The British Red Cross has taken a significant step by accepting Shiba Inu as a donation currency, thanks to its collaboration with Giving Block, a platform that enables cryptocurrency donations for nonprofit organizations. This development highlights the increasing acceptance and utility of Shiba Inu, a meme cryptocurrency that has gained popularity in recent times.

The Giving Block platform supports Shiba Inu, along with other prominent digital assets, allowing donors to contribute to the British Red Cross with minimal charges. The donated amount is transferred to the charity on a weekly basis, making it a convenient and secure way to support their cause. This recognition of Shiba Inu as a valid donation form is a testament to its growing presence in the cryptocurrency market.

In other news, the SEC Chair has hinted at the possible approval of spot Ethereum ETFs this summer, sparking speculation among experts about the timing of this development. While the exact date is uncertain, Bloomberg's senior ETF analyst predicts a high probability of approval before the Independence Day weekend, making July 2 a likely approval date.

Meanwhile, large Bitcoin whales and miners have sold a staggering amount of BTC over the past 10 days, with a combined value of over $4 billion. This significant sale has raised eyebrows in the cryptocurrency market, with many analysts keeping a close eye on the developments.

The sale of Bitcoin by whales and miners is not uncommon, as they often sell their holdings to cover operating costs and cash out profits from their mining activities. However, the sheer volume of the sale has raised concerns about the potential impact on the cryptocurrency market. As the market continues to evolve, it remains to be seen how these developments will shape the future of cryptocurrencies like Bitcoin and Shiba Inu.