Kusama clarified that while Shibarium is already producing blocks, it is still being tested and the team is making sure to put necessary measures in place.
While many are hyped about the rumor, some are skeptical of the possibility because of the ongoing case between Ripple Labs and the U.S. Securities and Exchange Commission.
The newly-formed committee is given "42 days to conduct the investigation before the members report back to the House.''
It is worth noting that on the day Buterin moved the assets, the Ethereum Foundation - the non-profit organization dedicated to supporting Ethereum and related technologies - also moved ETH worth $29.7 million to Coinbase.
Kusama has asked the team to take the day off since they "will continue scaling and testing in anticipation of working with our new (yet old) friends on Monday, ahead of re-opening the chain to the public," seemingly hinting that Shibarium could be available to the public anytime this week.
U.S. District Judge Jed Rakoff said last week that the SEC is legally entitled to utilize the process that was first introduced in the 1970 treaty to gather critical evidence from foreign countries.
The devastating price decline of WLD from its debut peak was sudden and sharp considering that it projected high expectations since it was backed by personalities like Sam Altman of OpenAI, the maker of ChatGPT.
In its motion to appeal the Ripple victory ruling, the major Wall Street regulator told the court that it "does not seek appellate review of any holding relating to the fact that the underlying assets here are nothing but computer code with no inherent value," acknowledging that digital assets are not inherently securities.
MicroStrategy, which has been accumulating Bitcoin as part of its holdings since 2021, revealed earlier this month that it made the biggest BTC purchase in the second quarter of 2023.
Elon Musk said users on X, formerly known as Twitter, will lose the ability to block followers and the feature will now only be available for direct messaging or DMs.
Kusama also said they wanted developers to be refreshed so they asked them to rest, perhaps to be prepared for the big week ahead.
Despite the measures taken by the team to make sure Shibarium will function as designed, the "MASSIVE influx of transactions and users" hampered the normal flow of the operation, following its launch Wednesday.
Grayscale filed a lawsuit against the SEC in June 2022 after its spot bitcoin ETF proposal was rejected, but it is now looking to expand its ETF team amid a looming decision by the SEC on ether futures-based ETFs.
Coinbase said its Canada arm has filed an application for registration in certain Canadian jurisdictions "but has not yet obtained registration."
Shiba Inu's marketing strategist Lucie also informed the community that association with Shiba Inu or Shibarium does not guarantee that the project is legit or not a scam.
Following the approval of the GFSC in October 2021 and the delay of the planned launch last year, London-based Jacobi Asset Management announced the listing of Bitcoin ETF on the platform Euronext Amsterdam this week.
This week, two crypto projects, RocketSwap and SwirlLend, lost more than $1 million to supposed attackers.
Trump reportedly earned over $4.9 million from a licensing deal with NFT INT LLC, the team behind two NFT collections featuring his face, both of which have garnered millions of dollars in royalties and sales.
But, Kusama, unaffected by the FUD and seemingly confident of their vision for the Shiba Ecosystem and the broader crypto community gave out several interesting statements that for many anticipating Shib Army, might mean that Shibarium is going live anytime this week.
Kusama delivered a rousing and impactful speech titled "Dear Humanity," where they outlined their bold vision for the cryptocurrency industry and the world.
"As you know, EXCLUSIVITY is the key utility of Leash and I have an exclusive exclusive for you all TUESDAY 1 PM EST," Shiba Inu's pseudonymous lead developer said, adding, "Then on Wednesday, a new utility for Leash will be unveiled."
The report underscores the influence of spot Bitcoin ETFs on the market, particularly if traditional financial giants' applications gain approval from the U.S. Securities and Exchange Commission (SEC).
Getting added as a FedNow service provider allows Dropp to offer merchants a novel solution for real-time settlement and instant payment services.
In an interview, Shytoshi Kusama, the pseudonymous lead developer of the Shiba Ecosystem, explained that the food offerings will be tailored to each location, with adjustments made for primarily vegetarian areas.
It is worth noting that SlowMist founder Xian Yu uncovered the vulnerability in Zunami Protocol almost a couple of months ago, but when the team warned Zunami about it, the warning was reportedly met with a negative response.
Crypto data aggregator Kaiko also confirmed that the hack has impacted confidence in Curve's stETH-ETH pool, which has seen continued large outflows, as well as a reduction in liquidity.
Donald Trump has expressed skepticism about digital assets in the past, but it turns out now that he has up to half a million dollars in a crypto wallet disclosed in a recent OGE filing.
"I think DeFi will be part of the first wave in the sense that we want to go where crypto users are using stablecoins today, and DeFi is a use case for that," PayPal crypto chief revealed.
The introduction of this experimental solution aligns with Visa's goal of enhancing user accessibility to blockchain transactions.
The Shiba Ecosystem's native token has outperformed Bitcoin and Ethereum in gains: up by 2.8% in 24 hours, 17.9% in seven days, 24.2% in 14 days, and an impressive 35% in 30 days.
