China News by Thebittimes.Com

The Shiba Inu (SHIB) network has been one of the best-performing assets over the years. The second-largest meme coin managed to change the lives of many since its origin. The asset’s rise in the 2021 rally is an essential part of the cryptocurrency book. But SHIB’s latest rise has led several investors revaluating their choices. Also Read: Solana: VanEck Exec Predicts SOL ETF Launch: Here’s When Shiba Inu’s Recent Spike Shiba Inu was one of the top performers over the past month. Similar to Dogecoin (DOGE), the second largest meme coin, Shiba Inu, recorded a notable uptick. This Donald Trump-induced spike brought about great gains for investors. SHIB surged by over 30% over the past month. The asset went from trading at a low of $0.00001665 to a high of $0.00002938. At press time, SHIB was trading at $0.000025 following a 1.59% dip over the past 24 hours. Source The asset even reached an all-time high of $0.00008845 about three years ago in 2021. Currently, SHIB is 71%...

Issuers of spot Bitcoin (BTC) exchange-traded funds (ETF) have made significant progress toward regulatory approval. According to Bloomberg, the U.S. Securities and Exchange Commission (SEC) has provided positive feedback on key filings and requested no additional feedback on the paperwork for several applications. The agency’s commissioners plan to vote on the exchange-rule filings this week. At least one applicant, asset manager BlackRock, reportedly expects the SEC to approve its application for a spot Bitcoin ETF on Wednesday, Jan. 10. Last week, the SEC instructed multiple exchanges and issuers interested in listing these ETFs to submit a final version of a crucial document by Friday, Jan. 5.  Multiple reports cited how, following the latest amendments, the SEC provided no further feedback on the paperwork for several firms. This development signals progress on the path to gaining regulatory approval in the upcoming days and paves the way for the launch of spot Bitcoin...