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Crypto

Shiba Inu daily burn rate jumps more than 88 percent as U.S., Japan trading infrastructure expands

Shiba Inu sent 39.23 million SHIB to an inaccessible dead wallet over the past 24 hours, pushing its daily burn rate up more than 88 percent. Weekly burn pace slowed, while market interest held as trading support expanded in the United States and Japan. Over the past seven days, 192.84 million SHIB was burned, though the weekly burn rate fell 38.86 percent. SHIB also posted a sharp short-term rise before entering a support test area.

Crypto

XRP whales accumulate 642 million near $1 on hopes for U.S. SEC easing

Large XRP holders accumulated more than 642 million XRP near the psychological support level of $1 as the U.S. Securities and Exchange Commission proposed measures to ease token fundraising rules. XRP traded around $1.0052 as broader crypto markets stabilised after last week’s drop. Big wallets increased holdings through additional purchases in early and mid-August, while large-value XRPL transactions surged. Ripple also raised funds via a private bond sale and reported diverging RLUSD burn trends across chains.

Crypto

Nasdaq-listed medical data firm OneMedNet sells all bitcoin holdings amid cash shortfall

Nasdaq-listed healthcare data company OneMedNet has sold all of its bitcoin holdings as of end-June, reporting 0 BTC in its quarterly filing. The company warned that its liquidity is insufficient to cover operating needs for the next 12 months and said the conditions raise substantial doubt about its ability to continue as a going concern. It has relied on selling treasury bitcoin to fund operations and is increasingly turning to external financing and share issuance.