SHIB burn spike looks impressive, but impact is negligible
Look, Shiba Inu‘s burn rate explosion sounds fabulous-like a firework show for crypto enthusiasts! But really, it’s about as impactful as a wet noodle.
- Burns soar. Shiba Inu’s burn rate jumped 2,807%, which had social media buzzing like a caffeine-fueled squirrel.
So, when the burn rate went up by that astronomical number, suddenly everyone on social media was popping champagne bottles. But let’s be real-it doesn’t really do much for SHIB’s price or market standings. It’s like shouting “look at my new shoes” while standing in a puddle.
Sure, they burned about 18.8 million SHIB in the last 24 hours. Sounds like a lot, right? Until you realize there are hundreds of trillions of these tokens floating around-so it’s like trying to empty the ocean with a teaspoon.
- Deflation. At this point, burning a few tens of millions of tokens is just statistical noise. It’s like saying “I’ve lost two pounds” while sitting in a buffet.
Even if they kept this up every day until the end of time, we’d still be waiting years to see any real impact. It’s deflationary pressure? More like deflationary pressure cooker that never reaches the boiling point.
Brad Garlinghouse teases major Ripple reveal
Ripple CEO Brad Garlinghouse is gearing up to speak at the XRP Community Day event, and boy, does he have something up his sleeve!
- Big event. XRP Community Day is set for Feb. 11, 2026, featuring our buddy Brad in a fireside chat. Can’t wait for the drama!
They’re promising a big revelation, but you know what they say-“What goes up must come down”-unless you’re talking about crypto prices, of course. Tony Edwards from “Thinking Crypto Podcast” will be roasting marshmallows with Garlinghouse while discussing Ripple’s future. Sounds cozy, right?
Topics include institutional adoption, XRP’s utility, and its longevity. You know, all the stuff everyone talks about over brunch.
- New partnerships. Garlinghouse is expected to spill the tea on DeFi expansion and fresh partnerships-because who doesn’t love a little gossip?
It’ll be riveting to hear how Ripple is cozying up with banks. I mean, nothing says “trust me” like a financial institution and a digital currency sharing a blanket!
Bitcoin miners tap out as difficulty slides to multi-month lows
The Bitcoin network is going through a serious case of “I can’t even” as miners are throwing in the towel during this brutal capitulation phase.
- On-chain data. Yeah, the Bitcoin network is experiencing what they call “miner capitulation,” which sounds dramatic and, frankly, a bit like a reality TV episode.
New on-chain data shows it’s been a steady decline since November 2025. Profitability? Stagnant. Miners are unplugging their machines faster than I can find my keys on a Monday morning.
The Bitcoin difficulty chart looks like the aftermath of a party where everyone left without cleaning up. It peaked in early November 2025 and has been dropping faster than my patience watching a slow-loading website. Down to 141.67 T? Ouch!
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Profitability. The current trend isn’t a blip; it’s more like an exodus, with miners leaving faster than a bad date. They’re “tapping out” because, guess what? Running those machines isn’t free, and electricity bills are no joke!
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2026-01-29 02:22