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Binance receives court approval to invest customer fiat funds in United States Treasury Bills.
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FAKE PUMP ? REAL PUMP ?
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Like LUNC, Shiba Inu Community Pushes for Binance Support in SHIB Burn. The Shiba Inu (SHIB) community is advocating for increased token burning to reduce the cryptocurrency’s circulating supply and potentially boost its price. The official burn tracker for SHIB, Shibburn, is exploring the possibility of collaborating with cryptocurrency exchange Binance to implement a burning mechanism similar to the one currently used for LUNC. Community Requests Binance to Burn SHIB This initiative follows a request from prominent Shiba Inu community member Lola, who politely petitioned Binance CEO Richard Teng to consider burning a portion of SHIB’s trading fees on the exchange. Lola highlighted Binance’s existing support for LUNC burning and expressed hope for a similar approach with SHIB. A recent community poll revealed overwhelming support for burning SHIB on major exchanges like Binance and Coinbase. Over 96% of participants endorsed this proposal. However, these requests have yet to be acknowledged by the targeted exchanges, leaving community members to rely on independent burning initiatives. Following the collapse of the Terra ecosystem in 2022, the community launched a recovery campaign aimed at reviving the prices of LUNC and USTC. A key element of this campaign involved sending LUNC tokens to a designated “dead wallet,” Binance pledged to support this effort by burning 100% of the LUNC trading fees collected from spot and margin trading pairs. However, this commitment was later reduced to 50% due to controversies surrounding re-minting the burned LUNC tokens. Potential Impact of Binance Burning Shiba Inu (SHIB) While Binance has not expressed plans to extend its burning program to other tokens like SHIB, the community believes such a move could significantly reduce SHIB’s circulating supply. Currently, over 410.72 trillion SHIB tokens have been burned. However, despite these efforts and a large initial burn by Ethereum co-founder Vitalik Buterin in 2021, Shiba Inu still possesses a substantial circulating supply exceeding 583 trillion tokens.
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Tapswap will launch the token at Q3. Good news or bad movement from the team? Notcoin also delayed its listing when the market was as red as it has been this past week. Launching a project during red market is the worst decision. So, the decision not to try to be launched before Hamster and move on its own pace to be launched at the good market is the only right one. Right now, we might be seeing the last major dip before a bull run, and everyone is waiting for the market to hit a new low. The team understands this, but millions of "tappers" not really. So, what do we get from this decision? ▪️ A good token price and multiple returns in the green autumn market ▪️ The project gains time to implement its roadmap and improve its marketing strategy. With 60 million users being pure organic growth, imagine what will happen when marketing kicks in! ▪️ TGE is just the start; the project will evolve beyond a simple tapping game. The team is already working on updates, and in the future, Tapswap will become more than just a tapping app. ▪️ Those who missed out or earned too little will have more time to farm. The patient ones will be rewarded, while the rest will be left with FOMO.
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