The Shiba Inu community achieved a big goal in burning tokens on May 31, 2025. The ShibTorch system which burns SHIB tokens, acknowledged burning a total of 1,172,072,308 SHIB. This number reflects a 5.62% increase compared to the previous week. Shiba Inu Army Drives Token Scarcity The ShibTorch portal also shared details of recent burns over the past few days. On May 31 at 6:01 UTC, 20,579,943 SHIB tokens were burned. On May 28 at 20:44 UTC, 13,091,149 tokens were removed. A day earlier, on May 27 at 5:30 UTC, 14,374,042 tokens vanished. These actions are part of the community’s plan to decrease the total number of SHIB tokens available. The point of burning Shiba Inu tokens is to lower the supply which can boost its worth. The recent burns show how active the community is in supporting this goal. Their participation in ShibTorch reveals that the SHIB Army cares… Read More at Coingape.com
The Bitcoin’s fear and greed index surged from 37%, representing fear, to 47%, indicating neutral, in the last 24 hours.
Technical and fundamental analysis suggest the crypto market will gain bullish momentum ahead.
Bitcoin (BTC) price led the wider altcoin market in recording gains in the past 24 hours. For the first time since the March 4 selloff, Bitcoin price rallied over 5 percent in the past 24 hours to trade above $91.3k on Tuesday during the mid-North American session.
The wider altcoin market signaled bullish sentiment, thus the total crypto market cap gained over 3 percent to hover about $2.95 trillion at the time of this writing. Following the heightened volatility, more than $348 million was liquidated from the crypto-leveraged market, mostly involving short traders.
Forecasted Behind Bitcoin and Crypto Pump Today
Renewed Demand from Whale Investors
As gold price rallied to a new all-time high of about $3.5k/oz earlier on Tuesday, on-chain data shows whale investors have shifted focus on Bitcoin and selective altcoins. The renewed demand for Bitcoin and the altcoin market, by whale investors, significantly catalyzed bullish sentiment.
Notably, the U.S. spot BTC ETF issuers recorded a net cash inflow of more than $381 million, possibly signaling an end to a longstanding dry spell.
Rising Open Interest (OI)
According to market data from Coinglass, the total crypto Open Futures (OI) increased by about 13 percent in the last 24 hours to hover about $120 billion. Bitcoin’s OI surged by over 16 percent in the past 24 hours to hover around $69 billion at the time of this writing.
Macroeconomic Tailwinds
The wider crypto market gained a bullish outlook on Tuesday, partially catalyzed by notable gains in major stock indexes. The Dow, S&P 500, and the NASDAQ indexes had gained at least 2 percent during the mid New York trading session.
The improving negotiations of the global trade war played a crucial role in the bullish outlook.
What Next?
From a technical analysis standpoint, BTC price is well positioned to rally towards a new all-time high in the near future. According to Standard Chartered’s Geoff Kendrick in a note to investors on Tuesday, BTC price could rally to a new all-time high if concerns over the Federal Reserve’s independence persist.
The post Bitcoin Price Regains $91k After Seven Weeks: Top Reason Bulls are Ruling the Crypto Market appeared first on Coinpedia Fintech News
The Bitcoin’s fear and greed index surged from 37%, representing fear, to 47%, indicating neutral, in the last 24 hours. Technical and fundamental analysis suggest the crypto market will gain bullish momentum ahead. Bitcoin (BTC) price led the wider altcoin market in recording gains in the past 24 hours. For the first time since the …
The Wyoming Integrity PAC will champion ethical and equitable procurement practices, fostering a business-friendly environment rooted in fairness and accountability. Hoskinson’s involvement…
World Liberty opened a proposal aiming to make WLFI tokens transferrable. This would mark the first major use of WLFI’s governance protocol, signaling a new era for the asset.
There are a few outstanding questions about implementation, such as partnered exchanges and potential regulatory concerns. Still, the community is currently unanimous in supporting the proposal.
However, since it launched its WLFI token, the crypto community has greatly criticized World Liberty for not letting users trade or transfer these assets. According to a new announcement, a governance proposal to make this rule change is now live:
On this Independence Day, we’re making history.
The proposal to make $WLFI tradable is now live. Crypto is coming home — and there’s no better day to let freedom ring.
Happy 4th of July from your friends at WLFI and from the new crypto capital of the world.
According to World Liberty’s new proposal, this move will change WLFI’s ecosystem from closed to open participation. In addition to making WLFI tradable, it will unlock tokens for early-access investors.
Moreover, this officially inaugurates the asset’s use as a governance token, as the lack of community proposals has been a sticking point for fans.
Nonetheless, there are many outstanding questions about this move. What exchanges will list WLFI? How will price discovery work? Will the firm face any regulatory setbacks, considering the heavy levels of foreign investment in WLFI?
Regardless of these potential issues, one thing seems clear: WLFI holders are practically guaranteed to approve World Liberty’s proposal.
Currently, the community is completely unanimous in demanding token tradability. If the firm is ready to bring a new era to WLFI, then its holders are more than ready.
On this Independence Day, we’re making history.
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