The Shiba Inu community has something new to cheer about. As the Shiba Inu team has just rolled out a massive update for Shibarium, the blockchain behind the popular SHIB token. This isn’t just a small tweak—it’s a complete transformation that promises to make life easier for SHIB fans and crypto users everywhere.
Let’s see what this major upgrade its all about!
Shiba Inu New Tool – DeFi Upgrade –
In a recent X post, Shiba Inu’s marketing lead Lucie announced that the new upgrade has completely changed how people can earn, trade, and burn their SHIB tokens.
So, what’s new? First, there’s a fresh DeFi toolkit. This toolkit makes it easier for users to earn, trade, and burn SHIB and other tokens right inside Shibarium, no need to jump between different platforms anymore.
The toolkit also features new precision liquidity pools. These let users choose the exact price range for providing liquidity, so they can earn better rewards and make smarter moves in the crypto market.
Live Burns Now Part of the Flow
One of the most exciting features of this update is its impact on the SHIB burn mechanism. Before, SHIB burns depended on separate transactions.
But now, any activity on Shibarium like swapping, adding liquidity, or using other tools, will trigger live burns. This means SHIB and other tokens are now being burned in real time.
Lucie said that these burns are now part of the daily flow, which could help reduce the supply of SHIB over time.
Impact On Shib Price
Despite these big upgrade, the daily SHIB burn numbers are still in the red for now. In the last day, the total amount of SHIB burned was about 10.4 million tokens. Three transactions handled this, with one giant burn of over 10 million SHIB tokens alone.
As of now, SHIB’s price is trading around $0.00001266, reflecting a ssligh rise seeing the ast 24 hours with a market cap of $7.46 billion.
Welcome to the US Morning Crypto News Briefing—your essential rundown of the most important developments in crypto for the day ahead.
Grab a coffee to see what experts say about Bitcoin’s (BTC) price amid recovery efforts. The status of Bitcoin as a hedge against inflation and economic uncertainty is progressively becoming questionable, with institutional influence adding to the concerns.
Can Strategy’s $555 Million BTC Purchase Send Bitcoin Past $90,000?
Michael Saylor, the chairman of Strategy (formerly MicroStrategy), revealed the firm’s latest Bitcoin purchase, comprising 6,556 BTC tokens worth approximately $555.8 million. With this, the firm has attained a Bitcoin yield of 12.1% year-to-date (YTD) in 2025.
“MSTR has acquired 6,556 BTC for ~$555.8 million at ~$84,785 per bitcoin and has achieved BTC Yield of 12.1% YTD 2025. As of 4/20/2025, Strategy holds 538,200 BTC acquired for ~$36.47 billion at ~$67,766 per bitcoin,” Saylor shared.
Strategy uses the Bitcoin Yield YTD to measure the BTC holdings per share increase. This model has been a key part of their financial strategy firm since their first Bitcoin purchase in August 2020.
This acquisition aligns with a bullish market sentiment for Bitcoin, which is steadily nearing the $90,000 milestone, as the recent US Crypto News indicated.
Despite a mild recovery in Bitcoin prices this week, up by over 3% in the last 24 hours, it is worth noting that Bitcoin is highly sensitive to economic indicators.
Similarly, the global market is highly sensitive to monetary policies set by major economies, particularly the US. BeInCrypto contacted Paybis founder and CEO Innokenty Isers for insights on the current market outlook, particularly for Bitcoin.
“Given the strong concentration of investors in technology stocks, shifts in trade policies and government interventions that influence key indices like the Nasdaq Composite create ripple effects across financial markets,” Isers told BeInCrypto.
“With its relatively higher volatility, risk-averse investors may favor alternative inflation hedges instead of Bitcoin,” he added.
Iners expressed cognizance of the longer stretch of the trade war and the potential inflation that will emerge. Based on this, he noted that capital allocation to Bitcoin as a hedge against economic instability might be reduced.
Strategy’s Stock Premium Narrows as Bitcoin Hype Cools
Meanwhile, Strategy has seen a significant shift in its stock valuation dynamics over the past year. Saylor recently revealed that as of Q1 2025, over 13,000 institutions and 814,000 retail accounts held MSTR directly.
“An estimated 55 million beneficiaries have indirect exposure through ETFs, mutual funds, pensions, and insurance portfolios,” Saylor added.
According to data on Bitcointreasuries.net, the premium investors once paid for exposure to its Bitcoin holdings has notably narrowed.
Specifically, the NAV multiplier, a measure of how much the stock trades above the value of Strategy’s Bitcoin assets, has decreased compared to last year. This indicates that MSTR is now trading closer to the actual value of its Bitcoin reserves.
In 2024, investors were willing to pay a substantial premium for MSTR shares, driven by Bitcoin’s hype and MicroStrategy’s aggressive accumulation strategy.
“I don’t know if buying strategy equity is a good idea for the government. The stock would just pump, and it’s likely trading at a premium over NAV with a higher risk profile. Also, I believe the gov will find it difficult to find institutions that would be willing to sell their BTC in large quantities,” an analyst said recently.
The shrinking NAV multiplier suggests a more cautious market sentiment. Analysts believe this reflects a shift toward valuing MicroStrategy based on its fundamentals rather than speculative Bitcoin enthusiasm.
This suggests a maturing market approach to the company’s unique investment strategy.
This chart shows how Strategy’s stock price (blue) moves with Bitcoin price (orange). When Bitcoin goes up, MicroStrategy usually follows, but it swings even more.
However, the NAV multiplier has narrowed compared to last year, meaning MicroStrategy’s stock is now trading closer to the actual value of its Bitcoin holdings.
Last year, investors paid a bigger premium for exposure to MSTR, but that gap has shrunk. This suggests a more cautious sentiment or a shift toward valuing the company based on fundamentals rather than just Bitcoin hype.
Accumulation signals from whale activity and consolidation at $0.60 indicate a possible rally for Pi Network, despite concerns about the lack of exchange listings and use cases.
A dip in overall crypto trading activity last week sent Hedera’s native token, HBAR, tumbling to a 30-day low of $0.16 on May 31. Although the token has managed to climb around 3% over the past 24 hours, the recovery may not mark a true bullish reversal.
Technical indicators suggest the rebound may be a classic dead cat bounce—a temporary relief in a prevailing downtrend. This analysis explains why this may be the case.
Hedera dropped over 10% in the past week, facing the worst loss among the top 10 made in USA coins.
HBAR’s steady decline over the past week has pushed the token’s price below its 20-day exponential moving average (EMA). This breakdown confirms the presence of strong selling pressure among spot market participants.
The 20-day EMA measures an asset’s average trading price over the past 20 trading days, giving weight to recent price changes.
When an asset falls below this key moving average, it signals a shift in short-term momentum from bullish to bearish. This breach typically suggests that recent selling pressure in the market outweighs buying interest, potentially triggering further downside.
Therefore, for HBAR, slipping below this key support level reinforces bearish sentiment and increases the likelihood of continued price weakness.
Further, the token’s Elder-Ray Index, which measures the strength of its bulls against the bears, shows continued dominance by sellers. The indicator’s red histogram bars remain below the zero line, printing -0.028 at press time.
The indicator has persistently returned negative values since May 24, highlighting a lack of bullish power even during the recent price uptick.
Can Bulls Save HBAR? Price Eyes Critical Support at $0.153
HBAR currently trades at $0.168, with its 20-day EMA forming a dynamic resistance above it at $0.184. This suggests that any uptrend may face strong rejection unless buying momentum strengthens significantly.
Without a strong demand for HBAR, it could resume its decline and fall toward the support floor at $0.153. Should the bulls fail to defend this level, the price fall could deepen to reach $0.124.
However, a resurgence in buying pressure will invalidate this bearish outlook. The token’s price could climb above the 20-day EMA to trade at $0.19 in that scenario.
Cardano has been trading in a tight range this week, but a breakout could follow soon. With the SEC’s big ETF decision set for tomorrow, traders are hopeful that this could spark a bullish move for ADA.
The odds of an ADA ETF approval have surged to 71% on Tuesday on Polymarket, the highest since April 20. This comes ahead of a key May 29 deadline for the SEC to decide on Grayscale’s proposed Cardano ETF.
Grayscale’s Cardano $ADA ETF deadline for decision is this week.
The SEC must approve, deny, or delay it by this Thursday, May 29.
The SEC has up to 240 days to review Grayscale’s spot ADA ETF filing, with the final deadline set for October 22. According to the official acknowledgement on February 24, it can delay its decision multiple times. So, a delay could be more likely instead of rejection or approval.
ADA Holds Steady, ETF Optimism Peaks at 71%
In mid-April, the chances of approval before the end of 2025 were only 37% on Polymarket. But the odds now over 70% show that traders are optimistic even after the SEC delayed XRP ETFs recently.
Eric Balchunas, ETF analyst at Bloomberg, says there’s a 75% chance the ETF will launch this year. He also thinks the SEC might approve several crypto ETFs as soon as this summer.
XRP, Solana (SOL), and Dogecoin (DOGE) are also in the ETF spotlight, with multiple spot filings in play. Polymarket shows strong odds for approvals before 2025 – 84% for XRP, 83% for SOL, and 67% for DOGE.
Cardano’s Ecosystem Trails
A key hurdle Cardano is facing is its ecosystem underperformance. The network currently supports only 48 DeFi apps, holds $443 million in total value locked, and has only $31 million in stablecoins. However, newer chains like Unichain and Sonic are outpacing Cardano by a wide margin.
Technicals Signal Bullish Setup for ADA
Cardano’s technicals are bullish as the weekly chart is flashing bullish signals. It continues to trade above the 100-week moving average, a key long-term support level. If the momentum holds, it could retest last year’s high of $1.207. If it breaks out above that level, then $2 may be next. It is currently trading at $0.7524.
RSI is neutral at 51, but MACD and momentum indicators are slightly bearish, which shows short-term weakness. But long-term trends 30-, 50-, 100-, and 200-day EMAs remain bullish with strong long-term support.
The decision tomorrow could be a major catalyst for ADA’s next move. An approval from the SEC could open the door to institutional money and send ADA soaring past $0.84, kicking off a fresh rally.
The post Cardano Price News: Will ADA Cross $1 on SEC Verdict Day? ETF Approval Odds Now at 71% appeared first on Coinpedia Fintech News
Cardano has been trading in a tight range this week, but a breakout could follow soon. With the SEC’s big ETF decision set for tomorrow, traders are hopeful that this could spark a bullish move for ADA. The odds of an ADA ETF approval have surged to 71% on Tuesday on Polymarket, the highest since …
Grayscale’s Cardano