CRYPTO ASSETS

"It's very early days, but we continue to believe that stablecoins and central bank digital currencies have the potential to play a meaningful role in the payments space, and we have a number of initiatives underway," Visa CEO Kelly revealed.

One of the founders of the hedge fund who used to work at Jane Street, is believed to be Sam Bankman-Frid ex-lover .

"Our holders have spoken. We're going to cut our supply and stop the mint to move forward with creating the best experience for an exclusive community," Porsche said in a tweet.

BlockFi lawyers previously said that the crypto lender's exposure to Alameda Research was valued at $671 million and an additional $355 million digital assets frozen in FTX.

The lawsuit was filed by Connecticut-based law firm Silver Golub & Teitell against Silbert and DCG "on behalf of individuals and entities who entered into digital asset lending agreements with Genesis Global Capital, LLC."

The issue between CZ and Sam Bankman-Fried dates back to November when the Binance CEO announced his exchange would slash all of its FTT tokens.

The said house was used by Bankman-Fried's lobbying team as a headquarters at the time when his political influence in Washington started growing.

The sudden surge in the price of FTX's native token FTT baffled many investors since FTX filed for bankruptcy in November 2022.

The report revealed that based on a court filing, U.S. prosecutors seized $700 million in assets from Bankman-Fried this month, mainly in the form of Robinhood stock.

The recent achievement, alongside its active community and use cases, could position the meme coin as a viable financial instrument.

Since the start of the new year, Bitcoin showcased an impressive price rally soaring from its previous price of below $17,000 to around $23,000 these days.

The Shiba Inu coin saw an uptrend since the start of this year, with investors placing their bets in the dog-themed altcoin to make a profit in anticipation of Shibarium's launch.

Aside from the poll, various social media influencers, content creators, developers and key personalities within the Shiba Inu ecosystem also pledged their support to Kusama.

Amid the FUD (Fear, Uncertainty, Doubt), Kusama thanked everyone and encouraged the Shib Army to move forward as a decentralized unit with Shibarium reorganization and strategy.

"Coinbase with its crypto platform and Borussia Dortmund in the sporting arena both stand for trust and responsibility," Daniel Seifert said.

Market intelligence platform Santiment, in a report last week, identified nine undervalued crypto assets in terms of short-term and long-term returns.

"I believe Bitcoin will outcompete all fiat currencies. But Bitcoin can, at the same time, live side by side with fiat," Prince Philip said.

"When this finally breaks through, we'll see a glorious god candle to $30,000," the crypto strategist said.

Genesis halted withdrawals on the $900 million Gemini Earn in November 2022

"FTX US was so f***ing solvent that it could absolutely [throw] 250 million dollars to a hat on the way to bankruptcy, [and] it's still solvent," Bankman-Fried said in November.

A former Shiba Inu Growth Breed member tweeted that the update could be a puzzle to solve and toyed with the possibility that Kusama may be teasing the release date of Shibarium.

"I don't think we are waving away or ruling out any discussion that will help improve the trade around the world," Saudi Arabia's finance minister said earlier tis week.

The company said Wednesday that the move was a "difficult decision" but was a part of a larger operational review that resulted in the shutdown of its operations in the region.

Since late last year, Genesis showed signs that it was struggling to stave off the negative impacts of the prolonged crypto winter that sent most crypto prices to their new lows.

"Cryptocurrency is a good idea on many levels and we believe it has a promising future, but this cannot come at great cost to the environment," Tesla said in May.

The Shiba Inu team described Shibarium as a powerful layer-2 blockchain and a "transitional evolution" to the current ecosystem.

DCG explained in a letter that the latest move was made to reduce operating expenses and preserve liquidity to stave off the impact of current market conditions.

The class action lawsuit came on the heels of Coinbase's announcement that it will reduce its global workforce by 20%.

The Shib Army has a lot to celebrate and look forward to this year, especially since Shibarium, the layer-2 scalability solution, is officially releasing this year.