Shiba Inu Ecosystem Prepares for Major Tech Upgrade
Puppynet, a testnet of Shibarium’s layer-2 solution for the Shiba Inu (SHIB) cryptocurrency, is set to receive major tech upgrades, according to an announcement on Friday.

Bor, one of the network’s key components, will be getting a new version. The upgrade also includes the Cancun hard fork.

The upgrade is expected to result in faster transactions, improved storage, and a better user experience.

The Purpose of Testnets

Testnets are testnets that are similar to the real network but have no monetary value. They allow developers to experiment before deploying the main network. Testnets also help find and fix bugs, reducing major risks. For example, Ethereum has the Sepolia testnet, along with other testnets like Goerli and Kovan that have been discontinued.

In early August, Shibarium also introduced a hard fork with the new Bore version, adding a burning mechanism to improve the ecosystem.

Is the SHIB price performance stable?

The SHIB burning mechanism has been tested on the Puppynet network since February. Currently, the Shiba Inu ecosystem is facing a high level of anxiety and doubt, according to data from Santiment.

The reasons are the rapid decline in social media interest, the number of holders is decreasing, and the trading volume is decreasing. It is unclear whether Shiba Inu can improve the situation, but the current performance does not show any positive signs.

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SHIB

+3.83%

• ADP Non-Farm Employment Change:

o 99K: This is the actual number for the change in employment last month, showing that 99,000 jobs were created in the non-farm sector.

o 144K: This is the forecast (expected) number for this month. Analysts were predicting that 144,000 jobs were created.

o 111K: This is the previous month's number (adjusted if necessary), showing that 111,000 jobs were created in the non-farm sector.

• Unemployment Claims:

o 227K: This is the actual number for unemployment claims last week, showing that 227,000 new people filed for benefits.

o 231K: This is the forecast number for unemployment claims. Analysts expect 231,000 new claims.

o 232K: This is the previous week's figure (adjusted), showing 232,000 unemployment claims.

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The lower number of jobs shows that unemployment is still high this August, the economic recession has caused businesses to cut jobs a lot. This makes the CPI index decrease sharply, meaning that inflation will increase. Then tomorrow's non-farm payroll report will decide how much interest rates will be cut at the FOMC meeting on 18-19!

7:15 PM USD ADP Nonfarm Employment Change 144K 122K
7:30 PM USD Jobless Claims 231K 231K
8:45 PM USD Final Services PMI 55.0 55.2
9:00 PM USD ISM Services PMI 51.3 51.4
10:00 PM USD Crude Oil Inventories -0.6M -0.8M

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1. Transaction Takes Place: According to Spotonchain, 16 hours ago, DWF Labs received 10 million FET tokens (approximately $11.7 million) from the Fetch.ai Foundation. The transaction is identified by a specific transaction code, which allows users to check and verify information on the blockchain.

2. Transaction Address: The address associated with the transaction is `0x9eea88bdd424fad7f0db6af399c88f6266bd3a07`, which is identified as belonging to DWF Labs. This means that DWF Labs received FET tokens to this address.

3. First Activity in 6 Months: It is worth noting that this is DWF Labs' first transaction involving FET tokens in the past 6 months. This could indicate a return of DWF Labs to investing or trading in FET, which could be related to the future development or potential of the Fetch.ai project.

4. Portfolio ranking: Currently, FET is at the top of DWF Labs' portfolio, indicating that they have strong faith in this token or that FET plays an important role in their investment strategy.


Overall, this information shows that DWF Labs is actively involved in Fetch.ai's FET token and could open up many future possibilities for the development of Fetch.ai as well as DWF Labs.

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QCP Capital has expressed the view that if the upcoming non-farm payrolls data is weaker than expected, the possibility that the US will start cutting interest rates from September is quite high, with the probability of a 25 basis point cut being 33% and a 50 basis point cut being 67%.

However, recent macroeconomic information does not seem to have much impact on the cryptocurrency market.

QCP Capital predicts that in the short term, Bitcoin is likely to fluctuate between $58,000 and $65,000, and the market is waiting for a positive catalyst to break this range.

Positive information is given at this stage, but the price is likely to decrease a bit more to the range of 48k-52k so that Sharks can start to collect cheap goods, then they will pump more positive news for individual investors to buy according to the news, then they will gradually sell to take profits.

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A few lines to share about how to participate in Square of binance in the past time,

In fact, when participating in the market from 2017 to the present, but I pay little attention to the community factor and only find out what I lack to learn and supplement every day, every month, every year to improve my ability as a Holder and trader.

But in a volatile market like Crypto, compared to the current young people, I still have to learn a lot from them because they are too good and too super.

So I want to use the Square platform to present accurate information from projects or official information, but rarely copy other people's information and turn it into my own, and rewriting it, in my opinion, is unfair to myself as well as the readers.

So many articles also have some shortcomings and many errors, I hope readers can contribute with a serious attitude, do not be sarcastic or even use disrespectful words that are too unethical to say that, I do not understand what you are thinking in your head to use such words.

Be a smart investor as well as a user and reader, together contributing to increasingly complete with positive words, do not criticize or be too offensive or vulgar, it is not very good.

Sincerely thank you readers very much!
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Binance recently made a cryptic post on its X account, simply stating "BNSOL" with the phrase "coming soon." While no official explanation was given, speculation arose that BNSOL could refer to "Binance Staked SOL," possibly a new staking option for Solana (SOL) on Binance. This speculation gained traction after ByBit, another major exchange, announced its own liquid staking token, bbSOL, further suggesting that Binance might be planning a similar product. Solana was trading at $145 at the time of the announcement.

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breaknews : Pavel Durov has been officially released on bail and is being held on a bail of 5,000,000 euros.

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$NOT Currently, at the end of the spring roll, what should I do? Please give me your opinion.

In this cycle, your opinion is very important, but please look at it objectively.

Thank you all.

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pick up gifts

The announcement is about Sony Group launching a Layer-2 blockchain platform called Soneium, developed by its blockchain subsidiary. This is part of Sony's plan to expand its presence in the technology sector.

In partnership with Startale Labs, Sony is building a proprietary blockchain focused on applications in the entertainment and gaming industry, which is expected to improve user experience through blockchain technology, such as the use of NFTs for in-game assets.

The Soneium platform aims to develop new financial models and services in the entertainment industry, emphasizing the importance of creating new value in the Web3 space.

Sony has launched the Soneium Minato testnet and the Soneium Spark incubation program, aiming to attract developers and build a strong ecosystem for decentralized applications (dApps).

The incubation program not only provides financial support of up to $100,000 to qualified projects, but also includes technical workshops and support from industry experts.

In addition, Sony is also collaborating with Astar Network to provide liquidity and digital assets for the testnet phase.

Finally, Jun Watanabe, president of Sony Block Solution Labs, expressed his desire to build a fan community around creators and seek partners with a shared vision to develop new values ​​for Web3, expanding Web3 services into people's daily lives.

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$ETH