WAO ART #348

Three mega Shiba Inu whales have accumulated trillions of SHIB tokens amid an explosive price outlook and expectations of a massive SHIB burn. These whales have amassed a total of 2.4 trillion SHIB over the past month, with one whale acquiring 1.44 trillion SHIB worth $14.54 million in the last three days.

Swiss crypto bank Sygnum has raised $40 million in a funding round led by Azimut Holdings, bringing its valuation to $900 million. The funds will be used to expand into new markets in Europe and Asia to meet the growing demand for regulated crypto banking services.

Tuvalu, a small island nation threatened by rising sea levels, is holding a parliamentary election. The election has been dominated by controversy surrounding a treaty negotiated with Australia, which critics argue threatens Tuvalu's sovereignty.

Binance.US, the US subsidiary of cryptocurrency exchange Binance, is facing regulatory scrutiny and operational hurdles in Alaska and Florida. Florida has suspended Binance.US, citing immediate danger to public safety, while Alaska has rejected its license renewal without providing reasons.

Latam, the Chile-based airline, has extended its lead in the Brazilian aviation market amid the financial crisis faced by its local rival, Gol. In 2023, 112.6 million passengers traveled by plane within, to, and from Brazil, marking a 15.3 percent increase from the previous year.

Nigerian crypto exchanges are facing licensing hurdles due to the virtual asset services providers (VASP) guidelines set by the Nigerian Securities and Exchange Commission (SEC). Analysts argue that the guidelines are not favorable to local exchanges and prioritize foreign exchanges.

China's stock market has suffered significant losses, with $6.3T in market capitalization lost since February 2021. US markets gained $5.3T. The Chinese government has attempted to prop up its equities market through interventions in currency markets and the conversion of offshore regime holdings into yuan.