[ad_1] A single transaction totaling 13,046,414 SHIB has recently caught the attention of the Shiba Inu community. In a recent tweet, ShibburnX, an X account that tracks SHIB burns, reports a large token burn, with 13,046,414 SHIB transferred to a dead wallet in one go. 🔥 13,046,414 $SHIB -> transferred to dead wallet. https://t.co/hYpkdYsRxm — Shibburn (@shibburn) February 21, 2025 Shiba Inu’s burning strategy is intended to lower the total supply of SHIB, resulting in scarcity and potentially increasing its value over time. The current burn could be initiated by the Shiba Inu community, a deliberate move by a large…
Author: NBTC
[ad_1] Bitcoin (BTC), the first and largest cryptocurrency by market capitalization, is at a critical juncture, as key metrics signal an imminent shift in momentum and profitability. According to Glassnode, Bitcoin’s STH-SOPR (7D SMA) is currently testing the breakeven level of 1.0. The Spent Output Profit Ratio (SOPR) is calculated by dividing the realized value (in USD) by the created value (in USD) of a spent output. Simply put, this refers to the price sold divided by the price paid. The Short-Term Holder SOPR (STH-SOPR) is an indicator that only considers spent outputs less than 155 days old and is…
[ad_1] From its early days on Ethereum to its expansive reach across layer-2s and alternative chains, Aave has solidified itself as a leader in decentralized finance. Aave (AAVE) metrics skyrocketing: Overview AAVE tokens have had a massive surge of over 21% this week, vastly outperforming the broader crypto market. This rally follows a significant governance proposal from Aave DAO, which seeks to enhance the token’s value accrual mechanisms. Key elements of the proposal include: A profit-sharing model for AAVE stakers. A “buy and distribute” program to support price stability and long-term value. A novel “Anti-GHO” mechanism to burn or convert…
[ad_1] Ethereum (ETH) has been on a sharp downward trajectory after reaching highs above $4,000. The price has now dropped below $2,100, leaving traders questioning whether the correction is nearing its end or if more pain is ahead. With increasing selling pressure and a weakening market structure, the big question remains—could ETH fall to $1,000, or is a strong recovery imminent? This analysis will break down Ethereum’s key support and resistance levels, technical indicators, and potential price trajectory in the coming weeks. Ethereum Price Prediction: How Bad Is Ethereum’s Current Downtrend? ETH/USD Daily Chart- TradingView Ethereum has been experiencing a…
[ad_1] This is a segment from the 0xResearch newsletter. To read full editions, subscribe. On Sunday morning, Trump announced on Truth Social his plans to enact a “crypto strategic reserve.” Which assets? The anointed few: XRP, SOL, ADA, ETH and BTC and maybe more. Markets loved it, of course. BTC jumped 6% on the day, ETH was up 5.3% and XRP rippled up 18%. But the reality is that the reserve is still just talk, pending Congressional action. Source: Twitter Putting aside legal issues, the idea that the US should build a crypto reserve is itself completely bizarre, and therefore…
[ad_1] The official account of the Dogecoin team has quoted a tweet by the director of the Dogecoin Foundation Timothy Stebbing, in which he spoke of plans to make global adoption of Dogecoin a reality in the future. He also mentioned that there are some big partnerships coming. The Dogecoin account shared that tweet with a caption: “Adoption is inevitable.” Adoption is inevitable 🐾 https://t.co/qlUx8FNJBf — Dogecoin (@dogecoin) February 22, 2025 Bad news and major PR statement coming soon Timothy Stebbing started from “bad news,” saying that the Dogecoin Foundation’s legal team asked him not to reveal the names of…
[ad_1] Amid the ongoing bearish market, the Bitcoin short-term holder profitability is facing a key test once again. Bitcoin’s short-term holder spent output profit ratio (STH-SOPR) is hovering around the breakeven level of 1.0, according to the latest data from Glassnode. Historically, this threshold has acted as a momentum confirmation point. Specifically, a successful break above 1.0 signals renewed bullish strength, while failure often leads to renewed selling pressure. The last time Bitcoin’s STH-SOPR broke above 1.0 was in early January. However, the subsequent Bitcoin rally was short-lived, indicating weak conviction among short-term holders. Now, with the metric testing this…
[ad_1] Could DeFi survive under outdated financial regulations? Experts suggest that forcing decentralized platforms into compliance models designed for banks would have been disastrous, proving why policymakers must rethink their approach. Table of Contents Senate votes to repeal IRS rule The IRS rule and its repeal The economic fallout – driving DeFi underground? How DeFi regulations should Work Is U.S. crypto policy stuck in a political cycle? Senate votes to repeal IRS rule The U.S. government’s long-running tension with decentralized finance has reached another crucial moment. On Mar. 4, in a rare display of bipartisan agreement, the Senate overwhelmingly voted…
[ad_1] Ethereum’s performance has been inconsistent lately, negatively impacting its public perception. Continuous price drops, governance issues, and high gas fees have made the crypto community question whether these are temporary setbacks or signs of deeper problems. BeInCrypto interviewed industry leaders from Wirex, Komodo Platform, BingX, KelpDAO, and RAAC to analyze the factors contributing to Ethereum’s decline, its current market position, and potential strategies for improvement. Market Performance and Investor Sentiment Ethereum’s 2025 is off to a rocky start. After a failed attempt to break through the $2,500 barrier, Ethereum has retreated to $2,090. Meanwhile, whale addresses have been on…
[ad_1] The co-founder of Stobox, a blockchain-based platform designed to tokenize real-world assets (RWAs), during his participation at the Web Summit in Qatar spoke with Cryptopolitan on how the MENA region will become the epicenter of tokenization expecting 10-20 percent ($3- $6 trillion) of the projected $30 trillion tokenization market in 2030 to come from the Middle East. Stobox, was one of the 29 blockchain firms that have been accepted into Qatar Financial Centre’s Digital Assets Lab. Ross Shemeliak, the co-founder of the firm, noted that tokenization is taking the world and MENA region by storm. Tokenization momentum growing in…