Just $7 in SHIB Burned? Shiba Inu Burn Rate Makes Unexpected Reversal

According to Shibburn, just $7 worth of SHIB was burned in the last 24 hours. 1.38 million SHIB were burned in the past day, fewer than that seen the day before last. This led to the daily burn rate dropping 87.63%.  The slowdown also triggered a reversal in Shiba Inus daily burn rate, as the day before last saw the burn rate rise as much as 706%. 17,464,058 SHIB were burned the day before last, which saw a 706% surge in the timeframe.  Shiba Inus token burn rate, however, took an unexpected turn, with the latest data from Shibburn showing that only about $7 worth of SHIB was removed from circulation over the past 24 hours. Shiba Inu burns remain ongoing, with fresh transactions adding to those burned earlier.  Shiba Inu (SHIB), Near Protocol (NEAR), Solana (SOL) and Cardano (ADA) Price Analysis for August 6: Will Liquidity Surge This Week?  Dogecoin (DOGE), XRP, Hyperliquid (HYPE) and Bitcoin (BTC) Price Analysis For August 5: Markets Attempt to Regain Relevancy  You Might Also Like  In the last seven days, 315.80 million SHIB were burned, with the weekly burn rate down 69.94%. A contrast is seen on the monthly timeframe. In the last 30 days, the Shiba Inu burn

08-06انڈسٹری

Straits talk opens markets, again

USD: Sep26 isUpat 99.650.  Energies: Sep 26 Crude is Up at 75.82.  Financials: The Sep 26 30 Year T-Bond is Lower by 2 ticks and trading at 109.29.  Indices: The Jun 26 S&P 500 emini ES contract is 60 ticks Higher and trading at 7764.50.  Gold: The Aug26 Gold contract is trading Up at 4329.00  Initial conclusion  This is not a correlated market. The USD is Up and Crude is Up which is not normal, and the 30-Year T-Bond is trading Lower. The Financials should always correlate with the US dollar such that if the dollar is Higher, then the bonds should follow and vice-versa. The S&P is Higher and Crude is trading Higher which is not correlated. Gold is trading Higher which is not correlated with the US dollar trading Up. I tend to believe that Gold has an inverse relationship with the US Dollar as when the US Dollar is down, Gold tends to rise in value and vice-versa. Think of it as a seesaw, when one goes Up the other goes Down. Asia traded Mixed. All of Europe is trading Higher.  Possible challenges to tradersChallenger Job Cuts y/y is out at 5:30 AM EST. Major.Unemployment Claims is out at 8:30 AM EST. Major.Prelim Nonfarm

08-06انڈسٹری

US ISM Services PMI Hits 54.1: Will the Crypto Market Face More Fed Pressure?

US ISM Services PMI has surged from last months 54 to 54.1, influencing the crypto market. The report suggests that the services sector has been significantly expanding.As inflation remains elevated, the Fed may choose a hawkish stance at the next FOMC.   Following the US ISM Manufacturing PMI report, today‘s ISM Services PMI offers a more comprehensive view of the world’s largest economy. As the services sector remains dominant in US economic activity, investors are closely watching the report. This is because the report can provide hints on inflation, interest rates, and the Federal Reserves next policy decision, which could ultimately influence the crypto market.  What Does the Latest ISM Services Report Mean for the Crypto Market?  On August 4, 2026, the United States released the ISM Services PMI data. The report showed that the services sector has been expanding in July. The figures slightly surged to 54.1, up from the previous months 54. This suggests that consumer demand and business activity are still holding up.  This is a significantly optimistic development for the crypto market. A resilient service sector is a positive catalyst for risky assets like Bitcoin and other cryptocurrencies. As the economy remains strong, investors may choose to invest in the

08-06انڈسٹری

Crypto Today: Bitcoin and Ethereum gain ground as XRP extends decline amid potential Iran-Oman deal

The cryptocurrency market is somewhat lethargic on Thursday, with Bitcoin (BTC) approaching $65,000, Ethereum (ETH) holding above $1,900 while Ripple (XRP) trades under pressure around $1.05. This mixed outlook comes ahead of a potential deal between Iran and Oman on the management of shipping through the Strait of Hormuz. Still, Iran has denied negotiations with the United States (US).  Iran and Oman eye Strait of Hormuz deal  Iran and Oman are reportedly nearing the finalization of a strategic framework for commercial shipping through the Strait of Hormuz. Despite progress, Iranian Deputy Foreign Minister Kazem Gharibabadi emphasized to Islamic Republic News Agency (IRNA) that any agreement would not necessarily guarantee the immediate reopening of the waterway.  A senior Gulf official assesses the probability of a deal being reached by Friday at 50%.  US Vice President JD Vance stated in a Fox News interview that negotiations with Iran are likely to be “messy”, citing significant challenges posed by Irans fractured political system and negotiating stance.  Moreover, Iran has continued to deny negotiations with the US despite President Donald Trumps optimism on Tuesday that a deal could be announced this week.  Despite Bitcoin and Ethereum sustaining a slightly short-term bullish outlook, crypto market sentiment is back in Extreme Fear

08-06انڈسٹری

Bitcoin Enters Accumulation Zone as 41 of 45 On-Chain Indicators Hit Cycle Lows

Bitcoin (BTC) has entered a historical accumulation zone. Glassnode data shows 41 of 45 on-chain indicators sitting in the bottom two quintiles of their cycle ranges.  CryptoQuants Adaptive Sell-side Risk Ratio tells the same story from a different angle. However, both data sources stop short of calling a confirmed bottom for the current bear market.  41 of 45 On-Chain Indicators Point to Capitulation Territory  Glassnodes Bitcoin Cycle Composite compresses 45 on-chain indicators into a single score from 0 to 100. The gauge currently reads 19.9, deep in the cold zone reserved for capitulation phases. It last visited this area in late 2022, after the FTX collapse.  Bitcoin Cycle Composite time series at 19.9, the coldest reading since late 2022 Source: X  The move happened fast. According to pseudonymous analyst n3ocortex, who published the dataset on X, the composite median stood near 33 three months ago. Today, it has slipped to roughly 20, and 41 of 45 indicators sit in the bottom two quintiles.  Discover more  Personal finance tips  Ethereum investment guide  Fintech  Bitcoin Cycle Board Snapshot showing 41 of 45 on-chain indicators in the bottom two quintiles Source: X  Valuation and pricing models show the deepest readings. All figures reflect approximate percentile ranks within each metrics history.IndicatorPercentile rank (approx.)Price Power Law4thCoinbase

08-06انڈسٹری

Silver Price Forecast: XAG/USD clings to gains near $62 with US NFP in focus

Silver price (XAG/USD) holds onto two-day gains at around $62.00 during the European trading session on Thursday. The white metal trades firmly amid hopes of a further decline in oil prices.  In the European trade, the WTI Oil price trades 0.9% higher at around $75, but is closer to its three-week low of $73.51 posted on Wednesday.  Lower oil prices keep global inflation expectations in check, a scenario that diminishes fears of interest rate hikes by central banks. Such a case bodes well for non-yielding assets, like Silver.  Brent holds below $80 as hopes build for US–Iran deal on Strait of Hormuz  Analysts at ING highlight that “ICE Brent continues to trade below $80/bbl as the market pins its hopes on a deal between the United States (US) and Iran” that would “resume energy flows through the Strait of Hormuz.” They note that Iran has “signalled progress toward this goal,” having announced it has reached “an agreement with Oman on new shipping arrangements for the strait,” with “a joint statement on the deal now being prepared,” reinforcing market expectations of a potential easing in supply-route tensions.  Meanwhile, investors await the US Nonfarm Payrolls (NFP) data for July, which will be released on Friday. Investors will

08-06انڈسٹری

Ripple price today Analysis: August 6 Market Stalls Near Support

The crypto market remains in a defensive posture, with XRP caught in a low-conviction holding pattern. As of August 6, 2026, the Ripple price today sits at $1.05, resting on the daily pivot and just above the lower Bollinger Band — a spot that signals indecision more than trend.  XRP/USDT — daily chart with candlesticks, EMA20/EMA50 and volume.Key takeawaysXRP trades at $1.05on August 6, 2026, sitting near the lower Bollinger Band at $1.04Daily EMAs are stacked bearishly: price below 20-EMA ($1.08), 50-EMA ($1.11), and 200-EMA ($1.38)Fear & Greed Index at 25signals Extreme Fear across the crypto marketBTC dominance at 56.7%shows capital remains concentrated in BitcoinThe $1.04–$1.06 range is the critical zone for the next directional signal  The dominant force right now is defensive positioning, not aggressive selling or buying. Bitcoin dominance is parked at 56.7%, according to CoinGecko figures, which means capital is still concentrated in BTC rather than rotating into XRP or other majors. Total crypto market cap sits around $2.29 trillion, up a modest 0.8% over 24 hours. The broader market is not collapsing — it is simply not interested in XRP specifically. Layer on a Fear & Greed reading of 25 (Extreme Fear), and you get a picture of

08-06انڈسٹری

Brent Oil outlook: Near-term action in sideways mode, technical picture remains bearish

Brent Oil  Brent price holds within a narrow consolidation for the second straight day, following Tuesdays massive losses (down over 6% for the day), but the action stays under psychological $80 barrier with upticks capped by 200DMA ($80.73) and the base of daily Ichimoku cloud.  Fresh bears pause despite optimistic news about the latest US-Iran peace talks, as traders remain cautious following failures of previous agreements, as well as on persisting tensions after attacks on Saudi tankers in the Red Sea.  Discover more  Ethereum price tracker  Bitcoin news alerts  Financial literacy resources  Technical picture on daily chart remains increasingly bearish (thick daily cloud weighs/formation of daily Tenkan/Kijun-sen bear cross/strengthening negative momentum), though markets still depend more on geopolitical developments, as currently dominant factor in creating market direction.  Near-term action is expected to remain bearishly aligned while holding below 200DMA/cloud base and pressuring immediate support at $77.64 (Fibo 76.4% of $70.13/$101.97).  Sustained break lower to expose $75.28 (July 10 trough) and $74.25 (lower 20-d Bollinger band) guarding key $70 support zone.  Alternatively, penetration of daily cloud would ease immediate downside risk and expose barriers at $83.73 (Fibo 23.6% of 101.97/$78.10 descend); $86.05/32 (daily Kijun-sen/Tuesdays spike high) and upper pivot at $87.22 (Fibo 38.2%).  Res:80.77; 83.73; 86.05; 87.22.  Sup:78.10; 77.64; 75.28; 74.25.

08-06انڈسٹری

RWA deposits triple to $7.4B despite DeFi slump: CoinShares

RWA deposits across lending platforms and decentralized exchanges reached $7.4 billion in the second quarter of 2026, more than tripling from $2.3 billion a year earlier, according to a report published Aug. 6 by CoinShares.  SummaryRWA deposits more than tripled yearly to $7.4 billion while total DeFi deposits declined 15%.Tokenized asset spot volumes rose 220% as broader decentralized exchange activity fell approximately 70% yearly.Nearly 70% of RWA deposits sat on Ethereum lending venues, reinforcing its established liquidity advantage.TradeXYZs RWA perpetual volume increased about twentyfold since launch, while open interest continued growing steadily.CoinShares measured RWA yields between 3.2% and 5.5%, reflecting different collateral and strategy risks overall.  Over the same period, total DeFi deposits fell about 15% as investors withdrew funds and crypto prices weakened.  The data marks a shift from token issuance toward active financial use. CoinShares said the onchain market value of tokenized funds, stocks and commodities had already passed $40 billion. The $7.4 billion figure covers assets deployed in lending and trading venues, rather than the sectors entire issued value.  You might also like:  What are RWA perpetuals? Trading stocks and commodities as crypto perps  RWA deposits grow while broader DeFi contracts  Tokenized Treasury and multistrategy funds supplied much of the increase. The report named

08-06انڈسٹری

StrongBlock loses $72K after attacker hijacks abandoned governance system

An attacker has drained about $72,000 worth of STRONG and STRNGR tokens after taking control of StrongBlocks abandoned on-chain governance system through a malicious proposal.  According to blockchain security firm Defimon Alerts, the attacker acquired enough voting power in StrongBlock‘s governance to pass a proposal that ultimately transferred administrative control of the protocol’s Governor contract before the funds were removed.  Instead of exploiting a flaw in StrongBlock‘s smart contracts, the attacker used the protocol’s own governance process to gain privileged access. After obtaining administrator rights, the attacker upgraded the Governor proxy to a new implementation that allowed arbitrary contract calls using the Governors authority.  The incident adds to a series of recent crypto security events that have targeted governance systems, supporting infrastructure, and wallet software through different attack paths rather than relying solely on smart contract bugs.  StrongBlock governance was used to seize protocol control  Before the attack unfolded, the attacker accumulated a majority of the protocols STRONG governance token, which Defimon Alerts described as having become nearly worthless after the project was abandoned.  Holding enough voting power, the attacker submitted a governance proposal instructing the Governor‘s Upgrader contract to execute setPendingAdmin(attacker), making the attacker’s address the pending administrator.  Rather than bypassing governance, the proposal advanced through

08-06انڈسٹری
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