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

SHIB-0,49%
BTC0,93%
XRP2,59%
DEFI3,7%
  • 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

Top Crypto Presale 2026: the New 1000x Opportunity for Those Who Missed Bitcoin

Bitcoin once looked absurd. Then it made early buyers rich beyond anything most people imagined. That is the point. Most people did not miss Bitcoin because they were careless. They missed it because they waited for “certainty.” But crypto does not reward comfort. By the time something feels

BlockChainReporter14m ago

Bitcoin Market Update: BTC Trades Sideways Near $72K as Breakout Setup Forms

At 8:30 a.m. EST on Sunday, bitcoin traded near $71,754 on March 15, 2026, consolidating within a narrow $70,540 to $71,893 intraday range while the broader technical picture leaned mildly constructive. With a market cap of $1.44 trillion and 24-hour trading volume above $22.5 billion, the world’s l

Coinpedia16m ago

Crypto Analyst and Expert Says Bull Market Is Confirmed as Bitcoin Survives Shakeout

Crypto analyst and expert says bull market is confirmed.  Bitcoin survives a shakeout nd mirrors 2022 price chart.  This shows a positive sign for BTC to set a new ATH price soon. The crypto market seems to be heading into a strong recovery phase as the price of Bitcoin (BTC) recovers pr

CryptoNewsLand58m ago

Bitcoin Holds Steady Amid Middle East Escalation

Bitcoin remains resilient at $70K despite escalating Middle East tensions, reflecting strong investor confidence with exchange-held assets at a six-year low. Market participants show stability amidst volatility, demonstrating a capacity to price geopolitical risks.

CryptoFrontNews1h ago

Michael Saylor Releases Bitcoin Tracker Information Again; MicroStrategy May Disclose Increased Holdings Data Next Week

Gate News report: On March 15th, Strategy founder Michael Saylor released information about Bitcoin Tracker again and wrote: "Stretch the Orange Dots." Based on previous patterns, Strategy typically discloses bitcoin holdings increases the day after releasing relevant information, with the market expecting new increase data to be announced next week.

GateNews1h ago

Brave Introduces Cross-Chain Swaps for Bitcoin, Solana, Zcash, and Cardano Supported by NEAR Intents

Brave Wallet v1.88 added NEAR Intents, enabling cross-chain swaps across Bitcoin, Solana, Zcash, Cardano, and EVM networks. NEAR Intents has processed over 19 million swaps and more than $14 billion in volume across 35 chains before this wallet integration. Brave has added NEAR Intents to it

CryptoNewsFlash1h ago
Comment
0/400
No comments