Judge Dismisses Elon Musk’s Fraud Claims Against OpenAI, Trial to Proceed on Remaining Allegations 
Google Secures Pentagon AI Deal for Classified Projects 
Samsung Reports Record Profit as AI Boom Drives Memory Chip Demand 
T-Mobile Beats Q1 Earnings Expectations on Strong Postpaid Growth 
Robinhood Q1 Earnings Miss Expectations, Stock Drops After Hours 
Novartis Q1 2026 Earnings Miss Expectations as Generic Competition Pressures Sales 
Amazon Stock Dips Despite Record Earnings as AI Infrastructure Spending Surges 
Apple Q2 2026 Earnings Surge as iPhone 17 Sales Drive Record Revenue 
Qualcomm Stock Surges Despite Weak Guidance After Q2 2026 Earnings Beat 
FBI Warns of China’s Expanding Hack-for-Hire Network Amid Extradition Case 
DeepSeek Slashes AI Model Pricing to Boost Adoption and Challenge Global Rivals 
Standard Chartered Q1 Profit Hits Record on Wealth and Investment Banking Growth 
Starbucks Raises 2026 Outlook as Turnaround Strategy Boosts Sales and Earnings 
Nippon Express Stock Jumps as Elliott Investment Signals Strong Foreign Interest in Japan Logistics Sector 
Shiba Inu’s burn rate surged by 1,436%, helping the price regain momentum after a previous resistance level was broken. Over 19 million tokens were burned, fueling excitement about a potential DeLorean Motor Company collaboration.
SHIB Burn Rate Soars by 1,436%, Stabilizing Prices
The Shiba Inu cryptocurrency (SHIB) has seen a notable increase following its unsuccessful attempt to surpass the $0.00001750 resistance level. A dramatic increase in the burn rate prompted a price change for the meme coin with a canine theme. As a result of this metric's 1,436% increase, prices have remained relatively stable.
According to Shibburn data, more than 19 million SHIB have been delivered to wallets that are no longer active. Because of this, the total number of tokens burned has reached an astounding 410,730,888,039,931 SHIB. There are currently 583,534,897,373,752 SHIB tokens available for purchase.
SHIB Price Increases 5% After Burn Rate Spike
The Shiba Inu community is now feeling optimistic as a result of this. There was a 5% increase in pricing after the deflationary push. After briefly coasting towards the next level of $0.000018, the price has broken the previous resistance level.
However, SHIB has demonstrated potential despite the token's price drop to its current level. Assuming the present trend continues, users are hopeful that meme currency will continue to rise to new heights.
Shiba Inu has seen a significant increase of 5.42% in the last 24 hours, with data showing that it is now trading at $0.00001799.
Shytoshi Kusama Teases Shibizens with DeLorean Partnership
Prior to today, U.Today hinted that if the price of SHIB remains above the 100-day exponential moving average (EMA), it will likely be pivotal in recovering its lost value. A string of token burns in recent weeks has helped the meme coin make a triumphant return.
The mysterious Shiba Inu team leader, Shytoshi Kusama, has been a driving force behind the current uptick in ecosystem sentiment after dropping a teaser. As a way to tease Shibizens, Kusama sent a message from the future in a series of X posts.
Specifically, the message focuses on a new "friendshib" with the illustrious DeLorean Motor Company, a manufacturer of classic cars. The SHIB community is thrilled at the prospect of a partnership with a sports car brand, even if Kusama has not disclosed the important details.
