Shiba Inu Weekly Burn Soars 9K% As 14 Mln SHIB Burnt Amid Recent Developments

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Shytoshi Kusama Reveals The Shib Magazine’s Latest Edition, Here’s Everything – Crypto News

Published

2 years ago

March 14, 2024

Dripp

Following a tsunami of breakthroughs witnessed within Shiba Inu’s ecosystem recently, Shytoshi Kusama, the meme coin’s lead developer, captivatingly drew attention to The Shib magazine’s latest edition today, piquing the interest of crypto market enthusiasts globally. In a post shared on X, dated March 14, Kusama spotlights a key partnership for the Shiba crypto community, further showcasing the meme coin’s revolutionary measures to advance with its cryptographic venture across the global crypto realm.

저는 이 프로젝트의 고문이 되어 시바아미에 이어 시바에어포스로서 에어를 이끌것 입니다. 저는 이 기회가 위대한 나라 한국에서 시바에 더 큰 전략적 기회를 제공할 것이라 믿습니다. https://t.co/Wi7qOSH2GX

— Shytoshi Kusama™ (@ShytoshiKusama) March 13, 2024

Meanwhile, SHIB, Shiba Inu’s native token, traded in the green as of press time, mirroring the optimism birthed with the announcement of new developmental endeavors by the Shiba crypto community. Per the coin’s derivatives data, an uptrend in the market further fueled optimism for SHIB.

The Shib’s 16th Edition: Diving Deep

Aligning with Kusama’s post shared on X, The Shib magazine’s latest edition unveiled Shiba Inu’s recent strategic partnership with AIRian. The partnership aims to introduce a remarkable platform where technology and fitness increasingly intersect.

This partnership aims to bring fitness fanatics together and bring about a revolutionary change for the running community across the globe. AIR Token, a revolutionary reward on the partnership-born platform RunnerX, marks this partnership’s vital cause, offering community members rewards that connect the physical and virtual worlds.

With three specified modes on the platform, users get to choose from a variety of feature-based rewards that suit one’s needs. AIR, nonetheless, serves as a governance token and a utility on RUNNER X, the CEO of AIRan Jay Chung stated.

The Shib magazine ruled out a plethora of new features that the AIR token bought for the meme coin’s community. On the other hand, the Shib magazine also spotlighted the SEC’s delaying of the Spot ETH ETF.

With Wall Street juggernauts BlackRock and Fidelity proposing an Ethereum Exchange-Traded Fund, the SEC’s stance on an ETH ETF appears to be low as of now. Gary Gensler, the chair of the SEC, hinted that the process would be the same as it was for Bitcoin. However, the broader crypto industry remains bullish on the potential chances of it getting approved somewhere around May 23, per the magazine.

Also Read: US Seeks Forfeiture of $2.3M in Crypto Tied to Online Scams

Shiba Inu Jumps

As of writing, the Shiba Inu price noted an upswing of 1.04% over the past 24 hours and is currently trading at $0.00003362. With a 10.62% surge in the coin’s open interest and a 6.87% surge in the volume, per Coinglass derivatives data, Shiba Inu paints a bullish outlook for itself as data signaled an uptrend, aligning with the price jump.

With the community’s recent endeavors to jack up SHIB tokenomics weighing in, the meme coin reflects optimistically, the community’s efforts, as seen by its nearly 253% upswing over the past month.

Also Read: Small Cap Meme Coins PEPE, WIF and BONK Hit Fresh All-Time Highs, What’s Cooking?