According to CryptoPotato, after the U.S. Securities and Exchange Commission (SEC) approved the Bitcoin ETF, the price of Bitcoin fluctuated greatly, and finally stabilized between $42,000 and $43,000. The legal proceedings between Ripple and the SEC are still ongoing and are expected to be heard in April 2024. The outcome of the case is still uncertain. The destruction of Shiba Inu tokens has accelerated since the beginning of the year, and billions of assets have been removed from circulation. After the approval of the Bitcoin ETF, price fluctuations intensified, rising to a high of $49,000, and then falling back to $46,000. The lawsuit between Ripple and the SEC will be heard on April 23, 2024, and both parties need to complete the necessary procedures before then. The Shiba Inu token destruction mechanism has been successful recently, with more than 9 billion tokens destroyed since the beginning of 2024, accounting for more than 10% of the total destruction in 2023.

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