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Burns have been an essential part of the Shiba Inu [SHIB] ecosystem. The network has been sending tokens into dead wallets for the longest time. This is done to reduce the circulating supply and boost the price of the meme coin. With its current circulating supply at 589,270,536,354,484 SHIB, the network has a lot of assets to eliminate. But the question is how will Shiba Inu carry out large-scale burns? The marketing lead for the Shiba Inu ecosystem, Lucie, highlighted in a recent update that the extensive playtime of Shiba Eternity will contribute to an increased number of SHIB burns. She predicted that when more individuals played the Web3 version of Shiba Eternity, the number of Shibarium transactions would increase. The more people play Shiba Eternity , the more transactions will happen on #Shibarium , the more $BONE will be used , the more $SHIB will be burned , and the greater the demand for Shiboshis will be . THIS IS CALLED AN ECOSYSTEM pic.twitter.com/yIxwz3fV1Z — 𝐋𝐔?...

Ripple’s CEO, Brad Garlinghouse, predicts that exchange-traded funds [ETFs] for crypto currencies like XRP, Solana [SOL], and Cardano [ADA] are on the horizon. Speaking at the Consensus 2024 conference, Garlinghouse expressed his certainty that these ETFs would soon be available, following the recent approval of spot Bitcoin [BTC] and Ethereum [ETH] ETFs. He stated, “It’s just a matter of time, and it’s inevitable there’s gonna be an XRP ETF, there’s gonna be a Solana [SOL] ETF, there’s gonna be a Cardano [ADA] ETF and that’s great.” Ripple, which has a strong connection to XRP, has been closely watching regulatory developments. The approval of key filings for ether ETFs by the U.S. Securities and Exchange Commission [SEC] indicates a changing regulatory landscape. However, these ETFs still need final approval before they can begin trading. Cathie Wood, CEO of ARK Invest, noted during the conference that crypto ’s rol...

Shiba Inu [SHIB] has continued to remain the world’s second-largest meme coin by market capitalization. The asset has shown impressive resilience and potential for future growth. In the last 24 hours, SHIB surged by 5.75%, fueled by speculation surrounding the potential approval of the first spot Ethereum ETF. This rally propelled SHIB’s value above the $0.000025 threshold. Despite being down 6% over the past 30 days, SHIB has rallied over 5% in the past two weeks, prompting questions about its future price trajectory. Source As of press time, SHIB was valued at $0.00002642, marking a notable 10% daily surge. This upward momentum has sparked renewed interest and speculation within the crypto community regarding SHIB’s long-term prospects. Market Analysis and predictions by Telegaon, a well-regarded source of market insights, have added fuel to this speculation. They have been projecting that Shiba Inn could reach a price of $0.035 or 3.5 cents, by 2040. Also R...

Dogecoin [DOGE], the crypto currency born from internet meme culture, has been a wild ride for investors in recent times. As it faces rejection from its recent high of $0.165, questions arise about the profitability of DOGE holders amidst the market’s ups and downs. At press time, the asset was trading at $0.1441, DOGE experienced a 3% daily drop from its peak on May 6. This signals a 12% loss since then. This downturn erases much of the gains it made in March, leaving investors wary of its future trajectory. Source Also Read: Dogecoin Metric Surges 582% as DOGE Whales May Drive a Rally Yet, amidst this volatility, a recent report sheds light on DOGE’s investor landscape. Surprisingly, over 83% of DOGE holders find themselves in profit, as per data from IntoTheBlock. This resilience showcases the community’s ability to weather market fluctuations and maintain profitability, especially for those who entered the market before its surge to $0.16. In c...

The cryptocurrency market remains a source of fascination for investors worldwide, with flagship assets like Bitcoin and Ethereum consistently in the spotlight. However, amid the multitude of digital currencies available, Shiba Inu (SHIB) has emerged as a particularly intriguing option, boasting impressive gains in recent periods. Recent data indicates a significant surge in Shiba Inu’s value, with its price rising by 7% over 24 hours. However, it comes with an astonishing 20% increase over the past week. Currently valued at $0.00002963, SHIB’s performance has ignited widespread interest and speculation among investors and analysts alike. Source The rise of Shibarium, a blockchain ecosystem tailored specifically for Shiba Inu, has played a significant role in bolstering the asset’s positive momentum. Additionally, the notable uptick in SHIB’s daily transaction volume underscores the growing demand and enthusiasm surrounding this decentralized finance (DeFi) ...

Elon Musk confirmed in the latest press conference that Tesla will enable Dogecoin payments shortly. He explained that DOGE will become one of the official payment methods to buy Tesla soon. However, he did not specify a tentative time about when Tesla will enable Dogecoin payments. Also Read: BRICS: Elon Musk Says America Will Go Bankrupt The billionaire was speaking at the ‘We Are Giga’ event in Texas and openly expressed his support for Dogecoin . He spoke on stage in front of hundreds of people and called “ Dogecoin to the moon, ” as the crowd roared and cheered. JUST IN: Elon Musk says Tesla will enable $DOGE payments "at some point, Dogecoin to the moon." pic.twitter.com/nZaLhXlvgL — Watcher.Guru (@WatcherGuru) March 14, 2024 Tesla Will Enable Dogecoin Payments: Elon Musk Source: Twitter The billionaire explained that he supports Dogecoin as it is the currency of the poor people. He stressed that rich people buy...

In the current landscape dominated by the ascent of exchange-traded funds (ETFs), the cryptocurrency realm is witnessing yet another pioneering proposal. With the recent groundbreaking approval of spot Bitcoin ETFs in the United States, the Shib Army has embarked on a mission to champion the establishment of an ETF dedicated to Shiba Inu (SHIB). This endeavor represents a significant leap forward for the meme coin. Under the leadership of Lucie, a marketing specialist within the network, the Shib Army has initiated a petition urging Grayscale Investments to explore the creation of a SHIB ETF. This proactive stance underscores the growing acknowledgment of Shiba Inu as a prominent contender in the cryptocurrency landscape. It even mirrors the community’s aspiration to broaden access to SHIB investments. Petition · Proposal for an Shiba Inu (SHIB) ETF by Grayscale Investments https://t.co/Wq0xJLx2Zz — 𝐋𝐔𝐂𝐈𝐄 | SHIB....

In a detailed thread on X, cryptocurrency exchange Backpack announced that it has started offering official crypto trading services.  Backpack has been founded by FTX’s former general counsel, Can Sun, and former Alameda Research software developer, Armani Ferrante.  Also Read: Circle To End USDC Stablecoin Support on TRON Ex-FTX and Alameda Executives Backed Crypto Exchange Backpack Commences Operations Source: Analyticsinsight.net A new cryptocurrency exchange has recently been introduced to the sector. Named Backpack, the exchange has been launched by Can Sun and Armani Ferrante, the former FTX and Alameda executives.  Discussing its proceedings at length, Backpack took to X to share that it will be starting its exchange services in 11 US states.  USA Welcome to Backpack Exchange. We're going live in 11 states. pic.twitter.com/k1a0SR0yQG — Backpack 🎒 (@Backpack) February 21, 2024 Per its official help desk, the exchange ...

Bitcoin’s resurgence above the $50,000 threshold has reverberated across the cryptocurrency sphere, fueled by optimism stemming from potential interest rate adjustments and recent regulatory greenlights for US-based exchange-traded funds (ETFs). Within this bullish atmosphere, meme coins have once again taken center stage, showcasing their resilience and magnetizing investor attention. Dogecoin [DOGE] As the OG meme coin, Dogecoin has steadfastly maintained its position, witnessing a daily surge of 2.40%. Currently priced at $0.08234, DOGE has rebounded significantly from recent downturns, solidifying its status as a beloved fixture within the crypto community. Source Also Read: Shiba Inu in 2050: Cryptocurrency of the Future or Passing Fad? Shiba Inu [SHIB] Another prominent player in the meme coin realm, Shiba Inu, has commanded considerable interest since its inception. Despite being initially hailed as a potential “DOGE Killer,” SHIB continues its p...

The cryptocurrency market has always been a hub of activity, attracting investors eager to leverage price fluctuations for profit. However, a recent move by a Bitcoin whale has left the crypto community astonished, as they managed to amass a substantial $13.5 million in just four days through a sequence of strategic transactions. Identified by blockchain analytics platform Lookonchain, this whale executed a bold maneuver by withdrawing an impressive 2,742 Bitcoin from Binance, one of the leading cryptocurrency exchanges globally. At the time of withdrawal, the value of these BTC amounted to $118.66 million, with each Bitcoin trading at $43,277. A whale deposited 2,742 $BTC($132M) to #Binance 9 hours ago and made ~$13.5M in only 4 days! This whale withdrew 2,742 $BTC($118.66M) from #Binance at $43,277 before $BTC price rose, then deposited all $BTC to #Binance at $48,193 9 hours ago.https://t.co/5Ncwj2uyu9 pic.twitter.com/iCt7HSqZ0I — Lookonchain (@lookonchain) Febru...

The global crypto market capitalization rebounded above the $1.6 trillion milestone on Feb. 2 as the latest non-farm payrolls figures cast doubt on U.S. Fed Chief, Jerome Powell’s recent comments.  The job figures in the latest non-farm payrolls report suggest crypto bulls could position for positive price action.   Powell’s comments send crypto prices into $90 billion tailspin  On Feb. 1, the global crypto market capitalization dipped toward the $1.5 trillion area. This came barely 48 hours after Powell made controversial statements suggesting postponing rate cuts beyond March 2024, as widely predicted.  “Based on the meeting today, I would tell you that I don’t think it’s likely that the committee will reach a level of confidence by the time of the March meeting to identify March as the time to do that. But that’s to be seen,” U.S. Federal Reserve Chairman Jerome Powell Powell’s statements came after a scheduled Federal Open Market Committee (FOMC) meeting on Jan 31. It ...

Switzerland-based crypto bank Sygnum AG has secured over $40 million in a funding round led by asset manager Azimut Holding. The Zurich-headquartered crypto -friendly bank Sygnum AG is set to double down on its acquisition plans and expansion, with the latest funding round valuing the lender at about $900 million. In a blog post on Jan. 25, the bank said it has raised $41 million against an initial target of $35 million in an interim close of its latest funding round, which is named the Strategic Growth Round. News: Sygnum raises more than USD 40 million in interim close of oversubscribed financing round. Read the full announcement here: https://t.co/v2XD4duICY #fundrasing #sygnum — Sygnum Bank (@sygnumofficial) January 25, 2024 While Sygnum did not disclose the full list of backers, it noted that the latest funding was supported by new investors and led by Azimut Holding, a global asset management group. Sygnum employees — who also participated in the funding — together ...

Elwood Technologies LLP, a prominent software-as-a-service platform supported by major financial entities, including Goldman Sachs , has achieved a significant milestone with authorization as a service company from the UK Financial Conduct Authority (FCA). This approval encompasses Elwood’s execution management system (EMS), specifically tailored for security tokens and derivatives, consolidating the company’s standing as a provider of institutional-grade access to digital asset exchanges and liquidity venues. FCA Approval and Adherence to Regulatory Standards The FCA’s approval establishes Elwood as one of the trailblazing digital asset technology firms authorized as a service company. This acknowledgment underscores Elwood’s dedication to meeting stringent regulatory standards akin to those prevalent in traditional finance. It further addresses the escalating demand from institutional investors for a compliant software-as-a-service (SaaS) platform for digita...

The legal dispute surrounding the insolvency of cryptocurrency exchange FTX has taken an unforeseen twist, with Joseph Bankman and Barbara Fried, parents of the former CEO, Sam Bankman-Fried, seeking the dismissal of FTX’s legal action against them. The lawsuit alleges the parents’ involvement in the illicit transfer of funds from the struggling exchange. FTX’s Pursuit of Fund Recovery In September 2023, FTX initiated legal proceedings to reclaim “millions of dollars” from Joseph Bankman and Barbara Fried. They asserted that the funds were illegitimately transferred and that the parents knowingly profited from misconduct at FTX . However, within two months, SBF was found guilty on all seven charges related to defrauding customers and the United States. Furthermore, his sentencing is expected in March. Also Read: SBF Earns Dubious Title of “Worst Witness” Amid High-Stakes Trial Rejection of Allegations Joseph Bankman and Barbara Fried, both pro...

Binance Research highlights potential 2024 crypto trends, including Bitcoin halving, AI integration, and institutional adoption. In their 2024 Analysis , Binance Research outlines several trends that may influence Bitcoin (BTC) and the broader crypto currency market. One key focus is the upcoming Bitcoin halving event, historically associated with significant market movements, although it’s emphasized that this is not a guaranteed cause-and-effect scenario. #Binance Research is delighted to announce the release of our comprehensive industry year-in-review report. We uncover the top crypto industry dynamics of 2023 and discuss key trends as we head further into 2024. Check it out https://t.co/okLKsocwjx — Binance Research (@BinanceResearch) January 15, 2024 You might also like: Hillary Clinton: Bitcoin could replace the dollar as the reserve currency The report also notes a potential increase in institutional crypto adoption, citing the involvement of major ...