As the dynamic cryptocurrency world leaves another week behind, there have been some notable developments in the sector. While Shiba Inu (SHIB) has made significant progress within the community, Binance has also occupied the market agenda with new token listings. With the broader market showing signs of recovery in the first week of 2025, this week has witnessed some very talk-worthy events. Here are some of the notable developments in the crypto market last week...
Shiba Inu (SHIB) Makes Significant Progress
The famous Shiba Inu representative of the meme coin world has been the focus of the crypto market this week. The token’s lead developer Shytoshi Kusama has created an optimistic atmosphere in the SHIB ecosystem by announcing that the TREAT token will be launched very soon. This launch is eagerly awaited by community members. At the same time, the continuous burning of SHIB tokens has increased the enthusiasm of investors, leading to an increase in prices. Some reports have indicated that SHIB has gained 45% thanks to the increase in the burn rate and strong market trends. Market observers are expecting more gains for the token in the near term. In addition, Binance’s new token listings have also attracted attention. The leading crypto exchange has increased trading support for tokens such as DOGE, SHIB, and PEPE, creating an optimistic atmosphere about the prices of these coins. Binance has also expanded its P2P division by adding new trading pairs in some fiat regions in Africa. Additionally, major support for Phala Network (PHA) and dForce (DF) tokens was announced, offering leveraged contracts for these tokens. Binance has the opportunity to further expand its operations in the region with the regulatory approval it received from the Brazilian Central Bank. All these developments have reinforced Binance’s success, while investors have become optimistic about the future of these tokens.
Expectations for Market Recovery Increase
Bitcoin and other major cryptocurrencies have shown signs of recovery with the start of 2025. BTC gained 3% in the last seven days, reaching $98,000. ETH, on the other hand, increased by 8% to $3,647. XRP’s price also closed at $2,402, up 10%. These increases indicate rising market sentiment for the first quarter of 2025. In particular, Bitcoin and Ethereum have been seen to gain value with renewed interest. Microstrategy announced plans to raise $2 billion to buy more BTC. The increase in Ethereum whales’ accumulations has given signs that the market is entering a broader recovery process. In addition, the Ripple community has made significant progress with the increase in ETF bets on XRP. Ripple’s RLUSD stablecoin has surpassed its competitors in terms of trading volume. All these developments have been among the most talked about events in the crypto market over the past week.