Shiba Inu Burn Rate Plummets 63% in One Week

• Shiba Inu (SHIB) burn rate has decreased by 63% in the past week.
• The community has burnt up to 856 million SHIB tokens, valued at $9,000.
• Despite the buzz surrounding Shibarium, token burns have been on a downward slope for 4 weeks.

Shiba Inu Burn Rate Falls 63%

The shiba inu (SHIB) burn campaign has seen a sharp decline of 63% over the past week. According to Shibburn, a dedicated shiba inu burn-tracking resource, the community has incinerated up to 856 million SHIB tokens, currently valued at $9,000. This marks the fourth consecutive week of persistent declines despite the buzz surrounding Shibarium and its beta launch on March 11th.

Previous Week’s Burn Rate

As of March 20th, the weekly burn rate amounted to 1.49 billion shiba inu tokens; this was still comparatively higher than the latest figure but marked a 69.26% drop from two weeks ago. These persistent declines have been dominant throughout this month despite occasional spikes in daily burns and excitement around Shibarium’s layer-2 network development.

Price Action of Shiba Inu

Despite these drops in token burns, SHIB is still registering modest losses amid market-wide turbulence; it is currently down 2.5% over the past week trading for $0.000011 at press time. Two weeks ago allegations surfaced claiming that Dogecoin creator Jackson Palmer was involved with Shibu Inu’s price manipulation which caused an immediate reaction from investors causing its price action to plummet significantly before eventually recovering back to pre-allegation levels days later as investors regained confidence in SHIB’s future potential growth prospects due to its adoption within DeFi applications and beyond as an innovative utility token asset class..

Shibarium Mainnet Launch & Benefits

The full deployment of Shibarium on mainnet is expected to provide support for further token burning initiatives as 70% of all fees from transactions will be used for burning purposes once launched; this could potentially increase investor sentiment towards SHIB if successful given its deflationary model as well as create demand for holding onto SHIB tokens rather than selling them off quickly due to their scarcity and limited supply cap given only 589 billion total supply exists compared with more widely adopted crypto assets such as Bitcoin or Ethereum which both have much larger supplies than other altcoins like Shibu Inu which can make them more attractive investment opportunities depending on individual investor risk appetite considerations..


As Shibu Inu continues on its journey towards becoming one of the leading altcoin projects across DeFi space and beyond it remains important that investors remain vigilant when assessing current news updates while also trying not to get too caught up into any FOMO buying mentality that can occur during periods of heightened volatility especially given how quickly prices can move nowadays due to increased liquidity levels across crypto markets in general so always remember your personal financial goals before investing into any digital asset whether it be crypto or traditional stocks/bonds etc

Gap in Bitcoin Chart Could Bring Down Value: Peter Brandt

• Peter Brandt recently went to Twitter to highlight two significant gaps in bitcoin’s chart that still need to be filled, and recommended traders to short the digital currency.
• The surge in the value of bitcoin has been driven by a wave of liquidations following the failure of SVB bank and the subsequent bank run.
• According to the idea of gaps, the market will ultimately return to these empty regions and fill the gap, which will lead to a reversal in price at some point in the future.

Peter Brandt Warns Chart Gaps Could Bring BTC Down

A well-known trader named Peter Brandt recently went to Twitter to highlight two significant gaps in bitcoin’s chart that still need to be filled. He told traders to short bitcoin, insinuating that the digital currency’s value would decline in the not-too-distant future.

What are Chart Gaps?

On a chart, gaps are the empty areas that develop when an item’s price dramatically moves up or down, but there is no trading activity between these price levels. A substantial change in the attitude of the market or dissemination of important news often brings them on.

The Market Surge

The latest surge above $28,000 for bitcoin has been driven by a wave of liquidations that followed failure SVB bank and subsequent bank run. Many investors have begun looking towards cryptocurrencies as a haven in hopes of shielding their assets from market collapse.

Gaps Hypothesis

The gaps hypothesis proposes that all gaps in markets ought to be filled at some point in future. According to this theory, if these gaps aren’t filled it could lead to a decrease in Bitcoin’s value.


It is essential for traders and investors alike take extra caution when it comes cryptocurrency investments due its inherently unstable character. Despite this warning it is still important for investors remain aware of potential ramifications associated with unfilled chart gaps.

Curve Finance Reaches Record Peak: $7B in 24 Hour Trading Volume

• Curve Finance reached $7 billion in trading volume on March 11, smashing previous records.
• The event was triggered by the collapse of Silicon Valley Bank (SVB) and the depegging of USD Coin (USDC).
• MakerDAO submitted an „urgent executive proposal“ to try and limit risks to the protocol by restricting the ability to mint DAI using USDC.

Curve Finance Achieves Record Trading Volume

Curve Finance experienced its highest daily trading volumes ever on March 11, surpassing $7 billion in a single day. This record is due to crypto whales competing for assets after the USDC depeg caused by the collapse of Silicon Valley Bank (SVF).

Imbalanced Currency Pools

The sell-off of USDC has caused imbalanced currency pools in Curve Finance, resulting in the stablecoin dropping below its $1 peg. This news spreads fear and uncertainty across cryptocurrency markets as USDC had a market capitalization of over $42 billion as of Jan. 31 and is used as collateral in several different stablecoin ecosystems.

MakerDAO Proposal

In response to this development, MakerDAO submitted an „urgent executive proposal“ to try and limit risks to the protocol by restricting the ability to mint DAI using USDC. MakerDAO holds reserves worth approximately $2.85 billion USDC (3.1 billion USDC), making it one of the most significant holders overall.

USDC Bulls Active

Despite these developments, USDC bulls are active as it gained over 4.5% in price valuation at the time of writing, trading at $0.99 with a market cap increase of 4%, taking it to $40,826,989,539 as of March 13th .

Uniswap Takes Lead

At this time, Uniswap surpassed Curve’s daily trade volumes according to DefiLlama with TUSD being supported by three prominent stablecoins; USD Coin (USDC), Tether (TUSD), and TrueUSD (TrueUSD).

Blur Plunges 99% From All-Time High, Here’s Why

• Blur is an NFT marketplace built on the Ethereum blockchain that’s taken the crypto world by storm lately.
• It has surpassed OpenSea in trading volume and captured 53% market share shortly after its launch.
• Its native token plunged 99% from all-time high, seemingly due to its point-based distribution approach.

What is BLUR?

BLUR is a non-fungible token (NFT) marketplace built on the Ethereum blockchain that’s been taking the crypto world by storm lately. Founded by Tieshun Requerre, an MIT graduate, it has become one of the most popular NFT platforms and achieved impressive trading volumes of $1.58 billion over the last 30 days as of Mar 6 according to DappRadar.

How Has Blur Taken NFT Markets By Storm?

Blur has taken NFT markets by storm through its game changing features such as allowing users to buy multiple NFTs from different marketplaces in one fell swoop and incentivizing users to fill their liquidity pool order book through its point system reward mechanism with airdrops. This reward system assigns a risk score to each order which rewards higher bids & lower asks via airdrops.

Price Action Of BLUR Token

The excitement surrounding Blur’s ascent was palpable but so was the rapid decline of its price, which has plunged over 18% in the past seven days as of Mar 6, now trading at a mere $0.69 and down a colossal 98% from its all-time high of $45.98.

Analysts‘ Opinion On BLUR Token Plunge

Delphi Digital has attributed this price plunge mainly due to its point-based distribution approach that incentivizes users to fill liquidity pools order books with higher bids & lower asks via airdrops instead of longer term hodling expectations for investors who invest in these tokens initially expecting huge returns soon after investing in these tokens which eventually leads them into disappointment when they don’t get those returns leading them into selling off their tokens further driving down prices even more .


In conclusion, Blur has been making waves recently with its innovative features that have disrupted traditional non-fungible token markets; however, it appears that its native token is feeling some heat due to investors not receiving expected returns soon enough leading them into selling off their tokens driving prices even lower than before. Despite this momentary dip in prices, analysts remain optimistic about Blur’s potential for long term growth due to continued innovation and adoption within the space

SEC Pressure Causes USDC and BUSD Troubles: What’s Next?

• The US Securities and Exchange Commission (SEC) issued a Wells notice to the BUSD issuer Paxos earlier this month.
• Since then, the number of USDC sending addresses and BUSD transfers have dropped to 1-month and 5-month lows respectively.
• The mean transaction volume for BUSD has surged to 8-month highs, while its market cap has fallen by nearly $6 billion.

SEC’s Pressure on Stablecoins

The US Securities and Exchange Commission (SEC) recently issued a Wells notice to the BUSD issuer Paxos, causing drops in both USDC sending addresses and BUSD transfers. Data provider Glassnode reported that the seven-day median average of USDC sending addresses had dropped to a one-month low of 1,384.976, while the number of BUSD transfers had decreased to a five-month low of 85.720.

BUSD’s Mean Transaction Volume Surge

On the other hand, Glassnode also reported an eight-month high in terms of mean transaction volume for BUSD with $886.3 million being recorded as its seven-day median average. This was an increase from its previous eight-month high which was recorded on August 23rd 2022 at $880.9 million according to data provided by Glassnode itself.

Market Cap Fall for Both Coins

CoinMarketCap data shows that USDC’s total market cap fell from around $42 billion before news broke out about SEC’s pressure on stablecoins to around $40 billion after Changpeng Zhao (CZ), CEO of Binance tweeted about it on Valentine’s Day. Similarly, Binance USD’s market cap has reduced from over 16 billion at the time when CZ tweeted about SEC’s pressure to under 11 billion at present according to CoinMarketCap data.

Circle CEO Reacts To SEC Pressure On Stablecoins

Jeremy Allaire, CEO of Circle which is the issuer behind USDC gave his opinion on this situation saying that SEC may not be the right regulator watch stablecoins but rather banking regulators could be more suitable for this role according to what he said on February 24th 2021 during his statement regarding this issue .


It is clear that SEC’s pressure on stablecoins has caused significant losses in terms of capitalization for both USDC and BUSD as well as drops in number sending addresses and transactions numbers for these coins with only some minor gains seen in terms of mean transaction volumes where it reached 8 month highs according to Glassnode’s data although some people think that banking regulators would be better suited than SEC when it comes down regulating stablecoins such as those two mentioned above .

CoinShares Reports Q4 Financials Despite FTX Setback

• CoinShares released its Q4 2022 financial report, showing a continued focus on institutional offers and managing digital assets.
• The company experienced a setback due to the insolvency of FTX and needs to find out how much of its assets can be recovered or if they can collect their funds.
• Galois Capital, a hedge fund, announced it was ceasing operations due to losses brought on by the collapse of FTX.

CoinShares Releases Financial Results

CoinShares, a digital asset investment group, has shared its Q4 2022 financial report, showing a continued focus on institutional offers and managing digital assets. The fund manager is still unsure of possible asset recovery efforts after FTX collapsed at the end of 2022 after returning to profitability in Q3 of the same year.

The FTX Effect

Following FTX’s bankruptcy filing, CoinShares claimed over $31 million in funds were trapped in the exchange. The fund manager needs to find out how much of the assets can be recovered or if they can collect the funds. CEO Jean-Marie Mognetti also claimed that the insolvency of FTX derailed the company’s ability to introduce its algorithmic trading platform, HAL, across Europe. Despite this, Mognetti believes that CoinShares will enter 2023 with specific objectives including focusing on growing its institutional products and digital asset management business.

Galois Capital Closes Its Doors

Although CoinShares survived the FTX storm, Galois Capital did not fare as well. The hedge fund informed investors on Feb 20th that it was ceasing operations due to losses brought on by the collapse of FTX and decided to sell off its claims to bidders better equipped to pursue bankruptcy claims and return remaining funds to investors .


Despite difficult financial conditions following FTX’s insolvency filing in late 2022, CoinShares remains financially stable with strong levels of inflow into their physical ETPs recorded for Q4 2023. Similarly Galois Capital closed down which led investors selling their claim better equipped for bankruptcy claims and returning remaining funds back them


•CoinShare’s Q4 Financial Report shows an increased focus towards Institutional Offers & Digital Asset Management
•FTX Insolvency impacted both CoinShare’s & Galois Capital’s finances
•CoinShare graduated Nasdaq Stockholm’s primary market despite difficult market conditions •Galois Capital ceased operation & sold off their claims

Fantom Gains 10% Despite Whale Dumping: On-Chain Data

• Fantom’s native $FTM token has posted a more than 10% price gain in the past 24 hours despite increased selling activity on centralized exchanges by whales.
• More than 8 million FTM tokens were dumped on centralized exchanges on Valentine’s day, increasing the token supply by 7.04 million $FTM on these platforms.
• According to Coingecko, the price of $FTM has witnessed a 10.6% increase in the past 24 hours, exchanging hands for $0.519213, with a trading volume of $728,951,739.

Fantom Sees Decent Gains Despite Whale Dumping

Fantom’s native crypto asset, the $FTM token has shown decent gains in the past 24 hours despite increased selling activity from whales and sharks on centralized exchanges. The token is up 10.6% over the last day and 59.3% over the last 30 days according to data from CoinGecko; however it is still down 11.4% over the last 7 days and 85% since its all-time high in October 2021. Early investors who purchased around March 2020 are still showing massive profits of 27,204%.

Whales Dump 8 Million Tokens

On Valentine’s Day this month 8 million FTM tokens were dumped on centralized exchanges resulting in an increase of 7.04 million FTM tokens on those platforms according to crypto analyst Ali Martinex. Shark and whale addresses holding between 10K – 100M FTMs have dropped a total of 259.7M worth coins over 4 weeks which have largely been scooped up by micro investors holding 0-1 FTMs according to Santiment Analytics data tracking platform.

Price Performance Overview

The current trading price of FTM tokens is at $0.519213 according to CoinGecko with a 24 hour trading volume of 728 million dollars at time of writing this article; This puts it up 10% from where it was yesterday but down 11% from where it was seven days ago as previously mentioned before and 85% lower than its all-time high back in October 2021 when it reached 3$.

Long Term Profitability

Early adopters who purchased FTM tokens around March 2020 are currently showing huge profits with returns of 27,204%, making them one example among many projects that have seen impressive return rates for their investors especially during bear markets such as today’s market conditions


Despite heavy dumping activity by whales and sharks in recent weeks, Fantom’s native asset shows strong signs of recovery as its price continues to surge upward over short term periods while still maintaining impressive long term profitability for early adopters who bought into the project back when prices were much lower than they are today

Andrew Tate’s Crypto Stash Seized by Romanian Authorities

• Andrew Tate, a British-American social media influencer and five-time world kickboxing champion, was arrested in Bucharest, Romania in December 2022.
• Romanian police seized millions of dollars worth of luxury cars, homes, and watches from Tate and his associates. They also seized hardware wallets containing digital assets worth over a hundred thousand dollars together.
• Tate has expressed support for cryptocurrencies as a hedge against inflation but is accused of using crypto to dodge taxes and setting up a pornographic webcam business.

Andrew Tate Arrested

In December 2022, notorious British-American social media influencer and five-time world kickboxing champion Andrew Tate was arrested in Bucharest, Romania on charges of human trafficking, sexual assault, and forming an organized criminal enterprise.

Police Seize Assets

Romanian authorities seized millions of dollars worth of luxury cars, homes, and watches from Tate and his associates during the arrest. In addition to these items, they also confiscated hardware wallets containing digital assets including five bitcoins (BTC) worth about $110k for Andrew held in his girlfriend’s wallet and 16 bitcoins held by his brother Tristan amounting to a total of $465k.

Tate Praises Crypto

Tate praised cryptocurrencies such as Bitcoin (BTC) & Ethereum (ETH) for their potential to act as a hedge against inflation – which he mentioned in a mutual back-patting exchange with Michael Saylor – CEO of MicroStrategy – on Twitter. He went so far as to encourage others to invest in them too.

Accusations Of Tax Evasion

However it seems that Tate may not be entirely above board when it comes to crypto investments as Bruce Rivers – famous criminal lawyer – has made accusations that he bragged about using crypto to dodge taxes with The Mirror report suggesting he made an impressive $600K per month employing 75 sex workers while avoiding paying tax through the use of cryptocurrency payments instead.

Controversial Side Exposed

Adding fuel to the fire is Tate’s controversial side exposed through the setting up of a pornographic webcam business which further brings into question how much conviction or financial gain lies behind his fondness for digital currencies.

Cryptocurrency: Revolutionize Your Everyday Transactions!

• Cryptocurrency can be used for everyday transactions, such as buying groceries and paying rent.
• It offers cost-saving benefits, such as no fees associated with the transaction and faster processing times.
• It also provides security benefits, such as strong encryption technology and anonymity.

The Benefits of Using Cryptocurrency for Everyday Transactions

Cost-Saving Benefits

Cryptocurrency transactions are much faster than traditional payments, which can be especially beneficial if you’re dealing with international customers who may not have access to traditional banking services. For example, at online casinos like, cryptocurrency can help reduce the cost of processing payments since there are no fees associated with the transaction. This means that more of the customer’s money goes directly to the casino, cutting out the middleman. And because these transactions are much faster than traditional payments, they can be processed quickly and without delays. As a result, customers have access to their funds right away.

Investment Opportunities

Investing in cryptocurrency can provide access to new markets and opportunities that may not be available through traditional investments. For example, some cryptocurrencies offer access to projects still in their early stages of development but can become very successful in the future. Finally, investing in cryptocurrency can also give investors greater control over their assets since they do not need to rely on third parties such as banks or brokers when trading or transferring funds.

Enhanced Security

Cryptocurrency is becoming increasingly popular due to its security benefits. Transactions are secured by advanced encryption technology, making it nearly impossible for hackers or other malicious actors to access your funds. Cryptocurrency transactions are anonymous and decentralized, meaning no single entity can control them or manipulate their value. This makes it much harder for criminals to use cryptocurrency for money laundering or other illegal acts.


Using cryptocurrency for everyday transactions has many advantages including cost savings from not having any processing fees associated with the transaction; investment opportunities from accessing new markets; and enhanced security from advanced encryption technology and decentralization of funds away from any one entity’s control.

Investigations Into Contis Bank May Impact Binance Exchange Services

• Lithuanian financial watchdog has released a list of payment service providers to be investigated in 2023.
• Binance Visa card issuer, Contis, is one of the networks under investigation.
• Investigations into Contis Bank will be conducted in Q1 2023, which could affect services delivered by Binance exchange.

The Lithuanian financial watchdog recently released a detailed list of payment service providers to be investigated in 2023, causing uncertainties for some crypto networks. The list includes Revolut, Swedbank, UCCU, LTL Credit union, Finansines Paslaugos Contis, UAB Rebellion Fintech Services, UAB Guru Pay, and many more. Among the networks under investigation is Contis, a business partner with Binance exchange.

Contis Bank is being investigated for various issues, including security and ICT risk management issues, and violations of anti-money laundering and counter-terrorist financing provisions. The connection between Contis and Binance could have an impact on service delivery in the exchange, especially in the first quarter of 2023 when the investigations are expected to take place.

Binance has faced regulatory scrutiny from various regulatory bodies, including the U.S. Department of Justice. Last year, the exchange was fined for failing to register as a money service business in the United States. In addition, the platform was accused of involvement in the laundering of stolen funds. Binance is yet to comment on the current situation in Lithuania, but the connection between Contis and the exchange could result in further regulatory issues.

It remains to be seen how the investigations into Contis Bank will affect Binance exchange and other crypto networks. In the meantime, it is important for crypto users to be aware of the situation and take necessary precautions to protect their investments.