Web3🌗Wednesday Shake-Up: Shiba Inu’s Big Deal, Trump’s Crypto Task Force, XRP’s Recovery & FTX Payouts

Web3 is buzzing with major developments today! From Shiba Inu securing a groundbreaking energy deal with the UAE government to Trump’s SEC Crypto Task Force unveiling plans for regulatory clarity, the crypto space is evolving fast. Meanwhile, Ripple’s XRP Ledger is back online after a sudden network halt, and FTX is set to begin creditor repayments in the Bahamas on February 18. These shifts highlight the rapid transformation of blockchain, crypto regulations, and digital finance. Stay tuned as we break down these key updates and their potential impact on the future of Web3.

1. Shiba Inu x UAE: Major energy deal secured

Shiba Inu (SHIB) has taken a major leap from meme coin status by partnering with the UAE government 🇦🇪 to integrate ShibOS into federal operations. This collaboration aims to enhance Web3 solutions in sectors like energy and infrastructure, aligning with the UAE’s blockchain strategy to cut costs and improve efficiency. While the announcement created buzz, SHIB’s price showed only a brief surge before dropping again. Despite volatility, this marks a significant step for Shiba Inu’s adoption beyond speculation. Will this be the breakthrough SHIB needs to gain long-term value?

Shiba Inu Officially Partners With UAE Government For Major Energy Deal

Find out how high Shiba Inu (SHIB) surged after the announcement of its latest partnership with the UAE government

Watcher GuruSahana Kiran

2. Trump’s SEC Task Force: Plans to fix crypto regulations

The SEC’s new crypto task force, led by Hester Peirce, is reshaping regulations to fix past enforcement-driven policies. Peirce criticized the previous approach, emphasizing the need for clear guidelines. Key priorities include defining which cryptocurrencies qualify as securities, streamlining token registration, and addressing crypto lending and staking rules. The SEC is also reviewing applications for new ETFs, including XRP and Solana, while exploring blockchain integration in financial markets. Peirce reassured that transparency will be a focus, encouraging industry feedback through a new crypto-dedicated email. This shift signals a more structured and open regulatory landscape for digital assets.

Trump’s SEC Crypto Task Force Reveals Plan to Get Out of Regulatory ‘Mess’ - Decrypt

The SEC’s new crypto task force lead has unveiled a list of priorities, all while taking aim at the “mess” created by the previous approach.

DecryptMat Di Salvo

3. XRP Ledger: Back online after outage

On February 4, Ripple's XRP Ledger experienced a 64-minute halt, preventing validations from being published. Ripple’s CTO, David Schwartz, stated that the network froze at block height 93927174, with validators manually intervening to restore consensus. Although the network was down temporarily, customer funds remained safe, and only around 88,000 transactions were delayed. The halt raised concerns about XRP Ledger's centralization, with only 35 nodes required to reboot the system, unlike Ethereum's decentralized network. Despite the issue, XRP’s price rebounded after the incident, continuing its strong performance since November 2024. Ripple is still investigating the root cause.

Ripple says XRP Ledger back online after hourlong network halt

Ripple’s XRP Ledger has returned online after a network halt prevented transactions for over an hour.

CointelegraphBrayden Lindrea

4. FTX: Bahamas creditor payouts begin Feb 18

FTX is set to repay creditors nearly three years after its collapse. Starting February 18, creditors with claims under $50,000 will receive full payments plus 9% interest via BitGo. These “Convenience Class” claims will be processed first, while other creditors must wait until March 4. Payments may show as pending up to 10 days before becoming accessible. The process has faced legal challenges due to the appreciation of lost crypto assets. The 9% post-petition interest aims to address financial gaps during the bankruptcy period. This marks a major step in resolving one of crypto’s most infamous financial crises.

FTX to begin Bahamas creditor repayments on February 18

FTX will start creditor repayments on February 18, covering claims under $50,000 with 9% interest, processed via BitGo.

Crypto BriefingEstefano Gomez

As Web3 continues to evolve, today’s developments signal major shifts in the crypto and blockchain landscape. From regulatory changes to groundbreaking partnerships, these updates highlight the growing influence of digital assets in global markets. Whether it's Shiba Inu’s UAE energy deal, Ripple’s recovery, or FTX’s creditor repayments, each event shapes the future of decentralized finance. Stay informed, stay ahead, and keep exploring the ever-changing world of Web3.

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