Coindesk

Shiba inu's (SHIB) supply-side dynamics are screaming bullish, yet the second-largest joke cryptocurrency by market value trades under pressure.Early this week, SHIB's burn rate surged to over 112,000%, with more than 116 million coins transferred to wallets that cannot spend money. In other words, these coins were permanently taken out of circulation. The daily burn rate refers to the number of SHIB tokens permanently destroyed or removed from circulation each day. Token burns are designed to decrease the supply of the cryptocurrency over time, bringing a deflationary appeal to the digital asset."Over 527 trillion SHIB tokens are approaching profitability, while the burn rate exploded 112,839% with 116 million tokens removed from circulation," CoinDesk's AI insights noted.Furthermore, SHIB's ecosystem fundamentals demonstrated...

Bitcoin (BTC) BTC is holding firm above $105,000 after recovering from a sharp downturn triggered by escalating tensions in the Middle East. The leading cryptocurrency dropped below $104,000 following Israel’s strike on Iran, but quickly regained lost ground, now trading at $105,590, up 0.15% in the past 24 hours.Bitcoin’s swift rebound suggests underlying strength, with high-volume buying visible during the dip. Analysts point to the $104,000–$105,000 range as an important zone of support, as price action continues to grind upward. Sentiment remains cautious — reflected in a pullback in trader confidence — but structurally, bitcoin’s trend remains intact.Beyond near-term volatility, bitcoin continues to capture the imagination of a younger generation of investors. In a recent episode of the Unchained podcast,...

Cardano's ADA ADA was down 1.71% over the past 24 hours, trading at $0.6229 as of June 14. The asset briefly slipped to $0.6176 before stabilizing, holding its footing despite a sharp wave of selling from large holders. According to recent market data, whales have offloaded over 270 million ADA —worth roughly $170 million — in a move that has added significant pressure to the token’s price action during a week marked by geopolitical volatility.Yet, amid the sell-off, the Cardano Foundation unveiled a new product aimed at enterprise adoption. On Thursday, the organization launched Originate, a blockchain-based solution for verifying product origin and authenticity. Designed to help businesses streamline compliance and protect against counterfeits, Originate allows companies to digitize and...

Ether (ETH) ETH traded at $2,508 on June 14, down 0.88% in the past 24 hours, yet managed to hold support above the $2,500 level despite shifting institutional dynamics. According to crypto analytics platform Santiment, wallets holding between 1,000 and 100,000 ETH — referred to as whale and shark wallets — have added a net total of 1.49 million ETH over the past 30 days. This group increased its combined holdings by 3.72% and now controls 26.98% of the total ether supply.Santiment noted that while smaller, retail-driven wallets have been taking profits, these large holders have steadily accumulated. The divergence in behavior highlights growing long-term conviction among ether's key stakeholders, even as retail sentiment appears to be wavering following recent...

Solana (SOL) SOL traded at $144.14 on June 14, down 2.06% over the past 24 hours, but showed resilience as long-term institutional activity offset retail-driven weakness. Price action remains pinned near the lower end of its recent $145–$149 consolidation zone, following a broader multi-day correction across crypto markets tied to rising geopolitical tension.Despite recent weakness, two major institutional developments suggest deepening engagement with the Solana ecosystem. First, Bloomberg’s James Seyffart confirmed on Friday that this week that all seven spot Solana ETF issuers — i.e. including Fidelity, Grayscale, VanEck, 21Shares, Franklin, Bitwise and Canary Marinade —submitted updated S-1 filings with the SEC. Each filing now includes staking provisions, making them structurally aligned with solana’s on-chain economics.Second, DeFi Development Corp, a...