Is Shiba Inu’s Shytoshi Kusama Elon Musk?

The Shiba Inu [SHIB] ecosystem has been thriving since its inception. The network saw immense growth in price, user base as well as partnerships. While several called out meme coins for their lack of utility, SHIB was boosting its real-life use cases. Amidst this success, the people behind the network remain masked, quite literally. The market does not know who Ryoshi, the anonymous founder of SHIB, or its lead developer Shytoshi Kusama

Several conjectures about the identity of Shytoshi Kusama started to surface. A popular choice was Elon Musk, the billionaire behind Tesla. Musk has time and again asserted his inclination towards Dogecoin [DOGE]. As a result, the community wasn’t surprised that Musk would opt to support another canine-inspired meme coin. Read more

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Dollar set for weekly gain, cyber outage unnerves investors

Dollar set for weekly gain, cyber outage unnerves investors LONDON, July 19 (Reuters) - The dollar rose in jittery trading on Friday, as a worldwide cyber outage that hit banks, airlines and broadcasters unsettled investors, although volatility in the currency market remained contained. Signs of disruption in one of the world's busiest financial centres emerged as London trade got underwa y. LSEG Group LSEG.L , which runs the London Stock Exchange, suffered an outage that affected user access to some of its products. Risk appetite has recoiled this week, punishing technology stocks in particular, while expectations for a rate cut as early as September from the Federal Reserve ha ve taken a chunk out of the dollar, especially against low-interest rate currencies such as the yen and the Swiss franc. The huge gap between U.S. rates and those in Japan and even in Switzerland has created an opportunity for investors to sell those currencies to fund purch...

Mog Coin Embraces “Degen” Culture with Memes & Merch

Mog Coin Embraces “Degen” Culture with Memes & Merch Mog Coin is one of the most talked-about meme coins this week. Launched in July last year on Ethereum, this self-proclaimed “culture coin” mainly traded sideways in its early days. This lasted until February. After that point, MOG began to rally and has consistently been one of the meme coin market’s top performers. Much of MOG’s appeal stems from its simple concept. It’s not trying to solve complex blockchain problems or revolutionize the DeFi space. Instead, MOG’s here for a good time – not a long time. And the coin’s ethos is simple: Always be “mogging,” which is internet slang for outclassing others. With a max supply of 420,690,000,000,000 tokens, MOG has embraced its degen status wholeheartedly. It’s got merch, memes, and even a discount code for Pit Viper sunglasses. Ultimately, it’s a token that doesn’t take itself too seriously. And sometimes, that’s enough to go viral when it comes to mem...

Funds from US and Japan make bigger plays on D-Street

Funds from US and Japan make bigger plays on D-Street Institutional investors from US and Japan are taking higher exposures to Indian equities following the general election outcome giving the Modi-led NDA government a third term, which is expected to ensure continuity in policies. The combined weight of US and Japan-based funds in the total equity exposure of FPIs in India reached a record high of 45.1% at the end of June 2024 compared with the five-year average of 41.4%, according to NSDL data. US-domiciled funds accounted for a record 42.2% share while Japanese funds held 2.9%, nearing a four-year high. Read more

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