Dogecoin Updates
Things are heating up in the Dogecoin world! A big development is the launch of a Dogecoin ETP (Exchange Traded Product) in Europe, backed by the official Dogecoin Foundation. This is a first for them! They’re also working on a Dogecoin ETF (Exchange Traded Fund) in the US, joining other companies trying to get one approved.
Remember when Elon Musk briefly changed Twitter’s logo to the Dogecoin logo? That happened a year ago, and it caused a huge price jump! The Dogecoin team even had a playful back-and-forth with Michael Saylor of MicroStrategy on X (formerly Twitter), comparing Bitcoin to “Hungry Hungry Hippos” – a fun jab at the Bitcoin community.
Shiba Inu News
The Shiba Inu (SHIB) scene is buzzing too! The number of SHIB tokens being “burned” (permanently removed from circulation) has exploded recently. A massive burn in a single transaction sent millions of SHIB to a dead wallet, potentially boosting the value of the remaining tokens. This burn rate increase is a positive sign for SHIB’s price.
Even better news: Shytoshi Kusama, the lead developer, is back! He’s hinted at more involvement in Shiba Inu’s future development and even launched a podcast discussing the upcoming “Karma” system, aimed at improving transparency. While the overall crypto market is down, this positive news could help SHIB bounce back quickly.