| GM Shib Army! You know how they say one run can change your day and many runs can change your life? We hope this week’s edition will inspire you to put on your running shoes – as we bring to you the awesome suite of Web3 products that Shib’s partner AIRian has developed for those pounding the streets to change themselves and the world! Shib has been making waves with a string of back-to-back headline feats, and this deep dive into the AIRian project will show you why the Shib Army has chosen to put their faith in us. This edition showcases the AIRian vision, revealed by the master visionaries who have conceived of this novel project and have been driving it with a relentless focus, their dynamic running app, governance token, and more. We also review the SEC’s attempts to push back spot Ethereum ETF proposals and what it means for the Shib ecosystem and beyond. And don’t forget to check out Doggie Treats ... Shy’s spunky speech at the K9 token launch celebration might give you goosebumps! 1) Racing into the Future: AIRian Revolutionizing Running Communities with Web3In this exclusive interview with the AIRian executives, The Shib uncovers the lowdown on the foundation of the AIRian project, its core objectives, and its role in synergizing fitness with Web3. Read more 2) RUNNER X: The Ultimate Decentralized Running ExperienceThe Shib introduces the AIRian project's decentralized global service platform for runners and marathoners: Runner X. Read more 3) Run, Earn, Govern: Exploring $AIRHere's a breakdown of the AIRian ecosystem's governance token and its various use cases. Read more 4) The AIRian Culture: Fitness, Community, and DecentralizationJoin the AIRian community, the backbone of the AIRian project, and start your transformative journey with a pair of running shoes and a piece of technology. Read more The SEC delays its ruling on the proposed ETH ETF, sparking speculation about the potential impact on Ethereum and the reason behind the extended review process. Read more  Racing into the Future: AIRian Revolutionizing Running Communities with Web3In this exclusive interview with the AIRian executives, The Shib uncovers the lowdown on the foundation of the AIRian project, its core objectives, and its role in synergizing fitness with Web3.By Yona Gushiken In an era where technology and fitness increasingly intersect, one project stands out with its bold promise to redefine the running community: AIRian. Through the innovative use of Web3 technology, AIRian aspires not just to connect runners around the globe but to empower them in unprecedented ways. The Shib recently engaged in a conversation with Jay Chung, the visionary founder and CEO of AIRian, alongside CMO James Lim, offering a glimpse into the ambitious framework of this innovative project. The Genesis of AIRian In recent years, running events have surged in popularity, transcending mere races to become vibrant community gatherings and fitness celebrations. While the allure of personal accomplishment and physical well-being motivates many runners, tangible rewards can further enhance the experience and foster a sense of achievement. Yet, all too often, participants find themselves crossing the finish line without much more than a medal or a t-shirt to show for their efforts. AIRian seeks to address a gap in the current running community landscape: the lack of genuine ownership and incentivization for runners' achievements and contributions. "I saw a disconnect between the digital and physical aspects of running communities," Jay explained. "Our mission is to bridge that gap with Web3, creating a more connected, rewarding, and decentralized running community." The genesis of the AIRian project lies in the pursuit of innovative solutions within the evolving landscape marked by the rapid convergence of industrial and IT revolutions. Within this backdrop, coupled with an aging demographic, the company saw the deep and resonating call for innovative solutions in health and lifestyle. The project strategically embraced aerobic exercise as a pivotal solution, recognizing its universal applicability across diverse age groups and experiences. Acknowledging the power of sport in fostering community-building, AIRian also strategically used walking and running as activities to promote its advocacy and facilitate global user interaction to form an ideal foundation for the establishment of a dynamic and engaged community. Driven by its aim of broadening a culture of people from all corners of the world coming together and interacting through both offline and online global competitions, AIRian synergized the timeless activities of walking, running, and marathons with the amazing features of Web3 to provide participants with an enriched and multifaceted experience. Guided by its slogan, “There is a miracle in every new step,” the CEO’s vision for AIRian is both ambitious and deeply personal. "Running has always been about community, perseverance, and self-improvement. With AIRian, we're enhancing these values through technology, allowing every step and every mile to be recognized and rewarded," he said. "We want to inspire a resurgence of outdoor experiences, particularly among the younger generation, beckoning them to step beyond the confines of indoor spaces and immerse themselves in the realm of physical challenges," articulated the CEO. "Through the AIRian movement, we envision recapturing the vibrancy of youth, encouraging participation in sports, athletic endeavors, or the simple joy of communal outdoor activities; to reclaim the essence of a bygone era, where the great outdoors served as a playground for the spirited and the adventurous,” the serial entrepreneur currently building a vibrant and enriching Web3 community told The Shib. Up Close and Personal With the ambitious vision of AIRian laid out, it is crucial to get to know the forces spearheading this groundbreaking initiative: the CEO and CMO. Jay Chung, the founder and CEO, boasts a rich background in e-commerce and brand IP-related roles, having embarked on a journey as a serial entrepreneur. Throughout his career, he has garnered success across diverse fields, leveraging his innate creativity and visual acumen. It was within this realm that he conceived AIRian, driven by a passion to proliferate the joys of walking and running on a global scale. Currently, Jay is dedicated to cultivating a vibrant and enriching Web3 community, positioning himself as a leading entrepreneur in the Asian Web3 industry and potentially on a global stage. As Jay lays the groundwork for AIRian's ambitious mission, he is joined by James Lim, the Chief Marketing Officer, who brings a wealth of experience and expertise to propel the project's global impact. Lim provides a unique blend of Korean heritage and Canadian upbringing to his role, embracing Jay's visionary outlook and dedicating himself to championing a project of global significance. Within the dynamic Asian marketing landscape, James emerges as a luminary, strategically applying his expertise to drive forward a groundbreaking Web3 initiative. His illustrious career is punctuated by success across diverse projects, underscoring his role as a catalyst in the ever-evolving intersection of marketing and technology. With a penchant for bridging the gap between the East and West and the transition from Web2 to Web3, James is also the CEO and co-founder of Meta Persona, a prominent platform facilitating crypto, blockchain, and Web3 marketing in Asia. His partnerships with leading enterprises and projects, including LG Electronics, FRIEZE, LINE, and others, further solidify his position as a key figure in digital innovation and marketing. From Vision to Real World With Chung and Lim at the helm, the project's vision takes on tangible form as it navigates the transition from concept to reality. However, a project as innovative as AIRian is not without its hurdles and requires a strategy that resonates with both tech enthusiasts and everyday runners. User adoption and technological integration pose significant challenges. But Lim, a renowned marketer, and the company’s CEO shared their strategy: "We're focusing on community engagement and education. It's not just about bringing runners to Web3; it's about bringing Web3 to runners in a way that enriches their experience." Lim explained, “The ultimate objective is to synergize the timeless activities of walking, running, and marathons with the amazing features of Web3, thereby providing participants with an enriched and multifaceted experience.” Chung added, “AIRian’s ultimate goal is to combine the modern and innovative features of Web3 with walking, running, and marathons, providing participants with more value. In doing so, AIRian aims to support those pursuing a healthy lifestyle and allow individuals to enjoy user activities in new ways combined with digital experiences.” Trailblazing Initiatives and Collaborations Yet, what was AIRian's strategy for achieving this? Backed by profound vision and underscored by ambitious goals, AIRian strategically aligned itself with Dong-A Media Group, a prominent media conglomerate in Korea renowned for operating one of the oldest marathon IPs — the Seoul International Marathon (held since 1931) — as well as managing numerous running and marathon event IPs in South Korea. Aside from crucial and major partnerships, the team also launched a plethora of initiatives, including a platform that empowers users with diverse fitness levels through a range of challenges, from light walking to intensive training, including milestones like the 2000-step, 5000-step, and 10,000-step goals. And the reward? $AIR token, the crypto asset of the ecosystem. It also allows users to join offline and online running and marathon events that enable them to score more $AIR tokens. To foster a deeper connection between the digital assets and their holders, encouraging long-term engagement with the AIRian ecosystem, the company launched the non-fungible token dubbed AIRian Avatars, which beyond serving as collectibles, grant owners the privilege to purchase specialized AIRian street outfits, with additional benefits linked to the ownership of these NFT IP models. Furthering the expansion of its growing influence, AIRian has established collaborations with globally recognized running and marathon event Intellectual Properties, actively working to provide the AIRian community diverse services and benefits, with exclusive services planned for NFT holders and AIRian ambassadors. Moreover, in a significant stride towards revolutionizing the digital and physical realms of running, AIRian marked the end of 2023 with the successful launch of the Runner X beta. As it moves into 2024, AIRian's focus sharpens on the development and integration of four key features designed to elevate the running community's engagement and participation: Ticketing functionality; in-app community features; crew functionality; and online walking, running, and marathon event features. It anticipates their successful completion sometime in the middle of the year. Sprinting Forward Building on the remarkable achievements and milestones that AIRian has already secured, the focus now shifts toward the ambitious plans that are set to unfold. - Global Exchange Talks: Discussions with top-tier global exchanges; an announcement is expected soon.
- Post-Listing Plans: To conduct the AIRian Avatar (NFT) Genesis minting event for community users.
- Enhanced Ecosystem Access: Avatar holders enjoy greater benefits including increased mining of $AIR governance tokens via walking, running, and marathons.
- Sports Fashion Brand Launch: AIRian apparel, designed for runners, expanding beyond the yoga and pilates communities.
“Our mission is to rejuvenate not just Web3, but also the culture of Generation Z or humanity as a whole,” the AIRian executives told The Shib. “Embracing running as a cultural phenomenon has the potential to profoundly influence Gen Z's ethos, akin to how Nike once rivaled Nintendo and brought healthy lifestyles and sportsmanship into the culture. We may engage and potentially compete with platforms like TikTok to let the youth get out of the room and RUN!” A Future in Motion AIRian's journey is a testament to the transformative power of technology in enriching the fitness and wellness landscape. As it advances, AIRian remains committed to inspiring and empowering communities worldwide, paving the way for a healthier, more connected future.  RUNNER X: The Ultimate Decentralized Running ExperienceBy Violet Vallaya Picture a scenario where your morning run transcends mere physical exertion to become a means of connecting with like-minded runners worldwide, fostering a sense of camaraderie, healthy competition, and personal growth. Thanks to a decentralized app, this vision has now become a tangible reality through its meticulously designed modes tailored for walking, running, and marathon enthusiasts. The app is Runner X by the AIRian project. Runner X's wide appeal is based on a sense of community, but it goes much beyond that — with a focus on what running means for different people. “Runner X, at the core of the AIRian ecosystem, is a decentralized platform for global runners," AIRian CEO Jay Chung told The Shib. The app also holds the title of the world's most extensive runners community project built on Web3 technology that rewards users with $AIR tokens when they complete challenges. AIRian's app allows users to connect with other runners from all over the world, share their experiences, and participate in challenges and events. This sense of community can be a powerful motivator, helping users to stay on track and reach their goals. "AIRian empowers users with various levels of physical activity, starting from light walking exercises to more intensive training, through challenges such as 2,000 steps, 5,000 steps, 10,000 steps, and walking challenges. Upon achieving goals, AIRians receive $AIR tokens as incentives," CMO James Lim said. Here are the different modes of the app: ECO Mode One distinctive feature of Runner X is its ECO mode, designed not just to encourage a healthy lifestyle but also to reward users for their physical activity. Users can earn $AIR by walking, with up to 20% of the daily reward pool allocated for ECO mode participants. - Earn $AIR by walking, with up to 20% of the daily reward pool allocated.
- Get rewards for reaching 2,000, 5,000, and 10,000 steps, with potential daily earnings of up to one $AIR token.
- The $AIR rewards are linked to the AIR market price and user count.
ECO Mode Reward Policy - Steps accumulate in the background, ensuring rewards even if the app is not actively used.
- Daily reward pool and compensation methods may vary but motivate consistent activity.
- $AIR market price and reward quantities are flexible and not guaranteed by the Foundation.
- Unclaimed rewards and walking records reset daily.
SPORTS Mode For those who prefer running, SPORTS mode comes into play. Activated with a simple press of the “Start Running” button, this mode tracks running activities and rewards users with $AIR. The rewards are calculated based on the user's distance and speed, utilizing NFT possession stats for accuracy. - It can be activated with a simple “Start Running” button.
- It pauses step measurement from ECO Mode, allowing flexible exercise sessions.
- Detailed records of individual sessions and daily averages motivate users.
- Runners earn $AIR by pressing the "Get Reward" button based on accurate NFT stats, directly compensating performance.
SPORTS Mode Reward Distribution Rules - Up to 80% of the daily reward pool is allocated for running mode users.
- Rewards vary based on NFT possession and user activity.
- It encourages user participation and positive experiences.
Reviewing Sports Mode Records - The user's running history in sports mode can be revisited.
- GPS-tracked routes and records can be exported and shared on social media.
MARATHON Mode Runner X is not just for everyday activities; it also supports users in setting and achieving marathon goals. With the option to choose target distances like 5 kms, 10 kms, half marathon, or full marathon, the app caters to running enthusiasts of all levels. The recorded data from marathon runs provides users with a detailed analysis of their performance, helping draw up long-term training plans. Additionally, the ranking system, including daily and weekly rankings, adds a competitive element. - Users can set various target distances according to individual fitness goals.
- Runners of all levels are encouraged to establish workout plans and strive for challenging goals.
Performance Record and Analysis - Detailed post-marathon records aid in analyzing performance.
- Users can assess distance, time, and average speed, facilitating long-term training plans.
Leveraging Data for Improvement - The platform uses recorded data to provide customized exercise advice and feedback.
- Understanding exercise patterns enhances personal records.
Rankings and Achievements - There is an option to reset daily and weekly rankings, promoting regular engagement.
- There are set criteria based on accumulated distance and speed for Eco and Sports rankings.
- Weekly rewards await top performers in each category.
In conclusion, Runner X by AIRian offers a holistic approach to fitness, blending innovative features with community building. The app's commitment to promoting healthy lifestyles, rewarding user efforts, and fostering a vibrant community sets it apart in the competitive landscape of fitness apps. You can download the Runner X app for iOS and Android at https://runnerx.xyz/en.  Run, Earn, Govern: Exploring $AIRHere's a breakdown of the AIRian ecosystem's governance token and its various use cases. By Violet Vallaya Did you ever think running doesn't just boost your health, but also earns you rewards and lets you influence the future of a fitness community? Yes, we are talking about $AIR, a unique token by the AIRian project. Understanding $AIR: More Than Just a Token "$AIR, the second major mechanism, serves as a governance token and a utility in RUNNER X," CEO Jay Chung told The Shib team. Unlike traditional tokens, $AIR can be acquired through various activities, be it walking, running, or engaging in external exchanges. This accessibility promotes inclusivity, allowing users to actively participate in the AIRian community. "Active participation earns AIRians $AIR, usable within the ecosystem or withdrawn to external exchanges. It plays a crucial role in various AIRian services and community decision-making through voting," CMO James Lim explained. Versatility in Use: Features of $AIR $AIR unlocks a spectrum of functionalities, emphasizing its significance within the AIRian ecosystem. Here are some notable features: Marketplace and Raffle: - Users can leverage $AIR to acquire exclusive AIRian characters and AIRian-branded clothing through the marketplace. Limited releases add an element of rarity, enhancing the desirability of these digital assets.
Governance Activities: - A key role of $AIR lies in community decision-making through voting. Users with $AIR tokens can actively participate in shaping the future of the AIRian project, including hosting events, tracking progress, and influencing feature development.
Online/Offline Marathon Ticketing: - $AIR opens doors to large-scale offline marathons, allowing users to participate in ticketing using the token. Additionally, an online marathon (explained below) powered by $AIR provides unique benefits, such as discounts and priority ticketing.
Challenges and Crew Competitions: - Users can create or participate in challenges using $AIR, adding a layer of gamification to the ecosystem. The collateral risk, coupled with the potential for additional $AIR compensation upon goal achievement, introduces an innovative approach to user engagement.
Crew Activities: - With $AIR, users can establish and manage running crews, fostering both offline and online global participation. Crew promotions further enhance the community-building aspect, providing a platform for runners to connect.
Practical Use Cases of $AIR Health and Fitness Integration: - The token incentivizes users to embrace healthier lifestyles by earning rewards for physical activities. The integration of Eco Mode and Sport Mode encourages users to stay active, creating a positive feedback loop between fitness and token rewards.
Community Building: - $AIR facilitates group activities and community contribution, promoting a sense of belonging among AIRians. Runners worldwide can unite in both online and offline activities, fostering a global community.
ESG Initiatives: - Environmental, Social, and Governance (ESG) activities find a place in the AIRian ecosystem. Events, marathons, and challenges are conducted in an eco-friendly manner, showcasing a commitment to responsible practices.
Healthcare Data Utilization: - The collection of user data enables personalized recommendations for walking or running methods, contributing to the overall well-being of participants.
How to Access $AIR $AIR adopts an inclusive approach to acquisition, offering multiple avenues for users: Eco Mode & Sport Mode: - Users earn rewards by simply walking or running with a device equipped with Runner X, showcasing a commitment to making fitness accessible to all.
Challenges (Individual & Crew): - Engaging in challenges, both individual and crew-based, present opportunities for users to earn $AIR based on the difficulty level and successful goal achievement.
Online Marathon: - The AIR marathon, an online global event, offers users the chance to earn rewards and badges by participating and excelling in the rankings. The inclusive nature of online participation ensures a diverse and engaged user base.
Exchanges: - $AIR's listing on various global exchanges expands accessibility, allowing users to acquire and utilize the token seamlessly within the AIRian ecosystem.
$AIR transcends its role as a mere digital asset, presenting a comprehensive ecosystem that intertwines governance, utility, and community engagement in the evolving landscape of decentralized applications and their potential to redefine user interaction and participation.  The AIRian Culture: Fitness, Community, and DecentralizationBy Malaya Ruiz 'We are AIRian.' This expression represents a major mechanism of the
AIRian project and its growing community of runners united through common goals and values governed by decentralization. It is a group of active runners on the Runner X app promoting a global culture by forming running crews, competing, and participating in community activities. AIRian symbolizes a movement propelled by runners in this user-centered, Web3-based running project. This large and diverse community comes together to share their passion on a decentralized platform, which is a safe space for them to enjoy Web2 and Web3 without the risks and pressures of having a public persona. Global Statistics: Runners and Running Apps Running is a widely popular and commonly practiced sport around the globe. The Statista Research Department recorded that approximately 49 million people in the United States participated in running and jogging at least once in 2021 alone. It is estimated that 621.16 million people worldwide practice running as a sport, with race participation showing an overall increase of 57.8% in the last ten years. About 1.1 million of the world’s population complete a marathon annually, according to RunRepeat and the International Institute for Race Medicine. Runners generally find enjoyment in analyzing data from their runs, hence the increasing popularity of running apps that allow them to track their routes, share their progress with friends, and assess their performance. The Running Apps Market Report by Industry Research indicates that in 2022, the global market for running apps was valued at $684.64 million and is projected to grow at a compound annual growth rate of 17.85% by 2028, when it is expected to reach $1,833.85 million. The AIRian Culture: Global Reach and Web3 Through Runner X, the pioneering dApp (decentralized app) for global runners, AIRians can achieve their fitness goals and connect with other runners across borders by participating in activities that will be recorded on the blockchain. The team behind the project expects more than 300 million runners to join the movement, contributing to the growth of the AIRian ecosystem and consequently benefiting from being part of it. AIRians have the privilege of gaining access to an ingenious fusion of Web3 technologies and an innovative fitness system. If somebody asks, let them know this is a community of runners that will move decentralization forward in the fitness world. A Healthy Community Is a Vibrant Community The project continues to move toward its vision of embracing the spirit of community on a global scale. At the start of the year, they opened the AIRian Ambassador Program to welcome the first batch of individuals who will share their running journey on social media and gain exclusive perks and benefits as they promote the running app and the community to their audiences. One of the ambassador responsibilities is to share their running records to inspire members of the community to do the same and encourage non-members to download the app. Ambassadors are eligible to receive token rewards, avatar airdrops, merch, featured content, and priority access to events and collaborations. The good news is ALL AIRians can get special rewards by walking and running, depending on how many steps they record on the Runner X app per day. The Incentive Function on the app allows users to earn $AIR tokens. They can also own NFTs that can be used as profile pictures and unlock access to various services in online and offline events powered by $AIR. Last month, AIRian announced on X that they were giving away exclusive AIRian avatar stickers. The AIRian GIFs have garnered 3 million views on Giphy. More recently, they shared a sneak peek of the exclusive AIRian apparel line. An exciting membership experience is also on the horizon as they prepare to launch AIRian Avarta. Never Let On Who You Are The AIRian platform allows users to express themselves with their AIRian identity through AIRian avatars and characters, fostering a culture of privacy and protection within the community along with a sense of belonging. The 'Never let on who you are' tagline represents this objective. When asked about it, AIRian CEO Jay Chung enthusiastically explained, “This was created precisely for this cultural and meme purpose!” It means having control over your identity while reaping the benefits of becoming an AIRian.  The SEC delays its ruling on the proposed ETH ETF, sparking speculation about the potential impact on Ethereum and the reason behind the extended review process. By Yona Gushiken The U.S. Securities and Exchange Commission (SEC) has played a strategic hand, deferring its decision on the proposed spot Ethereum Exchange-Traded Funds (ETFs), very recently, from Wall Street juggernauts BlackRock and Fidelity. It's a palpable suspense, leaving the crypto realm abuzz with curiosity — what implications does this hold for Ethereum, and why does the SEC extend the game with additional innings, inviting public commentary? The Chase Unfurls The Ethereum ETF, a potential game-changer, pledges to bridge the gap between the crypto domain and traditional investments. The stage is set, a lineup of eager contenders awaits, and the atmosphere crackles with electric competition — the stakes are high, and the race is unmistakably ON. Yet, this isn't just another day at the office for the SEC. Far from stalling progress, the SEC plunges into the nitty-gritty, putting these ETF proposals under the microscope. The regulator seeks not just contemplation but an in-depth dissection, inviting public commentators to spotlight their insights on arguments championed by Fidelity, BlackRock, Cboe, and Nasdaq heavyweights. In this regulatory stage, the SEC isn't just contemplating; it's asking the pivotal question: Do the compelling narratives that paved the way for the green-lit spot Bitcoin ETFs gracefully waltz over to ETFs embracing Ethereum's ether? SEC Keeps Cards Close to Its Chest SEC Chairman Gary Gensler, in an interview last week, remained tight-lipped regarding spot Ethereum ETFs. When grilled about a potential decision timeline, Gensler indicated that the process mirrors that of Bitcoin ETFs, offering no insights into the current status or timeframe. And get this — he's sticking to his guns on the whole investment approval thing. According to him, giving the green light doesn't mean the SEC's suddenly chill about Bitcoin risks. Nope, this reticence harks back to the landmark Grayscale v. SEC case, where the SEC was taken to task for its inconsistent stance on Bitcoin futures versus spot ETFs. When the SEC big shot was asked whether Bitcoin itself was the issue or if it was being misused, he didn't hold back. “This is a field that has been rife with fraud and manipulation, and look at all the bankruptcies,” he said, before saying, “It’s entity, after entity, after entity.” Industry Bullish on Ethereum ETF Potential Geoff Kendrick, the head of FX Research, West, and Digital Assets Research at Standard Chartered anticipates Ether's price to surge to $4,000 by the projected approval date of May 23, riding on a similar trajectory to Bitcoin during its ETF approval process. "We expect pending applications for ETH U.S. spot ETFs to be approved on May 23, the final deadline for the first of the ETFs under consideration — the equivalent date to Jan. 10 for BTC ETFs," Geoffrey Kendrick, head of Standard Chartered Bank's forex and digital assets research, wrote in a report. "If ETH prices perform similarly to how BTC prices performed in the lead-up to BTC ETF approval, ETH could trade as high as $4,000 by then." But hold your horses, there are a few ifs and buts here. Kendrick's prediction relies on some key factors, like a continued lukewarm market sentiment for approval, possible misjudgments in implied volatility, and the SEC giving the nod to multiple applications at once. The report also says Ether is less likely to get rocked by the same selloffs that Bitcoin faced post-ETF green light. Kendrick put it bluntly, "These factors should make ETH less vulnerable than BTC to a post-approval selloff." Gracy Chen, managing director at Bitget is all in on the potential of an Ethereum ETF. It's not just about easing the path for traditional investors; it's about pumping liquidity into the Ethereum market. Think about the Bitcoin ETF ripple effect — that could be Ethereum's future. - “An Ethereum spot ETF makes it easier for traditional investors to get exposure to Ethereum without directly owning or managing cryptocurrencies. This increased accessibility could attract a broader range of investors, including institutional investors who might prefer traditional investment tools,” the Bitget managing director told The Shib.
- “ETFs listed on traditional stock exchanges usually have higher liquidity than the underlying assets. The introduction of an Ethereum spot ETF could bring additional liquidity to the Ethereum market, making it easier for investors to buy and sell ETH. After BTC's ETF went live, there was a significant boost in liquidity, and the sale of billions of dollars in BTC did not cause significant price fluctuations,” Chen, who is a self-proclaimed crypto nerd, further said.
The Security Question: Is Ethereum a security? The SEC's been tight-lipped, leaving everyone guessing. But, according to Chen, an Ethereum ETF thumbs-up could signal Ethereum's solidifying reputation as a legit asset class. - “In previous official responses, the SEC has not explicitly stated that ETH is not a security, but it hasn't classified it as one either. SEC Chairman Gensler has been ambiguous on whether Ethereum and its stablecoins (like WETH) fall under the category of securities. ETH is often held as an investment, suggesting it could be classified as a security, but it is also widely used as a daily exchange medium across protocols, making its function more akin to cash. Similar to Bitcoin, the approval of an Ethereum ETF could be seen as a positive signal for market sentiment. This may indicate that Ethereum is gradually being viewed as a legitimate and investable asset class, potentially boosting investor confidence,” the Bitget executive noted.
Analysts' Countdown Bloomberg Intelligence's ETF Analyst, James Seyffart, and Standard Chartered align on the SEC's likely decision timeline, eyeing May 23, 2024, as a pivotal date for Ethereum ETF hopefuls, potentially setting a precedent akin to the Bitcoin ETF approvals. As the SEC sifts through the details and the crypto community buzzes with anticipation, Ethereum's quest for ETF approval transcends mere regulatory hurdles — it's a window into the future of cryptocurrency investment, brimming with suspense, strategy, and speculation. If (and that's a BIG IF) the Ethereum ETF struts onto the scene, it's like a gallon of rocket fuel is thrown into the crypto bonfire. This means more mainstream players will hop aboard the crypto rollercoaster, and as a domino effect, this could mean a heightened crypto fever. Now, what's in it for the Shib ecosystem? In the vast Shiba Inu universe, it's akin to capturing a gentle sprinkle of celestial stardust. Imagine the entire market ensnared in a tempest of exhilaration, with Shiba Inu, the darling of the Shib ecosystem, gracefully riding the crests of crypto euphoria. Beyond mere trading, it unfolds as a meticulous choreography, orchestrating Shiba Inu's poised maneuvers in the grand spectacle of the crypto dance-off. Recent days witnessed SHIB's soaring surge, a remarkable 288.78% in the last 30 days — a testament to its strength, even without the Ethereum ETF factor.  Hey Shib Army! This week’s Shib TLDR is a combination of exciting new launches and surprises from some of the alphas of the pack. Don’t forget to tag @TheShibmagazine in your tweets so we can see you! 1. Robot Droids Spreading Joy: LumiBots Droid Army NFT Collection Is Live The LumiBots Droid Army (LDA) collection has launched — these 10,000 robot droid NFTs are now minting on ShibCoOp.io and all secondary Shibarium marketplaces. OG LumiBots holders were airdropped an LDA for each one they hold. FUN FACT: the description on Mantra says the collection aims to spread happiness to everyone in the community and eliminate FUD. We stan this kind of non-fungible positivity! 2. K9 Finance DAO x Shib Leadership: Top Dogs of Shibarium Join Forces Shytoshi Kusama and Kaal Dhairya were welcomed into the K9 Finance DAO as official advisors shortly after the KNINE token lift-off. They were also invited as special guests to the post-launch celebration. The Shib Army legends, as K9 DAO founder Buzz referred to them in a recent tweet, are ready to join K9’s management structure to further strengthen Shibarium. 3. Shytoshi Delivers Epic Speech at K9 Finance’s Token Launch Celebration A very memorable part of the $KNINE X Spaces post-launch party was Shy’s powerful and persuasive speech. With astounding oratory and spoken word flair, he declaimed the immense possibilities of Shiba Inu and the Shib Army, showing the thin line between hypotheticals and reality. A line from the speech goes, “What if an ancient dog breed from a country full of honor could lead this physical plane to enlightenment and world peace?” If you missed the live event, don’t forget to listen to the recording and prepare to be blown away. 4. Over 400M Transactions on Shibarium The Shib Army is popping bottles once again for hitting a new milestone. Shibarium just smashed through 400 million transactions, and daily transactions are currently at a whopping 1.07 million. With over 65k accounts and 1.37 million addresses in the mix, the Shib Army is clearly showing growth on every front. Cheers to the Shib Army for their impressive expansion! 5. Geishas of Shibarium: Wisdom, Beauty, and Storytelling The Geishas of Shibarium minting website is now live, and you can get one for only 8 BONE. Truly, each one is not just another pretty face but a wellspring of foresight and good sense, courtesy of the Geisha Wisdom Series featuring short clips of Geishas offering words of motivation to those seeking realistic, practical, and spiritual insights. Created by Old Horse, this NFT collection represents beauty, wisdom, and timelessness. 6. ShibaPunkz Gold Tier Audit: New Level of Woofie Town Safety Unlocked The ShibaPunkz smart contract has received the Gold Tier audit from ContractWolf, and Woofie Town is feeling safer than ever. The audit determines if there are any security vulnerabilities in the smart contract implementation and associated systems. With a check mark beside “Status” and the words AUDIT PASSED in bold, green letters, it’s clear to see ShibaPunkz is following the code.  ETF vibes  Guess who received the Oscar for the most handsome boy Which #Shibarium projects would you like to see next in The Shib?
Tell us on Twitter using #TheShib hashtag or in a thread at @shibtoken. If you have any stories, initiatives, and/or projects that you deem newsworthy for the whole community or if you have pieces of advice for us to make this magazine a worldwide reference, take advantage of this opportunity. Send us an email explaining everything at submissions@shib.io. P.S. You can also share your favorite memes with your own customized comment/reaction comment (we will credit your Twitter or SNS). Advertise with UsAnyone interested in expanding their reach can benefit from this exciting feature of the magazine. We offer comprehensive marketing packages! This includes the opportunity to be featured on the front page, giving your project maximum visibility. We also offer ad space for those looking to be seen by a vast and varied audience on our platform. If you are interested in finding out more about our packages, shoot us an email at ads@shib.io. For partnership / Ads & Community spotlight: https://www.shib.io/contactus Terms and conditions: https://www.shib.io/terms-and-conditions  |
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