Shiba Inu news

Dogecoin and Shiba Inu declined together, extending their underperformance relative to the broader crypto market. Rising volume—over 50% above the seven‑day average—coupled with a descending triangle pattern left both tokens capped below key resistance, while ETH steadied at higher levels. Regulatory milestones, such as Coinbase’s launch of SHIB futures, have not shifted the short‑term technical picture. Whale holdings remain in DOGE, yet the coins require a sustained move back to the $0.13 zone to reverse bearish sentiment and avoid further selling pressure.

Coinbase Markets announced it will launch 24/7 trading for futures on a range of altcoins including SHIB, BCH, DOGE, ADA, AVAX, LINK, DOT, HBAR, LTC, XLM, and SUI, starting Dec. 5. The move expands the platform’s regulated derivatives offering, which already includes BTC, ETH, SOL, and XRP. Coinbase also plans U.S. perpetual‑style futures for the same altcoins, settling on a five‑year expiry, to give U.S. traders a compliant, institution‑friendly alternative to offshore futures markets.

Coinbase's CFTC-regulated derivatives arm plans to launch 24/7 trading and "perp-style" futures for nearly a dozen altcoins.

SHIB fell more than 5 % in the last 24 hours, dropping to $0.00000951 as Bitcoin slid below its 200‑day simple moving average, reflecting a broader risk‑off sentiment. The meme token, the world’s second‑largest by market value, closed near key support and its decline followed the October downside exhaustion. The fall coincided with a sharp sell‑off in Bitcoin, though Bitcoin’s relative resilience remains intact. Token burning accelerated with over 1 million SHIB removed in recent sessions; weekly burn metrics jumped 139 % even as daily burns fell 86 %. Despite the deflationary push, trading volume spiked to 619.8 billion tokens, with resistance at $0.00001021 holding while sellers pushed through multiple support zones. Technicals showed a sharp intraday rebound to $0.00000971, but whale selling of more than 40 billion tokens to major exchanges weighed on sentiment. Key technical levels include support at $0.00000955‑$0.00000970 and resistance at $0.00001021. The recent 1.46 % intraday gain lifted price above $0.00000969, targeting $0.00000975‑$0.00000980, yet the overall trend remains bearish, with downside risk to the support zone if momentum falters.

Shiba Inu’s Shibarium team announced the restart of its Ethereum bridge after a $4 million exploit that forced an emergency shutdown. Post‑mortem details confirm all validator keys have been rotated, over 100 ecosystem contracts moved to secure wallets, and 4.6 million BONE tokens were recovered from the attacker’s contract. The breach, triggered on Sept. 12 by fake data submitted to the bridge, also involved the attacker staking millions of BONE to meet validation thresholds and draining $4.1 million in ETH, SHIB and other tokens. The team is developing a plan to reimburse affected users and has already reached out to authorities while offering a 50‑ETH bonus for a return of funds. No settlement materialised and the stolen assets have been moved. Following the incident, SHIB fell 13% and BONE lost over 43%. Authorities were contacted, but the attacker remains elusive.

Dogecoin surged about 9% to $0.25, breaking resistance after trading over a billion tokens. Support held at $0.242, resistance near $0.254‑$0.255, with an ascending triangle pattern and ETF speculation cited as a catalyst. Shiba Inu rose 6% as exchange balances fell to two‑year lows, hinting at institutional buying and a supply squeeze that could drive meme‑coin rotation further if ETF hopes remain.

Shiba Inu’s Shibarium layer‑2 platform lost roughly $2.4 million when attackers absorbed validator signing keys, triggering a flash‑loan hack. In response, the protocol’s DeFi arm, K9 Finance, offered a 5‑ether ($23,000) bounty to the perpetrator, issuing a 30‑day on‑chain offer that will start to decay after seven days. K9 Finance’s on‑chain message emphasized that settlement is atomic: once “accept()” is called, the deal cannot be cancelled. Shibarium developers have paused stake and unstake functions, moved stake‑manager funds to a hardware wallet controlled by a multisig, and are working with security firms Hexens, Seal 911 and PeckShield to investigate. Token prices fell sharply: KNINE dropped about 10 %, BONE plunged 38 %, and SHIB slipped modestly amid the incident. A separate, smaller hack earlier in the week drained $1.35 million from THORChain co‑founder John‑Paul Thorbjornsen through a Telegram scam.

A flash‑loan attack on Shiba Inu’s Shibarium validator system drained roughly $2.4 million in ether and SHIB, denting confidence in meme tokens. The hack borrowed 4.6 million BONE to seize validator keys, allowing unauthorized bridge transfers, but the loss was limited by staking rules. Both SHIB and DOGE slipped in the week, with SHIB dropping 4 % to $0.00001359 and DOGE falling 5 % to $0.2736 after a 34 million‑USD transfer to OKX. The CoinDesk Memecoin Index fell 6.6 % while the broader market eased 2.3 %.

Shibarium’s bridge to Ethereum suffered a flash‑loan attack draining $2.4 million in ETH and SHIB. The attacker borrowed 4.6 million BONE tokens, accessed 10 of 12 validator keys, and withdrew 224.57 ETH and 92.6 billion SHIB. Developers paused staking/unstaking to freeze the borrowed BONE and cut off the attacker’s majority control. The attacker also grabbed K9 tokens worth $700 k, but K9 Finance blacklisted the address, blocking sales. Hexens, Seal 911, and PeckShield investigated; law enforcement was notified and a bounty offered for fund return. BONE surged from $0.165 to $0.294 then fell to $0.202; SHIB up 4.5 % in 24 hrs.

A coordinated flash‑loan exploit on Shiba Inu’s Shibarium layer‑2 network enabled an attacker to acquire 4.6 million BONE, seize validator signing keys, and drain assets from the bridge to Ethereum, triggering a temporary halt of staking operations. The Shibarium team paused all stake/unstake functions, moved remaining funds into a 6‑of‑9 multisig‑protected hardware wallet, launched an investigation with security firms and law‑enforcement, and offered a potential bounty if the attacker returns the stolen assets. Following the breach, BONE’s price spiked, rising roughly 40% from the attack moment, while SHIB rose more than 8%.