Hold onto your hats, crypto enthusiasts, because Binance is shaking things up! Last week, they made a string of big changes while some big players decided to part ways with millions in ADA tokens.
First up, Binance added the stablecoin StraitsX USD (XUSD) to its lineup, causing a buzz as it shot up to almost $1.80 before leveling out. Not stopping there, they also rolled out BMT/USDT and MUBARAK/USDT perpetual contracts with a jaw-dropping 25x leverage, sending those prices soaring.
But it’s not all additions and party hats. Binance is giving some margin trading pairs the boot on March 25. So, say goodbye to pairs like ALPHA/BTC and DODO/BTC in both cross and isolated margin sections. Historically, when Binance pulls support, some tokens take a nosedive, but for now, most are holding steady.
Meanwhile, over in the Cardano world, some big fish sold a whopping 100 million ADA tokens, making waves and adding to the selling pressure. This move might just spook other investors into selling off too unless an ADA ETF approval in the US or a crypto market comeback saves the day.
And in the land of meme coins, Shiba Inu’s former lead developer, Shytoshi Kusama, has been MIA on X. But fear not, Shibarium’s marketing whiz LUCIE assures us that Kusama is hard at work in their new ambassador role. The community is buzzing with hope for some epic announcements when Kusama finally breaks their silence.
So, whether you’re riding the bullish waves or navigating the bears, keep your eyes peeled for what’s next in this ever-evolving crypto world!
