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Ethereum has slipped to a key support zone near $1,800 as persistent ETF 
outflows, geopolitical uncertainty, and a bearish technical breakdown keep 
traders on the defensive. According to data from crypto.news, Ethereum (ETH) 
price was trading around $1,875 at press…

Ethereum has slipped to a key support zone near $1,800 as persistent ETF outflows, geopolitical uncertainty, and a bearish technical breakdown keep traders on the defensive. According to data from crypto.news, Ethereum (ETH) price was trading around $1,875 at press…

Ethereum tests $1,800 support as ETF outflows mount, can bulls defend it?

The UK Financial Conduct Authority has warned football clubs that sponsorship 
deals with unauthorised crypto firms could expose fans to financial harm while 
creating legal, money laundering and reputational risks for clubs. According 
to the FCA, it has written to…

The UK Financial Conduct Authority has warned football clubs that sponsorship deals with unauthorised crypto firms could expose fans to financial harm while creating legal, money laundering and reputational risks for clubs. According to the FCA, it has written to…

UK FCA warns Premier League clubs over crypto sponsorship risks

Bitwise says crypto has become a contrarian bet as AI stocks pull investor 
attention and traders focus more on fundamentals.

Bitwise says crypto has become a contrarian bet as AI stocks pull investor attention and traders focus more on fundamentals.

AI stocks are draining crypto’s momentum, Bitwise warns

El Salvador is buying the dip again as bitcoin slides as low as $65,700, with 
the Central American nation’s strategic reserve now holding roughly 7,600 BTC 
worth more than $510 million. A Familiar Playbook on a Red Day As bitcoin 
dropped under $66,000 this week, El Salvador leaned into the slide rather than 
away from […]

El Salvador is buying the dip again as bitcoin slides as low as $65,700, with the Central American nation’s strategic reserve now holding roughly 7,600 BTC worth more than $510 million. A Familiar Playbook on a Red Day As bitcoin dropped under $66,000 this week, El Salvador leaned into the slide rather than away from &#8230;

El Salvador Buys the Dip as Bitcoin Slides Under $66,000, Reserve Nears 7,600 BTC

The Shiba Inu burn initiative has existed for a number of years now, a move 
that was created to help reduce the massive supply of the meme coin. 
Initially, this initiative drew a lot of attention, with investors burning 
thousands of dollars worth of SHIB daily and removing billions in SHIB from 
the circulating supply. However, as the market has moved into another bear 
market, Shiba Inu has suffered, and the burn initiative has slowed to almost a 
stop. Shiba Inu Burns Drop To Only Hundreds Of Dollars As shown on the 
Shibburn website, which is the official tracker for the amount of SHIB tokens 
burned daily, the SHIB burn rate has dropped drastically. The website shows 
that over the last week, around an average of $10 worth of tokens have been 
burned daily, meaning only a tiny amount of tokens are being taken out of 
circulation. Related Reading: Why The Bitcoin Price Won’t Hit $100,000 Again 
This Year The seven-day figures come out to just over $100 worth of tokens 
burned, which means that only around 20 million SHIB tokens were taken out of 
circulation, according to current prices. The 30-day figures also show how 
much the burn rate has slowed, with less than $1,000 worth of tokens burned in 
one month, or around 144 million SHIB. While the token figures burned, coming 
out to the millions, may seem impressive, it is barely a drop in the ocean of 
what the total SHIB supply is. Official channels show a total supply of just 
over 589 trillion tokens. Out of this, 410.8 trillion tokens have been burned, 
courtesy of Ethereum founder Vitalik Buterin, starting the first recorded SHIB 
burn with 410 trillion tokens sent to the burn wallet. Taking into account the 
total amount of burned tokens, it now leaves 585.56 trillion tokens left in 
circulation. This means that the 144 million burned in the 30-day period is 
near negligible to the total circulating supply. As a result, there is likely 
not going to be any significant reduction to the SHIB supply anytime soon. 
Related Reading: Analyst Says This Dogecoin Chart Is Too Dangerous To Ignore – 
Here’s Why Participation figures from holders mirror just how much the SHIB 
burn initiative has fallen out of favor. The Shibburn website shows an average 
of 3-5 burn transactions recorded daily compared to the tens to hundreds of 
transactions that used to be recorded when the burn first began. As for the 
Shiba Inu price, the meme coin has continued to struggle. According to 
CoinMarketcap, it is down 93% from its 2021 all-time highs. Nevertheless, its 
market cap of $3.1 billion makes it the third-largest meme coin in the market, 
sitting behind Dogecoin and MemeCore. Featured image from Dall.E, chart from 
TradingView.com

The Shiba Inu burn initiative has existed for a number of years now, a move that was created to help reduce the massive supply of the meme coin. Initially, this initiative drew a lot of attention, with investors burning thousands of dollars worth of SHIB daily and removing billions in SHIB from the circulating supply. &#8230;

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