BTC
$98,686.83
0.60%
ETH
$2,796.15
0.26%
USDT
$1.0004
0.01%
XRP
$2.4318
3.93%
SOL
$199.39
2.72%
BNB
$578.13
0.62%
USDC
$0.9999
0.01%
DOGE
$0.2617
1.60%
ADA
$0.7484
1.82%
TRX
$0.2307
2.24%
WBTC
$98,555.66
0.63%
LINK
$19.59
0.98%
AVAX
$26.30
2.68%
SUI
$3.4255
3.46%
XLM
$0.3339
2.93%
TON
$3.8497
0.34%
HBAR
$0.2435
3.96%
SHIB
$0.0₄1576
3.71%
LEO
$9.8030
0.37%
HYPE
$25.27
3.27%
By Shaurya Malwa|Edited by Parikshit Mishra
Feb 6, 2025, 12:14 p.m. UTC
What to know:
Earlier this week, Shiba Inu partnered with the UAE’s Ministry of Energy and Infrastructure (MoEI) to use its blockchain applications in various public sector services.
Such partnerships bolster SHIB’s appeal, which sits at a $9 billion market capitalization as of Thursday.
STORY CONTINUES BELOW
MoEI is set to use Shiba Inu’s Operating System (ShibOS) — on their layer-2 blockchain Shibarium — to integrate blockchain-based programs and applications into government services to streamline operations, increase transparency, and enhancing security.
“Whether it’s reinforcing our net-zero roadmap or modernizing how we manage energy and infrastructure,” Sharif Al Olama, Undersecretary for Energy and Petroleum Affairs at MoEI said. “Shiba Inu’s decentralized solutions align perfectly with our mission to remain a global innovator.”
The MoEI oversees energy, infrastructure, housing, water resources, and transportation sectors, with key initiatives including the UAE Energy Strategy 2050 and ongoing partnerships for blockchain integration.
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.
Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM,
BANANA, ROME, BURGER, SPIRIT, and ORCA.
He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.
Disclosure
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