U.Today Crypto Digest: Shiba Inu (SHIB) Burns Explode 2,807%, Ripple CEO Teases Big Reveal, Bitcoin (BTC) Miners Capitulate - U.Today

SHIB0,25%
BTC0,97%
XRP0,45%
DEFI1,35%
  • SHIB burn spike looks impressive, but impact is negligible
  • Brad Garlinghouse teases major Ripple reveal
  • Bitcoin miners tap out as difficulty slides to multi-month lows

SHIB burn spike looks impressive, but impact is negligible

Shiba Inu’s burn rate surge does sound great on paper, but it doesn’t bring expected results.

  • Burns soar. Shiba Inu’s burn rate jumped 2,807%, sparking bullish reactions across social media.

When Shiba Inu’s burn rate suddenly increased by 2,807%, social media quickly framed it as a positive development. The number appears dramatic on paper, but in reality, it has very little bearing on SHIB’s price, supply dynamics or overall market positioning.

Approximately 18.8 million SHIB were burned in the past 24 hours. Until you consider the context, that figure may seem impressive. However, the number of Shiba Inu tokens in circulation is measured in the hundreds of trillions

  • Deflation. At the current scale, such burns represent statistical noise.

At that scale, burning a few tens of millions of tokens is statistical noise rather than meaningful deflationary pressure. Even if this burn rate were repeated every single day, it would take decades to produce any discernible impact on supply.

Brad Garlinghouse teases major Ripple reveal

Ripple CEO is set to speak at the XRP Community Day event.

  • Big event. XRP Community Day will take place on Feb. 11, 2026, featuring CEO Brad Garlinghouse in a fireside chat.

Ripple has announced that its XRP Community Day event will take place on Feb. 11, 2026, with CEO Brad Garlinghouse expected to make a big revelation. In an update for users in the community, “Thinking Crypto Podcast Founder” Tony Edwards will host Garlinghouse as they discuss the future of Ripple.

Notably, XRP Community Day, which begins with a fireside chat, will discuss three key areas as it concerns Ripple. These include macro shifts in institutional adoption and public market acceptance. It will also consider XRP’s utility on the capital market and its longevity and stability.

  • New partnerships. Garlinghouse is expected to share insights on DeFi expansion and new partnerships, as XRP adoption grows across the financial sector.

The fireside chat hopes to reveal Garlinghouse’s plans on DeFi expansion and partnerships, particularly as the broader financial market is adopting XRP. Ripple has positioned the ecosystem in a way that banks and public markets are becoming more comfortable with crypto.

The community looks forward to Garlinghouse’s insight into the next frontier, now that regulatory uncertainty and legal battles are in the past. Already, Ripple has been pushing for strategic partnerships, with the latest being collaborations in Turkey and Saudi Arabia.

Bitcoin miners tap out as difficulty slides to multi-month lows

BTC network is currently undergoing a brutal phase of miner capitulation.

  • On-chain data. Bitcoin network is in a prolonged phase of miner capitulation.

According to new on-chain data, the Bitcoin network is experiencing a sustained period of “miner capitulation” with a consistent drop in mining difficulty since November 2025. In the meantime, profitability is stagnant, and operators are unplugging their machines en masse.

The Bitcoin difficulty chart paints a stark picture of the exodus. Difficulty hit an all-time high of nearly 155 T in early November 2025. Since that peak, the metric has stepped down consistently, crashing to its current level of 141.67 T as of late January 2026.

  • Profitability. The current trend confirms a broad exodus of less efficient miners rather than a short-term fluctuation.

Mining difficulty determines how hard it should be to find a block. When more miners join, it gets harder. When they leave, it gets easier. The stepped decline in the chart confirms that massive amounts of hashrate are being taken offline. Miners are “tapping out” since they are unable to justify the electricity costs of running their fleets.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Strategy Q1 Adds 89,599 BTC, Why Are Corporate Treasury and BTC ETF Funds Moving in Opposite Directions?

Strategy In Q1, bought 89,599 BTC, while Bitcoin ETFs saw nearly $500 million in outflows year over year, marking a historic divergence in capital between the two types of institutions.

InstantTrends33m ago

Thailand Tightens Crypto Rules While Expanding Bitcoin Products

Hidden Funders Face Shareholder-Level Scrutiny Thailand is moving to tighten control over crypto ownership structures while expanding regulated market access. Authorities plan to track hidden financiers and restrict illicit capital flows. At the same time, regulators are opening pathways for

CryptoBreaking57m ago

Giant whale “first set 10 big goals” keeps adding to BTC and ETH short positions, with a position size of up to $270 million

Gate News announcement, April 10, the whale “sets 10 big targets first” (social media account @Jason60704294) has updated its latest positions. Currently, total unrealized profit is $644k. The specific holdings include: BTC short positions of 2567.49 units, entry price $71,554.61, unrealized loss of $644k; ETH short positions of 38,465.22 units, entry price $2,248.74, unrealized profit of $1.37M.

GateNews1h ago

Bitcoin sees over 27k options contracts expire! Analyst: Bear market characteristics continue to dominate

According to Greeks.live data, April 10 saw BTC and ETH options expire. For BTC options, the number of contracts was 27,000, the Put/Call Ratio was 0.71, and the maximum pain point was $69,000. For ETH, it was 151,000 contracts, and the Put/Call Ratio was 0.77. The analysis indicates that market characteristics are skewed bearish, and falling implied volatility suggests the market expects less short-term volatility. Despite the recent rebound, internal momentum in the market has not formed, and no clear sentiment shift has been observed.

MarketWhisper1h ago
Comment
0/400
No comments