This seemingly innocuous post ignited a firestorm of theories within the Shiba Inu community. Many community members, including prominent figure Sand (@Sand_ShibArmy), interpreted the message as a hint towards Binance integrating Shibarium, Shiba Inu’s Layer-2 scaling solution.

Read Also: Shiba Inu (SHIB) and BONE Gain Momentum As Shibarium Launch Nears

This integration would allow users to deposit and withdraw SHIB and other Shiba Inu ecosystem tokens directly on the Shibarium blockchain, potentially boosting transaction speeds and reducing costs.

Furthermore, speculation swirled around the possibility of Binance offering incentives related to BONE and LEASH, the governance and utility tokens within the Shiba Inu ecosystem. Popular community member Kuro (kuro_9696_9696) even went a step further, redesigning Binance’s image to incorporate the logos of Shibarium, BONE, and LEASH, seemingly solidifying this interpretation for some.

It’s important to note that Binance has not made any official announcements regarding Shibarium support or incentives for BONE and LEASH. While the tweet has undoubtedly ignited excitement, the true meaning behind it remains unconfirmed.

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Efforts to Increase Shiba Inu (SHIB) Burns

This news comes amidst ongoing efforts from the Shiba Inu community to encourage leading cryptocurrency exchanges to participate in SHIB burning initiatives. The community has previously expressed a desire for Binance and Coinbase to implement SHIB burns, potentially utilizing a portion of trading fees to burn tokens.

On July 9, community figure Lola requested that Binance CEO Richard Teng consider extending the exchange’s ongoing LUNC burn program to SHIB. SHIB token burns can help boost its price, as the reduced supply can create scarcity.

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Read Also: Analyst Foresees 113,302% SHIB Rally as Shiba Inu Aims To Complete All Projects

Beyond Shibarium, the post also sparked speculation among fans of other dog-themed tokens, such as Pawswap (PAW), who hope it might foreshadow support for their favorite assets.

While Binance has yet to respond to this request, incorporating SHIB burning into its operations could significantly reduce the token’s overall supply. According to Shibburn, a platform tracking SHIB burn activity, over 410.7 trillion SHIB tokens have already been burned. This leaves the current total supply at roughly 589.27 trillion, and the circulating supply at $583.3 trillion.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Vitalik Buterin Ph.D. Fellowship Powered by SHIB Token

Earlier today, the Ethereum co-founder poured praises on the Shiba Inu community also known as ShibArmy for their positive contributions. In particular, he pointed out the important role played by the SHIB token in the success of the Vitalik Buterin Ph.D. Fellowship in Artificial Intelligence (AI) Existential Safety.

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In a Twitter post, Vitalik Buterin said, “Big thanks to the Shiba Inu community, whose cryptocurrency made these fellowships possible!”

Meanwhile, the post was in response to a tweet made by Max Tegmark which said, “Please welcome our first class of Vitalik Buterin Fellows in AI Existential Safety, and consider collaborating with them to ensure that AI becomes the best rather than worst thing to happen to humanity!”

Big thanks to the Shiba Inu community, whose cryptocurrency made these fellowships possible!

— vitalik.eth (@VitalikButerin) July 20, 2022

See Also: Shiba Inu (SHIB) Partners With Exo Viewer To Display 3D Shiboshis From Its Upcoming Shiba Game

To note, the Vitalik Buterin Ph.D. Fellowship in Artificial Intelligence (AI) Existential Safety is designed for students starting Ph.D. programs this year. Also, the grant initiative is organized to fund students for 5 years of their Ph.D., with a possible funding extension. 

It is also said that fellows will be invited to workshops where they will be able to interact with other researchers in the field of Artificial Intelligence. 

Application for the 2022 edition of the Ph.D. Fellowship began on September 8 and ended on November 9. Interestingly, 8 winners emerged for the 2022 grant programs for research concerning the safe development and deployment of Artificial Intelligence. 

Read Also: Shiba Inu (SHIB) Crosses $7 Billion in Market Cap, as Total Crypto Market Cap Reclaims $1 Trillion

Shiba Inu Making Waves

The second-largest dog-themed decentralized meme token has made many headlines in the past months. SHIB listings on top exchanges continue to increase while adoption of the meme token as a payment method has been surging as well. 

With this much positive news surrounding the token, many investors seem to be interested in the project, as evidenced by the high accumulation rate of Shiba Inu by whales. Accordingly, the market capitalization of Shiba Inu has risen significantly.

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