Tag: Shiba Inu

  • DOGE Price Analysis: Dogecoin Steadies Near Key Support as Derivatives Turn Optimistic

    DOGE Price Analysis: Dogecoin Steadies Near Key Support as Derivatives Turn Optimistic

    DOGE Price Stabilizes After Weekly Decline

    Dogecoin (DOGE) held near the $0.070 support level on Tuesday after posting a 3.5% decline last week. While the broader technical structure remains bearish, improving derivatives data and bullish momentum divergences suggest selling pressure may be easing.

    DOGE continued to trade below its 50-day, 100-day, and 200-day exponential moving averages (EMAs), which sit at $0.075, $0.083, and $0.100, respectively. The price action has left traders watching for a decisive break above or below the current range.

    Gokhshtein Defends Established Meme Coins

    Cryptocurrency commentator David Gokhshtein pushed back on Monday against traders hunting for the next Dogecoin or Shiba Inu while ignoring the market’s leading meme assets. In a post on X, Gokhshtein said some traders were “disrespecting” DOGE, SHIB, and PEPE in their search for another token with similar upside potential.

    According to Gokhshtein, the meme coin sector will only rally when its largest names gain traction. He also noted that some market participants may want DOGE and SHIB to fail without understanding the potential ripple effects on other projects.

    Meme Coin Market Faces Persistent Selling Pressure

    SHIB and PEPE have outperformed the broader cryptocurrency market recently. Over the past month, the total crypto market capitalization fell 4.61%, while Dogecoin has not matched the relative strength seen in other major meme coins. The MarketVector Meme Coin Index is down nearly 40% year to date and slipped 2.64% in the past month.

    The index carries heavy exposure to DOGE and SHIB and is calculated as a dollar-based index rather than a tradable stock or exchange-traded fund. Data from CryptoQuant also shows $1.21 billion in cumulative net meme coin selling pressure on Binance since Bitcoin reached its latest all-time high last October.

    Derivatives Data Points to Possible Stabilization

    CoinGlass data shows Dogecoin’s long-to-short ratio at 1.25 on Tuesday, its highest reading in over a month. A ratio above 1.0 means long positions outnumber short positions, indicating that more traders are positioning for a price increase.

    Dogecoin’s funding rate also turned positive on July 24 and reached 0.0074% on Tuesday. Positive funding implies long traders are paying short traders, which is often viewed as a sign of bullish sentiment.

    Technical Indicators Show Bullish Divergence

    The daily Relative Strength Index (RSI) formed a higher low while DOGE posted a lower price low on August 1. This bullish divergence points to weaker downside momentum. The Awesome Oscillator displayed a similar pattern, with recent lows rising even as Dogecoin’s price stayed near support.

    Key Levels to Watch

    Immediate support sits at $0.070, followed by the yearly low at $0.067. A daily close below those levels could expose $0.065. On the upside, initial resistance is at $0.075, followed by $0.080 and $0.083. Higher barriers remain at $0.088, $0.100, and $0.102.

  • BlockDAG Surges as Ethereum and Shiba Inu Stumble: Top Crypto Pick for July 2026

    BlockDAG Surges as Ethereum and Shiba Inu Stumble: Top Crypto Pick for July 2026

    The crypto market is sending mixed signals right now, leaving traders uncertain about which direction to take. Ethereum price remains stuck below a heavy resistance zone, struggling to hold ground even after a solid bounce from June lows. Meanwhile, Shiba Inu price continues to slide as exchange reserves shrink and momentum fades. Both major coins are giving buyers reason to pause before committing fresh capital.

    That’s exactly why many are searching for the best crypto to buy today — something with real momentum instead of stalled charts. BlockDAG (BDAG) is stepping into that gap, with claiming and staking now live, a 7,000 TPS mainnet already running, and a limited-time entry price that has the community moving fast.

    Ethereum Price Faces a Tough Wall Near $2,000

    Ethereum is trading close to $1,880 after bouncing back from June lows around $1,796. It touched a recent high near $1,955 before sellers pushed it down again. The main problem now is the heavy supply zone between $1,980 and $2,080. Many holders bought ETH in this range, so they may sell at breakeven, adding extra pressure on any recovery attempt.

    If buyers can push through and close daily above $2,080, the next targets sit near $2,406 (a CME gap) and $2,773. But if Ethereum price gets rejected again, support at $1,733 comes into play, with $1,510–$1,600 as the deeper safety net. For anyone hunting the best crypto to buy today, ETH still needs a clear breakout before it can prove itself.

    Shiba Inu Price Slips as Exchange Reserves Near $400M

    Shiba Inu is trading around $0.0000048, sitting close to its 20-day and 50-day EMAs. The bigger story is that SHIB’s exchange reserves in dollar value are about to fall below the $400 million mark. Reserves are already near $414 million, and another small drop could break that level.

    This isn’t because whales are pulling coins off exchanges. It’s mostly because each SHIB token is worth less than before. The 100-day EMA at $0.0000050 is the first resistance, while the 200-day EMA near $0.0000060 is the bigger wall. The recent bounce in Shiba Inu price looks more like short-term relief than a real trend change, making it a wait-and-watch pick for buyers scanning for the best crypto to buy today.

    BlockDAG (BDAG): Claiming, Staking, and 7,000 TPS Are All Live

    BlockDAG is quickly turning into the best crypto to buy today, and the timing could not be sharper. Claiming and staking are now live. The wait is finally over, and the next phase of BlockDAG starts today. Holders can claim their BDAG, stake their holdings, and start earning rewards right away. Claims are already open for Batches 1 to 6, while Batch 7 (covering purchases made up to 19 July) goes live tomorrow morning. Everything is moving forward at once, and the community can feel it.

    To mark this launch, the team has unlocked a limited-time community offer that has buyers scrambling. BDAG is available at just $0.00000015, an entry point that feels almost unreal at this stage of the project. The Live Swap is running at 30% below the CoinMarketCap price, giving fresh buyers a chance to grab BDAG at a level well under open-market rates.

    On top of that, BlockDAG X pre-registration is now live. Anyone who registers early locks in a $1,000 credit at launch, ready to use the moment the exchange goes live. It is the kind of stacked opportunity that rarely lines up like this.

    BlockDAG’s 7,000 TPS mainnet is now live, giving it the raw speed that most Layer 1 chains can only talk about. The community is not just watching; almost 10 billion coins have already been staked, showing serious long-term conviction in where this network is going.

    The clock is ticking on this offer, and buyers are rushing in before the window shuts. Between the entry price and a mainnet already firing at 7,000 TPS, it is easy to see why BDAG stands out as the best crypto to buy today.

    Final Word

    The current market is testing patience on both sides. Ethereum price is stuck below tough resistance, and Shiba Inu price keeps sliding as momentum fades, leaving short-term buyers unsure and long-term holders waiting. Meanwhile, BlockDAG is moving in the opposite direction. Claiming and staking are live at just $0.00000015, and the community is stacking positions fast with more than 9.8 billion coins staked.

    On top of that, its 7,000 TPS mainnet is fully running, putting BDAG ahead of most Layer 1 chains in raw speed. The buzz is real, the window is tight, and buyers are rushing in, making BDAG the best crypto to buy today.

    Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrency investments are risky and may result in loss of capital. Always do your own research before investing.

  • 10 Low-Cost Cryptocurrencies Worth Watching in 2026

    10 Low-Cost Cryptocurrencies Worth Watching in 2026

    Looking for affordable cryptocurrencies with growth potential? Here are 10 low-cost crypto coins that investors are watching closely in 2026.

    Dogecoin (DOGE)

    The original meme coin continues to attract investors thanks to its massive community, regular updates, and growing merchant acceptance.

    Shiba Inu (SHIB)

    More than a meme coin, SHIB is expanding its ecosystem with DeFi, NFTs, and Layer-2 blockchain solutions.

    Stellar (XLM)

    Designed for fast, low-cost international payments, Stellar remains a favorite for cross-border financial transactions.

    VeChain (VET)

    VeChain uses blockchain to improve supply chain transparency and product authenticity across industries.

    Algorand (ALGO)

    Known for speed, security, and energy efficiency, Algorand powers enterprise-grade blockchain applications.

    Hedera (HBAR)

    HBAR’s unique Hashgraph technology offers high-speed transactions with strong enterprise adoption.

    Kaspa (KAS)

    Kaspa delivers rapid transaction confirmation using BlockDAG technology, making it a promising blockchain project.

    JasmyCoin (JASMY)

    Focused on data privacy and IoT, Jasmy gives users greater control over personal data in connected devices.

    Stay tuned for more updates on these and other promising cryptocurrencies. Join our WhatsApp Channel to get the latest news, exclusives, and videos on WhatsApp.

  • Shiba Inu Price Recovery Stalls as Volume Declines and Sellers Take Control

    Shiba Inu Price Recovery Stalls as Volume Declines and Sellers Take Control

    Shiba Inu’s (SHIB) recent price recovery has lost momentum after a 40% surge failed near the 100-day exponential moving average (EMA) at $0.00000503. Trading volume temporarily spiked twelvefold, but sellers quickly erased much of the advance. The pullback has also delayed a potential mini-golden cross between the 20-day and 50-day EMAs, weakening the short-term bullish outlook.

    Rally Meets Strong Resistance

    SHIB initially climbed through its short-term moving averages as daily volume reached one of its strongest levels this year. The rise briefly revived attention on the token, which had remained under sustained pressure. The volume expansion suggested that fresh market activity, not just short-covering, supported the move. However, buyers could not maintain control once SHIB approached the 100-day EMA. Sellers stepped in near $0.00000503 and pushed the token back below that barrier. The rejection stopped what could have become SHIB’s third-largest recovery rally of 2026.

    Mini-Golden Cross Loses Momentum

    The 20-day and 50-day EMAs had moved close to a bullish crossover before the reversal. Market participants often track that pattern as an early sign of stronger short-term momentum. Instead, the price decline widened the gap between both averages. That shift postponed technical confirmation of a lasting trend reversal and weakened the recent breakout structure.

    Can SHIB preserve its recovery structure while demand continues to fade? Immediate support sits near $0.00000448, where the shorter moving averages remain close together. Holding that area would preserve part of the breakout. A clear loss could return SHIB to the consolidation range that controlled most of July.

    Volume Falls as Exchange Outflows Rise

    Trading activity declined sharply after the initial twelvefold expansion. At the same time, SHIB surrendered a large share of its gains as buyers lost momentum. The relative strength index (RSI) also retreated from overbought territory toward neutral levels, matching the rapid decline in buying pressure after the brief surge.

    Bulls still need to reclaim $0.00000503 before challenging the 200-day EMA near $0.00000602. That longer moving average continues to define the broader bearish structure. Meanwhile, blockchain trackers reported large transfers from Coinbase-related addresses. The transfers did not appear on open order books, so observers linked them to wallet rebalancing or cold-storage management.

    Blockchain venues also recorded net withdrawals of 74 billion SHIB from centralized exchanges. Such movements can reduce near-term exchange supply when holders move tokens into self-custody. However, the available data cannot determine whether the withdrawals reflected accumulation or routine wallet reshuffling. The transfer activity has nonetheless returned SHIB to traders’ watchlists, who now watch whether exchange withdrawals translate into lasting demand.

  • Mixed Momentum for SHIB, SOL, XRP, and Hyperliquid: Crypto Market Technical Analysis

    Mixed Momentum for SHIB, SOL, XRP, and Hyperliquid: Crypto Market Technical Analysis

    The cryptocurrency market is experiencing mixed price action as traders remain cautious ahead of the next major move. Bitcoin has stayed within a narrow range, limiting strong breakout opportunities for many altcoins. However, a select few cryptocurrencies have demonstrated notable strength. Hyperliquid (HYPE), Solana (SOL), XRP, and Shiba Inu (SHIB) have all moved higher, but each asset presents a distinct technical picture. Market sentiment has improved, yet global economic concerns and cautious investor behavior continue to restrict broader buying pressure.

    Hyperliquid Shows Strong Strength

    Hyperliquid has performed reasonably well during the recent market recovery. On the hourly chart, HYPE is currently priced at approximately $63.11, steadily moving away from last week’s bottom. The price has formed a clear sequence of higher highs, indicating buyers’ dominance. It remains above the middle Bollinger Band at $62.17, with the lower band near $60.89 providing major support. The Relative Strength Index (RSI) is close to 68, reflecting high buying pressure but also approaching overbought territory. If buyers push above the $63.50–$64.00 area, further upside is expected. Conversely, a break below the middle Bollinger Band could lead to a drop toward $62. Recent ecosystem growth, including increased interest in decentralized derivatives and prediction markets, has supported long-term confidence, though short-term volatility remains high.

    Shiba Inu Tries to Build More Momentum

    Shiba Inu has started to recover after several weeks of quiet trading. The token now trades near $0.00000430 and has moved above several short-term moving averages, placing SHIB near an important resistance zone. The RSI has climbed above 70, indicating very strong buying activity but also suggesting the rally may slow. Trading volume has increased, supporting the latest price rise. First resistance is near $0.00000435, while support is around $0.00000424, with stronger support near $0.00000418. Despite the positive move, SHIB still faces multiple resistance levels above current price. Market sentiment remains mixed after hopes for inclusion in a U.S. crypto ETF did not materialize.

    Solana Keeps Buyers in Control

    Solana has steadily outperformed many other major cryptocurrencies. The coin is valued at just under $78.43 on one-hour charts, maintaining upward momentum. It stays above the middle Bollinger Band at $77.59, while the upper band approaching $78.82 serves as a crucial resistance line. Buyers have consistently stepped in on minor dips, demonstrating strong market position. The price is heading toward the next milestone of $80. If sellers take over, key support lines lie at $77.60 and $76.35. Strong developer activity and ecosystem growth continue to maintain positive sentiment around Solana.

    XRP Extends Its Recovery

    XRP has continued its recent recovery and now trades near $1.1355. The latest move has pushed the price above several moving averages, improving the technical outlook. Buying volume has increased, and the price has moved above the important $1.11 resistance level. Bollinger Bands have widened, indicating rising volatility. The next resistance stands near $1.14, with first support around $1.113 and additional support near $1.10. As long as XRP stays above these levels, the current trend remains positive. Market confidence is supported by growing interest in blockchain payment solutions and improved sentiment across the broader crypto market.

    Why This Matters

    As Bitcoin consolidates, selective altcoin momentum signals a shift in trader focus toward high-conviction assets. Technical strength in Hyperliquid, Solana, XRP, and Shiba Inu reflects growing risk appetite and highlights key support levels that could launch broader market rallies.

    Market Outlook

    The overall crypto market presents a mixed picture. Hyperliquid has one of the strongest technical setups after its recent recovery. Solana continues in a healthy uptrend and remains a strong large-cap coin. XRP has built fresh momentum after breaking above key resistance. Shiba Inu shows fresh strength but faces several resistance levels before a larger recovery. The next major move will likely depend on Bitcoin’s stability. If Bitcoin holds near current levels, capital may flow into strong altcoins like HYPE, SOL, and XRP. SHIB could also move higher, but its price remains sensitive to changes in sentiment and volume.

    FAQs

    1. Which cryptocurrency has the strongest technical setup? Hyperliquid and Solana currently show the strongest bullish price structures, backed by steady momentum, key moving average support, and growing ecosystem activity.
    2. Is XRP still in an uptrend? Yes. XRP remains above key support levels and moving averages, maintaining positive short-term momentum with expanding volume.
    3. Why is SHIB’s RSI above 70 important? An RSI above 70 indicates intense short-term buying pressure, confirming bullish momentum but also warning of overbought conditions.
    4. What is Solana’s next major resistance level? Solana’s immediate resistance is near $78.80, with the $80 psychological barrier as the next target.
    5. What could decide the next move for these altcoins? Bitcoin’s price stability is key. If Bitcoin holds its range, capital flow into strong altcoins, overall market sentiment, and trading volume will determine subsequent breakouts.

    Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency investments are risky. Always conduct your own research (DYOR) before making any investment decisions.

  • Shiba Inu Exchange Reserves Plunge by 1.4 Trillion SHIB: Implications for Price

    Shiba Inu Exchange Reserves Plunge by 1.4 Trillion SHIB: Implications for Price

    Shiba Inu’s exchange reserves have dropped by 1.4 trillion SHIB over the past ten days, reducing the supply available on centralized exchanges to approximately 86.48 trillion SHIB. This on-chain signal suggests investors are moving tokens to private wallets, decreasing immediate selling pressure.

    Why Exchange Reserves Matter

    Lower exchange reserves often indicate fewer coins ready for quick sale, which can reduce selling pressure and improve market balance. However, a price rally typically requires broader market support, including strong demand and favorable conditions.

    SHIB Price Remains Under Pressure

    As of the latest update, SHIB trades at $0.00000425, below key resistance levels and its 20-day and 50-day exponential moving averages. While the Relative Strength Index (RSI) has recovered from oversold territory, buying activity needs to strengthen for sustained upward momentum.

    Whale Accumulation Continues

    Large holders, or whales, are moving significant SHIB amounts away from exchanges, indicating long-term confidence. This reduces available supply and helps SHIB avoid deeper declines despite a weak overall crypto market.

    Historical Context

    Similar reserve declines earlier this year led to price stabilization and modest gains. While past performance doesn’t guarantee future results, falling exchange reserves often support price stability.

    Broader Market Influence

    SHIB’s price remains tied to Bitcoin and overall market sentiment. Favorable Bitcoin movements can boost altcoins, but SHIB needs both internal momentum and positive market conditions for a recovery.

    Ecosystem Development

    The Shiba Inu project continues expanding with updates to Shibarium, AI initiatives, and community growth, focusing on long-term value rather than short-term price action.

    Conclusion

    The 1.4 trillion SHIB reserve drop reduces selling pressure and, combined with whale accumulation and ecosystem developments, strengthens SHIB’s foundation. However, higher trading volume and buying interest are essential for a sustained price rally. For now, lower reserves signal investor preference to hold, improving the long-term outlook.

  • Shiba Inu Whales Withdraw 174.8 Billion SHIB as Price Holds Key Support

    Shiba Inu Whales Withdraw 174.8 Billion SHIB as Price Holds Key Support

    Shiba Inu whales have pulled a massive 174.8 billion SHIB tokens from exchanges over the past 24 hours, signaling accumulation despite the meme coin’s ongoing price decline. Data from CryptoQuant reveals a negative exchange net flow as SHIB successfully defended the $0.0000040 support level. At the current price of $0.00000417, the withdrawn tokens are valued at approximately $792,002.

    Such transfers typically move coins into self-custody or third-party wallets, reducing the supply available for immediate sale. The total SHIB balance on exchanges has slipped to 86.6 trillion tokens. If demand increases while exchange reserves continue to fall, supply conditions could tighten, potentially supporting price recovery.

    Derivatives activity also picked up, with open interest in SHIB futures rising 5.7% to $28.8 million (representing about 6.52 trillion SHIB). However, open interest remains about 80% below its January peak of $145.5 million, reflecting cautious trading amid broader market weakness.

    From a technical perspective, SHIB continues to trade above the $0.0000040 support zone after touching $0.00000408 on Monday. Buyers have defended this level repeatedly, and attention now turns to the descending resistance trendline that has capped gains since May 10. A breakout above that line would clear the next technical barrier.

    The number of SHIB wallets has surged to a record 1,676,535, with nearly 75,000 new holders added between July 5 and July 6. While some observers suggest the sudden spike could stem from a technical glitch, the overall trend underscores growing retail interest.

    Market participants will watch whether these on-chain trends—whale accumulation, declining exchange supply, rising open interest, and record wallet counts—translate into price momentum in the coming days.

  • BlockDAG’s AI Launch and 100% Bonus Drive Buyer Interest as Polkadot and Shiba Inu Struggle

    BlockDAG’s AI Launch and 100% Bonus Drive Buyer Interest as Polkadot and Shiba Inu Struggle

    Crypto markets are trading cautiously this week, with major coins holding steady. The Sui price remains locked between $0.50 and $0.70, waiting for a catalyst as its network tests AI-driven transactions. The Shiba Inu coin price sits near $0.00000429, pressured by a tightening triangle despite a burn spike topping 3,000%.

    BlockDAG is definitely becoming everyone’s favourite gradually. Its casino has already collected $15 million in deposits and nearly $150 million in wagers from 13,000 users in a single month, all built on DAG-based infrastructure. BDAG AI’s launch added an estimated $500 million to its valuation almost overnight. Priced at $0.00000033 against a $0.03 buyback rate, and boosted by a 100% bonus, BlockDAG (BDAG) keeps surfacing as the best crypto to buy today.

    Sui Focuses on Machine Economy Foundations

    SUI is currently trading in a tight consolidation range between $0.50 and $0.70. While some traders expect a major breakout, the immediate Sui price remains tied to broader market trends and Bitcoin’s movement. Buyers have consistently defended the support level, balancing out recent daily losses and maintaining a stable market capitalization.

    Simultaneously, the network is expanding its utility by demonstrating AI-powered autonomous transactions. During testing, the platform achieved high transaction speeds, aiming to become the foundation for a machine-driven ecosystem where AI agents exchange value independently. If network activity increases and trading volume breaks through resistance, it could support the Sui price over the long term. However, future growth depends heavily on sustained user adoption and broader market stability driving the Sui price forward.

    Shiba Inu Coin Price Faces Critical Resistance

    The Shiba Inu coin price dropped slightly to $0.00000429 on July 8 as its daily chart formed a tightening descending triangle. Analysts note that Bollinger Bands have highly compressed, indicating a potential sharp move ahead, though multiple moving averages currently suggest a bearish trend.

    On-chain data revealed a major activity spike when a Robinhood-linked address burned over 109 million tokens. This individual transaction, likely fueled by platform trading fee allocations, caused the 24-hour burn rate to jump by over 3,000%. While this massive token reduction captured community attention, the immediate Shiba Inu coin price remains bounded by psychological support near $0.0000040. Traders are watching these compressed chart levels closely to determine if the next breakout will impact the Shiba Inu coin price positively.

    BlockDAG’s 100% Bonus Draws Buyers’ Focus

    Adoption figures tell a story that marketing alone cannot, and BlockDAG’s numbers are telling a compelling one right now. The BlockDAG Casino has already logged more than 13,000 users, pulled in upward of $15 million in deposits, and processed close to $150 million in wagers, all within its first month of operation.

    Every one of those transactions runs through the project’s DAG-based architecture, a structure built to handle high-speed payments and smart contract execution on a single layer, something many older blockchain designs still struggle to combine.

    That same infrastructure is now paired with fresh technical momentum. BDAG AI went live recently, adding an estimated $500 million to the project’s valuation almost immediately, a signal that the market responds strongly to real functionality rather than announcements alone.

    Pricing has moved in favor of buyers at the same time. BDAG remains priced at $0.00000033, the buyback rate sits at $0.03, and the newly launched code EARLY delivers a 100% bonus on every purchase, doubling the previous 100% offer and setting a fresh record for the project. This bonus allocation carries a limit and will close once it is fully claimed.

    Genuine usage, working technology, and a low entry price rarely converge this precisely at the same moment. The casino figures point to users staying active rather than testing the platform once. The AI launch points to development delivering real results. And the bonus points to timing working strongly in favor of anyone considering an entry now. That alignment is exactly why BlockDAG keeps surfacing among answers to the best crypto to buy today.

    Conclusion

    The Sui price still hovers between $0.50 and $0.70, tied to AI-driven transaction tests that hint at long-term rather than quick potential. The Shiba Inu coin price stays pinned near $0.00000429, even as one burn pushed the daily rate above 3,000%.

    BlockDAG’s numbers carry more weight. Its casino counts 13,000 users, $15 million in deposits, and nearly $150 million in wagers in one month, all on DAG-based rails. BDAG AI’s launch added $500 million to its valuation overnight, while a $0.00000033 price, $0.03 buyback, and 100% EARLY bonus keep it among the best cryptos to buy today. Some projects announce themselves for a moment; others just build until the numbers convince.

    Presale: https://purchase.blockdag.network
    Website: https://blockdag.network
    Telegram: https://t.me/blockDAGnetworkOfficial
    Discord: https://discord.gg/Q7BxghMVyu

    Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be risky, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.

  • Bitcoin ETFs See $84M Outflows, XLM Volume Surges 303%, SHIB Drops 5%: Crypto News Roundup

    Bitcoin ETFs See $84M Outflows, XLM Volume Surges 303%, SHIB Drops 5%: Crypto News Roundup

    The cryptocurrency market experienced a series of significant developments, with Bitcoin spot ETFs recording substantial outflows, Stellar’s XLM seeing a massive volume surge, and Shiba Inu declining despite increased token burns. Meanwhile, Malaysia intensified its crackdown on illegal crypto mining, and JPMorgan’s tokenized Ethereum fund expanded sharply.

    Bitcoin ETFs See $84 Million in Outflows

    According to SoSoValue, Bitcoin spot ETFs recorded a total net outflow of $84.86 million yesterday. The Grayscale Bitcoin Mini Trust ETF (BTC) was the only fund to see net inflows, attracting $52.83 million, bringing its total historical net inflow to $2.49 billion. In contrast, Grayscale’s GBTC experienced the highest daily net outflow at $63.69 million, with its total historical net outflow now standing at $27.28 billion. The total net asset value of Bitcoin spot ETFs is $75.34 billion, with an ETF net asset ratio of 6.05% and a historical cumulative net inflow of $51.28 billion.

    Stellar (XLM) Volume Surges 303%

    XLM’s trading volume surged more than 303% in the last 24 hours to $873 million, according to CoinMarketCap. This spike is particularly notable as most major cryptocurrencies, including Bitcoin and Ethereum, saw volume declines of 20% and 15% respectively. The primary catalyst appears to be Stellar’s deployment of the Zipper (Protocol 27) upgrade on mainnet, which introduces authentication delegation for custom accounts and address-bound smart contract credentials. This marks the third major protocol upgrade for Stellar in 2026.

    Malaysia Seizes 75,000 Crypto Mining Rigs

    The Malaysian government has intensified its crackdown on illegal crypto mining, seizing more than 75,000 machines used for cryptocurrency mining. Deputy Home Minister Datuk Seri Dr. Shamsul Anuar disclosed that law enforcement agencies conducted 3,049 raids between 2022 and May 2026, resulting in the detention of 629 individuals linked to illegal mining infrastructure. The operations were coordinated between the Royal Malaysia Police and the state utility company Tenaga Nasional Berhad, targeting electricity theft associated with mining operations.

    JPMorgan’s Tokenized Ethereum Fund Grows 250%

    JPMorgan Asset Management has deployed approximately $800 million across two tokenized funds on the public Ethereum blockchain. The funds, MONY and JLTXX, operate on the bank’s Kinexys digital-asset platform. The newer fund, JLTXX, launched on May 13, 2026, with a $100 million seed investment and grew 250% in its first month, reaching about $695 million by early July 2026. This represents one of the largest tokenized fund deployments by a major US bank.

    Shiba Inu Drops 5% Despite Token Burn

    Shiba Inu fell more than 5% over the past week, indicating that reduced supply alone has not been sufficient to shift market sentiment. According to Shibburn data, the SHIB community burned over 152 million tokens in the past week, lifting the weekly burn rate by 55.77%. A significant portion came from a single-day burn of 110 million SHIB, the network’s largest in six months. Since launch, the community has burned more than 410 trillion SHIB, leaving approximately 585.6 trillion tokens in circulation.

    Key Takeaways

    • Bitcoin ETFs: Total net outflows of $84.86 million, with Grayscale’s GBTC leading outflows at $63.69 million.
    • Stellar (XLM): Volume surged 303% to $873 million following the Zipper Protocol 27 upgrade.
    • Malaysia crackdown: Over 75,000 mining rigs seized and 629 individuals detained in 3,049 raids.
    • JPMorgan tokenized funds: $800 million deployed across two Ethereum-based funds, with JLTXX growing 250% in its first month.
    • Shiba Inu: Fell 5% despite burning over 152 million SHIB in a week, highlighting weak market sentiment.
  • Shiba Inu Burns 117 Million SHIB But Price Stays Flat Amid Weak Meme Coin Sentiment

    Shiba Inu Burns 117 Million SHIB But Price Stays Flat Amid Weak Meme Coin Sentiment

    Shiba Inu’s community permanently removed more than 117 million SHIB tokens from circulation on July 8, recording the network’s largest single-day burn in six months. Data from Shibburn showed that a Robinhood-linked wallet completed the biggest transaction by sending more than 109 million SHIB to a dead wallet, while several smaller wallets added to the daily total.

    Even so, the token continued trading within a tight range after losing nearly 9% over the past month, despite posting a modest weekly gain. The muted market response reflected continued weakness across the meme coin sector as traders focused on broader demand instead of supply reductions.

    Robinhood-Linked Wallet Drives Largest Burn

    Shibburn data identified a wallet linked to Robinhood as the largest contributor to the July 8 burn. The address destroyed more than 109 million SHIB in a single transfer. Meanwhile, several other wallets completed smaller burns during the day. Together, those transactions pushed the daily total above 117 million SHIB.

    Even after the latest activity, Shiba Inu has destroyed about 410.84 trillion tokens since 2021. That figure remains dominated by one historic burn rather than ongoing community efforts. Ethereum co-founder Vitalik Buterin removed 410.24 trillion SHIB tokens in May 2021 after receiving half of the token’s supply as an unsolicited gift. At the time, those tokens carried an estimated value of $6.7 billion.

    Large Supply Continues to Limit Burn Impact

    Shiba Inu currently holds a market capitalization of about $2.52 billion and ranks 36th among cryptocurrencies, according to BeInCrypto data. Its circulating supply still exceeds 585 trillion tokens. Even if the July 8 burn rate continued for an entire year, it would remove only a small portion of the available supply. As a result, traders showed little reaction to the latest burn announcement.

    Why has the market remained largely unmoved despite the biggest SHIB burn in six months? Historically, meme coin rallies have followed stronger retail participation instead of supply reductions alone. Consequently, burn activity has continued without producing a matching increase in demand.

    Weak Meme Coin Sentiment Keeps SHIB Under Pressure

    SHIB has traded within a narrow price range in recent sessions. Furthermore, the token has struggled to build momentum despite widespread discussion of the latest burn across social media. The broader cryptocurrency market recovered during the weekend after a difficult second quarter. Bitcoin, Ethereum, Cardano, and Solana posted double-digit gains, yet meme coins failed to match that performance.

    Shiba Inu gained less than 5% during the rebound and remained near $0.0000054. Likewise, several major meme coins recorded similar modest advances, suggesting weaker investor confidence across the sector.

    Trader James Wynn recently described SHIB as dead, while whales transferred more than one trillion SHIB tokens to exchanges in a single day. At the same time, a SpaceX-themed parody token featuring a Shiba Inu mascot rallied sharply, unlike SHIB.

    Recent market coverage also pointed to Shibarium adoption as a more important factor than burn activity. Accordingly, analysts have continued to identify network utility, rather than deflation alone, as the project’s primary challenge.

    What’s Next?

    Shiba Inu recorded its largest daily token burn in six months after the community destroyed more than 117 million SHIB. Despite the milestone, SHIB remained range-bound as traders focused on demand, circulating supply, and Shibarium adoption instead of burn activity. Investors will likely continue monitoring these factors closely.

    Disclaimer: This article is provided for informational purposes only and does not constitute investment advice. Cryptocurrencies are highly volatile and carry financial risk. Always conduct your own research before making any investment decisions.