Market
SHIB Sees Increased Long Trades, Short-Term Decline Still a Risk

Shiba Inu’s (SHIB) futures traders have maintained a bullish outlook despite the meme coin’s price consolidation in the past month.
An assessment of the coin’s price movements on a 3-day chart revealed that it has trended within a parallel channel pattern since 12 April, witnessing resistance at $0.000027 and finding support at $0.00002.
Shiba Inu Long Traders Bet in the Coin’s Favor
SHIB’s futures open interest has trended upward since the beginning of the month. As of this writing, the meme coin’s futures open interest was $89 million, pegged at its highest since April 4.

An asset’s futures open interest refers to the total number of outstanding futures contracts that have not been closed or settled yet. When it surges, it suggests an uptick in the number of traders entering the futures market for that asset.
SHIB’s funding rate has maintained a positive value, confirming that the rise in its open interest is a bullish sign.
Read More: How To Buy Shiba Inu (SHIB) and Everything You Need To Know

Funding rates are used in perpetual futures contracts to ensure the contract price stays close to the spot price. When their value is positive, they suggest a strong demand for long positions.
The rise in an asset’s futures open interest, alongside a positive funding rate, signals an increased demand for long positions.
SHIB Price Prediction: Meme Coin’s Value May Fall If…
While SHIB’s futures traders are opening positions in favor of a rally, readings from its price charts hint at the possibility of a short-term decline.
Firstly, the dots of its Parabolic SAR indicator were atop its price at price time. They have been positioned this way since April 3.
The indicator gauges an asset’s price direction and potential trend reversals. When its dots appear above the asset’s price, it signals that the current trend is downward and may continue if sentiment fails to improve.
Also, the coin’s Money Flow Index (MFI) rested below its 50 neutral zone at press time. 44.62 SHIB’s MFI showed that selling pressure exceeded accumulation amongst its traders.

This indicator measures money flow into and out of an asset over a specific period. Its values range between 0 and 100. A reading below 50 suggests that, on average, there has been more downward price movement accompanied by higher trading volume than upward price movement.
If this trend continues, the coin’s price may fall from the $0.000026 region and settle at $0.000024.

However, if this is invalidated, SHIB’s value is expected to rise to $0.00003.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Circle Introduces On-Chain Refund Protocol to Strengthen USDC Payments

Circle, the issuer behind the USDC stablecoin, has officially introduced the Refund Protocol—an advanced smart contract framework developed by Circle Research.
This innovation marks a turning point for decentralized stablecoin payments by directly embedding on-chain dispute resolution mechanisms into the blockchain, ensuring digital commerce transparency, security, and trust.
Role of Refund Protocol in the Circle Ecosystem
Traditional stablecoin payment models often lack on-chain refund or dispute resolution mechanisms. Typically, the sender’s stablecoins are held in escrow for a period before being released to the recipient.
An external party, known as an arbiter, oversees this escrow account. However, resolution usually happens off-chain when disputes arise, leading to two major concerns: centralized control by the arbiter and lack of transparency in the dispute process.

To solve this, Circle has designed the Refund Protocol to enhance the overall stablecoin payment experience, especially for USDC. The protocol acts as a smart contract, enabling non-custodial escrow and on-chain dispute resolution.
“Today, Circle’s R&D team released a new Refund Protocol for stablecoin payments. This builds on our earlier open source releases for confidential payments as well as reversible payments. Progress in mainstreaming stablecoin payments,” said Circle CEO Jeremy Allaire.
Rather than controlling the escrow account, the Refund Protocol can only do two things: release funds to the recipient or refund them to the customer. This removes reliance on third-party intermediaries, increases transparency, and boosts efficiency and user trust.
Refund Protocol to Help USDC Gain Market Share?
According to data from DefiLlama, USDT from Tether currently dominates the stablecoin market with over 61% market share. Although USDC holds the second position, its market capitalization is still less than half that of USDT.

The launch of Refund Protocol provides Circle with a strategic edge. By offering developers and businesses an easy way to integrate USDC payments into e-commerce platforms, NFT marketplaces, and DeFi applications, the protocol strengthens USDC’s position as a flexible and reliable medium of exchange.
Additionally, Refund Protocol gives Circle an advantage by providing a decentralized, low-cost, and transparent solution. This will help USDC stand out in real-world applications.
Refund Protocol may face regulatory hurdles despite its innovation, especially in jurisdictions with strict blockchain laws. The legal recognition of on-chain dispute resolution remains uncertain in many regions, potentially posing one of the biggest obstacles to widespread adoption.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Dogecoin (DOGE) Under Pressure—Bearish Setup Could Trigger Sell-Off

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Market
Is XRP’s Low Price Part of Ripple’s Long-Term Growth Strategy?

Ripple’s recently acquired Hidden Road has secured a broker-dealer license from the Financial Industry Regulatory Authority (FINRA). This marks a significant milestone in expanding its prime brokerage services for institutional investors.
Market watchers see it as a deliberate strategy by Ripple to build infrastructure and position itself for future growth. That being said, traders are expecting that XRP’s value will rise later.
Ripple Expands Institutional Presence with Hidden Road’s FINRA License
According to the latest press release, Hidden Road Partners CIV US LLC was granted approval. The license now enables the firm to provide a broader suite of regulatory-compliant services, including clearing, financing, and prime brokerage for fixed-income assets to institutions.
Noel Kimmel, President of Hidden Road, highlighted that the license was a pivotal development for the company. According to him, it enhances Hidden Road’s ability to operate in traditional financial (TradFi) markets.
“As a FINRA member, we will be able to bring our best-in-class, technology-driven fixed income service offering to an expanded universe of institutional clients. Our business has tremendous momentum, and we look forward to continuing to provide superior execution and support to our clients amidst today’s exceptionally dynamic market environment,” Kimmel said.
The FINRA approval follows Ripple’s $1.25 billion acquisition of Hidden Road. Announced on April 8, 2025, this was one of the largest deals in the digital assets sector.
The move positions Ripple as the first cryptocurrency company to own a global, multi-asset prime broker. Experts believe the acquisition and subsequent license are part of a broader strategy Ripple is employing.
“Hidden Road just secured a broker-dealer license right after Ripple’s acquisition. This isn’t a coincidence, it’s a statement. XRP is not playing checkers. It’s playing regulatory chess,” an analyst wrote on X (formerly Twitter).
Is Ripple Behind XRP’s Low Price? Analyst Thinks So
In fact, analysts also claim that XRP’s neutral reaction to recent milestones isn’t a sign of weakness but rather a strategic move. In a recent analysis, crypto analyst Levi argued that the current price of XRP, hovering around $2, is not coincidental, but rather a result of Ripple’s deliberate approach.
He suggested that the low price is designed to allow Ripple to operate under the radar while making key strategic moves, such as the Hidden Road acquisition.
“Hidden Road isn’t a flex. It’s infrastructure. It’s the final puzzle piece — giving Ripple a fully integrated, lightning-fast, global value settlement system,” he stated.
The analyst emphasized that while the public focused on Ripple’s legal battles with the SEC, the company quietly built its global value settlement system behind the scenes.
“XRP at $2 isn’t undervalued — it’s deliberately suppressed. When the switch flips, the revaluation won’t be gradual — it’ll be instant,” Levi noted.
In his view, those who have invested early will be positioned to benefit as the market shifts. Meanwhile, XRP, after hitting an all-time high earlier this year, has continued to decline.

At press time, the altcoin was trading at $2.0. According to BeInCrypto data, this represented a decline of 1.0% over the past day.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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