Shiba Inu (SHIB) Price Surges as ShibaSwap Launches on Shibarium
OEIS Financial Fraud Private Investigator:
Shiba Inu (SHIB), the popular meme-inspired cryptocurrency, has experienced a surge in price, soaring by more than 8% as the Shiba Inu ecosystem celebrates a major milestone.
Shiba Inu (SHIB) has surged by more than 8% as ShibaSwap, the decentralized exchange (DEX) associated with the Shiba Inu ecosystem, is now hosted on Shibarium, Shiba Inu’s layer-2 scaling solution.
The move of ShibaSwap to Shibarium is expected to encourage an influx of developers into the ecosystem and boost the total transaction count on the L2 platform.
Increased transactions on the Shibarium blockchain will lead to a higher burn rate for the SHIB token, reducing its circulating supply and potentially impacting its price valuation.
The current price trend pegs the price of Shiba Inu at $0.00002549, beating the $0.000023 resistance point, with the potential to reclaim the $0.00003 mark.
The ShibaSwap upgrade offers new features such as a new dashboard, improved user experience, discovery charts for new and trending tokens, and an easier onboarding process for new tokens on the DEX.
The transition of ShibaSwap from Ethereum to Shibarium marks an important development for the Shiba Inu ecosystem.
With the DEX now operating on Shibarium, project innovators have a ready marketplace to host their projects, potentially encouraging an influx of developers into the ecosystem. This move is expected to further strengthen the already vibrant Shiba Inu community.
???? #ShibArmy the wait is finally over — ShibaSwap is coming home to Shibarium!
ShibaSwap is more than just an exchange; it’s where our community’s spirit meets innovation, where your community tokens not only exist but thrive pic.twitter.com/fVGEZjynIJ
One of the key benefits of ShibaSwap’s migration to Shibarium is the potential impact on the total transaction count on the L2 platform.
The daily transaction count on Shibarium has flattened out since at least April 20, but with more swaps taking place on the platform, this metric is likely to revive.
An increase in transactions could also contribute to the growth in the total number of SHIB tokens sent to burn addresses, effectively reducing the token’s circulating supply.
The Shiba Inu price revival can also be attributed to the realization of the impact of the DEX on staking within the Shibarium ecosystem.
As more users engage in staking and provide liquidity, the circulating supply of SHIB may be better controlled, potentially influencing the token’s price valuation over time.
The ShibaSwap upgrade brings a host of new features to the platform, including a new dashboard, improved user experience, discovery charts for new and trending tokens, and a streamlined onboarding process for new tokens on the DEX.
These enhancements are expected to attract more users and developers to the Shiba Inu ecosystem, further driving its growth and adoption.
Currently, the price of Shiba Inu stands at $0.00002549, having surpassed the $0.000023 resistance point that had been a crucial barrier for over a month.
With this breakthrough, the token may continue its upward trajectory and potentially reclaim the $0.00003 mark. While the token’s future outlook is supported by a confluence of fundamentals, the launch of ShibaSwap on Shibarium is likely to play a significant role in shaping its trajectory.
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all.
His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact Oliver@blockonomi.com
Examine the forefront of digital research in our Latest News & Blog. Study expert analyses, technological advancements, and key industry insights that keep you informed and prepared in the ever-evolving world of digital forensics.
NEW YORK — U.S. stocks coasted to the close of another winning week on Friday.
The S&P 500 rose 8.60 points, or 0.2%, to 5,222.68 to finish a third straight winning week following its mostly miserable April. It had been on pace for a bigger gain in the morning, but that mostly disappeared following a discouraging report on U.S. consumer sentiment.
The Dow Jones Industrial Average gained 125.08 points, or 0.3%, to 39,512.84, and the Nasdaq composite edged down by 5.40, or less than 0.1%, to 16,340.87.
The S&P 500 has climbed back within 0.6% of its record on revived hopes that the Federal Reserve may deliver cuts to interest rates this year. A flood of stronger-than-expected reports on profits from big U.S. companies has also helped support the market.
Gen Digital jumped 15.3% after reporting better profit for the first three months of 2024 than analysts expected. The cyber safety company, whose brands include Norton and LifeLock, also authorized a program to buy back up to $3 billion of its stock. It joined a lengthening list of companies announcing big such programs, which helps goose per-share earnings for investors.
Novavax nearly doubled and shot 98.7% higher after announcing a deal with Sanofi that could be worth more than $1.2 billion. The agreement includes a license to co-commercialize Novavax’s COVID-19 vaccine worldwide, with some exceptions. Novavax also reported a slightly smaller loss for the latest quarter than analysts expected.
They helped offset a drop of 11% for Akamai Technologies, which topped expectations for profit but fell short for revenue. The cloud-computing, security and content delivery company also gave some financial forecasts for the upcoming year that fell short of analysts’ expectations.
It said the strengthening of the U.S. dollar’s value against other currencies is slicing into its business, along with slowing traffic growth across the industry. That helped overshadow its own announcement of a program to buy back up to $2 billion of its stock.
In the bond market, Treasury yields rose following the discouraging preliminary report from the University of Michigan.
It suggested sentiment among U.S. consumers is weakening by much more than economists expected, and the drop was large enough to be “statistically significant and brings sentiment to its lowest reading in about six months,” according to Joanne Hsu, director of the survey of consumers.
Potentially even more discouraging is that U.S. consumers were forecasting inflation of 3.5% in the upcoming year, up from their forecast of 3.2% a month earlier. If such expectations spiral higher, the fear is that it could lead to a vicious cycle that worsens inflation.
It highlights how some companies have recently been describing increasing struggles among their customers, particularly their lower-income ones.
The yield on the 10-year Treasury rose to 4.50% from 4.46% late Thursday. But the movement was still relatively modest compared with its drop from 4.70% late last month.
Markets may remain on hold until Wednesday’s highly anticipated update on U.S. inflation at the consumer level, according to rates strategists at Bank of America. Traders are still largely penciling in one or two cuts to interest rates by the Federal Reserve this year, according to data from CME Group.
“Right now, the market is in a good mood thanks to a decent earnings season and a Fed that has a high bar to hiking,” according to Brian Jacobsen, chief economist at Annex Wealth Management. “That mood can change quickly.”
Last week, Federal Reserve Chair Jerome Powell helped pull yields lower after saying the central bank remains closer to cutting its main interest rate than hiking it, despite a string of stubbornly high readings on inflation this year. The Fed has been keeping its main interest rate at the highest level in more than two decades in hopes of getting high inflation fully under control.
A cooler-than-expected jobs report at the end of last week, meanwhile, suggested the U.S. economy could pull off the tricky balancing act of staying solid enough to avoid a bad recession but not so strong that it worsens inflation.
In stock markets abroad, London’s FTSE 100 rose 0.6% after the government reported the U.K. economy bounced back to growth at the start of the year. The performance was better than expected, and it snapped two straight quarters where the economy shrank.
In Japan, Tokyo’s Nikkei 225 rose 0.4% after a report showed strong auto exports whittled down the nation’s trade deficit and it racked up solid returns on overseas investments.
___
AP Business Writers Yuri Kageyama and Matt Ott contributed.
Documents reveal a pattern of targeted monitoring: administrator presence at rallies, police surveillance of social media, and coordination between campus, local, and state police.
As pro-Palestine students have slowly escalated their tactics in response to a deadlock on divestment and escalating violence in Gaza, Yale has deployed a variety of measures to monitor student dissent. Documents obtained by The Nation under Connecticut’s Freedom of Information Act illustrate a pattern of targeted surveillance by Yale University against students engaged in pro-Palestine activism.
These tactics, as the documents reveal, vary from administrator presence at rallies to police surveillance of students’ social media accounts, to coordination between campus, local, and state police forces.
The university has, so far, avoided the drama of presidential resignations like those at Harvard and the University of Pennsylvania. Until it arrested 47 students at an encampment on April 23, the protests on campus were largely not disruptive to campus life.
However, in seeking to avoid the fate of its fellow Ivy League institutions, its goal is to be one step ahead of its students, conversations between Yale Police Department (YPD) officers and university officials show.
Pilar Montalvo, assistant vice president for university life, was one of those tasked with this job, and has become a recurring figure in students’ on-campus activities. “In [Montalvo’s] interactions with students, she tries to shut down whatever we’re doing,” said Patrick Hayes, a Yale student involved in pro-Palestine activism on campus. “It’s kind of obvious that the administrative rules are applied very differently to groups that have missions that the university sees as counter to their own.”
Her job became even more important for the university after the House Education Committee launched an inquiry into antisemitism on college campuses and Yale was declared the subject of a Title VI investigation by the United States Department of Education.
Current Issue
Montalvo, as the documents reveal, is frequently tasked with attending protests and handling tense interactions, including when Zionist counterprotesters attacked pro-Palestine organizers. In one incident for which she drew criticism, she allowed a pro-Israel student to take down a poster mourning Palestinians killed by Israel’s attacks on Gaza. As she was quoted in the Yale Daily News, “I should have removed the poster myself rather than allowing a student to do so.” Montalvo did not respond to multiple requests for comment.
The documents date from the beginning of October to the end of December. However, what is clear from the documents currently available is that the administrative bureaucracy at Yale—which now outnumbers its undergraduate students—has been crucial in shutting down conversations about anti-Palestinian and anti-Muslim hate incidents that have occurred on campus. In the hundred pages of documents obtained by The Nation, Montalvo is copied on nearly every YPD e-mail exchange about pro-Palestine events and rallies. Not only does Montalvo appear to work directly with the YPD, but she collaborates with centers and initiatives housed within the university—especially those that have a stake in pro-Palestine organizing.
One individual who communicated directly with Yale administration and the YPD is Uri Cohen, the executive director of the Slifka Center for Jewish Life at Yale. Cohen runs one of the many student life centers at the university to which Yale has dedicated ample time and resources after it launched its Belonging at Yale initiative in 2020.
Cohen and other staffers at the Slifka Center have been in frequent communication with Montalvo and the YPD with concerns about the activities and speech of pro-Palestine organizers. “I just heard that the language around tomorrow’s SJP day of resistance now includes explicitly that violence against Zionist-identified people and institutions are both justified and politically necessary,” wrote Cohen in one early October email to Duane Lovello, director of public safety & community engagement. This language didn’t appear in any official postings by Yalies4Palestine, and it is unclear exactly which post Cohen was referring to. Despite this, Montalvo used Cohen’s comment as a pretext to call one of Yalies4Palestine’s lead organizers into a meeting to gather more information.
After a student involved in Yalies4Palestine didn’t respond to a phone call about an upcoming rally, the assistant vice president for university life contacted the student’s mother, according to Rebecca Wessel. It is unclear whether this violates Yale’s policies on contact with students and their families.
After the Yale Women’s Center came under fire for its annual conference, which, this year, was titled, “Pinkwashing and Feminism(s) in Palestine,” Cohen commented in an article published by Jewish Insider criticizing the students for hosting the event. “To the extent the Center is organizing this event, it betrays its obligations to Yale’s Jewish and Israeli women in particular, and to its mission.” Cohen did not respond to multiple requests for comment.
Www.oeisdigitalinvestigator.com: Popular
“swipe left below to view more authors”Swipe →
Even if Yale’s intention in communicating with its students about on-campus organizing is to ensure the safety of the community—per President Salovey’s November 3 statement on compassion and civility—the university’s actions reveal a desire to quash dissent.
Incidents of university administrators—who are in positions of power over students—calling students on their personal cell phones, when there has not been an alleged violation of university policies or procedures, doesn’t reflect Salovey’s stated goal of “embracing the open exchange of ideas.”
During potentially contentious academic events, administrators insist on the presence of uniformed officers, despite student resistance. Lukey Ellsberg, a graduate student at Yale, said Montavlo’s presence at these events inflamed tensions and frequently endangered the safety of students and faculty.
At an event in the fall titled “Gaza Under Siege,” which is now the subject of a federal investigation, “[Montalvo] grabbed my friend by the arm at one point and yelled in her face. She yelled directly in my face about how you need to count how many people are here so that we know how many more people we can let in,” said Ellsberg.
As Wessel said, “[These administrators] act in a way that is inappropriate and has threatened students. These tactics just try to throw us off, stop momentum, and prevent student organizing success.”
Yale not only contacts students about planned rallies but actively monitors for events before they are made aware of them through official channels. In one case, Vanessa Schenking, YPD’s compliance and crime analyst, sent an e-mail to Steven Citta, lieutenant at the Hartford Police Department, tipping him off about a potential Yalies4Palestine action at a weapons manufacturing plant: “Just found that there is a National Day of Action on 11/18. Yalies4Palestine is sponsoring an event taking place in Hartford where they intend to protest and march.”
In another, Schenking wrote to YPD officials, “I found the attached event through Instagram open-source searching. It is taking place tonight in Watson at 6pm. Just sending for awareness, not sure if we are already aware of this.”
On many other exchanges, YPD officials communicated via e-mail with the New Haven Police Department to plan their responses to pro-Palestine actions in New Haven. In some cases, that meant organizing potential routes of travel for protests. In others, it meant responding to concerns from community members about the statements or rhetoric of pro-Palestine organizers. Both agencies were intimately involved in the policing of students in the early months of pro-Palestine activism in New Haven through internet monitoring, in-person presence at rallies, and communication with university administrators.
The YPD and the NHPD’s presence on campus have left many organizers feeling scared for their safety. On May 1, Yale police violently arrested four pro-Palestine protesters in front of the university’s central library. The Yale Daily News reported that the protesters were peacefully dispersing when Chief of Police Anthony Campbell tackled a protester and knelt on his back.
Organizers emphasize how Israel’s ongoing occupation of the Palestinian Territories is intimately linked with police violence on Yale’s campus. “[The YPD] are absolutely not there to keep students safe. They’re really only putting more people in danger, injuring people,” said Wessel. “I am very uncomfortable with YPD and NHPD at pro-Palestine rallies because I fear that they will escalate.”
Www.oeisdigitalinvestigator.com: Thank you for reading The Nation!
We hope you enjoyed the story you just read, just one of the many incisive, deeply reported articles we publish daily. Now more than ever, we need fearless journalism that moves the needle on important issues, uncovers malfeasance and corruption, and uplifts voices and perspectives that often go unheard in mainstream media.
Donate right now and help us hold the powerful accountable, shine a light on issues that would otherwise be swept under the rug, and build a more just and equitable future.
For nearly 160 years, The Nation has stood for truth, justice, and moral clarity. As a reader-supported publication, we are not beholden to the whims of advertisers or a corporate owner. But it does take financial resources to report on stories that may take weeks or months to investigate, thoroughly edit and fact-check articles, and get our stories to readers like you.
Donate today and stand with us for a better future. Thank you for being a supporter of independent journalism.
Theia Chatelle is a student at Yale University and a former Puffin StudentNation writing fellow. Her writing has appeared in Haaretz, Teen Vogue, and others.
President-Elect Donald Trump on Saturday announced that he has chosen Kash Patel as his next director of the Federal Bureau of Investigation.
Trump announced on X:
I am proud to assert that Kashyap “Kash” Patel could lend a hand because the next Director of the Federal Bureau of Investigation. Kash is a gleaming attorney, investigator, and “The US First” fighter who has spent his profession exposing corruption, defending Justice, and preserving the American Folks. He played a pivotal role in uncovering the Russia, Russia, Russia Hoax, standing as an imply for truth, accountability, and the Constitution. Kash did an improbable job all over my First Duration of time, where he served as Chief of Workers at the Division of Protection, Deputy Director of Nationwide Intelligence, and Senior Director for Counterterrorism at the Nationwide Safety Council. Kash has furthermore tried over 60 jury trials. This FBI will pause the growing crime epidemic in The US, dismantle the migrant criminal gangs, and pause the ugly scourge of human and drug trafficking across the Border. Kash will work below our gigantic Felony unswerving Peculiar, Pam Bondi, to voice help Constancy, Bravery, and Integrity to the FBI.
Patel talked about in a commentary:
It is the respect of a lifetime to be nominated by President Trump to lend a hand as Director of the FBI.
Collectively, we can restore integrity, accountability, and equal justice to our justice machine and return the FBI to its rightful mission: preserving the American folks.
The Trump transition team blasted out Patel’s background in a put up.
Trump supporters were cheerful about the nomination, particularly the MAGA waft of the Republican Party.
Gain. Mike Waltz (R-FL), Trump’s incoming nationwide safety adviser, posted on X:
KashPatel has served in senior roles at the Pentagon, Nationwide Safety Council, ODNI, Dwelling Everlasting Pick Committee on Intelligence, and as a federal prosecutor. The FBI headquarters in Washington, DC wants reform. Kash is the actual person to drive that agenda!
Gain. Nancy Mace (R-SC) posted on X:
Congratulations to KashPatel on being nominated for FBI Director. We obtained no time to waste – let’s stride!
Gain. Lauren Boebert (R-CO) posted, “The Deep Notify is officially on behold!”
Veteran Deputy FBI Director Andrew McCabe — who oversaw the FBI’s investigation of the Trump marketing campaign below the pretense of bogus Russia collusion allegations — criticized the nomination.
“It’s a horrible constructing for the males and females of the FBI and furthermore for the nation that is relying on a highly functioning, unswerving, fair FBI,” McCabe talked about.
Organizer and Early Vote Action founder Scott Presler spoke back to McCabe, announcing:
The truth that Andrew McCabe feels Kash Patel as FBI Director would “disrupt,” “dismantle,” & “distract” the FBI speaks volumes that Kash is a appropriate pick. Let me remind you that McCabe signed off on the phony FISA warrant to surveil Trump adviser Carter Net page.