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SHIB Insider's TREAT Warning, Ripple CTO on Tokenization, and Vitalik Buterin's Dogecoin (DOGE) Surprise: Today's Top Crypto News. Last weekend, the Shiba Inu community received a critical message reminding them to be wary of increasing fraudulent activity in the crypto market. Lucie, the project's marketing lead, took to social media to emphasize the need for caution regarding the Shibarium ecosystem token TREAT. With her posts, Lucie stated that TREAT has not been released yet and warned them to be careful against many fraudsters targeting "#SHIBArmy". He advised those interested in the #Shiba Inu project to only follow official accounts to avoid misinformation and confusion. #TREAT is a reward token used for many purposes, such as providing liquidity for the SHI stablecoin. Last week, especially #Dogecoin enthusiasts were saddened by the news of Kabosu's death. Kabosu, adorably known as “Kabochan,” was the dog that inspired the Dogecoin meme cryptocurrency. Kabosu's owner, Atsuko Sato, announced on social media that her loving pet passed away peacefully in her sleep. Prominent figures in the crypto industry, including Ethereum co-founder Vitalik Buterin, expressed their condolences. Buterin responded to Sato's post with a simple but emotional message: "Rest in peace Kabochan." The #Dogecoin Foundation also paid tribute and said, “Rest in peace, dear Kabosu, dear Doge. "You were very admired," he said. The iconic photo of Kabosu went viral in 2010, and three years later the Dogecoin entity was created, with Kabosu becoming its mascot. $BTC $DOGE $XRP

SHIB Insider's TREAT Warning, Ripple CTO on Tokenization, and Vitalik Buterin's Dogecoin (DOGE) Surprise: Today's Top Crypto News.

Last weekend, the Shiba Inu community received a critical message reminding them to be wary of increasing fraudulent activity in the crypto market. Lucie, the project's marketing lead, took to social media to emphasize the need for caution regarding the Shibarium ecosystem token TREAT. With her posts, Lucie stated that TREAT has not been released yet and warned them to be careful against many fraudsters targeting "#SHIBArmy". He advised those interested in the #Shiba Inu project to only follow official accounts to avoid misinformation and confusion. #TREAT is a reward token used for many purposes, such as providing liquidity for the SHI stablecoin.

Last week, especially #Dogecoin enthusiasts were saddened by the news of Kabosu's death. Kabosu, adorably known as “Kabochan,” was the dog that inspired the Dogecoin meme cryptocurrency. Kabosu's owner, Atsuko Sato, announced on social media that her loving pet passed away peacefully in her sleep. Prominent figures in the crypto industry, including Ethereum co-founder Vitalik Buterin, expressed their condolences. Buterin responded to Sato's post with a simple but emotional message: "Rest in peace Kabochan." The #Dogecoin Foundation also paid tribute and said, “Rest in peace, dear Kabosu, dear Doge. "You were very admired," he said. The iconic photo of Kabosu went viral in 2010, and three years later the Dogecoin entity was created, with Kabosu becoming its mascot.
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Binance Releases 19th Proof of Reserve. Binance, the world's largest cryptocurrency exchange, announced that it has published its 19th proof of reserve. The snapshot date is June 1, 2024. Users' BTC holdings reached 582,000 BTC, an increase of 0.09% compared to the last time (May 1). Thus, there was an increase of 534 BTC. However, users' ETH assets reached 4.664 million ETH, an increase of 7.02% compared to the last time. This represents an increase of 305,000 ETH from May to June. Finally, users' USDT holdings amounted to 22.08 billion USDT, down 3.38% compared to the previous time (772 million #USDT ). Defiling data shows Binance's current asset reserves are US$124.69 billion, with a net outflow of US$1.54 billion over last month. The report also includes data on other cryptocurrencies. You can review these in the table below. Proof of Reserves are assets held by the exchange for users. This means Binance shows evidence of having funds covering all user assets 1:1, as well as some reserves. When a user deposits one Bitcoin, Binance's reserves increase by at least one Bitcoin to ensure customer funds are fully supported. It's worth noting that this does not include the exchange's corporate assets, which are held in a completely separate ledger. “You should make sure that #Binance holds all user assets (and some reserves) in a 1:1 ratio, we have zero debt in our capital structure, and we have an emergency fund (SAFU fund) for emergencies.” Finally, the exchange's 11th Proof of Reserve audit report shows that assets are more than 100% safe. According to Binance, the proof of reserves (#PoR ) report proves that it has enough crypto assets to cover all customers' withdrawals, with reserves available in case of emergency. $BTC $ETH
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Stamina Gauge! Bitcoin Statement from Hong Kong's Top Executive. Hong Kong Securities and Futures Commission (SFC) chairman Julia Leung emphasized Bitcoin's durability as an alternative asset in her speech at the Greenwich Economic Forum. Leung noted Bitcoin's ability to survive despite multiple boom and bust cycles over the past 15 years. While central bankers and economists often argue that cryptocurrencies like Bitcoin and Ethereum lack intrinsic value, Leung noted that the durability of these assets and the Distributed Ledger Technology (DLT) behind them is undeniable. These statements by Leung coincide with the new licensing regime introduced by the SFC for cryptocurrency exchanges. These new regulations now require these platforms to obtain a license to serve individual investors in Hong Kong. However, these regulatory changes have drawn criticism from some quarters. Hong Kong lawmaker Duncan Chiu said the regulations were overly strict and discouraged major global exchanges from entering the Hong Kong market, negatively impacting market confidence. Julia Leung stated that although they support the development of the Web3 ecosystem in Hong Kong, this should not be misunderstood as an endorsement of the crypto asset (VA) class. Leung stated that cryptocurrencies are highly speculative and subject to extreme price volatility. To maintain and balance investor demand, #SFC has taken comprehensive measures to protect investors in this volatile market. Looking ahead, the SFC is preparing for legal regulations for stablecoins. Leung noted that the Hong Kong Monetary Authority (#HKMA ) recently completed a consultation on a proposed regime for stablecoin issuers. These new regulations will require issuers to provide full backing with high-quality, highly liquid reserve assets. The move is seen as part of a broader effort to bring stability and trust to the cryptocurrency landscape in Hong Kong. SFC also takes part in Project Ensemble, a tokenization initiative launched by the HKMA to explore the potential of a central bank digital currency (#CBDC ) $BTC
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