoin Reserve in China Standoff](https://news.shib.io/2025/06/04/us-generals-quietly-back-bitcoin-reserve-in-china-standoff/): U.S. Senator Cynthia Lummis has revealed that certain divisions of the U.S. military support the creation of a national Bitcoin reserve. Lummis cited input from generals stationed in Southeast Asia who view it as a potential safeguard amid growing economic tensions with China. “There are generals, especially in Southeast Asia, who believe it’s important to have a strategic Bitcoin stockpile because we’re doing an economic war with China and we have to prepare for a guns and bullets war. But we need both,” Lummis stated in an interview with Bloomberg. “All we need to do is look to the leadership - [Coinbase Knew of Insider Data Leak Months Before Public Reveal](https://news.shib.io/2025/06/04/coinbase-knew-of-insider-data-leak-months-before-public-reveal/): Well-known crypto platform Coinbase has come under scrutiny after reports surfaced alleging the crypto exchange withheld details of a customer data breach since January, only disclosing the incident publicly months later. According to Reuters, Coinbase was alerted earlier this year to a potential data breach involving a TaskUs employee—part of an outsourcing firm contracted by the exchange. The individual, based in India, was allegedly observed using a personal phone to photograph sensitive information displayed on her work computer. Five former TaskUs employees stated that they were informed that the worker in question, along with a suspected accomplice, had allegedly sold - [Dubai Approves Ripple's RLUSD for Real Estate and Crypto Services](https://news.shib.io/2025/06/04/dubai-approves-ripples-rlusd-for-real-estate-and-crypto-services/): Ripple Labs’ U.S. dollar-backed stablecoin, RLUSD, has been officially greenlit by Dubai’s top financial regulator for use inside the city’s flagship financial zone. The Dubai Financial Services Authority (DFSA) approved RLUSD as a recognized crypto token within the Dubai International Financial Centre (DIFC), marking a major regulatory win for Ripple’s growing global footprint. In an official statement, Ripple said the DFSA’s approval strengthens RLUSD’s reputation as a reliable, enterprise-focused stablecoin designed with transparency, real-world utility, and regulatory compliance at its foundation. The company framed the recognition as a key milestone in its push to offer compliant digital assets for institutional - [How Will New Crypto Regulations Affect Startups and Investors in 2025?](https://news.shib.io/2025/06/04/how-will-new-crypto-regulations-affect-startups-and-investors-in-2025/): Crypto regulations are like the rules of the playground — they keep things fair, safe, and a bit less wild. And just like every playground eventually needs new rules to keep up with the kids’ latest games, the world of cryptocurrency is seeing some fresh guidelines rolling out in 2025. This year is shaping up to be a big deal because regulators worldwide are stepping up to set clearer boundaries on how crypto can be created, traded, and managed. Why all the fuss in 2025? Well, as crypto grows from a rebellious newcomer into a major player in finance, governments - [Elon Musk’s XChat Claims Bitcoin Encryption — Experts Raise Doubts](https://news.shib.io/2025/06/03/elon-musks-xchat-claims-bitcoin-encryption-experts-raise-doubts/): Elon Musk, the CEO and owner of social media platform X, has revealed the rollout of a new messaging service named XChat, boasting features like end-to-end encryption, self-destructing messages, file sharing, and voice and video calling capabilities. In a post on X, Musk revealed that the new messaging feature, XChat, is built using the Rust programming language and employs encryption inspired by Bitcoin’s security model. Musk’s latest announcement quickly stirred debate among Bitcoin supporters and cryptography experts, many of whom questioned the meaning behind his vague technical claims. Samson Mow, CEO of game developer Pixelmatic and Bitcoin infrastructure firm JAN3, - [Singapore Tells Crypto Firms to Halt Overseas Services by June 30](https://news.shib.io/2025/06/03/singapore-tells-crypto-firms-to-halt-overseas-services-by-june-30/): Singapore’s central bank has given local crypto firms until June 30 to stop providing digital token (DT) services to foreign markets or risk facing significant fines and regulatory action. The Monetary Authority of Singapore (MAS) announced penalties of nearly $200,000 as part of a new directive targeting Digital Token Service Providers (DTSPs). The move comes after the regulator reviewed public feedback on its proposed framework under the Financial Services and Markets Act (FSM Act). The MAS confirmed that no grace period will be offered to local DTSPs currently serving international clients. It emphasized that any entity or individual in Singapore - [300 BTC Sent to Ross Ulbricht Likely Not From Himself, Says On-Chain Sleuth](https://news.shib.io/2025/06/03/300-btc-sent-to-ross-ulbricht-likely-not-from-himself-says-on-chain-sleuth/): Ross Ulbricht, the founder of the Silk Road dark web marketplace, has recently received a transfer of 300 Bitcoin—valued at over $31 million—sparking online speculation about its origin. Blockchain analyst ZachXBT noted that it’s improbable Ulbricht moved the funds himself, leaving the source of the donation unclear. According to a June 1 post on X from analytics firm Lookonchain, the Bitcoin was sent to a donation wallet associated with Ulbricht. The transaction reportedly originated from wallets linked to a centralized mixing service known as Hambler.  This development sparked online speculation, with some suggesting the funds could be proceeds from Ulbricht’s - [Shiba Inu Price Could Soar 503% in Massive Breakout](https://news.shib.io/2025/06/03/shiba-inu-price-could-soar-503-in-massive-breakout/): Shiba Inu price may be on the verge of a breakout that could send it soaring over 500%, according to one technical analyst. This optimistic forecast for the Shiba Inu price hinges on what’s known in technical trading circles as an “Inverse Head and Shoulders” pattern. Such formations are typically viewed by chart analysts as indicators of a potential trend reversal from bearish to bullish. According to the analyst, identified on X (formerly Twitter) as @JavonTM1, Shiba Inu appears to be in the final stages of this pattern. Technical Pattern Fuels Bullish Shiba Inu Price Outlook In a recent post, - [Bone Price on Edge of Massive Breakout After Bottom](https://news.shib.io/2025/06/03/bone-price-on-edge-of-massive-breakout-after-bottom/): Bone price may be primed for a breakout. A closely watched crypto trader believes BONE — the gas token powering Shibarium — has officially found its bottom and could be gearing up for a powerful upward move. Backed by a tightening chart formation and rising trading volume, the setup is drawing attention from traders eyeing the next meme coin rally. The trader, identified on X (formerly Twitter) as army_shiba, presented a bullish case for BONE. They stated directly: “$BONE bottom is literally in. These kind of patterns usually ends up with a huge breakout. I’m closely watching the movements.”  This - [High xAI Valuation at Core of Musk's New Funding Moves](https://news.shib.io/2025/06/03/high-xai-valuation-at-core-of-musks-new-funding-moves/): Elon Musk’s AI company, xAI, is driving bold financial moves backed by a colossal $113 billion xAI valuation, as it seeks $5 billion in new debt and conducts a major share sale—signaling sky-high ambitions for the young venture recently merged with social media platform X. Reports on Monday revealed that xAI is raising capital on two fronts: through debt managed by Morgan Stanley and a separate $300 million share sale. The debt offering, composed of loans and convertible notes, gives investors until June 17 to commit. Meanwhile, the share sale—focused on allowing employees to cash out existing equity—highlights investor appetite - [Crypto Market Concentration Deepens as Big Money Chooses Its Bets](https://news.shib.io/2025/06/03/crypto-market-concentration-deepens-as-big-money-chooses-its-bets/): Ethereum’s price jumped nearly 50% this past month. That kind of surge usually whispers of a bull market warming up across the board.  But a closer look at the digital asset landscape suggests something different. Big money, the kind that moves markets, isn’t spreading its bets wide.  Instead, it’s zeroing in on a few familiar names. This growing crypto market concentration is reshaping investment patterns, according to a new market analysis. Javier Rodriguez-Alarcon, chief investment officer at XBTO, a global digital asset firm, sees a shift. He brings a background from traditional finance giants like Goldman Sachs, BlackRock, and Barclays - [Meta, Anduril to Build AI Mixed-Reality Headsets for US Troops](https://news.shib.io/2025/06/03/meta-anduril-to-build-ai-mixed-reality-headsets-for-us-troops/): Anduril, a defense technology firm, has joined forces with Meta Platforms, Inc.—the company behind the social media platform Facebook—to develop and deploy a suite of integrated extended reality (XR) tools.  In a recent announcement, Anduril stated that the new systems will offer enhanced perception to U.S. military forces and enable intuitive control of autonomous platforms in combat environments. “The capabilities enabled by the partnership will draw on more than a decade of investment by both companies in advanced hardware, software, and artificial intelligence,” Anduril wrote.  The project is said to be financed through private investment and does not involve public - [Environmental Benefits of Proof of Stake Blockchain Networks](https://news.shib.io/2025/06/03/environmental-benefits-of-proof-of-stake-blockchain-networks/): Blockchain technology is the backbone of cryptocurrencies, and one of the coolest innovations in this space is proof of stake (PoS). It’s a fresh way to secure and verify transactions that uses much less energy compared to older methods. At its core, blockchain is like a digital ledger that records transactions safely and transparently — no banks or middlemen needed. But as more people used blockchains, concerns grew about the huge amount of energy some systems were consuming. For years, many blockchains relied on a process called proof of work (PoW), which involves powerful computers competing to solve puzzles. This - [Shiba Inu Price Breaks Out—Trader Reveals Potential Big Profit Setup](https://news.shib.io/2025/06/02/shiba-inu-price-breaks-out-trader-reveals-potential-big-profit-setup/): The Shiba Inu price is capturing keen market attention Monday as it inches higher, a movement one crypto trader is aggressively interpreting as a full-blown “waking up,” simultaneously unveiling what they describe as a “potential big profit setup.”  According to CoinMarketCap data around 4:01 a.m. Eastern Time, SHIB was trading at $0.00001281. This price reflected an increase of 0.23% over the preceding 24 hours, a marginal gain in the volatile crypto markets.  The token’s market capitalization stood at approximately $7.55 billion, with a 24-hour trading volume of $135.89 million. Against this backdrop of slight gains, crypto trader Amir Rajpoot BnB - [Shibarium Fees Gain Focus as Coinbase Exec Flags Solana](https://news.shib.io/2025/06/02/shibarium-fees-gain-focus-as-coinbase-exec-flags-solana/): The debate over smart contract costs has reignited, with Shibarium fees stealing the spotlight—especially after a Coinbase exec called out Solana’s $200 transaction price. Coinbase Exec Questions Solana’s $200 Contract Fee Jesse Pollak, who leads protocol development at Coinbase and helped build products like Coinbase Wallet and Base, recently took to X with a straightforward question that hit a nerve in the crypto world: “Can anyone help me understand why it costs ~$200 to deploy a relatively simple contract on Solana? I assumed it would cost comparable amounts to Base (e.g., cents)… what is the difference in architecture that drives - [Crypto Kidnapping Risks Drive New Insurance Policies](https://news.shib.io/2025/06/02/crypto-kidnapping-risks-drive-new-insurance-policies/): A recent surge in kidnappings involving crypto investors has led insurance firms to reassess risk strategies and introduce new measures aimed at safeguarding clients’ physical security. According to NBC, a growing number of firms that specialize in insurance and security for cryptocurrency holders are now developing kidnap and ransom (K&R) policies in response to rising concerns over physical threats. At least three such companies are reportedly working on coverage designed to protect crypto investors and businesses from the risks of abduction and violence. Rebecca Rubenfeld, Chief Operating Officer of crypto insurance firm AnchorWatch, stated that concerns over physical security were - [Lazarus Group Blunder Reveals Crypto Hackers’ Hidden Trail](https://news.shib.io/2025/06/02/lazarus-group-blunder-reveals-crypto-hackers-hidden-trail/): Cryptocurrency exchange BitMEX has exposed critical vulnerabilities in the operations of the Lazarus Group, the North Korean state-backed cybercrime organization behind major crypto breaches at Bybit, Stake, and Phemex. In a recent blog post, BitMEX revealed that its security team has regularly detected and mitigated attempted attacks on the exchange. Many of these attempts reportedly involved methods and infrastructure associated with the Lazarus Group. BitMEX noted that these large-scale operations often begin with relatively basic tactics, typically involving phishing attempts to infiltrate the target’s systems. Phishing is a type of cybercrime where attackers attempt to deceive individuals into revealing sensitive - [IMF Presses Pakistan Over Power-Hungry Bitcoin Mining Plan](https://news.shib.io/2025/06/02/imf-presses-pakistan-over-power-hungry-bitcoin-mining-plan/): The International Monetary Fund (IMF) has raised serious concerns following the recent decision by Pakistan to allocate 2,000 megawatts of electricity for use by Bitcoin mining and artificial intelligence (AI) data centers. According to a report from local news outlet Samaa, the IMF’s concerns follow Pakistan’s announcement of its first strategic Bitcoin reserve. The initiative—unveiled by Bilal Bin Saqib, CEO of Pakistan’s Crypto Council, during the 2025 Bitcoin Conference—also includes plans for a national Bitcoin wallet and a substantial allocation of energy resources to support the country’s growing digital asset ecosystem. Saqib stated that the initiative is expected to attract - [Crypto Kidnapping Scandal Ties NYPD Detectives to Shocking Plot](https://news.shib.io/2025/06/02/crypto-kidnapping-scandal-ties-nypd-detectives-to-shocking-plot/): Two NYPD detectives have been reassigned to modified duty after authorities uncovered that they previously had ties to a Manhattan townhouse now at the center of a disturbing kidnapping and torture case involving an Italian tourist and crypto investor. According to ABC News, one of the detectives, while off duty, drove the kidnapping victim from the airport to the SoHo townhouse on May 6. The second detective, a 20-year NYPD veteran, is currently assigned to the Executive Protection Unit, which is responsible for providing security to New York City Mayor Eric Adams. The veteran detective was reportedly working an off-duty - [The FIRE Movement: Can Crypto Investments Help You Retire Early?](https://news.shib.io/2025/06/02/the-fire-movement-can-crypto-investments-help-you-retire-early/): If you’ve ever dreamed of quitting your day job way before the usual retirement age, you might be interested in the FIRE movement—Financial Independence, Retire Early. The idea is simple: save smart, invest wisely, and live below your means so you can retire decades sooner than most people. Many people build their FIRE plans with traditional investments, but lately, crypto investments have caught the eye of some early retirees looking for faster growth—though they come with more risk and uncertainty. Crypto is still relatively new compared to stocks or bonds, making it an exciting but bumpy addition to FIRE strategies. - [Shiba Inu Price Dip? Discover Its Shocking Hidden Strength](https://news.shib.io/2025/05/30/shiba-inu-price-dip-discover-its-shocking-hidden-strength/): Despite the dip, the Shiba Inu price is showing signs of strategic whale accumulation and loyal community engagement, painting a deeper, more resilient on-chain picture. The Shiba Inu price charts may flash red, but beneath the surface, the blockchain tells a different story — one of calculated moves and committed support. While short-term market noise often dominates headlines, on-chain data from IntoTheBlock reveals a surprisingly bullish foundation, driven by smart money and steady user activity. Whale Moves Signal Long-Term Strength in Shiba Inu Price One of the clearest signals of institutional or high-net-worth investor interest lies in large transaction volume - [DeepSeek Upgrades AI Model to Rival ChatGPT, Gemini](https://news.shib.io/2025/05/30/deepseek-upgrades-ai-model-to-rival-chatgpt-gemini/): Chinese artificial intelligence company DeepSeek has announced a significant update to its chatbot, spotlighting advancements in logic, mathematics, and programming capabilities, as well as a lower rate of hallucinated responses. DeepSeek’s newly updated model, DeepSeek-R1-0528, introduces improved reasoning and inference functions. According to the company, the model’s performance is now nearing the level of top-tier systems like OpenAI’s O3 and Google’s Gemini 2.5 Pro. In January, DeepSeek made headlines with the launch of its R1 chatbot, a release that drew widespread attention across the AI sector and underscored China’s growing presence in the field. The company’s debut model, developed at - [AI, New Paper in Focus as Kusama Ends X Hiatus](https://news.shib.io/2025/05/30/ai-new-paper-in-focus-as-kusama-ends-x-hiatus/): After weeks of public silence, Shytoshi Kusama—the elusive pseudonymous lead ambassador of the Shiba Inu project—resurfaced on X Thursday. His series of posts hinted at an ambitious new direction, offering a glimpse into SHIB’s future that centers on a “final white paper,” artificial intelligence, and a bold vision for what he called a “new age.” The return quickly stirred excitement across the SHIB community. Often referred to as the “ShibArmy,” followers dissected Kusama’s updates for insights into the evolving ecosystem, which has grown far beyond its meme coin origins. His posts, which included reflections on AI, humanity, and online discourse, - [SEC Ends Binance Lawsuit in Major Shift on Crypto Enforcement](https://news.shib.io/2025/05/30/sec-ends-binance-lawsuit-in-major-shift-on-crypto-enforcement/): The U.S. Securities and Exchange Commission (SEC) has filed a joint motion with crypto exchange Binance to dismiss their nearly two-year lawsuit, marking the agency’s latest retreat from aggressive crypto enforcement. On May 29, the Commission, Binance, and its co-founder Changpeng Zhao jointly filed a motion in a Washington, DC federal court requesting the dismissal of the SEC’s complaint, which was originally filed in June 2023. The joint motion noted that the SEC’s Crypto Task Force could influence and help bring about a resolution to the lawsuit. The regulator stated that dismissing the case was appropriate “in the exercise of - [Russian Couple Abducted in Argentina Amid Surge in Crypto Kidnappings](https://news.shib.io/2025/05/30/russian-couple-abducted-in-argentina-amid-surge-in-crypto-kidnappings/): A young Russian couple who run a cryptocurrency business have become the latest victims in a wave of crypto kidnappings, after being abducted and later released in the Palermo district of Buenos Aires following a $43,000 ransom payment in digital currency. Argentine news outlet La Nación reported that the kidnapping took place on Friday night. Investigators said the Russian couple had accepted a dinner invitation from two Chechen individuals who were staying in a first-floor apartment on Ravignani Street near the corner of Gorriti Street. Around 11 p.m., the woman managed to call for help from a balcony, drawing the - [US Sanctions Funnull, Philippine Tech Firm Tied to Global Crypto Scams](https://news.shib.io/2025/05/30/us-sanctions-funnull-philippine-tech-firm-tied-to-global-crypto-scams/): The U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Funnull Technology Inc., a tech firm based in the Philippines, and its administrator Liu Luzhi, accusing them of supplying the backend infrastructure for a network of fraudulent cryptocurrency investment websites. In a press release, the U.S. Treasury stated that Funnull played a key role in enabling virtual currency investment scams, commonly known as “pig butchering” scams. The company allegedly purchased large quantities of IP addresses from major cloud service providers around the world and sold them to cyber criminals. These IP addresses were then used to - [Swing Trading Crypto: Profit from Medium-Term Price Moves](https://news.shib.io/2025/05/30/swing-trading-crypto-profit-from-medium-term-price-moves/): If you’ve ever heard the phrase swing trading crypto and wondered what it’s all about, you’re in the right place. Swing trading is like catching the wave in the wild ocean of cryptocurrency—riding the ups and downs over several days or weeks instead of trying to surf every tiny ripple or just chilling on the shore for months. It’s a middle-ground style between the lightning-fast moves of day trading and the slow-and-steady patience of long-term investing. Day traders are like sprinters—they jump in and out of trades in minutes or hours, chasing quick profits but risking big swings. Long-term investors, - [DeFi Boom Lifts Shibarium TVL to New Highs](https://news.shib.io/2025/05/29/defi-boom-lifts-shibarium-tvl-to-new-highs/): A quiet DeFi resurgence is rippling, lifting Shibarium TVL, with the total value locked on Shiba Inu’s Layer-2 network climbing past $4.5 million this week. That’s not just a number but a signal. Fresh capital is flowing in and confidence is building around the ecosystem’s decentralized finance offerings. Compared to where it stood just a month ago, this growth marks a meaningful shift. Shibarium, built to deliver faster, cheaper transactions for the Shiba Inu community, is now showing signs of traction in its DeFi layer. In the past 24 hours alone, data from DeFillama revealed Shibarium TVL saw a 1.30% - [Bone Price Surge? Bulls Bet on Big Rally](https://news.shib.io/2025/05/29/bone-price-surge-bulls-bet-on-big-rally/): The Bone price sits at a crossroads this Thursday, showing signs of calm on the surface even as bullish sentiment swells among supporters. At 3:55 a.m. ET, BONE traded at $0.3036, up 2.09% in 24 hours. The move added early fuel to the fire for believers in a broader rally—particularly those watching the token’s role within the Shiba Inu ecosystem. BONE, the gas token for Shibarium and central to the ShibaSwap decentralized exchange, saw its market cap climb to $69.77 million—a 1.79% daily increase. Its 24-hour trading volume rose to $8.34 million, up 4.15%, hinting at growing trader interest. While - [Shiba Inu Price: Critical Chart Now Unlocks Potential Big Surge](https://news.shib.io/2025/05/29/shiba-inu-price-critical-chart-now-unlocks-potential-big-surge/): The Shiba Inu price teeters on a knife’s edge this week, as a critical chart pattern signals the digital coin might be about to break free from its slumber. A crypto analyst sees this setup as a tightly wound spring, potentially unlocking a significant, double-digit surge for the popular cryptocurrency, grabbing market attention. Shiba Inu ($SHIB) recently exhibited what chartists called a descending triangle, a formation that spoke of growing tension between buyers and sellers. This observation, highlighted by market analyst Ali Martinez (@ali_charts on X), suggested the Shiba Inu price could be gearing for a move of roughly 17%. - [Elon Musk xAI to Bring Grok AI Chatbot to Telegram in $300M Deal](https://news.shib.io/2025/05/29/elon-musk-xai-to-bring-grok-ai-chatbot-to-telegram-in-300m-deal/): Pavel Durov, CEO of Telegram, announced that Elon Musk’s AI firm xAI has reached a preliminary agreement to integrate its AI chatbot Grok into Telegram and its related apps. In a recent post on X, Telegram and xAI agreed to a one-year partnership to bring xAI’s chatbot Grok to the cloud-based messaging app. This collaboration will embed Grok within Telegram’s platform and apps, providing users with features such as chat interactions, text editing, summaries of chats and documents, inbox management agents, group chat moderation, and additional functionalities. “Telegram will receive $300M in cash and equity from xAI, plus 50% of - [Pakistan Govt Launches Bitcoin Reserve at 2025 BTC Event](https://news.shib.io/2025/05/29/pakistan-govt-launches-bitcoin-reserve-at-2025-btc-event/): Bilal Bin Saqib, CEO of the Pakistan Crypto Council (PCC), has announced at the Bitcoin 2025 Conference that Pakistan is working to establish a strategic Bitcoin reserve, signaling a shift from the government’s earlier position of never legalizing cryptocurrencies. At the Bitcoin 2025 Conference, Saqib revealed that Pakistan is taking inspiration from the United States by creating a strategic Bitcoin reserve and adopting regulatory policies that support cryptocurrency.  “Today is a very historic day. Today, I announce the Pakistani government is setting up its own government-led Bitcoin Strategic Reserve, and we want to thank the United States of America again - [JD Vance Pushes Pro-Bitcoin Agenda, Slams Past Crypto Clampdowns](https://news.shib.io/2025/05/29/jd-vance-pushes-pro-bitcoin-agenda-slams-past-crypto-clampdowns/): U.S. Vice President JD Vance has criticized the Biden administration’s and former U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler’s enforcement approach to cryptocurrency and urged Bitcoin holders to remain politically engaged. At the Bitcoin 2025 Conference, Vance reiterated the administration’s rejection of Gensler’s regulation-by-enforcement strategy toward digital assets, signaling continued support for a more transparent and innovation-friendly regulatory framework. “We reject regulators,” Vance stated. “We fired Gary Gensler, and we’re going to fire everybody like him,” he added.  The Vice President stated that the Trump administration is determined to address what he described as the “wreckage” left by - [Labor Lifts Crypto Limits on 401(k), Shifts Power to Fiduciaries](https://news.shib.io/2025/05/29/labor-lifts-crypto-limits-on-401k-shifts-power-to-fiduciaries/): The U.S. Department of Labor has officially rescinded a 2022 guidance that advised against offering cryptocurrency investments in 401(k) retirement plans, signaling a shift in the federal stance on digital assets in retirement portfolios. According to an official news release, the Department acknowledged that its 2022 guidance on cryptocurrency in retirement plans may have strayed from established standards. The department noted that the previous directive urged fiduciaries to use “extreme care” when considering crypto assets in 401(k) investment options—a tone that critics said clashed with the neutral, principles-based framework traditionally upheld under the Employee Retirement Income Security Act (ERISA). “The - [Crypto Tax Strategies for Financial Independence](https://news.shib.io/2025/05/29/crypto-tax-strategies-for-financial-independence/): Let’s be real—when people talk about mooning portfolios and financial freedom through crypto, taxes are usually the last thing anyone wants to bring up. But here’s the thing: your tax strategy might just be the unsung MVP of your entire crypto journey. Yup, crypto tax isn’t just a boring footnote—it’s a make-or-break factor in whether your gains work for you or get eaten alive come tax season. Now, what does financial independence actually mean in the world of crypto? It’s more than just HODLing your favorite tokens and hoping they 100x. It’s about building a life where your money works - [Cetus Proposes Full $223M Recovery for Users After Major DeFi Security Breach](https://news.shib.io/2025/05/28/cetus-proposes-full-223m-recovery-for-users-after-major-defi-security-breach/): Cetus, a decentralized finance (DeFi) platform operating on the Solana blockchain, has announced that users impacted by a recent $223 million exploit may regain full access to their funds pending approval in a community vote. In an official statement posted on X, Cetus expressed regret to its users and accepted responsibility for the recent security breach. The platform confirmed that, by leveraging both its cash and token reserves, it is prepared to fully reimburse the stolen assets currently held off-chain—contingent upon the recovery of locked funds through an upcoming community vote. This recovery plan also involves a significant loan from - [Trump Meme Coin Dinner Includes Traders Holding Hate-Linked Tokens](https://news.shib.io/2025/05/28/trump-meme-coin-dinner-includes-traders-holding-hate-linked-tokens/): President Donald Trump’s high-profile meme coin dinner has sparked renewed controversy, as new findings reveal that approximately 50 attendees reportedly hold crypto assets associated with far-right imagery, including symbols tied to white nationalism and neo-Nazi ideology. The nonprofit government watchdog Citizens for Responsibility and Ethics in Washington (CREW) reported that several attendees of President Trump’s recent meme coin-themed dinner hold crypto assets containing extremist imagery. According to CREW, these assets include symbols commonly associated with the alt-right, such as Pepe the Frog, as well as depictions of swastikas, racial slurs, and anti-Semitic references. The meme coin dinner was hosted at - [Bitcoin Reserve Push: Sen. Lummis Calls for National Strategy and Tax Reforms at BTC 2025](https://news.shib.io/2025/05/28/bitcoin-reserve-push-sen-lummis-calls-for-national-strategy-and-tax-reforms-at-btc-2025/): Senator Cynthia Lummis has addressed key legislative priorities — including the market structure and stablecoin bills, future crypto taxation, a potential national Bitcoin reserve strategy, and the role of Bitcoin mining—during her appearance at the 2025 Bitcoin Conference. Senator Lummis began her remarks by addressing the market structure and stablecoin legislation currently under consideration. She noted that, for many attendees at the Bitcoin 2025 Conference — particularly business owners and operators — the market structure bill likely holds greater significance than the stablecoin bill, given its broader implications for how digital asset firms operate within the U.S. regulatory environment. “There - [Fake Crypto Deal Turns Violent: Russian Suspect Arrested in Busan](https://news.shib.io/2025/05/28/fake-crypto-deal-turns-violent-russian-suspect-arrested-in-busan/): A Russian national has been arrested by Seoul’s Gangseo Police Precinct for allegedly orchestrating a fake crypto deal to lure South Korean men to a hotel, where he attempted to steal approximately 1 billion won (around $728,000) in cash. Local outlet JoongAng Daily reported that two additional individuals connected to the case are believed to have fled South Korea. Authorities stated that the Russian suspect, along with the two alleged accomplices, arranged a meeting with several South Korean men under the guise of a peer-to-peer cryptocurrency exchange. The fake crypto deal turned violent, with two Korean victims reportedly assaulted with - [Day Trading Crypto: Strategies and Risks](https://news.shib.io/2025/05/28/day-trading-crypto-strategies-and-risks/): Let’s talk about day trading crypto —the fast-paced, high-stakes version of crypto investing that feels a bit like riding a digital roller coaster. Instead of buying Bitcoin and chilling for the next five years, day traders jump in and out of the market, sometimes within minutes, trying to turn quick profits from small price swings. Why is it so popular? Three big reasons: volatility, a 24/7 market, and the thrill of potential profits. Crypto prices can move wildly in a short time—perfect if you’re looking to buy low and sell high without waiting months. Plus, the market never sleeps, so - [Dubai Unveils MENA’s First Licensed Real Estate Tokenization Platform](https://news.shib.io/2025/05/27/dubai-unveils-menas-first-licensed-real-estate-tokenization-platform/): The Dubai Land Department (DLD) has launched the MENA region’s first licensed real estate tokenization initiative through the new “Prypco Mint” platform, signaling a major step forward in modernizing property investment across the Middle East and North Africa. According to an announcement by the Dubai Government, the project is being launched in partnership with Prypco Mint, working closely alongside the Central Bank of the United Arab Emirates, the Virtual Assets Regulatory Authority (VARA), and the Dubai Future Foundation (DFF) via the Real Estate Sandbox initiative. Furthermore, Zand Digital Bank is the appointed banking partner in the project’s pilot phase.  The - [At Trump's Meme Coin Dinner: A Scathing Review, and Now, a Federal Question](https://news.shib.io/2025/05/27/at-trumps-meme-coin-dinner-a-scathing-review-and-now-a-federal-question/): The promised glitz of Donald Trump’s exclusive meme coin dinner dissolves into a storm of scathing criticism and serious legal threats. A high-rolling guest, Nicholas Pinto, is now publicly blasting the event, decrying the filet mignon as “trash” comparable to “Walmart steak” and dismissing Trump’s speech with potent disdain. But beyond the disastrous dining experience and an early presidential exit, a graver consequence now looms: 35 Democrats are demanding a federal probe into whether the gathering, which hosted international crypto investors, breached bribery laws and constitutional safeguards. In an interview with WIRED, Pinto described the three-course dinner at President Donald - [NFT Minting Terms Every Creator Must Know Before Their First Mint](https://news.shib.io/2025/12/17/nft-minting-terms-every-creator-must-know-before-their-first-mint/): This guide breaks down the must-know NFT minting terms for first-time creators. From blockchain and wallets to royalties, gas fees, and security, it equips beginners with the knowledge to launch their first NFT collection confidently and avoid costly mistakes. - [North Korean Fake Zoom Scams Steal $300M in Daily Crypto Attacks](https://news.shib.io/2025/12/16/north-korean-fake-zoom-scams-steal-300m-in-daily-crypto-attacks/): North Korean hackers are executing daily fake Zoom scams targeting crypto users, using Telegram and real video recordings to gain trust and steal funds. Losses now exceed $300M, prompting experts to advise heightened security, password resets, and device isolation. - [South Korea Misses Stablecoin Bill Deadline: What’s Coming in 2026?](https://news.shib.io/2025/12/16/south-korea-misses-stablecoin-bill-deadline-whats-coming-in-2026/): South Korea’s Financial Services Commission has missed its deadline for a draft stablecoin bill, with the ruling party aiming to submit the “Basic Digital Asset Act” by January 2026. Key debates focus on who can issue stablecoins and the scope of regulations, while the bill is expected to cover licensing, operational standards, capital rules, disclosure, and enforcement. - [Bitcoin Investor Loses Retirement Fund in AI-Powered Pig Butchering Scam](https://news.shib.io/2025/12/16/bitcoin-investor-loses-retirement-fund-in-ai-powered-pig-butchering-scam/): A Bitcoin investor lost their entire retirement fund after falling victim to a pig butchering scam that used AI-generated images and false romantic promises. Despite multiple warnings from their adviser, the investor transferred funds to a scammer, highlighting the growing prevalence of emotionally manipulative crypto scams in the AI era. - [Base Co-Founder Faces Backlash Over Engagement With Soulja Boy Token](https://news.shib.io/2025/12/16/base-co-founder-faces-backlash-over-engagement-with-soulja-boy-token/): Base co-founder Jesse Pollak faced criticism after sharing a $1,500 Ethereum investment tied to Soulja Boy’s token. On-chain researcher ZachXBT highlighted the rapper’s history of failed crypto and NFT promotions. Soulja Boy responded, apologizing to affected investors and noting his approach to crypto projects has changed. - [Decentralized Exchanges Explained: What a DEX Is and How It Works](https://news.shib.io/2025/12/16/decentralized-exchanges-explained-what-a-dex-is-and-how-it-works/): Decentralized exchanges (DEXs) let users trade crypto directly without middlemen, using smart contracts and liquidity pools. They provide control, transparency, and access to unique tokens but come with risks like impermanent loss and smart contract bugs. Understanding DEXs is key to navigating Web3 safely. - [SHIB: Institutional Grade](https://news.shib.io/2025/12/16/shib-institutional-grade/) - [Crypto Exec Shoots Down New 'Meme Coin Era is Over' Claim as 'Lazy and Wrong'](https://news.shib.io/2025/12/16/crypto-exec-shoots-down-new-meme-coin-era-is-over-as-claim-lazy-and-wrong/): While recent liquidity crunches have led analysts to declare the meme coin sector “dead,” a top industry executive has disputed the diagnosis, calling the narrative “lazy and wrong” and arguing the market is simply maturing. MoonPay President Keith Grossman addressed the pessimistic market sentiment directly, arguing that the collapse in volume signals a necessary structural shift rather than the death of attention-based assets. The Argument for Meme Coin Maturation Grossman disputed the conclusion that declining volume equates to market failure. He acknowledged that meme coin volume on Solana decentralized exchanges (DEXs) has fallen below 15%, but framed this metric as - [SEC Publishes Crypto Custody Guide to Help Investors Store Assets Safely](https://news.shib.io/2025/12/15/sec-publishes-crypto-custody-guide-to-help-investors-store-assets-safely/): The SEC has issued a crypto custody guide highlighting best practices for storing digital assets. The bulletin advises investors on wallet types, third-party custodians, and operational safeguards while signaling a regulatory shift emphasizing transparency and risk management in the evolving crypto landscape. - [Elon Musk’s Chatbot Grok Spreads False Claims About Bondi Beach Shooting](https://news.shib.io/2025/12/15/elon-musks-chatbot-grok-spreads-false-claims-about-bondi-beach-shooting/): Elon Musk’s chatbot Grok has come under scrutiny after spreading misinformation about the Bondi Beach shooting in Sydney, including false claims about video footage and the identity of a bystander. The incident has renewed concerns about AI reliability, moderation failures, and the real-world impact of inaccurate automated responses. - [Wall Street Banks Start Offering Bitcoin-Backed Loans to Boost Revenue](https://news.shib.io/2025/12/15/wall-street-banks-start-offering-bitcoin-backed-loans-to-boost-revenue/): Wall Street banks, including JPMorgan and Bank of America, have started offering BTC-backed loans, letting investors borrow against their Bitcoin holdings. This growing trend blends crypto with traditional finance, providing liquidity, encouraging longer-term holding, and highlighting the market’s maturation. - [Son of Ukrainian Deputy Mayor Found Beaten and Burned, Crypto Wallet Emptied](https://news.shib.io/2025/12/15/son-of-ukrainian-deputy-mayor-found-beaten-and-burned-crypto-wallet-emptied/): Danylo Kuzmin, 21, son of Kharkiv Deputy Mayor Serhiy Kuzmin, was murdered in Vienna, beaten and burned, with funds taken from his crypto wallet. Two suspects are in custody, and the case highlights rising crimes targeting cryptocurrency holders. - [6 Red Flags to Watch Out for When Evaluating Crypto Tokens You Might Buy](https://news.shib.io/2025/12/15/6-red-flags-to-watch-out-for-when-evaluating-crypto-tokens-you-might-buy/): This article breaks down six essential red flags for evaluating crypto tokens, from transparency and tokenomics to community and partnerships. By following this checklist, investors can make safer, more informed decisions while navigating the unpredictable world of crypto tokens. - [ERCOT Under Pressure: AI Data Centers Flood Texas Grid, Power Demand Soars](https://news.shib.io/2025/12/12/ercot-under-pressure-ai-data-centers-flood-texas-grid-power-demand-soars/): Texas faces a surge in power demand as AI data centers submit massive interconnection requests, outpacing Bitcoin miners. ERCOT reports 226 GW of new requests, with solar and battery storage leading new generation, while grid planning and new rules aim to ensure reliability amid rapid growth. - [Netflix to Release Comedy Starring Jennifer Garner About Lost $35M Crypto](https://news.shib.io/2025/12/12/netflix-to-release-comedy-starring-jennifer-garner-about-lost-35m-crypto/): Netflix is developing a Jennifer Garner–led drama about a couple racing to recover $35 million in crypto they can’t access due to a forgotten password, while simultaneously expanding its crypto-focused programming with a new limited series on the FTX collapse. - [Terraform Co-Founder Do Kwon Sentenced to 15 Years Over $40B Collapse](https://news.shib.io/2025/12/12/terraform-co-founder-do-kwon-sentenced-to-15-years-over-40b-collapse/): Terraform Labs co-founder Do Kwon received a 15-year prison sentence for wire fraud and conspiracy to defraud following the 2022 collapse that wiped out $40 billion in crypto. Victims detailed their losses, and Kwon could face additional time in South Korea after serving part of his U.S. sentence. - [Elon Musk’s X Algorithm Is Cutting Reach for Crypto Content](https://news.shib.io/2025/12/12/elon-musks-x-algorithm-is-cutting-reach-for-crypto-content/): X’s December 2025 algorithm update has sharply limited the reach of crypto-related posts. Crypto trader Lisa Edwards reports severe drops in engagement, raising questions about Elon Musk’s support for the crypto community. Strategic posting can still yield traction, but many creators see only a fraction of their normal reach. - [7 Seed Phrase Errors That Could Cost You Crypto — Avoid Them Now](https://news.shib.io/2025/12/12/7-seed-phrase-errors-that-could-cost-you-crypto-avoid-them-now/): This article covers the seven most common seed phrase mistakes, from storing it online to overcomplicating backups, and gives beginner-friendly tips to protect your crypto. - [Teachers Warn Crypto Legislation Could Put Retirement Funds at Serious Risk](https://news.shib.io/2025/12/11/teachers-warn-crypto-legislation-could-put-retirement-funds-at-serious-risk/): The American Federation of Teachers has raised concerns over new crypto legislation, arguing it could put pensions and 401(k)s at risk. The AFT criticizes the bill for failing to regulate crypto like traditional pension assets and warns it could increase exposure to fraud and financial instability. - [Silk Road Bitcoin Wallets Wake After 10 Years, Move $3M Suddenly](https://news.shib.io/2025/12/11/silk-road-bitcoin-wallets-wake-after-10-years-move-3m-suddenly/): Dormant Silk Road Bitcoin wallets moved $3M to a single address after 10 years, while $40M remains tied to Ross Ulbricht, whose 2015 life sentence was recently pardoned by Trump, sparking broader interest in crypto clemency. - [Vitalik Buterin Warns Musk: X Could Backfire as a Hate-Fueled Platform](https://news.shib.io/2025/12/11/vitalik-buterin-warns-musk-x-could-backfire-as-a-hate-fueled-platform/): Ethereum co-founder Vitalik Buterin warned Elon Musk that X’s move toward hate-fueled content could backfire on free speech, stressing that algorithms should promote positive interactions rather than amplify “ragebait.” - [Binance Co-CEO Yi He’s WeChat Hacked, $55K Token Scam Exposed](https://news.shib.io/2025/12/11/binance-co-ceo-yi-hes-wechat-hacked-55k-token-scam-exposed/): Binance co-CEO Yi He’s WeChat account was hacked, leading to a $55K token promotion scam. The incident coincided with a Binance employee’s suspension for misusing insider information, highlighting security and trust challenges in crypto platforms. - [Utility Tokens Explained: What They Are and How They Actually Work](https://news.shib.io/2025/12/11/utility-tokens-explained-what-they-are-and-how-they-actually-work/): Utility tokens are the digital keys that make Web3 platforms work. They let users access apps, earn rewards, and engage in communities while powering decentralized ecosystems. Understanding their actual function is more valuable than focusing on price swings. - [British Hacker Danny Khan Suspected Caught in Dubai With $18.5M Crypto](https://news.shib.io/2025/12/10/british-hacker-danny-khan-suspected-caught-in-dubai-with-18-5m-crypto/): British hacker Danny Khan, also known as Danish Zulfiqar, has reportedly been detained in Dubai following the seizure of $18.58M in crypto. He is linked to the $243M Genesis hack and the 2023 Kroll SIM swap that exposed creditors’ data. Authorities are actively pursuing the case, though no official confirmation of his arrest has been released. - [Matt Hougan Says Strategy Isn’t at Risk of Forced Selling Bitcoin](https://news.shib.io/2025/12/10/matt-hougan-says-strategy-isnt-at-risk-of-forced-selling-bitcoin/): Bitwise CIO Matt Hougan reassures investors that Strategy will not be forced to sell its Bitcoin, despite MSCI considering removing digital asset treasury companies from its indexes. Any potential stock sales are expected to have minimal market impact, and the company’s debt obligations remain well-covered. - [UK FCA Unveils Big Post-Brexit Investment Reforms for Retailers](https://news.shib.io/2025/12/10/uk-fca-unveils-big-post-brexit-investment-reforms-for-retailers/): The UK FCA is overhauling retail investment rules post-Brexit, replacing EU-era disclosure rules with a Consumer Composite Investments framework, updating professional investor classifications, and simplifying risk and cost disclosures to make investing more accessible for individuals while maintaining protections. - [Tether’s USDT Gains Key Abu Dhabi Approval, Boosting Institutional Use](https://news.shib.io/2025/12/10/tethers-usdt-gains-key-abu-dhabi-approval-boosting-institutional-use/): Tether’s USDT has gained AFRT recognition in Abu Dhabi, allowing licensed institutions to conduct regulated activities across multiple blockchains. The approval enhances interoperability, cross-border payments, and institutional adoption while reinforcing UAE’s role in digital asset regulation. - [7 Common Airdrop Myths and the Real Truth Behind Them Today](https://news.shib.io/2025/12/10/7-common-airdrop-myths-and-the-real-truth-behind-them-today/): This article busts seven common airdrop myths, explaining what airdrops really are, how they work, and how newcomers can participate safely without falling for hype or scams. - [CFTC Launches Digital Assets Pilot Program for Tokenized Collateral](https://news.shib.io/2025/12/09/cftc-launches-digital-assets-pilot-program-for-tokenized-collateral/): The CFTC launches a pilot program enabling select digital assets as collateral in derivatives markets, offering clearer guidance and regulatory clarity for responsible innovation. - [Trump Plans ‘One Rule’ AI Executive Order to Override All State-Level Laws](https://news.shib.io/2025/12/09/trump-plans-one-rule-ai-executive-order-to-override-all-state-level-laws/): Trump plans a “One Rule” AI executive order to override state regulations, while states like California continue setting their own AI safeguards for transparency and safety. - [Employee Suspended at Binance Over Alleged Insider Trading Activity](https://news.shib.io/2025/12/09/employee-suspended-at-binance-over-alleged-insider-trading-activity/): Binance suspended an employee for allegedly using insider info to profit from a token launch, launched an investigation, and offered a $100K whistleblower reward. - [SEC Drops Probe Into Ondo Finance, Clearing Way for Tokenized Stocks](https://news.shib.io/2025/12/09/sec-drops-probe-into-ondo-finance-clearing-way-for-tokenized-stocks/): The SEC has dropped its investigation into Ondo Finance, clearing its tokenized assets and signaling a regulatory shift supporting innovation alongside investor protection. - [Zero-Knowledge Proofs Explained: The Privacy Tech Everyone Needs](https://news.shib.io/2025/12/09/zero-knowledge-proofs-explained-the-privacy-tech-everyone-needs/): Zero-knowledge proofs let you prove facts without revealing secrets, boosting privacy, security, and trust in everyday digital life. - [Michael Saylor’s Bitcoin Strategy Backfires as 100+ Companies Tank](https://news.shib.io/2025/12/08/michael-saylors-bitcoin-strategy-backfires-as-100-companies-tank/): Companies following Michael Saylor’s Bitcoin strategy have suffered major stock declines, with median shares down 43% YTD. Debt-funded crypto purchases create structural risks, leaving firms vulnerable despite initial surges. - [Study Finds AI Chatbots Can Sway Political Opinions Using False Info](https://news.shib.io/2025/12/08/study-finds-ai-chatbots-can-sway-political-opinions-using-false-info/): A study of nearly 77,000 participants found that AI chatbots from OpenAI, Meta, and xAI can sway political opinions, often using inaccurate claims. The research emphasized that the most persuasive chatbots produced detailed arguments but were frequently less accurate, raising concerns about potential misuse and the impact on public discourse. - [US Seeks 12-Year Sentence for Do Kwon Over $40B Terra Crash](https://news.shib.io/2025/12/08/us-seeks-12-year-sentence-for-do-kwon-over-40b-terra-crash/): U.S. prosecutors are seeking a 12-year sentence for Terraform Labs co-founder Do Kwon for orchestrating the $40B TerraUSD collapse, which caused major market disruptions. Kwon admitted to defrauding investors, hiding key support from Jump Trading, and misleading the market. Sentencing is set for December 11, with international detention and a separate South Korean trial factoring into legal considerations. - [South Korea to Apply Bank-Level Liability to Crypto Exchanges After Upbit Hack](https://news.shib.io/2025/12/08/south-korea-to-apply-bank-level-liability-to-crypto-exchanges-after-upbit-hack/): South Korea plans to enforce bank-level liability on crypto exchanges after a major Upbit hack exposed weaknesses in consumer protection. New rules could require exchanges to compensate users for losses and face stricter fines and operational standards. - [7 Reasons Crypto Users Choose Hot Wallets Over Other Options](https://news.shib.io/2025/12/08/7-reasons-crypto-users-choose-hot-wallets-over-other-options/): When it comes to storing your crypto, safety is a huge concern, but so is convenience. Sure, cold wallets are like Fort Knox for your digital coins, keeping them offline and out of hackers’ reach. But for many users, hot wallets steal the spotlight because they let you access your crypto quickly, trade on the go, and manage your assets with ease. In this article, we’re diving into why hot wallets have become a favorite for beginners and seasoned traders alike. From instant access to multi-crypto support, hot wallets combine speed and usability in a way that makes everyday crypto - [Florida Court Lets $80M Binance Bitcoin Lawsuit Move Forward](https://news.shib.io/2025/12/05/florida-court-lets-80m-binance-bitcoin-lawsuit-move-forward/): A Florida appeals court revived a lawsuit claiming Binance failed to act after an $80 million Bitcoin theft, allowing the plaintiff to pursue state-level claims and signaling increased legal scrutiny on crypto platforms. - [US CFTC Approves Spot Crypto Trading on Regulated Exchanges](https://news.shib.io/2025/12/05/us-cftc-approves-spot-crypto-trading-on-regulated-exchanges/): The CFTC has approved spot cryptocurrency trading on U.S. regulated futures exchanges, aiming to protect investors and strengthen America’s role in global crypto markets. - [OpenAI Must Hand Over Millions of ChatGPT Logs in Copyright Case](https://news.shib.io/2025/12/05/openai-must-hand-over-millions-of-chatgpt-logs-in-copyright-case/): A federal judge has ordered OpenAI to provide 20 million ChatGPT logs to the New York Times in a copyright dispute, spotlighting issues of AI use, copyright, and user privacy. The decision may influence how AI companies access and use creative content in the future. - [Sam Altman Eyes Rocket Company, Taking on Elon Musk’s SpaceX Ambitions](https://news.shib.io/2025/12/05/sam-altman-eyes-rocket-company-taking-on-elon-musks-spacex-ambitions/): OpenAI CEO Sam Altman is reportedly exploring a rocket company, potentially putting him in competition with Elon Musk’s SpaceX. Their professional rivalry dates back to 2015, and legal disputes continue over funding pledges, mergers, and acquisition offers. - [7 Reasons Gas Fees Rise and How It Affects Everyday Web3 Users](https://news.shib.io/2025/12/05/7-reasons-gas-fees-rise-and-how-it-affects-everyday-web3-users/): Gas fees are the costs for using blockchain apps, and they rise due to factors like network congestion, complex transactions, and hype events. Knowing why fees change helps users plan smarter, save money, and explore alternatives like Layer-2 networks to make Web3 more affordable. - [London’s Housing Delayed as Energy-Hungry Data Centers Drain Grid](https://news.shib.io/2025/12/04/londons-housing-delayed-as-energy-hungry-data-centers-drain-grid/): London housing projects in Ealing, Hillingdon, and Hounslow are facing delays due to energy-hungry data centres straining the National Grid. Authorities are introducing phased electricity allocations, grid upgrades, and reforms to manage growing demand. Data centres’ electricity use, projected to surge by 600% by 2050, highlights the need for long-term grid planning. - [Taiwan Plans First Stablecoin by 2026 as Crypto Laws Move Forward](https://news.shib.io/2025/12/04/taiwan-plans-first-stablecoin-by-2026-as-crypto-laws-move-forward/): Taiwan aims to launch a domestic stablecoin by the second half of 2026, with issuance initially limited to regulated financial institutions. The initiative is part of a broader push to modernize payments, streamline digital asset settlements, and establish the island as a regional digital finance hub. - [SEC Halts 3–5x Leveraged Crypto ETFs, Warning Investors of Risks](https://news.shib.io/2025/12/04/sec-halts-3-5x-leveraged-crypto-etfs-warning-investors-of-risks/): The SEC has halted applications for 3–5x leveraged crypto ETFs, citing regulatory limits and market risks. Analysts warn these funds magnify losses and gains, spotlighting the need for caution in the volatile crypto sector. - [Father of Crypto Entrepreneur Kidnapped in Broad Daylight in Val-d’Oise](https://news.shib.io/2025/12/04/father-of-crypto-entrepreneur-kidnapped-in-broad-daylight-in-val-doise/): The father of a Dubai-based crypto entrepreneur was kidnapped in Val-d’Oise, France, highlighting rising risks for crypto entrepreneurs and their families amid growing concerns over cryptocurrency-related crimes. - [How to Create a Safe, Low-Cost Home Crypto Mining Setup That Works](https://news.shib.io/2025/12/04/how-to-create-a-safe-low-cost-home-crypto-mining-setup-that-works/): Learn how to create a safe, low-cost home crypto mining setup that works efficiently, stays secure, and keeps energy costs manageable while maximizing rewards. - [Brazil Jails 14 Crypto Traders for $95M Drug Money Laundering Scheme](https://news.shib.io/2025/12/03/brazil-jails-14-crypto-traders-for-95m-drug-money-laundering-scheme/): Brazil’s MPF convicted 14 individuals for a $95M money laundering scheme tied to international drug trafficking, using shell companies, cryptocurrency, and luxury assets to disguise illicit funds. - [SEC Chair Plans 2026 Crypto Rules with Innovation Exemption Soon](https://news.shib.io/2025/12/03/sec-chair-plans-2026-crypto-rules-with-innovation-exemption-soon/): SEC Chair Paul Atkins says the agency will advance crypto regulations without Congress and plans to roll out an innovation exemption soon, potentially boosting SHIB adoption and market confidence. Reduced enforcement and clearer rules could enable new use cases, DeFi integrations, and stronger ecosystem growth for Shiba Inu holders. - [10 EU Banks Aim to Launch Euro-Pegged Stablecoin by Late 2026](https://news.shib.io/2025/12/03/10-eu-banks-aim-to-launch-euro-pegged-stablecoin-by-late-2026/): A coalition of 10 European banks plans to launch a euro-pegged stablecoin by late 2026 through Qivalis, aiming to enable secure, low-cost cross-border transactions while complying with EU regulations. The move coincides with global regulatory developments, spotlighting both opportunities and challenges for digital euros. - [Australia Sets Tough New Rule: No Social Media Accounts for Under-16s](https://news.shib.io/2025/12/03/australia-sets-tough-new-rule-no-social-media-accounts-for-under-16s/): Australia has introduced a landmark law requiring social media platforms to block users under 16, aiming to protect children from online risks while holding platforms accountable. - [5 Reasons Public Keys Are Essential for Keeping Your Crypto Safe](https://news.shib.io/2025/12/03/5-reasons-public-keys-are-essential-for-keeping-your-crypto-safe/): This article breaks down the importance of public keys in crypto, showing how they keep your funds safe, protect your private key, verify ownership, and let you confidently interact with blockchain tools. - [Strategy Sells $1.4B in Stock to Cover Bills Amid Bitcoin Slump](https://news.shib.io/2025/12/02/strategy-sells-1-4b-in-stock-to-cover-bills-amid-bitcoin-slump/): Strategy, co-founded by Michael Saylor, has created a $1.44B USD reserve and increased its Bitcoin holdings to 650,000 BTC to cover dividends and interest amid market volatility, drawing reactions from analysts and crypto figures like Peter Schiff and Sandeep Nailwal. The company also revised FY2025 earnings guidance in response to Bitcoin’s price swings. - [Europol Cracks $1.4B Cryptomixer, Seizes $27M and 12TB of Data](https://news.shib.io/2025/12/02/europol-cracks-1-4b-cryptomixer-seizes-27m-and-12tb-of-data/): Europol, along with German and Swiss authorities, shut down Cryptomixer, one of Europe’s biggest crypto-mixing services. The operation seized €25 million in Bitcoin, 12 terabytes of data, multiple servers, and the platform’s domain. Cryptomixer allegedly helped cybercriminals obscure digital transactions and move illicit funds across borders. - [Influencers Join Trend With AI Animals as Social Media Feeds React](https://news.shib.io/2025/12/02/influencers-join-trend-with-ai-animals-as-social-media-feeds-react/): Influencers like Zoe Ilana Hill and Clara Sandell are embracing a new trend of adding AI animals to their photos. The trend is gaining popularity for its creativity and charm, but it’s also sparking debates about authenticity as AI-generated content becomes more common across social media feeds. - [Zama to Launch First-Ever Private Token Auction on Live Blockchain](https://news.shib.io/2025/12/02/zama-to-launch-first-ever-private-token-auction-on-live-blockchain/): Zama is launching its first-ever public auction for $ZAMA tokens on Ethereum, using advanced encryption to ensure fair distribution, prevent bots, and support secure, privacy-focused blockchain operations. - [5 Metaverse Myths That Deserve a Reality Check Before You Buy the Hype](https://news.shib.io/2025/12/02/5-metaverse-myths-that-deserve-a-reality-check-before-you-buy-the-hype/): This article debunks five common metaverse myths, helping readers understand what’s hype versus reality. From VR misconceptions to instant wealth promises, it provides practical guidance for exploring the metaverse safely and realistically. - [North Korea Uses Banned Nvidia GPUs to Supercharge Crypto Theft Efforts](https://news.shib.io/2025/12/01/north-korea-uses-banned-nvidia-gpus-to-supercharge-crypto-theft-efforts/): A new report reveals that North Korea has expanded its AI research for decades, partly using banned NVIDIA GPUs. These tools could strengthen its cybercrime operations, including crypto theft and deepfakes, even as the U.S. updates policies to limit global access to advanced AI chips. - [Avatar’s James Cameron Calls Generative AI ‘Horrifying’ and a Threat to Actors](https://news.shib.io/2025/12/01/avatars-james-cameron-calls-generative-ai-horrifying-and-a-threat-to-actors/): James Cameron and Hollywood actors are raising alarms about generative AI in filmmaking, criticizing its potential to replace human performers and undermine the authenticity of storytelling. SAG-AFTRA also warns AI actors exploit creative work without consent. - [Nasdaq Promises Fast Move on SEC Approval for Tokenized Stocks](https://news.shib.io/2025/12/01/nasdaq-promises-fast-move-on-sec-approval-for-tokenized-stocks/): Nasdaq is pushing for SEC approval to allow tokenized versions of its listed stocks. These digital shares would retain the same rights and protections as traditional equities, offering faster, more flexible trading while modernizing U.S. market infrastructure. - [SEC’s Hester Peirce Says Crypto Self-Custody Is a Fundamental Right](https://news.shib.io/2025/12/01/secs-hester-peirce-says-crypto-self-custody-is-a-fundamental-right/): SEC Commissioner Hester Peirce emphasizes that crypto self-custody is a fundamental right, allowing individuals to control their assets and maintain financial privacy. SHIB holders can benefit by keeping tokens in private wallets, reducing reliance on exchanges, enhancing security, and aligning with the core principles of decentralization. - [Smart Contracts Are Powering a New Wave of Finance: Here’s How](https://news.shib.io/2025/12/01/smart-contracts-are-powering-a-new-wave-of-finance-heres-how/): Smart contracts are revolutionizing finance through DeFi by automating lending, trading, and staking. They cut out banks, reduce costs, and give anyone with a crypto wallet global access to financial opportunities. - [Heirs, Charity, or Burn? The Ongoing Debate Over Crypto After Death](https://news.shib.io/2025/11/28/heirs-charity-or-burn-the-ongoing-debate-over-crypto-after-death/): The debate over what happens to crypto after death, covering inheritance, charitable donations, and token burning, while emphasizing the importance of early and secure planning to protect digital assets. - [The History of Altcoins: How Bitcoin’s Rivals Changed the Crypto Game](https://news.shib.io/2025/11/28/the-history-of-altcoins-how-bitcoins-rivals-changed-the-crypto-game/): The history of altcoins shows how rivals to Bitcoin sparked innovation, enabled smart contracts, influenced markets, and shaped the diverse crypto landscape we know today. - [6 Airdrop Farming Mistakes Beginners Make and How to Avoid Them](https://news.shib.io/2025/11/28/6-airdrop-farming-mistakes-beginners-make-and-how-to-avoid-them/): This guide spotlights the six most common mistakes in airdrop farming and shows beginners how to avoid them. From research and wallet management to gas fees and scams, it gives practical tips for safer and more rewarding crypto farming. - [Crypto Whales: The Hidden Players Quietly Shaping the Entire Market](https://news.shib.io/2025/11/28/crypto-whales-the-hidden-players-quietly-shaping-the-entire-market/): The article breaks down what crypto whales are, how they operate, and why their massive holdings can influence prices, liquidity, and trader emotions across the entire market. It helps beginners understand the power whales have while reminding them that informed decision-making matters just as much. - [5 Creative and Surprising Ways NFTs Are Transforming Industries Beyond Art](https://news.shib.io/2025/11/28/5-creative-and-surprising-ways-nfts-are-transforming-industries-beyond-art/): NFTs are reshaping industries far beyond digital art. From gaming and music to fashion, real estate, and certifications, these unique digital tokens offer ownership, authenticity, and new earning opportunities. - [Chrome Extension Injects Hidden Fees Into Solana Swaps: New Report](https://news.shib.io/2025/11/28/chrome-extension-injects-hidden-fees-into-solana-swaps-new-report/): Crypto Copilot, a malicious Chrome extension, siphons funds from Solana trades by embedding hidden transfer instructions in every swap, exposing traders to incremental losses and wallet security risks. - [Navigating The Nexus](https://news.shib.io/2025/11/27/navigating-the-nexus/) - [OpenAI Says Teen Bypassed ChatGPT Safety Before Fatal Suicide Case](https://news.shib.io/2025/11/27/openai-says-teen-bypassed-chatgpt-safety-before-fatal-suicide-case/): OpenAI responded to a wrongful death lawsuit, claiming teen Adam Raine bypassed ChatGPT’s safety features, while his parents argue the AI helped plan his suicide, raising broader concerns about AI’s impact on vulnerable users. - [Thailand Orders Sam Altman’s World to Delete 1.2M Iris Scans or Jail](https://news.shib.io/2025/11/27/thailand-orders-sam-altmans-world-to-delete-1-2m-iris-scans-or-jail/): Thailand has directed Sam Altman’s World to suspend operations and erase 1.2 million iris scans, citing violations of the Personal Data Protection Act. Similar regulatory actions in Kenya and Indonesia spotlighting growing global scrutiny of World’s biometric-for-crypto model and broader concerns over unregulated crypto activity. - [McGregor Slams Khabib’s NFTs, Crypto Sleuth Calls Out His Own Token Flop](https://news.shib.io/2025/11/27/mcgregor-slams-khabibs-nfts-crypto-sleuth-calls-out-his-own-token-flop/): Conor McGregor slammed Khabib Nurmagomedov’s NFT drop, only to be called out by blockchain sleuth ZachXBT for his own failed meme coin, REAL. The feud spotlights growing demands for accountability and transparency in celebrity-backed crypto projects, as fans and analysts monitor launches closely. - [Wrench Attack Hits Altman’s Ex: $11M in Crypto Stolen in Home Heist](https://news.shib.io/2025/11/27/wrench-attack-hits-altmans-ex-11m-in-crypto-stolen-in-home-heist/): Lachy Groom, a venture capitalist and ex-partner of Sam Altman, was the victim of a $11M crypto theft in a sophisticated wrench attack. The assailant impersonated a delivery worker, restrained Groom, and drained his crypto wallets over 90 minutes, spotlighting the rising threat of targeted attacks against prominent cryptocurrency holders. - [6 Lessons from the Genesis Block That Every Crypto Enthusiast Should Know](https://news.shib.io/2025/11/27/6-lessons-from-the-genesis-block-that-every-crypto-enthusiast-should-know/): The Genesis Block, Bitcoin’s first block, offers six lessons for crypto enthusiasts: decentralization, security, timing, patience, cumulative trust, and open innovation. Understanding these principles helps guide your journey in blockchain and crypto. - [Hamas Attack Victims Sue Binance, CZ Over $1B Alleged Crypto Aid](https://news.shib.io/2025/11/26/hamas-attack-victims-sue-binance-cz-over-1b-alleged-crypto-aid/): Families of victims of the 2023 Hamas attack have sued Binance and founder Changpeng Zhao, alleging the exchange knowingly processed and concealed more than $1 billion in crypto transactions for Hamas. The lawsuit cites lax controls, pooled wallets, and past incidents where Binance allegedly aided flagged users. - [Klarna Launches First Bank-Issued USD Stablecoin on Stripe’s Tempo](https://news.shib.io/2025/11/26/klarna-launches-first-bank-issued-usd-stablecoin-on-stripes-tempo/): Swedish fintech Klarna has introduced KlarnaUSD, a USD-backed stablecoin on Stripe’s Tempo blockchain, aiming to lower cross-border fees, improve payment efficiency, and accelerate digital asset adoption. - [Bitcoin Millionaire Family Terrorized in $2M Home Wrench Attack](https://news.shib.io/2025/11/26/bitcoin-millionaire-family-terrorized-in-2m-home-wrench-attack/): A Bitcoin millionaire family in British Columbia was violently attacked in a $2M wrench crime. Tsz Wing Boaz Chan received a seven-year sentence, highlighting the rising global threat of crypto-targeted crimes as Chainalysis reports wrench attacks are spiking with Bitcoin’s price. - [South Africa Reserve Bank Flags Crypto Risks — What SHIB Holders Should Know](https://news.shib.io/2025/11/26/south-africa-reserve-bank-flags-crypto-risks-what-shib-holders-should-know/): The South African Reserve Bank warns crypto and stablecoins pose financial risks, citing growing adoption, stablecoin dominance, and gaps in regulations. SHIB holders may face stricter exchange and custody oversight. - [Step-by-Step Guide: How to Generate a Secure Public Key for Your Crypto Wallet](https://news.shib.io/2025/11/26/step-by-step-guide-how-to-generate-a-secure-public-key-for-your-crypto-wallet/): This guide explains what a public key is, why it’s essential for crypto security, and provides a step-by-step approach to generating and managing a secure public key for your wallet. - [6 Key KYC Terms Explained: What They Mean and Why They Matter](https://news.shib.io/2025/11/25/6-key-kyc-terms-explained-what-they-mean-and-why-they-matter/): The six essential KYC terms in simple language, showing how identity checks, due diligence, AML practices, and risk management keep financial systems safe while helping users stay confident when banking, investing, or trading crypto. - [Public Key vs Private Key: How They Work Together to Protect Your Crypto](https://news.shib.io/2025/11/25/public-key-vs-private-key-how-they-work-together-to-protect-your-crypto/): Public and private keys are the foundation of crypto security. The public key lets you receive funds safely, while the private key gives you full control over your assets. Learn how they work together, common misconceptions, and best practices to keep your crypto secure. - [What is Play-to-Earn? A Beginner’s Guide to Earning Crypto While Gaming](https://news.shib.io/2025/11/25/what-is-play-to-earn-a-beginners-guide-to-earning-crypto-while-gaming/): Play-to-Earn transforms gaming into a way to earn crypto and digital assets. From NFTs to metaverse platforms, P2E games reward players for their time, skill, and strategy. Beginners can start safely by choosing the right game, setting up a wallet, and understanding in-game economies. - [Michael Saylor Defends Strategy Amid MSCI Index Removal Concerns](https://news.shib.io/2025/11/24/michael-saylor-defends-strategy-amid-msci-index-removal-concerns/): Michael Saylor defended Strategy amid concerns it could be removed from MSCI indices, emphasizing the company’s active role as a Bitcoin-backed structured finance firm and its ongoing innovation in capital markets and software, while dismissing rumors of selling its Bitcoin holdings. - [Amid ChatGPT Concerns, Pope Leo Tells Teens AI Can’t Replace Humans](https://news.shib.io/2025/11/24/amid-chatgpt-concerns-pope-leo-tells-teens-ai-cant-replace-humans/): Pope Leo XIV encouraged U.S. high school students to use AI in ways that support genuine personal growth, emphasizing that technology cannot replace human judgment or relationships. His comments follow a series of lawsuits alleging that certain features of ChatGPT contributed to harmful emotional dependence among users. The cases have intensified scrutiny of AI safety, making the pope’s call for ethical guidelines and personal responsibility especially timely. - [North Korean Operatives Infiltration of Crypto Firms Higher Than Expected](https://news.shib.io/2025/11/24/north-korean-operatives-infiltration-of-crypto-firms-higher-than-expected/): North Korean operatives are reportedly infiltrating up to 20% of crypto companies using stolen identities, freelance fronts, and malware to gain access to critical systems, raising major security concerns beyond just theft. - [US Investigates Bitmain Miners Amid National Security Concerns](https://news.shib.io/2025/11/24/us-investigates-bitmain-miners-amid-national-security-concerns/): U.S. authorities conducted a federal probe into Bitmain miners over potential security risks, including espionage and grid disruption. Bitmain denied the allegations, and FCC-directed inspections delayed shipments of its latest Antminer S21 and T21 units nationwide. - [65+ Crypto Groups Urge Trump to Save Tornado Cash Co-Founder Storm](https://news.shib.io/2025/11/21/65-crypto-groups-urge-trump-to-save-tornado-cash-co-founder-storm/): More than 65 crypto and blockchain organizations have called on President Trump to act on Roman Storm’s retrial and promote clearer, innovation-friendly crypto policies. They request regulatory certainty, fair tax guidance, and protection for developers, emphasizing that thoughtful government action could strengthen the U.S.’s position in the global blockchain market. - [UK Novelists Sound Alarm as Generative AI Sparks Copyright Concerns and Outcry](https://news.shib.io/2025/11/21/uk-novelists-sound-alarm-as-generative-ai-sparks-copyright-concerns-and-outcry/): A Cambridge-led study finds UK novelists increasingly wary of generative AI, citing copyright violations, lost income, and threats to originality, while legal disputes rise over unauthorized use of authors’ work in AI training. - [WLFI Preps Wallet Reallocations After Phishing Hack, Users Must Complete KYC](https://news.shib.io/2025/11/21/wlfi-preps-wallet-reallocations-after-phishing-hack-users-must-complete-kyc/): World Liberty Financial (WLFI), linked to President Trump, is beginning wallet reallocations for KYC-verified users after a pre-launch phishing attack. The breach came from third-party security issues, and WLFI has updated smart contracts and verification processes to safeguard user funds. - [Bitcoin For America Act: Davidson Pushes Plan to Let Americans Pay Taxes in BTC](https://news.shib.io/2025/11/21/bitcoin-for-america-act-davidson-pushes-plan-to-let-americans-pay-taxes-in-btc/): Rep. Warren Davidson’s Bitcoin for America Act would let Americans pay federal taxes in Bitcoin, funding the U.S. Strategic Bitcoin Reserve. The bill seeks to modernize financial systems, provide taxpayer flexibility, and establish a precedent for crypto integration in federal processes. - [What Is a Pump and Dump? A Clear Guide to Crypto’s Most Common Scam](https://news.shib.io/2025/11/21/what-is-a-pump-and-dump-a-clear-guide-to-cryptos-most-common-scam/): Pump and dumps are one of crypto’s most common scams. Insiders hype small coins to spike prices, sell at the top, and leave late investors with losses. This guide explains how they work, warning signs to spot, and practical steps to protect your investments. - [Bitcoin ATMs Appear in Kenyan Malls Despite New Crypto Regulations](https://news.shib.io/2025/11/20/bitcoin-atms-appear-in-kenyan-malls-despite-new-crypto-regulations/): Bitcoin ATMs are now visible in Nairobi malls as Kenya implements its Virtual Assets Service Providers Act, 2025. While no operators are yet licensed, crypto has already gained traction in lower-income neighborhoods through initiatives like Bitcoin-denominated grants, highlighting growing adoption across the country. - [Ethereum Faces Quantum Threat: Buterin Warns Base Layer Must Ossify Before 2028](https://news.shib.io/2025/11/20/ethereum-faces-quantum-threat-buterin-warns-base-layer-must-ossify-before-2028/): Ethereum co-founder Vitalik Buterin cautions that quantum computing could compromise the blockchain’s cryptography by 2028 and urges the base layer to ossify for stability. Innovation should shift to Layer 2 networks and surrounding applications, allowing Layer 1 to focus on settlement and security while planning for long-term technological risks. - [Crypto Exchange Kraken Files for US IPO After $20B Valuation](https://news.shib.io/2025/11/20/crypto-exchange-kraken-files-for-us-ipo-after-20b-valuation/): Kraken has filed confidentially for a U.S. IPO after reaching a $20B valuation, joining a wave of crypto exchanges exploring public listings. OKX is also considering a U.S. IPO amid regulatory challenges in Asia. These moves reflect the growing integration of crypto platforms into traditional finance. - [New CFTC Chair Nominee Could Impact SHIB, Shibarium and DeFi Markets](https://news.shib.io/2025/11/20/new-cftc-chair-nominee-could-impact-shib-shibarium-and-defi-markets/): Michael Selig, nominated to lead the CFTC, emphasized a balanced approach to crypto oversight, focusing on on-chain markets and DeFi. His confirmation could impact platforms like Shibarium, influencing liquidity, transaction efficiency, and potential institutional engagement, signaling a more structured regulatory framework for digital assets. - [Crypto Mining Innovations Are Quietly Powering 5 Real-World Industries](https://news.shib.io/2025/11/20/crypto-mining-innovations-are-quietly-powering-5-real-world-industries/): Crypto mining isn’t just about Bitcoin, it’s powering innovations across multiple industries. From boosting AI performance and data center efficiency to supporting renewable energy and turning waste heat into usable energy, mining technology is quietly transforming real-world applications and proving that its impact goes far beyond digital coins. - [Senators Demand Probe Into WLFI Over Ties to North Korea and Russia](https://news.shib.io/2025/11/19/senators-demand-probe-into-wlfi-over-ties-to-north-korea-and-russia/): Senators Warren and Reed urge a DOJ and Treasury probe into Trump-linked WLFI after a watchdog reported the firm sold tokens to suspicious actors, including entities tied to North Korea and Russia, while WLFI maintains strict compliance measures. - [Brazil Eyes New Crypto Tax as CARF Alignment Moves Into Focus](https://news.shib.io/2025/11/19/brazil-eyes-new-crypto-tax-as-carf-alignment-moves-into-focus/): Brazil is exploring a tax on cryptocurrency used in international payments as it works to align its rules with the global Crypto-Asset Reporting Framework. Officials are considering extending the IOF tax to select cross-border digital asset transactions, a move that would expand access to foreign crypto account information. The proposal spotlights Brazil’s broader effort to modernize oversight and increase transparency in global crypto activity. - [Google CEO Warns: Don’t Trust AI Blindly — It Can Make Mistakes](https://news.shib.io/2025/11/19/google-ceo-warns-dont-trust-ai-blindly-it-can-make-mistakes/): Google CEO Sundar Pichai cautions users against blindly trusting AI, highlighting its potential for errors and stressing the need for verification, human oversight, and a strong information ecosystem. The remarks come amid debates on AI accuracy, including Elon Musk’s AI-driven Grokipedia, which prioritizes delivering truthful information. Thoughtful skepticism is key in navigating AI responsibly. - [6 Ways to Participate in the Doggy DAO (Even If You're New)](https://news.shib.io/2025/07/11/6-ways-to-participate-in-the-doggy-dao-even-if-youre-new/): Key points: 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. So you’ve heard the term “Doggy DAO” flying around the Shiba Inu ecosystem and thought—cool name, but… what is it, exactly? Let’s break it down. The Doggy DAO is Shiba Inu’s version of decentralized governance. It’s how the community—yes, including you—helps shape decisions about the future of the ecosystem. Think of it like a town hall, but instead of pitchforks and paperwork, it runs on BONE tokens and blockchain. The best part? You don’t need to be a crypto wizard or DeFi - [Greece’s First Crypto Seizure Raises Questions for Shibarium Security](https://news.shib.io/2025/07/10/greeces-first-crypto-seizure-raises-questions-for-shibarium-security/): Summary: Can blockchain tools really help stop crypto crime? Yes—tools like Chainalysis are already helping authorities trace and seize stolen assets, as seen in Greece’s response to the Bybit hack. This shows how blockchain’s transparency can be a powerful tool against bad actors. For decentralized platforms, it’s a signal that stronger on-chain monitoring might be necessary to stay secure and credible. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Greece has executed its first crypto seizure after the Hellenic Anti-Money Laundering Authority froze digital assets connected to the $1.5 billion Bybit hack, an - [Snoop Dogg NFT Collection Sparks New NFT Buzz](https://news.shib.io/2025/07/10/snoop-dogg-nft-collection-sparks-new-nft-buzz/): Summary: Why is Snoop Dogg’s NFT Collection important for the NFT market and Shiba Inu? Snoop Dogg’s NFT Collection sold out nearly one million tokens in 30 minutes, generating $12 million and sparking new excitement in the NFT space. This renewed interest spotlights NFTs as engaging digital assets, not just speculation. For Shiba Inu, the buzz offers a chance to attract new fans and grow the NFT community. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The Snoop Dogg NFT Collection, from the American rapper and cultural icon, has sold out nearly one - [Chinese FTX Creditor Fights Payout Ban — Should SHIB Holders Worry?](https://news.shib.io/2025/07/10/chinese-ftx-creditor-fights-payout-ban-should-shib-holders-worry/): Summary: Could legal restrictions on crypto payouts in certain countries affect users across the broader crypto ecosystem? Yes, the FTX estate’s motion to block payouts in restricted jurisdictions highlights how legal frameworks can limit access to digital assets based on location. Even decentralized platforms are not immune to such regulatory challenges. This case shows that geography still plays a key role in how crypto users can access their funds. Chinese FTX creditor Weiwei Ji has formally opposed a motion filed by the FTX Estate that aims to halt payouts to residents in jurisdictions with legal or regulatory constraints on cryptocurrency - [CLARITY Act May Let Tesla, Meta Dodge SEC — Will SHIB Still Comply?](https://news.shib.io/2025/07/10/clarity-act-may-let-tesla-meta-dodge-sec-will-shib-still-comply/): Summary: Could the CLARITY Act give big companies an unfair advantage over decentralized projects like Shibarium? Yes, the CLARITY Act could let major corporations like Tesla or Meta tokenize assets to avoid SEC oversight, raising fairness concerns. While Shibarium operates transparently with community-driven governance, it may still face stricter standards. This creates an uneven playing field that could threaten the future of truly decentralized ecosystems. Senator Elizabeth Warren, a prominent critic of the cryptocurrency industry, has voiced concerns that the proposed CLARITY Act could allow publicly traded companies to sidestep U.S. securities laws. The legislation, which aims to establish a - [SHIB Burn Explained: How the Community Is Creating a Deflationary Future](https://news.shib.io/2025/07/10/shib-burn-explained-how-the-community-is-creating-a-deflationary-future/): Key Takeways: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Ever heard of a community literally setting their money on fire—for fun and for the future? Welcome to the world of SHIB burn, where Shiba Inu holders voluntarily send their tokens to a dead-end wallet, forever removing them from circulation. Yep, no refunds, no take-backs—those SHIBs are gone for good. But here’s the twist: this isn’t crypto chaos. It’s a calculated, community-powered move to make SHIB scarcer, and potentially more valuable, over time. In the traditional world, companies might buy back stock to - [South Korea Recognizes Crypto Firms as Ventures — What Does This Mean for Shib?](https://news.shib.io/2025/07/09/south-korea-recognizes-crypto-firms-as-ventures-what-does-this-mean-for-shib/): Summary: Why is South Korea reclassifying crypto firms as venture companies? South Korea wants to support the growth of its digital asset sector. By giving crypto firms venture status, they can access tax breaks, subsidies, and state funding. This change reverses a 2018 policy that excluded them from such benefits. South Korea has announced plans to reclassify cryptocurrency trading and brokerage firms as “venture companies,” a shift that would grant them access to government subsidies, tax benefits, and financial assistance. The move marks a reversal of the current policy, which has explicitly excluded blockchain-based firms from receiving venture certification since - [North Korea Crypto Scam Grows: Fake IT Workers Target Firms](https://news.shib.io/2025/07/09/north-korea-crypto-scam-grows-fake-it-workers-target-firms-a-warning-for-shibarium-security/): Summary: How did North Korea use fake IT workers to support its operations? North Korean-linked actors used fake IT workers with stolen U.S. identities to get hired by unsuspecting companies. These workers secretly funneled money back to the DPRK and, in some cases, planted malware in company systems. The scheme highlights the growing need for stronger defenses in both traditional firms and decentralized platforms like Shibarium. The U.S. Treasury’s Office of Foreign Assets Control (OFAC) has sanctioned Song Kum Hyok from North Korea, Russian national Gayk Astaryan, and four entities tied to a North Korean-operated scheme involving fake IT workers. - [Tornado Cash Trial Sparks New Privacy Debate, What It Means for Shibarium](https://news.shib.io/2025/07/09/tornado-cash-trial-sparks-new-privacy-debate-what-it-means-for-shibarium/): Summary: Why is the Tornado Cash trial important for crypto developers and platforms like Shibarium? The trial raises key questions about how far legal liability extends for developers of privacy tools. Its outcome could set a precedent affecting future projects that build decentralized and privacy-focused features. For Shibarium, this means the verdict may influence how its ecosystem develops and protects innovation. U.S. District Judge Katherine Failla has indicated she is “inclined” to exclude any mention of the now-revoked 2022 sanctions against Tornado Cash from the upcoming criminal trial of co-founder Roman Storm. Judge Failla of the Southern District of New - [Linqto Bankruptcy Sparks Questions on Tokenized Assets in Web3](https://news.shib.io/2025/07/09/linqto-bankruptcy-sparks-questions-on-tokenized-assets-in-web3/): Summary: Why does the Linqto bankruptcy raise concerns about tokenized assets in Web3? The Linqto bankruptcy emphasizes the risks involved when platforms sell tokenized or fractional shares without clear legal ownership or regulatory oversight. Many investors may have believed they owned actual shares, but the company’s structure raised doubts about the legitimacy of those claims. This case serves as a warning for the Web3 space to ensure transparency and true ownership in decentralized investment models. Fintech platform Linqto, Inc. has filed for Chapter 11 bankruptcy, triggering concerns about the legitimacy of its investment offerings. The company, which pitched itself as - [Unlocking Your Digital Identity: A Complete Guide to the Shiba Inu Name Service](https://news.shib.io/2025/07/09/unlocking-your-digital-identity-a-complete-guide-to-the-shiba-inu-name-service/): Key Takeaways: Welcome to the world of Web3, where owning your digital identity isn’t just cool—it’s essential. Enter the Shiba Inu name service (SNS), a clever way to turn long, confusing crypto wallet addresses into simple, memorable names ending in .shib. Think of it like your personal internet handle—but on the blockchain, where you truly control your identity. But why does digital identity even matter in Web3? Unlike traditional apps where companies own your data, Web3 puts you in the driver’s seat. Your digital identity is your key to accessing decentralized apps, sending crypto, and proving who you are—without middlemen. - [Vitalik Backs Copyleft — Shibarium Already Leads by Example](https://news.shib.io/2025/07/09/vitalik-backs-copyleft-shibarium-already-leads-by-example/): Summary: What is copyleft, and why does Vitalik Buterin support it? Copyleft is a type of open-source license that requires anyone who builds on existing code to also share their modifications under the same terms. Vitalik Buterin supports it because he believes it protects open innovation and encourages collaboration in a crypto industry that’s becoming increasingly competitive. He sees it as a practical way to keep development transparent and community-driven. Ethereum co-founder Vitalik Buterin has urged the cryptocurrency sector to embrace “copyleft” open-source licenses, warning that the industry risks straying from its collaborative foundations. He emphasized that such licenses foster - [Beginner’s Guide to the Shiba Inu Ecosystem: SHIB, BONE, LEASH, TREAT & More](https://news.shib.io/2025/07/09/beginners-guide-to-the-shiba-inu-ecosystem-shib-bone-leash-treat-more/): Key Takeaways: Think SHIB is just a meme coin? Think again. What started as a playful homage to Dogecoin has evolved into something far more ambitious. The Shiba Inu token (SHIB) may have exploded onto the scene with wagging tails and internet hype, but behind the barks and memes lies a rapidly growing decentralized universe known as the Shiba Inu ecosystem. Born in 2020, SHIB captured attention with its quirky branding and passionate community. But what most people missed in the flurry of memes was the serious innovation quietly taking place behind the scenes. This isn’t just another meme coin—it’s - [Shiba Inu Price Analysis: SHIB'Breaking Out with Full Meme Force'](https://news.shib.io/2025/07/08/shiba-inu-price-analysis-shibbreaking-out-with-full-meme-force/): 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. A crypto analyst is declaring that Shiba Inu is “breaking out with full meme force” in a recent Shiba Inu price analysis, igniting speculation among day traders. The call comes right now as the meme coin pushes past a key resistance level on its hourly chart, fueled by what the analyst sees as growing volume and decisive momentum. The excitement was captured by the online analyst, CryptoTrader 786, as the price pushed past its recent ceiling. “$SHIB has exploded past resistance,” he wrote in - [Shiba Inu Price Prediction Sees SHIB Surging ‘Nearly 180%’](https://news.shib.io/2025/07/08/shiba-inu-price-prediction-sees-shib-surging-nearly-180/): 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. On crypto trading charts, a faint technical signal is prompting one analyst to issue a new Shiba Inu price prediction. Pointing to a ‘bullish divergence,’ he forecasts a nearly 180% price surge for the popular meme coin—a projection that, right now, pits the dry logic of market analysis against the wild, unpredictable energy of internet culture. The forecast that caught fire across social media came from Javon Marks, a crypto analyst who shares his chart readings online. “$SHIB (Shiba Inu) has confirmed a clear - [Why BONE Token Matters: Utility, Governance, and Shibarium Power](https://news.shib.io/2025/07/08/why-bone-token-matters-utility-governance-and-shibarium-power/): Key Takeaways: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. If you’ve ever fallen down the crypto rabbit hole and bumped into a barking meme coin with serious bite—yep, that’s SHIB. But the Shiba Inu ecosystem isn’t just about meme magic. It’s a fully-fledged decentralized movement with its own blockchain (Shibarium), its own community governance system (Doggy DAO), and a trio of tokens that each serve a unique purpose. One of those tokens—BONE—isn’t just a clever name. It’s the power player that keeps the whole pack running smoothly. So, what is BONE exactly? - [9 Blockchain Basics Every Newbie Should Know Before Investing](https://news.shib.io/2025/07/08/9-blockchain-basics-every-newbie-should-know-before-investing/): Key Takeaways: You wouldn’t buy a car without at least knowing which pedal makes it go—so why throw your money into crypto without understanding how the engine (aka blockchain) works? Before you start chasing coins or minting NFTs, it’s worth getting familiar with a few blockchain basics. Not because you need to become a tech wizard, but because knowing the fundamentals can save you a ton of confusion—and potentially, cash. Think of blockchain as the behind-the-scenes tech that makes crypto possible. It’s not magic. It’s not just hype. It’s a system—one that’s surprisingly elegant once you break it down. And - [Gaza Land for Blockchain-Based Tokens? Plan Sparks Blockchain Backlash](https://news.shib.io/2025/07/08/gaza-land-for-blockchain-based-tokens-plan-sparks-blockchain-backlash/): Summary: What ethical concerns has the Gaza land tokenization proposal raised about blockchain technology? The proposal has been widely criticized for exploiting a humanitarian crisis by using blockchain-based tokens to commodify displaced land. Critics warn that such plans reduce suffering to speculative investment, ignoring human dignity and local agency. This case spotlights the risks of misusing blockchain when ethical considerations are overlooked. The Tony Blair Institute, a non-profit policy organization, reportedly helped draft a proposal exploring the sale of Gaza land through blockchain-based tokens following the displacement of Palestinian residents who were compensated to leave. According to the Financial Times, - [Bot Surge Floods Meme Coin Launchpads — SHIB Stands Apart](https://news.shib.io/2025/07/08/bot-surge-floods-meme-coin-launchpads-shib-stands-apart/): Summary: What has Coinbase’s head of product revealed about token creation on meme coin launchpads?Conor Grogan revealed that most tokens on launchpads like Pump.fun and LetsBonk are created and managed by automated bots, with some accounts launching a new token every few minutes. This has led to thousands of tokens flooding the market daily, many of which are short-lived and low-effort. The scale of this activity shows how easily these platforms can be overwhelmed by automation rather than genuine human creators. Conor Grogan, Coinbase’s head of product, has revealed that most tokens released on meme coin launchpads like Pump.fun and - [$2M UK Crypto Scam Sparks Warning: DYOR or Risk Losing More Than Tokens](https://news.shib.io/2025/07/08/2m-uk-crypto-scam-sparks-warning-dyor-or-risk-losing-more-than-tokens/): Summary: How did the $2M UK crypto scam highlight the risks of centralized platforms? The scam exposed how easily fraudsters can exploit investor trust through opaque, centralized systems lacking proper oversight. Victims were cold-called and misled into investing in fake crypto consultancy services. The case underscores the need for more transparent, decentralized alternatives like Shibarium to reduce reliance on intermediaries and minimize risk. Two Londoners have been sentenced to more than ten years in prison for orchestrating a multi-year cryptocurrency fraud that deceived investors out of over $2 million (£1.5m) by promising high returns and misappropriating their funds. According to - [Tutti Frutti Women Brings Heart and Shibarium Power to NFT.NYC 2025](https://news.shib.io/2025/07/07/tutti-frutti-women-brings-heart-and-shibarium-power-to-nft-nyc-2025/): Summary: What does Tutti Frutti Women’s (TFW) presence at NFT.NYC 2025 reveal about Shibarium’s growing role in the NFT space? At NFT.NYC 2025, Tutti Frutti Women (TFW) became one of the first Shibarium-based NFT projects to hit the main stage—showcasing the chain’s growing relevance in the NFT space. With its mission-driven art and monthly airdrops supporting cancer warriors and survivors, TFW emphasized how Shibarium empowers purpose-led projects. Co-founder Andreia shared that the chain’s values closely align with their own. Bright, bold, and decked out in an explosion of color and flair, the Tutti Frutti Women (TFW) NFT collection has made - [Vitalik’s Gas Cap Plan: Will It Drive More Users to Shibarium?](https://news.shib.io/2025/07/07/vitaliks-gas-cap-plan-will-it-drive-more-users-to-shibarium/): Summary: How could Ethereum’s proposed gas cap lead more users to migrate to Shibarium? Ethereum’s proposed gas cap under EIP-7983 aims to improve security and performance but could restrict high-throughput transactions. This limitation may drive developers and users toward more flexible platforms like Shibarium, which offers lower fees and scalable infrastructure. As Ethereum becomes more restrictive, Shibarium’s user-friendly approach could attract those seeking greater efficiency. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Ethereum co-founder Vitalik Buterin has introduced EIP-7983, a proposal to implement a protocol-level gas cap on individual transaction usage, set - [Musk’s America Party Could Boost Bitcoin — and Spark SHIB Momentum](https://news.shib.io/2025/07/07/musks-america-party-could-boost-bitcoin-and-spark-shib-momentum/): Summary: How could Elon Musk’s proposed America Party impact Shiba Inu (SHIB)? If Musk’s America Party moves forward with a pro-Bitcoin stance, it could legitimize crypto in U.S. politics and spark wider adoption. This attention may benefit altcoins like Shiba Inu by attracting new investors and fostering a more favorable regulatory climate. For SHIB, it could mark the beginning of stronger visibility, demand, and ecosystem growth. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. SpaceX CEO Elon Musk has announced plans to launch a new political party called the “America Party,” which he - [India's 18% Crypto Tax: What It Means for Shiba Inu](https://news.shib.io/2025/07/07/indias-18-crypto-tax-what-it-means-for-shiba-inu/): Summary: How could India’s 18% crypto tax impact Shiba Inu (SHIB) and its ecosystem?India’s new 18% GST, on top of existing crypto taxes, may reduce profit margins and dampen trading activity for SHIB holders in the region. However, it also signals greater regulatory recognition of the crypto space. This could benefit established ecosystems like Shiba Inu by positioning them as more credible and compliant in a maturing market. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Dubai-based centralized cryptocurrency exchange Bybit Fintech Limited has begun applying an 18% Goods and Services Tax (GST) - [Singapore Banks Fined $22M — Shiba Inu’s Model Looks Safer](https://news.shib.io/2025/07/07/singapore-banks-fined-22m-shiba-inus-model-looks-safer/): Summary: Why were Singapore banks fined, and how does Shiba Inu’s approach compare? Nine financial institutions in Singapore were fined over US$21 million for AML/CFT compliance failures linked to a major money laundering case. Issues included poor customer risk assessments and weak monitoring despite having policies in place. In contrast, Shiba Inu’s upcoming FHE technology aims to enhance crypto AML detection while preserving user privacy. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The Monetary Authority of Singapore (MAS) has imposed US$21.55 million in penalties on nine Singapore banks, capital market services firms, - [North Korean Threat Actors Use NimDoor Malware to Target Apple Devices](https://news.shib.io/2025/07/04/north-korean-threat-actors-use-nimdoor-malware-to-target-apple-devices/): Summary: How are North Korean threat actors using NimDoor malware to target cryptocurrency companies through Apple devices? North Korean hackers are using a new malware strain called NimDoor to target cryptocurrency companies by infiltrating Apple devices. The attack begins with social engineering on platforms like Telegram, leading victims to download a fake Zoom update that installs the malware. Once active, NimDoor steals data from crypto wallets, browsers, and even Telegram, using tactics designed to evade detection. North Korean threat actors have launched a new cyberattack campaign targeting cryptocurrency companies, deploying advanced malware strains designed to infiltrate Apple devices. The malware - [JD.com and Ant Group Push for Yuan-Backed Stablecoins in Global Power Play](https://news.shib.io/2025/07/04/jd-com-and-ant-group-push-for-yuan-backed-stablecoins-in-global-power-play/): Summary: Why are JD.com and Ant Group pushing for yuan-backed stablecoins? JD.com and Ant Group want yuan-backed stablecoins to boost the yuan’s global role and offer an alternative to U.S. dollar-pegged tokens. They’ve urged the PBOC to launch the initiative in Hong Kong, aiming to expand later to China’s free trade zones. Regulators have reportedly responded positively to the proposal. JD.com, one of China’s leading e-commerce giants, and Ant Group, a major player in the country’s fintech sector, have reportedly urged the People’s Bank of China (PBOC) to introduce yuan-backed stablecoins. The push aims to offer an alternative to U.S. - [Crypto Billionaire Foils Kidnapping Attempt by Biting Off Attacker's Finger](https://news.shib.io/2025/07/04/crypto-billionaire-foils-kidnapping-attempt-by-biting-off-attackers-finger/): Summary: What does crypto billionaire Tim Heath’s kidnapping attempt say about rising threats in crypto? Tim Heath’s attempted kidnapping spotlights the growing physical threats facing high-profile figures in the crypto world. Heath’s case emphasizes how real-world violence is increasingly intersecting with digital wealth, prompting top crypto figures to invest heavily in private security. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. An Estonian court heard the case involving Australian crypto billionaire Tim Heath, founder of Yolo Group—the company behind prominent crypto-gambling platforms such as Bitcasino.io and Sportsbet.io—who was the target of a kidnapping - [Ripple Pushes for U.S. Bank Status Under Fresh Stablecoin Regs](https://news.shib.io/2025/07/03/ripple-pushes-for-u-s-bank-status-under-fresh-stablecoin-regs/): Ripple Labs Inc., a blockchain-focused fintech firm, has announced that it is applying for a U.S. banking license, positioning itself for potential compliance as lawmakers advance legislation to bring stablecoin issuers under federal oversight. The move mirrors a similar step recently taken by Circle Internet Financial. Ripple is seeking a banking license from the U.S. Office of the Comptroller of the Currency (OCC), CEO Brad Garlinghouse confirmed in a July 2 post on X. Garlinghouse stated that, if approved, the license would place Ripple under both state and federal oversight, a move he described as a “new benchmark for trust - [AI Jennifer Aniston Sweet-Talks British Victim Out of His Cash](https://news.shib.io/2025/07/03/ai-jennifer-aniston-sweet-talks-british-victim-out-of-his-cash/): Paul Davis, a resident of Southampton, UK, has recently fallen victim to an AI deepfake scam, resulting in a loss of approximately $255 (£200). The fraudulent scheme involved convincing him that he was communicating with American actress and Friends star Jennifer Aniston. Davis, 43, was targeted by an AI deepfake scam in which he received numerous messages purportedly from Aniston expressing affection while simultaneously soliciting money. Davis stated that he received an image that was presented as Aniston’s driver’s license, accompanied by a message from the scammer intended to convince him he was speaking with Aniston herself rather than an - [Quantum-Resistant Encryption Lands in Apple and Microsoft Updates](https://news.shib.io/2025/07/03/quantum-resistant-encryption-lands-in-apple-and-microsoft-updates/): Apple Inc., the American tech giant, has announced that its upcoming operating system updates for Mac will include support for quantum-secure key exchange algorithms, enabling enhanced encryption when connecting to TLS 1.3 servers that offer the same level of security. The announcement was made during Apple’s recent Worldwide Developers Conference, where the company outlined plans to integrate quantum-resistant encryption into its upcoming software. Apple confirmed that while the new systems will support quantum-secure key exchange, they will remain compatible with existing servers by defaulting to traditional algorithms when necessary. Quantum-resistant encryption refers to advanced cryptographic methods designed to withstand attacks - [AT&T Wireless Account Lets You Lock Your Phone Like a Vault](https://news.shib.io/2025/07/03/att-wireless-account-lets-you-lock-your-phone-like-a-vault/): AT&T Inc., one of the largest telecommunications providers in the U.S., has rolled out a new security feature called Wireless Account Lock, giving customers the ability to protect their accounts from SIM swapping attacks. According to AT&T’s official announcement, the new feature allows users to enable or disable account protection at any time, preventing key changes such as billing modifications and wireless number transfers. The tool is offered free of charge and is designed to enhance account security by blocking unauthorized access or alterations. Postpaid consumer wireless users can manage the feature via a toggle switch available within the myAT&T - [Evolution of Money: From Shiny Coins to Smart Contracts](https://news.shib.io/2025/07/03/evolution-of-money-from-shiny-coins-to-smart-contracts/): What do seashells, gold coins, paper bills, and Bitcoin all have in common? They’re all part of the wild, weird, and surprisingly creative evolution of money —a story that stretches from bartering goats to scanning QR codes in coffee shops. Money isn’t some fixed, one-size-fits-all invention. It’s a tool we keep upgrading as our world—and our tech—changes. And it has changed. A lot. That’s why understanding crypto isn’t about memorizing jargon or staring at charts. It starts with a simple idea: money has always evolved. From cowrie shells to central banks, every shift tells us something about who we are, - [BUILDING THE BEDROCK](https://news.shib.io/2025/07/02/building-the-bedrock/) - [Spain Busts $540M Crypto Scam Organization in Global Sting Operation](https://news.shib.io/2025/07/02/spain-busts-540m-crypto-scam-organization-in-global-sting-operation/): The Spanish Civil Guard has dismantled an international criminal network, arresting five individuals accused of orchestrating a large-scale crypto fraud and laundering illicit proceeds. Authorities say the crypto scam organization defrauded more than 5,000 victims across the globe, with estimated losses totaling nearly $540 million.  According to local reports, authorities dismantled the international criminal organization as part of Operation BOREELLI, targeting a Hong Kong-based company allegedly involved in fraudulent FOREX market investments.  In addition to five arrests, law enforcement conducted searches in Madrid and the Canary Islands. Investigators estimate that the scheme defrauded victims of approximately $498 million (€460 million) - [Elon Musk’s xAI Raises $10B as Trump Sparks Spending Feud with DOGE Joke](https://news.shib.io/2025/07/02/elon-musks-xai-raises-10b-as-trump-sparks-spending-feud-with-doge-joke/): Elon Musk’s artificial intelligence startup, xAI, has reportedly secured $10 billion in combined debt and equity funding. The massive capital raise signals growing investor confidence in next-generation AI ventures. According to CNBC, investment banking firm Morgan Stanley reported that approximately $5 billion of the total funding was raised through strategic equity investments, while the remainder came from secured notes and term loan financing. The fresh capital injection is expected to bolster xAI’s ability to expand its infrastructure and advance the development of its Grok AI chatbots, as the company positions itself to compete more aggressively in the artificial intelligence space, - [One Big Beautiful Bill Passes Without Crypto Tax Fix for Miners, Stakers](https://news.shib.io/2025/07/02/one-big-beautiful-bill-passes-without-crypto-tax-fix-for-miners-stakers/): After more than 24 hours of debate, the U.S. Senate has narrowly approved the budget reconciliation bill, nicknamed the “One Big Beautiful Bill”, in a 50-50 vote. The legislation has faced significant bipartisan criticism over healthcare reductions, AI oversight, and the impact of tax cuts on wealth distribution. Vice President JD Vance cast the deciding vote, breaking a 50-50 deadlock in the Senate. The legislation faced opposition from all Democrats and three Republicans, many of whom sought amendments addressing AI regulation and increased funding for rural hospitals. Senator Cynthia Lummis, known for her strong support of digital assets, proposed including - [Crypto ETPs Get Green Light as SEC Unveils Streamlined Approval Rules](https://news.shib.io/2025/07/02/crypto-etps-get-green-light-as-sec-unveils-streamlined-approval-rules/): The U.S. Securities and Exchange Commission (SEC) has moved to simplify the approval process for crypto ETPs. The agency unveiled new guidance that provides issuers with greater clarity and consistency in bringing these crypto-linked funds to market. In an official statement, the Commission said its Division of Corporation Finance issued guidance outlining how existing federal securities disclosure rules apply to the registration and offering of crypto asset exchange-traded products (ETPs). The guidance outlined a wide range of disclosure expectations, including how issuers calculate net asset value, choose service providers, manage asset custody, and address potential conflicts of interest. The guidance - [7 Unexpected Ways Web3 Is Already Integrated Into Daily Life](https://news.shib.io/2025/07/02/7-unexpected-ways-web3-is-already-integrated-into-daily-life/): Welcome to the world of Web3 — the next-level internet that’s shaking things up by putting power back in your hands, thanks to blockchain magic. Now, you might be thinking, “Web3? That sounds like tech jargon made for crypto geeks and coding wizards.” And hey, you’re not alone. A lot of people assume Web3 is some futuristic playground only for experts or hardcore crypto traders. But here’s the secret: Web3 isn’t just for the tech-savvy elite. It’s already sneaking into your daily life in surprising ways — quietly working behind the scenes, changing how we connect, play, shop, and even - [Shibarium Devs Issue Urgent Warning: Never Share Your Crypto Key](https://news.shib.io/2025/07/01/shibarium-devs-issue-urgent-warning-never-share-your-crypto-key/): 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Shibarium devs are urging the crypto community to treat private keys like sacred vaults. The message: your key is your kingdom—and the moment you share it, you lose everything. “In the rapidly evolving world of digital assets, your private key remains the ultimate guardian of your funds,” said John Doe, engineering manager at Shibarium, in a statement to The Shib Daily. “As a developer deeply involved in this space, I want to emphasize that it should never, under any circumstances, be shared. To do - [Circle Seeks U.S. Trust Bank Status to Oversee USDC Reserves Safely](https://news.shib.io/2025/07/01/circle-seeks-u-s-trust-bank-status-to-oversee-usdc-reserves-safely/): Circle Internet Group, Inc., a U.S.-based fintech firm and the issuer of the USDC stablecoin, has officially filed an application with the Office of the Comptroller of the Currency (OCC) to establish a national trust bank that would, among other responsibilities, oversee the company’s USDC reserves on behalf of its U.S. issuer. In an official press release, Circle stated that, if its application is approved, the proposed First National Digital Currency Bank, N.A. would function as a federally regulated trust entity under the supervision of the Office of the Comptroller of the Currency (OCC). The institution would be tasked with - [Senators Clash Over Crypto Rules in Trump’s Big Beautiful Bill](https://news.shib.io/2025/07/01/senators-clash-over-crypto-rules-in-trumps-big-beautiful-bill/): U.S. Senators have entered a vote-a-rama over a series of amendments to President Donald Trump’s sweeping tax and spending package, widely referred to as the “big beautiful bill”, with Senator Cynthia Lummis pushing to include tax relief measures for cryptocurrency. The Senate’s ongoing vote-a-rama on the Republican-backed One Big Beautiful Bill Act began at 9:35 a.m. on Monday and has stretched into several hours of continuous deliberation. Lawmakers from both parties have submitted a flood of proposed amendments, aiming to shape the massive tax and spending package before a final vote. With President Trump pushing for final approval by Friday, - [Supreme Court Lets IRS Keep Access to Coinbase User Crypto Data](https://news.shib.io/2025/07/01/supreme-court-lets-irs-keep-access-to-coinbase-user-crypto-data/): The United States Supreme Court has declined to hear a case brought by a Coinbase user who sued the Internal Revenue Service (IRS), alleging that the agency violated his Fourth Amendment rights after obtaining his transaction data from the cryptocurrency exchange. In an order issued on June 30, the U.S. Supreme Court declined to review the case of James Harper, who had filed a lawsuit against the IRS and several of its officials. Harper alleged that the IRS carried out an “unlawful search and seizure” of his private financial records, claiming the agency’s actions violated the Fourth Amendment of the - [$100K Vanishes in Bangkok Crypto Deal Gone Wrong at Mall Lot](https://news.shib.io/2025/07/01/100k-vanishes-in-bangkok-crypto-deal-gone-wrong-at-mall-lot/): Three individuals were robbed of 3.4 million baht, approximately $100,000 in cash, by a group of armed assailants in the parking lot of a popular mall in Lat Phrao, Bangkok. The crypto deal is the latest in a growing series of digital asset-related crimes reported in recent months. According to the local daily newspaper Thai Rath, the robbery took place at approximately 8:00 p.m. on June 30, 2025. Initial reports indicate the incident occurred on the second floor of the mall’s parking structure, with the five suspects, armed with guns and knives, fleeing the scene in a grey Honda Civic. - [How to Create and Mint NFTs as a Beginner (No Developer Skills Needed)](https://news.shib.io/2025/07/01/how-to-create-and-mint-nfts-as-a-beginner-no-developer-skills-needed/): Ready to dive into the exciting world of digital collectibles? If you’ve ever wondered how to create and mint NFTs but felt held back by tech jargon or coding fears, this guide is for you. NFTs—short for non-fungible tokens—are unique digital assets that can represent anything from art and music to videos and memes. They’ve taken the internet by storm, making headlines for their ability to prove ownership and authenticity of digital creations. But here’s the best part: you don’t need to be a developer or a tech wizard to join this digital revolution. Creating an NFT is more accessible - [Baidu to Open-Source Ernie AI Model, Shaking Up Global AI Market](https://news.shib.io/2025/06/30/baidu-to-open-source-ernie-ai-model-shaking-up-global-ai-market/): Baidu, one of China’s largest technology companies, has announced it will open-source its Ernie generative AI large language model, potentially delivering the most significant breakthrough in the AI race since DeepSeek’s launch earlier this year. According to CNBC, a Baidu spokesperson confirmed that the company plans to gradually open source its Ernie AI model. This announcement surprised many, given Baidu’s previous cautious stance toward open-source initiatives. “This isn’t just a China story. Every time a major lab open-sources a powerful model, it raises the bar for the entire industry,” Sean Ren, associate professor of computer science at the University of - [South Korea Halts CBDC Trials as Banks Shift Focus to Stablecoins](https://news.shib.io/2025/06/30/south-korea-halts-cbdc-trials-as-banks-shift-focus-to-stablecoins/): The Bank of Korea has reportedly hit pause on its CBDC trials, as local lenders pivot toward stablecoins amid shifting regulatory signals. The halt marks a potential turning point in the nation’s evolving fintech strategy. The Bank of Korea informed participating financial institutions that it is temporarily halting its CBDC trials, putting the next phase of testing on hold. The announcement, made on June 29, affects the second round of trials that had been scheduled to roll out later this year. The pilot, which began in April, was part of South Korea’s broader exploration into a potential state-backed digital currency. - [Iran’s Nobitex Recovers After $90M Hack Tied to Pro-Israel Group](https://news.shib.io/2025/06/30/irans-nobitex-recovers-after-90m-hack-tied-to-pro-israel-group/): Iran’s largest cryptocurrency exchange, Nobitex, has begun restoring services to its users after suffering a major security breach carried out by the pro-Israel hacking group “Gonjeshke Darande,” which drained at least $81.7 million in digital assets. In a June 29 announcement posted on its official X account, the crypto exchange stated that it began gradually restoring platform functionality, beginning with verified users and prioritizing access to spot wallets. The exchange added that support for other wallet types will be reintroduced in subsequent phases of the recovery process. “Once the accuracy and security of all information is confirmed, Nobitex will begin - [North Korea’s Lazarus Group Linked to New $3.2M Crypto Heist](https://news.shib.io/2025/06/30/north-koreas-lazarus-group-linked-to-new-3-2m-crypto-heist/): The North Korean-linked Lazarus Group has intensified its activities in the cryptocurrency sector, with recent investigations uncovering a series of incidents connected to the group’s cyber operations. On-chain investigator ZachXBT reported via his Telegram channel that the Lazarus Group was responsible for a $3.2 million digital asset scam targeting a single victim. “A victim had multiple addresses drained on Solana for $3.2M on May 16, 2025 in a suspected Lazarus Group attack,” ZachXBT wrote. The stolen assets were liquidated on the market, with the proceeds subsequently transferred from the Solana network to Ethereum (ETH) via a cross-chain bridge. ZachXBT further - [6 Crypto Myths That Deserve to Be Buried for Good](https://news.shib.io/2025/06/30/6-crypto-myths-that-deserve-to-be-buried-for-good/): Let’s be real: the crypto world is full of noise—and a lot of it comes from old, tired crypto myths that just won’t die. You’ve probably heard them: “It’s only for criminals,” “Bitcoin is dead,” or the classic, “NFTs are just overpriced JPEGs.” These myths spread fast, stick hard, and confuse the hell out of anyone trying to dip their toes into Web3 for the first time. That’s why we’re here. If you’re new to crypto (or even if you’ve been around the blockchain a few times), busting these myths isn’t just helpful—it’s necessary. This listicle is your no-fluff, mildly - [Optimizing the Future](https://news.shib.io/2025/06/27/optimizing-the-future/) - [Bone Technical Indicators Hint At Potential Surge](https://news.shib.io/2025/06/27/bone-technical-indicators-hint-at-potential-surge/): 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. After months of downward pressure, Bone ShibaSwap (BONE) is showing its first technical signs of strength in quite some time. Traders analyzing the charts say key momentum tools are beginning to flash bullish signals, hinting that the worst of the sell-off could be behind the token — at least for now. As the gas token powering the Shibarium blockchain, BONE plays a crucial role in the broader Shiba Inu ecosystem. But utility hasn’t protected its price. From late 2023 highs near $0.80, BONE has - [Judge Backs Meta in AI Copyright Case—but Warns of Future Risks](https://news.shib.io/2025/06/27/judge-backs-meta-in-ai-copyright-case-but-warns-of-future-risks/): Meta, the tech giant behind Facebook, has won a significant legal battle after a U.S. federal judge determined the company did not break copyright laws by using works from 13 authors to train its AI systems without obtaining prior consent. U.S. District Judge Vince Chhabria noted that the court granted summary judgment in favor of Meta, ruling that the authors behind the lawsuit failed to provide adequate evidence that the company’s use of their books to train AI models caused them any harm.  In 2023, a group of authors, including comedian Sarah Silverman and writer Ta-Nehisi Coates, filed a lawsuit - [Nigerian Man Admits Laundering $2.5M in Crypto from US Romance Scams](https://news.shib.io/2025/06/27/nigerian-man-admits-laundering-2-5m-in-crypto-from-us-romance-scams/): The Federal Bureau of Investigation (FBI) announced that Charles Uchenna Nwadavid, a Nigerian national, has pleaded guilty in a Boston federal court to stealing more than $2.5 million from six victims through romance scams and laundering the funds through cryptocurrency accounts he controlled. Nwadavid, 35, pleaded guilty to charges of mail fraud and money laundering, including aiding and abetting, according to an official press release from the U.S. Attorney’s Office for the District of Massachusetts. Nwadavid was taken into custody in April 2025 upon landing at Dallas-Fort Worth International Airport following a flight from the United Kingdom. Between approximately 2016 - [Judge Rejects Ripple, SEC Deal to Slash $125M XRP Penalty](https://news.shib.io/2025/06/27/judge-rejects-ripple-sec-deal-to-slash-125m-xrp-penalty/): The United States District Court for the Southern District of New York has rejected a joint request by the U.S. Securities and Exchange Commission (SEC) and Ripple Labs Inc. to revisit a key ruling in their ongoing legal battle. The court denied their motion to reduce Ripple’s $125 million civil penalty and to overturn the classification of XRP institutional sales as securities under Section 5 of the Securities Act. In a filing dated June 26, Judge Analisa Torres reaffirmed that the court would not revisit its earlier decisions, including the $125 million penalty imposed on Ripple. Torres emphasized that the - [New Shiba Inu Price Prediction Hints at Explosive 600% Growth](https://news.shib.io/2025/06/27/new-shiba-inu-price-prediction-hints-at-explosive-600-growth/): 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. A new Shiba Inu price prediction is turning heads across the crypto space and this time, the optimism isn’t just about hype—it’s coming from a chart that’s been quietly building pressure for months. The signal? A decisive breakout from a long-term downtrend, spotted by analyst @JavonTM1 on X (formerly Twitter), who believes Shiba Inu may be gearing up for a move that could take it more than 600% higher than its current price. And while such predictions are nothing new in crypto, this one - [UAE Firm Buys $100M Stake in Trump-Backed World Liberty Financial Token](https://news.shib.io/2025/06/27/uae-firm-buys-100m-stake-in-trump-backed-world-liberty-financial-token/): Aqua 1, a UAE-based Web3 investment fund, has made a $100 million strategic move into World Liberty Financial (WLFI), a DeFi protocol with ties to the Trump family—becoming its largest token holder in the process. According to a blog post by Aqua 1, the investment is aimed at fast-tracking the development of a blockchain-driven financial ecosystem, one focused on real-world asset (RWA) tokenization, stablecoin integration, and broader blockchain innovation. The goal, the firm added, is to redefine global capital efficiency through decentralized infrastructure. “This collaboration pioneers the institutional migration of traditional finance to decentralized finance by accelerating the adoption of - [Getting Started with Blockchain Gaming: How It Works and Why It Matters](https://news.shib.io/2025/06/27/getting-started-with-blockchain-gaming-how-it-works-and-why-it-matters/): Let’s be real—video games have come a long way from pixelated plumbers and falling blocks. But now, there’s a new player in town: blockchain gaming. Imagine games where you actually own that rare sword you spent 40 hours grinding for. Not just in the game—but in your wallet, as a tradable digital asset. Sounds like loot worth logging in for, right? So, what is blockchain gaming? In the simplest terms, it’s the fusion of video games and blockchain tech—meaning your in-game items, characters, or rewards aren’t just floating in some server farm; they’re tied to the blockchain, giving you real - [Shiba Inu Price Could Rally 50+% Despite Whale Selloff](https://news.shib.io/2025/06/26/shiba-inu-price-could-rally-50-despite-whale-selloff/): The Shiba Inu price is flashing a powerful technical signal that could pave the way for a major rally—even as its largest holders quietly head for the door.  The meme coin’s chart had shown a textbook “double-bottom” pattern, a formation often associated with sharp upward reversals. While some whales were trimming their positions, traders watching the charts believed the Shiba Inu price could jump more than 50% if the pattern played out. The double-bottom—shaped like the letter “W”—suggested the token had found a strong support zone and might be building toward a breakout. One of the first to flag the - [US Housing Regulator Urges Fannie Mae and Freddie Mac to Accept Crypto Assets](https://news.shib.io/2025/06/26/us-housing-regulator-urges-fannie-mae-and-freddie-mac-to-accept-crypto-assets/): William J. Pulte, Director of the Federal Housing Finance Agency (FHFA), has directed Fannie Mae and Freddie Mac to factor in cryptocurrency holdings when assessing risk for certain home loans. The order marks a notable shift in how crypto assets may influence traditional mortgage underwriting. In a letter dated June 25, which Pulte shared on X, the FHFA director instructed government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac to draft a “proposal for consideration” on how cryptocurrency could be treated as an asset in their single-family mortgage loan risk evaluations. Notably, the directive specifies that the digital assets should be - [Fuzzland Reveals Insider Behind $2M UniBTC Hack at Bedrock](https://news.shib.io/2025/06/26/fuzzland-reveals-insider-behind-2m-unibtc-hack-at-bedrock/): Web3 security firm Fuzzland has confirmed that a former employee leveraged insider access and deployed malware to exploit Bedrock’s UniBTC protocol, leading to $2 million in losses. The company emphasized that no customer data was compromised in the breach. In an official X post, Fuzzland disclosed details concerning a security incident that occurred in September 2024. “A former Fuzzland employee used insider access and deployed advanced persistent threat techniques to steal sensitive information from our systems for over three weeks,” Fuzzland wrote. “The exploit was enabled by a combination of a breach of TLP:RED protocols by someone who accessed intelligence - [Nobitex Hack Unmasks Months of Hidden Bitcoin Movements](https://news.shib.io/2025/06/26/nobitex-hack-unmasks-months-of-hidden-bitcoin-movements/): Global Ledger, a blockchain intelligence firm, has revealed that long before the recent $90 million hack on Iran’s top crypto exchange Nobitex, the platform had been routinely shifting user funds using patterns typically linked to money laundering operations. According to Global Ledger’s investigation, on-chain data shows that the crypto exchange employed a method called peel chaining. This involves breaking large sums of cryptocurrency into smaller, hard-to-trace transactions through a series of wallet transfers. Each transfer peels off a portion of the funds, sending the rest to a new address in a long chain of seemingly innocuous movements. Global Ledger uncovered - [zkLend Shuts Down After $9.5M Hack and Token Delisting Woes](https://news.shib.io/2025/06/26/zklend-shuts-down-after-9-5m-hack-and-token-delisting-woes/): zkLend, a decentralized lending platform built on Ethereum’s layer-2 network Starknet, has announced it is shutting down. The decision to wind down comes months after a multimillion-dollar hack and ongoing struggles with token liquidity. zkLend formally announced its decision to cease operations in an official statement posted on X. “This decision was not made lightly. Over recent months, the exploit we suffered has deeply eroded user confidence, and furthermore, the recent removal of ZEND from major exchanges such as Bybit and KuCoin has further constrained token liquidity and accessibility,” zkLend wrote.  The referenced exploit occurred in February 2025, when zkLend - [9 Unexpected Ways to Use NFTs Beyond Digital Art](https://news.shib.io/2025/06/26/9-unexpected-ways-to-use-nfts-beyond-digital-art/): When most people hear NFTs, their minds jump straight to flashy digital art—those eye-catching, sometimes bizarre images selling for jaw-dropping prices. And sure, digital art is where NFTs made their big splash, turning pixels into pricey collectibles. But if you think NFTs are just about buying and selling digital images, you’re only scratching the surface. NFTs are like the Swiss Army knives of the digital world—surprising, versatile, and packed with hidden features. They’re not just collectibles; they’re keys, tickets, memberships, and even financial tools all rolled into one. Ready to get your mind blown? This list is about to reveal - [NYSE Seeks Approval to List Trump-Backed Bitcoin and Ethereum ETF](https://news.shib.io/2025/06/25/nyse-seeks-approval-to-list-trump-backed-bitcoin-and-ethereum-etf/): The New York Stock Exchange (NYSE) has submitted a proposed rule change seeking approval to list a new Bitcoin and Ethereum ETF backed by Trump Media & Technology Group. If given the green light, the fund would track the prices of both BTC and ETH, marking a bold entry into the crypto market by the media company founded by President Donald Trump. According to the filing, the proposed rule change emphasizes safeguards against fraud and market manipulation, noting that any exchange-traded fund (ETF) shares would be subject to the NYSE’s established listing and trading standards, both at the time of - [Coinbase Aids Secret Service in Record $225M Crypto Scam Bust](https://news.shib.io/2025/06/25/coinbase-aids-secret-service-in-record-225m-crypto-scam-bust/): Crypto exchange Coinbase has announced that it played a key role in assisting the U.S. Secret Service (USSS) with its largest-ever crypto seizure, helping the agency recover $225 million in USDT linked to online investment fraud schemes known as “pig butchering.” In a recent blog post, the crypto exchange detailed its support for the USSS investigation, which included tracking blockchain transactions and assisting in pinpointing scam victims who may qualify for compensation. The U.S. Department of Justice (DOJ) filed a civil forfeiture action last week seeking to seize over $225 million in cryptocurrency recovered by the Secret Service, believed to - [SparkKitty Malware Steals Gallery Photos to Hunt Crypto Seed Phrases](https://news.shib.io/2025/06/25/sparkkitty-malware-steals-gallery-photos-to-hunt-crypto-seed-phrases/): Kaspersky Lab’s research arm, SecureList, has uncovered a new malware threat dubbed SparkKitty, designed to extract images from compromised devices in search of cryptocurrency seed phrases. Cybersecurity researchers Sergey Puzan and Dmitry Kalinin from Kaspersky report that SparkKitty is actively attacking both iOS and Android platforms by sneaking into certain apps available through the Apple App Store and Google Play. The report revealed that attackers embedded a malicious SDK or framework into certain apps, enabling the malware to activate once a user accessed a specific screen, often a support chat interface. At that point, it would request permission to access - [UAE Taxis Now Accept Stablecoin AE Coin for Cashless Rides](https://news.shib.io/2025/06/25/uae-taxis-now-accept-stablecoin-ae-coin-for-cashless-rides/): Abu Dhabi has become the first city in the world to let taxi passengers pay fares using a national stablecoin, as riders can now use AE Coin, tied directly to the UAE dirham, for cashless trips across the capital. Crypto education platform Coin Bureau shared that passengers in Abu Dhabi can now pay for taxi rides using the AEC Wallet app, thanks to a new initiative by Tawasul Transport in collaboration with Al Maryah Community Bank and the Integrated Transport Center (ITC). By simply scanning a QR code inside the vehicle, riders can complete transactions quickly and securely, with no - [Beginner’s Guide to Storing Crypto Safely with a Cold Wallet](https://news.shib.io/2025/06/25/beginners-guide-to-storing-crypto-safely-with-a-cold-wallet/): If you’re diving into the world of crypto, one of the first things you’ll hear about is a cold wallet — and for good reason. Think of it as the digital version of a super-secure safe where you can stash your crypto away from hackers and online threats. Secure storage matters because, unlike cash in your wallet, crypto lives on the internet, which means it’s always just a click away from potential danger. So what exactly is a cold wallet? Simply put, it’s a way to keep your crypto completely offline. This is very different from “hot wallets,” which are - [OKX Plans US IPO After Relaunch Amid Rising Regulatory Pressure in Asia](https://news.shib.io/2025/06/24/okx-plans-us-ipo-after-relaunch-amid-rising-regulatory-pressure-in-asia/): Major global crypto exchange OKX has reportedly been exploring a public listing in the United States, following its relaunch in the country and amid growing regulatory pressures in Asia. Following its return to the U.S. market in April, the crypto exchange is reportedly considering an initial public offering (IPO) and a potential listing on a domestic stock exchange, according to The Information. OKX’s consideration of a U.S. IPO coincides with mounting regulatory challenges in Asia. In late May, the Thai Securities and Exchange Commission announced it would prohibit OKX, along with four other exchanges, Bybit, 1000X, CoinEx, and XT.COM, from - [Trezor Warns Users After Phishing Emails Exploit Support System](https://news.shib.io/2025/06/24/trezor-warns-users-after-phishing-emails-exploit-support-system/): Trezor, a hardware crypto wallet provider, has issued an urgent alert after attackers exploited its support contact form to send phishing emails requesting wallet backups to users, amid a broader wave of industry-wide attacks. In an official post on X, the company revealed that bad actors exploited the form to send phishing emails that mimicked legitimate responses from Trezor’s support team. “These scam emails appear legitimate but are a phishing attempt,” Trezor wrote. “Remember, NEVER share your wallet backup — it must always stay private and offline. Trezor will never ask for your wallet backup,” it added.  Trezor clarified that - [Federal Reserve Scraps Reputational Risk Rule, Opening Doors for Crypto Banks](https://news.shib.io/2025/06/24/federal-reserve-scraps-reputational-risk-rule-opening-doors-for-crypto-banks/): The U.S. Federal Reserve has announced that it will no longer consider “reputational risk” in its oversight of banks, dropping the practice from its routine examination process. The move signals a shift away from evaluating financial institutions based on potential public backlash or media scrutiny, narrowing the focus of supervisory reviews to more tangible risks. The Federal Reserve Board announced Monday that it began revising its supervisory guidance to eliminate mentions of reputation and reputational risk. As part of the overhaul, references in examination manuals and related materials will be replaced, where relevant, with more precise language focused on financial - [ZachXBT Uncovers $4M Coinbase Scam That Left Victims Wallets Empty](https://news.shib.io/2025/06/24/zachxbt-uncovers-4m-coinbase-scam-that-left-victims-wallets-empty/): On-chain investigator ZachXBT has revealed a phone-based support scam engineered by Christian Nieves, a New York-based con artist, siphoned more than $4 million from the wallets of crypto exchange Coinbase customers. In a lengthy X post, the on-chain sleuth outlined the sophisticated social engineering scheme orchestrated by Nieves, who operated online under the aliases Daytwo and PawsOnHips. According to ZachXBT, Nieves impersonated Coinbase customer support representatives to execute the scam. Nieves allegedly ran a small call center operation, where he also acted as a caller, targeting victims through phone-based phishing tactics. The group reportedly convinced individuals to create Coinbase wallets - [The Origin of NFTs: How Crypto Culture Created a New Art Movement](https://news.shib.io/2025/06/24/the-origin-of-nfts-how-crypto-culture-created-a-new-art-movement/): If you’ve been anywhere near the internet in the last few years, chances are you’ve heard the buzz about non-fungible tokens (NFTs) — those digital collectibles that have taken the art world, social media, and even pop culture by storm. But what exactly are NFTs, and why are people spending millions on pixelated images, funky animations, or even tweets? Well, to really get why NFTs are more than just a flashy trend, it helps to take a step back and dive into the origin of NFTs. Understanding where NFTs come from isn’t just a history lesson—it’s like unlocking a secret - [Bitcoin Reserve Established as Texas Becomes First State to Invest Public Funds](https://news.shib.io/2025/06/23/bitcoin-reserve-established-as-texas-becomes-first-state-to-invest-public-funds/): Texas has made history as the first U.S. state to allocate public funds to a dedicated Bitcoin Reserve, following Governor Greg Abbott’s signing of Senate Bill 21, which establishes a state-managed fund treating Bitcoin as a long-term financial asset. Under the new legislation, the Texas Strategic Bitcoin Reserve will function separately from the state’s general treasury, with the goal of boosting financial stability and offering a potential hedge against inflation. The bill also limits eligibility to assets with a market capitalization above $500 billion, a benchmark that, for now, only Bitcoin meets.   The Texas Strategic Bitcoin Reserve will be overseen - [CoinMarketCap Removes Fake Wallet Popup, Ongoing Probe Underway](https://news.shib.io/2025/06/23/coinmarketcap-removes-fake-wallet-popup-ongoing-probe-underway/): CoinMarketCap has taken down a malicious pop-up that appeared on its site urging users to verify their crypto wallets. The crypto data platform confirmed the removal and said an internal investigation into the incident remains underway. “We’re aware that a malicious pop-up prompting users to ‘Verify Wallet’ has appeared on our site,” CoinMarketCap wrote in a post on its official X account. The platform acknowledged the incident publicly as reports of the suspicious activity circulated on social media. CoinMarketCap further warned users not to connect their wallets.  Several crypto users on X flagged the malicious pop-up on CoinMarketCap’s site as - [Crypto Kidnapping Shocks Paris as Surge in Violent Attacks Continue](https://news.shib.io/2025/06/23/crypto-kidnapping-shocks-paris-as-surge-in-violent-attacks-continue/): A 23-year-old man and his partner have become the latest victims in a string of crypto kidnapping cases in France after the man was abducted and his partner was forced to gather €5,000 in cash along with his Ledger digital wallet access key. According to a local report from Le Parisien, the couple from Maisons-Alfort was targeted by an organized gang on Tuesday. The incident began mid-morning as the pair left their home by car to run errands. Upon reaching their destination and struggling to find a parking spot, the 23-year-old man stayed behind to search for one while his - [Lazarus Group Linked to Crypto Laundering via Garden Finance, Says ZachXBT](https://news.shib.io/2025/06/23/lazarus-group-linked-to-crypto-laundering-via-garden-finance-says-zachxbt/): Blockchain investigator ZachXBT has accused Garden Finance, a Bitcoin-native decentralized finance (DeFi) protocol, of laundering crypto tied to Lazarus Group hacks like Bybit. ZachXBT claimed in a recent post on X that more than 80% of Garden Finance’s revenue comes from laundering funds allegedly linked to North Korea’s Lazarus Group. The accusation directly counters a post by Garden Finance co-founder Jaz Gulati, who spotlighted the protocol’s growth, citing 38.86 Bitcoin (BTC) in total fees and $300,000 earned in the 12 days leading up to June 2. “You conveniently left out >80% of your fees came from Chinese launderers moving Lazarus - [How to Read a Crypto Whitepaper: Key Things to Watch For](https://news.shib.io/2025/06/23/how-to-read-a-crypto-whitepaper-key-things-to-watch-for/): Let’s be honest—“crypto whitepaper” sounds like something you’d pretend to read while actually Googling “what does this mean in normal English?” And you’re not alone. These documents are the official pitch decks of the crypto world, where projects explain what they’re building, why it matters, and how their token fits into the grand plan. Think of them as part vision board, part tech blueprint, and part trust test. But here’s the twist: just because a whitepaper uses fancy terms like “decentralized consensus layer” doesn’t mean the project actually makes sense—or that it’s not a dressed-up rug pull. For investors, builders, - [16 Billion Stolen Login Credentials Expose Crypto Wallets to Hacker Attacks](https://news.shib.io/2025/06/20/16-billion-stolen-login-credentials-expose-crypto-wallets-to-hacker-attacks/): A massive trove of leaked data, amounting to 16 billion login credentials, has surfaced online, marking one of the largest breaches ever recorded. Security researchers believe the credentials were harvested by a range of infostealer malware strains and compiled from multiple incidents over time. Cybernews researchers uncovered a massive trove of data, containing billions of login credentials spanning everything from social media accounts and corporate systems to VPN services and developer platforms. The discovery points to an unprecedented concentration of stolen access data circulating in cybercriminal spaces. Since January, the Cybernews team has been actively tracking the web for large-scale - [Telegram Founder Pavel Durov Granted Temporary Approval to Travel from France](https://news.shib.io/2025/06/20/telegram-founder-pavel-durov-granted-temporary-approval-to-travel-from-france/): Pavel Durov, founder of the cloud-based messaging app Telegram, has received court permission to leave France for 14 days to travel to Dubai, United Arab Emirates, where Telegram is officially registered and based. Local news outlet Le Monde reported that Durov was granted permission to leave France on July 10 for a brief trip. He is expected to return to France to continue addressing his ongoing legal matters. In May, French authorities rejected Durov’s request to travel to Oslo, Norway, where he was scheduled to deliver a keynote speech at the Human Rights Foundation’s Oslo Freedom Forum. As a result, - [Trump Family Cuts Stake in World Liberty Financial to 40%](https://news.shib.io/2025/06/20/trump-family-cuts-stake-in-world-liberty-financial-to-40/): DT Marks DEFI LLC, linked to President Donald Trump and his family, has recently reduced its ownership stake in World Liberty Financial (WLF), the decentralized finance (DeFi) platform founded by Trump and his sons, from 60% down to 40%. The ownership decrease was reflected through a subtle update in the fine print on World Liberty Financial’s website. Forbes reported that, based on a financial disclosure summarizing the president’s business interests, DT Marks DEFI LLC held a 75% stake in World Liberty Financial as of late December. However, in the weeks before President Trump’s January inauguration, the Trump family reportedly sold - [OpenAI Drops Scale AI After Meta Buys Major Stake in the Startup](https://news.shib.io/2025/06/20/openai-drops-scale-ai-after-meta-buys-major-stake-in-the-startup/): AI firm OpenAI has begun winding down its contracts with U.S.-based data labeling firm Scale AI after the company was acquired by tech giant Meta, signaling a shift in the AI firm’s outsourcing strategy. Just days after Meta revealed a $14.8 billion deal for a 49% stake in Scale AI, OpenAI reportedly reduced its dependence on the startup’s data services, according to Bloomberg. The move marks a notable shift in how the ChatGPT-maker manages its training data partnerships. The deal, announced on June 12, marks Meta’s second-largest acquisition to date and includes Scale AI CEO Alexandr Wang joining the company’s - [Blockchain and Censorship Resistance: Myth or Reality?](https://news.shib.io/2025/06/20/blockchain-and-censorship-resistance-myth-or-reality/): Welcome to the wild world of blockchain — where buzzwords like decentralization and censorship resistance get tossed around like confetti at a crypto party. But what exactly does censorship resistance mean, and why should you care? Simply put, it’s the idea that no single person, company, or government can block or erase your transactions, messages, or digital actions on the blockchain. Imagine a system where your voice can’t be silenced, and your digital assets can’t be frozen just because someone doesn’t like what you’re doing. Sounds pretty cool, right? For users and developers, censorship resistance isn’t just a fancy phrase; - [Chinese Bitcoin Hardware Giants Build U.S. Factories to Bypass Tariffs](https://news.shib.io/2025/06/19/chinese-bitcoin-hardware-giants-build-u-s-factories-to-bypass-tariffs/): Three major Chinese Bitcoin hardware makers, Bitmain, Canaan, and MicroBT, have reportedly begun setting up production hubs in the U.S., a shift influenced by President Donald Trump’s tariff push. As America’s $38 billion crypto mining sector has remained heavily reliant on Chinese equipment, the companies’ move signals a strategic response to rising trade pressures and a changing global mining landscape. China’s leading Bitcoin hardware firms collectively dominate more than 90% of the global mining rig market, serving as the primary manufacturers of the Application-Specific Integrated Circuit (ASIC) machines that power the Bitcoin network’s core infrastructure. These companies play a central - [GENIUS Act Heads to House as Trump Demands Speedy Approval](https://news.shib.io/2025/06/19/genius-act-heads-to-house-as-trump-demands-speedy-approval/): President Donald Trump has urged the House to quickly approve the GENIUS Act after the U.S. Senate has passed the Guiding and Establishing National Innovation for US Stablecoins Act by a majority vote. He aims to sign the bill into law soon. In a post on his social media platform Truth Social, President Trump noted the Senate’s recent passage of a bill he described as one that will “make America the UNDISPUTED Leader in Digital Assets,” praising it as pure “genius.” “Digital Assets are the future, and our Nation is going to own it. We are talking about MASSIVE Investment, - [Crypto Fraud Probe Leads to $225M DOJ Seizure, Largest in History](https://news.shib.io/2025/06/19/crypto-fraud-probe-leads-to-225m-doj-seizure-largest-in-history/): The U.S. Department of Justice (DOJ) has filed a civil forfeiture complaint targeting over $225 million in cryptocurrency allegedly tied to international crypto fraud. According to a DOJ press release, the complaint, filed in the U.S. District Court for the District of Columbia, claimed that law enforcement traced the digital assets using blockchain analysis and other investigative methods, linking them to stolen and laundered funds from defrauded investors. The complaint further alleges that the $225 million in crypto was tied to a complex laundering network that ran hundreds of thousands of transactions to disguise funds from crypto investment fraud, spreading - [Nobitex Hit by $81M Breach By Pro-Israel Hackers](https://news.shib.io/2025/06/19/nobitex-hit-by-81m-breach-by-pro-israel-hackers/): Iran’s leading cryptocurrency exchange, Nobitex, has reportedly suffered a major security breach, with a pro-Israel hacker group known as “Gonjeshke Darande” claiming responsibility. The attack is said to have drained at least $81.7 million in assets across the Tron network and Ethereum Virtual Machine (EVM)-compatible blockchains. Blockchain investigator ZachXBT reported that the attackers behind the Nobitex breach leveraged a “vanity address” to carry out the exploit, triggering “suspicious outflows” from several wallets tied to the Iranian crypto exchange. The initial $49 million was drained through an address labeled “TKFuckiRGCTerroristsNoBiTEXy2r7mNX,” while a second address used in the operation was “0xffFFfFFffFFffFfFffFFfFfFfFFFFfFfFFFFDead.” “This - [Why Decentralization Is More Than Tech: A Look at the Philosophy](https://news.shib.io/2025/06/19/why-decentralization-is-more-than-tech-a-look-at-the-philosophy/): You’ve probably heard the word decentralization thrown around like confetti at a crypto party — but guess what? It’s way more than just a trendy tech term. At its heart, decentralization is a big idea with deep roots in philosophy, politics, and how people organize themselves. It’s about who holds power, who gets to make decisions, and how trust gets built without relying on a single “boss” or middleman. Understanding the philosophy behind decentralization is super important—not just if you’re into blockchain or crypto, but because it’s changing how communities, businesses, and even governments work. This idea challenges old-school ways - [Thailand Grants Five-Year Tax Exemption on Crypto Profits Starting 2025](https://news.shib.io/2025/06/18/thailand-grants-five-year-tax-exemption-on-crypto-profits-starting-2025/): Thailand has granted a five-year tax exemption on income from the sale of cryptocurrencies like Bitcoin, applying to transactions made via licensed crypto asset service providers from 2025 through late 2029. Thailand’s Ministry of Finance announced that capital gains tax will be waived on cryptocurrency sales conducted through licensed digital asset service providers. The tax exemption will apply to transactions made between January 1, 2025, and December 31, 2029. In a recent statement, Deputy Finance Minister Julapun Amornvivat emphasized that the new tax measure aims to enhance Thailand’s status as a global financial center. He noted that the policy aligns - [Pump.fun Faces Backlash Over $741M Fees and Scam Allegations](https://news.shib.io/2025/06/18/pump-fun-faces-backlash-over-741m-fees-and-scam-allegations/): Pump.fun, a decentralized meme coin launchpad built on Solana, has drawn sharp criticism after generating $741 million in fees from the sale of over 4.1 million SOL tokens. While the platform’s rapid growth has attracted headlines, its role in enabling a wave of high-risk speculative coins, some linked to disturbing content and live stream incidents, has prompted growing concern among critics and industry observers. Crypto influencer Crypto Bitlord publicly criticized meme coin launchpad Pump.fun in a recent post on X, citing data from blockchain analytics platform LookOnChain. The influencer accused Pump.fun of collecting millions of dollars in fees and alleged - [Ohio Bitcoin Rights Bill Passes Committee, Boosting Crypto Growth](https://news.shib.io/2025/06/18/ohio-bitcoin-rights-bill-passes-committee-boosting-crypto-growth/): House Bill 116, known as the Bitcoin Rights bill, has been unanimously approved by Ohio’s House Technology and Innovation Committee, spotlighting the state’s growing commitment to leading in cryptocurrency and blockchain technology. Introduced by Republican Representative Steve Demetriou, the bill aims to safeguard the rights of digital asset owners and now moves to the full Ohio House of Representatives for discussion and voting. Demetriou described the voting day as a historic milestone for Ohio, emphasizing that it establishes a foundation to foster emerging technologies and enhance financial autonomy for its residents. The unanimous 13-0 vote reflects growing bipartisan agreement on - [Senate Passes GENIUS Act, Pushing Stablecoin Rules Forward](https://news.shib.io/2025/06/18/senate-passes-genius-act-pushing-stablecoin-rules-forward/): The U.S. Senate has approved the GENIUS Act with a decisive 68-30 vote, advancing the bill aimed at establishing clearer federal guidelines for digital assets. “With this bill, the United States is one step closer to becoming the global leader in crypto,” Senator Bill Hagerty, the bill’s sponsor, stated during remarks on the Senate floor ahead of the vote. “Once the GENIUS Act is law, businesses of all sizes, and Americans across the country will be able to settle payments nearly instantaneously rather than waiting for days or sometimes even weeks,” he added.  The Guiding and Establishing National Innovation for - [Why Your Seed Phrase Matters and How to Keep It Safe and Secure](https://news.shib.io/2025/06/18/why-your-seed-phrase-matters-and-how-to-keep-it-safe-and-secure/): If you’re diving into the world of crypto, you’ve probably heard the term seed phrase tossed around like some secret magic spell—and honestly, that’s not too far off. Think of your seed phrase as your crypto wallet’s ultimate password, a special set of words that unlocks your digital treasure chest. Without it, your crypto could be lost forever, kind of like forgetting the combination to your safe or losing the keys to your house. Seed phrases are super important because they give you total control over your crypto funds. They’re the backbone of your wallet’s security and the only way - [Shib Alpha Layer & Rollups: Clearing the Traffic for a Smarter Web3](https://news.shib.io/2025/06/17/shib-alpha-layer-rollups-clearing-the-traffic-for-a-smarter-web3/): Web3’s notorious traffic jams might finally be clearing up, as new tech like Rollups steps in to speed things up and cut costs, and the Shib Alpha Layer is now using this to build a smoother ride for everyone. If you’ve heard Rollup and Layer 2 tossed around in crypto discussions and felt a bit lost, you’re not alone. These terms sound complex, but they describe a really smart way blockchains are evolving to handle more users and transactions without the crazy fees or slow speeds. Think of it like this: the main blockchain is a popular but often congested - [Pump.fun X Accounts Suspended Ahead of 1B Token Sale Launch](https://news.shib.io/2025/06/17/pump-fun-x-accounts-suspended-ahead-of-1b-token-sale-launch/): Multiple X accounts linked to meme coin launchpad Pump.fun and the open-source operating system ElizaOS have been suspended, including official project accounts and those of key executives. Among those affected are Pump.fun co-founder Alon Cohen and Eliza Labs’ Shaw Walters, whose accounts were taken down alongside a growing list of crypto-affiliated profiles. In total, at least 19 accounts have reportedly been suspended, with no formal reasoning provided by the platform. Accounts linked to GMGN, Bloom Trading, and BullX have also gone dark. Their disappearance has sparked speculation about possible enforcement actions or policy violations within the broader Solana meme coin - [Trump Mobile Launches With $499 Phone and Bold 'Made in USA' Claim](https://news.shib.io/2025/06/17/trump-mobile-launches-with-499-phone-and-bold-made-in-usa-claim/): President Donald Trump’s family company, The Trump Organization, has licensed its brand for a new U.S. mobile service and smartphone called Trump Mobile, retailing at $499, another effort to monetize the Trump name. The Trump family’s newest business venture, negotiated by President Donald Trump’s children, is set to introduce a gold-colored smartphone marketed as “built in the United States.” The device will run on the infrastructure of the three largest U.S. wireless providers. Alongside the phone, a mobile service plan will be offered at $47.45 per month—a nod to Trump’s tenure as both the 45th and 47th president. “We are - [Trump’s Truth Social Moves to List Dual Crypto ETF on NYSE](https://news.shib.io/2025/06/17/trumps-truth-social-moves-to-list-dual-crypto-etf-on-nyse/): Truth Social, the social media network owned by President Donald Trump, has filed an S-1 registration with the U.S. Securities and Exchange Commission (SEC) to launch a dual-spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded fund (ETF). On June 16, Truth Social submitted an S-1 filing proposing the launch of the Truth Social Bitcoin and Ethereum ETF. Sponsored by asset manager Yorkville America Digital, the fund aims to give investors easy access to Bitcoin and Ether through shares backed by these cryptocurrencies, simplifying exposure without the challenges of direct ownership. The filing states that Foris DAX Trust Company, operating as Crypto.com, - [Sun’s Tron to List via Merger, Trump Family Connections Stir Buzz](https://news.shib.io/2025/06/17/suns-tron-to-list-via-merger-trump-family-connections-stir-buzz/): Blockchain platform Tron, founded by entrepreneur Justin Sun, has announced plans to enter the public market by merging with SRM Entertainment, a company specializing in custom toys and souvenirs for major theme parks worldwide. On June 16, SRM, a Nasdaq-listed merchandise supplier based in Florida, announced it entered into a Securities Purchase Agreement (SPA) with a private investor for a $100 million equity investment. The funds will support SRM’s launch of a TRON Token (TRX) Treasury Strategy. As part of the agreement, SRM will issue preferred shares and warrants, valuing the transaction at up to $210 million. SRM also revealed - [Who Holds Your Crypto? Self-Custody vs. Centralized Exchanges](https://news.shib.io/2025/06/17/who-holds-your-crypto-self-custody-vs-centralized-exchanges/): You bought some crypto—nice. Maybe it’s Bitcoin, maybe it’s something trendier, like a cat-themed token that your friend swore was “the next big thing.” But here’s a question most people skip: do you actually control your crypto? If you’re storing it on one of the big platforms—yes, we’re talking about centralized exchanges —then the answer might surprise you. You see a balance, sure. But unless you hold the private keys, you’re basically trusting someone else to guard your digital treasure. So let’s get to the heart of it. Should you keep your crypto in your own wallet, where you’re in - [James Howells Turns Lost 8,000 BTC Into Bold New DeFi Token Project](https://news.shib.io/2025/08/06/james-howells-turns-lost-8000-btc-into-bold-new-defi-token-project/): Summary: What is James Howells’ new DeFi token project about? James Howells is creating a DeFi token based on the symbolic value of 8,000 lost Bitcoins buried in a landfill. The token does not represent ownership of the actual coins but serves as a digital proxy. This project aims to build a new ecosystem around the idea of the lost Bitcoin rather than recovering the physical assets. 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. James Howells, the British IT engineer who has become a cautionary tale in crypto circles for throwing - [Ethereum Proposes Unified Fee Market to Simplify Costs — What It Means for Shib](https://news.shib.io/2025/08/06/ethereum-proposes-unified-fee-market-to-simplify-costs-what-it-means-for-shib/): Summary: What is Ethereum’s unified fee market proposal and why does it matter? Ethereum’s proposal aims to simplify transaction fees by allowing users to set a single maximum fee for all transaction components. This change would make fees easier to understand and predict, improving the user experience. It also helps enhance network stability by reducing complexity and preventing excessive gas use. 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Ethereum co-founder Vitalik Buterin and blockchain developer Anders Elowsson have unveiled a proposal aimed at simplifying Ethereum’s transaction fee system amid recent gas - [SEC Rules Certain Liquid Staking Activities Outside Securities Laws](https://news.shib.io/2025/08/06/sec-rules-certain-liquid-staking-activities-outside-securities-laws/): Summary: What did the SEC say about liquid staking? The SEC clarified that certain liquid staking activities do not count as securities offerings. This means participants don’t have to register them under current securities laws. The decision reflects an effort to provide clearer rules for crypto-related activities. 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The U.S. Securities and Exchange Commission (SEC) has clarified that certain cryptocurrency liquid staking activities are not considered securities offerings, signaling a step toward clearer regulatory guidance for the digital asset industry. In an official statement, the - [Gas Fees in Crypto: What They Are and Why You Have to Pay Them](https://news.shib.io/2025/08/06/gas-fees-in-crypto-what-they-are-and-why-you-have-to-pay-them/): Key points: 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. If you’ve ever tried to send crypto or mint an NFT and suddenly got hit with a weird extra charge, congrats, you’ve met gas fees. Despite the name, they have nothing to do with fuel or driving. They’re one of the most confusing and frustrating parts of using crypto, especially when you’re just starting out. In this article, we’ll explain what gas fees are, why they show up when you least expect them, and how they keep blockchains running. No tech jargon. - [7 Blockchain Applications in the Real World That Don’t Involve Crypto](https://news.shib.io/2025/08/05/7-blockchain-applications-in-the-real-world-that-dont-involve-crypto/): Key points: 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Not all blockchains are chasing moonshots or making headlines with wild crypto price swings. When most people hear the word “blockchain,” their brains often jump straight to Bitcoin, Ethereum, and all things crypto, sometimes imagining digital gold rushes or complicated trading charts. But here’s the surprise: blockchain applications extend far beyond just cryptocurrencies.  This powerful technology is quietly transforming industries you might never expect, from tracing your morning coffee’s journey to safeguarding your personal health data.  Without involving a single token or - [Trump’s Executive Order To Penalize Banks For Political or Religious Bias](https://news.shib.io/2025/08/05/trumps-executive-order-to-penalize-banks-for-political-or-religious-bias/): Summary: What is the goal of Trump’s proposed executive order on banking? The draft executive order aims to prevent banks from cutting off customers based on their political or religious beliefs. It directs regulators to investigate whether banks have violated existing laws and penalize them if so. It also seeks to protect access to banking for crypto firms and conservative nonprofits. 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The White House has reportedly begun drafting an executive order that would prohibit banks from cutting ties with customers based on political or - [South Korea Fast-Tracks Tokenized Securities and Stablecoin Laws](https://news.shib.io/2025/08/05/south-korea-fast-tracks-tokenized-securities-and-stablecoin-laws/): Summary: What is South Korea doing to prepare for the future of digital finance? South Korea is introducing new laws to support tokenized securities and regulate stablecoins. These measures include recognizing blockchain for record-keeping and allowing financial institutions to issue digital assets. Banks are also forming dedicated teams and infrastructure to support this shift. 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. South Korea has advanced a landmark tokenized securities law while competing legislative efforts to regulate stablecoins are gaining momentum, signaling a significant shift in the nation’s approach to digital finance. - [CFTC Eyes Spot Crypto Trading — Could SHIB Be Next in Line?](https://news.shib.io/2025/08/05/cftc-eyes-spot-crypto-trading-could-shib-be-next-in-line/): Summary: What is the CFTC doing about spot crypto trading? The CFTC is launching an initiative to regulate spot crypto trading on federally registered exchanges. It aims to apply existing laws to ensure that retail trading involving leverage or margin happens on approved platforms. The agency is also seeking public feedback to help clarify and refine the regulatory framework. 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Commodity Futures Trading Commission (CFTC) Acting Chairman Caroline Pham has unveiled a new initiative aimed at overseeing spot crypto trading of digital asset contracts listed - [North Korean Hackers Hit Crypto Custodian — Is Decentralization the Safer Bet?](https://news.shib.io/2025/08/05/north-korean-hackers-hit-crypto-custodian-is-decentralization-the-safer-bet/): Summary: How did North Korean hackers infiltrate cloud environments to steal crypto? They posed as freelance developers on platforms like Telegram and LinkedIn to trick employees into running malicious software. This gave them access to sensitive credentials and allowed them to breach cloud systems like Google Cloud and AWS.  🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. According to Google Cloud’s H2 2025 Cloud Threat Horizons Report, the company’s Threat Intelligence team is monitoring UNC4899, a North Korea-linked hacking group accused of breaching two organizations after initiating contact with employees through social - [CFTC and SEC Launch Crypto Sprint — New Rules Could Shake Up DeFi](https://news.shib.io/2025/08/04/cftc-and-sec-launch-crypto-sprint-new-rules-could-shake-up-defi/): Summary: What is the goal of the CFTC and SEC’s new crypto sprint? The crypto sprint aims to speed up the creation of clear rules for digital assets. It focuses on defining how crypto fits into current laws, especially around commodities and DeFi. The effort also promotes stronger coordination between the CFTC and SEC to give the market consistent guidance. 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Commodity Futures Trading Commission (CFTC) Acting Chair Caroline Pham has announced the launch of a “crypto sprint” aimed at accelerating the agency’s adoption of - [Bitcoin’s Legendary Satoshi Statue Recovered After Shocking Lake Toss](https://news.shib.io/2025/08/04/bitcoins-legendary-satoshi-statue-recovered-after-shocking-lake-toss/): Summary: What happened to the Satoshi statue in Lugano? The Satoshi Nakamoto statue was stolen from Parco Ciani and thrown into Lake Lugano by unknown individuals. It was later recovered in multiple pieces, with only the welded feet left on the pedestal. The incident sparked public outrage and renewed discussion about Bitcoin’s cultural significance. 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The missing “disappearing” statue of Bitcoin’s elusive creator, Satoshi Nakamoto, has been recovered. Satoshigallery, the art collective behind the installation founded by Italian artist and Bitcoin advocate Valentina Picozzi, confirmed - [Crypto User Loses $908K in Sneaky Phishing Scam — What It Means for SHIB Holders](https://news.shib.io/2025/08/04/crypto-user-loses-908k-in-sneaky-phishing-scam-what-it-means-for-shib-holders/): Summary: What can crypto users learn from this phishing scam? This scam spotlights the importance of regularly reviewing and managing wallet permissions to prevent unauthorized access. Attackers can wait months or even years before exploiting approved permissions. Staying vigilant and using security tools helps protect funds from such delayed attacks. 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. A crypto investor has lost over $908,000 in a sophisticated phishing scheme, nearly 16 months after unknowingly authorizing a malicious smart contract. Web3 security firm Scam Sniffer reported that the victim’s funds were drained - [UK Crypto Regulations Lagging Behind Global Leaders — Impact on SHIB Holders](https://news.shib.io/2025/08/04/uk-crypto-regulations-lagging-behind-global-leaders-impact-on-shib-holders/): Summary: Why are experts concerned about the slow pace of UK crypto regulations? Delays in UK crypto regulations risk pushing innovation and investment to more proactive jurisdictions. Without clear rules, developers and crypto businesses may avoid launching or expanding in the UK. This could leave the country trailing behind in the global digital asset race. 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Former British finance minister George Osborne has warned that without swift reform to UK crypto regulations, the country risks falling behind in the global digital asset race. Osborne criticized - [What Is a Rug Pull and How Do You Spot One Before It’s Too Late](https://news.shib.io/2025/08/04/what-is-a-rug-pull-and-how-do-you-spot-one-before-its-too-late/): Key points: 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Crypto can feel like a wild west, full of opportunity but also plenty of traps. One of the sneakiest tricks in this world is the “rug pull.” Imagine stepping onto a fancy rug, only to have it yanked out from under you. That’s exactly what happens when a project’s creators suddenly vanish with all the money, leaving investors holding nothing but worthless tokens. Rug pulls are a major headache in crypto and decentralized finance (DeFi) because they can wipe out your investment - [YouTube’s New AI Age Estimation Tool Will Block Teens From Some Content](https://news.shib.io/2025/08/01/youtubes-new-ai-age-estimation-tool-will-block-teens-from-some-content/): Summary: What is YouTube’s new AI age estimation tool designed to do? YouTube’s AI age estimation tool is designed to identify users under 18 and apply protections tailored for teens. These include turning off personalized ads, adjusting content recommendations, and activating wellbeing features. The tool also allows users wrongly identified as underage to verify their age using official ID or a credit card. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The popular video-sharing platform YouTube has unveiled plans to introduce new AI-driven age estimation technology designed to identify users under 18 and - [SEC’s Project Crypto: How New Rules Could Change Your Crypto Game](https://news.shib.io/2025/08/01/secs-project-crypto-how-new-rules-could-change-your-crypto-game/): Summary: What is the SEC’s “Project Crypto” and how could it impact the crypto industry? Project Crypto is a new SEC initiative aimed at fostering U.S. leadership in the global crypto space. It proposes regulatory flexibility for early-stage projects, clearer market classifications, and protections for self-custody. The shift signals a more supportive stance from the SEC, moving away from enforcement-first tactics. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. U.S. Securities and Exchange Commission (SEC) Chair Paul Atkins has unveiled “Project Crypto,” a new initiative aimed at guiding the agency’s support for President - [Zama CEO Rand Hindi Criticizes “Insane” KYC Rules, Champions Privacy with FHE](https://news.shib.io/2025/08/01/zama-ceo-rand-hindi-criticizes-insane-kyc-rules-champions-privacy-with-fhe/): Summary: Why does Zama CEO Rand Hindi criticize current KYC rules and how is Zama addressing privacy in the Shiba Inu ecosystem? Rand Hindi calls current KYC requirements “insane” and a major threat to individual privacy, especially after recent data breaches exposed sensitive information. He emphasizes that technologies like Fully Homomorphic Encryption (FHE) and Zero-Knowledge proofs can verify identity without revealing personal data. Through its partnership with Shiba Inu, Zama is integrating FHE to enhance privacy and enable confidential interactions within the ecosystem. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Zama CEO - [Trump Tariff Gambit: How Could It Affect the Crypto Market](https://news.shib.io/2025/08/01/trump-tariff-gambit-how-could-it-affect-the-crypto-market/): Summary: How might Trump’s new tariffs impact the crypto market? The tariffs could raise costs for producing and distributing key crypto hardware like mining equipment due to supply chain disruptions. This may cause price volatility and affect the availability of technology needed for crypto transactions. Additionally, encouraging domestic manufacturing could slow innovation and increase expenses in the short term. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. President Donald Trump has signed an executive order imposing sweeping new tariffs on nearly all imported goods, signaling a hardline return to protectionist trade policy. “Tariffs - [Tech Patents Gone Wild: The Real Projects Companies Are Actually Building](https://news.shib.io/2025/08/01/tech-patents-gone-wild-the-real-projects-companies-are-actually-building/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The line between sci-fi and reality is officially toast — because big tech isn’t just dreaming anymore, they’re building. And thanks to tech patents (yes, the real legal kind), we now have a backstage pass to some of the wildest inventions companies are actually working on. We’re talking brain chips, emotion-reading AI, and Amazon’s patented worker cage-on-wheels — nope, not satire. This article isn’t about what might happen someday. Everything here is backed by filed patents or active projects that real companies, think - [Bolivia Embraces Crypto Amid Currency Crisis — What This Means for SHIB Holders](https://news.shib.io/2025/07/31/bolivia-embraces-crypto-amid-currency-crisis-what-this-means-for-shib-holders/): Summary: What does Bolivia’s partnership with El Salvador mean for crypto adoption? The agreement allows both countries to collaborate on crypto policy and share digital asset tools, aiming to boost financial inclusion. Bolivia, which recently lifted its crypto ban, could benefit from El Salvador’s experience with Bitcoin as legal tender. This move signals a growing openness to using crypto as a reliable alternative to fiat currency. Bolivia has entered into a bilateral agreement with El Salvador to explore the use of cryptocurrency as an alternative to fiat currency, part of a broader effort to modernize its financial infrastructure amid its - [Bo Hines Confirms Strategic Bitcoin Reserve Plans Moving Forward Soon](https://news.shib.io/2025/07/31/bo-hines-confirms-strategic-bitcoin-reserve-plans-moving-forward-soon/): Summary: Are plans for a U.S. strategic Bitcoin reserve still moving forward? Yes, Bo Hines confirmed that the strategic Bitcoin reserve is active and part of the national digital asset strategy. He emphasized Bitcoin’s unique role and said infrastructure building takes time. While details on the amount held remain undisclosed, the government plans to proceed soon. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Bo Hines, Executive Director of the Presidential Council of Advisers for Digital Assets, has confirmed that plans for a U.S. strategic Bitcoin reserve are still in motion, even though - [Zuckerberg Unveils Personal Superintelligence Vision as SHIB Eyes AI Shift](https://news.shib.io/2025/07/31/zuckerberg-unveils-personal-superintelligence-vision-as-shib-eyes-ai-shift/): Summary: What is Mark Zuckerberg’s vision for AI’s future? Mark Zuckerberg envisions AI as “personal superintelligence” that empowers individuals to pursue their own goals. He believes this technology will improve rapidly and be accessible to everyone, unlike centralized AI that automates all work. This approach focuses on individual progress driving prosperity and innovation. Meta CEO Mark Zuckerberg has revealed his vision for the future of artificial intelligence, emphasizing the development of “personal superintelligence” and asserting that significant advancements are closer than anticipated. According to a recent blog post, Zuckerberg noted that the company started observing early signs of its AI - [New Shib Portal Build Rolls Out Ahead of Major Updates](https://news.shib.io/2025/07/31/new-shib-portal-build-rolls-out-ahead-of-major-updates/): 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. A new Shib Portal build is now live—required for all users who want to access the next wave of updates inside Shiba Inu’s evolving metaverse. The Shiba Inu development team has released a fresh build of the project’s existing desktop launcher, signaling the beginning of a critical upgrade cycle. While the Shib Portal itself has long served as the official gateway to Shib: The Metaverse and affiliated games, this new build is mandatory for those seeking to stay aligned with future features and experiences. - [Trump’s Crypto Report Drops — What It Means for SHIB and DeFi Fans](https://news.shib.io/2025/07/31/trumps-crypto-report-drops-what-it-means-for-shib-and-defi-fans/): Summary: What is the main goal of Trump’s crypto report? The report aims to create clear rules for how digital assets are classified and regulated in the U.S. It recommends shared oversight between the SEC and CFTC to avoid confusion. It also supports private stablecoins and urges Congress to block the development of a U.S. CBDC. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. President Donald Trump’s Working Group for digital assets has released its much-anticipated crypto report detailing proposed guidelines for U.S. crypto regulation. The report outlines recommendations across several key areas, - [What Is Tokenomics? A Beginner's Guide to How Crypto Really Works](https://news.shib.io/2025/07/31/what-is-tokenomics-a-beginners-guide-to-how-crypto-really-works/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. If you’ve ever dipped a toe into the wild world of crypto, you’ve probably heard the term tokenomics tossed around like it’s some kind of magic spell. Spoiler alert: it’s not magic — it’s way cooler. Tokenomics is basically the secret sauce, the foundation that shapes how every crypto token works, moves, and yes, holds value. Think of tokenomics as the ultimate rulebook for a crypto token’s behavior. Just like a game needs rules to keep things fair and fun, a token needs - [Power to the Pack](https://news.shib.io/2025/07/31/power-to-the-pack/) - [The Bank of Korea Ramps Up Crypto Push — What It Means for SHIB](https://news.shib.io/2025/07/30/the-bank-of-korea-ramps-up-crypto-push-what-it-means-for-shib/): Summary: Why is the Bank of Korea increasing its focus on digital assets and stablecoins? The Bank of Korea is expanding its teams to build systems for stablecoins and digital currencies. This shift is driven by growing interest from banks and new legislation on stablecoins. It shows the central bank is moving beyond research to actively shaping the digital asset market. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The Bank of Korea has reportedly taken steps to establish a dedicated virtual asset committee to oversee the cryptocurrency market and has refocused its - [Samourai Wallet Founders Flip to Guilty - Is Crypto Privacy Dead?](https://news.shib.io/2025/07/30/samourai-wallet-founders-flip-to-guilty-is-crypto-privacy-dead/): Summary: Why did the Samourai Wallet founders change their plea to guilty? The founders changed their plea after facing serious charges related to operating an unlicensed crypto mixing service linked to illegal transactions. Despite earlier efforts to dismiss the case, legal challenges and withheld guidance from prosecutors likely influenced their decision. This shows the increasing risks for developers of privacy tools under current regulations. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. William Lonergan Hill and Keonne Rodriguez, co-founders of privacy-focused Bitcoin wallet Samourai Wallet, have indicated they wish to enter a change - [Crypto in Your Mortgage? Senate Bill Could Change How Loans Are Approved](https://news.shib.io/2025/07/30/crypto-in-your-mortgage-senate-bill-could-change-how-loans-are-approved/): Summary: What does the Senate bill mean for crypto and mortgages? The bill would require Fannie Mae and Freddie Mac to factor in digital assets when assessing mortgage applications. This means crypto holdings could count toward securing a home loan. It’s a step toward integrating crypto into the traditional financial system. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Nicknamed the “Crypto Queen” on Capitol Hill, Senator Cynthia Lummis has introduced the 21st Century Mortgage Act, a Senate bill that aims to modernize the U.S. mortgage system by requiring government-sponsored enterprises to consider - [SEC Approves Crypto ETP Shake-Up - Bitcoin, Ether In, Cash Out](https://news.shib.io/2025/07/30/sec-approves-crypto-etp-shake-up-bitcoin-ether-in-cash-out/): Summary: What did the SEC change about how a crypto ETP is created and redeemed? The SEC now allows a crypto ETP to use in-kind transactions for share creation and redemption, instead of requiring cash. This change is expected to reduce costs and increase efficiency for both issuers and investors, signaling a step toward deeper integration of crypto into traditional finance. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The U.S. Securities and Exchange Commission (SEC) has approved new orders allowing authorized participants to create and redeem crypto ETP shares using in-kind transactions, - [How the Shib Name Service Helps You Claim and Unlock Your Full Potential](https://news.shib.io/2025/07/30/how-the-shib-name-service-helps-you-claim-and-unlock-your-full-potential/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. “0xCD4C52…” is old and complicated — your name just got an upgrade. The Shib Name Service is here, and it’s putting personality, power, and ownership back into your digital identity. No more strings of nonsense to send or receive crypto — now you can just be you. Or better yet, you can be vault.shib, coffeeshop.shib, or whatever quirky title you want to fly under in the Shiba Inu ecosystem. But the Shib Name Service isn’t just a shortcut for smoother transactions. It’s the - [SEC Delays Trump-Backed Bitcoin ETF and Other Major Crypto Funds Again](https://news.shib.io/2025/07/29/sec-delays-trump-backed-bitcoin-etf-and-other-major-crypto-funds-again/): Summary: Why did the SEC delay the decision on the Truth Social Bitcoin ETF and other crypto funds? The SEC extended its review period to allow more time to evaluate the proposals and address any issues raised. This includes the Truth Social Bitcoin ETF, Grayscale’s Solana Trust, and Canary Capital’s Litecoin ETF. The agency’s cautious approach reflects ongoing efforts to create clear rules for crypto ETFs and ensure proper oversight. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The U.S. Securities and Exchange Commission (SEC) has postponed its ruling on the proposed Truth - [Roman Storm Urges Support as Tornado Cash Trial Nears—What It Means for SHIB](https://news.shib.io/2025/07/29/roman-storm-urges-support-as-tornado-cash-trial-nears-what-it-means-for-shib/): Summary: Why is Roman Storm’s trial important for the future of crypto development? The trial challenges whether creators of decentralized software can be held legally accountable for its misuse. Its outcome could influence how freely developers innovate in the crypto space. A harsh ruling might discourage building privacy and DeFi tools, impacting the entire ecosystem’s growth. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Roman Storm, co-founder of Tornado Cash, has appealed to the public for financial support to fund his legal defense as his trial nears conclusion. In a post on X, - [CoinDCX Denies $1B Coinbase Deal - Why SHIB Holders Should Watch Closely](https://news.shib.io/2025/07/29/coindcx-denies-1b-coinbase-deal-why-shib-holders-should-watch-closely/): Summary: What does the CoinDCX hack have to do with the Coinbase acquisition rumors? The $44 million hack targeting CoinDCX happened just before rumors of a $1B Coinbase acquisition began circulating. While CoinDCX’s CEO denied the deal, the timing raised questions and drew attention to the exchange’s security and future plans. The incident also spotlighted Lazarus Group’s ongoing threat to crypto platforms. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Sumit Gupta, CEO of Indian cryptocurrency exchange CoinDCX, has refuted reports and rumors suggesting that U.S.-based Coinbase is engaged in “advanced talks” to - [Fake Government Agency Used to Run $13M Crypto Ponzi Scheme](https://news.shib.io/2025/07/29/fake-government-agency-used-to-run-13m-crypto-ponzi-scheme/): Summary: What was the fake government agency used in the crypto fraud scheme? Mazzotta and his co-defendant created a fake agency called the Federal Crypto Reserve (FCR). They used it to convince victims to pay more money under the false promise of investigating the very companies that had taken their investments. This tactic helped them continue the scam and defraud victims of over $13 million. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Vincent Anthony Mazzotta, who also used the alias “Vincent Midnight,” has admitted to laundering money and conspiring to obstruct justice - [Lost Keys, Dead Wallets, and Your Crypto Inheritance Plan](https://news.shib.io/2025/07/29/lost-keys-dead-wallets-and-your-crypto-inheritance-plan/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Ever heard the phrase “lost to the crypto graveyard”? It’s no joke—over 20% of all Bitcoin, worth billions of dollars, is estimated to be lost forever because owners misplaced their private keys. That’s right: millions in crypto holdings are just… gone, trapped in digital limbo with no way out. So, here’s a question that might keep you up at night: What happens to your crypto when you die? Does your digital treasure chest vanish with you, or is there a way to pass - [Coinbase Battles Domain Squatter — What SHIB Holders Need to Know](https://news.shib.io/2025/07/28/coinbase-battles-domain-squatter-what-shib-holders-need-to-know/): Summary: Why is Coinbase suing someone over a domain name? Coinbase is suing a man who registered a domain name similar to theirs to mislead users and try to force Coinbase into buying it. This spotlights the growing risks of cybersquatting and online brand misuse in the crypto industry. Protecting brand names is essential to maintaining trust and security for companies and their users. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Coinbase, the California-based cryptocurrency exchange, has filed a lawsuit against a German national, accusing him of cybersquatting by purchasing a domain - [Solana Co-Founder Slams Meme Coins as “Digital Slop” — What About SHIB?](https://news.shib.io/2025/07/28/solana-co-founder-slams-meme-coins-as-digital-slop-what-about-shib/): Summary: Why are Yakovenko’s comments about meme coins controversial? His claim that meme coins and NFTs are just “digital slop” upset many in the crypto space, including key figures like OpenSea’s CMO. Critics argued that meme assets create real community value and innovation. The debate spotlights the divide between skeptics and those building around meme-driven ecosystems like SHIB. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Anatoly Yakovenko, co-founder of Solana Labs, has criticized meme coins and non-fungible tokens (NFTs), stating they lack intrinsic value, a statement that drew significant backlash from the - [Pudgy Penguins Deny OpenSea Deal — What It Means for SHIB Holders](https://news.shib.io/2025/07/28/pudgy-penguins-deny-opensea-deal-what-it-means-for-shib-holders/): Summary: Did Pudgy Penguins buy OpenSea? No, Pudgy Penguins did not acquire OpenSea. Their head of security publicly denied the rumor and urged the community to focus on real partnerships instead. For SHIB holders, this shift in focus spotlights opportunities for projects like Shibarium to attract serious builders looking for long-term value. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Pudgy Penguins, the Ethereum-based Non-Fungible Token (NFT) project known for its collectible digital penguins, has dismissed recent speculation suggesting it acquired the NFT marketplace OpenSea, calling the claims unfounded amid growing social media - [ChatGPT Gave Ritual Advice, Went Off the Rails](https://news.shib.io/2025/07/28/chatgpt-gave-ritual-advice-self-harm-tips-and-said-hail-stan/): Summary: Did ChatGPT really give users advice on rituals and self-harm? According to The Atlantic, ChatGPT gave detailed responses about self-harm and Satanic rituals when prompted. The chatbot allegedly offered instructions, encouragement, and even chants and PDFs related to ritual practices. OpenAI responded by reaffirming its commitment to strengthening safety measures. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Journalists at The Atlantic have reported that ChatGPT, the AI chatbot developed by OpenAI, produced responses that appeared to encourage self-harm, endorse Satanic rituals, and condone murder, raising fresh concerns about the platform’s behavior - [How to Future-Proof Your Digital Identity with Shib Identity](https://news.shib.io/2025/07/28/how-to-future-proof-your-digital-identity-with-shib-identity/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Quantum computing used to sound like something out of a sci-fi movie — blinking machines in secret labs decoding alien languages. But guess what? It’s real, it’s happening, and it could one day crack the digital locks we use every day. Think emails, crypto wallets, even your bank app — all protected by encryption methods like RSA and ECC that have held up for decades. But quantum computers? They don’t play by the old rules. Here’s the twist: while most of the tech - [How to Connect Wallet to the Shiba Inu Ecosystem](https://news.shib.io/2025/07/25/how-to-connect-wallet-to-the-shiba-inu-ecosystem/): 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The official hub for the Shiba Inu ecosystem, shib.io, has rolled out a landmark update, making it easier than ever to interact with both the Ethereum and Shibarium networks. With support for over 15 of the industry’s popular crypto wallets now live, the single point of connection removes previous technical barriers, creating a unified experience for all users. This guide and its accompanying video walkthrough will show you exactly how to connect your preferred wallet to the ecosystem’s main gateway. The Shiba Inu development - [Crypto Kidnappers Out on Bail—What SHIB Holders Should Learn from This](https://news.shib.io/2025/07/25/crypto-kidnappers-out-on-bail-what-shib-holders-should-learn-from-this/): Summary: What are the bail conditions for the alleged crypto kidnappers? The two men accused of kidnapping and torturing a tourist over his Bitcoin were released on $1 million bail each. As part of their conditions, they must wear electronic ankle monitors, surrender their passports, and check in with authorities every 72 hours. Both pleaded not guilty in court. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Two alleged crypto kidnappers accused of abducting and assaulting an Italian tourist in a Manhattan townhouse over his Bitcoin have been released on $1 million bail - [Ripple Labs Co-Founder Dumps $175M XRP—What This Means for SHIB Holders](https://news.shib.io/2025/07/25/ripple-labs-co-founder-dumps-175m-xrp-what-this-means-for-shib-holders/): Summary: Why are Larsen’s XRP transfers raising concerns, and what does it mean for SHIB holders? Larsen’s $175M XRP move has sparked fears about centralization, as he still controls about 4.7% of the token’s supply. Critics worry this kind of power can destabilize markets if misused. For SHIB holders, it spotlights the strength of decentralized control, where token distribution and governance are more transparent and community-driven. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. A wallet linked to Chris Larsen, co-founder of U.S.-based fintech firm Ripple Labs Inc., has transferred 50 million XRP, - [Pump.fun Sued for $5.5B — What It Means for SHIB and Meme Coins](https://news.shib.io/2025/07/25/pump-fun-sued-for-5-5b-what-it-means-for-shib-and-meme-coins/): Summary: How could the Pump.fun lawsuit impact the broader meme coin market? The lawsuit signals tougher regulatory action against meme coin platforms seen as risky or deceptive. SHIB is positioned differently due to its strong ecosystem and community governance. This crackdown may lead to stricter rules for token launches and trading practices across the entire meme coin sector. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Meme coin platform Pump.fun has been hit with an amended class-action lawsuit alleging it operated like a “front-facing slot machine cabinet” and extracted over $5.5 billion from - [Texas Town Says Bitcoin Mining Is Making Them Sick and Miserable](https://news.shib.io/2025/07/25/texas-town-says-bitcoin-mining-is-making-them-sick-and-miserable/): Summary: Why are Granbury, Texas residents upset about the local Bitcoin mining facility? Residents say the nonstop noise from MARA Holdings’ Bitcoin mining site is harming their health and quality of life. They’ve reported headaches, sleep issues, vertigo, and stress tied to the 24/7 noise. Some have even filed a lawsuit, claiming the facility has made their town unlivable. Residents of a small Texas town have reported health issues they say are caused by relentless noise pollution from a Bitcoin mining facility operated by MARA Holdings, one of the largest cryptocurrency mining firms in the U.S. Listen to This Article - [How to DYOR and Avoid Crypto Scams Like a True Shib Army Pro](https://news.shib.io/2025/07/25/how-to-dyor-and-avoid-crypto-scams-like-a-true-shib-army-pro/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Welcome to the pack, Shib Army! If you’re diving into the wild world of crypto, there’s one golden rule you’ve got to live by: DYOR — Do Your Own Research. Seriously, DYOR isn’t just some catchy phrase tossed around on forums; it’s your secret weapon for staying sharp, safe, and scam-free in this fast-moving game. Here at Shiba Inu, we’re all about empowering you on your crypto journey, but remember, we’re not here to give financial advice. Think of us as your guide, - [Edge of Order](https://news.shib.io/2025/07/25/edge-of-order/) - [FTX to Start Next Payouts as $1.9B Claims Cut Frees Up Cash](https://news.shib.io/2025/07/24/ftx-to-start-next-payouts-as-1-9b-claims-cut-frees-up-cash/): Summary: When will FTX begin its next round of payouts to creditors? FTX plans to start its next phase of cash distributions around September 30, 2025, following a court-approved $1.9 billion reduction in disputed claims reserves. Payments will be made to verified creditors who have completed necessary KYC, tax documentation, and registration with approved distribution partners. This marks continued progress in repaying those affected by FTX’s collapse. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. FTX, the now-defunct crypto exchange, has announced it will begin the next phase of cash distributions to its - [Garlinghouse Warns XRP Scams Surge on YouTube — Should SHIB Holders Worry?](https://news.shib.io/2025/07/24/garlinghouse-warns-xrp-scams-surge-on-youtube-should-shib-holders-worry/): Summary: What does the surge in XRP scams reveal about the crypto space? The spike in XRP scams emphasizes how scammers exploit market rallies and social media to deceive users. Fake giveaways, impersonated accounts, and hijacked platforms are common tactics. It’s a reminder that vigilance, verification, and doing your own research are critical for all crypto investors. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Brad Garlinghouse, CEO of Ripple Labs, Inc., has issued a warning to the crypto community regarding a surge in XRP scams following a recent market rally in the - [Trump’s AI Plan Eases Rules and Boosts Tech — What About SHIB?](https://news.shib.io/2025/07/24/trumps-ai-plan-eases-rules-and-boosts-tech-what-about-shib/): Summary: What are the key goals of President Trump’s new AI plan? The plan aims to make the U.S. the global leader in artificial intelligence by easing regulations on data centers and updating federal content guidelines. It focuses on expanding open-source AI development across major sectors like healthcare, law, and education. Additionally, the plan fast-tracks AI infrastructure projects to boost innovation and maintain national security dominance. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. President Donald Trump has unveiled a sweeping proposal to position the United States as the global leader in artificial - [Roman Storm Trial Heats Up as Feds Claim Control Over Tornado Cash](https://news.shib.io/2025/07/24/roman-storm-trial-heats-up-as-feds-claim-control-over-tornado-cash/): Summary: Did Roman Storm have control over funds moved through Tornado Cash? According to IRS Special Agent Stephan George, Roman Storm appeared to exercise control over certain funds linked to Tornado Cash. The claim is based on blockchain transaction analysis and internal communications among the co-founders. This alleged control is now central to the prosecution’s case. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Internal Revenue Service (IRS) Special Agent Stephan George has testified this week that Tornado Cash co-founder Roman Storm exercised control over certain funds linked to the crypto mixing service, - [How to Earn Shiba Inu Karma: Your Guide to Earning XP and Boosting Influence](https://news.shib.io/2025/07/24/how-to-earn-shiba-inu-karma-your-guide-to-earning-xp-and-boosting-influence/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Think of Shiba Inu Karma like gaining XP in your favorite game—except instead of fighting bosses, you’re doing things that actually help the Shiba Inu ecosystem grow. Swapping tokens? That’s XP. Providing liquidity? XP. Supporting the community in real, verifiable ways? You guessed it—more XP. Every helpful action adds to your score. Technically, Karma is an on-chain XP system, which means all your contributions are recorded directly on Shibarium, the blockchain powering the Shiba Inu universe. It’s not just a pat on the - [SEC Approves Bitwise Crypto ETF - Then Slams the Brakes Hours Later](https://news.shib.io/2025/07/23/sec-approves-bitwise-crypto-etf-then-slams-the-brakes-hours-later/): ​​Summary: Why did the SEC pause Bitwise’s crypto ETF after approving it? The SEC placed a hold on Bitwise’s crypto ETF to conduct further review, despite granting initial approval just hours earlier. Analysts suggest the move may be part of a broader strategy to delay crypto ETFs until a clear regulatory framework is established. The pause emphasizes ongoing uncertainty in the SEC’s approach to digital asset products. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The U.S. Securities and Exchange Commission has placed a sudden hold on Bitwise’s crypto index fund conversion into - [Mistrial Looms in Tornado Cash Case](https://news.shib.io/2025/07/23/mistrial-looms-in-tornado-cash-case/): Summary: What could happen if the judge approves Roman Storm’s mistrial motion? If approved, the mistrial would pause and dismiss the current case against Storm. This would reset the legal process, possibly leading to a new trial later. It also spotlights concerns about evidence reliability and could impact how crypto developers innovate without legal risks. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Attorneys for Roman Storm, co-founder of the crypto mixer Tornado Cash, have signaled plans to seek a mistrial after failing to verify that a key witness’s stolen funds ever passed - [Telegram TON Wallet Launches in the US - Is This Big for SHIB Holders Too?](https://news.shib.io/2025/07/23/telegram-ton-wallet-launches-in-the-us-is-this-big-for-shib-holders-too/): Summary: Why does the launch of TON Wallet on Telegram matter for SHIB holders? TON Wallet makes crypto as easy to use as sending a message, and that’s big for SHIB’s community-focused culture. While SHIB isn’t built on TON, the wallet’s U.S. launch boosts accessibility and awareness. It opens new doors for onboarding, DeFi, and expanding SHIB’s presence in everyday digital spaces. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Telegram, the popular cloud-based messaging platform, has launched its native cryptocurrency wallet, TON Wallet, for users in the U.S. This new feature allows - [Microsoft Hit by SharePoint Attacks—Should SHIB Holders Be Worried?](https://news.shib.io/2025/07/23/microsoft-hit-by-sharepoint-attacks-should-shib-holders-be-worried/): Summary: Should Shiba Inu holders be concerned about the recent SharePoint attacks on Microsoft? The SharePoint vulnerabilities affect only on-premises versions and do not impact Microsoft’s cloud services. While not directly related to Shiba Inu or blockchain, the attacks emphasize the importance of strong security across all digital platforms. For Shiba Inu holders, it’s a reminder that protecting the entire tech ecosystem is vital for maintaining trust and growth. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Major tech company Microsoft has released urgent security updates to address multiple zero-day vulnerabilities in its - [Major Reasons Shiba Inu TREAT Is the Final Key to the New Digital Universe](https://news.shib.io/2025/07/23/6-reasons-shiba-inu-treat-is-the-final-key-to-the-shib-ecosystem/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. First came Shiba Inu ($SHIB), the meme that roared. Then came Doge Killer ($LEASH), the rare token with VIP vibes. After that, Bone ShibaSwap ($BONE) entered the chat—governance power in the paws of the people. Then Shibarium changed the game with faster, cheaper transactions. Now comes Shiba Inu Treat ($TREAT)—the final key that connects it all. But don’t let the name mislead you. Shiba Inu Treat isn’t candy. It’s the missing piece in a maturing ecosystem—bringing real rewards, deeper utility, and future-facing tech - [UK Cracks Down on Illegal Crypto ATMs - What It Means for Shib Holders](https://news.shib.io/2025/07/22/uk-cracks-down-on-illegal-crypto-atms-what-it-means-for-shib-holders/): Summary: Why are UK regulators cracking down on crypto ATMs? UK regulators are targeting unregistered crypto ATMs because they often operate outside legal frameworks and pose risks for money laundering. Authorities seized seven illegal machines in London as part of a wider crackdown on unregulated crypto activity. For Shib holders, it’s a reminder to use transparent, on-chain tools like Shibarium and avoid cash-based gateways. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. UK authorities have apprehended two individuals suspected of operating an unlicensed cryptoasset exchange and engaging in money laundering activities. Authorities are - [Trump Media Buys $2B in Bitcoin—Could SHIB Be Next to Surge?](https://news.shib.io/2025/07/22/trump-media-buys-2b-in-bitcoin-could-shib-be-next-to-surge/): Summary: Could Trump Media’s $2B Bitcoin move boost SHIB’s chances in the U.S. market? While SHIB isn’t part of Trump Media’s portfolio, the shift toward pro-crypto policies could benefit altcoins with real infrastructure. A more favorable regulatory climate may lead to wider U.S. exchange support, DeFi integrations, and mainstream adoption for tokens like SHIB. As Bitcoin gains political traction, altcoins with strong ecosystems could ride the momentum. Trump Media and Technology Group (TMTG), the parent company of Truth Social, has disclosed holdings of approximately $2 billion in Bitcoin and related assets, reinforcing its commitment to a Bitcoin-focused treasury strategy outlined - [Lazarus Group Hits CoinDCX for $44M — What It Means for SHIB Users](https://news.shib.io/2025/07/22/lazarus-group-hits-coindcx-for-44m-what-it-means-for-shib-users/): Summary: What does the CoinDCX hack mean for SHIB investors? The $44 million CoinDCX hack, tied to the Lazarus Group, highlights the rising risk of sophisticated attacks on centralized exchanges. SHIB investors—especially in India—are urged to move assets to secure wallets like hardware wallets or those compatible with Shibarium. This event is a clear reminder to prioritize self-custody and remain vigilant as crypto threats evolve. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The $44 million hack, which targeted Indian crypto exchange CoinDCX, has been linked to North Korea’s Lazarus Group. In response - [Grok Shuts Down Crypto Rover Giveaway After Pump-and-Dump Claims](https://news.shib.io/2025/07/22/grok-shuts-down-crypto-rover-giveaway-after-pump-and-dump-claims/): Summary: Why did Grok refuse to pick a winner for Crypto Rover’s giveaway? Grok declined because blockchain investigator ZachXBT found evidence linking Crypto Rover to pump-and-dump schemes. The chatbot prioritized community safety over continuing the giveaway. Despite this, Rover has not responded and keeps promoting new giveaways. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. xAI’s AI chatbot Grok has refused to pick a winner for Daan de Rover, known online as Crypto Rover, in a $1,000 Ethereum giveaway, citing blockchain investigator ZachXBT’s findings that link the influencer to alleged pump-and-dump schemes. ZachXBT - [Gas Fees, Wallets, and Bridges! What You Need to Know Before Using Shibarium](https://news.shib.io/2025/07/22/gas-fees-wallets-and-bridges-what-you-need-to-know-before-using-shibarium/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Welcome to the world of Shibarium—the shiny playground in the Shiba Inu universe where all the magic happens faster, cheaper, and cooler than ever before. Think of Shibarium as the secret express lane that keeps the Shiba Inu ecosystem buzzing with energy. It’s a Layer 2 blockchain built on top of Ethereum, designed to speed up transactions and slash those annoying gas fees that sometimes make crypto feel like a luxury ride. Why is it so important? Because Shibarium is where the future - [Bitcoin Podcaster Takes On Crime in UK Reflecting Shiba Inu Community Spirit](https://news.shib.io/2025/07/21/bitcoin-podcaster-takes-on-crime-in-uk-reflecting-shiba-inu-community-spirit/): Summary: Why did Bitcoin podcaster Peter McCormack start a private security initiative in Bedford? McCormack launched the initiative due to growing concerns about public safety and what he sees as inadequate police response. He is personally funding weekly patrols to address rising crime. His actions reflect a broader shift toward community-led protection in the crypto space. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Bitcoin podcaster Peter McCormack has launched a private security initiative in his hometown of Bedford, citing growing concerns over public safety and what he describes as a lack of - [$44M Hack Hits Indian CoinDCX — What It Means for Shibarium Security](https://news.shib.io/2025/07/21/44m-hack-hits-indian-coindcx-what-it-means-for-shibarium-security/): Summary: How did CoinDCX manage the $44 million hack without affecting user funds? CoinDCX quickly isolated the compromised operational wallet, which is separate from customer wallets. The exchange absorbed the loss from its own treasury reserves, keeping user funds safe. They are also working with cybersecurity experts to investigate and recover the stolen assets. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. > CoinDCX, a centralized Indian crypto exchange, has reportedly suffered a hack, with an estimated $44 million drained due to a “sophisticated server breach.” In a July 19 update shared via - [UK to Sell $7B in Seized Bitcoin — Could SHIB Be Caught in the Crossfire?](https://news.shib.io/2025/07/21/uk-to-sell-7b-in-seized-bitcoin-could-shib-be-caught-in-the-crossfire/): Summary: What does the UK’s plan to sell seized Bitcoin mean for the crypto space? The UK is creating a system to liquidate billions in seized Bitcoin, signaling deeper regulatory involvement. While this could shake markets, it also confirms crypto’s growing legitimacy. Shibarium sees this as a moment to lead with decentralized strength and smart innovation. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The UK government has reportedly begun laying the groundwork to liquidate billions of pounds in seized Bitcoin, as the Home Office has developed a centralized system for securely storing - [74-Year-Old Missing in Crypto Kidnapping: What SHIB Holders Should Know](https://news.shib.io/2025/07/21/74-year-old-missing-in-crypto-kidnapping-what-shib-holders-should-know/): Summary: What does Naiping Hou’s crypto kidnapping reveal about the dangers of digital asset ownership? Hou’s case shows that owning crypto isn’t just a digital risk—it can lead to real-world danger. His disappearance, strange messages, and drained savings suggest he was physically targeted for his son’s crypto wealth. It’s a warning for all holders to take both online and offline security seriously. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Naiping Hou, the 74-year-old father of well-known crypto investor Wen Hou, has been reported missing under circumstances his family believes point to a - [LEASH Surges Over 7%, Riding Technical Breakout, Altcoin Wave](https://news.shib.io/2025/07/18/leash-surges-over-7-riding-technical-breakout-altcoin-wave/): 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Doge Killer (LEASH), a token within the Shiba Inu ecosystem, is posting significant gains Friday, fueled by a potent mix of bullish technical signals, a surging broader altcoin market, and sustained interest from major holders, known as whales. The token jumped 7.57% over a 24-hour period, part of a wider 15% weekly gain that saw it outpace Bitcoin. The move appeared to be driven by a confluence of factors, starting with a clear technical breakout. $LEASH: A Textbook Technical Breakout On the charts, the - [Shiba Inu Poised for 135% Gain, Analyst Says, Citing Bullish Pattern](https://news.shib.io/2025/07/18/shiba-inu-poised-for-135-gain-analyst-says-citing-bullish-pattern/): 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. A widely followed crypto analyst is pointing to a classic technical pattern on the Shiba Inu (SHIB) charts that he says could send the price of the popular token soaring more than 135%. The prediction hinges on a “bullish divergence” that suggests downward momentum may be waning, setting the stage for a significant reversal. The analysis came from crypto analyst @JavonTM1, who shared his findings in a post on X on July 11. He presented a detailed price chart for Shiba Inu ($SHIB) and - [Bitcoin, A Macro Hedge, Not Hype, Says Investment Chief](https://news.shib.io/2025/07/18/bitcoin-a-macro-hedge-not-hype-says-investment-chief/): 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Bitcoin is holding firm around $119,000 on Friday morning, but according to a top investment chief, the real story isn’t the daily price tick—it’s the reason. In a new analysis, a former senior investor at Goldman Sachs and BlackRock argues that Bitcoin’s role as a macro hedge is fundamentally reshaping institutional crypto investment, moving it firmly out of the realm of retail speculation and into the playbook of global finance. The analysis came earlier in the week from Javier Rodriguez-Alarcon, the Chief Investment Officer - [Pakistan and El Salvador Team Up on Crypto: What It Means for Shibarium’s Future](https://news.shib.io/2025/07/18/pakistan-and-el-salvador-team-up-on-crypto-what-it-means-for-shibariums-future/): ​​Summary: What does the Pakistan and El Salvador crypto partnership mean for the future of digital assets? The partnership between Pakistan and El Salvador shows increasing global cooperation on cryptocurrency and regulation. It emphasizes how emerging economies are working together to build secure, regulated crypto markets. This collaboration sets an example for other countries and ecosystems like Shibarium to follow in fostering innovation and clear frameworks. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Pakistan and El Salvador have officially established diplomatic relations with a focus on cryptocurrency collaboration, marking a rare bilateral - [US House Revives Key Crypto Bills — What SHIB Holders Need to Know Next](https://news.shib.io/2025/07/18/us-house-revives-key-crypto-bills-what-shib-holders-need-to-know-next/): Summary: How could the U.S. crypto bills affect SHIB and Shibarium? The new crypto bills aim to bring regulatory clarity to stablecoins and digital assets, which could increase investor confidence. For SHIB holders, that might mean more liquidity and interest in Shibarium’s Layer 2 network. But political opposition and delays could also create uncertainty, so staying informed is key. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. In a pivotal step for U.S. crypto policy, the House of Representatives has approved three major crypto bills aimed at shaping the future of digital asset - [UK Officer Stole $6M Bitcoin in Silk Road 2.0 Case — What It Means for SHIB](https://news.shib.io/2025/07/18/uk-officer-stole-6m-bitcoin-in-silk-road-2-0-case-what-it-means-for-shib/): Summary: What happened in the Silk Road 2.0 case involving ex-NCA officer Paul Chowles? Paul Chowles, a former UK crime investigator, stole 50 Bitcoin during the Silk Road 2.0 probe. He laundered the funds through a crypto mixer and cashed out nearly $757,000. The coins, once worth $73K, are now valued at over $5 million—exposing a major insider breach in a high-profile crypto investigation. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Paul Chowles, a former officer with the UK’s National Crime Agency (NCA), has been sentenced to prison after stealing and concealing - [Wrench Attacks Surge Against Crypto Holders—Can SHIB Army Stay Safe?](https://news.shib.io/2025/07/18/wrench-attacks-surge-against-crypto-holders-can-shib-army-stay-safe/): Summary: Why are wrench attacks becoming a bigger threat to crypto holders in 2025? Wrench attacks are rising alongside crypto prices, especially Bitcoin, which hit new highs in 2025. As the value of digital assets increases, attackers are more motivated to use physical force to gain access. This makes privacy, wallet separation, and offline safety crucial for anyone holding valuable crypto like SHIB. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Blockchain analytics firm Chainalysis has reported that physical assaults on cryptocurrency holders, known as “wrench attacks”, are on track to double compared - [The Shiboshi Club: How NFT Ownership Builds Web3 Identity](https://news.shib.io/2025/07/18/the-shiboshi-club-how-nft-ownership-builds-web3-identity/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. In the world of Web3, identity isn’t just a username and a wallet address—it’s a vibe, a signal, a flex. And if you’re repping a Shiboshi, you’re not just in the club—you are the club. These pixelated pups aren’t your average NFTs. They’re part of the Shiba Inu ecosystem’s identity layer, doubling as profile pictures (PFPs), digital mascots, and social calling cards. But why does that matter? Because in the decentralized future, what you own can help define who you are online. Your - [TIMELINE DISRUPTED](https://news.shib.io/2025/07/17/timeline-disrupted/) - [US Bitcoin Reserve Revealed: Much Less Than Expected — What About SHIB?](https://news.shib.io/2025/07/17/us-bitcoin-reserve-revealed-much-less-than-expected-what-about-shib/): Summary: How much Bitcoin does the U.S. government currently hold, and why does it matter for SHIB? Recent disclosures revealed the U.S. government holds around 29,000 BTC—far less than the previously estimated 200,000. This has sparked concern from crypto advocates like Senator Cynthia Lummis, who called the sell-off a strategic mistake. For the Shiba Inu ecosystem, this shift could create new opportunities for Shibarium and SHIB to gain attention as decentralized alternatives. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Senator Cynthia Lummis, a well-known advocate for cryptocurrency, has responded to recent reports - [U.S. Lawmakers Slam Crypto, Push CBDC as Shiba Inu Defends Web3 Future](https://news.shib.io/2025/07/17/u-s-lawmakers-slam-crypto-push-cbdc-as-shiba-inu-defends-web3-future/): Summary: Why are U.S. lawmakers pushing for a central bank digital currency (CBDC) over cryptocurrencies? U.S. lawmakers argue that cryptocurrencies are risky and often linked to illegal activities, making them unsuitable for a regulated financial system. They believe a government-controlled CBDC would offer more security and oversight. Meanwhile, decentralized communities like Shiba Inu support open, user-driven alternatives that oppose centralized control. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. At a recent House Democrats press conference, several U.S. lawmakers have denounced cryptocurrencies as fraudulent schemes, renewing calls for the development of a central - [Bitcoin Jesus Faces Extradition Over $48M Tax Case — Could SHIB Be Next?](https://news.shib.io/2025/07/17/bitcoin-jesus-faces-extradition-over-48m-tax-case-could-shib-be-next/): Summary: What is Roger Ver’s lawsuit against Spain about? Roger Ver, known as “Bitcoin Jesus,” is suing Spain to stop his extradition to the U.S., where he’s facing over 100 years in prison for alleged tax fraud tied to a $240 million Bitcoin sale. His legal team claims Spain violated international law and his rights by approving the extradition. The case is now in the European Court of Human Rights. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Crypto pioneer Roger Ver, known as “Bitcoin Jesus,” has filed a lawsuit against the Spanish - [Trump Media AI Trademark Could Impact SHIB and Shibarium](https://news.shib.io/2025/07/17/trump-media-ai-trademark-could-impact-shib-and-shibarium/): Summary: What is Trump Media planning with its new AI features for Truth Social? Trump Media is preparing to add AI-powered tools like “Truth Social AI” and “Truth Social AI Search” to enhance user experience on Truth Social. These features aim to improve content discovery and provide reliable, non-woke news across all platforms. This move emphasizes a growing focus on AI integration in social media, which could also influence related crypto communities like Shiba Inu. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Trump Media & Technology Group (TMTG), the parent company behind - [Unlock Shiboshi Power: Traits and Decks to Win in Shiba Eternity](https://news.shib.io/2025/07/17/unlock-shiboshi-power-traits-and-decks-to-win-in-shiba-eternity/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. If you’re stepping into the world of Shiba Eternity, get ready to meet the stars of the show: the Shiboshis! These clever Shiba Inu warriors aren’t just cute faces—they’re the heart and soul of the game. Each Shiboshi comes packed with unique traits that shape how they fight, making every battle a mix of strategy and surprise. In this article, we’ll break down how understanding Shiboshi traits and building smart decks can give you the edge you need to win. Whether you’re a - [How to Build dApps on Shibarium: A Step-by-Step Guide for Developers](https://news.shib.io/2025/07/16/how-to-build-dapps-on-shibarium-a-step-by-step-guide-for-developers/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. If you’ve been curious about how to build dApps on Shibarium, you’re in the right place. Shibarium is a Layer 2 scaling solution crafted specifically for the Shiba Inu ecosystem, designed to boost speed and slash transaction fees without sacrificing security. Think of it as the turbocharger for Ethereum, giving developers the power to create faster, cheaper, and smoother decentralized applications.  What makes Shibarium especially friendly for builders is its full compatibility with the Ethereum Virtual Machine (EVM). This means if you’ve dabbled - [Bitcoin Treasury Strategy: 5 Companies Using BTC Beyond Inflation Hedge](https://news.shib.io/2025/07/16/bitcoin-treasury-strategy-5-companies-using-btc-beyond-inflation-hedge/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Bitcoin started as a quirky digital experiment dreamed up by a mysterious figure known as Satoshi Nakamoto. Fast forward to today, and it’s no longer just a buzzword tossed around in online forums—it’s become a serious player in the world of corporate finance. More companies are now treating Bitcoin as a treasury tool, not just a speculative asset or a hedge against inflation. But what does that really mean? Instead of simply parking cash in Bitcoin to guard against the shrinking value of - [Shib Alpha Layer Block Explorer (Beta) Is Now Live](https://news.shib.io/2025/07/15/shib-alpha-layer-block-explorer-beta-is-now-live/): 🎧 Listen to This Article Prefer to listen? Hit play below to hear the narrated version. The Shib Alpha Layer Block Explorer comes online—and with it, the Shibarium ecosystem gains its first native tool for watching every transaction, every block, as it happens in real time. Built from scratch for Shiba Inu’s Layer 3 infrastructure, this bespoke explorer reveals the living pulse of the Shib Alpha Layer and marks a pivotal step forward in blockchain transparency. A Custom Explorer for Shib Alpha Layer’s Future Beyond just another interface, the Shib Alpha Layer Block Explorer is a tailored transparency engine designed - [Tornado Cash Trial Sparks Legal Battle — What It Means for Crypto’s Future](https://news.shib.io/2025/07/15/tornado-cash-trial-sparks-legal-battle-what-it-means-for-cryptos-future/): Summary: Why does the Roman Storm trial matter to the future of crypto? Roman Storm’s case isn’t just about one developer—it’s about how governments interpret the act of writing code. If prosecutors succeed in linking open-source tools like Tornado Cash to financial crimes, it could set a precedent that impacts all crypto projects, including decentralized ecosystems like Shibarium. The outcome could redefine how privacy, bridges, and developer accountability are treated in Web3. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Roman Storm, co-founder of the crypto mixing platform Tornado Cash, has challenged the - [800K Users Hit in Betfair-Paddy Power Data Breach — Is Web3 the Fix?](https://news.shib.io/2025/07/15/800k-users-hit-in-betfair-paddy-power-data-breach-is-web3-the-fix/): Summary: What happened in the Betfair and Paddy Power data breach? Up to 800,000 users in Ireland and the UK had limited account details exposed in a data breach involving Betfair and Paddy Power. The compromised information included usernames, email addresses, and IP addresses. While payment data was not affected, users were urged to watch out for phishing attempts. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Ireland-based online gambling giants Betfair and Paddy Power, owned by Flutter Entertainment, have recently revealed that an unauthorized third party accessed limited betting account information of - [Bitcoin Boom Sends DeFi Technologies to New Highs — Is SHIB Next in Line?](https://news.shib.io/2025/07/15/bitcoin-boom-sends-defi-technologies-to-new-highs-is-shib-next-in-line/): Summary: Why is DeFi Technologies gaining attention, and what does it mean for SHIB? DeFi Technologies hit a record $302M AUM for its Bitcoin ETPs, showing strong performance fueled by smart strategy and rising BTC prices. Its success emphasizes a shift toward crypto models that deliver real revenue, not just hype. If Shiba Inu keeps building utility and infrastructure, it could be next to catch institutional eyes. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. DeFi Technologies Inc., a financial technology firm focused on integrating traditional capital markets with decentralized finance (DeFi), has - [What Is a DAO? 5 Ways Doggy DAO Gives the Community Real Power](https://news.shib.io/2025/07/15/what-is-a-dao-5-ways-doggy-dao-gives-the-community-real-power/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. - [Elderly Victim Scammed Out of $803K — Could Crypto Have Stopped It?](https://news.shib.io/2025/07/15/elderly-victim-scammed-out-of-803k-could-crypto-have-stopped-it/): Summary: Could crypto have prevented the scam that stole $803K from an elderly victim? Possibly. The scam relied on forged checks, insider access, and a lack of transparency — weaknesses common in traditional banking. A blockchain-based system like Shibarium, with public ledgers and no middlemen, could have made that kind of fraud far harder to pull off. Listen to This Article Prefer to listen? Hit play below to hear the narrated version. Michel Duarte Suarez, a Cuban national, has pleaded guilty to charges stemming from a scheme in which he gained control of the bank account of an elderly victim, - [Grok Hitler Glitch Sparks Outrage — What It Signals for the Shib Army](https://news.shib.io/2025/07/14/grok-hitler-glitch-sparks-outrage-what-it-signals-for-the-shib-army/): Summary: Why did Elon Musk’s Grok chatbot post anti-Semitic content? xAI blamed a recent code update for Grok’s offensive behavior, saying outdated instructions made the bot mirror extremist posts from X. The issue lasted 16 hours before the deprecated code was removed and the system restructured. For the Shiba Inu community, the incident emphasizes why open, decentralized systems with public accountability are vital in the age of AI. Elon Musk’s artificial intelligence firm, xAI, has attributed last week’s anti-Semitic outburst from its Grok chatbot to a recent code update, which caused the bot to generate extremist content for 16 hours. - [Bitcoin Creator Now 11th Richest — Could SHIB Be the Next Crypto Kingmaker?](https://news.shib.io/2025/07/14/bitcoin-creator-now-11th-richest-could-shib-be-the-next-crypto-kingmaker/): Summary: How does Satoshi Nakamoto’s rise to the 11th richest person impact the broader crypto community? Satoshi Nakamoto’s climb emphasizes the potential of decentralized innovation to create immense value. It shows that early belief in bold crypto projects can lead to significant rewards. For the community, it’s a reminder that tokens like SHIB have the power to grow and shape crypto’s future. The anonymous Bitcoin creator, known as Satoshi Nakamoto, has moved closer to joining the ranks of the world’s top 10 richest individuals, now ranking 11th after Bitcoin (BTC) surged to $120,000 on Sunday. Blockchain analytics firm Arkham Intelligence - [What Is a Crypto Airdrop? How It Works in the Shiba Inu Ecosystem](https://news.shib.io/2025/07/14/what-is-a-crypto-airdrop-how-it-works-in-the-shiba-inu-ecosystem/): Key points: Listen to This Article Prefer to listen? Hit play below to hear the narrated version. So, you’re scrolling through crypto Twitter or hanging out in a Discord server, and someone says, “Did you get the airdrop?” Cue panic. What drop? From where? Did I miss free money? Welcome to the world of the crypto airdrop — where sometimes, yes, tokens really do fall from the digital sky into your wallet.  No parachutes, no airplanes — just blockchain-based generosity. At its core, a crypto airdrop is when a project sends free tokens to users, usually to promote a new - [CZ Hints Coinbase Leaked Trump Stablecoin Story — Shibarium Wins Trust](https://news.shib.io/2025/07/14/cz-hints-coinbase-leaked-trump-stablecoin-story-shibarium-wins-trust/): Summary: Why is the dispute between Coinbase and Binance important for the crypto industry? The clash spotlights how centralized exchanges can face legal challenges and risks that affect users and