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๐Ÿš€๐Ÿš€ Buckle up, BTC enthusiasts! Meme coin Shiba Inu (SHIB) is making waves with a whopping 300% increase in token burns in just 24 hours! ๐Ÿ”ฅ๐Ÿ”ฅ Almost 100 million SHIB tokens have been removed from circulation, following a similar trend last month when over 15.5 billion assets were destroyed. The goal? To reduce the maximum supply of nearly 1 quadrillion SHIB tokens, making them scarcer and potentially more valuable over time. ๐Ÿ’ฐ๐Ÿ’ฐ But that's not all! SHIB's price has also seen a green light, up around 4% on a daily scale. This coincides with the overall market recovery, with our beloved Bitcoin (BTC) soaring to $72,000 and Ethereum (ETH) reclaiming the $3,600 mark. ๐Ÿ“ˆ๐Ÿ“ˆ There's more good news for SHIB! The development of the layer-2 blockchain solution Shibarium could positively impact SHIBโ€™s value. Launched last summer, Shibarium aims to support the development of decentralized applications (dApps), including DeFi projects, non-fungible tokens (NFTs), and gaming applications, within the Shiba Inu ecosystem. ๐ŸŽฎ๐ŸŽฎ Shibarium also aims to enhance user experience with high transaction throughput and lower costs, making it an attractive platform for developers and participants in the cryptocurrency space. Earlier this month, Shibarium surpassed the 4 million mark in terms of total blocks. ๐ŸŽ‰๐ŸŽ‰ So, keep your eyes on the prize, BTC fans! The crypto world is full of surprises! ๐ŸŒ๐ŸŒ

๐Ÿš€๐Ÿš€ Buckle up, BTC enthusiasts! Meme coin Shiba Inu (SHIB) is making waves with a whopping 300% increase in token burns in just 24 hours! ๐Ÿ”ฅ๐Ÿ”ฅ Almost 100 million SHIB tokens have been removed from circulation, following a similar trend last month when over 15.5 billion assets were destroyed.

The goal? To reduce the maximum supply of nearly 1 quadrillion SHIB tokens, making them scarcer and potentially more valuable over time. ๐Ÿ’ฐ๐Ÿ’ฐ

But that's not all! SHIB's price has also seen a green light, up around 4% on a daily scale. This coincides with the overall market recovery, with our beloved Bitcoin (BTC) soaring to $72,000 and Ethereum (ETH) reclaiming the $3,600 mark. ๐Ÿ“ˆ๐Ÿ“ˆ

There's more good news for SHIB! The development of the layer-2 blockchain solution Shibarium could positively impact SHIBโ€™s value. Launched last summer, Shibarium aims to support the development of decentralized applications (dApps), including DeFi projects, non-fungible tokens (NFTs), and gaming applications, within the Shiba Inu ecosystem. ๐ŸŽฎ๐ŸŽฎ

Shibarium also aims to enhance user experience with high transaction throughput and lower costs, making it an attractive platform for developers and participants in the cryptocurrency space. Earlier this month, Shibarium surpassed the 4 million mark in terms of total blocks. ๐ŸŽ‰๐ŸŽ‰

So, keep your eyes on the prize, BTC fans! The crypto world is full of surprises! ๐ŸŒ๐ŸŒ

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๐Ÿš€Buckle up, BTC enthusiasts! A recent WSJ report alleges that Binance, the crypto exchange behemoth, dismissed an investigator who uncovered market manipulation by DWF Labs, one of its clients. But hold your horses! ๐ŸŽ Binance has denied the allegations, asserting its strict market surveillance program that doesn't tolerate market abuse. ๐Ÿšซ ๐Ÿ”According to the WSJ, Binance's VIP clients, who accounted for two-thirds of the company's total trading volume in 2023, were involved in wash trading and pump and dump schemes. One such VIP client was DWF Labs, which was accused of the same crime in 2023. ๐Ÿ’ฐDWF Labs, which made a minimum of $4 billion in trades per month, supposedly proposed to its clients that it could "drive up" token prices and create "artificial volumes" on the exchange and other platforms. The Binance investigators found that DWF Labs manipulated the price of the Yield Guild Game (YGG) token and six others, processing $300 million in wash trades in 2023. โš ๏ธHowever, when the surveillance team reported DWF's activities to Binance, the crypto exchange fired the head of the project one week later. A Binance executive told WSJ that the investigator was dismissed after an internal inquiry found the allegations against DWF Labs were not "fully substantiated." ๐Ÿ”ˆBinance and DWF Labs have both refuted the WSJ report. Binance emphasized its intolerance to market abuse and its commitment to ensuring healthy competition in the industry. DWF Labs, on the other hand, called the allegations "unfounded" and a distortion of facts. Stay tuned for more updates! ๐Ÿ“ก
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