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Bone Shibaswap BONE/USD is up 6% in the last 24 hours, outperforming the top five meme coins by market capitalization.

What Happened: At the time of writing, BONE was trading at a high of $1.97, on its way to breaching the $2-mark.

Elon Musks favorite meme crypto Dogecoin DOGE/USD was down 1.78%, trading at $0.084. Shiba Inu SHIB/USD was exchanging hands at $0.00001309, down 2.47% and Flokis FLOKI/USD rally cooled down with a 6.13% dip, currently trading at $0.00001309.

See More: Top Indian Apps That Give Bitcoin, NFT Rewards

Why Its Moving: The rise in BONE can be attributed to two reasons. First, the much anticipated layer-2 blockchain Shibarium, which is speculated to launch next week.

Shytoshi Kusama, the pseudonymous developer of Shibarium confirmed the launch on the Telegram channel.

Secondly, BONE said in a tweet on Thursday that the token is now being listed on Gate.io. The listing announcement also garnered investors attention.

#Bone #Shibarium #TopNews #BoneArmy #ShibArmy $Shib #Shib #Shiba
This is your strength. Congratulations to all , top 10 exchange in the world https://t.co/9ziis0Qn6l will add $Bone . . . pic.twitter.com/VJM7KAVNII BoneShibaSwap (@BoneShiba) February 23, 2023

According to burn tracker Shibburn, the pace at which SHIB meme tokens have been transferred to dead-end wallets has soared by over 708% in the past 24 hours. The SHIB army has burned 7,244,258 Shiba Inu in total.

Read Next: Bitcoin, Ethereum, Dogecoin Mixed On Fed Anxieties: Analyst Thinks Wall Street Risk Aversion Could Revive Apex Crypto

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Elon Musk steps up attacks on Trump once again – as the president fights back

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Elon Musk steps up attacks on Trump once again - as the president fights back

Elon Musk has stepped up his attacks on Donald Trump’s sweeping tax and spending bill – weeks after a spectacular fallout between the world’s richest man and the US president.

Following weeks of relative silence after clashing with Mr Trump over his “big beautiful bill”, the billionaire vowed to unseat politicians who support it.

In a post on X, Musk said those who had campaigned on cutting spending but then backed the bill “should hang their heads in shame”.

He added: “And they will lose their primary next year if it is the last thing I do on this Earth.”

Musk also threatened to put their faces on a poster which said “liar” and “voted to increase America’s debt” by $5trn (£3.6trn).

The posts attracted a swift reply from Mr Trump, who claimed the billionaire “may get more subsidy than any human being in history” for his electric car business.

“Without subsidies, Elon would probably have to close up shop and head back home to South Africa,” he wrote on Truth Social.

“No more Rocket launches, Satellites, or Electric Car Production, and our Country would save a FORTUNE. Perhaps we should have DOGE take a good, hard, look at this? BIG MONEY TO BE SAVED!!!”

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Elon’s dad on the Musk-Trump bust-up

Musk spent at least $250m (£182m) supporting Mr Trump in his presidential campaign and then led the newly formed Department of Government Efficiency (DOGE), which sacked about 120,000 federal employees.

He has argued the legislation would greatly increase the US national debt and wipe out the savings he claimed he achieved through DOGE.

As the Senate discussed the package, Musk called it “utterly insane and destructive”.

The Tesla and SpaceX CEO said the bill’s massive spending indicated “we live in a one-party country – the PORKY PIG PARTY!!”

“Time for a new political party that actually cares about the people,” he wrote.

Read more from Sky News:
Stab victim describes horrible reality of knife crime
Royal train to be scrapped with family to rely on helicopters

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Musk previously said some of his social media posts during his dramatic fallout with Mr Trump “went too far”.

He had shared a series of posts on X, including one that described Mr Trump’s tax and spending bill as a “disgusting abomination”.

He also claimed, in a since-deleted post, that the president appeared in files relating to the disgraced paedophile financier Jeffrey Epstein.

But Musk later wrote: “I regret some of my posts about President @realDonaldTrump last week. They went too far.”

In response, the president told the New York Post: “I thought it was very nice that he did that.”

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What’s in Trump’s ‘Big Beautiful Bill’?

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What's in Trump's 'Big Beautiful Bill'?

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Martha Kelner and Mark Stone break down what’s in Donald Trump’s huge tax and spending bill. He’s trying to sign it into law by the end of the week.

They also discuss the State Department’s decision to revoke US visas for British band Bob Vylan after their Glastonbury performance.

If you’ve got a question you’d like the Trump100 team to answer, you can email it to trump100@sky.uk.

You can also watch all episodes on our YouTube channel.

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Major German bank to offer crypto trading by 2026 amid bank ‘FOMO’

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Major German bank to offer crypto trading by 2026 amid bank ‘FOMO’

Major German bank to offer crypto trading by 2026 amid bank ‘FOMO’

Sparkassen-Finanzgruppe execs once ruled out adopting crypto over concerns of volatility and risk, and the banking giant also blocked customer crypto transactions back in 2015.

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