Crypto_Awad

Posted on December 23, 2023The lead developer of the Shiba Inu ecosystem has argued that eliminating 99.9% of Shiba Inu’s circulating supply is not impossible.In a recent tweet, Shytoshi Kusama, the enigmatic leader of the Shiba Inu development team, expressed that bringing Shiba Inu’s current circulating supply to 0.1% of its size is a vision that can materialize.This bold declaration comes amid an exchange with a Shiba Inu critic. The context of the conversation was Shibarium’s soaring positive metric, with transactions reaching new counts of 150 million.Amid the development, the Shiba Inu critic sarcastically asked Kusama to burn 99.9% of SHIB tokens, likely with the fees accrued from Shibarium transactions. The critic went on to add that such a hypothetical scenario cannot be a reality because, according to him, Shiba Inu is trash.Shiba Inu Lead Says Nothing is ImpossibleHowever, the Shiba Inu ecosystem leader reacted to the critic’s view with a counterargument. Succinctly, Kusama said:“Nothing is impossible except for you seeing how it’s possible. We push forward.”With SHIB’s circulating supply at 580,925,715,095,591 (580 trillion), burning 99.9% would reduce Shiba Inu’s supply to 580 billion, which is still significant.Reacting to Kusama’s statement, members of the Shiba Inu community welcomed the idea, noting that it merely takes patience to attain such a feat. Raul Valadez-Rayas, a U.S.-based Shiba Inu enthusiast, remarked:“Patiently waiting for Shytoshi Kusama. Can’t wait to see trillions of SHIB burn one day, and then everyone in the SHIB ARMY will be happy.”Shiba Inu Team’s Efforts to Burn SHIBNotably, the Shiba Inu development team has orchestrated the third and fourth editions of its routine Shiba Inu token burn based on fees accumulated from Shibarium transactions.The Crypto Basic has reported that the team has incinerated over 17 billion SHIB tokens in the last 24 hours in two transactions. The first transaction, which occurred yesterday, eliminated 8.53 billion SHIB. Meanwhile, in less than 23 hours, another 8.47 billion SHIB was burnt.As a result, the Shiba Inu team has burned a whopping 33,862,174,416 (33.8 billion) SHIB tokens this month alone.$SHIB

Sometimes it seems… we judge crypto projects too easily. Whether price is increasing, whether the token is trending - that's all. But the real game is a little lower, where no one looks. Meaning.... When we talk about a project - we only see "what was anounced". But in fact, what is slowly being built inside is the most important. The first word comes to my mind when I see @Polygon's recent updates is - infrastructure shift, not just upgrade. I mean, they no longer positioning themselves as "a Layer-2 scaling solution". They are gradually moving towards building a fintech-grade payment network. And this change did not happen in a day. To start with, the Giugliano hard fork on April 8th was actually not simple many people make it out to be. In this update, they basically made block propagtion and finality faster - meaning the transaction confirmation time has decreased and network-level data handling has become more predictable. Although it may sound small, this “predictability” is biggest thing in building a payment system. Because, payment doesn’t just mean speed - payment means consistency. When will a transaction settle, how long will it take, how much will the fee be... If all of these not stable, then no bank or fintech system will use it. And this is where Polygon is slowly changing their architecture. The Giugliano update has brought fee data inside the block header - it sounds very technical, but it means that dApp or wallet can now read fees with much less friction. It is a silent but strong foundation for future payment rails. Then comes AggLayer.
To be completely honest...
I had a little mixed feelings about it at first, but actually idea is great. They want to connect multiple chains in such a way that there is no fragmntation at the user-level. This means the user will not understand which chain they on - everything will work like a unified liquidity layer. If it works really smoothly, then it is not just interoperability - it is ecosystem abstraction. And this is where the “metadata propagation” thing becomes important. Because not only can you move tokens, but if the context with that token - fee logic, state info, execution metadata - is not propagated quickly to entire network, then the system breaks under load. What Polygon is doing is strengthening this hiden layer. Another big aspect is their funding direction.
There are reports that @PolygonLabs is now moving towards a new equity raise about $50 to $100 million. This capital will mainly be used to build a payments business and stablecoin infrastructure. They are describing it in many places as “Open Money Stack”... meaning an attempt to bring together traditional banking rails and on-chain settlement. If you look at previous acquisitions (Coinme, Sequence type infrastructure players), it is clear - this is not pure blockchain expansion, this is building a distribution layer. And the Polygon 2.0 roadmap includes AggLayer, high-throughput execution and real-world asset integration - all in all, a clear direction is emerging🚀
I mean actually…
Today, over $1 billion in RWA has already been tokenized on network and large institutions have started using this ecosystem for stablecoin settlements - these are not small signals.....🤔
In the end, what I think... @Polygonis no longer stuck in the “Ethereum sidechain” narrative. They are slowly moving to a place where blockchain will not be visible but become unavidable as infrastructure. And if this execution is done correctly, then in the future user will not even know that he is using Polygon... but the payment flow will run on it - but it is really great.... 🔥🔥🔥
$POL
#PolygonFunding
#BinanceWalletLaunchesPredictionMarkets

The ECB formally endorsed the European Commission’s plan to shift supervision of major crypto firms, trading venues, and clearinghouses from national regulators to ESMA, per Reuters.
The ECB warned that ESMA must receive adequate staffing and funding, and recommended a phased transition to avoid disruption.
Smaller EU states including Ireland, Luxembourg, and Malta have resisted the plan.
The European Central Bank on Friday formally backed the European Commission's plan to centralize supervision of major EU financial market participants, including crypto asset service providers (CASPs), under the watchdog European Securities and Markets Authority (ESMA), according to Reuters.

In its opinion published April 9, the ECB said it "fully supports" the Commission's proposals, calling them an ambitious step toward deeper integration of EU capital markets. The plan would move oversight of systemically important cross-border players, including large CASPs, trading venues, central counterparties, and central securities depositories, to the Paris-based ESMA.

The proposal is the most consequential structural change to EU crypto oversight since the bloc's Markets in Crypto-Assets framework (MiCA) became fully applicable for CASPs at the end of 2024. Under the current MiCA regime, national competent authorities have served as front-line supervisors with ESMA playing a coordinating role. The Commission's package, unveiled in December, would for the first time give ESMA direct supervisory authority over the largest cross-border firms.

The ECB argued that large crypto firms can be "systemically relevant" and warrant unified oversight to prevent risks from spilling into the banking system. It also asked for a non-voting seat on ESMA's executive board to contribute technical expertise on payment systems and monetary policy transmission.

The central bank cautioned, however, that ESMA will need significantly more resources to handle the expanded mandate, and recommended a gradual handover from national regulators to limit operational disruption.

"A more integrated financial system would also help mitigate financial fragmentation and support the effective transmission of monetary policy across the euro area," the opinion states. "Additionally, a more integrated financial system with broader, deeper and more liquid markets may increase diversification possibilities."

National licensing has produced uneven outcomes. Major exchanges have routed their MiCA authorizations through specific jurisdictions, with Coinbase securing its license via Luxembourg and OKX and Gemini through Malta, while Kraken built out its EU derivatives stack using a MiCA license from the Central Bank of Ireland alongside a Cypriot MiFID entity.
ESMA has previously warned that "the EU is not a place for forum-shopping," and has separately flagged concerns that some firms have given misleading impressions of their MiCA status.

That dynamic helps explain the political resistance. Ireland, Luxembourg, and Malta, all home to substantial CASP licensing activity, have expressed reservations about handing oversight to Paris, arguing it could weaken national supervisors and the financial sectors that have grown around them. The ECB's opinion is non-binding, and the proposal now enters negotiations between EU member states and the European Parliament, expected to last several months.$BTC
$ETH
$BNB