Shiba Memu pre-sale and SEC’s latest Bitcoin ETF news
Shiba Memu early in the market as SEC sets deadline for ETF reforms. The SHMU pre-sale will end on December 30, 2023, and will be launched first on crypto exchanges. The SEC has asked Bitcoin ETF applicants to submit final changes by December 29, 2023.
The crypto market is eyeing what could be a 2024 bonanza, with big sentiment surrounding potential SEC approval of a Bitcoin ETF as the primary catalyst. Aside from the less attractive altcoins, Paralympic Memu, the presale token is at the beginning of the market.
Here are the latest crypto news highlights that could be key this week. Also check out the Shiba Memu presale, now up to three days.
SEC Sets Dec. 29 Deadline for Spot Bitcoin ETF Amendments
Enthusiasm for the U.S. market's first Bitcoin exchange-traded fund (ETF) position will increase this week. Following this announcement, the Securities and Exchange Commission (SEC) has requested that all applicants seeking to list ETFs file an amendment by December 29, 2023.
The SEC's reported deadline for applicants comes after the regulator held several meetings last week with various companies looking to offer Bitcoin ETFs.
At least two companies have been asked to submit final changes to their applications by the specified date. At the last SEC meeting, participants were told that an applicant that had not submitted final amendments by Friday should not be among the “first wave” of approvals.
The deadline for final revisions on all S-1s is Friday. Checking up to 29. @SECGov told donors that applications that are fully completed and filed by Friday will be considered in the first wave. A person who is not will not be considered. Also, the records cannot…
— Eleanor Terrett (@EleanorTerrett) December 24, 2023
With the crypto market frenzy cooling down amid holiday shopping and Matt.Gox starting to pay off some creditors, the general view is that Bitcoin is poised for a long-term upside push.
The altcoin market is similarly poised, and investors are placing big bets on lower prices to unlock the next gem of a bull cycle.
Shiba Memu: On the cusp of pre-sale success
Meme tokens have exploded onto the scene in recent months, with resurgences for Dogecoin and the Shiba Inu marred by the explosion of Solana-based Bonk. But the sentiment of an extended bull rally backed by Bitcoin ETFs and a halving has seen the market flock to the pre-sale as investors looking to capitalize on Shiba Memu's potential.
The project, which offers a new artificial intelligence-powered meme coin with real-world utility, has just three days left for its pre-sale. As of December 27, 2023, investors have committed more than $4.8 million to SHMU to support the development of the project.
After the pre-sale, Shiba Memu is expected to make its market debut on major crypto exchanges, possibly entering the market during the forecast period of Q1, 2024. Unique integration of AI-powered marketing dashboard, staking program and decentralized applications (dApps). It is also listed on the roadmap.
SHMU is currently trading at $0.05028 and could be one of the top meme coins to buy based on its potential to redefine how meme-inspired crypto projects gain long-term traction. Instead of relying on advertising, Shiba Memu will be an independent market machine that can challenge major tokens like Dogecoin and Shiba Inu.
Read their white paper for a look at Shiba Memu's features and Tokenomics. You can also join the presale.
