Crypto News: XRP, SHIB, and Binance Alert

What to Know:

• Canary Capital’s spot XRP ETF is anticipated to launch this week, potentially as early as Thursday.
• Shiba Inu is partnering with Unity to integrate SHIB tokens into telecom infrastructure, expanding its real-world utility.
• CZ, the former CEO of Binance, has warned the crypto community about a fake AI-generated autobiography scam.

The crypto market is buzzing with potential new investment opportunities and cautionary tales. An XRP ETF may soon be available, while Shiba Inu explores real-world applications, and CZ warns about AI scams. Here’s a look at the latest developments.

Canary Capital’s spot XRP ETF is poised to launch, marking a potential milestone for XRP accessibility. The firm filed a Form 8-A with the SEC, a crucial step for listing shares on a securities exchange. Removing a “delaying amendment” from their S-1 filing further streamlines the approval process.

Shiba Inu is venturing beyond its meme coin status through a partnership with Unity. This collaboration aims to integrate SHIB tokens into the global telecommunications industry. SHIB holders may soon be able to purchase Unity nodes and licenses using their tokens.

This is NOT my book. Beware of scammers using AI to make fake books. 😂 https://t.co/vHn1hLwzb5
— CZ 🔶 Binance (@cz_binance) June 7, 2024

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CZ has alerted the crypto community to a scam involving a fake autobiography generated by AI. The book, falsely attributed to CZ, is circulating on platforms like Apple Books. This incident highlights the growing sophistication of AI-driven scams targeting the crypto space.

These developments underscore the dynamic nature of the crypto landscape, where innovation and risk coexist. Investors should stay informed and exercise caution as new opportunities and potential pitfalls emerge.

Related: XRP Price: $12M Max Pain for Bears

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