TLDR; Shiba Inu held key support while trading volume surged amid crypto market volatility. Bullish technical patterns indicate Shiba Inu could experience a strong price rally soon. Partnership with UAE government adds significant institutional credibility to Shiba Inu project. Token burn rates soared, creating deflationary pressure that may boost Shiba Inu’s value. Shiba Inu (SHIB) traded with relative steadiness on Friday, capping off a week that saw mixed price action across the broader crypto market. Notably, while Bitcoin experienced notable volatility, SHIB displayed resilience, maintaining crucial support above $0.000015. This price stability was reinforced by a near quadrupling of trading…
Author: Newton Kitonga
TLDR; FIFA is launching its own custom Layer 1 blockchain built on the Avalanche network to enhance digital fan engagement. The new blockchain will support FIFA Collect, migrating NFTs from Algorand and Polygon for faster, cheaper transactions. Avalanche’s high-speed, scalable, and EVM-compatible architecture enables seamless wallet integration and global scalability. This move follows FIFA’s April announcement and signals a broader strategy to embrace Web3 and tokenized fan experiences. FIFA, the world’s football governing body, has officially unveiled plans to launch its own blockchain, built on the Avalanche network. This marks a significant evolution in FIFA’s Web3 strategy, setting the stage…
TLDR; Analyst Egrag believes XRP’s 2017 rally pattern may repeat, driving massive price gains soon. Fibonacci Circle analysis pinpoints critical resistance at $2.70 and $3.00. XRP benefits from SEC lawsuit victory, ending years of regulatory uncertainty. Over 300 banks now use RippleNet for cross-border payments worldwide. Despite Bitcoin (BTC) making headlines this week after reaching a new all-time high, XRP has remained comparatively subdued, trading sideways around $2.3-$2.4 for the past week or so . However, analysts and market observers suggest that XRP could be on the brink of a significant breakout, with projections of gains as high as 1700%…
TLDR; Kraken launches global tokenized Apple and Tesla shares for 24/7 blockchain trading xStocks run on Solana blockchain backed 1:1 by real shares via Backed Finance Other players like INX and Bitpanda offer tokenized stocks and fractional shares Binance previously offered tokenized stocks but halted due to regulatory concerns Crypto exchange Kraken is set to revolutionize access to traditional financial markets with the global rollout of tokenized Apple and Tesla shares beginning late June. The offering will be available across Europe, Asia, Africa, and Latin America, enabling 24/7 trading of major U.S. equities through blockchain. xStocks to Democratize Global Equity…
TLDR; H100 becomes the first public company in Sweden to buy Bitcoin, acquiring 4.39 BTC. The move is part of a long-term plan focused on innovation and financial resilience. Other firms doing the same include Metaplanet, Semler Scientific and Altvest Capital. Bitcoin to continue soaring as Institutional Investments pour in Sweden-based tech company H100 has announced the acquisition of 4.39 Bitcoin, officially becoming the first publicly listed institutions in the country to add BTC to its treasury. First Swedish public company to buy BTC While the company is not widely known on the global stage like Strategy or Tesla, its…
TLDR; Hackers drained $11 million from Cetus DEX on Sui, crashing token prices by 75%. The attacker holds $150M in assets and is moving funds to Ethereum. Cetus paused its contracts with decentralized exchanges Bluefin and Momentum also halted operations. The attack raises fresh DeFi security concerns as crypto exploits exploits top $1.7B in 2025 Even as the world celebrated Bitcoin Pizza Day dark clouds loomed over the DeFi space as a major exploit rocked the Sui blockchain. SUI’s Cetus DEX Exploited On May 22, hackers drained $11 million from Cetus, the leading decentralized exchange (DEX) and liquidity protocol on…
TLDR; Solana Mobile will launch its second crypto smartphone in August with over 150,000 pre-orders already placed. The company is introducing SKR, a native token to power its decentralized mobile ecosystem and reward users and developers. A new decentralized architecture called TEEPIN will secure the platform using cryptographic access and a network of Guardians. Seeker includes Web3 features like Seed Vault, Solana dApp Store, and the exclusive Seeker Genesis token for ecosystem perks. Solana Mobile has announced the upcoming launch of its native SKR token and the highly anticipated Seeker cryptocurrency smartphone, scheduled for release in Q3 2025 The company says this…
TLDR; ETH continues to trade with low volatility this week despite BTC soaring ahead. Ethereum exchange reserves hit record lows, signaling strong investor accumulation. Pectra upgrade increased Ethereum’s Realized Cap by $3.8 billion recently. Analysts share reasons why Ethereum breakout may lead to $10,000 Despite its big brother Bitcoin (BTC) soaring above $110,000 in its latest rally to a new all-time high, Ethereum (ETH) has lagged behind, inching forward at a more measured pace. Notably, for about a week now, ETH has been hovering in the $2,500–$2,600 range, but market dynamics are shifting fast. According to CoinMarketCap data, Ethereum’s 24-hour…
TLDR; SafeMoon CEO Braden Caroni found guilty of stealing millions from investors faces up to 45 years in prison Other crypto leaders like Mashinsky and Unicoin execs face serious charges as government cracks down on fraud SEC Chair Atkins wants clear rules, criticizing past harsh enforcement fraud prosecutions continue Braden John Caroni, the CEO of troubled DeFi project SafeMoon, is facing a potential prison sentence of up to 45 years following his conviction on multiple charges of cryptocurrency fraud. On Wednesday, a federal jury in New York delivered the verdict , finding Caroni guilty of conspiracy to commit securities fraud,…
TLDR Hacker who stole over $300 million from Coinbase users has started laundering the funds using decentralized exchanges. The attacker converted $42.5 million in Bitcoin to Ethereum via Thorchain, then sold $22M in ETH for stablecoins. ZachXBT received a mocking message and meme from the hacker on-chain. The December 2024 data breach reportedly affected 69,461 users, with up to $400M in damages. The cybercriminal responsible for one of the most devastating heists in recent crypto history has begun laundering stolen assets, according to blockchain investigators. Hacker is Using Thorchain The attacker, who is believed to have siphoned off more than…