Shiba Inu's SHIB tokens experienced a 9% drop in value due to bridging issues reported by users after the launch of the Shibarium network. Transactions on the network were stalled for at least five hours, and attempts to add the network to a commonly-used crypto wallet failed.

Security company Beosin Alert has issued a reminder that transactions on Shibarium are in a pending state. Currently, $1.7 million is locked in ETH. Users are advised to temporarily stop using Shibarium. According to previous reports, Shiba Inu developers have launched the Ethereum L2 expansion solution Shibarium main network.

According to data from IntoTheBlock, large holders of Shiba Inu, also known as whales, have shifted billions of SHIB in the past 24 hours, resulting in a massive transaction volume of 1.13 trillion SHIB. The Large Transactions Volume metric on IntoTheBlock provides an overall idea of the amount transacted by whales in a single day, with large transactions being classified as any transfers exceeding $100,000. Shiba Inu's ecosystem tokens BONE and LEASH have experienced significant growth in the past 24 hours, with BONE up 8.68% to $1.64 and LEASH up 12% to $487. Additionally, Bitcoiner "Davinci Jeremie" expressed optimism for SHIB ahead of the Shibarium launch, predicting that big things are coming for the cryptocurrency.

Shytoshi Kusama, the creator of the Shiba Inu project, has invited Elon Musk to the upcoming Blockchain Futurist Conference in Toronto, Canada. The conference will unveil Shiba Inu's own layer 2 blockchain, Shibarium, and the completed Worldpaper, which will introduce all SHIB branded projects to the broader crypto community. Kusama has also confirmed strong indicators pointing towards the launch of Shibarium at the conference, marking a significant milestone in Shiba Inu's journey towards creating a robust, community-driven blockchain ecosystem. Additionally, Kusama announced that the remaining supply of BONE, the digital token associated with the SHIB community, will be minted and the BONE contract will be renounced to prevent further minting and ensure a substantial portion is allocated to validators in the upcoming blockchain system.

The governance token of Shiba Inu, BONE, has experienced a significant surge in price, with a weekly rise of over 40% and a 0.5% increase in the past 24 hours, reaching $1.20. This is notable as BONE has managed to remain bullish despite the recent market sell-off.

July 4 (Cointime) - U.Today presents the top three news stories from the past day, including the SEC's response to rumors of Gary Gensler's resignation, the possible reasons for the recent price increase of Shiba Inu's governance token BONE, and Ripple's release of one billion XRP coins from escrow.

June 28 (Cointime) - Guardarian, a fiat on/off ramp, has listed the ShibaSwap Bone (BONE) meme token on its platform, making it easier to purchase with fiat currencies. BONE is a governance token for the official dex of the Shibarium Layer 2 protocol for Shiba Inu, and will also be used for paying gas fees on Shibarium.

Bone ShibaSwap (BONE), the governance token of Shiba Inu, is set to be listed on Tarmex, a prominent US-based cryptocurrency exchange. Tarmex recently conducted a poll on Twitter to determine the next asset to be listed on the platform, with BONE, ELON, BabyDoge, and AIDOGE as the options.

London-based cryptocurrency exchange Swapika has announced plans to integrate Shibarium, the Layer 2 Solution, into its service once it goes live. This move follows Swapika's recent decision to add support for all three tokens in the Shiba Inu Ecosystem, including Shiba Inu (SHIB), Bone ShibaSwap (BONE), and The Dogecoin Killer (LEASH). Shibarium is currently in its Beta Phase and has already recorded widespread adoption, with over 14.5 million wallets and 6.3 million transactions processed. The exact launch date of the Shibarium Mainnet has not been disclosed, but the Beta Phase is expected to take up to 2 to 4 months to complete.

Multiple crypto exchanges have listed meme coin Shiba Inu's BONE token amid rising demand from the community. This move comes after major exchanges such as OKX and Huobi also listed BONE.

Singapore-based crypto exchange, Deepcoin lists Shiba Inu’s Bone ShibaSwap (BONE).

DEX Aggregator, DODO Now Allows Users to Buy Shiba Inu with Fiat; CryptoCom Adds Support for Bone/Shiba Inu Trading Pair; ApeSwap Announces the Release of ApeSwap V3

Crypto.com, a leading Singapore-based cryptocurrency exchange, has extended support for Bone ShibaSwap (BONE), the governance token of Shiba Inu’s decentralized exchange ShibaSwap. The exchange has introduced additional BONE trading pairs, including BONE/SHIB.

The Shiba Inu ecosystem is currently facing numerous rumors and claims that are dismissed as FUD by lead developer Shytoshi Kusama. As Bitcoin reported earlier today, a member of the SHIB Growth team noticed that Shibarium shares the same chain ID with the lesser-known blockchain Rinia.

While the rest of the crypto market is still in a bewildered state, Shiba Inu’s BONE, a governance token for the upcoming Shibarium layer 2 blockchain, has surged by over 10% in the last 24 hours. 

Bone ShibaSwap, one of the Shiba Inu ecosystem coins, hits new milestones as more than 76,000 addresses now hold BONE.

Bone ShibaSwap (BONE) is set to list on one of the oldest global Bitcoin exchanges, Gate.io.

CoinRabbit, a major crypto lending platform, is the latest crypto entity that will support Shiba Inu’s Layer 2 solution, Shibarium. The crypto lender recently announced on Twitter, expressing their eagerness for the upcoming mainnet launch: “Our team is waiting for the Shibarium net launch, just like the whole ShibaArmy. We’re going to support Shibarium at CoinRabbit.”

Shiba Inu developers are all set to launch the much-awaited layer-2 network known as Shibarium.