While the Shiba Inu price remains in a bear market, one crucial catalyst may help it surge in the near term: its soaring burn rate. SHIB trades at $0.000014, just a few points above the year-to-date low $0.00001025. This article explains the bullish case as the SHIB burn rate and staking ratio rises.
Shiba Inu Price May Benefit From the Burn and Staking Rate
A token burn is a crucial process in which a crypto project reduces the amount of tokens in circulation by sending them into an inaccessible address. It helps to reduce the supply and boosting its sentiment among investors.
Shiba Inu price may benefit from the ongoing burn rate that has reduced the number of SHIB tokens in circulation. Data show that the network has burned over 420 trillion tokens since its inception, and the rate is accelerating. The daily burn rate rose by 14.76 million on Monday, leaving those in circulation at 584 trillion.
Further, on-chain data shows that over 15,000 SHIB Army members have staked their xSHIB tokens. Over 4.83 trillion currently worth over $67 million, have been staked. That is a sign that these users anticipate the Shiba Inu price to continue rising over time.
Shiba Inu burns its tokens in a number of ways. The most common one is where holders move their tokens to a dead address. Another one is where fees generated from its ecosystem like Shibarium is changed from BONE to SHIB and then incinerated.
SHIB Can Soar 150% if Key Support Holds
A recent CoinGape article estimated that the value of SHIB would eventually surge 17x in the long term. This article cited a chart forming a triangle pattern that hinted it was in a strong buy zone.
The daily chart below adds to the optimism that the Shiba Inu price will eventually rocket higher, potentially by 150% from the current level.
This chart reveals that the coin has formed a giant double bottom pattern at $0.00001080, its lowest level in August last year and this month. It is a giant one because its neckline is at $0.000033. This price signals a near 150% surge from the current level.
There will be several key SHIB price targets to watch out before the target is reached. The first one is at $0.00001565, the neckline of the smaller double-bottom pattern that has formed this month.
Shiba Inu Price
After this, the bullish Shiba Inu forecast will be confirmed when the coin rises above $0.000022, the 50% Fibonacci Retracement level. The outlook will be canceled when the coin crashes below the double-bottom point at $0.00001080. A drop below this level will cancel the bullish view.
The crypto market concluded yet another week, primarily sparking investor optimism with recovering price trajectories. Bitcoin (BTC) price recovered from a $76K low to reach $84K right ahead of the U.S. FOMC next week. Whereas, major-league altcoins also mimicked price gains. The global cryptocurrency market cap again embarked upon a trajectory towards the $3 trillion mark as the week comes to an end.
Mentioned below are some of the top crypto market updates reported by CoinGape Media over the past week.
Crypto Market: Bitcoin Advancements This Week
The flagship crypto has witnessed significant developments over the past seven days, keeping investors optimistic despite price turbulence. Notably, global financial services firm Cantor Fitzgerald launched a $2 billion Bitcoin financing business, partnering with Anchorage Digital and Copper for secure institutional access.
On the other hand, Cathie Wood’s Ark Invest expanded its Bitcoin holdings, accumulating 997 BTC worth $80 million via Coinbase this week.
Also, despite the recent market turmoil, 95% of investors in the U.S. spot Bitcoin ETFs continue to hold onto their holdings. As a result, market watchers continue weighing optimism over long-term price prospects.
Moreover, Deutsche Boerse’s post-trade unit Clearstream plans to launch Bitcoin & Ethereum custody services by the end of this year. Mentioned above are the top crypto market updates orbiting Bitcoin over the past week.
Are Prices Bracing For Macro Events?
Meanwhile, the broader market shows a recovery-like trend ahead of the U.S. FOMC next week. Set to occur on March 19, the monetary policymaking decision remains much eyed by investors globally.
Market-wide expectations of unchanged interest rates by the U.S. Fed prevail at the moment. Also, the latest U.S. CPI data indicated cooling inflation, offering some support to risk assets. In turn, traders and investors speculate whether a price recovery is possible after the turmoil caused by Donald Trump’s tariff saga.
Global markets, including crypto, took severe heat previously, although recent price actions signal that a recovery and bull cycle continuation might be on the horizon.
Connecticut Governor Ned Lamont has signed House Bill 7082 into law, officially regulating the “Bitcoin Reserve Ban” in the state. Now, Connecticut is prohibited from accepting, holding, or investing in digital assets. This marks a contrast from the US trend in the evolution of virtual digital currency.
Connecticut Officially Bans Bitcoin Reserve
The legislation titled “An Act Concerning the Prohibition of State Government Entities from Holding or Investing in Cryptocurrencies” was initially introduced in response to growing concerns regarding volatilities and uncertainties in digital currencies in February 2025 before finalizing the enactment on June 30.
The enactment provides clarity that the state prioritizes risk mitigation and consumer protection over speculative investment.
Legislation on the Prohibition of Cryptocurrency
Settling the long-standing debate, Connecticut finalizes the ban on cryptocurrency and other virtual currencies to prevent the state from associated risks. The law ensures that Connecticut remains protected from the threats associated with the digital assets market.
“Neither the state nor any political subdivision of the state shall (1) accept or require payment in the form of virtual currency for an amount due to the state or the political subdivision, or (2) purchase, hold, invest in or establish a reserve of virtual currency,” HB 7082 reads.
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Key Highlights of Crypto Ban Legislation
It introduces comprehensive consumer protection measures, ensuring that businesses engaging in virtual asset transactions disclose potential risks.
Provisions aimed at enhancing transparency and security in virtual currency transactions.
Crypto businesses must disclose critical risks– irreversibility of transactions, absence of government insurance, and potential for unrecoverable losses.
Introduced new daily transaction limits for virtual currency kiosk – $2,000 for new customers and $5,000 for existing ones.
Virtual currency kiosk operators face stricter regulations– provide live customer support and employ a full-time compliance officer to oversee adherence.
The enactment sets Connecticut apart from other US states like Texas, Arizona, and New Hampshire, which continue to adopt digital currency reserves. As the bill contrasts with the majority of US states, it has been met with mixed reactions from industry experts and policymakers. Some argue that the bill is crucial for precautions, while others say it stifles innovation in the nation.
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FAQs
How does Connecticut’s crypto ban compare to other states’ approaches to digital assets?
Connecticut’s ban on state entities holding or investing in crypto contrasts sharply with states like Texas, Arizona, and New Hampshire, which are moving to establish digital asset reserves. This highlights a growing divergence in state-level approaches, with Connecticut prioritizing risk aversion while others embrace crypto innovation.
What are the potential impacts of Connecticut’s crypto ban on its digital economy and blockchain innovation?
While the ban aims to protect public funds from volatility, critics argue it could stifle innovation within Connecticut’s digital economy. It might deter blockchain-based startups and investment, potentially causing them to gravitate towards more crypto-friendly states that encourage digital asset development and integration.
How might Connecticut’s legislation influence other states’ cryptocurrency policies?
Connecticut’s cautious approach could influence other risk-averse legislatures to consider similar bans or stricter regulations on state crypto involvement. It adds to the ongoing national debate about crypto’s role in public finance, potentially encouraging a more conservative stance in states prioritizing financial stability over speculative gains.
The post No Bitcoin for Connecticut: State Bans Investment and Reserves in New Law appeared first on Coinpedia Fintech News
Connecticut Governor Ned Lamont has signed House Bill 7082 into law, officially regulating the “Bitcoin Reserve Ban” in the state. Now, Connecticut is prohibited from accepting, holding, or investing in digital assets. This marks a contrast from the US trend in the evolution of virtual digital currency. Connecticut Officially Bans Bitcoin Reserve The legislation titled …
Bitcoin is stepping beyond its role as a store of value and into DeFi. BTCFi is bringing lending, staking, and yield opportunities directly to the Bitcoin network without middlemen. This shift not only unlocks new financial use cases for Bitcoin holders but also helps secure the network by keeping miners incentivized.
To understand where BTCFi stands today and where it’s headed, BeInCrypto spoke with industry leaders from 1inch, exSat, Babylon and GOAT Network. They shared insights on the current landscape, key challenges, and what’s needed for BTCFi to reach its full potential.
Key trends and explosive growth in 2024
The year 2024 marked a pivotal period for BTCfi, characterized by remarkable growth metrics. According toDefiLlama, the Total Value Locked (TVL) in Bitcoin-based DeFi protocols experienced an unprecedented surge, escalating from $307 million in January to over $6.5 billion by December 31, 2024, a staggering increase of more than 2,000%. This surge reflects a burgeoning interest and confidence in Bitcoin’s DeFi capabilities.
BTCFi’s growth is driven by a mix of institutional adoption, market performance, and technological advancements. The approval of Bitcoin ETFs has fueled institutional interest, pushing BTCFi’s total value locked (TVL) higher. Major exchanges like Binance and OKX are integrating BTCFi services, improving accessibility and liquidity. Bitcoin’s strong market performance, hitting an all-time high of $108,268 in December 2024 before closing at $93,429, has further boosted confidence.
Source: Glassnode
At the same time, innovations like Bitcoin-native assets, wrapped BTC, and staking solutions are expanding Bitcoin’s role in DeFi. Projects such as exSat, GOAT Network, Babylon and 1inch are leading the way with new protocols that enhance Bitcoin’s DeFi potential.
As BTCFi continues to evolve, one fundamental truth remains unchanged – demand for Bitcoin itself. Kevin Liu, co-founder of GOAT Network, encapsulates this sentiment: “All of us want more BTC, because it’s the king of all tokens. Whichever projects succeed in delivering real BTC yield will flourish, because they’re giving people exactly what they want. This is true now, and it will be true 3-5 years from now.”
Shalini Wood, CMO of Babylon, captures this shift, stating: “We’re seeing a shift where Bitcoin is no longer just something you HODL. Innovations in Bitcoin staking, lending, and trustless interoperability will define the next wave of BTCFi. BTCFi will evolve beyond traditional DeFi models, leveraging Bitcoin’s security to support sovereign applications, cross-chain liquidity, and more scalable, trust-minimized financial products. The goal is to carve out a distinct, Bitcoin-native approach that enhances security and decentralization across the entire crypto ecosystem.”
Tristan Dickinson, CMO exSat Network: “Enabling Bitcoin yield and DeFi-based strategies without sacrificing control of native Bitcoin is crucial. Bitcoin has fulfilled its original purpose as a store of value, evolving it into a tool for value creation requires meeting some very specific criteria: preserving native Bitcoin security, ensuring interoperability between ecosystems, and supporting complex smart contracts.
At the same time, regulatory developments in the U.S. are reshaping the BTCFi landscape. The prospect of a government-backed Bitcoin reserve lends legitimacy to BTC as a financial asset, potentially attracting institutional investors. However, as Sergej Kunz, co-founder of 1inch, points out, regulation remains a double-edged sword: “Some policies support innovation, while others could tighten controls on BTCFi. Clear regulations on existing DeFi and smart contracts will be crucial for its growth.”
The next phase of BTCFi will be defined by the balance between innovation and regulation. While Bitcoin’s decentralized nature makes it resistant to government interference, regulatory clarity could provide the stability needed for mainstream adoption. The question remains — will policymakers embrace BTCFi as a transformative financial force, or will they attempt to contain its potential?
How Much Starting Capital Do You Really Need?
The world of Bitcoin Finance (BTCFi) is evolving rapidly, offering opportunities for both institutional investors and everyday users. But how much capital do you actually need to get started?
Shalini Wood, emphasizes that “BTCFi is not just about individual participation—it’s about unlocking capital efficiency for Bitcoin at scale. BTCFi is designed to maximize security and reward opportunities while keeping Bitcoin’s core principles intact.” Platforms like Babylon, which holds “$4.4 billion in Total Value Locked (TVL),” are driving liquidity and accessibility.
One of the most significant advantages of BTCFi is its accessibility. Traditional finance often has high entry barriers, requiring investors to put down substantial capital to participate in meaningful ways. In contrast, BTCFi allows users to start with much smaller amounts, thanks to the efficiency of Bitcoin sidechains and second-layer solutions.
Sergej Kunz, highlights this shift, stating that “BTCFi platforms have low entry barriers, with some allowing participation with as little as $100 thanks to Bitcoin sidechains like Rootstock and Lightning-based protocols.” This means that retail investors, who may have previously been excluded from financial opportunities, can now leverage Bitcoin’s growing DeFi ecosystem without needing deep pockets.
This low entry threshold is particularly important in regions where traditional banking infrastructure is weak or inaccessible. BTCFi can provide people in emerging markets with new ways to save, earn yield, and access financial services without relying on intermediaries.
Kevin Liu, explains this philosophy: “The best BTCFi solutions won’t require users to be whales; rather, they’ll give both whales and guppies the opportunity to earn real BTC yield. A well-designed BTCFi-focused ecosystem will allot the exact same annual returns (by percentage) to a user who stakes $1 million, vs. another who stakes $100.”
This principle is crucial because it aligns with Bitcoin’s original ethos of financial fairness and open participation. In a world where traditional financial products often favor the wealthy with better interest rates and lower fees, BTCFi is aiming to level the playing field.
Ultimately, whether you’re a small investor or a deep-pocketed institution, BTCFi platforms are increasingly designed to accommodate all levels of participation, ensuring that Bitcoin’s financial ecosystem remains open and rewarding for everyone.
BTCFi: A Gateway to Earning Without Leaving Bitcoin
With the rise of Bitcoin Finance (BTCFi), crypto users now have more ways to earn from their BTC without relying on centralized platforms. “BTCFi is becoming more accessible, enabling users to lend, stake, and trade BTC without relying on centralized platforms,” explains Sergej Kunz. While APR programs and staking options on Ethereum or Solana may offer higher yields, he notes that “BTCFi allows users to earn on BTC without leaving the Bitcoin ecosystem, making it a strong alternative for long-term holders.”
Tristan Dickinson, highlights the rapid expansion of Bitcoin’s Layer 2 ecosystem: “Today, there are over 70+ Bitcoin L2 projects working to expand access to and from the Bitcoin ecosystem, but the ecosystem is immature. Basic DeFi instruments like staking are emerging, yet only a few players, maybe three to five, offer true staking with token and APY programs.”
He emphasizes that Bitcoin DeFi is on an inevitable growth trajectory: “First comes staking, then re-staking, followed by diversified yield, collateralized lending and borrowing, and eventually an explosion in structured financial products. Some projects are leading, others are following.”
exSat’s approach aims to accelerate this evolution by mirroring Bitcoin’s data while integrating it with DeFi innovations. “Creating a mirrored version of Bitcoin with identical (UTXO) data and similar partners is the first true scaling solution for the ecosystem. Combining the best parts of Bitcoin with the most powerful elements of DeFi is the only path to meaningful BTCFi growth,” Dickinson concludes.
As BTCFi continues to mature, its ability to offer decentralized yield opportunities without compromising Bitcoin’s core principles is positioning it as a compelling alternative for long-term BTC holders.
Kevin Liu, highlights the growing divide in user behavior: “We’ll likely see growth in both groups – people who simply buy BTC on centralized exchanges and either leave it alone or maybe ape into limited-time APR promotions on those CEXes, and people who watch centralized exchanges get hacked and/or appreciate the power of ‘not your keys, not your coins’ and thus seek out decentralized options.” As Bitcoin adoption increases, Liu predicts that more users will explore BTCFi solutions to generate yield without handing control of their assets to centralized exchanges.
With Bitcoin remaining “the single most powerful asset since it came into existence 16 years ago,” BTCFi is poised to attract both casual holders and those seeking decentralized earning opportunities, helping drive mass adoption in the process.
BTCFi vs. DeFi on Ethereum and Solana: Key Differences and Similarities
As Bitcoin Finance (BTCFi) continues to evolve, it is increasingly compared to the established DeFi ecosystems on Ethereum and Solana. While all three aim to provide financial opportunities beyond traditional banking, they differ in design, security, and user experience.
Ethereum has long been the dominant force in decentralized finance, known for its robust smart contract capabilities and extensive range of DeFi applications. “Ethereum has encouraged smart contract development and as many DeFi use cases as you can possibly imagine,” explains Kevin Liu. The ecosystem has fostered innovations in lending, automated market-making, and derivatives, making it the go-to platform for developers experimenting with new financial models. However, Ethereum’s strengths also come with challenges, high gas fees and network congestion can limit accessibility for smaller investors.
Solana, on the other hand, was designed with speed and efficiency in mind. Its high throughput and low fees make it an attractive choice for retail users and traders looking for fast execution times. “Solana stands out for its speed and low fees,” notes Sergej Kunz. This efficiency has allowed Solana’s DeFi ecosystem to flourish, with platforms like Raydium, Jupiter, and Kamino providing seamless trading and yield farming experiences. However, the trade-off comes in the form of higher hardware requirements for validators and periodic network outages, which have raised concerns about decentralization and stability.
Bitcoin, in contrast, follows a fundamentally different philosophy. It prioritizes security and decentralization above all else, which historically limited its ability to support complex smart contracts. “BTCFi is built on Bitcoin’s battle-tested PoW security, ensuring minimal trust assumptions and censorship resistance,” says Shalini Wood. Rather than trying to replicate Ethereum’s DeFi model, BTCFi is developing its own distinct approach, leveraging Bitcoin’s unparalleled security while introducing financial applications tailored for BTC holders.
“THORChain, Sovryn, and Stackswap are among the projects offering native BTC DeFi solutions, bridging the gap between Bitcoin’s security and Ethereum’s programmability,” adds SergejKunz. These platforms allow users to engage in decentralized trading and lending while keeping custody of their Bitcoin, avoiding the risks associated with wrapped BTC on other chains. As BTCFi infrastructure matures, it is expected to carve out its own niche, the one that remains true to Bitcoin’s principles while expanding its financial utility.
In the end, while Ethereum, Solana, and Bitcoin each offer unique strengths, BTCFi is proving that Bitcoin is no longer just a passive store of value. It is evolving into a fully functional financial ecosystem, leveraging its unmatched security to create decentralized applications that don’t compromise on decentralization or trust minimization.
