Here are the summaries of the top 3 news items regarding the memecoin $SHIB on June 5, 2023. I am still in the process of finding the fourth and fifth news items.
- “SEC Targets Binance: $SHIB and the Market Feel the Blow”1 The Securities and Exchange Commission (SEC) has sued Binance, the world’s largest crypto exchange, leading to a significant drop in the price of many cryptocurrencies including Shiba Inu (SHIB), which was down roughly 7.7%1. The SEC alleges that Binance and its founder, Changpeng Zhao, have committed various violations, including operating an unregistered securities exchange and misleading statements about Binance’s operations in the U.S1. This news is important for $SHIB investors as any threat to Binance’s ability to operate could disrupt the cryptocurrency industry and potentially lead to a liquidity crunch1.
- “Binance Lawsuit Sends $SHIB Spiralling Down”2 Shiba Inu (SHIB) experienced a 6.46% decline, aligning with the overall weakness observed in the cryptocurrency market following the SEC’s lawsuit against Binance2. The lawsuit alleges that Binance and its CEO Changpeng Zhao violated U.S. regulations, a concern for $SHIB investors as Binance is a major platform for trading the token2.
- “$SHIB Plummets to 90-Day Low Amidst Bearish Sentiment”3 Shiba Inu’s price has hit a 90-day low due to a bearish market sentiment, with a drop of 5.22% to $0.0000080383. The market capitalization of SHIB has also fallen, potentially presenting a buying opportunity for investors who believe in the long-term potential of the coin3. Technical indicators suggest a bearish trend, but potential for a short-term rebound and buying opportunity if the negative trend ends3.
Comments are closed