News Explorer — Shiba Inu and Other Memecoins Decline Following Shibarium Launch

Shiba Inu’s decline is attributed to the launch of Shibarium, a layer 2 memecoin ecosystem, at the Blockchain Futurist Conference. Shibarium aims to fulfill the founder’s vision of decentralization and has successfully completed its testnet phase with over 21 million user wallets. Other memecoins, such as pepe and HarryPotterObamaSonic10Inu, also experienced declines in the past 24 hours.

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The Block

Shiba Inu and Other Memecoins Decline Following Shibarium Launch

Shiba Inu’s decline is attributed to the launch of Shibarium, a layer 2 memecoin ecosystem, at the Blockchain Futurist C… Read Summary

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Decrypt

Grimace Forever: McDonald’s Is Giving Away Free NFTs That You Can’t Trade

McDonald’s Singapore is launching a giveaway of 2,000 NFT collectibles featuring the fast food icon Grimace. The NFTs wi… Read Summary

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Decrypt

SHIB Developers Deploy Layer-2 Shibarium to Ethereum Mainnet

The Shiba Inu SHIB ecosystem has launched Shibarium, its Ethereum layer2 network, after an extensive beta testnet phase… Read Summary

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Decrypt

Coinbase Gives Out $120,000 Worth of Bitcoin to WNBA Players

Coinbase has awarded WNBA players $120,000 worth of Bitcoin as part of its sponsorship of the league. Each player receiv… Read Summary

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Decrypt

Coinbase’s Crypto Futures Could Put an End to Bitcoin Market’s ‘Open Secret’

Coinbase has received regulatory approval to offer crypto futures trading in the U.S., allowing customers to seamlessly… Read Summary

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Aug 16, 7:56 am

Decrypt

Crypto Custodian BitGo Hits $1.75B Valuation After Latest Funding

Crypto custodian BitGo has raised $100 million in a Series C financing round, bringing its valuation to $1.75 billion. T… Read Summary

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Aug 16, 7:28 am

Decrypt

Ledger Adds PayPal as On-Ramp for Bitcoin, Ethereum Purchases

Ledger, a hardware crypto wallet provider, has partnered with PayPal to launch a new onramp solution. Users can now use… Read Summary

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Aug 16, 6:33 am

Decrypt

Greenwashing’: Gitcoin, Shell Partnership Draws Fire From Crypto Pundits

Open-source funding platform Gitcoin is facing backlash after announcing a partnership with fossil fuel giant Shell. She… Read Summary

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Aug 16, 3:40 am

Cointelegraph

PayPal to Pause Crypto Purchases for UK Customers From October

PayPal is temporarily pausing cryptocurrency purchases for its UK customers starting from October 1, 2023, in order to c… Read Summary

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Aug 16, 4:43 am

Coindesk

BitGo Raises $100 Million at a $1.75 Billion Valuation

Crypto custodian BitGo has raised $100 million at a valuation of $1.75 billion, some of which will go towards “strategic… Read Summary

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Aug 16, 3:41 am

Reuters

Coinbase Secures Regulatory Approval for US Users to Trade Crypto Futures

Coinbase landed regulatory approval from the National Futures Association to allow U.S. retail customers to trade crypto… Read Summary

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Aug 16, 3:30 am

Decrypt

Layer-1 Network Sees Native Token SEI Soar in Trading Volumes Overnight

The layer-1 Sei Network launched its Mainnet beta phase, introducing the SEI token. Leading exchanges like Binance, Bybi… Read Summary

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Aug 16, 3:18 am

Decrypt

Prosecutors Plan to Use Personal Notes by Caroline Ellison as Evidence in Trial Against Sam Bankman-Fried

Prosecutors in the criminal trial of former FTX CEO Sam Bankman-Fried plan to use personal notes and diary entries by Ca… Read Summary

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Aug 16, 3:08 am

Protos

Tai Lopez Sells Off RadioShack and Other Brands

Internet guru Tai Lopez is selling off brands purchased under his company, Retail Ecommerce Ventures, LLC, including Rad… Read Summary

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