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Crypto

Shiba Inu rebounds after Solana launch, raising questions about inflows

Shiba Inu (SHIB) rebounded after launching an official canonical version on Solana. U.Today reported that liquidity migration via the Sunrise bridge was immediately reflected in SHIB’s price. Charts showed a bullish RSI divergence, with SHIB recovering from around $0.000055 and testing the $0.0000588 to $0.0000598 resistance range. Solana’s low transaction fees were cited as a driver, while SHIB’s ERC-20 supply remained unchanged.

Crypto

Circle launches bitcoin-collateral loans for institutions to raise USDC without selling BTC

Circle has started a USDC loan service for institutional clients backed by bitcoin. Eligible Circle Mint customers can deposit bitcoin, mint Circle’s wrapped bitcoin token cirBTC and use it as collateral in supported on-chain lending markets to borrow USDC, which is credited to their Circle Mint balance. Terms are set by external markets, and New York-area clients are excluded. The launch coincides with the Arc layer-1 mainnet release.

Crypto

Trump fourth-term joke followed by $16.91 million TRUMP token transfer to exchanges

About $16.91 million worth of TRUMP tokens were spotted moving to exchanges shortly after U.S. President Donald Trump joked about seeking a fourth term. It was not confirmed whether any sale occurred, but the transfer revived concerns that project-linked holdings could enter the market. A wallet tied to the project moved 10.84 million tokens via custodian BitGo. Traders focused on supply flows as TRUMP has fallen more than 66 percent over the past five months.