421.6 Billion SHIB Sold by Mysterious Whale as Price Close to Burning Zero
👌🏻 According to a recently published tweet by the @spotonchain analytics platform, over the past 20 hours, a whale that had held almost half a trillion Shiba Inu meme coins has sold them at a massive loss.In the meantime, the second largest meme-inspired cryptocurrency Shiba Inu has closely approached the level where it can burn the fifth zero in its price.Mysterious whale deposits 421.6 billion SHIB to BinanceThe tweet from the above-mentioned on-chain data source states that the whale has sold a total of 421.6 billion at an average price of $0.000009437. The sale took place both on Binance and DEX (most likely, the Binance DEX in this context) — 311.6 billion Shiba Inu were sold on the Binance exchange and 110 billion SHIB were disposed of through the DEX.Additional data provided by @spotonchain beyond the tweet shows that this mysterious whale purchased these hundreds of billions of SHIB on HTX and Binance in November 2021. Prior to the current sale, the whale had held them for almost 2.5 years.Whale 0x30e allegedly sold 421.6B Shib($3.98M) at ~$0.0₅9437 in the past 6 hours, including:• deposited 311.6B M) to #Binance • sold 110B SDT on DEX.Truly selling now would cause the whale to lose $6.32M (-61.4%) after 2.5 years of holding!… pic.twitter.com/CGfN7CL42g— Spot On Chain (@spotonchain) February 24, 2024In case of a true sale, the analytics platform says, the whale will suffer a massive loss of $6.32 million.SHIB price close to removing zeroToday, the popular meme-themed cryptocurrency SHIB has printed a 3% rise, coming really close to the $0.00001 level, where one zero would be burned.On Tuesday, SHIB came even closer to breaking above that threshold as it reached $0.0000993. Since that, until earlier today, the Shiba Inu meme coin was in an almost 6% decline.At the time of writing this article, Shiba Inu is changing hands at $0.00000962 on the Binance exchange.SHIB burns stage riseShibburn transaction tracker spreads the word about a recent increase in the SHIB burn rate. It is marginal, though — 55.12% with a total of 52,059,153 SHIB transferred to unspendable wallets with a zero chance of withdrawal. The largest burn here took place six hours ago, sending 42,058,800 SHIB to a dead-end blockchain address. The second-largest one carried 9,992,557 SHIB.On Friday, the daily increase in SHIB burns comprised a whopping 8,512% with 86.1 million meme coins transacted to the zero SHIB addresses. .#TrendingTopic #Write2Earn #BTC #ETH
- *XRP vs. SOL Trading Volume*: XRP has overtaken Solana in spot trading volume, a remarkable shift from Solana's previous dominance of up to 80%. - *Regulatory Clarity*: The SEC's withdrawal from its case against Ripple Labs sparked a 13% surge in XRP's price, reigniting hopes for ETF approval. - *ETF Prospects*: Analysts see XRP's newfound legal clarity as boosting its chances for an ETF approval in 2025.
Market Performance - XRP's current price is $3.32, with an 8.25% percent change. - XRP futures saw significant trading volumes on CME in July 2025, hinting at growing institutional interest . #xrp #sol #Write2Earn #binanceturns8 #USFedBTCReserve $XRP $SOL
China's financial regulators have told local brokerages and research bodies to stop promoting stablecoins due to concerns about fraud and risks associated with these fast-growing digital assets. This move comes despite speculation that China might be softening its stance on crypto, especially with Hong Kong pushing to become a digital asset hub and introducing new legislation for stablecoin issuers.
Key Details on China's Stablecoin Crackdown - *Reason for Crackdown*: Regulators are worried that stablecoins could be used for fraudulent activities on the mainland. - *Scope of Directive*: Brokers and think tanks were instructed in late July and early August to cancel seminars and stop distributing research on stablecoins. - *Contrasting Approach in Hong Kong*: Hong Kong has granted licenses to 11 crypto exchanges and 44 digital asset trading firms, including some Chinese state-backed entities.
Context on China's Crypto Stance China maintains a blanket ban on crypto-related transactions, but over-the-counter (OTC) crypto trading remains active, with volumes reaching an estimated $75 billion in the first nine months of 2024. This crackdown on stablecoin promotion reinforces China's strict control over digital assets within its borders .
Here are some of the top breaking news stories for today, August 8, 2025:
- *US-Venezuela Tensions*: The U.S. has placed a $50 million bounty on Venezuelan President Nicolás Maduro, accusing him of narco-terrorism and massive corruption (earlier news). - *China Slams US on Tariffs*: The Chinese ambassador to India criticized the U.S. as a "bully" after President Donald Trump doubled down on tariffs against India, escalating duties to 50% due to India's Russian oil imports. - *India-Mauritius Cooperation*: India handed over 10 electric buses to Mauritius as part of development cooperation efforts. - *Putin-Trump Meeting*: US President Donald Trump and Russian President Vladimir Putin have agreed to meet in the coming days, according to a Kremlin aide. - *Ajit Doval Meets Putin*: India's National Security Adviser Ajit Doval held talks with Putin in Moscow. - *Gaza Starvation Crisis*: Over 2 million people in [8/8, 5:09 PM] Meta AI: Binance is teaming up with Spanish bank BBVA to offer off-exchange asset custody for institutional clients. This partnership aims to boost investor confidence, especially after the FTX collapse in 2022. Here's what's happening: - *Off-Exchange Custody*: BBVA will hold client funds in U.S. Treasuries, which Binance accepts as trading margin. - *Enhanced Security*: This setup ensures assets remain segregated and bankruptcy-remote, addressing counterparty risks. - *Regulatory Context*: The partnership comes as Binance navigates global regulatory scrutiny, including a $4.3 billion U.S. fine in February 2025 for anti-money laundering violations. - *BBVA's Crypto Expansion*: BBVA has been expanding its crypto services in line with growing demand and clearer regulations in the U.S. and EU. The bank launched crypto trading for retail clients in Spain in March 2025.
🚨🔥 BREAKING NEWS 🔥🚨 US Federal Reserve New Chair Update As of August 8, 2025, Jerome Powell remains the Chair of the U.S. Federal Reserve, with his term set to expire in May 2026. However, there are developments suggesting a potential change in leadership soon.
- *Current Situation*: Jerome Powell has been serving as Fed Chair since February 2018 and was confirmed for a second term starting in May 2022. - *Upcoming Appointment*: President Donald Trump is set to announce his nominee for the Federal Reserve Chair in the coming days, following Governor Adriana Kugler's early resignation and tensions with current Chair Jerome Powell. - *Potential Candidates*: With Treasury Secretary Scott Bessent declining the nomination, Trump has narrowed down the list of potential candidates. Names like Christopher Waller, Kevin Hassett, and Kevin Warsh are being considered for the role ¹ ².
Implications of a New Fed Chair A change in Fed leadership could impact U.S. monetary policy, particularly regarding interest rates and inflation management. Trump's administration has been pushing for lower interest rates, which could influence the direction of monetary policy under a new chair ¹.
🚨 The U.S. has indeed placed a $50 million bounty on Venezuelan President Nicolás Maduro. This was announced by the Trump administration on August 7, 2025, accusing Maduro of narco-terrorism and massive corruption.
Details on the Bounty - *Accusations*: Maduro is accused of using foreign terrorist organizations like Tren de Aragua and the Sinaloa Cartel to bring deadly drugs into the U.S.. - *Previous Bounty*: The reward was doubled from $25 million, which was set earlier this year. - *Charges*: Maduro faces federal drug trafficking charges, including conspiracy with narcoterrorism, drug trafficking, cocaine import, and weapons use in support of trafficking-related crimes .
Context - The U.S. Department of Justice has seized 30 tons of cocaine linked to Maduro and his associates. - Maduro's regime has been accused of engaging in "asymmetric warfare" against the U.S. by trafficking cocaine into the country. #CryptoIn401(k) #Write2Earn #TRUMP #USFedBTCReserve #BuiltonSolayer $TRUMP
In Pakistan, bank accounts are getting blocked due to P2P (peer-to-peer) crypto trading mainly because of the country's unclear regulations around cryptocurrencies. Here's what's happening:
Reasons for Bank Account Blocks - *Suspicious Transactions*: Banks flag transactions related to crypto trading on P2P platforms like Binance as suspicious because cryptocurrency isn't fully regulated in Pakistan. - *Regulatory Concerns*: The State Bank of Pakistan asks banks to monitor and report crypto-related transactions, leading banks to be cautious. - *Fraud Prevention*: Banks want to protect customers from potential scams and fraudulent schemes common in the crypto market .
Impact on Users - Accounts can get frozen or money held for 30 to 90 days while banks investigate. - Over 11,000 bank accounts were frozen in Pakistan in 2024 due to crypto-related risks. - Only 15% of those accounts were restored .
Ways to Minimize Risks - *Use Verified Accounts*: Only trade with verified accounts on platforms like Binance. - *Complete KYC Checks*: Ensure buyers and sellers complete Know Your Customer checks. - *Avoid Large Transfers*: Minimize large or frequent transfers from unknown sources. - *Keep Transaction Records*: Document all trades .
Bitcoin's price surged past $117,000 after President Donald Trump signed two executive orders on August 7, 2025. These orders are game-changers for the crypto market, particularly for Bitcoin. Here's what's happening : - *401(k) Crypto Inclusion*: Trump's first order allows retirement accounts (401(k)s) to invest directly in cryptocurrencies like Bitcoin. This could unlock a massive influx of capital into the crypto market, potentially driving prices up. - *Ban on Ideological Debanking*: The second order prohibits banks from denying services to businesses or individuals based on their political or religious beliefs. This aims to prevent "Operation Chokepoint 2.0" and ensure fair access to banking for crypto companies.
As a result of these orders: - Bitcoin's price jumped to $117,000 with a 1.92% increase in 24 hours. - Trading volume hit $61.71 billion. - Ethereum also saw gains, up 5% to $3,863.
Industry reactions are mixed but largely positive. Senator Cynthia Lummis praised Trump's moves, saying they protect the Bitcoin and digital asset industry. Some in traditional finance express concerns over the "debanking" clause .
has actually granted its first license for the sale of cryptocurrency options, allowing institutional clients to trade derivatives tied to Bitcoin under a regulated framework 🚀. This license was given to Laser Digital, a digital assets subsidiary of Japan's Nomura Bank. Here's what's important about this move :
Key Details on Dubai's Bitcoin Options Approval - *First License for Crypto Options*: Dubai's Virtual Asset Regulatory Authority (VARA) approved the license for over-the-counter crypto derivatives. - *Institutional Access*: The license allows institutional clients to trade vanilla Bitcoin options under a regulated framework following international standards like ISDA contracts. - *Impact on Bitcoin Pricing and Liquidity*: Regulated crypto options can enhance price discovery, enable risk management, and expand institutional participation.
Why This Matters Dubai's decision aligns with its strategy to become a global center for digital assets. This move could influence global rules and bring more structure to Bitcoin's pricing in the Middle East time zone 🌍. Other jurisdictions like the U.S., Singapore, and Switzerland are also integrating crypto derivatives into mainstream finance . #CryptoIn401(k) #Write2Earn #BinanceTurns8together #IPOWave #BTCUnbound $BTC
💥🔥 SharpLink Gaming is making a big move in the Ethereum space! They're securing $200 million from institutional investors to boost their Ethereum treasury past the $2 billion mark 🔥. This strategic move comes after Sharp Link recently acquired 83,561 ETH for $304 million, bringing their total Ethereum holdings to 521,939 ETH worth almost $1.9 billion at current prices 💰.
Key Details on Sharp Link's Move Funding: Sharp Link raised $200 million through a registered direct offering of common stock at $19.50 per share. Purpose: The capital will be used entirely to expand Sharp Link's Ethereum reserves. Impact: This boost is expected to push Sharp Link's Ethereum treasury value beyond $2 billion. - *Strategy*: Sharp Link describes Ethereum as an "infrastructure reserve," betting on the utility layer of decentralized finance 📈.
Sharp Link's CEO Joseph Chalom says they're proud to be joined by globally-recognized institutional investors, validating their mission to be the world’s leading ETH treasury 🚀.
Sharp Link Gaming is making a big move in the Ethereum space! They're securing $200 million from institutional investors to boost their Ethereum treasury past the $2 billion mark 🔥. This strategic move comes after SharpLink recently acquired 83,561 ETH for $304 million, bringing their total Ethereum holdings to 521,939 ETH - worth almost $1.9 billion at current prices 💰.
Key Details on Sharp Link's Move Funding: Sharp Link raised $200 million through a registered direct offering of common stock at $19.50 per share. Purpose: The capital will be used entirely to expand SharpLink's Ethereum reserves.
Impact: This boost is expected to push SharpLink's Ethereum treasury value beyond $2 billion. Strategy: SharpLink describes Ethereum as an "infrastructure reserve," betting on the utility layer of decentralized finance 📈.
SharpLink's CEO Joseph Chalom says they're proud to be joined by globally-recognized institutional investors, validating their mission to be the world’s leading ETH treasury 🚀. #CryptoIn401(k) $ETH
[8/7, 8:36 PM] Meta AI: 🔥 Binance Charity is stepping in to help victims of the recent floods in southern Taiwan! They're airdropping up to $1.2 million in BNB to users affected by the devastating floods.
Details of the Airdrop - *Eligible Areas*: Users residing in Changhua, Yunlin, Chiayi, Tainan, and Kaohsiung are eligible for the aid. - *Airdrop Amounts*: - *$80 in BNB* for verified users in affected areas who completed proof-of-address (POA) verification before August 7, 2025. - *$30 in BNB* for the first 15,000 users in affected zones who complete POA verification between August 7 and August 20, 2025. [8/7, 8:36 PM] Meta AI: 🔥 Binance Charity is stepping in to help victims of the recent floods in southern Taiwan! They're airdropping up to $1.2 million in BNB to users affected by the devastating floods.
Details of the Airdrop - *Eligible Areas*: Users residing in Changhua, Yunlin, Chiayi, Tainan, and Kaohsiung are eligible for the aid. - *Airdrop Amounts*: - *$80 in BNB* for verified users in affected areas who completed proof-of-address (POA) verification before August 7, 2025. - *$30 in BNB* for the first 15,000 users in affected zones who complete POA verification between August 7 and August 20, 2025. - *Distribution*: Funds are scheduled to be distributed starting August 14, 2025.
Binance's Commitment to Humanitarian Aid Binance CEO Richard Teng expressed solidarity with the affected communities, stating, "We hope this donation will provide timely and meaningful assistance." Binance Charity has a history of providing aid during crises in Taiwan, Turkey, Argentina, Thailand, Myanmar, and Europe .
Would you like me to look into more news on Binance Charity's humanitarian efforts or provide info on BNB's current market performance?
🔥 Breaking News! The White House confirms that President Donald Trump is set to sign an executive order today regarding 401(k)s. According to reports from Bloomberg, this executive order would allow alternative assets like *cryptocurrencies*, *private equity*, and *real estate* to be included in 401(k) retirement plans 🚀.
Key Details of the Executive Order: - *Opening Up Retirement Savings*: The order aims to open up America's $12.5 trillion 401(k) market to alternative assets. - *Easing Restrictions*: It directs the Department of Labor to reevaluate existing guidance under the Employee Retirement Income Security Act of 1974 (ERISA) that discouraged including alternative assets in 401(k) plans. - *Regulatory Coordination*: Trump will ask the Labor Secretary to work with the Treasury Department, Securities and Exchange Commission (SEC), and other agencies on potential rule changes.
Implications: - *New Investment Options*: This could transform how Americans save for retirement by allowing investments beyond traditional stocks and bonds. - *Increased Risks and Opportunities*: Experts warn of increased risks and potential legal challenges alongside new investment opportunities for retirement savers .
Latest Update on Trump Tariffs on India US President Donald Trump has doubled tariffs on India to *50%*, citing India's purchase of Russian oil as a national security concern. This decision was made via an Executive Order on August 6, 2025.
Key Details - *Tariff Increase*: An additional 25% tariff on top of the existing 25%, making India's tariffs the highest among countries like China (30%) and Pakistan (19%). - *Effective Date*: The new tariffs will take effect on *August 27, 2025*. - *Impact*: Could make Indian goods *40-50% costlier* in the US, significantly reducing India's exports to America.
Reactions - *India's Response*: India calls the move "unfair, unjustified, and unreasonable" and vows to take necessary actions to safeguard national interests and economic security. - *Business Impact*: Indian exporters say they can't absorb such high tariffs, affecting nearly *55% of shipments* to the US market .
XRP whale flows have turned negative again, meaning large holders ("whales") are offloading their tokens. This trend is similar to what happened in January and February 2024 before a significant price correction for XRP. Since July 9, whales have distributed over *640 million XRP*, worth approximately $1.91 billion .
Key Implications for XRP Price - *Price Pressure*: Analysts say this distribution could lead to short-term price pressure. - *Critical Support Level*: XRP needs to hold above $2.65 to avoid a potential 30% crash toward $2. - *Bearish Divergence*: There's a growing bearish divergence between rising prices and falling momentum on weekly charts.
What Analysts Say - If whales continue to exit, it places further stress on key support levels. - Without consistent accumulation from large holders, XRP's market may remain structurally weak .
XRP's current price is $3.06, up 3.91% today. Will XRP hold up despite whale distribution? We'll have to keep an eye on those whale flows and the $2.65 support level .
Union Jack Oil JV to Mine Bitcoin Using On-Site Gas at West Newton
The post Union Jack Oil JV to Mine Bitcoin Using On-Site Gas at West Newton appeared first on Coinpedia Fintech News
UK-listed Union Jack Oil, along with joint venture partners including Reabold Resources, has signed a non-binding letter of intent with Texas-based 360 Energy to start Bitcoin mining at the West Newton gas field. The project plans to use natural gas found on-site to power Bitcoin mining data centers. This approach aims to turn stranded gas into energy for crypto production, offering a new way to monetize resources and create a Bitcoin treasury.
The price is moving within an ascending channel on the 1-hour frame, adhering well to it, and is on track to break it strongly upwards and retest it.
We have support from the lower boundary of the ascending channel, at 114200.
We have a downtrend on the RSI indicator that is about to break and retest, supporting the upside.
There is a major support area in green at 114000, which represents a strong basis for the upside.
Don't forget a simple thing: ease and capital. When you reach the first target, save some money and then change your stop-loss order to an entry order.
For inquiries, please leave a comment.
We have a trend to hold above the 100 Moving Average.
Entry price: 114700. First target: 115106. Second target: 115537. Third target: 116130. Don't forget a simple thing: ease and capital.
When you reach the first target, save some money and then change your stop-loss order to an entry order.
The price is moving within an ascending channel on the 1-hour frame, adhering well to it, and is on its way to breaking strongly upwards and retesting it.
We have support from the lower boundary of the ascending channel, at 0.890.
We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upside.
There is a major support area in green at 0.900, which represents a strong basis for the upside.
Don't forget a simple thing: ease and capital.
When you reach the first target, save some money and then change your stop-loss order to an entry order.
For inquiries, please leave a comment.
We have a trend to hold above the 100 Moving Average.
Entry price: 0.939 First target: 0.959 Second target: 0.986 Third target: 1.016 Don't forget a simple thing: ease and capital.
When you reach the first target, save some money and then change your stop-loss order to an entry order.
Bitcoin Spot Demand Crashes to $220M as ETF Inflows Decline 25% – Is the Bull Run Dead?
Bitcoin's bull run isn't necessarily dead despite the recent drop in spot demand and ETF inflows. Here's what's going on:
Key Points on Bitcoin's Current State - *ETF Inflows Decline*: Bitcoin experienced a significant selloff in crypto ETFs, with $333 million pulled out of U.S. Spot Bitcoin ETFs in a single trading session. - *Market Reaction*: This decline was partly triggered by weak U.S. employment data and new tariffs, leading to risk aversion in traditional markets. - *Analysts' Views*: QCP Capital analysts say the bullish structure in the market remains intact despite the decline. They suggest dips could be buying opportunities if spot ETF inflows resume and implied volatility declines .
Bitcoin's Price and Support Levels - *Current Price*: Bitcoin is trading around $114,389.99. - *Support Levels*: Critical support levels are around $113,900 and $105,000, with $95,600 serving as a key invalidation point for the bullish wave structure .
What's Next? The market's reaction to Federal Reserve uncertainty, like the resignation of Governor Adriana Kugler, could impact Bitcoin's trajectory. Traders are advised to monitor bond yields and Bitcoin's support levels .
Binance Founder CZ Asks Court to Dismiss $1.76B Clawback Lawsuit Filed by FTX
Binance founder Changpeng "CZ" Zhao is asking a Delaware bankruptcy court to dismiss a $1.76 billion clawback lawsuit filed by FTX. CZ's argument is that the court lacks jurisdiction over him since he's a resident of the United Arab Emirates (UAE) and the transactions in question were conducted by offshore entities .
Key Points in CZ's Defense - *Jurisdiction Challenge*: CZ claims the Delaware court doesn't have jurisdiction over him due to his UAE residency. - *Offshore Transactions*: The transactions were carried out through foreign entities in the British Virgin Islands, Ireland, and the Cayman Islands. - *Brief Business Partnership*: CZ states Binance and FTX were briefly business partners, with Binance once holding a 20% stake in FTX before parting ways.
Background on the Lawsuit FTX filed the lawsuit against Binance and CZ in 2024, aiming to recover $1.76 billion related to a 2021 share repurchase agreement. FTX alleges the transaction [8/6, 1:10 PM] Meta AI: Binance founder Changpeng "CZ" Zhao is asking a Delaware bankruptcy court to dismiss a $1.76 billion clawback lawsuit filed by FTX. CZ's argument is that the court lacks jurisdiction over him since he's a resident of the United Arab Emirates (UAE) and the transactions in question were conducted by offshore entities .
Key Points in CZ's Defense - *Jurisdiction Challenge*: CZ claims the Delaware court doesn't have jurisdiction over him due to his UAE residency. - *Offshore Transactions*: The transactions were carried out through foreign entities in the British Virgin Islands, Ireland, and the Cayman Islands. - *Brief Business Partnership*: CZ states Binance and FTX were briefly business partners, with Binance once holding a 20% stake in FTX before parting ways.
Background on the Lawsuit
FTX filed the lawsuit against Binance and CZ in 2024, aiming to recover $1.76 billion related to a 2021 share repurchase agreement. FTX alleges the transaction was improper, while CZ argues U.S. bankruptcy law doesn't apply to these offshore dealings .
Crypto markets broadly retreated after weaker-than-expected U.S. ISM Non-Manufacturing PMI data heightened stagflation concerns. Bitcoin fell 0.76% to $113,000, while Ethereum dropped 2.43% below $3,600 on early Asian trading hours. XRP is trading at $2.92, 4% down in the past 24 hours. Riskier sectors saw steeper losses, SocialFi plunged 6.04%, NFTs slid 5.56%, and meme coins fell 5.17%. Toncoin, Pudgy Penguins, and Bonk were among the biggest losers. Despite the broader pullback, select assets like Mantle (+8.55%) and Pump.fun (+5.90%) defied the trend, showing sector-specific resilience.