Recent events in the Dogecoin and Shiba Inu ecosystems amidst market downturn have been significant. Notably, the launch of 21Shares’ Dogecoin ETP in partnership with the House of Doge marks a positive turn for meme coins. The ETP is scheduled to debut on the SIX Swiss Exchange in Europe, with plans for a Dogecoin ETF filing with the SEC. Additionally, Dogecoin celebrated the 2nd anniversary of a logo change by Elon Musk, which boosted its price. The team also humorously responded to Michael Saylor's comparison of Bitcoin to chess. In the Shiba Inu ecosystem, a substantial increase in burn rate, particularly a single transaction burning 16.6 million SHIB, has occurred. This development could potentially drive up SHIB's value. Furthermore, the return of Lead Developer Shytoshi Kusama signals renewed activity and transparency efforts in Shiba Inu's development. Read more AI-generated news on: https://app.chaingpt.org/news

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