SEC Denies Bitcoin ETF, Shiba Inu Meme Token Pre-Sale Kicks Off


The crypto market is eyeing what could be a 2024 bonanza, with the potential approval for a spot Bitcoin ETF as the leading catalyst. Alongside this, Shiba Memu is a presale token that’s on the cusp of its market debut. Here’s a highlight of the latest crypto news likely to be key this week.

The Securities and Exchange Commission (SEC) has requested that all applicants who wish to list exchange-traded funds (ETFs) on the US market, file amended filings before December 29, 2023. This deadline follows multiple meetings with various firms looking to offer spot Bitcoin ETFs.

The SEC informed participants that applicants who do not file their final amendments before the deadline will be disqualified and that “first wave” approvals are possible.

Amid holiday trading, investors are looking for the next bull-cycle gem on the altcoin market, betting heavily on low cap bargain tokens. In recent months, meme tokens have seen a resurgence, with Shiba Inu and Bonk being the most prominent.

The presale period for Shiba Memu is now just three days. To date, investors have allocated over $4.8 million into SHMU to support the project’s development. After the presale period ends on December 30 2023, the market is expected to debut at the top crypto exchanges in Q1, 2024.

The current price of SHMU is $0.05028 and features a meme coin powered with artificial intelligence and real-world applications. On the roadmap, you will also find a unique AI marketing dashboard, a staking program as well as integration with decentralised (dApps).

To check out Shiba Memu’s features and tokenomics, read their whitepaper. Investors should not rely on hype but rather assess the potential of the self-sufficient machine to challenge the leading tokens, such as Dogecoin and Shiba Inu.

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