XRP price is currently trying to bounce back and hit the important $3 level once again. Trading at $2.83, XRP is down by more than 1% in the last 24 hours. The majority of the top ten cryptocurrencies have slipped into the red zone. Bitcoin and Ethereum are both down more than 2%. Here’s what’s …
New data from Santiment has revealed that the top 10 Shiba Inu (SHIB) addresses control over 62% of the entire token supply. The crypto analytics platform shared the update on Tuesday, posting percentages of supply held by the top blockchain wallets of popular Ethereum-based tokens on X. Santiment Data Reveals Top 10 Wallets Hold Over 62% Of Shiba Inu Supply According to the Santiment report, the concentration of Shiba Inu supply in the hands of the top 10 wallets is striking. According to the data, out of Shiba Inu’s original one quadrillion tokens, 62.3% are now controlled by only ten addresses. This figure amounts to around 623 trillion SHIB tokens. Related Reading: Is Binance Manipulating XRP Price And Driving The Crash? Analyst Gives Answers Public blockchain data available on Etherscan offers an even closer look at these leading Shiba Inu addresses, giving more detailed information about the wallets and the amounts of SHIB they currently hold. The biggest wallet in this group is the official Shiba Inu burn address created when Ethereum co-founder Vitalik Buterin sent over 410 trillion SHIB to the address in 2021. This address contains 410.43 trillion SHIB, making it the largest single holder in the ecosystem. Tokens in this wallet are considered permanently removed from circulation. Another primary address also holds a large amount of SHIB. This wallet contains about 53.37 trillion tokens, equal to 5.33% of the total supply. The wallet may be associated with a decentralized exchange or a smart contract. These two top wallets together already make up a large part of the Shiba Inu supply, while a mix of exchanges and other entities fills the rest of the list. Exchanges Dominate The Biggest Shiba Inu Holdings The data also shows that several of the largest wallets belong to major centralized exchanges. Robinhood appears on the list as one of the most oversized holders. The wallet linked to Robinhood currently holds 39.27 trillion SHIB, which represents 3.92% of the total supply. Binance is also a leading holder of Shiba Inu. The address labeled Binance Hot Wallet 20 contains 30.71 trillion tokens, or 3.07% of the total supply. Another address, Binance 28, holds 19.51 trillion SHIB, equal to 1.95%. Related Reading: Dogecoin Price Set For Explosive Rally If This Structure Holds Crypto.com is another exchange with a large wallet among the top 10. The wallet connected to Crypto.com holds 29.83 trillion SHIB. This number represents 2.98% of the supply. Other large wallets on the list include one address with 12.04 trillion SHIB, which makes up 1.2% of the total. Another holds 11.41 trillion tokens, equal to 1.14% of the supply. A separate wallet contains 9.04 trillion SHIB, or 0.9%. Finally, the tenth-largest Shiba Inu holder controls approximately 7.65 trillion tokens, which equates to 0.76% of the total supply. The wallet may also be related to a decentralized exchange. Featured image from DALL.E, chart from TradingView.com
Kraken's acquisition of Breakout could democratize trading opportunities, emphasizing skill over capital access, potentially reshaping trader dynamics.
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The Securities and Exchange Commission has set a rulemaking agenda that shifts U.S. crypto oversight toward formal rules, outlining proposals on the offer and sale of digital assets, broker-dealer treatment, and the potential for crypto trading on national exchanges and alternative trading systems. The agenda also includes plans to streamline disclosures and reduce compliance burdens […]
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The small-cap holding company is betting on Ethena’s ENA governance token, aiming to capture yield from synthetic stablecoin USDe.
Fortune's stablecoin network is already servicing more than 40 participants including Circle, Bridge, Zerohash, and Yellow Card.
What is India’s levy crypto tax, and how does it apply across various types of transactions, such as trading, selling or spending your crypto?
Bitcoin treasury firm Sequans Communications said it will reverse split its American Depositary Shares (ADSs) to remain listed on the New York Stock Exchange and appeal to larger institutional investors. In a Sept. 4 statement, the company confirmed that each ADS will soon represent 100 ordinary shares instead of 10. The adjustment will take effect […]
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XRP long-term holders show less conviction than in 2017, with sentiment now more similar to a 2021-style market top.
Ether’s monthly spot volume on CEXs overtook bitcoin’s for the first time in years amid institutional demand, The Block’s data shows.
1Money secured 34 U.S. money transmitter licenses and a Bermuda Class F digital asset license to launch stablecoin orchestration services.
Etherscan, the leading block explorer for Ethereum and other EVM-compatible chains, has launched Seiscan, a dedicated explorer for the Sei Network. Seiscan offers users and developers advanced tools to track transactions, analyze smart contracts, and monitor wallet activities on Sei’s high-speed Layer 1 blockchain. This launch enhances transparency and usability for the growing Sei ecosystem, …
Nasdaq is stepping up oversight of companies that raise funds to buy and hold large amounts of cryptocurrency to inflate their stock prices. The tighter scrutiny aims to prevent misleading practices and increase transparency for investors. Companies will now need to provide detailed disclosures about their crypto holdings, which could help stabilize the market by …
RWAs may bring billions in climate investments onchain by offering a new blockchain-based “trust” layer for institutional investors.
Michael Saylor’s Bitcoin fortress faces Peter Thiel’s Ether agility. Two giants, two treasuries — who’s making the smarter bet?
Nasdaq's stricter crypto listing rules may slow market growth, impacting firms' strategic shifts and investor confidence in digital assets.
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A bitcoin address containing around 479 BTC, now worth $53 million, has woken up after being dormant since November 2012.
Regulations, hype cycles and pie-in-the-sky promises have scuppered blockchain city projects across the globe... but one has succeeded.
The blockchain-based Seturion platform is designed to unify post-trade systems for tokenized assets and reduce settlement costs by up to 90%.
Cardano’s mood music has flipped. Even as ADA has rebounded about five percent from its late-August lows, on-chain analytics firm Santiment says the asset’s typically optimistic retail crowd has swung to its most negative stance in five months. In an X post accompanying its sentiment chart, the firm wrote: “Cardano has quietly seen its normally optimistic crowd start to turn bearish. After the lowest sentiment recorded in 5 months, $ADA’s price is +5%. Patient holders and dip buyers during this three week downswing should root for this trend of bearish retailers to continue.” Santiment framed that shift in classic contrarian terms. “Prices typically move the opposite direction of the crowd’s expectations. When small traders sell off their bags out of impatience and frustration, it is generally the key stakeholders who accumulate and drive up prices again,” the post added. Related Reading: Cardano (ADA) Redemption Controversy Over? Hoskinson Shares IOG Audit Results The graphic shared by the firm plots ADA’s price against a running ratio of bullish versus bearish social commentary and annotated three distinct phases over the past month: an early-August “greed” spike where the bullish-to-bearish ratio surged to roughly 12.8:1 and was followed by a pullback; a mid-August “fear” pocket near 2.0:1 that preceded a rally; and, most recently, the most bearish reading in five months around 1.5:1, coinciding with ADA’s +5% bounce. The sequencing in Santiment’s chart supports the firm’s message that outsized crowd optimism or pessimism frequently appears near short-term inflection points. The short-term price path into that rebound has been marked by a three-week downswing that began around August 14. Cardano Faces Decision Zone Independent market analyst Quantum Ascend ties the bounce to a clearly defined higher-time-frame structure. Posting a daily ADA/USD chart, the analyst wrote: “ADA Respecting a channel on the high time frame dating back to early June. Higher Highs, Lower Lows. Short-term decline dating back to August 14 channeling as well. Price Currently sitting atop the .382 Fib at $0.82. Cardano’s decision point appears near, but we still need to be looking to the Macro. Regardless, I’m very bullish long-term.” Related Reading: Cardano Founder Says Chainlink Quoted Them An ‘Absurd Price’, Here’s Why In Quantum Ascend’s view, ADA is tracking an ascending channel that has contained price action since mid-June. The short, blue corrective channel from August 14 sits inside that broader up-channel and has carried price back to the lower end of the channel as well as a Fibonacci retracement cluster derived from the June–August advance. The analyst’s chart places the 0.382 retracement near $0.821, which has acted as first support and the immediate “decision point.” Below that, the same mapping highlights the 0.309 retracement around $0.762 and the 0.236 near $0.702 as deeper pullback areas inside the macro structure. Overhead, the analyst’s levels mark successive checkpoints at the 0.5 retracement near $0.879, the 0.618 near $1.043, the 0.702 around $1.083, the 0.786 near $1.151, and the 1.0 extension around $1.326—levels that also align with prior supply pockets and the upper boundary of the ascending channel later in the quarter. At press time, ADA traded at $0.8177. Featured image created with DALL.E, chart from TradingView.com
From Cyprus to Afghanistan, crypto has shown its value in times of crisis. Now, with Washington rewriting the rules, the industry faces its most decisive moment.
Webus' integration of XRP payments with Air China could revolutionize travel rewards, enhancing global blockchain adoption and financial innovation.
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The clock is ticking on “Q-Day” – the day quantum computers could break the cryptography that protects Bitcoin, Ethereum, and trillions of dollars in crypto assets. The U.S. Securities and Exchange Commission’s (SEC) Crypto Asset Task Force is now reviewing a proposal to safeguard the market before it’s too late. A Clear Warning for Regulators …
Uniswap (UNI) dropped 2.8% and NEAR Protocol (NEAR) fell 2.8%, leading the index lower from Wednesday.
The winners of the next decade will not be those who move fast and break things, says Chris Brummer, Georgetown law professor and CEO of Bluprynt. Instead, the winners will be those who move smart and build things that last.
Today, the BTC price remains under the spotlight, hinting at more room for growth due to elevated exchange outflows and institutional demand. Recent data points toward a continued accumulation trend that could uplift BTC price in the near term, and the liquidation levels are tightening, placing September as a pivotal month for the Bitcoin USD’s …
Outgoing CFTC Commissioner Kristin Johnson said prediction markets pose risks to retail investors, and slammed companies exploiting license loopholes for event betting.
The amount of Ethereum waiting to enter staking has overtaken the volume queued for withdrawal for the first time since July, marking a key shift in network activity. According to data from the Ethereum Validator Queue, the staking entry line reached 833,141 ETH (around $3.7 billion) on Sept. 4, surpassing the 819,757 ETH (roughly $3.6 […]
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Officially licensed NFT platform NFL All Day is revamping the collector experience, adding new autographed moments and more.
Gloria AI launched its News Terminal V1, delivering machine-speed news for crypto, macro, and AI, with integrations across Virtuals agents.
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