Josh Stevens, VP of Engineering at Polymarket, denied reports indicating that 
the prediction market platform would shift to a model requiring full customer 
ID for its operations. Kalshi’s Head of Enforcement, Robert J. DeNault, called 
Polymarket to enhance its compliance policies, as insiders were “using the 
platform left and right.” Kalshi Criticizes Polymarket’s Compliance Policies: 
[…]

Josh Stevens, VP of Engineering at Polymarket, denied reports indicating that the prediction market platform would shift to a model requiring full customer ID for its operations. Kalshi’s Head of Enforcement, Robert J. DeNault, called Polymarket to enhance its compliance policies, as insiders were “using the platform left and right.” Kalshi Criticizes Polymarket’s Compliance Policies: &#8230;

‘Enough Is Enough’: Kalshi Slams Polymarket Over Alleged Lack of Compliance and KYC

The Shiba Inu (SHIB) price has remained under strong pressure this year as 
weak demand and fading market momentum continue to weigh on the meme coin. 
Beyond the price decline, new data now show that Shiba Inu&#8217;s Open Interest 
(OI) has crashed by more than 30%, while its burn rate has also slowed 
significantly. The decline in these key metrics points to weakening investor 
interest, lower trading activity, and reduced network engagement. Combined 
with Shiba Inu’s ongoing price struggles, these growing bearish signals have 
raised concerns about whether Shiba Inu is losing the strength that once made 
it the second-largest meme coin in the crypto market. Shiba Inu Open Interest 
Crashes As Price Plummets On May 27, data from Coinglass revealed that Shiba 
Inu’s Open Interest had dropped by 6% to $49.4 million, signaling weakness in 
futures activity and a decline in investor confidence in the meme coin. During 
the same period, Shiba Inu’s futures flow plunged by a staggering 190%, with 
outflows reaching $5.6 million, far exceeding the previous inflows of around 
$4.74 million. Related Reading: Shiba Inu Could Stage A Return As 20% Move 
Puts It Ahead Of Bitcoin And XRP In This Metric Notably, this sharp decline 
pushed the net difference to $865,790 in total closed Shiba Inu contracts 
within 24 hours. The heavy outflow also wiped out roughly 156.56 billion SHIB 
tokens from the futures market, underscoring the ongoing decline in 
speculative trading activity. Fast forward to today, Shiba Inu’s Open Interest 
has dropped an additional 5.6% to around $46.44 million. This suggests that 
traders are still closing positions at a rapid pace as bearish sentiment 
continues to dominate the market. The continued decline in leverage activity 
also reflects weakening sentiment among short-term investors, with many 
appearing unwilling to place strong bullish bets on SHIB’s near-term recovery. 
This bearish shift comes as the meme coin’s price experiences prolonged 
volatility and market swings. According to CoinMarketCap’s data, Shiba Inu has 
been on a steady decline throughout this month. Its price has fallen by over 
14% in the last 30 days and by more than 63% year-to-date. At the time of 
writing, the meme coin remains in the red, with its recent price correction 
driven by increased selling pressure and a drop in Bitcoin&#8217;s price. Other 
factors contributing to SHIB’s low price are the broader weakness in the meme 
coin market, which has also affected coins like Dogecoin (DOGE). SHIB Burn 
Rate Dwindles To Surprising Lows Another metric that has surprisingly taken a 
hit is Shiba Inu’s burn rate. According to the meme coin’s burn tracker, 
Shibburn, just $2 worth of SHIB tokens were burned on May 26, highlighting a 
sharp slowdown in activity and adding more pressure to the already bearish 
market. Related Reading: Recent Developments Show Why The Shiba Inu Price 
Keeps Crashing Notably, the Shiba Inu ecosystem is widely known for conducting 
large-scale token burns, with many community members believing that a 
continued decline in supply could create sufficient scarcity to support a 
future price explosion. However, recent on-chain reports now show that this 
usually active burn mechanism has taken a pause. Shibburn also revealed that 
only about $11 worth of tokens were burned over the last 24 hours, 
representing just over 2.05 million SHIB. In the past week, less than $100 
worth of tokens was removed from circulation, indicating weakening interest in 
the meme coin and a clear lack of interest in helping reduce SHIB’s supply. 
Featured image from Adobe Stock, chart from Tradingview.com

The Shiba Inu (SHIB) price has remained under strong pressure this year as weak demand and fading market momentum continue to weigh on the meme coin. Beyond the price decline, new data now show that Shiba Inu&#8217;s Open Interest (OI) has crashed by more than 30%, while its burn rate has also slowed significantly. The &#8230;

Shiba Inu OI Crashes Over 30%, SHIB Burns Grind To A Halt; Is This The End?

Manna&#8217;s drone delivery expansion into the US signals a major shift in global 
logistics dynamics.
The post Bobby Healy: Manna&#8217;s US expansion is driven by favorable regulations, achieving 300,000 deliveries showcases operational readiness, and drone delivery is becoming the consumer default in Europe | TWIST appeared first on Crypto Briefing.

Manna&#8217;s drone delivery expansion into the US signals a major shift in global logistics dynamics. The post Bobby Healy: Manna&#8217;s US expansion is driven by favorable regulations, achieving 300,000 deliveries showcases operational readiness, and drone delivery is becoming the consumer default in Europe | TWIST appeared first on Crypto Briefing.

Bobby Healy: Manna’s US expansion is driven by favorable regulations, achieving 300,000 deliveries showcases operational readiness, and drone delivery is becoming the consumer default in Europe | TWIST

Alexandria&#8217;s revolutionary urban design and intellectual hub status 
transformed it into a commercial and scholarly powerhouse.
The post Toby Wilkinson: Alexander the Great welcomed as a liberator, Alexandria&#8217;s revolutionary urban design spurred commerce, and the Ptolemaic rulers&#8217; text acquisition fueled scholarship | Conversations with Tyler appeared first on Crypto Briefing.

Alexandria&#8217;s revolutionary urban design and intellectual hub status transformed it into a commercial and scholarly powerhouse. The post Toby Wilkinson: Alexander the Great welcomed as a liberator, Alexandria&#8217;s revolutionary urban design spurred commerce, and the Ptolemaic rulers&#8217; text acquisition fueled scholarship | Conversations with Tyler appeared first on Crypto Briefing.

Toby Wilkinson: Alexander the Great welcomed as a liberator, Alexandria’s revolutionary urban design spurred commerce, and the Ptolemaic rulers’ text acquisition fueled scholarship | Conversations with Tyler

SpaceX&#8217;s potential $2 trillion IPO could redefine market expectations amid a 
surge of tech public offerings.
The post Dick Costolo: The tech sector is on the brink of an unprecedented IPO wave, SpaceX could be valued over $2 trillion, and balancing short-term metrics with long-term growth is crucial | Big Technology appeared first on Crypto Briefing.

SpaceX&#8217;s potential $2 trillion IPO could redefine market expectations amid a surge of tech public offerings. The post Dick Costolo: The tech sector is on the brink of an unprecedented IPO wave, SpaceX could be valued over $2 trillion, and balancing short-term metrics with long-term growth is crucial | Big Technology appeared first on Crypto &#8230;

Dick Costolo: The tech sector is on the brink of an unprecedented IPO wave, SpaceX could be valued over $2 trillion, and balancing short-term metrics with long-term growth is crucial | Big Technology

Live comedy&#8217;s irreplaceable value rises as AI struggles to replicate the 
authenticity of human humor.
The post Nate Bargatze: The unique challenges of maintaining comedy routines, why live performances are irreplaceable by AI, and the power of fan engagement in indie films | This Past Weekend appeared first on Crypto Briefing.

Live comedy&#8217;s irreplaceable value rises as AI struggles to replicate the authenticity of human humor. The post Nate Bargatze: The unique challenges of maintaining comedy routines, why live performances are irreplaceable by AI, and the power of fan engagement in indie films | This Past Weekend appeared first on Crypto Briefing.

Nate Bargatze: The unique challenges of maintaining comedy routines, why live performances are irreplaceable by AI, and the power of fan engagement in indie films | This Past Weekend

‘Enough Is Enough’: Kalshi Slams Polymarket Over Alleged Lack of Compliance and KYC

Comments