Digitoads, a relatively new cryptocurrency, has seen a significant surge in price and market capitalization in recent weeks, surpassing the more well-known Dogecoin and Shiba Inu cryptocurrencies in terms of growth. Digitoads is a decentralized finance (DeFi) platform that aims to provide users with a range of financial services, including lending, borrowing, and trading.

A Shiba Inu-related address sent nearly 1.5 billion SHIB tokens to the dead wallet address, marking one of the largest single transaction burns recorded in the history of SHIB burn. The burn was conducted by decentralized finance project Koyo Token on the ShibaSwapDEX, which has burned a total of 8.75 billion SHIB in 36 days. The SHIB price has increased by over 3% in the last 24 hours, currently trading at $0.0000113, with the trading volume jumping over 50% in the same period.

Bloomberg Intelligence Senior Macro Strategist Mike McGlone sounded the alarm on the potential perils of investing in meme cryptocurrencies, Dogecoin (DOGE) and Shiba Inu (SHIB), amidst a brewing economic storm.

A massive whale in the ecosystem of the meme-inspired cryptocurrency Shiba Inu ($SHIB) has expanded its portfolio to nearly 5 trillion tokens after adding an additional 171.68 billion SHIB for around $1.88 million through four different transactions.

Shibarium and NOWPayments — NOWPayments, a Netherlands crypto payment gateway has teamed with Shiba Inu to build on its ecosystem. This move will help to increase crypto payment adoption and also will help to give strength to the Shiba Inu ecosystem.

NOWPayments, a Netherlands-based crypto payment gateway, has announced its intention to extend its partnership with Shiba Inu Ecosystem by collaborating again with Shiba Inu to advance the adoption of crypto payments. NOWPayments will build on Shiba Inu's blockchain, Shibarium, and reveal more details about the partnership soon. NOWPayments added support for SHIB last year and introduced an optional BURN feature for SHIB on its platform. Shibarium's beta testnet, Puppynet, has been experiencing impressive growth, boasting over 350,000 wallet addresses and processing more than 2.2 million transactions within just three weeks of its debut.

Shibarium’s Puppynet beta testnet has seemingly captivated the community behind the meme-inspired cryptocurrency Shiba Inu ($SHIB), registering over 550,000 wallet addresses and processing in excess of 2.5 million transactions within a mere three weeks since its inception, according to blockchain data.

The Shiba Inu community continues its burn spree, with approximately 35 million SHIB burned in one day. According to the update from Shibburn, 25 million of the total burned tokens came from a single wallet.

In the past 24 hours, the Shiba Inu community has burned over 34.92 million SHIB tokens through three separate transactions, with the largest burn transaction of 25.31 million SHIB executed by the Coinbase-associated wallet "Coinbase 10". This surge in burn rate caused the overall burn rate to increase by 1108%. In the past seven days, the community has burned a total of 1.27 billion SHIB tokens, leading to an increase in the number of active holders. Shiba Inu's Metaverse project has also announced significant progress towards its development goals, with modifications to the project roadmap and the launch of a new official Twitter account and giveaway. Shibarium has crossed 2 million transactions with more than 71 tokens deployed on the public Beta network.

Shiba Inu ecosystem and PawZone, founded by JD, a well-known member of the Shiba Inu community, are reportedly set to collaborate with renowned American musician Scott Page on various undisclosed NFT-related projects.

Over the past 24 hours, the Shiba Inu community destroyed over 100 million SHIB by sending the tokens to Shiba Inu’s dead wallet, a token-burning mechanism that crypto protocols use to control the number of circulating tokens in the market.

Shiba Inu developers have announced plans to launch SHIB: The Metaverse, a project that expands the utility of the shiba inu (SHIB) ecosystem, by December 2023. The Metaverse will feature 100,595 plots of land that will be minted by users, allowing landowners to generate passive income, collect in-game resources, and generate rewards. Users can create humanoid dog avatars to explore, visit, and interact with lands and contribute to the in-game economy. The metaverse will be developed in Shibarium, an upcoming layer 2 network that uses Shiba ecosystem tokens, such as bone (BONE) and (LEASH).

The Shiba Inu ecosystem and PawZone are partnering with legendary American musician Scott Page to launch a range of undisclosed NFT-based projects in the future. The details of the partnership are currently unknown, but speculations of an NFT collaboration have emerged. The PawZone ecosystem features Pawzaar, a native NFT marketplace on Shibarium, which is looking to host unique collections on the network. Scott Page's fascination with Web3 technology led him to create an innovative art platform called Think:NFT. PawZone will be collaborating with Page's platform in an integration expected to surpass the prominence of OpenSea, one of the world's largest NFT marketplaces.

Shiba Inu metaverse advisor, Marcie Jastrow, has revealed the major focus of the metaverse team is developing an efficient UI/UX for Shib: The Metaverse to make it frictionless for users. She also highlighted the team's focus on introducing businesses to the Shiba Inu ecosystem. The statement comes after an influencer poll highlighted the important needs for Shib: The Metaverse, with graphics receiving the highest vote. Jastrow described the poll as interesting but emphasized that accessibility for all was crucial. In other news, Jastrow reacted to a viral photo of a meeting involving the metaverse team, stating that "something is brewing" in the Shiba Inu ecosystem, although there is no hint about what was discussed in the meeting.

BlueWhale0073, the 254th biggest ETH Whale, has acquired $1.65 million worth of Shiba Inu (SHIB) in a single transaction, adding 148.78 billion SHIB to her wallet. This follows her previous purchase of $2.58 million worth of SHIB on April 5th. In total, BlueWhale0073 has acquired 378.74 billion SHIB, valued at $4.23 million, in the past 72 hours. The ongoing positive developments in the Shiba Inu ecosystem, such as Crypto.com's support for SHIB and its governance token BONE, and Uphold's Proof-of-Reserves data showing it holds over 921 billion SHIB, may be contributing to the whale's accumulation spree. As of press time, SHIB is trading at $0.00001095, down 2.42% over the last day with a 24-hour trading volume of $207.15 million.

DEX Aggregator, DODO Now Allows Users to Buy Shiba Inu with Fiat; CryptoCom Adds Support for Bone/Shiba Inu Trading Pair; ApeSwap Announces the Release of ApeSwap V3

DODO, an innovative algorithm-driven and decentralized trading platform, recently announced that it has successfully integrated Alchemy Pay’s on and off-ramp solution onto its platform. This integration will allow DODO users to seamlessly purchase Shiba Inu (SHIB) as well as several other supported crypto assets with fiat currencies.

Crypto.com, a leading Singapore-based cryptocurrency exchange, has extended support for Bone ShibaSwap (BONE), the governance token of Shiba Inu’s decentralized exchange ShibaSwap. The exchange has introduced additional BONE trading pairs, including BONE/SHIB.

Cult Punks, the first NFT collection on the Modulus network, has pledged to buy back and burn Shiba Inu (SHIB) tokens with 2% of the funds realized from selling its NFTs. The project has also promised to dedicate 1% of the raise to support Shiba Inu leader Shytoshi Kusama’s women empowerment fund. Additionally, the Cult Punks team has promised to whitelist all addresses holding Shiba Inu-themed NFTs ahead of the Cult Punks mint event. If the collection is sold off at the whitelist price, 1% of the total sales will go into the women’s empowerment fund, while 2% will be used to buy back and burn SHIB tokens. If these funds are used to buy back SHIB, they will amount to 2.25 billion tokens.

Shibarium, a layer-2 scaling solution that has become popular for addressing issues related to transaction speed, will be more heavily involved in decentralized app (DApp) development with the help of Unification, a blockchain oracle provider. Unification is working to address the centralization of EVM node operations in managing Shibarium, and its upcoming tool UNODE, which will be launched in 2023, will provide a more secure and decentralized infrastructure for developers and DApps by using FUND as the transaction fee. This is poised to create infrastructure upon which DApps based on Shiba Inu can be built, powered by UNODE.