Shiba Inu Faces Sharp Drop, Ripple CEO Opposes Bitcoin Reserve, and Binance Under Investigation

Shiba Inu (SHIB) is witnessing one of 2025’s most significant price declines, resembling a "falling knife" pattern. The token has dropped to $0.00001817, with $0.000020 now acting as resistance. If SHIB reclaims $0.000019 with strong volume, a rebound to $0.000022 is possible. However, failure to hold this level could push the price down to $0.000017 or lower. Bearish momentum and downward-sloping moving averages add to investor concerns, making $0.000019 and $0.000017 crucial levels for short-term trends.

Ripple CEO Brad Garlinghouse has voiced opposition to a Bitcoin strategic reserve, arguing that digital asset reserves should represent the broader crypto industry rather than favoring a single token. Garlinghouse, who personally holds XRP, BTC, and ETH, supports a multichain ecosystem and opposes crypto maximalism. His stance has fueled speculation about Ripple lobbying against Bitcoin reserve efforts, intensifying ongoing rivalries between BTC and XRP supporters.

Meanwhile, Binance is facing legal scrutiny in France over allegations of money laundering and tax fraud. French authorities have expanded their investigation, building on a prior 2023 inquiry. Binance has denied any wrongdoing and vowed to contest the claims. The controversy follows a $4.3 billion U.S. settlement related to sanctions and anti-money laundering violations. Additionally, former Binance CEO Changpeng Zhao (CZ) was the sole shareholder of Binance France until May 2023, a situation that may have conflicted with French regulations prohibiting majority ownership by individuals with criminal records.

These developments highlight the volatility in the crypto market, regulatory challenges, and the ongoing power struggles within the industry. Investors remain cautious as legal and market uncertainties unfold.