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Hong Kong-listed airline stocks rose amid volatility, with China Eastern Airlines (00670.HK) up over 7% and China Southern Airlines (01055.HK) up over 6%. Air China (00753.HK) and Cathay Pacific (00293.HK) also saw gains.February 4th - Zhu Weidong, Deputy Director of the Central Financial and Economic Affairs Commission and Deputy Director of the Central Rural Work Leading Group, stated at a press conference held by the State Council Information Office on the 4th that this years focus will be on stabilizing farmers income from grain cultivation. The key is to coordinate the use of policies such as pricing, subsidies, and insurance, improve the income protection mechanism for grain farmers, and prevent farmers from suffering losses due to low grain prices. Regarding prices, the government will make good use of policy tools such as minimum purchase prices and target prices, coordinate market-oriented procurement and policy-based storage, and promote the maintenance of reasonable prices for important agricultural products such as grain. Regarding subsidies, the government will maintain the implementation of subsidies for arable land protection, corn and soybean producers, and rice, effectively implement subsidies for agricultural machinery purchases and applications, and encourage local governments to conduct pilot programs for interest subsidies on special loans for grain and oilseed planting, providing farmers with tangible financial support. Regarding insurance, the government will strengthen insurance coverage for rice, wheat, corn, and soybeans, support the development of local specialty agricultural product insurance, improve insurance claims efficiency, effectively prevent natural and market risks, and provide farmers with a "safety belt" for grain cultivation.Petronas, the Malaysian national oil company, has signed a 20-year liquefied natural gas (LNG) supply agreement with Qatar Energy.According to futures news on February 4th, for the week ending January 31st, Japanese commercial crude oil inventories increased by 654,790 kiloliters from the previous week to 9,905,950 kiloliters. Japanese gasoline inventories decreased by 23,192 kiloliters from the previous week to 1,695,734 kiloliters. Japanese kerosene inventories decreased by 126,993 kiloliters from the previous week to 1,803,582 kiloliters. The average operating rate of Japanese refineries was 87.7%, compared to 91.1% the previous week.February 4th - According to Sensor Towers store intelligence platform, 36 Chinese companies were among the top 100 global mobile game publishers in terms of revenue in January 2026, generating a total of $2.18 billion, accounting for 37.8% of the total revenue of the top 100 global mobile game publishers in that period. Tencent, thanks to the strong performance of its flagship products such as "Honor of Kings" and "Peacekeeper Elite," saw its mobile game revenue increase by 43% month-on-month, firmly retaining its title as the worlds highest-grossing mobile game publisher.

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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