Shiba Inu’s layer-2 network, Shibarium, has suffered a significant decline in its daily transaction metric, providing a bearish outlook for the top meme coin. This comes as the SHIB price looks to stage a rebound alongside the broader crypto market. Shiba Inu’s Shibarium Suffers Crash In Daily Transactions Shibariumscan data shows that daily transactions on Shiba Inu’s layer-2 network crashed from just over 4 million on August 23 to 1.09 million on August 24. The crash further extended on August 25 as the network recorded 624,140 transactions on the day, which represented a 2-month low for the layer-2 network. Related Reading: Shiba Inu Exchange Supply Drops Toward New Lows, What This Means For Price Meanwhile, Shiba Inu’s Shibarium recorded 1.76 million transactions on August 26, which is still significantly below the average of 4 million daily transactions it has maintained for some time. This development is typically bearish for the SHIB price, as a decrease in the network’s daily transactions leads to fewer token burns. The Shiba Inu team deploys some of the fees earned on Shibarium for SHIB burns, which helps reduce the token’s circulating supply and could serve as a catalyst for higher prices as demand increases. Notably, Shibburn data shows that the burn rate is down over 87% in the last seven days, with 8.8 million tokens burned during this period. However, a positive is that the Shiba Inu burns increased over 500% in the last 24 hours, with 1 million tokens burned during this period. This trend might not be sustainable if the daily transactions on Shibarium continue to drop. Meanwhile, other major metrics on the layer-2 network are also on a downtrend at the moment. This includes the number of active and new accounts, which highlight the network’s growth over a period of time. Bullish Case For The SHIB Price Amid the drop in these Shiba Inu’s Shibarium metrics, crypto analyst Javon Marks has made a bullish case for the SHIB price. In an X post, he stated that the structure of SHIB’s Inverse Head and Shoulders pattern remains intact and is currently in the final shoulder area of it. Based on this, he declared that the meme coin might be on the brink of a substantial surge. Related Reading: Shiba Inu Head And Shoulders Pattern Signals 540% Upshoot To New All-Time Highs If the breakout occurs, Marks claimed that the target is over 540% away at $0.000081, which could pave the way into new all-time highs (ATHs) for Shiba Inu. The SHIB price’s current ATH is $0.00008845, which it reached in October 2021. Meanwhile, fundamentals like the Shib Alpha Layer may help contribute to any potential surge in the SHIB price. At the time of writing, the Shiba Inu price is trading at around $0.00001253, up over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
The United States spot Ethereum (ETH) exchange-traded funds (ETFs) recorded the highest cash net inflows of about $455 million since August 15, 2025. BlackRock’s ETHA led in net cash inflows on Tuesday of about $323 million, thus currently holding about $16.9 billion in net assets. Fidelity’s FETH and Grayscale’s ETH registered a net cash inflow …
Whale activity drove a 2.5x price spike on Hyperliquid's XPL pre-launch market, sweeping liquidity and triggering liquidations.
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The agency hopes to have a more detailed view of crypto transactions.
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The cryptocurrency market is once again pausing for breath. With Bitcoin trading between $110,000 and $111,000, many are wondering whether this is the calm before the next big move. Historically, September has been one of the weakest months for crypto, often marked by corrections and sideways price action. But for long-term investors, that weakness has …
The CFTC is adopting Nasdaq's surveillance program as it positions itself to take on a larger role in overseeing digital assets.
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Avail, a modular blockchain infrastructure project backed by Peter Thiel’s Founders Fund and other notable investors, has acquired Arcana, a chain abstraction protocol, in a deal aimed at boosting multichain scalability. The acquisition is Avail’s first and will see Arcana’s chain abstraction and developer tools folded into the Avail tech stack. As part of the […]
Mihai Jacob, a well-known market watcher, says the Bitcoin price rally that followed Powell’s Friday speech may not be as strong as it first looked. The charts, he explains, continue to flash signs of weakness that should not be ignored. According to Jacob, the flagship cryptocurrency could still face another sharp decline, and a drop below $100,000 remains a real risk despite the short-term optimism. Powell’s Speech Gave Bitcoin Price A Lift, But Charts Tell A Different Story Jacob explains that in his earlier analysis, he noted the $110,000 zone as a key level for Bitcoin. As long as that level held, the broader bullish structure could technically stay intact. Powell’s speech gave a hint of a possible rate cut, and for a moment, the market reacted with excitement, and Bitcoin bounced just as traders wanted. Related Reading: Rumored Ripple NDA Suggests Trump, BlackRock, And JP Morgan Are Working With XRP Ledger But Jacob quickly asks the hard question: was that bounce real strength, or just wishful thinking? He advises trading what you see, not what you hope for. And what he sees now on the charts does not match the initial joy of the rally. Soon after the move, Bitcoin returned to the $ 112,000 support level, erasing most of the gains. For Jacob, this suggests that the market may have been reacting to temporary news rather than initiating a new wave of growth. He warns that the bounce looks more like a retest of broken levels than a fresh start to a bigger move. In other words, what seemed like a comeback may actually be a signal that Bitcoin remains weak. Instead of buyers taking control, the chart suggests sellers are still in charge, waiting to push the price lower again. Why A Drop Below $100,000 Remains Likely Looking at the bigger picture, Jacob points out that Bitcoin still trades below the trendline that has been in place since April, highlighting the shape of the price action, which suggests a possible head-and-shoulders pattern is forming around the $110,000 zone. While not perfectly shaped, it is still enough to make cautious traders uneasy about what may come next. Related Reading: Here’s What Powell’s Possible Rate Cuts Could Mean For The Shiba Inu Price For Jacob, the excitement that came from Powell’s speech was likely nothing more than “rate cut euphoria,” and he believes the market is sending a very different message from what headlines suggest. The idea that Bitcoin would simply return to the same support level, giving late buyers another easy opportunity, is, in his view, hard to believe. More likely, it was a “dead cat bounce,” a short-lived move before another fall. Jacob makes it clear that his current stance is neutral in terms of active positions, but his outlook leans bearish. Optimism may be tempting, but he insists that discipline requires traders to trust the charts, not their hopes. With Bitcoin still struggling under key levels, he sees the possibility of a decline below $100,000 as very real. Featured image from DALL.E, chart from TradingView.com
Rex Shares and Osprey Funds seek to follow up their Solana staking ETF with an equivalent vehicle for BNB, which would also be introduced under the Investment Company Act.
The CFTC's adoption of advanced surveillance tech enhances market integrity, adapting to evolving digital assets and regulatory demands.
The post CFTC adopts Nasdaq surveillance tech to oversee digital asset markets appeared first on Crypto Briefing.
The options market is braced for a $270 billion swing as Nvidia results approach.
Dominari Holdings' crypto expansion could significantly influence mainstream finance, highlighting digital assets' growing centrality in the sector.
The post Trump-linked Dominari Holdings establishes crypto advisory board appeared first on Crypto Briefing.
Decentralized AI project Swarm Network has raised $13 million, including $10 million through NFT-based agent licenses and $3 million from strategic investors.
On Oct. 6, Play Solana will ship its first handheld gaming console called the PSG1, which features a built-in hardware crypto wallet.
Bitcoin is trading around $111,000 after several days of losing ground below its all-time high of $124,500. Bulls have managed to keep the price above the key $110,000 support, but momentum remains weak as attempts to push higher continue to fail. Some analysts warn of a deeper correction ahead if buyers cannot step in with stronger conviction. Related Reading: Ethereum Faces Risk As Binance Leverage Ratio Skyrockets To Record Levels Top analyst Axel Adler shared new insights, pointing to the behavior of Bitcoin’s annual Adjusted MVRV. Currently, the metric has pressed against the 1.0 zone, meaning the short-term average (30-day) is almost identical to the longer-term average (365-day). In practice, this shows that the market is in a balancing phase: recent profit-taking and volatility are being absorbed by the longer-term growth trend, keeping the overall structure neutral. Historically, this 1.0 level has often represented a pause within bullish cycles rather than the end of them. It signals that the market is digesting recent gains as short-term holders hand coins to longer-term investors. Whether Bitcoin breaks down to test lower demand zones or stabilizes before another leg higher will likely be decided in the coming weeks, as traders closely watch this critical support zone. Bitcoin Adjusted MVRV Signals Pause, Not Reversal According to Adler, Bitcoin’s annual Adjusted MVRV is currently pressed right at the 1.0 zone, and the dynamics behind it tell an important story. The annual basis remains positive, and its curve looks largely horizontal because two opposing forces are offsetting each other. On the one hand, the 30-day metric has cooled significantly as volatility eased and profit-taking slowed after the latest push to all-time highs. On the other, the heavier 365-day average still reflects the gains of past months, holding up the broader trend. This synchronization between numerator and denominator compresses the difference, keeping the basis line steady rather than sliding downward or accelerating upward. In simple terms, the market is digesting the previous rally rather than breaking down. Adler stresses that this situation at the 1.0 zone should not be mistaken for the end of a cycle. Instead, it represents a pause within an ongoing bullish structure. As long as the annual basis does not reverse downward, the market is essentially redistributing coins from short-term speculators into the hands of more patient holders. There are no strong signs of capitulation, only consolidation. Over the next couple of weeks, the reaction at 1.0 will be critical. Whether Bitcoin holds firm and builds momentum or slips toward deeper corrections will define the next phase. For now, Adler sees this as more a matter of time and balance than a warning of a cycle-ending reversal. Related Reading: Bitcoin STH Cost Basis Aligns With Critical Indicator: Support Builds Around $100K Level BTC Testing Support Around Pivotal Level Bitcoin continues to consolidate after a sharp retrace from its all-time high of $124K, now trading near $110,823. The daily chart shows BTC struggling to hold above the $110K support zone, which has become a key battleground for bulls and bears. The 50-day SMA is trending around $116,600, while the 100-day SMA is near $111,600—levels that are now acting as resistance. Meanwhile, the 200-day SMA sits lower at approximately $101,000, marking the deeper structural support. A decisive loss of the $110K zone could accelerate selling pressure, potentially leading Bitcoin to test the 100K–107K support range, a critical confluence highlighted by analysts due to the alignment with the STH Realized Price. Related Reading: Bitcoin CEX Netflows Still Green Despite Large Sellers Rotating To Ethereum On the upside, Bitcoin must reclaim the $115K–$117K region to shift momentum back in favor of bulls. Failure to do so risks further consolidation and market uncertainty. The rejection at the $123K level last week highlighted strong overhead resistance, with sellers stepping in aggressively. Featured image from Dall-E, chart from TradingView
USDT0 expands to 12 networks with Polygon integration, while XAUT0 grows following its TON debut and HyperEVM integration.
The new feature is designed to let networks offer their own token-based incentives to stakers and node operators.
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Coinbase, Kraken, Ripple, a16z and others pressed the Senate to add explicit protections for developers and non-custodial services in the market structure bill.
The partnership could significantly boost Cronos' market presence, but scrutiny over Crypto.com's practices may impact long-term trust.
The post Cronos jumps nearly 50% on Trump Media and Crypto.com treasury deal appeared first on Crypto Briefing.
China’s control over crypto liquidity and its buying power gives Beijing unprecedented leverage over the Trump family’s digital fortune.
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XRP’s ETF journey is heating up with fresh debates, surprising demand numbers, and mounting regulatory delays. Bloomberg analysts say demand will be smaller compared to Bitcoin, yet new data shows rising interest in XRP products. At the same time, the U.S. SEC has delayed decisions on multiple XRP ETF filings, leaving investors waiting for clarity. …