Share this article
Shiba Inu Partners With UAE Ministry of Energy, Boosting SHIB Appeal
The networks partnered with the ministry to use its blockchain activities.
Feb 6, 2025, 12:14 p.m.
What to know:
- Shiba Inu partnered with the UAE's Ministry of Energy and Infrastructure (MoEI) to use its blockchain applications.
- Such partnerships bolster SHIB's appeal, which sits at a $9 billion market capitalization as of Thursday.
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
Ne manquez pas une autre histoire.Abonnez vous à la newsletter Crypto Daybook Americas aujourd. Voir toutes les newsletters
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.”
Publicité
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.
More For You
Solana CME Futures Fell Short of BTC and ETH Debuts, but There's a Catch
When adjusted for asset market capitalization SOL's relative futures volume looks better, K33 Research noted.
What to know:
- Solana's SOL futures began trading on the Chicago Mercantile Exchange (CME) on Monday, with a notional daily volume of $12.3 million and $7.8 million in open interest, significantly lower than the debuts of bitcoin (BTC) and ether (ETH) futures.
- Despite the seemingly lackluster debut, when adjusted to market value, SOL's first-day figures are more in line with BTC's and ETH's, according to K33 Research.
- Despite the bearish market conditions, the launch of CME SOL futures offers new ways for institutions to manage their exposure to the token, said Joshua Lim of FalconX.
Top Stories
