Here’s Why Ethereum Didn’t Skyrocket on ETF Launch, Shibarium Eyes Historic Milestone, Binance to Delist MATIC, AVAX and VOXEL Pairs: Crypto News Digest by U.Today

by

As a seasoned researcher with a background in cryptocurrencies and blockchain technology, I have witnessed the rollercoaster ride that is the crypto market. The latest news headlines from U.Today have piqued my interest once again.

Check out the top three news stories brought to you by U.Today.

Here’s why Ethereum didn’t skyrocket on ETF launch

As an analyst, I’ve observed a disappointing price performance from Ethereum (ETH), despite the anticipation and enthusiasm surrounding the launch of Ethereum ETFs. Contrary to investors’ expectations, ETH has dropped 7.78% over the last 24 hours, currently trading at $3,157. Several factors have contributed to this unexpected price shift.

Shibarium eyes historic milestone as SHIB price sell-off grows

Based on the information from Shibariumscan.io, Shibarium, the secondary layer solution of Shiba Inu, is nearing a significant accomplishment. The website shows that Shibarium has produced a total of 5,952,363 blocks so far, with only a small number of blocks left before hitting the 6 million mark. This upcoming milestone has brought about notable progress for Shibarium since its debut in August the previous year. Typically, the expansion of Shibarium is anticipated to lead to an increase in the value of Shiba Inu (SHIB). However, contrary to expectations, the token’s price is currently at $0.00001626, which represents a 5.95% decrease over the past 24 hours.

Binance to delist MATIC, AVAX and VOXEL pairs

Based on Binance’s latest declaration, three specific spot trading pairs will be eliminated: AVAX/TUSD, MATIC/TUSD, and VOXEL/BTC. This action is slated for July 26, 2024, at 3:00 a.m (UTC). Binance’s users are informed that the availability of these tokens on Binance Spot remains unchanged. Nevertheless, it is suggested that users terminate any spot trading bot services associated with these pairs before their removal to prevent possible losses. Binance implemented this decision in adherence to its commitment to safeguarding user protection and fostering a top-tier trading environment.

Read More

2024-07-25 19:30