Shiba Inu dropped approximately 5% despite recording its biggest token burn in six months. The community burned over 110 million SHIB on July 8, pushing the weekly burn total to 152 million SHIB, a 55.77% increase. However, the price continued to decline, showing limited reaction to the supply reduction.
Since launch, the Shiba Inu community has burned more than 410 trillion SHIB, yet roughly 585.6 trillion tokens remain in circulation. The recent burns, while notable, represent only a tiny fraction of total supply and have not materially tightened circulating tokens enough to impact price in the current environment.
The lack of price response points to weak overall demand in the memecoin sector. Memecoins’ share of total altcoin market cap has fallen significantly from over 10% during the Q4 2024 rally to around 3.7% currently. This capital outflow has outweighed the deflationary effect of burns, keeping SHIB sensitive to broader market flows rather than its own tokenomics.
The setup reflects the challenges facing many memecoins: while burns can reduce supply at the margin, sustained price appreciation requires genuine demand and liquidity inflows. With outa pickup in buying interest, deflationary mechanics alone have struggled to reverse the downtrend.
SHIB remains in a weak technical position, with price continuing to trade under pressure despite the accelerated burn activity. The divergence between increasing burns and declining price highlights the dominance of sector-wide liquidity conditions over individual token supply mechanics at present. $SHIB #BTC Price Analysis# #BTC Price Analysis#
Fed Chair Kevin Warsh is testifying on monetary policy in July.
The hearing comes at a critical time as markets navigate persistent inflation concerns and shifting expectations around future rate decisions.
Warsh’s testimony is expected to provide insights into the Fed’s current thinking on inflation trends, labor market conditions, and the appropriate policy stance. With recent PCE data showing elevated readings and core inflation remaining sticky, the focus will likely be on whether the central bank sees room for easing or if a more hawkish posture is required to anchor expectations.
This appearance follows a period where rate cut probabilities have been repriced lower and some officials have openly discussed the possibility of hikes if inflation does not moderate. The testimony could influence near-term market sentiment, particularly around the USD, yields, and risk assets including crypto.
Bitcoin and other major cryptocurrencies have shown sensitivity to Fed-related headlines, often moving on shifts in rate expectations. A more dovish tone from Warsh could provide short-term relief for risk assets, while a hawkish emphasis on inflation control would likely reinforce caution and support the dollar.
The event adds another layer of macro uncertainty in an already volatile period for crypto. Markets will be closely watching for any signals regarding the timing and magnitude of potential policy adjustments in the coming months. $BTC #Macro Insights# #Altcoin Season#
The cross-chain network inside @ston_fi just got noticeably stronger. Avalanche and Arbitrum are now connected, meaning you can swap supported stablecoins between TON and these two chains directly in the app.
The list of supported networks has grown to include Ethereum, Base, BNB Chain, Polygon, Avalanche, and Arbitrum. USDT and USDC are the primary tokens at this stage, giving users real flexibility to move stable value where it is needed most.
All of this runs through Omniston. The protocol coordinates resolvers and uses atomic Hashed Timelock Contracts so the swap either delivers the exact amount shown in the interface or reverts cleanly with a full refund. No custody handoff, no wrapped tokens sitting in limbo, and no extra bridges to manage.
This expansion is meaningful because it reduces the friction that still keeps a lot of capital trapped on single chains. When moving stablecoins between TON and EVM ecosystems becomes this straightforward it changes how people think about allocation and opportunity. You are no longer forced to choose one ecosystem and stay there.
The temporary $1,000 per transaction limit during the initial rollout is a sensible safety measure while they scale liquidity and resolver participation. Expect that to increase as the network matures.
This is another clear step in Omniston’s evolution from TON liquidity aggregator to a true cross-chain execution layer. The direction is obvious: make multi-chain DeFi feel as simple as staying on one chain. 👉 Try cross-chain swaps on STONfi → https://ston.fi 👉 Read about Defi and Crypto → https://blog.ston.fi/
SKYAI has seen an explosive move, surging +59.45% with significant volume on the 1h chart.
The token broke out sharply from a downtrend, printing a large green candle and pushing price to $0.04557. Trading volume reached 1.90 billion SKYAI in 24 hours, reflecting intense short-term interest and liquidity influx.
The chart shows a classic breakout from a descending structure, with price clearing previous resistance and the 50MA. RSI(6) at 73.7 and RSI(12) at 69.4 indicate strong momentum but also overbought conditions on shorter timeframes. The OBV has turned sharply higher, confirming buyer conviction behind the move.
Key levels to watch: Immediate resistance: $0.04667 (recent high) Support: $0.03932 (previous breakout level) and $0.02629 (major low)
The high volume and momentum suggest continued speculative interest in the short term. However, such parabolic moves often see profit-taking and pullbacks, especially when RSI enters overbought territory. A healthy consolidation above $0.039 would support further upside, while a failure to hold recent gains could lead to a quick retracement.
The setup reflects high-risk, high-reward dynamics typical of smaller-cap tokens experiencing sudden attention. The next plan will depend on whether the volume sustains and price holds above the breakout zone or if sellers step in aggressively after the initial surge. $SKYAI #Macro Insights# #Macro Insights#
「Not your keys, not your coins(あなたの鍵ではないなら、あなたのコインでもない)」という言葉はよく繰り返されますが、技術的に説明されることは稀です。本当の自己管理(セルフカストディ)とは、取引の間、あなたの資産が暗号学的なコントロールから一度も離れないことです。第三者—中央集権でも分散型でも—が、一時的に所有権を取得して、あなたが移動を承認する唯一の能力を損なうようなことは起こりません。