Crypto
After Bitcoin, Shiba Inu Becomes 3rd Most Traded Cryptocurrency
Bitcoin climbed above the $63,500 mark on Monday and is attracting heavy bullish sentiments in the indices. The overall cryptocurrency market is brimming with an influx of new funds where investors are reaping handsome profits. Millions worth of Bitcoin profits also entered Shiba Inu making the token rally nearly 180% in 30 days.
Also Read: Shiba Inu (SHIB) Forecasted To Surge 300%: Here’s When
Shiba Inu holders almost doubled their investments this year as SHIB steadily climbed up the charts. Read here to know a realistic price prediction on when SHIB could climb above the $0.01 mark.
After Bitcoin & Ethereum, Shiba Inu Is Now The 3rd Most Traded Cryptocurrency
Shiba Inu becomes the third most traded cryptocurrency in the world after Bitcoin and Ethereum, data from Coingecko shows. SHIB’s market cap is now close to reaching $14 billion with a 24-hour trading volume coming close to $4 billion. On the other hand, Bitcoin’s trading volume touched a monthly high of $36.3 billion.
Also Read: Shiba Inu Can Reach 10 Cents ($0.10) If This Plays Out
The numbers for Bitcoin, Ethereum, and Shiba Inu are increasing rapidly and could touch new highs in March. Experts predict that the cryptocurrency market could surge until the Bitcoin halving event which is scheduled for April 2024. Bitcoin’s supply will be cut in half making BTC scarcely available which could eventually push its price much higher.
If Bitcoin sustainably scaled up the charts, Ethereum, Shiba Inu, and the broader cryptocurrency market will follow suit. Therefore, the cryptocurrency market is expected to surge in the next 60 days delivering stellar returns to investors. However, JP Morgan has predicted that Bitcoin could fall to $42,000 after the halving leading the cryptocurrency market to shed all its gains.
Also Read: When Will Shiba Inu Reach $1?
At press time, Shiba Inu was trading at $0.00002541 and is up nearly 20% in the 24-hours day trade. Moreover, SHIB is down close to 71% from its all-time high of $0.00008616, which it reached in October 2021.
Kraken Valued at $13 Billion After Deutsche Börse Stake
Deutsche Börse has taken a minority stake in crypto exchange Kraken, marking one of the clearest signs yet of Europe’s largest market operator deepening its exposure to digital assets.
The German exchange group said it invested $200 million in Payward, Kraken’s parent company, securing roughly a 1.5% fully diluted ownership. The transaction values Kraken at about $13.3 billion, according to reporting by Bloomberg.
The move builds on an existing relationship between the two firms and signals a broader push to integrate traditional financial infrastructure with crypto markets. The partnership is expected to focus on regulated offerings, including tokenized assets and derivatives, while improving liquidity for institutional clients.
As part of the collaboration, Kraken will integrate with 360T, Deutsche Börse’s foreign exchange trading platform. The connection is designed to provide Kraken users with access to bank-grade foreign exchange liquidity, potentially streamlining the conversion between fiat currencies and digital assets.
The companies also plan to expand the use of Kraken Embed, a service that allows institutions to offer crypto trading and custody under their own brands. The initiative targets banks, fintech firms, and asset managers seeking to enter the digital asset space without building infrastructure from scratch.
Further developments are expected, subject to regulatory approval. These include enabling trading of derivatives listed on Eurex, Deutsche Börse’s derivatives exchange, through Kraken’s platform.
The investment underscores a growing convergence between established financial institutions and the crypto sector. For Kraken, the backing from Deutsche Börse provides capital and strategic alignment with one of Europe’s most influential financial market operators. For Deutsche Börse, the stake offers a direct foothold in a global crypto platform at a time when competition for digital asset infrastructure is intensifying.
The deal also reflects a broader trend of legacy financial firms moving beyond exploratory partnerships toward equity investments in crypto companies. By combining trading, custody, and tokenization capabilities, both firms are positioning themselves to capture a larger share of institutional flows into digital assets.
Key Takeaways:
- Alameda moved $16 million worth of SOL to a wallet linked with repayment efforts, signaling ongoing FTX creditor payouts.
- Alameda still holds 3.5 million SOL ($294 million), meaning supply overhang may impact solana markets.
- FTX-era asset releases since 2022 suggest continued distributions could shape liquidity next.
Alameda Unstakes SOL, Signals Ongoing Creditor Distributions
Alameda Research has transferred roughly $16 million worth of solana ( SOL) tokens after unstaking the assets, in a move that points to continued creditor repayments tied to the collapse of FTX.
Blockchain data tracked by Arkham Intelligence shows the tokens were sent to an address previously associated with distribution efforts. The transaction follows a similar pattern observed in recent months, where unstaked assets were routed to wallets linked to reimbursing creditors.
While there has been no official confirmation that the latest transfer will be distributed immediately, the repetition of this process suggests it forms part of a structured repayment strategy rather than a one-off movement.
Unstaking allows previously locked tokens in proof-of- stake networks to be withdrawn and made liquid. In this case, it enables Alameda to free up assets that can be redirected toward obligations stemming from FTX’s bankruptcy proceedings.
The latest transfer comes about a month after a comparable transaction, when Alameda moved a similar tranche of SOL to the same destination address. That earlier move reinforced expectations that such transfers are tied to ongoing creditor payouts.
Despite the asset sales, Alameda retains a substantial position in solana. The firm still holds approximately 3.5 million SOL, valued at around $294 million, according to Arkham data.
Solana remains one of the largest digital assets by market value, with a capitalization of about $47 billion. The token has traded near $82 in recent sessions, significantly below its peak of $293 reached early last year.
Alameda, founded in 2017 by Sam Bankman-Fried, was once a dominant trading firm in the crypto market. It played a central role in providing liquidity across exchanges and operated extensively in spot and derivatives markets.
Its fortunes shifted dramatically following the collapse of FTX in late 2022, which triggered a wave of insolvencies and legal proceedings. Since then, asset recovery and creditor repayment have been central to the restructuring process.
The steady movement of funds such as SOL highlights the scale and complexity of unwinding Alameda’s positions. Each transfer offers a signal, albeit indirect, of progress in returning value to creditors.
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