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

Shiba Inu Raises $12M for its New Blockchain

Shiba Inu, a memecoin built on Ethereum, has raised $12 million from investors for its upcoming #blockchain project. The funding, secured via the sale of the #TREAT token, will power a Layer 3 blockchain built atop Shibarium. Utilizing fully homomorphic encryption, the new blockchain prioritizes privacy and compliance. #Testnet is slated for Q3, with #mainnet following rigorous testing.

Investors include Polygon Ventures, Mechanism Capital, Big Brain Holdings, Shima Capital Animoca Brands, Morningstar Ventures, Woodstock Fund, DWF Labs, Stake Capital and Comma 3 Ventures.

$SHIB

😱💲💲Shiba Inu raises $12 million in token round for its new blockchain

#ShibaInu has raised $12 million through the #TREAT token to develop its new privacy-focused Layer 3 blockchain.

The investors include Polygon Ventures, Mechanism Capital, Big Brain Holdings and Shima Capital Dec.

Shiba Inu, the team behind the popular namesake memecoin, has raised $12 million by selling its unreleased token Treat to venture capital investors outside the United States. Shiba Inu said on Monday that these investors include Polygon Ventures, Mechanism Capital, Big Brain Holdings, Shima Capital, Animoca Brands, Morningstar Ventures, Woodstock Fund, DWF Ventures, Stake Capital and Comma 3 Ventures.

However, when questioned, some of these investors, such as Mechanism Capital and Shima Capital, seem to be headquartered in the USA, Shiba Inu's lead developer, known as Shytoshi Kusama, told The Block that none of the investors are based in the USA.

Kusama said Shiba Inu started offering raises for the tour a few months ago and finished it earlier this month. He declined to comment on the valuation, but a source with direct knowledge of the matter told The Block that it is a tranched round, with each tranche occurring at valuations of $75 million, $100 million and $200 million, respectively.

Kusama said that the coin round consists of both pre-seed and seed rounds.

Shiba Inu's TREAT token
According to Shiba Inu, the TREAT token serves as a "utility and governance token" of the new privacy-oriented Layer 3 blockchain, built on Shibarium, the Ethereum Layer 2 blockchain.

TREAT will be the last non-stable token of the Shiba Inu ecosystem, Kusama said, adding that the ecosystem will introduce a new token called Shi later this year.

Although the TREAT token has not been released yet, CoinGecko and CoinMarketCap are already displaying some trading volume for certain TREAT tokens. Kusama called it a "hoax". Kusama said, " The authentic CATERING token is Shiba Inu Mint S, a Panamanian company.A. it will be printed by," he said.
#SHIB #Memecoins

🚀🚀🚀 Critical move from Shiba Inu (SHIB): Is the real rise starting?

#ShibaInu (#SHIB ), one of the leading names of memecoins with dogs, has raised $ 12 million to develop a new privacy-oriented Layer-3 blockchain.

The team behind the popular memecoin of the same name has raised $ 12 million by selling TREAT, its token that has not yet been released to the market, to venture capital investors outside the United States. Monday's announcement by Shiba Inu (SHIB) Decrees that the investors include Polygon Ventures, Mechanism Capital, Big Brain Holdings, Shima Capital, Animoca Brands, Morningstar Ventures, Woodstock Fund, DWF Ventures, Stake Capital and Comma 3 Ventures.

Shiba Inu (SHIB) has reminded itself with these developments!
Shytoshi Kusama, known as the chief developer of Shiba Inu, said that the project started going up for the round a few months ago and completed it at the beginning of this month. Kusama declined to comment on the valuation, but a source with direct knowledge of the matter said that this process is a round, and each tranche takes place at valuations of $ 75 million, $ 100 million and $ 200 million, respectively.

According to Shiba Inu, #TREAT serves as the utility and management token of the new privacy-oriented Layer-3 blockchain built on the Ethereum Layer-2 blockchain Shibarium. Kusama said that TREAT will be the last unstable token of the Shiba Inu ecosystem. He also added that the ecosystem will release a new token called Shi later this year.
#Memecoins #binance

Excitement builds in the SHIB community as Lucie from the Shiba Inu team shares a major update on the SHIB Metaverse project, hinting at big plans involving the upcoming token TREAT. Meanwhile, SHIB price rebounds to $0.00002798, up 4.13% in 24 hours, after recent declines. Large transaction volume increases by 37.95% to $363.17 million, indicating heightened activity among whales and institutional players. #SHIB #TREAT #CryptoUpdate 🚀🐕💼

🚀#ShibaInu raised $12 million for new blockchain and $TREAT Token

The Shiba Inu cryptocurrency project has successfully raised $12 million to support the development of its own dedicated blockchain, aiming to further enhance the functionality and reach of the Shiba Inu ecosystem.

This initiative includes the introduction of a new token, $TREAT, which will be integrated into the ecosystem on their newly developed layer-three network, built atop Shibarium.

This new blockchain platform is designed to focus on enhancing transaction privacy using Fully Homomorphic Encryption (FHE), setting a new standard in privacy and security for its users. This move is part of a broader strategy to expand Shiba Inu's technological infrastructure and market utility, potentially increasing its appeal and adoption within the crypto community.

#memecoin #TREAT #TrendingTopic

#TREAT #cryptocurrency scam:

- **TREAT Token:** A new cryptocurrency #scam involves a token named TREAT, allegedly linked to the Shiba Inu (SHIB) ecosystem.

- **Fake Link and Liquidity Withdrawal:** The anonymous developer behind TREAT deceived investors by creating a fake link to #SHIB , then withdrawing liquidity from the pool, causing the token's value to reset.

- **Complicated Scam:** The developer funded the project with 5 #ETH through a Kucoin address, then transferred 230 million tokens to a SHIB ecosystem-associated address, making it harder to detect.

- **Illusion of Legitimacy:** The developer sent SHIB tokens to various SHIB ecosystem wallets, creating an illusion of legitimacy, but these actions were part of the scam.

- **Promise of Returns:** Investors were attracted by promises of high returns and the association with the popular meme coin SHIB.

- **Rugpull and Losses:** The developer executed a rugpull scam as the token's value peaked, withdrawing ETH from the liquidity pool and leaving investors with worthless tokens.

- **Limited Losses:** The scam ended early, resulting in a loss of only 17 Ethereums in total.

$SHIB $ETH $BNB