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U.Today Presents: Top Weekend News Stories
Shiba Inu Insider Warns of Scams Targeting TREAT Token
Last weekend, the Shiba Inu community was alerted to an increase in fraudulent activity amid the crypto market downturn. Lucie, the project's marketing lead, issued a social media warning regarding the unlaunched TREAT ecosystem token. She cautioned against "many impostors targeting #SHIBArmy" and urged followers to only rely on official Shiba Inu accounts for accurate information. TREAT, a reward token with multiple purposes, is intended to provide liquidity for the SHI stablecoin.
Ripple CTO Explains Tokenization in "Crypto In One Minute"
Ripple Labs released a new episode in its "Crypto In One Minute" series, featuring CTO David Schwartz. Schwartz simplified the concept of tokenization, highlighting its potential to enhance efficiency by eliminating asset transfer and ownership challenges. He emphasized the role of digital distributed ledgers in tracking asset ownership and facilitating collateral usage. Schwartz concluded his explanation in under a minute, proving that deep understanding does not require extensive time.
Ethereum's Vitalik Buterin Pays Tribute to Dogecoin Icon
The crypto community mourned the passing of Kabosu, the beloved dog that became the face of Dogecoin. Atsuko Sato, Kabosu's owner, announced her pet's peaceful passing on social media. Ethereum co-founder Vitalik Buterin responded with a poignant message: "Rest in Peace Kabochan." The Dogecoin Foundation also paid its respects, posting: "Rest in peace, dear Kabosu, beloved Doge. You were very much wow." The iconic meme featuring Kabosu's photo went viral in 2010, inspiring the creation of Dogecoin three years later.