Aktivita na Shibariu vyskočila za pár dní o 78,51 % na 1 180 denních transakcí, ale cena SHIB na to nereagovala. Token je stále pod tlakem a za posledních 24 hodin klesl o 1,28 %.
Activity on Shibarium, Shiba Inu’s official Layer-2 blockchain, surged sharply over the past day, but SHIB’s price has yet to respond.
According to the latest data from Shibariumscan, Shibarium processed 1,180 daily transactions yesterday. This marks a notable recovery from 661 transactions recorded on July 21, the second-lowest daily transaction count for July.
As a result, daily transactions climbed 78.51% within just a few days, signaling renewed activity on the network after a period of sluggish usage.
Although the latest transaction count remains far below the millions of daily transactions Shibarium recorded during its peak periods, many market observers view the rebound as an encouraging sign.
The increase comes at a time when investors continue to search for a bullish catalyst capable of reversing SHIB’s prolonged price weakness. Even a modest improvement in network activity has sparked optimism that user engagement on Shibarium could gradually recover if the trend continues.
Shibarium Transaction Activity SHIB Price Fails to Respond to Network Improvement Despite the jump in Shibarium transactions, Shiba Inu has not benefited from the renewed activity on the blockchain.
The broader cryptocurrency market experienced another sharp sell-off yesterday, dragging down several major assets, including SHIB. The token fell from an intraday high of $0.000004243 to a low of $0.000004102 before recovering slightly.
At press time, SHIB is trading at $0.000004189. Even with the rebound, the token remains down 1.28% over the past 24 hours, 8.21% over the past week, and 0.34% month-to-date.
Ecosystem Challenges Continue to Weigh on Sentiment Meanwhile, the Shiba Inu ecosystem continues to face several challenges that have dampened investor confidence.
The ongoing bearish market has produced few positive developments for the project. Community members have also expressed concerns over the disappearance of several key team members from X, multiple ecosystem initiatives that remain unfinished, and persistently low SHIB burn activity.
Against this backdrop, Shibarium’s recent transaction rebound has fueled speculation that long-awaited positive catalysts could finally be emerging. However, the increase in network activity alone has not been enough to translate into higher SHIB prices.
Over 113B Shiba Inu Tokens Leave Exchange Despite the weak price performance, investors continue to move SHIB off centralized exchanges.
Notably, more than 113 billion SHIB tokens have recently been withdrawn from exchanges, reducing the total exchange reserve to approximately 86.13 trillion SHIB.
Large exchange outflows are often interpreted as a sign that investors are transferring tokens into private wallets for longer-term holding rather than preparing to sell. While this trend has yet to trigger a price recovery, it suggests that some market participants remain confident in SHIB’s longer-term prospects even as the token continues to trade under bearish pressure.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Popular meme-coin collateral platform Purinta has confirmed it will soon launch a dedicated Shiba Inu market.
Once the feature goes live, users will be able to use their Shiba Inu holdings as collateral to borrow funds without selling their tokens. Announcing the development on X, Purinta stated:
“SHIB market coming soon to Purinta. Deposit, borrow, [and] keep your exposure.”
The announcement also featured a promotional banner reading, “Borrow Against SHIB. Coming Soon to Purinta,” indicating that the feature is currently under development.
Community Vote Secured SHIB’s Listing The decision to add SHIB came directly from the community. A few weeks ago, Purinta conducted a poll on X, asking its more than 25,900 followers to vote on the next meme coin the platform should support.
The results strongly favored Shiba Inu. Out of 396 votes cast, 67.9% supported SHIB, while 32.1% backed Floki. By declaring, “You voted. We listened,” Purinta made it clear that community demand, not an internal decision, determined the outcome.
Pick now!
— Purinta (@purintaxyz) July 7, 2026
After the SHIB market launches, users will be able to deposit their Shiba Inu tokens as collateral and borrow stablecoins such as USDC while retaining exposure to SHIB’s potential price appreciation.
This model allows holders to unlock liquidity without liquidating their positions. Instead of selling SHIB to raise capital, users can continue holding the token while borrowing against it through Purinta’s decentralized finance (DeFi) platform.
SHIB Becomes Purinta’s Fourth Meme Coin Collateral The upcoming integration expands Purinta’s meme coin-focused lending ecosystem, which is built on Morpho and powered by Api3DAO infrastructure.
Currently, the platform supports three meme coins as collateral, such as Pepe (PEPE), Cash Cat (CASHCAT), and SPX6900 (SPX).
With the addition of SHIB, Shiba Inu will become the fourth meme coin available for collateralized borrowing on the platform.
Shiba Inu’s DeFi Utility Continues to Expand Purinta’s integration further strengthens Shiba Inu’s role in decentralized finance by allowing holders to access liquidity without selling their SHIB holdings.
The platform joins a growing number of services that accept SHIB as collateral for stablecoin-backed loans, including CoinRabbit and Binance Loans. Additionally, the Shiba Inu ecosystem team has introduced Shib Finance, a product designed to provide a broader financial suite covering lending, borrowing, and savings.
Notably, Purinta’s support expands SHIB’s utility within the DeFi sector, giving investors another option to unlock capital while maintaining exposure to the token.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Z Coinbase Ethereum infrastruktury bylo přesunuto 1,16 bilionu SHIB v hodnotě asi 4,95 milionu USD do tří zcela nových peněženek. Převod obešel spotový trh a nezasáhl do order booků.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
While the Shiba Inu (SHIB) price remains near the critical level of $0.000004249, a major withdrawal of 1.16 trillion tokens worth approximately $4.95 million has been recorded from Coinbase's Ethereum infrastructure.
According to Arkham Intelligence, the entire amount was distributed across three completely new wallets that were apparently created specifically for these transactions and hold no other assets apart from the received SHIB.
How Coinbase just moved over a trillion SHIB to empty walletsOn-chain data explains why this multimillion-dollar transfer completely bypassed the spot market and had no impact on exchange order books. Two transactions — involving 348 billion and 242 billion SHIB — were sent directly from verified Coinbase Prime Custody addresses, a service that exclusively serves large corporate clients.
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Distributing assets across new, separate addresses outside the trading platform is a standard technical process for a custodian, required for internal security and liquidity management.
On-chain data tracks 1.16 trillion SHIB routing to new isolated wallets, Source: Arkham IntelligenceAt the same time, the origin of the largest portion — 573 billion SHIB that left the platform — remains unclear. It was transferred from wallet "0xa59...447", which has no exchange labels in Arkham's system. This address may belong either to an unmarked internal Coinbase structure or to a large private holder withdrawing the assets.
Why is this happening right now?The token is trading close to the psychological support level of $0.00000400, while the weekly RSI of 33–35 indicates that the asset is deeply oversold. A move below this support level would expose SHIB to the risk of falling toward its lows from previous years.
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The fact that 1.16 trillion SHIB is being separated within the custody system precisely near a local bottom points to the locking in and preservation of positions.
The transfers were deliberately conducted within the exchange's infrastructure, bypassing spot order books, which made it possible to move a large amount without causing price fluctuations and to keep the price above the critical threshold.
SHIB za posledních 24 hodin spálil 12,47 milionu tokenů, což znamená nárůst denních burnů o 350,29 %. Současně přibývají velrybí objednávky a odtoky z burz, ale breakout zatím nepřišel.
Shiba Inu [SHIB] strengthened its long-term deflationary narrative after its burn rate climbed sharply over the past day.
Shibburn data showed that 12.47 million SHIB left circulation during the previous 24 hours, representing a 350.29% increase in daily burns.
The network also removed 481,463 SHIB during the last hour, while the seven-day burn total reached 44.23 million SHIB, reflecting a 32.63% weekly increase.
Those figures highlighted sustained efforts to reduce the token’s circulating supply despite relatively muted price action.
However, the shrinking supply alone did not immediately translate into stronger price appreciation.
Instead, the burn activity reinforced SHIB’s longer-term scarcity narrative, leaving traders focused on whether demand would strengthen enough to capitalize on the declining token supply.
Exchange outflows eased immediate selling pressure Spot flow data revealed that capital continued leaving exchanges instead of moving onto them.
SHIB recorded a negative spot netflow of approximately $175,050, indicating that more tokens exited exchanges than entered during the latest session.
Negative netflows typically indicate reduced immediate selling pressure, as investors move tokens off exchanges rather than preparing them for sale.
Even so, the relatively modest size of the outflow suggested that conviction remained measured instead of aggressive.
Market participants continued reducing available exchange liquidity without triggering a broad buying wave.
As a result, the outflow data complemented the improving burn statistics and suggested that holders preferred accumulation over distribution.
However, stronger demand would still need to emerge before SHIB could sustain a larger recovery.
Source: CoinGlass Whale activity quietly returned to the market Large investors became increasingly active across SHIB’s spot market despite the subdued price environment.
The Spot Average Order Size indicator continued flashing “Big Whale Orders,” showing that larger transactions accounted for a greater share of executed trades.
That pattern often reflected institutional or high-net-worth participation rather than retail-driven activity.
Even though the market lacked a decisive breakout, whales continued absorbing liquidity while exchange balances gradually declined.
This combination may indicate that larger participants are positioning for a longer-term move despite near-term uncertainty.
Retail participation remained relatively restrained, yet growing whale-sized orders hinted that sophisticated investors had started positioning ahead of a potential directional move instead of waiting for confirmation after a breakout.
Source: CryptoQuant SHIB held key support as MACD improved SHIB continued trading inside a descending channel after several weeks of lower highs and lower lows.
However, the price defended the $0.00000409 support area while attempting to stabilize above it, preventing another breakdown toward the channel’s lower boundary.
Immediate resistance remained near $0.00000450, while a stronger barrier stood around $0.00000500, both aligning with previous rejection zones.
The MACD reflected improving market conditions because the blue MACD line climbed above the signal line while the histogram shifted closer to the neutral level.
Although a confirmed bullish crossover had not yet appeared, selling pressure had continued fading throughout July.
If buyers maintain control above current support and the MACD completed a bullish crossover, SHIB could challenge $0.00000450 first.
A successful breakout above that level would likely expose $0.00000500. However, losing $0.00000409 could invite another decline within the descending channel.
Source: TradingView Shiba Inu combined stronger burn activity, continued exchange outflows, and increasing whale participation into a more constructive market structure.
Together, these on-chain metrics point to improving market conditions, although SHIB still needs a confirmed breakout to validate a broader trend reversal.
If buyers sustain current support and technical conditions continue improving, SHIB could attempt a move toward $0.00000450 before targeting $0.00000500.
Final Summary SHIB’s daily burn rate jumped more than 350% as exchange outflows continued to ease near-term selling pressure. Growing whale-sized orders and improving momentum indicators point to strengthening sentiment, but a breakout above resistance is still needed.
Shiba Inu za posledních 24 hodin spálil 13,2 milionu tokenů SHIB a míra spalování vyskočila o 131,2 %. Největší transakce přesunula 9,7 milionu SHIB z CEX.IO do dead wallet.
Shiba Inu’s burn rate surged over the past 24 hours after community members permanently removed more than 13 million SHIB tokens from circulation.
According to Shibburn data, a total of 13.2 million Shiba Inu were burned in the past day, permanently reducing the token’s circulating supply. The burns were completed across 13 separate transactions, with the largest single burn accounting for the majority of the destroyed tokens.
The biggest transaction occurred yesterday when an unidentified user transferred 9.7 million SHIB from the CEX.IO exchange to the official dead wallet. Meanwhile, the second-largest burn took place just hours before press time, eliminating approximately 1.2 million SHIB from circulation.
Shiba Inu Burn Activity Accelerates Sharply The latest burn marks a significant increase compared with activity recorded over the previous week, during which daily burns generally remained below 7 million SHIB.
Following the latest spike in burns, Shibburn data shows that the 24-hour burn rate soared by 131.2%. The recent activity also lifted longer-term burn totals. Weekly burns have now reached 45.44 million SHIB, while the monthly burn count has climbed to 269.9 million SHIB.
Shiba Inu Burn Since the launch of the Shiba Inu ecosystem, the community has permanently destroyed 410,840,414,408,454 SHIB (410.84 trillion) through 21,216 burn transactions. That figure represents 41.08% of Shiba Inu’s original 1 quadrillion-token supply, leaving about 58.92% of the total supply still in circulation.
SHIB Price Remains Under Selling Pressure Despite the sharp increase in token burns, SHIB continues to trade under bearish pressure. At the time of writing, Shiba Inu was down 0.23% over the past 24 hours, trading at $0.000004143. The token has also declined 1.36% over the past seven days and 12.31% over the last month.
Furthermore, SHIB remains 1.13% lower on a month-to-date basis, leaving the token with only 11 days to recover and turn its monthly performance positive. It continues to rank outside the top 30 and currently stands as the 33rd-biggest token globally, with a market cap of $2.43 billion.
Meanwhile, growing exchange inflows continue to offset the positive impact of the latest burn activity. According to CryptoQuant data, approximately 12.6 billion SHIB flowed into cryptocurrency exchanges over the past 24 hours.
Consequently, Shiba Inu’s exchange reserve increased to 86.32 trillion SHIB, suggesting that more holders may be positioning their tokens for potential selling, which could continue to weigh on the asset’s near-term price performance.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
SBI Holdings po koupi Coinhako získala nepřímou kontrolu nad 1,11 bilionu SHIB v hodnotě 4,62 milionu USD. Nejde ale o přímou investici SBI do Shiba Inu.
Japanese financial giant SBI Holdings has gained exposure to a substantial Shiba Inu holding following its acquisition of Singapore-based cryptocurrency exchange Coinhako.
The acquisition, carried out through SBI’s subsidiary, SBI Ventures Asset, received final approval from the Monetary Authority of Singapore (MAS), allowing the transaction to close. As a result, Coinhako has become a consolidated subsidiary of SBI Holdings.
Through the acquisition, SBI gains immediate access to Coinhako’s regulated crypto infrastructure, expanding its digital asset ecosystem beyond Japan while strengthening its regional footprint.
SBI Plans Broader Digital Asset Expansion SBI plans to leverage Coinhako as a gateway to expand its blockchain-based financial services across Southeast Asia. The integration will allow SBI to connect Coinhako’s user base with products such as its yen-backed stablecoin JPYSC and tokenized real-world asset (RWA) offerings.
The acquisition also strengthens SBI’s regulatory position in the region by giving it access to Coinhako’s Singapore-based operations and Major Payment Institution (MPI) license from the Monetary Authority of Singapore. This provides a compliant foundation for expanding digital asset services without building a new infrastructure from the ground up.
SBI Chairman Yoshitaka Kitao said the move aligns with the company’s goal of creating global digital asset corridors that connect Japan and Southeast Asia through faster blockchain-powered payments and cross-border financial services.
SBI Inherits More Than 1 Trillion SHIB Tokens Beyond the strategic expansion, the acquisition also gives SBI control over Coinhako’s substantial cryptocurrency treasury. According to blockchain intelligence platform Arkham, Coinhako currently holds $160.87 million worth of digital assets across multiple cryptocurrencies.
Among those assets are 1.11 trillion Shiba Inu tokens, valued at $4.62 million at current market prices. While SHIB represents only a portion of Coinhako’s total holdings, it remains one of the exchange’s largest crypto positions.
Arkham data shows that Shiba Inu is Coinhako’s sixth-largest cryptocurrency by dollar value. Ethereum, Binance Coin, Chainlink, Tether, and Pepe lead the exchange’s portfolio.
With Coinhako now operating as an SBI subsidiary, these treasury assets, including the 1.11 trillion SHIB tokens, effectively become part of the broader SBI corporate ecosystem. However, they remain exchange-held assets rather than direct investments by SBI itself.
Coinhako Crypto Holdings What the Acquisition Means for Shiba Inu Meanwhile, the acquisition does not necessarily indicate that SBI has purchased Shiba Inu as an investment. Instead, the company has assumed ownership of an exchange that already custodies significant amounts of SHIB alongside numerous other digital assets.
Nevertheless, the transaction places more than 1 trillion SHIB tokens under the umbrella of one of Japan’s largest financial groups. It is worth noting that SBI’s crypto exchange arm, SBI VC Trade, already supports Shiba Inu trading and has launched several campaigns for users, including staking opportunities and token giveaways.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Za 24 hodin bylo u Shiba Inu spáleno 6,75 milionu SHIB a denní burn rate vzrostl o 140 %. Od spuštění bylo z oběhu trvale odstraněno 41,08 % původní nabídky.
Shiba Inu’s deflationary momentum intensified over the past 24 hours, with 6.75 million tokens sent to dead wallets. This action pushed the daily burn rate up by 140% compared to the previous day, highlighting the community’s continued commitment to reducing SHIB’s circulating supply.
Burn milestone and supply reductionSince its launch, Shiba Inu has permanently destroyed 410,840,395,512,922 tokens by sending them to unusable null addresses. This ongoing strategy has resulted in 41.08% of SHIB’s original 1 quadrillion token supply being removed from circulation. Currently, 58.92% of the initial supply remains, demonstrating the significant impact of these regular token burns.
MetricAmountTotal Supply Burned410.84 trillion SHIBPercentage Burned41.08%Current Supply58.92% of initialThe pace of SHIB burns remains consistent, with over 21,000 cumulative burn transactions now recorded. Data shows that these collective efforts, carried out by members of the Shiba Inu community, have reached 21,193 individual transactions, reflecting an ongoing reduction in supply through a decentralized mechanism.
Short-term burn statistics and price movementsIn the last seven days, the SHIB community removed 43.75 million tokens from circulation, while the thirty-day tally stands at 267.58 million tokens. Despite these supply reductions, the price performance has shown modest fluctuations. Over the latest 24-hour period, SHIB edged up by 0.96% to $0.00000417, though it still trades 4.87% lower on the weekly timeframe.
PeriodSHIB BurnedPast 24 Hours6.75 millionPast 7 Days43.75 millionPast 30 Days267.58 millionOver 410 trillion SHIB have now been sent to dead wallets, meaning 41.08% of the original supply is permanently removed, while over 21,000 separate burn transactions have been completed by the community.
Macro factors and regulatory developmentsShiba Inu’s recent price movement followed mixed signals from wider economic data. The latest US producer and consumer price index readings came in softer than expected, while jobless claims for the week ending July 11 totaled 208,000, lower than forecasted figures. The University of Michigan’s latest consumer sentiment index rose to 54.4, surpassing the Dow Jones consensus forecast of 50.5.
Japan implemented major amendments to the Financial Instruments and Exchange Act (FIEA) on July 15, 2026. The updated legislation distinguishes cryptocurrencies like Bitcoin and Ethereum from securities and instead classifies them as investment products.
The revisions seek to strengthen investor protection while enhancing engagement from banks, securities firms, asset managers, and institutional investors in Japan’s crypto market.
Shiba Inu is already included on the Japan JVCEA Green List, a status that simplifies listing on regulated domestic platforms. With this regulatory update, SHIB could see improved access and visibility in Japan’s evolving digital asset landscape.
Mini dictionary: JVCEA Green List – A registry maintained by the Japan Virtual and Crypto Assets Exchange Association (JVCEA) that includes cryptocurrencies approved for listing on domestic exchanges, allowing for easier regulatory compliance and onboarding in the Japanese market.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Shiba Inu has missed out on what could have been its first appearance in a U.S.-listed spot crypto exchange-traded fund (ETF).
This comes after T. Rowe Price launched its long-awaited Active Crypto ETF without including the meme coin among the supported assets. For months, the Shiba Inu community anticipated SHIB’s inclusion in the fund.
During the ETF’s initial filing in October 2025, the $1.89 trillion asset manager revealed plans to hold between five and 15 digital assets. At the time, SHIB appeared on the list of cryptocurrencies that met the fund’s eligibility standards, fueling optimism that it would become one of the first meme coins to gain exposure through a U.S.-listed spot crypto ETF.
However, that expectation did not materialize when the fund officially launched.
T. Rowe Price Debuts TKNZ on NYSE Arca Following approval from the U.S. SEC, T. Rowe Price launched the Active Crypto ETF yesterday under the ticker TKNZ on NYSE Arca.
The actively managed fund debuted with $15 million in assets under management (AUM) and carries an expense ratio of 0.75%. Rather than including SHIB, the ETF launched with exposure to the following digital assets:
Bitcoin (BTC) – 40.75% Ethereum (ETH) – 18.42% Binance Coin (BNB) – 11.01% Solana (SOL) – 9.44% XRP (XRP) – 9.37% Hyperliquid (HYPE) – 6.45% Stellar (XLM) – 3.00% Dogecoin (DOGE) – 1.28% USD Coin (USDC) – 0.16% Cash equivalents – 0.11% While Dogecoin secured a place in the portfolio, Shiba Inu was absent despite previously being identified as an eligible asset.
Why Was Shiba Inu Excluded? T. Rowe Price did not provide an official explanation for SHIB’s exclusion. Nevertheless, several developments since the ETF’s initial filing may have influenced the final portfolio selection.
When the filing was submitted in October 2025, Shiba Inu ranked among the top 20 cryptocurrencies by market cap. Since then, the token has experienced a significant decline in market value and has slipped out of the top 30.
At press time, SHIB ranks as the 33rd-largest cryptocurrency, with a market cap of $2.43 billion and a trading price of $0.000004132.
Beyond its declining market position, the project’s public presence has also weakened. Several prominent members of the Shiba Inu ecosystem have become less active on social media. Meanwhile, the Shibtoken X account—once widely viewed as the project’s primary social media presence—has increasingly promoted other meme coin projects, raising concerns among some community members about the ecosystem’s current direction.
Active Management Leaves the Door Open Although SHIB was excluded from the ETF’s initial holdings, its chances of joining the fund in the future have not been completely ruled out.
Unlike passive index-tracking ETFs, the T. Rowe Price Active Crypto ETF actively adjusts its portfolio based on changing market conditions and investment opportunities. As a result, the fund manager can modify asset allocations or introduce new cryptocurrencies over time.
If Shiba Inu regains market momentum, improves its ranking, or demonstrates stronger ecosystem growth, it could potentially qualify for inclusion during a future portfolio rebalance.
For now, SHIB also lacks a standalone spot ETF application in the United States. Unlike Bitcoin, Ethereum, XRP, and several other major cryptocurrencies that have attracted ETF proposals, no asset manager has filed for a dedicated Shiba Inu ETF.
Until such a filing emerges, or SHIB is added to an actively managed crypto fund like TKNZ, the timeline for the token’s first U.S. spot ETF exposure remains uncertain.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Americká vláda přesunula zhruba 235 500 USD v Shiba Inu (SHIB) zabavených z FTX a Alameda Research. Šlo o poslední krok téměř denního rozprodeje v hodnotě asi 778 000 USD.
US government moves memecoins seized from Sam Bankman-Fried's FTX
The U.S. government has moved roughly $235,500 worth of Shiba Inu (SHIB) seized from collapsed crypto exchange FTX and trading firm Alameda Research, on July 15, according to Arkham Intelligence data.
The SHIB transfer of 54.895 billion tokens was the final move in a nearly day-long dispersal. Over the preceding 20 hours, the same government wallet sent out 209.18 ETH ($390,980), 0.533 Wrapped Bitcoin ($34,360), and smaller allocations of Compound ($21,120), Yearn Finance ($11,390), Numeraire ($39,890), Axie Infinity ($4,080), and iExec RLC ($40,720).
In total, the dispersal moved roughly $778,000 across at least eight fresh addresses.
Test transactions signal a careful operationThe on-chain data reveals methodical execution. Nearly every transfer was preceded by a roughly $10 test transaction in the same token. It is a standard precaution before moving funds to new addresses.
U.S. Government moves multiple memecoins including Shiba Inu
Arkham
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The FTX dispersal wasn't the only action. Twenty-two hours earlier, a U.S. government wallet tied to the Bitfinex hack case sent 5,939 ETH, worth $11.15 million, to Coinbase Prime, the platform the U.S. Marshals Service selected in 2024 to custody and trade its large-cap digital assets.
Trending on TheStreet RoundtableCathie Wood's ARK issues bold prediction on U.S. digital dollarU.S. government moves $8.8M of Bitcoin that Trump said would never sellAnalysts stunned by Robinhood's $3.1 billion debut weekA $21 billion crypto treasuryThe moves are small changes against the government's total stack. Arkham pegs U.S. government crypto holdings at $21.4 billion across 618 tracked addresses. It is dominated by 324,552 Bitcoin worth $21.1 billion, plus $145 million in Tether, $48.7 million in Wrapped Bitcoin, and $42.8 million in Ethereum.
The FTX-seized tokens trace back to Sam Bankman-Fried's 2022 collapse. A federal judge ordered him to forfeit $11 billion following his fraud conviction, with recovered assets directed toward victim compensation.
The two were supposed to operate independently, but FTX secretly funneled billions in customer deposits to Alameda to cover its losses. Both collapsed in November 2022, and Bankman-Fried was convicted of fraud, receiving 25 years in prison.
The tokens trace back to the 2022 collapse of Sam Bankman-Fried's empire. A federal judge ordered Bankman-Fried to forfeit $11 billion after his fraud conviction, with recovered funds directed toward victim compensation.
SHIB čelí novému prodejnímu tlaku poté, co za posledních 24 hodin zamířilo na centralizované burzy asi 96 miliard SHIB, zatímco odlivy činily přibližně 112 miliard SHIB. Cena se drží kolem 0,0000042 USD, blízko několikaměsíčních minim.
Shiba Inu is experiencing renewed selling pressure after almost 100 billion SHIB entered centralized exchanges over the past 24 hours. New on-chain data shows that exchange inflows reached about 96 billion SHIB, while outflows stood at approximately 112 billion SHIB during the same period.
Technical setbacks for SHIBShiba Inu, an Ethereum-based meme coin with a loyal community, continues to struggle below major resistance levels. The asset is trading near $0.0000042, close to multi-month lows, reflecting a weak market structure that has persisted for several months.
Current technical analysis reveals that the 50-day, 100-day, and 200-day exponential moving averages (EMAs) are all positioned above SHIB’s current price, indicating ongoing bearish momentum. After forming a rising wedge pattern earlier in the year, the token broke lower and has yet to confirm a meaningful reversal.
Attempts to recover since then have failed, with each bounce capped by lower highs. The bearish outlook intensified when sellers effectively absorbed upward moves in June and July, prompting further caution among investors.
On-chain activity raises concernsLarge volumes of SHIB moving onto exchanges often precede increased selling activity or shifting investor strategies. When more tokens are deposited into exchange wallets, the available supply for trading rises and applies further pressure to prices if market demand remains subdued.
Despite the elevated inflows, overall netflows have stayed negative as outflows modestly surpassed inflows. However, analysts note that a sequence of daily inflows near the 100 billion SHIB mark signals that holders may still be preparing to sell or adjust their positions.
Momentum indicators also underscore market weakness. Trading volumes are lower compared to earlier in the cycle, and the relative strength index (RSI) remains below the neutral 50 threshold, pointing to limited buying conviction from bulls.
IndicatorCurrent Status24h Exchange Inflows96 billion SHIB24h Exchange Outflows112 billion SHIBCurrent Price$0.0000042Below 50-day EMA?YesRSIBelow 50Mini dictionary: Exponential Moving Average (EMA) — A type of moving average that gives more weight to recent prices in an asset’s price data, often used to identify trend direction and support or resistance on a trading chart.
Market sentiments and investor behaviorSo far, SHIB has not seen strong signs of accumulation or renewed investor confidence. Unlike previous cycles when rallies were supported by robust demand, the current market has stabilized with less enthusiasm from both retail and institutional buyers.
Nevertheless, not every exchange inflow signals imminent selling. Some participants may be transferring SHIB for portfolio adjustments, liquidity needs, or arbitrage opportunities rather than immediate liquidation.
Exchange inflows often reflect holders’ intentions to reposition, but a lack of panic-driven withdrawals and stable total exchange reserves suggest that the market is not experiencing widespread fear at this stage.
Still, persistent negative momentum and large inflows continue to weigh on the outlook, leaving sellers in control as SHIB trades at its lowest levels in several months.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Shiba Inu community veteran Mazrael highlighted Japan's latest crypto push, which stands to benefit Shiba Inu.
According to Mazrael, Japan just took another major step toward becoming one of the world's most crypto-friendly economies.
🇯🇵 Japan just took another major step toward becoming one of the world's most crypto-friendly economies.
• Crypto is being recognized as regulated financial products.
• The government is moving toward legalizing crypto ETFs.
• SHIB is already on Japan's JVCEA Green List,… https://t.co/A05BOgkjdc pic.twitter.com/Gkxqam60kJ
— Mazrael.Shib (@Mazrael_shib) July 11, 2026 This comes as cryptocurrencies are recognized as regulated financial products in the country. Last month, Japan's House of Representatives passed a bill that moves crypto regulation from the Payment Services Act to the Financial Instruments and Exchange Act.
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The new rules, due to come into force next year, would treat crypto assets as financial instruments, subjecting them to lower taxes and stricter trading rules. They also open the door to new products such as exchange-traded funds (ETFs).
Mazrael also highlighted Japan's push toward legalizing crypto ETFs. Japan is getting closer to bringing cryptocurrency further into its mainstream financial system after indicating support for crypto exchange-traded funds. Finance Minister Satsuki Katayama stated the government is working on a legal framework to allow these investment products in the domestic market.
Big win for SHIB?Japan has over 14 million open cryptocurrency accounts, with low- to middle-income retail customers driving the growth.
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Shiba Inu is positioned to benefit from this growing market as it is already on Japan's JVCEA Green List, which makes it easier for regulated platforms in the country to list. JVCEA said it had added Shiba Inu to the Green List last November. This is significant as being on the list is like getting a fast pass for Japanese exchanges.
SHIB is also available through Mercoin, a Tokyo-based subsidiary of Japan's massive e-commerce and marketplace app Mercari, thus expanding access across Japan.
Japan opened a major door for SHIB in April with its listing on Rakuten Wallet, a cryptocurrency trading platform owned by Japan's Rakuten Group. Shiba Inu is now utilized in the ecosystem, which includes Rakuten Pay with 44 million users, allowing SHIB to reach people who have never even thought about crypto.
Velcí držitelé SHIB už osmý den po sobě stahují tokeny z burz do cold peněženek, čímž dál snižují nabídku k okamžitému prodeji. CryptoQuant uvádí, že čistý odtok je rekordně záporný od 3. července.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Large Shiba Inu coin holders have staged a systematic exodus from exchanges, moving tokens into long-term storage. According to analytics platform CryptoQuant, SHIB's net flow on trading platforms has remained negative for a record eight consecutive days since July 3.
So-called smart money, which controls up to 94.5% of the token's supply, has reduced selling and withdrawn hundreds of billions of tokens to "cold" wallets over this period.
The movement of tokens over the past 24 hours is reflected in the following metrics:
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Massive outflow: 226.3 billion SHIB left exchange accounts for private addresses.Modest inflow: Around 131 billion SHIB was deposited on trading platforms for potential sale.Net deficit: Exchange order books lost a net 95.35 billion SHIB in just one day.Reserves near the bottom: Total SHIB holdings on centralized platforms fell to 86.69 trillion tokens.The meme coin's price stabilized near $0.00000438 as exchange supply continued to decline. SHIB has gained approximately 4.12% since the beginning of July, but it remains trapped in a narrow range after a difficult June, when the asset lost 24%.
Large transfers slow, but reserves keep fallingThe seven-day average number of SHIB deposits to exchanges fell by 69%, while the equivalent figure for withdrawals declined by 78%. This means overall large-transfer activity weakened significantly compared with the previous week.
At the same time, the negative netflow shows that exchange reserves continue to shrink despite the lower number of transactions. The amount of SHIB available for immediate sale on centralized platforms is gradually decreasing.
Shiba Inu (SHIB) exchange netflow since July 3 2026, Source: CryptoQuant You Might Also Like
One important detail is that token withdrawals alone do not prove that all transfers are related to accumulation. Some of the activity may involve funds being redistributed between custodial wallets, internal exchange operations, or changes in storage structure.
What this means for the SHIB priceA decline in exchange supply could reduce potential selling pressure. If demand begins to rise, the smaller amount of available tokens may amplify the price response to new buying activity.
However, the eight-day outflow streak does not yet confirm the beginning of a new uptrend. Trading activity and the number of large transfers are declining alongside exchange reserves, meaning the market will need stronger spot volume to break out of the current consolidation range.
In the coming days, the main indicators for the Shiba Inu coin will be exchange reserves, daily netflow, and trading volume. Continued withdrawals combined with stronger buying activity would provide more reliable confirmation of a shift in the market balance than negative netflow alone.
Oficiální účet Shiba Inu na X se 3,8 milionu sledujících začal nečekaně propagovat nízkokapové meme coiny a launchpad místo vlastního ekosystému. Zatím není jasné, zda jde o dohodu, zneužití účtu, nebo kompromitaci.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
The official Shiba Inu (SHIB) token account on X, which has an audience of 3.8 million followers, has suddenly shifted away from its usual focus. Instead of covering the SHIB token and the development of its own ecosystem, the project's media infrastructure has begun actively promoting third-party meme tokens with extremely low market capitalizations.
Two unusual posts appeared on the profile one after another. In a reply beneath another account's post, the Shiba Inu account left a brief comment openly claiming that a new, little-known frog-themed token was superior to PEPE, a genuinely major project. The post it replied to included the micro-token's smart contract address.
Official X account of Shiba Inu (SHIB) cryptocurrency project, Source: XShortly afterward, another promotional reply appeared on the account, this time supporting a third-party meme coin launchpad and its native token. The publication was presented in SHIB's signature style, including grandiose slogans about a "mission to save meme culture" and emojis.
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The attention economy and three possible scenariosAmid fierce competition for liquidity, particularly during the summer slump, the entire crypto industry operates according to the rules of the attention economy. Major projects usually try to keep their audience focused on their own products rather than direct valuable traffic toward third-party assets, especially competing meme tokens.
The promotion of micro-cap assets to an audience of 3.8 million followers by a multibillion-dollar giant appears highly unusual and fits three possible scenarios:
Because this third-party launchpad has appeared in Shiba Inu's feed more than once, the publications may be part of an official commercial agreement. However, this raises the question of why the account's management would deliberately dilute its community's attention to promote highly speculative assets.It is also possible that individual SHIB developers or managers with access to the main account decided to monetize the project's enormous audience for personal gain.The possibility of an account compromise also cannot be ruled out. Publishing contract addresses in replies and encouraging users to buy new tokens are classic warning signs of a hacker attack. You Might Also Like
At the time of publication, official ecosystem representatives, including lead developer Shytoshi Kusama, had not commented on the situation. Until the context of these publications is clarified, SHIB investors and holders should exercise extreme caution and avoid rushing to follow links posted through the project's account.
SHIB spálil 110 milionů tokenů za jediný den, což je nejvíc za šest měsíců, ale cena přesto klesla zhruba o 4,57 % za den. Slabá poptávka po memecoinech dál převažuje nad efektem burnů.
Token burns often act as a mechanism to help a token diverge from broader market FUD.
The logic is simple: Burning tokens permanently removes them from circulation by sending them to dead wallets, reducing the liquid supply available in the market.
If demand stays the same or increases, this lower supply can create scarcity, supporting price and helping the token outperform the broader market.
The Shiba Inu community appears to be testing this thesis in real time. As the chart below shows, more than 110 million SHIB were burned on the 8th of July, marking the biggest single-day burn in six months.
More importantly, weekly burns have now climbed to 152 million SHIB, suggesting the burn rate is accelerating despite broader memecoin weakness.
Source: Shiburn However, the burns have yet to translate into any meaningful technical strength. SHIB is down around 4.57% on the daily chart, continuing to diverge from the typical scarcity-driven narrative.
The reason becomes clearer when looking at Shiba Inu’s [SHIB] supply dynamics.
Since launch, the SHIB community has burned more than 410 trillion SHIB, yet roughly 585.6 trillion tokens still circulate in the market.
In other words, the recent increase in burn activity removes only a tiny fraction of the total supply, failing to materially tighten the circulating supply. Without a meaningful pickup in demand, reduced supply alone is unlikely to reverse SHIB’s broader downtrend.
From a market perspective, this shifts the focus back to the broader memecoin sector. If sector-wide liquidity continues to weaken, deflationary tokenomics alone may not be enough to trigger a sustained FOMO rally.
Instead, SHIB is likely to remain more sensitive to broader memecoin capital flows than its own burn rate.
SHIB burn activity surges as memecoin weakness deepens The recent 110 million SHIB burn wasn’t an isolated event.
Instead, it capped off a broader pickup in burn activity.
According to Shibburn data, the Shiba Inu community burned 152 million+ SHIB over the past week, lifting the weekly burn rate by 55.77%. Most of that increase came from the 110 million SHIB burned, marking the network’s biggest single-day burn in six months.
Even so, SHIB’s price continues to ignore the spike in burn activity.
The token is down 5%+ over the past week, showing that lower supply alone hasn’t been enough to shift market structure. The memecoin market tells the story.
During the Q4 2024 rally, memecoins made up more than 10% of the total altcoin market cap. At press time, that share has dropped to just 3.7%, showing that capital has continued to leave the sector.
Source: CryptoQuant From a supply-demand perspective, demand clearly remains the limiting factor.
While token burns continue to reduce supply at the margin, the ongoing outflow of capital from memecoins has more than offset that effect. Until liquidity returns to the sector, demand (not deflationary tokenomics) is likely to remain the primary driver of SHIB’s price.
Final Summary SHIB burned 110 million tokens in its biggest burn in six months, but the price is still falling. Weak memecoin demand continues to outweigh SHIB’s token burns.
Počet držitelů SHIB vzrostl na 1 675 551, ale část komunity tvrdí, že růst je umělý a neodráží skutečné přijetí. WoofSwap to odmítá a označuje TheShibBull za zábavný komunitní experiment.
A fresh controversy has emerged within the Shiba Inu ecosystem after a community figure alleged that the network’s recent surge in wallet addresses does not reflect genuine adoption.
The development follows a sharp increase in Shiba Inu’s holder count. Earlier this month, the figure also surpassed the 1.6 million milestone. Since July 4, SHIB has added more than 75,000 wallet addresses, pushing the total number of holders to 1,675,551 (1.67 million).
At first glance, the rapid growth signals rising adoption. However, The Dark Shib argued that the increase stems from an automated distribution mechanism rather than new investors joining the ecosystem.
Analyst Questions SHIB Holder Count Growth According to The Dark Shib, the activity originates from TheShibBull, a verified smart contract created by decentralized exchange WoofSwap. The analyst claimed that the contract generates new wallet addresses and sends them small amounts of SHIB, causing blockchain tracking platforms to recognize those addresses as token holders.
Specifically, Dark Shib alleged that the contract uses blockchain data, including block hashes, to generate random Ethereum addresses before distributing as little as 1 SHIB to hundreds of wallets in each transaction.
As a result, the holder count increases even though the addresses do not belong to users who intentionally purchased SHIB, actively participate in the ecosystem, or contribute to network activity.
The analyst stressed that wallet count alone does not accurately measure adoption. According to him, inactive wallets holding negligible amounts of SHIB should not be treated as evidence of genuine community expansion.
Marketing Strategy? The analyst also questioned the contract’s administrative features, claiming that its owner can modify the amount of SHIB distributed and withdraw tokens held within the contract. Consequently, Dark Shib argued that the initiative cannot be viewed as a fully decentralized community effort.
Furthermore, the community member criticized WoofSwap for promoting SHIB holder milestones while simultaneously drawing attention to its RYOSHI token. The analyst suggested that the rising holder count may have been used as a marketing strategy to increase visibility for the affiliated project.
WoofSwap Defends TheShibBull Initiative WoofSwap rejected the allegations and defended TheShibBull as a lighthearted community initiative rather than an attempt to mislead investors.
In response, the DEX argued that although the contract sends 1 SHIB to randomly generated wallets, anyone who eventually controls one of those addresses could discover the deposited tokens.
Moreover, WoofSwap said the initiative was intended to make the SHIB community more enjoyable rather than contribute to ongoing disputes. The project encouraged developers to build creative experiences for SHIB rather than criticizing existing initiatives, describing TheShibBull as a fun experiment designed to celebrate the ecosystem.
That's a pretty interesting take!
Faking holder addresses doesn't make the whole thing useless.
Those wallets are randomly generated anyway. If someone actually claims one, they'll open it and find 1 SHIB waiting inside. Pretty fun, right?
We should do more stuff like this. It… https://t.co/JijrUgFbaP
— WOOF (@woofswap) July 6, 2026
Shiba Inu Holder Distribution Reveals Strong Whale Dominance Meanwhile, Shiba Inu’s holder count increased by another 0.002% over the past 24 hours, reaching 1,675,551 addresses. Despite the expanding holder base, ownership remains concentrated among a relatively small number of large wallets.
Data from Etherscan shows that whales account for just 707 wallets, representing 0.04% of all holders, yet they control 94.52% of SHIB’s market cap of $2.55 billion.
In comparison, sharks comprise 2,861 wallets (0.17%) and hold 1.77% of the market cap, while dolphins represent 29,833 addresses (1.78%) and control 1.89% of the token’s value.
Smaller investors make up the overwhelming majority of SHIB holders. Fish wallets total 188,958 addresses (11.28%) and collectively control 1.35% of the market cap. Crabs account for 479,350 wallets (28.61%) and hold 0.41%.
Meanwhile, shrimp remains the largest holder category by wallet count. They comprise 973,906 addresses, representing 58.12% of all SHIB holders, but collectively control just 0.05% of the token’s market capitalization.
Shiba Inu Tier Distribution Overall, the distribution highlights a significant gap between Shiba Inu’s expanding holder count and its ownership structure, as a small group of whale wallets continues to dominate the vast majority of the token’s market exposure.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Komunita Shiba Inu varuje uživatele před zastaralými doménami; oficiálním vstupem do ekosystému je nyní pouze Shib.io. Na této adrese mají být i ShibaSwap a Shibarium.
A long-standing member of the Shiba Inu community, known as Mazrael, has issued a renewed warning to SHIB users regarding obsolete domain names associated with the ecosystem. According to his latest statement, these addresses—no longer managed by the project—should not be considered official access points for Shiba Inu services.
Shib.io now the official portalMazrael emphasized that Shib.io serves as the core portal for the Shiba Inu ecosystem, including ShibaSwap and Shibarium. He urged users to rely solely on this address and to carefully verify all official links for security reasons before interacting with the ecosystem or its products.
Glossary: Shibarium is a layer-2 blockchain network developed for the Shiba Inu ecosystem. ShibaSwap is the ecosystem’s decentralized trading application.
This warning extends beyond general ecosystem addresses. Mazrael also reminded the community about the domain name previously associated with the Shib The Metaverse virtual world project, clarifying its current status and management.
Shib The Metaverse domain no longer managed by projectAccording to Mazrael, the domain name tied to the Shib The Metaverse project is no longer owned or administered by the Shiba Inu core team. He cautioned that this address could potentially be purchased by third parties in the future, or repurposed for entirely different objectives.
For your safety, do not assume that any future content appearing at this domain is affiliated with the SHIB ecosystem.
This warning points to the risks of interacting with apparently official websites that are no longer connected to the project. Particularly after the decommissioning of older domain names, users are encouraged not to use these addresses for accessing official Shiba Inu services.
Verification urged before connecting walletsMazrael also noted that if Shib The Metaverse is relaunched, access is expected to be provided through Shib.io, rather than via an independent domain. This approach aims to centralize all official connections under a single, verified platform within the SHIB ecosystem.
When Shib The Metaverse becomes available again, access is expected to be through Shib.io, not any separate domain name.
His message to the community stressed the importance of double-checking links before connecting wallets, confirming transactions, or entering sensitive information. The risk remains particularly high that unofficial sites may emerge after old domains are decommissioned, targeting unsuspecting users.
Originating as a meme coin, Shiba Inu has grown over time into a larger crypto ecosystem, bringing together components like ShibaSwap, Shibarium, and metaverse initiatives. The latest warning is intended to clarify the project’s official access channels and reinforce user security.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
XRP ETF v USA přilákaly 6,55 milionu USD čistých přílivů, a to už osmý týden v řadě. Bitwise pokryl celý denní příliv a aktiva ve správě dosáhla 987,91 milionu USD.
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TL;DR
XRP ETFs took in $6.55M in net inflows on July 2, all from Bitwise. That marks an eighth consecutive positive week, pushing assets under management to $987.91M across seven funds — about 1.5% of XRP's market cap. The coin is trading at $1.09 against $1.10 resistance heading into a low-liquidity holiday weekend.Blockstream CEO Adam Back called the BIP-110 transaction-filtering proposal effectively dead, with mining-pool support at just 0.31% of hashrate.Shiba Inu coin slipped to 32nd place with a $2.55B market cap, overtaken by NEAR Protocol and Tether Gold. Exchange reserves are climbing back toward 87 trillion tokens after whales returned 493B coins in early July, following a 781B withdrawal in June. About $50M separates SHIB from re-entering the top 30.Bitcoin is holding its $59,000–$62,000 accumulation zone after whales added 270,000 BTC and spot ETFs flipped back to $221.7M in net inflows, but the prolonged Independence Day weekend leaves the market exposed to thinner order books, miner selling pressure, and exaggerated moves if BTC fails to hold above $61,000.American XRP ETFs closed their eighth positive week before the weekendFresh capital entered American spot XRP ETFs right before trading closed for the U.S. Independence Day holiday. The final pre-holiday session brought the funds a net inflow of $6.55 million, closing an eighth consecutive week of institutional buying firmly in positive territory, as per SoSoValue.
Bitwise's fund accounted for the entire day's haul, taking all of the week-ending volume while competitors such as Canary and Grayscale stood at zero. Total assets under management across the seven approved XRP funds have now moved close to the $1 billion mark, reaching $987.91 million. For a young sector, that is a meaningful 1.5% of the asset's total market capitalization.
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Total XRP Spot ETF Net Inflow Over the Last 30 Days, Source: SoSoValueTraders calmly absorbed even the freezing of the CLARITY Act crypto bill, whose vote on Capitol Hill was postponed until the end of the summer because of the recess. Accumulation was also not disrupted by the scheduled release of 1 billion tokens from escrow contracts on July 1. The network absorbed the entire volume without a drawdown, against the backdrop of a three-month record in new wallet creation on the XRPL blockchain.
The coin is now trading at $1.09, pressing against key resistance at $1.10. Thin trading over the holiday weekend could easily tip the balance: if buyers lock in a breakout, the asset will have an open road toward the psychological $1.15 mark, justifying July's historically strong status for XRP.
Adam Back declares collapse of Bitcoin's censoring BIP-110 soft forkBlockstream CEO Adam Back entered the ongoing debate around the BIP-110 proposal, calling the attempt to introduce transaction filtering into Bitcoin commercially stillborn. The well-known cypherpunk reacted harshly to the current disputes in the ecosystem, stating that the initiative had failed because of a lack of interest from investors and traders.
At the center of the conflict is a proposal to limit the network's capacity for non-monetary data such as Ordinals and Runes. According to Back, the desire to artificially clean blocks in the name of imaginary security directly contradicts Bitcoin's p2p nature.
i'm a cypherpunk, and have been running nodes since 1990s. exit remailers, tor, file sharing, bitcoin nodes. p2p networks don't exist unless people with mettle run nodes. filter bippers are weak leeches, scared to p2p, demanding to censor to make nodes "safe" for the weak to run.
— Adam Back (@adam3us) July 3, 2026 He stressed that this filtering fork is already dead on arrival, as the market has completely rejected it and exchanges currently have no long positions in fork futures. Back's words are also confirmed by current on-chain metrics: support for BIP-110 from mining pools has stalled at 0.31% of the total hashrate, making soft-fork activation through the UASF mechanism unrealistic.
Back compared the proposal's authors to people who unsuccessfully tried to burn down a rented house, only to end up outside and now "living in a tent" of their own filtering coin. At the same time, BIP-110 supporters continue to strengthen the defenses around their "granite castle."
The industry veteran concluded that the network's antifragility had once again rejected poorly thought-out ideas, and urged censorship supporters either to adapt or finally split off into their own altcoin.
87 trillion trap: Why Shiba Inu fell out of the top 30Shiba Inu (SHIB) has fallen out of the world's top 30 cryptocurrencies, settling at 32nd place with a market capitalization of $2.55 billion. The meme token failed to withstand direct pressure from NEAR Protocol at $2.6 billion and the tokenized gold asset Tether Gold (XAUt) pushing from behind.
While retail traders remain passive, keeping SHIB's daily trading volume at a modest $70.2 million, major players have started a tough positional battle as exchange reserves return to the critical level of 87 trillion coins, as per CryptoQuant.
This trillion-coin barrier has become a liquidity trap for the token. In late June, whales temporarily eased the pressure by moving 781 billion SHIB to cold wallets, but by early July they had replayed the scenario and returned a fresh batch of 493 billion tokens to exchanges.
Netflow of Shiba Inu (SHIB) coin on centralized exchanges month-to-month, Source: CryptoQuantThe rise in supply to 87 trillion is weighing on price action: investors see it as a sign that large wallets are ready to lock in profit on any local rebound, which firmly blocks growth in market capitalization.
Still, it is too early to write SHIB off. The gap from the coveted top 30 is a symbolic $50 million. Against the backdrop of Japanese competition between Mercari and Rakuten Wallet and expectations for a U.S. ETF from T. Rowe Price, the current drop looks more like a prolonged consolidation.
Whether the token returns to the top league depends on only one thing: whether July demand can absorb those trillions of coins hanging in exchange order books.
Crypto market outlook: Bitcoin accumulation and stablecoin pressure define July openingThe crypto market enters the prolonged Independence Day weekend with Bitcoin recovering above $61,000 after ETF outflows stopped, whales rebuilt exposure near $59,000–$62,000, and stablecoin competition intensified against Circle’s USDC dominance.
Bitcoin price action in Summer 2026, Source: TradingViewKey checkpoints:
Bitcoin accumulation phase confirmed: Whales added 270,000 BTC around $59,000 over two weeks, equal to roughly $16.7 billion in fresh accumulation. Long-term holders also shifted from distribution back to accumulation. The $59,000–$62,000 range is now the main investor positioning zone. Whale behavior and sentiment capitulation show larger holders are treating this area as a buy zone.ETF pressure eased before the holiday weekend: Bitcoin cleared $61,000 after a 10-day spot ETF outflow streak ended. U.S. spot Bitcoin ETFs recorded $221.7 million in net inflows on July 3 after the jobs report reduced fears of a fresh rate-hike shock.July 4 liquidity risk: U.S. markets are entering a prolonged Independence Day weekend. That leaves crypto exposed to thinner liquidity, weaker institutional participation and exaggerated weekend moves.Stablecoin competition is escalating: OUSD launch pressure hit Circle, USDG scaled to $100 million on Robinhood Chain, and non-USD stablecoins reached $1.1 billion in supply, with transfer volume up 16x since 2023.Open USD targets USDC dominance: A new Open USD consortium backed by more than 140 firms, including Visa, Mastercard, BlackRock, Coinbase and Stripe, went live with free minting/redemption and shared reserve yield for partners. Circle stock dropped 14–17% as investors priced in direct competition.What matters next week: BTC needs to hold the $59,000–$62,000 accumulation base and keep ETF flows positive. The upside trigger is continued ETF demand plus progress on U.S. crypto market-structure legislation; the downside risk is renewed miner selling, failed ETF follow-through or thin-liquidity weekend pressure. You Might Also Like
Objem na DEXu na Shibarium spadl na nulu a na síti nebyly od 23. června zaznamenány žádné obchody. Aktivita v DeFi i počet denních transakcí dál slábnou.
Trading activity across the decentralized finance (DeFi) ecosystem on Shiba Inu’s L2 blockchain, Shibarium, has disappeared, as DEX volume currently sits at zero.
At press time, Shibarium DEX volume stood at zero, according to data from DeFiLlama, reflecting extremely weak on-chain participation.
Zero Trades Since June 23 Decentralized exchanges operating on Shibarium, including WoofSwap and ShibaSwap, have recorded no trading activity since June 23. The last recorded DEX transaction on the network occurred on June 22, when traders exchanged just $60 worth of assets.
Furthermore, throughout most of June, daily trading volumes on these platforms remained below $100, underscoring the lack of activity across the ecosystem. The slowdown highlights Shibarium’s struggle to attract meaningful DeFi adoption since its launch.
Shibarium DEX Volumes Dwindling DEX Activity After the mainnet went live in August 2023, the network initially showed encouraging signs of growth. DEX volume reached $6,800 in October 2024 before climbing to $54,000 in December 2024.
However, activity weakened in the following months. Although the development team attempted to revive optimism by promising faster ecosystem growth and higher DEX participation, trading activity continued to decline.
Shibarium briefly recovered in September 2025, when DEX volume rose to $47,000, before reaching a cycle peak of $86,000 in December 2025. Since then, trading activity has entered a prolonged decline, with many days registering no transactions at all across Shibarium-based DEXes.
Since October 2024, Shibarium’s decentralized exchanges have processed a cumulative $2.66 million in trading volume. That figure remains lower than the amount of DEX volume established networks such as Ethereum and Solana regularly process in a single day.
One major reason behind the weak on-chain metrics is that most trading involving Shiba Inu ecosystem tokens still occurs on centralized exchanges rather than on Shibarium’s native applications.
At press time, SHIB generated $56.4 million in 24-hour trading volume, with most transactions taking place on centralized platforms such as Binance and Coinbase.
Total Value Locked Remains Modest Despite weak trading activity, Shibarium’s total value locked (TVL) currently stands at $21,495, representing a 1.89% increase over the past 24 hours. While the increase suggests some capital remains within the ecosystem, the figure remains modest compared to competing DeFi networks.
Meanwhile, overall network usage continues to weaken. Shibarium currently processes only 889 daily transactions, with smart contract interactions accounting for most of that activity. The trend suggests that user engagement across the network remains limited and that DeFi adoption on Shibarium has yet to gain meaningful traction.
Shibarium Daily Transaction DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Investoři stáhli z burz více než 300 miliard SHIB a exchange rezervy klesly na 80,37 bilionu. Netflow zůstal záporný na -355,54 miliardy SHIB, což ukazuje na další akumulaci.
Despite Shiba Inu’s recent price weakness, investors have resumed accumulating the token, withdrawing more than 300 billion SHIB from exchanges over the past 24 hours.
Notably, Shiba Inu’s exchange reserve have retreated from recent highs, signaling renewed accumulation activity. The metric, which tracks the amount of SHIB held in exchange wallets, fell from approximately 80.5 trillion tokens to 80.37 trillion in less than 48 hours.
Recent Exchange Inflows Interrupted a Multi-Week Trend Before this week’s developments, Shiba Inu’s exchange reserves had been declining steadily for several weeks and had even fallen below the 80 trillion SHIB mark.
However, the trend briefly reversed earlier this week when investors transferred large amounts of SHIB to exchanges, according to data from CryptoQuant. Approximately 749 billion SHIB flowed into trading platforms, pushing exchange reserves to 80.53 trillion on June 23 and further to 80.55 trillion the following day.
Investors Return to Accumulation Contrary to expectations, exchange reserves failed to rise further as SHIB’s price plunged. Instead, they resumed their decline, dropping to 80.37 trillion tokens by press time.
The reversal suggests that many investors have returned to accumulation despite the broader market downturn. In particular, some holders appear to view current price levels as an opportunity to increase exposure rather than reduce positions.
SHIBA INU Exchange Reserve All Exchanges Negative Netflows Strengthen the Bullish Accumulation Case Exchange netflow data further reinforces the accumulation narrative. The metric, which measures the difference between exchange inflows and outflows, has turned negative and currently stands at -355.54 billion SHIB, representing a 2.12% decline in exchange balances over the past 24 hours.
Although inflows surged to 442.21 billion SHIB during the period, outflows significantly exceeded that figure and reached 797.76 billion tokens. As a result, exchanges recorded a net outflow of more than 355 billion SHIB, highlighting continued investor accumulation despite the recent correction.
Shiba Inu Flows to Exchanges Liquidation Wipes Out Over $200K Shiba Inu Leveraged Bets The latest accumulation trend emerged as Shiba Inu experienced another sharp decline that briefly pushed the token to around $0.0000040 earlier today. SHIB later recovered part of its losses and rebounded to approximately $0.0000042.
Nonetheless, the sell-off inflicted heavy losses on leveraged traders. According to liquidation data from CoinGlass, SHIB derivatives traders lost approximately $210,820 over the past 24 hours.
Long traders absorbed the overwhelming majority of the losses, with liquidations approaching $194,000. Meanwhile, short traders recorded comparatively smaller losses totaling about $16,870.
Shiba Inu liquidation DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Rakuten Wallet začne vyrábět fyzické SHIB mince a zdarma je bude rozdávat na offline akcích, aby oslovil 44 milionů uživatelů svého ekosystému. SHIB už také integroval do platebního systému Rakuten Pay.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Japanese crypto exchange Rakuten Wallet will launch the production of tangible Shiba Inu (SHIB) souvenir coins, and metal replicas of the meme coin will join the company's branded "Real Coin" lineup, which already includes physical versions of Bitcoin, Ethereum and Ripple.
The company plans to distribute this merchandise for free at offline events and exhibition booths, using hands-on interaction as the main marketing tool to attract 44 million users of its ecosystem.
The release of physical souvenirs continues the marketing campaign in which the brand is using popular meme tokens. Earlier, Rakuten Wallet launched the interactive "Photo Contest 2026" on X, giving away digital SHIB and DOGE for dog photos. Now the company is partially moving this activity offline — the metal coins are expected to make cryptocurrency easier to understand for a more conservative retail audience in Japan.
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Rakuten Wallet announcing launch of physical Shiba Inu (SHIB), Source: XTo retain these users, Rakuten has also integrated SHIB into its Rakuten Pay payment system, making the digital asset available for payments at 5 million partner merchant locations.
How a 2025 regulatory green light triggered the Shiba Inu coin retail boom in JapanThese steps intensify Rakuten's competition with another Japanese retail giant — the marketplace Mercari and its crypto division Mercoin. Mercari has already integrated SHIB trading into its C2C app, allowing 23 million customers to buy the token from as little as 1 yen, using loyalty points or proceeds from selling second-hand goods.
According to Mercoin's financial reporting, this approach helped it attract 4 million users, or about 30% of all crypto accounts in Japan, and for 85% of them, this was their first experience with digital assets.
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This kind of activity by major retailers is noticeably changing the landscape of the local crypto market, which for a long time remained almost entirely controlled by specialized exchanges. The mass use of SHIB in commercial campaigns became possible after the local regulator, the JVCEA, added the token to the official "Green List" of approved assets in November 2025.
Now major corporations are definitively rebuilding the industry around themselves, turning cheap meme tokens into familiar digital merchandise and a loyalty tool.
Kalshi přidala perpetual futures pro Zcash, NEAR Protocol, Dogecoin a Shiba Inu, čímž rozšířila nabídku kryptoměn na 13 aktiv. Produkty jsou nabízené v regulovaném rámci CFTC, bez expirace.
Kalshi has added perpetual futures contracts for Zcash ($ZEC), NEAR Protocol ($NEAR), Dogecoin ($DOGE), and Shiba Inu ($SHIB) to its platform, the latest step in a rapid expansion of the prediction market operator's regulated derivatives business.
Four New Contracts, 13 Crypto Assets Total The additions bring the total number of supported crypto assets to 13, alongside Bitcoin and other altcoins. Zcash perpetuals are offered with up to 2x leverage, while NEAR contracts allow leverage of up to 2.6x. Shiba Inu's perpetual contract, listed under the ticker KSHIB, also carries a maximum leverage ratio of 2x.
The contracts trade under Kalshi's American Perpetuals label, a product line that never expires and instead settles through periodic funding payments between traders. The contracts are available through a structure approved by the U.S. Commodity Futures Trading Commission and do not carry expiration dates.
Kalshi opened its perpetuals push in late May with Bitcoin, the first such contract ever cleared for trading on a U.S. venue. Ethereum, XRP, Solana, and Hyperliquid followed through June under the same regulated framework. Kalshi is the first company in U.S. history to offer regulated perpetual futures to American traders.
Some Contracts Still Awaiting CFTC Sign-Off Kalshi has already secured approval for most of its filed products, though contracts linked to Stellar, Polkadot, and Hedera remain under review by the CFTC. Because such products may vary significantly depending on the assets they reference, the Commission took the view that a voluntary, case-by-case review process under Regulation 40.3 is the appropriate route for listing perpetual contracts, rather than self-certification.
The approvals came despite CME Group's lawsuit against the U.S. CFTC and its chairman, alleging that these contracts are swaps. The SEC and CFTC are also requesting public comments to clarify and harmonize definitions of derivatives products, especially swaps.
Last year, crypto exchanges processed $86 trillion in perpetual futures volume, according to data from CoinGecko. The bulk of that activity has historically taken place on offshore platforms, making Kalshi's regulated onshore offering a notable structural shift for U.S. traders.
Sources:
crypto.news: Kalshi launches Zcash and SHIB perps as lawsuit heats up
CFTC: Order for Approval of Kalshi BTCPERP Contract
CoinDesk: U.S. CFTC opens crypto perp door with approval of first regulated firm
OKX oznámila stažení LEASH z obchodování, jednoho z klíčových tokenů ekosystému Shiba Inu. Jako důvod uvedla snahu udržet silné spotové obchodní prostředí a odstranit aktiva nesplňující kritéria.
OKX, world’s second-largest crypto exchange, has announced delisting of LEASH, one of key tokens in Shiba Inu ecosystem, signaling doubts over its future
Cover image via www.freepik.com
It has just been announced that the world's second largest cryptocurrency exchange, OKX, will delist LEASH, a token from the Shiba Inu ecosystem. Along with SHIB and BONE, this token is one of the essential elements of the space around the popular meme-inspired cryptocurrency.
For those who may not know, LEASH was launched in 2021 by anonymous Shiba Inu creator Ryoshi. From the beginning, it was stated that the token would be used to buy land in the metaverse project built around the meme coin. In addition, LEASH was used in the presale of the Shiba Inu-centric NFT collection of Shiboshis.
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However, all of these factors were unimportant for the OKX team, who decided to remove the Shiba Inu token from their platform.
Along with five other cryptocurrencies whose names will be remembered by those who entered the market years ago, LEASH was ordered to exit. The rationale behind the delisting is to maintain a robust spot trading environment and get rid of assets that do not meet listing criteria.
No need for LEASH?According to CoinMarketCap, the exchange was the largest market for LEASH in terms of liquidity, accounting for 24.78% of the token's total turnover.
LEASH to USD by CoinMarketCapHowever, in monetary terms, it was only around $576,000 - an awfully small amount for the cryptocurrency market and especially for a listing on the second largest platform that held it.
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It seems logical that with the metaverse and the NFT sector of the crypto market, the assets associated with it and its a corresponding utility will be forgotten and delisted. Shiba Inu did not make much progress with its metaverse project, focusing more on Shibarium. Thus, it is not surprising what reputation LEASH has, as its prospects are, to put it mildly, very unclear.
Hlavní vývojář Shiba Inu Kaal Dhairya uvedl, že u LEASH stále existovala možnost rebase a že 11. srpna 2025 se nabídka zvýšila asi o 10 % po vytvoření 10 765 nových tokenů. Navrhuje hlasování DAO o novém kontraktu LEASH v2 bez rebase a skrytých úprav nabídky.
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Kaal Dhairya, Shiba Inu’s (SHIB) top developer, has provided clarity on the surprise and controversial change in LEASH’s token supply. In an update shared on X, Dhairya explained how LEASH’s total supply increased by approximately 10%.
Concerns around LEASH's rebase pathwayNotably, LEASH supply increased after an additional 10,765 new tokens were created on the platform on Aug. 11, 2025. This marked a significant development given that, for many years, community members believed in a fixed supply.
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The project had also claimed that it disabled rebasing. For clarity, rebasing means automatically adjusting the token supply via code. Rebasing could either be positive or negative, depending on the increase or decrease of every holder’s balance.
Dhairya highlighted that on Aug. 11, the team observed that a "rebase pathway" still existed in the smart contracts. This was linked to preauthorized contracts that allowed for changes without owner intervention.
According to him, this is a trust breach, as members of the community believed the token supply was unchangeable. Dhairya maintains that this undermines the system and could impact the price as it dilutes value for existing holders.
The Shiba Inu developer also noted that while the system appears decentralized, the current development suggests that control remains centralized.
DAO Proposal for LEASH v2 Contract Gains SupportDhairya proposed that the LEASH decentralized autonomous organization (DAO) will need to act.
To do this, voting will be carried out to decide to negotiate with the original developer or create a completely new token contract. This new contract, LEASH v2, will be audited to ensure there are no rebases or backdoor supply changes.
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The message has sparked a reaction among community members, with some proposing that the DAO be implemented as soon as possible. Others wondered if the same breach could happen with other coins in the SHIB ecosystem.
A user wondered if, with the LEASH v2 contract, the supply could be reversed. The coming days might provide more clarity to the SHIB community. Beyond the current events, Lucie, the marketing lead, has promised exciting times ahead.
Shiba Inu marketing specialist, Lucie, addresses the FUD surrounding the delisting of Bone ShibaSwap (BONE) from two centralized exchanges.
The Shiba Inu community received disappointing news earlier this week after OKX and ONUS announced plans to delist BONE. While OKX suspended BONE deposits on June 30, ONUS halted BONE purchases and swaps on July 1.
As expected, the delisting of BONE from two centralized exchanges sparked concerns among holders, who saw the value of their BONE holdings plummet massively.
Allegations of Manipulative Delisting Notably, Shiba Inu’s marketing lead took to X to address growing concerns about BONE’s delisting. She described the centralized exchanges as “manipulative.”
According to her, the delisting has nothing to do with BONE’s performance. She asserted that BONE isn’t even among the tokens with the lowest trading volumes on either platform. Lucie emphasized that she would not “chase” exchanges to support Shiba Inu ecosystem tokens.
Lucie Slams Centralized Exchanges She also expressed her belief in decentralized finance (DeFi), noting that the Shiba Inu team has been focused on building within the DeFi space, one that doesn’t require invasive identity checks, including KYC or even, as she sarcastically remarked, “blood samples.”.
Despite the delisting, Lucie emphasized that the team is not backing down and will focus on building out the ecosystem. She further took a swipe at centralized exchanges, claiming they usually list tokens that offer ‘big money.”
According to her, this practice enables them to continue promoting low-effort projects that often disappear within a short time.
Lucie also pointed to the failures of once-prominent centralized exchanges like WazirX, FTX, and Hotbit. Although they appeared solid at first, they were eventually exposed or exploited, serving as cautionary examples against overreliance on centralized platforms.
A Familiar Pattern Furthermore, Lucie noted that other major assets, including SHIB and XRP, have faced similar challenges. In particular, she recalled how several U.S.-based exchanges delisted XRP after the SEC filed a lawsuit against Ripple.
However, these exchanges have since relisted XRP after a federal court ruled that its secondary market sales do not violate federal securities laws.
Currently, BONE is down 18.95% over the past seven days, following its delisting from ONUS and OKX. However, it has recovered some of its losses in the past day, with its price soaring 9.5% to $0.1941.
Meanwhile, BONE remains available for trading on other centralized exchanges, such as Gate.io and HTX, which have seen over $2 million in volume in the past 24 hours.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Shibarium has announced the reactivation of the Plasma Bridge for the BONE token, with the move coming a few weeks after a network exploit that saw attackers siphon more than $4.1 million via a flash loan attack.
Summary
Shiba Inu reactivated the BONE Plasma Bridge following a recent freeze. The exploit that saw $4.1 million in assets stolen happened after an attacker gained 4.6 million BONE. Prices of SHIB, BONE and KNINE fell amid the exploit in September. The Shiba Inu team has announced the reopening of the Plasma Bridge for BONE on the Shibarium Bridge. According to a blog post, the update includes blacklisting functionality designed to bolster ecosystem security.
“We’re pleased to share that the Plasma Bridge is back online for BONE, following a comprehensive review and a series of security enhancements. Users can once again bridge BONE between Ethereum and Shibarium with a safer, stronger, and more resilient experience,” the Shib team wrote.
What’s new for the Shibarium bridge? According to the announcement, the reactivated platform taps into a “proactive blacklisting system that lets us flag and block suspicious addresses at the bridge layer.”
The blacklisting functionality will help prevent potential future attacks and will address risks of abuse across the ecosystem.
Shibarium has also added a 7-day withdrawal delay for all BONE Plasma withdrawals. The finalization delay offers a buffer to operators and security teams, with the delay giving them time to monitor and respond to suspicious activity. The move adds a layer of defense without impacting user access.
“Plasma’s strength is fraud‑resistance. The delay reinforces that property and provides a practical response window if anomalies are detected,” the platform noted.
Shibarium hack The Shiba Inu (SHIB) community saw an attacker access 4.6 million BONE tokens after a major hack of the Shibaswap that targeted the Shibarium Bridge. The attack happened in September 2025, resulting in the substantial loot of $4.1 million.
Stolen assets included $1 million in Ether, $1.3 million in Shiba Inu’s SHIB, and more than $717,000 in KNINE.
The Shib team’s quick response helped stem further losses. After an initial freeze, the developers successfully reactivated the bridge, with reinforced security at the center of the fresh launch.
The world’s largest crypto exchange Binance on Wednesday said it will delist additional spot trading pairs citing multiple factors. After recently naming some key spot and margin crypto pairs in the delisting and ceasing strategy, the crypto exchange has now announced a plan to delist Internet Computer and Maverick Protocol.
Notably, CME and CF Benchmarks recently announced the launch of new reference rates and real-time indices for Internet Computer (ICP) and Ripple’s XRP.
Binance to Delist ICP and MAV Spot Pairs Internet Computer (ICP) and Maverick Protocol spot trading pairs against BNB and TUSD will be delisted by Binance, according to an announcement. The crypto exchange will remove and cease trading of ICP/BNB and MAV/TUSD spot trading pairs on July 19 at 03:00 UTC.
Moreover, Binance will also terminate spot trading bots services for the aforementioned spot trading pairs. The exchange strongly recommends users to update or cancel their spot trading bots before the cessation of services to avoid potential losses.
“To protect users and maintain a high-quality trading market, Binance conducts periodic reviews of all listed spot trading pairs, and may delist selected spot trading pairs due to multiple factors, such as poor liquidity and trading volume, said Binance.
As CoinGape reported, Binance delisting BTC/TUSD and TUSD/USDT spot trading pairs next week as the exchange gradually withdrew support for TUSD stablecoin amid multiple concerns. However, the crypto exchange has rolled out initiatives to boost crypto market liquidity and trading experience for its users.
The exchange has also announced an event for Shiba Inu and Dogecoin, offering crypto participants massive rewards. The Battle of The Meme Dogs ends July 29.
Battle of the meme: Doge vs Shiba Inu
Join the Memecoin Duel to share $100,000 in token vouchers!
Find out more ⤵️https://t.co/AKjz84IMjh pic.twitter.com/JgDxykRhLd
— Binance (@binance) July 16, 2024
Also Read: Crypto Market Reacts To Trump’s Plan Of Making JPMorgan CEO Treasury Secretary
ICP and MAV Price Action ICP price pared some gains after the announcement, with the price currently trading at $10.12. Internet Computer (ICP) jumped 8% over the last day, with the 24-hour low and high of $9.34 and $10.29, respectively. Furthermore, the trading volume has decreased slightly as traders look to book profits.
ICP futures open interest jumped 4% in the past 24 hours, as per Coinglass. Massive buying activity was seen on CoinEx and Bybit, with 70% and 7% increase in the last 24 hours.
Source: Coinglass Meanwhile, MAV price soared 8% in the past 24 hours, with the price currently trading at $0.2304. The trading volume has increased by just 3% in the past 24 hours.
Also Read: Binance Responds to Bloomberg’s Apology For False Accusations On Exchange & CZ
Coinbase Derivatives podala u CFTC žádost o spuštění futures na Avalanche, Chainlink, Polkadot, Stellar a Shiba Inu. Obchodování má začít po 15. červenci.
The derivatives arm of crypto exchange Coinbase has just submitted to the Commodity Futures Trading Commission (CFTC) documents to self-certify the listing of new futures products tied to five popular crypto assets.
According to the filings, Coinbase Derivatives is launching futures contracts for Avalanche (AVA), Chainlink (LNK), Polkadot (DOT), Stellar (XLM), and Shiba Inu (SHB), which will all be offered for trading on or after July 15th.
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The documents say that Coinbase has spoken with futures commission merchants (FCMs) and market participants who support the decision to launch the contracts.
“The Exchange is not aware of any substantive opposing views to the Contract. The Exchange certifies that the Contract and related rules certified herein comply with the Commodity Exchange Act and the rules and regulations promulgated thereunder.”
In a statement, Coinbase Derivatives says it will be the first futures exchange in the US to introduce CFTC-regulated margined futures contracts for AVA, LINK, DOT, XLM and SHB.
“With the addition of AVA, LNK, DOT, XLM, and SHB, our participants and their clients gain more access points to manage risk, speculate on price movements, and participate in the crypto economy with reduced upfront capital requirements.”
Coinbase Derivatives also recently launched commodities futures contracts for oil and gold after noticing increased demand for retail-focused products on accessible and regulated exchanges. The new futures contracts are sized at 10 barrels of oil and one troy ounce of gold.
