The bitcoin and ethereum options on Deribit, one of the largest crypto derivatives exchange, expired earlier today.
This month saw the largest open interest in...
SafeMoon is one of the newest and fastest-growing altcoins, even in the crazy cryptocurrency market that’s seen a good number of tokens increase in value by thousands or even tens of thousands of percent in 2021. Launched on March 8, 2021, it is a BEP20 token that exists on the Binance Smart Chain. It’s also […]
Reading Time: 6minutes The Whales have grown big, because they feast on the tiniest Algae This week, I was going to talk about something else. However, after monitoring a few chat rooms, I thought I’d address why many newbies, who bought crypto at the higher levels, are now selling their positions to save […]
It promises to be a fascinating end to the week as European equity markets steady and US futures pare losses amid planned talks between the US and Russia next week. Risk aversion swept through the markets on Thursday as the perceived risk of a Russian invasion of Ukraine rose. Much like the weather here in […]
Earlier this month, a SHIB burning corporation claimed to have burnt over 230 million SHIB and around 33.6 million on Thursday alone. The SHIB burner enterprise primarily manufactures games for mobile phones. In the past 24 hours, other SHIB burners have been reported to destroy an estimated 32 million tokens. This makes a cumulative removal of 60 million SHIB from the circulation, since Thursday. A complete logistics of February reports approximately 900 million tokens have been transferred to inferno wallets. Quarter Billion SHIB Burned This Month, 655 Million Burned in 48 Hours Travis Johnson of SHIB Burn Games tweeted that he burned $6,900 worth of Shiba Inu this month. The total amount burnt is 232, 088, 799 tokens. The February 17 tweet by Johnson continues stating an amount of SHIB worth $1000 (33,624,747) was taken out of the initial supply chain in the circulation of a quadrillion. The two aforementioned SHIB amounts were burned based on games created by the firm. On February 15, Johnson claimed to have burned 415 million Shiba Inu. On Valentine’s Day, Bigger Entertainment managed by Steven Cooper transferred 240 million SHIB to a dead wallet – coins that cannot be withdrawn or spent. Steven Cooper expressed his heartfelt gratitude to the Shiba community, as such a large-scale burn party would not have been possible without them. In his tweet, he also has attached a screenshot of the transaction to share with the entire community. What Does Steven Cooper Have to Say? Yesterday, on one hand, Steven Cooper stated that Bigger Entertainment will discontinue Shiba Inu Burn Tickets as they are negatively impacting their reputation. However, on the other hand, he assures the SHIB community that he wouldn’t abandon their efforts and discover new ways to burn SHIB. Bigger Entertainment announces to continue organizing burn parties, soon after the transition and restructuring of the Burning Model for Shiba Inu token in order to better serve the community and provide more transparency than ever. Millions of SHIB were Destroyed Within 24 Hours! Bigger Entertainment, another SHIB burn initiative, tweeted that approximately 14,318,442 SHIBs were burnt (leftovers from the burn party that happened on February 14). Recently, yet another SHIB burning platform, Shibburn tweeted about burning 17,615, 134 SHIB in four transactions in a day. Both the SHIB burn initiatives reported together 33.6 million burned SHIB. A culmination of both reports generated a figure of 65.5 million meme tokens SHIB locked in dead wallets in 24 hours.
UK retail sales bounce back UK retail sales rebounded in January, with a gain of 1.9% m/m, its highest monthly gain since April 2021. The increase followed a decline of 4.0% in December and beat the consensus of 1.0%. The Omicron variant of corona continues to have a significant impact on consumer spending. The December […]
Risk appetite is much improved on Tuesday following reports that Russia is pulling back some troops, a significant de-escalation that makes the prospect of an invasion this week much less likely. The Kremlin maintains that it never intended to invade Ukraine and the return of some troops to their regular bases following military exercises is […]
The SEC requests comments from the public as it considers Grayscale’s spot Bitcoin ETF application. The Commission raised similar concerns as with other spot Bitcoin ETFs. The move implies the decision would be delayed by another 35 days at least. The SEC has requested comments from the public as it weighs its decision on the […]