TheDinarian
News • Business • Investing & Finance
? The Dinarian on Locals brings you the latest in news, interviews, in-depth conversations, and stories from across the blockchain and global communities—within and beyond cryptocurrency ?. Experts delve into how blockchain technology is reshaping industries, enhancing business networks ?, transforming transaction workflows, and advancing distributed ledger systems ??. We also explore intriguing topics that may venture into the realm of conspiracies—and so much more!
Interested? Want to learn more about the community?
Shiba Inu’s Ecosystem Is Expanding. Can It Shed Its Meme Coin Status?

The “Dogecoin Killer” has plans to develop an extensive crypto ecosystem. But will it be enough for the meme coin to transcend its lighthearted image?

Crypto Briefing goes down the meme coin rabbit hole to see if Shiba Inu has what it takes to grow into a more serious crypto project worthy of its $6.4 billion market cap.

The State of Shiba Inu

Shiba Inu wants to become more than just a meme, but that could be a challenge.

After experiencing a parabolic run that catapulted SHIB up over 1,000% in the fall of 2021, the Ethereum-based meme coin has continued to surprise market participants with its stubbornness in the face of what may be the most severe crypto bear market in history.

While SHIB gained its footing as a retail investor-backed meme coin, it’s maintained its position as a top 20 cryptocurrency, outperforming many other more established projects during the market downturn. Shiba Inu’s relative strength is partly thanks to its dedicated holder base and online community. The token’s faithful adherents continue to hold SHIB despite brutal market conditions while bringing its community to life across Twitter, Reddit, and other social media platforms.

Additionally, unlike Bitcoin and Ethereum, which bore the brunt of the recent spate of crypto firm liquidations, SHIB has suffered relatively little contagion as few—if any—companies had leveraged exposure to the token.
It’s become clear that despite setbacks, such as Ethereum co-founder Vitalik Buterin selling and burning trillions of SHIB tokens sent to his wallet by the project’s pseudonymous creator Ryoshi, Shiba Inu is here to stay. Over the past year, the project’s developer team has formed a plan to help Shiba Inu transcend its reputation as a moonshot token and develop into a fully-fledged crypto ecosystem.

Shiba Ecosystem Expansion

After rising to public attention during the 2021 bull market, Shiba Inu’s developers have crafted several initiatives to help what started as a simple meme token gain traction as a more legitimate project.

So far, Shiba Inu’s pseudonymous developers have executed plans to create an Ethereum-compatible Layer 2 chain called Shibarium, a collection of cute NFT avatars known as “THE SHIBOSHIS,” a Metaverse, a mobile play-to-earn game, and a Shiba Inu-themed stablecoin.

While slow, progress is being made. In November 2021, Shiba Inu’s first NFT collection, THE SHIBOSHIS, launched in a whirlwind of hype, spiking Ethereum gas fees as fans rushed to mint one of the 10,000 pixel art avatars. More recently, in April, the Shiba Inu team conducted a sale of 100,000 virtual land plots for an upcoming Shiba Inu Metaverse project.

Although details about the Metaverse are sparse, that hasn’t stopped the Shiba Inu faithful from loading up on virtual land. In the few brief updates on the project from pseudonymous Shiba Inu developer Shytoshi Kusama, “SHIB: The Metaverse,” as it’s currently called, will be developed in partnership with a leading AAA game studio. However, according to Kusama, several non-disclosure agreements have prevented developers from revealing further details.

Other plans, such as developing the Layer 2 Shibarium network, also appear to be advancing. Blockchain development company Unification has been tasked with creating the new network, which will form the base layer for the Shiba Inu ecosystem. Blog posts from Kusama say the network will be “optimized for gaming” and offer lower fees and higher throughput than Ethereum.

According to a recent blog post from Unification Product Lead Maziar Sadri, Shibarium will launch its public beta later this year, allowing independent developers and users to fully interact with the network and participate in its validation process. Once fully launched, the SHIB token and all Shiba Inu-related NFTs will be migrated to Shibarium, and future ecosystem developments will launch directly on the new Layer 2 network.

However, it might be the planned mobile play-to-earn game that has Shiba Inu fans the most excited. Announced at the height of Shiba Inu mania in November 2021, development for the yet-to-be-named game is led by William Volk, a gaming industry veteran with more than 25 years of experience at top-tier companies such as Activision and ROKiT Games.

Like SHIB: The Metaverse, little is known about the Shiba Inu game beyond Volk’s involvement. The latest update from Volk came over three months ago when he posted an invite to an in-person meetup on Twitter, along with a teaser screenshot of art from the upcoming game.

Elsewhere, several tweets and blog posts from Kusama have dropped a few more breadcrumbs of information. The game will take the form of a collectible card game similar to Pokémon and Magic: The Gathering. More recent updates indicate that the Volk-led Shiba Inu Games and Australian studio PlaySide are both involved in the game’s development.

Although the play-to-earn aspect of the Shiba Inu game has not yet been revealed, there are several clues alluding to how it might work. In Kusama’s Jul. 6 blog post, they revealed that players would be able to earn a new token called TREAT through the game upon release. Kusama also hinted that several token sinks for TREAT would be woven into the Shiba Inu ecosystem. TREAT will “derive rewards for the Metaverse” and “help to provide balance to Shi,” the planned Shiba Inu stablecoin, they wrote.

However, like most of Kusama’s posts, they gave no firm details on the token ecosystem besides stating that TREAT would “benefit current SHIB ecosystem holders greatly” and that the tokenomics would “not disappoint.”
Can Shiba Inu Become More Than a Meme?

Although Shiba Inu’s developers are dedicated to growing the token into a fully-fledged crypto ecosystem, several factors could stop them from achieving their vision.

While Shibarium and the collectible card game have spurred excitement within the Shiba Inu community, concrete details on what is being built and how it will work remain patchy at best. Information is often spread across multiple sources with no centralized hub keeping track of all the latest announcements.

Most of the information that can be found comes from Kusama after Ryoshi bowed out from the project earlier this year. Kusama’s posts are often casual, lack structure, and make bold assertions about the Shiba Inu ecosystem and its upcoming plans without offering specific details. As a result, Shiba Inu fans are left speculating about the details of highly-anticipated updates, creating confusion and fueling fear, uncertainty, and doubt from the project’s detractors.

For example, Kusama has said the Shibarium Layer 2 will not require ETH for its transaction fees and will instead use the Shiba Inu ecosystem governance token BONE to process transactions. However, according to the Shiba Inu whitepaper, BONE has a limited supply of 250 million tokens.

It is currently only distributed to those participating in various staking and liquidity-providing activities on ShibaSwap, the official Shiba Inu decentralized exchange. Kusama’s posts have yet to reveal further details about how BONE will function as both a gas and governance token, leaving holders hoping for the best instead of being able to conduct proper due diligence into how the token system will function after the launch of Shibarium.

Dubious tokenomics aside, another worry is that many of the Shiba Inu ecosystem initiatives are copies of ideas previously pioneered by other crypto projects. Shiba Inu’s Metaverse offering will be in direct competition with those developed by well-funded companies such as Bored Ape Yacht Club creator Yuga Labs and Facebook owner Meta. An excess of smaller NFT projects have also tried copying the Metaverse playbook in their roadmaps, making the concept tired before even a single Web3-native Metaverse game has successfully launched.

Crypto gaming is also experiencing a downturn accelerated by titles like Axie Infinity and STEPN, two popular games that experienced a dramatic rise but plummeted as they failed to create self-sustaining token ecosystems. The current play-to-earn model, which Shiba Inu’s play-to-earn game is yet to differentiate itself from, requires a constant influx of new players to keep existing players interested in playing and is therefore unsustainable. It’s unclear whether the Shiba Inu collectible card game will be able to overcome this issue when it launches. Still, with so little information to work from, it’s proving difficult for crypto enthusiasts to get behind a project with so many unknown factors.

Lastly, the idea of a native stablecoin will likely be the most off-putting to the wider crypto community in light of the collapse of the Terra ecosystem and its algorithmic UST stablecoin. No information has been released explaining how the stablecoin will work or whether it will be overcollateralized. However, the little information available that alludes to the TREAT reward token playing a role in the stablecoin’s peg mechanism is not encouraging.

The bigger question is whether the Shiba Inu community is interested in stablecoins, complex token systems, and yield-generating opportunities. Shiba Inu’s early success relied on its memetic power and passionate community. From an outsider’s perspective, a game that prioritizes player engagement, community, and fun over the ability to make a profit could be more on-brand for Shiba Inu, especially while cryptocurrencies are stuck in a bear market.

However, it’s hard to deny that Shiba Inu is establishing itself as a serious crypto contender. A lot is happening behind the scenes, and it’s only a matter of time before a finished product hits the market. Still, if the project’s developers don’t consider what the project’s community really wants, what was once one of the biggest drivers of crypto adoption could end up as a forgotten meme of the past.

https://cryptobriefing.com/shiba-inus-ecosystem-is-expanding-can-it-shed-its-meme-coin-status/

post photo preview
Interested? Want to learn more about the community?
What else you may like…
Videos
Podcasts
Posts
Articles
👀 Something Historic Just Happened In Colombia

Something historic just happened in Colombia.
An object was recovered, a metallic sphere that defies explanation.

Now it’s the center of an international investigation involving U.S. congressmen, physicists, and Dr. Steven Greer.

The object, called the Buga Sphere, was discovered by a local metal detectorist, Don José.

👉 At first, it weighed 2kg, then 6kg and then 10kg.

The same object, no external changes and weight fluctuations recorded live.

What kind of material behaves like this?

The sphere doesn’t emit radiation, but it does mess with electronics.

People near it reported metallic taste, nausea, and phones going haywire. David Vélez wore an anti-static suit just to touch it.

Not exactly your average scrap metal.

A second sphere showed up in Jumbo, caught on camera by a separate witness.

Same shape, movement, and equatorial line.
Italy’s top UAP analysts reviewed the footage.
The metadata was untouched, it wasn't CGI, it’s real.

Inside the Buga Sphere scientists discovered:

🔹Fused polymers
🔹Optical ...

00:03:33
"The World Order That We Are Coming Into"

If XRP is the neutral bridge for all sovereign currencies, stablecoins, and tokenized assets, then it’s not just facilitating payments, it’s capturing all that value at every level. From smart contracts to tokenized treasuries and digitized assets, XRP forms the foundation and backbone for everything in between.

With cross-border payments representing a multi-trillion-dollar corridor, that’s where the largest capital will flow and the greatest returns will come from.

At this point, you’re the gatekeeper to the digital economy. Everything else follows or fades away once regulations take effect.

You either see it or you won’t until it’s too late.

~The Black Swan Capitalist

00:01:50
Denelle Dixon (Stellar CEO) On Bloomburg 🚀

'Everyone, including Mastercard and Visa, is looking at how this technology can make finance easier for their consumers and their business. I don't think there is going to be a loser, but I do think there will be shake-ups. And ultimately, the consumer is going to win.' - SDF CEO @DenelleDixon on @BloombergTV

00:05:29
👉 Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

👉 Here’s what you need to know:

💠 'Based Agent' enables creation of custom AI agents
💠 Users set up personalized agents in < 3 minutes
💠 Equipped w/ crypto wallet and on-chain functions
💠 Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit

👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

👉 Coinbase just launched an AI agent for Crypto Trading
✨️ Joseph Tittle Prophecies 6/25 ✨️

Going deep into connecting with spirit revealing shocking revelations around artificial intelligence, coming conflicts, attack on United States and allies, How to prepare ourselves for the coming global changes. Channled Psychic predictions.

Bloomberg Analysts Increase XRP ETF Approval Odds to 95%

Key Takeaways:

🔹️Spot XRP ETF approval odds increased by Bloomberg analysts.

🔹️The SEC's positive engagement boosts confidence.

🔹️Ripple market could see significant liquidity influx.

https://aicryptocore.com/bloomberg-xrp-etf-approval-95-percent-odds/

🤔 What Happened To Jed McCaleb, The Co-founder and Chief Architect of the Stellar Development Foundation?

Jed McCaleb, the co-founder and Chief Architect of the Stellar Development Foundation (SDF), remains actively involved with Stellar as of 2025. He continues to serve on the SDF’s board and is recognized as the Chief Architect, helping to guide the technical vision and development of the Stellar network. The SDF, under his and other leaders' guidance, is focused on expanding real-world asset tokenization and aims to power $3 billion in real-world asset value on-chain by the end of 2025.

Beyond Stellar, McCaleb is also known for founding the aerospace company Vast, which is developing artificial gravity space stations; he currently serves as Vast’s chairman and sole funder. According to Forbes, McCaleb’s net worth is estimated at $2.9 billion as of April 2025.

In summary, Jed McCaleb is still deeply engaged with Stellar’s ongoing mission of financial inclusion and blockchain innovation, while also pursuing ambitious projects in the space industry.

https://www.vastspace.com/
...

post photo preview
Musk Turns On Starlink to Save Iranians from Regime’s Internet Crackdown

Elon Musk, the world’s richest man and a visionary behind SpaceX, has flipped the switch on Starlink, delivering internet to Iranians amid a brutal regime crackdown.

This move comes on the heels of Israeli strikes targeting Iran’s nuclear facilities, as the Islamic Republic cuts off online access.

The former Department of Government Efficiency chief activated Starlink satellite internet service for Iranians on Saturday following the Islamic Republic's decision to impose nationwide internet restrictions.

As the Jerusalem Post reports, that the Islamic Republic’s Communications Ministry announced the move, stating, "In view of the special conditions of the country, temporary restrictions have been imposed on the country’s internet."

This action followed a series of Israeli attacks on Iranian targets.

Starlink, a SpaceX-developed satellite constellation, provides high-speed internet to regions with limited connectivity, such as remote areas or conflict zones.

Elizabeth MacDonald, a Fox News contributor, highlighted its impact, noting, "Elon Musk turning on Starlink for Iran in 2022 was a game changer. Starlink connects directly to SpaceX satellites, bypassing Iran’s ground infrastructure. That means even during government-imposed shutdowns or censorship, users can still get online, and reportedly more than 100,000 inside Iran are doing that."

During the 2022 "Woman, Life, Freedom" protests, Starlink enabled Iranians to communicate and share footage globally despite network blackouts," she added.

MacDonald also mentioned ongoing tests of "direct-to-cell" capabilities, which could allow smartphone connections without a dish, potentially expanding access and supporting free expression and protest coordination.

Musk confirmed the activation, noting on Saturday, "The beams are on."

This follows the regime’s internet shutdowns, which were triggered by Israeli military actions.

Adding to the tension, Israeli Prime Minister Benjamin Netanyahu addressed the Iranian people on Friday, urging resistance against the regime.

"Israel's fight is not against the Iranian people. Our fight is against the murderous Islamic regime that oppresses and impoverishes you,” he said.

Meanwhile, Reza Pahlavi, the exiled son of Iran’s last monarch, called on military and security forces to abandon the regime, accusing Supreme Leader Ayatollah Ali Khamenei in a Persian-language social media post of forcing Iranians into an unwanted war.

Starlink has been a beacon in other crises. Beyond Iran, Musk has leveraged Starlink to assist people during natural disasters and conflicts.

In the wake of hurricanes and earthquakes, Starlink has provided critical internet access to affected communities, enabling emergency communications and coordination.

Similarly, during the Ukraine-Russia conflict, Musk activated Starlink to support Ukrainian forces and civilians, ensuring they could maintain contact and access vital information under dire circumstances.

The genius entrepreneur, is throwing a lifeline to the oppressed in Iran, and the libs can’t stand it.

Conservative talk show host Mark Levin praised Musk’s action, reposting a message stating that Starlink would "reconnect the Iranian people with the internet and put the final nail in the coffin of the Iranian regime."

"God bless you, Elon. The Starlink beams are on in Iran!" Levin wrote.

Musk, who recently stepped down from leading the DOGE in the Trump administration, has apologized to President Trump for past criticisms, including his stance on the One Big Beautiful Bill.

Source

🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

Your generosity keeps this mission alive, for all! Namasté 🙏 Crypto Michael ⚡  The Dinarian

Read full Article
post photo preview
GENIUS Act lets State banks conduct some business nationwide. Regulators object

The Senate passed the GENIUS Act for stablecoins last week, but significant work remains before it becomes law. The House has a different bill, the STABLE Act, with notable differences that must be reconciled. State banking regulators have raised strong objections to a provision in the GENIUS Act that would allow state banks to operate nationwide without authorization from host states or a federal regulator.

The controversial clause permits a state bank with a regulated stablecoin subsidiary to provide money transmitter and custodial services in any other state. While host states can impose consumer protection laws, they cannot require the usual authorization and oversight typically needed for out-of-state banking operations.

The Conference of State Bank Supervisors welcomed some changes in the GENIUS Act but remains adamantly opposed to this particular provision. In a statement, CSBS said:

“Critical changes must be made during House consideration of the legislation to prevent unintended consequences and further mitigate financial stability risks. CSBS remains concerned with the dramatic and unsupported expansion of the authority of uninsured banks to conduct money transmission or custody activities nationwide without the approval or oversight of host state supervisors (Sec. 16(d)).”

The National Conference of State Legislatures expressed similar concerns in early June, stating:

“We urge you to oppose Section 16(d) and support state authority to regulate financial services in a manner that reflects local conditions, priorities and risk tolerances. Preserving the dual banking system and respecting state autonomy is essential to the safety, soundness and diversity of our nation’s financial sector.”

Evolution of nationwide authorization

Section 16 addresses several issues beyond stablecoins, including preventing a recurrence of the SEC’s SAB 121, which forced crypto assets held in custody onto balance sheets. However, the nationwide authorization subsection was added after the legislation cleared the Senate Banking Committee, with two significant modifications since then.

Originally, the provision applied only to special bank charters like Wyoming’s Special Purpose Depository Institutions or Connecticut’s Innovation Banks. Examples include crypto-focused Custodia Bank and crypto exchange Kraken in Wyoming, plus traditional finance player Fnality US in Connecticut. Recently the scope was expanded to cover most state chartered banks with stablecoin subsidiaries, possibly due to concerns about competitive advantages.

Simultaneously, the clause was substantially tightened. The initial version allowed state chartered banks to provide money transmission and custody services nationwide for any type of asset, which would include cryptocurrencies. Now these activities can only be conducted by the stablecoin subsidiary, and while Section 16(d) doesn’t explicitly limit services to stablecoins, the GENIUS Act currently restricts issuers to stablecoin related activities.

However, the House STABLE Act takes a more permissive approach, allowing regulators to decide which non-stablecoin activities are permitted. If the House version prevails in reconciliation, it could result in a significant expansion of allowed nationwide banking activities beyond stablecoins.

Is it that bad?

As originally drafted, the clause seemed overly permissive.

The amended clause makes sense for stablecoin issuers. They want to have a single regulator and be able to provide the stablecoin services throughout the United States. But it also leans into the perception outside of crypto that this is just another form of regulatory arbitrage.

The controversy over Section 16(d) reflects concerns about creating a regulatory gap that allows banks to operate interstate without the oversight typically required from either federal or state authorities. As the two Congressional chambers work toward reconciliation, lawmakers must decide whether stablecoin legislation should include provisions that effectively reduce traditional banking oversight requirements.

Source

🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

Your generosity keeps this mission alive, for all! Namasté 🙏 Crypto Michael ⚡  The Dinarian

Read full Article
post photo preview
Dubai regulator VARA classifies RWA issuance as licensed activity
Virtual Asset Regulatory Authority (VARA) leads global regulatory framework - makes RWA issuance licensed activity in Dubai.

Real-world assets (RWAs) issuance is now licensed activity in Dubai.

~ Actual law.
~ Not a legal gray zone.
~ Not a whitepaper fantasy.

RWA issuance and listing on secondary markets is defined under binding crypto regulation.

It’s execution by Dubai.

Irina Heaver explained:

“RWA issuance is no longer theoretical. It’s now a regulatory reality.”

VARA defined:

- RWAs are classified as Asset-Referenced Virtual Assets (ARVAs)

- Secondary market trading is permitted under VARA license

- Issuers need capital, audits, and legal disclosures

- Regulated broker-dealers and exchanges can now onboard and trade them

This closes the gap that killed STOs in 2018.

No more tokenization without venues.
No more assets without liquidity.

UAE is doing what Switzerland, Singapore, and Europe still haven’t:

Creating enforceable frameworks for RWA tokenization that actually work.

Matthew White, CEO of VARA, said it perfectly:

“Tokenization will redefine global finance in 2025.”

He’s not exaggerating.

$500B+ market predicted next year.

And the UAE just gave it legal rails.

~Real estate.
~Private credit.
~Shariah-compliant products.

Everything is in play.

This is how you turn hype into infrastructure.

What Dubai is doing now is 3 years ahead of everyone else.

Founders, investors, ecosystem builders:

You want to build real-world assets onchain.

Don’t waste another year waiting for clarity.

Come to Dubai.

It’s already here.

 

Source

🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

Your generosity keeps this mission alive, for all! Namasté 🙏 Crypto Michael ⚡  The Dinarian

 

Read full Article
See More
Available on mobile and TV devices
google store google store app store app store
google store google store app tv store app tv store amazon store amazon store roku store roku store
Powered by Locals