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The SHIB token has dropped 9.5% in 24 hours, adding another zero to its price as roughly 138 billion tokens were moved to exchanges. At the time of writing, the price sits at $0.000009351 with trading volume declining 9.31% to $5.51 billion. The selloff triggered ecosystem marketing lead Lucie to address the community and counter claims of a “dead ecosystem.” Her message focuses on transformation rather than simple recovery, and whale activity continues pressuring prices across the sector. SHIB Whale Moves Signal Turbulence but Shiba Inu Recovery Looms Source: Watcher.Guru 138 Billion Tokens Transferred as Shiba Inu Crashes The recent drop gained momentum as it was estimated that around 138 billion SHIB was transferred to other exchanges by the holders. This was an indication that the token is ready to be dumped as it faced technical weakness. With this giant transfer, selling pressure was created since SHIB was below crucial support levels that it had been in during the oth...

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US Secretary of Commerce Howard Lutnick is personally assisting with Tether’s equity fundraise, according to Swan Bitcoin CEO Cory Klippsten. Citing a tip from a national news reporter, Klippsten claims that Lutnick is simultaneously running the Department of Commerce (DOC) and drumming up support for the stablecoin giant’s $20 billion open equity round. On September 23, Bloomberg reported that Tether was trying to sell approximately 3% equity in a $15-20 billion private placement. If successful, the raise could value Tether at $500 billion, putting it on a par with the likes of Exxon Mobil and Mastercard. Equity fundraises typically take a few weeks to fill and close, so the round could presumably remain open today. Donald Trump nominated Lutnick to join his Presidential Cabinet on November 19, 2024. He passed Senate confirmation on February 18 and was sworn in on February 21, 2025. Before joining Trump’s administration, Lutnick was a bond manager for Tether a...

A state-issued stablecoin is now in development in North Dakota. The state-owned Bank of North Dakota (BND) has partnered with payments giant Fiserv to launch Roughrider Coin in 2026. This US dollar-pegged token promises instant, secure transfers for local banks and credit unions, slashing days-long waits to seconds. Fully backed by reserves, the coin will honor Theodore Roosevelt’s legendary Rough Riders cavalry. BND President Don Morgan says the coin is designed to capitalize on recent changes in federal law and secure the “continued health, resilience, and relevancy of the North Dakota financial industry for its citizens.” Governor Kelly Armstrong says the “new financial frontier is here,” with the Bank of North Dakota and Fiserv poised to help North Dakota’s financial institutions embrace new ways of moving money. North Dakota is the second US state to develop a custom stablecoin. Wyoming’s Frontier Token is alread...

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...