Day: May 6, 2025

Shiba Inu Burn Rate Spikes 656% as SHIB Struggles to Rebound

Key Notes Burn rate increased by 656% with over 16 million SHIB tokens removed from circulation in just 24 hours. Price dropped 3.27%, but trading volume rose 15%, showing active market interest. Long-term holders stay engaged, with over 4.8 trillion SHIB staked as xSHIB. The latest market update disclosed that the Shiba Inu (SHIB) has recently intensified its efforts to reduce the number of circulating tokens. This has led to a noticeable rise in the token’s burn rate.  Per the update, the burn activity has also stirred up mixed reactions…

Is This The Spark? New Bitcoin Metric Points To Bullish Shift

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin dipped marginally after reaching a new peak above $97,000 on May 2. It retreated to just below $94,000, a 3% to 4% decline from its recent high. Although…

CEL Drops 13% After Mashinsky Criticizes Sentencing Outcome

Key Notes CEL jumped to $0.139 before sliding back to $0.103, marking a 13% daily drop. The sell-off coincided with Mashinsky’s legal team condemning the DOJ’s 20-year sentence request. Uncertainty around Celsius continues to weigh on the token’s price momentum. After a major increase on Monday that saw Celsius (CEL) skyrocket 50% from $0.087 to $0.139, the token has now sharply corrected. At the time of writing, the cryptocurrency is trading around $0.103, down by over 13% in the past day. The downturn follows fresh updates surrounding Celsius Network’s disgraced…

AI Coin VIRTUAL Soars 200% — What’s Fueling the Rally?

Key Notes VIRTUAL leads as the most-traded token among institutions, funds, and prominent whales, outpacing other popular tokens like EBTC, LINK, and PEPE. Enthusiasm for the recently launched Genesis launchpad has contributed to VIRTUAL’s momentum. The system employs a “proof of contribution” mechanism, rewarding genuine contributors through activities like staking and supporting AI projects. Virtuals Protocol native cryptocurrency VIRTUAL $1.66 24h volatility: 19.8% Market cap: $1.08 B Vol. 24h: $689.78 M has witnessed a massive 207% rally over the past month, while outperforming the rest of the crypto market. Blockchain…

Bitcoin price forms two BTC futures gaps after Coinbase premium flips negative

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Key takeaways: Bitcoin’s Coinbase premium index turned negative for the first time in 15 days, indicating defensive short-term sentiment among US investors. Bitcoin CME futures gaps between support at $92,000-$92,500 and resistance at $96,400-$97,400 suggest a period of range-bound trading. Bitcoin’s Coinbase premium index, which measures the gap between BTC price at Coinbase Pro and Binance exchange, turned negative after a 15-day positive stint, signaling potential bearish sentiment among US investors. This drop coincides with Bitcoin (BTC) slipping below $94,000, and the premium’s decline suggests reduced buying pressure on Coinbase,…

Bitcoin Drops Below $96K Amid Mounting U.S. Sell Pressure

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Key Notes Riot offloaded $38.8 million in BTC amid miner squeeze. Ali Martinez flags a 3-day chart sell signal, hinting at a possible correction. Coinbase Premium Gap turns negative, reflecting bearish US sentiment. Bitcoin miner Riot Platforms offloaded $38.8 million worth of BTC BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B in April, joining a growing number of miners liquidating holdings. While the firm’s deployed hash rate held steady, its Bitcoin production declined by 13% from March. This highlights how block reward cuts from…

Mexican Billionaire Ricardo Salinas: Investing in Real Estate Is ‘Bullshit,’ Buy Bitcoin Instead

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Ricardo Salinas Pliego, the fifth-largest billionaire in Mexico, has offered major investment advice to his followers on X, which unsurprisingly includes bitcoin. Salinas, who owns TV Azteca and Grupo Electra, advised against real estate investments and encouraged considering bitcoin instead. “Investing in REAL ESTATE is a BAD INVESTMENT!!! Don’t be fooled; real estate is NOT […] Original

Bitcoin miners show no sign of capitulation as structural signals stay positive, Bitfinex says

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Despite macroeconomic uncertainty, Bitcoin miners are showing confidence in further upside, as stable reserves signal their belief in continued market growth. Bitcoin (BTC) miners have shown no significant signs of capitulation, with on-chain data continuing to signal a bullish outlook, analysts at Bitfinex Alpha wrote in a recent research report. They noted that despite macroeconomic turbulence and a 32% drop from Bitcoin’s all-time high in 2024, miner reserves have remained stable. As of May 5, reserves were at 1,808,674 BTC, showing little fluctuation from December 2024 levels, suggesting a cautious…

Research DAO claims paralyzed rats recover after spinal cord fix

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Decentralized autonomous organization (DAO) HydraDAO claims that its researchers were able to use a novel technique to repair severed spines in rats. In a May 5 X post, decentralized science (DeSci) project HydraDAO said that one of its research projects resulted in “rats who had their spines fully transected” being able to walk again. More notably, recovery from surgery reportedly only took five days. Source: HydraDAO The post featured a video of partially shaved (presumably due to surgery) rats walking in what appeared to be a laboratory setting. The effort…

Crypto Daybook Americas: Bitcoin Threatened by Regulation Hiccup, Weakening Demand

By Omkar Godbole (All times ET unless indicated otherwise) As bitcoin (BTC) and the wider crypto market await the Fed’s rate decision on Wednesday, an anomaly has emerged that could weigh heavily on market mood: renewed doubt over the passing of U.S. crypto regulation. Early Tuesday, CoinDesk reported that Senate Democrats are hesitant to push forward landmark stablecoin legislation, citing concerns over President Donald Trump’s growing personal gains from his crypto ventures. When Trump took office, many observers felt crypto regulation would proceed smoothly. Looking back, that optimism was probably…