CoinEfficiency

Top Crypto News: SHIB Price Drop, Ripple CEO's Bitcoin Reserve Opposition, Binance Under Investigation

Explore the latest crypto updates, including SHIB's price decline, Ripple CEO Brad Garlinghouse's stance on a Bitcoin reserve, and Binance's legal challenges in France.
Published on 2025-01-29

Shiba Inu (SHIB) Price Analysis

Shiba Inu (SHIB) is exhibiting a "falling knife" pattern, with significant price declines and heightened market volatility. Currently trading at $0.00001817, SHIB faces a critical resistance level at $0.000019, previously a support point. A potential rebound to $0.000022 is possible if SHIB regains and holds above $0.000019 with increased volume. However, failure to maintain this level could lead to further drops toward $0.000017 or lower.

Ripple CEO Opposes Bitcoin-Only Reserve

Brad Garlinghouse, Ripple's CEO, has criticized the idea of a Bitcoin-only strategic reserve, advocating for a diverse digital asset reserve that includes tokens like XRP. He emphasized his belief in a multichain world and his personal investments in Bitcoin, Ethereum, and XRP. Garlinghouse also acknowledged Ripple's lobbying efforts against Bitcoin maximalism, which he views as detrimental to crypto progress.

Binance Under Investigation in France

French authorities have launched a probe into Binance, alleging money laundering, tax fraud, and other illicit activities. The investigation, initiated by the Paris prosecutor's office, could have implications across the EU. Binance has pledged to "vigorously fight" any charges, expressing frustration over the prolonged inquiry. The exchange also faces regulatory challenges globally, including a $4.3 billion settlement in the U.S. for violating sanctions and anti-money laundering laws.

This summary captures the key developments in the crypto space, highlighting market trends, executive perspectives, and regulatory hurdles.

What is Coinefficiency?

Coinefficiency is your go-to platform for optimizing cryptocurrency trading, investments and strategies. We provide a comprehensive suite of tools to analyze market trends, monitor price movements, and execute effective trading strategies. Whether you're a seasoned trader or new to crypto, Coinefficiency helps you maximize your profits with data-driven insights.

Why Use Coinefficiency?

  • Advanced market analytics to identify trading opportunities.
  • Compare markets relative performance.
  • Understand market cycles over time. See market levels.
  • Compare buy-and-hold, portfolio rebalancing, Dollar-Cost-Averaging trading strategies.

With Coinefficiency, you can stay ahead of the market and execute efficient trading strategies effortlessly.

Get Started with Coinefficiency

Ready to optimize your crypto investments? Take control of your portfolio with cutting-edge tools designed for both beginners and experts.