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binance_id_960821277 Can SHIB price surge 150% as Shiba Inu burn rate rockets over 3,200% Shiba Inu price has been in a strong downward momentum after peaking at $0.0000329 in December last year. Shiba Inu shib-7.13%Shiba Inu has dropped by 61% and crashed to its lowest level since September 5, 2024. This crash has coincided with the overall weakness in the crypto industry, especially meme coins. Most meme coins, including the likes of Dogecoin doge-10.72%Dogecoin, Pepe pepe-11.25%Pepe, and Floki floki-11.94%FLOKI have fallen by double digits. Shiba Inu price has three potential catalysts that may push it higher in the coming days. First, its burn rate has jumped in the past few days. The daily burn rate rose by 3,253% to 29.3 million on March 8. This means that the network has incinerated over 410 trillion coins since its inception, leaving the circulating supply at 584 trillion. A token burn is a mechanism where cryptocurrencies are transferred to an inaccessible address.
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binance_id_960821277 Gemini, backed by Winklevoss twins, taps Goldman Sachs and Citigroup to explore IPO Gemini, the cryptocurrency exchange and custodian founded by billionaire twins Cameron and Tyler Winklevoss, has confidentially filed for an initial public offering (IPO), according to a Bloomberg report. The company is working with Goldman Sachs Group Inc. and Citigroup Inc. to explore the listing, which could take place as soon as this year. The move follows the resolution of regulatory issues, including the closure of a U.S. Securities and Exchange Commission investigation into the exchange, as noted by Cameron Winklevoss in a February post on X (formerly Twitter). Earlier this year, Gemini paid $5 million to settle a lawsuit with the Commodity Futures Trading Commission, a January filing showed. In February, the Winklevoss, brothers were in discussions with bankers about a potential listing, though no final decision had been made at the time. Today, the deliberations are still ongoing.
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binance_id_960821277 Trump spouts false economic claims ahead of crypto summit The White House held its first-ever “crypto summit” on Friday, gathering top execs from digital asset firms to chat about how the Trump administration plans to undo the Biden administration’s regulatory crackdown on crypto. But the attendees reportedly left feeling deflated. Here’s where prices stand over the past 24 hours: CRYPTOCURRENCYPRICEGAINS +/-Bitcoin (BTC) $86,052-0.8%Ethereum (ETH) $2,182+1.5%Solana (SOL) $136-4.3%XRP (XRP) $2.33-2.5%Cardano (ADA) $0.811-0.9%Dogecoin (DOGE) $0.1925-3.5% The event came three days after Trump’s first address to Congress since returning to office, in which he spouted several statements, including one about the economy that doesn’t quite align with the facts. “As you know, we inherited an economic disaster and an inflation crisis from the previous administration,” Trump stated. Here are the facts Gross Domestic Product: Under Trump’s predecessor, Joe Biden, real GDP growth averaged around 3.4% over the first three years, including a 2.5% growth in 2023. Compare that to Trump’s first term: Not counting the Covid-19 pandemic in 2020-, the economy experienced an average annual real GDP growth of approximately 2.5%. By 2020, the pandemic led to a significant contraction and resulted in an overall average annual growth rate of about 1.6% for Trump’s term. Inflation: Trump has claimed that the U.S. has faced “the worst inflation we’ve ever had.” However, that’s inaccurate – inflation last exceeded 9% in 1981, and has been much higher at various points throughout U.S. history. Indeed, prices surged considerably during the initial two years of Biden’s presidency, reaching a high of 9.1% in June 2022. By December 2024, the annual inflation rate was 2.9%.
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binance_id_960821277 ‘I’m convinced she’s still alive’: Where is OneCoin’s Ruja Ignatova after 8 years in silence For eight years, the world has speculated about the fate of Ruja Ignatova: the so-called “Cryptoqueen” who vanished with billions after pitching OneCoin, a classic Ponzi scheme, leaving behind a trail of lies, lawsuits, and a mystery that refuses to die. Crypto.news spoke with those who have dug deep into her story to get their take on where she might be now. Shortly on her background as context: born in May 1980 in Bulgaria, Ruja Ignatova moved to Germany with her family at the age of ten, settling in Schramberg, Baden-Württemberg. She pursued higher education with distinction, earning a doctorate in private international law from the University of Konstanz in 2005. She even had a brief academic stint at the University of Oxford. Before rising to infamy as the “Cryptoqueen,” Ignatova worked at McKinsey & Company as a consultant. However, her business ventures soon took a questionable turn. In 2012, she and her father, Plamen Ignatov, were convicted of fraud in Germany related to the acquisition and subsequent bankruptcy of a firm
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