Why Shiba Inu (SHIB) Pump Failed: On-Chain Data Reveals How 52 Whales Cashed Out on Retail

Shiba Inus (SHIB) two-day 37% surge ended according to the classic pump and dump scenario: large holders fully cashed out, selling their coins to late retail investors. Fresh on-chain data from Santiment analysts shows exactly how whales used the wave of mass excitement to lock in profits and leave retail traders with losses.  How retails fear of missing out gave whales an exit route  As soon as SHIBs price began climbing, retail fear of missing out surged across social media. Shiba Inus social dominance index jumped to 0.084%, its highest level since April.  Ordinary traders rushed to buy the coin, but, as often happens, their attention peaked when the rally was already running out of steam. The crowd entered at the very top.  At the same time, large players began unloading their wallets and cashing out. Within 24 hours, the network recorded 52 whale transactions, each worth more than $100,000 — the highest figure since late March.  Shiba Inu (SHIB) whale transaction count and social dominance, Source: Santiment via Sanbase  The influx of liquidity from retail buyers jumping onto the “departing train” created ideal conditions for large holders to convert their holdings into cash without immediately crashing the order books.  Large capital simply received the liquidity it

07-28Industry

Bitcoin price eyes $66K as US stocks rise on Iran-strike pause

Bitcoin (BTC) sought to build on local highs at Mondays Wall Street open as US stocks opened in the green.  Key points:Bitcoin approached new local highs with the start of the weeks first US trading session.Stocks also opened higher amid relief over a hiatus in the US-Iran war and potential progress on reopening the Strait of Hormuz.BTC price action defended two daily moving averages on Sundays weekly close.  Bitcoin follows stocks higher as Iran news offers risk-asset tailwind  Data from TradingView showed BTC/USD spiking to near $66,000 as markets reacted to a pause in strikes between the US and Iran.  BTC/USD one-hour chart. Source: Cointelegraph/TradingView  Additional reports cited an Iranian foreign ministry spokesman announcing that Tehran and Oman were “trying to establish mechanisms regarding maritime traffic” through the Strait of Hormuz, a key global oil route currently closed.  US WTI crude oil fell toward $82 per barrel on Monday before a modest rebound. The S&P 500 and Nasdaq Composite Index were both up by around 0.3% at the time of writing.  CFDs on US WTI crude oil one-hour chart. Source: Cointelegraph/TradingView  Acknowledging a potential stumbling block in the form of higher US bond yields, trading company QCP Capital voiced that they were anticipating tailwinds for the crypto market

07-28Industry

BMNR stock rises over 10% as BitMine adds 9,946 ETH

BitMine Immersion Technologies expanded its Ethereum treasury and accelerated its share buybacks last week, while BMNR stock jumped nearly 11% on Monday as ETH reclaimed $1,900.  SummaryBitMine acquired 9,946 ETH, raising its total holdings to 5.79 million ETH.The company now controls 4.8% of Ethereums total supply, nearing its 5% threshold.BitMine repurchased 6.1 million BMNR shares, bringing total buybacks to 11.6 million.BMNR gained 10.89% to $17.51, but still faces resistance near its 100-day average.  BitMine adds 9,946 ETH to its treasury  BitMine disclosed Monday that it purchased 9,946 ETH during the previous week, extending a weekly buying streak that began at the start of 2026.  The latest acquisition increased the company‘s holdings to 5,787,414 ETH, equivalent to approximately 4.8% of Ethereum’s total supply. That puts BitMine close to its stated goal of owning 5% of all ETH in circulation.  The purchase also marked an increase from the prior week, when the company acquired 7,430 ETH. BitMines latest addition came as Ethereum recovered above $1,900 and reached its highest price in ten weeks.  You might also like:  Crypto treasury firms pivot to AI as DAT model loses momentum  Most of the companys ETH is generating staking rewards. BitMine has staked 4,917,189 ETH, worth around $9.6 billion and representing about 85%

07-27Industry

Lido begins moving $16.5 billion in staked ether to cut validator count by a third

SummaryLido began its largest upgrade since 2023, consolidating more than 8 million staked ether onto Ethereums new post-Pectra validator design.The shift is expected to cut Ethereums total validator count by about one-third and reduce attestation messages by roughly 29% per epoch, easing load on the consensus layer without directly affecting gas fees or transaction speeds.Lidos curated node operators are moving to Curated Module v2, where all 34 existing operators will post locked ETH bonds for the first time, adding economic accountability.  Liquid-staking protocol Lido deployed its largest upgrade since 2023s V2, starting the consolidation of over 8 million staked ether (stETH), worth roughly $16.5 billion, onto Ethereums post-Pectra validator design introduced a year ago.  The move will shrink Ethereum‘s total validator count by an estimated one-third, significantly easing the load on the network’s consensus layer, Lido, the largest staking pool on Ethereum, announced Monday via an emailed press release.  The migration will not directly reduce gas fees or speed up transactions for regular users, but it will improve network performance in the background. Lido said it expects the consolidation alone to cut attestation messages across the entire Ethereum network by roughly 29% per epoch, which is a predetermined period of time or a

07-27Industry

Bitmine adds nearly 10,000 ETH while repurchasing 6.1 million common shares

Quick TakeBitmine increased its Ethereum treasury to 5,787,4148 ETH after adding 9,946 tokens, bringing the total value of his holding to nearly $11.3 billion.The company also continued to buy back common stock, saying it repurchased 6.1 million common shares.  Bitmine Immersion Technologies kept its streak alive last week, adding 9,946 ETH to its Ethereum digital asset treasury, which now totals 5,787,4148, worth about $11.3 billion at current prices.  “Bitmine has bought ETH every week since the inception of the ETH Treasury Strategy on June 30, 2025,” Chairman Tom Lee said in a statement. The Ethereum treasury bought a larger quantity of ETH during this past week when compared to the previous one, in which it purchased 7,430 ether.  With a total of 5,787,414 ETH, Bitmine (BMNR) possesses about 4.8% of Ethereums total supply.  The company also repurchased more shares last week.  “Bitmine repurchased 6.1 million shares of common stock in the past week, an increase from the 5.5 million purchased the week prior. We increased our equity buyback as we view the rising ETH/BTC ratio, despite the falling odds of passage of the Clarity Act in 2026, as a sign crypto prices are strengthening,” said Lee.  Ethereum was up about 4% on Monday, changing hands at

07-27Industry

Crypto treasury firms pivot to AI as DAT model loses momentum

More than a dozen digital asset treasury companies have moved into artificial intelligence and data centres as falling crypto prices weaken demand for the DAT model.  SummaryMore than a dozen crypto treasury companies have pivoted toward AI as investor enthusiasm fades.K Wave shares fell 71% after its data-centre shift failed to restore market confidence quickly.Falling crypto prices and compressed treasury premiums are pushing listed firms toward new operating businesses.  Bloomberg reported that the shifts have not stopped steep share declines.  K Wave Media has fallen about 71% since its May pivot. Lixte Biotechnology and Alpha Compute have each dropped roughly 33% since announcing their own changes. The figures measure performance after the pivots and do not prove causation.  You might also like:  Who actually runs Hyperliquid? The governance audit  Digital asset treasury premiums shrink  Digital asset treasury companies use public equity, debt or private placements to buy crypto. The model works best when investors value the company above its token holdings. That premium lets management issue shares and buy more assets.  The structure becomes harder to maintain when crypto prices fall or the stock trades near or below net asset value. New share sales become less attractive, while debt costs remain. VanEck said in January that several DATs

07-27Industry

Bitcoin OG selling eases as dormant BTC movement hits 4-year low: Galaxy

Dormant Bitcoin movement in the second quarter fell to its lowest level since the third quarter of 2022, according to data shared by Alex Thorn, Galaxys head of firmwide research.  Coin days destroyed, a metric that gives greater weight to older coins, showed a similar decline.  Thorn said the earlier spikes were driven by “OGs taking profit,” similar to the pattern seen during Bitcoins 2017 bull market, suggesting long-term holders have slowed selling after elevated distribution in 2024 and 2025.  Dormant coin movement tracks Bitcoin (BTC) that has remained untouched for extended periods before being spent again. Analysts monitor the metric because increased activity from long-term holders has historically coincided with periods of profit-taking and heightened selling pressure, while subdued activity can suggest those investors are holding rather than distributing their coins.  Magazine: Here‘s why the CLARITY Act’s ethics deal may be so hard to reach

07-27Industry

Europe's high regulatory bar could spark new crypto industry M&A wave

SummaryEuropes MiCA regime advanced crypto regulatory efforts beyond licensing toward whether smaller crypto firms can sustain the cost of long-term regulatory compliance.Lawyers say the U.K.s proposed framework could prove just as demanding as MiCA by integrating crypto firms into existing financial services regulation rather than creating a standalone regime.Banks, already equipped with compliance infrastructure, may emerge as major beneficiaries through acquisitions, partnerships and institutional crypto offerings.  The race to secure Markets in Crypto Assets (MiCA) licenses may be over, but Europes landmark crypto rulebook is already entering a new phase, one that could reshape the industrys ownership structure.  Firms now facing the ongoing cost of operating under comprehensive regulation, suggesting the next chapter wont be defined by licensing victories, but by mergers, acquisitions and collaborations between crypto-native firms and established financial institutions.  That trend could accelerate further in the U.K., where the Financial Conduct Authoritys (FCA) proposed crypto framework is expected to impose standards comparable to MiCA by weaving crypto activities into Britains existing financial services regime.  “The FCA is trying to help competition, and it really is trying to help newcomers,” said Steven Lightstone, a partner at Morgan Lewis London office and co-leader of the firms global fintech industry team. But, he added,

07-27Industry

Axis Robotics raised $12M Funding to Build the compounding data engine accelerating physical AI

Axis Robotics, the compounding data engine accelerating Physical AI, announces that it has raised $12 million in a seed round led by Hack VC, with participation from Nomad Capital, Pi Network Ventures, 10K Ventures, and various angel investors.  The funding will accelerate Axis‘s mission to build a massively parallel, human-in-the-loop global data engine, solving physical AI’s biggest pain point: the scalable generation of structured, highly diverse robotic training data.  Solving the Data Bottleneck in Physical AI  While Large Language Models scale on trillions of tokens of pre-existing internet data, Physical AI faces three important barriers: severe data scarcity, generalization gap, and embodiment fragmentation across different robot hardware.  “Physical AI demands billions of human-physical interaction motion trajectories,” said Chris, Founder of Axis Robotics. “For years the industry lacked an efficient, infinitely scalable hybrid data production system which can help models iterate effortlessly - and thats exactly what we built with Axis, a compounding data engine.”  How does Axis Empower General Robotics Intelligence  Axiss proprietary Compounding Data Engine delivers an end-to-end workflow integrating task generation, data capture, continuous model training, and optimization:  Task Gen Engine:Generates exponentially diverse atomic robotic tasks via randomization across objects, spatial layouts, visuals, robot embodiments and semantics, embedding diversity into every single data trajectory;  Browser-Based Sim

07-27Industry

U.S. regulator warns prediction markets against cutting corners in event contracts

That said, the agency explained that “closely related event contracts may be certified as a class,” citing legitimate ways to make consolidated filings with shared exhibits.  The explosive growth of the event-contracts market — especially in the areas of sports bets and predicting political outcomes — is to some degree a figure-it-out-as-we-go situation, considering the relative inexperience of much of the industry and the uncertain legal footing of the CFTC.  The CFTCs status as the primary regulator of prediction markets is itself still facing some legal ambiguity that the courts are expected to work out — potentially the U.S. Supreme Court at some point. While the regulators chairman, Mike Selig, has made it an agency priority to fight a full-throated battle in state and federal courts across the country to insist the CFTC is in sole charge of overseeing event contract platforms, a large number of states have pursued the businesses on accusations of illegal sports gambling that should be overseen by the states.  Also on Friday, the CFTC issued a notice to extend the regulatory status of Krakens platform, the Kraken Derivatives Exchange, which has been under a “dormant” designation. The last trade was executed on that exchange in early 2025, and

07-27Industry
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