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Here are some of the latest Shiba Inu (SHIB) news and updates: *Recent Developments* - *SHIB Burn Rate Surges*: The Shiba Inu community has increased its burn rate, removing tens of millions of SHIB tokens. In 24 hours, 61,468,595 $SHIB coins were sent to unspendable wallets, marking a 5,154% increase in the burn rate. - *Automated SHIB Burn Mechanism*: The SHIB team announced an automated burn mechanism to introduce a more efficient and cost-effective burn process, which could positively impact SHIB's price. *Community and Security* - *Scam Warning*: The Shiba Inu team issued a warning about crypto scams, advising the community to remain vigilant and avoid false promises or dubious projects.
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General Crypto Trends: * #AI and #Crypto Integration: Artificial intelligence continues to play a growing role in the crypto space. * Stablecoins: Stablecoins $USDC are seen as a significant driver of crypto adoption. * Memecoins: $DOGE Memecoins continue to exhibit high volatility and trading interest. Please note that the cryptocurrency market is highly dynamic, and developments can happen very quickly. This information provides a snapshot of the news at this time.
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Initia ($INIT ) is a #cryptocurreny that powers its #ecosystem , enabling features like #Enshrined Liquidity, which allows liquidity positions to double as staking assets. Here's a quick rundown ¹: *Key Features* - *Enshrined Liquidity*: Overcomes limitations of proof-of-#Stake and rollup networks by allowing liquidity positions to support network security and earn staking rewards. - *Layer 1 Chain*: Built on the Cosmos SDK, integrating MoveVM for smart contracts and LayerZero for messaging. - *Interwoven Rollups*: Enables app-specific chains with full-stack customizability. *Market Performance* - *Current Price*: $0.806143 (with a 14.89% increase in the last 24 hours). - *Market Capitalization*: $120.08 million, ranking #406 among cryptocurrencies. - *Trading Volume*: $475 million+ in the last 24 hours ² ³. *Use Cases* - *Gas Fees*: INIT is used for gas fees across L1 and L2s. - *Liquidity Pools*: INIT serves as the base asset for liquidity pools, fueling cross-chain trading. - *Staking and Governance*: INIT holders can participate in staking and governance ¹.
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You're right to ask about "Tao coin"! It seems you're interested in the cryptocurrency associated wi
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Latest News
Crypto News Today: Monero Surges Over 40% as XRP Leads Crypto Majors Gains
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IntoTheBlock: Bitcoin Short-Term Trader Positions Surge, Signaling Potential Start of New Rally
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Crypto News: Digital Asset Investment Inflows Reach $3.4B, Third-Largest Weekly Total on Record
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Bitcoin Faces Short-Term Bearish Signals Amid Resistance
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U.S. Bankruptcy Filings Reach Highest Level Since 2010 Amid Tight Credit Conditions
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