- Shiba Memu is set to make its market debut as the SEC sets a deadline for ETF amendments.
- SHMU pre-sale ends on December 30, 2023, after which it will debut on cryptocurrency exchanges.
- The SEC has asked spot Bitcoin ETF applicants to submit final changes by December 29, 2023.
Cryptocurrency markets are eyeing what could be a big hit in 2024, with optimism surrounding the SEC’s potential approval of a spot Bitcoin ETF. There’s Shiba Memu, a pre-sale token that’s about to make its market debut, along with a few attractive altcoins.
Here are some highlights of the latest cryptocurrency news that will likely be key this week: Also, evaluate the Shiba Memu pre-sale, now shortened to just 3 days.
SEC sets December 29th deadline for spot Bitcoin ETF amendments
This week, anticipation for the first Bitcoin exchange-traded fund (ETF) in the U.S. market is set to increase. This comes after the U.S. Securities and Exchange Commission (SEC) asked all applicants seeking to list ETFs to submit filing amendments 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 spot Bitcoin ETFs.
At least two companies have reportedly been asked to submit final changes to their applications by a stated date. At the last meeting with the SEC, participants were told that applicants who fail to submit final amendments by this Friday will not be included in the “first wave” of potential approvals.
Final revision dates for all S-1s will be confirmed by Friday the 29th. that much @SECGov Applications that are fully completed and submitted by Friday will be considered in the first phase, the issuer said. Anyone who doesn’t will not be considered. Also, submitting documents… https://t.co/syyINu1BEI
— Eleanor Terrett (@EleanorTerrett) December 24, 2023
There is a general outlook for Bitcoin’s upward pressure to persist for an extended period of time as the holiday trading lull cools crypto markets and Mt.Gox begins to repay some of its creditors.
The altcoin market is similarly primed, with investors betting big on low-cost discount tokens to unlock the next bull cycle gem.
Shibamemu: We are on the verge of success in pre-sale.
Meme tokens have exploded in recent months, fueled by the explosive surge of Solana-based Bonk (BONK) and the resurgence of Dogecoin and Shiba Inu. However, with the market in the mood for a long-term bull rally fueled by Bitcoin ETFs and the halving, investors looking to capitalize on Shiba Memu’s potential are flocking to the pre-sale.
The project, which describes a new artificial intelligence-based meme coin with real-world utility, now has just three days left until the pre-sale ends. As of December 27, 2023, investors have allocated more than $4.8 million to SHMU to support project development.
After pre-sale, Shiba Memu is expected to make its market debut on top cryptocurrency exchanges and is expected to enter the market during its expected upward trajectory in the first quarter of 2024. A unique AI-based marketing dashboard, staking program and integration with decentralized applications (dApps) are also outlined in the roadmap.
SHMU is currently priced at $0.05028 and could be one of the best meme coins considering its potential to redefine how meme-inspired cryptocurrency projects gain traction in the long term. Rather than relying on hype, Shiba Memu will be a self-sufficient marketing machine that can challenge top tokens like Dogecoin and Shiba Inu.
Read the whitepaper to learn about Shiba Memu’s features and token economics. You can also participate in pre-sale.