Japan's National Diet reclassified cryptocurrencies as financial instruments under the Financial Instruments and Exchange Act (FIEA), aligning crypto with stocks. This regulatory shift opens the door for cryptocurrency exchange-traded funds (ETFs) in Japan, with the first listings expected around 2027, starting with Bitcoin. Shiba Inu (SHIB) is well positioned due to its inclusion on Japan's regulatory "Green List" and its listing on Mercari, Japan's largest marketplace. These developments give SHIB a head start in Japan's emerging crypto ETF market, potentially benefiting from a more favorable tax rate and growing retail interest.
Shiba Inu (SHIB) saw its market capitalization rise back above $3 billion on October 16, reaching $3.02 billion after briefly falling below that threshold. The token closed at $0.00000508, trading within a narrow range during the day. Despite this re...
Dogecoin (DOGE), Shiba Inu (SHIB), Uniswap (UNI), and Ethereum (ETH) are experiencing mixed price movements with signs of recovery but facing strong resistance. ETH is stabilizing around $2,455 with key support at $2,310, needing a close above $2,490...
Shiba Inu (SHIB) ended the trading session on October 16 slightly lower, closing at $0.00000510, down 0.39% from its opening price of $0.00000512. During the session, SHIB's price fluctuated between a low of $0.00000502 and a high of $0.00000519, sho...
Shiba Inu (SHIB) dropped below its 100-day exponential moving average near $0.00000528 on October 15, hitting a low of $0.00000483. For a recovery, SHIB must first surpass $0.00000500 and close above the 100-day average, ideally above $0.00000530 to ...
Shiba Inu (SHIB) is maintaining a market capitalization near $3 billion despite a recent price correction following a strong 39.3% gain in the third quarter. The current price is around $0.00000516, indicating that bulls are defending this support le...
