Crypto World News
Crypto World News
A newly created wallet received 125.33 billion SHIB from a BitGo-linked address as Shiba Inu exchange outflows increased. CryptoQuant data showed a 160.06 billion SHIB net outflow, while the token remained narrowly ahead of Bittensor in market capitalization.
Shiba Inu price is back in focus after Emirates enabled Crypto.com Pay for eligible flight bookings, giving SHIB another real-world use case. Rising open interest and improving technical indicators now suggest traders are watching for the token's next move.
The U.S. government has transferred approximately $250,000 worth of SHIB tokens seized from FTX and Alameda Research, according to Arkham Intelligence. The movement appears tied to the ongoing administration of confiscated assets, with the tokens expected to remain under government control pending creditor repayments.
Shiba Inu is trading within a tight range as resistance continues to cap upside momentum despite modest gains in recent sessions. Rising trading activity and mixed on-chain signals suggest uncertainty, with traders watching for a breakout or breakdown to determine SHIB’s next directional move.
Shiba Inu has slipped to 31st place by market capitalization after an 11% weekly decline, allowing Tether Gold to move ahead. Weak ecosystem activity, slowing token burns, and reduced investor demand continue to weigh on SHIB as the market increasingly favors utility-driven and asset-backed cryptocurrencies.
Rakuten Wallet is strengthening Shiba Inu support in Japan through educational content, promotional campaigns, and community engagement initiatives. The exchange’s latest efforts could boost SHIB visibility among millions of users, while its connection to Rakuten’s vast ecosystem expands potential adoption and awareness across the country.
Debate over Shiba Inu’s long-standing $1 target has resurfaced after strategist Michael Gayed challenged the math behind the prediction. The discussion highlights concerns about SHIB’s large circulating supply and the broader market conditions affecting speculative crypto assets.
Mercari has expanded its crypto offering by listing Shiba Inu (SHIB) and Dogecoin (DOGE), giving more than 4 million users access to popular meme coins. The integration, powered by Coincheck, allows purchases using sales proceeds and loyalty points, highlighting growing retail adoption and broader acceptance of digital assets in Japan.
Shiba Inu investors are keeping a close eye on on-chain activity after the meme coin posted its biggest exchange inflow in a month. Data reveals that…
Shiba Inu (SHIB) breakout from a falling wedge pattern signals potential bullish momentum for the SHIB price, supported by improving RSI and MACD indicators. However, declining…