Shiba Inu Supply Shrinks as Whale Burns Boost SHIB Value
The SHIB community has intensified its token burn, leading to the destruction of nearly half a billion SHIB coins. Shibburn, a prominent tracking platform, reported a massive 1,837% increase in SHIB burn rates, amounting to 463,450,468 SHIB burned. This rise in burn activity coincided with a 24% price jump for SHIB, taking its value to $0.00002753. Major Burn Transactions Led by a Mysterious Whale Within the past day, seven significant burn transactions played a pivotal role in reducing the SHIB supply. Notably, a mysterious whale took center stage, conducting the largest burn of 412,144,084 SHIB. Furthermore, other substantial transactions included burns of 46,754,762; 3,000,000; and 1,240,000 SHIB, which were sent to unspendable blockchain addresses. Lucie, a Shiba Inu marketing expert, recently voiced her support for decentralized finance (DeFi) on social media platform X. Lucie emphasized DeFi’s core purpose—allowing users to maintain full control over their assets through self-custody, removing the need for centralized intermediaries. She warned that centralized exchanges expose users to potential threats, such as data breaches, surveillance, and manipulation, as they control the users’ wallets and assets. Push for Blockchain-Based Crypto Purchases Lucie further suggested that instead of relying on centralized exchanges, platforms should focus on developing ways to buy crypto directly on the blockchain using fiat currency. She argued this method would be safer, faster, and cheaper, helping users avoid the risks associated with third-party oversight. Moreover, Lucie stressed that decentralized purchasing options protect user privacy and keep their assets under their own control. To Lucie, the primary goal of DeFi is to enable private and secure crypto transactions that uphold the foundational principles of blockchain. She urged platforms to stay true to these values, warning that they could undermine the freedoms blockchain technology aims to safeguard if they fail to do so.
Cardano Rallies as Founder Charles Hoskinson Pledges to Engage with Lawmakers in Washington, D.C.
Cardano’s token, ADA, has reached its highest price since April 2024, spiking by 33% to a high of $0.64 before stabilizing around $0.59. This surge was driven by founder Charles Hoskinson’s announcement that he plans to work with U.S. lawmakers on cryptocurrency policy. Hoskinson’s Upcoming Role in U.S. Crypto Policy and Its Impact on Cardano Renowned for his role in co-founding Ethereum before establishing Cardano, Hoskinson recently announced his intention to become an active policy adviser on cryptocurrency issues in 2025, following the anticipated election of Donald Trump. “A large part of my time in 2025 will also be devoted to the political process,” Hoskinson shared in a video. Although he has not yet taken an official position, Trump’s campaign has expressed an openness to input from crypto industry leaders regarding future regulatory developments. Read Also: Shiba Classic ($SHIBC) Launches Wednesday, Backed by Early Investors and Whales Cardano’s Shift Towards a Bitcoin Layer-2 Solution Hoskinson has also unveiled a strategic pivot for Cardano, branding it as a Bitcoin layer-2 solution. This approach would leverage Bitcoin’s security and liquidity to support faster transaction processing, reflecting Cardano’s adaptability within the broader crypto ecosystem. Development of Midnight Blockchain for Enhanced Privacy Cardano is making significant strides with the development of a new partner blockchain called “Midnight.” According to Input Output Global’s CTO, Romain Pellerin, Midnight is scheduled for release next year and will feature advanced privacy options, including selective disclosure capabilities. Cardano’s stake pool operators, who maintain the network’s proof-of-stake consensus, will play a key role in supporting these privacy features. Cardano’s Governance and Rewards for Stake Pool Operators The governance model for Midnight will be integrated with Cardano’s existing network, allowing stake pool operators to earn rewards in $Night tokens. This integration between Cardano’s operators and Midnight’s privacy enhancements highlights Cardano’s commitment to decentralized governance and technological innovation.
Shiba Classic ($SHIBC) Launches Wednesday, Backed by Early Investors and Whales
In a significant development for the cryptocurrency market, Shiba Classic ($SHIBC) is set to launch this Wednesday, November 13th, at 06:00 PM UTC. The launch comes on the heels of a remarkable surge in SSHIB’s market capitalization, which has added an impressive $6 billion. Strong backing for Shiba classic Shiba Classic, a new cryptocurrency project, has garnered substantial support from early investors and prominent whales in the Shiba ecosystem. This backing is expected to provide a solid foundation for the project’s growth and adoption. Capitalizing on Market Momentum The timing of the launch couldn’t be more opportune, as the cryptocurrency market continues to experience significant fluctuations. Shiba Classic aims to capitalize on the momentum generated by its predecessor, SSHIB, and establish itself as a major player in the crypto space. Read Also: Shibarium on Track to Achieve New Transaction Milestone Details about Shiba Classic’s features, tokenomics, and roadmap are yet to be fully disclosed. However, the involvement of early investors and whales suggests a well-structured project with potential for long-term success. Investors Interest Build Crypto enthusiasts and investors are eagerly anticipating the launch, hoping to capitalize on the project’s potential for growth. With the cryptocurrency market’s volatility, Shiba Classic’s entry is poised to generate significant interest.
Toncoin (TON) Consolidates with Bullish Potential After U.S. Election Results, Surges by 0.76%: 24-Hour Price Analysis
Following the U.S. election results, the cryptocurrency market has seen a resurgence in buying activity, particularly for altcoins like Toncoin (TON). Currently trading at $4.8956, TON has shown relative strength in holding onto its gains, even as the broader market consolidates. In this 24-hour analysis, we will explore key price levels using technical indicators like the Exponential Moving Averages (EMAs) and RSI, to determine the short-term outlook for TON. EMA Analysis: Crucial Support Holding Firm Toncoin is trading near its 20 EMA at $4.8868, which is a key short-term support level. This suggests that buyers remain active while the price is consolidating and defending this level. These EMA levels suggest that Toncoin is well-supported in the short term. The 20 EMA is particularly significant, as it has been repeatedly tested but not broken, indicating that bullish momentum is still in play. Read also: LUNC Price Analysis: Consolidation Phase Before a Potential Breakout Above $0.00009800– Is the Bull Taking Over RSI Divergence: Positive Signal for Buyers The RSI Divergence indicator shows a positive value of 3.7634, signalling that the recent consolidation could set up a renewed push higher. This divergence indicates that buying pressure is starting to outpace selling pressure, making it likely that Toncoin will see a bullish move in the coming hours. The RSI is not yet in overbought territory, which suggests that there is still room for additional gains without the risk of immediate correction. Conclusion Toncoin remains in a consolidation phase but shows promising upside potential as long as key support levels, particularly the 20 EMA and 50 EMA, hold. The RSI divergence points to increasing buying momentum, which could propel TON higher if the broader crypto market continues its post-election rally. For the next 24 hours, traders should watch for a potential breakout above current levels, with $4.8868 serving as a critical pivot point. If this level is maintained, Toncoin could see renewed upward movement, keeping its bullish outlook intact.
LUNC Price Analysis: Consolidation Phase Before a Potential Breakout Above $0.00009800– Is the Bull Taking Over
Terra Classic (LUNC) has experienced a consolidation phase over the past 24 hours, fluctuating within a tight range as the market searches for direction. As seen on the 1-hour chart, the price remains near 0.00009393, reflecting indecision among buyers and sellers. Consolidation Between Key Moving Averages The price action in LUNC is primarily bouncing between the 50 EMA (0.00009075) and the 20 EMA (0.00009274), indicating a phase of consolidation. Both moving averages are converging closely, which often suggests that a breakout is imminent. Traders should watch for a decisive move beyond this narrow range, as it could signal a shift in momentum. Despite the brief period of sideways movement, the fact that LUNC remains above the 100 and 200 EMAs signals that the overall trend is still bullish. The 200 EMA (0.00008893), in particular, has proven to be a key support level, and if the price holds above this level, it will likely sustain the upward momentum. Potential for a Bullish Breakout While LUNC has found resistance at 0.00009800, the overall market sentiment leans bullish. The narrowing of the EMAs suggests that price volatility may soon increase, potentially pushing the price toward higher resistance levels. Should LUNC break out of the consolidation phase, it could target the 0.00009600 mark, representing the next significant resistance zone. Traders can expect this level to be tested if buying pressure continues to build. The RSI indicator, currently reading 3.71, shows early signs of bullish divergence. Although this number is relatively low, it highlights a slight upward pressure building in the market. If the RSI increases over the next few hours, it would further confirm that buyers are gaining strength, increasing the chances of a breakout. Related article: SEC Crypto Crackdown Could Ease Under Trump Administration, Analysts Predict Key Levels to Watch for the Next 24 Hours Traders should monitor the 0.00009274 level as a critical point of support. A breakdown below this level could invalidate the current bullish trend and lead to a further decline toward 0.00009075 or 0.00008900. Conversely, if LUNC breaks above 0.00009400, it could spark a rally that targets 0.00009600 or higher. LUNC’s current consolidation phase indicates that the market is gearing up for a potential breakout. Whether that move will be upward or downward depends on how the price interacts with the critical support and resistance levels mentioned above.
SEC Crypto Crackdown Could Ease Under Trump Administration, Analysts Predict
The U.S. crypto industry may see relief as a shift in SEC leadership could curb aggressive enforcement under Gary Gensler. For years, the SEC has viewed most digital assets as unregistered securities under outdated financial laws, resulting in a stringent crackdown on major crypto firms. However, Bloomberg reports that the recent Republican electoral success may lead to a regulatory rollback. Trump’s Promise to End SEC’s Crypto War At the Bitcoin Nashville conference in July, President Trump vowed to remove Gensler “on day one” if elected. A new SEC chair is expected to bring in revised regulations, allowing crypto companies to register and comply without facing immediate lawsuits. According to Jack Inglis, CEO of the Alternative Investment Management Association, this shift under Trump and a new Congress could offer a “much more constructive” approach to crypto regulation. Read Also: XRP Lawyer John Deaton Defeated in Massachusetts Senate Race, Crypto Community Urges Trump to Appoint Him as SEC Chair New Leadership Could Foster a Pro-Crypto Environment A change at the SEC could mean a reduced focus on lawsuits and enforcement, creating a friendlier regulatory environment for crypto companies. Nate Geraci, president of ETF Store, even joked about Gensler potentially joining a crypto firm post-Trump’s inauguration. Meanwhile, former SEC enforcement director William McLucas criticized Gensler’s reliance on the Howey Test, arguing it fails to adapt to the unique nature of crypto assets. Coinbase’s chief legal officer, Paul Grewal, also anticipates “significant changes” under a Trump-appointed SEC chair. He believes the new administration will take a “fresh look” at ongoing cases, focusing on apparent scams while distinguishing legitimate companies. Chris Iacovella, President of the American Securities Association, remarked to Bloomberg that the recent election reflects the public desire for a new direction in crypto policy, urging Gensler to step down. Signs of a Shift in the Crypto Market During Gensler’s tenure, leading crypto companies like Ripple, Coinbase, Binance, and Kraken faced intense scrutiny, with lawsuits primarily focused on the SEC’s view of digital assets as securities contracts. As anticipation builds for regulatory changes, crypto markets are already reacting, with Bitcoin reaching a five-month high. Experts and market players are watching closely to see how these shifts in the SEC’s leadership and approach may finally end what has been perceived as a “war on crypto.” The crypto community is hopeful that, with Gensler’s exit, new regulations will emerge that support innovation while protecting investors.
XRP Lawyer John Deaton Defeated in Massachusetts Senate Race, Crypto Community Urges Trump to Appoint Him as SEC Chair
In a significant political event, Senator Elizabeth Warren won re-election in Massachusetts, defeating pro-crypto xrp lawyer John Deaton. Warren’s victory underscores her strong stance on financial regulation, particularly regarding digital assets like cryptocurrency. Warren’s Win and Its Implications for Cryptocurrency Regulation With Warren’s re-election, her influence on financial policies is expected to persist. Known for advocating strict regulation, Warren has consistently criticized digital currencies, calling for enhanced consumer protection and anti-fraud measures in the crypto market. Her new term may enable her to take a significant position on the Senate Banking Committee, where she could champion tighter controls on digital assets. Read Also: BitBoy: Will XRP Overtake Meme Coins in Popularity? Crypto Industry’s Support for Deaton’s Senate Campaign Deaton’s campaign received considerable financial support from the cryptocurrency sector, raising $2.6 million from critical figures and firms, including Ripple CEO Brad Garlinghouse. His platform aimed to counter perceived regulatory overreach on digital assets, representing a rallying point for those opposing the SEC’s restrictive stance on crypto. Despite his loss, Deaton’s advocacy highlighted the industry’s demand for a regulatory approach that supports digital innovation. Deaton’s Role as a Leading XRP Advocate and Ripple Lawyer As a lawyer and vocal advocate for XRP, Deaton has defended Ripple and XRP holders against the SEC’s efforts to classify XRP as a security. His legal arguments have focused on preventing XRP from falling under securities law, a significant point in ongoing regulatory debates. Following his Senate race defeat, speculation has grown about Deaton potentially serving in a federal position to advance pro-crypto policies, possibly as SEC chair. Calls for Deaton’s Appointment as SEC Chair Since Deaton’s loss, crypto enthusiasts have encouraged former President Donald Trump to consider appointing Deaton as SEC chair. This movement reflects the community’s dissatisfaction with current SEC Chair Gary Gensler, whose policies are viewed as overly strict on the digital asset industry. Advocates believe that Deaton’s appointment could bring a balanced approach to the SEC, fostering crypto innovation while ensuring consumer protection. Warren’s Re-Election and the Future of Crypto Regulation Warren’s continued role in the Senate may have lasting effects on U.S. crypto regulations. Her influence on the Senate Banking Committee could lead to new legislation that imposes more stringent oversight on digital currencies. This outcome may intensify the divide between the crypto community’s decentralized ideals and the federal government’s regulatory approach. The Fight for Pro-Crypto Representation Moves Forward Although Deaton’s loss is seen as a setback for pro-crypto voices, it has strengthened the crypto industry’s presence as a political force. The community’s calls for Deaton’s appointment to the SEC signify a shift toward actively pursuing representation that supports a balanced regulatory environment. As crypto regulations continue to take shape in Washington, the industry will likely seek leaders who promote innovation within a stable, consumer-friendly framework.
Dogecoin Hits $0.2 Milestone While TRUMP Surges by 25% – What’s Next for These Tokens?
Dogecoin has seen a significant rally, closely following Donald Trump’s momentum in the presidential race. Additionally, Bitcoin trading volume has spiked, reaching over $81 billion, nearly doubling from the previous day and achieving a new all-time high of $75,000. With this surge, Dogecoin briefly overtook XRP, ranking as the 7th largest cryptocurrency by market cap. Meanwhile, MAGA (TRUMP) has experienced a steep upswing with a sharp increase in trading volume. Where Dogecoin and TRUMP Could Head Next Dogecoin’s price has rallied by nearly 30% from the October lows, maintaining a steady upward trend. Trading volume has surged over 200%, hitting close to $10 billion for the first time since the 2021 bull run. This influx of volume positions Dogecoin for a strong breakout above its long-standing trend line. source: Trading view The recent price movement allowed Dogecoin to break through a multi-year descending trend line, echoing the 2021 parabolic rally. If a similar pattern follows, Dogecoin could potentially surpass the $1 mark within the coming months. Currently, the RSI is climbing and approaching the overbought zone, indicating potential for sustained upward momentum. Read Also: Dogecoin Signals Bull Run with key support: price target revealed source: Trading view TRUMP Token Sees Volume Spike, Approaching Key Resistance Levels TRUMP has also experienced a volume increase, pushing it close to a critical resistance level. The token is attempting to enter a crucial ascending triangle as recent price gains lifted it from consolidation around $3.3. However, bears are working to contain the price below $4.5, resulting in a power struggle with the bulls. https://twitter.com/acinemaboy/status/1853516056528036321?t=NN_MYrtlrnQkyfraeKAeXg&s=19 Despite this, TRUMP’s technical indicators have turned bullish. The RSI has risen above its average, and the MACD is nearing a bullish crossover. Given these conditions, MAGA (TRUMP) is expected to rise beyond $5, potentially setting the stage for further gains toward double-digit figures.
BitBoy: Will XRP Overtake Meme Coins in Popularity?
In a recent analysis, crypto influencer Ben Armstrong, widely known as “BitBoy,” boldly predicted that XRP could soon replace meme coins as the main attraction for retail investors. Armstrong suggested that XRP may attract significant capital flows, shifting interest away from meme coins in the upcoming cycle. In a video, Armstrong shared, “XRP will take over the role of meme coins in the next cycle. It sounds wild, but that’s where the money could flow.” This statement has sparked debates within the crypto community about XRP’s potential as a utility-driven asset compared to speculative meme tokens. Read Also: Massive 200 Billion SHIB Acquisition: Is Gemini Positioning for a Market Shift? Legal Success Sparks New Interest in XRP Armstrong’s prediction comes with a renewed interest in XRP, primarily due to Ripple’s recent legal victory against the U.S. Securities and Exchange Commission (SEC). The SEC had claimed that XRP was a security, creating uncertainty around its trading within the U.S. market. The favourable outcome has validated XRP’s non-security status, drawing renewed attention from investors. Armstrong’s comments further amplify this interest, suggesting a shift from meme coins toward XRP could alter the crypto market landscape. According to Armstrong, reallocating funds from meme coins to XRP could redefine market dynamics. Meme coins like Dogecoin and Shiba Inu have previously attracted significant attention with their volatile nature and community-focused narratives. However, Armstrong believes the market may soon favour digital assets with real-world applications and institutional backing, like XRP. Could XRP Surpass Ethereum by 2025? Adding to this ambitious outlook, Armstrong has also suggested that XRP may overtake Ethereum to become the second-largest cryptocurrency by 2025. In a post on X, he pointed out that XRP once held this rank briefly in January 2017. Though XRP’s position as the second-largest cryptocurrency was short-lived, Armstrong speculates that recent developments could position XRP to challenge Ethereum’s current standing. Ripple’s efforts to build partnerships with global financial institutions could boost liquidity and adoption, increasing XRP’s relevance in cross-border payments. While Ethereum’s dominance comes from its dApp ecosystem and smart contract functionality, Armstrong argues that XRP’s role as a bridge currency might make it more influential within the global financial sector. Ripple’s approach of marketing XRP as a payment solution rather than a speculative asset could attract institutional investors seeking blockchain benefits without high volatility risks. Future of Meme Coins and XRP’s Utility Potential As the next market cycle approaches, Armstrong’s predictions have fueled discussions on the future of meme coins and XRP’s role as a utility asset. Meme coins, known for their price swings driven by social media, may struggle if investors begin seeking assets with practical applications. XRP’s non-security status could be a foundation for broader adoption, primarily if regulatory clarity draws in more conservative investors who previously avoided high-risk meme coins.
Massive 200 Billion SHIB Acquisition: Is Gemini Positioning for a Market Shift?
In a major move, Gemini has added 200 billion Shiba Inu (SHIB) tokens, worth about $3.39 million, to a new multisignature custody wallet. This new wallet, created just 18 days ago, has rapidly amassed a variety of altcoins, highlighting Gemini’s strategic positioning in the altcoin space. In addition to SHIB, the wallet holds significant amounts of other assets like Ethereum (ETH), Chainlink (LINK), and PEPE tokens, showing Gemini’s commitment to building a diversified portfolio for its clients. Altcoin Holdings in Gemini’s New Wallet The new Gemini wallet, labeled “0xc96,” holds 42,000 ETH, valued at approximately $103.8 million. This substantial holding in Ethereum further underscores Gemini’s emphasis on established cryptocurrencies alongside its recent acquisition of meme-inspired tokens. Alongside ETH, the wallet contains 350,000 LINK tokens, worth $3.77 million, and an impressive 400 billion PEPE tokens valued at around $3.29 million. These assets, stored in a single wallet, demonstrate Gemini’s robust custodial services and its active interest in maintaining a broad range of crypto assets. Increased Institutional Interest in Shiba Inu (SHIB) The acquisition of 200 billion SHIB tokens signals rising institutional interest in Shiba Inu. Initially launched as a playful alternative to Dogecoin (DOGE), SHIB has evolved into a significant community-driven project. With a loyal following and increasing adoption in the crypto community, SHIB appeals to both new and existing investors. By securing such a large quantity of SHIB, Gemini has shown confidence in SHIB’s potential, potentially making it more attractive for other institutional players. Gemini’s Commitment to Custodial Services Founded by the Winklevoss brothers in 2014, Gemini remains a major force in the cryptocurrency world. The exchange currently manages assets worth $6.05 billion and sees an average daily trading volume of $53.98 million. By consolidating millions of dollars in altcoins into its new wallet, Gemini appears to be strengthening its custodial offerings. This move aims to secure popular assets and provide investors with the assurance of Gemini’s advanced custodial infrastructure. Read Also: Dogecoin Signals Bull Run with Key Support: Price Target Revealed! Gemini’s decision to actively accumulate altcoins, including 200 billion SHIB, highlights its strategic commitment to expanding its altcoin custody services. By aligning with community-focused projects like SHIB, Gemini not only supports emerging crypto assets but also attracts a broader audience of investors. This active accumulation of assets indicates Gemini’s long-term vision for growth and its role in providing secure, diversified investment options for the future.
