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Chinas trade balance in May was 723.98 billion yuan, compared with 585.69 billion yuan in the previous month.June 9th - Starting in June, electronic savings bonds have been officially included in the scope of personal pension products. This means that citizens who have joined the personal pension system can directly purchase electronic savings bonds through their accounts. According to the issuance schedule, the latest issue of savings bonds will be available for purchase on June 10th. Currently, many banks have added bond purchase portals to their mobile apps personal pension sections. Alternatively, citizens can also visit a bank branch with their bank card and ID to apply for personal pension savings bonds.The China Earthquake Networks Center officially reported that a magnitude 3.6 earthquake struck Wensu County, Aksu Prefecture, Xinjiang, at 10:17 AM on June 9th, with a focal depth of 12 kilometers.On June 9th, the General Office of the Hainan Provincial Peoples Government issued the "Hainan Provinces 15th Five-Year Plan for High-Tech Industry Development," which mentions that, with serving the "Aerospace Power" strategy as its core, the province will fully promote the construction of Hainans commercial space launch site, forming a complete industrial cluster covering commercial launch, rocket and satellite manufacturing, and satellite applications, creating a rocket chain, satellite chain, data chain, and "aerospace+" industrial system. By 2030, the revenue of the commercial aerospace industry is expected to reach 50 billion yuan.The Hang Seng Index turned positive, with stocks related to chips, PCBs, leading tech companies, and cloud computing performing strongly.

The Dogecoin Creator Slams the Shiba Inu Metaverse for Stealing $300 Million

Cory Russell

Apr 02, 2022 10:03


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Billy Markus, the creator of Dogecoin, expressed his disappointment on Twitter today.


Shiba Inu's Metaverse plans to offer virtual plots in order to broaden their horizons.


Billy described the idea as a $300 million money grab.


Shiba Inu just launched its Metaverse, dubbed SHIB: The Metaverse, as FXEmpire reported yesterday. While some (mainly SHIB supporters) were overjoyed, others offered counter-arguments that may be regarded facts.

Shiba Inu and Dogecoin Aren't Friends?

Billy Markus, better known as Shibetoshi Nakamoto, the developer of one of the most well-known cryptocurrencies, Dogecoin, did not appear to be pleased with Shiba Inu's ideas.


Markus was unsatisfied with the way SHIB treats its investors after his creation of Dogecoin spawned an entire category of cryptocurrencies known as 'Memecoin.'


"How is building a random metaverse and selling phony land with Ethereum adding utility to their product," Markus asked in response to CoinDesk's coverage of SHIB's Metaverse this morning.


He went on to remark that, while there is undeniably a great potential for developers to make more money, if he were a SHIB investor, this would not sit well with him.


The idea that SHIB: The Metaverse is selling pieces of land in ETH for no intrinsic value was perplexing to Billy.


Justifying his decision, he stated that if 100,000 (actually 100,595) parcels of land were sold for between 0.2 and 1 ETH each, the team would raise between $100 million and $300 million.


This, he claims, is futile because it would just serve to enrich the developers' pockets beyond what they have already reaped from the development of SHIB.


Billy probably said that because Shiba Inu is covertly profiting on the Metaverse buzz in the name of development.


Dogecoin, on the other hand, has set itself up for appropriate development with the phases outlined in its roadmap, which include the creation of a library for enabling the construction of Dogecoin-based DeFi protocols as well as a test suite.


Even if they have yet to be created, it is preferable to know if a possible DeFi chain has some inherent DeFi potential before embarking on the creation of its virtual environment.

On the Charts: DOGE and SHIB

Whatever the case may be with their on-chain developments, both coins appear to be cooling off into consolidation after recent surges on the investor front.


DOGE was unchanged on the daily chart at the time of writing, trading at $0.1381. SHIB, which had dropped 5.69 percent the day before, has recovered 1.35 percent today, trading at $0.00002622.

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