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Crypto

SHIB projects may restart as updates signal relaunch

Shiba Inu ecosystem game and metaverse projects may be moving toward a restart, with large updates being prepared ahead of a relaunch, according to a report. A community figure, Mazrael, said work is under way on updates for Shiba Eternity and the Shiba Inu metaverse, even though both were temporarily paused. No specific relaunch timetable was provided. Access to Shib: The Metaverse may shift to Shib.io.

Finance

KOSPI slides more than 6 percent, triggers 30th sidecar this year

South Korea\'s KOSPI fell more than 6 percent in early trade on July 2, sliding to the 7,800 level as selling hit major chipmakers including Samsung Electronics and SK Hynix. The Korea Exchange triggered a sell sidecar at 9:07 a.m., the 30th activation this year. Individuals and institutions were net buyers while foreigners sold. The won weakened against the dollar.

Crypto

Shiba Inu slips out of top 30 by market cap amid ecosystem weakness

Meme coin Shiba Inu (SHIB) has slipped out of the top 30 cryptocurrencies by market value, briefly falling to 31st as Tether Gold (XAUT) moved to 30th, The Crypto Basic reported. SHIB is down about 9 percent over the past week, with market capitalisation at about $2.44 billion. Data also showed higher futures than spot trading, long-position losses in liquidations, and slowing ecosystem activity, including Shibarium transactions and TVL.