Day: July 24, 2025

Shiba Inu Price Analysis: SHIB Whales Buy $63.7M After 12% Drop

Key Notes Large SHIB holders accumulated massive positions during the 12% price decline, spending approximately $63.7 million on tokens. The cryptocurrency’s burn mechanism virtually halted with a 93.93% decrease in destroyed tokens over 24 hours. Recovery prospects depend on whether whale investors will take profits at the critical $0.00001558 resistance level. Shiba Inu (SHIB) whales are in a feeding frenzy after the cryptocurrency’s price dropped by more than 12% over a 24-hour trading period. Large holders have purchased over 4.66 trillion coins for around $63.7 million during the dip as…

ETH Core Developer Testifies In Roman Storm Defense As Gov’t Rests Case

Prosecutors in the criminal trial of Tornado Cash co-founder and developer Roman Storm rested their case on Thursday, opening the door for defense counsel to call an Ethereum core developer as its first witness.  According to reporting by Inner City Press on Thursday from the US District Court for the Southern District of New York, Ethereum core developer Preston Van Loon testified in Storm’s defense case, which is expected to last about a week. The developer reportedly described Tornado Cash as a “privacy tool for Ethereum” and said he had…

Anchorage Digital, Ethena Labs Announce GENIUS-Compliant Stablecoin: ENA Surges 20%

Key Notes Historic partnership introduces first federally compliant stablecoin for institutional settlement and cross-border payments. ENA governance token jumped 20% before stabilizing at 5-7% gains with $1.04 billion in trading volume surge. GENIUS Act regulatory framework attracts major banks like PNC and JPMorgan to explore crypto lending opportunities. Anchorage Digital, the first federally chartered crypto bank in the United States, has announced a partnership with Ethena Labs to launch the first stablecoin compliant with the new GENIUS Act. The partnership will bring Ethena’s USDtb stablecoin to the US market under…

CDD Ratio Hits Historic Levels

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Bitcoin has remained trapped in a tight range between $115K and $120K for the past 10 days, signaling an extended phase of price compression. With bulls unable to push the price above the $120,000 resistance, analysts are increasingly warning that a correction may be imminent. The coming days are expected to be decisive, as both technical and on-chain fundamentals point to a potential surge in volatility. Related Reading According to data from CryptoQuant, a key long-term metric—the Monthly Cumulative Days Destroyed (CDD) to Yearly CDD ratio—has reached an anomalously high…

BlackRock Ethereum ETF Hits $10 Billion AUM as ETH Price Eyes $4,000 Breakout

Key Notes ETHA became the third-fastest ETF to reach $10 billion AUM, following BlackRock and Fidelity’s Bitcoin ETFs in record time. The fund doubled from $5 billion to $10 billion in just 10 days, demonstrating accelerating institutional crypto adoption. Ethereum developers propose increasing gas limits from 36 million to 45 million units to improve network throughput and scalability. The iShares Ethereum Trust ETF (ETHA), which BlackRock manages, has successfully surpassed $10 billion in assets under management (AUM). This announcement comes exactly one year after the fund and others, such as…

crypto lobby urges trump to defend open banking as banks push into stablecoins

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A coalition of trade groups representing the crypto, fintech, retail, and restaurant industries is urging President Donald Trump to defend open banking rules under a so-called legal attack by the nation’s largest banks. In a letter sent July 23, organizations including the Blockchain Association, Crypto Council for Innovation, and the Financial Technology Association claim that the US’s most powerful banks are undermining innovation by suing to block the implementation of new open banking rules and imposing “stunning” new data fees on fintech and crypto apps. On July 11, Bloomberg reported…