SBI Holdings has made Singapore crypto exchange Coinhako a subsidiary, bringing its digital asset holdings into the group ecosystem, including 1.11 trillion Shiba Inu tokens. The acquisition was carried out through SBI Ventures Asset and completed after final approval from the Monetary Authority of Singapore. SBI plans to use Coinhako as a base to expand blockchain-based financial services in Southeast Asia and link users to the yen-pegged stablecoin JPYSC and tokenised real-world asset products.

Meme coin Shiba Inu (SHIB) has fallen 64 percent over the past year, and a $100,000 investment a year ago would now be worth about $36,000, an analysis showed. Crypto analyst Ash Crypto compared one-year returns of major traditional assets and cryptocurrencies. Nvidia rose 74 percent, while the S&P 500 and Nasdaq gained 27 percent and 39 percent. Bitcoin and ether were also shown in losses, while several meme coins and altcoins posted double-digit declines.