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Pakistan’s Crypto Regulator Invites Global Firms to Apply for Local Licenses

Zabi
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Pakistan’s Crypto Regulator Invites Global Firms to Apply for Local Licenses

Pakistan has formally invited international cryptocurrency companies to enter its domestic market by applying for official licenses. 

The move marks a significant step in the country’s efforts to regulate and expand its growing digital asset ecosystem. The Pakistan Virtual Assets Regulatory Authority (PVARA) will oversee the licensing process.

Notably, PVARA launched in July under the Virtual Assets Ordinance. It is the nation’s first dedicated regulator for virtual assets. The establishment marks a shift toward structured oversight of crypto assets and blockchain-based services.

Invitation to Global Players

In a statement, the finance ministry encouraged global crypto firms to apply for approval if they are already regulated in major jurisdictions such as the United States, the European Union, or Singapore. The ministry emphasized that the measure aims to ensure only established and compliant companies are allowed to serve local users.

Under the new framework, no crypto firm will be allowed to operate without a license. Licensed companies will need to meet capital thresholds, implement robust cybersecurity systems, and adopt strong compliance programs.

Sharia Compliance Requirement

Moreover, the government has mandated that all services must comply with Sharia principles. A dedicated committee of Islamic finance scholars will oversee compliance, ensuring adherence to these standards. This measure seeks to harmonize global cryptocurrency practices with local cultural and religious values.

Application and Licensing Conditions

Firms applying for licenses must share detailed documentation with regulators. This includes existing international licenses, descriptions of operations, technology frameworks, and records of security and compliance performance. Applicants must also present clear business plans outlining how they will responsibly serve Pakistani users.

Bilal bin Saqib, PVARA’s chairman and Minister of State for Crypto and Blockchain, said the program reflects Pakistan’s ambition to modernize its financial system.

“We welcome the world’s leading VASPs to join us in building a transparent and inclusive digital future,” he said.

Expanding Crypto Adoption in Pakistan

Meanwhile, Pakistan is positioning itself as a major player in the global crypto economy. According to government estimates, the country already has more than 40 million active crypto users. The finance ministry claims annual trading volumes now exceed $300 billion. Officials describe this as one of the most dynamic emerging opportunities in the global digital asset space.

The country has also taken other steps to embrace digital finance. A national crypto council has been established, with Binance co-founder Changpeng “CZ” Zhao among its members. Policymakers are studying plans to expand Bitcoin mining capacity, while discussions are ongoing about creating a government-managed strategic Bitcoin reserve.

Cardano Founder Reacts as Ethereum Unveils New Privacy Roadmap

Lele Jima
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Cardano Founder Reacts as Ethereum Unveils New Privacy Roadmap

Cardano founder Charles Hoskinson has sparked debate within the crypto community following his response to Ethereum’s recently unveiled privacy initiative. 

Over the weekend, the Ethereum Foundation unveiled an ambitious roadmap to introduce end-to-end privacy features to the network. 

Ethereum New Privacy Push 

A core part of this initiative involves rebranding the network’s existing Privacy & Scaling Exploration initiative as Privacy Steward of Ethereum (PSE). 

Notably, the Ethereum Foundation laid out several near-term goals it aims to achieve through the newly rebranded PSE. Over the next 3-6 months, PSE will focus on developing privacy-focused L2 network PlasmaFold to enable private transfers, along with tools for confidential voting and enhanced privacy in decentralized finance (DeFi) applications. 

It also plans to address data exposure in RPC services and develop private identity solutions using zero-knowledge proofs.

The development comes at a time when the U.S. is exploring proposals to embed government identity checks directly into smart contracts. However, the crypto community kicked against the proposal, with Ethereum’s co-founder Vitalik Buterin referring to privacy as a core human right. 

Cardano Founder Reacts 

Meanwhile, Charles Hoskinson took to X to react to Ethereum’s newly proposed privacy initiative. In a post yesterday, the Cardano founder shared a popular meme GIF of Christian Bale nodding in apparent agreement with Kermit the Frog.

This suggests that Hoskinson acknowledges and likely agrees with Ethereum’s new privacy initiative. It is worth noting that Cardano has consistently framed privacy and security as the core pillars of its blockchain development. 

Cardano Privacy Initiatives

Since its launch in 2017, the Cardano team has researched and implemented several zero-knowledge technologies over the years. This has given rise to several privacy-focused initiatives on Cardano, most notably Midnight, a layer-2 blockchain that prioritizes privacy. 

Specifically, Midnight is designed to protect users’ data by verifying transactions using advanced zero-knowledge proofs. Interestingly, the Cardano founder has recently hinted at plans to launch a privacy-focused stablecoin on the network, aiming to keep users’ transactions confidential. 

It is worth noting that Hoskinson was involved in the early development of Ethereum. While Ethereum commands a larger developer base and market share, Hoskinson has consistently positioned Cardano as the more research-driven project committed to long-term sustainability. 

Here How High XRP Could Reach If XRP is Added to Every Appropriate U.S. ETF Basket by 2035

Sam Wisdom Raphael
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Here How High XRP Could Reach If XRP is Added to Every Appropriate U.S. ETF Basket by 2035

Should XRP gain inclusion into every appropriate ETF basket in the U.S. by 2035, what impact could the capital inflows have on its price?

Notably, the U.S. exchange-traded fund (ETF) market has continued to grow, attracting trillions of dollars from both institutional and retail investors. According to a June 2025 report from LSEG (formerly Refinitiv), the industry managed more than $10 trillion in assets by May 2025. 

US ETF Market Seeing Rapid Growth

Of this figure, equity ETFs held the largest share with over $8.6 trillion, while bond ETFs controlled close to $2 trillion. Meanwhile, commodities, alternatives, mixed assets, and money market ETFs made up the rest. 

In addition, the market listed 4,245 ETFs, with nearly 800 of them managing more than $1 billion each and accounting for more than 95% of total assets.

This growth has been due to increasing investor interest in ETFs. State Street found that in 2024 alone, over 900 new ETFs launched in North America, with about three-quarters of them built on active strategies. Interestingly, these products drew inflows of more than $330 billion.

Notably, ETF baskets, which refer to collections of different assets in a fund, have also taken center stage.  

Since the 2019 ETF rule allowed custom baskets, their role has grown even more important. The change boosted liquidity, especially in bond ETFs, while also introducing challenges such as wider tracking errors. 

XRP Price if It Enters Every Appropriate US ETF Basket

Meanwhile, amid the expansion of the U.S. ETF market, XRP is eyeing an entrance. Specifically, several issuers, including Canary Capital, WisdomTree, and Bitwise, have applied to launch spot XRP ETFs in the U.S., with decisions expected in October 2025. 

If approved, XRP would officially join the ETF space, a move that analysts believe could drive fresh institutional interest and strengthen its price. However, what happens if XRP takes things even further in the years ahead? 

We considered the possible impact on XRP price by 2035 if it secured inclusion in every appropriate ETF basket in the U.S. However, since this scenario is difficult to measure, we turned to Grok, the AI chatbot from xAI, for an assessment.

In its evaluation, Grok explained that inclusion across ETF baskets could lead to major bullish momentum. The chatbot argued that such a move would boost liquidity, widen market access, and drive strong institutional adoption.

According to Grok, if XRP attracts even a share of the capital inflows that Bitcoin ETFs captured, demand from both institutions and retail investors could rise massively. Grok added that XRP’s utility in cross-border payments, Ripple’s growing global partnerships, and regulatory recognition would support it as a mainstream financial asset.

In this situation, Grok estimated XRP’s price could rise to between $50 and $100 by 2035. Remarkably, this range would push its market cap into the $3 trillion to $6 trillion bracket. Nonetheless, Grok said this outcome depends on favorable regulation, stronger financial integration of XRP, and a supportive crypto market overall.

XRP Price if It Secures Enters US ETF Baskets Grok
XRP Price if It Secures Enters US ETF Baskets Grok

Here’s Why Real Estate Could Be The Key to Unlocking XRP Next Big Rally

Mark Brennan
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Here’s Why Real Estate Could Be The Key to Unlocking XRP Next Big Rally

As talks around XRP future price continue, one crypto commentator believes the next major catalyst won’t be banks or cross-border payments—but real estate.

Armando Pantoja, a widely followed voice in the crypto space, recently shared his insights on how real estate tokenization could unlock trillions in value. At the center of it all, he sees XRP positioned to benefit massively.

Real Estate Enters the Blockchain Era

Pantoja noted that governments and institutions are already taking steps to bring real estate onto blockchain networks. In May, Bergen County, a wealthy New Jersey suburb of NYC, announced it would move 370,000 property deeds, worth $240 billion, onto the Avalanche blockchain. This marks the largest U.S. property deed tokenization project to date.

He added that governments are typically slow to adopt emerging technologies, so this move is a significant signal. While the Bergen project uses Avalanche, Pantoja sees the broader government adoption of blockchain itself as a promising sign for the XRP Ledger’s future.

BlackRock and the Tokenization of Trillions

Meanwhile, the trend is not limited to state governments. Financial giants like BlackRock are already entering the space. Commentators suggest the firm is working to tokenize trillions of dollars in assets.

Pantoja also highlighted a specific example in Texas, where a $235,000 home in McAllen was fractionalized and sold to 38 investors via NFTs. In total, $246,000 was raised from 30 everyday investors, 15 of whom had never used crypto before.

Notably, these investors now earn weekly rent in USDC and can sell their shares on the platform. Essentially, it no longer requires being a millionaire to invest in real estate—just a smartphone and a crypto wallet.

This case demonstrates how blockchain and tokenization are making real estate investment more accessible, particularly to younger or first-time investors.

So, Where Does XRP Fit Into All of This?

The XRP Ledger is already in use in places like Dubai, where title deeds are now issued on-chain. Pantoja envisions a future where real estate trades like stocks—instantly and globally.

“Buying property today is slow, expensive, and inefficient,” he said. “Every country has different systems, and paperwork is incredibly illiquid. Blockchain changes that.”

By acting as a bridge for tokenized real-world assets, XRP could unlock liquidity in the world’s largest asset class—real estate. Notably, Ripple has published a report that estimated that tokenized value could reach $18 trillion by 2033.

Ripple’s Strategic Positioning

With this outlook, Ripple is already working alongside regulators, governments, and banks to support this transformation. For example, Ripple has partnered with the Blockchain Association of Singapore to take a leadership role in asset tokenization.

Ripple views institutional-grade custody as the foundation for this shift, emphasizing five key pillars. Specifically, they include regulatory compliance, flexible models, operational resilience, strong governance, and support for stablecoin scaling.

To Pantoja, the groundwork is set for XRP to serve as the backbone of this emerging real estate economy.

How XRP Price Could React

According to analyst Brad Kimes, XRP could soar to $189 by 2033 if Ripple successfully taps into the projected $18.9 trillion tokenization market. His forecast outlines a path to $10.40 by 2026, $54 by 2029, and $189 by 2033.

Here’s How High Shiba Inu Could Climb in 10 to 20 Years

Lele Jima
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Here’s How High Shiba Inu Could Climb in 10 to 20 Years

Shiba Inu’s renewed rally has revived market confidence in the asset, with several entities forecasting a remarkable surge over the next few years. 

Shiba Inu is showing signs of fresh momentum, with the token climbing above $0.000014 for the first time since August 14. The rally has also lifted SHIB’s position in the global cryptocurrency rankings, moving it from 23rd place to 22nd. 

Toncoin (TON), which had recently displaced SHIB from the spot a few weeks ago, now trails closely behind. However, SHIB’s hold on the position remains fragile, with its market cap currently at $8.31 billion compared to TON’s $8.29 billion. 

Shiba Inu is now 22nd biggest cryptocurrency
Shiba Inu is now 22nd biggest cryptocurrency

At the moment, Shiba Inu’s performance in recent times has been impressive. The asset has spiked 5.58% over the past 24 hours and 14.72% over the past week. Its bullish performance has reignited investors’ confidence in the asset, with many speculating about the asset’s long-term price potential. 

Shiba Inu 2035 – 2045 Price Targets 

As a result, we explored how high Shiba Inu could reach in the 2035-2045 timeframe, exactly 10 to 20 years from now. This analysis referenced predictions from multiple entities, including Telegaon and ChatGPT. 

2035 Price Prediction 

By 2035, precisely ten years from now, the cryptocurrency market is expected to have undergone several developments in various aspects, including regulation and adoption. Notably, the market would have undergone two additional Bitcoin halvings, an event that usually results in a significant uptick in crypto prices. 

Notably, leading prediction platform Telegaon forecasts that Shiba Inu’s price would range between $0.000421 and $0.000516. From the current price of $0.00001411, Shiba Inu must rally 3,556% to reach the 2035 maximum target of $ 0.000516. 

Despite the massive growth requirement, Telegaon speculates that the prediction is attainable so long as Shiba Inu continues its upward rally. 

On the other hand, the popular AI model ChatGPT estimates SHIB’s prospects in 2035 under moderate and bullish scenarios. For the moderate estimate, ChatGPT forecasts that Shiba Inu’s price could range from $0.0001 to $0.0005 by 2035, potentially driven by several factors, including moderate supply reduction and steady growth. 

However, the chatbot sets Shiba Inu’s bullish targets for 2035 between $0.001 and $0.005, representing gains of 6,987% to 35,335% from current levels. The catalysts supporting the bullish prediction include aggressive burn, SHIB’s potential as a major utility token, and its global adoption. 

2045 Prediction 

By 2045—precisely 20 years from now—the crypto market is expected to undergo further transformations, including three additional Bitcoin halving events after 2035. A lot is also expected in terms of crypto regulation and SHIB burns. 

While prediction platforms like Changelly and Telegaon did not predict Shiba Inu’s price by 2045, ChatGPT speculated that the token could be more valuable by then. The AI model predicts moderate targets in the range of $0.0005 to $0.002, implying a potential surge of 3,433% to 14,074% from the current price. 

Interestingly, the chatbot pegs its 2045 bullish targets for Shiba Inu at $0.01 – $0.05+. Reaching the ambitious target of $0.05 demands a surge of 354,256% from where Shiba Inu currently trades. 

One major factor supporting this prediction is the expectation that SHIB will have a tightened supply, potentially driven by aggressive burns. 

Shiba Inu 2035 and 2045 Predictions
Shiba Inu 2035 and 2045 Predictions

Expert Predicts Explosive XRP Price For October 2025

Sam Wisdom Raphael
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Expert Predicts Explosive XRP Price For October 2025

A market technician has predicted when XRP could hit its top for the cycle, leveraging historical data around the Bitcoin halving.

Currently, XRP trades close to $3 as it struggles to lock in a solid base above this key level. While the price wavers in the short term, confidence in its long-term growth keeps improving. 

Most recently, market analyst Diana explained why XRP could engineer its strongest rally yet in the coming weeks, projecting a peak above $20 in October 2025.

Bitcoin and XRP Price Action After Bitcoin Halvings

Diana built her argument on past Bitcoin halving cycles and XRP’s history. Notably, she called attention to the 2017 run as the initial case of this pattern. Specifically, in this cycle, after Bitcoin halved on July 9, 2016, it surged for over a year and hit a top above $19,000 on Dec. 18, 2017, exactly 527 days later. 

Interestingly, XRP followed the same script but with a short delay, reaching its peak of $3.31 on Jan. 5, 2018, just 18 days after Bitcoin. Diana stressed that there was a pattern to these movements. Specifically, in this pattern, Bitcoin leads, and XRP erupts shortly afterward.

However, she then highlighted the 2021 cycle, which broke the rhythm for XRP. For context, Bitcoin halved on May 11, 2020, and hit its top of around $69,000 on Nov. 10, 2021, 548 days later. 

Nonetheless, XRP could not keep pace. Notably, the SEC lawsuit that struck in late 2020 forced exchanges to delist it and stunted its rally. Instead of peaking alongside Bitcoin, XRP hit its high of $1.96 in April 2021, seven months early. Diana described this as a lost cycle where XRP never had the chance to follow its natural path.

XRP Now in a Better Position

Meanwhile, she argues that the stage has completely changed for 2025. The SEC case confirmed in July 2023 that XRP is not a security, lifting the cloud that had held XRP back. 

U.S. exchanges reopened trading, and Ripple now continues to scale with products like RLUSD and new payment corridors. In addition, multiple ETF filings have emerged. She believes these developments have removed the impediments that kept XRP from reaching its full potential.

Possible XRP Cycle Top in October 2025

Considering this, and with the latest Bitcoin halving on April 20, 2024, she applied the same 527-day stretch from 2017. This lands Bitcoin’s likely peak on Sept. 29, 2025. Meanwhile, adding the familiar 18-day lag suggests XRP could top on Oct. 17, 2025. Diana stressed that this alignment could set up the perfect storm for XRP’s breakout.

Bitcoin and XRP Price Action Following Halving Diana
Bitcoin and XRP Price Action Following Halving | Diana

She then presented three possible price outcomes. In a modest scenario, XRP could ride Bitcoin’s momentum to between $5 and $7. In her base case, which assumes ETF inflows and a stronger utility narrative, she expects a range of $10 to $15. If institutional liquidity pours in and triggers a blowoff rally, she sees XRP breaking past $20.

Speaking further, Diana highlighted that the biggest difference between 2017 and 2025 is maturity. Notably, the earlier run relied almost entirely on retail speculation, but the current setup involves regulatory clarity, Ripple’s expanding stablecoin efforts, growing ETF interest, and real-world adoption.

Expert Says XRP Price Still Formulating, But $1,000 by 2030 Remains Intact

Abdulkarim Abdulwahab
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Expert Says XRP Price Still Formulating, But $1,000 by 2030 Remains Intact

The founders of EasyA, Dom and Phil Kwok, recently joined host Tony Edward on the Thinking Crypto podcast to discuss XRP remarkable performance and its long-term potential.

During the conversation, Edward recalled their earlier bold forecast of $1,000 per XRP by 2030. This target continues to stir excitement across the XRP community.

Meanwhile, Dom Kwok clarified that the team is not ready to share a price prediction for the current market cycle, noting that the outlook is “still formulating.”

However, he noted that the long-term thesis remains intact, particularly as institutional adoption begins to reshape the market landscape.

Institutional Capital Ready to Flow

According to Dom Kwok, a major driver for the next phase of growth will be institutional investment. He highlighted that hedge funds and asset managers are actively exploring ways to deploy capital into tokens beyond Bitcoin and Ethereum.

“The legal teams inside these funds are now looking at how they can actually deploy capital into other tokens,” he said.

He stressed that legal approvals and updated investment mandates will be key. As these hurdles clear, significant new capital inflows could follow, creating a strong tailwind for XRP and other altcoins.

With the SEC lawsuit against Ripple effectively resolved, the regulatory overhang that once limited institutional participation has eased. This development positions XRP to gain mainstream attention on outlets like Bloomberg and CNBC, where discussions have traditionally centered on Bitcoin and Ethereum.

Developers Follow the Price Action

The Kwok brothers also highlighted the network effect that links price movement to developer activity. As token prices rise, developer interest naturally accelerates, creating a positive feedback loop.

“Price attracts attention, attention attracts developers. Developers then build applications, which attract more users, and that has many effects on the price,” Phil Kwok explained.

He added that DeFi applications and transaction fees can help reduce circulating supply, strengthening the value proposition.

456% Surge Shows Strong Momentum

XRP has already proven its resilience in the current bull cycle, rallying 456% since last year to trade at $3.14. This performance makes it the top-performing altcoin among the large-cap segment.

This surge has inspired a number of projects, ranging from staking services to new financial products designed to capitalize on the token’s momentum and its strong global community.

Dom Kwok noted that blockchains can’t ignore token price, as a weak or declining chart deters both users and developers. By contrast, XRP’s sustained uptrend continues to draw builders and investors, reinforcing its market position.

The Road to $1,000

While a concrete short-term target remains unannounced, the EasyA founders’ bold $1,000 price prediction for 2030 remains a rallying point for XRP enthusiasts. The price of XRP would need to soar 31,650% from $3.15 to reach $1,000.

As the Kwok brothers suggest, XRP’s trajectory could be shaped by powerful network effects and increasing real-world utility, as institutional investors prepare to diversify beyond Bitcoin and Ethereum, and developers flock to networks showing strong growth.

Meanwhile, other industry commentators have suggested that XRP may take longer than 2030 to reach the $1,000 mark. For instance, Matthew Brienen, Co-Founder of CryptoCharged, said the price outlook may materialize by 2035.

ChatGPT Projects XRP Price if Fidelity’s Bitcoin to $1B Prediction Plays Out

Sam Wisdom Raphael
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ChatGPT Projects XRP Price if Fidelity’s Bitcoin to $1B Prediction Plays Out

ChatGPT, OpenAI’s LLM chatbot, has predicted the XRP Price if Bitcoin claims the $1 billion target from one of Fidelity’s top executives.

For context, back in September 2021, Bitcoin was in the middle of a major bull run when Jurrien Timmer of Fidelity Investments made an ambitious projection. 

Fidelity Exec Predicts Bitcoin to $1B by 2038

Specifically, the Director of Global Macro said Bitcoin could reach $1 million before the decade ends and possibly climb to an unbelievable $1 billion by 2038. Timmer based his outlook on valuation tools, including the popular Stock-to-Flow model and his own demand model, which relies on Metcalfe’s Law.

Notably, Metcalfe’s Law suggests that a network’s value grows much faster than its number of users. If the number of participants doubles, the network’s value could increase fourfold. Using this principle, Timmer argued that Bitcoin’s value could grow steadily toward $1 million by 2030, leading to his longer-term $1 billion forecast.

Today, Bitcoin trades at around $116,000, up from $48,000 when Timmer made his prediction. This marks a 141% gain in just four years. 

If Bitcoin continues on this path and even comes close to the levels Timmer projected, the rest of the crypto market would almost certainly rally alongside it. In such a scenario, altcoins like XRP that have continued to follow Bitcoin’s trajectory would likely benefit.

Notably, when Timmer issued his forecast in 2021, XRP traded at $1.24. Today, XRP changes hands at $3.18, which represents a 156% jump, slightly higher than Bitcoin’s 141% increase within this timeframe.

Although XRP underperformed against Bitcoin between 2021 and 2024, it staged a massive rally starting in November 2024 that allowed it to catch up and even surpass Bitcoin’s percentage growth. Overall, both coins have increased in price since Timmer’s bold projection entered the spotlight.

ChatGPT Predicts XRP Price if Bitcoin Hits $1B

Meanwhile, to assess how XRP price might appreciate if Bitcoin ever reached $1 billion, we asked ChatGPT to carry out an evaluation.

The chatbot first identified the current price relationship between the two assets. Specifically, with Bitcoin at $116,000 and XRP at $3.18, one Bitcoin equals about 36,478 XRP. According to ChatGPT, if Bitcoin climbs to $1 billion while keeping this same ratio, XRP would trade near $27,000.

ChatGPT Predicts XRP Price if Bitcoin Hits $1B
ChatGPT Predicts XRP Price if Bitcoin Hits $1B

However, ChatGPT stressed that this ratio will almost certainly change over time. XRP could outperform if adoption of its payment and settlement features accelerates, or it could fall behind if Bitcoin maintains its dominance. 

Also, ChatGPT pointed out that XRP’s future depends heavily on real-world use, regulatory clarity, and how much market share altcoins take from Bitcoin. If XRP gains better adoption in global payments, it could shorten the gap with Bitcoin and see stronger growth.

ShibaSwap Just Leveled Up: Shiba Inu Ecosystem Announces New DEX Upgrade

Elendu Benedict
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ShibaSwap Just Leveled Up: Shiba Inu Ecosystem Announces New DEX Upgrade

The Shiba Inu ecosystem has announced a new upgrade for the ShibaSwap DEX, introducing enhanced user interaction and swap features.

For context, the official X account of the Shiba Inu ecosystem posted on Friday that ShibaSwap has “just leveled up.” For the uninitiated, ShibaSwap is the decentralized exchange of the Shiba Inu ecosystem, which allows users to swap and stake SHIB, LEASH, and other ERC-20 tokens.

Better ShibaSwap Interface and Utility

Notably, the new upgrade aimed to enhance the user experience on the DEX by improving its user interface (UI). The new look is modern and mobile-friendly, enabling users to make smarter selections of blockchains and tokens for trading.

New Look of the ShibaSwap DEX

Notably, the developer team also rolled out a fast or cheap swap smart routing option that allows users to choose their priorities while trading. The fast option analyzes multiple paths to provide the quickest transaction possible, while the cheap option focuses on giving users the most cost-effective means of transacting on ShibaSwap.

ShibaSwap Extends Support to Over 17 Blockchains

Adding to the glow-up, the upgrade introduces true cross-chain swaps, broadening the platform’s multi-chain use case. Shiba Inu marketing lead Lucie further discussed this function in a parallel tweet on Friday.

Specifically, ShibaSwap now allows users to swap tokens across over 17 networks, including Ethereum, Polygon, Base, BNB Chain, Arbitrum, Avalanche, and others, directly on the platform.

Furthermore, the upgrade introduced the “Positions” page, serving as the central command center for liquidity providers. This means that all liquidity pool positions, including V1 and advanced V2, are now on a single page, simplifying the process of adding and removing liquidity or collecting earnings.

Shiba Inu Building the Future of DeFi

Meanwhile, the upgrade adds to the Shiba Inu ecosystem’s focus on building the “future of DeFi.” The Shiba Inu team has committed to this course, rolling out upgrades and features designed to attract mainstream adoption.

The last ShibaSwap upgrade occurred in February, and since then, developers have been seeking ways to improve the user experience on the DEX further. Notably, the previous touch-up debuted a dashboard that showed users key metrics, such as liquidity, TVL, and trading volume, in real time.

Nonetheless, the Shiba Inu ecosystem remains committed to building, as lead visionary Shytoshi Kusama has often stressed. Many believe that Shiba Inu could potentially cancel more zeroes in its price if utility and adoption increase.

Someone Bought $1M of Shiba Inu’s BONE Token in One Transaction as Prices Rally 40%

Elendu Benedict
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Someone Bought $1M of Shiba Inu’s BONE Token in One Transaction as Prices Rally 40%

A remarkable transaction coincided with the Bone ShibaSwap rally, with an unknown user buying $1.3 million worth of the token.

Notably, SHIBMAXXI took to X (formerly Twitter) to call attention to this transaction. The Shiba Inu community enthusiast noted that while some sold for penny profits, a user accrued massive amounts of the Shiba Inu-native token.

Furthermore, this was bullish for BONE, as the buyer could be expecting the token to rise significantly above its current price. According to SHIBMAXXI, the token could reach $1, marking a 334% rally from the current market price of $0.23.

Massive $1.3M Bone ShibaSwap Transaction Catches the Eye

For context, a wallet indeed gulped millions of the Bone ShibaSwap token yesterday, according to Etherscan. Specifically, wallet address “0xe9B8” received 4.6 million BONE, worth approximately $1.08 million at the time, on Friday at 18:44 (UTC) from the Shiba Inu native decentralized exchange, ShibaSwap.

Interestingly, it did receive more. Data shows that it also amassed 900,000 BONE ($212,011) from the DEX almost immediately. Notably, the wallet was created the same day by an address tied to Union Chain, a zero-knowledge L2 blockchain.

BONE Token Transfer Etherscan
BONE Token Transfer/Etherscan

Remarkably, the wallet transferred all 5.5 million BONE almost instantaneously to another address, “0x6521,” with the transaction appearing more like a bot transaction. Notably, we identified the receiving address as a ShibaSwap StakeManager proxy, a ShibaSwap smart contract that manages staking and DeFi activities.

This means that the transaction may have been facilitated by the ShibaSwap StakeManager smart contract, possibly for staking purposes. It insinuates that the user could be staking BONE to become a validator on the Shiba Inu ecosystem.

BONE Token Soars

Meanwhile, BONE has gone parabolic in the past 24 hours, mirroring a broader market trend. It has rallied by over 40% in the past 24 hours, reaching $0.230 at the time of writing.

Notably, BONE surged to a high of $0.34 on Friday from its opening price of $0.165, marking a 106% rally. However, its price has receded from the high to its current market price.

The BONE token clearly outperformed other Shiba Inu ecosystem tokens, with its face-melting rally in the past 24 hours. Within the timeframe, SHIB grew by 5.5% to $0.00001412%, while Doge Killer (LEASH) declined by 1.2% to $22

Moreover, the rally has sparked positive sentiments around the BONE token with the Shiba Inu community screaming for higher prices. The Shiba Inu team also has a bullish outlook for BONE, suggesting recently that the governance token would benefit immensely from a possible Shiba Inu spot ETF launch.

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