BTC price is retesting a key support that previously triggered a 25% rally, potentially signaling a repeat move toward new all-time highs for Bitcoin.

Bitcoin dip making ‘perfect bottom,’ says analyst: Will BTC rally to $148K?

In the face of growing market uncertainty, a Shiba Inu developer, Kaal 
Dhairya, has spoken out on X about the project’s internal problem and the 
team’s top priorities. As SHIB begins August with a market dip, slipping 
further down the crypto rankings, and facing growing competition, Dhairya is 
drawing attention to the internal struggles holding the ecosystem back. Shiba 
Inu Primary Challenge Revealed According to Kaal Dhairya, the biggest issue 
holding Shiba Inu back is not the market, but what’s happening inside the 
community, highlighting the ongoing splits slowing down SHIB’s development and 
holding back its progress. He says rather than evaluating projects based on 
their potential benefits to Shibarium and SHIB holders, decision-makers often 
base their choices on personal opinions and bias. Related Reading: Spot 
Ethereum ETFs Set A New Record In July With $5.4 Billion Monthly Inflow 
Dhairya gave a past example to show how things used to be different. He 
mentioned how the K9 project thrived under the support and guidance of trusted 
community members like himself and another developer, Shytoshi Kusama. Back 
then, no one saw it as a scam or a quick cash grab, and the community 
supported it. But now, he says, even legitimate projects get caught in the 
crossfire of personal rivalries and distrust. Individuals who have already 
raised significant amounts of money from the SHIB community or built influence 
under changing identities often drive this tension. He added that while it is 
typical for projects to hire advisors or influencers to promote their tokens 
in return for payment, he believes the SHIB community should aim for something 
better. Dhairya emphasized the need for openness and honesty within the 
community regarding personal gains from promoting or advising a project as 
part of that higher standard. Top Priority: Building Unity And Community 
Governance With the market turning and the cryptocurrency dropping under the 
top 20 in the rankings, Dhairya clarified that the main priority now must be 
unity. Shiba Inu saw a 9% rise in July, but that momentum quickly faded. By 
early August, SHIB had dropped over 2%, falling from a high of $0.00001437 on 
July 28 to a low of $0.0000116 on August 2. The token has now dropped to the 
22nd spot in the crypto rankings, with a market cap of $7.17 billion. Related 
Reading: Ripple Exec Reveals What Will Drive The XRP Price Value Instead of 
being divided by internal arguments, Dhairya wants the community to unite and 
tackle the external challenges, especially in light of SHIB’s recent price 
drop. These include rival projects that have pushed the cryptocurrency out of 
the top 10 and major web3 companies and crypto infrastructures that continue 
to overlook Shiba Inu. He also mentioned centralized exchanges that earn large 
profits from SHIB but do not show the community the respect it deserves. To 
face these outside forces, Dhairya stressed implementing practical decision- 
making tools, eliminating favoritism, and supporting projects that add actual 
value to the ecosystem. The developer also underscored the need to empower 
Shiba Inu’s decentralized autonomous organization (DAO) as the future lies in 
building a fair, community-led system where every “Shibizen” has an equal 
voice. He further suggests a quad-token governance model and adherence to 
ethical guidelines, like the Great Canine Code, to keep leaders accountable 
and prevent misuse of power. Featured image from Unsplash, chart from 
TradingView.com

Shiba Inu Team Member Reveals ‘Primary Challenge’ And ‘Top Priority’ Amid Market Uncertainty

MEI Pharma Inc. has become the first U.S.-listed public company to adopt 
litecoin ( LTC) as a primary reserve asset, deploying $100 million from a 
recent stock sale to acquire 929,548 tokens of the cryptocurrency. Litecoin 
Creator Charlie Lee Joins MEI Pharma’s Board The clinical-stage 
biopharmaceutical company (Nasdaq: MEIP) disclosed the LTC acquisition in an 
[…]

MEI Pharma’s Crypto Treasury Move: 930,000 Litecoin Tokens Acquired

CEA Industries just turned itself into a BNB proxy for institutional 
investors. With ex-Galaxy Digital leadership, $500 million secured and another 
$750 million in potential warrants, the company appears to be betting on 
Binance’s entire ecosystem. In a press release…

BNB crosses the corporate Rubicon in $500m CEA reserve strategy

XLM plunges 23% from yearly high despite network growth and September upgrade 
Stellar Lumens (XLM) was trading at $0.3972 today, August 5, which was about 
97% from its lowest point this year. Stellar transactions and stablecoin 
growth Nansen data shows…

XLM price forms a rare pattern as Stellar transactions jump

Three months into its full Bitcoin mining pivot, Chinese company Cango mined 
450 BTC in July.