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Decentralized finance (DeFi) protocol Lido Finance is considering ending its liquid staking service on the Polkadot and Kusama ecosystems.

The lead SHIB developer, widely known to the Shiba Inu community under the alias Shytoshi Kusama, has taken to Twitter to share his thoughts and guesses as to who might be behind the FUD that is being poured on the SHIB token and its Layer 2 blockchain that is about to kick off in beta.

Lido Finance governs ending liquid staking on the Polkadot and Kusama systems, according to a proposal submitted on the forum on March 8.

The proposal comes as MixBytes, Lido's partner developer firm for Polkadot and Kusama liquid staking, announced to stop supporting the networks.

Twitter account @theshibdream has tweeted a complaint and a warning that it has fallen for a recently emerged scam account impersonating Shytoshi Kusama and lost all their SHIB tokens. Last year, the people behind this account launched a SHIB VIP Social Network.

According to a recent tweet by WhaleStats wallet tracker, approximately 11 hours ago, anonymous whale "BlueWhale0073," ranked 254th by the aforementioned platform, purchased slightly under 201 billion Shiba Inu meme tokens.

The lead developer of Shibarium, Shytoshi Kusama has disclosed that the beta version of the project would be released soon.

The news of Kusama's blue check mark was met with a great deal of excitement within the SHIB community, with many users taking to Twitter to express their congratulations.

After getting off to a great start in 2023, the increase in the market for cryptocurrencies has now cooled down somewhat. Despite the slowdown in price gains, the development teams behind a number of different digital assets are taking the initiative to help their particular assets increase their value.

Twitter user and, apparently, Shiba Inu fan @Rachelkillings has drawn the attention of the SHIB army to a message that appeared in the Twitter bio of Shytoshi Kusama but was later removed. @Rachelkillings wondered what it could mean, asking for the opinion of the SHIB army.

The Polkadot (DOT) and Kusama (KSM) price could resume their increase if they bounce at their current support levels.

Rumors that the pseudonymous developer of Shiba Inu token and Shibarium EVM-compatible Layer 2 solution have been emerging here and there on Crypto Twitter for a long while already.

Shiba Inu Coin News: The team building highly anticipated layer-2 blockchain Shibarium recently shared a link to their new website and intake system. The ‘Join Shibarium' portal is designed to make the world a better place with low-cost, fast, and powerful technology.

Shiba Inu (CRYPTO: SHIB) is up 3.12% in the last 24 hours, after Shytoshi Kusama, the lead developer of SHIB, released a new network adoption portal, 'Join Shibarium', on Sunday.  What Happened: Kusama invited everyone looking to contribute to the Shiba Inu layer-2 network Shibarium to join the 'Join Shibarium' portal.

Crypto analytics firm Santiment says Polkadot (DOT), Kusama (KSM) and Cardano (ADA) are leading the markets in one key metric. Santiment says that the top three blockchain projects with the most development activity are DOT, KSM and ADA.

Santiment data shows that Polkadot (DOT) and Kusama (KSM) have topped the charts with 558.07 GitHub commits in the last 30 days

The lead developer of Shiba Inu (SHIB), Shytoshi Kusama unveiled his plans for Shibarium. Kusama explained his journey toward developing a platform that was different and viable for the common ecosystem.

The lead developer of Shiba Inu has disabled an option to send messages on his "All Things Shibarium" channel on Telegram until further notice.

On Tuesday, Shytoshi Kusama, lead developer of Shiba Inu, spread the word on the Shibarium Telegram channel about the Layer-2 solution being ready. But now, he has locked the channel stating that the group would be reopened after all documents were released.

Shytoshi Kusama, the lead developer of the Shiba Inu token, is currently busy preparing the release of the Layer-2 solution for the SHIB network.

While the SHIB army may be eager to find out who is hiding behind the Shytoshi Kusama pseudonym, the theory they suggested this time seems to be far from the truth. However, you never know.

Some SHIB fans have recently shared on Twitter that lead developer of Shiba Inu Shytoshi Kusama may have dropped a hint on another time mark before which Shibarium might be launched.

The reason for Musk's posting a dot symbol proved to be serious, pragmatic and far from a joke or mere entertainment, as many first thought it was.

Earlier today, Twitter chief Elon Musk, who bought it for roughly $44 billion in October last year, issued a tweet that got his followers to smile, as it clearly seemed to be a joke.