Latest Bone ShibaSwap (BONE) News Update

Deep Dive

1. @LucieSHIB: Shibarium’s Phoenix Moment bullish

“Shibarium rises from 4M+ hack ashes – BONE liquidity restored.”
– @LucieSHIB (173.5K followers · 6 Oct 2025)
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What this means: This signals recovery momentum after September’s $4M bridge exploit, where attackers tried draining BONE via validator key leaks. The team’s freeze of 4.6M stolen BONE and infrastructure hardening could rebuild trust.

2. @TheShibmagazine: Delisting Fallout Defense neutral

“Need to move BONE? Bridge is back… repayment plan incoming.”
– @TheShibmagazine (15K followers · 17 Oct 2025)
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What this means: Follows July’s OKX/ONUS delistings that erased 32% of BONE’s value. The push to prioritize Shibarium’s native bridge and DeFi tools (vs CEX reliance) aims to reduce third-party risks but tests user patience.

3. @Shibizens: Governance Meets Scarcity bullish

“BONE’s fixed 250M supply + Shibarium gas role = long-term play.”
– @Shibizens (via U.Today · 1 Aug 2025)
Source
What this means: With 95K on-chain holders, BONE’s deflationary design and governance utility for SHIB burns (via Shibarium tx fees) counter exchange-driven FUD. However, network activity must rebound post-hack to sustain the thesis.

Conclusion

The consensus on BONE is mixed, balancing Shibarium’s technical strides against exchange attrition and exploit aftershocks. Watch the Shibarium bridge’s daily transaction count – a rebound above pre-hack levels (10K+/day) could validate its “gas token” narrative, while prolonged low activity might amplify sell pressure.

Deep Dive

1. Privacy Overhaul Planned (3 December 2025)

Overview:
Shibarium, Shiba Inu’s Layer-2 network, will integrate fully homomorphic encryption (FHE) by Q2 2026 to enable private transactions and confidential smart contracts. This follows a September 2025 breach where attackers exploited transparent asset flows, stealing $4M via validator key compromises. Zama, the encryption partner, confirmed the timeline during a roadmap update.

What this means:
This is bullish for BONE as enhanced privacy could attract institutions and DeFi users seeking confidential transactions. However, the 2026 timeline leaves short-term execution risks, and SHIB’s price remains 20% below pre-breach levels despite the announcement. (Cointribune)

2. Community Token Clash (20 November 2025)

Overview:
Shibburn, a key BONE burn-tracking group, launched a 1:1 SHIB-pegged token on Coinbase’s Base network, triggering accusations of unauthorized token promotion from rival factions. The token lacks trading pairs or audits, and the Shiba Inu team hasn’t endorsed it.

What this means:
This is neutral-to-bearish for BONE, reflecting governance chaos in Shiba Inu’s decentralized structure. While Shibburn claims the token is for reward distribution, the lack of coordination risks diluting trust in ecosystem projects. (Yahoo Finance)

3. Security Upgrades Finalized (2 November 2025)

Overview:
Shibarium disabled its legacy RPC endpoints and migrated to a decentralized infrastructure after a September validator breach. New safeguards include 7-day withdrawal delays and address blacklisting, restoring BONE bridging by mid-October.

What this means:
This is bullish for BONE’s long-term security but highlights lingering vulnerabilities. The network has processed 1.54B transactions post-upgrade, though BONE’s price remains 40% down year-to-date. (MEXC News)

Conclusion

BONE’s trajectory hinges on executing privacy upgrades while stabilizing community trust post-security shocks. With Shibarium’s TVL recovering 137% since November, can BONE leverage its technical pivot to regain momentum in 2026’s risk-off crypto climate?

Deep Dive

1. Privacy Overhaul (Q2 2026)

Overview:
Shibarium, Bone’s Layer-2 blockchain, will implement Fully Homomorphic Encryption (FHE) in Q2 2026, enabling private transactions and confidential smart contract execution. This upgrade, developed with cryptography firm Zama, aims to shield on-chain asset flows from exploits and surveillance.

What this means:
Bullish for BONE’s utility, as private transactions could attract institutional DeFi use cases. Risks include technical complexity and potential delays in FHE integration timelines (Cointribune).

2. Validator Decentralization (Ongoing)

Overview:
Following a September 2025 exploit (4.6M BONE at risk), the team is restructuring validator key management, expanding node operators, and implementing hardware-secured multisigs. A 7-day withdrawal delay now applies to BONE bridging.

What this means:
Neutral-to-bullish. Improved security reduces systemic risks, but over-centralization concerns linger. Decentralization progress will directly impact investor confidence in Shibarium’s resilience.

3. Shiba Alpha Layer Integration

Overview:
The Alpha Layer, a modular rollup framework, will allow developers to deploy app-specific chains (“RollApps”) on Shibarium. BONE remains the gas token, while TREAT and LEASH handle rollup configuration and access control.

What this means:
Bullish long-term. This could diversify BONE’s use cases beyond governance, though adoption depends on attracting developers to build atop Shibarium (Bitcoinist).

Conclusion

BONE’s roadmap balances critical security fixes (decentralization push) with ambitious privacy and scalability upgrades. While recent exploits have pressured prices (-23% over 60 days), successful FHE implementation in 2026 could reposition Shibarium as a privacy-focused L2 contender. Will the Shib Army’s loyalty hold through these technical pivots?

Deep Dive

1. Plasma Bridge Relaunch (14 October 2025)

Overview: Shibarium’s BONE Plasma Bridge resumed operations after a month-long freeze caused by a validator key breach. The update prioritizes attack prevention and user fund safety.

Key changes include a 7-day withdrawal delay for all BONE transfers, allowing time to flag suspicious activity, and a proactive blacklist system at the bridge layer to block malicious addresses. Code audits by Hexens confirmed no protocol-level vulnerabilities.

What this means: This is bullish for BONE because it restores cross-chain liquidity between Ethereum and Shibarium while adding safeguards against large-scale exploits. The delay trade-off enhances security but may temporarily slow user withdrawals. (Source)

2. RPC Infrastructure Migration (2 November 2025)

Overview: Shibarium deprecated its legacy public RPC endpoint, mandating a shift to decentralized node providers to reduce centralization risks.

The old RPC (used for wallet/blockchain communication) will be disabled by mid-November. Developers must now integrate with multiple node providers, distributing network access points.

What this means: This is neutral for BONE – while improving long-term resilience, the migration requires immediate developer effort to avoid service disruptions. Decentralization aligns with crypto ethos but complicates short-term maintenance. (Source)

3. Reimbursement Framework (3 October 2025)

Overview: Post-exploit, developers outlined a plan to compensate users who lost funds in the September bridge attack, pending final approvals.

The framework involves smart contract adjustments to allocate recovered assets (4.6M BONE frozen from the attacker) and protocol fees toward victim repayments.

What this means: This is cautiously bullish for BONE, as restoring user trust is critical. However, delayed implementation (no timeline yet) and reliance on recovered funds introduce execution risks. (Source)

Conclusion

BONE’s code updates reflect a security-first rebuild after September’s exploit, balancing fraud prevention (7-day withdrawals) with ecosystem growth (cross-chain revival). While decentralization efforts and reimbursement plans signal maturity, can Shibarium sustain developer engagement amid tighter security trade-offs? Monitor validator participation rates and bridge usage metrics for momentum clues.