Trump Orders Federal Agencies to Halt Use of Anthropic AI Technology 
Samsung and SK Hynix Shares Hit Record Highs as Nvidia Earnings Boost AI Chip Demand 
BTC Blasts +$3,500 to $66,300 High — ETF Inflows Spark Institutional Comeback, Bulls Target $75K 
Hyundai Motor Group to Invest $6.26 Billion in AI Data Center, Robotics and Renewable Energy Projects in South Korea 
Nvidia Earnings Beat Expectations as AI Demand Surges, Stock Rises on Strong Revenue Outlook 
xAI’s Grok Secures Pentagon Deal for Classified Military AI Systems Amid Anthropic Dispute 
Nvidia Earnings Preview: AI Growth Outlook Remains Strong Beyond 2026 
Meta Signs Multi-Billion Dollar AI Chip Deal With Google to Power Next-Gen AI Models 
Samsung Stock Hits Record High on Nvidia HBM4 Supply Deal, Boosting AI Chip Rally 
Amazon’s $50B OpenAI Investment Tied to AGI Milestone and IPO Plans 
Trump Pushes Tech Giants to Build Power Plants to Offset AI Data Center Energy Costs 
OpenAI Targets $600B Compute Spend as IPO Valuation Could Reach $1 Trillion 
OpenAI Hires Former Meta and Apple AI Leader Ruomin Pang Amid Intensifying AI Talent War 
Shibarium's Total Value Locked (TVL) surged 17% as new enhancements expedited BONE token transfers to Ethereum, significantly boosting transaction speed and trading volume.
Shibarium's BONE Transfer Time Slashed to 45 Minutes, Marking a Significant Upgrade and Boosting Efficiency
According to CoinGape, Bone ShibaSwap token holders can transfer their BONE holdings in an unprecedented forty-five minutes. This signifies a substantial upgrade, demonstrating Shibarium's determination to adopt technological progress. Additionally, it proves a more extensive dedication to streamlining operations and increasing efficiency.
As stated by the Shiba Inu development team in an article for TheShibDaily, the transfer of BONE tokens from Shibarium to Ethereum required users to endure a seven-day delay. A lock-in period would be implemented on the BONE tokens for the week, increasing users' time to engage with the Layer 2 (L2) solution, Shibarium.
This period of interaction was considered a potential factor influencing the price of Bone ShibaSwap. The enhancement is additionally advantageous for the cost of Bone ShibaSwap, signifying a strategic shift away from an era in which price was determined by leveraging interaction time. Conversely, the network emphasizes ecosystem stability, user experience, and network efficiency as prospective catalysts for market value creation in BONE.
Lucie Sasnikova, a technology and marketing specialist for Shibarium and the Shiba ecosystem, announced the enhancement in a post on X (previously Twitter)
Moving forward, ecosystem participants would benefit from streamlined processes prioritizing the convenience of community members and network inhabitants.
In addition, the ascendancy of the Shibarium L2 among Decentralized Finance (DeFi) protocols is well-positioned to benefit from this development.
The Total Value Locked (TVL) of Shibarium has increased by 17% in the past five days, from $2.11 million on May 24 to $2.47 million at press time, according to data from DefiLlama.
New System Checkpoints Expedite BONE Transfers, Boosting Asset Management and Application Development on Shibarium
The development team emphasizes that all BONE token departures from the Shibarium ecosystem will be subject to a checkpoint under the new system. As part of the new system:
- BONE holders will be able to manage their assets faster
- Project builders can develop complex and urgent applications on the L2 chain.
It is worth noting that this improvement will exclusively be implemented on ongoing transfers; transfers initiated before the upgrade will be required to wait seven days.
The price of BONE has increased by nearly 2% over the last twenty-four hours, reaching $0.6865 at 21:05 GMT, on a 15% surge in trading volume.
Photo: Microsoft Bing
