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Shiba Inu’s daily trading volume is declining rapidly and making things worse to investors. SHIB is among the least-performing cryptocurrencies in the market this year, with no price spurts in the charts. Its value is relentlessly dipping, leaving traders in a haze as their investments are not rising as planned. They took an entry position when the markets screamed ‘to the moon’, but their portfolio has crashed to earth. The latest SHIB data from Coingecko shows that Shiba Inu’s daily trading volume has declined by 36% over the previous day. The trading activity has reached $134.6 million and is relatively low compared to previous months. This signals bearish sentiments as traders are mostly staying away from SHIB, fearing further losses. New entry positions from traders have dried up, making SHIB rely only on previous buyers. Also Read: Shytoshi Kusama Calls SHIB Elections for $7B Network State President Why is Shiba Inu’s Daily Trading Volume Declining? S...

Tron is once again grabbing mainstream headlines, primarily as the blockchain is now on the cards to go public. Justin Sun’s Tron is now all set to go public through a reverse merger in collaboration with SRM Entertainment. This news has led TRX enthusiasts and holders to reawaken their hope, speculating whether this event may trigger a spectacular price hike in the TRX price. Also Read: TRON Nasdaq Debut via SEC-Approved Reverse Merger, Shares Jump $100M Tron Goes Public Source: CryptoSlate Justin Sun’s crypto-backed Tron has now entered into a reverse merger with SRM Entertainment. This merger simply refers to a process where a company would merge with a public company rather than exploring an active IPO. The method allows a firm to penetrate the public markets at a faster pace, allowing smoother access to the perks. This merger will also push Tron to invest $210 million of tokens into Tron, thereby bolstering its holdings by a notch. The announcement of the firm making its way to th...

Shiba Inu (SHIB) is finally breaking out of its resistance level. The asset is up 8.3% in the daily charts, 6.9% in the weekly charts, 3.9% in the 14-day charts, and 33% over the previous month. Despite the rally, SHIB is still down by 37.3% since May 2024. Also Read: De-Dollarization: The World Is Ditching The US Dollar For These 3 Currencies Source: CoinGecko Cryptocurrencies Surge As Bitcoin Breaches $100,000 Source: Watcher Guru The latest market rally is likely due to Bitcoin (BTC) reclaiming the $100,000 mark once again. SHIB and other crypto assets are following BTC’s trajectory. BTC’s breakout could be due to the Arizona governor signing a digital asset reserve fund bill into law. The move may have boosted investor confidence. Also Read: Ethereum Pectra Upgrade Price: ETH Surges 18% to $2,200 Another bullish development is the Federal Regulator allowing regulated banks to buy, sell, and offer custody services for crypto assets. The approval may have led to SHIB and o...

The UK government has announced the implementation of the Digital Securities Sandbox, a significant initiative aimed at integrating digital assets into the nation’s financial market infrastructure. The UK government, under Chancellor Jeremy Hunt’s autumn statement, announced plans to implement the Digital Securities Sandbox (DSS), showing how financial markets operate and interact with newer technologies. The DSS, slated to begin in early 2024, is part of a broader initiative to enhance the country’s economic growth through technological innovation. By introducing a statutory instrument, the government aims to foster a controlled, yet progressive environment for digital asset applications within financial markets. This sandbox approach provides a unique platform for firms to experiment with digital technologies in a regulated and supportive setting, potentially transforming the way securities are handled and traded. You might also like: UK FCA to introduc...