Shares in IREN Ltd closed trading on Wednesday up 11.4% after it reported mining more Bitcoin than MARA Holdings in July.

IREN soars 11% after mining more Bitcoin than MARA in July

The Shiba Inu community is in its most defining moments as it kicks off its 
first election that will decide an interim president and set the course for 
the $7 billion token ecosystem’s future. With the fifth “Shib Year” now 
underway, some community members see the election as a significant step toward 
decentralization, with debates over leadership, transparency, and 
accountability heating up across the community. What’s Happening Inside the 
Shiba Inu Community In an August 4 post titled ELECTIONS, Shiba Inu’s lead 
developer, Shytoshi Kusama, announced that the community will choose a new 
lead visionary and councils for each DAO, calling it “the true birth of a 
network state.” The election announcement has brought long-standing 
frustrations to the surface, with some community members accusing Kusama of 
poor leadership, lack of transparency, and keeping too much control in the 
hands of a few. Related Reading: Man Who Threw Away $1 Billion In Bitcoin 
Debunks Rumors, Here’s The Progress Woof Swap, a vocal voice in the Shiba Inu 
ecosystem, has been especially blunt, calling for leadership with “actual 
ability, not just visibility.” They wrote, “We don’t need an incompetent 
president,” and stressed that leaders must have the skills, strategy, and 
resources to guide the project forward. Other long-time supporters, like Shiba 
Germany, have raised concerns about broken promises, such as the unfulfilled 
goal of activating 100 validators and onboarding a billion users. There is 
also unease about projects like SHY and POE, seen as distractions from Shiba 
Inu’s core goals, arguing that the election will only work if it leads to 
leaders aligned with Ryoshi’s original vision of transparency, 
decentralization, and shared responsibility. How The Shiba Inu Major Electoral 
Process Will Work The Shiba Inu elections will unfold in three main phases. 
First, open nominations will allow any member of the community to apply. The 
top ten nominees will move on to a debate stage, with live or recorded 
sessions hosted across platforms. A second vote will narrow the field to three 
finalists, who will then face a final vote one week later. The winner will 
serve as interim president until the position is formally approved, no later 
than four months after the start of “Shibizenship.” Related Reading: Shiba Inu 
Team Member Reveals ‘Primary Challenge’ And ‘Top Priority’ Amid Market 
Uncertainty Voting will follow a “1 token = 1 vote” system with any SHIB 
ecosystem token &#8211; SHIB, BONE, TREAT, or LEASH. Kusama argues that the voting 
system is fair by giving more influence to those with the most invested in the 
ecosystem’s success, as they have the most at stake. But the Shiba Inu 
Foundation will still hold veto power, a point that has fueled claims the 
process is more “controlled democracy” than complete decentralization. The 
interim president will coordinate the transfer of power, carry out the vision 
laid out in the “Shib White Paper,” establish the first congress of four DAO 
councils, and manage the community’s billion token economy. Logistical 
details, including the exact dates for nominations, debates, and voting, will 
be announced soon. With millions of holders worldwide and billions in value on 
the line, the outcome of these elections will shape Shiba Inu’s direction for 
years to come. Featured image from Unsplash, chart from TradingView.com

Here’s What Is Going On In The Shiba Inu Community Amid Major Electoral Process

More than 1.035 million Ethereum worth $4.167 billion have been accumulated by 
unknown whales and institutions over the past month.

Institutions grab 1.03m Ethereum worth $4.17b, ETH price breaks $4,000

While ethereum’s price is $4,196.59 — 14% below its all-time high — it has 
positioned itself in a strong bullish structure heading into Saturday, 
supported by a market capitalization of $506.14 billion. With a 24-hour 
trading volume of $43.69 billion and an intraday range between $3,895.26 and 
$4,237.28, ethereum’s current trend is one of steady […]

Ethereum Price Watch: Market Eyes Breakout Toward $4,500 Target

World Liberty Financial is pursuing a $1.5 billion fundraising round to create 
a public company that would hold WLFI tokens. The Trump family-backed business 
has reportedly reached out to cryptocurrency and technology investors for a 
treasury company structure that matches…

Trump-linked World Liberty proposes $1.5b crypto vehicle to hold WLFI tokens

A week after selling $8.3 million in ETH, Arthur Hayes bought back at a higher 
price, telling Crypto Twitter he’ll “never take profit again.”