Shiba Inu (SHIB) Breaks 11-Month Downtrend After Japan Approval

NewsWed, 26 Aug 2026 11:20:35 UTC1 hour ago

Shiba Inu (SHIB) price has closed above its 20-week moving average for the first time since September 2025, ending an 11-month downtrend.

The break arrived in the same week Japan approved a Nomura-backed exchange to list SHIB. The token now trades at $0.00000528, down 4.27% in 24 hours, while it retests the breakout.

Japan Says Yes to Shiba Inu

Japan's Financial Services Agency registered Laser Digital Japan as a crypto asset exchange service provider. The subsidiary of Nomura's digital assets arm secured the first new exchange approval in the country in four years.

Shiba Inu & XRP Enter Japan's New Crypto Infrastructure

Laser Digital Japan has completed registration as a crypto asset exchange service provider in Japan.

The Nomura backed firm will initially handle six tokens, including ethereum:0x95ad61b0a150d79219dcf64e1e6cc01f0b64c4ce,… pic.twitter.com/5aKNvyh6hN
- BSCN (@BSCNews) August 24, 2026

SHIB is one of six launch assets. It sits beside Bitcoin (BTC), Ethereum (ETH), XRP, Bitcoin Cash (BCH), and Litecoin (LTC), and it is the only meme coin on that list. The token joined the Japan Virtual and Crypto Assets Exchange Association Green List in November 2025.

… Continue reading the full article at the original source below.

Read from Source · beincrypto.com ↗

This content is automatically aggregated. Full credit goes to the original publisher (beincrypto.com).

Shiba Inu (SHIB) Breaks 11-Month Downtrend After Japan Approval

Japan Says Yes to Shiba Inu

Related

Ethereum Foundation Flags L1 Contract Risks With Gas Repricing Approaching

Aviva Investors Launches Tokenized Fund with Komainu on XRP

Japan Moves to Build Blockchain Payment Infrastructure for Stocks and Bonds

Revolut Begins Rolling Out EURR Stablecoin to Select EU Customers