Shiba Inu (SHIB) Remains Stable, But A Key Catalyst Is Missing
The crypto market is swaying, the nerves are frayed, and tokens are raining down like dead leaves in a macroeconomic autumn. Yet, in this grim setting, Shiba Inu (SHIB) holds on, refusing the addition of a fatal zero, and resists where others have already collapsed. No lyrical flight for now, but there is tension in the air: what if the calm heralds a spectacular comeback?
As Bitcoin wavers between hiccup and paralysis, even for the coming months , SHIB stands firm. Despite a 3.08% drop in 24h, the token proudly maintains its position above $0.00001, narrowly avoiding the humiliation of an additional zero. The support at $0.00001028 has, once again, served as a floor against the downpour.
Short-term indicators give fodder to optimists. If the crypto SHIB breaks the resistance at $0.00001109 and the candle closes at a peak, the movement could take it toward $0.00001150. However, the bulls, after several timid charges, seem short on fuel.
The most likely scenario? A consolidation in the $0.00001050 – $0.00001150 zone.
In the medium term, the issue lies elsewhere: the weekly close must move significantly away from the pivot level of $0.00001078. Only under this condition will analysts dare to speak of a rebound toward $0.000012.
In the midst of the malaise, the SHIB community does not give up. Lucie, an engaged member of the team, blows on the embers with confidence:
SHIB holds firm. When the turnaround comes, it can happen very quickly. Look at its current valuation. Some are sleeping on it, but those who pay attention know what’s coming.
In other words: the ambient torpor is nothing but a temporary sleep. The informed, however, are ready. In a second breath, she readjusts the skeptics in her way:
The echo chambers full of FUD about SHIB are trying to sell you their other crap — meh! SHIB simply follows the market. But let’s be honest — no one really doubts its real value.
A clear message addressed to fear sellers: the fundamentals are there, even if the price is not following yet.
The fate of SHIB, as often, does not depend solely on its community or its technical levels. It relies on a broader mechanism: the awakening of the crypto market as a whole. Recent massive liquidations — $445 million in 24h — show that investors are sailing blind, caught in a sea of macroeconomic uncertainties.
No sustainable recovery for SHIB will materialize without a positive signal from bitcoin. In the meantime, SHIB remains suspended at its support, ready to jump if the planets align… or to bend if the market plunges further.
The memecoin Shiba Inu takes hits, steps back, but does not capitulate and promises a spectacular comeback . Its line at $0.00001 is more than just a number: it is a declaration of resistance. While bearish echoes rattle on the networks, the community holds its ground. The turnaround? It might come… but not without bitcoin showing the way.

Cryptonews Official
2025/04/04 00:05
“We will not bend to fraudsters”: Genius Group forced to sell Bitcoin after court order
Genius Group, an AI-driven education company, announced it must sell its Bitcoin holdings after a U.S. court order blocked the company from selling shares, raising funds, or purchasing Bitcoin.
The U.S. District Court for the Southern District of New York issued a preliminary injunction on March 13, preventing Genius Group from accessing its $150 million at-the-market funding and continuing its Bitcoin-first strategy .
As a result, the company has reduced its Bitcoin ( BTC ) holdings from 440 to 430 Bitcoin to fund operations , according to a company note .
The legal battle stems from Genius Group’s attempt to terminate an Asset Purchase Agreement with Fatbrain AI, a deal that has become the focus of multiple lawsuits.
In October 2024, Genius Group initiated arbitration to exit the agreement. By December, both companies had agreed to a preliminary injunction related to the APA.
Fatbrain AI shareholders later filed lawsuits against the company and its executives, Michael Moe and Peter Ritz, alleging fraud in connection with the APA. The SEC also brought shareholder fraud allegations against Fatbrain AI, according to Genius Group.
In response, Moe and Ritz sought a Temporary Restraining Order and a preliminary injunction against Genius Group, which the court granted on February 14.
Genius Group claims the injunction was based on false statements and has filed motions to lift the restrictions. The company also submitted a transcript of a meeting with Ritz, alleging he detailed a strategy to use the court order to extract money from Genius Group.
Fatbrain AI shareholders have also filed this transcript in their lawsuit against Moe and Ritz in Florida, according to the note.
Genius Group CEO Roger James Hamilton said the company did not anticipate that a U.S. court could restrict its financial decisions.
“We never dreamed that it was possible that a U.S. court could block the company from being able to issue shares, raise funds or buy Bitcoin – all actions that would normally be decided by a public company’s shareholders or Board rather than a court,” Hamilton said.
The court order has forced Genius Group to restructure its operations, including downsizing, closing divisions, and halting sponsorships, marketing, and investments. The company has also been unable to issue share-based compensation to employees, which it says puts it in violation of Singaporean labor laws.
“We will not bend to fraudsters and market manipulators that are themselves the subject of multiple lawsuits for fraud and misconduct,” Hamilton said.
Since the restraining order, Genius Group’s share price has dropped 53%, and its market capitalization is now at 40% of its Bitcoin Treasury value. The company has filed an emergency motion with the U.S. Court of Appeals for the Second Circuit to overturn the injunction.
Genius Group adopted a Bitcoin-first strategy in November 2024, aiming to hold Bitcoin as its primary treasury reserve asset. Despite being forced to sell some holdings, the company reiterated its commitment to Bitcoin and its belief in its long-term value.