Shiba Inu (SHIB) Price Prediction: Coinbase Launches Regulated Derivatives but Network Activity Stalls

AI Briefing

• – Coinbase launches SHIB 1K Index on CFTC-regulated derivatives platform, allowing retail and institutional traders to trade perpetual-style futures, marking a significant development for the cryptocurrency market.
• – The move is seen as a major milestone in the adoption of SHIB as a viable investment option, with the index providing a standardized way for traders to bet on the price movements of the token.
• – However, the launch comes at a time when SHIB network activity has stalled, sparking concerns about the token's long-term prospects and potential uses beyond speculative trading.