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Scott Bessent Prepares to Exit Bitcoin Investments as New Treasury Secretary Nominee

Bessent plans to sell his Bitcoin ETF investments as Treasury Secretary nominee. His total asset portfolio is valued over $500 billion, including major funds. Continue Reading: Scott Bessent Prepares to Exit Bitcoin Investments as New Treasury Secretary Nominee The post Scott Bessent Prepares to Exit Bitcoin Investments as New Treasury Secretary Nominee appeared first on COINTURK NEWS . CoinOtag

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Shiba Inu’s Lead Dev Brags Shibarium’s Success, ‘Almost 800M Transactions, 8 Times Cardano’

Shiba Inu’s lead developer, Shytoshi Kusama, has praised the success of Shibarium, the layer-2 blockchain network powering the Shiba Inu ecosystem. On Saturday, the pundit revealed that Shibarium has processed almost 800 million transactions, a figure he boasted was “8 times Charles Hoskinson’s Cardano.” The comment came as a response to a Shiba community member, Murat Aydın, who expressed concerns about the clarity of Shibarium’s roadmap. Aydın’s criticism revolved around the lack of communication about the network’s ongoing testing phase and the uncertainty surrounding the utility of BONE, the ecosystem’s gas fee token. In his reply, Kusama refuted the notion that Shibarium was still in testing, stating, “Did you just say Shibarium is being tested? Bro, there are 700M transactions.” He further emphasized the team’s ongoing efforts to enhance the ecosystem, including a redesigned website and a recently released podcast to address concerns and highlight their “incredible tech.” Notably, the exchange highlights the growing anticipation within the SHIB Army as the ecosystem prepares for the launch of the TREAT token in less than three days. TREAT, short for “Transactional Rewards for Engagement and Access Token,” is designed to provide rewards and enhance user engagement across Shibarium’s various projects. The token is expected to debut on major exchanges, including Bitget, Gate, KuCoin, and MEXC. In a blog post on the same day, Kusama elaborated on the broader vision for the Shiba Inu ecosystem, introducing concepts like “36 Chambers of Tech” and “WHY Combinator.” According to Kusama, the ecosystem aims to compete with larger blockchain networks by developing a comprehensive technology stack that includes AI, Web3 games, a metaverse, decentralized identity solutions, and more. Kusama explained the significance of TREAT in this ecosystem, describing it as a utility token that will incentivize user participation through weekly “TreatDrops” and grant access to various features within the network. Despite the focus on TREAT, Kusama also reassured the community about BONE’s critical role as Shibarium’s gas token. He hinted at upcoming developments, including Layer 3 solutions and optimistic rollups, which could settle transactions directly on Shibarium, further increasing $BONE’s utility. “Imagine giving this utility to BONE,” Kusama said, comparing Shibarium’s potential to data availability layers like Celestia. He also teased new cross-chain capabilities facilitated by Chainlink integration, positioning Shibarium as a hub for future blockchain projects. That said, with nearly 800 million transactions processed, Shibarium is solidifying its place as a major blockchain contender, surpassing Cardano in volume. Kusama’s remarks underscore the ecosystem’s rapid progress and ambitious vision, setting the stage for significant growth in 2025. CoinOtag