Shake – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sun, 01 Jun 2025 10:14:07 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.7 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Shake – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Uni recovers to $6.18 after a ton of breakdown shake support https://earlybirdsinvest.com/uni-recovers-to-6-18-after-a-ton-of-breakdown-shake-support/ https://earlybirdsinvest.com/uni-recovers-to-6-18-after-a-ton-of-breakdown-shake-support/#respond Sun, 01 Jun 2025 10:14:06 +0000 https://earlybirdsinvest.com/uni-recovers-to-6-18-after-a-ton-of-breakdown-shake-support/

Uniswap’s native token initially fell below the uptrend line as it didn’t hold momentum beyond the $6.00 support level.

The decline followed the formation of rising channels earlier in the day, but the structure collapsed under mass sales.

However, the failure has proven to be temporary. Uni quickly reversed the course, returning to $6.18, indicating that if support remains close to $6.05, it suggests that the uptrend is still unharmed.

Technical Analysis Highlights

  • Uni formed a distinct ascending channel throughout most of the day, providing outstanding support at a level of $6.00 backed by above average volume.
  • Uni temporarily fell below the uptrend line, resulting in a sharp reversal, leading to massive sales.
  • Two important volume spikes have occurred. It exceeded 455,000 units at 01:38, and over 1.4 million units at 01:42.
  • The token rebounded immediately after the failure, regaining the ground and pushing it back towards the $6.18 area.
  • Initial resistance occurred at $6.19, which again appears within reach when bullish momentum returns.
  • Price Action shows a substantial intraday range of 0.226 (3.78%), highlighting sustained volatility

External reference

]]> https://earlybirdsinvest.com/uni-recovers-to-6-18-after-a-ton-of-breakdown-shake-support/feed/ 0 39504 Fast food giant Steak ‘n Shake launches Bitcoin payments, boosts financial efficiency https://earlybirdsinvest.com/fast-food-giant-steak-n-shake-launches-bitcoin-payments-boosts-financial-efficiency/ https://earlybirdsinvest.com/fast-food-giant-steak-n-shake-launches-bitcoin-payments-boosts-financial-efficiency/#respond Wed, 28 May 2025 00:06:30 +0000 https://earlybirdsinvest.com/fast-food-giant-steak-n-shake-launches-bitcoin-payments-boosts-financial-efficiency/

Fast food chain Steak ‘n Shake has expanded its payment options to include Bitcoin (BTC) at all of its locations globally, where regulations permit.

The rollout, which began on May 16, utilizes the Lightning Network to enable faster and lower-cost transactions.

The company’s COO, Dan Edwards, revealed the development on May 27 at the Bitcoin 2025 Conference in Las Vegas, which kicked off the same day and included a keynote by Senator Cynthia Lummis and Council of Advisers for Digital Assets executive director Bo Hines.

Exceeded expectations

Edwards revealed that the initial response exceeded expectations. On the first day alone, Steak ‘n Shake accounted for 1 out of every 500 Bitcoin transactions worldwide. He attributed this to strong interest from customers eager to use Bitcoin as a payment method in a real-world retail setting.

The company is already seeing measurable financial benefits from the integration. Edwards said Bitcoin payments have allowed Steak ‘n Shake to reduce its payment processing fees by approximately 50% compared to traditional credit card transactions.

This is due in part to the efficiency of the Lightning Network, which facilitates near-instant settlement with lower transaction costs.

Edwards emphasized that the decision to integrate Bitcoin was a serious and permanent addition to the company’s payment infrastructure. He further clarified that it was not a promotional experiment or limited-time offering, but rather a long-term option that the company now supports alongside traditional fiat methods.

To mark the launch, several locations in Las Vegas introduced special Bitcoin-themed menu items. These include the Bitcoin Burger, Super-Sized Bitcoin Meal, and Bitcoin Milkshake. Edwards also said the company is working on a new “blockchain menu,” though further details were not provided.

Seamless implementation

According to Edwards, the technical implementation was designed to be seamless and accessible for customers.

Since enabling Bitcoin payments, Steak ‘n Shake has observed a sustained increase in transaction activity. Edwards stated that customer behavior shifted quickly following the integration, with many opting to pay in Bitcoin and returning for repeat purchases.

The company has not yet released specific transaction volumes but indicated that the trend has continued beyond the initial launch period.

In addition to payment acceptance, Edwards noted that Steak ‘n Shake is investing in broader digital transformation. He referenced upcoming plans involving autonomous systems, AI, and blockchain-related technology, and confirmed that the company is actively hiring engineers to support these initiatives.

Edwards concluded his remarks by encouraging the audience to recognize Bitcoin’s growing utility in retail and hospitality environments. He framed the rollout as part of Steak ‘n Shake’s continued evolution in response to shifting customer expectations and new technology standards.

Mentioned in this article
]]> https://earlybirdsinvest.com/fast-food-giant-steak-n-shake-launches-bitcoin-payments-boosts-financial-efficiency/feed/ 0 38679 Steak n’ Shake COO Says Bitcoin Payments Cut Processing Fees in Half https://earlybirdsinvest.com/steak-n-shake-coo-says-bitcoin-payments-cut-processing-fees-in-half/ https://earlybirdsinvest.com/steak-n-shake-coo-says-bitcoin-payments-cut-processing-fees-in-half/#respond Tue, 27 May 2025 19:41:04 +0000 https://earlybirdsinvest.com/steak-n-shake-coo-says-bitcoin-payments-cut-processing-fees-in-half/

LAS VEGAS, Nevada — Steak n’ Shake has only been accepting bitcoin payments for two weeks, but the American fast food chain’s COO Dan Edwards said it’s already been a “win” for both the company and its customers.

Speaking at Bitcoin 2025 in Las Vegas on Tuesday, Edwards said that bitcoin payments have been faster and cheaper than traditional credit card payments.

“When customers choose to pay in bitcoin instead of credit cards, we are saving about 50% in our processing fees,” Edwards said. “This means that bitcoin is a win for the customer, it’s a win for us as a merchant, and it’s a win for the bitcoin community.”

Edwards said that on May 16, the day Steak n’ Shake began accepting bitcoin payments, one in every 500 bitcoin transactions globally happened at Steak n’ Shake.

“Accepting bitcoin allows us to meet our customers where our customers are,” Edwards said. “We were seeking to provide our customers with another viable option by which to pay for our products. We understand that allowing customers to pay with bitcoin alongside cash and credit cards, puts bitcoin on par with those methods, those other globally accepted payment methods.”

Edwards added that you can buy more than just a burger and beef tallow fries with your bitcoin at Steak n’ Shake – the company is also allowing would-be franchisees to purchase their franchises with bitcoin.

Riding the success of bitcoin payments, Edwards said the company is looking for other ways it can embrace technology to bring its food into the future — including robo-taxis, cyber-chefs, and drones.

]]> https://earlybirdsinvest.com/steak-n-shake-coo-says-bitcoin-payments-cut-processing-fees-in-half/feed/ 0 38640 Steak ‘n Shake accepts Bitcoin via the Lightning Network beyond our location https://earlybirdsinvest.com/steak-n-shake-accepts-bitcoin-via-the-lightning-network-beyond-our-location/ https://earlybirdsinvest.com/steak-n-shake-accepts-bitcoin-via-the-lightning-network-beyond-our-location/#respond Sun, 18 May 2025 13:33:44 +0000 https://earlybirdsinvest.com/steak-n-shake-accepts-bitcoin-via-the-lightning-network-beyond-our-location/


Steak’N Shake officially began paying for Bitcoin via the Lightning network following an announcement reported on May 9th. At the time, the fast food chain tinkered with plans to integrate BTC, creating excitement across the Bitcoin community. And today, it’s an option at the cash register, or better yet, the Bitcoin register.

As of today, customers can pay for meals in Bitcoin at Steak’n Shake locations across the US. This is a major step in mainstream Bitcoin adoption as the chain serves more than 100 million customers a year, offering the option to use lightning bolts in immediate, low-cost transactions.

The company announced news about X this morning, confirming that Lightning Network payments are officially supported in store.

Next, they revealed the scale of the implementation. This is not a small test or pilot program. It’s a complete deployment of their entire system.

Bitcoin’s two-tier solution, Lightning Network is designed for fast, scalable and low-cost payments, making it ideal for purchasing POS such as burgers and fries. Steak’n Shake customers can use a supported wallet to scan the Lightning QR code at checkout and complete the transaction in seconds. The system uses a back-end payment processor to process real-time conversions to USD, ensuring stability and ease of use for both customers and merchants.

Previous reports from Bitcoin Magazine recorded that even hints on this move are important, and now it’s official, it confirms Steak’N Shake as one of the first major fast food brands to fully adopt Bitcoin through Lightning. This is beyond the occasional “accepted here” sign. This is a practical and streamlined payment option that reflects Bitcoin’s commitment to integration.

With tools like the Lightning Network making payments faster and more accessible, Steak’N Shake is at the forefront of the shift towards practical, everyday BTC utilities.

This update could indicate a larger trend on the horizon. Steak’N Shake’s move could trigger a similar wave of integration as more brands are watching consumer behavior and making the Lightning network easier to use.

]]> https://earlybirdsinvest.com/steak-n-shake-accepts-bitcoin-via-the-lightning-network-beyond-our-location/feed/ 0 36932 Ripple Whale Activity Surges—Will $273 Million XRP Transfer Shake The Market? https://earlybirdsinvest.com/ripple-whale-activity-surges-will-273-million-xrp-transfer-shake-the-market/ https://earlybirdsinvest.com/ripple-whale-activity-surges-will-273-million-xrp-transfer-shake-the-market/#respond Thu, 17 Apr 2025 15:45:28 +0000 https://earlybirdsinvest.com/ripple-whale-activity-surges-will-273-million-xrp-transfer-shake-the-market/ Recent happenings with whales have caused turbulence in the XRP market. A transaction of 131 million XRP tokens, which is around $273 million worth, has sent jitters among investors. This occurrence comes during the tough battle of XRP in attempting to cut through the resistance at $2.16.

Large Wallet Transfers Raise Questions About Market Stability

As per blockchain monitoring by Whale Alert, an unknown owner moved 131 million XRP between wallets in a single transaction. The activity prompted conversations on trading platforms as investors attempted to decipher the move. The wallet addresses used haven’t been traced to any known exchanges or parties, further fueling uncertainty.

This was not a one-off action, though. Only 12 hours ago, another big holder transferred XRP valued at $63 million. These consecutive moves by major token holders indicate that a trend may be emerging. Some observers think these may be over-the-counter transactions, while others are concerned about potential selling pressure to materialize.

Price Continues To Fail To Break $2.17 Resistance

XRP has been unable to break the $2.17 barrier in recent times despite several attempts. These rejections have undermined bullish momentum and driven the price lower. According to reports, XRP traded at approximately $2.06 within the last 24 hours, and down by 4%.

The digital asset had registered a positive growth in the last week with a gain of 14%. Yet this upward movement wasn’t sustained even after the noise surrounding whale movement. The unplanned realignment of tokens is causing traders immediately across the marketplace to respond adversely.

Market analyst CasiTrades indicated that XRP might drop towards the support levels lower than $1.90 in case the downtrend persists. The analyst even indicated a likely drop to $1.55 if the volume of selling gains momentum higher than the present volumes. Such prices may present chances for buying once market interest re-emerges.

Long-Term Outlook Still Remains Promising

There are still some analysts who think XRP has a bright future, although it’s been weak recently. Investors get excited sometimes due to rumors of an XRP ETF and a potential agreement with payment system, SWIFT. But nothing significant has happened in the market from those expectations so far.

Currently, market participants are split. Large institutional trades and price pullbacks at key levels are resulting in conflicting views. The $1.90 to $1.55 support zone is critical. XRP must remain above this zone for the price to have any possibility of increasing soon.

The market is still following XRP closely in anticipation of concrete news. Whale movements and the chronic resistance at $2.16 are decisive factors in the direction of the market in the next few days.

Featured image from Pexels, chart from TradingView

]]> https://earlybirdsinvest.com/ripple-whale-activity-surges-will-273-million-xrp-transfer-shake-the-market/feed/ 0 31336 Bitcoin Slips Under $94K as Stocks Try to Shake Last Week's Jitters https://earlybirdsinvest.com/bitcoin-slips-under-94k-as-stocks-try-to-shake-last-weeks-jitters/ https://earlybirdsinvest.com/bitcoin-slips-under-94k-as-stocks-try-to-shake-last-weeks-jitters/#respond Mon, 24 Feb 2025 21:39:13 +0000 https://earlybirdsinvest.com/bitcoin-slips-under-94k-as-stocks-try-to-shake-last-weeks-jitters/

Bitcoin (BTC) continued to slide on Monday, hurt by not just by massive bearish price action in most of the rest of crypto, but also as U.S. stocks struggle to pull out of their recent downturn.

Falling to about $93,900 as stocks closed, bitcoin is down 1.9% in the last 24 hours. Ether (ETH) is lower by 5.9% over the same time frame. The broader CoinDesk 20 Index is down 5.1%.

Following last week’s major declines, an attempted rally by the major U.S. stock averages failed Monday afternoon, with the Nasdaq closing down another 1.2% and the S&P 500 0.5%.

The worst performer among the major cryptos was solana’s (SOL), down nearly 10% over the past 24 hours and a whopping 41% over the past month. In addition to its role in what appears to be a fading memecoin craze, SOL is also facing token unlocks in March and a 30% increase in SOL inflation due to the recent implementation of SIMD-96, which adjusted the network’s fee structure. At $151 at press time, SOL has now more than given up its post-election gains.

“Trying to communicate to folks who may be feeling complacency/denial that $95,000 is still not a bad exit price relative to where I think we could trade in 6-12 months,” Quinn Thompson, founder of Lekker Capital, a crypto hedge fund that specializes in using macroeconomic data for its trades, posted on social media.

Thompson estimated that there was an 80% chance that bitcoin won’t make new highs over the next three months and a 51% chance we won’t see new highs for even the next 12 months.

Turning to the U.S. economy, Neil Dutta, head of economic research at Renaissance Macro Research, said that risks to the labor market are growing. Real incomes are slowing down, the housing market is getting worse, state and local governments are pulling back on spending. Worryingly, market consensus sees no economic slowdown in sight, with GDP median forecast at roughly 2.5%.

“If 2023 was about being surprised to the upside, there is more risk in 2025 of being surprised to the downside,” Dutta wrote.

“A passive tightening of monetary policy is the dominant risk and that has important implications for financial market investors,” Dutta continued. “I would anticipate a decline in longer-term interest rates and a selloff in equity prices as risk appetite wanes. For the economy, expect conditions to deteriorate in the jobs market.”

]]> https://earlybirdsinvest.com/bitcoin-slips-under-94k-as-stocks-try-to-shake-last-weeks-jitters/feed/ 0 21642 Donald Trump’s Ripple Mentions Shake Up Crypto: Details https://earlybirdsinvest.com/donald-trumps-ripple-mentions-shake-up-crypto-details/ https://earlybirdsinvest.com/donald-trumps-ripple-mentions-shake-up-crypto-details/#respond Thu, 20 Feb 2025 07:00:29 +0000 https://earlybirdsinvest.com/donald-trumps-ripple-mentions-shake-up-crypto-details/

United States President Donald J. Trump shared two articles about Ripple on his Truth Social platform, igniting speculation over the potential implications for both Ripple and its native token, XRP. The posts—apparently referencing a so-called “Trump effect” on the company—came in quick succession, raising eyebrows among industry observers who have long tracked Ripple’s high-profile legal battles and global expansion.

Why Has Trump Mentioned Ripple?

On Truth Social, President Trump posted two separate pieces about Ripple back-to-back: From CoinDesk (January 6): “Ripple’s Garlinghouse Touts ‘Trump Effect’ Amid Bump in US Deals,” and from The Block (January 5): “Ripple CEO Says 75% of Open Roles Are Now US-Based Due to ‘Trump Effect.’”

In both articles, Ripple CEO Brad Garlinghouse highlighted a notable shift in the company’s US fortunes following Trump’s reelection in November 2024, referring to this shift as the “Trump effect.” According to Garlinghouse, Ripple saw a surge in domestic business deals in late 2024—an amount he claimed surpassed what the company had secured in the previous six months. He attributed this upswing to a changing regulatory environment and renewed optimism due to the Trump administration.

Garlinghouse also disclosed that 75% of the company’s new job openings are currently US-based—an about-face compared to previous years, when the bulk of Ripple’s clients (and consequently its hiring focus) were overseas due to mounting regulatory pressure at home. Notably, Garlinghouse retweeted a post by @BankXRP on X, which drew attention to President Trump’s Truth Social posts.

Despite the sudden spotlight, it remains unclear why Trump chose to share both articles in quick succession. The president is known to celebrate the term “Trump effect” in various contexts, highlighting what he views as the success of his policies across industries.

Just two days prior to these Truth Social posts, on February 17, 2025, the White House released a press statement headlined “Trump Effect Shows No Slowdown.” It read in part: “In his first month back in office, President Donald J. Trump has taken extraordinary action to usher in a new Golden Age of America – through border security, deregulation, government accountability, and leveling the playing field for American workers, to name a few. The positive effects of President Trump’s policies continue to be felt across the country.”

However, neither the broader crypto industry nor Ripple was mentioned there. Instead, the release listed several headlines purportedly reflecting these policies, including potential automaker relocations from Mexico, expansions in steel manufacturing in Ohio, and significant changes in immigration flows along the US border. In one of the more striking entries, it noted: “DOGE Discovers $1.9 Billion HUD Money ‘Misplaced’ By Biden Administration”

At press time, the XRP price wasn’t reacting to the news at all. and stood at $2.60.

XRP price
XRP eyes the 0.618 Fibonacci level, 1-day chart | Source: XRPUSDT on TradingView.com

Featured image from X, chart from TradingView.com

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