shib

According to the official announcement, Gate Web3 BountyDrop has launched the Shib Owes You airdrop event. Users can enter the BountyDrop module through the "Events" page on Gate Web3 to participate in tasks. Among all participants who complete the tasks, 2,000 participants will be randomly selected to share 10,000,000 SOU.In addition, BountyDrop, the one-stop airdrop aggregation platform under Gate Web3, has officially launched its web version. Besides the app, users can now intuitively browse the introductions and interaction processes of popular airdrop projects on the PC side, achieving "mobile + computer" dual-end synchronization. The web version focuses on a large-screen interactive experience, making project details clear at a glance and interaction operations more precise; it also supports seamless connection with the Gate Wallet plugin, making on-chain interactions smoother and more efficient. With real-time task progress and reward center communication, users can flexibly switch devices and access the interaction page with one click without the need for KYC, quickly earning multiple rewards such as tokens, whitelist spots, and points, significantly enhancing airdrop hunting efficiency.Gate Web3 is an industry-leading multi-chain crypto wallet, connecting over 100 public chains, millions of assets, and tens of thousands of DApps, providing a professional-grade Web3 experience and optimal solutions for every Web3 need. BountyDrop is the exclusive earning activity section in the discovery page of Gate Web3, where users have the opportunity to win rewards or participate in a lottery for airdrop tokens by completing simple tasks.

According to on-chain analyst Yu Jin's monitoring, the largest holding address of SHIB transferred 46.9 billion SHIB to OKX 9 hours ago, worth 3.64 million USD.This address previously purchased 1 trillion SHIB using 37.8 ETH (approximately 13,700 USD) in 2020. The value of this holding peaked at 9.1 billion USD in 2021. Currently, this address still holds 966.84 trillion SHIB, accounting for 16.4% of the total supply, worth 726 million USD.

The world's first Chinese decentralized contract exchange, Sun Wukong, has recently added ICP, DASH, and SHIB USDT-based contract trading, supporting up to 20x leverage. According to official social media news, the platform's cumulative trading volume has exceeded 5.1 billion USDT, with over 60,000 cumulative users.On November 13, Sun Wukong held a community AMA themed "Sun Wukong Reserve Fund ------ Full On-chain Endorsement, Asset Transparency and Traceability," introducing users to the recently launched reserve fund mechanism. The platform's community spokesperson stated that through publicly transparent reserve fund proofs, the platform hopes every user can clearly see the secure endorsement of their assets on-chain. The reserve fund data is synchronized in real-time, automatically updated by on-chain contracts, and there are on-chain auditing institutions and community consensus verification mechanisms, allowing more independent nodes and community members to participate in the verification process of the reserve fund, further enhancing credibility.

Grayscale Investments has listed Shiba Inu as one of the cryptocurrencies that meet the listing requirements for a U.S. spot exchange-traded fund (ETF). Grayscale mentioned this in a recent blog post titled "Market Byte: Here Come the Altcoins." Following the launch of Bitcoin and Ethereum ETFs, Grayscale acknowledged that the process for launching similar ETF products for altcoins like Shiba Inu has been streamlined.The report indicates that the launch of the first Bitcoin spot exchange-traded product (ETP) took over a decade— from the initial proposal in 2013 to final approval in January 2024. However, the "Generic Listing Standards" (GLS) framework approved by the U.S. Securities and Exchange Commission (SEC) has now accelerated the launch of cryptocurrency exchange-traded products (ETPs).

ChainCatcher message, Cumberland has withdrawn 203.55B SHIB (approximately 2.17 million USD). In the past week, its total withdrawals include: 224,000 AVAX (approximately 5.25 million USD); 17,243 ETH (approximately 71.37 million USD); 102,000 LINK (approximately 880,000 USD); 892B PEPE (approximately 717 million USD); 203B SHIB (approximately 2.17 million USD); 220,000 UNI (approximately 1.48 million USD).

ChainCatcher message, @Shibburn posted on the X platform that the burning activity of the SHIB token has significantly increased in the past week, with its burn rate skyrocketing by 449.66%. According to statistics, a total of 71,297,136 $SHIB have been permanently removed in the past seven days.

ChainCatcher news, according to The Block, Shibarium developers stated that they are preparing to restart the Ethereum cross-chain bridge for the platform and are formulating a compensation plan to reimburse users who suffered losses due to an emergency shutdown triggered by a vulnerability earlier this month.The team's latest post-mortem analysis indicated that all validator keys have been rotated, over 100 ecosystem contracts have been migrated to secure wallets, and 4.6 million BONE tokens have been recovered from the attackers' contracts within days of the attack. According to a community update on September 17, the attackers stole approximately $4.1 million worth of ETH, SHIB, and 15 other tokens from the bridge. Shortly after the attack was discovered, Shibarium developer Kaal Dhairya stated on X that they had contacted the relevant authorities, but the team was willing to engage in "good faith" negotiations with the attackers, offering a reward of 50 ETH, which was worth about $225,000 at the time, if the stolen funds were returned.

ChainCatcher message, the cross-chain bridge Shibarium connecting the Layer2 network Shibarium with Ethereum was previously attacked by a flash loan, resulting in approximately $2.4 million worth of ETH and SHIB being stolen. Currently, Shibarium has released a security incident update, which states:Specific bridging operations have been restricted to prevent new unauthorized transactions;Upgraded and restricted paths that could be abused (deposit/withdrawal/claim/reward), and added targeted defensive controls to prevent abuse of delegated staking;Restored and protected BONE at risk held by staking managers, with short-term BONE staking by attackers being intervened and effectively limited by protocol mechanisms;Rotated validator signers, migrating contract control to multi-party hardware custody; continuing extensive migration from legacy keys;Real-time monitoring of attacker traffic; automatically alerting partners and exchanges and reporting;Engaged independent security researchers, incident response companies, and relevant departments.

ChainCatcher news, according to The Block, the Shibarium cross-chain bridge connecting Layer 2 networks and Ethereum was hacked, resulting in a loss of $2.4 million. The developers have suspended staking, unstaking, and related processes to rotate and protect the validator keys.The attacker borrowed 4.6 million BONE tokens (the governance token of Shibarium) through a flash loan and seemingly obtained 10 out of 12 validator signing keys used to secure the network, thereby gaining a two-thirds majority. The attacker then exploited their privileged position to steal approximately 224.57 ETH and 92.6 billion SHIB from the Shibarium bridge contract and transferred these funds to their own address. At current prices, these funds are worth about $2.4 million.In response to the attack, Shiba Inu developers suspended staking and unstaking functions on the network, effectively freezing the borrowed BONE tokens (which have already been affected by unstaking delays) and causing the attacker to lose majority control. The attacker also acquired a large amount of K9 (KNINE) tokens (related to K9 Finance), valued at about $700,000. When the attacker attempted to sell KNINE, the K9 Finance DAO intervened and blacklisted the attacker's address, preventing the sale of these tokens.

ChainCatcher news, according to Jinshi Data, Pepperstone's Chris Weston pointed out that the resignation of Japanese Prime Minister Shigeru Ishiba shifts the focus to his successor and what this might mean for political stability. The market will weigh the extent of additional fiscal measures and budgets under the new leadership. "The degree of fiscal stimulus is crucial for controlling the rise of long-term Japanese government bonds."He stated that these developments could be seen as another reason to delay the Bank of Japan's next 25 basis point rate hike until 2026. This expectation has already been reflected in the market, with swap traders anticipating only a 12 basis point hike by December. Weston noted that this is another reason why few are willing to hold the yen at present. He expects the yen's weakness in the Asian market to become widespread.

ChainCatcher News, Japanese Prime Minister and Liberal Democratic Party President Shigeru Ishiba held an emergency press conference at the Prime Minister's official residence, announcing his decision to resign from the position of LDP president. According to a report by the Japan Broadcasting Corporation earlier that day, Ishiba has decided to resign as Prime Minister, and he is expected to formally announce his resignation at the press conference.Shigeru Ishiba was elected LDP president in September last year, with his term set to end in September 2027. In the House of Representatives election held in October last year, the ruling coalition formed by the LDP and Komeito lost its majority. In the House of Councillors election held in July this year, the ruling coalition also lost its majority. The LDP held a full meeting of both houses of parliament on the 2nd of this month to summarize the reasons for the defeat in the July House of Councillors election. Ishiba apologized for the electoral defeat at the meeting and stated that he had no intention of clinging to the position of Prime Minister and would make an appropriate decision at the right time.

ChainCatcher news, according to Japan Broadcasting Corporation (NHK), before the Liberal Democratic Party decides on whether to hold an extraordinary presidential election on the 8th, Japanese Prime Minister Shigeru Ishiba decided to resign, citing "reluctance to cause division within the party." Shigeru Ishiba will hold a press conference at 5 PM Beijing time to address this.

ChainCatcher news, according to Onchain Lens monitoring, a newly created wallet withdrew approximately $4.2 million worth of tokens from Binance, including 80,126 LINK, worth about $1.46 million; 110.34 billion SHIB, worth about $1.45 million; 3.44 million MATIC, worth about $762,000; and 142.62 ETH, worth about $552,000.

ChainCatcher News: Japanese Prime Minister Shigeru Ishiba stated to the media today (July 23) that reports from Japanese media about his resignation are "completely unfounded."Ishiba mentioned that he has just concluded meetings with senior LDP advisor Taro Aso, former Prime Minister Yoshihide Suga, and Fumio Kishida, and that the "issue of resignation was not discussed." Reports regarding his intention to resign are entirely untrue.Ishiba reiterated that he will remain in office and continue to govern. U.S. financial media analyst Justin Low commented that Ishiba has not formally acknowledged his defeat, but it seems that his fate is already sealed. The ruling Liberal Democratic Party of Japan will hold an internal meeting on July 31, which is expected to be Ishiba's last straw. The sentiment in Japan's asset markets is clearly mixed, with the stock market rising, bond markets selling off, and the yen fluctuating as it attempts to balance the impacts of trade news and political uncertainty. (Jin Shi)

ChainCatcher news, according to Japan's "Daily News," Japanese Prime Minister Shigeru Ishiba has indicated to those around him that he will announce his intention to resign by the end of August, based on the results of the House of Councillors election summarized by the Liberal Democratic Party in August. It is reported that Ishiba plans to hold talks on the same day with the LDP's chief advisor Taro Aso, LDP Vice President Yoshihide Suga, and former Prime Minister Fumio Kishida to discuss his personal future.After the disastrous defeat in the House of Councillors election, Ishiba immediately expressed his intention to remain in office, but he is currently facing increasing calls for resignation and criticism within the party, and the timing of his final decision may still change. In addition to local organizations demanding the Prime Minister's resignation and party reform, some core and younger members have proposed convening the "Joint Meeting of Members of Both Houses," a decision-making body second only to the party congress, to call for an early election vote.As a result, the Nikkei 225 index expanded its gains, rising above 41,000 points, with an intraday increase of over 3%. The USD/JPY exchange rate briefly rose by 60 points, reaching 147, with a high of 147.14, an intraday increase of 0.26%.

ChainCatcher news, according to Japan's Asahi Shimbun on Tuesday, the ruling coalition in Japan may lose its majority seats in the House of Councillors election on July 20, which will exacerbate the risk of political instability as Japan strives to reach a trade agreement with the United States. The ruling Liberal Democratic Party (LDP) led by Prime Minister Shigeru Ishiba and its coalition partner Komeito are expected to win about 35 seats in Sunday’s election, below the 50 seats the LDP must retain to defend its majority.The report is based on telephone and online surveys conducted with voters from July 13 to 14, as well as nationwide surveys conducted by the reporter. Due to rising living costs, including a surge in the price of rice, a staple food in Japan, the support rate for the Ishiba government has declined. (Jin Shi)

ChainCatcher news, according to Zhitong Finance, the company has noticed a recent high level of attention in the market regarding the concept of stablecoins. After a self-examination, the company confirms that it is currently not engaged in any stablecoin-related business, and the Shibei High-tech Park operated by the company is also not involved in the stablecoin industry.The company holds shares in Pujiang Shulian and Shufake, with a 6% stake in Pujiang Shulian and a 2.56% stake in Shufake. The company's investment in the aforementioned two affiliated enterprises is relatively low, and it does not participate in the daily operations and management of these two companies, which will not have a significant impact on the company's operating performance.

ChainCatcher News, Japanese Prime Minister Shigeru Ishiba stated that Japan and the United States have engaged in difficult negotiations regarding tariffs, and they have not yet reached an agreement, as Japan believes it should not make concessions easily.Ishiba expressed regret over the United States' announcement of increased tariffs and pointed out that through past negotiations with the U.S., Japan successfully avoided tariffs rising to 30% to 35%. The U.S. has proposed to continue discussions until the new deadline of August 1.Ishiba emphasized that Japan will continue to maintain dialogue with the United States in seeking a mutually beneficial agreement.

ChainCatcher News, Japanese Prime Minister Shigeru Ishiba said on Wednesday that he plans to use surpluses from tax revenue, non-tax income, and unspent budgets to fund cash payments aimed at helping families cope with rising prices.Ahead of the crucial Senate elections on July 20, Ishiba stated during a public debate with opposition party leaders, "We expect additional tax revenue to reach 15 trillion to 20 trillion yen, and non-tax income to approach 10 trillion yen." On Wednesday, Japan's Ministry of Finance announced that due to strong corporate profits and rising inflation, tax revenue for the previous fiscal year ending in March hit a record high for the fifth consecutive year.