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161M Shiba Inu Burnt In 24 Hours, 1.27B Within 7 Days, Let’s See Who Is The Top Burner

Zabi
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161M Shiba Inu Burnt In 24 Hours, 1.27B Within 7 Days, Let’s See Who Is The Top Burner

 

1.27 Billion Shiba Inu (SHIB) Burnt within the Last 7 Days and 161 Million During Last 24 Hours.


 

Over the past few weeks, billions of Shiba Inu (SHIB) have been taken out of circulation forever. This week too, a whopping total of 1,279,839,897 (1.27B) SHIB tokens have been sent to the dead wallet, and 161 million in the past 24 hours.

Shibburn.com recently reported 84 transactions towards the dead wallet during the last week, through which 1,279,839,897 (1.27B) dog-themed token has been taken out of circulation by community-led burning initiatives.

Travis Johnson’s SHIB Burn Games (Top SHIB Burner of the Week):

Travis Johnson’s SHIB burn games make their way to become the top burner of the week, as it has taken out a total of 328,089,390 (328.08M) SHIB tokens, worth $8,490 from the circulation forever through a single large transaction.

Since November 2021, the project has earned total revenue of $45,912 through apps, which was used to burn a whopping 1,698,186,364 (1.69B) SHIB, as per the Burn data provided by the official website of Travis Johnson SHIB burn games.

ETH SHIBA FLASH BURN EVENT:

ETH SHIBA managed to take the second spot as the top SHIB Burner of the week. ETH SHIBA is one of the newly emerged tokens, and it has organized the FLASH BURN EVENT on Tuesday (12th April 2022). Through this event, the team behind the token has taken out 300,123,501 (300.12M) SHIB from circulation forever through one significant transaction.

Overall, the ETH SHIBA has burned more than 2 billion SHIB since one month of its inception.

1CENT Weekly BURN EVENT:

Following Travis Johnson’s SHIB burn games and ETH SHIBA, 1CENT was the third-biggest burner of the week.

1CENT organized its Weekly Burn Event last Monday. Through this event, the newly emerged token could take out 145,686,435 (145.68M) SHIB from circulation forever through one large transaction.

Overall, since one month of its birth, the 1CENT has burned 1,311,802,045 (1.31B) SHIB from circulation.

Readers should note that ETH SHIBA and 1CENT tokens have no official relation with the SHIB ecosystem or its team. Only SHIB, BONE, and LEASH are part of the Shiba Inu ecosystem. Therefore, investors should research before investing in such kinds of tokens.

Past 24 Hour Burn:

Besides weekly burn, 161,870,784 (161M) SHIB tokens have been reportedly sent to dead wallets through 5 separate transactions by the community-led burning initiatives within the last 24 hours.

The single largest burn transaction included 158M coins.

 

Current Circulating Supply:

As per data provided by Shibburn.com, a total of 410,312,981,378,284 (410.31T) Shiba Inu has been burned from the initial supply of 1 quadrillion tokens. At the same time, 38,200,864,895,675 (38.20B) of SHIB has been staked by holders on ShibaSwap.

In this way, the current circulating supply of SHIB comes out to be 551,486,153,726,040 (551.48T) tokens.

At the time of writing, Shiba Inu (SHIB) is down over 6% over the last day and is trading at $0.00002423, with a 24-hour trading volume of $589,711,230 ($589M).

SEC v. Ripple: New Development Shows SEC Requests 4-Day Extension to Respond to Recent DPP Ruling

Mark Brennan
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SEC v. Ripple: New Development Shows SEC Requests 4-Day Extension to Respond to Recent DPP Ruling

 

The SEC is asking for a time extension in order to file an objection to the January 13 and April 11 DPP ruling. 


 

Following Judge Sarah Netburn’s denial of the Securities and Exchange Commission’s motion for partial reconsideration of the Deliberative Process Privilege (DPP) of some of its internal documents, the SEC has requested an extension of time to file an objection to the recent ruling. 

 

Recall that the SEC’s motion for partial reconsideration of the January 13, 2022, DPP ruling was denied on April 11, 2022, which gave the Securities and Exchange Commission until April 25, 2022, to file an objection to the ruling. 

SEC Requests a 4-Day Extension

However, the SEC noted in its recent motion that it wishes to file an objection four days after the previous deadline of April 25, 2022, which if granted, would require the SEC’s objection to be filed by April 29, 2022. 

“The SEC intends to file a motion renewing its assertions of attorney-client privilege and seeking leave to redact certain portions of the Speech Documents on Deliberative Process Privilege grounds by April 29, 2022,” excerpts of the SEC’s request letter read. 

Since the SEC’s motion for partial reconsideration of the DPP ruling was denied by Judge Sarah Netburn, the agency will be filing an objection with Judge Analisa Torres. 

Notably, the securities agency is raising new privileged assertions to get Judge Netburn to approve its request for an extension of time to object to January 13, 2022, and April 11, 2022 Orders. 

Ripple Not Ready for Further Delays 

This is not the first time that the SEC will be requesting an extension of time to file responses to key issues in the lawsuit. 

According to several analysts following the lawsuit, the SEC’s request for a time extension is part of a plot by the agency to frustrate Ripple into negotiating a settlement in its favor. 

While the SEC wants to stall the process of the lawsuit with its incessant requests for a time extension, Ripple is looking to avoid further delays and ensure a verdict on the matter is made as soon as possible. 

Based on this, Ripple and Individual Defendants, Brad Garlinghouse and Chris Larsen are prepared to proceed to summary judgment without a ruling on the Hinman emails and documents. 

 

Elon Musk Wishes the Dogecoin (DOGE) Community a Happy Easter

Mark Brennan
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Elon Musk Wishes the Dogecoin (DOGE) Community a Happy Easter

 

Elon Musk always remembers his favorite coin on every occasion.



Elon Musk, the CEO and founder of American electric car company Tesla, has not failed to show his support for the popular meme cryptocurrency Dogecoin (DOGE).  

According to a recent tweet made by the billionaire investor, Musk wished all Dogecoin enthusiasts a Happy Easter. 

 

In the late hours of yesterday, Musk tweeted “Happy Easter” while adding an image of a dog. Though he did not specifically disclose that his warm wish was meant for Dogecoin enthusiasts, the community behind the popular meme coin was ecstatic about the tweet, as supporters of the project flooded the comment section in excitement. 

However, the basket is full of golden eggs and dogecoins, indicating that Elon is only mentioning Doge and not Shiba Inu or any other coin.

Meanwhile, the pseudonymous founder of Dogecoin, Shibetoshi Nakamoto, also reacted to Musk’s recent tweet by being specific with his own tweet. 

The Dogecoin pseudonymous founder quoted Musk’s “Happy Easter” tweet and wrote “Dogecoin” and a heart emoji. 

Musk Supporting Dogecoin

The Dogecoin community took Musk’s Easter tweet personally because the Tesla chief has always thrown his weight behind the crypto project. 

Musk is instrumental in helping Dogecoin hit its all-time high of nearly $1 last year. Aside from enabling Tesla to accept dogecoin payments to purchase the company’s electric car, Musk is still considering more ways to boost the utility of the meme coin. 

Recently, Musk hinted that he might create a decentralized social media platform that would allow users to tip content creators using Dogecoin. 

Elon recently owned nine percent of Twitter’s shares but now is looking to buy the entire Twitter for $54.20 a share; the dogecoin community is very much convinced that they would become Twitter tip jar currency if Elon is successful in its mission.

344 Million Shiba Inu Burnt Within Last 24 Hours, Details

Zabi
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344 Million Shiba Inu Burnt Within Last 24 Hours, Details

 

344 Million Shiba Inu (SHIB) Burned Within Last 24 Hours; Travis Johnson’s SHIB Burn Games Appears to be The Top Burner of the Day.



Over 344 million Shiba Inu (SHIB) tokens have been sent to dead wallets within the period of the last 24 hours. The burning rate surges 3423.04% compared to the previous day.

As per a recent tweet from the SHIB burn tracking website, Shibburn.com, community-led initiatives have been able to burn a total of 344,955,749 (344.95M) SHIB within the past 24 hours, through 24 separate transactions.

The burn rate appears to surge 3423.04% over the last day when only 11,026,000 (11.02M) SHIB tokens had been taken out of circulation forever, through 5 separate transactions.

Top SHIB Burner of the Day:

Travis Johnson’s SHIB burn games appear to be one of the top Shiba Inu burners of the day. Travis Johnson’s SHIB burn games’ official Twitter handle (@shib_superstore) acclaims that it has sent a total of 328,089,390 (328.08M) SHIB tokens, worth $8,490 to the dead wallet while organizing the “Monthly Burn Event”.

The project has also shared the transaction link with its followers as proof of burn via tweet.

Travis Johnson’s SHIB burn games include Brick Busters, Candy Trips, and Zombie Assassins. The project’s official website claims that Bricks Buster is currently their number one SHIB burner, and 100% of the revenue earned from the game goes towards burning SHIB. Brick Busters currently has over 10,000+ downloads, as per Google Play Store.

Since November 2021, the project has earned total revenue of $45,912 through apps, which in turn was used to burn a whopping 1,698,186,364 (1.69B) SHIB, as per the Burn data provided by the official website of Travis Johnson SHIB burn games.

The project recently introduced a new mobile application, “Shib Sphere”, through which one will be able to connect all his/her social networks & entertainment in one place. Officially, 90% of revenue generated from this app will go towards burning SHIB, while the other 10% will be utilized for future improvements or updates of the app.

Twitter Shareholders Indirectly Reject Elon Musk’s $43 Billion Offer

Albert Brown
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Twitter Shareholders Indirectly Reject Elon Musk’s $43 Billion Offer

 

Twitter Shareholders are not willing to accept Elon Musk’s offer.



Twitter has decided to adopt a “Poison Pill” approach to Elon Musk’s $43 billion offer to buy the company, CNBC reported on 16 April 2022. The limited duration shareholder rights plan provides that “if any person or group acquires beneficial ownership of at least 15% of Twitter’s outstanding common stock without the board’s approval, other shareholders will be allowed to purchase additional shares at a discount.”

In the official document containing the proposal for buying Twitter, the company said it was going to weigh the issue and see if it was in the best interest of shareholders. After the consultation, the team adopted the “Poison Pill” approach in a unanimous vote which will be in place until 14 April 2023.

Indirectly turning down Musk’s offer

Twitter hasn’t stated that it wasn’t interested in Musk’s offer. The adoption of this approach however suggests that it does not want to relinquish ownership of the company to him, or at least not without taking advantage of the situation to benefit its shareholders.

“The Rights Plan will reduce the likelihood that any entity, person, or group gains control of Twitter through open market accumulation without paying all shareholders an appropriate control premium or without providing the Board sufficient time to make informed judgments and take actions that are in the best interests of shareholders,” the company wrote in a press release.

Musk recently acquired and currently holds over 9% of the stake at Twitter. The company offered him a place on the board of directors, but he rejected the offer. This was probably because he already had it in mind to buy the whole company, a move that has resulted in a lot of controversies. 

He recently said that he was open to bringing partners on board should the need arise in the process of the acquisition. Twitter also maintains that it remains open to letting go of the company if the decision is in the company’s best interest.

Musk determined to acquire Twitter

As Twitter adopts a strategy that may hinder Musk from acquiring the company, the billionaire investor may have other plans concerning the outcome. Speaking at the TED2022 conference in Vancouver on Thursday, he said he has a backup plan as plan B, should Twitter turn down his $43 billion “final” offer. Although he did not provide further details on his backup plan, this demonstrates his determination towards acquiring the company against all odds.

Litecoin Records Highest Number of Daily Transactions in 11 Months as Whales Accumulate

Mark Brennan
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Litecoin Records Highest Number of Daily Transactions in 11 Months as Whales Accumulate

 

Litecoin Records Highest Number of Daily Transactions in 11 Months as Whales Accumulate.



The Litecoin network has seen a massive flow of transactions near its price bottom at the beginning of the week; Santiment data shows LTC recorded the highest number of daily transactions in 11 months, with 5,508 transactions worth over $100,000.

The network has seen an increasing number of transactions recently. Recent data shows that the network is close to overtaking Bitcoin by the number of transactions, a feat that its supporters believe is on the horizon. The number of transactions is also approaching an all-time high as whales become active on the network.

btc and ltc transactions

Whale accumulation could be going on.

The number of transactions on Litecoin has gone up in spite of the price at low levels, indicating investor confidence despite the current sideways market movements. According to Santiment, this could mean that whales are accumulating the asset quietly as they usually do when the price of an asset is down. This accumulation pattern has also been seen in other assets such as Bitcoin recently.

 

The data above shows Litecoin whales buying the asset and accumulating, as Santiment says. Ultimately, the accumulation is a good sign and is bullish for LTC as accumulation by whales can help to make the asset more valuable eventually. This has been the pattern even for Bitcoin, so Litecoin investors are highly anticipating better days to come following this phase, just as is the expectation for Bitcoin.

Litecoin hash rate approaches all-time high.

Another meaningful change that has been noticed on the Litecoin network is the hash rate. This is the computational power available on the network for processing transactions. It also shows that many more miners are processing transactions and securing the network. The hash rate is approaching a new all-time high when the number of transactions is going up.

litecoin hashrate

Usually, when the hash rate of a PoW network goes up, it means the network is very healthy and secure. Interestingly, it is also a precursor of an upward price movement as the asset usually rallies shortly after a spike in hash rate. As the whales continue to accumulate, they are looking forward to a rally that the hash rate suggests may be around the corner. 

 

Top Whale Buys 223B Shiba Inu, Now Holds 1.16T Shib, Making Shib Top Purchased Token By 100 Biggest Wallets 

Zabi
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Top Whale Buys 223B Shiba Inu, Now Holds 1.16T Shib, Making Shib Top Purchased Token By 100 Biggest Wallets 

 

Whales continue accumulating Shiba Inu.



Shiba Inu (SHIB) seems to win the trust of Top Ethereum (ETH) whales with its recent developments – especially the Robinhood listing and the launch of SHIB: The Metaverse.

The 5th biggest ETH whale named “BlueWhale0073” has no stopping and continues to fill up her bags with Shiba Inu (SHIB).

As per the recent WhaleStats report, she made her third transaction within the period of the last 72 hours. Through her recent transaction, she gobbled up whopping 223,761,580,609 (223.76B) more SHIB for the exchange of $5,781,999 ($5.78M).

As reported earlier, she first became active following the Shiba Inu listing announcement from Robinhood.

The whale reportedly performed her first gigantic transaction on Tuesday (12th April 2022). Through that transaction, she bought a whopping 775,473,150,952 (775.47B) SHIB for $20,697,378 ($20.69M).

Following this, she becomes active again on Thursday (14th April 2022) and added 169,975,386,848 (169.97B) more SHIB for the exchange of $4,361,568 ($4.31M) to her portfolio, through one transaction.

In this way combining all the above three transactions, the 5th biggest ETH whale named “BlueWhale0073” appears to have accumulated over 1.16 trillion SHIB, worth $30,840,945 ($30.84M), within the period of the last 72 hours.

This massive purchase makes Shiba Inu one of the Top Purchased tokens among the 100 Biggest ETH wallets within the last 24 hours.

Moreover, Shiba Inu (SHIB) remains the top holding among the Top 2,000 ETH Whale wallets. In total, these top whale wallets currently hold $1,550,945,580 ($1.55M) worth of the popular dog-themed cryptocurrency.

Shiba Inu Launches Another Opportunity for Investors to Purchase Land in SHIB: The Metaverse

Lele Jima
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Shiba Inu Launches Another Opportunity for Investors to Purchase Land in SHIB: The Metaverse

 

You can now join the holder’s event for the land sale if you miss the first opportunity.



Following the completion of the first sale event of Shiba Inu virtual reality land in SHIB: The Metaverse, the project’s developers have announced that it has launched the second stage, dubbed the Holder Event.  

The Bid Event, which lasted for 72 hours from the early hours of April 13, finally ended today as scheduled in the official announcement of SHIB: The Metaverse. 

“ShibArmy — Woof, that was exciting!!

Thank you for participating in the BID EVENT! We are now introducing our next stage, the HOLDER EVENT with Fixed Prices!” the Shiba Inu developer team noted in an announcement.

 

Details of the Holder Event

Based on the development, the remaining plots of land that were not purchased in the Bid Event will be made available to holders of $LEASH and Shiboshi who missed out on the three-day virtual land sale exercise.

Unlike the Bid Event, which lasted for 72 hours, the Holder Event is tipped to run for seven days, which will commence immediately after the first early phase. 

The Holder Event will be open to only investors who locked their $Leash and Shiboshi assets in the locker programs. 

“As a reminder, please [note] that you will need to have $LEASH or #SHIBOSHI locked for early access [to the Holder Event],” Shiba Inu stated in the announcement. 

Land Prices for the Holder Event

Similar to the Bid Event, prices for virtual land will remain fixed in the Holder Event, with prospective investors expected to bid a minimum of 0.2 ETH for Silver Fur and 0.3 ETH for Gold Tail. The lowest bids for Platinum Paw and Diamond Teeth are 0.5 ETH and 1 ETH, respectively. 

Even though the prices are fixed, there is no maximum price that users can offer to purchase the land. 

As reported, the highest offer made for a plot of land in the Diamond Teeth tier in the recently concluded Bid Event was 6.5 Ethereum despite a plot in that category having a fixed price of 1 ETH. 

These Altcoins Surge Over 100% After Coinbase Exchange Revealed List of 50 Cryptocurrencies

Mark Brennan
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These Altcoins Surge Over 100% After Coinbase Exchange Revealed List of 50 Cryptocurrencies

 

MITX, KROM, & BDP Surge Over 100% After Coinbase Exchange Revealed List of 50 Cryptocurrencies  Under Consideration For Listing.



Following reports that the world’s seventh-largest cryptocurrency exchange Coinbase will be listing 50 altcoins in Q2 2022, some of the named tokens recorded massive growth hours after the announcement was made. 

Over 100% Gains

Cryptocurrencies like Morpheus Labs, (MITX), Kromatika (KROM), and Big Data Protocol (BDP) have surged more than 100% since Coinbase made the announcement. 

According to CoinMarketCap data, MITX was trading around $0.014 on April 11, 2022, before the Coinbase announcement, but its value surged to a high of $0.038 yesterday, while KROM, which traded around $0.064 before the news, soared to a high of $0.13 the following day. 

Similarly, BDP also recorded strong gains from the $0.059 low it recorded on April 11, 2022 to a high of $0.158 the following day, data on Coingecko shows. 

Coinbase Upcoming Altcoins Listing

Earlier this week, Coinbase noted that it will be adding 50 altcoins, comprising 45 Ethereum-based tokens (ERC-20 tokens) and five Solana-based coins, for trading throughout Q2 2022. 

The San Francisco-based exchange, which went public last year, noted that the reason for providing the information in advance is part of efforts to increase transparency on new crypto asset listings. 

“Starting immediately and as part of an effort to increase transparency by providing as much information symmetry as possible, Coinbase will be using this blog post as a pilot to communicate assets under consideration for listing in Q2 2022,” Coinbase said. 

Coinbase Accused of Insider Trading

Meanwhile, the cryptocurrency exchange has once again received public backlash for engaging in insider trading after the announcement was made. 

A popular cryptocurrency influencer named Cobie noted that he discovered an Ethereum wallet that bought hundreds of thousands of dollars of the tokens featured in the Coinbase list. According to Cobie, the user bought the assets at least 24 hours before the announcement was made. 

“Found an ETH address that bought hundreds of thousands of dollars of tokens exclusively featured in the Coinbase Asset Listing post about 24 hours before it was published, ROFL,” Cobie tweeted.  

Interestingly, the account had purchased some of the named assets, including KROM, Paper (PAPER), Rac (RAC), etc., totaling $400,000. 

This is not the first time such an unfortunate incident has been recorded. In February, prior to the announcement of the listing of Pawtocol (UPI) and Aventus (AVT), a new wallet had already been created 24 hours before the announcement went public. 

Ripple CEO: ‘More And More Talent and Investment Leaving U.S. Because of Not Clearer Crypto Laws’

Mark Brennan
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Ripple CEO: ‘More And More Talent and Investment Leaving U.S. Because of Not Clearer Crypto Laws’

 

The U.S. Behind other Developed Markets in Crypto.


 

The United States has not been the most friendly towards cryptocurrencies. There are several challenges that crypto startups face in the country, and this has caused the industry to be backward.

Ripple CEO Brad Garlinghouse reiterated this in a recent interview on CNBC. Brad said that the industry’s biggest challenge is the lack of regulatory clarity, which makes it difficult for startups to thrive.

According to Brad, the lack of precise regulation for the industry has caused several crypto and blockchain startups to leave the U.S for other countries where laws are more friendly. He even discourages crypto entrepreneurs from building startups in the country.

“In the united states, the laws have not been clearer…The leadership we have seen outside the united states is way ahead of the US. The competitiveness of the US in these developing markets around crypto and blockchain has fallen behind, and more talent and investment are going out of the United States… I recommend others not start companies in the USA Because there isn’t that clarity,” he said.

Biden administration acknowledges challenges.

If anyone knows about the challenges facing crypto in the U.S, Brad does. His company, Ripple, has been in court since 2020 as the SEC claims XRP is security, not a cryptocurrency. This has resulted from a lack of clarity in terms of regulations that define what a cryptocurrency is and what a security is, for example.

Fortunately, the Biden administration is working on a regulatory framework for cryptocurrencies, a move that has received a lot of commendation from the crypto community. Biden has already signed an executive order on nine march 2022 that gives regulatory clarity for crypto. 

Brad says that this move acknowledges that the crypto industry is backward in the country compared to other developed countries.

“That is what I have been saying for years; I think the core of the Biden crypto executive order is acknowledging that exact point.”

Crypto is taking its place in the U.S.

With the Biden administration taking steps to bring clear regulations in the crypto industry, cryptocurrencies and businesses will likely see moderate growth soon. The clarity will also make more crypto startups spring up and give Americans more confidence in the industry, an ingredient that is required for mainstream adoption to happen.

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