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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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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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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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‘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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Red alert for Ethereum as spot ETFs shed $455m in recent weeks

Ethereum sits at a crucial support level as demand for spot exchange-traded funds wanes on Wall Street.
Ethereum eth-6.17%Ethereum, the second-biggest crypto, has stagnated at $2,100 in the past few days. This price is about 47% below the highest level in December and 45% lower than where it was in the same period last year. 
Data shows that Wall Street investors have continued to dump assets. According to SoSoValue, all Ethereum ETFs shed $120 million in assets last week after losing $335 million a week earlier — $455 million in total.
The net inflow in these Ethereum ETFs is $2.7 billion, much lower than Bitcoin’s (BTC) $37 billion. 

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Trump orders Bitcoin reserve, El Salvador defies IMF, ETFs struggle | Weekly Recap

Today’s edition of the weekly recap: President Trump’s executive order for a Strategic Bitcoin Reserve fails to generate substantial interest as ETF outflows continue. Plus, regulators drop investigations involving Kraken, Yuga Labs and Cumberland.
Trump signs executive order
President Donald Trump signed an executive order creating a Strategic Bitcoin 
Bitcoin
btc-3.86%Bitcoin Reserve and a U.S. Digital Asset Stockpile.The reserve will use Bitcoin obtained through federal criminal and civil asset forfeiture proceedings, with White House crypto czar David Sacks explaining on March 7 it “will not cost taxpayers a dime.”The order came just ahead of a White House crypto summit. Various cryptocurrency bigwigs were in attendance.
Solana’s Anatoly Yakovenko is not on board
sol-5.81%Solana co-founder Anatoly Yakovenko is skeptical regarding the U.S. crypto strategic reserve concept. He stated his preference for “no reserve” and warned that government involvement could affect decentralization.
Kraken, Yuga Labs and Cumberland
This week also saw yet three more examples of cryptocurrency companies benefitting from looser regulations.The Securities and Exchange Commission agreed to withdraw its lawsuit against crypto exchange Kraken. The San Francisco-based company is now reportedly considering an initial public offering (IPO).A three-year investigation into NFT company Yuga Labs also ended, with the declaration that “NFTs are not securities.”Cumberland DRW, the crypto trading arm of Chicago-based DRW, also secured the dismissal of SEC charges that had alleged the company acted as an unregistered securities dealer.

President Nayib Bukele mentioned El Salvador plans to continue acquiring Bitcoin regardless of International Monetary Fund demands included in their $3.5 billion loan agreement.

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From jail fears to White House cheers: Winklevoss brothers reflect on Gemini scrutiny

At the recent White House crypto summit, Tyler and Cameron Winklevoss, co-founders of Gemini, reflected on their tumultuous journey from regulatory scrutiny to being seated at the nation’s highest table for cryptocurrency policy.

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Bitcoin to $1m? JAN3 CEO predicts faster timeline with White House support

Bitcoin advocate and JAN3 CEO Samson Mow has accelerated his Bitcoin price prediction. He suggested that it could reach $1 million earlier than his model’s original 2031 forecast.
Mow cites the unprecedented White House support for Bitcoin btc-3.73%Bitcoin as a catalyst for this new timeline.

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Dogecoin price analysis

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Dogecoin price risks a 60% crash as a rare risky pattern forms

Dogecoin price has crashed in the past few months, and this trend may continue as the rare death cross pattern nears. 
Dogecoin doge-10.51%Dogecoin token retreated to a low of $0.019 on Sunday, its lowest level since November 7 last year. It has plunged by over 60% from its highest level in November. 
Dogecoin’s crash has mirrored the performance of other meme coins, most of which have plunged in the past few months. Popular tokens like Shiba Inu, Pepe, and Dogwifhat are down by over 50%. 
It has also dropped as Elon Musk, a key backer for the memecoin, has come under intense pressure this year. Bloomberg data shows that Musk’s net worth has dropped by $103 billion this year, bringing his worth to $330 billion. 

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SafeMoon, PWEASE surge triple digits: What about Bitcoin?

The crypto market continues its bearish trend with Bitcoin dropping below $83,000. Certain altcoins, however, are surging.


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​Mexican Billionaire Ricardo Salinas allocates 70% of his portfolio to Bitcoin

Mexican billionaire Ricardo Salinas has disclosed that 70% of his investment portfolio is allocated to Bitcoin-related assets.
The remaining 30% is invested in gold and shares of gold mining companies, according to a Salinas interview with Bloomberg. 
Salinas, who serves as chairman of Grupo Salinas — a conglomerate with interests spanning telecommunications, media, financial services, and retail — emphasized his preference for these “hardest assets” during the interview. ​
Salinas’s investment strategy is notably unconventional, as he eschews traditional assets like bonds and external company stocks. 
He stated, “I don’t have a single bond, and I don’t have any other stocks except my own.” This approach underscores his commitment to assets he perceives as more robust and reliable.

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Paradigm, Coinbase back Across Protocol’s $41m raise for cross-chain interop

Cross-chain bridge platform Across has secured $41 million in a strategic token sale that attracted the participation of top venture capital firms in the crypto industry.
The funding is part of Across Protocol’s effort to unify Ethereum eth-7.75%Ethereum via a cross-chain, intent powered interoperability. Across shared this via an announcement on March 4
Why does this matter?
web3 growth has seen top Ethereum layer 2 scaling solutions offer significant improvements in scalability and reduction of transaction costs. However, there is the effect of fragmented liquidity and the barrier of user experience amid disconnected chains.
Intents is the new infrastructural push that targets a unified chain experience for users. The Ethereum Foundation recently unveiled plans for intents adoption and Across’ goal is to bring this to users.
Funding provides for capital injection that will help put this into action. 
“Our goal from inception is to accelerate the transition to seamless crosschain experiences when users move between two chains. Our north star has always been two-second-bridging, no matter how many chains are involved. This latest raise further empowers us to achieve that vision,” the Across Protocol team noted in a blog post

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Story Protocol has announced a partnership with Oxford University on a research initiative to advance AI agent communication and negotiation capabilities. 
The collaboration will focus on improving clarity in AI interactions and optimizing agent-to-agent negotiations, with developments feeding into Story’s Agent TCP/IP framework.
Agent TCP/IP is designed to facilitate AI-driven transactions of intellectual property, enabling autonomous agents to exchange, license, and manage digital assets. 
By integrating research from Oxford, Story aims to refine how AI agents communicate, ensuring smoother and more transparent exchanges.
“We are able to accelerate towards a future where AI agents can collaborate and exchange IP autonomously,” Story stated. 
The company positions itself as the leading hub for AI agents, and its partnership with Oxford reflects a commitment to pioneering advancements in AI autonomy.
Story Protocol is a purpose-built layer 1 blockchain designed to register and manage intellectual property on-chain. It allows creators to register various forms of IP — such as images, songs, real-world assets, and AI training data — and specify usage terms, facilitating decentralized and programmable IP management.

Story Protocol partners with Oxford University to advance AI agent communication

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Hamster Network hits 34,028 TPS, surpassing Solana and Aptos

​Hamster Network is processing 34,028 transactions per second, positioning itself among the fastest blockchain platforms. 

This performance surpasses other notable blockchains, such as Aptos apt-15.07%Aptos, with a maximum recorded TPS of 11,936, Solana sol-12.35%Solana at 7,229, and Algorand algo-12.75%Algorand at 5,716, according to data seen by crypto.news.
Hamster Kombat hmstr-0.44%Hamster Kombat developers are working to create utility for the token. They recently launched a layer-2 network on the TON ton-5.9%Toncoin blockchain aimed at improving transaction speeds and lowering costs.

In simple terms, a blockchain is a digital ledger that records transactions across a decentralized network of computers. TPS measures the speed at which transactions are processed, with higher TPS indicating a network’s ability to handle a greater number of transactions in a given timeframe—an essential feature for applications that require fast and efficient processing.
Hamster Network’s recent milestone allows it to handle a significantly higher transaction volume compared to many existing platforms. This capability is particularly crucial for decentralized applications, which operate on a blockchain rather than a centralized server.
Faster transaction speeds can lead to more responsive and efficient DApps, enhancing user experience and broadening the scope of potential applications.​
However, it’s important to note that theoretical or peak TPS figures often differ from real-world performance. While some platforms claim high theoretical TPS, their actual observed performance may be significantly lower.

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