TronWeekly

Crypto World News

You are here: Home / Archives for shytoshi kusama

shytoshi kusama

Shiba Inu’s $2.35 Billion Proposal to Revolutionize U.S. Blockchain

by

  • Shiba Inu’s Shytoshi Kusama’s S.H.I.B. initiative aims to make the U.S. a blockchain leader by establishing a “Silicon Valley of Crypto” with robust physical and digital infrastructure.
  • The proposal includes $1.3 billion-$2.35 billion in funding to foster innovation, create 20,000 high-skilled jobs, and drive an annual $5 billion economic boost.
  • S.H.I.B. seeks favorable regulations and economic incentives, including tax credits and a regulatory sandbox, to attract blockchain startups and support sustainable development.

As America gears up to elect its next president, Shytoshi Kusama, Shiba Inu’s lead developer, has a bold vision for the future of blockchain in the United States. Kusama’s new proposal, aimed at the incoming president, outlines a framework to position the U.S. as a global leader in blockchain through the “Strategic Hub for Innovation in Blockchain,” or “S.H.I.B.” initiative. This strategic plan aims to spark economic growth, and job creation, and bolster national security—all through blockchain technology.

Kusama’s proposal, the S.H.I.B. initiative, is ambitious. It calls for the creation of a dedicated hub, potentially transforming a U.S. city into the “Silicon Valley of Crypto.” This hub would focus on integrating both physical and digital infrastructure, designed to attract global blockchain talent, foster groundbreaking innovations, and support secure, sustainable blockchain networks. The estimated initial investment ranges between $1.3 billion and $2.35 billion over the next decade.

The initiative proposes a collaborative model that connects the private sector with government support, creating an ecosystem where blockchain startups, investors, and educators can flourish. This strategic alignment also aims to align with national goals such as sustainable development and digital leadership. The S.H.I.B. hub would feature high-speed digital infrastructure, secure data centers, and on-chain nodes that enable seamless testing and deployment of blockchain applications.

Screenshot 341
Source

The Shiba Inu-led S.H.I.B. initiative outlines impressive metrics, including a total investment between $1.3 billion and $2.35 billion over the next decade. This ambitious plan aims to create up to 20,000 high-skilled jobs within five years, establishing a robust workforce. In the long term, the initiative is projected to generate an economic impact exceeding $5 billion annually, positioning Shiba Inu’s S.H.I.B. as a major driver of growth in the U.S. blockchain sector.

Infrastructure and Economic Development Goals of Shiba Inu’s New Initiative

The S.H.I.B. initiative emphasizes two core components for development: infrastructure and economic frameworks. The infrastructure component encompasses advanced labs, innovation incubators, and secure data centers, aiming to create a world-class environment for blockchain research and implementation. Infrastructure investment is anticipated to cost between $700 million and $1.2 billion.

Kusama’s economic framework seeks to attract blockchain startups through targeted incentives. Tax credits, grants, and investment-matching programs would be offered to new and existing blockchain businesses, while public-private partnerships could leverage private expertise with government resources. This aspect of the plan could require between $300 million and $600 million.

Further, Kusama proposes a regulatory “sandbox” that would allow blockchain companies to test and innovate without the burden of restrictive policies. This approach aims to create a balanced environment where blockchain can grow under a controlled, favorable regulatory umbrella.

The Shiba Inu-backed S.H.I.B. initiative is projected to deliver substantial economic benefits over time. In the short term, the plan aims to generate 5,000 jobs and inject $500 million into the U.S. economy. By the medium term, Shiba Inu’s project would scale up to 20,000 jobs, contributing an impressive $2 billion yearly. In the long run, the initiative envisions driving a sustained $5 billion annual economic boost, establishing a thriving ecosystem for blockchain innovation and employment.

In the final stages, Kusama envisions the hub as a model for blockchain-powered national security measures and a generator of high-value blockchain exports. With a projected return on investment (ROI) of 10-to-1, the S.H.I.B. initiative presents a compelling vision of the U.S. as a blockchain superpower.

Shiba Inu Developer Bets TREAT to Lead the Meme Coin Revolution

by

  • Shytoshi Kusama believes meme coins are evolving into serious utility tokens, with Shiba Inu’s TREAT token leading the charge.
  • The token recently broke out of a descending triangle pattern, and with increased institutional interest and a potential market-wide rally, SHIB could revisit its all-time high.
  • Wintermute, a major crypto market maker, is significantly increasing its exposure to meme coins, including PEPE, BONK, and FLOKI.

Shytoshi Kusama, the lead developer of Shiba Inu has reinforced his optimism about the evolving nature of the cryptocurrency landscape. In particular meme coins, once dismissed as mere internet jokes, have transformed into serious contenders in the blockchain ecosystem.

Responding to a tweet by MoonCapital CEO, Kusama stated, “Too slow in my opinion. But happy TREAT as both a meme and governing utility alongside the rest of the Shib Ecosystem is leading this shift in mindset for the wise.”

Shiba Inu
Shiba Inu Developer Bets TREAT to Lead the Meme Coin Revolution 3

This sentiment was echoed by other industry experts. One observer noted, “What was probably considered as speculation & joke tokens are now turning the tables by evolving into a Decentralized, Community, DAO governed ecosystems building utilities with R&D and innovative use cases.”

On October 28, 2020, Shiba Inu made waves after it hit an all-time high of $0.0000888. This historical peak coincided with a pre-election bull run in the cryptocurrency market. The token recently broke out of a descending triangle pattern, a bullish technical indicator often preceding a sharp price increase. With the bullish momentum and the potential for another market-wide rally, some analysts speculate that SHIB could revisit or even surpass this historical high.

Shiba Inu: Wintermute Meme coin Integration

That said, the growing utility and community-driven nature of meme coins have attracted the attention of major players in the crypto industry. Recently, Wintermute, a prominent crypto market maker, has significantly increased its exposure to meme coins.

A significant portion of their top 20 meme coin holdings, including PEPE, Neiro, BONK, WIF, FLOKI, and BABYDOGE, are now listed on Binance. Additionally, Wintermute’s involvement with GOAT signals a more aggressive market-making strategy for meme coins.

With a diversified portfolio including MOODENG, GOAT, PONKE, and MEW, worth over $31 million, Wintermute’s strategic investment in meme coins underscores the growing maturity and potential of this once-niche sector. As the crypto industry continues to evolve, meme coins are proving to be more than just a fleeting trend, shaping the future of decentralized finance.

Shiba Inu Surges 33.5% Amidst ETF Speculation

by

  • Shiba Inu has surged by 33.5% in the past month, breaking out of a bullish reversal pattern.
  • Anticipation of a potential SHIB ETF is fueling optimism for a significant price increase.
  • Shiba Inu’s lead developer, Shytoshi Kusama, has shared a cryptic post on X, sparking speculation about his future involvement in the project.

Shiba Inu, the beloved meme coin is reigniting community enthusiasm with its impressive rally. The token has surged by 33.5% in the past 30 days, breaking out of a bullish reversal pattern that suggests further upside potential. Excitement is growing among SHIB investors as speculation intensifies about the possibility of a Shiba Inu exchange-traded fund (ETF) hitting the market. Such a development could significantly boost the token’s exposure and liquidity, potentially driving a substantial price increase.

Shiba Inu
Source: Black Pearl

The fervor surrounding the token has led some SHIB members to compare it to Amazon Prime Day, where shoppers flock to the online retailer to score incredible deals on a wide range of products. Similarly, the cryptocurrency market is also experiencing some movement. Members speculate that Shiba Inu’s rise is likely influenced by the overall sentiment surrounding Bitcoin (BTC).

But what has truly captured the community’s attention is a recent cryptic post by Shytoshi Kusama where the lead developer referenced Japanese mythology and a famous woodblock print, leaving many wondering what it could mean for the future of the Shiba Inu ecosystem.

Shiba Inu Community Buzzes Over Kusama’s Enigmatic Post

Kusama, whose real identity remains a mystery, has been handling the Shiba Inu project ever since, Ryoshi, the original creator stepped down from the position in 2022. His leadership has been instrumental in guiding the project’s growth and development, and his continued involvement has been a source of confidence for many SHIB investors.

The cryptic message from Kusama has sparked rumors that he may be preparing to step away from the project, similar to Ryoshi. While no concrete evidence supports these claims, the post has fueled speculation that a significant change may be on the horizon.

As the Shiba Inu community decodes the message behind Kusama’s post, investors are closely watching for any further developments that could impact the price of SHIB.

Shiba Inu’s Lead Dev Gives Massive Insights on SHIB’s Future

by

The Shiba Inu (SHIB) cryptocurrency has been on a remarkable journey since its inception. From rapid growth in price and user base to forming partnerships, SHIB has made waves in the crypto world. Yet, the identities of those behind SHIB remain shrouded in mystery. The founder, Ryoshi, and the lead developer, Shytoshi Kusama, are anonymous figures.

In May of last year, Ryoshi vanished from social media. He deleted all his X posts and blog entries, leaving the project in the hands of Shytoshi Kusama.

Rumors about Shytoshi Kusama’s true identity have spread far and wide. Many connect him to Elon Musk due to Musk’s known enthusiasm for Dogecoin (DOGE) and meme culture. This speculation led many to believe that Musk might be involved with another canine-themed cryptocurrency.

Shiba Inu Lead Dev: Not Elon Musk

In an interview with Arabian Business, Shytoshi Kusama denied being Elon Musk. He admitted that while the speculation was flattering, it was not true. However, Kusama did express a desire to meet Musk. He offered to show Musk how the Shiba Inu protocol operates. This statement piqued the community’s curiosity about Kusama’s intentions and the potential for future collaborations.

The anonymity of Shytoshi Kusama is not just about intrigue. It serves a practical purpose. Kusama mentioned that he values his ability to move freely without being recognized. For him, anonymity is more valuable than money.

Despite the anonymity, the Shiba Inu ecosystem continues to thrive. SHIB is currently trading at $0.00001804, with a 4.61% increase in 24 hours. It holds the position as the 12th largest cryptocurrency by market capitalization. This growth is a testament to the strong community and ongoing development efforts led by Kusama.

The future of SHIB looks promising as it continues to evolve from a meme coin to a utility-driven cryptocurrency. The mystery surrounding Shytoshi Kusama adds an element of fascination, but it does not overshadow the project’s achievements and potential.

Shiba Inu Lead Dev Unveils Global Tour: 2024’s Massive Events

by

Fresh off the IVS Crypto event, Shiba Inu’s lead developer, Shytoshi Kusama, has launched a global tour, signaling a bold new direction for the cryptocurrency. The “Treat Yourself” tour aims to engage Shiba Inu (SHIB) enthusiasts and curious onlookers worldwide.

The tour kicked off last week in Kyoto. Kusama, known for his mysterious persona, attended the event in a mask. He mingled with crypto enthusiasts and even met Japanese politician Ippei Kumagai. Kusama’s presence added a flair of excitement to the event, marking a strong start for the global tour.

Screenshot 209
Source

Kusama announced plans to visit the bustling Indian city, Mumbai, calling it his “second home.” He expressed his eagerness to reconnect with the vibrant Indian crypto community. “See you soon!” he said, hinting at important meetings on the horizon.

The tour then heads to Canada for the Blockchain Futuristic Conference (BFC) in Toronto on August 13-14. Shiba Inu is a title sponsor of this event, and they will showcase their projects at a dedicated booth. K9 Finance, a Shiba Inu partner, will host a hackathon, promising a blend of innovation and engagement.

Shiba Inu’s SHIBACON

In a significant reveal, Kusama announced that the final stop for the year will be in Bangkok, Thailand. Here, SHIB will launch its own conference, SHIBACON, slated to coincide with DevCon in Bucharest, Romania, on November 6-7. While DevCon takes place in Bucharest, SHIBACON will unfold in Bangkok, creating a unique platform for the Shiba Inu community and industry leaders to network.

Kusama emphasized that SHIBACON 2024 will stand out from other crypto conferences. He promised unique discussions, presentations, and networking opportunities. The event aims to foster a deeper connection within the community and bring forward innovative ideas.

As the “Treat Yourself” tour progresses, Kusama hinted at opportunities for potential speakers and sponsors to join the conference. He assured that more details would be revealed soon.

With each stop, Kusama and his team are forging stronger ties with the global Shiba Inu community. The tour embodies Shiba Inu’s spirit of community and innovation, promising an exciting future for SHIB enthusiasts worldwide.

Shiba Inu’s Kusama Plans Meet-and-Greet: Identity Unveiling?

by

Shiba Inu’s mysterious project lead Shytoshi Kusama has sparked intrigue with a massive teaser. In the latest revelation, Kusama spoke about an upcoming meet-and-greet with the Shib Army in Kyoto, Japan. This surprising announcement has sent the community into a tizzy as fans speculate if Kusama intends to unveil his long-guarded identity

For years, Kusama has carefully crafted an elusive persona, avoiding public appearances and maintaining anonymity. His decision to step into the limelight and interact physically signifies a possible shift towards increased transparency and community engagement

However, amidst the buzz and excitement, skepticism looms large. Considering Kusama’s history of teasing the community through cryptic messages while maintaining strict anonymity, has raised doubts. Speculations remain on whether Kusama will physically attend the event or if his presence will be represented digitally.

Nevertheless, Kusama’s announcement has ignited hopes of deeper connections among the community stakeholders. By engaging directly with the community at the event, Kusama could set a precedent for transparency and accountability, bolstering confidence in Shiba Inu’s future trajectory.

Recently, the Shiba Inu team has revamped its documentation platform, delivering a comprehensive overhaul with the promise of significant upgrades. The update mainly focuses on Shibarium, the project’s layer-2 scalability solution, and aims to create a more inclusive and dynamic environment for users and contributors.

Shiba Inu’s New Docs Boost Shibarium

As per the blog post, the new documentation platform features a fresh, intuitive design, enhanced readability, and navigation. It includes a wide range of meticulously curated resources such as detailed guides on Shibarium, explanations of gas fees, validator instructions, and tutorials on using Remix and Hardhat for building on Shibarium. Additionally, users can access detailed release notes and an extensive FAQ section, providing the support needed to navigate the Shiba Inu ecosystem confidently.

On the price front, SHIB has stalled after a recent 5x rally. The below chart showed continued accumulation, despite the RSI values reaching the bottom. This could signal a potential new bull run for SHIB, however, technical indicators alone cannot guarantee the exact price outlook. It is important to consider other factors before making investment decisions.

Shiba Inu
Shiba Inu's Kusama Plans Meet-and-Greet: Identity Unveiling? 7

Shiba Inu Lead Dev’s Japan Visit Sparks Intense Speculation

by

Shytoshi Kusama, the elusive mastermind behind the Shiba Inu ecosystem, has arrived in Japan. In his latest post on X, Kusama shared his excitement about visiting Japan, calling it a dream come true. He said,

“It is truly a humbling experience only possible with divine providence, of which I am grateful.”

But this visit is no mere sightseeing tour. Kusama, the lead developer of Shiba Inu, is here to discuss critical initiatives with Japan’s brightest minds. These talks aim to drive the transition from Web2 to Web3, a pivotal move for SHIB’s future.

Kusama’s trip to Japan comes after a long silence in the Shiba Inu community. He recently broke his quiet spell, acknowledging his introverted nature. “I’ve been quite shy and quiet these past few years,” he admitted. But now, he is ready for change, eager to promote the importance of Web3.

Shiba Inu Cafes

As part of his new engagement strategy, Kusama plans to meet the SHIB Army in Japan. This announcement has sparked excitement and optimism within the community. Kuro, a prominent member based in Japan, invited Kusama to visit the Japan SHIB Cafes. Bledi Gmi, co-founder of Decrypt Agency, expressed his enthusiasm for the discussions Kusama will have. “It sounds like a truly inspiring and productive trip,” he said.

Kusama’s renewed vigor has reassured many in the community, who see this as a step closer to realizing the Shiba Inu 1 cent dream. His presence in Japan signifies more than just promotional activities; it marks a new chapter for Shiba Inu, with expectations running high.

The community eagerly awaits updates from Kusama’s meetings in Japan. History shows that his teasers often lead to significant announcements. Earlier this year, Kusama hinted at visits to Singapore, Hong Kong, Dubai, and Australia. Soon after, SHIB partnered with the cryptography firm Zama.

Now, all eyes are on Kusama and Japan. The Shiba Inu community holds its breath, hoping for news that could shape the future of SHIB. For Kusama, this visit isn’t just a milestone; it’s a step towards greater things for Shiba Inu and its global following.

Shiba Inu Lead Dev’s Followers Surge to 1 Million

by

Shytoshi Kusama, the enigmatic figure behind the Shiba Inu crypto project, has crossed a pivotal milestone on X (formerly Twitter). With 1 million followers, Kusama joins the ranks of crypto elites, a testament to his influence and the growing prominence of Shiba Inu.

Known fondly as “Shy” by the Shiba Inu community, the SHIB Army, Kusama now stands among distinguished figures like Elon Musk, Vitalik Buterin, and Changpeng Zhao. Musk, CEO of Tesla and SpaceX, leads with 184.9 million followers. Buterin, co-founder of Ethereum, has about 4.8 million, while CZ, CEO of Binance, boasts 2.1 million followers. Other crypto luminaries like Tyler Winklevoss, Michael Saylor, and Anthony Pompliano also share this exclusive space.

Kusama’s journey to this milestone was marked by a playful X post in March, asking, “And gee, can I hit 1M followers?” Accompanied by a whimsical GIF, the post set the stage for what was to come. On June 17, his goal was realized, sparking a wave of celebration within the SHIB Army.

Shiba Inu Community Reacts

The SHIB Army, a passionate and dedicated community, responded with enthusiasm. Congratulatory messages flooded X, with some members organizing giveaways. User @dhelzkiie7 shared a meme depicting the SHIB Army in celebration, while TanzeelSHIB (@TanzeelSHIB) announced a giveaway set for July 4 to honor Kusama’s milestone. Other users, such as @Mazrael and @mad2big, joined in, showcasing the community’s vibrant spirit.

This achievement signifies more than a numerical triumph. It reflects Shiba Inu’s rising recognition in the crypto world. With a large follower base, Kusama now has a powerful platform to engage directly with crypto enthusiasts, potentially driving further adoption of Shiba Inu.

Kusama’s influence on X can also shape the narrative around Shiba Inu, countering misinformation and fostering a positive image. This is crucial in a market often swayed by volatility and speculation.

As Kusama’s following grows, the crypto community eagerly anticipates how he will leverage this expanded reach to advance the Shiba Inu project. One thing is certain: the eyes of the crypto world are now firmly fixed on Kusama and the vibrant community he leads.

Shiba Inu Leader Hints at Exciting ETF Future for SHIB

by

The enigmatic leader of the Shiba Inu (SHIB) project, Shytoshi Kusama, has sent a wave of congratulations to the Ethereum community following the U.S. Securities and Exchange Commission’s (SEC) approval of the spot Ethereum ETF. This landmark decision, announced on May 24, marks a pivotal moment for the cryptocurrency industry, and the Shiba Inu developer hinted at the potential for a similar future for Shiba Inu.

In a recent post, Shytoshi Kusama expressed his admiration for the Ethereum community, recognizing the approval of the spot ETH ETF as a monumental achievement. “Congratulations to our friends at Ethereum on this significant milestone,” Kusama wrote, adding that this could pave the way for a SHIB spot exchange-traded fund (ETF) in the future. While he did not delve deeply into this possibility, he emphasized that it is a topic for the community to discuss, as he remains focused on the ongoing developments within the SHIB ecosystem.

Could Shiba Inu ETF be a reality next?

The SEC’s approval of Ethereum ETFs follows its decision to greenlight spot Bitcoin ETFs earlier this year, marking a significant shift in regulatory attitudes toward crypto assets. Among the newly approved Ethereum ETFs are those from industry giants such as BlackRock, Grayscale, VanEck, Bitwise, Fidelity, and Ark Invest. Grayscale, which converted its Ethereum Trust into a spot ETF, now manages approximately $11 billion in ETH assets. Despite this being smaller compared to its Bitcoin holdings pre-conversion, it signifies a substantial commitment to the future of Ethereum in traditional finance.

This move has been lauded by venture investor Anthony Pompliano, who described it as the final barrier before Wall Street fully embraces crypto assets. The anticipation is that these ETFs will attract significant institutional investment, further legitimizing cryptocurrencies in the financial sector.

However, the journey has not been without its hurdles. Earlier this month, companies like Ark, Grayscale, and Fidelity had to amend their ETF filings to exclude staking services. This was in response to the SEC’s recent legal actions against Coinbase and Kraken, accusing them of offering unregistered securities through their staking programs.

As the cryptocurrency landscape continues to evolve, Shytoshi Kusama’s subtle hint at a future Shiba Inu ETF keeps the community abuzz with speculation and excitement. For now, the focus remains on the promising developments within the SHIB project, with many eagerly awaiting what comes next. #staytuned

Shiba Inu’s Shytoshi Kusama Teases Big Surprise For ShibaSwap 2.0

by

The Shiba Inu community is buzzing with anticipation after the lead developer unveiled exciting plans for a revamped ShibaSwap, the project’s decentralized exchange [DEX]. In a recent Twitter announcement, Shytoshi Kusama envisioned the new ShibaSwap as a bustling hub for both innovators and “Shibizens” [Shiba Inu community members]. He also pledged that the platform would operate as a dynamic marketplace where community tokens can thrive, creating an environment brimming with unique projects, causes, and passionate members of the SHIBARMY.

“The new ShibaSwap is a hub for innovators and Shibizens alike. It’s where community tokens thrive, creating a dynamic marketplace filled with unique projects, causes, and SHIBARMY members,” Kusama wrote.

To further engage the Shiba Inu community, the anonymous project lead announced an exciting giveaway. He invited SHIBARMY members to post screenshots of their wallets on the highly-anticipated Shibarium, a layer-2 solution designed to enhance the Shiba Inu ecosystem’s scalability and efficiency. Kusama promised to send a surprise gift to three randomly selected individuals who participated in this initiative.

Shiba Inu is gearing up for an upcoming hard fork scheduled to launch on May 2nd, which will change its layer-2 blockchain, Shibarium. As reported by TronWeekly, the team would be launching a range of new features aiming at improving the user experience and supporting our community of innovators and developers. This isn’t just any upgrade; it aims to unlock advanced capabilities to provide added value and streamline interaction, the post claimed.

Shiba Inu: Hard Fork on the Horizon

Under the official announcement, the hard fork aims to turbocharge block processing speed and iron out transaction fees, addressing community suggestions to enhance platform usability and efficiency. Additionally, it aims to stabilize transaction fees during peak traffic periods, ensuring fair and predictable costs for all users. These efforts are geared towards maintaining an affordable and inclusive platform.

The revamped ShibaSwap and the imminent hard fork of Shibarium are expected to be significant milestones for the Shiba Inu project. The new DEX aims to provide a seamless and user-friendly experience for trading and swapping tokens, while Shibarium is anticipated to address the scalability challenges faced by the Ethereum network, upon which Shiba Inu is built.