Shytoshi Kusama, the mysterious figure behind Shiba Inu, has hinted at an upcoming announcement that he describes as the most significant in the project’s history.
After collaborating on a recent Solana-based initiative, Kusama plans to take a brief hiatus before refocusing on SHIB and its ecosystem tokens, including BONE, LEASH, and TREAT.
In a shift from his previous leadership position, Kusama recently stepped down as the main visionary of Shiba Inu.
He now serves as the project’s lead ambassador, reflecting a move toward decentralized management as the ecosystem matures.
Meanwhile, the SHIB burn rate has taken a sharp hit, dropping by nearly 90% over the past day, according to Shibburn.
Just over 1.1 million SHIB tokens were burned in a single transaction, marking a significant slowdown in reducing the circulating supply.
Coinbase CEO Brian Armstrong has spotlighted a significant acceleration in institutional crypto adoption, driven largely by the surging popularity of exchange-traded funds and increased use of Coinbase Prime among major corporations.
The latest market turbulence, fueled by geopolitical tensions and investor fear, offered a textbook case of how sentiment swings and whale behavior shape crypto price action.
Jefferies chief market strategist David Zervos believes an upcoming power shift at the Federal Reserve could benefit U.S. equity markets.
Anchorage Digital, a federally chartered crypto custody bank, is urging its institutional clients to move away from major stablecoins like USDC, Agora USD (AUSD), and Usual USD (USD0), recommending instead a shift to the Global Dollar (USDG) — a stablecoin issued by Paxos and backed by a consortium that includes Anchorage itself.