Shiba Inu’s profitable supply has collapsed by 62% in a week, highlighting how quickly sentiment can reverse in high-beta tokens despite recent rallies.
Bitmine’s ETH treasury now represents over 3% of the circulating supply, while Standard Chartered outlines a long-term $40,000 valuation thesis tied to Ethereum’s infrastructure role.
Bitcoin ETFs saw net inflows led by Fidelity, even as controversy around a politically linked token reignited concerns over transparency and liquidity risks.
The crypto market is navigating a volatile phase marked by sharp memecoin drawdowns, aggressive corporate accumulation, divergent institutional forecasts, and renewed scrutiny over token launches tied to public figures. Here are today’s development highlights.
Shiba Inu (SHIB) is trading at around $0.00000842, down 2.7% in the last week, as on-chain data points to a drastic fall in the profitability of the holders.
At the start of the year, approximately 140 trillion SHIB tokens were profitable due to a December rally that momentarily took prices to $0.00001000.
The profit-making tokens decreased by 62% in just one week, and only 57 trillion tokens remained in profit. Such a drastic contraction points out the rapid market conditions turning against the SHIB holders.
From a technical standpoint, SHIB is trading just above a key support area close to $0.00000836, corresponding to its 50-day EMA.
Bitmine Immersion Technologies disclosed that it added more than 24,000 ETH over the past week, lifting its total holdings to approximately 4.17 million ETH, about 3.4% of Ethereum’s circulating supply.
The company now reports roughly $14 billion in combined crypto and cash holdings, including nearly $1 billion in cash reserves.
Notably, around 1.26 million ETH is now staked, reflecting Bitmine’s growing focus on yield generation and network participation.
Bitmine’s accumulation highlights a broader trend of crypto treasury strategies, though holdings remain highly concentrated.
Standard Chartered projects Ethereum (ETH) could reach $40,000 by 2030, even as it lowered its end-2026 forecast to $7,500.
According to the bank’s analysis, Ethereum’s relative position versus Bitcoin is improving, driven by its central role in stablecoins, tokenized real-world assets, and decentralized finance.
Scaling upgrades aimed at increasing layer-1 throughput by up to tenfold over the next few years are also expected to support long-term valuation.
Crucially, Standard Chartered argues that the cleaner expression of this lies in the ETH/BTC ratio, rather than short-term dollar price targets.
Also Read: What is ERC-8004? Ethereum Meets AI Agents & How it Will Work?
A Kraken-backed SPAC, KrakAcquisition, has filed with the SEC to raise $250 million in an IPO, targeting companies building core services for the digital asset ecosystem.
Incorporated in July 2025 as a Cayman Islands exempted company, KrakAcquisition plans to offer 25 million units at $10 each and expects to apply to list the units on the Nasdaq Global Market under the ticker symbol “KRAQU,” according to the SEC filing.
While the SPAC is targeting businesses in crypto infrastructure, Kraken reportedly filed a separate confidential Form S-1 in November seeking to list its common stock in a potential IPO as well.
While the SPAC has not yet identified a target, its leadership includes senior personnel connected to Kraken, underscoring continued institutional interest in crypto infrastructure even amid market volatility.
Controversy erupted around a memecoin promoted by former New York City mayor Eric Adams.
The so-called “NYC Token” briefly surged to a market capitalization near $580 million before on-chain data revealed that a wallet linked to the deployer removed roughly $2.5 million in liquidity at the peak.
Although some funds were later returned, around $900,000 was not, prompting accusations of a possible rug pull.
This has reignited concerns around transparency, token allocation, and the risks associated with politically branded crypto projects, especially when governance and fund usage remain unclear.
According to SoSoValue, the Bitcoin spot ETF saw a total net inflow of $116.67 million yesterday. Fidelity's ETF FBTC saw the highest net inflow of $111.75 million, and the total historical net inflow of FBTC currently stands at $11.8 billion.
Grayscale's ETF GBTC saw an inflow of $64.25 million. The Bitcoin Spot ETF with the highest net outflow yesterday was BlackRock's ETF IBIT, with a net outflow of 70.66 million.
The total net asset value of Bitcoin Spot ETFs is 118.65 billion, with an ETF net asset ratio of 6.49%.
Also Read: Is Bitcoin Hurting Financial Inclusion? The Energy Debate You Need to Know
1. Why did SHIB's profitability drop so sharply?
On-chain data shows a rapid shift in price action after December’s rally, pushing most holders back into unrealized losses as SHIB slipped toward key technical support levels.
2. Why is Bitmine accumulating so much Ethereum?
Bitmine is pursuing a treasury strategy focused on long-term ETH exposure and yield generation, with a significant portion of its holdings now staked to earn protocol rewards.
3. Why does Standard Chartered see $40,000 Ethereum?
The bank’s long-term thesis is based on Ethereum’s dominance in stablecoins, tokenized assets, and DeFi, along with expected scalability upgrades that could expand network capacity.
4. What do the latest Bitcoin ETF flows signal?
Net inflows of $116.67 million suggest continued institutional interest, even as flows remain uneven across issuers and broader market volatility persists.
5. What is the concern around the NYC Token controversy?
Liquidity removal by a deployer-linked wallet raised red flags about token transparency, reinforcing risks tied to politically branded crypto projects without clear governance structures.
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