The funding will support Superstate’s effort to let companies issue and trade regulated shares directly on public blockchains.

US President Donald Trump has decided not to invade Greenland, which gives Bitcoin some relief from the geopolitical pressures that have been weighing on its price chart.

Railway's funding boost could revolutionize cloud development, enhancing speed and efficiency, and setting new standards in AI-driven workflows.

The post Railway secures $100 million to expand AI-ready cloud platform appeared first on Crypto Briefing.

US GDP growth rose 4.4% in Q3, outpacing expectations and highlighting the resilience and stronger performance of the US economy.

The post US economy grew 4.4% in revised Q3 data, fastest pace in two years appeared first on Crypto Briefing.

Rumors about XRP suddenly becoming useless and less relevant appear to be spreading across the crypto market following the introduction of Ripple’s stablecoin, RLUSD. Crypto market analyst XFinanceBull recently took to X to debunk these claims, stating that, rather than being a potential threat, RLUSD was created to complement XRP’s functionality and use cases on the ledger.

Why Ripple’s RLUSD Poses No Danger To XRP 

In his post, XFinanceBull revealed that many in the crypto community now see XRP as less useful because of RLUSD. These concerns carry weight given the growing dissatisfaction over XRP’s price struggles. Furthermore, with a stablecoin in place, the perception is that XRP’s use cases could deteriorate, especially given RLUSD’s greater stability. 

Addressing these growing concerns, XFinanceBull emphasized that XRP and RLUSD serve different purposes within the ecosystem. His commentary aims to correct the misconception that RLUSD was introduced to replace XRP. The analyst referenced statements from Ripple’s former Chief Technology Officer (CTO), David Schwartz, who, in a video, clearly explained the distinct roles of XRP and RLUSD, highlighting how the stablecoin benefits the altcoin rather than threatens it. 

According to XFinanceBull, Schwartz stated that RLUSD attracts large, credible flows to the XRP Ledger (XRPL), and this capital provides structural benefits to XRP. The analyst declared that RLUSD does not replace XRP, but instead amplifies its functionality. He added that as liquidity grows through the stablecoin, more payment routes are created, leading to increased XRP burns. 

XFinanceBull also noted that every stablecoin trade within the Ripple ecosystem indirectly drives demand for XRP as a bridge asset. He concluded that the world will eventually realize that utility is not defined by a whitepaper alone, but by real transaction flows. He added that although the XRP price may be declining, its rails are still being built.  

How RLUSD Benefits XRP

In the video shared by XFinanceBull, Schwartz stated that RLUSD is designed to benefit XRP. He explained that RLUSD strengthens XRP by introducing more credible assets onto the XRP Ledger, thereby expanding the network’s use cases and creating more opportunities for developers. 

The former Ripple CTO also revealed that adding trusted assets, such as RLUSD, increases trading activity on XRPL’s DEX. According to him, higher trading volume generates both direct and indirect benefits for the decentralized network and its native token, XRP. 

A key advantage of the XRPL DEX is its auto-bridging feature, which uses XRP to facilitate trades between different assets. Schwartz said that this mechanism allows XRP to act as an intermediary, helping users find the most efficient trading routes. He added that RLUSD and XRP are designed to complement each other, given their different roles within the ecosystem. While the stablecoin offers price stability, the altcoin functions as a bridge currency within Ripple’s payment products. This means that as RLUSD usage grows, demand for XRP is reinforced.

BlackRock CEO Larry Fink used the World Economic Forum stage to argue that tokenization needs to move from pilot programs to market plumbing and suggested that a shared blockchain standard could cut costs and even “reduce corruption,” a framing that immediately reignited the “which chain?” debate across crypto and specifically inside the Ethereum community.

Fink didn’t name a network. But the combination of BlackRock’s onchain product footprint and its own research positioning makes Ethereum the most natural candidate for the “one common blockchain” he alluded to, even if he kept it implicit.

Fink’s remarks, delivered in the language of infrastructure rather than crypto evangelism, leaned heavily on the operational case for digitized assets and interoperable settlement rails.

“I think the movement towards tokenization, decimalization is necessary. It’s ironic that we see two emerging countries leading the world in the tokenization and digitization of their currency, that’s Brazil and India. I think we need to move very rapidly to doing that.”

He then pushed the argument beyond payments and into capital markets: “We would be reducing fees, we would do more democratization by reducing more fees if we had all investments on a tokenized platform that can move from a tokenized money market fund to equities and bonds and back and forth.”

The most provocative line was his call for standardization and the trade-off he implied comes with it. “[If] we have one common blockchain, we could reduce corruption. So I would argue that, yes, we have more dependencies on maybe one blockchain, which we could all talk about, but that being said, the activities are probably processed and more secure than ever before.”

BlackRock CEO Larry Fink told the World Economic Forum he thinks the movement toward tokenization and digitization is necessary. We need to move very rapidly to doing that. With one common blockchain, we can reduce corruption.

The “one common blockchain” Larry Fink referenced… https://t.co/sMMcg4oyN1 pic.twitter.com/VhRvuwCx00

— Ethereum Daily (@ETH_Daily) January 22, 2026

Why Ethereum Is Coming Up

In the abstract, “one common blockchain” could be read as a generic appeal for shared rails. In practice, BlackRock’s public-market crypto lineup and its tokenization work have concentrated around Bitcoin and Ethereum.

On the ETF side, BlackRock’s flagship US spot products track bitcoin and ether — iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA) — with ETHA launching in 2024 and now sitting in the center of the firm’s public-facing Ethereum exposure.

On the tokenization side, BlackRock’s first tokenized fund, the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), debuted on Ethereum via Securitize in March 2024, making Ethereum the original issuance network for what has become one of the market’s most closely watched institutional RWAs.

While BUIDL has expanded across multiple networks over time, the key point for Fink’s “common blockchain” framing is that Ethereum has been BlackRock’s default starting point for public-chain issuance, a meaningful signal in a market where “standards” tend to follow whoever already has the deepest liquidity, the broadest integration surface, and the most conservative counterparties.

The stronger tell came this week from BlackRock research rather than Davos soundbites. In its 2026 thematic outlook, BlackRock explicitly floats the idea of Ethereum as the infrastructure layer that collects the “toll” as tokenization scales. One slide asks: “Could Ethereum represent the ‘toll road’ to tokenization?” and adds that stablecoin adoption may be an early proxy for tokenization “in action,” with “blockchains like Ethereum” positioned to benefit.

In the same section, BlackRock cites RWA data “as of 1/5/2026” and notes that “of tokenized assets 65%+ are on Ethereum,” underscoring the network’s lead in today’s tokenized-asset stack.

At press time, ETH traded at $3,005.

A single wallet on Hyperliquid holds a long position worth roughly $649.6 million in Ethereum (ETH), with 223,340 ETH entered at around $3,161.85, with a liquidation estimate near $2,268.37.

As of press time, ETH traded around $2,908.30, and the liquidation threshold sits about 22% below that. This is far enough to avoid imminent danger but close enough to matter if volatility accelerates.

The position has already bled roughly $56.6 million in unrealized losses and another $6.79 million in funding costs, leaving a cushion of about $129.9 million before forced closure.

The same wallet made over $100 million during October's crypto selloff, riding two Bitcoin (BTC) shorts and an ETH long opened in early October to combined profits of $101.6 million across positions that lasted between 12 and 190 hours.

That track record makes the current drawdown notable: not because the trader lacks skill, but because the size of the position and the mechanics of cross-margin liquidation on Hyperliquid create pressure that could ripple beyond a single account.

How cross margin changes the calculation

Hyperliquid's cross-margin system means the liquidation price displayed on the position isn't fixed. It shifts as collateral changes, funding payments accumulate, and unrealized profit or loss accrues across other positions in the account.

The platform's documentation states that, for cross-margin, the liquidation price is independent of the leverage setting. As a result, changing leverage reallocates the amount of collateral backing each position without altering the maintenance margin threshold.

This matters because “liq price” on cross margin is a moving target, not a countdown timer.

The wallet's $129.9 million margin provides breathing room. Still, funding rates on ETH perpetuals can swing quickly during volatility, and any correlated losses in other positions would reduce account-level equity, pulling the liquidation price closer to spot.

What happens when liquidations hit

Hyperliquid sends most liquidations directly to the order book, meaning the forced position closure happens within the perpetual market first rather than dumping spot ETH.

The platform's liquidator vault and HLP backstop absorb trades that fall below maintenance margin thresholds.

If conditions deteriorate to the point that even the backstop can't cover losses, Hyperliquid's auto-deleveraging mechanism kicks in, closing out opposing positions to prevent bad debt.

The spillover to the spot usually arrives indirectly. Arbitrageurs and market makers respond to dislocations between perpetual and spot prices, hedging flows accelerate, and basis spreads widen as leverage unwinds.

That chain of reactions can amplify downward pressure, especially if multiple large positions cluster near similar liquidation levels and trigger cascade effects.

Hyperliquid adjusted margin requirements after a March 2025 episode in which a roughly $200 million ETH long liquidation led to a $4 million loss for the HLP backstop.

The platform responded by introducing a 20% minimum collateral requirement in certain scenarios. That precedent shows Hyperliquid will intervene when large liquidations threaten system stability, but it also demonstrates that backstop losses are possible.

Where leverage clusters

CoinGlass liquidation heatmaps offer a second view of where cascade risk concentrates.

The heatmaps are derived from trading volume, leverage usage, and related data, showing relative-intensity zones where liquidations could cluster if price moves through certain thresholds.

CoinGlass explicitly notes that the maps are relative indicators rather than deterministic forecasts, and that actual liquidation amounts may differ from the displayed levels.

For ETH, recent heatmap data suggests notable leverage clusters between $2,800 and $2,600, with another concentration near $2,400. The $2,268 liquidation threshold for the $650 million long sits below those clusters, meaning it wouldn't necessarily trigger in isolation.

However, if a broader deleveraging wave pushes ETH through the $2,400 zone, that wallet's position would be swept into the cascade.

The 22% downside to liquidation doesn't imply imminent failure, but it does place the position within range of historical ETH volatility. ETH has printed 20%-plus drawdowns multiple times over the past two years, often during correlated risk-off moves across equities and crypto.

The wallet's October success came from timing macro reversals and exiting before momentum flipped.

The current ETH long, by contrast, has been open long enough to accumulate significant negative carry-through funding and mark-to-market losses. The position now depends on ETH reversing course before funding drains more equity or volatility forces a margin call.

The post The “insider wallet” that made over $100M on October tariff trade in threat of liquidation if one asset continues to dip appeared first on CryptoSlate.

President Donald Trump's announcement that he would not impose tariffs scheduled for Feb. 1 triggered a sharp reversal in risk assets, with Bitcoin rebounding above $90,000 after testing $87,300 earlier in the session.

The move erased most of a two-day selloff driven by trade-war fears tied to Trump's Greenland push, confirming Bitcoin's status as a high-beta macro asset that amplifies directional swings when geopolitical headlines shift quickly.

Gold and silver tumbled following the announcement, suggesting the return of risk-on sentiment. Gold fell from around $4,850 to $4,777 per ounce, while silver dropped from roughly $93 to $90.60 per ounce. Both metals, however, recovered around 1% overnight, while Bitcoin remained flat near $90,000.

The flight-to-safety bid that had supported precious metals during the tariff scare unwound as traders rotated back into risk assets.

As of press time, Bitcoin traded at $90,213.45, up 2.1% in one hour and 2% on the day. CoinGlass data shows that the rebound forced $160 million in short liquidations in just one hour, pushing total liquidations on Jan. 21 above $1 billion across long and short positions.

How Greenland became a tariff threat

Over the weekend and into early week, Trump's campaign to acquire Greenland morphed into a trade-war-style threat. He announced extra tariffs on goods from several European countries starting Feb. 1, with escalation language tied to securing a Greenland deal.

That framing turned a geopolitical oddity into a tangible risk-off trigger. Equities sold off, the dollar strengthened, and Bitcoin slid under $92,000 as traders repriced tail risk around a renewed trade conflict.

Between Jan. 19 and 20, the tariff fears had spread beyond crypto. A broad selloff across risk assets sent Bitcoin down as much as 7% amid the shock. Crypto-specific pressure intensified because leveraged positioning amplified the move.

CoinGlass liquidation data showed ongoing long liquidations following a larger burst earlier in the week, suggesting the tape was fragile heading into the announcement.

$87,000 to $90,000 in hours

Bitcoin's intraday range today stretched from a low of $87,304 to a high of $90,379, a 3.5% swing that illustrates how quickly sentiment can flip when macro headlines reverse.

The low came as European markets opened, amid elevated tariff fears. The rebound began after Trump posted on Truth Social that he had formed “the framework of a future deal” with NATO Secretary General Mark Rutte regarding Greenland and the Arctic region, and that he would not impose the tariffs scheduled for Feb. 1.

The bounce timing was clean. Within an hour of the post, Bitcoin had reclaimed $90,000, and short positions began getting liquidated. The move wasn't isolated to crypto, equity futures rallied, Treasury yields stabilized, and gold and silver reversed their safe-haven bid.

The past few days read less like a Bitcoin-only story and more like Bitcoin trading as a high-beta risk asset during a macro shock. Tariffs and geopolitical uncertainty hit equities, currencies, and rates, and Bitcoin followed.

Derivatives positioning amplified the downside when technical levels broke, creating a feedback loop between spot price moves and forced liquidations.

The sharp bounce after the “no tariffs” post fits the same pattern in reverse. The macro headline removed tail risk, risk assets snapped back, and Bitcoin led the rebound.

That dynamic confirms what institutional observers have noted for months: Bitcoin increasingly behaves like a levered play on risk sentiment, particularly during periods when macro uncertainty dominates.

The scale of liquidations stresses the extent of leverage embedded in the system. Over $1 billion in total liquidations on Jan. 21 alone, split between longs caught in the morning selloff and shorts forced to cover during the afternoon rally, suggests traders were positioned for continuation in both directions and got whipsawed when the narrative flipped.

Risk-off unwind

Gold's drop from $4,850 to $4,777 per ounce and silver's fall from $93 to $90.60 per ounce marked a clear rotation out of safe-haven assets.

During the initial tariff scare, both metals had rallied as investors hedged geopolitical risk and potential dollar weakness. When Trump announced the tariffs were on hold, that bid evaporated.

The speed of the reversal highlights how sensitive precious metals markets are to geopolitical headlines, but also how quickly sentiment can shift when tail risks get removed.

The divergence between Bitcoin's rebound and gold's selloff reinforces the narrative that Bitcoin trades more like a risk asset than a digital safe haven during macro shocks.

When uncertainty spiked, Bitcoin sold off alongside equities. When the uncertainty was resolved, Bitcoin rallied with equities while gold sold off. That correlation structure matters for portfolio construction and for understanding how Bitcoin fits into broader macro flows.

What comes next

The resolution of the Feb. 1 tariff threat removes one near-term overhang, but the underlying Greenland negotiations remain unresolved.

Trump's post indicated that discussions are ongoing, suggesting the tariff threat could resurface if those talks stall. That leaves a degree of headline risk, particularly if the administration uses trade policy as leverage in future negotiations.

For Bitcoin, the key takeaway is that macro headlines drive volatility more than crypto-specific fundamentals during periods of geopolitical uncertainty.

The Jan. 21 whipsaw demonstrates how quickly sentiment can reverse. Still, it also shows how much leverage remains embedded in derivatives markets and how willing traders are to position aggressively in both directions despite that risk.

The post Bitcoin prices are recovering as gold retreats because a surprise “framework deal” just killed the tariff threat appeared first on CryptoSlate.

HBAR price is trying to stabilize, but the rebound is losing strength. The token is up about 7% since January 20, yet it remains down nearly 8% over the past seven days. More importantly, the structure supporting a bullish breakout is starting to weaken beneath the surface.

The W-shaped recovery pattern is still intact for now. But capital flows, sentiment, and whale behavior are no longer aligned the way they need to be for a clean upside continuation.

Weak Capital Flows Raise Early Doubts Over the Breakout Structure

HBAR price is still trading inside a W pattern on the daily chart. This pattern forms when the price makes two similar lows, showing buyers stepping in twice at the same level. The breakout theory could hold if the HBAR price crosses the neckline above $0.135.

The issue is what is happening under the pattern.

The Chaikin Money Flow (CMF) is turning lower. CMF tracks whether big money (institutions, ETFs, and whales) is flowing into or out of an asset using price and volume. During the rebound, CMF briefly moved above zero, showing fresh inflows. That signal has now faded.

CMF has slipped back below zero and is pressing against its rising trendline that has held since late December. This suggests capital is starting to leave Hedera, even though the price has not yet broken support.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

Whale behavior reinforces that caution. All large holder groups have mostly held their balances, but they have not added meaningfully during the dip. When whales expect a breakout to follow through, they usually accumulate into weakness.

Their hesitation suggests uncertainty rather than confidence. Plus, if CMF breaks the trendline, the next set of capital outflow could be from the whales.

Dip Buying Holds $0.102, but Sentiment Has Collapsed Sharply

Despite weakening capital flows, the HBAR price has not broken down yet. The reason is dip buying.

The Money Flow Index (MFI), often a dip-buying proxy, has been trending higher while the price trended lower since late December. MFI measures buying and selling pressure using both price and volume. This bullish divergence shows buyers stepping in on dips rather than exiting in panic. That behavior explains why the $0.102 support level has held repeatedly.

But dip buying alone cannot sustain a breakout if confidence fades. More so when Hedera whales haven’t been buying those dips.

Market sentiment has deteriorated aggressively. Since January 19, positive sentiment has collapsed from around 29 to roughly 1.5, a drop of more than 94% in just a few days, the lowest monthly level.

This matters because sentiment has already shown its impact on price earlier this month. Between January 6 and January 12, positive sentiment fell from about 20.8 to near 10.4. During that same window, HBAR price dropped from roughly $0.132 to $0.114, a decline of about 14%.

The current sentiment drop is far steeper than that earlier episode. If the relationship holds, price pressure could intensify quickly once dip buyers step aside, or the CMF outflows offset their contribution. Plus, the indifferent whales might use this sentiment trigger as a reason to dump.

HBAR Price Levels That Decide Whether the Story Breaks or Survives

Everything now hinges on a narrow range.

As long as the HBAR price holds $0.102 on a daily close, the W pattern remains technically valid. A decisive break below this level would invalidate the structure and expose downside toward $0.094 first. If selling accelerates, $0.073 becomes a realistic downside target.

On the upside, the breakout case requires a shift in behavior. CMF must reclaim the zero line, sentiment needs to stabilize, and price must reclaim the $0.118 to $0.124 zone. Without those changes, the $0.135 neckline remains out of reach, and so does the 31% breakout hope.

For now, the HBAR price is holding. But the breakout story is weakening. If capital keeps flowing out and sentiment remains this fragile, the $0.102 level stops being support and starts becoming a final test.

The post HBAR Price Clings to $0.102 Support as Bearish Metrics Raise Breakdown Risk appeared first on BeInCrypto.

Wirex Limited has released its 2025 Transparency Report, offering an unfiltered, data-rich view of how the firm protects customers, tackles financial crime, and strengthens trust through measurable accountability.

Authored by CEO Chet Shah, the report departs from the industry norm of vague claims and instead publishes clear evidence of what the company has achieved — and where it knows it must go further.

At the heart of the report is a stark number: in 2025, Wirex Limited prevented £630,000 in suspected laundered funds from entering or moving through the financial system. For an industry under constant scrutiny, this marks a concrete demonstration of controls working in real time.

“When I was appointed, I committed to leading with transparency because trust is earned through facts, not slogans,” said Chet Shah, CEO of Wirex Limited.

“This report is our way of showing customers, partners, and regulators how we balance growth with safety, accountability, and a relentless focus on doing the right things.”

In a sector full of big claims and thin evidence, Wirex Limited is choosing to show its workings. The 2025 Transparency Report lays out what the company is actually seeing on the ground, how it responds, and where it is pushing itself to improve — without hiding behind generic industry language.

Key Highlights

The report lays out detailed outcomes across fraud prevention, anti-money laundering efforts, sanctions compliance, customer complaints, and Wirex Limited’s people-driven culture. Highlights include:

• Fraud prevention: With fraud rife in the UK, Wirex Limited stopped £183,752 from being lost to retail scams in 2025, including £156,145 linked to APP fraud.
• Money-laundering disruption: Wirex Limited submitted c500 Suspicious Activity Reports to the UK National Crime Agency and supported 87 law enforcement requests, including complex investigations involving mule networks.
• Real-time sanctions vigilance: With sanctions regimes shifting rapidly, Wirex Limited screened against more than 30 global sanctions lists every day.
• Customer complaint transparency: Wirex Limited received 244 complaints, resolving 68% within 15 working days. The firm upheld 36 complaints, with “freezing of funds” the main theme.
• Culture and people metrics: Wirex Limited reports strong indicators of organisational health, including a 49%/51% gender balance, an Employee Net Promoter Score of 57, a 4.6 Glassdoor score, and a 1.3% voluntary turnover rate. These underscore what the CEO describes as “a culture built on accountability and honest dialogue, not posters on a wall.”

These are only a slice of the report’s findings. The full publication includes deeper breakdowns, context, and an indication of the priorities Wirex Limited has set for 2026.

Regulatory Engagement

The report notes that in 2025 the Financial Conduct Authority inspected Wirex Limited’s financial crime controls and fraud framework, offered helpful recommendations, and did not identify material issues — a point the CEO frames as validation of direction, not a finish line.

“Protecting customers at scale takes constant work,” said Chet Shah. “Publishing this report is part of holding ourselves accountable and earning trust one decision at a time.”

The Wirex Limited 2025 Transparency Report is available now. Download the full report.

About Wirex Limited

Wirex Limited is a UK-based FCA-regulated Electronic Money Institute. It offers secure payment methods, making it easy for users to store, purchase, and exchange multiple currencies seamlessly.  As a principal member of both Visa and Mastercard, Wirex Limited goes beyond traditional services, embracing the evolving trends of Web3 to provide mainstream access to digital finance and wealth management. Wirex Limited is simplifying digital payments, making it more accessible and convenient for people.

The post Wirex Limited Raises the Bar on Transparency With Candid 2025 Report  – Over £630,000 in Suspected Illicit Funds Blocked appeared first on BeInCrypto.

Bitcoin’s role in the global financial system remains widely misunderstood, even at the highest levels of policy and finance. That disconnect surfaced during a major international forum, prompting a pointed clarification from a Coinbase executive. The moment centered on a fundamental question with growing relevance: what truly separates Bitcoin from central banks?

Bitcoin’s Structural Design Sets It Apart – Coinbase Executive

During the World Economic Forum in Davos, where global policymakers and financial leaders were debating the future of money and tokenization, Brian Armstrong, CEO of Coinbase, responded to remarks made by François Villeroy de Galhau, Governor of the Banque de France, who argued that central banks deserve greater trust than Bitcoin because they operate under democratic mandates and institutional oversight.

Armstrong’s response focused on how Bitcoin is designed. Bitcoin operates as a decentralized protocol with no issuing authority, no governing committee, and no single entity capable of altering its monetary rules. Its supply is fixed, its issuance is algorithmic, and its operation depends on a distributed network of participants rather than institutional oversight. This design makes Bitcoin structurally independent in a way no central bank can replicate.

By contrast, central banks sit at the top of national monetary systems. They control currency issuance, influence interest rates, and adjust monetary policy in response to political and economic pressures. Even when described as “independent,” they remain tightly connected to governments and fiscal policy. Armstrong highlighted that this link introduces discretion, policy shifts, and long-term currency debasement through money creation—a vulnerability Bitcoin was explicitly built to avoid.

This distinction becomes especially relevant during periods of aggressive deficit spending. Because Bitcoin’s supply cannot be expanded, it functions as a constraint rather than a tool. In Armstrong’s view, this makes Bitcoin a direct counterweight to systems where new money can be introduced at will, gradually reducing purchasing power over time. That structural constraint is the foundation of Bitcoin’s appeal as a hedge during periods of uncertainty.

Trust, Accountability, And Individual Choice

The exchange also exposed a deeper disagreement about how trust is formed. Villeroy de Galhau emphasized trust in central banks as institutions backed by legal authority and democratic systems. Armstrong countered by reframing trust as something derived from transparency and verifiability rather than institutional reputation. 

Armstrong further positioned Bitcoin as an accountability mechanism. Because its supply cannot be adjusted to accommodate government spending, it imposes discipline by design. In this sense, Bitcoin functions less as a policy tool and more as a constraint—similar to how gold historically limited monetary excess. This characteristic has driven its growing perception as a store of value during times of economic uncertainty.

Importantly, Armstrong did not frame the relationship between Bitcoin and fiat currencies as a zero-sum battle. Instead, he described it as a healthy competition that leaves the ultimate decision with individuals. Users can choose between systems: one based on institutional control and policy flexibility, and another based on fixed rules and decentralization.

The Shiba Inu price crashed to as low as $0.000007683 yesterday, sparking bearish sentiment towards the meme coin. This crash came on the back of a transfer of billions of SHIB tokens, which raised concerns of a potential sell-off by the whale in question. 

Why The Shiba Inu Price Crashed

The Shiba Inu price crashed amid significant selling pressure, with a SHIB whale sending billions of tokens to Robinhood, likely to offload these tokens. Arkham data shows that the whale (0x2d0…9f7bB) first sent 210.365 billion SHIB tokens, worth $1.63 million, to the crypto exchange. These tokens represented about 97% of the whale’s SHIB holdings.

Further data from Arkham shows that the SHIB whale sent an additional 1.52 billion tokens to Robinhood and 7 billion tokens to liquidity provider B2C2 Group, which could be an OTC sale. The Shiba Inu price has notably crashed by over 7% in the last week, and it suffered its worst drop during this period yesterday amid the whale’s transfers. The whale now holds only 5.86 billion SHIB, worth $46,790.

The Shiba Inu price also crashed due to the sell-off in the broader crypto market, led by Bitcoin. BC dropped to as low as $87,000 yesterday amid concerns over trade tensions between the U.S. and Europe stemming from the Greenland-linked Trump tariffs. However, the market recovered towards the end of the day as Trump announced that he had canceled the proposed tariffs, having reached a Greenland deal with NATO.  

Despite the recent Shiba Inu price crash, the meme coin is still up over 15% year-to-date (YTD) and ranks among the best-performing crypto assets this year. However, SHIb is still far off from its current all-time high (ATH) of $0.00008845. 

Exchange Netflows For SHIB Remains Mixed

SHIB’s exchange netflows have remained mixed, indicating there is no clear accumulation pattern for the meme coin at the moment. CryptoQuant data shows that today’s net flows are negative, totaling just over 7 billion Shiba Inu tokens, suggesting that more coins are flowing into exchanges than out. 

However, the total exchanges’ netflows yesterday were positive, at 1.6 billion tokens, indicating more tokens leaving exchanges, which is bullish for the Shiba Inu price as it hints at accumulation from whales. On January 16, SHIB’s netflows were also positive, totaling around 115 billion tokens. However, the positive netflows on that day were overshadowed by the negative flows of 214 billion SHIB recorded on January 20.   

Related Reading: Here’s Why The Shiba Inu Price Jumped Over 13%

Crypto traders still remain bullish on the Shiba Inu price as CoinGlass data shows the long/short ratio is currently above 1. Derivatives trading volume has also jumped by over 20% while the open interest is up almost 3%. 

At the time of writing, the Shiba Inu price is trading at around $0.000007978, up in the last 24 hours, according to data from CoinMarketCap.