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Shiba Inu’s ($SHIB) burn rate surged 772%, with 15.08M SHIB burnt in 24 hours. Weekly burn rate up 313%, with 44.20M SHIB incinerated. Price consolidates around $0.00001468, with signs of bullish momentum. Market sentiment remains optimistic.
Arthur Hayes, BitMEX co-founder, advises trading $SHIB, $PEPE, and other meme coins as Bitcoin remains stable. Hayes acknowledges a past error about Bitcoin’s crash post-Fed rate cuts and highlights the MOTHER coin’s 31% surge thanks to @IGGYAZALEA’s casino launch.
$SUI surges 10%, now trading at $1.60, as Sui Network’s TVL crosses $900 million, a 3,285% yearly increase. Market cap hits $4.2B, with daily trading volumes up 93% to $841M. Potential to surpass $2.08 ATH.
Speculation mounts as the U.S. SEC considers appealing Judge Torres’ rulings in the XRP case. With just two weeks left to decide, $XRP has surged above $0.60 amid the lawsuit’s tensions. Regulatory clarity and crypto market futures hang in the balance.
Barry Silbert predicts a $TAO listing on @Coinbase would boost its market exposure and liquidity, despite ongoing federal investigations into him and @DCGco. No charges have been filed yet.
Ripple Chairman Chris Larsen transfers 20M $XRP after a prior 50M move. Wallet suspected to be @Binance. Recent transactions spark unconfirmed hack rumors, highlighting potential market impacts and the need for transparency in crypto dealings.
? $LUNC burns 726M USTC post-proposal approval; tokens jump 2%. Narrow vote: 27.23% for, 48% abstained. Future burns face Oct 31 court challenge. Community delegators show strong support with 92% backing. More burns ahead.
MicroStrategy’s $MSTR stock surged over 1,000% since adopting Bitcoin, outpacing both BTC (425%) and the S&P 500 (70%). Recent purchase of 7,420 BTC brings holdings to 252,220 BTC. Michael Saylor expects further institutional adoption.
Grayscale XRP Trust offers a secure way for traditional investors to gain XRP exposure without using crypto exchanges, but is limited to accredited investors with higher costs and a one-year holding period. Long-term value and accessibility are key factors to watch.
Anthony Scaramucci predicts $SOL will lead tokenized assets, reducing $7B annual transaction verification costs. Solana partners with Franklin Templeton and Citi Bank to enhance on-chain mutual funds and smart contract services.
SEC’s SAB 121 rule mandates banks to disclose crypto custodial assets, sparking criticism from Congressman @RitchieTorres over GAAP violations and innovation stifling. Despite challenges, major banks like $BK are entering the crypto custody market.
SEC pursues sanctions against @elonmusk for missing court-ordered testimony on $44B Twitter acquisition. Alleged emergency absence violated a May 31 order, with SEC warning of severe legal consequences for continued non-compliance, including potential arrest.
SEC approves options trading for BlackRock’s $IBIT Bitcoin ETF. This milestone highlights growing acceptance of crypto products in traditional finance and could drive mainstream adoption and new investment strategies. @BlackRock
BNY Mellon ($BK) secures SEC approval for Bitcoin custody services, exempt from SAB 121 regulations. This move could entice more traditional financial institutions to step into the crypto market, signaling a potential growth in institutional investment.
